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234.89999999999998 m 117.5 234.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 234.89999999999998 m 522.5 234.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 234.89999999999998 m 562.5 234.89999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 655.13 Td (T) Tj ET Q q 0 0 0 rg BT 58.04 655.13 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 81.53 655.13 Td (OF) Tj ET Q q 0 0 0 rg BT 92.49 655.13 Td ( ) Tj ET Q q 0 0 0 rg BT 94.34 655.13 Td (CONTENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.20 655.15 Td (Page) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 629.13 Td (P) Tj ET Q q 0 0 0 rg BT 57.29 629.13 Td (AR) Tj ET Q q 0 0 0 rg BT 68.57 629.13 Td (T) Tj ET Q q 0 0 0 rg BT 73.76 629.13 Td ( ) Tj ET Q q 0 0 0 rg BT 75.76 629.13 Td (I) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.00 629.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 616.15 Td (Item ) Tj ET Q q 0 0 0 rg BT 94.66 616.15 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 603.15 Td (Item ) Tj ET Q q 0 0 0 rg BT 94.66 603.15 Td (1A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 590.15 Td (Item 1B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 577.15 Td (Item 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 564.15 Td (Item 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 551.15 Td (Item 4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 525.13 Td (PART II) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 512.15 Td (Item 5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 499.15 Td (Item 6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 486.15 Td (Item 7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 473.15 Td (Item 7A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 460.15 Td (Item 8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 447.15 Td (Item 9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 434.15 Td (Item 9A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 421.15 Td (Item 9B) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 395.13 Td (PART III) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 382.15 Td (Item 10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 369.15 Td (Item 11) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 356.15 Td (Item 12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 343.15 Td (Item 13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 330.15 Td (Item 14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 304.13 Td (PART IV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 291.15 Td (Item 15) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 615.08671875 m 148.44921875 615.08671875 l s q 0 0 1 rg BT 120.00 616.15 Td (Business) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 540 615.08671875 m 544 615.08671875 l s q 0 0 1 rg BT 540.00 616.15 Td (3) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 602.08671875 m 160.22265625 602.08671875 l s q 0 0 1 rg BT 120.00 603.15 Td (Risk ) Tj ET Q q 0 0 1 rg BT 136.67 603.15 Td (Factors) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 602.08671875 m 546 602.08671875 l s q 0 0 1 rg BT 538.00 603.15 Td (10) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 589.08671875 m 210.953125 589.08671875 l s q 0 0 1 rg BT 120.00 590.15 Td (Unresolved ) Tj ET Q q 0 0 1 rg BT 158.88 590.15 Td (Staf) Tj ET Q q 0 0 1 rg BT 171.62 590.15 Td (f ) Tj ET Q q 0 0 1 rg BT 176.29 590.15 Td (Comments) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 589.08671875 m 546 589.08671875 l s q 0 0 1 rg BT 538.00 590.15 Td (16) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 576.08671875 m 152.4375 576.08671875 l s q 0 0 1 rg BT 120.00 577.15 Td (Properties) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 576.08671875 m 546 576.08671875 l s q 0 0 1 rg BT 538.00 577.15 Td (16) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 563.08671875 m 179.3125 563.08671875 l s q 0 0 1 rg BT 120.00 564.15 Td (Legal ) Tj ET Q q 0 0 1 rg BT 140.21 564.15 Td (Proceedings) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 563.08671875 m 546 563.08671875 l s q 0 0 1 rg BT 538.00 564.15 Td (16) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 550.08671875 m 198.65234375 550.08671875 l s q 0 0 1 rg BT 120.00 551.15 Td (Mine ) Tj ET Q q 0 0 1 rg BT 138.89 551.15 Td (Safety ) Tj ET Q q 0 0 1 rg BT 161.32 551.15 Td (Disclosures) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 550.08671875 m 546 550.08671875 l s q 0 0 1 rg BT 538.00 551.15 Td (17) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 511.08671875 m 478.18359375 511.08671875 l s q 0 0 1 rg BT 120.00 512.15 Td (Market for Registrant's Common Equity) Tj ET Q q 0 0 1 rg BT 248.46 512.15 Td (, Related Stockholder Matters and Issuer Purchases of Equity Securities) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 511.08671875 m 546 511.08671875 l s q 0 0 1 rg BT 538.00 512.15 Td (17) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 498.08671875 m 195.96875 498.08671875 l s q 0 0 1 rg BT 120.00 499.15 Td (Selected Financial Data) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 498.08671875 m 546 498.08671875 l s q 0 0 1 rg BT 538.00 499.15 Td (18) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 485.08671875 m 405.8515625 485.08671875 l s q 0 0 1 rg BT 120.00 486.15 Td (Management's Discussion and ) Tj ET Q q 0 0 1 rg BT 218.54 486.15 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 485.08671875 m 546 485.08671875 l s q 0 0 1 rg BT 538.00 486.15 Td (20) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 472.08671875 m 313.296875 472.08671875 l s q 0 0 1 rg BT 120.00 473.15 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 251.52 473.15 Td (About Market Risk) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 472.08671875 m 546 472.08671875 l s q 0 0 1 rg BT 538.00 473.15 Td (41) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 459.08671875 m 267.9609375 459.08671875 l s q 0 0 1 rg BT 120.00 460.15 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 459.08671875 m 546 459.08671875 l s q 0 0 1 rg BT 538.00 460.15 Td (42) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 446.08671875 m 407.05078125 446.08671875 l s q 0 0 1 rg BT 120.00 447.15 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 236.64 447.15 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 288.19 447.15 Td (Accounting and Financial Disclosure) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 446.08671875 m 546 446.08671875 l s q 0 0 1 rg BT 538.00 447.15 Td (90) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 433.08671875 m 198.65234375 433.08671875 l s q 0 0 1 rg BT 120.00 434.15 Td (Controls and Procedures) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 433.08671875 m 546 433.08671875 l s q 0 0 1 rg BT 538.00 434.15 Td (90) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 420.08671875 m 178.42578125 420.08671875 l s q 0 0 1 rg BT 120.00 421.15 Td (Other Information) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 420.08671875 m 546 420.08671875 l s q 0 0 1 rg BT 538.00 421.15 Td (92) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 381.08671875 m 301.99609375 381.08671875 l s q 0 0 1 rg BT 120.00 382.15 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 196.05 382.15 Td (ficers and Corporate Governance) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 381.08671875 m 546 381.08671875 l s q 0 0 1 rg BT 538.00 382.15 Td (92) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 368.08671875 m 200.203125 368.08671875 l s q 0 0 1 rg BT 120.00 369.15 Td (Executive Compensation) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 538 368.08671875 m 546 368.08671875 l s q 0 0 1 rg BT 538.00 369.15 Td (95) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 355.08671875 m 444.125 355.08671875 l s q 0 0 1 rg BT 120.00 356.15 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 536 355.08671875 m 548 355.08671875 l s q 0 0 1 rg BT 536.00 356.15 Td (108) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 342.08671875 m 362.15625 342.08671875 l s q 0 0 1 rg BT 120.00 343.15 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 230.94 343.15 Td (T) Tj ET Q q 0 0 1 rg BT 235.55 343.15 Td (ransactions, and Director Independence) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 536.25 342.08671875 m 547.65625 342.08671875 l s q 0 0 1 rg BT 536.25 343.15 Td (1) Tj ET Q q 0 0 1 rg BT 539.95 343.15 Td (1) Tj ET Q q 0 0 1 rg BT 543.66 343.15 Td (1) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 329.08671875 m 246.6328125 329.08671875 l s q 0 0 1 rg BT 120.00 330.15 Td (Principal ) Tj ET Q q 0 0 1 rg BT 150.44 330.15 Td (Accountant Fees and Services) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 536.1 329.08671875 m 547.803125 329.08671875 l s q 0 0 1 rg BT 536.10 330.15 Td (1) Tj ET Q q 0 0 1 rg BT 539.80 330.15 Td (12) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 120 290.08671875 m 257.3046875 290.08671875 l s q 0 0 1 rg BT 120.00 291.15 Td (Exhibits and Financial Statement Schedule) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 257.3046875 290.08671875 m 260.41796875 290.08671875 l s q 0 0 1 rg BT 257.30 291.15 Td (s) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 536.1 290.08671875 m 547.803125 290.08671875 l s q 0 0 1 rg BT 536.10 291.15 Td (1) Tj ET Q q 0 0 1 rg BT 539.80 291.15 Td (12) Tj ET Q BT /F3 8.00 Tf ET 0 0 1 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 263.88007812499995 m 104.421875 263.88007812499995 l s q 0 0 1 rg BT 53.00 265.13 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 77.75 265.13 Td (TURES) Tj ET Q BT /F2 8.00 Tf ET 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 536.1 264.08671875000005 m 547.803125 264.08671875000005 l s q 0 0 1 rg BT 536.10 265.15 Td (1) Tj ET Q q 0 0 1 rg BT 539.80 265.15 Td (17) Tj ET Q endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (2) Tj ET Q /GS0 gs q 141.00 0 0 77.00 50.00 672.00 cm /I18 Do Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 650.40 Td (I. ) Tj ET Q q 0 0 0 rg BT 95.00 650.40 Td (Forward-looking Statements) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 634.80 Td (This ) Tj ET Q q 0 0 0 rg BT 65.57 634.80 Td (r) Tj ET Q q 0 0 0 rg BT 68.38 634.80 Td (eport ) Tj ET Q q 0 0 0 rg BT 87.05 634.80 Td (contains ) Tj ET Q q 0 0 0 rg BT 115.94 634.80 Td (forwar) Tj ET Q q 0 0 0 rg BT 137.43 634.80 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 169.87 634.80 Td (statements, ) Tj ET Q q 0 0 0 rg BT 207.42 634.80 Td (including ) Tj ET Q q 0 0 0 rg BT 239.42 634.80 Td (those ) Tj ET Q q 0 0 0 rg BT 258.09 634.80 Td (r) Tj ET Q q 0 0 0 rg BT 260.90 634.80 Td (elating ) Tj ET Q q 0 0 0 rg BT 284.90 634.80 Td (to ) Tj ET Q q 0 0 0 rg BT 292.91 634.80 Td (our ) Tj ET Q q 0 0 0 rg BT 305.80 634.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 329.80 634.80 Td (needs, ) Tj ET Q q 0 0 0 rg BT 351.79 634.80 Td (business ) Tj ET Q q 0 0 0 rg BT 380.69 634.80 Td (strategy) Tj ET Q q 0 0 0 rg BT 406.02 634.80 Td (, ) Tj ET Q q 0 0 0 rg BT 409.80 634.80 Td (expectations ) Tj ET Q q 0 0 0 rg BT 451.56 634.80 Td (and ) Tj ET Q q 0 0 0 rg BT 465.34 634.80 Td (intentions. ) Tj ET Q q 0 0 0 rg BT 500.68 634.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 537.12 634.80 Td (that ) Tj ET Q q 0 0 0 rg BT 551.34 634.80 Td (use ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.48 625.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 80.96 625.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 116.22 625.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 160.82 625.25 Td (tr) Tj ET Q q 0 0 0 rg BT 170.30 625.25 Td (end, ) Tj ET Q q 0 0 0 rg BT 190.01 625.25 Td (expect, ) Tj ET Q q 0 0 0 rg BT 223.04 625.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 249.87 625.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 289.14 625.25 Td (for) Tj ET Q q 0 0 0 rg BT 302.63 625.25 Td (ecast, ) Tj ET Q q 0 0 0 rg BT 327.22 625.25 Td (should,intend ) Tj ET Q q 0 0 0 rg BT 390.05 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.76 625.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 428.14 625.25 Td (expr) Tj ET Q q 0 0 0 rg BT 442.06 625.25 Td (essions ) Tj ET Q q 0 0 0 rg BT 466.88 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.81 625.25 Td (a ) Tj ET Q q 0 0 0 rg BT 480.52 625.25 Td (futur) Tj ET Q q 0 0 0 rg BT 495.78 625.25 Td (e ) Tj ET Q q 0 0 0 rg BT 501.04 625.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.86 625.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 531.34 625.25 Td (d-looking ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 615.65 Td (natur) Tj ET Q q 0 0 0 rg BT 67.04 615.65 Td (e ) Tj ET Q q 0 0 0 rg BT 73.27 615.65 Td (identify ) Tj ET Q q 0 0 0 rg BT 99.94 615.65 Td (forwar) Tj ET Q q 0 0 0 rg BT 121.43 615.65 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 154.77 615.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 191.22 615.65 Td (for ) Tj ET Q q 0 0 0 rg BT 203.24 615.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 234.81 615.65 Td (of ) Tj ET Q q 0 0 0 rg BT 243.71 615.65 Td (the ) Tj ET Q q 0 0 0 rg BT 256.16 615.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 272.62 615.65 Td (federal ) Tj ET Q q 0 0 0 rg BT 297.96 615.65 Td (securities ) Tj ET Q q 0 0 0 rg BT 331.30 615.65 Td (laws ) Tj ET Q q 0 0 0 rg BT 348.65 615.65 Td (or ) Tj ET Q q 0 0 0 rg BT 358.45 615.65 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 394.23 615.65 Td (For ) Tj ET Q q 0 0 0 rg BT 408.91 615.65 Td (these ) Tj ET Q q 0 0 0 rg BT 428.03 615.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 464.48 615.65 Td (and ) Tj ET Q q 0 0 0 rg BT 479.16 615.65 Td (all ) Tj ET Q q 0 0 0 rg BT 490.29 615.65 Td (other ) Tj ET Q q 0 0 0 rg BT 509.86 615.65 Td (forwar) Tj ET Q q 0 0 0 rg BT 531.34 615.65 Td (d-looking ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 606.05 Td (statements, ) Tj ET Q q 0 0 0 rg BT 87.77 606.05 Td (we ) Tj ET Q q 0 0 0 rg BT 98.66 606.05 Td (claim ) Tj ET Q q 0 0 0 rg BT 118.43 606.05 Td (the ) Tj ET Q q 0 0 0 rg BT 130.21 606.05 Td (pr) Tj ET Q q 0 0 0 rg BT 137.02 606.05 Td (otection ) Tj ET Q q 0 0 0 rg BT 164.79 606.05 Td (of ) Tj ET Q q 0 0 0 rg BT 173.02 606.05 Td (the ) Tj ET Q q 0 0 0 rg BT 184.79 606.05 Td (safe ) Tj ET Q q 0 0 0 rg BT 199.68 606.05 Td (harbor ) Tj ET Q q 0 0 0 rg BT 223.90 606.05 Td (for ) Tj ET Q q 0 0 0 rg BT 235.24 606.05 Td (forwar) Tj ET Q q 0 0 0 rg BT 256.73 606.05 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 289.39 606.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 325.16 606.05 Td (contained ) Tj ET Q q 0 0 0 rg BT 358.71 606.05 Td (in ) Tj ET Q q 0 0 0 rg BT 366.93 606.05 Td (the ) Tj ET Q q 0 0 0 rg BT 378.70 606.05 Td (Private ) Tj ET Q q 0 0 0 rg BT 404.25 606.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 437.80 606.05 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 471.36 606.05 Td (Reform ) Tj ET Q q 0 0 0 rg BT 496.77 606.05 Td (Act ) Tj ET Q q 0 0 0 rg BT 509.43 606.05 Td (of ) Tj ET Q q 0 0 0 rg BT 517.65 606.05 Td (1995.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 590.45 Td (Forwar) Tj ET Q q 0 0 0 rg BT 74.15 590.45 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 107.35 590.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 143.67 590.45 Td (ar) Tj ET Q q 0 0 0 rg BT 150.48 590.45 Td (e ) Tj ET Q q 0 0 0 rg BT 156.57 590.45 Td (inher) Tj ET Q q 0 0 0 rg BT 173.16 590.45 Td (ently ) Tj ET Q q 0 0 0 rg BT 191.25 590.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 216.45 590.45 Td (to ) Tj ET Q q 0 0 0 rg BT 225.21 590.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 242.87 590.45 Td (and ) Tj ET Q q 0 0 0 rg BT 257.41 590.45 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 303.72 590.45 Td (many ) Tj ET Q q 0 0 0 rg BT 323.58 590.45 Td (of ) Tj ET Q q 0 0 0 rg BT 332.35 590.45 Td (which ) Tj ET Q q 0 0 0 rg BT 354.00 590.45 Td (cannot ) Tj ET Q q 0 0 0 rg BT 378.31 590.45 Td (be ) Tj ET Q q 0 0 0 rg BT 388.40 590.45 Td (pr) Tj ET Q q 0 0 0 rg BT 395.22 590.45 Td (edicted ) Tj ET Q q 0 0 0 rg BT 420.85 590.45 Td (with ) Tj ET Q q 0 0 0 rg BT 437.18 590.45 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 469.03 590.45 Td (or ) Tj ET Q q 0 0 0 rg BT 478.69 590.45 Td (ar) Tj ET Q q 0 0 0 rg BT 485.50 590.45 Td (e ) Tj ET Q q 0 0 0 rg BT 491.59 590.45 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 525.24 590.45 Td (beyond ) Tj ET Q q 0 0 0 rg BT 550.88 590.45 Td (our ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 580.85 Td (contr) Tj ET Q q 0 0 0 rg BT 66.59 580.85 Td (ol ) Tj ET Q q 0 0 0 rg BT 75.24 580.85 Td (and ) Tj ET Q q 0 0 0 rg BT 89.67 580.85 Td (some ) Tj ET Q q 0 0 0 rg BT 108.54 580.85 Td (of ) Tj ET Q q 0 0 0 rg BT 117.19 580.85 Td (which ) Tj ET Q q 0 0 0 rg BT 138.73 580.85 Td (might ) Tj ET Q q 0 0 0 rg BT 159.38 580.85 Td (not ) Tj ET Q q 0 0 0 rg BT 172.03 580.85 Td (even ) Tj ET Q q 0 0 0 rg BT 189.11 580.85 Td (be ) Tj ET Q q 0 0 0 rg BT 199.09 580.85 Td (anticipated.Forwar) Tj ET Q q 0 0 0 rg BT 263.24 580.85 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 296.33 580.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 332.53 580.85 Td (r) Tj ET Q q 0 0 0 rg BT 335.34 580.85 Td (eflect ) Tj ET Q q 0 0 0 rg BT 355.09 580.85 Td (our ) Tj ET Q q 0 0 0 rg BT 368.64 580.85 Td (curr) Tj ET Q q 0 0 0 rg BT 382.12 580.85 Td (ent ) Tj ET Q q 0 0 0 rg BT 394.32 580.85 Td (views ) Tj ET Q q 0 0 0 rg BT 414.52 580.85 Td (with ) Tj ET Q q 0 0 0 rg BT 430.73 580.85 Td (r) Tj ET Q q 0 0 0 rg BT 433.55 580.85 Td (espect ) Tj ET Q q 0 0 0 rg BT 455.96 580.85 Td (to ) Tj ET Q q 0 0 0 rg BT 464.62 580.85 Td (futur) Tj ET Q q 0 0 0 rg BT 479.88 580.85 Td (e ) Tj ET Q q 0 0 0 rg BT 485.86 580.85 Td (events ) Tj ET Q q 0 0 0 rg BT 508.27 580.85 Td (and ) Tj ET Q q 0 0 0 rg BT 522.70 580.85 Td (because ) Tj ET Q q 0 0 0 rg BT 550.90 580.85 Td (our ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (business ) Tj ET Q q 0 0 0 rg BT 79.69 571.25 Td (is ) Tj ET Q q 0 0 0 rg BT 87.60 571.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.84 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.64 571.25 Td (such ) Tj ET Q q 0 0 0 rg BT 138.88 571.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 156.57 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.15 571.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 217.50 571.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 240.07 571.25 Td (r) Tj ET Q q 0 0 0 rg BT 242.89 571.25 Td (esults, ) Tj ET Q q 0 0 0 rg BT 265.69 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 279.38 571.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 309.95 571.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 328.75 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 342.44 571.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 373.46 571.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 403.82 571.25 Td (r) Tj ET Q q 0 0 0 rg BT 406.63 571.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 427.43 571.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.23 571.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 473.03 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.61 571.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.85 571.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 524.32 571.25 Td (could ) Tj ET Q q 0 0 0 rg BT 544.67 571.25 Td (differ ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 561.65 Td (materially ) Tj ET Q q 0 0 0 rg BT 84.88 561.65 Td (fr) Tj ET Q q 0 0 0 rg BT 89.92 561.65 Td (om ) Tj ET Q q 0 0 0 rg BT 101.70 561.65 Td (those ) Tj ET Q q 0 0 0 rg BT 120.59 561.65 Td (described ) Tj ET Q q 0 0 0 rg BT 153.69 561.65 Td (in ) Tj ET Q q 0 0 0 rg BT 161.91 561.65 Td (or ) Tj ET Q q 0 0 0 rg BT 171.02 561.65 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 216.12 561.65 Td (by ) Tj ET Q q 0 0 0 rg BT 225.67 561.65 Td (the ) Tj ET Q q 0 0 0 rg BT 237.45 561.65 Td (forwar) Tj ET Q q 0 0 0 rg BT 258.93 561.65 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 291.59 561.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 327.37 561.65 Td (contained ) Tj ET Q q 0 0 0 rg BT 360.91 561.65 Td (in ) Tj ET Q q 0 0 0 rg BT 369.14 561.65 Td (this ) Tj ET Q q 0 0 0 rg BT 382.70 561.65 Td (r) Tj ET Q q 0 0 0 rg BT 385.51 561.65 Td (eport.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 546.05 Td (Important ) Tj ET Q q 0 0 0 rg BT 83.91 546.05 Td (factors ) Tj ET Q q 0 0 0 rg BT 108.05 546.05 Td (that ) Tj ET Q q 0 0 0 rg BT 122.40 546.05 Td (contribute ) Tj ET Q q 0 0 0 rg BT 157.20 546.05 Td (to ) Tj ET Q q 0 0 0 rg BT 165.33 546.05 Td (such ) Tj ET Q q 0 0 0 rg BT 181.91 546.05 Td (risks ) Tj ET Q q 0 0 0 rg BT 198.94 546.05 Td (include, ) Tj ET Q q 0 0 0 rg BT 226.39 546.05 Td (but ) Tj ET Q q 0 0 0 rg BT 238.53 546.05 Td (ar) Tj ET Q q 0 0 0 rg BT 245.35 546.05 Td (e ) Tj ET Q q 0 0 0 rg BT 250.81 546.05 Td (not ) Tj ET Q q 0 0 0 rg BT 262.94 546.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 287.07 546.05 Td (to, ) Tj ET Q q 0 0 0 rg BT 297.21 546.05 Td (those ) Tj ET Q q 0 0 0 rg BT 316.01 546.05 Td (factors ) Tj ET Q q 0 0 0 rg BT 340.14 546.05 Td (set ) Tj ET Q q 0 0 0 rg BT 350.94 546.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 368.41 546.05 Td (under ) Tj ET Q q 0 0 0 rg BT 388.99 546.05 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 408.03 546.05 Td (Factors ) Tj ET Q q 0 0 0 rg BT 439.28 546.05 Td (as ) Tj ET Q q 0 0 0 rg BT 448.31 546.05 Td (well ) Tj ET Q q 0 0 0 rg BT 463.55 546.05 Td (as ) Tj ET Q q 0 0 0 rg BT 472.58 546.05 Td (the ) Tj ET Q q 0 0 0 rg BT 484.26 546.05 Td (following: ) Tj ET Q q 0 0 0 rg BT 519.06 546.05 Td (the ) Tj ET Q q 0 0 0 rg BT 530.75 546.05 Td (closing ) Tj ET Q q 0 0 0 rg BT 555.77 546.05 Td (of ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 536.45 Td (the ) Tj ET Q q 0 0 0 rg BT 61.43 536.45 Td (Rights ) Tj ET Q q 0 0 0 rg BT 83.53 536.45 Td (Offering ) Tj ET Q q 0 0 0 rg BT 112.29 536.45 Td (\(as ) Tj ET Q q 0 0 0 rg BT 123.73 536.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 148.93 536.45 Td (below\) ) Tj ET Q q 0 0 0 rg BT 172.36 536.45 Td (and ) Tj ET Q q 0 0 0 rg BT 186.01 536.45 Td (series ) Tj ET Q q 0 0 0 rg BT 206.33 536.45 Td (of ) Tj ET Q q 0 0 0 rg BT 214.21 536.45 Td (r) Tj ET Q q 0 0 0 rg BT 217.03 536.45 Td (elated ) Tj ET Q q 0 0 0 rg BT 238.23 536.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 279.44 536.45 Td (with ) Tj ET Q q 0 0 0 rg BT 294.88 536.45 Td (T) Tj ET Q q 0 0 0 rg BT 298.89 536.45 Td (ime ) Tj ET Q q 0 0 0 rg BT 312.09 536.45 Td (W) Tj ET Q q 0 0 0 rg BT 318.02 536.45 Td (arner; ) Tj ET Q q 0 0 0 rg BT 340.12 536.45 Td (our ) Tj ET Q q 0 0 0 rg BT 352.89 536.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 374.98 536.45 Td (to ) Tj ET Q q 0 0 0 rg BT 382.86 536.45 Td (access ) Tj ET Q q 0 0 0 rg BT 405.40 536.45 Td (other ) Tj ET Q q 0 0 0 rg BT 423.94 536.45 Td (external ) Tj ET Q q 0 0 0 rg BT 451.80 536.45 Td (sour) Tj ET Q q 0 0 0 rg BT 465.73 536.45 Td (ces ) Tj ET Q q 0 0 0 rg BT 477.60 536.45 Td (of ) Tj ET Q q 0 0 0 rg BT 485.48 536.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 509.36 536.45 Td (if ) Tj ET Q q 0 0 0 rg BT 515.46 536.45 Td (such ) Tj ET Q q 0 0 0 rg BT 531.78 536.45 Td (financing ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 526.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 91.65 526.85 Td (ar) Tj ET Q q 0 0 0 rg BT 98.47 526.85 Td (e ) Tj ET Q q 0 0 0 rg BT 104.11 526.85 Td (not ) Tj ET Q q 0 0 0 rg BT 116.43 526.85 Td (closed ) Tj ET Q q 0 0 0 rg BT 138.96 526.85 Td (in ) Tj ET Q q 0 0 0 rg BT 147.28 526.85 Td (light ) Tj ET Q q 0 0 0 rg BT 164.04 526.85 Td (of ) Tj ET Q q 0 0 0 rg BT 172.36 526.85 Td (our ) Tj ET Q q 0 0 0 rg BT 185.56 526.85 Td (curr) Tj ET Q q 0 0 0 rg BT 199.04 526.85 Td (ent ) Tj ET Q q 0 0 0 rg BT 210.91 526.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 246.78 526.85 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 275.54 526.85 Td (constraints ) Tj ET Q q 0 0 0 rg BT 313.19 526.85 Td (and ) Tj ET Q q 0 0 0 rg BT 327.29 526.85 Td (our ) Tj ET Q q 0 0 0 rg BT 340.49 526.85 Td (poor ) Tj ET Q q 0 0 0 rg BT 357.70 526.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 388.23 526.85 Td (performance; ) Tj ET Q q 0 0 0 rg BT 433.87 526.85 Td (the ) Tj ET Q q 0 0 0 rg BT 445.74 526.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 469.61 526.85 Td (of ) Tj ET Q q 0 0 0 rg BT 477.92 526.85 Td (our ) Tj ET Q q 0 0 0 rg BT 491.13 526.85 Td (efforts ) Tj ET Q q 0 0 0 rg BT 513.67 526.85 Td (to ) Tj ET Q q 0 0 0 rg BT 521.98 526.85 Td (incr) Tj ET Q q 0 0 0 rg BT 534.57 526.85 Td (ease ) Tj ET Q q 0 0 0 rg BT 550.88 526.85 Td (our ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (r) Tj ET Q q 0 0 0 rg BT 52.82 517.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 80.84 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.55 517.25 Td (r) Tj ET Q q 0 0 0 rg BT 98.37 517.25 Td (ecaptur) Tj ET Q q 0 0 0 rg BT 122.51 517.25 Td (e ) Tj ET Q q 0 0 0 rg BT 128.76 517.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 167.47 517.25 Td (market ) Tj ET Q q 0 0 0 rg BT 192.39 517.25 Td (shar) Tj ET Q q 0 0 0 rg BT 206.32 517.25 Td (e ) Tj ET Q q 0 0 0 rg BT 212.58 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.51 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.99 517.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 256.25 517.25 Td (Republic; ) Tj ET Q q 0 0 0 rg BT 290.06 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 303.88 517.25 Td (success ) Tj ET Q q 0 0 0 rg BT 330.58 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 517.25 Td (impr) Tj ET Q q 0 0 0 rg BT 354.33 517.25 Td (oving ) Tj ET Q q 0 0 0 rg BT 374.81 517.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 413.51 517.25 Td (r) Tj ET Q q 0 0 0 rg BT 416.33 517.25 Td (evenues ) Tj ET Q q 0 0 0 rg BT 444.35 517.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.28 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.76 517.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 488.02 517.25 Td (Republic; ) Tj ET Q q 0 0 0 rg BT 521.83 517.25 Td (decr) Tj ET Q q 0 0 0 rg BT 535.75 517.25 Td (eases ) Tj ET Q q 0 0 0 rg BT 555.78 517.25 Td (in ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 507.60 Td (television ) Tj ET Q q 0 0 0 rg BT 82.59 507.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 120.51 507.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 151.33 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.26 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.97 507.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 191.78 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.94 507.60 Td (development ) Tj ET Q q 0 0 0 rg BT 242.29 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 250.45 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.15 507.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 300.08 507.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 327.34 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.49 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.19 507.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 378.90 507.60 Td (in ) Tj ET Q q 0 0 0 rg BT 387.05 507.60 Td (which ) Tj ET Q q 0 0 0 rg BT 408.09 507.60 Td (we ) Tj ET Q q 0 0 0 rg BT 418.91 507.60 Td (operate; ) Tj ET Q q 0 0 0 rg BT 447.94 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.64 507.60 Td (effect ) Tj ET Q q 0 0 0 rg BT 478.90 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 487.05 507.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.75 507.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 531.34 507.60 Td (downturn ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 498.05 Td (and ) Tj ET Q q 0 0 0 rg BT 63.50 498.05 Td (Eur) Tj ET Q q 0 0 0 rg BT 75.20 498.05 Td (ozone ) Tj ET Q q 0 0 0 rg BT 95.36 498.05 Td (instability ) Tj ET Q q 0 0 0 rg BT 128.86 498.05 Td (in ) Tj ET Q q 0 0 0 rg BT 136.58 498.05 Td (our ) Tj ET Q q 0 0 0 rg BT 149.19 498.05 Td (markets ) Tj ET Q q 0 0 0 rg BT 176.02 498.05 Td (and ) Tj ET Q q 0 0 0 rg BT 189.52 498.05 Td (the ) Tj ET Q q 0 0 0 rg BT 200.79 498.05 Td (extent ) Tj ET Q q 0 0 0 rg BT 221.38 498.05 Td (and ) Tj ET Q q 0 0 0 rg BT 234.88 498.05 Td (timing ) Tj ET Q q 0 0 0 rg BT 256.83 498.05 Td (of ) Tj ET Q q 0 0 0 rg BT 264.55 498.05 Td (any ) Tj ET Q q 0 0 0 rg BT 277.60 498.05 Td (r) Tj ET Q q 0 0 0 rg BT 280.41 498.05 Td (ecovery; ) Tj ET Q q 0 0 0 rg BT 309.44 498.05 Td (our ) Tj ET Q q 0 0 0 rg BT 322.05 498.05 Td (success ) Tj ET Q q 0 0 0 rg BT 347.54 498.05 Td (in ) Tj ET Q q 0 0 0 rg BT 355.26 498.05 Td (implementing ) Tj ET Q q 0 0 0 rg BT 400.31 498.05 Td (our ) Tj ET Q q 0 0 0 rg BT 412.92 498.05 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 445.97 498.05 Td (to ) Tj ET Q q 0 0 0 rg BT 453.69 498.05 Td (diversify ) Tj ET Q q 0 0 0 rg BT 482.73 498.05 Td (and ) Tj ET Q q 0 0 0 rg BT 496.23 498.05 Td (enhance ) Tj ET Q q 0 0 0 rg BT 524.38 498.05 Td (our ) Tj ET Q q 0 0 0 rg BT 536.99 498.05 Td (r) Tj ET Q q 0 0 0 rg BT 539.81 498.05 Td (evenue ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 488.45 Td (str) Tj ET Q q 0 0 0 rg BT 58.15 488.45 Td (eams; ) Tj ET Q q 0 0 0 rg BT 79.37 488.45 Td (the ) Tj ET Q q 0 0 0 rg BT 91.25 488.45 Td (extent ) Tj ET Q q 0 0 0 rg BT 112.46 488.45 Td (to ) Tj ET Q q 0 0 0 rg BT 120.79 488.45 Td (which ) Tj ET Q q 0 0 0 rg BT 142.01 488.45 Td (our ) Tj ET Q q 0 0 0 rg BT 155.24 488.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 171.12 488.45 Td (service ) Tj ET Q q 0 0 0 rg BT 195.88 488.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 234.00 488.45 Td (r) Tj ET Q q 0 0 0 rg BT 236.81 488.45 Td (estrict ) Tj ET Q q 0 0 0 rg BT 258.92 488.45 Td (our ) Tj ET Q q 0 0 0 rg BT 272.14 488.45 Td (business; ) Tj ET Q q 0 0 0 rg BT 304.03 488.45 Td (our ) Tj ET Q q 0 0 0 rg BT 317.25 488.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 339.81 488.45 Td (to ) Tj ET Q q 0 0 0 rg BT 348.14 488.45 Td (make ) Tj ET Q q 0 0 0 rg BT 367.13 488.45 Td (cost-effective ) Tj ET Q q 0 0 0 rg BT 411.43 488.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 450.87 488.45 Td (in ) Tj ET Q q 0 0 0 rg BT 459.20 488.45 Td (television ) Tj ET Q q 0 0 0 rg BT 491.97 488.45 Td (br) Tj ET Q q 0 0 0 rg BT 498.79 488.45 Td (oadcast ) Tj ET Q q 0 0 0 rg BT 525.78 488.45 Td (operations, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 478.85 Td (including ) Tj ET Q q 0 0 0 rg BT 81.99 478.85 Td (investments ) Tj ET Q q 0 0 0 rg BT 121.09 478.85 Td (in ) Tj ET Q q 0 0 0 rg BT 129.09 478.85 Td (pr) Tj ET Q q 0 0 0 rg BT 135.91 478.85 Td (ogramming; ) Tj ET Q q 0 0 0 rg BT 177.23 478.85 Td (our ) Tj ET Q q 0 0 0 rg BT 190.12 478.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 212.34 478.85 Td (to ) Tj ET Q q 0 0 0 rg BT 220.33 478.85 Td (develop ) Tj ET Q q 0 0 0 rg BT 246.98 478.85 Td (and ) Tj ET Q q 0 0 0 rg BT 260.76 478.85 Td (acquir) Tj ET Q q 0 0 0 rg BT 281.35 478.85 Td (e ) Tj ET Q q 0 0 0 rg BT 286.67 478.85 Td (necessary ) Tj ET Q q 0 0 0 rg BT 319.99 478.85 Td (pr) Tj ET Q q 0 0 0 rg BT 326.81 478.85 Td (ogramming ) Tj ET Q q 0 0 0 rg BT 365.47 478.85 Td (and ) Tj ET Q q 0 0 0 rg BT 379.25 478.85 Td (attract ) Tj ET Q q 0 0 0 rg BT 402.35 478.85 Td (audiences; ) Tj ET Q q 0 0 0 rg BT 438.78 478.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 466.77 478.85 Td (in ) Tj ET Q q 0 0 0 rg BT 474.77 478.85 Td (the ) Tj ET Q q 0 0 0 rg BT 486.31 478.85 Td (political ) Tj ET Q q 0 0 0 rg BT 514.75 478.85 Td (and ) Tj ET Q q 0 0 0 rg BT 528.53 478.85 Td (r) Tj ET Q q 0 0 0 rg BT 531.34 478.85 Td (egulatory ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (envir) Tj ET Q q 0 0 0 rg BT 66.14 469.25 Td (onments ) Tj ET Q q 0 0 0 rg BT 95.54 469.25 Td (wher) Tj ET Q q 0 0 0 rg BT 111.24 469.25 Td (e ) Tj ET Q q 0 0 0 rg BT 117.52 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 129.14 469.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 156.30 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.04 469.25 Td (application ) Tj ET Q q 0 0 0 rg BT 210.21 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.16 469.25 Td (r) Tj ET Q q 0 0 0 rg BT 221.98 469.25 Td (elevant ) Tj ET Q q 0 0 0 rg BT 247.80 469.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 265.21 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.94 469.25 Td (r) Tj ET Q q 0 0 0 rg BT 282.75 469.25 Td (egulations; ) Tj ET Q q 0 0 0 rg BT 321.48 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.21 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.71 469.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 370.99 469.25 Td (r) Tj ET Q q 0 0 0 rg BT 373.81 469.25 Td (enewal ) Tj ET Q q 0 0 0 rg BT 399.20 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.15 469.25 Td (br) Tj ET Q q 0 0 0 rg BT 414.97 469.25 Td (oadcasting ) Tj ET Q q 0 0 0 rg BT 452.81 469.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 480.86 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.59 469.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.44 469.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 532.61 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.56 469.25 Td (obtain ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 459.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 84.54 459.60 Td (fr) Tj ET Q q 0 0 0 rg BT 89.58 459.60 Td (equencies ) Tj ET Q q 0 0 0 rg BT 122.77 459.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.41 459.60 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 165.39 459.60 Td (The ) Tj ET Q q 0 0 0 rg BT 179.04 459.60 Td (for) Tj ET Q q 0 0 0 rg BT 188.07 459.60 Td (egoing ) Tj ET Q q 0 0 0 rg BT 211.50 459.60 Td (r) Tj ET Q q 0 0 0 rg BT 214.31 459.60 Td (eview ) Tj ET Q q 0 0 0 rg BT 234.17 459.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.04 459.60 Td (important ) Tj ET Q q 0 0 0 rg BT 275.25 459.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 299.12 459.60 Td (should ) Tj ET Q q 0 0 0 rg BT 322.11 459.60 Td (not ) Tj ET Q q 0 0 0 rg BT 333.98 459.60 Td (be ) Tj ET Q q 0 0 0 rg BT 343.18 459.60 Td (construed ) Tj ET Q q 0 0 0 rg BT 376.38 459.60 Td (as ) Tj ET Q q 0 0 0 rg BT 385.14 459.60 Td (exhaustive ) Tj ET Q q 0 0 0 rg BT 420.55 459.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.20 459.60 Td (should ) Tj ET Q q 0 0 0 rg BT 457.18 459.60 Td (be ) Tj ET Q q 0 0 0 rg BT 466.38 459.60 Td (r) Tj ET Q q 0 0 0 rg BT 469.20 459.60 Td (ead ) Tj ET Q q 0 0 0 rg BT 482.39 459.60 Td (in ) Tj ET Q q 0 0 0 rg BT 490.27 459.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 529.68 459.60 Td (with ) Tj ET Q q 0 0 0 rg BT 545.11 459.60 Td (other ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 450.00 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 87.07 450.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 123.26 450.00 Td (that ) Tj ET Q q 0 0 0 rg BT 138.12 450.00 Td (ar) Tj ET Q q 0 0 0 rg BT 144.94 450.00 Td (e ) Tj ET Q q 0 0 0 rg BT 150.90 450.00 Td (included ) Tj ET Q q 0 0 0 rg BT 180.86 450.00 Td (in ) Tj ET Q q 0 0 0 rg BT 189.50 450.00 Td (this ) Tj ET Q q 0 0 0 rg BT 203.47 450.00 Td (r) Tj ET Q q 0 0 0 rg BT 206.29 450.00 Td (eport. ) Tj ET Q q 0 0 0 rg BT 227.59 450.00 Td (W) Tj ET Q q 0 0 0 rg BT 233.52 450.00 Td (e ) Tj ET Q q 0 0 0 rg BT 239.48 450.00 Td (undertake ) Tj ET Q q 0 0 0 rg BT 273.89 450.00 Td (no ) Tj ET Q q 0 0 0 rg BT 284.30 450.00 Td (obligation ) Tj ET Q q 0 0 0 rg BT 319.61 450.00 Td (to ) Tj ET Q q 0 0 0 rg BT 328.24 450.00 Td (publicly ) Tj ET Q q 0 0 0 rg BT 356.43 450.00 Td (update ) Tj ET Q q 0 0 0 rg BT 380.61 450.00 Td (or ) Tj ET Q q 0 0 0 rg BT 390.14 450.00 Td (r) Tj ET Q q 0 0 0 rg BT 392.96 450.00 Td (eview ) Tj ET Q q 0 0 0 rg BT 413.58 450.00 Td (any ) Tj ET Q q 0 0 0 rg BT 427.55 450.00 Td (forwar) Tj ET Q q 0 0 0 rg BT 449.04 450.00 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 482.11 450.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 520.30 450.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 548.48 450.00 Td (as ) Tj ET Q q 0 0 0 rg BT 558.01 450.00 Td (a ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 440.40 Td (r) Tj ET Q q 0 0 0 rg BT 52.82 440.40 Td (esult ) Tj ET Q q 0 0 0 rg BT 69.93 440.40 Td (of ) Tj ET Q q 0 0 0 rg BT 78.15 440.40 Td (new ) Tj ET Q q 0 0 0 rg BT 93.04 440.40 Td (information, ) Tj ET Q q 0 0 0 rg BT 134.82 440.40 Td (futur) Tj ET Q q 0 0 0 rg BT 150.08 440.40 Td (e ) Tj ET Q q 0 0 0 rg BT 155.63 440.40 Td (developments ) Tj ET Q q 0 0 0 rg BT 201.17 440.40 Td (or ) Tj ET Q q 0 0 0 rg BT 210.28 440.40 Td (otherwise.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 412.20 Td (Defined T) Tj ET Q q 0 0 0 rg BT 82.37 412.20 Td (erms) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 396.60 Td (Unless ) Tj ET Q q 0 0 0 rg BT 73.67 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.34 396.60 Td (context ) Tj ET Q q 0 0 0 rg BT 110.78 396.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 143.77 396.60 Td (requires, ) Tj ET Q q 0 0 0 rg BT 173.43 396.60 Td (references ) Tj ET Q q 0 0 0 rg BT 208.18 396.60 Td (in ) Tj ET Q q 0 0 0 rg BT 216.29 396.60 Td (this ) Tj ET Q q 0 0 0 rg BT 229.75 396.60 Td (report ) Tj ET Q q 0 0 0 rg BT 250.74 396.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.86 396.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.52 396.60 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 274.072265625 395.53359375 m 305.181640625 395.53359375 l s q 0 0 0 rg BT 274.07 396.60 Td (Company) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.18 396.60 Td (, ) Tj ET Q q 0 0 0 rg BT 312.63 396.60 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 316.17578125 395.53359375 m 333.51171875 395.53359375 l s q 0 0 0 rg BT 316.18 396.60 Td (CME) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.51 396.60 Td (, ) Tj ET Q q 0 0 0 rg BT 340.96 396.60 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 344.505859375 395.53359375 m 353.833984375 395.53359375 l s q 0 0 0 rg BT 344.51 396.60 Td (we) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.83 396.60 Td (, ) Tj ET Q q 0 0 0 rg BT 361.28 396.60 Td (us ) Tj ET Q q 0 0 0 rg BT 377.38 396.60 Td (or ) Tj ET Q q 0 0 0 rg BT 385.94 396.60 Td (our ) Tj ET Q q 0 0 0 rg BT 405.60 396.60 Td (refer ) Tj ET Q q 0 0 0 rg BT 422.59 396.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.70 396.60 Td (Central ) Tj ET Q q 0 0 0 rg BT 456.14 396.60 Td (European ) Tj ET Q q 0 0 0 rg BT 488.69 396.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 511.02 396.60 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 548.90 396.60 Td (Ltd. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 387.00 Td (\(CME ) Tj ET Q q 0 0 0 rg BT 74.86 387.00 Td (Ltd.\) ) Tj ET Q q 0 0 0 rg BT 95.49 387.00 Td (or ) Tj ET Q q 0 0 0 rg BT 103.46 387.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 122.11 387.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 136.53 387.00 Td (and ) Tj ET Q q 0 0 0 rg BT 149.39 387.00 Td (its ) Tj ET Q q 0 0 0 rg BT 158.25 387.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.00 387.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 239.08 387.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 257.72 387.00 Td (in ) Tj ET Q q 0 0 0 rg BT 265.25 387.00 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 290.11 387.00 Td (21.01 ) Tj ET Q q 0 0 0 rg BT 309.42 387.00 Td (hereto. ) Tj ET Q q 0 0 0 rg BT 332.72 387.00 Td (Unless ) Tj ET Q q 0 0 0 rg BT 355.80 387.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 388.21 387.00 Td (noted, ) Tj ET Q q 0 0 0 rg BT 409.30 387.00 Td (all ) Tj ET Q q 0 0 0 rg BT 418.60 387.00 Td (statistical ) Tj ET Q q 0 0 0 rg BT 450.13 387.00 Td (and ) Tj ET Q q 0 0 0 rg BT 462.98 387.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.28 387.00 Td (information ) Tj ET Q q 0 0 0 rg BT 531.36 387.00 Td (presented ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 377.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.75 377.40 Td (this ) Tj ET Q q 0 0 0 rg BT 72.83 377.40 Td (report ) Tj ET Q q 0 0 0 rg BT 94.45 377.40 Td (has ) Tj ET Q q 0 0 0 rg BT 107.64 377.40 Td (been ) Tj ET Q q 0 0 0 rg BT 125.27 377.40 Td (converted ) Tj ET Q q 0 0 0 rg BT 159.33 377.40 Td (into ) Tj ET Q q 0 0 0 rg BT 174.30 377.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 191.05 377.40 Td (dollars ) Tj ET Q q 0 0 0 rg BT 215.34 377.40 Td (using ) Tj ET Q q 0 0 0 rg BT 235.20 377.40 Td (period-end ) Tj ET Q q 0 0 0 rg BT 272.38 377.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 305.11 377.40 Td (rates. ) Tj ET Q q 0 0 0 rg BT 324.17 377.40 Td (All ) Tj ET Q q 0 0 0 rg BT 336.92 377.40 Td (references ) Tj ET Q q 0 0 0 rg BT 372.30 377.40 Td (in ) Tj ET Q q 0 0 0 rg BT 381.05 377.40 Td (this ) Tj ET Q q 0 0 0 rg BT 395.13 377.40 Td (report ) Tj ET Q q 0 0 0 rg BT 416.76 377.40 Td (to ) Tj ET Q q 0 0 0 rg BT 425.50 377.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 449.35 377.40 Td (or ) Tj ET Q q 0 0 0 rg BT 458.54 377.40 Td (dollars ) Tj ET Q q 0 0 0 rg BT 489.94 377.40 Td (are ) Tj ET Q q 0 0 0 rg BT 502.23 377.40 Td (to ) Tj ET Q q 0 0 0 rg BT 510.97 377.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 527.72 377.40 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 554.02 377.40 Td (all ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 367.80 Td (references ) Tj ET Q q 0 0 0 rg BT 84.91 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 93.19 367.80 Td (BGN ) Tj ET Q q 0 0 0 rg BT 119.24 367.80 Td (are ) Tj ET Q q 0 0 0 rg BT 131.06 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 139.34 367.80 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 172.94 367.80 Td (lev) Tj ET Q q 0 0 0 rg BT 182.19 367.80 Td (, ) Tj ET Q q 0 0 0 rg BT 186.25 367.80 Td (all ) Tj ET Q q 0 0 0 rg BT 196.30 367.80 Td (references ) Tj ET Q q 0 0 0 rg BT 231.21 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 239.49 367.80 Td (HRK ) Tj ET Q q 0 0 0 rg BT 265.54 367.80 Td (are ) Tj ET Q q 0 0 0 rg BT 277.36 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 285.63 367.80 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 315.23 367.80 Td (kuna, ) Tj ET Q q 0 0 0 rg BT 334.84 367.80 Td (all ) Tj ET Q q 0 0 0 rg BT 344.89 367.80 Td (references ) Tj ET Q q 0 0 0 rg BT 379.80 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 388.08 367.80 Td (CZK ) Tj ET Q q 0 0 0 rg BT 413.24 367.80 Td (are ) Tj ET Q q 0 0 0 rg BT 425.06 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 433.34 367.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 455.38 367.80 Td (korunas, ) Tj ET Q q 0 0 0 rg BT 484.76 367.80 Td (all ) Tj ET Q q 0 0 0 rg BT 494.81 367.80 Td (references ) Tj ET Q q 0 0 0 rg BT 529.73 367.80 Td (to ) Tj ET Q q 0 0 0 rg BT 538.00 367.80 Td (RON ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 358.20 Td (are ) Tj ET Q q 0 0 0 rg BT 61.98 358.20 Td (to ) Tj ET Q q 0 0 0 rg BT 70.41 358.20 Td (the ) Tj ET Q q 0 0 0 rg BT 82.39 358.20 Td (New ) Tj ET Q q 0 0 0 rg BT 99.71 358.20 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 134.80 358.20 Td (lei ) Tj ET Q q 0 0 0 rg BT 145.01 358.20 Td (and ) Tj ET Q q 0 0 0 rg BT 158.77 358.20 Td (all ) Tj ET Q q 0 0 0 rg BT 168.98 358.20 Td (references ) Tj ET Q q 0 0 0 rg BT 204.05 358.20 Td (to ) Tj ET Q q 0 0 0 rg BT 212.48 358.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 237.35 358.20 Td (or ) Tj ET Q q 0 0 0 rg BT 246.22 358.20 Td (EUR ) Tj ET Q q 0 0 0 rg BT 271.54 358.20 Td (are ) Tj ET Q q 0 0 0 rg BT 283.51 358.20 Td (to ) Tj ET Q q 0 0 0 rg BT 291.95 358.20 Td (the ) Tj ET Q q 0 0 0 rg BT 303.93 358.20 Td (European ) Tj ET Q q 0 0 0 rg BT 336.79 358.20 Td (Union ) Tj ET Q q 0 0 0 rg BT 359.00 358.20 Td (Euro. ) Tj ET Q q 0 0 0 rg BT 378.61 358.20 Td (The ) Tj ET Q q 0 0 0 rg BT 393.25 358.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 425.67 358.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 442.98 358.20 Td (as ) Tj ET Q q 0 0 0 rg BT 451.86 358.20 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.84 358.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 506.92 358.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.92 358.20 Td ( ) Tj ET Q q 0 0 0 rg BT 525.13 358.20 Td (used ) Tj ET Q q 0 0 0 rg BT 542.00 358.20 Td (in ) Tj ET Q q 0 0 0 rg BT 550.44 358.20 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 348.60 Td (report ) Tj ET Q q 0 0 0 rg BT 71.10 348.60 Td (are ) Tj ET Q q 0 0 0 rg BT 82.87 348.60 Td (BGN/US$ ) Tj ET Q q 0 0 0 rg BT 118.21 348.60 Td (1.42; ) Tj ET Q q 0 0 0 rg BT 136.43 348.60 Td (CZK/US$ ) Tj ET Q q 0 0 0 rg BT 170.88 348.60 Td (19.89; ) Tj ET Q q 0 0 0 rg BT 193.10 348.60 Td (RON/US$ ) Tj ET Q q 0 0 0 rg BT 228.44 348.60 Td (3.26; ) Tj ET Q q 0 0 0 rg BT 246.66 348.60 Td (and ) Tj ET Q q 0 0 0 rg BT 260.21 348.60 Td (EUR/US$ ) Tj ET Q q 0 0 0 rg BT 294.66 348.60 Td (0.73.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 333.00 Td (As ) Tj ET Q q 0 0 0 rg BT 61.05 333.00 Td (used ) Tj ET Q q 0 0 0 rg BT 77.87 333.00 Td (herein, ) Tj ET Q q 0 0 0 rg BT 102.01 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.94 333.00 Td (term ) Tj ET Q q 0 0 0 rg BT 130.76 333.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 152.46 333.00 Td (Floating ) Tj ET Q q 0 0 0 rg BT 181.29 333.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 198.11 333.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.48 333.00 Td (refers ) Tj ET Q q 0 0 0 rg BT 242.84 333.00 Td (to ) Tj ET Q q 0 0 0 rg BT 251.22 333.00 Td (our ) Tj ET Q q 0 0 0 rg BT 264.04 333.00 Td (floating ) Tj ET Q q 0 0 0 rg BT 291.08 333.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 305.22 333.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 326.93 333.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 345.97 333.00 Td (due ) Tj ET Q q 0 0 0 rg BT 359.68 333.00 Td (2014; ) Tj ET Q q 0 0 0 rg BT 380.06 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 391.99 333.00 Td (term ) Tj ET Q q 0 0 0 rg BT 408.80 333.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 430.51 333.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 450.89 333.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 467.71 333.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 492.08 333.00 Td (refers ) Tj ET Q q 0 0 0 rg BT 512.44 333.00 Td (to ) Tj ET Q q 0 0 0 rg BT 520.82 333.00 Td (our ) Tj ET Q q 0 0 0 rg BT 533.64 333.00 Td (1) Tj ET Q q 0 0 0 rg BT 537.34 333.00 Td (1.625% ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 323.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 71.50 323.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 90.33 323.40 Td (due ) Tj ET Q q 0 0 0 rg BT 103.83 323.40 Td (2016; ) Tj ET Q q 0 0 0 rg BT 124.00 323.40 Td (the ) Tj ET Q q 0 0 0 rg BT 135.72 323.40 Td (term ) Tj ET Q q 0 0 0 rg BT 152.32 323.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 173.82 323.40 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 193.99 323.40 Td (Rate ) Tj ET Q q 0 0 0 rg BT 210.59 323.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 234.76 323.40 Td (refers ) Tj ET Q q 0 0 0 rg BT 254.91 323.40 Td (to ) Tj ET Q q 0 0 0 rg BT 263.08 323.40 Td (the ) Tj ET Q q 0 0 0 rg BT 274.80 323.40 Td (9.0% ) Tj ET Q q 0 0 0 rg BT 293.41 323.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 314.91 323.40 Td (secured ) Tj ET Q q 0 0 0 rg BT 341.28 323.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 360.11 323.40 Td (due ) Tj ET Q q 0 0 0 rg BT 373.61 323.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 391.56 323.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 413.50 323.40 Td (by ) Tj ET Q q 0 0 0 rg BT 423.45 323.40 Td (our ) Tj ET Q q 0 0 0 rg BT 436.06 323.40 Td (wholly ) Tj ET Q q 0 0 0 rg BT 460.23 323.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 483.50 323.40 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 515.87 323.40 Td (, ) Tj ET Q q 0 0 0 rg BT 519.82 323.40 Td (CET) Tj ET Q q 0 0 0 rg BT 534.78 323.40 Td ( ) Tj ET Q q 0 0 0 rg BT 536.73 323.40 Td (21 ) Tj ET Q q 0 0 0 rg BT 546.67 323.40 Td (spol. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 313.80 Td (s ) Tj ET Q q 0 0 0 rg BT 54.88 313.80 Td (r) Tj ET Q q 0 0 0 rg BT 57.10 313.80 Td (.o. ) Tj ET Q q 0 0 0 rg BT 66.86 313.80 Td (\(CET) Tj ET Q q 0 0 0 rg BT 88.04 313.80 Td ( ) Tj ET Q q 0 0 0 rg BT 89.80 313.80 Td (21\); ) Tj ET Q q 0 0 0 rg BT 108.00 313.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.54 313.80 Td (term ) Tj ET Q q 0 0 0 rg BT 135.96 313.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 162.16 313.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 186.14 313.80 Td (refers ) Tj ET Q q 0 0 0 rg BT 206.11 313.80 Td (collectively ) Tj ET Q q 0 0 0 rg BT 245.19 313.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.17 313.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.71 313.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 282.47 313.80 Td (Floating ) Tj ET Q q 0 0 0 rg BT 310.90 313.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 327.33 313.80 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 349.75 313.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 367.52 313.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 387.50 313.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 403.92 313.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 424.35 313.80 Td (and ) Tj ET Q q 0 0 0 rg BT 437.67 313.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 455.43 313.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 475.41 313.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 491.84 313.80 Td (Notes; ) Tj ET Q q 0 0 0 rg BT 514.49 313.80 Td (the ) Tj ET Q q 0 0 0 rg BT 526.02 313.80 Td (term ) Tj ET Q q 0 0 0 rg BT 542.44 313.80 Td (2015 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 304.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 89.54 304.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 113.53 304.20 Td (refers ) Tj ET Q q 0 0 0 rg BT 133.51 304.20 Td (to ) Tj ET Q q 0 0 0 rg BT 141.51 304.20 Td (our ) Tj ET Q q 0 0 0 rg BT 153.95 304.20 Td (5.0% ) Tj ET Q q 0 0 0 rg BT 172.39 304.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 193.71 304.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 231.47 304.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 250.13 304.20 Td (due ) Tj ET Q q 0 0 0 rg BT 263.46 304.20 Td (2015, ) Tj ET Q q 0 0 0 rg BT 283.23 304.20 Td (the ) Tj ET Q q 0 0 0 rg BT 294.78 304.20 Td (term ) Tj ET Q q 0 0 0 rg BT 311.22 304.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 332.54 304.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 372.08 304.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 396.07 304.20 Td (refers ) Tj ET Q q 0 0 0 rg BT 416.06 304.20 Td (to ) Tj ET Q q 0 0 0 rg BT 424.05 304.20 Td (our ) Tj ET Q q 0 0 0 rg BT 436.49 304.20 Td (3.5% ) Tj ET Q q 0 0 0 rg BT 454.93 304.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 476.25 304.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 514.01 304.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 532.67 304.20 Td (due ) Tj ET Q q 0 0 0 rg BT 546.00 304.20 Td (2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.64 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.51 294.60 Td (term ) Tj ET Q q 0 0 0 rg BT 92.26 294.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 135.67 294.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 159.98 294.60 Td (refers ) Tj ET Q q 0 0 0 rg BT 180.28 294.60 Td (collectively ) Tj ET Q q 0 0 0 rg BT 219.69 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.00 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.87 294.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 257.96 294.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 297.82 294.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 318.57 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.22 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 344.08 294.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 362.17 294.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 402.04 294.60 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 424.64 294.60 Td (The ) Tj ET Q q 0 0 0 rg BT 439.17 294.60 Td (term ) Tj ET Q q 0 0 0 rg BT 455.92 294.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 480.65 294.60 Td (A) Tj ET Q q 0 0 0 rg BT 485.99 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 488.08 294.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 519.93 294.60 Td (Share ) Tj ET Q q 0 0 0 rg BT 543.79 294.60 Td (refers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 285.00 Td (to ) Tj ET Q q 0 0 0 rg BT 58.00 285.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.55 285.00 Td (one ) Tj ET Q q 0 0 0 rg BT 82.87 285.00 Td (share ) Tj ET Q q 0 0 0 rg BT 101.53 285.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.97 285.00 Td (our ) Tj ET Q q 0 0 0 rg BT 122.41 285.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 143.34 285.00 Td (A) Tj ET Q q 0 0 0 rg BT 148.68 285.00 Td ( ) Tj ET Q q 0 0 0 rg BT 150.45 285.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 190.00 285.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 221.53 285.00 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 243.53 285.00 Td (par ) Tj ET Q q 0 0 0 rg BT 255.52 285.00 Td (value ) Tj ET Q q 0 0 0 rg BT 274.62 285.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.62 285.00 Td (0.08) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.62 285.00 Td ( ) Tj ET Q q 0 0 0 rg BT 306.40 285.00 Td (per ) Tj ET Q q 0 0 0 rg BT 318.39 285.00 Td (share, ) Tj ET Q q 0 0 0 rg BT 339.04 285.00 Td (held ) Tj ET Q q 0 0 0 rg BT 354.59 285.00 Td (by ) Tj ET Q q 0 0 0 rg BT 364.24 285.00 Td (T) Tj ET Q q 0 0 0 rg BT 368.84 285.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 382.48 285.00 Td (W) Tj ET Q q 0 0 0 rg BT 389.39 285.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 407.60 285.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 429.81 285.00 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 460.92 285.00 Td (B.V) Tj ET Q q 0 0 0 rg BT 473.01 285.00 Td (. ) Tj ET Q q 0 0 0 rg BT 476.78 285.00 Td (\(TW) Tj ET Q q 0 0 0 rg BT 495.29 285.00 Td ( ) Tj ET Q q 0 0 0 rg BT 497.06 285.00 Td (Investor\). ) Tj ET Q q 0 0 0 rg BT 533.14 285.00 Td (The ) Tj ET Q q 0 0 0 rg BT 547.35 285.00 Td (term ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 275.40 Td ("Series ) Tj ET Q q 0 0 0 rg BT 74.83 275.40 Td (B ) Tj ET Q q 0 0 0 rg BT 82.18 275.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 113.95 275.40 Td (Shares" ) Tj ET Q q 0 0 0 rg BT 140.55 275.40 Td (refers ) Tj ET Q q 0 0 0 rg BT 160.77 275.40 Td (to ) Tj ET Q q 0 0 0 rg BT 169.00 275.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.79 275.40 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 208.80 275.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.80 275.40 Td (of ) Tj ET Q q 0 0 0 rg BT 239.48 275.40 Td (our ) Tj ET Q q 0 0 0 rg BT 252.16 275.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 273.72 275.40 Td (B ) Tj ET Q q 0 0 0 rg BT 281.07 275.40 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 320.85 275.40 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 362.39 275.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 394.16 275.40 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 416.40 275.40 Td (par ) Tj ET Q q 0 0 0 rg BT 428.63 275.40 Td (value ) Tj ET Q q 0 0 0 rg BT 447.96 275.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 464.20 275.40 Td (0.08 ) Tj ET Q q 0 0 0 rg BT 480.21 275.40 Td (per ) Tj ET Q q 0 0 0 rg BT 492.44 275.40 Td (share, ) Tj ET Q q 0 0 0 rg BT 513.33 275.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 535.34 275.40 Td (June ) Tj ET Q q 0 0 0 rg BT 552.02 275.40 Td (25, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 265.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 68.00 265.85 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 265.85 Td (held ) Tj ET Q q 0 0 0 rg BT 97.32 265.85 Td (by ) Tj ET Q q 0 0 0 rg BT 107.18 265.85 Td (TW) Tj ET Q q 0 0 0 rg BT 119.47 265.85 Td ( ) Tj ET Q q 0 0 0 rg BT 121.47 265.85 Td (Investor) Tj ET Q q 0 0 0 rg BT 147.25 265.85 Td (.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 247.20 Td (Financing T) Tj ET Q q 0 0 0 rg BT 91.27 247.20 Td (ransactions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 231.60 Td (On ) Tj ET Q q 0 0 0 rg BT 60.94 231.60 Td (February ) Tj ET Q q 0 0 0 rg BT 90.99 231.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 102.16 231.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 121.32 231.60 Td (we ) Tj ET Q q 0 0 0 rg BT 131.82 231.60 Td (announced ) Tj ET Q q 0 0 0 rg BT 167.64 231.60 Td (our ) Tj ET Q q 0 0 0 rg BT 179.47 231.60 Td (intention ) Tj ET Q q 0 0 0 rg BT 209.08 231.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.47 231.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 242.96 231.60 Td (a ) Tj ET Q q 0 0 0 rg BT 247.68 231.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 267.07 231.60 Td (of) Tj ET Q q 0 0 0 rg BT 273.59 231.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 293.85 231.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 307.46 231.60 Td (Rights ) Tj ET Q q 0 0 0 rg BT 333.07 231.60 Td (Of) Tj ET Q q 0 0 0 rg BT 341.37 231.60 Td (fering\) ) Tj ET Q q 0 0 0 rg BT 367.85 231.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.57 231.60 Td (a ) Tj ET Q q 0 0 0 rg BT 385.29 231.60 Td (series ) Tj ET Q q 0 0 0 rg BT 404.67 231.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.50 231.60 Td (related ) Tj ET Q q 0 0 0 rg BT 435.43 231.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 466.81 231.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 506.18 231.60 Td (with ) Tj ET Q q 0 0 0 rg BT 521.49 231.60 Td (TW) Tj ET Q q 0 0 0 rg BT 533.78 231.60 Td (Investor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 222.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.23 222.00 Td (T) Tj ET Q q 0 0 0 rg BT 67.84 222.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 81.51 222.00 Td (W) Tj ET Q q 0 0 0 rg BT 88.42 222.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 106.66 222.00 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 120.69 222.00 Td (\(T) Tj ET Q q 0 0 0 rg BT 131.51 222.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 145.18 222.00 Td (W) Tj ET Q q 0 0 0 rg BT 152.09 222.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 173.88 222.00 Td (which, ) Tj ET Q q 0 0 0 rg BT 197.25 222.00 Td (unless ) Tj ET Q q 0 0 0 rg BT 219.06 222.00 Td (the ) Tj ET Q q 0 0 0 rg BT 230.64 222.00 Td (context ) Tj ET Q q 0 0 0 rg BT 256.00 222.00 Td (indicates ) Tj ET Q q 0 0 0 rg BT 286.24 222.00 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 321.15 222.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 349.49 222.00 Td (TW) Tj ET Q q 0 0 0 rg BT 361.79 222.00 Td ( ) Tj ET Q q 0 0 0 rg BT 363.60 222.00 Td (Investor ) Tj ET Q q 0 0 0 rg BT 391.62 222.00 Td (and ) Tj ET Q q 0 0 0 rg BT 404.98 222.00 Td (its ) Tj ET Q q 0 0 0 rg BT 414.35 222.00 Td (af) Tj ET Q q 0 0 0 rg BT 420.42 222.00 Td (filiates ) Tj ET Q q 0 0 0 rg BT 444.00 222.00 Td (other ) Tj ET Q q 0 0 0 rg BT 462.25 222.00 Td (than ) Tj ET Q q 0 0 0 rg BT 477.84 222.00 Td (the ) Tj ET Q q 0 0 0 rg BT 489.42 222.00 Td (Company\). ) Tj ET Q q 0 0 0 rg BT 526.87 222.00 Td (The ) Tj ET Q q 0 0 0 rg BT 541.12 222.00 Td (Rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 212.40 Td (Of) Tj ET Q q 0 0 0 rg BT 58.30 212.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 79.91 212.40 Td (and ) Tj ET Q q 0 0 0 rg BT 93.98 212.40 Td (related ) Tj ET Q q 0 0 0 rg BT 118.26 212.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 150.98 212.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 191.71 212.40 Td (are ) Tj ET Q q 0 0 0 rg BT 203.99 212.40 Td (being ) Tj ET Q q 0 0 0 rg BT 224.28 212.40 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 262.34 212.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 292.40 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 301.14 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 307.21 212.40 Td (framework ) Tj ET Q q 0 0 0 rg BT 344.82 212.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 380.64 212.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 395.60 212.40 Td (Framework ) Tj ET Q q 0 0 0 rg BT 437.99 212.40 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 482.26 212.40 Td (dated ) Tj ET Q q 0 0 0 rg BT 502.10 212.40 Td (February ) Tj ET Q q 0 0 0 rg BT 533.49 212.40 Td (28, ) Tj ET Q q 0 0 0 rg BT 546.01 212.40 Td (2014 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 202.85 Td (among ) Tj ET Q q 0 0 0 rg BT 73.77 202.85 Td (the ) Tj ET Q q 0 0 0 rg BT 85.55 202.85 Td (Company) Tj ET Q q 0 0 0 rg BT 116.14 202.85 Td (, ) Tj ET Q q 0 0 0 rg BT 119.99 202.85 Td (TW) Tj ET Q q 0 0 0 rg BT 132.29 202.85 Td ( ) Tj ET Q q 0 0 0 rg BT 134.29 202.85 Td (Investor ) Tj ET Q q 0 0 0 rg BT 162.50 202.85 Td (and ) Tj ET Q q 0 0 0 rg BT 175.91 202.85 Td (T) Tj ET Q q 0 0 0 rg BT 180.51 202.85 Td (ime ) Tj ET Q q 0 0 0 rg BT 194.36 202.85 Td (W) Tj ET Q q 0 0 0 rg BT 201.27 202.85 Td (arner) Tj ET Q q 0 0 0 rg BT 217.26 202.85 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 187.20 Td (As ) Tj ET Q q 0 0 0 rg BT 60.92 187.20 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 92.73 187.20 Td (in ) Tj ET Q q 0 0 0 rg BT 100.98 187.20 Td (the ) Tj ET Q q 0 0 0 rg BT 112.79 187.20 Td (Registration ) Tj ET Q q 0 0 0 rg BT 153.92 187.20 Td (Statement ) Tj ET Q q 0 0 0 rg BT 187.95 187.20 Td (on ) Tj ET Q q 0 0 0 rg BT 197.98 187.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 217.34 187.20 Td (S-3 ) Tj ET Q q 0 0 0 rg BT 230.49 187.20 Td (filed ) Tj ET Q q 0 0 0 rg BT 247.18 187.20 Td (by ) Tj ET Q q 0 0 0 rg BT 257.21 187.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.02 187.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.16 187.20 Td (on ) Tj ET Q q 0 0 0 rg BT 312.19 187.20 Td (February ) Tj ET Q q 0 0 0 rg BT 343.10 187.20 Td (28, ) Tj ET Q q 0 0 0 rg BT 355.13 187.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 373.16 187.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 387.63 187.20 Td (Registration ) Tj ET Q q 0 0 0 rg BT 432.32 187.20 Td (Statement\) ) Tj ET Q q 0 0 0 rg BT 472.55 187.20 Td (with ) Tj ET Q q 0 0 0 rg BT 488.81 187.20 Td (the ) Tj ET Q q 0 0 0 rg BT 500.61 187.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 516.87 187.20 Td (Securities ) Tj ET Q q 0 0 0 rg BT 550.45 187.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 177.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 83.43 177.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 125.78 177.60 Td (\(SEC\), ) Tj ET Q q 0 0 0 rg BT 156.77 177.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.43 177.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.43 177.60 Td (intends ) Tj ET Q q 0 0 0 rg BT 226.44 177.60 Td (to ) Tj ET Q q 0 0 0 rg BT 234.55 177.60 Td (distribute ) Tj ET Q q 0 0 0 rg BT 266.66 177.60 Td (non-transferable ) Tj ET Q q 0 0 0 rg BT 320.97 177.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 341.08 177.60 Td (\(Rights\) ) Tj ET Q q 0 0 0 rg BT 376.30 177.60 Td (at ) Tj ET Q q 0 0 0 rg BT 383.96 177.60 Td (no ) Tj ET Q q 0 0 0 rg BT 393.86 177.60 Td (char) Tj ET Q q 0 0 0 rg BT 407.48 177.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 416.92 177.60 Td (to ) Tj ET Q q 0 0 0 rg BT 425.03 177.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.70 177.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 462.14 177.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.70 177.60 Td (record ) Tj ET Q q 0 0 0 rg BT 493.02 177.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 504.24 177.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.79 177.60 Td (a ) Tj ET Q q 0 0 0 rg BT 518.24 177.60 Td (record ) Tj ET Q q 0 0 0 rg BT 540.56 177.60 Td (date ) Tj ET Q q 0 0 0 rg BT 555.77 177.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (be ) Tj ET Q q 0 0 0 rg BT 59.12 168.05 Td (determined\) ) Tj ET Q q 0 0 0 rg BT 99.34 168.05 Td (of ) Tj ET Q q 0 0 0 rg BT 107.58 168.05 Td (the ) Tj ET Q q 0 0 0 rg BT 118.92 168.05 Td (Company) Tj ET Q q 0 0 0 rg BT 152.25 168.05 Td (s ) Tj ET Q q 0 0 0 rg BT 156.94 168.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 195.84 168.05 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 206.29 168.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 227.86 168.05 Td (of ) Tj ET Q q 0 0 0 rg BT 236.09 168.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 254.65 168.05 Td (A) Tj ET Q q 0 0 0 rg BT 259.99 168.05 Td ( ) Tj ET Q q 0 0 0 rg BT 261.56 168.05 Td (Common ) Tj ET Q q 0 0 0 rg BT 292.91 168.05 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 314.71 168.05 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 325.60 168.05 Td (Series ) Tj ET Q q 0 0 0 rg BT 346.38 168.05 Td (A) Tj ET Q q 0 0 0 rg BT 351.72 168.05 Td ( ) Tj ET Q q 0 0 0 rg BT 353.29 168.05 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 384.62 168.05 Td (Share ) Tj ET Q q 0 0 0 rg BT 404.40 168.05 Td (\(allocated ) Tj ET Q q 0 0 0 rg BT 437.51 168.05 Td (on ) Tj ET Q q 0 0 0 rg BT 447.08 168.05 Td (an ) Tj ET Q q 0 0 0 rg BT 456.20 168.05 Td (as-converted ) Tj ET Q q 0 0 0 rg BT 498.64 168.05 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 518.88 168.05 Td (and ) Tj ET Q q 0 0 0 rg BT 532.00 168.05 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 542.45 168.05 Td (Series ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 158.40 Td (B ) Tj ET Q q 0 0 0 rg BT 57.34 158.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 89.09 158.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 112.42 158.40 Td (\(allocated ) Tj ET Q q 0 0 0 rg BT 145.96 158.40 Td (on ) Tj ET Q q 0 0 0 rg BT 155.96 158.40 Td (an ) Tj ET Q q 0 0 0 rg BT 165.51 158.40 Td (as-converted ) Tj ET Q q 0 0 0 rg BT 208.38 158.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 226.38 158.40 Td (as ) Tj ET Q q 0 0 0 rg BT 235.04 158.40 Td (of ) Tj ET Q q 0 0 0 rg BT 243.70 158.40 Td (December ) Tj ET Q q 0 0 0 rg BT 278.57 158.40 Td (25, ) Tj ET Q q 0 0 0 rg BT 290.57 158.40 Td (2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 142.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 142.85 Td (e ) Tj ET Q q 0 0 0 rg BT 62.41 142.85 Td (intend ) Tj ET Q q 0 0 0 rg BT 84.36 142.85 Td (for ) Tj ET Q q 0 0 0 rg BT 95.64 142.85 Td (each ) Tj ET Q q 0 0 0 rg BT 112.24 142.85 Td (Right ) Tj ET Q q 0 0 0 rg BT 131.97 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 140.15 142.85 Td (entitle ) Tj ET Q q 0 0 0 rg BT 162.09 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 173.82 142.85 Td (holder ) Tj ET Q q 0 0 0 rg BT 196.21 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 204.38 142.85 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 236.76 142.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 261.37 142.85 Td (to ) Tj ET Q q 0 0 0 rg BT 269.54 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 281.27 142.85 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 319.65 142.85 Td (of ) Tj ET Q q 0 0 0 rg BT 328.27 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 339.99 142.85 Td (minimum ) Tj ET Q q 0 0 0 rg BT 373.06 142.85 Td (subscription ) Tj ET Q q 0 0 0 rg BT 414.12 142.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 440.07 142.85 Td (\(as ) Tj ET Q q 0 0 0 rg BT 451.35 142.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 477.29 142.85 Td (below\), ) Tj ET Q q 0 0 0 rg BT 503.45 142.85 Td (at ) Tj ET Q q 0 0 0 rg BT 511.18 142.85 Td (the ) Tj ET Q q 0 0 0 rg BT 522.90 142.85 Td (subscription ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 133.20 Td (price ) Tj ET Q q 0 0 0 rg BT 67.67 133.20 Td (of ) Tj ET Q q 0 0 0 rg BT 76.02 133.20 Td (one ) Tj ET Q q 0 0 0 rg BT 89.25 133.20 Td (hundred ) Tj ET Q q 0 0 0 rg BT 117.14 133.20 Td (dollars ) Tj ET Q q 0 0 0 rg BT 140.60 133.20 Td (\(US$ ) Tj ET Q q 0 0 0 rg BT 159.17 133.20 Td (100.00\) ) Tj ET Q q 0 0 0 rg BT 185.52 133.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 199.64 133.20 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 245.31 133.20 Td (Price\), ) Tj ET Q q 0 0 0 rg BT 271.65 133.20 Td (one ) Tj ET Q q 0 0 0 rg BT 284.88 133.20 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 295.89 133.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 310.02 133.20 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 331.02 133.20 Td (a ) Tj ET Q q 0 0 0 rg BT 336.25 133.20 Td (Unit\), ) Tj ET Q q 0 0 0 rg BT 363.92 133.20 Td (consisting ) Tj ET Q q 0 0 0 rg BT 398.04 133.20 Td (of ) Tj ET Q q 0 0 0 rg BT 406.39 133.20 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 416.95 133.20 Td (a ) Tj ET Q q 0 0 0 rg BT 422.18 133.20 Td (15.0% ) Tj ET Q q 0 0 0 rg BT 444.53 133.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 467.10 133.20 Td (Secured ) Tj ET Q q 0 0 0 rg BT 494.54 133.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 511.78 133.20 Td (due ) Tj ET Q q 0 0 0 rg BT 525.01 133.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 542.69 133.20 Td (\(each, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 123.60 Td (a ) Tj ET Q q 0 0 0 rg BT 55.70 123.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 77.40 123.60 Td (PIK ) Tj ET Q q 0 0 0 rg BT 92.44 123.60 Td (Note\) ) Tj ET Q q 0 0 0 rg BT 116.36 123.60 Td (in ) Tj ET Q q 0 0 0 rg BT 124.73 123.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.66 123.60 Td (original ) Tj ET Q q 0 0 0 rg BT 163.69 123.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 194.27 123.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 220.42 123.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.23 123.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 245.61 123.60 Td (100.00 ) Tj ET Q q 0 0 0 rg BT 269.76 123.60 Td (and ) Tj ET Q q 0 0 0 rg BT 283.46 123.60 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 294.94 123.60 Td (21.167376 ) Tj ET Q q 0 0 0 rg BT 331.09 123.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 345.69 123.60 Td (warrants ) Tj ET Q q 0 0 0 rg BT 375.38 123.60 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 396.85 123.60 Td (a ) Tj ET Q q 0 0 0 rg BT 402.55 123.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 422.32 123.60 Td (W) Tj ET Q q 0 0 0 rg BT 429.23 123.60 Td (arrant\), ) Tj ET Q q 0 0 0 rg BT 458.25 123.60 Td (with ) Tj ET Q q 0 0 0 rg BT 474.62 123.60 Td (each ) Tj ET Q q 0 0 0 rg BT 491.42 123.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 507.64 123.60 Td (W) Tj ET Q q 0 0 0 rg BT 514.55 123.60 Td (arrant ) Tj ET Q q 0 0 0 rg BT 535.35 123.60 Td (entitling ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.95 114.00 Td (holder ) Tj ET Q q 0 0 0 rg BT 84.55 114.00 Td (to ) Tj ET Q q 0 0 0 rg BT 92.95 114.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 123.55 114.00 Td (one ) Tj ET Q q 0 0 0 rg BT 137.27 114.00 Td (share ) Tj ET Q q 0 0 0 rg BT 156.32 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 165.16 114.00 Td (the ) Tj ET Q q 0 0 0 rg BT 177.11 114.00 Td (Company) Tj ET Q q 0 0 0 rg BT 210.44 114.00 Td (s ) Tj ET Q q 0 0 0 rg BT 215.72 114.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 234.75 114.00 Td (A) Tj ET Q q 0 0 0 rg BT 240.09 114.00 Td ( ) Tj ET Q q 0 0 0 rg BT 242.26 114.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 274.21 114.00 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 296.61 114.00 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 340.54 114.00 Td (may ) Tj ET Q q 0 0 0 rg BT 356.49 114.00 Td (only ) Tj ET Q q 0 0 0 rg BT 372.88 114.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 403.49 114.00 Td (whole ) Tj ET Q q 0 0 0 rg BT 425.21 114.00 Td (Units ) Tj ET Q q 0 0 0 rg BT 444.72 114.00 Td (in ) Tj ET Q q 0 0 0 rg BT 453.11 114.00 Td (denominations ) Tj ET Q q 0 0 0 rg BT 502.39 114.00 Td (of ) Tj ET Q q 0 0 0 rg BT 511.22 114.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 527.62 114.00 Td (100.00 ) Tj ET Q q 0 0 0 rg BT 551.79 114.00 Td (per ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 104.40 Td (Unit ) Tj ET Q q 0 0 0 rg BT 66.04 104.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 80.29 104.40 Td (minimum ) Tj ET Q q 0 0 0 rg BT 116.77 104.40 Td (subscription ) Tj ET Q q 0 0 0 rg BT 157.69 104.40 Td (amount\). ) Tj ET Q q 0 0 0 rg BT 191.32 104.40 Td (As ) Tj ET Q q 0 0 0 rg BT 202.02 104.40 Td (a ) Tj ET Q q 0 0 0 rg BT 207.39 104.40 Td (result, ) Tj ET Q q 0 0 0 rg BT 228.97 104.40 Td (if ) Tj ET Q q 0 0 0 rg BT 235.68 104.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 277.92 104.40 Td (hold ) Tj ET Q q 0 0 0 rg BT 293.96 104.40 Td (fewer ) Tj ET Q q 0 0 0 rg BT 313.98 104.40 Td (than ) Tj ET Q q 0 0 0 rg BT 329.57 104.40 Td (62.5 ) Tj ET Q q 0 0 0 rg BT 345.38 104.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 367.19 104.40 Td (of ) Tj ET Q q 0 0 0 rg BT 375.67 104.40 Td (the ) Tj ET Q q 0 0 0 rg BT 387.25 104.40 Td (Company) Tj ET Q q 0 0 0 rg BT 420.59 104.40 Td (s ) Tj ET Q q 0 0 0 rg BT 425.51 104.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 444.26 104.40 Td (A) Tj ET Q q 0 0 0 rg BT 449.60 104.40 Td ( ) Tj ET Q q 0 0 0 rg BT 451.41 104.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 483.01 104.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 503.05 104.40 Td (on ) Tj ET Q q 0 0 0 rg BT 512.86 104.40 Td (the ) Tj ET Q q 0 0 0 rg BT 524.45 104.40 Td (record ) Tj ET Q q 0 0 0 rg BT 546.69 104.40 Td (date, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 94.80 Td (then ) Tj ET Q q 0 0 0 rg BT 65.87 94.80 Td (such ) Tj ET Q q 0 0 0 rg BT 82.63 94.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 125.15 94.80 Td (would ) Tj ET Q q 0 0 0 rg BT 147.25 94.80 Td (not ) Tj ET Q q 0 0 0 rg BT 159.57 94.80 Td (be ) Tj ET Q q 0 0 0 rg BT 169.21 94.80 Td (able ) Tj ET Q q 0 0 0 rg BT 184.63 94.80 Td (to ) Tj ET Q q 0 0 0 rg BT 192.95 94.80 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 215.94 94.80 Td (the ) Tj ET Q q 0 0 0 rg BT 227.80 94.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 261.01 94.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 302.22 94.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.31 94.80 Td (and ) Tj ET Q q 0 0 0 rg BT 341.96 94.80 Td (would ) Tj ET Q q 0 0 0 rg BT 364.05 94.80 Td (not ) Tj ET Q q 0 0 0 rg BT 376.37 94.80 Td (be ) Tj ET Q q 0 0 0 rg BT 386.02 94.80 Td (able ) Tj ET Q q 0 0 0 rg BT 401.44 94.80 Td (to ) Tj ET Q q 0 0 0 rg BT 409.76 94.80 Td (participate ) Tj ET Q q 0 0 0 rg BT 445.61 94.80 Td (in ) Tj ET Q q 0 0 0 rg BT 453.93 94.80 Td (the ) Tj ET Q q 0 0 0 rg BT 465.80 94.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 488.79 94.80 Td (Of) Tj ET Q q 0 0 0 rg BT 497.08 94.80 Td (fering. ) Tj ET Q q 0 0 0 rg BT 520.13 94.80 Td (T) Tj ET Q q 0 0 0 rg BT 524.74 94.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 538.68 94.80 Td (W) Tj ET Q q 0 0 0 rg BT 545.59 94.80 Td (arner ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 85.20 Td (has ) Tj ET Q q 0 0 0 rg BT 62.76 85.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 86.18 85.20 Td (to ) Tj ET Q q 0 0 0 rg BT 94.50 85.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 112.58 85.20 Td (into ) Tj ET Q q 0 0 0 rg BT 127.13 85.20 Td (a ) Tj ET Q q 0 0 0 rg BT 132.77 85.20 Td (standby ) Tj ET Q q 0 0 0 rg BT 159.76 85.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 190.29 85.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 225.70 85.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 240.23 85.20 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 274.29 85.20 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 318.15 85.20 Td (with ) Tj ET Q q 0 0 0 rg BT 334.47 85.20 Td (the ) Tj ET Q q 0 0 0 rg BT 346.34 85.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.54 85.20 Td (at ) Tj ET Q q 0 0 0 rg BT 387.42 85.20 Td (the ) Tj ET Q q 0 0 0 rg BT 399.29 85.20 Td (time ) Tj ET Q q 0 0 0 rg BT 415.60 85.20 Td (of ) Tj ET Q q 0 0 0 rg BT 424.37 85.20 Td (the ) Tj ET Q q 0 0 0 rg BT 436.24 85.20 Td (commencement ) Tj ET Q q 0 0 0 rg BT 488.98 85.20 Td (of ) Tj ET Q q 0 0 0 rg BT 497.74 85.20 Td (the ) Tj ET Q q 0 0 0 rg BT 509.61 85.20 Td (Rights ) Tj ET Q q 0 0 0 rg BT 532.60 85.20 Td (Of) Tj ET Q q 0 0 0 rg BT 540.90 85.20 Td (fering. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 75.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.97 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.73 75.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 114.15 75.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 153.53 75.60 Td (T) Tj ET Q q 0 0 0 rg BT 158.13 75.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 171.97 75.60 Td (W) Tj ET Q q 0 0 0 rg BT 178.88 75.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 197.29 75.60 Td (will ) Tj ET Q q 0 0 0 rg BT 211.72 75.60 Td (commit, ) Tj ET Q q 0 0 0 rg BT 240.14 75.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 264.78 75.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.99 75.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.74 75.60 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 323.16 75.60 Td (or ) Tj ET Q q 0 0 0 rg BT 331.80 75.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 355.55 75.60 Td (of ) Tj ET Q q 0 0 0 rg BT 364.19 75.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 387.94 75.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 425.25 75.60 Td (to ) Tj ET Q q 0 0 0 rg BT 433.45 75.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 461.64 75.60 Td (in ) Tj ET Q q 0 0 0 rg BT 469.84 75.60 Td (full ) Tj ET Q q 0 0 0 rg BT 482.93 75.60 Td (its ) Tj ET Q q 0 0 0 rg BT 492.47 75.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 533.56 75.60 Td (privilege ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 66.00 Td (in ) Tj ET Q q 0 0 0 rg BT 59.73 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 73.01 66.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 97.41 66.00 Td (Of) Tj ET Q q 0 0 0 rg BT 105.70 66.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 128.31 66.00 Td (and ) Tj ET Q q 0 0 0 rg BT 143.36 66.00 Td (to ) Tj ET Q q 0 0 0 rg BT 153.09 66.00 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 187.03 66.00 Td (576,968 ) Tj ET Q q 0 0 0 rg BT 216.53 66.00 Td (Units ) Tj ET Q q 0 0 0 rg BT 237.37 66.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 253.31 66.00 Td (TW) Tj ET Q q 0 0 0 rg BT 269.16 66.00 Td ( ) Tj ET Q q 0 0 0 rg BT 272.66 66.00 Td (Private ) Tj ET Q q 0 0 0 rg BT 298.83 66.00 Td (Placement ) Tj ET Q q 0 0 0 rg BT 335.65 66.00 Td (Units\) ) Tj ET Q q 0 0 0 rg BT 362.71 66.00 Td (at ) Tj ET Q q 0 0 0 rg BT 371.99 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.27 66.00 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 429.22 66.00 Td (Price ) Tj ET Q q 0 0 0 rg BT 449.16 66.00 Td (in ) Tj ET Q q 0 0 0 rg BT 458.89 66.00 Td (a ) Tj ET Q q 0 0 0 rg BT 465.94 66.00 Td (private ) Tj ET Q q 0 0 0 rg BT 491.66 66.00 Td (of) Tj ET Q q 0 0 0 rg BT 498.18 66.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 520.78 66.00 Td (to ) Tj ET Q q 0 0 0 rg BT 530.51 66.00 Td (be ) Tj ET Q q 0 0 0 rg BT 541.57 66.00 Td (closed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 56.40 Td (contemporaneously ) Tj ET Q q 0 0 0 rg BT 114.65 56.40 Td (with ) Tj ET Q q 0 0 0 rg BT 130.87 56.40 Td (the ) Tj ET Q q 0 0 0 rg BT 142.64 56.40 Td (Rights ) Tj ET Q q 0 0 0 rg BT 165.54 56.40 Td (Of) Tj ET Q q 0 0 0 rg BT 173.84 56.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 194.94 56.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 209.38 56.40 Td (TW) Tj ET Q q 0 0 0 rg BT 225.22 56.40 Td ( ) Tj ET Q q 0 0 0 rg BT 227.22 56.40 Td (Unit ) Tj ET Q q 0 0 0 rg BT 243.44 56.40 Td (Private ) Tj ET Q q 0 0 0 rg BT 268.10 56.40 Td (Placement\).) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.98 743.50 Td (total, ) Tj ET Q q 0 0 0 rg BT 77.52 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.61 743.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.04 743.50 Td (intends ) Tj ET Q q 0 0 0 rg BT 148.47 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 157.01 743.50 Td (of) Tj ET Q q 0 0 0 rg BT 163.53 743.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 174.73 743.50 Td (3,968,371 ) Tj ET Q q 0 0 0 rg BT 209.05 743.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 228.71 743.50 Td (in ) Tj ET Q q 0 0 0 rg BT 237.25 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 249.34 743.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 272.55 743.50 Td (Of) Tj ET Q q 0 0 0 rg BT 280.85 743.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 302.27 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 315.98 743.50 Td (TW) Tj ET Q q 0 0 0 rg BT 328.27 743.50 Td ( ) Tj ET Q q 0 0 0 rg BT 330.59 743.50 Td (Unit ) Tj ET Q q 0 0 0 rg BT 347.13 743.50 Td (Private ) Tj ET Q q 0 0 0 rg BT 372.11 743.50 Td (Placement, ) Tj ET Q q 0 0 0 rg BT 409.75 743.50 Td (consisting ) Tj ET Q q 0 0 0 rg BT 444.51 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 453.50 743.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 502.02 743.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 518.57 743.50 Td (396.8 ) Tj ET Q q 0 0 0 rg BT 538.89 743.50 Td (million ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 82.65 733.90 Td (original ) Tj ET Q q 0 0 0 rg BT 109.08 733.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 139.07 733.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 164.63 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.84 733.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 190.40 733.90 Td (PIK ) Tj ET Q q 0 0 0 rg BT 204.85 733.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 225.07 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 238.17 733.90 Td (Unit ) Tj ET Q q 0 0 0 rg BT 253.84 733.90 Td (W) Tj ET Q q 0 0 0 rg BT 260.75 733.90 Td (arrants ) Tj ET Q q 0 0 0 rg BT 284.07 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 291.85 733.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 321.83 733.90 Td (a ) Tj ET Q q 0 0 0 rg BT 326.94 733.90 Td (total ) Tj ET Q q 0 0 0 rg BT 342.71 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 350.93 733.90 Td (84,000,000 ) Tj ET Q q 0 0 0 rg BT 388.49 733.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 410.04 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 418.26 733.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 436.81 733.90 Td (A) Tj ET Q q 0 0 0 rg BT 442.14 733.90 Td ( ) Tj ET Q q 0 0 0 rg BT 443.70 733.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 475.03 733.90 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 496.70 733.90 Td (The ) Tj ET Q q 0 0 0 rg BT 510.69 733.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 533.14 733.90 Td (allocated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 58.04 724.30 Td (T) Tj ET Q q 0 0 0 rg BT 62.65 724.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 76.46 724.30 Td (W) Tj ET Q q 0 0 0 rg BT 83.37 724.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 101.76 724.30 Td (in ) Tj ET Q q 0 0 0 rg BT 109.94 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 121.68 724.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 144.53 724.30 Td (Of) Tj ET Q q 0 0 0 rg BT 152.83 724.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 173.89 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 187.40 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 198.99 724.30 Td (TW) Tj ET Q q 0 0 0 rg BT 211.29 724.30 Td ( ) Tj ET Q q 0 0 0 rg BT 213.25 724.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 237.87 724.30 Td (Placement ) Tj ET Q q 0 0 0 rg BT 273.15 724.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 292.44 724.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 323.72 724.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 371.88 724.30 Td (70% ) Tj ET Q q 0 0 0 rg BT 388.51 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 397.13 724.30 Td (all ) Tj ET Q q 0 0 0 rg BT 407.09 724.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 426.38 724.30 Td (that ) Tj ET Q q 0 0 0 rg BT 440.34 724.30 Td (will ) Tj ET Q q 0 0 0 rg BT 454.75 724.30 Td (be ) Tj ET Q q 0 0 0 rg BT 464.26 724.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 486.22 724.30 Td (by ) Tj ET Q q 0 0 0 rg BT 496.18 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 507.91 724.30 Td (Company) Tj ET Q q 0 0 0 rg BT 538.50 724.30 Td (, ) Tj ET Q q 0 0 0 rg BT 542.46 724.30 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (T) Tj ET Q q 0 0 0 rg BT 54.61 714.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 68.48 714.70 Td (W) Tj ET Q q 0 0 0 rg BT 75.39 714.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 93.84 714.70 Td (is ) Tj ET Q q 0 0 0 rg BT 101.20 714.70 Td (obligated ) Tj ET Q q 0 0 0 rg BT 132.99 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.24 714.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 171.69 714.70 Td (under ) Tj ET Q q 0 0 0 rg BT 191.93 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.73 714.70 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 234.18 714.70 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 273.60 714.70 Td (The ) Tj ET Q q 0 0 0 rg BT 288.06 714.70 Td (number ) Tj ET Q q 0 0 0 rg BT 314.52 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 323.21 714.70 Td (Units ) Tj ET Q q 0 0 0 rg BT 342.57 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 356.14 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 367.94 714.70 Td (number ) Tj ET Q q 0 0 0 rg BT 394.40 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 403.09 714.70 Td (Unit ) Tj ET Q q 0 0 0 rg BT 419.19 714.70 Td (W) Tj ET Q q 0 0 0 rg BT 426.10 714.70 Td (arrants ) Tj ET Q q 0 0 0 rg BT 449.89 714.70 Td (per ) Tj ET Q q 0 0 0 rg BT 462.13 714.70 Td (Unit ) Tj ET Q q 0 0 0 rg BT 478.37 714.70 Td (is ) Tj ET Q q 0 0 0 rg BT 485.73 714.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.42 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 518.66 714.70 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 555.79 714.70 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 705.10 Td (event ) Tj ET Q q 0 0 0 rg BT 81.10 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.76 705.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 117.53 705.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.75 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.52 705.10 Td (number ) Tj ET Q q 0 0 0 rg BT 163.96 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.63 705.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 211.96 705.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.95 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.61 705.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.28 705.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 274.17 705.10 Td (A) Tj ET Q q 0 0 0 rg BT 279.51 705.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.51 705.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 313.29 705.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 333.51 705.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.18 705.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.40 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.17 705.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 397.04 705.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 429.25 705.10 Td (rate.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.69 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 83.15 689.50 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 113.35 689.50 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 152.46 689.50 Td (T) Tj ET Q q 0 0 0 rg BT 157.07 689.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 170.64 689.50 Td (W) Tj ET Q q 0 0 0 rg BT 177.55 689.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 195.67 689.50 Td (will ) Tj ET Q q 0 0 0 rg BT 209.81 689.50 Td (also ) Tj ET Q q 0 0 0 rg BT 224.39 689.50 Td (commit ) Tj ET Q q 0 0 0 rg BT 250.53 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 258.45 689.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 288.57 689.50 Td (at ) Tj ET Q q 0 0 0 rg BT 296.04 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.50 689.50 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 349.64 689.50 Td (Price ) Tj ET Q q 0 0 0 rg BT 367.78 689.50 Td (in ) Tj ET Q q 0 0 0 rg BT 375.69 689.50 Td (a ) Tj ET Q q 0 0 0 rg BT 380.94 689.50 Td (separate ) Tj ET Q q 0 0 0 rg BT 408.84 689.50 Td (private ) Tj ET Q q 0 0 0 rg BT 432.74 689.50 Td (of) Tj ET Q q 0 0 0 rg BT 439.26 689.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 460.06 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 467.97 689.50 Td (be ) Tj ET Q q 0 0 0 rg BT 477.22 689.50 Td (closed ) Tj ET Q q 0 0 0 rg BT 499.35 689.50 Td (contemporaneously ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.90 Td (with ) Tj ET Q q 0 0 0 rg BT 66.50 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 78.55 679.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 101.72 679.90 Td (Of) Tj ET Q q 0 0 0 rg BT 110.01 679.90 Td (fering ) Tj ET Q q 0 0 0 rg BT 131.39 679.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 146.10 679.90 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 181.70 679.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 206.64 679.90 Td (Placement\) ) Tj ET Q q 0 0 0 rg BT 248.45 679.90 Td (any ) Tj ET Q q 0 0 0 rg BT 262.28 679.90 Td (Units ) Tj ET Q q 0 0 0 rg BT 281.89 679.90 Td (that ) Tj ET Q q 0 0 0 rg BT 296.16 679.90 Td (are ) Tj ET Q q 0 0 0 rg BT 308.20 679.90 Td (not ) Tj ET Q q 0 0 0 rg BT 320.70 679.90 Td (purchased ) Tj ET Q q 0 0 0 rg BT 355.40 679.90 Td (through ) Tj ET Q q 0 0 0 rg BT 382.56 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 394.61 679.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 423.09 679.90 Td (of ) Tj ET Q q 0 0 0 rg BT 432.03 679.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 455.20 679.90 Td (in ) Tj ET Q q 0 0 0 rg BT 463.70 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 475.75 679.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 498.92 679.90 Td (Of) Tj ET Q q 0 0 0 rg BT 507.21 679.90 Td (fering. ) Tj ET Q q 0 0 0 rg BT 530.43 679.90 Td (The ) Tj ET Q q 0 0 0 rg BT 545.14 679.90 Td (exact ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.29 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 83.25 670.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 101.88 670.30 Td (to ) Tj ET Q q 0 0 0 rg BT 109.40 670.30 Td (be ) Tj ET Q q 0 0 0 rg BT 118.24 670.30 Td (purchased ) Tj ET Q q 0 0 0 rg BT 151.97 670.30 Td (by ) Tj ET Q q 0 0 0 rg BT 161.17 670.30 Td (T) Tj ET Q q 0 0 0 rg BT 165.78 670.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 178.97 670.30 Td (W) Tj ET Q q 0 0 0 rg BT 185.88 670.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 203.61 670.30 Td (in ) Tj ET Q q 0 0 0 rg BT 211.13 670.30 Td (the ) Tj ET Q q 0 0 0 rg BT 222.19 670.30 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 253.26 670.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 277.22 670.30 Td (Placement ) Tj ET Q q 0 0 0 rg BT 311.83 670.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 325.56 670.30 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 360.18 670.30 Td (Units\) ) Tj ET Q q 0 0 0 rg BT 385.03 670.30 Td (will ) Tj ET Q q 0 0 0 rg BT 398.77 670.30 Td (vary ) Tj ET Q q 0 0 0 rg BT 414.28 670.30 Td (depending ) Tj ET Q q 0 0 0 rg BT 448.90 670.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 466.19 670.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.26 670.30 Td (number ) Tj ET Q q 0 0 0 rg BT 502.99 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 510.95 670.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 529.58 670.30 Td (purchased ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.70 Td (through ) Tj ET Q q 0 0 0 rg BT 77.40 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 89.69 660.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 118.40 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 127.58 660.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 150.99 660.70 Td (in ) Tj ET Q q 0 0 0 rg BT 159.72 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 172.01 660.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 195.41 660.70 Td (Of) Tj ET Q q 0 0 0 rg BT 203.71 660.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 225.33 660.70 Td (by ) Tj ET Q q 0 0 0 rg BT 235.84 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.12 660.70 Td (participating ) Tj ET Q q 0 0 0 rg BT 291.07 660.70 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 334.01 660.70 Td (\(other ) Tj ET Q q 0 0 0 rg BT 355.62 660.70 Td (than ) Tj ET Q q 0 0 0 rg BT 371.73 660.70 Td (T) Tj ET Q q 0 0 0 rg BT 376.33 660.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 390.66 660.70 Td (W) Tj ET Q q 0 0 0 rg BT 397.57 660.70 Td (arner\). ) Tj ET Q q 0 0 0 rg BT 421.18 660.70 Td (If ) Tj ET Q q 0 0 0 rg BT 429.02 660.70 Td (no ) Tj ET Q q 0 0 0 rg BT 439.53 660.70 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 479.36 660.70 Td (\(other ) Tj ET Q q 0 0 0 rg BT 500.97 660.70 Td (than ) Tj ET Q q 0 0 0 rg BT 517.08 660.70 Td (T) Tj ET Q q 0 0 0 rg BT 521.68 660.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 536.01 660.70 Td (W) Tj ET Q q 0 0 0 rg BT 542.92 660.70 Td (arner\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 83.24 651.10 Td (any ) Tj ET Q q 0 0 0 rg BT 96.49 651.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 115.53 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.45 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 651.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 157.52 651.10 Td (Of) Tj ET Q q 0 0 0 rg BT 165.81 651.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 188.49 651.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.10 651.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 206.67 651.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.58 651.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 231.71 651.10 Td (would ) Tj ET Q q 0 0 0 rg BT 253.41 651.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 283.54 651.10 Td (all ) Tj ET Q q 0 0 0 rg BT 293.23 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.59 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.07 651.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 332.10 651.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.62 651.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 356.75 651.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.45 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.92 651.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.73 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.65 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.13 651.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 452.72 651.10 Td (Of) Tj ET Q q 0 0 0 rg BT 461.02 651.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 481.82 651.10 Td (as ) Tj ET Q q 0 0 0 rg BT 490.18 651.10 Td (well ) Tj ET Q q 0 0 0 rg BT 505.65 651.10 Td (as ) Tj ET Q q 0 0 0 rg BT 514.02 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.37 651.10 Td (TW) Tj ET Q q 0 0 0 rg BT 537.66 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.36 651.10 Td (Private ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.50 Td (Placement ) Tj ET Q q 0 0 0 rg BT 85.47 641.50 Td (Units, ) Tj ET Q q 0 0 0 rg BT 106.95 641.50 Td (following ) Tj ET Q q 0 0 0 rg BT 140.21 641.50 Td (which ) Tj ET Q q 0 0 0 rg BT 161.90 641.50 Td (its ) Tj ET Q q 0 0 0 rg BT 171.61 641.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 204.85 641.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 240.33 641.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 266.02 641.50 Td (in ) Tj ET Q q 0 0 0 rg BT 274.39 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 286.31 641.50 Td (Company) Tj ET Q q 0 0 0 rg BT 319.64 641.50 Td (s ) Tj ET Q q 0 0 0 rg BT 324.90 641.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 343.91 641.50 Td (A) Tj ET Q q 0 0 0 rg BT 349.25 641.50 Td ( ) Tj ET Q q 0 0 0 rg BT 351.39 641.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 383.32 641.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 403.69 641.50 Td (would ) Tj ET Q q 0 0 0 rg BT 425.83 641.50 Td (be ) Tj ET Q q 0 0 0 rg BT 435.53 641.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 483.89 641.50 Td (78.5% ) Tj ET Q q 0 0 0 rg BT 506.70 641.50 Td (on ) Tj ET Q q 0 0 0 rg BT 516.84 641.50 Td (a ) Tj ET Q q 0 0 0 rg BT 522.54 641.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 539.80 641.50 Td (diluted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 631.90 Td (basis.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 616.30 Td (Also ) Tj ET Q q 0 0 0 rg BT 67.51 616.30 Td (on ) Tj ET Q q 0 0 0 rg BT 77.91 616.30 Td (February ) Tj ET Q q 0 0 0 rg BT 109.19 616.30 Td (28, ) Tj ET Q q 0 0 0 rg BT 121.59 616.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 141.98 616.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.16 616.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.66 616.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 213.60 616.30 Td (into ) Tj ET Q q 0 0 0 rg BT 228.45 616.30 Td (a ) Tj ET Q q 0 0 0 rg BT 234.39 616.30 Td (term ) Tj ET Q q 0 0 0 rg BT 251.45 616.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 267.63 616.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 288.23 616.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 323.95 616.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 338.78 616.30 Td (T) Tj ET Q q 0 0 0 rg BT 346.94 616.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 361.16 616.30 Td (W) Tj ET Q q 0 0 0 rg BT 368.07 616.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 386.72 616.30 Td (T) Tj ET Q q 0 0 0 rg BT 391.05 616.30 Td (erm ) Tj ET Q q 0 0 0 rg BT 405.89 616.30 Td (Loan ) Tj ET Q q 0 0 0 rg BT 424.19 616.30 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 468.35 616.30 Td (with ) Tj ET Q q 0 0 0 rg BT 484.79 616.30 Td (T) Tj ET Q q 0 0 0 rg BT 489.40 616.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 503.62 616.30 Td (W) Tj ET Q q 0 0 0 rg BT 510.53 616.30 Td (arner) Tj ET Q q 0 0 0 rg BT 526.52 616.30 Td (. ) Tj ET Q q 0 0 0 rg BT 530.74 616.30 Td (The ) Tj ET Q q 0 0 0 rg BT 545.41 616.30 Td (T) Tj ET Q q 0 0 0 rg BT 550.01 616.30 Td (ime ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 606.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 606.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 74.78 606.70 Td (T) Tj ET Q q 0 0 0 rg BT 79.11 606.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 93.11 606.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 110.76 606.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 147.86 606.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 176.96 606.70 Td (that ) Tj ET Q q 0 0 0 rg BT 190.41 606.70 Td (T) Tj ET Q q 0 0 0 rg BT 195.01 606.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 208.45 606.70 Td (W) Tj ET Q q 0 0 0 rg BT 215.36 606.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 233.35 606.70 Td (will ) Tj ET Q q 0 0 0 rg BT 247.35 606.70 Td (make, ) Tj ET Q q 0 0 0 rg BT 268.23 606.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 292.45 606.70 Td (to ) Tj ET Q q 0 0 0 rg BT 300.23 606.70 Td (the ) Tj ET Q q 0 0 0 rg BT 311.56 606.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 346.45 606.70 Td (therein, ) Tj ET Q q 0 0 0 rg BT 372.22 606.70 Td (a ) Tj ET Q q 0 0 0 rg BT 377.33 606.70 Td (term ) Tj ET Q q 0 0 0 rg BT 393.55 606.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 408.88 606.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 422.87 606.70 Td (T) Tj ET Q q 0 0 0 rg BT 431.03 606.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 444.47 606.70 Td (W) Tj ET Q q 0 0 0 rg BT 451.38 606.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 469.26 606.70 Td (T) Tj ET Q q 0 0 0 rg BT 473.58 606.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 487.58 606.70 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 511.79 606.70 Td (to ) Tj ET Q q 0 0 0 rg BT 519.57 606.70 Td (the ) Tj ET Q q 0 0 0 rg BT 530.90 606.70 Td (Company ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (as ) Tj ET Q q 0 0 0 rg BT 58.53 597.10 Td (follows: ) Tj ET Q q 0 0 0 rg BT 86.62 597.10 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 97.81 597.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.89 597.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.53 597.10 Td (event ) Tj ET Q q 0 0 0 rg BT 136.72 597.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.25 597.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.89 597.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 181.86 597.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.39 597.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.03 597.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 224.79 597.10 Td (Of) Tj ET Q q 0 0 0 rg BT 233.08 597.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 256.05 597.10 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 287.69 597.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 312.21 597.10 Td (Placement ) Tj ET Q q 0 0 0 rg BT 347.39 597.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.67 597.10 Td (TW) Tj ET Q q 0 0 0 rg BT 372.97 597.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.83 597.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 390.92 597.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 415.44 597.10 Td (Placement ) Tj ET Q q 0 0 0 rg BT 450.63 597.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 468.04 597.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.13 597.10 Td (May ) Tj ET Q q 0 0 0 rg BT 492.66 597.10 Td (29, ) Tj ET Q q 0 0 0 rg BT 504.52 597.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 522.39 597.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 536.69 597.10 Td (Bridge ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 587.50 Td (Date\), ) Tj ET Q q 0 0 0 rg BT 75.46 587.50 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 118.03 587.50 Td (with ) Tj ET Q q 0 0 0 rg BT 134.40 587.50 Td (that ) Tj ET Q q 0 0 0 rg BT 148.54 587.50 Td (closing, ) Tj ET Q q 0 0 0 rg BT 175.64 587.50 Td (T) Tj ET Q q 0 0 0 rg BT 180.24 587.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 194.23 587.50 Td (W) Tj ET Q q 0 0 0 rg BT 201.14 587.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 219.71 587.50 Td (will ) Tj ET Q q 0 0 0 rg BT 234.30 587.50 Td (make ) Tj ET Q q 0 0 0 rg BT 253.77 587.50 Td (a ) Tj ET Q q 0 0 0 rg BT 259.47 587.50 Td (term ) Tj ET Q q 0 0 0 rg BT 276.27 587.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 292.19 587.50 Td (to ) Tj ET Q q 0 0 0 rg BT 300.56 587.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.48 587.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 345.73 587.50 Td (in ) Tj ET Q q 0 0 0 rg BT 354.10 587.50 Td (the ) Tj ET Q q 0 0 0 rg BT 366.01 587.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 399.25 587.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 429.83 587.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 455.97 587.50 Td (of ) Tj ET Q q 0 0 0 rg BT 464.78 587.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 481.15 587.50 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 497.29 587.50 Td (million ) Tj ET Q q 0 0 0 rg BT 522.55 587.50 Td (that ) Tj ET Q q 0 0 0 rg BT 536.69 587.50 Td (matures ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 577.90 Td (on ) Tj ET Q q 0 0 0 rg BT 60.15 577.90 Td (December ) Tj ET Q q 0 0 0 rg BT 95.16 577.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 103.30 577.90 Td (2017, ) Tj ET Q q 0 0 0 rg BT 123.45 577.90 Td (or ) Tj ET Q q 0 0 0 rg BT 132.26 577.90 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 143.73 577.90 Td (if ) Tj ET Q q 0 0 0 rg BT 150.76 577.90 Td (the ) Tj ET Q q 0 0 0 rg BT 162.68 577.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 185.72 577.90 Td (Of) Tj ET Q q 0 0 0 rg BT 194.02 577.90 Td (fering, ) Tj ET Q q 0 0 0 rg BT 217.27 577.90 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 249.19 577.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 273.99 577.90 Td (Placement ) Tj ET Q q 0 0 0 rg BT 309.46 577.90 Td (and ) Tj ET Q q 0 0 0 rg BT 323.00 577.90 Td (TW) Tj ET Q q 0 0 0 rg BT 335.29 577.90 Td ( ) Tj ET Q q 0 0 0 rg BT 337.44 577.90 Td (Unit ) Tj ET Q q 0 0 0 rg BT 353.81 577.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 378.61 577.90 Td (Placement ) Tj ET Q q 0 0 0 rg BT 414.08 577.90 Td (are ) Tj ET Q q 0 0 0 rg BT 425.99 577.90 Td (not ) Tj ET Q q 0 0 0 rg BT 438.36 577.90 Td (closed ) Tj ET Q q 0 0 0 rg BT 460.94 577.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 478.64 577.90 Td (to ) Tj ET Q q 0 0 0 rg BT 487.00 577.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.92 577.90 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 522.84 577.90 Td (Date, ) Tj ET Q q 0 0 0 rg BT 542.09 577.90 Td (on ) Tj ET Q q 0 0 0 rg BT 552.23 577.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 568.30 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 74.34 568.30 Td (Date, ) Tj ET Q q 0 0 0 rg BT 93.82 568.30 Td (T) Tj ET Q q 0 0 0 rg BT 98.43 568.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 112.81 568.30 Td (W) Tj ET Q q 0 0 0 rg BT 119.72 568.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 138.71 568.30 Td (will ) Tj ET Q q 0 0 0 rg BT 153.73 568.30 Td (make ) Tj ET Q q 0 0 0 rg BT 173.62 568.30 Td (a ) Tj ET Q q 0 0 0 rg BT 179.74 568.30 Td (term ) Tj ET Q q 0 0 0 rg BT 196.96 568.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 213.31 568.30 Td (to ) Tj ET Q q 0 0 0 rg BT 222.10 568.30 Td (the ) Tj ET Q q 0 0 0 rg BT 234.44 568.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.11 568.30 Td (in ) Tj ET Q q 0 0 0 rg BT 276.90 568.30 Td (the ) Tj ET Q q 0 0 0 rg BT 289.24 568.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 322.90 568.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 353.90 568.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.47 568.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 400.36 568.30 Td (to ) Tj ET Q q 0 0 0 rg BT 409.15 568.30 Td (the ) Tj ET Q q 0 0 0 rg BT 421.49 568.30 Td (sum ) Tj ET Q q 0 0 0 rg BT 437.39 568.30 Td (of ) Tj ET Q q 0 0 0 rg BT 446.62 568.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 456.74 568.30 Td (the ) Tj ET Q q 0 0 0 rg BT 469.08 568.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 485.88 568.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 507.10 568.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 542.99 568.30 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 568.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 558.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 82.50 558.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 112.35 558.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 137.76 558.70 Td (of ) Tj ET Q q 0 0 0 rg BT 145.84 558.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.03 558.70 Td (our ) Tj ET Q q 0 0 0 rg BT 169.11 558.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 186.52 558.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 206.16 558.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 222.23 558.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 242.31 558.70 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 283.05 558.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 297.80 558.70 Td (the ) Tj ET Q q 0 0 0 rg BT 308.99 558.70 Td (early ) Tj ET Q q 0 0 0 rg BT 326.39 558.70 Td (redemption ) Tj ET Q q 0 0 0 rg BT 364.24 558.70 Td (premium ) Tj ET Q q 0 0 0 rg BT 394.54 558.70 Td (thereon ) Tj ET Q q 0 0 0 rg BT 419.94 558.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 446.23 558.70 Td (to ) Tj ET Q q 0 0 0 rg BT 453.87 558.70 Td (the ) Tj ET Q q 0 0 0 rg BT 465.05 558.70 Td (holders ) Tj ET Q q 0 0 0 rg BT 490.02 558.70 Td (thereof ) Tj ET Q q 0 0 0 rg BT 514.09 558.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 531.50 558.70 Td (dischar) Tj ET Q q 0 0 0 rg BT 554.46 558.70 Td (ge ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.50 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.11 549.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 87.94 549.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 108.00 549.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 124.49 549.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 144.99 549.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 159.26 549.10 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 203.74 549.10 Td (Portion ) Tj ET Q q 0 0 0 rg BT 229.13 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.63 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.11 549.10 Td (T) Tj ET Q q 0 0 0 rg BT 253.44 549.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 267.71 549.10 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 292.19 549.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 307.36 549.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 318.97 549.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 335.03 549.10 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 350.87 549.10 Td (million ) Tj ET Q q 0 0 0 rg BT 375.81 549.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.64 549.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 416.80 549.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.64 549.10 Td (September ) Tj ET Q q 0 0 0 rg BT 462.68 549.10 Td (8, ) Tj ET Q q 0 0 0 rg BT 470.51 549.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 488.35 549.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 502.62 549.10 Td (Initial ) Tj ET Q q 0 0 0 rg BT 526.98 549.10 Td (T) Tj ET Q q 0 0 0 rg BT 531.31 549.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 545.58 549.10 Td (Loan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 539.50 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 79.88 539.50 Td (Date\). ) Tj ET Q q 0 0 0 rg BT 105.08 539.50 Td (In ) Tj ET Q q 0 0 0 rg BT 113.63 539.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.29 539.50 Td (event ) Tj ET Q q 0 0 0 rg BT 144.50 539.50 Td (that ) Tj ET Q q 0 0 0 rg BT 158.38 539.50 Td (the ) Tj ET Q q 0 0 0 rg BT 170.04 539.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 192.82 539.50 Td (Of) Tj ET Q q 0 0 0 rg BT 201.12 539.50 Td (fering, ) Tj ET Q q 0 0 0 rg BT 224.11 539.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.77 539.50 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 267.43 539.50 Td (Private ) Tj ET Q q 0 0 0 rg BT 291.97 539.50 Td (Placement ) Tj ET Q q 0 0 0 rg BT 327.18 539.50 Td (and ) Tj ET Q q 0 0 0 rg BT 340.48 539.50 Td (TW) Tj ET Q q 0 0 0 rg BT 352.77 539.50 Td ( ) Tj ET Q q 0 0 0 rg BT 354.66 539.50 Td (Unit ) Tj ET Q q 0 0 0 rg BT 370.77 539.50 Td (Private ) Tj ET Q q 0 0 0 rg BT 395.31 539.50 Td (Placement ) Tj ET Q q 0 0 0 rg BT 430.52 539.50 Td (are ) Tj ET Q q 0 0 0 rg BT 442.17 539.50 Td (closed ) Tj ET Q q 0 0 0 rg BT 464.49 539.50 Td (after ) Tj ET Q q 0 0 0 rg BT 481.03 539.50 Td (the ) Tj ET Q q 0 0 0 rg BT 492.69 539.50 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 516.35 539.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 533.34 539.50 Td (but ) Tj ET Q q 0 0 0 rg BT 545.44 539.50 Td (on ) Tj ET Q q 0 0 0 rg BT 555.33 539.50 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 529.90 Td (before ) Tj ET Q q 0 0 0 rg BT 72.52 529.90 Td (the ) Tj ET Q q 0 0 0 rg BT 84.39 529.90 Td (Initial ) Tj ET Q q 0 0 0 rg BT 105.43 529.90 Td (T) Tj ET Q q 0 0 0 rg BT 109.76 529.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 124.29 529.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 142.82 529.90 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 172.91 529.90 Td (Date, ) Tj ET Q q 0 0 0 rg BT 192.10 529.90 Td (the ) Tj ET Q q 0 0 0 rg BT 203.97 529.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 234.49 529.90 Td (from ) Tj ET Q q 0 0 0 rg BT 252.13 529.90 Td (the ) Tj ET Q q 0 0 0 rg BT 264.00 529.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 286.98 529.90 Td (Of) Tj ET Q q 0 0 0 rg BT 295.28 529.90 Td (fering, ) Tj ET Q q 0 0 0 rg BT 318.47 529.90 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 350.34 529.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 375.09 529.90 Td (Placement ) Tj ET Q q 0 0 0 rg BT 410.50 529.90 Td (and ) Tj ET Q q 0 0 0 rg BT 423.99 529.90 Td (TW) Tj ET Q q 0 0 0 rg BT 436.29 529.90 Td ( ) Tj ET Q q 0 0 0 rg BT 438.38 529.90 Td (Unit ) Tj ET Q q 0 0 0 rg BT 454.69 529.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 479.44 529.90 Td (Placement ) Tj ET Q q 0 0 0 rg BT 514.86 529.90 Td (will ) Tj ET Q q 0 0 0 rg BT 529.39 529.90 Td (be ) Tj ET Q q 0 0 0 rg BT 539.04 529.90 Td (used ) Tj ET Q q 0 0 0 rg BT 555.79 529.90 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 520.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 69.71 520.30 Td (the ) Tj ET Q q 0 0 0 rg BT 81.43 520.30 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 122.48 520.30 Td (Portion ) Tj ET Q q 0 0 0 rg BT 147.98 520.30 Td (of ) Tj ET Q q 0 0 0 rg BT 156.60 520.30 Td (the ) Tj ET Q q 0 0 0 rg BT 168.18 520.30 Td (T) Tj ET Q q 0 0 0 rg BT 172.50 520.30 Td (erm ) Tj ET Q q 0 0 0 rg BT 186.89 520.30 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 207.27 520.30 Td (and ) Tj ET Q q 0 0 0 rg BT 220.77 520.30 Td (the ) Tj ET Q q 0 0 0 rg BT 232.49 520.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 261.54 520.30 Td (date ) Tj ET Q q 0 0 0 rg BT 276.82 520.30 Td (of ) Tj ET Q q 0 0 0 rg BT 285.43 520.30 Td (the ) Tj ET Q q 0 0 0 rg BT 297.15 520.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 331.53 520.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 357.47 520.30 Td (of ) Tj ET Q q 0 0 0 rg BT 366.08 520.30 Td (the ) Tj ET Q q 0 0 0 rg BT 377.66 520.30 Td (T) Tj ET Q q 0 0 0 rg BT 382.27 520.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 396.07 520.30 Td (W) Tj ET Q q 0 0 0 rg BT 402.98 520.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 421.22 520.30 Td (T) Tj ET Q q 0 0 0 rg BT 425.55 520.30 Td (erm ) Tj ET Q q 0 0 0 rg BT 439.93 520.30 Td (Loan ) Tj ET Q q 0 0 0 rg BT 458.32 520.30 Td (will ) Tj ET Q q 0 0 0 rg BT 472.71 520.30 Td (be ) Tj ET Q q 0 0 0 rg BT 482.21 520.30 Td (extended ) Tj ET Q q 0 0 0 rg BT 513.03 520.30 Td (to ) Tj ET Q q 0 0 0 rg BT 521.20 520.30 Td (December ) Tj ET Q q 0 0 0 rg BT 556.01 520.30 Td (1, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 510.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 69.84 510.70 Td (If ) Tj ET Q q 0 0 0 rg BT 77.00 510.70 Td (the ) Tj ET Q q 0 0 0 rg BT 88.62 510.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 111.35 510.70 Td (Of) Tj ET Q q 0 0 0 rg BT 119.64 510.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 142.58 510.70 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 174.20 510.70 Td (Private ) Tj ET Q q 0 0 0 rg BT 198.69 510.70 Td (Placement ) Tj ET Q q 0 0 0 rg BT 233.85 510.70 Td (and ) Tj ET Q q 0 0 0 rg BT 247.11 510.70 Td (TW) Tj ET Q q 0 0 0 rg BT 259.40 510.70 Td ( ) Tj ET Q q 0 0 0 rg BT 261.24 510.70 Td (Unit ) Tj ET Q q 0 0 0 rg BT 277.30 510.70 Td (Private ) Tj ET Q q 0 0 0 rg BT 301.80 510.70 Td (Placement ) Tj ET Q q 0 0 0 rg BT 336.96 510.70 Td (have ) Tj ET Q q 0 0 0 rg BT 353.89 510.70 Td (not ) Tj ET Q q 0 0 0 rg BT 365.96 510.70 Td (been ) Tj ET Q q 0 0 0 rg BT 382.89 510.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 405.17 510.70 Td (on ) Tj ET Q q 0 0 0 rg BT 415.01 510.70 Td (or ) Tj ET Q q 0 0 0 rg BT 423.51 510.70 Td (before ) Tj ET Q q 0 0 0 rg BT 445.78 510.70 Td (the ) Tj ET Q q 0 0 0 rg BT 457.39 510.70 Td (Initial ) Tj ET Q q 0 0 0 rg BT 478.20 510.70 Td (T) Tj ET Q q 0 0 0 rg BT 482.53 510.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 496.80 510.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 515.08 510.70 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 544.91 510.70 Td (Date, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.79 501.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 94.92 501.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 112.05 501.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 130.07 501.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.16 501.10 Td (T) Tj ET Q q 0 0 0 rg BT 142.77 501.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 156.64 501.10 Td (W) Tj ET Q q 0 0 0 rg BT 163.55 501.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 181.99 501.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 211.56 501.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.80 501.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 250.25 501.10 Td (84,000,000 ) Tj ET Q q 0 0 0 rg BT 288.26 501.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 310.27 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.96 501.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 337.87 501.10 Td (A) Tj ET Q q 0 0 0 rg BT 343.20 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.22 501.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 377.02 501.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 397.26 501.10 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 424.60 501.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.85 501.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 469.97 501.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.21 501.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 516.20 501.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.44 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.23 501.10 Td (terms ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 491.50 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 76.25 491.50 Td (the ) Tj ET Q q 0 0 0 rg BT 87.63 491.50 Td (T) Tj ET Q q 0 0 0 rg BT 95.50 491.50 Td (erm ) Tj ET Q q 0 0 0 rg BT 109.54 491.50 Td (Loan ) Tj ET Q q 0 0 0 rg BT 127.46 491.50 Td (W) Tj ET Q q 0 0 0 rg BT 134.37 491.50 Td (arrants\) ) Tj ET Q q 0 0 0 rg BT 163.95 491.50 Td (and ) Tj ET Q q 0 0 0 rg BT 177.10 491.50 Td (the ) Tj ET Q q 0 0 0 rg BT 188.48 491.50 Td (Initial ) Tj ET Q q 0 0 0 rg BT 209.07 491.50 Td (T) Tj ET Q q 0 0 0 rg BT 213.39 491.50 Td (erm ) Tj ET Q q 0 0 0 rg BT 227.43 491.50 Td (Loan ) Tj ET Q q 0 0 0 rg BT 245.47 491.50 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 275.06 491.50 Td (Date ) Tj ET Q q 0 0 0 rg BT 291.76 491.50 Td (will ) Tj ET Q q 0 0 0 rg BT 305.81 491.50 Td (be ) Tj ET Q q 0 0 0 rg BT 314.96 491.50 Td (extended ) Tj ET Q q 0 0 0 rg BT 345.43 491.50 Td (to ) Tj ET Q q 0 0 0 rg BT 353.26 491.50 Td (December ) Tj ET Q q 0 0 0 rg BT 387.72 491.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 395.32 491.50 Td (2017. ) Tj ET Q q 0 0 0 rg BT 414.81 491.50 Td (The ) Tj ET Q q 0 0 0 rg BT 428.73 491.50 Td (T) Tj ET Q q 0 0 0 rg BT 433.06 491.50 Td (erm ) Tj ET Q q 0 0 0 rg BT 447.09 491.50 Td (Loan ) Tj ET Q q 0 0 0 rg BT 465.02 491.50 Td (W) Tj ET Q q 0 0 0 rg BT 471.93 491.50 Td (arrants ) Tj ET Q q 0 0 0 rg BT 495.29 491.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 526.21 491.50 Td (the ) Tj ET Q q 0 0 0 rg BT 537.58 491.50 Td (number ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 481.90 Td (of ) Tj ET Q q 0 0 0 rg BT 59.15 481.90 Td (Unit ) Tj ET Q q 0 0 0 rg BT 75.67 481.90 Td (W) Tj ET Q q 0 0 0 rg BT 82.58 481.90 Td (arrants ) Tj ET Q q 0 0 0 rg BT 106.65 481.90 Td (T) Tj ET Q q 0 0 0 rg BT 111.26 481.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 125.56 481.90 Td (W) Tj ET Q q 0 0 0 rg BT 132.47 481.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 151.38 481.90 Td (would ) Tj ET Q q 0 0 0 rg BT 173.86 481.90 Td (have ) Tj ET Q q 0 0 0 rg BT 191.44 481.90 Td (purchased ) Tj ET Q q 0 0 0 rg BT 226.36 481.90 Td (at ) Tj ET Q q 0 0 0 rg BT 234.61 481.90 Td (the ) Tj ET Q q 0 0 0 rg BT 246.87 481.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 272.46 481.90 Td (of ) Tj ET Q q 0 0 0 rg BT 281.61 481.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.86 481.90 Td (Rights ) Tj ET Q q 0 0 0 rg BT 317.24 481.90 Td (Of) Tj ET Q q 0 0 0 rg BT 325.54 481.90 Td (fering, ) Tj ET Q q 0 0 0 rg BT 349.12 481.90 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 381.38 481.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 406.52 481.90 Td (Placement ) Tj ET Q q 0 0 0 rg BT 442.32 481.90 Td (\(assuming ) Tj ET Q q 0 0 0 rg BT 477.69 481.90 Td (that ) Tj ET Q q 0 0 0 rg BT 492.17 481.90 Td (no ) Tj ET Q q 0 0 0 rg BT 502.65 481.90 Td (other ) Tj ET Q q 0 0 0 rg BT 521.57 481.90 Td (shareholders ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 472.30 Td (exercised ) Tj ET Q q 0 0 0 rg BT 82.20 472.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 105.10 472.30 Td (in ) Tj ET Q q 0 0 0 rg BT 113.32 472.30 Td (the ) Tj ET Q q 0 0 0 rg BT 125.09 472.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 147.99 472.30 Td (Of) Tj ET Q q 0 0 0 rg BT 156.29 472.30 Td (fering\) ) Tj ET Q q 0 0 0 rg BT 180.05 472.30 Td (and ) Tj ET Q q 0 0 0 rg BT 193.46 472.30 Td (TW) Tj ET Q q 0 0 0 rg BT 205.75 472.30 Td ( ) Tj ET Q q 0 0 0 rg BT 207.75 472.30 Td (Unit ) Tj ET Q q 0 0 0 rg BT 223.97 472.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 248.63 472.30 Td (Placement.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 456.70 Td (In ) Tj ET Q q 0 0 0 rg BT 58.59 456.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.74 456.70 Td (under ) Tj ET Q q 0 0 0 rg BT 108.89 456.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.59 456.70 Td (Framework ) Tj ET Q q 0 0 0 rg BT 158.97 456.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 198.30 456.70 Td (T) Tj ET Q q 0 0 0 rg BT 202.91 456.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 216.69 456.70 Td (W) Tj ET Q q 0 0 0 rg BT 223.60 456.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 241.96 456.70 Td (agreed ) Tj ET Q q 0 0 0 rg BT 265.21 456.70 Td (to ) Tj ET Q q 0 0 0 rg BT 273.36 456.70 Td (extend ) Tj ET Q q 0 0 0 rg BT 296.62 456.70 Td (to ) Tj ET Q q 0 0 0 rg BT 304.77 456.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.47 456.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.51 456.70 Td (a ) Tj ET Q q 0 0 0 rg BT 354.99 456.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 387.58 456.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.72 456.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 432.31 456.70 Td (that ) Tj ET Q q 0 0 0 rg BT 446.23 456.70 Td (matures ) Tj ET Q q 0 0 0 rg BT 473.49 456.70 Td (on ) Tj ET Q q 0 0 0 rg BT 483.42 456.70 Td (December ) Tj ET Q q 0 0 0 rg BT 518.21 456.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 526.14 456.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 544.07 456.70 Td (in ) Tj ET Q q 0 0 0 rg BT 552.22 456.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 83.01 447.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 113.37 447.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 139.28 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.87 447.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 164.01 447.10 Td (1) Tj ET Q q 0 0 0 rg BT 167.72 447.10 Td (15.0 ) Tj ET Q q 0 0 0 rg BT 183.64 447.10 Td (million ) Tj ET Q q 0 0 0 rg BT 208.67 447.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 223.03 447.10 Td (T) Tj ET Q q 0 0 0 rg BT 231.19 447.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 244.97 447.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.88 447.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 270.23 447.10 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 305.48 447.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 327.40 447.10 Td (Facility\) ) Tj ET Q q 0 0 0 rg BT 359.97 447.10 Td (at ) Tj ET Q q 0 0 0 rg BT 367.67 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.36 447.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 401.71 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.29 447.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 421.09 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.79 447.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 457.82 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.40 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.10 447.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 500.91 447.10 Td (Of) Tj ET Q q 0 0 0 rg BT 509.21 447.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 532.23 447.10 Td (Backstop ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 437.50 Td (Private ) Tj ET Q q 0 0 0 rg BT 74.66 437.50 Td (Placement ) Tj ET Q q 0 0 0 rg BT 109.98 437.50 Td (and ) Tj ET Q q 0 0 0 rg BT 123.39 437.50 Td (TW) Tj ET Q q 0 0 0 rg BT 135.68 437.50 Td ( ) Tj ET Q q 0 0 0 rg BT 137.68 437.50 Td (Unit ) Tj ET Q q 0 0 0 rg BT 153.90 437.50 Td (Private ) Tj ET Q q 0 0 0 rg BT 178.56 437.50 Td (Placement ) Tj ET Q q 0 0 0 rg BT 213.88 437.50 Td (or ) Tj ET Q q 0 0 0 rg BT 222.55 437.50 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 233.88 437.50 Td (the ) Tj ET Q q 0 0 0 rg BT 245.65 437.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 272.54 437.50 Td (of ) Tj ET Q q 0 0 0 rg BT 281.20 437.50 Td (the ) Tj ET Q q 0 0 0 rg BT 292.83 437.50 Td (T) Tj ET Q q 0 0 0 rg BT 297.43 437.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 311.29 437.50 Td (W) Tj ET Q q 0 0 0 rg BT 318.20 437.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 336.48 437.50 Td (T) Tj ET Q q 0 0 0 rg BT 340.81 437.50 Td (erm ) Tj ET Q q 0 0 0 rg BT 355.25 437.50 Td (Loan.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 421.90 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.77 421.90 Td (the ) Tj ET Q q 0 0 0 rg BT 83.32 421.90 Td (Framework ) Tj ET Q q 0 0 0 rg BT 121.59 421.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 160.91 421.90 Td (we ) Tj ET Q q 0 0 0 rg BT 172.02 421.90 Td (have ) Tj ET Q q 0 0 0 rg BT 188.90 421.90 Td (also ) Tj ET Q q 0 0 0 rg BT 203.56 421.90 Td (agreed ) Tj ET Q q 0 0 0 rg BT 226.66 421.90 Td (to ) Tj ET Q q 0 0 0 rg BT 234.66 421.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 254.21 421.90 Td (CET) Tj ET Q q 0 0 0 rg BT 269.17 421.90 Td ( ) Tj ET Q q 0 0 0 rg BT 270.95 421.90 Td (21, ) Tj ET Q q 0 0 0 rg BT 282.73 421.90 Td (as ) Tj ET Q q 0 0 0 rg BT 291.17 421.90 Td (issuer ) Tj ET Q q 0 0 0 rg BT 311.62 421.90 Td (of ) Tj ET Q q 0 0 0 rg BT 320.06 421.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.61 421.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 349.39 421.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 369.39 421.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 385.83 421.90 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 408.28 421.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.28 421.90 Td (undertake ) Tj ET Q q 0 0 0 rg BT 449.60 421.90 Td (a ) Tj ET Q q 0 0 0 rg BT 454.93 421.90 Td (consent ) Tj ET Q q 0 0 0 rg BT 481.14 421.90 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 518.47 421.90 Td (of ) Tj ET Q q 0 0 0 rg BT 526.92 421.90 Td (the ) Tj ET Q q 0 0 0 rg BT 538.47 421.90 Td (holders ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 412.30 Td (of ) Tj ET Q q 0 0 0 rg BT 59.02 412.30 Td (at ) Tj ET Q q 0 0 0 rg BT 67.15 412.30 Td (least ) Tj ET Q q 0 0 0 rg BT 84.16 412.30 Td (a ) Tj ET Q q 0 0 0 rg BT 90.07 412.30 Td (majority ) Tj ET Q q 0 0 0 rg BT 119.53 412.30 Td (in ) Tj ET Q q 0 0 0 rg BT 128.10 412.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 158.89 412.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 185.24 412.30 Td (of ) Tj ET Q q 0 0 0 rg BT 194.26 412.30 Td (the ) Tj ET Q q 0 0 0 rg BT 206.39 412.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 224.74 412.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 245.32 412.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 262.33 412.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 283.35 412.30 Td (as ) Tj ET Q q 0 0 0 rg BT 292.37 412.30 Td (to ) Tj ET Q q 0 0 0 rg BT 300.95 412.30 Td (the ) Tj ET Q q 0 0 0 rg BT 313.08 412.30 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 349.19 412.30 Td (of ) Tj ET Q q 0 0 0 rg BT 358.20 412.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 374.33 412.30 Td (in ) Tj ET Q q 0 0 0 rg BT 382.91 412.30 Td (the ) Tj ET Q q 0 0 0 rg BT 395.04 412.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 435.60 412.30 Td (described ) Tj ET Q q 0 0 0 rg BT 468.61 412.30 Td (above ) Tj ET Q q 0 0 0 rg BT 490.07 412.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 504.86 412.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 526.76 412.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 547.34 412.30 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 402.70 Td (Noteholder ) Tj ET Q q 0 0 0 rg BT 88.07 402.70 Td (Consent\), ) Tj ET Q q 0 0 0 rg BT 124.58 402.70 Td (the ) Tj ET Q q 0 0 0 rg BT 136.43 402.70 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 172.26 402.70 Td (of ) Tj ET Q q 0 0 0 rg BT 181.00 402.70 Td (an ) Tj ET Q q 0 0 0 rg BT 190.63 402.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.70 402.70 Td (40.0 ) Tj ET Q q 0 0 0 rg BT 244.78 402.70 Td (million ) Tj ET Q q 0 0 0 rg BT 269.97 402.70 Td (of ) Tj ET Q q 0 0 0 rg BT 278.71 402.70 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 324.11 402.70 Td (and ) Tj ET Q q 0 0 0 rg BT 337.74 402.70 Td (the ) Tj ET Q q 0 0 0 rg BT 349.59 402.70 Td (amendment ) Tj ET Q q 0 0 0 rg BT 388.99 402.70 Td (of ) Tj ET Q q 0 0 0 rg BT 397.73 402.70 Td (the ) Tj ET Q q 0 0 0 rg BT 409.58 402.70 Td (indenture ) Tj ET Q q 0 0 0 rg BT 441.87 402.70 Td (governing ) Tj ET Q q 0 0 0 rg BT 476.38 402.70 Td (the ) Tj ET Q q 0 0 0 rg BT 488.23 402.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 506.31 402.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 526.61 402.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 543.35 402.70 Td (Notes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.31 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.83 393.10 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 116.18 393.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 155.47 393.10 Td (originally ) Tj ET Q q 0 0 0 rg BT 188.33 393.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 207.41 393.10 Td (July ) Tj ET Q q 0 0 0 rg BT 222.50 393.10 Td (21, ) Tj ET Q q 0 0 0 rg BT 234.26 393.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 254.01 393.10 Td (among ) Tj ET Q q 0 0 0 rg BT 277.54 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.07 393.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 312.15 393.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 336.11 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.09 393.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 370.28 393.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.03 393.10 Td (all ) Tj ET Q q 0 0 0 rg BT 393.79 393.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 419.97 393.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 443.05 393.10 Td (will ) Tj ET Q q 0 0 0 rg BT 457.25 393.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 490.97 393.10 Td (their ) Tj ET Q q 0 0 0 rg BT 507.38 393.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 550.46 393.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 383.50 Td (seek ) Tj ET Q q 0 0 0 rg BT 66.21 383.50 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 108.19 383.50 Td (if ) Tj ET Q q 0 0 0 rg BT 115.08 383.50 Td (any ) Tj ET Q q 0 0 0 rg BT 128.63 383.50 Td (secured ) Tj ET Q q 0 0 0 rg BT 155.06 383.50 Td (party ) Tj ET Q q 0 0 0 rg BT 173.50 383.50 Td (accelerates ) Tj ET Q q 0 0 0 rg BT 210.57 383.50 Td (their ) Tj ET Q q 0 0 0 rg BT 227.23 383.50 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 270.56 383.50 Td (and ) Tj ET Q q 0 0 0 rg BT 284.11 383.50 Td (seeks ) Tj ET Q q 0 0 0 rg BT 303.44 383.50 Td (enforcement.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 367.90 Td (In ) Tj ET Q q 0 0 0 rg BT 59.07 367.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.58 367.90 Td (with ) Tj ET Q q 0 0 0 rg BT 113.21 367.90 Td (the ) Tj ET Q q 0 0 0 rg BT 125.40 367.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 166.02 367.90 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 211.52 367.90 Td (by ) Tj ET Q q 0 0 0 rg BT 221.93 367.90 Td (the ) Tj ET Q q 0 0 0 rg BT 234.12 367.90 Td (Framework ) Tj ET Q q 0 0 0 rg BT 272.87 367.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 312.82 367.90 Td (the ) Tj ET Q q 0 0 0 rg BT 325.01 367.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 358.53 367.90 Td (has ) Tj ET Q q 0 0 0 rg BT 371.60 367.90 Td (agreed ) Tj ET Q q 0 0 0 rg BT 395.33 367.90 Td (to ) Tj ET Q q 0 0 0 rg BT 403.96 367.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 422.37 367.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.83 367.90 Td (T) Tj ET Q q 0 0 0 rg BT 435.43 367.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 449.67 367.90 Td (W) Tj ET Q q 0 0 0 rg BT 456.58 367.90 Td (arner) Tj ET Q q 0 0 0 rg BT 472.69 367.90 Td (, ) Tj ET Q q 0 0 0 rg BT 477.10 367.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 502.17 367.90 Td (to ) Tj ET Q q 0 0 0 rg BT 510.80 367.90 Td (the ) Tj ET Q q 0 0 0 rg BT 522.98 367.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 543.17 367.90 Td (of ) Tj ET Q q 0 0 0 rg BT 552.24 367.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 358.30 Td (Framework ) Tj ET Q q 0 0 0 rg BT 88.72 358.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 126.63 358.30 Td (and ) Tj ET Q q 0 0 0 rg BT 140.55 358.30 Td (of ) Tj ET Q q 0 0 0 rg BT 149.58 358.30 Td (an ) Tj ET Q q 0 0 0 rg BT 159.50 358.30 Td (escrow ) Tj ET Q q 0 0 0 rg BT 184.53 358.30 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 222.21 358.30 Td (a ) Tj ET Q q 0 0 0 rg BT 228.13 358.30 Td (warrant ) Tj ET Q q 0 0 0 rg BT 254.92 358.30 Td (to ) Tj ET Q q 0 0 0 rg BT 263.51 358.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 294.31 358.30 Td (30,000,000 ) Tj ET Q q 0 0 0 rg BT 332.68 358.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 355.04 358.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.07 358.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 383.25 358.30 Td (A) Tj ET Q q 0 0 0 rg BT 388.59 358.30 Td ( ) Tj ET Q q 0 0 0 rg BT 390.96 358.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 423.11 358.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 443.70 358.30 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 471.39 358.30 Td (to ) Tj ET Q q 0 0 0 rg BT 479.98 358.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 517.46 358.30 Td (in ) Tj ET Q q 0 0 0 rg BT 526.05 358.30 Td (accordance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 348.70 Td (with ) Tj ET Q q 0 0 0 rg BT 66.00 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 77.56 348.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 97.12 348.70 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 123.55 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.11 348.70 Td (TW) Tj ET Q q 0 0 0 rg BT 150.95 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 152.73 348.70 Td (Initial ) Tj ET Q q 0 0 0 rg BT 173.49 348.70 Td (W) Tj ET Q q 0 0 0 rg BT 180.40 348.70 Td (arrant\) ) Tj ET Q q 0 0 0 rg BT 207.05 348.70 Td (that ) Tj ET Q q 0 0 0 rg BT 220.83 348.70 Td (is ) Tj ET Q q 0 0 0 rg BT 227.95 348.70 Td (issuable ) Tj ET Q q 0 0 0 rg BT 255.50 348.70 Td (on ) Tj ET Q q 0 0 0 rg BT 265.29 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 276.84 348.70 Td (earliest ) Tj ET Q q 0 0 0 rg BT 301.72 348.70 Td (to ) Tj ET Q q 0 0 0 rg BT 309.73 348.70 Td (occur ) Tj ET Q q 0 0 0 rg BT 329.27 348.70 Td (of ) Tj ET Q q 0 0 0 rg BT 337.72 348.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 347.05 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 358.61 348.70 Td (closing ) Tj ET Q q 0 0 0 rg BT 383.50 348.70 Td (of ) Tj ET Q q 0 0 0 rg BT 391.95 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 403.50 348.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 426.18 348.70 Td (Of) Tj ET Q q 0 0 0 rg BT 434.48 348.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 457.36 348.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 468.92 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 480.47 348.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 507.14 348.70 Td (of ) Tj ET Q q 0 0 0 rg BT 515.59 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 527.01 348.70 Td (T) Tj ET Q q 0 0 0 rg BT 531.34 348.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 545.56 348.70 Td (Loan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 339.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 77.55 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.32 339.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 126.40 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.07 339.10 Td (an ) Tj ET Q q 0 0 0 rg BT 144.62 339.10 Td (uncured ) Tj ET Q q 0 0 0 rg BT 172.38 339.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 195.70 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.36 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.14 339.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 254.57 339.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 292.11 339.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.11 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.89 339.10 Td (Company) Tj ET Q q 0 0 0 rg BT 344.48 339.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 323.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.40 323.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.48 323.50 Td (intends ) Tj ET Q q 0 0 0 rg BT 122.55 323.50 Td (to ) Tj ET Q q 0 0 0 rg BT 130.74 323.50 Td (use ) Tj ET Q q 0 0 0 rg BT 143.37 323.50 Td (any ) Tj ET Q q 0 0 0 rg BT 156.88 323.50 Td (net ) Tj ET Q q 0 0 0 rg BT 168.62 323.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 199.02 323.50 Td (from ) Tj ET Q q 0 0 0 rg BT 216.53 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 228.27 323.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 256.44 323.50 Td (of ) Tj ET Q q 0 0 0 rg BT 265.07 323.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 287.93 323.50 Td (in ) Tj ET Q q 0 0 0 rg BT 296.11 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.85 323.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 330.71 323.50 Td (Of) Tj ET Q q 0 0 0 rg BT 339.01 323.50 Td (fering, ) Tj ET Q q 0 0 0 rg BT 362.07 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 373.81 323.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 404.21 323.50 Td (of ) Tj ET Q q 0 0 0 rg BT 412.84 323.50 Td (Units ) Tj ET Q q 0 0 0 rg BT 432.14 323.50 Td (in ) Tj ET Q q 0 0 0 rg BT 440.32 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 451.92 323.50 Td (TW) Tj ET Q q 0 0 0 rg BT 464.21 323.50 Td ( ) Tj ET Q q 0 0 0 rg BT 466.18 323.50 Td (Unit ) Tj ET Q q 0 0 0 rg BT 482.37 323.50 Td (Private ) Tj ET Q q 0 0 0 rg BT 506.99 323.50 Td (Placement ) Tj ET Q q 0 0 0 rg BT 542.28 323.50 Td (and ) Tj ET Q q 0 0 0 rg BT 555.79 323.50 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 62.14 313.90 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 94.29 313.90 Td (Private ) Tj ET Q q 0 0 0 rg BT 119.32 313.90 Td (Placement, ) Tj ET Q q 0 0 0 rg BT 157.01 313.90 Td (if ) Tj ET Q q 0 0 0 rg BT 164.27 313.90 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 201.51 313.90 Td (together ) Tj ET Q q 0 0 0 rg BT 230.09 313.90 Td (with ) Tj ET Q q 0 0 0 rg BT 246.69 313.90 Td (any ) Tj ET Q q 0 0 0 rg BT 260.61 313.90 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 291.41 313.90 Td (from ) Tj ET Q q 0 0 0 rg BT 309.33 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 313.90 Td (T) Tj ET Q q 0 0 0 rg BT 325.91 313.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 340.11 313.90 Td (W) Tj ET Q q 0 0 0 rg BT 347.02 313.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 365.65 313.90 Td (T) Tj ET Q q 0 0 0 rg BT 369.97 313.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 384.78 313.90 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 405.59 313.90 Td (to ) Tj ET Q q 0 0 0 rg BT 414.19 313.90 Td (redeem ) Tj ET Q q 0 0 0 rg BT 440.10 313.90 Td (and ) Tj ET Q q 0 0 0 rg BT 454.02 313.90 Td (repay ) Tj ET Q q 0 0 0 rg BT 474.15 313.90 Td (in ) Tj ET Q q 0 0 0 rg BT 482.75 313.90 Td (full ) Tj ET Q q 0 0 0 rg BT 496.23 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 508.37 313.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 526.74 313.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 547.34 313.90 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 304.30 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 73.11 304.30 Td (including ) Tj ET Q q 0 0 0 rg BT 105.77 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 117.99 304.30 Td (early ) Tj ET Q q 0 0 0 rg BT 136.43 304.30 Td (redemption ) Tj ET Q q 0 0 0 rg BT 175.30 304.30 Td (premium ) Tj ET Q q 0 0 0 rg BT 206.63 304.30 Td (and ) Tj ET Q q 0 0 0 rg BT 220.63 304.30 Td (accrued ) Tj ET Q q 0 0 0 rg BT 247.94 304.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 273.93 304.30 Td (thereon. ) Tj ET Q q 0 0 0 rg BT 301.83 304.30 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 343.52 304.30 Td (, ) Tj ET Q q 0 0 0 rg BT 347.96 304.30 Td (if ) Tj ET Q q 0 0 0 rg BT 355.29 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 367.51 304.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.07 304.30 Td (is ) Tj ET Q q 0 0 0 rg BT 408.85 304.30 Td (unable ) Tj ET Q q 0 0 0 rg BT 432.62 304.30 Td (to ) Tj ET Q q 0 0 0 rg BT 441.28 304.30 Td (close ) Tj ET Q q 0 0 0 rg BT 460.17 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 472.39 304.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 495.73 304.30 Td (Of) Tj ET Q q 0 0 0 rg BT 504.02 304.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 525.57 304.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 543.57 304.30 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 304.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 294.70 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 73.71 294.70 Td (Date, ) Tj ET Q q 0 0 0 rg BT 92.74 294.70 Td (then ) Tj ET Q q 0 0 0 rg BT 108.44 294.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.15 294.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.19 294.70 Td (intends ) Tj ET Q q 0 0 0 rg BT 178.23 294.70 Td (to ) Tj ET Q q 0 0 0 rg BT 186.38 294.70 Td (redeem ) Tj ET Q q 0 0 0 rg BT 211.86 294.70 Td (and ) Tj ET Q q 0 0 0 rg BT 225.34 294.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 245.04 294.70 Td (in ) Tj ET Q q 0 0 0 rg BT 253.19 294.70 Td (full ) Tj ET Q q 0 0 0 rg BT 266.23 294.70 Td (all ) Tj ET Q q 0 0 0 rg BT 276.16 294.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 315.42 294.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 333.35 294.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 353.51 294.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 370.10 294.70 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 392.70 294.70 Td (including ) Tj ET Q q 0 0 0 rg BT 424.85 294.70 Td (the ) Tj ET Q q 0 0 0 rg BT 436.55 294.70 Td (early ) Tj ET Q q 0 0 0 rg BT 454.47 294.70 Td (redemption ) Tj ET Q q 0 0 0 rg BT 492.84 294.70 Td (premium ) Tj ET Q q 0 0 0 rg BT 523.65 294.70 Td (and ) Tj ET Q q 0 0 0 rg BT 537.13 294.70 Td (accrued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.17 285.10 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 102.79 285.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.64 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.04 285.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 160.10 285.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.27 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.56 285.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.16 285.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 206.67 285.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.58 285.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 231.52 285.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.84 285.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 249.91 285.10 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 269.97 285.10 Td (If ) Tj ET Q q 0 0 0 rg BT 276.93 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.33 285.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.06 285.10 Td (redeems ) Tj ET Q q 0 0 0 rg BT 349.34 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.74 285.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 378.37 285.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 398.22 285.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 414.51 285.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 434.80 285.10 Td (with ) Tj ET Q q 0 0 0 rg BT 450.65 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.05 285.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 492.11 285.10 Td (from ) Tj ET Q q 0 0 0 rg BT 509.28 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.57 285.10 Td (T) Tj ET Q q 0 0 0 rg BT 525.17 285.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 538.68 285.10 Td (W) Tj ET Q q 0 0 0 rg BT 545.59 285.10 Td (arner ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 275.50 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 275.50 Td (erm ) Tj ET Q q 0 0 0 rg BT 68.77 275.50 Td (Loan.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 259.90 Td (The Rights Of) Tj ET Q q 0 0 0 rg BT 95.63 259.90 Td (fering is subject, among other things, the approval of the Company) Tj ET Q q 0 0 0 rg BT 312.03 259.90 Td (s shareholders of \(i\) an increase in the number of authorized shares of Class ) Tj ET Q q 0 0 0 rg BT 555.95 259.90 Td (A) Tj ET Q q 0 0 0 rg BT 561.29 259.90 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 250.30 Td (Common Stock and \(ii\) the Rights Of) Tj ET Q q 0 0 0 rg BT 170.29 250.30 Td (fering and the issuance to ) Tj ET Q q 0 0 0 rg BT 253.90 250.30 Td (T) Tj ET Q q 0 0 0 rg BT 258.50 250.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 272.36 250.30 Td (W) Tj ET Q q 0 0 0 rg BT 279.27 250.30 Td (arner of the ) Tj ET Q q 0 0 0 rg BT 317.99 250.30 Td (TW) Tj ET Q q 0 0 0 rg BT 330.28 250.30 Td ( Initial ) Tj ET Q q 0 0 0 rg BT 353.24 250.30 Td (W) Tj ET Q q 0 0 0 rg BT 360.15 250.30 Td (arrant and Unit ) Tj ET Q q 0 0 0 rg BT 410.43 250.30 Td (W) Tj ET Q q 0 0 0 rg BT 417.34 250.30 Td (arrants or) Tj ET Q q 0 0 0 rg BT 447.45 250.30 Td (, alternatively) Tj ET Q q 0 0 0 rg BT 490.91 250.30 Td (, ) Tj ET Q q 0 0 0 rg BT 494.77 250.30 Td (T) Tj ET Q q 0 0 0 rg BT 499.10 250.30 Td (erm Loan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 240.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 240.70 Td (arrants.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (P) Tj ET Q q 0 0 0 rg BT 54.29 219.10 Td (AR) Tj ET Q q 0 0 0 rg BT 65.57 219.10 Td (T) Tj ET Q q 0 0 0 rg BT 70.76 219.10 Td ( I) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 197.50 Td (ITEM 1. ) Tj ET Q q 0 0 0 rg BT 95.00 197.50 Td (BUSINESS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 181.90 Td (Central ) Tj ET Q q 0 0 0 rg BT 75.25 181.90 Td (European ) Tj ET Q q 0 0 0 rg BT 107.61 181.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 129.75 181.90 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 167.45 181.90 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 184.26 181.90 Td (a ) Tj ET Q q 0 0 0 rg BT 189.52 181.90 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 220.54 181.90 Td (company ) Tj ET Q q 0 0 0 rg BT 251.57 181.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 275.94 181.90 Td (by ) Tj ET Q q 0 0 0 rg BT 285.65 181.90 Td (shares, ) Tj ET Q q 0 0 0 rg BT 309.35 181.90 Td (is ) Tj ET Q q 0 0 0 rg BT 316.39 181.90 Td (a ) Tj ET Q q 0 0 0 rg BT 321.64 181.90 Td (media ) Tj ET Q q 0 0 0 rg BT 342.89 181.90 Td (and ) Tj ET Q q 0 0 0 rg BT 356.15 181.90 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 401.84 181.90 Td (company ) Tj ET Q q 0 0 0 rg BT 432.87 181.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 464.78 181.90 Td (in ) Tj ET Q q 0 0 0 rg BT 472.71 181.90 Td (Central ) Tj ET Q q 0 0 0 rg BT 497.96 181.90 Td (and ) Tj ET Q q 0 0 0 rg BT 511.22 181.90 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 536.91 181.90 Td (Europe. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 172.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.74 172.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 85.70 172.30 Td (are ) Tj ET Q q 0 0 0 rg BT 97.77 172.30 Td (held ) Tj ET Q q 0 0 0 rg BT 113.84 172.30 Td (through ) Tj ET Q q 0 0 0 rg BT 141.03 172.30 Td (a ) Tj ET Q q 0 0 0 rg BT 146.88 172.30 Td (series ) Tj ET Q q 0 0 0 rg BT 167.39 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 172.30 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 198.20 172.30 Td (and ) Tj ET Q q 0 0 0 rg BT 212.05 172.30 Td (Curaao ) Tj ET Q q 0 0 0 rg BT 241.00 172.30 Td (holding ) Tj ET Q q 0 0 0 rg BT 267.75 172.30 Td (companies. ) Tj ET Q q 0 0 0 rg BT 306.26 172.30 Td (From ) Tj ET Q q 0 0 0 rg BT 325.89 172.30 Td (January ) Tj ET Q q 0 0 0 rg BT 353.07 172.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 361.37 172.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 381.67 172.30 Td (we ) Tj ET Q q 0 0 0 rg BT 393.29 172.30 Td (have ) Tj ET Q q 0 0 0 rg BT 410.69 172.30 Td (managed ) Tj ET Q q 0 0 0 rg BT 441.87 172.30 Td (our ) Tj ET Q q 0 0 0 rg BT 454.83 172.30 Td (business ) Tj ET Q q 0 0 0 rg BT 484.24 172.30 Td (on ) Tj ET Q q 0 0 0 rg BT 494.54 172.30 Td (a ) Tj ET Q q 0 0 0 rg BT 500.39 172.30 Td (geographical ) Tj ET Q q 0 0 0 rg BT 544.00 172.30 Td (basis, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 162.70 Td (with ) Tj ET Q q 0 0 0 rg BT 66.05 162.70 Td (six ) Tj ET Q q 0 0 0 rg BT 77.21 162.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 109.24 162.70 Td (segments, ) Tj ET Q q 0 0 0 rg BT 142.84 162.70 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 174.21 162.70 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 201.58 162.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.18 162.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 234.99 162.70 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 267.70 162.70 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 300.41 162.70 Td (the ) Tj ET Q q 0 0 0 rg BT 312.00 162.70 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 336.05 162.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 366.76 162.70 Td (and ) Tj ET Q q 0 0 0 rg BT 380.13 162.70 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 411.95 162.70 Td (which ) Tj ET Q q 0 0 0 rg BT 433.33 162.70 Td (are ) Tj ET Q q 0 0 0 rg BT 444.92 162.70 Td (also ) Tj ET Q q 0 0 0 rg BT 459.63 162.70 Td (our ) Tj ET Q q 0 0 0 rg BT 472.12 162.70 Td (reportable ) Tj ET Q q 0 0 0 rg BT 506.37 162.70 Td (segments ) Tj ET Q q 0 0 0 rg BT 537.96 162.70 Td (and ) Tj ET Q q 0 0 0 rg BT 551.34 162.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (main ) Tj ET Q q 0 0 0 rg BT 68.00 153.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.21 153.10 Td (countries. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 137.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 137.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.88 137.50 Td (have ) Tj ET Q q 0 0 0 rg BT 80.41 137.50 Td (market ) Tj ET Q q 0 0 0 rg BT 105.04 137.50 Td (leading ) Tj ET Q q 0 0 0 rg BT 131.01 137.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 164.08 137.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 199.83 137.50 Td (in ) Tj ET Q q 0 0 0 rg BT 208.47 137.50 Td (six ) Tj ET Q q 0 0 0 rg BT 220.23 137.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 251.98 137.50 Td (in ) Tj ET Q q 0 0 0 rg BT 260.62 137.50 Td (Central ) Tj ET Q q 0 0 0 rg BT 286.59 137.50 Td (and ) Tj ET Q q 0 0 0 rg BT 300.56 137.50 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 326.97 137.50 Td (Europe ) Tj ET Q q 0 0 0 rg BT 352.50 137.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 395.79 137.50 Td (a ) Tj ET Q q 0 0 0 rg BT 401.77 137.50 Td (total ) Tj ET Q q 0 0 0 rg BT 418.41 137.50 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.49 137.50 Td (35) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.49 137.50 Td ( ) Tj ET Q q 0 0 0 rg BT 437.91 137.50 Td (television ) Tj ET Q q 0 0 0 rg BT 471.44 137.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 503.85 137.50 Td (Each ) Tj ET Q q 0 0 0 rg BT 522.26 137.50 Td (country ) Tj ET Q q 0 0 0 rg BT 549.12 137.50 Td (also ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 127.90 Td (develops ) Tj ET Q q 0 0 0 rg BT 80.49 127.90 Td (and ) Tj ET Q q 0 0 0 rg BT 94.10 127.90 Td (produces ) Tj ET Q q 0 0 0 rg BT 125.03 127.90 Td (content ) Tj ET Q q 0 0 0 rg BT 150.63 127.90 Td (for ) Tj ET Q q 0 0 0 rg BT 162.02 127.90 Td (their ) Tj ET Q q 0 0 0 rg BT 178.73 127.90 Td (television ) Tj ET Q q 0 0 0 rg BT 211.89 127.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 241.93 127.90 Td (and ) Tj ET Q q 0 0 0 rg BT 255.54 127.90 Td (we ) Tj ET Q q 0 0 0 rg BT 266.92 127.90 Td (license ) Tj ET Q q 0 0 0 rg BT 291.19 127.90 Td (content ) Tj ET Q q 0 0 0 rg BT 316.79 127.90 Td (to ) Tj ET Q q 0 0 0 rg BT 325.07 127.90 Td (third ) Tj ET Q q 0 0 0 rg BT 342.23 127.90 Td (parties, ) Tj ET Q q 0 0 0 rg BT 367.61 127.90 Td (both ) Tj ET Q q 0 0 0 rg BT 383.89 127.90 Td (within ) Tj ET Q q 0 0 0 rg BT 406.39 127.90 Td (our ) Tj ET Q q 0 0 0 rg BT 419.11 127.90 Td (region ) Tj ET Q q 0 0 0 rg BT 441.60 127.90 Td (and ) Tj ET Q q 0 0 0 rg BT 455.20 127.90 Td (globally) Tj ET Q q 0 0 0 rg BT 480.90 127.90 Td (. ) Tj ET Q q 0 0 0 rg BT 484.81 127.90 Td (W) Tj ET Q q 0 0 0 rg BT 491.72 127.90 Td (e ) Tj ET Q q 0 0 0 rg BT 497.32 127.90 Td (generate ) Tj ET Q q 0 0 0 rg BT 526.47 127.90 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 118.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 80.89 118.30 Td (in ) Tj ET Q q 0 0 0 rg BT 89.58 118.30 Td (our ) Tj ET Q q 0 0 0 rg BT 102.71 118.30 Td (country ) Tj ET Q q 0 0 0 rg BT 129.61 118.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 165.39 118.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 197.63 118.30 Td (through ) Tj ET Q q 0 0 0 rg BT 224.97 118.30 Td (entering ) Tj ET Q q 0 0 0 rg BT 253.65 118.30 Td (into ) Tj ET Q q 0 0 0 rg BT 268.56 118.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 307.45 118.30 Td (with ) Tj ET Q q 0 0 0 rg BT 324.13 118.30 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 363.25 118.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 401.26 118.30 Td (agencies ) Tj ET Q q 0 0 0 rg BT 431.26 118.30 Td (and ) Tj ET Q q 0 0 0 rg BT 445.27 118.30 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 475.74 118.30 Td (to ) Tj ET Q q 0 0 0 rg BT 484.42 118.30 Td (place ) Tj ET Q q 0 0 0 rg BT 503.76 118.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 541.77 118.30 Td (on ) Tj ET Q q 0 0 0 rg BT 552.23 118.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 108.70 Td (television ) Tj ET Q q 0 0 0 rg BT 83.64 108.70 Td (channels ) Tj ET Q q 0 0 0 rg BT 114.17 108.70 Td (that ) Tj ET Q q 0 0 0 rg BT 128.70 108.70 Td (we ) Tj ET Q q 0 0 0 rg BT 140.57 108.70 Td (operate. ) Tj ET Q q 0 0 0 rg BT 168.46 108.70 Td (W) Tj ET Q q 0 0 0 rg BT 175.37 108.70 Td (e ) Tj ET Q q 0 0 0 rg BT 181.46 108.70 Td (generate ) Tj ET Q q 0 0 0 rg BT 211.08 108.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 245.61 108.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 276.58 108.70 Td (by ) Tj ET Q q 0 0 0 rg BT 287.12 108.70 Td (collecting ) Tj ET Q q 0 0 0 rg BT 321.20 108.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 336.61 108.70 Td (from ) Tj ET Q q 0 0 0 rg BT 354.70 108.70 Td (cable ) Tj ET Q q 0 0 0 rg BT 374.11 108.70 Td (and ) Tj ET Q q 0 0 0 rg BT 388.20 108.70 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 438.27 108.70 Td (\(DTH\) ) Tj ET Q q 0 0 0 rg BT 469.68 108.70 Td (operators ) Tj ET Q q 0 0 0 rg BT 501.98 108.70 Td (for ) Tj ET Q q 0 0 0 rg BT 513.85 108.70 Td (carriage ) Tj ET Q q 0 0 0 rg BT 542.14 108.70 Td (of ) Tj ET Q q 0 0 0 rg BT 551.34 108.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 81.56 99.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.58 99.10 Td (main ) Tj ET Q q 0 0 0 rg BT 113.15 99.10 Td (general ) Tj ET Q q 0 0 0 rg BT 138.26 99.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 183.82 99.10 Td (television ) Tj ET Q q 0 0 0 rg BT 216.50 99.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 246.06 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.86 99.10 Td (each ) Tj ET Q q 0 0 0 rg BT 270.08 99.10 Td (country ) Tj ET Q q 0 0 0 rg BT 296.09 99.10 Td (are ) Tj ET Q q 0 0 0 rg BT 307.43 99.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 343.23 99.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.80 99.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.93 99.10 Td (free-to-air ) Tj ET Q q 0 0 0 rg BT 391.92 99.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 409.49 99.10 Td (terrestrially ) Tj ET Q q 0 0 0 rg BT 447.94 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.73 99.10 Td (analog, ) Tj ET Q q 0 0 0 rg BT 480.63 99.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 502.65 99.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.89 99.10 Td (both, ) Tj ET Q q 0 0 0 rg BT 528.68 99.10 Td (depending ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 89.50 Td (on ) Tj ET Q q 0 0 0 rg BT 60.00 89.50 Td (the ) Tj ET Q q 0 0 0 rg BT 71.77 89.50 Td (digitalization ) Tj ET Q q 0 0 0 rg BT 115.98 89.50 Td (status ) Tj ET Q q 0 0 0 rg BT 136.21 89.50 Td (in ) Tj ET Q q 0 0 0 rg BT 144.43 89.50 Td (each ) Tj ET Q q 0 0 0 rg BT 161.08 89.50 Td (country) Tj ET Q q 0 0 0 rg BT 185.00 89.50 Td (, ) Tj ET Q q 0 0 0 rg BT 189.00 89.50 Td (and ) Tj ET Q q 0 0 0 rg BT 202.55 89.50 Td (are ) Tj ET Q q 0 0 0 rg BT 214.32 89.50 Td (also ) Tj ET Q q 0 0 0 rg BT 229.20 89.50 Td (distributed ) Tj ET Q q 0 0 0 rg BT 265.42 89.50 Td (via ) Tj ET Q q 0 0 0 rg BT 277.20 89.50 Td (cable ) Tj ET Q q 0 0 0 rg BT 296.07 89.50 Td (and ) Tj ET Q q 0 0 0 rg BT 309.62 89.50 Td (satellite. ) Tj ET Q q 0 0 0 rg BT 338.50 89.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 352.94 89.50 Td (other ) Tj ET Q q 0 0 0 rg BT 371.38 89.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 401.37 89.50 Td (are ) Tj ET Q q 0 0 0 rg BT 413.13 89.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 444.89 89.50 Td (distributed ) Tj ET Q q 0 0 0 rg BT 481.11 89.50 Td (via ) Tj ET Q q 0 0 0 rg BT 492.89 89.50 Td (cable ) Tj ET Q q 0 0 0 rg BT 511.76 89.50 Td (and ) Tj ET Q q 0 0 0 rg BT 525.31 89.50 Td (satellite.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (General ) Tj ET Q q 0 0 0 rg BT 79.55 743.60 Td (market ) Tj ET Q q 0 0 0 rg BT 106.43 743.60 Td (information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 728.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.73 728.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 88.54 728.00 Td (mainly ) Tj ET Q q 0 0 0 rg BT 113.03 728.00 Td (in ) Tj ET Q q 0 0 0 rg BT 121.52 728.00 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 153.34 728.00 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 181.15 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 728.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 215.45 728.00 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 248.61 728.00 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 281.76 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.80 728.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 318.29 728.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 349.45 728.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.27 728.00 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 395.03 728.00 Td (All ) Tj ET Q q 0 0 0 rg BT 407.52 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 416.46 728.00 Td (these ) Tj ET Q q 0 0 0 rg BT 435.16 728.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 466.76 728.00 Td (are ) Tj ET Q q 0 0 0 rg BT 478.79 728.00 Td (members ) Tj ET Q q 0 0 0 rg BT 510.39 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.32 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.36 728.00 Td (European ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (Union ) Tj ET Q q 0 0 0 rg BT 71.90 718.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 86.23 718.40 Td (EU\). ) Tj ET Q q 0 0 0 rg BT 110.42 718.40 Td (These ) Tj ET Q q 0 0 0 rg BT 131.41 718.40 Td (emer) Tj ET Q q 0 0 0 rg BT 147.26 718.40 Td (ging ) Tj ET Q q 0 0 0 rg BT 163.38 718.40 Td (economies ) Tj ET Q q 0 0 0 rg BT 199.48 718.40 Td (have ) Tj ET Q q 0 0 0 rg BT 216.48 718.40 Td (adopted ) Tj ET Q q 0 0 0 rg BT 243.56 718.40 Td (W) Tj ET Q q 0 0 0 rg BT 250.47 718.40 Td (estern-style ) Tj ET Q q 0 0 0 rg BT 289.24 718.40 Td (democratic ) Tj ET Q q 0 0 0 rg BT 326.67 718.40 Td (forms ) Tj ET Q q 0 0 0 rg BT 347.23 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 355.79 718.40 Td (government ) Tj ET Q q 0 0 0 rg BT 395.90 718.40 Td (within ) Tj ET Q q 0 0 0 rg BT 418.24 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.91 718.40 Td (last ) Tj ET Q q 0 0 0 rg BT 442.91 718.40 Td (twenty-five ) Tj ET Q q 0 0 0 rg BT 481.68 718.40 Td (years ) Tj ET Q q 0 0 0 rg BT 500.46 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 513.90 718.40 Td (have ) Tj ET Q q 0 0 0 rg BT 530.90 718.40 Td (economic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (structures, ) Tj ET Q q 0 0 0 rg BT 84.68 708.80 Td (political ) Tj ET Q q 0 0 0 rg BT 112.47 708.80 Td (and ) Tj ET Q q 0 0 0 rg BT 125.59 708.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 142.71 708.80 Td (systems, ) Tj ET Q q 0 0 0 rg BT 171.63 708.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 198.54 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 206.78 708.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 238.55 708.80 Td (governance ) Tj ET Q q 0 0 0 rg BT 277.00 708.80 Td (and ) Tj ET Q q 0 0 0 rg BT 290.12 708.80 Td (business ) Tj ET Q q 0 0 0 rg BT 318.81 708.80 Td (practices ) Tj ET Q q 0 0 0 rg BT 348.81 708.80 Td (that ) Tj ET Q q 0 0 0 rg BT 362.38 708.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 391.51 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 399.30 708.80 Td (evolve. ) Tj ET Q q 0 0 0 rg BT 423.86 708.80 Td (As ) Tj ET Q q 0 0 0 rg BT 434.32 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 445.67 708.80 Td (economies ) Tj ET Q q 0 0 0 rg BT 481.46 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 489.70 708.80 Td (our ) Tj ET Q q 0 0 0 rg BT 501.93 708.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 532.83 708.80 Td (conver) Tj ET Q q 0 0 0 rg BT 554.46 708.80 Td (ge ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (with ) Tj ET Q q 0 0 0 rg BT 65.96 699.20 Td (more ) Tj ET Q q 0 0 0 rg BT 84.13 699.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 118.74 699.20 Td (nations ) Tj ET Q q 0 0 0 rg BT 143.58 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 156.87 699.20 Td (their ) Tj ET Q q 0 0 0 rg BT 173.26 699.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 206.09 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 219.38 699.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 258.87 699.20 Td (infrastructures ) Tj ET Q q 0 0 0 rg BT 306.81 699.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 336.09 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 344.05 699.20 Td (develop, ) Tj ET Q q 0 0 0 rg BT 373.11 699.20 Td (we ) Tj ET Q q 0 0 0 rg BT 384.17 699.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 409.00 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.51 699.20 Td (business ) Tj ET Q q 0 0 0 rg BT 449.36 699.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 466.20 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 474.60 699.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.55 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 514.50 699.20 Td (these ) Tj ET Q q 0 0 0 rg BT 532.68 699.20 Td (countries ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (will ) Tj ET Q q 0 0 0 rg BT 64.94 689.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 94.97 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.69 689.60 Td (decline. ) Tj ET Q q 0 0 0 rg BT 131.10 689.60 Td (W) Tj ET Q q 0 0 0 rg BT 138.01 689.60 Td (e ) Tj ET Q q 0 0 0 rg BT 144.05 689.60 Td (also ) Tj ET Q q 0 0 0 rg BT 159.43 689.60 Td (have ) Tj ET Q q 0 0 0 rg BT 177.02 689.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 210.16 689.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 245.98 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.69 689.60 Td (Moldova ) Tj ET Q q 0 0 0 rg BT 286.07 689.60 Td (and ) Tj ET Q q 0 0 0 rg BT 300.11 689.60 Td (content ) Tj ET Q q 0 0 0 rg BT 326.15 689.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 365.53 689.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.35 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 410.06 689.60 Td (Hungary) Tj ET Q q 0 0 0 rg BT 437.53 689.60 Td (. ) Tj ET Q q 0 0 0 rg BT 442.03 689.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 456.96 689.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 492.77 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 501.49 689.60 Td (these ) Tj ET Q q 0 0 0 rg BT 520.42 689.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 552.23 689.60 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 86.65 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 94.88 680.00 Td (comparison ) Tj ET Q q 0 0 0 rg BT 134.20 680.00 Td (with ) Tj ET Q q 0 0 0 rg BT 150.42 680.00 Td (our ) Tj ET Q q 0 0 0 rg BT 163.09 680.00 Td (other ) Tj ET Q q 0 0 0 rg BT 181.52 680.00 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 664.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.32 664.40 Td (following ) Tj ET Q q 0 0 0 rg BT 97.32 664.40 Td (table ) Tj ET Q q 0 0 0 rg BT 114.75 664.40 Td (shows ) Tj ET Q q 0 0 0 rg BT 136.64 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 148.30 664.40 Td (per ) Tj ET Q q 0 0 0 rg BT 160.40 664.40 Td (capita ) Tj ET Q q 0 0 0 rg BT 181.38 664.40 Td (nominal ) Tj ET Q q 0 0 0 rg BT 209.49 664.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 228.26 664.40 Td (domestic ) Tj ET Q q 0 0 0 rg BT 259.03 664.40 Td (product ) Tj ET Q q 0 0 0 rg BT 285.36 664.40 Td (\(GDP\) ) Tj ET Q q 0 0 0 rg BT 315.68 664.40 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 332.00 664.40 Td (not ) Tj ET Q q 0 0 0 rg BT 344.11 664.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 372.65 664.40 Td (for ) Tj ET Q q 0 0 0 rg BT 383.87 664.40 Td (inflation\) ) Tj ET Q q 0 0 0 rg BT 415.52 664.40 Td (for ) Tj ET Q q 0 0 0 rg BT 426.74 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 438.40 664.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 465.61 664.40 Td (of ) Tj ET Q q 0 0 0 rg BT 474.16 664.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 499.59 664.40 Td (and ) Tj ET Q q 0 0 0 rg BT 513.02 664.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 538.90 664.40 Td (Europe ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 654.80 Td (in ) Tj ET Q q 0 0 0 rg BT 58.69 654.80 Td (which ) Tj ET Q q 0 0 0 rg BT 80.71 654.80 Td (we ) Tj ET Q q 0 0 0 rg BT 92.51 654.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 118.52 654.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.54 654.80 Td (for ) Tj ET Q q 0 0 0 rg BT 144.34 654.80 Td (a ) Tj ET Q q 0 0 0 rg BT 150.36 654.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 184.38 654.80 Td (group ) Tj ET Q q 0 0 0 rg BT 205.51 654.80 Td (of ) Tj ET Q q 0 0 0 rg BT 214.64 654.80 Td (1) Tj ET Q q 0 0 0 rg BT 218.35 654.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 224.82 654.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 256.61 654.80 Td (from ) Tj ET Q q 0 0 0 rg BT 274.63 654.80 Td (within ) Tj ET Q q 0 0 0 rg BT 297.54 654.80 Td (the ) Tj ET Q q 0 0 0 rg BT 309.79 654.80 Td (European ) Tj ET Q q 0 0 0 rg BT 342.91 654.80 Td (Union, ) Tj ET Q q 0 0 0 rg BT 367.38 654.80 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 416.51 654.80 Td (from ) Tj ET Q q 0 0 0 rg BT 434.35 654.80 Td (W) Tj ET Q q 0 0 0 rg BT 441.26 654.80 Td (estern ) Tj ET Q q 0 0 0 rg BT 462.83 654.80 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 490.40 654.80 Td (and ) Tj ET Q q 0 0 0 rg BT 504.42 654.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.66 654.80 Td (United ) Tj ET Q q 0 0 0 rg BT 540.91 654.80 Td (States. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 645.20 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 89.46 645.20 Td (, ) Tj ET Q q 0 0 0 rg BT 93.48 645.20 Td (the ) Tj ET Q q 0 0 0 rg BT 105.26 645.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 143.70 645.20 Td (markets\). ) Tj ET Q q 0 0 0 rg BT 179.26 645.20 Td (GDP) Tj ET Q q 0 0 0 rg BT 194.96 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 196.98 645.20 Td (is ) Tj ET Q q 0 0 0 rg BT 204.33 645.20 Td (a ) Tj ET Q q 0 0 0 rg BT 209.90 645.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 238.56 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 247.24 645.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 280.35 645.20 Td (activity ) Tj ET Q q 0 0 0 rg BT 306.36 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 319.93 645.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 354.37 645.20 Td (the ) Tj ET Q q 0 0 0 rg BT 366.16 645.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 398.83 645.20 Td (total ) Tj ET Q q 0 0 0 rg BT 415.06 645.20 Td (value ) Tj ET Q q 0 0 0 rg BT 434.40 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 443.08 645.20 Td (final ) Tj ET Q q 0 0 0 rg BT 459.75 645.20 Td (goods ) Tj ET Q q 0 0 0 rg BT 480.88 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 494.45 645.20 Td (services ) Tj ET Q q 0 0 0 rg BT 522.23 645.20 Td (produced ) Tj ET Q q 0 0 0 rg BT 554.01 645.20 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 635.60 Td (a ) Tj ET Q q 0 0 0 rg BT 55.55 635.60 Td (country ) Tj ET Q q 0 0 0 rg BT 81.99 635.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.21 635.60 Td (a ) Tj ET Q q 0 0 0 rg BT 95.76 635.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 126.64 635.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 151.07 635.60 Td (Comparative ) Tj ET Q q 0 0 0 rg BT 194.39 635.60 Td (period ) Tj ET Q q 0 0 0 rg BT 216.83 635.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 245.94 635.60 Td (have ) Tj ET Q q 0 0 0 rg BT 263.04 635.60 Td (been ) Tj ET Q q 0 0 0 rg BT 280.14 635.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 308.80 635.60 Td (to ) Tj ET Q q 0 0 0 rg BT 317.03 635.60 Td (present ) Tj ET Q q 0 0 0 rg BT 342.13 635.60 Td (GDP) Tj ET Q q 0 0 0 rg BT 357.84 635.60 Td ( ) Tj ET Q q 0 0 0 rg BT 359.84 635.60 Td (at ) Tj ET Q q 0 0 0 rg BT 367.61 635.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 396.27 635.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 428.47 635.60 Td (rates.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 610.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 610.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 610.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 610.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 610.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 610.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 610.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 610.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 610.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 610.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 580.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 580.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 580.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 580.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 580.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 580.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 580.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 580.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 580.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 580.10 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 610.1 m 261.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 610.1 m 304.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 610.1 m 347.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 610.1 m 390.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 610.1 m 432.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 610.1 m 475.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 610.1 m 518.5 610.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 610.1 m 561.5 610.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 614.33 Td (Nominal GDP per capita US$) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.00 614.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.50 614.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.50 614.33 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.50 614.33 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 614.33 Td (2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.50 614.33 Td (2008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.50 614.33 Td (2007) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.50 614.33 Td (2006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 599.35 Td (CME markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 599.35 Td (13,006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.30 599.35 Td (12,573) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.30 599.35 Td (12,291) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.30 599.35 Td (11,801) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.60 599.35 Td (11,469) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 599.35 Td (11,871) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 599.35 Td (10,675) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 599.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 599.35 Td (9,405) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.00 584.35 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.30 584.35 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.30 584.35 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.30 584.35 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.30 584.35 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.95 584.35 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.65 584.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.30 584.35 Td (11) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 584.35 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 584.35 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 584.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 569.35 Td (Developed markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 569.35 Td (45,275) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.30 569.35 Td (44,535) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.30 569.35 Td (43,577) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.30 569.35 Td (42,409) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.60 569.35 Td (41,226) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 569.35 Td (42,638) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 569.35 Td (42,136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 569.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 569.35 Td (40,494) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.00 554.35 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.30 554.35 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.30 554.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.30 554.35 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.30 554.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.30 554.35 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.30 554.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.30 554.35 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.30 554.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.95 554.35 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.65 554.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 554.35 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 554.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 554.35 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.30 554.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 554.35 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 554.35 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 541.00 Td (Source: International Monetary Fund \("IMF"\), CME estimates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 525.40 Td (The following table shows the ratio of per capita nominal GDP) Tj ET Q q 0 0 0 rg BT 251.43 525.40 Td ( at purchasing power parity \(PPP\) in our markets to that of developed markets.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 499.90 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 499.90 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 499.90 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 499.90 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 499.90 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 499.90 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 499.90 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 499.90 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 499.90 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 499.9 m 261.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 499.9 m 304.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 499.9 m 347.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 499.9 m 390.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 499.9 m 432.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 499.9 m 475.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 499.9 m 518.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 499.9 m 561.5 499.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 499.9 m 304.5 499.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 504.13 Td (Ratio of nominal GDP at PPP per capita) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.00 504.13 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.50 504.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.50 504.13 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.50 504.13 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 504.13 Td (2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.50 504.13 Td (2008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.50 504.13 Td (2007) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.50 504.13 Td (2006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 489.15 Td (CME markets as a % of developed markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.30 489.15 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.30 489.15 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.30 489.15 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.30 489.15 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.30 489.15 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.30 489.15 Td (44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 489.15 Td (42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.30 489.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 489.15 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 489.15 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 475.80 Td (Source: IMF) Tj ET Q q 0 0 0 rg BT 90.02 475.80 Td (, CME estimates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 460.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.15 460.20 Td (above ) Tj ET Q q 0 0 0 rg BT 84.97 460.20 Td (two ) Tj ET Q q 0 0 0 rg BT 98.69 460.20 Td (tables ) Tj ET Q q 0 0 0 rg BT 119.06 460.20 Td (show ) Tj ET Q q 0 0 0 rg BT 137.67 460.20 Td (that ) Tj ET Q q 0 0 0 rg BT 151.38 460.20 Td (the ) Tj ET Q q 0 0 0 rg BT 162.87 460.20 Td (level ) Tj ET Q q 0 0 0 rg BT 180.13 460.20 Td (of ) Tj ET Q q 0 0 0 rg BT 188.51 460.20 Td (nominal ) Tj ET Q q 0 0 0 rg BT 216.45 460.20 Td (GDP) Tj ET Q q 0 0 0 rg BT 232.15 460.20 Td ( ) Tj ET Q q 0 0 0 rg BT 233.87 460.20 Td (per ) Tj ET Q q 0 0 0 rg BT 245.80 460.20 Td (capita ) Tj ET Q q 0 0 0 rg BT 266.61 460.20 Td (in ) Tj ET Q q 0 0 0 rg BT 274.55 460.20 Td (our ) Tj ET Q q 0 0 0 rg BT 286.93 460.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 313.97 460.20 Td (was ) Tj ET Q q 0 0 0 rg BT 328.13 460.20 Td (conver) Tj ET Q q 0 0 0 rg BT 349.75 460.20 Td (ging ) Tj ET Q q 0 0 0 rg BT 365.69 460.20 Td (towards ) Tj ET Q q 0 0 0 rg BT 392.73 460.20 Td (the ) Tj ET Q q 0 0 0 rg BT 404.22 460.20 Td (level ) Tj ET Q q 0 0 0 rg BT 421.49 460.20 Td (of ) Tj ET Q q 0 0 0 rg BT 429.87 460.20 Td (the ) Tj ET Q q 0 0 0 rg BT 441.35 460.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 475.95 460.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 502.99 460.20 Td (fairly ) Tj ET Q q 0 0 0 rg BT 522.03 460.20 Td (significantly ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 450.60 Td (up ) Tj ET Q q 0 0 0 rg BT 59.34 450.60 Td (until ) Tj ET Q q 0 0 0 rg BT 75.35 450.60 Td (2008, ) Tj ET Q q 0 0 0 rg BT 94.68 450.60 Td (when ) Tj ET Q q 0 0 0 rg BT 113.35 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.46 450.60 Td (global ) Tj ET Q q 0 0 0 rg BT 145.80 450.60 Td (recession ) Tj ET Q q 0 0 0 rg BT 176.90 450.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 207.56 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 219.57 450.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 246.23 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.79 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 258.68 450.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 282.22 450.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 303.11 450.60 Td (than ) Tj ET Q q 0 0 0 rg BT 318.22 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.33 450.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 363.55 450.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 390.21 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.10 450.60 Td (conver) Tj ET Q q 0 0 0 rg BT 424.72 450.60 Td (gence ) Tj ET Q q 0 0 0 rg BT 444.71 450.60 Td (slowed ) Tj ET Q q 0 0 0 rg BT 468.71 450.60 Td (down. ) Tj ET Q q 0 0 0 rg BT 489.73 450.60 Td (While ) Tj ET Q q 0 0 0 rg BT 510.62 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.73 450.60 Td (conver) Tj ET Q q 0 0 0 rg BT 543.35 450.60 Td (gence ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 441.00 Td (has ) Tj ET Q q 0 0 0 rg BT 63.19 441.00 Td (stagnated ) Tj ET Q q 0 0 0 rg BT 95.93 441.00 Td (since ) Tj ET Q q 0 0 0 rg BT 114.90 441.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.20 441.00 Td (global ) Tj ET Q q 0 0 0 rg BT 149.72 441.00 Td (recession, ) Tj ET Q q 0 0 0 rg BT 184.02 441.00 Td (we ) Tj ET Q q 0 0 0 rg BT 195.87 441.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 221.50 441.00 Td (that ) Tj ET Q q 0 0 0 rg BT 236.02 441.00 Td (conver) Tj ET Q q 0 0 0 rg BT 257.65 441.00 Td (gence ) Tj ET Q q 0 0 0 rg BT 278.83 441.00 Td (of ) Tj ET Q q 0 0 0 rg BT 288.02 441.00 Td (GDP) Tj ET Q q 0 0 0 rg BT 303.73 441.00 Td ( ) Tj ET Q q 0 0 0 rg BT 306.25 441.00 Td (in ) Tj ET Q q 0 0 0 rg BT 315.00 441.00 Td (our ) Tj ET Q q 0 0 0 rg BT 328.20 441.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 356.05 441.00 Td (with ) Tj ET Q q 0 0 0 rg BT 372.80 441.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.10 441.00 Td (developed ) Tj ET Q q 0 0 0 rg BT 420.51 441.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 448.36 441.00 Td (will ) Tj ET Q q 0 0 0 rg BT 463.33 441.00 Td (revive ) Tj ET Q q 0 0 0 rg BT 485.85 441.00 Td (as ) Tj ET Q q 0 0 0 rg BT 495.04 441.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 528.67 441.00 Td (conditions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 431.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 79.94 431.40 Td (to ) Tj ET Q q 0 0 0 rg BT 88.55 431.40 Td (improve ) Tj ET Q q 0 0 0 rg BT 117.60 431.40 Td (and ) Tj ET Q q 0 0 0 rg BT 131.55 431.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 157.49 431.40 Td (of ) Tj ET Q q 0 0 0 rg BT 166.54 431.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 189.37 431.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 214.43 431.40 Td (return. ) Tj ET Q q 0 0 0 rg BT 237.40 431.40 Td (As ) Tj ET Q q 0 0 0 rg BT 248.68 431.40 Td (our ) Tj ET Q q 0 0 0 rg BT 261.73 431.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 289.45 431.40 Td (grow) Tj ET Q q 0 0 0 rg BT 305.37 431.40 Td (, ) Tj ET Q q 0 0 0 rg BT 309.76 431.40 Td (the ) Tj ET Q q 0 0 0 rg BT 321.93 431.40 Td (level ) Tj ET Q q 0 0 0 rg BT 339.87 431.40 Td (of ) Tj ET Q q 0 0 0 rg BT 348.92 431.40 Td (disposable ) Tj ET Q q 0 0 0 rg BT 385.09 431.40 Td (income ) Tj ET Q q 0 0 0 rg BT 411.02 431.40 Td (of ) Tj ET Q q 0 0 0 rg BT 420.08 431.40 Td (the ) Tj ET Q q 0 0 0 rg BT 432.25 431.40 Td (population ) Tj ET Q q 0 0 0 rg BT 468.86 431.40 Td (increases, ) Tj ET Q q 0 0 0 rg BT 502.56 431.40 Td (which ) Tj ET Q q 0 0 0 rg BT 524.51 431.40 Td (provides ) Tj ET Q q 0 0 0 rg BT 554.45 431.40 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 421.80 Td (incentive ) Tj ET Q q 0 0 0 rg BT 81.32 421.80 Td (for ) Tj ET Q q 0 0 0 rg BT 92.65 421.80 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 129.30 421.80 Td (to ) Tj ET Q q 0 0 0 rg BT 137.52 421.80 Td (advertise ) Tj ET Q q 0 0 0 rg BT 168.40 421.80 Td (their ) Tj ET Q q 0 0 0 rg BT 185.06 421.80 Td (products.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 406.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.43 406.20 Td (following ) Tj ET Q q 0 0 0 rg BT 97.53 406.20 Td (table ) Tj ET Q q 0 0 0 rg BT 115.06 406.20 Td (shows ) Tj ET Q q 0 0 0 rg BT 137.05 406.20 Td (total ) Tj ET Q q 0 0 0 rg BT 153.26 406.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 190.80 406.20 Td (spend ) Tj ET Q q 0 0 0 rg BT 211.45 406.20 Td (per ) Tj ET Q q 0 0 0 rg BT 223.66 406.20 Td (capita ) Tj ET Q q 0 0 0 rg BT 244.74 406.20 Td (in ) Tj ET Q q 0 0 0 rg BT 252.96 406.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.72 406.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 292.03 406.20 Td (of ) Tj ET Q q 0 0 0 rg BT 300.68 406.20 Td (Central ) Tj ET Q q 0 0 0 rg BT 326.22 406.20 Td (and ) Tj ET Q q 0 0 0 rg BT 339.76 406.20 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 365.74 406.20 Td (Europe ) Tj ET Q q 0 0 0 rg BT 390.83 406.20 Td (in ) Tj ET Q q 0 0 0 rg BT 399.04 406.20 Td (which ) Tj ET Q q 0 0 0 rg BT 420.58 406.20 Td (we ) Tj ET Q q 0 0 0 rg BT 431.90 406.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 457.43 406.20 Td (and ) Tj ET Q q 0 0 0 rg BT 470.97 406.20 Td (for ) Tj ET Q q 0 0 0 rg BT 482.28 406.20 Td (the ) Tj ET Q q 0 0 0 rg BT 494.05 406.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 528.91 406.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 556.22 406.20 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 396.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 78.66 396.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 110.86 396.60 Td (rates:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 371.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 371.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 371.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 371.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 371.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 371.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 371.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 371.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 371.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 371.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 341.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 341.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 341.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 341.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 341.10 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 341.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 341.10 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 341.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 341.10 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 371.1 m 261.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 371.1 m 304.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 371.1 m 347.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 371.1 m 390.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 371.1 m 432.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 371.1 m 475.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 371.1 m 518.5 371.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 371.1 m 561.5 371.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 375.33 Td (Total advertising spend per capita US$) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.00 375.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.50 375.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.50 375.33 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.50 375.33 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 375.33 Td (2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.50 375.33 Td (2008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.50 375.33 Td (2007) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.50 375.33 Td (2006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 360.35 Td (CME markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.65 360.35 Td (35) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.65 360.35 Td (36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.65 360.35 Td (39) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.65 360.35 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 360.35 Td (42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.65 360.35 Td (57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 360.35 Td (52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 360.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 360.35 Td (46) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.00 345.35 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.95 345.35 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.65 345.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.95 345.35 Td (\(8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.65 345.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.95 345.35 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.65 345.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.95 345.35 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.65 345.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.95 345.35 Td (\(26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.65 345.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.65 345.35 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 345.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 345.35 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.30 345.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 345.35 Td (16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 345.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 330.35 Td (Developed markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.60 330.35 Td (347) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.65 330.35 Td (347) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.65 330.35 Td (348) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.65 330.35 Td (344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.60 330.35 Td (340) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.65 330.35 Td (377) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.30 330.35 Td (390) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 330.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 330.35 Td (385) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.00 315.35 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.65 315.35 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.30 315.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.65 315.35 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.30 315.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.65 315.35 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.25 315.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.65 315.35 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.25 315.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.95 315.35 Td (\(10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.65 315.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.95 315.35 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.65 315.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 315.35 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.30 315.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 315.35 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 315.35 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 302.00 Td (Source: CME estimates, Group M, IMF) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 286.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.86 286.40 Td (ratio ) Tj ET Q q 0 0 0 rg BT 79.94 286.40 Td (of ) Tj ET Q q 0 0 0 rg BT 88.03 286.40 Td (total ) Tj ET Q q 0 0 0 rg BT 103.67 286.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 140.64 286.40 Td (spend ) Tj ET Q q 0 0 0 rg BT 160.73 286.40 Td (per ) Tj ET Q q 0 0 0 rg BT 172.37 286.40 Td (capita ) Tj ET Q q 0 0 0 rg BT 192.89 286.40 Td (to ) Tj ET Q q 0 0 0 rg BT 200.53 286.40 Td (nominal ) Tj ET Q q 0 0 0 rg BT 228.17 286.40 Td (GDP) Tj ET Q q 0 0 0 rg BT 243.88 286.40 Td ( ) Tj ET Q q 0 0 0 rg BT 245.30 286.40 Td (per ) Tj ET Q q 0 0 0 rg BT 256.94 286.40 Td (capita, ) Tj ET Q q 0 0 0 rg BT 279.46 286.40 Td (also ) Tj ET Q q 0 0 0 rg BT 293.77 286.40 Td (known ) Tj ET Q q 0 0 0 rg BT 316.97 286.40 Td (as ) Tj ET Q q 0 0 0 rg BT 325.06 286.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 362.03 286.40 Td (intensity) Tj ET Q q 0 0 0 rg BT 389.06 286.40 Td (, ) Tj ET Q q 0 0 0 rg BT 392.49 286.40 Td (was ) Tj ET Q q 0 0 0 rg BT 406.35 286.40 Td (conver) Tj ET Q q 0 0 0 rg BT 427.97 286.40 Td (ging ) Tj ET Q q 0 0 0 rg BT 443.62 286.40 Td (until ) Tj ET Q q 0 0 0 rg BT 459.71 286.40 Td (2008 ) Tj ET Q q 0 0 0 rg BT 477.13 286.40 Td (and ) Tj ET Q q 0 0 0 rg BT 490.10 286.40 Td (had ) Tj ET Q q 0 0 0 rg BT 503.08 286.40 Td (risen ) Tj ET Q q 0 0 0 rg BT 520.05 286.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.70 286.40 Td (a ) Tj ET Q q 0 0 0 rg BT 532.67 286.40 Td (weighted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 276.80 Td (average ) Tj ET Q q 0 0 0 rg BT 77.23 276.80 Td (level ) Tj ET Q q 0 0 0 rg BT 95.14 276.80 Td (in ) Tj ET Q q 0 0 0 rg BT 103.72 276.80 Td (our ) Tj ET Q q 0 0 0 rg BT 116.75 276.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 144.44 276.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.46 276.80 Td (0.48%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 174.13 276.80 Td ( ) Tj ET Q q 0 0 0 rg BT 176.49 276.80 Td (in ) Tj ET Q q 0 0 0 rg BT 185.07 276.80 Td (2008 ) Tj ET Q q 0 0 0 rg BT 203.44 276.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 237.34 276.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.92 276.80 Td (0.88%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.59 276.80 Td ( ) Tj ET Q q 0 0 0 rg BT 268.95 276.80 Td (in ) Tj ET Q q 0 0 0 rg BT 277.53 276.80 Td (the ) Tj ET Q q 0 0 0 rg BT 289.67 276.80 Td (developed ) Tj ET Q q 0 0 0 rg BT 324.91 276.80 Td (markets. ) Tj ET Q q 0 0 0 rg BT 354.59 276.80 Td (Due ) Tj ET Q q 0 0 0 rg BT 370.28 276.80 Td (to ) Tj ET Q q 0 0 0 rg BT 378.87 276.80 Td (the ) Tj ET Q q 0 0 0 rg BT 391.00 276.80 Td (protracted ) Tj ET Q q 0 0 0 rg BT 425.79 276.80 Td (period ) Tj ET Q q 0 0 0 rg BT 448.59 276.80 Td (of ) Tj ET Q q 0 0 0 rg BT 457.62 276.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 495.53 276.80 Td (market ) Tj ET Q q 0 0 0 rg BT 520.10 276.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 545.56 276.80 Td (since ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 267.20 Td (2008, ) Tj ET Q q 0 0 0 rg BT 70.13 267.20 Td (the ) Tj ET Q q 0 0 0 rg BT 82.03 267.20 Td (weighted ) Tj ET Q q 0 0 0 rg BT 113.48 267.20 Td (average ) Tj ET Q q 0 0 0 rg BT 140.47 267.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 178.14 267.20 Td (intensity ) Tj ET Q q 0 0 0 rg BT 207.82 267.20 Td (in ) Tj ET Q q 0 0 0 rg BT 216.17 267.20 Td (CME ) Tj ET Q q 0 0 0 rg BT 235.63 267.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 263.08 267.20 Td (fell ) Tj ET Q q 0 0 0 rg BT 275.87 267.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.22 267.20 Td (0.27%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.88 267.20 Td ( ) Tj ET Q q 0 0 0 rg BT 307.01 267.20 Td (in ) Tj ET Q q 0 0 0 rg BT 315.36 267.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 333.48 267.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 367.15 267.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.50 267.20 Td (0.77%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.16 267.20 Td ( ) Tj ET Q q 0 0 0 rg BT 398.29 267.20 Td (in ) Tj ET Q q 0 0 0 rg BT 406.63 267.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 441.64 267.20 Td (markets, ) Tj ET Q q 0 0 0 rg BT 471.09 267.20 Td (a ) Tj ET Q q 0 0 0 rg BT 476.76 267.20 Td (slight ) Tj ET Q q 0 0 0 rg BT 496.67 267.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 526.33 267.20 Td (from ) Tj ET Q q 0 0 0 rg BT 544.00 267.20 Td (2012, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 257.60 Td (where ) Tj ET Q q 0 0 0 rg BT 71.45 257.60 Td (ad ) Tj ET Q q 0 0 0 rg BT 80.90 257.60 Td (intensity ) Tj ET Q q 0 0 0 rg BT 110.36 257.60 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 124.71 257.60 Td (0.29%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.38 257.60 Td ( ) Tj ET Q q 0 0 0 rg BT 147.28 257.60 Td (in ) Tj ET Q q 0 0 0 rg BT 155.41 257.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.98 257.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 195.21 257.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.66 257.60 Td (0.78%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.33 257.60 Td ( ) Tj ET Q q 0 0 0 rg BT 231.23 257.60 Td (in ) Tj ET Q q 0 0 0 rg BT 239.36 257.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 274.14 257.60 Td (markets, ) Tj ET Q q 0 0 0 rg BT 303.37 257.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 341.50 257.60 Td (. ) Tj ET Q q 0 0 0 rg BT 345.27 257.60 Td (W) Tj ET Q q 0 0 0 rg BT 352.18 257.60 Td (e ) Tj ET Q q 0 0 0 rg BT 357.63 257.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 380.41 257.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 417.87 257.60 Td (intensity ) Tj ET Q q 0 0 0 rg BT 447.33 257.60 Td (to ) Tj ET Q q 0 0 0 rg BT 455.45 257.60 Td (begin ) Tj ET Q q 0 0 0 rg BT 475.13 257.60 Td (conver) Tj ET Q q 0 0 0 rg BT 496.75 257.60 Td (ging ) Tj ET Q q 0 0 0 rg BT 512.88 257.60 Td (again ) Tj ET Q q 0 0 0 rg BT 532.11 257.60 Td (when ) Tj ET Q q 0 0 0 rg BT 551.34 257.60 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 248.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 77.00 248.00 Td (recover) Tj ET Q q 0 0 0 rg BT 100.66 248.00 Td (, ) Tj ET Q q 0 0 0 rg BT 104.33 248.00 Td (at ) Tj ET Q q 0 0 0 rg BT 111.78 248.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 136.12 248.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 152.90 248.00 Td (that ) Tj ET Q q 0 0 0 rg BT 166.57 248.00 Td (are ) Tj ET Q q 0 0 0 rg BT 178.01 248.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 200.12 248.00 Td (than ) Tj ET Q q 0 0 0 rg BT 215.57 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.02 248.00 Td (developed ) Tj ET Q q 0 0 0 rg BT 261.57 248.00 Td (markets. ) Tj ET Q q 0 0 0 rg BT 290.57 248.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 334.23 248.00 Td (we ) Tj ET Q q 0 0 0 rg BT 345.23 248.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 367.78 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.23 248.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 392.89 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 401.23 248.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 429.11 248.00 Td (to ) Tj ET Q q 0 0 0 rg BT 437.01 248.00 Td (be ) Tj ET Q q 0 0 0 rg BT 446.23 248.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 470.11 248.00 Td (in ) Tj ET Q q 0 0 0 rg BT 478.01 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 489.46 248.00 Td (first ) Tj ET Q q 0 0 0 rg BT 504.02 248.00 Td (years ) Tj ET Q q 0 0 0 rg BT 522.57 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 530.91 248.00 Td (economic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 238.40 Td (recovery ) Tj ET Q q 0 0 0 rg BT 79.98 238.40 Td (as ) Tj ET Q q 0 0 0 rg BT 88.64 238.40 Td (our ) Tj ET Q q 0 0 0 rg BT 101.31 238.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 128.63 238.40 Td (resume ) Tj ET Q q 0 0 0 rg BT 153.73 238.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 178.40 238.40 Td (from ) Tj ET Q q 0 0 0 rg BT 195.95 238.40 Td (a ) Tj ET Q q 0 0 0 rg BT 201.50 238.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 221.71 238.40 Td (base.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 222.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.95 222.80 Td (conver) Tj ET Q q 0 0 0 rg BT 85.57 222.80 Td (gence ) Tj ET Q q 0 0 0 rg BT 105.73 222.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.91 222.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 150.96 222.80 Td (intensity ) Tj ET Q q 0 0 0 rg BT 180.03 222.80 Td (is ) Tj ET Q q 0 0 0 rg BT 186.88 222.80 Td (driven ) Tj ET Q q 0 0 0 rg BT 208.83 222.80 Td (by ) Tj ET Q q 0 0 0 rg BT 218.34 222.80 Td (several ) Tj ET Q q 0 0 0 rg BT 242.50 222.80 Td (factors, ) Tj ET Q q 0 0 0 rg BT 267.78 222.80 Td (including ) Tj ET Q q 0 0 0 rg BT 299.50 222.80 Td (the ) Tj ET Q q 0 0 0 rg BT 310.79 222.80 Td (introduction ) Tj ET Q q 0 0 0 rg BT 351.41 222.80 Td (of ) Tj ET Q q 0 0 0 rg BT 359.58 222.80 Td (premium ) Tj ET Q q 0 0 0 rg BT 389.97 222.80 Td (products ) Tj ET Q q 0 0 0 rg BT 419.04 222.80 Td (into ) Tj ET Q q 0 0 0 rg BT 432.99 222.80 Td (the ) Tj ET Q q 0 0 0 rg BT 444.28 222.80 Td (market ) Tj ET Q q 0 0 0 rg BT 468.00 222.80 Td (by ) Tj ET Q q 0 0 0 rg BT 477.51 222.80 Td (new ) Tj ET Q q 0 0 0 rg BT 492.35 222.80 Td (or ) Tj ET Q q 0 0 0 rg BT 500.52 222.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 527.36 222.80 Td (advertisers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 213.20 Td (aiming ) Tj ET Q q 0 0 0 rg BT 75.65 213.20 Td (to ) Tj ET Q q 0 0 0 rg BT 85.30 213.20 Td (capture ) Tj ET Q q 0 0 0 rg BT 112.26 213.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.89 213.20 Td (consumer ) Tj ET Q q 0 0 0 rg BT 180.42 213.20 Td (disposable ) Tj ET Q q 0 0 0 rg BT 217.63 213.20 Td (income. ) Tj ET Q q 0 0 0 rg BT 246.60 213.20 Td (In ) Tj ET Q q 0 0 0 rg BT 256.69 213.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.89 213.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 306.20 213.20 Td (markets, ) Tj ET Q q 0 0 0 rg BT 336.95 213.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.15 213.20 Td (marketing ) Tj ET Q q 0 0 0 rg BT 386.01 213.20 Td (of ) Tj ET Q q 0 0 0 rg BT 396.10 213.20 Td (premium ) Tj ET Q q 0 0 0 rg BT 428.41 213.20 Td (products, ) Tj ET Q q 0 0 0 rg BT 461.39 213.20 Td (including ) Tj ET Q q 0 0 0 rg BT 495.04 213.20 Td (finance, ) Tj ET Q q 0 0 0 rg BT 524.00 213.20 Td (automotive, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 203.60 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 95.75 203.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.06 203.60 Td (travel ) Tj ET Q q 0 0 0 rg BT 129.04 203.60 Td (products, ) Tj ET Q q 0 0 0 rg BT 160.36 203.60 Td (makes ) Tj ET Q q 0 0 0 rg BT 182.56 203.60 Td (up ) Tj ET Q q 0 0 0 rg BT 192.32 203.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.86 203.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 232.73 203.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.16 203.60 Td (current ) Tj ET Q q 0 0 0 rg BT 265.58 203.60 Td (television ) Tj ET Q q 0 0 0 rg BT 298.45 203.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 335.77 203.60 Td (spend. ) Tj ET Q q 0 0 0 rg BT 358.20 203.60 Td (In ) Tj ET Q q 0 0 0 rg BT 366.63 203.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.16 203.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 405.25 203.60 Td (in ) Tj ET Q q 0 0 0 rg BT 413.24 203.60 Td (which ) Tj ET Q q 0 0 0 rg BT 434.56 203.60 Td (we ) Tj ET Q q 0 0 0 rg BT 445.65 203.60 Td (operate, ) Tj ET Q q 0 0 0 rg BT 472.96 203.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 491.16 203.60 Td (products ) Tj ET Q q 0 0 0 rg BT 520.48 203.60 Td (such ) Tj ET Q q 0 0 0 rg BT 536.91 203.60 Td (as ) Tj ET Q q 0 0 0 rg BT 545.34 203.60 Td (food, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 194.00 Td (beverages ) Tj ET Q q 0 0 0 rg BT 83.98 194.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.53 194.00 Td (household ) Tj ET Q q 0 0 0 rg BT 132.42 194.00 Td (cleaning ) Tj ET Q q 0 0 0 rg BT 161.52 194.00 Td (supplies ) Tj ET Q q 0 0 0 rg BT 189.74 194.00 Td (comprise ) Tj ET Q q 0 0 0 rg BT 221.06 194.00 Td (the ) Tj ET Q q 0 0 0 rg BT 232.84 194.00 Td (main ) Tj ET Q q 0 0 0 rg BT 250.83 194.00 Td (source ) Tj ET Q q 0 0 0 rg BT 273.71 194.00 Td (of ) Tj ET Q q 0 0 0 rg BT 282.38 194.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 319.92 194.00 Td (revenues.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 178.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.72 178.40 Td (following ) Tj ET Q q 0 0 0 rg BT 96.11 178.40 Td (table ) Tj ET Q q 0 0 0 rg BT 112.94 178.40 Td (shows ) Tj ET Q q 0 0 0 rg BT 134.23 178.40 Td (a ) Tj ET Q q 0 0 0 rg BT 139.06 178.40 Td (comparison ) Tj ET Q q 0 0 0 rg BT 177.67 178.40 Td (of ) Tj ET Q q 0 0 0 rg BT 185.62 178.40 Td (the ) Tj ET Q q 0 0 0 rg BT 196.68 178.40 Td (allocation ) Tj ET Q q 0 0 0 rg BT 229.50 178.40 Td (of ) Tj ET Q q 0 0 0 rg BT 237.45 178.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 274.28 178.40 Td (budgets ) Tj ET Q q 0 0 0 rg BT 300.45 178.40 Td (between ) Tj ET Q q 0 0 0 rg BT 328.38 178.40 Td (basic ) Tj ET Q q 0 0 0 rg BT 346.11 178.40 Td (and ) Tj ET Q q 0 0 0 rg BT 358.94 178.40 Td (premium ) Tj ET Q q 0 0 0 rg BT 389.11 178.40 Td (products ) Tj ET Q q 0 0 0 rg BT 417.94 178.40 Td (in ) Tj ET Q q 0 0 0 rg BT 425.45 178.40 Td (our ) Tj ET Q q 0 0 0 rg BT 437.39 178.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 464.00 178.40 Td (versus ) Tj ET Q q 0 0 0 rg BT 485.72 178.40 Td (those ) Tj ET Q q 0 0 0 rg BT 503.89 178.40 Td (in ) Tj ET Q q 0 0 0 rg BT 511.40 178.40 Td (more ) Tj ET Q q 0 0 0 rg BT 529.12 178.40 Td (developed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 168.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 81.32 168.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.55 168.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.55 168.80 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 143.30 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 143.30 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 143.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 143.30 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 113.30 256.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 113.30 126.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 113.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 113.30 126.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 143.29999999999995 m 432.5 143.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 143.29999999999995 m 562.5 143.29999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 147.53 Td (Mix of advertised products) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.65 147.53 Td (CME markets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.20 147.53 Td (Developed markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 132.55 Td (Premium) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.65 132.55 Td (34%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.65 132.55 Td (63%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 117.55 Td (Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.65 117.55 Td (62%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.65 117.55 Td (32%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 102.55 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.65 102.55 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.65 102.55 Td (5%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 89.20 Td (Source: CME estimates, Group M) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 73.60 Td (Similar ) Tj ET Q q 0 0 0 rg BT 74.91 73.60 Td (to ) Tj ET Q q 0 0 0 rg BT 82.49 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 93.63 73.60 Td (trends ) Tj ET Q q 0 0 0 rg BT 114.54 73.60 Td (described ) Tj ET Q q 0 0 0 rg BT 146.55 73.60 Td (above, ) Tj ET Q q 0 0 0 rg BT 169.01 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.14 73.60 Td (proportion ) Tj ET Q q 0 0 0 rg BT 215.27 73.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.29 73.60 Td (premium ) Tj ET Q q 0 0 0 rg BT 253.53 73.60 Td (goods ) Tj ET Q q 0 0 0 rg BT 274.00 73.60 Td (advertised ) Tj ET Q q 0 0 0 rg BT 308.24 73.60 Td (in ) Tj ET Q q 0 0 0 rg BT 315.82 73.60 Td (our ) Tj ET Q q 0 0 0 rg BT 327.84 73.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 354.52 73.60 Td (gradually ) Tj ET Q q 0 0 0 rg BT 386.09 73.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 417.66 73.60 Td (over ) Tj ET Q q 0 0 0 rg BT 433.23 73.60 Td (time ) Tj ET Q q 0 0 0 rg BT 448.81 73.60 Td (through ) Tj ET Q q 0 0 0 rg BT 475.05 73.60 Td (2008. ) Tj ET Q q 0 0 0 rg BT 494.41 73.60 Td (During ) Tj ET Q q 0 0 0 rg BT 518.43 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.56 73.60 Td (prolonged ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 64.00 Td (period ) Tj ET Q q 0 0 0 rg BT 71.93 64.00 Td (of ) Tj ET Q q 0 0 0 rg BT 80.08 64.00 Td (television ) Tj ET Q q 0 0 0 rg BT 112.67 64.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 149.71 64.00 Td (spend ) Tj ET Q q 0 0 0 rg BT 169.86 64.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 194.45 64.00 Td (in ) Tj ET Q q 0 0 0 rg BT 202.16 64.00 Td (our ) Tj ET Q q 0 0 0 rg BT 214.31 64.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 241.12 64.00 Td (since ) Tj ET Q q 0 0 0 rg BT 259.05 64.00 Td (2008, ) Tj ET Q q 0 0 0 rg BT 278.54 64.00 Td (we ) Tj ET Q q 0 0 0 rg BT 289.35 64.00 Td (have ) Tj ET Q q 0 0 0 rg BT 305.94 64.00 Td (seen ) Tj ET Q q 0 0 0 rg BT 321.64 64.00 Td (a ) Tj ET Q q 0 0 0 rg BT 326.68 64.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 355.70 64.00 Td (in ) Tj ET Q q 0 0 0 rg BT 363.41 64.00 Td (the ) Tj ET Q q 0 0 0 rg BT 374.68 64.00 Td (proportion ) Tj ET Q q 0 0 0 rg BT 409.94 64.00 Td (of ) Tj ET Q q 0 0 0 rg BT 418.09 64.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 455.13 64.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 485.04 64.00 Td (from ) Tj ET Q q 0 0 0 rg BT 502.08 64.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 532.45 64.00 Td (products, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 54.40 Td (which ) Tj ET Q q 0 0 0 rg BT 71.56 54.40 Td (we ) Tj ET Q q 0 0 0 rg BT 82.90 54.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 108.01 54.40 Td (is ) Tj ET Q q 0 0 0 rg BT 115.36 54.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 139.14 54.40 Td (by ) Tj ET Q q 0 0 0 rg BT 149.15 54.40 Td (a ) Tj ET Q q 0 0 0 rg BT 154.72 54.40 Td (weakening ) Tj ET Q q 0 0 0 rg BT 191.38 54.40 Td (of ) Tj ET Q q 0 0 0 rg BT 200.06 54.40 Td (consumer ) Tj ET Q q 0 0 0 rg BT 233.17 54.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 260.51 54.40 Td (for ) Tj ET Q q 0 0 0 rg BT 271.85 54.40 Td (such ) Tj ET Q q 0 0 0 rg BT 288.53 54.40 Td (products ) Tj ET Q q 0 0 0 rg BT 318.09 54.40 Td (in ) Tj ET Q q 0 0 0 rg BT 326.33 54.40 Td (the ) Tj ET Q q 0 0 0 rg BT 338.11 54.40 Td (recessionary ) Tj ET Q q 0 0 0 rg BT 380.11 54.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 404.41 54.40 Td (When ) Tj ET Q q 0 0 0 rg BT 425.53 54.40 Td (our ) Tj ET Q q 0 0 0 rg BT 438.20 54.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 465.54 54.40 Td (return ) Tj ET Q q 0 0 0 rg BT 486.65 54.40 Td (to ) Tj ET Q q 0 0 0 rg BT 494.89 54.40 Td (growth, ) Tj ET Q q 0 0 0 rg BT 521.57 54.40 Td (we ) Tj ET Q q 0 0 0 rg BT 532.91 54.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 555.79 54.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 44.80 Td (see ) Tj ET Q q 0 0 0 rg BT 62.21 44.80 Td (the ) Tj ET Q q 0 0 0 rg BT 73.99 44.80 Td (historic ) Tj ET Q q 0 0 0 rg BT 99.98 44.80 Td (trend ) Tj ET Q q 0 0 0 rg BT 118.42 44.80 Td (of ) Tj ET Q q 0 0 0 rg BT 127.09 44.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 159.29 44.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 196.84 44.80 Td (of ) Tj ET Q q 0 0 0 rg BT 205.50 44.80 Td (premium ) Tj ET Q q 0 0 0 rg BT 236.38 44.80 Td (products ) Tj ET Q q 0 0 0 rg BT 265.93 44.80 Td (to ) Tj ET Q q 0 0 0 rg BT 274.16 44.80 Td (resume.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.06 743.50 Td (following ) Tj ET Q q 0 0 0 rg BT 96.80 743.50 Td (table ) Tj ET Q q 0 0 0 rg BT 113.97 743.50 Td (shows ) Tj ET Q q 0 0 0 rg BT 135.60 743.50 Td (television ) Tj ET Q q 0 0 0 rg BT 168.33 743.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 205.50 743.50 Td (spend ) Tj ET Q q 0 0 0 rg BT 225.79 743.50 Td (per ) Tj ET Q q 0 0 0 rg BT 237.63 743.50 Td (capita ) Tj ET Q q 0 0 0 rg BT 258.35 743.50 Td (in ) Tj ET Q q 0 0 0 rg BT 266.20 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 277.60 743.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 304.55 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 312.84 743.50 Td (Central ) Tj ET Q q 0 0 0 rg BT 338.01 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 351.18 743.50 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 376.80 743.50 Td (Europe ) Tj ET Q q 0 0 0 rg BT 401.52 743.50 Td (in ) Tj ET Q q 0 0 0 rg BT 409.37 743.50 Td (which ) Tj ET Q q 0 0 0 rg BT 430.55 743.50 Td (we ) Tj ET Q q 0 0 0 rg BT 441.50 743.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 466.66 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 479.84 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 490.79 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 502.19 743.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 536.69 743.50 Td (markets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (at ) Tj ET Q q 0 0 0 rg BT 57.77 733.90 Td (constant ) Tj ET Q q 0 0 0 rg BT 86.43 733.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 118.64 733.90 Td (rates:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 707.40 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 707.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 707.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 677.40 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 677.40 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 677.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 677.40 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 707.4 m 239.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 707.4 m 285.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 707.4 m 331.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 707.4 m 377.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 707.4 m 423.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 707.4 m 469.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 707.4 m 515.5 707.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 707.4 m 561.5 707.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 711.63 Td (TV advertising spend per capita US$) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 210.00 711.63 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.00 711.63 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.00 711.63 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 711.63 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.00 711.63 Td (2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 711.63 Td (2008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 711.63 Td (2007) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.00 711.63 Td (2006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 696.65 Td (CME markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.65 696.65 Td (18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.65 696.65 Td (20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.30 696.65 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.65 696.65 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 696.65 Td (21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.65 696.65 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.65 696.65 Td (25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 696.65 Td (21) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.00 681.65 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.95 681.65 Td (\(7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.65 681.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.95 681.65 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.65 681.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.30 681.65 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 681.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.95 681.65 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.65 681.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.95 681.65 Td (\(24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.65 681.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.65 681.65 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 681.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.65 681.65 Td (17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.30 681.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 681.65 Td (17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 681.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 666.65 Td (Developed markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.65 666.65 Td (149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.65 666.65 Td (149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.30 666.65 Td (149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.65 666.65 Td (146) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.65 666.65 Td (139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.65 666.65 Td (152) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.65 666.65 Td (153) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 666.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 666.65 Td (156) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.00 651.65 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.65 651.65 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 651.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.65 651.65 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 651.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.30 651.65 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 651.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.65 651.65 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.25 651.65 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.95 651.65 Td (\(8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.65 651.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.95 651.65 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.65 651.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.95 651.65 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.65 651.65 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 651.65 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 651.65 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 638.30 Td (Source: CME estimates, Group M, IMF) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.13 622.70 Td (preceding ) Tj ET Q q 0 0 0 rg BT 97.35 622.70 Td (tables ) Tj ET Q q 0 0 0 rg BT 117.70 622.70 Td (indicate ) Tj ET Q q 0 0 0 rg BT 144.71 622.70 Td (that ) Tj ET Q q 0 0 0 rg BT 158.39 622.70 Td (television ) Tj ET Q q 0 0 0 rg BT 191.18 622.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 228.42 622.70 Td (spend ) Tj ET Q q 0 0 0 rg BT 248.77 622.70 Td (per ) Tj ET Q q 0 0 0 rg BT 260.67 622.70 Td (capita ) Tj ET Q q 0 0 0 rg BT 281.46 622.70 Td (in ) Tj ET Q q 0 0 0 rg BT 289.37 622.70 Td (our ) Tj ET Q q 0 0 0 rg BT 301.72 622.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 328.73 622.70 Td (grew ) Tj ET Q q 0 0 0 rg BT 346.41 622.70 Td (at ) Tj ET Q q 0 0 0 rg BT 353.87 622.70 Td (a ) Tj ET Q q 0 0 0 rg BT 359.11 622.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 400.79 622.70 Td (faster ) Tj ET Q q 0 0 0 rg BT 420.24 622.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 433.92 622.70 Td (than ) Tj ET Q q 0 0 0 rg BT 449.38 622.70 Td (in ) Tj ET Q q 0 0 0 rg BT 457.29 622.70 Td (developed ) Tj ET Q q 0 0 0 rg BT 491.85 622.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 518.86 622.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 536.10 622.70 Td (to ) Tj ET Q q 0 0 0 rg BT 544.01 622.70 Td (2008, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (but ) Tj ET Q q 0 0 0 rg BT 62.57 613.10 Td (also ) Tj ET Q q 0 0 0 rg BT 77.81 613.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 107.25 613.10 Td (at ) Tj ET Q q 0 0 0 rg BT 115.38 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.27 613.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 141.39 613.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 155.73 613.10 Td (than ) Tj ET Q q 0 0 0 rg BT 171.85 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.42 613.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 215.64 613.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 243.32 613.10 Td (during ) Tj ET Q q 0 0 0 rg BT 266.55 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.67 613.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 300.56 613.10 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 335.35 613.10 Td (period ) Tj ET Q q 0 0 0 rg BT 358.13 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.15 613.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 405.04 613.10 Td (market ) Tj ET Q q 0 0 0 rg BT 429.60 613.10 Td (decline. ) Tj ET Q q 0 0 0 rg BT 456.88 613.10 Td (T) Tj ET Q q 0 0 0 rg BT 461.21 613.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 492.44 613.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 530.33 613.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 551.34 613.10 Td (has ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.50 Td (grown ) Tj ET Q q 0 0 0 rg BT 72.59 603.50 Td (as ) Tj ET Q q 0 0 0 rg BT 81.40 603.50 Td (a ) Tj ET Q q 0 0 0 rg BT 87.10 603.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 123.89 603.50 Td (of ) Tj ET Q q 0 0 0 rg BT 132.70 603.50 Td (total ) Tj ET Q q 0 0 0 rg BT 149.07 603.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 186.77 603.50 Td (spend ) Tj ET Q q 0 0 0 rg BT 207.58 603.50 Td (in ) Tj ET Q q 0 0 0 rg BT 215.95 603.50 Td (our ) Tj ET Q q 0 0 0 rg BT 228.76 603.50 Td (markets, ) Tj ET Q q 0 0 0 rg BT 258.23 603.50 Td (as ) Tj ET Q q 0 0 0 rg BT 267.05 603.50 Td (shown ) Tj ET Q q 0 0 0 rg BT 290.09 603.50 Td (below) Tj ET Q q 0 0 0 rg BT 309.12 603.50 Td (. ) Tj ET Q q 0 0 0 rg BT 313.27 603.50 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 357.40 603.50 Td (since ) Tj ET Q q 0 0 0 rg BT 375.99 603.50 Td (television ) Tj ET Q q 0 0 0 rg BT 409.24 603.50 Td (was ) Tj ET Q q 0 0 0 rg BT 423.83 603.50 Td (commercialized ) Tj ET Q q 0 0 0 rg BT 477.06 603.50 Td (in ) Tj ET Q q 0 0 0 rg BT 485.43 603.50 Td (our ) Tj ET Q q 0 0 0 rg BT 498.25 603.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 525.72 603.50 Td (at ) Tj ET Q q 0 0 0 rg BT 533.64 603.50 Td (the ) Tj ET Q q 0 0 0 rg BT 545.56 603.50 Td (same ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 593.90 Td (time ) Tj ET Q q 0 0 0 rg BT 66.47 593.90 Td (as ) Tj ET Q q 0 0 0 rg BT 75.38 593.90 Td (other ) Tj ET Q q 0 0 0 rg BT 94.06 593.90 Td (forms ) Tj ET Q q 0 0 0 rg BT 114.98 593.90 Td (of ) Tj ET Q q 0 0 0 rg BT 123.89 593.90 Td (media, ) Tj ET Q q 0 0 0 rg BT 147.68 593.90 Td (television ) Tj ET Q q 0 0 0 rg BT 181.04 593.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 218.83 593.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 250.84 593.90 Td (accounts ) Tj ET Q q 0 0 0 rg BT 281.08 593.90 Td (for ) Tj ET Q q 0 0 0 rg BT 292.65 593.90 Td (a ) Tj ET Q q 0 0 0 rg BT 298.45 593.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 321.14 593.90 Td (proportion ) Tj ET Q q 0 0 0 rg BT 357.16 593.90 Td (of ) Tj ET Q q 0 0 0 rg BT 366.07 593.90 Td (total ) Tj ET Q q 0 0 0 rg BT 382.54 593.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 420.33 593.90 Td (spend ) Tj ET Q q 0 0 0 rg BT 441.25 593.90 Td (than ) Tj ET Q q 0 0 0 rg BT 457.27 593.90 Td (in ) Tj ET Q q 0 0 0 rg BT 465.74 593.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.76 593.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 512.88 593.90 Td (markets, ) Tj ET Q q 0 0 0 rg BT 542.46 593.90 Td (where ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 584.30 Td (newspapers, ) Tj ET Q q 0 0 0 rg BT 91.32 584.30 Td (magazines ) Tj ET Q q 0 0 0 rg BT 127.08 584.30 Td (and ) Tj ET Q q 0 0 0 rg BT 140.63 584.30 Td (radio ) Tj ET Q q 0 0 0 rg BT 159.07 584.30 Td (were ) Tj ET Q q 0 0 0 rg BT 176.61 584.30 Td (established ) Tj ET Q q 0 0 0 rg BT 214.16 584.30 Td (as ) Tj ET Q q 0 0 0 rg BT 222.82 584.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 260.37 584.30 Td (media ) Tj ET Q q 0 0 0 rg BT 281.92 584.30 Td (well ) Tj ET Q q 0 0 0 rg BT 297.69 584.30 Td (before ) Tj ET Q q 0 0 0 rg BT 320.12 584.30 Td (the ) Tj ET Q q 0 0 0 rg BT 331.89 584.30 Td (advent ) Tj ET Q q 0 0 0 rg BT 355.22 584.30 Td (of ) Tj ET Q q 0 0 0 rg BT 363.88 584.30 Td (television.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 568.70 Td (The ) Tj ET Q q 0 0 0 rg BT 63.99 568.70 Td (following ) Tj ET Q q 0 0 0 rg BT 96.65 568.70 Td (tables ) Tj ET Q q 0 0 0 rg BT 116.87 568.70 Td (show ) Tj ET Q q 0 0 0 rg BT 135.31 568.70 Td (television ) Tj ET Q q 0 0 0 rg BT 167.97 568.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 205.07 568.70 Td (spend ) Tj ET Q q 0 0 0 rg BT 225.28 568.70 Td (as ) Tj ET Q q 0 0 0 rg BT 233.50 568.70 Td (a ) Tj ET Q q 0 0 0 rg BT 238.60 568.70 Td (percentage ) Tj ET Q q 0 0 0 rg BT 274.80 568.70 Td (of ) Tj ET Q q 0 0 0 rg BT 283.01 568.70 Td (total ) Tj ET Q q 0 0 0 rg BT 298.79 568.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 335.88 568.70 Td (spend ) Tj ET Q q 0 0 0 rg BT 356.10 568.70 Td (in ) Tj ET Q q 0 0 0 rg BT 363.88 568.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.20 568.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 402.08 568.70 Td (of ) Tj ET Q q 0 0 0 rg BT 410.30 568.70 Td (Central ) Tj ET Q q 0 0 0 rg BT 435.40 568.70 Td (and ) Tj ET Q q 0 0 0 rg BT 448.50 568.70 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 474.04 568.70 Td (Europe ) Tj ET Q q 0 0 0 rg BT 498.70 568.70 Td (in ) Tj ET Q q 0 0 0 rg BT 506.47 568.70 Td (which ) Tj ET Q q 0 0 0 rg BT 527.57 568.70 Td (we ) Tj ET Q q 0 0 0 rg BT 538.46 568.70 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 559.10 Td (for ) Tj ET Q q 0 0 0 rg BT 74.88 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.65 559.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 121.53 559.10 Td (markets.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 527.60 148.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 527.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 527.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 527.60 42.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 527.6 m 239.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 527.6 m 285.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 527.6 m 331.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 527.6 m 377.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 527.6 m 423.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 527.6 m 469.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 527.6 m 515.5 527.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 527.6 m 561.5 527.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 539.83 Td (TV) Tj ET Q q 0 0 0 rg BT 62.97 539.83 Td ( advertising spend) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 531.83 Td (as a % of total advertising spend) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 210.00 531.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.00 531.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.00 531.83 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 531.83 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.00 531.83 Td (2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 531.83 Td (2008) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 531.83 Td (2007) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.00 531.83 Td (2006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 518.85 Td (CME markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.30 518.85 Td (52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.30 518.85 Td (52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.30 518.85 Td (52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.30 518.85 Td (50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 518.85 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 518.85 Td (51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.30 518.85 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 518.85 Td (47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 518.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 505.85 Td (Developed markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.30 505.85 Td (43) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.30 505.85 Td (43) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.30 505.85 Td (43) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.30 505.85 Td (42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 505.85 Td (41) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 505.85 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.30 505.85 Td (39) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.30 505.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 505.85 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 505.85 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.50 Td (Source: Group M) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 476.90 Td (As ) Tj ET Q q 0 0 0 rg BT 61.15 476.90 Td (shown ) Tj ET Q q 0 0 0 rg BT 84.30 476.90 Td (above, ) Tj ET Q q 0 0 0 rg BT 107.66 476.90 Td (television ) Tj ET Q q 0 0 0 rg BT 141.03 476.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 178.83 476.90 Td (has ) Tj ET Q q 0 0 0 rg BT 191.76 476.90 Td (grown ) Tj ET Q q 0 0 0 rg BT 214.46 476.90 Td (overall ) Tj ET Q q 0 0 0 rg BT 238.93 476.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 265.17 476.90 Td (to ) Tj ET Q q 0 0 0 rg BT 273.66 476.90 Td (print ) Tj ET Q q 0 0 0 rg BT 291.03 476.90 Td (and ) Tj ET Q q 0 0 0 rg BT 304.84 476.90 Td (other ) Tj ET Q q 0 0 0 rg BT 323.53 476.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 361.34 476.90 Td (in ) Tj ET Q q 0 0 0 rg BT 369.82 476.90 Td (our ) Tj ET Q q 0 0 0 rg BT 382.75 476.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 410.33 476.90 Td (during ) Tj ET Q q 0 0 0 rg BT 433.48 476.90 Td (the ) Tj ET Q q 0 0 0 rg BT 445.51 476.90 Td (last ) Tj ET Q q 0 0 0 rg BT 458.88 476.90 Td (eight ) Tj ET Q q 0 0 0 rg BT 477.13 476.90 Td (years. ) Tj ET Q q 0 0 0 rg BT 498.11 476.90 Td (W) Tj ET Q q 0 0 0 rg BT 505.02 476.90 Td (e ) Tj ET Q q 0 0 0 rg BT 510.83 476.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 536.19 476.90 Td (that ) Tj ET Q q 0 0 0 rg BT 550.44 476.90 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.30 Td (trend ) Tj ET Q q 0 0 0 rg BT 67.68 467.30 Td (will ) Tj ET Q q 0 0 0 rg BT 81.36 467.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 110.14 467.30 Td (because ) Tj ET Q q 0 0 0 rg BT 136.70 467.30 Td (of ) Tj ET Q q 0 0 0 rg BT 144.60 467.30 Td (the ) Tj ET Q q 0 0 0 rg BT 155.61 467.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 179.05 467.30 Td (reach ) Tj ET Q q 0 0 0 rg BT 197.61 467.30 Td (and ) Tj ET Q q 0 0 0 rg BT 210.40 467.30 Td (better ) Tj ET Q q 0 0 0 rg BT 229.85 467.30 Td (measurement ) Tj ET Q q 0 0 0 rg BT 273.73 467.30 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 311.40 467.30 Td (of ) Tj ET Q q 0 0 0 rg BT 319.30 467.30 Td (television ) Tj ET Q q 0 0 0 rg BT 351.65 467.30 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 390.43 467.30 Td (which ) Tj ET Q q 0 0 0 rg BT 411.22 467.30 Td (makes ) Tj ET Q q 0 0 0 rg BT 432.90 467.30 Td (this ) Tj ET Q q 0 0 0 rg BT 445.70 467.30 Td (medium ) Tj ET Q q 0 0 0 rg BT 473.15 467.30 Td (more ) Tj ET Q q 0 0 0 rg BT 490.83 467.30 Td (ef) Tj ET Q q 0 0 0 rg BT 496.90 467.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 519.90 467.30 Td (to ) Tj ET Q q 0 0 0 rg BT 527.36 467.30 Td (advertisers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 83.90 457.70 Td (to ) Tj ET Q q 0 0 0 rg BT 92.48 457.70 Td (print, ) Tj ET Q q 0 0 0 rg BT 111.95 457.70 Td (radio ) Tj ET Q q 0 0 0 rg BT 130.74 457.70 Td (and ) Tj ET Q q 0 0 0 rg BT 144.65 457.70 Td (outdoor ) Tj ET Q q 0 0 0 rg BT 171.90 457.70 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 211.63 457.70 Td (T) Tj ET Q q 0 0 0 rg BT 215.96 457.70 Td (elevision ) Tj ET Q q 0 0 0 rg BT 247.20 457.70 Td (is ) Tj ET Q q 0 0 0 rg BT 254.90 457.70 Td (especially ) Tj ET Q q 0 0 0 rg BT 289.24 457.70 Td (attractive ) Tj ET Q q 0 0 0 rg BT 321.35 457.70 Td (to ) Tj ET Q q 0 0 0 rg BT 329.94 457.70 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 366.95 457.70 Td (because ) Tj ET Q q 0 0 0 rg BT 394.62 457.70 Td (it ) Tj ET Q q 0 0 0 rg BT 401.42 457.70 Td (delivers ) Tj ET Q q 0 0 0 rg BT 429.11 457.70 Td (high ) Tj ET Q q 0 0 0 rg BT 445.69 457.70 Td (reach ) Tj ET Q q 0 0 0 rg BT 465.36 457.70 Td (at ) Tj ET Q q 0 0 0 rg BT 473.49 457.70 Td (low ) Tj ET Q q 0 0 0 rg BT 487.85 457.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 503.10 457.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 537.00 457.70 Td (to ) Tj ET Q q 0 0 0 rg BT 545.58 457.70 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 70.66 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.33 448.10 Td (media.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 432.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.46 432.50 Td (summary) Tj ET Q q 0 0 0 rg BT 87.71 432.50 Td (, ) Tj ET Q q 0 0 0 rg BT 91.51 432.50 Td (when ) Tj ET Q q 0 0 0 rg BT 110.63 432.50 Td (our ) Tj ET Q q 0 0 0 rg BT 123.09 432.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 150.21 432.50 Td (recover ) Tj ET Q q 0 0 0 rg BT 175.98 432.50 Td (we ) Tj ET Q q 0 0 0 rg BT 187.11 432.50 Td (expect ) Tj ET Q q 0 0 0 rg BT 209.78 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 221.35 432.50 Td (economies ) Tj ET Q q 0 0 0 rg BT 257.35 432.50 Td (of ) Tj ET Q q 0 0 0 rg BT 265.81 432.50 Td (the ) Tj ET Q q 0 0 0 rg BT 277.38 432.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 308.50 432.50 Td (in ) Tj ET Q q 0 0 0 rg BT 316.52 432.50 Td (which ) Tj ET Q q 0 0 0 rg BT 337.86 432.50 Td (we ) Tj ET Q q 0 0 0 rg BT 348.98 432.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 374.32 432.50 Td (to ) Tj ET Q q 0 0 0 rg BT 382.34 432.50 Td (resume ) Tj ET Q q 0 0 0 rg BT 407.23 432.50 Td (their ) Tj ET Q q 0 0 0 rg BT 423.69 432.50 Td (conver) Tj ET Q q 0 0 0 rg BT 445.31 432.50 Td (gence ) Tj ET Q q 0 0 0 rg BT 465.76 432.50 Td (with ) Tj ET Q q 0 0 0 rg BT 481.77 432.50 Td (more ) Tj ET Q q 0 0 0 rg BT 500.01 432.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 534.68 432.50 Td (markets, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 422.90 Td (particularly ) Tj ET Q q 0 0 0 rg BT 88.13 422.90 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 422.90 Td (estern ) Tj ET Q q 0 0 0 rg BT 115.50 422.90 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 141.96 422.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 171.32 422.90 Td (in ) Tj ET Q q 0 0 0 rg BT 178.90 422.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 200.69 422.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 217.15 422.90 Td (of ) Tj ET Q q 0 0 0 rg BT 225.18 422.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 249.20 422.90 Td (of ) Tj ET Q q 0 0 0 rg BT 257.22 422.90 Td (GDP) Tj ET Q q 0 0 0 rg BT 272.93 422.90 Td ( ) Tj ET Q q 0 0 0 rg BT 274.29 422.90 Td (per ) Tj ET Q q 0 0 0 rg BT 285.86 422.90 Td (capita ) Tj ET Q q 0 0 0 rg BT 306.31 422.90 Td (in ) Tj ET Q q 0 0 0 rg BT 313.90 422.90 Td (our ) Tj ET Q q 0 0 0 rg BT 325.92 422.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 352.60 422.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 385.50 422.90 Td (to ) Tj ET Q q 0 0 0 rg BT 393.08 422.90 Td (that ) Tj ET Q q 0 0 0 rg BT 406.43 422.90 Td (of ) Tj ET Q q 0 0 0 rg BT 414.46 422.90 Td (the ) Tj ET Q q 0 0 0 rg BT 425.59 422.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 459.82 422.90 Td (countries. ) Tj ET Q q 0 0 0 rg BT 492.41 422.90 Td (W) Tj ET Q q 0 0 0 rg BT 499.32 422.90 Td (e ) Tj ET Q q 0 0 0 rg BT 504.23 422.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 526.46 422.90 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 413.30 Td (intensity ) Tj ET Q q 0 0 0 rg BT 79.79 413.30 Td (in ) Tj ET Q q 0 0 0 rg BT 88.26 413.30 Td (our ) Tj ET Q q 0 0 0 rg BT 101.16 413.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 128.73 413.30 Td (to ) Tj ET Q q 0 0 0 rg BT 137.19 413.30 Td (also ) Tj ET Q q 0 0 0 rg BT 152.32 413.30 Td (return ) Tj ET Q q 0 0 0 rg BT 173.66 413.30 Td (to ) Tj ET Q q 0 0 0 rg BT 182.12 413.30 Td (a ) Tj ET Q q 0 0 0 rg BT 187.91 413.30 Td (pattern ) Tj ET Q q 0 0 0 rg BT 212.36 413.30 Td (of ) Tj ET Q q 0 0 0 rg BT 221.27 413.30 Td (conver) Tj ET Q q 0 0 0 rg BT 242.89 413.30 Td (gence ) Tj ET Q q 0 0 0 rg BT 263.78 413.30 Td (in ) Tj ET Q q 0 0 0 rg BT 272.24 413.30 Td (the ) Tj ET Q q 0 0 0 rg BT 284.26 413.30 Td (near) Tj ET Q q 0 0 0 rg BT 297.86 413.30 Td (-term. ) Tj ET Q q 0 0 0 rg BT 319.43 413.30 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 363.66 413.30 Td (we ) Tj ET Q q 0 0 0 rg BT 375.22 413.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 398.34 413.30 Td (television ) Tj ET Q q 0 0 0 rg BT 431.69 413.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 469.47 413.30 Td (spend ) Tj ET Q q 0 0 0 rg BT 490.38 413.30 Td (to ) Tj ET Q q 0 0 0 rg BT 498.84 413.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 528.63 413.30 Td (to ) Tj ET Q q 0 0 0 rg BT 537.09 413.30 Td (grow ) Tj ET Q q 0 0 0 rg BT 555.77 413.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 403.70 Td (relation ) Tj ET Q q 0 0 0 rg BT 76.43 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 84.66 403.70 Td (total ) Tj ET Q q 0 0 0 rg BT 100.88 403.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 138.42 403.70 Td (spend, ) Tj ET Q q 0 0 0 rg BT 161.09 403.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 191.08 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 199.30 403.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 241.30 403.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 263.73 403.70 Td (television ) Tj ET Q q 0 0 0 rg BT 296.84 403.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 334.39 403.70 Td (spend ) Tj ET Q q 0 0 0 rg BT 355.05 403.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 379.71 403.70 Td (in ) Tj ET Q q 0 0 0 rg BT 387.94 403.70 Td (our ) Tj ET Q q 0 0 0 rg BT 400.60 403.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 427.93 403.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 461.46 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 469.69 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 481.46 403.70 Td (developed ) Tj ET Q q 0 0 0 rg BT 516.34 403.70 Td (markets.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Country operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.59 369.50 Td (strategy ) Tj ET Q q 0 0 0 rg BT 92.06 369.50 Td (is ) Tj ET Q q 0 0 0 rg BT 99.55 369.50 Td (to ) Tj ET Q q 0 0 0 rg BT 107.92 369.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 138.06 369.50 Td (and ) Tj ET Q q 0 0 0 rg BT 151.76 369.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 180.12 369.50 Td (our ) Tj ET Q q 0 0 0 rg BT 192.93 369.50 Td (audience ) Tj ET Q q 0 0 0 rg BT 223.50 369.50 Td (leadership ) Tj ET Q q 0 0 0 rg BT 258.53 369.50 Td (in ) Tj ET Q q 0 0 0 rg BT 266.90 369.50 Td (each ) Tj ET Q q 0 0 0 rg BT 283.70 369.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.52 369.50 Td (our ) Tj ET Q q 0 0 0 rg BT 305.33 369.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 336.80 369.50 Td (in ) Tj ET Q q 0 0 0 rg BT 345.18 369.50 Td (order ) Tj ET Q q 0 0 0 rg BT 364.20 369.50 Td (to ) Tj ET Q q 0 0 0 rg BT 372.58 369.50 Td (pursue ) Tj ET Q q 0 0 0 rg BT 396.05 369.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 413.75 369.50 Td (strategies ) Tj ET Q q 0 0 0 rg BT 446.11 369.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 476.70 369.50 Td (to ) Tj ET Q q 0 0 0 rg BT 485.07 369.50 Td (maximize ) Tj ET Q q 0 0 0 rg BT 518.77 369.50 Td (our ) Tj ET Q q 0 0 0 rg BT 531.58 369.50 Td (revenues. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 359.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 359.90 Td (e ) Tj ET Q q 0 0 0 rg BT 62.25 359.90 Td (have ) Tj ET Q q 0 0 0 rg BT 79.15 359.90 Td (built ) Tj ET Q q 0 0 0 rg BT 95.61 359.90 Td (our ) Tj ET Q q 0 0 0 rg BT 108.07 359.90 Td (audience ) Tj ET Q q 0 0 0 rg BT 138.29 359.90 Td (leadership ) Tj ET Q q 0 0 0 rg BT 172.95 359.90 Td (in ) Tj ET Q q 0 0 0 rg BT 180.97 359.90 Td (each ) Tj ET Q q 0 0 0 rg BT 197.41 359.90 Td (of ) Tj ET Q q 0 0 0 rg BT 205.87 359.90 Td (our ) Tj ET Q q 0 0 0 rg BT 218.33 359.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 245.45 359.90 Td (by ) Tj ET Q q 0 0 0 rg BT 255.24 359.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 287.24 359.90 Td (a ) Tj ET Q q 0 0 0 rg BT 292.59 359.90 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 338.81 359.90 Td (business ) Tj ET Q q 0 0 0 rg BT 367.71 359.90 Td (model ) Tj ET Q q 0 0 0 rg BT 389.50 359.90 Td (with ) Tj ET Q q 0 0 0 rg BT 405.52 359.90 Td (a ) Tj ET Q q 0 0 0 rg BT 410.86 359.90 Td (diversified ) Tj ET Q q 0 0 0 rg BT 446.87 359.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 476.66 359.90 Td (of ) Tj ET Q q 0 0 0 rg BT 485.11 359.90 Td (television ) Tj ET Q q 0 0 0 rg BT 518.01 359.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 547.79 359.90 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 350.30 Td (broad ) Tj ET Q q 0 0 0 rg BT 70.21 350.30 Td (appeal.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 334.70 Td (Content ) Tj ET Q q 0 0 0 rg BT 77.25 334.70 Td (that ) Tj ET Q q 0 0 0 rg BT 91.16 334.70 Td (consistently ) Tj ET Q q 0 0 0 rg BT 131.30 334.70 Td (generates ) Tj ET Q q 0 0 0 rg BT 163.42 334.70 Td (high ) Tj ET Q q 0 0 0 rg BT 179.56 334.70 Td (audience ) Tj ET Q q 0 0 0 rg BT 209.90 334.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 231.81 334.70 Td (is ) Tj ET Q q 0 0 0 rg BT 239.06 334.70 Td (crucial ) Tj ET Q q 0 0 0 rg BT 262.74 334.70 Td (to ) Tj ET Q q 0 0 0 rg BT 270.88 334.70 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 311.01 334.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.70 334.70 Td (success ) Tj ET Q q 0 0 0 rg BT 348.61 334.70 Td (of ) Tj ET Q q 0 0 0 rg BT 357.19 334.70 Td (each ) Tj ET Q q 0 0 0 rg BT 373.76 334.70 Td (of ) Tj ET Q q 0 0 0 rg BT 382.34 334.70 Td (our ) Tj ET Q q 0 0 0 rg BT 394.92 334.70 Td (country ) Tj ET Q q 0 0 0 rg BT 421.28 334.70 Td (operations. ) Tj ET Q q 0 0 0 rg BT 458.38 334.70 Td (While ) Tj ET Q q 0 0 0 rg BT 479.85 334.70 Td (content ) Tj ET Q q 0 0 0 rg BT 505.31 334.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 534.77 334.70 Td (from ) Tj ET Q q 0 0 0 rg BT 552.23 334.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Hollywood ) Tj ET Q q 0 0 0 rg BT 87.85 325.10 Td (studios ) Tj ET Q q 0 0 0 rg BT 112.37 325.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 139.54 325.10 Td (popular) Tj ET Q q 0 0 0 rg BT 163.65 325.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.50 325.10 Td (our ) Tj ET Q q 0 0 0 rg BT 180.01 325.10 Td (audiences ) Tj ET Q q 0 0 0 rg BT 213.40 325.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 254.34 325.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 281.51 325.10 Td (content ) Tj ET Q q 0 0 0 rg BT 306.91 325.10 Td (that ) Tj ET Q q 0 0 0 rg BT 320.75 325.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.93 325.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 359.54 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.61 325.10 Td (their ) Tj ET Q q 0 0 0 rg BT 384.12 325.10 Td (local ) Tj ET Q q 0 0 0 rg BT 401.51 325.10 Td (language ) Tj ET Q q 0 0 0 rg BT 432.23 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.63 325.10 Td (which ) Tj ET Q q 0 0 0 rg BT 467.03 325.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 492.42 325.10 Td (their ) Tj ET Q q 0 0 0 rg BT 508.92 325.10 Td (society) Tj ET Q q 0 0 0 rg BT 531.06 325.10 Td (, ) Tj ET Q q 0 0 0 rg BT 534.91 325.10 Td (attitudes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 315.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.57 315.50 Td (culture. ) Tj ET Q q 0 0 0 rg BT 89.66 315.50 Td (W) Tj ET Q q 0 0 0 rg BT 96.57 315.50 Td (e ) Tj ET Q q 0 0 0 rg BT 102.14 315.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 127.26 315.50 Td (developing ) Tj ET Q q 0 0 0 rg BT 164.83 315.50 Td (and ) Tj ET Q q 0 0 0 rg BT 178.41 315.50 Td (producing ) Tj ET Q q 0 0 0 rg BT 212.87 315.50 Td (local ) Tj ET Q q 0 0 0 rg BT 230.44 315.50 Td (content ) Tj ET Q q 0 0 0 rg BT 256.01 315.50 Td (is ) Tj ET Q q 0 0 0 rg BT 263.36 315.50 Td (key ) Tj ET Q q 0 0 0 rg BT 276.94 315.50 Td (to ) Tj ET Q q 0 0 0 rg BT 285.18 315.50 Td (being ) Tj ET Q q 0 0 0 rg BT 304.98 315.50 Td (successful ) Tj ET Q q 0 0 0 rg BT 339.88 315.50 Td (in ) Tj ET Q q 0 0 0 rg BT 348.12 315.50 Td (prime ) Tj ET Q q 0 0 0 rg BT 368.81 315.50 Td (time ) Tj ET Q q 0 0 0 rg BT 385.05 315.50 Td (and ) Tj ET Q q 0 0 0 rg BT 398.62 315.50 Td (supporting ) Tj ET Q q 0 0 0 rg BT 434.87 315.50 Td (market-leading ) Tj ET Q q 0 0 0 rg BT 485.31 315.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 517.32 315.50 Td (Maintaining ) Tj ET Q q 0 0 0 rg BT 558.45 315.50 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 305.90 Td (regular ) Tj ET Q q 0 0 0 rg BT 74.65 305.90 Td (stream ) Tj ET Q q 0 0 0 rg BT 97.98 305.90 Td (of ) Tj ET Q q 0 0 0 rg BT 106.64 305.90 Td (local ) Tj ET Q q 0 0 0 rg BT 124.19 305.90 Td (content ) Tj ET Q q 0 0 0 rg BT 149.73 305.90 Td (at ) Tj ET Q q 0 0 0 rg BT 157.51 305.90 Td (the ) Tj ET Q q 0 0 0 rg BT 169.28 305.90 Td (lowest ) Tj ET Q q 0 0 0 rg BT 192.17 305.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 220.39 305.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 235.28 305.90 Td (is ) Tj ET Q q 0 0 0 rg BT 242.61 305.90 Td (operationally ) Tj ET Q q 0 0 0 rg BT 286.82 305.90 Td (important ) Tj ET Q q 0 0 0 rg BT 319.93 305.90 Td (over ) Tj ET Q q 0 0 0 rg BT 336.14 305.90 Td (the ) Tj ET Q q 0 0 0 rg BT 347.91 305.90 Td (long-term, ) Tj ET Q q 0 0 0 rg BT 383.46 305.90 Td (and ) Tj ET Q q 0 0 0 rg BT 397.01 305.90 Td (gives ) Tj ET Q q 0 0 0 rg BT 415.90 305.90 Td (us ) Tj ET Q q 0 0 0 rg BT 425.01 305.90 Td (the ) Tj ET Q q 0 0 0 rg BT 436.79 305.90 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 476.12 305.90 Td (to ) Tj ET Q q 0 0 0 rg BT 484.34 305.90 Td (accomplish ) Tj ET Q q 0 0 0 rg BT 522.77 305.90 Td (this ) Tj ET Q q 0 0 0 rg BT 536.33 305.90 Td (goal.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 290.30 Td (As ) Tj ET Q q 0 0 0 rg BT 60.68 290.30 Td (the ) Tj ET Q q 0 0 0 rg BT 72.25 290.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 110.94 290.30 Td (platforms ) Tj ET Q q 0 0 0 rg BT 143.39 290.30 Td (in ) Tj ET Q q 0 0 0 rg BT 151.41 290.30 Td (our ) Tj ET Q q 0 0 0 rg BT 163.87 290.30 Td (region ) Tj ET Q q 0 0 0 rg BT 186.10 290.30 Td (develop ) Tj ET Q q 0 0 0 rg BT 213.21 290.30 Td (and ) Tj ET Q q 0 0 0 rg BT 226.56 290.30 Td (become ) Tj ET Q q 0 0 0 rg BT 253.23 290.30 Td (more ) Tj ET Q q 0 0 0 rg BT 271.46 290.30 Td (diversified, ) Tj ET Q q 0 0 0 rg BT 309.46 290.30 Td (our ) Tj ET Q q 0 0 0 rg BT 321.92 290.30 Td (television ) Tj ET Q q 0 0 0 rg BT 354.82 290.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 384.60 290.30 Td (and ) Tj ET Q q 0 0 0 rg BT 397.95 290.30 Td (content ) Tj ET Q q 0 0 0 rg BT 423.29 290.30 Td (will ) Tj ET Q q 0 0 0 rg BT 437.53 290.30 Td (reach ) Tj ET Q q 0 0 0 rg BT 456.64 290.30 Td (viewers ) Tj ET Q q 0 0 0 rg BT 483.31 290.30 Td (through ) Tj ET Q q 0 0 0 rg BT 509.99 290.30 Td (new ) Tj ET Q q 0 0 0 rg BT 525.12 290.30 Td (distribution ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 280.70 Td (of) Tj ET Q q 0 0 0 rg BT 56.52 280.70 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 82.27 280.70 Td (such ) Tj ET Q q 0 0 0 rg BT 98.46 280.70 Td (as ) Tj ET Q q 0 0 0 rg BT 106.66 280.70 Td (internet ) Tj ET Q q 0 0 0 rg BT 132.52 280.70 Td (TV) Tj ET Q q 0 0 0 rg BT 143.04 280.70 Td ( ) Tj ET Q q 0 0 0 rg BT 144.57 280.70 Td (and ) Tj ET Q q 0 0 0 rg BT 157.65 280.70 Td (smart ) Tj ET Q q 0 0 0 rg BT 176.96 280.70 Td (devices. ) Tj ET Q q 0 0 0 rg BT 204.37 280.70 Td (W) Tj ET Q q 0 0 0 rg BT 211.28 280.70 Td (e ) Tj ET Q q 0 0 0 rg BT 216.37 280.70 Td (of) Tj ET Q q 0 0 0 rg BT 222.89 280.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 233.30 280.70 Td (viewers ) Tj ET Q q 0 0 0 rg BT 259.71 280.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.02 280.70 Td (choice ) Tj ET Q q 0 0 0 rg BT 293.42 280.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.62 280.70 Td (watching ) Tj ET Q q 0 0 0 rg BT 332.48 280.70 Td (premium ) Tj ET Q q 0 0 0 rg BT 362.90 280.70 Td (television ) Tj ET Q q 0 0 0 rg BT 395.53 280.70 Td (content ) Tj ET Q q 0 0 0 rg BT 420.61 280.70 Td (through ) Tj ET Q q 0 0 0 rg BT 447.03 280.70 Td (a ) Tj ET Q q 0 0 0 rg BT 452.12 280.70 Td (series ) Tj ET Q q 0 0 0 rg BT 471.87 280.70 Td (of ) Tj ET Q q 0 0 0 rg BT 480.06 280.70 Td (portals, ) Tj ET Q q 0 0 0 rg BT 505.37 280.70 Td (including ) Tj ET Q q 0 0 0 rg BT 537.12 280.70 Td (through ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (V) Tj ET Q q 0 0 0 rg BT 54.75 271.10 Td (oyo ) Tj ET Q q 0 0 0 rg BT 68.75 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.30 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 94.96 271.10 Td (websites.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 255.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 255.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.05 255.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 77.41 255.50 Td (to ) Tj ET Q q 0 0 0 rg BT 85.21 255.50 Td (focus ) Tj ET Q q 0 0 0 rg BT 104.13 255.50 Td (on ) Tj ET Q q 0 0 0 rg BT 113.71 255.50 Td (building ) Tj ET Q q 0 0 0 rg BT 141.97 255.50 Td (our ) Tj ET Q q 0 0 0 rg BT 154.22 255.50 Td (core ) Tj ET Q q 0 0 0 rg BT 169.57 255.50 Td (television ) Tj ET Q q 0 0 0 rg BT 202.26 255.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 244.72 255.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 264.97 255.50 Td (in ) Tj ET Q q 0 0 0 rg BT 272.78 255.50 Td (each ) Tj ET Q q 0 0 0 rg BT 289.02 255.50 Td (country) Tj ET Q q 0 0 0 rg BT 312.94 255.50 Td (. ) Tj ET Q q 0 0 0 rg BT 316.17 255.50 Td (As ) Tj ET Q q 0 0 0 rg BT 326.65 255.50 Td (a ) Tj ET Q q 0 0 0 rg BT 331.79 255.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 353.15 255.50 Td (we ) Tj ET Q q 0 0 0 rg BT 364.06 255.50 Td (have ) Tj ET Q q 0 0 0 rg BT 380.75 255.50 Td (very ) Tj ET Q q 0 0 0 rg BT 396.55 255.50 Td (recently ) Tj ET Q q 0 0 0 rg BT 423.90 255.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 464.13 255.50 Td (the ) Tj ET Q q 0 0 0 rg BT 475.49 255.50 Td (process ) Tj ET Q q 0 0 0 rg BT 501.07 255.50 Td (of ) Tj ET Q q 0 0 0 rg BT 509.32 255.50 Td (divesting ) Tj ET Q q 0 0 0 rg BT 540.24 255.50 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 245.90 Td (non-core ) Tj ET Q q 0 0 0 rg BT 80.43 245.90 Td (businesses ) Tj ET Q q 0 0 0 rg BT 116.21 245.90 Td (such ) Tj ET Q q 0 0 0 rg BT 132.88 245.90 Td (as ) Tj ET Q q 0 0 0 rg BT 141.55 245.90 Td (theatrical ) Tj ET Q q 0 0 0 rg BT 173.31 245.90 Td (and ) Tj ET Q q 0 0 0 rg BT 186.86 245.90 Td (home ) Tj ET Q q 0 0 0 rg BT 206.64 245.90 Td (video ) Tj ET Q q 0 0 0 rg BT 226.41 245.90 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 267.16 245.90 Td (While ) Tj ET Q q 0 0 0 rg BT 288.71 245.90 Td (some ) Tj ET Q q 0 0 0 rg BT 307.60 245.90 Td (of ) Tj ET Q q 0 0 0 rg BT 316.27 245.90 Td (these ) Tj ET Q q 0 0 0 rg BT 334.71 245.90 Td (businesses ) Tj ET Q q 0 0 0 rg BT 370.49 245.90 Td (have ) Tj ET Q q 0 0 0 rg BT 387.59 245.90 Td (strong ) Tj ET Q q 0 0 0 rg BT 409.60 245.90 Td (market ) Tj ET Q q 0 0 0 rg BT 433.81 245.90 Td (positions ) Tj ET Q q 0 0 0 rg BT 464.71 245.90 Td (and ) Tj ET Q q 0 0 0 rg BT 478.26 245.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.25 245.90 Td (performance, ) Tj ET Q q 0 0 0 rg BT 552.67 245.90 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 236.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 75.10 236.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.87 236.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.98 236.30 Td (is ) Tj ET Q q 0 0 0 rg BT 127.32 236.30 Td (better ) Tj ET Q q 0 0 0 rg BT 147.53 236.30 Td (served ) Tj ET Q q 0 0 0 rg BT 170.41 236.30 Td (by ) Tj ET Q q 0 0 0 rg BT 180.41 236.30 Td (a ) Tj ET Q q 0 0 0 rg BT 185.96 236.30 Td (sharper ) Tj ET Q q 0 0 0 rg BT 211.50 236.30 Td (focus ) Tj ET Q q 0 0 0 rg BT 230.83 236.30 Td (on ) Tj ET Q q 0 0 0 rg BT 240.83 236.30 Td (our ) Tj ET Q q 0 0 0 rg BT 253.49 236.30 Td (unique ) Tj ET Q q 0 0 0 rg BT 277.27 236.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 307.26 236.30 Td (of ) Tj ET Q q 0 0 0 rg BT 315.93 236.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 358.80 236.30 Td (assets.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 217.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 58.29 217.70 Td (ogramming) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.00 202.10 Td (programming ) Tj ET Q q 0 0 0 rg BT 109.12 202.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 136.00 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.89 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.12 202.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 191.34 202.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 223.11 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.01 202.10 Td (tailored ) Tj ET Q q 0 0 0 rg BT 256.01 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.79 202.10 Td (match ) Tj ET Q q 0 0 0 rg BT 284.91 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.24 202.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 337.79 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.02 202.10 Td (key ) Tj ET Q q 0 0 0 rg BT 359.13 202.10 Td (audience ) Tj ET Q q 0 0 0 rg BT 389.12 202.10 Td (demographics ) Tj ET Q q 0 0 0 rg BT 435.56 202.10 Td (by ) Tj ET Q q 0 0 0 rg BT 445.12 202.10 Td (scheduling ) Tj ET Q q 0 0 0 rg BT 481.35 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.46 202.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 528.46 202.10 Td (an ) Tj ET Q q 0 0 0 rg BT 537.57 202.10 Td (optimal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 192.50 Td (mix ) Tj ET Q q 0 0 0 rg BT 64.39 192.50 Td (of ) Tj ET Q q 0 0 0 rg BT 72.99 192.50 Td (programs ) Tj ET Q q 0 0 0 rg BT 105.15 192.50 Td (in ) Tj ET Q q 0 0 0 rg BT 113.31 192.50 Td (a ) Tj ET Q q 0 0 0 rg BT 118.80 192.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 133.63 192.50 Td (ef) Tj ET Q q 0 0 0 rg BT 139.70 192.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 163.41 192.50 Td (manner) Tj ET Q q 0 0 0 rg BT 186.95 192.50 Td (. ) Tj ET Q q 0 0 0 rg BT 190.75 192.50 Td (The ) Tj ET Q q 0 0 0 rg BT 205.13 192.50 Td (programming ) Tj ET Q q 0 0 0 rg BT 250.62 192.50 Td (that ) Tj ET Q q 0 0 0 rg BT 264.56 192.50 Td (we ) Tj ET Q q 0 0 0 rg BT 275.83 192.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 302.21 192.50 Td (drives ) Tj ET Q q 0 0 0 rg BT 323.70 192.50 Td (our ) Tj ET Q q 0 0 0 rg BT 336.31 192.50 Td (audience ) Tj ET Q q 0 0 0 rg BT 366.67 192.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 388.61 192.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.10 192.50 Td (ratings ) Tj ET Q q 0 0 0 rg BT 425.81 192.50 Td (\(see ) Tj ET Q q 0 0 0 rg BT 440.63 192.50 Td ("Audience ) Tj ET Q q 0 0 0 rg BT 476.49 192.50 Td (Share ) Tj ET Q q 0 0 0 rg BT 496.65 192.50 Td (and ) Tj ET Q q 0 0 0 rg BT 510.14 192.50 Td (Ratings" ) Tj ET Q q 0 0 0 rg BT 539.79 192.50 Td (below\)) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 562.01 196.13 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 62.61 182.90 Td (consists ) Tj ET Q q 0 0 0 rg BT 89.00 182.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.71 182.90 Td (locally-produced ) Tj ET Q q 0 0 0 rg BT 151.97 182.90 Td (news, ) Tj ET Q q 0 0 0 rg BT 171.46 182.90 Td (current ) Tj ET Q q 0 0 0 rg BT 195.17 182.90 Td (af) Tj ET Q q 0 0 0 rg BT 201.24 182.90 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 218.51 182.90 Td (fiction, ) Tj ET Q q 0 0 0 rg BT 242.45 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 255.05 182.90 Td (reality ) Tj ET Q q 0 0 0 rg BT 276.54 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 289.15 182.90 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 334.18 182.90 Td (shows ) Tj ET Q q 0 0 0 rg BT 355.24 182.90 Td (as ) Tj ET Q q 0 0 0 rg BT 362.96 182.90 Td (well ) Tj ET Q q 0 0 0 rg BT 377.79 182.90 Td (as ) Tj ET Q q 0 0 0 rg BT 385.51 182.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 414.10 182.90 Td (foreign ) Tj ET Q q 0 0 0 rg BT 438.26 182.90 Td (movies, ) Tj ET Q q 0 0 0 rg BT 464.42 182.90 Td (series ) Tj ET Q q 0 0 0 rg BT 483.69 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 496.30 182.90 Td (sports ) Tj ET Q q 0 0 0 rg BT 516.46 182.90 Td (programming. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 167.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 167.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.32 167.30 Td (focus ) Tj ET Q q 0 0 0 rg BT 81.50 167.30 Td (our ) Tj ET Q q 0 0 0 rg BT 94.02 167.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 139.42 167.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 176.38 167.30 Td (resources ) Tj ET Q q 0 0 0 rg BT 208.44 167.30 Td (on ) Tj ET Q q 0 0 0 rg BT 218.29 167.30 Td (securing ) Tj ET Q q 0 0 0 rg BT 247.25 167.30 Td (a ) Tj ET Q q 0 0 0 rg BT 252.66 167.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 278.06 167.30 Td (position ) Tj ET Q q 0 0 0 rg BT 305.69 167.30 Td (during ) Tj ET Q q 0 0 0 rg BT 328.43 167.30 Td (prime ) Tj ET Q q 0 0 0 rg BT 348.95 167.30 Td (time, ) Tj ET Q q 0 0 0 rg BT 367.02 167.30 Td (where ) Tj ET Q q 0 0 0 rg BT 388.42 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.05 167.30 Td (majority ) Tj ET Q q 0 0 0 rg BT 429.01 167.30 Td (of ) Tj ET Q q 0 0 0 rg BT 437.53 167.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 474.93 167.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 505.21 167.30 Td (are ) Tj ET Q q 0 0 0 rg BT 516.83 167.30 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 550.45 167.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 157.70 Td (improving ) Tj ET Q q 0 0 0 rg BT 85.33 157.70 Td (our ) Tj ET Q q 0 0 0 rg BT 98.00 157.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 112.88 157.70 Td (ef) Tj ET Q q 0 0 0 rg BT 118.95 157.70 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 146.71 157.70 Td (through ) Tj ET Q q 0 0 0 rg BT 173.60 157.70 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 210.27 157.70 Td (the ) Tj ET Q q 0 0 0 rg BT 222.04 157.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 267.59 157.70 Td (mix ) Tj ET Q q 0 0 0 rg BT 282.03 157.70 Td (and ) Tj ET Q q 0 0 0 rg BT 295.58 157.70 Td (limiting ) Tj ET Q q 0 0 0 rg BT 322.92 157.70 Td (the ) Tj ET Q q 0 0 0 rg BT 334.69 157.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 349.58 157.70 Td (of ) Tj ET Q q 0 0 0 rg BT 358.24 157.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 403.79 157.70 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 437.78 157.70 Td (of) Tj ET Q q 0 0 0 rg BT 444.30 157.70 Td (f-prime ) Tj ET Q q 0 0 0 rg BT 470.29 157.70 Td (time.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (Audience Shar) Tj ET Q q 0 0 0 rg BT 96.58 139.10 Td (e and Ratings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 123.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.11 123.50 Td (following ) Tj ET Q q 0 0 0 rg BT 96.90 123.50 Td (presents ) Tj ET Q q 0 0 0 rg BT 124.79 123.50 Td (the ) Tj ET Q q 0 0 0 rg BT 136.23 123.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 165.90 123.50 Td (we ) Tj ET Q q 0 0 0 rg BT 176.90 123.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 202.11 123.50 Td (in ) Tj ET Q q 0 0 0 rg BT 210.01 123.50 Td (each ) Tj ET Q q 0 0 0 rg BT 226.34 123.50 Td (country ) Tj ET Q q 0 0 0 rg BT 252.45 123.50 Td (and ) Tj ET Q q 0 0 0 rg BT 265.68 123.50 Td (the ) Tj ET Q q 0 0 0 rg BT 277.13 123.50 Td (tables ) Tj ET Q q 0 0 0 rg BT 297.46 123.50 Td (below ) Tj ET Q q 0 0 0 rg BT 318.69 123.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.80 123.50 Td (a ) Tj ET Q q 0 0 0 rg BT 350.02 123.50 Td (country-by-country ) Tj ET Q q 0 0 0 rg BT 413.90 123.50 Td (comparison ) Tj ET Q q 0 0 0 rg BT 452.90 123.50 Td (of ) Tj ET Q q 0 0 0 rg BT 461.24 123.50 Td (all ) Tj ET Q q 0 0 0 rg BT 470.91 123.50 Td (day ) Tj ET Q q 0 0 0 rg BT 484.14 123.50 Td (and ) Tj ET Q q 0 0 0 rg BT 497.36 123.50 Td (prime ) Tj ET Q q 0 0 0 rg BT 517.70 123.50 Td (time ) Tj ET Q q 0 0 0 rg BT 533.59 123.50 Td (audience ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 113.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.99 113.90 Td (for ) Tj ET Q q 0 0 0 rg BT 83.32 113.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 101.32 113.90 Td (in ) Tj ET Q q 0 0 0 rg BT 109.54 113.90 Td (the ) Tj ET Q q 0 0 0 rg BT 121.32 113.90 Td (tar) Tj ET Q q 0 0 0 rg BT 129.61 113.90 Td (get ) Tj ET Q q 0 0 0 rg BT 141.38 113.90 Td (demographic ) Tj ET Q q 0 0 0 rg BT 185.14 113.90 Td (of ) Tj ET Q q 0 0 0 rg BT 193.81 113.90 Td (each ) Tj ET Q q 0 0 0 rg BT 210.46 113.90 Td (of ) Tj ET Q q 0 0 0 rg BT 219.13 113.90 Td (our ) Tj ET Q q 0 0 0 rg BT 231.79 113.90 Td (leading ) Tj ET Q q 0 0 0 rg BT 257.34 113.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 287.32 113.90 Td (to ) Tj ET Q q 0 0 0 rg BT 295.55 113.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.32 113.90 Td (primary ) Tj ET Q q 0 0 0 rg BT 334.64 113.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 364.63 113.90 Td (of ) Tj ET Q q 0 0 0 rg BT 373.30 113.90 Td (our ) Tj ET Q q 0 0 0 rg BT 385.96 113.90 Td (main ) Tj ET Q q 0 0 0 rg BT 403.96 113.90 Td (competitors.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 98.30 Td (Audience ) Tj ET Q q 0 0 0 rg BT 82.17 98.30 Td (share ) Tj ET Q q 0 0 0 rg BT 100.56 98.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 134.50 98.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.79 98.30 Td (viewers ) Tj ET Q q 0 0 0 rg BT 172.18 98.30 Td (watching ) Tj ET Q q 0 0 0 rg BT 203.02 98.30 Td (a ) Tj ET Q q 0 0 0 rg BT 208.08 98.30 Td (channel ) Tj ET Q q 0 0 0 rg BT 234.47 98.30 Td (in ) Tj ET Q q 0 0 0 rg BT 242.21 98.30 Td (proportion ) Tj ET Q q 0 0 0 rg BT 277.50 98.30 Td (to ) Tj ET Q q 0 0 0 rg BT 285.23 98.30 Td (the ) Tj ET Q q 0 0 0 rg BT 296.52 98.30 Td (total ) Tj ET Q q 0 0 0 rg BT 312.25 98.30 Td (audience ) Tj ET Q q 0 0 0 rg BT 342.19 98.30 Td (watching ) Tj ET Q q 0 0 0 rg BT 373.03 98.30 Td (television. ) Tj ET Q q 0 0 0 rg BT 407.65 98.30 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 433.61 98.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 464.44 98.30 Td (the ) Tj ET Q q 0 0 0 rg BT 475.72 98.30 Td (number ) Tj ET Q q 0 0 0 rg BT 501.68 98.30 Td (of ) Tj ET Q q 0 0 0 rg BT 509.85 98.30 Td (people ) Tj ET Q q 0 0 0 rg BT 532.69 98.30 Td (watching ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 88.70 Td (a ) Tj ET Q q 0 0 0 rg BT 55.82 88.70 Td (channel ) Tj ET Q q 0 0 0 rg BT 82.96 88.70 Td (\(expressed ) Tj ET Q q 0 0 0 rg BT 119.43 88.70 Td (in ) Tj ET Q q 0 0 0 rg BT 127.92 88.70 Td (proportion ) Tj ET Q q 0 0 0 rg BT 163.96 88.70 Td (to ) Tj ET Q q 0 0 0 rg BT 172.45 88.70 Td (the ) Tj ET Q q 0 0 0 rg BT 184.48 88.70 Td (total ) Tj ET Q q 0 0 0 rg BT 200.97 88.70 Td (population\). ) Tj ET Q q 0 0 0 rg BT 241.62 88.70 Td (Audience ) Tj ET Q q 0 0 0 rg BT 274.54 88.70 Td (share ) Tj ET Q q 0 0 0 rg BT 293.68 88.70 Td (and ) Tj ET Q q 0 0 0 rg BT 307.50 88.70 Td (ratings ) Tj ET Q q 0 0 0 rg BT 331.54 88.70 Td (information ) Tj ET Q q 0 0 0 rg BT 371.57 88.70 Td (are ) Tj ET Q q 0 0 0 rg BT 383.60 88.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 416.52 88.70 Td (in ) Tj ET Q q 0 0 0 rg BT 425.01 88.70 Td (each ) Tj ET Q q 0 0 0 rg BT 441.93 88.70 Td (market ) Tj ET Q q 0 0 0 rg BT 466.40 88.70 Td (by ) Tj ET Q q 0 0 0 rg BT 476.67 88.70 Td (international ) Tj ET Q q 0 0 0 rg BT 519.36 88.70 Td (measurement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 80.33 79.10 Td (using ) Tj ET Q q 0 0 0 rg BT 100.45 79.10 Td (peoplemeters, ) Tj ET Q q 0 0 0 rg BT 147.88 79.10 Td (which ) Tj ET Q q 0 0 0 rg BT 170.22 79.10 Td (quantify ) Tj ET Q q 0 0 0 rg BT 199.67 79.10 Td (audiences ) Tj ET Q q 0 0 0 rg BT 233.99 79.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.10 79.10 Td (dif) Tj ET Q q 0 0 0 rg BT 254.85 79.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 276.29 79.10 Td (demographics ) Tj ET Q q 0 0 0 rg BT 323.95 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.28 79.10 Td (subgeographies ) Tj ET Q q 0 0 0 rg BT 390.83 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.29 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.84 79.10 Td (population ) Tj ET Q q 0 0 0 rg BT 449.85 79.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 483.29 79.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 521.18 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.74 79.10 Td (day) Tj ET Q q 0 0 0 rg BT 544.77 79.10 Td (. ) Tj ET Q q 0 0 0 rg BT 549.56 79.10 Td (Our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 69.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 79.99 69.50 Td (schedule ) Tj ET Q q 0 0 0 rg BT 109.98 69.50 Td (programming ) Tj ET Q q 0 0 0 rg BT 155.52 69.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 185.07 69.50 Td (to ) Tj ET Q q 0 0 0 rg BT 193.29 69.50 Td (attract ) Tj ET Q q 0 0 0 rg BT 215.28 69.50 Td (audiences ) Tj ET Q q 0 0 0 rg BT 248.82 69.50 Td (within ) Tj ET Q q 0 0 0 rg BT 271.26 69.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 298.14 69.50 Td (tar) Tj ET Q q 0 0 0 rg BT 309.98 69.50 Td (get ) Tj ET Q q 0 0 0 rg BT 325.30 69.50 Td (demographics ) Tj ET Q q 0 0 0 rg BT 372.18 69.50 Td (that ) Tj ET Q q 0 0 0 rg BT 386.18 69.50 Td (we ) Tj ET Q q 0 0 0 rg BT 397.50 69.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 422.60 69.50 Td (will ) Tj ET Q q 0 0 0 rg BT 437.05 69.50 Td (be ) Tj ET Q q 0 0 0 rg BT 446.60 69.50 Td (attractive ) Tj ET Q q 0 0 0 rg BT 478.36 69.50 Td (to ) Tj ET Q q 0 0 0 rg BT 486.58 69.50 Td (advertisers. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 727.85 Td (e ) Tj ET Q q 0 0 0 rg BT 62.39 727.85 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.86 727.85 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.41 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 101.34 727.85 Td (general ) Tj ET Q q 0 0 0 rg BT 126.80 727.85 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 172.71 727.85 Td (channel, ) Tj ET Q q 0 0 0 rg BT 201.52 727.85 Td (BTV) Tj ET Q q 0 0 0 rg BT 216.49 727.85 Td (, ) Tj ET Q q 0 0 0 rg BT 220.42 727.85 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.89 727.85 Td (seven) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.11 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 254.04 727.85 Td (other ) Tj ET Q q 0 0 0 rg BT 272.40 727.85 Td (channels, ) Tj ET Q q 0 0 0 rg BT 304.32 727.85 Td (BTV) Tj ET Q q 0 0 0 rg BT 320.18 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 322.11 727.85 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 357.59 727.85 Td (BTV) Tj ET Q q 0 0 0 rg BT 373.44 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 375.37 727.85 Td (COMEDY) Tj ET Q q 0 0 0 rg BT 409.01 727.85 Td (, ) Tj ET Q q 0 0 0 rg BT 412.94 727.85 Td (RING.BG, ) Tj ET Q q 0 0 0 rg BT 449.54 727.85 Td (RING.BG+1, ) Tj ET Q q 0 0 0 rg BT 494.64 727.85 Td (BTV) Tj ET Q q 0 0 0 rg BT 510.50 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 512.00 727.85 Td (ACTION, ) Tj ET Q q 0 0 0 rg BT 546.15 727.85 Td (BTV) Tj ET Q q 0 0 0 rg BT 562.00 727.85 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (LADY) Tj ET Q q 0 0 0 rg BT 71.92 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.92 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.47 718.25 Td (BTV) Tj ET Q q 0 0 0 rg BT 103.33 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.33 718.25 Td (LADY+1. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 663.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 663.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 663.75 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 663.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 663.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 663.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 663.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 663.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 663.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 633.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 633.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 633.75 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 633.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 633.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 633.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 633.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 633.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 633.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 707.75 m 133.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 678.75 m 133.5 678.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 707.75 m 137.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 707.75 m 254.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 678.75 m 254.5 678.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 707.75 m 259.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 707.75 m 401.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 678.75 m 401.5 678.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 707.75 m 406.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 707.75 m 481.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 678.75 m 481.5 678.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 707.75 m 486.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 707.75 m 561.5 707.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 678.75 m 561.5 678.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 608.75 m 133.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 608.75 m 137.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 608.75 m 254.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 608.75 m 259.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 608.75 m 401.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 608.75 m 406.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 608.75 m 481.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 608.75 m 486.5 608.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 608.75 m 561.5 608.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.70 682.98 Td (Target Demographic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 151.45 682.98 Td (Main Television Channels) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.10 682.98 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 690.98 Td (All day audience) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.55 682.98 Td (share \(2013\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 698.98 Td (Prime time) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.10 690.98 Td (audience share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 682.98 Td (\(2013\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.00 653.00 Td (\(18-49\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.30 652.98 Td (BTV) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.65 652.98 Td (CME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.50 652.98 Td (27.1%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 652.98 Td (32.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.45 638.00 Td (NOVA TV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.10 638.00 Td (MTG) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 638.00 Td (16.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 638.00 Td (18.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.55 623.00 Td (BNT 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.20 623.00 Td (Public television) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.15 623.00 Td (4.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.15 623.00 Td (5.4%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 599.65 Td (Source: GARB) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 584.05 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 85.33 584.05 Td (RING.BG+1 ) Tj ET Q q 0 0 0 rg BT 128.96 584.05 Td (and ) Tj ET Q q 0 0 0 rg BT 142.96 584.05 Td (BTV) Tj ET Q q 0 0 0 rg BT 158.82 584.05 Td ( ) Tj ET Q q 0 0 0 rg BT 161.27 584.05 Td (LADY+1, ) Tj ET Q q 0 0 0 rg BT 196.45 584.05 Td (the ) Tj ET Q q 0 0 0 rg BT 208.67 584.05 Td (combined ) Tj ET Q q 0 0 0 rg BT 242.67 584.05 Td (all ) Tj ET Q q 0 0 0 rg BT 253.12 584.05 Td (day ) Tj ET Q q 0 0 0 rg BT 267.12 584.05 Td (and ) Tj ET Q q 0 0 0 rg BT 281.12 584.05 Td (prime ) Tj ET Q q 0 0 0 rg BT 302.23 584.05 Td (time ) Tj ET Q q 0 0 0 rg BT 318.90 584.05 Td (audience ) Tj ET Q q 0 0 0 rg BT 349.77 584.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.22 584.05 Td (of ) Tj ET Q q 0 0 0 rg BT 381.33 584.05 Td (our ) Tj ET Q q 0 0 0 rg BT 394.45 584.05 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 424.44 584.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 460.22 584.05 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.89 584.05 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.89 584.05 Td ( ) Tj ET Q q 0 0 0 rg BT 487.34 584.05 Td (was ) Tj ET Q q 0 0 0 rg BT 502.23 584.05 Td (33.8% ) Tj ET Q q 0 0 0 rg BT 525.35 584.05 Td (and ) Tj ET Q q 0 0 0 rg BT 539.35 584.05 Td (38.2%, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 574.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 88.13 574.45 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 555.85 Td (Cr) Tj ET Q q 0 0 0 rg BT 58.15 555.85 Td (oatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 540.25 Td (e ) Tj ET Q q 0 0 0 rg BT 61.88 540.25 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.85 540.25 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.40 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.82 540.25 Td (general ) Tj ET Q q 0 0 0 rg BT 124.79 540.25 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 170.19 540.25 Td (channel, ) Tj ET Q q 0 0 0 rg BT 198.49 540.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 214.79 540.25 Td (A) Tj ET Q q 0 0 0 rg BT 220.13 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 221.45 540.25 Td (TV) Tj ET Q q 0 0 0 rg BT 231.97 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.39 540.25 Td (\(Croatia\), ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.69 540.25 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.24 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.66 540.25 Td (female-oriented ) Tj ET Q q 0 0 0 rg BT 330.72 540.25 Td (channel, ) Tj ET Q q 0 0 0 rg BT 359.02 540.25 Td (DOMA) Tj ET Q q 0 0 0 rg BT 383.03 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 384.35 540.25 Td (TV) Tj ET Q q 0 0 0 rg BT 394.87 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.29 540.25 Td (\(Croatia\), ) Tj ET Q q 0 0 0 rg BT 428.59 540.25 Td (an ) Tj ET Q q 0 0 0 rg BT 437.56 540.25 Td (international ) Tj ET Q q 0 0 0 rg BT 479.42 540.25 Td (channel, ) Tj ET Q q 0 0 0 rg BT 507.72 540.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 524.02 540.25 Td (A) Tj ET Q q 0 0 0 rg BT 529.35 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 530.67 540.25 Td (WORLD, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.65 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 530.65 Td (a ) Tj ET Q q 0 0 0 rg BT 69.10 530.65 Td (children's ) Tj ET Q q 0 0 0 rg BT 101.87 530.65 Td (channel, ) Tj ET Q q 0 0 0 rg BT 130.74 530.65 Td (MINI ) Tj ET Q q 0 0 0 rg BT 150.82 530.65 Td (TV) Tj ET Q q 0 0 0 rg BT 160.45 530.65 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 476.15 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 476.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 476.15 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 476.15 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 476.15 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 476.15 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 476.15 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 476.15 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 476.15 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 446.15 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 446.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 446.15 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 446.15 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 446.15 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 446.15 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 446.15 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 446.15 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 446.15 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 520.15 m 133.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 491.15 m 133.5 491.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 520.15 m 137.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 520.15 m 254.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 491.15 m 254.5 491.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 520.15 m 259.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 520.15 m 401.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 491.15 m 401.5 491.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 520.15 m 406.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 520.15 m 481.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 491.15 m 481.5 491.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 520.15 m 486.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 520.15 m 561.5 520.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 491.15 m 561.5 491.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 421.15 m 133.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 421.15 m 137.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 421.15 m 254.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 421.15 m 259.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 421.15 m 401.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 421.15 m 406.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 421.15 m 481.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 421.15 m 486.5 421.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 421.15 m 561.5 421.15 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.70 495.38 Td (Target Demographic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 151.45 495.38 Td (Main Television Channels) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.10 495.38 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 503.38 Td (All day audience) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.55 495.38 Td (share \(2013\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 511.38 Td (Prime time) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.10 503.38 Td (audience share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 495.38 Td (\(2013\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.00 465.40 Td (\(18-54\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.50 465.38 Td (Nova TV \(Croatia\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.65 465.38 Td (CME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.50 465.38 Td (23.0%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 465.38 Td (28.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 450.40 Td (RTL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.80 450.40 Td (RTL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 450.40 Td (18.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 450.40 Td (20.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.35 435.40 Td (HTV 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.20 435.40 Td (Public television) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 435.40 Td (13.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 435.40 Td (10.5%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 412.05 Td (Source: ) Tj ET Q q 0 0 0 rg BT 76.00 412.05 Td (AGB Nielsen Media Research) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 396.45 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 84.44 396.45 Td (NOV) Tj ET Q q 0 0 0 rg BT 100.74 396.45 Td (A) Tj ET Q q 0 0 0 rg BT 106.07 396.45 Td ( ) Tj ET Q q 0 0 0 rg BT 107.52 396.45 Td (WORLD ) Tj ET Q q 0 0 0 rg BT 138.40 396.45 Td (and ) Tj ET Q q 0 0 0 rg BT 151.50 396.45 Td (MINI ) Tj ET Q q 0 0 0 rg BT 171.17 396.45 Td (TV) Tj ET Q q 0 0 0 rg BT 180.80 396.45 Td (, ) Tj ET Q q 0 0 0 rg BT 184.35 396.45 Td (the ) Tj ET Q q 0 0 0 rg BT 195.68 396.45 Td (combined ) Tj ET Q q 0 0 0 rg BT 228.78 396.45 Td (all ) Tj ET Q q 0 0 0 rg BT 238.33 396.45 Td (day ) Tj ET Q q 0 0 0 rg BT 251.44 396.45 Td (and ) Tj ET Q q 0 0 0 rg BT 264.54 396.45 Td (prime ) Tj ET Q q 0 0 0 rg BT 284.76 396.45 Td (time ) Tj ET Q q 0 0 0 rg BT 300.53 396.45 Td (audience ) Tj ET Q q 0 0 0 rg BT 330.51 396.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 352.06 396.45 Td (of ) Tj ET Q q 0 0 0 rg BT 360.28 396.45 Td (our ) Tj ET Q q 0 0 0 rg BT 372.50 396.45 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 397.60 396.45 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 429.81 396.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 464.69 396.45 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.46 396.45 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.46 396.45 Td ( ) Tj ET Q q 0 0 0 rg BT 490.02 396.45 Td (was ) Tj ET Q q 0 0 0 rg BT 504.01 396.45 Td (27.8% ) Tj ET Q q 0 0 0 rg BT 526.23 396.45 Td (and ) Tj ET Q q 0 0 0 rg BT 539.34 396.45 Td (33.5%, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 386.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 88.13 386.85 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 368.25 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 349.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 349.65 Td (e operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.00 349.65 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.55 349.65 Td ( general entertainment channel, ) Tj ET Q q 0 0 0 rg BT 201.80 349.65 Td (TV) Tj ET Q q 0 0 0 rg BT 212.32 349.65 Td ( NOV) Tj ET Q q 0 0 0 rg BT 230.62 349.65 Td (A) Tj ET Q q 0 0 0 rg BT 235.96 349.65 Td ( \(Czech Republic\), and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.71 349.65 Td (five) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.14 349.65 Td ( other channels, NOV) Tj ET Q q 0 0 0 rg BT 392.87 349.65 Td (A) Tj ET Q q 0 0 0 rg BT 398.21 349.65 Td ( CINEMA, NOV) Tj ET Q q 0 0 0 rg BT 452.06 349.65 Td (A) Tj ET Q q 0 0 0 rg BT 457.40 349.65 Td ( SPOR) Tj ET Q q 0 0 0 rg BT 478.93 349.65 Td (T) Tj ET Q q 0 0 0 rg BT 483.22 349.65 Td (, F) Tj ET Q q 0 0 0 rg BT 491.08 349.65 Td (ANDA, a male-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.05 Td (oriented channel, SMICHOV) Tj ET Q q 0 0 0 rg BT 142.95 340.05 Td (, a comedy channel and ) Tj ET Q q 0 0 0 rg BT 220.11 340.05 Td (TELKA, a classics channel launched on February 22, 2013. ) Tj ET Q q 0 0 0 rg BT 412.79 340.05 Td (W) Tj ET Q q 0 0 0 rg BT 419.70 340.05 Td (e also operate a theatrical and home video ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 330.45 Td (distribution business.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 275.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 275.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 275.95 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 275.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 275.95 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 275.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 275.95 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 275.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 275.95 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 245.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 245.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 245.95 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 245.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 245.95 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 245.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 245.95 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 245.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 245.95 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 319.95000000000005 m 133.5 319.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 290.95000000000005 m 133.5 290.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 319.95000000000005 m 137.5 319.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 319.95000000000005 m 254.5 319.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 290.95000000000005 m 254.5 290.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 319.95000000000005 m 259.5 319.95000000000005 l s 0 0 0 RG 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220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 220.95000000000005 m 254.5 220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 220.95000000000005 m 259.5 220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 220.95000000000005 m 401.5 220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 220.95000000000005 m 406.5 220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 220.95000000000005 m 481.5 220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 220.95000000000005 m 486.5 220.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 220.95000000000005 m 561.5 220.95000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.70 295.18 Td (Target Demographic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 151.45 295.18 Td (Main Television Channels) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.10 295.18 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 303.18 Td (All day audience) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.55 295.18 Td (share \(2013\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 311.18 Td (Prime time) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.10 303.18 Td (audience share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 295.18 Td (\(2013\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.00 265.20 Td (\(15-54\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 147.50 265.18 Td (TV NOVA \(Czech Republic\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.65 265.18 Td (CME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.50 265.18 Td (26.5%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 265.18 Td (31.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.90 250.20 Td (Prima) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.10 250.20 Td (MTG) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 250.20 Td (11.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 250.20 Td (12.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.45 235.20 Td (CT 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.20 235.20 Td (Public television) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 235.20 Td (13.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 235.20 Td (14.5%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 211.85 Td (Source: ) Tj ET Q q 0 0 0 rg BT 76.00 211.85 Td (A) Tj ET Q q 0 0 0 rg BT 80.89 211.85 Td (T) Tj ET Q q 0 0 0 rg BT 85.63 211.85 Td (O- Mediaresearch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 85.41 196.25 Td (NOV) Tj ET Q q 0 0 0 rg BT 101.71 196.25 Td (A) Tj ET Q q 0 0 0 rg BT 107.05 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.58 196.25 Td (SPOR) Tj ET Q q 0 0 0 rg BT 129.11 196.25 Td (T) Tj ET Q q 0 0 0 rg BT 133.41 196.25 Td (, ) Tj ET Q q 0 0 0 rg BT 137.94 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.24 196.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 184.32 196.25 Td (all ) Tj ET Q q 0 0 0 rg BT 194.85 196.25 Td (day ) Tj ET Q q 0 0 0 rg BT 208.93 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.01 196.25 Td (prime ) Tj ET Q q 0 0 0 rg BT 244.20 196.25 Td (time ) Tj ET Q q 0 0 0 rg BT 260.95 196.25 Td (audience ) Tj ET Q q 0 0 0 rg BT 291.91 196.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 314.43 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.63 196.25 Td (our ) Tj ET Q q 0 0 0 rg BT 336.82 196.25 Td (Czech ) Tj ET Q q 0 0 0 rg BT 359.34 196.25 Td (Republic ) Tj ET Q q 0 0 0 rg BT 390.76 196.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 423.94 196.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 459.80 196.25 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.55 196.25 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.55 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 487.08 196.25 Td (was ) Tj ET Q q 0 0 0 rg BT 502.05 196.25 Td (36.2% ) Tj ET Q q 0 0 0 rg BT 525.25 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.33 196.25 Td (41.2%, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 186.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 88.13 186.65 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 152.45 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 152.45 Td (e ) Tj ET Q q 0 0 0 rg BT 62.89 152.45 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.87 152.45 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 100.42 152.45 Td ( ) Tj ET Q q 0 0 0 rg BT 102.85 152.45 Td (general ) Tj ET Q q 0 0 0 rg BT 128.82 152.45 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 175.23 152.45 Td (channel, ) Tj ET Q q 0 0 0 rg BT 204.54 152.45 Td (PRO ) Tj ET Q q 0 0 0 rg BT 222.36 152.45 Td (TV) Tj ET Q q 0 0 0 rg BT 231.99 152.45 Td (, ) Tj ET Q q 0 0 0 rg BT 236.43 152.45 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.41 152.45 Td (eight) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.41 152.45 Td ( ) Tj ET Q q 0 0 0 rg BT 268.84 152.45 Td (other ) Tj ET Q q 0 0 0 rg BT 287.71 152.45 Td (channels, ) Tj ET Q q 0 0 0 rg BT 319.59 152.45 Td (ACASA, ) Tj ET Q q 0 0 0 rg BT 350.60 152.45 Td (ACASA) Tj ET Q q 0 0 0 rg BT 377.28 152.45 Td ( ) Tj ET Q q 0 0 0 rg BT 379.71 152.45 Td (GOLD, ) Tj ET Q q 0 0 0 rg BT 406.36 152.45 Td (PRO ) Tj ET Q q 0 0 0 rg BT 424.36 152.45 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 460.35 152.45 Td (SPOR) Tj ET Q q 0 0 0 rg BT 479.88 152.45 Td (T) Tj ET Q q 0 0 0 rg BT 484.17 152.45 Td (.RO, ) Tj ET Q q 0 0 0 rg BT 501.72 152.45 Td (MTV) Tj ET Q q 0 0 0 rg BT 519.35 152.45 Td ( ) Tj ET Q q 0 0 0 rg BT 521.78 152.45 Td (ROMANIA, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 142.85 Td (PRO ) Tj ET Q q 0 0 0 rg BT 68.62 142.85 Td (TV) Tj ET Q q 0 0 0 rg BT 79.14 142.85 Td ( ) Tj ET Q q 0 0 0 rg BT 82.44 142.85 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 116.66 142.85 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 151.73 142.85 Td (an ) Tj ET Q q 0 0 0 rg BT 162.58 142.85 Td (international ) Tj ET Q q 0 0 0 rg BT 206.31 142.85 Td (channel, ) Tj ET Q q 0 0 0 rg BT 236.48 142.85 Td (PRO ) Tj ET Q q 0 0 0 rg BT 255.10 142.85 Td (TV) Tj ET Q q 0 0 0 rg BT 265.62 142.85 Td ( ) Tj ET Q q 0 0 0 rg BT 268.92 142.85 Td (CHISINAU, ) Tj ET Q q 0 0 0 rg BT 312.44 142.85 Td (a ) Tj ET Q q 0 0 0 rg BT 319.29 142.85 Td (general ) Tj ET Q q 0 0 0 rg BT 346.13 142.85 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 393.41 142.85 Td (channel ) Tj ET Q q 0 0 0 rg BT 421.58 142.85 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 465.76 142.85 Td (in ) Tj ET Q q 0 0 0 rg BT 475.28 142.85 Td (Moldova, ) Tj ET Q q 0 0 0 rg BT 509.46 142.85 Td (and ) Tj ET Q q 0 0 0 rg BT 523.59 142.85 Td (ACASA) Tj ET Q q 0 0 0 rg BT 550.26 142.85 Td ( ) Tj ET Q q 0 0 0 rg BT 553.56 142.85 Td (IN ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (MOLDOV) Tj ET Q q 0 0 0 rg BT 84.08 133.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 94.42 133.25 Td (W) Tj ET Q q 0 0 0 rg BT 101.33 133.25 Td (e ) Tj ET Q q 0 0 0 rg BT 107.64 133.25 Td (also ) Tj ET Q q 0 0 0 rg BT 123.29 133.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 149.60 133.25 Td (a ) Tj ET Q q 0 0 0 rg BT 155.91 133.25 Td (productions ) Tj ET Q q 0 0 0 rg BT 196.45 133.25 Td (services ) Tj ET Q q 0 0 0 rg BT 224.98 133.25 Td (business ) Tj ET Q q 0 0 0 rg BT 254.85 133.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.95 133.25 Td (local ) Tj ET Q q 0 0 0 rg BT 285.26 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.57 133.25 Td (international ) Tj ET Q q 0 0 0 rg BT 342.77 133.25 Td (production ) Tj ET Q q 0 0 0 rg BT 380.19 133.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 410.28 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.59 133.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 450.89 133.25 Td (cinema ) Tj ET Q q 0 0 0 rg BT 476.76 133.25 Td (screens ) Tj ET Q q 0 0 0 rg BT 503.06 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.38 133.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.69 133.25 Td (home ) Tj ET Q q 0 0 0 rg BT 544.23 133.25 Td (video ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 123.65 Td (distribution ) Tj ET Q q 0 0 0 rg BT 88.89 123.65 Td (business.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (7) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 704.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 704.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 704.50 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 704.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 704.50 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 704.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 704.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 704.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 704.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 674.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 674.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 674.50 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 674.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 674.50 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 674.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 674.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 674.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 674.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 644.50 84.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 644.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 644.50 117.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 644.50 5.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 644.50 142.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 644.50 5.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 644.50 75.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 644.50 5.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 644.50 75.00 -10.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 748.5 m 133.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 719.5 m 133.5 719.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 748.5 m 137.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 748.5 m 254.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 719.5 m 254.5 719.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 748.5 m 259.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 748.5 m 401.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 719.5 m 401.5 719.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 748.5 m 406.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 748.5 m 481.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 719.5 m 481.5 719.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 748.5 m 486.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 748.5 m 561.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 719.5 m 561.5 719.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 634.5 m 133.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 634.5 m 137.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 634.5 m 254.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 634.5 m 259.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 634.5 m 401.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 634.5 m 406.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 634.5 m 481.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 634.5 m 486.5 634.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 634.5 m 561.5 634.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.70 723.73 Td (Target Demographic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 151.45 723.73 Td (Main Television Channels) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.10 723.73 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 731.73 Td (All day audience) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.55 723.73 Td (share \(2013\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 739.73 Td (Prime time) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.10 731.73 Td (audience share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 723.73 Td (\(2013\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 693.75 Td (\(18-49 Urban\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 180.60 693.73 Td (PRO TV) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.65 693.73 Td (CME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.50 693.73 Td (18.2%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 693.73 Td (22.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.90 678.75 Td (Antena 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.55 678.75 Td (Intact group) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 678.75 Td (14.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 678.75 Td (13.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.75 663.75 Td (Prima TV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 663.75 Td (ProSiebenSat1 Media Group) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.15 663.75 Td (4.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.15 663.75 Td (5.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.50 648.75 Td (TVR 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.20 648.75 Td (Public television) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.15 648.75 Td (2.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.15 648.75 Td (2.3%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 625.40 Td (Source: Kantar Media) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 609.80 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 84.47 609.80 Td (PRO ) Tj ET Q q 0 0 0 rg BT 101.50 609.80 Td (TV) Tj ET Q q 0 0 0 rg BT 112.02 609.80 Td ( ) Tj ET Q q 0 0 0 rg BT 113.60 609.80 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 147.82 609.80 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 181.18 609.80 Td (PRO ) Tj ET Q q 0 0 0 rg BT 198.21 609.80 Td (TV) Tj ET Q q 0 0 0 rg BT 208.73 609.80 Td ( ) Tj ET Q q 0 0 0 rg BT 210.32 609.80 Td (CHISINAU ) Tj ET Q q 0 0 0 rg BT 250.12 609.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.91 609.80 Td (ACASA) Tj ET Q q 0 0 0 rg BT 289.58 609.80 Td ( ) Tj ET Q q 0 0 0 rg BT 291.17 609.80 Td (IN ) Tj ET Q q 0 0 0 rg BT 301.20 609.80 Td (MOLDOV) Tj ET Q q 0 0 0 rg BT 335.27 609.80 Td (A, ) Tj ET Q q 0 0 0 rg BT 344.64 609.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.00 609.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 389.13 609.80 Td (all ) Tj ET Q q 0 0 0 rg BT 398.71 609.80 Td (day ) Tj ET Q q 0 0 0 rg BT 411.84 609.80 Td (and ) Tj ET Q q 0 0 0 rg BT 424.98 609.80 Td (prime ) Tj ET Q q 0 0 0 rg BT 445.22 609.80 Td (time ) Tj ET Q q 0 0 0 rg BT 461.03 609.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 491.04 609.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 512.62 609.80 Td (of ) Tj ET Q q 0 0 0 rg BT 520.87 609.80 Td (our ) Tj ET Q q 0 0 0 rg BT 533.11 609.80 Td (Romania ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 82.65 600.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 117.98 600.25 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.20 600.25 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 142.20 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.20 600.25 Td (was ) Tj ET Q q 0 0 0 rg BT 158.64 600.25 Td (25.3% ) Tj ET Q q 0 0 0 rg BT 181.30 600.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.86 600.25 Td (30.9%, ) Tj ET Q q 0 0 0 rg BT 219.52 600.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 257.65 600.25 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 581.60 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 566.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 566.05 Td (e ) Tj ET Q q 0 0 0 rg BT 62.79 566.05 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.66 566.05 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 100.21 566.05 Td ( ) Tj ET Q q 0 0 0 rg BT 102.54 566.05 Td (general ) Tj ET Q q 0 0 0 rg BT 128.41 566.05 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 174.72 566.05 Td (channel, ) Tj ET Q q 0 0 0 rg BT 203.76 566.05 Td (TV) Tj ET Q q 0 0 0 rg BT 214.28 566.05 Td ( ) Tj ET Q q 0 0 0 rg BT 216.61 566.05 Td (MARKIZA, ) Tj ET Q q 0 0 0 rg BT 258.27 566.05 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.15 566.05 Td (two) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.15 566.05 Td ( ) Tj ET Q q 0 0 0 rg BT 286.48 566.05 Td (other ) Tj ET Q q 0 0 0 rg BT 305.25 566.05 Td (channels, ) Tj ET Q q 0 0 0 rg BT 337.57 566.05 Td (DOMA) Tj ET Q q 0 0 0 rg BT 361.57 566.05 Td ( ) Tj ET Q q 0 0 0 rg BT 363.90 566.05 Td (\(Slovak ) Tj ET Q q 0 0 0 rg BT 391.12 566.05 Td (Republic\), ) Tj ET Q q 0 0 0 rg BT 426.99 566.05 Td (a ) Tj ET Q q 0 0 0 rg BT 432.87 566.05 Td (female-oriented ) Tj ET Q q 0 0 0 rg BT 485.84 566.05 Td (channel, ) Tj ET Q q 0 0 0 rg BT 515.05 566.05 Td (and ) Tj ET Q q 0 0 0 rg BT 528.93 566.05 Td (DAJT) Tj ET Q q 0 0 0 rg BT 548.34 566.05 Td (O, ) Tj ET Q q 0 0 0 rg BT 558.44 566.05 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 556.45 Td (male-oriented ) Tj ET Q q 0 0 0 rg BT 96.42 556.45 Td (channel.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 501.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 501.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 501.95 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 501.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 501.95 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 501.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 501.95 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 501.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 501.95 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 471.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 471.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 471.95 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 471.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 471.95 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 471.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 471.95 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 471.95 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 471.95 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 545.95 m 133.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 516.95 m 133.5 516.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 545.95 m 137.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 545.95 m 254.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 516.95 m 254.5 516.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 545.95 m 259.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 545.95 m 401.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 516.95 m 401.5 516.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 545.95 m 406.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 545.95 m 481.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 516.95 m 481.5 516.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 545.95 m 486.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 545.95 m 561.5 545.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 516.95 m 561.5 516.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 446.95 m 133.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 446.95 m 137.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 446.95 m 254.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 446.95 m 259.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 446.95 m 401.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 446.95 m 406.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 446.95 m 481.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 446.95 m 486.5 446.95 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 446.95 m 561.5 446.95 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.70 521.18 Td (Target Demographic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 151.45 521.18 Td (Main Television Channels) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.10 521.18 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 529.18 Td (All day audience) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.55 521.18 Td (share \(2013\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 537.18 Td (Prime time) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.10 529.18 Td (audience share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 521.18 Td (\(2013\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.00 491.20 Td (\(12-54\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 169.45 491.18 Td (TV MARKIZA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.65 491.18 Td (CME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.50 491.18 Td (25.9%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 491.18 Td (28.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.20 476.20 Td (TV JOJ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.70 476.20 Td (J&T Media Enterprises) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 476.20 Td (18.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 476.20 Td (21.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.00 461.20 Td (STV 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.20 461.20 Td (Public Television) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.15 461.20 Td (6.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.15 461.20 Td (6.7%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 437.80 Td (Source: PMT) Tj ET Q q 0 0 0 rg BT 92.74 437.80 Td ( / ) Tj ET Q q 0 0 0 rg BT 98.82 437.80 Td (TNS SK) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 422.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 422.20 Td (combined ) Tj ET Q q 0 0 0 rg BT 97.98 422.20 Td (all ) Tj ET Q q 0 0 0 rg BT 107.98 422.20 Td (day ) Tj ET Q q 0 0 0 rg BT 121.53 422.20 Td (and ) Tj ET Q q 0 0 0 rg BT 135.08 422.20 Td (prime ) Tj ET Q q 0 0 0 rg BT 155.74 422.20 Td (time ) Tj ET Q q 0 0 0 rg BT 171.96 422.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 202.39 422.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 224.38 422.20 Td (of ) Tj ET Q q 0 0 0 rg BT 233.04 422.20 Td (our ) Tj ET Q q 0 0 0 rg BT 245.71 422.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 269.93 422.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 300.81 422.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 333.46 422.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 368.79 422.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.01 422.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.01 422.20 Td ( ) Tj ET Q q 0 0 0 rg BT 395.01 422.20 Td (was ) Tj ET Q q 0 0 0 rg BT 409.45 422.20 Td (34.1% ) Tj ET Q q 0 0 0 rg BT 432.12 422.20 Td (and ) Tj ET Q q 0 0 0 rg BT 445.67 422.20 Td (36.8%, ) Tj ET Q q 0 0 0 rg BT 470.33 422.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 508.46 422.20 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 403.60 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 388.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.46 388.00 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.00 388.00 Td (two) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 100.00 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 102.00 388.00 Td (general ) Tj ET Q q 0 0 0 rg BT 127.54 388.00 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 173.52 388.00 Td (channels, ) Tj ET Q q 0 0 0 rg BT 205.51 388.00 Td (POP) Tj ET Q q 0 0 0 rg BT 219.89 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 221.74 388.00 Td (TV) Tj ET Q q 0 0 0 rg BT 232.26 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 234.26 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 247.81 388.00 Td (KANAL) Tj ET Q q 0 0 0 rg BT 275.51 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 277.07 388.00 Td (A, ) Tj ET Q q 0 0 0 rg BT 286.85 388.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.40 388.00 Td (three) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.39 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 318.39 388.00 Td (other ) Tj ET Q q 0 0 0 rg BT 336.82 388.00 Td (channels, ) Tj ET Q q 0 0 0 rg BT 368.81 388.00 Td (KINO, ) Tj ET Q q 0 0 0 rg BT 392.81 388.00 Td (BRIO ) Tj ET Q q 0 0 0 rg BT 413.92 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 427.47 388.00 Td (OT) Tj ET Q q 0 0 0 rg BT 437.99 388.00 Td (O.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 333.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 333.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 333.50 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 333.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 333.50 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 333.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 333.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 333.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 333.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 303.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 303.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 137.50 303.50 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 303.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 303.50 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 303.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 303.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 303.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 303.50 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 377.5 m 133.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 348.5 m 133.5 348.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 377.5 m 137.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 377.5 m 254.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 348.5 m 254.5 348.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 377.5 m 259.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 377.5 m 401.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 348.5 m 401.5 348.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 377.5 m 406.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 377.5 m 481.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 348.5 m 481.5 348.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 377.5 m 486.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 377.5 m 561.5 377.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 348.5 m 561.5 348.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 278.5 m 133.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 278.5 m 137.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 137.5 278.5 m 254.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 278.5 m 259.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 278.5 m 401.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 278.5 m 406.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 278.5 m 481.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 278.5 m 486.5 278.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 278.5 m 561.5 278.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 55.70 352.73 Td (Target Demographic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 151.45 352.73 Td (Main Television Channels) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.10 352.73 Td (Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.05 360.73 Td (All day audience) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.55 352.73 Td (share \(2013\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 368.73 Td (Prime time) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.10 360.73 Td (audience share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.80 352.73 Td (\(2013\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 79.00 322.75 Td (\(18-49\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.30 322.73 Td (POP TV) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.65 322.73 Td (CME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.50 322.73 Td (23.3%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 322.73 Td (32.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.90 307.75 Td (SLO 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.20 307.75 Td (Public Television) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.15 307.75 Td (10.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.15 307.75 Td (12.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.30 292.75 Td (Planet TV) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.70 292.75 Td (Antenna Group / TSmedia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.15 292.75 Td (5.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.15 292.75 Td (5.7%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 269.40 Td (Source: ) Tj ET Q q 0 0 0 rg BT 76.00 269.40 Td (AGB Nielsen Media Research) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 253.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 253.80 Td (combined ) Tj ET Q q 0 0 0 rg BT 97.98 253.80 Td (all ) Tj ET Q q 0 0 0 rg BT 107.98 253.80 Td (day ) Tj ET Q q 0 0 0 rg BT 121.53 253.80 Td (and ) Tj ET Q q 0 0 0 rg BT 135.08 253.80 Td (prime ) Tj ET Q q 0 0 0 rg BT 155.74 253.80 Td (time ) Tj ET Q q 0 0 0 rg BT 171.96 253.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 202.39 253.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 224.38 253.80 Td (of ) Tj ET Q q 0 0 0 rg BT 233.04 253.80 Td (our ) Tj ET Q q 0 0 0 rg BT 245.71 253.80 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 275.70 253.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 308.36 253.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.68 253.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.90 253.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.90 253.80 Td ( ) Tj ET Q q 0 0 0 rg BT 369.90 253.80 Td (was ) Tj ET Q q 0 0 0 rg BT 384.34 253.80 Td (38.3% ) Tj ET Q q 0 0 0 rg BT 407.01 253.80 Td (and ) Tj ET Q q 0 0 0 rg BT 420.56 253.80 Td (47.5%, ) Tj ET Q q 0 0 0 rg BT 445.22 253.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 483.35 253.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 235.20 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 219.60 Td (e ) Tj ET Q q 0 0 0 rg BT 63.09 219.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 92.80 219.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 130.98 219.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.04 219.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 194.43 219.60 Td (through ) Tj ET Q q 0 0 0 rg BT 221.95 219.60 Td (entering ) Tj ET Q q 0 0 0 rg BT 250.78 219.60 Td (into ) Tj ET Q q 0 0 0 rg BT 265.86 219.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 304.91 219.60 Td (with ) Tj ET Q q 0 0 0 rg BT 321.76 219.60 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 361.04 219.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 399.21 219.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 429.38 219.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.55 219.60 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 474.19 219.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.04 219.60 Td (place ) Tj ET Q q 0 0 0 rg BT 502.54 219.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 540.71 219.60 Td (on ) Tj ET Q q 0 0 0 rg BT 551.34 219.60 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 210.00 Td (television ) Tj ET Q q 0 0 0 rg BT 83.11 210.00 Td (channels.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 194.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.30 194.40 Td (main ) Tj ET Q q 0 0 0 rg BT 82.15 194.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 96.45 194.40 Td (of ) Tj ET Q q 0 0 0 rg BT 104.96 194.40 Td (inventory ) Tj ET Q q 0 0 0 rg BT 137.48 194.40 Td (is ) Tj ET Q q 0 0 0 rg BT 144.67 194.40 Td (the ) Tj ET Q q 0 0 0 rg BT 156.30 194.40 Td (commercial ) Tj ET Q q 0 0 0 rg BT 195.91 194.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 214.66 194.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 235.17 194.40 Td (point ) Tj ET Q q 0 0 0 rg BT 253.47 194.40 Td (\(GRP\), ) Tj ET Q q 0 0 0 rg BT 285.32 194.40 Td (a ) Tj ET Q q 0 0 0 rg BT 290.72 194.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 319.23 194.40 Td (of ) Tj ET Q q 0 0 0 rg BT 327.75 194.40 Td (the ) Tj ET Q q 0 0 0 rg BT 339.38 194.40 Td (number ) Tj ET Q q 0 0 0 rg BT 365.67 194.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.19 194.40 Td (people ) Tj ET Q q 0 0 0 rg BT 397.36 194.40 Td (watching ) Tj ET Q q 0 0 0 rg BT 428.54 194.40 Td (television ) Tj ET Q q 0 0 0 rg BT 461.50 194.40 Td (when ) Tj ET Q q 0 0 0 rg BT 480.69 194.40 Td (an ) Tj ET Q q 0 0 0 rg BT 490.09 194.40 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 536.82 194.40 Td (is ) Tj ET Q q 0 0 0 rg BT 544.01 194.40 Td (aired. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 184.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 184.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.35 184.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 94.01 184.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 121.66 184.80 Td (with ) Tj ET Q q 0 0 0 rg BT 137.78 184.80 Td (a ) Tj ET Q q 0 0 0 rg BT 143.22 184.80 Td (client ) Tj ET Q q 0 0 0 rg BT 162.88 184.80 Td (to ) Tj ET Q q 0 0 0 rg BT 171.00 184.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 197.33 184.80 Td (an ) Tj ET Q q 0 0 0 rg BT 206.77 184.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 229.98 184.80 Td (number ) Tj ET Q q 0 0 0 rg BT 256.31 184.80 Td (of ) Tj ET Q q 0 0 0 rg BT 264.87 184.80 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 285.44 184.80 Td (for ) Tj ET Q q 0 0 0 rg BT 296.66 184.80 Td (an ) Tj ET Q q 0 0 0 rg BT 306.10 184.80 Td (agreed ) Tj ET Q q 0 0 0 rg BT 329.31 184.80 Td (price ) Tj ET Q q 0 0 0 rg BT 347.19 184.80 Td (\(cost ) Tj ET Q q 0 0 0 rg BT 368.18 184.80 Td (per ) Tj ET Q q 0 0 0 rg BT 380.29 184.80 Td (point ) Tj ET Q q 0 0 0 rg BT 402.18 184.80 Td (or ) Tj ET Q q 0 0 0 rg BT 410.74 184.80 Td (CPP\). ) Tj ET Q q 0 0 0 rg BT 438.63 184.80 Td (Much ) Tj ET Q q 0 0 0 rg BT 459.19 184.80 Td (less ) Tj ET Q q 0 0 0 rg BT 473.08 184.80 Td (frequently) Tj ET Q q 0 0 0 rg BT 505.43 184.80 Td (, ) Tj ET Q q 0 0 0 rg BT 509.33 184.80 Td (and ) Tj ET Q q 0 0 0 rg BT 522.77 184.80 Td (usually ) Tj ET Q q 0 0 0 rg BT 547.77 184.80 Td (only ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 175.20 Td (for ) Tj ET Q q 0 0 0 rg BT 61.55 175.20 Td (small ) Tj ET Q q 0 0 0 rg BT 81.10 175.20 Td (niche ) Tj ET Q q 0 0 0 rg BT 100.65 175.20 Td (channels, ) Tj ET Q q 0 0 0 rg BT 132.86 175.20 Td (we ) Tj ET Q q 0 0 0 rg BT 144.40 175.20 Td (may ) Tj ET Q q 0 0 0 rg BT 160.40 175.20 Td (sell ) Tj ET Q q 0 0 0 rg BT 173.73 175.20 Td (on ) Tj ET Q q 0 0 0 rg BT 183.95 175.20 Td (a ) Tj ET Q q 0 0 0 rg BT 189.72 175.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 208.38 175.20 Td (spot ) Tj ET Q q 0 0 0 rg BT 223.94 175.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 242.16 175.20 Td (where ) Tj ET Q q 0 0 0 rg BT 263.92 175.20 Td (an ) Tj ET Q q 0 0 0 rg BT 273.69 175.20 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 320.78 175.20 Td (is ) Tj ET Q q 0 0 0 rg BT 328.34 175.20 Td (placed ) Tj ET Q q 0 0 0 rg BT 351.44 175.20 Td (at ) Tj ET Q q 0 0 0 rg BT 359.43 175.20 Td (an ) Tj ET Q q 0 0 0 rg BT 369.20 175.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 392.74 175.20 Td (time ) Tj ET Q q 0 0 0 rg BT 409.18 175.20 Td (for ) Tj ET Q q 0 0 0 rg BT 420.73 175.20 Td (a ) Tj ET Q q 0 0 0 rg BT 426.50 175.20 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 462.04 175.20 Td (price ) Tj ET Q q 0 0 0 rg BT 480.25 175.20 Td (that ) Tj ET Q q 0 0 0 rg BT 494.46 175.20 Td (is ) Tj ET Q q 0 0 0 rg BT 502.02 175.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 543.34 175.20 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 175.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 165.60 Td (number ) Tj ET Q q 0 0 0 rg BT 76.96 165.60 Td (of ) Tj ET Q q 0 0 0 rg BT 86.15 165.60 Td (viewers. ) Tj ET Q q 0 0 0 rg BT 115.37 165.60 Td (The ) Tj ET Q q 0 0 0 rg BT 130.33 165.60 Td (CPP) Tj ET Q q 0 0 0 rg BT 144.26 165.60 Td ( ) Tj ET Q q 0 0 0 rg BT 146.79 165.60 Td (varies ) Tj ET Q q 0 0 0 rg BT 168.41 165.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 204.26 165.60 Td (on ) Tj ET Q q 0 0 0 rg BT 214.78 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.07 165.60 Td (season ) Tj ET Q q 0 0 0 rg BT 250.93 165.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.00 165.60 Td (time ) Tj ET Q q 0 0 0 rg BT 281.74 165.60 Td (of ) Tj ET Q q 0 0 0 rg BT 290.93 165.60 Td (day ) Tj ET Q q 0 0 0 rg BT 305.00 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.30 165.60 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 364.69 165.60 Td (is ) Tj ET Q q 0 0 0 rg BT 372.55 165.60 Td (aired, ) Tj ET Q q 0 0 0 rg BT 393.06 165.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.35 165.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 431.87 165.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.06 165.60 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 462.26 165.60 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 499.21 165.60 Td (requests ) Tj ET Q q 0 0 0 rg BT 527.95 165.60 Td (for ) Tj ET Q q 0 0 0 rg BT 539.80 165.60 Td (special ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 156.00 Td (positioning ) Tj ET Q q 0 0 0 rg BT 88.29 156.00 Td (of ) Tj ET Q q 0 0 0 rg BT 97.25 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.31 156.00 Td (advertisement, ) Tj ET Q q 0 0 0 rg BT 158.47 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.53 156.00 Td (demographic ) Tj ET Q q 0 0 0 rg BT 214.58 156.00 Td (group ) Tj ET Q q 0 0 0 rg BT 235.54 156.00 Td (that ) Tj ET Q q 0 0 0 rg BT 249.82 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.88 156.00 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 309.04 156.00 Td (is ) Tj ET Q q 0 0 0 rg BT 316.67 156.00 Td (tar) Tj ET Q q 0 0 0 rg BT 324.96 156.00 Td (geting ) Tj ET Q q 0 0 0 rg BT 347.25 156.00 Td (and ) Tj ET Q q 0 0 0 rg BT 361.09 156.00 Td (other ) Tj ET Q q 0 0 0 rg BT 379.81 156.00 Td (factors. ) Tj ET Q q 0 0 0 rg BT 405.87 156.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 420.60 156.00 Td (lar) Tj ET Q q 0 0 0 rg BT 428.89 156.00 Td (ger ) Tj ET Q q 0 0 0 rg BT 441.39 156.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 479.23 156.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 513.96 156.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 546.01 156.00 Td (enter ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 146.40 Td (into ) Tj ET Q q 0 0 0 rg BT 64.45 146.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 87.77 146.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 118.64 146.40 Td (and ) Tj ET Q q 0 0 0 rg BT 132.20 146.40 Td (set ) Tj ET Q q 0 0 0 rg BT 143.08 146.40 Td (the ) Tj ET Q q 0 0 0 rg BT 154.86 146.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 179.52 146.40 Td (for ) Tj ET Q q 0 0 0 rg BT 190.84 146.40 Td (a ) Tj ET Q q 0 0 0 rg BT 196.39 146.40 Td (committed ) Tj ET Q q 0 0 0 rg BT 232.61 146.40 Td (volume ) Tj ET Q q 0 0 0 rg BT 258.61 146.40 Td (of ) Tj ET Q q 0 0 0 rg BT 267.27 146.40 Td (GRPs.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 130.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.30 130.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 81.71 130.80 Td (strategy ) Tj ET Q q 0 0 0 rg BT 108.90 130.80 Td (is ) Tj ET Q q 0 0 0 rg BT 116.09 130.80 Td (to ) Tj ET Q q 0 0 0 rg BT 124.18 130.80 Td (maximize ) Tj ET Q q 0 0 0 rg BT 157.58 130.80 Td (the ) Tj ET Q q 0 0 0 rg BT 169.21 130.80 Td (monetization ) Tj ET Q q 0 0 0 rg BT 212.84 130.80 Td (of ) Tj ET Q q 0 0 0 rg BT 221.36 130.80 Td (our ) Tj ET Q q 0 0 0 rg BT 233.89 130.80 Td (inventory ) Tj ET Q q 0 0 0 rg BT 266.41 130.80 Td (by ) Tj ET Q q 0 0 0 rg BT 276.27 130.80 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 311.89 130.80 Td (our ) Tj ET Q q 0 0 0 rg BT 324.42 130.80 Td (high ) Tj ET Q q 0 0 0 rg BT 340.50 130.80 Td (brand ) Tj ET Q q 0 0 0 rg BT 360.57 130.80 Td (power ) Tj ET Q q 0 0 0 rg BT 382.43 130.80 Td (and ) Tj ET Q q 0 0 0 rg BT 395.84 130.80 Td (applying ) Tj ET Q q 0 0 0 rg BT 425.69 130.80 Td (an ) Tj ET Q q 0 0 0 rg BT 435.11 130.80 Td (optimal ) Tj ET Q q 0 0 0 rg BT 461.41 130.80 Td (mix ) Tj ET Q q 0 0 0 rg BT 475.71 130.80 Td (of ) Tj ET Q q 0 0 0 rg BT 484.24 130.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 508.76 130.80 Td (and ) Tj ET Q q 0 0 0 rg BT 522.17 130.80 Td (sell-out ) Tj ET Q q 0 0 0 rg BT 548.03 130.80 Td (rate. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 121.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.24 121.20 Td (ef) Tj ET Q q 0 0 0 rg BT 70.31 121.20 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 107.65 121.20 Td (of ) Tj ET Q q 0 0 0 rg BT 116.11 121.20 Td (our ) Tj ET Q q 0 0 0 rg BT 128.58 121.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 145.93 121.20 Td (strategy ) Tj ET Q q 0 0 0 rg BT 173.05 121.20 Td (is ) Tj ET Q q 0 0 0 rg BT 180.19 121.20 Td (measured ) Tj ET Q q 0 0 0 rg BT 212.64 121.20 Td (by ) Tj ET Q q 0 0 0 rg BT 222.45 121.20 Td (our ) Tj ET Q q 0 0 0 rg BT 234.91 121.20 Td (share ) Tj ET Q q 0 0 0 rg BT 253.59 121.20 Td (of ) Tj ET Q q 0 0 0 rg BT 262.05 121.20 Td (the ) Tj ET Q q 0 0 0 rg BT 273.63 121.20 Td (television ) Tj ET Q q 0 0 0 rg BT 306.54 121.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 343.88 121.20 Td (market, ) Tj ET Q q 0 0 0 rg BT 369.89 121.20 Td (which ) Tj ET Q q 0 0 0 rg BT 391.25 121.20 Td (represents ) Tj ET Q q 0 0 0 rg BT 425.48 121.20 Td (the ) Tj ET Q q 0 0 0 rg BT 437.05 121.20 Td (proportion ) Tj ET Q q 0 0 0 rg BT 472.63 121.20 Td (of ) Tj ET Q q 0 0 0 rg BT 481.09 121.20 Td (our ) Tj ET Q q 0 0 0 rg BT 493.55 121.20 Td (television ) Tj ET Q q 0 0 0 rg BT 526.46 121.20 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 111.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 80.14 111.60 Td (in ) Tj ET Q q 0 0 0 rg BT 88.08 111.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.57 111.60 Td (market ) Tj ET Q q 0 0 0 rg BT 123.49 111.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 156.75 111.60 Td (to ) Tj ET Q q 0 0 0 rg BT 164.68 111.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.17 111.60 Td (total ) Tj ET Q q 0 0 0 rg BT 192.10 111.60 Td (television ) Tj ET Q q 0 0 0 rg BT 224.92 111.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 262.18 111.60 Td (market. ) Tj ET Q q 0 0 0 rg BT 287.98 111.60 Td (W) Tj ET Q q 0 0 0 rg BT 294.89 111.60 Td (e ) Tj ET Q q 0 0 0 rg BT 300.16 111.60 Td (also ) Tj ET Q q 0 0 0 rg BT 314.76 111.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 343.56 111.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 377.27 111.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 407.41 111.60 Td (by ) Tj ET Q q 0 0 0 rg BT 417.13 111.60 Td (collecting ) Tj ET Q q 0 0 0 rg BT 450.38 111.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 464.97 111.60 Td (from ) Tj ET Q q 0 0 0 rg BT 482.24 111.60 Td (cable ) Tj ET Q q 0 0 0 rg BT 500.83 111.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.09 111.60 Td (DTH ) Tj ET Q q 0 0 0 rg BT 532.25 111.60 Td (operators ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 102.00 Td (for ) Tj ET Q q 0 0 0 rg BT 61.33 102.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 89.08 102.00 Td (of ) Tj ET Q q 0 0 0 rg BT 97.75 102.00 Td (our ) Tj ET Q q 0 0 0 rg BT 110.41 102.00 Td (channels.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 86.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 86.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.43 86.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 87.93 86.40 Td (our ) Tj ET Q q 0 0 0 rg BT 100.56 86.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 133.18 86.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 168.47 86.40 Td (based ) Tj ET Q q 0 0 0 rg BT 188.65 86.40 Td (on ) Tj ET Q q 0 0 0 rg BT 198.62 86.40 Td (a ) Tj ET Q q 0 0 0 rg BT 204.13 86.40 Td (business ) Tj ET Q q 0 0 0 rg BT 233.21 86.40 Td (model ) Tj ET Q q 0 0 0 rg BT 255.17 86.40 Td (of ) Tj ET Q q 0 0 0 rg BT 263.80 86.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 294.20 86.40 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 331.04 86.40 Td (brand ) Tj ET Q q 0 0 0 rg BT 351.22 86.40 Td (strength ) Tj ET Q q 0 0 0 rg BT 378.96 86.40 Td (and ) Tj ET Q q 0 0 0 rg BT 392.47 86.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 414.44 86.40 Td (local ) Tj ET Q q 0 0 0 rg BT 431.95 86.40 Td (content. ) Tj ET Q q 0 0 0 rg BT 459.32 86.40 Td (These ) Tj ET Q q 0 0 0 rg BT 480.39 86.40 Td (solid ) Tj ET Q q 0 0 0 rg BT 497.91 86.40 Td (pillars ) Tj ET Q q 0 0 0 rg BT 519.88 86.40 Td (are ) Tj ET Q q 0 0 0 rg BT 531.61 86.40 Td (critical ) Tj ET Q q 0 0 0 rg BT 555.78 86.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 76.80 Td (generating ) Tj ET Q q 0 0 0 rg BT 85.76 76.80 Td (strong ) Tj ET Q q 0 0 0 rg BT 107.76 76.80 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 140.19 76.80 Td (especially ) Tj ET Q q 0 0 0 rg BT 174.18 76.80 Td (when ) Tj ET Q q 0 0 0 rg BT 193.50 76.80 Td (our ) Tj ET Q q 0 0 0 rg BT 206.17 76.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 233.49 76.80 Td (return ) Tj ET Q q 0 0 0 rg BT 254.59 76.80 Td (to ) Tj ET Q q 0 0 0 rg BT 262.82 76.80 Td (growth. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 61.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.85 61.20 Td (public ) Tj ET Q q 0 0 0 rg BT 87.26 61.20 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 129.66 61.20 Td (in ) Tj ET Q q 0 0 0 rg BT 138.29 61.20 Td (our ) Tj ET Q q 0 0 0 rg BT 151.37 61.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 184.00 61.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 215.73 61.20 Td (are ) Tj ET Q q 0 0 0 rg BT 227.91 61.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 260.09 61.20 Td (in ) Tj ET Q q 0 0 0 rg BT 268.73 61.20 Td (the ) Tj ET Q q 0 0 0 rg BT 280.91 61.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 307.32 61.20 Td (of ) Tj ET Q q 0 0 0 rg BT 316.40 61.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 354.36 61.20 Td (that ) Tj ET Q q 0 0 0 rg BT 368.77 61.20 Td (they ) Tj ET Q q 0 0 0 rg BT 384.96 61.20 Td (may ) Tj ET Q q 0 0 0 rg BT 401.15 61.20 Td (sell. ) Tj ET Q q 0 0 0 rg BT 416.67 61.20 Td (See ) Tj ET Q q 0 0 0 rg BT 430.64 61.20 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 471.71 61.20 Td (of ) Tj ET Q q 0 0 0 rg BT 480.61 61.20 Td (T) Tj ET Q q 0 0 0 rg BT 484.94 61.20 Td (elevision ) Tj ET Q q 0 0 0 rg BT 516.24 61.20 Td (Broadcasting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.60 Td (below ) Tj ET Q q 0 0 0 rg BT 71.55 51.60 Td (for ) Tj ET Q q 0 0 0 rg BT 82.88 51.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 116.87 51.60 Td (information.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.00 33.00 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Seasonality) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 728.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.42 728.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 99.01 728.00 Td (seasonality) Tj ET Q q 0 0 0 rg BT 134.04 728.00 Td (, ) Tj ET Q q 0 0 0 rg BT 137.99 728.00 Td (with ) Tj ET Q q 0 0 0 rg BT 154.17 728.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 191.67 728.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 209.17 728.00 Td (tending ) Tj ET Q q 0 0 0 rg BT 235.12 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 243.30 728.00 Td (be ) Tj ET Q q 0 0 0 rg BT 252.81 728.00 Td (lowest ) Tj ET Q q 0 0 0 rg BT 275.65 728.00 Td (during ) Tj ET Q q 0 0 0 rg BT 298.49 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 310.21 728.00 Td (third ) Tj ET Q q 0 0 0 rg BT 327.28 728.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.88 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 360.50 728.00 Td (each ) Tj ET Q q 0 0 0 rg BT 377.11 728.00 Td (calendar ) Tj ET Q q 0 0 0 rg BT 406.15 728.00 Td (year ) Tj ET Q q 0 0 0 rg BT 421.87 728.00 Td (due ) Tj ET Q q 0 0 0 rg BT 435.38 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 443.55 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 455.28 728.00 Td (summer ) Tj ET Q q 0 0 0 rg BT 483.01 728.00 Td (holiday ) Tj ET Q q 0 0 0 rg BT 508.96 728.00 Td (period ) Tj ET Q q 0 0 0 rg BT 531.35 728.00 Td (\(typically ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (July ) Tj ET Q q 0 0 0 rg BT 65.34 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 78.45 718.40 Td (August\), ) Tj ET Q q 0 0 0 rg BT 108.22 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.77 718.40 Td (highest ) Tj ET Q q 0 0 0 rg BT 146.88 718.40 Td (during ) Tj ET Q q 0 0 0 rg BT 169.77 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 181.54 718.40 Td (fourth ) Tj ET Q q 0 0 0 rg BT 203.09 718.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 227.75 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 236.41 718.40 Td (each ) Tj ET Q q 0 0 0 rg BT 253.06 718.40 Td (calendar ) Tj ET Q q 0 0 0 rg BT 282.15 718.40 Td (year) Tj ET Q q 0 0 0 rg BT 295.48 718.40 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 699.80 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 89.34 699.80 Td (of ) Tj ET Q q 0 0 0 rg BT 97.86 699.80 Td (T) Tj ET Q q 0 0 0 rg BT 102.46 699.80 Td (elevision ) Tj ET Q q 0 0 0 rg BT 133.79 699.80 Td (Br) Tj ET Q q 0 0 0 rg BT 142.53 699.80 Td (oadcasting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 684.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 684.20 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.14 684.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 127.94 684.20 Td (in ) Tj ET Q q 0 0 0 rg BT 136.09 684.20 Td (each ) Tj ET Q q 0 0 0 rg BT 152.68 684.20 Td (of ) Tj ET Q q 0 0 0 rg BT 161.27 684.20 Td (the ) Tj ET Q q 0 0 0 rg BT 172.97 684.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 204.22 684.20 Td (in ) Tj ET Q q 0 0 0 rg BT 212.38 684.20 Td (which ) Tj ET Q q 0 0 0 rg BT 233.85 684.20 Td (we ) Tj ET Q q 0 0 0 rg BT 245.11 684.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 270.58 684.20 Td (is ) Tj ET Q q 0 0 0 rg BT 277.84 684.20 Td (regulated ) Tj ET Q q 0 0 0 rg BT 309.53 684.20 Td (by ) Tj ET Q q 0 0 0 rg BT 319.46 684.20 Td (a ) Tj ET Q q 0 0 0 rg BT 324.94 684.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 370.86 684.20 Td (authority ) Tj ET Q q 0 0 0 rg BT 401.67 684.20 Td (or ) Tj ET Q q 0 0 0 rg BT 410.26 684.20 Td (agency) Tj ET Q q 0 0 0 rg BT 432.39 684.20 Td (. ) Tj ET Q q 0 0 0 rg BT 436.32 684.20 Td (In ) Tj ET Q q 0 0 0 rg BT 444.91 684.20 Td (this ) Tj ET Q q 0 0 0 rg BT 458.40 684.20 Td (report, ) Tj ET Q q 0 0 0 rg BT 481.43 684.20 Td (we ) Tj ET Q q 0 0 0 rg BT 492.69 684.20 Td (refer ) Tj ET Q q 0 0 0 rg BT 509.71 684.20 Td (to ) Tj ET Q q 0 0 0 rg BT 517.86 684.20 Td (such ) Tj ET Q q 0 0 0 rg BT 534.46 684.20 Td (agencies ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 674.60 Td (individually ) Tj ET Q q 0 0 0 rg BT 91.02 674.60 Td (as ) Tj ET Q q 0 0 0 rg BT 100.05 674.60 Td (a ) Tj ET Q q 0 0 0 rg BT 105.96 674.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 132.30 674.60 Td (Council ) Tj ET Q q 0 0 0 rg BT 163.55 674.60 Td (and ) Tj ET Q q 0 0 0 rg BT 177.46 674.60 Td (collectively ) Tj ET Q q 0 0 0 rg BT 217.13 674.60 Td (as ) Tj ET Q q 0 0 0 rg BT 226.16 674.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 252.50 674.60 Td (Councils. ) Tj ET Q q 0 0 0 rg BT 288.86 674.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 311.66 674.60 Td (Councils ) Tj ET Q q 0 0 0 rg BT 342.46 674.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 374.58 674.60 Td (supervise ) Tj ET Q q 0 0 0 rg BT 407.16 674.60 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 449.50 674.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 674.60 Td (their ) Tj ET Q q 0 0 0 rg BT 480.43 674.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 519.66 674.60 Td (with ) Tj ET Q q 0 0 0 rg BT 536.24 674.60 Td (national ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 665.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 92.88 665.00 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 130.20 665.00 Td (as ) Tj ET Q q 0 0 0 rg BT 138.87 665.00 Td (well ) Tj ET Q q 0 0 0 rg BT 154.64 665.00 Td (as ) Tj ET Q q 0 0 0 rg BT 163.30 665.00 Td (control ) Tj ET Q q 0 0 0 rg BT 187.96 665.00 Td (access ) Tj ET Q q 0 0 0 rg BT 210.39 665.00 Td (to ) Tj ET Q q 0 0 0 rg BT 218.62 665.00 Td (the ) Tj ET Q q 0 0 0 rg BT 230.39 665.00 Td (available ) Tj ET Q q 0 0 0 rg BT 261.26 665.00 Td (frequencies ) Tj ET Q q 0 0 0 rg BT 300.13 665.00 Td (through ) Tj ET Q q 0 0 0 rg BT 327.02 665.00 Td (licensing ) Tj ET Q q 0 0 0 rg BT 357.90 665.00 Td (regimes.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 646.40 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.70 646.40 Td (ogramming ) Tj ET Q q 0 0 0 rg BT 96.59 646.40 Td (and ) Tj ET Q q 0 0 0 rg BT 110.45 646.40 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 149.33 646.40 Td (Regulation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 630.80 Td (All ) Tj ET Q q 0 0 0 rg BT 61.88 630.80 Td (of ) Tj ET Q q 0 0 0 rg BT 70.20 630.80 Td (the ) Tj ET Q q 0 0 0 rg BT 81.63 630.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 112.61 630.80 Td (in ) Tj ET Q q 0 0 0 rg BT 120.49 630.80 Td (which ) Tj ET Q q 0 0 0 rg BT 141.70 630.80 Td (we ) Tj ET Q q 0 0 0 rg BT 152.69 630.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 177.88 630.80 Td (are ) Tj ET Q q 0 0 0 rg BT 189.31 630.80 Td (member ) Tj ET Q q 0 0 0 rg BT 217.17 630.80 Td (states ) Tj ET Q q 0 0 0 rg BT 236.60 630.80 Td (of ) Tj ET Q q 0 0 0 rg BT 244.93 630.80 Td (the ) Tj ET Q q 0 0 0 rg BT 256.36 630.80 Td (EU, ) Tj ET Q q 0 0 0 rg BT 270.68 630.80 Td (and ) Tj ET Q q 0 0 0 rg BT 283.89 630.80 Td (as ) Tj ET Q q 0 0 0 rg BT 292.21 630.80 Td (such, ) Tj ET Q q 0 0 0 rg BT 310.53 630.80 Td (our ) Tj ET Q q 0 0 0 rg BT 322.85 630.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 355.16 630.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 390.14 630.80 Td (in ) Tj ET Q q 0 0 0 rg BT 398.02 630.80 Td (such ) Tj ET Q q 0 0 0 rg BT 414.34 630.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 445.32 630.80 Td (are ) Tj ET Q q 0 0 0 rg BT 456.75 630.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 481.06 630.80 Td (to ) Tj ET Q q 0 0 0 rg BT 488.94 630.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 516.36 630.80 Td (EU ) Tj ET Q q 0 0 0 rg BT 528.68 630.80 Td (legislation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 621.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 76.43 621.20 Td (to ) Tj ET Q q 0 0 0 rg BT 84.66 621.20 Td (media. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 605.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.30 605.60 Td (EU ) Tj ET Q q 0 0 0 rg BT 76.41 605.60 Td (Audiovisual ) Tj ET Q q 0 0 0 rg BT 117.38 605.60 Td (Media ) Tj ET Q q 0 0 0 rg BT 139.68 605.60 Td (Services ) Tj ET Q q 0 0 0 rg BT 168.64 605.60 Td (Directive ) Tj ET Q q 0 0 0 rg BT 200.26 605.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 214.56 605.60 Td (A) Tj ET Q q 0 0 0 rg BT 222.86 605.60 Td (VMS ) Tj ET Q q 0 0 0 rg BT 242.06 605.60 Td (Directive\) ) Tj ET Q q 0 0 0 rg BT 279.90 605.60 Td (came ) Tj ET Q q 0 0 0 rg BT 298.63 605.60 Td (into ) Tj ET Q q 0 0 0 rg BT 312.94 605.60 Td (force ) Tj ET Q q 0 0 0 rg BT 331.23 605.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.31 605.60 Td (December ) Tj ET Q q 0 0 0 rg BT 374.04 605.60 Td (2007, ) Tj ET Q q 0 0 0 rg BT 393.90 605.60 Td (amending ) Tj ET Q q 0 0 0 rg BT 427.30 605.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.80 605.60 Td (T) Tj ET Q q 0 0 0 rg BT 443.13 605.60 Td (elevision ) Tj ET Q q 0 0 0 rg BT 473.74 605.60 Td (W) Tj ET Q q 0 0 0 rg BT 480.97 605.60 Td (ithout ) Tj ET Q q 0 0 0 rg BT 501.50 605.60 Td (Frontiers ) Tj ET Q q 0 0 0 rg BT 532.25 605.60 Td (Directive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 596.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 63.91 596.00 Td (TWF ) Tj ET Q q 0 0 0 rg BT 85.81 596.00 Td (Directive\). ) Tj ET Q q 0 0 0 rg BT 125.15 596.00 Td (The ) Tj ET Q q 0 0 0 rg BT 138.74 596.00 Td (A) Tj ET Q q 0 0 0 rg BT 143.48 596.00 Td (VMS ) Tj ET Q q 0 0 0 rg BT 162.29 596.00 Td (Directive ) Tj ET Q q 0 0 0 rg BT 193.52 596.00 Td (extends ) Tj ET Q q 0 0 0 rg BT 219.43 596.00 Td (the ) Tj ET Q q 0 0 0 rg BT 230.67 596.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 247.69 596.00 Td (framework ) Tj ET Q q 0 0 0 rg BT 284.25 596.00 Td (from ) Tj ET Q q 0 0 0 rg BT 301.28 596.00 Td (television ) Tj ET Q q 0 0 0 rg BT 333.85 596.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 376.20 596.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 406.10 596.00 Td (by ) Tj ET Q q 0 0 0 rg BT 415.57 596.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.71 596.00 Td (TWF ) Tj ET Q q 0 0 0 rg BT 445.07 596.00 Td (Directive ) Tj ET Q q 0 0 0 rg BT 476.30 596.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.99 596.00 Td (media ) Tj ET Q q 0 0 0 rg BT 505.01 596.00 Td (services ) Tj ET Q q 0 0 0 rg BT 532.24 596.00 Td (generally ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 586.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.93 586.40 Td (the ) Tj ET Q q 0 0 0 rg BT 71.41 586.40 Td (EU. ) Tj ET Q q 0 0 0 rg BT 86.59 586.40 Td (The ) Tj ET Q q 0 0 0 rg BT 101.14 586.40 Td (A) Tj ET Q q 0 0 0 rg BT 105.89 586.40 Td (VMS ) Tj ET Q q 0 0 0 rg BT 125.94 586.40 Td (Directive ) Tj ET Q q 0 0 0 rg BT 158.41 586.40 Td (covers ) Tj ET Q q 0 0 0 rg BT 181.99 586.40 Td (both ) Tj ET Q q 0 0 0 rg BT 198.93 586.40 Td (linear ) Tj ET Q q 0 0 0 rg BT 219.85 586.40 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 236.99 586.40 Td (broadcasting\) ) Tj ET Q q 0 0 0 rg BT 283.24 586.40 Td (and ) Tj ET Q q 0 0 0 rg BT 297.50 586.40 Td (non-linear ) Tj ET Q q 0 0 0 rg BT 333.08 586.40 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 352.01 586.40 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 411.14 586.40 Td (and ) Tj ET Q q 0 0 0 rg BT 425.40 586.40 Td (mobile ) Tj ET Q q 0 0 0 rg BT 450.33 586.40 Td (television\) ) Tj ET Q q 0 0 0 rg BT 486.81 586.40 Td (transmissions ) Tj ET Q q 0 0 0 rg BT 533.08 586.40 Td (of ) Tj ET Q q 0 0 0 rg BT 542.45 586.40 Td (media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 576.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 79.04 576.80 Td (with ) Tj ET Q q 0 0 0 rg BT 94.53 576.80 Td (the ) Tj ET Q q 0 0 0 rg BT 105.57 576.80 Td (latter ) Tj ET Q q 0 0 0 rg BT 123.27 576.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.20 576.80 Td (to ) Tj ET Q q 0 0 0 rg BT 154.70 576.80 Td (less ) Tj ET Q q 0 0 0 rg BT 167.96 576.80 Td (stringent ) Tj ET Q q 0 0 0 rg BT 197.23 576.80 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 232.65 576.80 Td (Among ) Tj ET Q q 0 0 0 rg BT 257.92 576.80 Td (other ) Tj ET Q q 0 0 0 rg BT 275.63 576.80 Td (things, ) Tj ET Q q 0 0 0 rg BT 298.46 576.80 Td (the ) Tj ET Q q 0 0 0 rg BT 309.22 576.80 Td (A) Tj ET Q q 0 0 0 rg BT 313.97 576.80 Td (VMS ) Tj ET Q q 0 0 0 rg BT 332.58 576.80 Td (Directive ) Tj ET Q q 0 0 0 rg BT 363.61 576.80 Td (preserves ) Tj ET Q q 0 0 0 rg BT 395.08 576.80 Td (the ) Tj ET Q q 0 0 0 rg BT 406.13 576.80 Td (requirement ) Tj ET Q q 0 0 0 rg BT 446.04 576.80 Td (that ) Tj ET Q q 0 0 0 rg BT 459.31 576.80 Td (broadcasters, ) Tj ET Q q 0 0 0 rg BT 502.56 576.80 Td (where ) Tj ET Q q 0 0 0 rg BT 523.37 576.80 Td (practicable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 567.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.51 567.20 Td (by ) Tj ET Q q 0 0 0 rg BT 73.48 567.20 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 111.87 567.20 Td (means, ) Tj ET Q q 0 0 0 rg BT 139.82 567.20 Td (reserve ) Tj ET Q q 0 0 0 rg BT 164.87 567.20 Td (a ) Tj ET Q q 0 0 0 rg BT 170.39 567.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 199.46 567.20 Td (of ) Tj ET Q q 0 0 0 rg BT 208.08 567.20 Td (their ) Tj ET Q q 0 0 0 rg BT 224.71 567.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 257.32 567.20 Td (time ) Tj ET Q q 0 0 0 rg BT 273.50 567.20 Td (for ) Tj ET Q q 0 0 0 rg BT 284.79 567.20 Td (European ) Tj ET Q q 0 0 0 rg BT 320.96 567.20 Td (works. ) Tj ET Q q 0 0 0 rg BT 348.03 567.20 Td (Such ) Tj ET Q q 0 0 0 rg BT 365.99 567.20 Td (works ) Tj ET Q q 0 0 0 rg BT 387.51 567.20 Td (are ) Tj ET Q q 0 0 0 rg BT 399.24 567.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 425.19 567.20 Td (as ) Tj ET Q q 0 0 0 rg BT 433.81 567.20 Td (originating ) Tj ET Q q 0 0 0 rg BT 470.88 567.20 Td (from ) Tj ET Q q 0 0 0 rg BT 488.40 567.20 Td (an ) Tj ET Q q 0 0 0 rg BT 497.91 567.20 Td (EU ) Tj ET Q q 0 0 0 rg BT 510.54 567.20 Td (member ) Tj ET Q q 0 0 0 rg BT 538.71 567.20 Td (state ) Tj ET Q q 0 0 0 rg BT 555.33 567.20 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 557.60 Td (a ) Tj ET Q q 0 0 0 rg BT 55.46 557.60 Td (signatory ) Tj ET Q q 0 0 0 rg BT 87.14 557.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.27 557.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.95 557.60 Td (Council ) Tj ET Q q 0 0 0 rg BT 134.18 557.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.75 557.60 Td (Europe's ) Tj ET Q q 0 0 0 rg BT 172.32 557.60 Td (Convention ) Tj ET Q q 0 0 0 rg BT 211.55 557.60 Td (on ) Tj ET Q q 0 0 0 rg BT 221.32 557.60 Td (T) Tj ET Q q 0 0 0 rg BT 225.93 557.60 Td (ransfrontier ) Tj ET Q q 0 0 0 rg BT 265.01 557.60 Td (T) Tj ET Q q 0 0 0 rg BT 269.34 557.60 Td (elevision ) Tj ET Q q 0 0 0 rg BT 300.13 557.60 Td (as ) Tj ET Q q 0 0 0 rg BT 308.70 557.60 Td (well ) Tj ET Q q 0 0 0 rg BT 324.38 557.60 Td (as ) Tj ET Q q 0 0 0 rg BT 332.95 557.60 Td (being ) Tj ET Q q 0 0 0 rg BT 352.63 557.60 Td (written ) Tj ET Q q 0 0 0 rg BT 377.20 557.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.65 557.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 422.33 557.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 446.45 557.60 Td (by ) Tj ET Q q 0 0 0 rg BT 456.36 557.60 Td (residents ) Tj ET Q q 0 0 0 rg BT 486.70 557.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.27 557.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.95 557.60 Td (EU ) Tj ET Q q 0 0 0 rg BT 519.52 557.60 Td (or ) Tj ET Q q 0 0 0 rg BT 528.09 557.60 Td (Council ) Tj ET Q q 0 0 0 rg BT 555.33 557.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 548.00 Td (Europe ) Tj ET Q q 0 0 0 rg BT 75.77 548.00 Td (member ) Tj ET Q q 0 0 0 rg BT 104.64 548.00 Td (states ) Tj ET Q q 0 0 0 rg BT 125.08 548.00 Td (or ) Tj ET Q q 0 0 0 rg BT 134.41 548.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 164.63 548.00 Td (to ) Tj ET Q q 0 0 0 rg BT 173.52 548.00 Td (co-production ) Tj ET Q q 0 0 0 rg BT 221.06 548.00 Td (agreements ) Tj ET Q q 0 0 0 rg BT 260.15 548.00 Td (between ) Tj ET Q q 0 0 0 rg BT 289.47 548.00 Td (such ) Tj ET Q q 0 0 0 rg BT 306.80 548.00 Td (states ) Tj ET Q q 0 0 0 rg BT 327.24 548.00 Td (and ) Tj ET Q q 0 0 0 rg BT 341.46 548.00 Td (other ) Tj ET Q q 0 0 0 rg BT 360.56 548.00 Td (countries. ) Tj ET Q q 0 0 0 rg BT 394.55 548.00 Td (In ) Tj ET Q q 0 0 0 rg BT 403.88 548.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 434.77 548.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.62 548.00 Td (A) Tj ET Q q 0 0 0 rg BT 451.36 548.00 Td (VMS ) Tj ET Q q 0 0 0 rg BT 471.37 548.00 Td (Directive ) Tj ET Q q 0 0 0 rg BT 503.80 548.00 Td (also ) Tj ET Q q 0 0 0 rg BT 519.35 548.00 Td (preserves ) Tj ET Q q 0 0 0 rg BT 552.22 548.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 538.40 Td (requirement ) Tj ET Q q 0 0 0 rg BT 91.05 538.40 Td (that ) Tj ET Q q 0 0 0 rg BT 105.45 538.40 Td (at ) Tj ET Q q 0 0 0 rg BT 113.63 538.40 Td (least ) Tj ET Q q 0 0 0 rg BT 130.69 538.40 Td (10% ) Tj ET Q q 0 0 0 rg BT 147.76 538.40 Td (of ) Tj ET Q q 0 0 0 rg BT 156.83 538.40 Td (either ) Tj ET Q q 0 0 0 rg BT 177.44 538.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 210.50 538.40 Td (time ) Tj ET Q q 0 0 0 rg BT 227.12 538.40 Td (or ) Tj ET Q q 0 0 0 rg BT 236.19 538.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 282.14 538.40 Td (budget ) Tj ET Q q 0 0 0 rg BT 306.31 538.40 Td (is ) Tj ET Q q 0 0 0 rg BT 314.05 538.40 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 347.10 538.40 Td (to ) Tj ET Q q 0 0 0 rg BT 355.73 538.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 388.35 538.40 Td (made ) Tj ET Q q 0 0 0 rg BT 408.08 538.40 Td (by ) Tj ET Q q 0 0 0 rg BT 418.48 538.40 Td (European ) Tj ET Q q 0 0 0 rg BT 451.53 538.40 Td (producers ) Tj ET Q q 0 0 0 rg BT 485.48 538.40 Td (who ) Tj ET Q q 0 0 0 rg BT 501.66 538.40 Td (are ) Tj ET Q q 0 0 0 rg BT 513.83 538.40 Td (independent ) Tj ET Q q 0 0 0 rg BT 555.33 538.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 528.80 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 94.36 528.80 Td (News, ) Tj ET Q q 0 0 0 rg BT 116.97 528.80 Td (sports, ) Tj ET Q q 0 0 0 rg BT 140.46 528.80 Td (games, ) Tj ET Q q 0 0 0 rg BT 165.29 528.80 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 205.22 528.80 Td (teletext ) Tj ET Q q 0 0 0 rg BT 231.14 528.80 Td (services ) Tj ET Q q 0 0 0 rg BT 259.29 528.80 Td (and ) Tj ET Q q 0 0 0 rg BT 273.23 528.80 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 316.49 528.80 Td (are ) Tj ET Q q 0 0 0 rg BT 328.64 528.80 Td (excluded ) Tj ET Q q 0 0 0 rg BT 359.90 528.80 Td (from ) Tj ET Q q 0 0 0 rg BT 377.84 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 389.99 528.80 Td (calculation ) Tj ET Q q 0 0 0 rg BT 427.47 528.80 Td (of ) Tj ET Q q 0 0 0 rg BT 436.52 528.80 Td (these ) Tj ET Q q 0 0 0 rg BT 455.34 528.80 Td (quotas. ) Tj ET Q q 0 0 0 rg BT 480.44 528.80 Td (The ) Tj ET Q q 0 0 0 rg BT 494.73 528.80 Td (A) Tj ET Q q 0 0 0 rg BT 499.48 528.80 Td (VMS ) Tj ET Q q 0 0 0 rg BT 519.20 528.80 Td (Directive ) Tj ET Q q 0 0 0 rg BT 551.35 528.80 Td (has ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 519.20 Td (relaxed ) Tj ET Q q 0 0 0 rg BT 75.30 519.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 112.62 519.20 Td (in ) Tj ET Q q 0 0 0 rg BT 120.61 519.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 145.02 519.20 Td (of ) Tj ET Q q 0 0 0 rg BT 153.45 519.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 190.77 519.20 Td (shown ) Tj ET Q q 0 0 0 rg BT 213.42 519.20 Td (in ) Tj ET Q q 0 0 0 rg BT 221.41 519.20 Td (linear ) Tj ET Q q 0 0 0 rg BT 241.39 519.20 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 276.92 519.20 Td (and ) Tj ET Q q 0 0 0 rg BT 290.23 519.20 Td (has ) Tj ET Q q 0 0 0 rg BT 302.66 519.20 Td (extended ) Tj ET Q q 0 0 0 rg BT 333.30 519.20 Td (some ) Tj ET Q q 0 0 0 rg BT 351.96 519.20 Td (of ) Tj ET Q q 0 0 0 rg BT 360.39 519.20 Td (those ) Tj ET Q q 0 0 0 rg BT 379.04 519.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 396.36 519.20 Td (to ) Tj ET Q q 0 0 0 rg BT 404.34 519.20 Td (non-linear ) Tj ET Q q 0 0 0 rg BT 438.98 519.20 Td (broadcasts. ) Tj ET Q q 0 0 0 rg BT 476.52 519.20 Td (In ) Tj ET Q q 0 0 0 rg BT 484.95 519.20 Td (general, ) Tj ET Q q 0 0 0 rg BT 512.25 519.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 529.57 519.20 Td (restricting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 509.60 Td (when ) Tj ET Q q 0 0 0 rg BT 69.19 509.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 114.60 509.60 Td (can ) Tj ET Q q 0 0 0 rg BT 127.56 509.60 Td (be ) Tj ET Q q 0 0 0 rg BT 136.97 509.60 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 173.93 509.60 Td (by ) Tj ET Q q 0 0 0 rg BT 183.79 509.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 221.20 509.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.29 509.60 Td (linear ) Tj ET Q q 0 0 0 rg BT 249.36 509.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 292.09 509.60 Td (have ) Tj ET Q q 0 0 0 rg BT 309.06 509.60 Td (been ) Tj ET Q q 0 0 0 rg BT 326.02 509.60 Td (abolished ) Tj ET Q q 0 0 0 rg BT 358.54 509.60 Td (except ) Tj ET Q q 0 0 0 rg BT 381.28 509.60 Td (in ) Tj ET Q q 0 0 0 rg BT 389.36 509.60 Td (the ) Tj ET Q q 0 0 0 rg BT 401.00 509.60 Td (case ) Tj ET Q q 0 0 0 rg BT 416.62 509.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.15 509.60 Td (movies, ) Tj ET Q q 0 0 0 rg BT 452.12 509.60 Td (news ) Tj ET Q q 0 0 0 rg BT 470.42 509.60 Td (and ) Tj ET Q q 0 0 0 rg BT 483.83 509.60 Td (children's ) Tj ET Q q 0 0 0 rg BT 516.46 509.60 Td (programming, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 500.00 Td (where ) Tj ET Q q 0 0 0 rg BT 71.92 500.00 Td (programming ) Tj ET Q q 0 0 0 rg BT 117.84 500.00 Td (can ) Tj ET Q q 0 0 0 rg BT 131.31 500.00 Td (be ) Tj ET Q q 0 0 0 rg BT 141.24 500.00 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 178.71 500.00 Td (once ) Tj ET Q q 0 0 0 rg BT 196.19 500.00 Td (every ) Tj ET Q q 0 0 0 rg BT 216.33 500.00 Td (thirty ) Tj ET Q q 0 0 0 rg BT 236.03 500.00 Td (minutes ) Tj ET Q q 0 0 0 rg BT 263.74 500.00 Td (or ) Tj ET Q q 0 0 0 rg BT 272.78 500.00 Td (more. ) Tj ET Q q 0 0 0 rg BT 293.59 500.00 Td (In ) Tj ET Q q 0 0 0 rg BT 302.63 500.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 333.22 500.00 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 375.57 500.00 Td (may ) Tj ET Q q 0 0 0 rg BT 391.72 500.00 Td (use ) Tj ET Q q 0 0 0 rg BT 404.76 500.00 Td (product ) Tj ET Q q 0 0 0 rg BT 431.57 500.00 Td (placement ) Tj ET Q q 0 0 0 rg BT 466.81 500.00 Td (in ) Tj ET Q q 0 0 0 rg BT 475.41 500.00 Td (most ) Tj ET Q q 0 0 0 rg BT 493.34 500.00 Td (genres, ) Tj ET Q q 0 0 0 rg BT 518.60 500.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 543.63 500.00 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 500.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 490.40 Td (identification ) Tj ET Q q 0 0 0 rg BT 94.65 490.40 Td (of ) Tj ET Q q 0 0 0 rg BT 103.32 490.40 Td (such ) Tj ET Q q 0 0 0 rg BT 119.98 490.40 Td (practices ) Tj ET Q q 0 0 0 rg BT 150.41 490.40 Td (and ) Tj ET Q q 0 0 0 rg BT 163.96 490.40 Td (limitations ) Tj ET Q q 0 0 0 rg BT 200.18 490.40 Td (on ) Tj ET Q q 0 0 0 rg BT 210.18 490.40 Td (prominence.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 474.80 Td (Member ) Tj ET Q q 0 0 0 rg BT 79.28 474.80 Td (states ) Tj ET Q q 0 0 0 rg BT 99.24 474.80 Td (were ) Tj ET Q q 0 0 0 rg BT 116.96 474.80 Td (required ) Tj ET Q q 0 0 0 rg BT 145.79 474.80 Td (to ) Tj ET Q q 0 0 0 rg BT 154.20 474.80 Td (implement ) Tj ET Q q 0 0 0 rg BT 190.59 474.80 Td (the ) Tj ET Q q 0 0 0 rg BT 202.06 474.80 Td (A) Tj ET Q q 0 0 0 rg BT 206.81 474.80 Td (VMS ) Tj ET Q q 0 0 0 rg BT 226.33 474.80 Td (Directive ) Tj ET Q q 0 0 0 rg BT 258.27 474.80 Td (by ) Tj ET Q q 0 0 0 rg BT 268.45 474.80 Td (December ) Tj ET Q q 0 0 0 rg BT 303.50 474.80 Td (19, ) Tj ET Q q 0 0 0 rg BT 315.68 474.80 Td (2009, ) Tj ET Q q 0 0 0 rg BT 335.86 474.80 Td (and ) Tj ET Q q 0 0 0 rg BT 349.59 474.80 Td (of ) Tj ET Q q 0 0 0 rg BT 358.44 474.80 Td (the ) Tj ET Q q 0 0 0 rg BT 370.39 474.80 Td (countries ) Tj ET Q q 0 0 0 rg BT 401.90 474.80 Td (in ) Tj ET Q q 0 0 0 rg BT 410.30 474.80 Td (which ) Tj ET Q q 0 0 0 rg BT 432.03 474.80 Td (we ) Tj ET Q q 0 0 0 rg BT 443.54 474.80 Td (operate ) Tj ET Q q 0 0 0 rg BT 469.26 474.80 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 502.33 474.80 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 530.05 474.80 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 474.80 Td (Czech ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 465.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 80.89 465.20 Td (and ) Tj ET Q q 0 0 0 rg BT 94.45 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 106.22 465.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 130.45 465.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 161.34 465.20 Td (have ) Tj ET Q q 0 0 0 rg BT 178.45 465.20 Td (notified ) Tj ET Q q 0 0 0 rg BT 205.34 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 217.12 465.20 Td (European ) Tj ET Q q 0 0 0 rg BT 249.78 465.20 Td (Commission ) Tj ET Q q 0 0 0 rg BT 292.23 465.20 Td (that ) Tj ET Q q 0 0 0 rg BT 306.24 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 318.02 465.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 355.57 465.20 Td (have ) Tj ET Q q 0 0 0 rg BT 372.68 465.20 Td (been ) Tj ET Q q 0 0 0 rg BT 389.78 465.20 Td (put ) Tj ET Q q 0 0 0 rg BT 402.01 465.20 Td (in ) Tj ET Q q 0 0 0 rg BT 410.24 465.20 Td (place. ) Tj ET Q q 0 0 0 rg BT 431.12 465.20 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 469.12 465.20 Td (has ) Tj ET Q q 0 0 0 rg BT 481.79 465.20 Td (been ) Tj ET Q q 0 0 0 rg BT 498.90 465.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 526.23 465.20 Td (in ) Tj ET Q q 0 0 0 rg BT 534.46 465.20 Td (Bulgaria ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 455.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.66 455.60 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 93.77 455.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.10 455.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 138.43 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.85 455.60 Td (A) Tj ET Q q 0 0 0 rg BT 154.59 455.60 Td (VMS ) Tj ET Q q 0 0 0 rg BT 174.05 455.60 Td (Directive. ) Tj ET Q q 0 0 0 rg BT 207.92 455.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 230.02 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.44 455.60 Td (A) Tj ET Q q 0 0 0 rg BT 246.19 455.60 Td (VMS ) Tj ET Q q 0 0 0 rg BT 265.64 455.60 Td (Directive, ) Tj ET Q q 0 0 0 rg BT 299.51 455.60 Td (member ) Tj ET Q q 0 0 0 rg BT 327.83 455.60 Td (states ) Tj ET Q q 0 0 0 rg BT 347.72 455.60 Td (are ) Tj ET Q q 0 0 0 rg BT 359.60 455.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 392.36 455.60 Td (to ) Tj ET Q q 0 0 0 rg BT 400.70 455.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 420.58 455.60 Td (stricter ) Tj ET Q q 0 0 0 rg BT 444.90 455.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 480.35 455.60 Td (than ) Tj ET Q q 0 0 0 rg BT 496.23 455.60 Td (those ) Tj ET Q q 0 0 0 rg BT 515.23 455.60 Td (set ) Tj ET Q q 0 0 0 rg BT 526.23 455.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 543.89 455.60 Td (in ) Tj ET Q q 0 0 0 rg BT 552.22 455.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 446.00 Td (A) Tj ET Q q 0 0 0 rg BT 54.75 446.00 Td (VMS ) Tj ET Q q 0 0 0 rg BT 74.09 446.00 Td (Directive. ) Tj ET Q q 0 0 0 rg BT 107.70 446.00 Td (The ) Tj ET Q q 0 0 0 rg BT 122.14 446.00 Td (legislation ) Tj ET Q q 0 0 0 rg BT 157.47 446.00 Td (enacted ) Tj ET Q q 0 0 0 rg BT 183.89 446.00 Td (in ) Tj ET Q q 0 0 0 rg BT 192.12 446.00 Td (our ) Tj ET Q q 0 0 0 rg BT 204.78 446.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 236.99 446.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 268.32 446.00 Td (is ) Tj ET Q q 0 0 0 rg BT 275.65 446.00 Td (consistent ) Tj ET Q q 0 0 0 rg BT 309.65 446.00 Td (with ) Tj ET Q q 0 0 0 rg BT 325.87 446.00 Td (the ) Tj ET Q q 0 0 0 rg BT 337.64 446.00 Td (EU ) Tj ET Q q 0 0 0 rg BT 350.31 446.00 Td (rules.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 430.40 Td (Please ) Tj ET Q q 0 0 0 rg BT 72.44 430.40 Td (see ) Tj ET Q q 0 0 0 rg BT 84.65 430.40 Td (below ) Tj ET Q q 0 0 0 rg BT 106.20 430.40 Td (for ) Tj ET Q q 0 0 0 rg BT 117.53 430.40 Td (more ) Tj ET Q q 0 0 0 rg BT 135.97 430.40 Td (detailed ) Tj ET Q q 0 0 0 rg BT 163.29 430.40 Td (information ) Tj ET Q q 0 0 0 rg BT 203.06 430.40 Td (on ) Tj ET Q q 0 0 0 rg BT 213.06 430.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 258.61 430.40 Td (and ) Tj ET Q q 0 0 0 rg BT 272.16 430.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 309.70 430.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 347.25 430.40 Td (that ) Tj ET Q q 0 0 0 rg BT 361.25 430.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.02 430.40 Td (our ) Tj ET Q q 0 0 0 rg BT 397.68 430.40 Td (channels.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 413.73359375 m 77.546875 413.73359375 l s q 0 0 0 rg BT 50.00 414.80 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.55 414.80 Td (: ) Tj ET Q q 0 0 0 rg BT 81.81 414.80 Td (In ) Tj ET Q q 0 0 0 rg BT 90.52 414.80 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 122.11 414.80 Td (privately ) Tj ET Q q 0 0 0 rg BT 152.59 414.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 175.96 414.80 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 217.98 414.80 Td (are ) Tj ET Q q 0 0 0 rg BT 229.79 414.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 262.49 414.80 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 414.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 303.45 414.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 341.04 414.80 Td (for ) Tj ET Q q 0 0 0 rg BT 352.41 414.80 Td (up ) Tj ET Q q 0 0 0 rg BT 362.45 414.80 Td (to ) Tj ET Q q 0 0 0 rg BT 370.72 414.80 Td (12 ) Tj ET Q q 0 0 0 rg BT 380.76 414.80 Td (minutes ) Tj ET Q q 0 0 0 rg BT 408.14 414.80 Td (per ) Tj ET Q q 0 0 0 rg BT 420.39 414.80 Td (hour) Tj ET Q q 0 0 0 rg BT 434.62 414.80 Td (. ) Tj ET Q q 0 0 0 rg BT 438.51 414.80 Td (The ) Tj ET Q q 0 0 0 rg BT 452.99 414.80 Td (public ) Tj ET Q q 0 0 0 rg BT 475.03 414.80 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 511.58 414.80 Td (, ) Tj ET Q q 0 0 0 rg BT 515.62 414.80 Td (BNT) Tj ET Q q 0 0 0 rg BT 531.03 414.80 Td (, ) Tj ET Q q 0 0 0 rg BT 535.07 414.80 Td (which ) Tj ET Q q 0 0 0 rg BT 556.67 414.80 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 405.20 Td (financed ) Tj ET Q q 0 0 0 rg BT 79.40 405.20 Td (through ) Tj ET Q q 0 0 0 rg BT 106.15 405.20 Td (a ) Tj ET Q q 0 0 0 rg BT 111.57 405.20 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 151.21 405.20 Td (television ) Tj ET Q q 0 0 0 rg BT 184.18 405.20 Td (license ) Tj ET Q q 0 0 0 rg BT 208.25 405.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 219.88 405.20 Td (and ) Tj ET Q q 0 0 0 rg BT 233.30 405.20 Td (by ) Tj ET Q q 0 0 0 rg BT 243.16 405.20 Td (the ) Tj ET Q q 0 0 0 rg BT 254.80 405.20 Td (government, ) Tj ET Q q 0 0 0 rg BT 296.87 405.20 Td (is ) Tj ET Q q 0 0 0 rg BT 304.07 405.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 335.70 405.20 Td (to ) Tj ET Q q 0 0 0 rg BT 343.79 405.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 386.53 405.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 423.94 405.20 Td (for ) Tj ET Q q 0 0 0 rg BT 435.13 405.20 Td (4 ) Tj ET Q q 0 0 0 rg BT 440.99 405.20 Td (minutes ) Tj ET Q q 0 0 0 rg BT 468.19 405.20 Td (per ) Tj ET Q q 0 0 0 rg BT 480.27 405.20 Td (hour ) Tj ET Q q 0 0 0 rg BT 496.80 405.20 Td (and ) Tj ET Q q 0 0 0 rg BT 510.21 405.20 Td (no ) Tj ET Q q 0 0 0 rg BT 520.08 405.20 Td (more ) Tj ET Q q 0 0 0 rg BT 538.38 405.20 Td (than ) Tj ET Q q 0 0 0 rg BT 554.02 405.20 Td (15 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 395.60 Td (minutes ) Tj ET Q q 0 0 0 rg BT 77.80 395.60 Td (per ) Tj ET Q q 0 0 0 rg BT 90.48 395.60 Td (day) Tj ET Q q 0 0 0 rg BT 101.52 395.60 Td (, ) Tj ET Q q 0 0 0 rg BT 105.98 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.12 395.60 Td (which ) Tj ET Q q 0 0 0 rg BT 137.14 395.60 Td (only ) Tj ET Q q 0 0 0 rg BT 153.83 395.60 Td (five ) Tj ET Q q 0 0 0 rg BT 168.73 395.60 Td (minutes ) Tj ET Q q 0 0 0 rg BT 196.54 395.60 Td (may ) Tj ET Q q 0 0 0 rg BT 212.78 395.60 Td (be ) Tj ET Q q 0 0 0 rg BT 222.80 395.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.49 395.60 Td (prime ) Tj ET Q q 0 0 0 rg BT 252.62 395.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 271.13 395.60 Td (There ) Tj ET Q q 0 0 0 rg BT 292.25 395.60 Td (are ) Tj ET Q q 0 0 0 rg BT 304.48 395.60 Td (also ) Tj ET Q q 0 0 0 rg BT 319.84 395.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 357.85 395.60 Td (on ) Tj ET Q q 0 0 0 rg BT 368.32 395.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.56 395.60 Td (frequency ) Tj ET Q q 0 0 0 rg BT 415.01 395.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.15 395.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 462.16 395.60 Td (breaks ) Tj ET Q q 0 0 0 rg BT 485.51 395.60 Td (\(for ) Tj ET Q q 0 0 0 rg BT 499.97 395.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 531.54 395.60 Td (news ) Tj ET Q q 0 0 0 rg BT 550.45 395.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 386.00 Td (children's ) Tj ET Q q 0 0 0 rg BT 82.35 386.00 Td (programs ) Tj ET Q q 0 0 0 rg BT 114.15 386.00 Td (shorter ) Tj ET Q q 0 0 0 rg BT 137.95 386.00 Td (than ) Tj ET Q q 0 0 0 rg BT 153.31 386.00 Td (30 ) Tj ET Q q 0 0 0 rg BT 162.89 386.00 Td (minutes ) Tj ET Q q 0 0 0 rg BT 189.81 386.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 212.72 386.00 Td (be ) Tj ET Q q 0 0 0 rg BT 221.86 386.00 Td (interrupted\). ) Tj ET Q q 0 0 0 rg BT 263.09 386.00 Td (These ) Tj ET Q q 0 0 0 rg BT 283.77 386.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 320.91 386.00 Td (apply ) Tj ET Q q 0 0 0 rg BT 340.26 386.00 Td (to ) Tj ET Q q 0 0 0 rg BT 348.07 386.00 Td (both ) Tj ET Q q 0 0 0 rg BT 363.88 386.00 Td (publicly ) Tj ET Q q 0 0 0 rg BT 391.68 386.00 Td (and ) Tj ET Q q 0 0 0 rg BT 404.82 386.00 Td (privately ) Tj ET Q q 0 0 0 rg BT 434.84 386.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 457.75 386.00 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 501.32 386.00 Td (Further ) Tj ET Q q 0 0 0 rg BT 526.45 386.00 Td (restrictions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 376.40 Td (relate ) Tj ET Q q 0 0 0 rg BT 70.44 376.40 Td (to ) Tj ET Q q 0 0 0 rg BT 79.33 376.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 117.55 376.40 Td (content, ) Tj ET Q q 0 0 0 rg BT 145.77 376.40 Td (including ) Tj ET Q q 0 0 0 rg BT 178.67 376.40 Td (a ) Tj ET Q q 0 0 0 rg BT 184.89 376.40 Td (ban ) Tj ET Q q 0 0 0 rg BT 199.12 376.40 Td (on ) Tj ET Q q 0 0 0 rg BT 209.79 376.40 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 237.34 376.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 275.56 376.40 Td (and ) Tj ET Q q 0 0 0 rg BT 289.78 376.40 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 328.00 376.40 Td (on ) Tj ET Q q 0 0 0 rg BT 338.68 376.40 Td (alcohol ) Tj ET Q q 0 0 0 rg BT 364.90 376.40 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 405.12 376.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 443.34 376.40 Td (on ) Tj ET Q q 0 0 0 rg BT 454.01 376.40 Td (medical ) Tj ET Q q 0 0 0 rg BT 482.01 376.40 Td (products ) Tj ET Q q 0 0 0 rg BT 512.23 376.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 550.45 376.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 366.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 87.95 366.80 Td (on ) Tj ET Q q 0 0 0 rg BT 98.35 366.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 136.29 366.80 Td (tar) Tj ET Q q 0 0 0 rg BT 144.59 366.80 Td (geted ) Tj ET Q q 0 0 0 rg BT 164.31 366.80 Td (at ) Tj ET Q q 0 0 0 rg BT 172.49 366.80 Td (children ) Tj ET Q q 0 0 0 rg BT 201.10 366.80 Td (or ) Tj ET Q q 0 0 0 rg BT 210.16 366.80 Td (during ) Tj ET Q q 0 0 0 rg BT 233.45 366.80 Td (children's ) Tj ET Q q 0 0 0 rg BT 266.62 366.80 Td (programming. ) Tj ET Q q 0 0 0 rg BT 314.56 366.80 Td (In ) Tj ET Q q 0 0 0 rg BT 323.63 366.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 354.25 366.80 Td (members ) Tj ET Q q 0 0 0 rg BT 385.97 366.80 Td (of ) Tj ET Q q 0 0 0 rg BT 395.04 366.80 Td (the ) Tj ET Q q 0 0 0 rg BT 407.21 366.80 Td (news ) Tj ET Q q 0 0 0 rg BT 426.05 366.80 Td (department ) Tj ET Q q 0 0 0 rg BT 464.44 366.80 Td (of ) Tj ET Q q 0 0 0 rg BT 473.50 366.80 Td (our ) Tj ET Q q 0 0 0 rg BT 486.56 366.80 Td (channels ) Tj ET Q q 0 0 0 rg BT 516.95 366.80 Td (are ) Tj ET Q q 0 0 0 rg BT 529.12 366.80 Td (prohibited ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 357.20 Td (from ) Tj ET Q q 0 0 0 rg BT 67.42 357.20 Td (appearing ) Tj ET Q q 0 0 0 rg BT 100.83 357.20 Td (in ) Tj ET Q q 0 0 0 rg BT 108.92 357.20 Td (advertisements. ) Tj ET Q q 0 0 0 rg BT 160.77 357.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 175.08 357.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 204.94 357.20 Td (in ) Tj ET Q q 0 0 0 rg BT 213.03 357.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 242.45 357.20 Td (are ) Tj ET Q q 0 0 0 rg BT 254.08 357.20 Td (required ) Tj ET Q q 0 0 0 rg BT 282.61 357.20 Td (to ) Tj ET Q q 0 0 0 rg BT 290.70 357.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 316.56 357.20 Td (with ) Tj ET Q q 0 0 0 rg BT 332.65 357.20 Td (several ) Tj ET Q q 0 0 0 rg BT 357.18 357.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 394.59 357.20 Td (on ) Tj ET Q q 0 0 0 rg BT 404.46 357.20 Td (programming, ) Tj ET Q q 0 0 0 rg BT 451.88 357.20 Td (including ) Tj ET Q q 0 0 0 rg BT 483.96 357.20 Td (regulations ) Tj ET Q q 0 0 0 rg BT 521.38 357.20 Td (on ) Tj ET Q q 0 0 0 rg BT 531.25 357.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.89 357.20 Td (origin ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.56 347.60 Td (programming. ) Tj ET Q q 0 0 0 rg BT 105.87 347.60 Td (These ) Tj ET Q q 0 0 0 rg BT 126.86 347.60 Td (channels ) Tj ET Q q 0 0 0 rg BT 156.75 347.60 Td (must ) Tj ET Q q 0 0 0 rg BT 174.20 347.60 Td (ensure ) Tj ET Q q 0 0 0 rg BT 196.98 347.60 Td (that ) Tj ET Q q 0 0 0 rg BT 210.87 347.60 Td (50.0% ) Tj ET Q q 0 0 0 rg BT 233.43 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.99 347.60 Td (a ) Tj ET Q q 0 0 0 rg BT 247.44 347.60 Td (channel's ) Tj ET Q q 0 0 0 rg BT 278.77 347.60 Td (total ) Tj ET Q q 0 0 0 rg BT 294.88 347.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 318.10 347.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 350.65 347.60 Td (time ) Tj ET Q q 0 0 0 rg BT 366.77 347.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 394.00 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.56 347.60 Td (EU- ) Tj ET Q q 0 0 0 rg BT 417.78 347.60 Td (or ) Tj ET Q q 0 0 0 rg BT 426.35 347.60 Td (locally-produced ) Tj ET Q q 0 0 0 rg BT 482.44 347.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 527.88 347.60 Td (and ) Tj ET Q q 0 0 0 rg BT 541.33 347.60 Td (12.0% ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (of ) Tj ET Q q 0 0 0 rg BT 59.38 338.00 Td (such ) Tj ET Q q 0 0 0 rg BT 76.75 338.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 110.12 338.00 Td (time ) Tj ET Q q 0 0 0 rg BT 127.05 338.00 Td (consists ) Tj ET Q q 0 0 0 rg BT 155.10 338.00 Td (of ) Tj ET Q q 0 0 0 rg BT 164.48 338.00 Td (programming ) Tj ET Q q 0 0 0 rg BT 210.74 338.00 Td (produced ) Tj ET Q q 0 0 0 rg BT 243.21 338.00 Td (by ) Tj ET Q q 0 0 0 rg BT 253.93 338.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 295.74 338.00 Td (producers ) Tj ET Q q 0 0 0 rg BT 329.99 338.00 Td (in ) Tj ET Q q 0 0 0 rg BT 338.93 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 351.42 338.00 Td (EU. ) Tj ET Q q 0 0 0 rg BT 366.79 338.00 Td (News, ) Tj ET Q q 0 0 0 rg BT 389.72 338.00 Td (sports, ) Tj ET Q q 0 0 0 rg BT 413.55 338.00 Td (games ) Tj ET Q q 0 0 0 rg BT 436.70 338.00 Td (and ) Tj ET Q q 0 0 0 rg BT 450.96 338.00 Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 494.56 338.00 Td (programs, ) Tj ET Q q 0 0 0 rg BT 529.49 338.00 Td (as ) Tj ET Q q 0 0 0 rg BT 538.87 338.00 Td (well ) Tj ET Q q 0 0 0 rg BT 555.35 338.00 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 328.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.55 328.40 Td (and ) Tj ET Q q 0 0 0 rg BT 101.10 328.40 Td (teletext ) Tj ET Q q 0 0 0 rg BT 126.64 328.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 156.41 328.40 Td (are ) Tj ET Q q 0 0 0 rg BT 168.17 328.40 Td (excluded ) Tj ET Q q 0 0 0 rg BT 199.05 328.40 Td (from ) Tj ET Q q 0 0 0 rg BT 216.60 328.40 Td (these ) Tj ET Q q 0 0 0 rg BT 235.04 328.40 Td (restrictions.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 311.73359375 m 73.546875 311.73359375 l s q 0 0 0 rg BT 50.00 312.80 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.55 312.80 Td (: ) Tj ET Q q 0 0 0 rg BT 77.11 312.80 Td (In ) Tj ET Q q 0 0 0 rg BT 85.11 312.80 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 112.00 312.80 Td (privately ) Tj ET Q q 0 0 0 rg BT 141.77 312.80 Td (owned ) Tj ET Q q 0 0 0 rg BT 164.44 312.80 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 205.76 312.80 Td (are ) Tj ET Q q 0 0 0 rg BT 216.87 312.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 248.86 312.80 Td (to ) Tj ET Q q 0 0 0 rg BT 256.43 312.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 288.42 312.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 325.30 312.80 Td (for ) Tj ET Q q 0 0 0 rg BT 335.97 312.80 Td (up ) Tj ET Q q 0 0 0 rg BT 345.31 312.80 Td (to ) Tj ET Q q 0 0 0 rg BT 352.88 312.80 Td (12 ) Tj ET Q q 0 0 0 rg BT 362.21 312.80 Td (minutes ) Tj ET Q q 0 0 0 rg BT 388.89 312.80 Td (per ) Tj ET Q q 0 0 0 rg BT 400.44 312.80 Td (hour ) Tj ET Q q 0 0 0 rg BT 416.45 312.80 Td (with ) Tj ET Q q 0 0 0 rg BT 432.01 312.80 Td (no ) Tj ET Q q 0 0 0 rg BT 441.35 312.80 Td (daily ) Tj ET Q q 0 0 0 rg BT 458.68 312.80 Td (limit, ) Tj ET Q q 0 0 0 rg BT 477.14 312.80 Td (and ) Tj ET Q q 0 0 0 rg BT 490.03 312.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 509.58 312.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 526.47 312.80 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 303.20 Td (has ) Tj ET Q q 0 0 0 rg BT 62.17 303.20 Td (to ) Tj ET Q q 0 0 0 rg BT 69.90 303.20 Td (last ) Tj ET Q q 0 0 0 rg BT 82.51 303.20 Td (continuously ) Tj ET Q q 0 0 0 rg BT 125.35 303.20 Td (for ) Tj ET Q q 0 0 0 rg BT 136.19 303.20 Td (at ) Tj ET Q q 0 0 0 rg BT 143.46 303.20 Td (least ) Tj ET Q q 0 0 0 rg BT 159.63 303.20 Td (15 ) Tj ET Q q 0 0 0 rg BT 169.14 303.20 Td (minutes. ) Tj ET Q q 0 0 0 rg BT 197.64 303.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 233.37 303.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 270.42 303.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 289.70 303.20 Td (to ) Tj ET Q q 0 0 0 rg BT 297.43 303.20 Td (children's ) Tj ET Q q 0 0 0 rg BT 329.70 303.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 374.75 303.20 Td (and ) Tj ET Q q 0 0 0 rg BT 387.81 303.20 Td (movies. ) Tj ET Q q 0 0 0 rg BT 414.31 303.20 Td (The ) Tj ET Q q 0 0 0 rg BT 428.26 303.20 Td (public ) Tj ET Q q 0 0 0 rg BT 449.76 303.20 Td (broadcaster ) Tj ET Q q 0 0 0 rg BT 488.13 303.20 Td (HR) Tj ET Q q 0 0 0 rg BT 498.77 303.20 Td (T) Tj ET Q q 0 0 0 rg BT 503.06 303.20 Td (, ) Tj ET Q q 0 0 0 rg BT 506.56 303.20 Td (which ) Tj ET Q q 0 0 0 rg BT 527.62 303.20 Td (is ) Tj ET Q q 0 0 0 rg BT 534.46 303.20 Td (financed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 293.60 Td (through ) Tj ET Q q 0 0 0 rg BT 76.79 293.60 Td (a ) Tj ET Q q 0 0 0 rg BT 82.24 293.60 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 121.91 293.60 Td (television ) Tj ET Q q 0 0 0 rg BT 154.91 293.60 Td (license ) Tj ET Q q 0 0 0 rg BT 179.02 293.60 Td (fee, ) Tj ET Q q 0 0 0 rg BT 192.69 293.60 Td (is ) Tj ET Q q 0 0 0 rg BT 199.92 293.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 231.59 293.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.71 293.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 282.48 293.60 Td (nine ) Tj ET Q q 0 0 0 rg BT 298.16 293.60 Td (minutes ) Tj ET Q q 0 0 0 rg BT 325.39 293.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.95 293.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 371.40 293.60 Td (per ) Tj ET Q q 0 0 0 rg BT 383.51 293.60 Td (hour ) Tj ET Q q 0 0 0 rg BT 400.07 293.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 431.74 293.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.19 293.60 Td (four ) Tj ET Q q 0 0 0 rg BT 460.41 293.60 Td (minutes ) Tj ET Q q 0 0 0 rg BT 487.64 293.60 Td (per ) Tj ET Q q 0 0 0 rg BT 499.76 293.60 Td (hour ) Tj ET Q q 0 0 0 rg BT 516.32 293.60 Td (from ) Tj ET Q q 0 0 0 rg BT 533.77 293.60 Td (6 ) Tj ET Q q 0 0 0 rg BT 539.67 293.60 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 555.79 293.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 284.00 Td (10 ) Tj ET Q q 0 0 0 rg BT 60.22 284.00 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 76.67 284.00 Td (HR) Tj ET Q q 0 0 0 rg BT 87.30 284.00 Td (T) Tj ET Q q 0 0 0 rg BT 92.04 284.00 Td ( ) Tj ET Q q 0 0 0 rg BT 94.27 284.00 Td (is ) Tj ET Q q 0 0 0 rg BT 101.83 284.00 Td (not ) Tj ET Q q 0 0 0 rg BT 114.27 284.00 Td (permitted ) Tj ET Q q 0 0 0 rg BT 147.15 284.00 Td (to ) Tj ET Q q 0 0 0 rg BT 155.60 284.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 188.48 284.00 Td (spots ) Tj ET Q q 0 0 0 rg BT 207.15 284.00 Td (for ) Tj ET Q q 0 0 0 rg BT 218.70 284.00 Td (teleshopping. ) Tj ET Q q 0 0 0 rg BT 263.65 284.00 Td (There ) Tj ET Q q 0 0 0 rg BT 284.52 284.00 Td (are ) Tj ET Q q 0 0 0 rg BT 296.51 284.00 Td (other ) Tj ET Q q 0 0 0 rg BT 315.17 284.00 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 352.94 284.00 Td (that ) Tj ET Q q 0 0 0 rg BT 367.16 284.00 Td (relate ) Tj ET Q q 0 0 0 rg BT 387.15 284.00 Td (to ) Tj ET Q q 0 0 0 rg BT 395.60 284.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 433.37 284.00 Td (content, ) Tj ET Q q 0 0 0 rg BT 461.14 284.00 Td (including ) Tj ET Q q 0 0 0 rg BT 493.58 284.00 Td (a ) Tj ET Q q 0 0 0 rg BT 499.35 284.00 Td (ban ) Tj ET Q q 0 0 0 rg BT 513.13 284.00 Td (on ) Tj ET Q q 0 0 0 rg BT 523.35 284.00 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 550.45 284.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 274.40 Td (alcohol ) Tj ET Q q 0 0 0 rg BT 75.90 274.40 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 115.79 274.40 Td (NOV) Tj ET Q q 0 0 0 rg BT 132.10 274.40 Td (A) Tj ET Q q 0 0 0 rg BT 137.43 274.40 Td ( ) Tj ET Q q 0 0 0 rg BT 139.61 274.40 Td (TV) Tj ET Q q 0 0 0 rg BT 150.13 274.40 Td ( ) Tj ET Q q 0 0 0 rg BT 152.48 274.40 Td (\(Croatia\) ) Tj ET Q q 0 0 0 rg BT 183.71 274.40 Td (is ) Tj ET Q q 0 0 0 rg BT 191.39 274.40 Td (required ) Tj ET Q q 0 0 0 rg BT 220.40 274.40 Td (to ) Tj ET Q q 0 0 0 rg BT 228.97 274.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 255.32 274.40 Td (with ) Tj ET Q q 0 0 0 rg BT 271.89 274.40 Td (several ) Tj ET Q q 0 0 0 rg BT 296.89 274.40 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 334.79 274.40 Td (on ) Tj ET Q q 0 0 0 rg BT 345.14 274.40 Td (programming, ) Tj ET Q q 0 0 0 rg BT 393.04 274.40 Td (including ) Tj ET Q q 0 0 0 rg BT 425.61 274.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 463.51 274.40 Td (on ) Tj ET Q q 0 0 0 rg BT 473.86 274.40 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 274.40 Td (origin ) Tj ET Q q 0 0 0 rg BT 507.44 274.40 Td (of ) Tj ET Q q 0 0 0 rg BT 516.46 274.40 Td (programming. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 264.80 Td (These ) Tj ET Q q 0 0 0 rg BT 70.58 264.80 Td (include ) Tj ET Q q 0 0 0 rg BT 95.61 264.80 Td (the ) Tj ET Q q 0 0 0 rg BT 106.87 264.80 Td (requirement ) Tj ET Q q 0 0 0 rg BT 147.00 264.80 Td (that ) Tj ET Q q 0 0 0 rg BT 160.47 264.80 Td (20.0% ) Tj ET Q q 0 0 0 rg BT 182.62 264.80 Td (of ) Tj ET Q q 0 0 0 rg BT 190.76 264.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 222.90 264.80 Td (time ) Tj ET Q q 0 0 0 rg BT 238.60 264.80 Td (consists ) Tj ET Q q 0 0 0 rg BT 265.42 264.80 Td (of ) Tj ET Q q 0 0 0 rg BT 273.56 264.80 Td (locally ) Tj ET Q q 0 0 0 rg BT 296.81 264.80 Td (produced ) Tj ET Q q 0 0 0 rg BT 328.06 264.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 373.09 264.80 Td (and ) Tj ET Q q 0 0 0 rg BT 386.12 264.80 Td (50.0% ) Tj ET Q q 0 0 0 rg BT 408.27 264.80 Td (of ) Tj ET Q q 0 0 0 rg BT 416.41 264.80 Td (such ) Tj ET Q q 0 0 0 rg BT 432.56 264.80 Td (locally ) Tj ET Q q 0 0 0 rg BT 455.81 264.80 Td (produced ) Tj ET Q q 0 0 0 rg BT 487.05 264.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 532.08 264.80 Td (be ) Tj ET Q q 0 0 0 rg BT 541.12 264.80 Td (shown ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 255.20 Td (during ) Tj ET Q q 0 0 0 rg BT 72.89 255.20 Td (prime ) Tj ET Q q 0 0 0 rg BT 93.55 255.20 Td (time ) Tj ET Q q 0 0 0 rg BT 109.77 255.20 Td (\(between ) Tj ET Q q 0 0 0 rg BT 141.08 255.20 Td (4:00 ) Tj ET Q q 0 0 0 rg BT 157.30 255.20 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 173.53 255.20 Td (and ) Tj ET Q q 0 0 0 rg BT 187.08 255.20 Td (10:00 ) Tj ET Q q 0 0 0 rg BT 207.30 255.20 Td (p.m.\). ) Tj ET Q q 0 0 0 rg BT 228.04 255.20 Td (These ) Tj ET Q q 0 0 0 rg BT 249.14 255.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 286.69 255.20 Td (are ) Tj ET Q q 0 0 0 rg BT 298.46 255.20 Td (not ) Tj ET Q q 0 0 0 rg BT 310.68 255.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 345.55 255.20 Td (to ) Tj ET Q q 0 0 0 rg BT 353.77 255.20 Td (DOMA) Tj ET Q q 0 0 0 rg BT 377.78 255.20 Td ( ) Tj ET Q q 0 0 0 rg BT 379.78 255.20 Td (\(Croatia\).) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 238.53359375000002 m 101.09375 238.53359375000002 l s q 0 0 0 rg BT 50.00 239.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 72.21 239.60 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.09 239.60 Td (: ) Tj ET Q q 0 0 0 rg BT 105.54 239.60 Td (Privately ) Tj ET Q q 0 0 0 rg BT 136.64 239.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 160.20 239.60 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 202.40 239.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.84 239.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.84 239.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 245.05 239.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 276.16 239.60 Td (are ) Tj ET Q q 0 0 0 rg BT 288.14 239.60 Td (permitted ) Tj ET Q q 0 0 0 rg BT 321.02 239.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.47 239.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 362.34 239.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 400.11 239.60 Td (for ) Tj ET Q q 0 0 0 rg BT 411.66 239.60 Td (up ) Tj ET Q q 0 0 0 rg BT 421.89 239.60 Td (to ) Tj ET Q q 0 0 0 rg BT 430.33 239.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 440.55 239.60 Td (minutes ) Tj ET Q q 0 0 0 rg BT 468.11 239.60 Td (per ) Tj ET Q q 0 0 0 rg BT 480.55 239.60 Td (hour) Tj ET Q q 0 0 0 rg BT 494.77 239.60 Td (. ) Tj ET Q q 0 0 0 rg BT 498.99 239.60 Td (In ) Tj ET Q q 0 0 0 rg BT 507.88 239.60 Td (September ) Tj ET Q q 0 0 0 rg BT 544.31 239.60 Td (201) Tj ET Q q 0 0 0 rg BT 556.02 239.60 Td (1, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (legislation ) Tj ET Q q 0 0 0 rg BT 85.50 230.00 Td (was ) Tj ET Q q 0 0 0 rg BT 100.12 230.00 Td (implemented ) Tj ET Q q 0 0 0 rg BT 144.06 230.00 Td (in ) Tj ET Q q 0 0 0 rg BT 152.45 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 164.40 230.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 186.56 230.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 217.62 230.00 Td (which ) Tj ET Q q 0 0 0 rg BT 239.34 230.00 Td (restricts ) Tj ET Q q 0 0 0 rg BT 266.84 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 278.79 230.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 304.96 230.00 Td (of ) Tj ET Q q 0 0 0 rg BT 313.80 230.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 351.52 230.00 Td (that ) Tj ET Q q 0 0 0 rg BT 365.69 230.00 Td (may ) Tj ET Q q 0 0 0 rg BT 381.63 230.00 Td (be ) Tj ET Q q 0 0 0 rg BT 391.36 230.00 Td (shown ) Tj ET Q q 0 0 0 rg BT 414.42 230.00 Td (on ) Tj ET Q q 0 0 0 rg BT 424.60 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 436.54 230.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 466.71 230.00 Td (of ) Tj ET Q q 0 0 0 rg BT 475.54 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 487.49 230.00 Td (public ) Tj ET Q q 0 0 0 rg BT 509.66 230.00 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 546.21 230.00 Td (, ) Tj ET Q q 0 0 0 rg BT 550.38 230.00 Td (CT) Tj ET Q q 0 0 0 rg BT 560.01 230.00 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 220.40 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.01 220.40 Td (to ) Tj ET Q q 0 0 0 rg BT 88.24 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.02 220.40 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 136.46 220.40 Td (no ) Tj ET Q q 0 0 0 rg BT 146.47 220.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 184.02 220.40 Td (may ) Tj ET Q q 0 0 0 rg BT 199.80 220.40 Td (be ) Tj ET Q q 0 0 0 rg BT 209.36 220.40 Td (shown ) Tj ET Q q 0 0 0 rg BT 232.26 220.40 Td (on ) Tj ET Q q 0 0 0 rg BT 242.27 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 254.05 220.40 Td (public ) Tj ET Q q 0 0 0 rg BT 276.05 220.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 306.05 220.40 Td (CT) Tj ET Q q 0 0 0 rg BT 316.13 220.40 Td ( ) Tj ET Q q 0 0 0 rg BT 318.14 220.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 324.14 220.40 Td (and ) Tj ET Q q 0 0 0 rg BT 337.70 220.40 Td (CT) Tj ET Q q 0 0 0 rg BT 347.78 220.40 Td ( ) Tj ET Q q 0 0 0 rg BT 349.79 220.40 Td (24, ) Tj ET Q q 0 0 0 rg BT 361.80 220.40 Td (while ) Tj ET Q q 0 0 0 rg BT 381.58 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 393.36 220.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 423.36 220.40 Td (CT) Tj ET Q q 0 0 0 rg BT 433.43 220.40 Td ( ) Tj ET Q q 0 0 0 rg BT 435.44 220.40 Td (4 ) Tj ET Q q 0 0 0 rg BT 441.45 220.40 Td (and ) Tj ET Q q 0 0 0 rg BT 455.01 220.40 Td (CT) Tj ET Q q 0 0 0 rg BT 465.09 220.40 Td ( ) Tj ET Q q 0 0 0 rg BT 467.09 220.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 473.10 220.40 Td (may ) Tj ET Q q 0 0 0 rg BT 488.88 220.40 Td (show ) Tj ET Q q 0 0 0 rg BT 507.78 220.40 Td (a ) Tj ET Q q 0 0 0 rg BT 513.34 220.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 538.01 220.40 Td (amount ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 210.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.70 210.80 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 97.84 210.80 Td (Also ) Tj ET Q q 0 0 0 rg BT 114.99 210.80 Td (included ) Tj ET Q q 0 0 0 rg BT 144.57 210.80 Td (in ) Tj ET Q q 0 0 0 rg BT 152.83 210.80 Td (the ) Tj ET Q q 0 0 0 rg BT 164.64 210.80 Td (legislation ) Tj ET Q q 0 0 0 rg BT 200.01 210.80 Td (is ) Tj ET Q q 0 0 0 rg BT 207.38 210.80 Td (the ) Tj ET Q q 0 0 0 rg BT 219.19 210.80 Td (requirement ) Tj ET Q q 0 0 0 rg BT 259.87 210.80 Td (that ) Tj ET Q q 0 0 0 rg BT 273.91 210.80 Td (national ) Tj ET Q q 0 0 0 rg BT 301.71 210.80 Td (private ) Tj ET Q q 0 0 0 rg BT 325.96 210.80 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 367.98 210.80 Td (must ) Tj ET Q q 0 0 0 rg BT 385.58 210.80 Td (contribute ) Tj ET Q q 0 0 0 rg BT 420.05 210.80 Td (annually ) Tj ET Q q 0 0 0 rg BT 449.63 210.80 Td (to ) Tj ET Q q 0 0 0 rg BT 457.89 210.80 Td (a ) Tj ET Q q 0 0 0 rg BT 463.48 210.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 485.50 210.80 Td (cinematography ) Tj ET Q q 0 0 0 rg BT 539.08 210.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 555.78 210.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 201.20 Td (an ) Tj ET Q q 0 0 0 rg BT 58.99 201.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 84.42 201.20 Td (equal ) Tj ET Q q 0 0 0 rg BT 103.17 201.20 Td (to ) Tj ET Q q 0 0 0 rg BT 110.83 201.20 Td (2.0% ) Tj ET Q q 0 0 0 rg BT 128.93 201.20 Td (of ) Tj ET Q q 0 0 0 rg BT 137.03 201.20 Td (their ) Tj ET Q q 0 0 0 rg BT 153.12 201.20 Td (net ) Tj ET Q q 0 0 0 rg BT 164.33 201.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 201.31 201.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 233.07 201.20 Td (W) Tj ET Q q 0 0 0 rg BT 239.98 201.20 Td (e ) Tj ET Q q 0 0 0 rg BT 244.97 201.20 Td (are ) Tj ET Q q 0 0 0 rg BT 256.17 201.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 281.60 201.20 Td (to ) Tj ET Q q 0 0 0 rg BT 289.25 201.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 308.46 201.20 Td (for ) Tj ET Q q 0 0 0 rg BT 319.22 201.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 350.87 201.20 Td (from ) Tj ET Q q 0 0 0 rg BT 367.86 201.20 Td (the ) Tj ET Q q 0 0 0 rg BT 379.06 201.20 Td (fund. ) Tj ET Q q 0 0 0 rg BT 397.16 201.20 Td (In ) Tj ET Q q 0 0 0 rg BT 405.26 201.20 Td (the ) Tj ET Q q 0 0 0 rg BT 416.47 201.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 437.89 201.20 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 470.21 201.20 Td (all ) Tj ET Q q 0 0 0 rg BT 479.64 201.20 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 521.05 201.20 Td (are ) Tj ET Q q 0 0 0 rg BT 532.25 201.20 Td (restricted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 191.60 Td (with ) Tj ET Q q 0 0 0 rg BT 65.73 191.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 89.89 191.60 Td (to ) Tj ET Q q 0 0 0 rg BT 97.62 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.90 191.60 Td (frequency ) Tj ET Q q 0 0 0 rg BT 142.39 191.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.56 191.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 187.61 191.60 Td (breaks ) Tj ET Q q 0 0 0 rg BT 210.00 191.60 Td (during ) Tj ET Q q 0 0 0 rg BT 232.39 191.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.45 191.60 Td (between ) Tj ET Q q 0 0 0 rg BT 273.61 191.60 Td (programs, ) Tj ET Q q 0 0 0 rg BT 307.33 191.60 Td (as ) Tj ET Q q 0 0 0 rg BT 315.50 191.60 Td (well ) Tj ET Q q 0 0 0 rg BT 330.78 191.60 Td (as ) Tj ET Q q 0 0 0 rg BT 338.95 191.60 Td (being ) Tj ET Q q 0 0 0 rg BT 358.23 191.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 382.40 191.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.13 191.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 427.18 191.60 Td (that ) Tj ET Q q 0 0 0 rg BT 440.68 191.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 459.95 191.60 Td (to ) Tj ET Q q 0 0 0 rg BT 467.68 191.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 504.74 191.60 Td (content, ) Tj ET Q q 0 0 0 rg BT 531.79 191.60 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 182.00 Td (a ) Tj ET Q q 0 0 0 rg BT 55.55 182.00 Td (ban ) Tj ET Q q 0 0 0 rg BT 69.10 182.00 Td (on ) Tj ET Q q 0 0 0 rg BT 79.10 182.00 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 105.98 182.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 143.52 182.00 Td (and ) Tj ET Q q 0 0 0 rg BT 157.07 182.00 Td (limitations ) Tj ET Q q 0 0 0 rg BT 193.30 182.00 Td (on ) Tj ET Q q 0 0 0 rg BT 203.30 182.00 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 253.28 182.00 Td (of ) Tj ET Q q 0 0 0 rg BT 261.95 182.00 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 293.27 182.00 Td (beverages, ) Tj ET Q q 0 0 0 rg BT 329.25 182.00 Td (pharmaceuticals, ) Tj ET Q q 0 0 0 rg BT 385.22 182.00 Td (firearms ) Tj ET Q q 0 0 0 rg BT 413.87 182.00 Td (and ) Tj ET Q q 0 0 0 rg BT 427.42 182.00 Td (munitions.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 165.33359374999998 m 78.8828125 165.33359374999998 l s q 0 0 0 rg BT 50.00 166.40 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.88 166.40 Td (: ) Tj ET Q q 0 0 0 rg BT 83.29 166.40 Td (Privately ) Tj ET Q q 0 0 0 rg BT 114.36 166.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 137.88 166.40 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 180.05 166.40 Td (in ) Tj ET Q q 0 0 0 rg BT 188.46 166.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 219.53 166.40 Td (are ) Tj ET Q q 0 0 0 rg BT 231.48 166.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 264.32 166.40 Td (to ) Tj ET Q q 0 0 0 rg BT 272.73 166.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 305.57 166.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 343.31 166.40 Td (and ) Tj ET Q q 0 0 0 rg BT 357.05 166.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 377.45 166.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 395.18 166.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 432.92 166.40 Td (for ) Tj ET Q q 0 0 0 rg BT 444.43 166.40 Td (up ) Tj ET Q q 0 0 0 rg BT 454.62 166.40 Td (to ) Tj ET Q q 0 0 0 rg BT 463.03 166.40 Td (12 ) Tj ET Q q 0 0 0 rg BT 473.22 166.40 Td (minutes ) Tj ET Q q 0 0 0 rg BT 500.74 166.40 Td (per ) Tj ET Q q 0 0 0 rg BT 513.14 166.40 Td (hour) Tj ET Q q 0 0 0 rg BT 527.36 166.40 Td (. ) Tj ET Q q 0 0 0 rg BT 531.39 166.40 Td (There ) Tj ET Q q 0 0 0 rg BT 552.23 166.40 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 156.80 Td (also ) Tj ET Q q 0 0 0 rg BT 65.18 156.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 103.02 156.80 Td (on ) Tj ET Q q 0 0 0 rg BT 113.31 156.80 Td (the ) Tj ET Q q 0 0 0 rg BT 125.38 156.80 Td (frequency ) Tj ET Q q 0 0 0 rg BT 159.65 156.80 Td (of ) Tj ET Q q 0 0 0 rg BT 168.61 156.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 206.45 156.80 Td (breaks ) Tj ET Q q 0 0 0 rg BT 229.62 156.80 Td (\(for ) Tj ET Q q 0 0 0 rg BT 243.91 156.80 Td (example, ) Tj ET Q q 0 0 0 rg BT 275.30 156.80 Td (news ) Tj ET Q q 0 0 0 rg BT 294.03 156.80 Td (and ) Tj ET Q q 0 0 0 rg BT 307.88 156.80 Td (children's ) Tj ET Q q 0 0 0 rg BT 340.93 156.80 Td (programs ) Tj ET Q q 0 0 0 rg BT 373.44 156.80 Td (shorter ) Tj ET Q q 0 0 0 rg BT 397.95 156.80 Td (than ) Tj ET Q q 0 0 0 rg BT 414.02 156.80 Td (30 ) Tj ET Q q 0 0 0 rg BT 424.31 156.80 Td (minutes ) Tj ET Q q 0 0 0 rg BT 451.93 156.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 475.55 156.80 Td (be ) Tj ET Q q 0 0 0 rg BT 485.39 156.80 Td (interrupted\). ) Tj ET Q q 0 0 0 rg BT 527.28 156.80 Td (The ) Tj ET Q q 0 0 0 rg BT 542.01 156.80 Td (public ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 147.20 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 86.55 147.20 Td (, ) Tj ET Q q 0 0 0 rg BT 90.78 147.20 Td (TVR, ) Tj ET Q q 0 0 0 rg BT 111.18 147.20 Td (which ) Tj ET Q q 0 0 0 rg BT 133.13 147.20 Td (is ) Tj ET Q q 0 0 0 rg BT 140.87 147.20 Td (financed ) Tj ET Q q 0 0 0 rg BT 170.82 147.20 Td (through ) Tj ET Q q 0 0 0 rg BT 198.11 147.20 Td (a ) Tj ET Q q 0 0 0 rg BT 204.06 147.20 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 244.24 147.20 Td (television ) Tj ET Q q 0 0 0 rg BT 277.75 147.20 Td (license ) Tj ET Q q 0 0 0 rg BT 302.36 147.20 Td (fee, ) Tj ET Q q 0 0 0 rg BT 316.53 147.20 Td (is ) Tj ET Q q 0 0 0 rg BT 324.27 147.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 356.43 147.20 Td (to ) Tj ET Q q 0 0 0 rg BT 365.06 147.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 408.34 147.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 446.29 147.20 Td (for ) Tj ET Q q 0 0 0 rg BT 458.02 147.20 Td (eight ) Tj ET Q q 0 0 0 rg BT 476.42 147.20 Td (minutes ) Tj ET Q q 0 0 0 rg BT 504.15 147.20 Td (per ) Tj ET Q q 0 0 0 rg BT 516.77 147.20 Td (hour ) Tj ET Q q 0 0 0 rg BT 533.84 147.20 Td (and ) Tj ET Q q 0 0 0 rg BT 547.79 147.20 Td (only ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 137.60 Td (between ) Tj ET Q q 0 0 0 rg BT 78.25 137.60 Td (programs. ) Tj ET Q q 0 0 0 rg BT 112.06 137.60 Td (Further ) Tj ET Q q 0 0 0 rg BT 137.21 137.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 174.35 137.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 193.71 137.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.53 137.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 238.67 137.60 Td (content, ) Tj ET Q q 0 0 0 rg BT 265.82 137.60 Td (including ) Tj ET Q q 0 0 0 rg BT 297.63 137.60 Td (a ) Tj ET Q q 0 0 0 rg BT 302.78 137.60 Td (ban ) Tj ET Q q 0 0 0 rg BT 315.93 137.60 Td (on ) Tj ET Q q 0 0 0 rg BT 325.52 137.60 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 352.00 137.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 389.14 137.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.29 137.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 439.43 137.60 Td (on ) Tj ET Q q 0 0 0 rg BT 449.03 137.60 Td (alcohol ) Tj ET Q q 0 0 0 rg BT 474.17 137.60 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 513.31 137.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.46 137.60 Td (regulations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 128.00 Td (on ) Tj ET Q q 0 0 0 rg BT 59.89 128.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 97.32 128.00 Td (tar) Tj ET Q q 0 0 0 rg BT 105.62 128.00 Td (geted ) Tj ET Q q 0 0 0 rg BT 124.83 128.00 Td (at ) Tj ET Q q 0 0 0 rg BT 132.49 128.00 Td (children ) Tj ET Q q 0 0 0 rg BT 160.59 128.00 Td (or ) Tj ET Q q 0 0 0 rg BT 169.14 128.00 Td (during ) Tj ET Q q 0 0 0 rg BT 191.91 128.00 Td (children's ) Tj ET Q q 0 0 0 rg BT 224.57 128.00 Td (programming. ) Tj ET Q q 0 0 0 rg BT 272.00 128.00 Td (In ) Tj ET Q q 0 0 0 rg BT 280.55 128.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 310.66 128.00 Td (members ) Tj ET Q q 0 0 0 rg BT 341.87 128.00 Td (of ) Tj ET Q q 0 0 0 rg BT 350.42 128.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.08 128.00 Td (news ) Tj ET Q q 0 0 0 rg BT 380.41 128.00 Td (department ) Tj ET Q q 0 0 0 rg BT 418.29 128.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.84 128.00 Td (all ) Tj ET Q q 0 0 0 rg BT 436.72 128.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 466.60 128.00 Td (are ) Tj ET Q q 0 0 0 rg BT 478.25 128.00 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 513.02 128.00 Td (from ) Tj ET Q q 0 0 0 rg BT 530.46 128.00 Td (appearing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 118.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.52 118.40 Td (advertisements. ) Tj ET Q q 0 0 0 rg BT 110.81 118.40 Td (In ) Tj ET Q q 0 0 0 rg BT 119.77 118.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 140.07 118.40 Td (new ) Tj ET Q q 0 0 0 rg BT 155.70 118.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 193.55 118.40 Td (were ) Tj ET Q q 0 0 0 rg BT 211.39 118.40 Td (introduced ) Tj ET Q q 0 0 0 rg BT 247.91 118.40 Td (that ) Tj ET Q q 0 0 0 rg BT 262.20 118.40 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 289.84 118.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 327.68 118.40 Td (agencies ) Tj ET Q q 0 0 0 rg BT 357.52 118.40 Td (from ) Tj ET Q q 0 0 0 rg BT 375.38 118.40 Td (acting ) Tj ET Q q 0 0 0 rg BT 397.22 118.40 Td (as ) Tj ET Q q 0 0 0 rg BT 406.19 118.40 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 454.25 118.40 Td (to ) Tj ET Q q 0 0 0 rg BT 462.77 118.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 493.50 118.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 526.45 118.40 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 108.80 Td (space ) Tj ET Q q 0 0 0 rg BT 69.63 108.80 Td (for ) Tj ET Q q 0 0 0 rg BT 80.81 108.80 Td (clients, ) Tj ET Q q 0 0 0 rg BT 105.56 108.80 Td (and ) Tj ET Q q 0 0 0 rg BT 118.97 108.80 Td (instead ) Tj ET Q q 0 0 0 rg BT 143.49 108.80 Td (require ) Tj ET Q q 0 0 0 rg BT 168.00 108.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 205.41 108.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 228.15 108.80 Td (to ) Tj ET Q q 0 0 0 rg BT 236.24 108.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 266.53 108.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 303.93 108.80 Td (space ) Tj ET Q q 0 0 0 rg BT 323.56 108.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 349.85 108.80 Td (from ) Tj ET Q q 0 0 0 rg BT 367.26 108.80 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 410.97 108.80 Td (The ) Tj ET Q q 0 0 0 rg BT 425.27 108.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 462.68 108.80 Td (also ) Tj ET Q q 0 0 0 rg BT 477.42 108.80 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 504.61 108.80 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 546.46 108.80 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 99.20 Td (providing ) Tj ET Q q 0 0 0 rg BT 83.11 99.20 Td (rebates ) Tj ET Q q 0 0 0 rg BT 107.76 99.20 Td (or ) Tj ET Q q 0 0 0 rg BT 116.43 99.20 Td (other ) Tj ET Q q 0 0 0 rg BT 134.86 99.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 174.62 99.20 Td (advantages ) Tj ET Q q 0 0 0 rg BT 212.16 99.20 Td (to ) Tj ET Q q 0 0 0 rg BT 220.38 99.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 257.93 99.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 287.47 99.20 Td (with ) Tj ET Q q 0 0 0 rg BT 303.69 99.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 328.34 99.20 Td (to ) Tj ET Q q 0 0 0 rg BT 336.57 99.20 Td (the ) Tj ET Q q 0 0 0 rg BT 348.34 99.20 Td (sale ) Tj ET Q q 0 0 0 rg BT 362.78 99.20 Td (of ) Tj ET Q q 0 0 0 rg BT 371.44 99.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 408.99 99.20 Td (time.) 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(Slovak ) Tj ET Q q 0 0 0 rg BT 246.71 743.50 Td (Republic ) Tj ET Q q 0 0 0 rg BT 277.47 743.50 Td (are ) Tj ET Q q 0 0 0 rg BT 289.11 743.50 Td (permitted ) Tj ET Q q 0 0 0 rg BT 321.64 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 329.73 743.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 362.25 743.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 399.67 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 410.87 743.50 Td (up ) Tj ET Q q 0 0 0 rg BT 420.75 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 428.84 743.50 Td (12 ) Tj ET Q q 0 0 0 rg BT 438.71 743.50 Td (minutes ) Tj ET Q q 0 0 0 rg BT 465.92 743.50 Td (per ) Tj ET Q q 0 0 0 rg BT 478.00 743.50 Td (hour ) Tj ET Q q 0 0 0 rg BT 494.54 743.50 Td (but ) Tj ET Q q 0 0 0 rg BT 506.63 743.50 Td (not ) Tj ET Q q 0 0 0 rg BT 518.73 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 529.93 743.50 Td (more ) Tj ET Q q 0 0 0 rg BT 548.24 743.50 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (20.0% ) Tj ET Q q 0 0 0 rg BT 72.81 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 81.62 733.90 Td (their ) Tj ET Q q 0 0 0 rg BT 98.42 733.90 Td (total ) Tj ET Q q 0 0 0 rg BT 114.78 733.90 Td (daily ) Tj ET Q q 0 0 0 rg BT 132.92 733.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 165.72 733.90 Td (time. ) Tj ET Q q 0 0 0 rg BT 184.08 733.90 Td (Since ) Tj ET Q q 0 0 0 rg BT 204.00 733.90 Td (January ) Tj ET Q q 0 0 0 rg BT 231.02 733.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 251.16 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 263.08 733.90 Td (public ) Tj ET Q q 0 0 0 rg BT 285.22 733.90 Td (broadcaster ) Tj ET Q q 0 0 0 rg BT 324.23 733.90 Td (R) Tj ET Q q 0 0 0 rg BT 329.08 733.90 Td (TVS, ) Tj ET Q q 0 0 0 rg BT 348.34 733.90 Td (which ) Tj ET Q q 0 0 0 rg BT 370.04 733.90 Td (is ) Tj ET Q q 0 0 0 rg BT 377.52 733.90 Td (financed ) Tj ET Q q 0 0 0 rg BT 407.20 733.90 Td (through ) Tj ET Q q 0 0 0 rg BT 434.23 733.90 Td (a ) Tj ET Q q 0 0 0 rg BT 439.92 733.90 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 479.84 733.90 Td (license ) Tj ET Q q 0 0 0 rg BT 504.19 733.90 Td (fee, ) Tj ET Q 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Td (teleshopping ) Tj ET Q q 0 0 0 rg BT 406.89 724.30 Td (programming\), ) Tj ET Q q 0 0 0 rg BT 457.07 724.30 Td (but ) Tj ET Q q 0 0 0 rg BT 469.26 724.30 Td (between ) Tj ET Q q 0 0 0 rg BT 497.88 724.30 Td (7:00 ) Tj ET Q q 0 0 0 rg BT 514.07 724.30 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 530.26 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 543.78 724.30 Td (10:00 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 66.22 714.70 Td (may ) Tj ET Q q 0 0 0 rg BT 81.99 714.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 114.63 714.70 Td (only ) Tj ET Q q 0 0 0 rg BT 130.85 714.70 Td (8 ) Tj ET Q q 0 0 0 rg BT 136.85 714.70 Td (minutes ) Tj ET Q q 0 0 0 rg BT 164.17 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 172.83 714.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 210.38 714.70 Td (per ) Tj ET Q q 0 0 0 rg BT 222.58 714.70 Td (hour) Tj ET Q q 0 0 0 rg BT 236.81 714.70 Td (. ) Tj ET Q q 0 0 0 rg BT 240.66 714.70 Td (There ) Tj ET Q q 0 0 0 rg BT 261.31 714.70 Td (are ) Tj ET Q q 0 0 0 rg BT 273.07 714.70 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 310.61 714.70 Td (on ) Tj ET Q q 0 0 0 rg BT 320.60 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 332.37 714.70 Td (frequency ) Tj ET Q q 0 0 0 rg BT 366.35 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 375.01 714.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 412.55 714.70 Td (breaks ) Tj ET Q q 0 0 0 rg BT 435.42 714.70 Td (during ) Tj ET Q q 0 0 0 rg BT 458.31 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 471.85 714.70 Td (between ) Tj ET Q q 0 0 0 rg BT 500.50 714.70 Td (programs. ) Tj ET Q q 0 0 0 rg BT 534.71 714.70 Td (R) Tj ET Q q 0 0 0 rg BT 539.56 714.70 Td (TVS ) Tj ET Q q 0 0 0 rg BT 556.67 714.70 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (not ) Tj ET Q q 0 0 0 rg BT 63.60 705.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 97.63 705.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.22 705.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 141.25 705.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 180.17 705.10 Td (breaks ) Tj ET Q q 0 0 0 rg BT 204.42 705.10 Td (during ) Tj ET Q q 0 0 0 rg BT 228.68 705.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 264.03 705.10 Td (There ) Tj ET Q q 0 0 0 rg BT 286.05 705.10 Td (are ) Tj ET Q q 0 0 0 rg BT 299.19 705.10 Td (also ) Tj ET Q q 0 0 0 rg BT 315.45 705.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 354.37 705.10 Td (that ) Tj ET Q q 0 0 0 rg BT 369.74 705.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 390.88 705.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.47 705.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 439.39 705.10 Td (content, ) Tj ET Q q 0 0 0 rg BT 468.31 705.10 Td (including ) Tj ET Q q 0 0 0 rg BT 501.91 705.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.83 705.10 Td (ban ) Tj ET Q q 0 0 0 rg BT 523.75 705.10 Td (on ) Tj ET Q q 0 0 0 rg BT 535.13 705.10 Td (tobacco, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 695.50 Td (pharmaceuticals, ) Tj ET Q q 0 0 0 rg BT 105.85 695.50 Td (firearms ) Tj ET Q q 0 0 0 rg BT 134.39 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 147.82 695.50 Td (munitions ) Tj ET Q q 0 0 0 rg BT 181.71 695.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 219.14 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 232.57 695.50 Td (a ) Tj ET Q q 0 0 0 rg BT 238.00 695.50 Td (ban ) Tj ET Q q 0 0 0 rg BT 251.43 695.50 Td (on ) Tj ET Q q 0 0 0 rg BT 261.32 695.50 Td (advertisements ) Tj ET Q q 0 0 0 rg BT 311.18 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 319.73 695.50 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 350.93 695.50 Td (beverages ) Tj ET Q q 0 0 0 rg BT 384.79 695.50 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 420.88 695.50 Td (beer ) Tj ET Q q 0 0 0 rg BT 436.53 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 449.96 695.50 Td (wine\) ) Tj ET Q q 0 0 0 rg BT 470.06 695.50 Td (between ) Tj ET Q q 0 0 0 rg BT 498.60 695.50 Td (6:00 ) Tj ET Q q 0 0 0 rg BT 514.70 695.50 Td (a.m. ) Tj ET Q q 0 0 0 rg BT 530.36 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 543.79 695.50 Td (10:00 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 685.90 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 65.29 685.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 78.80 685.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 113.19 685.90 Td (in ) Tj ET Q q 0 0 0 rg BT 120.48 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 131.33 685.90 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 154.62 685.90 Td (Republic ) Tj ET Q q 0 0 0 rg BT 184.57 685.90 Td (are ) Tj ET Q q 0 0 0 rg BT 195.40 685.90 Td (also ) Tj ET Q q 0 0 0 rg BT 209.36 685.90 Td (required ) Tj ET Q q 0 0 0 rg BT 237.08 685.90 Td (to ) Tj ET Q q 0 0 0 rg BT 244.37 685.90 Td (comply ) Tj ET Q q 0 0 0 rg BT 269.43 685.90 Td (with ) Tj ET Q q 0 0 0 rg BT 284.72 685.90 Td (several ) Tj ET Q q 0 0 0 rg BT 308.45 685.90 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 345.06 685.90 Td (on ) Tj ET Q q 0 0 0 rg BT 354.13 685.90 Td (programming, ) Tj ET Q q 0 0 0 rg BT 400.74 685.90 Td (including ) Tj ET Q q 0 0 0 rg BT 432.03 685.90 Td (regulations ) Tj ET Q q 0 0 0 rg BT 468.65 685.90 Td (on ) Tj ET Q q 0 0 0 rg BT 477.71 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 488.56 685.90 Td (origin ) Tj ET Q q 0 0 0 rg BT 508.73 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 516.47 685.90 Td (programming. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 676.30 Td (These ) Tj ET Q q 0 0 0 rg BT 71.32 676.30 Td (include ) Tj ET Q q 0 0 0 rg BT 97.09 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 109.08 676.30 Td (requirement ) Tj ET Q q 0 0 0 rg BT 149.95 676.30 Td (that ) Tj ET Q q 0 0 0 rg BT 164.16 676.30 Td (50.0% ) Tj ET Q q 0 0 0 rg BT 187.04 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 195.93 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 207.92 676.30 Td (station's ) Tj ET Q q 0 0 0 rg BT 236.02 676.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 264.91 676.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 297.78 676.30 Td (time ) Tj ET Q q 0 0 0 rg BT 314.22 676.30 Td (must ) Tj ET Q q 0 0 0 rg BT 332.00 676.30 Td (be ) Tj ET Q q 0 0 0 rg BT 341.77 676.30 Td (European-origin ) Tj ET Q q 0 0 0 rg BT 396.41 676.30 Td (audio-visual ) Tj ET Q q 0 0 0 rg BT 438.18 676.30 Td (works ) Tj ET Q q 0 0 0 rg BT 459.95 676.30 Td (and ) Tj ET Q q 0 0 0 rg BT 473.72 676.30 Td (at ) Tj ET Q q 0 0 0 rg BT 481.71 676.30 Td (least ) Tj ET Q q 0 0 0 rg BT 498.59 676.30 Td (10.0% ) Tj ET Q q 0 0 0 rg BT 521.47 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 530.36 676.30 Td (a ) Tj ET Q q 0 0 0 rg BT 536.13 676.30 Td (station's ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 666.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 78.78 666.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 111.54 666.70 Td (time ) Tj ET Q q 0 0 0 rg BT 127.86 666.70 Td (must ) Tj ET Q q 0 0 0 rg BT 145.53 666.70 Td (be ) Tj ET Q q 0 0 0 rg BT 155.19 666.70 Td (European ) Tj ET Q q 0 0 0 rg BT 187.95 666.70 Td (audio-visual ) Tj ET Q q 0 0 0 rg BT 229.60 666.70 Td (works ) Tj ET Q q 0 0 0 rg BT 251.26 666.70 Td (produced ) Tj ET Q q 0 0 0 rg BT 283.13 666.70 Td (by ) Tj ET Q q 0 0 0 rg BT 293.24 666.70 Td (independent ) Tj ET Q q 0 0 0 rg BT 334.45 666.70 Td (producers, ) Tj ET Q q 0 0 0 rg BT 370.10 666.70 Td (at ) Tj ET Q q 0 0 0 rg BT 377.98 666.70 Td (least ) Tj ET Q q 0 0 0 rg BT 394.75 666.70 Td (10.0% ) Tj ET Q q 0 0 0 rg BT 417.52 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 426.29 666.70 Td (which ) Tj ET Q q 0 0 0 rg BT 447.95 666.70 Td (must ) Tj ET Q q 0 0 0 rg BT 465.61 666.70 Td (be ) Tj ET Q q 0 0 0 rg BT 475.27 666.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 508.03 666.70 Td (within ) Tj ET Q q 0 0 0 rg BT 530.58 666.70 Td (five ) Tj ET Q q 0 0 0 rg BT 545.13 666.70 Td (years ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 657.10 Td (production.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 640.43359375 m 77.99609375 640.43359375 l s q 0 0 0 rg BT 50.00 641.50 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 641.50 Td (: ) Tj ET Q q 0 0 0 rg BT 82.14 641.50 Td (Privately ) Tj ET Q q 0 0 0 rg BT 112.95 641.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 136.20 641.50 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 178.10 641.50 Td (in ) Tj ET Q q 0 0 0 rg BT 186.25 641.50 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 216.17 641.50 Td (are ) Tj ET Q q 0 0 0 rg BT 227.85 641.50 Td (allowed ) Tj ET Q q 0 0 0 rg BT 255.10 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 263.25 641.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 295.82 641.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 333.29 641.50 Td (for ) Tj ET Q q 0 0 0 rg BT 344.54 641.50 Td (up ) Tj ET Q q 0 0 0 rg BT 354.47 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 362.61 641.50 Td (12 ) Tj ET Q q 0 0 0 rg BT 372.53 641.50 Td (minutes ) Tj ET Q q 0 0 0 rg BT 399.79 641.50 Td (in ) Tj ET Q q 0 0 0 rg BT 407.93 641.50 Td (any ) Tj ET Q q 0 0 0 rg BT 421.41 641.50 Td (hour) Tj ET Q q 0 0 0 rg BT 435.63 641.50 Td (. ) Tj ET Q q 0 0 0 rg BT 439.41 641.50 Td (The ) Tj ET Q q 0 0 0 rg BT 453.77 641.50 Td (public ) Tj ET Q q 0 0 0 rg BT 475.69 641.50 Td (broadcaster) Tj ET Q q 0 0 0 rg BT 512.24 641.50 Td (, ) Tj ET Q q 0 0 0 rg BT 516.16 641.50 Td (SLO, ) Tj ET Q q 0 0 0 rg BT 535.20 641.50 Td (which ) Tj ET Q q 0 0 0 rg BT 556.67 641.50 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 631.90 Td (financed ) Tj ET Q q 0 0 0 rg BT 79.98 631.90 Td (through ) Tj ET Q q 0 0 0 rg BT 107.32 631.90 Td (a ) Tj ET Q q 0 0 0 rg BT 113.31 631.90 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 153.53 631.90 Td (television ) Tj ET Q q 0 0 0 rg BT 187.08 631.90 Td (license ) Tj ET Q q 0 0 0 rg BT 211.74 631.90 Td (fee ) Tj ET Q q 0 0 0 rg BT 223.95 631.90 Td (and ) Tj ET Q q 0 0 0 rg BT 237.95 631.90 Td (commercial ) Tj ET Q q 0 0 0 rg BT 278.15 631.90 Td (activities, ) Tj ET Q q 0 0 0 rg BT 311.47 631.90 Td (is ) Tj ET Q q 0 0 0 rg BT 319.25 631.90 Td (allowed ) Tj ET Q q 0 0 0 rg BT 347.02 631.90 Td (to ) Tj ET Q q 0 0 0 rg BT 355.69 631.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 388.79 631.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 426.78 631.90 Td (for ) Tj ET Q q 0 0 0 rg BT 438.55 631.90 Td (up ) Tj ET Q q 0 0 0 rg BT 449.00 631.90 Td (to ) Tj ET Q q 0 0 0 rg BT 457.67 631.90 Td (10 ) Tj ET Q q 0 0 0 rg BT 468.11 631.90 Td (minutes ) Tj ET Q q 0 0 0 rg BT 495.89 631.90 Td (per ) Tj ET Q q 0 0 0 rg BT 508.55 631.90 Td (hour) Tj ET Q q 0 0 0 rg BT 522.89 631.90 Td (, ) Tj ET Q q 0 0 0 rg BT 527.34 631.90 Td (but ) Tj ET Q q 0 0 0 rg BT 540.01 631.90 Td (is ) Tj ET Q q 0 0 0 rg BT 547.79 631.90 Td (only ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.30 Td (permitted ) Tj ET Q q 0 0 0 rg BT 82.11 622.30 Td (up ) Tj ET Q q 0 0 0 rg BT 91.56 622.30 Td (to ) Tj ET Q q 0 0 0 rg BT 99.24 622.30 Td (7 ) Tj ET Q q 0 0 0 rg BT 104.69 622.30 Td (minutes ) Tj ET Q q 0 0 0 rg BT 131.47 622.30 Td (per ) Tj ET Q q 0 0 0 rg BT 143.14 622.30 Td (hour ) Tj ET Q q 0 0 0 rg BT 159.25 622.30 Td (between ) Tj ET Q q 0 0 0 rg BT 187.36 622.30 Td (the ) Tj ET Q q 0 0 0 rg BT 198.58 622.30 Td (hours ) Tj ET Q q 0 0 0 rg BT 217.81 622.30 Td (of ) Tj ET Q q 0 0 0 rg BT 225.93 622.30 Td (6:00 ) Tj ET Q q 0 0 0 rg BT 241.61 622.30 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 257.28 622.30 Td (and ) Tj ET Q q 0 0 0 rg BT 270.28 622.30 Td (1) Tj ET Q q 0 0 0 rg BT 273.99 622.30 Td (1:00 ) Tj ET Q q 0 0 0 rg BT 289.66 622.30 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 305.23 622.30 Td (There ) Tj ET Q q 0 0 0 rg BT 325.34 622.30 Td (are ) Tj ET Q q 0 0 0 rg BT 336.55 622.30 Td (also ) Tj ET Q q 0 0 0 rg BT 350.89 622.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 387.89 622.30 Td (on ) Tj ET Q q 0 0 0 rg BT 397.34 622.30 Td (the ) Tj ET Q q 0 0 0 rg BT 408.57 622.30 Td (frequency ) Tj ET Q q 0 0 0 rg BT 442.00 622.30 Td (of ) Tj ET Q q 0 0 0 rg BT 450.12 622.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 487.12 622.30 Td (breaks ) Tj ET Q q 0 0 0 rg BT 509.45 622.30 Td (during ) Tj ET Q q 0 0 0 rg BT 531.79 622.30 Td (programs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 612.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.25 612.70 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 100.50 612.70 Td (that ) Tj ET Q q 0 0 0 rg BT 114.20 612.70 Td (relate ) Tj ET Q q 0 0 0 rg BT 133.66 612.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.58 612.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 178.83 612.70 Td (content, ) Tj ET Q q 0 0 0 rg BT 206.08 612.70 Td (including ) Tj ET Q q 0 0 0 rg BT 238.00 612.70 Td (a ) Tj ET Q q 0 0 0 rg BT 243.25 612.70 Td (ban ) Tj ET Q q 0 0 0 rg BT 256.50 612.70 Td (on ) Tj ET Q q 0 0 0 rg BT 266.21 612.70 Td (tobacco ) Tj ET Q q 0 0 0 rg BT 292.78 612.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 330.03 612.70 Td (and ) Tj ET Q q 0 0 0 rg BT 343.28 612.70 Td (a ) Tj ET Q q 0 0 0 rg BT 348.53 612.70 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 385.79 612.70 Td (on ) Tj ET Q q 0 0 0 rg BT 395.49 612.70 Td (the ) Tj ET Q q 0 0 0 rg BT 406.96 612.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 444.21 612.70 Td (of ) Tj ET Q q 0 0 0 rg BT 452.58 612.70 Td (any ) Tj ET Q q 0 0 0 rg BT 465.83 612.70 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 496.85 612.70 Td (beverages ) Tj ET Q q 0 0 0 rg BT 530.53 612.70 Td (from ) Tj ET Q q 0 0 0 rg BT 547.79 612.70 Td (7:00 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.10 Td (a.m. ) Tj ET Q q 0 0 0 rg BT 65.38 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 73.21 603.10 Td (9:30 ) Tj ET Q q 0 0 0 rg BT 89.04 603.10 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 104.87 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.02 603.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 149.39 603.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.33 603.10 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 191.25 603.10 Td (beverages ) Tj ET Q q 0 0 0 rg BT 224.84 603.10 Td (with ) Tj ET Q q 0 0 0 rg BT 240.67 603.10 Td (an ) Tj ET Q q 0 0 0 rg BT 249.83 603.10 Td (alcoholic ) Tj ET Q q 0 0 0 rg BT 280.75 603.10 Td (content ) Tj ET Q q 0 0 0 rg BT 305.91 603.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.18 603.10 Td (more ) Tj ET Q q 0 0 0 rg BT 332.22 603.10 Td (than ) Tj ET Q q 0 0 0 rg BT 347.60 603.10 Td (15.0%. ) Tj ET Q q 0 0 0 rg BT 371.87 603.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 385.92 603.10 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 415.52 603.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 450.45 603.10 Td (are ) Tj ET Q q 0 0 0 rg BT 461.83 603.10 Td (required ) Tj ET Q q 0 0 0 rg BT 490.08 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.91 603.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 523.52 603.10 Td (with ) Tj ET Q q 0 0 0 rg BT 539.34 603.10 Td (several ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 593.50 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 87.99 593.50 Td (on ) Tj ET Q q 0 0 0 rg BT 98.43 593.50 Td (programming, ) Tj ET Q q 0 0 0 rg BT 146.42 593.50 Td (including ) Tj ET Q q 0 0 0 rg BT 179.08 593.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 217.07 593.50 Td (on ) Tj ET Q q 0 0 0 rg BT 227.51 593.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.73 593.50 Td (origin ) Tj ET Q q 0 0 0 rg BT 261.28 593.50 Td (of ) Tj ET Q q 0 0 0 rg BT 270.39 593.50 Td (programming. ) Tj ET Q q 0 0 0 rg BT 318.20 593.50 Td (These ) Tj ET Q q 0 0 0 rg BT 339.74 593.50 Td (include ) Tj ET Q q 0 0 0 rg BT 365.73 593.50 Td (the ) Tj ET Q q 0 0 0 rg BT 377.95 593.50 Td (requirement ) Tj ET Q q 0 0 0 rg BT 419.04 593.50 Td (that ) Tj ET Q q 0 0 0 rg BT 433.48 593.50 Td (20.0% ) Tj ET Q q 0 0 0 rg BT 456.59 593.50 Td (of ) Tj ET Q q 0 0 0 rg BT 465.69 593.50 Td (a ) Tj ET Q q 0 0 0 rg BT 471.69 593.50 Td (station's ) Tj ET Q q 0 0 0 rg BT 500.01 593.50 Td (daily ) Tj ET Q q 0 0 0 rg BT 518.45 593.50 Td (programming ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 583.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 74.44 583.90 Td (of ) Tj ET Q q 0 0 0 rg BT 83.31 583.90 Td (locally ) Tj ET Q q 0 0 0 rg BT 107.29 583.90 Td (produced ) Tj ET Q q 0 0 0 rg BT 139.27 583.90 Td (programming, ) Tj ET Q q 0 0 0 rg BT 187.03 583.90 Td (of ) Tj ET Q q 0 0 0 rg BT 195.91 583.90 Td (which ) Tj ET Q q 0 0 0 rg BT 217.67 583.90 Td (at ) Tj ET Q q 0 0 0 rg BT 225.66 583.90 Td (least ) Tj ET Q q 0 0 0 rg BT 242.53 583.90 Td (60 ) Tj ET Q q 0 0 0 rg BT 252.75 583.90 Td (minutes ) Tj ET Q q 0 0 0 rg BT 280.29 583.90 Td (must ) Tj ET Q q 0 0 0 rg BT 298.06 583.90 Td (be ) Tj ET Q q 0 0 0 rg BT 307.83 583.90 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 340.69 583.90 Td (between ) Tj ET Q q 0 0 0 rg BT 369.56 583.90 Td (6:00 ) Tj ET Q q 0 0 0 rg BT 385.99 583.90 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 402.43 583.90 Td (and ) Tj ET Q q 0 0 0 rg BT 416.19 583.90 Td (10:00 ) Tj ET Q q 0 0 0 rg BT 436.63 583.90 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 453.06 583.90 Td (In ) Tj ET Q q 0 0 0 rg BT 461.94 583.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 492.37 583.90 Td (50.0% ) Tj ET Q q 0 0 0 rg BT 515.25 583.90 Td (of ) Tj ET Q q 0 0 0 rg BT 524.13 583.90 Td (the ) Tj ET Q q 0 0 0 rg BT 536.11 583.90 Td (station's ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 574.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 73.08 574.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 105.48 574.30 Td (time ) Tj ET Q q 0 0 0 rg BT 121.46 574.30 Td (must ) Tj ET Q q 0 0 0 rg BT 138.77 574.30 Td (be ) Tj ET Q q 0 0 0 rg BT 148.07 574.30 Td (European-origin ) Tj ET Q q 0 0 0 rg BT 202.25 574.30 Td (audio-visual ) Tj ET Q q 0 0 0 rg BT 243.55 574.30 Td (works ) Tj ET Q q 0 0 0 rg BT 264.86 574.30 Td (and ) Tj ET Q q 0 0 0 rg BT 278.17 574.30 Td (at ) Tj ET Q q 0 0 0 rg BT 285.70 574.30 Td (least ) Tj ET Q q 0 0 0 rg BT 302.11 574.30 Td (10.0% ) Tj ET Q q 0 0 0 rg BT 324.53 574.30 Td (of ) Tj ET Q q 0 0 0 rg BT 332.95 574.30 Td (the ) Tj ET Q q 0 0 0 rg BT 344.47 574.30 Td (stations ) Tj ET Q q 0 0 0 rg BT 370.67 574.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 393.75 574.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 426.16 574.30 Td (time ) Tj ET Q q 0 0 0 rg BT 442.13 574.30 Td (must ) Tj ET Q q 0 0 0 rg BT 459.44 574.30 Td (be ) Tj ET Q q 0 0 0 rg BT 468.75 574.30 Td (European ) Tj ET Q q 0 0 0 rg BT 501.15 574.30 Td (audio-visual ) Tj ET Q q 0 0 0 rg BT 542.45 574.30 Td (works ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 564.70 Td (produced ) Tj ET Q q 0 0 0 rg BT 81.77 564.70 Td (by ) Tj ET Q q 0 0 0 rg BT 91.77 564.70 Td (independent ) Tj ET Q q 0 0 0 rg BT 132.86 564.70 Td (producers.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 83.11 546.10 Td (Regulation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.21 530.50 Td (license ) Tj ET Q q 0 0 0 rg BT 88.20 530.50 Td (granting ) Tj ET Q q 0 0 0 rg BT 116.64 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 129.96 530.50 Td (renewal ) Tj ET Q q 0 0 0 rg BT 157.06 530.50 Td (process ) Tj ET Q q 0 0 0 rg BT 182.83 530.50 Td (in ) Tj ET Q q 0 0 0 rg BT 190.83 530.50 Td (our ) Tj ET Q q 0 0 0 rg BT 203.27 530.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 235.25 530.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 266.35 530.50 Td (varies ) Tj ET Q q 0 0 0 rg BT 287.23 530.50 Td (by ) Tj ET Q q 0 0 0 rg BT 297.01 530.50 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 335.23 530.50 Td (and ) Tj ET Q q 0 0 0 rg BT 348.55 530.50 Td (by ) Tj ET Q q 0 0 0 rg BT 358.33 530.50 Td (type ) Tj ET Q q 0 0 0 rg BT 373.88 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 382.32 530.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 414.75 530.50 Td (permitted ) Tj ET Q q 0 0 0 rg BT 447.18 530.50 Td (by ) Tj ET Q q 0 0 0 rg BT 456.96 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 468.51 530.50 Td (license ) Tj ET Q q 0 0 0 rg BT 492.49 530.50 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 508.71 530.50 Td (cable, ) Tj ET Q q 0 0 0 rg BT 529.36 530.50 Td (terrestrial, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 520.90 Td (satellite\). ) Tj ET Q q 0 0 0 rg BT 81.26 520.90 Td (Depending ) Tj ET Q q 0 0 0 rg BT 118.09 520.90 Td (on ) Tj ET Q q 0 0 0 rg BT 127.81 520.90 Td (the ) Tj ET Q q 0 0 0 rg BT 139.30 520.90 Td (country) Tj ET Q q 0 0 0 rg BT 163.22 520.90 Td (, ) Tj ET Q q 0 0 0 rg BT 166.94 520.90 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 199.31 520.90 Td (licenses ) Tj ET Q q 0 0 0 rg BT 226.36 520.90 Td (may ) Tj ET Q q 0 0 0 rg BT 241.86 520.90 Td (be ) Tj ET Q q 0 0 0 rg BT 251.13 520.90 Td (valid ) Tj ET Q q 0 0 0 rg BT 268.85 520.90 Td (for ) Tj ET Q q 0 0 0 rg BT 279.90 520.90 Td (an ) Tj ET Q q 0 0 0 rg BT 289.17 520.90 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 321.55 520.90 Td (time ) Tj ET Q q 0 0 0 rg BT 337.49 520.90 Td (period, ) Tj ET Q q 0 0 0 rg BT 361.65 520.90 Td (may ) Tj ET Q q 0 0 0 rg BT 377.15 520.90 Td (be ) Tj ET Q q 0 0 0 rg BT 386.42 520.90 Td (renewed ) Tj ET Q q 0 0 0 rg BT 415.24 520.90 Td (automatically ) Tj ET Q q 0 0 0 rg BT 460.50 520.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 478.22 520.90 Td (application ) Tj ET Q q 0 0 0 rg BT 515.48 520.90 Td (or ) Tj ET Q q 0 0 0 rg BT 523.87 520.90 Td (may ) Tj ET Q q 0 0 0 rg BT 539.36 520.90 Td (require ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.30 Td (a ) Tj ET Q q 0 0 0 rg BT 55.81 511.30 Td (more ) Tj ET Q q 0 0 0 rg BT 74.50 511.30 Td (lengthy ) Tj ET Q q 0 0 0 rg BT 100.75 511.30 Td (renewal ) Tj ET Q q 0 0 0 rg BT 128.33 511.30 Td (procedure, ) Tj ET Q q 0 0 0 rg BT 164.57 511.30 Td (such ) Tj ET Q q 0 0 0 rg BT 181.49 511.30 Td (as ) Tj ET Q q 0 0 0 rg BT 190.41 511.30 Td (a ) Tj ET Q q 0 0 0 rg BT 196.21 511.30 Td (tender ) Tj ET Q q 0 0 0 rg BT 218.46 511.30 Td (process. ) Tj ET Q q 0 0 0 rg BT 246.71 511.30 Td (Generally ) Tj ET Q q 0 0 0 rg BT 280.50 511.30 Td (cable ) Tj ET Q q 0 0 0 rg BT 299.64 511.30 Td (and ) Tj ET Q q 0 0 0 rg BT 313.44 511.30 Td (satellite ) Tj ET Q q 0 0 0 rg BT 340.58 511.30 Td (licenses ) Tj ET Q q 0 0 0 rg BT 368.16 511.30 Td (are ) Tj ET Q q 0 0 0 rg BT 380.18 511.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 406.43 511.30 Td (or ) Tj ET Q q 0 0 0 rg BT 415.35 511.30 Td (renewed ) Tj ET Q q 0 0 0 rg BT 444.70 511.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 462.96 511.30 Td (application. ) Tj ET Q q 0 0 0 rg BT 502.59 511.30 Td (W) Tj ET Q q 0 0 0 rg BT 509.50 511.30 Td (e ) Tj ET Q q 0 0 0 rg BT 515.31 511.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 538.44 511.30 Td (each ) Tj ET Q q 0 0 0 rg BT 555.35 511.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.70 Td (our ) Tj ET Q q 0 0 0 rg BT 62.89 501.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 90.45 501.70 Td (to ) Tj ET Q q 0 0 0 rg BT 98.90 501.70 Td (be ) Tj ET Q q 0 0 0 rg BT 108.68 501.70 Td (renewed ) Tj ET Q q 0 0 0 rg BT 138.00 501.70 Td (or ) Tj ET Q q 0 0 0 rg BT 146.89 501.70 Td (new ) Tj ET Q q 0 0 0 rg BT 162.45 501.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 190.00 501.70 Td (to ) Tj ET Q q 0 0 0 rg BT 198.45 501.70 Td (be ) Tj ET Q q 0 0 0 rg BT 208.23 501.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 234.45 501.70 Td (as ) Tj ET Q q 0 0 0 rg BT 243.34 501.70 Td (required ) Tj ET Q q 0 0 0 rg BT 272.22 501.70 Td (to ) Tj ET Q q 0 0 0 rg BT 280.67 501.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.45 501.70 Td (to ) Tj ET Q q 0 0 0 rg BT 318.90 501.70 Td (operate ) Tj ET Q q 0 0 0 rg BT 344.67 501.70 Td (our ) Tj ET Q q 0 0 0 rg BT 357.56 501.70 Td (business. ) Tj ET Q q 0 0 0 rg BT 388.90 501.70 Td (In ) Tj ET Q q 0 0 0 rg BT 397.79 501.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 428.24 501.70 Td (as ) Tj ET Q q 0 0 0 rg BT 437.13 501.70 Td (our ) Tj ET Q q 0 0 0 rg BT 450.03 501.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 482.46 501.70 Td (countries ) Tj ET Q q 0 0 0 rg BT 514.02 501.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 546.46 501.70 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (analog ) Tj ET Q q 0 0 0 rg BT 73.56 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.02 492.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 104.70 492.10 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 137.59 492.10 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 182.70 492.10 Td (we ) Tj ET Q q 0 0 0 rg BT 194.27 492.10 Td (have ) Tj ET Q q 0 0 0 rg BT 211.61 492.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 237.39 492.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.96 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.75 492.10 Td (will ) Tj ET Q q 0 0 0 rg BT 277.43 492.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 307.22 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.68 492.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 335.69 492.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.26 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.05 492.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 383.28 492.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 405.96 492.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 433.52 492.10 Td (that ) Tj ET Q q 0 0 0 rg BT 447.76 492.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.76 492.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.00 492.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.46 492.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 531.79 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.69 492.10 Td (analog ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 482.50 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 79.18 482.50 Td (W) Tj ET Q q 0 0 0 rg BT 86.09 482.50 Td (e ) Tj ET Q q 0 0 0 rg BT 91.64 482.50 Td (will ) Tj ET Q q 0 0 0 rg BT 106.09 482.50 Td (also ) Tj ET Q q 0 0 0 rg BT 120.97 482.50 Td (apply ) Tj ET Q q 0 0 0 rg BT 140.75 482.50 Td (for ) Tj ET Q q 0 0 0 rg BT 152.07 482.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 186.07 482.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 208.51 482.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 235.83 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 249.38 482.50 Td (for ) Tj ET Q q 0 0 0 rg BT 260.71 482.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 288.04 482.50 Td (to ) Tj ET Q q 0 0 0 rg BT 296.26 482.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 321.80 482.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 344.24 482.50 Td (networks ) Tj ET Q q 0 0 0 rg BT 375.57 482.50 Td (where ) Tj ET Q q 0 0 0 rg BT 397.11 482.50 Td (such ) Tj ET Q q 0 0 0 rg BT 413.77 482.50 Td (applications ) Tj ET Q q 0 0 0 rg BT 454.43 482.50 Td (are ) Tj ET Q q 0 0 0 rg BT 466.20 482.50 Td (permissible ) Tj ET Q q 0 0 0 rg BT 505.08 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.63 482.50 Td (prudent.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 466.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.43 466.90 Td (transition ) Tj ET Q q 0 0 0 rg BT 96.65 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 104.87 466.90 Td (digital ) Tj ET Q q 0 0 0 rg BT 127.31 466.90 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 159.95 466.90 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 202.83 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 211.05 466.90 Td (each ) Tj ET Q q 0 0 0 rg BT 227.70 466.90 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 266.13 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 274.35 466.90 Td (which ) Tj ET Q q 0 0 0 rg BT 295.90 466.90 Td (we ) Tj ET Q q 0 0 0 rg BT 307.23 466.90 Td (operate ) Tj ET Q q 0 0 0 rg BT 332.76 466.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 364.52 466.90 Td (follows ) Tj ET Q q 0 0 0 rg BT 390.52 466.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 414.73 466.90 Td (stages, ) Tj ET Q q 0 0 0 rg BT 438.28 466.90 Td (although ) Tj ET Q q 0 0 0 rg BT 468.28 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 480.05 466.90 Td (approach ) Tj ET Q q 0 0 0 rg BT 511.36 466.90 Td (being ) Tj ET Q q 0 0 0 rg BT 531.13 466.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 556.67 466.90 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.30 Td (not ) Tj ET Q q 0 0 0 rg BT 62.16 457.30 Td (uniform. ) Tj ET Q q 0 0 0 rg BT 91.73 457.30 Td (T) Tj ET Q q 0 0 0 rg BT 96.06 457.30 Td (ypically) Tj ET Q q 0 0 0 rg BT 121.31 457.30 Td (, ) Tj ET Q q 0 0 0 rg BT 125.25 457.30 Td (legislation ) Tj ET Q q 0 0 0 rg BT 160.52 457.30 Td (governing ) Tj ET Q q 0 0 0 rg BT 194.90 457.30 Td (the ) Tj ET Q q 0 0 0 rg BT 206.61 457.30 Td (transition ) Tj ET Q q 0 0 0 rg BT 238.77 457.30 Td (to ) Tj ET Q q 0 0 0 rg BT 246.93 457.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 269.31 457.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 312.13 457.30 Td (is ) Tj ET Q q 0 0 0 rg BT 319.40 457.30 Td (adopted ) Tj ET Q q 0 0 0 rg BT 346.66 457.30 Td (addressing ) Tj ET Q q 0 0 0 rg BT 382.82 457.30 Td (the ) Tj ET Q q 0 0 0 rg BT 394.53 457.30 Td (licensing ) Tj ET Q q 0 0 0 rg BT 425.35 457.30 Td (of ) Tj ET Q q 0 0 0 rg BT 433.96 457.30 Td (operators ) Tj ET Q q 0 0 0 rg BT 465.66 457.30 Td (of ) Tj ET Q q 0 0 0 rg BT 474.27 457.30 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 457.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 508.36 457.30 Td (networks ) Tj ET Q q 0 0 0 rg BT 539.63 457.30 Td (as ) Tj ET Q q 0 0 0 rg BT 548.23 457.30 Td (well ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 447.70 Td (as ) Tj ET Q q 0 0 0 rg BT 59.08 447.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.26 447.70 Td (licensing ) Tj ET Q q 0 0 0 rg BT 102.55 447.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.63 447.70 Td (digital ) Tj ET Q q 0 0 0 rg BT 134.48 447.70 Td (broadcasters, ) Tj ET Q q 0 0 0 rg BT 178.87 447.70 Td (technical ) Tj ET Q q 0 0 0 rg BT 210.16 447.70 Td (parameters ) Tj ET Q q 0 0 0 rg BT 247.66 447.70 Td (concerning ) Tj ET Q q 0 0 0 rg BT 285.61 447.70 Td (the ) Tj ET Q q 0 0 0 rg BT 297.79 447.70 Td (allocation ) Tj ET Q q 0 0 0 rg BT 331.75 447.70 Td (of ) Tj ET Q q 0 0 0 rg BT 340.82 447.70 Td (frequencies ) Tj ET Q q 0 0 0 rg BT 380.10 447.70 Td (to ) Tj ET Q q 0 0 0 rg BT 388.73 447.70 Td (be ) Tj ET Q q 0 0 0 rg BT 398.69 447.70 Td (used ) Tj ET Q q 0 0 0 rg BT 415.77 447.70 Td (for ) Tj ET Q q 0 0 0 rg BT 427.51 447.70 Td (digital ) Tj ET Q q 0 0 0 rg BT 450.36 447.70 Td (services ) Tj ET Q q 0 0 0 rg BT 478.54 447.70 Td (\(including ) Tj ET Q q 0 0 0 rg BT 513.83 447.70 Td (those ) Tj ET Q q 0 0 0 rg BT 533.13 447.70 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (being ) Tj ET Q q 0 0 0 rg BT 69.51 438.10 Td (used ) Tj ET Q q 0 0 0 rg BT 85.92 438.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.99 438.10 Td (analog ) Tj ET Q q 0 0 0 rg BT 120.05 438.10 Td (services\), ) Tj ET Q q 0 0 0 rg BT 152.22 438.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 194.84 438.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 226.79 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.75 438.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.04 438.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 276.22 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.74 438.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 310.37 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.77 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.29 438.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 362.24 438.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 377.54 438.10 Td (ideally) Tj ET Q q 0 0 0 rg BT 398.79 438.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.53 438.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 435.81 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.78 438.10 Td (be ) Tj ET Q q 0 0 0 rg BT 453.07 438.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 478.35 438.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.32 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.83 438.10 Td (transition, ) Tj ET Q q 0 0 0 rg BT 531.79 438.10 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 428.50 Td (transparency ) Tj ET Q q 0 0 0 rg BT 92.54 428.50 Td (and ) Tj ET Q q 0 0 0 rg BT 105.77 428.50 Td (non-discrimination. ) Tj ET Q q 0 0 0 rg BT 170.32 428.50 Td (Generally) Tj ET Q q 0 0 0 rg BT 201.34 428.50 Td (, ) Tj ET Q q 0 0 0 rg BT 205.01 428.50 Td (the ) Tj ET Q q 0 0 0 rg BT 216.46 428.50 Td (legislation ) Tj ET Q q 0 0 0 rg BT 251.46 428.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 277.57 428.50 Td (to ) Tj ET Q q 0 0 0 rg BT 285.46 428.50 Td (the ) Tj ET Q q 0 0 0 rg BT 296.91 428.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 319.03 428.50 Td (transition ) Tj ET Q q 0 0 0 rg BT 350.92 428.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 380.14 428.50 Td (that ) Tj ET Q q 0 0 0 rg BT 393.81 428.50 Td (incumbent ) Tj ET Q q 0 0 0 rg BT 429.26 428.50 Td (analog ) Tj ET Q q 0 0 0 rg BT 452.26 428.50 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 493.91 428.50 Td (are ) Tj ET Q q 0 0 0 rg BT 505.35 428.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 531.02 428.50 Td (to ) Tj ET Q q 0 0 0 rg BT 538.91 428.50 Td (receive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 418.90 Td (a ) Tj ET Q q 0 0 0 rg BT 55.83 418.90 Td (digital ) Tj ET Q q 0 0 0 rg BT 78.55 418.90 Td (license ) Tj ET Q q 0 0 0 rg BT 103.04 418.90 Td (or ) Tj ET Q q 0 0 0 rg BT 111.98 418.90 Td (that ) Tj ET Q q 0 0 0 rg BT 126.25 418.90 Td (current ) Tj ET Q q 0 0 0 rg BT 151.19 418.90 Td (licenses ) Tj ET Q q 0 0 0 rg BT 178.79 418.90 Td (entitle ) Tj ET Q q 0 0 0 rg BT 201.06 418.90 Td (the ) Tj ET Q q 0 0 0 rg BT 213.11 418.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 238.94 418.90 Td (to ) Tj ET Q q 0 0 0 rg BT 247.44 418.90 Td (digital ) Tj ET Q q 0 0 0 rg BT 270.16 418.90 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 303.09 418.90 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 348.24 418.90 Td (although ) Tj ET Q q 0 0 0 rg BT 378.51 418.90 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 420.77 418.90 Td (in ) Tj ET Q q 0 0 0 rg BT 429.27 418.90 Td (a ) Tj ET Q q 0 0 0 rg BT 435.10 418.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 462.26 418.90 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 500.98 418.90 Td (may ) Tj ET Q q 0 0 0 rg BT 517.03 418.90 Td (be ) Tj ET Q q 0 0 0 rg BT 526.86 418.90 Td (required ) Tj ET Q q 0 0 0 rg BT 555.79 418.90 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 409.30 Td (formally ) Tj ET Q q 0 0 0 rg BT 79.40 409.30 Td (file ) Tj ET Q q 0 0 0 rg BT 91.91 409.30 Td (an ) Tj ET Q q 0 0 0 rg BT 101.32 409.30 Td (application ) Tj ET Q q 0 0 0 rg BT 138.71 409.30 Td (in ) Tj ET Q q 0 0 0 rg BT 146.79 409.30 Td (order ) Tj ET Q q 0 0 0 rg BT 165.52 409.30 Td (for ) Tj ET Q q 0 0 0 rg BT 176.70 409.30 Td (a ) Tj ET Q q 0 0 0 rg BT 182.10 409.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 204.40 409.30 Td (license ) Tj ET Q q 0 0 0 rg BT 228.46 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 236.53 409.30 Td (be ) Tj ET Q q 0 0 0 rg BT 245.94 409.30 Td (issued. ) Tj ET Q q 0 0 0 rg BT 269.79 409.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 284.08 409.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 311.26 409.30 Td (are ) Tj ET Q q 0 0 0 rg BT 322.88 409.30 Td (in ) Tj ET Q q 0 0 0 rg BT 330.95 409.30 Td (dif) Tj ET Q q 0 0 0 rg BT 339.70 409.30 Td (ferent ) Tj ET Q q 0 0 0 rg BT 360.20 409.30 Td (stages ) Tj ET Q q 0 0 0 rg BT 381.60 409.30 Td (in ) Tj ET Q q 0 0 0 rg BT 389.68 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 401.31 409.30 Td (digitalization ) Tj ET Q q 0 0 0 rg BT 445.37 409.30 Td (process. ) Tj ET Q q 0 0 0 rg BT 473.21 409.30 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 504.61 409.30 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 532.01 409.30 Td (Slovenia, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.41 399.70 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 85.27 399.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 115.79 399.70 Td (and ) Tj ET Q q 0 0 0 rg BT 128.98 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 140.39 399.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 162.01 399.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 192.53 399.70 Td (have ) Tj ET Q q 0 0 0 rg BT 209.27 399.70 Td (each ) Tj ET Q q 0 0 0 rg BT 225.56 399.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 260.52 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.93 399.70 Td (analog ) Tj ET Q q 0 0 0 rg BT 294.89 399.70 Td (switch-of) Tj ET Q q 0 0 0 rg BT 324.96 399.70 Td (f. ) Tj ET Q q 0 0 0 rg BT 331.26 399.70 Td (In ) Tj ET Q q 0 0 0 rg BT 339.56 399.70 Td (Romania ) Tj ET Q q 0 0 0 rg BT 370.08 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.49 399.70 Td (transition ) Tj ET Q q 0 0 0 rg BT 413.34 399.70 Td (to ) Tj ET Q q 0 0 0 rg BT 421.20 399.70 Td (digital ) Tj ET Q q 0 0 0 rg BT 443.28 399.70 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 485.79 399.70 Td (has ) Tj ET Q q 0 0 0 rg BT 498.09 399.70 Td (not ) Tj ET Q q 0 0 0 rg BT 509.95 399.70 Td (yet ) Tj ET Q q 0 0 0 rg BT 521.36 399.70 Td (commenced, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (however ) Tj ET Q q 0 0 0 rg BT 79.54 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.32 390.10 Td (country ) Tj ET Q q 0 0 0 rg BT 117.75 390.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 143.74 390.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 181.73 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.96 390.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 209.72 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.95 390.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 237.95 390.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 260.38 390.10 Td (see ) Tj ET Q q 0 0 0 rg BT 272.60 390.10 Td (below ) Tj ET Q q 0 0 0 rg BT 294.15 390.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.48 390.10 Td (more ) Tj ET Q q 0 0 0 rg BT 323.91 390.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 351.23 390.10 Td (information ) Tj ET Q q 0 0 0 rg BT 391.00 390.10 Td (on ) Tj ET Q q 0 0 0 rg BT 401.00 390.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 428.33 390.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.66 390.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.32 390.10 Td (channels.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 373.43359375 m 77.546875 373.43359375 l s q 0 0 0 rg BT 50.00 374.50 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.55 374.50 Td (: ) Tj ET Q q 0 0 0 rg BT 81.72 374.50 Td (Following ) Tj ET Q q 0 0 0 rg BT 116.56 374.50 Td (the ) Tj ET Q q 0 0 0 rg BT 128.28 374.50 Td (analog ) Tj ET Q q 0 0 0 rg BT 151.55 374.50 Td (switch-of) Tj ET Q q 0 0 0 rg BT 181.63 374.50 Td (f ) Tj ET Q q 0 0 0 rg BT 186.24 374.50 Td (in ) Tj ET Q q 0 0 0 rg BT 194.41 374.50 Td (September ) Tj ET Q q 0 0 0 rg BT 230.57 374.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 250.52 374.50 Td (BTV) Tj ET Q q 0 0 0 rg BT 266.37 374.50 Td ( ) Tj ET Q q 0 0 0 rg BT 268.32 374.50 Td (operates ) Tj ET Q q 0 0 0 rg BT 296.92 374.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 326.42 374.50 Td (to ) Tj ET Q q 0 0 0 rg BT 334.59 374.50 Td (a ) Tj ET Q q 0 0 0 rg BT 340.09 374.50 Td (national ) Tj ET Q q 0 0 0 rg BT 367.81 374.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 390.20 374.50 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 422.79 374.50 Td (license ) Tj ET Q q 0 0 0 rg BT 446.95 374.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 468.90 374.50 Td (by ) Tj ET Q q 0 0 0 rg BT 478.85 374.50 Td (the ) Tj ET Q q 0 0 0 rg BT 490.57 374.50 Td (Council ) Tj ET Q q 0 0 0 rg BT 517.85 374.50 Td (for ) Tj ET Q q 0 0 0 rg BT 529.13 374.50 Td (Electronic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 364.90 Td (Media, ) Tj ET Q q 0 0 0 rg BT 74.57 364.90 Td (the ) Tj ET Q q 0 0 0 rg BT 86.48 364.90 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 120.16 364.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 142.73 364.90 Td (Council, ) Tj ET Q q 0 0 0 rg BT 172.19 364.90 Td (that ) Tj ET Q q 0 0 0 rg BT 186.32 364.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 211.55 364.90 Td (in ) Tj ET Q q 0 0 0 rg BT 219.91 364.90 Td (July ) Tj ET Q q 0 0 0 rg BT 235.38 364.90 Td (2024. ) Tj ET Q q 0 0 0 rg BT 255.51 364.90 Td (BTV) Tj ET Q q 0 0 0 rg BT 271.37 364.90 Td ( ) Tj ET Q q 0 0 0 rg BT 273.03 364.90 Td (ACTION ) Tj ET Q q 0 0 0 rg BT 305.38 364.90 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 341.28 364.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 370.96 364.90 Td (to ) Tj ET Q q 0 0 0 rg BT 379.32 364.90 Td (a ) Tj ET Q q 0 0 0 rg BT 385.00 364.90 Td (national ) Tj ET Q q 0 0 0 rg BT 412.90 364.90 Td (cable ) Tj ET Q q 0 0 0 rg BT 431.91 364.90 Td (registration ) Tj ET Q q 0 0 0 rg BT 470.48 364.90 Td (that ) Tj ET Q q 0 0 0 rg BT 484.61 364.90 Td (is ) Tj ET Q q 0 0 0 rg BT 492.08 364.90 Td (valid ) Tj ET Q q 0 0 0 rg BT 510.21 364.90 Td (for ) Tj ET Q q 0 0 0 rg BT 521.67 364.90 Td (an ) Tj ET Q q 0 0 0 rg BT 531.35 364.90 Td (indefinite ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 355.30 Td (time ) Tj ET Q q 0 0 0 rg BT 66.35 355.30 Td (period ) Tj ET Q q 0 0 0 rg BT 88.92 355.30 Td (and ) Tj ET Q q 0 0 0 rg BT 102.60 355.30 Td (also ) Tj ET Q q 0 0 0 rg BT 117.61 355.30 Td (has ) Tj ET Q q 0 0 0 rg BT 130.41 355.30 Td (a ) Tj ET Q q 0 0 0 rg BT 136.09 355.30 Td (must-carry ) Tj ET Q q 0 0 0 rg BT 172.87 355.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 195.44 355.30 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 228.22 355.30 Td (license ) Tj ET Q q 0 0 0 rg BT 252.56 355.30 Td (that ) Tj ET Q q 0 0 0 rg BT 266.69 355.30 Td (expires ) Tj ET Q q 0 0 0 rg BT 291.92 355.30 Td (in ) Tj ET Q q 0 0 0 rg BT 300.27 355.30 Td (January ) Tj ET Q q 0 0 0 rg BT 327.28 355.30 Td (2025. ) Tj ET Q q 0 0 0 rg BT 347.41 355.30 Td (BTV) Tj ET Q q 0 0 0 rg BT 363.26 355.30 Td ( ) Tj ET Q q 0 0 0 rg BT 365.39 355.30 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 401.08 355.30 Td (BTV) Tj ET Q q 0 0 0 rg BT 416.93 355.30 Td ( ) Tj ET Q q 0 0 0 rg BT 419.06 355.30 Td (COMEDY) Tj ET Q q 0 0 0 rg BT 452.70 355.30 Td (, ) Tj ET Q q 0 0 0 rg BT 456.83 355.30 Td (RING.BG ) Tj ET Q q 0 0 0 rg BT 491.63 355.30 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 355.30 Td (BTV) Tj ET Q q 0 0 0 rg BT 521.17 355.30 Td ( ) Tj ET Q q 0 0 0 rg BT 523.29 355.30 Td (LADY) Tj ET Q q 0 0 0 rg BT 545.22 355.30 Td ( ) Tj ET Q q 0 0 0 rg BT 547.35 355.30 Td (each ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 345.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 82.31 345.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 111.51 345.70 Td (to ) Tj ET Q q 0 0 0 rg BT 119.39 345.70 Td (a ) Tj ET Q q 0 0 0 rg BT 124.60 345.70 Td (national ) Tj ET Q q 0 0 0 rg BT 152.02 345.70 Td (cable ) Tj ET Q q 0 0 0 rg BT 170.55 345.70 Td (registration ) Tj ET Q q 0 0 0 rg BT 208.64 345.70 Td (that ) Tj ET Q q 0 0 0 rg BT 222.29 345.70 Td (is ) Tj ET Q q 0 0 0 rg BT 229.28 345.70 Td (valid ) Tj ET Q q 0 0 0 rg BT 246.94 345.70 Td (for ) Tj ET Q q 0 0 0 rg BT 257.92 345.70 Td (an ) Tj ET Q q 0 0 0 rg BT 267.13 345.70 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 299.44 345.70 Td (time ) Tj ET Q q 0 0 0 rg BT 315.31 345.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 339.40 345.70 Td (RING.BG+1 ) Tj ET Q q 0 0 0 rg BT 382.24 345.70 Td (and ) Tj ET Q q 0 0 0 rg BT 395.44 345.70 Td (BTV) Tj ET Q q 0 0 0 rg BT 411.30 345.70 Td ( ) Tj ET Q q 0 0 0 rg BT 412.96 345.70 Td (LADY+1 ) Tj ET Q q 0 0 0 rg BT 445.34 345.70 Td (each ) Tj ET Q q 0 0 0 rg BT 461.65 345.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 493.96 345.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 523.16 345.70 Td (to ) Tj ET Q q 0 0 0 rg BT 531.04 345.70 Td (a ) Tj ET Q q 0 0 0 rg BT 536.25 345.70 Td (national ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 72.44 336.10 Td (license ) Tj ET Q q 0 0 0 rg BT 96.65 336.10 Td (that ) Tj ET Q q 0 0 0 rg BT 110.65 336.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 135.75 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.97 336.10 Td (June ) Tj ET Q q 0 0 0 rg BT 160.64 336.10 Td (2025 ) Tj ET Q q 0 0 0 rg BT 178.64 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.19 336.10 Td (June ) Tj ET Q q 0 0 0 rg BT 208.85 336.10 Td (2028, ) Tj ET Q q 0 0 0 rg BT 228.85 336.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 266.98 336.10 Td (. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 319.43359375 m 73.546875 319.43359375 l s q 0 0 0 rg BT 50.00 320.50 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.55 320.50 Td (: ) Tj ET Q q 0 0 0 rg BT 78.08 320.50 Td (NOV) Tj ET Q q 0 0 0 rg BT 94.38 320.50 Td (A) Tj ET Q q 0 0 0 rg BT 99.72 320.50 Td ( ) Tj ET Q q 0 0 0 rg BT 101.87 320.50 Td (TV) Tj ET Q q 0 0 0 rg BT 112.39 320.50 Td ( ) Tj ET Q q 0 0 0 rg BT 114.70 320.50 Td (\(Croatia\) ) Tj ET Q q 0 0 0 rg BT 145.89 320.50 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 181.97 320.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 211.84 320.50 Td (to ) Tj ET Q q 0 0 0 rg BT 220.37 320.50 Td (a ) Tj ET Q q 0 0 0 rg BT 226.24 320.50 Td (national ) Tj ET Q q 0 0 0 rg BT 254.32 320.50 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 287.29 320.50 Td (license ) Tj ET Q q 0 0 0 rg BT 311.81 320.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 338.11 320.50 Td (by ) Tj ET Q q 0 0 0 rg BT 348.43 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.52 320.50 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 390.38 320.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 413.13 320.50 Td (Council, ) Tj ET Q q 0 0 0 rg BT 442.78 320.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.86 320.50 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 490.05 320.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 512.80 320.50 Td (Council, ) Tj ET Q q 0 0 0 rg BT 542.45 320.50 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 310.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 74.71 310.90 Td (in ) Tj ET Q q 0 0 0 rg BT 82.18 310.90 Td (April ) Tj ET Q q 0 0 0 rg BT 100.68 310.90 Td (2025. ) Tj ET Q q 0 0 0 rg BT 120.28 310.90 Td (DOMA) Tj ET Q q 0 0 0 rg BT 144.29 310.90 Td ( ) Tj ET Q q 0 0 0 rg BT 145.89 310.90 Td (\(Croatia\) ) Tj ET Q q 0 0 0 rg BT 176.37 310.90 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 211.75 310.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 240.90 310.90 Td (to ) Tj ET Q q 0 0 0 rg BT 248.73 310.90 Td (a ) Tj ET Q q 0 0 0 rg BT 253.89 310.90 Td (national ) Tj ET Q q 0 0 0 rg BT 281.27 310.90 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 313.52 310.90 Td (license ) Tj ET Q q 0 0 0 rg BT 337.34 310.90 Td (that 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301.30 Td (. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 284.63359375 m 101.0234375 284.63359375 l s q 0 0 0 rg BT 50.00 285.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 72.14 285.70 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.02 285.70 Td (: ) Tj ET Q q 0 0 0 rg BT 105.40 285.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 119.99 285.70 Td (channels ) Tj ET Q q 0 0 0 rg BT 150.13 285.70 Td (in ) Tj ET Q q 0 0 0 rg BT 158.51 285.70 Td (the ) Tj ET Q q 0 0 0 rg BT 170.43 285.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 192.57 285.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 223.61 285.70 Td (operate ) Tj ET Q q 0 0 0 rg BT 249.30 285.70 Td (under ) Tj ET Q q 0 0 0 rg BT 269.67 285.70 Td (a ) Tj ET Q q 0 0 0 rg BT 275.37 285.70 Td (variety ) Tj ET Q q 0 0 0 rg BT 299.73 285.70 Td (of ) Tj ET Q q 0 0 0 rg BT 308.55 285.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 336.03 285.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 362.17 285.70 Td (by ) Tj ET Q q 0 0 0 rg BT 372.32 285.70 Td (the ) Tj ET Q q 0 0 0 rg BT 384.25 285.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 406.39 285.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 437.42 285.70 Td (Media ) Tj ET Q q 0 0 0 rg BT 460.01 285.70 Td (Council, ) Tj ET Q q 0 0 0 rg BT 489.34 285.70 Td (The ) Tj ET Q q 0 0 0 rg BT 503.93 285.70 Td (Council ) Tj ET Q q 0 0 0 rg BT 531.41 285.70 Td (for ) Tj ET Q q 0 0 0 rg BT 542.90 285.70 Td (Radio ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 62.98 276.10 Td (T) Tj ET Q q 0 0 0 rg BT 67.31 276.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 97.73 276.10 Td (Broadcasting. ) Tj ET Q q 0 0 0 rg BT 143.36 276.10 Td (TV) Tj ET Q q 0 0 0 rg BT 153.88 276.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.42 276.10 Td (NOV) Tj ET Q q 0 0 0 rg BT 171.72 276.10 Td (A) Tj ET Q q 0 0 0 rg BT 177.06 276.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.60 276.10 Td (\(Czech ) Tj ET Q q 0 0 0 rg BT 202.79 276.10 Td (Republic\) ) Tj ET Q q 0 0 0 rg BT 235.87 276.10 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 271.18 276.10 Td (under ) Tj ET Q q 0 0 0 rg BT 290.93 276.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.02 276.10 Td (national ) Tj ET Q q 0 0 0 rg BT 323.33 276.10 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 355.51 276.10 Td (license ) Tj ET Q q 0 0 0 rg BT 379.26 276.10 Td (that ) Tj ET Q q 0 0 0 rg BT 392.79 276.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 417.43 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.20 276.10 Td (January ) Tj ET Q q 0 0 0 rg BT 451.61 276.10 Td (2025. ) Tj ET Q q 0 0 0 rg BT 471.04 276.10 Td (TV) Tj ET Q q 0 0 0 rg BT 481.56 276.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.10 276.10 Td (NOV) Tj ET Q q 0 0 0 rg BT 499.40 276.10 Td (A) Tj ET Q q 0 0 0 rg BT 504.73 276.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.27 276.10 Td (\(Czech ) Tj ET Q q 0 0 0 rg BT 530.46 276.10 Td (Republic\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 266.50 Td (may ) Tj ET Q q 0 0 0 rg BT 65.65 266.50 Td (also ) Tj ET Q q 0 0 0 rg BT 80.42 266.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 112.95 266.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 142.38 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 150.48 266.50 Td (a ) Tj ET Q q 0 0 0 rg BT 155.90 266.50 Td (satellite ) Tj ET Q q 0 0 0 rg BT 182.66 266.50 Td (license ) Tj ET Q q 0 0 0 rg BT 206.75 266.50 Td (that ) Tj ET Q q 0 0 0 rg BT 220.62 266.50 Td (expires ) Tj ET Q q 0 0 0 rg BT 245.60 266.50 Td (in ) Tj ET Q q 0 0 0 rg BT 253.70 266.50 Td (December ) Tj ET Q q 0 0 0 rg BT 288.45 266.50 Td (2020. ) Tj ET Q q 0 0 0 rg BT 308.33 266.50 Td (NOV) Tj ET Q q 0 0 0 rg BT 324.63 266.50 Td (A) Tj ET Q q 0 0 0 rg BT 329.96 266.50 Td ( ) Tj ET Q q 0 0 0 rg BT 331.84 266.50 Td (CINEMA) Tj ET Q q 0 0 0 rg BT 362.96 266.50 Td ( ) Tj ET Q q 0 0 0 rg BT 364.83 266.50 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 400.48 266.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 429.91 266.50 Td (to ) Tj ET Q q 0 0 0 rg BT 438.01 266.50 Td (a ) Tj ET Q q 0 0 0 rg BT 443.43 266.50 Td (national ) Tj ET Q q 0 0 0 rg BT 471.08 266.50 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 503.61 266.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 525.93 266.50 Td (license ) Tj ET Q q 0 0 0 rg BT 550.02 266.50 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 256.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 75.37 256.90 Td (in ) Tj ET Q q 0 0 0 rg BT 83.85 256.90 Td (2023. ) Tj ET Q q 0 0 0 rg BT 104.12 256.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 120.42 256.90 Td (A) Tj ET Q q 0 0 0 rg BT 125.75 256.90 Td ( ) Tj ET Q q 0 0 0 rg BT 128.02 256.90 Td (CINEMA) Tj ET Q q 0 0 0 rg BT 159.13 256.90 Td ( ) Tj ET Q q 0 0 0 rg BT 161.39 256.90 Td (also ) Tj ET Q q 0 0 0 rg BT 176.54 256.90 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 212.57 256.90 Td (via ) Tj ET Q q 0 0 0 rg BT 224.61 256.90 Td (satellite ) Tj ET Q q 0 0 0 rg BT 251.75 256.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 281.57 256.90 Td (to ) Tj ET Q q 0 0 0 rg BT 290.05 256.90 Td (a ) Tj ET Q q 0 0 0 rg BT 295.87 256.90 Td (license ) Tj ET Q q 0 0 0 rg BT 320.34 256.90 Td (that ) Tj ET Q q 0 0 0 rg BT 334.60 256.90 Td (is ) Tj ET Q q 0 0 0 rg BT 342.20 256.90 Td (valid ) Tj ET Q q 0 0 0 rg BT 360.46 256.90 Td (until ) Tj ET Q q 0 0 0 rg BT 377.39 256.90 Td (November ) Tj ET Q q 0 0 0 rg BT 413.42 256.90 Td (2019. ) Tj ET Q q 0 0 0 rg BT 433.69 256.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 449.99 256.90 Td (A) Tj ET Q q 0 0 0 rg BT 455.32 256.90 Td ( ) Tj ET Q q 0 0 0 rg BT 457.59 256.90 Td (SPOR) Tj ET Q q 0 0 0 rg BT 477.12 256.90 Td (T) Tj ET Q q 0 0 0 rg BT 481.86 256.90 Td ( ) Tj ET Q q 0 0 0 rg BT 484.12 256.90 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 520.15 256.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 549.97 256.90 Td (to ) Tj ET Q q 0 0 0 rg BT 558.45 256.90 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 247.30 Td (license ) Tj ET Q q 0 0 0 rg BT 74.45 247.30 Td (that ) Tj ET Q q 0 0 0 rg BT 88.69 247.30 Td (allows ) Tj ET Q q 0 0 0 rg BT 111.82 247.30 Td (for ) Tj ET Q q 0 0 0 rg BT 123.39 247.30 Td (both ) Tj ET Q q 0 0 0 rg BT 139.86 247.30 Td (satellite ) Tj ET Q q 0 0 0 rg BT 166.98 247.30 Td (and ) Tj ET Q q 0 0 0 rg BT 180.78 247.30 Td (cable ) Tj ET Q q 0 0 0 rg BT 199.89 247.30 Td (transmission ) Tj ET Q q 0 0 0 rg BT 242.58 247.30 Td (that ) Tj ET Q q 0 0 0 rg BT 256.82 247.30 Td (expires ) Tj ET Q q 0 0 0 rg BT 282.17 247.30 Td (in ) Tj ET Q q 0 0 0 rg BT 290.63 247.30 Td (October ) Tj ET Q q 0 0 0 rg BT 318.64 247.30 Td (2020. ) Tj ET Q q 0 0 0 rg BT 338.88 247.30 Td (F) Tj ET Q q 0 0 0 rg BT 342.74 247.30 Td (ANDA) Tj ET Q q 0 0 0 rg BT 365.41 247.30 Td ( ) Tj ET Q q 0 0 0 rg BT 367.65 247.30 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 403.66 247.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 433.45 247.30 Td (to ) Tj ET Q q 0 0 0 rg BT 441.92 247.30 Td (a ) Tj ET Q q 0 0 0 rg BT 447.71 247.30 Td (satellite ) Tj ET Q q 0 0 0 rg BT 474.84 247.30 Td (license ) Tj ET Q q 0 0 0 rg BT 499.29 247.30 Td (that ) Tj ET Q q 0 0 0 rg BT 513.53 247.30 Td (expires ) Tj ET Q q 0 0 0 rg BT 538.87 247.30 Td (in ) Tj ET Q q 0 0 0 rg BT 547.34 247.30 Td (June ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 237.70 Td (2024 ) Tj ET Q q 0 0 0 rg BT 67.90 237.70 Td (and ) Tj ET Q q 0 0 0 rg BT 81.34 237.70 Td (a ) Tj ET Q q 0 0 0 rg BT 86.79 237.70 Td (national ) Tj ET Q q 0 0 0 rg BT 114.45 237.70 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 147.00 237.70 Td (license ) Tj ET Q q 0 0 0 rg BT 171.10 237.70 Td (that ) Tj ET Q q 0 0 0 rg BT 185.00 237.70 Td (expires ) Tj ET Q q 0 0 0 rg BT 209.99 237.70 Td (in ) Tj ET Q q 0 0 0 rg BT 217.69 237.70 Td (August ) Tj ET Q q 0 0 0 rg BT 242.70 237.70 Td (2023. ) Tj ET Q q 0 0 0 rg BT 262.60 237.70 Td (SMICHOV) Tj ET Q q 0 0 0 rg BT 299.35 237.70 Td ( ) Tj ET Q q 0 0 0 rg BT 301.24 237.70 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 336.90 237.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 366.35 237.70 Td (to ) Tj ET Q q 0 0 0 rg BT 374.47 237.70 Td (a ) Tj ET Q q 0 0 0 rg BT 379.91 237.70 Td (national ) Tj ET Q q 0 0 0 rg BT 407.58 237.70 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 440.12 237.70 Td (license ) Tj ET Q q 0 0 0 rg BT 464.23 237.70 Td (that ) Tj ET Q q 0 0 0 rg BT 478.12 237.70 Td (expires ) Tj ET Q q 0 0 0 rg BT 503.12 237.70 Td (in ) Tj ET Q q 0 0 0 rg BT 511.24 237.70 Td (December ) Tj ET Q q 0 0 0 rg BT 546.00 237.70 Td (2024 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.24 228.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.49 228.10 Td (satellite ) Tj ET Q q 0 0 0 rg BT 95.06 228.10 Td (license ) Tj ET Q q 0 0 0 rg BT 118.96 228.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.65 228.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 157.44 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.36 228.10 Td (February ) Tj ET Q q 0 0 0 rg BT 195.93 228.10 Td (2025. ) Tj ET Q q 0 0 0 rg BT 215.50 228.10 Td (TELKA) Tj ET Q q 0 0 0 rg BT 241.27 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.97 228.10 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 278.42 228.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 307.67 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.58 228.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.83 228.10 Td (national ) Tj ET Q q 0 0 0 rg BT 348.29 228.10 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 380.63 228.10 Td (license ) Tj ET Q q 0 0 0 rg BT 404.53 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.77 228.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.02 228.10 Td (satellite ) Tj ET Q q 0 0 0 rg BT 449.59 228.10 Td (license ) Tj ET Q q 0 0 0 rg BT 473.49 228.10 Td (that ) Tj ET Q q 0 0 0 rg BT 487.18 228.10 Td (each ) Tj ET Q q 0 0 0 rg BT 503.53 228.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 525.21 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.12 228.10 Td (February ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 218.50 Td (2025.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 201.83359374999998 m 78.8828125 201.83359374999998 l s q 0 0 0 rg BT 50.00 202.90 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.88 202.90 Td (: ) Tj ET Q q 0 0 0 rg BT 83.32 202.90 Td (PRO ) Tj ET Q q 0 0 0 rg BT 100.94 202.90 Td (TV) Tj ET Q q 0 0 0 rg BT 111.46 202.90 Td ( ) Tj ET Q q 0 0 0 rg BT 113.67 202.90 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 149.65 202.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 179.42 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 187.86 202.90 Td (a ) Tj ET Q q 0 0 0 rg BT 193.62 202.90 Td (network ) Tj ET Q q 0 0 0 rg BT 222.05 202.90 Td (of ) Tj ET Q q 0 0 0 rg BT 230.93 202.90 Td (regional ) Tj ET Q q 0 0 0 rg BT 259.36 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 273.12 202.90 Td (local ) Tj ET Q q 0 0 0 rg BT 290.88 202.90 Td (analog ) Tj ET Q q 0 0 0 rg BT 314.42 202.90 Td (licenses ) Tj ET Q q 0 0 0 rg BT 341.96 202.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 368.16 202.90 Td (by ) Tj ET Q q 0 0 0 rg BT 378.38 202.90 Td (the ) Tj ET Q q 0 0 0 rg BT 390.37 202.90 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 425.46 202.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 448.12 202.90 Td (Council, ) Tj ET Q q 0 0 0 rg BT 477.66 202.90 Td (the ) Tj ET Q q 0 0 0 rg BT 489.65 202.90 Td (National ) Tj ET Q q 0 0 0 rg BT 518.93 202.90 Td (Audio-V) Tj ET Q q 0 0 0 rg BT 546.89 202.90 Td (isual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 193.30 Td (Council. ) Tj ET Q q 0 0 0 rg BT 79.26 193.30 Td (PRO ) Tj ET Q q 0 0 0 rg BT 96.62 193.30 Td (TV) Tj ET Q q 0 0 0 rg BT 107.14 193.30 Td ( ) Tj ET Q q 0 0 0 rg BT 109.07 193.30 Td (also ) Tj ET Q q 0 0 0 rg BT 123.89 193.30 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 159.59 193.30 Td (using ) Tj ET Q q 0 0 0 rg BT 178.86 193.30 Td (a ) Tj ET Q q 0 0 0 rg BT 184.34 193.30 Td (national ) Tj ET Q q 0 0 0 rg BT 212.04 193.30 Td (satellite ) Tj ET Q q 0 0 0 rg BT 238.86 193.30 Td (license. ) Tj ET Q q 0 0 0 rg BT 265.00 193.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 279.37 193.30 Td (other ) Tj ET Q q 0 0 0 rg BT 297.74 193.30 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 332.56 193.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 362.48 193.30 Td (\(ACASA, ) Tj ET Q q 0 0 0 rg BT 395.77 193.30 Td (ACASA) Tj ET Q q 0 0 0 rg BT 422.44 193.30 Td ( ) Tj ET Q q 0 0 0 rg BT 424.38 193.30 Td (GOLD, ) Tj ET Q q 0 0 0 rg BT 450.53 193.30 Td (PRO ) Tj ET Q q 0 0 0 rg BT 468.02 193.30 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 503.51 193.30 Td (SPOR) Tj ET Q q 0 0 0 rg BT 523.04 193.30 Td (T) Tj ET Q q 0 0 0 rg BT 527.33 193.30 Td (.RO, ) Tj ET Q q 0 0 0 rg BT 544.38 193.30 Td (MTV) Tj ET Q q 0 0 0 rg BT 562.01 193.30 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 183.70 Td (ROMANIA) Tj ET Q q 0 0 0 rg BT 87.78 183.70 Td ( ) Tj ET Q q 0 0 0 rg BT 89.47 183.70 Td (and ) Tj ET Q q 0 0 0 rg BT 102.70 183.70 Td (PRO ) Tj ET Q q 0 0 0 rg BT 119.83 183.70 Td (TV) Tj ET Q q 0 0 0 rg BT 130.35 183.70 Td ( ) Tj ET Q q 0 0 0 rg BT 132.03 183.70 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 166.25 183.70 Td (TIONAL\) ) Tj ET Q q 0 0 0 rg BT 200.37 183.70 Td (each ) Tj ET Q q 0 0 0 rg BT 216.70 183.70 Td (has ) Tj ET Q q 0 0 0 rg BT 229.05 183.70 Td (a ) Tj ET Q q 0 0 0 rg BT 234.29 183.70 Td (national ) Tj ET Q q 0 0 0 rg BT 261.74 183.70 Td (satellite ) Tj ET Q q 0 0 0 rg BT 288.31 183.70 Td (license. ) Tj ET Q q 0 0 0 rg BT 314.20 183.70 Td (Licenses ) Tj ET Q q 0 0 0 rg BT 343.87 183.70 Td (for ) Tj ET Q q 0 0 0 rg BT 354.89 183.70 Td (our ) Tj ET Q q 0 0 0 rg BT 367.24 183.70 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 401.80 183.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 436.81 183.70 Td (expire ) Tj ET Q q 0 0 0 rg BT 458.48 183.70 Td (on ) Tj ET Q q 0 0 0 rg BT 468.17 183.70 Td (dates ) Tj ET Q q 0 0 0 rg BT 486.29 183.70 Td (ranging ) Tj ET Q q 0 0 0 rg BT 512.41 183.70 Td (from ) Tj ET Q q 0 0 0 rg BT 529.65 183.70 Td (May ) Tj ET Q q 0 0 0 rg BT 546.00 183.70 Td (2014 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.56 174.10 Td (July ) Tj ET Q q 0 0 0 rg BT 74.22 174.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 92.56 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.44 174.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.54 174.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 147.97 174.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 166.30 174.10 Td (application ) Tj ET Q q 0 0 0 rg BT 204.18 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.73 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.84 174.10 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 260.05 174.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 282.82 174.10 Td (Council. ) Tj ET Q q 0 0 0 rg BT 312.49 174.10 Td (From ) Tj ET Q q 0 0 0 rg BT 332.16 174.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 352.49 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.60 174.10 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 399.81 174.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 422.58 174.10 Td (Council ) Tj ET Q q 0 0 0 rg BT 450.25 174.10 Td (may ) Tj ET Q q 0 0 0 rg BT 466.36 174.10 Td (only ) Tj ET Q q 0 0 0 rg BT 482.91 174.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 506.57 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.67 174.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 545.45 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.45 174.10 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 164.50 Td (analog ) Tj ET Q q 0 0 0 rg BT 73.52 164.50 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 106.37 164.50 Td (license ) Tj ET Q q 0 0 0 rg BT 130.77 164.50 Td (until ) Tj ET Q q 0 0 0 rg BT 147.64 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 159.61 164.50 Td (date ) Tj ET Q q 0 0 0 rg BT 175.13 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.99 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 195.96 164.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 218.59 164.50 Td (switchover) Tj ET Q q 0 0 0 rg BT 253.38 164.50 Td (, ) Tj ET Q q 0 0 0 rg BT 257.57 164.50 Td (which ) Tj ET Q q 0 0 0 rg BT 279.32 164.50 Td (is ) Tj ET Q q 0 0 0 rg BT 286.85 164.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 317.47 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 325.89 164.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 345.85 164.50 Td (in ) Tj ET Q q 0 0 0 rg BT 354.27 164.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 374.47 164.50 Td (PRO ) Tj ET Q q 0 0 0 rg BT 392.07 164.50 Td (TV) Tj ET Q q 0 0 0 rg BT 402.59 164.50 Td ( ) Tj ET Q q 0 0 0 rg BT 404.79 164.50 Td (and ) Tj ET Q q 0 0 0 rg BT 418.53 164.50 Td (SPOR) Tj ET Q q 0 0 0 rg BT 438.06 164.50 Td (T) Tj ET Q q 0 0 0 rg BT 442.36 164.50 Td (.RO ) Tj ET Q q 0 0 0 rg BT 457.67 164.50 Td (also ) Tj ET Q q 0 0 0 rg BT 472.75 164.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 505.60 164.50 Td (in ) Tj ET Q q 0 0 0 rg BT 514.02 164.50 Td (high-definition ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 79.79 154.90 Td (to ) Tj ET Q q 0 0 0 rg BT 88.26 154.90 Td (experimental ) Tj ET Q q 0 0 0 rg BT 132.25 154.90 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 165.14 154.90 Td (licenses ) Tj ET Q q 0 0 0 rg BT 192.71 154.90 Td (that ) Tj ET Q q 0 0 0 rg BT 206.95 154.90 Td (are ) Tj ET Q q 0 0 0 rg BT 218.95 154.90 Td (valid ) Tj ET Q q 0 0 0 rg BT 237.19 154.90 Td (until ) Tj ET Q q 0 0 0 rg BT 254.10 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 266.12 154.90 Td (digital ) Tj ET Q q 0 0 0 rg BT 288.80 154.90 Td (switchover) Tj ET Q q 0 0 0 rg BT 323.46 154.90 Td (. ) Tj ET Q q 0 0 0 rg BT 327.20 154.90 Td (ACASA) Tj ET Q q 0 0 0 rg BT 353.88 154.90 Td ( ) Tj ET Q q 0 0 0 rg BT 356.12 154.90 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 392.13 154.90 Td (in ) Tj ET Q q 0 0 0 rg BT 400.59 154.90 Td (high-definition ) Tj ET Q q 0 0 0 rg BT 450.83 154.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 480.62 154.90 Td (to ) Tj ET Q q 0 0 0 rg BT 489.08 154.90 Td (a ) Tj ET Q q 0 0 0 rg BT 494.87 154.90 Td (written ) Tj ET Q q 0 0 0 rg BT 519.77 154.90 Td (consent ) Tj ET Q q 0 0 0 rg BT 546.45 154.90 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.73 145.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 84.13 145.30 Td (Council ) Tj ET Q q 0 0 0 rg BT 111.41 145.30 Td (and ) Tj ET Q q 0 0 0 rg BT 124.49 145.30 Td (ACASA) Tj ET Q q 0 0 0 rg BT 151.17 145.30 Td ( ) Tj ET Q q 0 0 0 rg BT 153.12 145.30 Td (GOLD ) Tj ET Q q 0 0 0 rg BT 177.30 145.30 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 213.02 145.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 242.53 145.30 Td (to ) Tj ET Q q 0 0 0 rg BT 250.71 145.30 Td (a ) Tj ET Q q 0 0 0 rg BT 256.22 145.30 Td (national ) Tj ET Q q 0 0 0 rg BT 283.94 145.30 Td (satellite ) Tj ET Q q 0 0 0 rg BT 310.78 145.30 Td (license ) Tj ET Q q 0 0 0 rg BT 334.95 145.30 Td (that ) Tj ET Q q 0 0 0 rg BT 348.90 145.30 Td (expires ) Tj ET Q q 0 0 0 rg BT 373.96 145.30 Td (in ) Tj ET Q q 0 0 0 rg BT 381.71 145.30 Td (April ) Tj ET Q q 0 0 0 rg BT 400.55 145.30 Td (2021. ) Tj ET Q q 0 0 0 rg BT 420.51 145.30 Td (PRO ) Tj ET Q q 0 0 0 rg BT 437.88 145.30 Td (TV) Tj ET Q q 0 0 0 rg BT 448.40 145.30 Td ( ) Tj ET Q q 0 0 0 rg BT 450.36 145.30 Td (CHISINAU ) Tj ET Q q 0 0 0 rg BT 490.54 145.30 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 526.26 145.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 555.77 145.30 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.70 Td (an ) Tj ET Q q 0 0 0 rg BT 59.87 135.70 Td (analog ) Tj ET Q q 0 0 0 rg BT 83.52 135.70 Td (license ) Tj ET Q q 0 0 0 rg BT 108.05 135.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 134.36 135.70 Td (by ) Tj ET Q q 0 0 0 rg BT 144.68 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 156.26 135.70 Td (Audio-V) Tj ET Q q 0 0 0 rg BT 184.22 135.70 Td (isual ) Tj ET Q q 0 0 0 rg BT 201.65 135.70 Td (Coordinating ) Tj ET Q q 0 0 0 rg BT 246.19 135.70 Td (Council ) Tj ET Q q 0 0 0 rg BT 273.85 135.70 Td (of ) Tj ET Q q 0 0 0 rg BT 282.83 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 294.93 135.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 326.13 135.70 Td (of ) Tj ET Q q 0 0 0 rg BT 335.12 135.70 Td (Moldova ) Tj ET Q q 0 0 0 rg BT 366.33 135.70 Td (that ) Tj ET Q q 0 0 0 rg BT 380.64 135.70 Td (expires ) Tj ET Q q 0 0 0 rg BT 406.07 135.70 Td (in ) Tj ET Q q 0 0 0 rg BT 414.61 135.70 Td (September ) Tj ET Q q 0 0 0 rg BT 451.14 135.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 469.46 135.70 Td (and ) Tj ET Q q 0 0 0 rg BT 482.82 135.70 Td (ACASA) Tj ET Q q 0 0 0 rg BT 509.50 135.70 Td ( ) Tj ET Q q 0 0 0 rg BT 511.82 135.70 Td (IN ) Tj ET Q q 0 0 0 rg BT 522.58 135.70 Td (MOLDOV) Tj ET Q q 0 0 0 rg BT 556.66 135.70 Td (A) Tj ET Q q 0 0 0 rg BT 562.00 135.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (broadcasts ) Tj ET Q q 0 0 0 rg BT 85.77 126.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 115.32 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.54 126.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.09 126.10 Td (cable ) Tj ET Q q 0 0 0 rg BT 147.96 126.10 Td (license ) Tj ET Q q 0 0 0 rg BT 172.18 126.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.17 126.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 211.27 126.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.50 126.10 Td (December ) Tj ET Q q 0 0 0 rg BT 254.36 126.10 Td (2017.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 109.43359375 m 102.107421875 109.43359375 l s q 0 0 0 rg BT 50.00 110.50 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 73.22 110.50 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.11 110.50 Td (: ) Tj ET Q q 0 0 0 rg BT 105.26 110.50 Td (TV) Tj ET Q q 0 0 0 rg BT 115.78 110.50 Td ( ) Tj ET Q q 0 0 0 rg BT 116.78 110.50 Td (MARKIZA, ) Tj ET Q q 0 0 0 rg BT 157.12 110.50 Td (DOMA) Tj ET Q q 0 0 0 rg BT 181.12 110.50 Td ( ) Tj ET Q q 0 0 0 rg BT 182.12 110.50 Td (\(Slovak ) Tj ET Q q 0 0 0 rg BT 208.01 110.50 Td (Republic\) ) Tj ET Q q 0 0 0 rg BT 240.56 110.50 Td (and ) Tj ET Q q 0 0 0 rg BT 253.11 110.50 Td (DAJT) Tj ET Q q 0 0 0 rg BT 272.52 110.50 Td (O ) Tj ET Q q 0 0 0 rg BT 279.30 110.50 Td (each ) Tj ET Q q 0 0 0 rg BT 294.96 110.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 326.61 110.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 355.16 110.50 Td (to ) Tj ET Q q 0 0 0 rg BT 362.39 110.50 Td (a ) Tj ET Q q 0 0 0 rg BT 366.94 110.50 Td (national ) Tj ET Q q 0 0 0 rg BT 393.71 110.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 415.15 110.50 Td (license ) Tj ET Q q 0 0 0 rg BT 438.37 110.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 463.36 110.50 Td (by ) Tj ET Q q 0 0 0 rg BT 472.36 110.50 Td (the ) Tj ET Q q 0 0 0 rg BT 483.13 110.50 Td (Council ) Tj ET Q q 0 0 0 rg BT 509.47 110.50 Td (for ) Tj ET Q q 0 0 0 rg BT 519.80 110.50 Td (Broadcasting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 100.90 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 100.90 Td (Retransmission, ) Tj ET Q q 0 0 0 rg BT 116.88 100.90 Td (the ) Tj ET Q q 0 0 0 rg BT 128.66 100.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 151.09 100.90 Td (Council ) Tj ET Q q 0 0 0 rg BT 178.43 100.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.09 100.90 Td (the ) Tj ET Q q 0 0 0 rg BT 198.86 100.90 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 223.09 100.90 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 255.97 100.90 Td (which ) Tj ET Q q 0 0 0 rg BT 277.52 100.90 Td (is ) Tj ET Q q 0 0 0 rg BT 284.86 100.90 Td (valid ) Tj ET Q q 0 0 0 rg BT 302.85 100.90 Td (for ) Tj ET Q q 0 0 0 rg BT 314.18 100.90 Td (an ) Tj ET Q q 0 0 0 rg BT 323.73 100.90 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 356.39 100.90 Td (period. ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 50 84.23359374999995 m 77.99609375 84.23359374999995 l s q 0 0 0 rg BT 50.00 85.30 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.00 85.30 Td (: ) Tj ET Q q 0 0 0 rg BT 82.28 85.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 96.79 85.30 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 130.84 85.30 Td (channels ) Tj ET Q q 0 0 0 rg BT 160.89 85.30 Td (POP) Tj ET Q q 0 0 0 rg BT 175.27 85.30 Td ( ) Tj ET Q q 0 0 0 rg BT 177.19 85.30 Td (TV) Tj ET Q q 0 0 0 rg BT 186.82 85.30 Td (, ) Tj ET Q q 0 0 0 rg BT 190.88 85.30 Td (KANAL) Tj ET Q q 0 0 0 rg BT 218.58 85.30 Td ( ) Tj ET Q q 0 0 0 rg BT 220.19 85.30 Td (A, ) Tj ET Q q 0 0 0 rg BT 230.03 85.30 Td (KINO, ) Tj ET Q q 0 0 0 rg BT 254.09 85.30 Td (BRIO ) Tj ET Q q 0 0 0 rg BT 275.26 85.30 Td (and ) Tj ET Q q 0 0 0 rg BT 288.88 85.30 Td (OT) Tj ET Q q 0 0 0 rg BT 299.40 85.30 Td (O ) Tj ET Q q 0 0 0 rg BT 307.24 85.30 Td (each ) Tj ET Q q 0 0 0 rg BT 323.95 85.30 Td (have ) Tj ET Q q 0 0 0 rg BT 341.11 85.30 Td (licenses ) Tj ET Q q 0 0 0 rg BT 368.50 85.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 394.55 85.30 Td (by ) Tj ET Q q 0 0 0 rg BT 404.61 85.30 Td (the ) Tj ET Q q 0 0 0 rg BT 416.45 85.30 Td (Post ) Tj ET Q q 0 0 0 rg BT 432.30 85.30 Td (and ) Tj ET Q q 0 0 0 rg BT 445.91 85.30 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 480.85 85.30 Td (Communications ) Tj ET Q q 0 0 0 rg BT 537.12 85.30 Td (Agency ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 75.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.99 75.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.08 75.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 102.29 75.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.28 75.70 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 143.60 75.70 Td (the ) Tj ET Q q 0 0 0 rg BT 155.69 75.70 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 186.01 75.70 Td (Media ) Tj ET Q q 0 0 0 rg BT 208.77 75.70 Td (Council, ) Tj ET Q q 0 0 0 rg BT 238.43 75.70 Td (that ) Tj ET Q q 0 0 0 rg BT 252.75 75.70 Td (allow ) Tj ET Q q 0 0 0 rg BT 272.84 75.70 Td (for ) Tj ET Q q 0 0 0 rg BT 284.50 75.70 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 327.69 75.70 Td (on ) Tj ET Q q 0 0 0 rg BT 338.02 75.70 Td (any ) Tj ET Q q 0 0 0 rg BT 351.89 75.70 Td (platform, ) Tj ET Q q 0 0 0 rg BT 383.76 75.70 Td (including ) Tj ET Q q 0 0 0 rg BT 416.30 75.70 Td (digital, ) Tj ET Q q 0 0 0 rg BT 441.07 75.70 Td (cable ) Tj ET Q q 0 0 0 rg BT 460.27 75.70 Td (and ) Tj ET Q q 0 0 0 rg BT 474.14 75.70 Td (satellite. ) Tj ET Q q 0 0 0 rg BT 503.17 75.70 Td (These ) Tj ET Q q 0 0 0 rg BT 524.60 75.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 552.25 75.70 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (valid ) Tj ET Q q 0 0 0 rg BT 68.00 66.10 Td (for ) Tj ET Q q 0 0 0 rg BT 79.32 66.10 Td (an ) Tj ET Q q 0 0 0 rg BT 88.88 66.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 121.53 66.10 Td (time ) Tj ET Q q 0 0 0 rg BT 137.75 66.10 Td (period. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 80.89 743.60 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 119.41 743.60 Td (TION) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 725.00 Td (Employees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 709.40 Td (As ) Tj ET Q q 0 0 0 rg BT 61.46 709.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.70 709.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 118.14 709.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.14 709.40 Td (, ) Tj ET Q q 0 0 0 rg BT 138.71 709.40 Td (we ) Tj ET Q q 0 0 0 rg BT 150.61 709.40 Td (had ) Tj ET Q q 0 0 0 rg BT 164.73 709.40 Td (a ) Tj ET Q q 0 0 0 rg BT 170.85 709.40 Td (total ) Tj ET Q q 0 0 0 rg BT 187.64 709.40 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 709.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 245.65 709.40 Td (3,900 ) Tj ET Q q 0 0 0 rg BT 266.23 709.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 303.01 709.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 338.46 709.40 Td (contractors\). ) Tj ET Q q 0 0 0 rg BT 381.24 709.40 Td (None ) Tj ET Q q 0 0 0 rg BT 401.14 709.40 Td (of ) Tj ET Q q 0 0 0 rg BT 410.37 709.40 Td (our ) Tj ET Q q 0 0 0 rg BT 423.61 709.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 460.39 709.40 Td (or ) Tj ET Q q 0 0 0 rg BT 469.62 709.40 Td (the ) Tj ET Q q 0 0 0 rg BT 481.97 709.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 518.75 709.40 Td (of ) Tj ET Q q 0 0 0 rg BT 527.99 709.40 Td (any ) Tj ET Q q 0 0 0 rg BT 542.11 709.40 Td (of ) Tj ET Q q 0 0 0 rg BT 551.34 709.40 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 89.77 699.80 Td (are ) Tj ET Q q 0 0 0 rg BT 101.54 699.80 Td (covered ) Tj ET Q q 0 0 0 rg BT 128.86 699.80 Td (by ) Tj ET Q q 0 0 0 rg BT 138.86 699.80 Td (a ) Tj ET Q q 0 0 0 rg BT 144.41 699.80 Td (collective ) Tj ET Q q 0 0 0 rg BT 177.50 699.80 Td (bar) Tj ET Q q 0 0 0 rg BT 187.57 699.80 Td (gaining ) Tj ET Q q 0 0 0 rg BT 213.57 699.80 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 250.73 699.80 Td (W) Tj ET Q q 0 0 0 rg BT 257.64 699.80 Td (e ) Tj ET Q q 0 0 0 rg BT 263.20 699.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 288.29 699.80 Td (that ) Tj ET Q q 0 0 0 rg BT 302.29 699.80 Td (our ) Tj ET Q q 0 0 0 rg BT 314.95 699.80 Td (relations ) Tj ET Q q 0 0 0 rg BT 344.50 699.80 Td (with ) Tj ET Q q 0 0 0 rg BT 360.72 699.80 Td (our ) Tj ET Q q 0 0 0 rg BT 373.39 699.80 Td (employees ) Tj ET Q q 0 0 0 rg BT 409.60 699.80 Td (are ) Tj ET Q q 0 0 0 rg BT 421.36 699.80 Td (good.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 681.20 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 87.54 681.20 Td (Information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 665.60 Td (CME ) Tj ET Q q 0 0 0 rg BT 69.89 665.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 85.55 665.60 Td (was ) Tj ET Q q 0 0 0 rg BT 100.55 665.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 143.53 665.60 Td (in ) Tj ET Q q 0 0 0 rg BT 152.30 665.60 Td (1994 ) Tj ET Q q 0 0 0 rg BT 170.86 665.60 Td (under ) Tj ET Q q 0 0 0 rg BT 191.63 665.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.95 665.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 221.17 665.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.39 665.60 Td (Bermuda. ) Tj ET Q q 0 0 0 rg BT 264.27 665.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 279.26 665.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 313.35 665.60 Td (of) Tj ET Q q 0 0 0 rg BT 319.87 665.60 Td (fices ) Tj ET Q q 0 0 0 rg BT 337.53 665.60 Td (are ) Tj ET Q q 0 0 0 rg BT 349.85 665.60 Td (located ) Tj ET Q q 0 0 0 rg BT 375.50 665.60 Td (at ) Tj ET Q q 0 0 0 rg BT 383.83 665.60 Td (O'Hara ) Tj ET Q q 0 0 0 rg BT 409.14 665.60 Td (House, ) Tj ET Q q 0 0 0 rg BT 434.14 665.60 Td (3 ) Tj ET Q q 0 0 0 rg BT 440.69 665.60 Td (Bermudiana ) Tj ET Q q 0 0 0 rg BT 482.34 665.60 Td (Road, ) Tj ET Q q 0 0 0 rg BT 503.78 665.60 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 536.56 665.60 Td (HM ) Tj ET Q q 0 0 0 rg BT 552.00 665.60 Td (08, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 656.00 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 83.24 656.00 Td (and ) Tj ET Q q 0 0 0 rg BT 96.70 656.00 Td (our ) Tj ET Q q 0 0 0 rg BT 109.28 656.00 Td (telephone ) Tj ET Q q 0 0 0 rg BT 142.29 656.00 Td (number ) Tj ET Q q 0 0 0 rg BT 168.63 656.00 Td (is ) Tj ET Q q 0 0 0 rg BT 175.88 656.00 Td (+1-441-296-1431. ) Tj ET Q q 0 0 0 rg BT 236.30 656.00 Td (Communications ) Tj ET Q q 0 0 0 rg BT 292.88 656.00 Td (can ) Tj ET Q q 0 0 0 rg BT 305.89 656.00 Td (also ) Tj ET Q q 0 0 0 rg BT 320.69 656.00 Td (be ) Tj ET Q q 0 0 0 rg BT 330.15 656.00 Td (sent ) Tj ET Q q 0 0 0 rg BT 344.95 656.00 Td (c/o ) Tj ET Q q 0 0 0 rg BT 356.63 656.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 375.88 656.00 Td (Media ) Tj ET Q q 0 0 0 rg BT 398.23 656.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 427.25 656.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 442.27 656.00 Td (at ) Tj ET Q q 0 0 0 rg BT 449.95 656.00 Td (Krizeneckeho ) Tj ET Q q 0 0 0 rg BT 496.28 656.00 Td (nam. ) Tj ET Q q 0 0 0 rg BT 513.97 656.00 Td (1078/5, ) Tj ET Q q 0 0 0 rg BT 540.10 656.00 Td (152 ) Tj ET Q q 0 0 0 rg BT 554.02 656.00 Td (00 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 646.40 Td (Praha ) Tj ET Q q 0 0 0 rg BT 70.41 646.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 78.60 646.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 100.77 646.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 133.85 646.40 Td (telephone ) Tj ET Q q 0 0 0 rg BT 167.14 646.40 Td (number ) Tj ET Q q 0 0 0 rg BT 193.76 646.40 Td (+420-242-465-525. ) Tj ET Q q 0 0 0 rg BT 258.46 646.40 Td (CME's ) Tj ET Q q 0 0 0 rg BT 282.54 646.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 301.58 646.40 Td (A) Tj ET Q q 0 0 0 rg BT 306.92 646.40 Td ( ) Tj ET Q q 0 0 0 rg BT 309.11 646.40 Td (common ) Tj ET Q q 0 0 0 rg BT 339.29 646.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 358.37 646.40 Td (is ) Tj ET Q q 0 0 0 rg BT 365.90 646.40 Td (listed ) Tj ET Q q 0 0 0 rg BT 385.42 646.40 Td (on ) Tj ET Q q 0 0 0 rg BT 395.61 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 407.58 646.40 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 443.10 646.40 Td (Global ) Tj ET Q q 0 0 0 rg BT 467.07 646.40 Td (Select ) Tj ET Q q 0 0 0 rg BT 488.80 646.40 Td (Market ) Tj ET Q q 0 0 0 rg BT 514.09 646.40 Td (and ) Tj ET Q q 0 0 0 rg BT 527.84 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 539.80 646.40 Td (Prague ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 636.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 70.22 636.80 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 103.76 636.80 Td (under ) Tj ET Q q 0 0 0 rg BT 123.98 636.80 Td (the ) Tj ET Q q 0 0 0 rg BT 135.75 636.80 Td (ticker ) Tj ET Q q 0 0 0 rg BT 155.96 636.80 Td (symbol ) Tj ET Q q 0 0 0 rg BT 181.52 636.80 Td (CETV.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 618.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 84.00 618.20 Td (Information ) Tj ET Q q 0 0 0 rg BT 127.78 618.20 Td (by ) Tj ET Q q 0 0 0 rg BT 138.23 618.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 175.34 618.20 Td (Segment ) Tj ET Q q 0 0 0 rg BT 206.67 618.20 Td (and ) Tj ET Q q 0 0 0 rg BT 221.57 618.20 Td (by ) Tj ET Q q 0 0 0 rg BT 232.02 618.20 Td (Geographical ) Tj ET Q q 0 0 0 rg BT 279.79 618.20 Td (Ar) Tj ET Q q 0 0 0 rg BT 288.98 618.20 Td (ea) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 602.60 Td (For ) Tj ET Q q 0 0 0 rg BT 63.11 602.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.10 602.60 Td (information ) Tj ET Q q 0 0 0 rg BT 132.87 602.60 Td (by ) Tj ET Q q 0 0 0 rg BT 142.87 602.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.08 602.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 203.74 602.60 Td (and ) Tj ET Q q 0 0 0 rg BT 217.29 602.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 254.83 602.60 Td (area, ) Tj ET Q q 0 0 0 rg BT 272.14 602.60 Td (see ) Tj ET Q q 0 0 0 rg BT 284.36 602.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 299.25 602.60 Td (II, ) Tj ET Q q 0 0 0 rg BT 308.57 602.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 325.23 602.60 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.23 602.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 350.79 602.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 362.79 602.60 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 396.05 602.60 Td (Data") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.41 602.60 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 584.00 Td (A) Tj ET Q q 0 0 0 rg BT 55.18 584.00 Td (vailable ) Tj ET Q q 0 0 0 rg BT 83.85 584.00 Td (Information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 568.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 568.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.55 568.40 Td (make ) Tj ET Q q 0 0 0 rg BT 81.97 568.40 Td (available, ) Tj ET Q q 0 0 0 rg BT 114.93 568.40 Td (free ) Tj ET Q q 0 0 0 rg BT 129.46 568.40 Td (of ) Tj ET Q q 0 0 0 rg BT 138.21 568.40 Td (char) Tj ET Q q 0 0 0 rg BT 151.83 568.40 Td (ge, ) Tj ET Q q 0 0 0 rg BT 163.48 568.40 Td (on ) Tj ET Q q 0 0 0 rg BT 173.57 568.40 Td (our ) Tj ET Q q 0 0 0 rg BT 186.33 568.40 Td (website ) Tj ET Q q 0 0 0 rg BT 212.86 568.40 Td (at ) Tj ET Q q 0 0 0 rg BT 220.72 568.40 Td (http://www) Tj ET Q q 0 0 0 rg BT 256.65 568.40 Td (.cme.net ) Tj ET Q q 0 0 0 rg BT 285.84 568.40 Td (our ) Tj ET Q q 0 0 0 rg BT 298.14 568.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 323.78 568.40 Td (Reports ) Tj ET Q q 0 0 0 rg BT 350.76 568.40 Td (on ) Tj ET Q q 0 0 0 rg BT 360.85 568.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 380.28 568.40 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 400.81 568.40 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 433.56 568.40 Td (Reports ) Tj ET Q q 0 0 0 rg BT 460.54 568.40 Td (on ) Tj ET Q q 0 0 0 rg BT 470.63 568.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 490.06 568.40 Td (10-Q, ) Tj ET Q q 0 0 0 rg BT 510.59 568.40 Td (Current ) Tj ET Q q 0 0 0 rg BT 537.13 568.40 Td (Reports ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 558.80 Td (on ) Tj ET Q q 0 0 0 rg BT 59.87 558.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 79.07 558.80 Td (8-K ) Tj ET Q q 0 0 0 rg BT 93.38 558.80 Td (and ) Tj ET Q q 0 0 0 rg BT 106.80 558.80 Td (amendments ) Tj ET Q q 0 0 0 rg BT 149.11 558.80 Td (to ) Tj ET Q q 0 0 0 rg BT 157.20 558.80 Td (those ) Tj ET Q q 0 0 0 rg BT 175.96 558.80 Td (reports ) Tj ET Q q 0 0 0 rg BT 200.04 558.80 Td (as ) Tj ET Q q 0 0 0 rg BT 208.57 558.80 Td (soon ) Tj ET Q q 0 0 0 rg BT 225.55 558.80 Td (as ) Tj ET Q q 0 0 0 rg BT 234.09 558.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 270.61 558.80 Td (practicable ) Tj ET Q q 0 0 0 rg BT 307.56 558.80 Td (after ) Tj ET Q q 0 0 0 rg BT 324.09 558.80 Td (we ) Tj ET Q q 0 0 0 rg BT 335.28 558.80 Td (electronically ) Tj ET Q q 0 0 0 rg BT 380.68 558.80 Td (file ) Tj ET Q q 0 0 0 rg BT 393.21 558.80 Td (such ) Tj ET Q q 0 0 0 rg BT 409.75 558.80 Td (material ) Tj ET Q q 0 0 0 rg BT 437.82 558.80 Td (with, ) Tj ET Q q 0 0 0 rg BT 455.91 558.80 Td (or ) Tj ET Q q 0 0 0 rg BT 464.45 558.80 Td (furnish ) Tj ET Q q 0 0 0 rg BT 488.98 558.80 Td (it ) Tj ET Q q 0 0 0 rg BT 495.29 558.80 Td (to, ) Tj ET Q q 0 0 0 rg BT 505.39 558.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.03 558.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 550.45 558.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 83.54 549.20 Td (Commission.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 524.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 67.99 524.00 Td (1A) Tj ET Q q 0 0 0 rg BT 77.33 524.00 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 524.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 112.56 524.00 Td (Factors) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 508.40 Td (This ) Tj ET Q q 0 0 0 rg BT 66.52 508.40 Td (report ) Tj ET Q q 0 0 0 rg BT 87.92 508.40 Td (and ) Tj ET Q q 0 0 0 rg BT 101.77 508.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.84 508.40 Td (following ) Tj ET Q q 0 0 0 rg BT 147.25 508.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 182.89 508.40 Td (of ) Tj ET Q q 0 0 0 rg BT 191.85 508.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 206.15 508.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 230.21 508.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 256.06 508.40 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 310.79 508.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 346.86 508.40 Td (as ) Tj ET Q q 0 0 0 rg BT 355.82 508.40 Td (discussed ) Tj ET Q q 0 0 0 rg BT 388.78 508.40 Td (on ) Tj ET Q q 0 0 0 rg BT 399.08 508.40 Td (page ) Tj ET Q q 0 0 0 rg BT 416.48 508.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 422.78 508.40 Td (of ) Tj ET Q q 0 0 0 rg BT 431.74 508.40 Td (this ) Tj ET Q q 0 0 0 rg BT 445.60 508.40 Td (report. ) Tj ET Q q 0 0 0 rg BT 469.00 508.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 483.74 508.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 505.14 508.40 Td (results ) Tj ET Q q 0 0 0 rg BT 528.32 508.40 Td (may ) Tj ET Q q 0 0 0 rg BT 544.39 508.40 Td (dif) Tj ET Q q 0 0 0 rg BT 553.14 508.40 Td (fer ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 498.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 84.99 498.80 Td (from ) Tj ET Q q 0 0 0 rg BT 103.10 498.80 Td (those ) Tj ET Q q 0 0 0 rg BT 122.54 498.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 160.20 498.80 Td (in ) Tj ET Q q 0 0 0 rg BT 168.98 498.80 Td (these ) Tj ET Q q 0 0 0 rg BT 187.97 498.80 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 242.96 498.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 279.29 498.80 Td (as ) Tj ET Q q 0 0 0 rg BT 288.51 498.80 Td (a ) Tj ET Q q 0 0 0 rg BT 294.62 498.80 Td (result ) Tj ET Q q 0 0 0 rg BT 314.95 498.80 Td (of ) Tj ET Q q 0 0 0 rg BT 324.18 498.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 348.50 498.80 Td (factors, ) Tj ET Q q 0 0 0 rg BT 374.82 498.80 Td (including ) Tj ET Q q 0 0 0 rg BT 407.60 498.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.93 498.80 Td (risks ) Tj ET Q q 0 0 0 rg BT 437.60 498.80 Td (and ) Tj ET Q q 0 0 0 rg BT 451.71 498.80 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 495.14 498.80 Td (described ) Tj ET Q q 0 0 0 rg BT 528.35 498.80 Td (below ) Tj ET Q q 0 0 0 rg BT 550.46 498.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 489.20 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 83.82 489.20 Td (in ) Tj ET Q q 0 0 0 rg BT 91.89 489.20 Td (this ) Tj ET Q q 0 0 0 rg BT 105.29 489.20 Td (report. ) Tj ET Q q 0 0 0 rg BT 128.10 489.20 Td (These ) Tj ET Q q 0 0 0 rg BT 149.05 489.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 166.01 489.20 Td (and ) Tj ET Q q 0 0 0 rg BT 179.40 489.20 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 222.12 489.20 Td (are ) Tj ET Q q 0 0 0 rg BT 233.73 489.20 Td (not ) Tj ET Q q 0 0 0 rg BT 245.79 489.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.41 489.20 Td (only ) Tj ET Q q 0 0 0 rg BT 273.48 489.20 Td (ones ) Tj ET Q q 0 0 0 rg BT 289.98 489.20 Td (we ) Tj ET Q q 0 0 0 rg BT 301.16 489.20 Td (may ) Tj ET Q q 0 0 0 rg BT 316.77 489.20 Td (face. ) Tj ET Q q 0 0 0 rg BT 333.53 489.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 369.59 489.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 386.55 489.20 Td (and ) Tj ET Q q 0 0 0 rg BT 399.94 489.20 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 442.66 489.20 Td (of ) Tj ET Q q 0 0 0 rg BT 451.16 489.20 Td (which ) Tj ET Q q 0 0 0 rg BT 472.56 489.20 Td (we ) Tj ET Q q 0 0 0 rg BT 483.73 489.20 Td (are ) Tj ET Q q 0 0 0 rg BT 495.34 489.20 Td (not ) Tj ET Q q 0 0 0 rg BT 507.41 489.20 Td (aware, ) Tj ET Q q 0 0 0 rg BT 530.34 489.20 Td (or ) Tj ET Q q 0 0 0 rg BT 538.85 489.20 Td (that ) Tj ET Q q 0 0 0 rg BT 552.69 489.20 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 479.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 80.88 479.60 Td (deem ) Tj ET Q q 0 0 0 rg BT 100.20 479.60 Td (immaterial, ) Tj ET Q q 0 0 0 rg BT 138.85 479.60 Td (may ) Tj ET Q q 0 0 0 rg BT 154.63 479.60 Td (also ) Tj ET Q q 0 0 0 rg BT 169.51 479.60 Td (become ) Tj ET Q q 0 0 0 rg BT 196.39 479.60 Td (important ) Tj ET Q q 0 0 0 rg BT 229.49 479.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 253.26 479.60 Td (that ) Tj ET Q q 0 0 0 rg BT 267.25 479.60 Td (af) Tj ET Q q 0 0 0 rg BT 273.32 479.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.31 479.60 Td (our ) Tj ET Q q 0 0 0 rg BT 299.98 479.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 329.96 479.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 364.18 479.60 Td (results ) Tj ET Q q 0 0 0 rg BT 387.07 479.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.73 479.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 431.05 479.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.61 479.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 460.82 479.60 Td (flows.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 461.00 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 124.30 461.00 Td ( Financial Position) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 442.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 442.40 Td (e continue to face significant liquidity constraints and require the closing of the financing transactions announced on ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 446.57 442.40 Td (February28, 2014) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 507.68 442.40 Td (, including the ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 432.80 Td (Rights Of) Tj ET Q q 0 0 0 rg BT 81.64 432.80 Td (fering and other transactions contemplated by the Framework ) Tj ET Q q 0 0 0 rg BT 288.02 432.80 Td (Agreement, or other additional external sources of capital, to fund our operations ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 423.20 Td (and for our debt service obligations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 407.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.58 407.60 Td (attempts ) Tj ET Q q 0 0 0 rg BT 93.83 407.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.19 407.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 130.53 407.60 Td (television ) Tj ET Q q 0 0 0 rg BT 163.78 407.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 201.46 407.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 222.70 407.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.07 407.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 249.21 407.60 Td (were ) Tj ET Q q 0 0 0 rg BT 266.89 407.60 Td (met ) Tj ET Q q 0 0 0 rg BT 281.02 407.60 Td (with ) Tj ET Q q 0 0 0 rg BT 297.39 407.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 333.30 407.60 Td (resistance ) Tj ET Q q 0 0 0 rg BT 366.97 407.60 Td (from ) Tj ET Q q 0 0 0 rg BT 384.67 407.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 408.57 407.60 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 445.36 407.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.05 407.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 488.73 407.60 Td (in ) Tj ET Q q 0 0 0 rg BT 497.09 407.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.00 407.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 531.13 407.60 Td (Republic. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 398.00 Td (This ) Tj ET Q q 0 0 0 rg BT 65.97 398.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 93.04 398.00 Td (in ) Tj ET Q q 0 0 0 rg BT 101.02 398.00 Td (a ) Tj ET Q q 0 0 0 rg BT 106.32 398.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 141.83 398.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 166.68 398.00 Td (in ) Tj ET Q q 0 0 0 rg BT 174.65 398.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 204.83 398.00 Td (for ) Tj ET Q q 0 0 0 rg BT 215.91 398.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 233.66 398.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 266.95 398.00 Td (to ) Tj ET Q q 0 0 0 rg BT 274.92 398.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 294.67 398.00 Td (Looking ) Tj ET Q q 0 0 0 rg BT 323.53 398.00 Td (forward, ) Tj ET Q q 0 0 0 rg BT 352.59 398.00 Td (we ) Tj ET Q q 0 0 0 rg BT 363.67 398.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 386.30 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 397.82 398.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 421.34 398.00 Td (of ) Tj ET Q q 0 0 0 rg BT 429.75 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 441.27 398.00 Td (challenging ) Tj ET Q q 0 0 0 rg BT 480.34 398.00 Td (environment ) Tj ET Q q 0 0 0 rg BT 522.52 398.00 Td (in ) Tj ET Q q 0 0 0 rg BT 530.50 398.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 398.00 Td (Czech ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 80.98 388.40 Td (to ) Tj ET Q q 0 0 0 rg BT 89.30 388.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 118.94 388.40 Td (as ) Tj ET Q q 0 0 0 rg BT 127.70 388.40 Td (we ) Tj ET Q q 0 0 0 rg BT 139.13 388.40 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 170.54 388.40 Td (to ) Tj ET Q q 0 0 0 rg BT 178.86 388.40 Td (attract ) Tj ET Q q 0 0 0 rg BT 200.94 388.40 Td (back ) Tj ET Q q 0 0 0 rg BT 218.14 388.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 255.78 388.40 Td (clients ) Tj ET Q q 0 0 0 rg BT 278.76 388.40 Td (while ) Tj ET Q q 0 0 0 rg BT 298.63 388.40 Td (continuing ) Tj ET Q q 0 0 0 rg BT 334.95 388.40 Td (to ) Tj ET Q q 0 0 0 rg BT 343.27 388.40 Td (seek ) Tj ET Q q 0 0 0 rg BT 359.58 388.40 Td (improvements ) Tj ET Q q 0 0 0 rg BT 407.45 388.40 Td (in ) Tj ET Q q 0 0 0 rg BT 415.76 388.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 440.52 388.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 474.16 388.40 Td (to ) Tj ET Q q 0 0 0 rg BT 482.48 388.40 Td (2012. ) Tj ET Q q 0 0 0 rg BT 502.42 388.40 Td (While ) Tj ET Q q 0 0 0 rg BT 524.07 388.40 Td (we ) Tj ET Q q 0 0 0 rg BT 535.49 388.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 558.46 388.40 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 378.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 85.90 378.80 Td (improvement ) Tj ET Q q 0 0 0 rg BT 130.69 378.80 Td (in ) Tj ET Q q 0 0 0 rg BT 139.04 378.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 161.16 378.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 198.84 378.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 229.40 378.80 Td (in ) Tj ET Q q 0 0 0 rg BT 237.76 378.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 257.89 378.80 Td (we ) Tj ET Q q 0 0 0 rg BT 269.35 378.80 Td (do ) Tj ET Q q 0 0 0 rg BT 279.48 378.80 Td (not ) Tj ET Q q 0 0 0 rg BT 291.84 378.80 Td (expect ) Tj ET Q q 0 0 0 rg BT 314.84 378.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 352.52 378.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 383.08 378.80 Td (in ) Tj ET Q q 0 0 0 rg BT 391.44 378.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.34 378.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 425.46 378.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 456.48 378.80 Td (to ) Tj ET Q q 0 0 0 rg BT 464.83 378.80 Td (reach ) Tj ET Q q 0 0 0 rg BT 484.28 378.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 502.41 378.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 523.21 378.80 Td (in ) Tj ET Q q 0 0 0 rg BT 531.56 378.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 551.54 378.80 Td (W) Tj ET Q q 0 0 0 rg BT 558.45 378.80 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 83.52 369.20 Td (a ) Tj ET Q q 0 0 0 rg BT 89.49 369.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 114.13 369.20 Td (trend ) Tj ET Q q 0 0 0 rg BT 133.00 369.20 Td (in ) Tj ET Q q 0 0 0 rg BT 141.64 369.20 Td (our ) Tj ET Q q 0 0 0 rg BT 154.73 369.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 197.59 369.20 Td (results ) Tj ET Q q 0 0 0 rg BT 220.90 369.20 Td (for ) Tj ET Q q 0 0 0 rg BT 232.65 369.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 253.07 369.20 Td (and ) Tj ET Q q 0 0 0 rg BT 267.05 369.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 290.35 369.20 Td (to ) Tj ET Q q 0 0 0 rg BT 298.99 369.20 Td (build ) Tj ET Q q 0 0 0 rg BT 317.86 369.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 336.29 369.20 Td (them ) Tj ET Q q 0 0 0 rg BT 354.71 369.20 Td (in ) Tj ET Q q 0 0 0 rg BT 363.35 369.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 383.78 369.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 398.64 369.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.05 369.20 Td (situation ) Tj ET Q q 0 0 0 rg BT 459.03 369.20 Td (in ) Tj ET Q q 0 0 0 rg BT 467.68 369.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 486.10 369.20 Td (was ) Tj ET Q q 0 0 0 rg BT 500.96 369.20 Td (also ) Tj ET Q q 0 0 0 rg BT 516.28 369.20 Td (impacted ) Tj ET Q q 0 0 0 rg BT 548.02 369.20 Td (by ) Tj ET Q q 0 0 0 rg BT 558.44 369.20 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 359.60 Td (further ) Tj ET Q q 0 0 0 rg BT 73.71 359.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 98.75 359.60 Td (in ) Tj ET Q q 0 0 0 rg BT 106.92 359.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 144.41 359.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 174.78 359.60 Td (in ) Tj ET Q q 0 0 0 rg BT 182.95 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.66 359.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 218.83 359.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 249.65 359.60 Td (due ) Tj ET Q q 0 0 0 rg BT 263.15 359.60 Td (to ) Tj ET Q q 0 0 0 rg BT 271.31 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 283.03 359.60 Td (reaction ) Tj ET Q q 0 0 0 rg BT 310.74 359.60 Td (to ) Tj ET Q q 0 0 0 rg BT 318.90 359.60 Td (our ) Tj ET Q q 0 0 0 rg BT 331.51 359.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 356.11 359.60 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 389.61 359.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.77 359.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.49 359.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 431.42 359.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 462.25 359.60 Td (from ) Tj ET Q q 0 0 0 rg BT 479.74 359.60 Td (clients ) Tj ET Q q 0 0 0 rg BT 502.57 359.60 Td (who ) Tj ET Q q 0 0 0 rg BT 518.29 359.60 Td (also ) Tj ET Q q 0 0 0 rg BT 533.12 359.60 Td (advertise ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 350.00 Td (in ) Tj ET Q q 0 0 0 rg BT 58.04 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.63 350.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 93.67 350.00 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 126.37 350.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 170.17 350.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 197.74 350.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 209.32 350.00 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 250.25 350.00 Td (in ) Tj ET Q q 0 0 0 rg BT 258.29 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.88 350.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 291.68 350.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 322.38 350.00 Td (during ) Tj ET Q q 0 0 0 rg BT 345.08 350.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 362.90 350.00 Td (did ) Tj ET Q q 0 0 0 rg BT 374.94 350.00 Td (not ) Tj ET Q q 0 0 0 rg BT 386.98 350.00 Td (advance ) Tj ET Q q 0 0 0 rg BT 415.00 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.04 350.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.63 350.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 455.99 350.00 Td (that ) Tj ET Q q 0 0 0 rg BT 469.80 350.00 Td (we ) Tj ET Q q 0 0 0 rg BT 480.95 350.00 Td (had ) Tj ET Q q 0 0 0 rg BT 494.31 350.00 Td (expected. ) Tj ET Q q 0 0 0 rg BT 526.15 350.00 Td (As ) Tj ET Q q 0 0 0 rg BT 536.86 350.00 Td (a ) Tj ET Q q 0 0 0 rg BT 542.23 350.00 Td (result, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.40 Td (we ) Tj ET Q q 0 0 0 rg BT 60.92 340.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 90.07 340.40 Td (to ) Tj ET Q q 0 0 0 rg BT 97.88 340.40 Td (take ) Tj ET Q q 0 0 0 rg BT 112.80 340.40 Td (actions ) Tj ET Q q 0 0 0 rg BT 137.06 340.40 Td (to ) Tj ET Q q 0 0 0 rg BT 144.88 340.40 Td (conserve ) Tj ET Q q 0 0 0 rg BT 174.90 340.40 Td (cash, ) Tj ET Q q 0 0 0 rg BT 192.71 340.40 Td (including ) Tj ET Q q 0 0 0 rg BT 224.53 340.40 Td (tar) Tj ET Q q 0 0 0 rg BT 232.82 340.40 Td (geted ) Tj ET Q q 0 0 0 rg BT 251.74 340.40 Td (reductions ) Tj ET Q q 0 0 0 rg BT 286.66 340.40 Td (to ) Tj ET Q q 0 0 0 rg BT 294.48 340.40 Td (our ) Tj ET Q q 0 0 0 rg BT 306.74 340.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.55 340.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 353.03 340.40 Td (base ) Tj ET Q q 0 0 0 rg BT 368.84 340.40 Td (through ) Tj ET Q q 0 0 0 rg BT 395.32 340.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 409.80 340.40 Td (optimization ) Tj ET Q q 0 0 0 rg BT 451.84 340.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 483.65 340.40 Td (and ) Tj ET Q q 0 0 0 rg BT 496.79 340.40 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 539.27 340.40 Td (ef) Tj ET Q q 0 0 0 rg BT 545.34 340.40 Td (forts, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 330.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.46 330.80 Td (deferral ) Tj ET Q q 0 0 0 rg BT 88.02 330.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.38 330.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 141.61 330.80 Td (commitments ) Tj ET Q q 0 0 0 rg BT 186.85 330.80 Td (and ) Tj ET Q q 0 0 0 rg BT 200.10 330.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.11 330.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 265.67 330.80 Td (and ) Tj ET Q q 0 0 0 rg BT 278.91 330.80 Td (the ) Tj ET Q q 0 0 0 rg BT 290.38 330.80 Td (deferral ) Tj ET Q q 0 0 0 rg BT 316.93 330.80 Td (or ) Tj ET Q q 0 0 0 rg BT 325.29 330.80 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 365.62 330.80 Td (of ) Tj ET Q q 0 0 0 rg BT 373.98 330.80 Td (development ) Tj ET Q q 0 0 0 rg BT 416.99 330.80 Td (projects. ) Tj ET Q q 0 0 0 rg BT 446.00 330.80 Td ( ) Tj ET Q q 0 0 0 rg BT 447.57 330.80 Td (W) Tj ET Q q 0 0 0 rg BT 454.48 330.80 Td (e ) Tj ET Q q 0 0 0 rg BT 459.72 330.80 Td (have ) Tj ET Q q 0 0 0 rg BT 476.52 330.80 Td (also ) Tj ET Q q 0 0 0 rg BT 491.09 330.80 Td (delayed ) Tj ET Q q 0 0 0 rg BT 517.66 330.80 Td (the ) Tj ET Q q 0 0 0 rg BT 529.12 330.80 Td (settlement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 321.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.87 321.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 88.63 321.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 126.39 321.20 Td (with ) Tj ET Q q 0 0 0 rg BT 142.82 321.20 Td (a ) Tj ET Q q 0 0 0 rg BT 148.58 321.20 Td (number ) Tj ET Q q 0 0 0 rg BT 175.22 321.20 Td (of ) Tj ET Q q 0 0 0 rg BT 184.10 321.20 Td (key ) Tj ET Q q 0 0 0 rg BT 197.86 321.20 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 230.95 321.20 Td (including ) Tj ET Q q 0 0 0 rg BT 263.38 321.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 296.25 321.20 Td (due ) Tj ET Q q 0 0 0 rg BT 310.00 321.20 Td (under ) Tj ET Q q 0 0 0 rg BT 330.43 321.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 361.51 321.20 Td (for ) Tj ET Q q 0 0 0 rg BT 373.05 321.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 402.79 321.20 Td (programming, ) Tj ET Q q 0 0 0 rg BT 450.55 321.20 Td (which ) Tj ET Q q 0 0 0 rg BT 472.31 321.20 Td (has ) Tj ET Q q 0 0 0 rg BT 485.18 321.20 Td (resulted ) Tj ET Q q 0 0 0 rg BT 512.71 321.20 Td (in ) Tj ET Q q 0 0 0 rg BT 521.14 321.20 Td (our ) Tj ET Q q 0 0 0 rg BT 534.01 321.20 Td (accounts ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 311.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 76.36 311.60 Td (and ) Tj ET Q q 0 0 0 rg BT 89.40 311.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 115.76 311.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 147.02 311.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 181.39 311.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.10 311.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.82 311.60 Td (296.4 ) Tj ET Q q 0 0 0 rg BT 224.30 311.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.42 311.60 Td ( ) Tj ET Q q 0 0 0 rg BT 248.91 311.60 Td (at ) Tj ET Q q 0 0 0 rg BT 256.17 311.60 Td (December ) Tj ET Q q 0 0 0 rg BT 290.53 311.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 302.02 311.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 319.50 311.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 352.53 311.60 Td (to ) Tj ET Q q 0 0 0 rg BT 360.25 311.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.96 311.60 Td (255.7 ) Tj ET Q q 0 0 0 rg BT 395.45 311.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.56 311.60 Td ( ) Tj ET Q q 0 0 0 rg BT 420.05 311.60 Td (at ) Tj ET Q q 0 0 0 rg BT 427.32 311.60 Td (December ) Tj ET Q q 0 0 0 rg BT 461.67 311.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 473.16 311.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 490.65 311.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.69 311.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 519.41 311.60 Td (240.0 ) Tj ET Q q 0 0 0 rg BT 538.90 311.60 Td (million ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 302.00 Td (at ) Tj ET Q q 0 0 0 rg BT 57.26 302.00 Td (December ) Tj ET Q q 0 0 0 rg BT 91.61 302.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 103.10 302.00 Td (201) Tj ET Q q 0 0 0 rg BT 114.80 302.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.29 302.00 Td ( ) Tj ET Q q 0 0 0 rg BT 123.77 302.00 Td (Despite ) Tj ET Q q 0 0 0 rg BT 149.69 302.00 Td (the ) Tj ET Q q 0 0 0 rg BT 160.95 302.00 Td (expectation ) Tj ET Q q 0 0 0 rg BT 199.31 302.00 Td (of ) Tj ET Q q 0 0 0 rg BT 207.46 302.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 248.94 302.00 Td (improved ) Tj ET Q q 0 0 0 rg BT 281.08 302.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 307.88 302.00 Td (and ) Tj ET Q q 0 0 0 rg BT 320.92 302.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 345.81 302.00 Td ( ) Tj ET Q q 0 0 0 rg BT 347.29 302.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 389.20 302.00 Td (in ) Tj ET Q q 0 0 0 rg BT 396.91 302.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 416.39 302.00 Td (our ) Tj ET Q q 0 0 0 rg BT 428.54 302.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.24 302.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 469.27 302.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.76 302.00 Td (and ) Tj ET Q q 0 0 0 rg BT 499.79 302.00 Td (the ) Tj ET Q q 0 0 0 rg BT 511.05 302.00 Td (need ) Tj ET Q q 0 0 0 rg BT 527.64 302.00 Td (to ) Tj ET Q q 0 0 0 rg BT 535.35 302.00 Td (improve ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 292.40 Td (our ) Tj ET Q q 0 0 0 rg BT 62.38 292.40 Td (payables ) Tj ET Q q 0 0 0 rg BT 92.08 292.40 Td (position ) Tj ET Q q 0 0 0 rg BT 119.58 292.40 Td (will ) Tj ET Q q 0 0 0 rg BT 133.74 292.40 Td (result ) Tj ET Q q 0 0 0 rg BT 153.23 292.40 Td (in ) Tj ET Q q 0 0 0 rg BT 161.17 292.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.09 292.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.02 292.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.95 292.40 Td (outflows ) Tj ET Q q 0 0 0 rg BT 270.66 292.40 Td (during ) Tj ET Q q 0 0 0 rg BT 293.26 292.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 310.98 292.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 344.24 292.40 Td (to ) Tj ET Q q 0 0 0 rg BT 352.17 292.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 371.89 292.40 Td ( ) Tj ET Q q 0 0 0 rg BT 373.48 292.40 Td (W) Tj ET Q q 0 0 0 rg BT 380.39 292.40 Td (e ) Tj ET Q q 0 0 0 rg BT 385.66 292.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 408.25 292.40 Td (that ) Tj ET Q q 0 0 0 rg BT 421.96 292.40 Td (our ) Tj ET Q q 0 0 0 rg BT 434.34 292.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.27 292.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 469.76 292.40 Td (from ) Tj ET Q q 0 0 0 rg BT 487.03 292.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 518.96 292.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 549.55 292.40 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 282.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 79.65 282.80 Td (to ) Tj ET Q q 0 0 0 rg BT 87.97 282.80 Td (be ) Tj ET Q q 0 0 0 rg BT 97.63 282.80 Td (insuf) Tj ET Q q 0 0 0 rg BT 113.48 282.80 Td (ficient ) Tj ET Q q 0 0 0 rg BT 136.02 282.80 Td (to ) Tj ET Q q 0 0 0 rg BT 144.34 282.80 Td (cover ) Tj ET Q q 0 0 0 rg BT 164.21 282.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 196.52 282.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 227.50 282.80 Td (and ) Tj ET Q q 0 0 0 rg BT 241.15 282.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 266.80 282.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 299.56 282.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.21 282.80 Td (we ) Tj ET Q q 0 0 0 rg BT 324.64 282.80 Td (will ) Tj ET Q q 0 0 0 rg BT 339.19 282.80 Td (need ) Tj ET Q q 0 0 0 rg BT 356.39 282.80 Td (other ) Tj ET Q q 0 0 0 rg BT 374.93 282.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 398.36 282.80 Td (resources ) Tj ET Q q 0 0 0 rg BT 430.66 282.80 Td (this ) Tj ET Q q 0 0 0 rg BT 444.32 282.80 Td (year ) Tj ET Q q 0 0 0 rg BT 460.19 282.80 Td (to ) Tj ET Q q 0 0 0 rg BT 468.52 282.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 485.28 282.80 Td (our ) Tj ET Q q 0 0 0 rg BT 498.05 282.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 535.47 282.80 Td (our ) Tj ET Q q 0 0 0 rg BT 548.24 282.80 Td (debt ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 273.20 Td (service ) Tj ET Q q 0 0 0 rg BT 74.65 273.20 Td (and ) Tj ET Q q 0 0 0 rg BT 88.20 273.20 Td (other ) Tj ET Q q 0 0 0 rg BT 106.64 273.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 144.20 273.20 Td (as ) Tj ET Q q 0 0 0 rg BT 152.86 273.20 Td (they ) Tj ET Q q 0 0 0 rg BT 168.63 273.20 Td (become ) Tj ET Q q 0 0 0 rg BT 195.51 273.20 Td (due, ) Tj ET Q q 0 0 0 rg BT 211.06 273.20 Td (including ) Tj ET Q q 0 0 0 rg BT 243.28 273.20 Td (the ) Tj ET Q q 0 0 0 rg BT 255.05 273.20 Td (settlement ) Tj ET Q q 0 0 0 rg BT 289.93 273.20 Td (of ) Tj ET Q q 0 0 0 rg BT 298.59 273.20 Td (such ) Tj ET Q q 0 0 0 rg BT 315.26 273.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 343.90 273.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 373.45 273.20 Td (obligations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 257.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 257.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.36 257.60 Td (have ) Tj ET Q q 0 0 0 rg BT 79.35 257.60 Td (been ) Tj ET Q q 0 0 0 rg BT 96.35 257.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 131.57 257.60 Td (options ) Tj ET Q q 0 0 0 rg BT 157.02 257.60 Td (to ) Tj ET Q q 0 0 0 rg BT 165.14 257.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 193.69 257.60 Td (our ) Tj ET Q q 0 0 0 rg BT 206.25 257.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 235.26 257.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.38 257.60 Td (light ) Tj ET Q q 0 0 0 rg BT 259.94 257.60 Td (of ) Tj ET Q q 0 0 0 rg BT 268.50 257.60 Td (our ) Tj ET Q q 0 0 0 rg BT 281.06 257.60 Td (results ) Tj ET Q q 0 0 0 rg BT 303.85 257.60 Td (for ) Tj ET Q q 0 0 0 rg BT 315.07 257.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 334.96 257.60 Td (our ) Tj ET Q q 0 0 0 rg BT 347.52 257.60 Td (outlook ) Tj ET Q q 0 0 0 rg BT 373.87 257.60 Td (for ) Tj ET Q q 0 0 0 rg BT 385.09 257.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 402.98 257.60 Td (and ) Tj ET Q q 0 0 0 rg BT 416.43 257.60 Td (our ) Tj ET Q q 0 0 0 rg BT 428.99 257.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 444.66 257.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.78 257.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 481.33 257.60 Td (our ) Tj ET Q q 0 0 0 rg BT 493.89 257.60 Td (payables ) Tj ET Q q 0 0 0 rg BT 523.78 257.60 Td (position. ) Tj ET Q q 0 0 0 rg BT 553.45 257.60 Td ( ) Tj ET Q q 0 0 0 rg BT 555.35 257.60 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 248.00 Td (this ) Tj ET Q q 0 0 0 rg BT 63.19 248.00 Td (respect, ) Tj ET Q q 0 0 0 rg BT 89.47 248.00 Td (following ) Tj ET Q q 0 0 0 rg BT 122.21 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 133.61 248.00 Td (end ) Tj ET Q q 0 0 0 rg BT 146.79 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 155.08 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 166.48 248.00 Td (third ) Tj ET Q q 0 0 0 rg BT 183.22 248.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 207.50 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 215.80 248.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 233.43 248.00 Td (we ) Tj ET Q q 0 0 0 rg BT 244.38 248.00 Td (began ) Tj ET Q q 0 0 0 rg BT 265.11 248.00 Td (discussions ) Tj ET Q q 0 0 0 rg BT 303.19 248.00 Td (with ) Tj ET Q q 0 0 0 rg BT 318.93 248.00 Td (T) Tj ET Q q 0 0 0 rg BT 323.53 248.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 337.04 248.00 Td (W) Tj ET Q q 0 0 0 rg BT 343.95 248.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 362.01 248.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 394.29 248.00 Td (a ) Tj ET Q q 0 0 0 rg BT 399.47 248.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 429.09 248.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 452.04 248.00 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 490.76 248.00 Td (including ) Tj ET Q q 0 0 0 rg BT 522.61 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 534.01 248.00 Td (potential ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 238.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 79.00 238.40 Td (of ) Tj ET Q q 0 0 0 rg BT 87.56 238.40 Td (debt, ) Tj ET Q q 0 0 0 rg BT 105.23 238.40 Td (to ) Tj ET Q q 0 0 0 rg BT 113.35 238.40 Td (address ) Tj ET Q q 0 0 0 rg BT 139.24 238.40 Td (our ) Tj ET Q q 0 0 0 rg BT 151.80 238.40 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 180.81 238.40 Td (position. ) Tj ET Q q 0 0 0 rg BT 210.49 238.40 Td (Following ) Tj ET Q q 0 0 0 rg BT 245.28 238.40 Td (the ) Tj ET Q q 0 0 0 rg BT 256.96 238.40 Td (publication ) Tj ET Q q 0 0 0 rg BT 294.84 238.40 Td (of ) Tj ET Q q 0 0 0 rg BT 303.41 238.40 Td (our ) Tj ET Q q 0 0 0 rg BT 315.97 238.40 Td (third ) Tj ET Q q 0 0 0 rg BT 332.97 238.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 357.52 238.40 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 388.52 238.40 Td (we ) Tj ET Q q 0 0 0 rg BT 399.75 238.40 Td (held ) Tj ET Q q 0 0 0 rg BT 415.42 238.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 443.09 238.40 Td (meetings ) Tj ET Q q 0 0 0 rg BT 473.87 238.40 Td (with ) Tj ET Q q 0 0 0 rg BT 489.99 238.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 513.65 238.40 Td (of ) Tj ET Q q 0 0 0 rg BT 522.21 238.40 Td (our ) Tj ET Q q 0 0 0 rg BT 534.77 238.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 550.44 238.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 228.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 71.25 228.80 Td (investors. ) Tj ET Q q 0 0 0 rg BT 103.31 228.80 Td (W) Tj ET Q q 0 0 0 rg BT 110.22 228.80 Td (e ) Tj ET Q q 0 0 0 rg BT 115.03 228.80 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 158.06 228.80 Td (began ) Tj ET Q q 0 0 0 rg BT 178.42 228.80 Td (exploring ) Tj ET Q q 0 0 0 rg BT 210.33 228.80 Td (the ) Tj ET Q q 0 0 0 rg BT 221.37 228.80 Td (availability ) Tj ET Q q 0 0 0 rg BT 258.61 228.80 Td (of ) Tj ET Q q 0 0 0 rg BT 266.53 228.80 Td (other ) Tj ET Q q 0 0 0 rg BT 284.23 228.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 315.70 228.80 Td (options, ) Tj ET Q q 0 0 0 rg BT 342.51 228.80 Td (including ) Tj ET Q q 0 0 0 rg BT 373.99 228.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 395.25 228.80 Td (financing, ) Tj ET Q q 0 0 0 rg BT 428.71 228.80 Td (a ) Tj ET Q q 0 0 0 rg BT 433.52 228.80 Td (combination ) Tj ET Q q 0 0 0 rg BT 474.77 228.80 Td (of ) Tj ET Q q 0 0 0 rg BT 482.69 228.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 497.73 228.80 Td (and ) Tj ET Q q 0 0 0 rg BT 510.53 228.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 531.79 228.80 Td (financing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.66 219.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 81.33 219.20 Td (sales. ) Tj ET Q q 0 0 0 rg BT 100.99 219.20 Td ( ) Tj ET Q q 0 0 0 rg BT 103.11 219.20 Td (Based ) Tj ET Q q 0 0 0 rg BT 124.77 219.20 Td (on ) Tj ET Q q 0 0 0 rg BT 134.88 219.20 Td (information ) Tj ET Q q 0 0 0 rg BT 174.77 219.20 Td (received ) Tj ET Q q 0 0 0 rg BT 203.97 219.20 Td (during ) Tj ET Q q 0 0 0 rg BT 226.97 219.20 Td (our ) Tj ET Q q 0 0 0 rg BT 239.75 219.20 Td (investor ) Tj ET Q q 0 0 0 rg BT 267.63 219.20 Td (meetings ) Tj ET Q q 0 0 0 rg BT 298.63 219.20 Td (and ) Tj ET Q q 0 0 0 rg BT 312.29 219.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.18 219.20 Td (exploration ) Tj ET Q q 0 0 0 rg BT 362.73 219.20 Td (of ) Tj ET Q q 0 0 0 rg BT 371.50 219.20 Td (our ) Tj ET Q q 0 0 0 rg BT 384.28 219.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 416.61 219.20 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 457.59 219.20 Td (we ) Tj ET Q q 0 0 0 rg BT 469.03 219.20 Td (concluded ) Tj ET Q q 0 0 0 rg BT 504.02 219.20 Td (that ) Tj ET Q q 0 0 0 rg BT 518.13 219.20 Td (any ) Tj ET Q q 0 0 0 rg BT 531.79 219.20 Td (financing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 209.60 Td (involving ) Tj ET Q q 0 0 0 rg BT 83.05 209.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 105.43 209.60 Td (was ) Tj ET Q q 0 0 0 rg BT 120.25 209.60 Td (not ) Tj ET Q q 0 0 0 rg BT 132.85 209.60 Td (viable ) Tj ET Q q 0 0 0 rg BT 154.78 209.60 Td (without ) Tj ET Q q 0 0 0 rg BT 181.61 209.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.76 209.60 Td (upfront ) Tj ET Q q 0 0 0 rg BT 219.69 209.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 255.84 209.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 292.44 209.60 Td (participation ) Tj ET Q q 0 0 0 rg BT 335.25 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.12 209.60 Td (T) Tj ET Q q 0 0 0 rg BT 348.73 209.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 362.93 209.60 Td (W) Tj ET Q q 0 0 0 rg BT 369.84 209.60 Td (arner) Tj ET Q q 0 0 0 rg BT 385.95 209.60 Td (, ) Tj ET Q q 0 0 0 rg BT 390.33 209.60 Td (which ) Tj ET Q q 0 0 0 rg BT 412.09 209.60 Td (T) Tj ET Q q 0 0 0 rg BT 416.70 209.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 430.90 209.60 Td (W) Tj ET Q q 0 0 0 rg BT 437.81 209.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 456.62 209.60 Td (did ) Tj ET Q q 0 0 0 rg BT 469.23 209.60 Td (not ) Tj ET Q q 0 0 0 rg BT 481.83 209.60 Td (provide. ) Tj ET Q q 0 0 0 rg BT 510.65 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 513.03 209.60 Td (In ) Tj ET Q q 0 0 0 rg BT 522.07 209.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 552.67 209.60 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 200.00 Td (received ) Tj ET Q q 0 0 0 rg BT 79.98 200.00 Td (proposals ) Tj ET Q q 0 0 0 rg BT 113.54 200.00 Td (from ) Tj ET Q q 0 0 0 rg BT 131.98 200.00 Td (several ) Tj ET Q q 0 0 0 rg BT 157.52 200.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 188.41 200.00 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 225.51 200.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 259.05 200.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.71 200.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 309.71 200.00 Td (of ) Tj ET Q q 0 0 0 rg BT 319.27 200.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 343.92 200.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 367.48 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.16 200.00 Td (The ) Tj ET Q q 0 0 0 rg BT 385.49 200.00 Td (proposals ) Tj ET Q q 0 0 0 rg BT 419.04 200.00 Td (we ) Tj ET Q q 0 0 0 rg BT 431.26 200.00 Td (received, ) Tj ET Q q 0 0 0 rg BT 463.25 200.00 Td (however) Tj ET Q q 0 0 0 rg BT 490.47 200.00 Td (, ) Tj ET Q q 0 0 0 rg BT 495.36 200.00 Td (were ) Tj ET Q q 0 0 0 rg BT 513.79 200.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 546.45 200.00 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 190.40 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 93.84 190.40 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 129.67 190.40 Td (who ) Tj ET Q q 0 0 0 rg BT 145.07 190.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 175.12 190.40 Td (to ) Tj ET Q q 0 0 0 rg BT 182.97 190.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 213.02 190.40 Td (such ) Tj ET Q q 0 0 0 rg BT 229.31 190.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 249.59 190.40 Td (at ) Tj ET Q q 0 0 0 rg BT 256.99 190.40 Td (a ) Tj ET Q q 0 0 0 rg BT 262.16 190.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 298.01 190.40 Td (discount ) Tj ET Q q 0 0 0 rg BT 326.74 190.40 Td (to ) Tj ET Q q 0 0 0 rg BT 334.58 190.40 Td (the ) Tj ET Q q 0 0 0 rg BT 345.98 190.40 Td (value ) Tj ET Q q 0 0 0 rg BT 364.93 190.40 Td (of ) Tj ET Q q 0 0 0 rg BT 373.21 190.40 Td (these ) Tj ET Q q 0 0 0 rg BT 391.28 190.40 Td (businesses ) Tj ET Q q 0 0 0 rg BT 426.68 190.40 Td (or ) Tj ET Q q 0 0 0 rg BT 434.96 190.40 Td (such ) Tj ET Q q 0 0 0 rg BT 451.25 190.40 Td (of) Tj ET Q q 0 0 0 rg BT 457.77 190.40 Td (fers ) Tj ET Q q 0 0 0 rg BT 471.38 190.40 Td (came ) Tj ET Q q 0 0 0 rg BT 489.88 190.40 Td (with ) Tj ET Q q 0 0 0 rg BT 505.73 190.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 541.12 190.40 Td (timing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 180.80 Td (or ) Tj ET Q q 0 0 0 rg BT 58.66 180.80 Td (execution ) Tj ET Q q 0 0 0 rg BT 91.76 180.80 Td (risk.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 165.20 Td (After ) Tj ET Q q 0 0 0 rg BT 68.35 165.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 112.93 165.20 Td (of ) Tj ET Q q 0 0 0 rg BT 121.07 165.20 Td (these ) Tj ET Q q 0 0 0 rg BT 138.98 165.20 Td (discussions ) Tj ET Q q 0 0 0 rg BT 176.91 165.20 Td (and ) Tj ET Q q 0 0 0 rg BT 189.93 165.20 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 219.40 165.20 Td (and ) Tj ET Q q 0 0 0 rg BT 232.43 165.20 Td (in ) Tj ET Q q 0 0 0 rg BT 240.13 165.20 Td (light ) Tj ET Q q 0 0 0 rg BT 256.27 165.20 Td (of ) Tj ET Q q 0 0 0 rg BT 264.41 165.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.66 165.20 Td (continued ) Tj ET Q q 0 0 0 rg BT 308.68 165.20 Td (severe ) Tj ET Q q 0 0 0 rg BT 330.59 165.20 Td (pressure ) Tj ET Q q 0 0 0 rg BT 358.72 165.20 Td (on ) Tj ET Q q 0 0 0 rg BT 368.20 165.20 Td (our ) Tj ET Q q 0 0 0 rg BT 380.33 165.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 408.92 165.20 Td (during ) Tj ET Q q 0 0 0 rg BT 431.29 165.20 Td (the ) Tj ET Q q 0 0 0 rg BT 442.54 165.20 Td (latter ) Tj ET Q q 0 0 0 rg BT 460.44 165.20 Td (part ) Tj ET Q q 0 0 0 rg BT 474.36 165.20 Td (of ) Tj ET Q q 0 0 0 rg BT 482.50 165.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 499.97 165.20 Td (and ) Tj ET Q q 0 0 0 rg BT 513.00 165.20 Td (our ) Tj ET Q q 0 0 0 rg BT 525.14 165.20 Td (expectation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 155.60 Td (that ) Tj ET Q q 0 0 0 rg BT 63.88 155.60 Td (this ) Tj ET Q q 0 0 0 rg BT 77.32 155.60 Td (will ) Tj ET Q q 0 0 0 rg BT 91.65 155.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 121.07 155.60 Td (through ) Tj ET Q q 0 0 0 rg BT 147.84 155.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 167.72 155.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.16 155.60 Td (committee ) Tj ET Q q 0 0 0 rg BT 208.80 155.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.35 155.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.90 155.60 Td (disinterested ) Tj ET Q q 0 0 0 rg BT 272.21 155.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 302.08 155.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 339.95 155.60 Td (that ) Tj ET Q q 0 0 0 rg BT 353.83 155.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.48 155.60 Td (Rights ) Tj ET Q q 0 0 0 rg BT 388.26 155.60 Td (Of) Tj ET Q q 0 0 0 rg BT 396.55 155.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 417.54 155.60 Td (together ) Tj ET Q q 0 0 0 rg BT 445.63 155.60 Td (with ) Tj ET Q q 0 0 0 rg BT 461.74 155.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.39 155.60 Td (other ) Tj ET Q q 0 0 0 rg BT 491.71 155.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 523.80 155.60 Td (transactions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (with ) Tj ET Q q 0 0 0 rg BT 66.40 146.00 Td (the ) Tj ET Q q 0 0 0 rg BT 78.35 146.00 Td (participation ) Tj ET Q q 0 0 0 rg BT 120.95 146.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.63 146.00 Td (T) Tj ET Q q 0 0 0 rg BT 134.24 146.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 148.25 146.00 Td (W) Tj ET Q q 0 0 0 rg BT 155.16 146.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 173.77 146.00 Td (was ) Tj ET Q q 0 0 0 rg BT 188.38 146.00 Td (in ) Tj ET Q q 0 0 0 rg BT 196.78 146.00 Td (the ) Tj ET Q q 0 0 0 rg BT 208.73 146.00 Td (best ) Tj ET Q q 0 0 0 rg BT 223.79 146.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 252.62 146.00 Td (of ) Tj ET Q q 0 0 0 rg BT 261.46 146.00 Td (the ) Tj ET Q q 0 0 0 rg BT 273.41 146.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 306.70 146.00 Td (and ) Tj ET Q q 0 0 0 rg BT 320.42 146.00 Td (we ) Tj ET Q q 0 0 0 rg BT 331.92 146.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 357.64 146.00 Td (into ) Tj ET Q q 0 0 0 rg BT 372.26 146.00 Td (the ) Tj ET Q q 0 0 0 rg BT 384.21 146.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 422.78 146.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 460.49 146.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 490.22 146.00 Td (to ) Tj ET Q q 0 0 0 rg BT 498.62 146.00 Td (which ) Tj ET Q q 0 0 0 rg BT 520.34 146.00 Td (we ) Tj ET Q q 0 0 0 rg BT 531.85 146.00 Td (and ) Tj ET Q q 0 0 0 rg BT 545.41 146.00 Td (T) Tj ET Q q 0 0 0 rg BT 550.02 146.00 Td (ime ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 136.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 136.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 75.73 136.40 Td (have ) Tj ET Q q 0 0 0 rg BT 93.22 136.40 Td (committed, ) Tj ET Q q 0 0 0 rg BT 131.83 136.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 156.88 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 165.49 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 177.66 136.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 197.82 136.40 Td (and ) Tj ET Q q 0 0 0 rg BT 211.76 136.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 247.48 136.40 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 274.53 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 283.14 136.40 Td (undertake ) Tj ET Q q 0 0 0 rg BT 317.07 136.40 Td (and ) Tj ET Q q 0 0 0 rg BT 331.01 136.40 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 361.38 136.40 Td (a ) Tj ET Q q 0 0 0 rg BT 367.32 136.40 Td (series ) Tj ET Q q 0 0 0 rg BT 387.93 136.40 Td (of ) Tj ET Q q 0 0 0 rg BT 396.98 136.40 Td (related ) Tj ET Q q 0 0 0 rg BT 421.14 136.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 453.74 136.40 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 496.34 136.40 Td (including ) Tj ET Q q 0 0 0 rg BT 528.95 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 541.11 136.40 Td (Rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.80 Td (Of) Tj ET Q q 0 0 0 rg BT 58.30 126.80 Td (fering, ) Tj ET Q q 0 0 0 rg BT 81.47 126.80 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 113.32 126.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 138.05 126.80 Td (Placement ) Tj ET Q q 0 0 0 rg BT 173.45 126.80 Td (and ) Tj ET Q q 0 0 0 rg BT 186.92 126.80 Td (TW) Tj ET Q q 0 0 0 rg BT 199.22 126.80 Td ( ) Tj ET Q q 0 0 0 rg BT 201.29 126.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 217.59 126.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 242.32 126.80 Td (Placement. ) Tj ET Q q 0 0 0 rg BT 279.72 126.80 Td ( ) Tj ET Q q 0 0 0 rg BT 281.64 126.80 Td (The ) Tj ET Q q 0 0 0 rg BT 296.15 126.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 326.66 126.80 Td (purpose ) Tj ET Q q 0 0 0 rg BT 354.06 126.80 Td (of ) Tj ET Q q 0 0 0 rg BT 362.80 126.80 Td (these ) Tj ET Q q 0 0 0 rg BT 381.31 126.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 413.60 126.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 453.88 126.80 Td (is ) Tj ET Q q 0 0 0 rg BT 461.29 126.80 Td (to ) Tj ET Q q 0 0 0 rg BT 469.59 126.80 Td (enhance ) Tj ET Q q 0 0 0 rg BT 497.87 126.80 Td (our ) Tj ET Q q 0 0 0 rg BT 510.61 126.80 Td (overall ) Tj ET Q q 0 0 0 rg BT 534.89 126.80 Td (liquidity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 117.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.46 117.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 79.57 117.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 96.14 117.20 Td (by ) Tj ET Q q 0 0 0 rg BT 106.05 117.20 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 144.38 117.20 Td (the ) Tj ET Q q 0 0 0 rg BT 156.05 117.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 190.39 117.20 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.30 117.20 Td (273.0 ) Tj ET Q q 0 0 0 rg BT 228.20 117.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.31 117.20 Td ( ) Tj ET Q q 0 0 0 rg BT 253.22 117.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 286.21 117.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 316.55 117.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 342.45 117.20 Td (of ) Tj ET Q q 0 0 0 rg BT 351.02 117.20 Td (the ) Tj ET Q q 0 0 0 rg BT 362.70 117.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 380.60 117.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 400.73 117.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 417.29 117.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 439.86 117.20 Td (which ) Tj ET Q q 0 0 0 rg BT 461.32 117.20 Td (are ) Tj ET Q q 0 0 0 rg BT 472.99 117.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 489.11 117.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 502.56 117.20 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 547.79 117.20 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 107.60 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 81.05 107.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 94.78 107.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 138.28 107.60 Td (including ) Tj ET Q q 0 0 0 rg BT 170.68 107.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.63 107.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 200.80 107.60 Td (PIK ) Tj ET Q q 0 0 0 rg BT 215.87 107.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 238.71 107.60 Td (the ) Tj ET Q q 0 0 0 rg BT 250.50 107.60 Td (T) Tj ET Q q 0 0 0 rg BT 255.10 107.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 269.12 107.60 Td (W) Tj ET Q q 0 0 0 rg BT 276.03 107.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 294.48 107.60 Td (T) Tj ET Q q 0 0 0 rg BT 298.81 107.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 313.42 107.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 332.03 107.60 Td (and ) Tj ET Q q 0 0 0 rg BT 345.76 107.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.55 107.60 Td (T) Tj ET Q q 0 0 0 rg BT 362.16 107.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 376.17 107.60 Td (W) Tj ET Q q 0 0 0 rg BT 383.08 107.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 401.69 107.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 437.19 107.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 459.37 107.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 483.29 107.60 Td (. ) Tj ET Q q 0 0 0 rg BT 487.31 107.60 Td (W) Tj ET Q q 0 0 0 rg BT 494.22 107.60 Td (e ) Tj ET Q q 0 0 0 rg BT 499.94 107.60 Td (are ) Tj ET Q q 0 0 0 rg BT 511.88 107.60 Td (seeking ) Tj ET Q q 0 0 0 rg BT 538.50 107.60 Td (to ) Tj ET Q q 0 0 0 rg BT 546.90 107.60 Td (raise ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 98.00 Td (up ) Tj ET Q q 0 0 0 rg BT 60.55 98.00 Td (to ) Tj ET Q q 0 0 0 rg BT 69.32 98.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 86.10 98.00 Td (339.1 ) Tj ET Q q 0 0 0 rg BT 106.65 98.00 Td (million ) Tj ET Q q 0 0 0 rg BT 132.31 98.00 Td (in ) Tj ET Q q 0 0 0 rg BT 141.08 98.00 Td (new ) Tj ET Q q 0 0 0 rg BT 156.96 98.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 200.84 98.00 Td (through ) Tj ET Q q 0 0 0 rg BT 228.27 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 240.60 98.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 264.04 98.00 Td (Of) Tj ET Q q 0 0 0 rg BT 272.34 98.00 Td (fering, ) Tj ET Q q 0 0 0 rg BT 295.99 98.00 Td (an ) Tj ET Q q 0 0 0 rg BT 306.09 98.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 340.63 98.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 357.41 98.00 Td (57.7 ) Tj ET Q q 0 0 0 rg BT 373.96 98.00 Td (million ) Tj ET Q q 0 0 0 rg BT 399.62 98.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.39 98.00 Td (new ) Tj ET Q q 0 0 0 rg BT 424.27 98.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 468.14 98.00 Td (through ) Tj ET Q q 0 0 0 rg BT 495.58 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 507.72 98.00 Td (TW) Tj ET Q q 0 0 0 rg BT 520.01 98.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.56 98.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 539.34 98.00 Td (Private ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 88.40 Td (Placement ) Tj ET Q q 0 0 0 rg BT 85.38 88.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.00 88.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 115.29 88.40 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 131.35 88.40 Td (million ) Tj ET Q q 0 0 0 rg BT 156.52 88.40 Td (in ) Tj ET Q q 0 0 0 rg BT 164.81 88.40 Td (new ) Tj ET Q q 0 0 0 rg BT 180.20 88.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 223.59 88.40 Td (through ) Tj ET Q q 0 0 0 rg BT 250.54 88.40 Td (the ) Tj ET Q q 0 0 0 rg BT 262.22 88.40 Td (T) Tj ET Q q 0 0 0 rg BT 266.83 88.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 280.74 88.40 Td (W) Tj ET Q q 0 0 0 rg BT 287.65 88.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 305.99 88.40 Td (T) Tj ET Q q 0 0 0 rg BT 310.32 88.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 324.82 88.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 345.32 88.40 Td (to ) Tj ET Q q 0 0 0 rg BT 353.60 88.40 Td (enable ) Tj ET Q q 0 0 0 rg BT 376.54 88.40 Td (us ) Tj ET Q q 0 0 0 rg BT 385.72 88.40 Td (to ) Tj ET Q q 0 0 0 rg BT 394.00 88.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 425.82 88.40 Td (the ) Tj ET Q q 0 0 0 rg BT 437.65 88.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 455.72 88.40 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 476.00 88.40 Td (Rate ) Tj ET Q q 0 0 0 rg BT 492.73 88.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 513.45 88.40 Td (and ) Tj ET Q q 0 0 0 rg BT 527.06 88.40 Td (for ) Tj ET Q q 0 0 0 rg BT 538.46 88.40 Td (general ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 78.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 82.20 78.80 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 114.64 78.80 Td (\(For ) Tj ET Q q 0 0 0 rg BT 130.42 78.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 164.41 78.80 Td (information ) Tj ET Q q 0 0 0 rg BT 204.18 78.80 Td (on ) Tj ET Q q 0 0 0 rg BT 214.18 78.80 Td (the ) Tj ET Q q 0 0 0 rg BT 225.96 78.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 258.17 78.80 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 300.38 78.80 Td (see ) Tj ET Q q 0 0 0 rg BT 312.59 78.80 Td (Part ) Tj ET Q q 0 0 0 rg BT 327.48 78.80 Td (II, ) Tj ET Q q 0 0 0 rg BT 336.81 78.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 353.47 78.80 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.47 78.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 379.02 78.80 Td (25, ) Tj ET Q q 0 0 0 rg BT 391.02 78.80 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 433.17 78.80 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.21 78.80 Td (.\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 305.80 33.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (If ) Tj ET Q q 0 0 0 rg BT 57.32 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 69.09 743.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 91.98 743.50 Td (Of) Tj ET Q q 0 0 0 rg BT 100.28 743.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 121.38 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 134.92 743.50 Td (other ) Tj ET Q q 0 0 0 rg BT 153.35 743.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 185.56 743.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 225.77 743.50 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 270.85 743.50 Td (by ) Tj ET Q q 0 0 0 rg BT 280.85 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 292.62 743.50 Td (Framework ) Tj ET Q q 0 0 0 rg BT 331.05 743.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 368.59 743.50 Td (are ) Tj ET Q q 0 0 0 rg BT 380.35 743.50 Td (not ) Tj ET Q q 0 0 0 rg BT 392.56 743.50 Td (closed, ) Tj ET Q q 0 0 0 rg BT 417.00 743.50 Td (we ) Tj ET Q q 0 0 0 rg BT 428.32 743.50 Td (will ) Tj ET Q q 0 0 0 rg BT 442.76 743.50 Td (need ) Tj ET Q q 0 0 0 rg BT 459.86 743.50 Td (other ) Tj ET Q q 0 0 0 rg BT 478.29 743.50 Td (external ) Tj ET Q q 0 0 0 rg BT 506.05 743.50 Td (sources ) Tj ET Q q 0 0 0 rg BT 532.03 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.69 743.50 Td (capital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.50 733.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 88.33 733.90 Td (our ) Tj ET Q q 0 0 0 rg BT 101.28 733.90 Td (operations, ) Tj ET Q q 0 0 0 rg BT 138.88 733.90 Td (including ) Tj ET Q q 0 0 0 rg BT 171.38 733.90 Td (through ) Tj ET Q q 0 0 0 rg BT 198.55 733.90 Td (other ) Tj ET Q q 0 0 0 rg BT 217.27 733.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 233.32 733.90 Td (or ) Tj ET Q q 0 0 0 rg BT 242.27 733.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 264.55 733.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 297.04 733.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 337.53 733.90 Td (or ) Tj ET Q q 0 0 0 rg BT 346.48 733.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 364.31 733.90 Td (sales, ) Tj ET Q q 0 0 0 rg BT 384.14 733.90 Td (which ) Tj ET Q q 0 0 0 rg BT 405.97 733.90 Td (may ) Tj ET Q q 0 0 0 rg BT 422.03 733.90 Td (not ) Tj ET Q q 0 0 0 rg BT 434.53 733.90 Td (be ) Tj ET Q q 0 0 0 rg BT 444.36 733.90 Td (available ) Tj ET Q q 0 0 0 rg BT 475.52 733.90 Td (or ) Tj ET Q q 0 0 0 rg BT 484.46 733.90 Td (may ) Tj ET Q q 0 0 0 rg BT 500.52 733.90 Td (not ) Tj ET Q q 0 0 0 rg BT 513.02 733.90 Td (be ) Tj ET Q q 0 0 0 rg BT 522.85 733.90 Td (available ) Tj ET Q q 0 0 0 rg BT 554.00 733.90 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 85.61 724.30 Td (terms. ) Tj ET Q q 0 0 0 rg BT 107.24 724.30 Td ( ) Tj ET Q q 0 0 0 rg BT 109.10 724.30 Td (If ) Tj ET Q q 0 0 0 rg BT 116.29 724.30 Td (these ) Tj ET Q q 0 0 0 rg BT 134.59 724.30 Td (actions ) Tj ET Q q 0 0 0 rg BT 159.11 724.30 Td (are ) Tj ET Q q 0 0 0 rg BT 170.74 724.30 Td (not ) Tj ET Q q 0 0 0 rg BT 182.82 724.30 Td (successful, ) Tj ET Q q 0 0 0 rg BT 219.56 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 232.97 724.30 Td (we ) Tj ET Q q 0 0 0 rg BT 244.16 724.30 Td (are ) Tj ET Q q 0 0 0 rg BT 255.79 724.30 Td (unable ) Tj ET Q q 0 0 0 rg BT 278.97 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 287.05 724.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 316.46 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 324.54 724.30 Td (delay ) Tj ET Q q 0 0 0 rg BT 343.73 724.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 376.25 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 384.33 724.30 Td (some ) Tj ET Q q 0 0 0 rg BT 403.08 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 411.60 724.30 Td (our ) Tj ET Q q 0 0 0 rg BT 424.13 724.30 Td (major ) Tj ET Q q 0 0 0 rg BT 444.65 724.30 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 477.39 724.30 Td (we ) Tj ET Q q 0 0 0 rg BT 488.58 724.30 Td (will ) Tj ET Q q 0 0 0 rg BT 502.89 724.30 Td (not ) Tj ET Q q 0 0 0 rg BT 514.97 724.30 Td (have ) Tj ET Q q 0 0 0 rg BT 531.93 724.30 Td (suf) Tj ET Q q 0 0 0 rg BT 541.57 724.30 Td (ficient ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 78.76 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 86.62 714.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 115.81 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 123.68 714.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 139.98 714.70 Td (our ) Tj ET Q q 0 0 0 rg BT 152.29 714.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 187.26 714.70 Td (in ) Tj ET Q q 0 0 0 rg BT 195.12 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.54 714.70 Td (middle ) Tj ET Q q 0 0 0 rg BT 230.40 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 238.71 714.70 Td (2014. ) Tj ET Q q 0 0 0 rg BT 258.35 714.70 Td ( ) Tj ET Q q 0 0 0 rg BT 259.87 714.70 Td (There ) Tj ET Q q 0 0 0 rg BT 280.17 714.70 Td (are ) Tj ET Q q 0 0 0 rg BT 291.57 714.70 Td (no ) Tj ET Q q 0 0 0 rg BT 301.22 714.70 Td (assurances ) Tj ET Q q 0 0 0 rg BT 337.07 714.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 369.36 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 380.78 714.70 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 408.64 714.70 Td (outcome ) Tj ET Q q 0 0 0 rg BT 437.82 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 446.13 714.70 Td (any ) Tj ET Q q 0 0 0 rg BT 459.32 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 467.63 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 479.05 714.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 518.90 714.70 Td (contemplated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (by ) Tj ET Q q 0 0 0 rg BT 60.00 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.77 705.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 110.21 705.10 Td (Agreement.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 686.50 Td (There ) Tj ET Q q 0 0 0 rg BT 71.55 686.50 Td (is ) Tj ET Q q 0 0 0 rg BT 78.89 686.50 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 118.67 686.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 153.12 686.50 Td (our ) Tj ET Q q 0 0 0 rg BT 166.68 686.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 189.12 686.50 Td (to ) Tj ET Q q 0 0 0 rg BT 197.34 686.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 228.24 686.50 Td (as ) Tj ET Q q 0 0 0 rg BT 237.35 686.50 Td (a ) Tj ET Q q 0 0 0 rg BT 243.35 686.50 Td (going ) Tj ET Q q 0 0 0 rg BT 264.02 686.50 Td (concern.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 670.90 Td (e ) Tj ET Q q 0 0 0 rg BT 62.44 670.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 85.29 670.90 Td (that ) Tj ET Q q 0 0 0 rg BT 99.26 670.90 Td (our ) Tj ET Q q 0 0 0 rg BT 111.90 670.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 128.09 670.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 147.85 670.90 Td (from ) Tj ET Q q 0 0 0 rg BT 165.38 670.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.56 670.90 Td (activities ) Tj ET Q q 0 0 0 rg BT 228.42 670.90 Td (will ) Tj ET Q q 0 0 0 rg BT 242.84 670.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 272.36 670.90 Td (to ) Tj ET Q q 0 0 0 rg BT 280.56 670.90 Td (be ) Tj ET Q q 0 0 0 rg BT 290.09 670.90 Td (insuf) Tj ET Q q 0 0 0 rg BT 305.95 670.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 328.36 670.90 Td (to ) Tj ET Q q 0 0 0 rg BT 336.55 670.90 Td (cover ) Tj ET Q q 0 0 0 rg BT 356.30 670.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 388.48 670.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 419.34 670.90 Td (and ) Tj ET Q q 0 0 0 rg BT 432.87 670.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 458.39 670.90 Td (payments. ) Tj ET Q q 0 0 0 rg BT 493.03 670.90 Td (If ) Tj ET Q q 0 0 0 rg BT 500.33 670.90 Td (we ) Tj ET Q q 0 0 0 rg BT 511.64 670.90 Td (do ) Tj ET Q q 0 0 0 rg BT 521.61 670.90 Td (not ) Tj ET Q q 0 0 0 rg BT 533.81 670.90 Td (close ) Tj ET Q q 0 0 0 rg BT 552.23 670.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 661.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 72.49 661.30 Td (Of) Tj ET Q q 0 0 0 rg BT 80.79 661.30 Td (fering, ) Tj ET Q q 0 0 0 rg BT 103.48 661.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.74 661.30 Td (TW) Tj ET Q q 0 0 0 rg BT 127.03 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 128.62 661.30 Td (Unit ) Tj ET Q q 0 0 0 rg BT 144.44 661.30 Td (Private ) Tj ET Q q 0 0 0 rg BT 168.70 661.30 Td (Placement, ) Tj ET Q q 0 0 0 rg BT 205.61 661.30 Td (the ) Tj ET Q q 0 0 0 rg BT 216.86 661.30 Td (T) Tj ET Q q 0 0 0 rg BT 221.47 661.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 234.94 661.30 Td (W) Tj ET Q q 0 0 0 rg BT 241.85 661.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 259.76 661.30 Td (T) Tj ET Q q 0 0 0 rg BT 264.09 661.30 Td (erm ) Tj ET Q q 0 0 0 rg BT 278.12 661.30 Td (Loan ) Tj ET Q q 0 0 0 rg BT 296.16 661.30 Td (and ) Tj ET Q q 0 0 0 rg BT 309.30 661.30 Td (the ) Tj ET Q q 0 0 0 rg BT 320.55 661.30 Td (T) Tj ET Q q 0 0 0 rg BT 325.16 661.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 338.64 661.30 Td (W) Tj ET Q q 0 0 0 rg BT 345.55 661.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 363.57 661.30 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 398.50 661.30 Td (Credit ) Tj ET Q q 0 0 0 rg BT 420.09 661.30 Td (Facility) Tj ET Q q 0 0 0 rg BT 444.01 661.30 Td (, ) Tj ET Q q 0 0 0 rg BT 447.60 661.30 Td ( ) Tj ET Q q 0 0 0 rg BT 449.20 661.30 Td (we ) Tj ET Q q 0 0 0 rg BT 460.12 661.30 Td (will ) Tj ET Q q 0 0 0 rg BT 474.16 661.30 Td (need ) Tj ET Q q 0 0 0 rg BT 490.86 661.30 Td (other ) Tj ET Q q 0 0 0 rg BT 508.89 661.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 531.81 661.30 Td (resources ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.70 Td (this ) Tj ET Q q 0 0 0 rg BT 63.68 651.70 Td (year ) Tj ET Q q 0 0 0 rg BT 79.57 651.70 Td (to ) Tj ET Q q 0 0 0 rg BT 87.91 651.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 104.70 651.70 Td (our ) Tj ET Q q 0 0 0 rg BT 117.48 651.70 Td (operations, ) Tj ET Q q 0 0 0 rg BT 154.93 651.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 170.82 651.70 Td (service ) Tj ET Q q 0 0 0 rg BT 195.59 651.70 Td (and ) Tj ET Q q 0 0 0 rg BT 209.27 651.70 Td (other ) Tj ET Q q 0 0 0 rg BT 227.82 651.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 265.50 651.70 Td (as ) Tj ET Q q 0 0 0 rg BT 274.29 651.70 Td (they ) Tj ET Q q 0 0 0 rg BT 290.18 651.70 Td (become ) Tj ET Q q 0 0 0 rg BT 317.18 651.70 Td (due, ) Tj ET Q q 0 0 0 rg BT 332.85 651.70 Td (including ) Tj ET Q q 0 0 0 rg BT 365.19 651.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.08 651.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 412.08 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 420.87 651.70 Td (delayed ) Tj ET Q q 0 0 0 rg BT 447.86 651.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 477.53 651.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 515.21 651.70 Td (to ) Tj ET Q q 0 0 0 rg BT 523.55 651.70 Td (some ) Tj ET Q q 0 0 0 rg BT 542.56 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 551.34 651.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 642.10 Td (key ) Tj ET Q q 0 0 0 rg BT 63.21 642.10 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 95.76 642.10 Td (such ) Tj ET Q q 0 0 0 rg BT 112.08 642.10 Td (as ) Tj ET Q q 0 0 0 rg BT 120.40 642.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 152.72 642.10 Td (due ) Tj ET Q q 0 0 0 rg BT 165.93 642.10 Td (under ) Tj ET Q q 0 0 0 rg BT 185.81 642.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 216.34 642.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.33 642.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 256.53 642.10 Td (programming, ) Tj ET Q q 0 0 0 rg BT 303.61 642.10 Td (While ) Tj ET Q q 0 0 0 rg BT 324.82 642.10 Td (we ) Tj ET Q q 0 0 0 rg BT 335.80 642.10 Td (have ) Tj ET Q q 0 0 0 rg BT 352.57 642.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 377.76 642.10 Td (into ) Tj ET Q q 0 0 0 rg BT 391.87 642.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.30 642.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 441.47 642.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 478.67 642.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.43 642.10 Td (T) Tj ET Q q 0 0 0 rg BT 499.04 642.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 512.57 642.10 Td (W) Tj ET Q q 0 0 0 rg BT 519.48 642.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 537.57 642.10 Td (relating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 632.50 Td (to ) Tj ET Q q 0 0 0 rg BT 58.30 632.50 Td (the ) Tj ET Q q 0 0 0 rg BT 70.15 632.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 93.12 632.50 Td (Of) Tj ET Q q 0 0 0 rg BT 101.42 632.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 122.59 632.50 Td (and ) Tj ET Q q 0 0 0 rg BT 136.22 632.50 Td (other ) Tj ET Q q 0 0 0 rg BT 154.73 632.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.02 632.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 227.31 632.50 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 272.48 632.50 Td (therein, ) Tj ET Q q 0 0 0 rg BT 298.77 632.50 Td (our ) Tj ET Q q 0 0 0 rg BT 311.51 632.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 334.02 632.50 Td (to ) Tj ET Q q 0 0 0 rg BT 342.32 632.50 Td (close ) Tj ET Q q 0 0 0 rg BT 360.84 632.50 Td (these ) Tj ET Q q 0 0 0 rg BT 379.35 632.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 419.64 632.50 Td (is ) Tj ET Q q 0 0 0 rg BT 427.05 632.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 451.79 632.50 Td (to ) Tj ET Q q 0 0 0 rg BT 460.08 632.50 Td (our ) Tj ET Q q 0 0 0 rg BT 472.82 632.50 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 505.12 632.50 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 632.50 Td (consent ) Tj ET Q q 0 0 0 rg BT 543.48 632.50 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 632.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 75.60 622.90 Td (of ) Tj ET Q q 0 0 0 rg BT 84.32 622.90 Td (the ) Tj ET Q q 0 0 0 rg BT 96.15 622.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 114.20 622.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 134.47 622.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 151.19 622.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.90 622.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 201.51 622.90 Td (to ) Tj ET Q q 0 0 0 rg BT 209.78 622.90 Td (the ) Tj ET Q q 0 0 0 rg BT 221.61 622.90 Td (Consent ) Tj ET Q q 0 0 0 rg BT 249.88 622.90 Td (Solicitation. ) Tj ET Q q 0 0 0 rg BT 290.68 622.90 Td (There ) Tj ET Q q 0 0 0 rg BT 311.38 622.90 Td (can ) Tj ET Q q 0 0 0 rg BT 324.54 622.90 Td (be ) Tj ET Q q 0 0 0 rg BT 334.14 622.90 Td (no ) Tj ET Q q 0 0 0 rg BT 344.19 622.90 Td (assurances ) Tj ET Q q 0 0 0 rg BT 380.45 622.90 Td (that ) Tj ET Q q 0 0 0 rg BT 394.50 622.90 Td (we ) Tj ET Q q 0 0 0 rg BT 405.88 622.90 Td (will ) Tj ET Q q 0 0 0 rg BT 420.38 622.90 Td (obtain ) Tj ET Q q 0 0 0 rg BT 442.43 622.90 Td (this ) Tj ET Q q 0 0 0 rg BT 456.04 622.90 Td (consent ) Tj ET Q q 0 0 0 rg BT 482.53 622.90 Td (or ) Tj ET Q q 0 0 0 rg BT 491.25 622.90 Td (that ) Tj ET Q q 0 0 0 rg BT 505.29 622.90 Td (these ) Tj ET Q q 0 0 0 rg BT 523.79 622.90 Td (transactions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 613.30 Td (will ) Tj ET Q q 0 0 0 rg BT 63.88 613.30 Td (be ) Tj ET Q q 0 0 0 rg BT 72.86 613.30 Td (closed. ) Tj ET Q q 0 0 0 rg BT 96.72 613.30 Td ( ) Tj ET Q q 0 0 0 rg BT 97.84 613.30 Td (As ) Tj ET Q q 0 0 0 rg BT 108.16 613.30 Td (a ) Tj ET Q q 0 0 0 rg BT 113.14 613.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 134.34 613.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.54 613.30 Td (report ) Tj ET Q q 0 0 0 rg BT 166.08 613.30 Td (of ) Tj ET Q q 0 0 0 rg BT 174.17 613.30 Td (our ) Tj ET Q q 0 0 0 rg BT 186.26 613.30 Td (independent ) Tj ET Q q 0 0 0 rg BT 226.79 613.30 Td (registered ) Tj ET Q q 0 0 0 rg BT 259.76 613.30 Td (public ) Tj ET Q q 0 0 0 rg BT 281.18 613.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 317.71 613.30 Td (firm ) Tj ET Q q 0 0 0 rg BT 332.92 613.30 Td (for ) Tj ET Q q 0 0 0 rg BT 343.67 613.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.88 613.30 Td (year ) Tj ET Q q 0 0 0 rg BT 370.07 613.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 390.60 613.30 Td (December ) Tj ET Q q 0 0 0 rg BT 424.90 613.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 436.33 613.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 453.76 613.30 Td (contains ) Tj ET Q q 0 0 0 rg BT 481.85 613.30 Td (an ) Tj ET Q q 0 0 0 rg BT 490.83 613.30 Td (explanatory ) Tj ET Q q 0 0 0 rg BT 530.02 613.30 Td (paragraph ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 76.43 603.70 Td (to ) Tj ET Q q 0 0 0 rg BT 84.66 603.70 Td (our ) Tj ET Q q 0 0 0 rg BT 97.32 603.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 119.76 603.70 Td (to ) Tj ET Q q 0 0 0 rg BT 127.98 603.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 157.53 603.70 Td (as ) Tj ET Q q 0 0 0 rg BT 166.20 603.70 Td (a ) Tj ET Q q 0 0 0 rg BT 171.75 603.70 Td (going ) Tj ET Q q 0 0 0 rg BT 191.97 603.70 Td (concern. ) Tj ET Q q 0 0 0 rg BT 221.14 603.70 Td (This ) Tj ET Q q 0 0 0 rg BT 237.36 603.70 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 275.35 603.70 Td (may ) Tj ET Q q 0 0 0 rg BT 291.12 603.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 325.55 603.70 Td (and ) Tj ET Q q 0 0 0 rg BT 339.10 603.70 Td (adversely ) Tj ET Q q 0 0 0 rg BT 371.75 603.70 Td (af) Tj ET Q q 0 0 0 rg BT 377.82 603.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 391.81 603.70 Td (our ) Tj ET Q q 0 0 0 rg BT 404.48 603.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 423.36 603.70 Td (price ) Tj ET Q q 0 0 0 rg BT 441.35 603.70 Td (and ) Tj ET Q q 0 0 0 rg BT 454.90 603.70 Td (our ) Tj ET Q q 0 0 0 rg BT 467.57 603.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 490.01 603.70 Td (to ) Tj ET Q q 0 0 0 rg BT 498.23 603.70 Td (raise ) Tj ET Q q 0 0 0 rg BT 515.33 603.70 Td (new ) Tj ET Q q 0 0 0 rg BT 530.66 603.70 Td (capital.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.34 585.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.90 585.10 Td (results ) Tj ET Q q 0 0 0 rg BT 122.68 585.10 Td (will ) Tj ET Q q 0 0 0 rg BT 136.69 585.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 167.58 585.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.80 585.10 Td (be ) Tj ET Q q 0 0 0 rg BT 185.36 585.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 218.01 585.10 Td (af) Tj ET Q q 0 0 0 rg BT 224.53 585.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.07 585.10 Td (if ) Tj ET Q q 0 0 0 rg BT 252.95 585.10 Td (we ) Tj ET Q q 0 0 0 rg BT 263.84 585.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 288.51 585.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 318.95 585.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 341.85 585.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 380.29 585.10 Td (sales.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 569.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 569.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.52 569.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 91.67 569.50 Td (most ) Tj ET Q q 0 0 0 rg BT 109.29 569.50 Td (of ) Tj ET Q q 0 0 0 rg BT 118.01 569.50 Td (our ) Tj ET Q q 0 0 0 rg BT 130.74 569.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 161.22 569.50 Td (from ) Tj ET Q q 0 0 0 rg BT 178.83 569.50 Td (the ) Tj ET Q q 0 0 0 rg BT 190.67 569.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 205.17 569.50 Td (of ) Tj ET Q q 0 0 0 rg BT 213.89 569.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 251.50 569.50 Td (airtime ) Tj ET Q q 0 0 0 rg BT 276.21 569.50 Td (on ) Tj ET Q q 0 0 0 rg BT 286.27 569.50 Td (our ) Tj ET Q q 0 0 0 rg BT 298.99 569.50 Td (television ) Tj ET Q q 0 0 0 rg BT 332.16 569.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 364.21 569.50 Td ( ) Tj ET Q q 0 0 0 rg BT 366.27 569.50 Td (In ) Tj ET Q q 0 0 0 rg BT 374.99 569.50 Td (addition ) Tj ET Q q 0 0 0 rg BT 403.27 569.50 Td (to ) Tj ET Q q 0 0 0 rg BT 411.55 569.50 Td (general ) Tj ET Q q 0 0 0 rg BT 437.15 569.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 470.31 569.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 507.70 569.50 Td (other ) Tj ET Q q 0 0 0 rg BT 526.20 569.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 550.02 569.50 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.90 Td (may ) Tj ET Q q 0 0 0 rg BT 65.46 559.90 Td (af) Tj ET Q q 0 0 0 rg BT 71.53 559.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 85.21 559.90 Td (our ) Tj ET Q q 0 0 0 rg BT 97.57 559.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 134.80 559.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 152.05 559.90 Td (are ) Tj ET Q q 0 0 0 rg BT 163.50 559.90 Td (the ) Tj ET Q q 0 0 0 rg BT 174.97 559.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 199.32 559.90 Td (of ) Tj ET Q q 0 0 0 rg BT 207.67 559.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 244.91 559.90 Td (time ) Tj ET Q q 0 0 0 rg BT 260.82 559.90 Td (as ) Tj ET Q q 0 0 0 rg BT 269.17 559.90 Td (well ) Tj ET Q q 0 0 0 rg BT 284.64 559.90 Td (as ) Tj ET Q q 0 0 0 rg BT 292.99 559.90 Td (audience ) Tj ET Q q 0 0 0 rg BT 323.11 559.90 Td (ratings, ) Tj ET Q q 0 0 0 rg BT 348.57 559.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 376.03 559.90 Td (in ) Tj ET Q q 0 0 0 rg BT 383.94 559.90 Td (programming ) Tj ET Q q 0 0 0 rg BT 429.18 559.90 Td (strategy) Tj ET Q q 0 0 0 rg BT 453.98 559.90 Td (, ) Tj ET Q q 0 0 0 rg BT 457.67 559.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 485.13 559.90 Td (in ) Tj ET Q q 0 0 0 rg BT 493.04 559.90 Td (audience ) Tj ET Q q 0 0 0 rg BT 523.16 559.90 Td (preferences, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 550.30 Td (our ) Tj ET Q q 0 0 0 rg BT 62.60 550.30 Td (channels) Tj ET Q q 0 0 0 rg BT 92.66 550.30 Td ( ) Tj ET Q q 0 0 0 rg BT 94.60 550.30 Td (technical ) Tj ET Q q 0 0 0 rg BT 125.40 550.30 Td (reach, ) Tj ET Q q 0 0 0 rg BT 146.66 550.30 Td (technological ) Tj ET Q q 0 0 0 rg BT 191.69 550.30 Td (developments ) Tj ET Q q 0 0 0 rg BT 238.06 550.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 264.43 550.30 Td (to ) Tj ET Q q 0 0 0 rg BT 272.59 550.30 Td (media ) Tj ET Q q 0 0 0 rg BT 294.07 550.30 Td (and ) Tj ET Q q 0 0 0 rg BT 307.56 550.30 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 352.37 550.30 Td (competition ) Tj ET Q q 0 0 0 rg BT 392.52 550.30 Td (from ) Tj ET Q q 0 0 0 rg BT 410.01 550.30 Td (other ) Tj ET Q q 0 0 0 rg BT 428.38 550.30 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 470.30 550.30 Td (and ) Tj ET Q q 0 0 0 rg BT 483.79 550.30 Td (operators ) Tj ET Q q 0 0 0 rg BT 515.49 550.30 Td (of ) Tj ET Q q 0 0 0 rg BT 524.09 550.30 Td (other ) Tj ET Q q 0 0 0 rg BT 542.46 550.30 Td (media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.70 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 84.61 540.70 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 113.66 540.70 Td (trends ) Tj ET Q q 0 0 0 rg BT 135.16 540.70 Td (in ) Tj ET Q q 0 0 0 rg BT 143.33 540.70 Td (the ) Tj ET Q q 0 0 0 rg BT 155.05 540.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 192.54 540.70 Td (market, ) Tj ET Q q 0 0 0 rg BT 218.70 540.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 250.86 540.70 Td (competition ) Tj ET Q q 0 0 0 rg BT 291.02 540.70 Td (for ) Tj ET Q q 0 0 0 rg BT 302.29 540.70 Td (the ) Tj ET Q q 0 0 0 rg BT 314.02 540.70 Td (leisure ) Tj ET Q q 0 0 0 rg BT 337.29 540.70 Td (time ) Tj ET Q q 0 0 0 rg BT 353.46 540.70 Td (of ) Tj ET Q q 0 0 0 rg BT 362.07 540.70 Td (audiences ) Tj ET Q q 0 0 0 rg BT 395.56 540.70 Td (and ) Tj ET Q q 0 0 0 rg BT 409.05 540.70 Td (shifts ) Tj ET Q q 0 0 0 rg BT 428.34 540.70 Td (in ) Tj ET Q q 0 0 0 rg BT 436.51 540.70 Td (population ) Tj ET Q q 0 0 0 rg BT 472.68 540.70 Td (and ) Tj ET Q q 0 0 0 rg BT 486.18 540.70 Td (other ) Tj ET Q q 0 0 0 rg BT 504.56 540.70 Td (demographics. ) Tj ET Q q 0 0 0 rg BT 553.38 540.70 Td ( ) Tj ET Q q 0 0 0 rg BT 555.33 540.70 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.67 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.90 531.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 127.43 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.55 531.10 Td (disasters, ) Tj ET Q q 0 0 0 rg BT 166.55 531.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 180.45 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.56 531.10 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 221.34 531.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 237.01 531.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.13 531.10 Td (military ) Tj ET Q q 0 0 0 rg BT 271.91 531.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 300.91 531.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.03 531.10 Td (general ) Tj ET Q q 0 0 0 rg BT 334.02 531.10 Td (political ) Tj ET Q q 0 0 0 rg BT 361.69 531.10 Td (instability ) Tj ET Q q 0 0 0 rg BT 395.14 531.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.37 531.10 Td (create ) Tj ET Q q 0 0 0 rg BT 430.91 531.10 Td (further ) Tj ET Q q 0 0 0 rg BT 454.13 531.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 486.68 531.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 524.12 531.10 Td (that ) Tj ET Q q 0 0 0 rg BT 537.57 531.10 Td (reduces ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 88.04 521.50 Td (spending. ) Tj ET Q q 0 0 0 rg BT 121.42 521.50 Td ( ) Tj ET Q q 0 0 0 rg BT 123.73 521.50 Td (The ) Tj ET Q q 0 0 0 rg BT 138.66 521.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 171.36 521.50 Td (in ) Tj ET Q q 0 0 0 rg BT 180.08 521.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 218.12 521.50 Td (spending ) Tj ET Q q 0 0 0 rg BT 249.50 521.50 Td (in ) Tj ET Q q 0 0 0 rg BT 258.21 521.50 Td (our ) Tj ET Q q 0 0 0 rg BT 271.37 521.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 299.18 521.50 Td (over ) Tj ET Q q 0 0 0 rg BT 315.89 521.50 Td (the ) Tj ET Q q 0 0 0 rg BT 328.16 521.50 Td (past ) Tj ET Q q 0 0 0 rg BT 343.53 521.50 Td (few ) Tj ET Q q 0 0 0 rg BT 358.02 521.50 Td (years ) Tj ET Q q 0 0 0 rg BT 377.39 521.50 Td (has ) Tj ET Q q 0 0 0 rg BT 390.55 521.50 Td (had ) Tj ET Q q 0 0 0 rg BT 404.59 521.50 Td (a ) Tj ET Q q 0 0 0 rg BT 410.63 521.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 440.22 521.50 Td (ef) Tj ET Q q 0 0 0 rg BT 446.29 521.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 460.77 521.50 Td (on ) Tj ET Q q 0 0 0 rg BT 471.27 521.50 Td (television ) Tj ET Q q 0 0 0 rg BT 504.86 521.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 542.90 521.50 Td (prices ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.90 Td (because ) Tj ET Q q 0 0 0 rg BT 77.27 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 85.88 511.90 Td (pressure ) Tj ET Q q 0 0 0 rg BT 114.48 511.90 Td (to ) Tj ET Q q 0 0 0 rg BT 122.66 511.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 145.92 511.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 166.97 511.90 Td (from ) Tj ET Q q 0 0 0 rg BT 184.47 511.90 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 221.07 511.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.57 511.90 Td (discounting ) Tj ET Q q 0 0 0 rg BT 273.86 511.90 Td (by ) Tj ET Q q 0 0 0 rg BT 283.80 511.90 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 325.52 511.90 Td ( ) Tj ET Q q 0 0 0 rg BT 327.33 511.90 Td (W) Tj ET Q q 0 0 0 rg BT 334.24 511.90 Td (e ) Tj ET Q q 0 0 0 rg BT 339.74 511.90 Td (attempted ) Tj ET Q q 0 0 0 rg BT 373.23 511.90 Td (to ) Tj ET Q q 0 0 0 rg BT 381.41 511.90 Td (combat ) Tj ET Q q 0 0 0 rg BT 406.90 511.90 Td (this ) Tj ET Q q 0 0 0 rg BT 420.41 511.90 Td (fall ) Tj ET Q q 0 0 0 rg BT 433.02 511.90 Td (in ) Tj ET Q q 0 0 0 rg BT 441.19 511.90 Td (prices ) Tj ET Q q 0 0 0 rg BT 462.24 511.90 Td (by ) Tj ET Q q 0 0 0 rg BT 472.19 511.90 Td (implementing ) Tj ET Q q 0 0 0 rg BT 518.58 511.90 Td (a ) Tj ET Q q 0 0 0 rg BT 524.08 511.90 Td (new ) Tj ET Q q 0 0 0 rg BT 539.36 511.90 Td (pricing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 502.30 Td (strategy ) Tj ET Q q 0 0 0 rg BT 77.21 502.30 Td (in ) Tj ET Q q 0 0 0 rg BT 85.32 502.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 105.21 502.30 Td ( ) Tj ET Q q 0 0 0 rg BT 106.96 502.30 Td (There ) Tj ET Q q 0 0 0 rg BT 127.51 502.30 Td (was ) Tj ET Q q 0 0 0 rg BT 141.84 502.30 Td (an ) Tj ET Q q 0 0 0 rg BT 151.28 502.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 177.59 502.30 Td (reaction ) Tj ET Q q 0 0 0 rg BT 205.24 502.30 Td (to ) Tj ET Q q 0 0 0 rg BT 213.36 502.30 Td (this ) Tj ET Q q 0 0 0 rg BT 226.80 502.30 Td (strategy ) Tj ET Q q 0 0 0 rg BT 254.02 502.30 Td (from ) Tj ET Q q 0 0 0 rg BT 271.46 502.30 Td (agencies ) Tj ET Q q 0 0 0 rg BT 300.88 502.30 Td (and ) Tj ET Q q 0 0 0 rg BT 314.32 502.30 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 352.86 502.30 Td (particularly ) Tj ET Q q 0 0 0 rg BT 391.62 502.30 Td (in ) Tj ET Q q 0 0 0 rg BT 399.73 502.30 Td (the ) Tj ET Q q 0 0 0 rg BT 411.40 502.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 433.27 502.30 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 466.04 502.30 Td (which ) Tj ET Q q 0 0 0 rg BT 487.48 502.30 Td (resulted ) Tj ET Q q 0 0 0 rg BT 514.70 502.30 Td (in ) Tj ET Q q 0 0 0 rg BT 522.81 502.30 Td (a ) Tj ET Q q 0 0 0 rg BT 528.25 502.30 Td (significant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 79.68 492.70 Td (in ) Tj ET Q q 0 0 0 rg BT 88.05 492.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 118.63 492.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 152.32 492.70 Td (to ) Tj ET Q q 0 0 0 rg BT 160.69 492.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 178.84 492.70 Td (and ) Tj ET Q q 0 0 0 rg BT 192.54 492.70 Td (was ) Tj ET Q q 0 0 0 rg BT 207.13 492.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.06 492.70 Td (main ) Tj ET Q q 0 0 0 rg BT 237.20 492.70 Td (cause ) Tj ET Q q 0 0 0 rg BT 257.12 492.70 Td (of ) Tj ET Q q 0 0 0 rg BT 265.93 492.70 Td (a ) Tj ET Q q 0 0 0 rg BT 271.63 492.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 296.88 492.70 Td (in ) Tj ET Q q 0 0 0 rg BT 305.25 492.70 Td (our ) Tj ET Q q 0 0 0 rg BT 318.06 492.70 Td (net ) Tj ET Q q 0 0 0 rg BT 329.99 492.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 360.56 492.70 Td (and ) Tj ET Q q 0 0 0 rg BT 374.26 492.70 Td (in ) Tj ET Q q 0 0 0 rg BT 382.64 492.70 Td (the ) Tj ET Q q 0 0 0 rg BT 394.56 492.70 Td (television ) Tj ET Q q 0 0 0 rg BT 427.81 492.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 465.51 492.70 Td (market ) Tj ET Q q 0 0 0 rg BT 489.87 492.70 Td (in ) Tj ET Q q 0 0 0 rg BT 498.24 492.70 Td (that ) Tj ET Q q 0 0 0 rg BT 512.39 492.70 Td (country) Tj ET Q q 0 0 0 rg BT 536.31 492.70 Td (. ) Tj ET Q q 0 0 0 rg BT 540.46 492.70 Td ( ) Tj ET Q q 0 0 0 rg BT 542.45 492.70 Td (While ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (we ) Tj ET Q q 0 0 0 rg BT 61.49 483.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 84.53 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.25 483.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.18 483.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 171.00 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.39 483.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 201.54 483.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 239.25 483.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 269.84 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.23 483.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 298.39 483.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.89 483.10 Td (do ) Tj ET Q q 0 0 0 rg BT 320.05 483.10 Td (not ) Tj ET Q q 0 0 0 rg BT 332.44 483.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 355.48 483.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 393.19 483.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 423.78 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.17 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.11 483.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 466.26 483.10 Td (Republic ) Tj ET Q q 0 0 0 rg BT 497.30 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.69 483.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 525.17 483.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 543.34 483.10 Td (levels ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 473.50 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 473.50 Td (2014. ) Tj ET Q q 0 0 0 rg BT 78.22 473.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.90 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 90.07 457.90 Td (spending ) Tj ET Q q 0 0 0 rg BT 121.25 457.90 Td (may ) Tj ET Q q 0 0 0 rg BT 137.31 457.90 Td (also ) Tj ET Q q 0 0 0 rg BT 152.49 457.90 Td (be ) Tj ET Q q 0 0 0 rg BT 162.34 457.90 Td (af) Tj ET Q q 0 0 0 rg BT 168.41 457.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 190.24 457.90 Td (by ) Tj ET Q q 0 0 0 rg BT 200.53 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 212.60 457.90 Td (expansion ) Tj ET Q q 0 0 0 rg BT 247.33 457.90 Td (of ) Tj ET Q q 0 0 0 rg BT 256.29 457.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 295.47 457.90 Td (platforms ) Tj ET Q q 0 0 0 rg BT 328.42 457.90 Td (and ) Tj ET Q q 0 0 0 rg BT 342.27 457.90 Td (changing ) Tj ET Q q 0 0 0 rg BT 373.88 457.90 Td (preferences ) Tj ET Q q 0 0 0 rg BT 413.04 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 421.55 457.90 Td (how ) Tj ET Q q 0 0 0 rg BT 437.62 457.90 Td (and ) Tj ET Q q 0 0 0 rg BT 451.46 457.90 Td (when ) Tj ET Q q 0 0 0 rg BT 471.09 457.90 Td (people ) Tj ET Q q 0 0 0 rg BT 494.70 457.90 Td (view ) Tj ET Q q 0 0 0 rg BT 512.55 457.90 Td (content ) Tj ET Q q 0 0 0 rg BT 538.39 457.90 Td (and ) Tj ET Q q 0 0 0 rg BT 552.23 457.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.30 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 98.07 448.30 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 137.04 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 138.47 448.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 152.33 448.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 174.20 448.30 Td (to ) Tj ET Q q 0 0 0 rg BT 181.84 448.30 Td (maintain ) Tj ET Q q 0 0 0 rg BT 211.26 448.30 Td (audience ) Tj ET Q q 0 0 0 rg BT 241.11 448.30 Td (ratings ) Tj ET Q q 0 0 0 rg BT 264.31 448.30 Td (and ) Tj ET Q q 0 0 0 rg BT 277.28 448.30 Td (to ) Tj ET Q q 0 0 0 rg BT 284.93 448.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 313.44 448.30 Td (GRPs, ) Tj ET Q q 0 0 0 rg BT 335.54 448.30 Td (also ) Tj ET Q q 0 0 0 rg BT 349.85 448.30 Td (depends ) Tj ET Q q 0 0 0 rg BT 377.49 448.30 Td (on ) Tj ET Q q 0 0 0 rg BT 386.91 448.30 Td (our ) Tj ET Q q 0 0 0 rg BT 399.00 448.30 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 438.64 448.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 478.28 448.30 Td (in ) Tj ET Q q 0 0 0 rg BT 485.93 448.30 Td (television ) Tj ET Q q 0 0 0 rg BT 518.46 448.30 Td (programming ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 438.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.02 438.70 Td (productions ) Tj ET Q q 0 0 0 rg BT 102.27 438.70 Td (at ) Tj ET Q q 0 0 0 rg BT 109.51 438.70 Td (a ) Tj ET Q q 0 0 0 rg BT 114.54 438.70 Td (suf) Tj ET Q q 0 0 0 rg BT 124.17 438.70 Td (ficient ) Tj ET Q q 0 0 0 rg BT 146.07 438.70 Td (level ) Tj ET Q q 0 0 0 rg BT 163.09 438.70 Td (to ) Tj ET Q q 0 0 0 rg BT 170.79 438.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 199.80 438.70 Td (to ) Tj ET Q q 0 0 0 rg BT 207.50 438.70 Td (attract ) Tj ET Q q 0 0 0 rg BT 228.96 438.70 Td (audiences. ) Tj ET Q q 0 0 0 rg BT 263.97 438.70 Td ( ) Tj ET Q q 0 0 0 rg BT 265.44 438.70 Td (Significant ) Tj ET Q q 0 0 0 rg BT 302.01 438.70 Td (or ) Tj ET Q q 0 0 0 rg BT 310.15 438.70 Td (sustained ) Tj ET Q q 0 0 0 rg BT 341.40 438.70 Td (reductions ) Tj ET Q q 0 0 0 rg BT 376.19 438.70 Td (in ) Tj ET Q q 0 0 0 rg BT 383.89 438.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 423.58 438.70 Td (in ) Tj ET Q q 0 0 0 rg BT 431.27 438.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 476.29 438.70 Td (that ) Tj ET Q q 0 0 0 rg BT 489.76 438.70 Td (attracts ) Tj ET Q q 0 0 0 rg BT 514.33 438.70 Td (such ) Tj ET Q q 0 0 0 rg BT 530.46 438.70 Td (audiences ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (or ) Tj ET Q q 0 0 0 rg BT 58.21 429.10 Td (other ) Tj ET Q q 0 0 0 rg BT 76.19 429.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 107.94 429.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.49 429.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.25 429.10 Td (response ) Tj ET Q q 0 0 0 rg BT 162.79 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.56 429.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 197.42 429.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 234.51 429.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 264.94 429.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.71 429.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.91 429.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 311.78 429.10 Td (have ) Tj ET Q q 0 0 0 rg BT 328.43 429.10 Td (had ) Tj ET Q q 0 0 0 rg BT 341.52 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.62 429.10 Td (may ) Tj ET Q q 0 0 0 rg BT 369.93 429.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 399.03 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.79 429.10 Td (have ) Tj ET Q q 0 0 0 rg BT 423.44 429.10 Td (an ) Tj ET Q q 0 0 0 rg BT 432.53 429.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 458.51 429.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 481.82 429.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.36 429.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.57 429.10 Td (television ) Tj ET Q q 0 0 0 rg BT 536.22 429.10 Td (viewing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 419.50 Td (levels. ) Tj ET Q q 0 0 0 rg BT 72.60 419.50 Td ( ) Tj ET Q q 0 0 0 rg BT 74.54 419.50 Td (Reduced ) Tj ET Q q 0 0 0 rg BT 104.46 419.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 141.95 419.50 Td (spending, ) Tj ET Q q 0 0 0 rg BT 174.77 419.50 Td (resistance ) Tj ET Q q 0 0 0 rg BT 208.25 419.50 Td (to ) Tj ET Q q 0 0 0 rg BT 216.41 419.50 Td (our ) Tj ET Q q 0 0 0 rg BT 229.02 419.50 Td (price ) Tj ET Q q 0 0 0 rg BT 246.94 419.50 Td (increases ) Tj ET Q q 0 0 0 rg BT 278.20 419.50 Td (and ) Tj ET Q q 0 0 0 rg BT 291.69 419.50 Td (the ) Tj ET Q q 0 0 0 rg BT 303.40 419.50 Td (discounting ) Tj ET Q q 0 0 0 rg BT 342.67 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.27 419.50 Td (television ) Tj ET Q q 0 0 0 rg BT 384.32 419.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 421.80 419.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 442.84 419.50 Td (in ) Tj ET Q q 0 0 0 rg BT 451.00 419.50 Td (our ) Tj ET Q q 0 0 0 rg BT 463.60 419.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 490.87 419.50 Td (as ) Tj ET Q q 0 0 0 rg BT 499.47 419.50 Td (well ) Tj ET Q q 0 0 0 rg BT 515.18 419.50 Td (as ) Tj ET Q q 0 0 0 rg BT 523.78 419.50 Td (competition ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 409.90 Td (for ) Tj ET Q q 0 0 0 rg BT 61.20 409.90 Td (ratings ) Tj ET Q q 0 0 0 rg BT 84.85 409.90 Td (from ) Tj ET Q q 0 0 0 rg BT 102.27 409.90 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 144.13 409.90 Td (seeking ) Tj ET Q q 0 0 0 rg BT 170.44 409.90 Td (to ) Tj ET Q q 0 0 0 rg BT 178.54 409.90 Td (attract ) Tj ET Q q 0 0 0 rg BT 200.40 409.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 224.49 409.90 Td (audiences ) Tj ET Q q 0 0 0 rg BT 257.90 409.90 Td (have ) Tj ET Q q 0 0 0 rg BT 274.88 409.90 Td (had ) Tj ET Q q 0 0 0 rg BT 288.30 409.90 Td (and ) Tj ET Q q 0 0 0 rg BT 301.73 409.90 Td (may ) Tj ET Q q 0 0 0 rg BT 317.37 409.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 346.79 409.90 Td (to ) Tj ET Q q 0 0 0 rg BT 354.89 409.90 Td (have ) Tj ET Q q 0 0 0 rg BT 371.87 409.90 Td (an ) Tj ET Q q 0 0 0 rg BT 381.29 409.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 407.60 409.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 431.24 409.90 Td (on ) Tj ET Q q 0 0 0 rg BT 441.11 409.90 Td (our ) Tj ET Q q 0 0 0 rg BT 453.65 409.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 475.97 409.90 Td (to ) Tj ET Q q 0 0 0 rg BT 484.06 409.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 513.93 409.90 Td (our ) Tj ET Q q 0 0 0 rg BT 526.47 409.90 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 400.30 Td (sales. ) Tj ET Q q 0 0 0 rg BT 69.41 400.30 Td ( ) Tj ET Q q 0 0 0 rg BT 71.14 400.30 Td (The ) Tj ET Q q 0 0 0 rg BT 85.44 400.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 121.08 400.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 146.04 400.30 Td (in ) Tj ET Q q 0 0 0 rg BT 154.12 400.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 191.53 400.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 208.95 400.30 Td (has ) Tj ET Q q 0 0 0 rg BT 221.47 400.30 Td (had ) Tj ET Q q 0 0 0 rg BT 234.89 400.30 Td (and ) Tj ET Q q 0 0 0 rg BT 248.30 400.30 Td (could ) Tj ET Q q 0 0 0 rg BT 267.94 400.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 297.35 400.30 Td (to ) Tj ET Q q 0 0 0 rg BT 305.44 400.30 Td (have ) Tj ET Q q 0 0 0 rg BT 322.40 400.30 Td (a ) Tj ET Q q 0 0 0 rg BT 327.81 400.30 Td (material ) Tj ET Q q 0 0 0 rg BT 355.88 400.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 382.18 400.30 Td (ef) Tj ET Q q 0 0 0 rg BT 388.25 400.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 402.10 400.30 Td (on ) Tj ET Q q 0 0 0 rg BT 411.96 400.30 Td (our ) Tj ET Q q 0 0 0 rg BT 424.49 400.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.34 400.30 Td (position, ) Tj ET Q q 0 0 0 rg BT 483.98 400.30 Td (results ) Tj ET Q q 0 0 0 rg BT 506.73 400.30 Td (of ) Tj ET Q q 0 0 0 rg BT 515.26 400.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.45 400.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 390.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 66.21 390.70 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (The ) Tj ET Q q 0 0 0 rg BT 65.00 372.10 Td (global ) Tj ET Q q 0 0 0 rg BT 87.57 372.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 121.23 372.10 Td (slowdown, ) Tj ET Q q 0 0 0 rg BT 157.81 372.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 178.59 372.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 198.04 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.61 372.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 244.50 372.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 279.07 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.41 372.10 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 325.54 372.10 Td (have ) Tj ET Q q 0 0 0 rg BT 343.21 372.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 375.98 372.10 Td (af) Tj ET Q q 0 0 0 rg BT 382.50 372.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 404.16 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.84 372.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.74 372.10 Td (position ) Tj ET Q q 0 0 0 rg BT 478.09 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.65 372.10 Td (results ) Tj ET Q q 0 0 0 rg BT 516.56 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.34 372.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 564.01 372.10 Td ( ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 362.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 362.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.08 362.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 86.76 362.50 Td (predict ) Tj ET Q q 0 0 0 rg BT 111.43 362.50 Td (if ) Tj ET Q q 0 0 0 rg BT 118.32 362.50 Td (or ) Tj ET Q q 0 0 0 rg BT 127.45 362.50 Td (when ) Tj ET Q q 0 0 0 rg BT 147.24 362.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.80 362.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 217.04 362.50 Td (in ) Tj ET Q q 0 0 0 rg BT 225.72 362.50 Td (the ) Tj ET Q q 0 0 0 rg BT 237.95 362.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 270.63 362.50 Td (in ) Tj ET Q q 0 0 0 rg BT 279.31 362.50 Td (which ) Tj ET Q q 0 0 0 rg BT 301.33 362.50 Td (we ) Tj ET Q q 0 0 0 rg BT 312.22 362.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 338.67 362.50 Td (will ) Tj ET Q q 0 0 0 rg BT 352.68 362.50 Td (recover ) Tj ET Q q 0 0 0 rg BT 379.12 362.50 Td (or ) Tj ET Q q 0 0 0 rg BT 388.24 362.50 Td (how ) Tj ET Q q 0 0 0 rg BT 404.03 362.50 Td (long ) Tj ET Q q 0 0 0 rg BT 420.71 362.50 Td (any ) Tj ET Q q 0 0 0 rg BT 434.72 362.50 Td (recovery ) Tj ET Q q 0 0 0 rg BT 464.71 362.50 Td (may ) Tj ET Q q 0 0 0 rg BT 480.50 362.50 Td (last. ) Tj ET Q q 0 0 0 rg BT 496.06 362.50 Td ( ) Tj ET Q q 0 0 0 rg BT 497.77 362.50 Td (A) Tj ET Q q 0 0 0 rg BT 502.67 362.50 Td ( ) Tj ET Q q 0 0 0 rg BT 504.68 362.50 Td (failure ) Tj ET Q q 0 0 0 rg BT 528.91 362.50 Td (to ) Tj ET Q q 0 0 0 rg BT 537.14 362.50 Td (achieve ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 352.90 Td (prompt ) Tj ET Q q 0 0 0 rg BT 75.56 352.90 Td (and ) Tj ET Q q 0 0 0 rg BT 90.01 352.90 Td (lasting ) Tj ET Q q 0 0 0 rg BT 114.24 352.90 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 149.55 352.90 Td (will ) Tj ET Q q 0 0 0 rg BT 163.56 352.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 194.45 352.90 Td (to ) Tj ET Q q 0 0 0 rg BT 202.68 352.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 235.33 352.90 Td (af) Tj ET Q q 0 0 0 rg BT 241.85 352.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 255.84 352.90 Td (our ) Tj ET Q q 0 0 0 rg BT 269.40 352.90 Td (results ) Tj ET Q q 0 0 0 rg BT 293.18 352.90 Td (of ) Tj ET Q q 0 0 0 rg BT 301.85 352.90 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 337.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.79 337.30 Td (results ) Tj ET Q q 0 0 0 rg BT 86.02 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 94.03 337.30 Td (our ) Tj ET Q q 0 0 0 rg BT 106.04 337.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 140.71 337.30 Td (depend ) Tj ET Q q 0 0 0 rg BT 165.16 337.30 Td (heavily ) Tj ET Q q 0 0 0 rg BT 190.06 337.30 Td (on ) Tj ET Q q 0 0 0 rg BT 199.41 337.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 236.30 337.30 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 264.96 337.30 Td (and ) Tj ET Q q 0 0 0 rg BT 277.86 337.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 304.54 337.30 Td (for ) Tj ET Q q 0 0 0 rg BT 315.21 337.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 352.11 337.30 Td (is ) Tj ET Q q 0 0 0 rg BT 358.79 337.30 Td (af) Tj ET Q q 0 0 0 rg BT 364.86 337.30 Td (fected ) Tj ET Q q 0 0 0 rg BT 385.75 337.30 Td (by ) Tj ET Q q 0 0 0 rg BT 395.09 337.30 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 428.88 337.30 Td (general ) Tj ET Q q 0 0 0 rg BT 453.76 337.30 Td (and ) Tj ET Q q 0 0 0 rg BT 466.66 337.30 Td (regional ) Tj ET Q q 0 0 0 rg BT 494.22 337.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 526.66 337.30 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 564.00 337.30 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 327.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.31 327.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 97.27 327.70 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 135.13 327.70 Td (af) Tj ET Q q 0 0 0 rg BT 141.20 327.70 Td (fecting ) Tj ET Q q 0 0 0 rg BT 165.28 327.70 Td (the ) Tj ET Q q 0 0 0 rg BT 176.92 327.70 Td (global ) Tj ET Q q 0 0 0 rg BT 198.79 327.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.64 327.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 255.83 327.70 Td (and ) Tj ET Q q 0 0 0 rg BT 269.25 327.70 Td (banking ) Tj ET Q q 0 0 0 rg BT 296.89 327.70 Td (system ) Tj ET Q q 0 0 0 rg BT 320.99 327.70 Td (since ) Tj ET Q q 0 0 0 rg BT 339.29 327.70 Td (the ) Tj ET Q q 0 0 0 rg BT 350.94 327.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 384.80 327.70 Td (of ) Tj ET Q q 0 0 0 rg BT 393.33 327.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 411.20 327.70 Td (has ) Tj ET Q q 0 0 0 rg BT 423.74 327.70 Td (had ) Tj ET Q q 0 0 0 rg BT 437.16 327.70 Td (an ) Tj ET Q q 0 0 0 rg BT 446.58 327.70 Td (adverse ) Tj ET Q q 0 0 0 rg BT 472.88 327.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 496.51 327.70 Td (on ) Tj ET Q q 0 0 0 rg BT 506.38 327.70 Td (economic ) Tj ET Q q 0 0 0 rg BT 539.35 327.70 Td (growth ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (in ) Tj ET Q q 0 0 0 rg BT 58.64 318.10 Td (our ) Tj ET Q q 0 0 0 rg BT 71.73 318.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 104.36 318.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 136.11 318.10 Td (across ) Tj ET Q q 0 0 0 rg BT 158.52 318.10 Td (Central ) Tj ET Q q 0 0 0 rg BT 184.49 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.46 318.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 224.88 318.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 252.40 318.10 Td (some ) Tj ET Q q 0 0 0 rg BT 271.71 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.79 318.10 Td (which ) Tj ET Q q 0 0 0 rg BT 302.77 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.95 318.10 Td (still ) Tj ET Q q 0 0 0 rg BT 329.38 318.10 Td (contending ) Tj ET Q q 0 0 0 rg BT 367.35 318.10 Td (with ) Tj ET Q q 0 0 0 rg BT 383.99 318.10 Td (recession. ) Tj ET Q q 0 0 0 rg BT 418.18 318.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.43 318.10 Td (There ) Tj ET Q q 0 0 0 rg BT 441.50 318.10 Td (has ) Tj ET Q q 0 0 0 rg BT 454.59 318.10 Td (been ) Tj ET Q q 0 0 0 rg BT 472.11 318.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.08 318.10 Td (widespread ) Tj ET Q q 0 0 0 rg BT 516.93 318.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 555.34 318.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 308.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 86.74 308.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 113.27 308.50 Td (from ) Tj ET Q q 0 0 0 rg BT 130.45 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 141.86 308.50 Td (Central ) Tj ET Q q 0 0 0 rg BT 167.05 308.50 Td (and ) Tj ET Q q 0 0 0 rg BT 180.23 308.50 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 205.86 308.50 Td (European ) Tj ET Q q 0 0 0 rg BT 238.15 308.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 265.11 308.50 Td (and ) Tj ET Q q 0 0 0 rg BT 278.30 308.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 314.14 308.50 Td (with ) Tj ET Q q 0 0 0 rg BT 330.00 308.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 369.86 308.50 Td (in ) Tj ET Q q 0 0 0 rg BT 377.72 308.50 Td (them. ) Tj ET Q q 0 0 0 rg BT 397.35 308.50 Td ( ) Tj ET Q q 0 0 0 rg BT 398.99 308.50 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 442.61 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.02 308.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 486.76 308.50 Td (downturn ) Tj ET Q q 0 0 0 rg BT 519.06 308.50 Td (has ) Tj ET Q q 0 0 0 rg BT 531.36 308.50 Td (adversely ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 298.90 Td (af) Tj ET Q q 0 0 0 rg BT 56.07 298.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 77.74 298.90 Td (consumer ) Tj ET Q q 0 0 0 rg BT 110.96 298.90 Td (and ) Tj ET Q q 0 0 0 rg BT 124.64 298.90 Td (business ) Tj ET Q q 0 0 0 rg BT 153.88 298.90 Td (spending, ) Tj ET Q q 0 0 0 rg BT 186.89 298.90 Td (access ) Tj ET Q q 0 0 0 rg BT 209.45 298.90 Td (to ) Tj ET Q q 0 0 0 rg BT 217.80 298.90 Td (credit, ) Tj ET Q q 0 0 0 rg BT 240.13 298.90 Td (liquidity) Tj ET Q q 0 0 0 rg BT 266.73 298.90 Td (, ) Tj ET Q q 0 0 0 rg BT 270.85 298.90 Td (investments, ) Tj ET Q q 0 0 0 rg BT 313.20 298.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 330.87 298.90 Td (values ) Tj ET Q q 0 0 0 rg BT 353.44 298.90 Td (and ) Tj ET Q q 0 0 0 rg BT 367.11 298.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 409.23 298.90 Td (rates. ) Tj ET Q q 0 0 0 rg BT 428.46 298.90 Td ( ) Tj ET Q q 0 0 0 rg BT 430.43 298.90 Td (These ) Tj ET Q q 0 0 0 rg BT 451.66 298.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 478.22 298.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 511.44 298.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 546.90 298.90 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 289.30 Td (had ) Tj ET Q q 0 0 0 rg BT 63.46 289.30 Td (a ) Tj ET Q q 0 0 0 rg BT 68.92 289.30 Td (material ) Tj ET Q q 0 0 0 rg BT 97.04 289.30 Td (negative ) Tj ET Q q 0 0 0 rg BT 126.05 289.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 149.73 289.30 Td (on ) Tj ET Q q 0 0 0 rg BT 159.64 289.30 Td (the ) Tj ET Q q 0 0 0 rg BT 171.33 289.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 208.79 289.30 Td (spending ) Tj ET Q q 0 0 0 rg BT 239.58 289.30 Td (in ) Tj ET Q q 0 0 0 rg BT 247.72 289.30 Td (our ) Tj ET Q q 0 0 0 rg BT 260.29 289.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 289.53 289.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 314.99 289.30 Td (our ) Tj ET Q q 0 0 0 rg BT 327.56 289.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 361.91 289.30 Td (to ) Tj ET Q q 0 0 0 rg BT 370.04 289.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 399.50 289.30 Td (to ) Tj ET Q q 0 0 0 rg BT 407.63 289.30 Td (spend ) Tj ET Q q 0 0 0 rg BT 428.21 289.30 Td (less ) Tj ET Q q 0 0 0 rg BT 442.12 289.30 Td (on ) Tj ET Q q 0 0 0 rg BT 452.03 289.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 489.49 289.30 Td (than ) Tj ET Q q 0 0 0 rg BT 505.17 289.30 Td (at ) Tj ET Q q 0 0 0 rg BT 512.86 289.30 Td (the ) Tj ET Q q 0 0 0 rg BT 524.54 289.30 Td (peak ) Tj ET Q q 0 0 0 rg BT 541.56 289.30 Td (period ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 279.70 Td (in ) Tj ET Q q 0 0 0 rg BT 58.34 279.70 Td (2008 ) Tj ET Q q 0 0 0 rg BT 76.46 279.70 Td (as ) Tj ET Q q 0 0 0 rg BT 85.25 279.70 Td (they ) Tj ET Q q 0 0 0 rg BT 101.14 279.70 Td (modify) Tj ET Q q 0 0 0 rg BT 123.73 279.70 Td (, ) Tj ET Q q 0 0 0 rg BT 127.86 279.70 Td (delay ) Tj ET Q q 0 0 0 rg BT 147.30 279.70 Td (or ) Tj ET Q q 0 0 0 rg BT 156.09 279.70 Td (cancel ) Tj ET Q q 0 0 0 rg BT 178.63 279.70 Td (plans ) Tj ET Q q 0 0 0 rg BT 197.64 279.70 Td (to ) Tj ET Q q 0 0 0 rg BT 205.98 279.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 236.54 279.70 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 276.20 279.70 Td ( ) Tj ET Q q 0 0 0 rg BT 278.17 279.70 Td (This ) Tj ET Q q 0 0 0 rg BT 294.51 279.70 Td (has ) Tj ET Q q 0 0 0 rg BT 307.30 279.70 Td (negatively ) Tj ET Q q 0 0 0 rg BT 342.74 279.70 Td (impacted ) Tj ET Q q 0 0 0 rg BT 374.18 279.70 Td (our ) Tj ET Q q 0 0 0 rg BT 386.97 279.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 417.07 279.70 Td (position, ) Tj ET Q q 0 0 0 rg BT 446.98 279.70 Td (results ) Tj ET Q q 0 0 0 rg BT 469.98 279.70 Td (of ) Tj ET Q q 0 0 0 rg BT 478.77 279.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 514.21 279.70 Td (and ) Tj ET Q q 0 0 0 rg BT 527.89 279.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.22 279.70 Td (flows ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (since ) Tj ET Q q 0 0 0 rg BT 68.55 270.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 88.67 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.63 270.10 Td (While ) Tj ET Q q 0 0 0 rg BT 112.30 270.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 131.30 270.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 162.30 270.10 Td (product ) Tj ET Q q 0 0 0 rg BT 188.86 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.52 270.10 Td (private ) Tj ET Q q 0 0 0 rg BT 226.85 270.10 Td (consumption ) Tj ET Q q 0 0 0 rg BT 270.30 270.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 299.07 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.41 270.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 332.19 270.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.52 270.10 Td (201) Tj ET Q q 0 0 0 rg BT 352.23 270.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 358.34 270.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.68 270.10 Td (most ) Tj ET Q q 0 0 0 rg BT 384.36 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.14 270.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.92 270.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 438.25 270.10 Td (countries, ) Tj ET Q q 0 0 0 rg BT 471.69 270.10 Td (they ) Tj ET Q q 0 0 0 rg BT 487.58 270.10 Td (weakened ) Tj ET Q q 0 0 0 rg BT 521.67 270.10 Td (again ) Tj ET Q q 0 0 0 rg BT 541.11 270.10 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 260.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 67.91 260.50 Td (due ) Tj ET Q q 0 0 0 rg BT 81.38 260.50 Td (to ) Tj ET Q q 0 0 0 rg BT 89.51 260.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 125.64 260.50 Td (concerns ) Tj ET Q q 0 0 0 rg BT 155.99 260.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 188.55 260.50 Td (Europe) Tj ET Q q 0 0 0 rg BT 213.88 260.50 Td (s ) Tj ET Q q 0 0 0 rg BT 218.90 260.50 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 251.92 260.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 267.60 260.50 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 288.40 260.50 Td (the ) Tj ET Q q 0 0 0 rg BT 300.09 260.50 Td (stability ) Tj ET Q q 0 0 0 rg BT 327.78 260.50 Td (of ) Tj ET Q q 0 0 0 rg BT 336.36 260.50 Td (the ) Tj ET Q q 0 0 0 rg BT 348.04 260.50 Td (Eurozone, ) Tj ET Q q 0 0 0 rg BT 382.61 260.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.30 260.50 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 438.87 260.50 Td (of ) Tj ET Q q 0 0 0 rg BT 447.45 260.50 Td (the ) Tj ET Q q 0 0 0 rg BT 459.14 260.50 Td (Euro ) Tj ET Q q 0 0 0 rg BT 476.60 260.50 Td (as ) Tj ET Q q 0 0 0 rg BT 485.18 260.50 Td (a ) Tj ET Q q 0 0 0 rg BT 490.64 260.50 Td (common ) Tj ET Q q 0 0 0 rg BT 520.55 260.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 550.45 260.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.83 250.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 86.55 250.90 Td (prospects ) Tj ET Q q 0 0 0 rg BT 118.83 250.90 Td (of ) Tj ET Q q 0 0 0 rg BT 127.55 250.90 Td (major ) Tj ET Q q 0 0 0 rg BT 148.27 250.90 Td (emer) Tj ET Q q 0 0 0 rg BT 164.11 250.90 Td (ging ) Tj ET Q q 0 0 0 rg BT 180.39 250.90 Td (market ) Tj ET Q q 0 0 0 rg BT 204.66 250.90 Td (and ) Tj ET Q q 0 0 0 rg BT 218.27 250.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 253.21 250.90 Td (market ) Tj ET Q q 0 0 0 rg BT 277.48 250.90 Td (economies ) Tj ET Q q 0 0 0 rg BT 313.75 250.90 Td (globally) Tj ET Q q 0 0 0 rg BT 339.45 250.90 Td (. ) Tj ET Q q 0 0 0 rg BT 343.50 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 345.11 250.90 Td (After ) Tj ET Q q 0 0 0 rg BT 364.05 250.90 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 395.44 250.90 Td (for ) Tj ET Q q 0 0 0 rg BT 406.82 250.90 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 437.99 250.90 Td (we ) Tj ET Q q 0 0 0 rg BT 449.37 250.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 478.09 250.90 Td (that ) Tj ET Q q 0 0 0 rg BT 492.14 250.90 Td (GDP) Tj ET Q q 0 0 0 rg BT 507.85 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 509.91 250.90 Td (in ) Tj ET Q q 0 0 0 rg BT 518.19 250.90 Td (our ) Tj ET Q q 0 0 0 rg BT 530.91 250.90 Td (territories ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 241.30 Td (remained ) Tj ET Q q 0 0 0 rg BT 81.64 241.30 Td (flat ) Tj ET Q q 0 0 0 rg BT 94.17 241.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 118.25 241.30 Td (during ) Tj ET Q q 0 0 0 rg BT 141.02 241.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 158.89 241.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 192.30 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 200.40 241.30 Td (2012. ) Tj ET Q q 0 0 0 rg BT 219.86 241.30 Td (As ) Tj ET Q q 0 0 0 rg BT 230.62 241.30 Td (a ) Tj ET Q q 0 0 0 rg BT 236.05 241.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 257.70 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 269.34 241.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 302.32 241.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 337.52 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 346.06 241.30 Td (our ) Tj ET Q q 0 0 0 rg BT 358.60 241.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 390.68 241.30 Td (countries ) Tj ET Q q 0 0 0 rg BT 421.88 241.30 Td (remain ) Tj ET Q q 0 0 0 rg BT 445.97 241.30 Td (challenging, ) Tj ET Q q 0 0 0 rg BT 487.16 241.30 Td (particularly ) Tj ET Q q 0 0 0 rg BT 525.91 241.30 Td (in ) Tj ET Q q 0 0 0 rg BT 534.00 241.30 Td (Slovenia ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 231.70 Td (where ) Tj ET Q q 0 0 0 rg BT 72.00 231.70 Td (recent ) Tj ET Q q 0 0 0 rg BT 93.99 231.70 Td (banking ) Tj ET Q q 0 0 0 rg BT 122.21 231.70 Td (sector ) Tj ET Q q 0 0 0 rg BT 143.77 231.70 Td (problems ) Tj ET Q q 0 0 0 rg BT 175.99 231.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.99 231.70 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 218.67 231.70 Td (political ) Tj ET Q q 0 0 0 rg BT 247.34 231.70 Td (instability ) Tj ET Q q 0 0 0 rg BT 281.79 231.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 320.67 231.70 Td (to ) Tj ET Q q 0 0 0 rg BT 329.35 231.70 Td (a ) Tj ET Q q 0 0 0 rg BT 335.35 231.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 371.57 231.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 400.23 231.70 Td (of ) Tj ET Q q 0 0 0 rg BT 409.34 231.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.57 231.70 Td (country) Tj ET Q q 0 0 0 rg BT 448.23 231.70 Td (s ) Tj ET Q q 0 0 0 rg BT 453.80 231.70 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 487.35 231.70 Td (risk. ) Tj ET Q q 0 0 0 rg BT 503.80 231.70 Td ( ) Tj ET Q q 0 0 0 rg BT 506.25 231.70 Td (Recent ) Tj ET Q q 0 0 0 rg BT 530.92 231.70 Td (economic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (events ) Tj ET Q q 0 0 0 rg BT 72.29 222.10 Td (related ) Tj ET Q q 0 0 0 rg BT 95.91 222.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.99 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.63 222.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 151.70 222.10 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 184.66 222.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 200.29 222.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 219.04 222.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.12 222.10 Td (several ) Tj ET Q q 0 0 0 rg BT 251.63 222.10 Td (European ) Tj ET Q q 0 0 0 rg BT 284.13 222.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 305.99 222.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 337.17 222.10 Td (have ) Tj ET Q q 0 0 0 rg BT 354.13 222.10 Td (highlighted ) Tj ET Q q 0 0 0 rg BT 392.43 222.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 413.40 222.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 439.69 222.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.77 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.40 222.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 487.04 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.56 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.19 222.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 534.82 222.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 555.78 222.10 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 212.50 Td (Europe ) Tj ET Q q 0 0 0 rg BT 74.84 212.50 Td (and ) Tj ET Q q 0 0 0 rg BT 88.13 212.50 Td (its ) Tj ET Q q 0 0 0 rg BT 97.42 212.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 119.60 212.50 Td (to ) Tj ET Q q 0 0 0 rg BT 127.56 212.50 Td (safeguard ) Tj ET Q q 0 0 0 rg BT 160.39 212.50 Td (depositors) Tj ET Q q 0 0 0 rg BT 195.35 212.50 Td ( ) Tj ET Q q 0 0 0 rg BT 197.09 212.50 Td (funds ) Tj ET Q q 0 0 0 rg BT 216.60 212.50 Td (and ) Tj ET Q q 0 0 0 rg BT 229.89 212.50 Td (the ) Tj ET Q q 0 0 0 rg BT 241.40 212.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 274.68 212.50 Td (stability ) Tj ET Q q 0 0 0 rg BT 302.20 212.50 Td (of ) Tj ET Q q 0 0 0 rg BT 310.60 212.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.11 212.50 Td (Euro ) Tj ET Q q 0 0 0 rg BT 339.40 212.50 Td (as ) Tj ET Q q 0 0 0 rg BT 347.80 212.50 Td (a ) Tj ET Q q 0 0 0 rg BT 353.09 212.50 Td (single ) Tj ET Q q 0 0 0 rg BT 373.94 212.50 Td (currency) Tj ET Q q 0 0 0 rg BT 401.40 212.50 Td (. ) Tj ET Q q 0 0 0 rg BT 405.13 212.50 Td ( ) Tj ET Q q 0 0 0 rg BT 406.75 212.50 Td (Though ) Tj ET Q q 0 0 0 rg BT 433.37 212.50 Td (the ) Tj ET Q q 0 0 0 rg BT 444.88 212.50 Td (European ) Tj ET Q q 0 0 0 rg BT 477.27 212.50 Td (Union ) Tj ET Q q 0 0 0 rg BT 499.01 212.50 Td (has ) Tj ET Q q 0 0 0 rg BT 511.41 212.50 Td (created ) Tj ET Q q 0 0 0 rg BT 536.24 212.50 Td (external ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 202.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 76.58 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 89.82 202.90 Td (stability ) Tj ET Q q 0 0 0 rg BT 117.29 202.90 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 158.54 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 166.45 202.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 192.58 202.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 221.39 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.63 202.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.31 202.90 Td (assistance ) Tj ET Q q 0 0 0 rg BT 297.99 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 305.91 202.90 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 338.25 202.90 Td (member ) Tj ET Q q 0 0 0 rg BT 366.16 202.90 Td (states ) Tj ET Q q 0 0 0 rg BT 385.63 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 398.87 202.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 428.55 202.90 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 467.80 202.90 Td (there ) Tj ET Q q 0 0 0 rg BT 485.48 202.90 Td (can ) Tj ET Q q 0 0 0 rg BT 498.28 202.90 Td (be ) Tj ET Q q 0 0 0 rg BT 507.52 202.90 Td (no ) Tj ET Q q 0 0 0 rg BT 517.22 202.90 Td (assurance ) Tj ET Q q 0 0 0 rg BT 550.00 202.90 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 62.22 193.30 Td (recent ) Tj ET Q q 0 0 0 rg BT 84.21 193.30 Td (market ) Tj ET Q q 0 0 0 rg BT 108.86 193.30 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 146.87 193.30 Td (in ) Tj ET Q q 0 0 0 rg BT 155.54 193.30 Td (Europe ) Tj ET Q q 0 0 0 rg BT 181.08 193.30 Td (related ) Tj ET Q q 0 0 0 rg BT 205.29 193.30 Td (to ) Tj ET Q q 0 0 0 rg BT 213.96 193.30 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 247.51 193.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 263.73 193.30 Td (and ) Tj ET Q q 0 0 0 rg BT 277.73 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 289.95 193.30 Td (banking ) Tj ET Q q 0 0 0 rg BT 318.17 193.30 Td (sector) Tj ET Q q 0 0 0 rg BT 336.95 193.30 Td (, ) Tj ET Q q 0 0 0 rg BT 341.39 193.30 Td (including ) Tj ET Q q 0 0 0 rg BT 374.06 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 386.28 193.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 418.93 193.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 434.26 193.30 Td (of ) Tj ET Q q 0 0 0 rg BT 443.37 193.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 470.70 193.30 Td (for ) Tj ET Q q 0 0 0 rg BT 482.48 193.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 506.69 193.30 Td (governments ) Tj ET Q q 0 0 0 rg BT 550.46 193.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 183.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.98 183.70 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 119.54 183.70 Td (will ) Tj ET Q q 0 0 0 rg BT 133.99 183.70 Td (not ) Tj ET Q q 0 0 0 rg BT 146.21 183.70 Td (continue, ) Tj ET Q q 0 0 0 rg BT 177.76 183.70 Td (nor ) Tj ET Q q 0 0 0 rg BT 190.42 183.70 Td (can ) Tj ET Q q 0 0 0 rg BT 203.52 183.70 Td (there ) Tj ET Q q 0 0 0 rg BT 221.51 183.70 Td (be ) Tj ET Q q 0 0 0 rg BT 231.06 183.70 Td (any ) Tj ET Q q 0 0 0 rg BT 244.61 183.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 277.70 183.70 Td (that ) Tj ET Q q 0 0 0 rg BT 291.70 183.70 Td (future ) Tj ET Q q 0 0 0 rg BT 312.80 183.70 Td (assistance ) Tj ET Q q 0 0 0 rg BT 346.78 183.70 Td (packages ) Tj ET Q q 0 0 0 rg BT 378.10 183.70 Td (will ) Tj ET Q q 0 0 0 rg BT 392.54 183.70 Td (be ) Tj ET Q q 0 0 0 rg BT 402.09 183.70 Td (available ) Tj ET Q q 0 0 0 rg BT 432.96 183.70 Td (or) Tj ET Q q 0 0 0 rg BT 439.31 183.70 Td (, ) Tj ET Q q 0 0 0 rg BT 443.31 183.70 Td (even ) Tj ET Q q 0 0 0 rg BT 460.41 183.70 Td (if ) Tj ET Q q 0 0 0 rg BT 467.29 183.70 Td (provided, ) Tj ET Q q 0 0 0 rg BT 499.73 183.70 Td (will ) Tj ET Q q 0 0 0 rg BT 514.17 183.70 Td (be ) Tj ET Q q 0 0 0 rg BT 523.72 183.70 Td (suf) Tj ET Q q 0 0 0 rg BT 533.36 183.70 Td (ficient ) Tj ET Q q 0 0 0 rg BT 555.79 183.70 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (stabilize ) Tj ET Q q 0 0 0 rg BT 78.66 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.44 174.10 Td (af) Tj ET Q q 0 0 0 rg BT 96.51 174.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 118.05 174.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 140.72 174.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 172.05 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 174.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 212.93 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.16 174.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 246.26 174.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.93 174.10 Td (elsewhere. ) Tj ET Q q 0 0 0 rg BT 290.91 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.92 174.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 336.91 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.69 174.10 Td (departure ) Tj ET Q q 0 0 0 rg BT 380.89 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.56 174.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.12 174.10 Td (country ) Tj ET Q q 0 0 0 rg BT 421.56 174.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.11 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.89 174.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 468.45 174.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.11 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.89 174.10 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 526.01 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.68 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.46 174.10 Td (Euro ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 164.50 Td (by ) Tj ET Q q 0 0 0 rg BT 60.39 164.50 Td (its ) Tj ET Q q 0 0 0 rg BT 70.34 164.50 Td (members ) Tj ET Q q 0 0 0 rg BT 102.05 164.50 Td (could ) Tj ET Q q 0 0 0 rg BT 122.22 164.50 Td (negatively ) Tj ET Q q 0 0 0 rg BT 157.93 164.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 182.09 164.50 Td (our ) Tj ET Q q 0 0 0 rg BT 195.14 164.50 Td (business ) Tj ET Q q 0 0 0 rg BT 224.65 164.50 Td (as ) Tj ET Q q 0 0 0 rg BT 233.70 164.50 Td (well ) Tj ET Q q 0 0 0 rg BT 249.87 164.50 Td (as ) Tj ET Q q 0 0 0 rg BT 258.92 164.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 279.08 164.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 315.24 164.50 Td (volatility ) Tj ET Q q 0 0 0 rg BT 346.52 164.50 Td (and ) Tj ET Q q 0 0 0 rg BT 360.46 164.50 Td (disruption ) Tj ET Q q 0 0 0 rg BT 395.29 164.50 Td (in ) Tj ET Q q 0 0 0 rg BT 403.91 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.07 164.50 Td (global ) Tj ET Q q 0 0 0 rg BT 438.46 164.50 Td (economy) Tj ET Q q 0 0 0 rg BT 467.26 164.50 Td (. ) Tj ET Q q 0 0 0 rg BT 471.65 164.50 Td ( ) Tj ET Q q 0 0 0 rg BT 473.52 164.50 Td (Any ) Tj ET Q q 0 0 0 rg BT 489.68 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 498.74 164.50 Td (these ) Tj ET Q q 0 0 0 rg BT 517.57 164.50 Td (developments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.90 Td (would ) Tj ET Q q 0 0 0 rg BT 72.00 154.90 Td (have ) Tj ET Q q 0 0 0 rg BT 89.10 154.90 Td (a ) Tj ET Q q 0 0 0 rg BT 94.65 154.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.42 154.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 159.52 154.90 Td (ef) Tj ET Q q 0 0 0 rg BT 165.59 154.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 179.58 154.90 Td (on ) Tj ET Q q 0 0 0 rg BT 189.58 154.90 Td (our ) Tj ET Q q 0 0 0 rg BT 202.24 154.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 232.23 154.90 Td (position, ) Tj ET Q q 0 0 0 rg BT 262.01 154.90 Td (results ) Tj ET Q q 0 0 0 rg BT 284.89 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.56 154.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 328.88 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 342.43 154.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 358.65 154.90 Td (flows.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (12) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 743.60 Td (e may not be successful in our attempts to diversify and enhance our revenues.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 728.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.29 728.00 Td (are ) Tj ET Q q 0 0 0 rg BT 73.88 728.00 Td (focused ) Tj ET Q q 0 0 0 rg BT 100.59 728.00 Td (on ) Tj ET Q q 0 0 0 rg BT 110.42 728.00 Td (creating ) Tj ET Q q 0 0 0 rg BT 138.01 728.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 171.83 728.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 198.98 728.00 Td (streams ) Tj ET Q q 0 0 0 rg BT 225.25 728.00 Td (from ) Tj ET Q q 0 0 0 rg BT 242.63 728.00 Td (our ) Tj ET Q q 0 0 0 rg BT 255.12 728.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 287.60 728.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 322.75 728.00 Td (as ) Tj ET Q q 0 0 0 rg BT 331.25 728.00 Td (well ) Tj ET Q q 0 0 0 rg BT 346.85 728.00 Td (as ) Tj ET Q q 0 0 0 rg BT 355.34 728.00 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 390.05 728.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.31 728.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 453.22 728.00 Td (from ) Tj ET Q q 0 0 0 rg BT 470.60 728.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 503.09 728.00 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 542.46 728.00 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (is ) Tj ET Q q 0 0 0 rg BT 57.35 718.40 Td (how ) Tj ET Q q 0 0 0 rg BT 73.14 718.40 Td (we ) Tj ET Q q 0 0 0 rg BT 84.48 718.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 113.58 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 125.37 718.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 161.60 718.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 190.72 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 199.39 718.40 Td (our ) Tj ET Q q 0 0 0 rg BT 212.07 718.40 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 244.51 718.40 Td ( ) Tj ET Q q 0 0 0 rg BT 246.53 718.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 260.98 718.40 Td (main ) Tj ET Q q 0 0 0 rg BT 278.99 718.40 Td (ef) Tj ET Q q 0 0 0 rg BT 285.06 718.40 Td (forts ) Tj ET Q q 0 0 0 rg BT 301.74 718.40 Td (with ) Tj ET Q q 0 0 0 rg BT 317.97 718.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 342.64 718.40 Td (to ) Tj ET Q q 0 0 0 rg BT 350.87 718.40 Td (this ) Tj ET Q q 0 0 0 rg BT 364.44 718.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 391.78 718.40 Td (are ) Tj ET Q q 0 0 0 rg BT 403.56 718.40 Td (on ) Tj ET Q q 0 0 0 rg BT 413.57 718.40 Td (increasing ) Tj ET Q q 0 0 0 rg BT 448.46 718.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 476.23 718.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 491.12 718.40 Td (from ) Tj ET Q q 0 0 0 rg BT 508.68 718.40 Td (cable ) Tj ET Q q 0 0 0 rg BT 527.57 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 541.13 718.40 Td (direct-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (to-home ) Tj ET Q q 0 0 0 rg BT 78.92 708.80 Td (\(DTH\) ) Tj ET Q q 0 0 0 rg BT 110.04 708.80 Td (operators ) Tj ET Q q 0 0 0 rg BT 142.07 708.80 Td (for ) Tj ET Q q 0 0 0 rg BT 153.65 708.80 Td (carriage ) Tj ET Q q 0 0 0 rg BT 181.66 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 190.58 708.80 Td (our ) Tj ET Q q 0 0 0 rg BT 203.50 708.80 Td (channels ) Tj ET Q q 0 0 0 rg BT 233.75 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 242.67 708.80 Td (well ) Tj ET Q q 0 0 0 rg BT 258.70 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 267.62 708.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 304.10 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 312.58 708.80 Td (seek ) Tj ET Q q 0 0 0 rg BT 329.05 708.80 Td (improvements ) Tj ET Q q 0 0 0 rg BT 377.08 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 385.55 708.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 423.36 708.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 448.28 708.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 482.07 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 490.55 708.80 Td (2012. ) Tj ET Q q 0 0 0 rg BT 510.81 708.80 Td ( ) Tj ET Q q 0 0 0 rg BT 513.06 708.80 Td (Changes ) Tj ET Q q 0 0 0 rg BT 542.87 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 551.35 708.80 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.56 699.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 105.13 699.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 132.03 699.20 Td (introduced ) Tj ET Q q 0 0 0 rg BT 168.25 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 176.49 699.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 194.51 699.20 Td (that ) Tj ET Q q 0 0 0 rg BT 208.52 699.20 Td (were ) Tj ET Q q 0 0 0 rg BT 226.08 699.20 Td (designed ) Tj ET Q q 0 0 0 rg BT 256.53 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 264.77 699.20 Td (boost ) Tj ET Q q 0 0 0 rg BT 284.12 699.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 314.57 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 328.13 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 336.37 699.20 Td (support ) Tj ET Q q 0 0 0 rg BT 362.39 699.20 Td (pricing ) Tj ET Q q 0 0 0 rg BT 387.06 699.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 418.39 699.20 Td (across ) Tj ET Q q 0 0 0 rg BT 440.40 699.20 Td (our ) Tj ET Q q 0 0 0 rg BT 453.08 699.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 480.42 699.20 Td (were ) Tj ET Q q 0 0 0 rg BT 497.98 699.20 Td (met ) Tj ET Q q 0 0 0 rg BT 511.99 699.20 Td (with ) Tj ET Q q 0 0 0 rg BT 528.23 699.20 Td (significant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (resistance ) Tj ET Q q 0 0 0 rg BT 83.22 689.60 Td (from ) Tj ET Q q 0 0 0 rg BT 100.45 689.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 123.89 689.60 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 160.22 689.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.45 689.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 202.67 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.57 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.03 689.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 243.70 689.60 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 276.14 689.60 Td (This ) Tj ET Q q 0 0 0 rg BT 292.04 689.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 319.04 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.94 689.60 Td (a ) Tj ET Q q 0 0 0 rg BT 332.18 689.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 367.62 689.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 392.40 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 400.30 689.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 430.41 689.60 Td (for ) Tj ET Q q 0 0 0 rg BT 441.42 689.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 459.10 689.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 492.32 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 500.22 689.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 519.90 689.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 534.02 689.60 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (situation ) Tj ET Q q 0 0 0 rg BT 79.54 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 87.74 680.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 105.72 680.00 Td (was ) Tj ET Q q 0 0 0 rg BT 120.14 680.00 Td (also ) Tj ET Q q 0 0 0 rg BT 135.01 680.00 Td (impacted ) Tj ET Q q 0 0 0 rg BT 166.31 680.00 Td (by ) Tj ET Q q 0 0 0 rg BT 176.29 680.00 Td (a ) Tj ET Q q 0 0 0 rg BT 181.82 680.00 Td (further ) Tj ET Q q 0 0 0 rg BT 205.57 680.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 230.64 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 238.85 680.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 276.38 680.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 306.79 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 314.99 680.00 Td (the ) Tj ET Q q 0 0 0 rg BT 326.74 680.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 350.95 680.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 381.81 680.00 Td (due ) Tj ET Q q 0 0 0 rg BT 395.34 680.00 Td (to ) Tj ET Q q 0 0 0 rg BT 403.54 680.00 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 680.00 Td (reaction ) Tj ET Q q 0 0 0 rg BT 443.04 680.00 Td (to ) Tj ET Q q 0 0 0 rg BT 451.24 680.00 Td (our ) Tj ET Q q 0 0 0 rg BT 463.89 680.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 488.53 680.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 522.06 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 530.26 680.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 680.00 Td (Czech ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 81.09 670.40 Td (from ) Tj ET Q q 0 0 0 rg BT 98.85 670.40 Td (clients ) Tj ET Q q 0 0 0 rg BT 121.94 670.40 Td (who ) Tj ET Q q 0 0 0 rg BT 137.93 670.40 Td (also ) Tj ET Q q 0 0 0 rg BT 153.03 670.40 Td (advertise ) Tj ET Q q 0 0 0 rg BT 184.11 670.40 Td (in ) Tj ET Q q 0 0 0 rg BT 192.54 670.40 Td (the ) Tj ET Q q 0 0 0 rg BT 204.52 670.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 228.96 670.40 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 262.05 670.40 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 306.24 670.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 334.21 670.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 346.18 670.40 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 387.50 670.40 Td (in ) Tj ET Q q 0 0 0 rg BT 395.93 670.40 Td (the ) Tj ET Q q 0 0 0 rg BT 407.91 670.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 430.11 670.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 461.20 670.40 Td (during ) Tj ET Q q 0 0 0 rg BT 484.29 670.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 502.50 670.40 Td (did ) Tj ET Q q 0 0 0 rg BT 514.94 670.40 Td (not ) Tj ET Q q 0 0 0 rg BT 527.37 670.40 Td (advance ) Tj ET Q q 0 0 0 rg BT 555.78 670.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.78 660.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 83.34 660.80 Td (that ) Tj ET Q q 0 0 0 rg BT 97.34 660.80 Td (we ) Tj ET Q q 0 0 0 rg BT 108.68 660.80 Td (had ) Tj ET Q q 0 0 0 rg BT 122.23 660.80 Td (expected. ) Tj ET Q q 0 0 0 rg BT 154.67 660.80 Td (Some ) Tj ET Q q 0 0 0 rg BT 174.90 660.80 Td (cable ) Tj ET Q q 0 0 0 rg BT 193.78 660.80 Td (and ) Tj ET Q q 0 0 0 rg BT 207.34 660.80 Td (DTH ) Tj ET Q q 0 0 0 rg BT 225.79 660.80 Td (operators ) Tj ET Q q 0 0 0 rg BT 257.56 660.80 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 296.89 660.80 Td (suspended ) Tj ET Q q 0 0 0 rg BT 332.23 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 344.01 660.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 376.67 660.80 Td (of ) Tj ET Q q 0 0 0 rg BT 385.34 660.80 Td (our ) Tj ET Q q 0 0 0 rg BT 398.01 660.80 Td (channels ) Tj ET Q q 0 0 0 rg BT 428.01 660.80 Td (during ) Tj ET Q q 0 0 0 rg BT 450.90 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 462.68 660.80 Td (implementation ) Tj ET Q q 0 0 0 rg BT 514.90 660.80 Td (of ) Tj ET Q q 0 0 0 rg BT 523.57 660.80 Td (our ) Tj ET Q q 0 0 0 rg BT 536.25 660.80 Td (carriage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 65.11 651.20 Td (strategy) Tj ET Q q 0 0 0 rg BT 89.92 651.20 Td (, ) Tj ET Q q 0 0 0 rg BT 94.15 651.20 Td (which ) Tj ET Q q 0 0 0 rg BT 115.94 651.20 Td (af) Tj ET Q q 0 0 0 rg BT 122.01 651.20 Td (fects ) Tj ET Q q 0 0 0 rg BT 139.35 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.36 651.20 Td (reach ) Tj ET Q q 0 0 0 rg BT 170.91 651.20 Td (and ) Tj ET Q q 0 0 0 rg BT 184.69 651.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 215.36 651.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 237.58 651.20 Td (of ) Tj ET Q q 0 0 0 rg BT 246.48 651.20 Td (those ) Tj ET Q q 0 0 0 rg BT 265.60 651.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 301.16 651.20 Td (and ) Tj ET Q q 0 0 0 rg BT 314.95 651.20 Td (as ) Tj ET Q q 0 0 0 rg BT 323.85 651.20 Td (a ) Tj ET Q q 0 0 0 rg BT 329.64 651.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 351.64 651.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 389.43 651.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 422.09 651.20 Td ( ) Tj ET Q q 0 0 0 rg BT 424.17 651.20 Td (There ) Tj ET Q q 0 0 0 rg BT 445.05 651.20 Td (is ) Tj ET Q q 0 0 0 rg BT 452.62 651.20 Td (a ) Tj ET Q q 0 0 0 rg BT 458.41 651.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 472.65 651.20 Td (that ) Tj ET Q q 0 0 0 rg BT 486.88 651.20 Td (clients ) Tj ET Q q 0 0 0 rg BT 510.00 651.20 Td (may ) Tj ET Q q 0 0 0 rg BT 526.00 651.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 555.79 651.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.60 Td (withdraw ) Tj ET Q q 0 0 0 rg BT 82.02 641.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 119.37 641.60 Td (from ) Tj ET Q q 0 0 0 rg BT 136.72 641.60 Td (our ) Tj ET Q q 0 0 0 rg BT 149.19 641.60 Td (channels ) Tj ET Q q 0 0 0 rg BT 178.98 641.60 Td (or ) Tj ET Q q 0 0 0 rg BT 187.45 641.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 210.57 641.60 Td (spending, ) Tj ET Q q 0 0 0 rg BT 243.26 641.60 Td (or ) Tj ET Q q 0 0 0 rg BT 251.73 641.60 Td (that ) Tj ET Q q 0 0 0 rg BT 265.53 641.60 Td (operators ) Tj ET Q q 0 0 0 rg BT 297.10 641.60 Td (may ) Tj ET Q q 0 0 0 rg BT 312.68 641.60 Td (refuse ) Tj ET Q q 0 0 0 rg BT 334.02 641.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.05 641.60 Td (carry ) Tj ET Q q 0 0 0 rg BT 360.28 641.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.75 641.60 Td (channels ) Tj ET Q q 0 0 0 rg BT 402.54 641.60 Td (while ) Tj ET Q q 0 0 0 rg BT 422.12 641.60 Td (carriage ) Tj ET Q q 0 0 0 rg BT 449.68 641.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 461.25 641.60 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 502.16 641.60 Td (are ) Tj ET Q q 0 0 0 rg BT 513.72 641.60 Td (ongoing. ) Tj ET Q q 0 0 0 rg BT 543.75 641.60 Td ( ) Tj ET Q q 0 0 0 rg BT 545.55 641.60 Td (If ) Tj ET Q q 0 0 0 rg BT 552.69 641.60 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 632.00 Td (are ) Tj ET Q q 0 0 0 rg BT 62.57 632.00 Td (inef) Tj ET Q q 0 0 0 rg BT 74.86 632.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 99.43 632.00 Td (in ) Tj ET Q q 0 0 0 rg BT 108.46 632.00 Td (achieving ) Tj ET Q q 0 0 0 rg BT 142.36 632.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 170.92 632.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 183.49 632.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 215.62 632.00 Td (our ) Tj ET Q q 0 0 0 rg BT 229.09 632.00 Td (profitability ) Tj ET Q q 0 0 0 rg BT 270.11 632.00 Td (will ) Tj ET Q q 0 0 0 rg BT 285.36 632.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 315.71 632.00 Td (to ) Tj ET Q q 0 0 0 rg BT 324.74 632.00 Td (be ) Tj ET Q q 0 0 0 rg BT 335.09 632.00 Td (dependent ) Tj ET Q q 0 0 0 rg BT 370.78 632.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 403.35 632.00 Td (on ) Tj ET Q q 0 0 0 rg BT 414.16 632.00 Td (television ) Tj ET Q q 0 0 0 rg BT 448.07 632.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 486.42 632.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 519.66 632.00 Td (which ) Tj ET Q q 0 0 0 rg BT 542.01 632.00 Td (places ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 84.09 622.40 Td (pressures ) Tj ET Q q 0 0 0 rg BT 115.96 622.40 Td (on ) Tj ET Q q 0 0 0 rg BT 126.05 622.40 Td (our ) Tj ET Q q 0 0 0 rg BT 138.81 622.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 161.35 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 169.67 622.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 198.86 622.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 236.50 622.40 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 269.03 622.40 Td ( ) Tj ET Q q 0 0 0 rg BT 270.97 622.40 Td (There ) Tj ET Q q 0 0 0 rg BT 291.72 622.40 Td (can ) Tj ET Q q 0 0 0 rg BT 304.92 622.40 Td (be ) Tj ET Q q 0 0 0 rg BT 314.57 622.40 Td (no ) Tj ET Q q 0 0 0 rg BT 324.66 622.40 Td (assurances ) Tj ET Q q 0 0 0 rg BT 360.97 622.40 Td (that ) Tj ET Q q 0 0 0 rg BT 375.06 622.40 Td (these ) Tj ET Q q 0 0 0 rg BT 393.59 622.40 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 427.24 622.40 Td (will ) Tj ET Q q 0 0 0 rg BT 441.78 622.40 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 476.32 622.40 Td (be ) Tj ET Q q 0 0 0 rg BT 485.96 622.40 Td (successful ) Tj ET Q q 0 0 0 rg BT 520.94 622.40 Td (and ) Tj ET Q q 0 0 0 rg BT 534.59 622.40 Td (this ) Tj ET Q q 0 0 0 rg BT 548.24 622.40 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 612.80 Td (have ) Tj ET Q q 0 0 0 rg BT 67.10 612.80 Td (an ) Tj ET Q q 0 0 0 rg BT 76.65 612.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 103.08 612.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 126.85 612.80 Td (on ) Tj ET Q q 0 0 0 rg BT 136.85 612.80 Td (our ) Tj ET Q q 0 0 0 rg BT 149.52 612.80 Td (results ) Tj ET Q q 0 0 0 rg BT 172.40 612.80 Td (of ) Tj ET Q q 0 0 0 rg BT 181.07 612.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 216.39 612.80 Td (and ) Tj ET Q q 0 0 0 rg BT 229.94 612.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.16 612.80 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 594.20 Td (Our debt service obligations may restrict our ability to fund our operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 578.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 578.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.15 578.60 Td (and ) Tj ET Q q 0 0 0 rg BT 75.40 578.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 98.85 578.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.21 578.60 Td (our ) Tj ET Q q 0 0 0 rg BT 119.57 578.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 159.04 578.60 Td (have ) Tj ET Q q 0 0 0 rg BT 175.83 578.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 211.29 578.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 226.76 578.60 Td (service ) Tj ET Q q 0 0 0 rg BT 251.11 578.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 288.35 578.60 Td (under ) Tj ET Q q 0 0 0 rg BT 308.26 578.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.73 578.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 337.42 578.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 357.34 578.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 373.69 578.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 396.05 578.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.52 578.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 425.21 578.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 445.13 578.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 461.48 578.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 481.84 578.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.08 578.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.55 578.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 524.24 578.60 Td (Convertible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 569.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 70.51 569.00 Td (and ) Tj ET Q q 0 0 0 rg BT 83.92 569.00 Td (will ) Tj ET Q q 0 0 0 rg BT 98.21 569.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 127.61 569.00 Td (to ) Tj ET Q q 0 0 0 rg BT 135.68 569.00 Td (have ) Tj ET Q q 0 0 0 rg BT 152.63 569.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 188.25 569.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 203.88 569.00 Td (service ) Tj ET Q q 0 0 0 rg BT 228.38 569.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 265.79 569.00 Td (following ) Tj ET Q q 0 0 0 rg BT 298.75 569.00 Td (the ) Tj ET Q q 0 0 0 rg BT 310.37 569.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 339.32 569.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.84 569.00 Td (the ) Tj ET Q q 0 0 0 rg BT 359.46 569.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 377.31 569.00 Td (PIK ) Tj ET Q q 0 0 0 rg BT 392.05 569.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 412.57 569.00 Td (to ) Tj ET Q q 0 0 0 rg BT 420.64 569.00 Td (refinance ) Tj ET Q q 0 0 0 rg BT 452.25 569.00 Td (the ) Tj ET Q q 0 0 0 rg BT 463.87 569.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 481.72 569.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 501.79 569.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 518.30 569.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 538.82 569.00 Td (and ) Tj ET Q q 0 0 0 rg BT 552.22 569.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.40 Td (drawdown ) Tj ET Q q 0 0 0 rg BT 85.53 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 93.96 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 105.36 559.40 Td (T) Tj ET Q q 0 0 0 rg BT 109.97 559.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 123.60 559.40 Td (W) Tj ET Q q 0 0 0 rg BT 130.51 559.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 148.57 559.40 Td (T) Tj ET Q q 0 0 0 rg BT 152.90 559.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 167.10 559.40 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 187.29 559.40 Td (assuming ) Tj ET Q q 0 0 0 rg BT 219.28 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 230.81 559.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 255.68 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 264.11 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 275.64 559.40 Td (Rights ) Tj ET Q q 0 0 0 rg BT 298.30 559.40 Td (Of) Tj ET Q q 0 0 0 rg BT 306.59 559.40 Td (fering, ) Tj ET Q q 0 0 0 rg BT 329.46 559.40 Td (or ) Tj ET Q q 0 0 0 rg BT 337.88 559.40 Td (following ) Tj ET Q q 0 0 0 rg BT 370.75 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 382.28 559.40 Td (drawdown ) Tj ET Q q 0 0 0 rg BT 417.81 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 426.24 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 437.65 559.40 Td (T) Tj ET Q q 0 0 0 rg BT 442.25 559.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 455.88 559.40 Td (W) Tj ET Q q 0 0 0 rg BT 462.79 559.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 480.85 559.40 Td (T) Tj ET Q q 0 0 0 rg BT 485.18 559.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 499.38 559.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 517.58 559.40 Td (\(including ) Tj ET Q q 0 0 0 rg BT 552.22 559.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.80 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 90.76 549.80 Td (Portion ) Tj ET Q q 0 0 0 rg BT 115.97 549.80 Td (of ) Tj ET Q q 0 0 0 rg BT 124.29 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 135.61 549.80 Td (T) Tj ET Q q 0 0 0 rg BT 139.94 549.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 154.03 549.80 Td (Loan\), ) Tj ET Q q 0 0 0 rg BT 176.79 549.80 Td (assuming ) Tj ET Q q 0 0 0 rg BT 208.67 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 220.10 549.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 242.66 549.80 Td (Of) Tj ET Q q 0 0 0 rg BT 250.95 549.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 271.71 549.80 Td (is ) Tj ET Q q 0 0 0 rg BT 278.71 549.80 Td (not ) Tj ET Q q 0 0 0 rg BT 290.59 549.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 312.68 549.80 Td (by ) Tj ET Q q 0 0 0 rg BT 322.34 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 333.77 549.80 Td (Bridge ) Tj ET Q q 0 0 0 rg BT 357.20 549.80 Td (Date. ) Tj ET Q q 0 0 0 rg BT 375.96 549.80 Td ( ) Tj ET Q q 0 0 0 rg BT 377.50 549.80 Td (W) Tj ET Q q 0 0 0 rg BT 384.41 549.80 Td (e ) Tj ET Q q 0 0 0 rg BT 389.62 549.80 Td (will ) Tj ET Q q 0 0 0 rg BT 403.73 549.80 Td (be ) Tj ET Q q 0 0 0 rg BT 412.93 549.80 Td (obligated ) Tj ET Q q 0 0 0 rg BT 444.36 549.80 Td (to ) Tj ET Q q 0 0 0 rg BT 452.24 549.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 465.45 549.80 Td (to ) Tj ET Q q 0 0 0 rg BT 473.21 549.80 Td (T) Tj ET Q q 0 0 0 rg BT 477.82 549.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 491.35 549.80 Td (W) Tj ET Q q 0 0 0 rg BT 498.26 549.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 516.35 549.80 Td (a ) Tj ET Q q 0 0 0 rg BT 521.56 549.80 Td (commitment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 61.75 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 70.41 540.20 Td (1.25% ) Tj ET Q q 0 0 0 rg BT 93.06 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 101.71 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.33 540.20 Td (T) Tj ET Q q 0 0 0 rg BT 117.93 540.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 131.78 540.20 Td (W) Tj ET Q q 0 0 0 rg BT 138.69 540.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 156.96 540.20 Td (T) Tj ET Q q 0 0 0 rg BT 161.29 540.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 175.71 540.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 194.14 540.20 Td (and, ) Tj ET Q q 0 0 0 rg BT 209.68 540.20 Td (if ) Tj ET Q q 0 0 0 rg BT 216.55 540.20 Td (we ) Tj ET Q q 0 0 0 rg BT 227.87 540.20 Td (drawdown ) Tj ET Q q 0 0 0 rg BT 263.63 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.39 540.20 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 316.48 540.20 Td (Portion ) Tj ET Q q 0 0 0 rg BT 342.02 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 350.67 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 362.29 540.20 Td (T) Tj ET Q q 0 0 0 rg BT 366.62 540.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 381.05 540.20 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 401.47 540.20 Td (a ) Tj ET Q q 0 0 0 rg BT 407.01 540.20 Td (funding ) Tj ET Q q 0 0 0 rg BT 433.89 540.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 445.64 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 454.29 540.20 Td (1.25% ) Tj ET Q q 0 0 0 rg BT 476.95 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 485.60 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 497.36 540.20 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 538.45 540.20 Td (Portion ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.92 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 70.78 530.60 Td (T) Tj ET Q q 0 0 0 rg BT 75.11 530.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 89.80 530.60 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 110.49 530.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.30 530.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 141.66 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.58 530.60 Td (which ) Tj ET Q q 0 0 0 rg BT 172.38 530.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 199.52 530.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 211.54 530.60 Td (may ) Tj ET Q q 0 0 0 rg BT 227.57 530.60 Td (be ) Tj ET Q q 0 0 0 rg BT 237.38 530.60 Td (refunded ) Tj ET Q q 0 0 0 rg BT 268.06 530.60 Td (to ) Tj ET Q q 0 0 0 rg BT 276.54 530.60 Td (us ) Tj ET Q q 0 0 0 rg BT 285.90 530.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 321.48 530.60 Td (on ) Tj ET Q q 0 0 0 rg BT 331.74 530.60 Td (when ) Tj ET Q q 0 0 0 rg BT 351.32 530.60 Td (we ) Tj ET Q q 0 0 0 rg BT 362.90 530.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 382.92 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.95 530.60 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 436.30 530.60 Td (Portion ) Tj ET Q q 0 0 0 rg BT 462.11 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.03 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.89 530.60 Td (T) Tj ET Q q 0 0 0 rg BT 487.22 530.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 501.91 530.60 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 522.60 530.60 Td ( ) Tj ET Q q 0 0 0 rg BT 524.86 530.60 Td (In ) Tj ET Q q 0 0 0 rg BT 533.78 530.60 Td (addition, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.00 Td (while ) Tj ET Q q 0 0 0 rg BT 69.41 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.82 521.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 98.45 521.00 Td (PIK ) Tj ET Q q 0 0 0 rg BT 112.98 521.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 133.28 521.00 Td (will ) Tj ET Q q 0 0 0 rg BT 147.36 521.00 Td (be ) Tj ET Q q 0 0 0 rg BT 156.54 521.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 187.05 521.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 200.24 521.00 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 245.20 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 256.61 521.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 274.24 521.00 Td (PIK ) Tj ET Q q 0 0 0 rg BT 288.77 521.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 309.07 521.00 Td (will ) Tj ET Q q 0 0 0 rg BT 323.15 521.00 Td (accrue ) Tj ET Q q 0 0 0 rg BT 345.65 521.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 370.83 521.00 Td (at ) Tj ET Q q 0 0 0 rg BT 378.24 521.00 Td (a ) Tj ET Q q 0 0 0 rg BT 383.42 521.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 425.05 521.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 447.12 521.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 460.75 521.00 Td (than ) Tj ET Q q 0 0 0 rg BT 476.15 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 487.56 521.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 505.20 521.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 525.05 521.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 541.35 521.00 Td (Notes, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td (which ) Tj ET Q q 0 0 0 rg BT 71.53 511.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 109.05 511.40 Td (will ) Tj ET Q q 0 0 0 rg BT 123.47 511.40 Td (be ) Tj ET Q q 0 0 0 rg BT 133.00 511.40 Td (required ) Tj ET Q q 0 0 0 rg BT 161.63 511.40 Td (to ) Tj ET Q q 0 0 0 rg BT 169.82 511.40 Td (be ) Tj ET Q q 0 0 0 rg BT 179.35 511.40 Td (repaid ) Tj ET Q q 0 0 0 rg BT 201.31 511.40 Td (in ) Tj ET Q q 0 0 0 rg BT 209.51 511.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.70 511.40 Td (by ) Tj ET Q q 0 0 0 rg BT 235.67 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 247.42 511.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 276.50 511.40 Td (date ) Tj ET Q q 0 0 0 rg BT 291.80 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 300.44 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 312.19 511.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 330.16 511.40 Td (PIK ) Tj ET Q q 0 0 0 rg BT 345.03 511.40 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 367.67 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 381.19 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 392.94 511.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 422.46 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 431.10 511.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 456.62 511.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 484.36 511.40 Td (in ) Tj ET Q q 0 0 0 rg BT 492.56 511.40 Td (kind ) Tj ET Q q 0 0 0 rg BT 508.76 511.40 Td (will ) Tj ET Q q 0 0 0 rg BT 523.18 511.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 551.35 511.40 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.80 Td (already ) Tj ET Q q 0 0 0 rg BT 75.62 501.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 111.47 501.80 Td (leverage. ) Tj ET Q q 0 0 0 rg BT 142.65 501.80 Td ( ) Tj ET Q q 0 0 0 rg BT 144.27 501.80 Td (As ) Tj ET Q q 0 0 0 rg BT 155.24 501.80 Td (a ) Tj ET Q q 0 0 0 rg BT 160.88 501.80 Td (result ) Tj ET Q q 0 0 0 rg BT 180.73 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 189.48 501.80 Td (our ) Tj ET Q q 0 0 0 rg BT 202.23 501.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.08 501.80 Td (service ) Tj ET Q q 0 0 0 rg BT 242.82 501.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 280.46 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 294.09 501.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 328.16 501.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 361.34 501.80 Td (in ) Tj ET Q q 0 0 0 rg BT 369.65 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 381.51 501.80 Td (related ) Tj ET Q q 0 0 0 rg BT 405.35 501.80 Td (indentures, ) Tj ET Q q 0 0 0 rg BT 442.76 501.80 Td (we ) Tj ET Q q 0 0 0 rg BT 454.17 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 467.80 501.80 Td (our ) Tj ET Q q 0 0 0 rg BT 480.55 501.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 512.39 501.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 552.25 501.80 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 82.12 492.20 Td (under ) Tj ET Q q 0 0 0 rg BT 102.70 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.83 492.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 133.19 492.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 153.77 492.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 170.79 492.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 193.81 492.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 212.17 492.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 232.75 492.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 249.77 492.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 270.80 492.20 Td (\(until ) Tj ET Q q 0 0 0 rg BT 290.49 492.20 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 323.94 492.20 Td (following ) Tj ET Q q 0 0 0 rg BT 357.41 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 369.54 492.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 395.01 492.20 Td (of ) Tj ET Q q 0 0 0 rg BT 404.03 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 416.16 492.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 448.73 492.20 Td (transactions\) ) Tj ET Q q 0 0 0 rg BT 491.97 492.20 Td (and ) Tj ET Q q 0 0 0 rg BT 505.88 492.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 524.24 492.20 Td (Convertible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 482.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 70.77 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.43 482.60 Td (will ) Tj ET Q q 0 0 0 rg BT 98.98 482.60 Td (be ) Tj ET Q q 0 0 0 rg BT 108.64 482.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 140.50 482.60 Td (under ) Tj ET Q q 0 0 0 rg BT 160.83 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.71 482.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 190.81 482.60 Td (PIK ) Tj ET Q q 0 0 0 rg BT 205.81 482.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 228.58 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.31 482.60 Td (T) Tj ET Q q 0 0 0 rg BT 244.91 482.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 258.86 482.60 Td (W) Tj ET Q q 0 0 0 rg BT 265.77 482.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 284.16 482.60 Td (T) Tj ET Q q 0 0 0 rg BT 288.49 482.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 303.03 482.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 321.57 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.23 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 346.96 482.60 Td (T) Tj ET Q q 0 0 0 rg BT 351.56 482.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 365.51 482.60 Td (W) Tj ET Q q 0 0 0 rg BT 372.42 482.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 390.96 482.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 426.40 482.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 448.50 482.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 475.05 482.60 Td (in ) Tj ET Q q 0 0 0 rg BT 483.38 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.26 482.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 521.35 482.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.68 482.60 Td (which ) Tj ET Q q 0 0 0 rg BT 551.34 482.60 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 473.00 Td (business ) Tj ET Q q 0 0 0 rg BT 79.41 473.00 Td (is ) Tj ET Q q 0 0 0 rg BT 87.04 473.00 Td (conducted, ) Tj ET Q q 0 0 0 rg BT 124.22 473.00 Td (including ) Tj ET Q q 0 0 0 rg BT 156.73 473.00 Td (but ) Tj ET Q q 0 0 0 rg BT 169.25 473.00 Td (not ) Tj ET Q q 0 0 0 rg BT 181.78 473.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 206.74 473.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.26 473.00 Td (our ) Tj ET Q q 0 0 0 rg BT 228.22 473.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 250.96 473.00 Td (to ) Tj ET Q q 0 0 0 rg BT 259.48 473.00 Td (obtain ) Tj ET Q q 0 0 0 rg BT 281.77 473.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 316.06 473.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 332.13 473.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 364.64 473.00 Td (to ) Tj ET Q q 0 0 0 rg BT 373.16 473.00 Td (fund ) Tj ET Q q 0 0 0 rg BT 390.13 473.00 Td (future ) Tj ET Q q 0 0 0 rg BT 411.53 473.00 Td (working ) Tj ET Q q 0 0 0 rg BT 440.49 473.00 Td (capital, ) Tj ET Q q 0 0 0 rg BT 466.11 473.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 489.72 473.00 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 534.90 473.00 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 463.40 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 94.70 463.40 Td (and ) Tj ET Q q 0 0 0 rg BT 108.73 463.40 Td (other ) Tj ET Q q 0 0 0 rg BT 127.65 463.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 160.33 463.40 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 206.57 463.40 Td (\(For ) Tj ET Q q 0 0 0 rg BT 222.83 463.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 257.30 463.40 Td (information ) Tj ET Q q 0 0 0 rg BT 297.55 463.40 Td (on ) Tj ET Q q 0 0 0 rg BT 308.04 463.40 Td (the ) Tj ET Q q 0 0 0 rg BT 320.29 463.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 352.98 463.40 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 395.67 463.40 Td (see ) Tj ET Q q 0 0 0 rg BT 408.37 463.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 423.73 463.40 Td (II, ) Tj ET Q q 0 0 0 rg BT 433.54 463.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 450.68 463.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.16 463.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 477.20 463.40 Td (25, ) Tj ET Q q 0 0 0 rg BT 489.68 463.40 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 532.31 463.40 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 463.40 Td (\). ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 453.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 93.96 453.80 Td (we ) Tj ET Q q 0 0 0 rg BT 105.26 453.80 Td (may ) Tj ET Q q 0 0 0 rg BT 121.00 453.80 Td (have ) Tj ET Q q 0 0 0 rg BT 138.07 453.80 Td (a ) Tj ET Q q 0 0 0 rg BT 143.60 453.80 Td (proportionally ) Tj ET Q q 0 0 0 rg BT 191.34 453.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 213.74 453.80 Td (level ) Tj ET Q q 0 0 0 rg BT 231.26 453.80 Td (of ) Tj ET Q q 0 0 0 rg BT 239.90 453.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 255.64 453.80 Td (than ) Tj ET Q q 0 0 0 rg BT 271.38 453.80 Td (our ) Tj ET Q q 0 0 0 rg BT 284.02 453.80 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 325.76 453.80 Td (which ) Tj ET Q q 0 0 0 rg BT 347.28 453.80 Td (may ) Tj ET Q q 0 0 0 rg BT 363.03 453.80 Td (put ) Tj ET Q q 0 0 0 rg BT 375.22 453.80 Td (us ) Tj ET Q q 0 0 0 rg BT 384.30 453.80 Td (at ) Tj ET Q q 0 0 0 rg BT 392.05 453.80 Td (a ) Tj ET Q q 0 0 0 rg BT 397.57 453.80 Td (competitive ) Tj ET Q q 0 0 0 rg BT 437.30 453.80 Td (disadvantage. ) Tj ET Q q 0 0 0 rg BT 483.04 453.80 Td ( ) Tj ET Q q 0 0 0 rg BT 485.01 453.80 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 517.64 453.80 Td (our ) Tj ET Q q 0 0 0 rg BT 530.27 453.80 Td (high ) Tj ET Q q 0 0 0 rg BT 546.47 453.80 Td (level ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 444.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 444.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 74.44 444.20 Td (may ) Tj ET Q q 0 0 0 rg BT 90.21 444.20 Td (limit ) Tj ET Q q 0 0 0 rg BT 107.32 444.20 Td (our ) Tj ET Q q 0 0 0 rg BT 119.99 444.20 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 153.54 444.20 Td (in ) Tj ET Q q 0 0 0 rg BT 161.76 444.20 Td (planning ) Tj ET Q q 0 0 0 rg BT 191.76 444.20 Td (for) Tj ET Q q 0 0 0 rg BT 200.77 444.20 Td (, ) Tj ET Q q 0 0 0 rg BT 204.77 444.20 Td (or ) Tj ET Q q 0 0 0 rg BT 213.43 444.20 Td (reacting ) Tj ET Q q 0 0 0 rg BT 241.19 444.20 Td (to, ) Tj ET Q q 0 0 0 rg BT 251.41 444.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 279.18 444.20 Td (in ) Tj ET Q q 0 0 0 rg BT 287.40 444.20 Td (our ) Tj ET Q q 0 0 0 rg BT 300.07 444.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 331.18 444.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 364.28 444.20 Td (conditions ) Tj ET Q q 0 0 0 rg BT 399.61 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 413.16 444.20 Td (our ) Tj ET Q q 0 0 0 rg BT 425.82 444.20 Td (industry) Tj ET Q q 0 0 0 rg BT 451.53 444.20 Td (. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 428.60 Td (A) Tj ET Q q 0 0 0 rg BT 54.89 428.60 Td ( further downgrading of our ratings may adversely af) Tj ET Q q 0 0 0 rg BT 230.32 428.60 Td (fect our ability to raise additional financing.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 413.00 Td (Following ) Tj ET Q q 0 0 0 rg BT 85.26 413.00 Td (a ) Tj ET Q q 0 0 0 rg BT 91.18 413.00 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 129.10 413.00 Td (in ) Tj ET Q q 0 0 0 rg BT 137.69 413.00 Td (September ) Tj ET Q q 0 0 0 rg BT 174.27 413.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 194.64 413.00 Td (our ) Tj ET Q q 0 0 0 rg BT 207.67 413.00 Td (corporate ) Tj ET Q q 0 0 0 rg BT 240.24 413.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 260.82 413.00 Td (is ) Tj ET Q q 0 0 0 rg BT 268.53 413.00 Td (rated ) Tj ET Q q 0 0 0 rg BT 286.88 413.00 Td (as ) Tj ET Q q 0 0 0 rg BT 295.92 413.00 Td (Caa1 ) Tj ET Q q 0 0 0 rg BT 314.72 413.00 Td (and ) Tj ET Q q 0 0 0 rg BT 328.64 413.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.79 413.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 359.16 413.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 379.75 413.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 396.78 413.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 417.81 413.00 Td (are ) Tj ET Q q 0 0 0 rg BT 429.95 413.00 Td (rated ) Tj ET Q q 0 0 0 rg BT 448.30 413.00 Td (B1 ) Tj ET Q q 0 0 0 rg BT 460.01 413.00 Td (by ) Tj ET Q q 0 0 0 rg BT 470.38 413.00 Td (Moody) Tj ET Q q 0 0 0 rg BT 495.71 413.00 Td (s ) Tj ET Q q 0 0 0 rg BT 501.20 413.00 Td (Investors ) Tj ET Q q 0 0 0 rg BT 532.89 413.00 Td (Services, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 403.40 Td (which ) Tj ET Q q 0 0 0 rg BT 71.54 403.40 Td (placed ) Tj ET Q q 0 0 0 rg BT 94.40 403.40 Td (these ) Tj ET Q q 0 0 0 rg BT 112.82 403.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 136.58 403.40 Td (under ) Tj ET Q q 0 0 0 rg BT 156.78 403.40 Td (review ) Tj ET Q q 0 0 0 rg BT 180.53 403.40 Td (for ) Tj ET Q q 0 0 0 rg BT 191.84 403.40 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 229.37 403.40 Td (following ) Tj ET Q q 0 0 0 rg BT 262.47 403.40 Td (the ) Tj ET Q q 0 0 0 rg BT 274.22 403.40 Td (release ) Tj ET Q q 0 0 0 rg BT 298.41 403.40 Td (of ) Tj ET Q q 0 0 0 rg BT 307.06 403.40 Td (our ) Tj ET Q q 0 0 0 rg BT 319.71 403.40 Td (third ) Tj ET Q q 0 0 0 rg BT 336.81 403.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 361.44 403.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 379.43 403.40 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 410.52 403.40 Td (Standard ) Tj ET Q q 0 0 0 rg BT 440.94 403.40 Td (& ) Tj ET Q q 0 0 0 rg BT 449.15 403.40 Td (Poor) Tj ET Q q 0 0 0 rg BT 464.56 403.40 Td () Tj ET Q q 0 0 0 rg BT 466.78 403.40 Td (s ) Tj ET Q q 0 0 0 rg BT 471.88 403.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 488.97 403.40 Td (our ) Tj ET Q q 0 0 0 rg BT 501.62 403.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 533.80 403.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 554.00 403.40 Td (B- ) Tj ET Q q 0 0 0 rg BT 564.00 403.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 393.80 Td (and ) Tj ET Q q 0 0 0 rg BT 64.00 393.80 Td (the ) Tj ET Q q 0 0 0 rg BT 76.22 393.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 94.67 393.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 115.34 393.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 132.45 393.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 153.57 393.80 Td (B- ) Tj ET Q q 0 0 0 rg BT 164.02 393.80 Td (and ) Tj ET Q q 0 0 0 rg BT 178.02 393.80 Td (placed ) Tj ET Q q 0 0 0 rg BT 201.34 393.80 Td (these ) Tj ET Q q 0 0 0 rg BT 220.23 393.80 Td (ratings ) Tj ET Q q 0 0 0 rg BT 244.45 393.80 Td (on ) Tj ET Q q 0 0 0 rg BT 254.90 393.80 Td (negative ) Tj ET Q q 0 0 0 rg BT 284.45 393.80 Td (watch ) Tj ET Q q 0 0 0 rg BT 306.00 393.80 Td (in ) Tj ET Q q 0 0 0 rg BT 314.67 393.80 Td (February ) Tj ET Q q 0 0 0 rg BT 346.00 393.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 366.45 393.80 Td ( ) Tj ET Q q 0 0 0 rg BT 368.72 393.80 Td (These ) Tj ET Q q 0 0 0 rg BT 390.27 393.80 Td (ratings ) Tj ET Q q 0 0 0 rg BT 414.49 393.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 437.37 393.80 Td (each ) Tj ET Q q 0 0 0 rg BT 454.47 393.80 Td (agency) Tj ET Q q 0 0 0 rg BT 479.34 393.80 Td (s ) Tj ET Q q 0 0 0 rg BT 484.91 393.80 Td (opinion ) Tj ET Q q 0 0 0 rg BT 511.80 393.80 Td (of ) Tj ET Q q 0 0 0 rg BT 520.91 393.80 Td (our ) Tj ET Q q 0 0 0 rg BT 534.03 393.80 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 384.20 Td (strength, ) Tj ET Q q 0 0 0 rg BT 80.02 384.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 112.48 384.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 155.15 384.20 Td (and ) Tj ET Q q 0 0 0 rg BT 168.95 384.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 191.64 384.20 Td (to ) Tj ET Q q 0 0 0 rg BT 200.11 384.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 217.91 384.20 Td (our ) Tj ET Q q 0 0 0 rg BT 230.82 384.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 246.84 384.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 284.65 384.20 Td (as ) Tj ET Q q 0 0 0 rg BT 293.56 384.20 Td (they ) Tj ET Q q 0 0 0 rg BT 309.58 384.20 Td (become ) Tj ET Q q 0 0 0 rg BT 336.71 384.20 Td (due. ) Tj ET Q q 0 0 0 rg BT 352.51 384.20 Td ( ) Tj ET Q q 0 0 0 rg BT 354.75 384.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 377.00 384.20 Td (rating ) Tj ET Q q 0 0 0 rg BT 397.91 384.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 427.70 384.20 Td (monitor ) Tj ET Q q 0 0 0 rg BT 455.28 384.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 491.74 384.20 Td (very ) Tj ET Q q 0 0 0 rg BT 508.20 384.20 Td (closely ) Tj ET Q q 0 0 0 rg BT 533.11 384.20 Td (and ) Tj ET Q q 0 0 0 rg BT 546.91 384.20 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 374.60 Td (made ) Tj ET Q q 0 0 0 rg BT 69.01 374.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 97.80 374.60 Td (and ) Tj ET Q q 0 0 0 rg BT 111.04 374.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.50 374.60 Td (key ) Tj ET Q q 0 0 0 rg BT 135.73 374.60 Td (ratios ) Tj ET Q q 0 0 0 rg BT 155.19 374.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 189.75 374.60 Td (with ) Tj ET Q q 0 0 0 rg BT 205.65 374.60 Td (it, ) Tj ET Q q 0 0 0 rg BT 213.78 374.60 Td (such ) Tj ET Q q 0 0 0 rg BT 230.13 374.60 Td (as ) Tj ET Q q 0 0 0 rg BT 238.48 374.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 257.05 374.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 285.82 374.60 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 304.17 374.60 Td (a ) Tj ET Q q 0 0 0 rg BT 309.40 374.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 341.73 374.60 Td (priority) Tj ET Q q 0 0 0 rg BT 365.21 374.60 Td (. ) Tj ET Q q 0 0 0 rg BT 368.89 374.60 Td ( ) Tj ET Q q 0 0 0 rg BT 370.46 374.60 Td (W) Tj ET Q q 0 0 0 rg BT 377.37 374.60 Td (e ) Tj ET Q q 0 0 0 rg BT 382.60 374.60 Td (are ) Tj ET Q q 0 0 0 rg BT 394.05 374.60 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 421.95 374.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.86 374.60 Td (be ) Tj ET Q q 0 0 0 rg BT 439.09 374.60 Td (able ) Tj ET Q q 0 0 0 rg BT 454.10 374.60 Td (to ) Tj ET Q q 0 0 0 rg BT 462.01 374.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 487.23 374.60 Td (with ) Tj ET Q q 0 0 0 rg BT 503.14 374.60 Td (suf) Tj ET Q q 0 0 0 rg BT 512.77 374.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 534.89 374.60 Td (liquidity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 365.00 Td (in ) Tj ET Q q 0 0 0 rg BT 58.30 365.00 Td (the ) Tj ET Q q 0 0 0 rg BT 70.15 365.00 Td (next ) Tj ET Q q 0 0 0 rg BT 86.00 365.00 Td (twelve ) Tj ET Q q 0 0 0 rg BT 109.41 365.00 Td (months ) Tj ET Q q 0 0 0 rg BT 135.04 365.00 Td (to ) Tj ET Q q 0 0 0 rg BT 143.34 365.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 173.41 365.00 Td (our ) Tj ET Q q 0 0 0 rg BT 186.16 365.00 Td (current ) Tj ET Q q 0 0 0 rg BT 210.89 365.00 Td (ratings ) Tj ET Q q 0 0 0 rg BT 234.74 365.00 Td (if ) Tj ET Q q 0 0 0 rg BT 241.70 365.00 Td (we ) Tj ET Q q 0 0 0 rg BT 253.11 365.00 Td (do ) Tj ET Q q 0 0 0 rg BT 263.19 365.00 Td (not ) Tj ET Q q 0 0 0 rg BT 275.49 365.00 Td (secure ) Tj ET Q q 0 0 0 rg BT 298.00 365.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.07 365.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 364.36 365.00 Td (or ) Tj ET Q q 0 0 0 rg BT 373.10 365.00 Td (if ) Tj ET Q q 0 0 0 rg BT 380.06 365.00 Td (we ) Tj ET Q q 0 0 0 rg BT 391.47 365.00 Td (are ) Tj ET Q q 0 0 0 rg BT 403.31 365.00 Td (not ) Tj ET Q q 0 0 0 rg BT 415.61 365.00 Td (able ) Tj ET Q q 0 0 0 rg BT 431.02 365.00 Td (to ) Tj ET Q q 0 0 0 rg BT 439.32 365.00 Td (improve ) Tj ET Q q 0 0 0 rg BT 468.05 365.00 Td (our ) Tj ET Q q 0 0 0 rg BT 480.80 365.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.86 365.00 Td (performance. ) Tj ET Q q 0 0 0 rg BT 555.36 365.00 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 355.40 Td (the ) Tj ET Q q 0 0 0 rg BT 62.07 355.40 Td (event ) Tj ET Q q 0 0 0 rg BT 81.68 355.40 Td (our ) Tj ET Q q 0 0 0 rg BT 94.64 355.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 110.71 355.40 Td (or ) Tj ET Q q 0 0 0 rg BT 119.66 355.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 152.16 355.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 172.66 355.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 196.73 355.40 Td (are ) Tj ET Q q 0 0 0 rg BT 208.79 355.40 Td (further ) Tj ET Q q 0 0 0 rg BT 232.85 355.40 Td (lowered ) Tj ET Q q 0 0 0 rg BT 260.91 355.40 Td (by ) Tj ET Q q 0 0 0 rg BT 271.20 355.40 Td (the ) Tj ET Q q 0 0 0 rg BT 283.27 355.40 Td (ratings ) Tj ET Q q 0 0 0 rg BT 307.33 355.40 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 339.16 355.40 Td (it ) Tj ET Q q 0 0 0 rg BT 345.90 355.40 Td (will ) Tj ET Q q 0 0 0 rg BT 360.64 355.40 Td (be ) Tj ET Q q 0 0 0 rg BT 370.48 355.40 Td (more ) Tj ET Q q 0 0 0 rg BT 389.21 355.40 Td (dif) Tj ET Q q 0 0 0 rg BT 397.96 355.40 Td (ficult ) Tj ET Q q 0 0 0 rg BT 417.13 355.40 Td (for ) Tj ET Q q 0 0 0 rg BT 428.75 355.40 Td (us ) Tj ET Q q 0 0 0 rg BT 438.16 355.40 Td (to ) Tj ET Q q 0 0 0 rg BT 446.68 355.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 478.72 355.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 522.34 355.40 Td (or ) Tj ET Q q 0 0 0 rg BT 531.30 355.40 Td (raise ) Tj ET Q q 0 0 0 rg BT 548.69 355.40 Td (new ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 345.80 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 92.79 345.80 Td (that ) Tj ET Q q 0 0 0 rg BT 106.25 345.80 Td (may ) Tj ET Q q 0 0 0 rg BT 121.49 345.80 Td (be ) Tj ET Q q 0 0 0 rg BT 130.50 345.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 162.63 345.80 Td (under ) Tj ET Q q 0 0 0 rg BT 182.30 345.80 Td (our ) Tj ET Q q 0 0 0 rg BT 194.43 345.80 Td (indentures ) Tj ET Q q 0 0 0 rg BT 229.22 345.80 Td (and ) Tj ET Q q 0 0 0 rg BT 242.24 345.80 Td (we ) Tj ET Q q 0 0 0 rg BT 253.03 345.80 Td (will ) Tj ET Q q 0 0 0 rg BT 266.94 345.80 Td (have ) Tj ET Q q 0 0 0 rg BT 283.51 345.80 Td (to ) Tj ET Q q 0 0 0 rg BT 291.20 345.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 304.21 345.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 326.11 345.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 351.13 345.80 Td (rates, ) Tj ET Q q 0 0 0 rg BT 369.69 345.80 Td (which ) Tj ET Q q 0 0 0 rg BT 390.71 345.80 Td (would ) Tj ET Q q 0 0 0 rg BT 412.17 345.80 Td (have ) Tj ET Q q 0 0 0 rg BT 428.74 345.80 Td (an ) Tj ET Q q 0 0 0 rg BT 437.75 345.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 463.65 345.80 Td (ef) Tj ET Q q 0 0 0 rg BT 469.72 345.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 483.17 345.80 Td (on ) Tj ET Q q 0 0 0 rg BT 492.64 345.80 Td (our ) Tj ET Q q 0 0 0 rg BT 504.77 345.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.21 345.80 Td (position, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 336.20 Td (results ) Tj ET Q q 0 0 0 rg BT 72.89 336.20 Td (of ) Tj ET Q q 0 0 0 rg BT 81.55 336.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.88 336.20 Td (and ) Tj ET Q q 0 0 0 rg BT 130.43 336.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.64 336.20 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 317.60 Td (If our goodwill, other intangible assets and long-lived assets become impaired, we may be required to record significant charges to earnings. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 302.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 302.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.69 302.00 Td (review ) Tj ET Q q 0 0 0 rg BT 86.68 302.00 Td (our ) Tj ET Q q 0 0 0 rg BT 99.58 302.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 134.69 302.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 155.58 302.00 Td (for ) Tj ET Q q 0 0 0 rg BT 167.14 302.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 206.24 302.00 Td (when ) Tj ET Q q 0 0 0 rg BT 225.80 302.00 Td (events ) Tj ET Q q 0 0 0 rg BT 248.47 302.00 Td (or ) Tj ET Q q 0 0 0 rg BT 257.36 302.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 285.35 302.00 Td (in ) Tj ET Q q 0 0 0 rg BT 293.80 302.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 341.35 302.00 Td (indicate ) Tj ET Q q 0 0 0 rg BT 368.89 302.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.90 302.00 Td (carrying ) Tj ET Q q 0 0 0 rg BT 409.78 302.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.00 302.00 Td (may ) Tj ET Q q 0 0 0 rg BT 452.00 302.00 Td (not ) Tj ET Q q 0 0 0 rg BT 464.46 302.00 Td (be ) Tj ET Q q 0 0 0 rg BT 474.23 302.00 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 515.77 302.00 Td ( ) Tj ET Q q 0 0 0 rg BT 518.00 302.00 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 550.45 302.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 292.40 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 100.96 292.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 134.60 292.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 154.91 292.40 Td (are ) Tj ET Q q 0 0 0 rg BT 166.32 292.40 Td (required ) Tj ET Q q 0 0 0 rg BT 194.61 292.40 Td (to ) Tj ET Q q 0 0 0 rg BT 202.48 292.40 Td (be ) Tj ET Q q 0 0 0 rg BT 211.68 292.40 Td (assessed ) Tj ET Q q 0 0 0 rg BT 240.43 292.40 Td (for ) Tj ET Q q 0 0 0 rg BT 251.40 292.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 289.92 292.40 Td (at ) Tj ET Q q 0 0 0 rg BT 297.34 292.40 Td (least ) Tj ET Q q 0 0 0 rg BT 313.64 292.40 Td (annually) Tj ET Q q 0 0 0 rg BT 340.67 292.40 Td (. ) Tj ET Q q 0 0 0 rg BT 344.32 292.40 Td ( ) Tj ET Q q 0 0 0 rg BT 345.96 292.40 Td (Factors ) Tj ET Q q 0 0 0 rg BT 371.16 292.40 Td (that ) Tj ET Q q 0 0 0 rg BT 384.80 292.40 Td (may ) Tj ET Q q 0 0 0 rg BT 400.21 292.40 Td (be ) Tj ET Q q 0 0 0 rg BT 409.41 292.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 445.71 292.40 Td (a ) Tj ET Q q 0 0 0 rg BT 450.90 292.40 Td (change ) Tj ET Q q 0 0 0 rg BT 475.20 292.40 Td (in ) Tj ET Q q 0 0 0 rg BT 483.07 292.40 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.02 292.40 Td (indicating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 282.80 Td (that ) Tj ET Q q 0 0 0 rg BT 63.65 282.80 Td (the ) Tj ET Q q 0 0 0 rg BT 75.07 282.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 103.37 282.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 129.02 282.80 Td (of ) Tj ET Q q 0 0 0 rg BT 137.33 282.80 Td (our ) Tj ET Q q 0 0 0 rg BT 149.64 282.80 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 181.74 282.80 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 232.70 282.80 Td (intangible ) Tj ET Q q 0 0 0 rg BT 266.34 282.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 286.66 282.80 Td (or ) Tj ET Q q 0 0 0 rg BT 294.97 282.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 329.50 282.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.82 282.80 Td (may ) Tj ET Q q 0 0 0 rg BT 365.24 282.80 Td (not ) Tj ET Q q 0 0 0 rg BT 377.11 282.80 Td (be ) Tj ET Q q 0 0 0 rg BT 386.31 282.80 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 425.27 282.80 Td (include ) Tj ET Q q 0 0 0 rg BT 450.46 282.80 Td (slower ) Tj ET Q q 0 0 0 rg BT 473.44 282.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 497.75 282.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 514.50 282.80 Td (in ) Tj ET Q q 0 0 0 rg BT 522.38 282.80 Td (our ) Tj ET Q q 0 0 0 rg BT 534.69 282.80 Td (markets, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 273.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 77.17 273.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 107.45 273.20 Td (future ) Tj ET Q q 0 0 0 rg BT 128.40 273.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.47 273.20 Td (flows, ) Tj ET Q q 0 0 0 rg BT 166.10 273.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 198.15 273.20 Td (country ) Tj ET Q q 0 0 0 rg BT 224.44 273.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 238.30 273.20 Td (premium ) Tj ET Q q 0 0 0 rg BT 269.03 273.20 Td (as ) Tj ET Q q 0 0 0 rg BT 277.55 273.20 Td (a ) Tj ET Q q 0 0 0 rg BT 282.95 273.20 Td (result ) Tj ET Q q 0 0 0 rg BT 302.58 273.20 Td (of ) Tj ET Q q 0 0 0 rg BT 311.09 273.20 Td (political ) Tj ET Q q 0 0 0 rg BT 339.16 273.20 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 377.00 273.20 Td (and ) Tj ET Q q 0 0 0 rg BT 390.40 273.20 Td (a ) Tj ET Q q 0 0 0 rg BT 395.81 273.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 420.76 273.20 Td (in ) Tj ET Q q 0 0 0 rg BT 428.83 273.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 447.57 273.20 Td (price ) Tj ET Q q 0 0 0 rg BT 465.41 273.20 Td (and ) Tj ET Q q 0 0 0 rg BT 478.81 273.20 Td (market ) Tj ET Q q 0 0 0 rg BT 502.88 273.20 Td (capitalization. ) Tj ET Q q 0 0 0 rg BT 549.82 273.20 Td ( ) Tj ET Q q 0 0 0 rg BT 551.54 273.20 Td (W) Tj ET Q q 0 0 0 rg BT 558.45 273.20 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 263.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 78.88 263.60 Td (available ) Tj ET Q q 0 0 0 rg BT 109.52 263.60 Td (current ) Tj ET Q q 0 0 0 rg BT 133.95 263.60 Td (information ) Tj ET Q q 0 0 0 rg BT 173.49 263.60 Td (when ) Tj ET Q q 0 0 0 rg BT 192.59 263.60 Td (calculating ) Tj ET Q q 0 0 0 rg BT 229.46 263.60 Td (our ) Tj ET Q q 0 0 0 rg BT 241.89 263.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 280.55 263.60 Td (char) Tj ET Q q 0 0 0 rg BT 294.17 263.60 Td (ge. ) Tj ET Q q 0 0 0 rg BT 305.49 263.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.14 263.60 Td (W) Tj ET Q q 0 0 0 rg BT 314.05 263.60 Td (e ) Tj ET Q q 0 0 0 rg BT 319.37 263.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 349.13 263.60 Td (an ) Tj ET Q q 0 0 0 rg BT 358.45 263.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 397.10 263.60 Td (char) Tj ET Q q 0 0 0 rg BT 410.72 263.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 420.05 263.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.49 263.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.49 263.60 Td (79.7 ) Tj ET Q q 0 0 0 rg BT 460.26 263.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.37 263.60 Td ( ) Tj ET Q q 0 0 0 rg BT 485.15 263.60 Td (with ) Tj ET Q q 0 0 0 rg BT 501.14 263.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 525.57 263.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.56 263.60 Td (goodwill ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 254.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.81 254.00 Td (other ) Tj ET Q q 0 0 0 rg BT 82.50 254.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 116.75 254.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 137.67 254.00 Td (in ) Tj ET Q q 0 0 0 rg BT 146.15 254.00 Td (our ) Tj ET Q q 0 0 0 rg BT 159.07 254.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 188.87 254.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.68 254.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 232.93 254.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 264.51 254.00 Td (units ) Tj ET Q q 0 0 0 rg BT 282.32 254.00 Td (during ) Tj ET Q q 0 0 0 rg BT 305.46 254.00 Td (the ) Tj ET Q q 0 0 0 rg BT 317.49 254.00 Td (three ) Tj ET Q q 0 0 0 rg BT 335.74 254.00 Td (months ) Tj ET Q q 0 0 0 rg BT 361.55 254.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.91 254.00 Td (December ) Tj ET Q q 0 0 0 rg BT 418.03 254.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 430.29 254.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 448.54 254.00 Td (as ) Tj ET Q q 0 0 0 rg BT 457.46 254.00 Td (a ) Tj ET Q q 0 0 0 rg BT 463.27 254.00 Td (result ) Tj ET Q q 0 0 0 rg BT 483.30 254.00 Td (of ) Tj ET Q q 0 0 0 rg BT 492.22 254.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.25 254.00 Td (downward ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 244.40 Td (revisions ) Tj ET Q q 0 0 0 rg BT 80.65 244.40 Td (in ) Tj ET Q q 0 0 0 rg BT 88.64 244.40 Td (our ) Tj ET Q q 0 0 0 rg BT 101.07 244.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 132.61 244.40 Td (of ) Tj ET Q q 0 0 0 rg BT 141.04 244.40 Td (the ) Tj ET Q q 0 0 0 rg BT 152.58 244.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 168.56 244.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 188.11 244.40 Td (our ) Tj ET Q q 0 0 0 rg BT 200.54 244.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.63 244.40 Td (will ) Tj ET Q q 0 0 0 rg BT 249.84 244.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 278.70 244.40 Td (in ) Tj ET Q q 0 0 0 rg BT 286.68 244.40 Td (future ) Tj ET Q q 0 0 0 rg BT 307.55 244.40 Td (periods. ) Tj ET Q q 0 0 0 rg BT 334.87 244.40 Td ( ) Tj ET Q q 0 0 0 rg BT 336.64 244.40 Td (If ) Tj ET Q q 0 0 0 rg BT 343.73 244.40 Td (there ) Tj ET Q q 0 0 0 rg BT 361.49 244.40 Td (are ) Tj ET Q q 0 0 0 rg BT 373.02 244.40 Td (indicators ) Tj ET Q q 0 0 0 rg BT 406.33 244.40 Td (of ) Tj ET Q q 0 0 0 rg BT 414.76 244.40 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 455.41 244.40 Td (our ) Tj ET Q q 0 0 0 rg BT 467.84 244.40 Td (long-term ) Tj ET Q q 0 0 0 rg BT 501.15 244.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 517.13 244.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 533.56 244.40 Td (forecasts ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 234.80 Td (for ) Tj ET Q q 0 0 0 rg BT 61.16 234.80 Td (our ) Tj ET Q q 0 0 0 rg BT 73.65 234.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 108.80 234.80 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 144.82 234.80 Td (or ) Tj ET Q q 0 0 0 rg BT 153.32 234.80 Td (discount ) Tj ET Q q 0 0 0 rg BT 182.25 234.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 199.18 234.80 Td (increase, ) Tj ET Q q 0 0 0 rg BT 229.21 234.80 Td (we ) Tj ET Q q 0 0 0 rg BT 240.37 234.80 Td (may ) Tj ET Q q 0 0 0 rg BT 255.97 234.80 Td (be ) Tj ET Q q 0 0 0 rg BT 265.34 234.80 Td (required ) Tj ET Q q 0 0 0 rg BT 293.82 234.80 Td (to ) Tj ET Q q 0 0 0 rg BT 301.87 234.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 334.79 234.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.61 234.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 407.32 234.80 Td (char) Tj ET Q q 0 0 0 rg BT 420.94 234.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 433.43 234.80 Td (in ) Tj ET Q q 0 0 0 rg BT 441.48 234.80 Td (later ) Tj ET Q q 0 0 0 rg BT 457.52 234.80 Td (periods. ) Tj ET Q q 0 0 0 rg BT 484.89 234.80 Td (See ) Tj ET Q q 0 0 0 rg BT 498.27 234.80 Td (Part ) Tj ET Q q 0 0 0 rg BT 512.99 234.80 Td (II, ) Tj ET Q q 0 0 0 rg BT 522.14 234.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 538.63 234.80 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.46 234.80 Td (Note ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 225.20 Td (4, ) Tj ET Q q 0 0 0 rg BT 58.00 225.20 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 93.49 225.20 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 225.20 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 141.03 225.20 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.19 225.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.19 225.20 Td (for ) Tj ET Q q 0 0 0 rg BT 178.52 225.20 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 225.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 218.94 225.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.05 225.20 Td (of ) Tj ET Q q 0 0 0 rg BT 256.71 225.20 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 287.16 225.20 Td (in ) Tj ET Q q 0 0 0 rg BT 295.38 225.20 Td (each ) Tj ET Q q 0 0 0 rg BT 312.04 225.20 Td (of ) Tj ET Q q 0 0 0 rg BT 320.70 225.20 Td (our ) Tj ET Q q 0 0 0 rg BT 333.36 225.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 364.69 225.20 Td (units.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 206.60 Td (Changes to our business could result in future costs or charges.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 191.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 191.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.91 191.00 Td (periodically ) Tj ET Q q 0 0 0 rg BT 101.56 191.00 Td (adjust ) Tj ET Q q 0 0 0 rg BT 122.11 191.00 Td (our ) Tj ET Q q 0 0 0 rg BT 134.22 191.00 Td (business ) Tj ET Q q 0 0 0 rg BT 162.78 191.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 189.55 191.00 Td (in ) Tj ET Q q 0 0 0 rg BT 197.22 191.00 Td (response ) Tj ET Q q 0 0 0 rg BT 226.66 191.00 Td (to ) Tj ET Q q 0 0 0 rg BT 234.32 191.00 Td (particular ) Tj ET Q q 0 0 0 rg BT 266.42 191.00 Td (events ) Tj ET Q q 0 0 0 rg BT 288.30 191.00 Td (and ) Tj ET Q q 0 0 0 rg BT 301.30 191.00 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 350.05 191.00 Td (including ) Tj ET Q q 0 0 0 rg BT 381.72 191.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 414.26 191.00 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 451.04 191.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 478.71 191.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 505.92 191.00 Td (and ) Tj ET Q q 0 0 0 rg BT 518.91 191.00 Td (technological ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 181.40 Td (developments, ) Tj ET Q q 0 0 0 rg BT 98.53 181.40 Td (as ) Tj ET Q q 0 0 0 rg BT 107.29 181.40 Td (reflected ) Tj ET Q q 0 0 0 rg BT 137.37 181.40 Td (by ) Tj ET Q q 0 0 0 rg BT 147.47 181.40 Td (the ) Tj ET Q q 0 0 0 rg BT 159.34 181.40 Td (change ) Tj ET Q q 0 0 0 rg BT 184.09 181.40 Td (in ) Tj ET Q q 0 0 0 rg BT 192.41 181.40 Td (our ) Tj ET Q q 0 0 0 rg BT 205.18 181.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 236.60 181.40 Td (segments ) Tj ET Q q 0 0 0 rg BT 268.47 181.40 Td (starting ) Tj ET Q q 0 0 0 rg BT 294.57 181.40 Td (January ) Tj ET Q q 0 0 0 rg BT 321.54 181.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 329.64 181.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 349.74 181.40 Td ( ) Tj ET Q q 0 0 0 rg BT 351.84 181.40 Td (In ) Tj ET Q q 0 0 0 rg BT 360.60 181.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 397.80 181.40 Td (with ) Tj ET Q q 0 0 0 rg BT 414.12 181.40 Td (the ) Tj ET Q q 0 0 0 rg BT 425.99 181.40 Td (implementation ) Tj ET Q q 0 0 0 rg BT 478.30 181.40 Td (of ) Tj ET Q q 0 0 0 rg BT 487.06 181.40 Td (new ) Tj ET Q q 0 0 0 rg BT 502.49 181.40 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 536.80 181.40 Td (we ) Tj ET Q q 0 0 0 rg BT 548.23 181.40 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 171.80 Td (decide ) Tj ET Q q 0 0 0 rg BT 72.73 171.80 Td (to ) Tj ET Q q 0 0 0 rg BT 80.80 171.80 Td (restructure ) Tj ET Q q 0 0 0 rg BT 116.86 171.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 140.48 171.80 Td (of ) Tj ET Q q 0 0 0 rg BT 148.99 171.80 Td (our ) Tj ET Q q 0 0 0 rg BT 161.51 171.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 198.69 171.80 Td (business ) Tj ET Q q 0 0 0 rg BT 227.66 171.80 Td (or ) Tj ET Q q 0 0 0 rg BT 236.17 171.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 256.69 171.80 Td (in ) Tj ET Q q 0 0 0 rg BT 264.77 171.80 Td (order ) Tj ET Q q 0 0 0 rg BT 283.50 171.80 Td (to ) Tj ET Q q 0 0 0 rg BT 291.58 171.80 Td (optimize ) Tj ET Q q 0 0 0 rg BT 321.42 171.80 Td (our ) Tj ET Q q 0 0 0 rg BT 333.94 171.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 348.68 171.80 Td (structure ) Tj ET Q q 0 0 0 rg BT 378.52 171.80 Td (and ) Tj ET Q q 0 0 0 rg BT 391.93 171.80 Td (capture ) Tj ET Q q 0 0 0 rg BT 417.32 171.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.38 171.80 Td (ef) Tj ET Q q 0 0 0 rg BT 455.45 171.80 Td (ficiencies. ) Tj ET Q q 0 0 0 rg BT 489.96 171.80 Td ( ) Tj ET Q q 0 0 0 rg BT 491.81 171.80 Td (For ) Tj ET Q q 0 0 0 rg BT 504.78 171.80 Td (example, ) Tj ET Q q 0 0 0 rg BT 535.73 171.80 Td (we ) Tj ET Q q 0 0 0 rg BT 546.91 171.80 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 162.20 Td (expanded ) Tj ET Q q 0 0 0 rg BT 82.45 162.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.02 162.20 Td (scope ) Tj ET Q q 0 0 0 rg BT 114.03 162.20 Td (of ) Tj ET Q q 0 0 0 rg BT 122.49 162.20 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 162.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 170.52 162.20 Td (announced ) Tj ET Q q 0 0 0 rg BT 206.97 162.20 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 249.64 162.20 Td (plans ) Tj ET Q q 0 0 0 rg BT 268.33 162.20 Td (to ) Tj ET Q q 0 0 0 rg BT 276.35 162.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 301.68 162.20 Td (with ) Tj ET Q q 0 0 0 rg BT 317.70 162.20 Td (a ) Tj ET Q q 0 0 0 rg BT 323.05 162.20 Td (more ) Tj ET Q q 0 0 0 rg BT 341.29 162.20 Td (ef) Tj ET Q q 0 0 0 rg BT 347.36 162.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 370.91 162.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 385.60 162.20 Td (base ) Tj ET Q q 0 0 0 rg BT 401.61 162.20 Td (and ) Tj ET Q q 0 0 0 rg BT 414.96 162.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 443.41 162.20 Td (char) Tj ET Q q 0 0 0 rg BT 457.03 162.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 469.49 162.20 Td (in ) Tj ET Q q 0 0 0 rg BT 477.51 162.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 495.30 162.20 Td (of ) Tj ET Q q 0 0 0 rg BT 503.77 162.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 551.77 162.20 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 152.60 Td ($ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.05 152.60 Td (18.6 ) Tj ET Q q 0 0 0 rg BT 72.10 152.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.22 152.60 Td (. ) Tj ET Q q 0 0 0 rg BT 99.27 152.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.17 152.60 Td (W) Tj ET Q q 0 0 0 rg BT 108.08 152.60 Td (e ) Tj ET Q q 0 0 0 rg BT 113.68 152.60 Td (also ) Tj ET Q q 0 0 0 rg BT 128.62 152.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 157.33 152.60 Td (total ) Tj ET Q q 0 0 0 rg BT 173.60 152.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 207.18 152.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 225.23 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.95 152.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 282.21 152.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 298.49 152.60 Td (7.1 ) Tj ET Q q 0 0 0 rg BT 310.54 152.60 Td (million ) Tj ET Q q 0 0 0 rg BT 335.70 152.60 Td (during ) Tj ET Q q 0 0 0 rg BT 358.64 152.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.47 152.60 Td (third ) Tj ET Q q 0 0 0 rg BT 387.63 152.60 Td (and ) Tj ET Q q 0 0 0 rg BT 401.23 152.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 422.83 152.60 Td (quarters ) Tj ET Q q 0 0 0 rg BT 450.65 152.60 Td (of ) Tj ET Q q 0 0 0 rg BT 459.37 152.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 479.42 152.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.02 152.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 517.29 152.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 541.56 152.60 Td (events ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 143.00 Td (could ) Tj ET Q q 0 0 0 rg BT 69.71 143.00 Td (also ) Tj ET Q q 0 0 0 rg BT 84.54 143.00 Td (result ) Tj ET Q q 0 0 0 rg BT 104.26 143.00 Td (in ) Tj ET Q q 0 0 0 rg BT 112.42 143.00 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 155.24 143.00 Td (and ) Tj ET Q q 0 0 0 rg BT 168.73 143.00 Td (other ) Tj ET Q q 0 0 0 rg BT 187.11 143.00 Td (char) Tj ET Q q 0 0 0 rg BT 200.73 143.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 213.34 143.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.83 143.00 Td (the ) Tj ET Q q 0 0 0 rg BT 238.54 143.00 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 274.24 143.00 Td (of ) Tj ET Q q 0 0 0 rg BT 282.84 143.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 316.78 143.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 334.72 143.00 Td (or ) Tj ET Q q 0 0 0 rg BT 343.32 143.00 Td (may ) Tj ET Q q 0 0 0 rg BT 359.04 143.00 Td (require ) Tj ET Q q 0 0 0 rg BT 383.63 143.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 419.34 143.00 Td (management ) Tj ET Q q 0 0 0 rg BT 462.16 143.00 Td (time ) Tj ET Q q 0 0 0 rg BT 478.32 143.00 Td (to ) Tj ET Q q 0 0 0 rg BT 486.48 143.00 Td (implement. ) Tj ET Q q 0 0 0 rg BT 524.64 143.00 Td ( ) Tj ET Q q 0 0 0 rg BT 526.58 143.00 Td (If ) Tj ET Q q 0 0 0 rg BT 533.85 143.00 Td (any ) Tj ET Q q 0 0 0 rg BT 547.34 143.00 Td (such ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 133.40 Td (char) Tj ET Q q 0 0 0 rg BT 63.62 133.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 76.29 133.40 Td (are ) Tj ET Q q 0 0 0 rg BT 88.05 133.40 Td (material, ) Tj ET Q q 0 0 0 rg BT 118.26 133.40 Td (they ) Tj ET Q q 0 0 0 rg BT 134.03 133.40 Td (could ) Tj ET Q q 0 0 0 rg BT 153.80 133.40 Td (have ) Tj ET Q q 0 0 0 rg BT 170.91 133.40 Td (an ) Tj ET Q q 0 0 0 rg BT 180.46 133.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 206.89 133.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 230.66 133.40 Td (on ) Tj ET Q q 0 0 0 rg BT 240.66 133.40 Td (our ) Tj ET Q q 0 0 0 rg BT 253.32 133.40 Td (results ) Tj ET Q q 0 0 0 rg BT 276.21 133.40 Td (of ) Tj ET Q q 0 0 0 rg BT 284.87 133.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 320.20 133.40 Td (and ) Tj ET Q q 0 0 0 rg BT 333.75 133.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.96 133.40 Td (flows.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (13) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (A) Tj ET Q q 0 0 0 rg BT 54.89 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 56.89 743.60 Td (default ) Tj ET Q q 0 0 0 rg BT 82.00 743.60 Td (by ) Tj ET Q q 0 0 0 rg BT 91.55 743.60 Td (us ) Tj ET Q q 0 0 0 rg BT 101.12 743.60 Td (in ) Tj ET Q q 0 0 0 rg BT 109.79 743.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 148.23 743.60 Td (with ) Tj ET Q q 0 0 0 rg BT 164.46 743.60 Td (our ) Tj ET Q q 0 0 0 rg BT 178.03 743.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 216.48 743.60 Td (under ) Tj ET Q q 0 0 0 rg BT 238.04 743.60 Td (our ) Tj ET Q q 0 0 0 rg BT 251.61 743.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 292.73 743.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 336.96 743.60 Td (could ) Tj ET Q q 0 0 0 rg BT 357.18 743.60 Td (result ) Tj ET Q q 0 0 0 rg BT 377.85 743.60 Td (in ) Tj ET Q q 0 0 0 rg BT 386.52 743.60 Td (our ) Tj ET Q q 0 0 0 rg BT 400.09 743.60 Td (inability ) Tj ET Q q 0 0 0 rg BT 429.20 743.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.42 743.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 468.32 743.60 Td (to ) Tj ET Q q 0 0 0 rg BT 476.54 743.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 504.76 743.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.32 743.60 Td (business.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.45 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 89.11 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 101.33 728.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 121.55 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 130.66 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 142.88 728.00 Td (indentures ) Tj ET Q q 0 0 0 rg BT 178.65 728.00 Td (governing ) Tj ET Q q 0 0 0 rg BT 213.53 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 225.75 728.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 244.20 728.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 264.86 728.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 281.97 728.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 305.08 728.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 323.52 728.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 344.19 728.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 361.30 728.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 382.41 728.00 Td (\(until ) Tj ET Q q 0 0 0 rg BT 402.18 728.00 Td (dischar) Tj ET Q q 0 0 0 rg BT 425.14 728.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 439.14 728.00 Td (following ) Tj ET Q q 0 0 0 rg BT 472.69 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.91 728.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 510.46 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.57 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 728.00 Td (financing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (transactions\) ) Tj ET Q q 0 0 0 rg BT 92.93 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 106.54 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.38 718.40 Td (2015 ) Tj ET Q q 0 0 0 rg BT 136.44 718.40 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 176.27 718.40 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 198.99 718.40 Td (we ) Tj ET Q q 0 0 0 rg BT 210.38 718.40 Td (pledged, ) Tj ET Q q 0 0 0 rg BT 239.76 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 253.37 718.40 Td (under ) Tj ET Q q 0 0 0 rg BT 273.65 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.48 718.40 Td (indenture ) Tj ET Q q 0 0 0 rg BT 317.75 718.40 Td (governing ) Tj ET Q q 0 0 0 rg BT 352.25 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 364.08 718.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 382.14 718.40 Td (PIK ) Tj ET Q q 0 0 0 rg BT 397.09 718.40 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 419.81 718.40 Td (assuming ) Tj ET Q q 0 0 0 rg BT 452.10 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.93 718.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 489.10 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 497.82 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 509.65 718.40 Td (Rights ) Tj ET Q q 0 0 0 rg BT 532.61 718.40 Td (Of) Tj ET Q q 0 0 0 rg BT 540.91 718.40 Td (fering, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.71 708.80 Td (under ) Tj ET Q q 0 0 0 rg BT 84.07 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 96.00 708.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 131.47 708.80 Td (for ) Tj ET Q q 0 0 0 rg BT 142.95 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 154.72 708.80 Td (T) Tj ET Q q 0 0 0 rg BT 159.33 708.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 173.32 708.80 Td (W) Tj ET Q q 0 0 0 rg BT 180.23 708.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 198.66 708.80 Td (T) Tj ET Q q 0 0 0 rg BT 202.99 708.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 217.58 708.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 236.17 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 244.99 708.80 Td (well ) Tj ET Q q 0 0 0 rg BT 260.92 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 269.74 708.80 Td (under ) Tj ET Q q 0 0 0 rg BT 290.11 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 708.80 Td (T) Tj ET Q q 0 0 0 rg BT 306.48 708.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 320.48 708.80 Td (W) Tj ET Q q 0 0 0 rg BT 327.39 708.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 345.97 708.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 381.46 708.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 403.61 708.80 Td (Facility) Tj ET Q q 0 0 0 rg BT 427.53 708.80 Td (, ) Tj ET Q q 0 0 0 rg BT 431.69 708.80 Td (we ) Tj ET Q q 0 0 0 rg BT 443.17 708.80 Td (will ) Tj ET Q q 0 0 0 rg BT 457.77 708.80 Td (pledge, ) Tj ET Q q 0 0 0 rg BT 483.25 708.80 Td (all ) Tj ET Q q 0 0 0 rg BT 493.40 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 502.22 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 514.14 708.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.29 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 544.67 708.80 Td (CME ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (NV) Tj ET Q q 0 0 0 rg BT 61.41 699.20 Td ( ) Tj ET Q q 0 0 0 rg BT 63.74 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 77.62 699.20 Td (all ) Tj ET Q q 0 0 0 rg BT 87.95 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 96.95 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 109.05 699.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 131.37 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 140.37 699.20 Td (CME ) Tj ET Q q 0 0 0 rg BT 160.04 699.20 Td (BV) Tj ET Q q 0 0 0 rg BT 170.12 699.20 Td (, ) Tj ET Q q 0 0 0 rg BT 174.45 699.20 Td (which ) Tj ET Q q 0 0 0 rg BT 196.33 699.20 Td (together ) Tj ET Q q 0 0 0 rg BT 224.87 699.20 Td (own ) Tj ET Q q 0 0 0 rg BT 240.98 699.20 Td (substantially ) Tj ET Q q 0 0 0 rg BT 283.75 699.20 Td (all ) Tj ET Q q 0 0 0 rg BT 294.08 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 303.08 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 315.18 699.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 344.17 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 352.72 699.20 Td (our ) Tj ET Q q 0 0 0 rg BT 365.72 699.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 398.26 699.20 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 440.37 699.20 Td (as ) Tj ET Q q 0 0 0 rg BT 449.36 699.20 Td (security ) Tj ET Q q 0 0 0 rg BT 477.02 699.20 Td (for ) Tj ET Q q 0 0 0 rg BT 488.68 699.20 Td (this ) Tj ET Q q 0 0 0 rg BT 502.57 699.20 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 548.22 699.20 Td (\(For ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 83.69 689.60 Td (information ) Tj ET Q q 0 0 0 rg BT 123.15 689.60 Td (on ) Tj ET Q q 0 0 0 rg BT 132.85 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.32 689.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 176.23 689.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 218.13 689.60 Td (see ) Tj ET Q q 0 0 0 rg BT 230.05 689.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 244.63 689.60 Td (II, ) Tj ET Q q 0 0 0 rg BT 253.65 689.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 270.01 689.60 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.71 689.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 294.95 689.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 306.65 689.60 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 348.50 689.60 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.54 689.60 Td (.\) ) Tj ET Q q 0 0 0 rg BT 379.90 689.60 Td ( ) Tj ET Q q 0 0 0 rg BT 381.59 689.60 Td (In ) Tj ET Q q 0 0 0 rg BT 389.95 689.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 419.87 689.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 449.12 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 457.04 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 468.50 689.60 Td (indenture ) Tj ET Q q 0 0 0 rg BT 500.41 689.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 534.55 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.02 689.60 Td (2017 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 70.16 680.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 86.76 680.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 109.37 680.00 Td (we ) Tj ET Q q 0 0 0 rg BT 120.63 680.00 Td (pledged ) Tj ET Q q 0 0 0 rg BT 147.90 680.00 Td (our ) Tj ET Q q 0 0 0 rg BT 160.50 680.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 195.77 680.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 224.37 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 232.53 680.00 Td (CET) Tj ET Q q 0 0 0 rg BT 247.49 680.00 Td ( ) Tj ET Q q 0 0 0 rg BT 249.43 680.00 Td (21 ) Tj ET Q q 0 0 0 rg BT 259.37 680.00 Td (and ) Tj ET Q q 0 0 0 rg BT 272.86 680.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 315.24 680.00 Td (all ) Tj ET Q q 0 0 0 rg BT 325.18 680.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.78 680.00 Td (CET) Tj ET Q q 0 0 0 rg BT 348.75 680.00 Td ( ) Tj ET Q q 0 0 0 rg BT 350.69 680.00 Td (21) Tj ET Q q 0 0 0 rg BT 360.91 680.00 Td (s ) Tj ET Q q 0 0 0 rg BT 365.96 680.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 388.57 680.00 Td (including ) Tj ET Q q 0 0 0 rg BT 420.72 680.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 442.66 680.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.60 680.00 Td (of ) Tj ET Q q 0 0 0 rg BT 473.20 680.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 492.47 680.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 516.64 680.00 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 547.91 680.00 Td (B.V) Tj ET Q q 0 0 0 rg BT 559.99 680.00 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.40 Td (If ) Tj ET Q q 0 0 0 rg BT 57.55 670.40 Td (we ) Tj ET Q q 0 0 0 rg BT 69.10 670.40 Td (or ) Tj ET Q q 0 0 0 rg BT 77.98 670.40 Td (our ) Tj ET Q q 0 0 0 rg BT 90.87 670.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 122.85 670.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 162.84 670.40 Td (were ) Tj ET Q q 0 0 0 rg BT 180.61 670.40 Td (to ) Tj ET Q q 0 0 0 rg BT 189.05 670.40 Td (default ) Tj ET Q q 0 0 0 rg BT 213.48 670.40 Td (under ) Tj ET Q q 0 0 0 rg BT 233.92 670.40 Td (the ) Tj ET Q q 0 0 0 rg BT 245.91 670.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 265.91 670.40 Td (of ) Tj ET Q q 0 0 0 rg BT 274.79 670.40 Td (any ) Tj ET Q q 0 0 0 rg BT 288.56 670.40 Td (of ) Tj ET Q q 0 0 0 rg BT 297.45 670.40 Td (the ) Tj ET Q q 0 0 0 rg BT 309.44 670.40 Td (indentures ) Tj ET Q q 0 0 0 rg BT 344.99 670.40 Td (governing ) Tj ET Q q 0 0 0 rg BT 379.64 670.40 Td (such ) Tj ET Q q 0 0 0 rg BT 396.53 670.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 415.64 670.40 Td (or ) Tj ET Q q 0 0 0 rg BT 424.52 670.40 Td (the ) Tj ET Q q 0 0 0 rg BT 436.35 670.40 Td (T) Tj ET Q q 0 0 0 rg BT 440.96 670.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 455.02 670.40 Td (W) Tj ET Q q 0 0 0 rg BT 461.93 670.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 480.42 670.40 Td (T) Tj ET Q q 0 0 0 rg BT 484.74 670.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 499.40 670.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 517.57 670.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 555.33 670.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.80 Td (T) Tj ET Q q 0 0 0 rg BT 54.61 660.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 68.16 660.80 Td (W) Tj ET Q q 0 0 0 rg BT 75.07 660.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 93.18 660.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 128.20 660.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 149.87 660.80 Td (Facility) Tj ET Q q 0 0 0 rg BT 173.80 660.80 Td (, ) Tj ET Q q 0 0 0 rg BT 177.48 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 188.93 660.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 215.04 660.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 238.05 660.80 Td (under ) Tj ET Q q 0 0 0 rg BT 257.95 660.80 Td (such ) Tj ET Q q 0 0 0 rg BT 274.29 660.80 Td (indentures ) Tj ET Q q 0 0 0 rg BT 309.30 660.80 Td (or ) Tj ET Q q 0 0 0 rg BT 317.64 660.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 355.75 660.80 Td (would ) Tj ET Q q 0 0 0 rg BT 377.43 660.80 Td (have ) Tj ET Q q 0 0 0 rg BT 394.22 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 405.67 660.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 427.79 660.80 Td (to ) Tj ET Q q 0 0 0 rg BT 435.70 660.80 Td (sell ) Tj ET Q q 0 0 0 rg BT 448.49 660.80 Td (all ) Tj ET Q q 0 0 0 rg BT 458.17 660.80 Td (or ) Tj ET Q q 0 0 0 rg BT 466.51 660.80 Td (a ) Tj ET Q q 0 0 0 rg BT 471.75 660.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 496.54 660.80 Td (of ) Tj ET Q q 0 0 0 rg BT 504.88 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.34 660.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 536.68 660.80 Td (pledged ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.20 Td (to ) Tj ET Q q 0 0 0 rg BT 57.96 651.20 Td (them ) Tj ET Q q 0 0 0 rg BT 75.69 651.20 Td (in ) Tj ET Q q 0 0 0 rg BT 83.64 651.20 Td (order ) Tj ET Q q 0 0 0 rg BT 102.26 651.20 Td (to ) Tj ET Q q 0 0 0 rg BT 110.21 651.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 123.50 651.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 152.34 651.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 191.41 651.20 Td (under ) Tj ET Q q 0 0 0 rg BT 211.36 651.20 Td (such ) Tj ET Q q 0 0 0 rg BT 227.76 651.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 243.27 651.20 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 284.33 651.20 Td ( ) Tj ET Q q 0 0 0 rg BT 286.07 651.20 Td (In ) Tj ET Q q 0 0 0 rg BT 294.46 651.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 324.42 651.20 Td (in ) Tj ET Q q 0 0 0 rg BT 332.38 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 343.88 651.20 Td (event ) Tj ET Q q 0 0 0 rg BT 362.94 651.20 Td (of ) Tj ET Q q 0 0 0 rg BT 371.34 651.20 Td (a ) Tj ET Q q 0 0 0 rg BT 376.63 651.20 Td (default ) Tj ET Q q 0 0 0 rg BT 400.57 651.20 Td (under ) Tj ET Q q 0 0 0 rg BT 420.52 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.03 651.20 Td (indenture ) Tj ET Q q 0 0 0 rg BT 463.97 651.20 Td (governing ) Tj ET Q q 0 0 0 rg BT 498.14 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 509.65 651.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 527.39 651.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 547.34 651.20 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 73.01 641.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.13 641.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 111.90 641.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 135.57 641.60 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 172.12 641.60 Td (can ) Tj ET Q q 0 0 0 rg BT 185.57 641.60 Td (enforce ) Tj ET Q q 0 0 0 rg BT 211.90 641.60 Td (against ) Tj ET Q q 0 0 0 rg BT 236.90 641.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 257.91 641.60 Td (that ) Tj ET Q q 0 0 0 rg BT 272.25 641.60 Td (are ) Tj ET Q q 0 0 0 rg BT 284.37 641.60 Td (not ) Tj ET Q q 0 0 0 rg BT 296.93 641.60 Td (part ) Tj ET Q q 0 0 0 rg BT 311.72 641.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.73 641.60 Td (the ) Tj ET Q q 0 0 0 rg BT 332.85 641.60 Td (collateral ) Tj ET Q q 0 0 0 rg BT 364.95 641.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.62 641.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.74 641.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 407.09 641.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 427.66 641.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 444.66 641.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 465.67 641.60 Td (\(until ) Tj ET Q q 0 0 0 rg BT 485.35 641.60 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 518.79 641.60 Td (following ) Tj ET Q q 0 0 0 rg BT 552.24 641.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 632.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 75.08 632.00 Td (of ) Tj ET Q q 0 0 0 rg BT 83.71 632.00 Td (the ) Tj ET Q q 0 0 0 rg BT 95.45 632.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 127.63 632.00 Td (transactions\), ) Tj ET Q q 0 0 0 rg BT 172.47 632.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.21 632.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 202.18 632.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 241.92 632.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 264.55 632.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.15 632.00 Td (T) Tj ET Q q 0 0 0 rg BT 280.75 632.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 294.58 632.00 Td (W) Tj ET Q q 0 0 0 rg BT 301.49 632.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 319.74 632.00 Td (T) Tj ET Q q 0 0 0 rg BT 324.07 632.00 Td (erm ) Tj ET Q q 0 0 0 rg BT 338.48 632.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 356.88 632.00 Td (or ) Tj ET Q q 0 0 0 rg BT 365.51 632.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.11 632.00 Td (T) Tj ET Q q 0 0 0 rg BT 381.72 632.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 395.54 632.00 Td (W) Tj ET Q q 0 0 0 rg BT 402.45 632.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 420.85 632.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 456.15 632.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 478.11 632.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 504.52 632.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 520.04 632.00 Td (assuming ) Tj ET Q q 0 0 0 rg BT 552.23 632.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 74.99 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 83.54 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 95.20 622.40 Td (Rights ) Tj ET Q q 0 0 0 rg BT 117.97 622.40 Td (Of) Tj ET Q q 0 0 0 rg BT 126.27 622.40 Td (fering, ) Tj ET Q q 0 0 0 rg BT 149.25 622.40 Td (will ) Tj ET Q q 0 0 0 rg BT 163.58 622.40 Td (not ) Tj ET Q q 0 0 0 rg BT 175.69 622.40 Td (be ) Tj ET Q q 0 0 0 rg BT 185.12 622.40 Td (part ) Tj ET Q q 0 0 0 rg BT 199.44 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 207.99 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 219.64 622.40 Td (collateral ) Tj ET Q q 0 0 0 rg BT 251.29 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 259.83 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.49 622.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 289.37 622.40 Td (PIK ) Tj ET Q q 0 0 0 rg BT 304.14 622.40 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 326.69 622.40 Td (including ) Tj ET Q q 0 0 0 rg BT 358.79 622.40 Td (the ) Tj ET Q q 0 0 0 rg BT 370.45 622.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 392.32 622.40 Td (and ) Tj ET Q q 0 0 0 rg BT 405.76 622.40 Td (business ) Tj ET Q q 0 0 0 rg BT 434.75 622.40 Td (of ) Tj ET Q q 0 0 0 rg BT 443.30 622.40 Td (CET) Tj ET Q q 0 0 0 rg BT 458.27 622.40 Td (21. ) Tj ET Q q 0 0 0 rg BT 472.15 622.40 Td ( ) Tj ET Q q 0 0 0 rg BT 473.62 622.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 489.28 622.40 Td (such ) Tj ET Q q 0 0 0 rg BT 505.82 622.40 Td (event ) Tj ET Q q 0 0 0 rg BT 525.03 622.40 Td (would ) Tj ET Q q 0 0 0 rg BT 546.91 622.40 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 612.80 Td (a ) Tj ET Q q 0 0 0 rg BT 55.55 612.80 Td (material ) Tj ET Q q 0 0 0 rg BT 83.76 612.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 110.19 612.80 Td (ef) Tj ET Q q 0 0 0 rg BT 116.26 612.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 130.25 612.80 Td (on ) Tj ET Q q 0 0 0 rg BT 140.25 612.80 Td (our ) Tj ET Q q 0 0 0 rg BT 152.91 612.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.89 612.80 Td (position, ) Tj ET Q q 0 0 0 rg BT 212.68 612.80 Td (results ) Tj ET Q q 0 0 0 rg BT 235.56 612.80 Td (of ) Tj ET Q q 0 0 0 rg BT 244.23 612.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.55 612.80 Td (and ) Tj ET Q q 0 0 0 rg BT 293.10 612.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.32 612.80 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 594.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 594.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.07 594.20 Td (may ) Tj ET Q q 0 0 0 rg BT 77.84 594.20 Td (be ) Tj ET Q q 0 0 0 rg BT 87.39 594.20 Td (unable ) Tj ET Q q 0 0 0 rg BT 112.07 594.20 Td (to ) Tj ET Q q 0 0 0 rg BT 120.29 594.20 Td (refinance ) Tj ET Q q 0 0 0 rg BT 153.84 594.20 Td (our ) Tj ET Q q 0 0 0 rg BT 167.40 594.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 195.18 594.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 239.41 594.20 Td (and ) Tj ET Q q 0 0 0 rg BT 253.86 594.20 Td (may ) Tj ET Q q 0 0 0 rg BT 269.63 594.20 Td (not ) Tj ET Q q 0 0 0 rg BT 282.30 594.20 Td (be ) Tj ET Q q 0 0 0 rg BT 291.85 594.20 Td (able ) Tj ET Q q 0 0 0 rg BT 307.63 594.20 Td (to ) Tj ET Q q 0 0 0 rg BT 315.85 594.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 338.74 594.20 Td (favorable ) Tj ET Q q 0 0 0 rg BT 371.84 594.20 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 412.52 594.20 Td (terms.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 578.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 578.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.52 578.60 Td (face ) Tj ET Q q 0 0 0 rg BT 77.89 578.60 Td (the ) Tj ET Q q 0 0 0 rg BT 89.72 578.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 103.78 578.60 Td (that ) Tj ET Q q 0 0 0 rg BT 117.83 578.60 Td (our ) Tj ET Q q 0 0 0 rg BT 130.56 578.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 173.94 578.60 Td (will ) Tj ET Q q 0 0 0 rg BT 188.44 578.60 Td (not ) Tj ET Q q 0 0 0 rg BT 200.72 578.60 Td (be ) Tj ET Q q 0 0 0 rg BT 210.33 578.60 Td (able ) Tj ET Q q 0 0 0 rg BT 225.71 578.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.99 578.60 Td (be ) Tj ET Q q 0 0 0 rg BT 243.60 578.60 Td (renewed, ) Tj ET Q q 0 0 0 rg BT 274.75 578.60 Td (repaid ) Tj ET Q q 0 0 0 rg BT 296.80 578.60 Td (or ) Tj ET Q q 0 0 0 rg BT 305.52 578.60 Td (refinanced ) Tj ET Q q 0 0 0 rg BT 341.33 578.60 Td (when ) Tj ET Q q 0 0 0 rg BT 360.72 578.60 Td (due, ) Tj ET Q q 0 0 0 rg BT 376.33 578.60 Td (or ) Tj ET Q q 0 0 0 rg BT 385.05 578.60 Td (that ) Tj ET Q q 0 0 0 rg BT 399.10 578.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.93 578.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 430.76 578.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.48 578.60 Td (any ) Tj ET Q q 0 0 0 rg BT 453.09 578.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 480.47 578.60 Td (or ) Tj ET Q q 0 0 0 rg BT 489.19 578.60 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 527.67 578.60 Td (will ) Tj ET Q q 0 0 0 rg BT 542.17 578.60 Td (not ) Tj ET Q q 0 0 0 rg BT 554.46 578.60 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 569.00 Td (as ) Tj ET Q q 0 0 0 rg BT 58.95 569.00 Td (favorable ) Tj ET Q q 0 0 0 rg BT 91.44 569.00 Td (as ) Tj ET Q q 0 0 0 rg BT 100.39 569.00 Td (the ) Tj ET Q q 0 0 0 rg BT 112.45 569.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 132.51 569.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.46 569.00 Td (such ) Tj ET Q q 0 0 0 rg BT 158.41 569.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 202.02 569.00 Td (being ) Tj ET Q q 0 0 0 rg BT 222.08 569.00 Td (refinanced. ) Tj ET Q q 0 0 0 rg BT 260.12 569.00 Td ( ) Tj ET Q q 0 0 0 rg BT 262.24 569.00 Td (This ) Tj ET Q q 0 0 0 rg BT 278.75 569.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 293.04 569.00 Td (is ) Tj ET Q q 0 0 0 rg BT 300.66 569.00 Td (exacerbated ) Tj ET Q q 0 0 0 rg BT 341.13 569.00 Td (by ) Tj ET Q q 0 0 0 rg BT 351.42 569.00 Td (the ) Tj ET Q q 0 0 0 rg BT 363.48 569.00 Td (current ) Tj ET Q q 0 0 0 rg BT 388.42 569.00 Td (volatility ) Tj ET Q q 0 0 0 rg BT 419.59 569.00 Td (in ) Tj ET Q q 0 0 0 rg BT 428.10 569.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.16 569.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 463.77 569.00 Td (markets, ) Tj ET Q q 0 0 0 rg BT 493.38 569.00 Td (which ) Tj ET Q q 0 0 0 rg BT 515.21 569.00 Td (has ) Tj ET Q q 0 0 0 rg BT 528.16 569.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 555.77 569.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.40 Td (tightened ) Tj ET Q q 0 0 0 rg BT 81.88 559.40 Td (lending ) Tj ET Q q 0 0 0 rg BT 107.98 559.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 151.85 559.40 Td (and ) Tj ET Q q 0 0 0 rg BT 165.51 559.40 Td (in ) Tj ET Q q 0 0 0 rg BT 173.84 559.40 Td (some ) Tj ET Q q 0 0 0 rg BT 192.83 559.40 Td (cases ) Tj ET Q q 0 0 0 rg BT 211.82 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 223.70 559.40 Td (inability ) Tj ET Q q 0 0 0 rg BT 252.47 559.40 Td (to ) Tj ET Q q 0 0 0 rg BT 260.80 559.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 292.66 559.40 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 338.09 559.40 Td ( ) Tj ET Q q 0 0 0 rg BT 340.20 559.40 Td (Following ) Tj ET Q q 0 0 0 rg BT 375.20 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 387.08 559.40 Td (issuances ) Tj ET Q q 0 0 0 rg BT 419.41 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 428.18 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 440.06 559.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 458.17 559.40 Td (PIK ) Tj ET Q q 0 0 0 rg BT 473.16 559.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 493.94 559.40 Td (to ) Tj ET Q q 0 0 0 rg BT 502.27 559.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 534.13 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 546.01 559.40 Td (2016 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 70.18 549.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 86.80 549.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 107.42 549.80 Td (and ) Tj ET Q q 0 0 0 rg BT 120.93 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 132.67 549.80 Td (drawdown ) Tj ET Q q 0 0 0 rg BT 168.39 549.80 Td (of ) Tj ET Q q 0 0 0 rg BT 177.02 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 549.80 Td (T) Tj ET Q q 0 0 0 rg BT 193.21 549.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 207.03 549.80 Td (W) Tj ET Q q 0 0 0 rg BT 213.94 549.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 232.18 549.80 Td (T) Tj ET Q q 0 0 0 rg BT 236.51 549.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 250.91 549.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 269.31 549.80 Td (as ) Tj ET Q q 0 0 0 rg BT 277.93 549.80 Td (well ) Tj ET Q q 0 0 0 rg BT 293.66 549.80 Td (as ) Tj ET Q q 0 0 0 rg BT 302.28 549.80 Td (any ) Tj ET Q q 0 0 0 rg BT 315.79 549.80 Td (drawdown ) Tj ET Q q 0 0 0 rg BT 351.52 549.80 Td (of ) Tj ET Q q 0 0 0 rg BT 360.15 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 371.74 549.80 Td (T) Tj ET Q q 0 0 0 rg BT 376.34 549.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 390.16 549.80 Td (W) Tj ET Q q 0 0 0 rg BT 397.07 549.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 415.45 549.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 450.75 549.80 Td (Credit ) Tj ET Q q 0 0 0 rg BT 472.70 549.80 Td (Facility) Tj ET Q q 0 0 0 rg BT 496.62 549.80 Td (, ) Tj ET Q q 0 0 0 rg BT 500.58 549.80 Td (we ) Tj ET Q q 0 0 0 rg BT 511.87 549.80 Td (will ) Tj ET Q q 0 0 0 rg BT 526.27 549.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 555.78 549.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.20 Td (have ) Tj ET Q q 0 0 0 rg BT 67.79 540.20 Td (a ) Tj ET Q q 0 0 0 rg BT 74.04 540.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 110.95 540.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 137.64 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 146.99 540.20 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 193.01 540.20 Td (including ) Tj ET Q q 0 0 0 rg BT 225.92 540.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 274.82 540.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 291.74 540.20 Td (261.0 ) Tj ET Q q 0 0 0 rg BT 312.43 540.20 Td (million ) Tj ET Q q 0 0 0 rg BT 338.24 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 347.59 540.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 366.29 540.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 406.75 540.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 428.10 540.20 Td (that ) Tj ET Q q 0 0 0 rg BT 442.79 540.20 Td (mature ) Tj ET Q q 0 0 0 rg BT 467.70 540.20 Td (on ) Tj ET Q q 0 0 0 rg BT 478.39 540.20 Td (November ) Tj ET Q q 0 0 0 rg BT 514.85 540.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 527.54 540.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 548.23 540.20 Td (\(For ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 83.99 530.60 Td (information ) Tj ET Q q 0 0 0 rg BT 123.76 530.60 Td (on ) Tj ET Q q 0 0 0 rg BT 133.76 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.54 530.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 177.75 530.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 219.96 530.60 Td (see ) Tj ET Q q 0 0 0 rg BT 232.17 530.60 Td (Part ) Tj ET Q q 0 0 0 rg BT 247.06 530.60 Td (II, ) Tj ET Q q 0 0 0 rg BT 256.39 530.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 273.05 530.60 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.05 530.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 298.60 530.60 Td (25, ) Tj ET Q q 0 0 0 rg BT 310.60 530.60 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 352.75 530.60 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.79 530.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 384.45 530.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 515.00 Td (In ) Tj ET Q q 0 0 0 rg BT 58.44 515.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.43 515.00 Td (following ) Tj ET Q q 0 0 0 rg BT 121.31 515.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.85 515.00 Td (termination ) Tj ET Q q 0 0 0 rg BT 171.50 515.00 Td (on ) Tj ET Q q 0 0 0 rg BT 181.27 515.00 Td (June ) Tj ET Q q 0 0 0 rg BT 197.71 515.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 209.48 515.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 227.25 515.00 Td (of ) Tj ET Q q 0 0 0 rg BT 235.69 515.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.23 515.00 Td (Irrevocable ) Tj ET Q q 0 0 0 rg BT 285.29 515.00 Td (V) Tj ET Q q 0 0 0 rg BT 290.04 515.00 Td (oting ) Tj ET Q q 0 0 0 rg BT 308.26 515.00 Td (Deed ) Tj ET Q q 0 0 0 rg BT 326.91 515.00 Td (and ) Tj ET Q q 0 0 0 rg BT 340.23 515.00 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 361.11 515.00 Td (dated ) Tj ET Q q 0 0 0 rg BT 380.21 515.00 Td (May ) Tj ET Q q 0 0 0 rg BT 396.65 515.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 408.42 515.00 Td (2009 ) Tj ET Q q 0 0 0 rg BT 426.19 515.00 Td (among ) Tj ET Q q 0 0 0 rg BT 449.73 515.00 Td (an ) Tj ET Q q 0 0 0 rg BT 459.06 515.00 Td (af) Tj ET Q q 0 0 0 rg BT 465.13 515.00 Td (filiate ) Tj ET Q q 0 0 0 rg BT 485.55 515.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.86 515.00 Td (T) Tj ET Q q 0 0 0 rg BT 498.47 515.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 512.11 515.00 Td (W) Tj ET Q q 0 0 0 rg BT 519.02 515.00 Td (arner) Tj ET Q q 0 0 0 rg BT 535.13 515.00 Td (, ) Tj ET Q q 0 0 0 rg BT 538.90 515.00 Td (Ronald ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 505.40 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 74.51 505.40 Td (and ) Tj ET Q q 0 0 0 rg BT 87.92 505.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 111.53 505.40 Td (of ) Tj ET Q q 0 0 0 rg BT 120.05 505.40 Td (his ) Tj ET Q q 0 0 0 rg BT 131.25 505.40 Td (af) Tj ET Q q 0 0 0 rg BT 137.32 505.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 160.94 505.40 Td (and ) Tj ET Q q 0 0 0 rg BT 174.35 505.40 Td (us, ) Tj ET Q q 0 0 0 rg BT 185.32 505.40 Td (as ) Tj ET Q q 0 0 0 rg BT 193.84 505.40 Td (amended ) Tj ET Q q 0 0 0 rg BT 224.57 505.40 Td (by ) Tj ET Q q 0 0 0 rg BT 234.43 505.40 Td (a ) Tj ET Q q 0 0 0 rg BT 239.84 505.40 Td (Letter ) Tj ET Q q 0 0 0 rg BT 260.38 505.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 297.78 505.40 Td (dated ) Tj ET Q q 0 0 0 rg BT 316.55 505.40 Td (April ) Tj ET Q q 0 0 0 rg BT 335.29 505.40 Td (29, ) Tj ET Q q 0 0 0 rg BT 347.15 505.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 365.00 505.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 379.30 505.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 405.15 505.40 Td (agreement\), ) Tj ET Q q 0 0 0 rg BT 448.40 505.40 Td (T) Tj ET Q q 0 0 0 rg BT 453.00 505.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 466.72 505.40 Td (W) Tj ET Q q 0 0 0 rg BT 473.63 505.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 491.92 505.40 Td (is ) Tj ET Q q 0 0 0 rg BT 499.11 505.40 Td (no ) Tj ET Q q 0 0 0 rg BT 508.97 505.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 531.26 505.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 555.78 505.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 495.80 Td (an ) Tj ET Q q 0 0 0 rg BT 59.86 495.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 95.48 495.80 Td (not ) Tj ET Q q 0 0 0 rg BT 108.01 495.80 Td (to ) Tj ET Q q 0 0 0 rg BT 116.54 495.80 Td (own ) Tj ET Q q 0 0 0 rg BT 132.62 495.80 Td (more ) Tj ET Q q 0 0 0 rg BT 151.36 495.80 Td (than ) Tj ET Q q 0 0 0 rg BT 167.44 495.80 Td (49.9% ) Tj ET Q q 0 0 0 rg BT 190.41 495.80 Td (of ) Tj ET Q q 0 0 0 rg BT 199.38 495.80 Td (our ) Tj ET Q q 0 0 0 rg BT 212.36 495.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 235.11 495.80 Td (securities. ) Tj ET Q q 0 0 0 rg BT 269.63 495.80 Td ( ) Tj ET Q q 0 0 0 rg BT 271.77 495.80 Td (The ) Tj ET Q q 0 0 0 rg BT 286.51 495.80 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 323.92 495.80 Td (by ) Tj ET Q q 0 0 0 rg BT 334.06 495.80 Td (T) Tj ET Q q 0 0 0 rg BT 338.67 495.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 352.80 495.80 Td (W) Tj ET Q q 0 0 0 rg BT 359.71 495.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 378.45 495.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 390.08 495.80 Td (any ) Tj ET Q q 0 0 0 rg BT 403.94 495.80 Td (other ) Tj ET Q q 0 0 0 rg BT 422.69 495.80 Td (person ) Tj ET Q q 0 0 0 rg BT 446.32 495.80 Td (or ) Tj ET Q q 0 0 0 rg BT 455.29 495.80 Td (group ) Tj ET Q q 0 0 0 rg BT 476.26 495.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 487.90 495.80 Td (such ) Tj ET Q q 0 0 0 rg BT 504.87 495.80 Td (term ) Tj ET Q q 0 0 0 rg BT 521.83 495.80 Td (is ) Tj ET Q q 0 0 0 rg BT 529.48 495.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 555.77 495.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 486.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 75.94 486.20 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 104.54 486.20 Td (of ) Tj ET Q q 0 0 0 rg BT 113.14 486.20 Td (the ) Tj ET Q q 0 0 0 rg BT 124.86 486.20 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 157.91 486.20 Td (Act\)\) ) Tj ET Q q 0 0 0 rg BT 176.73 486.20 Td (of ) Tj ET Q q 0 0 0 rg BT 185.33 486.20 Td (more ) Tj ET Q q 0 0 0 rg BT 203.71 486.20 Td (than ) Tj ET Q q 0 0 0 rg BT 219.43 486.20 Td (50% ) Tj ET Q q 0 0 0 rg BT 236.03 486.20 Td (of ) Tj ET Q q 0 0 0 rg BT 244.64 486.20 Td (our ) Tj ET Q q 0 0 0 rg BT 257.24 486.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 296.52 486.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 318.45 486.20 Td (of ) Tj ET Q q 0 0 0 rg BT 327.06 486.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 345.90 486.20 Td (A) Tj ET Q q 0 0 0 rg BT 351.24 486.20 Td ( ) Tj ET Q q 0 0 0 rg BT 353.18 486.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 384.90 486.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 405.07 486.20 Td (would ) Tj ET Q q 0 0 0 rg BT 427.01 486.20 Td (constitute ) Tj ET Q q 0 0 0 rg BT 460.06 486.20 Td (a ) Tj ET Q q 0 0 0 rg BT 465.55 486.20 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 507.47 486.20 Td (change ) Tj ET Q q 0 0 0 rg BT 532.07 486.20 Td (under ) Tj ET Q q 0 0 0 rg BT 552.22 486.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 476.60 Td (indenture ) Tj ET Q q 0 0 0 rg BT 82.13 476.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 116.48 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.16 476.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 146.08 476.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 185.76 476.60 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 208.34 476.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.25 476.60 Td (If ) Tj ET Q q 0 0 0 rg BT 217.50 476.60 Td (such ) Tj ET Q q 0 0 0 rg BT 234.07 476.60 Td (a ) Tj ET Q q 0 0 0 rg BT 239.54 476.60 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 281.44 476.60 Td (change ) Tj ET Q q 0 0 0 rg BT 306.00 476.60 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 330.80 476.60 Td (we ) Tj ET Q q 0 0 0 rg BT 342.04 476.60 Td (would ) Tj ET Q q 0 0 0 rg BT 363.95 476.60 Td (need ) Tj ET Q q 0 0 0 rg BT 380.97 476.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.11 476.60 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 425.66 476.60 Td (or ) Tj ET Q q 0 0 0 rg BT 434.24 476.60 Td (refinance ) Tj ET Q q 0 0 0 rg BT 465.91 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 477.60 476.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 495.51 476.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 535.20 476.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 555.77 476.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 62.34 467.00 Td (event ) Tj ET Q q 0 0 0 rg BT 82.23 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 94.58 467.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 120.70 467.00 Td (thereof ) Tj ET Q q 0 0 0 rg BT 145.92 467.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 174.69 467.00 Td (their ) Tj ET Q q 0 0 0 rg BT 191.92 467.00 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 229.13 467.00 Td (option ) Tj ET Q q 0 0 0 rg BT 252.14 467.00 Td (under ) Tj ET Q q 0 0 0 rg BT 272.93 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 285.27 467.00 Td (indenture ) Tj ET Q q 0 0 0 rg BT 318.05 467.00 Td (governing ) Tj ET Q q 0 0 0 rg BT 353.05 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 365.39 467.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 383.96 467.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 424.30 467.00 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 447.53 467.00 Td (If ) Tj ET Q q 0 0 0 rg BT 455.43 467.00 Td (we ) Tj ET Q q 0 0 0 rg BT 467.33 467.00 Td (were ) Tj ET Q q 0 0 0 rg BT 485.44 467.00 Td (unable ) Tj ET Q q 0 0 0 rg BT 509.33 467.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.12 467.00 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 555.33 467.00 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 81.79 457.40 Td (our ) Tj ET Q q 0 0 0 rg BT 94.48 457.40 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 137.84 457.40 Td (on ) Tj ET Q q 0 0 0 rg BT 147.88 457.40 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 183.66 457.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 203.46 457.40 Td (or ) Tj ET Q q 0 0 0 rg BT 212.16 457.40 Td (at ) Tj ET Q q 0 0 0 rg BT 219.97 457.40 Td (all, ) Tj ET Q q 0 0 0 rg BT 232.00 457.40 Td (we ) Tj ET Q q 0 0 0 rg BT 243.36 457.40 Td (might ) Tj ET Q q 0 0 0 rg BT 264.06 457.40 Td (be ) Tj ET Q q 0 0 0 rg BT 273.64 457.40 Td (forced ) Tj ET Q q 0 0 0 rg BT 296.11 457.40 Td (to ) Tj ET Q q 0 0 0 rg BT 304.36 457.40 Td (dispose ) Tj ET Q q 0 0 0 rg BT 330.40 457.40 Td (of ) Tj ET Q q 0 0 0 rg BT 339.09 457.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 359.79 457.40 Td (on ) Tj ET Q q 0 0 0 rg BT 369.82 457.40 Td (disadvantageous ) Tj ET Q q 0 0 0 rg BT 424.73 457.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 444.54 457.40 Td (or ) Tj ET Q q 0 0 0 rg BT 453.24 457.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 476.59 457.40 Td (or ) Tj ET Q q 0 0 0 rg BT 485.28 457.40 Td (suspend ) Tj ET Q q 0 0 0 rg BT 513.09 457.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 550.45 457.40 Td (any ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 447.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 447.80 Td (which ) Tj ET Q q 0 0 0 rg BT 80.21 447.80 Td (would ) Tj ET Q q 0 0 0 rg BT 102.21 447.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 136.64 447.80 Td (and ) Tj ET Q q 0 0 0 rg BT 150.20 447.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 182.85 447.80 Td (af) Tj ET Q q 0 0 0 rg BT 188.92 447.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 202.91 447.80 Td (our ) Tj ET Q q 0 0 0 rg BT 215.57 447.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.55 447.80 Td (condition, ) Tj ET Q q 0 0 0 rg BT 279.77 447.80 Td (results ) Tj ET Q q 0 0 0 rg BT 302.66 447.80 Td (of ) Tj ET Q q 0 0 0 rg BT 311.32 447.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 346.65 447.80 Td (and ) Tj ET Q q 0 0 0 rg BT 360.20 447.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.41 447.80 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 429.20 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 94.24 429.20 Td (in ) Tj ET Q q 0 0 0 rg BT 102.91 429.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 136.46 429.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 154.46 429.20 Td (may ) Tj ET Q q 0 0 0 rg BT 170.23 429.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 202.89 429.20 Td (af) Tj ET Q q 0 0 0 rg BT 209.41 429.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 223.39 429.20 Td (our ) Tj ET Q q 0 0 0 rg BT 236.96 429.20 Td (results ) Tj ET Q q 0 0 0 rg BT 260.74 429.20 Td (of ) Tj ET Q q 0 0 0 rg BT 269.41 429.20 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 413.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.71 413.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 96.30 413.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 126.55 413.60 Td (is ) Tj ET Q q 0 0 0 rg BT 134.15 413.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.19 413.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 167.12 413.60 Td (but ) Tj ET Q q 0 0 0 rg BT 179.61 413.60 Td (our ) Tj ET Q q 0 0 0 rg BT 192.54 413.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 235.24 413.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 265.94 413.60 Td (and ) Tj ET Q q 0 0 0 rg BT 279.76 413.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 300.03 413.60 Td (including ) Tj ET Q q 0 0 0 rg BT 332.51 413.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 378.33 413.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 398.82 413.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 429.96 413.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.78 413.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 469.60 413.60 Td (on ) Tj ET Q q 0 0 0 rg BT 479.87 413.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 497.91 413.60 Td (are ) Tj ET Q q 0 0 0 rg BT 509.94 413.60 Td (divided ) Tj ET Q q 0 0 0 rg BT 536.20 413.60 Td (across ) Tj ET Q q 0 0 0 rg BT 558.46 413.60 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 404.00 Td (range ) Tj ET Q q 0 0 0 rg BT 69.55 404.00 Td (of ) Tj ET Q q 0 0 0 rg BT 77.99 404.00 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 114.64 404.00 Td ( ) Tj ET Q q 0 0 0 rg BT 116.29 404.00 Td (The ) Tj ET Q q 0 0 0 rg BT 130.51 404.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 148.29 404.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 168.29 404.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 184.73 404.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 205.18 404.00 Td (and ) Tj ET Q q 0 0 0 rg BT 218.51 404.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 236.29 404.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 256.29 404.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 272.73 404.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 293.17 404.00 Td (\(until ) Tj ET Q q 0 0 0 rg BT 312.29 404.00 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 345.16 404.00 Td (following ) Tj ET Q q 0 0 0 rg BT 378.05 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 389.60 404.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 414.49 404.00 Td (of ) Tj ET Q q 0 0 0 rg BT 422.93 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.49 404.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 466.48 404.00 Td (transactions\) ) Tj ET Q q 0 0 0 rg BT 509.13 404.00 Td (are ) Tj ET Q q 0 0 0 rg BT 520.68 404.00 Td (denominated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 394.40 Td (in ) Tj ET Q q 0 0 0 rg BT 57.62 394.40 Td (Euros. ) Tj ET Q q 0 0 0 rg BT 79.58 394.40 Td (W) Tj ET Q q 0 0 0 rg BT 86.49 394.40 Td (e ) Tj ET Q q 0 0 0 rg BT 91.44 394.40 Td (have ) Tj ET Q q 0 0 0 rg BT 107.94 394.40 Td (not ) Tj ET Q q 0 0 0 rg BT 119.56 394.40 Td (attempted ) Tj ET Q q 0 0 0 rg BT 152.50 394.40 Td (to ) Tj ET Q q 0 0 0 rg BT 160.13 394.40 Td (hedge ) Tj ET Q q 0 0 0 rg BT 180.63 394.40 Td (the ) Tj ET Q q 0 0 0 rg BT 191.80 394.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 216.30 394.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 247.90 394.40 Td (exposure ) Tj ET Q q 0 0 0 rg BT 278.18 394.40 Td (on ) Tj ET Q q 0 0 0 rg BT 287.57 394.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.75 394.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 328.58 394.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 353.97 394.40 Td (of ) Tj ET Q q 0 0 0 rg BT 362.04 394.40 Td (these ) Tj ET Q q 0 0 0 rg BT 379.87 394.40 Td (notes. ) Tj ET Q q 0 0 0 rg BT 400.16 394.40 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 443.54 394.40 Td (continuing ) Tj ET Q q 0 0 0 rg BT 479.16 394.40 Td (instability ) Tj ET Q q 0 0 0 rg BT 512.56 394.40 Td (in ) Tj ET Q q 0 0 0 rg BT 520.18 394.40 Td (the ) Tj ET Q q 0 0 0 rg BT 531.35 394.40 Td (Eurozone ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 384.80 Td (may ) Tj ET Q q 0 0 0 rg BT 65.97 384.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 94.38 384.80 Td (our ) Tj ET Q q 0 0 0 rg BT 107.24 384.80 Td (exposure ) Tj ET Q q 0 0 0 rg BT 138.32 384.80 Td (to ) Tj ET Q q 0 0 0 rg BT 146.74 384.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 176.92 384.80 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 218.89 384.80 Td ( ) Tj ET Q q 0 0 0 rg BT 220.93 384.80 Td (W) Tj ET Q q 0 0 0 rg BT 227.84 384.80 Td (e ) Tj ET Q q 0 0 0 rg BT 233.59 384.80 Td (may ) Tj ET Q q 0 0 0 rg BT 249.56 384.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 279.31 384.80 Td (to ) Tj ET Q q 0 0 0 rg BT 287.73 384.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 324.57 384.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 360.54 384.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 379.62 384.80 Td (and ) Tj ET Q q 0 0 0 rg BT 393.37 384.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 414.69 384.80 Td (on ) Tj ET Q q 0 0 0 rg BT 424.88 384.80 Td (the ) Tj ET Q q 0 0 0 rg BT 436.86 384.80 Td (translation ) Tj ET Q q 0 0 0 rg BT 472.83 384.80 Td (of ) Tj ET Q q 0 0 0 rg BT 481.69 384.80 Td (our ) Tj ET Q q 0 0 0 rg BT 494.55 384.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 525.18 384.80 Td (or ) Tj ET Q q 0 0 0 rg BT 534.04 384.80 Td (the ) Tj ET Q q 0 0 0 rg BT 546.02 384.80 Td (2017 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 375.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 69.97 375.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 86.38 375.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 106.79 375.20 Td (and ) Tj ET Q q 0 0 0 rg BT 120.08 375.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 137.83 375.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 157.80 375.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 174.20 375.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 194.61 375.20 Td (\(until ) Tj ET Q q 0 0 0 rg BT 213.69 375.20 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 246.53 375.20 Td (following ) Tj ET Q q 0 0 0 rg BT 279.38 375.20 Td (the ) Tj ET Q q 0 0 0 rg BT 290.90 375.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 315.76 375.20 Td (of ) Tj ET Q q 0 0 0 rg BT 324.17 375.20 Td (the ) Tj ET Q q 0 0 0 rg BT 335.69 375.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 367.64 375.20 Td (transactions\) ) Tj ET Q q 0 0 0 rg BT 410.27 375.20 Td (into ) Tj ET Q q 0 0 0 rg BT 424.46 375.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 440.43 375.20 Td (dollars ) Tj ET Q q 0 0 0 rg BT 463.95 375.20 Td (due ) Tj ET Q q 0 0 0 rg BT 477.25 375.20 Td (to ) Tj ET Q q 0 0 0 rg BT 485.21 375.20 Td (movements ) Tj ET Q q 0 0 0 rg BT 523.84 375.20 Td (in ) Tj ET Q q 0 0 0 rg BT 531.81 375.20 Td (exchange ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 365.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 66.83 365.60 Td (between ) Tj ET Q q 0 0 0 rg BT 95.20 365.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.70 365.60 Td (Euro, ) Tj ET Q q 0 0 0 rg BT 125.98 365.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 160.57 365.60 Td (local ) Tj ET Q q 0 0 0 rg BT 177.84 365.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 207.55 365.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.82 365.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.32 365.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 248.27 365.60 Td (dollar) Tj ET Q q 0 0 0 rg BT 266.61 365.60 Td (, ) Tj ET Q q 0 0 0 rg BT 270.34 365.60 Td (which ) Tj ET Q q 0 0 0 rg BT 291.61 365.60 Td (may ) Tj ET Q q 0 0 0 rg BT 307.11 365.60 Td (have ) Tj ET Q q 0 0 0 rg BT 323.94 365.60 Td (a ) Tj ET Q q 0 0 0 rg BT 329.21 365.60 Td (material ) Tj ET Q q 0 0 0 rg BT 357.14 365.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 383.30 365.60 Td (ef) Tj ET Q q 0 0 0 rg BT 389.37 365.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 403.08 365.60 Td (on ) Tj ET Q q 0 0 0 rg BT 412.81 365.60 Td (our ) Tj ET Q q 0 0 0 rg BT 425.20 365.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.90 365.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 484.41 365.60 Td (results ) Tj ET Q q 0 0 0 rg BT 507.02 365.60 Td (of ) Tj ET Q q 0 0 0 rg BT 515.41 365.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.46 365.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 356.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 66.21 356.00 Td (flows.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 337.40 Td (Risks ) Tj ET Q q 0 0 0 rg BT 70.68 337.40 Td (Relating ) Tj ET Q q 0 0 0 rg BT 101.56 337.40 Td (to ) Tj ET Q q 0 0 0 rg BT 110.23 337.40 Td (Our) Tj ET Q q 0 0 0 rg BT 124.30 337.40 Td ( ) Tj ET Q q 0 0 0 rg BT 126.30 337.40 Td (Operations) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 318.80 Td (Programming ) Tj ET Q q 0 0 0 rg BT 97.69 318.80 Td (content ) Tj ET Q q 0 0 0 rg BT 123.60 318.80 Td (may ) Tj ET Q q 0 0 0 rg BT 138.84 318.80 Td (become ) Tj ET Q q 0 0 0 rg BT 165.18 318.80 Td (more ) Tj ET Q q 0 0 0 rg BT 183.53 318.80 Td (expensive ) Tj ET Q q 0 0 0 rg BT 216.98 318.80 Td (to ) Tj ET Q q 0 0 0 rg BT 224.67 318.80 Td (produce ) Tj ET Q q 0 0 0 rg BT 252.80 318.80 Td (or ) Tj ET Q q 0 0 0 rg BT 261.37 318.80 Td (acquire ) Tj ET Q q 0 0 0 rg BT 287.72 318.80 Td (or ) Tj ET Q q 0 0 0 rg BT 296.30 318.80 Td (we ) Tj ET Q q 0 0 0 rg BT 306.65 318.80 Td (may ) Tj ET Q q 0 0 0 rg BT 321.89 318.80 Td (not ) Tj ET Q q 0 0 0 rg BT 334.03 318.80 Td (be ) Tj ET Q q 0 0 0 rg BT 343.04 318.80 Td (able ) Tj ET Q q 0 0 0 rg BT 358.28 318.80 Td (to ) Tj ET Q q 0 0 0 rg BT 365.96 318.80 Td (develop ) Tj ET Q q 0 0 0 rg BT 392.30 318.80 Td (or ) Tj ET Q q 0 0 0 rg BT 400.88 318.80 Td (acquire ) Tj ET Q q 0 0 0 rg BT 427.23 318.80 Td (content ) Tj ET Q q 0 0 0 rg BT 453.14 318.80 Td (that ) Tj ET Q q 0 0 0 rg BT 467.50 318.80 Td (is ) Tj ET Q q 0 0 0 rg BT 474.30 318.80 Td (attractive ) Tj ET Q q 0 0 0 rg BT 506.42 318.80 Td (to ) Tj ET Q q 0 0 0 rg BT 514.10 318.80 Td (our ) Tj ET Q q 0 0 0 rg BT 527.13 318.80 Td (audiences.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 303.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 303.20 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.12 303.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 130.57 303.20 Td (is ) Tj ET Q q 0 0 0 rg BT 137.81 303.20 Td (one ) Tj ET Q q 0 0 0 rg BT 151.27 303.20 Td (of ) Tj ET Q q 0 0 0 rg BT 159.84 303.20 Td (the ) Tj ET Q q 0 0 0 rg BT 171.52 303.20 Td (most ) Tj ET Q q 0 0 0 rg BT 188.98 303.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 224.66 303.20 Td (components ) Tj ET Q q 0 0 0 rg BT 265.23 303.20 Td (of ) Tj ET Q q 0 0 0 rg BT 273.80 303.20 Td (our ) Tj ET Q q 0 0 0 rg BT 286.37 303.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 318.48 303.20 Td (costs. ) Tj ET Q q 0 0 0 rg BT 338.39 303.20 Td ( ) Tj ET Q q 0 0 0 rg BT 340.16 303.20 Td (The ) Tj ET Q q 0 0 0 rg BT 354.50 303.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 376.85 303.20 Td (of ) Tj ET Q q 0 0 0 rg BT 385.42 303.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 430.87 303.20 Td (to ) Tj ET Q q 0 0 0 rg BT 439.00 303.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 468.00 303.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 505.45 303.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 535.79 303.20 Td (depends ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 293.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 91.95 293.60 Td (on ) Tj ET Q q 0 0 0 rg BT 101.46 293.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.64 293.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 135.59 293.60 Td (to ) Tj ET Q q 0 0 0 rg BT 143.32 293.60 Td (develop, ) Tj ET Q q 0 0 0 rg BT 172.16 293.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 199.43 293.60 Td (or ) Tj ET Q q 0 0 0 rg BT 207.61 293.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 232.66 293.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 277.72 293.60 Td (that ) Tj ET Q q 0 0 0 rg BT 291.22 293.60 Td (matches ) Tj ET Q q 0 0 0 rg BT 318.95 293.60 Td (audience ) Tj ET Q q 0 0 0 rg BT 348.88 293.60 Td (tastes ) Tj ET Q q 0 0 0 rg BT 368.17 293.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.23 293.60 Td (attracts ) Tj ET Q q 0 0 0 rg BT 405.84 293.60 Td (high ) Tj ET Q q 0 0 0 rg BT 421.57 293.60 Td (audience ) Tj ET Q q 0 0 0 rg BT 451.51 293.60 Td (shares, ) Tj ET Q q 0 0 0 rg BT 475.01 293.60 Td (which ) Tj ET Q q 0 0 0 rg BT 496.07 293.60 Td (is ) Tj ET Q q 0 0 0 rg BT 502.92 293.60 Td (dif) Tj ET Q q 0 0 0 rg BT 511.66 293.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 530.05 293.60 Td (to ) Tj ET Q q 0 0 0 rg BT 537.79 293.60 Td (predict. ) Tj ET Q q 0 0 0 rg BT 564.00 293.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 284.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.08 284.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 103.48 284.00 Td (success ) Tj ET Q q 0 0 0 rg BT 129.12 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 137.43 284.00 Td (a ) Tj ET Q q 0 0 0 rg BT 142.63 284.00 Td (program ) Tj ET Q q 0 0 0 rg BT 171.37 284.00 Td (depends ) Tj ET Q q 0 0 0 rg BT 199.23 284.00 Td (on ) Tj ET Q q 0 0 0 rg BT 208.88 284.00 Td (several ) Tj ET Q q 0 0 0 rg BT 233.17 284.00 Td (tangible ) Tj ET Q q 0 0 0 rg BT 260.59 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 273.78 284.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 307.42 284.00 Td (factors, ) Tj ET Q q 0 0 0 rg BT 332.83 284.00 Td (including ) Tj ET Q q 0 0 0 rg BT 364.69 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 376.11 284.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 399.52 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 407.83 284.00 Td (competing ) Tj ET Q q 0 0 0 rg BT 443.25 284.00 Td (programs, ) Tj ET Q q 0 0 0 rg BT 477.11 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.52 284.00 Td (availability ) Tj ET Q q 0 0 0 rg BT 526.16 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 534.46 284.00 Td (alternate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 274.40 Td (forms ) Tj ET Q q 0 0 0 rg BT 70.30 274.40 Td (of ) Tj ET Q q 0 0 0 rg BT 78.60 274.40 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 124.21 274.40 Td (and ) Tj ET Q q 0 0 0 rg BT 137.40 274.40 Td (leisure ) Tj ET Q q 0 0 0 rg BT 160.36 274.40 Td (time ) Tj ET Q q 0 0 0 rg BT 176.21 274.40 Td (activities, ) Tj ET Q q 0 0 0 rg BT 208.72 274.40 Td (our ) Tj ET Q q 0 0 0 rg BT 221.02 274.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 243.10 274.40 Td (to ) Tj ET Q q 0 0 0 rg BT 250.96 274.40 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 283.69 274.40 Td (and ) Tj ET Q q 0 0 0 rg BT 296.87 274.40 Td (adapt ) Tj ET Q q 0 0 0 rg BT 315.83 274.40 Td (to ) Tj ET Q q 0 0 0 rg BT 323.69 274.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.09 274.40 Td (in ) Tj ET Q q 0 0 0 rg BT 358.95 274.40 Td (consumer ) Tj ET Q q 0 0 0 rg BT 391.68 274.40 Td (tastes ) Tj ET Q q 0 0 0 rg BT 411.09 274.40 Td (and ) Tj ET Q q 0 0 0 rg BT 424.28 274.40 Td (behavior) Tj ET Q q 0 0 0 rg BT 451.94 274.40 Td (, ) Tj ET Q q 0 0 0 rg BT 455.58 274.40 Td (and ) Tj ET Q q 0 0 0 rg BT 468.76 274.40 Td (general ) Tj ET Q q 0 0 0 rg BT 493.94 274.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 526.67 274.40 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 564.00 274.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 264.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 94.17 264.80 Td (the ) Tj ET Q q 0 0 0 rg BT 106.13 264.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 121.20 264.80 Td (of ) Tj ET Q q 0 0 0 rg BT 130.05 264.80 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 162.45 264.80 Td (content ) Tj ET Q q 0 0 0 rg BT 188.18 264.80 Td (attractive ) Tj ET Q q 0 0 0 rg BT 220.12 264.80 Td (to ) Tj ET Q q 0 0 0 rg BT 228.53 264.80 Td (our ) Tj ET Q q 0 0 0 rg BT 241.38 264.80 Td (viewers, ) Tj ET Q q 0 0 0 rg BT 270.44 264.80 Td (such ) Tj ET Q q 0 0 0 rg BT 287.29 264.80 Td (as ) Tj ET Q q 0 0 0 rg BT 296.14 264.80 Td (feature ) Tj ET Q q 0 0 0 rg BT 320.52 264.80 Td (films ) Tj ET Q q 0 0 0 rg BT 339.15 264.80 Td (and ) Tj ET Q q 0 0 0 rg BT 352.89 264.80 Td (popular ) Tj ET Q q 0 0 0 rg BT 379.51 264.80 Td (television ) Tj ET Q q 0 0 0 rg BT 412.80 264.80 Td (series ) Tj ET Q q 0 0 0 rg BT 433.20 264.80 Td (and ) Tj ET Q q 0 0 0 rg BT 446.94 264.80 Td (formats, ) Tj ET Q q 0 0 0 rg BT 475.56 264.80 Td (has ) Tj ET Q q 0 0 0 rg BT 488.41 264.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 520.79 264.80 Td (as ) Tj ET Q q 0 0 0 rg BT 529.64 264.80 Td (a ) Tj ET Q q 0 0 0 rg BT 535.38 264.80 Td (result ) Tj ET Q q 0 0 0 rg BT 555.34 264.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 255.20 Td (greater ) Tj ET Q q 0 0 0 rg BT 74.09 255.20 Td (competition ) Tj ET Q q 0 0 0 rg BT 114.20 255.20 Td (from ) Tj ET Q q 0 0 0 rg BT 131.64 255.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 158.87 255.20 Td (and ) Tj ET Q q 0 0 0 rg BT 172.31 255.20 Td (new ) Tj ET Q q 0 0 0 rg BT 187.53 255.20 Td (television ) Tj ET Q q 0 0 0 rg BT 220.53 255.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 263.29 255.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 293.17 255.20 Td (at ) Tj ET Q q 0 0 0 rg BT 300.84 255.20 Td (the ) Tj ET Q q 0 0 0 rg BT 312.50 255.20 Td (same ) Tj ET Q q 0 0 0 rg BT 330.83 255.20 Td (time ) Tj ET Q q 0 0 0 rg BT 346.94 255.20 Td (as ) Tj ET Q q 0 0 0 rg BT 355.50 255.20 Td (our ) Tj ET Q q 0 0 0 rg BT 368.05 255.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 398.38 255.20 Td (from ) Tj ET Q q 0 0 0 rg BT 415.82 255.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 453.26 255.20 Td (has ) Tj ET Q q 0 0 0 rg BT 465.81 255.20 Td (declined. ) Tj ET Q q 0 0 0 rg BT 496.80 255.20 Td ( ) Tj ET Q q 0 0 0 rg BT 498.69 255.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 513.03 255.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 555.79 255.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 245.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 74.57 245.60 Td (of ) Tj ET Q q 0 0 0 rg BT 83.16 245.60 Td (locally ) Tj ET Q q 0 0 0 rg BT 106.85 245.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 138.54 245.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 184.00 245.60 Td (may ) Tj ET Q q 0 0 0 rg BT 199.70 245.60 Td (also ) Tj ET Q q 0 0 0 rg BT 214.50 245.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 242.63 245.60 Td (due ) Tj ET Q q 0 0 0 rg BT 256.10 245.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.24 245.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.94 245.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 328.07 245.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.66 245.60 Td (new ) Tj ET Q q 0 0 0 rg BT 351.90 245.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 368.49 245.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.96 245.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 419.43 245.60 Td (mandating ) Tj ET Q q 0 0 0 rg BT 455.12 245.60 Td (the ) Tj ET Q q 0 0 0 rg BT 466.81 245.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 499.39 245.60 Td (of ) Tj ET Q q 0 0 0 rg BT 507.97 245.60 Td (a ) Tj ET Q q 0 0 0 rg BT 513.44 245.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 537.57 245.60 Td (number ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 236.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.47 236.00 Td (locally ) Tj ET Q q 0 0 0 rg BT 82.04 236.00 Td (produced ) Tj ET Q q 0 0 0 rg BT 113.61 236.00 Td (programs, ) Tj ET Q q 0 0 0 rg BT 147.63 236.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 175.20 236.00 Td (in ) Tj ET Q q 0 0 0 rg BT 183.22 236.00 Td (audience ) Tj ET Q q 0 0 0 rg BT 213.45 236.00 Td (tastes ) Tj ET Q q 0 0 0 rg BT 233.03 236.00 Td (in ) Tj ET Q q 0 0 0 rg BT 241.06 236.00 Td (our ) Tj ET Q q 0 0 0 rg BT 253.53 236.00 Td (markets ) Tj ET Q q 0 0 0 rg BT 280.65 236.00 Td (in ) Tj ET Q q 0 0 0 rg BT 288.68 236.00 Td (favor ) Tj ET Q q 0 0 0 rg BT 307.36 236.00 Td (of ) Tj ET Q q 0 0 0 rg BT 315.83 236.00 Td (locally ) Tj ET Q q 0 0 0 rg BT 339.40 236.00 Td (produced ) Tj ET Q q 0 0 0 rg BT 370.97 236.00 Td (content, ) Tj ET Q q 0 0 0 rg BT 398.32 236.00 Td (and ) Tj ET Q q 0 0 0 rg BT 411.68 236.00 Td (competition ) Tj ET Q q 0 0 0 rg BT 451.70 236.00 Td (for ) Tj ET Q q 0 0 0 rg BT 462.83 236.00 Td (talent. ) Tj ET Q q 0 0 0 rg BT 484.40 236.00 Td (In ) Tj ET Q q 0 0 0 rg BT 492.87 236.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 522.89 236.00 Td (we ) Tj ET Q q 0 0 0 rg BT 534.02 236.00 Td (typically ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 226.40 Td (acquire ) Tj ET Q q 0 0 0 rg BT 75.80 226.40 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 112.27 226.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 158.08 226.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 178.57 226.40 Td (under ) Tj ET Q q 0 0 0 rg BT 199.04 226.40 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 234.63 226.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 280.44 226.40 Td (before ) Tj ET Q q 0 0 0 rg BT 303.13 226.40 Td (we ) Tj ET Q q 0 0 0 rg BT 314.72 226.40 Td (can ) Tj ET Q q 0 0 0 rg BT 328.08 226.40 Td (predict ) Tj ET Q q 0 0 0 rg BT 352.55 226.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 380.58 226.40 Td (such ) Tj ET Q q 0 0 0 rg BT 397.51 226.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 443.32 226.40 Td (will ) Tj ET Q q 0 0 0 rg BT 458.02 226.40 Td (perform ) Tj ET Q q 0 0 0 rg BT 486.05 226.40 Td (well ) Tj ET Q q 0 0 0 rg BT 502.09 226.40 Td (in ) Tj ET Q q 0 0 0 rg BT 510.57 226.40 Td (our ) Tj ET Q q 0 0 0 rg BT 523.50 226.40 Td (markets. ) Tj ET Q q 0 0 0 rg BT 553.08 226.40 Td ( ) Tj ET Q q 0 0 0 rg BT 555.34 226.40 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 216.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.19 216.80 Td (event ) Tj ET Q q 0 0 0 rg BT 79.93 216.80 Td (any ) Tj ET Q q 0 0 0 rg BT 92.90 216.80 Td (such ) Tj ET Q q 0 0 0 rg BT 108.98 216.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 153.95 216.80 Td (does ) Tj ET Q q 0 0 0 rg BT 170.03 216.80 Td (not ) Tj ET Q q 0 0 0 rg BT 181.67 216.80 Td (attract ) Tj ET Q q 0 0 0 rg BT 203.07 216.80 Td (adequate ) Tj ET Q q 0 0 0 rg BT 232.92 216.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 262.76 216.80 Td (share, ) Tj ET Q q 0 0 0 rg BT 283.06 216.80 Td (it ) Tj ET Q q 0 0 0 rg BT 288.92 216.80 Td (may ) Tj ET Q q 0 0 0 rg BT 304.11 216.80 Td (be ) Tj ET Q q 0 0 0 rg BT 313.08 216.80 Td (necessary ) Tj ET Q q 0 0 0 rg BT 345.59 216.80 Td (to ) Tj ET Q q 0 0 0 rg BT 353.23 216.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 380.86 216.80 Td (our ) Tj ET Q q 0 0 0 rg BT 392.94 216.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 435.23 216.80 Td (by ) Tj ET Q q 0 0 0 rg BT 444.65 216.80 Td (investing ) Tj ET Q q 0 0 0 rg BT 475.40 216.80 Td (in ) Tj ET Q q 0 0 0 rg BT 483.04 216.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 516.45 216.80 Td (programming, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 207.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.29 207.20 Td (to ) Tj ET Q q 0 0 0 rg BT 82.14 207.20 Td (the ) Tj ET Q q 0 0 0 rg BT 93.55 207.20 Td (availability ) Tj ET Q q 0 0 0 rg BT 131.17 207.20 Td (of ) Tj ET Q q 0 0 0 rg BT 139.46 207.20 Td (adequate ) Tj ET Q q 0 0 0 rg BT 169.52 207.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.13 207.20 Td (resources, ) Tj ET Q q 0 0 0 rg BT 232.97 207.20 Td (as ) Tj ET Q q 0 0 0 rg BT 241.27 207.20 Td (well ) Tj ET Q q 0 0 0 rg BT 256.67 207.20 Td (as ) Tj ET Q q 0 0 0 rg BT 264.97 207.20 Td (to ) Tj ET Q q 0 0 0 rg BT 272.82 207.20 Td (write ) Tj ET Q q 0 0 0 rg BT 290.89 207.20 Td (down ) Tj ET Q q 0 0 0 rg BT 310.30 207.20 Td (the ) Tj ET Q q 0 0 0 rg BT 321.70 207.20 Td (value ) Tj ET Q q 0 0 0 rg BT 340.66 207.20 Td (of ) Tj ET Q q 0 0 0 rg BT 348.95 207.20 Td (such ) Tj ET Q q 0 0 0 rg BT 365.25 207.20 Td (underperforming ) Tj ET Q q 0 0 0 rg BT 421.08 207.20 Td (programming, ) Tj ET Q q 0 0 0 rg BT 468.26 207.20 Td (as ) Tj ET Q q 0 0 0 rg BT 476.55 207.20 Td (has ) Tj ET Q q 0 0 0 rg BT 488.85 207.20 Td (been ) Tj ET Q q 0 0 0 rg BT 505.58 207.20 Td (the ) Tj ET Q q 0 0 0 rg BT 516.98 207.20 Td (case ) Tj ET Q q 0 0 0 rg BT 532.38 207.20 Td (in ) Tj ET Q q 0 0 0 rg BT 540.23 207.20 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 197.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.76 197.60 Td (our ) Tj ET Q q 0 0 0 rg BT 71.53 197.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 103.83 197.60 Td (segments ) Tj ET Q q 0 0 0 rg BT 135.71 197.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.03 197.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 164.13 197.60 Td ( ) Tj ET Q q 0 0 0 rg BT 165.76 197.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 181.64 197.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 209.94 197.60 Td (in ) Tj ET Q q 0 0 0 rg BT 218.26 197.60 Td (content ) Tj ET Q q 0 0 0 rg BT 243.91 197.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 262.01 197.60 Td (could ) Tj ET Q q 0 0 0 rg BT 281.88 197.60 Td (have ) Tj ET Q q 0 0 0 rg BT 299.08 197.60 Td (a ) Tj ET Q q 0 0 0 rg BT 304.73 197.60 Td (material ) Tj ET Q q 0 0 0 rg BT 333.03 197.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 359.56 197.60 Td (ef) Tj ET Q q 0 0 0 rg BT 365.63 197.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 379.72 197.60 Td (on ) Tj ET Q q 0 0 0 rg BT 389.82 197.60 Td (our ) Tj ET Q q 0 0 0 rg BT 402.58 197.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 432.66 197.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 466.98 197.60 Td (results ) Tj ET Q q 0 0 0 rg BT 489.97 197.60 Td (of ) Tj ET Q q 0 0 0 rg BT 498.73 197.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 534.15 197.60 Td (and ) Tj ET Q q 0 0 0 rg BT 547.80 197.60 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 188.00 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 169.40 Td (Our operating results are dependent on the importance of television as an advertising medium.) 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153.80 Td ( ) Tj ET Q q 0 0 0 rg BT 412.93 153.80 Td (T) Tj ET Q q 0 0 0 rg BT 417.26 153.80 Td (elevision ) Tj ET Q q 0 0 0 rg BT 448.12 153.80 Td (competes ) Tj ET Q q 0 0 0 rg BT 480.31 153.80 Td (with ) Tj ET Q q 0 0 0 rg BT 496.52 153.80 Td (various ) Tj ET Q q 0 0 0 rg BT 522.05 153.80 Td (other ) Tj ET Q q 0 0 0 rg BT 540.47 153.80 Td (media, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 144.20 Td (such ) Tj ET Q q 0 0 0 rg BT 66.90 144.20 Td (as ) Tj ET Q q 0 0 0 rg BT 75.80 144.20 Td (print, ) Tj ET Q q 0 0 0 rg BT 95.15 144.20 Td (radio, ) Tj ET Q q 0 0 0 rg BT 115.82 144.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.83 144.20 Td (internet ) Tj ET Q q 0 0 0 rg BT 154.50 144.20 Td (and ) Tj ET Q q 0 0 0 rg BT 168.29 144.20 Td (outdoor ) Tj ET Q q 0 0 0 rg BT 195.41 144.20 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 235.19 144.20 Td (for ) Tj ET Q q 0 0 0 rg BT 246.76 144.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 284.54 144.20 Td (spending. ) Tj ET Q q 0 0 0 rg BT 317.66 144.20 Td ( ) Tj ET Q q 0 0 0 rg BT 319.90 144.20 Td (In ) Tj ET Q q 0 0 0 rg BT 328.80 144.20 Td (all ) Tj ET Q q 0 0 0 rg BT 339.03 144.20 Td (of ) Tj ET Q q 0 0 0 rg BT 347.93 144.20 Td (the ) Tj ET Q q 0 0 0 rg BT 359.94 144.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 391.50 144.20 Td (in ) Tj ET Q q 0 0 0 rg BT 399.96 144.20 Td (which ) Tj ET Q q 0 0 0 rg BT 421.75 144.20 Td (we ) Tj ET Q q 0 0 0 rg BT 433.31 144.20 Td (operate, ) Tj ET Q q 0 0 0 rg BT 461.09 144.20 Td (television ) Tj ET Q q 0 0 0 rg BT 494.43 144.20 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 530.89 144.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.90 144.20 Td (single ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 134.60 Td (lar) Tj ET Q q 0 0 0 rg BT 58.29 134.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 72.50 134.60 Td (component ) Tj ET Q q 0 0 0 rg BT 109.37 134.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.35 134.60 Td (all ) Tj ET Q q 0 0 0 rg BT 126.67 134.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 163.54 134.60 Td (spending. ) Tj ET Q q 0 0 0 rg BT 195.75 134.60 Td ( ) Tj ET Q q 0 0 0 rg BT 196.97 134.60 Td (There ) Tj ET Q q 0 0 0 rg BT 216.95 134.60 Td (can ) Tj ET Q q 0 0 0 rg BT 229.37 134.60 Td (be ) Tj ET Q q 0 0 0 rg BT 238.24 134.60 Td (no ) Tj ET Q q 0 0 0 rg BT 247.56 134.60 Td (assurances ) Tj ET Q q 0 0 0 rg BT 283.09 134.60 Td (that ) Tj ET Q q 0 0 0 rg BT 296.41 134.60 Td (the ) Tj ET Q q 0 0 0 rg BT 307.50 134.60 Td (television ) Tj ET Q q 0 0 0 rg BT 339.93 134.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 376.80 134.60 Td (market ) Tj ET Q q 0 0 0 rg BT 400.33 134.60 Td (will ) Tj ET Q q 0 0 0 rg BT 414.10 134.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 443.41 134.60 Td (its ) Tj ET Q q 0 0 0 rg BT 452.29 134.60 Td (current ) Tj ET Q q 0 0 0 rg BT 476.26 134.60 Td (position ) Tj ET Q q 0 0 0 rg BT 503.37 134.60 Td (among ) Tj ET Q q 0 0 0 rg BT 526.46 134.60 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 125.00 Td (media ) Tj ET Q q 0 0 0 rg BT 71.72 125.00 Td (in ) Tj ET Q q 0 0 0 rg BT 80.12 125.00 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BT 526.51 125.00 Td (favor ) Tj ET Q q 0 0 0 rg BT 545.56 125.00 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 115.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.57 115.40 Td (media ) Tj ET Q q 0 0 0 rg BT 109.13 115.40 Td (or ) Tj ET Q q 0 0 0 rg BT 117.81 115.40 Td (other ) Tj ET Q q 0 0 0 rg BT 136.27 115.40 Td (television ) Tj ET Q q 0 0 0 rg BT 169.39 115.40 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 213.39 115.40 Td (Increases ) Tj ET Q q 0 0 0 rg BT 245.17 115.40 Td (in ) Tj ET Q q 0 0 0 rg BT 253.41 115.40 Td (competition ) Tj ET Q q 0 0 0 rg BT 293.64 115.40 Td (among ) Tj ET Q q 0 0 0 rg BT 317.44 115.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 355.00 115.40 Td (media ) Tj ET Q q 0 0 0 rg BT 376.57 115.40 Td (arising ) Tj ET Q q 0 0 0 rg BT 400.36 115.40 Td (from ) Tj ET Q q 0 0 0 rg BT 417.93 115.40 Td (the ) Tj ET Q q 0 0 0 rg BT 429.72 115.40 Td (development ) Tj ET Q q 0 0 0 rg BT 473.06 115.40 Td (of ) Tj ET Q q 0 0 0 rg BT 481.74 115.40 Td (new ) Tj ET Q q 0 0 0 rg BT 497.09 115.40 Td (forms ) Tj ET Q q 0 0 0 rg BT 517.77 115.40 Td (of ) Tj ET Q q 0 0 0 rg BT 526.45 115.40 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 105.80 Td (media ) Tj ET Q q 0 0 0 rg BT 71.01 105.80 Td (and ) Tj ET Q q 0 0 0 rg BT 84.02 105.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 122.37 105.80 Td (could ) Tj ET Q q 0 0 0 rg BT 141.61 105.80 Td (result ) Tj ET Q q 0 0 0 rg BT 160.84 105.80 Td (in ) Tj ET Q q 0 0 0 rg BT 168.52 105.80 Td (a ) Tj ET Q q 0 0 0 rg BT 173.54 105.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 198.09 105.80 Td (in ) Tj ET Q q 0 0 0 rg BT 205.78 105.80 Td (the ) Tj ET Q q 0 0 0 rg BT 217.01 105.80 Td (appeal ) Tj ET Q q 0 0 0 rg BT 239.35 105.80 Td (of ) Tj ET Q q 0 0 0 rg BT 247.47 105.80 Td (television ) Tj ET Q q 0 0 0 rg BT 280.04 105.80 Td (as ) Tj ET Q q 0 0 0 rg BT 288.16 105.80 Td (an ) Tj ET Q q 0 0 0 rg BT 297.18 105.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 334.18 105.80 Td (medium ) Tj ET Q q 0 0 0 rg BT 361.86 105.80 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235.16 96.20 Td (spending ) Tj ET Q q 0 0 0 rg BT 266.37 96.20 Td (in ) Tj ET Q q 0 0 0 rg BT 274.91 96.20 Td (any ) Tj ET Q q 0 0 0 rg BT 288.78 96.20 Td (period ) Tj ET Q q 0 0 0 rg BT 311.53 96.20 Td (or ) Tj ET Q q 0 0 0 rg BT 320.51 96.20 Td (in ) Tj ET Q q 0 0 0 rg BT 329.05 96.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 356.25 96.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 383.89 96.20 Td (would ) Tj ET Q q 0 0 0 rg BT 406.20 96.20 Td (have ) Tj ET Q q 0 0 0 rg BT 423.62 96.20 Td (an ) Tj ET Q q 0 0 0 rg BT 433.49 96.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 460.24 96.20 Td (ef) Tj ET Q q 0 0 0 rg BT 466.31 96.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.61 96.20 Td (on ) Tj ET Q q 0 0 0 rg BT 490.93 96.20 Td (our ) Tj ET Q q 0 0 0 rg BT 503.91 96.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 534.21 96.20 Td (position, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 86.60 Td (results ) Tj ET Q q 0 0 0 rg BT 72.89 86.60 Td (of ) Tj ET Q q 0 0 0 rg BT 81.55 86.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.88 86.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.43 86.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.64 86.60 Td (flows.) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.08 728.00 Td (television ) Tj ET Q q 0 0 0 rg BT 96.83 728.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 139.34 728.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 167.21 728.00 Td (is ) Tj ET Q q 0 0 0 rg BT 174.18 728.00 Td (af) Tj ET Q q 0 0 0 rg BT 180.25 728.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 201.44 728.00 Td (by ) Tj ET Q q 0 0 0 rg BT 211.08 728.00 Td (rapid ) Tj ET Q q 0 0 0 rg BT 229.16 728.00 Td (innovations ) Tj ET Q q 0 0 0 rg BT 268.13 728.00 Td (in ) Tj ET Q q 0 0 0 rg BT 275.99 728.00 Td (technology) Tj ET Q q 0 0 0 rg BT 311.02 728.00 Td (. ) Tj ET Q q 0 0 0 rg BT 314.66 728.00 Td ( ) Tj ET Q q 0 0 0 rg BT 316.19 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 330.27 728.00 Td (implementation ) Tj ET Q q 0 0 0 rg BT 382.12 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.42 728.00 Td (new ) Tj ET Q q 0 0 0 rg BT 405.39 728.00 Td (technologies ) Tj ET Q q 0 0 0 rg BT 447.47 728.00 Td (and ) Tj ET Q q 0 0 0 rg BT 460.66 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 472.08 728.00 Td (introduction ) Tj ET Q q 0 0 0 rg BT 512.82 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 521.13 728.00 Td (broadcasting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 89.80 718.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 118.05 718.40 Td (other ) Tj ET Q q 0 0 0 rg BT 137.40 718.40 Td (than ) Tj ET Q q 0 0 0 rg BT 154.09 718.40 Td (analog ) Tj ET Q q 0 0 0 rg BT 178.32 718.40 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 211.88 718.40 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 257.67 718.40 Td (such ) Tj ET Q q 0 0 0 rg BT 275.25 718.40 Td (as ) Tj ET Q q 0 0 0 rg BT 284.82 718.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 308.18 718.40 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 341.74 718.40 Td (television ) Tj ET Q q 0 0 0 rg BT 375.75 718.40 Td (\(DTT\) ) Tj ET Q q 0 0 0 rg BT 406.65 718.40 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 452.43 718.40 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 502.88 718.40 Td (cable ) Tj ET Q q 0 0 0 rg BT 522.67 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 537.13 718.40 Td (satellite ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 88.78 708.80 Td (systems, ) Tj ET Q q 0 0 0 rg BT 118.01 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 129.68 708.80 Td (internet, ) Tj ET Q q 0 0 0 rg BT 158.01 708.80 Td (video-on-demand, ) Tj ET Q q 0 0 0 rg BT 218.33 708.80 Td (user) Tj ET Q q 0 0 0 rg BT 231.50 708.80 Td (-generated ) Tj ET Q q 0 0 0 rg BT 267.14 708.80 Td (content ) Tj ET Q q 0 0 0 rg BT 292.58 708.80 Td (sites ) Tj ET Q q 0 0 0 rg BT 308.70 708.80 Td (and ) Tj ET Q q 0 0 0 rg BT 322.14 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 333.81 708.80 Td (availability ) Tj ET Q q 0 0 0 rg BT 371.69 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 380.25 708.80 Td (television ) Tj ET Q q 0 0 0 rg BT 413.25 708.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 458.69 708.80 Td (on ) Tj ET Q q 0 0 0 rg BT 468.58 708.80 Td (portable ) Tj ET Q q 0 0 0 rg BT 496.69 708.80 Td (digital ) Tj ET Q q 0 0 0 rg BT 519.02 708.80 Td (devices, ) Tj ET Q q 0 0 0 rg BT 546.90 708.80 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (changed ) Tj ET Q q 0 0 0 rg BT 77.96 699.20 Td (consumer ) Tj ET Q q 0 0 0 rg BT 110.37 699.20 Td (behavior ) Tj ET Q q 0 0 0 rg BT 139.67 699.20 Td (by ) Tj ET Q q 0 0 0 rg BT 148.98 699.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 183.17 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 194.25 699.20 Td (number ) Tj ET Q q 0 0 0 rg BT 220.00 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 227.97 699.20 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 273.26 699.20 Td (choices ) Tj ET Q q 0 0 0 rg BT 298.56 699.20 Td (available ) Tj ET Q q 0 0 0 rg BT 328.74 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 336.27 699.20 Td (audiences ) Tj ET Q q 0 0 0 rg BT 369.12 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 381.98 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.06 699.20 Td (methods ) Tj ET Q q 0 0 0 rg BT 421.48 699.20 Td (for ) Tj ET Q q 0 0 0 rg BT 432.12 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 443.20 699.20 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 483.40 699.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 507.81 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 520.67 699.20 Td (consumption ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (of ) Tj ET Q q 0 0 0 rg BT 57.91 689.60 Td (content. ) Tj ET Q q 0 0 0 rg BT 84.71 689.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.87 689.60 Td (This ) Tj ET Q q 0 0 0 rg BT 101.34 689.60 Td (has ) Tj ET Q q 0 0 0 rg BT 113.26 689.60 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 150.93 689.60 Td (television ) Tj ET Q q 0 0 0 rg BT 183.29 689.60 Td (audiences ) Tj ET Q q 0 0 0 rg BT 216.08 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 223.55 689.60 Td (more ) Tj ET Q q 0 0 0 rg BT 241.24 689.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 275.36 689.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 301.94 689.60 Td (and ) Tj ET Q q 0 0 0 rg BT 314.74 689.60 Td (could ) Tj ET Q q 0 0 0 rg BT 333.76 689.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 365.66 689.60 Td (af) Tj ET Q q 0 0 0 rg BT 371.73 689.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 384.97 689.60 Td (our ) Tj ET Q q 0 0 0 rg BT 396.89 689.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 418.58 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 426.05 689.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 445.51 689.60 Td (audience ) Tj ET Q q 0 0 0 rg BT 475.19 689.60 Td (share ) Tj ET Q q 0 0 0 rg BT 493.32 689.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.12 689.60 Td (attract ) Tj ET Q q 0 0 0 rg BT 527.35 689.60 Td (advertisers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (as ) Tj ET Q q 0 0 0 rg BT 58.53 680.00 Td (such ) Tj ET Q q 0 0 0 rg BT 75.07 680.00 Td (technologies ) Tj ET Q q 0 0 0 rg BT 117.37 680.00 Td (penetrate ) Tj ET Q q 0 0 0 rg BT 148.55 680.00 Td (our ) Tj ET Q q 0 0 0 rg BT 161.09 680.00 Td (markets. ) Tj ET Q q 0 0 0 rg BT 190.28 680.00 Td ( ) Tj ET Q q 0 0 0 rg BT 192.15 680.00 Td (New ) Tj ET Q q 0 0 0 rg BT 209.13 680.00 Td (business ) Tj ET Q q 0 0 0 rg BT 238.11 680.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 271.53 680.00 Td (of ) Tj ET Q q 0 0 0 rg BT 280.07 680.00 Td (ours ) Tj ET Q q 0 0 0 rg BT 295.71 680.00 Td (to ) Tj ET Q q 0 0 0 rg BT 303.81 680.00 Td (expand ) Tj ET Q q 0 0 0 rg BT 328.78 680.00 Td (our ) Tj ET Q q 0 0 0 rg BT 341.31 680.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 380.07 680.00 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 418.37 680.00 Td (to ) Tj ET Q q 0 0 0 rg BT 426.47 680.00 Td (adapt ) Tj ET Q q 0 0 0 rg BT 445.66 680.00 Td (to ) Tj ET Q q 0 0 0 rg BT 453.75 680.00 Td (changing ) Tj ET Q q 0 0 0 rg BT 484.95 680.00 Td (patterns ) Tj ET Q q 0 0 0 rg BT 512.14 680.00 Td (of ) Tj ET Q q 0 0 0 rg BT 520.68 680.00 Td (consumption ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.83 670.40 Td (content ) Tj ET Q q 0 0 0 rg BT 84.53 670.40 Td (may ) Tj ET Q q 0 0 0 rg BT 100.47 670.40 Td (not ) Tj ET Q q 0 0 0 rg BT 112.85 670.40 Td (be ) Tj ET Q q 0 0 0 rg BT 122.56 670.40 Td (embraced ) Tj ET Q q 0 0 0 rg BT 155.81 670.40 Td (by ) Tj ET Q q 0 0 0 rg BT 165.98 670.40 Td (consumers ) Tj ET Q q 0 0 0 rg BT 202.35 670.40 Td (and ) Tj ET Q q 0 0 0 rg BT 216.06 670.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 247.09 670.40 Td (may ) Tj ET Q q 0 0 0 rg BT 263.03 670.40 Td (not ) Tj ET Q q 0 0 0 rg BT 275.41 670.40 Td (develop ) Tj ET Q q 0 0 0 rg BT 302.90 670.40 Td (into ) Tj ET Q q 0 0 0 rg BT 317.50 670.40 Td (profitable ) Tj ET Q q 0 0 0 rg BT 350.76 670.40 Td (business ) Tj ET Q q 0 0 0 rg BT 380.04 670.40 Td (models. ) Tj ET Q q 0 0 0 rg BT 407.31 670.40 Td (New ) Tj ET Q q 0 0 0 rg BT 424.57 670.40 Td (technologies ) Tj ET Q q 0 0 0 rg BT 467.17 670.40 Td (that ) Tj ET Q q 0 0 0 rg BT 481.32 670.40 Td (enable ) Tj ET Q q 0 0 0 rg BT 504.36 670.40 Td (viewers ) Tj ET Q q 0 0 0 rg BT 531.40 670.40 Td (to ) Tj ET Q q 0 0 0 rg BT 539.78 670.40 Td (choose ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.80 Td (when, ) Tj ET Q q 0 0 0 rg BT 71.42 660.80 Td (how) Tj ET Q q 0 0 0 rg BT 84.68 660.80 Td (, ) Tj ET Q q 0 0 0 rg BT 88.77 660.80 Td (where ) Tj ET Q q 0 0 0 rg BT 110.40 660.80 Td (and ) Tj ET Q q 0 0 0 rg BT 124.04 660.80 Td (what ) Tj ET Q q 0 0 0 rg BT 141.68 660.80 Td (content ) Tj ET Q q 0 0 0 rg BT 167.32 660.80 Td (to ) Tj ET Q q 0 0 0 rg BT 175.63 660.80 Td (watch, ) Tj ET Q q 0 0 0 rg BT 198.82 660.80 Td (as ) Tj ET Q q 0 0 0 rg BT 207.57 660.80 Td (well ) Tj ET Q q 0 0 0 rg BT 223.44 660.80 Td (as ) Tj ET Q q 0 0 0 rg BT 232.19 660.80 Td (to ) Tj ET Q q 0 0 0 rg BT 240.50 660.80 Td (fast-forward ) Tj ET Q q 0 0 0 rg BT 282.13 660.80 Td (or ) Tj ET Q q 0 0 0 rg BT 290.88 660.80 Td (skip ) Tj ET Q q 0 0 0 rg BT 306.31 660.80 Td (advertisements, ) Tj ET Q q 0 0 0 rg BT 358.38 660.80 Td (may ) Tj ET Q q 0 0 0 rg BT 374.25 660.80 Td (cause ) Tj ET Q q 0 0 0 rg BT 394.10 660.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 421.96 660.80 Td (in ) Tj ET Q q 0 0 0 rg BT 430.27 660.80 Td (consumer ) Tj ET Q q 0 0 0 rg BT 463.46 660.80 Td (behavior ) Tj ET Q q 0 0 0 rg BT 493.54 660.80 Td (that ) Tj ET Q q 0 0 0 rg BT 507.63 660.80 Td (could ) Tj ET Q q 0 0 0 rg BT 527.49 660.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 551.35 660.80 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.20 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 87.74 651.20 Td ( ) Tj ET Q q 0 0 0 rg BT 89.69 651.20 Td (In ) Tj ET Q q 0 0 0 rg BT 98.32 651.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 128.49 651.20 Td (compression ) Tj ET Q q 0 0 0 rg BT 170.89 651.20 Td (techniques ) Tj ET Q q 0 0 0 rg BT 207.06 651.20 Td (and ) Tj ET Q q 0 0 0 rg BT 220.57 651.20 Td (other ) Tj ET Q q 0 0 0 rg BT 238.96 651.20 Td (technological ) Tj ET Q q 0 0 0 rg BT 284.01 651.20 Td (developments ) Tj ET Q q 0 0 0 rg BT 330.40 651.20 Td (allow ) Tj ET Q q 0 0 0 rg BT 350.14 651.20 Td (for ) Tj ET Q q 0 0 0 rg BT 361.42 651.20 Td (an ) Tj ET Q q 0 0 0 rg BT 370.93 651.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 399.09 651.20 Td (in ) Tj ET Q q 0 0 0 rg BT 407.27 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 419.00 651.20 Td (number ) Tj ET Q q 0 0 0 rg BT 445.40 651.20 Td (of ) Tj ET Q q 0 0 0 rg BT 454.02 651.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 483.97 651.20 Td (that ) Tj ET Q q 0 0 0 rg BT 497.92 651.20 Td (may ) Tj ET Q q 0 0 0 rg BT 513.65 651.20 Td (be ) Tj ET Q q 0 0 0 rg BT 523.16 651.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 555.77 651.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.60 Td (our ) Tj ET Q q 0 0 0 rg BT 62.42 641.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 89.50 641.60 Td (and ) Tj ET Q q 0 0 0 rg BT 102.80 641.60 Td (expanded ) Tj ET Q q 0 0 0 rg BT 135.21 641.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 180.51 641.60 Td (of) Tj ET Q q 0 0 0 rg BT 187.03 641.60 Td (ferings ) Tj ET Q q 0 0 0 rg BT 211.00 641.60 Td (that ) Tj ET Q q 0 0 0 rg BT 224.75 641.60 Td (may ) Tj ET Q q 0 0 0 rg BT 240.27 641.60 Td (be ) Tj ET Q q 0 0 0 rg BT 249.58 641.60 Td (of) Tj ET Q q 0 0 0 rg BT 256.10 641.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 274.28 641.60 Td (to ) Tj ET Q q 0 0 0 rg BT 282.26 641.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 304.46 641.60 Td (tar) Tj ET Q q 0 0 0 rg BT 312.75 641.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 331.83 641.60 Td (audiences. ) Tj ET Q q 0 0 0 rg BT 367.12 641.60 Td (Reductions ) Tj ET Q q 0 0 0 rg BT 404.87 641.60 Td (in ) Tj ET Q q 0 0 0 rg BT 412.85 641.60 Td (the ) Tj ET Q q 0 0 0 rg BT 424.38 641.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 439.02 641.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.43 641.60 Td (launching ) Tj ET Q q 0 0 0 rg BT 480.73 641.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 514.48 641.60 Td (channels ) Tj ET Q q 0 0 0 rg BT 544.22 641.60 Td (could ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 632.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 69.71 632.00 Td (entry ) Tj ET Q q 0 0 0 rg BT 87.64 632.00 Td (barriers ) Tj ET Q q 0 0 0 rg BT 113.56 632.00 Td (for ) Tj ET Q q 0 0 0 rg BT 124.38 632.00 Td (new ) Tj ET Q q 0 0 0 rg BT 139.20 632.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 168.69 632.00 Td (and ) Tj ET Q q 0 0 0 rg BT 181.73 632.00 Td (encourage ) Tj ET Q q 0 0 0 rg BT 216.09 632.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.36 632.00 Td (development ) Tj ET Q q 0 0 0 rg BT 270.17 632.00 Td (of ) Tj ET Q q 0 0 0 rg BT 278.33 632.00 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 318.92 632.00 Td (tar) Tj ET Q q 0 0 0 rg BT 327.21 632.00 Td (geted ) Tj ET Q q 0 0 0 rg BT 346.03 632.00 Td (niche ) Tj ET Q q 0 0 0 rg BT 364.85 632.00 Td (programming ) Tj ET Q q 0 0 0 rg BT 409.89 632.00 Td (on ) Tj ET Q q 0 0 0 rg BT 419.38 632.00 Td (various ) Tj ET Q q 0 0 0 rg BT 444.42 632.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 482.81 632.00 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 516.96 632.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 530.89 632.00 Td (television ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 93.06 622.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 128.57 622.40 Td (may ) Tj ET Q q 0 0 0 rg BT 144.53 622.40 Td (be ) Tj ET Q q 0 0 0 rg BT 154.27 622.40 Td (required ) Tj ET Q q 0 0 0 rg BT 183.10 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 191.51 622.40 Td (expend ) Tj ET Q q 0 0 0 rg BT 216.80 622.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 253.20 622.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.37 622.40 Td (and ) Tj ET Q q 0 0 0 rg BT 297.11 622.40 Td (managerial ) Tj ET Q q 0 0 0 rg BT 334.83 622.40 Td (resources ) Tj ET Q q 0 0 0 rg BT 367.22 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 375.63 622.40 Td (ensure ) Tj ET Q q 0 0 0 rg BT 398.70 622.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 431.97 622.40 Td (access ) Tj ET Q q 0 0 0 rg BT 454.59 622.40 Td (to ) Tj ET Q q 0 0 0 rg BT 463.00 622.40 Td (new ) Tj ET Q q 0 0 0 rg BT 478.51 622.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 521.57 622.40 Td (technologies ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 612.80 Td (or ) Tj ET Q q 0 0 0 rg BT 58.34 612.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 96.91 612.80 Td (systems. ) Tj ET Q q 0 0 0 rg BT 125.93 612.80 Td ( ) Tj ET Q q 0 0 0 rg BT 127.61 612.80 Td (In ) Tj ET Q q 0 0 0 rg BT 135.95 612.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 165.85 612.80 Td (an ) Tj ET Q q 0 0 0 rg BT 175.08 612.80 Td (expansion ) Tj ET Q q 0 0 0 rg BT 209.19 612.80 Td (in ) Tj ET Q q 0 0 0 rg BT 217.09 612.80 Td (competition ) Tj ET Q q 0 0 0 rg BT 256.99 612.80 Td (due ) Tj ET Q q 0 0 0 rg BT 270.22 612.80 Td (to ) Tj ET Q q 0 0 0 rg BT 278.12 612.80 Td (technological ) Tj ET Q q 0 0 0 rg BT 322.89 612.80 Td (innovation ) Tj ET Q q 0 0 0 rg BT 358.79 612.80 Td (may ) Tj ET Q q 0 0 0 rg BT 374.24 612.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 402.12 612.80 Td (competition ) Tj ET Q q 0 0 0 rg BT 442.01 612.80 Td (for ) Tj ET Q q 0 0 0 rg BT 453.02 612.80 Td (audiences ) Tj ET Q q 0 0 0 rg BT 486.24 612.80 Td (and ) Tj ET Q q 0 0 0 rg BT 499.47 612.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 536.69 612.80 Td (revenue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.20 Td (as ) Tj ET Q q 0 0 0 rg BT 57.68 603.20 Td (well ) Tj ET Q q 0 0 0 rg BT 72.46 603.20 Td (as ) Tj ET Q q 0 0 0 rg BT 80.14 603.20 Td (the ) Tj ET Q q 0 0 0 rg BT 90.92 603.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 129.70 603.20 Td (demand ) Tj ET Q q 0 0 0 rg BT 156.04 603.20 Td (for ) Tj ET Q q 0 0 0 rg BT 166.38 603.20 Td (programming. ) Tj ET Q q 0 0 0 rg BT 212.93 603.20 Td ( ) Tj ET Q q 0 0 0 rg BT 213.72 603.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 228.51 603.20 Td (requirement ) Tj ET Q q 0 0 0 rg BT 268.17 603.20 Td (for ) Tj ET Q q 0 0 0 rg BT 278.51 603.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 313.74 603.20 Td (further ) Tj ET Q q 0 0 0 rg BT 336.52 603.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 372.64 603.20 Td (to ) Tj ET Q q 0 0 0 rg BT 379.87 603.20 Td (address ) Tj ET Q q 0 0 0 rg BT 404.87 603.20 Td (competition ) Tj ET Q q 0 0 0 rg BT 444.10 603.20 Td (that ) Tj ET Q q 0 0 0 rg BT 457.11 603.20 Td (arises ) Tj ET Q q 0 0 0 rg BT 476.34 603.20 Td (on ) Tj ET Q q 0 0 0 rg BT 485.35 603.20 Td (account ) Tj ET Q q 0 0 0 rg BT 511.23 603.20 Td (of ) Tj ET Q q 0 0 0 rg BT 518.91 603.20 Td (technological ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 593.60 Td (innovations ) Tj ET Q q 0 0 0 rg BT 89.33 593.60 Td (in ) Tj ET Q q 0 0 0 rg BT 97.55 593.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 140.43 593.60 Td (may ) Tj ET Q q 0 0 0 rg BT 156.20 593.60 Td (have ) Tj ET Q q 0 0 0 rg BT 173.30 593.60 Td (an ) Tj ET Q q 0 0 0 rg BT 182.86 593.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 209.29 593.60 Td (ef) Tj ET Q q 0 0 0 rg BT 215.36 593.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 229.34 593.60 Td (on ) Tj ET Q q 0 0 0 rg BT 239.34 593.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.01 593.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.99 593.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 311.77 593.60 Td (results ) Tj ET Q q 0 0 0 rg BT 334.66 593.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.32 593.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 378.65 593.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.20 593.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.41 593.60 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (Piracy ) Tj ET Q q 0 0 0 rg BT 73.32 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 81.99 575.00 Td (our ) Tj ET Q q 0 0 0 rg BT 95.55 575.00 Td (content ) Tj ET Q q 0 0 0 rg BT 122.00 575.00 Td (may ) Tj ET Q q 0 0 0 rg BT 137.77 575.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 168.20 575.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.53 575.00 Td (we ) Tj ET Q q 0 0 0 rg BT 210.41 575.00 Td (can ) Tj ET Q q 0 0 0 rg BT 224.41 575.00 Td (earn ) Tj ET Q q 0 0 0 rg BT 241.53 575.00 Td (from ) Tj ET Q q 0 0 0 rg BT 259.53 575.00 Td (our ) Tj ET Q q 0 0 0 rg BT 273.09 575.00 Td (content ) Tj ET Q q 0 0 0 rg BT 299.54 575.00 Td (and ) Tj ET Q q 0 0 0 rg BT 313.98 575.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 346.64 575.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 370.86 575.00 Td (our ) Tj ET Q q 0 0 0 rg BT 384.42 575.00 Td (business ) Tj ET Q q 0 0 0 rg BT 414.43 575.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.88 575.00 Td (profitability) Tj ET Q q 0 0 0 rg BT 467.25 575.00 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.40 Td (Piracy ) Tj ET Q q 0 0 0 rg BT 71.89 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 80.01 559.40 Td (our ) Tj ET Q q 0 0 0 rg BT 92.13 559.40 Td (content ) Tj ET Q q 0 0 0 rg BT 117.14 559.40 Td (poses ) Tj ET Q q 0 0 0 rg BT 136.37 559.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 171.60 559.40 Td (challenges ) Tj ET Q q 0 0 0 rg BT 206.81 559.40 Td (in ) Tj ET Q q 0 0 0 rg BT 214.49 559.40 Td (our ) Tj ET Q q 0 0 0 rg BT 226.61 559.40 Td (markets. ) Tj ET Q q 0 0 0 rg BT 255.39 559.40 Td ( ) Tj ET Q q 0 0 0 rg BT 256.74 559.40 Td (T) Tj ET Q q 0 0 0 rg BT 261.07 559.40 Td (echnological ) Tj ET Q q 0 0 0 rg BT 303.40 559.40 Td (developments, ) Tj ET Q q 0 0 0 rg BT 351.29 559.40 Td (including ) Tj ET Q q 0 0 0 rg BT 382.96 559.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 404.86 559.40 Td (copying, ) Tj ET Q q 0 0 0 rg BT 434.09 559.40 Td (file ) Tj ET Q q 0 0 0 rg BT 446.21 559.40 Td (compressing, ) Tj ET Q q 0 0 0 rg BT 490.10 559.40 Td (the ) Tj ET Q q 0 0 0 rg BT 501.33 559.40 Td (use ) Tj ET Q q 0 0 0 rg BT 513.45 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 521.57 559.40 Td (international ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.80 Td (proxies ) Tj ET Q q 0 0 0 rg BT 75.17 549.80 Td (and ) Tj ET Q q 0 0 0 rg BT 88.35 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.74 549.80 Td (growing ) Tj ET Q q 0 0 0 rg BT 128.03 549.80 Td (penetration ) Tj ET Q q 0 0 0 rg BT 165.64 549.80 Td (of ) Tj ET Q q 0 0 0 rg BT 173.93 549.80 Td (high ) Tj ET Q q 0 0 0 rg BT 189.77 549.80 Td (bandwidth ) Tj ET Q q 0 0 0 rg BT 225.17 549.80 Td (internet ) Tj ET Q q 0 0 0 rg BT 251.22 549.80 Td (connections, ) Tj ET Q q 0 0 0 rg BT 293.06 549.80 Td (have ) Tj ET Q q 0 0 0 rg BT 309.78 549.80 Td (made ) Tj ET Q q 0 0 0 rg BT 328.73 549.80 Td (it ) Tj ET Q q 0 0 0 rg BT 334.80 549.80 Td (easier ) Tj ET Q q 0 0 0 rg BT 355.07 549.80 Td (to ) Tj ET Q q 0 0 0 rg BT 362.92 549.80 Td (create, ) Tj ET Q q 0 0 0 rg BT 385.63 549.80 Td (transmit ) Tj ET Q q 0 0 0 rg BT 413.47 549.80 Td (and ) Tj ET Q q 0 0 0 rg BT 426.65 549.80 Td (distribute ) Tj ET Q q 0 0 0 rg BT 458.49 549.80 Td (high ) Tj ET Q q 0 0 0 rg BT 474.34 549.80 Td (quality ) Tj ET Q q 0 0 0 rg BT 498.18 549.80 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 541.56 549.80 Td (copies ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 59.05 540.20 Td (content ) Tj ET Q q 0 0 0 rg BT 84.98 540.20 Td (in ) Tj ET Q q 0 0 0 rg BT 93.59 540.20 Td (unprotected ) Tj ET Q q 0 0 0 rg BT 133.74 540.20 Td (digital ) Tj ET Q q 0 0 0 rg BT 156.57 540.20 Td (formats. ) Tj ET Q q 0 0 0 rg BT 185.39 540.20 Td ( ) Tj ET Q q 0 0 0 rg BT 187.77 540.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 232.15 540.20 Td (there ) Tj ET Q q 0 0 0 rg BT 250.52 540.20 Td (are ) Tj ET Q q 0 0 0 rg BT 262.67 540.20 Td (a ) Tj ET Q q 0 0 0 rg BT 268.61 540.20 Td (growing ) Tj ET Q q 0 0 0 rg BT 297.66 540.20 Td (number ) Tj ET Q q 0 0 0 rg BT 324.48 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 333.53 540.20 Td (video ) Tj ET Q q 0 0 0 rg BT 353.69 540.20 Td (streaming ) Tj ET Q q 0 0 0 rg BT 387.63 540.20 Td (sites, ) Tj ET Q q 0 0 0 rg BT 406.23 540.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 441.49 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 453.65 540.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 468.04 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 477.09 540.20 Td (online ) Tj ET Q q 0 0 0 rg BT 499.47 540.20 Td (transmission ) Tj ET Q q 0 0 0 rg BT 542.30 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 551.35 540.20 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.60 Td (content ) Tj ET Q q 0 0 0 rg BT 75.95 530.60 Td (without ) Tj ET Q q 0 0 0 rg BT 102.80 530.60 Td (consent. ) Tj ET Q q 0 0 0 rg BT 131.64 530.60 Td ( ) Tj ET Q q 0 0 0 rg BT 133.87 530.60 Td (The ) Tj ET Q q 0 0 0 rg BT 148.71 530.60 Td (proliferation ) Tj ET Q q 0 0 0 rg BT 191.10 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.17 530.60 Td (such ) Tj ET Q q 0 0 0 rg BT 217.24 530.60 Td (sites ) Tj ET Q q 0 0 0 rg BT 233.87 530.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 277.15 530.60 Td (content ) Tj ET Q q 0 0 0 rg BT 303.10 530.60 Td (pirated ) Tj ET Q q 0 0 0 rg BT 327.71 530.60 Td (from ) Tj ET Q q 0 0 0 rg BT 345.67 530.60 Td (us ) Tj ET Q q 0 0 0 rg BT 355.19 530.60 Td (could ) Tj ET Q q 0 0 0 rg BT 375.36 530.60 Td (result ) Tj ET Q q 0 0 0 rg BT 395.54 530.60 Td (in ) Tj ET Q q 0 0 0 rg BT 404.17 530.60 Td (a ) Tj ET Q q 0 0 0 rg BT 410.12 530.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 442.74 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 451.81 530.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 482.64 530.60 Td (that ) Tj ET Q q 0 0 0 rg BT 497.04 530.60 Td (we ) Tj ET Q q 0 0 0 rg BT 508.77 530.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 534.27 530.60 Td (from ) Tj ET Q q 0 0 0 rg BT 552.22 530.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.00 Td (legitimate ) Tj ET Q q 0 0 0 rg BT 84.69 521.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 99.83 521.00 Td (and ) Tj ET Q q 0 0 0 rg BT 114.09 521.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 153.68 521.00 Td (of ) Tj ET Q q 0 0 0 rg BT 163.05 521.00 Td (our ) Tj ET Q q 0 0 0 rg BT 176.42 521.00 Td (content, ) Tj ET Q q 0 0 0 rg BT 204.67 521.00 Td (including ) Tj ET Q q 0 0 0 rg BT 237.59 521.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 268.73 521.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 302.52 521.00 Td (by ) Tj ET Q q 0 0 0 rg BT 313.03 521.00 Td (V) Tj ET Q q 0 0 0 rg BT 317.78 521.00 Td (oyo, ) Tj ET Q q 0 0 0 rg BT 334.48 521.00 Td (our ) Tj ET Q q 0 0 0 rg BT 347.85 521.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 389.66 521.00 Td (video-on-demand ) Tj ET Q q 0 0 0 rg BT 448.79 521.00 Td (service ) Tj ET Q q 0 0 0 rg BT 474.15 521.00 Td (and ) Tj ET Q q 0 0 0 rg BT 488.40 521.00 Td (other ) Tj ET Q q 0 0 0 rg BT 507.54 521.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 535.57 521.00 Td (streams. ) Tj ET Q q 0 0 0 rg BT 564.00 521.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td (Protection ) Tj ET Q q 0 0 0 rg BT 84.48 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 92.75 511.40 Td (our ) Tj ET Q q 0 0 0 rg BT 105.01 511.40 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 142.15 511.40 Td (property ) Tj ET Q q 0 0 0 rg BT 170.85 511.40 Td (is ) Tj ET Q q 0 0 0 rg BT 177.79 511.40 Td (dependent ) Tj ET Q q 0 0 0 rg BT 212.27 511.40 Td (on ) Tj ET Q q 0 0 0 rg BT 221.87 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.24 511.40 Td (manner ) Tj ET Q q 0 0 0 rg BT 258.83 511.40 Td (in ) Tj ET Q q 0 0 0 rg BT 266.65 511.40 Td (which ) Tj ET Q q 0 0 0 rg BT 287.80 511.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 322.28 511.40 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 359.42 511.40 Td (property ) Tj ET Q q 0 0 0 rg BT 388.12 511.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 404.38 511.40 Td (in ) Tj ET Q q 0 0 0 rg BT 412.21 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 423.58 511.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 454.50 511.40 Td (in ) Tj ET Q q 0 0 0 rg BT 462.33 511.40 Td (which ) Tj ET Q q 0 0 0 rg BT 483.48 511.40 Td (we ) Tj ET Q q 0 0 0 rg BT 494.41 511.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 519.55 511.40 Td (are ) Tj ET Q q 0 0 0 rg BT 530.91 511.40 Td (construed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.31 501.80 Td (enforced. ) Tj ET Q q 0 0 0 rg BT 94.92 501.80 Td (W) Tj ET Q q 0 0 0 rg BT 101.83 501.80 Td (e ) Tj ET Q q 0 0 0 rg BT 107.14 501.80 Td (seek ) Tj ET Q q 0 0 0 rg BT 123.12 501.80 Td (to ) Tj ET Q q 0 0 0 rg BT 131.10 501.80 Td (limit ) Tj ET Q q 0 0 0 rg BT 147.97 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.50 501.80 Td (threat ) Tj ET Q q 0 0 0 rg BT 179.47 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 187.89 501.80 Td (content ) Tj ET Q q 0 0 0 rg BT 213.20 501.80 Td (piracy) Tj ET Q q 0 0 0 rg BT 232.67 501.80 Td (. ) Tj ET Q q 0 0 0 rg BT 236.43 501.80 Td ( ) Tj ET Q q 0 0 0 rg BT 238.19 501.80 Td (However) Tj ET Q q 0 0 0 rg BT 267.19 501.80 Td (, ) Tj ET Q q 0 0 0 rg BT 270.94 501.80 Td (detecting ) Tj ET Q q 0 0 0 rg BT 302.02 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 501.80 Td (policing ) Tj ET Q q 0 0 0 rg BT 343.31 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 354.84 501.80 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 398.36 501.80 Td (use ) Tj ET Q q 0 0 0 rg BT 410.79 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 419.21 501.80 Td (our ) Tj ET Q q 0 0 0 rg BT 431.63 501.80 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 468.93 501.80 Td (property ) Tj ET Q q 0 0 0 rg BT 497.79 501.80 Td (is ) Tj ET Q q 0 0 0 rg BT 504.88 501.80 Td (often ) Tj ET Q q 0 0 0 rg BT 523.08 501.80 Td (dif) Tj ET Q q 0 0 0 rg BT 531.82 501.80 Td (ficult ) Tj ET Q q 0 0 0 rg BT 550.46 501.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.20 Td (remedies ) Tj ET Q q 0 0 0 rg BT 81.15 492.20 Td (may ) Tj ET Q q 0 0 0 rg BT 97.20 492.20 Td (be ) Tj ET Q q 0 0 0 rg BT 107.02 492.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 131.96 492.20 Td (under ) Tj ET Q q 0 0 0 rg BT 152.45 492.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 187.60 492.20 Td (law) Tj ET Q q 0 0 0 rg BT 198.63 492.20 Td (. ) Tj ET Q q 0 0 0 rg BT 202.90 492.20 Td ( ) Tj ET Q q 0 0 0 rg BT 205.18 492.20 Td (Steps ) Tj ET Q q 0 0 0 rg BT 224.79 492.20 Td (we ) Tj ET Q q 0 0 0 rg BT 236.39 492.20 Td (take ) Tj ET Q q 0 0 0 rg BT 251.99 492.20 Td (may ) Tj ET Q q 0 0 0 rg BT 268.04 492.20 Td (not ) Tj ET Q q 0 0 0 rg BT 280.53 492.20 Td (prevent ) Tj ET Q q 0 0 0 rg BT 306.79 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 318.84 492.20 Td (infringement ) Tj ET Q q 0 0 0 rg BT 362.44 492.20 Td (by ) Tj ET Q q 0 0 0 rg BT 372.71 492.20 Td (third ) Tj ET Q q 0 0 0 rg BT 390.10 492.20 Td (parties. ) Tj ET Q q 0 0 0 rg BT 415.69 492.20 Td ( ) Tj ET Q q 0 0 0 rg BT 417.80 492.20 Td (There ) Tj ET Q q 0 0 0 rg BT 438.73 492.20 Td (can ) Tj ET Q q 0 0 0 rg BT 452.11 492.20 Td (be ) Tj ET Q q 0 0 0 rg BT 461.93 492.20 Td (no ) Tj ET Q q 0 0 0 rg BT 472.21 492.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 505.57 492.20 Td (that ) Tj ET Q q 0 0 0 rg BT 519.85 492.20 Td (our ) Tj ET Q q 0 0 0 rg BT 532.78 492.20 Td (ef) Tj ET Q q 0 0 0 rg BT 538.85 492.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 555.79 492.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 482.60 Td (enforce ) Tj ET Q q 0 0 0 rg BT 75.98 482.60 Td (our ) Tj ET Q q 0 0 0 rg BT 88.64 482.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 108.87 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.42 482.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 146.63 482.60 Td (our ) Tj ET Q q 0 0 0 rg BT 159.29 482.60 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 196.83 482.60 Td (property ) Tj ET Q q 0 0 0 rg BT 225.93 482.60 Td (will ) Tj ET Q q 0 0 0 rg BT 240.38 482.60 Td (be ) Tj ET Q q 0 0 0 rg BT 249.93 482.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 284.81 482.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.03 482.60 Td (preventing ) Tj ET Q q 0 0 0 rg BT 329.24 482.60 Td (piracy) Tj ET Q q 0 0 0 rg BT 348.71 482.60 Td (, ) Tj ET Q q 0 0 0 rg BT 352.71 482.60 Td (which ) Tj ET Q q 0 0 0 rg BT 374.26 482.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 394.49 482.60 Td (our ) Tj ET Q q 0 0 0 rg BT 407.15 482.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 429.59 482.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.82 482.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 466.91 482.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 497.34 482.60 Td (from ) Tj ET Q q 0 0 0 rg BT 514.89 482.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.55 482.60 Td (content. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 464.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 464.00 Td (e ) Tj ET Q q 0 0 0 rg BT 61.35 464.00 Td (rely ) Tj ET Q q 0 0 0 rg BT 75.07 464.00 Td (on ) Tj ET Q q 0 0 0 rg BT 84.81 464.00 Td (network ) Tj ET Q q 0 0 0 rg BT 112.76 464.00 Td (and ) Tj ET Q q 0 0 0 rg BT 126.49 464.00 Td (information ) Tj ET Q q 0 0 0 rg BT 167.34 464.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 193.51 464.00 Td (and ) Tj ET Q q 0 0 0 rg BT 207.25 464.00 Td (other ) Tj ET Q q 0 0 0 rg BT 225.87 464.00 Td (technology ) Tj ET Q q 0 0 0 rg BT 263.14 464.00 Td (that ) Tj ET Q q 0 0 0 rg BT 277.32 464.00 Td (may ) Tj ET Q q 0 0 0 rg BT 292.38 464.00 Td (be ) Tj ET Q q 0 0 0 rg BT 301.21 464.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 325.61 464.00 Td (to ) Tj ET Q q 0 0 0 rg BT 333.11 464.00 Td (disruption ) Tj ET Q q 0 0 0 rg BT 368.19 464.00 Td (or ) Tj ET Q q 0 0 0 rg BT 376.58 464.00 Td (misuse, ) Tj ET Q q 0 0 0 rg BT 402.54 464.00 Td (which ) Tj ET Q q 0 0 0 rg BT 423.83 464.00 Td (could ) Tj ET Q q 0 0 0 rg BT 443.34 464.00 Td (harm ) Tj ET Q q 0 0 0 rg BT 462.40 464.00 Td (our ) Tj ET Q q 0 0 0 rg BT 475.25 464.00 Td (business ) Tj ET Q q 0 0 0 rg BT 504.54 464.00 Td (or ) Tj ET Q q 0 0 0 rg BT 512.94 464.00 Td (our ) Tj ET Q q 0 0 0 rg BT 525.79 464.00 Td (reputation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 448.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.65 448.40 Td (make ) Tj ET Q q 0 0 0 rg BT 82.16 448.40 Td (extensive ) Tj ET Q q 0 0 0 rg BT 114.56 448.40 Td (use ) Tj ET Q q 0 0 0 rg BT 127.42 448.40 Td (of ) Tj ET Q q 0 0 0 rg BT 136.27 448.40 Td (network ) Tj ET Q q 0 0 0 rg BT 164.68 448.40 Td (and ) Tj ET Q q 0 0 0 rg BT 178.42 448.40 Td (information ) Tj ET Q q 0 0 0 rg BT 218.38 448.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 245.90 448.40 Td (and ) Tj ET Q q 0 0 0 rg BT 259.64 448.40 Td (other ) Tj ET Q q 0 0 0 rg BT 278.27 448.40 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 322.89 448.40 Td (including ) Tj ET Q q 0 0 0 rg BT 355.30 448.40 Td (those ) Tj ET Q q 0 0 0 rg BT 374.38 448.40 Td (related ) Tj ET Q q 0 0 0 rg BT 398.33 448.40 Td (to ) Tj ET Q q 0 0 0 rg BT 406.74 448.40 Td (our ) Tj ET Q q 0 0 0 rg BT 419.59 448.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 446.21 448.40 Td (network ) Tj ET Q q 0 0 0 rg BT 474.62 448.40 Td (management ) Tj ET Q q 0 0 0 rg BT 517.68 448.40 Td (as ) Tj ET Q q 0 0 0 rg BT 526.53 448.40 Td (well ) Tj ET Q q 0 0 0 rg BT 542.50 448.40 Td (as ) Tj ET Q q 0 0 0 rg BT 551.35 448.40 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 438.80 Td (new ) Tj ET Q q 0 0 0 rg BT 64.94 438.80 Td (media ) Tj ET Q q 0 0 0 rg BT 86.11 438.80 Td (operations. ) Tj ET Q q 0 0 0 rg BT 123.04 438.80 Td ( ) Tj ET Q q 0 0 0 rg BT 124.54 438.80 Td (These ) Tj ET Q q 0 0 0 rg BT 145.26 438.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 172.21 438.80 Td (are ) Tj ET Q q 0 0 0 rg BT 183.59 438.80 Td (central ) Tj ET Q q 0 0 0 rg BT 206.97 438.80 Td (to ) Tj ET Q q 0 0 0 rg BT 214.81 438.80 Td (many ) Tj ET Q q 0 0 0 rg BT 234.20 438.80 Td (of ) Tj ET Q q 0 0 0 rg BT 242.48 438.80 Td (our ) Tj ET Q q 0 0 0 rg BT 254.75 438.80 Td (business ) Tj ET Q q 0 0 0 rg BT 283.48 438.80 Td (activities. ) Tj ET Q q 0 0 0 rg BT 315.98 438.80 Td ( ) Tj ET Q q 0 0 0 rg BT 317.59 438.80 Td (Network ) Tj ET Q q 0 0 0 rg BT 347.20 438.80 Td (and ) Tj ET Q q 0 0 0 rg BT 360.37 438.80 Td (information ) Tj ET Q q 0 0 0 rg BT 399.75 438.80 Td (systems-related ) Tj ET Q q 0 0 0 rg BT 451.13 438.80 Td (events, ) Tj ET Q q 0 0 0 rg BT 475.18 438.80 Td (such ) Tj ET Q q 0 0 0 rg BT 491.46 438.80 Td (as ) Tj ET Q q 0 0 0 rg BT 499.74 438.80 Td (computer ) Tj ET Q q 0 0 0 rg BT 531.56 438.80 Td (hackings, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 429.20 Td (computer ) Tj ET Q q 0 0 0 rg BT 81.65 429.20 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 107.75 429.20 Td (worms ) Tj ET Q q 0 0 0 rg BT 130.96 429.20 Td (or ) Tj ET Q q 0 0 0 rg BT 139.06 429.20 Td (other ) Tj ET Q q 0 0 0 rg BT 156.93 429.20 Td (destructive ) Tj ET Q q 0 0 0 rg BT 193.46 429.20 Td (or ) Tj ET Q q 0 0 0 rg BT 201.56 429.20 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 235.00 429.20 Td (software, ) Tj ET Q q 0 0 0 rg BT 265.97 429.20 Td (process ) Tj ET Q q 0 0 0 rg BT 291.40 429.20 Td (breakdowns, ) Tj ET Q q 0 0 0 rg BT 333.49 429.20 Td (malicious ) Tj ET Q q 0 0 0 rg BT 366.04 429.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 396.35 429.20 Td (or ) Tj ET Q q 0 0 0 rg BT 404.45 429.20 Td (other ) Tj ET Q q 0 0 0 rg BT 422.32 429.20 Td (security ) Tj ET Q q 0 0 0 rg BT 449.08 429.20 Td (breaches ) Tj ET Q q 0 0 0 rg BT 478.50 429.20 Td (could ) Tj ET Q q 0 0 0 rg BT 497.71 429.20 Td (result ) Tj ET Q q 0 0 0 rg BT 516.92 429.20 Td (in ) Tj ET Q q 0 0 0 rg BT 524.57 429.20 Td (a ) Tj ET Q q 0 0 0 rg BT 529.56 429.20 Td (disruption ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 419.60 Td (or ) Tj ET Q q 0 0 0 rg BT 58.45 419.60 Td (degradation ) Tj ET Q q 0 0 0 rg BT 98.01 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.46 419.60 Td (our ) Tj ET Q q 0 0 0 rg BT 118.91 419.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 148.47 419.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.03 419.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 174.27 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 182.73 419.60 Td (information ) Tj ET Q q 0 0 0 rg BT 222.29 419.60 Td (or ) Tj ET Q q 0 0 0 rg BT 230.74 419.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.30 419.60 Td (improper ) Tj ET Q q 0 0 0 rg BT 273.42 419.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 307.65 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.10 419.60 Td (personal ) Tj ET Q q 0 0 0 rg BT 344.99 419.60 Td (data. ) Tj ET Q q 0 0 0 rg BT 362.11 419.60 Td ( ) Tj ET Q q 0 0 0 rg BT 363.77 419.60 Td (The ) Tj ET Q q 0 0 0 rg BT 377.99 419.60 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 414.87 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.32 419.60 Td (any ) Tj ET Q q 0 0 0 rg BT 436.66 419.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.11 419.60 Td (these ) Tj ET Q q 0 0 0 rg BT 463.34 419.60 Td (events ) Tj ET Q q 0 0 0 rg BT 485.57 419.60 Td (could ) Tj ET Q q 0 0 0 rg BT 505.13 419.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 540.24 419.60 Td (impact ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 410.00 Td (our ) Tj ET Q q 0 0 0 rg BT 62.40 410.00 Td (business ) Tj ET Q q 0 0 0 rg BT 91.24 410.00 Td (by ) Tj ET Q q 0 0 0 rg BT 100.97 410.00 Td (requiring ) Tj ET Q q 0 0 0 rg BT 132.03 410.00 Td (us ) Tj ET Q q 0 0 0 rg BT 140.88 410.00 Td (to ) Tj ET Q q 0 0 0 rg BT 148.83 410.00 Td (expend ) Tj ET Q q 0 0 0 rg BT 173.67 410.00 Td (resources ) Tj ET Q q 0 0 0 rg BT 205.61 410.00 Td (to ) Tj ET Q q 0 0 0 rg BT 213.56 410.00 Td (remedy ) Tj ET Q q 0 0 0 rg BT 239.28 410.00 Td (such ) Tj ET Q q 0 0 0 rg BT 255.68 410.00 Td (a ) Tj ET Q q 0 0 0 rg BT 260.96 410.00 Td (security ) Tj ET Q q 0 0 0 rg BT 288.02 410.00 Td (breach ) Tj ET Q q 0 0 0 rg BT 311.07 410.00 Td (or ) Tj ET Q q 0 0 0 rg BT 319.46 410.00 Td (by ) Tj ET Q q 0 0 0 rg BT 329.20 410.00 Td (harming ) Tj ET Q q 0 0 0 rg BT 357.59 410.00 Td (our ) Tj ET Q q 0 0 0 rg BT 369.98 410.00 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 406.15 410.00 Td ( ) Tj ET Q q 0 0 0 rg BT 407.88 410.00 Td (In ) Tj ET Q q 0 0 0 rg BT 416.28 410.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 446.23 410.00 Td (improper ) Tj ET Q q 0 0 0 rg BT 477.29 410.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 511.46 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 519.85 410.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 548.69 410.00 Td (data ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 400.40 Td (could ) Tj ET Q q 0 0 0 rg BT 69.78 400.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 94.44 400.40 Td (us ) Tj ET Q q 0 0 0 rg BT 103.56 400.40 Td (to ) Tj ET Q q 0 0 0 rg BT 111.78 400.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 138.67 400.40 Td (under ) Tj ET Q q 0 0 0 rg BT 158.89 400.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 175.56 400.40 Td (that ) Tj ET Q q 0 0 0 rg BT 189.55 400.40 Td (protect ) Tj ET Q q 0 0 0 rg BT 213.77 400.40 Td (personal ) Tj ET Q q 0 0 0 rg BT 242.87 400.40 Td (data ) Tj ET Q q 0 0 0 rg BT 258.20 400.40 Td (in ) Tj ET Q q 0 0 0 rg BT 266.43 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.20 400.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 309.53 400.40 Td (in ) Tj ET Q q 0 0 0 rg BT 317.75 400.40 Td (which ) Tj ET Q q 0 0 0 rg BT 339.31 400.40 Td (we ) Tj ET Q q 0 0 0 rg BT 350.64 400.40 Td (operate. ) Tj ET Q q 0 0 0 rg BT 378.18 400.40 Td ( ) Tj ET Q q 0 0 0 rg BT 380.04 400.40 Td (The ) Tj ET Q q 0 0 0 rg BT 394.48 400.40 Td (development ) Tj ET Q q 0 0 0 rg BT 437.80 400.40 Td (and ) Tj ET Q q 0 0 0 rg BT 451.36 400.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 493.78 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 502.45 400.40 Td (systems ) Tj ET Q q 0 0 0 rg BT 529.79 400.40 Td (to ) Tj ET Q q 0 0 0 rg BT 538.01 400.40 Td (prevent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 390.80 Td (these ) Tj ET Q q 0 0 0 rg BT 68.82 390.80 Td (events ) Tj ET Q q 0 0 0 rg BT 91.65 390.80 Td (from ) Tj ET Q q 0 0 0 rg BT 109.58 390.80 Td (occurring ) Tj ET Q q 0 0 0 rg BT 142.62 390.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 170.77 390.80 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 199.38 390.80 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 237.32 390.80 Td (and ) Tj ET Q q 0 0 0 rg BT 251.26 390.80 Td (updating ) Tj ET Q q 0 0 0 rg BT 281.64 390.80 Td (as ) Tj ET Q q 0 0 0 rg BT 290.69 390.80 Td (ef) Tj ET Q q 0 0 0 rg BT 296.76 390.80 Td (forts ) Tj ET Q q 0 0 0 rg BT 313.81 390.80 Td (to ) Tj ET Q q 0 0 0 rg BT 322.42 390.80 Td (overcome ) Tj ET Q q 0 0 0 rg BT 356.34 390.80 Td (security ) Tj ET Q q 0 0 0 rg BT 384.05 390.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 416.20 390.80 Td (become ) Tj ET Q q 0 0 0 rg BT 443.46 390.80 Td (more ) Tj ET Q q 0 0 0 rg BT 462.29 390.80 Td (sophisticated. ) Tj ET Q q 0 0 0 rg BT 508.44 390.80 Td ( ) Tj ET Q q 0 0 0 rg BT 510.30 390.80 Td (As ) Tj ET Q q 0 0 0 rg BT 521.58 390.80 Td (technologies ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.20 Td (evolve, ) Tj ET Q q 0 0 0 rg BT 75.68 381.20 Td (we ) Tj ET Q q 0 0 0 rg BT 87.37 381.20 Td (will ) Tj ET Q q 0 0 0 rg BT 102.17 381.20 Td (need ) Tj ET Q q 0 0 0 rg BT 119.63 381.20 Td (to ) Tj ET Q q 0 0 0 rg BT 128.21 381.20 Td (expend ) Tj ET Q q 0 0 0 rg BT 153.67 381.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 188.02 381.20 Td (resources ) Tj ET Q q 0 0 0 rg BT 220.59 381.20 Td (to ) Tj ET Q q 0 0 0 rg BT 229.17 381.20 Td (protect ) Tj ET Q q 0 0 0 rg BT 253.74 381.20 Td (our ) Tj ET Q q 0 0 0 rg BT 266.76 381.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 304.67 381.20 Td (and ) Tj ET Q q 0 0 0 rg BT 318.58 381.20 Td (information ) Tj ET Q q 0 0 0 rg BT 358.71 381.20 Td (systems, ) Tj ET Q q 0 0 0 rg BT 388.40 381.20 Td (which ) Tj ET Q q 0 0 0 rg BT 410.31 381.20 Td (could ) Tj ET Q q 0 0 0 rg BT 430.44 381.20 Td (have ) Tj ET Q q 0 0 0 rg BT 447.90 381.20 Td (an ) Tj ET Q q 0 0 0 rg BT 457.81 381.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 484.60 381.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 508.73 381.20 Td (on ) Tj ET Q q 0 0 0 rg BT 519.08 381.20 Td (our ) Tj ET Q q 0 0 0 rg BT 532.11 381.20 Td (results ) Tj ET Q q 0 0 0 rg BT 555.35 381.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 371.60 Td (operations.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 353.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.89 353.00 Td (transition ) Tj ET Q q 0 0 0 rg BT 98.90 353.00 Td (to ) Tj ET Q q 0 0 0 rg BT 107.13 353.00 Td (digital ) Tj ET Q q 0 0 0 rg BT 130.02 353.00 Td (television ) Tj ET Q q 0 0 0 rg BT 163.12 353.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 207.79 353.00 Td (may ) Tj ET Q q 0 0 0 rg BT 223.57 353.00 Td (require ) Tj ET Q q 0 0 0 rg BT 249.57 353.00 Td (substantial ) Tj ET Q q 0 0 0 rg BT 287.58 353.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 322.92 353.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 363.59 353.00 Td (and ) Tj ET Q q 0 0 0 rg BT 378.04 353.00 Td (the ) Tj ET Q q 0 0 0 rg BT 390.26 353.00 Td (ef) Tj ET Q q 0 0 0 rg BT 396.33 353.00 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 433.87 353.00 Td (of ) Tj ET Q q 0 0 0 rg BT 442.54 353.00 Td (such ) Tj ET Q q 0 0 0 rg BT 460.10 353.00 Td (investments ) Tj ET Q q 0 0 0 rg BT 500.77 353.00 Td (is ) Tj ET Q q 0 0 0 rg BT 508.10 353.00 Td (uncertain.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 337.40 Td (Countries ) Tj ET Q q 0 0 0 rg BT 82.81 337.40 Td (in ) Tj ET Q q 0 0 0 rg BT 90.74 337.40 Td (which ) Tj ET Q q 0 0 0 rg BT 112.00 337.40 Td (we ) Tj ET Q q 0 0 0 rg BT 123.03 337.40 Td (have ) Tj ET Q q 0 0 0 rg BT 139.83 337.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 174.86 337.40 Td (are ) Tj ET Q q 0 0 0 rg BT 186.33 337.40 Td (migrating ) Tj ET Q q 0 0 0 rg BT 219.14 337.40 Td (from ) Tj ET Q q 0 0 0 rg BT 236.40 337.40 Td (analog ) Tj ET Q q 0 0 0 rg BT 259.42 337.40 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 291.78 337.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 334.36 337.40 Td (to ) Tj ET Q q 0 0 0 rg BT 342.28 337.40 Td (DTT) Tj ET Q q 0 0 0 rg BT 357.69 337.40 Td ( ) Tj ET Q q 0 0 0 rg BT 359.39 337.40 Td (broadcasting. ) Tj ET Q q 0 0 0 rg BT 403.97 337.40 Td ( ) Tj ET Q q 0 0 0 rg BT 405.68 337.40 Td (Each ) Tj ET Q q 0 0 0 rg BT 423.37 337.40 Td (country ) Tj ET Q q 0 0 0 rg BT 449.51 337.40 Td (has ) Tj ET Q q 0 0 0 rg BT 461.88 337.40 Td (independent ) Tj ET Q q 0 0 0 rg BT 502.68 337.40 Td (plans ) Tj ET Q q 0 0 0 rg BT 521.27 337.40 Td (for ) Tj ET Q q 0 0 0 rg BT 532.30 337.40 Td (its ) Tj ET Q q 0 0 0 rg BT 541.57 337.40 Td (digital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 327.80 Td (switchover ) Tj ET Q q 0 0 0 rg BT 87.62 327.80 Td (with ) Tj ET Q q 0 0 0 rg BT 104.35 327.80 Td (its ) Tj ET Q q 0 0 0 rg BT 114.43 327.80 Td (own ) Tj ET Q q 0 0 0 rg BT 130.72 327.80 Td (timeframe, ) Tj ET Q q 0 0 0 rg BT 168.10 327.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.83 327.80 Td (model ) Tj ET Q q 0 0 0 rg BT 223.34 327.80 Td (and ) Tj ET Q q 0 0 0 rg BT 237.41 327.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 272.80 327.80 Td (and ) Tj ET Q q 0 0 0 rg BT 286.86 327.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 324.48 327.80 Td (regime. ) Tj ET Q q 0 0 0 rg BT 351.21 327.80 Td ( ) Tj ET Q q 0 0 0 rg BT 353.72 327.80 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 385.78 327.80 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 413.84 327.80 Td (the ) Tj ET Q q 0 0 0 rg BT 426.13 327.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 448.64 327.80 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 482.03 327.80 Td (the ) Tj ET Q q 0 0 0 rg BT 494.32 327.80 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 519.06 327.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 550.46 327.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 318.20 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 80.07 318.20 Td (have ) Tj ET Q q 0 0 0 rg BT 97.25 318.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 132.65 318.20 Td (the ) Tj ET Q q 0 0 0 rg BT 144.50 318.20 Td (analog ) Tj ET Q q 0 0 0 rg BT 167.90 318.20 Td (switch-of) Tj ET Q q 0 0 0 rg BT 197.97 318.20 Td (f. ) Tj ET Q q 0 0 0 rg BT 204.71 318.20 Td ( ) Tj ET Q q 0 0 0 rg BT 206.78 318.20 Td (In ) Tj ET Q q 0 0 0 rg BT 215.52 318.20 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 248.48 318.20 Td (which ) Tj ET Q q 0 0 0 rg BT 270.11 318.20 Td (is ) Tj ET Q q 0 0 0 rg BT 277.52 318.20 Td (in ) Tj ET Q q 0 0 0 rg BT 285.82 318.20 Td (the ) Tj ET Q q 0 0 0 rg BT 297.67 318.20 Td (initial ) Tj ET Q q 0 0 0 rg BT 318.41 318.20 Td (stages ) Tj ET Q q 0 0 0 rg BT 340.04 318.20 Td (of ) Tj ET Q q 0 0 0 rg BT 348.78 318.20 Td (migration, ) Tj ET Q q 0 0 0 rg BT 383.96 318.20 Td (completion ) Tj ET Q q 0 0 0 rg BT 422.03 318.20 Td (is ) Tj ET Q q 0 0 0 rg BT 429.44 318.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 459.94 318.20 Td (by ) Tj ET Q q 0 0 0 rg BT 470.02 318.20 Td (2015. ) Tj ET Q q 0 0 0 rg BT 490.09 318.20 Td ( ) Tj ET Q q 0 0 0 rg BT 492.02 318.20 Td (W) Tj ET Q q 0 0 0 rg BT 498.93 318.20 Td (e ) Tj ET Q q 0 0 0 rg BT 504.56 318.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 527.96 318.20 Td (predict ) Tj ET Q q 0 0 0 rg BT 552.24 318.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 308.60 Td (full ) Tj ET Q q 0 0 0 rg BT 63.29 308.60 Td (ef) Tj ET Q q 0 0 0 rg BT 69.36 308.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 83.53 308.60 Td (of ) Tj ET Q q 0 0 0 rg BT 92.38 308.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.34 308.60 Td (migration ) Tj ET Q q 0 0 0 rg BT 137.62 308.60 Td (to ) Tj ET Q q 0 0 0 rg BT 146.03 308.60 Td (DTT) Tj ET Q q 0 0 0 rg BT 161.44 308.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.62 308.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 206.68 308.60 Td (on ) Tj ET Q q 0 0 0 rg BT 216.86 308.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 244.37 308.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.88 308.60 Td (or ) Tj ET Q q 0 0 0 rg BT 288.73 308.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.68 308.60 Td (take ) Tj ET Q q 0 0 0 rg BT 316.19 308.60 Td (up ) Tj ET Q q 0 0 0 rg BT 326.37 308.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.22 308.60 Td (DTT) Tj ET Q q 0 0 0 rg BT 350.63 308.60 Td ( ) Tj ET Q q 0 0 0 rg BT 352.81 308.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 395.87 308.60 Td (by ) Tj ET Q q 0 0 0 rg BT 406.05 308.60 Td (their ) Tj ET Q q 0 0 0 rg BT 422.89 308.60 Td (audiences. ) Tj ET Q q 0 0 0 rg BT 458.61 308.60 Td ( ) Tj ET Q q 0 0 0 rg BT 460.64 308.60 Td (W) Tj ET Q q 0 0 0 rg BT 467.55 308.60 Td (e ) Tj ET Q q 0 0 0 rg BT 473.28 308.60 Td (also ) Tj ET Q q 0 0 0 rg BT 488.35 308.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 511.86 308.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 536.25 308.60 Td (whether ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 299.00 Td (our ) Tj ET Q q 0 0 0 rg BT 62.35 299.00 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 96.92 299.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 131.93 299.00 Td (will ) Tj ET Q q 0 0 0 rg BT 146.06 299.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 170.84 299.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 190.75 299.00 Td (or ) Tj ET Q q 0 0 0 rg BT 199.10 299.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 226.11 299.00 Td (to ) Tj ET Q q 0 0 0 rg BT 234.02 299.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 266.36 299.00 Td (any ) Tj ET Q q 0 0 0 rg BT 279.59 299.00 Td (existing ) Tj ET Q q 0 0 0 rg BT 306.61 299.00 Td (or ) Tj ET Q q 0 0 0 rg BT 314.96 299.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 348.64 299.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 378.32 299.00 Td (if ) Tj ET Q q 0 0 0 rg BT 384.89 299.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 418.57 299.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 438.48 299.00 Td (or ) Tj ET Q q 0 0 0 rg BT 446.83 299.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 473.84 299.00 Td (to ) Tj ET Q q 0 0 0 rg BT 481.75 299.00 Td (such ) Tj ET Q q 0 0 0 rg BT 498.10 299.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 540.66 299.00 Td (should ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 289.40 Td (be ) Tj ET Q q 0 0 0 rg BT 59.65 289.40 Td (required ) Tj ET Q q 0 0 0 rg BT 88.41 289.40 Td (once ) Tj ET Q q 0 0 0 rg BT 105.61 289.40 Td (the ) Tj ET Q q 0 0 0 rg BT 117.49 289.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 140.03 289.40 Td (switchover ) Tj ET Q q 0 0 0 rg BT 177.24 289.40 Td (in ) Tj ET Q q 0 0 0 rg BT 185.56 289.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 216.55 289.40 Td (is ) Tj ET Q q 0 0 0 rg BT 223.99 289.40 Td (completed. ) Tj ET Q q 0 0 0 rg BT 261.41 289.40 Td ( ) Tj ET Q q 0 0 0 rg BT 263.51 289.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 278.05 289.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 313.48 289.40 Td (may ) Tj ET Q q 0 0 0 rg BT 329.36 289.40 Td (be ) Tj ET Q q 0 0 0 rg BT 339.01 289.40 Td (required ) Tj ET Q q 0 0 0 rg BT 367.77 289.40 Td (to ) Tj ET Q q 0 0 0 rg BT 376.09 289.40 Td (make ) Tj ET Q q 0 0 0 rg BT 395.52 289.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 431.84 289.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 469.05 289.40 Td (and ) Tj ET Q q 0 0 0 rg BT 482.70 289.40 Td (commit ) Tj ET Q q 0 0 0 rg BT 509.24 289.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 545.57 289.40 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 279.80 Td (resources ) Tj ET Q q 0 0 0 rg BT 81.65 279.80 Td (to ) Tj ET Q q 0 0 0 rg BT 89.31 279.80 Td (implement ) Tj ET Q q 0 0 0 rg BT 124.96 279.80 Td (DTT) Tj ET Q q 0 0 0 rg BT 140.37 279.80 Td ( ) Tj ET Q q 0 0 0 rg BT 141.80 279.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 184.12 279.80 Td (and ) Tj ET Q q 0 0 0 rg BT 197.11 279.80 Td (secure ) Tj ET Q q 0 0 0 rg BT 218.98 279.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 257.30 279.80 Td (in ) Tj ET Q q 0 0 0 rg BT 264.97 279.80 Td (advance ) Tj ET Q q 0 0 0 rg BT 292.61 279.80 Td (of ) Tj ET Q q 0 0 0 rg BT 300.71 279.80 Td (knowing ) Tj ET Q q 0 0 0 rg BT 330.15 279.80 Td (the ) Tj ET Q q 0 0 0 rg BT 341.36 279.80 Td (take ) Tj ET Q q 0 0 0 rg BT 356.12 279.80 Td (up ) Tj ET Q q 0 0 0 rg BT 365.56 279.80 Td (of ) Tj ET Q q 0 0 0 rg BT 373.66 279.80 Td (DTT) Tj ET Q q 0 0 0 rg BT 389.07 279.80 Td ( ) Tj ET Q q 0 0 0 rg BT 390.51 279.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 432.82 279.80 Td (versus ) Tj ET Q q 0 0 0 rg BT 454.70 279.80 Td (competing ) Tj ET Q q 0 0 0 rg BT 489.91 279.80 Td (alternative ) Tj ET Q q 0 0 0 rg BT 525.11 279.80 Td (distribution ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 270.20 Td (systems, ) Tj ET Q q 0 0 0 rg BT 79.34 270.20 Td (such ) Tj ET Q q 0 0 0 rg BT 96.00 270.20 Td (as ) Tj ET Q q 0 0 0 rg BT 104.66 270.20 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 154.20 270.20 Td (platforms. ) Tj ET Q q 0 0 0 rg BT 188.86 270.20 Td ( ) Tj ET Q q 0 0 0 rg BT 190.71 270.20 Td (W) Tj ET Q q 0 0 0 rg BT 197.63 270.20 Td (e ) Tj ET Q q 0 0 0 rg BT 203.18 270.20 Td (may ) Tj ET Q q 0 0 0 rg BT 218.95 270.20 Td (not ) Tj ET Q q 0 0 0 rg BT 231.17 270.20 Td (have ) Tj ET Q q 0 0 0 rg BT 248.27 270.20 Td (access ) Tj ET Q q 0 0 0 rg BT 270.70 270.20 Td (to ) Tj ET Q q 0 0 0 rg BT 278.93 270.20 Td (resources ) Tj ET Q q 0 0 0 rg BT 311.13 270.20 Td (suf) Tj ET Q q 0 0 0 rg BT 320.77 270.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 343.20 270.20 Td (to ) Tj ET Q q 0 0 0 rg BT 351.42 270.20 Td (make ) Tj ET Q q 0 0 0 rg BT 370.75 270.20 Td (such ) Tj ET Q q 0 0 0 rg BT 387.41 270.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 427.63 270.20 Td (when ) Tj ET Q q 0 0 0 rg BT 446.96 270.20 Td (required.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 251.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.34 251.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.01 251.60 Td (are ) Tj ET Q q 0 0 0 rg BT 114.68 251.60 Td (in ) Tj ET Q q 0 0 0 rg BT 123.35 251.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 160.89 251.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 189.12 251.60 Td (where ) Tj ET Q q 0 0 0 rg BT 211.12 251.60 Td (there ) Tj ET Q q 0 0 0 rg BT 230.00 251.60 Td (is ) Tj ET Q q 0 0 0 rg BT 237.34 251.60 Td (a ) Tj ET Q q 0 0 0 rg BT 243.34 251.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 257.79 251.60 Td (of ) Tj ET Q q 0 0 0 rg BT 266.45 251.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 300.00 251.60 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 337.48 251.60 Td (, ) Tj ET Q q 0 0 0 rg BT 341.48 251.60 Td (biased ) Tj ET Q q 0 0 0 rg BT 364.37 251.60 Td (treatment ) Tj ET Q q 0 0 0 rg BT 397.93 251.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.38 251.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 426.82 251.60 Td (of ) Tj ET Q q 0 0 0 rg BT 435.49 251.60 Td (business.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 236.00 Td (Our ) Tj ET Q /GS0 gs q 64.64 0 0 8.27 64.00 234.27 cm /I19 Do Q q 0 0 0 rg BT 128.65 236.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.53 236.00 Td (are ) Tj ET Q q 0 0 0 rg BT 174.86 236.00 Td (located ) Tj ET Q q 0 0 0 rg BT 199.52 236.00 Td (in ) Tj ET Q q 0 0 0 rg BT 207.31 236.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 232.42 236.00 Td (and ) Tj ET Q q 0 0 0 rg BT 245.54 236.00 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 271.09 236.00 Td (Europe ) Tj ET Q q 0 0 0 rg BT 295.75 236.00 Td (where ) Tj ET Q q 0 0 0 rg BT 316.86 236.00 Td (we ) Tj ET Q q 0 0 0 rg BT 327.75 236.00 Td (must ) Tj ET Q q 0 0 0 rg BT 344.87 236.00 Td (comply ) Tj ET Q q 0 0 0 rg BT 370.43 236.00 Td (with ) Tj ET Q q 0 0 0 rg BT 386.22 236.00 Td (various ) Tj ET Q q 0 0 0 rg BT 411.33 236.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 445.77 236.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 482.89 236.00 Td (related ) Tj ET Q q 0 0 0 rg BT 506.21 236.00 Td (to ) Tj ET Q q 0 0 0 rg BT 514.00 236.00 Td (our ) Tj ET Q q 0 0 0 rg BT 526.23 236.00 Td (businesses, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 226.40 Td (including ) Tj ET Q q 0 0 0 rg BT 82.01 226.40 Td (in ) Tj ET Q q 0 0 0 rg BT 90.02 226.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 114.46 226.40 Td (of ) Tj ET Q q 0 0 0 rg BT 122.91 226.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 165.57 226.40 Td (and ) Tj ET Q q 0 0 0 rg BT 178.91 226.40 Td (competition. ) Tj ET Q q 0 0 0 rg BT 220.91 226.40 Td ( ) Tj ET Q q 0 0 0 rg BT 222.57 226.40 Td (W) Tj ET Q q 0 0 0 rg BT 229.48 226.40 Td (e ) Tj ET Q q 0 0 0 rg BT 234.81 226.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 259.70 226.40 Td (that ) Tj ET Q q 0 0 0 rg BT 273.48 226.40 Td (we ) Tj ET Q q 0 0 0 rg BT 284.60 226.40 Td (are ) Tj ET Q q 0 0 0 rg BT 296.15 226.40 Td (in ) Tj ET Q q 0 0 0 rg BT 304.16 226.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 342.82 226.40 Td (with ) Tj ET Q q 0 0 0 rg BT 358.83 226.40 Td (all ) Tj ET Q q 0 0 0 rg BT 368.61 226.40 Td (our ) Tj ET Q q 0 0 0 rg BT 381.06 226.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 415.72 226.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 453.07 226.40 Td (in ) Tj ET Q q 0 0 0 rg BT 461.08 226.40 Td (all ) Tj ET Q q 0 0 0 rg BT 470.86 226.40 Td (material ) Tj ET Q q 0 0 0 rg BT 498.85 226.40 Td (respects ) Tj ET Q q 0 0 0 rg BT 526.41 226.40 Td (but ) Tj ET Q q 0 0 0 rg BT 538.42 226.40 Td (it ) Tj ET Q q 0 0 0 rg BT 544.65 226.40 Td (is ) Tj ET Q q 0 0 0 rg BT 551.77 226.40 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 216.80 Td (possible ) Tj ET Q q 0 0 0 rg BT 78.16 216.80 Td (to ) Tj ET Q q 0 0 0 rg BT 86.32 216.80 Td (predict ) Tj ET Q q 0 0 0 rg BT 110.47 216.80 Td (how ) Tj ET Q q 0 0 0 rg BT 126.19 216.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 161.01 216.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 196.71 216.80 Td (or ) Tj ET Q q 0 0 0 rg BT 205.32 216.80 Td (courts ) Tj ET Q q 0 0 0 rg BT 226.81 216.80 Td (that ) Tj ET Q q 0 0 0 rg BT 240.74 216.80 Td (have ) Tj ET Q q 0 0 0 rg BT 257.79 216.80 Td (been ) Tj ET Q q 0 0 0 rg BT 274.83 216.80 Td (or ) Tj ET Q q 0 0 0 rg BT 283.43 216.80 Td (may ) Tj ET Q q 0 0 0 rg BT 299.14 216.80 Td (be ) Tj ET Q q 0 0 0 rg BT 308.63 216.80 Td (asked ) Tj ET Q q 0 0 0 rg BT 328.79 216.80 Td (to ) Tj ET Q q 0 0 0 rg BT 336.95 216.80 Td (resolve ) Tj ET Q q 0 0 0 rg BT 361.99 216.80 Td (any ) Tj ET Q q 0 0 0 rg BT 375.48 216.80 Td (allegations ) Tj ET Q q 0 0 0 rg BT 412.08 216.80 Td (or ) Tj ET Q q 0 0 0 rg BT 420.68 216.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 443.50 216.80 Td (will ) Tj ET Q q 0 0 0 rg BT 457.89 216.80 Td (decide ) Tj ET Q q 0 0 0 rg BT 480.70 216.80 Td (such ) Tj ET Q q 0 0 0 rg BT 497.30 216.80 Td (issues. ) Tj ET Q q 0 0 0 rg BT 520.36 216.80 Td ( ) Tj ET Q q 0 0 0 rg BT 522.30 216.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 536.68 216.80 Td (markets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 207.20 Td (pose ) Tj ET Q q 0 0 0 rg BT 66.68 207.20 Td (dif) Tj ET Q q 0 0 0 rg BT 75.42 207.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 96.08 207.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 113.21 207.20 Td (to ) Tj ET Q q 0 0 0 rg BT 121.45 207.20 Td (those ) Tj ET Q q 0 0 0 rg BT 140.34 207.20 Td (posed ) Tj ET Q q 0 0 0 rg BT 161.02 207.20 Td (by ) Tj ET Q q 0 0 0 rg BT 171.03 207.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 211.27 207.20 Td (in ) Tj ET Q q 0 0 0 rg BT 219.50 207.20 Td (more ) Tj ET Q q 0 0 0 rg BT 237.95 207.20 Td (developed ) Tj ET Q q 0 0 0 rg BT 272.84 207.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 300.18 207.20 Td (and ) Tj ET Q q 0 0 0 rg BT 313.74 207.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.53 207.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 349.31 207.20 Td (in ) Tj ET Q q 0 0 0 rg BT 357.54 207.20 Td (our ) Tj ET Q q 0 0 0 rg BT 370.22 207.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 397.56 207.20 Td (of ) Tj ET Q q 0 0 0 rg BT 406.23 207.20 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 443.34 207.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 490.67 207.20 Td (on ) Tj ET Q q 0 0 0 rg BT 500.68 207.20 Td (economic, ) Tj ET Q q 0 0 0 rg BT 535.79 207.20 Td (political ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 197.60 Td (or ) Tj ET Q q 0 0 0 rg BT 58.64 197.60 Td (social ) Tj ET Q q 0 0 0 rg BT 79.28 197.60 Td (life ) Tj ET Q q 0 0 0 rg BT 91.92 197.60 Td (is ) Tj ET Q q 0 0 0 rg BT 99.23 197.60 Td (greater) Tj ET Q q 0 0 0 rg BT 120.99 197.60 Td (. ) Tj ET Q q 0 0 0 rg BT 124.97 197.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.80 197.60 Td (The ) Tj ET Q q 0 0 0 rg BT 141.22 197.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 174.29 197.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.82 197.60 Td (political ) Tj ET Q q 0 0 0 rg BT 216.02 197.60 Td (systems, ) Tj ET Q q 0 0 0 rg BT 245.33 197.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 262.85 197.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.38 197.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 288.13 197.60 Td (regimes, ) Tj ET Q q 0 0 0 rg BT 317.43 197.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 349.63 197.60 Td (of ) Tj ET Q q 0 0 0 rg BT 358.27 197.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 390.45 197.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 429.29 197.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.82 197.60 Td (business ) Tj ET Q q 0 0 0 rg BT 471.91 197.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 502.32 197.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.96 197.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 542.26 197.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.46 197.60 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 188.00 Td (region ) Tj ET Q q 0 0 0 rg BT 72.45 188.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 102.01 188.00 Td (to ) Tj ET Q q 0 0 0 rg BT 110.24 188.00 Td (develop. ) Tj ET Q q 0 0 0 rg BT 139.58 188.00 Td (Government ) Tj ET Q q 0 0 0 rg BT 181.58 188.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 208.47 188.00 Td (may ) Tj ET Q q 0 0 0 rg BT 224.26 188.00 Td (be ) Tj ET Q q 0 0 0 rg BT 233.82 188.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 258.49 188.00 Td (to ) Tj ET Q q 0 0 0 rg BT 266.73 188.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 302.51 188.00 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 344.74 188.00 Td (especially ) Tj ET Q q 0 0 0 rg BT 378.73 188.00 Td (in ) Tj ET Q q 0 0 0 rg BT 386.97 188.00 Td (the ) Tj ET Q q 0 0 0 rg BT 398.75 188.00 Td (event ) Tj ET Q q 0 0 0 rg BT 418.09 188.00 Td (of ) Tj ET Q q 0 0 0 rg BT 426.77 188.00 Td (a ) Tj ET Q q 0 0 0 rg BT 432.33 188.00 Td (change ) Tj ET Q q 0 0 0 rg BT 456.99 188.00 Td (in ) Tj ET Q q 0 0 0 rg BT 465.23 188.00 Td (leadership. ) Tj ET Q q 0 0 0 rg BT 502.11 188.00 Td ( ) Tj ET Q q 0 0 0 rg BT 503.98 188.00 Td (This ) Tj ET Q q 0 0 0 rg BT 520.21 188.00 Td (may ) Tj ET Q q 0 0 0 rg BT 536.00 188.00 Td (result ) Tj ET Q q 0 0 0 rg BT 555.78 188.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 178.40 Td (social ) Tj ET Q q 0 0 0 rg BT 71.08 178.40 Td (or ) Tj ET Q q 0 0 0 rg BT 80.16 178.40 Td (political ) Tj ET Q q 0 0 0 rg BT 108.79 178.40 Td (instability ) Tj ET Q q 0 0 0 rg BT 143.21 178.40 Td (or ) Tj ET Q q 0 0 0 rg BT 152.29 178.40 Td (disruptions, ) Tj ET Q q 0 0 0 rg BT 192.27 178.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 222.68 178.40 Td (political ) Tj ET Q q 0 0 0 rg BT 251.31 178.40 Td (influence ) Tj ET Q q 0 0 0 rg BT 283.49 178.40 Td (on ) Tj ET Q q 0 0 0 rg BT 293.91 178.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.10 178.40 Td (media, ) Tj ET Q q 0 0 0 rg BT 330.07 178.40 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 370.70 178.40 Td (application ) Tj ET Q q 0 0 0 rg BT 408.66 178.40 Td (of ) Tj ET Q q 0 0 0 rg BT 417.75 178.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 429.94 178.40 Td (and ) Tj ET Q q 0 0 0 rg BT 443.91 178.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 461.87 178.40 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 501.84 178.40 Td (arbitrary ) Tj ET Q q 0 0 0 rg BT 531.79 178.40 Td (treatment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 168.80 Td (before ) Tj ET Q q 0 0 0 rg BT 72.26 168.80 Td (judicial ) Tj ET Q q 0 0 0 rg BT 98.08 168.80 Td (or ) Tj ET Q q 0 0 0 rg BT 106.57 168.80 Td (other ) Tj ET Q q 0 0 0 rg BT 124.84 168.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 159.54 168.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 195.14 168.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.52 168.80 Td (other ) Tj ET Q q 0 0 0 rg BT 226.78 168.80 Td (general ) Tj ET Q q 0 0 0 rg BT 252.15 168.80 Td (business ) Tj ET Q q 0 0 0 rg BT 281.09 168.80 Td (risks, ) Tj ET Q q 0 0 0 rg BT 300.03 168.80 Td (any ) Tj ET Q q 0 0 0 rg BT 313.41 168.80 Td (of ) Tj ET Q q 0 0 0 rg BT 321.90 168.80 Td (which ) Tj ET Q q 0 0 0 rg BT 343.28 168.80 Td (could ) Tj ET Q q 0 0 0 rg BT 362.88 168.80 Td (have ) Tj ET Q q 0 0 0 rg BT 379.81 168.80 Td (a ) Tj ET Q q 0 0 0 rg BT 385.19 168.80 Td (material ) Tj ET Q q 0 0 0 rg BT 413.23 168.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 439.48 168.80 Td (ef) Tj ET Q q 0 0 0 rg BT 445.55 168.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.37 168.80 Td (on ) Tj ET Q q 0 0 0 rg BT 469.20 168.80 Td (our ) Tj ET Q q 0 0 0 rg BT 481.69 168.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 511.50 168.80 Td (position, ) Tj ET Q q 0 0 0 rg BT 541.11 168.80 Td (results ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 159.20 Td (of ) Tj ET Q q 0 0 0 rg BT 59.08 159.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.83 159.20 Td (and ) Tj ET Q q 0 0 0 rg BT 108.80 159.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.43 159.20 Td (flows. ) Tj ET Q q 0 0 0 rg BT 147.63 159.20 Td ( ) Tj ET Q q 0 0 0 rg BT 150.04 159.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 170.68 159.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 201.09 159.20 Td (risks ) Tj ET Q q 0 0 0 rg BT 218.62 159.20 Td (inherent ) Tj ET Q q 0 0 0 rg BT 247.25 159.20 Td (in ) Tj ET Q q 0 0 0 rg BT 255.89 159.20 Td (markets ) Tj ET Q q 0 0 0 rg BT 283.64 159.20 Td (with ) Tj ET Q q 0 0 0 rg BT 300.28 159.20 Td (evolving ) Tj ET Q q 0 0 0 rg BT 330.69 159.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 364.21 159.20 Td (and ) Tj ET Q q 0 0 0 rg BT 378.18 159.20 Td (political ) Tj ET Q q 0 0 0 rg BT 406.81 159.20 Td (environments ) Tj ET Q q 0 0 0 rg BT 452.78 159.20 Td (include ) Tj ET Q q 0 0 0 rg BT 478.75 159.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 511.37 159.20 Td (controls, ) Tj ET Q q 0 0 0 rg BT 541.56 159.20 Td (higher ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 149.60 Td (tarif) Tj ET Q q 0 0 0 rg BT 63.18 149.60 Td (fs ) Tj ET Q q 0 0 0 rg BT 70.81 149.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.21 149.60 Td (other ) Tj ET Q q 0 0 0 rg BT 102.50 149.60 Td (levies ) Tj ET Q q 0 0 0 rg BT 123.02 149.60 Td (as ) Tj ET Q q 0 0 0 rg BT 131.53 149.60 Td (well ) Tj ET Q q 0 0 0 rg BT 147.16 149.60 Td (as ) Tj ET Q q 0 0 0 rg BT 155.67 149.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 177.96 149.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 207.36 149.60 Td (cycles. ) Tj ET Q q 0 0 0 rg BT 231.21 149.60 Td ( ) Tj ET Q q 0 0 0 rg BT 232.92 149.60 Td (The ) Tj ET Q q 0 0 0 rg BT 247.21 149.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 273.05 149.60 Td (level ) Tj ET Q q 0 0 0 rg BT 290.45 149.60 Td (of ) Tj ET Q q 0 0 0 rg BT 298.97 149.60 Td (development ) Tj ET Q q 0 0 0 rg BT 342.14 149.60 Td (of ) Tj ET Q q 0 0 0 rg BT 350.66 149.60 Td (our ) Tj ET Q q 0 0 0 rg BT 363.17 149.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 390.35 149.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.75 149.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.38 149.60 Td (influence ) Tj ET Q q 0 0 0 rg BT 446.99 149.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.51 149.60 Td (local ) Tj ET Q q 0 0 0 rg BT 472.91 149.60 Td (political ) Tj ET Q q 0 0 0 rg BT 500.98 149.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 524.15 149.60 Td (also ) Tj ET Q q 0 0 0 rg BT 538.89 149.60 Td (present ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 140.00 Td (a ) Tj ET Q q 0 0 0 rg BT 55.60 140.00 Td (potential ) Tj ET Q q 0 0 0 rg BT 85.64 140.00 Td (for ) Tj ET Q q 0 0 0 rg BT 97.01 140.00 Td (biased ) Tj ET Q q 0 0 0 rg BT 119.50 140.00 Td (treatment ) Tj ET Q q 0 0 0 rg BT 151.75 140.00 Td (of ) Tj ET Q q 0 0 0 rg BT 160.46 140.00 Td (us ) Tj ET Q q 0 0 0 rg BT 169.62 140.00 Td (before ) Tj ET Q q 0 0 0 rg BT 192.10 140.00 Td (regulators ) Tj ET Q q 0 0 0 rg BT 226.13 140.00 Td (or ) Tj ET Q q 0 0 0 rg BT 234.84 140.00 Td (courts ) Tj ET Q q 0 0 0 rg BT 256.44 140.00 Td (in ) Tj ET Q q 0 0 0 rg BT 264.71 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.53 140.00 Td (event ) Tj ET Q q 0 0 0 rg BT 295.90 140.00 Td (of ) Tj ET Q q 0 0 0 rg BT 304.61 140.00 Td (disputes ) Tj ET Q q 0 0 0 rg BT 332.88 140.00 Td (involving ) Tj ET Q q 0 0 0 rg BT 365.60 140.00 Td (our ) Tj ET Q q 0 0 0 rg BT 378.31 140.00 Td (investments. ) Tj ET Q q 0 0 0 rg BT 420.57 140.00 Td ( ) Tj ET Q q 0 0 0 rg BT 422.62 140.00 Td (If ) Tj ET Q q 0 0 0 rg BT 430.00 140.00 Td (such ) Tj ET Q q 0 0 0 rg BT 446.71 140.00 Td (a ) Tj ET Q q 0 0 0 rg BT 452.30 140.00 Td (dispute ) Tj ET Q q 0 0 0 rg BT 477.46 140.00 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 502.39 140.00 Td (those ) Tj ET Q q 0 0 0 rg BT 521.32 140.00 Td (regulators ) Tj ET Q q 0 0 0 rg BT 555.36 140.00 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 130.40 Td (courts ) Tj ET Q q 0 0 0 rg BT 71.10 130.40 Td (might ) Tj ET Q q 0 0 0 rg BT 91.32 130.40 Td (favor ) Tj ET Q q 0 0 0 rg BT 109.75 130.40 Td (local ) Tj ET Q q 0 0 0 rg BT 126.85 130.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 155.06 130.40 Td (over ) Tj ET Q q 0 0 0 rg BT 170.82 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 183.04 130.40 Td (interests. ) Tj ET Q q 0 0 0 rg BT 213.25 130.40 Td (Ultimately) Tj ET Q q 0 0 0 rg BT 246.95 130.40 Td (, ) Tj ET Q q 0 0 0 rg BT 250.50 130.40 Td (this ) Tj ET Q q 0 0 0 rg BT 263.61 130.40 Td (could ) Tj ET Q q 0 0 0 rg BT 282.93 130.40 Td (lead ) Tj ET Q q 0 0 0 rg BT 297.80 130.40 Td (to ) Tj ET Q q 0 0 0 rg BT 305.58 130.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.90 130.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 330.90 130.40 Td (of ) Tj ET Q q 0 0 0 rg BT 339.12 130.40 Td (one ) Tj ET Q q 0 0 0 rg BT 352.22 130.40 Td (or ) Tj ET Q q 0 0 0 rg BT 360.43 130.40 Td (more ) Tj ET Q q 0 0 0 rg BT 378.42 130.40 Td (of ) Tj ET Q q 0 0 0 rg BT 386.64 130.40 Td (our ) Tj ET Q q 0 0 0 rg BT 398.85 130.40 Td (business ) Tj ET Q q 0 0 0 rg BT 427.52 130.40 Td (operations. ) Tj ET Q q 0 0 0 rg BT 464.39 130.40 Td ( ) Tj ET Q q 0 0 0 rg BT 465.83 130.40 Td (The ) Tj ET Q q 0 0 0 rg BT 479.82 130.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 493.82 130.40 Td (of ) Tj ET Q q 0 0 0 rg BT 502.03 130.40 Td (a ) Tj ET Q q 0 0 0 rg BT 507.13 130.40 Td (material ) Tj ET Q q 0 0 0 rg BT 534.89 130.40 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 120.80 Td (would ) Tj ET Q q 0 0 0 rg BT 72.00 120.80 Td (have ) Tj ET Q q 0 0 0 rg BT 89.10 120.80 Td (an ) Tj ET Q q 0 0 0 rg BT 98.65 120.80 Td (adverse ) Tj ET Q q 0 0 0 rg BT 125.08 120.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 148.85 120.80 Td (on ) Tj ET Q q 0 0 0 rg BT 158.85 120.80 Td (our ) Tj ET Q q 0 0 0 rg BT 171.52 120.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.50 120.80 Td (position, ) Tj ET Q q 0 0 0 rg BT 231.28 120.80 Td (results ) Tj ET Q q 0 0 0 rg BT 254.17 120.80 Td (of ) Tj ET Q q 0 0 0 rg BT 262.83 120.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.16 120.80 Td (and ) Tj ET Q q 0 0 0 rg BT 311.71 120.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 327.92 120.80 Td (flows.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (15) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 743.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.59 743.60 Td (may ) Tj ET Q q 0 0 0 rg BT 78.89 743.60 Td (not ) Tj ET Q q 0 0 0 rg BT 92.08 743.60 Td (be ) Tj ET Q q 0 0 0 rg BT 102.15 743.60 Td (aware ) Tj ET Q q 0 0 0 rg BT 124.67 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.86 743.60 Td (all ) Tj ET Q q 0 0 0 rg BT 144.83 743.60 Td (related ) Tj ET Q q 0 0 0 rg BT 170.01 743.60 Td (party ) Tj ET Q q 0 0 0 rg BT 189.42 743.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 234.39 743.60 Td (which ) Tj ET Q q 0 0 0 rg BT 256.92 743.60 Td (may ) Tj ET Q q 0 0 0 rg BT 273.22 743.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 299.29 743.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 317.37 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 326.56 743.60 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 357.07 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.26 743.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 393.23 743.60 Td (that ) Tj ET Q q 0 0 0 rg BT 408.64 743.60 Td (result ) Tj ET Q q 0 0 0 rg BT 429.84 743.60 Td (in ) Tj ET Q q 0 0 0 rg BT 439.03 743.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 482.01 743.60 Td (being ) Tj ET Q q 0 0 0 rg BT 502.75 743.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 539.05 743.60 Td (on ) Tj ET Q q 0 0 0 rg BT 550.02 743.60 Td (less ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 734.00 Td (favorable ) Tj ET Q q 0 0 0 rg BT 83.10 734.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 103.32 734.00 Td (than ) Tj ET Q q 0 0 0 rg BT 120.45 734.00 Td (could ) Tj ET Q q 0 0 0 rg BT 140.67 734.00 Td (be ) Tj ET Q q 0 0 0 rg BT 150.22 734.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 180.66 734.00 Td (in ) Tj ET Q q 0 0 0 rg BT 189.34 734.00 Td (arm) Tj ET Q q 0 0 0 rg BT 204.74 734.00 Td (s-length ) Tj ET Q q 0 0 0 rg BT 233.41 734.00 Td (transactions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (In ) Tj ET Q q 0 0 0 rg BT 58.50 718.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 82.11 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 90.61 718.40 Td (our ) Tj ET Q q 0 0 0 rg BT 103.11 718.40 Td (markets, ) Tj ET Q q 0 0 0 rg BT 132.28 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.89 718.40 Td (of) Tj ET Q q 0 0 0 rg BT 150.41 718.40 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 172.02 718.40 Td (general ) Tj ET Q q 0 0 0 rg BT 197.39 718.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 227.22 718.40 Td (or ) Tj ET Q q 0 0 0 rg BT 235.73 718.40 Td (other ) Tj ET Q q 0 0 0 rg BT 254.00 718.40 Td (members ) Tj ET Q q 0 0 0 rg BT 285.17 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 293.67 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 305.29 718.40 Td (management ) Tj ET Q q 0 0 0 rg BT 348.00 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 356.50 718.40 Td (our ) Tj ET Q q 0 0 0 rg BT 369.00 718.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 401.05 718.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 437.11 718.40 Td (have ) Tj ET Q q 0 0 0 rg BT 454.05 718.40 Td (other ) Tj ET Q q 0 0 0 rg BT 472.32 718.40 Td (business ) Tj ET Q q 0 0 0 rg BT 501.28 718.40 Td (interests, ) Tj ET Q q 0 0 0 rg BT 531.78 718.40 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 78.88 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 87.31 708.80 Td (television ) Tj ET Q q 0 0 0 rg BT 120.64 708.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.40 708.80 Td (other ) Tj ET Q q 0 0 0 rg BT 153.06 708.80 Td (media-related ) Tj ET Q q 0 0 0 rg BT 199.24 708.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 237.67 708.80 Td ( ) Tj ET Q q 0 0 0 rg BT 239.73 708.80 Td (W) Tj ET Q q 0 0 0 rg BT 246.64 708.80 Td (e ) Tj ET Q q 0 0 0 rg BT 252.40 708.80 Td (may ) Tj ET Q q 0 0 0 rg BT 268.39 708.80 Td (not ) Tj ET Q q 0 0 0 rg BT 280.83 708.80 Td (be ) Tj ET Q q 0 0 0 rg BT 290.60 708.80 Td (aware ) Tj ET Q q 0 0 0 rg BT 311.91 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 320.79 708.80 Td (all ) Tj ET Q q 0 0 0 rg BT 331.00 708.80 Td (business ) Tj ET Q q 0 0 0 rg BT 360.33 708.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 389.20 708.80 Td (or ) Tj ET Q q 0 0 0 rg BT 398.08 708.80 Td (relationships ) Tj ET Q q 0 0 0 rg BT 441.18 708.80 Td (that ) Tj ET Q q 0 0 0 rg BT 455.39 708.80 Td (exist ) Tj ET Q q 0 0 0 rg BT 472.72 708.80 Td (with ) Tj ET Q q 0 0 0 rg BT 489.16 708.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 514.03 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 522.46 708.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 547.79 708.80 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (which ) Tj ET Q q 0 0 0 rg BT 72.13 699.20 Td (our ) Tj ET Q q 0 0 0 rg BT 85.36 699.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 118.15 699.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 154.93 699.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 173.50 699.20 Td (into ) Tj ET Q q 0 0 0 rg BT 188.52 699.20 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 231.30 699.20 Td ( ) Tj ET Q q 0 0 0 rg BT 233.69 699.20 Td (T) Tj ET Q q 0 0 0 rg BT 238.29 699.20 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 276.86 699.20 Td (with ) Tj ET Q q 0 0 0 rg BT 293.65 699.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 332.44 699.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 360.78 699.20 Td (or ) Tj ET Q q 0 0 0 rg BT 370.02 699.20 Td (not ) Tj ET Q q 0 0 0 rg BT 382.81 699.20 Td (we ) Tj ET Q q 0 0 0 rg BT 394.72 699.20 Td (are ) Tj ET Q q 0 0 0 rg BT 407.06 699.20 Td (aware ) Tj ET Q q 0 0 0 rg BT 428.72 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.96 699.20 Td (any ) Tj ET Q q 0 0 0 rg BT 452.09 699.20 Td (business ) Tj ET Q q 0 0 0 rg BT 481.77 699.20 Td (relationship ) Tj ET Q q 0 0 0 rg BT 522.12 699.20 Td (between ) Tj ET Q q 0 0 0 rg BT 551.35 699.20 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 86.32 689.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.99 689.60 Td (third ) Tj ET Q q 0 0 0 rg BT 117.21 689.60 Td (parties, ) Tj ET Q q 0 0 0 rg BT 142.64 689.60 Td (may ) Tj ET Q q 0 0 0 rg BT 158.53 689.60 Td (present ) Tj ET Q q 0 0 0 rg BT 183.74 689.60 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 213.40 689.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.18 689.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 247.84 689.60 Td (which ) Tj ET Q q 0 0 0 rg BT 269.50 689.60 Td (may ) Tj ET Q q 0 0 0 rg BT 285.39 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.72 689.60 Td (turn ) Tj ET Q q 0 0 0 rg BT 308.72 689.60 Td (result ) Tj ET Q q 0 0 0 rg BT 328.61 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 336.94 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.83 689.60 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 385.60 689.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.38 689.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 434.70 689.60 Td (on ) Tj ET Q q 0 0 0 rg BT 444.81 689.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 464.70 689.60 Td (that ) Tj ET Q q 0 0 0 rg BT 478.81 689.60 Td (are ) Tj ET Q q 0 0 0 rg BT 490.68 689.60 Td (not ) Tj ET Q q 0 0 0 rg BT 503.02 689.60 Td (arm) Tj ET Q q 0 0 0 rg BT 517.68 689.60 Td (s-length. ) Tj ET Q q 0 0 0 rg BT 547.57 689.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.68 689.60 Td (It ) Tj ET Q q 0 0 0 rg BT 556.68 689.60 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 69.46 680.00 Td (that ) Tj ET Q q 0 0 0 rg BT 82.71 680.00 Td (we ) Tj ET Q q 0 0 0 rg BT 93.28 680.00 Td (and ) Tj ET Q q 0 0 0 rg BT 106.07 680.00 Td (our ) Tj ET Q q 0 0 0 rg BT 117.98 680.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 157.00 680.00 Td (will ) Tj ET Q q 0 0 0 rg BT 170.69 680.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 199.48 680.00 Td (to ) Tj ET Q q 0 0 0 rg BT 206.95 680.00 Td (enter ) Tj ET Q q 0 0 0 rg BT 224.19 680.00 Td (into ) Tj ET Q q 0 0 0 rg BT 237.88 680.00 Td (related ) Tj ET Q q 0 0 0 rg BT 260.88 680.00 Td (party ) Tj ET Q q 0 0 0 rg BT 278.57 680.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 318.02 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 325.49 680.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.51 680.00 Td (future. ) Tj ET Q q 0 0 0 rg BT 358.85 680.00 Td (In ) Tj ET Q q 0 0 0 rg BT 366.76 680.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.78 680.00 Td (event ) Tj ET Q q 0 0 0 rg BT 396.35 680.00 Td (there ) Tj ET Q q 0 0 0 rg BT 413.58 680.00 Td (are ) Tj ET Q q 0 0 0 rg BT 424.60 680.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 464.05 680.00 Td (with ) Tj ET Q q 0 0 0 rg BT 479.52 680.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 505.21 680.00 Td (who ) Tj ET Q q 0 0 0 rg BT 520.23 680.00 Td (subsequently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.40 Td (are ) Tj ET Q q 0 0 0 rg BT 61.75 670.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 99.71 670.40 Td (to ) Tj ET Q q 0 0 0 rg BT 107.92 670.40 Td (be ) Tj ET Q q 0 0 0 rg BT 117.45 670.40 Td (related ) Tj ET Q q 0 0 0 rg BT 141.20 670.40 Td (parties, ) Tj ET Q q 0 0 0 rg BT 166.50 670.40 Td (we ) Tj ET Q q 0 0 0 rg BT 177.81 670.40 Td (may ) Tj ET Q q 0 0 0 rg BT 193.57 670.40 Td (be ) Tj ET Q q 0 0 0 rg BT 203.10 670.40 Td (required ) Tj ET Q q 0 0 0 rg BT 231.74 670.40 Td (to ) Tj ET Q q 0 0 0 rg BT 239.94 670.40 Td (make ) Tj ET Q q 0 0 0 rg BT 259.25 670.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 293.22 670.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 327.64 670.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 343.18 670.40 Td (if ) Tj ET Q q 0 0 0 rg BT 350.05 670.40 Td (such ) Tj ET Q q 0 0 0 rg BT 366.69 670.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 397.55 670.40 Td (are ) Tj ET Q q 0 0 0 rg BT 409.30 670.40 Td (material, ) Tj ET Q q 0 0 0 rg BT 439.49 670.40 Td (may ) Tj ET Q q 0 0 0 rg BT 455.24 670.40 Td (not ) Tj ET Q q 0 0 0 rg BT 467.45 670.40 Td (be ) Tj ET Q q 0 0 0 rg BT 476.98 670.40 Td (in ) Tj ET Q q 0 0 0 rg BT 485.19 670.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 524.04 670.40 Td (with ) Tj ET Q q 0 0 0 rg BT 540.25 670.40 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.80 Td (covenants ) Tj ET Q q 0 0 0 rg BT 83.39 660.80 Td (under ) Tj ET Q q 0 0 0 rg BT 103.00 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.17 660.80 Td (indentures ) Tj ET Q q 0 0 0 rg BT 148.89 660.80 Td (governing ) Tj ET Q q 0 0 0 rg BT 182.73 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 193.90 660.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 211.29 660.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 230.91 660.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 246.97 660.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 267.03 660.80 Td (and ) Tj ET Q q 0 0 0 rg BT 279.98 660.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 297.38 660.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 317.00 660.80 Td (Rate ) Tj ET Q q 0 0 0 rg BT 333.06 660.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 353.12 660.80 Td (\(until ) Tj ET Q q 0 0 0 rg BT 371.85 660.80 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 404.33 660.80 Td (following ) Tj ET Q q 0 0 0 rg BT 436.84 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 448.01 660.80 Td (closing ) Tj ET Q q 0 0 0 rg BT 472.52 660.80 Td (of ) Tj ET Q q 0 0 0 rg BT 480.58 660.80 Td (the ) Tj ET Q q 0 0 0 rg BT 491.75 660.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 531.36 660.80 Td (described ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.20 Td (herein\) ) Tj ET Q q 0 0 0 rg BT 74.30 651.20 Td (or ) Tj ET Q q 0 0 0 rg BT 82.62 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 94.04 651.20 Td (covenants ) Tj ET Q q 0 0 0 rg BT 127.68 651.20 Td (under ) Tj ET Q q 0 0 0 rg BT 147.55 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 158.97 651.20 Td (indenture ) Tj ET Q q 0 0 0 rg BT 190.84 651.20 Td (governing ) Tj ET Q q 0 0 0 rg BT 224.93 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 236.35 651.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 254.00 651.20 Td (PIK ) Tj ET Q q 0 0 0 rg BT 268.54 651.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 288.86 651.20 Td (or ) Tj ET Q q 0 0 0 rg BT 297.17 651.20 Td (the ) Tj ET Q q 0 0 0 rg BT 308.48 651.20 Td (T) Tj ET Q q 0 0 0 rg BT 313.09 651.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 326.61 651.20 Td (W) Tj ET Q q 0 0 0 rg BT 333.52 651.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 351.49 651.20 Td (T) Tj ET Q q 0 0 0 rg BT 355.81 651.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 369.90 651.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 387.99 651.20 Td (or ) Tj ET Q q 0 0 0 rg BT 396.19 651.20 Td (T) Tj ET Q q 0 0 0 rg BT 400.79 651.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 414.32 651.20 Td (W) Tj ET Q q 0 0 0 rg BT 421.23 651.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 439.31 651.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 474.30 651.20 Td (Credit ) Tj ET Q q 0 0 0 rg BT 495.94 651.20 Td (Facility) Tj ET Q q 0 0 0 rg BT 519.87 651.20 Td (. ) Tj ET Q q 0 0 0 rg BT 523.52 651.20 Td ( ) Tj ET Q q 0 0 0 rg BT 524.80 651.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 540.23 651.20 Td (related ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.60 Td (party ) Tj ET Q q 0 0 0 rg BT 68.66 641.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 105.97 641.60 Td (that ) Tj ET Q q 0 0 0 rg BT 120.19 641.60 Td (is ) Tj ET Q q 0 0 0 rg BT 127.75 641.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 153.50 641.60 Td (into ) Tj ET Q q 0 0 0 rg BT 168.17 641.60 Td (on ) Tj ET Q q 0 0 0 rg BT 178.39 641.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 198.38 641.60 Td (that ) Tj ET Q q 0 0 0 rg BT 212.60 641.60 Td (are ) Tj ET Q q 0 0 0 rg BT 224.58 641.60 Td (not ) Tj ET Q q 0 0 0 rg BT 237.03 641.60 Td (arm) Tj ET Q q 0 0 0 rg BT 251.69 641.60 Td (s-length ) Tj ET Q q 0 0 0 rg BT 279.68 641.60 Td (may ) Tj ET Q q 0 0 0 rg BT 295.67 641.60 Td (result ) Tj ET Q q 0 0 0 rg BT 315.67 641.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.11 641.60 Td (a ) Tj ET Q q 0 0 0 rg BT 329.88 641.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 359.20 641.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 383.19 641.60 Td (on ) Tj ET Q q 0 0 0 rg BT 393.41 641.60 Td (our ) Tj ET Q q 0 0 0 rg BT 406.29 641.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.49 641.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 466.49 641.60 Td (results ) Tj ET Q q 0 0 0 rg BT 489.60 641.60 Td (of ) Tj ET Q q 0 0 0 rg BT 498.48 641.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 534.03 641.60 Td (and ) Tj ET Q q 0 0 0 rg BT 547.80 641.60 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 632.00 Td (flows.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 613.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.34 613.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 110.01 613.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 137.79 613.40 Td (may ) Tj ET Q q 0 0 0 rg BT 153.56 613.40 Td (not ) Tj ET Q q 0 0 0 rg BT 166.23 613.40 Td (be ) Tj ET Q q 0 0 0 rg BT 175.78 613.40 Td (renewed ) Tj ET Q q 0 0 0 rg BT 205.33 613.40 Td (and ) Tj ET Q q 0 0 0 rg BT 219.78 613.40 Td (may ) Tj ET Q q 0 0 0 rg BT 235.55 613.40 Td (be ) Tj ET Q q 0 0 0 rg BT 245.11 613.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.21 613.40 Td (to ) Tj ET Q q 0 0 0 rg BT 278.44 613.40 Td (revocation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 597.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 597.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.56 597.80 Td (require ) Tj ET Q q 0 0 0 rg BT 87.32 597.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 130.30 597.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 145.95 597.80 Td (in ) Tj ET Q q 0 0 0 rg BT 154.27 597.80 Td (some ) Tj ET Q q 0 0 0 rg BT 173.26 597.80 Td (cases, ) Tj ET Q q 0 0 0 rg BT 194.25 597.80 Td (other ) Tj ET Q q 0 0 0 rg BT 212.79 597.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.10 597.80 Td (licenses ) Tj ET Q q 0 0 0 rg BT 272.53 597.80 Td (as ) Tj ET Q q 0 0 0 rg BT 281.29 597.80 Td (well ) Tj ET Q q 0 0 0 rg BT 297.17 597.80 Td (as ) Tj ET Q q 0 0 0 rg BT 305.93 597.80 Td (other ) Tj ET Q q 0 0 0 rg BT 324.47 597.80 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 371.90 597.80 Td (from ) Tj ET Q q 0 0 0 rg BT 389.55 597.80 Td (national ) Tj ET Q q 0 0 0 rg BT 417.42 597.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 452.40 597.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 488.27 597.80 Td (in ) Tj ET Q q 0 0 0 rg BT 496.60 597.80 Td (our ) Tj ET Q q 0 0 0 rg BT 509.36 597.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 536.79 597.80 Td (in ) Tj ET Q q 0 0 0 rg BT 545.12 597.80 Td (order ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 588.20 Td (to ) Tj ET Q q 0 0 0 rg BT 58.14 588.20 Td (conduct ) Tj ET Q q 0 0 0 rg BT 85.39 588.20 Td (our ) Tj ET Q q 0 0 0 rg BT 97.98 588.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 140.77 588.20 Td (business. ) Tj ET Q q 0 0 0 rg BT 171.81 588.20 Td ( ) Tj ET Q q 0 0 0 rg BT 173.73 588.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 188.09 588.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 230.89 588.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 258.14 588.20 Td (for ) Tj ET Q q 0 0 0 rg BT 269.39 588.20 Td (our ) Tj ET Q q 0 0 0 rg BT 281.97 588.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 317.22 588.20 Td (in ) Tj ET Q q 0 0 0 rg BT 325.36 588.20 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 355.28 588.20 Td (and ) Tj ET Q q 0 0 0 rg BT 368.75 588.20 Td (the ) Tj ET Q q 0 0 0 rg BT 380.45 588.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 404.59 588.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 435.40 588.20 Td (are ) Tj ET Q q 0 0 0 rg BT 447.09 588.20 Td (valid ) Tj ET Q q 0 0 0 rg BT 465.00 588.20 Td (for ) Tj ET Q q 0 0 0 rg BT 476.25 588.20 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 508.83 588.20 Td (time ) Tj ET Q q 0 0 0 rg BT 524.97 588.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 550.45 588.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 578.60 Td (our ) Tj ET Q q 0 0 0 rg BT 63.22 578.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 98.21 578.60 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 141.64 578.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 169.52 578.60 Td (expire ) Tj ET Q q 0 0 0 rg BT 192.07 578.60 Td (at ) Tj ET Q q 0 0 0 rg BT 200.40 578.60 Td (various ) Tj ET Q q 0 0 0 rg BT 226.51 578.60 Td (times ) Tj ET Q q 0 0 0 rg BT 246.39 578.60 Td (through ) Tj ET Q q 0 0 0 rg BT 273.84 578.60 Td (2028. ) Tj ET Q q 0 0 0 rg BT 294.39 578.60 Td ( ) Tj ET Q q 0 0 0 rg BT 296.77 578.60 Td (While ) Tj ET Q q 0 0 0 rg BT 318.87 578.60 Td (we ) Tj ET Q q 0 0 0 rg BT 330.75 578.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 354.19 578.60 Td (that ) Tj ET Q q 0 0 0 rg BT 368.74 578.60 Td (our ) Tj ET Q q 0 0 0 rg BT 381.96 578.60 Td (material ) Tj ET Q q 0 0 0 rg BT 410.72 578.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 438.60 578.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.71 578.60 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 500.59 578.60 Td (will ) Tj ET Q q 0 0 0 rg BT 515.59 578.60 Td (be ) Tj ET Q q 0 0 0 rg BT 525.70 578.60 Td (renewed ) Tj ET Q q 0 0 0 rg BT 555.35 578.60 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 569.00 Td (extended ) Tj ET Q q 0 0 0 rg BT 81.21 569.00 Td (as ) Tj ET Q q 0 0 0 rg BT 90.20 569.00 Td (required ) Tj ET Q q 0 0 0 rg BT 119.18 569.00 Td (to ) Tj ET Q q 0 0 0 rg BT 127.74 569.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 157.62 569.00 Td (to ) Tj ET Q q 0 0 0 rg BT 166.17 569.00 Td (operate ) Tj ET Q q 0 0 0 rg BT 192.04 569.00 Td (our ) Tj ET Q q 0 0 0 rg BT 205.04 569.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 236.48 569.00 Td (we ) Tj ET Q q 0 0 0 rg BT 248.14 569.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 271.79 569.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 305.21 569.00 Td (that ) Tj ET Q q 0 0 0 rg BT 319.54 569.00 Td (this ) Tj ET Q q 0 0 0 rg BT 333.43 569.00 Td (will ) Tj ET Q q 0 0 0 rg BT 348.21 569.00 Td (occur ) Tj ET Q q 0 0 0 rg BT 368.30 569.00 Td (or ) Tj ET Q q 0 0 0 rg BT 377.30 569.00 Td (that ) Tj ET Q q 0 0 0 rg BT 391.63 569.00 Td (they ) Tj ET Q q 0 0 0 rg BT 407.73 569.00 Td (will ) Tj ET Q q 0 0 0 rg BT 422.51 569.00 Td (not ) Tj ET Q q 0 0 0 rg BT 435.06 569.00 Td (be ) Tj ET Q q 0 0 0 rg BT 444.94 569.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 469.93 569.00 Td (to ) Tj ET Q q 0 0 0 rg BT 478.49 569.00 Td (revocation, ) Tj ET Q q 0 0 0 rg BT 516.58 569.00 Td (particularly ) Tj ET Q q 0 0 0 rg BT 555.78 569.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 77.45 559.40 Td (where ) Tj ET Q q 0 0 0 rg BT 99.12 559.40 Td (there ) Tj ET Q q 0 0 0 rg BT 117.23 559.40 Td (is ) Tj ET Q q 0 0 0 rg BT 124.69 559.40 Td (relatively ) Tj ET Q q 0 0 0 rg BT 157.02 559.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 181.35 559.40 Td (political ) Tj ET Q q 0 0 0 rg BT 209.68 559.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 223.81 559.40 Td (as ) Tj ET Q q 0 0 0 rg BT 232.60 559.40 Td (a ) Tj ET Q q 0 0 0 rg BT 238.27 559.40 Td (result ) Tj ET Q q 0 0 0 rg BT 258.17 559.40 Td (of ) Tj ET Q q 0 0 0 rg BT 266.96 559.40 Td (less ) Tj ET Q q 0 0 0 rg BT 281.08 559.40 Td (developed ) Tj ET Q q 0 0 0 rg BT 316.08 559.40 Td (political ) Tj ET Q q 0 0 0 rg BT 344.42 559.40 Td (and ) Tj ET Q q 0 0 0 rg BT 358.09 559.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 375.76 559.40 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 415.45 559.40 Td ( ) Tj ET Q q 0 0 0 rg BT 417.42 559.40 Td (The ) Tj ET Q q 0 0 0 rg BT 431.98 559.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 454.98 559.40 Td (to ) Tj ET Q q 0 0 0 rg BT 463.33 559.40 Td (comply ) Tj ET Q q 0 0 0 rg BT 489.45 559.40 Td (in ) Tj ET Q q 0 0 0 rg BT 497.80 559.40 Td (all ) Tj ET Q q 0 0 0 rg BT 507.92 559.40 Td (material ) Tj ET Q q 0 0 0 rg BT 536.25 559.40 Td (respects ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.80 Td (with ) Tj ET Q q 0 0 0 rg BT 66.19 549.80 Td (the ) Tj ET Q q 0 0 0 rg BT 77.93 549.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 97.68 549.80 Td (of ) Tj ET Q q 0 0 0 rg BT 106.31 549.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 149.15 549.80 Td (licenses ) Tj ET Q q 0 0 0 rg BT 176.45 549.80 Td (or ) Tj ET Q q 0 0 0 rg BT 185.08 549.80 Td (other ) Tj ET Q q 0 0 0 rg BT 203.48 549.80 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 250.77 549.80 Td (or ) Tj ET Q q 0 0 0 rg BT 259.41 549.80 Td (with ) Tj ET Q q 0 0 0 rg BT 275.60 549.80 Td (applications ) Tj ET Q q 0 0 0 rg BT 316.22 549.80 Td (filed ) Tj ET Q q 0 0 0 rg BT 332.85 549.80 Td (in ) Tj ET Q q 0 0 0 rg BT 341.04 549.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 365.66 549.80 Td (thereto ) Tj ET Q q 0 0 0 rg BT 389.84 549.80 Td (may ) Tj ET Q q 0 0 0 rg BT 405.59 549.80 Td (result ) Tj ET Q q 0 0 0 rg BT 425.33 549.80 Td (in ) Tj ET Q q 0 0 0 rg BT 433.52 549.80 Td (such ) Tj ET Q q 0 0 0 rg BT 450.15 549.80 Td (licenses ) Tj ET Q q 0 0 0 rg BT 477.45 549.80 Td (or ) Tj ET Q q 0 0 0 rg BT 486.08 549.80 Td (other ) Tj ET Q q 0 0 0 rg BT 504.48 549.80 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 551.77 549.80 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.20 Td (being ) Tj ET Q q 0 0 0 rg BT 69.47 540.20 Td (renewed ) Tj ET Q q 0 0 0 rg BT 98.26 540.20 Td (or ) Tj ET Q q 0 0 0 rg BT 106.62 540.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 139.41 540.20 Td (being ) Tj ET Q q 0 0 0 rg BT 158.88 540.20 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 196.79 540.20 Td ( ) Tj ET Q q 0 0 0 rg BT 198.48 540.20 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 242.16 540.20 Td (no ) Tj ET Q q 0 0 0 rg BT 251.86 540.20 Td (assurances ) Tj ET Q q 0 0 0 rg BT 287.76 540.20 Td (can ) Tj ET Q q 0 0 0 rg BT 300.56 540.20 Td (be ) Tj ET Q q 0 0 0 rg BT 309.80 540.20 Td (given ) Tj ET Q q 0 0 0 rg BT 329.27 540.20 Td (that ) Tj ET Q q 0 0 0 rg BT 342.96 540.20 Td (renewals ) Tj ET Q q 0 0 0 rg BT 373.09 540.20 Td (or ) Tj ET Q q 0 0 0 rg BT 381.45 540.20 Td (extensions ) Tj ET Q q 0 0 0 rg BT 416.92 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 425.28 540.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 452.30 540.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 479.32 540.20 Td (will ) Tj ET Q q 0 0 0 rg BT 493.46 540.20 Td (be ) Tj ET Q q 0 0 0 rg BT 502.71 540.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 524.41 540.20 Td (on ) Tj ET Q q 0 0 0 rg BT 534.10 540.20 Td (the ) Tj ET Q q 0 0 0 rg BT 545.57 540.20 Td (same ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 69.94 530.60 Td (as ) Tj ET Q q 0 0 0 rg BT 78.77 530.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 106.27 530.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 133.76 530.60 Td (or ) Tj ET Q q 0 0 0 rg BT 142.59 530.60 Td (that ) Tj ET Q q 0 0 0 rg BT 156.76 530.60 Td (further ) Tj ET Q q 0 0 0 rg BT 180.69 530.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 218.40 530.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.23 530.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 262.73 530.60 Td (will ) Tj ET Q q 0 0 0 rg BT 277.34 530.60 Td (not ) Tj ET Q q 0 0 0 rg BT 289.73 530.60 Td (be ) Tj ET Q q 0 0 0 rg BT 299.45 530.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 328.73 530.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.12 530.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.06 530.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 372.33 530.60 Td ( ) Tj ET Q q 0 0 0 rg BT 374.02 530.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 389.96 530.60 Td (non-renewal ) Tj ET Q q 0 0 0 rg BT 432.11 530.60 Td (or ) Tj ET Q q 0 0 0 rg BT 440.94 530.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 479.98 530.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.82 530.60 Td (any ) Tj ET Q q 0 0 0 rg BT 502.53 530.60 Td (other ) Tj ET Q q 0 0 0 rg BT 521.14 530.60 Td (broadcasting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.00 Td (or ) Tj ET Q q 0 0 0 rg BT 58.96 521.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 91.46 521.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 119.08 521.00 Td (or ) Tj ET Q q 0 0 0 rg BT 128.04 521.00 Td (other ) Tj ET Q q 0 0 0 rg BT 146.77 521.00 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 194.38 521.00 Td (or ) Tj ET Q q 0 0 0 rg BT 203.34 521.00 Td (material ) Tj ET Q q 0 0 0 rg BT 231.84 521.00 Td (modification ) Tj ET Q q 0 0 0 rg BT 275.01 521.00 Td (of ) Tj ET Q q 0 0 0 rg BT 283.96 521.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.03 521.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 316.10 521.00 Td (of ) Tj ET Q q 0 0 0 rg BT 325.05 521.00 Td (any ) Tj ET Q q 0 0 0 rg BT 338.90 521.00 Td (renewed ) Tj ET Q q 0 0 0 rg BT 368.29 521.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 395.90 521.00 Td (may ) Tj ET Q q 0 0 0 rg BT 411.97 521.00 Td (have ) Tj ET Q q 0 0 0 rg BT 429.36 521.00 Td (a ) Tj ET Q q 0 0 0 rg BT 435.21 521.00 Td (material ) Tj ET Q q 0 0 0 rg BT 463.71 521.00 Td (adverse ) Tj ET Q q 0 0 0 rg BT 490.43 521.00 Td (ef) Tj ET Q q 0 0 0 rg BT 496.50 521.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 510.78 521.00 Td (on ) Tj ET Q q 0 0 0 rg BT 521.07 521.00 Td (our ) Tj ET Q q 0 0 0 rg BT 534.03 521.00 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td (position, ) Tj ET Q q 0 0 0 rg BT 79.78 511.40 Td (results ) Tj ET Q q 0 0 0 rg BT 102.67 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 111.33 511.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 146.66 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 160.21 511.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 176.42 511.40 Td (flows. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 492.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.34 492.80 Td (success ) Tj ET Q q 0 0 0 rg BT 91.78 492.80 Td (depends ) Tj ET Q q 0 0 0 rg BT 120.45 492.80 Td (on ) Tj ET Q q 0 0 0 rg BT 130.89 492.80 Td (attracting ) Tj ET Q q 0 0 0 rg BT 164.90 492.80 Td (and ) Tj ET Q q 0 0 0 rg BT 179.35 492.80 Td (retaining ) Tj ET Q q 0 0 0 rg BT 211.58 492.80 Td (key ) Tj ET Q q 0 0 0 rg BT 224.68 492.80 Td (personnel.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.63 477.20 Td (success ) Tj ET Q q 0 0 0 rg BT 90.82 477.20 Td (depends ) Tj ET Q q 0 0 0 rg BT 119.22 477.20 Td (partly ) Tj ET Q q 0 0 0 rg BT 140.07 477.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 158.27 477.20 Td (the ) Tj ET Q q 0 0 0 rg BT 170.23 477.20 Td (ef) Tj ET Q q 0 0 0 rg BT 176.30 477.20 Td (forts ) Tj ET Q q 0 0 0 rg BT 193.16 477.20 Td (and ) Tj ET Q q 0 0 0 rg BT 206.90 477.20 Td (abilities ) Tj ET Q q 0 0 0 rg BT 234.42 477.20 Td (of ) Tj ET Q q 0 0 0 rg BT 243.27 477.20 Td (our ) Tj ET Q q 0 0 0 rg BT 256.13 477.20 Td (key ) Tj ET Q q 0 0 0 rg BT 269.87 477.20 Td (personnel ) Tj ET Q q 0 0 0 rg BT 303.16 477.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.91 477.20 Td (our ) Tj ET Q q 0 0 0 rg BT 329.76 477.20 Td (ability ) Tj ET Q q 0 0 0 rg BT 352.39 477.20 Td (to ) Tj ET Q q 0 0 0 rg BT 360.81 477.20 Td (attract ) Tj ET Q q 0 0 0 rg BT 382.98 477.20 Td (and ) Tj ET Q q 0 0 0 rg BT 396.73 477.20 Td (retain ) Tj ET Q q 0 0 0 rg BT 417.13 477.20 Td (key ) Tj ET Q q 0 0 0 rg BT 430.87 477.20 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 466.16 477.20 Td ( ) Tj ET Q q 0 0 0 rg BT 468.36 477.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 482.99 477.20 Td (management ) Tj ET Q q 0 0 0 rg BT 526.05 477.20 Td (teams ) Tj ET Q q 0 0 0 rg BT 546.90 477.20 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 85.89 467.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 122.66 467.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.00 467.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.90 467.60 Td (media ) Tj ET Q q 0 0 0 rg BT 164.57 467.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 192.92 467.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.59 467.60 Td (have ) Tj ET Q q 0 0 0 rg BT 223.82 467.60 Td (made ) Tj ET Q q 0 0 0 rg BT 243.27 467.60 Td (important ) Tj ET Q q 0 0 0 rg BT 276.50 467.60 Td (contributions ) Tj ET Q q 0 0 0 rg BT 320.84 467.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.19 467.60 Td (our ) Tj ET Q q 0 0 0 rg BT 341.98 467.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 366.76 467.60 Td (and ) Tj ET Q q 0 0 0 rg BT 380.44 467.60 Td (success. ) Tj ET Q q 0 0 0 rg BT 408.55 467.60 Td ( ) Tj ET Q q 0 0 0 rg BT 410.21 467.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 442.56 467.60 Td (we ) Tj ET Q q 0 0 0 rg BT 454.01 467.60 Td (have ) Tj ET Q q 0 0 0 rg BT 471.23 467.60 Td (been ) Tj ET Q q 0 0 0 rg BT 488.46 467.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 523.46 467.60 Td (in ) Tj ET Q q 0 0 0 rg BT 531.81 467.60 Td (attracting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 458.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.77 458.00 Td (retaining ) Tj ET Q q 0 0 0 rg BT 94.42 458.00 Td (such ) Tj ET Q q 0 0 0 rg BT 111.30 458.00 Td (people ) Tj ET Q q 0 0 0 rg BT 134.84 458.00 Td (in ) Tj ET Q q 0 0 0 rg BT 143.28 458.00 Td (the ) Tj ET Q q 0 0 0 rg BT 155.27 458.00 Td (past, ) Tj ET Q q 0 0 0 rg BT 172.37 458.00 Td (competition ) Tj ET Q q 0 0 0 rg BT 212.80 458.00 Td (for ) Tj ET Q q 0 0 0 rg BT 224.35 458.00 Td (highly ) Tj ET Q q 0 0 0 rg BT 247.01 458.00 Td (skilled ) Tj ET Q q 0 0 0 rg BT 270.56 458.00 Td (individuals ) Tj ET Q q 0 0 0 rg BT 308.33 458.00 Td (is ) Tj ET Q q 0 0 0 rg BT 315.88 458.00 Td (intense. ) Tj ET Q q 0 0 0 rg BT 342.76 458.00 Td ( ) Tj ET Q q 0 0 0 rg BT 344.82 458.00 Td (There ) Tj ET Q q 0 0 0 rg BT 365.69 458.00 Td (can ) Tj ET Q q 0 0 0 rg BT 379.01 458.00 Td (be ) Tj ET Q q 0 0 0 rg BT 388.77 458.00 Td (no ) Tj ET Q q 0 0 0 rg BT 398.99 458.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 432.30 458.00 Td (that ) Tj ET Q q 0 0 0 rg BT 446.51 458.00 Td (we ) Tj ET Q q 0 0 0 rg BT 458.06 458.00 Td (will ) Tj ET Q q 0 0 0 rg BT 472.72 458.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 502.48 458.00 Td (to ) Tj ET Q q 0 0 0 rg BT 510.92 458.00 Td (be ) Tj ET Q q 0 0 0 rg BT 520.69 458.00 Td (successful ) Tj ET Q q 0 0 0 rg BT 555.79 458.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.40 Td (attracting ) Tj ET Q q 0 0 0 rg BT 82.15 448.40 Td (and ) Tj ET Q q 0 0 0 rg BT 95.64 448.40 Td (retaining ) Tj ET Q q 0 0 0 rg BT 126.02 448.40 Td (such ) Tj ET Q q 0 0 0 rg BT 142.63 448.40 Td (individuals ) Tj ET Q q 0 0 0 rg BT 180.12 448.40 Td (in ) Tj ET Q q 0 0 0 rg BT 188.29 448.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.00 448.40 Td (future. ) Tj ET Q q 0 0 0 rg BT 223.05 448.40 Td ( ) Tj ET Q q 0 0 0 rg BT 224.85 448.40 Td (The ) Tj ET Q q 0 0 0 rg BT 239.23 448.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.62 448.40 Td (of ) Tj ET Q q 0 0 0 rg BT 262.23 448.40 Td (the ) Tj ET Q q 0 0 0 rg BT 273.94 448.40 Td (services ) Tj ET Q q 0 0 0 rg BT 301.65 448.40 Td (of ) Tj ET Q q 0 0 0 rg BT 310.26 448.40 Td (any ) Tj ET Q q 0 0 0 rg BT 323.75 448.40 Td (of ) Tj ET Q q 0 0 0 rg BT 332.36 448.40 Td (these ) Tj ET Q q 0 0 0 rg BT 350.74 448.40 Td (individuals ) Tj ET Q q 0 0 0 rg BT 388.23 448.40 Td (could ) Tj ET Q q 0 0 0 rg BT 407.95 448.40 Td (have ) Tj ET Q q 0 0 0 rg BT 424.99 448.40 Td (an ) Tj ET Q q 0 0 0 rg BT 434.49 448.40 Td (adverse ) Tj ET Q q 0 0 0 rg BT 460.86 448.40 Td (ef) Tj ET Q q 0 0 0 rg BT 466.93 448.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 480.86 448.40 Td (on ) Tj ET Q q 0 0 0 rg BT 490.80 448.40 Td (our ) Tj ET Q q 0 0 0 rg BT 503.41 448.40 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 541.13 448.40 Td (results ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 438.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 438.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.99 438.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.54 438.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.75 438.80 Td (flows.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 420.20 Td (Risks ) Tj ET Q q 0 0 0 rg BT 70.68 420.20 Td (Relating ) Tj ET Q q 0 0 0 rg BT 101.56 420.20 Td (to ) Tj ET Q q 0 0 0 rg BT 110.23 420.20 Td (Enfor) Tj ET Q q 0 0 0 rg BT 130.08 420.20 Td (cement ) Tj ET Q q 0 0 0 rg BT 156.51 420.20 Td (Rights) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 401.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.52 401.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.07 401.60 Td (are ) Tj ET Q q 0 0 0 rg BT 74.73 401.60 Td (a ) Tj ET Q q 0 0 0 rg BT 80.73 401.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 113.41 401.60 Td (company ) Tj ET Q q 0 0 0 rg BT 145.18 401.60 Td (and ) Tj ET Q q 0 0 0 rg BT 159.63 401.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 202.95 401.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.62 401.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 227.39 401.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 259.61 401.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.06 401.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 310.29 401.60 Td (may ) Tj ET Q q 0 0 0 rg BT 326.06 401.60 Td (be ) Tj ET Q q 0 0 0 rg BT 335.61 401.60 Td (dif) Tj ET Q q 0 0 0 rg BT 344.36 401.60 Td (ficult.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 386.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 386.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.62 386.00 Td (are ) Tj ET Q q 0 0 0 rg BT 74.54 386.00 Td (a ) Tj ET Q q 0 0 0 rg BT 80.25 386.00 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 111.74 386.00 Td (company) Tj ET Q q 0 0 0 rg BT 140.54 386.00 Td (. ) Tj ET Q q 0 0 0 rg BT 144.70 386.00 Td ( ) Tj ET Q q 0 0 0 rg BT 146.86 386.00 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 190.80 386.00 Td (all ) Tj ET Q q 0 0 0 rg BT 200.95 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 209.78 386.00 Td (our ) Tj ET Q q 0 0 0 rg BT 222.60 386.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 243.42 386.00 Td (and ) Tj ET Q q 0 0 0 rg BT 257.13 386.00 Td (all ) Tj ET Q q 0 0 0 rg BT 267.29 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 276.11 386.00 Td (our ) Tj ET Q q 0 0 0 rg BT 288.93 386.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 324.42 386.00 Td (are ) Tj ET Q q 0 0 0 rg BT 336.34 386.00 Td (located, ) Tj ET Q q 0 0 0 rg BT 363.60 386.00 Td (and ) Tj ET Q q 0 0 0 rg BT 377.31 386.00 Td (all ) Tj ET Q q 0 0 0 rg BT 387.46 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 396.29 386.00 Td (our ) Tj ET Q q 0 0 0 rg BT 409.11 386.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 439.70 386.00 Td (are ) Tj ET Q q 0 0 0 rg BT 451.63 386.00 Td (derived, ) Tj ET Q q 0 0 0 rg BT 479.77 386.00 Td (outside ) Tj ET Q q 0 0 0 rg BT 505.04 386.00 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 386.00 Td (United ) Tj ET Q q 0 0 0 rg BT 540.91 386.00 Td (States. ) Tj ET Q q 0 0 0 rg BT 564.02 386.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 376.40 Td (In ) Tj ET Q q 0 0 0 rg BT 58.58 376.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.71 376.40 Td (several ) Tj ET Q q 0 0 0 rg BT 113.27 376.40 Td (of ) Tj ET Q q 0 0 0 rg BT 121.84 376.40 Td (our ) Tj ET Q q 0 0 0 rg BT 134.42 376.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 164.32 376.40 Td (and ) Tj ET Q q 0 0 0 rg BT 177.78 376.40 Td (of) Tj ET Q q 0 0 0 rg BT 184.30 376.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 203.98 376.40 Td (are ) Tj ET Q q 0 0 0 rg BT 215.65 376.40 Td (non-residents ) Tj ET Q q 0 0 0 rg BT 260.67 376.40 Td (of ) Tj ET Q q 0 0 0 rg BT 269.24 376.40 Td (the ) Tj ET Q q 0 0 0 rg BT 280.93 376.40 Td (United ) Tj ET Q q 0 0 0 rg BT 304.61 376.40 Td (States, ) Tj ET Q q 0 0 0 rg BT 327.63 376.40 Td (and ) Tj ET Q q 0 0 0 rg BT 341.09 376.40 Td (all ) Tj ET Q q 0 0 0 rg BT 351.00 376.40 Td (or ) Tj ET Q q 0 0 0 rg BT 359.58 376.40 Td (a ) Tj ET Q q 0 0 0 rg BT 365.04 376.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 401.17 376.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 426.19 376.40 Td (of ) Tj ET Q q 0 0 0 rg BT 434.76 376.40 Td (the ) Tj ET Q q 0 0 0 rg BT 446.45 376.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 467.02 376.40 Td (of ) Tj ET Q q 0 0 0 rg BT 475.60 376.40 Td (such ) Tj ET Q q 0 0 0 rg BT 492.17 376.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 518.53 376.40 Td (are ) Tj ET Q q 0 0 0 rg BT 530.20 376.40 Td (or ) Tj ET Q q 0 0 0 rg BT 538.78 376.40 Td (may ) Tj ET Q q 0 0 0 rg BT 554.46 376.40 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 366.80 Td (located ) Tj ET Q q 0 0 0 rg BT 74.68 366.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 99.38 366.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.74 366.80 Td (United ) Tj ET Q q 0 0 0 rg BT 134.10 366.80 Td (States. ) Tj ET Q q 0 0 0 rg BT 156.79 366.80 Td ( ) Tj ET Q q 0 0 0 rg BT 158.03 366.80 Td (As ) Tj ET Q q 0 0 0 rg BT 168.51 366.80 Td (a ) Tj ET Q q 0 0 0 rg BT 173.64 366.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 195.00 366.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 225.47 366.80 Td (may ) Tj ET Q q 0 0 0 rg BT 240.83 366.80 Td (be ) Tj ET Q q 0 0 0 rg BT 249.97 366.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 272.88 366.80 Td (to ) Tj ET Q q 0 0 0 rg BT 280.69 366.80 Td (ef) Tj ET Q q 0 0 0 rg BT 286.76 366.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 300.33 366.80 Td (service ) Tj ET Q q 0 0 0 rg BT 324.57 366.80 Td (of ) Tj ET Q q 0 0 0 rg BT 332.82 366.80 Td (process ) Tj ET Q q 0 0 0 rg BT 358.40 366.80 Td (within ) Tj ET Q q 0 0 0 rg BT 380.43 366.80 Td (the ) Tj ET Q q 0 0 0 rg BT 391.79 366.80 Td (United ) Tj ET Q q 0 0 0 rg BT 415.15 366.80 Td (States ) Tj ET Q q 0 0 0 rg BT 435.85 366.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 453.43 366.80 Td (such ) Tj ET Q q 0 0 0 rg BT 469.68 366.80 Td (persons, ) Tj ET Q q 0 0 0 rg BT 497.71 366.80 Td (or ) Tj ET Q q 0 0 0 rg BT 505.96 366.80 Td (to ) Tj ET Q q 0 0 0 rg BT 513.77 366.80 Td (enforce ) Tj ET Q q 0 0 0 rg BT 539.33 366.80 Td (against ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 357.20 Td (them ) Tj ET Q q 0 0 0 rg BT 68.54 357.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 104.41 357.20 Td (obtained ) Tj ET Q q 0 0 0 rg BT 134.50 357.20 Td (in ) Tj ET Q q 0 0 0 rg BT 143.26 357.20 Td (the ) Tj ET Q q 0 0 0 rg BT 155.57 357.20 Td (United ) Tj ET Q q 0 0 0 rg BT 179.88 357.20 Td (States ) Tj ET Q q 0 0 0 rg BT 201.53 357.20 Td (courts, ) Tj ET Q q 0 0 0 rg BT 225.63 357.20 Td (including ) Tj ET Q q 0 0 0 rg BT 258.38 357.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 294.26 357.20 Td (predicated ) Tj ET Q q 0 0 0 rg BT 330.11 357.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 348.65 357.20 Td (the ) Tj ET Q q 0 0 0 rg BT 360.96 357.20 Td (civil ) Tj ET Q q 0 0 0 rg BT 377.72 357.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 405.15 357.20 Td (provisions ) Tj ET Q q 0 0 0 rg BT 441.02 357.20 Td (of ) Tj ET Q q 0 0 0 rg BT 450.23 357.20 Td (the ) Tj ET Q q 0 0 0 rg BT 462.54 357.20 Td (United ) Tj ET Q q 0 0 0 rg BT 486.85 357.20 Td (States ) Tj ET Q q 0 0 0 rg BT 508.50 357.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 533.25 357.20 Td (and ) Tj ET Q q 0 0 0 rg BT 547.34 357.20 Td (state ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 347.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 82.45 347.60 Td (laws. ) Tj ET Q q 0 0 0 rg BT 101.36 347.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.44 347.60 Td (There ) Tj ET Q q 0 0 0 rg BT 124.34 347.60 Td (is ) Tj ET Q q 0 0 0 rg BT 131.92 347.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 170.14 347.60 Td (as ) Tj ET Q q 0 0 0 rg BT 179.05 347.60 Td (to ) Tj ET Q q 0 0 0 rg BT 187.52 347.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 215.53 347.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.54 347.60 Td (courts ) Tj ET Q q 0 0 0 rg BT 249.34 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.24 347.60 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 289.81 347.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.61 347.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.62 347.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 347.19 347.60 Td (in ) Tj ET Q q 0 0 0 rg BT 355.66 347.60 Td (which ) Tj ET Q q 0 0 0 rg BT 377.45 347.60 Td (we ) Tj ET Q q 0 0 0 rg BT 389.02 347.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 414.80 347.60 Td (would ) Tj ET Q q 0 0 0 rg BT 437.05 347.60 Td (enforce ) Tj ET Q q 0 0 0 rg BT 463.27 347.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 474.39 347.60 Td (judgments ) Tj ET Q q 0 0 0 rg BT 509.97 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.87 347.60 Td (United ) Tj ET Q q 0 0 0 rg BT 542.89 347.60 Td (States ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (courts ) Tj ET Q q 0 0 0 rg BT 71.96 338.00 Td (obtained ) Tj ET Q q 0 0 0 rg BT 101.91 338.00 Td (against ) Tj ET Q q 0 0 0 rg BT 126.97 338.00 Td (us ) Tj ET Q q 0 0 0 rg BT 136.49 338.00 Td (or ) Tj ET Q q 0 0 0 rg BT 145.56 338.00 Td (such ) Tj ET Q q 0 0 0 rg BT 162.63 338.00 Td (persons ) Tj ET Q q 0 0 0 rg BT 189.48 338.00 Td (predicated ) Tj ET Q q 0 0 0 rg BT 225.20 338.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 243.60 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 255.78 338.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 272.40 338.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 299.70 338.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 335.44 338.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.51 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 356.68 338.00 Td (United ) Tj ET Q q 0 0 0 rg BT 380.86 338.00 Td (States ) Tj ET Q q 0 0 0 rg BT 402.38 338.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 426.99 338.00 Td (and ) Tj ET Q q 0 0 0 rg BT 440.94 338.00 Td (state ) Tj ET Q q 0 0 0 rg BT 458.01 338.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 490.62 338.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 507.69 338.00 Td (or ) Tj ET Q q 0 0 0 rg BT 516.76 338.00 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 528.50 338.00 Td (in ) Tj ET Q q 0 0 0 rg BT 537.12 338.00 Td (original ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 328.40 Td (actions ) Tj ET Q q 0 0 0 rg BT 74.66 328.40 Td (brought ) Tj ET Q q 0 0 0 rg BT 101.55 328.40 Td (in ) Tj ET Q q 0 0 0 rg BT 109.77 328.40 Td (such ) Tj ET Q q 0 0 0 rg BT 126.43 328.40 Td (countries, ) Tj ET Q q 0 0 0 rg BT 159.76 328.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 191.53 328.40 Td (against ) Tj ET Q q 0 0 0 rg BT 216.19 328.40 Td (us ) Tj ET Q q 0 0 0 rg BT 225.30 328.40 Td (or ) Tj ET Q q 0 0 0 rg BT 233.97 328.40 Td (such ) Tj ET Q q 0 0 0 rg BT 250.63 328.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 277.07 328.40 Td (predicated ) Tj ET Q q 0 0 0 rg BT 312.39 328.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 330.39 328.40 Td (the ) Tj ET Q q 0 0 0 rg BT 342.16 328.40 Td (United ) Tj ET Q q 0 0 0 rg BT 365.93 328.40 Td (States ) Tj ET Q q 0 0 0 rg BT 387.04 328.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 411.25 328.40 Td (and ) Tj ET Q q 0 0 0 rg BT 424.80 328.40 Td (state ) Tj ET Q q 0 0 0 rg BT 441.46 328.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 473.67 328.40 Td (laws.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 309.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.34 309.80 Td (bye-laws ) Tj ET Q q 0 0 0 rg BT 95.78 309.80 Td (restrict ) Tj ET Q q 0 0 0 rg BT 120.89 309.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 165.56 309.80 Td (from ) Tj ET Q q 0 0 0 rg BT 183.56 309.80 Td (bringing ) Tj ET Q q 0 0 0 rg BT 214.02 309.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 232.02 309.80 Td (action ) Tj ET Q q 0 0 0 rg BT 254.46 309.80 Td (against ) Tj ET Q q 0 0 0 rg BT 280.47 309.80 Td (our ) Tj ET Q q 0 0 0 rg BT 294.03 309.80 Td (of) Tj ET Q q 0 0 0 rg BT 300.55 309.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 320.77 309.80 Td (and ) Tj ET Q q 0 0 0 rg BT 335.21 309.80 Td (directors.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 294.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.90 294.20 Td (bye-laws ) Tj ET Q q 0 0 0 rg BT 96.24 294.20 Td (contain ) Tj ET Q q 0 0 0 rg BT 122.24 294.20 Td (a ) Tj ET Q q 0 0 0 rg BT 128.25 294.20 Td (broad ) Tj ET Q q 0 0 0 rg BT 148.92 294.20 Td (waiver ) Tj ET Q q 0 0 0 rg BT 173.15 294.20 Td (by ) Tj ET Q q 0 0 0 rg BT 183.60 294.20 Td (our ) Tj ET Q q 0 0 0 rg BT 196.73 294.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 239.61 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 248.74 294.20 Td (any ) Tj ET Q q 0 0 0 rg BT 262.75 294.20 Td (claim ) Tj ET Q q 0 0 0 rg BT 282.97 294.20 Td (or ) Tj ET Q q 0 0 0 rg BT 292.09 294.20 Td (right ) Tj ET Q q 0 0 0 rg BT 309.66 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 318.78 294.20 Td (action ) Tj ET Q q 0 0 0 rg BT 340.79 294.20 Td (in ) Tj ET Q q 0 0 0 rg BT 349.47 294.20 Td (Bermuda, ) Tj ET Q q 0 0 0 rg BT 383.25 294.20 Td (both ) Tj ET Q q 0 0 0 rg BT 399.93 294.20 Td (individually ) Tj ET Q q 0 0 0 rg BT 441.05 294.20 Td (and ) Tj ET Q q 0 0 0 rg BT 455.06 294.20 Td (on ) Tj ET Q q 0 0 0 rg BT 465.52 294.20 Td (our ) Tj ET Q q 0 0 0 rg BT 478.64 294.20 Td (behalf, ) Tj ET Q q 0 0 0 rg BT 503.09 294.20 Td (against ) Tj ET Q q 0 0 0 rg BT 528.21 294.20 Td (any ) Tj ET Q q 0 0 0 rg BT 542.22 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 551.34 294.20 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 284.60 Td (of) Tj ET Q q 0 0 0 rg BT 56.52 284.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 76.28 284.60 Td (or ) Tj ET Q q 0 0 0 rg BT 84.94 284.60 Td (directors. ) Tj ET Q q 0 0 0 rg BT 116.92 284.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.77 284.60 Td (The ) Tj ET Q q 0 0 0 rg BT 133.20 284.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 156.96 284.60 Td (applies ) Tj ET Q q 0 0 0 rg BT 181.61 284.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.82 284.60 Td (any ) Tj ET Q q 0 0 0 rg BT 203.37 284.60 Td (action ) Tj ET Q q 0 0 0 rg BT 224.91 284.60 Td (taken ) Tj ET Q q 0 0 0 rg BT 244.23 284.60 Td (or ) Tj ET Q q 0 0 0 rg BT 252.88 284.60 Td (concurred ) Tj ET Q q 0 0 0 rg BT 286.86 284.60 Td (in ) Tj ET Q q 0 0 0 rg BT 295.07 284.60 Td (by ) Tj ET Q q 0 0 0 rg BT 305.07 284.60 Td (an ) Tj ET Q q 0 0 0 rg BT 314.61 284.60 Td (of) Tj ET Q q 0 0 0 rg BT 321.13 284.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 337.77 284.60 Td (or ) Tj ET Q q 0 0 0 rg BT 346.43 284.60 Td (director) Tj ET Q q 0 0 0 rg BT 370.99 284.60 Td (, ) Tj ET Q q 0 0 0 rg BT 374.98 284.60 Td (or ) Tj ET Q q 0 0 0 rg BT 383.64 284.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.40 284.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 418.27 284.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.93 284.60 Td (an ) Tj ET Q q 0 0 0 rg BT 436.47 284.60 Td (of) Tj ET Q q 0 0 0 rg BT 442.99 284.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 459.64 284.60 Td (or ) Tj ET Q q 0 0 0 rg BT 468.30 284.60 Td (director ) Tj ET Q q 0 0 0 rg BT 495.16 284.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.38 284.60 Td (take ) Tj ET Q q 0 0 0 rg BT 518.70 284.60 Td (any ) Tj ET Q q 0 0 0 rg BT 532.24 284.60 Td (action, ) Tj ET Q q 0 0 0 rg BT 555.78 284.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.74 275.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 104.12 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 112.74 275.00 Td (his ) Tj ET Q q 0 0 0 rg BT 124.04 275.00 Td (or ) Tj ET Q q 0 0 0 rg BT 132.67 275.00 Td (her ) Tj ET Q q 0 0 0 rg BT 144.84 275.00 Td (duties, ) Tj ET Q q 0 0 0 rg BT 167.91 275.00 Td (except ) Tj ET Q q 0 0 0 rg BT 190.75 275.00 Td (with ) Tj ET Q q 0 0 0 rg BT 206.93 275.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 231.55 275.00 Td (to ) Tj ET Q q 0 0 0 rg BT 239.73 275.00 Td (any ) Tj ET Q q 0 0 0 rg BT 253.25 275.00 Td (matter ) Tj ET Q q 0 0 0 rg BT 275.64 275.00 Td (involving ) Tj ET Q q 0 0 0 rg BT 308.27 275.00 Td (any ) Tj ET Q q 0 0 0 rg BT 321.78 275.00 Td (fraud ) Tj ET Q q 0 0 0 rg BT 340.63 275.00 Td (or ) Tj ET Q q 0 0 0 rg BT 349.25 275.00 Td (dishonesty ) Tj ET Q q 0 0 0 rg BT 385.44 275.00 Td (on ) Tj ET Q q 0 0 0 rg BT 395.40 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 407.13 275.00 Td (part ) Tj ET Q q 0 0 0 rg BT 421.53 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 430.16 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 275.00 Td (of) Tj ET Q q 0 0 0 rg BT 448.41 275.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 465.03 275.00 Td (or ) Tj ET Q q 0 0 0 rg BT 473.65 275.00 Td (director) Tj ET Q q 0 0 0 rg BT 498.09 275.00 Td (. ) Tj ET Q q 0 0 0 rg BT 502.05 275.00 Td ( ) Tj ET Q q 0 0 0 rg BT 503.87 275.00 Td (This ) Tj ET Q q 0 0 0 rg BT 520.05 275.00 Td (waiver ) Tj ET Q q 0 0 0 rg BT 543.78 275.00 Td (limits ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 265.40 Td (right ) Tj ET Q q 0 0 0 rg BT 78.88 265.40 Td (of ) Tj ET Q q 0 0 0 rg BT 87.55 265.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 129.98 265.40 Td (to ) Tj ET Q q 0 0 0 rg BT 138.20 265.40 Td (assert ) Tj ET Q q 0 0 0 rg BT 158.41 265.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 181.30 265.40 Td (against ) Tj ET Q q 0 0 0 rg BT 205.96 265.40 Td (our ) Tj ET Q q 0 0 0 rg BT 218.62 265.40 Td (of) Tj ET Q q 0 0 0 rg BT 225.14 265.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 244.91 265.40 Td (and ) Tj ET Q q 0 0 0 rg BT 258.46 265.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 288.45 265.40 Td (unless ) Tj ET Q q 0 0 0 rg BT 310.45 265.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.22 265.40 Td (act ) Tj ET Q q 0 0 0 rg BT 333.54 265.40 Td (or ) Tj ET Q q 0 0 0 rg BT 342.21 265.40 Td (failure ) Tj ET Q q 0 0 0 rg BT 365.08 265.40 Td (to ) Tj ET Q q 0 0 0 rg BT 373.30 265.40 Td (act ) Tj ET Q q 0 0 0 rg BT 384.63 265.40 Td (involves ) Tj ET Q q 0 0 0 rg BT 413.74 265.40 Td (fraud ) Tj ET Q q 0 0 0 rg BT 432.62 265.40 Td (or ) Tj ET Q q 0 0 0 rg BT 441.28 265.40 Td (dishonesty) Tj ET Q q 0 0 0 rg BT 474.98 265.40 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 246.80 Td (Risks ) Tj ET Q q 0 0 0 rg BT 70.68 246.80 Td (Relating ) Tj ET Q q 0 0 0 rg BT 101.56 246.80 Td (to ) Tj ET Q q 0 0 0 rg BT 110.23 246.80 Td (our) Tj ET Q q 0 0 0 rg BT 122.08 246.80 Td ( ) Tj ET Q q 0 0 0 rg BT 124.08 246.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 157.64 246.80 Td (Stock) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 228.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.34 228.20 Td (share ) Tj ET Q q 0 0 0 rg BT 85.57 228.20 Td (price ) Tj ET Q q 0 0 0 rg BT 104.00 228.20 Td (may ) Tj ET Q q 0 0 0 rg BT 119.78 228.20 Td (be ) Tj ET Q q 0 0 0 rg BT 129.33 228.20 Td (adversely ) Tj ET Q q 0 0 0 rg BT 161.98 228.20 Td (af) Tj ET Q q 0 0 0 rg BT 168.50 228.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 190.04 228.20 Td (by ) Tj ET Q q 0 0 0 rg BT 199.59 228.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 217.59 228.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.25 228.20 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 267.81 228.20 Td (or ) Tj ET Q q 0 0 0 rg BT 276.93 228.20 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 320.26 228.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 343.60 228.20 Td (or ) Tj ET Q q 0 0 0 rg BT 352.71 228.20 Td (future ) Tj ET Q q 0 0 0 rg BT 375.16 228.20 Td (issuances ) Tj ET Q q 0 0 0 rg BT 408.73 228.20 Td (of ) Tj ET Q q 0 0 0 rg BT 417.39 228.20 Td (our ) Tj ET Q q 0 0 0 rg BT 430.95 228.20 Td (shares.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 212.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.61 212.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 68.28 212.60 Td (W) Tj ET Q q 0 0 0 rg BT 75.19 212.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 93.42 212.60 Td (is ) Tj ET Q q 0 0 0 rg BT 100.57 212.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.15 212.60 Td (lar) Tj ET Q q 0 0 0 rg BT 120.44 212.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 135.13 212.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 157.38 212.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.85 212.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.65 212.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.12 212.60 Td (our ) Tj ET Q q 0 0 0 rg BT 208.59 212.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 227.33 212.60 Td (A) Tj ET Q q 0 0 0 rg BT 232.67 212.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.47 212.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 266.06 212.60 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 288.09 212.60 Td (holding ) Tj ET Q q 0 0 0 rg BT 314.34 212.60 Td (61,407,775 ) Tj ET Q q 0 0 0 rg BT 352.15 212.60 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 393.50 212.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 415.29 212.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.77 212.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 442.51 212.60 Td (A) Tj ET Q q 0 0 0 rg BT 447.85 212.60 Td ( ) Tj ET Q q 0 0 0 rg BT 449.65 212.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 481.24 212.60 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 503.27 212.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.63 212.60 Td (also ) Tj ET Q q 0 0 0 rg BT 531.32 212.60 Td (holds ) Tj ET Q q 0 0 0 rg BT 550.46 212.60 Td (one ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 203.00 Td (share ) Tj ET Q q 0 0 0 rg BT 68.76 203.00 Td (of ) Tj ET Q q 0 0 0 rg BT 77.31 203.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 98.32 203.00 Td (A) Tj ET Q q 0 0 0 rg BT 103.66 203.00 Td ( ) Tj ET Q q 0 0 0 rg BT 105.54 203.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 137.18 203.00 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 159.29 203.00 Td (and ) Tj ET Q q 0 0 0 rg BT 172.72 203.00 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 200.60 203.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 222.47 203.00 Td (of ) Tj ET Q q 0 0 0 rg BT 231.02 203.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 252.45 203.00 Td (B ) Tj ET Q q 0 0 0 rg BT 259.67 203.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 291.31 203.00 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 313.41 203.00 Td ( ) Tj ET Q q 0 0 0 rg BT 315.16 203.00 Td (The ) Tj ET Q q 0 0 0 rg BT 329.48 203.00 Td (share ) Tj ET Q q 0 0 0 rg BT 348.24 203.00 Td (of ) Tj ET Q q 0 0 0 rg BT 356.79 203.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 377.80 203.00 Td (A) Tj ET Q q 0 0 0 rg BT 383.14 203.00 Td ( ) Tj ET Q q 0 0 0 rg BT 385.02 203.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 416.66 203.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 436.77 203.00 Td (is ) Tj ET Q q 0 0 0 rg BT 443.98 203.00 Td (convertible ) Tj ET Q q 0 0 0 rg BT 481.85 203.00 Td (into ) Tj ET Q q 0 0 0 rg BT 496.18 203.00 Td (1) Tj ET Q q 0 0 0 rg BT 499.88 203.00 Td (1,21) Tj ET Q q 0 0 0 rg BT 513.58 203.00 Td (1,449 ) Tj ET Q q 0 0 0 rg BT 533.46 203.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 555.34 203.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 193.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 69.12 193.40 Td (A) Tj ET Q q 0 0 0 rg BT 74.46 193.40 Td ( ) Tj ET Q q 0 0 0 rg BT 76.74 193.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 108.81 193.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.32 193.40 Td (on ) Tj ET Q q 0 0 0 rg BT 139.61 193.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.67 193.40 Td (date ) Tj ET Q q 0 0 0 rg BT 167.29 193.40 Td (that ) Tj ET Q q 0 0 0 rg BT 181.57 193.40 Td (is ) Tj ET Q q 0 0 0 rg BT 189.19 193.40 Td (61 ) Tj ET Q q 0 0 0 rg BT 199.48 193.40 Td (days ) Tj ET Q q 0 0 0 rg BT 216.43 193.40 Td (after ) Tj ET Q q 0 0 0 rg BT 233.37 193.40 Td (the ) Tj ET Q q 0 0 0 rg BT 245.44 193.40 Td (date ) Tj ET Q q 0 0 0 rg BT 261.05 193.40 Td (on ) Tj ET Q q 0 0 0 rg BT 271.34 193.40 Td (which ) Tj ET Q q 0 0 0 rg BT 293.17 193.40 Td (the ) Tj ET Q q 0 0 0 rg BT 305.24 193.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 340.85 193.40 Td (of ) Tj ET Q q 0 0 0 rg BT 349.80 193.40 Td (our ) Tj ET Q q 0 0 0 rg BT 362.76 193.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 402.38 193.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 424.66 193.40 Td (of ) Tj ET Q q 0 0 0 rg BT 433.61 193.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 452.73 193.40 Td (A) Tj ET Q q 0 0 0 rg BT 458.06 193.40 Td ( ) Tj ET Q q 0 0 0 rg BT 460.35 193.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 492.42 193.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 512.93 193.40 Td (by ) Tj ET Q q 0 0 0 rg BT 523.22 193.40 Td (a ) Tj ET Q q 0 0 0 rg BT 529.06 193.40 Td (group ) Tj ET Q q 0 0 0 rg BT 550.01 193.40 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 183.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 78.70 183.80 Td (TW) Tj ET Q q 0 0 0 rg BT 91.00 183.80 Td ( ) Tj ET Q q 0 0 0 rg BT 93.20 183.80 Td (Investor ) Tj ET Q q 0 0 0 rg BT 121.61 183.80 Td (and ) Tj ET Q q 0 0 0 rg BT 135.36 183.80 Td (its ) Tj ET Q q 0 0 0 rg BT 145.12 183.80 Td (af) Tj ET Q q 0 0 0 rg BT 151.19 183.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 175.17 183.80 Td (would ) Tj ET Q q 0 0 0 rg BT 197.37 183.80 Td (not ) Tj ET Q q 0 0 0 rg BT 209.79 183.80 Td (be ) Tj ET Q q 0 0 0 rg BT 219.54 183.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 243.95 183.80 Td (than ) Tj ET Q q 0 0 0 rg BT 259.92 183.80 Td (49.9% ) Tj ET Q q 0 0 0 rg BT 282.79 183.80 Td (of ) Tj ET Q q 0 0 0 rg BT 291.65 183.80 Td (the ) Tj ET Q q 0 0 0 rg BT 303.63 183.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 343.16 183.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.35 183.80 Td (of ) Tj ET Q q 0 0 0 rg BT 374.22 183.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.27 183.80 Td (A) Tj ET Q q 0 0 0 rg BT 398.60 183.80 Td ( ) Tj ET Q q 0 0 0 rg BT 400.81 183.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 432.79 183.80 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 455.21 183.80 Td ( ) Tj ET Q q 0 0 0 rg BT 457.25 183.80 Td (The ) Tj ET Q q 0 0 0 rg BT 471.89 183.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 494.09 183.80 Td (of ) Tj ET Q q 0 0 0 rg BT 502.95 183.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 524.70 183.80 Td (B ) Tj ET Q q 0 0 0 rg BT 532.24 183.80 Td (Preferred ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 70.33 174.20 Td (are ) Tj ET Q q 0 0 0 rg BT 82.20 174.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 120.29 174.20 Td (into ) Tj ET Q q 0 0 0 rg BT 134.84 174.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 156.94 174.20 Td (of ) Tj ET Q q 0 0 0 rg BT 165.71 174.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 184.68 174.20 Td (A) Tj ET Q q 0 0 0 rg BT 190.02 174.20 Td ( ) Tj ET Q q 0 0 0 rg BT 192.13 174.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 224.01 174.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 244.34 174.20 Td (after ) Tj ET Q q 0 0 0 rg BT 261.10 174.20 Td (three ) Tj ET Q q 0 0 0 rg BT 279.19 174.20 Td (years ) Tj ET Q q 0 0 0 rg BT 298.18 174.20 Td (from ) Tj ET Q q 0 0 0 rg BT 315.83 174.20 Td (the ) Tj ET Q q 0 0 0 rg BT 327.71 174.20 Td (date ) Tj ET Q q 0 0 0 rg BT 343.14 174.20 Td (of ) Tj ET Q q 0 0 0 rg BT 351.91 174.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 381.12 174.20 Td (\(June ) Tj ET Q q 0 0 0 rg BT 400.55 174.20 Td (25, ) Tj ET Q q 0 0 0 rg BT 412.66 174.20 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 433.43 174.20 Td (at ) Tj ET Q q 0 0 0 rg BT 441.30 174.20 Td (the ) Tj ET Q q 0 0 0 rg BT 453.18 174.20 Td (option ) Tj ET Q q 0 0 0 rg BT 475.73 174.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.35 174.20 Td (T) Tj ET Q q 0 0 0 rg BT 488.96 174.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 502.91 174.20 Td (W) Tj ET Q q 0 0 0 rg BT 509.82 174.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 528.35 174.20 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 555.78 174.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 164.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.73 164.60 Td (exceptions\) ) Tj ET Q q 0 0 0 rg BT 112.57 164.60 Td (at ) Tj ET Q q 0 0 0 rg BT 120.30 164.60 Td (a ) Tj ET Q q 0 0 0 rg BT 125.82 164.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 162.89 164.60 Td (price ) Tj ET Q q 0 0 0 rg BT 180.84 164.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.47 164.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 205.66 164.60 Td (3.1625, ) Tj ET Q q 0 0 0 rg BT 231.63 164.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 256.25 164.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.44 164.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 301.51 164.60 Td (in ) Tj ET Q q 0 0 0 rg BT 309.70 164.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.43 164.60 Td (event ) Tj ET Q q 0 0 0 rg BT 340.72 164.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.35 164.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 371.31 164.60 Td (issuances ) Tj ET Q q 0 0 0 rg BT 403.49 164.60 Td (at ) Tj ET Q q 0 0 0 rg BT 411.23 164.60 Td (a ) Tj ET Q q 0 0 0 rg BT 416.75 164.60 Td (price ) Tj ET Q q 0 0 0 rg BT 434.70 164.60 Td (per ) Tj ET Q q 0 0 0 rg BT 446.88 164.60 Td (share ) Tj ET Q q 0 0 0 rg BT 465.72 164.60 Td (less ) Tj ET Q q 0 0 0 rg BT 479.69 164.60 Td (than ) Tj ET Q q 0 0 0 rg BT 495.43 164.60 Td (this ) Tj ET Q q 0 0 0 rg BT 508.95 164.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 546.02 164.60 Td (price ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 155.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 84.92 155.00 Td (in ) Tj ET Q q 0 0 0 rg BT 93.17 155.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 117.86 155.00 Td (of ) Tj ET Q q 0 0 0 rg BT 126.56 155.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.37 155.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 167.94 155.00 Td (to ) Tj ET Q q 0 0 0 rg BT 176.20 155.00 Td (be ) Tj ET Q q 0 0 0 rg BT 185.79 155.00 Td (of) Tj ET Q q 0 0 0 rg BT 192.30 155.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 210.77 155.00 Td (in ) Tj ET Q q 0 0 0 rg BT 219.03 155.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 256.16 155.00 Td (with ) Tj ET Q q 0 0 0 rg BT 272.41 155.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.22 155.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 316.47 155.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 356.71 155.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 371.63 155.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 386.55 155.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 395.91 155.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 412.60 155.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.64 155.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 438.22 155.00 Td (25, ) Tj ET Q q 0 0 0 rg BT 450.26 155.00 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 492.44 155.00 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.48 155.00 Td (\)\), ) Tj ET Q q 0 0 0 rg BT 526.84 155.00 Td (on ) Tj ET Q q 0 0 0 rg BT 536.88 155.00 Td (the ) Tj ET Q q 0 0 0 rg BT 548.69 155.00 Td (date ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.40 Td (that ) Tj ET Q q 0 0 0 rg BT 64.01 145.40 Td (is ) Tj ET Q q 0 0 0 rg BT 71.36 145.40 Td (61 ) Tj ET Q q 0 0 0 rg BT 81.37 145.40 Td (days ) Tj ET Q q 0 0 0 rg BT 98.04 145.40 Td (after ) Tj ET Q q 0 0 0 rg BT 114.71 145.40 Td (the ) Tj ET Q q 0 0 0 rg BT 126.49 145.40 Td (earlier ) Tj ET Q q 0 0 0 rg BT 148.93 145.40 Td (of ) Tj ET Q q 0 0 0 rg BT 157.61 145.40 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 168.50 145.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.28 145.40 Td (date ) Tj ET Q q 0 0 0 rg BT 195.62 145.40 Td (on ) Tj ET Q q 0 0 0 rg BT 205.63 145.40 Td (which ) Tj ET Q q 0 0 0 rg BT 227.19 145.40 Td (the ) Tj ET Q q 0 0 0 rg BT 238.98 145.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 274.32 145.40 Td (of ) Tj ET Q q 0 0 0 rg BT 282.99 145.40 Td (our ) Tj ET Q q 0 0 0 rg BT 295.67 145.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.01 145.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.02 145.40 Td (of ) Tj ET Q q 0 0 0 rg BT 365.69 145.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 384.60 145.40 Td (A) Tj ET Q q 0 0 0 rg BT 389.93 145.40 Td ( ) Tj ET Q q 0 0 0 rg BT 391.94 145.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 423.74 145.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 443.97 145.40 Td (by ) Tj ET Q q 0 0 0 rg BT 453.98 145.40 Td (a ) Tj ET Q q 0 0 0 rg BT 459.54 145.40 Td (group ) Tj ET Q q 0 0 0 rg BT 480.22 145.40 Td (would ) Tj ET Q q 0 0 0 rg BT 502.23 145.40 Td (not ) Tj ET Q q 0 0 0 rg BT 514.47 145.40 Td (be ) Tj ET Q q 0 0 0 rg BT 524.03 145.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 548.24 145.40 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.80 Td (49.9% ) Tj ET Q q 0 0 0 rg BT 73.38 135.80 Td (of ) Tj ET Q q 0 0 0 rg BT 82.76 135.80 Td (the ) Tj ET Q q 0 0 0 rg BT 95.25 135.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 135.30 135.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 158.01 135.80 Td (of ) Tj ET Q q 0 0 0 rg BT 167.39 135.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 186.84 135.80 Td (A) Tj ET Q q 0 0 0 rg BT 192.18 135.80 Td ( ) Tj ET Q q 0 0 0 rg BT 194.90 135.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 227.39 135.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 248.33 135.80 Td (and ) Tj ET Q q 0 0 0 rg BT 262.60 135.80 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 274.65 135.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.14 135.80 Td (date ) Tj ET Q q 0 0 0 rg BT 303.18 135.80 Td (on ) Tj ET Q q 0 0 0 rg BT 313.89 135.80 Td (which ) Tj ET Q q 0 0 0 rg BT 336.16 135.80 Td (such ) Tj ET Q q 0 0 0 rg BT 353.54 135.80 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 387.79 135.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 423.84 135.80 Td (would ) Tj ET Q q 0 0 0 rg BT 446.56 135.80 Td (not ) Tj ET Q q 0 0 0 rg BT 459.50 135.80 Td (give ) Tj ET Q q 0 0 0 rg BT 475.99 135.80 Td (to ) Tj ET Q q 0 0 0 rg BT 484.93 135.80 Td (any ) Tj ET Q q 0 0 0 rg BT 499.19 135.80 Td (person ) Tj ET Q q 0 0 0 rg BT 523.24 135.80 Td (any ) Tj ET Q q 0 0 0 rg BT 537.51 135.80 Td (right ) Tj ET Q q 0 0 0 rg BT 555.33 135.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.20 Td (redemption, ) Tj ET Q q 0 0 0 rg BT 90.70 126.20 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 127.61 126.20 Td (or ) Tj ET Q q 0 0 0 rg BT 136.54 126.20 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 177.44 126.20 Td (under ) Tj ET Q q 0 0 0 rg BT 197.92 126.20 Td (any ) Tj ET Q q 0 0 0 rg BT 211.74 126.20 Td (indenture ) Tj ET Q q 0 0 0 rg BT 244.21 126.20 Td (or ) Tj ET Q q 0 0 0 rg BT 253.14 126.20 Td (other ) Tj ET Q q 0 0 0 rg BT 271.85 126.20 Td (document ) Tj ET Q q 0 0 0 rg BT 305.66 126.20 Td (governing ) Tj ET Q q 0 0 0 rg BT 340.36 126.20 Td (any ) Tj ET Q q 0 0 0 rg BT 354.18 126.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.11 126.20 Td (our ) Tj ET Q q 0 0 0 rg BT 376.04 126.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 419.63 126.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 459.23 126.20 Td (as ) Tj ET Q q 0 0 0 rg BT 468.16 126.20 Td (of ) Tj ET Q q 0 0 0 rg BT 477.09 126.20 Td (June ) Tj ET Q q 0 0 0 rg BT 494.02 126.20 Td (25, ) Tj ET Q q 0 0 0 rg BT 506.28 126.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 526.55 126.20 Td ( ) Tj ET Q q 0 0 0 rg BT 528.65 126.20 Td (The ) Tj ET Q q 0 0 0 rg BT 543.35 126.20 Td (initial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 116.60 Td (stated ) Tj ET Q q 0 0 0 rg BT 70.54 116.60 Td (value ) Tj ET Q q 0 0 0 rg BT 89.74 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.29 116.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 114.39 116.60 Td (1,000 ) Tj ET Q q 0 0 0 rg BT 134.27 116.60 Td (per ) Tj ET Q q 0 0 0 rg BT 146.36 116.60 Td (share ) Tj ET Q q 0 0 0 rg BT 165.12 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 173.66 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.32 116.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 206.75 116.60 Td (B ) Tj ET Q q 0 0 0 rg BT 213.96 116.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 245.60 116.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 265.70 116.60 Td (accretes ) Tj ET Q q 0 0 0 rg BT 293.33 116.60 Td (at ) Tj ET Q q 0 0 0 rg BT 300.98 116.60 Td (a ) Tj ET Q q 0 0 0 rg BT 306.41 116.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 320.28 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 328.82 116.60 Td (7.5% ) Tj ET Q q 0 0 0 rg BT 347.37 116.60 Td (per ) Tj ET Q q 0 0 0 rg BT 359.46 116.60 Td (annum, ) Tj ET Q q 0 0 0 rg BT 385.11 116.60 Td (compounded ) Tj ET Q q 0 0 0 rg BT 428.32 116.60 Td (quarterly) Tj ET Q q 0 0 0 rg BT 456.67 116.60 Td (, ) Tj ET Q q 0 0 0 rg BT 460.55 116.60 Td (for ) Tj ET Q q 0 0 0 rg BT 471.76 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 483.41 116.60 Td (first ) Tj ET Q q 0 0 0 rg BT 498.18 116.60 Td (three ) Tj ET Q q 0 0 0 rg BT 516.04 116.60 Td (years ) Tj ET Q q 0 0 0 rg BT 534.80 116.60 Td (from ) Tj ET Q q 0 0 0 rg BT 552.23 116.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 107.00 Td (date ) Tj ET Q q 0 0 0 rg BT 65.32 107.00 Td (of ) Tj ET Q q 0 0 0 rg BT 73.98 107.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 103.08 107.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.63 107.00 Td (3.75% ) Tj ET Q q 0 0 0 rg BT 139.29 107.00 Td (per ) Tj ET Q q 0 0 0 rg BT 151.50 107.00 Td (annum, ) Tj ET Q q 0 0 0 rg BT 177.27 107.00 Td (compounded ) Tj ET Q q 0 0 0 rg BT 220.59 107.00 Td (quarterly) Tj ET Q q 0 0 0 rg BT 248.94 107.00 Td (, ) Tj ET Q q 0 0 0 rg BT 252.94 107.00 Td (for ) Tj ET Q q 0 0 0 rg BT 264.26 107.00 Td (the ) Tj ET Q q 0 0 0 rg BT 276.03 107.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 297.58 107.00 Td (and ) Tj ET Q q 0 0 0 rg BT 311.13 107.00 Td (fifth ) Tj ET Q q 0 0 0 rg BT 326.89 107.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 347.77 107.00 Td ( ) Tj ET Q q 0 0 0 rg BT 349.62 107.00 Td (T) Tj ET Q q 0 0 0 rg BT 354.23 107.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 368.08 107.00 Td (W) Tj ET Q q 0 0 0 rg BT 374.99 107.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 393.41 107.00 Td (has ) Tj ET Q q 0 0 0 rg BT 406.07 107.00 Td (registration ) Tj ET Q q 0 0 0 rg BT 444.50 107.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 464.72 107.00 Td (with ) Tj ET Q q 0 0 0 rg BT 480.94 107.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 505.59 107.00 Td (to ) Tj ET Q q 0 0 0 rg BT 513.81 107.00 Td (all ) Tj ET Q q 0 0 0 rg BT 523.80 107.00 Td (its ) Tj ET Q q 0 0 0 rg BT 533.35 107.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 555.34 107.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 97.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 68.47 97.40 Td (A) Tj ET Q q 0 0 0 rg BT 73.81 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 75.26 97.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 106.49 97.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 126.17 97.40 Td (now ) Tj ET Q q 0 0 0 rg BT 141.40 97.40 Td (held ) Tj ET Q q 0 0 0 rg BT 156.63 97.40 Td (or ) Tj ET Q q 0 0 0 rg BT 164.75 97.40 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 194.62 97.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 223.61 97.40 Td (by ) Tj ET Q q 0 0 0 rg BT 232.96 97.40 Td (T) Tj ET Q q 0 0 0 rg BT 237.57 97.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 250.91 97.40 Td (W) Tj ET Q q 0 0 0 rg BT 257.82 97.40 Td (arner) Tj ET Q q 0 0 0 rg BT 273.81 97.40 Td (. ) Tj ET Q q 0 0 0 rg BT 277.27 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 278.40 97.40 Td (As ) Tj ET Q q 0 0 0 rg BT 288.74 97.40 Td (of ) Tj ET Q q 0 0 0 rg BT 296.86 97.40 Td (December ) Tj ET Q q 0 0 0 rg BT 331.18 97.40 Td (25, ) Tj ET Q q 0 0 0 rg BT 342.64 97.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 362.09 97.40 Td (the ) Tj ET Q q 0 0 0 rg BT 373.32 97.40 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 400.77 97.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 422.22 97.40 Td (of ) Tj ET Q q 0 0 0 rg BT 430.34 97.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 451.34 97.40 Td (B ) Tj ET Q q 0 0 0 rg BT 458.13 97.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 489.34 97.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 509.02 97.40 Td (were ) Tj ET Q q 0 0 0 rg BT 526.02 97.40 Td (convertible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 87.80 Td (into ) Tj ET Q q 0 0 0 rg BT 64.45 87.80 Td (65,641,500 ) Tj ET Q q 0 0 0 rg BT 102.45 87.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 124.44 87.80 Td (of ) Tj ET Q q 0 0 0 rg BT 133.10 87.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 152.00 87.80 Td (A) Tj ET Q q 0 0 0 rg BT 157.33 87.80 Td ( ) Tj ET Q q 0 0 0 rg BT 159.33 87.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 191.11 87.80 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 213.34 87.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 743.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.83 743.50 Td (are ) Tj ET Q q 0 0 0 rg BT 74.96 743.50 Td (party ) Tj ET Q q 0 0 0 rg BT 93.76 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 102.35 743.50 Td (an ) Tj ET Q q 0 0 0 rg BT 112.26 743.50 Td (amended ) Tj ET Q q 0 0 0 rg BT 143.50 743.50 Td (investor ) Tj ET Q q 0 0 0 rg BT 171.64 743.50 Td (rights ) Tj ET Q q 0 0 0 rg BT 192.23 743.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 227.91 743.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 242.71 743.50 Td (Investor ) Tj ET Q q 0 0 0 rg BT 274.84 743.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 297.58 743.50 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 341.70 743.50 Td (with ) Tj ET Q q 0 0 0 rg BT 358.12 743.50 Td (T) Tj ET Q q 0 0 0 rg BT 362.72 743.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 376.91 743.50 Td (W) Tj ET Q q 0 0 0 rg BT 383.82 743.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 402.62 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 416.53 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 428.67 743.50 Td (other ) Tj ET Q q 0 0 0 rg BT 447.47 743.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 471.16 743.50 Td (thereto ) Tj ET Q q 0 0 0 rg BT 495.74 743.50 Td (under ) Tj ET Q q 0 0 0 rg BT 516.32 743.50 Td (which, ) Tj ET Q q 0 0 0 rg BT 540.24 743.50 Td (among ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (other ) Tj ET Q q 0 0 0 rg BT 68.33 733.90 Td (things, ) Tj ET Q q 0 0 0 rg BT 91.64 733.90 Td (T) Tj ET Q q 0 0 0 rg BT 96.25 733.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 110.00 733.90 Td (W) Tj ET Q q 0 0 0 rg BT 116.91 733.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 135.23 733.90 Td (was ) Tj ET Q q 0 0 0 rg BT 149.56 733.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 175.44 733.90 Td (a ) Tj ET Q q 0 0 0 rg BT 180.88 733.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 218.30 733.90 Td (preemptive ) Tj ET Q q 0 0 0 rg BT 256.18 733.90 Td (right ) Tj ET Q q 0 0 0 rg BT 273.18 733.90 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 300.39 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 308.51 733.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 332.16 733.90 Td (exclusions\) ) Tj ET Q q 0 0 0 rg BT 370.49 733.90 Td (with ) Tj ET Q q 0 0 0 rg BT 386.60 733.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 411.14 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 419.26 733.90 Td (issuances ) Tj ET Q q 0 0 0 rg BT 451.36 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.92 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.58 733.90 Td (Company) Tj ET Q q 0 0 0 rg BT 504.91 733.90 Td (s ) Tj ET Q q 0 0 0 rg BT 509.92 733.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 531.80 733.90 Td (securities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (that ) Tj ET Q q 0 0 0 rg BT 64.61 724.30 Td (applies ) Tj ET Q q 0 0 0 rg BT 89.88 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 98.71 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 111.10 724.30 Td (issuance ) Tj ET Q q 0 0 0 rg BT 140.81 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 150.09 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 162.47 724.30 Td (Units ) Tj ET Q q 0 0 0 rg BT 182.42 724.30 Td (in ) Tj ET Q q 0 0 0 rg BT 191.25 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.64 724.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 227.14 724.30 Td (Of) Tj ET Q q 0 0 0 rg BT 235.44 724.30 Td (fering. ) Tj ET Q q 0 0 0 rg BT 259.15 724.30 Td ( ) Tj ET Q q 0 0 0 rg BT 261.58 724.30 Td (W) Tj ET Q q 0 0 0 rg BT 268.49 724.30 Td (e ) Tj ET Q q 0 0 0 rg BT 274.65 724.30 Td (have ) Tj ET Q q 0 0 0 rg BT 292.36 724.30 Td (executed ) Tj ET Q q 0 0 0 rg BT 323.40 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 335.78 724.30 Td (Framework ) Tj ET Q q 0 0 0 rg BT 374.70 724.30 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 414.85 724.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 445.01 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 453.84 724.30 Td (which ) Tj ET Q q 0 0 0 rg BT 476.00 724.30 Td (we ) Tj ET Q q 0 0 0 rg BT 487.94 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 501.92 724.30 Td (T) Tj ET Q q 0 0 0 rg BT 506.52 724.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 520.94 724.30 Td (W) Tj ET Q q 0 0 0 rg BT 527.85 724.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 546.89 724.30 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (committed, ) Tj ET Q q 0 0 0 rg BT 88.85 714.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 114.15 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 123.01 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.42 714.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 155.83 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 170.02 714.70 Td (conditions ) Tj ET Q q 0 0 0 rg BT 205.99 714.70 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 233.28 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 242.14 714.70 Td (undertake ) Tj ET Q q 0 0 0 rg BT 276.32 714.70 Td (a ) Tj ET Q q 0 0 0 rg BT 282.51 714.70 Td (series ) Tj ET Q q 0 0 0 rg BT 303.36 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 312.66 714.70 Td (related ) Tj ET Q q 0 0 0 rg BT 337.06 714.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 369.91 714.70 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 412.76 714.70 Td (including ) Tj ET Q q 0 0 0 rg BT 445.61 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 458.03 714.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 481.56 714.70 Td (Of) Tj ET Q q 0 0 0 rg BT 489.85 714.70 Td (fering. ) Tj ET Q q 0 0 0 rg BT 513.59 714.70 Td (\(For ) Tj ET Q q 0 0 0 rg BT 530.01 714.70 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (information ) Tj ET Q q 0 0 0 rg BT 89.77 705.10 Td (on ) Tj ET Q q 0 0 0 rg BT 99.77 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.54 705.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 143.75 705.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 185.96 705.10 Td (see ) Tj ET Q q 0 0 0 rg BT 198.18 705.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 213.07 705.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 222.39 705.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 239.05 705.10 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.05 705.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 264.61 705.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 276.61 705.10 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 318.76 705.10 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.80 705.10 Td (.\) ) Tj ET Q q 0 0 0 rg BT 350.46 705.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.46 705.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.63 689.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 82.83 689.50 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 122.79 689.50 Td (Notes ) Tj ET Q q 0 0 0 rg BT 143.65 689.50 Td (are ) Tj ET Q q 0 0 0 rg BT 155.61 689.50 Td (convertible ) Tj ET Q q 0 0 0 rg BT 193.79 689.50 Td (into ) Tj ET Q q 0 0 0 rg BT 208.43 689.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.62 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 239.48 689.50 Td (our ) Tj ET Q q 0 0 0 rg BT 252.34 689.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 271.39 689.50 Td (A) Tj ET Q q 0 0 0 rg BT 276.72 689.50 Td ( ) Tj ET Q q 0 0 0 rg BT 278.92 689.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 310.89 689.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 331.31 689.50 Td (and ) Tj ET Q q 0 0 0 rg BT 345.06 689.50 Td (mature ) Tj ET Q q 0 0 0 rg BT 369.46 689.50 Td (on ) Tj ET Q q 0 0 0 rg BT 379.66 689.50 Td (November ) Tj ET Q q 0 0 0 rg BT 415.62 689.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 427.82 689.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 448.01 689.50 Td ( ) Tj ET Q q 0 0 0 rg BT 450.21 689.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 468.40 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 476.34 689.50 Td (August ) Tj ET Q q 0 0 0 rg BT 501.64 689.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 513.84 689.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 534.04 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 546.00 689.50 Td (2015 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.90 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 89.23 679.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.36 679.90 Td (will ) Tj ET Q q 0 0 0 rg BT 123.26 679.90 Td (be ) Tj ET Q q 0 0 0 rg BT 132.27 679.90 Td (convertible ) Tj ET Q q 0 0 0 rg BT 169.72 679.90 Td (following ) Tj ET Q q 0 0 0 rg BT 202.29 679.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 225.51 679.90 Td (events ) Tj ET Q q 0 0 0 rg BT 247.41 679.90 Td (and ) Tj ET Q q 0 0 0 rg BT 260.42 679.90 Td (from ) Tj ET Q q 0 0 0 rg BT 277.43 679.90 Td (that ) Tj ET Q q 0 0 0 rg BT 290.89 679.90 Td (date ) Tj ET Q q 0 0 0 rg BT 305.68 679.90 Td (at ) Tj ET Q q 0 0 0 rg BT 312.91 679.90 Td (any ) Tj ET Q q 0 0 0 rg BT 325.92 679.90 Td (time ) Tj ET Q q 0 0 0 rg BT 341.60 679.90 Td (to ) Tj ET Q q 0 0 0 rg BT 349.29 679.90 Td (November ) Tj ET Q q 0 0 0 rg BT 384.51 679.90 Td (15, ) Tj ET Q q 0 0 0 rg BT 395.97 679.90 Td (2015. ) Tj ET Q q 0 0 0 rg BT 415.43 679.90 Td ( ) Tj ET Q q 0 0 0 rg BT 416.89 679.90 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 460.34 679.90 Td (there ) Tj ET Q q 0 0 0 rg BT 477.79 679.90 Td (are ) Tj ET Q q 0 0 0 rg BT 489.02 679.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 522.47 679.90 Td (unregistered ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.30 Td (or ) Tj ET Q q 0 0 0 rg BT 58.52 670.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 90.14 670.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 111.99 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 120.51 670.30 Td (our ) Tj ET Q q 0 0 0 rg BT 133.03 670.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 151.81 670.30 Td (A) Tj ET Q q 0 0 0 rg BT 157.15 670.30 Td ( ) Tj ET Q q 0 0 0 rg BT 159.00 670.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 190.64 670.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 210.72 670.30 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 251.91 670.30 Td (as ) Tj ET Q q 0 0 0 rg BT 260.43 670.30 Td (well ) Tj ET Q q 0 0 0 rg BT 276.06 670.30 Td (as ) Tj ET Q q 0 0 0 rg BT 284.58 670.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 316.65 670.30 Td (convertible ) Tj ET Q q 0 0 0 rg BT 354.49 670.30 Td (into ) Tj ET Q q 0 0 0 rg BT 368.79 670.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 390.64 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 670.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 417.94 670.30 Td (A) Tj ET Q q 0 0 0 rg BT 423.28 670.30 Td ( ) Tj ET Q q 0 0 0 rg BT 425.13 670.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 456.77 670.30 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 478.85 670.30 Td (that ) Tj ET Q q 0 0 0 rg BT 492.70 670.30 Td (may ) Tj ET Q q 0 0 0 rg BT 508.33 670.30 Td (enter ) Tj ET Q q 0 0 0 rg BT 526.18 670.30 Td (the ) Tj ET Q q 0 0 0 rg BT 537.81 670.30 Td (market. ) Tj ET Q q 0 0 0 rg BT 564.02 670.30 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 660.70 Td (e ) Tj ET Q q 0 0 0 rg BT 62.03 660.70 Td (cannot ) Tj ET Q q 0 0 0 rg BT 84.91 660.70 Td (predict ) Tj ET Q q 0 0 0 rg BT 108.69 660.70 Td (what ) Tj ET Q q 0 0 0 rg BT 125.80 660.70 Td (ef) Tj ET Q q 0 0 0 rg BT 131.88 660.70 Td (fect, ) Tj ET Q q 0 0 0 rg BT 147.43 660.70 Td (if ) Tj ET Q q 0 0 0 rg BT 153.88 660.70 Td (any) Tj ET Q q 0 0 0 rg BT 164.91 660.70 Td (, ) Tj ET Q q 0 0 0 rg BT 168.47 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 179.81 660.70 Td (entry ) Tj ET Q q 0 0 0 rg BT 197.81 660.70 Td (into ) Tj ET Q q 0 0 0 rg BT 211.82 660.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 236.05 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 244.28 660.70 Td (previously ) Tj ET Q q 0 0 0 rg BT 279.62 660.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 301.18 660.70 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 342.28 660.70 Td (or ) Tj ET Q q 0 0 0 rg BT 350.51 660.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 381.84 660.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 403.39 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 411.62 660.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 430.18 660.70 Td (A) Tj ET Q q 0 0 0 rg BT 435.51 660.70 Td ( ) Tj ET Q q 0 0 0 rg BT 437.08 660.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 468.42 660.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 488.21 660.70 Td (will ) Tj ET Q q 0 0 0 rg BT 502.22 660.70 Td (have ) Tj ET Q q 0 0 0 rg BT 518.89 660.70 Td (on ) Tj ET Q q 0 0 0 rg BT 528.45 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 660.70 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.10 Td (price ) Tj ET Q q 0 0 0 rg BT 68.00 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.67 651.10 Td (our ) Tj ET Q q 0 0 0 rg BT 89.34 651.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 113.34 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.20 651.10 Td (W) Tj ET Q q 0 0 0 rg BT 122.11 651.10 Td (e ) Tj ET Q q 0 0 0 rg BT 127.67 651.10 Td (may ) Tj ET Q q 0 0 0 rg BT 143.45 651.10 Td (also ) Tj ET Q q 0 0 0 rg BT 158.35 651.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 176.35 651.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 210.35 651.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 232.36 651.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.03 651.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 284.36 651.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 322.35 651.10 Td (into ) Tj ET Q q 0 0 0 rg BT 336.81 651.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.48 651.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 371.48 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.71 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.50 651.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 414.60 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.61 651.10 Td (If ) Tj ET Q q 0 0 0 rg BT 423.95 651.10 Td (more ) Tj ET Q q 0 0 0 rg BT 442.39 651.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.39 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.07 651.10 Td (our ) Tj ET Q q 0 0 0 rg BT 485.74 651.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 504.64 651.10 Td (A) Tj ET Q q 0 0 0 rg BT 509.97 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.98 651.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 543.77 651.10 Td (Stock ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.50 Td (\(or ) Tj ET Q q 0 0 0 rg BT 60.98 641.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 92.84 641.50 Td (convertible ) Tj ET Q q 0 0 0 rg BT 130.47 641.50 Td (into ) Tj ET Q q 0 0 0 rg BT 144.56 641.50 Td (or ) Tj ET Q q 0 0 0 rg BT 152.88 641.50 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 198.05 641.50 Td (for ) Tj ET Q q 0 0 0 rg BT 209.03 641.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.67 641.50 Td (of ) Tj ET Q q 0 0 0 rg BT 238.98 641.50 Td (our ) Tj ET Q q 0 0 0 rg BT 251.29 641.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 269.91 641.50 Td (A) Tj ET Q q 0 0 0 rg BT 275.25 641.50 Td ( ) Tj ET Q q 0 0 0 rg BT 276.90 641.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 308.33 641.50 Td (Stock\) ) Tj ET Q q 0 0 0 rg BT 330.86 641.50 Td (are ) Tj ET Q q 0 0 0 rg BT 342.28 641.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 363.93 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 371.68 641.50 Td (T) Tj ET Q q 0 0 0 rg BT 376.28 641.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 389.81 641.50 Td (W) Tj ET Q q 0 0 0 rg BT 396.72 641.50 Td (arner) Tj ET Q q 0 0 0 rg BT 412.83 641.50 Td (, ) Tj ET Q q 0 0 0 rg BT 416.48 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 427.90 641.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 460.64 641.50 Td (interests ) Tj ET Q q 0 0 0 rg BT 488.95 641.50 Td (of ) Tj ET Q q 0 0 0 rg BT 497.27 641.50 Td (current ) Tj ET Q q 0 0 0 rg BT 521.57 641.50 Td (shareholders ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 631.90 Td (may ) Tj ET Q q 0 0 0 rg BT 65.77 631.90 Td (be ) Tj ET Q q 0 0 0 rg BT 75.32 631.90 Td (diluted ) Tj ET Q q 0 0 0 rg BT 99.54 631.90 Td (and ) Tj ET Q q 0 0 0 rg BT 113.09 631.90 Td (the ) Tj ET Q q 0 0 0 rg BT 124.87 631.90 Td (price ) Tj ET Q q 0 0 0 rg BT 142.86 631.90 Td (of ) Tj ET Q q 0 0 0 rg BT 151.52 631.90 Td (our ) Tj ET Q q 0 0 0 rg BT 164.18 631.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 186.18 631.90 Td (may ) Tj ET Q q 0 0 0 rg BT 201.95 631.90 Td (be ) Tj ET Q q 0 0 0 rg BT 211.50 631.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 244.15 631.90 Td (af) Tj ET Q q 0 0 0 rg BT 250.22 631.90 Td (fected. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 613.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.89 613.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 94.45 613.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.11 613.30 Td (our ) Tj ET Q q 0 0 0 rg BT 116.67 613.30 Td (controlling ) Tj ET Q q 0 0 0 rg BT 155.13 613.30 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 199.80 613.30 Td (may ) Tj ET Q q 0 0 0 rg BT 215.57 613.30 Td (conflict ) Tj ET Q q 0 0 0 rg BT 242.46 613.30 Td (with ) Tj ET Q q 0 0 0 rg BT 258.69 613.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.91 613.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 300.47 613.30 Td (of ) Tj ET Q q 0 0 0 rg BT 309.13 613.30 Td (other ) Tj ET Q q 0 0 0 rg BT 328.47 613.30 Td (shareholders.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 597.70 Td (Following ) Tj ET Q q 0 0 0 rg BT 85.22 597.70 Td (the ) Tj ET Q q 0 0 0 rg BT 97.32 597.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 136.53 597.70 Td (of ) Tj ET Q q 0 0 0 rg BT 145.52 597.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.62 597.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 180.39 597.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 216.03 597.70 Td (in ) Tj ET Q q 0 0 0 rg BT 224.57 597.70 Td (June ) Tj ET Q q 0 0 0 rg BT 241.56 597.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 261.72 597.70 Td (T) Tj ET Q q 0 0 0 rg BT 266.33 597.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 280.48 597.70 Td (W) Tj ET Q q 0 0 0 rg BT 287.39 597.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 306.15 597.70 Td (is ) Tj ET Q q 0 0 0 rg BT 313.81 597.70 Td (able ) Tj ET Q q 0 0 0 rg BT 329.46 597.70 Td (to ) Tj ET Q q 0 0 0 rg BT 338.01 597.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 366.54 597.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 389.31 597.70 Td (power ) Tj ET Q q 0 0 0 rg BT 411.63 597.70 Td (in ) Tj ET Q q 0 0 0 rg BT 420.18 597.70 Td (us ) Tj ET Q q 0 0 0 rg BT 429.62 597.70 Td (with ) Tj ET Q q 0 0 0 rg BT 446.17 597.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 471.14 597.70 Td (to ) Tj ET Q q 0 0 0 rg BT 479.69 597.70 Td (49.6% ) Tj ET Q q 0 0 0 rg BT 502.68 597.70 Td (of ) Tj ET Q q 0 0 0 rg BT 511.67 597.70 Td (our ) Tj ET Q q 0 0 0 rg BT 524.66 597.70 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.28 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.22 588.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 97.56 588.10 Td (A) Tj ET Q q 0 0 0 rg BT 102.90 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.18 588.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 135.25 588.10 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 156.75 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.75 588.10 Td (As ) Tj ET Q q 0 0 0 rg BT 167.93 588.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 185.79 588.10 Td (T) Tj ET Q q 0 0 0 rg BT 190.39 588.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 203.58 588.10 Td (W) Tj ET Q q 0 0 0 rg BT 210.49 588.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 228.20 588.10 Td (is ) Tj ET Q q 0 0 0 rg BT 234.82 588.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.33 588.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.16 588.10 Td (position ) Tj ET Q q 0 0 0 rg BT 274.23 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.74 588.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 309.22 588.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 344.28 588.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 375.32 588.10 Td (over ) Tj ET Q q 0 0 0 rg BT 390.82 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.88 588.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 430.71 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.66 588.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 470.15 588.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 494.09 588.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 524.70 588.10 Td (shareholder ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 578.50 Td (approval, ) Tj ET Q q 0 0 0 rg BT 82.21 578.50 Td (such ) Tj ET Q q 0 0 0 rg BT 99.10 578.50 Td (as ) Tj ET Q q 0 0 0 rg BT 107.98 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 119.98 578.50 Td (election ) Tj ET Q q 0 0 0 rg BT 147.52 578.50 Td (of ) Tj ET Q q 0 0 0 rg BT 156.41 578.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 186.62 578.50 Td (or ) Tj ET Q q 0 0 0 rg BT 195.51 578.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 219.49 578.50 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 261.93 578.50 Td (including ) Tj ET Q q 0 0 0 rg BT 294.37 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.36 578.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 346.80 578.50 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 392.11 578.50 Td (by ) Tj ET Q q 0 0 0 rg BT 402.34 578.50 Td (the ) Tj ET Q q 0 0 0 rg BT 414.33 578.50 Td (Framework ) Tj ET Q q 0 0 0 rg BT 452.94 578.50 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 492.70 578.50 Td (Immediately ) Tj ET Q q 0 0 0 rg BT 535.36 578.50 Td (after ) Tj ET Q q 0 0 0 rg BT 552.23 578.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 568.90 Td (issuance ) Tj ET Q q 0 0 0 rg BT 78.54 568.90 Td (of ) Tj ET Q q 0 0 0 rg BT 86.65 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.76 568.90 Td (TW) Tj ET Q q 0 0 0 rg BT 110.06 568.90 Td ( ) Tj ET Q q 0 0 0 rg BT 111.50 568.90 Td (Initial ) Tj ET Q q 0 0 0 rg BT 131.95 568.90 Td (W) Tj ET Q q 0 0 0 rg BT 138.86 568.90 Td (arrant ) Tj ET Q q 0 0 0 rg BT 158.95 568.90 Td (to ) Tj ET Q q 0 0 0 rg BT 166.51 568.90 Td (T) Tj ET Q q 0 0 0 rg BT 171.12 568.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 184.45 568.90 Td (W) Tj ET Q q 0 0 0 rg BT 191.36 568.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 209.24 568.90 Td (in ) Tj ET Q q 0 0 0 rg BT 216.90 568.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 253.44 568.90 Td (with ) Tj ET Q q 0 0 0 rg BT 269.11 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 280.33 568.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 319.98 568.90 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 364.52 568.90 Td (by ) Tj ET Q q 0 0 0 rg BT 373.96 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 385.18 568.90 Td (Framework ) Tj ET Q q 0 0 0 rg BT 423.18 568.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 462.16 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 473.38 568.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 505.91 568.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 538.46 568.90 Td (interest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.75 559.30 Td (T) Tj ET Q q 0 0 0 rg BT 63.35 559.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 77.43 559.30 Td (W) Tj ET Q q 0 0 0 rg BT 84.34 559.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 103.02 559.30 Td (in ) Tj ET Q q 0 0 0 rg BT 111.49 559.30 Td (us ) Tj ET Q q 0 0 0 rg BT 120.85 559.30 Td (will ) Tj ET Q q 0 0 0 rg BT 135.54 559.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 163.99 559.30 Td (from ) Tj ET Q q 0 0 0 rg BT 181.79 559.30 Td (65.0%, ) Tj ET Q q 0 0 0 rg BT 206.70 559.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 248.94 559.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 266.74 559.30 Td (to ) Tj ET Q q 0 0 0 rg BT 275.21 559.30 Td (the ) Tj ET Q q 0 0 0 rg BT 287.23 559.30 Td (execution ) Tj ET Q q 0 0 0 rg BT 320.57 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 329.48 559.30 Td (the ) Tj ET Q q 0 0 0 rg BT 341.50 559.30 Td (Framework ) Tj ET Q q 0 0 0 rg BT 380.13 559.30 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 419.92 559.30 Td (to ) Tj ET Q q 0 0 0 rg BT 428.39 559.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 476.84 559.30 Td (70%, ) Tj ET Q q 0 0 0 rg BT 495.75 559.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 537.99 559.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 555.79 559.30 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.66 549.70 Td (closing ) Tj ET Q q 0 0 0 rg BT 86.66 549.70 Td (of ) Tj ET Q q 0 0 0 rg BT 95.22 549.70 Td (the ) Tj ET Q q 0 0 0 rg BT 106.88 549.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 129.66 549.70 Td (Of) Tj ET Q q 0 0 0 rg BT 137.96 549.70 Td (fering. ) Tj ET Q q 0 0 0 rg BT 160.95 549.70 Td ( ) Tj ET Q q 0 0 0 rg BT 162.84 549.70 Td (If ) Tj ET Q q 0 0 0 rg BT 170.06 549.70 Td (no ) Tj ET Q q 0 0 0 rg BT 179.95 549.70 Td (other ) Tj ET Q q 0 0 0 rg BT 198.28 549.70 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 240.59 549.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 268.69 549.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 291.47 549.70 Td (in ) Tj ET Q q 0 0 0 rg BT 299.58 549.70 Td (the ) Tj ET Q q 0 0 0 rg BT 311.25 549.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 334.03 549.70 Td (Of) Tj ET Q q 0 0 0 rg BT 342.33 549.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 365.32 549.70 Td (the ) Tj ET Q q 0 0 0 rg BT 376.98 549.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 409.96 549.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 438.51 549.70 Td (in ) Tj ET Q q 0 0 0 rg BT 446.62 549.70 Td (our ) Tj ET Q q 0 0 0 rg BT 459.18 549.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 477.99 549.70 Td (A) Tj ET Q q 0 0 0 rg BT 483.32 549.70 Td ( ) Tj ET Q q 0 0 0 rg BT 485.21 549.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 516.88 549.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 537.00 549.70 Td (of ) Tj ET Q q 0 0 0 rg BT 545.41 549.70 Td (T) Tj ET Q q 0 0 0 rg BT 550.02 549.70 Td (ime ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 540.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 74.85 540.10 Td (following ) Tj ET Q q 0 0 0 rg BT 107.48 540.10 Td (its ) Tj ET Q q 0 0 0 rg BT 116.55 540.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 146.50 540.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.67 540.10 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 185.96 540.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 204.81 540.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 233.88 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.62 540.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.90 540.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 282.96 540.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 320.02 540.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.98 540.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.69 540.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.43 540.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 417.15 540.10 Td (78.5% ) Tj ET Q q 0 0 0 rg BT 439.33 540.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.85 540.10 Td (a ) Tj ET Q q 0 0 0 rg BT 453.91 540.10 Td (fully-diluted ) Tj ET Q q 0 0 0 rg BT 495.42 540.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 512.93 540.10 Td (\(without ) Tj ET Q q 0 0 0 rg BT 541.56 540.10 Td (giving ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.50 Td (ef) Tj ET Q q 0 0 0 rg BT 56.07 530.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 70.19 530.50 Td (to ) Tj ET Q q 0 0 0 rg BT 78.54 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.44 530.50 Td (accretion ) Tj ET Q q 0 0 0 rg BT 121.88 530.50 Td (of ) Tj ET Q q 0 0 0 rg BT 130.67 530.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.57 530.50 Td (Series ) Tj ET Q q 0 0 0 rg BT 164.24 530.50 Td (B ) Tj ET Q q 0 0 0 rg BT 171.71 530.50 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 203.59 530.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 223.94 530.50 Td (after ) Tj ET Q q 0 0 0 rg BT 240.72 530.50 Td (December ) Tj ET Q q 0 0 0 rg BT 275.71 530.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 287.84 530.50 Td (2013\). ) Tj ET Q q 0 0 0 rg BT 310.63 530.50 Td ( ) Tj ET Q q 0 0 0 rg BT 312.76 530.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 334.88 530.50 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 366.33 530.50 Td (law) Tj ET Q q 0 0 0 rg BT 377.36 530.50 Td (, ) Tj ET Q q 0 0 0 rg BT 381.49 530.50 Td (there ) Tj ET Q q 0 0 0 rg BT 399.60 530.50 Td (is ) Tj ET Q q 0 0 0 rg BT 407.07 530.50 Td (no ) Tj ET Q q 0 0 0 rg BT 417.19 530.50 Td (takeover ) Tj ET Q q 0 0 0 rg BT 446.86 530.50 Td (code ) Tj ET Q q 0 0 0 rg BT 464.09 530.50 Td (or ) Tj ET Q q 0 0 0 rg BT 472.88 530.50 Td (similar ) Tj ET Q q 0 0 0 rg BT 497.22 530.50 Td (legislation ) Tj ET Q q 0 0 0 rg BT 532.68 530.50 Td (requiring ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 520.90 Td (an ) Tj ET Q q 0 0 0 rg BT 59.85 520.90 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 88.35 520.90 Td (of ) Tj ET Q q 0 0 0 rg BT 97.32 520.90 Td (a ) Tj ET Q q 0 0 0 rg BT 103.17 520.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 127.23 520.90 Td (percentage ) Tj ET Q q 0 0 0 rg BT 164.17 520.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.13 520.90 Td (our ) Tj ET Q q 0 0 0 rg BT 186.10 520.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 205.23 520.90 Td (A) Tj ET Q q 0 0 0 rg BT 210.56 520.90 Td ( ) Tj ET Q q 0 0 0 rg BT 212.86 520.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 244.94 520.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 265.46 520.90 Td (to ) Tj ET Q q 0 0 0 rg BT 273.99 520.90 Td (tender ) Tj ET Q q 0 0 0 rg BT 296.28 520.90 Td (for ) Tj ET Q q 0 0 0 rg BT 307.90 520.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.98 520.90 Td (remaining ) Tj ET Q q 0 0 0 rg BT 354.71 520.90 Td (publically ) Tj ET Q q 0 0 0 rg BT 389.00 520.90 Td (held ) Tj ET Q q 0 0 0 rg BT 405.08 520.90 Td (shares. ) Tj ET Q q 0 0 0 rg BT 429.37 520.90 Td ( ) Tj ET Q q 0 0 0 rg BT 431.67 520.90 Td (In ) Tj ET Q q 0 0 0 rg BT 440.63 520.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 464.69 520.90 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 514.30 520.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.38 520.90 Td (interests ) Tj ET Q q 0 0 0 rg BT 555.34 520.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.30 Td (T) Tj ET Q q 0 0 0 rg BT 54.61 511.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 68.46 511.30 Td (W) Tj ET Q q 0 0 0 rg BT 75.37 511.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 93.80 511.30 Td (as ) Tj ET Q q 0 0 0 rg BT 102.46 511.30 Td (controlling ) Tj ET Q q 0 0 0 rg BT 139.57 511.30 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 178.88 511.30 Td (could ) Tj ET Q q 0 0 0 rg BT 198.66 511.30 Td (be ) Tj ET Q q 0 0 0 rg BT 208.21 511.30 Td (in ) Tj ET Q q 0 0 0 rg BT 216.43 511.30 Td (conflict ) Tj ET Q q 0 0 0 rg BT 242.86 511.30 Td (with ) Tj ET Q q 0 0 0 rg BT 259.09 511.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.86 511.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 299.52 511.30 Td (of ) Tj ET Q q 0 0 0 rg BT 308.18 511.30 Td (minority ) Tj ET Q q 0 0 0 rg BT 337.74 511.30 Td (shareholders.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 492.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.89 492.70 Td (price ) Tj ET Q q 0 0 0 rg BT 83.32 492.70 Td (of ) Tj ET Q q 0 0 0 rg BT 91.99 492.70 Td (our ) Tj ET Q q 0 0 0 rg BT 105.55 492.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 125.04 492.70 Td (A) Tj ET Q q 0 0 0 rg BT 129.93 492.70 Td ( ) Tj ET Q q 0 0 0 rg BT 131.93 492.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 164.16 492.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 184.39 492.70 Td (is ) Tj ET Q q 0 0 0 rg BT 191.72 492.70 Td (likely ) Tj ET Q q 0 0 0 rg BT 211.49 492.70 Td (to ) Tj ET Q q 0 0 0 rg BT 219.71 492.70 Td (remain ) Tj ET Q q 0 0 0 rg BT 245.27 492.70 Td (volatile.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.48 477.10 Td (market ) Tj ET Q q 0 0 0 rg BT 88.73 477.10 Td (price ) Tj ET Q q 0 0 0 rg BT 106.76 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.46 477.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 137.49 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.20 477.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.90 477.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 177.83 477.10 Td (A) Tj ET Q q 0 0 0 rg BT 183.16 477.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.20 477.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 217.02 477.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 237.29 477.10 Td (may ) Tj ET Q q 0 0 0 rg BT 253.10 477.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.69 477.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 298.49 477.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.53 477.10 Td (many ) Tj ET Q q 0 0 0 rg BT 328.35 477.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 354.15 477.10 Td (some ) Tj ET Q q 0 0 0 rg BT 373.08 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.78 477.10 Td (which ) Tj ET Q q 0 0 0 rg BT 403.37 477.10 Td (are ) Tj ET Q q 0 0 0 rg BT 415.18 477.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 440.77 477.10 Td (our ) Tj ET Q q 0 0 0 rg BT 453.47 477.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 480.17 477.10 Td (including ) Tj ET Q q 0 0 0 rg BT 512.43 477.10 Td (those ) Tj ET Q q 0 0 0 rg BT 531.36 477.10 Td (described ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.50 Td (above ) Tj ET Q q 0 0 0 rg BT 71.01 467.50 Td (under ) Tj ET Q q 0 0 0 rg BT 91.13 467.50 Td (Risks ) Tj ET Q q 0 0 0 rg BT 114.37 467.50 Td (Relating ) Tj ET Q q 0 0 0 rg BT 143.38 467.50 Td (to ) Tj ET Q q 0 0 0 rg BT 151.51 467.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 165.85 467.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 206.41 467.50 Td (as ) Tj ET Q q 0 0 0 rg BT 214.98 467.50 Td (well ) Tj ET Q q 0 0 0 rg BT 230.66 467.50 Td (as ) Tj ET Q q 0 0 0 rg BT 239.23 467.50 Td (the ) Tj ET Q q 0 0 0 rg BT 250.91 467.50 Td (following: ) Tj ET Q q 0 0 0 rg BT 286.14 467.50 Td (general ) Tj ET Q q 0 0 0 rg BT 311.59 467.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 344.59 467.50 Td (and ) Tj ET Q q 0 0 0 rg BT 358.05 467.50 Td (business ) Tj ET Q q 0 0 0 rg BT 387.07 467.50 Td (trends, ) Tj ET Q q 0 0 0 rg BT 410.52 467.50 Td (variations ) Tj ET Q q 0 0 0 rg BT 443.97 467.50 Td (in ) Tj ET Q q 0 0 0 rg BT 452.10 467.50 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 482.88 467.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 515.00 467.50 Td (results, ) Tj ET Q q 0 0 0 rg BT 539.79 467.50 Td (license ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.90 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 82.22 457.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 116.89 457.90 Td (developments ) Tj ET Q q 0 0 0 rg BT 163.12 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 171.14 457.90 Td (our ) Tj ET Q q 0 0 0 rg BT 183.60 457.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.61 457.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 246.72 457.90 Td (and ) Tj ET Q q 0 0 0 rg BT 260.07 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.64 457.90 Td (European ) Tj ET Q q 0 0 0 rg BT 304.09 457.90 Td (Union, ) Tj ET Q q 0 0 0 rg BT 327.88 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 339.45 457.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 371.46 457.90 Td (of ) Tj ET Q q 0 0 0 rg BT 379.92 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 391.49 457.90 Td (media ) Tj ET Q q 0 0 0 rg BT 412.83 457.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 440.85 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 448.87 457.90 Td (our ) Tj ET Q q 0 0 0 rg BT 461.33 457.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 493.33 457.90 Td (countries, ) Tj ET Q q 0 0 0 rg BT 526.45 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 538.02 457.90 Td (volume ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.62 448.30 Td (trading ) Tj ET Q q 0 0 0 rg BT 83.23 448.30 Td (in ) Tj ET Q q 0 0 0 rg BT 91.41 448.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 113.36 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 121.97 448.30 Td (our ) Tj ET Q q 0 0 0 rg BT 134.59 448.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 153.45 448.30 Td (A) Tj ET Q q 0 0 0 rg BT 158.79 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 160.74 448.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 192.48 448.30 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 214.65 448.30 Td (future ) Tj ET Q q 0 0 0 rg BT 235.71 448.30 Td (issuances ) Tj ET Q q 0 0 0 rg BT 267.88 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 276.50 448.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 298.44 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 307.06 448.30 Td (our ) Tj ET Q q 0 0 0 rg BT 319.68 448.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 338.54 448.30 Td (A) Tj ET Q q 0 0 0 rg BT 343.87 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 345.83 448.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 377.56 448.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 397.74 448.30 Td (and ) Tj ET Q q 0 0 0 rg BT 411.24 448.30 Td (investors) Tj ET Q q 0 0 0 rg BT 442.20 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 444.16 448.30 Td (and ) Tj ET Q q 0 0 0 rg BT 457.66 448.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 489.83 448.30 Td (analysts) Tj ET Q q 0 0 0 rg BT 517.67 448.30 Td ( ) Tj ET Q q 0 0 0 rg BT 519.62 448.30 Td (perception ) Tj ET Q q 0 0 0 rg BT 555.34 448.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 438.70 Td (us ) Tj ET Q q 0 0 0 rg BT 59.24 438.70 Td (and ) Tj ET Q q 0 0 0 rg BT 72.93 438.70 Td (other ) Tj ET Q q 0 0 0 rg BT 91.49 438.70 Td (companies ) Tj ET Q q 0 0 0 rg BT 127.84 438.70 Td (that ) Tj ET Q q 0 0 0 rg BT 141.96 438.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 172.98 438.70 Td (or ) Tj ET Q q 0 0 0 rg BT 181.78 438.70 Td (securities ) Tj ET Q q 0 0 0 rg BT 214.12 438.70 Td (analysts ) Tj ET Q q 0 0 0 rg BT 242.02 438.70 Td (deem ) Tj ET Q q 0 0 0 rg BT 261.48 438.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 300.92 438.70 Td (in ) Tj ET Q q 0 0 0 rg BT 309.27 438.70 Td (the ) Tj ET Q q 0 0 0 rg BT 321.18 438.70 Td (television ) Tj ET Q q 0 0 0 rg BT 354.41 438.70 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 397.42 438.70 Td (industry) Tj ET Q q 0 0 0 rg BT 423.12 438.70 Td (. ) Tj ET Q q 0 0 0 rg BT 427.25 438.70 Td (In ) Tj ET Q q 0 0 0 rg BT 436.05 438.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 466.40 438.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 485.42 438.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 512.87 438.70 Td (in ) Tj ET Q q 0 0 0 rg BT 521.22 438.70 Td (general ) Tj ET Q q 0 0 0 rg BT 546.89 438.70 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 90.11 429.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 117.33 429.10 Td (price ) Tj ET Q q 0 0 0 rg BT 134.79 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.80 429.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 173.27 429.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 212.50 429.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.96 429.10 Td (have ) Tj ET Q q 0 0 0 rg BT 242.53 429.10 Td (often ) Tj ET Q q 0 0 0 rg BT 260.43 429.10 Td (been ) Tj ET Q q 0 0 0 rg BT 277.00 429.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 308.23 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.92 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.93 429.10 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 382.83 429.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.52 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.76 429.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 433.44 429.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 475.32 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.45 429.10 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 525.79 429.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 564.00 429.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 419.50 Td (These ) Tj ET Q q 0 0 0 rg BT 70.72 419.50 Td (broad ) Tj ET Q q 0 0 0 rg BT 90.55 419.50 Td (market ) Tj ET Q q 0 0 0 rg BT 114.37 419.50 Td (and ) Tj ET Q q 0 0 0 rg BT 127.54 419.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 155.38 419.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 178.76 419.50 Td (may ) Tj ET Q q 0 0 0 rg BT 194.15 419.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 228.19 419.50 Td (reduce ) Tj ET Q q 0 0 0 rg BT 251.12 419.50 Td (the ) Tj ET Q q 0 0 0 rg BT 262.51 419.50 Td (market ) Tj ET Q q 0 0 0 rg BT 286.34 419.50 Td (price ) Tj ET Q q 0 0 0 rg BT 303.94 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 312.22 419.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 333.83 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 342.11 419.50 Td (our ) Tj ET Q q 0 0 0 rg BT 354.39 419.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 372.98 419.50 Td (A) Tj ET Q q 0 0 0 rg BT 378.32 419.50 Td ( ) Tj ET Q q 0 0 0 rg BT 379.93 419.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 411.33 419.50 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 433.17 419.50 Td (regardless ) Tj ET Q q 0 0 0 rg BT 467.21 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 475.49 419.50 Td (our ) Tj ET Q q 0 0 0 rg BT 487.77 419.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 519.60 419.50 Td (performance. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 397.90 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 397.90 Td (1B. ) Tj ET Q q 0 0 0 rg BT 95.00 397.90 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 132.94 397.90 Td (VED ) Tj ET Q q 0 0 0 rg BT 151.83 397.90 Td (ST) Tj ET Q q 0 0 0 rg BT 161.02 397.90 Td (AFF) Tj ET Q q 0 0 0 rg BT 176.28 397.90 Td ( ) Tj ET Q q 0 0 0 rg BT 178.28 397.90 Td (COMMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 382.30 Td (None.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 360.70 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 360.70 Td (2. ) Tj ET Q q 0 0 0 rg BT 95.00 360.70 Td (PROPER) Tj ET Q q 0 0 0 rg BT 127.61 360.70 Td (TIES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 345.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.05 345.10 Td (own ) Tj ET Q q 0 0 0 rg BT 77.42 345.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.57 345.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 108.15 345.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 141.73 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.54 345.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.91 345.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 191.83 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.64 345.10 Td (which ) Tj ET Q q 0 0 0 rg BT 220.79 345.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.71 345.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 258.72 345.10 Td (These ) Tj ET Q q 0 0 0 rg BT 279.42 345.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 308.55 345.10 Td (are ) Tj ET Q q 0 0 0 rg BT 319.91 345.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 336.62 345.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 362.20 345.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.12 345.10 Td (current ) Tj ET Q q 0 0 0 rg BT 397.37 345.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 434.28 345.10 Td (are ) Tj ET Q q 0 0 0 rg BT 445.64 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.46 345.10 Td (good ) Tj ET Q q 0 0 0 rg BT 471.05 345.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 502.86 345.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.00 345.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.36 345.10 Td (adequately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 335.50 Td (equipped ) Tj ET Q q 0 0 0 rg BT 80.94 335.50 Td (for ) Tj ET Q q 0 0 0 rg BT 91.89 335.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 121.95 335.50 Td (of ) Tj ET Q q 0 0 0 rg BT 130.23 335.50 Td (conducting ) Tj ET Q q 0 0 0 rg BT 167.40 335.50 Td (broadcasting, ) Tj ET Q q 0 0 0 rg BT 211.89 335.50 Td (content ) Tj ET Q q 0 0 0 rg BT 237.05 335.50 Td (production ) Tj ET Q q 0 0 0 rg BT 273.33 335.50 Td (or ) Tj ET Q q 0 0 0 rg BT 281.61 335.50 Td (such ) Tj ET Q q 0 0 0 rg BT 297.90 335.50 Td (other ) Tj ET Q q 0 0 0 rg BT 315.95 335.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.89 335.50 Td (as ) Tj ET Q q 0 0 0 rg BT 359.18 335.50 Td (we ) Tj ET Q q 0 0 0 rg BT 370.12 335.50 Td (require. ) Tj ET Q q 0 0 0 rg BT 396.28 335.50 Td (W) Tj ET Q q 0 0 0 rg BT 403.19 335.50 Td (e ) Tj ET Q q 0 0 0 rg BT 408.36 335.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 433.07 335.50 Td (that ) Tj ET Q q 0 0 0 rg BT 446.69 335.50 Td (suitable ) Tj ET Q q 0 0 0 rg BT 473.19 335.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 506.80 335.50 Td (space ) Tj ET Q q 0 0 0 rg BT 526.18 335.50 Td (is ) Tj ET Q q 0 0 0 rg BT 533.14 335.50 Td (available ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 325.90 Td (on ) Tj ET Q q 0 0 0 rg BT 60.00 325.90 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 95.75 325.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 115.52 325.90 Td (in ) Tj ET Q q 0 0 0 rg BT 123.75 325.90 Td (the ) Tj ET Q q 0 0 0 rg BT 135.52 325.90 Td (event ) Tj ET Q q 0 0 0 rg BT 154.84 325.90 Td (of ) Tj ET Q q 0 0 0 rg BT 163.51 325.90 Td (an ) Tj ET Q q 0 0 0 rg BT 173.06 325.90 Td (expansion ) Tj ET Q q 0 0 0 rg BT 207.50 325.90 Td (of ) Tj ET Q q 0 0 0 rg BT 216.16 325.90 Td (our ) Tj ET Q q 0 0 0 rg BT 228.82 325.90 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 266.46 325.90 Td (The ) Tj ET Q q 0 0 0 rg BT 280.89 325.90 Td (table ) Tj ET Q q 0 0 0 rg BT 298.44 325.90 Td (below ) Tj ET Q q 0 0 0 rg BT 319.99 325.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 349.54 325.90 Td (a ) Tj ET Q q 0 0 0 rg BT 355.09 325.90 Td (brief ) Tj ET Q q 0 0 0 rg BT 372.20 325.90 Td (description ) Tj ET Q q 0 0 0 rg BT 409.74 325.90 Td (of ) Tj ET Q q 0 0 0 rg BT 418.41 325.90 Td (our ) Tj ET Q q 0 0 0 rg BT 431.07 325.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 466.84 325.90 Td (properties.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 302.40 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 302.40 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 302.40 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 302.40 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 302.40 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 276.40 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 276.40 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 276.40 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 276.40 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 276.40 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 250.40 160.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 250.40 10.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 250.40 160.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 250.40 10.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 250.40 172.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 216.40 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 216.40 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 216.40 160.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 216.40 10.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 216.40 172.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 302.4 m 209.5 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 302.4 m 379.5 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 302.4 m 561.5 302.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 307.48 Td (Location) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.00 307.48 Td (Property) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 307.48 Td (Use) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 294.35 Td (Hamilton, Bermuda) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 294.35 Td (Leased office) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 294.35 Td (Registered office, Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 281.35 Td (Amsterdam, The Netherlands) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 281.35 Td (Leased office) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 281.35 Td (Corporate office, Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 268.35 Td (Sofia, Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 268.35 Td (Leased buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 268.35 Td (Office and studio space \(Bulgaria segment\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 255.35 Td (Zagreb, Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 255.35 Td (Owned and leased buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 255.35 Td (Office and studio space \(Croatia segment\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 242.35 Td (Prague, Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 242.35 Td (Owned and leased buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 242.35 Td (Administrative center) Tj ET Q q 0 0 0 rg BT 461.21 242.35 Td (, Corporate;) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 234.35 Td (Of) Tj ET Q q 0 0 0 rg BT 400.30 234.35 Td (fice and studio space \(Czech Republic segment\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 221.35 Td (Bucharest and other key cities within Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 221.35 Td (Owned and leased buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 221.35 Td (Office and studio space \(Romania segment\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 208.35 Td (Bratislava, Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 208.35 Td (Owned buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 208.35 Td (Office and studio space \(Slovak Republic segment\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 195.35 Td (Ljubljana, Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.00 195.35 Td (Owned and leased buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.00 195.35 Td (Office and studio space \(Slovenia segment\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 175.30 Td (For ) Tj ET Q q 0 0 0 rg BT 63.11 175.30 Td (further ) Tj ET Q q 0 0 0 rg BT 86.88 175.30 Td (information ) Tj ET Q q 0 0 0 rg BT 126.65 175.30 Td (on ) Tj ET Q q 0 0 0 rg BT 136.65 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.42 175.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.64 175.30 Td (resources ) Tj ET Q q 0 0 0 rg BT 196.84 175.30 Td (that ) Tj ET Q q 0 0 0 rg BT 210.84 175.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 227.50 175.30 Td (these ) Tj ET Q q 0 0 0 rg BT 245.94 175.30 Td (facility-related ) Tj ET Q q 0 0 0 rg BT 295.02 175.30 Td (costs, ) Tj ET Q q 0 0 0 rg BT 315.02 175.30 Td (see ) Tj ET Q q 0 0 0 rg BT 327.24 175.30 Td (Part ) Tj ET Q q 0 0 0 rg BT 342.13 175.30 Td (II, ) Tj ET Q q 0 0 0 rg BT 351.45 175.30 Td (Item ) Tj ET Q q 0 0 0 rg BT 368.11 175.30 Td (7, ) Tj ET Q q 0 0 0 rg BT 376.11 175.30 Td (III, ) Tj ET Q q 0 0 0 rg BT 388.11 175.30 Td ("Liquidity ) Tj ET Q q 0 0 0 rg BT 423.15 175.30 Td (and ) Tj ET Q q 0 0 0 rg BT 436.70 175.30 Td (Capital ) Tj ET Q q 0 0 0 rg BT 461.80 175.30 Td (Resources.") Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 159.70 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 159.70 Td (3. ) Tj ET Q q 0 0 0 rg BT 95.00 159.70 Td (Legal ) Tj ET Q q 0 0 0 rg BT 116.11 159.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 124.40 159.70 Td (oceedings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (General) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 128.50 Td (While ) Tj ET Q q 0 0 0 rg BT 71.86 128.50 Td (we ) Tj ET Q q 0 0 0 rg BT 83.50 128.50 Td (are, ) Tj ET Q q 0 0 0 rg BT 97.58 128.50 Td (from ) Tj ET Q q 0 0 0 rg BT 115.45 128.50 Td (time ) Tj ET Q q 0 0 0 rg BT 131.98 128.50 Td (to ) Tj ET Q q 0 0 0 rg BT 140.51 128.50 Td (time, ) Tj ET Q q 0 0 0 rg BT 159.05 128.50 Td (a ) Tj ET Q q 0 0 0 rg BT 164.91 128.50 Td (party ) Tj ET Q q 0 0 0 rg BT 183.66 128.50 Td (to ) Tj ET Q q 0 0 0 rg BT 192.20 128.50 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 225.40 128.50 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 261.03 128.50 Td (or ) Tj ET Q q 0 0 0 rg BT 270.01 128.50 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 305.20 128.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 346.16 128.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 370.25 128.50 Td (in ) Tj ET Q q 0 0 0 rg BT 378.79 128.50 Td (the ) Tj ET Q q 0 0 0 rg BT 390.87 128.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 415.85 128.50 Td (course ) Tj ET Q q 0 0 0 rg BT 439.04 128.50 Td (of ) Tj ET Q q 0 0 0 rg BT 448.02 128.50 Td (our ) Tj ET Q q 0 0 0 rg BT 460.99 128.50 Td (business ) Tj ET Q q 0 0 0 rg BT 490.42 128.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 528.06 128.50 Td (we ) Tj ET Q q 0 0 0 rg BT 539.70 128.50 Td (are ) Tj ET Q q 0 0 0 rg BT 551.78 128.50 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 118.90 Td (presently ) Tj ET Q q 0 0 0 rg BT 81.88 118.90 Td (a ) Tj ET Q q 0 0 0 rg BT 87.99 118.90 Td (party ) Tj ET Q q 0 0 0 rg BT 106.99 118.90 Td (to ) Tj ET Q q 0 0 0 rg BT 115.77 118.90 Td (any ) Tj ET Q q 0 0 0 rg BT 129.88 118.90 Td (such ) Tj ET Q q 0 0 0 rg BT 147.11 118.90 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 180.55 118.90 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 216.43 118.90 Td (or ) Tj ET Q q 0 0 0 rg BT 225.66 118.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 261.09 118.90 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 299.19 118.90 Td (which ) Tj ET Q q 0 0 0 rg BT 321.30 118.90 Td (could ) Tj ET Q q 0 0 0 rg BT 341.63 118.90 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 378.85 118.90 Td (be ) Tj ET Q q 0 0 0 rg BT 388.96 118.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 419.94 118.90 Td (to ) Tj ET Q q 0 0 0 rg BT 428.72 118.90 Td (have ) Tj ET Q q 0 0 0 rg BT 446.38 118.90 Td (a ) Tj ET Q q 0 0 0 rg BT 452.50 118.90 Td (material ) Tj ET Q q 0 0 0 rg BT 481.26 118.90 Td (ef) Tj ET Q q 0 0 0 rg BT 487.33 118.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 501.88 118.90 Td (on ) Tj ET Q q 0 0 0 rg BT 512.44 118.90 Td (our ) Tj ET Q q 0 0 0 rg BT 525.66 118.90 Td (business ) Tj ET Q q 0 0 0 rg BT 555.34 118.90 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 109.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 92.43 109.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 122.42 109.30 Td (statements, ) Tj ET Q q 0 0 0 rg BT 160.19 109.30 Td (including ) Tj ET Q q 0 0 0 rg BT 192.41 109.30 Td (the ) Tj ET Q q 0 0 0 rg BT 204.18 109.30 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 241.72 109.30 Td (described ) Tj ET Q q 0 0 0 rg BT 274.37 109.30 Td (below) Tj ET Q q 0 0 0 rg BT 293.40 109.30 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 83.55 743.45 Td (Competition ) Tj ET Q q 0 0 0 rg BT 125.10 743.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 132.80 743.45 Td (oceeding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (On ) Tj ET Q q 0 0 0 rg BT 60.84 727.85 Td (April ) Tj ET Q q 0 0 0 rg BT 79.10 727.85 Td (24, ) Tj ET Q q 0 0 0 rg BT 90.47 727.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 107.83 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 118.98 727.85 Td (Competition ) Tj ET Q q 0 0 0 rg BT 160.34 727.85 Td (Protection ) Tj ET Q q 0 0 0 rg BT 194.29 727.85 Td (Agency ) Tj ET Q q 0 0 0 rg BT 220.54 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 228.57 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 239.71 727.85 Td (Republic ) Tj ET Q q 0 0 0 rg BT 269.97 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 278.00 727.85 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 307.36 727.85 Td (\(CP) Tj ET Q q 0 0 0 rg BT 322.63 727.85 Td (A\) ) Tj ET Q q 0 0 0 rg BT 335.99 727.85 Td (adopted ) Tj ET Q q 0 0 0 rg BT 362.68 727.85 Td (a ) Tj ET Q q 0 0 0 rg BT 367.60 727.85 Td (decision ) Tj ET Q q 0 0 0 rg BT 395.63 727.85 Td (finding ) Tj ET Q q 0 0 0 rg BT 420.11 727.85 Td (that ) Tj ET Q q 0 0 0 rg BT 433.47 727.85 Td (our ) Tj ET Q q 0 0 0 rg BT 445.50 727.85 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 493.08 727.85 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 527.34 727.85 Td (Produkcija ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Plus ) Tj ET Q q 0 0 0 rg BT 66.34 718.25 Td (d.o.o. ) Tj ET Q q 0 0 0 rg BT 86.89 718.25 Td (\(Pro ) Tj ET Q q 0 0 0 rg BT 106.77 718.25 Td (Plus\) ) Tj ET Q q 0 0 0 rg BT 129.33 718.25 Td (has ) Tj ET Q q 0 0 0 rg BT 142.55 718.25 Td (abused ) Tj ET Q q 0 0 0 rg BT 167.31 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.42 718.25 Td (dominant ) Tj ET Q q 0 0 0 rg BT 206.19 718.25 Td (position ) Tj ET Q q 0 0 0 rg BT 234.53 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 245.08 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.41 718.25 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 291.96 718.25 Td (television ) Tj ET Q q 0 0 0 rg BT 325.62 718.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 363.72 718.25 Td (market ) Tj ET Q q 0 0 0 rg BT 388.48 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 397.26 718.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 421.13 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.35 718.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 465.77 718.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 506.54 718.25 Td (law) Tj ET Q q 0 0 0 rg BT 517.57 718.25 Td (, ) Tj ET Q q 0 0 0 rg BT 522.12 718.25 Td (by ) Tj ET Q q 0 0 0 rg BT 532.68 718.25 Td (requiring ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.65 Td (exclusivity ) Tj ET Q q 0 0 0 rg BT 86.92 708.65 Td (from ) Tj ET Q q 0 0 0 rg BT 104.28 708.65 Td (its ) Tj ET Q q 0 0 0 rg BT 113.64 708.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 151.00 708.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 185.25 708.65 Td (and ) Tj ET Q q 0 0 0 rg BT 198.61 708.65 Td (by ) Tj ET Q q 0 0 0 rg BT 208.42 708.65 Td (applying ) Tj ET Q q 0 0 0 rg BT 238.22 708.65 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 262.25 708.65 Td (discounts ) Tj ET Q q 0 0 0 rg BT 294.28 708.65 Td (in ) Tj ET Q q 0 0 0 rg BT 302.32 708.65 Td (favor ) Tj ET Q q 0 0 0 rg BT 321.00 708.65 Td (of ) Tj ET Q q 0 0 0 rg BT 329.48 708.65 Td (its ) Tj ET Q q 0 0 0 rg BT 338.85 708.65 Td (customers. ) Tj ET Q q 0 0 0 rg BT 375.09 708.65 Td (Pro ) Tj ET Q q 0 0 0 rg BT 388.02 708.65 Td (Plus ) Tj ET Q q 0 0 0 rg BT 403.61 708.65 Td (filed ) Tj ET Q q 0 0 0 rg BT 420.08 708.65 Td (an ) Tj ET Q q 0 0 0 rg BT 429.44 708.65 Td (appeal ) Tj ET Q q 0 0 0 rg BT 452.13 708.65 Td (with ) Tj ET Q q 0 0 0 rg BT 468.16 708.65 Td (the ) Tj ET Q q 0 0 0 rg BT 479.74 708.65 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 513.55 708.65 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 543.79 708.65 Td (Court ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.05 Td (on ) Tj ET Q q 0 0 0 rg BT 60.60 699.05 Td (May ) Tj ET Q q 0 0 0 rg BT 77.87 699.05 Td (24, ) Tj ET Q q 0 0 0 rg BT 90.47 699.05 Td (2013. ) Tj ET Q q 0 0 0 rg BT 111.07 699.05 Td (On ) Tj ET Q q 0 0 0 rg BT 123.44 699.05 Td (December ) Tj ET Q q 0 0 0 rg BT 158.91 699.05 Td (3, ) Tj ET Q q 0 0 0 rg BT 167.51 699.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 188.11 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 200.49 699.05 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 235.08 699.05 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 266.12 699.05 Td (Court ) Tj ET Q q 0 0 0 rg BT 286.95 699.05 Td (af) Tj ET Q q 0 0 0 rg BT 293.02 699.05 Td (firmed ) Tj ET Q q 0 0 0 rg BT 316.94 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 329.31 699.05 Td (decision ) Tj ET Q q 0 0 0 rg BT 358.58 699.05 Td (of ) Tj ET Q q 0 0 0 rg BT 367.84 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 380.21 699.05 Td (CP) Tj ET Q q 0 0 0 rg BT 389.26 699.05 Td (A. ) Tj ET Q q 0 0 0 rg BT 399.64 699.05 Td (In ) Tj ET Q q 0 0 0 rg BT 408.91 699.05 Td (order ) Tj ET Q q 0 0 0 rg BT 428.39 699.05 Td (to ) Tj ET Q q 0 0 0 rg BT 437.21 699.05 Td (impose ) Tj ET Q q 0 0 0 rg BT 462.92 699.05 Td (a ) Tj ET Q q 0 0 0 rg BT 469.07 699.05 Td (fine, ) Tj ET Q q 0 0 0 rg BT 486.11 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 498.48 699.05 Td (CP) Tj ET Q q 0 0 0 rg BT 507.53 699.05 Td (A) Tj ET Q q 0 0 0 rg BT 512.87 699.05 Td ( ) Tj ET Q q 0 0 0 rg BT 515.47 699.05 Td (would ) Tj ET Q q 0 0 0 rg BT 538.07 699.05 Td (need ) Tj ET Q q 0 0 0 rg BT 555.77 699.05 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.45 Td (commence ) Tj ET Q q 0 0 0 rg BT 86.22 689.45 Td (a ) Tj ET Q q 0 0 0 rg BT 91.34 689.45 Td (new ) Tj ET Q q 0 0 0 rg BT 106.24 689.45 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 143.36 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 156.48 689.45 Td (any ) Tj ET Q q 0 0 0 rg BT 169.60 689.45 Td (fine ) Tj ET Q q 0 0 0 rg BT 183.61 689.45 Td (that ) Tj ET Q q 0 0 0 rg BT 197.18 689.45 Td (may ) Tj ET Q q 0 0 0 rg BT 212.53 689.45 Td (be ) Tj ET Q q 0 0 0 rg BT 221.65 689.45 Td (imposed ) Tj ET Q q 0 0 0 rg BT 250.33 689.45 Td (would ) Tj ET Q q 0 0 0 rg BT 271.90 689.45 Td (be ) Tj ET Q q 0 0 0 rg BT 281.03 689.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 305.26 689.45 Td (to ) Tj ET Q q 0 0 0 rg BT 313.05 689.45 Td (a ) Tj ET Q q 0 0 0 rg BT 318.18 689.45 Td (statutory ) Tj ET Q q 0 0 0 rg BT 347.74 689.45 Td (maximum ) Tj ET Q q 0 0 0 rg BT 381.76 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 389.99 689.45 Td (ten ) Tj ET Q q 0 0 0 rg BT 401.34 689.45 Td (percent ) Tj ET Q q 0 0 0 rg BT 426.45 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 434.69 689.45 Td (Pro ) Tj ET Q q 0 0 0 rg BT 447.37 689.45 Td (Plus' ) Tj ET Q q 0 0 0 rg BT 464.17 689.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 487.07 689.45 Td (turnover ) Tj ET Q q 0 0 0 rg BT 515.74 689.45 Td (in ) Tj ET Q q 0 0 0 rg BT 523.54 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 534.88 689.45 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.85 Td (year ) Tj ET Q q 0 0 0 rg BT 65.76 679.85 Td (preceding ) Tj ET Q q 0 0 0 rg BT 99.29 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 111.05 679.85 Td (year ) Tj ET Q q 0 0 0 rg BT 126.81 679.85 Td (in ) Tj ET Q q 0 0 0 rg BT 135.03 679.85 Td (which ) Tj ET Q q 0 0 0 rg BT 156.57 679.85 Td (a ) Tj ET Q q 0 0 0 rg BT 162.11 679.85 Td (fine ) Tj ET Q q 0 0 0 rg BT 176.54 679.85 Td (is ) Tj ET Q q 0 0 0 rg BT 183.87 679.85 Td (imposed. ) Tj ET Q q 0 0 0 rg BT 214.83 679.85 Td (T) Tj ET Q q 0 0 0 rg BT 219.16 679.85 Td (o ) Tj ET Q q 0 0 0 rg BT 225.15 679.85 Td (date, ) Tj ET Q q 0 0 0 rg BT 242.47 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 254.23 679.85 Td (CP) Tj ET Q q 0 0 0 rg BT 263.28 679.85 Td (A) Tj ET Q q 0 0 0 rg BT 268.62 679.85 Td ( ) Tj ET Q q 0 0 0 rg BT 270.61 679.85 Td (has ) Tj ET Q q 0 0 0 rg BT 283.27 679.85 Td (not ) Tj ET Q q 0 0 0 rg BT 295.48 679.85 Td (imposed ) Tj ET Q q 0 0 0 rg BT 324.58 679.85 Td (any ) Tj ET Q q 0 0 0 rg BT 338.13 679.85 Td (fine ) Tj ET Q q 0 0 0 rg BT 352.56 679.85 Td (on ) Tj ET Q q 0 0 0 rg BT 362.55 679.85 Td (Pro ) Tj ET Q q 0 0 0 rg BT 375.65 679.85 Td (Plus. ) Tj ET Q q 0 0 0 rg BT 393.43 679.85 Td (Pro ) Tj ET Q q 0 0 0 rg BT 406.54 679.85 Td (Plus ) Tj ET Q q 0 0 0 rg BT 422.31 679.85 Td (is ) Tj ET Q q 0 0 0 rg BT 429.64 679.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 460.51 679.85 Td (unable ) Tj ET Q q 0 0 0 rg BT 483.82 679.85 Td (to ) Tj ET Q q 0 0 0 rg BT 492.04 679.85 Td (estimate ) Tj ET Q q 0 0 0 rg BT 520.69 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 532.45 679.85 Td (timing ) Tj ET Q q 0 0 0 rg BT 555.34 679.85 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 670.25 Td (new ) Tj ET Q q 0 0 0 rg BT 77.10 670.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 114.64 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.30 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.08 670.25 Td (size ) Tj ET Q q 0 0 0 rg BT 149.52 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.18 670.25 Td (any ) Tj ET Q q 0 0 0 rg BT 171.73 670.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 201.72 670.25 Td (future ) Tj ET Q q 0 0 0 rg BT 222.82 670.25 Td (fine.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 648.65 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 648.65 Td (4. ) Tj ET Q q 0 0 0 rg BT 95.00 648.65 Td (MINE ) Tj ET Q q 0 0 0 rg BT 118.78 648.65 Td (SAFETY) Tj ET Q q 0 0 0 rg BT 150.04 648.65 Td ( ) Tj ET Q q 0 0 0 rg BT 152.04 648.65 Td (DISCLOSURES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 633.05 Td (Not applicable.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 611.45 Td (P) Tj ET Q q 0 0 0 rg BT 54.29 611.45 Td (AR) Tj ET Q q 0 0 0 rg BT 65.57 611.45 Td (T) Tj ET Q q 0 0 0 rg BT 70.76 611.45 Td ( II) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 589.85 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 72.84 589.85 Td (5. ) Tj ET Q q 0 0 0 rg BT 94.50 589.85 Td (MARKET) Tj ET Q q 0 0 0 rg BT 130.36 589.85 Td ( ) Tj ET Q q 0 0 0 rg BT 133.90 589.85 Td (FOR ) Tj ET Q q 0 0 0 rg BT 154.32 589.85 Td (REGISTRANT'S ) Tj ET Q q 0 0 0 rg BT 217.44 589.85 Td (COMMON ) Tj ET Q q 0 0 0 rg BT 260.08 589.85 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 290.91 589.85 Td (, ) Tj ET Q q 0 0 0 rg BT 296.45 589.85 Td (RELA) Tj ET Q q 0 0 0 rg BT 318.08 589.85 Td (TED ) Tj ET Q q 0 0 0 rg BT 338.07 589.85 Td (ST) Tj ET Q q 0 0 0 rg BT 347.71 589.85 Td (OCKHOLDER ) Tj ET Q q 0 0 0 rg BT 404.15 589.85 Td (MA) Tj ET Q q 0 0 0 rg BT 416.88 589.85 Td (TTERS ) Tj ET Q q 0 0 0 rg BT 445.88 589.85 Td (AND ) Tj ET Q q 0 0 0 rg BT 466.75 589.85 Td (ISSUER ) Tj ET Q q 0 0 0 rg BT 499.19 589.85 Td (PURCHASES ) Tj ET Q q 0 0 0 rg BT 551.19 589.85 Td (OF) Tj ET Q q 0 0 0 rg BT 562.00 589.85 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 94.50 580.25 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 125.77 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.77 580.25 Td (SECURITIES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 564.65 Td (Shares ) Tj ET Q q 0 0 0 rg BT 73.15 564.65 Td (of ) Tj ET Q q 0 0 0 rg BT 82.14 564.65 Td (Class ) Tj ET Q q 0 0 0 rg BT 101.29 564.65 Td (A) Tj ET Q q 0 0 0 rg BT 106.63 564.65 Td ( ) Tj ET Q q 0 0 0 rg BT 108.95 564.65 Td (common ) Tj ET Q q 0 0 0 rg BT 139.27 564.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 158.48 564.65 Td (of ) Tj ET Q q 0 0 0 rg BT 167.47 564.65 Td (Central ) Tj ET Q q 0 0 0 rg BT 193.35 564.65 Td (European ) Tj ET Q q 0 0 0 rg BT 226.32 564.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 249.09 564.65 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 287.40 564.65 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 302.83 564.65 Td (began ) Tj ET Q q 0 0 0 rg BT 324.26 564.65 Td (trading ) Tj ET Q q 0 0 0 rg BT 349.25 564.65 Td (on ) Tj ET Q q 0 0 0 rg BT 359.57 564.65 Td (the ) Tj ET Q q 0 0 0 rg BT 371.67 564.65 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 407.33 564.65 Td (National ) Tj ET Q q 0 0 0 rg BT 437.20 564.65 Td (Market ) Tj ET Q q 0 0 0 rg BT 462.63 564.65 Td (on ) Tj ET Q q 0 0 0 rg BT 472.96 564.65 Td (October ) Tj ET Q q 0 0 0 rg BT 501.05 564.65 Td (13, ) Tj ET Q q 0 0 0 rg BT 513.37 564.65 Td (1994 ) Tj ET Q q 0 0 0 rg BT 531.70 564.65 Td (under ) Tj ET Q q 0 0 0 rg BT 552.24 564.65 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 555.05 Td (trading ) Tj ET Q q 0 0 0 rg BT 74.16 555.05 Td (symbol ) Tj ET Q q 0 0 0 rg BT 99.72 555.05 Td (CETV.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 539.45 Td (In ) Tj ET Q q 0 0 0 rg BT 57.54 539.45 Td (May ) Tj ET Q q 0 0 0 rg BT 73.58 539.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 92.96 539.45 Td (we ) Tj ET Q q 0 0 0 rg BT 103.66 539.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 125.04 539.45 Td (and ) Tj ET Q q 0 0 0 rg BT 137.97 539.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 152.68 539.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 181.61 539.45 Td (to ) Tj ET Q q 0 0 0 rg BT 189.21 539.45 Td (a ) Tj ET Q q 0 0 0 rg BT 194.14 539.45 Td (public ) Tj ET Q q 0 0 0 rg BT 215.51 539.45 Td (of) Tj ET Q q 0 0 0 rg BT 222.03 539.45 Td (fering ) Tj ET Q q 0 0 0 rg BT 242.51 539.45 Td (57,132,931 ) Tj ET Q q 0 0 0 rg BT 279.88 539.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 301.25 539.45 Td (of ) Tj ET Q q 0 0 0 rg BT 309.29 539.45 Td (our ) Tj ET Q q 0 0 0 rg BT 321.34 539.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 339.75 539.45 Td (A) Tj ET Q q 0 0 0 rg BT 345.08 539.45 Td ( ) Tj ET Q q 0 0 0 rg BT 346.46 539.45 Td (common ) Tj ET Q q 0 0 0 rg BT 375.83 539.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 394.09 539.45 Td (at ) Tj ET Q q 0 0 0 rg BT 401.25 539.45 Td (a ) Tj ET Q q 0 0 0 rg BT 406.17 539.45 Td (price ) Tj ET Q q 0 0 0 rg BT 423.54 539.45 Td (of ) Tj ET Q q 0 0 0 rg BT 431.58 539.45 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.18 539.45 Td (2.75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.18 539.45 Td ( ) Tj ET Q q 0 0 0 rg BT 462.56 539.45 Td (per ) Tj ET Q q 0 0 0 rg BT 474.15 539.45 Td (share, ) Tj ET Q q 0 0 0 rg BT 494.41 539.45 Td (including ) Tj ET Q q 0 0 0 rg BT 526.00 539.45 Td (28,509,332 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 529.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.71 529.85 Td (of ) Tj ET Q q 0 0 0 rg BT 80.59 529.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 99.66 529.85 Td (A) Tj ET Q q 0 0 0 rg BT 104.99 529.85 Td ( ) Tj ET Q q 0 0 0 rg BT 107.21 529.85 Td (common ) Tj ET Q q 0 0 0 rg BT 137.42 529.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 156.53 529.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 172.08 529.85 Td (to ) Tj ET Q q 0 0 0 rg BT 180.36 529.85 Td (TW) Tj ET Q q 0 0 0 rg BT 192.66 529.85 Td ( ) Tj ET Q q 0 0 0 rg BT 194.87 529.85 Td (Investor ) Tj ET Q q 0 0 0 rg BT 223.31 529.85 Td (in ) Tj ET Q q 0 0 0 rg BT 231.75 529.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 269.06 529.85 Td (with ) Tj ET Q q 0 0 0 rg BT 285.50 529.85 Td (its ) Tj ET Q q 0 0 0 rg BT 295.28 529.85 Td (preexisting ) Tj ET Q q 0 0 0 rg BT 333.04 529.85 Td (contractual ) Tj ET Q q 0 0 0 rg BT 370.80 529.85 Td (right ) Tj ET Q q 0 0 0 rg BT 388.12 529.85 Td (to ) Tj ET Q q 0 0 0 rg BT 396.56 529.85 Td (purchase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.21 529.85 Td (49.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.88 529.85 Td ( ) Tj ET Q q 0 0 0 rg BT 450.09 529.85 Td (of ) Tj ET Q q 0 0 0 rg BT 458.97 529.85 Td (the ) Tj ET Q q 0 0 0 rg BT 470.97 529.85 Td (number ) Tj ET Q q 0 0 0 rg BT 497.62 529.85 Td (of ) Tj ET Q q 0 0 0 rg BT 506.50 529.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 528.71 529.85 Td (of ) Tj ET Q q 0 0 0 rg BT 537.59 529.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 556.66 529.85 Td (A) Tj ET Q q 0 0 0 rg BT 562.00 529.85 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (common ) Tj ET Q q 0 0 0 rg BT 78.83 520.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 97.05 520.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 111.72 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.28 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.38 520.25 Td (public ) Tj ET Q q 0 0 0 rg BT 151.71 520.25 Td (of) Tj ET Q q 0 0 0 rg BT 158.23 520.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 180.57 520.25 Td (The ) Tj ET Q q 0 0 0 rg BT 194.35 520.25 Td (net ) Tj ET Q q 0 0 0 rg BT 205.45 520.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 235.22 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.77 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.88 520.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 286.32 520.25 Td (from ) Tj ET Q q 0 0 0 rg BT 303.21 520.25 Td (this ) Tj ET Q q 0 0 0 rg BT 316.10 520.25 Td (of) Tj ET Q q 0 0 0 rg BT 322.62 520.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 343.06 520.25 Td (was ) Tj ET Q q 0 0 0 rg BT 356.83 520.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 404.37 520.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.93 520.25 Td (151.7 ) Tj ET Q q 0 0 0 rg BT 439.27 520.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.38 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.71 520.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 477.93 520.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 493.92 520.25 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.26 520.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 518.14 520.25 Td (13, ) Tj ET Q q 0 0 0 rg BT 529.47 520.25 Td ("Equity") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.34 520.25 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 504.65 Td (On ) Tj ET Q q 0 0 0 rg BT 61.84 504.65 Td (June ) Tj ET Q q 0 0 0 rg BT 79.07 504.65 Td (25, ) Tj ET Q q 0 0 0 rg BT 91.63 504.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 112.19 504.65 Td (we ) Tj ET Q q 0 0 0 rg BT 124.08 504.65 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.64 504.65 Td (and ) Tj ET Q q 0 0 0 rg BT 160.76 504.65 Td (sold ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.66 504.65 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.66 504.65 Td ( ) Tj ET Q q 0 0 0 rg BT 205.22 504.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 227.77 504.65 Td (of ) Tj ET Q q 0 0 0 rg BT 237.00 504.65 Td (our ) Tj ET Q q 0 0 0 rg BT 250.23 504.65 Td (Series ) Tj ET Q q 0 0 0 rg BT 272.34 504.65 Td (B ) Tj ET Q q 0 0 0 rg BT 280.24 504.65 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 320.57 504.65 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 362.67 504.65 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 394.99 504.65 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 417.77 504.65 Td (par ) Tj ET Q q 0 0 0 rg BT 430.55 504.65 Td (value ) Tj ET Q q 0 0 0 rg BT 450.44 504.65 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.23 504.65 Td (0.08) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.23 504.65 Td ( ) Tj ET Q q 0 0 0 rg BT 483.79 504.65 Td (per ) Tj ET Q q 0 0 0 rg BT 496.57 504.65 Td (share ) Tj ET Q q 0 0 0 rg BT 516.01 504.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 531.01 504.65 Td (Series ) Tj ET Q q 0 0 0 rg BT 556.67 504.65 Td (B ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 495.05 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 81.34 495.05 Td (Shares\), ) Tj ET Q q 0 0 0 rg BT 112.96 495.05 Td (a ) Tj ET Q q 0 0 0 rg BT 118.59 495.05 Td (newly ) Tj ET Q q 0 0 0 rg BT 140.22 495.05 Td (designated ) Tj ET Q q 0 0 0 rg BT 176.51 495.05 Td (series ) Tj ET Q q 0 0 0 rg BT 196.81 495.05 Td (of ) Tj ET Q q 0 0 0 rg BT 205.55 495.05 Td (our ) Tj ET Q q 0 0 0 rg BT 218.30 495.05 Td (preferred ) Tj ET Q q 0 0 0 rg BT 249.69 495.05 Td (stock, ) Tj ET Q q 0 0 0 rg BT 270.65 495.05 Td (to ) Tj ET Q q 0 0 0 rg BT 278.80 495.05 Td (TW) Tj ET Q q 0 0 0 rg BT 291.10 495.05 Td ( ) Tj ET Q q 0 0 0 rg BT 293.18 495.05 Td (Investor ) Tj ET Q q 0 0 0 rg BT 321.47 495.05 Td (for ) Tj ET Q q 0 0 0 rg BT 332.88 495.05 Td (an ) Tj ET Q q 0 0 0 rg BT 342.51 495.05 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 375.68 495.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 406.19 495.05 Td (price ) Tj ET Q q 0 0 0 rg BT 424.26 495.05 Td (of ) Tj ET Q q 0 0 0 rg BT 433.00 495.05 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.31 495.05 Td (200.0 ) Tj ET Q q 0 0 0 rg BT 469.39 495.05 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.50 495.05 Td ( ) Tj ET Q q 0 0 0 rg BT 494.58 495.05 Td (\(see ) Tj ET Q q 0 0 0 rg BT 509.54 495.05 Td (Item ) Tj ET Q q 0 0 0 rg BT 526.28 495.05 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.36 495.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 551.99 495.05 Td (12, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 485.45 Td ("Convertible ) Tj ET Q q 0 0 0 rg BT 92.54 485.45 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 134.07 485.45 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 165.83 485.45 Td (Shares") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.42 485.45 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 469.85 Td (On ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 61.28 469.85 Td (February21, ) Tj ET Q q 0 0 0 rg BT 104.16 469.85 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.16 469.85 Td (, ) Tj ET Q q 0 0 0 rg BT 124.16 469.85 Td (the ) Tj ET Q q 0 0 0 rg BT 135.93 469.85 Td (last ) Tj ET Q q 0 0 0 rg BT 149.04 469.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 177.69 469.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 195.24 469.85 Td (price ) Tj ET Q q 0 0 0 rg BT 213.23 469.85 Td (for ) Tj ET Q q 0 0 0 rg BT 224.56 469.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 246.55 469.85 Td (of ) Tj ET Q q 0 0 0 rg BT 255.21 469.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 274.11 469.85 Td (A) Tj ET Q q 0 0 0 rg BT 279.45 469.85 Td ( ) Tj ET Q q 0 0 0 rg BT 281.45 469.85 Td (common ) Tj ET Q q 0 0 0 rg BT 311.44 469.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.33 469.85 Td (was ) Tj ET Q q 0 0 0 rg BT 344.77 469.85 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 469.85 Td (2.82) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.00 469.85 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 454.25 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 454.25 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 454.25 Td (sets ) Tj ET Q q 0 0 0 rg BT 128.59 454.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 146.14 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.92 454.25 Td (high ) Tj ET Q q 0 0 0 rg BT 174.14 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.69 454.25 Td (low ) Tj ET Q q 0 0 0 rg BT 201.69 454.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 226.80 454.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 247.90 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 259.23 454.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 281.22 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.89 454.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 308.78 454.25 Td (A) Tj ET Q q 0 0 0 rg BT 314.12 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.12 454.25 Td (common ) Tj ET Q q 0 0 0 rg BT 346.11 454.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 365.00 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 376.33 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 392.98 454.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 423.86 454.25 Td (period ) Tj ET Q q 0 0 0 rg BT 446.29 454.25 Td (during ) Tj ET Q q 0 0 0 rg BT 469.18 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.95 454.25 Td (last ) Tj ET Q q 0 0 0 rg BT 494.06 454.25 Td (two ) Tj ET Q q 0 0 0 rg BT 508.06 454.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 527.39 454.25 Td (years.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 413.75 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.25 413.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.25 413.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 413.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 383.75 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.25 383.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.25 383.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 383.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 323.75 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.25 323.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.25 323.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 323.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 293.75 344.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.25 293.75 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.25 293.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.25 293.75 82.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 393.25 428.75 m 475.25 428.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 479.25 428.75 m 561.25 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.25 413.75 m 475.25 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.25 413.75 m 479.25 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.25 413.75 m 561.25 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.25 323.75 m 475.25 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.25 323.75 m 479.25 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.25 323.75 m 561.25 323.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.75 432.98 Td (Period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.20 432.98 Td (High \(US$ / Share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.00 432.98 Td (Low \(US$ / Share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 417.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 403.00 Td (Fourth Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.75 403.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 403.00 Td (6.47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.75 403.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 403.00 Td (2.12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 388.00 Td (Third Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 388.00 Td (5.36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 388.00 Td (3.13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 373.00 Td (Second Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 373.00 Td (4.51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 373.00 Td (2.65) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 358.00 Td (First Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 358.00 Td (6.62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 358.00 Td (4.22) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 327.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 313.00 Td (Fourth Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.75 313.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 313.00 Td (7.02) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.75 313.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 313.00 Td (4.56) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 298.00 Td (Third Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 298.00 Td (7.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 298.00 Td (4.78) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 283.00 Td (Second Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 283.00 Td (8.94) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 283.00 Td (4.73) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 268.00 Td (First Quarter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.05 268.00 Td (9.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.05 268.00 Td (5.91) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 248.65 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.50 248.65 Td (February21, ) Tj ET Q q 0 0 0 rg BT 102.38 248.65 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.38 248.65 Td (, ) Tj ET Q q 0 0 0 rg BT 122.38 248.65 Td (there ) Tj ET Q q 0 0 0 rg BT 140.37 248.65 Td (were ) Tj ET Q q 0 0 0 rg BT 157.91 248.65 Td (approximately ) Tj ET Q q 0 0 0 rg BT 206.12 248.65 Td (46 ) Tj ET Q q 0 0 0 rg BT 216.12 248.65 Td (holders ) Tj ET Q q 0 0 0 rg BT 241.67 248.65 Td (of ) Tj ET Q q 0 0 0 rg BT 250.33 248.65 Td (record ) Tj ET Q q 0 0 0 rg BT 272.76 248.65 Td (\(including ) Tj ET Q q 0 0 0 rg BT 307.64 248.65 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 341.63 248.65 Td (firms ) Tj ET Q q 0 0 0 rg BT 360.51 248.65 Td (and ) Tj ET Q q 0 0 0 rg BT 374.06 248.65 Td (other ) Tj ET Q q 0 0 0 rg BT 392.50 248.65 Td (nominees\) ) Tj ET Q q 0 0 0 rg BT 427.82 248.65 Td (of ) Tj ET Q q 0 0 0 rg BT 436.49 248.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.48 248.65 Td (of ) Tj ET Q q 0 0 0 rg BT 467.14 248.65 Td (Class ) Tj ET Q q 0 0 0 rg BT 486.04 248.65 Td (A) Tj ET Q q 0 0 0 rg BT 491.38 248.65 Td ( ) Tj ET Q q 0 0 0 rg BT 493.38 248.65 Td (common ) Tj ET Q q 0 0 0 rg BT 523.37 248.65 Td (stock.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 233.05 Td (7,500,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 233.05 Td ( ) Tj ET Q q 0 0 0 rg BT 84.35 233.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 107.20 233.05 Td (have ) Tj ET Q q 0 0 0 rg BT 125.15 233.05 Td (been ) Tj ET Q q 0 0 0 rg BT 143.10 233.05 Td (authorized ) Tj ET Q q 0 0 0 rg BT 179.71 233.05 Td (for ) Tj ET Q q 0 0 0 rg BT 191.89 233.05 Td (issuance ) Tj ET Q q 0 0 0 rg BT 221.85 233.05 Td (in ) Tj ET Q q 0 0 0 rg BT 230.92 233.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 256.43 233.05 Td (of ) Tj ET Q q 0 0 0 rg BT 265.94 233.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 288.79 233.05 Td (awards ) Tj ET Q q 0 0 0 rg BT 314.30 233.05 Td (under ) Tj ET Q q 0 0 0 rg BT 335.36 233.05 Td (a ) Tj ET Q q 0 0 0 rg BT 341.77 233.05 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 382.38 233.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 429.67 233.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 446.29 233.05 Td (\(see ) Tj ET Q q 0 0 0 rg BT 462.02 233.05 Td (Item ) Tj ET Q q 0 0 0 rg BT 479.54 233.05 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.39 233.05 Td (Note ) Tj ET Q q 0 0 0 rg BT 506.79 233.05 Td (17, ) Tj ET Q q 0 0 0 rg BT 519.64 233.05 Td ("Stock-based ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 223.45 Td (Compensation") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.98 223.45 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 204.85 Td (DIVIDEND ) Tj ET Q q 0 0 0 rg BT 91.95 204.85 Td (POLICY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 189.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 189.25 Td (e ) Tj ET Q q 0 0 0 rg BT 61.99 189.25 Td (have ) Tj ET Q q 0 0 0 rg BT 79.12 189.25 Td (not ) Tj ET Q q 0 0 0 rg BT 91.38 189.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 120.50 189.25 Td (or ) Tj ET Q q 0 0 0 rg BT 129.19 189.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 144.99 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.58 189.25 Td (have ) Tj ET Q q 0 0 0 rg BT 175.71 189.25 Td (no ) Tj ET Q q 0 0 0 rg BT 185.74 189.25 Td (present ) Tj ET Q q 0 0 0 rg BT 210.87 189.25 Td (intention ) Tj ET Q q 0 0 0 rg BT 241.34 189.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.59 189.25 Td (declare ) Tj ET Q q 0 0 0 rg BT 274.71 189.25 Td (or ) Tj ET Q q 0 0 0 rg BT 283.41 189.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 296.99 189.25 Td (in ) Tj ET Q q 0 0 0 rg BT 305.24 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.05 189.25 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 355.49 189.25 Td (future ) Tj ET Q q 0 0 0 rg BT 376.63 189.25 Td (any ) Tj ET Q q 0 0 0 rg BT 390.21 189.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 406.45 189.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 439.59 189.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.84 189.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 472.53 189.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.78 189.25 Td (any ) Tj ET Q q 0 0 0 rg BT 494.36 189.25 Td (class ) Tj ET Q q 0 0 0 rg BT 511.94 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.64 189.25 Td (our ) Tj ET Q q 0 0 0 rg BT 533.33 189.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 555.35 189.25 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 179.65 Td (common ) Tj ET Q q 0 0 0 rg BT 79.50 179.65 Td (stock.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 161.05 Td (PURCHASE ) Tj ET Q q 0 0 0 rg BT 95.50 161.05 Td (OF) Tj ET Q q 0 0 0 rg BT 106.32 161.05 Td ( ) Tj ET Q q 0 0 0 rg BT 108.32 161.05 Td (OWN ) Tj ET Q q 0 0 0 rg BT 130.32 161.05 Td (ST) Tj ET Q q 0 0 0 rg BT 139.96 161.05 Td (OCK) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 145.45 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 145.45 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 145.45 Td (did ) Tj ET Q q 0 0 0 rg BT 74.18 145.45 Td (not ) Tj ET Q q 0 0 0 rg BT 86.41 145.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 116.84 145.45 Td (any ) Tj ET Q q 0 0 0 rg BT 130.39 145.45 Td (of ) Tj ET Q q 0 0 0 rg BT 139.05 145.45 Td (our ) Tj ET Q q 0 0 0 rg BT 151.71 145.45 Td (own ) Tj ET Q q 0 0 0 rg BT 167.49 145.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 186.38 145.45 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.60 145.45 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.60 145.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (18) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 743.60 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 114.61 743.60 Td (GRAPH) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.82 728.00 Td (following ) Tj ET Q q 0 0 0 rg BT 96.80 728.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 139.10 728.00 Td (graph ) Tj ET Q q 0 0 0 rg BT 159.19 728.00 Td (is ) Tj ET Q q 0 0 0 rg BT 166.41 728.00 Td (a ) Tj ET Q q 0 0 0 rg BT 171.83 728.00 Td (line ) Tj ET Q q 0 0 0 rg BT 185.71 728.00 Td (graph ) Tj ET Q q 0 0 0 rg BT 205.80 728.00 Td (comparing ) Tj ET Q q 0 0 0 rg BT 241.89 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.54 728.00 Td (change ) Tj ET Q q 0 0 0 rg BT 278.07 728.00 Td (in ) Tj ET Q q 0 0 0 rg BT 286.17 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.82 728.00 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 335.24 728.00 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 374.44 728.00 Td (return ) Tj ET Q q 0 0 0 rg BT 395.42 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 403.96 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 415.61 728.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 434.41 728.00 Td (A) Tj ET Q q 0 0 0 rg BT 439.75 728.00 Td ( ) Tj ET Q q 0 0 0 rg BT 441.62 728.00 Td (common ) Tj ET Q q 0 0 0 rg BT 471.50 728.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 490.26 728.00 Td (against ) Tj ET Q q 0 0 0 rg BT 514.80 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 526.45 728.00 Td (cumulative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 718.40 Td (total ) Tj ET Q q 0 0 0 rg BT 65.72 718.40 Td (return ) Tj ET Q q 0 0 0 rg BT 86.82 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 95.48 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 107.26 718.40 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 142.59 718.40 Td (Composite ) Tj ET Q q 0 0 0 rg BT 179.26 718.40 Td (Index ) Tj ET Q q 0 0 0 rg BT 199.48 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 213.03 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 224.80 718.40 Td (Dow ) Tj ET Q q 0 0 0 rg BT 242.36 718.40 Td (Jones ) Tj ET Q q 0 0 0 rg BT 262.13 718.40 Td (Global ) Tj ET Q q 0 0 0 rg BT 285.91 718.40 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 330.12 718.40 Td (Index ) Tj ET Q q 0 0 0 rg BT 350.33 718.40 Td (between ) Tj ET Q q 0 0 0 rg BT 378.98 718.40 Td (December ) Tj ET Q q 0 0 0 rg BT 413.85 718.40 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.85 718.40 Td (2008) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.85 718.40 Td ( ) Tj ET Q q 0 0 0 rg BT 443.85 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 457.40 718.40 Td (December ) Tj ET Q q 0 0 0 rg BT 492.27 718.40 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.27 718.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.27 718.40 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 397.80 Td (V) Tj ET Q q 0 0 0 rg BT 54.39 397.80 Td (alue ) Tj ET Q q 0 0 0 rg BT 69.71 397.80 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 397.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 94.61 397.80 Td (100 ) Tj ET Q q 0 0 0 rg BT 108.61 397.80 Td (invested ) Tj ET Q q 0 0 0 rg BT 137.27 397.80 Td (at ) Tj ET Q q 0 0 0 rg BT 145.04 397.80 Td (December ) Tj ET Q q 0 0 0 rg BT 179.91 397.80 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.91 397.80 Td (2008) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.91 397.80 Td ( ) Tj ET Q q 0 0 0 rg BT 209.91 397.80 Td (as ) Tj ET Q q 0 0 0 rg BT 218.57 397.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.23 397.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 274.10 397.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.10 397.80 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 387.30 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 387.30 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.25 357.30 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.25 357.30 100.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 376.55 Td (Central European Media Enterprises Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.75 376.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.05 376.55 Td (17.68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 361.55 Td (NASDAQ Composite Index) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.75 361.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.05 361.55 Td (264.84) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.75 346.55 Td (Dow Jones Global Broadcasting Index ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 177.28 350.18 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.75 346.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.05 346.55 Td (176.73) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 333.82 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 330.20 Td (This ) Tj ET Q q 0 0 0 rg BT 101.19 330.20 Td (index ) Tj ET Q q 0 0 0 rg BT 120.42 330.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 148.55 330.20 Td (74 ) Tj ET Q q 0 0 0 rg BT 158.01 330.20 Td (companies, ) Tj ET Q q 0 0 0 rg BT 195.69 330.20 Td (many ) Tj ET Q q 0 0 0 rg BT 214.92 330.20 Td (of ) Tj ET Q q 0 0 0 rg BT 223.05 330.20 Td (which ) Tj ET Q q 0 0 0 rg BT 244.07 330.20 Td (are ) Tj ET Q q 0 0 0 rg BT 255.30 330.20 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 285.65 330.20 Td (based. ) Tj ET Q q 0 0 0 rg BT 307.01 330.20 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 346.47 330.20 Td (, ) Tj ET Q q 0 0 0 rg BT 349.94 330.20 Td (we ) Tj ET Q q 0 0 0 rg BT 360.73 330.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 385.29 330.20 Td (that ) Tj ET Q q 0 0 0 rg BT 398.75 330.20 Td (the ) Tj ET Q q 0 0 0 rg BT 409.99 330.20 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 440.79 330.20 Td (of ) Tj ET Q q 0 0 0 rg BT 448.91 330.20 Td (this ) Tj ET Q q 0 0 0 rg BT 461.94 330.20 Td (index ) Tj ET Q q 0 0 0 rg BT 481.17 330.20 Td (is ) Tj ET Q q 0 0 0 rg BT 487.97 330.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 508.99 330.20 Td (in ) Tj ET Q q 0 0 0 rg BT 516.67 330.20 Td (understanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 320.60 Td (our ) Tj ET Q q 0 0 0 rg BT 98.16 320.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 117.05 320.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 159.47 320.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 193.01 320.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.23 320.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 237.44 320.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.66 320.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.44 320.60 Td (television ) Tj ET Q q 0 0 0 rg BT 290.54 320.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 323.20 320.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.75 320.60 Td (cable ) Tj ET Q q 0 0 0 rg BT 355.62 320.60 Td (industry) Tj ET Q q 0 0 0 rg BT 381.32 320.60 Td (.) Tj ET Q /GS0 gs q 512.00 0 0 305.00 49.75 408.40 cm /I20 Do Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 299.00 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 299.00 Td (6. ) Tj ET Q q 0 0 0 rg BT 95.00 299.00 Td (SELECTED ) Tj ET Q q 0 0 0 rg BT 139.68 299.00 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 184.58 299.00 Td ( ) Tj ET Q q 0 0 0 rg BT 186.58 299.00 Td (DA) Tj ET Q q 0 0 0 rg BT 197.54 299.00 Td (T) Tj ET Q q 0 0 0 rg BT 202.28 299.00 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 283.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.21 283.40 Td (selected ) Tj ET Q q 0 0 0 rg BT 93.74 283.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 136.95 283.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.70 283.40 Td (data ) Tj ET Q q 0 0 0 rg BT 183.80 283.40 Td (should ) Tj ET Q q 0 0 0 rg BT 207.90 283.40 Td (be ) Tj ET Q q 0 0 0 rg BT 218.23 283.40 Td (read ) Tj ET Q q 0 0 0 rg BT 234.76 283.40 Td (together ) Tj ET Q q 0 0 0 rg BT 263.74 283.40 Td (with ) Tj ET Q q 0 0 0 rg BT 280.74 283.40 Td (our ) Tj ET Q q 0 0 0 rg BT 294.17 283.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 337.38 283.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 368.13 283.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 404.67 283.40 Td (and ) Tj ET Q q 0 0 0 rg BT 418.99 283.40 Td (related ) Tj ET Q q 0 0 0 rg BT 443.52 283.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 463.18 283.40 Td (included ) Tj ET Q q 0 0 0 rg BT 493.50 283.40 Td (in ) Tj ET Q q 0 0 0 rg BT 502.49 283.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 519.92 283.40 Td (8, ) Tj ET Q q 0 0 0 rg BT 528.69 283.40 Td (Financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 273.80 Td (Statements ) Tj ET Q q 0 0 0 rg BT 87.11 273.80 Td (and ) Tj ET Q q 0 0 0 rg BT 100.66 273.80 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 151.09 273.80 Td (Data ) Tj ET Q q 0 0 0 rg BT 171.74 273.80 Td (of ) Tj ET Q q 0 0 0 rg BT 180.41 273.80 Td (this ) Tj ET Q q 0 0 0 rg BT 193.52 273.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 219.07 273.80 Td (Report ) Tj ET Q q 0 0 0 rg BT 242.85 273.80 Td (on ) Tj ET Q q 0 0 0 rg BT 252.85 273.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 272.18 273.80 Td (10-K.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 258.20 Td (The ) Tj ET Q q 0 0 0 rg BT 65.29 258.20 Td (following ) Tj ET Q q 0 0 0 rg BT 99.24 258.20 Td (tables ) Tj ET Q q 0 0 0 rg BT 120.75 258.20 Td (set ) Tj ET Q q 0 0 0 rg BT 132.49 258.20 Td (forth ) Tj ET Q q 0 0 0 rg BT 150.89 258.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.51 258.20 Td (selected ) Tj ET Q q 0 0 0 rg BT 192.12 258.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 235.40 258.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.24 258.20 Td (data ) Tj ET Q q 0 0 0 rg BT 282.41 258.20 Td (for ) Tj ET Q q 0 0 0 rg BT 294.58 258.20 Td (each ) Tj ET Q q 0 0 0 rg BT 312.09 258.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.60 258.20 Td (the ) Tj ET Q q 0 0 0 rg BT 334.22 258.20 Td (years ) Tj ET Q q 0 0 0 rg BT 353.95 258.20 Td (in ) Tj ET Q q 0 0 0 rg BT 363.02 258.20 Td (the ) Tj ET Q q 0 0 0 rg BT 375.64 258.20 Td (five-year ) Tj ET Q q 0 0 0 rg BT 407.36 258.20 Td (period ) Tj ET Q q 0 0 0 rg BT 430.64 258.20 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.59 258.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.31 258.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.31 258.20 Td (. ) Tj ET Q q 0 0 0 rg BT 520.95 258.20 Td (The ) Tj ET Q q 0 0 0 rg BT 536.24 258.20 Td (selected ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 248.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.85 248.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.25 248.60 Td (data ) Tj ET Q q 0 0 0 rg BT 135.99 248.60 Td (is ) Tj ET Q q 0 0 0 rg BT 142.74 248.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 172.59 248.60 Td (in ) Tj ET Q q 0 0 0 rg BT 180.22 248.60 Td (its ) Tj ET Q q 0 0 0 rg BT 189.20 248.60 Td (entirety ) Tj ET Q q 0 0 0 rg BT 215.05 248.60 Td (and ) Tj ET Q q 0 0 0 rg BT 228.01 248.60 Td (should ) Tj ET Q q 0 0 0 rg BT 250.76 248.60 Td (be ) Tj ET Q q 0 0 0 rg BT 259.73 248.60 Td (read ) Tj ET Q q 0 0 0 rg BT 274.91 248.60 Td (in ) Tj ET Q q 0 0 0 rg BT 282.55 248.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 321.73 248.60 Td (with ) Tj ET Q q 0 0 0 rg BT 337.37 248.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 353.45 248.60 Td (7, ) Tj ET Q q 0 0 0 rg BT 360.86 248.60 Td (Management's ) Tj ET Q q 0 0 0 rg BT 412.14 248.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 448.67 248.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.32 248.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 490.74 248.60 Td (of ) Tj ET Q q 0 0 0 rg BT 498.82 248.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 530.00 248.60 Td (Condition ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 239.00 Td (and ) Tj ET Q q 0 0 0 rg BT 64.82 239.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 91.66 239.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.59 239.00 Td (Operations ) Tj ET Q q 0 0 0 rg BT 143.52 239.00 Td (and ) Tj ET Q q 0 0 0 rg BT 158.34 239.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 176.28 239.00 Td (8, ) Tj ET Q q 0 0 0 rg BT 185.55 239.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 222.14 239.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 260.52 239.00 Td (and ) Tj ET Q q 0 0 0 rg BT 275.35 239.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 327.05 239.00 Td (Data. ) Tj ET Q q 0 0 0 rg BT 350.74 239.00 Td (W) Tj ET Q q 0 0 0 rg BT 357.65 239.00 Td (e ) Tj ET Q q 0 0 0 rg BT 364.48 239.00 Td (have ) Tj ET Q q 0 0 0 rg BT 382.85 239.00 Td (derived ) Tj ET Q q 0 0 0 rg BT 410.12 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 423.16 239.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 466.87 239.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 503.91 239.00 Td (of ) Tj ET Q q 0 0 0 rg BT 513.85 239.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.45 239.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 229.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 100.50 229.40 Td (income ) Tj ET Q q 0 0 0 rg BT 126.13 229.40 Td (data ) Tj ET Q q 0 0 0 rg BT 141.53 229.40 Td (for ) Tj ET Q q 0 0 0 rg BT 152.94 229.40 Td (the ) Tj ET Q q 0 0 0 rg BT 164.79 229.40 Td (years ) Tj ET Q q 0 0 0 rg BT 183.75 229.40 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.93 229.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.88 229.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.88 229.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.96 229.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.96 229.40 Td ( ) Tj ET Q q 0 0 0 rg BT 290.04 229.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.67 229.40 Td (201) Tj ET Q q 0 0 0 rg BT 315.37 229.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.37 229.40 Td ( ) Tj ET Q q 0 0 0 rg BT 321.45 229.40 Td (and ) Tj ET Q q 0 0 0 rg BT 335.08 229.40 Td (the ) Tj ET Q q 0 0 0 rg BT 346.93 229.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 389.44 229.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 415.95 229.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 434.47 229.40 Td (data ) Tj ET Q q 0 0 0 rg BT 449.87 229.40 Td (as ) Tj ET Q q 0 0 0 rg BT 458.61 229.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.36 229.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 514.30 229.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.30 229.40 Td ( ) Tj ET Q q 0 0 0 rg BT 532.38 229.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.01 229.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.01 229.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.80 Td (from ) Tj ET Q q 0 0 0 rg BT 68.41 219.80 Td (the ) Tj ET Q q 0 0 0 rg BT 81.04 219.80 Td (audited ) Tj ET Q q 0 0 0 rg BT 107.45 219.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 150.74 219.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.59 219.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 218.21 219.80 Td (included ) Tj ET Q q 0 0 0 rg BT 248.62 219.80 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 283.46 219.80 Td (in ) Tj ET Q q 0 0 0 rg BT 292.54 219.80 Td (this ) Tj ET Q q 0 0 0 rg BT 306.33 219.80 Td (Annual ) Tj ET Q q 0 0 0 rg BT 332.74 219.80 Td (Report ) Tj ET Q q 0 0 0 rg BT 357.37 219.80 Td (on ) Tj ET Q q 0 0 0 rg BT 368.23 219.80 Td (Form ) Tj ET Q q 0 0 0 rg BT 388.43 219.80 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 409.52 219.80 Td (The ) Tj ET Q q 0 0 0 rg BT 424.82 219.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 468.11 219.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 504.74 219.80 Td (of ) Tj ET Q q 0 0 0 rg BT 514.26 219.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.45 219.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 210.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 100.45 210.20 Td (income ) Tj ET Q q 0 0 0 rg BT 126.03 210.20 Td (data ) Tj ET Q q 0 0 0 rg BT 141.38 210.20 Td (for ) Tj ET Q q 0 0 0 rg BT 152.73 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 164.54 210.20 Td (years ) Tj ET Q q 0 0 0 rg BT 183.44 210.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 204.57 210.20 Td (December ) Tj ET Q q 0 0 0 rg BT 239.46 210.20 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.49 210.20 Td (2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.49 210.20 Td ( ) Tj ET Q q 0 0 0 rg BT 269.52 210.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.10 210.20 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.10 210.20 Td ( ) Tj ET Q q 0 0 0 rg BT 301.13 210.20 Td (and ) Tj ET Q q 0 0 0 rg BT 314.70 210.20 Td (the ) Tj ET Q q 0 0 0 rg BT 326.50 210.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 352.96 210.20 Td (sheet ) Tj ET Q q 0 0 0 rg BT 371.42 210.20 Td (data ) Tj ET Q q 0 0 0 rg BT 386.77 210.20 Td (as ) Tj ET Q q 0 0 0 rg BT 395.46 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 404.16 210.20 Td (December ) Tj ET Q q 0 0 0 rg BT 439.05 210.20 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.08 210.20 Td (201) Tj ET Q q 0 0 0 rg BT 462.78 210.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.78 210.20 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.81 210.20 Td (2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.81 210.20 Td ( ) Tj ET Q q 0 0 0 rg BT 488.84 210.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.41 210.20 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.41 210.20 Td ( ) Tj ET Q q 0 0 0 rg BT 520.44 210.20 Td (were ) Tj ET Q q 0 0 0 rg BT 538.01 210.20 Td (derived ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 200.60 Td (from ) Tj ET Q q 0 0 0 rg BT 67.55 200.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 93.10 200.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 135.53 200.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.52 200.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 201.29 200.60 Td (that ) Tj ET Q q 0 0 0 rg BT 215.28 200.60 Td (are ) Tj ET Q q 0 0 0 rg BT 227.05 200.60 Td (not ) Tj ET Q q 0 0 0 rg BT 239.27 200.60 Td (included ) Tj ET Q q 0 0 0 rg BT 268.82 200.60 Td (in ) Tj ET Q q 0 0 0 rg BT 277.04 200.60 Td (this ) Tj ET Q q 0 0 0 rg BT 290.16 200.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 315.71 200.60 Td (Report ) Tj ET Q q 0 0 0 rg BT 339.48 200.60 Td (on ) Tj ET Q q 0 0 0 rg BT 349.48 200.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 368.82 200.60 Td (10-K.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (19) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 686.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 686.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 686.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 686.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 686.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 686.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 686.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 686.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 686.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 656.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 656.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 656.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 656.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 656.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 656.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 656.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 656.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 656.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 626.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 626.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 626.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 626.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 626.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 626.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 626.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 626.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 626.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 589.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 589.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 589.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 589.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 589.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 589.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 589.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 589.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 589.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 589.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 559.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 559.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 559.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 559.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 559.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 559.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 559.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 529.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 529.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 529.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 529.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 529.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 529.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 529.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 529.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 529.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 529.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 499.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 499.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 499.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 499.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 499.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 499.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 499.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 499.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 499.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 499.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 463.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 463.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 463.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 463.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 463.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 463.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 463.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 463.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 463.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 463.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 412.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 412.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 412.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 412.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 412.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 412.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 412.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 412.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 412.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 412.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 382.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 382.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 382.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 382.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 382.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 382.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 382.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 382.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 382.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 382.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 352.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 352.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 352.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 352.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 352.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 352.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 352.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 322.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 322.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 322.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 322.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 322.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 322.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 322.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 322.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 322.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 322.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 292.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 292.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 292.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 292.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 292.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 292.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 292.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 292.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 292.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 292.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 262.50 262.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 262.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 262.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 262.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 262.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 262.50 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 262.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 262.50 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 262.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 262.50 48.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 722.5 m 357.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 722.5 m 361.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 722.5 m 408.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 722.5 m 412.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 722.5 m 459.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 722.5 m 463.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 722.5 m 509.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 722.5 m 513.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 722.5 m 561.5 722.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 707.5 m 357.5 707.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 707.5 m 408.5 707.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 707.5 m 459.5 707.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 707.5 m 509.5 707.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 707.5 m 561.5 707.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 626.5 m 357.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 612.5 m 357.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 610.5 m 357.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 626.5 m 408.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 612.5 m 408.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 610.5 m 408.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 626.5 m 459.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 612.5 m 459.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 610.5 m 459.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 626.5 m 509.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 612.5 m 509.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 610.5 m 509.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 626.5 m 561.5 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 612.5 m 561.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 610.5 m 561.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 367.5 m 357.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 353.5 m 357.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 351.5 m 357.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 367.5 m 408.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 353.5 m 408.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 351.5 m 408.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 367.5 m 459.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 353.5 m 459.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 351.5 m 459.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 367.5 m 509.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 353.5 m 509.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 351.5 m 509.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 367.5 m 561.5 367.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 353.5 m 561.5 353.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 351.5 m 561.5 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 262.5 m 357.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 248.5 m 357.5 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 246.5 m 357.5 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 262.5 m 408.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 248.5 m 408.5 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 246.5 m 408.5 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 262.5 m 459.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 248.5 m 459.5 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 246.5 m 459.5 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 262.5 m 509.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 248.5 m 509.5 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 246.5 m 509.5 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 262.5 m 561.5 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 248.5 m 561.5 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 246.5 m 561.5 246.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.75 739.73 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.15 726.73 Td (\(US$ 000's, except per share data\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.00 711.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.00 711.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.00 711.73 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.00 711.73 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.00 711.73 Td (2009) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 698.73 Td (CONSOLIDATED STATEMENTS OF OPERATIONS AND) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 690.73 Td (COMPREHENSIVE INCOME DATA:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 675.75 Td (Net revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 675.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 675.75 Td (691,034) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 675.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.25 675.75 Td (772,085) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 675.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.25 675.75 Td (864,782) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 675.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.25 675.75 Td (737,134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.00 675.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 675.75 Td (681,945) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 660.75 Td (Operating \(loss\) / income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 660.75 Td (\(183,121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 660.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.60 660.75 Td (\(488,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 660.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.25 660.75 Td (6,792) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.25 660.75 Td (22,877) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 660.75 Td (\(38,971) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 660.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 645.75 Td (Net loss from continuing operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 645.75 Td (\(281,533) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 645.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.60 645.75 Td (\(546,393) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 645.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.60 645.75 Td (\(179,604) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 645.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.60 645.75 Td (\(116,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.30 645.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 645.75 Td (\(70,983) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 645.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 630.75 Td (Income / \(loss\) from discontinued operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 630.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.30 630.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 630.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.25 630.75 Td (213,697) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 630.75 Td (\(36,824) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 630.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 615.73 Td (Net \(loss\) / income attributable to CME Ltd) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 615.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.60 615.73 Td (\(277,651) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.30 615.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 615.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.60 615.73 Td (\(535,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.30 615.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.00 615.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 427.60 615.73 Td (\(174,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.30 615.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 615.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 615.73 Td (100,175) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.00 615.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.60 615.73 Td (\(97,157) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.30 615.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 593.73 Td (PER SHARE DATA:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 578.75 Td (Net \(loss\) / income per common share from:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 563.75 Td (Continuing operations - basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 563.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 563.75 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 563.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 563.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.60 563.75 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 563.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 563.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 563.75 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 563.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 563.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.60 563.75 Td (\(1.77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.30 563.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.00 563.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 563.75 Td (\(1.11) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 563.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 548.75 Td (Continuing operations - diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 548.75 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 548.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.60 548.75 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 548.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 548.75 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 548.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.60 548.75 Td (\(1.77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.30 548.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 548.75 Td (\(1.11) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 548.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 533.75 Td (Discontinued operations basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 533.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.30 533.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 533.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.25 533.75 Td (3.34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 533.75 Td (\(0.68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 533.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 518.75 Td (Discontinued operations - diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 518.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.30 518.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 518.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.25 518.75 Td (3.34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 518.75 Td (\(0.68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 518.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 503.75 Td (Net \(loss\) / income attributable to CME Ltd. basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 503.75 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 503.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.60 503.75 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 503.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 503.75 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 503.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.25 503.75 Td (1.57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 503.75 Td (\(1.79) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 503.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 488.75 Td (Net \(loss\) / income attributable to CME Ltd. diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 488.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 488.75 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 488.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.60 488.75 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 488.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 488.75 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 488.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.25 488.75 Td (1.57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.00 488.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 488.75 Td (\(1.79) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 475.75 Td (Weighted average common shares used in computing per share amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 467.75 Td (\(000s\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 452.75 Td (Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 452.75 Td (125,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 452.75 Td (76,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 452.75 Td (64,385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 452.75 Td (64,029) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.00 452.75 Td (54,344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 437.75 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.00 437.75 Td (125,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 437.75 Td (76,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 437.75 Td (64,385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 437.75 Td (64,029) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.00 437.75 Td (54,344) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 416.73 Td (CONSOLIDATED BALANCE SHEET DATA:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 401.75 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 401.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 401.75 Td (104,996) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 401.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.25 401.75 Td (140,393) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 401.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.25 401.75 Td (186,386) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 401.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.25 401.75 Td (244,050) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.00 401.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 401.75 Td (445,954) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 386.75 Td (Other current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 386.75 Td (346,061) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.25 386.75 Td (378,158) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.25 386.75 Td (351,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.25 386.75 Td (368,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 386.75 Td (435,507) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 371.75 Td (Non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.25 371.75 Td (1,510,816) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.25 371.75 Td (1,656,164) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 371.75 Td (2,143,480) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.25 371.75 Td (2,328,465) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.25 371.75 Td (1,991,326) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 356.73 Td (Total assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 356.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.25 356.73 Td (1,961,873) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 356.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.25 356.73 Td (2,174,715) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.00 356.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.25 356.73 Td (2,681,769) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 356.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 356.73 Td (2,940,550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.00 356.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.25 356.73 Td (2,872,787) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 326.75 Td (Current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 326.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 326.75 Td (316,010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 326.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.25 326.75 Td (291,364) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 326.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.25 326.75 Td (255,575) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 326.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.25 326.75 Td (243,076) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.00 326.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 326.75 Td (352,118) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 311.75 Td (Non-current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 311.75 Td (996,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.25 311.75 Td (1,252,084) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 311.75 Td (1,408,252) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.25 311.75 Td (1,449,722) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.25 311.75 Td (1,348,829) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 296.75 Td (Temporary equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 296.75 Td (207,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.30 296.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.30 296.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 296.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 296.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 281.75 Td (CME Ltd. shareholders' equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 281.75 Td (440,108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.25 281.75 Td (626,061) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 281.75 Td (1,001,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.25 281.75 Td (1,226,879) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.25 281.75 Td (1,177,589) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 266.75 Td (Noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.30 266.75 Td (893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.25 266.75 Td (5,206) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.25 266.75 Td (16,250) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.25 266.75 Td (20,873) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 266.75 Td (\(5,749) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 266.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 251.73 Td (Total liabilities and equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.00 251.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 322.25 251.73 Td (1,961,873) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 251.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.25 251.73 Td (2,174,715) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.00 251.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.25 251.73 Td (2,681,769) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 251.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 251.73 Td (2,940,550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.00 251.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.25 251.73 Td (2,872,787) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (20) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (ITEM 7. ) Tj ET Q q 0 0 0 rg BT 86.00 731.60 Td (MANAGEMENT'S DISCUSSION ) Tj ET Q q 0 0 0 rg BT 205.58 731.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 224.47 731.60 Td (ANAL) Tj ET Q q 0 0 0 rg BT 246.40 731.60 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 277.00 731.60 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 323.90 731.60 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 374.57 731.60 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 419.85 731.60 Td (TS OF) Tj ET Q q 0 0 0 rg BT 442.45 731.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 471.85 731.60 Td (TIONS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 716.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.32 716.00 Td (following ) Tj ET Q q 0 0 0 rg BT 97.32 716.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 132.54 716.00 Td (should ) Tj ET Q q 0 0 0 rg BT 155.76 716.00 Td (be ) Tj ET Q q 0 0 0 rg BT 165.20 716.00 Td (read ) Tj ET Q q 0 0 0 rg BT 180.85 716.00 Td (in ) Tj ET Q q 0 0 0 rg BT 188.96 716.00 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 228.61 716.00 Td (with ) Tj ET Q q 0 0 0 rg BT 244.72 716.00 Td (the ) Tj ET Q q 0 0 0 rg BT 256.38 716.00 Td (sections ) Tj ET Q q 0 0 0 rg BT 284.04 716.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 309.92 716.00 Td ("Forward-looking ) Tj ET Q q 0 0 0 rg BT 369.28 716.00 Td (Statements" ) Tj ET Q q 0 0 0 rg BT 409.54 716.00 Td (on ) Tj ET Q q 0 0 0 rg BT 419.43 716.00 Td (page ) Tj ET Q q 0 0 0 rg BT 436.41 716.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 442.30 716.00 Td (and ) Tj ET Q q 0 0 0 rg BT 455.74 716.00 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 475.56 716.00 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 504.26 716.00 Td (in ) Tj ET Q q 0 0 0 rg BT 512.37 716.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 527.14 716.00 Td (I, ) Tj ET Q q 0 0 0 rg BT 533.69 716.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 550.24 716.00 Td (1A. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 706.40 Td (Unless ) Tj ET Q q 0 0 0 rg BT 73.67 706.40 Td (the ) Tj ET Q q 0 0 0 rg BT 85.34 706.40 Td (context ) Tj ET Q q 0 0 0 rg BT 110.78 706.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 143.77 706.40 Td (requires, ) Tj ET Q q 0 0 0 rg BT 173.43 706.40 Td (references ) Tj ET Q q 0 0 0 rg BT 208.18 706.40 Td (in ) Tj ET Q q 0 0 0 rg BT 216.29 706.40 Td (this ) Tj ET Q q 0 0 0 rg BT 229.75 706.40 Td (report ) Tj ET Q q 0 0 0 rg BT 250.74 706.40 Td (to ) Tj ET Q q 0 0 0 rg BT 258.86 706.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.52 706.40 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 274.072265625 705.33359375 m 305.181640625 705.33359375 l s q 0 0 0 rg BT 274.07 706.40 Td (Company) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.18 706.40 Td (, ) Tj ET Q q 0 0 0 rg BT 312.63 706.40 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 316.17578125 705.33359375 m 333.51171875 705.33359375 l s q 0 0 0 rg BT 316.18 706.40 Td (CME) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.51 706.40 Td (, ) Tj ET Q q 0 0 0 rg BT 340.96 706.40 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 344.505859375 705.33359375 m 353.833984375 705.33359375 l s q 0 0 0 rg BT 344.51 706.40 Td (we) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.83 706.40 Td (, ) Tj ET Q q 0 0 0 rg BT 361.28 706.40 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 364.828125 705.33359375 m 371.94140625 705.33359375 l s q 0 0 0 rg BT 364.83 706.40 Td (us) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.94 706.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 377.384765625 705.33359375 m 384.048828125 705.33359375 l s q 0 0 0 rg BT 377.38 706.40 Td (or) Tj ET Q BT 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Q q 0 0 0 rg BT 96.88 696.80 Td (or ) Tj ET Q q 0 0 0 rg BT 105.54 696.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 124.88 696.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 139.98 696.80 Td (and ) Tj ET Q q 0 0 0 rg BT 153.54 696.80 Td (its ) Tj ET Q q 0 0 0 rg BT 163.09 696.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 205.53 696.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 245.30 696.80 Td (listed ) Tj ET Q q 0 0 0 rg BT 264.63 696.80 Td (in ) Tj ET Q q 0 0 0 rg BT 272.86 696.80 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 298.41 696.80 Td (21.01 ) Tj ET Q q 0 0 0 rg BT 318.41 696.80 Td (hereto. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 681.20 Td (As ) Tj ET Q q 0 0 0 rg BT 61.05 681.20 Td (used ) Tj ET Q q 0 0 0 rg BT 77.87 681.20 Td (herein, ) Tj ET Q q 0 0 0 rg BT 102.01 681.20 Td (the ) Tj ET Q q 0 0 0 rg BT 113.94 681.20 Td (term ) Tj ET Q q 0 0 0 rg BT 130.76 681.20 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 134.30859375 680.13359375 m 216.76953125 680.13359375 l s q 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Tj ET Q q 0 0 0 rg BT 186.14 662.00 Td (refers ) Tj ET Q q 0 0 0 rg BT 206.11 662.00 Td (collectively ) Tj ET Q q 0 0 0 rg BT 245.19 662.00 Td (to ) Tj ET Q q 0 0 0 rg BT 253.17 662.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.71 662.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 282.47 662.00 Td (Floating ) Tj ET Q q 0 0 0 rg BT 310.90 662.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 327.33 662.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 349.75 662.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 367.52 662.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 387.50 662.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 403.92 662.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 424.35 662.00 Td (and ) Tj ET Q q 0 0 0 rg BT 437.67 662.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 455.43 662.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 475.41 662.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 491.84 662.00 Td (Notes; ) Tj ET Q q 0 0 0 rg BT 514.49 662.00 Td (the ) Tj ET Q q 0 0 0 rg BT 526.02 662.00 Td (term ) Tj ET Q q 0 0 0 rg BT 542.44 662.00 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 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633.20 Td (TW) Tj ET Q q 0 0 0 rg BT 495.29 633.20 Td ( ) Tj ET Q q 0 0 0 rg BT 497.06 633.20 Td (Investor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.28 633.20 Td (\). ) Tj ET Q q 0 0 0 rg BT 533.14 633.20 Td (The ) Tj ET Q q 0 0 0 rg BT 547.35 633.20 Td (term ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 623.60 Td (") Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53.265625 622.53359375 m 135.2734375 622.53359375 l s q 0 0 0 rg BT 53.27 623.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 74.83 623.60 Td (B ) Tj ET Q q 0 0 0 rg BT 82.18 623.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 113.95 623.60 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 135.27 623.60 Td (" ) Tj ET Q q 0 0 0 rg BT 140.55 623.60 Td (refers ) Tj ET Q q 0 0 0 rg BT 160.77 623.60 Td (to ) Tj ET Q q 0 0 0 rg BT 169.00 623.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.79 623.60 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 208.80 623.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.80 623.60 Td (of ) Tj ET Q q 0 0 0 rg BT 239.48 623.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.16 623.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 273.72 623.60 Td (B ) Tj ET Q q 0 0 0 rg BT 281.07 623.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 320.85 623.60 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 362.39 623.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 394.16 623.60 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 416.40 623.60 Td (par ) Tj ET Q q 0 0 0 rg BT 428.63 623.60 Td (value ) Tj ET Q q 0 0 0 rg BT 447.96 623.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 464.20 623.60 Td (0.08 ) Tj ET Q q 0 0 0 rg BT 480.21 623.60 Td (per ) Tj ET Q q 0 0 0 rg BT 492.44 623.60 Td (share, ) Tj ET Q q 0 0 0 rg BT 513.33 623.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 535.34 623.60 Td (June ) Tj ET Q q 0 0 0 rg BT 552.02 623.60 Td (25, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 614.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 68.00 614.00 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 614.00 Td (held ) Tj ET Q q 0 0 0 rg BT 97.32 614.00 Td (by ) Tj ET Q q 0 0 0 rg BT 107.18 614.00 Td (TW) Tj ET Q q 0 0 0 rg BT 119.47 614.00 Td ( ) Tj ET Q q 0 0 0 rg BT 121.47 614.00 Td (Investor) Tj ET Q q 0 0 0 rg BT 147.25 614.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 598.40 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 84.6484375 597.33359375 m 134.94140625 597.33359375 l s q 0 0 0 rg BT 84.65 598.40 Td (Rights Of) Tj ET Q q 0 0 0 rg BT 115.84 598.40 Td (fering) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.94 598.40 Td ( refers to the distribution of non-transferable rights \(the ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 320.87890625 597.33359375 m 341.7734375 597.33359375 l s q 0 0 0 rg BT 320.88 598.40 Td (Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.77 598.40 Td (\) at no char) Tj ET Q q 0 0 0 rg BT 381.38 598.40 Td (ge to the holders of record as of the record date of our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 588.80 Td (outstanding \(a\) shares of Class ) Tj ET Q q 0 0 0 rg BT 149.76 588.80 Td (A) Tj ET Q q 0 0 0 rg BT 155.10 588.80 Td ( common stock, \(b\) the Series ) Tj ET Q q 0 0 0 rg BT 252.19 588.80 Td (A) Tj ET Q q 0 0 0 rg BT 257.53 588.80 Td ( Preferred Share \(allocated on an as-converted basis\) and \(c\) the Series B Preferred Shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 579.20 Td (\(allocated on an as-converted basis as of December 25, 2013\). ) Tj ET Q q 0 0 0 rg BT 250.67 579.20 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 285.31640625 578.13359375 m 299.5390625 578.13359375 l s q 0 0 0 rg BT 285.32 579.20 Td (Unit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.54 579.20 Td ( refers to units that holders of Rights are entitled to purchase, with each Unit ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 569.60 Td (consisting of \(a\) a 2017 PIK Note \(as defined herein\) in the original principal amount of US$ 100.00, and \(b\) 21.167376 unit warrants \(each, a ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 511.43359375 568.53359375 m 553.07421875 568.53359375 l s q 0 0 0 rg BT 511.43 569.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 527.51 569.60 Td (W) Tj ET Q q 0 0 0 rg BT 534.42 569.60 Td (arrant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.07 569.60 Td (\), ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 560.00 Td (with each Unit ) Tj ET Q q 0 0 0 rg BT 98.95 560.00 Td (W) Tj ET Q q 0 0 0 rg BT 105.86 560.00 Td (arrant entitling the holder thereof to purchase one share of our Class ) Tj ET Q q 0 0 0 rg BT 325.35 560.00 Td (A) Tj ET Q q 0 0 0 rg BT 330.68 560.00 Td ( Common Stock, at an exercise price of $1.00 per share. ) Tj ET Q q 0 0 0 rg BT 511.82 560.00 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 550.40 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53.55078125 549.33359375 m 127.52734375 549.33359375 l s q 0 0 0 rg BT 53.55 550.40 Td (Framework ) Tj ET Q q 0 0 0 rg BT 91.99 550.40 Td (Agreement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 127.53 550.40 Td ( refers to the framework agreement among ) Tj ET Q q 0 0 0 rg BT 269.32 550.40 Td (TW) Tj ET Q q 0 0 0 rg BT 281.61 550.40 Td ( Investor) Tj ET Q q 0 0 0 rg BT 309.50 550.40 Td (, ) Tj ET Q q 0 0 0 rg BT 313.36 550.40 Td (T) Tj ET Q q 0 0 0 rg BT 317.96 550.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 331.82 550.40 Td (W) Tj ET Q q 0 0 0 rg BT 338.73 550.40 Td (arner Inc. \(") Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 377.30078125 549.33359375 m 419.09765625 549.33359375 l s q 0 0 0 rg BT 377.30 550.40 Td (T) Tj ET Q q 0 0 0 rg BT 381.91 550.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 395.76 550.40 Td (W) Tj ET Q q 0 0 0 rg BT 402.67 550.40 Td (arner) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.10 550.40 Td (" which, unless the context indicates ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.80 Td (otherwise, includes ) Tj ET Q q 0 0 0 rg BT 113.62 540.80 Td (TW) Tj ET Q q 0 0 0 rg BT 125.91 540.80 Td ( Investor and its af) Tj ET Q q 0 0 0 rg BT 185.30 540.80 Td (filiates other than the Company\) and the Company) Tj ET Q q 0 0 0 rg BT 346.75 540.80 Td (, dated February 28, 2014. ) Tj ET Q q 0 0 0 rg BT 432.80 540.80 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 467.453125 539.73359375 m 533.4296875 539.73359375 l s q 0 0 0 rg BT 467.45 540.80 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 497.89 540.80 Td (Agreement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.43 540.80 Td ( refers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 531.20 Td (to the standby purchase agreement to be entered into by ) Tj ET Q q 0 0 0 rg BT 230.24 531.20 Td (TW) Tj ET Q q 0 0 0 rg BT 242.53 531.20 Td ( Investor and the Company) Tj ET Q q 0 0 0 rg BT 328.66 531.20 Td (. ) Tj ET Q q 0 0 0 rg BT 332.52 531.20 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 367.1640625 530.13359375 m 455.66015625 530.13359375 l s q 0 0 0 rg BT 367.16 531.20 Td (TW) Tj ET Q q 0 0 0 rg BT 379.46 531.20 Td ( Unit Private Placement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.66 531.20 Td ( refers to the issuance by the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.60 Td (Company and purchase by ) Tj ET Q q 0 0 0 rg BT 136.95 521.60 Td (TW) Tj ET Q q 0 0 0 rg BT 149.24 521.60 Td ( Investor of 576,968 Units \() Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 241.66796875 520.53359375 m 333.27734375 520.53359375 l s q 0 0 0 rg BT 241.67 521.60 Td (TW) Tj ET Q q 0 0 0 rg BT 253.96 521.60 Td ( Private Placement Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.28 521.60 Td (\) in a private of) Tj ET Q q 0 0 0 rg BT 386.00 521.60 Td (fering contemporaneously with the closing of the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 512.00 Td (Rights Of) Tj ET Q q 0 0 0 rg BT 81.19 512.00 Td (fering. ) Tj ET Q q 0 0 0 rg BT 104.15 512.00 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 138.796875 510.93359375 m 199.61328125 510.93359375 l s q 0 0 0 rg BT 138.80 512.00 Td (TW) Tj ET Q q 0 0 0 rg BT 151.09 512.00 Td ( Initial ) Tj ET Q q 0 0 0 rg BT 174.05 512.00 Td (W) Tj ET Q q 0 0 0 rg BT 180.96 512.00 Td (arrant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.61 512.00 Td ( refers to a warrant issuable to ) Tj ET Q q 0 0 0 rg BT 301.43 512.00 Td (TW) Tj ET Q q 0 0 0 rg BT 313.72 512.00 Td ( Investor to purchase 30,000,000 shares of Class ) Tj ET Q q 0 0 0 rg BT 470.14 512.00 Td (A) Tj ET Q q 0 0 0 rg BT 475.47 512.00 Td ( Common Stock, at an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 502.40 Td (exercise price of $1.00 per share. ) Tj ET Q q 0 0 0 rg BT 157.80 502.40 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 192.453125 501.33359375 m 282.20703125 501.33359375 l s q 0 0 0 rg BT 192.45 502.40 Td (Backstop Private Placement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.21 502.40 Td ( refers to the purchase by ) Tj ET Q q 0 0 0 rg BT 368.25 502.40 Td (TW) Tj ET Q q 0 0 0 rg BT 380.54 502.40 Td ( Investor in a private of) Tj ET Q q 0 0 0 rg BT 455.26 502.40 Td (fering contemporaneously with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.80 Td (the Rights Of) Tj ET Q q 0 0 0 rg BT 92.96 492.80 Td (fering of any and all remaining Units not purchased through the exercise of Rights in the Rights Of) Tj ET Q q 0 0 0 rg BT 409.86 492.80 Td (fering. ) Tj ET Q q 0 0 0 rg BT 432.82 492.80 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 467.46484375 491.73359375 m 516.57421875 491.73359375 l s q 0 0 0 rg BT 467.46 492.80 Td (Backstop Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.57 492.80 Td ( refers to the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 483.20 Td (amount of Units purchased by ) Tj ET Q q 0 0 0 rg BT 148.28 483.20 Td (TW) Tj ET Q q 0 0 0 rg BT 160.57 483.20 Td ( Investor through the Backstop Private Placement. ) Tj ET Q q 0 0 0 rg BT 323.06 483.20 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 357.70703125 482.13359375 m 409.26171875 482.13359375 l s q 0 0 0 rg BT 357.71 483.20 Td (2017 PIK Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.26 483.20 Td ( refer) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 429.91 483.20 Td (s ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 435.02 483.20 Td (to the 15.0% senior secured notes due ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 473.60 Td (2017 to be issued upon the closing of the Rights Of) Tj ET Q q 0 0 0 rg BT 214.29 473.60 Td (fering. ) Tj ET Q q 0 0 0 rg BT 237.24 473.60 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 271.890625 472.53359375 m 350.74609375 472.53359375 l s q 0 0 0 rg BT 271.89 473.60 Td (T) Tj ET Q q 0 0 0 rg BT 276.50 473.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 290.35 473.60 Td (W) Tj ET Q q 0 0 0 rg BT 297.26 473.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 315.54 473.60 Td (T) Tj ET Q q 0 0 0 rg BT 319.87 473.60 Td (erm Loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.75 473.60 Td ( refers to a term loan by ) Tj ET Q q 0 0 0 rg BT 432.57 473.60 Td (T) Tj ET Q q 0 0 0 rg BT 437.17 473.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 451.02 473.60 Td (W) Tj ET Q q 0 0 0 rg BT 457.93 473.60 Td (arner pursuant to a term loan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 464.00 Td (credit agreement between ) Tj ET Q q 0 0 0 rg BT 134.03 464.00 Td (TW) Tj ET Q q 0 0 0 rg BT 146.32 464.00 Td ( Investor) Tj ET Q q 0 0 0 rg BT 174.22 464.00 Td (, ) Tj ET Q q 0 0 0 rg BT 178.07 464.00 Td (T) Tj ET Q q 0 0 0 rg BT 182.68 464.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 196.53 464.00 Td (W) Tj ET Q q 0 0 0 rg BT 203.44 464.00 Td (arner and the Company) Tj ET Q q 0 0 0 rg BT 277.79 464.00 Td (, dated as of February 28, 2014 \(the ") Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 397.01953125 462.93359375 m 512.97265625 462.93359375 l s q 0 0 0 rg BT 397.02 464.00 Td (T) Tj ET Q q 0 0 0 rg BT 401.63 464.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 415.48 464.00 Td (W) Tj ET Q q 0 0 0 rg BT 422.39 464.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 440.67 464.00 Td (T) Tj ET Q q 0 0 0 rg BT 445.00 464.00 Td (erm Loan ) Tj ET Q q 0 0 0 rg BT 477.43 464.00 Td (Agreement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.97 464.00 Td ("\). ) Tj ET Q q 0 0 0 rg BT 522.76 464.00 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 454.40 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53.55078125 453.33359375 m 179.1171875 453.33359375 l s q 0 0 0 rg BT 53.55 454.40 Td (T) Tj ET Q q 0 0 0 rg BT 58.16 454.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 72.01 454.40 Td (W) Tj ET Q q 0 0 0 rg BT 78.92 454.40 Td (arner Revolving Credit Facility) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.12 454.40 Td ( refers to a senior secured revolving credit facility in the aggregate principal amount of $1) Tj ET Q q 0 0 0 rg BT 470.04 454.40 Td (15.0 million to be extended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 444.80 Td (to us by ) Tj ET Q q 0 0 0 rg BT 77.19 444.80 Td (T) Tj ET Q q 0 0 0 rg BT 81.80 444.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 95.65 444.80 Td (W) Tj ET Q q 0 0 0 rg BT 102.56 444.80 Td (arner under the Framework ) Tj ET Q q 0 0 0 rg BT 191.41 444.80 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 230.81 444.80 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 265.45703125 443.73359375 m 330.56640625 443.73359375 l s q 0 0 0 rg BT 265.46 444.80 Td (Consent Solicitation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.57 444.80 Td ( refers to consent of at least a majority in principal amount of the 2017 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 435.20 Td (Fixed Rate Notes to the incurrence of indebtedness in the financing transactions contemplated by the Framework ) Tj ET Q q 0 0 0 rg BT 413.01 435.20 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 452.40 435.20 Td (The term ) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 487.05078125 434.13359375 m 525.92578125 434.13359375 l s q 0 0 0 rg BT 487.05 435.20 Td (Bridge Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.93 435.20 Td ( refers to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 425.60 Td (May 29, 2014.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 407.00 Td (Contents) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 388.40 Td (I. Executive Summary) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 369.80 Td (II. ) Tj ET Q q 0 0 0 rg BT 59.93 369.80 Td (Analysis of Results of Operations and Financial Position) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 351.20 Td (III. Liquidity and Capital Resources) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 332.60 Td (IV) Tj ET Q q 0 0 0 rg BT 57.42 332.60 Td (. Critical ) Tj ET Q q 0 0 0 rg BT 88.01 332.60 Td (Accounting Policies and Estimates) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 314.00 Td (V) Tj ET Q q 0 0 0 rg BT 54.30 314.00 Td (. Related Party Matters) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (21) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (I. ) Tj ET Q q 0 0 0 rg BT 77.00 731.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 112.32 731.60 Td (Summary) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 713.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 68.89 713.00 Td (Strategy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 697.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.63 697.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 100.14 697.40 Td (comprise ) Tj ET Q q 0 0 0 rg BT 131.65 697.40 Td (a ) Tj ET Q q 0 0 0 rg BT 137.38 697.40 Td (unique ) Tj ET Q q 0 0 0 rg BT 161.34 697.40 Td (collection ) Tj ET Q q 0 0 0 rg BT 195.07 697.40 Td (of ) Tj ET Q q 0 0 0 rg BT 203.92 697.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 236.76 697.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 257.61 697.40 Td (across ) Tj ET Q q 0 0 0 rg BT 279.79 697.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 305.52 697.40 Td (and ) Tj ET Q q 0 0 0 rg BT 319.25 697.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 345.43 697.40 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 372.56 697.40 Td (The ) Tj ET Q q 0 0 0 rg BT 387.18 697.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 422.69 697.40 Td (in ) Tj ET Q q 0 0 0 rg BT 431.10 697.40 Td (each ) Tj ET Q q 0 0 0 rg BT 447.94 697.40 Td (country ) Tj ET Q q 0 0 0 rg BT 474.56 697.40 Td (enjoy ) Tj ET Q q 0 0 0 rg BT 494.52 697.40 Td (very ) Tj ET Q q 0 0 0 rg BT 510.92 697.40 Td (strong ) Tj ET Q q 0 0 0 rg BT 533.10 697.40 Td (positions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 687.80 Td (due ) Tj ET Q q 0 0 0 rg BT 63.84 687.80 Td (to ) Tj ET Q q 0 0 0 rg BT 72.35 687.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 103.06 687.80 Td (share ) Tj ET Q q 0 0 0 rg BT 122.23 687.80 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 159.39 687.80 Td (brand ) Tj ET Q q 0 0 0 rg BT 179.89 687.80 Td (strength, ) Tj ET Q q 0 0 0 rg BT 209.95 687.80 Td (strong ) Tj ET Q q 0 0 0 rg BT 232.24 687.80 Td (local ) Tj ET Q q 0 0 0 rg BT 250.07 687.80 Td (content, ) Tj ET Q q 0 0 0 rg BT 277.91 687.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.74 687.80 Td (the ) Tj ET Q q 0 0 0 rg BT 303.80 687.80 Td (depth ) Tj ET Q q 0 0 0 rg BT 323.87 687.80 Td (and ) Tj ET Q q 0 0 0 rg BT 337.70 687.80 Td (experience ) Tj ET Q q 0 0 0 rg BT 374.63 687.80 Td (of ) Tj ET Q q 0 0 0 rg BT 383.58 687.80 Td (country ) Tj ET Q q 0 0 0 rg BT 410.31 687.80 Td (management. ) Tj ET Q q 0 0 0 rg BT 455.46 687.80 Td (Historically) Tj ET Q q 0 0 0 rg BT 492.71 687.80 Td (, ) Tj ET Q q 0 0 0 rg BT 497.00 687.80 Td (these ) Tj ET Q q 0 0 0 rg BT 515.73 687.80 Td (strengths ) Tj ET Q q 0 0 0 rg BT 546.90 687.80 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 678.20 Td (supported ) Tj ET Q q 0 0 0 rg BT 83.66 678.20 Td (price ) Tj ET Q q 0 0 0 rg BT 101.76 678.20 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 138.75 678.20 Td (high ) Tj ET Q q 0 0 0 rg BT 155.08 678.20 Td (mar) Tj ET Q q 0 0 0 rg BT 167.37 678.20 Td (gins, ) Tj ET Q q 0 0 0 rg BT 184.82 678.20 Td (and ) Tj ET Q q 0 0 0 rg BT 198.48 678.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 230.80 678.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.13 678.20 Td (flows. ) Tj ET Q q 0 0 0 rg BT 268.86 678.20 Td (These ) Tj ET Q q 0 0 0 rg BT 290.07 678.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 329.95 678.20 Td (advantages ) Tj ET Q q 0 0 0 rg BT 367.60 678.20 Td (should ) Tj ET Q q 0 0 0 rg BT 391.04 678.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 417.59 678.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.48 678.20 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 468.92 678.20 Td (for ) Tj ET Q q 0 0 0 rg BT 480.36 678.20 Td (us ) Tj ET Q q 0 0 0 rg BT 489.58 678.20 Td (to ) Tj ET Q q 0 0 0 rg BT 497.91 678.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 522.23 678.20 Td (as ) Tj ET Q q 0 0 0 rg BT 531.01 678.20 Td (and ) Tj ET Q q 0 0 0 rg BT 544.67 678.20 Td (when ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 668.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 83.10 668.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 107.76 668.60 Td (resumes ) Tj ET Q q 0 0 0 rg BT 135.98 668.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.20 668.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.97 668.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 187.30 668.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.52 668.60 Td (which ) Tj ET Q q 0 0 0 rg BT 217.07 668.60 Td (we ) Tj ET Q q 0 0 0 rg BT 228.40 668.60 Td (operate.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 653.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 653.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.73 653.00 Td (are ) Tj ET Q q 0 0 0 rg BT 74.77 653.00 Td (focused ) Tj ET Q q 0 0 0 rg BT 101.91 653.00 Td (on ) Tj ET Q q 0 0 0 rg BT 112.18 653.00 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 147.33 653.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.37 653.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 202.06 653.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 653.00 Td (our ) Tj ET Q q 0 0 0 rg BT 223.93 653.00 Td (business ) Tj ET Q q 0 0 0 rg BT 253.31 653.00 Td (over ) Tj ET Q q 0 0 0 rg BT 269.79 653.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.84 653.00 Td (short- ) Tj ET Q q 0 0 0 rg BT 302.77 653.00 Td (and ) Tj ET Q q 0 0 0 rg BT 316.59 653.00 Td (medium-term ) Tj ET Q q 0 0 0 rg BT 362.40 653.00 Td (by ) Tj ET Q q 0 0 0 rg BT 372.67 653.00 Td (concentrating ) Tj ET Q q 0 0 0 rg BT 418.48 653.00 Td (on ) Tj ET Q q 0 0 0 rg BT 428.75 653.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.79 653.00 Td (core ) Tj ET Q q 0 0 0 rg BT 456.82 653.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 489.75 653.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.68 653.00 Td (in ) Tj ET Q q 0 0 0 rg BT 519.17 653.00 Td (each ) Tj ET Q q 0 0 0 rg BT 536.09 653.00 Td (country) Tj ET Q q 0 0 0 rg BT 560.01 653.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 643.40 Td (which ) Tj ET Q q 0 0 0 rg BT 71.62 643.40 Td (we ) Tj ET Q q 0 0 0 rg BT 83.01 643.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 105.95 643.40 Td (will ) Tj ET Q q 0 0 0 rg BT 120.46 643.40 Td (allow ) Tj ET Q q 0 0 0 rg BT 140.30 643.40 Td (us ) Tj ET Q q 0 0 0 rg BT 149.48 643.40 Td (to ) Tj ET Q q 0 0 0 rg BT 157.77 643.40 Td (improve ) Tj ET Q q 0 0 0 rg BT 186.50 643.40 Td (our ) Tj ET Q q 0 0 0 rg BT 199.23 643.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 229.28 643.40 Td (results ) Tj ET Q q 0 0 0 rg BT 252.23 643.40 Td (irrespective ) Tj ET Q q 0 0 0 rg BT 291.61 643.40 Td (of ) Tj ET Q q 0 0 0 rg BT 300.34 643.40 Td (any ) Tj ET Q q 0 0 0 rg BT 313.96 643.40 Td (recovery ) Tj ET Q q 0 0 0 rg BT 344.01 643.40 Td (in ) Tj ET Q q 0 0 0 rg BT 352.30 643.40 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 408.11 643.40 Td (trends. ) Tj ET Q q 0 0 0 rg BT 431.58 643.40 Td (The ) Tj ET Q q 0 0 0 rg BT 446.08 643.40 Td (main ) Tj ET Q q 0 0 0 rg BT 464.15 643.40 Td (elements ) Tj ET Q q 0 0 0 rg BT 494.65 643.40 Td (of ) Tj ET Q q 0 0 0 rg BT 503.38 643.40 Td (our ) Tj ET Q q 0 0 0 rg BT 516.11 643.40 Td (strategy ) Tj ET Q q 0 0 0 rg BT 543.50 643.40 Td (are ) Tj ET Q q 0 0 0 rg BT 555.33 643.40 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 633.80 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 618.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 618.80 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 126.21 618.80 Td (or ) Tj ET Q q 0 0 0 rg BT 134.88 618.80 Td (increasing ) Tj ET Q q 0 0 0 rg BT 169.75 618.80 Td (our ) Tj ET Q q 0 0 0 rg BT 182.42 618.80 Td (audience ) Tj ET Q q 0 0 0 rg BT 212.84 618.80 Td (and ) Tj ET Q q 0 0 0 rg BT 226.39 618.80 Td (market ) Tj ET Q q 0 0 0 rg BT 250.61 618.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 272.60 618.80 Td (in ) Tj ET Q q 0 0 0 rg BT 280.82 618.80 Td (all ) Tj ET Q q 0 0 0 rg BT 290.82 618.80 Td (of ) Tj ET Q q 0 0 0 rg BT 299.48 618.80 Td (our ) Tj ET Q q 0 0 0 rg BT 312.14 618.80 Td (markets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 603.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 603.80 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 121.76 603.80 Td (popular ) Tj ET Q q 0 0 0 rg BT 148.20 603.80 Td (content;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 588.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 588.80 Td (driving ) Tj ET Q q 0 0 0 rg BT 111.11 588.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 135.77 588.80 Td (in ) Tj ET Q q 0 0 0 rg BT 144.00 588.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 181.54 588.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 211.97 588.80 Td (through ) Tj ET Q q 0 0 0 rg BT 238.86 588.80 Td (our ) Tj ET Q q 0 0 0 rg BT 251.52 588.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 276.18 588.80 Td (strategies;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 573.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 573.80 Td (diversifying ) Tj ET Q q 0 0 0 rg BT 126.66 573.80 Td (our ) Tj ET Q q 0 0 0 rg BT 139.32 573.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 169.75 573.80 Td (with ) Tj ET Q q 0 0 0 rg BT 185.98 573.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 218.18 573.80 Td (carriage ) Tj ET Q q 0 0 0 rg BT 245.93 573.80 Td (fees;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 558.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 558.80 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 126.38 558.80 Td (our ) Tj ET Q q 0 0 0 rg BT 139.21 558.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 171.59 558.80 Td (leverage, ) Tj ET Q q 0 0 0 rg BT 202.85 558.80 Td (with ) Tj ET Q q 0 0 0 rg BT 219.24 558.80 Td (a ) Tj ET Q q 0 0 0 rg BT 224.96 558.80 Td (strong ) Tj ET Q q 0 0 0 rg BT 247.13 558.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 266.63 558.80 Td (on ) Tj ET Q q 0 0 0 rg BT 276.79 558.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 291.85 558.80 Td (control ) Tj ET Q q 0 0 0 rg BT 316.68 558.80 Td (to ) Tj ET Q q 0 0 0 rg BT 325.07 558.80 Td (protect ) Tj ET Q q 0 0 0 rg BT 349.45 558.80 Td (both ) Tj ET Q q 0 0 0 rg BT 365.84 558.80 Td (profitability ) Tj ET Q q 0 0 0 rg BT 406.22 558.80 Td (and ) Tj ET Q q 0 0 0 rg BT 419.94 558.80 Td (liquidity) Tj ET Q q 0 0 0 rg BT 446.53 558.80 Td (, ) Tj ET Q q 0 0 0 rg BT 450.70 558.80 Td (while ) Tj ET Q q 0 0 0 rg BT 470.64 558.80 Td (safeguarding ) Tj ET Q q 0 0 0 rg BT 514.13 558.80 Td (our ) Tj ET Q q 0 0 0 rg BT 526.96 558.80 Td (brands ) Tj ET Q q 0 0 0 rg BT 550.45 558.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 549.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 125.77 549.20 Td (strengths; ) Tj ET Q q 0 0 0 rg BT 158.88 549.20 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 534.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 534.20 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 122.66 534.20 Td (our ) Tj ET Q q 0 0 0 rg BT 135.33 534.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 158.65 534.20 Td (structure ) Tj ET Q q 0 0 0 rg BT 188.64 534.20 Td (to ) Tj ET Q q 0 0 0 rg BT 196.86 534.20 Td (help ) Tj ET Q q 0 0 0 rg BT 212.63 534.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 241.72 534.20 Td (positive ) Tj ET Q q 0 0 0 rg BT 269.05 534.20 Td (free ) Tj ET Q q 0 0 0 rg BT 283.48 534.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.70 534.20 Td (flows.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 518.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.90 518.60 Td (leading ) Tj ET Q q 0 0 0 rg BT 90.90 518.60 Td (position ) Tj ET Q q 0 0 0 rg BT 119.14 518.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.82 518.60 Td (each ) Tj ET Q q 0 0 0 rg BT 144.93 518.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.06 518.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.18 518.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 198.96 518.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 228.97 518.60 Td (us ) Tj ET Q q 0 0 0 rg BT 238.54 518.60 Td (with ) Tj ET Q q 0 0 0 rg BT 255.22 518.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.45 518.60 Td (visibility ) Tj ET Q q 0 0 0 rg BT 298.36 518.60 Td (to ) Tj ET Q q 0 0 0 rg BT 307.04 518.60 Td (timely ) Tj ET Q q 0 0 0 rg BT 329.94 518.60 Td (identify ) Tj ET Q q 0 0 0 rg BT 357.28 518.60 Td (new ) Tj ET Q q 0 0 0 rg BT 373.07 518.60 Td (challenges ) Tj ET Q q 0 0 0 rg BT 409.29 518.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.30 518.60 Td (adjust ) Tj ET Q q 0 0 0 rg BT 444.86 518.60 Td (our ) Tj ET Q q 0 0 0 rg BT 457.99 518.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 485.77 518.60 Td (as ) Tj ET Q q 0 0 0 rg BT 494.89 518.60 Td (new ) Tj ET Q q 0 0 0 rg BT 510.68 518.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 555.35 518.60 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 509.00 Td (threats ) Tj ET Q q 0 0 0 rg BT 73.32 509.00 Td (arise.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 493.40 Td (Structur) Tj ET Q q 0 0 0 rg BT 75.93 493.40 Td (e ) Tj ET Q q 0 0 0 rg BT 81.48 493.40 Td (of ) Tj ET Q q 0 0 0 rg BT 89.70 493.40 Td (Operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.80 Td (From ) Tj ET Q q 0 0 0 rg BT 69.24 477.80 Td (January ) Tj ET Q q 0 0 0 rg BT 96.01 477.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 103.91 477.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 123.81 477.80 Td (we ) Tj ET Q q 0 0 0 rg BT 135.04 477.80 Td (have ) Tj ET Q q 0 0 0 rg BT 152.04 477.80 Td (managed ) Tj ET Q q 0 0 0 rg BT 182.82 477.80 Td (our ) Tj ET Q q 0 0 0 rg BT 195.38 477.80 Td (business ) Tj ET Q q 0 0 0 rg BT 224.39 477.80 Td (on ) Tj ET Q q 0 0 0 rg BT 234.29 477.80 Td (a ) Tj ET Q q 0 0 0 rg BT 239.74 477.80 Td (geographical ) Tj ET Q q 0 0 0 rg BT 282.95 477.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 300.85 477.80 Td (with ) Tj ET Q q 0 0 0 rg BT 316.97 477.80 Td (six ) Tj ET Q q 0 0 0 rg BT 328.21 477.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 360.32 477.80 Td (segments: ) Tj ET Q q 0 0 0 rg BT 394.22 477.80 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 425.66 477.80 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 453.11 477.80 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 477.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 486.67 477.80 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 519.45 477.80 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 552.23 477.80 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 468.20 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 73.99 468.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 104.65 468.20 Td (and ) Tj ET Q q 0 0 0 rg BT 117.97 468.20 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 149.61 468.20 Td (These ) Tj ET Q q 0 0 0 rg BT 170.48 468.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 202.46 468.20 Td (segments, ) Tj ET Q q 0 0 0 rg BT 236.00 468.20 Td (which ) Tj ET Q q 0 0 0 rg BT 257.33 468.20 Td (are ) Tj ET Q q 0 0 0 rg BT 268.86 468.20 Td (also ) Tj ET Q q 0 0 0 rg BT 283.52 468.20 Td (our ) Tj ET Q q 0 0 0 rg BT 295.95 468.20 Td (reportable ) Tj ET Q q 0 0 0 rg BT 330.15 468.20 Td (segments, ) Tj ET Q q 0 0 0 rg BT 363.69 468.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 385.89 468.20 Td (how ) Tj ET Q q 0 0 0 rg BT 401.44 468.20 Td (our ) Tj ET Q q 0 0 0 rg BT 413.87 468.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 448.97 468.20 Td (are ) Tj ET Q q 0 0 0 rg BT 460.50 468.20 Td (managed ) Tj ET Q q 0 0 0 rg BT 491.15 468.20 Td (by ) Tj ET Q q 0 0 0 rg BT 500.92 468.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 529.35 468.20 Td (managers, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 458.60 Td (how ) Tj ET Q q 0 0 0 rg BT 66.09 458.60 Td (our ) Tj ET Q q 0 0 0 rg BT 79.07 458.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 111.60 458.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 154.33 458.60 Td (is ) Tj ET Q q 0 0 0 rg BT 161.98 458.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 194.94 458.60 Td (by ) Tj ET Q q 0 0 0 rg BT 205.26 458.60 Td (our ) Tj ET Q q 0 0 0 rg BT 218.23 458.60 Td (chief ) Tj ET Q q 0 0 0 rg BT 236.54 458.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.06 458.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 298.04 458.60 Td (makers ) Tj ET Q q 0 0 0 rg BT 323.45 458.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.32 458.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.41 458.60 Td (structure ) Tj ET Q q 0 0 0 rg BT 379.71 458.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.69 458.60 Td (our ) Tj ET Q q 0 0 0 rg BT 401.67 458.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 428.41 458.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 458.71 458.60 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 492.18 458.60 Td (W) Tj ET Q q 0 0 0 rg BT 499.09 458.60 Td (e ) Tj ET Q q 0 0 0 rg BT 504.96 458.60 Td (have ) Tj ET Q q 0 0 0 rg BT 522.38 458.60 Td (changed ) Tj ET Q q 0 0 0 rg BT 551.34 458.60 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 449.00 Td (presentation ) Tj ET Q q 0 0 0 rg BT 91.19 449.00 Td (of ) Tj ET Q q 0 0 0 rg BT 99.94 449.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 123.80 449.00 Td (components ) Tj ET Q q 0 0 0 rg BT 164.55 449.00 Td (of ) Tj ET Q q 0 0 0 rg BT 173.30 449.00 Td (our ) Tj ET Q q 0 0 0 rg BT 186.06 449.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 218.36 449.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 249.33 449.00 Td (to ) Tj ET Q q 0 0 0 rg BT 257.64 449.00 Td (better ) Tj ET Q q 0 0 0 rg BT 277.94 449.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 300.46 449.00 Td (how ) Tj ET Q q 0 0 0 rg BT 316.33 449.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 331.31 449.00 Td (centers ) Tj ET Q q 0 0 0 rg BT 356.05 449.00 Td (are ) Tj ET Q q 0 0 0 rg BT 367.91 449.00 Td (managed ) Tj ET Q q 0 0 0 rg BT 398.87 449.00 Td (under ) Tj ET Q q 0 0 0 rg BT 419.18 449.00 Td (our ) Tj ET Q q 0 0 0 rg BT 431.93 449.00 Td (new ) Tj ET Q q 0 0 0 rg BT 447.35 449.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 479.65 449.00 Td (model, ) Tj ET Q q 0 0 0 rg BT 503.74 449.00 Td (with ) Tj ET Q q 0 0 0 rg BT 520.05 449.00 Td (no ) Tj ET Q q 0 0 0 rg BT 530.14 449.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 554.00 449.00 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 439.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 92.46 439.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 124.69 439.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 139.17 439.40 Td (or ) Tj ET Q q 0 0 0 rg BT 147.86 439.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.09 439.40 Td (flows. ) Tj ET Q q 0 0 0 rg BT 185.75 439.40 Td (The ) Tj ET Q q 0 0 0 rg BT 200.21 439.40 Td (change ) Tj ET Q q 0 0 0 rg BT 224.89 439.40 Td (in ) Tj ET Q q 0 0 0 rg BT 233.14 439.40 Td (our ) Tj ET Q q 0 0 0 rg BT 245.82 439.40 Td (reportable ) Tj ET Q q 0 0 0 rg BT 280.27 439.40 Td (segments ) Tj ET Q q 0 0 0 rg BT 312.07 439.40 Td (has ) Tj ET Q q 0 0 0 rg BT 324.76 439.40 Td (been ) Tj ET Q q 0 0 0 rg BT 341.89 439.40 Td (reflected ) Tj ET Q q 0 0 0 rg BT 371.89 439.40 Td (in ) Tj ET Q q 0 0 0 rg BT 380.13 439.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 396.82 439.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.84 439.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 422.42 439.40 Td (20, ) Tj ET Q q 0 0 0 rg BT 434.44 439.40 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 467.73 439.40 Td (Data") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.10 439.40 Td (, ) Tj ET Q q 0 0 0 rg BT 490.12 439.40 Td (as ) Tj ET Q q 0 0 0 rg BT 498.81 439.40 Td (well ) Tj ET Q q 0 0 0 rg BT 514.61 439.40 Td (as ) Tj ET Q q 0 0 0 rg BT 523.30 439.40 Td (in ) Tj ET Q q 0 0 0 rg BT 531.54 439.40 Td (the ) Tj ET Q q 0 0 0 rg BT 543.34 439.40 Td (tables ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 429.80 Td (below) Tj ET Q q 0 0 0 rg BT 69.03 429.80 Td (, ) Tj ET Q q 0 0 0 rg BT 72.77 429.80 Td (and ) Tj ET Q q 0 0 0 rg BT 86.05 429.80 Td (the ) Tj ET Q q 0 0 0 rg BT 97.56 429.80 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 145.07 429.80 Td (information ) Tj ET Q q 0 0 0 rg BT 184.57 429.80 Td (for ) Tj ET Q q 0 0 0 rg BT 195.64 429.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 234.69 429.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 259.97 429.80 Td (has ) Tj ET Q q 0 0 0 rg BT 272.37 429.80 Td (been ) Tj ET Q q 0 0 0 rg BT 289.21 429.80 Td (recast ) Tj ET Q q 0 0 0 rg BT 309.60 429.80 Td (to ) Tj ET Q q 0 0 0 rg BT 317.56 429.80 Td (conform ) Tj ET Q q 0 0 0 rg BT 346.40 429.80 Td (to ) Tj ET Q q 0 0 0 rg BT 354.36 429.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.87 429.80 Td (current ) Tj ET Q q 0 0 0 rg BT 390.25 429.80 Td (period ) Tj ET Q q 0 0 0 rg BT 412.43 429.80 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 455.14 429.80 Td (The ) Tj ET Q q 0 0 0 rg BT 469.31 429.80 Td (change ) Tj ET Q q 0 0 0 rg BT 493.70 429.80 Td (in ) Tj ET Q q 0 0 0 rg BT 501.66 429.80 Td (composition ) Tj ET Q q 0 0 0 rg BT 542.95 429.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.35 429.80 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 420.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 82.21 420.20 Td (segments ) Tj ET Q q 0 0 0 rg BT 113.98 420.20 Td (had ) Tj ET Q q 0 0 0 rg BT 127.54 420.20 Td (no ) Tj ET Q q 0 0 0 rg BT 137.54 420.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.30 420.20 Td (on ) Tj ET Q q 0 0 0 rg BT 171.30 420.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 207.08 420.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 235.73 420.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 278.16 420.20 Td (net ) Tj ET Q q 0 0 0 rg BT 289.94 420.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 320.37 420.20 Td (or ) Tj ET Q q 0 0 0 rg BT 329.03 420.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 371.46 420.20 Td (net ) Tj ET Q q 0 0 0 rg BT 383.24 420.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 397.69 420.20 Td (for ) Tj ET Q q 0 0 0 rg BT 409.02 420.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.79 420.20 Td (years ) Tj ET Q q 0 0 0 rg BT 439.67 420.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 460.77 420.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 507.64 420.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 525.64 420.20 Td (and ) Tj ET Q q 0 0 0 rg BT 539.19 420.20 Td (201) Tj ET Q q 0 0 0 rg BT 550.89 420.20 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 404.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 404.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.65 404.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 91.48 404.60 Td (the ) Tj ET Q q 0 0 0 rg BT 103.45 404.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 146.05 404.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.90 404.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.75 404.60 Td (segments ) Tj ET Q q 0 0 0 rg BT 199.71 404.60 Td (based ) Tj ET Q q 0 0 0 rg BT 220.12 404.60 Td (on ) Tj ET Q q 0 0 0 rg BT 230.30 404.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 244.04 404.60 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 277.33 404.60 Td (and ) Tj ET Q q 0 0 0 rg BT 291.07 404.60 Td (OIBDA. ) Tj ET Q q 0 0 0 rg BT 320.59 404.60 Td (OIBDA, ) Tj ET Q q 0 0 0 rg BT 350.11 404.60 Td (which ) Tj ET Q q 0 0 0 rg BT 371.85 404.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 400.70 404.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 443.31 404.60 Td (and ) Tj ET Q q 0 0 0 rg BT 457.05 404.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 496.12 404.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.97 404.60 Td (program ) Tj ET Q q 0 0 0 rg BT 534.26 404.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 556.67 404.60 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 395.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 87.60 395.00 Td (as ) Tj ET Q q 0 0 0 rg BT 95.87 395.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.69 395.00 Td (income ) Tj ET Q q 0 0 0 rg BT 152.85 395.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 156.69 395.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 170.75 395.00 Td (before ) Tj ET Q q 0 0 0 rg BT 192.79 395.00 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 235.93 395.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 277.97 395.00 Td (of ) Tj ET Q q 0 0 0 rg BT 286.25 395.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 319.85 395.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.13 395.00 Td (and ) Tj ET Q q 0 0 0 rg BT 353.29 395.00 Td (impairments ) Tj ET Q q 0 0 0 rg BT 394.89 395.00 Td (of ) Tj ET Q q 0 0 0 rg BT 403.17 395.00 Td (assets. ) Tj ET Q q 0 0 0 rg BT 425.45 395.00 Td (Items ) Tj ET Q q 0 0 0 rg BT 444.83 395.00 Td (that ) Tj ET Q q 0 0 0 rg BT 458.44 395.00 Td (are ) Tj ET Q q 0 0 0 rg BT 469.81 395.00 Td (not ) Tj ET Q q 0 0 0 rg BT 481.65 395.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 512.13 395.00 Td (to ) Tj ET Q q 0 0 0 rg BT 519.96 395.00 Td (our ) Tj ET Q q 0 0 0 rg BT 532.24 395.00 Td (segments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 385.40 Td (for ) Tj ET Q q 0 0 0 rg BT 61.33 385.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 91.77 385.40 Td (of ) Tj ET Q q 0 0 0 rg BT 100.43 385.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 135.75 385.40 Td (their ) Tj ET Q q 0 0 0 rg BT 152.41 385.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 194.83 385.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.38 385.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 239.25 385.40 Td (are ) Tj ET Q q 0 0 0 rg BT 251.02 385.40 Td (not ) Tj ET Q q 0 0 0 rg BT 263.24 385.40 Td (included ) Tj ET Q q 0 0 0 rg BT 292.79 385.40 Td (in ) Tj ET Q q 0 0 0 rg BT 301.01 385.40 Td (their ) Tj ET Q q 0 0 0 rg BT 317.67 385.40 Td (OIBDA, ) Tj ET Q q 0 0 0 rg BT 347.00 385.40 Td (include ) Tj ET Q q 0 0 0 rg BT 372.55 385.40 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 412.31 385.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 458.75 385.40 Td (and ) Tj ET Q q 0 0 0 rg BT 472.30 385.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 496.06 385.40 Td (other ) Tj ET Q q 0 0 0 rg BT 514.50 385.40 Td (items.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.22 369.80 Td (key ) Tj ET Q q 0 0 0 rg BT 77.54 369.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 119.73 369.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 148.16 369.80 Td (of ) Tj ET Q q 0 0 0 rg BT 156.60 369.80 Td (the ) Tj ET Q q 0 0 0 rg BT 168.15 369.80 Td (ef) Tj ET Q q 0 0 0 rg BT 174.22 369.80 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 201.75 369.80 Td (of ) Tj ET Q q 0 0 0 rg BT 210.19 369.80 Td (our ) Tj ET Q q 0 0 0 rg BT 222.63 369.80 Td (segments ) Tj ET Q q 0 0 0 rg BT 254.18 369.80 Td (is ) Tj ET Q q 0 0 0 rg BT 261.29 369.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 286.18 369.80 Td ( ) Tj ET Q q 0 0 0 rg BT 287.95 369.80 Td (mar) Tj ET Q q 0 0 0 rg BT 300.25 369.80 Td (gin. ) Tj ET Q q 0 0 0 rg BT 314.11 369.80 Td (W) Tj ET Q q 0 0 0 rg BT 321.02 369.80 Td (e ) Tj ET Q q 0 0 0 rg BT 326.35 369.80 Td (define ) Tj ET Q q 0 0 0 rg BT 348.11 369.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 373.00 369.80 Td ( ) Tj ET Q q 0 0 0 rg BT 374.78 369.80 Td (mar) Tj ET Q q 0 0 0 rg BT 387.07 369.80 Td (gin ) Tj ET Q q 0 0 0 rg BT 399.07 369.80 Td (as ) Tj ET Q q 0 0 0 rg BT 407.51 369.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.05 369.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 435.49 369.80 Td (of ) Tj ET Q q 0 0 0 rg BT 443.93 369.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 468.82 369.80 Td ( ) Tj ET Q q 0 0 0 rg BT 470.59 369.80 Td (to ) Tj ET Q q 0 0 0 rg BT 478.59 369.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 491.91 369.80 Td (Revenues. ) Tj ET Q q 0 0 0 rg BT 526.66 369.80 Td (W) Tj ET Q q 0 0 0 rg BT 533.57 369.80 Td (e ) Tj ET Q q 0 0 0 rg BT 538.90 369.80 Td (believe ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 360.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 74.89 360.20 Td ( ) Tj ET Q q 0 0 0 rg BT 77.03 360.20 Td (is ) Tj ET Q q 0 0 0 rg BT 84.51 360.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 106.20 360.20 Td (to ) Tj ET Q q 0 0 0 rg BT 114.56 360.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 145.58 360.20 Td (because ) Tj ET Q q 0 0 0 rg BT 173.04 360.20 Td (it ) Tj ET Q q 0 0 0 rg BT 179.63 360.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 209.32 360.20 Td (a ) Tj ET Q q 0 0 0 rg BT 215.01 360.20 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 253.58 360.20 Td (representation ) Tj ET Q q 0 0 0 rg BT 301.03 360.20 Td (of ) Tj ET Q q 0 0 0 rg BT 309.84 360.20 Td (our ) Tj ET Q q 0 0 0 rg BT 322.64 360.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 365.20 360.20 Td (as ) Tj ET Q q 0 0 0 rg BT 374.00 360.20 Td (it ) Tj ET Q q 0 0 0 rg BT 380.59 360.20 Td (excludes ) Tj ET Q q 0 0 0 rg BT 410.71 360.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 434.62 360.20 Td (items ) Tj ET Q q 0 0 0 rg BT 454.09 360.20 Td (that ) Tj ET Q q 0 0 0 rg BT 468.22 360.20 Td (either ) Tj ET Q q 0 0 0 rg BT 488.57 360.20 Td (do ) Tj ET Q q 0 0 0 rg BT 498.71 360.20 Td (not ) Tj ET Q q 0 0 0 rg BT 511.08 360.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 534.98 360.20 Td (our ) Tj ET Q q 0 0 0 rg BT 547.79 360.20 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 350.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 69.48 350.60 Td (or ) Tj ET Q q 0 0 0 rg BT 77.85 350.60 Td (the ) Tj ET Q q 0 0 0 rg BT 89.33 350.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 121.25 350.60 Td (results ) Tj ET Q q 0 0 0 rg BT 143.84 350.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.21 350.60 Td (our ) Tj ET Q q 0 0 0 rg BT 164.58 350.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 201.61 350.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 226.50 350.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.21 350.60 Td (is ) Tj ET Q q 0 0 0 rg BT 235.25 350.60 Td (also ) Tj ET Q q 0 0 0 rg BT 249.84 350.60 Td (used ) Tj ET Q q 0 0 0 rg BT 266.21 350.60 Td (as ) Tj ET Q q 0 0 0 rg BT 274.58 350.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.84 350.60 Td (component ) Tj ET Q q 0 0 0 rg BT 317.09 350.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.02 350.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 365.39 350.60 Td (management ) Tj ET Q q 0 0 0 rg BT 407.96 350.60 Td (bonuses. ) Tj ET Q q 0 0 0 rg BT 437.45 350.60 Td (Intersegment ) Tj ET Q q 0 0 0 rg BT 480.91 350.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 511.05 350.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.31 350.60 Td (profits ) Tj ET Q q 0 0 0 rg BT 546.90 350.60 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 341.00 Td (been ) Tj ET Q q 0 0 0 rg BT 67.10 341.00 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 102.87 341.00 Td (on ) Tj ET Q q 0 0 0 rg BT 112.87 341.00 Td (consolidation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 325.40 Td (Free ) Tj ET Q q 0 0 0 rg BT 65.89 325.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 81.78 325.40 Td (flow ) Tj ET Q q 0 0 0 rg BT 98.12 325.40 Td (is ) Tj ET Q q 0 0 0 rg BT 105.13 325.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 130.79 325.40 Td (as ) Tj ET Q q 0 0 0 rg BT 139.13 325.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.01 325.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 174.46 325.40 Td (from ) Tj ET Q q 0 0 0 rg BT 191.69 325.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 223.57 325.40 Td (activities ) Tj ET Q q 0 0 0 rg BT 254.13 325.40 Td (less ) Tj ET Q q 0 0 0 rg BT 267.80 325.40 Td (purchases ) Tj ET Q q 0 0 0 rg BT 301.02 325.40 Td (of ) Tj ET Q q 0 0 0 rg BT 309.36 325.40 Td (property) Tj ET Q q 0 0 0 rg BT 335.94 325.40 Td (, ) Tj ET Q q 0 0 0 rg BT 339.61 325.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 357.28 325.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.51 325.40 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 407.95 325.40 Td (net ) Tj ET Q q 0 0 0 rg BT 419.40 325.40 Td (of ) Tj ET Q q 0 0 0 rg BT 427.73 325.40 Td (disposals ) Tj ET Q q 0 0 0 rg BT 458.74 325.40 Td (of ) Tj ET Q q 0 0 0 rg BT 467.08 325.40 Td (property) Tj ET Q q 0 0 0 rg BT 493.66 325.40 Td (, ) Tj ET Q q 0 0 0 rg BT 497.34 325.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 515.01 325.40 Td (and ) Tj ET Q q 0 0 0 rg BT 528.23 325.40 Td (equipment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 315.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.61 315.80 Td (is ) Tj ET Q q 0 0 0 rg BT 71.01 315.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 92.63 315.80 Td (as ) Tj ET Q q 0 0 0 rg BT 101.35 315.80 Td (a ) Tj ET Q q 0 0 0 rg BT 106.96 315.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 135.68 315.80 Td (of ) Tj ET Q q 0 0 0 rg BT 144.41 315.80 Td (our ) Tj ET Q q 0 0 0 rg BT 157.13 315.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 179.64 315.80 Td (to ) Tj ET Q q 0 0 0 rg BT 187.92 315.80 Td (generate ) Tj ET Q q 0 0 0 rg BT 217.07 315.80 Td (cash. ) Tj ET Q q 0 0 0 rg BT 235.35 315.80 Td (OIBDA, ) Tj ET Q q 0 0 0 rg BT 264.75 315.80 Td (as ) Tj ET Q q 0 0 0 rg BT 273.47 315.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 299.52 315.80 Td (above, ) Tj ET Q q 0 0 0 rg BT 322.69 315.80 Td (and ) Tj ET Q q 0 0 0 rg BT 336.30 315.80 Td (free ) Tj ET Q q 0 0 0 rg BT 350.79 315.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 367.07 315.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 383.80 315.80 Td (may ) Tj ET Q q 0 0 0 rg BT 399.63 315.80 Td (not ) Tj ET Q q 0 0 0 rg BT 411.92 315.80 Td (be ) Tj ET Q q 0 0 0 rg BT 421.53 315.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 460.91 315.80 Td (to ) Tj ET Q q 0 0 0 rg BT 469.19 315.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 493.47 315.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 525.30 315.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 554.02 315.80 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 306.20 Td (other ) Tj ET Q q 0 0 0 rg BT 67.92 306.20 Td (companies. ) Tj ET Q q 0 0 0 rg BT 105.61 306.20 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 143.54 306.20 Td ( ) Tj ET Q q 0 0 0 rg BT 145.02 306.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.48 306.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 205.73 306.20 Td (should ) Tj ET Q q 0 0 0 rg BT 228.55 306.20 Td (be ) Tj ET Q q 0 0 0 rg BT 237.58 306.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 269.71 306.20 Td (in ) Tj ET Q q 0 0 0 rg BT 277.42 306.20 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 316.67 306.20 Td (with, ) Tj ET Q q 0 0 0 rg BT 334.37 306.20 Td (and ) Tj ET Q q 0 0 0 rg BT 347.40 306.20 Td (are ) Tj ET Q q 0 0 0 rg BT 358.65 306.20 Td (not ) Tj ET Q q 0 0 0 rg BT 370.35 306.20 Td (a ) Tj ET Q q 0 0 0 rg BT 375.39 306.20 Td (substitute ) Tj ET Q q 0 0 0 rg BT 407.54 306.20 Td (for) Tj ET Q q 0 0 0 rg BT 416.54 306.20 Td (, ) Tj ET Q q 0 0 0 rg BT 420.02 306.20 Td (US ) Tj ET Q q 0 0 0 rg BT 431.73 306.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 453.22 306.20 Td ( ) Tj ET Q q 0 0 0 rg BT 454.70 306.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.16 306.20 Td (measures. ) Tj ET Q q 0 0 0 rg BT 517.41 306.20 Td (For ) Tj ET Q q 0 0 0 rg BT 530.01 306.20 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 296.60 Td (information ) Tj ET Q q 0 0 0 rg BT 89.77 296.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 122.42 296.60 Td (our ) Tj ET Q q 0 0 0 rg BT 135.09 296.60 Td (business ) Tj ET Q q 0 0 0 rg BT 164.20 296.60 Td (segments, ) Tj ET Q q 0 0 0 rg BT 197.97 296.60 Td (including ) Tj ET Q q 0 0 0 rg BT 230.19 296.60 Td (a ) Tj ET Q q 0 0 0 rg BT 235.74 296.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 281.72 296.60 Td (to ) Tj ET Q q 0 0 0 rg BT 289.95 296.60 Td (US ) Tj ET Q q 0 0 0 rg BT 302.17 296.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 323.66 296.60 Td ( ) Tj ET Q q 0 0 0 rg BT 325.66 296.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 355.64 296.60 Td (measures, ) Tj ET Q q 0 0 0 rg BT 389.41 296.60 Td (see ) Tj ET Q q 0 0 0 rg BT 401.62 296.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 418.28 296.60 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.28 296.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 443.83 296.60 Td (20, ) Tj ET Q q 0 0 0 rg BT 455.83 296.60 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 489.09 296.60 Td (Data") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.46 296.60 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 278.00 Td (Summary ) Tj ET Q q 0 0 0 rg BT 82.22 278.00 Td (of ) Tj ET Q q 0 0 0 rg BT 90.44 278.00 Td (Results) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 262.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.23 262.40 Td (following ) Tj ET Q q 0 0 0 rg BT 97.14 262.40 Td (sections ) Tj ET Q q 0 0 0 rg BT 124.71 262.40 Td (contain ) Tj ET Q q 0 0 0 rg BT 150.05 262.40 Td (references ) Tj ET Q q 0 0 0 rg BT 184.71 262.40 Td (to ) Tj ET Q q 0 0 0 rg BT 192.73 262.40 Td (like-for) Tj ET Q q 0 0 0 rg BT 216.56 262.40 Td (-like ) Tj ET Q q 0 0 0 rg BT 233.02 262.40 Td (\(% ) Tj ET Q q 0 0 0 rg BT 247.69 262.40 Td (Lfl\), ) Tj ET Q q 0 0 0 rg BT 267.48 262.40 Td (or ) Tj ET Q q 0 0 0 rg BT 275.94 262.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 304.39 262.40 Td (currency) Tj ET Q q 0 0 0 rg BT 331.86 262.40 Td (, ) Tj ET Q q 0 0 0 rg BT 335.65 262.40 Td (percentage ) Tj ET Q q 0 0 0 rg BT 372.09 262.40 Td (movements. ) Tj ET Q q 0 0 0 rg BT 412.64 262.40 Td (These ) Tj ET Q q 0 0 0 rg BT 433.54 262.40 Td (references ) Tj ET Q q 0 0 0 rg BT 468.19 262.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 490.42 262.40 Td (the ) Tj ET Q q 0 0 0 rg BT 501.99 262.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 525.55 262.40 Td (of ) Tj ET Q q 0 0 0 rg BT 534.01 262.40 Td (applying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 252.80 Td (the ) Tj ET Q q 0 0 0 rg BT 62.03 252.80 Td (current ) Tj ET Q q 0 0 0 rg BT 86.94 252.80 Td (period ) Tj ET Q q 0 0 0 rg BT 109.63 252.80 Td (average ) Tj ET Q q 0 0 0 rg BT 136.76 252.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 169.22 252.80 Td (rates ) Tj ET Q q 0 0 0 rg BT 186.58 252.80 Td (to ) Tj ET Q q 0 0 0 rg BT 195.06 252.80 Td (the ) Tj ET Q q 0 0 0 rg BT 207.09 252.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 224.89 252.80 Td (period ) Tj ET Q q 0 0 0 rg BT 247.59 252.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 278.27 252.80 Td (and ) Tj ET Q q 0 0 0 rg BT 292.08 252.80 Td (costs. ) Tj ET Q q 0 0 0 rg BT 312.34 252.80 Td (Given ) Tj ET Q q 0 0 0 rg BT 334.15 252.80 Td (the ) Tj ET Q q 0 0 0 rg BT 346.18 252.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.20 252.80 Td (movement ) Tj ET Q q 0 0 0 rg BT 418.23 252.80 Td (of ) Tj ET Q q 0 0 0 rg BT 427.15 252.80 Td (the ) Tj ET Q q 0 0 0 rg BT 439.18 252.80 Td (currencies ) Tj ET Q q 0 0 0 rg BT 474.30 252.80 Td (in ) Tj ET Q q 0 0 0 rg BT 482.78 252.80 Td (the ) Tj ET Q q 0 0 0 rg BT 494.81 252.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 522.40 252.80 Td (in ) Tj ET Q q 0 0 0 rg BT 530.88 252.80 Td (which ) Tj ET Q q 0 0 0 rg BT 552.68 252.80 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 243.20 Td (operate ) Tj ET Q q 0 0 0 rg BT 75.50 243.20 Td (against ) Tj ET Q q 0 0 0 rg BT 100.13 243.20 Td (the ) Tj ET Q q 0 0 0 rg BT 111.86 243.20 Td (dollar) Tj ET Q q 0 0 0 rg BT 130.20 243.20 Td (, ) Tj ET Q q 0 0 0 rg BT 134.16 243.20 Td (we ) Tj ET Q q 0 0 0 rg BT 145.46 243.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 170.52 243.20 Td (that ) Tj ET Q q 0 0 0 rg BT 184.47 243.20 Td (it ) Tj ET Q q 0 0 0 rg BT 190.88 243.20 Td (is ) Tj ET Q q 0 0 0 rg BT 198.18 243.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 219.70 243.20 Td (to ) Tj ET Q q 0 0 0 rg BT 227.88 243.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 254.28 243.20 Td (percentage ) Tj ET Q q 0 0 0 rg BT 290.88 243.20 Td (movements ) Tj ET Q q 0 0 0 rg BT 329.73 243.20 Td (based ) Tj ET Q q 0 0 0 rg BT 349.91 243.20 Td (on ) Tj ET Q q 0 0 0 rg BT 359.87 243.20 Td (like-for) Tj ET Q q 0 0 0 rg BT 383.70 243.20 Td (-like ) Tj ET Q q 0 0 0 rg BT 400.32 243.20 Td (percentage ) Tj ET Q q 0 0 0 rg BT 436.93 243.20 Td (movements ) Tj ET Q q 0 0 0 rg BT 475.77 243.20 Td (as ) Tj ET Q q 0 0 0 rg BT 484.40 243.20 Td (well ) Tj ET Q q 0 0 0 rg BT 500.13 243.20 Td (as ) Tj ET Q q 0 0 0 rg BT 508.76 243.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 529.82 243.20 Td (\(% ) Tj ET Q q 0 0 0 rg BT 544.23 243.20 Td (Act\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 233.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 86.81 233.60 Td (movements ) Tj ET Q q 0 0 0 rg BT 125.87 233.60 Td (\(which ) Tj ET Q q 0 0 0 rg BT 150.26 233.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 179.09 233.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.04 233.60 Td (ef) Tj ET Q q 0 0 0 rg BT 197.11 233.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 211.27 233.60 Td (of ) Tj ET Q q 0 0 0 rg BT 220.10 233.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 245.38 233.60 Td (exchange\). ) Tj ET Q q 0 0 0 rg BT 282.42 233.60 Td (Unless ) Tj ET Q q 0 0 0 rg BT 306.37 233.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 339.64 233.60 Td (stated, ) Tj ET Q q 0 0 0 rg BT 362.48 233.60 Td (all ) Tj ET Q q 0 0 0 rg BT 372.65 233.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 409.46 233.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 440.95 233.60 Td (or ) Tj ET Q q 0 0 0 rg BT 449.79 233.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 482.60 233.60 Td (in ) Tj ET Q q 0 0 0 rg BT 491.00 233.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.94 233.60 Td (following ) Tj ET Q q 0 0 0 rg BT 536.23 233.60 Td (analysis ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 224.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 67.09 224.00 Td (to ) Tj ET Q q 0 0 0 rg BT 75.32 224.00 Td (year) Tj ET Q q 0 0 0 rg BT 88.92 224.00 Td (-on-year ) Tj ET Q q 0 0 0 rg BT 118.02 224.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 154.66 224.00 Td (changes.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 208.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 208.40 Td (following ) Tj ET Q q 0 0 0 rg BT 97.55 208.40 Td (tables ) Tj ET Q q 0 0 0 rg BT 118.21 208.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 144.64 208.40 Td (a ) Tj ET Q q 0 0 0 rg BT 150.20 208.40 Td (summary ) Tj ET Q q 0 0 0 rg BT 181.97 208.40 Td (of ) Tj ET Q q 0 0 0 rg BT 190.63 208.40 Td (our ) Tj ET Q q 0 0 0 rg BT 203.30 208.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 245.73 208.40 Td (results ) Tj ET Q q 0 0 0 rg BT 268.62 208.40 Td (for ) Tj ET Q q 0 0 0 rg BT 279.95 208.40 Td (the ) Tj ET Q q 0 0 0 rg BT 291.72 208.40 Td (years ) Tj ET Q q 0 0 0 rg BT 310.60 208.40 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.70 208.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 378.57 208.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.57 208.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.57 208.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.57 208.40 Td ( ) Tj ET Q q 0 0 0 rg BT 416.57 208.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.12 208.40 Td (201) Tj ET Q q 0 0 0 rg BT 441.82 208.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.82 208.40 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 151.90 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 151.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 151.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 151.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 151.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 151.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 151.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 151.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 151.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 121.90 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 121.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 121.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 121.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 121.90 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 121.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 121.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 121.90 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 121.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 121.90 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 181.89999999999998 m 206.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 181.89999999999998 m 210.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 181.89999999999998 m 256.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 181.89999999999998 m 260.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 181.89999999999998 m 306.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 181.89999999999998 m 310.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 181.89999999999998 m 356.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 181.89999999999998 m 366.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 181.89999999999998 m 412.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 181.89999999999998 m 416.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 181.89999999999998 m 462.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 181.89999999999998 m 466.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 181.89999999999998 m 512.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 181.89999999999998 m 516.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 181.89999999999998 m 562.5 181.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 166.89999999999998 m 306.5 166.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 166.89999999999998 m 310.5 166.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 166.89999999999998 m 356.5 166.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 166.89999999999998 m 512.5 166.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 166.89999999999998 m 516.5 166.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 166.89999999999998 m 562.5 166.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 151.89999999999998 m 206.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 151.89999999999998 m 256.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 151.89999999999998 m 306.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 151.89999999999998 m 356.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 151.89999999999998 m 412.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 151.89999999999998 m 462.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 151.89999999999998 m 512.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 151.89999999999998 m 562.5 151.89999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 186.15 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.55 186.13 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 171.13 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 496.65 171.13 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 156.15 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 156.13 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 156.13 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 156.13 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 156.13 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.00 156.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.40 156.13 Td (2011) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 489.50 156.13 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 540.55 156.13 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 141.15 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.55 141.15 Td (revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 141.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 141.15 Td (691,034) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 141.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 141.15 Td (772,085) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 141.15 Td (\(10.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 141.15 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 141.15 Td (\(11.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 141.15 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 141.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.25 141.15 Td (772,085) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.00 141.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 141.15 Td (864,782) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 485.95 141.15 Td (\(10.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.65 141.15 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.95 141.15 Td (\(1.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 141.15 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 126.15 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.60 126.15 Td (\(46,455) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 126.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 126.15 Td (125,422) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 284.50 126.15 Td (Nm) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 295.61 129.77 Td ( \(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.50 126.15 Td (Nm) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 345.61 129.77 Td ( \(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.25 126.15 Td (125,422) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 126.15 Td (167,002) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 485.95 126.15 Td (\(24.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.65 126.15 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.95 126.15 Td (\(16.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 126.15 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 111.15 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.99 111.15 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 106.77 111.15 Td (/ ) Tj ET Q q 0 0 0 rg BT 110.99 111.15 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 111.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 174.60 111.15 Td (\(183,121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 111.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 111.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.60 111.15 Td (\(488,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.30 111.15 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 111.15 Td (62.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 111.15 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 111.15 Td (62.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 111.15 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 111.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.60 111.15 Td (\(488,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 111.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.00 111.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.25 111.15 Td (6,792) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.50 111.15 Td (Nm) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 501.61 114.77 Td ( \(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 540.50 111.15 Td (Nm) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 551.61 114.77 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 68.00 98.42 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.36 94.80 Td (Number ) Tj ET Q q 0 0 0 rg BT 103.58 94.80 Td (is ) Tj ET Q q 0 0 0 rg BT 110.91 94.80 Td (not ) Tj ET Q q 0 0 0 rg BT 123.14 94.80 Td (meaningful.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 79.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.04 79.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 95.61 79.20 Td (results ) Tj ET Q q 0 0 0 rg BT 119.09 79.20 Td (for ) Tj ET Q q 0 0 0 rg BT 131.02 79.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 149.61 79.20 Td (were ) Tj ET Q q 0 0 0 rg BT 167.75 79.20 Td (negatively ) Tj ET Q q 0 0 0 rg BT 203.66 79.20 Td (impacted ) Tj ET Q q 0 0 0 rg BT 235.57 79.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 267.94 79.20 Td (by ) Tj ET Q q 0 0 0 rg BT 278.53 79.20 Td (the ) Tj ET Q q 0 0 0 rg BT 290.90 79.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 317.92 79.20 Td (reaction ) Tj ET Q q 0 0 0 rg BT 346.28 79.20 Td (of ) Tj ET Q q 0 0 0 rg BT 355.54 79.20 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 392.78 79.20 Td (and ) Tj ET Q q 0 0 0 rg BT 406.93 79.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 437.06 79.20 Td (to ) Tj ET Q q 0 0 0 rg BT 445.88 79.20 Td (our ) Tj ET Q q 0 0 0 rg BT 459.13 79.20 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 493.28 79.20 Td (to ) Tj ET Q q 0 0 0 rg BT 502.09 79.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 530.89 79.20 Td (television ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 69.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 88.23 69.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 110.02 69.60 Td (in ) Tj ET Q q 0 0 0 rg BT 118.92 69.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.38 69.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 154.06 69.60 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 187.62 69.60 Td (which ) Tj ET Q q 0 0 0 rg BT 209.86 69.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 237.87 69.60 Td (in ) Tj ET Q q 0 0 0 rg BT 246.77 69.60 Td (their ) Tj ET Q q 0 0 0 rg BT 264.12 69.60 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 307.24 69.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.59 69.60 Td (withholding ) Tj ET Q q 0 0 0 rg BT 357.94 69.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 396.17 69.60 Td (from ) Tj ET Q q 0 0 0 rg BT 414.41 69.60 Td (our ) Tj ET Q q 0 0 0 rg BT 427.76 69.60 Td (channels ) Tj ET Q q 0 0 0 rg BT 458.43 69.60 Td (in ) Tj ET Q q 0 0 0 rg BT 467.34 69.60 Td (that ) Tj ET Q q 0 0 0 rg BT 482.02 69.60 Td (country) Tj ET Q q 0 0 0 rg BT 505.94 69.60 Td (. ) Tj ET Q q 0 0 0 rg BT 510.43 69.60 Td (The ) Tj ET Q q 0 0 0 rg BT 525.55 69.60 Td (reaction ) Tj ET Q q 0 0 0 rg BT 554.00 69.60 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 60.00 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 86.77 60.00 Td (and ) Tj ET Q q 0 0 0 rg BT 100.44 60.00 Td (agencies ) Tj ET Q q 0 0 0 rg BT 130.09 60.00 Td (in ) Tj ET Q q 0 0 0 rg BT 138.43 60.00 Td (the ) Tj ET Q q 0 0 0 rg BT 150.32 60.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 172.43 60.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 203.43 60.00 Td (also ) Tj ET Q q 0 0 0 rg BT 218.43 60.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 253.87 60.00 Td (af) Tj ET Q q 0 0 0 rg BT 259.94 60.00 Td (fected ) Tj ET Q q 0 0 0 rg BT 281.60 60.00 Td (behavior ) Tj ET Q q 0 0 0 rg BT 311.70 60.00 Td (of ) Tj ET Q q 0 0 0 rg BT 320.48 60.00 Td (clients ) Tj ET Q q 0 0 0 rg BT 343.48 60.00 Td (in ) Tj ET Q q 0 0 0 rg BT 351.82 60.00 Td (the ) Tj ET Q q 0 0 0 rg BT 363.71 60.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 388.05 60.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 419.05 60.00 Td (who ) Tj ET Q q 0 0 0 rg BT 434.95 60.00 Td (advertise ) Tj ET Q q 0 0 0 rg BT 465.94 60.00 Td (in ) Tj ET Q q 0 0 0 rg BT 474.28 60.00 Td (both ) Tj ET Q q 0 0 0 rg BT 490.62 60.00 Td (markets. ) Tj ET Q q 0 0 0 rg BT 519.91 60.00 Td (The ) Tj ET Q q 0 0 0 rg BT 534.46 60.00 Td (decrease ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 50.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 50.40 Td (our ) Tj ET Q q 0 0 0 rg BT 70.89 50.40 Td (television ) Tj ET Q q 0 0 0 rg BT 103.99 50.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 141.54 50.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.97 50.40 Td (was ) Tj ET Q q 0 0 0 rg BT 186.41 50.40 Td (only ) Tj ET Q q 0 0 0 rg BT 202.63 50.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 231.29 50.40 Td (of) Tj ET Q q 0 0 0 rg BT 237.81 50.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 251.36 50.40 Td (by ) Tj ET Q q 0 0 0 rg BT 261.36 50.40 Td (increases ) Tj ET Q q 0 0 0 rg BT 292.68 50.40 Td (in ) Tj ET Q q 0 0 0 rg BT 300.90 50.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 328.65 50.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 343.53 50.40 Td (in ) Tj ET Q q 0 0 0 rg BT 351.75 50.40 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 381.30 50.40 Td (and ) Tj ET Q q 0 0 0 rg BT 394.85 50.40 Td (Romania. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.81 742.10 Td (char) Tj ET Q q 0 0 0 rg BT 83.43 742.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.01 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.26 742.10 Td (arriving ) Tj ET Q q 0 0 0 rg BT 132.61 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 140.40 742.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 165.29 742.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.32 742.10 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.52 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.55 742.10 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.57 742.10 Td (14%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.24 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.26 742.10 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.51 742.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.51 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.54 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 286.10 742.10 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.35 742.10 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.35 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.38 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 326.18 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.75 742.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 360.44 742.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 390.45 742.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 408.47 742.10 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 742.10 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.70 742.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.23 742.10 Td (12%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.90 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.92 742.10 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.17 742.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.17 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.19 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 535.76 742.10 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.01 742.10 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.01 742.10 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 732.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.54 732.50 Td (included ) Tj ET Q q 0 0 0 rg BT 93.08 732.50 Td (programming ) Tj ET Q q 0 0 0 rg BT 138.61 732.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 177.48 732.50 Td (of ) Tj ET Q q 0 0 0 rg BT 186.13 732.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.35 732.50 Td (60.4 ) Tj ET Q q 0 0 0 rg BT 218.34 732.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.45 732.50 Td ( ) Tj ET Q q 0 0 0 rg BT 243.44 732.50 Td (as ) Tj ET Q q 0 0 0 rg BT 252.09 732.50 Td (our ) Tj ET Q q 0 0 0 rg BT 264.75 732.50 Td (new ) Tj ET Q q 0 0 0 rg BT 280.07 732.50 Td (management ) Tj ET Q q 0 0 0 rg BT 322.93 732.50 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 358.24 732.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.00 732.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 390.21 732.50 Td (future ) Tj ET Q q 0 0 0 rg BT 411.30 732.50 Td (usage ) Tj ET Q q 0 0 0 rg BT 431.50 732.50 Td (of ) Tj ET Q q 0 0 0 rg BT 440.15 732.50 Td (our ) Tj ET Q q 0 0 0 rg BT 452.81 732.50 Td (program ) Tj ET Q q 0 0 0 rg BT 481.90 732.50 Td (library) Tj ET Q q 0 0 0 rg BT 502.70 732.50 Td (, ) Tj ET Q q 0 0 0 rg BT 506.69 732.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.91 732.50 Td (18.6 ) Tj ET Q q 0 0 0 rg BT 538.90 732.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.01 732.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 722.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 722.90 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 101.54 722.90 Td (char) Tj ET Q q 0 0 0 rg BT 115.16 722.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 127.82 722.90 Td (and ) Tj ET Q q 0 0 0 rg BT 141.38 722.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 157.60 722.90 Td (7.1 ) Tj ET Q q 0 0 0 rg BT 169.60 722.90 Td (million ) Tj ET Q q 0 0 0 rg BT 194.71 722.90 Td (of ) Tj ET Q q 0 0 0 rg BT 203.38 722.90 Td (severance ) Tj ET Q q 0 0 0 rg BT 236.91 722.90 Td (char) Tj ET Q q 0 0 0 rg BT 250.53 722.90 Td (ges.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 707.30 Td (During ) Tj ET Q q 0 0 0 rg BT 74.77 707.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 92.88 707.30 Td (we ) Tj ET Q q 0 0 0 rg BT 104.31 707.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.51 707.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 180.50 707.30 Td (char) Tj ET Q q 0 0 0 rg BT 194.12 707.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 206.89 707.30 Td (in ) Tj ET Q q 0 0 0 rg BT 215.22 707.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 239.98 707.30 Td (of ) Tj ET Q q 0 0 0 rg BT 248.75 707.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 279.30 707.30 Td (and ) Tj ET Q q 0 0 0 rg BT 292.96 707.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 327.06 707.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 347.83 707.30 Td (amounting ) Tj ET Q q 0 0 0 rg BT 384.16 707.30 Td (to ) Tj ET Q q 0 0 0 rg BT 392.49 707.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.82 707.30 Td (79.7 ) Tj ET Q q 0 0 0 rg BT 424.93 707.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.04 707.30 Td (, ) Tj ET Q q 0 0 0 rg BT 452.15 707.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 485.80 707.30 Td (to ) Tj ET Q q 0 0 0 rg BT 494.13 707.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 510.46 707.30 Td (522.5 ) Tj ET Q q 0 0 0 rg BT 530.57 707.30 Td (million ) Tj ET Q q 0 0 0 rg BT 555.79 707.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 697.70 Td (2012. ) Tj ET Q q 0 0 0 rg BT 70.01 697.70 Td (This ) Tj ET Q q 0 0 0 rg BT 86.40 697.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 106.78 697.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 145.82 697.70 Td (char) Tj ET Q q 0 0 0 rg BT 159.44 697.70 Td (ge, ) Tj ET Q q 0 0 0 rg BT 171.16 697.70 Td (along ) Tj ET Q q 0 0 0 rg BT 191.10 697.70 Td (with ) Tj ET Q q 0 0 0 rg BT 207.48 697.70 Td (a ) Tj ET Q q 0 0 0 rg BT 213.20 697.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 242.90 697.70 Td (in ) Tj ET Q q 0 0 0 rg BT 251.28 697.70 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 292.98 697.70 Td (and ) Tj ET Q q 0 0 0 rg BT 306.70 697.70 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 351.29 697.70 Td (more ) Tj ET Q q 0 0 0 rg BT 369.90 697.70 Td (than ) Tj ET Q q 0 0 0 rg BT 385.83 697.70 Td (of) Tj ET Q q 0 0 0 rg BT 392.35 697.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 406.07 697.70 Td (the ) Tj ET Q q 0 0 0 rg BT 418.01 697.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 447.71 697.70 Td (in ) Tj ET Q q 0 0 0 rg BT 456.09 697.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 480.98 697.70 Td ( ) Tj ET Q q 0 0 0 rg BT 483.15 697.70 Td (and ) Tj ET Q q 0 0 0 rg BT 496.86 697.70 Td (resulted ) Tj ET Q q 0 0 0 rg BT 524.35 697.70 Td (in ) Tj ET Q q 0 0 0 rg BT 532.74 697.70 Td (a ) Tj ET Q q 0 0 0 rg BT 538.46 697.70 Td (smaller ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 82.21 688.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 96.66 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.99 688.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 125.99 688.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 159.53 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.75 688.10 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 672.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 672.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.37 672.50 Td (remained ) Tj ET Q q 0 0 0 rg BT 94.04 672.50 Td (market ) Tj ET Q q 0 0 0 rg BT 118.16 672.50 Td (leaders ) Tj ET Q q 0 0 0 rg BT 142.72 672.50 Td (during ) Tj ET Q q 0 0 0 rg BT 165.52 672.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 183.43 672.50 Td (in ) Tj ET Q q 0 0 0 rg BT 191.56 672.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 211.24 672.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.82 672.50 Td (audience ) Tj ET Q q 0 0 0 rg BT 250.15 672.50 Td (share ) Tj ET Q q 0 0 0 rg BT 268.94 672.50 Td (in ) Tj ET Q q 0 0 0 rg BT 277.07 672.50 Td (all ) Tj ET Q q 0 0 0 rg BT 286.98 672.50 Td (of ) Tj ET Q q 0 0 0 rg BT 295.55 672.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.23 672.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 338.46 672.50 Td (in ) Tj ET Q q 0 0 0 rg BT 346.60 672.50 Td (which ) Tj ET Q q 0 0 0 rg BT 368.06 672.50 Td (we ) Tj ET Q q 0 0 0 rg BT 379.29 672.50 Td (operate. ) Tj ET Q q 0 0 0 rg BT 406.74 672.50 Td (Due ) Tj ET Q q 0 0 0 rg BT 421.98 672.50 Td (to ) Tj ET Q q 0 0 0 rg BT 430.11 672.50 Td (our ) Tj ET Q q 0 0 0 rg BT 442.68 672.50 Td (tar) Tj ET Q q 0 0 0 rg BT 450.98 672.50 Td (geted ) Tj ET Q q 0 0 0 rg BT 470.21 672.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 510.34 672.50 Td (in ) Tj ET Q q 0 0 0 rg BT 518.47 672.50 Td (programming ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 662.90 Td (and ) Tj ET Q q 0 0 0 rg BT 63.36 662.90 Td (channel ) Tj ET Q q 0 0 0 rg BT 90.05 662.90 Td (launches, ) Tj ET Q q 0 0 0 rg BT 121.85 662.90 Td (all-day ) Tj ET Q q 0 0 0 rg BT 145.88 662.90 Td (audience ) Tj ET Q q 0 0 0 rg BT 176.11 662.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 197.92 662.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 229.93 662.90 Td (during ) Tj ET Q q 0 0 0 rg BT 252.63 662.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 270.45 662.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 303.80 662.90 Td (to ) Tj ET Q q 0 0 0 rg BT 311.83 662.90 Td (2012 ) Tj ET Q q 0 0 0 rg BT 329.64 662.90 Td (by ) Tj ET Q q 0 0 0 rg BT 339.46 662.90 Td (more ) Tj ET Q q 0 0 0 rg BT 357.71 662.90 Td (than ) Tj ET Q q 0 0 0 rg BT 373.29 662.90 Td (two ) Tj ET Q q 0 0 0 rg BT 387.11 662.90 Td (percentage ) Tj ET Q q 0 0 0 rg BT 423.56 662.90 Td (points ) Tj ET Q q 0 0 0 rg BT 444.93 662.90 Td (in ) Tj ET Q q 0 0 0 rg BT 452.96 662.90 Td (the ) Tj ET Q q 0 0 0 rg BT 464.55 662.90 Td (Czech ) Tj ET Q q 0 0 0 rg BT 486.35 662.90 Td (Republic ) Tj ET Q q 0 0 0 rg BT 517.05 662.90 Td (and ) Tj ET Q q 0 0 0 rg BT 530.41 662.90 Td (just ) Tj ET Q q 0 0 0 rg BT 543.78 662.90 Td (under ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 653.30 Td (two ) Tj ET Q q 0 0 0 rg BT 64.05 653.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 100.74 653.30 Td (points ) Tj ET Q q 0 0 0 rg BT 122.35 653.30 Td (in ) Tj ET Q q 0 0 0 rg BT 130.62 653.30 Td (Romania ) Tj ET Q q 0 0 0 rg BT 161.55 653.30 Td (and ) Tj ET Q q 0 0 0 rg BT 175.15 653.30 Td (the ) Tj ET Q q 0 0 0 rg BT 186.98 653.30 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 211.25 653.30 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 244.03 653.30 Td (These ) Tj ET Q q 0 0 0 rg BT 265.19 653.30 Td (audience ) Tj ET Q q 0 0 0 rg BT 295.66 653.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 317.70 653.30 Td (give ) Tj ET Q q 0 0 0 rg BT 333.53 653.30 Td (us ) Tj ET Q q 0 0 0 rg BT 342.69 653.30 Td (a ) Tj ET Q q 0 0 0 rg BT 348.29 653.30 Td (strong ) Tj ET Q q 0 0 0 rg BT 370.34 653.30 Td (advantage ) Tj ET Q q 0 0 0 rg BT 404.82 653.30 Td (over ) Tj ET Q q 0 0 0 rg BT 421.08 653.30 Td (our ) Tj ET Q q 0 0 0 rg BT 433.79 653.30 Td (competition, ) Tj ET Q q 0 0 0 rg BT 476.06 653.30 Td (and ) Tj ET Q q 0 0 0 rg BT 489.66 653.30 Td (we ) Tj ET Q q 0 0 0 rg BT 501.04 653.30 Td (intend ) Tj ET Q q 0 0 0 rg BT 523.08 653.30 Td (to ) Tj ET Q q 0 0 0 rg BT 531.36 653.30 Td (capitalize ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 643.70 Td (on ) Tj ET Q q 0 0 0 rg BT 60.00 643.70 Td (this ) Tj ET Q q 0 0 0 rg BT 73.56 643.70 Td (by ) Tj ET Q q 0 0 0 rg BT 83.56 643.70 Td (concentrating ) Tj ET Q q 0 0 0 rg BT 129.09 643.70 Td (our ) Tj ET Q q 0 0 0 rg BT 141.76 643.70 Td (ef) Tj ET Q q 0 0 0 rg BT 147.83 643.70 Td (forts ) Tj ET Q q 0 0 0 rg BT 164.49 643.70 Td (on ) Tj ET Q q 0 0 0 rg BT 174.49 643.70 Td (improving ) Tj ET Q q 0 0 0 rg BT 209.82 643.70 Td (the ) Tj ET Q q 0 0 0 rg BT 221.60 643.70 Td (monetization ) Tj ET Q q 0 0 0 rg BT 265.36 643.70 Td (of ) Tj ET Q q 0 0 0 rg BT 274.03 643.70 Td (our ) Tj ET Q q 0 0 0 rg BT 286.69 643.70 Td (audiences, ) Tj ET Q q 0 0 0 rg BT 322.23 643.70 Td (particularly ) Tj ET Q q 0 0 0 rg BT 361.10 643.70 Td (in ) Tj ET Q q 0 0 0 rg BT 369.32 643.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.10 643.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 403.09 643.70 Td (Republic.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 57.70 625.10 Td (ee ) Tj ET Q q 0 0 0 rg BT 66.80 625.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.25 625.10 Td (Flow) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.60 186.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 586.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 586.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 586.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 586.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 586.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 586.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 556.60 186.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 556.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 556.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 556.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 556.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 556.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 556.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 556.60 51.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 601.6 m 287.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 601.6 m 291.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 601.6 m 342.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 601.6 m 346.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 601.6 m 397.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 601.6 m 401.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 601.6 m 452.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 601.6 m 507.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 601.6 m 511.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 601.6 m 562.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 601.6 m 456.5 601.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 586.6 m 287.5 586.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 586.6 m 342.5 586.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 586.6 m 397.5 586.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 586.6 m 452.5 586.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 586.6 m 507.5 586.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 586.6 m 562.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 556.6 m 287.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 542.6 m 287.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 540.6 m 287.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 556.6 m 342.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 542.6 m 342.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 540.6 m 342.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 556.6 m 452.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 542.6 m 452.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 540.6 m 452.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 556.6 m 507.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 542.6 m 507.5 542.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 540.6 m 507.5 540.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 605.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.55 605.83 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 590.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.00 590.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 323.00 590.83 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 359.30 590.83 Td (Movement) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.00 590.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.40 590.83 Td (2011) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 524.30 590.83 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 575.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.55 575.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.77 575.85 Td (\(used ) Tj ET Q q 0 0 0 rg BT 102.09 575.85 Td (in\) ) Tj ET Q q 0 0 0 rg BT 112.98 575.85 Td (/ ) Tj ET Q q 0 0 0 rg BT 117.20 575.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 150.29 575.85 Td (from ) Tj ET Q q 0 0 0 rg BT 167.84 575.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.05 575.85 Td (activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.00 575.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.60 575.85 Td (\(64,198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.30 575.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.00 575.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.60 575.85 Td (\(30,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.30 575.85 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 369.65 575.85 Td (113.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.25 575.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.00 575.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.60 575.85 Td (\(30,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 575.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 575.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.25 575.85 Td (29,638) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.80 575.85 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 552.91 579.47 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 560.85 Td (Capital ) Tj ET Q q 0 0 0 rg BT 78.11 560.85 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 122.98 560.85 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.60 560.85 Td (\(30,136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.30 560.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.60 560.85 Td (\(32,426) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.30 560.85 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 374.95 560.85 Td (\(7.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 387.65 560.85 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.60 560.85 Td (\(32,426) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 560.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.60 560.85 Td (\(33,101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.30 560.85 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.95 560.85 Td (\(2.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 560.85 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 545.85 Td (Free ) Tj ET Q q 0 0 0 rg BT 69.21 545.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 85.43 545.85 Td (flow) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.00 545.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 259.60 545.83 Td (\(94,334) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.30 545.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 294.00 545.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.60 545.83 Td (\(62,453) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.30 545.83 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 373.65 545.83 Td (51.0) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 390.25 545.83 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.00 545.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.60 545.83 Td (\(62,453) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.30 545.83 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.00 545.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 483.60 545.83 Td (\(3,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.30 545.83 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 539.60 545.83 Td (Nm) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 551.60 549.46 Td ( \(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 68.00 536.13 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.36 532.50 Td (Number ) Tj ET Q q 0 0 0 rg BT 103.58 532.50 Td (is ) Tj ET Q q 0 0 0 rg BT 110.91 532.50 Td (not ) Tj ET Q q 0 0 0 rg BT 123.14 532.50 Td (meaningful.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 500.00 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 500.00 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 500.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 500.00 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 500.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 500.00 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 500 m 408.5 500 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 500 m 487.5 500 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 500 m 561.5 500 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 504.25 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.50 504.23 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.50 504.23 Td (December 31, 2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.30 504.23 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 489.25 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.00 489.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.30 489.25 Td (104,996) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 489.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.30 489.25 Td (140,393) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.95 489.25 Td (\(25.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.65 489.25 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 469.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.03 469.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 94.71 469.90 Td (free ) Tj ET Q q 0 0 0 rg BT 109.73 469.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 126.54 469.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 143.79 469.90 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 152.60 469.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.60 469.90 Td ( ) Tj ET Q q 0 0 0 rg BT 171.19 469.90 Td (was ) Tj ET Q q 0 0 0 rg BT 186.21 469.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.03 469.90 Td (94.3 ) Tj ET Q q 0 0 0 rg BT 219.62 469.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.73 469.90 Td (, ) Tj ET Q q 0 0 0 rg BT 247.32 469.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 281.45 469.90 Td (to ) Tj ET Q q 0 0 0 rg BT 290.26 469.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 319.94 469.90 Td (free ) Tj ET Q q 0 0 0 rg BT 334.96 469.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.76 469.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 369.01 469.90 Td (of ) Tj ET Q q 0 0 0 rg BT 378.27 469.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.08 469.90 Td (62.5 ) Tj ET Q q 0 0 0 rg BT 411.67 469.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.78 469.90 Td ( ) Tj ET Q q 0 0 0 rg BT 437.37 469.90 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.18 469.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.18 469.90 Td (. ) Tj ET Q q 0 0 0 rg BT 466.58 469.90 Td (This ) Tj ET Q q 0 0 0 rg BT 483.39 469.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 509.08 469.90 Td (is ) Tj ET Q q 0 0 0 rg BT 517.00 469.90 Td (lar) Tj ET Q q 0 0 0 rg BT 525.29 469.90 Td (gely ) Tj ET Q q 0 0 0 rg BT 541.65 469.90 Td (due ) Tj ET Q q 0 0 0 rg BT 555.79 469.90 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 460.30 Td (significantly ) Tj ET Q q 0 0 0 rg BT 91.88 460.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 111.98 460.30 Td (television ) Tj ET Q q 0 0 0 rg BT 144.97 460.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 182.40 460.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 212.72 460.30 Td (in ) Tj ET Q q 0 0 0 rg BT 220.83 460.30 Td (the ) Tj ET Q q 0 0 0 rg BT 232.49 460.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 254.36 460.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 285.13 460.30 Td (and ) Tj ET Q q 0 0 0 rg BT 298.56 460.30 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 322.67 460.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 353.44 460.30 Td (and ) Tj ET Q q 0 0 0 rg BT 366.88 460.30 Td (the ) Tj ET Q q 0 0 0 rg BT 378.54 460.30 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 415.97 460.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 445.39 460.30 Td (in ) Tj ET Q q 0 0 0 rg BT 453.50 460.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.60 460.30 Td (receipts ) Tj ET Q q 0 0 0 rg BT 496.36 460.30 Td (in ) Tj ET Q q 0 0 0 rg BT 504.47 460.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 522.35 460.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 555.78 460.30 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 450.70 Td (2012. ) Tj ET Q q 0 0 0 rg BT 69.88 450.70 Td (W) Tj ET Q q 0 0 0 rg BT 76.79 450.70 Td (e ) Tj ET Q q 0 0 0 rg BT 82.37 450.70 Td (also ) Tj ET Q q 0 0 0 rg BT 97.28 450.70 Td (made ) Tj ET Q q 0 0 0 rg BT 116.63 450.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 132.88 450.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 165.56 450.70 Td (for ) Tj ET Q q 0 0 0 rg BT 176.92 450.70 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 219.82 450.70 Td (amounting ) Tj ET Q q 0 0 0 rg BT 256.07 450.70 Td (to ) Tj ET Q q 0 0 0 rg BT 264.32 450.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.57 450.70 Td (13.3 ) Tj ET Q q 0 0 0 rg BT 296.60 450.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.71 450.70 Td ( ) Tj ET Q q 0 0 0 rg BT 321.74 450.70 Td (during ) Tj ET Q q 0 0 0 rg BT 344.65 450.70 Td (2013. ) Tj ET Q q 0 0 0 rg BT 364.54 450.70 Td (The ) Tj ET Q q 0 0 0 rg BT 379.00 450.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 402.80 450.70 Td (of ) Tj ET Q q 0 0 0 rg BT 411.49 450.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 431.73 450.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.97 450.70 Td (receipts ) Tj ET Q q 0 0 0 rg BT 474.88 450.70 Td (and ) Tj ET Q q 0 0 0 rg BT 488.45 450.70 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 531.36 450.70 Td (payments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (was ) Tj ET Q q 0 0 0 rg BT 64.49 441.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 93.19 441.10 Td (of) Tj ET Q q 0 0 0 rg BT 99.71 441.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 113.30 441.10 Td (by ) Tj ET Q q 0 0 0 rg BT 123.34 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.05 441.10 Td (ef) Tj ET Q q 0 0 0 rg BT 142.12 441.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 158.83 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.10 441.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 197.57 441.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 215.83 441.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 250.09 441.10 Td (among ) Tj ET Q q 0 0 0 rg BT 273.91 441.10 Td (other ) Tj ET Q q 0 0 0 rg BT 292.39 441.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 319.09 441.10 Td (delaying ) Tj ET Q q 0 0 0 rg BT 348.69 441.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 381.39 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.66 441.10 Td (studios ) Tj ET Q q 0 0 0 rg BT 414.37 441.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.74 441.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 455.33 441.10 Td (programming. ) Tj ET Q q 0 0 0 rg BT 502.77 441.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.68 441.10 Td (e ) Tj ET Q q 0 0 0 rg BT 515.27 441.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 536.42 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.24 441.10 Td (year ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 431.50 Td (with ) Tj ET Q q 0 0 0 rg BT 66.22 431.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.44 431.50 Td (of ) Tj ET Q q 0 0 0 rg BT 91.10 431.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.33 431.50 Td (105.0 ) Tj ET Q q 0 0 0 rg BT 127.33 431.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.44 431.50 Td ( ) Tj ET Q q 0 0 0 rg BT 152.44 431.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 185.98 431.50 Td (to ) Tj ET Q q 0 0 0 rg BT 194.20 431.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.43 431.50 Td (140.4 ) Tj ET Q q 0 0 0 rg BT 230.43 431.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.54 431.50 Td ( ) Tj ET Q q 0 0 0 rg BT 255.54 431.50 Td (at ) Tj ET Q q 0 0 0 rg BT 263.32 431.50 Td (December ) Tj ET Q q 0 0 0 rg BT 298.18 431.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 310.18 431.50 Td (2012.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 415.90 Td (Liquidity) Tj ET Q q 0 0 0 rg BT 78.45 415.90 Td (, ) Tj ET Q q 0 0 0 rg BT 82.45 415.90 Td (Going ) Tj ET Q q 0 0 0 rg BT 104.45 415.90 Td (Concern ) Tj ET Q q 0 0 0 rg BT 134.00 415.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.00 415.90 Td (Financing ) Tj ET Q q 0 0 0 rg BT 182.88 415.90 Td (T) Tj ET Q q 0 0 0 rg BT 186.89 415.90 Td (ransactions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 400.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 400.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.01 400.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 91.10 400.30 Td (to ) Tj ET Q q 0 0 0 rg BT 98.87 400.30 Td (take ) Tj ET Q q 0 0 0 rg BT 113.73 400.30 Td (actions ) Tj ET Q q 0 0 0 rg BT 137.94 400.30 Td (to ) Tj ET Q q 0 0 0 rg BT 145.71 400.30 Td (conserve ) Tj ET Q q 0 0 0 rg BT 175.68 400.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 193.44 400.30 Td (including ) Tj ET Q q 0 0 0 rg BT 225.21 400.30 Td (tar) Tj ET Q q 0 0 0 rg BT 233.50 400.30 Td (geted ) Tj ET Q q 0 0 0 rg BT 252.37 400.30 Td (reductions ) Tj ET Q q 0 0 0 rg BT 287.24 400.30 Td (to ) Tj ET Q q 0 0 0 rg BT 295.00 400.30 Td (our ) Tj ET Q q 0 0 0 rg BT 307.21 400.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.97 400.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 353.40 400.30 Td (base ) Tj ET Q q 0 0 0 rg BT 369.16 400.30 Td (through ) Tj ET Q q 0 0 0 rg BT 395.59 400.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 410.02 400.30 Td (optimization ) Tj ET Q q 0 0 0 rg BT 452.01 400.30 Td (programs ) Tj ET Q q 0 0 0 rg BT 483.77 400.30 Td (and ) Tj ET Q q 0 0 0 rg BT 496.86 400.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 539.28 400.30 Td (ef) Tj ET Q q 0 0 0 rg BT 545.35 400.30 Td (forts, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.54 390.70 Td (deferral ) Tj ET Q q 0 0 0 rg BT 88.18 390.70 Td (of ) Tj ET Q q 0 0 0 rg BT 96.62 390.70 Td (programming ) Tj ET Q q 0 0 0 rg BT 141.94 390.70 Td (commitments ) Tj ET Q q 0 0 0 rg BT 187.26 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 200.58 390.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.67 390.70 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 266.32 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 279.64 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 291.19 390.70 Td (deferral ) Tj ET Q q 0 0 0 rg BT 317.83 390.70 Td (or ) Tj ET Q q 0 0 0 rg BT 326.26 390.70 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 366.68 390.70 Td (of ) Tj ET Q q 0 0 0 rg BT 375.11 390.70 Td (development ) Tj ET Q q 0 0 0 rg BT 418.21 390.70 Td (projects. ) Tj ET Q q 0 0 0 rg BT 447.17 390.70 Td (W) Tj ET Q q 0 0 0 rg BT 454.08 390.70 Td (e ) Tj ET Q q 0 0 0 rg BT 459.41 390.70 Td (have ) Tj ET Q q 0 0 0 rg BT 476.28 390.70 Td (also ) Tj ET Q q 0 0 0 rg BT 490.94 390.70 Td (delayed ) Tj ET Q q 0 0 0 rg BT 517.58 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 529.13 390.70 Td (settlement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.87 381.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 88.63 381.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 126.39 381.10 Td (with ) Tj ET Q q 0 0 0 rg BT 142.82 381.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.58 381.10 Td (number ) Tj ET Q q 0 0 0 rg BT 175.22 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.10 381.10 Td (key ) Tj ET Q q 0 0 0 rg BT 197.86 381.10 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 230.95 381.10 Td (including ) Tj ET Q q 0 0 0 rg BT 263.38 381.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 296.25 381.10 Td (due ) Tj ET Q q 0 0 0 rg BT 310.00 381.10 Td (under ) Tj ET Q q 0 0 0 rg BT 330.43 381.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 361.51 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.05 381.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 402.79 381.10 Td (programming, ) Tj ET Q q 0 0 0 rg BT 450.55 381.10 Td (which ) Tj ET Q q 0 0 0 rg BT 472.31 381.10 Td (has ) Tj ET Q q 0 0 0 rg BT 485.18 381.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 512.71 381.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.14 381.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.01 381.10 Td (accounts ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 371.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 76.36 371.50 Td (and ) Tj ET Q q 0 0 0 rg BT 89.40 371.50 Td (accrued ) Tj ET Q q 0 0 0 rg BT 115.76 371.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 147.02 371.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 181.39 371.50 Td (to ) Tj ET Q q 0 0 0 rg BT 189.10 371.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.82 371.50 Td (296.4 ) Tj ET Q q 0 0 0 rg BT 224.30 371.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.42 371.50 Td ( ) Tj ET Q q 0 0 0 rg BT 248.91 371.50 Td (at ) Tj ET Q q 0 0 0 rg BT 256.17 371.50 Td (December ) Tj ET Q q 0 0 0 rg BT 290.53 371.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 302.02 371.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 319.50 371.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 352.53 371.50 Td (to ) Tj ET Q q 0 0 0 rg BT 360.25 371.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.96 371.50 Td (255.7 ) Tj ET Q q 0 0 0 rg BT 395.45 371.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.56 371.50 Td ( ) Tj ET Q q 0 0 0 rg BT 420.05 371.50 Td (at ) Tj ET Q q 0 0 0 rg BT 427.32 371.50 Td (December ) Tj ET Q q 0 0 0 rg BT 461.67 371.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 473.16 371.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 490.65 371.50 Td (and ) Tj ET Q q 0 0 0 rg BT 503.69 371.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 519.41 371.50 Td (240.0 ) Tj ET Q q 0 0 0 rg BT 538.90 371.50 Td (million ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 361.90 Td (at ) Tj ET Q q 0 0 0 rg BT 57.32 361.90 Td (December ) Tj ET Q q 0 0 0 rg BT 91.73 361.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 103.28 361.90 Td (201) Tj ET Q q 0 0 0 rg BT 114.98 361.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 122.53 361.90 Td (Despite ) Tj ET Q q 0 0 0 rg BT 148.52 361.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.84 361.90 Td (expectation ) Tj ET Q q 0 0 0 rg BT 198.25 361.90 Td (of ) Tj ET Q q 0 0 0 rg BT 206.46 361.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 248.00 361.90 Td (improved ) Tj ET Q q 0 0 0 rg BT 280.21 361.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 307.07 361.90 Td (and ) Tj ET Q q 0 0 0 rg BT 320.17 361.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 345.06 361.90 Td ( ) Tj ET Q q 0 0 0 rg BT 346.61 361.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 388.57 361.90 Td (in ) Tj ET Q q 0 0 0 rg BT 396.34 361.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 415.89 361.90 Td (our ) Tj ET Q q 0 0 0 rg BT 428.10 361.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 443.86 361.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.96 361.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.50 361.90 Td (and ) Tj ET Q q 0 0 0 rg BT 499.60 361.90 Td (the ) Tj ET Q q 0 0 0 rg BT 510.92 361.90 Td (need ) Tj ET Q q 0 0 0 rg BT 527.57 361.90 Td (to ) Tj ET Q q 0 0 0 rg BT 535.34 361.90 Td (improve ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 352.30 Td (our ) Tj ET Q q 0 0 0 rg BT 62.45 352.30 Td (payables ) Tj ET Q q 0 0 0 rg BT 92.23 352.30 Td (position ) Tj ET Q q 0 0 0 rg BT 119.80 352.30 Td (will ) Tj ET Q q 0 0 0 rg BT 134.03 352.30 Td (result ) Tj ET Q q 0 0 0 rg BT 153.59 352.30 Td (in ) Tj ET Q q 0 0 0 rg BT 161.60 352.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.59 352.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.59 352.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.60 352.30 Td (outflows ) Tj ET Q q 0 0 0 rg BT 271.38 352.30 Td (during ) Tj ET Q q 0 0 0 rg BT 294.06 352.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 311.85 352.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 345.17 352.30 Td (to ) Tj ET Q q 0 0 0 rg BT 353.19 352.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 372.84 352.30 Td (W) Tj ET Q q 0 0 0 rg BT 379.75 352.30 Td (e ) Tj ET Q q 0 0 0 rg BT 385.09 352.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 407.76 352.30 Td (that ) Tj ET Q q 0 0 0 rg BT 421.54 352.30 Td (our ) Tj ET Q q 0 0 0 rg BT 433.99 352.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.00 352.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 469.56 352.30 Td (from ) Tj ET Q q 0 0 0 rg BT 486.90 352.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 518.90 352.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 549.57 352.30 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 342.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 79.54 342.70 Td (to ) Tj ET Q q 0 0 0 rg BT 87.76 342.70 Td (be ) Tj ET Q q 0 0 0 rg BT 97.31 342.70 Td (insuf) Tj ET Q q 0 0 0 rg BT 113.16 342.70 Td (ficient ) Tj ET Q q 0 0 0 rg BT 135.59 342.70 Td (to ) Tj ET Q q 0 0 0 rg BT 143.81 342.70 Td (cover ) Tj ET Q q 0 0 0 rg BT 163.57 342.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.77 342.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 226.65 342.70 Td (and ) Tj ET Q q 0 0 0 rg BT 240.19 342.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.74 342.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 298.39 342.70 Td (and ) Tj ET Q q 0 0 0 rg BT 311.94 342.70 Td (we ) Tj ET Q q 0 0 0 rg BT 323.26 342.70 Td (will ) Tj ET Q q 0 0 0 rg BT 337.70 342.70 Td (need ) Tj ET Q q 0 0 0 rg BT 354.80 342.70 Td (other ) Tj ET Q q 0 0 0 rg BT 373.23 342.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 396.55 342.70 Td (resources ) Tj ET Q q 0 0 0 rg BT 428.75 342.70 Td (this ) Tj ET Q q 0 0 0 rg BT 442.30 342.70 Td (year ) Tj ET Q q 0 0 0 rg BT 458.06 342.70 Td (to ) Tj ET Q q 0 0 0 rg BT 466.28 342.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 482.94 342.70 Td (our ) Tj ET Q q 0 0 0 rg BT 495.60 342.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 530.92 342.70 Td (as ) Tj ET Q q 0 0 0 rg BT 539.58 342.70 Td (well ) Tj ET Q q 0 0 0 rg BT 555.35 342.70 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (our ) Tj ET Q q 0 0 0 rg BT 62.66 333.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 78.44 333.10 Td (service ) Tj ET Q q 0 0 0 rg BT 103.09 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.64 333.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.08 333.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 172.63 333.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.30 333.10 Td (they ) Tj ET Q q 0 0 0 rg BT 197.07 333.10 Td (become ) Tj ET Q q 0 0 0 rg BT 223.95 333.10 Td (due.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 317.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 317.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.39 317.50 Td (have ) Tj ET Q q 0 0 0 rg BT 79.42 317.50 Td (been ) Tj ET Q q 0 0 0 rg BT 96.46 317.50 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 131.71 317.50 Td (options ) Tj ET Q q 0 0 0 rg BT 157.20 317.50 Td (to ) Tj ET Q q 0 0 0 rg BT 165.35 317.50 Td (improve ) Tj ET Q q 0 0 0 rg BT 193.94 317.50 Td (our ) Tj ET Q q 0 0 0 rg BT 206.54 317.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 235.58 317.50 Td (in ) Tj ET Q q 0 0 0 rg BT 243.73 317.50 Td (light ) Tj ET Q q 0 0 0 rg BT 260.33 317.50 Td (of ) Tj ET Q q 0 0 0 rg BT 268.93 317.50 Td (our ) Tj ET Q q 0 0 0 rg BT 281.52 317.50 Td (results ) Tj ET Q q 0 0 0 rg BT 304.34 317.50 Td (for ) Tj ET Q q 0 0 0 rg BT 315.60 317.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 335.53 317.50 Td (outlook ) Tj ET Q q 0 0 0 rg BT 361.90 317.50 Td (for ) Tj ET Q q 0 0 0 rg BT 373.16 317.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 391.09 317.50 Td (and ) Tj ET Q q 0 0 0 rg BT 404.57 317.50 Td (our ) Tj ET Q q 0 0 0 rg BT 417.17 317.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 432.87 317.50 Td (to ) Tj ET Q q 0 0 0 rg BT 441.03 317.50 Td (improve ) Tj ET Q q 0 0 0 rg BT 469.62 317.50 Td (our ) Tj ET Q q 0 0 0 rg BT 482.21 317.50 Td (payables ) Tj ET Q q 0 0 0 rg BT 512.13 317.50 Td (position. ) Tj ET Q q 0 0 0 rg BT 541.84 317.50 Td (In ) Tj ET Q q 0 0 0 rg BT 550.44 317.50 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 307.90 Td (respect, ) Tj ET Q q 0 0 0 rg BT 77.35 307.90 Td (we ) Tj ET Q q 0 0 0 rg BT 89.38 307.90 Td (have ) Tj ET Q q 0 0 0 rg BT 107.17 307.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 133.41 307.90 Td (into ) Tj ET Q q 0 0 0 rg BT 148.55 307.90 Td (a ) Tj ET Q q 0 0 0 rg BT 154.80 307.90 Td (Framework ) Tj ET Q q 0 0 0 rg BT 193.78 307.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 232.02 307.90 Td (with ) Tj ET Q q 0 0 0 rg BT 248.74 307.90 Td (T) Tj ET Q q 0 0 0 rg BT 253.35 307.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 267.85 307.90 Td (W) Tj ET Q q 0 0 0 rg BT 274.76 307.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 293.88 307.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 324.13 307.90 Td (to ) Tj ET Q q 0 0 0 rg BT 333.05 307.90 Td (which ) Tj ET Q q 0 0 0 rg BT 355.30 307.90 Td (we ) Tj ET Q q 0 0 0 rg BT 367.33 307.90 Td (and ) Tj ET Q q 0 0 0 rg BT 381.38 307.90 Td (T) Tj ET Q q 0 0 0 rg BT 385.98 307.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 400.48 307.90 Td (W) Tj ET Q q 0 0 0 rg BT 407.39 307.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 426.52 307.90 Td (have ) Tj ET Q q 0 0 0 rg BT 444.32 307.90 Td (committed, ) Tj ET Q q 0 0 0 rg BT 483.23 307.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 508.59 307.90 Td (to ) Tj ET Q q 0 0 0 rg BT 517.51 307.90 Td (the ) Tj ET Q q 0 0 0 rg BT 529.98 307.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 550.45 307.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 298.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 85.30 298.30 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 111.93 298.30 Td (to ) Tj ET Q q 0 0 0 rg BT 120.12 298.30 Td (undertake ) Tj ET Q q 0 0 0 rg BT 153.63 298.30 Td (a ) Tj ET Q q 0 0 0 rg BT 159.15 298.30 Td (series ) Tj ET Q q 0 0 0 rg BT 179.34 298.30 Td (of ) Tj ET Q q 0 0 0 rg BT 187.97 298.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 220.15 298.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 260.33 298.30 Td (to ) Tj ET Q q 0 0 0 rg BT 268.53 298.30 Td (enhance ) Tj ET Q q 0 0 0 rg BT 296.70 298.30 Td (our ) Tj ET Q q 0 0 0 rg BT 309.34 298.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 333.52 298.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 362.60 298.30 Td (and ) Tj ET Q q 0 0 0 rg BT 376.12 298.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 392.31 298.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 408.94 298.30 Td (\(see ) Tj ET Q q 0 0 0 rg BT 423.79 298.30 Td (Item ) Tj ET Q q 0 0 0 rg BT 440.42 298.30 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.39 298.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 465.92 298.30 Td (25, ) Tj ET Q q 0 0 0 rg BT 477.89 298.30 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 520.01 298.30 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.05 298.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 551.54 298.30 Td (W) Tj ET Q q 0 0 0 rg BT 558.45 298.30 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 288.70 Td (are ) Tj ET Q q 0 0 0 rg BT 61.88 288.70 Td (seeking ) Tj ET Q q 0 0 0 rg BT 88.43 288.70 Td (to ) Tj ET Q q 0 0 0 rg BT 96.76 288.70 Td (raise ) Tj ET Q q 0 0 0 rg BT 113.97 288.70 Td (up ) Tj ET Q q 0 0 0 rg BT 124.08 288.70 Td (to ) Tj ET Q q 0 0 0 rg BT 132.42 288.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 180.74 288.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.07 288.70 Td (545.0 ) Tj ET Q q 0 0 0 rg BT 217.19 288.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.30 288.70 Td ( ) Tj ET Q q 0 0 0 rg BT 242.41 288.70 Td (in ) Tj ET Q q 0 0 0 rg BT 250.74 288.70 Td (new ) Tj ET Q q 0 0 0 rg BT 266.18 288.70 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 309.62 288.70 Td (through ) Tj ET Q q 0 0 0 rg BT 336.62 288.70 Td (these ) Tj ET Q q 0 0 0 rg BT 355.17 288.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 395.49 288.70 Td (to ) Tj ET Q q 0 0 0 rg BT 403.82 288.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 426.81 288.70 Td (us ) Tj ET Q q 0 0 0 rg BT 436.03 288.70 Td (to ) Tj ET Q q 0 0 0 rg BT 444.37 288.70 Td (refinance ) Tj ET Q q 0 0 0 rg BT 476.23 288.70 Td (the ) Tj ET Q q 0 0 0 rg BT 488.12 288.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 506.23 288.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 526.56 288.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 543.33 288.70 Td (Notes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.40 279.10 Td (for ) Tj ET Q q 0 0 0 rg BT 74.58 279.10 Td (general ) Tj ET Q q 0 0 0 rg BT 99.98 279.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 132.03 279.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 164.19 279.10 Td (These ) Tj ET Q q 0 0 0 rg BT 185.15 279.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 227.21 279.10 Td (if ) Tj ET Q q 0 0 0 rg BT 233.95 279.10 Td (closed, ) Tj ET Q q 0 0 0 rg BT 258.24 279.10 Td (will ) Tj ET Q q 0 0 0 rg BT 272.54 279.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 314.38 279.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 337.55 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.18 279.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 375.02 279.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.54 279.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.61 279.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 425.01 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.08 279.10 Td (be ) Tj ET Q q 0 0 0 rg BT 442.49 279.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 458.11 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.19 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.81 279.10 Td (coming ) Tj ET Q q 0 0 0 rg BT 503.66 279.10 Td (years ) Tj ET Q q 0 0 0 rg BT 522.39 279.10 Td (by ) Tj ET Q q 0 0 0 rg BT 532.25 279.10 Td (replacing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 269.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 66.57 269.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 80.48 269.50 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 124.16 269.50 Td (with ) Tj ET Q q 0 0 0 rg BT 140.74 269.50 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 171.97 269.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 185.88 269.50 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 229.56 269.50 Td (and ) Tj ET Q q 0 0 0 rg BT 243.47 269.50 Td (will ) Tj ET Q q 0 0 0 rg BT 258.27 269.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 285.06 269.50 Td (suf) Tj ET Q q 0 0 0 rg BT 294.70 269.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 317.49 269.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 346.96 269.50 Td (to ) Tj ET Q q 0 0 0 rg BT 355.54 269.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 372.56 269.50 Td (our ) Tj ET Q q 0 0 0 rg BT 385.58 269.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 421.26 269.50 Td (and ) Tj ET Q q 0 0 0 rg BT 435.17 269.50 Td (relieve ) Tj ET Q q 0 0 0 rg BT 459.28 269.50 Td (pressure ) Tj ET Q q 0 0 0 rg BT 488.30 269.50 Td (on ) Tj ET Q q 0 0 0 rg BT 498.65 269.50 Td (our ) Tj ET Q q 0 0 0 rg BT 511.67 269.50 Td (working ) Tj ET Q q 0 0 0 rg BT 540.69 269.50 Td (capital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 259.90 Td (position. ) Tj ET Q q 0 0 0 rg BT 80.24 259.90 Td (Based ) Tj ET Q q 0 0 0 rg BT 102.25 259.90 Td (on ) Tj ET Q q 0 0 0 rg BT 112.71 259.90 Td (our ) Tj ET Q q 0 0 0 rg BT 125.83 259.90 Td (current ) Tj ET Q q 0 0 0 rg BT 150.94 259.90 Td (projections, ) Tj ET Q q 0 0 0 rg BT 190.94 259.90 Td (once ) Tj ET Q q 0 0 0 rg BT 208.50 259.90 Td (closed ) Tj ET Q q 0 0 0 rg BT 231.40 259.90 Td (these ) Tj ET Q q 0 0 0 rg BT 250.29 259.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 290.96 259.90 Td (will ) Tj ET Q q 0 0 0 rg BT 305.87 259.90 Td (position ) Tj ET Q q 0 0 0 rg BT 334.11 259.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.34 259.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.90 259.90 Td (to ) Tj ET Q q 0 0 0 rg BT 388.58 259.90 Td (be ) Tj ET Q q 0 0 0 rg BT 398.59 259.90 Td (free ) Tj ET Q q 0 0 0 rg BT 413.48 259.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 430.15 259.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 447.28 259.90 Td (positive ) Tj ET Q q 0 0 0 rg BT 475.07 259.90 Td (beginning ) Tj ET Q q 0 0 0 rg BT 509.52 259.90 Td (in ) Tj ET Q q 0 0 0 rg BT 518.20 259.90 Td (2015, ) Tj ET Q q 0 0 0 rg BT 538.66 259.90 Td (and ) Tj ET Q q 0 0 0 rg BT 552.67 259.90 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 250.30 Td (expect ) Tj ET Q q 0 0 0 rg BT 72.55 250.30 Td (to ) Tj ET Q q 0 0 0 rg BT 80.46 250.30 Td (use ) Tj ET Q q 0 0 0 rg BT 92.80 250.30 Td (this ) Tj ET Q q 0 0 0 rg BT 106.04 250.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 133.05 250.30 Td (free ) Tj ET Q q 0 0 0 rg BT 147.16 250.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 163.05 250.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 179.40 250.30 Td (to ) Tj ET Q q 0 0 0 rg BT 187.30 250.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 206.75 250.30 Td (the ) Tj ET Q q 0 0 0 rg BT 218.20 250.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 246.99 250.30 Td (drawn ) Tj ET Q q 0 0 0 rg BT 268.66 250.30 Td (under ) Tj ET Q q 0 0 0 rg BT 288.55 250.30 Td (the ) Tj ET Q q 0 0 0 rg BT 299.89 250.30 Td (T) Tj ET Q q 0 0 0 rg BT 304.49 250.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 318.05 250.30 Td (W) Tj ET Q q 0 0 0 rg BT 324.96 250.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 343.07 250.30 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 378.08 250.30 Td (Credit ) Tj ET Q q 0 0 0 rg BT 399.75 250.30 Td (Facility ) Tj ET Q q 0 0 0 rg BT 425.87 250.30 Td (such ) Tj ET Q q 0 0 0 rg BT 442.22 250.30 Td (that ) Tj ET Q q 0 0 0 rg BT 455.89 250.30 Td (the ) Tj ET Q q 0 0 0 rg BT 467.35 250.30 Td (entire ) Tj ET Q q 0 0 0 rg BT 487.24 250.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 513.34 250.30 Td (drawn ) Tj ET Q q 0 0 0 rg BT 535.01 250.30 Td (is ) Tj ET Q q 0 0 0 rg BT 542.03 250.30 Td (repaid ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 240.70 Td (at ) Tj ET Q q 0 0 0 rg BT 57.77 240.70 Td (or ) Tj ET Q q 0 0 0 rg BT 66.44 240.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 83.99 240.70 Td (to ) Tj ET Q q 0 0 0 rg BT 92.21 240.70 Td (its ) Tj ET Q q 0 0 0 rg BT 101.77 240.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 130.88 240.70 Td (on ) Tj ET Q q 0 0 0 rg BT 140.88 240.70 Td (December ) Tj ET Q q 0 0 0 rg BT 175.74 240.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 183.74 240.70 Td (2017.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (If ) Tj ET Q q 0 0 0 rg BT 57.32 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.09 225.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 91.98 225.10 Td (Of) Tj ET Q q 0 0 0 rg BT 100.28 225.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 121.38 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.92 225.10 Td (other ) Tj ET Q q 0 0 0 rg BT 153.35 225.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 185.56 225.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 225.77 225.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 270.85 225.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.85 225.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.62 225.10 Td (Framework ) Tj ET Q q 0 0 0 rg BT 331.05 225.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 368.59 225.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.35 225.10 Td (not ) Tj ET Q q 0 0 0 rg BT 392.56 225.10 Td (closed, ) Tj ET Q q 0 0 0 rg BT 417.00 225.10 Td (we ) Tj ET Q q 0 0 0 rg BT 428.32 225.10 Td (will ) Tj ET Q q 0 0 0 rg BT 442.76 225.10 Td (need ) Tj ET Q q 0 0 0 rg BT 459.86 225.10 Td (other ) Tj ET Q q 0 0 0 rg BT 478.29 225.10 Td (external ) Tj ET Q q 0 0 0 rg BT 506.05 225.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 532.03 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.69 225.10 Td (capital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 215.50 Td (to ) Tj ET Q q 0 0 0 rg BT 58.50 215.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 88.33 215.50 Td (our ) Tj ET Q q 0 0 0 rg BT 101.28 215.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 138.88 215.50 Td (including ) Tj ET Q q 0 0 0 rg BT 171.38 215.50 Td (through ) Tj ET Q q 0 0 0 rg BT 198.55 215.50 Td (other ) Tj ET Q q 0 0 0 rg BT 217.27 215.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 233.32 215.50 Td (or ) Tj ET Q q 0 0 0 rg BT 242.27 215.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 264.55 215.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 297.04 215.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 337.53 215.50 Td (or ) Tj ET Q q 0 0 0 rg BT 346.48 215.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 364.31 215.50 Td (sales, ) Tj ET Q q 0 0 0 rg BT 384.14 215.50 Td (which ) Tj ET Q q 0 0 0 rg BT 405.97 215.50 Td (may ) Tj ET Q q 0 0 0 rg BT 422.03 215.50 Td (not ) Tj ET Q q 0 0 0 rg BT 434.53 215.50 Td (be ) Tj ET Q q 0 0 0 rg BT 444.36 215.50 Td (available ) Tj ET Q q 0 0 0 rg BT 475.52 215.50 Td (or ) Tj ET Q q 0 0 0 rg BT 484.46 215.50 Td (may ) Tj ET Q q 0 0 0 rg BT 500.52 215.50 Td (not ) Tj ET Q q 0 0 0 rg BT 513.02 215.50 Td (be ) Tj ET Q q 0 0 0 rg BT 522.85 215.50 Td (available ) Tj ET Q q 0 0 0 rg BT 554.00 215.50 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 205.90 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 85.68 205.90 Td (terms. ) Tj ET Q q 0 0 0 rg BT 107.38 205.90 Td (If ) Tj ET Q q 0 0 0 rg BT 114.64 205.90 Td (these ) Tj ET Q q 0 0 0 rg BT 133.01 205.90 Td (actions ) Tj ET Q q 0 0 0 rg BT 157.60 205.90 Td (are ) Tj ET Q q 0 0 0 rg BT 169.29 205.90 Td (not ) Tj ET Q q 0 0 0 rg BT 181.45 205.90 Td (successful, ) Tj ET Q q 0 0 0 rg BT 218.25 205.90 Td (and ) Tj ET Q q 0 0 0 rg BT 231.73 205.90 Td (we ) Tj ET Q q 0 0 0 rg BT 242.99 205.90 Td (are ) Tj ET Q q 0 0 0 rg BT 254.69 205.90 Td (unable ) Tj ET Q q 0 0 0 rg BT 277.94 205.90 Td (to ) Tj ET Q q 0 0 0 rg BT 286.09 205.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 315.57 205.90 Td (to ) Tj ET Q q 0 0 0 rg BT 323.72 205.90 Td (delay ) Tj ET Q q 0 0 0 rg BT 342.98 205.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 375.57 205.90 Td (to ) Tj ET Q q 0 0 0 rg BT 383.72 205.90 Td (some ) Tj ET Q q 0 0 0 rg BT 402.54 205.90 Td (of ) Tj ET Q q 0 0 0 rg BT 411.13 205.90 Td (our ) Tj ET Q q 0 0 0 rg BT 423.72 205.90 Td (major ) Tj ET Q q 0 0 0 rg BT 444.31 205.90 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 477.13 205.90 Td (we ) Tj ET Q q 0 0 0 rg BT 488.39 205.90 Td (will ) Tj ET Q q 0 0 0 rg BT 502.76 205.90 Td (not ) Tj ET Q q 0 0 0 rg BT 514.91 205.90 Td (have ) Tj ET Q q 0 0 0 rg BT 531.95 205.90 Td (suf) Tj ET Q q 0 0 0 rg BT 541.58 205.90 Td (ficient ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 196.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 79.11 196.30 Td (to ) Tj ET Q q 0 0 0 rg BT 87.34 196.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 116.88 196.30 Td (to ) Tj ET Q q 0 0 0 rg BT 125.11 196.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 141.77 196.30 Td (our ) Tj ET Q q 0 0 0 rg BT 154.43 196.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.76 196.30 Td (in ) Tj ET Q q 0 0 0 rg BT 197.98 196.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.75 196.30 Td (middle ) Tj ET Q q 0 0 0 rg BT 233.97 196.30 Td (of ) Tj ET Q q 0 0 0 rg BT 242.64 196.30 Td (2014.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 177.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 93.77 177.70 Td (Changes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 159.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.80 159.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 159.70 Td (On ) Tj ET Q q 0 0 0 rg BT 97.34 159.70 Td (August ) Tj ET Q q 0 0 0 rg BT 122.45 159.70 Td (21, ) Tj ET Q q 0 0 0 rg BT 134.45 159.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 154.01 159.70 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 178.22 159.70 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 198.89 159.70 Td (resigned ) Tj ET Q q 0 0 0 rg BT 227.99 159.70 Td (as ) Tj ET Q q 0 0 0 rg BT 236.65 159.70 Td (President, ) Tj ET Q q 0 0 0 rg BT 270.43 159.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 290.20 159.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 324.18 159.70 Td (Of) Tj ET Q q 0 0 0 rg BT 332.48 159.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 346.81 159.70 Td (, ) Tj ET Q q 0 0 0 rg BT 350.81 159.70 Td (and ) Tj ET Q q 0 0 0 rg BT 364.36 159.70 Td (a ) Tj ET Q q 0 0 0 rg BT 369.91 159.70 Td (Director ) Tj ET Q q 0 0 0 rg BT 398.57 159.70 Td (of ) Tj ET Q q 0 0 0 rg BT 407.23 159.70 Td (the ) Tj ET Q q 0 0 0 rg BT 419.00 159.70 Td (Company) Tj ET Q q 0 0 0 rg BT 449.59 159.70 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 141.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.80 141.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 141.70 Td (Michael ) Tj ET Q q 0 0 0 rg BT 114.21 141.70 Td (Del ) Tj ET Q q 0 0 0 rg BT 127.76 141.70 Td (Nin ) Tj ET Q q 0 0 0 rg BT 141.76 141.70 Td (and ) Tj ET Q q 0 0 0 rg BT 155.31 141.70 Td (Christoph ) Tj ET Q q 0 0 0 rg BT 188.87 141.70 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 222.42 141.70 Td (were ) Tj ET Q q 0 0 0 rg BT 239.96 141.70 Td (appointed ) Tj ET Q q 0 0 0 rg BT 273.51 141.70 Td (as ) Tj ET Q q 0 0 0 rg BT 282.18 141.70 Td (Co-Chief ) Tj ET Q q 0 0 0 rg BT 313.95 141.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 347.93 141.70 Td (Of) Tj ET Q q 0 0 0 rg BT 356.23 141.70 Td (ficers ) Tj ET Q q 0 0 0 rg BT 376.00 141.70 Td (of ) Tj ET Q q 0 0 0 rg BT 384.66 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 396.43 141.70 Td (Company) Tj ET Q q 0 0 0 rg BT 427.02 141.70 Td (, ) Tj ET Q q 0 0 0 rg BT 431.02 141.70 Td (ef) Tj ET Q q 0 0 0 rg BT 437.09 141.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 460.86 141.70 Td (September ) Tj ET Q q 0 0 0 rg BT 497.07 141.70 Td (16, ) Tj ET Q q 0 0 0 rg BT 509.07 141.70 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 123.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.80 123.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 123.70 Td (On ) Tj ET Q q 0 0 0 rg BT 97.85 123.70 Td (October ) Tj ET Q q 0 0 0 rg BT 125.68 123.70 Td (29, ) Tj ET Q q 0 0 0 rg BT 137.75 123.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 157.82 123.70 Td (David ) Tj ET Q q 0 0 0 rg BT 179.44 123.70 Td (Sach, ) Tj ET Q q 0 0 0 rg BT 199.05 123.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 218.90 123.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 250.73 123.70 Td (Of) Tj ET Q q 0 0 0 rg BT 259.03 123.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 273.36 123.70 Td (, ) Tj ET Q q 0 0 0 rg BT 277.43 123.70 Td (left ) Tj ET Q q 0 0 0 rg BT 290.16 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.00 123.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.18 123.70 Td (and ) Tj ET Q q 0 0 0 rg BT 348.80 123.70 Td (David ) Tj ET Q q 0 0 0 rg BT 370.42 123.70 Td (Stur) Tj ET Q q 0 0 0 rg BT 383.61 123.70 Td (geon, ) Tj ET Q q 0 0 0 rg BT 403.23 123.70 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 428.85 123.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 448.69 123.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 480.53 123.70 Td (Of) Tj ET Q q 0 0 0 rg BT 488.82 123.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 503.16 123.70 Td (, ) Tj ET Q q 0 0 0 rg BT 507.22 123.70 Td (was ) Tj ET Q q 0 0 0 rg BT 521.73 123.70 Td (appointed ) Tj ET Q q 0 0 0 rg BT 555.35 123.70 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.77 114.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 135.00 114.10 Td (Acting ) Tj ET Q q 0 0 0 rg BT 158.77 114.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 178.54 114.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 210.31 114.10 Td (Of) Tj ET Q q 0 0 0 rg BT 218.61 114.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 232.82 114.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 96.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.80 96.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 96.10 Td (On ) Tj ET Q q 0 0 0 rg BT 97.78 96.10 Td (November ) Tj ET Q q 0 0 0 rg BT 133.54 96.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 145.54 96.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 165.10 96.10 Td (Anthony ) Tj ET Q q 0 0 0 rg BT 195.10 96.10 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 215.92 96.10 Td (, ) Tj ET Q q 0 0 0 rg BT 219.92 96.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 253.76 96.10 Td (V) Tj ET Q q 0 0 0 rg BT 259.05 96.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 270.38 96.10 Td (President ) Tj ET Q q 0 0 0 rg BT 302.15 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.70 96.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 334.58 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.25 96.10 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 373.68 96.10 Td (Planning ) Tj ET Q q 0 0 0 rg BT 404.13 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.68 96.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 456.78 96.10 Td (left ) Tj ET Q q 0 0 0 rg BT 469.44 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.21 96.10 Td (Company) Tj ET Q q 0 0 0 rg BT 511.80 96.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 80.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 80.50 Td (During ) Tj ET Q q 0 0 0 rg BT 110.37 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 121.84 80.50 Td (final ) Tj ET Q q 0 0 0 rg BT 138.21 80.50 Td (three ) Tj ET Q q 0 0 0 rg BT 155.90 80.50 Td (months ) Tj ET Q q 0 0 0 rg BT 181.16 80.50 Td (of ) Tj ET Q q 0 0 0 rg BT 189.53 80.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 209.23 80.50 Td (and ) Tj ET Q q 0 0 0 rg BT 222.48 80.50 Td (in ) Tj ET Q q 0 0 0 rg BT 230.41 80.50 Td (January ) Tj ET Q q 0 0 0 rg BT 256.99 80.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 276.70 80.50 Td (new ) Tj ET Q q 0 0 0 rg BT 291.73 80.50 Td (appointments ) Tj ET Q q 0 0 0 rg BT 336.54 80.50 Td (to ) Tj ET Q q 0 0 0 rg BT 344.46 80.50 Td (country ) Tj ET Q q 0 0 0 rg BT 370.60 80.50 Td (leadership ) Tj ET Q q 0 0 0 rg BT 405.18 80.50 Td (were ) Tj ET Q q 0 0 0 rg BT 422.43 80.50 Td (announced ) Tj ET Q q 0 0 0 rg BT 458.78 80.50 Td (in ) Tj ET Q q 0 0 0 rg BT 466.71 80.50 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 497.96 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 509.43 80.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 531.13 80.50 Td (Republic, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 70.90 Td (Romania ) Tj ET Q q 0 0 0 rg BT 116.88 70.90 Td (and ) Tj ET Q q 0 0 0 rg BT 130.43 70.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.21 70.90 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 166.43 70.90 Td (Republic. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (23) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Market ) Tj ET Q q 0 0 0 rg BT 75.10 743.45 Td (Information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (After ) Tj ET Q q 0 0 0 rg BT 69.11 727.85 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 100.68 727.85 Td (for ) Tj ET Q q 0 0 0 rg BT 112.24 727.85 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 143.58 727.85 Td (we ) Tj ET Q q 0 0 0 rg BT 155.14 727.85 Td (estimate ) Tj ET Q q 0 0 0 rg BT 184.04 727.85 Td (that ) Tj ET Q q 0 0 0 rg BT 198.27 727.85 Td (real ) Tj ET Q q 0 0 0 rg BT 212.49 727.85 Td (gross ) Tj ET Q q 0 0 0 rg BT 231.61 727.85 Td (domestic ) Tj ET Q q 0 0 0 rg BT 262.73 727.85 Td (product ) Tj ET Q q 0 0 0 rg BT 289.40 727.85 Td (\("GDP"\) ) Tj ET Q q 0 0 0 rg BT 319.50 727.85 Td (in ) Tj ET Q q 0 0 0 rg BT 327.96 727.85 Td (our ) Tj ET Q q 0 0 0 rg BT 340.86 727.85 Td (territories ) Tj ET Q q 0 0 0 rg BT 374.19 727.85 Td (remained ) Tj ET Q q 0 0 0 rg BT 406.18 727.85 Td (flat ) Tj ET Q q 0 0 0 rg BT 419.08 727.85 Td (overall ) Tj ET Q q 0 0 0 rg BT 443.52 727.85 Td (during ) Tj ET Q q 0 0 0 rg BT 466.64 727.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 484.88 727.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 518.65 727.85 Td (to ) Tj ET Q q 0 0 0 rg BT 527.11 727.85 Td (2012. ) Tj ET Q q 0 0 0 rg BT 547.34 727.85 Td (Real ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (private ) Tj ET Q q 0 0 0 rg BT 73.80 718.25 Td (consumption ) Tj ET Q q 0 0 0 rg BT 116.72 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 123.64 718.25 Td (also ) Tj ET Q q 0 0 0 rg BT 138.11 718.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 170.36 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.17 718.25 Td (be ) Tj ET Q q 0 0 0 rg BT 187.30 718.25 Td (flat ) Tj ET Q q 0 0 0 rg BT 199.55 718.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 223.35 718.25 Td (during ) Tj ET Q q 0 0 0 rg BT 245.82 718.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 265.41 718.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 291.43 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 303.68 718.25 Td (ef) Tj ET Q q 0 0 0 rg BT 309.75 718.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 326.01 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.82 718.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 361.61 718.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 398.74 718.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 419.43 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.24 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.49 718.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 471.29 718.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 504.20 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.56 718.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 539.36 718.25 Td (macro-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.65 Td (economic ) Tj ET Q q 0 0 0 rg BT 83.10 708.65 Td (environment ) Tj ET Q q 0 0 0 rg BT 125.53 708.65 Td (did ) Tj ET Q q 0 0 0 rg BT 137.75 708.65 Td (not ) Tj ET Q q 0 0 0 rg BT 149.98 708.65 Td (support ) Tj ET Q q 0 0 0 rg BT 175.98 708.65 Td (an ) Tj ET Q q 0 0 0 rg BT 185.53 708.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 213.73 708.65 Td (in ) Tj ET Q q 0 0 0 rg BT 221.95 708.65 Td (television ) Tj ET Q q 0 0 0 rg BT 255.06 708.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 292.61 708.65 Td (spending ) Tj ET Q q 0 0 0 rg BT 323.49 708.65 Td (during ) Tj ET Q q 0 0 0 rg BT 346.38 708.65 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 693.05 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 693.05 Td (following ) Tj ET Q q 0 0 0 rg BT 97.55 693.05 Td (table ) Tj ET Q q 0 0 0 rg BT 115.09 693.05 Td (sets ) Tj ET Q q 0 0 0 rg BT 129.09 693.05 Td (out ) Tj ET Q q 0 0 0 rg BT 141.32 693.05 Td (our ) Tj ET Q q 0 0 0 rg BT 153.98 693.05 Td (estimates ) Tj ET Q q 0 0 0 rg BT 185.75 693.05 Td (of ) Tj ET Q q 0 0 0 rg BT 194.41 693.05 Td (television ) Tj ET Q q 0 0 0 rg BT 227.52 693.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 265.07 693.05 Td (spending ) Tj ET Q q 0 0 0 rg BT 295.95 693.05 Td (net ) Tj ET Q q 0 0 0 rg BT 307.73 693.05 Td (of ) Tj ET Q q 0 0 0 rg BT 316.39 693.05 Td (discounts ) Tj ET Q q 0 0 0 rg BT 348.61 693.05 Td (by ) Tj ET Q q 0 0 0 rg BT 358.61 693.05 Td (country ) Tj ET Q q 0 0 0 rg BT 385.05 693.05 Td (\(in ) Tj ET Q q 0 0 0 rg BT 395.94 693.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 412.16 693.05 Td (millions\) ) Tj ET Q q 0 0 0 rg BT 443.05 693.05 Td (for ) Tj ET Q q 0 0 0 rg BT 454.38 693.05 Td (the ) Tj ET Q q 0 0 0 rg BT 466.16 693.05 Td (years ) Tj ET Q q 0 0 0 rg BT 485.04 693.05 Td (set ) Tj ET Q q 0 0 0 rg BT 495.92 693.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 513.47 693.05 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 669.55 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 669.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 669.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 669.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 669.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 669.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 639.55 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 639.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 639.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 639.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 639.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 639.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 609.55 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 609.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 609.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 609.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 609.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 609.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 579.55 288.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 579.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 579.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 579.55 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 579.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 579.55 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 669.55 m 409.5 669.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 669.55 m 485.5 669.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 669.55 m 561.5 669.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 669.55 m 409.5 669.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 669.55 m 485.5 669.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 669.55 m 561.5 669.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 579.55 m 409.5 579.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 579.55 m 485.5 579.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 579.55 m 561.5 579.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 579.55 m 409.5 579.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 565.55 m 409.5 565.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 563.55 m 409.5 563.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 579.55 m 485.5 579.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 565.55 m 485.5 565.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 563.55 m 485.5 563.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 579.55 m 561.5 579.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 565.55 m 561.5 565.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 563.55 m 561.5 563.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 563.55 m 561.5 563.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 565.55 m 561.5 565.55 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 673.78 Td (Country) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.00 673.78 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 673.78 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.00 673.78 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 658.80 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.00 658.80 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.65 658.80 Td (106) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.00 658.80 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.65 658.80 Td (111) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 658.80 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 658.80 Td (119) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 643.80 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.65 643.80 Td (99) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.65 643.80 Td (103) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 643.80 Td (115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 628.80 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.65 628.80 Td (314) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.65 628.80 Td (351) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 628.80 Td (368) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 613.80 Td (Romania*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.65 613.80 Td (193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.65 613.80 Td (196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 613.80 Td (209) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 598.80 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.65 598.80 Td (125) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.65 598.80 Td (137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.30 598.80 Td (139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 583.80 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.65 583.80 Td (73) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.65 583.80 Td (78) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 583.80 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 568.78 Td (Total CME Markets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.00 568.78 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.65 568.78 Td (910) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.00 568.78 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.65 568.78 Td (976) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.00 568.78 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 568.78 Td (1,034) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 553.80 Td (Growth rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.95 553.80 Td (\(7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.65 553.80 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.95 553.80 Td (\(6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.65 553.80 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 553.80 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.30 553.80 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.45 Td (* ) Tj ET Q q 0 0 0 rg BT 68.00 540.45 Td (Romania ) Tj ET Q q 0 0 0 rg BT 98.88 540.45 Td (market ) Tj ET Q q 0 0 0 rg BT 123.09 540.45 Td (excludes ) Tj ET Q q 0 0 0 rg BT 153.08 540.45 Td (Moldova.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 530.85 Td (Source: ) Tj ET Q q 0 0 0 rg BT 76.44 530.85 Td (CME ) Tj ET Q q 0 0 0 rg BT 95.77 530.85 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 129.54 530.85 Td (quoted ) Tj ET Q q 0 0 0 rg BT 153.32 530.85 Td (using ) Tj ET Q q 0 0 0 rg BT 172.65 530.85 Td (the ) Tj ET Q q 0 0 0 rg BT 184.43 530.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 202.43 530.85 Td (average ) Tj ET Q q 0 0 0 rg BT 229.29 530.85 Td (exchange ) Tj ET Q q 0 0 0 rg BT 261.50 530.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.48 530.85 Td (for ) Tj ET Q q 0 0 0 rg BT 286.81 530.85 Td (all ) Tj ET Q q 0 0 0 rg BT 296.81 530.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 322.36 530.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 355.01 530.85 Td (above.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 515.25 Td (On ) Tj ET Q q 0 0 0 rg BT 61.70 515.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.17 515.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 95.75 515.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 125.64 515.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 145.56 515.25 Td (television ) Tj ET Q q 0 0 0 rg BT 178.59 515.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 216.05 515.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 246.86 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.00 515.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.58 515.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 294.83 515.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 323.84 515.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 347.97 515.25 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.89 515.25 Td (7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.56 515.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.48 515.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.62 515.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 396.54 515.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 429.99 515.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.14 515.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.83 515.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 479.30 515.25 Td (year) Tj ET Q q 0 0 0 rg BT 492.62 515.25 Td (. ) Tj ET Q q 0 0 0 rg BT 496.40 515.25 Td (The ) Tj ET Q q 0 0 0 rg BT 510.76 515.25 Td (most ) Tj ET Q q 0 0 0 rg BT 528.24 515.25 Td (significant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 505.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 79.81 505.65 Td (was ) Tj ET Q q 0 0 0 rg BT 94.52 505.65 Td (in ) Tj ET Q q 0 0 0 rg BT 103.02 505.65 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 505.65 Td (Czech ) Tj ET Q q 0 0 0 rg BT 137.33 505.65 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 170.49 505.65 Td (where ) Tj ET Q q 0 0 0 rg BT 192.31 505.65 Td (the ) Tj ET Q q 0 0 0 rg BT 204.36 505.65 Td (market ) Tj ET Q q 0 0 0 rg BT 228.85 505.65 Td (is ) Tj ET Q q 0 0 0 rg BT 236.46 505.65 Td (estimated ) Tj ET Q q 0 0 0 rg BT 269.39 505.65 Td (to ) Tj ET Q q 0 0 0 rg BT 277.89 505.65 Td (have ) Tj ET Q q 0 0 0 rg BT 295.26 505.65 Td (decreased ) Tj ET Q q 0 0 0 rg BT 329.07 505.65 Td (by ) Tj ET Q q 0 0 0 rg BT 339.35 505.65 Td (10% ) Tj ET Q q 0 0 0 rg BT 356.29 505.65 Td (due ) Tj ET Q q 0 0 0 rg BT 370.11 505.65 Td (in ) Tj ET Q q 0 0 0 rg BT 378.61 505.65 Td (lar) Tj ET Q q 0 0 0 rg BT 386.90 505.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 396.73 505.65 Td (part ) Tj ET Q q 0 0 0 rg BT 411.44 505.65 Td (to ) Tj ET Q q 0 0 0 rg BT 419.94 505.65 Td (our ) Tj ET Q q 0 0 0 rg BT 432.88 505.65 Td (pricing ) Tj ET Q q 0 0 0 rg BT 457.81 505.65 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 491.64 505.65 Td (described ) Tj ET Q q 0 0 0 rg BT 524.57 505.65 Td (above. ) Tj ET Q q 0 0 0 rg BT 547.78 505.65 Td (This ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 496.05 Td (also ) Tj ET Q q 0 0 0 rg BT 65.06 496.05 Td (had ) Tj ET Q q 0 0 0 rg BT 78.79 496.05 Td (a ) Tj ET Q q 0 0 0 rg BT 84.52 496.05 Td (negative ) Tj ET Q q 0 0 0 rg BT 113.79 496.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 137.73 496.05 Td (on ) Tj ET Q q 0 0 0 rg BT 147.91 496.05 Td (the ) Tj ET Q q 0 0 0 rg BT 159.86 496.05 Td (television ) Tj ET Q q 0 0 0 rg BT 193.14 496.05 Td (advertising ) Tj ET Q q 0 0 0 rg BT 230.86 496.05 Td (market ) Tj ET Q q 0 0 0 rg BT 255.25 496.05 Td (in ) Tj ET Q q 0 0 0 rg BT 263.65 496.05 Td (the ) Tj ET Q q 0 0 0 rg BT 275.60 496.05 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 300.00 496.05 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 332.90 496.05 Td (The ) Tj ET Q q 0 0 0 rg BT 347.51 496.05 Td (decline ) Tj ET Q q 0 0 0 rg BT 372.78 496.05 Td (in ) Tj ET Q q 0 0 0 rg BT 381.18 496.05 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 410.91 496.05 Td (was ) Tj ET Q q 0 0 0 rg BT 425.52 496.05 Td (due ) Tj ET Q q 0 0 0 rg BT 439.25 496.05 Td (to ) Tj ET Q q 0 0 0 rg BT 447.65 496.05 Td (a ) Tj ET Q q 0 0 0 rg BT 453.37 496.05 Td (decrease ) Tj ET Q q 0 0 0 rg BT 483.08 496.05 Td (in ) Tj ET Q q 0 0 0 rg BT 491.48 496.05 Td (average ) Tj ET Q q 0 0 0 rg BT 518.52 496.05 Td (market ) Tj ET Q q 0 0 0 rg BT 542.91 496.05 Td (prices ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 486.45 Td (amid ) Tj ET Q q 0 0 0 rg BT 67.80 486.45 Td (heavy ) Tj ET Q q 0 0 0 rg BT 88.70 486.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 128.71 486.45 Td (as ) Tj ET Q q 0 0 0 rg BT 137.18 486.45 Td (well ) Tj ET Q q 0 0 0 rg BT 152.75 486.45 Td (as ) Tj ET Q q 0 0 0 rg BT 161.22 486.45 Td (a ) Tj ET Q q 0 0 0 rg BT 166.57 486.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 195.90 486.45 Td (in ) Tj ET Q q 0 0 0 rg BT 203.93 486.45 Td (our ) Tj ET Q q 0 0 0 rg BT 216.39 486.45 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 236.87 486.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 252.00 486.45 Td (during ) Tj ET Q q 0 0 0 rg BT 274.69 486.45 Td (the ) Tj ET Q q 0 0 0 rg BT 286.27 486.45 Td (first ) Tj ET Q q 0 0 0 rg BT 300.95 486.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 325.41 486.45 Td (while ) Tj ET Q q 0 0 0 rg BT 344.98 486.45 Td (our ) Tj ET Q q 0 0 0 rg BT 357.45 486.45 Td (channels ) Tj ET Q q 0 0 0 rg BT 387.23 486.45 Td (were ) Tj ET Q q 0 0 0 rg BT 404.58 486.45 Td (not ) Tj ET Q q 0 0 0 rg BT 416.60 486.45 Td (distributed ) Tj ET Q q 0 0 0 rg BT 452.62 486.45 Td (on ) Tj ET Q q 0 0 0 rg BT 462.42 486.45 Td (cable ) Tj ET Q q 0 0 0 rg BT 481.10 486.45 Td (platforms ) Tj ET Q q 0 0 0 rg BT 513.56 486.45 Td (during ) Tj ET Q q 0 0 0 rg BT 536.25 486.45 Td (carriage ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 476.85 Td (fee ) Tj ET Q q 0 0 0 rg BT 61.91 476.85 Td (negotiations. ) Tj ET Q q 0 0 0 rg BT 105.00 476.85 Td (The ) Tj ET Q q 0 0 0 rg BT 119.58 476.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 149.26 476.85 Td (in ) Tj ET Q q 0 0 0 rg BT 157.63 476.85 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 187.77 476.85 Td (is ) Tj ET Q q 0 0 0 rg BT 195.24 476.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 233.82 476.85 Td (to ) Tj ET Q q 0 0 0 rg BT 242.18 476.85 Td (recent ) Tj ET Q q 0 0 0 rg BT 263.87 476.85 Td (banking ) Tj ET Q q 0 0 0 rg BT 291.78 476.85 Td (sector ) Tj ET Q q 0 0 0 rg BT 313.03 476.85 Td (problems ) Tj ET Q q 0 0 0 rg BT 344.95 476.85 Td (and ) Tj ET Q q 0 0 0 rg BT 358.64 476.85 Td (political ) Tj ET Q q 0 0 0 rg BT 387.00 476.85 Td (instability) Tj ET Q q 0 0 0 rg BT 418.48 476.85 Td (. ) Tj ET Q q 0 0 0 rg BT 422.47 476.85 Td (T) Tj ET Q q 0 0 0 rg BT 426.80 476.85 Td (elevision ) Tj ET Q q 0 0 0 rg BT 457.82 476.85 Td (advertising ) Tj ET Q q 0 0 0 rg BT 495.51 476.85 Td (spending ) Tj ET Q q 0 0 0 rg BT 526.54 476.85 Td (declined ) Tj ET Q q 0 0 0 rg BT 555.78 476.85 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 75.55 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.10 467.25 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 121.98 467.25 Td (however ) Tj ET Q q 0 0 0 rg BT 151.52 467.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.19 467.25 Td (market ) Tj ET Q q 0 0 0 rg BT 188.40 467.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 210.39 467.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.61 467.25 Td (those ) Tj ET Q q 0 0 0 rg BT 237.50 467.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 268.82 467.25 Td (rose ) Tj ET Q q 0 0 0 rg BT 284.15 467.25 Td (as ) Tj ET Q q 0 0 0 rg BT 292.82 467.25 Td (our ) Tj ET Q q 0 0 0 rg BT 305.48 467.25 Td (television ) Tj ET Q q 0 0 0 rg BT 338.59 467.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 376.13 467.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 403.45 467.25 Td (increased.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 448.65 Td (Segment ) Tj ET Q q 0 0 0 rg BT 79.10 448.65 Td (Performance) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 378.15 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 378.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 378.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 378.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 378.15 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 378.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 378.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 378.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 378.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 348.15 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 348.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 348.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 348.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 348.15 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 348.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 348.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 348.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 348.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 318.15 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 318.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 318.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 318.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 318.15 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 318.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 318.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 318.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 318.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 288.15 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 288.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 288.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 288.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 288.15 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 288.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 288.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 288.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 288.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 288.15 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 423.15 m 206.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 423.15 m 210.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 423.15 m 256.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 423.15 m 260.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 423.15 m 306.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 423.15 m 310.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 423.15 m 356.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 423.15 m 365.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 423.15 m 411.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 423.15 m 415.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 423.15 m 461.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 423.15 m 465.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 423.15 m 511.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 423.15 m 515.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 423.15 m 561.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 423.15 m 206.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 408.15 m 206.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 408.15 m 210.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 408.15 m 256.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 408.15 m 260.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 408.15 m 306.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 408.15 m 310.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 408.15 m 356.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 423.15 m 365.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 408.15 m 365.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 423.15 m 411.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 408.15 m 411.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 423.15 m 415.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 408.15 m 415.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 423.15 m 461.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 408.15 m 461.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 423.15 m 465.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 408.15 m 465.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 423.15 m 511.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 408.15 m 511.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 423.15 m 515.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 408.15 m 515.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 423.15 m 561.5 423.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 408.15 m 561.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 393.15 m 306.5 393.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 393.15 m 310.5 393.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 393.15 m 356.5 393.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 408.15 m 511.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 393.15 m 511.5 393.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 408.15 m 515.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 393.15 m 515.5 393.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 408.15 m 561.5 408.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 393.15 m 561.5 393.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 378.15 m 206.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 378.15 m 256.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 378.15 m 306.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 378.15 m 356.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 378.15 m 411.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 378.15 m 461.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 378.15 m 511.5 378.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 378.15 m 561.5 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 273.15 m 206.5 273.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 260.15 m 206.5 260.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 258.15 m 206.5 258.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 273.15 m 256.5 273.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 260.15 m 256.5 260.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 258.15 m 256.5 258.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 273.15 m 411.5 273.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 260.15 m 411.5 260.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 258.15 m 411.5 258.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 273.15 m 461.5 273.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 260.15 m 461.5 260.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 258.15 m 461.5 258.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 427.40 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.55 427.38 Td (NET REVENUES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 412.40 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 412.38 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 397.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 397.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 397.40 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 397.38 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 397.38 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 382.40 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 382.38 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 382.38 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 382.38 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 382.38 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 382.38 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 382.38 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 382.38 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 382.38 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 367.40 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 367.40 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 367.40 Td (87,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 367.40 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 367.40 Td (85,241) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 367.40 Td (2.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 367.40 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 367.40 Td (\(0.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 367.40 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 367.40 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 367.40 Td (85,241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 367.40 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 367.40 Td (95,663) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 367.40 Td (\(10.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 367.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 367.40 Td (\(3.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 367.40 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 352.40 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 352.40 Td (61,864) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 352.40 Td (59,299) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 352.40 Td (4.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 352.40 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 352.40 Td (2.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 352.40 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 352.40 Td (59,299) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 352.40 Td (63,674) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 352.40 Td (\(6.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 352.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 352.40 Td (1.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 352.40 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 337.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 73.99 337.40 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 337.40 Td (191,824) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 337.40 Td (278,097) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 337.40 Td (\(31.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 337.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 337.40 Td (\(30.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 337.40 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 337.40 Td (278,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 337.40 Td (313,947) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 337.40 Td (\(11.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 337.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 337.40 Td (\(2.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 337.40 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 322.40 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 322.40 Td (208,077) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 322.40 Td (195,551) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 322.40 Td (6.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 322.40 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 322.40 Td (2.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 322.40 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 322.40 Td (195,551) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 322.40 Td (216,323) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 322.40 Td (\(9.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 322.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 322.40 Td (2.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 322.40 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 307.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 76.22 307.40 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 307.40 Td (82,404) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 307.40 Td (96,174) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 307.40 Td (\(14.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 307.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 307.40 Td (\(16.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 307.40 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 307.40 Td (96,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 307.40 Td (105,091) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 307.40 Td (\(8.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 307.40 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 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w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.5 m 461.5 688.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 688.5 m 511.5 688.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 688.5 m 561.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 583.5 m 206.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 583.5 m 256.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 583.5 m 411.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 583.5 m 461.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 553.5 m 206.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 539.5 m 206.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 537.5 m 206.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 553.5 m 256.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 539.5 m 256.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 537.5 m 256.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 553.5 m 411.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 539.5 m 411.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 537.5 m 411.5 537.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 553.5 m 461.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 539.5 m 461.5 539.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 537.5 m 461.5 537.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 737.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.60 737.73 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 722.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 722.73 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 707.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 707.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 707.75 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 707.73 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 707.73 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 692.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 692.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 692.73 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 692.73 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 692.73 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 692.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 692.73 Td (2011) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.50 692.73 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 539.55 692.73 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 677.75 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 677.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 677.75 Td (13,391) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 677.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 677.75 Td (13,121) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 677.75 Td (2.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 677.75 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 677.75 Td (\(1.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 677.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 677.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 677.75 Td (13,121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 677.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 677.75 Td (11,137) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 677.75 Td (17.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 677.75 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 677.75 Td (26.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 677.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 662.75 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 662.75 Td (8,258) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 662.75 Td (7,924) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 662.75 Td (4.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 662.75 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 662.75 Td (4.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 662.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 662.75 Td (7,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 662.75 Td (4,310) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 662.75 Td (83.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 662.75 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 662.75 Td (94.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 662.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 647.75 Td (Czech ) Tj ET Q q 0 0 0 rg BT 73.99 647.75 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.60 647.75 Td (\(11,287) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 647.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 647.75 Td (106,265) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.80 647.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 296.91 651.37 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.80 647.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 346.91 651.37 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 647.75 Td (106,265) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 647.75 Td (145,691) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 647.75 Td (\(27.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 647.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 534.95 647.75 Td (\(19.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 647.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 632.75 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 632.75 Td (6,081) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 632.75 Td (17,616) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 632.75 Td (\(65.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 632.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 632.75 Td (\(66.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 632.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 632.75 Td (17,616) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 632.75 Td (30,789) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 632.75 Td (\(42.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 632.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 534.95 632.75 Td (\(34.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 632.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 617.75 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 76.22 617.75 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.60 617.75 Td (\(19,859) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 617.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 617.75 Td (8,604) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.80 617.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 296.91 621.37 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.80 617.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 346.91 621.37 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 617.75 Td (8,604) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 617.75 Td (9,491) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 617.75 Td (\(9.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 617.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 617.75 Td (\(2.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 617.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 602.75 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 602.75 Td (9,254) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 602.75 Td (14,933) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 602.75 Td (\(38.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 602.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 602.75 Td (\(39.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 602.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 602.75 Td (14,933) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 602.75 Td (19,928) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 602.75 Td (\(25.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 602.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 534.95 602.75 Td (\(19.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 602.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 587.75 Td (Eliminations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.60 587.75 Td (\(32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 587.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.60 587.75 Td (\(759) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.30 587.75 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.80 587.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 296.91 591.37 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.80 587.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 346.91 591.37 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.60 587.75 Td (\(759) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 587.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.60 587.75 Td (\(12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.30 587.75 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.80 587.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 501.91 591.37 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.80 587.75 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 551.91 591.37 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 572.73 Td (T) Tj ET Q q 0 0 0 rg BT 56.97 572.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.49 572.73 Td (operating ) Tj ET Q q 0 0 0 rg BT 106.38 572.73 Td (segments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 185.25 572.73 Td (5,806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 572.73 Td (167,704) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.95 572.73 Td (\(96.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 572.73 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 329.95 572.73 Td (\(96.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 572.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 572.73 Td (167,704) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 572.73 Td (221,334) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 572.73 Td (\(24.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 572.73 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 534.95 572.73 Td (\(16.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 572.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 557.75 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.60 557.75 Td (\(52,261) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 557.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.60 557.75 Td (\(42,282) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.30 557.75 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 557.75 Td (\(23.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 557.75 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 557.75 Td (\(23.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 557.75 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.60 557.75 Td (\(42,282) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 557.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.60 557.75 Td (\(54,332) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.30 557.75 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 557.75 Td (22.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 557.75 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 557.75 Td (17.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 557.75 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 542.73 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 98.90 542.73 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 542.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.60 542.73 Td (\(46,455) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.30 542.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 542.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 542.73 Td (125,422) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 282.90 542.73 Td (Nm ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 296.90 546.36 Td (\(1\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 332.90 542.73 Td (Nm ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 346.90 546.36 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 542.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 542.73 Td (125,422) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 542.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 542.73 Td (167,002) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 542.73 Td (\(24.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 542.73 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 534.95 542.73 Td (\(16.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 542.73 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 530.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 530.60 Td (Number ) Tj ET Q q 0 0 0 rg BT 110.69 530.60 Td (is ) Tj ET Q q 0 0 0 rg BT 117.11 530.60 Td (not ) Tj ET Q q 0 0 0 rg BT 127.80 530.60 Td (meaningful.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 492.20 Td (Bulgaria) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 436.70 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 436.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 436.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 436.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 436.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 436.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 436.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 436.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 436.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 400.70 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 400.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 400.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 400.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 400.70 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 400.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 400.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 400.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 400.70 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 370.70 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 370.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 370.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 370.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 370.70 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 370.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 370.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 370.70 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 370.70 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 370.70 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 481.7 m 206.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 466.7 m 206.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 481.7 m 210.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 466.7 m 210.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 481.7 m 256.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 466.7 m 256.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 481.7 m 260.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 466.7 m 260.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 481.7 m 306.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 466.7 m 306.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 481.7 m 310.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 466.7 m 310.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 481.7 m 356.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 466.7 m 356.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 481.7 m 365.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 466.7 m 365.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 481.7 m 411.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 466.7 m 411.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 481.7 m 415.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 466.7 m 415.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 481.7 m 461.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 466.7 m 461.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 481.7 m 465.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 466.7 m 465.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 481.7 m 511.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 466.7 m 511.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 481.7 m 515.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 466.7 m 515.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 481.7 m 561.5 481.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 466.7 m 561.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 451.7 m 306.5 451.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 451.7 m 310.5 451.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 451.7 m 356.5 451.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 466.7 m 511.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 451.7 m 511.5 451.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 466.7 m 515.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 451.7 m 515.5 451.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 466.7 m 561.5 466.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 451.7 m 561.5 451.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 436.7 m 206.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 436.7 m 256.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 436.7 m 306.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 436.7 m 411.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 436.7 m 461.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 436.7 m 511.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 436.7 m 206.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 436.7 m 256.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 436.7 m 356.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 436.7 m 461.5 436.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 436.7 m 561.5 436.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 385.7 m 461.5 385.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 385.7 m 206.5 385.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 385.7 m 256.5 385.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 385.7 m 411.5 385.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 385.7 m 461.5 385.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 349.7 m 256.5 349.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 349.7 m 206.5 349.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 335.7 m 206.5 335.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 333.7 m 206.5 333.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 349.7 m 256.5 349.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 335.7 m 256.5 335.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 333.7 m 256.5 333.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 349.7 m 411.5 349.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 335.7 m 411.5 335.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 333.7 m 411.5 333.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 349.7 m 461.5 349.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 335.7 m 461.5 335.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 333.7 m 461.5 333.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 470.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 470.93 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 455.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 455.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 455.95 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 455.93 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 455.93 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 440.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 440.93 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 440.93 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 440.93 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 440.93 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 440.93 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 440.93 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 440.93 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 440.93 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 425.95 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 425.95 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.21 425.95 Td (advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 425.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 425.95 Td (65,569) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 425.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 425.95 Td (72,535) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.95 425.95 Td (\(9.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 425.95 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 425.95 Td (\(11.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 425.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 425.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 425.95 Td (72,535) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 425.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 425.95 Td (84,019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 425.95 Td (\(13.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 425.95 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 425.95 Td (\(6.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 425.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 404.95 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 404.95 Td (16,179) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 404.95 Td (7,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 278.65 404.95 Td (114.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 404.95 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 328.65 404.95 Td (108.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 404.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 404.95 Td (7,552) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 404.95 Td (5,959) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 404.95 Td (26.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 404.95 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 404.95 Td (38.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 404.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 389.95 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 389.95 Td (5,700) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 389.95 Td (5,154) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 389.95 Td (10.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 389.95 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 389.95 Td (7.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 389.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 389.95 Td (5,154) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 389.95 Td (5,685) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 389.95 Td (\(9.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 389.95 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 389.95 Td (\(1.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 389.95 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 374.93 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 374.93 Td (r) Tj ET Q q 0 0 0 rg BT 69.47 374.93 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.25 374.93 Td (87,448) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 374.93 Td (85,241) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.65 374.93 Td (2.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 374.93 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 333.95 374.93 Td (\(0.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 374.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 374.93 Td (85,241) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.25 374.93 Td (95,663) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 374.93 Td (\(10.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 374.93 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.95 374.93 Td (\(3.7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 374.93 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 361.95 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.97 361.95 Td (char) Tj ET Q q 0 0 0 rg BT 89.59 361.95 Td (ged ) Tj ET Q q 0 0 0 rg BT 107.32 361.95 Td (in ) Tj ET Q q 0 0 0 rg BT 119.72 361.95 Td (arriving ) Tj ET Q q 0 0 0 rg BT 151.23 361.95 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 353.95 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 353.95 Td (74,057) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 353.95 Td (72,120) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 353.95 Td (2.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 353.95 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 353.95 Td (0.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 353.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 353.95 Td (72,120) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 353.95 Td (84,526) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 353.95 Td (\(14.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 353.95 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 353.95 Td (\(7.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 353.95 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 338.93 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 338.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.25 338.93 Td (13,391) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 338.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 338.93 Td (13,121) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.65 338.93 Td (2.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 338.93 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 333.95 338.93 Td (\(1.7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 338.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 338.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 338.93 Td (13,121) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 338.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.25 338.93 Td (11,137) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 487.65 338.93 Td (17.8) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 504.30 338.93 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 537.65 338.93 Td (26.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 554.30 338.93 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 311.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 311.20 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.02 311.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 122.38 311.20 Td (spending ) Tj ET Q q 0 0 0 rg BT 153.08 311.20 Td (in ) Tj ET Q q 0 0 0 rg BT 161.12 311.20 Td (Bulgaria ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.48 311.20 Td (declined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.57 311.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.39 311.20 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.05 311.20 Td ( ) Tj ET Q q 0 0 0 rg BT 231.86 311.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.90 311.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.90 311.20 Td ( ) Tj ET Q q 0 0 0 rg BT 257.71 311.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 291.06 311.20 Td (to ) Tj ET Q q 0 0 0 rg BT 299.10 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 310.68 311.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 328.05 311.20 Td (year) Tj ET Q q 0 0 0 rg BT 341.37 311.20 Td (. ) Tj ET Q q 0 0 0 rg BT 345.05 311.20 Td (The ) Tj ET Q q 0 0 0 rg BT 359.30 311.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 388.66 311.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 417.13 311.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 445.60 311.20 Td (net ) Tj ET Q q 0 0 0 rg BT 457.19 311.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 487.43 311.20 Td (of ) Tj ET Q q 0 0 0 rg BT 495.90 311.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.94 311.20 Td (87.4 ) Tj ET Q q 0 0 0 rg BT 527.76 311.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.87 311.20 Td ( ) Tj ET Q q 0 0 0 rg BT 552.68 311.20 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 67.96 301.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 101.47 301.60 Td (to ) Tj ET Q q 0 0 0 rg BT 109.65 301.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.84 301.60 Td (85.2 ) Tj ET Q q 0 0 0 rg BT 141.81 301.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.92 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.88 301.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.07 301.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.07 301.60 Td (, ) Tj ET Q q 0 0 0 rg BT 195.04 301.60 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.55 301.60 Td (increase) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 230.75 301.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 232.72 301.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.34 301.60 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.01 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.97 301.60 Td (on ) Tj ET Q q 0 0 0 rg BT 263.94 301.60 Td (an ) Tj ET Q q 0 0 0 rg BT 273.45 301.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 294.51 301.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 314.48 301.60 Td (or ) Tj ET Q q 0 0 0 rg BT 323.10 301.60 Td (broadly ) Tj ET Q q 0 0 0 rg BT 349.51 301.60 Td (flat ) Tj ET Q q 0 0 0 rg BT 362.13 301.60 Td (on ) Tj ET Q q 0 0 0 rg BT 372.09 301.60 Td (a ) Tj ET Q q 0 0 0 rg BT 377.61 301.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 406.23 301.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 436.18 301.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 456.14 301.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 470.55 301.60 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 500.06 301.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 535.34 301.60 Td (reported ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 292.00 Td (a ) Tj ET Q q 0 0 0 rg BT 55.28 292.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 80.11 292.00 Td (in ) Tj ET Q q 0 0 0 rg BT 88.07 292.00 Td (television ) Tj ET Q q 0 0 0 rg BT 120.91 292.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 158.19 292.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 188.35 292.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.30 292.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.30 292.00 Td ( ) Tj ET Q q 0 0 0 rg BT 214.04 292.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 245.54 292.00 Td (due ) Tj ET Q q 0 0 0 rg BT 258.82 292.00 Td (to ) Tj ET Q q 0 0 0 rg BT 266.78 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 278.28 292.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 301.78 292.00 Td (of ) Tj ET Q q 0 0 0 rg BT 310.18 292.00 Td (our ) Tj ET Q q 0 0 0 rg BT 322.58 292.00 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 363.41 292.00 Td (with ) Tj ET Q q 0 0 0 rg BT 379.37 292.00 Td (a ) Tj ET Q q 0 0 0 rg BT 384.65 292.00 Td (major ) Tj ET Q q 0 0 0 rg BT 405.04 292.00 Td (satellite ) Tj ET Q q 0 0 0 rg BT 431.66 292.00 Td (operator ) Tj ET Q q 0 0 0 rg BT 460.04 292.00 Td (in ) Tj ET Q q 0 0 0 rg BT 468.00 292.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 497.28 292.00 Td (during ) Tj ET Q q 0 0 0 rg BT 519.89 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 292.00 Td (first ) Tj ET Q q 0 0 0 rg BT 546.02 292.00 Td (three ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 282.40 Td (months ) Tj ET Q q 0 0 0 rg BT 75.66 282.40 Td (of ) Tj ET Q q 0 0 0 rg BT 84.43 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 96.31 282.40 Td (year ) Tj ET Q q 0 0 0 rg BT 112.18 282.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 144.94 282.40 Td (our ) Tj ET Q q 0 0 0 rg BT 157.71 282.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 185.56 282.40 Td (fees, ) Tj ET Q q 0 0 0 rg BT 202.55 282.40 Td (which ) Tj ET Q q 0 0 0 rg BT 224.20 282.40 Td (resulted ) Tj ET Q q 0 0 0 rg BT 251.63 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 259.96 282.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 280.28 282.40 Td (coverage ) Tj ET Q q 0 0 0 rg BT 311.25 282.40 Td (and ) Tj ET Q q 0 0 0 rg BT 324.90 282.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 355.43 282.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 377.53 282.40 Td (when ) Tj ET Q q 0 0 0 rg BT 396.96 282.40 Td (transmission ) Tj ET Q q 0 0 0 rg BT 439.51 282.40 Td (of ) Tj ET Q q 0 0 0 rg BT 448.28 282.40 Td (our ) Tj ET Q q 0 0 0 rg BT 461.05 282.40 Td (channels ) Tj ET Q q 0 0 0 rg BT 491.14 282.40 Td (was ) Tj ET Q q 0 0 0 rg BT 505.69 282.40 Td (suspended ) Tj ET Q q 0 0 0 rg BT 541.12 282.40 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 272.80 Td (these ) Tj ET Q q 0 0 0 rg BT 69.05 272.80 Td (negotiations. ) Tj ET Q q 0 0 0 rg BT 112.77 272.80 Td (Following ) Tj ET Q q 0 0 0 rg BT 148.27 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 160.66 272.80 Td (successful ) Tj ET Q q 0 0 0 rg BT 196.15 272.80 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 233.42 272.80 Td (of ) Tj ET Q q 0 0 0 rg BT 242.70 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 255.09 272.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 284.80 272.80 Td (of ) Tj ET Q q 0 0 0 rg BT 294.08 272.80 Td (our ) Tj ET Q q 0 0 0 rg BT 307.36 272.80 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 349.07 272.80 Td (with ) Tj ET Q q 0 0 0 rg BT 365.91 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 378.29 272.80 Td (cable, ) Tj ET Q q 0 0 0 rg BT 399.78 272.80 Td (satellite ) Tj ET Q q 0 0 0 rg BT 427.27 272.80 Td (and ) Tj ET Q q 0 0 0 rg BT 441.44 272.80 Td (Internet ) Tj ET Q q 0 0 0 rg BT 468.92 272.80 Td (Protocol ) Tj ET Q q 0 0 0 rg BT 498.65 272.80 Td (television ) Tj ET Q q 0 0 0 rg BT 532.36 272.80 Td (\("IPTV"\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 263.20 Td (operators ) Tj ET Q q 0 0 0 rg BT 81.95 263.20 Td (in ) Tj ET Q q 0 0 0 rg BT 90.36 263.20 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 122.09 263.20 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 263.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 162.89 263.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 174.84 263.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 205.45 263.20 Td (doubled ) Tj ET Q q 0 0 0 rg BT 233.41 263.20 Td (during ) Tj ET Q q 0 0 0 rg BT 256.49 263.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 274.67 263.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 308.40 263.20 Td (to ) Tj ET Q q 0 0 0 rg BT 316.81 263.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 337.00 263.20 Td (which ) Tj ET Q q 0 0 0 rg BT 358.73 263.20 Td (more ) Tj ET Q q 0 0 0 rg BT 377.36 263.20 Td (than ) Tj ET Q q 0 0 0 rg BT 393.32 263.20 Td (of) Tj ET Q q 0 0 0 rg BT 399.84 263.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 413.57 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 425.53 263.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 455.25 263.20 Td (in ) Tj ET Q q 0 0 0 rg BT 463.66 263.20 Td (television ) Tj ET Q q 0 0 0 rg BT 496.95 263.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 534.69 263.20 Td (revenue. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 253.60 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.30 253.60 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.96 253.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 76.82 253.60 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.36 253.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.22 253.60 Td (in ) Tj ET Q q 0 0 0 rg BT 114.30 253.60 Td (net ) Tj ET Q q 0 0 0 rg BT 125.94 253.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 156.23 253.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.31 253.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.31 253.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.17 253.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 215.57 253.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.66 253.60 Td (201) Tj ET Q q 0 0 0 rg BT 235.36 253.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.36 253.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.22 253.60 Td (on ) Tj ET Q q 0 0 0 rg BT 251.08 253.60 Td (a ) Tj ET Q q 0 0 0 rg BT 256.49 253.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 285.02 253.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 314.86 253.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 332.72 253.60 Td (was ) Tj ET Q q 0 0 0 rg BT 347.02 253.60 Td (due ) Tj ET Q q 0 0 0 rg BT 360.43 253.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 392.06 253.60 Td (to ) Tj ET Q q 0 0 0 rg BT 400.15 253.60 Td (a ) Tj ET Q q 0 0 0 rg BT 405.56 253.60 Td (7% ) Tj ET Q q 0 0 0 rg BT 418.09 253.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 447.48 253.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.56 253.60 Td (television ) Tj ET Q q 0 0 0 rg BT 488.53 253.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 525.94 253.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 556.23 253.60 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 244.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 78.55 244.00 Td (rates, ) Tj ET Q q 0 0 0 rg BT 97.55 244.00 Td (which ) Tj ET Q q 0 0 0 rg BT 118.99 244.00 Td (was ) Tj ET Q q 0 0 0 rg BT 133.33 244.00 Td (broadly ) Tj ET Q q 0 0 0 rg BT 159.66 244.00 Td (in ) Tj ET Q q 0 0 0 rg BT 167.78 244.00 Td (line ) Tj ET Q q 0 0 0 rg BT 181.67 244.00 Td (with ) Tj ET Q q 0 0 0 rg BT 197.78 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 209.45 244.00 Td (contraction ) Tj ET Q q 0 0 0 rg BT 247.33 244.00 Td (in ) Tj ET Q q 0 0 0 rg BT 255.44 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 267.11 244.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 304.55 244.00 Td (market, ) Tj ET Q q 0 0 0 rg BT 330.65 244.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 359.20 244.00 Td (of) Tj ET Q q 0 0 0 rg BT 365.72 244.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 379.17 244.00 Td (by ) Tj ET Q q 0 0 0 rg BT 389.06 244.00 Td (an ) Tj ET Q q 0 0 0 rg BT 398.51 244.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 426.60 244.00 Td (in ) Tj ET Q q 0 0 0 rg BT 434.72 244.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 462.37 244.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 477.14 244.00 Td (and ) Tj ET Q q 0 0 0 rg BT 490.58 244.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 531.59 244.00 Td (revenues. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 228.40 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.85 228.40 Td (char) Tj ET Q q 0 0 0 rg BT 83.47 228.40 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.08 228.40 Td (in ) Tj ET Q q 0 0 0 rg BT 105.36 228.40 Td (arriving ) Tj ET Q q 0 0 0 rg BT 132.75 228.40 Td (at ) Tj ET Q q 0 0 0 rg BT 140.58 228.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 165.47 228.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.53 228.40 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.73 228.40 Td ( ) Tj ET Q q 0 0 0 rg BT 199.79 228.40 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.86 228.40 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.52 228.40 Td ( ) Tj ET Q q 0 0 0 rg BT 222.58 228.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.86 228.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.86 228.40 Td (, ) Tj ET Q q 0 0 0 rg BT 250.92 228.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 284.52 228.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.81 228.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.81 228.40 Td (. ) Tj ET Q q 0 0 0 rg BT 312.87 228.40 Td (On ) Tj ET Q q 0 0 0 rg BT 324.71 228.40 Td (a ) Tj ET Q q 0 0 0 rg BT 330.32 228.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 359.04 228.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 389.08 228.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 409.14 228.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 427.20 228.40 Td (were ) Tj ET Q q 0 0 0 rg BT 444.80 228.40 Td (broadly ) Tj ET Q q 0 0 0 rg BT 471.30 228.40 Td (flat ) Tj ET Q q 0 0 0 rg BT 484.02 228.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 517.62 228.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.90 228.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.90 228.40 Td ( ) Tj ET Q q 0 0 0 rg BT 543.96 228.40 Td (as ) Tj ET Q q 0 0 0 rg BT 552.69 228.40 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 218.80 Td (were ) Tj ET Q q 0 0 0 rg BT 67.63 218.80 Td (able ) Tj ET Q q 0 0 0 rg BT 83.03 218.80 Td (to ) Tj ET Q q 0 0 0 rg BT 91.34 218.80 Td (of) Tj ET Q q 0 0 0 rg BT 97.86 218.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 111.49 218.80 Td (an ) Tj ET Q q 0 0 0 rg BT 121.12 218.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 149.41 218.80 Td (in ) Tj ET Q q 0 0 0 rg BT 157.71 218.80 Td (content ) Tj ET Q q 0 0 0 rg BT 183.34 218.80 Td (costs, ) Tj ET Q q 0 0 0 rg BT 203.42 218.80 Td (in ) Tj ET Q q 0 0 0 rg BT 211.73 218.80 Td (response ) Tj ET Q q 0 0 0 rg BT 241.80 218.80 Td (to ) Tj ET Q q 0 0 0 rg BT 250.11 218.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 282.39 218.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 319.58 218.80 Td (by ) Tj ET Q q 0 0 0 rg BT 329.66 218.80 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 371.51 218.80 Td (by ) Tj ET Q q 0 0 0 rg BT 381.59 218.80 Td (savings ) Tj ET Q q 0 0 0 rg BT 407.68 218.80 Td (in ) Tj ET Q q 0 0 0 rg BT 415.98 218.80 Td (other ) Tj ET Q q 0 0 0 rg BT 434.50 218.80 Td (costs. ) Tj ET Q q 0 0 0 rg BT 454.43 218.80 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.95 218.80 Td (8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.62 218.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.70 218.80 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.23 218.80 Td ( ) Tj ET Q q 0 0 0 rg BT 511.31 218.80 Td (in ) Tj ET Q q 0 0 0 rg BT 519.62 218.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 537.70 218.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.00 218.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.00 218.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 209.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 83.31 209.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 91.31 209.20 Td (201) Tj ET Q q 0 0 0 rg BT 103.02 209.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.02 209.20 Td ( ) Tj ET Q q 0 0 0 rg BT 108.79 209.20 Td (on ) Tj ET Q q 0 0 0 rg BT 118.57 209.20 Td (a ) Tj ET Q q 0 0 0 rg BT 123.89 209.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 152.33 209.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 182.08 209.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 199.86 209.20 Td (was ) Tj ET Q q 0 0 0 rg BT 214.08 209.20 Td (due ) Tj ET Q q 0 0 0 rg BT 227.40 209.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 258.95 209.20 Td (to ) Tj ET Q q 0 0 0 rg BT 266.95 209.20 Td (a ) Tj ET Q q 0 0 0 rg BT 272.27 209.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 301.58 209.20 Td (in ) Tj ET Q q 0 0 0 rg BT 309.58 209.20 Td (content ) Tj ET Q q 0 0 0 rg BT 334.90 209.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 352.67 209.20 Td (and ) Tj ET Q q 0 0 0 rg BT 366.00 209.20 Td (selling, ) Tj ET Q q 0 0 0 rg BT 391.11 209.20 Td (general ) Tj ET Q q 0 0 0 rg BT 416.42 209.20 Td (and ) Tj ET Q q 0 0 0 rg BT 429.75 209.20 Td (administrative ) Tj ET Q q 0 0 0 rg BT 477.29 209.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 507.94 209.20 Td (initiated ) Tj ET Q q 0 0 0 rg BT 535.93 209.20 Td (to ) Tj ET Q q 0 0 0 rg BT 543.93 209.20 Td (of) Tj ET Q q 0 0 0 rg BT 550.45 209.20 Td (fset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 199.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 199.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 86.87 199.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.09 199.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 132.64 199.60 Td (revenues.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 184.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.54 184.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 94.18 184.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 122.94 184.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 151.68 184.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 176.57 184.00 Td ( ) Tj ET Q q 0 0 0 rg BT 178.67 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 187.43 184.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.75 184.00 Td (13.4 ) Tj ET Q q 0 0 0 rg BT 219.85 184.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.96 184.00 Td ( ) Tj ET Q q 0 0 0 rg BT 245.06 184.00 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.48 184.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.48 184.00 Td ( ) Tj ET Q q 0 0 0 rg BT 274.58 184.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 308.21 184.00 Td (toUS$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.76 184.00 Td (13.1 ) Tj ET Q q 0 0 0 rg BT 348.85 184.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.96 184.00 Td ( ) Tj ET Q q 0 0 0 rg BT 374.06 184.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.38 184.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.38 184.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.47 184.00 Td (an ) Tj ET Q q 0 0 0 rg BT 412.12 184.00 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.32 184.00 Td ( ) Tj ET Q q 0 0 0 rg BT 440.42 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 449.18 184.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 184.00 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 477.60 184.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.71 184.00 Td (. ) Tj ET Q q 0 0 0 rg BT 504.81 184.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 529.70 184.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.79 184.00 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.00 184.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.40 Td (by ) Tj ET Q q 0 0 0 rg BT 60.00 174.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 76.23 174.40 Td (2.0 ) Tj ET Q q 0 0 0 rg BT 88.23 174.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 111.34 174.40 Td ( ) Tj ET Q q 0 0 0 rg BT 113.34 174.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.56 174.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.56 174.40 Td ( ) Tj ET Q q 0 0 0 rg BT 139.56 174.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 173.10 174.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.32 174.40 Td (201) Tj ET Q q 0 0 0 rg BT 193.03 174.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.03 174.40 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (25) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.18 743.60 Td (oatia) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.10 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 688.10 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 688.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 652.10 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 652.10 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 652.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 652.10 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 622.10 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 622.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 622.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 622.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 622.10 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 622.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 622.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 622.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 622.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 622.10 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 733.1 m 206.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 718.1 m 206.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 733.1 m 210.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 718.1 m 210.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 733.1 m 256.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 718.1 m 256.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 733.1 m 260.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 718.1 m 260.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 733.1 m 306.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 718.1 m 306.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 733.1 m 310.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 718.1 m 310.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 733.1 m 356.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 718.1 m 356.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 733.1 m 365.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 718.1 m 365.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 733.1 m 411.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 718.1 m 411.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 733.1 m 415.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 718.1 m 415.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 733.1 m 461.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 718.1 m 461.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 733.1 m 465.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 718.1 m 465.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 733.1 m 511.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 718.1 m 511.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 733.1 m 515.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.1 m 515.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 733.1 m 561.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 718.1 m 561.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 703.1 m 306.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 703.1 m 310.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 703.1 m 356.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 718.1 m 511.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 703.1 m 511.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.1 m 515.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 703.1 m 515.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 718.1 m 561.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 703.1 m 561.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 688.1 m 206.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 688.1 m 256.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 688.1 m 306.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 688.1 m 411.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.1 m 461.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 688.1 m 511.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 688.1 m 206.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 688.1 m 256.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 688.1 m 356.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.1 m 461.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 688.1 m 561.5 688.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 637.1 m 461.5 637.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 637.1 m 206.5 637.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 637.1 m 256.5 637.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 637.1 m 411.5 637.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 637.1 m 461.5 637.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 601.1 m 256.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 601.1 m 206.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 587.1 m 206.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 585.1 m 206.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 601.1 m 256.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 587.1 m 256.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 585.1 m 256.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 601.1 m 411.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 587.1 m 411.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 585.1 m 411.5 585.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 601.1 m 461.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 587.1 m 461.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 585.1 m 461.5 585.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 722.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 722.33 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 707.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 707.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 707.35 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 707.33 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 707.33 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 692.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 692.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 692.33 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 692.33 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 692.33 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 692.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 692.33 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 692.33 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 692.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 677.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 677.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.21 677.35 Td (advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 677.35 Td (54,672) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 677.35 Td (52,769) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 677.35 Td (3.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 677.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 677.35 Td (1.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 677.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 677.35 Td (52,769) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 677.35 Td (59,489) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 677.35 Td (\(11.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 677.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 677.35 Td (\(3.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 677.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 656.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 656.35 Td (1,725) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 656.35 Td (1,054) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 656.35 Td (63.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 656.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 656.35 Td (60.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 656.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 656.35 Td (1,054) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 656.35 Td (605) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 656.35 Td (74.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 656.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 656.35 Td (94.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 656.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 641.35 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 641.35 Td (5,467) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 641.35 Td (5,476) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.95 641.35 Td (\(0.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 641.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 641.35 Td (\(2.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 641.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 641.35 Td (5,476) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 641.35 Td (3,580) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 641.35 Td (53.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 641.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 641.35 Td (59.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 641.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 626.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 626.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.47 626.33 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.25 626.33 Td (61,864) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 626.33 Td (59,299) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.65 626.33 Td (4.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 626.33 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 336.65 626.33 Td (2.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.25 626.33 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 626.33 Td (59,299) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.25 626.33 Td (63,674) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.95 626.33 Td (\(6.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 626.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 541.65 626.33 Td (1.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 554.30 626.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 613.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.97 613.35 Td (char) Tj ET Q q 0 0 0 rg BT 89.59 613.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 107.32 613.35 Td (in ) Tj ET Q q 0 0 0 rg BT 119.72 613.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 151.23 613.35 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 605.35 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 605.35 Td (53,606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 605.35 Td (51,375) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 605.35 Td (4.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 605.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 605.35 Td (2.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 605.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 605.35 Td (51,375) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 605.35 Td (59,364) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 605.35 Td (\(13.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 605.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 605.35 Td (\(5.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 605.35 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 590.33 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 590.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 185.25 590.33 Td (8,258) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 590.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 235.25 590.33 Td (7,924) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.65 590.33 Td (4.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 590.33 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 336.65 590.33 Td (4.8) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.25 590.33 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 590.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.25 590.33 Td (7,924) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 590.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.25 590.33 Td (4,310) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 487.65 590.33 Td (83.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 504.30 590.33 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 537.65 590.33 Td (94.0) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 554.30 590.33 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 571.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 571.00 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.36 571.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 123.05 571.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 154.08 571.00 Td (in ) Tj ET Q q 0 0 0 rg BT 162.45 571.00 Td (Croatia ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.15 571.00 Td (declined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.24 571.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.39 571.00 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.05 571.00 Td ( ) Tj ET Q q 0 0 0 rg BT 230.20 571.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.57 571.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 254.57 571.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 256.72 571.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 290.40 571.00 Td (to ) Tj ET Q q 0 0 0 rg BT 298.77 571.00 Td (the ) Tj ET Q q 0 0 0 rg BT 310.69 571.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 328.39 571.00 Td (year) Tj ET Q q 0 0 0 rg BT 341.71 571.00 Td (. ) Tj ET Q q 0 0 0 rg BT 345.70 571.00 Td (The ) Tj ET Q q 0 0 0 rg BT 360.29 571.00 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 385.98 571.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 414.79 571.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 443.59 571.00 Td (net ) Tj ET Q q 0 0 0 rg BT 455.51 571.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 486.08 571.00 Td (of ) Tj ET Q q 0 0 0 rg BT 494.89 571.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.27 571.00 Td (61.9 ) Tj ET Q q 0 0 0 rg BT 527.41 571.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.53 571.00 Td ( ) Tj ET Q q 0 0 0 rg BT 552.67 571.00 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 561.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 561.40 Td ( ) Tj ET Q q 0 0 0 rg BT 68.40 561.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 102.34 561.40 Td (to ) Tj ET Q q 0 0 0 rg BT 110.97 561.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 127.59 561.40 Td (59.3 ) Tj ET Q q 0 0 0 rg BT 144.00 561.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.11 561.40 Td ( ) Tj ET Q q 0 0 0 rg BT 169.51 561.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.13 561.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.13 561.40 Td (, ) Tj ET Q q 0 0 0 rg BT 198.54 561.40 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.49 561.40 Td (increase) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 234.69 561.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 237.09 561.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.16 561.40 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.82 561.40 Td ( ) Tj ET Q q 0 0 0 rg BT 259.22 561.40 Td (on ) Tj ET Q q 0 0 0 rg BT 269.62 561.40 Td (an ) Tj ET Q q 0 0 0 rg BT 279.58 561.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 301.08 561.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 321.48 561.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.54 561.40 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.21 561.40 Td ( ) Tj ET Q q 0 0 0 rg BT 343.61 561.40 Td (on ) Tj ET Q q 0 0 0 rg BT 354.01 561.40 Td (a ) Tj ET Q q 0 0 0 rg BT 359.96 561.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 389.02 561.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 419.40 561.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 439.63 561.40 Td (This ) Tj ET Q q 0 0 0 rg BT 456.26 561.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 484.86 561.40 Td (was ) Tj ET Q q 0 0 0 rg BT 499.70 561.40 Td (due ) Tj ET Q q 0 0 0 rg BT 513.66 561.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 545.83 561.40 Td (to ) Tj ET Q q 0 0 0 rg BT 554.45 561.40 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 551.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 78.40 551.80 Td (in ) Tj ET Q q 0 0 0 rg BT 86.82 551.80 Td (television ) Tj ET Q q 0 0 0 rg BT 120.12 551.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 157.87 551.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 185.38 551.80 Td (and ) Tj ET Q q 0 0 0 rg BT 199.13 551.80 Td (reflected ) Tj ET Q q 0 0 0 rg BT 229.30 551.80 Td (an ) Tj ET Q q 0 0 0 rg BT 239.05 551.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 267.45 551.80 Td (in ) Tj ET Q q 0 0 0 rg BT 275.87 551.80 Td (our ) Tj ET Q q 0 0 0 rg BT 288.73 551.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 326.48 551.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 347.78 551.80 Td (that ) Tj ET Q q 0 0 0 rg BT 361.97 551.80 Td (more ) Tj ET Q q 0 0 0 rg BT 380.60 551.80 Td (than ) Tj ET Q q 0 0 0 rg BT 396.57 551.80 Td (of) Tj ET Q q 0 0 0 rg BT 403.09 551.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 416.84 551.80 Td (a ) Tj ET Q q 0 0 0 rg BT 422.59 551.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 452.32 551.80 Td (in ) Tj ET Q q 0 0 0 rg BT 460.74 551.80 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 481.61 551.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 497.14 551.80 Td (during ) Tj ET Q q 0 0 0 rg BT 520.23 551.80 Td (the ) Tj ET Q q 0 0 0 rg BT 532.20 551.80 Td (year) Tj ET Q q 0 0 0 rg BT 545.52 551.80 Td (. ) Tj ET Q q 0 0 0 rg BT 549.56 551.80 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 542.20 Td (2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.66 542.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.68 542.20 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.88 542.20 Td ( ) Tj ET Q q 0 0 0 rg BT 90.90 542.20 Td (in ) Tj ET Q q 0 0 0 rg BT 99.13 542.20 Td (net ) Tj ET Q q 0 0 0 rg BT 110.92 542.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 141.37 542.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.60 542.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.60 542.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.62 542.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 201.17 542.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.41 542.20 Td (201) Tj ET Q q 0 0 0 rg BT 221.11 542.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.11 542.20 Td ( ) Tj ET Q q 0 0 0 rg BT 227.13 542.20 Td (on ) Tj ET Q q 0 0 0 rg BT 237.14 542.20 Td (a ) Tj ET Q q 0 0 0 rg BT 242.71 542.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 271.38 542.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 301.38 542.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 319.39 542.20 Td (resulted ) Tj ET Q q 0 0 0 rg BT 346.73 542.20 Td (from ) Tj ET Q q 0 0 0 rg BT 364.30 542.20 Td (a ) Tj ET Q q 0 0 0 rg BT 369.86 542.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 394.97 542.20 Td (in ) Tj ET Q q 0 0 0 rg BT 403.21 542.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 440.77 542.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 471.22 542.20 Td (that ) Tj ET Q q 0 0 0 rg BT 485.23 542.20 Td (was ) Tj ET Q q 0 0 0 rg BT 499.68 542.20 Td (more ) Tj ET Q q 0 0 0 rg BT 518.14 542.20 Td (than ) Tj ET Q q 0 0 0 rg BT 533.92 542.20 Td (of) Tj ET Q q 0 0 0 rg BT 540.44 542.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 554.01 542.20 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 532.60 Td (an ) Tj ET Q q 0 0 0 rg BT 59.55 532.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 87.75 532.60 Td (in ) Tj ET Q q 0 0 0 rg BT 95.98 532.60 Td (other ) Tj ET Q q 0 0 0 rg BT 114.41 532.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.84 532.60 Td (related ) Tj ET Q q 0 0 0 rg BT 168.61 532.60 Td (to ) Tj ET Q q 0 0 0 rg BT 176.83 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.60 532.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 227.49 532.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.16 532.60 Td ('Lara's ) Tj ET Q q 0 0 0 rg BT 258.80 532.60 Td (Choice' ) Tj ET Q q 0 0 0 rg BT 284.91 532.60 Td (to ) Tj ET Q q 0 0 0 rg BT 293.13 532.60 Td (CME ) Tj ET Q q 0 0 0 rg BT 312.46 532.60 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 354.45 532.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.67 532.60 Td (other ) Tj ET Q q 0 0 0 rg BT 381.11 532.60 Td (countries.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.83 517.00 Td (char) Tj ET Q q 0 0 0 rg BT 83.45 517.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.04 517.00 Td (in ) Tj ET Q q 0 0 0 rg BT 105.31 517.00 Td (arriving ) Tj ET Q q 0 0 0 rg BT 132.68 517.00 Td (at ) Tj ET Q q 0 0 0 rg BT 140.49 517.00 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 165.38 517.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.43 517.00 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.63 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 199.67 517.00 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.71 517.00 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.38 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 222.42 517.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.69 517.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.69 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 248.73 517.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 282.31 517.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.58 517.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.58 517.00 Td (. ) Tj ET Q q 0 0 0 rg BT 310.62 517.00 Td (On ) Tj ET Q q 0 0 0 rg BT 322.44 517.00 Td (a ) Tj ET Q q 0 0 0 rg BT 328.04 517.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 356.74 517.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 386.76 517.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 404.80 517.00 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.85 517.00 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.05 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 455.09 517.00 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.14 517.00 Td (2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.80 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 477.84 517.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.11 517.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.11 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 504.15 517.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 537.73 517.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.00 517.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.00 517.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 507.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 81.46 507.40 Td (as ) Tj ET Q q 0 0 0 rg BT 89.82 507.40 Td (a ) Tj ET Q q 0 0 0 rg BT 95.06 507.40 Td (result ) Tj ET Q q 0 0 0 rg BT 114.53 507.40 Td (of ) Tj ET Q q 0 0 0 rg BT 122.88 507.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 168.12 507.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 206.69 507.40 Td (related ) Tj ET Q q 0 0 0 rg BT 230.15 507.40 Td (to ) Tj ET Q q 0 0 0 rg BT 238.06 507.40 Td (a ) Tj ET Q q 0 0 0 rg BT 243.31 507.40 Td (life-of-series ) Tj ET Q q 0 0 0 rg BT 285.87 507.40 Td (product ) Tj ET Q q 0 0 0 rg BT 312.00 507.40 Td (that ) Tj ET Q q 0 0 0 rg BT 325.68 507.40 Td (no ) Tj ET Q q 0 0 0 rg BT 335.38 507.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 357.51 507.40 Td (attracts ) Tj ET Q q 0 0 0 rg BT 382.30 507.40 Td (an ) Tj ET Q q 0 0 0 rg BT 391.54 507.40 Td (audience. ) Tj ET Q q 0 0 0 rg BT 423.54 507.40 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.67 507.40 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.33 507.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.02 507.40 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.55 507.40 Td ( ) Tj ET Q q 0 0 0 rg BT 479.25 507.40 Td (in ) Tj ET Q q 0 0 0 rg BT 487.16 507.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 504.85 507.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.77 507.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.77 507.40 Td ( ) Tj ET Q q 0 0 0 rg BT 530.46 507.40 Td (compared ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 497.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.78 497.80 Td (201) Tj ET Q q 0 0 0 rg BT 70.49 497.80 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.49 497.80 Td ( ) Tj ET Q q 0 0 0 rg BT 77.05 497.80 Td (on ) Tj ET Q q 0 0 0 rg BT 87.61 497.80 Td (a ) Tj ET Q q 0 0 0 rg BT 93.72 497.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 122.94 497.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 153.49 497.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 172.05 497.80 Td (was ) Tj ET Q q 0 0 0 rg BT 187.05 497.80 Td (due ) Tj ET Q q 0 0 0 rg BT 201.16 497.80 Td (to ) Tj ET Q q 0 0 0 rg BT 209.95 497.80 Td (a ) Tj ET Q q 0 0 0 rg BT 216.06 497.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 246.15 497.80 Td (in ) Tj ET Q q 0 0 0 rg BT 254.94 497.80 Td (content ) Tj ET Q q 0 0 0 rg BT 281.04 497.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 299.61 497.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.72 497.80 Td (selling, ) Tj ET Q q 0 0 0 rg BT 339.61 497.80 Td (general ) Tj ET Q q 0 0 0 rg BT 365.71 497.80 Td (and ) Tj ET Q q 0 0 0 rg BT 379.83 497.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 428.15 497.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 459.59 497.80 Td (initiated ) Tj ET Q q 0 0 0 rg BT 488.37 497.80 Td (to ) Tj ET Q q 0 0 0 rg BT 497.15 497.80 Td (of) Tj ET Q q 0 0 0 rg BT 503.67 497.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 517.79 497.80 Td (the ) Tj ET Q q 0 0 0 rg BT 530.12 497.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 555.78 497.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 488.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.55 488.20 Td (revenues.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 472.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.69 472.60 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 90.49 472.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 119.40 472.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 152.74 472.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 177.63 472.60 Td ( ) Tj ET Q q 0 0 0 rg BT 179.88 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.80 472.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.28 472.60 Td (8.3 ) Tj ET Q q 0 0 0 rg BT 217.53 472.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.64 472.60 Td ( ) Tj ET Q q 0 0 0 rg BT 242.89 472.60 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.47 472.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.47 472.60 Td ( ) Tj ET Q q 0 0 0 rg BT 272.72 472.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 306.51 472.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.99 472.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 339.88 472.60 Td ( ) Tj ET Q q 0 0 0 rg BT 342.13 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 351.04 472.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.52 472.60 Td (7.9 ) Tj ET Q q 0 0 0 rg BT 379.77 472.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 402.88 472.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 405.13 472.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.61 472.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.61 472.60 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.86 472.60 Td (an ) Tj ET Q q 0 0 0 rg BT 443.66 472.60 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.86 472.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.12 472.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.03 472.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.51 472.60 Td (0.4 ) Tj ET Q q 0 0 0 rg BT 509.76 472.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.87 472.60 Td (. ) Tj ET Q q 0 0 0 rg BT 537.12 472.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 562.01 472.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 463.00 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.20 463.00 Td ( ) Tj ET Q q 0 0 0 rg BT 82.20 463.00 Td (by ) Tj ET Q q 0 0 0 rg BT 92.20 463.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.43 463.00 Td (3.6 ) Tj ET Q q 0 0 0 rg BT 120.43 463.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.54 463.00 Td ( ) Tj ET Q q 0 0 0 rg BT 145.54 463.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.77 463.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.77 463.00 Td ( ) Tj ET Q q 0 0 0 rg BT 171.77 463.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 205.30 463.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.53 463.00 Td (201) Tj ET Q q 0 0 0 rg BT 225.23 463.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.23 463.00 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 425.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 72.88 425.80 Td (Republic) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 370.30 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 370.30 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 370.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 370.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 344.30 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 344.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 344.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 344.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 344.30 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 344.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 344.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 344.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 344.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 318.30 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 318.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 318.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 318.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 318.30 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 318.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 318.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 318.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 318.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 318.30 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 415.3 m 206.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 400.3 m 206.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 415.3 m 210.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 400.3 m 210.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 415.3 m 256.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 400.3 m 256.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 415.3 m 260.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 400.3 m 260.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 415.3 m 306.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 400.3 m 306.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 415.3 m 310.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 400.3 m 310.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 415.3 m 356.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 400.3 m 356.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 415.3 m 365.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 400.3 m 365.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 415.3 m 411.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 400.3 m 411.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 415.3 m 415.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 400.3 m 415.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 415.3 m 461.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 400.3 m 461.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 415.3 m 465.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 400.3 m 465.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 415.3 m 511.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 400.3 m 511.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 415.3 m 515.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 400.3 m 515.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 415.3 m 561.5 415.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 400.3 m 561.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 385.3 m 306.5 385.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 385.3 m 310.5 385.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 385.3 m 356.5 385.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 400.3 m 511.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 385.3 m 511.5 385.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 400.3 m 515.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 385.3 m 515.5 385.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 400.3 m 561.5 400.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 385.3 m 561.5 385.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 370.3 m 206.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 370.3 m 256.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 370.3 m 306.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 370.3 m 411.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 370.3 m 461.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 370.3 m 511.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 370.3 m 206.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 370.3 m 256.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 370.3 m 356.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 370.3 m 461.5 370.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 370.3 m 561.5 370.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 331.3 m 461.5 331.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 331.3 m 206.5 331.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 331.3 m 256.5 331.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 331.3 m 411.5 331.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 331.3 m 461.5 331.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 297.3 m 256.5 297.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 297.3 m 206.5 297.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 285.3 m 206.5 285.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 283.3 m 206.5 283.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 297.3 m 256.5 297.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 285.3 m 256.5 285.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 283.3 m 256.5 283.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 297.3 m 411.5 297.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 285.3 m 411.5 285.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 283.3 m 411.5 283.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 297.3 m 461.5 297.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 285.3 m 461.5 285.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 283.3 m 461.5 283.3 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 404.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 404.53 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 389.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 389.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 389.55 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 389.53 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 389.53 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 374.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 374.53 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 374.53 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 374.53 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 374.53 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 374.53 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 374.53 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 374.53 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 374.53 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 361.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 361.55 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.21 361.55 Td (advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 361.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 361.55 Td (153,640) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 361.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 361.55 Td (229,655) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 361.55 Td (\(33.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 361.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 361.55 Td (\(32.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 361.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 361.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 361.55 Td (229,655) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 361.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 361.55 Td (271,538) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 361.55 Td (\(15.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 361.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 361.55 Td (\(6.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 361.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 348.55 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 348.55 Td (11,243) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 348.55 Td (11,297) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.95 348.55 Td (\(0.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 348.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 348.55 Td (\(0.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 348.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 348.55 Td (11,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 348.55 Td (11,365) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 348.55 Td (\(0.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 348.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 348.55 Td (10.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 348.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 335.55 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 335.55 Td (26,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 335.55 Td (37,145) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 335.55 Td (\(27.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 335.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 335.55 Td (\(27.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 335.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 335.55 Td (37,145) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 335.55 Td (31,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 335.55 Td (19.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 335.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 335.55 Td (31.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 335.55 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 322.53 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 322.53 Td (r) Tj ET Q q 0 0 0 rg BT 69.47 322.53 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.25 322.53 Td (191,824) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 322.53 Td (278,097) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.95 322.53 Td (\(31.0) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 322.53 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 329.95 322.53 Td (\(30.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 322.53 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 322.53 Td (278,097) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 322.53 Td (313,947) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 322.53 Td (\(11.4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 322.53 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.95 322.53 Td (\(2.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 322.53 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 309.55 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.97 309.55 Td (char) Tj ET Q q 0 0 0 rg BT 89.59 309.55 Td (ged ) Tj ET Q q 0 0 0 rg BT 107.32 309.55 Td (in ) Tj ET Q q 0 0 0 rg BT 119.72 309.55 Td (arriving ) Tj ET Q q 0 0 0 rg BT 151.23 309.55 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 301.55 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 301.55 Td (203,111) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 301.55 Td (171,832) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 301.55 Td (18.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 301.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 301.55 Td (18.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 301.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 301.55 Td (171,832) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 301.55 Td (168,256) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.65 301.55 Td (2.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 301.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 301.55 Td (12.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 301.55 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 288.53 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 288.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.60 288.53 Td (\(11,287) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.30 288.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 288.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 288.53 Td (106,265) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 288.40 288.53 Td (Nm) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 300.40 292.16 Td (1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 338.40 288.53 Td (Nm) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 350.40 292.16 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 288.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 288.53 Td (106,265) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 288.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 288.53 Td (145,691) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 288.53 Td (\(27.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 288.53 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 534.95 288.53 Td (\(19.7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 288.53 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 276.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 276.40 Td (Number is not meaningful.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 260.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.31 260.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 101.73 260.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 126.26 260.80 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 159.69 260.80 Td (in ) Tj ET Q q 0 0 0 rg BT 167.78 260.80 Td (the ) Tj ET Q q 0 0 0 rg BT 179.43 260.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 201.29 260.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 232.04 260.80 Td (were ) Tj ET Q q 0 0 0 rg BT 249.46 260.80 Td (met ) Tj ET Q q 0 0 0 rg BT 263.33 260.80 Td (with ) Tj ET Q q 0 0 0 rg BT 279.42 260.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 315.06 260.80 Td (resistance ) Tj ET Q q 0 0 0 rg BT 348.47 260.80 Td (from ) Tj ET Q q 0 0 0 rg BT 365.90 260.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 389.53 260.80 Td (media ) Tj ET Q q 0 0 0 rg BT 410.95 260.80 Td (agencies ) Tj ET Q q 0 0 0 rg BT 440.36 260.80 Td (and ) Tj ET Q q 0 0 0 rg BT 453.78 260.80 Td (clients ) Tj ET Q q 0 0 0 rg BT 476.54 260.80 Td (during ) Tj ET Q q 0 0 0 rg BT 499.30 260.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 519.17 260.80 Td (and ) Tj ET Q q 0 0 0 rg BT 532.59 260.80 Td (they ) Tj ET Q q 0 0 0 rg BT 548.24 260.80 Td (held ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 251.20 Td (back ) Tj ET Q q 0 0 0 rg BT 67.53 251.20 Td (some ) Tj ET Q q 0 0 0 rg BT 86.84 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 95.93 251.20 Td (their ) Tj ET Q q 0 0 0 rg BT 113.02 251.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 153.67 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 162.31 251.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 200.29 251.20 Td (on ) Tj ET Q q 0 0 0 rg BT 210.71 251.20 Td (our ) Tj ET Q q 0 0 0 rg BT 223.81 251.20 Td (channels. ) Tj ET Q q 0 0 0 rg BT 255.69 251.20 Td (As ) Tj ET Q q 0 0 0 rg BT 267.00 251.20 Td (a ) Tj ET Q q 0 0 0 rg BT 272.98 251.20 Td (result ) Tj ET Q q 0 0 0 rg BT 293.18 251.20 Td (of ) Tj ET Q q 0 0 0 rg BT 302.27 251.20 Td (this ) Tj ET Q q 0 0 0 rg BT 316.26 251.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 346.21 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 354.86 251.20 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 375.97 251.20 Td (consumed, ) Tj ET Q q 0 0 0 rg BT 412.83 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 425.03 251.20 Td (television ) Tj ET Q q 0 0 0 rg BT 458.56 251.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 496.54 251.20 Td (market ) Tj ET Q q 0 0 0 rg BT 521.17 251.20 Td (in ) Tj ET Q q 0 0 0 rg BT 529.82 251.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 251.20 Td (Czech ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 241.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 80.47 241.60 Td (is ) Tj ET Q q 0 0 0 rg BT 87.40 241.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 119.64 241.60 Td (to ) Tj ET Q q 0 0 0 rg BT 127.45 241.60 Td (have ) Tj ET Q q 0 0 0 rg BT 144.14 241.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 177.26 241.60 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.85 241.60 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.52 241.60 Td ( ) Tj ET Q q 0 0 0 rg BT 203.11 241.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.92 241.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.92 241.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.51 241.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 261.63 241.60 Td (to ) Tj ET Q q 0 0 0 rg BT 269.45 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.81 241.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 297.95 241.60 Td (year) Tj ET Q q 0 0 0 rg BT 311.27 241.60 Td (. ) Tj ET Q q 0 0 0 rg BT 314.75 241.60 Td (This ) Tj ET Q q 0 0 0 rg BT 330.56 241.60 Td (is ) Tj ET Q q 0 0 0 rg BT 337.48 241.60 Td (a ) Tj ET Q q 0 0 0 rg BT 342.62 241.60 Td (slight ) Tj ET Q q 0 0 0 rg BT 361.99 241.60 Td (improvement ) Tj ET Q q 0 0 0 rg BT 406.24 241.60 Td (from ) Tj ET Q q 0 0 0 rg BT 423.38 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.74 241.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 466.98 241.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 496.10 241.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.36 241.60 Td (14% ) Tj ET Q q 0 0 0 rg BT 520.61 241.60 Td (in ) Tj ET Q q 0 0 0 rg BT 528.42 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 539.78 241.60 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 232.00 Td (during ) Tj ET Q q 0 0 0 rg BT 72.82 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 84.52 232.00 Td (first ) Tj ET Q q 0 0 0 rg BT 99.33 232.00 Td (half ) Tj ET Q q 0 0 0 rg BT 113.70 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 122.29 232.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 140.22 232.00 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 172.80 232.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 203.61 232.00 Td (from ) Tj ET Q q 0 0 0 rg BT 221.09 232.00 Td (clients ) Tj ET Q q 0 0 0 rg BT 243.90 232.00 Td (that ) Tj ET Q q 0 0 0 rg BT 257.83 232.00 Td (started ) Tj ET Q q 0 0 0 rg BT 281.08 232.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 318.56 232.00 Td (on ) Tj ET Q q 0 0 0 rg BT 328.49 232.00 Td (our ) Tj ET Q q 0 0 0 rg BT 341.08 232.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 371.00 232.00 Td (again ) Tj ET Q q 0 0 0 rg BT 390.25 232.00 Td (during ) Tj ET Q q 0 0 0 rg BT 413.06 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 424.77 232.00 Td (second ) Tj ET Q q 0 0 0 rg BT 448.91 232.00 Td (half ) Tj ET Q q 0 0 0 rg BT 463.28 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 471.87 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 483.57 232.00 Td (year) Tj ET Q q 0 0 0 rg BT 496.90 232.00 Td (. ) Tj ET Q q 0 0 0 rg BT 500.69 232.00 Td (This ) Tj ET Q q 0 0 0 rg BT 516.84 232.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 544.09 232.00 Td (in ) Tj ET Q q 0 0 0 rg BT 552.24 232.00 Td (net ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 222.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 80.51 222.40 Td (of ) Tj ET Q q 0 0 0 rg BT 89.25 222.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.56 222.40 Td (191.8 ) Tj ET Q q 0 0 0 rg BT 125.64 222.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.75 222.40 Td ( ) Tj ET Q q 0 0 0 rg BT 150.83 222.40 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.24 222.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.24 222.40 Td ( ) Tj ET Q q 0 0 0 rg BT 180.32 222.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 213.93 222.40 Td (to ) Tj ET Q q 0 0 0 rg BT 222.24 222.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.54 222.40 Td (278.1 ) Tj ET Q q 0 0 0 rg BT 258.62 222.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.73 222.40 Td ( ) Tj ET Q q 0 0 0 rg BT 283.81 222.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.11 222.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.11 222.40 Td (, ) Tj ET Q q 0 0 0 rg BT 312.19 222.40 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.82 222.40 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.35 222.40 Td ( ) Tj ET Q q 0 0 0 rg BT 347.43 222.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.18 222.40 Td (31%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.84 222.40 Td ( ) Tj ET Q q 0 0 0 rg BT 372.92 222.40 Td (on ) Tj ET Q q 0 0 0 rg BT 383.00 222.40 Td (both ) Tj ET Q q 0 0 0 rg BT 399.30 222.40 Td (an ) Tj ET Q q 0 0 0 rg BT 408.93 222.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 430.11 222.40 Td (and ) Tj ET Q q 0 0 0 rg BT 443.74 222.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 472.48 222.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 502.54 222.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 522.62 222.40 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 552.23 222.40 Td (fee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 212.80 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 90.99 212.80 Td (in ) Tj ET Q q 0 0 0 rg BT 99.10 212.80 Td (the ) Tj ET Q q 0 0 0 rg BT 110.76 212.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 132.64 212.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 163.41 212.80 Td (during ) Tj ET Q q 0 0 0 rg BT 186.18 212.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 204.07 212.80 Td (did ) Tj ET Q q 0 0 0 rg BT 216.18 212.80 Td (not ) Tj ET Q q 0 0 0 rg BT 228.29 212.80 Td (advance ) Tj ET Q q 0 0 0 rg BT 256.38 212.80 Td (to ) Tj ET Q q 0 0 0 rg BT 264.48 212.80 Td (the ) Tj ET Q q 0 0 0 rg BT 276.14 212.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 297.58 212.80 Td (that ) Tj ET Q q 0 0 0 rg BT 311.46 212.80 Td (we ) Tj ET Q q 0 0 0 rg BT 322.68 212.80 Td (had ) Tj ET Q q 0 0 0 rg BT 336.11 212.80 Td (expected, ) Tj ET Q q 0 0 0 rg BT 368.43 212.80 Td (and ) Tj ET Q q 0 0 0 rg BT 381.86 212.80 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 422.86 212.80 Td (will ) Tj ET Q q 0 0 0 rg BT 437.19 212.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 466.62 212.80 Td (during ) Tj ET Q q 0 0 0 rg BT 489.39 212.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 508.86 212.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 548.79 212.80 Td (, ) Tj ET Q q 0 0 0 rg BT 552.67 212.80 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 203.20 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 92.85 203.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 135.69 203.20 Td (MTV) Tj ET Q q 0 0 0 rg BT 153.32 203.20 Td ( ) Tj ET Q q 0 0 0 rg BT 155.28 203.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 177.23 203.20 Td (at ) Tj ET Q q 0 0 0 rg BT 184.97 203.20 Td (the ) Tj ET Q q 0 0 0 rg BT 196.71 203.20 Td (end ) Tj ET Q q 0 0 0 rg BT 210.22 203.20 Td (of ) Tj ET Q q 0 0 0 rg BT 218.85 203.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 238.82 203.20 Td (and ) Tj ET Q q 0 0 0 rg BT 252.33 203.20 Td (as ) Tj ET Q q 0 0 0 rg BT 260.96 203.20 Td (a ) Tj ET Q q 0 0 0 rg BT 266.47 203.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 288.21 203.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 315.93 203.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 327.66 203.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 358.05 203.20 Td (in ) Tj ET Q q 0 0 0 rg BT 366.24 203.20 Td (the ) Tj ET Q q 0 0 0 rg BT 377.97 203.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 399.93 203.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 430.77 203.20 Td (will ) Tj ET Q q 0 0 0 rg BT 445.18 203.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 474.68 203.20 Td (during ) Tj ET Q q 0 0 0 rg BT 497.53 203.20 Td (2014. ) Tj ET Q q 0 0 0 rg BT 517.49 203.20 Td (However) Tj ET Q q 0 0 0 rg BT 546.49 203.20 Td (, ) Tj ET Q q 0 0 0 rg BT 550.46 203.20 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 193.60 Td (will ) Tj ET Q q 0 0 0 rg BT 64.80 193.60 Td (be ) Tj ET Q q 0 0 0 rg BT 74.70 193.60 Td (more ) Tj ET Q q 0 0 0 rg BT 93.49 193.60 Td (than ) Tj ET Q q 0 0 0 rg BT 109.62 193.60 Td (of) Tj ET Q q 0 0 0 rg BT 116.14 193.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 130.04 193.60 Td (by ) Tj ET Q q 0 0 0 rg BT 140.39 193.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 166.75 193.60 Td (from ) Tj ET Q q 0 0 0 rg BT 184.65 193.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.77 193.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 232.00 193.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 252.18 193.60 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.97 193.60 Td (2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.64 193.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.99 193.60 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.52 193.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.88 193.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.45 193.60 Td (net ) Tj ET Q q 0 0 0 rg BT 330.58 193.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 361.36 193.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.93 193.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.93 193.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.29 193.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 422.18 193.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.75 193.60 Td (201) Tj ET Q q 0 0 0 rg BT 442.46 193.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.46 193.60 Td ( ) Tj ET Q q 0 0 0 rg BT 448.81 193.60 Td (on ) Tj ET Q q 0 0 0 rg BT 459.16 193.60 Td (a ) Tj ET Q q 0 0 0 rg BT 465.06 193.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 494.08 193.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 524.41 193.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 542.76 193.60 Td (is ) Tj ET Q q 0 0 0 rg BT 550.45 193.60 Td (due ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 184.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 81.93 184.00 Td (to ) Tj ET Q q 0 0 0 rg BT 90.31 184.00 Td (a ) Tj ET Q q 0 0 0 rg BT 96.03 184.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 125.72 184.00 Td (in ) Tj ET Q q 0 0 0 rg BT 134.10 184.00 Td (television ) Tj ET Q q 0 0 0 rg BT 167.37 184.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 205.08 184.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 232.55 184.00 Td (because ) Tj ET Q q 0 0 0 rg BT 260.03 184.00 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 296.85 184.00 Td (did ) Tj ET Q q 0 0 0 rg BT 309.23 184.00 Td (not ) Tj ET Q q 0 0 0 rg BT 321.61 184.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 338.88 184.00 Td (honor ) Tj ET Q q 0 0 0 rg BT 359.71 184.00 Td (their ) Tj ET Q q 0 0 0 rg BT 376.53 184.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 400.02 184.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 431.06 184.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 476.78 184.00 Td (in ) Tj ET Q q 0 0 0 rg BT 485.16 184.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 505.32 184.00 Td (Due ) Tj ET Q q 0 0 0 rg BT 520.81 184.00 Td (to ) Tj ET Q q 0 0 0 rg BT 529.19 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 541.13 184.00 Td (failure ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.78 174.40 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 95.55 174.40 Td (to ) Tj ET Q q 0 0 0 rg BT 103.90 174.40 Td (meet ) Tj ET Q q 0 0 0 rg BT 121.56 174.40 Td (their ) Tj ET Q q 0 0 0 rg BT 138.34 174.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 161.79 174.40 Td (commitment ) Tj ET Q q 0 0 0 rg BT 204.34 174.40 Td (tar) Tj ET Q q 0 0 0 rg BT 212.63 174.40 Td (gets, ) Tj ET Q q 0 0 0 rg BT 229.64 174.40 Td (we ) Tj ET Q q 0 0 0 rg BT 241.09 174.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 263.21 174.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 305.32 174.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 325.65 174.40 Td (agency ) Tj ET Q q 0 0 0 rg BT 350.42 174.40 Td (volume ) Tj ET Q q 0 0 0 rg BT 376.54 174.40 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 404.44 174.40 Td (in ) Tj ET Q q 0 0 0 rg BT 412.78 174.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 430.90 174.40 Td (than ) Tj ET Q q 0 0 0 rg BT 446.79 174.40 Td (anticipated, ) Tj ET Q q 0 0 0 rg BT 486.00 174.40 Td (and ) Tj ET Q q 0 0 0 rg BT 499.67 174.40 Td (much ) Tj ET Q q 0 0 0 rg BT 519.56 174.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 539.90 174.40 Td (than ) Tj ET Q q 0 0 0 rg BT 555.79 174.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 164.80 Td (201) Tj ET Q q 0 0 0 rg BT 61.70 164.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 69.73 164.80 Td (This ) Tj ET Q q 0 0 0 rg BT 86.14 164.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 114.98 164.80 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 147.38 164.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.34 164.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.52 164.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 213.47 164.80 Td (of ) Tj ET Q q 0 0 0 rg BT 222.32 164.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 242.72 164.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 280.46 164.80 Td (spending. ) Tj ET Q q 0 0 0 rg BT 313.37 164.80 Td (The ) Tj ET Q q 0 0 0 rg BT 328.00 164.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 357.71 164.80 Td (in ) Tj ET Q q 0 0 0 rg BT 366.12 164.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 403.86 164.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 431.36 164.80 Td (was ) Tj ET Q q 0 0 0 rg BT 445.99 164.80 Td (also ) Tj ET Q q 0 0 0 rg BT 461.06 164.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 489.90 164.80 Td (of) Tj ET Q q 0 0 0 rg BT 496.42 164.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 510.16 164.80 Td (by ) Tj ET Q q 0 0 0 rg BT 520.35 164.80 Td (a ) Tj ET Q q 0 0 0 rg BT 526.08 164.80 Td (full ) Tj ET Q q 0 0 0 rg BT 539.38 164.80 Td (year ) Tj ET Q q 0 0 0 rg BT 555.33 164.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 155.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.32 155.20 Td (from ) Tj ET Q q 0 0 0 rg BT 102.88 155.20 Td (Bontonfilm, ) Tj ET Q q 0 0 0 rg BT 143.77 155.20 Td (which ) Tj ET Q q 0 0 0 rg BT 165.32 155.20 Td (was ) Tj ET Q q 0 0 0 rg BT 179.76 155.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 209.30 155.20 Td (on ) Tj ET Q q 0 0 0 rg BT 219.30 155.20 Td (June ) Tj ET Q q 0 0 0 rg BT 235.96 155.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 247.96 155.20 Td (201) Tj ET Q q 0 0 0 rg BT 259.66 155.20 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 139.60 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.94 139.60 Td (char) Tj ET Q q 0 0 0 rg BT 83.56 139.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.26 139.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.63 139.60 Td (arriving ) Tj ET Q q 0 0 0 rg BT 133.11 139.60 Td (at ) Tj ET Q q 0 0 0 rg BT 141.03 139.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 165.92 139.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.07 139.60 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.27 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.42 139.60 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.57 139.60 Td (18%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.24 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.39 139.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.76 139.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.76 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.91 139.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 287.60 139.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.97 139.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.97 139.60 Td (, ) Tj ET Q q 0 0 0 rg BT 316.13 139.60 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.94 139.60 Td (19%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.60 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.75 139.60 Td (on ) Tj ET Q q 0 0 0 rg BT 351.90 139.60 Td (a ) Tj ET Q q 0 0 0 rg BT 357.61 139.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 386.42 139.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 416.55 139.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 436.54 139.60 Td (This ) Tj ET Q q 0 0 0 rg BT 452.92 139.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 478.60 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.53 139.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 526.90 139.60 Td (investment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 130.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.93 130.00 Td (programming ) Tj ET Q q 0 0 0 rg BT 103.18 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 116.43 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.91 130.00 Td (full ) Tj ET Q q 0 0 0 rg BT 140.72 130.00 Td (year ) Tj ET Q q 0 0 0 rg BT 156.19 130.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 179.67 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 188.04 130.00 Td (launching ) Tj ET Q q 0 0 0 rg BT 221.29 130.00 Td (three ) Tj ET Q q 0 0 0 rg BT 238.98 130.00 Td (new ) Tj ET Q q 0 0 0 rg BT 254.01 130.00 Td (channels ) Tj ET Q q 0 0 0 rg BT 283.70 130.00 Td (since ) Tj ET Q q 0 0 0 rg BT 301.84 130.00 Td (July ) Tj ET Q q 0 0 0 rg BT 316.88 130.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 336.59 130.00 Td (as ) Tj ET Q q 0 0 0 rg BT 344.96 130.00 Td (well ) Tj ET Q q 0 0 0 rg BT 360.43 130.00 Td (as ) Tj ET Q q 0 0 0 rg BT 368.80 130.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 407.39 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 130.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 445.00 130.00 Td (program ) Tj ET Q q 0 0 0 rg BT 473.80 130.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 493.73 130.00 Td (and ) Tj ET Q q 0 0 0 rg BT 506.98 130.00 Td (local ) Tj ET Q q 0 0 0 rg BT 524.24 130.00 Td (productions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 120.40 Td (amounting ) Tj ET Q q 0 0 0 rg BT 86.27 120.40 Td (to ) Tj ET Q q 0 0 0 rg BT 94.54 120.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 110.81 120.40 Td (1) Tj ET Q q 0 0 0 rg BT 114.51 120.40 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 126.56 120.40 Td (million. ) Tj ET Q q 0 0 0 rg BT 153.57 120.40 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.06 120.40 Td (13%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.72 120.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.77 120.40 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.97 120.40 Td ( ) Tj ET Q q 0 0 0 rg BT 213.02 120.40 Td (in ) Tj ET Q q 0 0 0 rg BT 221.29 120.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 239.33 120.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.60 120.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.60 120.40 Td ( ) Tj ET Q q 0 0 0 rg BT 265.65 120.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 299.23 120.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.50 120.40 Td (201) Tj ET Q q 0 0 0 rg BT 319.21 120.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.21 120.40 Td ( ) Tj ET Q q 0 0 0 rg BT 325.25 120.40 Td (on ) Tj ET Q q 0 0 0 rg BT 335.30 120.40 Td (a ) Tj ET Q q 0 0 0 rg BT 340.90 120.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 369.61 120.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 399.63 120.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 417.68 120.40 Td (is ) Tj ET Q q 0 0 0 rg BT 425.06 120.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 456.88 120.40 Td (due ) Tj ET Q q 0 0 0 rg BT 470.48 120.40 Td (to ) Tj ET Q q 0 0 0 rg BT 478.75 120.40 Td (an ) Tj ET Q q 0 0 0 rg BT 488.34 120.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 516.59 120.40 Td (in ) Tj ET Q q 0 0 0 rg BT 524.86 120.40 Td (content ) Tj ET Q q 0 0 0 rg BT 550.46 120.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 110.80 Td (other ) Tj ET Q q 0 0 0 rg BT 68.44 110.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 86.44 110.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 121.31 110.80 Td (with ) Tj ET Q q 0 0 0 rg BT 137.54 110.80 Td (new ) Tj ET Q q 0 0 0 rg BT 152.86 110.80 Td (channel ) Tj ET Q q 0 0 0 rg BT 179.74 110.80 Td (launches ) Tj ET Q q 0 0 0 rg BT 209.73 110.80 Td (as ) Tj ET Q q 0 0 0 rg BT 218.39 110.80 Td (well ) Tj ET Q q 0 0 0 rg BT 234.16 110.80 Td (as ) Tj ET Q q 0 0 0 rg BT 242.83 110.80 Td (an ) Tj ET Q q 0 0 0 rg BT 252.38 110.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 280.58 110.80 Td (in ) Tj ET Q q 0 0 0 rg BT 288.80 110.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 306.80 110.80 Td (from ) Tj ET Q q 0 0 0 rg BT 324.36 110.80 Td (Bontonfilm.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 95.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.65 95.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 86.85 95.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 117.95 95.20 Td (segment ) Tj ET Q q 0 0 0 rg BT 146.82 95.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 175.68 95.20 Td (an ) Tj ET Q q 0 0 0 rg BT 185.45 95.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 210.34 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 212.55 95.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 227.21 95.20 Td (of ) Tj ET Q q 0 0 0 rg BT 236.09 95.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.53 95.20 Td (1) Tj ET Q q 0 0 0 rg BT 256.23 95.20 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 268.44 95.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.55 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 293.77 95.20 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.31 95.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.31 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 323.52 95.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 357.27 95.20 Td (to ) Tj ET Q q 0 0 0 rg BT 365.70 95.20 Td (positive ) Tj ET Q q 0 0 0 rg BT 393.25 95.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 418.14 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 420.35 95.20 Td (of ) Tj ET Q q 0 0 0 rg BT 429.23 95.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.66 95.20 Td (106.3 ) Tj ET Q q 0 0 0 rg BT 465.88 95.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.99 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 491.20 95.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.64 95.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.64 95.20 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.85 95.20 Td (a ) Tj ET Q q 0 0 0 rg BT 525.61 95.20 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.14 95.20 Td ( ) Tj ET Q q 0 0 0 rg BT 555.35 95.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 85.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.23 85.60 Td (1) Tj ET Q q 0 0 0 rg BT 69.93 85.60 Td (17.6 ) Tj ET Q q 0 0 0 rg BT 85.93 85.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.04 85.60 Td (. ) Tj ET Q q 0 0 0 rg BT 113.04 85.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 137.93 85.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 139.93 85.60 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.46 85.60 Td ( ) Tj ET Q q 0 0 0 rg BT 173.46 85.60 Td (by ) Tj ET Q q 0 0 0 rg BT 183.46 85.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.69 85.60 Td (39.4 ) Tj ET Q q 0 0 0 rg BT 215.69 85.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.80 85.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.80 85.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.03 85.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.03 85.60 Td ( ) Tj ET Q q 0 0 0 rg BT 267.03 85.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 300.57 85.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.79 85.60 Td (201) Tj ET Q q 0 0 0 rg BT 320.49 85.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.49 85.60 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Romania) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 688.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 662.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 662.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 636.10 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 636.10 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 636.10 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 733.1 m 206.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 718.1 m 206.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 733.1 m 210.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 718.1 m 210.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 733.1 m 256.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 718.1 m 256.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 733.1 m 260.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 718.1 m 260.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 733.1 m 306.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 718.1 m 306.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 733.1 m 310.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 718.1 m 310.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 733.1 m 356.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 718.1 m 356.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 733.1 m 365.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 718.1 m 365.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 733.1 m 411.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 718.1 m 411.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 733.1 m 415.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 718.1 m 415.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 733.1 m 461.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 718.1 m 461.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 733.1 m 465.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 718.1 m 465.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 733.1 m 511.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 718.1 m 511.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 733.1 m 515.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.1 m 515.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 733.1 m 561.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 718.1 m 561.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 703.1 m 306.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 703.1 m 310.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 703.1 m 356.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 718.1 m 511.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 703.1 m 511.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.1 m 515.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 703.1 m 515.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 718.1 m 561.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 703.1 m 561.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 688.1 m 306.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 688.1 m 411.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.1 m 461.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 688.1 m 511.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 688.1 m 206.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 688.1 m 210.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 688.1 m 256.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 688.1 m 356.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.1 m 461.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 688.1 m 561.5 688.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 649.1 m 461.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 649.1 m 206.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 649.1 m 210.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 649.1 m 256.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 649.1 m 411.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 649.1 m 461.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 615.1 m 256.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 615.1 m 411.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 615.1 m 461.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 615.1 m 206.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 603.1 m 206.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 601.1 m 206.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 615.1 m 210.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 603.1 m 210.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 601.1 m 210.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 615.1 m 256.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 603.1 m 256.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 601.1 m 256.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 615.1 m 411.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 603.1 m 411.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 601.1 m 411.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 615.1 m 461.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 603.1 m 461.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 601.1 m 461.5 601.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 722.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 722.33 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 707.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 707.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 707.35 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 707.33 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 707.33 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 692.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 692.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 692.33 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 692.33 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 692.33 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 692.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 692.33 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 692.33 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 692.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 679.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 679.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.21 679.35 Td (advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 679.35 Td (119,615) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 679.35 Td (113,191) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 679.35 Td (5.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 679.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 679.35 Td (2.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 679.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 679.35 Td (113,191) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 679.35 Td (135,279) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 679.35 Td (\(16.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 679.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 679.35 Td (\(5.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 679.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 666.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 666.35 Td (24,792) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 666.35 Td (19,590) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 666.35 Td (26.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 666.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 666.35 Td (22.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 666.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 666.35 Td (19,590) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 666.35 Td (20,402) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 666.35 Td (\(4.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 666.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 666.35 Td (9.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 666.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 653.35 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 653.35 Td (63,670) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 653.35 Td (62,770) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 653.35 Td (1.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 653.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 653.35 Td (\(2.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 653.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 653.35 Td (62,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 653.35 Td (60,642) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.65 653.35 Td (3.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 653.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 653.35 Td (17.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 653.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 640.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 640.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.47 640.33 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.25 640.33 Td (208,077) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 640.33 Td (195,551) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.65 640.33 Td (6.4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 640.33 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 336.65 640.33 Td (2.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.25 640.33 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 640.33 Td (195,551) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 640.33 Td (216,323) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.95 640.33 Td (\(9.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 640.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 541.65 640.33 Td (2.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 554.30 640.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 627.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.97 627.35 Td (char) Tj ET Q q 0 0 0 rg BT 89.59 627.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 107.32 627.35 Td (in ) Tj ET Q q 0 0 0 rg BT 119.72 627.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 151.23 627.35 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 619.35 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 619.35 Td (201,996) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 619.35 Td (177,935) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 619.35 Td (13.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 619.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 619.35 Td (9.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 619.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 619.35 Td (177,935) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 619.35 Td (185,534) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 619.35 Td (\(4.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 619.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 619.35 Td (8.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 619.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 606.33 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 185.25 606.33 Td (6,081) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 606.33 Td (17,616) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.95 606.33 Td (\(65.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 606.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 329.95 606.33 Td (\(66.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 606.33 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 606.33 Td (17,616) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.25 606.33 Td (30,789) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 606.33 Td (\(42.8) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 606.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 534.95 606.33 Td (\(34.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 606.33 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 587.00 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 587.00 Td (elevision ) Tj ET Q q 0 0 0 rg BT 84.80 587.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 121.94 587.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 152.41 587.00 Td (in ) Tj ET Q q 0 0 0 rg BT 160.22 587.00 Td (Romania ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.69 587.00 Td (declined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.79 587.00 Td ( ) Tj ET Q q 0 0 0 rg BT 219.38 587.00 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.97 587.00 Td (1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.63 587.00 Td ( ) Tj ET Q q 0 0 0 rg BT 241.22 587.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.03 587.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.03 587.00 Td ( ) Tj ET Q q 0 0 0 rg BT 266.62 587.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 299.75 587.00 Td (to ) Tj ET Q q 0 0 0 rg BT 307.56 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 318.92 587.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 336.06 587.00 Td (year) Tj ET Q q 0 0 0 rg BT 349.39 587.00 Td (. ) Tj ET Q q 0 0 0 rg BT 352.86 587.00 Td (The ) Tj ET Q q 0 0 0 rg BT 366.89 587.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 397.36 587.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 425.61 587.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 453.85 587.00 Td (net ) Tj ET Q q 0 0 0 rg BT 465.21 587.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 495.23 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 503.48 587.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.30 587.00 Td (208.1 ) Tj ET Q q 0 0 0 rg BT 538.89 587.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.00 587.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 577.40 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 61.42 577.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.42 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 79.52 577.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 113.15 577.40 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 577.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.79 577.40 Td (195.6 ) Tj ET Q q 0 0 0 rg BT 157.89 577.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.00 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 183.10 577.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.42 577.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.42 577.40 Td (, ) Tj ET Q q 0 0 0 rg BT 211.51 577.40 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.16 577.40 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.36 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 249.46 577.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.22 577.40 Td (6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.88 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 270.98 577.40 Td (on ) Tj ET Q q 0 0 0 rg BT 281.07 577.40 Td (an ) Tj ET Q q 0 0 0 rg BT 290.72 577.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 311.91 577.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 332.01 577.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.77 577.40 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.43 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 353.53 577.40 Td (on ) Tj ET Q q 0 0 0 rg BT 363.63 577.40 Td (a ) Tj ET Q q 0 0 0 rg BT 369.27 577.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 398.03 577.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 428.10 577.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 448.20 577.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 462.74 577.40 Td (television ) Tj ET Q q 0 0 0 rg BT 495.94 577.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 533.58 577.40 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 567.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 82.67 567.80 Td (during ) Tj ET Q q 0 0 0 rg BT 106.03 567.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 124.50 567.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 158.50 567.80 Td (to ) Tj ET Q q 0 0 0 rg BT 167.20 567.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 185.66 567.80 Td (because ) Tj ET Q q 0 0 0 rg BT 213.45 567.80 Td (an ) Tj ET Q q 0 0 0 rg BT 223.47 567.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 252.14 567.80 Td (in ) Tj ET Q q 0 0 0 rg BT 260.83 567.80 Td (average ) Tj ET Q q 0 0 0 rg BT 288.17 567.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 326.18 567.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 347.75 567.80 Td (realized, ) Tj ET Q q 0 0 0 rg BT 377.54 567.80 Td (due ) Tj ET Q q 0 0 0 rg BT 391.55 567.80 Td (to ) Tj ET Q q 0 0 0 rg BT 400.25 567.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 420.93 567.80 Td (agency ) Tj ET Q q 0 0 0 rg BT 446.05 567.80 Td (volume ) Tj ET Q q 0 0 0 rg BT 472.52 567.80 Td (bonuses, ) Tj ET Q q 0 0 0 rg BT 502.76 567.80 Td (more ) Tj ET Q q 0 0 0 rg BT 521.67 567.80 Td (than ) Tj ET Q q 0 0 0 rg BT 537.91 567.80 Td (of) Tj ET Q q 0 0 0 rg BT 544.43 567.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 558.45 567.80 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 558.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 79.77 558.20 Td (in ) Tj ET Q q 0 0 0 rg BT 88.23 558.20 Td (GRPs ) Tj ET Q q 0 0 0 rg BT 109.15 558.20 Td (sold. ) Tj ET Q q 0 0 0 rg BT 126.72 558.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 140.51 558.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.18 558.20 Td (also ) Tj ET Q q 0 0 0 rg BT 186.31 558.20 Td (benefited ) Tj ET Q q 0 0 0 rg BT 218.31 558.20 Td (from ) Tj ET Q q 0 0 0 rg BT 236.10 558.20 Td (an ) Tj ET Q q 0 0 0 rg BT 245.89 558.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 274.33 558.20 Td (in ) Tj ET Q q 0 0 0 rg BT 282.79 558.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 310.79 558.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 325.90 558.20 Td (following ) Tj ET Q q 0 0 0 rg BT 359.25 558.20 Td (the ) Tj ET Q q 0 0 0 rg BT 371.27 558.20 Td (successful ) Tj ET Q q 0 0 0 rg BT 406.38 558.20 Td (negotiation ) Tj ET Q q 0 0 0 rg BT 444.62 558.20 Td (of ) Tj ET Q q 0 0 0 rg BT 453.52 558.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 484.63 558.20 Td (with ) Tj ET Q q 0 0 0 rg BT 501.09 558.20 Td (a ) Tj ET Q q 0 0 0 rg BT 506.88 558.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 536.23 558.20 Td (of ) Tj ET Q q 0 0 0 rg BT 545.13 558.20 Td (cable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 548.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.97 548.60 Td (satellite ) Tj ET Q q 0 0 0 rg BT 91.27 548.60 Td (operators ) Tj ET Q q 0 0 0 rg BT 123.46 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 132.10 548.60 Td (Romania ) Tj ET Q q 0 0 0 rg BT 163.41 548.60 Td (during ) Tj ET Q q 0 0 0 rg BT 186.71 548.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 206.96 548.60 Td (W) Tj ET Q q 0 0 0 rg BT 213.87 548.60 Td (e ) Tj ET Q q 0 0 0 rg BT 219.84 548.60 Td (have ) Tj ET Q q 0 0 0 rg BT 237.36 548.60 Td (now ) Tj ET Q q 0 0 0 rg BT 253.56 548.60 Td (concluded ) Tj ET Q q 0 0 0 rg BT 288.86 548.60 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 330.38 548.60 Td (with ) Tj ET Q q 0 0 0 rg BT 347.03 548.60 Td (all ) Tj ET Q q 0 0 0 rg BT 357.44 548.60 Td (major ) Tj ET Q q 0 0 0 rg BT 378.53 548.60 Td (carriers ) Tj ET Q q 0 0 0 rg BT 404.93 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 413.57 548.60 Td (Romania ) Tj ET Q q 0 0 0 rg BT 444.87 548.60 Td (and ) Tj ET Q q 0 0 0 rg BT 458.85 548.60 Td (we ) Tj ET Q q 0 0 0 rg BT 470.59 548.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 493.89 548.60 Td (carriage ) Tj ET Q q 0 0 0 rg BT 522.07 548.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 537.37 548.60 Td (there ) Tj ET Q q 0 0 0 rg BT 555.77 548.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 539.00 Td (further ) Tj ET Q q 0 0 0 rg BT 74.18 539.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 102.79 539.00 Td (in ) Tj ET Q q 0 0 0 rg BT 111.42 539.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 129.83 539.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 163.78 539.00 Td (to ) Tj ET Q q 0 0 0 rg BT 172.41 539.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 192.65 539.00 Td (These ) Tj ET Q q 0 0 0 rg BT 214.16 539.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 245.89 539.00 Td (were ) Tj ET Q q 0 0 0 rg BT 263.84 539.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 292.91 539.00 Td (of) Tj ET Q q 0 0 0 rg BT 299.43 539.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 313.39 539.00 Td (by ) Tj ET Q q 0 0 0 rg BT 323.80 539.00 Td (a ) Tj ET Q q 0 0 0 rg BT 329.76 539.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 359.70 539.00 Td (in ) Tj ET Q q 0 0 0 rg BT 368.33 539.00 Td (other ) Tj ET Q q 0 0 0 rg BT 387.18 539.00 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 416.91 539.00 Td (resulting ) Tj ET Q q 0 0 0 rg BT 447.31 539.00 Td (from ) Tj ET Q q 0 0 0 rg BT 465.27 539.00 Td (a ) Tj ET Q q 0 0 0 rg BT 471.24 539.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 491.86 539.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 518.27 539.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.34 539.00 Td (production ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 529.40 Td (services. ) Tj ET Q q 0 0 0 rg BT 79.61 529.40 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 94.04 529.40 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.70 529.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 106.69 529.40 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.90 529.40 Td ( ) Tj ET Q q 0 0 0 rg BT 134.89 529.40 Td (in ) Tj ET Q q 0 0 0 rg BT 143.10 529.40 Td (net ) Tj ET Q q 0 0 0 rg BT 154.86 529.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.28 529.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.50 529.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.50 529.40 Td ( ) Tj ET Q q 0 0 0 rg BT 211.49 529.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 245.02 529.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.23 529.40 Td (201) Tj ET Q q 0 0 0 rg BT 264.93 529.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.93 529.40 Td ( ) Tj ET Q q 0 0 0 rg BT 270.92 529.40 Td (on ) Tj ET Q q 0 0 0 rg BT 280.91 529.40 Td (a ) Tj ET Q q 0 0 0 rg BT 286.45 529.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 315.10 529.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 345.07 529.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 363.06 529.40 Td (was ) Tj ET Q q 0 0 0 rg BT 377.50 529.40 Td (due ) Tj ET Q q 0 0 0 rg BT 391.04 529.40 Td (to ) Tj ET Q q 0 0 0 rg BT 399.25 529.40 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.79 529.40 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.46 529.40 Td ( ) Tj ET Q q 0 0 0 rg BT 417.45 529.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 446.97 529.40 Td (in ) Tj ET Q q 0 0 0 rg BT 455.18 529.40 Td (television ) Tj ET Q q 0 0 0 rg BT 488.28 529.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 525.81 529.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 556.23 529.40 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 519.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 78.75 519.80 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 115.71 519.80 Td (broadly ) Tj ET Q q 0 0 0 rg BT 142.25 519.80 Td (in ) Tj ET Q q 0 0 0 rg BT 150.56 519.80 Td (line ) Tj ET Q q 0 0 0 rg BT 164.65 519.80 Td (with ) Tj ET Q q 0 0 0 rg BT 180.97 519.80 Td (the ) Tj ET Q q 0 0 0 rg BT 192.84 519.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 218.03 519.80 Td (in ) Tj ET Q q 0 0 0 rg BT 226.34 519.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.21 519.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 275.85 519.80 Td (market, ) Tj ET Q q 0 0 0 rg BT 302.16 519.80 Td (more ) Tj ET Q q 0 0 0 rg BT 320.69 519.80 Td (than ) Tj ET Q q 0 0 0 rg BT 336.55 519.80 Td (of) Tj ET Q q 0 0 0 rg BT 343.07 519.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 356.72 519.80 Td (by ) Tj ET Q q 0 0 0 rg BT 366.81 519.80 Td (an ) Tj ET Q q 0 0 0 rg BT 376.46 519.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 404.75 519.80 Td (in ) Tj ET Q q 0 0 0 rg BT 413.07 519.80 Td (other ) Tj ET Q q 0 0 0 rg BT 431.60 519.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 462.13 519.80 Td (related ) Tj ET Q q 0 0 0 rg BT 485.98 519.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.84 519.80 Td (to ) Tj ET Q q 0 0 0 rg BT 526.16 519.80 Td (an ) Tj ET Q q 0 0 0 rg BT 535.80 519.80 Td (increase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 510.20 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 510.20 Td (third-party ) Tj ET Q q 0 0 0 rg BT 94.43 510.20 Td (production ) Tj ET Q q 0 0 0 rg BT 131.09 510.20 Td (services.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 494.60 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.98 494.60 Td (char) Tj ET Q q 0 0 0 rg BT 83.60 494.60 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.34 494.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.75 494.60 Td (arriving ) Tj ET Q q 0 0 0 rg BT 133.27 494.60 Td (at ) Tj ET Q q 0 0 0 rg BT 141.23 494.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 166.13 494.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.32 494.60 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.52 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 200.71 494.60 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.90 494.60 Td (14%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.57 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.76 494.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.17 494.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.17 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 254.36 494.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 288.09 494.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.51 494.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.51 494.60 Td (. ) Tj ET Q q 0 0 0 rg BT 316.70 494.60 Td (On ) Tj ET Q q 0 0 0 rg BT 328.67 494.60 Td (a ) Tj ET Q q 0 0 0 rg BT 334.41 494.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 363.26 494.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 393.43 494.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 411.63 494.60 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.82 494.60 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.02 494.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.21 494.60 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.88 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 479.07 494.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 511.03 494.60 Td (as ) Tj ET Q q 0 0 0 rg BT 519.88 494.60 Td (a ) Tj ET Q q 0 0 0 rg BT 525.63 494.60 Td (result ) Tj ET Q q 0 0 0 rg BT 545.59 494.60 Td (of ) Tj ET Q q 0 0 0 rg BT 554.45 494.60 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 485.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 78.27 485.00 Td (in ) Tj ET Q q 0 0 0 rg BT 86.56 485.00 Td (content ) Tj ET Q q 0 0 0 rg BT 112.17 485.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.24 485.00 Td (due ) Tj ET Q q 0 0 0 rg BT 143.86 485.00 Td (to ) Tj ET Q q 0 0 0 rg BT 152.15 485.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 168.44 485.00 Td (24.1 ) Tj ET Q q 0 0 0 rg BT 184.51 485.00 Td (million ) Tj ET Q q 0 0 0 rg BT 209.69 485.00 Td (of ) Tj ET Q q 0 0 0 rg BT 218.42 485.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 257.37 485.00 Td (of ) Tj ET Q q 0 0 0 rg BT 266.10 485.00 Td (program ) Tj ET Q q 0 0 0 rg BT 295.27 485.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 315.56 485.00 Td (and ) Tj ET Q q 0 0 0 rg BT 329.18 485.00 Td (local ) Tj ET Q q 0 0 0 rg BT 346.79 485.00 Td (productions ) Tj ET Q q 0 0 0 rg BT 386.63 485.00 Td (which ) Tj ET Q q 0 0 0 rg BT 408.25 485.00 Td (cannot ) Tj ET Q q 0 0 0 rg BT 431.64 485.00 Td (be ) Tj ET Q q 0 0 0 rg BT 441.26 485.00 Td (profitably ) Tj ET Q q 0 0 0 rg BT 474.88 485.00 Td (exploited. ) Tj ET Q q 0 0 0 rg BT 508.56 485.00 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.07 485.00 Td (9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.73 485.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.80 485.00 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.00 485.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 475.40 Td (in ) Tj ET Q q 0 0 0 rg BT 57.98 475.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 75.75 475.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.73 475.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.73 475.40 Td ( ) Tj ET Q q 0 0 0 rg BT 101.49 475.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 134.79 475.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 142.78 475.40 Td (201) Tj ET Q q 0 0 0 rg BT 154.48 475.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.48 475.40 Td ( ) Tj ET Q q 0 0 0 rg BT 160.24 475.40 Td (on ) Tj ET Q q 0 0 0 rg BT 170.00 475.40 Td (a ) Tj ET Q q 0 0 0 rg BT 175.32 475.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 203.74 475.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 233.48 475.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 251.24 475.40 Td (was ) Tj ET Q q 0 0 0 rg BT 265.45 475.40 Td (due ) Tj ET Q q 0 0 0 rg BT 278.76 475.40 Td (to ) Tj ET Q q 0 0 0 rg BT 286.74 475.40 Td (a ) Tj ET Q q 0 0 0 rg BT 292.05 475.40 Td (new ) Tj ET Q q 0 0 0 rg BT 307.14 475.40 Td (channel ) Tj ET Q q 0 0 0 rg BT 333.78 475.40 Td (launch ) Tj ET Q q 0 0 0 rg BT 356.87 475.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.18 475.40 Td (an ) Tj ET Q q 0 0 0 rg BT 379.49 475.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 407.46 475.40 Td (in ) Tj ET Q q 0 0 0 rg BT 415.44 475.40 Td (content ) Tj ET Q q 0 0 0 rg BT 440.75 475.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 458.51 475.40 Td (due ) Tj ET Q q 0 0 0 rg BT 471.82 475.40 Td (to ) Tj ET Q q 0 0 0 rg BT 479.81 475.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 525.12 475.40 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 465.80 Td (char) Tj ET Q q 0 0 0 rg BT 63.62 465.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 76.02 465.80 Td (of ) Tj ET Q q 0 0 0 rg BT 84.42 465.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 100.38 465.80 Td (10.6 ) Tj ET Q q 0 0 0 rg BT 116.11 465.80 Td (million ) Tj ET Q q 0 0 0 rg BT 140.96 465.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 167.13 465.80 Td (to ) Tj ET Q q 0 0 0 rg BT 175.09 465.80 Td (expiring ) Tj ET Q q 0 0 0 rg BT 203.48 465.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 228.32 465.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 273.60 465.80 Td (content ) Tj ET Q q 0 0 0 rg BT 298.88 465.80 Td (for ) Tj ET Q q 0 0 0 rg BT 309.94 465.80 Td (which ) Tj ET Q q 0 0 0 rg BT 331.23 465.80 Td (we ) Tj ET Q q 0 0 0 rg BT 342.29 465.80 Td (were ) Tj ET Q q 0 0 0 rg BT 359.57 465.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 382.63 465.80 Td (to ) Tj ET Q q 0 0 0 rg BT 390.58 465.80 Td (agree ) Tj ET Q q 0 0 0 rg BT 409.63 465.80 Td (on ) Tj ET Q q 0 0 0 rg BT 419.37 465.80 Td (extensions ) Tj ET Q q 0 0 0 rg BT 454.88 465.80 Td (to ) Tj ET Q q 0 0 0 rg BT 462.83 465.80 Td (the ) Tj ET Q q 0 0 0 rg BT 474.34 465.80 Td (license ) Tj ET Q q 0 0 0 rg BT 498.29 465.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.57 465.80 Td (before ) Tj ET Q q 0 0 0 rg BT 545.73 465.80 Td (year) Tj ET Q q 0 0 0 rg BT 559.34 465.80 Td (-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 456.20 Td (end.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 440.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.41 440.60 Td (Romania ) Tj ET Q q 0 0 0 rg BT 95.27 440.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 123.90 440.60 Td (generated ) Tj ET Q q 0 0 0 rg BT 156.96 440.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 181.85 440.60 Td ( ) Tj ET Q q 0 0 0 rg BT 183.82 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.46 440.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.66 440.60 Td (6.1 ) Tj ET Q q 0 0 0 rg BT 220.63 440.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.74 440.60 Td ( ) Tj ET Q q 0 0 0 rg BT 245.71 440.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.91 440.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 269.91 440.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 271.88 440.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 305.39 440.60 Td (to ) Tj ET Q q 0 0 0 rg BT 313.58 440.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 338.48 440.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.45 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.08 440.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.28 440.60 Td (17.6 ) Tj ET Q q 0 0 0 rg BT 381.25 440.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.37 440.60 Td ( ) Tj ET Q q 0 0 0 rg BT 406.34 440.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.53 440.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.53 440.60 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 440.60 Td (a ) Tj ET Q q 0 0 0 rg BT 440.03 440.60 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.56 440.60 Td ( ) Tj ET Q q 0 0 0 rg BT 469.53 440.60 Td (of ) Tj ET Q q 0 0 0 rg BT 478.17 440.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.36 440.60 Td (1) Tj ET Q q 0 0 0 rg BT 498.07 440.60 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 510.04 440.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.15 440.60 Td (. ) Tj ET Q q 0 0 0 rg BT 537.12 440.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 562.01 440.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 431.00 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.53 431.00 Td ( ) Tj ET Q q 0 0 0 rg BT 83.53 431.00 Td (by ) Tj ET Q q 0 0 0 rg BT 93.53 431.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.76 431.00 Td (13.2 ) Tj ET Q q 0 0 0 rg BT 125.76 431.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.87 431.00 Td ( ) Tj ET Q q 0 0 0 rg BT 150.87 431.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.09 431.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.09 431.00 Td ( ) Tj ET Q q 0 0 0 rg BT 177.09 431.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 210.63 431.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.86 431.00 Td (201) Tj ET Q q 0 0 0 rg BT 230.56 431.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.56 431.00 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 393.80 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 75.12 393.80 Td (Republic) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 338.30 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 338.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 338.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 338.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 338.30 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 338.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 338.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 338.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 338.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 312.30 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 312.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 312.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 312.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 312.30 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 312.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 312.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 312.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 312.30 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 286.30 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 286.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 286.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 286.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 286.30 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 286.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 286.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 286.30 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 286.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 286.30 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 383.29999999999995 m 206.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 368.29999999999995 m 206.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 383.29999999999995 m 210.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 368.29999999999995 m 210.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 383.29999999999995 m 256.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 368.29999999999995 m 256.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 383.29999999999995 m 260.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 368.29999999999995 m 260.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 383.29999999999995 m 306.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 368.29999999999995 m 306.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 383.29999999999995 m 310.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 368.29999999999995 m 310.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 383.29999999999995 m 356.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 368.29999999999995 m 356.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 383.29999999999995 m 365.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 368.29999999999995 m 365.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 383.29999999999995 m 411.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 368.29999999999995 m 411.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 383.29999999999995 m 415.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 368.29999999999995 m 415.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 383.29999999999995 m 461.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 368.29999999999995 m 461.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 383.29999999999995 m 465.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 368.29999999999995 m 465.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 383.29999999999995 m 511.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 368.29999999999995 m 511.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 383.29999999999995 m 515.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 368.29999999999995 m 515.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 383.29999999999995 m 561.5 383.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 368.29999999999995 m 561.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 353.29999999999995 m 306.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 353.29999999999995 m 310.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 353.29999999999995 m 356.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 368.29999999999995 m 511.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 353.29999999999995 m 511.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 368.29999999999995 m 515.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 353.29999999999995 m 515.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 368.29999999999995 m 561.5 368.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 353.29999999999995 m 561.5 353.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 338.29999999999995 m 206.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 338.29999999999995 m 256.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 338.29999999999995 m 306.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 338.29999999999995 m 411.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 338.29999999999995 m 461.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 338.29999999999995 m 511.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 338.29999999999995 m 206.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 338.29999999999995 m 256.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 338.29999999999995 m 356.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 338.29999999999995 m 461.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 338.29999999999995 m 561.5 338.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 299.29999999999995 m 461.5 299.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 299.29999999999995 m 206.5 299.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 299.29999999999995 m 256.5 299.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 299.29999999999995 m 411.5 299.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 299.29999999999995 m 461.5 299.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 265.29999999999995 m 206.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 265.29999999999995 m 256.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 265.29999999999995 m 206.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 253.29999999999995 m 206.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 251.29999999999995 m 206.5 251.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 265.29999999999995 m 256.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 253.29999999999995 m 256.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 251.29999999999995 m 256.5 251.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 265.29999999999995 m 411.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 253.29999999999995 m 411.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 251.29999999999995 m 411.5 251.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 265.29999999999995 m 461.5 265.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 253.29999999999995 m 461.5 253.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 251.29999999999995 m 461.5 251.29999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 372.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 372.53 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 357.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 357.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 357.55 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 357.53 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 357.53 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 342.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 342.53 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 342.53 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 342.53 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 342.53 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 342.53 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 342.53 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 342.53 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 342.53 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 329.55 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 329.55 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.21 329.55 Td (advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 329.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 329.55 Td (78,228) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 329.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 329.55 Td (87,833) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 329.55 Td (\(10.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 329.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 329.55 Td (\(13.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 329.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 329.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 329.55 Td (87,833) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 329.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 329.55 Td (99,084) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 329.55 Td (\(11.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 329.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 329.55 Td (\(4.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 329.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 316.55 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 316.55 Td (1,106) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.30 316.55 Td (571) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 316.55 Td (93.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 316.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 316.55 Td (87.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 316.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.30 316.55 Td (571) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 316.55 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 483.65 316.55 Td (100.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 316.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.65 316.55 Td (100.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 316.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 303.55 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 303.55 Td (3,070) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 303.55 Td (7,770) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 303.55 Td (\(60.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 303.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 303.55 Td (\(61.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 303.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 303.55 Td (7,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 303.55 Td (6,007) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 303.55 Td (29.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 303.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 303.55 Td (41.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 303.55 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 290.53 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 290.53 Td (r) Tj ET Q q 0 0 0 rg BT 69.47 290.53 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.25 290.53 Td (82,404) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 290.53 Td (96,174) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.95 290.53 Td (\(14.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 290.53 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 329.95 290.53 Td (\(16.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 290.53 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 290.53 Td (96,174) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 290.53 Td (105,091) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.95 290.53 Td (\(8.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 290.53 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.95 290.53 Td (\(1.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 290.53 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 277.55 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.97 277.55 Td (char) Tj ET Q q 0 0 0 rg BT 89.59 277.55 Td (ged ) Tj ET Q q 0 0 0 rg BT 107.32 277.55 Td (in ) Tj ET Q q 0 0 0 rg BT 119.72 277.55 Td (arriving ) Tj ET Q q 0 0 0 rg BT 151.23 277.55 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 269.55 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 269.55 Td (102,263) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 269.55 Td (87,570) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 269.55 Td (16.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 269.55 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 269.55 Td (13.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 269.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 269.55 Td (87,570) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 269.55 Td (95,600) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 269.55 Td (\(8.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 269.55 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 269.55 Td (\(1.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 269.55 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 256.53 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 256.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 178.60 256.53 Td (\(19,859) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.30 256.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 256.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 235.25 256.53 Td (8,604) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 288.40 256.53 Td (Nm) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 300.40 260.16 Td (1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 338.40 256.53 Td (Nm) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 350.40 260.16 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 256.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.25 256.53 Td (8,604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 256.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.25 256.53 Td (9,491) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.95 256.53 Td (\(9.3) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 256.53 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.95 256.53 Td (\(2.4) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 256.53 Td (\)%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 244.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 244.40 Td (Number is not meaningful.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 228.80 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 228.80 Td (elevision ) Tj ET Q q 0 0 0 rg BT 84.74 228.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 121.81 228.80 Td (spending ) Tj ET Q q 0 0 0 rg BT 152.23 228.80 Td (in ) Tj ET Q q 0 0 0 rg BT 159.98 228.80 Td (the ) Tj ET Q q 0 0 0 rg BT 171.28 228.80 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 195.03 228.80 Td (Republic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.44 228.80 Td (declined) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.54 228.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.07 228.80 Td (9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.73 228.80 Td ( ) Tj ET Q q 0 0 0 rg BT 266.26 228.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.01 228.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.01 228.80 Td ( ) Tj ET Q q 0 0 0 rg BT 291.54 228.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 324.61 228.80 Td (to ) Tj ET Q q 0 0 0 rg BT 332.36 228.80 Td (the ) Tj ET Q q 0 0 0 rg BT 343.66 228.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 360.74 228.80 Td (year) Tj ET Q q 0 0 0 rg BT 374.07 228.80 Td (. ) Tj ET Q q 0 0 0 rg BT 377.59 228.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 391.56 228.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 428.64 228.80 Td (pricing ) Tj ET Q q 0 0 0 rg BT 452.83 228.80 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 485.91 228.80 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 522.97 228.80 Td (in ) Tj ET Q q 0 0 0 rg BT 530.72 228.80 Td (the ) Tj ET Q q 0 0 0 rg BT 542.03 228.80 Td (Czech ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 81.16 219.20 Td (af) Tj ET Q q 0 0 0 rg BT 87.23 219.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 109.05 219.20 Td (the ) Tj ET Q q 0 0 0 rg BT 121.10 219.20 Td (behavior ) Tj ET Q q 0 0 0 rg BT 151.37 219.20 Td (of ) Tj ET Q q 0 0 0 rg BT 160.31 219.20 Td (some ) Tj ET Q q 0 0 0 rg BT 179.47 219.20 Td (of ) Tj ET Q q 0 0 0 rg BT 188.42 219.20 Td (our ) Tj ET Q q 0 0 0 rg BT 201.36 219.20 Td (clients ) Tj ET Q q 0 0 0 rg BT 224.52 219.20 Td (in ) Tj ET Q q 0 0 0 rg BT 233.02 219.20 Td (both ) Tj ET Q q 0 0 0 rg BT 249.52 219.20 Td (markets. ) Tj ET Q q 0 0 0 rg BT 278.96 219.20 Td (This ) Tj ET Q q 0 0 0 rg BT 295.46 219.20 Td (had ) Tj ET Q q 0 0 0 rg BT 309.29 219.20 Td (a ) Tj ET Q q 0 0 0 rg BT 315.12 219.20 Td (negative ) Tj ET Q q 0 0 0 rg BT 344.50 219.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 368.54 219.20 Td (on ) Tj ET Q q 0 0 0 rg BT 378.82 219.20 Td (our ) Tj ET Q q 0 0 0 rg BT 391.76 219.20 Td (television ) Tj ET Q q 0 0 0 rg BT 425.15 219.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 462.97 219.20 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 495.68 219.20 Td (and ) Tj ET Q q 0 0 0 rg BT 509.51 219.20 Td (consequently ) Tj ET Q q 0 0 0 rg BT 554.00 219.20 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 209.60 Td (television ) Tj ET Q q 0 0 0 rg BT 82.65 209.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 119.73 209.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 150.16 209.60 Td (in ) Tj ET Q q 0 0 0 rg BT 157.92 209.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.24 209.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 193.00 209.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 223.42 209.60 Td (during ) Tj ET Q q 0 0 0 rg BT 245.85 209.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 265.39 209.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 279.37 209.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 303.13 209.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 333.55 209.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 368.42 209.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 396.61 209.60 Td (net ) Tj ET Q q 0 0 0 rg BT 407.92 209.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 437.89 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.10 209.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.87 209.60 Td (82.4 ) Tj ET Q q 0 0 0 rg BT 477.41 209.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.52 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.06 209.60 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.93 209.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.93 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.47 209.60 Td (compared ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 200.00 Td (to ) Tj ET Q q 0 0 0 rg BT 58.38 200.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.77 200.00 Td (96.2 ) Tj ET Q q 0 0 0 rg BT 90.92 200.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 114.04 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 116.20 200.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 124.58 200.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 140.58 200.00 Td (, ) Tj ET Q q 0 0 0 rg BT 144.73 200.00 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.44 200.00 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.97 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 180.13 200.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.96 200.00 Td (14%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.62 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 205.78 200.00 Td (on ) Tj ET Q q 0 0 0 rg BT 215.94 200.00 Td (an ) Tj ET Q q 0 0 0 rg BT 225.64 200.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 246.90 200.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 267.06 200.00 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.88 200.00 Td (17%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.54 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 292.70 200.00 Td (on ) Tj ET Q q 0 0 0 rg BT 302.86 200.00 Td (a ) Tj ET Q q 0 0 0 rg BT 308.57 200.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 337.39 200.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 367.53 200.00 Td (basis. ) Tj ET Q q 0 0 0 rg BT 387.53 200.00 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.13 200.00 Td (1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.79 200.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.95 200.00 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.48 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 444.64 200.00 Td (in ) Tj ET Q q 0 0 0 rg BT 453.02 200.00 Td (net ) Tj ET Q q 0 0 0 rg BT 464.95 200.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 495.54 200.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.92 200.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.92 200.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.08 200.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 555.77 200.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 190.40 Td (201) Tj ET Q q 0 0 0 rg BT 61.70 190.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.70 190.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.55 190.40 Td (on ) Tj ET Q q 0 0 0 rg BT 77.39 190.40 Td (a ) Tj ET Q q 0 0 0 rg BT 82.79 190.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 111.30 190.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 141.12 190.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 158.97 190.40 Td (was ) Tj ET Q q 0 0 0 rg BT 173.26 190.40 Td (due ) Tj ET Q q 0 0 0 rg BT 186.65 190.40 Td (to ) Tj ET Q q 0 0 0 rg BT 194.72 190.40 Td (a ) Tj ET Q q 0 0 0 rg BT 200.12 190.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 229.49 190.40 Td (in ) Tj ET Q q 0 0 0 rg BT 237.56 190.40 Td (average ) Tj ET Q q 0 0 0 rg BT 264.28 190.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 301.67 190.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 322.62 190.40 Td (driving ) Tj ET Q q 0 0 0 rg BT 347.57 190.40 Td (a ) Tj ET Q q 0 0 0 rg BT 352.97 190.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 382.34 190.40 Td (in ) Tj ET Q q 0 0 0 rg BT 390.41 190.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 427.80 190.40 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 460.08 190.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 488.58 190.40 Td (of) Tj ET Q q 0 0 0 rg BT 495.10 190.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 508.50 190.40 Td (by ) Tj ET Q q 0 0 0 rg BT 518.34 190.40 Td (an ) Tj ET Q q 0 0 0 rg BT 527.74 190.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 555.79 190.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 180.80 Td (other ) Tj ET Q q 0 0 0 rg BT 68.44 180.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 95.75 180.80 Td (from ) Tj ET Q q 0 0 0 rg BT 113.30 180.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 152.20 180.80 Td (of ) Tj ET Q q 0 0 0 rg BT 160.86 180.80 Td (content ) Tj ET Q q 0 0 0 rg BT 186.41 180.80 Td (to ) Tj ET Q q 0 0 0 rg BT 194.63 180.80 Td (other ) Tj ET Q q 0 0 0 rg BT 213.07 180.80 Td (segments.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 165.20 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.91 165.20 Td (char) Tj ET Q q 0 0 0 rg BT 83.53 165.20 Td (ged ) Tj ET Q q 0 0 0 rg BT 97.20 165.20 Td (in ) Tj ET Q q 0 0 0 rg BT 105.55 165.20 Td (arriving ) Tj ET Q q 0 0 0 rg BT 132.99 165.20 Td (at ) Tj ET Q q 0 0 0 rg BT 140.89 165.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 165.78 165.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.90 165.20 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.10 165.20 Td ( ) Tj ET Q q 0 0 0 rg BT 200.23 165.20 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.35 165.20 Td (17%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.01 165.20 Td ( ) Tj ET Q q 0 0 0 rg BT 227.13 165.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.48 165.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.48 165.20 Td ( ) Tj ET Q q 0 0 0 rg BT 253.60 165.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 287.26 165.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.61 165.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.61 165.20 Td (. ) Tj ET Q q 0 0 0 rg BT 315.73 165.20 Td (On ) Tj ET Q q 0 0 0 rg BT 327.63 165.20 Td (a ) Tj ET Q q 0 0 0 rg BT 333.30 165.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 362.08 165.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 392.19 165.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 410.31 165.20 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.43 165.20 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.63 165.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.75 165.20 Td (14%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.42 165.20 Td ( ) Tj ET Q q 0 0 0 rg BT 477.54 165.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.89 165.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.89 165.20 Td ( ) Tj ET Q q 0 0 0 rg BT 504.01 165.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 537.67 165.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.01 165.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.01 165.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 155.60 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 83.47 155.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.06 155.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 114.88 155.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 150.57 155.60 Td (with ) Tj ET Q q 0 0 0 rg BT 167.61 155.60 Td (two ) Tj ET Q q 0 0 0 rg BT 182.43 155.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 217.24 155.60 Td (channels ) Tj ET Q q 0 0 0 rg BT 248.05 155.60 Td (as ) Tj ET Q q 0 0 0 rg BT 257.53 155.60 Td (well ) Tj ET Q q 0 0 0 rg BT 274.12 155.60 Td (as ) Tj ET Q q 0 0 0 rg BT 283.60 155.60 Td (an ) Tj ET Q q 0 0 0 rg BT 293.97 155.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 322.99 155.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.04 155.60 Td (content ) Tj ET Q q 0 0 0 rg BT 358.40 155.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 379.22 155.60 Td (which ) Tj ET Q q 0 0 0 rg BT 401.59 155.60 Td (included ) Tj ET Q q 0 0 0 rg BT 431.95 155.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 471.65 155.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.13 155.60 Td (program ) Tj ET Q q 0 0 0 rg BT 511.05 155.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 532.09 155.60 Td (and ) Tj ET Q q 0 0 0 rg BT 546.46 155.60 Td (local ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (productions ) Tj ET Q q 0 0 0 rg BT 89.32 146.00 Td (amounting ) Tj ET Q q 0 0 0 rg BT 125.09 146.00 Td (to ) Tj ET Q q 0 0 0 rg BT 132.87 146.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 148.64 146.00 Td (21.1 ) Tj ET Q q 0 0 0 rg BT 164.20 146.00 Td (million. ) Tj ET Q q 0 0 0 rg BT 190.75 146.00 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.74 146.00 Td (1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.40 146.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.95 146.00 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.48 146.00 Td ( ) Tj ET Q q 0 0 0 rg BT 246.03 146.00 Td (in ) Tj ET Q q 0 0 0 rg BT 253.81 146.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 271.36 146.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.13 146.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.13 146.00 Td ( ) Tj ET Q q 0 0 0 rg BT 296.68 146.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 329.77 146.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.54 146.00 Td (201) Tj ET Q q 0 0 0 rg BT 349.25 146.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.25 146.00 Td ( ) Tj ET Q q 0 0 0 rg BT 354.80 146.00 Td (on ) Tj ET Q q 0 0 0 rg BT 364.35 146.00 Td (a ) Tj ET Q q 0 0 0 rg BT 369.45 146.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 397.66 146.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 427.19 146.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 444.74 146.00 Td (was ) Tj ET Q q 0 0 0 rg BT 458.74 146.00 Td (due ) Tj ET Q q 0 0 0 rg BT 471.84 146.00 Td (to ) Tj ET Q q 0 0 0 rg BT 479.61 146.00 Td (a ) Tj ET Q q 0 0 0 rg BT 484.71 146.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 513.79 146.00 Td (in ) Tj ET Q q 0 0 0 rg BT 521.57 146.00 Td (transmission ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 136.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 68.00 136.40 Td (following ) Tj ET Q q 0 0 0 rg BT 101.11 136.40 Td (the ) Tj ET Q q 0 0 0 rg BT 112.88 136.40 Td (switch ) Tj ET Q q 0 0 0 rg BT 135.77 136.40 Td (to ) Tj ET Q q 0 0 0 rg BT 143.99 136.40 Td (digital ) Tj ET Q q 0 0 0 rg BT 166.43 136.40 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 199.08 136.40 Td (transmission ) Tj ET Q q 0 0 0 rg BT 241.53 136.40 Td (during ) Tj ET Q q 0 0 0 rg BT 264.41 136.40 Td (201) Tj ET Q q 0 0 0 rg BT 276.12 136.40 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 120.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.51 120.80 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 88.80 120.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 119.75 120.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 148.48 120.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 177.20 120.80 Td (an ) Tj ET Q q 0 0 0 rg BT 186.82 120.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 211.71 120.80 Td ( ) Tj ET Q q 0 0 0 rg BT 213.78 120.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 228.30 120.80 Td (of ) Tj ET Q q 0 0 0 rg BT 237.03 120.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.32 120.80 Td (19.9 ) Tj ET Q q 0 0 0 rg BT 269.39 120.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.51 120.80 Td ( ) Tj ET Q q 0 0 0 rg BT 294.57 120.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.87 120.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.87 120.80 Td ( ) Tj ET Q q 0 0 0 rg BT 320.93 120.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 354.54 120.80 Td (to ) Tj ET Q q 0 0 0 rg BT 362.83 120.80 Td (positive ) Tj ET Q q 0 0 0 rg BT 390.23 120.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 415.12 120.80 Td ( ) Tj ET Q q 0 0 0 rg BT 417.19 120.80 Td (of ) Tj ET Q q 0 0 0 rg BT 425.92 120.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.22 120.80 Td (8.6 ) Tj ET Q q 0 0 0 rg BT 454.29 120.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.40 120.80 Td ( ) Tj ET Q q 0 0 0 rg BT 479.47 120.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.76 120.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.76 120.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.83 120.80 Td (a ) Tj ET Q q 0 0 0 rg BT 513.45 120.80 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.98 120.80 Td ( ) Tj ET Q q 0 0 0 rg BT 543.05 120.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.78 120.80 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 111.20 Td ($ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 56.00 111.20 Td (28.5 ) Tj ET Q q 0 0 0 rg BT 72.00 111.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.11 111.20 Td (. ) Tj ET Q q 0 0 0 rg BT 99.11 111.20 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 124.00 111.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.00 111.20 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 157.54 111.20 Td ( ) Tj ET Q q 0 0 0 rg BT 159.54 111.20 Td (by ) Tj ET Q q 0 0 0 rg BT 169.54 111.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.76 111.20 Td (0.9 ) Tj ET Q q 0 0 0 rg BT 197.76 111.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.88 111.20 Td ( ) Tj ET Q q 0 0 0 rg BT 222.88 111.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.10 111.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.10 111.20 Td ( ) Tj ET Q q 0 0 0 rg BT 249.10 111.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 282.64 111.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.86 111.20 Td (201) Tj ET Q q 0 0 0 rg BT 302.56 111.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.56 111.20 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (27) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Slovenia) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 688.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 688.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 688.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 662.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 662.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 662.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 662.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 636.10 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 636.10 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 636.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 636.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 636.10 46.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 733.1 m 206.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 718.1 m 206.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 733.1 m 210.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 718.1 m 210.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 733.1 m 256.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 718.1 m 256.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 733.1 m 260.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 718.1 m 260.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 733.1 m 306.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 718.1 m 306.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 733.1 m 310.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 718.1 m 310.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 733.1 m 356.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 718.1 m 356.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 733.1 m 365.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 718.1 m 365.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 733.1 m 411.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 718.1 m 411.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 733.1 m 415.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 718.1 m 415.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 733.1 m 461.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 718.1 m 461.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 733.1 m 465.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 718.1 m 465.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 733.1 m 511.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 718.1 m 511.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 733.1 m 515.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.1 m 515.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 733.1 m 561.5 733.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 718.1 m 561.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 703.1 m 306.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 703.1 m 310.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 703.1 m 356.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 718.1 m 511.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 703.1 m 511.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 718.1 m 515.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 703.1 m 515.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 718.1 m 561.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 703.1 m 561.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 688.1 m 206.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 688.1 m 256.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 688.1 m 306.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 688.1 m 411.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.1 m 461.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 688.1 m 511.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 688.1 m 206.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 688.1 m 256.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 688.1 m 356.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 688.1 m 461.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 688.1 m 561.5 688.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 649.1 m 461.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 649.1 m 206.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 649.1 m 256.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 649.1 m 411.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 649.1 m 461.5 649.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 615.1 m 256.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 615.1 m 461.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 615.1 m 206.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 603.1 m 206.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 601.1 m 206.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 615.1 m 256.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 603.1 m 256.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 601.1 m 256.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 615.1 m 411.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 603.1 m 411.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 601.1 m 411.5 601.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 615.1 m 461.5 615.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 603.1 m 461.5 603.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 601.1 m 461.5 601.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 722.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 722.33 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 707.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 707.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 707.35 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 707.33 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 707.33 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 692.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 692.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 692.33 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 692.33 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 692.33 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 692.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 692.33 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.40 692.33 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.75 692.33 Td (% Lfl) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 679.35 Td (T) Tj ET Q q 0 0 0 rg BT 56.61 679.35 Td (elevision ) Tj ET Q q 0 0 0 rg BT 87.21 679.35 Td (advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 679.35 Td (57,054) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 679.35 Td (60,250) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.95 679.35 Td (\(5.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 679.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 679.35 Td (\(7.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 679.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 679.35 Td (60,250) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 679.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 679.35 Td (69,848) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 679.35 Td (\(13.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 679.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 679.35 Td (\(7.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 679.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 666.35 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 666.35 Td (3,945) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 666.35 Td (3,293) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 666.35 Td (19.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 666.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 666.35 Td (16.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 666.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 666.35 Td (3,293) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 666.35 Td (1,245) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 483.65 666.35 Td (164.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 666.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.65 666.35 Td (181.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 666.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 653.35 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.25 653.35 Td (5,657) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.25 653.35 Td (5,352) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 653.35 Td (5.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 653.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 653.35 Td (2.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 653.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.25 653.35 Td (5,352) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.25 653.35 Td (5,419) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 653.35 Td (\(1.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 653.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 653.35 Td (7.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 653.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 640.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 640.33 Td (r) Tj ET Q q 0 0 0 rg BT 69.47 640.33 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.25 640.33 Td (66,656) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 640.33 Td (68,895) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.95 640.33 Td (\(3.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 640.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 333.95 640.33 Td (\(5.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 640.33 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 640.33 Td (68,895) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.25 640.33 Td (76,512) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 640.33 Td (\(10.0) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 640.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.95 640.33 Td (\(2.8) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 640.33 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 627.35 Td (Costs ) Tj ET Q q 0 0 0 rg BT 75.97 627.35 Td (char) Tj ET Q q 0 0 0 rg BT 89.59 627.35 Td (ged ) Tj ET Q q 0 0 0 rg BT 107.32 627.35 Td (in ) Tj ET Q q 0 0 0 rg BT 119.72 627.35 Td (arriving ) Tj ET Q q 0 0 0 rg BT 151.23 627.35 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 619.35 Td (OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 619.35 Td (57,402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 619.35 Td (53,962) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 619.35 Td (6.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 619.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 619.35 Td (3.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 619.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 619.35 Td (53,962) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 619.35 Td (56,584) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 619.35 Td (\(4.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 619.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 619.35 Td (3.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 619.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 606.33 Td (OIBDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 185.25 606.33 Td (9,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 231.25 606.33 Td (14,933) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.95 606.33 Td (\(38.0) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 606.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 329.95 606.33 Td (\(39.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 606.33 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.25 606.33 Td (14,933) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 606.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.25 606.33 Td (19,928) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 606.33 Td (\(25.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 606.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 534.95 606.33 Td (\(19.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 606.33 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 587.00 Td (Recent ) Tj ET Q q 0 0 0 rg BT 73.67 587.00 Td (banking-sector ) Tj ET Q q 0 0 0 rg BT 122.66 587.00 Td (problems ) Tj ET Q q 0 0 0 rg BT 153.89 587.00 Td (and ) Tj ET Q q 0 0 0 rg BT 166.90 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.13 587.00 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 205.81 587.00 Td (political ) Tj ET Q q 0 0 0 rg BT 233.48 587.00 Td (instability ) Tj ET Q q 0 0 0 rg BT 266.93 587.00 Td (in ) Tj ET Q q 0 0 0 rg BT 274.61 587.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 304.06 587.00 Td (contributed ) Tj ET Q q 0 0 0 rg BT 341.95 587.00 Td (to ) Tj ET Q q 0 0 0 rg BT 349.63 587.00 Td (a ) Tj ET Q q 0 0 0 rg BT 354.64 587.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 389.87 587.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 417.52 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 425.64 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 436.87 587.00 Td (country's ) Tj ET Q q 0 0 0 rg BT 467.32 587.00 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 499.88 587.00 Td (risk. ) Tj ET Q q 0 0 0 rg BT 515.23 587.00 Td (These ) Tj ET Q q 0 0 0 rg BT 535.79 587.00 Td (political ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 577.40 Td (and ) Tj ET Q q 0 0 0 rg BT 63.46 577.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 96.46 577.40 Td (challenges ) Tj ET Q q 0 0 0 rg BT 132.12 577.40 Td (contributed ) Tj ET Q q 0 0 0 rg BT 170.46 577.40 Td (to ) Tj ET Q q 0 0 0 rg BT 178.59 577.40 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.04 577.40 Td (decline) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 207.14 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 209.04 577.40 Td (in ) Tj ET Q q 0 0 0 rg BT 217.17 577.40 Td (television ) Tj ET Q q 0 0 0 rg BT 250.18 577.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 287.63 577.40 Td (spending ) Tj ET Q q 0 0 0 rg BT 318.42 577.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.99 577.40 Td (7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.66 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 339.56 577.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.69 577.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.69 577.40 Td ( ) Tj ET Q q 0 0 0 rg BT 365.59 577.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 399.04 577.40 Td (to ) Tj ET Q q 0 0 0 rg BT 407.16 577.40 Td (the ) Tj ET Q q 0 0 0 rg BT 418.84 577.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 436.29 577.40 Td (year) Tj ET Q q 0 0 0 rg BT 449.62 577.40 Td (. ) Tj ET Q q 0 0 0 rg BT 453.39 577.40 Td (This ) Tj ET Q q 0 0 0 rg BT 469.51 577.40 Td (is ) Tj ET Q q 0 0 0 rg BT 476.75 577.40 Td (a ) Tj ET Q q 0 0 0 rg BT 482.21 577.40 Td (slight ) Tj ET Q q 0 0 0 rg BT 501.89 577.40 Td (improvement ) Tj ET Q q 0 0 0 rg BT 546.45 577.40 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 567.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.83 567.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 86.99 567.80 Td (of ) Tj ET Q q 0 0 0 rg BT 95.71 567.80 Td (10% ) Tj ET Q q 0 0 0 rg BT 112.43 567.80 Td (in ) Tj ET Q q 0 0 0 rg BT 120.71 567.80 Td (the ) Tj ET Q q 0 0 0 rg BT 132.54 567.80 Td (first ) Tj ET Q q 0 0 0 rg BT 147.49 567.80 Td (half ) Tj ET Q q 0 0 0 rg BT 161.98 567.80 Td (of ) Tj ET Q q 0 0 0 rg BT 170.70 567.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 190.76 567.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 205.26 567.80 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 235.31 567.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 264.03 567.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 292.74 567.80 Td (net ) Tj ET Q q 0 0 0 rg BT 304.57 567.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 335.06 567.80 Td (of ) Tj ET Q q 0 0 0 rg BT 343.78 567.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.06 567.80 Td (66.7 ) Tj ET Q q 0 0 0 rg BT 376.12 567.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.24 567.80 Td ( ) Tj ET Q q 0 0 0 rg BT 401.29 567.80 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.68 567.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.68 567.80 Td ( ) Tj ET Q q 0 0 0 rg BT 430.74 567.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 464.33 567.80 Td (to ) Tj ET Q q 0 0 0 rg BT 472.61 567.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 567.80 Td (68.9 ) Tj ET Q q 0 0 0 rg BT 504.96 567.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.07 567.80 Td ( ) Tj ET Q q 0 0 0 rg BT 530.13 567.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.41 567.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.41 567.80 Td (, ) Tj ET Q q 0 0 0 rg BT 558.46 567.80 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 558.20 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.53 558.20 Td ( ) Tj ET Q q 0 0 0 rg BT 78.99 558.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.12 558.20 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.78 558.20 Td ( ) Tj ET Q q 0 0 0 rg BT 99.24 558.20 Td (on ) Tj ET Q q 0 0 0 rg BT 108.70 558.20 Td (an ) Tj ET Q q 0 0 0 rg BT 117.71 558.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 138.27 558.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 157.73 558.20 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.85 558.20 Td (6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.52 558.20 Td ( ) Tj ET Q q 0 0 0 rg BT 177.98 558.20 Td (on ) Tj ET Q q 0 0 0 rg BT 187.44 558.20 Td (a ) Tj ET Q q 0 0 0 rg BT 192.45 558.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 220.57 558.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 250.01 558.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 269.47 558.20 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 301.58 558.20 Td (a ) Tj ET Q q 0 0 0 rg BT 306.59 558.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 331.14 558.20 Td (in ) Tj ET Q q 0 0 0 rg BT 338.83 558.20 Td (television ) Tj ET Q q 0 0 0 rg BT 371.39 558.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 408.40 558.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 438.29 558.20 Td (consistent ) Tj ET Q q 0 0 0 rg BT 471.74 558.20 Td (with ) Tj ET Q q 0 0 0 rg BT 487.43 558.20 Td (the ) Tj ET Q q 0 0 0 rg BT 498.66 558.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 523.22 558.20 Td (in ) Tj ET Q q 0 0 0 rg BT 530.90 558.20 Td (television ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 548.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.45 548.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 118.25 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 126.38 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.06 548.60 Td (market. ) Tj ET Q q 0 0 0 rg BT 164.04 548.60 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.38 548.60 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.05 548.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.96 548.60 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.49 548.60 Td ( ) Tj ET Q q 0 0 0 rg BT 220.39 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 228.52 548.60 Td (net ) Tj ET Q q 0 0 0 rg BT 240.20 548.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 270.54 548.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.67 548.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.67 548.60 Td ( ) Tj ET Q q 0 0 0 rg BT 296.58 548.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 330.02 548.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.15 548.60 Td (201) Tj ET Q q 0 0 0 rg BT 349.86 548.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.86 548.60 Td ( ) Tj ET Q q 0 0 0 rg BT 355.76 548.60 Td (on ) Tj ET Q q 0 0 0 rg BT 365.67 548.60 Td (a ) Tj ET Q q 0 0 0 rg BT 371.13 548.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 399.70 548.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 429.58 548.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 447.49 548.60 Td (was ) Tj ET Q q 0 0 0 rg BT 461.84 548.60 Td (due ) Tj ET Q q 0 0 0 rg BT 475.30 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.43 548.60 Td (a ) Tj ET Q q 0 0 0 rg BT 488.89 548.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 518.33 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.46 548.60 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 539.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 83.13 539.00 Td (broadly ) Tj ET Q q 0 0 0 rg BT 110.27 539.00 Td (in ) Tj ET Q q 0 0 0 rg BT 119.19 539.00 Td (line ) Tj ET Q q 0 0 0 rg BT 133.89 539.00 Td (with ) Tj ET Q q 0 0 0 rg BT 150.81 539.00 Td (the ) Tj ET Q q 0 0 0 rg BT 163.28 539.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 189.08 539.00 Td (in ) Tj ET Q q 0 0 0 rg BT 198.00 539.00 Td (the ) Tj ET Q q 0 0 0 rg BT 210.48 539.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 248.72 539.00 Td (market, ) Tj ET Q q 0 0 0 rg BT 275.64 539.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 304.99 539.00 Td (of) Tj ET Q q 0 0 0 rg BT 311.51 539.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 325.76 539.00 Td (by ) Tj ET Q q 0 0 0 rg BT 336.46 539.00 Td (a ) Tj ET Q q 0 0 0 rg BT 342.71 539.00 Td (slight ) Tj ET Q q 0 0 0 rg BT 363.20 539.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 392.10 539.00 Td (in ) Tj ET Q q 0 0 0 rg BT 401.02 539.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 442.83 539.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 470.85 539.00 Td (from ) Tj ET Q q 0 0 0 rg BT 489.10 539.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 530.91 539.00 Td (television ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 529.40 Td (channels.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 513.80 Td (Costs ) Tj ET Q q 0 0 0 rg BT 69.48 513.80 Td (char) Tj ET Q q 0 0 0 rg BT 83.10 513.80 Td (ged ) Tj ET Q q 0 0 0 rg BT 96.35 513.80 Td (in ) Tj ET Q q 0 0 0 rg BT 104.27 513.80 Td (arriving ) Tj ET Q q 0 0 0 rg BT 131.29 513.80 Td (at ) Tj ET Q q 0 0 0 rg BT 138.75 513.80 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 163.64 513.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.34 513.80 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.54 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 197.24 513.80 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.93 513.80 Td (6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.60 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 219.29 513.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.21 513.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.21 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 244.91 513.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 278.14 513.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.06 513.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.06 513.80 Td (. ) Tj ET Q q 0 0 0 rg BT 305.75 513.80 Td (On ) Tj ET Q q 0 0 0 rg BT 317.23 513.80 Td (a ) Tj ET Q q 0 0 0 rg BT 322.47 513.80 Td (constant ) Tj ET Q q 0 0 0 rg BT 350.83 513.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 380.50 513.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 398.20 513.80 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.89 513.80 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.10 513.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.79 513.80 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.46 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 460.15 513.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 493.39 513.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.30 513.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 517.30 513.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 519.00 513.80 Td (due ) Tj ET Q q 0 0 0 rg BT 532.25 513.80 Td (primarily ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 504.20 Td (to ) Tj ET Q q 0 0 0 rg BT 58.58 504.20 Td (an ) Tj ET Q q 0 0 0 rg BT 68.48 504.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 97.04 504.20 Td (in ) Tj ET Q q 0 0 0 rg BT 105.62 504.20 Td (content ) Tj ET Q q 0 0 0 rg BT 131.52 504.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.87 504.20 Td (as ) Tj ET Q q 0 0 0 rg BT 158.89 504.20 Td (a ) Tj ET Q q 0 0 0 rg BT 164.80 504.20 Td (result ) Tj ET Q q 0 0 0 rg BT 184.92 504.20 Td (of ) Tj ET Q q 0 0 0 rg BT 193.94 504.20 Td (airing ) Tj ET Q q 0 0 0 rg BT 214.96 504.20 Td (more ) Tj ET Q q 0 0 0 rg BT 233.75 504.20 Td (expensive ) Tj ET Q q 0 0 0 rg BT 268.09 504.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 313.99 504.20 Td (on ) Tj ET Q q 0 0 0 rg BT 324.35 504.20 Td (the ) Tj ET Q q 0 0 0 rg BT 336.48 504.20 Td (cable ) Tj ET Q q 0 0 0 rg BT 355.71 504.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 386.05 504.20 Td (in ) Tj ET Q q 0 0 0 rg BT 394.63 504.20 Td (order ) Tj ET Q q 0 0 0 rg BT 413.86 504.20 Td (to ) Tj ET Q q 0 0 0 rg BT 422.44 504.20 Td (counter ) Tj ET Q q 0 0 0 rg BT 448.78 504.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 481.34 504.20 Td (competition ) Tj ET Q q 0 0 0 rg BT 521.91 504.20 Td (for ) Tj ET Q q 0 0 0 rg BT 533.59 504.20 Td (audience ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 494.60 Td (share ) Tj ET Q q 0 0 0 rg BT 69.35 494.60 Td (in ) Tj ET Q q 0 0 0 rg BT 78.05 494.60 Td (that ) Tj ET Q q 0 0 0 rg BT 92.52 494.60 Td (market. ) Tj ET Q q 0 0 0 rg BT 119.03 494.60 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 133.94 494.60 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.60 494.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 147.08 494.60 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.28 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.76 494.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.45 494.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 202.93 494.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.63 494.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.63 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.10 494.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 264.11 494.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.81 494.60 Td (201) Tj ET Q q 0 0 0 rg BT 284.51 494.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.51 494.60 Td ( ) Tj ET Q q 0 0 0 rg BT 290.99 494.60 Td (on ) Tj ET Q q 0 0 0 rg BT 301.46 494.60 Td (a ) Tj ET Q q 0 0 0 rg BT 307.49 494.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 336.62 494.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 367.08 494.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 385.55 494.60 Td (was ) Tj ET Q q 0 0 0 rg BT 400.47 494.60 Td (due ) Tj ET Q q 0 0 0 rg BT 414.50 494.60 Td (to ) Tj ET Q q 0 0 0 rg BT 423.19 494.60 Td (an ) Tj ET Q q 0 0 0 rg BT 433.22 494.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 461.90 494.60 Td (in ) Tj ET Q q 0 0 0 rg BT 470.59 494.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 513.51 494.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 531.99 494.60 Td (that ) Tj ET Q q 0 0 0 rg BT 546.46 494.60 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 485.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 78.66 485.00 Td (subsidized ) Tj ET Q q 0 0 0 rg BT 114.43 485.00 Td (in ) Tj ET Q q 0 0 0 rg BT 122.65 485.00 Td (201) Tj ET Q q 0 0 0 rg BT 134.36 485.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 140.36 485.00 Td (during ) Tj ET Q q 0 0 0 rg BT 163.24 485.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.02 485.00 Td (transition ) Tj ET Q q 0 0 0 rg BT 207.23 485.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.46 485.00 Td (digital ) Tj ET Q q 0 0 0 rg BT 237.90 485.00 Td (terrestrial ) Tj ET Q q 0 0 0 rg BT 270.55 485.00 Td (transmission ) Tj ET Q q 0 0 0 rg BT 312.99 485.00 Td (and ) Tj ET Q q 0 0 0 rg BT 326.54 485.00 Td (content ) Tj ET Q q 0 0 0 rg BT 352.09 485.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 370.09 485.00 Td (for ) Tj ET Q q 0 0 0 rg BT 381.42 485.00 Td (the ) Tj ET Q q 0 0 0 rg BT 393.19 485.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 434.30 485.00 Td (package ) Tj ET Q q 0 0 0 rg BT 462.50 485.00 Td (of ) Tj ET Q q 0 0 0 rg BT 471.17 485.00 Td (channels.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 469.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.59 469.40 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 94.73 469.40 Td (segment ) Tj ET Q q 0 0 0 rg BT 123.54 469.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 156.78 469.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 181.67 469.40 Td ( ) Tj ET Q q 0 0 0 rg BT 183.82 469.40 Td (of ) Tj ET Q q 0 0 0 rg BT 192.63 469.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.00 469.40 Td (9.3 ) Tj ET Q q 0 0 0 rg BT 221.15 469.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.26 469.40 Td ( ) Tj ET Q q 0 0 0 rg BT 246.41 469.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.78 469.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.78 469.40 Td ( ) Tj ET Q q 0 0 0 rg BT 272.93 469.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 306.61 469.40 Td (to ) Tj ET Q q 0 0 0 rg BT 314.98 469.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 339.87 469.40 Td ( ) Tj ET Q q 0 0 0 rg BT 342.02 469.40 Td (of ) Tj ET Q q 0 0 0 rg BT 350.83 469.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.21 469.40 Td (14.9 ) Tj ET Q q 0 0 0 rg BT 383.35 469.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.47 469.40 Td ( ) Tj ET Q q 0 0 0 rg BT 408.62 469.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.99 469.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.99 469.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.13 469.40 Td (a ) Tj ET Q q 0 0 0 rg BT 442.83 469.40 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.36 469.40 Td ( ) Tj ET Q q 0 0 0 rg BT 472.51 469.40 Td (of ) Tj ET Q q 0 0 0 rg BT 481.32 469.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.70 469.40 Td (5.6 ) Tj ET Q q 0 0 0 rg BT 509.84 469.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.96 469.40 Td (. ) Tj ET Q q 0 0 0 rg BT 537.10 469.40 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 561.99 469.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 459.80 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.53 459.80 Td ( ) Tj ET Q q 0 0 0 rg BT 83.53 459.80 Td (by ) Tj ET Q q 0 0 0 rg BT 93.53 459.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.76 459.80 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 121.76 459.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.87 459.80 Td ( ) Tj ET Q q 0 0 0 rg BT 146.87 459.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 155.09 459.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.09 459.80 Td ( ) Tj ET Q q 0 0 0 rg BT 173.09 459.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 206.63 459.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.86 459.80 Td (201) Tj ET Q q 0 0 0 rg BT 226.56 459.80 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.56 459.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 441.20 Td (Futur) Tj ET Q q 0 0 0 rg BT 69.86 441.20 Td (e ) Tj ET Q q 0 0 0 rg BT 75.26 441.20 Td (T) Tj ET Q q 0 0 0 rg BT 80.00 441.20 Td (r) Tj ET Q q 0 0 0 rg BT 83.41 441.20 Td (ends) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 425.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.33 425.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 97.33 425.60 Td (outlook ) Tj ET Q q 0 0 0 rg BT 123.67 425.60 Td (for ) Tj ET Q q 0 0 0 rg BT 134.90 425.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.57 425.60 Td (countries ) Tj ET Q q 0 0 0 rg BT 177.79 425.60 Td (in ) Tj ET Q q 0 0 0 rg BT 185.91 425.60 Td (which ) Tj ET Q q 0 0 0 rg BT 207.36 425.60 Td (we ) Tj ET Q q 0 0 0 rg BT 218.58 425.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 244.02 425.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 271.24 425.60 Td (uncertain; ) Tj ET Q q 0 0 0 rg BT 305.13 425.60 Td (however) Tj ET Q q 0 0 0 rg BT 332.35 425.60 Td (, ) Tj ET Q q 0 0 0 rg BT 336.25 425.60 Td (external ) Tj ET Q q 0 0 0 rg BT 363.90 425.60 Td (analysts ) Tj ET Q q 0 0 0 rg BT 391.58 425.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 422.35 425.60 Td (assume ) Tj ET Q q 0 0 0 rg BT 447.80 425.60 Td (recession ) Tj ET Q q 0 0 0 rg BT 479.46 425.60 Td (related ) Tj ET Q q 0 0 0 rg BT 503.12 425.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 520.13 425.60 Td (have ) Tj ET Q q 0 0 0 rg BT 537.13 425.60 Td (receded ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.87 416.00 Td (project ) Tj ET Q q 0 0 0 rg BT 88.40 416.00 Td (a ) Tj ET Q q 0 0 0 rg BT 94.28 416.00 Td (modest ) Tj ET Q q 0 0 0 rg BT 119.71 416.00 Td (recovery ) Tj ET Q q 0 0 0 rg BT 150.01 416.00 Td (in ) Tj ET Q q 0 0 0 rg BT 158.55 416.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 176.87 416.00 Td (in ) Tj ET Q q 0 0 0 rg BT 185.42 416.00 Td (our ) Tj ET Q q 0 0 0 rg BT 198.40 416.00 Td (lar) Tj ET Q q 0 0 0 rg BT 206.70 416.00 Td (gest ) Tj ET Q q 0 0 0 rg BT 221.90 416.00 Td (markets. ) Tj ET Q q 0 0 0 rg BT 251.55 416.00 Td (Improvement ) Tj ET Q q 0 0 0 rg BT 296.97 416.00 Td (in ) Tj ET Q q 0 0 0 rg BT 305.51 416.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 330.50 416.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 347.92 416.00 Td (for ) Tj ET Q q 0 0 0 rg BT 359.57 416.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 378.78 416.00 Td (domestic ) Tj ET Q q 0 0 0 rg BT 409.99 416.00 Td (product ) Tj ET Q q 0 0 0 rg BT 436.75 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 450.62 416.00 Td (consumer ) Tj ET Q q 0 0 0 rg BT 484.04 416.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 515.25 416.00 Td (would ) Tj ET Q q 0 0 0 rg BT 537.57 416.00 Td (provide ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 406.40 Td (support ) Tj ET Q q 0 0 0 rg BT 75.83 406.40 Td (for ) Tj ET Q q 0 0 0 rg BT 86.99 406.40 Td (growth ) Tj ET Q q 0 0 0 rg BT 111.48 406.40 Td (in ) Tj ET Q q 0 0 0 rg BT 119.54 406.40 Td (television ) Tj ET Q q 0 0 0 rg BT 152.47 406.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 189.85 406.40 Td (spending. ) Tj ET Q q 0 0 0 rg BT 222.43 406.40 Td (W) Tj ET Q q 0 0 0 rg BT 229.34 406.40 Td (e ) Tj ET Q q 0 0 0 rg BT 234.72 406.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 259.65 406.40 Td (our ) Tj ET Q q 0 0 0 rg BT 272.15 406.40 Td (leading ) Tj ET Q q 0 0 0 rg BT 297.52 406.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 327.78 406.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 349.60 406.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 375.87 406.40 Td (tremendous ) Tj ET Q q 0 0 0 rg BT 415.02 406.40 Td (reach ) Tj ET Q q 0 0 0 rg BT 434.17 406.40 Td (for ) Tj ET Q q 0 0 0 rg BT 445.33 406.40 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 481.81 406.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.19 406.40 Td (position ) Tj ET Q q 0 0 0 rg BT 522.80 406.40 Td (us ) Tj ET Q q 0 0 0 rg BT 531.74 406.40 Td (to ) Tj ET Q q 0 0 0 rg BT 539.80 406.40 Td (benefit ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 396.80 Td (when ) Tj ET Q q 0 0 0 rg BT 69.33 396.80 Td (television ) Tj ET Q q 0 0 0 rg BT 102.43 396.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 139.98 396.80 Td (spending ) Tj ET Q q 0 0 0 rg BT 170.87 396.80 Td (increases ) Tj ET Q q 0 0 0 rg BT 202.18 396.80 Td (or ) Tj ET Q q 0 0 0 rg BT 210.85 396.80 Td (television ) Tj ET Q q 0 0 0 rg BT 243.95 396.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 281.50 396.80 Td (prices ) Tj ET Q q 0 0 0 rg BT 302.60 396.80 Td (increase.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 381.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.66 381.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 85.73 381.20 Td (to ) Tj ET Q q 0 0 0 rg BT 94.15 381.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 123.89 381.20 Td (making ) Tj ET Q q 0 0 0 rg BT 150.08 381.20 Td (ef) Tj ET Q q 0 0 0 rg BT 156.15 381.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 178.78 381.20 Td (tar) Tj ET Q q 0 0 0 rg BT 187.08 381.20 Td (geted ) Tj ET Q q 0 0 0 rg BT 206.60 381.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 247.01 381.20 Td (in ) Tj ET Q q 0 0 0 rg BT 255.43 381.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 301.17 381.20 Td (to ) Tj ET Q q 0 0 0 rg BT 309.59 381.20 Td (maintain ) Tj ET Q q 0 0 0 rg BT 339.78 381.20 Td (our ) Tj ET Q q 0 0 0 rg BT 352.64 381.20 Td (audience ) Tj ET Q q 0 0 0 rg BT 383.26 381.20 Td (share ) Tj ET Q q 0 0 0 rg BT 402.34 381.20 Td (leadership. ) Tj ET Q q 0 0 0 rg BT 439.25 381.20 Td (W) Tj ET Q q 0 0 0 rg BT 446.16 381.20 Td (e ) Tj ET Q q 0 0 0 rg BT 451.91 381.20 Td (have ) Tj ET Q q 0 0 0 rg BT 469.21 381.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 494.94 381.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 522.90 381.20 Td (negotiations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 371.60 Td (with ) Tj ET Q q 0 0 0 rg BT 66.20 371.60 Td (our ) Tj ET Q q 0 0 0 rg BT 78.85 371.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 109.71 371.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.36 371.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 147.87 371.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 193.40 371.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.60 371.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 223.58 371.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.11 371.60 Td (better ) Tj ET Q q 0 0 0 rg BT 249.30 371.60 Td (selection ) Tj ET Q q 0 0 0 rg BT 279.71 371.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.36 371.60 Td (products ) Tj ET Q q 0 0 0 rg BT 317.89 371.60 Td (with ) Tj ET Q q 0 0 0 rg BT 334.09 371.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 368.06 371.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 388.26 371.60 Td (at ) Tj ET Q q 0 0 0 rg BT 396.01 371.60 Td (much ) Tj ET Q q 0 0 0 rg BT 415.77 371.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 435.96 371.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 457.04 371.60 Td (that ) Tj ET Q q 0 0 0 rg BT 471.02 371.60 Td (better ) Tj ET Q q 0 0 0 rg BT 491.21 371.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 513.61 371.60 Td (the ) Tj ET Q q 0 0 0 rg BT 525.37 371.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 555.34 371.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 362.00 Td (those ) Tj ET Q q 0 0 0 rg BT 68.66 362.00 Td (products ) Tj ET Q q 0 0 0 rg BT 97.98 362.00 Td (to ) Tj ET Q q 0 0 0 rg BT 105.97 362.00 Td (generate ) Tj ET Q q 0 0 0 rg BT 134.84 362.00 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 163.92 362.00 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 207.68 362.00 Td (we ) Tj ET Q q 0 0 0 rg BT 218.78 362.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 248.10 362.00 Td (to ) Tj ET Q q 0 0 0 rg BT 256.10 362.00 Td (implement ) Tj ET Q q 0 0 0 rg BT 292.08 362.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 306.74 362.00 Td (ef) Tj ET Q q 0 0 0 rg BT 312.81 362.00 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 345.23 362.00 Td (in ) Tj ET Q q 0 0 0 rg BT 353.22 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 365.66 362.00 Td (local ) Tj ET Q q 0 0 0 rg BT 382.98 362.00 Td (productions ) Tj ET Q q 0 0 0 rg BT 422.52 362.00 Td (keeping ) Tj ET Q q 0 0 0 rg BT 449.62 362.00 Td (in ) Tj ET Q q 0 0 0 rg BT 457.61 362.00 Td (mind ) Tj ET Q q 0 0 0 rg BT 475.83 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 488.27 362.00 Td (strategy ) Tj ET Q q 0 0 0 rg BT 515.36 362.00 Td (of ) Tj ET Q q 0 0 0 rg BT 523.80 362.00 Td (maintaining ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 352.40 Td (our ) Tj ET Q q 0 0 0 rg BT 62.21 352.40 Td (leading ) Tj ET Q q 0 0 0 rg BT 87.31 352.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 117.29 352.40 Td (shares. ) Tj ET Q q 0 0 0 rg BT 140.72 352.40 Td (While ) Tj ET Q q 0 0 0 rg BT 161.81 352.40 Td (new ) Tj ET Q q 0 0 0 rg BT 176.69 352.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 207.12 352.40 Td (with ) Tj ET Q q 0 0 0 rg BT 222.89 352.40 Td (the ) Tj ET Q q 0 0 0 rg BT 234.21 352.40 Td (major ) Tj ET Q q 0 0 0 rg BT 254.42 352.40 Td (studios ) Tj ET Q q 0 0 0 rg BT 278.64 352.40 Td (are ) Tj ET Q q 0 0 0 rg BT 289.96 352.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 319.93 352.40 Td (to ) Tj ET Q q 0 0 0 rg BT 327.71 352.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 350.57 352.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.90 352.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 376.33 352.40 Td (of ) Tj ET Q q 0 0 0 rg BT 384.55 352.40 Td (new ) Tj ET Q q 0 0 0 rg BT 399.42 352.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 424.08 352.40 Td (programming, ) Tj ET Q q 0 0 0 rg BT 471.17 352.40 Td (the ) Tj ET Q q 0 0 0 rg BT 482.50 352.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 505.81 352.40 Td (will ) Tj ET Q q 0 0 0 rg BT 519.81 352.40 Td (not ) Tj ET Q q 0 0 0 rg BT 531.58 352.40 Td (be ) Tj ET Q q 0 0 0 rg BT 540.68 352.40 Td (visible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 342.80 Td (in ) Tj ET Q q 0 0 0 rg BT 58.14 342.80 Td (our ) Tj ET Q q 0 0 0 rg BT 70.72 342.80 Td (content ) Tj ET Q q 0 0 0 rg BT 96.18 342.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 114.10 342.80 Td (until ) Tj ET Q q 0 0 0 rg BT 130.69 342.80 Td (we ) Tj ET Q q 0 0 0 rg BT 141.93 342.80 Td (have ) Tj ET Q q 0 0 0 rg BT 158.95 342.80 Td (exploited ) Tj ET Q q 0 0 0 rg BT 190.64 342.80 Td (more ) Tj ET Q q 0 0 0 rg BT 208.99 342.80 Td (titles ) Tj ET Q q 0 0 0 rg BT 226.46 342.80 Td (in ) Tj ET Q q 0 0 0 rg BT 234.60 342.80 Td (the ) Tj ET Q q 0 0 0 rg BT 246.29 342.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 273.54 342.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 319.01 342.80 Td (library) Tj ET Q q 0 0 0 rg BT 339.81 342.80 Td (, ) Tj ET Q q 0 0 0 rg BT 343.73 342.80 Td (which ) Tj ET Q q 0 0 0 rg BT 365.20 342.80 Td (is ) Tj ET Q q 0 0 0 rg BT 372.45 342.80 Td (not ) Tj ET Q q 0 0 0 rg BT 384.59 342.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 414.93 342.80 Td (before ) Tj ET Q q 0 0 0 rg BT 437.28 342.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 457.19 342.80 Td (Of ) Tj ET Q q 0 0 0 rg BT 467.55 342.80 Td (the ) Tj ET Q q 0 0 0 rg BT 479.24 342.80 Td (total ) Tj ET Q q 0 0 0 rg BT 495.38 342.80 Td (content ) Tj ET Q q 0 0 0 rg BT 520.84 342.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.76 342.80 Td (that ) Tj ET Q q 0 0 0 rg BT 552.67 342.80 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 333.20 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 83.09 333.20 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 122.86 333.20 Td (during ) Tj ET Q q 0 0 0 rg BT 145.74 333.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 165.74 333.20 Td (less ) Tj ET Q q 0 0 0 rg BT 179.74 333.20 Td (than ) Tj ET Q q 0 0 0 rg BT 195.52 333.20 Td (half ) Tj ET Q q 0 0 0 rg BT 209.95 333.20 Td (are ) Tj ET Q q 0 0 0 rg BT 221.72 333.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 252.14 333.20 Td (to ) Tj ET Q q 0 0 0 rg BT 260.37 333.20 Td (relate ) Tj ET Q q 0 0 0 rg BT 280.13 333.20 Td (to ) Tj ET Q q 0 0 0 rg BT 288.35 333.20 Td (programming ) Tj ET Q q 0 0 0 rg BT 333.90 333.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 363.44 333.20 Td (from ) Tj ET Q q 0 0 0 rg BT 380.99 333.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.76 333.20 Td (major ) Tj ET Q q 0 0 0 rg BT 413.42 333.20 Td (studios.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 317.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.99 317.60 Td (top ) Tj ET Q q 0 0 0 rg BT 77.77 317.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 116.30 317.60 Td (priority ) Tj ET Q q 0 0 0 rg BT 142.85 317.60 Td (for ) Tj ET Q q 0 0 0 rg BT 154.73 317.60 Td (management ) Tj ET Q q 0 0 0 rg BT 198.16 317.60 Td (is ) Tj ET Q q 0 0 0 rg BT 206.04 317.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.82 317.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 244.03 317.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.36 317.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 299.33 317.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.55 317.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.76 317.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 357.64 317.60 Td (in ) Tj ET Q q 0 0 0 rg BT 366.42 317.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.74 317.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 401.28 317.60 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 434.72 317.60 Td (with ) Tj ET Q q 0 0 0 rg BT 451.49 317.60 Td (a ) Tj ET Q q 0 0 0 rg BT 457.60 317.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 490.80 317.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 510.68 317.60 Td (on ) Tj ET Q q 0 0 0 rg BT 521.23 317.60 Td (restoring ) Tj ET Q q 0 0 0 rg BT 552.22 317.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 308.00 Td (demand ) Tj ET Q q 0 0 0 rg BT 76.80 308.00 Td (for ) Tj ET Q q 0 0 0 rg BT 87.61 308.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 124.64 308.00 Td (on ) Tj ET Q q 0 0 0 rg BT 134.12 308.00 Td (our ) Tj ET Q q 0 0 0 rg BT 146.27 308.00 Td (television ) Tj ET Q q 0 0 0 rg BT 178.85 308.00 Td (channels. ) Tj ET Q q 0 0 0 rg BT 210.21 308.00 Td (While ) Tj ET Q q 0 0 0 rg BT 231.24 308.00 Td (we ) Tj ET Q q 0 0 0 rg BT 242.05 308.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 264.40 308.00 Td (a ) Tj ET Q q 0 0 0 rg BT 269.44 308.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 304.69 308.00 Td (improvement ) Tj ET Q q 0 0 0 rg BT 348.82 308.00 Td (in ) Tj ET Q q 0 0 0 rg BT 356.53 308.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 377.99 308.00 Td (advertising ) Tj ET Q q 0 0 0 rg BT 415.02 308.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 444.93 308.00 Td (in ) Tj ET Q q 0 0 0 rg BT 452.64 308.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 472.12 308.00 Td (we ) Tj ET Q q 0 0 0 rg BT 482.92 308.00 Td (do ) Tj ET Q q 0 0 0 rg BT 492.40 308.00 Td (not ) Tj ET Q q 0 0 0 rg BT 504.11 308.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 526.46 308.00 Td (advertising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 298.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 80.35 298.40 Td (in ) Tj ET Q q 0 0 0 rg BT 88.50 298.40 Td (the ) Tj ET Q q 0 0 0 rg BT 100.19 298.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 122.10 298.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 152.91 298.40 Td (to ) Tj ET Q q 0 0 0 rg BT 161.05 298.40 Td (reach ) Tj ET Q q 0 0 0 rg BT 180.29 298.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 198.21 298.40 Td (levels ) Tj ET Q q 0 0 0 rg BT 218.79 298.40 Td (in ) Tj ET Q q 0 0 0 rg BT 226.94 298.40 Td (2014. ) Tj ET Q q 0 0 0 rg BT 246.72 298.40 Td (W) Tj ET Q q 0 0 0 rg BT 253.63 298.40 Td (e ) Tj ET Q q 0 0 0 rg BT 259.10 298.40 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 292.12 298.40 Td (a ) Tj ET Q q 0 0 0 rg BT 297.59 298.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 321.73 298.40 Td (trend ) Tj ET Q q 0 0 0 rg BT 340.09 298.40 Td (in ) Tj ET Q q 0 0 0 rg BT 348.24 298.40 Td (our ) Tj ET Q q 0 0 0 rg BT 360.82 298.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 403.18 298.40 Td (results ) Tj ET Q q 0 0 0 rg BT 425.99 298.40 Td (for ) Tj ET Q q 0 0 0 rg BT 437.24 298.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 457.16 298.40 Td (and ) Tj ET Q q 0 0 0 rg BT 470.63 298.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 493.43 298.40 Td (to ) Tj ET Q q 0 0 0 rg BT 501.57 298.40 Td (build ) Tj ET Q q 0 0 0 rg BT 519.94 298.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 537.86 298.40 Td (them ) Tj ET Q q 0 0 0 rg BT 555.78 298.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 288.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 70.25 288.80 Td (Due ) Tj ET Q q 0 0 0 rg BT 85.83 288.80 Td (to ) Tj ET Q q 0 0 0 rg BT 94.30 288.80 Td (the ) Tj ET Q q 0 0 0 rg BT 106.32 288.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 134.33 288.80 Td (in ) Tj ET Q q 0 0 0 rg BT 142.81 288.80 Td (our ) Tj ET Q q 0 0 0 rg BT 155.72 288.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 173.52 288.80 Td (policy ) Tj ET Q q 0 0 0 rg BT 195.76 288.80 Td (in ) Tj ET Q q 0 0 0 rg BT 204.24 288.80 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 288.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 238.50 288.80 Td (Republic ) Tj ET Q q 0 0 0 rg BT 269.63 288.80 Td (for ) Tj ET Q q 0 0 0 rg BT 281.21 288.80 Td (2014 ) Tj ET Q q 0 0 0 rg BT 299.45 288.80 Td (and ) Tj ET Q q 0 0 0 rg BT 313.25 288.80 Td (our ) Tj ET Q q 0 0 0 rg BT 326.17 288.80 Td (decision ) Tj ET Q q 0 0 0 rg BT 355.08 288.80 Td (to ) Tj ET Q q 0 0 0 rg BT 363.55 288.80 Td (present ) Tj ET Q q 0 0 0 rg BT 388.90 288.80 Td (it ) Tj ET Q q 0 0 0 rg BT 395.59 288.80 Td (to ) Tj ET Q q 0 0 0 rg BT 404.06 288.80 Td (the ) Tj ET Q q 0 0 0 rg BT 416.09 288.80 Td (market ) Tj ET Q q 0 0 0 rg BT 440.55 288.80 Td (earlier ) Tj ET Q q 0 0 0 rg BT 463.22 288.80 Td (than ) Tj ET Q q 0 0 0 rg BT 479.24 288.80 Td (we ) Tj ET Q q 0 0 0 rg BT 490.82 288.80 Td (have ) Tj ET Q q 0 0 0 rg BT 508.17 288.80 Td (in ) Tj ET Q q 0 0 0 rg BT 516.64 288.80 Td (previous ) Tj ET Q q 0 0 0 rg BT 546.44 288.80 Td (sales ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 279.20 Td (cycles, ) Tj ET Q q 0 0 0 rg BT 73.68 279.20 Td (we ) Tj ET Q q 0 0 0 rg BT 84.70 279.20 Td (have ) Tj ET Q q 0 0 0 rg BT 101.50 279.20 Td (signed ) Tj ET Q q 0 0 0 rg BT 124.08 279.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 161.32 279.20 Td (spending ) Tj ET Q q 0 0 0 rg BT 191.90 279.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 237.14 279.20 Td (in ) Tj ET Q q 0 0 0 rg BT 245.06 279.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 262.75 279.20 Td (in ) Tj ET Q q 0 0 0 rg BT 270.67 279.20 Td (the ) Tj ET Q q 0 0 0 rg BT 282.13 279.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 303.82 279.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 334.39 279.20 Td (totaling ) Tj ET Q q 0 0 0 rg BT 360.53 279.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 376.45 279.20 Td (144.0 ) Tj ET Q q 0 0 0 rg BT 396.14 279.20 Td (million ) Tj ET Q q 0 0 0 rg BT 420.95 279.20 Td (as ) Tj ET Q q 0 0 0 rg BT 429.30 279.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.66 279.20 Td (February ) Tj ET Q q 0 0 0 rg BT 468.23 279.20 Td (17, ) Tj ET Q q 0 0 0 rg BT 479.93 279.20 Td (2014, ) Tj ET Q q 0 0 0 rg BT 499.62 279.20 Td (which ) Tj ET Q q 0 0 0 rg BT 520.87 279.20 Td (is ) Tj ET Q q 0 0 0 rg BT 527.89 279.20 Td (well ) Tj ET Q q 0 0 0 rg BT 543.36 279.20 Td (ahead ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 269.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.23 269.60 Td (the ) Tj ET Q q 0 0 0 rg BT 69.57 269.60 Td (pace ) Tj ET Q q 0 0 0 rg BT 85.78 269.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.01 269.60 Td (last ) Tj ET Q q 0 0 0 rg BT 106.69 269.60 Td (year ) Tj ET Q q 0 0 0 rg BT 122.02 269.60 Td (when ) Tj ET Q q 0 0 0 rg BT 140.91 269.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 156.70 269.60 Td (77.8 ) Tj ET Q q 0 0 0 rg BT 172.26 269.60 Td (million ) Tj ET Q q 0 0 0 rg BT 196.94 269.60 Td (of ) Tj ET Q q 0 0 0 rg BT 205.17 269.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 242.28 269.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 272.73 269.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 317.85 269.60 Td (were ) Tj ET Q q 0 0 0 rg BT 334.96 269.60 Td (signed ) Tj ET Q q 0 0 0 rg BT 357.41 269.60 Td (as ) Tj ET Q q 0 0 0 rg BT 365.63 269.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.86 269.60 Td (February ) Tj ET Q q 0 0 0 rg BT 404.31 269.60 Td (17, ) Tj ET Q q 0 0 0 rg BT 415.87 269.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 435.44 269.60 Td (However) Tj ET Q q 0 0 0 rg BT 464.44 269.60 Td (, ) Tj ET Q q 0 0 0 rg BT 468.00 269.60 Td (total ) Tj ET Q q 0 0 0 rg BT 483.78 269.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 528.90 269.60 Td (are ) Tj ET Q q 0 0 0 rg BT 540.23 269.60 Td (behind ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 260.00 Td (that ) Tj ET Q q 0 0 0 rg BT 64.11 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 72.89 260.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 93.01 260.00 Td (when ) Tj ET Q q 0 0 0 rg BT 112.46 260.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 128.80 260.00 Td (172.3 ) Tj ET Q q 0 0 0 rg BT 148.92 260.00 Td (million ) Tj ET Q q 0 0 0 rg BT 174.15 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 182.93 260.00 Td (spending ) Tj ET Q q 0 0 0 rg BT 213.93 260.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 259.60 260.00 Td (were ) Tj ET Q q 0 0 0 rg BT 277.26 260.00 Td (signed ) Tj ET Q q 0 0 0 rg BT 300.27 260.00 Td (as ) Tj ET Q q 0 0 0 rg BT 309.05 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 260.00 Td (February ) Tj ET Q q 0 0 0 rg BT 348.82 260.00 Td (17, ) Tj ET Q q 0 0 0 rg BT 360.94 260.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 380.91 260.00 Td (While ) Tj ET Q q 0 0 0 rg BT 402.57 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 414.46 260.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 442.34 260.00 Td (made ) Tj ET Q q 0 0 0 rg BT 461.78 260.00 Td (to ) Tj ET Q q 0 0 0 rg BT 470.12 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 482.02 260.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 499.68 260.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 521.80 260.00 Td (in ) Tj ET Q q 0 0 0 rg BT 530.14 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.03 260.00 Td (Czech ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 250.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 81.04 250.40 Td (have ) Tj ET Q q 0 0 0 rg BT 98.31 250.40 Td (improved ) Tj ET Q q 0 0 0 rg BT 131.13 250.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.07 250.40 Td (volume ) Tj ET Q q 0 0 0 rg BT 169.22 250.40 Td (of ) Tj ET Q q 0 0 0 rg BT 178.05 250.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 223.76 250.40 Td (signed ) Tj ET Q q 0 0 0 rg BT 246.81 250.40 Td (so ) Tj ET Q q 0 0 0 rg BT 256.09 250.40 Td (far) Tj ET Q q 0 0 0 rg BT 264.65 250.40 Td (, ) Tj ET Q q 0 0 0 rg BT 268.81 250.40 Td (the ) Tj ET Q q 0 0 0 rg BT 280.74 250.40 Td (average ) Tj ET Q q 0 0 0 rg BT 307.77 250.40 Td (price ) Tj ET Q q 0 0 0 rg BT 325.92 250.40 Td (we ) Tj ET Q q 0 0 0 rg BT 337.41 250.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 360.45 250.40 Td (to ) Tj ET Q q 0 0 0 rg BT 368.84 250.40 Td (realize ) Tj ET Q q 0 0 0 rg BT 392.31 250.40 Td (on ) Tj ET Q q 0 0 0 rg BT 402.47 250.40 Td (these ) Tj ET Q q 0 0 0 rg BT 421.07 250.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 466.79 250.40 Td (during ) Tj ET Q q 0 0 0 rg BT 489.83 250.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 508.00 250.40 Td (is ) Tj ET Q q 0 0 0 rg BT 515.49 250.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 546.08 250.40 Td (to ) Tj ET Q q 0 0 0 rg BT 554.47 250.40 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 240.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 74.22 240.80 Td (to ) Tj ET Q q 0 0 0 rg BT 82.44 240.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 100.44 240.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 121.10 240.80 Td (but ) Tj ET Q q 0 0 0 rg BT 133.32 240.80 Td (below ) Tj ET Q q 0 0 0 rg BT 154.88 240.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 172.88 240.80 Td (levels ) Tj ET Q q 0 0 0 rg BT 193.54 240.80 Td (for ) Tj ET Q q 0 0 0 rg BT 204.86 240.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 242.41 240.80 Td (sold.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 225.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 225.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.74 225.20 Td (intend ) Tj ET Q q 0 0 0 rg BT 85.02 225.20 Td (to ) Tj ET Q q 0 0 0 rg BT 93.52 225.20 Td (achieve ) Tj ET Q q 0 0 0 rg BT 120.23 225.20 Td (a ) Tj ET Q q 0 0 0 rg BT 126.06 225.20 Td (better ) Tj ET Q q 0 0 0 rg BT 146.55 225.20 Td (return ) Tj ET Q q 0 0 0 rg BT 167.94 225.20 Td (on ) Tj ET Q q 0 0 0 rg BT 178.22 225.20 Td (our ) Tj ET Q q 0 0 0 rg BT 191.16 225.20 Td (content ) Tj ET Q q 0 0 0 rg BT 216.99 225.20 Td (by ) Tj ET Q q 0 0 0 rg BT 227.27 225.20 Td (char) Tj ET Q q 0 0 0 rg BT 240.89 225.20 Td (ging ) Tj ET Q q 0 0 0 rg BT 257.40 225.20 Td (higher ) Tj ET Q q 0 0 0 rg BT 280.12 225.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 308.15 225.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 323.31 225.20 Td (to ) Tj ET Q q 0 0 0 rg BT 331.82 225.20 Td (carriers ) Tj ET Q q 0 0 0 rg BT 358.08 225.20 Td (distributing ) Tj ET Q q 0 0 0 rg BT 397.25 225.20 Td (our ) Tj ET Q q 0 0 0 rg BT 410.20 225.20 Td (channels ) Tj ET Q q 0 0 0 rg BT 440.46 225.20 Td (on ) Tj ET Q q 0 0 0 rg BT 450.75 225.20 Td (their ) Tj ET Q q 0 0 0 rg BT 467.69 225.20 Td (platforms, ) Tj ET Q q 0 0 0 rg BT 502.63 225.20 Td (including ) Tj ET Q q 0 0 0 rg BT 535.13 225.20 Td (satellite, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 215.60 Td (cable ) Tj ET Q q 0 0 0 rg BT 68.92 215.60 Td (and ) Tj ET Q q 0 0 0 rg BT 82.52 215.60 Td (IPTV) Tj ET Q q 0 0 0 rg BT 99.26 215.60 Td (, ) Tj ET Q q 0 0 0 rg BT 103.31 215.60 Td (which ) Tj ET Q q 0 0 0 rg BT 124.90 215.60 Td (better ) Tj ET Q q 0 0 0 rg BT 145.16 215.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 170.74 215.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.56 215.60 Td (value ) Tj ET Q q 0 0 0 rg BT 201.93 215.60 Td (those ) Tj ET Q q 0 0 0 rg BT 220.86 215.60 Td (carriers ) Tj ET Q q 0 0 0 rg BT 246.89 215.60 Td (are ) Tj ET Q q 0 0 0 rg BT 258.70 215.60 Td (deriving ) Tj ET Q q 0 0 0 rg BT 287.40 215.60 Td (from ) Tj ET Q q 0 0 0 rg BT 305.00 215.60 Td (transmitting ) Tj ET Q q 0 0 0 rg BT 345.71 215.60 Td (our ) Tj ET Q q 0 0 0 rg BT 358.42 215.60 Td (channels. ) Tj ET Q q 0 0 0 rg BT 390.45 215.60 Td (In ) Tj ET Q q 0 0 0 rg BT 399.16 215.60 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 430.75 215.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 465.67 215.60 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 506.82 215.60 Td (with ) Tj ET Q q 0 0 0 rg BT 523.09 215.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.91 215.60 Td (majority ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 206.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.83 206.00 Td (carriers ) Tj ET Q q 0 0 0 rg BT 84.98 206.00 Td (led ) Tj ET Q q 0 0 0 rg BT 96.92 206.00 Td (to ) Tj ET Q q 0 0 0 rg BT 105.30 206.00 Td (a ) Tj ET Q q 0 0 0 rg BT 111.02 206.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 146.96 206.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 175.33 206.00 Td (in ) Tj ET Q q 0 0 0 rg BT 183.71 206.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 211.63 206.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 226.68 206.00 Td (in ) Tj ET Q q 0 0 0 rg BT 235.07 206.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 253.23 206.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 286.94 206.00 Td (to ) Tj ET Q q 0 0 0 rg BT 295.33 206.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 315.34 206.00 Td (W) Tj ET Q q 0 0 0 rg BT 322.25 206.00 Td (e ) Tj ET Q q 0 0 0 rg BT 327.96 206.00 Td (have ) Tj ET Q q 0 0 0 rg BT 345.23 206.00 Td (now ) Tj ET Q q 0 0 0 rg BT 361.18 206.00 Td (concluded ) Tj ET Q q 0 0 0 rg BT 396.22 206.00 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 437.49 206.00 Td (with ) Tj ET Q q 0 0 0 rg BT 453.88 206.00 Td (all ) Tj ET Q q 0 0 0 rg BT 464.04 206.00 Td (major ) Tj ET Q q 0 0 0 rg BT 484.86 206.00 Td (carriers ) Tj ET Q q 0 0 0 rg BT 511.01 206.00 Td (in ) Tj ET Q q 0 0 0 rg BT 519.40 206.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 550.45 206.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 196.40 Td (we ) Tj ET Q q 0 0 0 rg BT 61.41 196.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 84.37 196.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 112.21 196.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 127.18 196.40 Td (there ) Tj ET Q q 0 0 0 rg BT 145.25 196.40 Td (to ) Tj ET Q q 0 0 0 rg BT 153.56 196.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 181.84 196.40 Td (further ) Tj ET Q q 0 0 0 rg BT 205.70 196.40 Td (in ) Tj ET Q q 0 0 0 rg BT 214.00 196.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 232.09 196.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 265.71 196.40 Td (to ) Tj ET Q q 0 0 0 rg BT 274.02 196.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 294.10 196.40 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 323.73 196.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 335.58 196.40 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 376.77 196.40 Td (in ) Tj ET Q q 0 0 0 rg BT 385.08 196.40 Td (the ) Tj ET Q q 0 0 0 rg BT 396.94 196.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 419.01 196.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 449.98 196.40 Td (during ) Tj ET Q q 0 0 0 rg BT 472.95 196.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 491.03 196.40 Td (did ) Tj ET Q q 0 0 0 rg BT 503.34 196.40 Td (not ) Tj ET Q q 0 0 0 rg BT 515.65 196.40 Td (advance ) Tj ET Q q 0 0 0 rg BT 543.94 196.40 Td (to ) Tj ET Q q 0 0 0 rg BT 552.24 196.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 186.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 71.88 186.80 Td (that ) Tj ET Q q 0 0 0 rg BT 86.21 186.80 Td (we ) Tj ET Q q 0 0 0 rg BT 97.87 186.80 Td (had ) Tj ET Q q 0 0 0 rg BT 111.75 186.80 Td (expected, ) Tj ET Q q 0 0 0 rg BT 144.51 186.80 Td (and ) Tj ET Q q 0 0 0 rg BT 158.40 186.80 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 199.83 186.80 Td (will ) Tj ET Q q 0 0 0 rg BT 214.61 186.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 244.49 186.80 Td (during ) Tj ET Q q 0 0 0 rg BT 267.71 186.80 Td (2014. ) Tj ET Q q 0 0 0 rg BT 287.53 186.80 Td (Additionally) Tj ET Q q 0 0 0 rg BT 327.45 186.80 Td (, ) Tj ET Q q 0 0 0 rg BT 331.79 186.80 Td (we ) Tj ET Q q 0 0 0 rg BT 343.45 186.80 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 386.66 186.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 429.87 186.80 Td (MTV) Tj ET Q q 0 0 0 rg BT 447.50 186.80 Td ( ) Tj ET Q q 0 0 0 rg BT 449.84 186.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 472.16 186.80 Td (at ) Tj ET Q q 0 0 0 rg BT 480.26 186.80 Td (the ) Tj ET Q q 0 0 0 rg BT 492.37 186.80 Td (end ) Tj ET Q q 0 0 0 rg BT 506.25 186.80 Td (of ) Tj ET Q q 0 0 0 rg BT 515.25 186.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 535.58 186.80 Td (and ) Tj ET Q q 0 0 0 rg BT 549.47 186.80 Td (as ) Tj ET Q q 0 0 0 rg BT 558.47 186.80 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 177.20 Td (result, ) Tj ET Q q 0 0 0 rg BT 71.77 177.20 Td (carriage ) Tj ET Q q 0 0 0 rg BT 99.53 177.20 Td (fee ) Tj ET Q q 0 0 0 rg BT 111.29 177.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 141.72 177.20 Td (in ) Tj ET Q q 0 0 0 rg BT 149.95 177.20 Td (the ) Tj ET Q q 0 0 0 rg BT 161.72 177.20 Td (Czech ) Tj ET Q q 0 0 0 rg BT 183.71 177.20 Td (Republic ) Tj ET Q q 0 0 0 rg BT 214.59 177.20 Td (will ) Tj ET Q q 0 0 0 rg BT 229.04 177.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 258.57 177.20 Td (during ) Tj ET Q q 0 0 0 rg BT 281.45 177.20 Td (2014. ) Tj ET Q q 0 0 0 rg BT 301.45 177.20 Td (However) Tj ET Q q 0 0 0 rg BT 330.45 177.20 Td (, ) Tj ET Q q 0 0 0 rg BT 334.45 177.20 Td (this ) Tj ET Q q 0 0 0 rg BT 348.01 177.20 Td (will ) Tj ET Q q 0 0 0 rg BT 362.46 177.20 Td (be ) Tj ET Q q 0 0 0 rg BT 372.01 177.20 Td (more ) Tj ET Q q 0 0 0 rg BT 390.45 177.20 Td (than ) Tj ET Q q 0 0 0 rg BT 406.22 177.20 Td (of) Tj ET Q q 0 0 0 rg BT 412.74 177.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 426.29 177.20 Td (by ) Tj ET Q q 0 0 0 rg BT 436.29 177.20 Td (savings ) Tj ET Q q 0 0 0 rg BT 462.29 177.20 Td (from ) Tj ET Q q 0 0 0 rg BT 479.84 177.20 Td (the ) Tj ET Q q 0 0 0 rg BT 491.61 177.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 526.49 177.20 Td (costs.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 161.60 Td (Following ) Tj ET Q q 0 0 0 rg BT 85.01 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.89 161.60 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 139.88 161.60 Td (that ) Tj ET Q q 0 0 0 rg BT 153.99 161.60 Td (was ) Tj ET Q q 0 0 0 rg BT 168.55 161.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 203.98 161.60 Td (by ) Tj ET Q q 0 0 0 rg BT 214.09 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.98 161.60 Td (end ) Tj ET Q q 0 0 0 rg BT 239.64 161.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.42 161.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 268.54 161.60 Td (we ) Tj ET Q q 0 0 0 rg BT 279.98 161.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 302.96 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.85 161.60 Td (decentralized ) Tj ET Q q 0 0 0 rg BT 359.60 161.60 Td (or) Tj ET Q q 0 0 0 rg BT 366.12 161.60 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 407.33 161.60 Td (structure ) Tj ET Q q 0 0 0 rg BT 437.43 161.60 Td (and ) Tj ET Q q 0 0 0 rg BT 451.09 161.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 483.41 161.60 Td (ef) Tj ET Q q 0 0 0 rg BT 489.48 161.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 517.36 161.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.69 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 537.58 161.60 Td (country ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 152.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.17 152.00 Td (to ) Tj ET Q q 0 0 0 rg BT 93.23 152.00 Td (bring ) Tj ET Q q 0 0 0 rg BT 111.96 152.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 160.01 152.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 176.08 152.00 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 191.92 152.00 Td (million ) Tj ET Q q 0 0 0 rg BT 216.88 152.00 Td (of ) Tj ET Q q 0 0 0 rg BT 225.39 152.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 248.55 152.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 263.28 152.00 Td (savings ) Tj ET Q q 0 0 0 rg BT 289.13 152.00 Td (in ) Tj ET Q q 0 0 0 rg BT 297.19 152.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 315.03 152.00 Td (when ) Tj ET Q q 0 0 0 rg BT 334.21 152.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 367.59 152.00 Td (to ) Tj ET Q q 0 0 0 rg BT 375.65 152.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 395.36 152.00 Td (W) Tj ET Q q 0 0 0 rg BT 402.27 152.00 Td (e ) Tj ET Q q 0 0 0 rg BT 407.67 152.00 Td (will ) Tj ET Q q 0 0 0 rg BT 421.95 152.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 451.34 152.00 Td (to ) Tj ET Q q 0 0 0 rg BT 459.41 152.00 Td (look ) Tj ET Q q 0 0 0 rg BT 475.47 152.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.54 152.00 Td (optimize ) Tj ET Q q 0 0 0 rg BT 513.37 152.00 Td (the ) Tj ET Q q 0 0 0 rg BT 524.99 152.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 542.83 152.00 Td (of ) Tj ET Q q 0 0 0 rg BT 551.34 152.00 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 142.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.32 142.40 Td (in ) Tj ET Q q 0 0 0 rg BT 93.55 142.40 Td (2014.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.80 Td (Pending ) Tj ET Q q 0 0 0 rg BT 78.68 126.80 Td (closing ) Tj ET Q q 0 0 0 rg BT 104.25 126.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.38 126.80 Td (the ) Tj ET Q q 0 0 0 rg BT 125.61 126.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 148.97 126.80 Td (Of) Tj ET Q q 0 0 0 rg BT 157.27 126.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 178.83 126.80 Td (and ) Tj ET Q q 0 0 0 rg BT 192.84 126.80 Td (other ) Tj ET Q q 0 0 0 rg BT 211.74 126.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 244.41 126.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 285.08 126.80 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 330.64 126.80 Td (by ) Tj ET Q q 0 0 0 rg BT 341.10 126.80 Td (the ) Tj ET Q q 0 0 0 rg BT 353.33 126.80 Td (Framework ) Tj ET Q q 0 0 0 rg BT 392.13 126.80 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 432.13 126.80 Td (our ) Tj ET Q q 0 0 0 rg BT 445.25 126.80 Td (net ) Tj ET Q q 0 0 0 rg BT 457.49 126.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 473.72 126.80 Td (will ) Tj ET Q q 0 0 0 rg BT 488.63 126.80 Td (increase. ) Tj ET Q q 0 0 0 rg BT 519.12 126.80 Td (The ) Tj ET Q q 0 0 0 rg BT 534.01 126.80 Td (resulting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 117.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 73.91 117.20 Td (on ) Tj ET Q q 0 0 0 rg BT 84.05 117.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 109.74 117.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 137.64 117.20 Td (will ) Tj ET Q q 0 0 0 rg BT 152.23 117.20 Td (lar) Tj ET Q q 0 0 0 rg BT 160.52 117.20 Td (gely ) Tj ET Q q 0 0 0 rg BT 176.43 117.20 Td (of) Tj ET Q q 0 0 0 rg BT 182.95 117.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 196.64 117.20 Td (the ) Tj ET Q q 0 0 0 rg BT 208.55 117.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 239.12 117.20 Td (savings ) Tj ET Q q 0 0 0 rg BT 265.26 117.20 Td (resulting ) Tj ET Q q 0 0 0 rg BT 295.40 117.20 Td (from ) Tj ET Q q 0 0 0 rg BT 313.09 117.20 Td (the ) Tj ET Q q 0 0 0 rg BT 325.00 117.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 343.14 117.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 363.50 117.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 380.30 117.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 401.10 117.20 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 441.89 117.20 Td (and ) Tj ET Q q 0 0 0 rg BT 455.58 117.20 Td (canceled ) Tj ET Q q 0 0 0 rg BT 485.70 117.20 Td (in ) Tj ET Q q 0 0 0 rg BT 494.06 117.20 Td (June ) Tj ET Q q 0 0 0 rg BT 510.86 117.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 531.00 117.20 Td (However) Tj ET Q q 0 0 0 rg BT 560.00 117.20 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 107.60 Td (we ) Tj ET Q q 0 0 0 rg BT 61.39 107.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 84.33 107.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.06 107.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 113.34 107.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 138.96 107.60 Td (burden ) Tj ET Q q 0 0 0 rg BT 163.24 107.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.52 107.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 201.12 107.60 Td (by ) Tj ET Q q 0 0 0 rg BT 211.19 107.60 Td (up ) Tj ET Q q 0 0 0 rg BT 221.25 107.60 Td (to ) Tj ET Q q 0 0 0 rg BT 229.54 107.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 277.81 107.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 294.10 107.60 Td (43.8 ) Tj ET Q q 0 0 0 rg BT 310.17 107.60 Td (million ) Tj ET Q q 0 0 0 rg BT 335.35 107.60 Td (starting ) Tj ET Q q 0 0 0 rg BT 361.41 107.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.70 107.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 387.76 107.60 Td (because ) Tj ET Q q 0 0 0 rg BT 415.15 107.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 440.76 107.60 Td (on ) Tj ET Q q 0 0 0 rg BT 450.82 107.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.66 107.60 Td (new ) Tj ET Q q 0 0 0 rg BT 478.06 107.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 521.45 107.60 Td (will ) Tj ET Q q 0 0 0 rg BT 535.96 107.60 Td (be ) Tj ET Q q 0 0 0 rg BT 545.57 107.60 Td (paid-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 98.00 Td (in-kind. ) Tj ET Q q 0 0 0 rg BT 77.11 98.00 Td (Proceeds ) Tj ET Q q 0 0 0 rg BT 107.99 98.00 Td (from ) Tj ET Q q 0 0 0 rg BT 125.54 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 137.31 98.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 177.52 98.00 Td (will ) Tj ET Q q 0 0 0 rg BT 191.97 98.00 Td (also ) Tj ET Q q 0 0 0 rg BT 206.86 98.00 Td (be ) Tj ET Q q 0 0 0 rg BT 216.41 98.00 Td (used ) Tj ET Q q 0 0 0 rg BT 233.07 98.00 Td (to ) Tj ET Q q 0 0 0 rg BT 241.29 98.00 Td (improve ) Tj ET Q q 0 0 0 rg BT 269.95 98.00 Td (our ) Tj ET Q q 0 0 0 rg BT 282.62 98.00 Td (payables ) Tj ET Q q 0 0 0 rg BT 312.61 98.00 Td (position.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 82.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 82.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.05 82.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 77.41 82.40 Td (to ) Tj ET Q q 0 0 0 rg BT 85.21 82.40 Td (focus ) Tj ET Q q 0 0 0 rg BT 104.13 82.40 Td (on ) Tj ET Q q 0 0 0 rg BT 113.71 82.40 Td (building ) Tj ET Q q 0 0 0 rg BT 141.97 82.40 Td (our ) Tj ET Q q 0 0 0 rg BT 154.22 82.40 Td (core ) Tj ET Q q 0 0 0 rg BT 169.57 82.40 Td (television ) Tj ET Q q 0 0 0 rg BT 202.26 82.40 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 244.72 82.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 264.97 82.40 Td (in ) Tj ET Q q 0 0 0 rg BT 272.78 82.40 Td (each ) Tj ET Q q 0 0 0 rg BT 289.02 82.40 Td (country) Tj ET Q q 0 0 0 rg BT 312.94 82.40 Td (. ) Tj ET Q q 0 0 0 rg BT 316.17 82.40 Td (As ) Tj ET Q q 0 0 0 rg BT 326.65 82.40 Td (a ) Tj ET Q q 0 0 0 rg BT 331.79 82.40 Td (result, ) Tj ET Q q 0 0 0 rg BT 353.15 82.40 Td (we ) Tj ET Q q 0 0 0 rg BT 364.06 82.40 Td (have ) Tj ET Q q 0 0 0 rg BT 380.75 82.40 Td (very ) Tj ET Q q 0 0 0 rg BT 396.55 82.40 Td (recently ) Tj ET Q q 0 0 0 rg BT 423.90 82.40 Td (commenced ) Tj ET Q q 0 0 0 rg BT 464.13 82.40 Td (the ) Tj ET Q q 0 0 0 rg BT 475.49 82.40 Td (process ) Tj ET Q q 0 0 0 rg BT 501.07 82.40 Td (of ) Tj ET Q q 0 0 0 rg BT 509.32 82.40 Td (divesting ) Tj ET Q q 0 0 0 rg BT 540.24 82.40 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 72.80 Td (non-core ) Tj ET Q q 0 0 0 rg BT 80.43 72.80 Td (businesses ) Tj ET Q q 0 0 0 rg BT 116.21 72.80 Td (such ) Tj ET Q q 0 0 0 rg BT 132.88 72.80 Td (as ) Tj ET Q q 0 0 0 rg BT 141.55 72.80 Td (theatrical ) Tj ET Q q 0 0 0 rg BT 173.31 72.80 Td (and ) Tj ET Q q 0 0 0 rg BT 186.86 72.80 Td (home ) Tj ET Q q 0 0 0 rg BT 206.64 72.80 Td (video ) Tj ET Q q 0 0 0 rg BT 226.41 72.80 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 267.16 72.80 Td (While ) Tj ET Q q 0 0 0 rg BT 288.71 72.80 Td (some ) Tj ET Q q 0 0 0 rg BT 307.60 72.80 Td (of ) Tj ET Q q 0 0 0 rg BT 316.27 72.80 Td (these ) Tj ET Q q 0 0 0 rg BT 334.71 72.80 Td (businesses ) Tj ET Q q 0 0 0 rg BT 370.49 72.80 Td (have ) Tj ET Q q 0 0 0 rg BT 387.59 72.80 Td (strong ) Tj ET Q q 0 0 0 rg BT 409.60 72.80 Td (market ) Tj ET Q q 0 0 0 rg BT 433.81 72.80 Td (positions ) Tj ET Q q 0 0 0 rg BT 464.71 72.80 Td (and ) Tj ET Q q 0 0 0 rg BT 478.26 72.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.25 72.80 Td (performance, ) Tj ET Q q 0 0 0 rg BT 552.67 72.80 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 63.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 75.10 63.20 Td (the ) Tj ET Q q 0 0 0 rg BT 86.87 63.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.98 63.20 Td (is ) Tj ET Q q 0 0 0 rg BT 127.32 63.20 Td (better ) Tj ET Q q 0 0 0 rg BT 147.53 63.20 Td (served ) Tj ET Q q 0 0 0 rg BT 170.41 63.20 Td (by ) Tj ET Q q 0 0 0 rg BT 180.41 63.20 Td (a ) Tj ET Q q 0 0 0 rg BT 185.96 63.20 Td (sharper ) Tj ET Q q 0 0 0 rg BT 211.50 63.20 Td (focus ) Tj ET Q q 0 0 0 rg BT 230.83 63.20 Td (on ) Tj ET Q q 0 0 0 rg BT 240.83 63.20 Td (our ) Tj ET Q q 0 0 0 rg BT 253.49 63.20 Td (unique ) Tj ET Q q 0 0 0 rg BT 277.27 63.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 307.26 63.20 Td (of ) Tj ET Q q 0 0 0 rg BT 315.93 63.20 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 358.80 63.20 Td (assets.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (28) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (II. ) Tj ET Q q 0 0 0 rg BT 77.00 731.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 107.90 731.60 Td (of ) Tj ET Q q 0 0 0 rg BT 116.56 731.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.23 731.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 156.12 731.60 Td (of ) Tj ET Q q 0 0 0 rg BT 164.78 731.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 205.00 731.60 Td (and ) Tj ET Q q 0 0 0 rg BT 219.90 731.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 253.91 731.60 Td (Position) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 676.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 676.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 676.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 676.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 676.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 676.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 676.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 676.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 676.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 650.10 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 650.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 650.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 650.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 650.10 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 650.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 650.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 650.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 650.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 616.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 616.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 616.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 616.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 590.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 590.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 590.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 590.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 590.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 590.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 590.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 590.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 590.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 564.10 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 564.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 564.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 564.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 564.10 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 564.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 564.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 564.10 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 564.10 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 522.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 522.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 522.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 522.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 522.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 522.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 522.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 522.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 522.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 488.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 488.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 488.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 488.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 488.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 488.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 488.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 488.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 488.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 462.10 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 462.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 462.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 462.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 462.10 9.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 462.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 462.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 462.10 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 462.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 462.10 46.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 702.1 m 206.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 702.1 m 210.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 702.1 m 256.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 702.1 m 260.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 702.1 m 306.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 702.1 m 310.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 702.1 m 356.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 702.1 m 365.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 702.1 m 411.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 702.1 m 415.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 702.1 m 461.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 702.1 m 465.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 702.1 m 511.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 702.1 m 515.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 702.1 m 561.5 702.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 689.1 m 306.5 689.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 689.1 m 310.5 689.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 689.1 m 356.5 689.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 689.1 m 511.5 689.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 689.1 m 515.5 689.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 689.1 m 561.5 689.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 676.1 m 206.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 676.1 m 256.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 676.1 m 306.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 676.1 m 356.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 676.1 m 411.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 676.1 m 461.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 676.1 m 511.5 676.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 676.1 m 561.5 676.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 616.1 m 206.5 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 616.1 m 256.5 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 616.1 m 411.5 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 616.1 m 461.5 616.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 522.1 m 206.5 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 522.1 m 256.5 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 522.1 m 411.5 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 522.1 m 461.5 522.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 462.1 m 206.5 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 450.1 m 206.5 450.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 448.1 m 206.5 448.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 462.1 m 256.5 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 450.1 m 256.5 450.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 448.1 m 256.5 448.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 462.1 m 411.5 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 450.1 m 411.5 450.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 448.1 m 411.5 448.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 462.1 m 461.5 462.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 450.1 m 461.5 450.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 448.1 m 461.5 448.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 706.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.05 706.33 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 693.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 693.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 693.35 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 290.65 693.33 Td (Movement) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 495.65 693.33 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 680.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 680.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.00 680.33 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.50 680.33 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 334.55 680.33 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.00 680.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.40 680.33 Td (2011) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.50 680.33 Td (% Act) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 539.55 680.33 Td (% Lfl) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 667.33 Td (Revenue:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 654.35 Td (Television advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 654.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 654.35 Td (528,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 654.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 654.35 Td (616,233) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 654.35 Td (\(14.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 654.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 654.35 Td (\(15.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 654.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 654.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 654.35 Td (616,233) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 654.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 654.35 Td (719,257) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 654.35 Td (\(14.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 654.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.95 654.35 Td (\(5.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 654.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 641.35 Td (Carriage fees and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 633.35 Td (subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 633.35 Td (58,990) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 633.35 Td (43,357) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 633.35 Td (36.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 633.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 633.35 Td (32.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 633.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 633.35 Td (43,357) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 633.35 Td (39,576) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.65 633.35 Td (9.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 633.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 633.35 Td (22.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 633.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 620.35 Td (Other revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 620.35 Td (103,266) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 620.35 Td (112,495) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.95 620.35 Td (\(8.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 620.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 620.35 Td (\(10.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 620.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 620.35 Td (112,495) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 620.35 Td (105,949) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.65 620.35 Td (6.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 620.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 620.35 Td (18.1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 620.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 607.33 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.99 607.33 Td (Revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.25 607.33 Td (691,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 607.33 Td (772,085) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 279.95 607.33 Td (\(10.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 296.65 607.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 329.95 607.33 Td (\(11.9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.65 607.33 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 607.33 Td (772,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 607.33 Td (864,782) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 484.95 607.33 Td (\(10.7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 607.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 538.95 607.33 Td (\(1.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 551.65 607.33 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 594.33 Td (Operating expenses:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 581.35 Td (Content costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 581.35 Td (427,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 581.35 Td (368,256) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.65 581.35 Td (16.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 581.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 332.65 581.35 Td (13.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 581.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 581.35 Td (368,256) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 581.35 Td (393,463) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.95 581.35 Td (\(6.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 581.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 541.65 581.35 Td (3.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 581.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 568.35 Td (Other operating costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 568.35 Td (140,898) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 568.35 Td (139,035) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 568.35 Td (1.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 568.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.95 568.35 Td (\(0.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 568.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 568.35 Td (139,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 568.35 Td (133,183) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 491.65 568.35 Td (4.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 568.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 568.35 Td (15.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 568.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 555.35 Td (Depreciation of property, plant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 547.35 Td (and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 547.35 Td (40,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 547.35 Td (44,498) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.95 547.35 Td (\(8.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 547.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 547.35 Td (\(10.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 547.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 547.35 Td (44,498) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 547.35 Td (56,581) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 547.35 Td (\(21.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 547.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 534.95 547.35 Td (\(13.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 547.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 534.35 Td (Amortization of broadcast) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 526.35 Td (licenses and other intangibles) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 526.35 Td (16,219) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 526.35 Td (46,627) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 526.35 Td (\(65.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 526.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 526.35 Td (\(65.9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 526.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 526.35 Td (46,627) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 526.35 Td (34,881) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.65 526.35 Td (33.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 504.30 526.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.65 526.35 Td (45.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 554.30 526.35 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 513.33 Td (Cost ) Tj ET Q q 0 0 0 rg BT 69.55 513.33 Td (of ) Tj ET Q q 0 0 0 rg BT 78.22 513.33 Td (r) Tj ET Q q 0 0 0 rg BT 81.70 513.33 Td (evenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 177.25 513.33 Td (625,659) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 227.25 513.33 Td (598,416) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.65 513.33 Td (4.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 513.33 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 336.65 513.33 Td (2.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.25 513.33 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.25 513.33 Td (598,416) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.25 513.33 Td (618,108) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 488.95 513.33 Td (\(3.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 501.65 513.33 Td (\)%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 541.65 513.33 Td (6.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 554.30 513.33 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 500.35 Td (Selling, general and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 492.35 Td (administrative expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.25 492.35 Td (150,220) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 492.35 Td (139,372) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 286.65 492.35 Td (7.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 299.30 492.35 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.65 492.35 Td (6.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 349.25 492.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 492.35 Td (139,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.25 492.35 Td (171,134) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 484.95 492.35 Td (\(18.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.65 492.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 534.95 492.35 Td (\(11.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 551.65 492.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 479.35 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 103.55 479.35 Td (costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 479.35 Td (18,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.30 479.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 283.80 479.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 296.91 482.97 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 333.80 479.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 346.91 482.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.30 479.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 479.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.50 479.35 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 544.50 479.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 466.35 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 97.32 466.35 Td (char) Tj ET Q q 0 0 0 rg BT 110.94 466.35 Td (ge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.25 466.35 Td (79,676) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 466.35 Td (522,490) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 279.95 466.35 Td (\(84.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.65 466.35 Td (\)%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.95 466.35 Td (\(84.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.65 466.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.25 466.35 Td (522,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 466.35 Td (68,748) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 488.80 466.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 501.91 469.97 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 538.80 466.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 551.91 469.97 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 453.33 Td (Operating ) Tj ET Q q 0 0 0 rg BT 89.11 453.33 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 108.89 453.33 Td (/ ) Tj ET Q q 0 0 0 rg BT 113.11 453.33 Td (income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 163.00 453.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 174.60 453.33 Td (\(183,121) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.30 453.33 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.00 453.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.60 453.33 Td (\(488,193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.30 453.33 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 282.65 453.33 Td (62.5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 299.30 453.33 Td (%) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 332.65 453.33 Td (62.6) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 349.25 453.33 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.00 453.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.60 453.33 Td (\(488,193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.30 453.33 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.00 453.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.25 453.33 Td (6,792) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 487.90 453.33 Td (Nm ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 501.90 456.96 Td (\(1\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 537.90 453.33 Td (Nm ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 551.90 456.96 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 440.00 Td (\(1\) Number is not meaningful.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 424.40 Td (T) Tj ET Q q 0 0 0 rg BT 54.60 424.40 Td (elevision ) Tj ET Q q 0 0 0 rg BT 85.76 424.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 125.82 424.40 Td (r) Tj ET Q q 0 0 0 rg BT 129.22 424.40 Td (evenues:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.55 424.40 Td ( ) Tj ET Q q 0 0 0 rg BT 160.38 424.40 Td (On ) Tj ET Q q 0 0 0 rg BT 171.99 424.40 Td (a ) Tj ET Q q 0 0 0 rg BT 177.37 424.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 205.86 424.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 235.67 424.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 255.50 424.40 Td (television ) Tj ET Q q 0 0 0 rg BT 288.44 424.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 325.81 424.40 Td (spending ) Tj ET Q q 0 0 0 rg BT 356.53 424.40 Td (in ) Tj ET Q q 0 0 0 rg BT 364.58 424.40 Td (our ) Tj ET Q q 0 0 0 rg BT 377.08 424.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 404.23 424.40 Td (declined ) Tj ET Q q 0 0 0 rg BT 433.16 424.40 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.99 424.40 Td (7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.65 424.40 Td ( ) Tj ET Q q 0 0 0 rg BT 455.48 424.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.54 424.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.54 424.40 Td ( ) Tj ET Q q 0 0 0 rg BT 481.37 424.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 514.73 424.40 Td (to ) Tj ET Q q 0 0 0 rg BT 522.79 424.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 540.62 424.40 Td (and ) Tj ET Q q 0 0 0 rg BT 554.00 424.40 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 414.80 Td (6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.66 414.80 Td ( ) Tj ET Q q 0 0 0 rg BT 62.12 414.80 Td (in ) Tj ET Q q 0 0 0 rg BT 69.79 414.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 87.24 414.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 120.23 414.80 Td (to ) Tj ET Q q 0 0 0 rg BT 127.90 414.80 Td (201) Tj ET Q q 0 0 0 rg BT 139.61 414.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 147.06 414.80 Td (adversely ) Tj ET Q q 0 0 0 rg BT 179.16 414.80 Td (impacting ) Tj ET Q q 0 0 0 rg BT 212.61 414.80 Td (our ) Tj ET Q q 0 0 0 rg BT 224.72 414.80 Td (television ) Tj ET Q q 0 0 0 rg BT 257.28 414.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 294.28 414.80 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 326.16 414.80 Td (See ) Tj ET Q q 0 0 0 rg BT 339.16 414.80 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 371.87 414.80 Td (Performance" ) Tj ET Q q 0 0 0 rg BT 417.46 414.80 Td (above ) Tj ET Q q 0 0 0 rg BT 438.01 414.80 Td (for ) Tj ET Q q 0 0 0 rg BT 448.79 414.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 482.23 414.80 Td (information ) Tj ET Q q 0 0 0 rg BT 521.45 414.80 Td (on ) Tj ET Q q 0 0 0 rg BT 530.90 414.80 Td (television ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 405.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.55 405.20 Td (revenues.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 389.60 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 82.68 389.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 97.58 389.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.51 389.60 Td (subscriptions:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.52 389.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.55 389.60 Td (On ) Tj ET Q q 0 0 0 rg BT 174.35 389.60 Td (a ) Tj ET Q q 0 0 0 rg BT 179.93 389.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 208.61 389.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 238.62 389.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 258.65 389.60 Td (carriage ) Tj ET Q q 0 0 0 rg BT 286.43 389.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 301.33 389.60 Td (and ) Tj ET Q q 0 0 0 rg BT 314.91 389.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 359.16 389.60 Td (revenue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.50 389.60 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.71 389.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.73 389.60 Td (33%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.40 389.60 Td ( ) Tj ET Q q 0 0 0 rg BT 435.42 389.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.67 389.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.67 389.60 Td ( ) Tj ET Q q 0 0 0 rg BT 461.70 389.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 495.26 389.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.51 389.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.51 389.60 Td (, ) Tj ET Q q 0 0 0 rg BT 523.54 389.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 555.33 389.60 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 380.00 Td (a ) Tj ET Q q 0 0 0 rg BT 56.00 380.00 Td (result ) Tj ET Q q 0 0 0 rg BT 76.22 380.00 Td (of ) Tj ET Q q 0 0 0 rg BT 85.33 380.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 117.98 380.00 Td (carriage ) Tj ET Q q 0 0 0 rg BT 146.18 380.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 158.39 380.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 183.50 380.00 Td (in ) Tj ET Q q 0 0 0 rg BT 192.16 380.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 222.16 380.00 Td (and ) Tj ET Q q 0 0 0 rg BT 236.15 380.00 Td (Romania. ) Tj ET Q q 0 0 0 rg BT 269.48 380.00 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 299.47 380.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 314.79 380.00 Td (and ) Tj ET Q q 0 0 0 rg BT 328.79 380.00 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 373.46 380.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 401.22 380.00 Td (increased ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.87 380.00 Td (23%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.54 380.00 Td ( ) Tj ET Q q 0 0 0 rg BT 450.98 380.00 Td (in ) Tj ET Q q 0 0 0 rg BT 459.65 380.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 478.10 380.00 Td (as ) Tj ET Q q 0 0 0 rg BT 487.21 380.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 521.19 380.00 Td (to ) Tj ET Q q 0 0 0 rg BT 529.86 380.00 Td (201) Tj ET Q q 0 0 0 rg BT 541.57 380.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 548.01 380.00 Td (on ) Tj ET Q q 0 0 0 rg BT 558.46 380.00 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 370.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 79.54 370.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 110.39 370.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 131.27 370.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 163.92 370.40 Td (due ) Tj ET Q q 0 0 0 rg BT 178.35 370.40 Td (to ) Tj ET Q q 0 0 0 rg BT 187.45 370.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 220.53 370.40 Td (subscribers ) Tj ET Q q 0 0 0 rg BT 259.39 370.40 Td (to ) Tj ET Q q 0 0 0 rg BT 268.29 370.40 Td (V) Tj ET Q q 0 0 0 rg BT 273.03 370.40 Td (oyo. ) Tj ET Q q 0 0 0 rg BT 289.91 370.40 Td (See ) Tj ET Q q 0 0 0 rg BT 304.34 370.40 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 338.48 370.40 Td (Performance" ) Tj ET Q q 0 0 0 rg BT 385.49 370.40 Td (above ) Tj ET Q q 0 0 0 rg BT 407.46 370.40 Td (for ) Tj ET Q q 0 0 0 rg BT 419.67 370.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 454.54 370.40 Td (information ) Tj ET Q q 0 0 0 rg BT 495.18 370.40 Td (on ) Tj ET Q q 0 0 0 rg BT 506.06 370.40 Td (carriage ) Tj ET Q q 0 0 0 rg BT 534.69 370.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 550.45 370.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 360.80 Td (subscription ) Tj ET Q q 0 0 0 rg BT 91.11 360.80 Td (revenues.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 345.20 Td (Other) Tj ET Q q 0 0 0 rg BT 70.29 345.20 Td ( ) Tj ET Q q 0 0 0 rg BT 72.14 345.20 Td (r) Tj ET Q q 0 0 0 rg BT 75.54 345.20 Td (evenues:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.87 345.20 Td ( ) Tj ET Q q 0 0 0 rg BT 106.72 345.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 126.78 345.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 157.05 345.20 Td (include ) Tj ET Q q 0 0 0 rg BT 182.45 345.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 214.06 345.20 Td (internet ) Tj ET Q q 0 0 0 rg BT 240.34 345.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 277.73 345.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.13 345.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 329.87 345.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 362.14 345.20 Td (On ) Tj ET Q q 0 0 0 rg BT 373.77 345.20 Td (a ) Tj ET Q q 0 0 0 rg BT 379.16 345.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 407.67 345.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 437.49 345.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 457.34 345.20 Td (other ) Tj ET Q q 0 0 0 rg BT 475.62 345.20 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.90 345.20 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.43 345.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.28 345.20 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.94 345.20 Td ( ) Tj ET Q q 0 0 0 rg BT 555.79 345.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 335.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 335.60 Td ( ) Tj ET Q q 0 0 0 rg BT 68.21 335.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 101.96 335.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 110.39 335.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.39 335.60 Td (, ) Tj ET Q q 0 0 0 rg BT 130.60 335.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 162.58 335.60 Td (due ) Tj ET Q q 0 0 0 rg BT 176.34 335.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.77 335.60 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 335.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 235.85 335.60 Td (of ) Tj ET Q q 0 0 0 rg BT 244.72 335.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 268.69 335.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 307.79 335.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 346.43 335.60 Td (of ) Tj ET Q q 0 0 0 rg BT 355.30 335.60 Td (Bontonfilm. ) Tj ET Q q 0 0 0 rg BT 396.24 335.60 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.89 335.60 Td (18%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.56 335.60 Td ( ) Tj ET Q q 0 0 0 rg BT 427.77 335.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 456.18 335.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.61 335.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 482.82 335.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.57 335.60 Td (to ) Tj ET Q q 0 0 0 rg BT 525.00 335.60 Td (201) Tj ET Q q 0 0 0 rg BT 536.71 335.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 542.92 335.60 Td (is ) Tj ET Q q 0 0 0 rg BT 550.46 335.60 Td (due ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 326.00 Td (full ) Tj ET Q q 0 0 0 rg BT 74.88 326.00 Td (year ) Tj ET Q q 0 0 0 rg BT 90.65 326.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 114.42 326.00 Td (of ) Tj ET Q q 0 0 0 rg BT 123.08 326.00 Td (Bontonfilm ) Tj ET Q q 0 0 0 rg BT 161.97 326.00 Td (in ) Tj ET Q q 0 0 0 rg BT 170.20 326.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 190.20 326.00 Td (following ) Tj ET Q q 0 0 0 rg BT 223.30 326.00 Td (its ) Tj ET Q q 0 0 0 rg BT 232.86 326.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 269.97 326.00 Td (in ) Tj ET Q q 0 0 0 rg BT 278.19 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 289.96 326.00 Td (middle ) Tj ET Q q 0 0 0 rg BT 314.18 326.00 Td (of ) Tj ET Q q 0 0 0 rg BT 322.85 326.00 Td (201) Tj ET Q q 0 0 0 rg BT 334.55 326.00 Td (1.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 310.40 Td (Cost ) Tj ET Q q 0 0 0 rg BT 67.60 310.40 Td (of ) Tj ET Q q 0 0 0 rg BT 76.30 310.40 Td (r) Tj ET Q q 0 0 0 rg BT 79.71 310.40 Td (evenues:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.04 310.40 Td ( ) Tj ET Q q 0 0 0 rg BT 111.08 310.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 125.57 310.40 Td (total ) Tj ET Q q 0 0 0 rg BT 141.83 310.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 156.76 310.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.46 310.40 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.94 310.40 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.14 310.40 Td ( ) Tj ET Q q 0 0 0 rg BT 228.18 310.40 Td (by ) Tj ET Q q 0 0 0 rg BT 238.23 310.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.50 310.40 Td (27.2 ) Tj ET Q q 0 0 0 rg BT 270.54 310.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.65 310.40 Td (, ) Tj ET Q q 0 0 0 rg BT 297.70 310.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.40 310.40 Td (5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.07 310.40 Td (, ) Tj ET Q q 0 0 0 rg BT 321.11 310.40 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.04 310.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.04 310.40 Td ( ) Tj ET Q q 0 0 0 rg BT 362.08 310.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 395.66 310.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.93 310.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.93 310.40 Td (. ) Tj ET Q q 0 0 0 rg BT 423.97 310.40 Td (On ) Tj ET Q q 0 0 0 rg BT 435.79 310.40 Td (a ) Tj ET Q q 0 0 0 rg BT 441.39 310.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 470.09 310.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 500.11 310.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 520.16 310.40 Td (our ) Tj ET Q q 0 0 0 rg BT 532.86 310.40 Td (total ) Tj ET Q q 0 0 0 rg BT 549.13 310.40 Td (cost ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 300.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.34 300.80 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.46 300.80 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.66 300.80 Td ( ) Tj ET Q q 0 0 0 rg BT 120.34 300.80 Td (by ) Tj ET Q q 0 0 0 rg BT 130.02 300.80 Td (3% ) Tj ET Q q 0 0 0 rg BT 142.36 300.80 Td (during ) Tj ET Q q 0 0 0 rg BT 164.93 300.80 Td (the ) Tj ET Q q 0 0 0 rg BT 176.39 300.80 Td (period ) Tj ET Q q 0 0 0 rg BT 198.50 300.80 Td (due ) Tj ET Q q 0 0 0 rg BT 211.74 300.80 Td (to ) Tj ET Q q 0 0 0 rg BT 219.64 300.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 251.52 300.80 Td (content ) Tj ET Q q 0 0 0 rg BT 276.75 300.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 294.43 300.80 Td (as ) Tj ET Q q 0 0 0 rg BT 302.78 300.80 Td (a ) Tj ET Q q 0 0 0 rg BT 308.01 300.80 Td (result ) Tj ET Q q 0 0 0 rg BT 327.46 300.80 Td (of ) Tj ET Q q 0 0 0 rg BT 335.81 300.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 381.03 300.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 419.59 300.80 Td (char) Tj ET Q q 0 0 0 rg BT 433.21 300.80 Td (ges, ) Tj ET Q q 0 0 0 rg BT 447.56 300.80 Td (which ) Tj ET Q q 0 0 0 rg BT 468.79 300.80 Td (were ) Tj ET Q q 0 0 0 rg BT 486.01 300.80 Td (of) Tj ET Q q 0 0 0 rg BT 492.53 300.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 505.76 300.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 534.10 300.80 Td (by ) Tj ET Q q 0 0 0 rg BT 543.78 300.80 Td (lower ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 291.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 92.31 291.20 Td (of ) Tj ET Q q 0 0 0 rg BT 100.86 291.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 133.39 291.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 160.59 291.20 Td (and ) Tj ET Q q 0 0 0 rg BT 174.03 291.20 Td (other ) Tj ET Q q 0 0 0 rg BT 192.34 291.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 226.22 291.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 246.76 291.20 Td (following ) Tj ET Q q 0 0 0 rg BT 279.75 291.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.41 291.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 330.17 291.20 Td (of ) Tj ET Q q 0 0 0 rg BT 338.71 291.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 362.35 291.20 Td (of ) Tj ET Q q 0 0 0 rg BT 370.90 291.20 Td (our ) Tj ET Q q 0 0 0 rg BT 383.44 291.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 415.98 291.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 443.18 291.20 Td (and ) Tj ET Q q 0 0 0 rg BT 456.61 291.20 Td (other ) Tj ET Q q 0 0 0 rg BT 474.93 291.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 508.80 291.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 529.35 291.20 Td (in ) Tj ET Q q 0 0 0 rg BT 537.45 291.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 555.33 291.20 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 281.60 Td (well ) Tj ET Q q 0 0 0 rg BT 65.77 281.60 Td (as ) Tj ET Q q 0 0 0 rg BT 74.44 281.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 94.65 281.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 136.19 281.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.85 281.60 Td (property) Tj ET Q q 0 0 0 rg BT 171.43 281.60 Td (, ) Tj ET Q q 0 0 0 rg BT 175.43 281.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 193.43 281.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.98 281.60 Td (equipment.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 266.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.49 266.00 Td (total ) Tj ET Q q 0 0 0 rg BT 80.76 266.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 95.70 266.00 Td (of ) Tj ET Q q 0 0 0 rg BT 104.41 266.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 134.89 266.00 Td (for ) Tj ET Q q 0 0 0 rg BT 146.27 266.00 Td (2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.32 266.00 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.85 266.00 Td ( ) Tj ET Q q 0 0 0 rg BT 197.90 266.00 Td (by ) Tj ET Q q 0 0 0 rg BT 207.95 266.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.22 266.00 Td (19.7 ) Tj ET Q q 0 0 0 rg BT 240.27 266.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.39 266.00 Td (, ) Tj ET Q q 0 0 0 rg BT 267.44 266.00 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.15 266.00 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.82 266.00 Td (, ) Tj ET Q q 0 0 0 rg BT 290.87 266.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 324.45 266.00 Td (to ) Tj ET Q q 0 0 0 rg BT 332.73 266.00 Td (201) Tj ET Q q 0 0 0 rg BT 344.43 266.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 352.48 266.00 Td (On ) Tj ET Q q 0 0 0 rg BT 364.31 266.00 Td (a ) Tj ET Q q 0 0 0 rg BT 369.91 266.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 398.62 266.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 428.65 266.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 448.70 266.00 Td (our ) Tj ET Q q 0 0 0 rg BT 461.41 266.00 Td (total ) Tj ET Q q 0 0 0 rg BT 477.68 266.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 492.62 266.00 Td (of ) Tj ET Q q 0 0 0 rg BT 501.33 266.00 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.81 266.00 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.01 266.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 256.40 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.85 256.40 Td (7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.51 256.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.36 256.40 Td (during ) Tj ET Q q 0 0 0 rg BT 95.09 256.40 Td (the ) Tj ET Q q 0 0 0 rg BT 106.71 256.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 130.99 256.40 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 163.48 256.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.53 256.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 227.59 256.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 247.44 256.40 Td (content ) Tj ET Q q 0 0 0 rg BT 272.83 256.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.67 256.40 Td (and ) Tj ET Q q 0 0 0 rg BT 304.07 256.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 346.35 256.40 Td (of ) Tj ET Q q 0 0 0 rg BT 354.86 256.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 387.35 256.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 414.52 256.40 Td (and ) Tj ET Q q 0 0 0 rg BT 427.92 256.40 Td (other ) Tj ET Q q 0 0 0 rg BT 446.20 256.40 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 483.15 256.40 Td (following ) Tj ET Q q 0 0 0 rg BT 516.11 256.40 Td (the ) Tj ET Q q 0 0 0 rg BT 527.73 256.40 Td (revision ) Tj ET Q q 0 0 0 rg BT 555.35 256.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 246.80 Td (our ) Tj ET Q q 0 0 0 rg BT 62.08 246.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 90.15 246.80 Td (of ) Tj ET Q q 0 0 0 rg BT 98.23 246.80 Td (the ) Tj ET Q q 0 0 0 rg BT 109.42 246.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 143.27 246.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 164.24 246.80 Td (life ) Tj ET Q q 0 0 0 rg BT 176.31 246.80 Td (of ) Tj ET Q q 0 0 0 rg BT 184.39 246.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 207.57 246.80 Td (of ) Tj ET Q q 0 0 0 rg BT 215.65 246.80 Td (our ) Tj ET Q q 0 0 0 rg BT 227.73 246.80 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 259.80 246.80 Td (licenses ) Tj ET Q q 0 0 0 rg BT 286.54 246.80 Td (as ) Tj ET Q q 0 0 0 rg BT 294.62 246.80 Td (of ) Tj ET Q q 0 0 0 rg BT 302.70 246.80 Td (January ) Tj ET Q q 0 0 0 rg BT 329.00 246.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 336.41 246.80 Td (2012. ) Tj ET Q q 0 0 0 rg BT 355.73 246.80 Td (These ) Tj ET Q q 0 0 0 rg BT 376.24 246.80 Td (increases ) Tj ET Q q 0 0 0 rg BT 406.98 246.80 Td (were ) Tj ET Q q 0 0 0 rg BT 423.93 246.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 452.01 246.80 Td (of) Tj ET Q q 0 0 0 rg BT 458.53 246.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 471.49 246.80 Td (by ) Tj ET Q q 0 0 0 rg BT 480.91 246.80 Td (a ) Tj ET Q q 0 0 0 rg BT 485.88 246.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 514.82 246.80 Td (in ) Tj ET Q q 0 0 0 rg BT 522.46 246.80 Td (depreciation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 237.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 237.20 Td (property) Tj ET Q q 0 0 0 rg BT 85.25 237.20 Td (, ) Tj ET Q q 0 0 0 rg BT 89.25 237.20 Td (plant ) Tj ET Q q 0 0 0 rg BT 107.24 237.20 Td (and ) Tj ET Q q 0 0 0 rg BT 120.79 237.20 Td (equipment.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 221.60 Td (Content ) Tj ET Q q 0 0 0 rg BT 79.08 221.60 Td (costs:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.19 221.60 Td (Content ) Tj ET Q q 0 0 0 rg BT 127.05 221.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.58 221.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 178.99 221.60 Td (production ) Tj ET Q q 0 0 0 rg BT 215.18 221.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.71 221.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.78 221.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 287.74 221.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.93 221.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 341.01 221.60 Td (rights\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.42 221.60 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.63 221.60 Td ( ) Tj ET Q q 0 0 0 rg BT 395.16 221.60 Td (by ) Tj ET Q q 0 0 0 rg BT 404.68 221.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.44 221.60 Td (59.5 ) Tj ET Q q 0 0 0 rg BT 435.97 221.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.08 221.60 Td ( ) Tj ET Q q 0 0 0 rg BT 460.61 221.60 Td (, ) Tj ET Q q 0 0 0 rg BT 464.14 221.60 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.33 221.60 Td (16%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.99 221.60 Td (, ) Tj ET Q q 0 0 0 rg BT 490.52 221.60 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.94 221.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.94 221.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.47 221.60 Td (compared ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 212.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.26 212.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.26 212.00 Td (. ) Tj ET Q q 0 0 0 rg BT 78.30 212.00 Td (On ) Tj ET Q q 0 0 0 rg BT 90.12 212.00 Td (a ) Tj ET Q q 0 0 0 rg BT 95.71 212.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 124.41 212.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 154.43 212.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 174.47 212.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.29 212.00 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.49 212.00 Td ( ) Tj ET Q q 0 0 0 rg BT 214.53 212.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.23 212.00 Td (14%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.90 212.00 Td ( ) Tj ET Q q 0 0 0 rg BT 239.94 212.00 Td (reflects ) Tj ET Q q 0 0 0 rg BT 265.52 212.00 Td (char) Tj ET Q q 0 0 0 rg BT 279.14 212.00 Td (ges ) Tj ET Q q 0 0 0 rg BT 291.84 212.00 Td (to ) Tj ET Q q 0 0 0 rg BT 300.10 212.00 Td (write ) Tj ET Q q 0 0 0 rg BT 318.58 212.00 Td (down ) Tj ET Q q 0 0 0 rg BT 338.40 212.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 362.20 212.00 Td (programming ) Tj ET Q q 0 0 0 rg BT 407.79 212.00 Td (to ) Tj ET Q q 0 0 0 rg BT 416.05 212.00 Td (its ) Tj ET Q q 0 0 0 rg BT 425.65 212.00 Td (net ) Tj ET Q q 0 0 0 rg BT 437.46 212.00 Td (realizable ) Tj ET Q q 0 0 0 rg BT 470.59 212.00 Td (value ) Tj ET Q q 0 0 0 rg BT 489.95 212.00 Td (following ) Tj ET Q q 0 0 0 rg BT 523.10 212.00 Td (our ) Tj ET Q q 0 0 0 rg BT 535.81 212.00 Td (periodic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 202.40 Td (review ) Tj ET Q q 0 0 0 rg BT 74.02 202.40 Td (of ) Tj ET Q q 0 0 0 rg BT 82.94 202.40 Td (the ) Tj ET Q q 0 0 0 rg BT 94.96 202.40 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 141.64 202.40 Td (of ) Tj ET Q q 0 0 0 rg BT 150.56 202.40 Td (our ) Tj ET Q q 0 0 0 rg BT 163.48 202.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 209.28 202.40 Td (library ) Tj ET Q q 0 0 0 rg BT 232.86 202.40 Td (across ) Tj ET Q q 0 0 0 rg BT 255.10 202.40 Td (our ) Tj ET Q q 0 0 0 rg BT 268.02 202.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 300.48 202.40 Td (segments. ) Tj ET Q q 0 0 0 rg BT 334.35 202.40 Td (W) Tj ET Q q 0 0 0 rg BT 341.26 202.40 Td (e ) Tj ET Q q 0 0 0 rg BT 347.06 202.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 377.30 202.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 423.10 202.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 462.23 202.40 Td (char) Tj ET Q q 0 0 0 rg BT 475.85 202.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 488.77 202.40 Td (of ) Tj ET Q q 0 0 0 rg BT 497.69 202.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.17 202.40 Td (60.4 ) Tj ET Q q 0 0 0 rg BT 530.42 202.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.54 202.40 Td ( ) Tj ET Q q 0 0 0 rg BT 555.79 202.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 192.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 67.76 192.80 Td (as ) Tj ET Q q 0 0 0 rg BT 76.18 192.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 109.48 192.80 Td (to ) Tj ET Q q 0 0 0 rg BT 117.46 192.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 133.45 192.80 Td (18.6 ) Tj ET Q q 0 0 0 rg BT 149.21 192.80 Td (million ) Tj ET Q q 0 0 0 rg BT 174.08 192.80 Td (in ) Tj ET Q q 0 0 0 rg BT 182.06 192.80 Td (2012. ) Tj ET Q q 0 0 0 rg BT 201.69 192.80 Td (The ) Tj ET Q q 0 0 0 rg BT 215.89 192.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 261.19 192.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 299.83 192.80 Td (char) Tj ET Q q 0 0 0 rg BT 313.45 192.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 325.87 192.80 Td (relate ) Tj ET Q q 0 0 0 rg BT 345.39 192.80 Td (to ) Tj ET Q q 0 0 0 rg BT 353.38 192.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 378.24 192.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 407.53 192.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 452.84 192.80 Td (for ) Tj ET Q q 0 0 0 rg BT 463.93 192.80 Td (which ) Tj ET Q q 0 0 0 rg BT 485.24 192.80 Td (we ) Tj ET Q q 0 0 0 rg BT 496.32 192.80 Td (were ) Tj ET Q q 0 0 0 rg BT 513.63 192.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 536.71 192.80 Td (to ) Tj ET Q q 0 0 0 rg BT 544.69 192.80 Td (agree ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 183.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 68.07 183.20 Td (extensions ) Tj ET Q q 0 0 0 rg BT 103.92 183.20 Td (with ) Tj ET Q q 0 0 0 rg BT 120.22 183.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.07 183.20 Td (content ) Tj ET Q q 0 0 0 rg BT 157.69 183.20 Td (providers, ) Tj ET Q q 0 0 0 rg BT 191.98 183.20 Td (and ) Tj ET Q q 0 0 0 rg BT 205.60 183.20 Td (which ) Tj ET Q q 0 0 0 rg BT 227.23 183.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 250.63 183.20 Td (be ) Tj ET Q q 0 0 0 rg BT 260.25 183.20 Td (profitably ) Tj ET Q q 0 0 0 rg BT 293.87 183.20 Td (exploited ) Tj ET Q q 0 0 0 rg BT 325.71 183.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 343.34 183.20 Td (to ) Tj ET Q q 0 0 0 rg BT 351.64 183.20 Td (the ) Tj ET Q q 0 0 0 rg BT 363.48 183.20 Td (expiration ) Tj ET Q q 0 0 0 rg BT 397.99 183.20 Td (date, ) Tj ET Q q 0 0 0 rg BT 415.39 183.20 Td (as ) Tj ET Q q 0 0 0 rg BT 424.13 183.20 Td (well ) Tj ET Q q 0 0 0 rg BT 439.98 183.20 Td (as ) Tj ET Q q 0 0 0 rg BT 448.71 183.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 472.55 183.20 Td (own-produced ) Tj ET Q q 0 0 0 rg BT 520.83 183.20 Td (local ) Tj ET Q q 0 0 0 rg BT 538.45 183.20 Td (content ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 173.60 Td (which ) Tj ET Q q 0 0 0 rg BT 71.55 173.60 Td (is ) Tj ET Q q 0 0 0 rg BT 78.89 173.60 Td (no ) Tj ET Q q 0 0 0 rg BT 88.89 173.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 111.32 173.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 138.20 173.60 Td (to ) Tj ET Q q 0 0 0 rg BT 146.42 173.60 Td (be ) Tj ET Q q 0 0 0 rg BT 155.97 173.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 195.28 173.60 Td (due ) Tj ET Q q 0 0 0 rg BT 208.83 173.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.05 173.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 244.82 173.60 Td (in ) Tj ET Q q 0 0 0 rg BT 253.04 173.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.81 173.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 304.58 173.60 Td (landscape ) Tj ET Q q 0 0 0 rg BT 338.12 173.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.67 173.60 Td (our ) Tj ET Q q 0 0 0 rg BT 364.33 173.60 Td (new ) Tj ET Q q 0 0 0 rg BT 379.66 173.60 Td (management's ) Tj ET Q q 0 0 0 rg BT 427.09 173.60 Td (content ) Tj ET Q q 0 0 0 rg BT 452.63 173.60 Td (strategy) Tj ET Q q 0 0 0 rg BT 477.44 173.60 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 158.00 Td (Content ) Tj ET Q q 0 0 0 rg BT 77.34 158.00 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.35 158.00 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.88 158.00 Td ( ) Tj ET Q q 0 0 0 rg BT 128.89 158.00 Td (by ) Tj ET Q q 0 0 0 rg BT 138.89 158.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 155.13 158.00 Td (25.2 ) Tj ET Q q 0 0 0 rg BT 171.14 158.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.25 158.00 Td (, ) Tj ET Q q 0 0 0 rg BT 198.26 158.00 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.93 158.00 Td (6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.59 158.00 Td (, ) Tj ET Q q 0 0 0 rg BT 221.60 158.00 Td (during ) Tj ET Q q 0 0 0 rg BT 244.50 158.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 262.50 158.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 296.05 158.00 Td (to ) Tj ET Q q 0 0 0 rg BT 304.28 158.00 Td (201) Tj ET Q q 0 0 0 rg BT 315.98 158.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 323.99 158.00 Td (On ) Tj ET Q q 0 0 0 rg BT 335.78 158.00 Td (a ) Tj ET Q q 0 0 0 rg BT 341.34 158.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 370.00 158.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 399.99 158.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 420.00 158.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.78 158.00 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.98 158.00 Td ( ) Tj ET Q q 0 0 0 rg BT 459.99 158.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.66 158.00 Td (3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.33 158.00 Td ( ) Tj ET Q q 0 0 0 rg BT 481.34 158.00 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.23 158.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.23 158.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.24 158.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 555.79 158.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 148.40 Td (201) Tj ET Q q 0 0 0 rg BT 61.70 148.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.70 148.40 Td ( ) Tj ET Q q 0 0 0 rg BT 67.31 148.40 Td (reflected ) Tj ET Q q 0 0 0 rg BT 96.89 148.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 118.94 148.40 Td (investment ) Tj ET Q q 0 0 0 rg BT 155.65 148.40 Td (in ) Tj ET Q q 0 0 0 rg BT 163.48 148.40 Td (our ) Tj ET Q q 0 0 0 rg BT 175.75 148.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 220.90 148.40 Td (schedules ) Tj ET Q q 0 0 0 rg BT 253.61 148.40 Td (to ) Tj ET Q q 0 0 0 rg BT 261.44 148.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 291.04 148.40 Td (our ) Tj ET Q q 0 0 0 rg BT 303.31 148.40 Td (audience ) Tj ET Q q 0 0 0 rg BT 333.34 148.40 Td (leadership ) Tj ET Q q 0 0 0 rg BT 367.82 148.40 Td (in ) Tj ET Q q 0 0 0 rg BT 375.65 148.40 Td (some ) Tj ET Q q 0 0 0 rg BT 394.14 148.40 Td (of ) Tj ET Q q 0 0 0 rg BT 402.41 148.40 Td (our ) Tj ET Q q 0 0 0 rg BT 414.68 148.40 Td (territories ) Tj ET Q q 0 0 0 rg BT 447.39 148.40 Td (where ) Tj ET Q q 0 0 0 rg BT 468.54 148.40 Td (competition ) Tj ET Q q 0 0 0 rg BT 508.36 148.40 Td (has ) Tj ET Q q 0 0 0 rg BT 520.63 148.40 Td (been ) Tj ET Q q 0 0 0 rg BT 537.34 148.40 Td (intense. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 138.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 138.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.05 138.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 91.62 138.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 136.75 138.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 175.22 138.80 Td (char) Tj ET Q q 0 0 0 rg BT 188.84 138.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 201.10 138.80 Td (of ) Tj ET Q q 0 0 0 rg BT 209.35 138.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 225.17 138.80 Td (18.6 ) Tj ET Q q 0 0 0 rg BT 240.75 138.80 Td (million ) Tj ET Q q 0 0 0 rg BT 265.46 138.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 296.81 138.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 322.84 138.80 Td (to ) Tj ET Q q 0 0 0 rg BT 330.65 138.80 Td (expiring ) Tj ET Q q 0 0 0 rg BT 358.90 138.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 383.59 138.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 428.72 138.80 Td (content ) Tj ET Q q 0 0 0 rg BT 453.86 138.80 Td (for ) Tj ET Q q 0 0 0 rg BT 464.78 138.80 Td (which ) Tj ET Q q 0 0 0 rg BT 485.92 138.80 Td (we ) Tj ET Q q 0 0 0 rg BT 496.83 138.80 Td (were ) Tj ET Q q 0 0 0 rg BT 513.96 138.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 536.88 138.80 Td (to ) Tj ET Q q 0 0 0 rg BT 544.69 138.80 Td (agree ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 129.20 Td (on ) Tj ET Q q 0 0 0 rg BT 59.66 129.20 Td (extensions ) Tj ET Q q 0 0 0 rg BT 95.09 129.20 Td (to ) Tj ET Q q 0 0 0 rg BT 102.97 129.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.41 129.20 Td (license ) Tj ET Q q 0 0 0 rg BT 138.28 129.20 Td (periods. ) Tj ET Q q 0 0 0 rg BT 165.49 129.20 Td (Content ) Tj ET Q q 0 0 0 rg BT 192.48 129.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 210.14 129.20 Td (include ) Tj ET Q q 0 0 0 rg BT 235.34 129.20 Td (the ) Tj ET Q q 0 0 0 rg BT 246.78 129.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 264.43 129.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 298.97 129.20 Td (with ) Tj ET Q q 0 0 0 rg BT 314.85 129.20 Td (providing ) Tj ET Q q 0 0 0 rg BT 347.62 129.20 Td (content ) Tj ET Q q 0 0 0 rg BT 372.83 129.20 Td (for ) Tj ET Q q 0 0 0 rg BT 383.81 129.20 Td (the ) Tj ET Q q 0 0 0 rg BT 395.25 129.20 Td (buildout ) Tj ET Q q 0 0 0 rg BT 423.57 129.20 Td (of ) Tj ET Q q 0 0 0 rg BT 431.78 129.20 Td (V) Tj ET Q q 0 0 0 rg BT 436.52 129.20 Td (oyo. ) Tj ET Q q 0 0 0 rg BT 452.06 129.20 Td (W) Tj ET Q q 0 0 0 rg BT 458.97 129.20 Td (e ) Tj ET Q q 0 0 0 rg BT 464.18 129.20 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 508.94 129.20 Td (applied ) Tj ET Q q 0 0 0 rg BT 534.14 129.20 Td (a ) Tj ET Q q 0 0 0 rg BT 539.35 129.20 Td (change ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 119.60 Td (in ) Tj ET Q q 0 0 0 rg BT 58.24 119.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 90.04 119.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.28 119.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 122.95 119.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.64 119.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 177.21 119.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 204.99 119.60 Td (during ) Tj ET Q q 0 0 0 rg BT 227.90 119.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.70 119.60 Td (second ) Tj ET Q q 0 0 0 rg BT 263.93 119.60 Td (half ) Tj ET Q q 0 0 0 rg BT 278.39 119.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.08 119.60 Td (201) Tj ET Q q 0 0 0 rg BT 298.78 119.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 306.66 119.60 Td (The ) Tj ET Q q 0 0 0 rg BT 321.12 119.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 344.91 119.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.59 119.60 Td (this ) Tj ET Q q 0 0 0 rg BT 367.17 119.60 Td (change ) Tj ET Q q 0 0 0 rg BT 391.85 119.60 Td (was ) Tj ET Q q 0 0 0 rg BT 406.31 119.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.55 119.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 437.89 119.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 480.34 119.60 Td (for ) Tj ET Q q 0 0 0 rg BT 491.69 119.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.49 119.60 Td (first ) Tj ET Q q 0 0 0 rg BT 518.40 119.60 Td (six ) Tj ET Q q 0 0 0 rg BT 529.75 119.60 Td (months ) Tj ET Q q 0 0 0 rg BT 555.33 119.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 110.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 68.00 110.00 Td (by ) Tj ET Q q 0 0 0 rg BT 78.00 110.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 126.21 110.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 142.43 110.00 Td (3.8 ) Tj ET Q q 0 0 0 rg BT 154.43 110.00 Td (million.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 94.40 Td (Other) Tj ET Q q 0 0 0 rg BT 70.29 94.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.13 94.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 106.86 94.40 Td (costs:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.96 94.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 148.01 94.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 180.06 94.40 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.90 94.40 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.10 94.40 Td ( ) Tj ET Q q 0 0 0 rg BT 229.94 94.40 Td (by ) Tj ET Q q 0 0 0 rg BT 239.78 94.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.84 94.40 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 267.68 94.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.79 94.40 Td (, ) Tj ET Q q 0 0 0 rg BT 294.63 94.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.13 94.40 Td (1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.80 94.40 Td (, ) Tj ET Q q 0 0 0 rg BT 317.64 94.40 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.36 94.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.36 94.40 Td ( ) Tj ET Q q 0 0 0 rg BT 358.20 94.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 391.58 94.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.64 94.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.64 94.40 Td (. ) Tj ET Q q 0 0 0 rg BT 419.47 94.40 Td (On ) Tj ET Q q 0 0 0 rg BT 431.09 94.40 Td (a ) Tj ET Q q 0 0 0 rg BT 436.48 94.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 464.98 94.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 494.79 94.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 512.63 94.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 530.47 94.40 Td (decreased ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 84.80 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 60.00 84.80 Td (1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.66 84.80 Td (. ) Tj ET Q q 0 0 0 rg BT 74.52 84.80 Td (The ) Tj ET Q q 0 0 0 rg BT 88.96 84.80 Td (slight ) Tj ET Q q 0 0 0 rg BT 108.74 84.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 138.27 84.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 163.81 84.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.58 84.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 199.35 84.80 Td (of ) Tj ET Q q 0 0 0 rg BT 208.02 84.80 Td (our ) Tj ET Q q 0 0 0 rg BT 220.68 84.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 235.57 84.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 267.78 84.80 Td (ef) Tj ET Q q 0 0 0 rg BT 273.85 84.80 Td (forts.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 69.20 Td (Other ) Tj ET Q q 0 0 0 rg BT 69.95 69.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.89 69.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 119.63 69.20 Td (for ) Tj ET Q q 0 0 0 rg BT 130.69 69.20 Td (2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.42 69.20 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.62 69.20 Td ( ) Tj ET Q q 0 0 0 rg BT 180.36 69.20 Td (by ) Tj ET Q q 0 0 0 rg BT 190.09 69.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.05 69.20 Td (5.9 ) Tj ET Q q 0 0 0 rg BT 217.78 69.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.90 69.20 Td (, ) Tj ET Q q 0 0 0 rg BT 244.63 69.20 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.03 69.20 Td (4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.69 69.20 Td (, ) Tj ET Q q 0 0 0 rg BT 267.43 69.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 300.70 69.20 Td (to ) Tj ET Q q 0 0 0 rg BT 308.65 69.20 Td (201) Tj ET Q q 0 0 0 rg BT 320.36 69.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 328.09 69.20 Td (On ) Tj ET Q q 0 0 0 rg BT 339.60 69.20 Td (a ) Tj ET Q q 0 0 0 rg BT 344.89 69.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 373.28 69.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 402.99 69.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 422.73 69.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 454.67 69.20 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.40 69.20 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.61 69.20 Td ( ) Tj ET Q q 0 0 0 rg BT 504.34 69.20 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.07 69.20 Td (15%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.74 69.20 Td ( ) Tj ET Q q 0 0 0 rg BT 530.47 69.20 Td (compared ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 59.60 Td (to ) Tj ET Q q 0 0 0 rg BT 58.61 59.60 Td (201) Tj ET Q q 0 0 0 rg BT 70.32 59.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 78.53 59.60 Td (W) Tj ET Q q 0 0 0 rg BT 85.44 59.60 Td (e ) Tj ET Q q 0 0 0 rg BT 91.38 59.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 122.20 59.60 Td (decreases ) Tj ET Q q 0 0 0 rg BT 155.23 59.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.84 59.60 Td (transmission ) Tj ET Q q 0 0 0 rg BT 206.68 59.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.62 59.60 Td (staf) Tj ET Q q 0 0 0 rg BT 232.03 59.60 Td (f-related ) Tj ET Q q 0 0 0 rg BT 261.51 59.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 281.90 59.60 Td (however ) Tj ET Q q 0 0 0 rg BT 311.83 59.60 Td (these ) Tj ET Q q 0 0 0 rg BT 330.66 59.60 Td (were ) Tj ET Q q 0 0 0 rg BT 348.59 59.60 Td (more ) Tj ET Q q 0 0 0 rg BT 367.42 59.60 Td (than ) Tj ET Q q 0 0 0 rg BT 383.58 59.60 Td (of) Tj ET Q q 0 0 0 rg BT 390.10 59.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 404.04 59.60 Td (by ) Tj ET Q q 0 0 0 rg BT 414.43 59.60 Td (the ) Tj ET Q q 0 0 0 rg BT 426.59 59.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 441.87 59.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.92 59.60 Td (new ) Tj ET Q q 0 0 0 rg BT 466.64 59.60 Td (channel ) Tj ET Q q 0 0 0 rg BT 493.90 59.60 Td (launches, ) Tj ET Q q 0 0 0 rg BT 526.28 59.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 549.11 59.60 Td (cost ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 50.00 Td (following ) Tj ET Q q 0 0 0 rg BT 83.11 50.00 Td (the ) Tj ET Q q 0 0 0 rg BT 94.88 50.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 131.99 50.00 Td (of ) Tj ET Q q 0 0 0 rg BT 140.65 50.00 Td (Bontonfilm ) Tj ET Q q 0 0 0 rg BT 179.54 50.00 Td (and ) Tj ET Q q 0 0 0 rg BT 193.09 50.00 Td (with ) Tj ET Q q 0 0 0 rg BT 209.32 50.00 Td (the ) Tj ET Q q 0 0 0 rg BT 221.09 50.00 Td (buildout ) Tj ET Q q 0 0 0 rg BT 249.76 50.00 Td (of ) Tj ET Q q 0 0 0 rg BT 258.28 50.00 Td (V) Tj ET Q q 0 0 0 rg BT 263.02 50.00 Td (oyo.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Depr) Tj ET Q q 0 0 0 rg BT 67.18 743.60 Td (eciation ) Tj ET Q q 0 0 0 rg BT 95.93 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.68 743.60 Td (pr) Tj ET Q q 0 0 0 rg BT 112.54 743.60 Td (operty) Tj ET Q q 0 0 0 rg BT 134.31 743.60 Td (, ) Tj ET Q q 0 0 0 rg BT 138.40 743.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 158.27 743.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.25 743.60 Td (equipment:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.37 743.60 Td () Tj ET Q q 0 0 0 rg BT 214.22 743.60 Td (T) Tj ET Q q 0 0 0 rg BT 218.55 743.60 Td (otal ) Tj ET Q q 0 0 0 rg BT 232.63 743.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 274.26 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 283.01 743.60 Td (property) Tj ET Q q 0 0 0 rg BT 309.59 743.60 Td (, ) Tj ET Q q 0 0 0 rg BT 313.68 743.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 331.76 743.60 Td (and ) Tj ET Q q 0 0 0 rg BT 345.40 743.60 Td (equipment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.25 743.60 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.79 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 414.87 743.60 Td (by ) Tj ET Q q 0 0 0 rg BT 424.96 743.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.27 743.60 Td (3.7 ) Tj ET Q q 0 0 0 rg BT 453.36 743.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.47 743.60 Td (, ) Tj ET Q q 0 0 0 rg BT 480.56 743.60 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.31 743.60 Td (8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.97 743.60 Td (, ) Tj ET Q q 0 0 0 rg BT 504.06 743.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.37 743.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.37 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.46 743.60 Td (compared ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 734.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.22 734.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.22 734.00 Td (. ) Tj ET Q q 0 0 0 rg BT 78.22 734.00 Td (On ) Tj ET Q q 0 0 0 rg BT 90.00 734.00 Td (a ) Tj ET Q q 0 0 0 rg BT 95.55 734.00 Td (constant ) Tj ET Q q 0 0 0 rg BT 124.21 734.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 154.19 734.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 174.19 734.00 Td (depreciation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.73 734.00 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.26 734.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.26 734.00 Td (10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.92 734.00 Td (, ) Tj ET Q q 0 0 0 rg BT 267.92 734.00 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 300.57 734.00 Td (a ) Tj ET Q q 0 0 0 rg BT 306.12 734.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 335.65 734.00 Td (in ) Tj ET Q q 0 0 0 rg BT 343.88 734.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 367.20 734.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 410.07 734.00 Td (in ) Tj ET Q q 0 0 0 rg BT 418.29 734.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 439.83 734.00 Td (years.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 718.40 Td (otal ) Tj ET Q q 0 0 0 rg BT 67.67 718.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 108.54 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.55 718.40 Td (property) Tj ET Q q 0 0 0 rg BT 143.13 718.40 Td (, ) Tj ET Q q 0 0 0 rg BT 146.47 718.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 163.81 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 176.70 718.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 211.81 718.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.37 718.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.37 718.40 Td ( ) Tj ET Q q 0 0 0 rg BT 236.71 718.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 269.58 718.40 Td (by ) Tj ET Q q 0 0 0 rg BT 278.92 718.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.49 718.40 Td (12.1 ) Tj ET Q q 0 0 0 rg BT 309.83 718.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.95 718.40 Td (, ) Tj ET Q q 0 0 0 rg BT 336.29 718.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.29 718.40 Td (21%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.96 718.40 Td (, ) Tj ET Q q 0 0 0 rg BT 362.30 718.40 Td (as ) Tj ET Q q 0 0 0 rg BT 370.30 718.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 403.18 718.40 Td (to ) Tj ET Q q 0 0 0 rg BT 410.75 718.40 Td (201) Tj ET Q q 0 0 0 rg BT 422.45 718.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 429.79 718.40 Td (On ) Tj ET Q q 0 0 0 rg BT 440.91 718.40 Td (a ) Tj ET Q q 0 0 0 rg BT 445.80 718.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 473.80 718.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 503.12 718.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 522.46 718.40 Td (depreciation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.53 708.80 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.53 708.80 Td (13%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.20 708.80 Td (, ) Tj ET Q q 0 0 0 rg BT 102.20 708.80 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 134.84 708.80 Td (a ) Tj ET Q q 0 0 0 rg BT 140.39 708.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 169.93 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 178.15 708.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.47 708.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 244.34 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 252.57 708.80 Td (recent ) Tj ET Q q 0 0 0 rg BT 274.11 708.80 Td (years.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 693.20 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 97.70 693.20 Td (of ) Tj ET Q q 0 0 0 rg BT 106.29 693.20 Td (br) Tj ET Q q 0 0 0 rg BT 114.15 693.20 Td (oadcast ) Tj ET Q q 0 0 0 rg BT 141.86 693.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 169.57 693.20 Td (and ) Tj ET Q q 0 0 0 rg BT 184.40 693.20 Td (other) Tj ET Q q 0 0 0 rg BT 202.47 693.20 Td ( ) Tj ET Q q 0 0 0 rg BT 204.40 693.20 Td (intangibles:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.41 693.20 Td ( ) Tj ET Q q 0 0 0 rg BT 246.20 693.20 Td (T) Tj ET Q q 0 0 0 rg BT 250.53 693.20 Td (otal ) Tj ET Q q 0 0 0 rg BT 264.46 693.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 306.82 693.20 Td (of ) Tj ET Q q 0 0 0 rg BT 315.42 693.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 348.00 693.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 375.26 693.20 Td (and ) Tj ET Q q 0 0 0 rg BT 388.74 693.20 Td (other ) Tj ET Q q 0 0 0 rg BT 407.11 693.20 Td (intangibles ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.15 693.20 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.68 693.20 Td ( ) Tj ET Q q 0 0 0 rg BT 477.61 693.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.77 693.20 Td (30.4 ) Tj ET Q q 0 0 0 rg BT 509.71 693.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.82 693.20 Td (, ) Tj ET Q q 0 0 0 rg BT 536.75 693.20 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.35 693.20 Td (65%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.01 693.20 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.79 683.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.79 683.60 Td ( ) Tj ET Q q 0 0 0 rg BT 75.35 683.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 108.45 683.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.24 683.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.24 683.60 Td (. ) Tj ET Q q 0 0 0 rg BT 135.80 683.60 Td (On ) Tj ET Q q 0 0 0 rg BT 147.14 683.60 Td (a ) Tj ET Q q 0 0 0 rg BT 152.26 683.60 Td (constant ) Tj ET Q q 0 0 0 rg BT 180.48 683.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 210.02 683.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 229.59 683.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.92 683.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 270.02 683.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.25 683.60 Td (66%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.91 683.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.47 683.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 319.58 683.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 339.36 683.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 381.35 683.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 408.68 683.60 Td (due ) Tj ET Q q 0 0 0 rg BT 421.79 683.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.58 683.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 468.02 683.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.25 683.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 509.80 683.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 543.35 683.60 Td (assets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 674.00 Td (in ) Tj ET Q q 0 0 0 rg BT 58.32 674.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 76.41 674.00 Td (in ) Tj ET Q q 0 0 0 rg BT 84.72 674.00 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 116.36 674.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 147.34 674.00 Td (and ) Tj ET Q q 0 0 0 rg BT 160.98 674.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.85 674.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 197.16 674.00 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 229.99 674.00 Td (W) Tj ET Q q 0 0 0 rg BT 236.90 674.00 Td (e ) Tj ET Q q 0 0 0 rg BT 242.54 674.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 272.62 674.00 Td (impairments ) Tj ET Q q 0 0 0 rg BT 314.70 674.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.46 674.00 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 356.20 674.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 383.62 674.00 Td (and ) Tj ET Q q 0 0 0 rg BT 397.26 674.00 Td (other ) Tj ET Q q 0 0 0 rg BT 415.79 674.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 449.87 674.00 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 487.07 674.00 Td (amounting ) Tj ET Q q 0 0 0 rg BT 523.38 674.00 Td (to ) Tj ET Q q 0 0 0 rg BT 531.70 674.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 548.01 674.00 Td (31.2 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 664.40 Td (million ) Tj ET Q q 0 0 0 rg BT 74.94 664.40 Td (during ) Tj ET Q q 0 0 0 rg BT 97.66 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 109.27 664.40 Td (year ) Tj ET Q q 0 0 0 rg BT 124.86 664.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 145.80 664.40 Td (December ) Tj ET Q q 0 0 0 rg BT 180.49 664.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 192.33 664.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 212.16 664.40 Td (which ) Tj ET Q q 0 0 0 rg BT 233.54 664.40 Td (will ) Tj ET Q q 0 0 0 rg BT 247.81 664.40 Td (result ) Tj ET Q q 0 0 0 rg BT 267.42 664.40 Td (in ) Tj ET Q q 0 0 0 rg BT 275.47 664.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 308.83 664.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 351.10 664.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.59 664.40 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 396.53 664.40 Td (in ) Tj ET Q q 0 0 0 rg BT 404.58 664.40 Td (future ) Tj ET Q q 0 0 0 rg BT 425.51 664.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 450.90 664.40 Td (\(see ) Tj ET Q q 0 0 0 rg BT 465.61 664.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 482.10 664.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.93 664.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 507.31 664.40 Td (4, ) Tj ET Q q 0 0 0 rg BT 515.14 664.40 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 550.46 664.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 654.80 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 83.99 654.80 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.15 654.80 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 639.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 639.20 Td (otal ) Tj ET Q q 0 0 0 rg BT 68.46 639.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 111.03 639.20 Td (of ) Tj ET Q q 0 0 0 rg BT 119.83 639.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 152.62 639.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 180.08 639.20 Td (and ) Tj ET Q q 0 0 0 rg BT 193.77 639.20 Td (other ) Tj ET Q q 0 0 0 rg BT 212.34 639.20 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 249.58 639.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 281.92 639.20 Td (by ) Tj ET Q q 0 0 0 rg BT 292.06 639.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.42 639.20 Td (1) Tj ET Q q 0 0 0 rg BT 312.13 639.20 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 324.26 639.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.38 639.20 Td (, ) Tj ET Q q 0 0 0 rg BT 351.51 639.20 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.31 639.20 Td (34%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.98 639.20 Td (, ) Tj ET Q q 0 0 0 rg BT 379.11 639.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.47 639.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.47 639.20 Td ( ) Tj ET Q q 0 0 0 rg BT 405.61 639.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 439.29 639.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.64 639.20 Td (201) Tj ET Q q 0 0 0 rg BT 459.35 639.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.35 639.20 Td (. ) Tj ET Q q 0 0 0 rg BT 467.48 639.20 Td (On ) Tj ET Q q 0 0 0 rg BT 479.40 639.20 Td (a ) Tj ET Q q 0 0 0 rg BT 485.09 639.20 Td (constant ) Tj ET Q q 0 0 0 rg BT 513.88 639.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 544.00 639.20 Td (basis, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 629.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.15 629.60 Td (increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.35 629.60 Td ( ) Tj ET Q q 0 0 0 rg BT 90.73 629.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.77 629.60 Td (45%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 114.44 629.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.82 629.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 142.73 629.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 177.10 629.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 219.91 629.60 Td (of ) Tj ET Q q 0 0 0 rg BT 228.95 629.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 261.98 629.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 289.69 629.60 Td (due ) Tj ET Q q 0 0 0 rg BT 303.61 629.60 Td (to ) Tj ET Q q 0 0 0 rg BT 312.21 629.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.37 629.60 Td (change ) Tj ET Q q 0 0 0 rg BT 349.40 629.60 Td (in ) Tj ET Q q 0 0 0 rg BT 358.00 629.60 Td (the ) Tj ET Q q 0 0 0 rg BT 370.15 629.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 404.96 629.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 437.99 629.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 459.92 629.60 Td (life ) Tj ET Q q 0 0 0 rg BT 472.96 629.60 Td (of ) Tj ET Q q 0 0 0 rg BT 482.00 629.60 Td (our ) Tj ET Q q 0 0 0 rg BT 495.04 629.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 528.08 629.60 Td (licenses ) Tj ET Q q 0 0 0 rg BT 555.78 629.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 620.00 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 81.41 620.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 112.16 620.00 Td (and ) Tj ET Q q 0 0 0 rg BT 125.57 620.00 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 157.29 620.00 Td (The ) Tj ET Q q 0 0 0 rg BT 171.60 620.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 195.23 620.00 Td (of ) Tj ET Q q 0 0 0 rg BT 203.76 620.00 Td (this ) Tj ET Q q 0 0 0 rg BT 217.18 620.00 Td (change ) Tj ET Q q 0 0 0 rg BT 241.69 620.00 Td (in ) Tj ET Q q 0 0 0 rg BT 249.78 620.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 281.41 620.00 Td (was ) Tj ET Q q 0 0 0 rg BT 295.72 620.00 Td (a ) Tj ET Q q 0 0 0 rg BT 301.13 620.00 Td (higher ) Tj ET Q q 0 0 0 rg BT 323.43 620.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 365.72 620.00 Td (char) Tj ET Q q 0 0 0 rg BT 379.35 620.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 388.76 620.00 Td (amounting ) Tj ET Q q 0 0 0 rg BT 424.84 620.00 Td (to ) Tj ET Q q 0 0 0 rg BT 432.93 620.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 481.00 620.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 497.09 620.00 Td (20.7 ) Tj ET Q q 0 0 0 rg BT 512.95 620.00 Td (million ) Tj ET Q q 0 0 0 rg BT 537.93 620.00 Td (in ) Tj ET Q q 0 0 0 rg BT 546.01 620.00 Td (2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 610.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 83.54 610.40 Td (to ) Tj ET Q q 0 0 0 rg BT 91.76 610.40 Td (201) Tj ET Q q 0 0 0 rg BT 103.46 610.40 Td (1. ) Tj ET Q q 0 0 0 rg BT 111.32 610.40 Td (W) Tj ET Q q 0 0 0 rg BT 118.23 610.40 Td (e ) Tj ET Q q 0 0 0 rg BT 123.78 610.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 153.76 610.40 Td (impairments ) Tj ET Q q 0 0 0 rg BT 195.75 610.40 Td (of ) Tj ET Q q 0 0 0 rg BT 204.42 610.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 237.07 610.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 264.39 610.40 Td (and ) Tj ET Q q 0 0 0 rg BT 277.95 610.40 Td (other ) Tj ET Q q 0 0 0 rg BT 296.38 610.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 330.37 610.40 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 367.47 610.40 Td (amounting ) Tj ET Q q 0 0 0 rg BT 403.69 610.40 Td (to ) Tj ET Q q 0 0 0 rg BT 411.91 610.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 428.14 610.40 Td (208.7 ) Tj ET Q q 0 0 0 rg BT 448.14 610.40 Td (million ) Tj ET Q q 0 0 0 rg BT 473.25 610.40 Td (during ) Tj ET Q q 0 0 0 rg BT 496.14 610.40 Td (2012.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 594.80 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 77.74 594.80 Td (general ) Tj ET Q q 0 0 0 rg BT 105.69 594.80 Td (and ) Tj ET Q q 0 0 0 rg BT 121.21 594.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 173.61 594.80 Td (expenses: ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.67 594.80 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 235.97 594.80 Td (general ) Tj ET Q q 0 0 0 rg BT 262.13 594.80 Td (and ) Tj ET Q q 0 0 0 rg BT 276.30 594.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 324.69 594.80 Td (expenses ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.20 594.80 Td (increased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.40 594.80 Td ( ) Tj ET Q q 0 0 0 rg BT 389.02 594.80 Td (by ) Tj ET Q q 0 0 0 rg BT 399.65 594.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.50 594.80 Td (10.8 ) Tj ET Q q 0 0 0 rg BT 433.12 594.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.24 594.80 Td ( ) Tj ET Q q 0 0 0 rg BT 458.86 594.80 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.37 594.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.37 594.80 Td ( ) Tj ET Q q 0 0 0 rg BT 501.00 594.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 535.16 594.80 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.00 594.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.00 594.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 585.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 81.61 585.20 Td (due ) Tj ET Q q 0 0 0 rg BT 95.01 585.20 Td (to ) Tj ET Q q 0 0 0 rg BT 103.08 585.20 Td (accruals ) Tj ET Q q 0 0 0 rg BT 131.13 585.20 Td (for ) Tj ET Q q 0 0 0 rg BT 142.30 585.20 Td (severance ) Tj ET Q q 0 0 0 rg BT 175.67 585.20 Td (char) Tj ET Q q 0 0 0 rg BT 189.29 585.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 201.80 585.20 Td (that ) Tj ET Q q 0 0 0 rg BT 215.64 585.20 Td (were ) Tj ET Q q 0 0 0 rg BT 233.03 585.20 Td (not ) Tj ET Q q 0 0 0 rg BT 245.10 585.20 Td (part ) Tj ET Q q 0 0 0 rg BT 259.38 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 267.89 585.20 Td (our ) Tj ET Q q 0 0 0 rg BT 280.40 585.20 Td (or) Tj ET Q q 0 0 0 rg BT 286.92 585.20 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 327.86 585.20 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 372.58 585.20 Td (including ) Tj ET Q q 0 0 0 rg BT 404.64 585.20 Td (with ) Tj ET Q q 0 0 0 rg BT 420.71 585.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 445.21 585.20 Td (to ) Tj ET Q q 0 0 0 rg BT 453.27 585.20 Td (a ) Tj ET Q q 0 0 0 rg BT 458.67 585.20 Td (former ) Tj ET Q q 0 0 0 rg BT 482.28 585.20 Td (member ) Tj ET Q q 0 0 0 rg BT 510.33 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 518.84 585.20 Td (our ) Tj ET Q q 0 0 0 rg BT 531.35 585.20 Td (executive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 575.60 Td (management ) Tj ET Q q 0 0 0 rg BT 92.87 575.60 Td (team, ) Tj ET Q q 0 0 0 rg BT 112.42 575.60 Td (which ) Tj ET Q q 0 0 0 rg BT 133.97 575.60 Td (more ) Tj ET Q q 0 0 0 rg BT 152.41 575.60 Td (than ) Tj ET Q q 0 0 0 rg BT 168.18 575.60 Td (of) Tj ET Q q 0 0 0 rg BT 174.70 575.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 188.25 575.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.02 575.60 Td (current ) Tj ET Q q 0 0 0 rg BT 224.68 575.60 Td (period ) Tj ET Q q 0 0 0 rg BT 247.11 575.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 273.11 575.60 Td (from ) Tj ET Q q 0 0 0 rg BT 290.66 575.60 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 333.54 575.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.09 575.60 Td (other ) Tj ET Q q 0 0 0 rg BT 365.53 575.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 380.41 575.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 412.63 575.60 Td (measures.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 560.00 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 76.67 560.00 Td (general ) Tj ET Q q 0 0 0 rg BT 102.21 560.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.76 560.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 163.52 560.00 Td (expenses ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.40 560.00 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.93 560.00 Td ( ) Tj ET Q q 0 0 0 rg BT 227.93 560.00 Td (by ) Tj ET Q q 0 0 0 rg BT 237.93 560.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.16 560.00 Td (31.8 ) Tj ET Q q 0 0 0 rg BT 270.16 560.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.27 560.00 Td ( ) Tj ET Q q 0 0 0 rg BT 295.27 560.00 Td (in ) Tj ET Q q 0 0 0 rg BT 303.50 560.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 321.50 560.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 355.04 560.00 Td (to ) Tj ET Q q 0 0 0 rg BT 363.26 560.00 Td (201) Tj ET Q q 0 0 0 rg BT 374.96 560.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 382.96 560.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 414.73 560.00 Td (due ) Tj ET Q q 0 0 0 rg BT 428.28 560.00 Td (to ) Tj ET Q q 0 0 0 rg BT 436.50 560.00 Td (a ) Tj ET Q q 0 0 0 rg BT 442.05 560.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 474.27 560.00 Td (in ) Tj ET Q q 0 0 0 rg BT 482.49 560.00 Td (staf) Tj ET Q q 0 0 0 rg BT 493.89 560.00 Td (f-related ) Tj ET Q q 0 0 0 rg BT 522.98 560.00 Td (expenses.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 544.40 Td (Included ) Tj ET Q q 0 0 0 rg BT 79.91 544.40 Td (in ) Tj ET Q q 0 0 0 rg BT 88.05 544.40 Td (selling, ) Tj ET Q q 0 0 0 rg BT 113.30 544.40 Td (general ) Tj ET Q q 0 0 0 rg BT 138.76 544.40 Td (and ) Tj ET Q q 0 0 0 rg BT 152.23 544.40 Td (administrative ) Tj ET Q q 0 0 0 rg BT 199.92 544.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 230.72 544.40 Td (are ) Tj ET Q q 0 0 0 rg BT 242.40 544.40 Td (central ) Tj ET Q q 0 0 0 rg BT 266.08 544.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 286.00 544.40 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.47 544.40 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.01 544.40 Td ( ) Tj ET Q q 0 0 0 rg BT 340.93 544.40 Td (by ) Tj ET Q q 0 0 0 rg BT 350.85 544.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.99 544.40 Td (0.4 ) Tj ET Q q 0 0 0 rg BT 378.91 544.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.03 544.40 Td (, ) Tj ET Q q 0 0 0 rg BT 405.95 544.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.53 544.40 Td (1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.19 544.40 Td (, ) Tj ET Q q 0 0 0 rg BT 429.11 544.40 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.92 544.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.92 544.40 Td ( ) Tj ET Q q 0 0 0 rg BT 469.84 544.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 503.30 544.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.44 544.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.44 544.40 Td (, ) Tj ET Q q 0 0 0 rg BT 531.36 544.40 Td (reflecting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 534.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 64.49 534.80 Td (saving ) Tj ET Q q 0 0 0 rg BT 86.99 534.80 Td (as ) Tj ET Q q 0 0 0 rg BT 95.26 534.80 Td (a ) Tj ET Q q 0 0 0 rg BT 100.41 534.80 Td (result ) Tj ET Q q 0 0 0 rg BT 119.79 534.80 Td (of ) Tj ET Q q 0 0 0 rg BT 128.06 534.80 Td (our ) Tj ET Q q 0 0 0 rg BT 140.33 534.80 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 182.82 534.80 Td (ef) Tj ET Q q 0 0 0 rg BT 188.89 534.80 Td (forts, ) Tj ET Q q 0 0 0 rg BT 207.16 534.80 Td (which ) Tj ET Q q 0 0 0 rg BT 228.31 534.80 Td (is ) Tj ET Q q 0 0 0 rg BT 235.26 534.80 Td (lar) Tj ET Q q 0 0 0 rg BT 243.55 534.80 Td (gely ) Tj ET Q q 0 0 0 rg BT 258.93 534.80 Td (of) Tj ET Q q 0 0 0 rg BT 265.45 534.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 278.61 534.80 Td (by ) Tj ET Q q 0 0 0 rg BT 288.21 534.80 Td (executive ) Tj ET Q q 0 0 0 rg BT 320.47 534.80 Td (severance ) Tj ET Q q 0 0 0 rg BT 353.61 534.80 Td (as ) Tj ET Q q 0 0 0 rg BT 361.88 534.80 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 397.25 534.80 Td (above. ) Tj ET Q q 0 0 0 rg BT 419.96 534.80 Td (Central ) Tj ET Q q 0 0 0 rg BT 445.11 534.80 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.72 534.80 Td (decreased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.25 534.80 Td ( ) Tj ET Q q 0 0 0 rg BT 495.86 534.80 Td (by ) Tj ET Q q 0 0 0 rg BT 505.46 534.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.30 534.80 Td (12.1 ) Tj ET Q q 0 0 0 rg BT 536.90 534.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.02 534.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 525.20 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.39 525.20 Td (22%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.05 525.20 Td (, ) Tj ET Q q 0 0 0 rg BT 76.78 525.20 Td (in ) Tj ET Q q 0 0 0 rg BT 84.72 525.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 102.45 525.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 135.71 525.20 Td (to ) Tj ET Q q 0 0 0 rg BT 143.66 525.20 Td (201) Tj ET Q q 0 0 0 rg BT 155.36 525.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 163.09 525.20 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 195.46 525.20 Td (a ) Tj ET Q q 0 0 0 rg BT 200.74 525.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 232.67 525.20 Td (in ) Tj ET Q q 0 0 0 rg BT 240.62 525.20 Td (staf) Tj ET Q q 0 0 0 rg BT 252.03 525.20 Td (f-related ) Tj ET Q q 0 0 0 rg BT 280.84 525.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 311.44 525.20 Td (following ) Tj ET Q q 0 0 0 rg BT 344.28 525.20 Td (the ) Tj ET Q q 0 0 0 rg BT 355.78 525.20 Td (redeployment ) Tj ET Q q 0 0 0 rg BT 401.48 525.20 Td (of ) Tj ET Q q 0 0 0 rg BT 409.87 525.20 Td (central ) Tj ET Q q 0 0 0 rg BT 433.36 525.20 Td (headcount ) Tj ET Q q 0 0 0 rg BT 467.96 525.20 Td (into ) Tj ET Q q 0 0 0 rg BT 482.13 525.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 519.84 525.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 550.46 525.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 515.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 70.21 515.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 116.65 515.60 Td (expenses.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 500.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 75.62 500.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 93.68 500.00 Td (include ) Tj ET Q q 0 0 0 rg BT 119.30 500.00 Td (a ) Tj ET Q q 0 0 0 rg BT 124.92 500.00 Td (char) Tj ET Q q 0 0 0 rg BT 138.54 500.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 148.16 500.00 Td (of ) Tj ET Q q 0 0 0 rg BT 156.89 500.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.19 500.00 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 185.25 500.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.37 500.00 Td ( ) Tj ET Q q 0 0 0 rg BT 210.44 500.00 Td (in ) Tj ET Q q 0 0 0 rg BT 218.73 500.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 243.45 500.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.18 500.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 283.13 500.00 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 322.96 500.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 369.46 500.00 Td (which ) Tj ET Q q 0 0 0 rg BT 391.08 500.00 Td (is ) Tj ET Q q 0 0 0 rg BT 398.49 500.00 Td (not ) Tj ET Q q 0 0 0 rg BT 410.78 500.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 441.72 500.00 Td (to ) Tj ET Q q 0 0 0 rg BT 450.01 500.00 Td (our ) Tj ET Q q 0 0 0 rg BT 462.74 500.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 495.02 500.00 Td (segments, ) Tj ET Q q 0 0 0 rg BT 528.86 500.00 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.48 500.00 Td (decrease) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.01 500.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 490.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 490.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.89 490.40 Td (0.1 ) Tj ET Q q 0 0 0 rg BT 86.89 490.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 110.00 490.40 Td ( ) Tj ET Q q 0 0 0 rg BT 112.00 490.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 145.54 490.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.77 490.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.77 490.40 Td ( ) Tj ET Q q 0 0 0 rg BT 171.77 490.40 Td (\(see ) Tj ET Q q 0 0 0 rg BT 186.64 490.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 203.30 490.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.30 490.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 228.86 490.40 Td (17, ) Tj ET Q q 0 0 0 rg BT 240.86 490.40 Td ("Stock-based ) Tj ET Q q 0 0 0 rg BT 285.22 490.40 Td (Compensation") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.71 490.40 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 474.80 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 99.68 474.80 Td (costs:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 118.79 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 120.48 474.80 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 165.71 474.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 183.40 474.80 Td (totaled ) Tj ET Q q 0 0 0 rg BT 206.86 474.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.78 474.80 Td (18.6 ) Tj ET Q q 0 0 0 rg BT 238.47 474.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.58 474.80 Td ( ) Tj ET Q q 0 0 0 rg BT 263.27 474.80 Td (during ) Tj ET Q q 0 0 0 rg BT 285.85 474.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.31 474.80 Td (year ) Tj ET Q q 0 0 0 rg BT 312.76 474.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 333.55 474.80 Td (December ) Tj ET Q q 0 0 0 rg BT 368.11 474.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.80 474.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 397.49 474.80 Td (as ) Tj ET Q q 0 0 0 rg BT 405.84 474.80 Td (we ) Tj ET Q q 0 0 0 rg BT 416.86 474.80 Td (reor) Tj ET Q q 0 0 0 rg BT 429.60 474.80 Td (ganized ) Tj ET Q q 0 0 0 rg BT 456.16 474.80 Td (our ) Tj ET Q q 0 0 0 rg BT 468.51 474.80 Td (business ) Tj ET Q q 0 0 0 rg BT 497.32 474.80 Td (to ) Tj ET Q q 0 0 0 rg BT 505.23 474.80 Td (streamline ) Tj ET Q q 0 0 0 rg BT 540.24 474.80 Td (central ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 465.20 Td (resources ) Tj ET Q q 0 0 0 rg BT 82.35 465.20 Td (and ) Tj ET Q q 0 0 0 rg BT 96.04 465.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 118.60 465.20 Td (how ) Tj ET Q q 0 0 0 rg BT 134.52 465.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 166.87 465.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 209.43 465.20 Td (within ) Tj ET Q q 0 0 0 rg BT 232.01 465.20 Td (the ) Tj ET Q q 0 0 0 rg BT 243.93 465.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.17 465.20 Td (is ) Tj ET Q q 0 0 0 rg BT 284.65 465.20 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 317.44 465.20 Td (by ) Tj ET Q q 0 0 0 rg BT 327.58 465.20 Td (our ) Tj ET Q q 0 0 0 rg BT 340.38 465.20 Td (chief ) Tj ET Q q 0 0 0 rg BT 358.51 465.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 390.86 465.20 Td (decision ) Tj ET Q q 0 0 0 rg BT 419.66 465.20 Td (makers, ) Tj ET Q q 0 0 0 rg BT 446.90 465.20 Td (how ) Tj ET Q q 0 0 0 rg BT 462.82 465.20 Td (our ) Tj ET Q q 0 0 0 rg BT 475.62 465.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 511.09 465.20 Td (are ) Tj ET Q q 0 0 0 rg BT 522.99 465.20 Td (managed ) Tj ET Q q 0 0 0 rg BT 554.01 465.20 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 455.60 Td (segment ) Tj ET Q q 0 0 0 rg BT 78.95 455.60 Td (managers, ) Tj ET Q q 0 0 0 rg BT 113.88 455.60 Td (and ) Tj ET Q q 0 0 0 rg BT 127.72 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.78 455.60 Td (structure ) Tj ET Q q 0 0 0 rg BT 170.05 455.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.00 455.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.95 455.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 218.67 455.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 248.94 455.60 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 282.55 455.60 Td (Following ) Tj ET Q q 0 0 0 rg BT 317.73 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.79 455.60 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 372.95 455.60 Td (that ) Tj ET Q q 0 0 0 rg BT 387.23 455.60 Td (was ) Tj ET Q q 0 0 0 rg BT 401.95 455.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 437.56 455.60 Td (during ) Tj ET Q q 0 0 0 rg BT 460.73 455.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 481.02 455.60 Td (we ) Tj ET Q q 0 0 0 rg BT 492.63 455.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 515.79 455.60 Td (approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 446.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 66.23 446.00 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 82.23 446.00 Td (million ) Tj ET Q q 0 0 0 rg BT 107.34 446.00 Td (of ) Tj ET Q q 0 0 0 rg BT 116.00 446.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 139.33 446.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 154.21 446.00 Td (savings ) Tj ET Q q 0 0 0 rg BT 180.21 446.00 Td (starting ) Tj ET Q q 0 0 0 rg BT 206.21 446.00 Td (in ) Tj ET Q q 0 0 0 rg BT 214.43 446.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 232.43 446.00 Td (when ) Tj ET Q q 0 0 0 rg BT 251.76 446.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 285.30 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 293.52 446.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 313.38 446.00 Td (W) Tj ET Q q 0 0 0 rg BT 320.29 446.00 Td (e ) Tj ET Q q 0 0 0 rg BT 325.84 446.00 Td (will ) Tj ET Q q 0 0 0 rg BT 340.29 446.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 369.83 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 378.05 446.00 Td (look ) Tj ET Q q 0 0 0 rg BT 394.28 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 402.50 446.00 Td (optimize ) Tj ET Q q 0 0 0 rg BT 432.49 446.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.27 446.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 462.27 446.00 Td (of ) Tj ET Q q 0 0 0 rg BT 470.93 446.00 Td (our ) Tj ET Q q 0 0 0 rg BT 483.59 446.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 518.92 446.00 Td (in ) Tj ET Q q 0 0 0 rg BT 527.14 446.00 Td (2014.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 430.40 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 93.62 430.40 Td (charge:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.38 430.40 Td ( ) Tj ET Q q 0 0 0 rg BT 121.51 430.40 Td (W) Tj ET Q q 0 0 0 rg BT 128.42 430.40 Td (e ) Tj ET Q q 0 0 0 rg BT 134.26 430.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 171.64 430.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 210.81 430.40 Td (char) Tj ET Q q 0 0 0 rg BT 224.43 430.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 237.39 430.40 Td (amounting ) Tj ET Q q 0 0 0 rg BT 273.90 430.40 Td (to ) Tj ET Q q 0 0 0 rg BT 282.41 430.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.93 430.40 Td (79.7 ) Tj ET Q q 0 0 0 rg BT 315.22 430.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.33 430.40 Td ( ) Tj ET Q q 0 0 0 rg BT 340.63 430.40 Td (in ) Tj ET Q q 0 0 0 rg BT 349.14 430.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 374.08 430.40 Td (of ) Tj ET Q q 0 0 0 rg BT 383.04 430.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 413.77 430.40 Td (and ) Tj ET Q q 0 0 0 rg BT 427.62 430.40 Td (other ) Tj ET Q q 0 0 0 rg BT 446.34 430.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 480.63 430.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.58 430.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.10 430.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.10 430.40 Td (. ) Tj ET Q q 0 0 0 rg BT 530.39 430.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 545.12 430.40 Td (latest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 420.80 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 80.37 420.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 102.73 420.80 Td (our ) Tj ET Q q 0 0 0 rg BT 115.33 420.80 Td (new ) Tj ET Q q 0 0 0 rg BT 130.59 420.80 Td (management's ) Tj ET Q q 0 0 0 rg BT 177.95 420.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 197.21 420.80 Td (on ) Tj ET Q q 0 0 0 rg BT 207.15 420.80 Td (building ) Tj ET Q q 0 0 0 rg BT 235.75 420.80 Td (our ) Tj ET Q q 0 0 0 rg BT 248.35 420.80 Td (core ) Tj ET Q q 0 0 0 rg BT 264.05 420.80 Td (television ) Tj ET Q q 0 0 0 rg BT 297.10 420.80 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 339.91 420.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 360.51 420.80 Td (in ) Tj ET Q q 0 0 0 rg BT 368.66 420.80 Td (each ) Tj ET Q q 0 0 0 rg BT 385.25 420.80 Td (country ) Tj ET Q q 0 0 0 rg BT 411.63 420.80 Td (which ) Tj ET Q q 0 0 0 rg BT 433.11 420.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 461.71 420.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 497.41 420.80 Td (downward ) Tj ET Q q 0 0 0 rg BT 533.12 420.80 Td (revisions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 411.20 Td (in ) Tj ET Q q 0 0 0 rg BT 58.14 411.20 Td (our ) Tj ET Q q 0 0 0 rg BT 70.73 411.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 102.42 411.20 Td (of ) Tj ET Q q 0 0 0 rg BT 111.00 411.20 Td (the ) Tj ET Q q 0 0 0 rg BT 122.69 411.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 138.83 411.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 158.53 411.20 Td (that ) Tj ET Q q 0 0 0 rg BT 172.44 411.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.12 411.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 231.37 411.20 Td (will ) Tj ET Q q 0 0 0 rg BT 245.73 411.20 Td (generate ) Tj ET Q q 0 0 0 rg BT 274.74 411.20 Td (in ) Tj ET Q q 0 0 0 rg BT 282.88 411.20 Td (future ) Tj ET Q q 0 0 0 rg BT 303.91 411.20 Td (periods. ) Tj ET Q q 0 0 0 rg BT 331.24 411.20 Td (The ) Tj ET Q q 0 0 0 rg BT 345.60 411.20 Td (impairments ) Tj ET Q q 0 0 0 rg BT 387.51 411.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.41 411.20 Td (included ) Tj ET Q q 0 0 0 rg BT 446.88 411.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.02 411.20 Td (12.3 ) Tj ET Q q 0 0 0 rg BT 478.94 411.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.05 411.20 Td ( ) Tj ET Q q 0 0 0 rg BT 503.97 411.20 Td (related ) Tj ET Q q 0 0 0 rg BT 527.66 411.20 Td (to ) Tj ET Q q 0 0 0 rg BT 535.80 411.20 Td (the ) Tj ET Q q 0 0 0 rg BT 547.49 411.20 Td (bTV) Tj ET Q q 0 0 0 rg BT 562.01 411.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 401.60 Td (trademark ) Tj ET Q q 0 0 0 rg BT 84.96 401.60 Td (in ) Tj ET Q q 0 0 0 rg BT 93.72 401.60 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 125.80 401.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 142.57 401.60 Td (23.6 ) Tj ET Q q 0 0 0 rg BT 159.10 401.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.22 401.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.75 401.60 Td (related ) Tj ET Q q 0 0 0 rg BT 209.05 401.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.81 401.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.12 401.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 261.98 401.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 305.40 401.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 339.93 401.60 Td (in ) Tj ET Q q 0 0 0 rg BT 348.68 401.60 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 380.77 401.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.53 401.60 Td (7.6 ) Tj ET Q q 0 0 0 rg BT 410.07 401.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.18 401.60 Td ( ) Tj ET Q q 0 0 0 rg BT 435.72 401.60 Td (to ) Tj ET Q q 0 0 0 rg BT 444.47 401.60 Td (fully ) Tj ET Q q 0 0 0 rg BT 462.12 401.60 Td (impair ) Tj ET Q q 0 0 0 rg BT 485.54 401.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.85 401.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 531.04 401.60 Td (license ) Tj ET Q q 0 0 0 rg BT 555.78 401.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 392.00 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 81.83 392.00 Td (and ) Tj ET Q q 0 0 0 rg BT 95.21 392.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 111.26 392.00 Td (36.2 ) Tj ET Q q 0 0 0 rg BT 127.09 392.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.21 392.00 Td ( ) Tj ET Q q 0 0 0 rg BT 152.04 392.00 Td (related ) Tj ET Q q 0 0 0 rg BT 175.63 392.00 Td (to ) Tj ET Q q 0 0 0 rg BT 183.68 392.00 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 213.96 392.00 Td (in ) Tj ET Q q 0 0 0 rg BT 222.01 392.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 251.39 392.00 Td (and ) Tj ET Q q 0 0 0 rg BT 264.77 392.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 294.59 392.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 309.30 392.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 325.79 392.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.62 392.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 351.00 392.00 Td (4, ) Tj ET Q q 0 0 0 rg BT 358.83 392.00 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 394.15 392.00 Td (and ) Tj ET Q q 0 0 0 rg BT 407.53 392.00 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 441.39 392.00 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.55 392.00 Td (\). ) Tj ET Q q 0 0 0 rg BT 472.04 392.00 Td (In ) Tj ET Q q 0 0 0 rg BT 480.54 392.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 517.47 392.00 Td (with ) Tj ET Q q 0 0 0 rg BT 533.52 392.00 Td (our ) Tj ET Q q 0 0 0 rg BT 546.01 392.00 Td (2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 382.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 81.28 382.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 121.00 382.40 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 151.61 382.40 Td (we ) Tj ET Q q 0 0 0 rg BT 163.78 382.40 Td (have ) Tj ET Q q 0 0 0 rg BT 181.72 382.40 Td (concluded ) Tj ET Q q 0 0 0 rg BT 217.43 382.40 Td (that ) Tj ET Q q 0 0 0 rg BT 232.26 382.40 Td (the ) Tj ET Q q 0 0 0 rg BT 244.88 382.40 Td (total ) Tj ET Q q 0 0 0 rg BT 261.93 382.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 295.43 382.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.37 382.40 Td (values ) Tj ET Q q 0 0 0 rg BT 332.64 382.40 Td (used ) Tj ET Q q 0 0 0 rg BT 350.14 382.40 Td (for ) Tj ET Q q 0 0 0 rg BT 362.31 382.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 393.59 382.40 Td (of ) Tj ET Q q 0 0 0 rg BT 403.09 382.40 Td (the ) Tj ET Q q 0 0 0 rg BT 415.70 382.40 Td (test ) Tj ET Q q 0 0 0 rg BT 429.65 382.40 Td (are ) Tj ET Q q 0 0 0 rg BT 442.25 382.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 479.29 382.40 Td (by ) Tj ET Q q 0 0 0 rg BT 490.13 382.40 Td (comparing ) Tj ET Q q 0 0 0 rg BT 527.18 382.40 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 382.40 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 372.80 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 94.74 372.80 Td (of ) Tj ET Q q 0 0 0 rg BT 103.06 372.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.49 372.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.25 372.80 Td (to ) Tj ET Q q 0 0 0 rg BT 155.13 372.80 Td (the ) Tj ET Q q 0 0 0 rg BT 166.56 372.80 Td (results ) Tj ET Q q 0 0 0 rg BT 189.10 372.80 Td (of ) Tj ET Q q 0 0 0 rg BT 197.42 372.80 Td (the ) Tj ET Q q 0 0 0 rg BT 208.85 372.80 Td (discounted ) Tj ET Q q 0 0 0 rg BT 245.16 372.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.03 372.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 280.46 372.80 Td (analysis ) Tj ET Q q 0 0 0 rg BT 307.89 372.80 Td (of ) Tj ET Q q 0 0 0 rg BT 316.21 372.80 Td (our ) Tj ET Q q 0 0 0 rg BT 328.53 372.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 359.50 372.80 Td (units, ) Tj ET Q q 0 0 0 rg BT 378.72 372.80 Td (as ) Tj ET Q q 0 0 0 rg BT 387.04 372.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 415.35 372.80 Td (for ) Tj ET Q q 0 0 0 rg BT 426.33 372.80 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 464.86 372.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 496.71 372.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.03 372.80 Td (and ) Tj ET Q q 0 0 0 rg BT 530.24 372.80 Td (liabilities.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 357.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 357.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.37 357.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 99.38 357.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 138.17 357.20 Td (char) Tj ET Q q 0 0 0 rg BT 151.79 357.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 164.36 357.20 Td (amounting ) Tj ET Q q 0 0 0 rg BT 200.49 357.20 Td (to ) Tj ET Q q 0 0 0 rg BT 208.63 357.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.77 357.20 Td (522.5 ) Tj ET Q q 0 0 0 rg BT 244.68 357.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.79 357.20 Td ( ) Tj ET Q q 0 0 0 rg BT 269.71 357.20 Td (in ) Tj ET Q q 0 0 0 rg BT 277.84 357.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 302.40 357.20 Td (of ) Tj ET Q q 0 0 0 rg BT 310.98 357.20 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 343.34 357.20 Td (tangible ) Tj ET Q q 0 0 0 rg BT 371.02 357.20 Td (and ) Tj ET Q q 0 0 0 rg BT 384.48 357.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 418.39 357.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 438.96 357.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.10 357.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.10 357.20 Td (. ) Tj ET Q q 0 0 0 rg BT 467.01 357.20 Td (Due ) Tj ET Q q 0 0 0 rg BT 482.25 357.20 Td (to ) Tj ET Q q 0 0 0 rg BT 490.38 357.20 Td (the ) Tj ET Q q 0 0 0 rg BT 502.07 357.20 Td (lack ) Tj ET Q q 0 0 0 rg BT 517.31 357.20 Td (of ) Tj ET Q q 0 0 0 rg BT 525.88 357.20 Td (recovery ) Tj ET Q q 0 0 0 rg BT 555.78 357.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 347.60 Td (our ) Tj ET Q q 0 0 0 rg BT 62.75 347.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 90.15 347.60 Td (in ) Tj ET Q q 0 0 0 rg BT 98.46 347.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.32 347.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 131.95 347.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 156.69 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.43 347.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 185.52 347.60 Td (we ) Tj ET Q q 0 0 0 rg BT 196.93 347.60 Td (made ) Tj ET Q q 0 0 0 rg BT 216.33 347.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 252.19 347.60 Td (downward ) Tj ET Q q 0 0 0 rg BT 288.04 347.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 319.01 347.60 Td (in ) Tj ET Q q 0 0 0 rg BT 327.31 347.60 Td (our ) Tj ET Q q 0 0 0 rg BT 340.06 347.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 371.91 347.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.66 347.60 Td (the ) Tj ET Q q 0 0 0 rg BT 392.52 347.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.82 347.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 428.68 347.60 Td (that ) Tj ET Q q 0 0 0 rg BT 442.75 347.60 Td (our ) Tj ET Q q 0 0 0 rg BT 455.50 347.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 490.91 347.60 Td (will ) Tj ET Q q 0 0 0 rg BT 505.44 347.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 534.61 347.60 Td (in ) Tj ET Q q 0 0 0 rg BT 542.92 347.60 Td (future ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (periods. ) Tj ET Q q 0 0 0 rg BT 77.18 338.00 Td (The ) Tj ET Q q 0 0 0 rg BT 91.37 338.00 Td (impairments ) Tj ET Q q 0 0 0 rg BT 133.12 338.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 162.86 338.00 Td (included ) Tj ET Q q 0 0 0 rg BT 192.16 338.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 208.14 338.00 Td (7.2 ) Tj ET Q q 0 0 0 rg BT 219.90 338.00 Td (million ) Tj ET Q q 0 0 0 rg BT 244.77 338.00 Td (related ) Tj ET Q q 0 0 0 rg BT 268.29 338.00 Td (to ) Tj ET Q q 0 0 0 rg BT 276.26 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.79 338.00 Td (bTV) Tj ET Q q 0 0 0 rg BT 302.31 338.00 Td ( ) Tj ET Q q 0 0 0 rg BT 304.07 338.00 Td (trademark ) Tj ET Q q 0 0 0 rg BT 338.25 338.00 Td (in ) Tj ET Q q 0 0 0 rg BT 346.23 338.00 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 377.53 338.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 393.51 338.00 Td (28.1 ) Tj ET Q q 0 0 0 rg BT 409.27 338.00 Td (million ) Tj ET Q q 0 0 0 rg BT 434.14 338.00 Td (to ) Tj ET Q q 0 0 0 rg BT 442.12 338.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 458.98 338.00 Td (impair ) Tj ET Q q 0 0 0 rg BT 481.62 338.00 Td (the ) Tj ET Q q 0 0 0 rg BT 493.15 338.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 524.23 338.00 Td (relationship ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 328.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 84.30 328.40 Td (in ) Tj ET Q q 0 0 0 rg BT 92.84 328.40 Td (the ) Tj ET Q q 0 0 0 rg BT 104.93 328.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 129.46 328.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 162.66 328.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 179.20 328.40 Td (180.6 ) Tj ET Q q 0 0 0 rg BT 199.51 328.40 Td (million ) Tj ET Q q 0 0 0 rg BT 224.93 328.40 Td (to ) Tj ET Q q 0 0 0 rg BT 233.47 328.40 Td (fully ) Tj ET Q q 0 0 0 rg BT 250.89 328.40 Td (impair ) Tj ET Q q 0 0 0 rg BT 274.09 328.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.17 328.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 319.14 328.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 346.77 328.40 Td (in ) Tj ET Q q 0 0 0 rg BT 355.31 328.40 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 387.17 328.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 418.36 328.40 Td (and ) Tj ET Q q 0 0 0 rg BT 432.23 328.40 Td (the ) Tj ET Q q 0 0 0 rg BT 444.31 328.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 468.85 328.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 502.04 328.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 518.58 328.40 Td (297.9 ) Tj ET Q q 0 0 0 rg BT 538.89 328.40 Td (million ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 318.80 Td (related ) Tj ET Q q 0 0 0 rg BT 73.76 318.80 Td (to ) Tj ET Q q 0 0 0 rg BT 81.98 318.80 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 112.43 318.80 Td (in ) Tj ET Q q 0 0 0 rg BT 120.65 318.80 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 150.20 318.80 Td (and ) Tj ET Q q 0 0 0 rg BT 163.75 318.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.52 318.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 197.51 318.80 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 230.39 318.80 Td (and ) Tj ET Q q 0 0 0 rg BT 243.95 318.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 260.17 318.80 Td (8.7 ) Tj ET Q q 0 0 0 rg BT 272.17 318.80 Td (million ) Tj ET Q q 0 0 0 rg BT 297.29 318.80 Td (related ) Tj ET Q q 0 0 0 rg BT 321.05 318.80 Td (to ) Tj ET Q q 0 0 0 rg BT 329.27 318.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 364.15 318.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 384.82 318.80 Td (\(see ) Tj ET Q q 0 0 0 rg BT 399.70 318.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 416.36 318.80 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.36 318.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 441.91 318.80 Td (4, ) Tj ET Q q 0 0 0 rg BT 449.91 318.80 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 485.39 318.80 Td (and ) Tj ET Q q 0 0 0 rg BT 498.95 318.80 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 532.94 318.80 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.09 318.80 Td (\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 303.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 303.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.83 303.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 100.30 303.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 139.55 303.20 Td (char) Tj ET Q q 0 0 0 rg BT 153.17 303.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 166.21 303.20 Td (totaling ) Tj ET Q q 0 0 0 rg BT 193.03 303.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.63 303.20 Td (68.7 ) Tj ET Q q 0 0 0 rg BT 226.00 303.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.11 303.20 Td ( ) Tj ET Q q 0 0 0 rg BT 251.49 303.20 Td (in ) Tj ET Q q 0 0 0 rg BT 260.08 303.20 Td (201) Tj ET Q q 0 0 0 rg BT 271.79 303.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 278.16 303.20 Td (which ) Tj ET Q q 0 0 0 rg BT 300.09 303.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 330.44 303.20 Td (a ) Tj ET Q q 0 0 0 rg BT 336.36 303.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 352.96 303.20 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 365.34 303.20 Td (million ) Tj ET Q q 0 0 0 rg BT 390.82 303.20 Td (write-down ) Tj ET Q q 0 0 0 rg BT 430.08 303.20 Td (of ) Tj ET Q q 0 0 0 rg BT 439.12 303.20 Td (the ) Tj ET Q q 0 0 0 rg BT 451.26 303.20 Td (trademark ) Tj ET Q q 0 0 0 rg BT 486.06 303.20 Td (and ) Tj ET Q q 0 0 0 rg BT 499.99 303.20 Td (a ) Tj ET Q q 0 0 0 rg BT 505.91 303.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 522.51 303.20 Td (53.4 ) Tj ET Q q 0 0 0 rg BT 538.89 303.20 Td (million ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 293.60 Td (write-down ) Tj ET Q q 0 0 0 rg BT 89.20 293.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.19 293.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 128.96 293.60 Td (in ) Tj ET Q q 0 0 0 rg BT 137.51 293.60 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 169.38 293.60 Td (as ) Tj ET Q q 0 0 0 rg BT 178.37 293.60 Td (well ) Tj ET Q q 0 0 0 rg BT 194.46 293.60 Td (as ) Tj ET Q q 0 0 0 rg BT 203.45 293.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 220.00 293.60 Td (1) Tj ET Q q 0 0 0 rg BT 223.71 293.60 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 236.03 293.60 Td (million ) Tj ET Q q 0 0 0 rg BT 261.47 293.60 Td (related ) Tj ET Q q 0 0 0 rg BT 285.55 293.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.10 293.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.20 293.60 Td (write-of) Tj ET Q q 0 0 0 rg BT 331.82 293.60 Td (f ) Tj ET Q q 0 0 0 rg BT 336.81 293.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.80 293.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 376.57 293.60 Td (in ) Tj ET Q q 0 0 0 rg BT 385.11 293.60 Td (the ) Tj ET Q q 0 0 0 rg BT 397.21 293.60 Td (former ) Tj ET Q q 0 0 0 rg BT 421.30 293.60 Td (production ) Tj ET Q q 0 0 0 rg BT 458.29 293.60 Td (services ) Tj ET Q q 0 0 0 rg BT 486.38 293.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 518.02 293.60 Td (unit, ) Tj ET Q q 0 0 0 rg BT 534.79 293.60 Td (which ) Tj ET Q q 0 0 0 rg BT 556.67 293.60 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 284.00 Td (included ) Tj ET Q q 0 0 0 rg BT 79.75 284.00 Td (in ) Tj ET Q q 0 0 0 rg BT 88.19 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 100.17 284.00 Td (Romania ) Tj ET Q q 0 0 0 rg BT 131.26 284.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 162.79 284.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 177.44 284.00 Td (following ) Tj ET Q q 0 0 0 rg BT 210.76 284.00 Td (our ) Tj ET Q q 0 0 0 rg BT 223.63 284.00 Td (change ) Tj ET Q q 0 0 0 rg BT 248.49 284.00 Td (in ) Tj ET Q q 0 0 0 rg BT 256.92 284.00 Td (segments ) Tj ET Q q 0 0 0 rg BT 288.91 284.00 Td (as ) Tj ET Q q 0 0 0 rg BT 297.78 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.65 284.00 Td (January ) Tj ET Q q 0 0 0 rg BT 333.74 284.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 341.94 284.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 361.99 284.00 Td (W) Tj ET Q q 0 0 0 rg BT 368.90 284.00 Td (e ) Tj ET Q q 0 0 0 rg BT 374.66 284.00 Td (revised ) Tj ET Q q 0 0 0 rg BT 399.97 284.00 Td (our ) Tj ET Q q 0 0 0 rg BT 412.84 284.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 444.82 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 453.69 284.00 Td (future ) Tj ET Q q 0 0 0 rg BT 475.00 284.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 491.43 284.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 511.41 284.00 Td (in ) Tj ET Q q 0 0 0 rg BT 519.84 284.00 Td (each ) Tj ET Q q 0 0 0 rg BT 536.70 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 545.57 284.00 Td (these ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 274.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 81.88 274.40 Td (units ) Tj ET Q q 0 0 0 rg BT 99.99 274.40 Td (during ) Tj ET Q q 0 0 0 rg BT 123.44 274.40 Td (the ) Tj ET Q q 0 0 0 rg BT 135.77 274.40 Td (final ) Tj ET Q q 0 0 0 rg BT 152.98 274.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 178.19 274.40 Td (of ) Tj ET Q q 0 0 0 rg BT 187.41 274.40 Td (201) Tj ET Q q 0 0 0 rg BT 199.11 274.40 Td (1 ) Tj ET Q q 0 0 0 rg BT 205.67 274.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 237.99 274.40 Td (to ) Tj ET Q q 0 0 0 rg BT 246.77 274.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 269.75 274.40 Td (our ) Tj ET Q q 0 0 0 rg BT 282.97 274.40 Td (revised ) Tj ET Q q 0 0 0 rg BT 308.63 274.40 Td (expectations ) Tj ET Q q 0 0 0 rg BT 351.17 274.40 Td (of ) Tj ET Q q 0 0 0 rg BT 360.39 274.40 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 398.93 274.40 Td (in ) Tj ET Q q 0 0 0 rg BT 407.71 274.40 Td (the ) Tj ET Q q 0 0 0 rg BT 420.04 274.40 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 453.25 274.40 Td (and ) Tj ET Q q 0 0 0 rg BT 467.35 274.40 Td (its ) Tj ET Q q 0 0 0 rg BT 477.47 274.40 Td (periphery ) Tj ET Q q 0 0 0 rg BT 510.67 274.40 Td (on ) Tj ET Q q 0 0 0 rg BT 521.23 274.40 Td (our ) Tj ET Q q 0 0 0 rg BT 534.45 274.40 Td (Bulgaria ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 264.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.32 264.80 Td (and ) Tj ET Q q 0 0 0 rg BT 98.88 264.80 Td (an ) Tj ET Q q 0 0 0 rg BT 108.43 264.80 Td (expectation ) Tj ET Q q 0 0 0 rg BT 147.30 264.80 Td (of ) Tj ET Q q 0 0 0 rg BT 155.96 264.80 Td (challenges ) Tj ET Q q 0 0 0 rg BT 191.72 264.80 Td (in ) Tj ET Q q 0 0 0 rg BT 199.95 264.80 Td (growing ) Tj ET Q q 0 0 0 rg BT 228.61 264.80 Td (third ) Tj ET Q q 0 0 0 rg BT 245.72 264.80 Td (party ) Tj ET Q q 0 0 0 rg BT 264.16 264.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 294.59 264.80 Td (for ) Tj ET Q q 0 0 0 rg BT 305.91 264.80 Td (production ) Tj ET Q q 0 0 0 rg BT 342.57 264.80 Td (services.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 249.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 87.05 249.20 Td (loss:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.16 249.20 Td ( ) Tj ET Q q 0 0 0 rg BT 103.96 249.20 Td (The ) Tj ET Q q 0 0 0 rg BT 118.33 249.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 150.48 249.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 164.86 249.20 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.13 249.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.13 249.20 Td ( ) Tj ET Q q 0 0 0 rg BT 194.06 249.20 Td (was ) Tj ET Q q 0 0 0 rg BT 208.44 249.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.60 249.20 Td (183.1 ) Tj ET Q q 0 0 0 rg BT 244.54 249.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.65 249.20 Td ( ) Tj ET Q q 0 0 0 rg BT 269.59 249.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 303.07 249.20 Td (to ) Tj ET Q q 0 0 0 rg BT 311.23 249.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 343.37 249.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 357.76 249.20 Td (of ) Tj ET Q q 0 0 0 rg BT 366.36 249.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.52 249.20 Td (488.2 ) Tj ET Q q 0 0 0 rg BT 402.46 249.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.57 249.20 Td ( ) Tj ET Q q 0 0 0 rg BT 427.51 249.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.67 249.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.67 249.20 Td (. ) Tj ET Q q 0 0 0 rg BT 455.46 249.20 Td (The ) Tj ET Q q 0 0 0 rg BT 469.84 249.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 494.87 249.20 Td (in ) Tj ET Q q 0 0 0 rg BT 503.03 249.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.18 249.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 549.57 249.20 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 239.60 Td (lar) Tj ET Q q 0 0 0 rg BT 58.29 239.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 74.50 239.60 Td (due ) Tj ET Q q 0 0 0 rg BT 88.49 239.60 Td (to ) Tj ET Q q 0 0 0 rg BT 97.15 239.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 117.80 239.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 157.12 239.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.22 239.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 197.11 239.60 Td (and ) Tj ET Q q 0 0 0 rg BT 211.09 239.60 Td (other ) Tj ET Q q 0 0 0 rg BT 229.97 239.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.40 239.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.50 239.60 Td (in ) Tj ET Q q 0 0 0 rg BT 294.16 239.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.37 239.60 Td (current ) Tj ET Q q 0 0 0 rg BT 331.46 239.60 Td (year) Tj ET Q q 0 0 0 rg BT 344.79 239.60 Td (. ) Tj ET Q q 0 0 0 rg BT 349.22 239.60 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 384.54 239.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.75 239.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 420.96 239.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.06 239.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.27 239.60 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 486.70 239.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 519.35 239.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 534.24 239.60 Td (for ) Tj ET Q q 0 0 0 rg BT 546.00 239.60 Td (2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (would ) Tj ET Q q 0 0 0 rg BT 71.56 230.00 Td (have ) Tj ET Q q 0 0 0 rg BT 88.22 230.00 Td (been ) Tj ET Q q 0 0 0 rg BT 104.89 230.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.68 230.00 Td (103.4 ) Tj ET Q q 0 0 0 rg BT 140.24 230.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.35 230.00 Td ( ) Tj ET Q q 0 0 0 rg BT 164.91 230.00 Td (as ) Tj ET Q q 0 0 0 rg BT 173.14 230.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 206.24 230.00 Td (to ) Tj ET Q q 0 0 0 rg BT 214.02 230.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.79 230.00 Td (profit ) Tj ET Q q 0 0 0 rg BT 265.13 230.00 Td (of ) Tj ET Q q 0 0 0 rg BT 273.36 230.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.14 230.00 Td (34.3 ) Tj ET Q q 0 0 0 rg BT 304.71 230.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.82 230.00 Td ( ) Tj ET Q q 0 0 0 rg BT 329.38 230.00 Td (in ) Tj ET Q q 0 0 0 rg BT 337.16 230.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 356.61 230.00 Td (The ) Tj ET Q q 0 0 0 rg BT 370.61 230.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 395.27 230.00 Td (in ) Tj ET Q q 0 0 0 rg BT 403.06 230.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 439.28 230.00 Td (profitability ) Tj ET Q q 0 0 0 rg BT 479.05 230.00 Td (is ) Tj ET Q q 0 0 0 rg BT 485.95 230.00 Td (lar) Tj ET Q q 0 0 0 rg BT 494.24 230.00 Td (gely ) Tj ET Q q 0 0 0 rg BT 509.58 230.00 Td (due ) Tj ET Q q 0 0 0 rg BT 522.69 230.00 Td (to ) Tj ET Q q 0 0 0 rg BT 530.48 230.00 Td (decreased ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 220.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 81.12 220.40 Td (as ) Tj ET Q q 0 0 0 rg BT 90.47 220.40 Td (a ) Tj ET Q q 0 0 0 rg BT 96.71 220.40 Td (result ) Tj ET Q q 0 0 0 rg BT 117.17 220.40 Td (of ) Tj ET Q q 0 0 0 rg BT 126.52 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.99 220.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 175.44 220.40 Td (resistance ) Tj ET Q q 0 0 0 rg BT 209.67 220.40 Td (to ) Tj ET Q q 0 0 0 rg BT 218.58 220.40 Td (our ) Tj ET Q q 0 0 0 rg BT 231.94 220.40 Td (ef) Tj ET Q q 0 0 0 rg BT 238.01 220.40 Td (forts ) Tj ET Q q 0 0 0 rg BT 255.36 220.40 Td (to ) Tj ET Q q 0 0 0 rg BT 264.27 220.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 293.16 220.40 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 320.51 220.40 Td (particularly ) Tj ET Q q 0 0 0 rg BT 360.07 220.40 Td (in ) Tj ET Q q 0 0 0 rg BT 368.98 220.40 Td (the ) Tj ET Q q 0 0 0 rg BT 381.44 220.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 404.12 220.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 437.69 220.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 477.26 220.40 Td (char) Tj ET Q q 0 0 0 rg BT 490.88 220.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 504.23 220.40 Td (for ) Tj ET Q q 0 0 0 rg BT 516.25 220.40 Td (non-realizable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 210.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.55 210.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 116.21 210.80 Td (and ) Tj ET Q q 0 0 0 rg BT 129.76 210.80 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 172.64 210.80 Td (costs.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 195.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.17 195.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 96.12 195.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 110.30 195.20 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.36 195.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.36 195.20 Td ( ) Tj ET Q q 0 0 0 rg BT 139.09 195.20 Td (was ) Tj ET Q q 0 0 0 rg BT 153.27 195.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.23 195.20 Td (488.2 ) Tj ET Q q 0 0 0 rg BT 188.96 195.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.07 195.20 Td ( ) Tj ET Q q 0 0 0 rg BT 213.81 195.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 247.08 195.20 Td (to ) Tj ET Q q 0 0 0 rg BT 255.04 195.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.98 195.20 Td (income ) Tj ET Q q 0 0 0 rg BT 312.26 195.20 Td (of ) Tj ET Q q 0 0 0 rg BT 320.66 195.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.62 195.20 Td (6.8 ) Tj ET Q q 0 0 0 rg BT 348.35 195.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.46 195.20 Td ( ) Tj ET Q q 0 0 0 rg BT 373.20 195.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.15 195.20 Td (201) Tj ET Q q 0 0 0 rg BT 392.86 195.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.86 195.20 Td (, ) Tj ET Q q 0 0 0 rg BT 400.59 195.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 432.09 195.20 Td (as ) Tj ET Q q 0 0 0 rg BT 440.49 195.20 Td (a ) Tj ET Q q 0 0 0 rg BT 445.78 195.20 Td (result ) Tj ET Q q 0 0 0 rg BT 465.28 195.20 Td (of ) Tj ET Q q 0 0 0 rg BT 473.68 195.20 Td (the ) Tj ET Q q 0 0 0 rg BT 485.19 195.20 Td (impairments ) Tj ET Q q 0 0 0 rg BT 526.91 195.20 Td (recognized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 185.60 Td (related ) Tj ET Q q 0 0 0 rg BT 73.73 185.60 Td (to ) Tj ET Q q 0 0 0 rg BT 81.92 185.60 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 114.34 185.60 Td (tangible ) Tj ET Q q 0 0 0 rg BT 142.08 185.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 185.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 189.56 185.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 212.19 185.60 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 247.05 185.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.79 185.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 282.53 185.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.16 185.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.91 185.60 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 346.87 185.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.50 185.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 391.68 185.60 Td (income ) Tj ET Q q 0 0 0 rg BT 417.20 185.60 Td (for ) Tj ET Q q 0 0 0 rg BT 428.50 185.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 446.47 185.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.99 185.60 Td (201) Tj ET Q q 0 0 0 rg BT 471.69 185.60 Td (1would ) Tj ET Q q 0 0 0 rg BT 497.66 185.60 Td (have ) Tj ET Q q 0 0 0 rg BT 514.73 185.60 Td (been ) Tj ET Q q 0 0 0 rg BT 531.80 185.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.00 185.60 Td (34.3 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 176.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.11 176.00 Td ( ) Tj ET Q q 0 0 0 rg BT 75.11 176.00 Td (and ) Tj ET Q q 0 0 0 rg BT 88.66 176.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 104.89 176.00 Td (75.5 ) Tj ET Q q 0 0 0 rg BT 120.89 176.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 148.00 176.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 186.13 176.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 160.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.23 160.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 96.24 160.40 Td (mar) Tj ET Q q 0 0 0 rg BT 108.53 160.40 Td (gin ) Tj ET Q q 0 0 0 rg BT 120.54 160.40 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.78 160.40 Td (\(26.5\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.77 160.40 Td ( ) Tj ET Q q 0 0 0 rg BT 162.56 160.40 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.24 160.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.24 160.40 Td (, ) Tj ET Q q 0 0 0 rg BT 205.03 160.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 238.36 160.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.38 160.40 Td (\(63.2\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.37 160.40 Td ( ) Tj ET Q q 0 0 0 rg BT 274.16 160.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.18 160.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.18 160.40 Td ( ) Tj ET Q q 0 0 0 rg BT 299.97 160.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.31 160.40 Td (0.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.98 160.40 Td ( ) Tj ET Q q 0 0 0 rg BT 331.77 160.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.78 160.40 Td (201) Tj ET Q q 0 0 0 rg BT 351.49 160.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.49 160.40 Td (. ) Tj ET Q q 0 0 0 rg BT 359.28 160.40 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 393.95 160.40 Td (the ) Tj ET Q q 0 0 0 rg BT 405.52 160.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 429.08 160.40 Td (of ) Tj ET Q q 0 0 0 rg BT 437.54 160.40 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 468.21 160.40 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 498.44 160.40 Td (and ) Tj ET Q q 0 0 0 rg BT 511.79 160.40 Td (other ) Tj ET Q q 0 0 0 rg BT 530.02 160.40 Td (intangible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 150.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 67.55 150.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 106.43 150.80 Td (char) Tj ET Q q 0 0 0 rg BT 120.05 150.80 Td (ges, ) Tj ET Q q 0 0 0 rg BT 134.71 150.80 Td (our ) Tj ET Q q 0 0 0 rg BT 147.38 150.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.59 150.80 Td (mar) Tj ET Q q 0 0 0 rg BT 191.88 150.80 Td (gins ) Tj ET Q q 0 0 0 rg BT 207.22 150.80 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.76 150.80 Td (\(15.0\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.75 150.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.75 150.80 Td (4.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.42 150.80 Td ( ) Tj ET Q q 0 0 0 rg BT 273.42 150.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.97 150.80 Td (8.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.63 150.80 Td ( ) Tj ET Q q 0 0 0 rg BT 305.63 150.80 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.52 150.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.52 150.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.52 150.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.52 150.80 Td ( ) Tj ET Q q 0 0 0 rg BT 366.52 150.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.07 150.80 Td (201) Tj ET Q q 0 0 0 rg BT 391.77 150.80 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.77 150.80 Td (, ) Tj ET Q q 0 0 0 rg BT 399.77 150.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 437.90 150.80 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (30) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (II ) Tj ET Q q 0 0 0 rg BT 58.23 743.60 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 68.22 743.60 Td (Other) Tj ET Q q 0 0 0 rg BT 88.51 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 90.51 743.60 Td (income ) Tj ET Q q 0 0 0 rg BT 116.95 743.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 121.17 743.60 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 155.16 743.60 Td (items ) Tj ET Q q 0 0 0 rg BT 175.38 743.60 Td (for) Tj ET Q q 0 0 0 rg BT 185.45 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.45 743.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.11 743.60 Td (years ) Tj ET Q q 0 0 0 rg BT 220.33 743.60 Td (ending ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 245.45 743.60 Td (December) Tj ET Q q 0 0 0 rg BT 279.95 743.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 293.95 743.60 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 309.95 743.60 Td (, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.95 743.60 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.95 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.95 743.60 Td (and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.85 743.60 Td (201) Tj ET Q q 0 0 0 rg BT 358.41 743.60 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.41 743.60 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 688.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 688.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 688.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 688.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 688.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 688.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 688.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 688.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 658.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 658.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 658.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 658.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 658.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 658.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 658.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 658.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 658.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 658.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 658.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 628.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 628.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 628.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 628.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 628.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 628.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 628.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 628.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 628.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 628.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 628.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 628.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 598.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 598.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 598.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 598.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 598.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 598.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 598.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 598.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 598.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 598.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 598.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 598.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 568.10 174.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 568.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 568.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 568.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 568.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 568.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 568.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 568.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 568.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 568.10 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 568.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 568.10 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 718.1 m 276.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 718.1 m 280.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 718.1 m 332.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 718.1 m 336.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 718.1 m 388.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 718.1 m 392.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 718.1 m 444.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 718.1 m 448.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 718.1 m 500.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 718.1 m 504.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 718.1 m 556.5 718.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 703.1 m 276.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 703.1 m 280.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 703.1 m 332.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 703.1 m 336.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 703.1 m 388.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 703.1 m 392.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 703.1 m 444.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 703.1 m 448.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 703.1 m 500.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 703.1 m 504.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 703.1 m 556.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 688.1 m 276.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 688.1 m 332.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 688.1 m 388.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 703.1 m 444.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 688.1 m 444.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 703.1 m 500.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 688.1 m 500.5 688.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 703.1 m 556.5 703.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 688.1 m 556.5 688.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 722.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.15 722.33 Td (Other Income / \(Expense\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 707.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.55 707.33 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 692.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 692.33 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.00 692.33 Td (2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 365.50 692.33 Td (% Act) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.00 692.33 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.40 692.33 Td (2011) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 533.50 692.33 Td (% Act) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 677.35 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.99 677.35 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.30 677.35 Td (504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.30 677.35 Td (779) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 361.95 677.35 Td (\(35.3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 378.65 677.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 677.35 Td (779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.00 677.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.30 677.35 Td (2,753) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.95 677.35 Td (\(71.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 546.65 677.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 662.35 Td (Interest ) Tj ET Q q 0 0 0 rg BT 78.99 662.35 Td (expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.60 662.35 Td (\(111,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 662.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.60 662.35 Td (\(127,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.30 662.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.65 662.35 Td (12.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.25 662.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.60 662.35 Td (\(127,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.30 662.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.60 662.35 Td (\(135,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 662.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.65 662.35 Td (5.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 549.30 662.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 647.35 Td (Loss ) Tj ET Q q 0 0 0 rg BT 70.11 647.35 Td (on ) Tj ET Q q 0 0 0 rg BT 80.11 647.35 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 131.44 647.35 Td (of ) Tj ET Q q 0 0 0 rg BT 140.11 647.35 Td (debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.60 647.35 Td (\(23,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 647.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.60 647.35 Td (\(198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.30 647.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.80 647.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 378.91 650.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.60 647.35 Td (\(198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.30 647.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.60 647.35 Td (\(25,904) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 647.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 532.65 647.35 Td (99.2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 549.30 647.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 632.35 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 79.89 632.35 Td (currency ) Tj ET Q q 0 0 0 rg BT 109.87 632.35 Td (exchange ) Tj ET Q q 0 0 0 rg BT 142.07 632.35 Td (gain ) Tj ET Q q 0 0 0 rg BT 157.84 632.35 Td (/ ) Tj ET Q q 0 0 0 rg BT 162.07 632.35 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 183.84 632.35 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.25 632.35 Td (19,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 632.35 Td (4,922) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.80 632.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 378.91 635.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 632.35 Td (4,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.60 632.35 Td (\(31,124) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 632.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.80 632.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 546.91 635.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 617.35 Td (Change ) Tj ET Q q 0 0 0 rg BT 79.44 617.35 Td (in ) Tj ET Q q 0 0 0 rg BT 87.66 617.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 100.76 617.35 Td (value ) Tj ET Q q 0 0 0 rg BT 120.09 617.35 Td (of ) Tj ET Q q 0 0 0 rg BT 128.75 617.35 Td (derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.30 617.35 Td (104) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.25 617.35 Td (49,027) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.80 617.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 378.91 620.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.25 617.35 Td (49,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.30 617.35 Td (7,281) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.80 617.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 546.91 620.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 602.35 Td (Other ) Tj ET Q q 0 0 0 rg BT 73.21 602.35 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 106.31 602.35 Td (/ ) Tj ET Q q 0 0 0 rg BT 110.53 602.35 Td (income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.60 602.35 Td (\(591) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 602.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.30 602.35 Td (901) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.80 602.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 378.91 605.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 602.35 Td (901) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 602.35 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.80 602.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 546.91 605.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 587.35 Td (Credit ) Tj ET Q q 0 0 0 rg BT 75.00 587.35 Td (/ ) Tj ET Q q 0 0 0 rg BT 79.22 587.35 Td (\(provision\) ) Tj ET Q q 0 0 0 rg BT 116.77 587.35 Td (for ) Tj ET Q q 0 0 0 rg BT 128.10 587.35 Td (income ) Tj ET Q q 0 0 0 rg BT 153.64 587.35 Td (taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.25 587.35 Td (17,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.25 587.35 Td (14,139) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.65 587.35 Td (20.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 381.25 587.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.25 587.35 Td (14,139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.60 587.35 Td (\(3,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 587.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.80 587.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 546.91 590.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 572.35 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.55 572.35 Td (loss ) Tj ET Q q 0 0 0 rg BT 81.00 572.35 Td (attributable ) Tj ET Q q 0 0 0 rg BT 119.43 572.35 Td (to ) Tj ET Q q 0 0 0 rg BT 127.65 572.35 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 176.76 572.35 Td (interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.30 572.35 Td (3,882) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.25 572.35 Td (10,713) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 361.95 572.35 Td (\(63.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 378.65 572.35 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.25 572.35 Td (10,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.30 572.35 Td (4,993) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.65 572.35 Td (114.6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 549.30 572.35 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 557.35 Td (Currency ) Tj ET Q q 0 0 0 rg BT 84.77 557.35 Td (translation ) Tj ET Q q 0 0 0 rg BT 120.54 557.35 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 159.64 557.35 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.00 557.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.60 557.35 Td (\(58,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 557.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.00 557.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.25 557.35 Td (28,651) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.80 557.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 378.91 560.97 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.00 557.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.25 557.35 Td (28,651) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.00 557.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.60 557.35 Td (\(59,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 557.35 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 533.80 557.35 Td (Nm ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 546.91 560.97 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 544.00 Td (\(1\) Number is not meaningful.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 528.40 Td (Inter) Tj ET Q q 0 0 0 rg BT 67.18 528.40 Td (est ) Tj ET Q q 0 0 0 rg BT 78.14 528.40 Td (income:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.25 528.40 Td ( ) Tj ET Q q 0 0 0 rg BT 106.76 528.40 Td (W) Tj ET Q q 0 0 0 rg BT 113.67 528.40 Td (e ) Tj ET Q q 0 0 0 rg BT 118.85 528.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 155.57 528.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 180.75 528.40 Td (income ) Tj ET Q q 0 0 0 rg BT 205.93 528.40 Td (of ) Tj ET Q q 0 0 0 rg BT 214.23 528.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.08 528.40 Td (0.5 ) Tj ET Q q 0 0 0 rg BT 241.72 528.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.83 528.40 Td (, ) Tj ET Q q 0 0 0 rg BT 268.46 528.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.32 528.40 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 295.95 528.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.07 528.40 Td ( ) Tj ET Q q 0 0 0 rg BT 320.70 528.40 Td (and ) Tj ET Q q 0 0 0 rg BT 333.88 528.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.74 528.40 Td (2.8 ) Tj ET Q q 0 0 0 rg BT 361.37 528.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.48 528.40 Td ( ) Tj ET Q q 0 0 0 rg BT 386.12 528.40 Td (for ) Tj ET Q q 0 0 0 rg BT 397.08 528.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.48 528.40 Td (years ) Tj ET Q q 0 0 0 rg BT 426.99 528.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 447.72 528.40 Td (December ) Tj ET Q q 0 0 0 rg BT 482.22 528.40 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.86 528.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.86 528.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.49 528.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.49 528.40 Td ( ) Tj ET Q q 0 0 0 rg BT 531.12 528.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 528.40 Td (201) Tj ET Q q 0 0 0 rg BT 556.00 528.40 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.00 528.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 518.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 88.13 518.80 Td (. ) Tj ET Q q 0 0 0 rg BT 91.98 518.80 Td (The ) Tj ET Q q 0 0 0 rg BT 106.42 518.80 Td (year) Tj ET Q q 0 0 0 rg BT 120.03 518.80 Td (-over) Tj ET Q q 0 0 0 rg BT 136.75 518.80 Td (-year ) Tj ET Q q 0 0 0 rg BT 155.18 518.80 Td (declines ) Tj ET Q q 0 0 0 rg BT 183.39 518.80 Td (are ) Tj ET Q q 0 0 0 rg BT 195.15 518.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.92 518.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.70 518.80 Td (result ) Tj ET Q q 0 0 0 rg BT 258.47 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 267.13 518.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 287.35 518.80 Td (average ) Tj ET Q q 0 0 0 rg BT 314.21 518.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 330.43 518.80 Td (balances.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 503.20 Td (Inter) Tj ET Q q 0 0 0 rg BT 67.18 503.20 Td (est ) Tj ET Q q 0 0 0 rg BT 78.75 503.20 Td (expense:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.08 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 110.32 503.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 136.55 503.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 164.56 503.20 Td (for ) Tj ET Q q 0 0 0 rg BT 176.13 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.14 503.20 Td (years ) Tj ET Q q 0 0 0 rg BT 207.26 503.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 228.61 503.20 Td (December ) Tj ET Q q 0 0 0 rg BT 263.71 503.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.96 503.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 296.20 503.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 314.44 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 328.23 503.20 Td (201) Tj ET Q q 0 0 0 rg BT 339.93 503.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 346.17 503.20 Td (was ) Tj ET Q q 0 0 0 rg BT 360.86 503.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.32 503.20 Td (1) Tj ET Q q 0 0 0 rg BT 381.03 503.20 Td (1) Tj ET Q q 0 0 0 rg BT 384.73 503.20 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 396.97 503.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.08 503.20 Td (, ) Tj ET Q q 0 0 0 rg BT 424.33 503.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.79 503.20 Td (127.8 ) Tj ET Q q 0 0 0 rg BT 461.04 503.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.15 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 486.39 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 500.18 503.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.65 503.20 Td (135.6 ) Tj ET Q q 0 0 0 rg BT 536.89 503.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.00 503.20 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 493.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 88.13 493.60 Td (. ) Tj ET Q q 0 0 0 rg BT 92.50 493.60 Td (The ) Tj ET Q q 0 0 0 rg BT 107.49 493.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 137.58 493.60 Td (in ) Tj ET Q q 0 0 0 rg BT 146.36 493.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 172.46 493.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 200.78 493.60 Td (is ) Tj ET Q q 0 0 0 rg BT 208.67 493.60 Td (lar) Tj ET Q q 0 0 0 rg BT 216.97 493.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 233.30 493.60 Td (due ) Tj ET Q q 0 0 0 rg BT 247.40 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.18 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.51 493.60 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 308.82 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.04 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.37 493.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 348.93 493.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 389.25 493.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 410.47 493.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.58 493.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 443.13 493.60 Td (Floating ) Tj ET Q q 0 0 0 rg BT 472.36 493.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 489.57 493.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 510.79 493.60 Td (in ) Tj ET Q q 0 0 0 rg BT 519.57 493.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 538.13 493.60 Td (and ) Tj ET Q q 0 0 0 rg BT 552.23 493.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 484.00 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 86.78 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 95.58 484.00 Td (a ) Tj ET Q q 0 0 0 rg BT 101.26 484.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 126.50 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 135.30 484.00 Td (the ) Tj ET Q q 0 0 0 rg BT 147.21 484.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 165.34 484.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 185.70 484.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 202.49 484.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 223.29 484.00 Td (in ) Tj ET Q q 0 0 0 rg BT 231.65 484.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 249.78 484.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 264.79 484.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 281.59 484.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.72 484.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 307.41 484.00 Td (5, ) Tj ET Q q 0 0 0 rg BT 315.54 484.00 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 355.15 484.00 Td (Debt ) Tj ET Q q 0 0 0 rg BT 372.83 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 386.52 484.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 406.87 484.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 440.53 484.00 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.11 484.00 Td ( ) Tj ET Q q 0 0 0 rg BT 491.24 484.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.93 484.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 522.61 484.00 Td (16, ) Tj ET Q q 0 0 0 rg BT 534.75 484.00 Td ("Interest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 474.40 Td (Expense") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.37 474.40 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 458.80 Td (Loss ) Tj ET Q q 0 0 0 rg BT 67.31 458.80 Td (on ) Tj ET Q q 0 0 0 rg BT 77.51 458.80 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 131.71 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 140.12 458.80 Td (debt: ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.64 458.80 Td (During ) Tj ET Q q 0 0 0 rg BT 184.05 458.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 203.80 458.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 221.55 458.80 Td (and ) Tj ET Q q 0 0 0 rg BT 234.85 458.80 Td (201) Tj ET Q q 0 0 0 rg BT 246.55 458.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 254.30 458.80 Td (we ) Tj ET Q q 0 0 0 rg BT 265.38 458.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 302.21 458.80 Td (net ) Tj ET Q q 0 0 0 rg BT 313.74 458.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 334.60 458.80 Td (on ) Tj ET Q q 0 0 0 rg BT 344.35 458.80 Td (the ) Tj ET Q q 0 0 0 rg BT 355.87 458.80 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 406.94 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 415.36 458.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 430.88 458.80 Td (of ) Tj ET Q q 0 0 0 rg BT 439.29 458.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.26 458.80 Td (23.1 ) Tj ET Q q 0 0 0 rg BT 471.01 458.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.13 458.80 Td (, ) Tj ET Q q 0 0 0 rg BT 497.87 458.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.85 458.80 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 525.60 458.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.71 458.80 Td ( ) Tj ET Q q 0 0 0 rg BT 550.46 458.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 449.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.23 449.20 Td (25.9 ) Tj ET Q q 0 0 0 rg BT 82.22 449.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.34 449.20 Td (, ) Tj ET Q q 0 0 0 rg BT 109.34 449.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 147.47 449.20 Td (. ) Tj ET Q q 0 0 0 rg BT 151.46 449.20 Td (In ) Tj ET Q q 0 0 0 rg BT 160.13 449.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 180.13 449.20 Td (we ) Tj ET Q q 0 0 0 rg BT 191.45 449.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 228.54 449.20 Td (a ) Tj ET Q q 0 0 0 rg BT 234.09 449.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 248.54 449.20 Td (on ) Tj ET Q q 0 0 0 rg BT 258.54 449.20 Td (the ) Tj ET Q q 0 0 0 rg BT 270.31 449.20 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 306.96 449.20 Td (of ) Tj ET Q q 0 0 0 rg BT 315.62 449.20 Td (a ) Tj ET Q q 0 0 0 rg BT 321.17 449.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 346.28 449.20 Td (of ) Tj ET Q q 0 0 0 rg BT 354.94 449.20 Td (our ) Tj ET Q q 0 0 0 rg BT 367.60 449.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 385.60 449.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 405.82 449.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 422.48 449.20 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 445.15 449.20 Td (In ) Tj ET Q q 0 0 0 rg BT 453.81 449.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 473.81 449.20 Td (we ) Tj ET Q q 0 0 0 rg BT 485.14 449.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 522.22 449.20 Td (a ) Tj ET Q q 0 0 0 rg BT 527.77 449.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 542.22 449.20 Td (on ) Tj ET Q q 0 0 0 rg BT 552.22 449.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 439.60 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 86.46 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.95 439.60 Td (a ) Tj ET Q q 0 0 0 rg BT 100.32 439.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 125.25 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.73 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.32 439.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 163.14 439.60 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 202.73 439.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 225.21 439.60 Td (which ) Tj ET Q q 0 0 0 rg BT 246.58 439.60 Td (was ) Tj ET Q q 0 0 0 rg BT 260.84 439.60 Td (lar) Tj ET Q q 0 0 0 rg BT 269.14 439.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 284.73 439.60 Td (of) Tj ET Q q 0 0 0 rg BT 291.25 439.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 304.62 439.60 Td (by ) Tj ET Q q 0 0 0 rg BT 314.44 439.60 Td (a ) Tj ET Q q 0 0 0 rg BT 319.81 439.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 335.40 439.60 Td (on ) Tj ET Q q 0 0 0 rg BT 345.22 439.60 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 396.37 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.85 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.45 439.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 450.70 439.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 480.95 439.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.43 439.60 Td (the ) Tj ET Q q 0 0 0 rg BT 501.03 439.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 518.85 439.60 Td (Floating ) Tj ET Q q 0 0 0 rg BT 547.33 439.60 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 430.00 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 72.59 430.00 Td (In ) Tj ET Q q 0 0 0 rg BT 81.17 430.00 Td (201) Tj ET Q q 0 0 0 rg BT 92.88 430.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 100.80 430.00 Td (we ) Tj ET Q q 0 0 0 rg BT 112.05 430.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 141.95 430.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 162.99 430.00 Td (on ) Tj ET Q q 0 0 0 rg BT 172.91 430.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.61 430.00 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 235.86 430.00 Td (related ) Tj ET Q q 0 0 0 rg BT 259.54 430.00 Td (to ) Tj ET Q q 0 0 0 rg BT 267.69 430.00 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 307.37 430.00 Td (of ) Tj ET Q q 0 0 0 rg BT 315.96 430.00 Td (a ) Tj ET Q q 0 0 0 rg BT 321.43 430.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 346.46 430.00 Td (of ) Tj ET Q q 0 0 0 rg BT 355.05 430.00 Td (each ) Tj ET Q q 0 0 0 rg BT 371.63 430.00 Td (the ) Tj ET Q q 0 0 0 rg BT 383.32 430.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 401.25 430.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 440.94 430.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 461.52 430.00 Td (and ) Tj ET Q q 0 0 0 rg BT 475.00 430.00 Td (the ) Tj ET Q q 0 0 0 rg BT 486.69 430.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 504.62 430.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 524.76 430.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 541.35 430.00 Td (Notes.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 414.40 Td (For) Tj ET Q q 0 0 0 rg BT 62.29 414.40 Td (eign ) Tj ET Q q 0 0 0 rg BT 79.06 414.40 Td (curr) Tj ET Q q 0 0 0 rg BT 94.01 414.40 Td (ency ) Tj ET Q q 0 0 0 rg BT 112.11 414.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 146.20 414.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 163.41 414.40 Td (/ ) Tj ET Q q 0 0 0 rg BT 168.17 414.40 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 190.49 414.40 Td (net:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.82 414.40 Td () Tj ET Q q 0 0 0 rg BT 205.68 414.40 Td (W) Tj ET Q q 0 0 0 rg BT 212.59 414.40 Td (e ) Tj ET Q q 0 0 0 rg BT 218.68 414.40 Td (are ) Tj ET Q q 0 0 0 rg BT 230.98 414.40 Td (exposed ) Tj ET Q q 0 0 0 rg BT 259.74 414.40 Td (to ) Tj ET Q q 0 0 0 rg BT 268.50 414.40 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 308.81 414.40 Td (in ) Tj ET Q q 0 0 0 rg BT 317.58 414.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 343.22 414.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 375.96 414.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 393.61 414.40 Td (on ) Tj ET Q q 0 0 0 rg BT 404.15 414.40 Td (the ) Tj ET Q q 0 0 0 rg BT 416.46 414.40 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 454.99 414.40 Td (of ) Tj ET Q q 0 0 0 rg BT 464.19 414.40 Td (monetary ) Tj ET Q q 0 0 0 rg BT 496.95 414.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.15 414.40 Td (and ) Tj ET Q q 0 0 0 rg BT 532.24 414.40 Td (liabilities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 404.80 Td (denominated ) Tj ET Q q 0 0 0 rg BT 93.63 404.80 Td (in ) Tj ET Q q 0 0 0 rg BT 102.15 404.80 Td (currencies ) Tj ET Q q 0 0 0 rg BT 137.33 404.80 Td (other ) Tj ET Q q 0 0 0 rg BT 156.07 404.80 Td (than ) Tj ET Q q 0 0 0 rg BT 172.15 404.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.23 404.80 Td (local ) Tj ET Q q 0 0 0 rg BT 202.08 404.80 Td (functional ) Tj ET Q q 0 0 0 rg BT 236.82 404.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 267.11 404.80 Td (of ) Tj ET Q q 0 0 0 rg BT 276.08 404.80 Td (the ) Tj ET Q q 0 0 0 rg BT 288.16 404.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 316.22 404.80 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 348.59 404.80 Td (. ) Tj ET Q q 0 0 0 rg BT 352.73 404.80 Td (This ) Tj ET Q q 0 0 0 rg BT 369.26 404.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 398.22 404.80 Td (third ) Tj ET Q q 0 0 0 rg BT 415.64 404.80 Td (party ) Tj ET Q q 0 0 0 rg BT 434.38 404.80 Td (receivables ) Tj ET Q q 0 0 0 rg BT 472.66 404.80 Td (and ) Tj ET Q q 0 0 0 rg BT 486.52 404.80 Td (payables, ) Tj ET Q q 0 0 0 rg BT 518.81 404.80 Td (including ) Tj ET Q q 0 0 0 rg BT 551.34 404.80 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 395.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 73.40 395.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 96.58 395.20 Td (which ) Tj ET Q q 0 0 0 rg BT 118.65 395.20 Td (are ) Tj ET Q q 0 0 0 rg BT 130.93 395.20 Td (denominated ) Tj ET Q q 0 0 0 rg BT 174.77 395.20 Td (in ) Tj ET Q q 0 0 0 rg BT 183.50 395.20 Td (Euros, ) Tj ET Q q 0 0 0 rg BT 206.68 395.20 Td (as ) Tj ET Q q 0 0 0 rg BT 215.86 395.20 Td (well ) Tj ET Q q 0 0 0 rg BT 232.15 395.20 Td (as ) Tj ET Q q 0 0 0 rg BT 241.33 395.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 265.61 395.20 Td (of ) Tj ET Q q 0 0 0 rg BT 274.79 395.20 Td (our ) Tj ET Q q 0 0 0 rg BT 287.97 395.20 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 334.47 395.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 353.87 395.20 Td (which ) Tj ET Q q 0 0 0 rg BT 375.94 395.20 Td (are ) Tj ET Q q 0 0 0 rg BT 388.22 395.20 Td (not ) Tj ET Q q 0 0 0 rg BT 400.96 395.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 438.13 395.20 Td (of ) Tj ET Q q 0 0 0 rg BT 447.30 395.20 Td (a ) Tj ET Q q 0 0 0 rg BT 453.37 395.20 Td (long-term ) Tj ET Q q 0 0 0 rg BT 487.43 395.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 525.05 395.20 Td (nature. ) Tj ET Q q 0 0 0 rg BT 549.56 395.20 Td (Our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 385.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 89.55 385.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 121.08 385.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 145.94 385.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 172.60 385.60 Td (via ) Tj ET Q q 0 0 0 rg BT 184.15 385.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 202.81 385.60 Td (that ) Tj ET Q q 0 0 0 rg BT 216.58 385.60 Td (are ) Tj ET Q q 0 0 0 rg BT 228.11 385.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 271.21 385.60 Td (in ) Tj ET Q q 0 0 0 rg BT 279.20 385.60 Td (currencies ) Tj ET Q q 0 0 0 rg BT 313.84 385.60 Td (other ) Tj ET Q q 0 0 0 rg BT 332.05 385.60 Td (than ) Tj ET Q q 0 0 0 rg BT 347.60 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.14 385.60 Td (dollar) Tj ET Q q 0 0 0 rg BT 377.48 385.60 Td (, ) Tj ET Q q 0 0 0 rg BT 381.25 385.60 Td (and ) Tj ET Q q 0 0 0 rg BT 394.58 385.60 Td (any ) Tj ET Q q 0 0 0 rg BT 407.90 385.60 Td (change ) Tj ET Q q 0 0 0 rg BT 432.33 385.60 Td (in ) Tj ET Q q 0 0 0 rg BT 440.32 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.87 385.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 479.40 385.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 511.38 385.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 525.14 385.60 Td (will ) Tj ET Q q 0 0 0 rg BT 539.36 385.60 Td (require ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 376.00 Td (us ) Tj ET Q q 0 0 0 rg BT 59.03 376.00 Td (to ) Tj ET Q q 0 0 0 rg BT 67.18 376.00 Td (recognize ) Tj ET Q q 0 0 0 rg BT 100.19 376.00 Td (a ) Tj ET Q q 0 0 0 rg BT 105.66 376.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 142.68 376.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 158.37 376.00 Td (or ) Tj ET Q q 0 0 0 rg BT 166.96 376.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.33 376.00 Td (on ) Tj ET Q q 0 0 0 rg BT 191.25 376.00 Td (revaluation. ) Tj ET Q q 0 0 0 rg BT 231.15 376.00 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 266.41 376.00 Td (in ) Tj ET Q q 0 0 0 rg BT 274.55 376.00 Td (the ) Tj ET Q q 0 0 0 rg BT 286.25 376.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 307.72 376.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 332.29 376.00 Td (of ) Tj ET Q q 0 0 0 rg BT 340.88 376.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 360.80 376.00 Td (we ) Tj ET Q q 0 0 0 rg BT 372.04 376.00 Td (classified ) Tj ET Q q 0 0 0 rg BT 404.18 376.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 427.86 376.00 Td (of ) Tj ET Q q 0 0 0 rg BT 436.44 376.00 Td (our ) Tj ET Q q 0 0 0 rg BT 449.03 376.00 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 494.93 376.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 513.74 376.00 Td (as ) Tj ET Q q 0 0 0 rg BT 522.33 376.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 555.79 376.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 366.40 Td (nature, ) Tj ET Q q 0 0 0 rg BT 73.22 366.40 Td (and ) Tj ET Q q 0 0 0 rg BT 86.00 366.40 Td (therefore ) Tj ET Q q 0 0 0 rg BT 116.10 366.40 Td (no ) Tj ET Q q 0 0 0 rg BT 125.34 366.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 147.01 366.40 Td (record ) Tj ET Q q 0 0 0 rg BT 168.67 366.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 186.79 366.40 Td (or ) Tj ET Q q 0 0 0 rg BT 194.68 366.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 215.03 366.40 Td (on ) Tj ET Q q 0 0 0 rg BT 224.26 366.40 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 261.48 366.40 Td (through ) Tj ET Q q 0 0 0 rg BT 287.60 366.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.60 366.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 330.49 366.40 Td (of ) Tj ET Q q 0 0 0 rg BT 338.39 366.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 372.95 366.40 Td (and ) Tj ET Q q 0 0 0 rg BT 385.73 366.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 435.39 366.40 Td (income. ) Tj ET Q q 0 0 0 rg BT 462.17 366.40 Td (See ) Tj ET Q q 0 0 0 rg BT 474.95 366.40 Td (discussion ) Tj ET Q q 0 0 0 rg BT 509.52 366.40 Td (under ) Tj ET Q q 0 0 0 rg BT 528.96 366.40 Td ("Currency ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 356.80 Td (translation ) Tj ET Q q 0 0 0 rg BT 85.77 356.80 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 124.88 356.80 Td (net" ) Tj ET Q q 0 0 0 rg BT 139.91 356.80 Td (below) Tj ET Q q 0 0 0 rg BT 158.95 356.80 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 341.20 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.83 341.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.83 341.20 Td (, ) Tj ET Q q 0 0 0 rg BT 79.00 341.20 Td (we ) Tj ET Q q 0 0 0 rg BT 90.49 341.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 127.75 341.20 Td (a ) Tj ET Q q 0 0 0 rg BT 133.47 341.20 Td (net ) Tj ET Q q 0 0 0 rg BT 145.41 341.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 161.35 341.20 Td (of ) Tj ET Q q 0 0 0 rg BT 170.18 341.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.57 341.20 Td (19.5 ) Tj ET Q q 0 0 0 rg BT 202.74 341.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.85 341.20 Td (, ) Tj ET Q q 0 0 0 rg BT 230.02 341.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 265.51 341.20 Td (of ) Tj ET Q q 0 0 0 rg BT 274.34 341.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 311.61 341.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 330.66 341.20 Td (of ) Tj ET Q q 0 0 0 rg BT 339.49 341.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.89 341.20 Td (62.5 ) Tj ET Q q 0 0 0 rg BT 372.05 341.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.17 341.20 Td ( ) Tj ET Q q 0 0 0 rg BT 397.33 341.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 423.93 341.20 Td (to ) Tj ET Q q 0 0 0 rg BT 432.32 341.20 Td (the ) Tj ET Q q 0 0 0 rg BT 444.26 341.20 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 482.42 341.20 Td (of ) Tj ET Q q 0 0 0 rg BT 491.25 341.20 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 537.40 341.20 Td (loans, ) Tj ET Q q 0 0 0 rg BT 558.45 341.20 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 331.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 88.00 331.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 103.35 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.92 331.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 162.03 331.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.16 331.60 Td (42.3 ) Tj ET Q q 0 0 0 rg BT 196.06 331.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.17 331.60 Td ( ) Tj ET Q q 0 0 0 rg BT 222.07 331.60 Td (on ) Tj ET Q q 0 0 0 rg BT 232.98 331.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.65 331.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 269.44 331.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 291.01 331.60 Td (due ) Tj ET Q q 0 0 0 rg BT 305.46 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.59 331.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.26 331.60 Td (weakening ) Tj ET Q q 0 0 0 rg BT 364.82 331.60 Td (of ) Tj ET Q q 0 0 0 rg BT 374.38 331.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.06 331.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 408.62 331.60 Td (against ) Tj ET Q q 0 0 0 rg BT 434.18 331.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.86 331.60 Td (Euro ) Tj ET Q q 0 0 0 rg BT 465.31 331.60 Td (between ) Tj ET Q q 0 0 0 rg BT 494.87 331.60 Td (January ) Tj ET Q q 0 0 0 rg BT 522.65 331.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 531.55 331.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 550.45 331.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 322.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.93 322.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 117.00 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 130.62 322.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 167.79 322.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 188.97 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 197.70 322.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.99 322.00 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 226.06 322.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.17 322.00 Td ( ) Tj ET Q q 0 0 0 rg BT 251.24 322.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 277.74 322.00 Td (to ) Tj ET Q q 0 0 0 rg BT 286.03 322.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.87 322.00 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 335.92 322.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.65 322.00 Td (monetary ) Tj ET Q q 0 0 0 rg BT 376.93 322.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.66 322.00 Td (and ) Tj ET Q q 0 0 0 rg BT 411.28 322.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 443.12 322.00 Td (denominated ) Tj ET Q q 0 0 0 rg BT 486.51 322.00 Td (in ) Tj ET Q q 0 0 0 rg BT 494.80 322.00 Td (currencies ) Tj ET Q q 0 0 0 rg BT 529.74 322.00 Td (other ) Tj ET Q q 0 0 0 rg BT 548.24 322.00 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 312.40 Td (local ) Tj ET Q q 0 0 0 rg BT 79.32 312.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 113.75 312.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 143.73 312.40 Td (of ) Tj ET Q q 0 0 0 rg BT 152.40 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 164.17 312.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 191.93 312.40 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 224.30 312.40 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 296.80 Td (In ) Tj ET Q q 0 0 0 rg BT 58.99 296.80 Td (2012, ) Tj ET Q q 0 0 0 rg BT 79.31 296.80 Td (we ) Tj ET Q q 0 0 0 rg BT 90.96 296.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.37 296.80 Td (a ) Tj ET Q q 0 0 0 rg BT 134.24 296.80 Td (net ) Tj ET Q q 0 0 0 rg BT 146.33 296.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 162.43 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 171.41 296.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 187.96 296.80 Td (4.9 ) Tj ET Q q 0 0 0 rg BT 200.28 296.80 Td (million, ) Tj ET Q q 0 0 0 rg BT 227.72 296.80 Td (comprised ) Tj ET Q q 0 0 0 rg BT 263.36 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 272.35 296.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 309.77 296.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 328.98 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 337.96 296.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 354.51 296.80 Td (17.3 ) Tj ET Q q 0 0 0 rg BT 370.83 296.80 Td (million ) Tj ET Q q 0 0 0 rg BT 396.26 296.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 423.02 296.80 Td (to ) Tj ET Q q 0 0 0 rg BT 431.56 296.80 Td (the ) Tj ET Q q 0 0 0 rg BT 443.66 296.80 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 481.96 296.80 Td (of ) Tj ET Q q 0 0 0 rg BT 490.95 296.80 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 537.25 296.80 Td (loans, ) Tj ET Q q 0 0 0 rg BT 558.46 296.80 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 287.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 87.19 287.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 101.73 287.20 Td (of ) Tj ET Q q 0 0 0 rg BT 110.48 287.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 158.78 287.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 175.10 287.20 Td (6.7 ) Tj ET Q q 0 0 0 rg BT 187.19 287.20 Td (million ) Tj ET Q q 0 0 0 rg BT 212.39 287.20 Td (on ) Tj ET Q q 0 0 0 rg BT 222.48 287.20 Td (the ) Tj ET Q q 0 0 0 rg BT 234.35 287.20 Td (Senior ) Tj ET Q q 0 0 0 rg BT 257.33 287.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 278.08 287.20 Td (due ) Tj ET Q q 0 0 0 rg BT 291.72 287.20 Td (to ) Tj ET Q q 0 0 0 rg BT 300.04 287.20 Td (the ) Tj ET Q q 0 0 0 rg BT 311.90 287.20 Td (overall ) Tj ET Q q 0 0 0 rg BT 336.20 287.20 Td (weakening ) Tj ET Q q 0 0 0 rg BT 372.95 287.20 Td (of ) Tj ET Q q 0 0 0 rg BT 381.70 287.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.56 287.20 Td (dollar ) Tj ET Q q 0 0 0 rg BT 414.32 287.20 Td (against ) Tj ET Q q 0 0 0 rg BT 439.07 287.20 Td (the ) Tj ET Q q 0 0 0 rg BT 450.93 287.20 Td (Euro ) Tj ET Q q 0 0 0 rg BT 468.57 287.20 Td (between ) Tj ET Q q 0 0 0 rg BT 497.32 287.20 Td (January ) Tj ET Q q 0 0 0 rg BT 524.29 287.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 532.38 287.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 550.47 287.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 277.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.93 277.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 117.00 277.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.62 277.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 167.79 277.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 188.97 277.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.70 277.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 213.99 277.60 Td (5.7 ) Tj ET Q q 0 0 0 rg BT 226.06 277.60 Td (million ) Tj ET Q q 0 0 0 rg BT 251.24 277.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 277.74 277.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.03 277.60 Td (the ) Tj ET Q q 0 0 0 rg BT 297.87 277.60 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 335.92 277.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.65 277.60 Td (monetary ) Tj ET Q q 0 0 0 rg BT 376.93 277.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.66 277.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.28 277.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 443.12 277.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 486.51 277.60 Td (in ) Tj ET Q q 0 0 0 rg BT 494.80 277.60 Td (currencies ) Tj ET Q q 0 0 0 rg BT 529.74 277.60 Td (other ) Tj ET Q q 0 0 0 rg BT 548.24 277.60 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 268.00 Td (local ) Tj ET Q q 0 0 0 rg BT 79.32 268.00 Td (functional ) Tj ET Q q 0 0 0 rg BT 113.75 268.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 143.73 268.00 Td (of ) Tj ET Q q 0 0 0 rg BT 152.40 268.00 Td (the ) Tj ET Q q 0 0 0 rg BT 164.17 268.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 191.93 268.00 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 224.30 268.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 252.40 Td (In 201) Tj ET Q q 0 0 0 rg BT 70.37 252.40 Td (1, we recognized a net loss of US$ 31.1 million, comprised of transaction losses of US$ 30.8 million relating to the revaluation of intercompany loans, a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 242.80 Td (transaction gain of approximately US$ 15.2 million on the Senior Notes due to the overall strengthening of the dollar against the Euro between January 1, 201) Tj ET Q q 0 0 0 rg BT 556.03 242.80 Td (1 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 233.20 Td (and December31, 201) Tj ET Q q 0 0 0 rg BT 122.12 233.20 Td (1, and transaction losses of US$ 15.5 million relating to the revaluation of monetary assets and liabilities denominated in currencies ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.60 Td (other than the local functional currency of the relevant subsidiary) Tj ET Q q 0 0 0 rg BT 258.51 223.60 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 208.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 78.10 208.00 Td (in ) Tj ET Q q 0 0 0 rg BT 86.64 208.00 Td (fair) Tj ET Q q 0 0 0 rg BT 98.94 208.00 Td ( ) Tj ET Q q 0 0 0 rg BT 100.81 208.00 Td (value ) Tj ET Q q 0 0 0 rg BT 120.91 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.44 208.00 Td (derivatives:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.43 208.00 Td ( ) Tj ET Q q 0 0 0 rg BT 171.30 208.00 Td (During ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.84 208.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.84 208.00 Td (, ) Tj ET Q q 0 0 0 rg BT 215.71 208.00 Td (we ) Tj ET Q q 0 0 0 rg BT 226.92 208.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 263.88 208.00 Td (a ) Tj ET Q q 0 0 0 rg BT 269.30 208.00 Td (net ) Tj ET Q q 0 0 0 rg BT 280.95 208.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 296.60 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 305.13 208.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.23 208.00 Td (0.1 ) Tj ET Q q 0 0 0 rg BT 333.11 208.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.22 208.00 Td ( ) Tj ET Q q 0 0 0 rg BT 358.09 208.00 Td (as ) Tj ET Q q 0 0 0 rg BT 366.63 208.00 Td (a ) Tj ET Q q 0 0 0 rg BT 372.05 208.00 Td (result ) Tj ET Q q 0 0 0 rg BT 391.70 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 400.24 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 411.88 208.00 Td (change ) Tj ET Q q 0 0 0 rg BT 436.41 208.00 Td (in ) Tj ET Q q 0 0 0 rg BT 444.50 208.00 Td (the ) Tj ET Q q 0 0 0 rg BT 456.15 208.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 469.13 208.00 Td (value ) Tj ET Q q 0 0 0 rg BT 488.32 208.00 Td (of ) Tj ET Q q 0 0 0 rg BT 496.86 208.00 Td (an ) Tj ET Q q 0 0 0 rg BT 506.28 208.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 531.70 208.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 545.56 208.00 Td (swap ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 198.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 75.54 198.40 Td (into ) Tj ET Q q 0 0 0 rg BT 89.98 198.40 Td (on ) Tj ET Q q 0 0 0 rg BT 99.98 198.40 Td (February ) Tj ET Q q 0 0 0 rg BT 130.86 198.40 Td (9, ) Tj ET Q q 0 0 0 rg BT 138.86 198.40 Td (2010. ) Tj ET Q q 0 0 0 rg BT 158.72 198.40 Td (The ) Tj ET Q q 0 0 0 rg BT 173.16 198.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 198.70 198.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 212.69 198.40 Td (swap ) Tj ET Q q 0 0 0 rg BT 231.13 198.40 Td (terminated ) Tj ET Q q 0 0 0 rg BT 267.34 198.40 Td (on ) Tj ET Q q 0 0 0 rg BT 276.90 198.40 Td (April ) Tj ET Q q 0 0 0 rg BT 295.79 198.40 Td (15, ) Tj ET Q q 0 0 0 rg BT 307.79 198.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 325.79 198.40 Td (and ) Tj ET Q q 0 0 0 rg BT 339.34 198.40 Td (there ) Tj ET Q q 0 0 0 rg BT 357.32 198.40 Td (will ) Tj ET Q q 0 0 0 rg BT 371.77 198.40 Td (be ) Tj ET Q q 0 0 0 rg BT 381.32 198.40 Td (no ) Tj ET Q q 0 0 0 rg BT 391.32 198.40 Td (further ) Tj ET Q q 0 0 0 rg BT 415.09 198.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.86 198.40 Td (on ) Tj ET Q q 0 0 0 rg BT 448.86 198.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 477.96 198.40 Td (from ) Tj ET Q q 0 0 0 rg BT 495.51 198.40 Td (this ) Tj ET Q q 0 0 0 rg BT 509.07 198.40 Td (instrument.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 182.80 Td (During ) Tj ET Q q 0 0 0 rg BT 74.50 182.80 Td (2012, ) Tj ET Q q 0 0 0 rg BT 94.33 182.80 Td (we ) Tj ET Q q 0 0 0 rg BT 105.49 182.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 142.41 182.80 Td (a ) Tj ET Q q 0 0 0 rg BT 147.79 182.80 Td (net ) Tj ET Q q 0 0 0 rg BT 159.39 182.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 175.00 182.80 Td (of ) Tj ET Q q 0 0 0 rg BT 183.49 182.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 199.55 182.80 Td (22.8 ) Tj ET Q q 0 0 0 rg BT 215.38 182.80 Td (million ) Tj ET Q q 0 0 0 rg BT 240.33 182.80 Td (related ) Tj ET Q q 0 0 0 rg BT 263.92 182.80 Td (to ) Tj ET Q q 0 0 0 rg BT 271.97 182.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.58 182.80 Td (forward ) Tj ET Q q 0 0 0 rg BT 310.73 182.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 325.00 182.80 Td (of ) Tj ET Q q 0 0 0 rg BT 333.49 182.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 355.31 182.80 Td (to ) Tj ET Q q 0 0 0 rg BT 363.24 182.80 Td (TW) Tj ET Q q 0 0 0 rg BT 375.53 182.80 Td ( ) Tj ET Q q 0 0 0 rg BT 377.36 182.80 Td (Investor ) Tj ET Q q 0 0 0 rg BT 405.41 182.80 Td (and ) Tj ET Q q 0 0 0 rg BT 418.79 182.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 434.85 182.80 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 450.68 182.80 Td (million ) Tj ET Q q 0 0 0 rg BT 475.62 182.80 Td (related ) Tj ET Q q 0 0 0 rg BT 499.21 182.80 Td (to ) Tj ET Q q 0 0 0 rg BT 507.27 182.80 Td (the ) Tj ET Q q 0 0 0 rg BT 518.87 182.80 Td (derivative ) Tj ET Q q 0 0 0 rg BT 552.69 182.80 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 173.20 Td (Option ) Tj ET Q q 0 0 0 rg BT 74.47 173.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 98.05 173.20 Td (\(as ) Tj ET Q q 0 0 0 rg BT 109.62 173.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 135.86 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 144.33 173.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 161.24 173.20 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 169.49 173.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 187.29 173.20 Td (14, ) Tj ET Q q 0 0 0 rg BT 199.53 173.20 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 234.82 173.20 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 274.84 173.20 Td (and ) Tj ET Q q 0 0 0 rg BT 288.64 173.20 Td (Fair ) Tj ET Q q 0 0 0 rg BT 303.61 173.20 Td (V) Tj ET Q q 0 0 0 rg BT 308.50 173.20 Td (alue ) Tj ET Q q 0 0 0 rg BT 324.07 173.20 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.99 173.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 378.90 173.20 Td (with ) Tj ET Q q 0 0 0 rg BT 395.21 173.20 Td (TW) Tj ET Q q 0 0 0 rg BT 407.50 173.20 Td ( ) Tj ET Q q 0 0 0 rg BT 409.75 173.20 Td (Investor) Tj ET Q q 0 0 0 rg BT 435.52 173.20 Td (. ) Tj ET Q q 0 0 0 rg BT 439.61 173.20 Td (W) Tj ET Q q 0 0 0 rg BT 446.52 173.20 Td (e ) Tj ET Q q 0 0 0 rg BT 452.32 173.20 Td (also ) Tj ET Q q 0 0 0 rg BT 467.45 173.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 504.79 173.20 Td (a ) Tj ET Q q 0 0 0 rg BT 510.59 173.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 526.61 173.20 Td (of ) Tj ET Q q 0 0 0 rg BT 535.52 173.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 552.00 173.20 Td (0.6 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 163.60 Td (million ) Tj ET Q q 0 0 0 rg BT 75.00 163.60 Td (as ) Tj ET Q q 0 0 0 rg BT 83.55 163.60 Td (a ) Tj ET Q q 0 0 0 rg BT 88.99 163.60 Td (result ) Tj ET Q q 0 0 0 rg BT 108.65 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.20 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.86 163.60 Td (change ) Tj ET Q q 0 0 0 rg BT 153.40 163.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.51 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.17 163.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 186.16 163.60 Td (value ) Tj ET Q q 0 0 0 rg BT 205.37 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 213.92 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.58 163.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.01 163.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 264.89 163.60 Td (swap ) Tj ET Q q 0 0 0 rg BT 283.21 163.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 308.64 163.60 Td (into ) Tj ET Q q 0 0 0 rg BT 322.97 163.60 Td (on ) Tj ET Q q 0 0 0 rg BT 332.86 163.60 Td (February ) Tj ET Q q 0 0 0 rg BT 363.63 163.60 Td (9, ) Tj ET Q q 0 0 0 rg BT 371.51 163.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 389.40 163.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.84 163.60 Td (a ) Tj ET Q q 0 0 0 rg BT 408.27 163.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 423.93 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.48 163.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 448.60 163.60 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 460.48 163.60 Td (million ) Tj ET Q q 0 0 0 rg BT 485.48 163.60 Td (as ) Tj ET Q q 0 0 0 rg BT 494.04 163.60 Td (a ) Tj ET Q q 0 0 0 rg BT 499.47 163.60 Td (result ) Tj ET Q q 0 0 0 rg BT 519.13 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 527.68 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 539.34 163.60 Td (change ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.00 Td (in ) Tj ET Q q 0 0 0 rg BT 58.21 154.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 71.30 154.00 Td (value ) Tj ET Q q 0 0 0 rg BT 90.61 154.00 Td (of ) Tj ET Q q 0 0 0 rg BT 99.26 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 111.02 154.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 140.98 154.00 Td (swaps ) Tj ET Q q 0 0 0 rg BT 162.53 154.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 188.05 154.00 Td (into ) Tj ET Q q 0 0 0 rg BT 202.48 154.00 Td (on ) Tj ET Q q 0 0 0 rg BT 212.03 154.00 Td (April ) Tj ET Q q 0 0 0 rg BT 230.90 154.00 Td (27, ) Tj ET Q q 0 0 0 rg BT 242.89 154.00 Td (2006. ) Tj ET Q q 0 0 0 rg BT 262.73 154.00 Td (The ) Tj ET Q q 0 0 0 rg BT 277.16 154.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 307.12 154.00 Td (swap ) Tj ET Q q 0 0 0 rg BT 325.55 154.00 Td (terminated ) Tj ET Q q 0 0 0 rg BT 361.74 154.00 Td (on ) Tj ET Q q 0 0 0 rg BT 371.29 154.00 Td (April ) Tj ET Q q 0 0 0 rg BT 390.17 154.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 402.15 154.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 422.14 154.00 Td (the ) Tj ET Q q 0 0 0 rg BT 433.90 154.00 Td (forward ) Tj ET Q q 0 0 0 rg BT 461.20 154.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 475.63 154.00 Td (was ) Tj ET Q q 0 0 0 rg BT 490.06 154.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 525.36 154.00 Td (on ) Tj ET Q q 0 0 0 rg BT 535.35 154.00 Td (June ) Tj ET Q q 0 0 0 rg BT 552.00 154.00 Td (15, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 144.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 69.86 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 83.27 144.40 Td (we ) Tj ET Q q 0 0 0 rg BT 94.46 144.40 Td (exercised ) Tj ET Q q 0 0 0 rg BT 126.53 144.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.16 144.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.13 144.40 Td (Option ) Tj ET Q q 0 0 0 rg BT 195.22 144.40 Td (\(as ) Tj ET Q q 0 0 0 rg BT 206.41 144.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 232.26 144.40 Td (in ) Tj ET Q q 0 0 0 rg BT 240.34 144.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 256.86 144.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.72 144.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 282.13 144.40 Td (14, ) Tj ET Q q 0 0 0 rg BT 294.00 144.40 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 328.89 144.40 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 368.53 144.40 Td (and ) Tj ET Q q 0 0 0 rg BT 381.94 144.40 Td (Fair ) Tj ET Q q 0 0 0 rg BT 396.55 144.40 Td (V) Tj ET Q q 0 0 0 rg BT 401.44 144.40 Td (alue ) Tj ET Q q 0 0 0 rg BT 416.63 144.40 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.55 144.40 Td (\) ) Tj ET Q q 0 0 0 rg BT 471.07 144.40 Td (on ) Tj ET Q q 0 0 0 rg BT 480.93 144.40 Td (June ) Tj ET Q q 0 0 0 rg BT 497.46 144.40 Td (27, ) Tj ET Q q 0 0 0 rg BT 509.32 144.40 Td (2012. ) Tj ET Q q 0 0 0 rg BT 529.05 144.40 Td (There ) Tj ET Q q 0 0 0 rg BT 549.56 144.40 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 134.80 Td (be ) Tj ET Q q 0 0 0 rg BT 59.55 134.80 Td (no ) Tj ET Q q 0 0 0 rg BT 69.55 134.80 Td (further ) Tj ET Q q 0 0 0 rg BT 93.32 134.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 117.09 134.80 Td (on ) Tj ET Q q 0 0 0 rg BT 127.09 134.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 156.19 134.80 Td (from ) Tj ET Q q 0 0 0 rg BT 173.74 134.80 Td (these ) Tj ET Q q 0 0 0 rg BT 192.18 134.80 Td (instruments.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 119.20 Td (During ) Tj ET Q q 0 0 0 rg BT 74.52 119.20 Td (201) Tj ET Q q 0 0 0 rg BT 86.22 119.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 94.08 119.20 Td (we ) Tj ET Q q 0 0 0 rg BT 105.26 119.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 142.21 119.20 Td (a ) Tj ET Q q 0 0 0 rg BT 147.62 119.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 163.25 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.77 119.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 187.85 119.20 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 199.71 119.20 Td (million ) Tj ET Q q 0 0 0 rg BT 224.68 119.20 Td (as ) Tj ET Q q 0 0 0 rg BT 233.20 119.20 Td (a ) Tj ET Q q 0 0 0 rg BT 238.61 119.20 Td (result ) Tj ET Q q 0 0 0 rg BT 258.24 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 266.76 119.20 Td (the ) Tj ET Q q 0 0 0 rg BT 278.39 119.20 Td (change ) Tj ET Q q 0 0 0 rg BT 302.89 119.20 Td (in ) Tj ET Q q 0 0 0 rg BT 310.97 119.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.60 119.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.56 119.20 Td (value ) Tj ET Q q 0 0 0 rg BT 354.74 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.26 119.20 Td (the ) Tj ET Q q 0 0 0 rg BT 374.89 119.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 400.30 119.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 414.14 119.20 Td (swap, ) Tj ET Q q 0 0 0 rg BT 434.44 119.20 Td (and ) Tj ET Q q 0 0 0 rg BT 447.85 119.20 Td (a ) Tj ET Q q 0 0 0 rg BT 453.25 119.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 468.88 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 477.40 119.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 493.49 119.20 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 505.34 119.20 Td (million ) Tj ET Q q 0 0 0 rg BT 530.31 119.20 Td (as ) Tj ET Q q 0 0 0 rg BT 538.83 119.20 Td (a ) Tj ET Q q 0 0 0 rg BT 544.24 119.20 Td (result ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 109.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.87 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 70.86 109.60 Td (change ) Tj ET Q q 0 0 0 rg BT 95.72 109.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.15 109.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.46 109.60 Td (value ) Tj ET Q q 0 0 0 rg BT 136.99 109.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.87 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.85 109.60 Td (call ) Tj ET Q q 0 0 0 rg BT 171.60 109.60 Td (option ) Tj ET Q q 0 0 0 rg BT 194.26 109.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 216.47 109.60 Td (in ) Tj ET Q q 0 0 0 rg BT 224.90 109.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 262.21 109.60 Td (with ) Tj ET Q q 0 0 0 rg BT 278.64 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.62 109.60 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 333.70 109.60 Td (of ) Tj ET Q q 0 0 0 rg BT 342.58 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.56 109.60 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 388.31 109.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.85 109.60 Td (in ) Tj ET Q q 0 0 0 rg BT 432.28 109.60 Td (2010. ) Tj ET Q q 0 0 0 rg BT 452.33 109.60 Td (The ) Tj ET Q q 0 0 0 rg BT 466.98 109.60 Td (call ) Tj ET Q q 0 0 0 rg BT 480.73 109.60 Td (option ) Tj ET Q q 0 0 0 rg BT 503.39 109.60 Td (strike ) Tj ET Q q 0 0 0 rg BT 523.37 109.60 Td (price ) Tj ET Q q 0 0 0 rg BT 541.56 109.60 Td (equals ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.48 100.00 Td (value ) Tj ET Q q 0 0 0 rg BT 80.50 100.00 Td (of ) Tj ET Q q 0 0 0 rg BT 88.87 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 100.35 100.00 Td (underlying, ) Tj ET Q q 0 0 0 rg BT 138.71 100.00 Td (which ) Tj ET Q q 0 0 0 rg BT 159.96 100.00 Td (is ) Tj ET Q q 0 0 0 rg BT 167.00 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.48 100.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 200.18 100.00 Td (in ) Tj ET Q q 0 0 0 rg BT 208.11 100.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 227.14 100.00 Td (Bulgaria. ) Tj ET Q q 0 0 0 rg BT 258.27 100.00 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 293.51 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 304.98 100.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.79 100.00 Td (value ) Tj ET Q q 0 0 0 rg BT 336.81 100.00 Td (of ) Tj ET Q q 0 0 0 rg BT 345.18 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 356.66 100.00 Td (option ) Tj ET Q q 0 0 0 rg BT 378.81 100.00 Td (is ) Tj ET Q q 0 0 0 rg BT 385.85 100.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 401.78 100.00 Td (nil ) Tj ET Q q 0 0 0 rg BT 411.92 100.00 Td (and ) Tj ET Q q 0 0 0 rg BT 425.18 100.00 Td (there ) Tj ET Q q 0 0 0 rg BT 442.87 100.00 Td (will ) Tj ET Q q 0 0 0 rg BT 457.02 100.00 Td (be ) Tj ET Q q 0 0 0 rg BT 466.27 100.00 Td (no ) Tj ET Q q 0 0 0 rg BT 475.97 100.00 Td (further ) Tj ET Q q 0 0 0 rg BT 499.44 100.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 526.91 100.00 Td (recognized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 90.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 90.40 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 89.18 90.40 Td (W) Tj ET Q q 0 0 0 rg BT 96.09 90.40 Td (e ) Tj ET Q q 0 0 0 rg BT 101.64 90.40 Td (also ) Tj ET Q q 0 0 0 rg BT 116.53 90.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 153.62 90.40 Td (a ) Tj ET Q q 0 0 0 rg BT 159.17 90.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 174.94 90.40 Td (of ) Tj ET Q q 0 0 0 rg BT 183.61 90.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 199.83 90.40 Td (6.8 ) Tj ET Q q 0 0 0 rg BT 211.83 90.40 Td (million ) Tj ET Q q 0 0 0 rg BT 236.95 90.40 Td (as ) Tj ET Q q 0 0 0 rg BT 245.61 90.40 Td (a ) Tj ET Q q 0 0 0 rg BT 251.16 90.40 Td (result ) Tj ET Q q 0 0 0 rg BT 270.93 90.40 Td (of ) Tj ET Q q 0 0 0 rg BT 279.60 90.40 Td (the ) Tj ET Q q 0 0 0 rg BT 291.37 90.40 Td (change ) Tj ET Q q 0 0 0 rg BT 316.02 90.40 Td (in ) Tj ET Q q 0 0 0 rg BT 324.25 90.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 337.35 90.40 Td (value ) Tj ET Q q 0 0 0 rg BT 356.67 90.40 Td (of ) Tj ET Q q 0 0 0 rg BT 365.34 90.40 Td (currency ) Tj ET Q q 0 0 0 rg BT 395.32 90.40 Td (swaps ) Tj ET Q q 0 0 0 rg BT 416.87 90.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 442.41 90.40 Td (into ) Tj ET Q q 0 0 0 rg BT 456.86 90.40 Td (on ) Tj ET Q q 0 0 0 rg BT 466.41 90.40 Td (April ) Tj ET Q q 0 0 0 rg BT 485.30 90.40 Td (27, ) Tj ET Q q 0 0 0 rg BT 497.30 90.40 Td (2006.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 74.80 Td (See ) Tj ET Q q 0 0 0 rg BT 63.55 74.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 80.21 74.80 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.21 74.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 105.76 74.80 Td (14, ) Tj ET Q q 0 0 0 rg BT 117.76 74.80 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 152.80 74.80 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 192.57 74.80 Td (and ) Tj ET Q q 0 0 0 rg BT 206.12 74.80 Td (Fair ) Tj ET Q q 0 0 0 rg BT 220.86 74.80 Td (V) Tj ET Q q 0 0 0 rg BT 225.75 74.80 Td (alue ) Tj ET Q q 0 0 0 rg BT 241.08 74.80 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.00 74.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 59.20 Td (Other) Tj ET Q q 0 0 0 rg BT 70.29 59.20 Td ( ) Tj ET Q q 0 0 0 rg BT 72.68 59.20 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 107.07 59.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 111.68 59.20 Td (income:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.78 59.20 Td ( ) Tj ET Q q 0 0 0 rg BT 141.00 59.20 Td (W) Tj ET Q q 0 0 0 rg BT 147.91 59.20 Td (e ) Tj ET Q q 0 0 0 rg BT 153.86 59.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 191.34 59.20 Td (other ) Tj ET Q q 0 0 0 rg BT 210.17 59.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 238.32 59.20 Td (of ) Tj ET Q q 0 0 0 rg BT 247.38 59.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.00 59.20 Td (0.6 ) Tj ET Q q 0 0 0 rg BT 276.39 59.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.50 59.20 Td ( ) Tj ET Q q 0 0 0 rg BT 301.89 59.20 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.17 59.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.17 59.20 Td ( ) Tj ET Q q 0 0 0 rg BT 343.56 59.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 377.49 59.20 Td (to ) Tj ET Q q 0 0 0 rg BT 386.11 59.20 Td (other ) Tj ET Q q 0 0 0 rg BT 404.94 59.20 Td (income ) Tj ET Q q 0 0 0 rg BT 430.88 59.20 Td (of ) Tj ET Q q 0 0 0 rg BT 439.93 59.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.55 59.20 Td (0.9 ) Tj ET Q q 0 0 0 rg BT 468.94 59.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.05 59.20 Td ( ) Tj ET Q q 0 0 0 rg BT 494.45 59.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.06 59.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.06 59.20 Td ( ) Tj ET Q q 0 0 0 rg BT 521.45 59.20 Td (and ) Tj ET Q q 0 0 0 rg BT 535.39 59.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.01 59.20 Td (0.0 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 49.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.11 49.60 Td ( ) Tj ET Q q 0 0 0 rg BT 75.11 49.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.34 49.60 Td (201) Tj ET Q q 0 0 0 rg BT 95.04 49.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.04 49.60 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.18 743.60 Td (edit ) Tj ET Q q 0 0 0 rg BT 74.27 743.60 Td (/ ) Tj ET Q q 0 0 0 rg BT 78.69 743.60 Td (\(pr) Tj ET Q q 0 0 0 rg BT 89.21 743.60 Td (ovision\) ) Tj ET Q q 0 0 0 rg BT 118.08 743.60 Td (for) Tj ET Q q 0 0 0 rg BT 128.15 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.35 743.60 Td (income ) Tj ET Q q 0 0 0 rg BT 156.99 743.60 Td (taxes:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.98 743.60 Td () Tj ET Q q 0 0 0 rg BT 178.84 743.60 Td (The ) Tj ET Q q 0 0 0 rg BT 193.47 743.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 213.88 743.60 Td (for ) Tj ET Q q 0 0 0 rg BT 225.41 743.60 Td (income ) Tj ET Q q 0 0 0 rg BT 251.16 743.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 269.79 743.60 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.88 743.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.88 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.08 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.94 743.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.37 743.60 Td (17.0 ) Tj ET Q q 0 0 0 rg BT 352.57 743.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.68 743.60 Td ( ) Tj ET Q q 0 0 0 rg BT 377.88 743.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 403.62 743.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.59 743.60 Td (value ) Tj ET Q q 0 0 0 rg BT 435.11 743.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.98 743.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.95 743.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 484.79 743.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 496.77 743.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 521.18 743.60 Td (that ) Tj ET Q q 0 0 0 rg BT 535.37 743.60 Td (we ) Tj ET Q q 0 0 0 rg BT 546.90 743.60 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 734.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 77.31 734.00 Td (on ) Tj ET Q q 0 0 0 rg BT 87.31 734.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.09 734.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 131.30 734.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 145.75 734.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 174.40 734.00 Td (by ) Tj ET Q q 0 0 0 rg BT 184.40 734.00 Td (our ) Tj ET Q q 0 0 0 rg BT 197.06 734.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 219.05 734.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 249.93 734.00 Td (segment, ) Tj ET Q q 0 0 0 rg BT 280.59 734.00 Td (which ) Tj ET Q q 0 0 0 rg BT 302.14 734.00 Td (caused ) Tj ET Q q 0 0 0 rg BT 325.91 734.00 Td (the ) Tj ET Q q 0 0 0 rg BT 337.68 734.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 369.89 734.00 Td (in ) Tj ET Q q 0 0 0 rg BT 378.12 734.00 Td (income ) Tj ET Q q 0 0 0 rg BT 403.66 734.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.44 734.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 443.20 734.00 Td (in ) Tj ET Q q 0 0 0 rg BT 451.43 734.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 469.43 734.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 502.96 734.00 Td (to ) Tj ET Q q 0 0 0 rg BT 511.19 734.00 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.56 718.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 84.90 718.40 Td (for ) Tj ET Q q 0 0 0 rg BT 96.36 718.40 Td (income ) Tj ET Q q 0 0 0 rg BT 122.03 718.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 140.60 718.40 Td (during ) Tj ET Q q 0 0 0 rg BT 163.61 718.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 181.74 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 190.53 718.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 206.88 718.40 Td (14.1 ) Tj ET Q q 0 0 0 rg BT 223.01 718.40 Td (million ) Tj ET Q q 0 0 0 rg BT 248.25 718.40 Td (reflects ) Tj ET Q q 0 0 0 rg BT 273.91 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.81 718.40 Td (value ) Tj ET Q q 0 0 0 rg BT 305.27 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 314.06 718.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 342.83 718.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 354.73 718.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 382.18 718.40 Td (that ) Tj ET Q q 0 0 0 rg BT 396.30 718.40 Td (we ) Tj ET Q q 0 0 0 rg BT 407.76 718.40 Td (have ) Tj ET Q q 0 0 0 rg BT 424.99 718.40 Td (realized ) Tj ET Q q 0 0 0 rg BT 452.43 718.40 Td (on ) Tj ET Q q 0 0 0 rg BT 462.55 718.40 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 506.67 718.40 Td (which ) Tj ET Q q 0 0 0 rg BT 528.35 718.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 552.24 718.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 82.21 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 90.43 708.80 Td (income ) Tj ET Q q 0 0 0 rg BT 115.98 708.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 127.75 708.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 155.52 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 163.74 708.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 181.74 708.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 215.28 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 223.50 708.80 Td (201) Tj ET Q q 0 0 0 rg BT 235.21 708.80 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 693.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.22 693.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 96.23 693.20 Td (for ) Tj ET Q q 0 0 0 rg BT 107.34 693.20 Td (income ) Tj ET Q q 0 0 0 rg BT 132.68 693.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 150.90 693.20 Td (during ) Tj ET Q q 0 0 0 rg BT 173.57 693.20 Td (201) Tj ET Q q 0 0 0 rg BT 185.27 693.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 191.06 693.20 Td (was ) Tj ET Q q 0 0 0 rg BT 205.29 693.20 Td (a ) Tj ET Q q 0 0 0 rg BT 210.62 693.20 Td (net ) Tj ET Q q 0 0 0 rg BT 222.18 693.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 254.19 693.20 Td (of ) Tj ET Q q 0 0 0 rg BT 262.64 693.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 278.65 693.20 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 290.43 693.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 317.33 693.20 Td (which ) Tj ET Q q 0 0 0 rg BT 338.67 693.20 Td (reflects ) Tj ET Q q 0 0 0 rg BT 363.99 693.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 395.55 693.20 Td (allowances ) Tj ET Q q 0 0 0 rg BT 432.87 693.20 Td (in ) Tj ET Q q 0 0 0 rg BT 440.88 693.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 465.32 693.20 Td (of ) Tj ET Q q 0 0 0 rg BT 473.77 693.20 Td (the ) Tj ET Q q 0 0 0 rg BT 485.32 693.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 496.88 693.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 520.88 693.20 Td (of ) Tj ET Q q 0 0 0 rg BT 529.33 693.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 540.89 693.20 Td (losses. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td (It ) Tj ET Q q 0 0 0 rg BT 56.89 683.60 Td (also ) Tj ET Q q 0 0 0 rg BT 71.77 683.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 100.43 683.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 112.21 683.60 Td (credits ) Tj ET Q q 0 0 0 rg BT 135.53 683.60 Td (in ) Tj ET Q q 0 0 0 rg BT 143.75 683.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 168.41 683.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.07 683.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 188.84 683.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 209.96 683.60 Td (in ) Tj ET Q q 0 0 0 rg BT 218.18 683.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.84 683.60 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 265.73 683.60 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 668.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.44 668.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 104.21 668.00 Td (are ) Tj ET Q q 0 0 0 rg BT 115.98 668.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 140.64 668.00 Td (to ) Tj ET Q q 0 0 0 rg BT 148.86 668.00 Td (income ) Tj ET Q q 0 0 0 rg BT 174.41 668.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 192.85 668.00 Td (at ) Tj ET Q q 0 0 0 rg BT 200.62 668.00 Td (statutory ) Tj ET Q q 0 0 0 rg BT 230.62 668.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 247.72 668.00 Td (ranging ) Tj ET Q q 0 0 0 rg BT 274.16 668.00 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.71 668.00 Td (10.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.37 668.00 Td ( ) Tj ET Q q 0 0 0 rg BT 314.37 668.00 Td (in ) Tj ET Q q 0 0 0 rg BT 322.59 668.00 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 352.14 668.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.36 668.00 Td (23.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.03 668.00 Td ( ) Tj ET Q q 0 0 0 rg BT 383.03 668.00 Td (in ) Tj ET Q q 0 0 0 rg BT 391.25 668.00 Td (Slovakia ) Tj ET Q q 0 0 0 rg BT 421.25 668.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 436.13 668.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 452.79 668.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.79 668.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 478.34 668.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 490.34 668.00 Td ("Income ) Tj ET Q q 0 0 0 rg BT 519.45 668.00 Td (T) Tj ET Q q 0 0 0 rg BT 523.77 668.00 Td (axes") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.25 668.00 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 652.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.74 652.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 77.94 652.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 120.57 652.40 Td (to ) Tj ET Q q 0 0 0 rg BT 128.98 652.40 Td (noncontr) Tj ET Q q 0 0 0 rg BT 159.95 652.40 Td (olling ) Tj ET Q q 0 0 0 rg BT 180.81 652.40 Td (inter) Tj ET Q q 0 0 0 rg BT 197.11 652.40 Td (ests:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.21 652.40 Td () Tj ET Q q 0 0 0 rg BT 214.07 652.40 Td (W) Tj ET Q q 0 0 0 rg BT 220.98 652.40 Td (e ) Tj ET Q q 0 0 0 rg BT 226.28 652.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 263.11 652.40 Td (net ) Tj ET Q q 0 0 0 rg BT 274.63 652.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 295.49 652.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 333.67 652.40 Td (to ) Tj ET Q q 0 0 0 rg BT 341.64 652.40 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 390.49 652.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 418.90 652.40 Td (of ) Tj ET Q q 0 0 0 rg BT 427.31 652.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.28 652.40 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 455.03 652.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.14 652.40 Td (, ) Tj ET Q q 0 0 0 rg BT 481.89 652.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.87 652.40 Td (10.7 ) Tj ET Q q 0 0 0 rg BT 513.61 652.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.73 652.40 Td ( ) Tj ET Q q 0 0 0 rg BT 538.47 652.40 Td (and ) Tj ET Q q 0 0 0 rg BT 551.77 652.40 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 642.80 Td ($ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.93 642.80 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 67.86 642.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.98 642.80 Td ( ) Tj ET Q q 0 0 0 rg BT 92.91 642.80 Td (for ) Tj ET Q q 0 0 0 rg BT 104.17 642.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.87 642.80 Td (years ) Tj ET Q q 0 0 0 rg BT 134.68 642.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.72 642.80 Td (December ) Tj ET Q q 0 0 0 rg BT 190.52 642.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 202.45 642.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 222.38 642.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 240.31 642.80 Td (and ) Tj ET Q q 0 0 0 rg BT 253.79 642.80 Td (201) Tj ET Q q 0 0 0 rg BT 265.50 642.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 273.43 642.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 311.56 642.80 Td (, ) Tj ET Q q 0 0 0 rg BT 315.49 642.80 Td (related ) Tj ET Q q 0 0 0 rg BT 339.18 642.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 370.88 642.80 Td (to ) Tj ET Q q 0 0 0 rg BT 379.04 642.80 Td (the ) Tj ET Q q 0 0 0 rg BT 390.74 642.80 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 439.78 642.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 465.26 642.80 Td (share ) Tj ET Q q 0 0 0 rg BT 484.07 642.80 Td (of ) Tj ET Q q 0 0 0 rg BT 492.66 642.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 513.71 642.80 Td (in ) Tj ET Q q 0 0 0 rg BT 521.86 642.80 Td (our ) Tj ET Q q 0 0 0 rg BT 534.46 642.80 Td (Bulgaria ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 633.20 Td (operations.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 617.60 Td (Curr) Tj ET Q q 0 0 0 rg BT 67.18 617.60 Td (ency ) Tj ET Q q 0 0 0 rg BT 84.40 617.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 123.40 617.60 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 165.74 617.60 Td (net:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.06 617.60 Td () Tj ET Q q 0 0 0 rg BT 180.92 617.60 Td (The ) Tj ET Q q 0 0 0 rg BT 195.02 617.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 231.35 617.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 253.01 617.60 Td (value ) Tj ET Q q 0 0 0 rg BT 272.00 617.60 Td (of ) Tj ET Q q 0 0 0 rg BT 280.33 617.60 Td (our ) Tj ET Q q 0 0 0 rg BT 292.66 617.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 332.55 617.60 Td (\(which ) Tj ET Q q 0 0 0 rg BT 356.43 617.60 Td (are ) Tj ET Q q 0 0 0 rg BT 367.86 617.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 410.85 617.60 Td (in ) Tj ET Q q 0 0 0 rg BT 418.73 617.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.17 617.60 Td (functional ) Tj ET Q q 0 0 0 rg BT 464.27 617.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 493.92 617.60 Td (of ) Tj ET Q q 0 0 0 rg BT 502.25 617.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.69 617.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 541.12 617.60 Td (entity\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 608.00 Td (are ) Tj ET Q q 0 0 0 rg BT 62.13 608.00 Td (converted ) Tj ET Q q 0 0 0 rg BT 96.03 608.00 Td (into ) Tj ET Q q 0 0 0 rg BT 110.84 608.00 Td (dollars ) Tj ET Q q 0 0 0 rg BT 134.98 608.00 Td (at ) Tj ET Q q 0 0 0 rg BT 143.11 608.00 Td (each ) Tj ET Q q 0 0 0 rg BT 160.13 608.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 186.92 608.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 205.72 608.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 223.41 608.00 Td (with ) Tj ET Q q 0 0 0 rg BT 239.99 608.00 Td (any ) Tj ET Q q 0 0 0 rg BT 253.91 608.00 Td (change ) Tj ET Q q 0 0 0 rg BT 278.92 608.00 Td (in ) Tj ET Q q 0 0 0 rg BT 287.51 608.00 Td (value ) Tj ET Q q 0 0 0 rg BT 307.20 608.00 Td (of ) Tj ET Q q 0 0 0 rg BT 316.22 608.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.36 608.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 365.38 608.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 386.41 608.00 Td (and ) Tj ET Q q 0 0 0 rg BT 400.32 608.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 432.46 608.00 Td (being ) Tj ET Q q 0 0 0 rg BT 452.60 608.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 482.94 608.00 Td (as ) Tj ET Q q 0 0 0 rg BT 491.97 608.00 Td (a ) Tj ET Q q 0 0 0 rg BT 497.88 608.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 528.23 608.00 Td (translation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 598.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 87.11 598.40 Td (to ) Tj ET Q q 0 0 0 rg BT 95.33 598.40 Td (the ) Tj ET Q q 0 0 0 rg BT 107.10 598.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 133.53 598.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 151.96 598.40 Td (rather ) Tj ET Q q 0 0 0 rg BT 172.62 598.40 Td (than ) Tj ET Q q 0 0 0 rg BT 188.39 598.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.16 598.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 235.93 598.40 Td (of ) Tj ET Q q 0 0 0 rg BT 244.60 598.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.92 598.40 Td (and ) Tj ET Q q 0 0 0 rg BT 293.47 598.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 343.90 598.40 Td (income.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 582.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.40 582.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 85.03 582.80 Td (weakened ) Tj ET Q q 0 0 0 rg BT 118.97 582.80 Td (overall ) Tj ET Q q 0 0 0 rg BT 143.14 582.80 Td (against ) Tj ET Q q 0 0 0 rg BT 167.77 582.80 Td (the ) Tj ET Q q 0 0 0 rg BT 179.51 582.80 Td (functional ) Tj ET Q q 0 0 0 rg BT 213.90 582.80 Td (currencies ) Tj ET Q q 0 0 0 rg BT 248.73 582.80 Td (of ) Tj ET Q q 0 0 0 rg BT 257.36 582.80 Td (our ) Tj ET Q q 0 0 0 rg BT 269.99 582.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 305.28 582.80 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.13 582.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.13 582.80 Td (. ) Tj ET Q q 0 0 0 rg BT 347.95 582.80 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 383.45 582.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.63 582.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.63 582.80 Td (, ) Tj ET Q q 0 0 0 rg BT 411.60 582.80 Td (we ) Tj ET Q q 0 0 0 rg BT 422.89 582.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 459.94 582.80 Td (other ) Tj ET Q q 0 0 0 rg BT 478.34 582.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 528.73 582.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 543.15 582.80 Td (of ) Tj ET Q q 0 0 0 rg BT 551.77 582.80 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 573.20 Td ($ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.86 573.20 Td (58.2 ) Tj ET Q q 0 0 0 rg BT 71.71 573.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 94.83 573.20 Td ( ) Tj ET Q q 0 0 0 rg BT 96.68 573.20 Td (on ) Tj ET Q q 0 0 0 rg BT 106.54 573.20 Td (the ) Tj ET Q q 0 0 0 rg BT 118.17 573.20 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 156.01 573.20 Td (of ) Tj ET Q q 0 0 0 rg BT 164.53 573.20 Td (our ) Tj ET Q q 0 0 0 rg BT 177.05 573.20 Td (net ) Tj ET Q q 0 0 0 rg BT 188.68 573.20 Td (investments ) Tj ET Q q 0 0 0 rg BT 228.76 573.20 Td (in ) Tj ET Q q 0 0 0 rg BT 236.83 573.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 276.46 573.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 309.86 573.20 Td (to ) Tj ET Q q 0 0 0 rg BT 317.94 573.20 Td (other ) Tj ET Q q 0 0 0 rg BT 336.23 573.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 386.52 573.20 Td (income ) Tj ET Q q 0 0 0 rg BT 411.92 573.20 Td (of ) Tj ET Q q 0 0 0 rg BT 420.44 573.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.52 573.20 Td (28.7 ) Tj ET Q q 0 0 0 rg BT 452.38 573.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.49 573.20 Td ( ) Tj ET Q q 0 0 0 rg BT 477.35 573.20 Td (and ) Tj ET Q q 0 0 0 rg BT 490.76 573.20 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 541.04 573.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 555.34 573.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 563.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.83 563.60 Td (59.4 ) Tj ET Q q 0 0 0 rg BT 81.42 563.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.54 563.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.14 563.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.96 563.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 129.96 563.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.56 563.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.71 563.60 Td (201) Tj ET Q q 0 0 0 rg BT 156.41 563.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.41 563.60 Td (, ) Tj ET Q q 0 0 0 rg BT 164.01 563.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 202.14 563.60 Td (. ) Tj ET Q q 0 0 0 rg BT 205.38 563.60 Td (Also ) Tj ET Q q 0 0 0 rg BT 222.09 563.60 Td (during ) Tj ET Q q 0 0 0 rg BT 244.58 563.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.95 563.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 277.10 563.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 301.35 563.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.61 563.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 329.21 563.60 Td (we ) Tj ET Q q 0 0 0 rg BT 340.14 563.60 Td (designated ) Tj ET Q q 0 0 0 rg BT 375.95 563.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.31 563.60 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 444.89 563.60 Td (loans ) Tj ET Q q 0 0 0 rg BT 463.38 563.60 Td (to ) Tj ET Q q 0 0 0 rg BT 471.20 563.60 Td (be ) Tj ET Q q 0 0 0 rg BT 480.35 563.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.61 563.60 Td (a ) Tj ET Q q 0 0 0 rg BT 493.76 563.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 526.91 563.60 Td (investment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 554.00 Td (nature ) Tj ET Q q 0 0 0 rg BT 72.03 554.00 Td (as ) Tj ET Q q 0 0 0 rg BT 80.73 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 92.54 554.00 Td (repayment ) Tj ET Q q 0 0 0 rg BT 128.34 554.00 Td (of ) Tj ET Q q 0 0 0 rg BT 137.04 554.00 Td (these ) Tj ET Q q 0 0 0 rg BT 155.52 554.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 174.44 554.00 Td (is ) Tj ET Q q 0 0 0 rg BT 181.82 554.00 Td (neither ) Tj ET Q q 0 0 0 rg BT 206.07 554.00 Td (planned ) Tj ET Q q 0 0 0 rg BT 233.43 554.00 Td (nor ) Tj ET Q q 0 0 0 rg BT 246.13 554.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 283.26 554.00 Td (for ) Tj ET Q q 0 0 0 rg BT 294.63 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.44 554.00 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 344.90 554.00 Td (future. ) Tj ET Q q 0 0 0 rg BT 367.89 554.00 Td (W) Tj ET Q q 0 0 0 rg BT 374.80 554.00 Td (e ) Tj ET Q q 0 0 0 rg BT 380.39 554.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 410.41 554.00 Td (a ) Tj ET Q q 0 0 0 rg BT 415.99 554.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 441.13 554.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 473.38 554.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 487.86 554.00 Td (of ) Tj ET Q q 0 0 0 rg BT 496.56 554.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.83 554.00 Td (16.4 ) Tj ET Q q 0 0 0 rg BT 528.87 554.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.98 554.00 Td ( ) Tj ET Q q 0 0 0 rg BT 554.02 554.00 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 544.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 544.40 Td (retranslation ) Tj ET Q q 0 0 0 rg BT 103.76 544.40 Td (of ) Tj ET Q q 0 0 0 rg BT 112.42 544.40 Td (these ) Tj ET Q q 0 0 0 rg BT 130.86 544.40 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 176.84 544.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 195.73 544.40 Td (as ) Tj ET Q q 0 0 0 rg BT 204.39 544.40 Td (an ) Tj ET Q q 0 0 0 rg BT 213.95 544.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 251.05 544.40 Td (to ) Tj ET Q q 0 0 0 rg BT 259.27 544.40 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 301.70 544.40 Td (other ) Tj ET Q q 0 0 0 rg BT 320.13 544.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 370.56 544.40 Td (income, ) Tj ET Q q 0 0 0 rg BT 398.11 544.40 Td (a ) Tj ET Q q 0 0 0 rg BT 403.66 544.40 Td (component ) Tj ET Q q 0 0 0 rg BT 441.20 544.40 Td (of ) Tj ET Q q 0 0 0 rg BT 449.87 544.40 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 493.74 544.40 Td (equity) Tj ET Q q 0 0 0 rg BT 513.21 544.40 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 528.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.47 528.80 Td (following ) Tj ET Q q 0 0 0 rg BT 97.61 528.80 Td (table ) Tj ET Q q 0 0 0 rg BT 115.19 528.80 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 148.33 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 160.14 528.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 186.17 528.80 Td (by ) Tj ET Q q 0 0 0 rg BT 196.20 528.80 Td (which ) Tj ET Q q 0 0 0 rg BT 217.79 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 229.59 528.80 Td (spot ) Tj ET Q q 0 0 0 rg BT 244.96 528.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 277.20 528.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 291.22 528.80 Td (of ) Tj ET Q q 0 0 0 rg BT 299.92 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 311.72 528.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 332.42 528.80 Td (to ) Tj ET Q q 0 0 0 rg BT 340.67 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 352.48 528.80 Td (functional ) Tj ET Q q 0 0 0 rg BT 386.95 528.80 Td (currencies ) Tj ET Q q 0 0 0 rg BT 421.85 528.80 Td (of ) Tj ET Q q 0 0 0 rg BT 430.54 528.80 Td (our ) Tj ET Q q 0 0 0 rg BT 443.24 528.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.60 528.80 Td (moved ) Tj ET Q q 0 0 0 rg BT 502.40 528.80 Td (between ) Tj ET Q q 0 0 0 rg BT 531.09 528.80 Td (January ) Tj ET Q q 0 0 0 rg BT 558.00 528.80 Td (1 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 519.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 519.20 Td (December ) Tj ET Q q 0 0 0 rg BT 98.42 519.20 Td (31 ) Tj ET Q q 0 0 0 rg BT 108.42 519.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.64 519.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.64 519.20 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.64 519.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 152.64 519.20 Td ( ) Tj ET Q q 0 0 0 rg BT 154.64 519.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.19 519.20 Td (201) Tj ET Q q 0 0 0 rg BT 179.89 519.20 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.89 519.20 Td (, ) Tj ET Q q 0 0 0 rg BT 187.89 519.20 Td (respectively:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.70 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 478.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 478.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 478.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 478.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 478.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.70 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 448.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 448.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 448.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 448.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 448.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.70 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 418.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 418.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 418.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 418.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 418.70 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 493.7 m 424.5 493.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 493.7 m 428.5 493.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 493.7 m 493.5 493.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 493.7 m 497.5 493.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 493.7 m 562.5 493.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 478.7 m 424.5 478.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 478.7 m 493.5 478.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 493.7 m 562.5 493.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 478.7 m 562.5 478.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 478.7 m 424.5 478.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 478.7 m 493.5 478.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 478.7 m 562.5 478.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 497.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 497.93 Td (For The Year Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 482.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 482.93 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.00 482.93 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.00 482.93 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 467.95 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 86.55 467.95 Td (Lev) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 467.95 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 467.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.95 467.95 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.65 467.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 467.95 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 467.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 452.95 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 82.55 452.95 Td (Kuna) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 452.95 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 452.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.95 452.95 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.65 452.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 452.95 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 452.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 437.95 Td (Czech ) Tj ET Q q 0 0 0 rg BT 74.99 437.95 Td (Koruna) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.65 437.95 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 437.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.95 437.95 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.65 437.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 437.95 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 437.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 422.95 Td (Euro) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 422.95 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 422.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.95 422.95 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.65 422.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 422.95 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 422.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 407.95 Td (New ) Tj ET Q q 0 0 0 rg BT 70.11 407.95 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 104.99 407.95 Td (Lei) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 407.95 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 407.95 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.65 407.95 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 407.95 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 407.95 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 407.95 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.16 388.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 84.55 388.60 Td (was ) Tj ET Q q 0 0 0 rg BT 98.72 388.60 Td (weaker ) Tj ET Q q 0 0 0 rg BT 123.54 388.60 Td (overall ) Tj ET Q q 0 0 0 rg BT 147.48 388.60 Td (against ) Tj ET Q q 0 0 0 rg BT 171.86 388.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.36 388.60 Td (functional ) Tj ET Q q 0 0 0 rg BT 217.52 388.60 Td (currencies ) Tj ET Q q 0 0 0 rg BT 252.12 388.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.51 388.60 Td (our ) Tj ET Q q 0 0 0 rg BT 272.90 388.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 307.95 388.60 Td (between ) Tj ET Q q 0 0 0 rg BT 336.33 388.60 Td (January ) Tj ET Q q 0 0 0 rg BT 362.93 388.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 368.66 388.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.94 388.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 428.53 388.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.53 388.60 Td (, ) Tj ET Q q 0 0 0 rg BT 448.26 388.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 481.53 388.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.03 388.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 514.75 388.60 Td (Koruna, ) Tj ET Q q 0 0 0 rg BT 542.46 388.60 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 379.00 Td (was ) Tj ET Q q 0 0 0 rg BT 64.44 379.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 99.76 379.00 Td (impacted ) Tj ET Q q 0 0 0 rg BT 131.08 379.00 Td (by ) Tj ET Q q 0 0 0 rg BT 141.08 379.00 Td (the ) Tj ET Q q 0 0 0 rg BT 152.86 379.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 177.96 379.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 210.16 379.00 Td (intervention ) Tj ET Q q 0 0 0 rg BT 250.82 379.00 Td (of ) Tj ET Q q 0 0 0 rg BT 259.48 379.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.25 379.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 293.24 379.00 Td (National ) Tj ET Q q 0 0 0 rg BT 322.79 379.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 341.68 379.00 Td (in ) Tj ET Q q 0 0 0 rg BT 349.90 379.00 Td (November ) Tj ET Q q 0 0 0 rg BT 385.66 379.00 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 363.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.78 363.40 Td (following ) Tj ET Q q 0 0 0 rg BT 96.23 363.40 Td (table ) Tj ET Q q 0 0 0 rg BT 113.12 363.40 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 145.57 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 156.68 363.40 Td (change ) Tj ET Q q 0 0 0 rg BT 180.68 363.40 Td (in ) Tj ET Q q 0 0 0 rg BT 188.24 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 199.36 363.40 Td (average ) Tj ET Q q 0 0 0 rg BT 225.56 363.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 257.11 363.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 273.55 363.40 Td (of ) Tj ET Q q 0 0 0 rg BT 281.56 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 292.67 363.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 312.68 363.40 Td (to ) Tj ET Q q 0 0 0 rg BT 320.24 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 331.36 363.40 Td (functional ) Tj ET Q q 0 0 0 rg BT 365.13 363.40 Td (currencies ) Tj ET Q q 0 0 0 rg BT 399.34 363.40 Td (of ) Tj ET Q q 0 0 0 rg BT 407.35 363.40 Td (our ) Tj ET Q q 0 0 0 rg BT 419.35 363.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 454.02 363.40 Td (for ) Tj ET Q q 0 0 0 rg BT 464.69 363.40 Td (the ) Tj ET Q q 0 0 0 rg BT 475.80 363.40 Td (years ) Tj ET Q q 0 0 0 rg BT 494.02 363.40 Td (ending ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.14 363.40 Td (December31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 353.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 353.80 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.00 353.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 353.80 Td ( ) Tj ET Q q 0 0 0 rg BT 88.00 353.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.55 353.80 Td (201) Tj ET Q q 0 0 0 rg BT 113.25 353.80 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 117.25 353.80 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.30 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 313.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 313.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 313.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 313.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 313.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.30 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 283.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 283.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 283.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 283.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 283.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 253.30 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 253.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 253.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 253.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 253.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 253.30 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 328.29999999999995 m 424.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 328.29999999999995 m 428.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 328.29999999999995 m 493.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 328.29999999999995 m 497.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 328.29999999999995 m 562.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 328.29999999999995 m 424.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 313.29999999999995 m 424.5 313.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 328.29999999999995 m 428.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 328.29999999999995 m 493.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 313.29999999999995 m 493.5 313.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 328.29999999999995 m 497.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 328.29999999999995 m 562.5 328.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 313.29999999999995 m 562.5 313.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 313.29999999999995 m 493.5 313.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 313.29999999999995 m 562.5 313.29999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 332.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 332.53 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 317.53 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.00 317.53 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.00 317.53 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 302.55 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 86.55 302.55 Td (Lev) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 302.55 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 302.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 302.55 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 302.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.95 302.55 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.65 302.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 287.55 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 82.55 287.55 Td (Kuna) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 287.55 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 287.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 287.55 Td (9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 287.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.95 287.55 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.65 287.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 272.55 Td (Czech ) Tj ET Q q 0 0 0 rg BT 74.99 272.55 Td (Koruna) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.65 272.55 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.25 272.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.30 272.55 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 272.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.95 272.55 Td (\(7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.65 272.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 257.55 Td (Euro) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 257.55 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 257.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 257.55 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 257.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.95 257.55 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.65 257.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 242.55 Td (New ) Tj ET Q q 0 0 0 rg BT 70.11 242.55 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 104.99 242.55 Td (Lei) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.95 242.55 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 242.55 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.30 242.55 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 242.55 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.95 242.55 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.65 242.55 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 223.20 Td (o ) Tj ET Q q 0 0 0 rg BT 60.14 223.20 Td (the ) Tj ET Q q 0 0 0 rg BT 71.72 223.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 93.07 223.20 Td (that ) Tj ET Q q 0 0 0 rg BT 106.88 223.20 Td (our ) Tj ET Q q 0 0 0 rg BT 119.35 223.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 158.93 223.20 Td (incur ) Tj ET Q q 0 0 0 rg BT 177.18 223.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 214.09 223.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 235.01 223.20 Td (in ) Tj ET Q q 0 0 0 rg BT 243.04 223.20 Td (their ) Tj ET Q q 0 0 0 rg BT 259.51 223.20 Td (local ) Tj ET Q q 0 0 0 rg BT 276.86 223.20 Td (functional ) Tj ET Q q 0 0 0 rg BT 311.11 223.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 340.89 223.20 Td (income ) Tj ET Q q 0 0 0 rg BT 366.25 223.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 398.71 223.20 Td (on ) Tj ET Q q 0 0 0 rg BT 408.52 223.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.11 223.20 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 457.90 223.20 Td (of ) Tj ET Q q 0 0 0 rg BT 466.37 223.20 Td (monetary ) Tj ET Q q 0 0 0 rg BT 498.39 223.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.86 223.20 Td (and ) Tj ET Q q 0 0 0 rg BT 532.22 223.20 Td (liabilities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 213.60 Td (denominated ) Tj ET Q q 0 0 0 rg BT 93.11 213.60 Td (in ) Tj ET Q q 0 0 0 rg BT 101.13 213.60 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 126.70 213.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.82 213.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 170.70 213.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.04 213.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 191.61 213.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.07 213.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.63 213.60 Td (same ) Tj ET Q q 0 0 0 rg BT 229.86 213.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 255.65 213.60 Td (as ) Tj ET Q q 0 0 0 rg BT 264.11 213.60 Td (a ) Tj ET Q q 0 0 0 rg BT 269.45 213.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 299.23 213.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 334.79 213.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 371.69 213.60 Td (within ) Tj ET Q q 0 0 0 rg BT 393.93 213.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 415.71 213.60 Td (when ) Tj ET Q q 0 0 0 rg BT 434.84 213.60 Td (we ) Tj ET Q q 0 0 0 rg BT 445.96 213.60 Td (retranslate ) Tj ET Q q 0 0 0 rg BT 481.06 213.60 Td (our ) Tj ET Q q 0 0 0 rg BT 493.52 213.60 Td (net ) Tj ET Q q 0 0 0 rg BT 505.09 213.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 541.98 213.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.00 213.60 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 204.00 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 84.56 204.00 Td (into ) Tj ET Q q 0 0 0 rg BT 98.67 204.00 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 124.12 204.00 Td (Similarly) Tj ET Q q 0 0 0 rg BT 153.38 204.00 Td (, ) Tj ET Q q 0 0 0 rg BT 157.05 204.00 Td (any ) Tj ET Q q 0 0 0 rg BT 170.27 204.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 202.14 204.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 217.59 204.00 Td (or ) Tj ET Q q 0 0 0 rg BT 225.92 204.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 240.04 204.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 263.49 204.00 Td (on ) Tj ET Q q 0 0 0 rg BT 273.16 204.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.60 204.00 Td (retranslation ) Tj ET Q q 0 0 0 rg BT 326.26 204.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.59 204.00 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 380.25 204.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 398.80 204.00 Td (in ) Tj ET Q q 0 0 0 rg BT 406.70 204.00 Td (the ) Tj ET Q q 0 0 0 rg BT 418.14 204.00 Td (functional ) Tj ET Q q 0 0 0 rg BT 452.25 204.00 Td (currency ) Tj ET Q q 0 0 0 rg BT 481.90 204.00 Td (of ) Tj ET Q q 0 0 0 rg BT 490.23 204.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.68 204.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 529.11 204.00 Td (subsidiary ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 194.40 Td (or ) Tj ET Q q 0 0 0 rg BT 58.66 194.40 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 194.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 91.10 194.40 Td (will ) Tj ET Q q 0 0 0 rg BT 105.54 194.40 Td (be ) Tj ET Q q 0 0 0 rg BT 115.09 194.40 Td (of) Tj ET Q q 0 0 0 rg BT 121.61 194.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 135.16 194.40 Td (by ) Tj ET Q q 0 0 0 rg BT 145.16 194.40 Td (an ) Tj ET Q q 0 0 0 rg BT 154.71 194.40 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 190.04 194.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 204.48 194.40 Td (or ) Tj ET Q q 0 0 0 rg BT 213.15 194.40 Td (gain ) Tj ET Q q 0 0 0 rg BT 228.92 194.40 Td (on ) Tj ET Q q 0 0 0 rg BT 238.92 194.40 Td (consolidation.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.25 743.50 Td (following ) Tj ET Q q 0 0 0 rg BT 97.17 743.50 Td (charts ) Tj ET Q q 0 0 0 rg BT 118.08 743.50 Td (depict ) Tj ET Q q 0 0 0 rg BT 139.44 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.03 743.50 Td (movement ) Tj ET Q q 0 0 0 rg BT 186.61 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.08 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 206.67 743.50 Td (dollar ) Tj ET Q q 0 0 0 rg BT 227.14 743.50 Td (versus ) Tj ET Q q 0 0 0 rg BT 249.39 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 260.98 743.50 Td (functional ) Tj ET Q q 0 0 0 rg BT 295.22 743.50 Td (currencies ) Tj ET Q q 0 0 0 rg BT 329.90 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 338.38 743.50 Td (our ) Tj ET Q q 0 0 0 rg BT 350.85 743.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 387.99 743.50 Td (based ) Tj ET Q q 0 0 0 rg BT 408.01 743.50 Td (on ) Tj ET Q q 0 0 0 rg BT 417.83 743.50 Td (monthly ) Tj ET Q q 0 0 0 rg BT 446.31 743.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 471.23 743.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 490.14 743.50 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.84 743.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.84 743.50 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.65 743.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.65 743.50 Td ( ) Tj ET Q q 0 0 0 rg BT 550.46 743.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (201) Tj ET Q q 0 0 0 rg BT 61.70 733.90 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.70 733.90 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 718.30 Td (Per) Tj ET Q q 0 0 0 rg BT 61.25 718.30 Td (cent ) Tj ET Q q 0 0 0 rg BT 76.58 718.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 103.46 718.30 Td (During ) Tj ET Q q 0 0 0 rg BT 128.58 718.30 Td (the ) Tj ET Q q 0 0 0 rg BT 140.35 718.30 Td (Y) Tj ET Q q 0 0 0 rg BT 144.07 718.30 Td (ear ) Tj ET Q q 0 0 0 rg BT 156.73 718.30 Td (Ended ) Tj ET Q q 0 0 0 rg BT 179.17 718.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 226.04 718.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 397.70 Td (Per) Tj ET Q q 0 0 0 rg BT 61.25 397.70 Td (cent ) Tj ET Q q 0 0 0 rg BT 76.58 397.70 Td (Change ) Tj ET Q q 0 0 0 rg BT 103.46 397.70 Td (During ) Tj ET Q q 0 0 0 rg BT 128.58 397.70 Td (the ) Tj ET Q q 0 0 0 rg BT 140.35 397.70 Td (Y) Tj ET Q q 0 0 0 rg BT 144.07 397.70 Td (ear ) Tj ET Q q 0 0 0 rg BT 156.73 397.70 Td (Ended ) Tj ET Q q 0 0 0 rg BT 179.17 397.70 Td (December ) Tj ET Q q 0 0 0 rg BT 214.04 397.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 226.04 397.70 Td (2012) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 512.00 0 0 305.00 50.00 87.70 cm /I21 Do Q /GS0 gs q 512.00 0 0 305.00 50.00 408.30 cm /I22 Do Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (33) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Per) Tj ET Q q 0 0 0 rg BT 61.25 743.45 Td (cent ) Tj ET Q q 0 0 0 rg BT 76.58 743.45 Td (Change ) Tj ET Q q 0 0 0 rg BT 103.46 743.45 Td (During ) Tj ET Q q 0 0 0 rg BT 128.58 743.45 Td (the ) Tj ET Q q 0 0 0 rg BT 140.35 743.45 Td (Y) Tj ET Q q 0 0 0 rg BT 144.07 743.45 Td (ear ) Tj ET Q q 0 0 0 rg BT 156.73 743.45 Td (Ended ) Tj ET Q q 0 0 0 rg BT 179.17 743.45 Td (December ) Tj ET Q q 0 0 0 rg BT 214.04 743.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 226.04 743.45 Td (201) Tj ET Q q 0 0 0 rg BT 237.45 743.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 422.85 Td (II ) Tj ET Q q 0 0 0 rg BT 58.23 422.85 Td (\(g\) ) Tj ET Q q 0 0 0 rg BT 69.55 422.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 116.45 422.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 144.68 422.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 164.00 422.85 Td (as ) Tj ET Q q 0 0 0 rg BT 173.12 422.85 Td (at ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.78 422.85 Td (December) Tj ET Q q 0 0 0 rg BT 216.28 422.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 230.28 422.85 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.28 422.85 Td ( ) Tj ET Q q 0 0 0 rg BT 248.28 422.85 Td (and ) Tj ET Q q 0 0 0 rg BT 263.18 422.85 Td (December) Tj ET Q q 0 0 0 rg BT 297.68 422.85 Td ( ) Tj ET Q q 0 0 0 rg BT 299.68 422.85 Td (31, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.68 422.85 Td (2012) Tj ET Q BT /F3 8.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.35 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 384.35 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 384.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 384.35 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 384.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 384.35 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.35 234.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 354.35 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 354.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 354.35 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 354.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 354.35 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 324.35 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378.5 399.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 399.35 m 468.5 399.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 399.35 m 472.5 399.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 399.35 m 562.5 399.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 384.35 m 374.5 384.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 384.35 m 468.5 384.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 384.35 m 562.5 384.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 384.35 m 374.5 384.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 384.35 m 468.5 384.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 403.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.35 403.58 Td (Summarized Consolidated Balance Sheet \(US$ 000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 388.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.50 388.58 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.50 388.58 Td (December 31, 2012) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 524.30 388.58 Td (Movement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 373.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 79.44 373.60 Td (assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.00 373.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 373.60 Td (451,057) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 373.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 373.60 Td (518,551) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.95 373.60 Td (\(13.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 373.60 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 358.60 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 94.09 358.60 Td (assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.30 358.60 Td (1,510,816) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 358.60 Td (1,656,164) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 539.95 358.60 Td (\(8.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 358.60 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 343.60 Td (Current ) Tj ET Q q 0 0 0 rg BT 79.44 343.60 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 343.60 Td (316,010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 343.60 Td (291,364) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 542.65 343.60 Td (8.5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 555.30 343.60 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 328.60 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 94.09 328.60 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 328.60 Td (996,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 328.60 Td (1,252,084) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.95 328.60 Td (\(20.4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 328.60 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 313.60 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 313.60 Td (emporary ) Tj ET Q q 0 0 0 rg BT 89.98 313.60 Td (equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 313.60 Td (207,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.30 313.60 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 545.50 313.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 298.60 Td (CME ) Tj ET Q q 0 0 0 rg BT 72.34 298.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 87.45 298.60 Td (shareholders) Tj ET Q q 0 0 0 rg BT 130.24 298.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.95 298.60 Td (equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 298.60 Td (440,108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.30 298.60 Td (626,061) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.95 298.60 Td (\(29.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 298.60 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 283.60 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 103.88 283.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 132.54 283.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.77 283.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 183.20 283.60 Td (subsidiaries) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.30 283.60 Td (893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 283.60 Td (5,206) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 535.95 283.60 Td (\(82.8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 552.65 283.60 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 264.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 67.18 264.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 80.15 264.25 Td (assets:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.37 264.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 131.12 264.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.09 264.25 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.17 264.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 207.34 264.25 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.34 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.65 264.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 259.49 264.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.79 264.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.33 264.25 Td (67.5 ) Tj ET Q q 0 0 0 rg BT 302.63 264.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.75 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.05 264.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 361.90 264.25 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.43 264.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.60 264.25 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.60 264.25 Td (, ) Tj ET Q q 0 0 0 rg BT 437.91 264.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 469.98 264.25 Td (as ) Tj ET Q q 0 0 0 rg BT 478.96 264.25 Td (a ) Tj ET Q q 0 0 0 rg BT 484.81 264.25 Td (result ) Tj ET Q q 0 0 0 rg BT 504.89 264.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.86 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.94 264.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 555.78 264.25 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 254.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 66.11 254.65 Td (due ) Tj ET Q q 0 0 0 rg BT 79.55 254.65 Td (to ) Tj ET Q q 0 0 0 rg BT 87.67 254.65 Td (the ) Tj ET Q q 0 0 0 rg BT 99.33 254.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 122.99 254.65 Td (of ) Tj ET Q q 0 0 0 rg BT 131.55 254.65 Td (the ) Tj ET Q q 0 0 0 rg BT 143.22 254.65 Td (decline ) Tj ET Q q 0 0 0 rg BT 168.21 254.65 Td (in ) Tj ET Q q 0 0 0 rg BT 176.32 254.65 Td (the ) Tj ET Q q 0 0 0 rg BT 187.99 254.65 Td (television ) Tj ET Q q 0 0 0 rg BT 220.99 254.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 258.43 254.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 285.64 254.65 Td (on ) Tj ET Q q 0 0 0 rg BT 295.54 254.65 Td (our ) Tj ET Q q 0 0 0 rg BT 308.09 254.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.97 254.65 Td (performance, ) Tj ET Q q 0 0 0 rg BT 382.28 254.65 Td (particularly ) Tj ET Q q 0 0 0 rg BT 421.04 254.65 Td (on ) Tj ET Q q 0 0 0 rg BT 430.94 254.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.04 254.65 Td (receipts, ) Tj ET Q q 0 0 0 rg BT 475.81 254.65 Td (and ) Tj ET Q q 0 0 0 rg BT 489.25 254.65 Td (a ) Tj ET Q q 0 0 0 rg BT 494.70 254.65 Td (decrease ) Tj ET Q q 0 0 0 rg BT 524.12 254.65 Td (in ) Tj ET Q q 0 0 0 rg BT 532.24 254.65 Td (restricted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 245.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 66.21 245.05 Td (which ) Tj ET Q q 0 0 0 rg BT 87.77 245.05 Td (was ) Tj ET Q q 0 0 0 rg BT 102.21 245.05 Td (deposited ) Tj ET Q q 0 0 0 rg BT 134.87 245.05 Td (in ) Tj ET Q q 0 0 0 rg BT 143.09 245.05 Td (escrow ) Tj ET Q q 0 0 0 rg BT 167.75 245.05 Td (and ) Tj ET Q q 0 0 0 rg BT 181.30 245.05 Td (used ) Tj ET Q q 0 0 0 rg BT 197.96 245.05 Td (to ) Tj ET Q q 0 0 0 rg BT 206.18 245.05 Td (settle ) Tj ET Q q 0 0 0 rg BT 225.07 245.05 Td (the ) Tj ET Q q 0 0 0 rg BT 236.84 245.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 254.84 245.05 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 294.61 245.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 315.27 245.05 Td (when ) Tj ET Q q 0 0 0 rg BT 334.60 245.05 Td (they ) Tj ET Q q 0 0 0 rg BT 350.38 245.05 Td (matured ) Tj ET Q q 0 0 0 rg BT 378.59 245.05 Td (in ) Tj ET Q q 0 0 0 rg BT 386.81 245.05 Td (March ) Tj ET Q q 0 0 0 rg BT 409.69 245.05 Td (2013.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 229.45 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 81.85 229.45 Td (ent ) Tj ET Q q 0 0 0 rg BT 94.15 229.45 Td (assets:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.37 229.45 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 159.11 229.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 179.41 229.45 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.82 229.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 233.33 229.45 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.33 229.45 Td ( ) Tj ET Q q 0 0 0 rg BT 250.97 229.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 284.14 229.45 Td (by ) Tj ET Q q 0 0 0 rg BT 293.79 229.45 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.65 229.45 Td (145.3 ) Tj ET Q q 0 0 0 rg BT 329.29 229.45 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.41 229.45 Td ( ) Tj ET Q q 0 0 0 rg BT 354.05 229.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 387.23 229.45 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.09 229.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 441.60 229.45 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.60 229.45 Td (, ) Tj ET Q q 0 0 0 rg BT 461.24 229.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 492.65 229.45 Td (due ) Tj ET Q q 0 0 0 rg BT 505.84 229.45 Td (to ) Tj ET Q q 0 0 0 rg BT 513.70 229.45 Td (the ) Tj ET Q q 0 0 0 rg BT 525.12 229.45 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.85 Td (of ) Tj ET Q q 0 0 0 rg BT 58.82 219.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 89.43 219.85 Td (and ) Tj ET Q q 0 0 0 rg BT 103.14 219.85 Td (other ) Tj ET Q q 0 0 0 rg BT 121.73 219.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 155.89 219.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 176.71 219.85 Td (\(see ) Tj ET Q q 0 0 0 rg BT 191.75 219.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 208.57 219.85 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.73 219.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 234.44 219.85 Td (4, ) Tj ET Q q 0 0 0 rg BT 242.59 219.85 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 278.24 219.85 Td (and ) Tj ET Q q 0 0 0 rg BT 291.95 219.85 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 326.07 219.85 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.22 219.85 Td (\), ) Tj ET Q q 0 0 0 rg BT 357.05 219.85 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 398.74 219.85 Td (and ) Tj ET Q q 0 0 0 rg BT 412.45 219.85 Td (amortization ) Tj ET Q q 0 0 0 rg BT 455.04 219.85 Td (expense, ) Tj ET Q q 0 0 0 rg BT 484.97 219.85 Td (and ) Tj ET Q q 0 0 0 rg BT 498.68 219.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 537.71 219.85 Td (char) Tj ET Q q 0 0 0 rg BT 551.33 219.85 Td (ges ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (related ) Tj ET Q q 0 0 0 rg BT 73.76 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.98 210.25 Td (own-produced ) Tj ET Q q 0 0 0 rg BT 130.19 210.25 Td (programming ) Tj ET Q q 0 0 0 rg BT 175.74 210.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 196.40 210.25 Td (that ) Tj ET Q q 0 0 0 rg BT 210.40 210.25 Td (were ) Tj ET Q q 0 0 0 rg BT 227.94 210.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 254.82 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.04 210.25 Td (not ) Tj ET Q q 0 0 0 rg BT 275.26 210.25 Td (be ) Tj ET Q q 0 0 0 rg BT 284.81 210.25 Td (realizable.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 194.65 Td (Curr) Tj ET Q q 0 0 0 rg BT 67.18 194.65 Td (ent ) Tj ET Q q 0 0 0 rg BT 79.82 194.65 Td (liabilities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.60 194.65 Td (Current ) Tj ET Q q 0 0 0 rg BT 142.01 194.65 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 173.75 194.65 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.50 194.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 228.33 194.65 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.33 194.65 Td ( ) Tj ET Q q 0 0 0 rg BT 246.31 194.65 Td (increased ) Tj ET Q q 0 0 0 rg BT 278.48 194.65 Td (by ) Tj ET Q q 0 0 0 rg BT 288.45 194.65 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.65 194.65 Td (24.6 ) Tj ET Q q 0 0 0 rg BT 320.62 194.65 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.74 194.65 Td ( ) Tj ET Q q 0 0 0 rg BT 345.71 194.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 379.22 194.65 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.41 194.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 434.25 194.65 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.25 194.65 Td (, ) Tj ET Q q 0 0 0 rg BT 454.22 194.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 485.96 194.65 Td (as ) Tj ET Q q 0 0 0 rg BT 494.60 194.65 Td (a ) Tj ET Q q 0 0 0 rg BT 500.12 194.65 Td (result ) Tj ET Q q 0 0 0 rg BT 519.87 194.65 Td (of ) Tj ET Q q 0 0 0 rg BT 528.50 194.65 Td (the ) Tj ET Q q 0 0 0 rg BT 540.25 194.65 Td (further ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 185.05 Td (deferrals ) Tj ET Q q 0 0 0 rg BT 79.98 185.05 Td (of ) Tj ET Q q 0 0 0 rg BT 88.64 185.05 Td (payments ) Tj ET Q q 0 0 0 rg BT 121.30 185.05 Td (to ) Tj ET Q q 0 0 0 rg BT 129.53 185.05 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 160.41 185.05 Td (of ) Tj ET Q q 0 0 0 rg BT 169.08 185.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 198.62 185.05 Td (programming.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 169.45 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 81.85 169.45 Td (ent ) Tj ET Q q 0 0 0 rg BT 94.53 169.45 Td (liabilities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 128.30 169.45 Td (Non-current ) Tj ET Q q 0 0 0 rg BT 171.41 169.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 203.20 169.45 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.99 169.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 257.87 169.45 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.87 169.45 Td ( ) Tj ET Q q 0 0 0 rg BT 275.88 169.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 309.43 169.45 Td (by ) Tj ET Q q 0 0 0 rg BT 319.45 169.45 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.69 169.45 Td (255.1 ) Tj ET Q q 0 0 0 rg BT 355.70 169.45 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.81 169.45 Td ( ) Tj ET Q q 0 0 0 rg BT 380.83 169.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 414.38 169.45 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.62 169.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 469.50 169.45 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.50 169.45 Td (, ) Tj ET Q q 0 0 0 rg BT 489.52 169.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 521.30 169.45 Td (as ) Tj ET Q q 0 0 0 rg BT 529.98 169.45 Td (a ) Tj ET Q q 0 0 0 rg BT 535.54 169.45 Td (result ) Tj ET Q q 0 0 0 rg BT 555.33 169.45 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 159.85 Td (the ) Tj ET Q q 0 0 0 rg BT 60.82 159.85 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 96.51 159.85 Td (of ) Tj ET Q q 0 0 0 rg BT 104.23 159.85 Td (a ) Tj ET Q q 0 0 0 rg BT 108.82 159.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 132.98 159.85 Td (of ) Tj ET Q q 0 0 0 rg BT 140.69 159.85 Td (our ) Tj ET Q q 0 0 0 rg BT 152.41 159.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 169.45 159.85 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 188.72 159.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 204.43 159.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 224.14 159.85 Td (during ) Tj ET Q q 0 0 0 rg BT 246.08 159.85 Td (the ) Tj ET Q q 0 0 0 rg BT 256.90 159.85 Td (second ) Tj ET Q q 0 0 0 rg BT 280.16 159.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 303.86 159.85 Td (of ) Tj ET Q q 0 0 0 rg BT 311.57 159.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 328.62 159.85 Td (\(see ) Tj ET Q q 0 0 0 rg BT 342.55 159.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 358.26 159.85 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.30 159.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 381.90 159.85 Td (5, ) Tj ET Q q 0 0 0 rg BT 388.95 159.85 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 427.48 159.85 Td (Debt ) Tj ET Q q 0 0 0 rg BT 444.07 159.85 Td (and ) Tj ET Q q 0 0 0 rg BT 456.67 159.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 475.94 159.85 Td (Financing ) Tj ET Q q 0 0 0 rg BT 508.75 159.85 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.33 159.85 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.60 145.25 Td (emporary ) Tj ET Q q 0 0 0 rg BT 90.67 145.25 Td (equity:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 114.67 145.25 Td () Tj ET Q q 0 0 0 rg BT 116.52 145.25 Td (T) Tj ET Q q 0 0 0 rg BT 120.85 145.25 Td (emporary ) Tj ET Q q 0 0 0 rg BT 153.80 145.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 176.09 145.25 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.16 145.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 231.33 145.25 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.33 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.63 145.25 Td (was ) Tj ET Q q 0 0 0 rg BT 264.37 145.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.89 145.25 Td (207.9 ) Tj ET Q q 0 0 0 rg BT 301.19 145.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.60 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.45 145.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 375.18 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.25 145.25 Td (accreted ) Tj ET Q q 0 0 0 rg BT 416.19 145.25 Td (value ) Tj ET Q q 0 0 0 rg BT 435.81 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.77 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.84 145.25 Td (Series ) Tj ET Q q 0 0 0 rg BT 478.69 145.25 Td (B ) Tj ET Q q 0 0 0 rg BT 486.32 145.25 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 518.38 145.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 542.00 145.25 Td (issued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.65 Td (June ) Tj ET Q q 0 0 0 rg BT 66.66 135.65 Td (25, ) Tj ET Q q 0 0 0 rg BT 78.66 135.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 96.66 135.65 Td (to ) Tj ET Q q 0 0 0 rg BT 104.74 135.65 Td (TW) Tj ET Q q 0 0 0 rg BT 117.04 135.65 Td ( ) Tj ET Q q 0 0 0 rg BT 119.04 135.65 Td (Investor) Tj ET Q q 0 0 0 rg BT 144.81 135.65 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 120.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 70.51 120.05 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 86.80 120.05 Td (shar) Tj ET Q q 0 0 0 rg BT 101.77 120.05 Td (eholders) Tj ET Q q 0 0 0 rg BT 132.73 120.05 Td ( ) Tj ET Q q 0 0 0 rg BT 134.58 120.05 Td (equity:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.58 120.05 Td ( ) Tj ET Q q 0 0 0 rg BT 160.42 120.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 179.60 120.05 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 194.56 120.05 Td (shareholders) Tj ET Q q 0 0 0 rg BT 237.06 120.05 Td ( ) Tj ET Q q 0 0 0 rg BT 238.90 120.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 260.75 120.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 294.12 120.05 Td (by ) Tj ET Q q 0 0 0 rg BT 303.97 120.05 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.04 120.05 Td (186.0 ) Tj ET Q q 0 0 0 rg BT 339.89 120.05 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.00 120.05 Td ( ) Tj ET Q q 0 0 0 rg BT 364.85 120.05 Td (in ) Tj ET Q q 0 0 0 rg BT 372.91 120.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 392.76 120.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 424.38 120.05 Td (due ) Tj ET Q q 0 0 0 rg BT 437.77 120.05 Td (to ) Tj ET Q q 0 0 0 rg BT 445.84 120.05 Td (the ) Tj ET Q q 0 0 0 rg BT 457.46 120.05 Td (net ) Tj ET Q q 0 0 0 rg BT 469.08 120.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 483.37 120.05 Td (attributable ) Tj ET Q q 0 0 0 rg BT 521.65 120.05 Td (to ) Tj ET Q q 0 0 0 rg BT 529.72 120.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 548.90 120.05 Td (Ltd. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 110.45 Td (of ) Tj ET Q q 0 0 0 rg BT 58.44 110.45 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.45 110.45 Td (277.7 ) Tj ET Q q 0 0 0 rg BT 94.23 110.45 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 117.34 110.45 Td (. ) Tj ET Q q 0 0 0 rg BT 121.00 110.45 Td (The ) Tj ET Q q 0 0 0 rg BT 135.21 110.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 164.53 110.45 Td (was ) Tj ET Q q 0 0 0 rg BT 178.75 110.45 Td (furthered ) Tj ET Q q 0 0 0 rg BT 209.84 110.45 Td (by ) Tj ET Q q 0 0 0 rg BT 219.62 110.45 Td (a ) Tj ET Q q 0 0 0 rg BT 224.96 110.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 254.27 110.45 Td (in ) Tj ET Q q 0 0 0 rg BT 262.27 110.45 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 304.47 110.45 Td (other ) Tj ET Q q 0 0 0 rg BT 322.69 110.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 372.90 110.45 Td (income ) Tj ET Q q 0 0 0 rg BT 398.22 110.45 Td (of ) Tj ET Q q 0 0 0 rg BT 406.67 110.45 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.67 110.45 Td (58.0 ) Tj ET Q q 0 0 0 rg BT 438.45 110.45 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.57 110.45 Td ( ) Tj ET Q q 0 0 0 rg BT 463.35 110.45 Td (due ) Tj ET Q q 0 0 0 rg BT 476.68 110.45 Td (to ) Tj ET Q q 0 0 0 rg BT 484.68 110.45 Td (the ) Tj ET Q q 0 0 0 rg BT 496.24 110.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 520.23 110.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 543.78 110.45 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 110.45 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 100.85 Td (weakening ) Tj ET Q q 0 0 0 rg BT 86.70 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 95.41 100.85 Td (the ) Tj ET Q q 0 0 0 rg BT 107.22 100.85 Td (dollar ) Tj ET Q q 0 0 0 rg BT 127.93 100.85 Td (on ) Tj ET Q q 0 0 0 rg BT 137.97 100.85 Td (our ) Tj ET Q q 0 0 0 rg BT 150.68 100.85 Td (foreign ) Tj ET Q q 0 0 0 rg BT 175.83 100.85 Td (currency ) Tj ET Q q 0 0 0 rg BT 205.86 100.85 Td (denominated ) Tj ET Q q 0 0 0 rg BT 249.22 100.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 269.93 100.85 Td (and ) Tj ET Q q 0 0 0 rg BT 283.53 100.85 Td (by ) Tj ET Q q 0 0 0 rg BT 293.57 100.85 Td (accretion ) Tj ET Q q 0 0 0 rg BT 324.93 100.85 Td (of ) Tj ET Q q 0 0 0 rg BT 333.64 100.85 Td (the ) Tj ET Q q 0 0 0 rg BT 345.46 100.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 376.81 100.85 Td (dividend ) Tj ET Q q 0 0 0 rg BT 406.85 100.85 Td (paid-in-kind ) Tj ET Q q 0 0 0 rg BT 448.44 100.85 Td (on ) Tj ET Q q 0 0 0 rg BT 458.49 100.85 Td (our ) Tj ET Q q 0 0 0 rg BT 471.20 100.85 Td (Series ) Tj ET Q q 0 0 0 rg BT 492.79 100.85 Td (B ) Tj ET Q q 0 0 0 rg BT 500.17 100.85 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 531.97 100.85 Td (Shares ) Tj ET Q q 0 0 0 rg BT 555.35 100.85 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.63 91.25 Td (7.9 ) Tj ET Q q 0 0 0 rg BT 79.04 91.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.15 91.25 Td (. ) Tj ET Q q 0 0 0 rg BT 106.38 91.25 Td (These ) Tj ET Q q 0 0 0 rg BT 127.88 91.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 160.93 91.25 Td (were ) Tj ET Q q 0 0 0 rg BT 178.88 91.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 207.94 91.25 Td (of) Tj ET Q q 0 0 0 rg BT 214.46 91.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 228.42 91.25 Td (by ) Tj ET Q q 0 0 0 rg BT 238.82 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.00 91.25 Td (net ) Tj ET Q q 0 0 0 rg BT 263.18 91.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 294.01 91.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.08 91.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.71 91.25 Td (151.7 ) Tj ET Q q 0 0 0 rg BT 340.11 91.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.23 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.63 91.25 Td (from ) Tj ET Q q 0 0 0 rg BT 383.59 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.76 91.25 Td (public ) Tj ET Q q 0 0 0 rg BT 418.16 91.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 440.56 91.25 Td (of) Tj ET Q q 0 0 0 rg BT 447.08 91.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 468.59 91.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 504.31 91.25 Td (during ) Tj ET Q q 0 0 0 rg BT 527.61 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.78 91.25 Td (second ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 81.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 74.65 81.65 Td (of ) Tj ET Q q 0 0 0 rg BT 83.32 81.65 Td (2013. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 66.05 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 82.30 66.05 Td (olling ) Tj ET Q q 0 0 0 rg BT 103.54 66.05 Td (inter) Tj ET Q q 0 0 0 rg BT 119.83 66.05 Td (ests ) Tj ET Q q 0 0 0 rg BT 134.40 66.05 Td (in ) Tj ET Q q 0 0 0 rg BT 143.20 66.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 188.00 66.05 Td (subsidiaries:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.12 66.05 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 284.13 66.05 Td (interests ) Tj ET Q q 0 0 0 rg BT 312.92 66.05 Td (in ) Tj ET Q q 0 0 0 rg BT 321.27 66.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 363.83 66.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 403.73 66.05 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.63 66.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 458.62 66.05 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.62 66.05 Td ( ) Tj ET Q q 0 0 0 rg BT 476.75 66.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 510.41 66.05 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.76 66.05 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 538.89 66.05 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.00 66.05 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 56.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 83.54 56.45 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 91.76 56.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 138.63 56.45 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 154.63 56.45 Td (, ) Tj ET Q q 0 0 0 rg BT 158.63 56.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.40 56.45 Td (due ) Tj ET Q q 0 0 0 rg BT 203.95 56.45 Td (to ) Tj ET Q q 0 0 0 rg BT 212.17 56.45 Td (the ) Tj ET Q q 0 0 0 rg BT 223.95 56.45 Td (net ) Tj ET Q q 0 0 0 rg BT 235.72 56.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 250.17 56.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 288.60 56.45 Td (to ) Tj ET Q q 0 0 0 rg BT 296.82 56.45 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 345.93 56.45 Td (interests ) Tj ET Q q 0 0 0 rg BT 374.59 56.45 Td (of ) Tj ET Q q 0 0 0 rg BT 383.25 56.45 Td (our ) Tj ET Q q 0 0 0 rg BT 395.91 56.45 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 425.46 56.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 460.79 56.45 Td (and ) Tj ET Q q 0 0 0 rg BT 474.34 56.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 507.45 56.45 Td (paid.) Tj ET Q /GS0 gs q 512.00 0 0 305.00 50.00 433.45 cm /I23 Do Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (34) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (III. ) Tj ET Q q 0 0 0 rg BT 77.00 731.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 111.02 731.60 Td (and ) Tj ET Q q 0 0 0 rg BT 125.91 731.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 153.25 731.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 177.55 731.60 Td (ces) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 710.00 Td (III\(a\) ) Tj ET Q q 0 0 0 rg BT 77.00 710.00 Td (Summary ) Tj ET Q q 0 0 0 rg BT 112.78 710.00 Td (of ) Tj ET Q q 0 0 0 rg BT 121.44 710.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 140.78 710.00 Td (Flows) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 694.40 Td (Cash ) Tj ET Q q 0 0 0 rg BT 68.05 694.40 Td (and ) Tj ET Q q 0 0 0 rg BT 81.65 694.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.91 694.40 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 136.39 694.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 169.97 694.40 Td (by ) Tj ET Q q 0 0 0 rg BT 180.02 694.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.30 694.40 Td (35.4 ) Tj ET Q q 0 0 0 rg BT 212.35 694.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.46 694.40 Td ( ) Tj ET Q q 0 0 0 rg BT 237.51 694.40 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.45 694.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.45 694.40 Td (. ) Tj ET Q q 0 0 0 rg BT 280.35 694.40 Td (The ) Tj ET Q q 0 0 0 rg BT 294.83 694.40 Td (change ) Tj ET Q q 0 0 0 rg BT 319.53 694.40 Td (in ) Tj ET Q q 0 0 0 rg BT 327.81 694.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 344.07 694.40 Td (and ) Tj ET Q q 0 0 0 rg BT 357.67 694.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.93 694.40 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 412.41 694.40 Td (for ) Tj ET Q q 0 0 0 rg BT 423.79 694.40 Td (the ) Tj ET Q q 0 0 0 rg BT 435.61 694.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 461.21 694.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 493.91 694.40 Td (below ) Tj ET Q q 0 0 0 rg BT 515.51 694.40 Td (is ) Tj ET Q q 0 0 0 rg BT 522.90 694.40 Td (summarized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 684.80 Td (as ) Tj ET Q q 0 0 0 rg BT 58.66 684.80 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 646.30 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 646.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 646.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 646.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 646.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 646.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.30 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 616.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 616.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 616.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 616.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 616.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.30 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 586.30 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 586.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 586.30 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 586.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 586.30 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 661.3 m 424.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 661.3 m 497.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 661.3 m 562.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 661.3 m 424.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 646.3 m 424.5 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 661.3 m 428.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 661.3 m 493.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 646.3 m 493.5 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 661.3 m 497.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 661.3 m 562.5 661.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 646.3 m 562.5 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 646.3 m 424.5 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 646.3 m 493.5 646.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 646.3 m 562.5 646.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 586.3 m 424.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 573.3 m 424.5 573.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 571.3 m 424.5 571.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 586.3 m 493.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 573.3 m 493.5 573.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 571.3 m 493.5 571.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 586.3 m 562.5 586.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 573.3 m 562.5 573.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 571.3 m 562.5 571.3 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.05 665.53 Td (For the Year Ending December 31, \(US$ 000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 650.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.00 650.53 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.00 650.53 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.00 650.53 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 635.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.55 635.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.77 635.55 Td (\(used ) Tj ET Q q 0 0 0 rg BT 102.09 635.55 Td (in\) ) Tj ET Q q 0 0 0 rg BT 112.98 635.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 117.20 635.55 Td (generated ) Tj ET Q q 0 0 0 rg BT 150.29 635.55 Td (from ) Tj ET Q q 0 0 0 rg BT 167.84 635.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.05 635.55 Td (activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.00 635.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.60 635.55 Td (\(64,198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 635.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.00 635.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 635.55 Td (\(30,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 635.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 635.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 635.55 Td (29,638) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 620.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.55 620.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.77 620.55 Td (used ) Tj ET Q q 0 0 0 rg BT 99.43 620.55 Td (in ) Tj ET Q q 0 0 0 rg BT 107.65 620.55 Td (investing ) Tj ET Q q 0 0 0 rg BT 138.98 620.55 Td (activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.60 620.55 Td (\(30,136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 620.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 620.55 Td (\(32,426) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 620.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 620.55 Td (\(42,698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 620.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 605.55 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.55 605.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 82.77 605.55 Td (provided ) Tj ET Q q 0 0 0 rg BT 113.20 605.55 Td (by ) Tj ET Q q 0 0 0 rg BT 123.20 605.55 Td (/ ) Tj ET Q q 0 0 0 rg BT 127.43 605.55 Td (\(used ) Tj ET Q q 0 0 0 rg BT 146.75 605.55 Td (in\) ) Tj ET Q q 0 0 0 rg BT 157.64 605.55 Td (financing ) Tj ET Q q 0 0 0 rg BT 189.85 605.55 Td (activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.30 605.55 Td (59,321) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 605.55 Td (11,896) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 605.55 Td (\(38,168) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 605.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 590.55 Td (Impact ) Tj ET Q q 0 0 0 rg BT 77.21 590.55 Td (of ) Tj ET Q q 0 0 0 rg BT 85.88 590.55 Td (exchange ) Tj ET Q q 0 0 0 rg BT 118.08 590.55 Td (rate ) Tj ET Q q 0 0 0 rg BT 132.07 590.55 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 171.84 590.55 Td (on ) Tj ET Q q 0 0 0 rg BT 181.84 590.55 Td (cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.60 590.55 Td (\(384) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 590.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.30 590.55 Td (4,564) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.60 590.55 Td (\(6,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 590.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 576.53 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.99 576.53 Td (decr) Tj ET Q q 0 0 0 rg BT 81.95 576.53 Td (ease ) Tj ET Q q 0 0 0 rg BT 98.16 576.53 Td (in ) Tj ET Q q 0 0 0 rg BT 106.84 576.53 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.95 576.53 Td (and ) Tj ET Q q 0 0 0 rg BT 138.85 576.53 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.96 576.53 Td (equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.00 576.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.60 576.53 Td (\(35,397) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.30 576.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.00 576.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.60 576.53 Td (\(45,993) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 576.53 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 576.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.60 576.53 Td (\(57,664) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 576.53 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 554.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 84.74 554.20 Td (Activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 538.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 68.00 538.60 Td (used ) Tj ET Q q 0 0 0 rg BT 84.67 538.60 Td (in ) Tj ET Q q 0 0 0 rg BT 92.89 538.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 128.21 538.60 Td (during ) Tj ET Q q 0 0 0 rg BT 151.10 538.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 169.10 538.60 Td (was ) Tj ET Q q 0 0 0 rg BT 183.55 538.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.77 538.60 Td (64.2 ) Tj ET Q q 0 0 0 rg BT 215.77 538.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.89 538.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.89 538.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 274.43 538.60 Td (to ) Tj ET Q q 0 0 0 rg BT 282.65 538.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.88 538.60 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 314.88 538.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.99 538.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.00 538.60 Td (in ) Tj ET Q q 0 0 0 rg BT 348.22 538.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 368.22 538.60 Td (lar) Tj ET Q q 0 0 0 rg BT 376.51 538.60 Td (gely ) Tj ET Q q 0 0 0 rg BT 392.29 538.60 Td (due ) Tj ET Q q 0 0 0 rg BT 405.84 538.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.06 538.60 Td (a ) Tj ET Q q 0 0 0 rg BT 419.61 538.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 451.83 538.60 Td (in ) Tj ET Q q 0 0 0 rg BT 460.05 538.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 476.27 538.60 Td (receipts, ) Tj ET Q q 0 0 0 rg BT 505.14 538.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 544.01 538.60 Td (in ) Tj ET Q q 0 0 0 rg BT 552.24 538.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 529.00 Td (Czech ) Tj ET Q q 0 0 0 rg BT 72.17 529.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 103.24 529.00 Td (following ) Tj ET Q q 0 0 0 rg BT 136.53 529.00 Td (the ) Tj ET Q q 0 0 0 rg BT 148.49 529.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 177.77 529.00 Td (reaction ) Tj ET Q q 0 0 0 rg BT 205.71 529.00 Td (to ) Tj ET Q q 0 0 0 rg BT 214.12 529.00 Td (our ) Tj ET Q q 0 0 0 rg BT 226.97 529.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 251.81 529.00 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 287.39 529.00 Td (W) Tj ET Q q 0 0 0 rg BT 294.30 529.00 Td (e ) Tj ET Q q 0 0 0 rg BT 300.03 529.00 Td (also ) Tj ET Q q 0 0 0 rg BT 315.10 529.00 Td (made ) Tj ET Q q 0 0 0 rg BT 334.61 529.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.01 529.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 383.85 529.00 Td (for ) Tj ET Q q 0 0 0 rg BT 395.37 529.00 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 438.42 529.00 Td (amounting ) Tj ET Q q 0 0 0 rg BT 474.83 529.00 Td (to ) Tj ET Q q 0 0 0 rg BT 483.23 529.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.64 529.00 Td (13.3 ) Tj ET Q q 0 0 0 rg BT 515.83 529.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.94 529.00 Td ( ) Tj ET Q q 0 0 0 rg BT 541.12 529.00 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 519.40 Td (2013.These ) Tj ET Q q 0 0 0 rg BT 89.47 519.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 106.06 519.40 Td (outflows ) Tj ET Q q 0 0 0 rg BT 136.43 519.40 Td (were ) Tj ET Q q 0 0 0 rg BT 154.34 519.40 Td (partially ) Tj ET Q q 0 0 0 rg BT 183.37 519.40 Td (of) Tj ET Q q 0 0 0 rg BT 189.89 519.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 203.81 519.40 Td (by ) Tj ET Q q 0 0 0 rg BT 214.18 519.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 234.76 519.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 251.35 519.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 267.49 519.40 Td (for ) Tj ET Q q 0 0 0 rg BT 279.19 519.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 325.11 519.40 Td (as ) Tj ET Q q 0 0 0 rg BT 334.14 519.40 Td (a ) Tj ET Q q 0 0 0 rg BT 340.06 519.40 Td (result ) Tj ET Q q 0 0 0 rg BT 360.20 519.40 Td (of ) Tj ET Q q 0 0 0 rg BT 369.24 519.40 Td (deferring ) Tj ET Q q 0 0 0 rg BT 400.92 519.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 433.96 519.40 Td (on ) Tj ET Q q 0 0 0 rg BT 444.33 519.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 474.23 519.40 Td (programming, ) Tj ET Q q 0 0 0 rg BT 522.15 519.40 Td (which ) Tj ET Q q 0 0 0 rg BT 544.07 519.40 Td (is ) Tj ET Q q 0 0 0 rg BT 551.78 519.40 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 509.80 Td (likely ) Tj ET Q q 0 0 0 rg BT 70.22 509.80 Td (to ) Tj ET Q q 0 0 0 rg BT 78.44 509.80 Td (repeat ) Tj ET Q q 0 0 0 rg BT 99.98 509.80 Td (in ) Tj ET Q q 0 0 0 rg BT 108.20 509.80 Td (future ) Tj ET Q q 0 0 0 rg BT 129.30 509.80 Td (periods. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 494.20 Td (Cash ) Tj ET Q q 0 0 0 rg BT 68.02 494.20 Td (used ) Tj ET Q q 0 0 0 rg BT 84.71 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 92.95 494.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 128.30 494.20 Td (during ) Tj ET Q q 0 0 0 rg BT 151.21 494.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 169.23 494.20 Td (was ) Tj ET Q q 0 0 0 rg BT 183.70 494.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 199.95 494.20 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 215.97 494.20 Td (million ) Tj ET Q q 0 0 0 rg BT 241.10 494.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 274.67 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 282.91 494.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.15 494.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 332.26 494.20 Td (during ) Tj ET Q q 0 0 0 rg BT 355.17 494.20 Td (201) Tj ET Q q 0 0 0 rg BT 366.87 494.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 372.89 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 381.58 494.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 397.83 494.20 Td (29.6 ) Tj ET Q q 0 0 0 rg BT 413.85 494.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 440.99 494.20 Td (due ) Tj ET Q q 0 0 0 rg BT 454.56 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 462.81 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 474.60 494.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 498.39 494.20 Td (of ) Tj ET Q q 0 0 0 rg BT 507.08 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 518.88 494.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 544.00 494.20 Td (in ) Tj ET Q q 0 0 0 rg BT 552.24 494.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 484.60 Td (television ) Tj ET Q q 0 0 0 rg BT 82.35 484.60 Td (advertising ) Tj ET Q q 0 0 0 rg BT 119.15 484.60 Td (market ) Tj ET Q q 0 0 0 rg BT 142.60 484.60 Td (on ) Tj ET Q q 0 0 0 rg BT 151.85 484.60 Td (our ) Tj ET Q q 0 0 0 rg BT 163.76 484.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.99 484.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 236.66 484.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 274.78 484.60 Td (on ) Tj ET Q q 0 0 0 rg BT 284.02 484.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.49 484.60 Td (receipts, ) Tj ET Q q 0 0 0 rg BT 327.61 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.41 484.60 Td (an ) Tj ET Q q 0 0 0 rg BT 349.20 484.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 376.65 484.60 Td (in ) Tj ET Q q 0 0 0 rg BT 384.12 484.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 416.03 484.60 Td (for ) Tj ET Q q 0 0 0 rg BT 426.61 484.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 450.96 484.60 Td (programming ) Tj ET Q q 0 0 0 rg BT 495.75 484.60 Td (and ) Tj ET Q q 0 0 0 rg BT 508.55 484.60 Td (local ) Tj ET Q q 0 0 0 rg BT 525.34 484.60 Td (production. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 475.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.81 475.00 Td (free ) Tj ET Q q 0 0 0 rg BT 79.60 475.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.18 475.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 113.21 475.00 Td (in ) Tj ET Q q 0 0 0 rg BT 121.80 475.00 Td (201) Tj ET Q q 0 0 0 rg BT 133.51 475.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 139.87 475.00 Td (also ) Tj ET Q q 0 0 0 rg BT 155.13 475.00 Td (benefited ) Tj ET Q q 0 0 0 rg BT 187.25 475.00 Td (from ) Tj ET Q q 0 0 0 rg BT 205.17 475.00 Td (an ) Tj ET Q q 0 0 0 rg BT 215.09 475.00 Td (advance ) Tj ET Q q 0 0 0 rg BT 243.66 475.00 Td (collection ) Tj ET Q q 0 0 0 rg BT 277.57 475.00 Td (program ) Tj ET Q q 0 0 0 rg BT 307.03 475.00 Td (for ) Tj ET Q q 0 0 0 rg BT 318.73 475.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 353.53 475.00 Td (that ) Tj ET Q q 0 0 0 rg BT 367.89 475.00 Td (were ) Tj ET Q q 0 0 0 rg BT 385.80 475.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 412.16 475.00 Td (discounts ) Tj ET Q q 0 0 0 rg BT 444.75 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 453.34 475.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 467.25 475.00 Td (much ) Tj ET Q q 0 0 0 rg BT 487.39 475.00 Td (earlier ) Tj ET Q q 0 0 0 rg BT 510.18 475.00 Td (than ) Tj ET Q q 0 0 0 rg BT 526.32 475.00 Td (our ) Tj ET Q q 0 0 0 rg BT 539.35 475.00 Td (normal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 465.40 Td (terms, ) Tj ET Q q 0 0 0 rg BT 71.77 465.40 Td (which ) Tj ET Q q 0 0 0 rg BT 93.32 465.40 Td (we ) Tj ET Q q 0 0 0 rg BT 104.65 465.40 Td (did ) Tj ET Q q 0 0 0 rg BT 116.88 465.40 Td (not ) Tj ET Q q 0 0 0 rg BT 129.10 465.40 Td (repeat ) Tj ET Q q 0 0 0 rg BT 150.64 465.40 Td (in ) Tj ET Q q 0 0 0 rg BT 158.86 465.40 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 449.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 449.80 Td (e ) Tj ET Q q 0 0 0 rg BT 62.86 449.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 79.04 449.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 104.98 449.80 Td (of ) Tj ET Q q 0 0 0 rg BT 114.05 449.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 130.67 449.80 Td (108.4 ) Tj ET Q q 0 0 0 rg BT 151.07 449.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 174.19 449.80 Td (, ) Tj ET Q q 0 0 0 rg BT 178.59 449.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.21 449.80 Td (104.7 ) Tj ET Q q 0 0 0 rg BT 215.62 449.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.73 449.80 Td ( ) Tj ET Q q 0 0 0 rg BT 241.13 449.80 Td (and ) Tj ET Q q 0 0 0 rg BT 255.08 449.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 271.71 449.80 Td (1) Tj ET Q q 0 0 0 rg BT 275.41 449.80 Td (1) Tj ET Q q 0 0 0 rg BT 279.11 449.80 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 291.51 449.80 Td (million ) Tj ET Q q 0 0 0 rg BT 317.03 449.80 Td (on ) Tj ET Q q 0 0 0 rg BT 327.43 449.80 Td (our ) Tj ET Q q 0 0 0 rg BT 340.49 449.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 363.78 449.80 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 386.84 449.80 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 427.01 449.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 448.08 449.80 Td (and ) Tj ET Q q 0 0 0 rg BT 462.03 449.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.64 449.80 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 514.58 449.80 Td (collectively) Tj ET Q q 0 0 0 rg BT 551.38 449.80 Td (, ) Tj ET Q q 0 0 0 rg BT 555.78 449.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 440.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 70.00 440.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 88.00 440.20 Td (and ) Tj ET Q q 0 0 0 rg BT 101.55 440.20 Td (201) Tj ET Q q 0 0 0 rg BT 113.25 440.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 121.25 440.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 159.38 440.20 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 421.60 Td (Investing ) Tj ET Q q 0 0 0 rg BT 81.18 421.60 Td (Activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 406.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.55 406.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 79.76 406.00 Td (used ) Tj ET Q q 0 0 0 rg BT 96.43 406.00 Td (in ) Tj ET Q q 0 0 0 rg BT 104.65 406.00 Td (investing ) Tj ET Q q 0 0 0 rg BT 135.98 406.00 Td (activities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.86 406.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.86 406.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.86 406.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.86 406.00 Td ( ) Tj ET Q q 0 0 0 rg BT 204.86 406.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.41 406.00 Td (201) Tj ET Q q 0 0 0 rg BT 230.11 406.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.11 406.00 Td ( ) Tj ET Q q 0 0 0 rg BT 236.11 406.00 Td (was ) Tj ET Q q 0 0 0 rg BT 250.55 406.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.77 406.00 Td (30.1 ) Tj ET Q q 0 0 0 rg BT 282.77 406.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.89 406.00 Td (, ) Tj ET Q q 0 0 0 rg BT 309.88 406.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.11 406.00 Td (32.4 ) Tj ET Q q 0 0 0 rg BT 342.11 406.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.22 406.00 Td ( ) Tj ET Q q 0 0 0 rg BT 367.22 406.00 Td (and ) Tj ET Q q 0 0 0 rg BT 380.77 406.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.00 406.00 Td (42.7 ) Tj ET Q q 0 0 0 rg BT 413.00 406.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.11 406.00 Td (, ) Tj ET Q q 0 0 0 rg BT 440.11 406.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 478.24 406.00 Td (. ) Tj ET Q q 0 0 0 rg BT 482.24 406.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 496.68 406.00 Td (investing ) Tj ET Q q 0 0 0 rg BT 528.01 406.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.22 406.00 Td (flows ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 396.40 Td (consist ) Tj ET Q q 0 0 0 rg BT 74.35 396.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 106.25 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 115.04 396.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 138.48 396.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 181.49 396.40 Td (for ) Tj ET Q q 0 0 0 rg BT 192.94 396.40 Td (property) Tj ET Q q 0 0 0 rg BT 219.52 396.40 Td (, ) Tj ET Q q 0 0 0 rg BT 223.65 396.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 241.77 396.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.45 396.40 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 293.35 396.40 Td (In ) Tj ET Q q 0 0 0 rg BT 302.14 396.40 Td (201) Tj ET Q q 0 0 0 rg BT 313.84 396.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 321.97 396.40 Td (we ) Tj ET Q q 0 0 0 rg BT 333.42 396.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 349.32 396.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 365.68 396.40 Td (8.8 ) Tj ET Q q 0 0 0 rg BT 377.80 396.40 Td (million, ) Tj ET Q q 0 0 0 rg BT 405.04 396.40 Td (net ) Tj ET Q q 0 0 0 rg BT 416.95 396.40 Td (of ) Tj ET Q q 0 0 0 rg BT 425.74 396.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 442.08 396.40 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 473.74 396.40 Td (for ) Tj ET Q q 0 0 0 rg BT 485.20 396.40 Td (Bontonfilm ) Tj ET Q q 0 0 0 rg BT 524.22 396.40 Td (\(see ) Tj ET Q q 0 0 0 rg BT 539.22 396.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 556.01 396.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 386.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 67.55 386.80 Td (3, ) Tj ET Q q 0 0 0 rg BT 75.55 386.80 Td ("Acquisitions ) Tj ET Q q 0 0 0 rg BT 121.26 386.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.81 386.80 Td (Dispositions") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.09 386.80 Td (\). ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 368.20 Td (Financing ) Tj ET Q q 0 0 0 rg BT 84.74 368.20 Td (Activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 352.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.92 352.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 80.51 352.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 111.33 352.60 Td (by ) Tj ET Q q 0 0 0 rg BT 121.70 352.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 154.28 352.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 185.54 352.60 Td (during ) Tj ET Q q 0 0 0 rg BT 208.80 352.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 227.17 352.60 Td (was ) Tj ET Q q 0 0 0 rg BT 241.99 352.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.59 352.60 Td (59.3 ) Tj ET Q q 0 0 0 rg BT 274.96 352.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.08 352.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.45 352.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 334.36 352.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.96 352.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.56 352.60 Td (1) Tj ET Q q 0 0 0 rg BT 363.26 352.60 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 375.64 352.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 352.60 Td ( ) Tj ET Q q 0 0 0 rg BT 401.12 352.60 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.38 352.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.38 352.60 Td (.) Tj ET Q q 0 0 0 rg BT 444.24 352.60 Td (The ) Tj ET Q q 0 0 0 rg BT 459.05 352.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 485.42 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.46 352.60 Td (net ) Tj ET Q q 0 0 0 rg BT 506.61 352.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 523.20 352.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 554.01 352.60 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 343.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 82.18 343.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 113.02 343.00 Td (in ) Tj ET Q q 0 0 0 rg BT 121.21 343.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.95 343.00 Td (current ) Tj ET Q q 0 0 0 rg BT 157.57 343.00 Td (year ) Tj ET Q q 0 0 0 rg BT 173.30 343.00 Td (reflected ) Tj ET Q q 0 0 0 rg BT 203.25 343.00 Td (the ) Tj ET Q q 0 0 0 rg BT 214.99 343.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 245.38 343.00 Td (from ) Tj ET Q q 0 0 0 rg BT 262.90 343.00 Td (the ) Tj ET Q q 0 0 0 rg BT 274.64 343.00 Td (public ) Tj ET Q q 0 0 0 rg BT 296.61 343.00 Td (and ) Tj ET Q q 0 0 0 rg BT 310.12 343.00 Td (private ) Tj ET Q q 0 0 0 rg BT 334.30 343.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.26 343.00 Td (of) Tj ET Q q 0 0 0 rg BT 362.78 343.00 Td (ferings ) Tj ET Q q 0 0 0 rg BT 386.96 343.00 Td (of) Tj ET Q q 0 0 0 rg BT 393.48 343.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 407.00 343.00 Td (by ) Tj ET Q q 0 0 0 rg BT 416.97 343.00 Td (the ) Tj ET Q q 0 0 0 rg BT 428.71 343.00 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 465.32 343.00 Td (of ) Tj ET Q q 0 0 0 rg BT 473.95 343.00 Td (a ) Tj ET Q q 0 0 0 rg BT 479.47 343.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 504.54 343.00 Td (of ) Tj ET Q q 0 0 0 rg BT 513.18 343.00 Td (our ) Tj ET Q q 0 0 0 rg BT 525.81 343.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 543.77 343.00 Td (Fixed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 333.40 Td (Rate ) Tj ET Q q 0 0 0 rg BT 66.65 333.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 87.30 333.40 Td (during ) Tj ET Q q 0 0 0 rg BT 110.18 333.40 Td (the ) Tj ET Q q 0 0 0 rg BT 121.95 333.40 Td (second ) Tj ET Q q 0 0 0 rg BT 146.15 333.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 170.79 333.40 Td (of ) Tj ET Q q 0 0 0 rg BT 179.45 333.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 197.44 333.40 Td (\(see ) Tj ET Q q 0 0 0 rg BT 212.31 333.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 228.96 333.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.95 333.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 254.49 333.40 Td (5, ) Tj ET Q q 0 0 0 rg BT 262.48 333.40 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 301.95 333.40 Td (Debt ) Tj ET Q q 0 0 0 rg BT 319.49 333.40 Td (and ) Tj ET Q q 0 0 0 rg BT 333.03 333.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 353.23 333.40 Td (Financing ) Tj ET Q q 0 0 0 rg BT 386.78 333.40 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.36 333.40 Td ( ) Tj ET Q q 0 0 0 rg BT 437.35 333.40 Td (and ) Tj ET Q q 0 0 0 rg BT 450.89 333.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 467.54 333.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.53 333.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 493.07 333.40 Td (13, ) Tj ET Q q 0 0 0 rg BT 505.06 333.40 Td ("Equity") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.93 333.40 Td (\), ) Tj ET Q q 0 0 0 rg BT 539.58 333.40 Td (as ) Tj ET Q q 0 0 0 rg BT 548.24 333.40 Td (well ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 323.80 Td (as ) Tj ET Q q 0 0 0 rg BT 58.66 323.80 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 323.80 Td (decrease ) Tj ET Q q 0 0 0 rg BT 99.97 323.80 Td (in ) Tj ET Q q 0 0 0 rg BT 108.19 323.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 139.95 323.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.17 323.80 Td (deposited ) Tj ET Q q 0 0 0 rg BT 188.83 323.80 Td (with ) Tj ET Q q 0 0 0 rg BT 205.05 323.80 Td (the ) Tj ET Q q 0 0 0 rg BT 216.82 323.80 Td (trustee ) Tj ET Q q 0 0 0 rg BT 240.15 323.80 Td (of ) Tj ET Q q 0 0 0 rg BT 248.81 323.80 Td (the ) Tj ET Q q 0 0 0 rg BT 260.59 323.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 278.59 323.80 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 318.36 323.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 339.02 323.80 Td (which ) Tj ET Q q 0 0 0 rg BT 360.57 323.80 Td (were ) Tj ET Q q 0 0 0 rg BT 378.11 323.80 Td (settled ) Tj ET Q q 0 0 0 rg BT 401.00 323.80 Td (at ) Tj ET Q q 0 0 0 rg BT 408.77 323.80 Td (at ) Tj ET Q q 0 0 0 rg BT 416.54 323.80 Td (maturity ) Tj ET Q q 0 0 0 rg BT 445.65 323.80 Td (in ) Tj ET Q q 0 0 0 rg BT 453.87 323.80 Td (March ) Tj ET Q q 0 0 0 rg BT 476.75 323.80 Td (2013. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 308.20 Td (Cash ) Tj ET Q q 0 0 0 rg BT 67.58 308.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 97.60 308.20 Td (by ) Tj ET Q q 0 0 0 rg BT 107.18 308.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 138.97 308.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 169.43 308.20 Td (during ) Tj ET Q q 0 0 0 rg BT 191.89 308.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 209.47 308.20 Td (was ) Tj ET Q q 0 0 0 rg BT 223.50 308.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 239.30 308.20 Td (1) Tj ET Q q 0 0 0 rg BT 243.01 308.20 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 254.59 308.20 Td (million ) Tj ET Q q 0 0 0 rg BT 279.28 308.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 312.40 308.20 Td (to ) Tj ET Q q 0 0 0 rg BT 320.20 308.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 336.00 308.20 Td (used ) Tj ET Q q 0 0 0 rg BT 352.24 308.20 Td (of ) Tj ET Q q 0 0 0 rg BT 360.48 308.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 376.29 308.20 Td (38.2 ) Tj ET Q q 0 0 0 rg BT 391.87 308.20 Td (million ) Tj ET Q q 0 0 0 rg BT 416.56 308.20 Td (during ) Tj ET Q q 0 0 0 rg BT 439.03 308.20 Td (201) Tj ET Q q 0 0 0 rg BT 450.73 308.20 Td (1.) Tj ET Q q 0 0 0 rg BT 458.59 308.20 Td (The ) Tj ET Q q 0 0 0 rg BT 472.61 308.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 498.18 308.20 Td (of ) Tj ET Q q 0 0 0 rg BT 506.43 308.20 Td (net ) Tj ET Q q 0 0 0 rg BT 517.78 308.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 533.58 308.20 Td (provided ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 298.60 Td (by ) Tj ET Q q 0 0 0 rg BT 60.16 298.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 92.53 298.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 123.57 298.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.95 298.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 150.11 298.60 Td (reflected ) Tj ET Q q 0 0 0 rg BT 180.24 298.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 210.83 298.60 Td (from ) Tj ET Q q 0 0 0 rg BT 228.54 298.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.48 298.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 269.74 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.56 298.60 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 320.26 298.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 342.41 298.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.12 298.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 385.38 298.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.20 298.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 428.35 298.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 451.40 298.60 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 474.22 298.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 501.70 298.60 Td (by ) Tj ET Q q 0 0 0 rg BT 511.86 298.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 544.68 298.60 Td (made ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 289.00 Td (for ) Tj ET Q q 0 0 0 rg BT 61.44 289.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 95.10 289.00 Td (of ) Tj ET Q q 0 0 0 rg BT 103.88 289.00 Td (our ) Tj ET Q q 0 0 0 rg BT 116.66 289.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 134.77 289.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 174.65 289.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 195.43 289.00 Td (and ) Tj ET Q q 0 0 0 rg BT 209.10 289.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 227.21 289.00 Td (Floating ) Tj ET Q q 0 0 0 rg BT 255.99 289.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 272.77 289.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 293.55 289.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 308.54 289.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 325.31 289.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.43 289.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 351.09 289.00 Td (5, ) Tj ET Q q 0 0 0 rg BT 359.21 289.00 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 398.80 289.00 Td (Debt ) Tj ET Q q 0 0 0 rg BT 416.46 289.00 Td (and ) Tj ET Q q 0 0 0 rg BT 430.13 289.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 450.46 289.00 Td (Financing ) Tj ET Q q 0 0 0 rg BT 484.10 289.00 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.68 289.00 Td (\), ) Tj ET Q q 0 0 0 rg BT 539.46 289.00 Td (as ) Tj ET Q q 0 0 0 rg BT 548.24 289.00 Td (well ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 279.40 Td (as ) Tj ET Q q 0 0 0 rg BT 58.66 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 279.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 98.64 279.40 Td (in ) Tj ET Q q 0 0 0 rg BT 106.86 279.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 138.63 279.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 154.84 279.40 Td (deposited ) Tj ET Q q 0 0 0 rg BT 187.50 279.40 Td (with ) Tj ET Q q 0 0 0 rg BT 203.72 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 215.50 279.40 Td (trustee ) Tj ET Q q 0 0 0 rg BT 238.82 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 247.48 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 259.26 279.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 277.26 279.40 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 317.03 279.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 337.69 279.40 Td (for ) Tj ET Q q 0 0 0 rg BT 349.02 279.40 Td (their ) Tj ET Q q 0 0 0 rg BT 365.68 279.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 400.56 279.40 Td (at ) Tj ET Q q 0 0 0 rg BT 408.33 279.40 Td (maturity) Tj ET Q q 0 0 0 rg BT 434.92 279.40 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 263.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.73 263.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.24 263.80 Td (38.2 ) Tj ET Q q 0 0 0 rg BT 97.53 263.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.64 263.80 Td ( ) Tj ET Q q 0 0 0 rg BT 122.93 263.80 Td (of ) Tj ET Q q 0 0 0 rg BT 131.89 263.80 Td (net ) Tj ET Q q 0 0 0 rg BT 143.95 263.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.45 263.80 Td (used ) Tj ET Q q 0 0 0 rg BT 177.41 263.80 Td (in ) Tj ET Q q 0 0 0 rg BT 185.92 263.80 Td (201) Tj ET Q q 0 0 0 rg BT 197.62 263.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 203.91 263.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 235.97 263.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 261.80 263.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 278.31 263.80 Td (32.1 ) Tj ET Q q 0 0 0 rg BT 294.60 263.80 Td (million ) Tj ET Q q 0 0 0 rg BT 320.00 263.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 336.07 263.80 Td (in ) Tj ET Q q 0 0 0 rg BT 344.58 263.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 381.96 263.80 Td (with ) Tj ET Q q 0 0 0 rg BT 398.48 263.80 Td (the ) Tj ET Q q 0 0 0 rg BT 410.54 263.80 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 446.14 263.80 Td (of ) Tj ET Q q 0 0 0 rg BT 455.10 263.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 473.39 263.80 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 513.45 263.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 534.40 263.80 Td (for ) Tj ET Q q 0 0 0 rg BT 546.02 263.80 Td (2015 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 254.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 89.52 254.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.94 254.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.24 254.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 139.22 254.20 Td (73.6 ) Tj ET Q q 0 0 0 rg BT 154.98 254.20 Td (million ) Tj ET Q q 0 0 0 rg BT 179.84 254.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 195.37 254.20 Td (to ) Tj ET Q q 0 0 0 rg BT 203.34 254.20 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 239.74 254.20 Td (of ) Tj ET Q q 0 0 0 rg BT 248.16 254.20 Td (a ) Tj ET Q q 0 0 0 rg BT 253.46 254.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 278.32 254.20 Td (of ) Tj ET Q q 0 0 0 rg BT 286.74 254.20 Td (the ) Tj ET Q q 0 0 0 rg BT 298.27 254.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 316.02 254.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 336.00 254.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 352.41 254.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 372.83 254.20 Td (and ) Tj ET Q q 0 0 0 rg BT 386.13 254.20 Td (the ) Tj ET Q q 0 0 0 rg BT 397.66 254.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 415.41 254.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 454.93 254.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 475.35 254.20 Td (\(see ) Tj ET Q q 0 0 0 rg BT 489.98 254.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 506.39 254.20 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.15 254.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 531.45 254.20 Td (5, ) Tj ET Q q 0 0 0 rg BT 539.20 254.20 Td ("Long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 244.60 Td (term ) Tj ET Q q 0 0 0 rg BT 66.30 244.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 83.49 244.60 Td (and ) Tj ET Q q 0 0 0 rg BT 96.68 244.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 116.54 244.60 Td (Financing ) Tj ET Q q 0 0 0 rg BT 149.81 244.60 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.39 244.60 Td (\).) Tj ET Q q 0 0 0 rg BT 204.91 244.60 Td (These ) Tj ET Q q 0 0 0 rg BT 225.65 244.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 257.95 244.60 Td (were ) Tj ET Q q 0 0 0 rg BT 275.13 244.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 303.43 244.60 Td (of) Tj ET Q q 0 0 0 rg BT 309.95 244.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 323.14 244.60 Td (by ) Tj ET Q q 0 0 0 rg BT 332.78 244.60 Td (net ) Tj ET Q q 0 0 0 rg BT 344.19 244.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 374.26 244.60 Td (from ) Tj ET Q q 0 0 0 rg BT 391.45 244.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 411.30 244.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 442.49 244.60 Td (which ) Tj ET Q q 0 0 0 rg BT 463.68 244.60 Td (included ) Tj ET Q q 0 0 0 rg BT 492.86 244.60 Td (drawings ) Tj ET Q q 0 0 0 rg BT 523.83 244.60 Td (of ) Tj ET Q q 0 0 0 rg BT 532.13 244.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 548.00 244.60 Td (84.9 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 235.00 Td (million ) Tj ET Q q 0 0 0 rg BT 75.25 235.00 Td (from ) Tj ET Q q 0 0 0 rg BT 92.94 235.00 Td (a ) Tj ET Q q 0 0 0 rg BT 98.63 235.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 125.19 235.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 157.99 235.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 178.34 235.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 203.13 235.00 Td (dated ) Tj ET Q q 0 0 0 rg BT 222.59 235.00 Td (October ) Tj ET Q q 0 0 0 rg BT 250.49 235.00 Td (21, ) Tj ET Q q 0 0 0 rg BT 262.63 235.00 Td (2010 ) Tj ET Q q 0 0 0 rg BT 280.77 235.00 Td (among ) Tj ET Q q 0 0 0 rg BT 304.68 235.00 Td (CET) Tj ET Q q 0 0 0 rg BT 319.64 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 321.78 235.00 Td (21, ) Tj ET Q q 0 0 0 rg BT 333.91 235.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 353.39 235.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.07 235.00 Td (the ) Tj ET Q q 0 0 0 rg BT 378.98 235.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 404.22 235.00 Td (and ) Tj ET Q q 0 0 0 rg BT 417.91 235.00 Td (other ) Tj ET Q q 0 0 0 rg BT 436.48 235.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 459.95 235.00 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 486.29 235.00 Td (which ) Tj ET Q q 0 0 0 rg BT 507.98 235.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 532.77 235.00 Td (has ) Tj ET Q q 0 0 0 rg BT 545.57 235.00 Td (since ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 225.40 Td (been ) Tj ET Q q 0 0 0 rg BT 67.10 225.40 Td (repaid.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 203.80 Td (III\(b\) ) Tj ET Q q 0 0 0 rg BT 77.00 203.80 Td (Sour) Tj ET Q q 0 0 0 rg BT 93.30 203.80 Td (ces and Uses of Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 188.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.50 188.20 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 92.78 188.20 Td (source ) Tj ET Q q 0 0 0 rg BT 115.71 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 124.43 188.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 140.71 188.20 Td (is ) Tj ET Q q 0 0 0 rg BT 148.10 188.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 179.92 188.20 Td (the ) Tj ET Q q 0 0 0 rg BT 191.75 188.20 Td (receipt ) Tj ET Q q 0 0 0 rg BT 215.57 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 224.29 188.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 257.01 188.20 Td (from ) Tj ET Q q 0 0 0 rg BT 274.62 188.20 Td (advertisers, ) Tj ET Q q 0 0 0 rg BT 313.33 188.20 Td (advertising ) Tj ET Q q 0 0 0 rg BT 350.93 188.20 Td (agencies ) Tj ET Q q 0 0 0 rg BT 380.53 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 394.13 188.20 Td (distributors ) Tj ET Q q 0 0 0 rg BT 432.63 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 441.36 188.20 Td (our ) Tj ET Q q 0 0 0 rg BT 454.08 188.20 Td (television ) Tj ET Q q 0 0 0 rg BT 487.24 188.20 Td (channels. ) Tj ET Q q 0 0 0 rg BT 519.28 188.20 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 545.79 188.20 Td (cash, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 178.60 Td (after ) Tj ET Q q 0 0 0 rg BT 66.84 178.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 93.91 178.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.87 178.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 134.27 178.60 Td (station ) Tj ET Q q 0 0 0 rg BT 157.79 178.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 195.30 178.60 Td (may ) Tj ET Q q 0 0 0 rg BT 211.26 178.60 Td (be ) Tj ET Q q 0 0 0 rg BT 220.99 178.60 Td (remitted ) Tj ET Q q 0 0 0 rg BT 249.83 178.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.24 178.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 269.54 178.60 Td (where ) Tj ET Q q 0 0 0 rg BT 291.27 178.60 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 331.88 178.60 Td (Surplus ) Tj ET Q q 0 0 0 rg BT 358.51 178.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 374.91 178.60 Td (is ) Tj ET Q q 0 0 0 rg BT 382.43 178.60 Td (remitted ) Tj ET Q q 0 0 0 rg BT 411.27 178.60 Td (to ) Tj ET Q q 0 0 0 rg BT 419.68 178.60 Td (us ) Tj ET Q q 0 0 0 rg BT 428.98 178.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.38 178.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.34 178.60 Td (form ) Tj ET Q q 0 0 0 rg BT 467.08 178.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.92 178.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 491.88 178.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 517.61 178.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 550.46 178.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 169.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 73.32 169.00 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 114.20 169.00 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 149.30 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 162.86 169.00 Td (other ) Tj ET Q q 0 0 0 rg BT 181.29 169.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 223.30 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 236.85 169.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 255.73 169.00 Td (from ) Tj ET Q q 0 0 0 rg BT 273.29 169.00 Td (our ) Tj ET Q q 0 0 0 rg BT 285.95 169.00 Td (subsidiaries.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 153.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 83.35 153.40 Td (law ) Tj ET Q q 0 0 0 rg BT 96.26 153.40 Td (in ) Tj ET Q q 0 0 0 rg BT 103.84 153.40 Td (the ) Tj ET Q q 0 0 0 rg BT 114.97 153.40 Td (Central ) Tj ET Q q 0 0 0 rg BT 139.88 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 152.79 153.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 178.14 153.40 Td (European ) Tj ET Q q 0 0 0 rg BT 210.15 153.40 Td (countries ) Tj ET Q q 0 0 0 rg BT 240.83 153.40 Td (in ) Tj ET Q q 0 0 0 rg BT 248.41 153.40 Td (which ) Tj ET Q q 0 0 0 rg BT 269.32 153.40 Td (we ) Tj ET Q q 0 0 0 rg BT 280.01 153.40 Td (operate ) Tj ET Q q 0 0 0 rg BT 304.91 153.40 Td (stipulates ) Tj ET Q q 0 0 0 rg BT 336.49 153.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 367.61 153.40 Td (that ) Tj ET Q q 0 0 0 rg BT 380.96 153.40 Td (dividends ) Tj ET Q q 0 0 0 rg BT 413.43 153.40 Td (may ) Tj ET Q q 0 0 0 rg BT 428.57 153.40 Td (be ) Tj ET Q q 0 0 0 rg BT 437.48 153.40 Td (declared ) Tj ET Q q 0 0 0 rg BT 465.93 153.40 Td (by ) Tj ET Q q 0 0 0 rg BT 475.29 153.40 Td (the ) Tj ET Q q 0 0 0 rg BT 486.42 153.40 Td (partners ) Tj ET Q q 0 0 0 rg BT 513.54 153.40 Td (or ) Tj ET Q q 0 0 0 rg BT 521.57 153.40 Td (shareholders ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 143.80 Td (out ) Tj ET Q q 0 0 0 rg BT 62.71 143.80 Td (of ) Tj ET Q q 0 0 0 rg BT 71.85 143.80 Td (yearly ) Tj ET Q q 0 0 0 rg BT 94.33 143.80 Td (profits ) Tj ET Q q 0 0 0 rg BT 117.70 143.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 142.84 143.80 Td (to ) Tj ET Q q 0 0 0 rg BT 151.54 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.80 143.80 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 206.71 143.80 Td (of ) Tj ET Q q 0 0 0 rg BT 215.85 143.80 Td (registered ) Tj ET Q q 0 0 0 rg BT 249.88 143.80 Td (capital, ) Tj ET Q q 0 0 0 rg BT 275.68 143.80 Td (required ) Tj ET Q q 0 0 0 rg BT 304.82 143.80 Td (reserves ) Tj ET Q q 0 0 0 rg BT 333.51 143.80 Td (and ) Tj ET Q q 0 0 0 rg BT 347.54 143.80 Td (after ) Tj ET Q q 0 0 0 rg BT 364.68 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 376.93 143.80 Td (recovery ) Tj ET Q q 0 0 0 rg BT 407.40 143.80 Td (of ) Tj ET Q q 0 0 0 rg BT 416.54 143.80 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 459.45 143.80 Td (losses. ) Tj ET Q q 0 0 0 rg BT 482.87 143.80 Td (The ) Tj ET Q q 0 0 0 rg BT 497.79 143.80 Td (reserve ) Tj ET Q q 0 0 0 rg BT 523.37 143.80 Td (requirement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 134.20 Td (restriction ) Tj ET Q q 0 0 0 rg BT 84.39 134.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 116.12 134.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 145.63 134.20 Td (that ) Tj ET Q q 0 0 0 rg BT 159.59 134.20 Td (before ) Tj ET Q q 0 0 0 rg BT 181.98 134.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 215.05 134.20 Td (may ) Tj ET Q q 0 0 0 rg BT 230.78 134.20 Td (be ) Tj ET Q q 0 0 0 rg BT 240.29 134.20 Td (distributed, ) Tj ET Q q 0 0 0 rg BT 278.47 134.20 Td (a ) Tj ET Q q 0 0 0 rg BT 283.98 134.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 309.05 134.20 Td (of ) Tj ET Q q 0 0 0 rg BT 317.68 134.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 340.96 134.20 Td (net ) Tj ET Q q 0 0 0 rg BT 352.70 134.20 Td (profits ) Tj ET Q q 0 0 0 rg BT 375.55 134.20 Td (\(typically ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.16 134.20 Td (5.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.83 134.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 429.45 134.20 Td (be ) Tj ET Q q 0 0 0 rg BT 438.96 134.20 Td (allocated ) Tj ET Q q 0 0 0 rg BT 469.80 134.20 Td (to ) Tj ET Q q 0 0 0 rg BT 477.98 134.20 Td (a ) Tj ET Q q 0 0 0 rg BT 483.49 134.20 Td (reserve, ) Tj ET Q q 0 0 0 rg BT 510.55 134.20 Td (which ) Tj ET Q q 0 0 0 rg BT 532.06 134.20 Td (is ) Tj ET Q q 0 0 0 rg BT 539.36 134.20 Td (capped ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 124.60 Td (at ) Tj ET Q q 0 0 0 rg BT 57.25 124.60 Td (a ) Tj ET Q q 0 0 0 rg BT 62.27 124.60 Td (proportion ) Tj ET Q q 0 0 0 rg BT 97.51 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 105.65 124.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.89 124.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 149.90 124.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 172.70 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.83 124.60 Td (a ) Tj ET Q q 0 0 0 rg BT 185.85 124.60 Td (company ) Tj ET Q q 0 0 0 rg BT 216.65 124.60 Td (\(ranging ) Tj ET Q q 0 0 0 rg BT 245.22 124.60 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.25 124.60 Td (5.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.91 124.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.38 124.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.08 124.60 Td (25.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.74 124.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 314.77 124.60 Td (The ) Tj ET Q q 0 0 0 rg BT 328.68 124.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 359.91 124.60 Td (net ) Tj ET Q q 0 0 0 rg BT 371.16 124.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 391.29 124.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.43 124.60 Td (our ) Tj ET Q q 0 0 0 rg BT 411.56 124.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 453.47 124.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 492.71 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rg BT 368.13 115.00 Td (net ) Tj ET Q q 0 0 0 rg BT 379.90 115.00 Td (assets.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (35) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (III\(c\) ) Tj ET Q q 0 0 0 rg BT 77.00 731.60 Td (Contractual Obligations, Commitments and Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 292.77 731.60 Td (Arrangements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 716.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.44 716.00 Td (future ) Tj ET Q q 0 0 0 rg BT 85.54 716.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 123.08 716.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 160.63 716.00 Td (as ) Tj ET Q q 0 0 0 rg BT 169.30 716.00 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.07 716.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 223.94 716.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.94 716.00 Td ( ) Tj ET Q q 0 0 0 rg BT 241.94 716.00 Td (were ) Tj ET Q q 0 0 0 rg BT 259.48 716.00 Td (as ) Tj ET Q q 0 0 0 rg BT 268.14 716.00 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 666.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 666.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 666.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 666.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 666.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 666.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 666.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 666.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 666.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 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60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 576.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 576.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 576.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 576.50 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 690.5 m 306.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 690.5 m 310.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 690.5 m 370.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 690.5 m 374.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 690.5 m 434.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 690.5 m 438.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 690.5 m 498.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 690.5 m 502.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 666.5 m 306.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 666.5 m 370.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 666.5 m 434.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 666.5 m 498.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 666.5 m 562.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 666.5 m 370.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 666.5 m 434.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 666.5 m 498.5 666.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 666.5 m 562.5 666.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 576.5 m 306.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 562.5 m 306.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 560.5 m 306.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 576.5 m 370.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 562.5 m 370.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 560.5 m 370.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 576.5 m 434.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 562.5 m 434.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 560.5 m 434.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 576.5 m 498.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 562.5 m 498.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 560.5 m 498.5 560.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 576.5 m 562.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 562.5 m 562.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 560.5 m 562.5 560.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 694.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.25 694.73 Td (Payments due by period \(US$ 000s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 670.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.50 670.73 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.30 678.73 Td (Less than 1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.00 670.73 Td (year) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.10 670.73 Td (1-3 years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.10 670.73 Td (3-5 years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.90 678.73 Td (More than 5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.75 670.73 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 655.75 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 89.21 655.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 104.98 655.75 Td ( ) Tj ET Q q 0 0 0 rg BT 110.98 655.75 Td (principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.00 655.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 655.75 Td (973,217) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 655.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 655.75 Td (1,280) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 655.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 655.75 Td (637,549) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.00 655.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.30 655.75 Td (330,981) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 655.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 655.75 Td (3,407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 640.75 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 89.21 640.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 104.98 640.75 Td ( ) Tj ET Q q 0 0 0 rg BT 110.98 640.75 Td (interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 640.75 Td (276,544) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 640.75 Td (86,602) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 640.75 Td (160,154) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.30 640.75 Td (29,788) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 640.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 625.75 Td (Unconditional ) Tj ET Q q 0 0 0 rg BT 100.77 625.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 131.20 625.75 Td (obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 625.75 Td (261,626) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 625.75 Td (99,786) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 625.75 Td (137,664) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.30 625.75 Td (23,905) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 625.75 Td (271) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 610.75 Td (Operating ) Tj ET Q q 0 0 0 rg BT 86.99 610.75 Td (leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.30 610.75 Td (24,374) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 610.75 Td (5,899) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 610.75 Td (5,849) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.30 610.75 Td (3,529) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 610.75 Td (9,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 595.75 Td (Capital ) Tj ET Q q 0 0 0 rg BT 78.11 595.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 96.09 595.75 Td (obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.30 595.75 Td (4,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 595.75 Td (1,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.30 595.75 Td (1,962) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.30 595.75 Td (1,048) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 595.75 Td (467) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 580.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 73.21 580.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 106.76 580.75 Td (obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 580.75 Td (136,432) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.30 580.75 Td (34,509) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 580.75 Td (44,303) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.30 580.75 Td (20,596) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 580.75 Td (37,024) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 565.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.60 565.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.49 565.73 Td (contractual ) Tj ET Q q 0 0 0 rg BT 113.59 565.73 Td (obligations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.00 565.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.25 565.73 Td (1,676,916) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.00 565.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 565.73 Td (229,322) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.00 565.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.30 565.73 Td (987,481) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.00 565.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.30 565.73 Td (409,847) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.00 565.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 565.73 Td (50,266) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 543.40 Td (Long-T) Tj ET Q q 0 0 0 rg BT 72.83 543.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 87.27 543.40 Td (Debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 527.80 Td (For ) Tj ET Q q 0 0 0 rg BT 62.99 527.80 Td (more ) Tj ET Q q 0 0 0 rg BT 81.31 527.80 Td (information ) Tj ET Q q 0 0 0 rg BT 120.96 527.80 Td (on ) Tj ET Q q 0 0 0 rg BT 130.84 527.80 Td (our ) Tj ET Q q 0 0 0 rg BT 143.39 527.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 176.82 527.80 Td (debt, ) Tj ET Q q 0 0 0 rg BT 194.47 527.80 Td (see ) Tj ET Q q 0 0 0 rg BT 206.57 527.80 Td (Item ) Tj ET Q q 0 0 0 rg BT 223.11 527.80 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.99 527.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 248.42 527.80 Td (5, ) Tj ET Q q 0 0 0 rg BT 256.30 527.80 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 295.66 527.80 Td (Debt ) Tj ET Q q 0 0 0 rg BT 313.09 527.80 Td (and ) Tj ET Q q 0 0 0 rg BT 326.52 527.80 Td (Other ) Tj ET Q q 0 0 0 rg BT 346.62 527.80 Td (Financing ) Tj ET Q q 0 0 0 rg BT 380.08 527.80 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.66 527.80 Td (. ) Tj ET Q q 0 0 0 rg BT 432.54 527.80 Td (Interest ) Tj ET Q q 0 0 0 rg BT 458.41 527.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 485.17 527.80 Td (on ) Tj ET Q q 0 0 0 rg BT 495.05 527.80 Td (our ) Tj ET Q q 0 0 0 rg BT 507.59 527.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 541.02 527.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 556.67 527.80 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 518.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 84.42 518.20 Td (using ) Tj ET Q q 0 0 0 rg BT 103.76 518.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.30 518.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 146.41 518.20 Td (and ) Tj ET Q q 0 0 0 rg BT 159.96 518.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 192.16 518.20 Td (rates ) Tj ET Q q 0 0 0 rg BT 209.26 518.20 Td (as ) Tj ET Q q 0 0 0 rg BT 217.93 518.20 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.70 518.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 272.57 518.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.57 518.20 Td (. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 499.60 Td (Unconditional ) Tj ET Q q 0 0 0 rg BT 98.22 499.60 Td (Pur) Tj ET Q q 0 0 0 rg BT 109.92 499.60 Td (chase ) Tj ET Q q 0 0 0 rg BT 130.14 499.60 Td (Obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 484.00 Td (Unconditional ) Tj ET Q q 0 0 0 rg BT 98.49 484.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 129.63 484.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 167.90 484.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 200.39 484.00 Td (comprise ) Tj ET Q q 0 0 0 rg BT 232.43 484.00 Td (future ) Tj ET Q q 0 0 0 rg BT 254.25 484.00 Td (programming ) Tj ET Q q 0 0 0 rg BT 300.51 484.00 Td (commitments.) Tj ET Q q 0 0 0 rg BT 347.62 484.00 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.34 484.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 405.92 484.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.92 484.00 Td (, ) Tj ET Q q 0 0 0 rg BT 426.64 484.00 Td (we ) Tj ET Q q 0 0 0 rg BT 438.69 484.00 Td (had ) Tj ET Q q 0 0 0 rg BT 452.95 484.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 499.22 484.00 Td (in ) Tj ET Q q 0 0 0 rg BT 508.16 484.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 533.53 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 542.91 484.00 Td (future ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 474.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.55 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 104.21 474.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.44 474.40 Td (253.6 ) Tj ET Q q 0 0 0 rg BT 140.44 474.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.55 474.40 Td (. ) Tj ET Q q 0 0 0 rg BT 167.41 474.40 Td (This ) Tj ET Q q 0 0 0 rg BT 183.63 474.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 212.29 474.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 243.16 474.40 Td (signed ) Tj ET Q q 0 0 0 rg BT 266.05 474.40 Td (with ) Tj ET Q q 0 0 0 rg BT 282.27 474.40 Td (license ) Tj ET Q q 0 0 0 rg BT 306.48 474.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 332.04 474.40 Td (starting ) Tj ET Q q 0 0 0 rg BT 358.03 474.40 Td (after ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.68 474.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 421.55 474.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.55 474.40 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 455.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 84.89 455.80 Td (Leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 440.20 Td (For ) Tj ET Q q 0 0 0 rg BT 63.11 440.20 Td (more ) Tj ET Q q 0 0 0 rg BT 81.55 440.20 Td (information ) Tj ET Q q 0 0 0 rg BT 121.32 440.20 Td (on ) Tj ET Q q 0 0 0 rg BT 131.32 440.20 Td (our ) Tj ET Q q 0 0 0 rg BT 143.98 440.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 176.20 440.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 194.18 440.20 Td (commitments ) Tj ET Q q 0 0 0 rg BT 239.73 440.20 Td (see ) Tj ET Q q 0 0 0 rg BT 251.95 440.20 Td (Item ) Tj ET Q q 0 0 0 rg BT 268.61 440.20 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.61 440.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 294.16 440.20 Td (21, ) Tj ET Q q 0 0 0 rg BT 306.16 440.20 Td ("Commitments ) Tj ET Q q 0 0 0 rg BT 356.76 440.20 Td (and ) Tj ET Q q 0 0 0 rg BT 370.31 440.20 Td (Contingencies") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.35 440.20 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 421.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 70.66 421.60 Td (Long-T) Tj ET Q q 0 0 0 rg BT 93.49 421.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 107.93 421.60 Td (Obligations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 406.00 Td (Other ) Tj ET Q q 0 0 0 rg BT 70.21 406.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 103.76 406.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 141.32 406.00 Td (are ) Tj ET Q q 0 0 0 rg BT 153.08 406.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 188.41 406.00 Td (of ) Tj ET Q q 0 0 0 rg BT 197.07 406.00 Td (digital ) Tj ET Q q 0 0 0 rg BT 219.51 406.00 Td (transmission ) Tj ET Q q 0 0 0 rg BT 261.96 406.00 Td (commitments.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 387.40 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 371.80 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 371.80 Td (op ) Tj ET Q q 0 0 0 rg BT 64.23 371.80 Td (T) Tj ET Q q 0 0 0 rg BT 68.56 371.80 Td (one ) Tj ET Q q 0 0 0 rg BT 82.16 371.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 104.64 371.80 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 136.03 371.80 Td (Limited ) Tj ET Q q 0 0 0 rg BT 163.40 371.80 Td (has ) Tj ET Q q 0 0 0 rg BT 176.12 371.80 Td (exercised ) Tj ET Q q 0 0 0 rg BT 208.37 371.80 Td (its ) Tj ET Q q 0 0 0 rg BT 217.98 371.80 Td (right ) Tj ET Q q 0 0 0 rg BT 235.14 371.80 Td (to ) Tj ET Q q 0 0 0 rg BT 243.41 371.80 Td (acquire ) Tj ET Q q 0 0 0 rg BT 268.99 371.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 303.04 371.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 325.08 371.80 Td (in ) Tj ET Q q 0 0 0 rg BT 333.35 371.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 352.74 371.80 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 382.33 371.80 Td (B.V) Tj ET Q q 0 0 0 rg BT 394.41 371.80 Td (. ) Tj ET Q q 0 0 0 rg BT 398.46 371.80 Td (Upon ) Tj ET Q q 0 0 0 rg BT 418.29 371.80 Td (consummation ) Tj ET Q q 0 0 0 rg BT 467.44 371.80 Td (of ) Tj ET Q q 0 0 0 rg BT 476.16 371.80 Td (the ) Tj ET Q q 0 0 0 rg BT 487.98 371.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 510.02 371.80 Td (transfer) Tj ET Q q 0 0 0 rg BT 534.13 371.80 Td (, ) Tj ET Q q 0 0 0 rg BT 538.18 371.80 Td (we ) Tj ET Q q 0 0 0 rg BT 549.56 371.80 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 362.20 Td (own ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.19 362.20 Td (90.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.85 362.20 Td ( ) Tj ET Q q 0 0 0 rg BT 87.26 362.20 Td (of ) Tj ET Q q 0 0 0 rg BT 95.34 362.20 Td (our ) Tj ET Q q 0 0 0 rg BT 107.41 362.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 136.37 362.20 Td (Broadcast ) Tj ET Q q 0 0 0 rg BT 169.77 362.20 Td (operations. ) Tj ET Q q 0 0 0 rg BT 206.40 362.20 Td (The ) Tj ET Q q 0 0 0 rg BT 220.25 362.20 Td (option ) Tj ET Q q 0 0 0 rg BT 242.11 362.20 Td (strike ) Tj ET Q q 0 0 0 rg BT 261.29 362.20 Td (price ) Tj ET Q q 0 0 0 rg BT 278.69 362.20 Td (is ) Tj ET Q q 0 0 0 rg BT 285.44 362.20 Td (the ) Tj ET Q q 0 0 0 rg BT 296.63 362.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.14 362.20 Td (value ) Tj ET Q q 0 0 0 rg BT 327.87 362.20 Td (of ) Tj ET Q q 0 0 0 rg BT 335.95 362.20 Td (the ) Tj ET Q q 0 0 0 rg BT 347.13 362.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 368.54 362.20 Td (in ) Tj ET Q q 0 0 0 rg BT 376.17 362.20 Td (CME ) Tj ET Q q 0 0 0 rg BT 394.92 362.20 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 425.88 362.20 Td (as ) Tj ET Q q 0 0 0 rg BT 433.95 362.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 471.35 362.20 Td (by ) Tj ET Q q 0 0 0 rg BT 480.76 362.20 Td (an ) Tj ET Q q 0 0 0 rg BT 489.72 362.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 530.23 362.20 Td (valuation. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 352.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 352.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 89.55 352.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.21 352.60 Td (this ) Tj ET Q q 0 0 0 rg BT 111.77 352.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 148.87 352.60 Td (has ) Tj ET Q q 0 0 0 rg BT 161.53 352.60 Td (not ) Tj ET Q q 0 0 0 rg BT 173.75 352.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 185.53 352.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 215.51 352.60 Td (because ) Tj ET Q q 0 0 0 rg BT 242.82 352.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.60 352.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 287.69 352.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 319.90 352.60 Td (is ) Tj ET Q q 0 0 0 rg BT 327.24 352.60 Td (still ) Tj ET Q q 0 0 0 rg BT 341.24 352.60 Td (pending.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 331.00 Td (III\(d\) ) Tj ET Q q 0 0 0 rg BT 77.00 331.00 Td (Cash Outlook) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 315.40 Td (Historically) Tj ET Q q 0 0 0 rg BT 87.25 315.40 Td (, ) Tj ET Q q 0 0 0 rg BT 90.86 315.40 Td (our ) Tj ET Q q 0 0 0 rg BT 103.14 315.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.08 315.40 Td (have ) Tj ET Q q 0 0 0 rg BT 154.79 315.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 187.49 315.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 203.32 315.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 222.71 315.40 Td (suf) Tj ET Q q 0 0 0 rg BT 232.34 315.40 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 256.39 315.40 Td (in ) Tj ET Q q 0 0 0 rg BT 264.22 315.40 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 303.60 315.40 Td (with ) Tj ET Q q 0 0 0 rg BT 319.44 315.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 341.05 315.40 Td (and ) Tj ET Q q 0 0 0 rg BT 354.21 315.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 369.60 315.40 Td (financing, ) Tj ET Q q 0 0 0 rg BT 403.42 315.40 Td (to ) Tj ET Q q 0 0 0 rg BT 411.25 315.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 427.53 315.40 Td (our ) Tj ET Q q 0 0 0 rg BT 439.81 315.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.74 315.40 Td (and ) Tj ET Q q 0 0 0 rg BT 487.91 315.40 Td (our ) Tj ET Q q 0 0 0 rg BT 500.18 315.40 Td (investing ) Tj ET Q q 0 0 0 rg BT 531.13 315.40 Td (activities. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 305.80 Td (During ) Tj ET Q q 0 0 0 rg BT 74.59 305.80 Td (the ) Tj ET Q q 0 0 0 rg BT 86.28 305.80 Td (dif) Tj ET Q q 0 0 0 rg BT 95.03 305.80 Td (ficult ) Tj ET Q q 0 0 0 rg BT 113.83 305.80 Td (economic ) Tj ET Q q 0 0 0 rg BT 146.85 305.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 182.11 305.80 Td (in ) Tj ET Q q 0 0 0 rg BT 190.25 305.80 Td (our ) Tj ET Q q 0 0 0 rg BT 202.84 305.80 Td (markets ) Tj ET Q q 0 0 0 rg BT 230.09 305.80 Td (since ) Tj ET Q q 0 0 0 rg BT 248.45 305.80 Td (the ) Tj ET Q q 0 0 0 rg BT 260.14 305.80 Td (end ) Tj ET Q q 0 0 0 rg BT 273.62 305.80 Td (of ) Tj ET Q q 0 0 0 rg BT 282.20 305.80 Td (2008, ) Tj ET Q q 0 0 0 rg BT 302.13 305.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 318.26 305.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 337.96 305.80 Td (from ) Tj ET Q q 0 0 0 rg BT 355.44 305.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 387.57 305.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 418.37 305.80 Td (have ) Tj ET Q q 0 0 0 rg BT 435.40 305.80 Td (declined ) Tj ET Q q 0 0 0 rg BT 464.42 305.80 Td (and ) Tj ET Q q 0 0 0 rg BT 477.89 305.80 Td (were ) Tj ET Q q 0 0 0 rg BT 495.36 305.80 Td (negative ) Tj ET Q q 0 0 0 rg BT 524.38 305.80 Td (in ) Tj ET Q q 0 0 0 rg BT 532.52 305.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 550.45 305.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 296.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 70.18 296.20 Td (despite ) Tj ET Q q 0 0 0 rg BT 95.03 296.20 Td (the ) Tj ET Q q 0 0 0 rg BT 106.98 296.20 Td (implementation ) Tj ET Q q 0 0 0 rg BT 159.38 296.20 Td (of ) Tj ET Q q 0 0 0 rg BT 168.22 296.20 Td (aggressive ) Tj ET Q q 0 0 0 rg BT 204.17 296.20 Td (working ) Tj ET Q q 0 0 0 rg BT 233.02 296.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 256.52 296.20 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 292.25 296.20 Td (During ) Tj ET Q q 0 0 0 rg BT 317.10 296.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 335.28 296.20 Td (and ) Tj ET Q q 0 0 0 rg BT 349.02 296.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 369.20 296.20 Td (our ) Tj ET Q q 0 0 0 rg BT 382.04 296.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 398.44 296.20 Td (flows ) Tj ET Q q 0 0 0 rg BT 418.40 296.20 Td (from ) Tj ET Q q 0 0 0 rg BT 436.14 296.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.53 296.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 499.59 296.20 Td (were ) Tj ET Q q 0 0 0 rg BT 517.32 296.20 Td (insuf) Tj ET Q q 0 0 0 rg BT 533.17 296.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 555.79 296.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 286.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 69.77 286.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 101.98 286.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 132.86 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.41 286.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 171.95 286.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 204.61 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.16 286.60 Td (required ) Tj ET Q q 0 0 0 rg BT 246.82 286.60 Td (us ) Tj ET Q q 0 0 0 rg BT 255.93 286.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.15 286.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 280.37 286.60 Td (other ) Tj ET Q q 0 0 0 rg BT 298.80 286.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.13 286.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 354.33 286.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.55 286.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 379.22 286.60 Td (our ) Tj ET Q q 0 0 0 rg BT 391.88 286.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 429.21 286.60 Td (our ) Tj ET Q q 0 0 0 rg BT 441.87 286.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 457.64 286.60 Td (service ) Tj ET Q q 0 0 0 rg BT 482.30 286.60 Td (and ) Tj ET Q q 0 0 0 rg BT 495.85 286.60 Td (other ) Tj ET Q q 0 0 0 rg BT 514.29 286.60 Td (obligations. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 271.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 271.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.01 271.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 91.10 271.00 Td (to ) Tj ET Q q 0 0 0 rg BT 98.87 271.00 Td (take ) Tj ET Q q 0 0 0 rg BT 113.73 271.00 Td (actions ) Tj ET Q q 0 0 0 rg BT 137.94 271.00 Td (to ) Tj ET Q q 0 0 0 rg BT 145.71 271.00 Td (conserve ) Tj ET Q q 0 0 0 rg BT 175.68 271.00 Td (cash, ) Tj ET Q q 0 0 0 rg BT 193.44 271.00 Td (including ) Tj ET Q q 0 0 0 rg BT 225.21 271.00 Td (tar) Tj ET Q q 0 0 0 rg BT 233.50 271.00 Td (geted ) Tj ET Q q 0 0 0 rg BT 252.37 271.00 Td (reductions ) Tj ET Q q 0 0 0 rg BT 287.24 271.00 Td (to ) Tj ET Q q 0 0 0 rg BT 295.00 271.00 Td (our ) Tj ET Q q 0 0 0 rg BT 307.21 271.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.97 271.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 353.40 271.00 Td (base ) Tj ET Q q 0 0 0 rg BT 369.16 271.00 Td (through ) Tj ET Q q 0 0 0 rg BT 395.59 271.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 410.02 271.00 Td (optimization ) Tj ET Q q 0 0 0 rg BT 452.01 271.00 Td (programs ) Tj ET Q q 0 0 0 rg BT 483.77 271.00 Td (and ) Tj ET Q q 0 0 0 rg BT 496.86 271.00 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 539.28 271.00 Td (ef) Tj ET Q q 0 0 0 rg BT 545.35 271.00 Td (forts, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.95 261.40 Td (deferral ) Tj ET Q q 0 0 0 rg BT 88.99 261.40 Td (of ) Tj ET Q q 0 0 0 rg BT 97.83 261.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 143.55 261.40 Td (commitments ) Tj ET Q q 0 0 0 rg BT 189.28 261.40 Td (and ) Tj ET Q q 0 0 0 rg BT 203.00 261.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.50 261.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 269.55 261.40 Td (and ) Tj ET Q q 0 0 0 rg BT 283.27 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.22 261.40 Td (deferral ) Tj ET Q q 0 0 0 rg BT 322.26 261.40 Td (or ) Tj ET Q q 0 0 0 rg BT 331.10 261.40 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 371.92 261.40 Td (of ) Tj ET Q q 0 0 0 rg BT 380.76 261.40 Td (development ) Tj ET Q q 0 0 0 rg BT 424.25 261.40 Td (projects. ) Tj ET Q q 0 0 0 rg BT 453.60 261.40 Td (W) Tj ET Q q 0 0 0 rg BT 460.51 261.40 Td (e ) Tj ET Q q 0 0 0 rg BT 466.23 261.40 Td (also ) Tj ET Q q 0 0 0 rg BT 481.29 261.40 Td (delayed ) Tj ET Q q 0 0 0 rg BT 508.34 261.40 Td (the ) Tj ET Q q 0 0 0 rg BT 520.29 261.40 Td (settlement ) Tj ET Q q 0 0 0 rg BT 555.35 261.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 251.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 79.41 251.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 116.83 251.80 Td (with ) Tj ET Q q 0 0 0 rg BT 132.92 251.80 Td (a ) Tj ET Q q 0 0 0 rg BT 138.34 251.80 Td (number ) Tj ET Q q 0 0 0 rg BT 164.64 251.80 Td (of ) Tj ET Q q 0 0 0 rg BT 173.17 251.80 Td (key ) Tj ET Q q 0 0 0 rg BT 186.58 251.80 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 219.34 251.80 Td (including ) Tj ET Q q 0 0 0 rg BT 251.42 251.80 Td (payments ) Tj ET Q q 0 0 0 rg BT 283.95 251.80 Td (due ) Tj ET Q q 0 0 0 rg BT 297.36 251.80 Td (for ) Tj ET Q q 0 0 0 rg BT 308.55 251.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 337.96 251.80 Td (programming, ) Tj ET Q q 0 0 0 rg BT 385.37 251.80 Td (which ) Tj ET Q q 0 0 0 rg BT 406.79 251.80 Td (has ) Tj ET Q q 0 0 0 rg BT 419.32 251.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 446.51 251.80 Td (in ) Tj ET Q q 0 0 0 rg BT 454.59 251.80 Td (our ) Tj ET Q q 0 0 0 rg BT 467.12 251.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 496.98 251.80 Td (payable ) Tj ET Q q 0 0 0 rg BT 523.72 251.80 Td (and ) Tj ET Q q 0 0 0 rg BT 537.13 251.80 Td (accrued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 242.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 80.95 242.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 115.00 242.20 Td (to ) Tj ET Q q 0 0 0 rg BT 122.39 242.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.79 242.20 Td (296.4 ) Tj ET Q q 0 0 0 rg BT 156.97 242.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.08 242.20 Td ( ) Tj ET Q q 0 0 0 rg BT 181.25 242.20 Td (at ) Tj ET Q q 0 0 0 rg BT 188.20 242.20 Td (December ) Tj ET Q q 0 0 0 rg BT 222.24 242.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 233.42 242.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 250.59 242.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 283.30 242.20 Td (to ) Tj ET Q q 0 0 0 rg BT 290.70 242.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.10 242.20 Td (255.7 ) Tj ET Q q 0 0 0 rg BT 325.27 242.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.39 242.20 Td ( ) Tj ET Q q 0 0 0 rg BT 349.56 242.20 Td (at ) Tj ET Q q 0 0 0 rg BT 356.51 242.20 Td (December ) Tj ET Q q 0 0 0 rg BT 390.55 242.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 401.72 242.20 Td (2012 ) Tj ET Q q 0 0 0 rg BT 418.90 242.20 Td (and ) Tj ET Q q 0 0 0 rg BT 431.62 242.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 447.02 242.20 Td (240.0 ) Tj ET Q q 0 0 0 rg BT 466.20 242.20 Td (million ) Tj ET Q q 0 0 0 rg BT 490.48 242.20 Td (at ) Tj ET Q q 0 0 0 rg BT 497.43 242.20 Td (December31,201) Tj ET Q q 0 0 0 rg BT 556.00 242.20 Td (1. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 232.60 Td (Despite ) Tj ET Q q 0 0 0 rg BT 76.13 232.60 Td (the ) Tj ET Q q 0 0 0 rg BT 87.61 232.60 Td (expectation ) Tj ET Q q 0 0 0 rg BT 126.17 232.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.54 232.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 176.22 232.60 Td (improved ) Tj ET Q q 0 0 0 rg BT 208.58 232.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 235.60 232.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.84 232.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 273.73 232.60 Td ( ) Tj ET Q q 0 0 0 rg BT 275.43 232.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 317.55 232.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.47 232.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 345.16 232.60 Td (our ) Tj ET Q q 0 0 0 rg BT 357.53 232.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.44 232.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 398.68 232.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 416.38 232.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.63 232.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.10 232.60 Td (need ) Tj ET Q q 0 0 0 rg BT 457.90 232.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.82 232.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 494.17 232.60 Td (our ) Tj ET Q q 0 0 0 rg BT 506.54 232.60 Td (payables ) Tj ET Q q 0 0 0 rg BT 536.22 232.60 Td (position ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.00 Td (will ) Tj ET Q q 0 0 0 rg BT 65.20 223.00 Td (result ) Tj ET Q q 0 0 0 rg BT 85.73 223.00 Td (in ) Tj ET Q q 0 0 0 rg BT 94.70 223.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 127.66 223.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.63 223.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.59 223.00 Td (outflows ) Tj ET Q q 0 0 0 rg BT 208.35 223.00 Td (during ) Tj ET Q q 0 0 0 rg BT 231.99 223.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 250.74 223.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 285.04 223.00 Td (to ) Tj ET Q q 0 0 0 rg BT 294.01 223.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 314.57 223.00 Td (W) Tj ET Q q 0 0 0 rg BT 321.48 223.00 Td (e ) Tj ET Q q 0 0 0 rg BT 327.78 223.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 351.41 223.00 Td (that ) Tj ET Q q 0 0 0 rg BT 366.16 223.00 Td (our ) Tj ET Q q 0 0 0 rg BT 379.58 223.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.55 223.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 417.08 223.00 Td (from ) Tj ET Q q 0 0 0 rg BT 435.38 223.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.35 223.00 Td (activities ) Tj ET Q q 0 0 0 rg BT 499.98 223.00 Td (will ) Tj ET Q q 0 0 0 rg BT 515.18 223.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 545.48 223.00 Td (to ) Tj ET Q q 0 0 0 rg BT 554.46 223.00 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 213.40 Td (insuf) Tj ET Q q 0 0 0 rg BT 65.86 213.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 88.06 213.40 Td (to ) Tj ET Q q 0 0 0 rg BT 96.06 213.40 Td (cover ) Tj ET Q q 0 0 0 rg BT 115.60 213.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.58 213.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 178.23 213.40 Td (and ) Tj ET Q q 0 0 0 rg BT 191.56 213.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 216.88 213.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 249.31 213.40 Td (and ) Tj ET Q q 0 0 0 rg BT 262.64 213.40 Td (we ) Tj ET Q q 0 0 0 rg BT 273.74 213.40 Td (will ) Tj ET Q q 0 0 0 rg BT 287.96 213.40 Td (need ) Tj ET Q q 0 0 0 rg BT 304.83 213.40 Td (other ) Tj ET Q q 0 0 0 rg BT 323.04 213.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 346.14 213.40 Td (resources ) Tj ET Q q 0 0 0 rg BT 378.12 213.40 Td (this ) Tj ET Q q 0 0 0 rg BT 391.45 213.40 Td (year ) Tj ET Q q 0 0 0 rg BT 406.99 213.40 Td (to ) Tj ET Q q 0 0 0 rg BT 414.98 213.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 431.42 213.40 Td (our ) Tj ET Q q 0 0 0 rg BT 443.86 213.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.96 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 487.39 213.40 Td (well ) Tj ET Q q 0 0 0 rg BT 502.94 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 511.38 213.40 Td (our ) Tj ET Q q 0 0 0 rg BT 523.82 213.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 539.36 213.40 Td (service ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 203.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 203.80 Td (other ) Tj ET Q q 0 0 0 rg BT 81.99 203.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 119.54 203.80 Td (as ) Tj ET Q q 0 0 0 rg BT 128.21 203.80 Td (they ) Tj ET Q q 0 0 0 rg BT 143.98 203.80 Td (become ) Tj ET Q q 0 0 0 rg BT 170.86 203.80 Td (due.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 188.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 188.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.39 188.20 Td (have ) Tj ET Q q 0 0 0 rg BT 79.42 188.20 Td (been ) Tj ET Q q 0 0 0 rg BT 96.46 188.20 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 131.71 188.20 Td (options ) Tj ET Q q 0 0 0 rg BT 157.20 188.20 Td (to ) Tj ET Q q 0 0 0 rg BT 165.35 188.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 193.94 188.20 Td (our ) Tj ET Q q 0 0 0 rg BT 206.54 188.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 235.58 188.20 Td (in ) Tj ET Q q 0 0 0 rg BT 243.73 188.20 Td (light ) Tj ET Q q 0 0 0 rg BT 260.33 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 268.93 188.20 Td (our ) Tj ET Q q 0 0 0 rg BT 281.52 188.20 Td (results ) Tj ET Q q 0 0 0 rg BT 304.34 188.20 Td (for ) Tj ET Q q 0 0 0 rg BT 315.60 188.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 335.53 188.20 Td (outlook ) Tj ET Q q 0 0 0 rg BT 361.90 188.20 Td (for ) Tj ET Q q 0 0 0 rg BT 373.16 188.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 391.09 188.20 Td (and ) Tj ET Q q 0 0 0 rg BT 404.57 188.20 Td (our ) Tj ET Q q 0 0 0 rg BT 417.17 188.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 432.87 188.20 Td (to ) Tj ET Q q 0 0 0 rg BT 441.03 188.20 Td (improve ) Tj ET Q q 0 0 0 rg BT 469.62 188.20 Td (our ) Tj ET Q q 0 0 0 rg BT 482.21 188.20 Td (payables ) Tj ET Q q 0 0 0 rg BT 512.13 188.20 Td (position. ) Tj ET Q q 0 0 0 rg BT 541.84 188.20 Td (In ) Tj ET Q q 0 0 0 rg BT 550.44 188.20 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 178.60 Td (respect, ) Tj ET Q q 0 0 0 rg BT 77.35 178.60 Td (we ) Tj ET Q q 0 0 0 rg BT 89.38 178.60 Td (have ) Tj ET Q q 0 0 0 rg BT 107.17 178.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 133.41 178.60 Td (into ) Tj ET Q q 0 0 0 rg BT 148.55 178.60 Td (a ) Tj ET Q q 0 0 0 rg BT 154.80 178.60 Td (Framework ) Tj ET Q q 0 0 0 rg BT 193.78 178.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 232.02 178.60 Td (with ) Tj ET Q q 0 0 0 rg BT 248.74 178.60 Td (T) Tj ET Q q 0 0 0 rg BT 253.35 178.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 267.85 178.60 Td (W) Tj ET Q q 0 0 0 rg BT 274.76 178.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 293.88 178.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 324.13 178.60 Td (to ) Tj ET Q q 0 0 0 rg BT 333.05 178.60 Td (which ) Tj ET Q q 0 0 0 rg BT 355.30 178.60 Td (we ) Tj ET Q q 0 0 0 rg BT 367.33 178.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.38 178.60 Td (T) Tj ET Q q 0 0 0 rg BT 385.98 178.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 400.48 178.60 Td (W) Tj ET Q q 0 0 0 rg BT 407.39 178.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 426.52 178.60 Td (have ) Tj ET Q q 0 0 0 rg BT 444.32 178.60 Td (committed, ) Tj ET Q q 0 0 0 rg BT 483.23 178.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 508.59 178.60 Td (to ) Tj ET Q q 0 0 0 rg BT 517.51 178.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.98 178.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 550.45 178.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 169.00 Td (conditions ) Tj ET Q q 0 0 0 rg BT 85.25 169.00 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 111.82 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 119.96 169.00 Td (undertake ) Tj ET Q q 0 0 0 rg BT 153.41 169.00 Td (a ) Tj ET Q q 0 0 0 rg BT 158.88 169.00 Td (series ) Tj ET Q q 0 0 0 rg BT 179.01 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 187.59 169.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 219.71 169.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 259.84 169.00 Td (\(see ) Tj ET Q q 0 0 0 rg BT 274.64 169.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 291.21 169.00 Td (8, ) Tj ET Q q 0 0 0 rg BT 299.13 169.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 316.60 169.00 Td (25, ) Tj ET Q q 0 0 0 rg BT 328.51 169.00 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 370.58 169.00 Td (Events"\) ) Tj ET Q q 0 0 0 rg BT 400.20 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 408.34 169.00 Td (enhance ) Tj ET Q q 0 0 0 rg BT 436.46 169.00 Td (our ) Tj ET Q q 0 0 0 rg BT 449.04 169.00 Td (overall ) Tj ET Q q 0 0 0 rg BT 473.16 169.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 502.19 169.00 Td (and ) Tj ET Q q 0 0 0 rg BT 515.66 169.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 547.79 169.00 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 159.40 Td (flow) Tj ET Q q 0 0 0 rg BT 64.14 159.40 Td (. ) Tj ET Q q 0 0 0 rg BT 68.35 159.40 Td (W) Tj ET Q q 0 0 0 rg BT 75.26 159.40 Td (e ) Tj ET Q q 0 0 0 rg BT 81.20 159.40 Td (have ) Tj ET Q q 0 0 0 rg BT 98.68 159.40 Td (chosen ) Tj ET Q q 0 0 0 rg BT 123.27 159.40 Td (to ) Tj ET Q q 0 0 0 rg BT 131.88 159.40 Td (raise ) Tj ET Q q 0 0 0 rg BT 149.36 159.40 Td (up ) Tj ET Q q 0 0 0 rg BT 159.74 159.40 Td (to ) Tj ET Q q 0 0 0 rg BT 168.34 159.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 216.93 159.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.54 159.40 Td (545.0 ) Tj ET Q q 0 0 0 rg BT 253.92 159.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.03 159.40 Td ( ) Tj ET Q q 0 0 0 rg BT 279.41 159.40 Td (in ) Tj ET Q q 0 0 0 rg BT 288.02 159.40 Td (new ) Tj ET Q q 0 0 0 rg BT 303.73 159.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 327.43 159.40 Td (through ) Tj ET Q q 0 0 0 rg BT 354.70 159.40 Td (these ) Tj ET Q q 0 0 0 rg BT 373.51 159.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 414.11 159.40 Td (to ) Tj ET Q q 0 0 0 rg BT 422.71 159.40 Td (enable ) Tj ET Q q 0 0 0 rg BT 445.96 159.40 Td (us ) Tj ET Q q 0 0 0 rg BT 455.46 159.40 Td (to ) Tj ET Q q 0 0 0 rg BT 464.06 159.40 Td (refinance ) Tj ET Q q 0 0 0 rg BT 496.20 159.40 Td (the ) Tj ET Q q 0 0 0 rg BT 508.35 159.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 526.73 159.40 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 547.34 159.40 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 149.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 70.37 149.80 Td (and ) Tj ET Q q 0 0 0 rg BT 83.63 149.80 Td (for ) Tj ET Q q 0 0 0 rg BT 94.67 149.80 Td (general ) Tj ET Q q 0 0 0 rg BT 119.92 149.80 Td (corporate ) Tj ET Q q 0 0 0 rg BT 151.83 149.80 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 183.86 149.80 Td (These ) Tj ET Q q 0 0 0 rg BT 204.67 149.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 244.60 149.80 Td (will ) Tj ET Q q 0 0 0 rg BT 258.75 149.80 Td (significantly ) Tj ET Q q 0 0 0 rg BT 300.45 149.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 323.48 149.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.96 149.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 360.67 149.80 Td (of ) Tj ET Q q 0 0 0 rg BT 369.04 149.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 384.97 149.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 410.22 149.80 Td (to ) Tj ET Q q 0 0 0 rg BT 418.16 149.80 Td (be ) Tj ET Q q 0 0 0 rg BT 427.42 149.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 442.90 149.80 Td (in ) Tj ET Q q 0 0 0 rg BT 450.83 149.80 Td (the ) Tj ET Q q 0 0 0 rg BT 462.32 149.80 Td (coming ) Tj ET Q q 0 0 0 rg BT 488.02 149.80 Td (years ) Tj ET Q q 0 0 0 rg BT 506.61 149.80 Td (by ) Tj ET Q q 0 0 0 rg BT 516.32 149.80 Td (replacing ) Tj ET Q q 0 0 0 rg BT 547.79 149.80 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 140.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 63.29 140.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 106.35 140.20 Td (with ) Tj ET Q q 0 0 0 rg BT 122.32 140.20 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 152.93 140.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 166.22 140.20 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 209.29 140.20 Td (and ) Tj ET Q q 0 0 0 rg BT 222.58 140.20 Td (will ) Tj ET Q q 0 0 0 rg BT 236.76 140.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 262.94 140.20 Td (suf) Tj ET Q q 0 0 0 rg BT 272.57 140.20 Td (ficient ) Tj ET Q q 0 0 0 rg BT 294.74 140.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 323.60 140.20 Td (to ) Tj ET Q q 0 0 0 rg BT 331.56 140.20 Td (fund ) Tj ET Q q 0 0 0 rg BT 347.96 140.20 Td (our ) Tj ET Q q 0 0 0 rg BT 360.37 140.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.43 140.20 Td (and ) Tj ET Q q 0 0 0 rg BT 408.72 140.20 Td (relieve ) Tj ET Q q 0 0 0 rg BT 432.22 140.20 Td (pressure ) Tj ET Q q 0 0 0 rg BT 460.62 140.20 Td (on ) Tj ET Q q 0 0 0 rg BT 470.35 140.20 Td (our ) Tj ET Q q 0 0 0 rg BT 482.76 140.20 Td (working ) Tj ET Q q 0 0 0 rg BT 511.16 140.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 534.22 140.20 Td (position. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 130.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 71.44 130.60 Td (on ) Tj ET Q q 0 0 0 rg BT 81.32 130.60 Td (our ) Tj ET Q q 0 0 0 rg BT 93.87 130.60 Td (current ) Tj ET Q q 0 0 0 rg BT 118.41 130.60 Td (projections, ) Tj ET Q q 0 0 0 rg BT 157.84 130.60 Td (once ) Tj ET Q q 0 0 0 rg BT 174.83 130.60 Td (closed ) Tj ET Q q 0 0 0 rg BT 197.15 130.60 Td (these ) Tj ET Q q 0 0 0 rg BT 215.48 130.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 255.57 130.60 Td (will ) Tj ET Q q 0 0 0 rg BT 269.90 130.60 Td (position ) Tj ET Q q 0 0 0 rg BT 297.57 130.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.23 130.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 342.23 130.60 Td (to ) Tj ET Q q 0 0 0 rg BT 350.33 130.60 Td (be ) Tj ET Q q 0 0 0 rg BT 359.77 130.60 Td (free ) Tj ET Q q 0 0 0 rg BT 374.09 130.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 390.19 130.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 406.74 130.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 433.95 130.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 467.84 130.60 Td (in ) Tj ET Q q 0 0 0 rg BT 475.94 130.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 495.83 130.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 130.60 Td (we ) Tj ET Q q 0 0 0 rg BT 520.48 130.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 543.24 130.60 Td (to ) Tj ET Q q 0 0 0 rg BT 551.35 130.60 Td (use ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 121.00 Td (this ) Tj ET Q q 0 0 0 rg BT 63.60 121.00 Td (positive ) Tj ET Q q 0 0 0 rg BT 90.98 121.00 Td (free ) Tj ET Q q 0 0 0 rg BT 105.45 121.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 121.71 121.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 138.41 121.00 Td (to ) Tj ET Q q 0 0 0 rg BT 146.68 121.00 Td (repay ) Tj ET Q q 0 0 0 rg BT 166.49 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.30 121.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 207.46 121.00 Td (drawn ) Tj ET Q q 0 0 0 rg BT 229.49 121.00 Td (under ) Tj ET Q q 0 0 0 rg BT 249.75 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.42 121.00 Td (T) Tj ET Q q 0 0 0 rg BT 266.02 121.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 279.92 121.00 Td (W) Tj ET Q q 0 0 0 rg BT 286.83 121.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 305.30 121.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 340.67 121.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 362.71 121.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 389.20 121.00 Td (such ) Tj ET Q q 0 0 0 rg BT 405.90 121.00 Td (that ) Tj ET Q q 0 0 0 rg BT 419.94 121.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.76 121.00 Td (entire ) Tj ET Q q 0 0 0 rg BT 452.01 121.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 478.48 121.00 Td (drawn ) Tj ET Q q 0 0 0 rg BT 500.52 121.00 Td (is ) Tj ET Q q 0 0 0 rg BT 507.90 121.00 Td (repaid ) Tj ET Q q 0 0 0 rg BT 529.93 121.00 Td (at ) Tj ET Q q 0 0 0 rg BT 537.74 121.00 Td (or ) Tj ET Q q 0 0 0 rg BT 546.45 121.00 Td (prior ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 111.40 Td (to ) Tj ET Q q 0 0 0 rg BT 58.22 111.40 Td (its ) Tj ET Q q 0 0 0 rg BT 67.78 111.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 96.89 111.40 Td (on ) Tj ET Q q 0 0 0 rg BT 106.89 111.40 Td (December1,2017.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 95.80 Td (If ) Tj ET Q q 0 0 0 rg BT 57.32 95.80 Td (the ) Tj ET Q q 0 0 0 rg BT 69.09 95.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 91.98 95.80 Td (Of) Tj ET Q q 0 0 0 rg BT 100.28 95.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 121.38 95.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.92 95.80 Td (other ) Tj ET Q q 0 0 0 rg BT 153.35 95.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 185.56 95.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 225.77 95.80 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 270.85 95.80 Td (by ) Tj ET Q q 0 0 0 rg BT 280.85 95.80 Td (the ) Tj ET Q q 0 0 0 rg BT 292.62 95.80 Td (Framework ) Tj ET Q q 0 0 0 rg BT 331.05 95.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 368.59 95.80 Td (are ) Tj ET Q q 0 0 0 rg BT 380.35 95.80 Td (not ) Tj ET Q q 0 0 0 rg BT 392.56 95.80 Td (closed, ) Tj ET Q q 0 0 0 rg BT 417.00 95.80 Td (we ) Tj ET Q q 0 0 0 rg BT 428.32 95.80 Td (will ) Tj ET Q q 0 0 0 rg BT 442.76 95.80 Td (need ) Tj ET Q q 0 0 0 rg BT 459.86 95.80 Td (other ) Tj ET Q q 0 0 0 rg BT 478.29 95.80 Td (external ) Tj ET Q q 0 0 0 rg BT 506.05 95.80 Td (sources ) Tj ET Q q 0 0 0 rg BT 532.03 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.69 95.80 Td (capital ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 86.20 Td (to ) Tj ET Q q 0 0 0 rg BT 58.50 86.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 88.33 86.20 Td (our ) Tj ET Q q 0 0 0 rg BT 101.28 86.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 138.88 86.20 Td (including ) Tj ET Q q 0 0 0 rg BT 171.38 86.20 Td (through ) Tj ET Q q 0 0 0 rg BT 198.55 86.20 Td (other ) Tj ET Q q 0 0 0 rg BT 217.27 86.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 233.32 86.20 Td (or ) Tj ET Q q 0 0 0 rg BT 242.27 86.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 264.55 86.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 297.04 86.20 Td (transactions ) Tj ET Q q 0 0 0 rg BT 337.53 86.20 Td (or ) Tj ET Q q 0 0 0 rg BT 346.48 86.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 364.31 86.20 Td (sales, ) Tj ET Q q 0 0 0 rg BT 384.14 86.20 Td (which ) Tj ET Q q 0 0 0 rg BT 405.97 86.20 Td (may ) Tj ET Q q 0 0 0 rg BT 422.03 86.20 Td (not ) Tj ET Q q 0 0 0 rg BT 434.53 86.20 Td (be ) Tj ET Q q 0 0 0 rg BT 444.36 86.20 Td (available ) Tj ET Q q 0 0 0 rg BT 475.52 86.20 Td (or ) Tj ET Q q 0 0 0 rg BT 484.46 86.20 Td (may ) Tj ET Q q 0 0 0 rg BT 500.52 86.20 Td (not ) Tj ET Q q 0 0 0 rg BT 513.02 86.20 Td (be ) Tj ET Q q 0 0 0 rg BT 522.85 86.20 Td (available ) Tj ET Q q 0 0 0 rg BT 554.00 86.20 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 76.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 85.68 76.60 Td (terms. ) Tj ET Q q 0 0 0 rg BT 107.38 76.60 Td (If ) Tj ET Q q 0 0 0 rg BT 114.64 76.60 Td (these ) Tj ET Q q 0 0 0 rg BT 133.01 76.60 Td (actions ) Tj ET Q q 0 0 0 rg BT 157.60 76.60 Td (are ) Tj ET Q q 0 0 0 rg BT 169.29 76.60 Td (not ) Tj ET Q q 0 0 0 rg BT 181.45 76.60 Td (successful, ) Tj ET Q q 0 0 0 rg BT 218.25 76.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.73 76.60 Td (we ) Tj ET Q q 0 0 0 rg BT 242.99 76.60 Td (are ) Tj ET Q q 0 0 0 rg BT 254.69 76.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 277.94 76.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.09 76.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 315.57 76.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.72 76.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 342.98 76.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 375.57 76.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.72 76.60 Td (some ) Tj ET Q q 0 0 0 rg BT 402.54 76.60 Td (of ) Tj ET Q q 0 0 0 rg BT 411.13 76.60 Td (our ) Tj ET Q q 0 0 0 rg BT 423.72 76.60 Td (major ) Tj ET Q q 0 0 0 rg BT 444.31 76.60 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 477.13 76.60 Td (we ) Tj ET Q q 0 0 0 rg BT 488.39 76.60 Td (will ) Tj ET Q q 0 0 0 rg BT 502.76 76.60 Td (not ) Tj ET Q q 0 0 0 rg BT 514.91 76.60 Td (have ) Tj ET Q q 0 0 0 rg BT 531.95 76.60 Td (suf) Tj ET Q q 0 0 0 rg BT 541.58 76.60 Td (ficient ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 67.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 79.11 67.00 Td (to ) Tj ET Q q 0 0 0 rg BT 87.34 67.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 116.88 67.00 Td (to ) Tj ET Q q 0 0 0 rg BT 125.11 67.00 Td (fund ) Tj ET Q q 0 0 0 rg BT 141.77 67.00 Td (our ) Tj ET Q q 0 0 0 rg BT 154.43 67.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.76 67.00 Td (in ) Tj ET Q q 0 0 0 rg BT 197.98 67.00 Td (the ) Tj ET Q q 0 0 0 rg BT 209.75 67.00 Td (middle ) Tj ET Q q 0 0 0 rg BT 233.97 67.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.64 67.00 Td (2014.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (36) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Cr) Tj ET Q q 0 0 0 rg BT 58.15 743.45 Td (edit ) Tj ET Q q 0 0 0 rg BT 72.15 743.45 Td (ratings ) Tj ET Q q 0 0 0 rg BT 96.82 743.45 Td (and ) Tj ET Q q 0 0 0 rg BT 110.82 743.45 Td (futur) Tj ET Q q 0 0 0 rg BT 126.08 743.45 Td (e ) Tj ET Q q 0 0 0 rg BT 131.63 743.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 147.41 743.45 Td (issuances) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.11 727.85 Td (corporate ) Tj ET Q q 0 0 0 rg BT 95.97 727.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 115.85 727.85 Td (is ) Tj ET Q q 0 0 0 rg BT 122.85 727.85 Td (rated ) Tj ET Q q 0 0 0 rg BT 140.50 727.85 Td (Caa1 ) Tj ET Q q 0 0 0 rg BT 158.60 727.85 Td (by ) Tj ET Q q 0 0 0 rg BT 168.27 727.85 Td (Moody's ) Tj ET Q q 0 0 0 rg BT 197.60 727.85 Td (Investors ) Tj ET Q q 0 0 0 rg BT 228.59 727.85 Td (Services ) Tj ET Q q 0 0 0 rg BT 257.36 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 270.57 727.85 Td (B- ) Tj ET Q q 0 0 0 rg BT 280.23 727.85 Td (by ) Tj ET Q q 0 0 0 rg BT 289.90 727.85 Td (Standard ) Tj ET Q q 0 0 0 rg BT 320.00 727.85 Td (& ) Tj ET Q q 0 0 0 rg BT 327.89 727.85 Td (Poor's, ) Tj ET Q q 0 0 0 rg BT 351.22 727.85 Td (both ) Tj ET Q q 0 0 0 rg BT 367.11 727.85 Td (under ) Tj ET Q q 0 0 0 rg BT 386.98 727.85 Td (review ) Tj ET Q q 0 0 0 rg BT 410.41 727.85 Td (for ) Tj ET Q q 0 0 0 rg BT 421.41 727.85 Td (downgrade. ) Tj ET Q q 0 0 0 rg BT 460.61 727.85 Td (Ratings ) Tj ET Q q 0 0 0 rg BT 486.72 727.85 Td (agencies ) Tj ET Q q 0 0 0 rg BT 515.93 727.85 Td (have ) Tj ET Q q 0 0 0 rg BT 532.69 727.85 Td (indicated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 63.71 718.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 93.85 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.22 718.25 Td (these ) Tj ET Q q 0 0 0 rg BT 120.37 718.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 143.85 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.90 718.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 185.49 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.20 718.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 235.12 718.25 Td (an ) Tj ET Q q 0 0 0 rg BT 244.38 718.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 274.52 718.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 303.34 718.25 Td (profile, ) Tj ET Q q 0 0 0 rg BT 328.37 718.25 Td (including ) Tj ET Q q 0 0 0 rg BT 360.30 718.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 400.23 718.25 Td (at ) Tj ET Q q 0 0 0 rg BT 407.71 718.25 Td (least ) Tj ET Q q 0 0 0 rg BT 424.08 718.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.02 718.25 Td (1) Tj ET Q q 0 0 0 rg BT 443.72 718.25 Td (10.0 ) Tj ET Q q 0 0 0 rg BT 459.43 718.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.54 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.25 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.63 718.25 Td (cash. ) Tj ET Q q 0 0 0 rg BT 510.43 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 517.34 718.25 Td (e ) Tj ET Q q 0 0 0 rg BT 522.60 718.25 Td (did ) Tj ET Q q 0 0 0 rg BT 534.53 718.25 Td (not ) Tj ET Q q 0 0 0 rg BT 546.47 718.25 Td (meet ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.65 Td (this ) Tj ET Q q 0 0 0 rg BT 63.09 708.65 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 91.74 708.65 Td (parameter ) Tj ET Q q 0 0 0 rg BT 125.25 708.65 Td (at ) Tj ET Q q 0 0 0 rg BT 132.56 708.65 Td (December ) Tj ET Q q 0 0 0 rg BT 166.96 708.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 178.50 708.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 198.04 708.65 Td (and ) Tj ET Q q 0 0 0 rg BT 211.12 708.65 Td (will ) Tj ET Q q 0 0 0 rg BT 225.10 708.65 Td (be ) Tj ET Q q 0 0 0 rg BT 234.19 708.65 Td (unable ) Tj ET Q q 0 0 0 rg BT 257.05 708.65 Td (to ) Tj ET Q q 0 0 0 rg BT 264.80 708.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 281.89 708.65 Td (this ) Tj ET Q q 0 0 0 rg BT 294.98 708.65 Td (parameter ) Tj ET Q q 0 0 0 rg BT 328.49 708.65 Td (in ) Tj ET Q q 0 0 0 rg BT 336.25 708.65 Td (the ) Tj ET Q q 0 0 0 rg BT 347.56 708.65 Td (next ) Tj ET Q q 0 0 0 rg BT 362.87 708.65 Td (twelve ) Tj ET Q q 0 0 0 rg BT 385.73 708.65 Td (months ) Tj ET Q q 0 0 0 rg BT 410.82 708.65 Td (if ) Tj ET Q q 0 0 0 rg BT 417.24 708.65 Td (we ) Tj ET Q q 0 0 0 rg BT 428.11 708.65 Td (are ) Tj ET Q q 0 0 0 rg BT 439.41 708.65 Td (unable ) Tj ET Q q 0 0 0 rg BT 462.27 708.65 Td (to ) Tj ET Q q 0 0 0 rg BT 470.02 708.65 Td (complete ) Tj ET Q q 0 0 0 rg BT 500.88 708.65 Td (the ) Tj ET Q q 0 0 0 rg BT 512.19 708.65 Td (Rights ) Tj ET Q q 0 0 0 rg BT 534.62 708.65 Td (Of) Tj ET Q q 0 0 0 rg BT 542.91 708.65 Td (fering ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.05 Td (and ) Tj ET Q q 0 0 0 rg BT 63.73 699.05 Td (related ) Tj ET Q q 0 0 0 rg BT 87.67 699.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 120.06 699.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 160.45 699.05 Td (with ) Tj ET Q q 0 0 0 rg BT 176.69 699.05 Td (T) Tj ET Q q 0 0 0 rg BT 181.30 699.05 Td (ime ) Tj ET Q q 0 0 0 rg BT 195.32 699.05 Td (W) Tj ET Q q 0 0 0 rg BT 202.23 699.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 220.83 699.05 Td (or ) Tj ET Q q 0 0 0 rg BT 229.68 699.05 Td (cannot ) Tj ET Q q 0 0 0 rg BT 253.18 699.05 Td (secure ) Tj ET Q q 0 0 0 rg BT 275.79 699.05 Td (other ) Tj ET Q q 0 0 0 rg BT 294.41 699.05 Td (financing, ) Tj ET Q q 0 0 0 rg BT 328.79 699.05 Td (in ) Tj ET Q q 0 0 0 rg BT 337.20 699.05 Td (which ) Tj ET Q q 0 0 0 rg BT 358.93 699.05 Td (case ) Tj ET Q q 0 0 0 rg BT 374.87 699.05 Td (it ) Tj ET Q q 0 0 0 rg BT 381.49 699.05 Td (is ) Tj ET Q q 0 0 0 rg BT 389.01 699.05 Td (likely ) Tj ET Q q 0 0 0 rg BT 409.41 699.05 Td (that ) Tj ET Q q 0 0 0 rg BT 423.58 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.53 699.05 Td (rating ) Tj ET Q q 0 0 0 rg BT 456.37 699.05 Td (agencies ) Tj ET Q q 0 0 0 rg BT 486.09 699.05 Td (will ) Tj ET Q q 0 0 0 rg BT 500.71 699.05 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 538.44 699.05 Td (us. ) Tj ET Q q 0 0 0 rg BT 549.57 699.05 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.45 Td (availability ) Tj ET Q q 0 0 0 rg BT 88.08 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 96.83 689.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.91 689.45 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 160.11 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 167.53 689.45 Td (dependent ) Tj ET Q q 0 0 0 rg BT 202.49 689.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 220.58 689.45 Td (our ) Tj ET Q q 0 0 0 rg BT 233.33 689.45 Td (continued ) Tj ET Q q 0 0 0 rg BT 266.96 689.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 299.26 689.45 Td (performance, ) Tj ET Q q 0 0 0 rg BT 343.76 689.45 Td (improved ) Tj ET Q q 0 0 0 rg BT 376.51 689.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 406.58 689.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 449.09 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 462.73 689.45 Td (credit ) Tj ET Q q 0 0 0 rg BT 483.02 689.45 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 508.73 689.45 Td (W) Tj ET Q q 0 0 0 rg BT 515.64 689.45 Td (e ) Tj ET Q q 0 0 0 rg BT 521.28 689.45 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 689.45 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.85 Td (able ) Tj ET Q q 0 0 0 rg BT 65.41 679.85 Td (to ) Tj ET Q q 0 0 0 rg BT 73.71 679.85 Td (raise ) Tj ET Q q 0 0 0 rg BT 90.90 679.85 Td (only ) Tj ET Q q 0 0 0 rg BT 107.21 679.85 Td (a ) Tj ET Q q 0 0 0 rg BT 112.84 679.85 Td (limited ) Tj ET Q q 0 0 0 rg BT 137.59 679.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.67 679.85 Td (of ) Tj ET Q q 0 0 0 rg BT 172.42 679.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 206.49 679.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 222.35 679.85 Td (under ) Tj ET Q q 0 0 0 rg BT 242.65 679.85 Td (our ) Tj ET Q q 0 0 0 rg BT 255.40 679.85 Td (indentures ) Tj ET Q q 0 0 0 rg BT 290.81 679.85 Td (for ) Tj ET Q q 0 0 0 rg BT 302.22 679.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.08 679.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 332.16 679.85 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 352.47 679.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 369.21 679.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 389.96 679.85 Td (and ) Tj ET Q q 0 0 0 rg BT 403.59 679.85 Td (2017 ) Tj ET Q q 0 0 0 rg BT 421.68 679.85 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 441.98 679.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 458.73 679.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 479.48 679.85 Td (but ) Tj ET Q q 0 0 0 rg BT 491.78 679.85 Td (there ) Tj ET Q q 0 0 0 rg BT 509.86 679.85 Td (are ) Tj ET Q q 0 0 0 rg BT 521.71 679.85 Td (no ) Tj ET Q q 0 0 0 rg BT 531.79 679.85 Td (indenture ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (constraints ) Tj ET Q q 0 0 0 rg BT 86.66 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 96.66 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 109.32 670.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 131.77 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.99 670.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 171.74 670.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 199.07 670.25 Td (debt.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 651.65 Td (Cr) Tj ET Q q 0 0 0 rg BT 58.15 651.65 Td (edit ) Tj ET Q q 0 0 0 rg BT 72.15 651.65 Td (risk ) Tj ET Q q 0 0 0 rg BT 86.15 651.65 Td (of ) Tj ET Q q 0 0 0 rg BT 94.37 651.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.81 651.65 Td (counterparties) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 636.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 636.05 Td (e ) Tj ET Q q 0 0 0 rg BT 62.46 636.05 Td (have ) Tj ET Q q 0 0 0 rg BT 79.56 636.05 Td (entered ) Tj ET Q q 0 0 0 rg BT 105.10 636.05 Td (into ) Tj ET Q q 0 0 0 rg BT 119.55 636.05 Td (a ) Tj ET Q q 0 0 0 rg BT 125.10 636.05 Td (number ) Tj ET Q q 0 0 0 rg BT 151.54 636.05 Td (of ) Tj ET Q q 0 0 0 rg BT 160.20 636.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 195.97 636.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 226.84 636.05 Td (with ) Tj ET Q q 0 0 0 rg BT 243.07 636.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.05 636.05 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 320.36 636.05 Td (as ) Tj ET Q q 0 0 0 rg BT 329.03 636.05 Td (follows:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 617.45 Td (Inter) Tj ET Q q 0 0 0 rg BT 67.18 617.45 Td (est ) Tj ET Q q 0 0 0 rg BT 78.51 617.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 96.50 617.45 Td (Swap) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 601.85 Td (On ) Tj ET Q q 0 0 0 rg BT 61.90 601.85 Td (February ) Tj ET Q q 0 0 0 rg BT 92.89 601.85 Td (9, ) Tj ET Q q 0 0 0 rg BT 101.01 601.85 Td (2010, ) Tj ET Q q 0 0 0 rg BT 121.13 601.85 Td (we ) Tj ET Q q 0 0 0 rg BT 132.58 601.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 158.23 601.85 Td (into ) Tj ET Q q 0 0 0 rg BT 172.80 601.85 Td (an ) Tj ET Q q 0 0 0 rg BT 182.46 601.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.13 601.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 222.24 601.85 Td (swap ) Tj ET Q q 0 0 0 rg BT 240.80 601.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 276.23 601.85 Td (with ) Tj ET Q q 0 0 0 rg BT 292.57 601.85 Td (UniCredit ) Tj ET Q q 0 0 0 rg BT 326.68 601.85 Td (Bank ) Tj ET Q q 0 0 0 rg BT 345.69 601.85 Td (Czech ) Tj ET Q q 0 0 0 rg BT 367.79 601.85 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 400.79 601.85 Td (a.s. ) Tj ET Q q 0 0 0 rg BT 413.58 601.85 Td (and ) Tj ET Q q 0 0 0 rg BT 427.25 601.85 Td (Ceska ) Tj ET Q q 0 0 0 rg BT 448.91 601.85 Td (Sporitelna, ) Tj ET Q q 0 0 0 rg BT 485.92 601.85 Td (a.s.to ) Tj ET Q q 0 0 0 rg BT 504.92 601.85 Td (reduce ) Tj ET Q q 0 0 0 rg BT 528.35 601.85 Td (the ) Tj ET Q q 0 0 0 rg BT 540.25 601.85 Td (impact ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 58.14 592.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 88.95 592.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 113.98 592.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 130.56 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 140.04 592.25 Td (our ) Tj ET Q q 0 0 0 rg BT 152.18 592.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 187.44 592.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 226.25 592.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 252.61 592.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 266.08 592.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 281.34 592.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 295.70 592.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 311.84 592.25 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.32 592.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 336.35 592.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 347.83 592.25 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 382.34 592.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 421.60 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.63 592.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 448.89 592.25 Td (V) Tj ET Q q 0 0 0 rg BT 453.78 592.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 468.58 592.25 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 592.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 524.54 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 538.46 592.25 Td (interest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 582.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 63.99 582.65 Td (swap ) Tj ET Q q 0 0 0 rg BT 82.43 582.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 117.74 582.65 Td (expired ) Tj ET Q q 0 0 0 rg BT 143.73 582.65 Td (on ) Tj ET Q q 0 0 0 rg BT 153.29 582.65 Td (April ) Tj ET Q q 0 0 0 rg BT 172.18 582.65 Td (15, ) Tj ET Q q 0 0 0 rg BT 184.18 582.65 Td (2013.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 564.05 Td (Cash ) Tj ET Q q 0 0 0 rg BT 69.34 564.05 Td (Deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 548.45 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 548.45 Td (e ) Tj ET Q q 0 0 0 rg BT 62.00 548.45 Td (deposit ) Tj ET Q q 0 0 0 rg BT 86.65 548.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 102.41 548.45 Td (in ) Tj ET Q q 0 0 0 rg BT 110.18 548.45 Td (the ) Tj ET Q q 0 0 0 rg BT 121.49 548.45 Td (global ) Tj ET Q q 0 0 0 rg BT 143.03 548.45 Td (money ) Tj ET Q q 0 0 0 rg BT 166.34 548.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 193.21 548.45 Td (with ) Tj ET Q q 0 0 0 rg BT 208.98 548.45 Td (a ) Tj ET Q q 0 0 0 rg BT 214.07 548.45 Td (range ) Tj ET Q q 0 0 0 rg BT 233.38 548.45 Td (of ) Tj ET Q q 0 0 0 rg BT 241.58 548.45 Td (bank ) Tj ET Q q 0 0 0 rg BT 258.67 548.45 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 305.53 548.45 Td (and ) Tj ET Q q 0 0 0 rg BT 318.62 548.45 Td (review ) Tj ET Q q 0 0 0 rg BT 341.93 548.45 Td (the ) Tj ET Q q 0 0 0 rg BT 353.25 548.45 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 400.10 548.45 Td (we ) Tj ET Q q 0 0 0 rg BT 410.97 548.45 Td (choose ) Tj ET Q q 0 0 0 rg BT 434.73 548.45 Td (weekly) Tj ET Q q 0 0 0 rg BT 457.31 548.45 Td (. ) Tj ET Q q 0 0 0 rg BT 460.74 548.45 Td (The ) Tj ET Q q 0 0 0 rg BT 474.72 548.45 Td (maximum ) Tj ET Q q 0 0 0 rg BT 508.70 548.45 Td (period ) Tj ET Q q 0 0 0 rg BT 530.68 548.45 Td (of ) Tj ET Q q 0 0 0 rg BT 538.89 548.45 Td (deposit ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 538.85 Td (is ) Tj ET Q q 0 0 0 rg BT 57.06 538.85 Td (three ) Tj ET Q q 0 0 0 rg BT 74.78 538.85 Td (months ) Tj ET Q q 0 0 0 rg BT 100.06 538.85 Td (but ) Tj ET Q q 0 0 0 rg BT 112.01 538.85 Td (we ) Tj ET Q q 0 0 0 rg BT 123.07 538.85 Td (have ) Tj ET Q q 0 0 0 rg BT 139.89 538.85 Td (more ) Tj ET Q q 0 0 0 rg BT 158.06 538.85 Td (recently ) Tj ET Q q 0 0 0 rg BT 185.55 538.85 Td (held ) Tj ET Q q 0 0 0 rg BT 201.05 538.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 229.88 538.85 Td (on ) Tj ET Q q 0 0 0 rg BT 239.61 538.85 Td (deposit ) Tj ET Q q 0 0 0 rg BT 264.45 538.85 Td (for ) Tj ET Q q 0 0 0 rg BT 275.50 538.85 Td (shorter ) Tj ET Q q 0 0 0 rg BT 299.44 538.85 Td (periods, ) Tj ET Q q 0 0 0 rg BT 326.72 538.85 Td (from ) Tj ET Q q 0 0 0 rg BT 344.00 538.85 Td (overnight ) Tj ET Q q 0 0 0 rg BT 376.38 538.85 Td (to ) Tj ET Q q 0 0 0 rg BT 384.33 538.85 Td (one ) Tj ET Q q 0 0 0 rg BT 397.61 538.85 Td (month. ) Tj ET Q q 0 0 0 rg BT 421.66 538.85 Td (The ) Tj ET Q q 0 0 0 rg BT 435.82 538.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.76 538.85 Td (rating ) Tj ET Q q 0 0 0 rg BT 476.14 538.85 Td (of ) Tj ET Q q 0 0 0 rg BT 484.54 538.85 Td (a ) Tj ET Q q 0 0 0 rg BT 489.81 538.85 Td (bank ) Tj ET Q q 0 0 0 rg BT 507.09 538.85 Td (is ) Tj ET Q q 0 0 0 rg BT 514.15 538.85 Td (a ) Tj ET Q q 0 0 0 rg BT 519.43 538.85 Td (critical ) Tj ET Q q 0 0 0 rg BT 543.36 538.85 Td (factor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (in ) Tj ET Q q 0 0 0 rg BT 58.01 529.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 98.45 529.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.01 529.25 Td (size ) Tj ET Q q 0 0 0 rg BT 124.23 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.68 529.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.68 529.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 176.69 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.02 529.25 Td (we ) Tj ET Q q 0 0 0 rg BT 201.14 529.25 Td (will ) Tj ET Q q 0 0 0 rg BT 215.37 529.25 Td (only ) Tj ET Q q 0 0 0 rg BT 231.38 529.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 256.27 529.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.27 529.25 Td (with ) Tj ET Q q 0 0 0 rg BT 288.28 529.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 308.73 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.18 529.25 Td (an ) Tj ET Q q 0 0 0 rg BT 326.51 529.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 363.40 529.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 382.95 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.01 529.25 Td (A) Tj ET Q q 0 0 0 rg BT 396.34 529.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.13 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 406.18 529.25 Td (A2 ) Tj ET Q q 0 0 0 rg BT 417.75 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 426.20 529.25 Td (higher) Tj ET Q q 0 0 0 rg BT 446.19 529.25 Td (. ) Tj ET Q q 0 0 0 rg BT 449.98 529.25 Td (In ) Tj ET Q q 0 0 0 rg BT 458.43 529.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 486.43 529.25 Td (we ) Tj ET Q q 0 0 0 rg BT 497.54 529.25 Td (also ) Tj ET Q q 0 0 0 rg BT 512.22 529.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 536.66 529.25 Td (monitor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 519.65 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 519.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 81.98 519.65 Td (default ) Tj ET Q q 0 0 0 rg BT 106.20 519.65 Td (swap ) Tj ET Q q 0 0 0 rg BT 124.64 519.65 Td (spreads ) Tj ET Q q 0 0 0 rg BT 150.63 519.65 Td (and ) Tj ET Q q 0 0 0 rg BT 164.18 519.65 Td (other ) Tj ET Q q 0 0 0 rg BT 182.62 519.65 Td (market ) Tj ET Q q 0 0 0 rg BT 206.83 519.65 Td (information ) Tj ET Q q 0 0 0 rg BT 246.60 519.65 Td (for ) Tj ET Q q 0 0 0 rg BT 257.93 519.65 Td (each ) Tj ET Q q 0 0 0 rg BT 274.58 519.65 Td (of ) Tj ET Q q 0 0 0 rg BT 283.24 519.65 Td (the ) Tj ET Q q 0 0 0 rg BT 295.02 519.65 Td (banks ) Tj ET Q q 0 0 0 rg BT 315.68 519.65 Td (with ) Tj ET Q q 0 0 0 rg BT 331.90 519.65 Td (which ) Tj ET Q q 0 0 0 rg BT 353.45 519.65 Td (we ) Tj ET Q q 0 0 0 rg BT 364.78 519.65 Td (consider ) Tj ET Q q 0 0 0 rg BT 393.88 519.65 Td (depositing ) Tj ET Q q 0 0 0 rg BT 429.21 519.65 Td (or ) Tj ET Q q 0 0 0 rg BT 437.88 519.65 Td (have ) Tj ET Q q 0 0 0 rg BT 454.98 519.65 Td (deposited ) Tj ET Q q 0 0 0 rg BT 487.64 519.65 Td (funds.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 498.05 Td (III\(e\) ) Tj ET Q q 0 0 0 rg BT 77.00 498.05 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 120.32 498.05 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 140.55 498.05 Td (Arrangements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 482.45 Td (None.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 460.85 Td (IV) Tj ET Q q 0 0 0 rg BT 57.86 460.85 Td (. ) Tj ET Q q 0 0 0 rg BT 77.00 460.85 Td (Critical ) Tj ET Q q 0 0 0 rg BT 104.77 460.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 145.88 460.85 Td (Policies ) Tj ET Q q 0 0 0 rg BT 173.65 460.85 Td (and ) Tj ET Q q 0 0 0 rg BT 188.55 460.85 Td (Estimates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.23 445.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 101.12 445.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 127.79 445.25 Td (af) Tj ET Q q 0 0 0 rg BT 133.87 445.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 157.87 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 170.32 445.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 200.10 445.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 232.11 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.45 445.25 Td (results ) Tj ET Q q 0 0 0 rg BT 268.13 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.58 445.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.70 445.25 Td (are ) Tj ET Q q 0 0 0 rg BT 323.25 445.25 Td (more ) Tj ET Q q 0 0 0 rg BT 341.48 445.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 358.38 445.25 Td (described ) Tj ET Q q 0 0 0 rg BT 390.83 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.84 445.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 416.18 445.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 421.97 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.99 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.44 445.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 484.67 445.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.44 445.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 550.00 445.25 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 435.65 Td (are ) Tj ET Q q 0 0 0 rg BT 61.65 435.65 Td (included ) Tj ET Q q 0 0 0 rg BT 91.08 435.65 Td (in ) Tj ET Q q 0 0 0 rg BT 99.18 435.65 Td (Item ) Tj ET Q q 0 0 0 rg BT 115.73 435.65 Td (8. ) Tj ET Q q 0 0 0 rg BT 123.47 435.65 Td (The ) Tj ET Q q 0 0 0 rg BT 137.79 435.65 Td (preparation ) Tj ET Q q 0 0 0 rg BT 176.10 435.65 Td (of ) Tj ET Q q 0 0 0 rg BT 184.65 435.65 Td (these ) Tj ET Q q 0 0 0 rg BT 202.97 435.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 232.84 435.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 268.49 435.65 Td (requires ) Tj ET Q q 0 0 0 rg BT 296.14 435.65 Td (us ) Tj ET Q q 0 0 0 rg BT 305.13 435.65 Td (to ) Tj ET Q q 0 0 0 rg BT 313.24 435.65 Td (make ) Tj ET Q q 0 0 0 rg BT 332.45 435.65 Td (judgments ) Tj ET Q q 0 0 0 rg BT 367.66 435.65 Td (in ) Tj ET Q q 0 0 0 rg BT 375.77 435.65 Td (selecting ) Tj ET Q q 0 0 0 rg BT 406.08 435.65 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 444.39 435.65 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 485.83 435.65 Td (for ) Tj ET Q q 0 0 0 rg BT 497.04 435.65 Td (calculating ) Tj ET Q q 0 0 0 rg BT 534.02 435.65 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 426.05 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 83.65 426.05 Td (which ) Tj ET Q q 0 0 0 rg BT 105.09 426.05 Td (inherently ) Tj ET Q q 0 0 0 rg BT 139.41 426.05 Td (contain ) Tj ET Q q 0 0 0 rg BT 164.84 426.05 Td (some ) Tj ET Q q 0 0 0 rg BT 183.61 426.05 Td (degree ) Tj ET Q q 0 0 0 rg BT 206.81 426.05 Td (of ) Tj ET Q q 0 0 0 rg BT 215.36 426.05 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 250.83 426.05 Td (. ) Tj ET Q q 0 0 0 rg BT 254.57 426.05 Td (W) Tj ET Q q 0 0 0 rg BT 261.48 426.05 Td (e ) Tj ET Q q 0 0 0 rg BT 266.92 426.05 Td (base ) Tj ET Q q 0 0 0 rg BT 283.02 426.05 Td (our ) Tj ET Q q 0 0 0 rg BT 295.57 426.05 Td (estimates ) Tj ET Q q 0 0 0 rg BT 327.22 426.05 Td (on ) Tj ET Q q 0 0 0 rg BT 337.11 426.05 Td (historical ) Tj ET Q q 0 0 0 rg BT 368.76 426.05 Td (experience ) Tj ET Q q 0 0 0 rg BT 405.29 426.05 Td (and ) Tj ET Q q 0 0 0 rg BT 418.72 426.05 Td (on ) Tj ET Q q 0 0 0 rg BT 428.61 426.05 Td (various ) Tj ET Q q 0 0 0 rg BT 454.04 426.05 Td (other ) Tj ET Q q 0 0 0 rg BT 472.37 426.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 513.81 426.05 Td (that ) Tj ET Q q 0 0 0 rg BT 527.69 426.05 Td (we ) Tj ET Q q 0 0 0 rg BT 538.90 426.05 Td (believe ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 416.45 Td (to ) Tj ET Q q 0 0 0 rg BT 57.81 416.45 Td (be ) Tj ET Q q 0 0 0 rg BT 66.95 416.45 Td (reasonable. ) Tj ET Q q 0 0 0 rg BT 104.75 416.45 Td (Using ) Tj ET Q q 0 0 0 rg BT 125.45 416.45 Td (these ) Tj ET Q q 0 0 0 rg BT 143.48 416.45 Td (estimates ) Tj ET Q q 0 0 0 rg BT 174.84 416.45 Td (we ) Tj ET Q q 0 0 0 rg BT 185.75 416.45 Td (make ) Tj ET Q q 0 0 0 rg BT 204.67 416.45 Td (judgments ) Tj ET Q q 0 0 0 rg BT 239.59 416.45 Td (about ) Tj ET Q q 0 0 0 rg BT 258.95 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 270.32 416.45 Td (carrying ) Tj ET Q q 0 0 0 rg BT 298.56 416.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 327.26 416.45 Td (of ) Tj ET Q q 0 0 0 rg BT 335.51 416.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.77 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 368.91 416.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 400.27 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 413.41 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 424.77 416.45 Td (reported ) Tj ET Q q 0 0 0 rg BT 453.02 416.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 481.71 416.45 Td (of ) Tj ET Q q 0 0 0 rg BT 489.97 416.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 519.99 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 533.13 416.45 Td (expenses ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 406.85 Td (that ) Tj ET Q q 0 0 0 rg BT 64.00 406.85 Td (are ) Tj ET Q q 0 0 0 rg BT 75.76 406.85 Td (not ) Tj ET Q q 0 0 0 rg BT 87.98 406.85 Td (readily ) Tj ET Q q 0 0 0 rg BT 112.20 406.85 Td (apparent ) Tj ET Q q 0 0 0 rg BT 141.73 406.85 Td (from ) Tj ET Q q 0 0 0 rg BT 159.29 406.85 Td (other ) Tj ET Q q 0 0 0 rg BT 177.72 406.85 Td (sources. ) Tj ET Q q 0 0 0 rg BT 205.27 406.85 Td (Actual ) Tj ET Q q 0 0 0 rg BT 228.60 406.85 Td (results ) Tj ET Q q 0 0 0 rg BT 251.48 406.85 Td (may ) Tj ET Q q 0 0 0 rg BT 267.26 406.85 Td (dif) Tj ET Q q 0 0 0 rg BT 276.00 406.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 286.88 406.85 Td (from ) Tj ET Q q 0 0 0 rg BT 304.43 406.85 Td (these ) Tj ET Q q 0 0 0 rg BT 322.87 406.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 354.64 406.85 Td (under ) Tj ET Q q 0 0 0 rg BT 374.85 406.85 Td (dif) Tj ET Q q 0 0 0 rg BT 383.59 406.85 Td (ferent ) Tj ET Q q 0 0 0 rg BT 404.25 406.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 445.80 406.85 Td (or ) Tj ET Q q 0 0 0 rg BT 454.47 406.85 Td (conditions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 391.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 391.25 Td (e ) Tj ET Q q 0 0 0 rg BT 62.79 391.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 88.22 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.33 391.25 Td (following ) Tj ET Q q 0 0 0 rg BT 133.77 391.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 158.30 391.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 195.73 391.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 222.95 391.25 Td (af) Tj ET Q q 0 0 0 rg BT 229.02 391.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 243.34 391.25 Td (our ) Tj ET Q q 0 0 0 rg BT 256.33 391.25 Td (more ) Tj ET Q q 0 0 0 rg BT 275.10 391.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 311.20 391.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 346.86 391.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.75 391.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 392.85 391.25 Td (used ) Tj ET Q q 0 0 0 rg BT 409.84 391.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.39 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.50 391.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 469.26 391.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.25 391.25 Td (our ) Tj ET Q q 0 0 0 rg BT 491.25 391.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 534.01 391.25 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.65 Td (statements.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 363.05 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.70 363.05 Td (ogram ) Tj ET Q q 0 0 0 rg BT 80.59 363.05 Td (Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 347.45 Td (Program ) Tj ET Q q 0 0 0 rg BT 79.75 347.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 100.17 347.45 Td (consist ) Tj ET Q q 0 0 0 rg BT 124.60 347.45 Td (of ) Tj ET Q q 0 0 0 rg BT 133.46 347.45 Td (programming ) Tj ET Q q 0 0 0 rg BT 179.21 347.45 Td (\(film ) Tj ET Q q 0 0 0 rg BT 197.40 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 211.16 347.45 Td (television\) ) Tj ET Q q 0 0 0 rg BT 247.13 347.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 276.86 347.45 Td (from ) Tj ET Q q 0 0 0 rg BT 294.62 347.45 Td (third ) Tj ET Q q 0 0 0 rg BT 311.92 347.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 335.45 347.45 Td (and ) Tj ET Q q 0 0 0 rg BT 349.20 347.45 Td (produced ) Tj ET Q q 0 0 0 rg BT 381.17 347.45 Td (locally) Tj ET Q q 0 0 0 rg BT 402.42 347.45 Td (, ) Tj ET Q q 0 0 0 rg BT 406.62 347.45 Td (which ) Tj ET Q q 0 0 0 rg BT 428.37 347.45 Td (together ) Tj ET Q q 0 0 0 rg BT 456.78 347.45 Td (form ) Tj ET Q q 0 0 0 rg BT 474.53 347.45 Td (an ) Tj ET Q q 0 0 0 rg BT 484.28 347.45 Td (important ) Tj ET Q q 0 0 0 rg BT 517.59 347.45 Td (component ) Tj ET Q q 0 0 0 rg BT 555.33 347.45 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 337.85 Td (our ) Tj ET Q q 0 0 0 rg BT 63.02 337.85 Td (station ) Tj ET Q q 0 0 0 rg BT 86.71 337.85 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 129.95 337.85 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 164.89 337.85 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 197.01 337.85 Td (program ) Tj ET Q q 0 0 0 rg BT 226.47 337.85 Td (rights ) Tj ET Q q 0 0 0 rg BT 247.05 337.85 Td (and ) Tj ET Q q 0 0 0 rg BT 260.96 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 273.09 337.85 Td (related ) Tj ET Q q 0 0 0 rg BT 297.21 337.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 329.34 337.85 Td (are ) Tj ET Q q 0 0 0 rg BT 341.47 337.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 371.81 337.85 Td (at ) Tj ET Q q 0 0 0 rg BT 379.94 337.85 Td (their ) Tj ET Q q 0 0 0 rg BT 396.96 337.85 Td (gross ) Tj ET Q q 0 0 0 rg BT 416.21 337.85 Td (value ) Tj ET Q q 0 0 0 rg BT 435.89 337.85 Td (when ) Tj ET Q q 0 0 0 rg BT 455.58 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 467.71 337.85 Td (license ) Tj ET Q q 0 0 0 rg BT 492.28 337.85 Td (period ) Tj ET Q q 0 0 0 rg BT 515.07 337.85 Td (begins ) Tj ET Q q 0 0 0 rg BT 538.32 337.85 Td (and ) Tj ET Q q 0 0 0 rg BT 552.23 337.85 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 82.09 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 93.74 328.25 Td (available ) Tj ET Q q 0 0 0 rg BT 124.49 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 135.70 328.25 Td (use. ) Tj ET Q q 0 0 0 rg BT 150.10 328.25 Td (Where ) Tj ET Q q 0 0 0 rg BT 173.30 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.95 328.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 205.49 328.25 Td (airing ) Tj ET Q q 0 0 0 rg BT 226.03 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.58 328.25 Td (content ) Tj ET Q q 0 0 0 rg BT 260.00 328.25 Td (allowed ) Tj ET Q q 0 0 0 rg BT 287.20 328.25 Td (by ) Tj ET Q q 0 0 0 rg BT 297.08 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.51 328.25 Td (license ) Tj ET Q q 0 0 0 rg BT 326.60 328.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.82 328.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 364.12 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.22 328.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 398.54 328.25 Td (more ) Tj ET Q q 0 0 0 rg BT 416.86 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 436.06 328.25 Td (than ) Tj ET Q q 0 0 0 rg BT 451.71 328.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 489.14 328.25 Td (airings, ) Tj ET Q q 0 0 0 rg BT 514.79 328.25 Td (program ) Tj ET Q q 0 0 0 rg BT 543.77 328.25 Td (rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 318.65 Td (are ) Tj ET Q q 0 0 0 rg BT 61.79 318.65 Td (amortized ) Tj ET Q q 0 0 0 rg BT 95.79 318.65 Td (over ) Tj ET Q q 0 0 0 rg BT 112.03 318.65 Td (their ) Tj ET Q q 0 0 0 rg BT 128.71 318.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 159.16 318.65 Td (useful ) Tj ET Q q 0 0 0 rg BT 180.73 318.65 Td (lives ) Tj ET Q q 0 0 0 rg BT 197.86 318.65 Td (in ) Tj ET Q q 0 0 0 rg BT 206.11 318.65 Td (a ) Tj ET Q q 0 0 0 rg BT 211.68 318.65 Td (manner ) Tj ET Q q 0 0 0 rg BT 237.69 318.65 Td (which ) Tj ET Q q 0 0 0 rg BT 259.26 318.65 Td (reflects ) Tj ET Q q 0 0 0 rg BT 284.82 318.65 Td (the ) Tj ET Q q 0 0 0 rg BT 296.62 318.65 Td (pattern ) Tj ET Q q 0 0 0 rg BT 320.85 318.65 Td (we ) Tj ET Q q 0 0 0 rg BT 332.20 318.65 Td (expect ) Tj ET Q q 0 0 0 rg BT 355.09 318.65 Td (to ) Tj ET Q q 0 0 0 rg BT 363.34 318.65 Td (use ) Tj ET Q q 0 0 0 rg BT 376.02 318.65 Td (and ) Tj ET Q q 0 0 0 rg BT 389.60 318.65 Td (benefit ) Tj ET Q q 0 0 0 rg BT 413.83 318.65 Td (from ) Tj ET Q q 0 0 0 rg BT 431.40 318.65 Td (the ) Tj ET Q q 0 0 0 rg BT 443.20 318.65 Td (programming. ) Tj ET Q q 0 0 0 rg BT 490.62 318.65 Td (These ) Tj ET Q q 0 0 0 rg BT 511.74 318.65 Td (films ) Tj ET Q q 0 0 0 rg BT 530.21 318.65 Td (and ) Tj ET Q q 0 0 0 rg BT 543.78 318.65 Td (series ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 309.05 Td (are ) Tj ET Q q 0 0 0 rg BT 61.73 309.05 Td (amortized ) Tj ET Q q 0 0 0 rg BT 95.67 309.05 Td (with ) Tj ET Q q 0 0 0 rg BT 111.86 309.05 Td (the ) Tj ET Q q 0 0 0 rg BT 123.59 309.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 165.98 309.05 Td (char) Tj ET Q q 0 0 0 rg BT 179.60 309.05 Td (ged ) Tj ET Q q 0 0 0 rg BT 193.11 309.05 Td (in ) Tj ET Q q 0 0 0 rg BT 201.30 309.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 225.91 309.05 Td (of ) Tj ET Q q 0 0 0 rg BT 234.54 309.05 Td (each ) Tj ET Q q 0 0 0 rg BT 251.15 309.05 Td (airing ) Tj ET Q q 0 0 0 rg BT 271.77 309.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 306.15 309.05 Td (in ) Tj ET Q q 0 0 0 rg BT 314.34 309.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 352.27 309.05 Td (with ) Tj ET Q q 0 0 0 rg BT 368.45 309.05 Td (a ) Tj ET Q q 0 0 0 rg BT 373.96 309.05 Td (schedule ) Tj ET Q q 0 0 0 rg BT 403.91 309.05 Td (that ) Tj ET Q q 0 0 0 rg BT 417.87 309.05 Td (reflects ) Tj ET Q q 0 0 0 rg BT 443.37 309.05 Td (our ) Tj ET Q q 0 0 0 rg BT 455.99 309.05 Td (estimate ) Tj ET Q q 0 0 0 rg BT 484.61 309.05 Td (of ) Tj ET Q q 0 0 0 rg BT 493.23 309.05 Td (the ) Tj ET Q q 0 0 0 rg BT 504.97 309.05 Td (relative ) Tj ET Q q 0 0 0 rg BT 530.91 309.05 Td (economic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 299.45 Td (value ) Tj ET Q q 0 0 0 rg BT 69.32 299.45 Td (of ) Tj ET Q q 0 0 0 rg BT 77.99 299.45 Td (each ) Tj ET Q q 0 0 0 rg BT 94.64 299.45 Td (run. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 283.85 Td (The ) Tj ET Q q 0 0 0 rg BT 64.09 283.85 Td (program ) Tj ET Q q 0 0 0 rg BT 92.84 283.85 Td (library ) Tj ET Q q 0 0 0 rg BT 115.81 283.85 Td (is ) Tj ET Q q 0 0 0 rg BT 122.80 283.85 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 155.10 283.85 Td (at ) Tj ET Q q 0 0 0 rg BT 162.52 283.85 Td (least ) Tj ET Q q 0 0 0 rg BT 178.83 283.85 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 209.36 283.85 Td (to ) Tj ET Q q 0 0 0 rg BT 217.23 283.85 Td (determine ) Tj ET Q q 0 0 0 rg BT 250.87 283.85 Td (if ) Tj ET Q q 0 0 0 rg BT 257.40 283.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 287.48 283.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 317.56 283.85 Td (are ) Tj ET Q q 0 0 0 rg BT 328.98 283.85 Td (suf) Tj ET Q q 0 0 0 rg BT 338.61 283.85 Td (ficient ) Tj ET Q q 0 0 0 rg BT 360.69 283.85 Td (to ) Tj ET Q q 0 0 0 rg BT 368.57 283.85 Td (cover ) Tj ET Q q 0 0 0 rg BT 387.98 283.85 Td (the ) Tj ET Q q 0 0 0 rg BT 399.41 283.85 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 441.04 283.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 465.80 283.85 Td (of ) Tj ET Q q 0 0 0 rg BT 474.12 283.85 Td (each ) Tj ET Q q 0 0 0 rg BT 490.42 283.85 Td (program. ) Tj ET Q q 0 0 0 rg BT 521.05 283.85 Td (T) Tj ET Q q 0 0 0 rg BT 525.38 283.85 Td (o ) Tj ET Q q 0 0 0 rg BT 531.03 283.85 Td (the ) Tj ET Q q 0 0 0 rg BT 542.45 283.85 Td (extent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (that ) Tj ET Q q 0 0 0 rg BT 63.97 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.72 274.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 106.12 274.25 Td (we ) Tj ET Q q 0 0 0 rg BT 117.43 274.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 140.28 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.47 274.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 164.21 274.25 Td (from ) Tj ET Q q 0 0 0 rg BT 181.74 274.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 224.59 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.11 274.25 Td (program ) Tj ET Q q 0 0 0 rg BT 259.19 274.25 Td (are ) Tj ET Q q 0 0 0 rg BT 270.93 274.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 291.12 274.25 Td (than ) Tj ET Q q 0 0 0 rg BT 306.87 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.62 274.25 Td (book ) Tj ET Q q 0 0 0 rg BT 336.59 274.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 357.89 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.64 274.25 Td (program ) Tj ET Q q 0 0 0 rg BT 398.71 274.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 418.91 274.25 Td (are ) Tj ET Q q 0 0 0 rg BT 430.65 274.25 Td (written ) Tj ET Q q 0 0 0 rg BT 455.29 274.25 Td (down ) Tj ET Q q 0 0 0 rg BT 475.04 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.23 274.25 Td (their ) Tj ET Q q 0 0 0 rg BT 499.87 274.25 Td (net ) Tj ET Q q 0 0 0 rg BT 511.62 274.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 544.68 274.25 Td (value ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 264.65 Td (by ) Tj ET Q q 0 0 0 rg BT 60.40 264.65 Td (way ) Tj ET Q q 0 0 0 rg BT 76.12 264.65 Td (of ) Tj ET Q q 0 0 0 rg BT 85.18 264.65 Td (recording ) Tj ET Q q 0 0 0 rg BT 118.23 264.65 Td (an ) Tj ET Q q 0 0 0 rg BT 128.17 264.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 167.45 264.65 Td (char) Tj ET Q q 0 0 0 rg BT 181.07 264.65 Td (ge. ) Tj ET Q q 0 0 0 rg BT 192.49 264.65 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 231.95 264.65 Td (, ) Tj ET Q q 0 0 0 rg BT 236.35 264.65 Td (our ) Tj ET Q q 0 0 0 rg BT 249.41 264.65 Td (estimates ) Tj ET Q q 0 0 0 rg BT 281.57 264.65 Td (of ) Tj ET Q q 0 0 0 rg BT 290.63 264.65 Td (future ) Tj ET Q q 0 0 0 rg BT 312.13 264.65 Td (advertising ) Tj ET Q q 0 0 0 rg BT 350.07 264.65 Td (and ) Tj ET Q q 0 0 0 rg BT 364.02 264.65 Td (other ) Tj ET Q q 0 0 0 rg BT 382.85 264.65 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 415.68 264.65 Td (and ) Tj ET Q q 0 0 0 rg BT 429.62 264.65 Td (our ) Tj ET Q q 0 0 0 rg BT 442.68 264.65 Td (future ) Tj ET Q q 0 0 0 rg BT 464.18 264.65 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 507.45 264.65 Td (schedules ) Tj ET Q q 0 0 0 rg BT 540.95 264.65 Td (have ) Tj ET Q q 0 0 0 rg BT 558.45 264.65 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 255.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 84.96 255.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 107.93 255.05 Td (on ) Tj ET Q q 0 0 0 rg BT 117.12 255.05 Td (the ) Tj ET Q q 0 0 0 rg BT 128.09 255.05 Td (value ) Tj ET Q q 0 0 0 rg BT 146.60 255.05 Td (of ) Tj ET Q q 0 0 0 rg BT 154.46 255.05 Td (our ) Tj ET Q q 0 0 0 rg BT 166.32 255.05 Td (program ) Tj ET Q q 0 0 0 rg BT 194.61 255.05 Td (rights ) Tj ET Q q 0 0 0 rg BT 214.03 255.05 Td (on ) Tj ET Q q 0 0 0 rg BT 223.22 255.05 Td (the ) Tj ET Q q 0 0 0 rg BT 234.19 255.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 275.82 255.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 301.44 255.05 Td (sheet ) Tj ET Q q 0 0 0 rg BT 319.07 255.05 Td (and ) Tj ET Q q 0 0 0 rg BT 331.81 255.05 Td (the ) Tj ET Q q 0 0 0 rg BT 342.78 255.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 365.29 255.05 Td (programming ) Tj ET Q q 0 0 0 rg BT 410.04 255.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 451.66 255.05 Td (char) Tj ET Q q 0 0 0 rg BT 465.28 255.05 Td (ge ) Tj ET Q q 0 0 0 rg BT 474.02 255.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 503.20 255.05 Td (in ) Tj ET Q q 0 0 0 rg BT 510.61 255.05 Td (the ) Tj ET Q q 0 0 0 rg BT 521.58 255.05 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 245.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 86.87 245.45 Td (of ) Tj ET Q q 0 0 0 rg BT 96.63 245.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.05 245.45 Td (and ) Tj ET Q q 0 0 0 rg BT 147.69 245.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 199.22 245.45 Td (income. ) Tj ET Q q 0 0 0 rg BT 227.86 245.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 243.40 245.45 Td (analyses ) Tj ET Q q 0 0 0 rg BT 273.59 245.45 Td (of ) Tj ET Q q 0 0 0 rg BT 283.35 245.45 Td (our ) Tj ET Q q 0 0 0 rg BT 297.11 245.45 Td (acquired ) Tj ET Q q 0 0 0 rg BT 327.75 245.45 Td (program ) Tj ET Q q 0 0 0 rg BT 357.95 245.45 Td (library ) Tj ET Q q 0 0 0 rg BT 382.37 245.45 Td (during2013 ) Tj ET Q q 0 0 0 rg BT 424.35 245.45 Td (resulted ) Tj ET Q q 0 0 0 rg BT 452.77 245.45 Td (in ) Tj ET Q q 0 0 0 rg BT 462.09 245.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 495.39 245.45 Td (content ) Tj ET Q q 0 0 0 rg BT 522.03 245.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 541.13 245.45 Td (due ) Tj ET Q q 0 0 0 rg BT 555.78 245.45 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 235.85 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.55 235.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 134.43 235.85 Td (char) Tj ET Q q 0 0 0 rg BT 148.05 235.85 Td (ges ) Tj ET Q q 0 0 0 rg BT 160.71 235.85 Td (of ) Tj ET Q q 0 0 0 rg BT 169.38 235.85 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.60 235.85 Td (23.9 ) Tj ET Q q 0 0 0 rg BT 201.60 235.85 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.71 235.85 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.70 217.25 Td (oduced ) Tj ET Q q 0 0 0 rg BT 82.80 217.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 90.51 217.25 Td (ogram ) Tj ET Q q 0 0 0 rg BT 113.40 217.25 Td (Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 201.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 201.65 Td (e ) Tj ET Q q 0 0 0 rg BT 62.36 201.65 Td (also ) Tj ET Q q 0 0 0 rg BT 77.14 201.65 Td (produce ) Tj ET Q q 0 0 0 rg BT 104.80 201.65 Td (and ) Tj ET Q q 0 0 0 rg BT 118.25 201.65 Td (distribute ) Tj ET Q q 0 0 0 rg BT 150.36 201.65 Td (a ) Tj ET Q q 0 0 0 rg BT 155.81 201.65 Td (variety ) Tj ET Q q 0 0 0 rg BT 179.91 201.65 Td (of ) Tj ET Q q 0 0 0 rg BT 188.47 201.65 Td (filmed ) Tj ET Q q 0 0 0 rg BT 211.25 201.65 Td (content. ) Tj ET Q q 0 0 0 rg BT 238.56 201.65 Td (The ) Tj ET Q q 0 0 0 rg BT 252.89 201.65 Td (majority ) Tj ET Q q 0 0 0 rg BT 281.89 201.65 Td (of ) Tj ET Q q 0 0 0 rg BT 290.45 201.65 Td (this ) Tj ET Q q 0 0 0 rg BT 303.90 201.65 Td (is ) Tj ET Q q 0 0 0 rg BT 311.14 201.65 Td (television ) Tj ET Q q 0 0 0 rg BT 344.14 201.65 Td (movies ) Tj ET Q q 0 0 0 rg BT 369.14 201.65 Td (and ) Tj ET Q q 0 0 0 rg BT 382.59 201.65 Td (series ) Tj ET Q q 0 0 0 rg BT 402.70 201.65 Td (which ) Tj ET Q q 0 0 0 rg BT 424.14 201.65 Td (are ) Tj ET Q q 0 0 0 rg BT 435.81 201.65 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 484.36 201.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 514.68 201.65 Td (to ) Tj ET Q q 0 0 0 rg BT 522.80 201.65 Td (be ) Tj ET Q q 0 0 0 rg BT 532.24 201.65 Td (exploited ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 192.05 Td (by ) Tj ET Q q 0 0 0 rg BT 59.47 192.05 Td (transmission ) Tj ET Q q 0 0 0 rg BT 101.39 192.05 Td (on ) Tj ET Q q 0 0 0 rg BT 110.86 192.05 Td (our ) Tj ET Q q 0 0 0 rg BT 123.00 192.05 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 155.12 192.05 Td (stations. ) Tj ET Q q 0 0 0 rg BT 183.04 192.05 Td (In ) Tj ET Q q 0 0 0 rg BT 191.17 192.05 Td (addition ) Tj ET Q q 0 0 0 rg BT 218.86 192.05 Td (to ) Tj ET Q q 0 0 0 rg BT 226.56 192.05 Td (this ) Tj ET Q q 0 0 0 rg BT 239.59 192.05 Td (we ) Tj ET Q q 0 0 0 rg BT 250.39 192.05 Td (also ) Tj ET Q q 0 0 0 rg BT 264.75 192.05 Td (produce ) Tj ET Q q 0 0 0 rg BT 291.98 192.05 Td (feature ) Tj ET Q q 0 0 0 rg BT 315.66 192.05 Td (films ) Tj ET Q q 0 0 0 rg BT 333.58 192.05 Td (which ) Tj ET Q q 0 0 0 rg BT 354.60 192.05 Td (are ) Tj ET Q q 0 0 0 rg BT 365.83 192.05 Td (intended ) Tj ET Q q 0 0 0 rg BT 394.85 192.05 Td (to ) Tj ET Q q 0 0 0 rg BT 402.55 192.05 Td (be ) Tj ET Q q 0 0 0 rg BT 411.57 192.05 Td (exploited ) Tj ET Q q 0 0 0 rg BT 442.81 192.05 Td (initially ) Tj ET Q q 0 0 0 rg BT 469.17 192.05 Td (through ) Tj ET Q q 0 0 0 rg BT 495.53 192.05 Td (exhibition ) Tj ET Q q 0 0 0 rg BT 529.44 192.05 Td (in ) Tj ET Q q 0 0 0 rg BT 537.14 192.05 Td (theaters ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 182.45 Td (and ) Tj ET Q q 0 0 0 rg BT 63.24 182.45 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 106.71 182.45 Td (through ) Tj ET Q q 0 0 0 rg BT 133.29 182.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 150.53 182.45 Td (in ) Tj ET Q q 0 0 0 rg BT 158.45 182.45 Td (one ) Tj ET Q q 0 0 0 rg BT 171.69 182.45 Td (or ) Tj ET Q q 0 0 0 rg BT 180.05 182.45 Td (more ) Tj ET Q q 0 0 0 rg BT 198.18 182.45 Td (of ) Tj ET Q q 0 0 0 rg BT 206.53 182.45 Td (the ) Tj ET Q q 0 0 0 rg BT 218.00 182.45 Td (home ) Tj ET Q q 0 0 0 rg BT 237.46 182.45 Td (video, ) Tj ET Q q 0 0 0 rg BT 258.93 182.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 272.05 182.45 Td (TV) Tj ET Q q 0 0 0 rg BT 281.68 182.45 Td (, ) Tj ET Q q 0 0 0 rg BT 285.38 182.45 Td (free ) Tj ET Q q 0 0 0 rg BT 299.38 182.45 Td (TV) Tj ET Q q 0 0 0 rg BT 309.01 182.45 Td (, ) Tj ET Q q 0 0 0 rg BT 312.70 182.45 Td (international ) Tj ET Q q 0 0 0 rg BT 354.82 182.45 Td (syndication ) Tj ET Q q 0 0 0 rg BT 393.40 182.45 Td (and ) Tj ET Q q 0 0 0 rg BT 406.64 182.45 Td (internet ) Tj ET Q q 0 0 0 rg BT 432.77 182.45 Td (markets. ) Tj ET Q q 0 0 0 rg BT 461.78 182.45 Td (Finally) Tj ET Q q 0 0 0 rg BT 483.93 182.45 Td (, ) Tj ET Q q 0 0 0 rg BT 487.63 182.45 Td (we ) Tj ET Q q 0 0 0 rg BT 498.65 182.45 Td (also ) Tj ET Q q 0 0 0 rg BT 513.22 182.45 Td (acquire ) Tj ET Q q 0 0 0 rg BT 538.46 182.45 Td (content ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 172.85 Td (from ) Tj ET Q q 0 0 0 rg BT 67.55 172.85 Td (third ) Tj ET Q q 0 0 0 rg BT 84.66 172.85 Td (parties ) Tj ET Q q 0 0 0 rg BT 107.98 172.85 Td (which ) Tj ET Q q 0 0 0 rg BT 129.54 172.85 Td (we ) Tj ET Q q 0 0 0 rg BT 140.86 172.85 Td (distribute ) Tj ET Q q 0 0 0 rg BT 173.08 172.85 Td (through ) Tj ET Q q 0 0 0 rg BT 199.97 172.85 Td (all ) Tj ET Q q 0 0 0 rg BT 209.96 172.85 Td (of ) Tj ET Q q 0 0 0 rg BT 218.63 172.85 Td (the ) Tj ET Q q 0 0 0 rg BT 230.40 172.85 Td (windows ) Tj ET Q q 0 0 0 rg BT 261.29 172.85 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 297.06 172.85 Td (above.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 157.25 Td (e ) Tj ET Q q 0 0 0 rg BT 62.13 157.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 94.89 157.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 121.88 157.25 Td (from ) Tj ET Q q 0 0 0 rg BT 139.10 157.25 Td (filmed ) Tj ET Q q 0 0 0 rg BT 161.66 157.25 Td (content ) Tj ET Q q 0 0 0 rg BT 186.87 157.25 Td (when ) Tj ET Q q 0 0 0 rg BT 205.87 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.32 157.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 244.30 157.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 282.41 157.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 306.73 157.25 Td (are ) Tj ET Q q 0 0 0 rg BT 318.16 157.25 Td (met. ) Tj ET Q q 0 0 0 rg BT 333.83 157.25 Td (In ) Tj ET Q q 0 0 0 rg BT 342.17 157.25 Td (practice, ) Tj ET Q q 0 0 0 rg BT 371.15 157.25 Td (it ) Tj ET Q q 0 0 0 rg BT 377.27 157.25 Td (usually ) Tj ET Q q 0 0 0 rg BT 402.05 157.25 Td (means ) Tj ET Q q 0 0 0 rg BT 424.15 157.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 451.14 157.25 Td (on ) Tj ET Q q 0 0 0 rg BT 460.81 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.26 157.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 486.37 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.70 157.25 Td (content ) Tj ET Q q 0 0 0 rg BT 519.92 157.25 Td (is ) Tj ET Q q 0 0 0 rg BT 526.92 157.25 Td (recognized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 147.65 Td (when ) Tj ET Q q 0 0 0 rg BT 69.33 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 81.10 147.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 108.88 147.65 Td (content ) Tj ET Q q 0 0 0 rg BT 134.42 147.65 Td (is ) Tj ET Q q 0 0 0 rg BT 141.76 147.65 Td (available ) Tj ET Q q 0 0 0 rg BT 172.63 147.65 Td (for ) Tj ET Q q 0 0 0 rg BT 183.96 147.65 Td (third ) Tj ET Q q 0 0 0 rg BT 201.07 147.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 224.39 147.65 Td (\(unless ) Tj ET Q q 0 0 0 rg BT 249.05 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 260.83 147.65 Td (license ) Tj ET Q q 0 0 0 rg BT 285.04 147.65 Td (period ) Tj ET Q q 0 0 0 rg BT 307.48 147.65 Td (has ) Tj ET Q q 0 0 0 rg BT 320.14 147.65 Td (not ) Tj ET Q q 0 0 0 rg BT 332.36 147.65 Td (begun\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 132.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 132.05 Td (e ) Tj ET Q q 0 0 0 rg BT 62.39 132.05 Td (recognize ) Tj ET Q q 0 0 0 rg BT 95.40 132.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 122.65 132.05 Td (from ) Tj ET Q q 0 0 0 rg BT 140.13 132.05 Td (the ) Tj ET Q q 0 0 0 rg BT 151.83 132.05 Td (distribution ) Tj ET Q q 0 0 0 rg BT 190.64 132.05 Td (of ) Tj ET Q q 0 0 0 rg BT 199.23 132.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 228.70 132.05 Td (content ) Tj ET Q q 0 0 0 rg BT 254.17 132.05 Td (when ) Tj ET Q q 0 0 0 rg BT 273.43 132.05 Td (the ) Tj ET Q q 0 0 0 rg BT 285.13 132.05 Td (content ) Tj ET Q q 0 0 0 rg BT 310.60 132.05 Td (is ) Tj ET Q q 0 0 0 rg BT 317.86 132.05 Td (available ) Tj ET Q q 0 0 0 rg BT 348.66 132.05 Td (for ) Tj ET Q q 0 0 0 rg BT 359.92 132.05 Td (telecast, ) Tj ET Q q 0 0 0 rg BT 387.83 132.05 Td (which ) Tj ET Q q 0 0 0 rg BT 409.31 132.05 Td (is ) Tj ET Q q 0 0 0 rg BT 416.57 132.05 Td (usually ) Tj ET Q q 0 0 0 rg BT 441.60 132.05 Td (when ) Tj ET Q q 0 0 0 rg BT 460.86 132.05 Td (we ) Tj ET Q q 0 0 0 rg BT 472.11 132.05 Td (furnish ) Tj ET Q q 0 0 0 rg BT 496.71 132.05 Td (a ) Tj ET Q q 0 0 0 rg BT 502.18 132.05 Td (Notice ) Tj ET Q q 0 0 0 rg BT 525.43 132.05 Td (of ) Tj ET Q q 0 0 0 rg BT 534.02 132.05 Td (Delivery ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 122.45 Td (to ) Tj ET Q q 0 0 0 rg BT 58.22 122.45 Td (our ) Tj ET Q q 0 0 0 rg BT 70.89 122.45 Td (clients, ) Tj ET Q q 0 0 0 rg BT 95.77 122.45 Td (and ) Tj ET Q q 0 0 0 rg BT 109.32 122.45 Td (when ) Tj ET Q q 0 0 0 rg BT 128.65 122.45 Td (the ) Tj ET Q q 0 0 0 rg BT 140.42 122.45 Td (license ) Tj ET Q q 0 0 0 rg BT 164.63 122.45 Td (period ) Tj ET Q q 0 0 0 rg BT 187.07 122.45 Td (for ) Tj ET Q q 0 0 0 rg BT 198.40 122.45 Td (the ) Tj ET Q q 0 0 0 rg BT 210.17 122.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 252.15 122.45 Td (under ) Tj ET Q q 0 0 0 rg BT 272.36 122.45 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 319.46 122.45 Td (usually ) Tj ET Q q 0 0 0 rg BT 344.57 122.45 Td (a ) Tj ET Q q 0 0 0 rg BT 350.12 122.45 Td (pre-defined ) Tj ET Q q 0 0 0 rg BT 388.99 122.45 Td (window, ) Tj ET Q q 0 0 0 rg BT 425.87 122.45 Td (has ) Tj ET Q q 0 0 0 rg BT 438.53 122.45 Td (begun.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 106.85 Td (Produced ) Tj ET Q q 0 0 0 rg BT 81.71 106.85 Td (program ) Tj ET Q q 0 0 0 rg BT 110.32 106.85 Td (rights ) Tj ET Q q 0 0 0 rg BT 130.04 106.85 Td (as ) Tj ET Q q 0 0 0 rg BT 138.20 106.85 Td (shown ) Tj ET Q q 0 0 0 rg BT 160.59 106.85 Td (in ) Tj ET Q q 0 0 0 rg BT 168.32 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 179.59 106.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 221.52 106.85 Td (balance ) Tj ET Q q 0 0 0 rg BT 247.45 106.85 Td (sheet ) Tj ET Q q 0 0 0 rg BT 265.39 106.85 Td (represent ) Tj ET Q q 0 0 0 rg BT 296.20 106.85 Td (the ) Tj ET Q q 0 0 0 rg BT 307.48 106.85 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 348.96 106.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 363.35 106.85 Td (of ) Tj ET Q q 0 0 0 rg BT 371.51 106.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 406.33 106.85 Td (theatrical ) Tj ET Q q 0 0 0 rg BT 437.59 106.85 Td (films ) Tj ET Q q 0 0 0 rg BT 455.54 106.85 Td (and ) Tj ET Q q 0 0 0 rg BT 468.59 106.85 Td (television ) Tj ET Q q 0 0 0 rg BT 501.19 106.85 Td (episodes, ) Tj ET Q q 0 0 0 rg BT 532.24 106.85 Td (theatrical ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (films ) Tj ET Q q 0 0 0 rg BT 68.22 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 81.54 97.25 Td (television ) Tj ET Q q 0 0 0 rg BT 114.42 97.25 Td (series ) Tj ET Q q 0 0 0 rg BT 134.41 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.41 97.25 Td (production ) Tj ET Q q 0 0 0 rg BT 178.84 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.16 97.25 Td (film ) Tj ET Q q 0 0 0 rg BT 207.27 97.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 227.27 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.26 97.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 273.46 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.90 97.25 Td (development. ) Tj ET Q q 0 0 0 rg BT 326.99 97.25 Td (Produced ) Tj ET Q q 0 0 0 rg BT 358.98 97.25 Td (program ) Tj ET Q q 0 0 0 rg BT 387.86 97.25 Td (rights, ) Tj ET Q q 0 0 0 rg BT 409.85 97.25 Td (which ) Tj ET Q q 0 0 0 rg BT 431.18 97.25 Td (include ) Tj ET Q q 0 0 0 rg BT 456.50 97.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 476.48 97.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 496.25 97.25 Td (production ) Tj ET Q q 0 0 0 rg BT 532.69 97.25 Td (overhead ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 87.65 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 87.65 Td (development ) Tj ET Q q 0 0 0 rg BT 106.87 87.65 Td (costs, ) Tj ET Q q 0 0 0 rg BT 126.87 87.65 Td (are ) Tj ET Q q 0 0 0 rg BT 138.64 87.65 Td (stated ) Tj ET Q q 0 0 0 rg BT 159.30 87.65 Td (at ) Tj ET Q q 0 0 0 rg BT 167.07 87.65 Td (the ) Tj ET Q q 0 0 0 rg BT 178.84 87.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 199.06 87.65 Td (of ) Tj ET Q q 0 0 0 rg BT 207.72 87.65 Td (cost, ) Tj ET Q q 0 0 0 rg BT 224.61 87.65 Td (less ) Tj ET Q q 0 0 0 rg BT 238.61 87.65 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 281.03 87.65 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 325.46 87.65 Td (or ) Tj ET Q q 0 0 0 rg BT 334.13 87.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.23 87.65 Td (value.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 72.05 Td (When ) Tj ET Q q 0 0 0 rg BT 71.04 72.05 Td (we ) Tj ET Q q 0 0 0 rg BT 82.30 72.05 Td (recognize ) Tj ET Q q 0 0 0 rg BT 115.33 72.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.58 72.05 Td (on ) Tj ET Q q 0 0 0 rg BT 152.52 72.05 Td (a ) Tj ET Q q 0 0 0 rg BT 158.01 72.05 Td (title, ) Tj ET Q q 0 0 0 rg BT 174.38 72.05 Td (we ) Tj ET Q q 0 0 0 rg BT 185.65 72.05 Td (also ) Tj ET Q q 0 0 0 rg BT 200.47 72.05 Td (recognize ) Tj ET Q q 0 0 0 rg BT 233.50 72.05 Td (a ) Tj ET Q q 0 0 0 rg BT 238.99 72.05 Td (proportion ) Tj ET Q q 0 0 0 rg BT 274.70 72.05 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 72.05 Td (the ) Tj ET Q q 0 0 0 rg BT 295.01 72.05 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 331.59 72.05 Td (film ) Tj ET Q q 0 0 0 rg BT 346.86 72.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 364.79 72.05 Td (in ) Tj ET Q q 0 0 0 rg BT 372.95 72.05 Td (the ) Tj ET Q q 0 0 0 rg BT 384.66 72.05 Td (respective ) Tj ET Q q 0 0 0 rg BT 419.02 72.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 454.73 72.05 Td (of ) Tj ET Q q 0 0 0 rg BT 463.33 72.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 498.59 72.05 Td (using ) Tj ET Q q 0 0 0 rg BT 517.86 72.05 Td (the ) Tj ET Q q 0 0 0 rg BT 529.57 72.05 Td (individual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 62.45 Td (film ) Tj ET Q q 0 0 0 rg BT 64.85 62.45 Td (forecast ) Tj ET Q q 0 0 0 rg BT 91.68 62.45 Td (model. ) Tj ET Q q 0 0 0 rg BT 115.08 62.45 Td (The ) Tj ET Q q 0 0 0 rg BT 129.03 62.45 Td (proportion ) Tj ET Q q 0 0 0 rg BT 164.32 62.45 Td (of ) Tj ET Q q 0 0 0 rg BT 172.50 62.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 190.01 62.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 226.62 62.45 Td (is ) Tj ET Q q 0 0 0 rg BT 233.47 62.45 Td (equal ) Tj ET Q q 0 0 0 rg BT 252.31 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 260.04 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.33 62.45 Td (proportion ) Tj ET Q q 0 0 0 rg BT 306.62 62.45 Td (of ) Tj ET Q q 0 0 0 rg BT 314.80 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 326.09 62.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 352.92 62.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 389.52 62.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 422.58 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 430.31 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 441.60 62.45 Td (total ) Tj ET Q q 0 0 0 rg BT 457.33 62.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 484.17 62.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 514.11 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 521.84 62.45 Td (be ) Tj ET Q q 0 0 0 rg BT 530.91 62.45 Td (generated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 52.85 Td (throughout ) Tj ET Q q 0 0 0 rg BT 87.11 52.85 Td (the ) Tj ET Q q 0 0 0 rg BT 98.88 52.85 Td (title's ) Tj ET Q q 0 0 0 rg BT 117.88 52.85 Td (life ) Tj ET Q q 0 0 0 rg BT 130.54 52.85 Td (cycle ) Tj ET Q q 0 0 0 rg BT 149.41 52.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 163.85 52.85 Td ("ultimate ) Tj ET Q q 0 0 0 rg BT 195.33 52.85 Td (revenues"\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (37) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.80 743.50 Td (process ) Tj ET Q q 0 0 0 rg BT 91.16 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 100.19 743.50 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 135.88 743.50 Td (a ) Tj ET Q q 0 0 0 rg BT 141.79 743.50 Td (title's ) Tj ET Q q 0 0 0 rg BT 161.15 743.50 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 189.73 743.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 220.53 743.50 Td (requires ) Tj ET Q q 0 0 0 rg BT 248.66 743.50 Td (management ) Tj ET Q q 0 0 0 rg BT 291.89 743.50 Td (judgment ) Tj ET Q q 0 0 0 rg BT 324.48 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 338.39 743.50 Td (is ) Tj ET Q q 0 0 0 rg BT 346.10 743.50 Td (inherently ) Tj ET Q q 0 0 0 rg BT 380.89 743.50 Td (subjective. ) Tj ET Q q 0 0 0 rg BT 417.52 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 432.33 743.50 Td (calculation ) Tj ET Q q 0 0 0 rg BT 469.78 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 478.81 743.50 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 507.39 743.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 535.08 743.50 Td (can ) Tj ET Q q 0 0 0 rg BT 548.54 743.50 Td (be ) Tj ET Q q 0 0 0 rg BT 558.46 743.50 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (complex ) Tj ET Q q 0 0 0 rg BT 80.05 733.90 Td (one, ) Tj ET Q q 0 0 0 rg BT 96.10 733.90 Td (however ) Tj ET Q q 0 0 0 rg BT 126.14 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 138.42 733.90 Td (level ) Tj ET Q q 0 0 0 rg BT 156.47 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 165.63 733.90 Td (complexity ) Tj ET Q q 0 0 0 rg BT 204.12 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 218.18 733.90 Td (subjectivity ) Tj ET Q q 0 0 0 rg BT 258.00 733.90 Td (is ) Tj ET Q q 0 0 0 rg BT 265.84 733.90 Td (correlated ) Tj ET Q q 0 0 0 rg BT 300.32 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 309.04 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 321.32 733.90 Td (number ) Tj ET Q q 0 0 0 rg BT 348.26 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 357.42 733.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 385.24 733.90 Td (streams ) Tj ET Q q 0 0 0 rg BT 412.18 733.90 Td (that ) Tj ET Q q 0 0 0 rg BT 426.67 733.90 Td (management ) Tj ET Q q 0 0 0 rg BT 470.05 733.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 498.76 733.90 Td (will ) Tj ET Q q 0 0 0 rg BT 513.70 733.90 Td (be ) Tj ET Q q 0 0 0 rg BT 523.76 733.90 Td (earned. ) Tj ET Q q 0 0 0 rg BT 549.57 733.90 Td (Our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (process ) Tj ET Q q 0 0 0 rg BT 76.35 724.30 Td (for ) Tj ET Q q 0 0 0 rg BT 88.04 724.30 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 123.73 724.30 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 152.30 724.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.10 724.30 Td (is ) Tj ET Q q 0 0 0 rg BT 190.79 724.30 Td (tailored ) Tj ET Q q 0 0 0 rg BT 217.59 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 226.18 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 238.31 724.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 268.67 724.30 Td (we ) Tj ET Q q 0 0 0 rg BT 280.36 724.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 305.82 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 311.73 724.30 Td (title ) Tj ET Q q 0 0 0 rg BT 326.53 724.30 Td (has ) Tj ET Q q 0 0 0 rg BT 339.56 724.30 Td (for ) Tj ET Q q 0 0 0 rg BT 351.25 724.30 Td (generating ) Tj ET Q q 0 0 0 rg BT 387.37 724.30 Td (multiple ) Tj ET Q q 0 0 0 rg BT 416.40 724.30 Td (types ) Tj ET Q q 0 0 0 rg BT 435.65 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 444.68 724.30 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 476.95 724.30 Td (As ) Tj ET Q q 0 0 0 rg BT 488.20 724.30 Td (already ) Tj ET Q q 0 0 0 rg BT 514.10 724.30 Td (mentioned, ) Tj ET Q q 0 0 0 rg BT 552.23 724.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 79.09 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 87.74 714.70 Td (our ) Tj ET Q q 0 0 0 rg BT 100.40 714.70 Td (production ) Tj ET Q q 0 0 0 rg BT 137.04 714.70 Td (is ) Tj ET Q q 0 0 0 rg BT 144.37 714.70 Td (intended ) Tj ET Q q 0 0 0 rg BT 173.90 714.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 205.66 714.70 Td (for ) Tj ET Q q 0 0 0 rg BT 216.97 714.70 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 257.17 714.70 Td (by ) Tj ET Q q 0 0 0 rg BT 267.16 714.70 Td (our ) Tj ET Q q 0 0 0 rg BT 279.81 714.70 Td (own ) Tj ET Q q 0 0 0 rg BT 295.58 714.70 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 337.55 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 351.08 714.70 Td (we ) Tj ET Q q 0 0 0 rg BT 362.40 714.70 Td (have ) Tj ET Q q 0 0 0 rg BT 379.49 714.70 Td (few ) Tj ET Q q 0 0 0 rg BT 393.47 714.70 Td (supportable ) Tj ET Q q 0 0 0 rg BT 432.78 714.70 Td (expectations ) Tj ET Q q 0 0 0 rg BT 474.75 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 483.40 714.70 Td (generating ) Tj ET Q q 0 0 0 rg BT 519.15 714.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 546.46 714.70 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (other ) Tj ET Q q 0 0 0 rg BT 68.57 705.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 96.69 705.10 Td (In ) Tj ET Q q 0 0 0 rg BT 105.48 705.10 Td (such ) Tj ET Q q 0 0 0 rg BT 122.27 705.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 143.28 705.10 Td (we ) Tj ET Q q 0 0 0 rg BT 154.73 705.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 183.96 705.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 208.31 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.21 705.10 Td (free ) Tj ET Q q 0 0 0 rg BT 234.77 705.10 Td (television ) Tj ET Q q 0 0 0 rg BT 268.00 705.10 Td (window ) Tj ET Q q 0 0 0 rg BT 295.91 705.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.26 705.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.05 705.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 354.27 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.06 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.96 705.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 403.31 705.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 432.75 705.10 Td (For ) Tj ET Q q 0 0 0 rg BT 445.99 705.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 477.89 705.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.56 705.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 521.23 705.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 545.56 705.10 Td (films ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 695.50 Td (or ) Tj ET Q q 0 0 0 rg BT 58.96 695.50 Td (other ) Tj ET Q q 0 0 0 rg BT 77.69 695.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 105.31 695.50 Td (where ) Tj ET Q q 0 0 0 rg BT 127.15 695.50 Td (we ) Tj ET Q q 0 0 0 rg BT 138.77 695.50 Td (do ) Tj ET Q q 0 0 0 rg BT 149.07 695.50 Td (have ) Tj ET Q q 0 0 0 rg BT 166.46 695.50 Td (supportable ) Tj ET Q q 0 0 0 rg BT 206.08 695.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 238.15 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 247.11 695.50 Td (generating ) Tj ET Q q 0 0 0 rg BT 283.16 695.50 Td (multiple ) Tj ET Q q 0 0 0 rg BT 312.12 695.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 339.73 695.50 Td (streams, ) Tj ET Q q 0 0 0 rg BT 368.46 695.50 Td (we ) Tj ET Q q 0 0 0 rg BT 380.09 695.50 Td (base ) Tj ET Q q 0 0 0 rg BT 396.60 695.50 Td (our ) Tj ET Q q 0 0 0 rg BT 409.56 695.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 441.62 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 450.58 695.50 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 479.09 695.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.81 695.50 Td (for ) Tj ET Q q 0 0 0 rg BT 521.44 695.50 Td (each ) Tj ET Q q 0 0 0 rg BT 538.38 695.50 Td (film ) Tj ET Q q 0 0 0 rg BT 554.01 695.50 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 685.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 73.66 685.90 Td (such ) Tj ET Q q 0 0 0 rg BT 90.22 685.90 Td (as ) Tj ET Q q 0 0 0 rg BT 98.79 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 110.46 685.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 142.12 685.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 184.44 685.90 Td (or ) Tj ET Q q 0 0 0 rg BT 193.00 685.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 217.12 685.90 Td (films, ) Tj ET Q q 0 0 0 rg BT 237.46 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 249.13 685.90 Td (star ) Tj ET Q q 0 0 0 rg BT 262.58 685.90 Td (power ) Tj ET Q q 0 0 0 rg BT 284.47 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.03 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 304.70 685.90 Td (actors ) Tj ET Q q 0 0 0 rg BT 325.70 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 339.15 685.90 Td (actresses, ) Tj ET Q q 0 0 0 rg BT 371.48 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 383.15 685.90 Td (rating ) Tj ET Q q 0 0 0 rg BT 403.70 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 417.15 685.90 Td (genre ) Tj ET Q q 0 0 0 rg BT 436.82 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 445.38 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 457.05 685.90 Td (film, ) Tj ET Q q 0 0 0 rg BT 474.28 685.90 Td (pre-release ) Tj ET Q q 0 0 0 rg BT 511.26 685.90 Td (market ) Tj ET Q q 0 0 0 rg BT 535.37 685.90 Td (research ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 676.30 Td (\(including ) Tj ET Q q 0 0 0 rg BT 84.45 676.30 Td (test ) Tj ET Q q 0 0 0 rg BT 97.13 676.30 Td (market ) Tj ET Q q 0 0 0 rg BT 120.91 676.30 Td (screenings\) ) Tj ET Q q 0 0 0 rg BT 158.90 676.30 Td (and ) Tj ET Q q 0 0 0 rg BT 172.02 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 183.36 676.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 213.35 676.30 Td (number ) Tj ET Q q 0 0 0 rg BT 239.36 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 247.59 676.30 Td (theaters ) Tj ET Q q 0 0 0 rg BT 274.03 676.30 Td (in ) Tj ET Q q 0 0 0 rg BT 281.82 676.30 Td (which ) Tj ET Q q 0 0 0 rg BT 302.94 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 314.28 676.30 Td (film ) Tj ET Q q 0 0 0 rg BT 329.18 676.30 Td (will ) Tj ET Q q 0 0 0 rg BT 343.19 676.30 Td (be ) Tj ET Q q 0 0 0 rg BT 352.31 676.30 Td (released. ) Tj ET Q q 0 0 0 rg BT 381.97 676.30 Td (W) Tj ET Q q 0 0 0 rg BT 388.88 676.30 Td (e ) Tj ET Q q 0 0 0 rg BT 394.00 676.30 Td (update ) Tj ET Q q 0 0 0 rg BT 416.89 676.30 Td (such ) Tj ET Q q 0 0 0 rg BT 433.12 676.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 464.46 676.30 Td (based ) Tj ET Q q 0 0 0 rg BT 484.24 676.30 Td (on ) Tj ET Q q 0 0 0 rg BT 493.81 676.30 Td (information ) Tj ET Q q 0 0 0 rg BT 533.14 676.30 Td (available ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 666.70 Td (on ) Tj ET Q q 0 0 0 rg BT 60.09 666.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.96 666.70 Td (progress ) Tj ET Q q 0 0 0 rg BT 101.16 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.91 666.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.78 666.70 Td (film's ) Tj ET Q q 0 0 0 rg BT 141.76 666.70 Td (production ) Tj ET Q q 0 0 0 rg BT 178.51 666.70 Td (and ) Tj ET Q q 0 0 0 rg BT 192.16 666.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 210.25 666.70 Td (release, ) Tj ET Q q 0 0 0 rg BT 236.54 666.70 Td (the ) Tj ET Q q 0 0 0 rg BT 248.41 666.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 269.60 666.70 Td (results ) Tj ET Q q 0 0 0 rg BT 292.58 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.34 666.70 Td (each ) Tj ET Q q 0 0 0 rg BT 318.08 666.70 Td (film. ) Tj ET Q q 0 0 0 rg BT 335.51 666.70 Td (Changes ) Tj ET Q q 0 0 0 rg BT 365.15 666.70 Td (in ) Tj ET Q q 0 0 0 rg BT 373.47 666.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 405.33 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 414.09 666.70 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 442.39 666.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 472.92 666.70 Td (from ) Tj ET Q q 0 0 0 rg BT 490.56 666.70 Td (period ) Tj ET Q q 0 0 0 rg BT 513.09 666.70 Td (to ) Tj ET Q q 0 0 0 rg BT 521.41 666.70 Td (period ) Tj ET Q q 0 0 0 rg BT 543.94 666.70 Td (af) Tj ET Q q 0 0 0 rg BT 550.01 666.70 Td (fect ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 657.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 87.77 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.43 657.10 Td (film ) Tj ET Q q 0 0 0 rg BT 111.77 657.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.77 657.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 163.75 657.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.97 657.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.52 657.10 Td (given ) Tj ET Q q 0 0 0 rg BT 197.30 657.10 Td (period ) Tj ET Q q 0 0 0 rg BT 219.73 657.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 235.29 657.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 268.15 657.10 Td (could ) Tj ET Q q 0 0 0 rg BT 287.93 657.10 Td (have ) Tj ET Q q 0 0 0 rg BT 305.03 657.10 Td (an ) Tj ET Q q 0 0 0 rg BT 314.58 657.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 338.35 657.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.35 657.10 Td (our ) Tj ET Q q 0 0 0 rg BT 361.01 657.10 Td (results ) Tj ET Q q 0 0 0 rg BT 383.90 657.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.23 657.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.22 657.10 Td (period.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.50 Td (When ) Tj ET Q q 0 0 0 rg BT 71.19 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 83.05 641.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 115.80 641.50 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 144.11 641.50 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 176.63 641.50 Td (less ) Tj ET Q q 0 0 0 rg BT 190.71 641.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.80 641.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.89 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 251.20 641.50 Td (be ) Tj ET Q q 0 0 0 rg BT 260.84 641.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 289.58 641.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 324.55 641.50 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 364.86 641.50 Td (costs\), ) Tj ET Q q 0 0 0 rg BT 387.61 641.50 Td (are ) Tj ET Q q 0 0 0 rg BT 399.47 641.50 Td (less ) Tj ET Q q 0 0 0 rg BT 413.56 641.50 Td (than ) Tj ET Q q 0 0 0 rg BT 429.42 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 441.29 641.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 470.03 641.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.11 641.50 Td (of ) Tj ET Q q 0 0 0 rg BT 504.87 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 516.73 641.50 Td (film ) Tj ET Q q 0 0 0 rg BT 532.15 641.50 Td (costs, ) Tj ET Q q 0 0 0 rg BT 552.24 641.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 631.90 Td (value ) Tj ET Q q 0 0 0 rg BT 68.80 631.90 Td (of ) Tj ET Q q 0 0 0 rg BT 76.94 631.90 Td (a ) Tj ET Q q 0 0 0 rg BT 81.96 631.90 Td (film ) Tj ET Q q 0 0 0 rg BT 96.77 631.90 Td (is ) Tj ET Q q 0 0 0 rg BT 103.58 631.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 129.93 631.90 Td (to ) Tj ET Q q 0 0 0 rg BT 137.63 631.90 Td (be ) Tj ET Q q 0 0 0 rg BT 146.65 631.90 Td (not ) Tj ET Q q 0 0 0 rg BT 158.35 631.90 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 197.13 631.90 Td (and ) Tj ET Q q 0 0 0 rg BT 210.15 631.90 Td (thus, ) Tj ET Q q 0 0 0 rg BT 226.96 631.90 Td (an ) Tj ET Q q 0 0 0 rg BT 235.99 631.90 Td (immediate ) Tj ET Q q 0 0 0 rg BT 271.23 631.90 Td (write-of) Tj ET Q q 0 0 0 rg BT 296.85 631.90 Td (f ) Tj ET Q q 0 0 0 rg BT 300.99 631.90 Td (of ) Tj ET Q q 0 0 0 rg BT 309.13 631.90 Td (unrecoverable ) Tj ET Q q 0 0 0 rg BT 355.91 631.90 Td (film ) Tj ET Q q 0 0 0 rg BT 370.71 631.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.19 631.90 Td (is ) Tj ET Q q 0 0 0 rg BT 395.00 631.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 424.46 631.90 Td (in ) Tj ET Q q 0 0 0 rg BT 432.15 631.90 Td (the ) Tj ET Q q 0 0 0 rg BT 443.40 631.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 485.31 631.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 520.55 631.90 Td (of ) Tj ET Q q 0 0 0 rg BT 528.69 631.90 Td (operations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 622.30 Td (and ) Tj ET Q q 0 0 0 rg BT 63.46 622.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.79 622.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 141.25 622.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 155.59 622.30 Td (analyses ) Tj ET Q q 0 0 0 rg BT 184.60 622.30 Td (of ) Tj ET Q q 0 0 0 rg BT 193.17 622.30 Td (our ) Tj ET Q q 0 0 0 rg BT 205.75 622.30 Td (produced ) Tj ET Q q 0 0 0 rg BT 237.42 622.30 Td (program ) Tj ET Q q 0 0 0 rg BT 266.43 622.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 286.56 622.30 Td (library ) Tj ET Q q 0 0 0 rg BT 309.79 622.30 Td (during ) Tj ET Q q 0 0 0 rg BT 332.58 622.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 350.49 622.30 Td (resulted ) Tj ET Q q 0 0 0 rg BT 377.72 622.30 Td (in ) Tj ET Q q 0 0 0 rg BT 385.85 622.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 431.30 622.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 470.09 622.30 Td (char) Tj ET Q q 0 0 0 rg BT 483.71 622.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 496.28 622.30 Td (of ) Tj ET Q q 0 0 0 rg BT 504.85 622.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.99 622.30 Td (36.5 ) Tj ET Q q 0 0 0 rg BT 536.90 622.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.01 622.30 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 606.70 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 90.66 606.70 Td (of ) Tj ET Q q 0 0 0 rg BT 98.88 606.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 128.88 606.70 Td (and ) Tj ET Q q 0 0 0 rg BT 142.88 606.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 177.32 606.70 Td (assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 591.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.35 591.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 89.11 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.78 591.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 131.10 591.10 Td (price ) Tj ET Q q 0 0 0 rg BT 148.98 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.53 591.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.09 591.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 210.20 591.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.31 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.97 591.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 257.63 591.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 280.19 591.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 311.85 591.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.29 591.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 363.61 591.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 397.50 591.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 418.05 591.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 447.48 591.10 Td (based ) Tj ET Q q 0 0 0 rg BT 467.59 591.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.48 591.10 Td (their ) Tj ET Q q 0 0 0 rg BT 494.03 591.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 526.57 591.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 539.57 591.10 Td (values, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 581.50 Td (with ) Tj ET Q q 0 0 0 rg BT 66.22 581.50 Td (the ) Tj ET Q q 0 0 0 rg BT 78.00 581.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 100.88 581.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 131.30 581.50 Td (price ) Tj ET Q q 0 0 0 rg BT 149.29 581.50 Td (over ) Tj ET Q q 0 0 0 rg BT 165.51 581.50 Td (those ) Tj ET Q q 0 0 0 rg BT 184.39 581.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 197.50 581.50 Td (values ) Tj ET Q q 0 0 0 rg BT 219.93 581.50 Td (being ) Tj ET Q q 0 0 0 rg BT 239.71 581.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 269.69 581.50 Td (as ) Tj ET Q q 0 0 0 rg BT 278.35 581.50 Td (goodwill.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 565.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.54 565.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 77.75 565.90 Td (value ) Tj ET Q q 0 0 0 rg BT 97.18 565.90 Td (assigned ) Tj ET Q q 0 0 0 rg BT 126.83 565.90 Td (to ) Tj ET Q q 0 0 0 rg BT 135.16 565.90 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 173.69 565.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 207.79 565.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 228.56 565.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 258.20 565.90 Td (is ) Tj ET Q q 0 0 0 rg BT 265.64 565.90 Td (supported ) Tj ET Q q 0 0 0 rg BT 299.30 565.90 Td (by ) Tj ET Q q 0 0 0 rg BT 309.40 565.90 Td (valuations ) Tj ET Q q 0 0 0 rg BT 344.39 565.90 Td (that ) Tj ET Q q 0 0 0 rg BT 358.49 565.90 Td (involve ) Tj ET Q q 0 0 0 rg BT 384.59 565.90 Td (the ) Tj ET Q q 0 0 0 rg BT 396.47 565.90 Td (use ) Tj ET Q q 0 0 0 rg BT 409.24 565.90 Td (of ) Tj ET Q q 0 0 0 rg BT 418.01 565.90 Td (a ) Tj ET Q q 0 0 0 rg BT 423.66 565.90 Td (lar) Tj ET Q q 0 0 0 rg BT 431.95 565.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 441.61 565.90 Td (number ) Tj ET Q q 0 0 0 rg BT 468.15 565.90 Td (of ) Tj ET Q q 0 0 0 rg BT 476.92 565.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 508.79 565.90 Td (and ) Tj ET Q q 0 0 0 rg BT 522.45 565.90 Td (assumptions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 556.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 80.77 556.30 Td (by ) Tj ET Q q 0 0 0 rg BT 91.10 556.30 Td (management. ) Tj ET Q q 0 0 0 rg BT 136.30 556.30 Td (If ) Tj ET Q q 0 0 0 rg BT 143.96 556.30 Td (we ) Tj ET Q q 0 0 0 rg BT 155.63 556.30 Td (make ) Tj ET Q q 0 0 0 rg BT 175.28 556.30 Td (dif) Tj ET Q q 0 0 0 rg BT 184.02 556.30 Td (ferent ) Tj ET Q q 0 0 0 rg BT 205.01 556.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 237.11 556.30 Td (and ) Tj ET Q q 0 0 0 rg BT 250.99 556.30 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 294.88 556.30 Td (the ) Tj ET Q q 0 0 0 rg BT 306.99 556.30 Td (valuations ) Tj ET Q q 0 0 0 rg BT 342.20 556.30 Td (of ) Tj ET Q q 0 0 0 rg BT 351.20 556.30 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 389.96 556.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 424.29 556.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 445.28 556.30 Td (change, ) Tj ET Q q 0 0 0 rg BT 472.27 556.30 Td (and ) Tj ET Q q 0 0 0 rg BT 486.15 556.30 Td (the ) Tj ET Q q 0 0 0 rg BT 498.25 556.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 524.58 556.30 Td (of ) Tj ET Q q 0 0 0 rg BT 533.58 556.30 Td (purchase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 546.70 Td (price ) Tj ET Q q 0 0 0 rg BT 67.99 546.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 106.42 546.70 Td (to ) Tj ET Q q 0 0 0 rg BT 114.64 546.70 Td (these ) Tj ET Q q 0 0 0 rg BT 133.08 546.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 153.74 546.70 Td (also ) Tj ET Q q 0 0 0 rg BT 168.63 546.70 Td (changes, ) Tj ET Q q 0 0 0 rg BT 198.39 546.70 Td (leading ) Tj ET Q q 0 0 0 rg BT 223.94 546.70 Td (to ) Tj ET Q q 0 0 0 rg BT 232.16 546.70 Td (a ) Tj ET Q q 0 0 0 rg BT 237.71 546.70 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 285.48 546.70 Td (change ) Tj ET Q q 0 0 0 rg BT 310.13 546.70 Td (in ) Tj ET Q q 0 0 0 rg BT 318.36 546.70 Td (the ) Tj ET Q q 0 0 0 rg BT 330.13 546.70 Td (value ) Tj ET Q q 0 0 0 rg BT 349.45 546.70 Td (of ) Tj ET Q q 0 0 0 rg BT 358.12 546.70 Td (goodwill.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.67 531.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 106.47 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.26 531.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 152.27 531.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.50 531.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.06 531.10 Td (have ) Tj ET Q q 0 0 0 rg BT 195.40 531.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 221.19 531.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 237.64 531.10 Td (according ) Tj ET Q q 0 0 0 rg BT 271.42 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.88 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.89 531.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 309.45 531.10 Td (location ) Tj ET Q q 0 0 0 rg BT 337.46 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.24 531.10 Td (type ) Tj ET Q q 0 0 0 rg BT 367.25 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.16 531.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.06 531.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 426.83 531.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.40 531.10 Td (each ) Tj ET Q q 0 0 0 rg BT 455.29 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.19 531.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.09 531.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 519.55 531.10 Td (For ) Tj ET Q q 0 0 0 rg BT 532.90 531.10 Td (example, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.50 Td (some ) Tj ET Q q 0 0 0 rg BT 68.48 521.50 Td (of ) Tj ET Q q 0 0 0 rg BT 76.73 521.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.09 521.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 129.24 521.50 Td (and ) Tj ET Q q 0 0 0 rg BT 142.38 521.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 173.74 521.50 Td (that ) Tj ET Q q 0 0 0 rg BT 187.33 521.50 Td (we ) Tj ET Q q 0 0 0 rg BT 198.25 521.50 Td (have ) Tj ET Q q 0 0 0 rg BT 214.94 521.50 Td (used ) Tj ET Q q 0 0 0 rg BT 231.19 521.50 Td (in ) Tj ET Q q 0 0 0 rg BT 239.00 521.50 Td (determining ) Tj ET Q q 0 0 0 rg BT 279.25 521.50 Td (the ) Tj ET Q q 0 0 0 rg BT 290.61 521.50 Td (value ) Tj ET Q q 0 0 0 rg BT 309.53 521.50 Td (of ) Tj ET Q q 0 0 0 rg BT 317.78 521.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 346.91 521.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 379.15 521.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 406.07 521.50 Td (are ) Tj ET Q q 0 0 0 rg BT 417.42 521.50 Td (as ) Tj ET Q q 0 0 0 rg BT 425.68 521.50 Td (follows: ) Tj ET Q q 0 0 0 rg BT 453.49 521.50 Td (methodology ) Tj ET Q q 0 0 0 rg BT 497.30 521.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 522.43 521.50 Td (in ) Tj ET Q q 0 0 0 rg BT 530.25 521.50 Td (valuation, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.90 Td (discount ) Tj ET Q q 0 0 0 rg BT 78.47 511.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 91.82 511.90 Td (\(being ) Tj ET Q q 0 0 0 rg BT 113.62 511.90 Td (the ) Tj ET Q q 0 0 0 rg BT 124.75 511.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 155.44 511.90 Td (average ) Tj ET Q q 0 0 0 rg BT 181.67 511.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 195.92 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 203.94 511.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.62 511.90 Td (and ) Tj ET Q q 0 0 0 rg BT 239.54 511.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 273.77 511.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 287.13 511.90 Td (factor\), ) Tj ET Q q 0 0 0 rg BT 311.81 511.90 Td (useful ) Tj ET Q q 0 0 0 rg BT 332.72 511.90 Td (life ) Tj ET Q q 0 0 0 rg BT 344.74 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 352.77 511.90 Td (license ) Tj ET Q q 0 0 0 rg BT 376.34 511.90 Td (\(definite ) Tj ET Q q 0 0 0 rg BT 404.80 511.90 Td (or ) Tj ET Q q 0 0 0 rg BT 412.82 511.90 Td (indefinite\) ) Tj ET Q q 0 0 0 rg BT 447.50 511.90 Td (and ) Tj ET Q q 0 0 0 rg BT 460.42 511.90 Td (probability ) Tj ET Q q 0 0 0 rg BT 496.88 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 504.91 511.90 Td (renewal, ) Tj ET Q q 0 0 0 rg BT 533.59 511.90 Td (audience ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 502.30 Td (share ) Tj ET Q q 0 0 0 rg BT 68.56 502.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 92.90 502.30 Td (and ) Tj ET Q q 0 0 0 rg BT 106.13 502.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 143.36 502.30 Td (market ) Tj ET Q q 0 0 0 rg BT 167.25 502.30 Td (share, ) Tj ET Q q 0 0 0 rg BT 187.80 502.30 Td (power ) Tj ET Q q 0 0 0 rg BT 209.47 502.30 Td (ratio ) Tj ET Q q 0 0 0 rg BT 225.81 502.30 Td (and ) Tj ET Q q 0 0 0 rg BT 239.04 502.30 Td (growth, ) Tj ET Q q 0 0 0 rg BT 265.38 502.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.38 502.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 316.72 502.30 Td (for ) Tj ET Q q 0 0 0 rg BT 327.73 502.30 Td (the ) Tj ET Q q 0 0 0 rg BT 339.18 502.30 Td (forecast ) Tj ET Q q 0 0 0 rg BT 366.18 502.30 Td (period ) Tj ET Q q 0 0 0 rg BT 388.29 502.30 Td (and ) Tj ET Q q 0 0 0 rg BT 401.52 502.30 Td (then ) Tj ET Q q 0 0 0 rg BT 416.97 502.30 Td (in ) Tj ET Q q 0 0 0 rg BT 424.88 502.30 Td (perpetuity) Tj ET Q q 0 0 0 rg BT 456.79 502.30 Td (, ) Tj ET Q q 0 0 0 rg BT 460.47 502.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 492.36 502.30 Td (mar) Tj ET Q q 0 0 0 rg BT 504.65 502.30 Td (gin ) Tj ET Q q 0 0 0 rg BT 516.55 502.30 Td (growth, ) Tj ET Q q 0 0 0 rg BT 542.90 502.30 Td (future ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 73.11 492.70 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 112.65 492.70 Td (and ) Tj ET Q q 0 0 0 rg BT 125.99 492.70 Td (working ) Tj ET Q q 0 0 0 rg BT 154.44 492.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 177.54 492.70 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 223.09 492.70 Td (future ) Tj ET Q q 0 0 0 rg BT 243.98 492.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 258.65 492.70 Td (saving ) Tj ET Q q 0 0 0 rg BT 281.32 492.70 Td (as ) Tj ET Q q 0 0 0 rg BT 289.77 492.70 Td (a ) Tj ET Q q 0 0 0 rg BT 295.11 492.70 Td (result ) Tj ET Q q 0 0 0 rg BT 314.66 492.70 Td (of ) Tj ET Q q 0 0 0 rg BT 323.11 492.70 Td (the ) Tj ET Q q 0 0 0 rg BT 334.67 492.70 Td (switch ) Tj ET Q q 0 0 0 rg BT 357.34 492.70 Td (from ) Tj ET Q q 0 0 0 rg BT 374.68 492.70 Td (an ) Tj ET Q q 0 0 0 rg BT 384.02 492.70 Td (analog ) Tj ET Q q 0 0 0 rg BT 407.13 492.70 Td (to ) Tj ET Q q 0 0 0 rg BT 415.13 492.70 Td (a ) Tj ET Q q 0 0 0 rg BT 420.47 492.70 Td (digital ) Tj ET Q q 0 0 0 rg BT 442.70 492.70 Td (environment, ) Tj ET Q q 0 0 0 rg BT 486.91 492.70 Td (inflation ) Tj ET Q q 0 0 0 rg BT 515.80 492.70 Td (and ) Tj ET Q q 0 0 0 rg BT 529.14 492.70 Td (workforce ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 66.89 483.10 Td (among ) Tj ET Q q 0 0 0 rg BT 90.66 483.10 Td (others.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.50 Td (All ) Tj ET Q q 0 0 0 rg BT 62.22 467.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 103.78 467.50 Td (and ) Tj ET Q q 0 0 0 rg BT 117.33 467.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 149.10 467.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 174.65 467.50 Td (are ) Tj ET Q q 0 0 0 rg BT 186.41 467.50 Td (based ) Tj ET Q q 0 0 0 rg BT 206.63 467.50 Td (on ) Tj ET Q q 0 0 0 rg BT 216.63 467.50 Td (best ) Tj ET Q q 0 0 0 rg BT 231.52 467.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 263.29 467.50 Td (at ) Tj ET Q q 0 0 0 rg BT 271.06 467.50 Td (the ) Tj ET Q q 0 0 0 rg BT 282.83 467.50 Td (respective ) Tj ET Q q 0 0 0 rg BT 317.26 467.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 354.36 467.50 Td (dates. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 451.90 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 89.33 451.90 Td (of ) Tj ET Q q 0 0 0 rg BT 97.55 451.90 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 129.55 451.90 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 161.77 451.90 Td (lived- ) Tj ET Q q 0 0 0 rg BT 181.98 451.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 216.42 451.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.54 451.90 Td (and ) Tj ET Q q 0 0 0 rg BT 251.54 451.90 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 285.97 451.90 Td (assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 436.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 436.30 Td (e ) Tj ET Q q 0 0 0 rg BT 63.38 436.30 Td (assess ) Tj ET Q q 0 0 0 rg BT 85.86 436.30 Td (the ) Tj ET Q q 0 0 0 rg BT 98.55 436.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 128.12 436.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 155.04 436.30 Td (of ) Tj ET Q q 0 0 0 rg BT 164.62 436.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 195.99 436.30 Td (and ) Tj ET Q q 0 0 0 rg BT 210.46 436.30 Td (other ) Tj ET Q q 0 0 0 rg BT 229.81 436.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.73 436.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 286.31 436.30 Td (with ) Tj ET Q q 0 0 0 rg BT 303.45 436.30 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 337.03 436.30 Td (lives ) Tj ET Q q 0 0 0 rg BT 355.06 436.30 Td (on ) Tj ET Q q 0 0 0 rg BT 365.98 436.30 Td (an ) Tj ET Q q 0 0 0 rg BT 376.45 436.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 400.69 436.30 Td (basis, ) Tj ET Q q 0 0 0 rg BT 421.61 436.30 Td (or ) Tj ET Q q 0 0 0 rg BT 431.20 436.30 Td (more ) Tj ET Q q 0 0 0 rg BT 450.55 436.30 Td (frequently ) Tj ET Q q 0 0 0 rg BT 486.35 436.30 Td (if ) Tj ET Q q 0 0 0 rg BT 494.16 436.30 Td (events ) Tj ET Q q 0 0 0 rg BT 517.51 436.30 Td (or ) Tj ET Q q 0 0 0 rg BT 527.10 436.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 555.78 436.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 426.70 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 97.61 426.70 Td (indicate ) Tj ET Q q 0 0 0 rg BT 125.22 426.70 Td (that ) Tj ET Q q 0 0 0 rg BT 139.51 426.70 Td (such ) Tj ET Q q 0 0 0 rg BT 156.47 426.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 185.42 426.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 211.71 426.70 Td (may ) Tj ET Q q 0 0 0 rg BT 227.78 426.70 Td (not ) Tj ET Q q 0 0 0 rg BT 240.30 426.70 Td (be ) Tj ET Q q 0 0 0 rg BT 250.14 426.70 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 291.74 426.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 312.25 426.70 Td (than ) Tj ET Q q 0 0 0 rg BT 328.32 426.70 Td (our ) Tj ET Q q 0 0 0 rg BT 341.28 426.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 364.90 426.70 Td (review) Tj ET Q q 0 0 0 rg BT 386.14 426.70 Td (, ) Tj ET Q q 0 0 0 rg BT 390.44 426.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 414.50 426.70 Td (we ) Tj ET Q q 0 0 0 rg BT 426.12 426.70 Td (consider ) Tj ET Q q 0 0 0 rg BT 455.52 426.70 Td (important ) Tj ET Q q 0 0 0 rg BT 488.92 426.70 Td (which ) Tj ET Q q 0 0 0 rg BT 510.77 426.70 Td (could ) Tj ET Q q 0 0 0 rg BT 530.83 426.70 Td (trigger ) Tj ET Q q 0 0 0 rg BT 554.45 426.70 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 89.02 417.10 Td (review ) Tj ET Q q 0 0 0 rg BT 112.93 417.10 Td (include: ) Tj ET Q q 0 0 0 rg BT 140.84 417.10 Td (under) Tj ET Q q 0 0 0 rg BT 158.89 417.10 Td (-performance ) Tj ET Q q 0 0 0 rg BT 204.11 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.92 417.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 244.38 417.10 Td (units ) Tj ET Q q 0 0 0 rg BT 262.08 417.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.89 417.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 298.79 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.16 417.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 339.06 417.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 364.09 417.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 391.99 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.36 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.27 417.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 438.40 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.20 417.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 481.78 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.59 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.50 417.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 522.19 417.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.88 417.10 Td (severe ) Tj ET Q q 0 0 0 rg BT 550.45 417.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 407.50 Td (sustained ) Tj ET Q q 0 0 0 rg BT 81.44 407.50 Td (decline ) Tj ET Q q 0 0 0 rg BT 106.20 407.50 Td (in ) Tj ET Q q 0 0 0 rg BT 114.09 407.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.53 407.50 Td (price ) Tj ET Q q 0 0 0 rg BT 143.18 407.50 Td (of ) Tj ET Q q 0 0 0 rg BT 151.51 407.50 Td (our ) Tj ET Q q 0 0 0 rg BT 163.84 407.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 185.50 407.50 Td (and ) Tj ET Q q 0 0 0 rg BT 198.71 407.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 227.47 407.50 Td (market ) Tj ET Q q 0 0 0 rg BT 251.35 407.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 286.35 407.50 Td (or ) Tj ET Q q 0 0 0 rg BT 294.68 407.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 327.44 407.50 Td (trends. ) Tj ET Q q 0 0 0 rg BT 350.54 407.50 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 385.73 407.50 Td (our ) Tj ET Q q 0 0 0 rg BT 398.06 407.50 Td (judgment ) Tj ET Q q 0 0 0 rg BT 429.94 407.50 Td (as ) Tj ET Q q 0 0 0 rg BT 438.27 407.50 Td (to ) Tj ET Q q 0 0 0 rg BT 446.16 407.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.60 407.50 Td (future ) Tj ET Q q 0 0 0 rg BT 478.37 407.50 Td (prospects ) Tj ET Q q 0 0 0 rg BT 510.25 407.50 Td (of ) Tj ET Q q 0 0 0 rg BT 518.58 407.50 Td (each ) Tj ET Q q 0 0 0 rg BT 534.89 407.50 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 397.90 Td (has ) Tj ET Q q 0 0 0 rg BT 62.34 397.90 Td (a ) Tj ET Q q 0 0 0 rg BT 67.56 397.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 103.01 397.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 126.45 397.90 Td (on ) Tj ET Q q 0 0 0 rg BT 136.12 397.90 Td (our ) Tj ET Q q 0 0 0 rg BT 148.46 397.90 Td (results ) Tj ET Q q 0 0 0 rg BT 171.02 397.90 Td (and ) Tj ET Q q 0 0 0 rg BT 184.25 397.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.90 397.90 Td (condition. ) Tj ET Q q 0 0 0 rg BT 247.68 397.90 Td (W) Tj ET Q q 0 0 0 rg BT 254.59 397.90 Td (e ) Tj ET Q q 0 0 0 rg BT 259.81 397.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 284.58 397.90 Td (that ) Tj ET Q q 0 0 0 rg BT 298.25 397.90 Td (our ) Tj ET Q q 0 0 0 rg BT 310.59 397.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 351.82 397.90 Td (are ) Tj ET Q q 0 0 0 rg BT 363.26 397.90 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 403.36 397.90 Td (If ) Tj ET Q q 0 0 0 rg BT 410.36 397.90 Td (future ) Tj ET Q q 0 0 0 rg BT 431.14 397.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.03 397.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 466.48 397.90 Td (do ) Tj ET Q q 0 0 0 rg BT 476.15 397.90 Td (not ) Tj ET Q q 0 0 0 rg BT 488.05 397.90 Td (materialize ) Tj ET Q q 0 0 0 rg BT 525.25 397.90 Td (as ) Tj ET Q q 0 0 0 rg BT 533.59 397.90 Td (expected ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.30 Td (or ) Tj ET Q q 0 0 0 rg BT 58.66 388.30 Td (there ) Tj ET Q q 0 0 0 rg BT 76.65 388.30 Td (is ) Tj ET Q q 0 0 0 rg BT 83.99 388.30 Td (a ) Tj ET Q q 0 0 0 rg BT 89.54 388.30 Td (future ) Tj ET Q q 0 0 0 rg BT 110.64 388.30 Td (adverse ) Tj ET Q q 0 0 0 rg BT 137.07 388.30 Td (change ) Tj ET Q q 0 0 0 rg BT 161.72 388.30 Td (in ) Tj ET Q q 0 0 0 rg BT 169.95 388.30 Td (market ) Tj ET Q q 0 0 0 rg BT 194.16 388.30 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 231.49 388.30 Td (we ) Tj ET Q q 0 0 0 rg BT 242.82 388.30 Td (may ) Tj ET Q q 0 0 0 rg BT 258.59 388.30 Td (be ) Tj ET Q q 0 0 0 rg BT 268.14 388.30 Td (unable ) Tj ET Q q 0 0 0 rg BT 291.46 388.30 Td (to ) Tj ET Q q 0 0 0 rg BT 299.69 388.30 Td (recover ) Tj ET Q q 0 0 0 rg BT 325.67 388.30 Td (the ) Tj ET Q q 0 0 0 rg BT 337.44 388.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 366.09 388.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 392.09 388.30 Td (of ) Tj ET Q q 0 0 0 rg BT 400.75 388.30 Td (an ) Tj ET Q q 0 0 0 rg BT 410.30 388.30 Td (asset, ) Tj ET Q q 0 0 0 rg BT 429.86 388.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 459.85 388.30 Td (in ) Tj ET Q q 0 0 0 rg BT 468.07 388.30 Td (future ) Tj ET Q q 0 0 0 rg BT 489.18 388.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 528.05 388.30 Td (losses.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 372.70 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 89.57 372.70 Td (tests ) Tj ET Q q 0 0 0 rg BT 106.04 372.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.95 372.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 145.65 372.70 Td (and ) Tj ET Q q 0 0 0 rg BT 159.45 372.70 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 211.01 372.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 245.25 372.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 266.17 372.70 Td (are ) Tj ET Q q 0 0 0 rg BT 278.18 372.70 Td (performed ) Tj ET Q q 0 0 0 rg BT 313.75 372.70 Td (at ) Tj ET Q q 0 0 0 rg BT 321.77 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 333.79 372.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 365.37 372.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 380.06 372.70 Td (level. ) Tj ET Q q 0 0 0 rg BT 399.86 372.70 Td (If ) Tj ET Q q 0 0 0 rg BT 407.43 372.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 437.67 372.70 Td (impairments ) Tj ET Q q 0 0 0 rg BT 479.92 372.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.83 372.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 519.52 372.70 Td (exist, ) Tj ET Q q 0 0 0 rg BT 538.88 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 550.90 372.70 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (value ) Tj ET Q q 0 0 0 rg BT 69.37 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.07 363.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.89 363.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 121.25 363.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 135.74 363.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.12 363.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 186.93 363.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 219.63 363.10 Td (against ) Tj ET Q q 0 0 0 rg BT 244.33 363.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.15 363.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 269.29 363.10 Td (value ) Tj ET Q q 0 0 0 rg BT 288.66 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.36 363.10 Td (its ) Tj ET Q q 0 0 0 rg BT 306.96 363.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 343.67 363.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.37 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.96 363.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 411.78 363.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 445.37 363.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 477.86 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.12 363.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 514.82 363.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.41 363.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 550.89 363.10 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 353.50 Td (value ) Tj ET Q q 0 0 0 rg BT 69.48 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 78.30 353.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.23 353.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 121.71 353.50 Td (unit's ) Tj ET Q q 0 0 0 rg BT 140.87 353.50 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 173.00 353.50 Td (An ) Tj ET Q q 0 0 0 rg BT 184.93 353.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 223.97 353.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 238.58 353.50 Td (is ) Tj ET Q q 0 0 0 rg BT 246.07 353.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 283.32 353.50 Td (for ) Tj ET Q q 0 0 0 rg BT 294.80 353.50 Td (any ) Tj ET Q q 0 0 0 rg BT 308.51 353.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 331.55 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 340.37 353.50 Td (the ) Tj ET Q q 0 0 0 rg BT 352.30 353.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 381.11 353.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 407.26 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 416.08 353.50 Td (the ) Tj ET Q q 0 0 0 rg BT 428.01 353.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 459.49 353.50 Td (unit's ) Tj ET Q q 0 0 0 rg BT 478.65 353.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 509.25 353.50 Td (over ) Tj ET Q q 0 0 0 rg BT 525.63 353.50 Td (the ) Tj ET Q q 0 0 0 rg BT 537.56 353.50 Td (implied ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 343.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 63.22 343.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 84.67 343.90 Td (If ) Tj ET Q q 0 0 0 rg BT 92.12 343.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 122.69 343.90 Td (and ) Tj ET Q q 0 0 0 rg BT 136.36 343.90 Td (another ) Tj ET Q q 0 0 0 rg BT 162.47 343.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 180.14 343.90 Td (or ) Tj ET Q q 0 0 0 rg BT 188.93 343.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 206.60 343.90 Td (group ) Tj ET Q q 0 0 0 rg BT 227.39 343.90 Td (are ) Tj ET Q q 0 0 0 rg BT 239.28 343.90 Td (tested ) Tj ET Q q 0 0 0 rg BT 260.06 343.90 Td (for ) Tj ET Q q 0 0 0 rg BT 271.51 343.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 310.51 343.90 Td (at ) Tj ET Q q 0 0 0 rg BT 318.41 343.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.30 343.90 Td (same ) Tj ET Q q 0 0 0 rg BT 348.86 343.90 Td (time, ) Tj ET Q q 0 0 0 rg BT 367.20 343.90 Td (the ) Tj ET Q q 0 0 0 rg BT 379.10 343.90 Td (other ) Tj ET Q q 0 0 0 rg BT 397.66 343.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 418.44 343.90 Td (are ) Tj ET Q q 0 0 0 rg BT 430.33 343.90 Td (tested ) Tj ET Q q 0 0 0 rg BT 451.11 343.90 Td (for ) Tj ET Q q 0 0 0 rg BT 462.56 343.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 501.56 343.90 Td (before ) Tj ET Q q 0 0 0 rg BT 524.12 343.90 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 556.68 343.90 Td (If ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 334.30 Td (other ) Tj ET Q q 0 0 0 rg BT 80.21 334.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 97.76 334.30 Td (or ) Tj ET Q q 0 0 0 rg BT 106.43 334.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 123.98 334.30 Td (group ) Tj ET Q q 0 0 0 rg BT 144.64 334.30 Td (is ) Tj ET Q q 0 0 0 rg BT 151.98 334.30 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 184.41 334.30 Td (this ) Tj ET Q q 0 0 0 rg BT 197.97 334.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 236.85 334.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 251.30 334.30 Td (is ) Tj ET Q q 0 0 0 rg BT 258.63 334.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 295.72 334.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 313.27 334.30 Td (to ) Tj ET Q q 0 0 0 rg BT 321.50 334.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 351.94 334.30 Td (being ) Tj ET Q q 0 0 0 rg BT 371.71 334.30 Td (tested ) Tj ET Q q 0 0 0 rg BT 392.38 334.30 Td (for ) Tj ET Q q 0 0 0 rg BT 403.70 334.30 Td (impairment.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 318.70 Td (The ) Tj ET Q q 0 0 0 rg BT 63.74 318.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 76.13 318.70 Td (value ) Tj ET Q q 0 0 0 rg BT 94.76 318.70 Td (of ) Tj ET Q q 0 0 0 rg BT 102.72 318.70 Td (each ) Tj ET Q q 0 0 0 rg BT 118.67 318.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 149.29 318.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 165.03 318.70 Td (and ) Tj ET Q q 0 0 0 rg BT 177.88 318.70 Td (consequently ) Tj ET Q q 0 0 0 rg BT 221.39 318.70 Td (the ) Tj ET Q q 0 0 0 rg BT 232.46 318.70 Td (implied ) Tj ET Q q 0 0 0 rg BT 258.20 318.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 270.60 318.70 Td (value ) Tj ET Q q 0 0 0 rg BT 289.22 318.70 Td (of ) Tj ET Q q 0 0 0 rg BT 297.19 318.70 Td (the ) Tj ET Q q 0 0 0 rg BT 308.26 318.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 338.88 318.70 Td (unit's ) Tj ET Q q 0 0 0 rg BT 357.18 318.70 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 388.92 318.70 Td (is ) Tj ET Q q 0 0 0 rg BT 395.55 318.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 432.84 318.70 Td (using ) Tj ET Q q 0 0 0 rg BT 451.47 318.70 Td (an ) Tj ET Q q 0 0 0 rg BT 460.32 318.70 Td (income ) Tj ET Q q 0 0 0 rg BT 485.16 318.70 Td (methodology ) Tj ET Q q 0 0 0 rg BT 528.68 318.70 Td (estimating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 82.02 309.10 Td (future ) Tj ET Q q 0 0 0 rg BT 103.38 309.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.85 309.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 139.89 309.10 Td (related ) Tj ET Q q 0 0 0 rg BT 163.91 309.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.39 309.10 Td (each ) Tj ET Q q 0 0 0 rg BT 189.30 309.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 220.88 309.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 237.42 309.10 Td (These ) Tj ET Q q 0 0 0 rg BT 258.78 309.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 290.80 309.10 Td (future ) Tj ET Q q 0 0 0 rg BT 312.16 309.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.63 309.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 348.67 309.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.69 309.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 397.61 309.10 Td (back ) Tj ET Q q 0 0 0 rg BT 414.97 309.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.45 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.48 309.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 467.50 309.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 485.09 309.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 522.45 309.10 Td (assumptions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 299.50 Td (inherent ) Tj ET Q q 0 0 0 rg BT 78.49 299.50 Td (in ) Tj ET Q q 0 0 0 rg BT 86.99 299.50 Td (the ) Tj ET Q q 0 0 0 rg BT 99.05 299.50 Td (methodology ) Tj ET Q q 0 0 0 rg BT 143.55 299.50 Td (used ) Tj ET Q q 0 0 0 rg BT 160.49 299.50 Td (include ) Tj ET Q q 0 0 0 rg BT 186.32 299.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 218.37 299.50 Td (of ) Tj ET Q q 0 0 0 rg BT 227.31 299.50 Td (discount ) Tj ET Q q 0 0 0 rg BT 256.70 299.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 276.08 299.50 Td (future ) Tj ET Q q 0 0 0 rg BT 297.47 299.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 325.06 299.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 350.01 299.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 367.39 299.50 Td (and ) Tj ET Q q 0 0 0 rg BT 381.22 299.50 Td (a ) Tj ET Q q 0 0 0 rg BT 387.05 299.50 Td (number ) Tj ET Q q 0 0 0 rg BT 413.77 299.50 Td (of ) Tj ET Q q 0 0 0 rg BT 422.71 299.50 Td (other ) Tj ET Q q 0 0 0 rg BT 441.43 299.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 467.48 299.50 Td (all ) Tj ET Q q 0 0 0 rg BT 477.75 299.50 Td (of ) Tj ET Q q 0 0 0 rg BT 486.70 299.50 Td (which ) Tj ET Q q 0 0 0 rg BT 508.53 299.50 Td (are ) Tj ET Q q 0 0 0 rg BT 520.57 299.50 Td (based ) Tj ET Q q 0 0 0 rg BT 541.07 299.50 Td (on ) Tj ET Q q 0 0 0 rg BT 551.35 299.50 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 289.90 Td (assessment ) Tj ET Q q 0 0 0 rg BT 87.11 289.90 Td (of ) Tj ET Q q 0 0 0 rg BT 95.33 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.66 289.90 Td (future ) Tj ET Q q 0 0 0 rg BT 127.31 289.90 Td (prospects ) Tj ET Q q 0 0 0 rg BT 159.08 289.90 Td (and ) Tj ET Q q 0 0 0 rg BT 172.19 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 183.52 289.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 200.19 289.90 Td (inherent ) Tj ET Q q 0 0 0 rg BT 227.95 289.90 Td (at ) Tj ET Q q 0 0 0 rg BT 235.28 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 246.61 289.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 280.59 289.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 311.47 289.90 Td (units. ) Tj ET Q q 0 0 0 rg BT 330.48 289.90 Td (W) Tj ET Q q 0 0 0 rg BT 337.39 289.90 Td (e ) Tj ET Q q 0 0 0 rg BT 342.49 289.90 Td (have ) Tj ET Q q 0 0 0 rg BT 359.15 289.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 391.36 289.90 Td (six ) Tj ET Q q 0 0 0 rg BT 402.25 289.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 433.13 289.90 Td (units ) Tj ET Q q 0 0 0 rg BT 450.25 289.90 Td (which ) Tj ET Q q 0 0 0 rg BT 471.35 289.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 495.13 289.90 Td (of ) Tj ET Q q 0 0 0 rg BT 503.35 289.90 Td (our ) Tj ET Q q 0 0 0 rg BT 515.57 289.90 Td (six ) Tj ET Q q 0 0 0 rg BT 526.46 289.90 Td (geographic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 280.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 82.21 280.30 Td (segments: ) Tj ET Q q 0 0 0 rg BT 116.21 280.30 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 147.75 280.30 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 175.30 280.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 197.29 280.30 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 230.17 280.30 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 263.05 280.30 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 287.28 280.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 318.16 280.30 Td (and ) Tj ET Q q 0 0 0 rg BT 331.71 280.30 Td (Slovenia.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 264.70 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 98.83 264.70 Td (of ) Tj ET Q q 0 0 0 rg BT 107.22 264.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.62 264.70 Td (to ) Tj ET Q q 0 0 0 rg BT 135.57 264.70 Td (be ) Tj ET Q q 0 0 0 rg BT 144.86 264.70 Td (held ) Tj ET Q q 0 0 0 rg BT 160.36 264.70 Td (and ) Tj ET Q q 0 0 0 rg BT 173.65 264.70 Td (used ) Tj ET Q q 0 0 0 rg BT 190.04 264.70 Td (is ) Tj ET Q q 0 0 0 rg BT 197.11 264.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 229.50 264.70 Td (by ) Tj ET Q q 0 0 0 rg BT 239.23 264.70 Td (a ) Tj ET Q q 0 0 0 rg BT 244.51 264.70 Td (comparison ) Tj ET Q q 0 0 0 rg BT 283.57 264.70 Td (of ) Tj ET Q q 0 0 0 rg BT 291.96 264.70 Td (the ) Tj ET Q q 0 0 0 rg BT 303.47 264.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 331.86 264.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 357.58 264.70 Td (of ) Tj ET Q q 0 0 0 rg BT 365.98 264.70 Td (an ) Tj ET Q q 0 0 0 rg BT 375.26 264.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.55 264.70 Td (to ) Tj ET Q q 0 0 0 rg BT 400.50 264.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 432.89 264.70 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 477.28 264.70 Td (future ) Tj ET Q q 0 0 0 rg BT 498.12 264.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.06 264.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 533.57 264.70 Td (expected ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.24 255.10 Td (be ) Tj ET Q q 0 0 0 rg BT 67.81 255.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 100.92 255.10 Td (by ) Tj ET Q q 0 0 0 rg BT 110.93 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.72 255.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 157.17 255.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 176.59 255.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.05 255.10 Td (same ) Tj ET Q q 0 0 0 rg BT 209.50 255.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 241.29 255.10 Td (are ) Tj ET Q q 0 0 0 rg BT 253.07 255.10 Td (also ) Tj ET Q q 0 0 0 rg BT 267.98 255.10 Td (used ) Tj ET Q q 0 0 0 rg BT 284.66 255.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.90 255.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 322.91 255.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.26 255.10 Td (our ) Tj ET Q q 0 0 0 rg BT 346.94 255.10 Td (long- ) Tj ET Q q 0 0 0 rg BT 365.84 255.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.41 255.10 Td (short-range ) Tj ET Q q 0 0 0 rg BT 417.86 255.10 Td (business ) Tj ET Q q 0 0 0 rg BT 446.99 255.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 477.00 255.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.57 255.10 Td (forecasting. ) Tj ET Q q 0 0 0 rg BT 529.98 255.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.89 255.10 Td (e ) Tj ET Q q 0 0 0 rg BT 542.46 255.10 Td (assess ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 245.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.42 245.50 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 111.05 245.50 Td (of ) Tj ET Q q 0 0 0 rg BT 119.36 245.50 Td (the ) Tj ET Q q 0 0 0 rg BT 130.78 245.50 Td (inputs ) Tj ET Q q 0 0 0 rg BT 151.98 245.50 Td (and ) Tj ET Q q 0 0 0 rg BT 165.18 245.50 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 197.49 245.50 Td (of ) Tj ET Q q 0 0 0 rg BT 205.80 245.50 Td (our ) Tj ET Q q 0 0 0 rg BT 218.11 245.50 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 262.41 245.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.28 245.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 294.59 245.50 Td (analysis ) Tj ET Q q 0 0 0 rg BT 322.01 245.50 Td (against ) Tj ET Q q 0 0 0 rg BT 346.31 245.50 Td (available ) Tj ET Q q 0 0 0 rg BT 376.83 245.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 415.79 245.50 Td (market ) Tj ET Q q 0 0 0 rg BT 439.65 245.50 Td (data. ) Tj ET Q q 0 0 0 rg BT 456.62 245.50 Td (If ) Tj ET Q q 0 0 0 rg BT 463.59 245.50 Td (the ) Tj ET Q q 0 0 0 rg BT 475.01 245.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 503.31 245.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 528.95 245.50 Td (of ) Tj ET Q q 0 0 0 rg BT 537.26 245.50 Td (an ) Tj ET Q q 0 0 0 rg BT 546.46 245.50 Td (asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 235.90 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 77.21 235.90 Td (its ) Tj ET Q q 0 0 0 rg BT 86.66 235.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 119.21 235.90 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 163.77 235.90 Td (future ) Tj ET Q q 0 0 0 rg BT 184.76 235.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.87 235.90 Td (flows, ) Tj ET Q q 0 0 0 rg BT 222.54 235.90 Td (an ) Tj ET Q q 0 0 0 rg BT 231.98 235.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 270.76 235.90 Td (char) Tj ET Q q 0 0 0 rg BT 284.38 235.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 293.82 235.90 Td (is ) Tj ET Q q 0 0 0 rg BT 301.05 235.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 338.04 235.90 Td (for ) Tj ET Q q 0 0 0 rg BT 349.26 235.90 Td (the ) Tj ET Q q 0 0 0 rg BT 360.92 235.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 386.81 235.90 Td (by ) Tj ET Q q 0 0 0 rg BT 396.71 235.90 Td (which ) Tj ET Q q 0 0 0 rg BT 418.15 235.90 Td (the ) Tj ET Q q 0 0 0 rg BT 429.82 235.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 458.36 235.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 484.25 235.90 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 511.46 235.90 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 235.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.13 235.90 Td (value ) Tj ET Q q 0 0 0 rg BT 555.34 235.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 226.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 226.30 Td (respective ) Tj ET Q q 0 0 0 rg BT 96.20 226.30 Td (asset.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 210.70 Td (Assessing ) Tj ET Q q 0 0 0 rg BT 84.31 210.70 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 210.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 109.79 210.70 Td (value ) Tj ET Q q 0 0 0 rg BT 129.41 210.70 Td (of ) Tj ET Q q 0 0 0 rg BT 138.38 210.70 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 171.13 210.70 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 222.75 210.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 257.04 210.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 278.01 210.70 Td (and ) Tj ET Q q 0 0 0 rg BT 291.86 210.70 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 327.05 210.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 348.02 210.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 376.08 210.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 412.16 210.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 444.68 210.70 Td (and ) Tj ET Q q 0 0 0 rg BT 458.53 210.70 Td (involves ) Tj ET Q q 0 0 0 rg BT 487.94 210.70 Td (a ) Tj ET Q q 0 0 0 rg BT 493.80 210.70 Td (great ) Tj ET Q q 0 0 0 rg BT 512.09 210.70 Td (deal ) Tj ET Q q 0 0 0 rg BT 527.71 210.70 Td (of ) Tj ET Q q 0 0 0 rg BT 536.68 210.70 Td (detailed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 89.92 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.63 201.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 139.56 201.10 Td (business-specific ) Tj ET Q q 0 0 0 rg BT 196.37 201.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 224.30 201.10 Td (with ) Tj ET Q q 0 0 0 rg BT 240.68 201.10 Td (several ) Tj ET Q q 0 0 0 rg BT 265.49 201.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 300.09 201.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 341.81 201.10 Td (which ) Tj ET Q q 0 0 0 rg BT 363.52 201.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 393.66 201.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.04 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.97 201.10 Td (passage ) Tj ET Q q 0 0 0 rg BT 449.01 201.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.83 201.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 476.05 201.10 Td (The ) Tj ET Q q 0 0 0 rg BT 490.65 201.10 Td (table ) Tj ET Q q 0 0 0 rg BT 508.35 201.10 Td (below ) Tj ET Q q 0 0 0 rg BT 530.06 201.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 552.22 201.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 191.50 Td (key ) Tj ET Q q 0 0 0 rg BT 63.55 191.50 Td (measurements ) Tj ET Q q 0 0 0 rg BT 111.31 191.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 141.31 191.50 Td (and ) Tj ET Q q 0 0 0 rg BT 154.86 191.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.63 191.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 198.40 191.50 Td (methods ) Tj ET Q q 0 0 0 rg BT 227.51 191.50 Td (applied:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 166.00 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 166.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 166.00 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 136.00 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 136.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 136.00 254.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 166 m 303.5 166 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 166 m 307.5 166 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 166 m 561.5 166 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 170.23 Td (Measurement) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.00 170.23 Td (Valuation Method) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 155.25 Td (Recoverability of carrying amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 155.25 Td (Undiscounted future cash flows) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 140.25 Td (Fair value of broadcast licenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 140.25 Td (Build-out method) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 125.25 Td (Fair value of indefinite-lived trademarks) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 125.25 Td (Relief from royalty method) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 110.25 Td (Fair value of reporting units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 110.25 Td (Discounted cash flow model) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 90.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.56 90.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 93.34 90.90 Td (of ) Tj ET Q q 0 0 0 rg BT 102.12 90.90 Td (the ) Tj ET Q q 0 0 0 rg BT 114.02 90.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.35 90.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 150.25 90.90 Td (our ) Tj ET Q q 0 0 0 rg BT 163.03 90.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 198.48 90.90 Td (will ) Tj ET Q q 0 0 0 rg BT 213.04 90.90 Td (generate ) Tj ET Q q 0 0 0 rg BT 242.25 90.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.59 90.90 Td (future ) Tj ET Q q 0 0 0 rg BT 271.82 90.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.49 90.90 Td (forms ) Tj ET Q q 0 0 0 rg BT 318.27 90.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.17 90.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 348.29 90.90 Td (for ) Tj ET Q q 0 0 0 rg BT 359.73 90.90 Td (most ) Tj ET Q q 0 0 0 rg BT 377.41 90.90 Td (of ) Tj ET Q q 0 0 0 rg BT 386.20 90.90 Td (the ) Tj ET Q q 0 0 0 rg BT 398.09 90.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 433.98 90.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 475.66 90.90 Td (inherent ) Tj ET Q q 0 0 0 rg BT 503.99 90.90 Td (in ) Tj ET Q q 0 0 0 rg BT 512.33 90.90 Td (our ) Tj ET Q q 0 0 0 rg BT 525.12 90.90 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 81.30 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 79.29 81.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 94.14 81.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 136.54 81.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.61 81.30 Td (these ) Tj ET Q q 0 0 0 rg BT 164.46 81.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.09 81.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 201.28 81.30 Td (are ) Tj ET Q q 0 0 0 rg BT 213.45 81.30 Td (developed ) Tj ET Q q 0 0 0 rg BT 248.74 81.30 Td (during ) Tj ET Q q 0 0 0 rg BT 272.04 81.30 Td (our ) Tj ET Q q 0 0 0 rg BT 285.11 81.30 Td (long- ) Tj ET Q q 0 0 0 rg BT 304.41 81.30 Td (and ) Tj ET Q q 0 0 0 rg BT 318.37 81.30 Td (short-range ) Tj ET Q q 0 0 0 rg BT 357.21 81.30 Td (business ) Tj ET Q q 0 0 0 rg BT 386.74 81.30 Td (planning ) Tj ET Q q 0 0 0 rg BT 417.14 81.30 Td (processes, ) Tj ET Q q 0 0 0 rg BT 452.21 81.30 Td (which ) Tj ET Q q 0 0 0 rg BT 474.17 81.30 Td (are ) Tj ET Q q 0 0 0 rg BT 486.35 81.30 Td (designed ) Tj ET Q q 0 0 0 rg BT 517.20 81.30 Td (to ) Tj ET Q q 0 0 0 rg BT 525.83 81.30 Td (address ) Tj ET Q q 0 0 0 rg BT 552.24 81.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 71.70 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 92.87 71.70 Td (inherent ) Tj ET Q q 0 0 0 rg BT 121.08 71.70 Td (in ) Tj ET Q q 0 0 0 rg BT 129.30 71.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.08 71.70 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 178.62 71.70 Td (process ) Tj ET Q q 0 0 0 rg BT 204.61 71.70 Td (by ) Tj ET Q q 0 0 0 rg BT 214.61 71.70 Td (capturing ) Tj ET Q q 0 0 0 rg BT 246.82 71.70 Td (a ) Tj ET Q q 0 0 0 rg BT 252.37 71.70 Td (range ) Tj ET Q q 0 0 0 rg BT 272.14 71.70 Td (of ) Tj ET Q q 0 0 0 rg BT 280.80 71.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 309.02 71.70 Td (views ) Tj ET Q q 0 0 0 rg BT 329.69 71.70 Td (about ) Tj ET Q q 0 0 0 rg BT 349.46 71.70 Td (key ) Tj ET Q q 0 0 0 rg BT 363.01 71.70 Td (trends ) Tj ET Q q 0 0 0 rg BT 384.56 71.70 Td (which ) Tj ET Q q 0 0 0 rg BT 406.11 71.70 Td (govern ) Tj ET Q q 0 0 0 rg BT 430.33 71.70 Td (future ) Tj ET Q q 0 0 0 rg BT 451.43 71.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 467.64 71.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 484.31 71.70 Td (growth.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (38) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (Historically) Tj ET Q q 0 0 0 rg BT 87.25 743.50 Td (, ) Tj ET Q q 0 0 0 rg BT 91.33 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 103.19 743.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 127.48 743.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.78 743.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 160.53 743.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 185.28 743.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 202.46 743.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 232.97 743.50 Td (by ) Tj ET Q q 0 0 0 rg BT 243.05 743.50 Td (our ) Tj ET Q q 0 0 0 rg BT 255.80 743.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.21 743.50 Td (have ) Tj ET Q q 0 0 0 rg BT 308.39 743.50 Td (not ) Tj ET Q q 0 0 0 rg BT 320.70 743.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 351.22 743.50 Td (a ) Tj ET Q q 0 0 0 rg BT 356.85 743.50 Td (good ) Tj ET Q q 0 0 0 rg BT 374.93 743.50 Td (indication ) Tj ET Q q 0 0 0 rg BT 409.01 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 417.76 743.50 Td (future ) Tj ET Q q 0 0 0 rg BT 438.94 743.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 455.24 743.50 Td (flows. ) Tj ET Q q 0 0 0 rg BT 476.95 743.50 Td (This ) Tj ET Q q 0 0 0 rg BT 493.25 743.50 Td (is ) Tj ET Q q 0 0 0 rg BT 500.67 743.50 Td (lar) Tj ET Q q 0 0 0 rg BT 508.97 743.50 Td (gely ) Tj ET Q q 0 0 0 rg BT 524.82 743.50 Td (because ) Tj ET Q q 0 0 0 rg BT 552.22 743.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 77.30 733.90 Td (in ) Tj ET Q q 0 0 0 rg BT 85.51 733.90 Td (which ) Tj ET Q q 0 0 0 rg BT 107.04 733.90 Td (we ) Tj ET Q q 0 0 0 rg BT 118.34 733.90 Td (operate ) Tj ET Q q 0 0 0 rg BT 143.86 733.90 Td (are ) Tj ET Q q 0 0 0 rg BT 155.61 733.90 Td (relatively ) Tj ET Q q 0 0 0 rg BT 187.79 733.90 Td (new ) Tj ET Q q 0 0 0 rg BT 203.10 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 216.63 733.90 Td (have ) Tj ET Q q 0 0 0 rg BT 233.71 733.90 Td (experienced ) Tj ET Q q 0 0 0 rg BT 274.33 733.90 Td (high ) Tj ET Q q 0 0 0 rg BT 290.54 733.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 311.17 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 319.82 733.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 344.46 733.90 Td (as ) Tj ET Q q 0 0 0 rg BT 353.11 733.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 390.63 733.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 417.94 733.90 Td (became ) Tj ET Q q 0 0 0 rg BT 444.34 733.90 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 468.98 733.90 Td (established. ) Tj ET Q q 0 0 0 rg BT 508.51 733.90 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 535.59 733.90 Td (we ) Tj ET Q q 0 0 0 rg BT 546.90 733.90 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (observed ) Tj ET Q q 0 0 0 rg BT 80.63 724.30 Td (over ) Tj ET Q q 0 0 0 rg BT 96.59 724.30 Td (many ) Tj ET Q q 0 0 0 rg BT 116.11 724.30 Td (years ) Tj ET Q q 0 0 0 rg BT 134.73 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 140.03 724.30 Td (strong ) Tj ET Q q 0 0 0 rg BT 161.77 724.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 188.85 724.30 Td (correlation ) Tj ET Q q 0 0 0 rg BT 225.25 724.30 Td (between ) Tj ET Q q 0 0 0 rg BT 253.64 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 265.16 724.30 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 320.66 724.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 362.82 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 371.23 724.30 Td (our ) Tj ET Q q 0 0 0 rg BT 383.64 724.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 410.71 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 424.01 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 435.53 724.30 Td (size ) Tj ET Q q 0 0 0 rg BT 449.71 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 458.13 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 469.64 724.30 Td (television ) Tj ET Q q 0 0 0 rg BT 502.50 724.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 539.79 724.30 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.35 714.70 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 97.59 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.17 714.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.18 714.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 144.76 714.70 Td (we ) Tj ET Q q 0 0 0 rg BT 155.89 714.70 Td (generate. ) Tj ET Q q 0 0 0 rg BT 186.65 714.70 Td (W) Tj ET Q q 0 0 0 rg BT 193.88 714.70 Td (ith ) Tj ET Q q 0 0 0 rg BT 204.13 714.70 Td (this ) Tj ET Q q 0 0 0 rg BT 217.49 714.70 Td (in ) Tj ET Q q 0 0 0 rg BT 225.52 714.70 Td (mind, ) Tj ET Q q 0 0 0 rg BT 245.76 714.70 Td (we ) Tj ET Q q 0 0 0 rg BT 256.89 714.70 Td (have ) Tj ET Q q 0 0 0 rg BT 273.80 714.70 Td (placed ) Tj ET Q q 0 0 0 rg BT 296.47 714.70 Td (a ) Tj ET Q q 0 0 0 rg BT 301.83 714.70 Td (high ) Tj ET Q q 0 0 0 rg BT 317.85 714.70 Td (importance ) Tj ET Q q 0 0 0 rg BT 355.64 714.70 Td (on ) Tj ET Q q 0 0 0 rg BT 365.44 714.70 Td (developing ) Tj ET Q q 0 0 0 rg BT 402.79 714.70 Td (our ) Tj ET Q q 0 0 0 rg BT 415.25 714.70 Td (expectations ) Tj ET Q q 0 0 0 rg BT 457.04 714.70 Td (for ) Tj ET Q q 0 0 0 rg BT 468.17 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 479.74 714.70 Td (future ) Tj ET Q q 0 0 0 rg BT 500.65 714.70 Td (development ) Tj ET Q q 0 0 0 rg BT 543.77 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 552.23 714.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 105.74 705.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 148.17 705.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.39 705.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 183.92 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.69 705.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 233.23 705.10 Td (market ) Tj ET Q q 0 0 0 rg BT 257.44 705.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.98 705.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.64 705.10 Td (share ) Tj ET Q q 0 0 0 rg BT 302.51 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.17 705.10 Td (it ) Tj ET Q q 0 0 0 rg BT 317.61 705.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.83 705.10 Td (particular) Tj ET Q q 0 0 0 rg BT 356.03 705.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.88 705.10 Td (While ) Tj ET Q q 0 0 0 rg BT 381.42 705.10 Td (this ) Tj ET Q q 0 0 0 rg BT 394.98 705.10 Td (has ) Tj ET Q q 0 0 0 rg BT 407.64 705.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 437.63 705.10 Td (an ) Tj ET Q q 0 0 0 rg BT 447.17 705.10 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 488.70 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.36 705.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 529.12 705.10 Td (trends, ) Tj ET Q q 0 0 0 rg BT 552.67 705.10 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 695.50 Td (have ) Tj ET Q q 0 0 0 rg BT 66.96 695.50 Td (placed ) Tj ET Q q 0 0 0 rg BT 89.70 695.50 Td (a ) Tj ET Q q 0 0 0 rg BT 95.11 695.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 117.41 695.50 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 149.04 695.50 Td (on ) Tj ET Q q 0 0 0 rg BT 158.90 695.50 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 196.30 695.50 Td (these ) Tj ET Q q 0 0 0 rg BT 214.60 695.50 Td (market ) Tj ET Q q 0 0 0 rg BT 238.67 695.50 Td (trends, ) Tj ET Q q 0 0 0 rg BT 262.08 695.50 Td (which ) Tj ET Q q 0 0 0 rg BT 283.49 695.50 Td (has ) Tj ET Q q 0 0 0 rg BT 296.02 695.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 325.87 695.50 Td (a ) Tj ET Q q 0 0 0 rg BT 331.28 695.50 Td (detailed ) Tj ET Q q 0 0 0 rg BT 358.46 695.50 Td (review ) Tj ET Q q 0 0 0 rg BT 382.09 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 390.61 695.50 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 446.22 695.50 Td (data, ) Tj ET Q q 0 0 0 rg BT 463.41 695.50 Td (a ) Tj ET Q q 0 0 0 rg BT 468.82 695.50 Td (range ) Tj ET Q q 0 0 0 rg BT 488.45 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 496.97 695.50 Td (both ) Tj ET Q q 0 0 0 rg BT 513.05 695.50 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 550.45 695.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 685.90 Td (publicly-available ) Tj ET Q q 0 0 0 rg BT 109.75 685.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 141.52 685.90 Td (for ) Tj ET Q q 0 0 0 rg BT 152.85 685.90 Td (future ) Tj ET Q q 0 0 0 rg BT 173.95 685.90 Td (market ) Tj ET Q q 0 0 0 rg BT 198.16 685.90 Td (development, ) Tj ET Q q 0 0 0 rg BT 243.48 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 257.04 685.90 Td (a ) Tj ET Q q 0 0 0 rg BT 262.59 685.90 Td (process ) Tj ET Q q 0 0 0 rg BT 288.58 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 297.24 685.90 Td (on-going ) Tj ET Q q 0 0 0 rg BT 328.13 685.90 Td (consultation ) Tj ET Q q 0 0 0 rg BT 369.23 685.90 Td (with ) Tj ET Q q 0 0 0 rg BT 385.46 685.90 Td (local ) Tj ET Q q 0 0 0 rg BT 403.00 685.90 Td (management.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.30 Td (In ) Tj ET Q q 0 0 0 rg BT 59.16 670.30 Td (developing ) Tj ET Q q 0 0 0 rg BT 97.21 670.30 Td (our ) Tj ET Q q 0 0 0 rg BT 110.37 670.30 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 141.30 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 150.46 670.30 Td (future ) Tj ET Q q 0 0 0 rg BT 172.06 670.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.77 670.30 Td (flows, ) Tj ET Q q 0 0 0 rg BT 211.05 670.30 Td (we ) Tj ET Q q 0 0 0 rg BT 222.87 670.30 Td (take ) Tj ET Q q 0 0 0 rg BT 238.70 670.30 Td (into ) Tj ET Q q 0 0 0 rg BT 253.64 670.30 Td (account ) Tj ET Q q 0 0 0 rg BT 281.01 670.30 Td (all ) Tj ET Q q 0 0 0 rg BT 291.51 670.30 Td (available ) Tj ET Q q 0 0 0 rg BT 322.88 670.30 Td (external ) Tj ET Q q 0 0 0 rg BT 351.13 670.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 383.40 670.30 Td (in ) Tj ET Q q 0 0 0 rg BT 392.12 670.30 Td (addition ) Tj ET Q q 0 0 0 rg BT 420.84 670.30 Td (to ) Tj ET Q q 0 0 0 rg BT 429.56 670.30 Td (considering ) Tj ET Q q 0 0 0 rg BT 469.38 670.30 Td (developments ) Tj ET Q q 0 0 0 rg BT 516.31 670.30 Td (in ) Tj ET Q q 0 0 0 rg BT 525.04 670.30 Td (each ) Tj ET Q q 0 0 0 rg BT 542.19 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 551.35 670.30 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.70 Td (markets, ) Tj ET Q q 0 0 0 rg BT 78.72 660.70 Td (which ) Tj ET Q q 0 0 0 rg BT 99.67 660.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 125.51 660.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 145.12 660.70 Td (evidence ) Tj ET Q q 0 0 0 rg BT 174.95 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 183.01 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.18 660.70 Td (state ) Tj ET Q q 0 0 0 rg BT 210.24 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 218.31 660.70 Td (the ) Tj ET Q q 0 0 0 rg BT 229.48 660.70 Td (market ) Tj ET Q q 0 0 0 rg BT 253.09 660.70 Td (and ) Tj ET Q q 0 0 0 rg BT 266.04 660.70 Td (future ) Tj ET Q q 0 0 0 rg BT 286.54 660.70 Td (market ) Tj ET Q q 0 0 0 rg BT 310.15 660.70 Td (development. ) Tj ET Q q 0 0 0 rg BT 354.87 660.70 Td (In ) Tj ET Q q 0 0 0 rg BT 362.93 660.70 Td (concluding ) Tj ET Q q 0 0 0 rg BT 399.88 660.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 427.04 660.70 Td (a ) Tj ET Q q 0 0 0 rg BT 432.00 660.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 461.84 660.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 500.12 660.70 Td (char) Tj ET Q q 0 0 0 rg BT 513.74 660.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 522.69 660.70 Td (is ) Tj ET Q q 0 0 0 rg BT 529.42 660.70 Td (necessary) Tj ET Q q 0 0 0 rg BT 560.00 660.70 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.10 Td (we ) Tj ET Q q 0 0 0 rg BT 61.17 651.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 88.78 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.39 651.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 139.11 651.10 Td (test ) Tj ET Q q 0 0 0 rg BT 152.06 651.10 Td (under ) Tj ET Q q 0 0 0 rg BT 172.12 651.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.51 651.10 Td (range ) Tj ET Q q 0 0 0 rg BT 197.12 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.63 651.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 233.69 651.10 Td (scenarios. ) Tj ET Q q 0 0 0 rg BT 267.30 651.10 Td (In ) Tj ET Q q 0 0 0 rg BT 275.80 651.10 Td (order ) Tj ET Q q 0 0 0 rg BT 294.53 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.59 651.10 Td (check ) Tj ET Q q 0 0 0 rg BT 323.08 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.70 651.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 384.52 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.03 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.64 651.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 417.59 651.10 Td (values ) Tj ET Q q 0 0 0 rg BT 439.87 651.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 466.15 651.10 Td (by ) Tj ET Q q 0 0 0 rg BT 475.99 651.10 Td (our ) Tj ET Q q 0 0 0 rg BT 488.50 651.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.55 651.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 521.06 651.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 552.67 651.10 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.50 Td (also ) Tj ET Q q 0 0 0 rg BT 65.16 641.50 Td (calculate ) Tj ET Q q 0 0 0 rg BT 95.85 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 107.89 641.50 Td (value ) Tj ET Q q 0 0 0 rg BT 127.49 641.50 Td (of ) Tj ET Q q 0 0 0 rg BT 136.42 641.50 Td (our ) Tj ET Q q 0 0 0 rg BT 149.36 641.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 168.46 641.50 Td (A) Tj ET Q q 0 0 0 rg BT 173.80 641.50 Td ( ) Tj ET Q q 0 0 0 rg BT 176.07 641.50 Td (common ) Tj ET Q q 0 0 0 rg BT 206.34 641.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 225.49 641.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 252.21 641.50 Td (by ) Tj ET Q q 0 0 0 rg BT 262.48 641.50 Td (our ) Tj ET Q q 0 0 0 rg BT 275.41 641.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 291.90 641.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 308.83 641.50 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 339.53 641.50 Td (and ) Tj ET Q q 0 0 0 rg BT 353.35 641.50 Td (compare ) Tj ET Q q 0 0 0 rg BT 383.16 641.50 Td (this ) Tj ET Q q 0 0 0 rg BT 396.99 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 405.48 641.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 426.85 641.50 Td (traded ) Tj ET Q q 0 0 0 rg BT 449.11 641.50 Td (values ) Tj ET Q q 0 0 0 rg BT 471.82 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 480.31 641.50 Td (understand ) Tj ET Q q 0 0 0 rg BT 517.68 641.50 Td (the ) Tj ET Q q 0 0 0 rg BT 529.73 641.50 Td (dif) Tj ET Q q 0 0 0 rg BT 538.47 641.50 Td (ference ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 631.90 Td (between ) Tj ET Q q 0 0 0 rg BT 78.65 631.90 Td (the ) Tj ET Q q 0 0 0 rg BT 90.43 631.90 Td (two.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 616.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.64 616.30 Td (method ) Tj ET Q q 0 0 0 rg BT 93.29 616.30 Td (noted ) Tj ET Q q 0 0 0 rg BT 112.72 616.30 Td (above ) Tj ET Q q 0 0 0 rg BT 133.48 616.30 Td (involves ) Tj ET Q q 0 0 0 rg BT 162.24 616.30 Td (a ) Tj ET Q q 0 0 0 rg BT 167.45 616.30 Td (number ) Tj ET Q q 0 0 0 rg BT 193.54 616.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.86 616.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 237.28 616.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 278.49 616.30 Td (over ) Tj ET Q q 0 0 0 rg BT 294.36 616.30 Td (an ) Tj ET Q q 0 0 0 rg BT 303.57 616.30 Td (extended ) Tj ET Q q 0 0 0 rg BT 334.10 616.30 Td (period ) Tj ET Q q 0 0 0 rg BT 356.19 616.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.51 616.30 Td (time ) Tj ET Q q 0 0 0 rg BT 380.38 616.30 Td (which ) Tj ET Q q 0 0 0 rg BT 401.58 616.30 Td (could ) Tj ET Q q 0 0 0 rg BT 421.01 616.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 455.10 616.30 Td (change ) Tj ET Q q 0 0 0 rg BT 479.40 616.30 Td (our ) Tj ET Q q 0 0 0 rg BT 491.72 616.30 Td (decision ) Tj ET Q q 0 0 0 rg BT 520.04 616.30 Td (as ) Tj ET Q q 0 0 0 rg BT 528.35 616.30 Td (to ) Tj ET Q q 0 0 0 rg BT 536.23 616.30 Td (whether ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 606.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.97 606.70 Td (are ) Tj ET Q q 0 0 0 rg BT 83.04 606.70 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 115.62 606.70 Td (The ) Tj ET Q q 0 0 0 rg BT 130.36 606.70 Td (most ) Tj ET Q q 0 0 0 rg BT 148.23 606.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 184.31 606.70 Td (of ) Tj ET Q q 0 0 0 rg BT 193.28 606.70 Td (these ) Tj ET Q q 0 0 0 rg BT 212.02 606.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 253.89 606.70 Td (include: ) Tj ET Q q 0 0 0 rg BT 281.97 606.70 Td (the ) Tj ET Q q 0 0 0 rg BT 294.05 606.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 323.47 606.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 337.76 606.70 Td (applied, ) Tj ET Q q 0 0 0 rg BT 365.62 606.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.70 606.70 Td (total ) Tj ET Q q 0 0 0 rg BT 394.22 606.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 432.08 606.70 Td (market ) Tj ET Q q 0 0 0 rg BT 456.60 606.70 Td (size, ) Tj ET Q q 0 0 0 rg BT 473.34 606.70 Td (achievable ) Tj ET Q q 0 0 0 rg BT 509.85 606.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 530.82 606.70 Td (of ) Tj ET Q q 0 0 0 rg BT 539.79 606.70 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 70.88 597.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 98.20 597.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 123.09 597.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.09 597.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.64 597.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.96 597.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 201.72 597.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.27 597.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.04 597.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 241.03 597.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.70 597.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 274.36 597.10 Td (into ) Tj ET Q q 0 0 0 rg BT 288.80 597.10 Td (perpetuity) Tj ET Q q 0 0 0 rg BT 320.72 597.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.72 597.10 Td (each ) Tj ET Q q 0 0 0 rg BT 341.37 597.10 Td (described ) Tj ET Q q 0 0 0 rg BT 374.02 597.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.25 597.10 Td (more ) Tj ET Q q 0 0 0 rg BT 400.68 597.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 420.45 597.10 Td (below:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 579.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 579.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 102.83 579.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.66 579.10 Td (capital: ) Tj ET Q q 0 0 0 rg BT 137.21 579.10 Td (The ) Tj ET Q q 0 0 0 rg BT 151.81 579.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 166.86 579.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.68 579.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.17 579.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 224.87 579.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.80 579.10 Td (return ) Tj ET Q q 0 0 0 rg BT 258.07 579.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.78 579.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 305.48 579.10 Td (market ) Tj ET Q q 0 0 0 rg BT 329.86 579.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 366.23 579.10 Td (would ) Tj ET Q q 0 0 0 rg BT 388.39 579.10 Td (require ) Tj ET Q q 0 0 0 rg BT 413.20 579.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.69 579.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.41 579.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 464.12 579.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 501.38 579.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.77 579.10 Td (an ) Tj ET Q q 0 0 0 rg BT 519.48 579.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 537.19 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.91 579.10 Td (can ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 569.50 Td (be ) Tj ET Q q 0 0 0 rg BT 94.77 569.50 Td (viewed ) Tj ET Q q 0 0 0 rg BT 119.08 569.50 Td (as ) Tj ET Q q 0 0 0 rg BT 126.96 569.50 Td (a ) Tj ET Q q 0 0 0 rg BT 131.73 569.50 Td (proxy ) Tj ET Q q 0 0 0 rg BT 151.61 569.50 Td (for ) Tj ET Q q 0 0 0 rg BT 162.15 569.50 Td (the ) Tj ET Q q 0 0 0 rg BT 173.14 569.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 186.36 569.50 Td (of ) Tj ET Q q 0 0 0 rg BT 194.24 569.50 Td (that ) Tj ET Q q 0 0 0 rg BT 207.45 569.50 Td (asset. ) Tj ET Q q 0 0 0 rg BT 226.13 569.50 Td (W) Tj ET Q q 0 0 0 rg BT 233.04 569.50 Td (e ) Tj ET Q q 0 0 0 rg BT 237.81 569.50 Td (calculate ) Tj ET Q q 0 0 0 rg BT 267.44 569.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.43 569.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 292.54 569.50 Td (of ) Tj ET Q q 0 0 0 rg BT 300.42 569.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.95 569.50 Td (according ) Tj ET Q q 0 0 0 rg BT 355.71 569.50 Td (to ) Tj ET Q q 0 0 0 rg BT 363.15 569.50 Td (the ) Tj ET Q q 0 0 0 rg BT 374.13 569.50 Td (Capital ) Tj ET Q q 0 0 0 rg BT 398.19 569.50 Td (Asset ) Tj ET Q q 0 0 0 rg BT 417.18 569.50 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 441.51 569.50 Td (Model ) Tj ET Q q 0 0 0 rg BT 463.61 569.50 Td (using ) Tj ET Q q 0 0 0 rg BT 482.16 569.50 Td (a ) Tj ET Q q 0 0 0 rg BT 486.93 569.50 Td (number ) Tj ET Q q 0 0 0 rg BT 512.58 569.50 Td (of ) Tj ET Q q 0 0 0 rg BT 520.46 569.50 Td (assumptions, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 559.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.83 559.90 Td (most ) Tj ET Q q 0 0 0 rg BT 115.45 559.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 151.27 559.90 Td (of ) Tj ET Q q 0 0 0 rg BT 159.99 559.90 Td (which ) Tj ET Q q 0 0 0 rg BT 181.60 559.90 Td (is ) Tj ET Q q 0 0 0 rg BT 188.99 559.90 Td (a ) Tj ET Q q 0 0 0 rg BT 194.60 559.90 Td (Country ) Tj ET Q q 0 0 0 rg BT 222.88 559.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 239.61 559.90 Td (Premium ) Tj ET Q q 0 0 0 rg BT 271.00 559.90 Td (\(CRP\). ) Tj ET Q q 0 0 0 rg BT 302.46 559.90 Td (The ) Tj ET Q q 0 0 0 rg BT 316.95 559.90 Td (CRP) Tj ET Q q 0 0 0 rg BT 331.77 559.90 Td ( ) Tj ET Q q 0 0 0 rg BT 333.83 559.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 359.43 559.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.26 559.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 394.19 559.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 408.25 559.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.53 559.90 Td (an ) Tj ET Q q 0 0 0 rg BT 426.13 559.90 Td (investor ) Tj ET Q q 0 0 0 rg BT 453.96 559.90 Td (of ) Tj ET Q q 0 0 0 rg BT 462.69 559.90 Td (investing ) Tj ET Q q 0 0 0 rg BT 494.07 559.90 Td (in ) Tj ET Q q 0 0 0 rg BT 502.35 559.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 529.73 559.90 Td (other ) Tj ET Q q 0 0 0 rg BT 548.23 559.90 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 550.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.61 550.30 Td (United ) Tj ET Q q 0 0 0 rg BT 121.23 550.30 Td (States ) Tj ET Q q 0 0 0 rg BT 142.18 550.30 Td (and ) Tj ET Q q 0 0 0 rg BT 155.57 550.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 187.17 550.30 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 220.11 550.30 Td (with ) Tj ET Q q 0 0 0 rg BT 236.17 550.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 277.99 550.30 Td (of ) Tj ET Q q 0 0 0 rg BT 286.50 550.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.10 550.30 Td (in ) Tj ET Q q 0 0 0 rg BT 322.16 550.30 Td (a ) Tj ET Q q 0 0 0 rg BT 327.55 550.30 Td (country's ) Tj ET Q q 0 0 0 rg BT 358.39 550.30 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 413.98 550.30 Td (environment. ) Tj ET Q q 0 0 0 rg BT 458.12 550.30 Td (The ) Tj ET Q q 0 0 0 rg BT 472.39 550.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.23 550.30 Td (of ) Tj ET Q q 0 0 0 rg BT 498.74 550.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 521.90 550.30 Td (that ) Tj ET Q q 0 0 0 rg BT 535.73 550.30 Td (we ) Tj ET Q q 0 0 0 rg BT 546.90 550.30 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 540.70 Td (applied ) Tj ET Q q 0 0 0 rg BT 111.35 540.70 Td (to ) Tj ET Q q 0 0 0 rg BT 119.37 540.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.39 540.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 154.96 540.70 Td (for ) Tj ET Q q 0 0 0 rg BT 166.09 540.70 Td (our ) Tj ET Q q 0 0 0 rg BT 178.56 540.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 196.36 540.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 219.48 540.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 258.16 540.70 Td (test ) Tj ET Q q 0 0 0 rg BT 271.07 540.70 Td (were ) Tj ET Q q 0 0 0 rg BT 288.42 540.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 308.43 540.70 Td (than ) Tj ET Q q 0 0 0 rg BT 324.01 540.70 Td (those ) Tj ET Q q 0 0 0 rg BT 342.70 540.70 Td (we ) Tj ET Q q 0 0 0 rg BT 353.82 540.70 Td (had ) Tj ET Q q 0 0 0 rg BT 367.18 540.70 Td (used ) Tj ET Q q 0 0 0 rg BT 383.64 540.70 Td (in ) Tj ET Q q 0 0 0 rg BT 391.66 540.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 409.46 540.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 448.14 540.70 Td (test ) Tj ET Q q 0 0 0 rg BT 461.05 540.70 Td (for ) Tj ET Q q 0 0 0 rg BT 472.18 540.70 Td (all ) Tj ET Q q 0 0 0 rg BT 481.98 540.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 513.11 540.70 Td (units ) Tj ET Q q 0 0 0 rg BT 530.46 540.70 Td (excluding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 531.10 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 111.48 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.96 531.10 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 156.83 531.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.13 531.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 202.38 531.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.53 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.24 531.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.17 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.77 531.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 272.02 531.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.18 531.10 Td (these ) Tj ET Q q 0 0 0 rg BT 298.55 531.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 329.81 531.10 Td (units ) Tj ET Q q 0 0 0 rg BT 347.30 531.10 Td (was ) Tj ET Q q 0 0 0 rg BT 361.68 531.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.38 531.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 415.75 531.10 Td (by ) Tj ET Q q 0 0 0 rg BT 425.68 531.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 456.93 531.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.09 531.10 Td (both ) Tj ET Q q 0 0 0 rg BT 481.25 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.95 531.10 Td (CRP) Tj ET Q q 0 0 0 rg BT 507.93 531.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.71 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.20 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.90 531.10 Td (risk-free ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 521.50 Td (rate. ) Tj ET Q q 0 0 0 rg BT 101.87 521.50 Td (The ) Tj ET Q q 0 0 0 rg BT 116.34 521.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 131.26 521.50 Td (of ) Tj ET Q q 0 0 0 rg BT 139.96 521.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 163.31 521.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 188.89 521.50 Td (to ) Tj ET Q q 0 0 0 rg BT 197.15 521.50 Td (our ) Tj ET Q q 0 0 0 rg BT 209.84 521.50 Td (remaining ) Tj ET Q q 0 0 0 rg BT 244.31 521.50 Td (units ) Tj ET Q q 0 0 0 rg BT 261.90 521.50 Td (was ) Tj ET Q q 0 0 0 rg BT 276.37 521.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 296.62 521.50 Td (in ) Tj ET Q q 0 0 0 rg BT 304.87 521.50 Td (our ) Tj ET Q q 0 0 0 rg BT 317.57 521.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 335.60 521.50 Td (test ) Tj ET Q q 0 0 0 rg BT 348.74 521.50 Td (as ) Tj ET Q q 0 0 0 rg BT 357.44 521.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 391.01 521.50 Td (to ) Tj ET Q q 0 0 0 rg BT 399.27 521.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 417.30 521.50 Td (due ) Tj ET Q q 0 0 0 rg BT 430.88 521.50 Td (to ) Tj ET Q q 0 0 0 rg BT 439.14 521.50 Td (a ) Tj ET Q q 0 0 0 rg BT 444.72 521.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 474.28 521.50 Td (in ) Tj ET Q q 0 0 0 rg BT 482.54 521.50 Td (the ) Tj ET Q q 0 0 0 rg BT 494.34 521.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 509.26 521.50 Td (of ) Tj ET Q q 0 0 0 rg BT 517.96 521.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 533.76 521.50 Td (based ) Tj ET Q q 0 0 0 rg BT 554.01 521.50 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 511.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 113.77 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 122.44 511.90 Td (the ) Tj ET Q q 0 0 0 rg BT 134.21 511.90 Td (yields ) Tj ET Q q 0 0 0 rg BT 155.32 511.90 Td (on ) Tj ET Q q 0 0 0 rg BT 165.32 511.90 Td (comparable ) Tj ET Q q 0 0 0 rg BT 204.63 511.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 236.84 511.90 Td (bonds ) Tj ET Q q 0 0 0 rg BT 257.95 511.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.50 511.90 Td (decreases ) Tj ET Q q 0 0 0 rg BT 304.14 511.90 Td (in ) Tj ET Q q 0 0 0 rg BT 312.37 511.90 Td (the ) Tj ET Q q 0 0 0 rg BT 324.14 511.90 Td (CRP) Tj ET Q q 0 0 0 rg BT 338.38 511.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 493.90 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 493.90 Td (T) Tj ET Q q 0 0 0 rg BT 90.33 493.90 Td (otal ) Tj ET Q q 0 0 0 rg BT 104.53 493.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 142.29 493.90 Td (market: ) Tj ET Q q 0 0 0 rg BT 168.77 493.90 Td (The ) Tj ET Q q 0 0 0 rg BT 183.42 493.90 Td (size ) Tj ET Q q 0 0 0 rg BT 198.06 493.90 Td (of ) Tj ET Q q 0 0 0 rg BT 206.94 493.90 Td (the ) Tj ET Q q 0 0 0 rg BT 218.92 493.90 Td (television ) Tj ET Q q 0 0 0 rg BT 252.23 493.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 289.99 493.90 Td (market ) Tj ET Q q 0 0 0 rg BT 314.41 493.90 Td (ef) Tj ET Q q 0 0 0 rg BT 320.48 493.90 Td (fectively ) Tj ET Q q 0 0 0 rg BT 350.67 493.90 Td (places ) Tj ET Q q 0 0 0 rg BT 372.87 493.90 Td (an ) Tj ET Q q 0 0 0 rg BT 382.63 493.90 Td (upper ) Tj ET Q q 0 0 0 rg BT 403.06 493.90 Td (limit ) Tj ET Q q 0 0 0 rg BT 420.38 493.90 Td (on ) Tj ET Q q 0 0 0 rg BT 430.59 493.90 Td (the ) Tj ET Q q 0 0 0 rg BT 442.57 493.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 480.32 493.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 507.85 493.90 Td (we ) Tj ET Q q 0 0 0 rg BT 519.39 493.90 Td (can ) Tj ET Q q 0 0 0 rg BT 532.70 493.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 555.78 493.90 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 484.30 Td (earn ) Tj ET Q q 0 0 0 rg BT 101.98 484.30 Td (in ) Tj ET Q q 0 0 0 rg BT 110.42 484.30 Td (each ) Tj ET Q q 0 0 0 rg BT 127.28 484.30 Td (country) Tj ET Q q 0 0 0 rg BT 151.20 484.30 Td (. ) Tj ET Q q 0 0 0 rg BT 155.41 484.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 170.07 484.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 198.94 484.30 Td (of ) Tj ET Q q 0 0 0 rg BT 207.82 484.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.80 484.30 Td (total ) Tj ET Q q 0 0 0 rg BT 236.24 484.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 274.00 484.30 Td (market ) Tj ET Q q 0 0 0 rg BT 298.42 484.30 Td (is ) Tj ET Q q 0 0 0 rg BT 305.97 484.30 Td (developed ) Tj ET Q q 0 0 0 rg BT 341.06 484.30 Td (from ) Tj ET Q q 0 0 0 rg BT 358.83 484.30 Td (a ) Tj ET Q q 0 0 0 rg BT 364.59 484.30 Td (number ) Tj ET Q q 0 0 0 rg BT 391.24 484.30 Td (of ) Tj ET Q q 0 0 0 rg BT 400.12 484.30 Td (external ) Tj ET Q q 0 0 0 rg BT 428.10 484.30 Td (sources, ) Tj ET Q q 0 0 0 rg BT 456.30 484.30 Td (in ) Tj ET Q q 0 0 0 rg BT 464.74 484.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 506.94 484.30 Td (with ) Tj ET Q q 0 0 0 rg BT 523.38 484.30 Td (a ) Tj ET Q q 0 0 0 rg BT 529.15 484.30 Td (process ) Tj ET Q q 0 0 0 rg BT 555.35 484.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 474.70 Td (on-going ) Tj ET Q q 0 0 0 rg BT 116.96 474.70 Td (consultation ) Tj ET Q q 0 0 0 rg BT 158.14 474.70 Td (with ) Tj ET Q q 0 0 0 rg BT 174.44 474.70 Td (local ) Tj ET Q q 0 0 0 rg BT 192.06 474.70 Td (management. ) Tj ET Q q 0 0 0 rg BT 237.00 474.70 Td (In ) Tj ET Q q 0 0 0 rg BT 245.74 474.70 Td (our ) Tj ET Q q 0 0 0 rg BT 258.48 474.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 281.88 474.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 320.83 474.70 Td (review ) Tj ET Q q 0 0 0 rg BT 344.67 474.70 Td (performed ) Tj ET Q q 0 0 0 rg BT 380.06 474.70 Td (in ) Tj ET Q q 0 0 0 rg BT 388.36 474.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.21 474.70 Td (fourth ) Tj ET Q q 0 0 0 rg BT 421.83 474.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 446.56 474.70 Td (of ) Tj ET Q q 0 0 0 rg BT 455.30 474.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 475.37 474.70 Td (we ) Tj ET Q q 0 0 0 rg BT 486.77 474.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 520.38 474.70 Td (our ) Tj ET Q q 0 0 0 rg BT 533.12 474.70 Td (medium- ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.25 465.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 132.49 465.10 Td (view ) Tj ET Q q 0 0 0 rg BT 149.74 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.10 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.57 465.10 Td (size ) Tj ET Q q 0 0 0 rg BT 183.70 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.06 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.53 465.10 Td (television ) Tj ET Q q 0 0 0 rg BT 236.33 465.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 273.58 465.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 300.60 465.10 Td (based ) Tj ET Q q 0 0 0 rg BT 320.51 465.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.20 465.10 Td (management's ) Tj ET Q q 0 0 0 rg BT 377.33 465.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 405.68 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.04 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.51 465.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 448.10 465.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.34 465.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 488.81 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.17 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.64 465.10 Td (market ) Tj ET Q q 0 0 0 rg BT 532.55 465.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 560.01 465.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 447.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 447.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 111.17 447.10 Td (share: ) Tj ET Q q 0 0 0 rg BT 132.18 447.10 Td (This ) Tj ET Q q 0 0 0 rg BT 148.47 447.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.87 447.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.49 447.10 Td (function ) Tj ET Q q 0 0 0 rg BT 190.21 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.94 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.78 447.10 Td (audience ) Tj ET Q q 0 0 0 rg BT 241.27 447.10 Td (share ) Tj ET Q q 0 0 0 rg BT 260.21 447.10 Td (we ) Tj ET Q q 0 0 0 rg BT 271.60 447.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 294.54 447.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.27 447.10 Td (stations ) Tj ET Q q 0 0 0 rg BT 333.78 447.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.07 447.10 Td (generate, ) Tj ET Q q 0 0 0 rg BT 373.22 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.84 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.67 447.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 424.72 447.10 Td (price ) Tj ET Q q 0 0 0 rg BT 442.78 447.10 Td (at ) Tj ET Q q 0 0 0 rg BT 450.61 447.10 Td (which ) Tj ET Q q 0 0 0 rg BT 472.23 447.10 Td (we ) Tj ET Q q 0 0 0 rg BT 483.62 447.10 Td (can ) Tj ET Q q 0 0 0 rg BT 496.79 447.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 509.96 447.10 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 549.57 447.10 Td (Our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 437.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 117.75 437.50 Td (of ) Tj ET Q q 0 0 0 rg BT 126.39 437.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.15 437.50 Td (total ) Tj ET Q q 0 0 0 rg BT 154.34 437.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 191.87 437.50 Td (market ) Tj ET Q q 0 0 0 rg BT 216.06 437.50 Td (and ) Tj ET Q q 0 0 0 rg BT 229.59 437.50 Td (our ) Tj ET Q q 0 0 0 rg BT 242.23 437.50 Td (share ) Tj ET Q q 0 0 0 rg BT 261.09 437.50 Td (of ) Tj ET Q q 0 0 0 rg BT 269.74 437.50 Td (the ) Tj ET Q q 0 0 0 rg BT 281.49 437.50 Td (market ) Tj ET Q q 0 0 0 rg BT 305.68 437.50 Td (are ) Tj ET Q q 0 0 0 rg BT 317.42 437.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 352.28 437.50 Td (from ) Tj ET Q q 0 0 0 rg BT 369.81 437.50 Td (a ) Tj ET Q q 0 0 0 rg BT 375.34 437.50 Td (number ) Tj ET Q q 0 0 0 rg BT 401.76 437.50 Td (of ) Tj ET Q q 0 0 0 rg BT 410.40 437.50 Td (external ) Tj ET Q q 0 0 0 rg BT 438.14 437.50 Td (sources, ) Tj ET Q q 0 0 0 rg BT 466.11 437.50 Td (in ) Tj ET Q q 0 0 0 rg BT 474.32 437.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 516.29 437.50 Td (with ) Tj ET Q q 0 0 0 rg BT 532.49 437.50 Td (a ) Tj ET Q q 0 0 0 rg BT 538.02 437.50 Td (process ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 427.90 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 427.90 Td (on-going ) Tj ET Q q 0 0 0 rg BT 125.55 427.90 Td (consultation ) Tj ET Q q 0 0 0 rg BT 166.66 427.90 Td (with ) Tj ET Q q 0 0 0 rg BT 182.88 427.90 Td (local ) Tj ET Q q 0 0 0 rg BT 200.43 427.90 Td (management. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 409.90 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 409.90 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 114.62 409.90 Td (OIBDA: ) Tj ET Q q 0 0 0 rg BT 143.59 409.90 Td (The ) Tj ET Q q 0 0 0 rg BT 157.54 409.90 Td (level ) Tj ET Q q 0 0 0 rg BT 174.61 409.90 Td (of ) Tj ET Q q 0 0 0 rg BT 182.79 409.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.53 409.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 214.71 409.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 247.32 409.90 Td (by ) Tj ET Q q 0 0 0 rg BT 256.84 409.90 Td (each ) Tj ET Q q 0 0 0 rg BT 273.01 409.90 Td (operation ) Tj ET Q q 0 0 0 rg BT 304.74 409.90 Td (is ) Tj ET Q q 0 0 0 rg BT 311.60 409.90 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 345.55 409.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 376.84 409.90 Td (by ) Tj ET Q q 0 0 0 rg BT 386.36 409.90 Td (the ) Tj ET Q q 0 0 0 rg BT 397.65 409.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 418.72 409.90 Td (to ) Tj ET Q q 0 0 0 rg BT 426.46 409.90 Td (which ) Tj ET Q q 0 0 0 rg BT 447.53 409.90 Td (we ) Tj ET Q q 0 0 0 rg BT 458.38 409.90 Td (manage ) Tj ET Q q 0 0 0 rg BT 484.77 409.90 Td (the ) Tj ET Q q 0 0 0 rg BT 496.07 409.90 Td (relationship ) Tj ET Q q 0 0 0 rg BT 535.35 409.90 Td (between ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 400.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.47 400.30 Td (and ) Tj ET Q q 0 0 0 rg BT 130.06 400.30 Td (costs. ) Tj ET Q q 0 0 0 rg BT 149.95 400.30 Td (W) Tj ET Q q 0 0 0 rg BT 156.86 400.30 Td (e ) Tj ET Q q 0 0 0 rg BT 162.45 400.30 Td (forecast ) Tj ET Q q 0 0 0 rg BT 189.81 400.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.62 400.30 Td (level ) Tj ET Q q 0 0 0 rg BT 219.20 400.30 Td (of ) Tj ET Q q 0 0 0 rg BT 227.91 400.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.16 400.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.20 400.30 Td (by ) Tj ET Q q 0 0 0 rg BT 288.24 400.30 Td (reference ) Tj ET Q q 0 0 0 rg BT 320.02 400.30 Td (to ) Tj ET Q q 0 0 0 rg BT 328.28 400.30 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 339.20 400.30 Td (the ) Tj ET Q q 0 0 0 rg BT 351.01 400.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 382.82 400.30 Td (absolute ) Tj ET Q q 0 0 0 rg BT 411.52 400.30 Td (and ) Tj ET Q q 0 0 0 rg BT 425.11 400.30 Td (relative ) Tj ET Q q 0 0 0 rg BT 451.13 400.30 Td (levels ) Tj ET Q q 0 0 0 rg BT 471.83 400.30 Td (of ) Tj ET Q q 0 0 0 rg BT 480.54 400.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.58 400.30 Td (we ) Tj ET Q q 0 0 0 rg BT 509.94 400.30 Td (have ) Tj ET Q q 0 0 0 rg BT 527.08 400.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 555.77 400.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 390.70 Td (generating ) Tj ET Q q 0 0 0 rg BT 121.05 390.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 147.65 390.70 Td (in ) Tj ET Q q 0 0 0 rg BT 155.15 390.70 Td (each ) Tj ET Q q 0 0 0 rg BT 171.09 390.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 201.70 390.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 217.43 390.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 228.04 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 239.10 390.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 270.59 390.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 297.20 390.70 Td (of ) Tj ET Q q 0 0 0 rg BT 305.15 390.70 Td (each ) Tj ET Q q 0 0 0 rg BT 321.09 390.70 Td (business ) Tj ET Q q 0 0 0 rg BT 349.48 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 362.32 390.70 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 372.48 390.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 398.64 390.70 Td (forecast ) Tj ET Q q 0 0 0 rg BT 425.24 390.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 442.53 390.70 Td (to ) Tj ET Q q 0 0 0 rg BT 450.03 390.70 Td (be ) Tj ET Q q 0 0 0 rg BT 458.87 390.70 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 488.80 390.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 502.53 390.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.14 390.70 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 381.10 Td (review ) Tj ET Q q 0 0 0 rg BT 109.77 381.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 138.43 381.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 179.98 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.21 381.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 210.63 381.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 237.96 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.62 381.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 261.51 381.10 Td (control ) Tj ET Q q 0 0 0 rg BT 286.17 381.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 317.93 381.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 337.26 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.48 381.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 362.80 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.36 381.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 421.45 381.10 Td (further ) Tj ET Q q 0 0 0 rg BT 445.21 381.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 460.10 381.10 Td (control ) Tj ET Q q 0 0 0 rg BT 484.76 381.10 Td (ef) Tj ET Q q 0 0 0 rg BT 490.83 381.10 Td (forts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 363.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 363.10 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 115.06 363.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 138.34 363.10 Td (expenditure: ) Tj ET Q q 0 0 0 rg BT 180.15 363.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.55 363.10 Td (size ) Tj ET Q q 0 0 0 rg BT 208.94 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.46 363.10 Td (phasing ) Tj ET Q q 0 0 0 rg BT 249.30 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.93 363.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.21 363.10 Td (expenditure, ) Tj ET Q q 0 0 0 rg BT 322.93 363.10 Td (both ) Tj ET Q q 0 0 0 rg BT 339.12 363.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 370.39 363.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 410.12 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.30 363.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 443.35 363.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 466.19 363.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 486.81 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.32 363.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 540.50 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.69 363.10 Td (new ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 353.50 Td (projects, ) Tj ET Q q 0 0 0 rg BT 115.61 353.50 Td (has ) Tj ET Q q 0 0 0 rg BT 128.56 353.50 Td (a ) Tj ET Q q 0 0 0 rg BT 134.40 353.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 170.46 353.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 194.52 353.50 Td (on ) Tj ET Q q 0 0 0 rg BT 204.81 353.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.31 353.50 Td (flows. ) Tj ET Q q 0 0 0 rg BT 243.21 353.50 Td (W) Tj ET Q q 0 0 0 rg BT 250.12 353.50 Td (e ) Tj ET Q q 0 0 0 rg BT 255.96 353.50 Td (forecast ) Tj ET Q q 0 0 0 rg BT 283.56 353.50 Td (the ) Tj ET Q q 0 0 0 rg BT 295.62 353.50 Td (level ) Tj ET Q q 0 0 0 rg BT 313.46 353.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.41 353.50 Td (future ) Tj ET Q q 0 0 0 rg BT 343.80 353.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 367.41 353.50 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 407.46 353.50 Td (based ) Tj ET Q q 0 0 0 rg BT 427.96 353.50 Td (on ) Tj ET Q q 0 0 0 rg BT 438.25 353.50 Td (current ) Tj ET Q q 0 0 0 rg BT 463.19 353.50 Td (strategies ) Tj ET Q q 0 0 0 rg BT 495.69 353.50 Td (and ) Tj ET Q q 0 0 0 rg BT 509.53 353.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 536.69 353.50 Td (forecast ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 343.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 104.46 343.90 Td (to ) Tj ET Q q 0 0 0 rg BT 113.15 343.90 Td (be ) Tj ET Q q 0 0 0 rg BT 123.17 343.90 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 154.29 343.90 Td (In ) Tj ET Q q 0 0 0 rg BT 163.41 343.90 Td (line ) Tj ET Q q 0 0 0 rg BT 177.88 343.90 Td (with ) Tj ET Q q 0 0 0 rg BT 194.56 343.90 Td (our ) Tj ET Q q 0 0 0 rg BT 207.69 343.90 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 236.38 343.90 Td (ef) Tj ET Q q 0 0 0 rg BT 242.45 343.90 Td (forts ) Tj ET Q q 0 0 0 rg BT 259.58 343.90 Td (to ) Tj ET Q q 0 0 0 rg BT 268.27 343.90 Td (protect ) Tj ET Q q 0 0 0 rg BT 292.94 343.90 Td (our ) Tj ET Q q 0 0 0 rg BT 306.07 343.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.75 343.90 Td (mar) Tj ET Q q 0 0 0 rg BT 351.04 343.90 Td (gins, ) Tj ET Q q 0 0 0 rg BT 368.84 343.90 Td (the ) Tj ET Q q 0 0 0 rg BT 381.08 343.90 Td (absolute ) Tj ET Q q 0 0 0 rg BT 410.20 343.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 431.33 343.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.46 343.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 464.24 343.90 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 504.47 343.90 Td (forecast ) Tj ET Q q 0 0 0 rg BT 532.25 343.90 Td (remained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 334.30 Td (broadly ) Tj ET Q q 0 0 0 rg BT 112.44 334.30 Td (constant ) Tj ET Q q 0 0 0 rg BT 141.10 334.30 Td (with ) Tj ET Q q 0 0 0 rg BT 157.32 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.09 334.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 186.64 334.30 Td (year ) Tj ET Q q 0 0 0 rg BT 202.41 334.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 241.29 334.30 Td (reviews.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 316.30 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 316.30 Td (Growth ) Tj ET Q q 0 0 0 rg BT 112.21 316.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 125.97 316.30 Td (into ) Tj ET Q q 0 0 0 rg BT 140.19 316.30 Td (perpetuity: ) Tj ET Q q 0 0 0 rg BT 176.49 316.30 Td (This ) Tj ET Q q 0 0 0 rg BT 192.48 316.30 Td (reflects ) Tj ET Q q 0 0 0 rg BT 217.79 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 229.34 316.30 Td (level ) Tj ET Q q 0 0 0 rg BT 246.66 316.30 Td (of ) Tj ET Q q 0 0 0 rg BT 255.09 316.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 287.96 316.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 312.40 316.30 Td (in ) Tj ET Q q 0 0 0 rg BT 320.39 316.30 Td (each ) Tj ET Q q 0 0 0 rg BT 336.82 316.30 Td (of ) Tj ET Q q 0 0 0 rg BT 345.25 316.30 Td (our ) Tj ET Q q 0 0 0 rg BT 357.69 316.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 384.78 316.30 Td (from ) Tj ET Q q 0 0 0 rg BT 402.10 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 413.65 316.30 Td (last ) Tj ET Q q 0 0 0 rg BT 426.53 316.30 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 461.17 316.30 Td (period ) Tj ET Q q 0 0 0 rg BT 483.38 316.30 Td (into ) Tj ET Q q 0 0 0 rg BT 497.59 316.30 Td (perpetuity ) Tj ET Q q 0 0 0 rg BT 531.80 316.30 Td (and ) Tj ET Q q 0 0 0 rg BT 545.12 316.30 Td (is ) Tj ET Q q 0 0 0 rg BT 552.23 316.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 306.70 Td (sum ) Tj ET Q q 0 0 0 rg BT 100.69 306.70 Td (of ) Tj ET Q q 0 0 0 rg BT 108.70 306.70 Td (an ) Tj ET Q q 0 0 0 rg BT 117.61 306.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 149.61 306.70 Td (real ) Tj ET Q q 0 0 0 rg BT 162.95 306.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 186.97 306.70 Td (rate, ) Tj ET Q q 0 0 0 rg BT 202.31 306.70 Td (which ) Tj ET Q q 0 0 0 rg BT 223.21 306.70 Td (reflects ) Tj ET Q q 0 0 0 rg BT 248.10 306.70 Td (our ) Tj ET Q q 0 0 0 rg BT 260.12 306.70 Td (belief ) Tj ET Q q 0 0 0 rg BT 279.68 306.70 Td (that ) Tj ET Q q 0 0 0 rg BT 293.03 306.70 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 348.13 306.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 372.14 306.70 Td (in ) Tj ET Q q 0 0 0 rg BT 379.72 306.70 Td (our ) Tj ET Q q 0 0 0 rg BT 391.73 306.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 418.41 306.70 Td (will ) Tj ET Q q 0 0 0 rg BT 432.21 306.70 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 466.00 306.70 Td (conver) Tj ET Q q 0 0 0 rg BT 487.62 306.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 496.52 306.70 Td (to ) Tj ET Q q 0 0 0 rg BT 504.00 306.70 Td (W) Tj ET Q q 0 0 0 rg BT 510.91 306.70 Td (estern ) Tj ET Q q 0 0 0 rg BT 531.36 306.70 Td (European ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 297.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 115.03 297.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.29 297.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 161.55 297.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 203.24 297.10 Td (for ) Tj ET Q q 0 0 0 rg BT 214.27 297.10 Td (inflation. ) Tj ET Q q 0 0 0 rg BT 245.09 297.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 259.24 297.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 290.71 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.09 297.10 Td (these ) Tj ET Q q 0 0 0 rg BT 317.23 297.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 334.04 297.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.52 297.10 Td (based ) Tj ET Q q 0 0 0 rg BT 365.44 297.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.15 297.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 411.51 297.10 Td (market ) Tj ET Q q 0 0 0 rg BT 435.43 297.10 Td (data ) Tj ET Q q 0 0 0 rg BT 450.46 297.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.72 297.10 Td (have ) Tj ET Q q 0 0 0 rg BT 480.53 297.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.46 297.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 520.82 297.10 Td (since ) Tj ET Q q 0 0 0 rg BT 538.96 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.44 297.10 Td (end ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 287.50 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 287.50 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 271.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.55 271.90 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 95.09 271.90 Td (utilized ) Tj ET Q q 0 0 0 rg BT 121.19 271.90 Td (for ) Tj ET Q q 0 0 0 rg BT 132.63 271.90 Td (our ) Tj ET Q q 0 0 0 rg BT 145.40 271.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 163.51 271.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 186.95 271.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 225.94 271.90 Td (test ) Tj ET Q q 0 0 0 rg BT 239.16 271.90 Td (are ) Tj ET Q q 0 0 0 rg BT 251.03 271.90 Td (based ) Tj ET Q q 0 0 0 rg BT 271.36 271.90 Td (on ) Tj ET Q q 0 0 0 rg BT 281.47 271.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.35 271.90 Td (operational ) Tj ET Q q 0 0 0 rg BT 331.45 271.90 Td (focus ) Tj ET Q q 0 0 0 rg BT 350.89 271.90 Td (of ) Tj ET Q q 0 0 0 rg BT 359.66 271.90 Td (our ) Tj ET Q q 0 0 0 rg BT 372.43 271.90 Td (new ) Tj ET Q q 0 0 0 rg BT 387.87 271.90 Td (executive ) Tj ET Q q 0 0 0 rg BT 420.63 271.90 Td (management ) Tj ET Q q 0 0 0 rg BT 463.61 271.90 Td (team. ) Tj ET Q q 0 0 0 rg BT 483.12 271.90 Td (W) Tj ET Q q 0 0 0 rg BT 490.03 271.90 Td (e ) Tj ET Q q 0 0 0 rg BT 495.69 271.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 518.67 271.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 536.79 271.90 Td (to ) Tj ET Q q 0 0 0 rg BT 545.12 271.90 Td (show ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 262.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 86.00 262.30 Td (improvement ) Tj ET Q q 0 0 0 rg BT 130.88 262.30 Td (over ) Tj ET Q q 0 0 0 rg BT 147.32 262.30 Td (the ) Tj ET Q q 0 0 0 rg BT 159.32 262.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.54 262.30 Td (results ) Tj ET Q q 0 0 0 rg BT 212.65 262.30 Td (of ) Tj ET Q q 0 0 0 rg BT 221.54 262.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 241.77 262.30 Td (and ) Tj ET Q q 0 0 0 rg BT 255.55 262.30 Td (build ) Tj ET Q q 0 0 0 rg BT 274.22 262.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 292.45 262.30 Td (that ) Tj ET Q q 0 0 0 rg BT 306.67 262.30 Td (in ) Tj ET Q q 0 0 0 rg BT 315.12 262.30 Td (2015. ) Tj ET Q q 0 0 0 rg BT 335.35 262.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 350.02 262.30 Td (medium- ) Tj ET Q q 0 0 0 rg BT 381.13 262.30 Td (and ) Tj ET Q q 0 0 0 rg BT 394.91 262.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 428.68 262.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 460.68 262.30 Td (of ) Tj ET Q q 0 0 0 rg BT 469.57 262.30 Td (the ) Tj ET Q q 0 0 0 rg BT 481.57 262.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 519.35 262.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 546.90 262.30 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 252.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 83.47 252.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.62 252.70 Td (our ) Tj ET Q q 0 0 0 rg BT 104.22 252.70 Td (current ) Tj ET Q q 0 0 0 rg BT 128.81 252.70 Td (forecast ) Tj ET Q q 0 0 0 rg BT 156.06 252.70 Td (as ) Tj ET Q q 0 0 0 rg BT 164.66 252.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 198.13 252.70 Td (to ) Tj ET Q q 0 0 0 rg BT 206.29 252.70 Td (our ) Tj ET Q q 0 0 0 rg BT 218.89 252.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 236.82 252.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 275.64 252.70 Td (test, ) Tj ET Q q 0 0 0 rg BT 290.68 252.70 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 323.26 252.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 347.86 252.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 364.90 252.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 389.05 252.70 Td (to ) Tj ET Q q 0 0 0 rg BT 397.21 252.70 Td (those ) Tj ET Q q 0 0 0 rg BT 416.03 252.70 Td (of ) Tj ET Q q 0 0 0 rg BT 424.63 252.70 Td (the ) Tj ET Q q 0 0 0 rg BT 436.34 252.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 470.70 252.70 Td (country's ) Tj ET Q q 0 0 0 rg BT 501.62 252.70 Td (GDP) Tj ET Q q 0 0 0 rg BT 516.74 252.70 Td (. ) Tj ET Q q 0 0 0 rg BT 520.54 252.70 Td (The ) Tj ET Q q 0 0 0 rg BT 534.91 252.70 Td (risk-free ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 64.03 243.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 89.62 243.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.88 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.70 243.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.96 243.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 145.78 243.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.04 243.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.75 243.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 194.10 243.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 226.35 243.10 Td (since ) Tj ET Q q 0 0 0 rg BT 244.83 243.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.54 243.10 Td (last ) Tj ET Q q 0 0 0 rg BT 270.69 243.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 309.61 243.10 Td (test ) Tj ET Q q 0 0 0 rg BT 322.76 243.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.02 243.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 351.07 243.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 383.76 243.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 406.24 243.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 430.49 243.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 461.42 243.10 Td (require ) Tj ET Q q 0 0 0 rg BT 486.12 243.10 Td (due ) Tj ET Q q 0 0 0 rg BT 499.71 243.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.97 243.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 555.78 243.10 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 233.50 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 105.95 233.50 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 143.32 233.50 Td (The ) Tj ET Q q 0 0 0 rg BT 157.95 233.50 Td (CRP) Tj ET Q q 0 0 0 rg BT 172.77 233.50 Td ( ) Tj ET Q q 0 0 0 rg BT 174.97 233.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 207.37 233.50 Td (slightly ) Tj ET Q q 0 0 0 rg BT 233.57 233.50 Td (in ) Tj ET Q q 0 0 0 rg BT 241.99 233.50 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 267.73 233.50 Td (from ) Tj ET Q q 0 0 0 rg BT 285.48 233.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 303.68 233.50 Td (to ) Tj ET Q q 0 0 0 rg BT 312.09 233.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 332.29 233.50 Td (and ) Tj ET Q q 0 0 0 rg BT 346.04 233.50 Td (more ) Tj ET Q q 0 0 0 rg BT 364.67 233.50 Td (significantly ) Tj ET Q q 0 0 0 rg BT 406.86 233.50 Td (in ) Tj ET Q q 0 0 0 rg BT 415.28 233.50 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 447.47 233.50 Td (where ) Tj ET Q q 0 0 0 rg BT 469.21 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 481.18 233.50 Td (distressed ) Tj ET Q q 0 0 0 rg BT 514.93 233.50 Td (banking ) Tj ET Q q 0 0 0 rg BT 542.90 233.50 Td (sector ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.90 Td (has ) Tj ET Q q 0 0 0 rg BT 62.66 223.90 Td (led ) Tj ET Q q 0 0 0 rg BT 74.44 223.90 Td (to ) Tj ET Q q 0 0 0 rg BT 82.66 223.90 Td (a ) Tj ET Q q 0 0 0 rg BT 88.21 223.90 Td (rating ) Tj ET Q q 0 0 0 rg BT 108.87 223.90 Td (agency ) Tj ET Q q 0 0 0 rg BT 133.52 223.90 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 171.07 223.90 Td (of ) Tj ET Q q 0 0 0 rg BT 179.73 223.90 Td (its ) Tj ET Q q 0 0 0 rg BT 189.29 223.90 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 222.39 223.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 238.16 223.90 Td (since ) Tj ET Q q 0 0 0 rg BT 256.60 223.90 Td (our ) Tj ET Q q 0 0 0 rg BT 269.27 223.90 Td (last ) Tj ET Q q 0 0 0 rg BT 282.38 223.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 321.25 223.90 Td (test.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 208.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 208.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.64 208.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 92.79 208.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 116.73 208.30 Td (impairments ) Tj ET Q q 0 0 0 rg BT 158.89 208.30 Td (of ) Tj ET Q q 0 0 0 rg BT 167.73 208.30 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 219.22 208.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 253.39 208.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 276.23 208.30 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 311.29 208.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 334.13 208.30 Td (and ) Tj ET Q q 0 0 0 rg BT 347.85 208.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 378.47 208.30 Td (in ) Tj ET Q q 0 0 0 rg BT 386.87 208.30 Td (our ) Tj ET Q q 0 0 0 rg BT 399.71 208.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 429.43 208.30 Td (and ) Tj ET Q q 0 0 0 rg BT 443.16 208.30 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 473.33 208.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 504.83 208.30 Td (units ) Tj ET Q q 0 0 0 rg BT 522.56 208.30 Td (in ) Tj ET Q q 0 0 0 rg BT 530.96 208.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 549.13 208.30 Td (\(see ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 198.70 Td (Item ) Tj ET Q q 0 0 0 rg BT 66.97 198.70 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.29 198.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 93.15 198.70 Td (4, ) Tj ET Q q 0 0 0 rg BT 101.46 198.70 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 137.27 198.70 Td (and ) Tj ET Q q 0 0 0 rg BT 151.13 198.70 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 185.37 198.70 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.52 198.70 Td (\). ) Tj ET Q q 0 0 0 rg BT 216.50 198.70 Td (In ) Tj ET Q q 0 0 0 rg BT 225.48 198.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 262.89 198.70 Td (with ) Tj ET Q q 0 0 0 rg BT 279.43 198.70 Td (our ) Tj ET Q q 0 0 0 rg BT 292.40 198.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 310.72 198.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 341.48 198.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 380.67 198.70 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 410.75 198.70 Td (we ) Tj ET Q q 0 0 0 rg BT 422.40 198.70 Td (have ) Tj ET Q q 0 0 0 rg BT 439.81 198.70 Td (concluded ) Tj ET Q q 0 0 0 rg BT 475.00 198.70 Td (that ) Tj ET Q q 0 0 0 rg BT 489.31 198.70 Td (the ) Tj ET Q q 0 0 0 rg BT 501.40 198.70 Td (total ) Tj ET Q q 0 0 0 rg BT 517.93 198.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 550.90 198.70 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (values ) Tj ET Q q 0 0 0 rg BT 72.38 189.10 Td (used ) Tj ET Q q 0 0 0 rg BT 88.98 189.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.24 189.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 130.62 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.22 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.93 189.10 Td (test ) Tj ET Q q 0 0 0 rg BT 163.98 189.10 Td (are ) Tj ET Q q 0 0 0 rg BT 175.68 189.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 211.82 189.10 Td (by ) Tj ET Q q 0 0 0 rg BT 221.76 189.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 257.91 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.62 189.10 Td (market ) Tj ET Q q 0 0 0 rg BT 293.77 189.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 338.80 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.40 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.11 189.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 392.16 189.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.32 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.03 189.10 Td (results ) Tj ET Q q 0 0 0 rg BT 434.85 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.45 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.16 189.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 491.76 189.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 507.91 189.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 527.63 189.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 555.34 189.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 179.50 Td (our ) Tj ET Q q 0 0 0 rg BT 62.66 179.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 93.99 179.50 Td (units, ) Tj ET Q q 0 0 0 rg BT 113.55 179.50 Td (as ) Tj ET Q q 0 0 0 rg BT 122.21 179.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 150.87 179.50 Td (for ) Tj ET Q q 0 0 0 rg BT 162.20 179.50 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 201.07 179.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 233.27 179.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 253.94 179.50 Td (and ) Tj ET Q q 0 0 0 rg BT 267.49 179.50 Td (liabilities.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (39) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.26 743.50 Td (table ) Tj ET Q q 0 0 0 rg BT 81.62 743.50 Td (below ) Tj ET Q q 0 0 0 rg BT 102.99 743.50 Td (shows ) Tj ET Q q 0 0 0 rg BT 124.82 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 136.41 743.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 172.87 743.50 Td (movement ) Tj ET Q q 0 0 0 rg BT 208.46 743.50 Td (in ) Tj ET Q q 0 0 0 rg BT 216.50 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 228.09 743.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 245.91 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 254.40 743.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 277.54 743.50 Td (that ) Tj ET Q q 0 0 0 rg BT 291.35 743.50 Td (we ) Tj ET Q q 0 0 0 rg BT 302.50 743.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 327.86 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 335.91 743.50 Td (each ) Tj ET Q q 0 0 0 rg BT 352.38 743.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 383.52 743.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 397.79 743.50 Td (with ) Tj ET Q q 0 0 0 rg BT 413.83 743.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 444.09 743.50 Td (between ) Tj ET Q q 0 0 0 rg BT 472.56 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 484.16 743.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 501.98 743.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.12 743.50 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (review ) Tj ET Q q 0 0 0 rg BT 73.23 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 86.25 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.49 733.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 120.28 733.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 158.62 733.90 Td (review ) Tj ET Q q 0 0 0 rg BT 181.85 733.90 Td (performed ) Tj ET Q q 0 0 0 rg BT 216.64 733.90 Td (in ) Tj ET Q q 0 0 0 rg BT 224.32 733.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 241.79 733.90 Td (along ) Tj ET Q q 0 0 0 rg BT 261.03 733.90 Td (with ) Tj ET Q q 0 0 0 rg BT 276.72 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 287.96 733.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 313.85 733.90 Td (movement, ) Tj ET Q q 0 0 0 rg BT 351.09 733.90 Td (in ) Tj ET Q q 0 0 0 rg BT 358.78 733.90 Td (percentage ) Tj ET Q q 0 0 0 rg BT 394.88 733.90 Td (terms, ) Tj ET Q q 0 0 0 rg BT 416.12 733.90 Td (required ) Tj ET Q q 0 0 0 rg BT 444.24 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 451.93 733.90 Td (make ) Tj ET Q q 0 0 0 rg BT 470.72 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 481.96 733.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 494.53 733.90 Td (value ) Tj ET Q q 0 0 0 rg BT 513.32 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 521.45 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 532.68 733.90 Td (reporting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 64.45 724.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 83.77 724.30 Td (their ) Tj ET Q q 0 0 0 rg BT 100.43 724.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 129.08 724.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 158.19 724.30 Td (\(with ) Tj ET Q q 0 0 0 rg BT 177.08 724.30 Td (all ) Tj ET Q q 0 0 0 rg BT 187.07 724.30 Td (other ) Tj ET Q q 0 0 0 rg BT 205.51 724.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.07 724.30 Td (constant\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 685.80 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 685.80 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 685.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 685.80 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 655.80 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 655.80 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 655.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 655.80 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 625.80 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 625.80 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 625.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 625.80 129.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 698.8 m 428.5 698.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 698.8 m 432.5 698.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 698.8 m 561.5 698.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 685.8 m 428.5 685.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 685.8 m 561.5 685.8 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.30 703.03 Td (Percentage change in cost of capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 690.03 Td (Reporting Unit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.35 690.03 Td (Between 2012 and 2013 review) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.65 690.03 Td (Increase necessary to break even) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 675.05 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 675.05 Td (\(0.5\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.55 675.05 Td (N/A) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 500.33 678.68 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 660.05 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.15 660.05 Td (0.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.15 660.05 Td (8.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 645.05 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 645.05 Td (\(0.4\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.15 645.05 Td (9.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 630.05 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 630.05 Td (\(0.2\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.15 630.05 Td (6.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 615.05 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.50 615.05 Td (\(0.7\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.15 615.05 Td (3.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 600.05 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.15 600.05 Td (0.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.55 600.05 Td (N/A) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 500.33 603.68 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 586.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 68.00 590.33 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.06 586.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.70 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 118.22 586.70 Td (in ) Tj ET Q q 0 0 0 rg BT 126.45 586.70 Td (these ) Tj ET Q q 0 0 0 rg BT 144.88 586.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 176.21 586.70 Td (units ) Tj ET Q q 0 0 0 rg BT 193.77 586.70 Td (was ) Tj ET Q q 0 0 0 rg BT 208.21 586.70 Td (impaired ) Tj ET Q q 0 0 0 rg BT 238.64 586.70 Td (during ) Tj ET Q q 0 0 0 rg BT 261.53 586.70 Td (the ) Tj ET Q q 0 0 0 rg BT 273.30 586.70 Td (fourth ) Tj ET Q q 0 0 0 rg BT 294.85 586.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 319.50 586.70 Td (of ) Tj ET Q q 0 0 0 rg BT 328.17 586.70 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (For ) Tj ET Q q 0 0 0 rg BT 63.48 571.10 Td (those ) Tj ET Q q 0 0 0 rg BT 82.73 571.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 114.41 571.10 Td (units ) Tj ET Q q 0 0 0 rg BT 132.34 571.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.92 571.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 179.73 571.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.76 571.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.89 571.10 Td (December ) Tj ET Q q 0 0 0 rg BT 232.13 571.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.49 571.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 264.85 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.99 571.10 Td (following ) Tj ET Q q 0 0 0 rg BT 310.46 571.10 Td (compound ) Tj ET Q q 0 0 0 rg BT 346.60 571.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 363.18 571.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 380.20 571.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 405.23 571.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 422.70 571.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.82 571.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 468.28 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.87 571.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 497.00 571.10 Td (failing ) Tj ET Q q 0 0 0 rg BT 520.25 571.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 536.84 571.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 543.20 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.23 571.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 561.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 80.25 561.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 118.93 561.50 Td (test. ) Tj ET Q q 0 0 0 rg BT 133.84 561.50 Td (For ) Tj ET Q q 0 0 0 rg BT 146.76 561.50 Td (comparison, ) Tj ET Q q 0 0 0 rg BT 187.89 561.50 Td (we ) Tj ET Q q 0 0 0 rg BT 199.02 561.50 Td (have ) Tj ET Q q 0 0 0 rg BT 215.93 561.50 Td (also ) Tj ET Q q 0 0 0 rg BT 230.62 561.50 Td (included ) Tj ET Q q 0 0 0 rg BT 259.97 561.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.54 561.50 Td (compound ) Tj ET Q q 0 0 0 rg BT 307.12 561.50 Td (average ) Tj ET Q q 0 0 0 rg BT 333.79 561.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.81 561.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 366.28 561.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 390.75 561.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 407.65 561.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 438.33 561.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 464.58 561.50 Td (by ) Tj ET Q q 0 0 0 rg BT 474.38 561.50 Td (our ) Tj ET Q q 0 0 0 rg BT 486.85 561.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 518.42 561.50 Td (of ) Tj ET Q q 0 0 0 rg BT 526.89 561.50 Td (future ) Tj ET Q q 0 0 0 rg BT 547.79 561.50 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 551.90 Td (flows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 528.40 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 528.40 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 528.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 528.40 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 498.40 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 498.40 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 498.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 498.40 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.40 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 468.40 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 468.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 468.40 129.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 528.4 m 428.5 528.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 528.4 m 561.5 528.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 532.63 Td (Reporting Unit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.05 532.63 Td (Br) Tj ET Q q 0 0 0 rg BT 334.79 532.63 Td (eak-even gr) Tj ET Q q 0 0 0 rg BT 374.41 532.63 Td (owth rate \(%\)) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 422.40 536.26 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.15 532.63 Td (Gr) Tj ET Q q 0 0 0 rg BT 445.78 532.63 Td (owth rate curr) Tj ET Q q 0 0 0 rg BT 495.39 532.63 Td (ently implied \(%\)) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 555.39 536.26 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 517.65 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 79.55 521.28 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.15 517.65 Td (11.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 517.65 Td (11.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 502.65 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.15 502.65 Td (13.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 502.65 Td (14.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 487.65 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.15 487.65 Td (7.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 487.65 Td (16.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 472.65 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.15 472.65 Td (8.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.15 472.65 Td (9.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 457.65 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.15 457.65 Td (32.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 457.65 Td (33.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 442.65 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 80.00 446.28 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.15 442.65 Td (28.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 442.65 Td (28.9%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 68.00 429.93 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 426.30 Td (The ) Tj ET Q q 0 0 0 rg BT 100.56 426.30 Td (break-even ) Tj ET Q q 0 0 0 rg BT 138.22 426.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 163.01 426.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 180.24 426.30 Td (and ) Tj ET Q q 0 0 0 rg BT 193.92 426.30 Td (the ) Tj ET Q q 0 0 0 rg BT 205.82 426.30 Td (implied ) Tj ET Q q 0 0 0 rg BT 232.39 426.30 Td (current ) Tj ET Q q 0 0 0 rg BT 257.17 426.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 281.96 426.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 299.19 426.30 Td (reflect ) Tj ET Q q 0 0 0 rg BT 321.74 426.30 Td (the ) Tj ET Q q 0 0 0 rg BT 333.64 426.30 Td (level ) Tj ET Q q 0 0 0 rg BT 351.31 426.30 Td (of ) Tj ET Q q 0 0 0 rg BT 360.11 426.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.45 426.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 407.45 426.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 440.67 426.30 Td (by ) Tj ET Q q 0 0 0 rg BT 450.79 426.30 Td (our ) Tj ET Q q 0 0 0 rg BT 463.58 426.30 Td (operations. ) Tj ET Q q 0 0 0 rg BT 500.88 426.30 Td (These ) Tj ET Q q 0 0 0 rg BT 522.11 426.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 546.90 426.30 Td (rates ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 416.70 Td (are ) Tj ET Q q 0 0 0 rg BT 97.61 416.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 131.87 416.70 Td (by ) Tj ET Q q 0 0 0 rg BT 141.71 416.70 Td (applying ) Tj ET Q q 0 0 0 rg BT 171.55 416.70 Td (a ) Tj ET Q q 0 0 0 rg BT 176.94 416.70 Td (constant ) Tj ET Q q 0 0 0 rg BT 205.44 416.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 228.60 416.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 253.11 416.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 266.94 416.70 Td (to ) Tj ET Q q 0 0 0 rg BT 275.00 416.70 Td (current ) Tj ET Q q 0 0 0 rg BT 299.50 416.70 Td (year ) Tj ET Q q 0 0 0 rg BT 315.10 416.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 331.16 416.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 347.66 416.70 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 379.93 416.70 Td (with ) Tj ET Q q 0 0 0 rg BT 396.00 416.70 Td (all ) Tj ET Q q 0 0 0 rg BT 405.83 416.70 Td (other ) Tj ET Q q 0 0 0 rg BT 424.11 416.70 Td (variables ) Tj ET Q q 0 0 0 rg BT 454.83 416.70 Td (constant, ) Tj ET Q q 0 0 0 rg BT 485.33 416.70 Td (such ) Tj ET Q q 0 0 0 rg BT 501.83 416.70 Td (that ) Tj ET Q q 0 0 0 rg BT 515.67 416.70 Td (the ) Tj ET Q q 0 0 0 rg BT 527.28 416.70 Td (net ) Tj ET Q q 0 0 0 rg BT 538.90 416.70 Td (present ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 407.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.37 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.07 407.10 Td (all ) Tj ET Q q 0 0 0 rg BT 124.11 407.10 Td (future ) Tj ET Q q 0 0 0 rg BT 145.25 407.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.51 407.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 181.32 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.59 407.10 Td (perpetuity ) Tj ET Q q 0 0 0 rg BT 224.06 407.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 246.54 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.36 407.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 287.05 407.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.09 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.79 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.61 407.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 364.97 407.10 Td (unit) Tj ET Q q 0 0 0 rg BT 379.64 407.10 Td (s ) Tj ET Q q 0 0 0 rg BT 384.79 407.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 405.50 407.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.87 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.68 407.10 Td (break-even ) Tj ET Q q 0 0 0 rg BT 466.25 407.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 480.28 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.99 407.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.69 407.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 530.39 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.10 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.91 407.10 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 397.50 Td (value ) Tj ET Q q 0 0 0 rg BT 105.12 397.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.58 397.50 Td (the ) Tj ET Q q 0 0 0 rg BT 125.15 397.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 156.27 397.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 170.51 397.50 Td (for ) Tj ET Q q 0 0 0 rg BT 181.63 397.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 397.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 206.99 397.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 237.66 397.50 Td (implied. ) Tj ET Q q 0 0 0 rg BT 265.90 397.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 283.69 397.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 300.59 397.50 Td (do ) Tj ET Q q 0 0 0 rg BT 310.39 397.50 Td (not ) Tj ET Q q 0 0 0 rg BT 322.40 397.50 Td (indicate ) Tj ET Q q 0 0 0 rg BT 349.52 397.50 Td (our ) Tj ET Q q 0 0 0 rg BT 361.98 397.50 Td (expectation ) Tj ET Q q 0 0 0 rg BT 400.65 397.50 Td (of ) Tj ET Q q 0 0 0 rg BT 409.11 397.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.12 397.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 441.58 397.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 466.04 397.50 Td (in ) Tj ET Q q 0 0 0 rg BT 474.06 397.50 Td (any ) Tj ET Q q 0 0 0 rg BT 487.40 397.50 Td (given ) Tj ET Q q 0 0 0 rg BT 506.97 397.50 Td (year) Tj ET Q q 0 0 0 rg BT 520.42 397.50 Td (, ) Tj ET Q q 0 0 0 rg BT 524.21 397.50 Td (nor ) Tj ET Q q 0 0 0 rg BT 536.67 397.50 Td (are ) Tj ET Q q 0 0 0 rg BT 548.24 397.50 Td (they ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 387.90 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 123.54 387.90 Td (comparable ) Tj ET Q q 0 0 0 rg BT 162.85 387.90 Td (with ) Tj ET Q q 0 0 0 rg BT 179.07 387.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 200.17 387.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 224.84 387.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 241.94 387.90 Td (achieved ) Tj ET Q q 0 0 0 rg BT 272.36 387.90 Td (in ) Tj ET Q q 0 0 0 rg BT 280.59 387.90 Td (previous ) Tj ET Q q 0 0 0 rg BT 310.14 387.90 Td (years.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 68.00 378.93 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 74.06 375.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 375.30 Td (Rates ) Tj ET Q q 0 0 0 rg BT 105.77 375.30 Td (reflective ) Tj ET Q q 0 0 0 rg BT 137.97 375.30 Td (of ) Tj ET Q q 0 0 0 rg BT 146.64 375.30 Td (value ) Tj ET Q q 0 0 0 rg BT 165.96 375.30 Td (used ) Tj ET Q q 0 0 0 rg BT 182.63 375.30 Td (for ) Tj ET Q q 0 0 0 rg BT 193.95 375.30 Td (Step ) Tj ET Q q 0 0 0 rg BT 210.18 375.30 Td (2 ) Tj ET Q q 0 0 0 rg BT 216.18 375.30 Td (of ) Tj ET Q q 0 0 0 rg BT 224.84 375.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 255.29 375.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 294.16 375.30 Td (test.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 359.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.68 359.70 Td (table ) Tj ET Q q 0 0 0 rg BT 82.46 359.70 Td (below ) Tj ET Q q 0 0 0 rg BT 104.25 359.70 Td (shows ) Tj ET Q q 0 0 0 rg BT 126.49 359.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 154.50 359.70 Td (an ) Tj ET Q q 0 0 0 rg BT 164.29 359.70 Td (adverse ) Tj ET Q q 0 0 0 rg BT 190.95 359.70 Td (change ) Tj ET Q q 0 0 0 rg BT 215.84 359.70 Td (of ) Tj ET Q q 0 0 0 rg BT 224.75 359.70 Td (10.0% ) Tj ET Q q 0 0 0 rg BT 247.65 359.70 Td (in ) Tj ET Q q 0 0 0 rg BT 256.11 359.70 Td (any ) Tj ET Q q 0 0 0 rg BT 269.90 359.70 Td (of ) Tj ET Q q 0 0 0 rg BT 278.80 359.70 Td (our ) Tj ET Q q 0 0 0 rg BT 291.70 359.70 Td (most ) Tj ET Q q 0 0 0 rg BT 309.50 359.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 345.51 359.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 387.30 359.70 Td (would ) Tj ET Q q 0 0 0 rg BT 409.54 359.70 Td (result ) Tj ET Q q 0 0 0 rg BT 429.55 359.70 Td (in ) Tj ET Q q 0 0 0 rg BT 438.02 359.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 472.25 359.70 Td (impairments ) Tj ET Q q 0 0 0 rg BT 514.48 359.70 Td (after ) Tj ET Q q 0 0 0 rg BT 531.37 359.70 Td (reflecting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.91 350.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 100.93 350.10 Td (char) Tj ET Q q 0 0 0 rg BT 114.55 350.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 124.23 350.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 161.46 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.82 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.73 350.10 Td (year ) Tj ET Q q 0 0 0 rg BT 197.63 350.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.87 350.10 Td (December ) Tj ET Q q 0 0 0 rg BT 253.88 350.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 266.01 350.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 285.68 350.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 301.59 350.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 328.16 350.10 Td (change ) Tj ET Q q 0 0 0 rg BT 352.95 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.31 350.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 403.00 350.10 Td (would ) Tj ET Q q 0 0 0 rg BT 425.14 350.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 449.04 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.95 350.10 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 490.64 350.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 522.10 350.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 536.68 350.10 Td (because ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.22 340.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 91.12 340.50 Td (and ) Tj ET Q q 0 0 0 rg BT 104.12 340.50 Td (other ) Tj ET Q q 0 0 0 rg BT 122.01 340.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 155.45 340.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 175.56 340.50 Td (were ) Tj ET Q q 0 0 0 rg BT 192.56 340.50 Td (not ) Tj ET Q q 0 0 0 rg BT 204.23 340.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 220.79 340.50 Td (impaired ) Tj ET Q q 0 0 0 rg BT 250.67 340.50 Td (in ) Tj ET Q q 0 0 0 rg BT 258.35 340.50 Td (our ) Tj ET Q q 0 0 0 rg BT 270.46 340.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 287.91 340.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 310.69 340.50 Td (test. ) Tj ET Q q 0 0 0 rg BT 325.14 340.50 Td (Where ) Tj ET Q q 0 0 0 rg BT 347.91 340.50 Td (an ) Tj ET Q q 0 0 0 rg BT 356.91 340.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 382.79 340.50 Td (change ) Tj ET Q q 0 0 0 rg BT 406.89 340.50 Td (of ) Tj ET Q q 0 0 0 rg BT 415.00 340.50 Td (less ) Tj ET Q q 0 0 0 rg BT 428.45 340.50 Td (than ) Tj ET Q q 0 0 0 rg BT 443.68 340.50 Td (10.0% ) Tj ET Q q 0 0 0 rg BT 465.79 340.50 Td (would ) Tj ET Q q 0 0 0 rg BT 487.24 340.50 Td (result ) Tj ET Q q 0 0 0 rg BT 506.47 340.50 Td (in ) Tj ET Q q 0 0 0 rg BT 514.14 340.50 Td (an ) Tj ET Q q 0 0 0 rg BT 523.14 340.50 Td (impairment, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 330.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 330.90 Td (level ) Tj ET Q q 0 0 0 rg BT 79.32 330.90 Td (of ) Tj ET Q q 0 0 0 rg BT 87.98 330.90 Td (that ) Tj ET Q q 0 0 0 rg BT 101.98 330.90 Td (change ) Tj ET Q q 0 0 0 rg BT 126.63 330.90 Td (is ) Tj ET Q q 0 0 0 rg BT 133.97 330.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 166.62 330.90 Td (parenthetically:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 299.40 232.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 299.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 299.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 299.40 147.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 257.40 232.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 257.40 129.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 257.40 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 257.40 147.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 215.40 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 215.40 129.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 215.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 215.40 147.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 299.4 m 410.5 299.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 299.4 m 561.5 299.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 303.63 Td (10% Adverse Change in:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.55 303.63 Td (Indefinite-lived trademarks) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.85 303.63 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 282.65 Td (Cost of Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 282.65 Td (None) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.55 290.65 Td (Croatia \(8.6%\), Czech Republic \(9.7%\),) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 282.65 Td (Romania \(6.2%\), Slovak Republic \(3.4%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 261.65 Td (Television Advertising Market) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 261.65 Td (None) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.55 269.65 Td (Croatia \(2.0%\), Czech Republic \(6.1%\),) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 261.65 Td (Romania \(4.0%\), Slovak Republic \(1.1%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 240.65 Td (Market Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 240.65 Td (None) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.55 248.65 Td (Croatia \(2.0%\), Czech Republic \(6.1%\),) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 240.65 Td (Romania \(4.0%\), Slovak Republic \(1.1%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 219.65 Td (Forecast OIBDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.10 219.65 Td (Not applicable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.55 227.65 Td (Croatia \(7.6%\), Romania \(6.8%\),) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.90 219.65 Td (Slovak Republic \(4.3%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 204.65 Td (Forecast Capital Expenditure) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.10 204.65 Td (Not applicable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.65 204.65 Td (None) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 189.65 Td (Perpetuity Growth Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 189.65 Td (None) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.65 189.65 Td (None) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 170.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.48 170.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 77.63 170.30 Td (value ) Tj ET Q q 0 0 0 rg BT 97.00 170.30 Td (of ) Tj ET Q q 0 0 0 rg BT 105.71 170.30 Td (each ) Tj ET Q q 0 0 0 rg BT 122.41 170.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 153.78 170.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 168.27 170.30 Td (where ) Tj ET Q q 0 0 0 rg BT 189.86 170.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 220.35 170.30 Td (was ) Tj ET Q q 0 0 0 rg BT 234.84 170.30 Td (not ) Tj ET Q q 0 0 0 rg BT 247.11 170.30 Td (impaired ) Tj ET Q q 0 0 0 rg BT 277.59 170.30 Td (as ) Tj ET Q q 0 0 0 rg BT 286.30 170.30 Td (of ) Tj ET Q q 0 0 0 rg BT 295.01 170.30 Td (December ) Tj ET Q q 0 0 0 rg BT 329.92 170.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 341.96 170.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 360.01 170.30 Td (was ) Tj ET Q q 0 0 0 rg BT 374.50 170.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 416.99 170.30 Td (in ) Tj ET Q q 0 0 0 rg BT 425.25 170.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 448.18 170.30 Td (of ) Tj ET Q q 0 0 0 rg BT 456.89 170.30 Td (its ) Tj ET Q q 0 0 0 rg BT 466.49 170.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 495.19 170.30 Td (amount. ) Tj ET Q q 0 0 0 rg BT 523.09 170.30 Td (The ) Tj ET Q q 0 0 0 rg BT 537.57 170.30 Td (balance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 160.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 160.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 89.11 160.70 Td (allocated ) Tj ET Q q 0 0 0 rg BT 119.98 160.70 Td (to ) Tj ET Q q 0 0 0 rg BT 128.20 160.70 Td (each ) Tj ET Q q 0 0 0 rg BT 144.86 160.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 176.18 160.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 190.63 160.70 Td (is ) Tj ET Q q 0 0 0 rg BT 197.96 160.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 230.61 160.70 Td (in ) Tj ET Q q 0 0 0 rg BT 238.84 160.70 Td (Item ) Tj ET Q q 0 0 0 rg BT 255.50 160.70 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.50 160.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 281.05 160.70 Td (4, ) Tj ET Q q 0 0 0 rg BT 289.05 160.70 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 324.54 160.70 Td (and ) Tj ET Q q 0 0 0 rg BT 338.09 160.70 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 372.08 160.70 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.23 160.70 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 145.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.56 145.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 91.76 145.10 Td (all ) Tj ET Q q 0 0 0 rg BT 101.86 145.10 Td (current ) Tj ET Q q 0 0 0 rg BT 126.61 145.10 Td (information ) Tj ET Q q 0 0 0 rg BT 166.48 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.81 145.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 199.56 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.32 145.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 246.41 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.18 145.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 298.16 145.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 325.14 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.79 145.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 375.98 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.75 145.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 427.73 145.10 Td (char) Tj ET Q q 0 0 0 rg BT 441.35 145.10 Td (ges. ) Tj ET Q q 0 0 0 rg BT 456.11 145.10 Td (If ) Tj ET Q q 0 0 0 rg BT 463.54 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.31 145.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 492.62 145.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 509.39 145.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 539.92 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 551.34 145.10 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 85.34 135.50 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 123.56 135.50 Td (or ) Tj ET Q q 0 0 0 rg BT 132.24 135.50 Td (if ) Tj ET Q q 0 0 0 rg BT 139.15 135.50 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 177.15 135.50 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 217.83 135.50 Td (the ) Tj ET Q q 0 0 0 rg BT 229.63 135.50 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 262.30 135.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.87 135.50 Td (its ) Tj ET Q q 0 0 0 rg BT 285.44 135.50 Td (periphery ) Tj ET Q q 0 0 0 rg BT 318.11 135.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 342.35 135.50 Td (causing ) Tj ET Q q 0 0 0 rg BT 368.80 135.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 386.82 135.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.50 135.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 418.84 135.50 Td (to ) Tj ET Q q 0 0 0 rg BT 427.08 135.50 Td (increase, ) Tj ET Q q 0 0 0 rg BT 457.31 135.50 Td (we ) Tj ET Q q 0 0 0 rg BT 468.65 135.50 Td (may ) Tj ET Q q 0 0 0 rg BT 484.45 135.50 Td (be ) Tj ET Q q 0 0 0 rg BT 494.01 135.50 Td (required ) Tj ET Q q 0 0 0 rg BT 522.69 135.50 Td (to ) Tj ET Q q 0 0 0 rg BT 530.93 135.50 Td (recognize ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 125.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 83.99 125.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 122.87 125.90 Td (char) Tj ET Q q 0 0 0 rg BT 136.49 125.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 149.16 125.90 Td (in ) Tj ET Q q 0 0 0 rg BT 157.38 125.90 Td (later ) Tj ET Q q 0 0 0 rg BT 173.59 125.90 Td (periods.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 107.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 79.09 107.30 Td (Recognition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 91.70 Td (Net ) Tj ET Q q 0 0 0 rg BT 63.94 91.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 94.76 91.70 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 143.80 91.70 Td (comprise ) Tj ET Q q 0 0 0 rg BT 175.51 91.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 206.33 91.70 Td (from ) Tj ET Q q 0 0 0 rg BT 224.27 91.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.43 91.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 251.25 91.70 Td (of ) Tj ET Q q 0 0 0 rg BT 260.31 91.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 298.24 91.70 Td (time ) Tj ET Q q 0 0 0 rg BT 314.85 91.70 Td (less ) Tj ET Q q 0 0 0 rg BT 329.23 91.70 Td (discounts ) Tj ET Q q 0 0 0 rg BT 361.84 91.70 Td (and ) Tj ET Q q 0 0 0 rg BT 375.78 91.70 Td (agency ) Tj ET Q q 0 0 0 rg BT 400.82 91.70 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 446.99 91.70 Td (and ) Tj ET Q q 0 0 0 rg BT 460.93 91.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 476.20 91.70 Td (char) Tj ET Q q 0 0 0 rg BT 489.82 91.70 Td (ged ) Tj ET Q q 0 0 0 rg BT 503.76 91.70 Td (to ) Tj ET Q q 0 0 0 rg BT 512.37 91.70 Td (cable ) Tj ET Q q 0 0 0 rg BT 531.63 91.70 Td (and ) Tj ET Q q 0 0 0 rg BT 545.57 91.70 Td (DTH ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 81.90 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 93.35 82.10 Td (carriage ) Tj ET Q q 0 0 0 rg BT 121.24 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.03 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.83 82.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 174.94 82.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 188.62 82.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 219.18 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 231.08 82.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 268.30 82.10 Td (when ) Tj ET Q q 0 0 0 rg BT 287.76 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.66 82.10 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 346.66 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.13 82.10 Td (aired ) Tj ET Q q 0 0 0 rg BT 372.25 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.04 82.10 Td (long ) Tj ET Q q 0 0 0 rg BT 397.39 82.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.19 82.10 Td (there ) Tj ET Q q 0 0 0 rg BT 424.30 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 431.77 82.10 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 467.67 82.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 498.22 82.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.35 82.10 Td (an ) Tj ET Q q 0 0 0 rg BT 522.03 82.10 Td (arrangement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 72.50 Td (with ) Tj ET Q q 0 0 0 rg BT 66.59 72.50 Td (a ) Tj ET Q q 0 0 0 rg BT 72.50 72.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 104.19 72.50 Td (exists, ) Tj ET Q q 0 0 0 rg BT 126.77 72.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.91 72.50 Td (price ) Tj ET Q q 0 0 0 rg BT 157.26 72.50 Td (of ) Tj ET Q q 0 0 0 rg BT 166.29 72.50 Td (the ) Tj ET Q q 0 0 0 rg BT 178.43 72.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 210.55 72.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 248.46 72.50 Td (time ) Tj ET Q q 0 0 0 rg BT 265.04 72.50 Td (is ) Tj ET Q q 0 0 0 rg BT 272.74 72.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 291.54 72.50 Td (or ) Tj ET Q q 0 0 0 rg BT 300.57 72.50 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 346.69 72.50 Td (and ) Tj ET Q q 0 0 0 rg BT 360.61 72.50 Td (collection ) Tj ET Q q 0 0 0 rg BT 394.51 72.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.54 72.50 Td (the ) Tj ET Q q 0 0 0 rg BT 415.68 72.50 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 458.02 72.50 Td (fee ) Tj ET Q q 0 0 0 rg BT 470.14 72.50 Td (is ) Tj ET Q q 0 0 0 rg BT 477.84 72.50 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 514.86 72.50 Td (assured. ) Tj ET Q q 0 0 0 rg BT 543.21 72.50 Td (In ) Tj ET Q q 0 0 0 rg BT 552.24 72.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 62.90 Td (event ) Tj ET Q q 0 0 0 rg BT 69.32 62.90 Td (that ) Tj ET Q q 0 0 0 rg BT 83.32 62.90 Td (a ) Tj ET Q q 0 0 0 rg BT 88.87 62.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 120.20 62.90 Td (falls ) Tj ET Q q 0 0 0 rg BT 135.97 62.90 Td (significantly ) Tj ET Q q 0 0 0 rg BT 177.96 62.90 Td (behind ) Tj ET Q q 0 0 0 rg BT 201.73 62.90 Td (its ) Tj ET Q q 0 0 0 rg BT 211.29 62.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 248.83 62.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 278.38 62.90 Td (terms, ) Tj ET Q q 0 0 0 rg BT 300.15 62.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.46 62.90 Td (is ) Tj ET Q q 0 0 0 rg BT 334.80 62.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 363.45 62.90 Td (until ) Tj ET Q q 0 0 0 rg BT 380.11 62.90 Td (the ) Tj ET Q q 0 0 0 rg BT 391.89 62.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 423.21 62.90 Td (has ) Tj ET Q q 0 0 0 rg BT 435.88 62.90 Td (resumed ) Tj ET Q q 0 0 0 rg BT 464.98 62.90 Td (normal ) Tj ET Q q 0 0 0 rg BT 489.64 62.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 519.18 62.90 Td (terms.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (Agency ) Tj ET Q q 0 0 0 rg BT 76.97 743.50 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 122.85 743.50 Td (where ) Tj ET Q q 0 0 0 rg BT 144.48 743.50 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 181.45 743.50 Td (are ) Tj ET Q q 0 0 0 rg BT 193.31 743.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 227.82 743.50 Td (based ) Tj ET Q q 0 0 0 rg BT 248.13 743.50 Td (on ) Tj ET Q q 0 0 0 rg BT 258.23 743.50 Td (a ) Tj ET Q q 0 0 0 rg BT 263.87 743.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 284.63 743.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 321.36 743.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 347.00 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 355.32 743.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 374.30 743.50 Td (billing ) Tj ET Q q 0 0 0 rg BT 397.29 743.50 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 426.23 743.50 Td (Advertisers ) Tj ET Q q 0 0 0 rg BT 465.21 743.50 Td (remit ) Tj ET Q q 0 0 0 rg BT 484.18 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 496.05 743.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 515.03 743.50 Td (billing ) Tj ET Q q 0 0 0 rg BT 538.02 743.50 Td (amount ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 57.98 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 69.51 733.90 Td (agency ) Tj ET Q q 0 0 0 rg BT 93.92 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 107.23 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 118.76 733.90 Td (agency ) Tj ET Q q 0 0 0 rg BT 143.17 733.90 Td (remits ) Tj ET Q q 0 0 0 rg BT 164.92 733.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 183.57 733.90 Td (billings, ) Tj ET Q q 0 0 0 rg BT 211.33 733.90 Td (less ) Tj ET Q q 0 0 0 rg BT 225.08 733.90 Td (their ) Tj ET Q q 0 0 0 rg BT 241.50 733.90 Td (commission, ) Tj ET Q q 0 0 0 rg BT 283.93 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 291.91 733.90 Td (us ) Tj ET Q q 0 0 0 rg BT 300.78 733.90 Td (when ) Tj ET Q q 0 0 0 rg BT 319.86 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 331.39 733.90 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 378.02 733.90 Td (is ) Tj ET Q q 0 0 0 rg BT 385.11 733.90 Td (not ) Tj ET Q q 0 0 0 rg BT 397.09 733.90 Td (placed ) Tj ET Q q 0 0 0 rg BT 419.72 733.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 445.91 733.90 Td (by ) Tj ET Q q 0 0 0 rg BT 455.67 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 467.20 733.90 Td (advertiser) Tj ET Q q 0 0 0 rg BT 498.30 733.90 Td (. ) Tj ET Q q 0 0 0 rg BT 502.05 733.90 Td (Payments ) Tj ET Q q 0 0 0 rg BT 534.92 733.90 Td (received ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 724.30 Td (advance ) Tj ET Q q 0 0 0 rg BT 86.43 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 95.09 724.30 Td (being ) Tj ET Q q 0 0 0 rg BT 114.86 724.30 Td (earned ) Tj ET Q q 0 0 0 rg BT 138.18 724.30 Td (are ) Tj ET Q q 0 0 0 rg BT 149.95 724.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 179.93 724.30 Td (as ) Tj ET Q q 0 0 0 rg BT 188.59 724.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 217.23 724.30 Td (income.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 708.70 Td (e ) Tj ET Q q 0 0 0 rg BT 62.55 708.70 Td (maintain ) Tj ET Q q 0 0 0 rg BT 92.62 708.70 Td (a ) Tj ET Q q 0 0 0 rg BT 98.26 708.70 Td (bad ) Tj ET Q q 0 0 0 rg BT 111.89 708.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 127.75 708.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 160.06 708.70 Td (for ) Tj ET Q q 0 0 0 rg BT 171.47 708.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 204.21 708.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 225.41 708.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 255.49 708.70 Td (from ) Tj ET Q q 0 0 0 rg BT 273.13 708.70 Td (the ) Tj ET Q q 0 0 0 rg BT 284.99 708.70 Td (inability ) Tj ET Q q 0 0 0 rg BT 313.74 708.70 Td (of ) Tj ET Q q 0 0 0 rg BT 322.49 708.70 Td (our ) Tj ET Q q 0 0 0 rg BT 335.24 708.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 369.76 708.70 Td (to ) Tj ET Q q 0 0 0 rg BT 378.07 708.70 Td (make ) Tj ET Q q 0 0 0 rg BT 397.47 708.70 Td (required ) Tj ET Q q 0 0 0 rg BT 426.21 708.70 Td (payments. ) Tj ET Q q 0 0 0 rg BT 460.96 708.70 Td (If ) Tj ET Q q 0 0 0 rg BT 468.37 708.70 Td (the ) Tj ET Q q 0 0 0 rg BT 480.23 708.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.30 708.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 542.60 708.70 Td (of ) Tj ET Q q 0 0 0 rg BT 551.35 708.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 84.09 699.10 Td (were ) Tj ET Q q 0 0 0 rg BT 101.29 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.17 699.10 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 147.02 699.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 180.67 699.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 217.87 699.10 Td (may ) Tj ET Q q 0 0 0 rg BT 233.29 699.10 Td (be ) Tj ET Q q 0 0 0 rg BT 242.50 699.10 Td (required ) Tj ET Q q 0 0 0 rg BT 270.81 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.69 699.10 Td (future ) Tj ET Q q 0 0 0 rg BT 299.44 699.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 326.53 699.10 Td (W) Tj ET Q q 0 0 0 rg BT 333.44 699.10 Td (e ) Tj ET Q q 0 0 0 rg BT 338.65 699.10 Td (review ) Tj ET Q q 0 0 0 rg BT 362.07 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.49 699.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 403.14 699.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 437.66 699.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 466.85 699.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 506.71 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.92 699.10 Td (our ) Tj ET Q q 0 0 0 rg BT 532.24 699.10 Td (historical ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.50 Td (bad ) Tj ET Q q 0 0 0 rg BT 63.55 689.50 Td (debt, ) Tj ET Q q 0 0 0 rg BT 81.32 689.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 112.65 689.50 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 161.30 689.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.85 689.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 206.17 689.50 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 261.05 689.50 Td (when ) Tj ET Q q 0 0 0 rg BT 280.38 689.50 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 315.70 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.47 689.50 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 359.67 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 368.34 689.50 Td (our ) Tj ET Q q 0 0 0 rg BT 381.00 689.50 Td (provision.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 670.90 Td (Income ) Tj ET Q q 0 0 0 rg BT 75.54 670.90 Td (T) Tj ET Q q 0 0 0 rg BT 79.26 670.90 Td (axes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 655.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.72 655.30 Td (provision ) Tj ET Q q 0 0 0 rg BT 97.22 655.30 Td (for ) Tj ET Q q 0 0 0 rg BT 108.83 655.30 Td (income ) Tj ET Q q 0 0 0 rg BT 134.65 655.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 153.37 655.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 182.31 655.30 Td (local ) Tj ET Q q 0 0 0 rg BT 200.13 655.30 Td (and ) Tj ET Q q 0 0 0 rg BT 213.96 655.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 239.35 655.30 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 260.06 655.30 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 290.76 655.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.82 655.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 323.76 655.30 Td (and ) Tj ET Q q 0 0 0 rg BT 337.59 655.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 369.64 655.30 Td (are ) Tj ET Q q 0 0 0 rg BT 381.69 655.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 419.06 655.30 Td (for ) Tj ET Q q 0 0 0 rg BT 430.66 655.30 Td (the ) Tj ET Q q 0 0 0 rg BT 442.72 655.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 475.65 655.30 Td (future ) Tj ET Q q 0 0 0 rg BT 497.03 655.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 509.09 655.30 Td (consequences ) Tj ET Q q 0 0 0 rg BT 555.35 655.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 645.70 Td (temporary ) Tj ET Q q 0 0 0 rg BT 85.44 645.70 Td (dif) Tj ET Q q 0 0 0 rg BT 94.18 645.70 Td (ferences ) Tj ET Q q 0 0 0 rg BT 123.38 645.70 Td (between ) Tj ET Q q 0 0 0 rg BT 152.60 645.70 Td (the ) Tj ET Q q 0 0 0 rg BT 164.93 645.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.48 645.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 228.70 645.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 257.91 645.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 287.58 645.70 Td (and ) Tj ET Q q 0 0 0 rg BT 301.69 645.70 Td (their ) Tj ET Q q 0 0 0 rg BT 318.92 645.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 353.90 645.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 366.24 645.70 Td (bases. ) Tj ET Q q 0 0 0 rg BT 388.13 645.70 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 419.11 645.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 431.45 645.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.67 645.70 Td (and ) Tj ET Q q 0 0 0 rg BT 466.78 645.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 499.12 645.70 Td (are ) Tj ET Q q 0 0 0 rg BT 511.45 645.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 544.66 645.70 Td (using ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 76.89 636.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 89.13 636.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 106.70 636.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 137.59 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.27 636.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 166.51 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.20 636.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 200.76 636.10 Td (income ) Tj ET Q q 0 0 0 rg BT 226.77 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.46 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.70 636.10 Td (year ) Tj ET Q q 0 0 0 rg BT 263.93 636.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.62 636.10 Td (which ) Tj ET Q q 0 0 0 rg BT 294.63 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.87 636.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 342.21 636.10 Td (dif) Tj ET Q q 0 0 0 rg BT 350.95 636.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 380.06 636.10 Td (are ) Tj ET Q q 0 0 0 rg BT 392.29 636.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 423.18 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.87 636.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.89 636.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 475.88 636.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.01 636.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 510.18 636.10 Td (W) Tj ET Q q 0 0 0 rg BT 517.09 636.10 Td (e ) Tj ET Q q 0 0 0 rg BT 523.11 636.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 552.22 636.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 626.50 Td (realizability ) Tj ET Q q 0 0 0 rg BT 90.45 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.35 626.50 Td (our ) Tj ET Q q 0 0 0 rg BT 112.26 626.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 141.15 626.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 153.17 626.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.07 626.50 Td (and ) Tj ET Q q 0 0 0 rg BT 187.87 626.50 Td (establish ) Tj ET Q q 0 0 0 rg BT 218.11 626.50 Td (a ) Tj ET Q q 0 0 0 rg BT 223.90 626.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 255.91 626.50 Td (allowance ) Tj ET Q q 0 0 0 rg BT 290.58 626.50 Td (when ) Tj ET Q q 0 0 0 rg BT 310.15 626.50 Td (it ) Tj ET Q q 0 0 0 rg BT 316.84 626.50 Td (is ) Tj ET Q q 0 0 0 rg BT 324.42 626.50 Td (more ) Tj ET Q q 0 0 0 rg BT 343.10 626.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 363.56 626.50 Td (than ) Tj ET Q q 0 0 0 rg BT 379.58 626.50 Td (not ) Tj ET Q q 0 0 0 rg BT 392.04 626.50 Td (that ) Tj ET Q q 0 0 0 rg BT 406.28 626.50 Td (all ) Tj ET Q q 0 0 0 rg BT 416.52 626.50 Td (or ) Tj ET Q q 0 0 0 rg BT 425.43 626.50 Td (a ) Tj ET Q q 0 0 0 rg BT 431.22 626.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 456.58 626.50 Td (of ) Tj ET Q q 0 0 0 rg BT 465.48 626.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 494.37 626.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.39 626.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 527.30 626.50 Td (will ) Tj ET Q q 0 0 0 rg BT 541.98 626.50 Td (not ) Tj ET Q q 0 0 0 rg BT 554.45 626.50 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 616.90 Td (realized.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 601.30 Td (In ) Tj ET Q q 0 0 0 rg BT 58.90 601.30 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 94.45 601.30 Td (the ) Tj ET Q q 0 0 0 rg BT 106.45 601.30 Td (realizability ) Tj ET Q q 0 0 0 rg BT 146.89 601.30 Td (of ) Tj ET Q q 0 0 0 rg BT 155.78 601.30 Td (our ) Tj ET Q q 0 0 0 rg BT 168.68 601.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 197.55 601.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.56 601.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 232.45 601.30 Td (we ) Tj ET Q q 0 0 0 rg BT 244.01 601.30 Td (consider ) Tj ET Q q 0 0 0 rg BT 273.35 601.30 Td (all ) Tj ET Q q 0 0 0 rg BT 283.57 601.30 Td (available ) Tj ET Q q 0 0 0 rg BT 314.68 601.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 342.24 601.30 Td (and ) Tj ET Q q 0 0 0 rg BT 356.02 601.30 Td (negative ) Tj ET Q q 0 0 0 rg BT 385.35 601.30 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 418.01 601.30 Td (including ) Tj ET Q q 0 0 0 rg BT 450.46 601.30 Td (future ) Tj ET Q q 0 0 0 rg BT 471.79 601.30 Td (reversals ) Tj ET Q q 0 0 0 rg BT 502.45 601.30 Td (of ) Tj ET Q q 0 0 0 rg BT 511.35 601.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 538.91 601.30 Td (taxable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 591.70 Td (temporary ) Tj ET Q q 0 0 0 rg BT 84.66 591.70 Td (dif) Tj ET Q q 0 0 0 rg BT 93.40 591.70 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 123.83 591.70 Td (projected ) Tj ET Q q 0 0 0 rg BT 155.37 591.70 Td (future ) Tj ET Q q 0 0 0 rg BT 176.25 591.70 Td (taxable ) Tj ET Q q 0 0 0 rg BT 201.13 591.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 228.46 591.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.02 591.70 Td (planning ) Tj ET Q q 0 0 0 rg BT 269.80 591.70 Td (strategies ) Tj ET Q q 0 0 0 rg BT 301.79 591.70 Td (and ) Tj ET Q q 0 0 0 rg BT 315.12 591.70 Td (recent ) Tj ET Q q 0 0 0 rg BT 336.44 591.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.21 591.70 Td (operations. ) Tj ET Q q 0 0 0 rg BT 402.92 591.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 418.48 591.70 Td (reduction ) Tj ET Q q 0 0 0 rg BT 450.48 591.70 Td (in ) Tj ET Q q 0 0 0 rg BT 458.48 591.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 490.92 591.70 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 525.57 591.70 Td (results ) Tj ET Q q 0 0 0 rg BT 548.24 591.70 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (require ) Tj ET Q q 0 0 0 rg BT 74.36 582.10 Td (that ) Tj ET Q q 0 0 0 rg BT 88.07 582.10 Td (we ) Tj ET Q q 0 0 0 rg BT 99.10 582.10 Td (record ) Tj ET Q q 0 0 0 rg BT 121.24 582.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 154.94 582.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 186.42 582.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 223.67 582.10 Td (against ) Tj ET Q q 0 0 0 rg BT 248.04 582.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.41 582.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 288.77 582.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 300.25 582.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 322.62 582.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 341.21 582.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.47 582.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 377.95 582.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 412.08 582.10 Td (has ) Tj ET Q q 0 0 0 rg BT 424.46 582.10 Td (been ) Tj ET Q q 0 0 0 rg BT 441.27 582.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 480.52 582.10 Td (it ) Tj ET Q q 0 0 0 rg BT 486.68 582.10 Td (will ) Tj ET Q q 0 0 0 rg BT 500.83 582.10 Td (be ) Tj ET Q q 0 0 0 rg BT 510.09 582.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 547.34 582.10 Td (until ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 572.50 Td (there ) Tj ET Q q 0 0 0 rg BT 68.06 572.50 Td (is ) Tj ET Q q 0 0 0 rg BT 75.47 572.50 Td (suf) Tj ET Q q 0 0 0 rg BT 85.10 572.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 107.60 572.50 Td (positive ) Tj ET Q q 0 0 0 rg BT 135.01 572.50 Td (evidence ) Tj ET Q q 0 0 0 rg BT 165.50 572.50 Td (to ) Tj ET Q q 0 0 0 rg BT 173.80 572.50 Td (conclude ) Tj ET Q q 0 0 0 rg BT 204.75 572.50 Td (that ) Tj ET Q q 0 0 0 rg BT 218.81 572.50 Td (it ) Tj ET Q q 0 0 0 rg BT 225.33 572.50 Td (is ) Tj ET Q q 0 0 0 rg BT 232.74 572.50 Td (more ) Tj ET Q q 0 0 0 rg BT 251.25 572.50 Td (likely ) Tj ET Q q 0 0 0 rg BT 271.54 572.50 Td (than ) Tj ET Q q 0 0 0 rg BT 287.38 572.50 Td (not ) Tj ET Q q 0 0 0 rg BT 299.67 572.50 Td (that ) Tj ET Q q 0 0 0 rg BT 313.74 572.50 Td (such ) Tj ET Q q 0 0 0 rg BT 330.48 572.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.21 572.50 Td (will ) Tj ET Q q 0 0 0 rg BT 365.73 572.50 Td (be ) Tj ET Q q 0 0 0 rg BT 375.35 572.50 Td (realized. ) Tj ET Q q 0 0 0 rg BT 404.28 572.50 Td (An ) Tj ET Q q 0 0 0 rg BT 416.13 572.50 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 444.42 572.50 Td (pattern ) Tj ET Q q 0 0 0 rg BT 468.70 572.50 Td (of ) Tj ET Q q 0 0 0 rg BT 477.44 572.50 Td (sustained ) Tj ET Q q 0 0 0 rg BT 509.28 572.50 Td (profitability ) Tj ET Q q 0 0 0 rg BT 549.57 572.50 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 562.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 81.86 562.90 Td (be ) Tj ET Q q 0 0 0 rg BT 91.51 562.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 128.26 562.90 Td (as ) Tj ET Q q 0 0 0 rg BT 137.02 562.90 Td (suf) Tj ET Q q 0 0 0 rg BT 146.66 562.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 169.19 562.90 Td (positive ) Tj ET Q q 0 0 0 rg BT 196.62 562.90 Td (evidence. ) Tj ET Q q 0 0 0 rg BT 229.14 562.90 Td (If ) Tj ET Q q 0 0 0 rg BT 236.57 562.90 Td (the ) Tj ET Q q 0 0 0 rg BT 248.44 562.90 Td (allowance ) Tj ET Q q 0 0 0 rg BT 282.97 562.90 Td (is ) Tj ET Q q 0 0 0 rg BT 290.40 562.90 Td (reversed ) Tj ET Q q 0 0 0 rg BT 319.59 562.90 Td (in ) Tj ET Q q 0 0 0 rg BT 327.92 562.90 Td (a ) Tj ET Q q 0 0 0 rg BT 333.56 562.90 Td (future ) Tj ET Q q 0 0 0 rg BT 354.76 562.90 Td (period, ) Tj ET Q q 0 0 0 rg BT 379.30 562.90 Td (our ) Tj ET Q q 0 0 0 rg BT 392.06 562.90 Td (income ) Tj ET Q q 0 0 0 rg BT 417.71 562.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 429.58 562.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 461.90 562.90 Td (will ) Tj ET Q q 0 0 0 rg BT 476.45 562.90 Td (be ) Tj ET Q q 0 0 0 rg BT 486.10 562.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.51 562.90 Td (to ) Tj ET Q q 0 0 0 rg BT 521.83 562.90 Td (the ) Tj ET Q q 0 0 0 rg BT 533.70 562.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 555.35 562.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.72 553.30 Td (reversal. ) Tj ET Q q 0 0 0 rg BT 90.55 553.30 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 130.01 553.30 Td (, ) Tj ET Q q 0 0 0 rg BT 133.96 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.67 553.30 Td (establishment ) Tj ET Q q 0 0 0 rg BT 191.61 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 205.10 553.30 Td (reversal ) Tj ET Q q 0 0 0 rg BT 232.36 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 240.97 553.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 272.68 553.30 Td (allowances ) Tj ET Q q 0 0 0 rg BT 310.16 553.30 Td (has ) Tj ET Q q 0 0 0 rg BT 322.77 553.30 Td (had ) Tj ET Q q 0 0 0 rg BT 336.26 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 349.75 553.30 Td (could ) Tj ET Q q 0 0 0 rg BT 369.47 553.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 398.96 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 407.12 553.30 Td (have ) Tj ET Q q 0 0 0 rg BT 424.17 553.30 Td (a ) Tj ET Q q 0 0 0 rg BT 429.66 553.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 465.37 553.30 Td (negative ) Tj ET Q q 0 0 0 rg BT 494.41 553.30 Td (or ) Tj ET Q q 0 0 0 rg BT 503.02 553.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 530.29 553.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 554.00 553.30 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 543.70 Td (our ) Tj ET Q q 0 0 0 rg BT 62.66 543.70 Td (future ) Tj ET Q q 0 0 0 rg BT 83.77 543.70 Td (earnings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 528.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.58 528.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 91.35 528.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 120.11 528.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.00 528.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.79 528.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.46 528.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 198.35 528.10 Td (using ) Tj ET Q q 0 0 0 rg BT 217.80 528.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 244.34 528.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.24 528.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 273.46 528.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 289.57 528.10 Td (if ) Tj ET Q q 0 0 0 rg BT 296.58 528.10 Td (changed, ) Tj ET Q q 0 0 0 rg BT 327.35 528.10 Td (would ) Tj ET Q q 0 0 0 rg BT 349.46 528.10 Td (result ) Tj ET Q q 0 0 0 rg BT 369.36 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.70 528.10 Td (either ) Tj ET Q q 0 0 0 rg BT 398.03 528.10 Td (an ) Tj ET Q q 0 0 0 rg BT 407.69 528.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.02 528.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.80 528.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 474.45 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.79 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.68 528.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 527.02 528.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.47 528.10 Td (income ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 518.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 68.44 518.50 Td (in ) Tj ET Q q 0 0 0 rg BT 76.66 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.43 518.50 Td (period ) Tj ET Q q 0 0 0 rg BT 110.87 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 119.54 518.50 Td (change.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 502.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 502.90 Td (e ) Tj ET Q q 0 0 0 rg BT 62.34 502.90 Td (recognize ) Tj ET Q q 0 0 0 rg BT 95.31 502.90 Td (in ) Tj ET Q q 0 0 0 rg BT 103.41 502.90 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 502.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.38 502.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.24 502.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.89 502.90 Td (those ) Tj ET Q q 0 0 0 rg BT 241.66 502.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.31 502.90 Td (positions ) Tj ET Q q 0 0 0 rg BT 284.09 502.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 321.95 502.90 Td (to ) Tj ET Q q 0 0 0 rg BT 330.05 502.90 Td (be ) Tj ET Q q 0 0 0 rg BT 339.49 502.90 Td (more ) Tj ET Q q 0 0 0 rg BT 361.35 502.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 381.45 502.90 Td (than ) Tj ET Q q 0 0 0 rg BT 397.11 502.90 Td (not ) Tj ET Q q 0 0 0 rg BT 412.76 502.90 Td (of ) Tj ET Q q 0 0 0 rg BT 421.30 502.90 Td (being ) Tj ET Q q 0 0 0 rg BT 440.96 502.90 Td (sustained ) Tj ET Q q 0 0 0 rg BT 472.61 502.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 490.49 502.90 Td (examination, ) Tj ET Q q 0 0 0 rg BT 533.91 502.90 Td (based ) Tj ET Q q 0 0 0 rg BT 554.01 502.90 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 493.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 493.30 Td (technical ) Tj ET Q q 0 0 0 rg BT 92.64 493.30 Td (merits ) Tj ET Q q 0 0 0 rg BT 114.64 493.30 Td (of ) Tj ET Q q 0 0 0 rg BT 123.30 493.30 Td (the ) Tj ET Q q 0 0 0 rg BT 135.08 493.30 Td (positions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.70 Td (From ) Tj ET Q q 0 0 0 rg BT 69.91 477.70 Td (time ) Tj ET Q q 0 0 0 rg BT 86.71 477.70 Td (to ) Tj ET Q q 0 0 0 rg BT 95.51 477.70 Td (time, ) Tj ET Q q 0 0 0 rg BT 114.31 477.70 Td (we ) Tj ET Q q 0 0 0 rg BT 126.21 477.70 Td (engage ) Tj ET Q q 0 0 0 rg BT 151.45 477.70 Td (in ) Tj ET Q q 0 0 0 rg BT 160.25 477.70 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 203.04 477.70 Td (such ) Tj ET Q q 0 0 0 rg BT 220.28 477.70 Td (as ) Tj ET Q q 0 0 0 rg BT 229.52 477.70 Td (business ) Tj ET Q q 0 0 0 rg BT 259.21 477.70 Td (combinations ) Tj ET Q q 0 0 0 rg BT 304.89 477.70 Td (and ) Tj ET Q q 0 0 0 rg BT 319.02 477.70 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 361.83 477.70 Td (in ) Tj ET Q q 0 0 0 rg BT 370.63 477.70 Td (which ) Tj ET Q q 0 0 0 rg BT 392.76 477.70 Td (the ) Tj ET Q q 0 0 0 rg BT 405.11 477.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 417.46 477.70 Td (consequences ) Tj ET Q q 0 0 0 rg BT 464.02 477.70 Td (may ) Tj ET Q q 0 0 0 rg BT 480.38 477.70 Td (be ) Tj ET Q q 0 0 0 rg BT 490.50 477.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 515.74 477.70 Td (to ) Tj ET Q q 0 0 0 rg BT 524.54 477.70 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 560.01 477.70 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 86.95 468.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 119.02 468.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.20 468.10 Td (required ) Tj ET Q q 0 0 0 rg BT 154.70 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.77 468.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 194.40 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.80 468.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 242.97 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.59 468.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 266.21 468.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 312.04 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.55 468.10 Td (these ) Tj ET Q q 0 0 0 rg BT 338.84 468.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 380.77 468.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.68 468.10 Td (e ) Tj ET Q q 0 0 0 rg BT 393.07 468.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 418.90 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.30 468.10 Td (file ) Tj ET Q q 0 0 0 rg BT 444.81 468.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.43 468.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 480.49 468.10 Td (based ) Tj ET Q q 0 0 0 rg BT 500.55 468.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.40 468.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 555.34 468.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 458.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 61.62 458.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 78.13 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 91.53 458.50 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 130.93 458.50 Td (In ) Tj ET Q q 0 0 0 rg BT 139.44 458.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.06 458.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 175.57 458.50 Td (course ) Tj ET Q q 0 0 0 rg BT 198.29 458.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.80 458.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 237.77 458.50 Td (our ) Tj ET Q q 0 0 0 rg BT 250.28 458.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 261.90 458.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 285.96 458.50 Td (are ) Tj ET Q q 0 0 0 rg BT 297.57 458.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 322.08 458.50 Td (to ) Tj ET Q q 0 0 0 rg BT 330.15 458.50 Td (examination ) Tj ET Q q 0 0 0 rg BT 371.54 458.50 Td (by ) Tj ET Q q 0 0 0 rg BT 381.39 458.50 Td (various ) Tj ET Q q 0 0 0 rg BT 406.79 458.50 Td (taxing ) Tj ET Q q 0 0 0 rg BT 428.63 458.50 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 466.25 458.50 Td (Such ) Tj ET Q q 0 0 0 rg BT 484.10 458.50 Td (examinations ) Tj ET Q q 0 0 0 rg BT 528.60 458.50 Td (may ) Tj ET Q q 0 0 0 rg BT 544.22 458.50 Td (result ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.90 Td (in ) Tj ET Q q 0 0 0 rg BT 58.13 448.90 Td (future ) Tj ET Q q 0 0 0 rg BT 79.14 448.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.82 448.90 Td (and ) Tj ET Q q 0 0 0 rg BT 104.28 448.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.74 448.90 Td (assessments ) Tj ET Q q 0 0 0 rg BT 170.31 448.90 Td (by ) Tj ET Q q 0 0 0 rg BT 180.22 448.90 Td (these ) Tj ET Q q 0 0 0 rg BT 198.56 448.90 Td (taxing ) Tj ET Q q 0 0 0 rg BT 220.47 448.90 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 258.01 448.90 Td (W) Tj ET Q q 0 0 0 rg BT 264.92 448.90 Td (e ) Tj ET Q q 0 0 0 rg BT 270.38 448.90 Td (only ) Tj ET Q q 0 0 0 rg BT 286.51 448.90 Td (recognize ) Tj ET Q q 0 0 0 rg BT 319.50 448.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 331.19 448.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 358.42 448.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 377.65 448.90 Td (on ) Tj ET Q q 0 0 0 rg BT 387.56 448.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.24 448.90 Td (returns ) Tj ET Q q 0 0 0 rg BT 423.36 448.90 Td (when ) Tj ET Q q 0 0 0 rg BT 442.60 448.90 Td (we ) Tj ET Q q 0 0 0 rg BT 453.84 448.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 478.84 448.90 Td (they ) Tj ET Q q 0 0 0 rg BT 494.52 448.90 Td (are ) Tj ET Q q 0 0 0 rg BT 506.20 448.90 Td (more ) Tj ET Q q 0 0 0 rg BT 528.09 448.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 548.22 448.90 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 439.30 Td (not ) Tj ET Q q 0 0 0 rg BT 65.57 439.30 Td (of ) Tj ET Q q 0 0 0 rg BT 74.04 439.30 Td (being ) Tj ET Q q 0 0 0 rg BT 93.61 439.30 Td (sustained ) Tj ET Q q 0 0 0 rg BT 125.18 439.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 142.98 439.30 Td (examination ) Tj ET Q q 0 0 0 rg BT 184.33 439.30 Td (based ) Tj ET Q q 0 0 0 rg BT 204.34 439.30 Td (on ) Tj ET Q q 0 0 0 rg BT 214.14 439.30 Td (their ) Tj ET Q q 0 0 0 rg BT 230.60 439.30 Td (technical ) Tj ET Q q 0 0 0 rg BT 261.27 439.30 Td (merits. ) Tj ET Q q 0 0 0 rg BT 284.94 439.30 Td (There ) Tj ET Q q 0 0 0 rg BT 305.39 439.30 Td (is ) Tj ET Q q 0 0 0 rg BT 312.53 439.30 Td (considerable ) Tj ET Q q 0 0 0 rg BT 354.75 439.30 Td (judgment ) Tj ET Q q 0 0 0 rg BT 386.77 439.30 Td (involved ) Tj ET Q q 0 0 0 rg BT 416.57 439.30 Td (in ) Tj ET Q q 0 0 0 rg BT 424.59 439.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 465.04 439.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 492.61 439.30 Td (positions ) Tj ET Q q 0 0 0 rg BT 523.30 439.30 Td (taken ) Tj ET Q q 0 0 0 rg BT 542.43 439.30 Td (on ) Tj ET Q q 0 0 0 rg BT 552.23 439.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 429.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 61.77 429.70 Td (return ) Tj ET Q q 0 0 0 rg BT 82.88 429.70 Td (are ) Tj ET Q q 0 0 0 rg BT 94.64 429.70 Td (more ) Tj ET Q q 0 0 0 rg BT 116.63 429.70 Td (likely ) Tj ET Q q 0 0 0 rg BT 136.85 429.70 Td (than ) Tj ET Q q 0 0 0 rg BT 152.62 429.70 Td (not ) Tj ET Q q 0 0 0 rg BT 168.39 429.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.06 429.70 Td (being ) Tj ET Q q 0 0 0 rg BT 196.83 429.70 Td (sustained.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 414.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.90 414.10 Td (recognize, ) Tj ET Q q 0 0 0 rg BT 98.44 414.10 Td (when ) Tj ET Q q 0 0 0 rg BT 118.21 414.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 155.52 414.10 Td (both ) Tj ET Q q 0 0 0 rg BT 172.18 414.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 199.49 414.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.48 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.48 414.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 270.35 414.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.56 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.22 414.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 348.75 414.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 376.52 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.19 414.10 Td (income ) Tj ET Q q 0 0 0 rg BT 411.17 414.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.39 414.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 451.60 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.26 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.48 414.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 521.57 414.10 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 404.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.77 404.50 Td (of ) Tj ET Q q 0 0 0 rg BT 94.43 404.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.76 404.50 Td (and ) Tj ET Q q 0 0 0 rg BT 143.31 404.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.73 404.50 Td (income.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 385.90 Td (For) Tj ET Q q 0 0 0 rg BT 61.70 385.90 Td (eign ) Tj ET Q q 0 0 0 rg BT 77.48 385.90 Td (exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 370.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.00 370.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 94.89 370.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 124.43 370.30 Td (is ) Tj ET Q q 0 0 0 rg BT 131.33 370.30 Td (the ) Tj ET Q q 0 0 0 rg BT 142.67 370.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 162.89 370.30 Td (but ) Tj ET Q q 0 0 0 rg BT 174.68 370.30 Td (a ) Tj ET Q q 0 0 0 rg BT 179.79 370.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 215.12 370.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 239.79 370.30 Td (of ) Tj ET Q q 0 0 0 rg BT 248.02 370.30 Td (our ) Tj ET Q q 0 0 0 rg BT 260.25 370.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 302.24 370.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 332.23 370.30 Td (and ) Tj ET Q q 0 0 0 rg BT 345.35 370.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 362.91 370.30 Td (are ) Tj ET Q q 0 0 0 rg BT 374.24 370.30 Td (in ) Tj ET Q q 0 0 0 rg BT 382.02 370.30 Td (other ) Tj ET Q q 0 0 0 rg BT 400.02 370.30 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 436.45 370.30 Td (including ) Tj ET Q q 0 0 0 rg BT 468.23 370.30 Td (programming ) Tj ET Q q 0 0 0 rg BT 513.34 370.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 533.13 370.30 Td (expenses ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 360.70 Td (and ) Tj ET Q q 0 0 0 rg BT 63.64 360.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 89.27 360.70 Td (on ) Tj ET Q q 0 0 0 rg BT 99.36 360.70 Td (debt. ) Tj ET Q q 0 0 0 rg BT 117.22 360.70 Td (In ) Tj ET Q q 0 0 0 rg BT 125.97 360.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 156.28 360.70 Td (our ) Tj ET Q q 0 0 0 rg BT 169.03 360.70 Td (Senior ) Tj ET Q q 0 0 0 rg BT 192.01 360.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 212.76 360.70 Td (are ) Tj ET Q q 0 0 0 rg BT 224.61 360.70 Td (denominated ) Tj ET Q q 0 0 0 rg BT 268.02 360.70 Td (in ) Tj ET Q q 0 0 0 rg BT 276.33 360.70 Td (Euros. ) Tj ET Q q 0 0 0 rg BT 299.08 360.70 Td (CME ) Tj ET Q q 0 0 0 rg BT 318.51 360.70 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 333.71 360.70 Td (has ) Tj ET Q q 0 0 0 rg BT 346.46 360.70 Td (a ) Tj ET Q q 0 0 0 rg BT 352.10 360.70 Td (functional ) Tj ET Q q 0 0 0 rg BT 386.62 360.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 416.69 360.70 Td (of ) Tj ET Q q 0 0 0 rg BT 425.44 360.70 Td (the ) Tj ET Q q 0 0 0 rg BT 437.30 360.70 Td (dollar) Tj ET Q q 0 0 0 rg BT 455.52 360.70 Td (. ) Tj ET Q q 0 0 0 rg BT 459.14 360.70 Td (All ) Tj ET Q q 0 0 0 rg BT 471.46 360.70 Td (of ) Tj ET Q q 0 0 0 rg BT 480.21 360.70 Td (our ) Tj ET Q q 0 0 0 rg BT 492.96 360.70 Td (other ) Tj ET Q q 0 0 0 rg BT 511.48 360.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 546.90 360.70 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 84.43 351.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 119.30 351.10 Td (other ) Tj ET Q q 0 0 0 rg BT 137.74 351.10 Td (than ) Tj ET Q q 0 0 0 rg BT 153.51 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.29 351.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 183.50 351.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 335.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 335.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.47 335.50 Td (record ) Tj ET Q q 0 0 0 rg BT 84.91 335.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 105.58 335.50 Td (and ) Tj ET Q q 0 0 0 rg BT 119.14 335.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 150.92 335.50 Td (denominated ) Tj ET Q q 0 0 0 rg BT 194.25 335.50 Td (in ) Tj ET Q q 0 0 0 rg BT 202.48 335.50 Td (a ) Tj ET Q q 0 0 0 rg BT 208.04 335.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 238.02 335.50 Td (other ) Tj ET Q q 0 0 0 rg BT 256.47 335.50 Td (than ) Tj ET Q q 0 0 0 rg BT 272.25 335.50 Td (our ) Tj ET Q q 0 0 0 rg BT 284.92 335.50 Td (functional ) Tj ET Q q 0 0 0 rg BT 319.36 335.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 349.35 335.50 Td (using ) Tj ET Q q 0 0 0 rg BT 368.70 335.50 Td (the ) Tj ET Q q 0 0 0 rg BT 380.48 335.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 412.69 335.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 426.68 335.50 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 461.13 335.50 Td (at ) Tj ET Q q 0 0 0 rg BT 468.91 335.50 Td (each ) Tj ET Q q 0 0 0 rg BT 485.57 335.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 512.00 335.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 530.45 335.50 Td (date, ) Tj ET Q q 0 0 0 rg BT 547.78 335.50 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 325.90 Td (any ) Tj ET Q q 0 0 0 rg BT 63.94 325.90 Td (change ) Tj ET Q q 0 0 0 rg BT 88.99 325.90 Td (in ) Tj ET Q q 0 0 0 rg BT 97.60 325.90 Td (value ) Tj ET Q q 0 0 0 rg BT 117.32 325.90 Td (between ) Tj ET Q q 0 0 0 rg BT 146.36 325.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 178.08 325.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 204.02 325.90 Td (being ) Tj ET Q q 0 0 0 rg BT 224.18 325.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 261.67 325.90 Td (as ) Tj ET Q q 0 0 0 rg BT 270.72 325.90 Td (a ) Tj ET Q q 0 0 0 rg BT 276.66 325.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 314.15 325.90 Td (gain ) Tj ET Q q 0 0 0 rg BT 330.32 325.90 Td (or ) Tj ET Q q 0 0 0 rg BT 339.37 325.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 354.21 325.90 Td (in ) Tj ET Q q 0 0 0 rg BT 362.83 325.90 Td (our ) Tj ET Q q 0 0 0 rg BT 375.88 325.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 418.71 325.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 454.87 325.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.93 325.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 499.64 325.90 Td (and ) Tj ET Q q 0 0 0 rg BT 513.58 325.90 Td (comprehensive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 316.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 76.99 316.30 Td (W) Tj ET Q q 0 0 0 rg BT 83.90 316.30 Td (e ) Tj ET Q q 0 0 0 rg BT 89.01 316.30 Td (are ) Tj ET Q q 0 0 0 rg BT 100.34 316.30 Td (exposed ) Tj ET Q q 0 0 0 rg BT 128.11 316.30 Td (to ) Tj ET Q q 0 0 0 rg BT 135.89 316.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 160.55 316.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 190.09 316.30 Td (on ) Tj ET Q q 0 0 0 rg BT 199.65 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 210.98 316.30 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 248.52 316.30 Td (of ) Tj ET Q q 0 0 0 rg BT 256.75 316.30 Td (monetary ) Tj ET Q q 0 0 0 rg BT 288.52 316.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 308.74 316.30 Td (and ) Tj ET Q q 0 0 0 rg BT 321.85 316.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 353.18 316.30 Td (denominated ) Tj ET Q q 0 0 0 rg BT 396.06 316.30 Td (in ) Tj ET Q q 0 0 0 rg BT 403.84 316.30 Td (currencies ) Tj ET Q q 0 0 0 rg BT 438.27 316.30 Td (other ) Tj ET Q q 0 0 0 rg BT 456.26 316.30 Td (than ) Tj ET Q q 0 0 0 rg BT 471.59 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 482.93 316.30 Td (local ) Tj ET Q q 0 0 0 rg BT 500.03 316.30 Td (functional ) Tj ET Q q 0 0 0 rg BT 534.02 316.30 Td (currency ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 306.70 Td (of ) Tj ET Q q 0 0 0 rg BT 59.22 306.70 Td (the ) Tj ET Q q 0 0 0 rg BT 71.55 306.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 99.88 306.70 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 132.24 306.70 Td (. ) Tj ET Q q 0 0 0 rg BT 136.62 306.70 Td (This ) Tj ET Q q 0 0 0 rg BT 153.40 306.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 182.62 306.70 Td (third ) Tj ET Q q 0 0 0 rg BT 200.28 306.70 Td (party ) Tj ET Q q 0 0 0 rg BT 219.28 306.70 Td (receivables ) Tj ET Q q 0 0 0 rg BT 257.81 306.70 Td (and ) Tj ET Q q 0 0 0 rg BT 271.92 306.70 Td (payables, ) Tj ET Q q 0 0 0 rg BT 304.47 306.70 Td (including ) Tj ET Q q 0 0 0 rg BT 337.25 306.70 Td (our ) Tj ET Q q 0 0 0 rg BT 350.47 306.70 Td (Senior ) Tj ET Q q 0 0 0 rg BT 373.92 306.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 395.14 306.70 Td (which ) Tj ET Q q 0 0 0 rg BT 417.25 306.70 Td (are ) Tj ET Q q 0 0 0 rg BT 429.57 306.70 Td (denominated ) Tj ET Q q 0 0 0 rg BT 473.45 306.70 Td (in ) Tj ET Q q 0 0 0 rg BT 482.23 306.70 Td (Euros, ) Tj ET Q q 0 0 0 rg BT 505.46 306.70 Td (as ) Tj ET Q q 0 0 0 rg BT 514.68 306.70 Td (well ) Tj ET Q q 0 0 0 rg BT 531.01 306.70 Td (as ) Tj ET Q q 0 0 0 rg BT 540.23 306.70 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 96.02 297.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 116.95 297.10 Td (which ) Tj ET Q q 0 0 0 rg BT 138.54 297.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.34 297.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 182.14 297.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 212.62 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.88 297.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 255.79 297.10 Td (other ) Tj ET Q q 0 0 0 rg BT 274.27 297.10 Td (than ) Tj ET Q q 0 0 0 rg BT 290.08 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.89 297.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 320.11 297.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.00 297.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.91 297.10 Td (e ) Tj ET Q q 0 0 0 rg BT 336.50 297.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 366.52 297.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 403.66 297.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 422.58 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.29 297.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.55 297.10 Td (19.5 ) Tj ET Q q 0 0 0 rg BT 463.59 297.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.70 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.74 297.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.33 297.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.60 297.10 Td (4.9 ) Tj ET Q q 0 0 0 rg BT 530.64 297.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.75 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.79 297.10 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 287.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 68.00 287.50 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 287.50 Td (2012, ) Tj ET Q q 0 0 0 rg BT 101.55 287.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 139.68 287.50 Td (, ) Tj ET Q q 0 0 0 rg BT 143.68 287.50 Td (and ) Tj ET Q q 0 0 0 rg BT 157.23 287.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 194.33 287.50 Td (losses ) Tj ET Q q 0 0 0 rg BT 215.44 287.50 Td (of ) Tj ET Q q 0 0 0 rg BT 224.11 287.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.33 287.50 Td (31.1 ) Tj ET Q q 0 0 0 rg BT 256.33 287.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.45 287.50 Td ( ) Tj ET Q q 0 0 0 rg BT 281.45 287.50 Td (in ) Tj ET Q q 0 0 0 rg BT 289.67 287.50 Td (201) Tj ET Q q 0 0 0 rg BT 301.37 287.50 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 271.90 Td (During ) Tj ET Q q 0 0 0 rg BT 74.28 271.90 Td (the ) Tj ET Q q 0 0 0 rg BT 85.66 271.90 Td (fourth ) Tj ET Q q 0 0 0 rg BT 106.83 271.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 131.09 271.90 Td (of ) Tj ET Q q 0 0 0 rg BT 139.37 271.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 158.98 271.90 Td (we ) Tj ET Q q 0 0 0 rg BT 169.93 271.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 207.52 271.90 Td (that ) Tj ET Q q 0 0 0 rg BT 221.13 271.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.51 271.90 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 290.11 271.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 308.61 271.90 Td (to ) Tj ET Q q 0 0 0 rg BT 316.44 271.90 Td (our ) Tj ET Q q 0 0 0 rg BT 328.72 271.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 368.11 271.90 Td (were ) Tj ET Q q 0 0 0 rg BT 385.26 271.90 Td (of ) Tj ET Q q 0 0 0 rg BT 393.54 271.90 Td (a ) Tj ET Q q 0 0 0 rg BT 398.70 271.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 431.86 271.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 468.58 271.90 Td (nature. ) Tj ET Q q 0 0 0 rg BT 492.07 271.90 Td (W) Tj ET Q q 0 0 0 rg BT 498.98 271.90 Td (e ) Tj ET Q q 0 0 0 rg BT 504.14 271.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 533.73 271.90 Td (a ) Tj ET Q q 0 0 0 rg BT 538.90 271.90 Td (foreign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 262.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 82.21 262.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 96.67 262.30 Td (of ) Tj ET Q q 0 0 0 rg BT 105.34 262.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.57 262.30 Td (16.4 ) Tj ET Q q 0 0 0 rg BT 137.58 262.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.69 262.30 Td ( ) Tj ET Q q 0 0 0 rg BT 162.70 262.30 Td (on ) Tj ET Q q 0 0 0 rg BT 172.70 262.30 Td (the ) Tj ET Q q 0 0 0 rg BT 184.48 262.30 Td (retranslation ) Tj ET Q q 0 0 0 rg BT 226.48 262.30 Td (of ) Tj ET Q q 0 0 0 rg BT 235.15 262.30 Td (these ) Tj ET Q q 0 0 0 rg BT 253.59 262.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 299.58 262.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 318.48 262.30 Td (as ) Tj ET Q q 0 0 0 rg BT 327.15 262.30 Td (an ) Tj ET Q q 0 0 0 rg BT 336.70 262.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 373.82 262.30 Td (to ) Tj ET Q q 0 0 0 rg BT 382.05 262.30 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 424.47 262.30 Td (other ) Tj ET Q q 0 0 0 rg BT 442.92 262.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 493.35 262.30 Td (income, ) Tj ET Q q 0 0 0 rg BT 520.91 262.30 Td (a ) Tj ET Q q 0 0 0 rg BT 526.46 262.30 Td (component ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 252.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 252.70 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 102.54 252.70 Td (equity) Tj ET Q q 0 0 0 rg BT 122.01 252.70 Td (, ) Tj ET Q q 0 0 0 rg BT 126.01 252.70 Td (as ) Tj ET Q q 0 0 0 rg BT 134.68 252.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 169.55 252.70 Td (of ) Tj ET Q q 0 0 0 rg BT 178.22 252.70 Td (these ) Tj ET Q q 0 0 0 rg BT 196.66 252.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 215.54 252.70 Td (is ) Tj ET Q q 0 0 0 rg BT 222.88 252.70 Td (not ) Tj ET Q q 0 0 0 rg BT 235.10 252.70 Td (planned ) Tj ET Q q 0 0 0 rg BT 262.43 252.70 Td (or ) Tj ET Q q 0 0 0 rg BT 271.09 252.70 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 308.18 252.70 Td (in ) Tj ET Q q 0 0 0 rg BT 316.41 252.70 Td (the ) Tj ET Q q 0 0 0 rg BT 328.18 252.70 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 366.60 252.70 Td (future.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.98 237.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 93.51 237.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 128.83 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.04 237.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.24 237.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.11 237.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 206.10 237.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 240.08 237.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 269.60 237.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.48 237.10 Td (other ) Tj ET Q q 0 0 0 rg BT 294.47 237.10 Td (than ) Tj ET Q q 0 0 0 rg BT 309.79 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.10 237.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 341.31 237.10 Td (are ) Tj ET Q q 0 0 0 rg BT 352.62 237.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 385.26 237.10 Td (from ) Tj ET Q q 0 0 0 rg BT 402.36 237.10 Td (such ) Tj ET Q q 0 0 0 rg BT 418.57 237.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 452.54 237.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 482.07 237.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.84 237.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 513.16 237.10 Td (at ) Tj ET Q q 0 0 0 rg BT 520.47 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 237.10 Td (exchange ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 227.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 66.79 227.50 Td (in ) Tj ET Q q 0 0 0 rg BT 74.69 227.50 Td (ef) Tj ET Q q 0 0 0 rg BT 80.76 227.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 94.43 227.50 Td (at ) Tj ET Q q 0 0 0 rg BT 101.89 227.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.35 227.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 139.46 227.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 157.58 227.50 Td (date ) Tj ET Q q 0 0 0 rg BT 172.59 227.50 Td (for ) Tj ET Q q 0 0 0 rg BT 183.60 227.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 203.95 227.50 Td (and ) Tj ET Q q 0 0 0 rg BT 217.18 227.50 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 250.64 227.50 Td (and ) Tj ET Q q 0 0 0 rg BT 263.87 227.50 Td (at ) Tj ET Q q 0 0 0 rg BT 271.33 227.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 302.34 227.50 Td (average ) Tj ET Q q 0 0 0 rg BT 328.89 227.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 345.67 227.50 Td (for ) Tj ET Q q 0 0 0 rg BT 356.68 227.50 Td (the ) Tj ET Q q 0 0 0 rg BT 368.14 227.50 Td (period ) Tj ET Q q 0 0 0 rg BT 390.26 227.50 Td (for ) Tj ET Q q 0 0 0 rg BT 401.27 227.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 431.39 227.50 Td (and ) Tj ET Q q 0 0 0 rg BT 444.62 227.50 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 477.18 227.50 Td (including ) Tj ET Q q 0 0 0 rg BT 509.09 227.50 Td (gains ) Tj ET Q q 0 0 0 rg BT 527.66 227.50 Td (and ) Tj ET Q q 0 0 0 rg BT 540.89 227.50 Td (losses. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 217.90 Td (T) Tj ET Q q 0 0 0 rg BT 54.61 217.90 Td (ranslational ) Tj ET Q q 0 0 0 rg BT 93.93 217.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 112.81 217.90 Td (and ) Tj ET Q q 0 0 0 rg BT 126.36 217.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 147.48 217.90 Td (are ) Tj ET Q q 0 0 0 rg BT 159.24 217.90 Td (char) Tj ET Q q 0 0 0 rg BT 172.86 217.90 Td (ged ) Tj ET Q q 0 0 0 rg BT 186.41 217.90 Td (or ) Tj ET Q q 0 0 0 rg BT 195.08 217.90 Td (credited ) Tj ET Q q 0 0 0 rg BT 222.84 217.90 Td (to ) Tj ET Q q 0 0 0 rg BT 231.06 217.90 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 273.48 217.90 Td (other ) Tj ET Q q 0 0 0 rg BT 291.92 217.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 342.35 217.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 369.89 217.90 Td (a ) Tj ET Q q 0 0 0 rg BT 375.45 217.90 Td (component ) Tj ET Q q 0 0 0 rg BT 412.99 217.90 Td (of ) Tj ET Q q 0 0 0 rg BT 421.66 217.90 Td (equity) Tj ET Q q 0 0 0 rg BT 441.13 217.90 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 202.30 Td (Determination ) Tj ET Q q 0 0 0 rg BT 98.24 202.30 Td (of ) Tj ET Q q 0 0 0 rg BT 106.95 202.30 Td (the ) Tj ET Q q 0 0 0 rg BT 118.76 202.30 Td (functional ) Tj ET Q q 0 0 0 rg BT 153.23 202.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 183.24 202.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.95 202.30 Td (an ) Tj ET Q q 0 0 0 rg BT 201.53 202.30 Td (entity ) Tj ET Q q 0 0 0 rg BT 221.79 202.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 249.59 202.30 Td (considerable ) Tj ET Q q 0 0 0 rg BT 292.05 202.30 Td (management ) Tj ET Q q 0 0 0 rg BT 334.96 202.30 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 369.22 202.30 Td (which ) Tj ET Q q 0 0 0 rg BT 390.81 202.30 Td (is ) Tj ET Q q 0 0 0 rg BT 398.18 202.30 Td (essential ) Tj ET Q q 0 0 0 rg BT 427.76 202.30 Td (and ) Tj ET Q q 0 0 0 rg BT 441.35 202.30 Td (paramount ) Tj ET Q q 0 0 0 rg BT 477.60 202.30 Td (to ) Tj ET Q q 0 0 0 rg BT 485.86 202.30 Td (this ) Tj ET Q q 0 0 0 rg BT 499.46 202.30 Td (determination. ) Tj ET Q q 0 0 0 rg BT 547.77 202.30 Td (This ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 192.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 79.17 192.70 Td (our ) Tj ET Q q 0 0 0 rg BT 92.34 192.70 Td (assessment ) Tj ET Q q 0 0 0 rg BT 130.40 192.70 Td (of ) Tj ET Q q 0 0 0 rg BT 139.57 192.70 Td (a ) Tj ET Q q 0 0 0 rg BT 145.62 192.70 Td (series ) Tj ET Q q 0 0 0 rg BT 166.35 192.70 Td (of ) Tj ET Q q 0 0 0 rg BT 175.52 192.70 Td (indicators, ) Tj ET Q q 0 0 0 rg BT 211.57 192.70 Td (such ) Tj ET Q q 0 0 0 rg BT 228.74 192.70 Td (as ) Tj ET Q q 0 0 0 rg BT 237.91 192.70 Td (the ) Tj ET Q q 0 0 0 rg BT 250.19 192.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 280.68 192.70 Td (in ) Tj ET Q q 0 0 0 rg BT 289.41 192.70 Td (which ) Tj ET Q q 0 0 0 rg BT 311.47 192.70 Td (a ) Tj ET Q q 0 0 0 rg BT 317.52 192.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 347.14 192.70 Td (of ) Tj ET Q q 0 0 0 rg BT 356.31 192.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 374.37 192.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 415.08 192.70 Td (are ) Tj ET Q q 0 0 0 rg BT 427.36 192.70 Td (negotiated, ) Tj ET Q q 0 0 0 rg BT 465.18 192.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 493.46 192.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 522.61 192.70 Td (or ) Tj ET Q q 0 0 0 rg BT 531.79 192.70 Td (financing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (secured. ) Tj ET Q q 0 0 0 rg BT 77.84 183.10 Td (If ) Tj ET Q q 0 0 0 rg BT 84.59 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.77 183.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 117.18 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.25 183.10 Td (our ) Tj ET Q q 0 0 0 rg BT 137.33 183.10 Td (business ) Tj ET Q q 0 0 0 rg BT 165.86 183.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.60 183.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 229.78 183.10 Td (such ) Tj ET Q q 0 0 0 rg BT 245.86 183.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.93 183.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.35 183.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 294.09 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.27 183.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 334.67 183.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.30 183.10 Td (which ) Tj ET Q q 0 0 0 rg BT 363.27 183.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 380.23 183.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 419.86 183.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.04 183.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 473.77 183.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.85 183.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.27 183.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 522.00 183.10 Td (significantly ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 173.50 Td (more ) Tj ET Q q 0 0 0 rg BT 68.47 173.50 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 108.27 173.50 Td (in ) Tj ET Q q 0 0 0 rg BT 116.53 173.50 Td (a ) Tj ET Q q 0 0 0 rg BT 122.12 173.50 Td (dif) Tj ET Q q 0 0 0 rg BT 130.86 173.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 151.55 173.50 Td (currency) Tj ET Q q 0 0 0 rg BT 179.01 173.50 Td (, ) Tj ET Q q 0 0 0 rg BT 183.04 173.50 Td (we ) Tj ET Q q 0 0 0 rg BT 194.41 173.50 Td (may ) Tj ET Q q 0 0 0 rg BT 210.22 173.50 Td (be ) Tj ET Q q 0 0 0 rg BT 219.81 173.50 Td (required ) Tj ET Q q 0 0 0 rg BT 248.49 173.50 Td (to ) Tj ET Q q 0 0 0 rg BT 256.75 173.50 Td (change ) Tj ET Q q 0 0 0 rg BT 281.44 173.50 Td (the ) Tj ET Q q 0 0 0 rg BT 293.25 173.50 Td (functional ) Tj ET Q q 0 0 0 rg BT 327.72 173.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 357.74 173.50 Td (of ) Tj ET Q q 0 0 0 rg BT 366.44 173.50 Td (some ) Tj ET Q q 0 0 0 rg BT 385.36 173.50 Td (of ) Tj ET Q q 0 0 0 rg BT 394.06 173.50 Td (our ) Tj ET Q q 0 0 0 rg BT 406.76 173.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 444.12 173.50 Td (potentially ) Tj ET Q q 0 0 0 rg BT 480.37 173.50 Td (changing ) Tj ET Q q 0 0 0 rg BT 511.73 173.50 Td (the ) Tj ET Q q 0 0 0 rg BT 523.54 173.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 552.69 173.50 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 163.90 Td (report ) Tj ET Q q 0 0 0 rg BT 70.87 163.90 Td (as ) Tj ET Q q 0 0 0 rg BT 79.31 163.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 116.18 163.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 134.84 163.90 Td (and ) Tj ET Q q 0 0 0 rg BT 148.16 163.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 169.04 163.90 Td (in ) Tj ET Q q 0 0 0 rg BT 177.04 163.90 Td (the ) Tj ET Q q 0 0 0 rg BT 188.58 163.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.79 163.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 266.33 163.90 Td (of ) Tj ET Q q 0 0 0 rg BT 274.76 163.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 309.86 163.90 Td (and ) Tj ET Q q 0 0 0 rg BT 323.18 163.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 373.38 163.90 Td (income ) Tj ET Q q 0 0 0 rg BT 398.70 163.90 Td (as ) Tj ET Q q 0 0 0 rg BT 407.13 163.90 Td (well ) Tj ET Q q 0 0 0 rg BT 422.68 163.90 Td (as ) Tj ET Q q 0 0 0 rg BT 431.11 163.90 Td (the ) Tj ET Q q 0 0 0 rg BT 442.66 163.90 Td (translational ) Tj ET Q q 0 0 0 rg BT 483.97 163.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 502.63 163.90 Td (and ) Tj ET Q q 0 0 0 rg BT 515.95 163.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 536.84 163.90 Td (char) Tj ET Q q 0 0 0 rg BT 550.46 163.90 Td (ged ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.30 Td (or ) Tj ET Q q 0 0 0 rg BT 57.87 154.30 Td (credited ) Tj ET Q q 0 0 0 rg BT 84.83 154.30 Td (to ) Tj ET Q q 0 0 0 rg BT 92.25 154.30 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 133.88 154.30 Td (other ) Tj ET Q q 0 0 0 rg BT 151.51 154.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 201.14 154.30 Td (income. ) Tj ET Q q 0 0 0 rg BT 227.89 154.30 Td (In ) Tj ET Q q 0 0 0 rg BT 235.75 154.30 Td (establishing ) Tj ET Q q 0 0 0 rg BT 275.17 154.30 Td (functional ) Tj ET Q q 0 0 0 rg BT 308.81 154.30 Td (currency) Tj ET Q q 0 0 0 rg BT 336.27 154.30 Td (, ) Tj ET Q q 0 0 0 rg BT 339.47 154.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 365.55 154.30 Td (facts ) Tj ET Q q 0 0 0 rg BT 381.85 154.30 Td (and ) Tj ET Q q 0 0 0 rg BT 394.60 154.30 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 441.12 154.30 Td (are ) Tj ET Q q 0 0 0 rg BT 452.08 154.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 487.94 154.30 Td (carefully) Tj ET Q q 0 0 0 rg BT 515.84 154.30 Td (, ) Tj ET Q q 0 0 0 rg BT 519.04 154.30 Td (and ) Tj ET Q q 0 0 0 rg BT 531.79 154.30 Td (judgment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 144.70 Td (is ) Tj ET Q q 0 0 0 rg BT 57.34 144.70 Td (exercised ) Tj ET Q q 0 0 0 rg BT 89.54 144.70 Td (as ) Tj ET Q q 0 0 0 rg BT 98.20 144.70 Td (to ) Tj ET Q q 0 0 0 rg BT 106.43 144.70 Td (what ) Tj ET Q q 0 0 0 rg BT 123.98 144.70 Td (types ) Tj ET Q q 0 0 0 rg BT 142.86 144.70 Td (of ) Tj ET Q q 0 0 0 rg BT 151.53 144.70 Td (information ) Tj ET Q q 0 0 0 rg BT 191.30 144.70 Td (might ) Tj ET Q q 0 0 0 rg BT 211.96 144.70 Td (be ) Tj ET Q q 0 0 0 rg BT 221.52 144.70 Td (most ) Tj ET Q q 0 0 0 rg BT 239.07 144.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 260.63 144.70 Td (to ) Tj ET Q q 0 0 0 rg BT 268.85 144.70 Td (investors.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (Contingencies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 110.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 110.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.77 110.50 Td (are, ) Tj ET Q q 0 0 0 rg BT 76.85 110.50 Td (from ) Tj ET Q q 0 0 0 rg BT 94.72 110.50 Td (time ) Tj ET Q q 0 0 0 rg BT 111.25 110.50 Td (to ) Tj ET Q q 0 0 0 rg BT 119.79 110.50 Td (time, ) Tj ET Q q 0 0 0 rg BT 138.32 110.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 168.63 110.50 Td (in ) Tj ET Q q 0 0 0 rg BT 177.16 110.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.24 110.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 219.10 110.50 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 260.07 110.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 275.93 110.50 Td (as ) Tj ET Q q 0 0 0 rg BT 284.91 110.50 Td (required, ) Tj ET Q q 0 0 0 rg BT 315.87 110.50 Td (accrue ) Tj ET Q q 0 0 0 rg BT 339.05 110.50 Td (our ) Tj ET Q q 0 0 0 rg BT 352.03 110.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 381.00 110.50 Td (of ) Tj ET Q q 0 0 0 rg BT 389.98 110.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.07 110.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 432.37 110.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.68 110.50 Td (for ) Tj ET Q q 0 0 0 rg BT 462.32 110.50 Td (the ) Tj ET Q q 0 0 0 rg BT 474.41 110.50 Td (resolution ) Tj ET Q q 0 0 0 rg BT 508.72 110.50 Td (for ) Tj ET Q q 0 0 0 rg BT 520.36 110.50 Td (these ) Tj ET Q q 0 0 0 rg BT 539.11 110.50 Td (claims. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 100.90 Td (These ) Tj ET Q q 0 0 0 rg BT 71.44 100.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 103.54 100.90 Td (are ) Tj ET Q q 0 0 0 rg BT 115.64 100.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 150.85 100.90 Td (in ) Tj ET Q q 0 0 0 rg BT 159.41 100.90 Td (consultation ) Tj ET Q q 0 0 0 rg BT 200.85 100.90 Td (with ) Tj ET Q q 0 0 0 rg BT 217.41 100.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 235.29 100.90 Td (counsel ) Tj ET Q q 0 0 0 rg BT 262.06 100.90 Td (and ) Tj ET Q q 0 0 0 rg BT 275.95 100.90 Td (are ) Tj ET Q q 0 0 0 rg BT 288.05 100.90 Td (based ) Tj ET Q q 0 0 0 rg BT 308.60 100.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 326.93 100.90 Td (an ) Tj ET Q q 0 0 0 rg BT 336.82 100.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 364.93 100.90 Td (of ) Tj ET Q q 0 0 0 rg BT 373.93 100.90 Td (potential ) Tj ET Q q 0 0 0 rg BT 404.25 100.90 Td (results, ) Tj ET Q q 0 0 0 rg BT 429.47 100.90 Td (assuming ) Tj ET Q q 0 0 0 rg BT 462.03 100.90 Td (a ) Tj ET Q q 0 0 0 rg BT 467.92 100.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 510.25 100.90 Td (of ) Tj ET Q q 0 0 0 rg BT 519.24 100.90 Td (litigation ) Tj ET Q q 0 0 0 rg BT 550.47 100.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 91.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 84.69 91.30 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 118.72 91.30 Td (It ) Tj ET Q q 0 0 0 rg BT 125.42 91.30 Td (is ) Tj ET Q q 0 0 0 rg BT 132.57 91.30 Td (possible, ) Tj ET Q q 0 0 0 rg BT 162.61 91.30 Td (however) Tj ET Q q 0 0 0 rg BT 189.83 91.30 Td (, ) Tj ET Q q 0 0 0 rg BT 193.64 91.30 Td (that ) Tj ET Q q 0 0 0 rg BT 207.46 91.30 Td (future ) Tj ET Q q 0 0 0 rg BT 228.37 91.30 Td (results ) Tj ET Q q 0 0 0 rg BT 251.07 91.30 Td (of ) Tj ET Q q 0 0 0 rg BT 259.55 91.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 294.69 91.30 Td (for ) Tj ET Q q 0 0 0 rg BT 305.83 91.30 Td (any ) Tj ET Q q 0 0 0 rg BT 319.20 91.30 Td (particular ) Tj ET Q q 0 0 0 rg BT 351.66 91.30 Td (period ) Tj ET Q q 0 0 0 rg BT 373.91 91.30 Td (could ) Tj ET Q q 0 0 0 rg BT 393.50 91.30 Td (be ) Tj ET Q q 0 0 0 rg BT 402.87 91.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 437.11 91.30 Td (af) Tj ET Q q 0 0 0 rg BT 443.18 91.30 Td (fected ) Tj ET Q q 0 0 0 rg BT 464.53 91.30 Td (by ) Tj ET Q q 0 0 0 rg BT 474.35 91.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 501.93 91.30 Td (in ) Tj ET Q q 0 0 0 rg BT 509.96 91.30 Td (our ) Tj ET Q q 0 0 0 rg BT 522.44 91.30 Td (assumptions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 81.70 Td (or ) Tj ET Q q 0 0 0 rg BT 58.70 81.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.51 81.70 Td (ef) Tj ET Q q 0 0 0 rg BT 76.58 81.70 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 114.16 81.70 Td (of ) Tj ET Q q 0 0 0 rg BT 122.86 81.70 Td (our ) Tj ET Q q 0 0 0 rg BT 135.57 81.70 Td (strategies ) Tj ET Q q 0 0 0 rg BT 167.81 81.70 Td (related ) Tj ET Q q 0 0 0 rg BT 191.61 81.70 Td (to ) Tj ET Q q 0 0 0 rg BT 199.88 81.70 Td (these ) Tj ET Q q 0 0 0 rg BT 218.35 81.70 Td (proceedings. ) Tj ET Q q 0 0 0 rg BT 261.04 81.70 Td (See ) Tj ET Q q 0 0 0 rg BT 274.63 81.70 Td (Item ) Tj ET Q q 0 0 0 rg BT 291.33 81.70 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.37 81.70 Td (Note ) Tj ET Q q 0 0 0 rg BT 316.96 81.70 Td (21, ) Tj ET Q q 0 0 0 rg BT 328.99 81.70 Td ("Commitments ) Tj ET Q q 0 0 0 rg BT 379.63 81.70 Td (and ) Tj ET Q q 0 0 0 rg BT 393.22 81.70 Td (Contingencies") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.26 81.70 Td ( ) Tj ET Q q 0 0 0 rg BT 444.29 81.70 Td (for ) Tj ET Q q 0 0 0 rg BT 455.66 81.70 Td (more ) Tj ET Q q 0 0 0 rg BT 474.14 81.70 Td (detailed ) Tj ET Q q 0 0 0 rg BT 501.50 81.70 Td (information ) Tj ET Q q 0 0 0 rg BT 541.30 81.70 Td (on ) Tj ET Q q 0 0 0 rg BT 551.34 81.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 80.89 72.10 Td (exposure.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (41) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Recent ) Tj ET Q q 0 0 0 rg BT 73.62 743.45 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 112.05 743.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 119.75 743.45 Td (onouncements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (See ) Tj ET Q q 0 0 0 rg BT 63.32 727.85 Td (Item ) Tj ET Q q 0 0 0 rg BT 79.74 727.85 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.51 727.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 104.83 727.85 Td (2, ) Tj ET Q q 0 0 0 rg BT 112.59 727.85 Td ("Basis ) Tj ET Q q 0 0 0 rg BT 134.96 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 143.39 727.85 Td (Presentation ) Tj ET Q q 0 0 0 rg BT 184.71 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 198.02 727.85 Td (Summary ) Tj ET Q q 0 0 0 rg BT 230.90 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 239.33 727.85 Td (Significant ) Tj ET Q q 0 0 0 rg BT 275.81 727.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 314.90 727.85 Td (Policies") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.50 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 345.27 727.85 Td (for ) Tj ET Q q 0 0 0 rg BT 356.36 727.85 Td (a ) Tj ET Q q 0 0 0 rg BT 361.68 727.85 Td (discussion ) Tj ET Q q 0 0 0 rg BT 396.78 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 405.21 727.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 442.08 727.85 Td (standards ) Tj ET Q q 0 0 0 rg BT 474.06 727.85 Td (adopted ) Tj ET Q q 0 0 0 rg BT 501.15 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 514.47 727.85 Td (recently ) Tj ET Q q 0 0 0 rg BT 542.00 727.85 Td (issued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 87.10 718.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 119.31 718.25 Td (not ) Tj ET Q q 0 0 0 rg BT 131.54 718.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 143.31 718.25 Td (adopted.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 696.65 Td (V) Tj ET Q q 0 0 0 rg BT 55.63 696.65 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 696.65 Td (Related Party Matters) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 681.05 Td (There ) Tj ET Q q 0 0 0 rg BT 70.75 681.05 Td (is ) Tj ET Q q 0 0 0 rg BT 78.18 681.05 Td (a ) Tj ET Q q 0 0 0 rg BT 83.83 681.05 Td (limited ) Tj ET Q q 0 0 0 rg BT 108.59 681.05 Td (local ) Tj ET Q q 0 0 0 rg BT 126.23 681.05 Td (market ) Tj ET Q q 0 0 0 rg BT 150.54 681.05 Td (for ) Tj ET Q q 0 0 0 rg BT 161.97 681.05 Td (many ) Tj ET Q q 0 0 0 rg BT 181.84 681.05 Td (specialist ) Tj ET Q q 0 0 0 rg BT 213.70 681.05 Td (television ) Tj ET Q q 0 0 0 rg BT 246.90 681.05 Td (services ) Tj ET Q q 0 0 0 rg BT 274.77 681.05 Td (in ) Tj ET Q q 0 0 0 rg BT 283.09 681.05 Td (the ) Tj ET Q q 0 0 0 rg BT 294.96 681.05 Td (countries ) Tj ET Q q 0 0 0 rg BT 326.38 681.05 Td (in ) Tj ET Q q 0 0 0 rg BT 334.70 681.05 Td (which ) Tj ET Q q 0 0 0 rg BT 356.34 681.05 Td (we ) Tj ET Q q 0 0 0 rg BT 367.77 681.05 Td (operate; ) Tj ET Q q 0 0 0 rg BT 395.63 681.05 Td (many ) Tj ET Q q 0 0 0 rg BT 415.50 681.05 Td (of ) Tj ET Q q 0 0 0 rg BT 424.26 681.05 Td (these ) Tj ET Q q 0 0 0 rg BT 442.79 681.05 Td (services ) Tj ET Q q 0 0 0 rg BT 470.65 681.05 Td (are ) Tj ET Q q 0 0 0 rg BT 482.52 681.05 Td (provided ) Tj ET Q q 0 0 0 rg BT 513.05 681.05 Td (to ) Tj ET Q q 0 0 0 rg BT 521.37 681.05 Td (us ) Tj ET Q q 0 0 0 rg BT 530.58 681.05 Td (by ) Tj ET Q q 0 0 0 rg BT 540.68 681.05 Td (parties ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 671.45 Td (known ) Tj ET Q q 0 0 0 rg BT 73.99 671.45 Td (to ) Tj ET Q q 0 0 0 rg BT 82.43 671.45 Td (be ) Tj ET Q q 0 0 0 rg BT 92.20 671.45 Td (connected ) Tj ET Q q 0 0 0 rg BT 126.84 671.45 Td (to ) Tj ET Q q 0 0 0 rg BT 135.28 671.45 Td (our ) Tj ET Q q 0 0 0 rg BT 148.16 671.45 Td (local ) Tj ET Q q 0 0 0 rg BT 165.92 671.45 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 210.08 671.45 Td (As ) Tj ET Q q 0 0 0 rg BT 221.18 671.45 Td (stated ) Tj ET Q q 0 0 0 rg BT 242.06 671.45 Td (in ) Tj ET Q q 0 0 0 rg BT 250.01 671.45 Td (ASC ) Tj ET Q q 0 0 0 rg BT 267.79 671.45 Td (850, ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 284.00 671.45 Td (Related ) Tj ET Q q 0 0 0 rg BT 310.65 671.45 Td (Party ) Tj ET Q q 0 0 0 rg BT 330.64 671.45 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 361.46 671.45 Td (es, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.34 671.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 412.76 671.45 Td (involving ) Tj ET Q q 0 0 0 rg BT 445.65 671.45 Td (related ) Tj ET Q q 0 0 0 rg BT 469.63 671.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 493.17 671.45 Td (cannot ) Tj ET Q q 0 0 0 rg BT 516.71 671.45 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 554.46 671.45 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 661.85 Td (presumed ) Tj ET Q q 0 0 0 rg BT 83.19 661.85 Td (to ) Tj ET Q q 0 0 0 rg BT 91.50 661.85 Td (be ) Tj ET Q q 0 0 0 rg BT 101.14 661.85 Td (carried ) Tj ET Q q 0 0 0 rg BT 125.43 661.85 Td (out ) Tj ET Q q 0 0 0 rg BT 137.74 661.85 Td (on ) Tj ET Q q 0 0 0 rg BT 147.82 661.85 Td (an ) Tj ET Q q 0 0 0 rg BT 157.46 661.85 Td (arm's-length ) Tj ET Q q 0 0 0 rg BT 199.20 661.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 219.29 661.85 Td (as ) Tj ET Q q 0 0 0 rg BT 228.04 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 239.90 661.85 Td (requisite ) Tj ET Q q 0 0 0 rg BT 269.53 661.85 Td (conditions ) Tj ET Q q 0 0 0 rg BT 304.95 661.85 Td (of ) Tj ET Q q 0 0 0 rg BT 313.70 661.85 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 355.55 661.85 Td (free-market ) Tj ET Q q 0 0 0 rg BT 394.95 661.85 Td (dealings ) Tj ET Q q 0 0 0 rg BT 423.69 661.85 Td (may ) Tj ET Q q 0 0 0 rg BT 439.55 661.85 Td (not ) Tj ET Q q 0 0 0 rg BT 451.86 661.85 Td (exist. ) Tj ET Q q 0 0 0 rg BT 470.91 661.85 Td (W) Tj ET Q q 0 0 0 rg BT 477.82 661.85 Td (e ) Tj ET Q q 0 0 0 rg BT 483.46 661.85 Td (continue ) Tj ET Q q 0 0 0 rg BT 513.09 661.85 Td (to ) Tj ET Q q 0 0 0 rg BT 521.40 661.85 Td (review ) Tj ET Q q 0 0 0 rg BT 545.25 661.85 Td (all ) Tj ET Q q 0 0 0 rg BT 555.33 661.85 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (these ) Tj ET Q q 0 0 0 rg BT 68.44 652.25 Td (arrangements.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 636.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 636.65 Td (e ) Tj ET Q q 0 0 0 rg BT 62.48 636.65 Td (consider ) Tj ET Q q 0 0 0 rg BT 91.60 636.65 Td (our ) Tj ET Q q 0 0 0 rg BT 104.28 636.65 Td (related ) Tj ET Q q 0 0 0 rg BT 128.06 636.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 151.40 636.65 Td (to ) Tj ET Q q 0 0 0 rg BT 159.64 636.65 Td (be ) Tj ET Q q 0 0 0 rg BT 169.21 636.65 Td (those ) Tj ET Q q 0 0 0 rg BT 188.11 636.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 230.56 636.65 Td (who ) Tj ET Q q 0 0 0 rg BT 246.36 636.65 Td (have ) Tj ET Q q 0 0 0 rg BT 263.47 636.65 Td (direct ) Tj ET Q q 0 0 0 rg BT 283.70 636.65 Td (control ) Tj ET Q q 0 0 0 rg BT 308.38 636.65 Td (and/or ) Tj ET Q q 0 0 0 rg BT 330.84 636.65 Td (influence ) Tj ET Q q 0 0 0 rg BT 362.62 636.65 Td (and ) Tj ET Q q 0 0 0 rg BT 376.18 636.65 Td (other ) Tj ET Q q 0 0 0 rg BT 394.64 636.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 417.98 636.65 Td (that ) Tj ET Q q 0 0 0 rg BT 431.99 636.65 Td (can ) Tj ET Q q 0 0 0 rg BT 445.11 636.65 Td (significantly ) Tj ET Q q 0 0 0 rg BT 487.12 636.65 Td (influence ) Tj ET Q q 0 0 0 rg BT 518.90 636.65 Td (management; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 627.05 Td (a ) Tj ET Q q 0 0 0 rg BT 55.49 627.05 Td (connected ) Tj ET Q q 0 0 0 rg BT 96.96 627.05 Td (party ) Tj ET Q q 0 0 0 rg BT 115.33 627.05 Td (is ) Tj ET Q q 0 0 0 rg BT 122.61 627.05 Td (one ) Tj ET Q q 0 0 0 rg BT 136.09 627.05 Td (for ) Tj ET Q q 0 0 0 rg BT 147.36 627.05 Td (whom ) Tj ET Q q 0 0 0 rg BT 169.30 627.05 Td (we ) Tj ET Q q 0 0 0 rg BT 180.57 627.05 Td (are ) Tj ET Q q 0 0 0 rg BT 192.27 627.05 Td (aware ) Tj ET Q q 0 0 0 rg BT 213.30 627.05 Td (of ) Tj ET Q q 0 0 0 rg BT 221.91 627.05 Td (the ) Tj ET Q q 0 0 0 rg BT 233.62 627.05 Td (existence ) Tj ET Q q 0 0 0 rg BT 265.32 627.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.92 627.05 Td (an ) Tj ET Q q 0 0 0 rg BT 283.41 627.05 Td (immediate ) Tj ET Q q 0 0 0 rg BT 319.11 627.05 Td (family ) Tj ET Q q 0 0 0 rg BT 341.93 627.05 Td (or ) Tj ET Q q 0 0 0 rg BT 350.54 627.05 Td (business ) Tj ET Q q 0 0 0 rg BT 379.59 627.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 416.63 627.05 Td (to ) Tj ET Q q 0 0 0 rg BT 424.79 627.05 Td (a ) Tj ET Q q 0 0 0 rg BT 430.28 627.05 Td (shareholder) Tj ET Q q 0 0 0 rg BT 467.15 627.05 Td (. ) Tj ET Q q 0 0 0 rg BT 470.95 627.05 Td (W) Tj ET Q q 0 0 0 rg BT 477.86 627.05 Td (e ) Tj ET Q q 0 0 0 rg BT 483.35 627.05 Td (have ) Tj ET Q q 0 0 0 rg BT 500.39 627.05 Td (entered ) Tj ET Q q 0 0 0 rg BT 525.87 627.05 Td (into ) Tj ET Q q 0 0 0 rg BT 540.25 627.05 Td (related ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 617.45 Td (party ) Tj ET Q q 0 0 0 rg BT 68.44 617.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 108.65 617.45 Td (in ) Tj ET Q q 0 0 0 rg BT 116.87 617.45 Td (all ) Tj ET Q q 0 0 0 rg BT 126.87 617.45 Td (of ) Tj ET Q q 0 0 0 rg BT 135.53 617.45 Td (our ) Tj ET Q q 0 0 0 rg BT 148.20 617.45 Td (markets. ) Tj ET Q q 0 0 0 rg BT 177.52 617.45 Td (For ) Tj ET Q q 0 0 0 rg BT 190.63 617.45 Td (detailed ) Tj ET Q q 0 0 0 rg BT 217.95 617.45 Td (discussion ) Tj ET Q q 0 0 0 rg BT 253.29 617.45 Td (of ) Tj ET Q q 0 0 0 rg BT 261.95 617.45 Td (all ) Tj ET Q q 0 0 0 rg BT 271.95 617.45 Td (such ) Tj ET Q q 0 0 0 rg BT 288.61 617.45 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 330.82 617.45 Td (see ) Tj ET Q q 0 0 0 rg BT 343.04 617.45 Td (Item ) Tj ET Q q 0 0 0 rg BT 359.70 617.45 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.70 617.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 385.25 617.45 Td (22, ) Tj ET Q q 0 0 0 rg BT 397.25 617.45 Td ("Related ) Tj ET Q q 0 0 0 rg BT 426.95 617.45 Td (Party ) Tj ET Q q 0 0 0 rg BT 445.69 617.45 Td (T) Tj ET Q q 0 0 0 rg BT 450.30 617.45 Td (ransactions") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.55 617.45 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 595.85 Td (ITEM 7A. ) Tj ET Q q 0 0 0 rg BT 95.00 595.85 Td (Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 227.08 595.85 Td (es about Market Risk) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 580.25 Td (e ) Tj ET Q q 0 0 0 rg BT 62.76 580.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 87.72 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.24 580.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 127.42 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.72 580.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 166.24 580.25 Td (us ) Tj ET Q q 0 0 0 rg BT 175.65 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.18 580.25 Td (various ) Tj ET Q q 0 0 0 rg BT 210.03 580.25 Td (market ) Tj ET Q q 0 0 0 rg BT 234.54 580.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 253.96 580.25 Td (including ) Tj ET Q q 0 0 0 rg BT 286.48 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.55 580.25 Td (ef) Tj ET Q q 0 0 0 rg BT 304.62 580.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 318.91 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.88 580.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 355.95 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.47 580.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 389.87 580.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 420.16 580.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 452.66 580.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 470.06 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.92 580.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.76 580.25 Td (rates.) Tj ET Q q 0 0 0 rg BT 528.72 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 535.63 580.25 Td (e ) Tj ET Q q 0 0 0 rg BT 541.48 580.25 Td (do ) Tj ET Q q 0 0 0 rg BT 551.79 580.25 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 570.65 Td (engage ) Tj ET Q q 0 0 0 rg BT 74.65 570.65 Td (in ) Tj ET Q q 0 0 0 rg BT 82.88 570.65 Td (speculative ) Tj ET Q q 0 0 0 rg BT 120.86 570.65 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 163.07 570.65 Td (nor ) Tj ET Q q 0 0 0 rg BT 175.73 570.65 Td (do ) Tj ET Q q 0 0 0 rg BT 185.73 570.65 Td (we ) Tj ET Q q 0 0 0 rg BT 197.06 570.65 Td (hold ) Tj ET Q q 0 0 0 rg BT 213.29 570.65 Td (or ) Tj ET Q q 0 0 0 rg BT 221.95 570.65 Td (issue ) Tj ET Q q 0 0 0 rg BT 239.95 570.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.93 570.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 309.27 570.65 Td (for ) Tj ET Q q 0 0 0 rg BT 320.59 570.65 Td (trading ) Tj ET Q q 0 0 0 rg BT 345.25 570.65 Td (purposes.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 555.05 Td (The ) Tj ET Q q 0 0 0 rg BT 64.44 555.05 Td (table ) Tj ET Q q 0 0 0 rg BT 81.98 555.05 Td (below ) Tj ET Q q 0 0 0 rg BT 103.54 555.05 Td (sets ) Tj ET Q q 0 0 0 rg BT 117.54 555.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 135.09 555.05 Td (our ) Tj ET Q q 0 0 0 rg BT 147.75 555.05 Td (market ) Tj ET Q q 0 0 0 rg BT 171.96 555.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 185.96 555.05 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 215.96 555.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 255.29 555.05 Td (as ) Tj ET Q q 0 0 0 rg BT 263.95 555.05 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.73 555.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 318.59 555.05 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.59 555.05 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.55 221.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 531.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 531.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 531.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 531.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 531.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 531.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 531.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.55 221.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 503.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 503.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 503.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 503.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 503.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 503.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 503.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 503.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 503.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 503.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 503.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 503.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.55 221.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 475.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 475.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 475.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 475.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 475.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 475.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 475.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 475.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 475.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 475.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 475.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 475.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 447.55 221.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 447.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 447.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 447.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 447.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 447.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 447.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 447.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 447.55 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 447.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 447.55 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 447.55 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 447.55 45.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 531.55 m 271.5 531.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 531.55 m 319.5 531.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 531.55 m 367.5 531.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 531.55 m 416.5 531.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 531.55 m 464.5 531.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 468.5 531.55 m 513.5 531.55 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 531.55 m 562.5 531.55 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 535.78 Td (Expected ) Tj ET Q q 0 0 0 rg BT 86.55 535.78 Td (Maturity ) Tj ET Q q 0 0 0 rg BT 119.65 535.78 Td (Dates) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.00 535.78 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.00 535.78 Td (2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.50 535.78 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.00 535.78 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.00 535.78 Td (2018) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.20 535.78 Td (Thereafter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 521.78 Td (T) Tj ET Q q 0 0 0 rg BT 57.97 521.78 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.49 521.78 Td (debt ) Tj ET Q q 0 0 0 rg BT 89.60 521.78 Td (in ) Tj ET Q q 0 0 0 rg BT 98.27 521.78 Td (Eur) Tj ET Q q 0 0 0 rg BT 111.54 521.78 Td (o ) Tj ET Q q 0 0 0 rg BT 117.46 521.78 Td (\(000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.00 521.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.00 521.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 521.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 521.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.00 521.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 507.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 73.22 507.80 Td (rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.30 507.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.25 507.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.25 507.80 Td (272,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.25 507.80 Td (240,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.30 507.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 507.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 493.80 Td (A) Tj ET Q q 0 0 0 rg BT 64.48 493.80 Td (verage ) Tj ET Q q 0 0 0 rg BT 87.50 493.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 113.05 493.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 127.04 493.80 Td (\(%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.30 493.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.25 493.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.25 493.80 Td (11.625) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 493.80 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.25 493.80 Td (9.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.30 493.80 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.30 493.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 493.80 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 465.78 Td (T) Tj ET Q q 0 0 0 rg BT 57.60 465.78 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.49 465.78 Td (debt ) Tj ET Q q 0 0 0 rg BT 89.60 465.78 Td (in ) Tj ET Q q 0 0 0 rg BT 98.27 465.78 Td (US$ ) Tj ET Q q 0 0 0 rg BT 114.50 465.78 Td (\(000's\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.00 465.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 465.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.00 465.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.00 465.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.00 465.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 451.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 73.22 451.80 Td (rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.30 451.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.25 451.80 Td (261,034) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.30 451.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.25 451.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.30 451.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 451.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 437.80 Td (A) Tj ET Q q 0 0 0 rg BT 64.18 437.80 Td (verage ) Tj ET Q q 0 0 0 rg BT 87.50 437.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 113.05 437.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 127.04 437.80 Td (\(%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.30 437.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.25 437.80 Td (5.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.30 437.80 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.30 437.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.25 437.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.30 437.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 437.80 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 418.45 Td (For) Tj ET Q q 0 0 0 rg BT 62.29 418.45 Td (eign ) Tj ET Q q 0 0 0 rg BT 78.52 418.45 Td (Curr) Tj ET Q q 0 0 0 rg BT 95.70 418.45 Td (ency ) Tj ET Q q 0 0 0 rg BT 113.25 418.45 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 148.59 418.45 Td (Risk ) Tj ET Q q 0 0 0 rg BT 166.15 418.45 Td (Management) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 402.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 402.85 Td (e ) Tj ET Q q 0 0 0 rg BT 62.61 402.85 Td (conduct ) Tj ET Q q 0 0 0 rg BT 90.09 402.85 Td (business ) Tj ET Q q 0 0 0 rg BT 119.36 402.85 Td (in ) Tj ET Q q 0 0 0 rg BT 127.73 402.85 Td (a ) Tj ET Q q 0 0 0 rg BT 133.43 402.85 Td (number ) Tj ET Q q 0 0 0 rg BT 160.02 402.85 Td (of ) Tj ET Q q 0 0 0 rg BT 168.84 402.85 Td (currencies ) Tj ET Q q 0 0 0 rg BT 203.86 402.85 Td (other ) Tj ET Q q 0 0 0 rg BT 222.45 402.85 Td (than ) Tj ET Q q 0 0 0 rg BT 238.38 402.85 Td (our ) Tj ET Q q 0 0 0 rg BT 251.19 402.85 Td (functional ) Tj ET Q q 0 0 0 rg BT 285.78 402.85 Td (currencies ) Tj ET Q q 0 0 0 rg BT 320.80 402.85 Td (and ) Tj ET Q q 0 0 0 rg BT 334.50 402.85 Td (our ) Tj ET Q q 0 0 0 rg BT 347.32 402.85 Td (Senior ) Tj ET Q q 0 0 0 rg BT 370.36 402.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 391.17 402.85 Td (are ) Tj ET Q q 0 0 0 rg BT 403.09 402.85 Td (denominated ) Tj ET Q q 0 0 0 rg BT 446.56 402.85 Td (in ) Tj ET Q q 0 0 0 rg BT 454.94 402.85 Td (Euros. ) Tj ET Q q 0 0 0 rg BT 477.28 402.85 Td (As ) Tj ET Q q 0 0 0 rg BT 488.32 402.85 Td (a ) Tj ET Q q 0 0 0 rg BT 494.02 402.85 Td (result, ) Tj ET Q q 0 0 0 rg BT 515.95 402.85 Td (we ) Tj ET Q q 0 0 0 rg BT 527.43 402.85 Td (are ) Tj ET Q q 0 0 0 rg BT 539.35 402.85 Td (subject ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 58.49 393.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 83.86 393.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 114.11 393.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 146.58 393.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 160.84 393.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 175.11 393.25 Td (due ) Tj ET Q q 0 0 0 rg BT 188.93 393.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.42 393.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.46 393.25 Td (ef) Tj ET Q q 0 0 0 rg BT 215.53 393.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 232.90 393.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.17 393.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 272.54 393.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 305.01 393.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 319.26 393.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 358.42 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.35 393.25 Td (these ) Tj ET Q q 0 0 0 rg BT 386.05 393.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 421.19 393.25 Td (have ) Tj ET Q q 0 0 0 rg BT 438.56 393.25 Td (on ) Tj ET Q q 0 0 0 rg BT 448.83 393.25 Td (our ) Tj ET Q q 0 0 0 rg BT 461.76 393.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 480.03 393.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.85 393.25 Td (on ) Tj ET Q q 0 0 0 rg BT 504.12 393.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.16 393.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 532.64 393.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 552.69 393.25 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 383.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 75.09 383.65 Td (from ) Tj ET Q q 0 0 0 rg BT 92.64 383.65 Td (our ) Tj ET Q q 0 0 0 rg BT 105.30 383.65 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 147.08 383.65 Td (In ) Tj ET Q q 0 0 0 rg BT 155.74 383.65 Td (limited ) Tj ET Q q 0 0 0 rg BT 180.41 383.65 Td (instances, ) Tj ET Q q 0 0 0 rg BT 213.73 383.65 Td (we ) Tj ET Q q 0 0 0 rg BT 225.06 383.65 Td (enter ) Tj ET Q q 0 0 0 rg BT 243.05 383.65 Td (into ) Tj ET Q q 0 0 0 rg BT 257.49 383.65 Td (forward ) Tj ET Q q 0 0 0 rg BT 284.81 383.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 309.91 383.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 342.12 383.65 Td (contracts ) Tj ET Q q 0 0 0 rg BT 372.99 383.65 Td (to ) Tj ET Q q 0 0 0 rg BT 381.21 383.65 Td (minimize ) Tj ET Q q 0 0 0 rg BT 413.43 383.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 438.53 383.65 Td (currency ) Tj ET Q q 0 0 0 rg BT 468.51 383.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 500.71 383.65 Td (rate ) Tj ET Q q 0 0 0 rg BT 514.70 383.65 Td (risk.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 368.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 368.05 Td (e ) Tj ET Q q 0 0 0 rg BT 62.24 368.05 Td (have ) Tj ET Q q 0 0 0 rg BT 79.11 368.05 Td (not ) Tj ET Q q 0 0 0 rg BT 91.11 368.05 Td (attempted ) Tj ET Q q 0 0 0 rg BT 124.43 368.05 Td (to ) Tj ET Q q 0 0 0 rg BT 132.42 368.05 Td (hedge ) Tj ET Q q 0 0 0 rg BT 153.30 368.05 Td (the ) Tj ET Q q 0 0 0 rg BT 164.85 368.05 Td (Senior ) Tj ET Q q 0 0 0 rg BT 187.51 368.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 207.95 368.05 Td (and ) Tj ET Q q 0 0 0 rg BT 221.27 368.05 Td (therefore ) Tj ET Q q 0 0 0 rg BT 251.91 368.05 Td (may ) Tj ET Q q 0 0 0 rg BT 267.46 368.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 296.78 368.05 Td (to ) Tj ET Q q 0 0 0 rg BT 304.78 368.05 Td (experience ) Tj ET Q q 0 0 0 rg BT 341.19 368.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.74 368.05 Td (gains ) Tj ET Q q 0 0 0 rg BT 395.40 368.05 Td (and ) Tj ET Q q 0 0 0 rg BT 408.72 368.05 Td (losses ) Tj ET Q q 0 0 0 rg BT 429.61 368.05 Td (on ) Tj ET Q q 0 0 0 rg BT 439.39 368.05 Td (the ) Tj ET Q q 0 0 0 rg BT 450.93 368.05 Td (translation ) Tj ET Q q 0 0 0 rg BT 486.48 368.05 Td (of ) Tj ET Q q 0 0 0 rg BT 494.92 368.05 Td (the ) Tj ET Q q 0 0 0 rg BT 506.46 368.05 Td (Senior ) Tj ET Q q 0 0 0 rg BT 529.13 368.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 549.56 368.05 Td (into ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 358.45 Td (dollars ) Tj ET Q q 0 0 0 rg BT 73.77 358.45 Td (due ) Tj ET Q q 0 0 0 rg BT 87.32 358.45 Td (to ) Tj ET Q q 0 0 0 rg BT 95.55 358.45 Td (movements ) Tj ET Q q 0 0 0 rg BT 134.43 358.45 Td (in ) Tj ET Q q 0 0 0 rg BT 142.65 358.45 Td (exchange ) Tj ET Q q 0 0 0 rg BT 174.86 358.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 191.96 358.45 Td (between ) Tj ET Q q 0 0 0 rg BT 220.61 358.45 Td (the ) Tj ET Q q 0 0 0 rg BT 232.38 358.45 Td (Euro ) Tj ET Q q 0 0 0 rg BT 249.93 358.45 Td (and ) Tj ET Q q 0 0 0 rg BT 263.48 358.45 Td (the ) Tj ET Q q 0 0 0 rg BT 275.26 358.45 Td (dollar) Tj ET Q q 0 0 0 rg BT 293.48 358.45 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 342.85 Td (Inter) Tj ET Q q 0 0 0 rg BT 67.18 342.85 Td (est ) Tj ET Q q 0 0 0 rg BT 78.51 342.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 96.50 342.85 Td (Risk ) Tj ET Q q 0 0 0 rg BT 114.07 342.85 Td (Management) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 327.25 Td (e ) Tj ET Q q 0 0 0 rg BT 63.20 327.25 Td (were ) Tj ET Q q 0 0 0 rg BT 81.48 327.25 Td (party ) Tj ET Q q 0 0 0 rg BT 100.66 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.62 327.25 Td (an ) Tj ET Q q 0 0 0 rg BT 119.91 327.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 146.19 327.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 160.92 327.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 180.10 327.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 216.15 327.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 246.43 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.39 327.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 279.45 327.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.85 327.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 324.47 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.43 327.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.71 327.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 374.44 327.25 Td (movements. ) Tj ET Q q 0 0 0 rg BT 415.86 327.25 Td (The ) Tj ET Q q 0 0 0 rg BT 431.04 327.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 457.33 327.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 472.05 327.25 Td (swap ) Tj ET Q q 0 0 0 rg BT 491.23 327.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 527.28 327.25 Td (expired ) Tj ET Q q 0 0 0 rg BT 554.01 327.25 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 317.65 Td (April15,2013 ) Tj ET Q q 0 0 0 rg BT 98.89 317.65 Td (\(see ) Tj ET Q q 0 0 0 rg BT 113.77 317.65 Td (Item ) Tj ET Q q 0 0 0 rg BT 130.43 317.65 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.43 317.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 155.98 317.65 Td (14, ) Tj ET Q q 0 0 0 rg BT 167.98 317.65 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 203.01 317.65 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 242.79 317.65 Td (and ) Tj ET Q q 0 0 0 rg BT 256.34 317.65 Td (Fair ) Tj ET Q q 0 0 0 rg BT 271.08 317.65 Td (V) Tj ET Q q 0 0 0 rg BT 275.97 317.65 Td (alue ) Tj ET Q q 0 0 0 rg BT 291.29 317.65 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.21 317.65 Td (\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (42) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 731.60 Td (8. ) Tj ET Q q 0 0 0 rg BT 86.00 731.60 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 130.89 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 132.89 731.60 Td (ST) Tj ET Q q 0 0 0 rg BT 142.09 731.60 Td (A) Tj ET Q q 0 0 0 rg BT 147.27 731.60 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 187.95 731.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 207.28 731.60 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 261.36 731.60 Td (AR) Tj ET Q q 0 0 0 rg BT 272.63 731.60 Td (Y) Tj ET Q q 0 0 0 rg BT 278.11 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.11 731.60 Td (DA) Tj ET Q q 0 0 0 rg BT 291.07 731.60 Td (T) Tj ET Q q 0 0 0 rg BT 295.82 731.60 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 716.00 Td (\(Financial ) Tj ET Q q 0 0 0 rg BT 84.43 716.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 121.54 716.00 Td (and ) Tj ET Q q 0 0 0 rg BT 135.09 716.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 185.52 716.00 Td (data ) Tj ET Q q 0 0 0 rg BT 200.85 716.00 Td (begin ) Tj ET Q q 0 0 0 rg BT 220.62 716.00 Td (on ) Tj ET Q q 0 0 0 rg BT 230.62 716.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.39 716.00 Td (following ) Tj ET Q q 0 0 0 rg BT 275.50 716.00 Td (page ) Tj ET Q q 0 0 0 rg BT 292.61 716.00 Td (and ) Tj ET Q q 0 0 0 rg BT 306.16 716.00 Td (end ) Tj ET Q q 0 0 0 rg BT 319.71 716.00 Td (on ) Tj ET Q q 0 0 0 rg BT 329.71 716.00 Td (the ) Tj ET Q q 0 0 0 rg BT 341.48 716.00 Td (page ) Tj ET Q q 0 0 0 rg BT 358.58 716.00 Td (immediately ) Tj ET Q q 0 0 0 rg BT 400.57 716.00 Td (preceding ) Tj ET Q q 0 0 0 rg BT 434.11 716.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 450.77 716.00 Td (9.\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 694.40 Td (REPOR) Tj ET Q q 0 0 0 rg BT 77.72 694.40 Td (T) Tj ET Q q 0 0 0 rg BT 82.91 694.40 Td ( ) Tj ET Q q 0 0 0 rg BT 84.91 694.40 Td (OF) Tj ET Q q 0 0 0 rg BT 95.72 694.40 Td ( ) Tj ET Q q 0 0 0 rg BT 97.72 694.40 Td (INDEPENDENT) Tj ET Q q 0 0 0 rg BT 155.81 694.40 Td ( ) Tj ET Q q 0 0 0 rg BT 157.81 694.40 Td (REGISTERED ) Tj ET Q q 0 0 0 rg BT 212.27 694.40 Td (PUBLIC ) Tj ET Q q 0 0 0 rg BT 244.05 694.40 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 301.61 694.40 Td (FIRM) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 678.80 Td (T) Tj ET Q q 0 0 0 rg BT 54.33 678.80 Td (o ) Tj ET Q q 0 0 0 rg BT 60.33 678.80 Td (the ) Tj ET Q q 0 0 0 rg BT 72.10 678.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 93.65 678.80 Td (of ) Tj ET Q q 0 0 0 rg BT 102.32 678.80 Td (Directors ) Tj ET Q q 0 0 0 rg BT 134.08 678.80 Td (and ) Tj ET Q q 0 0 0 rg BT 147.63 678.80 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 191.40 678.80 Td (of ) Tj ET Q q 0 0 0 rg BT 200.06 678.80 Td (Central ) Tj ET Q q 0 0 0 rg BT 225.61 678.80 Td (European ) Tj ET Q q 0 0 0 rg BT 258.26 678.80 Td (Media ) Tj ET Q q 0 0 0 rg BT 280.70 678.80 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 318.69 678.80 Td (Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 663.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 663.20 Td (e ) Tj ET Q q 0 0 0 rg BT 64.48 663.20 Td (have ) Tj ET Q q 0 0 0 rg BT 83.59 663.20 Td (audited ) Tj ET Q q 0 0 0 rg BT 111.15 663.20 Td (the ) Tj ET Q q 0 0 0 rg BT 124.94 663.20 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 175.60 663.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 220.05 663.20 Td (balance ) Tj ET Q q 0 0 0 rg BT 248.49 663.20 Td (sheets ) Tj ET Q q 0 0 0 rg BT 272.05 663.20 Td (of ) Tj ET Q q 0 0 0 rg BT 282.73 663.20 Td (Central ) Tj ET Q q 0 0 0 rg BT 310.29 663.20 Td (European ) Tj ET Q q 0 0 0 rg BT 344.96 663.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 369.41 663.20 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 409.41 663.20 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 426.54 663.20 Td (and ) Tj ET Q q 0 0 0 rg BT 442.10 663.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 483.89 663.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 500.34 663.20 Td ("Company"\) ) Tj ET Q q 0 0 0 rg BT 544.66 663.20 Td (as ) Tj ET Q q 0 0 0 rg BT 555.34 663.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 653.60 Td (December31,2013and2012, ) Tj ET Q q 0 0 0 rg BT 148.22 653.60 Td (and ) Tj ET Q q 0 0 0 rg BT 161.56 653.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.14 653.60 Td (related ) Tj ET Q q 0 0 0 rg BT 196.70 653.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 238.93 653.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 274.49 653.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.96 653.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.08 653.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.43 653.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 381.65 653.60 Td (income, ) Tj ET Q q 0 0 0 rg BT 409.00 653.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 430.79 653.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.14 653.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 460.15 653.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 479.73 653.60 Td (for ) Tj ET Q q 0 0 0 rg BT 490.85 653.60 Td (each ) Tj ET Q q 0 0 0 rg BT 507.30 653.60 Td (of ) Tj ET Q q 0 0 0 rg BT 515.76 653.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.33 653.60 Td (three ) Tj ET Q q 0 0 0 rg BT 545.12 653.60 Td (years ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 644.00 Td (in ) Tj ET Q q 0 0 0 rg BT 58.34 644.00 Td (the ) Tj ET Q q 0 0 0 rg BT 70.23 644.00 Td (period ) Tj ET Q q 0 0 0 rg BT 92.79 644.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.01 644.00 Td (December ) Tj ET Q q 0 0 0 rg BT 149.00 644.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 161.12 644.00 Td (2013. ) Tj ET Q q 0 0 0 rg BT 181.24 644.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 195.80 644.00 Td (audits ) Tj ET Q q 0 0 0 rg BT 217.03 644.00 Td (also ) Tj ET Q q 0 0 0 rg BT 232.03 644.00 Td (included ) Tj ET Q q 0 0 0 rg BT 261.70 644.00 Td (the ) Tj ET Q q 0 0 0 rg BT 273.59 644.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.69 644.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 336.47 644.00 Td (schedule ) Tj ET Q q 0 0 0 rg BT 366.58 644.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 386.03 644.00 Td (in ) Tj ET Q q 0 0 0 rg BT 394.37 644.00 Td (the ) Tj ET Q q 0 0 0 rg BT 406.26 644.00 Td (Index ) Tj ET Q q 0 0 0 rg BT 426.60 644.00 Td (at ) Tj ET Q q 0 0 0 rg BT 434.49 644.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 451.27 644.00 Td (15. ) Tj ET Q q 0 0 0 rg BT 463.23 644.00 Td (These ) Tj ET Q q 0 0 0 rg BT 484.45 644.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.56 644.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 550.45 644.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 634.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.72 634.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.66 634.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 124.27 634.40 Td (schedule ) Tj ET Q q 0 0 0 rg BT 154.21 634.40 Td (are ) Tj ET Q q 0 0 0 rg BT 165.92 634.40 Td (the ) Tj ET Q q 0 0 0 rg BT 177.65 634.40 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 223.15 634.40 Td (of ) Tj ET Q q 0 0 0 rg BT 231.77 634.40 Td (the ) Tj ET Q q 0 0 0 rg BT 243.49 634.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 281.11 634.40 Td (management. ) Tj ET Q q 0 0 0 rg BT 325.93 634.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 340.32 634.40 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 385.83 634.40 Td (is ) Tj ET Q q 0 0 0 rg BT 393.12 634.40 Td (to ) Tj ET Q q 0 0 0 rg BT 401.29 634.40 Td (express ) Tj ET Q q 0 0 0 rg BT 427.23 634.40 Td (an ) Tj ET Q q 0 0 0 rg BT 436.74 634.40 Td (opinion ) Tj ET Q q 0 0 0 rg BT 463.13 634.40 Td (on ) Tj ET Q q 0 0 0 rg BT 473.08 634.40 Td (the ) Tj ET Q q 0 0 0 rg BT 484.81 634.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.74 634.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 550.46 634.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 624.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 624.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.76 624.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 124.41 624.80 Td (schedule ) Tj ET Q q 0 0 0 rg BT 154.40 624.80 Td (based ) Tj ET Q q 0 0 0 rg BT 174.62 624.80 Td (on ) Tj ET Q q 0 0 0 rg BT 184.62 624.80 Td (our ) Tj ET Q q 0 0 0 rg BT 197.28 624.80 Td (audits.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 609.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 609.20 Td (e ) Tj ET Q q 0 0 0 rg BT 62.49 609.20 Td (conducted ) Tj ET Q q 0 0 0 rg BT 97.40 609.20 Td (our ) Tj ET Q q 0 0 0 rg BT 110.10 609.20 Td (audits ) Tj ET Q q 0 0 0 rg BT 131.24 609.20 Td (in ) Tj ET Q q 0 0 0 rg BT 139.49 609.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 177.49 609.20 Td (with ) Tj ET Q q 0 0 0 rg BT 193.75 609.20 Td (the ) Tj ET Q q 0 0 0 rg BT 205.55 609.20 Td (standards ) Tj ET Q q 0 0 0 rg BT 237.80 609.20 Td (of ) Tj ET Q q 0 0 0 rg BT 246.50 609.20 Td (the ) Tj ET Q q 0 0 0 rg BT 258.30 609.20 Td (Public ) Tj ET Q q 0 0 0 rg BT 280.78 609.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.47 609.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 352.83 609.20 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 386.41 609.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 408.00 609.20 Td (\(United ) Tj ET Q q 0 0 0 rg BT 434.47 609.20 Td (States\). ) Tj ET Q q 0 0 0 rg BT 460.13 609.20 Td (Those ) Tj ET Q q 0 0 0 rg BT 481.71 609.20 Td (standards ) Tj ET Q q 0 0 0 rg BT 513.96 609.20 Td (require ) Tj ET Q q 0 0 0 rg BT 538.64 609.20 Td (that ) Tj ET Q q 0 0 0 rg BT 552.67 609.20 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 599.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 65.66 599.60 Td (and ) Tj ET Q q 0 0 0 rg BT 79.10 599.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 106.75 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.41 599.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 136.29 599.60 Td (to ) Tj ET Q q 0 0 0 rg BT 144.40 599.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 166.28 599.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 202.37 599.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 235.35 599.60 Td (about ) Tj ET Q q 0 0 0 rg BT 255.01 599.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 282.66 599.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.32 599.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.19 599.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 359.84 599.60 Td (are ) Tj ET Q q 0 0 0 rg BT 371.49 599.60 Td (free ) Tj ET Q q 0 0 0 rg BT 385.81 599.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.36 599.60 Td (material ) Tj ET Q q 0 0 0 rg BT 422.45 599.60 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 468.14 599.60 Td (An ) Tj ET Q q 0 0 0 rg BT 479.80 599.60 Td (audit ) Tj ET Q q 0 0 0 rg BT 497.68 599.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 526.23 599.60 Td (examining, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 590.00 Td (on ) Tj ET Q q 0 0 0 rg BT 60.07 590.00 Td (a ) Tj ET Q q 0 0 0 rg BT 65.70 590.00 Td (test ) Tj ET Q q 0 0 0 rg BT 78.88 590.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 98.95 590.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 129.45 590.00 Td (supporting ) Tj ET Q q 0 0 0 rg BT 165.75 590.00 Td (the ) Tj ET Q q 0 0 0 rg BT 177.59 590.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 206.78 590.00 Td (and ) Tj ET Q q 0 0 0 rg BT 220.40 590.00 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 258.03 590.00 Td (in ) Tj ET Q q 0 0 0 rg BT 266.32 590.00 Td (the ) Tj ET Q q 0 0 0 rg BT 278.17 590.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.23 590.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 345.61 590.00 Td (An ) Tj ET Q q 0 0 0 rg BT 357.46 590.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 375.53 590.00 Td (also ) Tj ET Q q 0 0 0 rg BT 390.49 590.00 Td (includes ) Tj ET Q q 0 0 0 rg BT 419.22 590.00 Td (assessing ) Tj ET Q q 0 0 0 rg BT 451.07 590.00 Td (the ) Tj ET Q q 0 0 0 rg BT 462.92 590.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 500.09 590.00 Td (principles ) Tj ET Q q 0 0 0 rg BT 533.71 590.00 Td (used ) Tj ET Q q 0 0 0 rg BT 550.45 590.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 580.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 86.19 580.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 118.38 580.40 Td (made ) Tj ET Q q 0 0 0 rg BT 138.12 580.40 Td (by ) Tj ET Q q 0 0 0 rg BT 148.54 580.40 Td (management, ) Tj ET Q q 0 0 0 rg BT 193.82 580.40 Td (as ) Tj ET Q q 0 0 0 rg BT 202.91 580.40 Td (well ) Tj ET Q q 0 0 0 rg BT 219.10 580.40 Td (as ) Tj ET Q q 0 0 0 rg BT 228.18 580.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 263.92 580.40 Td (the ) Tj ET Q q 0 0 0 rg BT 276.11 580.40 Td (overall ) Tj ET Q q 0 0 0 rg BT 300.74 580.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.14 580.40 Td (statement ) Tj ET Q q 0 0 0 rg BT 364.21 580.40 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 407.56 580.40 Td (W) Tj ET Q q 0 0 0 rg BT 414.47 580.40 Td (e ) Tj ET Q q 0 0 0 rg BT 420.43 580.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 445.95 580.40 Td (that ) Tj ET Q q 0 0 0 rg BT 460.36 580.40 Td (our ) Tj ET Q q 0 0 0 rg BT 473.45 580.40 Td (audits ) Tj ET Q q 0 0 0 rg BT 494.97 580.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 521.83 580.40 Td (a ) Tj ET Q q 0 0 0 rg BT 527.80 580.40 Td (reasonable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 570.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 68.00 570.80 Td (for ) Tj ET Q q 0 0 0 rg BT 79.33 570.80 Td (our ) Tj ET Q q 0 0 0 rg BT 91.99 570.80 Td (opinion.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 555.20 Td (In ) Tj ET Q q 0 0 0 rg BT 58.92 555.20 Td (our ) Tj ET Q q 0 0 0 rg BT 71.84 555.20 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 100.54 555.20 Td (such ) Tj ET Q q 0 0 0 rg BT 117.46 555.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.15 555.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 190.38 555.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.41 555.20 Td (present ) Tj ET Q q 0 0 0 rg BT 251.77 555.20 Td (fairly) Tj ET Q q 0 0 0 rg BT 268.57 555.20 Td (, ) Tj ET Q q 0 0 0 rg BT 272.83 555.20 Td (in ) Tj ET Q q 0 0 0 rg BT 281.30 555.20 Td (all ) Tj ET Q q 0 0 0 rg BT 291.55 555.20 Td (material ) Tj ET Q q 0 0 0 rg BT 320.02 555.20 Td (respects, ) Tj ET Q q 0 0 0 rg BT 350.04 555.20 Td (the ) Tj ET Q q 0 0 0 rg BT 362.06 555.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 392.30 555.20 Td (position ) Tj ET Q q 0 0 0 rg BT 420.34 555.20 Td (of ) Tj ET Q q 0 0 0 rg BT 429.26 555.20 Td (Central ) Tj ET Q q 0 0 0 rg BT 455.06 555.20 Td (European ) Tj ET Q q 0 0 0 rg BT 487.97 555.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 510.66 555.20 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 548.90 555.20 Td (Ltd. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 545.60 Td (and ) Tj ET Q q 0 0 0 rg BT 64.39 545.60 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 105.01 545.60 Td (as ) Tj ET Q q 0 0 0 rg BT 114.51 545.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.02 545.60 Td (December ) Tj ET Q q 0 0 0 rg BT 159.73 545.60 Td (31,2013and2012, ) Tj ET Q q 0 0 0 rg BT 224.12 545.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.51 545.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.13 545.60 Td (results ) Tj ET Q q 0 0 0 rg BT 274.86 545.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.36 545.60 Td (their ) Tj ET Q q 0 0 0 rg BT 301.87 545.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 338.03 545.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.42 545.60 Td (their ) Tj ET Q q 0 0 0 rg BT 369.93 545.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 386.98 545.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 407.60 545.60 Td (for ) Tj ET Q q 0 0 0 rg BT 419.77 545.60 Td (each ) Tj ET Q q 0 0 0 rg BT 437.27 545.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.77 545.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.39 545.60 Td (three ) Tj ET Q q 0 0 0 rg BT 478.22 545.60 Td (years ) Tj ET Q q 0 0 0 rg BT 497.94 545.60 Td (in ) Tj ET Q q 0 0 0 rg BT 507.00 545.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.62 545.60 Td (period ) Tj ET Q q 0 0 0 rg BT 542.90 545.60 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 536.00 Td (December31,2013, ) Tj ET Q q 0 0 0 rg BT 117.16 536.00 Td (in ) Tj ET Q q 0 0 0 rg BT 125.67 536.00 Td (conformity ) Tj ET Q q 0 0 0 rg BT 163.51 536.00 Td (with ) Tj ET Q q 0 0 0 rg BT 180.03 536.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 217.42 536.00 Td (principles ) Tj ET Q q 0 0 0 rg BT 251.26 536.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 283.31 536.00 Td (accepted ) Tj ET Q q 0 0 0 rg BT 313.58 536.00 Td (in ) Tj ET Q q 0 0 0 rg BT 322.09 536.00 Td (the ) Tj ET Q q 0 0 0 rg BT 334.16 536.00 Td (United ) Tj ET Q q 0 0 0 rg BT 358.22 536.00 Td (States ) Tj ET Q q 0 0 0 rg BT 379.63 536.00 Td (of ) Tj ET Q q 0 0 0 rg BT 388.08 536.00 Td (America. ) Tj ET Q q 0 0 0 rg BT 419.40 536.00 Td (Also, ) Tj ET Q q 0 0 0 rg BT 438.81 536.00 Td (in ) Tj ET Q q 0 0 0 rg BT 447.32 536.00 Td (our ) Tj ET Q q 0 0 0 rg BT 460.28 536.00 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 489.01 536.00 Td (the ) Tj ET Q q 0 0 0 rg BT 501.08 536.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 531.36 536.00 Td (statement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 526.40 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 81.99 526.40 Td (when ) Tj ET Q q 0 0 0 rg BT 101.32 526.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 137.97 526.40 Td (in ) Tj ET Q q 0 0 0 rg BT 146.20 526.40 Td (relation ) Tj ET Q q 0 0 0 rg BT 172.63 526.40 Td (to ) Tj ET Q q 0 0 0 rg BT 180.85 526.40 Td (the ) Tj ET Q q 0 0 0 rg BT 192.63 526.40 Td (basic ) Tj ET Q q 0 0 0 rg BT 211.07 526.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 253.50 526.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.49 526.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 319.26 526.40 Td (taken ) Tj ET Q q 0 0 0 rg BT 338.58 526.40 Td (as ) Tj ET Q q 0 0 0 rg BT 347.25 526.40 Td (a ) Tj ET Q q 0 0 0 rg BT 352.80 526.40 Td (whole, ) Tj ET Q q 0 0 0 rg BT 376.35 526.40 Td (presents ) Tj ET Q q 0 0 0 rg BT 404.57 526.40 Td (fairly) Tj ET Q q 0 0 0 rg BT 421.37 526.40 Td (, ) Tj ET Q q 0 0 0 rg BT 425.37 526.40 Td (in ) Tj ET Q q 0 0 0 rg BT 433.60 526.40 Td (all ) Tj ET Q q 0 0 0 rg BT 443.59 526.40 Td (material ) Tj ET Q q 0 0 0 rg BT 471.80 526.40 Td (respects, ) Tj ET Q q 0 0 0 rg BT 501.57 526.40 Td (the ) Tj ET Q q 0 0 0 rg BT 513.34 526.40 Td (information ) Tj ET Q q 0 0 0 rg BT 553.11 526.40 Td (set ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 516.80 Td (forth ) Tj ET Q q 0 0 0 rg BT 67.55 516.80 Td (therein.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.32 501.20 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 112.85 501.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.72 501.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 178.37 501.20 Td (for ) Tj ET Q q 0 0 0 rg BT 189.58 501.20 Td (the ) Tj ET Q q 0 0 0 rg BT 201.24 501.20 Td (year ) Tj ET Q q 0 0 0 rg BT 216.89 501.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 237.87 501.20 Td (December ) Tj ET Q q 0 0 0 rg BT 272.62 501.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 284.50 501.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 302.39 501.20 Td (have ) Tj ET Q q 0 0 0 rg BT 319.37 501.20 Td (been ) Tj ET Q q 0 0 0 rg BT 336.36 501.20 Td (prepared ) Tj ET Q q 0 0 0 rg BT 366.22 501.20 Td (assuming ) Tj ET Q q 0 0 0 rg BT 398.32 501.20 Td (that ) Tj ET Q q 0 0 0 rg BT 412.20 501.20 Td (the ) Tj ET Q q 0 0 0 rg BT 423.86 501.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 456.85 501.20 Td (will ) Tj ET Q q 0 0 0 rg BT 471.18 501.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 500.61 501.20 Td (as ) Tj ET Q q 0 0 0 rg BT 509.16 501.20 Td (a ) Tj ET Q q 0 0 0 rg BT 514.59 501.20 Td (going ) Tj ET Q q 0 0 0 rg BT 534.70 501.20 Td (concern. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 491.60 Td (As ) Tj ET Q q 0 0 0 rg BT 60.62 491.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 93.01 491.60 Td (in ) Tj ET Q q 0 0 0 rg BT 100.96 491.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 118.24 491.60 Td (2 ) Tj ET Q q 0 0 0 rg BT 123.97 491.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.24 491.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 154.52 491.60 Td (25 ) Tj ET Q q 0 0 0 rg BT 164.25 491.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.20 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.70 491.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 225.86 491.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 255.57 491.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 293.07 491.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.57 491.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.41 491.60 Td (has ) Tj ET Q q 0 0 0 rg BT 349.80 491.60 Td (suf) Tj ET Q q 0 0 0 rg BT 359.43 491.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 377.59 491.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.87 491.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 418.37 491.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 443.19 491.60 Td (in ) Tj ET Q q 0 0 0 rg BT 451.14 491.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 481.30 491.60 Td (and ) Tj ET Q q 0 0 0 rg BT 494.58 491.60 Td (recurring ) Tj ET Q q 0 0 0 rg BT 525.62 491.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 546.46 491.60 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 482.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 87.65 482.00 Td (is ) Tj ET Q q 0 0 0 rg BT 95.32 482.00 Td (required ) Tj ET Q q 0 0 0 rg BT 124.30 482.00 Td (to ) Tj ET Q q 0 0 0 rg BT 132.86 482.00 Td (fund ) Tj ET Q q 0 0 0 rg BT 149.85 482.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 173.94 482.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 190.04 482.00 Td (service ) Tj ET Q q 0 0 0 rg BT 215.03 482.00 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 254.91 482.00 Td (and ) Tj ET Q q 0 0 0 rg BT 268.79 482.00 Td (does ) Tj ET Q q 0 0 0 rg BT 285.79 482.00 Td (not ) Tj ET Q q 0 0 0 rg BT 298.34 482.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 321.54 482.00 Td (that ) Tj ET Q q 0 0 0 rg BT 335.87 482.00 Td (it ) Tj ET Q q 0 0 0 rg BT 342.65 482.00 Td (will ) Tj ET Q q 0 0 0 rg BT 357.42 482.00 Td (be ) Tj ET Q q 0 0 0 rg BT 367.30 482.00 Td (able ) Tj ET Q q 0 0 0 rg BT 382.96 482.00 Td (to ) Tj ET Q q 0 0 0 rg BT 391.51 482.00 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 414.73 482.00 Td (these ) Tj ET Q q 0 0 0 rg BT 433.49 482.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 471.38 482.00 Td (as ) Tj ET Q q 0 0 0 rg BT 480.37 482.00 Td (they ) Tj ET Q q 0 0 0 rg BT 496.48 482.00 Td (become ) Tj ET Q q 0 0 0 rg BT 523.68 482.00 Td (due ) Tj ET Q q 0 0 0 rg BT 537.56 482.00 Td (without ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 472.40 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 81.67 472.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 116.89 472.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 150.34 472.40 Td (sources ) Tj ET Q q 0 0 0 rg BT 175.79 472.40 Td (of ) Tj ET Q q 0 0 0 rg BT 183.90 472.40 Td (liquidity) Tj ET Q q 0 0 0 rg BT 210.50 472.40 Td (. ) Tj ET Q q 0 0 0 rg BT 213.84 472.40 Td (This ) Tj ET Q q 0 0 0 rg BT 229.52 472.40 Td (matter ) Tj ET Q q 0 0 0 rg BT 251.41 472.40 Td (raises ) Tj ET Q q 0 0 0 rg BT 271.07 472.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 306.75 472.40 Td (doubt ) Tj ET Q q 0 0 0 rg BT 326.42 472.40 Td (about ) Tj ET Q q 0 0 0 rg BT 345.65 472.40 Td (the ) Tj ET Q q 0 0 0 rg BT 356.88 472.40 Td (Company) Tj ET Q q 0 0 0 rg BT 390.21 472.40 Td (s ) Tj ET Q q 0 0 0 rg BT 394.77 472.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 416.67 472.40 Td (to ) Tj ET Q q 0 0 0 rg BT 424.34 472.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 453.34 472.40 Td (as ) Tj ET Q q 0 0 0 rg BT 461.46 472.40 Td (a ) Tj ET Q q 0 0 0 rg BT 466.47 472.40 Td (going ) Tj ET Q q 0 0 0 rg BT 486.14 472.40 Td (concern. ) Tj ET Q q 0 0 0 rg BT 514.91 472.40 Td (Management) Tj ET Q q 0 0 0 rg BT 558.90 472.40 Td (s ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 462.80 Td (plans ) Tj ET Q q 0 0 0 rg BT 68.57 462.80 Td (in ) Tj ET Q q 0 0 0 rg BT 76.48 462.80 Td (regard ) Tj ET Q q 0 0 0 rg BT 98.59 462.80 Td (to ) Tj ET Q q 0 0 0 rg BT 106.50 462.80 Td (this ) Tj ET Q q 0 0 0 rg BT 119.74 462.80 Td (matter ) Tj ET Q q 0 0 0 rg BT 141.86 462.80 Td (are ) Tj ET Q q 0 0 0 rg BT 153.30 462.80 Td (also ) Tj ET Q q 0 0 0 rg BT 167.88 462.80 Td (discussed ) Tj ET Q q 0 0 0 rg BT 200.22 462.80 Td (in ) Tj ET Q q 0 0 0 rg BT 208.13 462.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 225.36 462.80 Td (2 ) Tj ET Q q 0 0 0 rg BT 231.05 462.80 Td (and ) Tj ET Q q 0 0 0 rg BT 244.28 462.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 261.52 462.80 Td (25. ) Tj ET Q q 0 0 0 rg BT 273.08 462.80 Td (The ) Tj ET Q q 0 0 0 rg BT 287.20 462.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.87 462.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 352.32 462.80 Td (do ) Tj ET Q q 0 0 0 rg BT 362.00 462.80 Td (not ) Tj ET Q q 0 0 0 rg BT 373.91 462.80 Td (include ) Tj ET Q q 0 0 0 rg BT 399.14 462.80 Td (any ) Tj ET Q q 0 0 0 rg BT 412.37 462.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 452.28 462.80 Td (that ) Tj ET Q q 0 0 0 rg BT 465.96 462.80 Td (might ) Tj ET Q q 0 0 0 rg BT 486.31 462.80 Td (result ) Tj ET Q q 0 0 0 rg BT 505.77 462.80 Td (from ) Tj ET Q q 0 0 0 rg BT 523.00 462.80 Td (the ) Tj ET Q q 0 0 0 rg BT 534.46 462.80 Td (outcome ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 453.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 453.20 Td (this ) Tj ET Q q 0 0 0 rg BT 72.22 453.20 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 107.69 453.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 437.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 437.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.31 437.60 Td (have ) Tj ET Q q 0 0 0 rg BT 79.26 437.60 Td (also ) Tj ET Q q 0 0 0 rg BT 93.99 437.60 Td (audited, ) Tj ET Q q 0 0 0 rg BT 121.39 437.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.46 437.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 167.27 437.60 Td (with ) Tj ET Q q 0 0 0 rg BT 183.34 437.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.96 437.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 227.03 437.60 Td (of ) Tj ET Q q 0 0 0 rg BT 235.54 437.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.16 437.60 Td (Public ) Tj ET Q q 0 0 0 rg BT 269.45 437.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.00 437.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 341.17 437.60 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 374.57 437.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 395.97 437.60 Td (\(United ) Tj ET Q q 0 0 0 rg BT 422.26 437.60 Td (States\), ) Tj ET Q q 0 0 0 rg BT 447.88 437.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.50 437.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 497.01 437.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 523.29 437.60 Td (control ) Tj ET Q q 0 0 0 rg BT 547.80 437.60 Td (over ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 428.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 80.71 428.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 112.76 428.00 Td (as ) Tj ET Q q 0 0 0 rg BT 122.16 428.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.55 428.00 Td (December ) Tj ET Q q 0 0 0 rg BT 167.14 428.00 Td (31,2013, ) Tj ET Q q 0 0 0 rg BT 199.87 428.00 Td (based ) Tj ET Q q 0 0 0 rg BT 220.81 428.00 Td (on ) Tj ET Q q 0 0 0 rg BT 231.54 428.00 Td (the ) Tj ET Q q 0 0 0 rg BT 244.04 428.00 Td (criteria ) Tj ET Q q 0 0 0 rg BT 269.42 428.00 Td (established ) Tj ET Q q 0 0 0 rg BT 307.69 428.00 Td (in) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 315.91 428.00 Td (Internal ) Tj ET Q q 0 0 0 rg BT 344.41 428.00 Td (Contr) Tj ET Q q 0 0 0 rg BT 362.79 428.00 Td (ol-Integrated ) Tj ET Q q 0 0 0 rg BT 407.73 428.00 Td (Framework\(1992\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.11 428.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.84 428.00 Td (by ) Tj ET Q q 0 0 0 rg BT 504.57 428.00 Td (the ) Tj ET Q q 0 0 0 rg BT 517.07 428.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.35 428.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 418.40 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 89.06 418.40 Td (Or) Tj ET Q q 0 0 0 rg BT 97.36 418.40 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 136.41 418.40 Td (of ) Tj ET Q q 0 0 0 rg BT 145.69 418.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.89 418.40 Td (T) Tj ET Q q 0 0 0 rg BT 162.49 418.40 Td (readway ) Tj ET Q q 0 0 0 rg BT 192.20 418.40 Td (Commission ) Tj ET Q q 0 0 0 rg BT 235.27 418.40 Td (and ) Tj ET Q q 0 0 0 rg BT 249.43 418.40 Td (our ) Tj ET Q q 0 0 0 rg BT 262.71 418.40 Td (report ) Tj ET Q q 0 0 0 rg BT 284.43 418.40 Td (dated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 303.75 418.40 Td (February28, ) Tj ET Q q 0 0 0 rg BT 347.24 418.40 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.24 418.40 Td ( ) Tj ET Q q 0 0 0 rg BT 365.86 418.40 Td (expressed ) Tj ET Q q 0 0 0 rg BT 400.01 418.40 Td (an ) Tj ET Q q 0 0 0 rg BT 410.18 418.40 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 449.23 418.40 Td (opinion ) Tj ET Q q 0 0 0 rg BT 476.29 418.40 Td (on ) Tj ET Q q 0 0 0 rg BT 486.90 418.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.29 418.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 537.57 418.40 Td (internal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 408.80 Td (control ) Tj ET Q q 0 0 0 rg BT 74.66 408.80 Td (over ) Tj ET Q q 0 0 0 rg BT 90.88 408.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.86 408.80 Td (reporting.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 393.20 Td (DELOITTE ) Tj ET Q q 0 0 0 rg BT 90.65 393.20 Td (LLP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 377.60 Td (London, ) Tj ET Q q 0 0 0 rg BT 78.89 377.60 Td (United ) Tj ET Q q 0 0 0 rg BT 102.66 377.60 Td (Kingdom) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 362.00 Td (February28, 2014) Tj ET Q BT /F2 8.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (43) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 687.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 687.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 687.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 687.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 661.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 661.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 661.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 661.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 635.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 635.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 635.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 635.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 609.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 609.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 609.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 609.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 583.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 583.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 583.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 583.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 557.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 557.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 557.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 557.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 531.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 531.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 531.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 531.50 89.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 380 713.5 m 469 713.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 473 713.5 m 562 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 635.5 m 469 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 635.5 m 562 635.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 544.5 m 469 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 544.5 m 562 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 531.5 m 469 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 519.5 m 469 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 517.5 m 469 517.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 531.5 m 562 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 519.5 m 562 519.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 517.5 m 562 517.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 717.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.00 717.73 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.00 717.73 Td (December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 704.73 Td (ASSETS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 691.73 Td (Current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 678.75 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 678.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 678.75 Td (104,996) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 678.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 678.75 Td (140,393) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 665.75 Td (Accounts receivable, net \(Note 7\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 665.75 Td (184,577) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 665.75 Td (184,494) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 652.75 Td (Program rights, net \(Note 6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 652.75 Td (109,238) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 652.75 Td (120,023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 639.75 Td (Other current assets \(Note 8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 639.75 Td (52,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 639.75 Td (73,641) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 626.73 Td (Total current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.80 626.73 Td (451,057) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 626.73 Td (518,551) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 613.73 Td (Non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 600.75 Td (Property, plant and equipment, net \(Note 9\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 600.75 Td (198,595) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 600.75 Td (206,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 587.75 Td (Program rights, net \(Note 6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 587.75 Td (289,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 587.75 Td (303,708) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 574.75 Td (Goodwill \(Note 4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 574.75 Td (782,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 574.75 Td (836,538) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 561.75 Td (Broadcast licenses and other intangible assets, net \(Note 4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 561.75 Td (225,795) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 561.75 Td (284,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 548.75 Td (Other non-current assets \(Note 8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 548.75 Td (13,855) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 548.75 Td (24,271) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 535.73 Td (Total non-current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.80 535.73 Td (1,510,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 535.73 Td (1,656,164) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 522.73 Td (Total assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.50 522.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.80 522.73 Td (1,961,873) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.50 522.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 522.73 Td (2,174,715) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 482.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 482.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 482.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 482.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 456.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 456.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 456.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 456.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 430.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 430.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 430.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 430.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 404.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 404.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 404.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 404.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 378.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 378.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 378.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 378.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 352.50 330.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 352.50 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 352.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 352.50 89.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 318.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 318.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 318.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 318.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 284.50 330.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 284.50 89.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 284.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 284.50 89.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 253.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 253.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 253.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 253.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 227.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 227.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 227.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 227.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 201.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 201.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 201.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 201.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.50 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.00 175.50 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 175.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.00 175.50 89.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 443.5 m 469 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 443.5 m 562 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 391.5 m 469 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 391.5 m 562 391.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 214.5 m 469 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 214.5 m 562 214.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 188.5 m 469 188.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 188.5 m 562 188.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 175.5 m 469 175.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 163.5 m 469 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380 161.5 m 469 161.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 175.5 m 562 175.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 163.5 m 562 163.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 161.5 m 562 161.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 499.73 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 499.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 499.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 486.73 Td (Current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 486.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 486.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 473.75 Td (Accounts payable and accrued liabilities \(Note 10\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 473.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 473.75 Td (296,406) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.50 473.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 473.75 Td (255,681) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 460.75 Td (Current portion of long-term debt and other financing arrangements \(Note 5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.80 460.75 Td (2,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 460.75 Td (21,918) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 447.75 Td (Other current liabilities \(Note 11\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 447.75 Td (17,181) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 447.75 Td (13,765) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 434.73 Td (Total current liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.80 434.73 Td (316,010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 434.73 Td (291,364) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 421.73 Td (Non-current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 421.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 421.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 408.75 Td (Long-term debt and other financing arrangements \(Note 5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 408.75 Td (963,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 408.75 Td (1,198,873) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 395.75 Td (Other non-current liabilities \(Note 11\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 395.75 Td (33,947) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 395.75 Td (53,211) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 382.73 Td (Total non-current liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.80 382.73 Td (996,972) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 382.73 Td (1,252,084) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 369.75 Td (Commitments and contingencies \(Note 21\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 356.73 Td (Temporary equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 343.75 Td (200,000 shares of Series B Convertible Redeemable Preferred Stock of US$ 0.08 each ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 335.75 Td (\(December 31, 2012 - nil\) \(Note 12\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 335.75 Td (207,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 335.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 322.73 Td (EQUITY) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 322.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 322.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 309.75 Td (CME Ltd. shareholders equity \(Note 13\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 309.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 309.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 296.75 Td (One share of Series A Convertible Preferred Stock of US$ 0.08 each \(December 31, 2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 288.75 Td (one\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 288.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 288.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 276.45 Td (134,837,442 shares of Class A Common Stock of US$ 0.08 each \(December 31, 2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 268.50 Td (77,185,129\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.80 270.75 Td (10,787) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 270.75 Td (6,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 257.75 Td (Nil shares of Class B Common Stock of US$ 0.08 each \(December 31, 2012 nil\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 257.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 257.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 244.75 Td (Additional paid-in capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.80 244.75 Td (1,704,066) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 244.75 Td (1,556,250) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 231.75 Td (Accumulated deficit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 231.75 Td (\(1,262,916) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 231.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 231.75 Td (\(982,513) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 231.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 218.75 Td (Accumulated other comprehensive \(loss\) / income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.10 218.75 Td (\(11,829) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 218.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 218.75 Td (46,150) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 205.75 Td (Total CME Ltd. shareholders equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 205.75 Td (440,108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 205.75 Td (626,061) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 192.75 Td (Noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.80 192.75 Td (893) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 192.75 Td (5,206) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 179.73 Td (Total equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.80 179.73 Td (441,001) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 179.73 Td (631,267) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 166.73 Td (Total liabilities and equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.50 166.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.80 166.73 Td (1,961,873) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.50 166.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 166.73 Td (2,174,715) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 164.80 147.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 147.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.70 754.10 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 284.56 754.10 Td (TED BALANCE SHEETS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.35 744.50 Td (\(US$ 000) Tj ET Q q 0 0 0 rg BT 263.61 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 309.46 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 341.31 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 358.28 744.50 Td (e data\)) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (44) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 702.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 702.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 702.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 702.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 702.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 702.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 676.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 676.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 676.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 676.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 676.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 676.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 650.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 650.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 650.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 650.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 650.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 650.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 624.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 624.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 624.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 624.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 624.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 624.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 598.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 598.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 598.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 598.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 598.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 598.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 572.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 572.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 572.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 572.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 572.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 572.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 546.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 546.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 546.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 546.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 546.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 546.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 520.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 520.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 520.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 520.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 520.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 494.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 494.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 494.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 494.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 494.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 494.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 468.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 468.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 468.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 468.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 468.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 468.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 442.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 442.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 442.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 442.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 442.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 416.50 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 416.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 416.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 416.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 416.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 416.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 389.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 389.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 389.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 389.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 363.50 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 363.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 363.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 363.50 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 363.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 363.50 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 715.5 m 434 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 715.5 m 438 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 715.5 m 498 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 715.5 m 502 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 715.5 m 562 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 702.5 m 434 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 702.5 m 498 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 715.5 m 562 715.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 702.5 m 562 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 702.5 m 434 702.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 702.5 m 562 702.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 624.5 m 434 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 624.5 m 498 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 624.5 m 562 624.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 572.5 m 434 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 572.5 m 498 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 572.5 m 562 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 481.5 m 434 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 481.5 m 498 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 481.5 m 562 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 455.5 m 434 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 455.5 m 498 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 455.5 m 562 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 429.5 m 434 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 417.5 m 434 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 415.5 m 434 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 429.5 m 498 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 417.5 m 498 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 415.5 m 498 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 429.5 m 562 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 417.5 m 562 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 415.5 m 562 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 376.5 m 434 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 376.5 m 498 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 376.5 m 562 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 350.5 m 434 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 338.5 m 434 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 336.5 m 434 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 350.5 m 498 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 338.5 m 498 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 336.5 m 498 336.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 350.5 m 562 350.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 338.5 m 562 338.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 336.5 m 562 336.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.25 719.73 Td (For The Year Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 706.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.50 706.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.50 706.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.90 706.73 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 693.73 Td (Net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.50 693.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.80 693.73 Td (691,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 693.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 693.73 Td (772,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 693.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 693.73 Td (864,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 680.73 Td (Operating expenses:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 667.75 Td (Content costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 667.75 Td (427,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 667.75 Td (368,256) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 667.75 Td (393,463) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 654.75 Td (Other operating costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 654.75 Td (140,898) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 654.75 Td (139,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 654.75 Td (133,183) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 641.75 Td (Depreciation of property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 641.75 Td (40,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 641.75 Td (44,498) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 641.75 Td (56,581) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 628.75 Td (Amortization of broadcast licenses and other intangibles \(Note 4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 628.75 Td (16,219) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 628.75 Td (46,627) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 628.75 Td (34,881) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 615.73 Td (Cost of revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.80 615.73 Td (625,659) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.80 615.73 Td (598,416) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 615.73 Td (618,108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 602.75 Td (Selling, general and administrative expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 602.75 Td (150,220) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 602.75 Td (139,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 602.75 Td (171,134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 589.75 Td (Restructuring costs \(Note 15\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 589.75 Td (18,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.80 589.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 589.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 576.75 Td (Impairment charge \(Note 4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 576.75 Td (79,676) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.80 576.75 Td (522,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 576.75 Td (68,748) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 563.73 Td (Operating \(loss\) / income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.10 563.73 Td (\(183,121) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 563.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.10 563.73 Td (\(488,193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.80 563.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.80 563.73 Td (6,792) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 550.75 Td (Interest income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.80 550.75 Td (504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 550.75 Td (779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 550.75 Td (2,753) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 537.75 Td (Interest expense \(Note 16\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.10 537.75 Td (\(111,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 537.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.10 537.75 Td (\(127,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 537.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 537.75 Td (\(135,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 537.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 524.75 Td (Loss on extinguishment of debt \(Note 5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 524.75 Td (\(23,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 524.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 524.75 Td (\(198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 524.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 524.75 Td (\(25,904) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 524.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 511.75 Td (Foreign currency exchange gain / \(loss\), net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 511.75 Td (19,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.80 511.75 Td (4,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 511.75 Td (\(31,124) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 511.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 498.75 Td (Change in fair value of derivatives \(Note 14\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.80 498.75 Td (104) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 498.75 Td (49,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 498.75 Td (7,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 485.75 Td (Other \(expense\) / income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.10 485.75 Td (\(591) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 485.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 485.75 Td (901) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 485.75 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 472.73 Td (Loss before tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.10 472.73 Td (\(298,558) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 472.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.10 472.73 Td (\(560,532) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.80 472.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 472.73 Td (\(175,754) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 472.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 459.75 Td (Credit / \(provision\) for income taxes \(Note 18\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 459.75 Td (17,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 459.75 Td (14,139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 459.75 Td (\(3,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 459.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 446.73 Td (Net loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.10 446.73 Td (\(281,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 446.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.10 446.73 Td (\(546,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.80 446.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 446.73 Td (\(179,604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 446.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 433.75 Td (Net loss attributable to noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 433.75 Td (3,882) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 433.75 Td (10,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 433.75 Td (4,993) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 420.73 Td (Net loss attributable to CME Ltd.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.50 420.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.10 420.73 Td (\(277,651) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 420.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 420.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.10 420.73 Td (\(535,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.80 420.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 420.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 420.73 Td (\(174,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 420.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 393.75 Td (Net loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.10 393.75 Td (\(281,533) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 393.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.10 393.75 Td (\(546,393) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 393.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 393.75 Td (\(179,604) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 393.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 380.75 Td (Currency translation adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 380.75 Td (\(58,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 380.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 380.75 Td (28,651) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 380.75 Td (\(59,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 380.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 367.73 Td (Comprehensive loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.50 367.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.10 367.73 Td (\(339,733) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 367.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 367.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.10 367.73 Td (\(517,742) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.80 367.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 367.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 367.73 Td (\(239,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 367.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 354.75 Td (Comprehensive loss attributable to noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 354.75 Td (4,103) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.80 354.75 Td (10,617) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 354.75 Td (4,273) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 341.73 Td (Comprehensive loss attributable to CME Ltd.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.50 341.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.10 341.73 Td (\(335,630) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 341.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 341.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.10 341.73 Td (\(507,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.80 341.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 341.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 341.73 Td (\(234,761) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 341.73 Td (\)) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 297.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 297.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 297.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 267.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 267.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 267.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 237.50 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 237.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 237.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 237.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 237.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 237.50 60.00 -15.00 re f /GS0 gs BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 316.73 Td (PER SHARE DATA \(Note 19\):) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 301.75 Td (Net loss per share:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 286.75 Td (Net loss attributable to CME Ltd. Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.00 286.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 286.75 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.30 286.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.00 286.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.60 286.75 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 286.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.00 286.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 286.75 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 286.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 271.75 Td (Net loss attributable to CME Ltd. Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.00 271.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.60 271.75 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.30 271.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.00 271.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.60 271.75 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.30 271.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.00 271.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 271.75 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 271.75 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 241.75 Td (Weighted average common shares used in computing per share amounts \(000s\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 226.75 Td (Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.30 226.75 Td (125,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.30 226.75 Td (76,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 226.75 Td (64,385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 211.75 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.30 211.75 Td (125,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.30 211.75 Td (76,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 211.75 Td (64,385) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 164.80 192.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 192.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 148.40 754.10 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 196.26 754.10 Td (TED ST) Tj ET Q q 0 0 0 rg BT 223.90 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 229.08 754.10 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 281.02 754.10 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 310.42 754.10 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 336.88 754.10 Td (AND COMPREHENSIVE INCOME) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.35 744.50 Td (\(US$ 000) Tj ET Q q 0 0 0 rg BT 263.61 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 309.46 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 341.31 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 358.28 744.50 Td (e data\)) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (45) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 652.50 79.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 652.50 31.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 652.50 27.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 652.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 652.50 42.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 652.50 28.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 652.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 652.50 38.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 652.50 25.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 652.50 40.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 652.50 48.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 652.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 652.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 652.50 43.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 617.50 79.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 617.50 31.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 617.50 27.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 617.50 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 617.50 42.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 617.50 28.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 617.50 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 617.50 38.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 617.50 25.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 617.50 40.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 617.50 48.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 617.50 53.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 617.50 51.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 617.50 43.00 -26.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 469.00 533.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 533.50 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 508.50 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 508.50 31.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 508.50 27.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 508.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 508.50 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 508.50 28.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 508.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 508.50 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 508.50 25.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 508.50 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 508.50 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 508.50 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 508.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 508.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 476.50 79.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 476.50 31.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 476.50 27.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 476.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 476.50 42.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 476.50 28.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 476.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 476.50 38.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 476.50 25.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 476.50 40.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 476.50 48.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 476.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 476.50 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 476.50 43.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 441.50 79.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 441.50 31.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 441.50 27.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 441.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 441.50 42.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 441.50 28.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 441.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 441.50 38.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 441.50 25.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 441.50 40.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 441.50 48.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 441.50 53.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 441.50 51.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 441.50 43.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.50 79.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 400.50 31.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 400.50 27.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 400.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 400.50 42.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 400.50 28.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 400.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 400.50 38.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 400.50 25.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 400.50 40.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 400.50 48.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 400.50 53.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 400.50 51.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 400.50 43.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 366.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 366.50 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 366.50 27.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 366.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 366.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 366.50 28.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 366.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 366.50 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 366.50 25.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 366.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 366.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 366.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 366.50 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 366.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 336.50 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 336.50 31.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 336.50 27.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 336.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 336.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 336.50 28.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 336.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 336.50 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 336.50 25.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 336.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 336.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 336.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 336.50 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 336.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 306.50 79.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 306.50 31.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 306.50 27.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 306.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 306.50 42.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 306.50 28.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 306.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 306.50 38.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 306.50 25.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 306.50 40.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 306.50 48.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 306.50 53.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 306.50 51.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 306.50 43.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 271.50 79.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 271.50 31.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 271.50 27.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 271.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 271.50 42.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 271.50 28.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 271.50 4.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 271.50 38.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 271.50 25.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 271.50 40.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 271.50 48.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 271.50 53.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 271.50 51.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 271.50 43.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 235.50 79.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 235.50 31.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 235.50 27.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 235.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 235.50 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 235.50 28.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 235.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 235.50 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 235.50 25.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 235.50 40.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 235.50 48.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 235.50 53.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 235.50 51.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 235.50 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 197.50 79.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 197.50 31.00 -19.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 129.00 159.50 31.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 159.50 27.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 159.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 159.50 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 159.50 28.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 159.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 159.50 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 159.50 25.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 159.50 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 159.50 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 159.50 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 159.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 159.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 135.50 79.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 135.50 31.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 135.50 27.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 135.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 135.50 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 135.50 28.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 135.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 135.50 38.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 135.50 25.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 135.50 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 135.50 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 135.50 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.00 135.50 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 135.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 104.50 79.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.00 104.50 31.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.00 104.50 27.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.00 104.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.00 104.50 42.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.00 104.50 28.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 104.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 104.50 38.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.00 104.50 25.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 104.50 40.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 104.50 48.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 104.50 53.00 -19.00 re f /GS0 gs 0.8 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 289.5 m 233 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 272.5 m 233 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 270.5 m 233 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 289.5 m 261 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 272.5 m 261 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 270.5 m 261 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 289.5 m 303 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 272.5 m 303 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 270.5 m 303 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 289.5 m 328 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 272.5 m 328 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 270.5 m 328 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 289.5 m 368 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 272.5 m 368 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 270.5 m 368 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 289.5 m 416 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 272.5 m 416 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 270.5 m 416 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 289.5 m 469 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 272.5 m 469 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 270.5 m 469 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 289.5 m 520 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 272.5 m 520 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 270.5 m 520 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 289.5 m 563 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 272.5 m 563 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 270.5 m 563 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 129 104.5 m 160 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 129 86.5 m 160 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 129 84.5 m 160 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160 104.5 m 187 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160 86.5 m 187 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160 84.5 m 187 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 104.5 m 233 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 86.5 m 233 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 84.5 m 233 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 104.5 m 261 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 86.5 m 261 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 84.5 m 261 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 104.5 m 303 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 86.5 m 303 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 84.5 m 303 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 104.5 m 328 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 86.5 m 328 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303 84.5 m 328 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 104.5 m 368 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 86.5 m 368 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 84.5 m 368 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 104.5 m 416 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 86.5 m 416 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 84.5 m 416 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 104.5 m 469 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 86.5 m 469 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 84.5 m 469 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 104.5 m 520 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 86.5 m 520 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469 84.5 m 520 84.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 104.5 m 563 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 86.5 m 563 86.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 84.5 m 563 84.5 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 719.55 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 283.10 719.56 Td (CME Ltd.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 516.50 719.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 559.50 719.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 693.55 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 145.50 707.91 Td (Series A) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 139.80 700.91 Td (Convertible) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 133.80 693.91 Td (Preferred Stock) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 214.50 700.56 Td (Class ) Tj ET Q q 0 0 0 rg BT 231.81 700.56 Td (A) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 202.45 693.56 Td (Common Stock) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 284.80 700.56 Td (Class B) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.95 693.56 Td (Common Stock) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 364.50 693.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 412.50 693.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 465.50 693.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 516.50 693.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 559.50 693.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 656.55 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 131.60 670.56 Td (Number) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 141.05 663.56 Td (of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 134.50 656.56 Td (shares) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 167.60 663.56 Td (Par) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 165.00 656.56 Td (value) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 195.30 663.56 Td (Number of) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 202.00 656.56 Td (shares) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 241.10 663.56 Td (Par) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 238.50 656.56 Td (value) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 271.10 663.56 Td (Number) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 270.20 656.56 Td (of shares) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.60 663.56 Td (Par) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 307.00 656.56 Td (value) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 332.60 670.56 Td (Additional) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 341.90 663.56 Td (Paid-In) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 342.30 656.56 Td (Capital) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 372.80 663.56 Td (Accumulated) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 392.65 656.56 Td (Deficit) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 425.80 677.56 Td (Accumulated) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 447.70 670.56 Td (Other) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.95 663.56 Td (Comprehensive) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 419.60 656.56 Td (Income / \(Loss\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.50 663.56 Td (Noncontrolling) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 493.30 656.56 Td (Interest) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 544.15 663.56 Td (Total) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 539.25 656.56 Td (Equity) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 645.26 Td (BALANCE) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 638.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 638.26 Td ( 31, 2010) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 150.15 638.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 162.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 177.15 638.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 198.60 638.56 Td (56,878,489) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 235.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 242.35 638.56 Td (4,550) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.10 638.56 Td (7,490,936) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 314.60 638.56 Td (599) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 330.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.10 638.56 Td (1,377,803) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 370.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 388.05 638.61 Td (\(233,818) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 413.15 638.56 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 446.90 638.56 Td (77,745) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 497.90 638.56 Td (20,873) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 522.50 638.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 532.10 638.56 Td (1,247,752) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 627.15 Td (Stock-based) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 620.15 Td (compensation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 349.40 621.55 Td (5,898) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 621.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.40 621.55 Td (5,898) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 606.35 Td (Repurchase of 2013) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 599.35 Td (Convertible Notes) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 347.05 595.60 Td (\(8,383) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 595.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 595.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.05 595.60 Td (\(8,383) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 595.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 584.15 Td (Issuance of 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 577.15 Td (Convertible Notes, net of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 570.15 Td (transaction costs) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 345.90 570.55 Td (11,852) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 570.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 540.90 570.55 Td (11,852) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 558.85 Td (Reclassification of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 551.85 Td (capped call options) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 345.90 551.55 Td (17,273) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 391.55 551.60 Td (\(17,273) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 551.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 551.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 538.85 Td (Stock option exercised) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 537.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 537.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 210.90 537.55 Td (13,625) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 254.65 537.55 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 280.90 537.55 Td (10,000) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.65 537.55 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 354.65 537.55 Td (240) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 537.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 537.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 537.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 549.65 537.55 Td (242) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 525.35 Td (Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 355.80 524.60 Td (\(35) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 524.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 524.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 550.80 524.60 Td (\(35) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 524.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 512.85 Td (Dividends) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 512.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 504.30 512.60 Td (\(350) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 512.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.30 512.60 Td (\(350) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 512.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 500.85 Td (Net loss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 388.05 500.60 Td (\(174,611) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 500.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 500.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 499.05 500.60 Td (\(4,993) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 500.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 535.05 500.60 Td (\(179,604) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 500.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 488.35 Td (Currency translation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 481.35 Td (adjustment) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 480.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 444.55 480.60 Td (\(60,150) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.15 480.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 506.65 480.55 Td (720) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 538.55 480.60 Td (\(59,430) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 480.55 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 469.26 Td (BALANCE) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 462.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 462.26 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 105.05 462.26 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 150.15 462.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 162.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 177.15 462.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 198.60 462.56 Td (56,892,114) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 235.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 242.35 462.56 Td (4,551) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 272.10 462.56 Td (7,500,936) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 314.60 462.56 Td (600) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 330.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.10 462.56 Td (1,404,648) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 370.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 388.05 462.61 Td (\(425,702) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 413.15 462.56 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 446.90 462.56 Td (17,595) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 497.90 462.56 Td (16,250) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 522.50 462.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 532.10 462.56 Td (1,017,942) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 451.15 Td (Stock-based) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 444.15 Td (compensation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 445.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 445.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 445.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 445.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 349.40 445.55 Td (4,249) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.40 445.55 Td (4,249) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 434.15 Td (Conversion of Class B) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 427.15 Td (shares to Class A shares) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 202.10 428.55 Td (7,516,936) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 247.60 428.55 Td (601) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 269.80 428.55 Td (\(7,516,936) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 300.15 428.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 312.30 428.60 Td (\(601) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 325.15 428.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 428.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 410.85 Td (Share issuances) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 153.65 404.55 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 404.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 198.60 404.55 Td (12,776,079) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 242.35 404.55 Td (1,022) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 404.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 404.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.35 404.55 Td (127,341) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 404.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 404.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 404.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 537.40 404.55 Td (128,363) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 393.15 Td (Repurchase of 2013) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 386.15 Td (Convertible Notes) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.30 387.60 Td (\(868) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 387.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 387.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.30 387.60 Td (\(868) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 387.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 376.15 Td (Reclassification of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 369.15 Td (capped call options) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 345.90 370.55 Td (21,131) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 391.55 370.60 Td (\(21,131) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 370.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 370.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 357.35 Td (Stock options exercised) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 280.90 355.55 Td (16,000) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.65 355.55 Td (1) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 355.55 Td (32) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 355.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 355.55 Td (33) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 342.35 Td (Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.30 340.60 Td (\(283) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 340.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 340.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.30 340.60 Td (\(283) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 340.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 327.35 Td (Dividends) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 325.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 504.30 325.60 Td (\(427) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 325.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.30 325.60 Td (\(427) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 325.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 312.35 Td (Net loss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 388.05 310.60 Td (\(535,680) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 310.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 310.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 495.55 310.60 Td (\(10,713) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 310.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 535.05 310.60 Td (\(546,393) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 310.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 299.15 Td (Currency translation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 292.15 Td (adjustment) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 293.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 446.90 293.55 Td (28,555) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 293.55 Td (96) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 540.90 293.55 Td (28,651) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 282.26 Td (BALANCE) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 275.26 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 275.26 Td ( 31, 2012) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 153.65 275.56 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 162.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 177.15 275.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 198.60 275.56 Td (77,185,129) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 235.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 242.35 275.56 Td (6,174) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.15 275.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 318.10 275.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 330.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.10 275.56 Td (1,556,250) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 370.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 388.05 275.61 Td (\(982,513) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 413.15 275.56 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 446.90 275.56 Td (46,150) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 501.40 275.56 Td (5,206) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 522.50 275.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 537.40 275.56 Td (631,267) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 264.15 Td (Stock-based) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 257.15 Td (compensation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 349.40 258.55 Td (6,116) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 258.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 544.40 258.55 Td (6,116) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 243.35 Td (Share issuances) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 198.60 239.55 Td (57,132,931) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 242.35 239.55 Td (4,571) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.35 239.55 Td (147,082) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 239.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 537.40 239.55 Td (151,653) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 227.85 Td (Reclassification of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 220.85 Td (capped call options) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 220.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 220.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 220.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 220.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 220.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 349.40 220.55 Td (2,752) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 395.05 220.60 Td (\(2,752) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 220.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 220.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 208.85 Td (Preferred dividend paid) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 201.85 Td (in-kind) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 347.05 201.60 Td (\(7,890) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 201.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 201.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 542.05 201.60 Td (\(7,890) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 201.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 189.85 Td (Share issuance, stock-) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 182.85 Td (based compensation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 207.40 182.55 Td (519,382) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 182.55 Td (42) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 355.80 182.60 Td (\(42) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 182.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 182.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 170.85 Td (Acquisition of) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 163.85 Td (noncontrolling interests) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.30 163.60 Td (\(261) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.15 163.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 506.65 163.55 Td (261) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 163.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 151.85 Td (Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 151.55 Td (59) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 510.15 151.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 553.15 151.55 Td (59) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 139.85 Td (Dividends) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 139.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 139.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 139.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 504.30 139.60 Td (\(471) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 139.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 547.30 139.60 Td (\(471) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 139.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 127.85 Td (Net loss) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 388.05 127.60 Td (\(277,651) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 127.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 459.15 127.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 499.05 127.60 Td (\(3,882) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 127.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 535.05 127.60 Td (\(281,533) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 127.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 115.85 Td (Currency translation) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 108.85 Td (adjustment) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 150.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 177.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 223.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 251.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 293.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.10 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 358.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 406.15 108.55 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 444.55 108.60 Td (\(57,979) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.15 108.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 504.30 108.60 Td (\(221) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 517.15 108.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 538.55 108.60 Td (\(58,200) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 560.15 108.55 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 96.91 Td (BALANCE) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 52.50 89.91 Td (December) Tj ET Q q 0 0 0 rg BT 82.69 89.91 Td ( 31, 2013) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 153.65 89.56 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 162.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 177.15 89.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 195.10 89.56 Td (134,837,442) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 235.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 238.85 89.56 Td (10,787) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 293.15 89.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 305.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 318.10 89.56 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 330.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 337.10 89.56 Td (1,704,066) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 370.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 382.80 89.61 Td (\(1,262,916) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 413.15 89.56 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 418.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 444.55 89.61 Td (\(11,829) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.15 89.56 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 471.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 506.65 89.56 Td (893) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 522.50 89.56 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 537.40 89.56 Td (441,001) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 164.80 70.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 70.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.05 754.10 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 270.91 754.10 Td (TED ST) Tj ET Q q 0 0 0 rg BT 298.55 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 303.73 754.10 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 355.67 754.10 Td ( EQUITY) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.75 744.50 Td (\(US$ 000) Tj ET Q q 0 0 0 rg BT 288.01 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 333.86 744.50 Td (e data\)) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (46) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 691.50 342.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 691.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 691.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 691.50 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.00 691.50 4.00 -12.00 re f /GS0 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m 504 160.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 148.5 m 504 148.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 146.5 m 504 146.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 160.5 m 562 160.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 148.5 m 562 148.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508 146.5 m 562 146.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.25 719.73 Td (For The Year Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 707.45 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.50 707.58 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.50 707.58 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.90 707.58 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 695.58 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.50 695.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 695.45 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 683.58 Td (Net loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.50 683.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.10 683.58 Td (\(281,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 683.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 683.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.10 683.58 Td (\(546,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.80 683.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.50 683.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 683.58 Td (\(179,604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 683.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 671.45 Td (Adjustments to reconcile net loss to net cash \(used in\) / generated from operating activities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 671.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 659.45 Td (Amortization of program rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 659.45 Td (421,587) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.75 659.45 Td (355,261) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 659.45 Td (373,742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 647.45 Td (Depreciation and other amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 647.45 Td (68,379) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.75 647.45 Td (111,225) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 647.45 Td (115,067) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 635.45 Td (Net loss on extinguishment of debt \(Note 5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 635.45 Td (23,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 635.45 Td (198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 635.45 Td (25,904) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 623.45 Td (Impairment charge \(Note 4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 623.45 Td (79,676) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.75 623.45 Td (522,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 623.45 Td (68,748) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 611.45 Td (\(Gain\) / loss on disposal of fixed assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 611.45 Td (\(108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 611.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.10 611.45 Td (\(281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 611.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 611.45 Td (567) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 599.45 Td (Stock-based compensation \(Note 17\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.80 599.45 Td (6,116) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 599.45 Td (4,249) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 599.45 Td (5,898) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 587.45 Td (Change in fair value of derivatives \(Note 14\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 587.45 Td (\(104) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 587.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 587.45 Td (\(49,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 587.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 587.45 Td (\(7,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 587.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 575.45 Td (Foreign currency exchange \(gain\) / loss, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.10 575.45 Td (\(19,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 575.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 575.45 Td (\(4,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 575.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 575.45 Td (31,124) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 563.45 Td (Net change in \(net of effects of acquisitions and disposals of businesses\):) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 563.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 551.45 Td (Accounts receivable, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.80 551.45 Td (3,402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 551.45 Td (5,742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 551.45 Td (17,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 539.45 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 539.45 Td (23,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 539.45 Td (\(12,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 539.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 539.45 Td (\(19,258) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 539.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 527.45 Td (Program rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.10 527.45 Td (\(359,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 527.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.10 527.45 Td (\(400,755) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 527.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 527.45 Td (\(402,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 527.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 515.45 Td (Other assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.80 515.45 Td (2,364) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.10 515.45 Td (\(976) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 515.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 515.45 Td (4,190) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 503.45 Td (Accrued interest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.10 503.45 Td (\(8,682) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 503.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 503.45 Td (3,382) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 503.45 Td (\(3,054) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 503.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 491.45 Td (Income taxes payable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.10 491.45 Td (\(6,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 491.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 491.45 Td (4,928) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 491.45 Td (2,779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 479.45 Td (Deferred revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.10 479.45 Td (\(1,124) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 479.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 479.45 Td (542) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 479.45 Td (6,582) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 467.45 Td (Deferred taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.10 467.45 Td (\(15,265) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 467.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 467.45 Td (\(24,014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 467.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 467.45 Td (\(6,149) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 467.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 455.45 Td (VAT and other taxes payable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 455.45 Td (608) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 455.45 Td (1,001) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 455.45 Td (\(4,045) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 455.45 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 443.58 Td (Net cash \(used in\) / generated from operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.10 443.58 Td (\(64,198) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 443.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.10 443.58 Td (\(30,027) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.80 443.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.75 443.58 Td (29,638) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 425.58 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 425.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 425.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 413.45 Td (Purchase of property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.10 413.45 Td (\(30,449) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 413.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 413.45 Td (\(32,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 413.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 413.45 Td (\(34,192) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 413.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 401.45 Td (Disposal of property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 401.45 Td (313) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.80 401.45 Td (306) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 401.45 Td (1,091) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 389.45 Td (Investments in subsidiaries, net of cash acquired) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.80 389.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 389.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 389.45 Td (\(9,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 389.45 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 377.58 Td (Net cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.10 377.58 Td (\(30,136) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 377.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.10 377.58 Td (\(32,426) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.80 377.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.10 377.58 Td (\(42,698) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 377.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 359.58 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 359.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 359.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 347.45 Td (Repurchase of Senior Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.10 347.45 Td (\(310,322) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 347.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.10 347.45 Td (\(290,135) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 347.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 347.45 Td (\(73,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 347.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 335.45 Td (Payment on exchange of Convertible Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.80 335.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 335.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 335.45 Td (\(32,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 335.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 323.45 Td (Debt transactions costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 323.45 Td (\(785) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 323.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 323.45 Td (\(7,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 323.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 323.45 Td (\(2,101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 323.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 311.45 Td (Issuance of Senior Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.80 311.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.75 311.45 Td (228,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 311.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 299.45 Td (Change in restricted cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.75 299.45 Td (20,467) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 299.45 Td (\(20,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 299.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 299.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 287.45 Td (Proceeds from credit facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 287.45 Td (634) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.75 287.45 Td (195,257) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.75 287.45 Td (104,151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 275.45 Td (Payment of credit facilities and capital leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.10 275.45 Td (\(2,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 275.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.10 275.45 Td (\(105,878) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 275.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 275.45 Td (\(34,458) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 275.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 263.45 Td (Issuance of common stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 263.45 Td (157,116) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.75 263.45 Td (15,033) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 263.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 251.45 Td (Issuance of preferred stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.75 251.45 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 251.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 251.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 239.45 Td (Equity issuance costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.10 239.45 Td (\(5,410) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 239.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.10 239.45 Td (\(2,942) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 239.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 239.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 227.45 Td (Dividends paid to holders of noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 227.45 Td (\(411) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 227.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.10 227.45 Td (\(308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 227.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.10 227.45 Td (\(316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 227.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 215.45 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.80 215.45 Td (59) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.10 215.45 Td (\(49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 215.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 215.45 Td (242) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 203.58 Td (Net cash provided by / \(used in\) financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.75 203.58 Td (59,321) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.75 203.58 Td (11,896) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 534.10 203.58 Td (\(38,168) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 203.58 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 190.75 Td (Impact of exchange rate fluctuations on cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.10 190.75 Td (\(384) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 190.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 190.75 Td (4,564) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 190.75 Td (\(6,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 190.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 177.75 Td (Net decrease in cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.10 177.75 Td (\(35,397) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 177.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 177.75 Td (\(45,993) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 177.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 177.75 Td (\(57,664) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 177.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 164.73 Td (CASH AND CASH EQUIVALENTS, beginning of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.75 164.73 Td (140,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.75 164.73 Td (186,386) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.75 164.73 Td (244,050) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 151.73 Td (CASH AND CASH EQUIVALENTS, end of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.50 151.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.75 151.73 Td (104,996) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 151.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.75 151.73 Td (140,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 510.50 151.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.75 151.73 Td (186,386) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 164.80 132.40 Td (The accompanying notes ar) Tj ET Q q 0 0 0 rg BT 253.16 132.40 Td (e an integral part of these consolidated financial statements.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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619.10 Td (W) Tj ET Q q 0 0 0 rg BT 175.10 619.10 Td (e ) Tj ET Q q 0 0 0 rg BT 181.24 619.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 210.92 619.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 245.49 619.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 276.51 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.09 619.10 Td (collecting ) Tj ET Q q 0 0 0 rg BT 321.22 619.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 336.68 619.10 Td (from ) Tj ET Q q 0 0 0 rg BT 354.82 619.10 Td (cable ) Tj ET Q q 0 0 0 rg BT 374.28 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.42 619.10 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 438.54 619.10 Td (\(DTH\) ) Tj ET Q q 0 0 0 rg BT 469.99 619.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 502.34 619.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.26 619.10 Td (carriage ) Tj ET Q q 0 0 0 rg BT 542.59 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 551.84 619.10 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 609.50 Td (channels. ) Tj ET Q q 0 0 0 rg BT 81.11 609.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.17 609.50 Td (main ) Tj ET Q q 0 0 0 rg BT 112.78 609.50 Td (general ) Tj ET Q q 0 0 0 rg BT 137.94 609.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 183.54 609.50 Td (television ) Tj ET Q q 0 0 0 rg BT 216.27 609.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 245.87 609.50 Td (in ) Tj ET Q q 0 0 0 rg BT 253.71 609.50 Td (each ) Tj ET Q q 0 0 0 rg BT 269.99 609.50 Td (country ) Tj ET Q q 0 0 0 rg BT 296.04 609.50 Td (are ) Tj ET Q q 0 0 0 rg BT 307.43 609.50 Td (distributed ) Tj ET Q q 0 0 0 rg BT 343.27 609.50 Td (on ) Tj ET Q q 0 0 0 rg BT 352.88 609.50 Td (a ) Tj ET Q q 0 0 0 rg BT 358.05 609.50 Td (free-to-air ) Tj ET Q q 0 0 0 rg BT 392.09 609.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 409.71 609.50 Td (terrestrially ) Tj ET Q q 0 0 0 rg BT 448.20 609.50 Td (in ) Tj ET Q q 0 0 0 rg BT 456.04 609.50 Td (analog, ) Tj ET Q q 0 0 0 rg BT 480.99 609.50 Td (digital ) Tj ET Q q 0 0 0 rg BT 503.05 609.50 Td (or ) Tj ET Q q 0 0 0 rg BT 511.33 609.50 Td (both, ) Tj ET Q q 0 0 0 rg BT 529.17 609.50 Td (depending ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 599.90 Td (on ) Tj ET Q q 0 0 0 rg BT 58.96 599.90 Td (the ) Tj ET Q q 0 0 0 rg BT 70.19 599.90 Td (digitalization ) Tj ET Q q 0 0 0 rg BT 113.86 599.90 Td (status ) Tj ET Q q 0 0 0 rg BT 133.55 599.90 Td (in ) Tj ET Q q 0 0 0 rg BT 141.23 599.90 Td (each ) Tj ET Q q 0 0 0 rg BT 157.34 599.90 Td (country) Tj ET Q q 0 0 0 rg BT 181.26 599.90 Td (, ) Tj ET Q q 0 0 0 rg BT 184.72 599.90 Td (and ) Tj ET Q q 0 0 0 rg BT 197.73 599.90 Td (are ) Tj ET Q q 0 0 0 rg BT 208.96 599.90 Td (also ) Tj ET Q q 0 0 0 rg BT 223.30 599.90 Td (distributed ) Tj ET Q q 0 0 0 rg BT 258.98 599.90 Td (via ) Tj ET Q q 0 0 0 rg BT 270.21 599.90 Td (cable ) Tj ET Q q 0 0 0 rg BT 288.55 599.90 Td (and ) Tj ET Q q 0 0 0 rg BT 301.56 599.90 Td (satellite. ) Tj ET Q q 0 0 0 rg BT 329.90 599.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 343.80 599.90 Td (other ) Tj ET Q q 0 0 0 rg BT 361.70 599.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 391.15 599.90 Td (are ) Tj ET Q q 0 0 0 rg BT 402.37 599.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 433.59 599.90 Td (distributed ) Tj ET Q q 0 0 0 rg BT 469.27 599.90 Td (via ) Tj ET Q q 0 0 0 rg BT 480.51 599.90 Td (cable ) Tj ET Q q 0 0 0 rg BT 498.84 599.90 Td (and ) Tj ET Q q 0 0 0 rg BT 511.85 599.90 Td (satellite.Unless ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 590.30 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 82.60 590.30 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 115.92 590.30 Td (we ) Tj ET Q q 0 0 0 rg BT 127.25 590.30 Td (own ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.03 590.30 Td (100%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 161.69 590.30 Td ( ) Tj ET Q q 0 0 0 rg BT 163.69 590.30 Td (of ) Tj ET Q q 0 0 0 rg BT 172.36 590.30 Td (our ) Tj ET Q q 0 0 0 rg BT 185.02 590.30 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 217.67 590.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 249.88 590.30 Td (and ) Tj ET Q q 0 0 0 rg BT 263.43 590.30 Td (license ) Tj ET Q q 0 0 0 rg BT 287.64 590.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 323.86 590.30 Td (in ) Tj ET Q q 0 0 0 rg BT 332.08 590.30 Td (each ) Tj ET Q q 0 0 0 rg BT 348.73 590.30 Td (country) Tj ET Q q 0 0 0 rg BT 372.65 590.30 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 571.70 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 556.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.94 556.10 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.46 556.10 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.02 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.00 556.10 Td (general ) Tj ET Q q 0 0 0 rg BT 126.52 556.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 172.48 556.10 Td (channel, ) Tj ET Q q 0 0 0 rg BT 201.34 556.10 Td (BTV) Tj ET Q q 0 0 0 rg BT 216.31 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.29 556.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.82 556.10 Td (seven) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.04 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.02 556.10 Td (other ) Tj ET Q q 0 0 0 rg BT 272.44 556.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 304.41 556.10 Td (BTV) Tj ET Q q 0 0 0 rg BT 320.27 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.25 556.10 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 357.79 556.10 Td (BTV) Tj ET Q q 0 0 0 rg BT 373.64 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.63 556.10 Td (COMEDY) Tj ET Q q 0 0 0 rg BT 409.26 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.24 556.10 Td (RING.BG, ) Tj ET Q q 0 0 0 rg BT 449.89 556.10 Td (RING.BG+1, ) Tj ET Q q 0 0 0 rg BT 495.06 556.10 Td (BTV) Tj ET Q q 0 0 0 rg BT 510.91 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.46 556.10 Td (ACTION, ) Tj ET Q q 0 0 0 rg BT 546.66 556.10 Td (BTV) Tj ET Q q 0 0 0 rg BT 562.51 556.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 546.50 Td (LADY) Tj ET Q q 0 0 0 rg BT 71.42 546.50 Td ( ) Tj ET Q q 0 0 0 rg BT 73.68 546.50 Td (and ) Tj ET Q q 0 0 0 rg BT 87.48 546.50 Td (BTV) Tj ET Q q 0 0 0 rg BT 103.34 546.50 Td ( ) Tj ET Q q 0 0 0 rg BT 105.59 546.50 Td (LADY+1. ) Tj ET Q q 0 0 0 rg BT 140.41 546.50 Td (W) Tj ET Q q 0 0 0 rg BT 147.32 546.50 Td (e ) Tj ET Q q 0 0 0 rg BT 153.13 546.50 Td (also ) Tj ET Q q 0 0 0 rg BT 168.27 546.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 194.06 546.50 Td (several ) Tj ET Q q 0 0 0 rg BT 218.97 546.50 Td (radio ) Tj ET Q q 0 0 0 rg BT 237.66 546.50 Td (channels.) Tj ET Q q 0 0 0 rg BT 269.50 546.50 Td (W) Tj ET Q q 0 0 0 rg BT 276.41 546.50 Td (e ) Tj ET Q q 0 0 0 rg BT 282.22 546.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 313.34 546.50 Td (own ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.38 546.50 Td (94%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.04 546.50 Td ( ) Tj ET Q q 0 0 0 rg BT 346.29 546.50 Td (of ) Tj ET Q q 0 0 0 rg BT 355.21 546.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 374.80 546.50 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 404.60 546.50 Td (B.V) Tj ET Q q 0 0 0 rg BT 416.68 546.50 Td (. ) Tj ET Q q 0 0 0 rg BT 420.94 546.50 Td (\("CME ) Tj ET Q q 0 0 0 rg BT 446.46 546.50 Td (Bulgaria"\), ) Tj ET Q q 0 0 0 rg BT 484.19 546.50 Td (the ) Tj ET Q q 0 0 0 rg BT 496.22 546.50 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 531.36 546.50 Td (that ) Tj ET Q q 0 0 0 rg BT 545.61 546.50 Td (owns ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 536.90 Td (our ) Tj ET Q q 0 0 0 rg BT 62.16 536.90 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 91.71 536.90 Td (operations.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 518.30 Td (Cr) Tj ET Q q 0 0 0 rg BT 57.65 518.30 Td (oatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 502.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 502.70 Td (e ) Tj ET Q q 0 0 0 rg BT 61.44 502.70 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.46 502.70 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.01 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 99.48 502.70 Td (general ) Tj ET Q q 0 0 0 rg BT 124.50 502.70 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 169.96 502.70 Td (channel, ) Tj ET Q q 0 0 0 rg BT 198.31 502.70 Td (NOV) Tj ET Q q 0 0 0 rg BT 214.61 502.70 Td (A) Tj ET Q q 0 0 0 rg BT 219.95 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 221.32 502.70 Td (TV) Tj ET Q q 0 0 0 rg BT 231.84 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 233.31 502.70 Td (\(Croatia\), ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.67 502.70 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.22 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 278.70 502.70 Td (female-oriented ) Tj ET Q q 0 0 0 rg BT 330.81 502.70 Td (channel, ) Tj ET Q q 0 0 0 rg BT 359.16 502.70 Td (DOMA) Tj ET Q q 0 0 0 rg BT 383.17 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 384.54 502.70 Td (TV) Tj ET Q q 0 0 0 rg BT 395.06 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 396.53 502.70 Td (\(Croatia\), ) Tj ET Q q 0 0 0 rg BT 428.89 502.70 Td (an ) Tj ET Q q 0 0 0 rg BT 437.92 502.70 Td (international ) Tj ET Q q 0 0 0 rg BT 479.82 502.70 Td (channel, ) Tj ET Q q 0 0 0 rg BT 508.17 502.70 Td (NOV) Tj ET Q q 0 0 0 rg BT 524.48 502.70 Td (A) Tj ET Q q 0 0 0 rg BT 529.81 502.70 Td ( ) Tj ET Q q 0 0 0 rg BT 531.18 502.70 Td (WORLD, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.60 493.10 Td (children's ) Tj ET Q q 0 0 0 rg BT 101.37 493.10 Td (channel, ) Tj ET Q q 0 0 0 rg BT 130.24 493.10 Td (MINI ) Tj ET Q q 0 0 0 rg BT 150.32 493.10 Td (TV) Tj ET Q q 0 0 0 rg BT 159.95 493.10 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 474.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.05 474.50 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 458.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 458.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.70 458.90 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.98 458.90 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.53 458.90 Td ( ) Tj ET Q q 0 0 0 rg BT 100.27 458.90 Td (general ) Tj ET Q q 0 0 0 rg BT 125.55 458.90 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 171.28 458.90 Td (channel, ) Tj ET Q q 0 0 0 rg BT 199.77 458.90 Td (TV) Tj ET Q q 0 0 0 rg BT 210.29 458.90 Td ( ) Tj ET Q q 0 0 0 rg BT 212.03 458.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 228.33 458.90 Td (A) Tj ET Q q 0 0 0 rg BT 233.66 458.90 Td ( ) Tj ET Q q 0 0 0 rg BT 235.41 458.90 Td (\(Czech ) Tj ET Q q 0 0 0 rg BT 259.80 458.90 Td (Republic\), ) Tj ET Q q 0 0 0 rg BT 295.09 458.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.38 458.90 Td (five) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.82 458.90 Td ( ) Tj ET Q q 0 0 0 rg BT 322.56 458.90 Td (other ) Tj ET Q q 0 0 0 rg BT 340.74 458.90 Td (channels, ) Tj ET Q q 0 0 0 rg BT 372.47 458.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 388.77 458.90 Td (A) Tj ET Q q 0 0 0 rg BT 394.10 458.90 Td ( ) Tj ET Q q 0 0 0 rg BT 395.84 458.90 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 431.14 458.90 Td (NOV) Tj ET Q q 0 0 0 rg BT 447.44 458.90 Td (A) Tj ET Q q 0 0 0 rg BT 452.78 458.90 Td ( ) Tj ET Q q 0 0 0 rg BT 454.52 458.90 Td (SPOR) Tj ET Q q 0 0 0 rg BT 474.05 458.90 Td (T) Tj ET Q q 0 0 0 rg BT 478.34 458.90 Td (, ) Tj ET Q q 0 0 0 rg BT 482.08 458.90 Td (F) Tj ET Q q 0 0 0 rg BT 485.94 458.90 Td (ANDA, ) Tj ET Q q 0 0 0 rg BT 512.79 458.90 Td (a ) Tj ET Q q 0 0 0 rg BT 518.08 458.90 Td (male-oriented ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 449.30 Td (channel, ) Tj ET Q q 0 0 0 rg BT 78.38 449.30 Td (SMICHOV) Tj ET Q q 0 0 0 rg BT 114.24 449.30 Td (, ) Tj ET Q q 0 0 0 rg BT 118.24 449.30 Td (a ) Tj ET Q q 0 0 0 rg BT 123.79 449.30 Td (comedy ) Tj ET Q q 0 0 0 rg BT 151.11 449.30 Td (channel ) Tj ET Q q 0 0 0 rg BT 177.99 449.30 Td (and ) Tj ET Q q 0 0 0 rg BT 191.39 449.30 Td (TELKA, ) Tj ET Q q 0 0 0 rg BT 221.61 449.30 Td (a ) Tj ET Q q 0 0 0 rg BT 227.16 449.30 Td (classics ) Tj ET Q q 0 0 0 rg BT 253.60 449.30 Td (channel ) Tj ET Q q 0 0 0 rg BT 280.47 449.30 Td (launched ) Tj ET Q q 0 0 0 rg BT 311.35 449.30 Td (on ) Tj ET Q q 0 0 0 rg BT 321.35 449.30 Td (February ) Tj ET Q q 0 0 0 rg BT 352.23 449.30 Td (22, ) Tj ET Q q 0 0 0 rg BT 364.23 449.30 Td (2013.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 430.70 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 415.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.52 415.10 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.62 415.10 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.17 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.73 415.10 Td (general ) Tj ET Q q 0 0 0 rg BT 124.83 415.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 170.37 415.10 Td (channel, ) Tj ET Q q 0 0 0 rg BT 198.81 415.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 215.82 415.10 Td (TV) Tj ET Q q 0 0 0 rg BT 225.45 415.10 Td (, ) Tj ET Q q 0 0 0 rg BT 229.01 415.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.12 415.10 Td (eight) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.12 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.68 415.10 Td (other ) Tj ET Q q 0 0 0 rg BT 277.68 415.10 Td (channels, ) Tj ET Q q 0 0 0 rg BT 308.88 415.10 Td (ACASA, ) Tj ET Q q 0 0 0 rg BT 339.22 415.10 Td (ACASA) Tj ET Q q 0 0 0 rg BT 365.89 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.45 415.10 Td (GOLD, ) Tj ET Q q 0 0 0 rg BT 393.23 415.10 Td (PRO ) Tj ET Q q 0 0 0 rg BT 410.35 415.10 Td (CINEMA, ) Tj ET Q q 0 0 0 rg BT 445.47 415.10 Td (SPOR) Tj ET Q q 0 0 0 rg BT 465.00 415.10 Td (T) Tj ET Q q 0 0 0 rg BT 469.29 415.10 Td (.RO, ) Tj ET Q q 0 0 0 rg BT 485.97 415.10 Td (MTV) Tj ET Q q 0 0 0 rg BT 503.60 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.16 415.10 Td (ROMANIA, ) Tj ET Q q 0 0 0 rg BT 546.94 415.10 Td (PRO ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 405.50 Td (TV) Tj ET Q q 0 0 0 rg BT 60.02 405.50 Td ( ) Tj ET Q q 0 0 0 rg BT 61.88 405.50 Td (INTERNA) Tj ET Q q 0 0 0 rg BT 96.10 405.50 Td (TIONAL, ) Tj ET Q q 0 0 0 rg BT 129.72 405.50 Td (an ) Tj ET Q q 0 0 0 rg BT 139.13 405.50 Td (international ) Tj ET Q q 0 0 0 rg BT 181.42 405.50 Td (channel, ) Tj ET Q q 0 0 0 rg BT 210.15 405.50 Td (PRO ) Tj ET Q q 0 0 0 rg BT 227.44 405.50 Td (TV) Tj ET Q q 0 0 0 rg BT 237.96 405.50 Td ( ) Tj ET Q q 0 0 0 rg BT 239.81 405.50 Td (CHISINAU, ) Tj ET Q q 0 0 0 rg BT 281.89 405.50 Td (a ) Tj ET Q q 0 0 0 rg BT 287.30 405.50 Td (general ) Tj ET Q q 0 0 0 rg BT 312.70 405.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 358.54 405.50 Td (channel ) Tj ET Q q 0 0 0 rg BT 385.27 405.50 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 428.00 405.50 Td (in ) Tj ET Q q 0 0 0 rg BT 436.08 405.50 Td (Moldova, ) Tj ET Q q 0 0 0 rg BT 468.82 405.50 Td (and ) Tj ET Q q 0 0 0 rg BT 481.82 405.50 Td (ACASA) Tj ET Q q 0 0 0 rg BT 508.50 405.50 Td ( ) Tj ET Q q 0 0 0 rg BT 510.36 405.50 Td (IN ) Tj ET Q q 0 0 0 rg BT 520.65 405.50 Td (MOLDOV) Tj ET Q q 0 0 0 rg BT 554.73 405.50 Td (A.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 386.90 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 72.82 386.90 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 371.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 371.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.34 371.30 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.26 371.30 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.81 371.30 Td ( ) Tj ET Q q 0 0 0 rg BT 102.19 371.30 Td (general ) Tj ET Q q 0 0 0 rg BT 128.11 371.30 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 174.47 371.30 Td (channel, ) Tj ET Q q 0 0 0 rg BT 203.56 371.30 Td (TV) Tj ET Q q 0 0 0 rg BT 214.08 371.30 Td ( ) Tj ET Q q 0 0 0 rg BT 216.46 371.30 Td (MARKIZA, ) Tj ET Q q 0 0 0 rg BT 258.17 371.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.10 371.30 Td (two) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.10 371.30 Td ( ) Tj ET Q q 0 0 0 rg BT 286.48 371.30 Td (other ) Tj ET Q q 0 0 0 rg BT 305.30 371.30 Td (channels, ) Tj ET Q q 0 0 0 rg BT 337.67 371.30 Td (DOMA) Tj ET Q q 0 0 0 rg BT 361.68 371.30 Td ( ) Tj ET Q q 0 0 0 rg BT 364.06 371.30 Td (\(Slovak ) Tj ET Q q 0 0 0 rg BT 391.32 371.30 Td (Republic\), ) Tj ET Q q 0 0 0 rg BT 427.25 371.30 Td (a ) Tj ET Q q 0 0 0 rg BT 433.18 371.30 Td (female-oriented ) Tj ET Q q 0 0 0 rg BT 486.20 371.30 Td (channel, ) Tj ET Q q 0 0 0 rg BT 515.46 371.30 Td (and ) Tj ET Q q 0 0 0 rg BT 529.39 371.30 Td (DAJT) Tj ET Q q 0 0 0 rg BT 548.80 371.30 Td (O, ) Tj ET Q q 0 0 0 rg BT 558.96 371.30 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 361.70 Td (male-oriented ) Tj ET Q q 0 0 0 rg BT 95.92 361.70 Td (channel.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 327.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 327.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 327.50 Td (operate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.50 327.50 Td (two) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.50 327.50 Td ( ) Tj ET Q q 0 0 0 rg BT 101.50 327.50 Td (general ) Tj ET Q q 0 0 0 rg BT 127.04 327.50 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 173.02 327.50 Td (channels, ) Tj ET Q q 0 0 0 rg BT 205.01 327.50 Td (POP) Tj ET Q q 0 0 0 rg BT 219.39 327.50 Td ( ) Tj ET Q q 0 0 0 rg BT 221.24 327.50 Td (TV) Tj ET Q q 0 0 0 rg BT 231.76 327.50 Td ( ) Tj ET Q q 0 0 0 rg BT 233.76 327.50 Td (and ) Tj ET Q q 0 0 0 rg BT 247.31 327.50 Td (KANAL) Tj ET Q q 0 0 0 rg BT 275.01 327.50 Td ( ) Tj ET Q q 0 0 0 rg BT 276.57 327.50 Td (A, ) Tj ET Q q 0 0 0 rg BT 286.35 327.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.90 327.50 Td (three) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.89 327.50 Td ( ) Tj ET Q q 0 0 0 rg BT 317.89 327.50 Td (other ) Tj ET Q q 0 0 0 rg BT 336.32 327.50 Td (channels, ) Tj ET Q q 0 0 0 rg BT 368.31 327.50 Td (KINO, ) Tj ET Q q 0 0 0 rg BT 392.31 327.50 Td (BRIO ) Tj ET Q q 0 0 0 rg BT 413.42 327.50 Td (and ) Tj ET Q q 0 0 0 rg BT 426.97 327.50 Td (OT) Tj ET Q q 0 0 0 rg BT 437.49 327.50 Td (O.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 305.90 Td (2. ) Tj ET Q q 0 0 0 rg BT 67.50 305.90 Td (BASIS ) Tj ET Q q 0 0 0 rg BT 92.63 305.90 Td (OF) Tj ET Q q 0 0 0 rg BT 103.44 305.90 Td ( ) Tj ET Q q 0 0 0 rg BT 105.44 305.90 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 141.74 305.90 Td (A) Tj ET Q q 0 0 0 rg BT 146.93 305.90 Td (TION ) Tj ET Q q 0 0 0 rg BT 168.93 305.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 188.27 305.90 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 224.87 305.90 Td (Y) Tj ET Q q 0 0 0 rg BT 230.35 305.90 Td ( ) Tj ET Q q 0 0 0 rg BT 232.35 305.90 Td (OF) Tj ET Q q 0 0 0 rg BT 243.16 305.90 Td ( ) Tj ET Q q 0 0 0 rg BT 245.16 305.90 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 298.36 305.90 Td ( ) Tj ET Q q 0 0 0 rg BT 299.92 305.90 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 357.48 305.90 Td (POLICIES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 290.30 Td (Unless ) Tj ET Q q 0 0 0 rg BT 73.21 290.30 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 106.23 290.30 Td (noted, ) Tj ET Q q 0 0 0 rg BT 127.94 290.30 Td (all ) Tj ET Q q 0 0 0 rg BT 137.86 290.30 Td (statistical ) Tj ET Q q 0 0 0 rg BT 170.00 290.30 Td (and ) Tj ET Q q 0 0 0 rg BT 183.48 290.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.39 290.30 Td (information ) Tj ET Q q 0 0 0 rg BT 253.09 290.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 285.67 290.30 Td (in ) Tj ET Q q 0 0 0 rg BT 293.82 290.30 Td (this ) Tj ET Q q 0 0 0 rg BT 307.31 290.30 Td (report ) Tj ET Q q 0 0 0 rg BT 328.34 290.30 Td (has ) Tj ET Q q 0 0 0 rg BT 340.93 290.30 Td (been ) Tj ET Q q 0 0 0 rg BT 357.96 290.30 Td (converted ) Tj ET Q q 0 0 0 rg BT 391.42 290.30 Td (into ) Tj ET Q q 0 0 0 rg BT 405.80 290.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 421.95 290.30 Td (dollars ) Tj ET Q q 0 0 0 rg BT 445.65 290.30 Td (using ) Tj ET Q q 0 0 0 rg BT 464.92 290.30 Td (period-end ) Tj ET Q q 0 0 0 rg BT 501.50 290.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 533.63 290.30 Td (rates.) Tj ET Q q 0 0 0 rg BT 552.29 290.30 Td (All ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 280.70 Td (references ) Tj ET Q q 0 0 0 rg BT 84.82 280.70 Td (to ) Tj ET Q q 0 0 0 rg BT 93.50 280.70 Td (US$, ) Tj ET Q q 0 0 0 rg BT 119.28 280.70 Td (USD ) Tj ET Q q 0 0 0 rg BT 144.84 280.70 Td (or ) Tj ET Q q 0 0 0 rg BT 153.96 280.70 Td (dollars ) Tj ET Q q 0 0 0 rg BT 185.30 280.70 Td (are ) Tj ET Q q 0 0 0 rg BT 197.52 280.70 Td (to ) Tj ET Q q 0 0 0 rg BT 206.20 280.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 222.88 280.70 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 249.11 280.70 Td (all ) Tj ET Q q 0 0 0 rg BT 259.57 280.70 Td (references ) Tj ET Q q 0 0 0 rg BT 294.88 280.70 Td (to ) Tj ET Q q 0 0 0 rg BT 303.56 280.70 Td (BGN ) Tj ET Q q 0 0 0 rg BT 330.01 280.70 Td (are ) Tj ET Q q 0 0 0 rg BT 342.23 280.70 Td (to ) Tj ET Q q 0 0 0 rg BT 350.91 280.70 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 384.92 280.70 Td (leva, ) Tj ET Q q 0 0 0 rg BT 402.70 280.70 Td (all ) Tj ET Q q 0 0 0 rg BT 413.15 280.70 Td (references ) Tj ET Q q 0 0 0 rg BT 448.47 280.70 Td (to ) Tj ET Q q 0 0 0 rg BT 457.15 280.70 Td (HRK ) Tj ET Q q 0 0 0 rg BT 483.60 280.70 Td (are ) Tj ET Q q 0 0 0 rg BT 495.82 280.70 Td (to ) Tj ET Q q 0 0 0 rg BT 504.50 280.70 Td (Croatian ) Tj ET Q q 0 0 0 rg BT 534.50 280.70 Td (kuna, ) Tj ET Q q 0 0 0 rg BT 554.51 280.70 Td (all ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (references ) Tj ET Q q 0 0 0 rg BT 84.05 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.96 271.10 Td (CZK ) Tj ET Q q 0 0 0 rg BT 116.75 271.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.20 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.11 271.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 157.79 271.10 Td (korunas, ) Tj ET Q q 0 0 0 rg BT 186.80 271.10 Td (all ) Tj ET Q q 0 0 0 rg BT 196.48 271.10 Td (references ) Tj ET Q q 0 0 0 rg BT 231.03 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.94 271.10 Td (RON ) Tj ET Q q 0 0 0 rg BT 264.62 271.10 Td (are ) Tj ET Q q 0 0 0 rg BT 276.07 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.98 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.45 271.10 Td (New ) Tj ET Q q 0 0 0 rg BT 312.24 271.10 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 346.81 271.10 Td (lei ) Tj ET Q q 0 0 0 rg BT 356.49 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.73 271.10 Td (all ) Tj ET Q q 0 0 0 rg BT 379.41 271.10 Td (references ) Tj ET Q q 0 0 0 rg BT 413.96 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.87 271.10 Td (Euro ) Tj ET Q q 0 0 0 rg BT 446.21 271.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.56 271.10 Td (EUR ) Tj ET Q q 0 0 0 rg BT 479.35 271.10 Td (are ) Tj ET Q q 0 0 0 rg BT 490.80 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.71 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.18 271.10 Td (European ) Tj ET Q q 0 0 0 rg BT 542.52 271.10 Td (Union ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 261.50 Td (Euro.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 242.90 Td (Basis ) Tj ET Q q 0 0 0 rg BT 68.84 242.90 Td (of ) Tj ET Q q 0 0 0 rg BT 77.06 242.90 Td (Consolidation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 227.30 Td (The ) Tj ET Q q 0 0 0 rg BT 62.95 227.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 104.40 227.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.40 227.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 168.18 227.30 Td (include ) Tj ET Q q 0 0 0 rg BT 192.74 227.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.53 227.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 232.53 227.30 Td (of ) Tj ET Q q 0 0 0 rg BT 240.21 227.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 258.56 227.30 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 272.68 227.30 Td (and ) Tj ET Q q 0 0 0 rg BT 285.24 227.30 Td (our ) Tj ET Q q 0 0 0 rg BT 296.92 227.30 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 337.71 227.30 Td (after ) Tj ET Q q 0 0 0 rg BT 353.38 227.30 Td (the ) Tj ET Q q 0 0 0 rg BT 364.16 227.30 Td (elimination ) Tj ET Q q 0 0 0 rg BT 401.61 227.30 Td (of ) Tj ET Q q 0 0 0 rg BT 409.29 227.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 454.29 227.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 483.29 227.30 Td (and ) Tj ET Q q 0 0 0 rg BT 495.86 227.30 Td (transactions.Entities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 217.70 Td (in ) Tj ET Q q 0 0 0 rg BT 58.42 217.70 Td (which ) Tj ET Q q 0 0 0 rg BT 80.66 217.70 Td (we ) Tj ET Q q 0 0 0 rg BT 92.68 217.70 Td (hold ) Tj ET Q q 0 0 0 rg BT 109.60 217.70 Td (less ) Tj ET Q q 0 0 0 rg BT 124.30 217.70 Td (than ) Tj ET Q q 0 0 0 rg BT 140.76 217.70 Td (a ) Tj ET Q q 0 0 0 rg BT 147.01 217.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 176.81 217.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 199.95 217.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.19 217.70 Td (but ) Tj ET Q q 0 0 0 rg BT 239.11 217.70 Td (over ) Tj ET Q q 0 0 0 rg BT 256.02 217.70 Td (which ) Tj ET Q q 0 0 0 rg BT 278.26 217.70 Td (we ) Tj ET Q q 0 0 0 rg BT 290.28 217.70 Td (have ) Tj ET Q q 0 0 0 rg BT 308.08 217.70 Td (the ) Tj ET Q q 0 0 0 rg BT 320.55 217.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 343.68 217.70 Td (to ) Tj ET Q q 0 0 0 rg BT 352.60 217.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 381.50 217.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 417.96 217.70 Td (influence ) Tj ET Q q 0 0 0 rg BT 450.42 217.70 Td (are ) Tj ET Q q 0 0 0 rg BT 462.88 217.70 Td (accounted ) Tj ET Q q 0 0 0 rg BT 498.00 217.70 Td (for ) Tj ET Q q 0 0 0 rg BT 510.02 217.70 Td (using ) Tj ET Q q 0 0 0 rg BT 530.05 217.70 Td (the ) Tj ET Q q 0 0 0 rg BT 542.52 217.70 Td (equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (method.Other ) Tj ET Q q 0 0 0 rg BT 97.71 208.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 137.93 208.10 Td (are ) Tj ET Q q 0 0 0 rg BT 149.70 208.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 184.12 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.45 208.10 Td (using ) Tj ET Q q 0 0 0 rg BT 214.79 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.56 208.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 241.45 208.10 Td (method.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 189.50 Td (Going ) Tj ET Q q 0 0 0 rg BT 71.50 189.50 Td (Concern) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 173.90 Td (These ) Tj ET Q q 0 0 0 rg BT 71.17 173.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 101.71 173.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 138.05 173.90 Td (have ) Tj ET Q q 0 0 0 rg BT 155.71 173.90 Td (been ) Tj ET Q q 0 0 0 rg BT 173.38 173.90 Td (prepared ) Tj ET Q q 0 0 0 rg BT 203.92 173.90 Td (on ) Tj ET Q q 0 0 0 rg BT 214.48 173.90 Td (a ) Tj ET Q q 0 0 0 rg BT 220.60 173.90 Td (going ) Tj ET Q q 0 0 0 rg BT 241.38 173.90 Td (concern ) Tj ET Q q 0 0 0 rg BT 269.26 173.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 289.83 173.90 Td (which ) Tj ET Q q 0 0 0 rg BT 311.94 173.90 Td (implies ) Tj ET Q q 0 0 0 rg BT 338.06 173.90 Td (that ) Tj ET Q q 0 0 0 rg BT 352.62 173.90 Td (the ) Tj ET Q q 0 0 0 rg BT 364.96 173.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.63 173.90 Td (will ) Tj ET Q q 0 0 0 rg BT 413.64 173.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 443.75 173.90 Td (to ) Tj ET Q q 0 0 0 rg BT 452.53 173.90 Td (realize ) Tj ET Q q 0 0 0 rg BT 476.41 173.90 Td (its ) Tj ET Q q 0 0 0 rg BT 486.53 173.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.76 173.90 Td (and ) Tj ET Q q 0 0 0 rg BT 521.87 173.90 Td (dischar) Tj ET Q q 0 0 0 rg BT 544.83 173.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 554.95 173.90 Td (its ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 164.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 81.86 164.30 Td (in ) Tj ET Q q 0 0 0 rg BT 90.67 164.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.03 164.30 Td (normal ) Tj ET Q q 0 0 0 rg BT 128.28 164.30 Td (course ) Tj ET Q q 0 0 0 rg BT 151.75 164.30 Td (of ) Tj ET Q q 0 0 0 rg BT 161.00 164.30 Td (business. ) Tj ET Q q 0 0 0 rg BT 192.70 164.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 207.73 164.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 245.87 164.30 Td (pricing ) Tj ET Q q 0 0 0 rg BT 271.11 164.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 305.25 164.30 Td (in ) Tj ET Q q 0 0 0 rg BT 314.06 164.30 Td (the ) Tj ET Q q 0 0 0 rg BT 326.42 164.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 349.00 164.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 380.47 164.30 Td (were ) Tj ET Q q 0 0 0 rg BT 398.60 164.30 Td (met ) Tj ET Q q 0 0 0 rg BT 413.19 164.30 Td (with ) Tj ET Q q 0 0 0 rg BT 430.00 164.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 466.35 164.30 Td (resistance ) Tj ET Q q 0 0 0 rg BT 500.48 164.30 Td (from ) Tj ET Q q 0 0 0 rg BT 518.62 164.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 542.97 164.30 Td (media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 154.70 Td (agencies ) Tj ET Q q 0 0 0 rg BT 79.14 154.70 Td (and ) Tj ET Q q 0 0 0 rg BT 92.78 154.70 Td (clients ) Tj ET Q q 0 0 0 rg BT 115.76 154.70 Td (during ) Tj ET Q q 0 0 0 rg BT 138.75 154.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 158.84 154.70 Td (and ) Tj ET Q q 0 0 0 rg BT 172.49 154.70 Td (they ) Tj ET Q q 0 0 0 rg BT 188.36 154.70 Td (held ) Tj ET Q q 0 0 0 rg BT 204.23 154.70 Td (back ) Tj ET Q q 0 0 0 rg BT 221.43 154.70 Td (some ) Tj ET Q q 0 0 0 rg BT 240.41 154.70 Td (of ) Tj ET Q q 0 0 0 rg BT 249.17 154.70 Td (their ) Tj ET Q q 0 0 0 rg BT 265.93 154.70 Td (investments ) Tj ET Q q 0 0 0 rg BT 306.25 154.70 Td (in ) Tj ET Q q 0 0 0 rg BT 314.56 154.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 352.21 154.70 Td (on ) Tj ET Q q 0 0 0 rg BT 362.30 154.70 Td (our ) Tj ET Q q 0 0 0 rg BT 375.07 154.70 Td (channels. ) Tj ET Q q 0 0 0 rg BT 407.00 154.70 Td (This ) Tj ET Q q 0 0 0 rg BT 423.32 154.70 Td (resulted ) Tj ET Q q 0 0 0 rg BT 450.74 154.70 Td (in ) Tj ET Q q 0 0 0 rg BT 459.06 154.70 Td (a ) Tj ET Q q 0 0 0 rg BT 464.71 154.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 500.57 154.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 525.77 154.70 Td (in ) Tj ET Q q 0 0 0 rg BT 534.09 154.70 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 62.99 145.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 87.88 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.82 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.09 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.80 145.10 Td (year ) Tj ET Q q 0 0 0 rg BT 128.51 145.10 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.55 145.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.35 145.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.35 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.29 145.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.90 145.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 256.38 145.10 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.54 145.10 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.54 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.48 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.97 145.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.23 145.10 Td (used ) Tj ET Q q 0 0 0 rg BT 325.84 145.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.00 145.10 Td (64.2 ) Tj ET Q q 0 0 0 rg BT 357.94 145.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.06 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.00 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.60 145.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 407.75 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.92 145.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 448.07 145.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 480.74 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 487.65 145.10 Td (e ) Tj ET Q q 0 0 0 rg BT 493.15 145.10 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.19 145.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.19 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.13 145.10 Td (with ) Tj ET Q q 0 0 0 rg BT 548.29 145.10 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 135.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.11 135.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 79.38 135.50 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 117.88 135.50 Td (of ) Tj ET Q q 0 0 0 rg BT 126.60 135.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 142.89 135.50 Td (105.0 ) Tj ET Q q 0 0 0 rg BT 162.95 135.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.06 135.50 Td (, ) Tj ET Q q 0 0 0 rg BT 190.12 135.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 223.72 135.50 Td (to ) Tj ET Q q 0 0 0 rg BT 232.00 135.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.29 135.50 Td (140.4 ) Tj ET Q q 0 0 0 rg BT 268.35 135.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.46 135.50 Td ( ) Tj ET Q q 0 0 0 rg BT 293.52 135.50 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.35 135.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 348.28 135.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.28 135.50 Td (, ) Tj ET Q q 0 0 0 rg BT 368.34 135.50 Td (and ) Tj ET Q q 0 0 0 rg BT 381.95 135.50 Td (our ) Tj ET Q q 0 0 0 rg BT 394.67 135.50 Td (accounts ) Tj ET Q q 0 0 0 rg BT 424.72 135.50 Td (payable ) Tj ET Q q 0 0 0 rg BT 451.66 135.50 Td (and ) Tj ET Q q 0 0 0 rg BT 465.27 135.50 Td (accrued ) Tj ET Q q 0 0 0 rg BT 492.19 135.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 524.03 135.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 556.29 135.50 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 125.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.73 125.90 Td (296.4 ) Tj ET Q q 0 0 0 rg BT 85.73 125.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.84 125.90 Td ( ) Tj ET Q q 0 0 0 rg BT 110.84 125.90 Td (at ) Tj ET Q q 0 0 0 rg BT 118.61 125.90 Td (December ) Tj ET Q q 0 0 0 rg BT 153.48 125.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 165.48 125.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 183.48 125.90 Td (from ) Tj ET Q q 0 0 0 rg BT 201.03 125.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.26 125.90 Td (255.7 ) Tj ET Q q 0 0 0 rg BT 237.26 125.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.37 125.90 Td ( ) Tj ET Q q 0 0 0 rg BT 262.37 125.90 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.14 125.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 317.01 125.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.01 125.90 Td ( ) Tj ET Q q 0 0 0 rg BT 335.01 125.90 Td (and ) Tj ET Q q 0 0 0 rg BT 348.56 125.90 Td (from ) Tj ET Q q 0 0 0 rg BT 366.11 125.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.34 125.90 Td (240.0 ) Tj ET Q q 0 0 0 rg BT 402.34 125.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.45 125.90 Td ( ) Tj ET Q q 0 0 0 rg BT 427.45 125.90 Td (in ) Tj ET Q q 0 0 0 rg BT 435.68 125.90 Td (at ) Tj ET Q q 0 0 0 rg BT 443.45 125.90 Td (December ) Tj ET Q q 0 0 0 rg BT 478.32 125.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 490.32 125.90 Td (201) Tj ET Q q 0 0 0 rg BT 502.02 125.90 Td (1.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 723.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.63 723.50 Td (expect ) Tj ET Q q 0 0 0 rg BT 84.18 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 95.63 723.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 119.07 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 127.41 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 138.85 723.50 Td (challenging ) Tj ET Q q 0 0 0 rg BT 177.85 723.50 Td (environment ) Tj ET Q q 0 0 0 rg BT 219.95 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 227.85 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.29 723.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 260.96 723.50 Td (Republic ) Tj ET Q q 0 0 0 rg BT 291.51 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 299.41 723.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 328.63 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 336.96 723.50 Td (we ) Tj ET Q q 0 0 0 rg BT 347.96 723.50 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 378.95 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 386.85 723.50 Td (attract ) Tj ET Q q 0 0 0 rg BT 408.51 723.50 Td (back ) Tj ET Q q 0 0 0 rg BT 425.28 723.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 462.50 723.50 Td (clients ) Tj ET Q q 0 0 0 rg BT 485.06 723.50 Td (while ) Tj ET Q q 0 0 0 rg BT 504.50 723.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 540.39 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 548.29 723.50 Td (seek ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (improvements ) Tj ET Q q 0 0 0 rg BT 97.43 713.90 Td (in ) Tj ET Q q 0 0 0 rg BT 105.81 713.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 130.63 713.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 164.32 713.90 Td (to ) Tj ET Q q 0 0 0 rg BT 172.71 713.90 Td (2012. ) Tj ET Q q 0 0 0 rg BT 192.71 713.90 Td (W) Tj ET Q q 0 0 0 rg BT 199.62 713.90 Td (e ) Tj ET Q q 0 0 0 rg BT 205.33 713.90 Td (have ) Tj ET Q q 0 0 0 rg BT 222.59 713.90 Td (been ) Tj ET Q q 0 0 0 rg BT 239.85 713.90 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 275.32 713.90 Td (options ) Tj ET Q q 0 0 0 rg BT 301.04 713.90 Td (to ) Tj ET Q q 0 0 0 rg BT 309.42 713.90 Td (improve ) Tj ET Q q 0 0 0 rg BT 338.24 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 351.06 713.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 380.33 713.90 Td (in ) Tj ET Q q 0 0 0 rg BT 388.72 713.90 Td (light ) Tj ET Q q 0 0 0 rg BT 405.54 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 414.36 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 427.19 713.90 Td (results ) Tj ET Q q 0 0 0 rg BT 450.23 713.90 Td (for ) Tj ET Q q 0 0 0 rg BT 461.72 713.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 481.88 713.90 Td (our ) Tj ET Q q 0 0 0 rg BT 494.70 713.90 Td (outlook ) Tj ET Q q 0 0 0 rg BT 521.30 713.90 Td (for ) Tj ET Q q 0 0 0 rg BT 532.79 713.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 550.95 713.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (our ) Tj ET Q q 0 0 0 rg BT 62.63 704.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 78.88 704.30 Td (to ) Tj ET Q q 0 0 0 rg BT 87.57 704.30 Td (improve ) Tj ET Q q 0 0 0 rg BT 116.70 704.30 Td (our ) Tj ET Q q 0 0 0 rg BT 129.83 704.30 Td (payables ) Tj ET Q q 0 0 0 rg BT 160.29 704.30 Td (position. ) Tj ET Q q 0 0 0 rg BT 190.54 704.30 Td (In ) Tj ET Q q 0 0 0 rg BT 199.67 704.30 Td (this ) Tj ET Q q 0 0 0 rg BT 213.70 704.30 Td (respect, ) Tj ET Q q 0 0 0 rg BT 240.82 704.30 Td (following ) Tj ET Q q 0 0 0 rg BT 274.39 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.64 704.30 Td (end ) Tj ET Q q 0 0 0 rg BT 300.66 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 309.79 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 322.03 704.30 Td (third ) Tj ET Q q 0 0 0 rg BT 339.61 704.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 364.73 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 373.86 704.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 392.33 704.30 Td (we ) Tj ET Q q 0 0 0 rg BT 404.13 704.30 Td (began ) Tj ET Q q 0 0 0 rg BT 425.70 704.30 Td (discussions ) Tj ET Q q 0 0 0 rg BT 464.62 704.30 Td (with ) Tj ET Q q 0 0 0 rg BT 481.13 704.30 Td (T) Tj ET Q q 0 0 0 rg BT 485.74 704.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 500.02 704.30 Td (W) Tj ET Q q 0 0 0 rg BT 506.93 704.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 525.83 704.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 558.95 704.30 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 79.36 694.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 102.55 694.70 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 141.52 694.70 Td (including ) Tj ET Q q 0 0 0 rg BT 173.61 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 185.25 694.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 215.11 694.70 Td (issuance ) Tj ET Q q 0 0 0 rg BT 244.08 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 252.61 694.70 Td (debt, ) Tj ET Q q 0 0 0 rg BT 270.26 694.70 Td (to ) Tj ET Q q 0 0 0 rg BT 278.35 694.70 Td (address ) Tj ET Q q 0 0 0 rg BT 304.21 694.70 Td (our ) Tj ET Q q 0 0 0 rg BT 316.74 694.70 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 345.72 694.70 Td (position. ) Tj ET Q q 0 0 0 rg BT 375.38 694.70 Td (Following ) Tj ET Q q 0 0 0 rg BT 410.14 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.78 694.70 Td (publication ) Tj ET Q q 0 0 0 rg BT 459.64 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 468.18 694.70 Td (our ) Tj ET Q q 0 0 0 rg BT 480.71 694.70 Td (third ) Tj ET Q q 0 0 0 rg BT 497.69 694.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 522.21 694.70 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 553.18 694.70 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 685.10 Td (held ) Tj ET Q q 0 0 0 rg BT 65.02 685.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 92.53 685.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 123.16 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 139.12 685.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 162.63 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.03 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.44 685.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 198.95 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.25 685.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 233.98 685.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 266.49 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.40 685.10 Td (e ) Tj ET Q q 0 0 0 rg BT 278.69 685.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 322.21 685.10 Td (began ) Tj ET Q q 0 0 0 rg BT 343.05 685.10 Td (exploring ) Tj ET Q q 0 0 0 rg BT 375.45 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.97 685.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 424.70 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.10 685.10 Td (other ) Tj ET Q q 0 0 0 rg BT 451.28 685.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 483.24 685.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 510.54 685.10 Td (including ) Tj ET Q q 0 0 0 rg BT 542.50 685.10 Td (equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 675.50 Td (financing, ) Tj ET Q q 0 0 0 rg BT 84.18 675.50 Td (a ) Tj ET Q q 0 0 0 rg BT 90.19 675.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 132.65 675.50 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 675.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 158.02 675.50 Td (and ) Tj ET Q q 0 0 0 rg BT 172.03 675.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 194.49 675.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 227.17 675.50 Td (and ) Tj ET Q q 0 0 0 rg BT 241.18 675.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 259.20 675.50 Td (sales. ) Tj ET Q q 0 0 0 rg BT 279.21 675.50 Td (Based ) Tj ET Q q 0 0 0 rg BT 301.23 675.50 Td (on ) Tj ET Q q 0 0 0 rg BT 311.70 675.50 Td (information ) Tj ET Q q 0 0 0 rg BT 351.93 675.50 Td (received ) Tj ET Q q 0 0 0 rg BT 381.48 675.50 Td (during ) Tj ET Q q 0 0 0 rg BT 404.84 675.50 Td (our ) Tj ET Q q 0 0 0 rg BT 417.96 675.50 Td (investor ) Tj ET Q q 0 0 0 rg BT 446.20 675.50 Td (meetings ) Tj ET Q q 0 0 0 rg BT 477.55 675.50 Td (and ) Tj ET Q q 0 0 0 rg BT 491.57 675.50 Td (the ) Tj ET Q q 0 0 0 rg BT 503.80 675.50 Td (exploration ) Tj ET Q q 0 0 0 rg BT 542.70 675.50 Td (of ) Tj ET Q q 0 0 0 rg BT 551.83 675.50 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 665.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 81.76 665.90 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 122.67 665.90 Td (we ) Tj ET Q q 0 0 0 rg BT 134.05 665.90 Td (concluded ) Tj ET Q q 0 0 0 rg BT 168.97 665.90 Td (that ) Tj ET Q q 0 0 0 rg BT 183.01 665.90 Td (any ) Tj ET Q q 0 0 0 rg BT 196.61 665.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 228.86 665.90 Td (involving ) Tj ET Q q 0 0 0 rg BT 261.58 665.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 283.62 665.90 Td (was ) Tj ET Q q 0 0 0 rg BT 298.11 665.90 Td (not ) Tj ET Q q 0 0 0 rg BT 310.38 665.90 Td (viable ) Tj ET Q q 0 0 0 rg BT 331.97 665.90 Td (without ) Tj ET Q q 0 0 0 rg BT 358.46 665.90 Td (the ) Tj ET Q q 0 0 0 rg BT 370.28 665.90 Td (upfront ) Tj ET Q q 0 0 0 rg BT 395.88 665.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.69 665.90 Td (committed ) Tj ET Q q 0 0 0 rg BT 467.95 665.90 Td (participation ) Tj ET Q q 0 0 0 rg BT 510.43 665.90 Td (of ) Tj ET Q q 0 0 0 rg BT 518.99 665.90 Td (T) Tj ET Q q 0 0 0 rg BT 523.60 665.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 537.49 665.90 Td (W) Tj ET Q q 0 0 0 rg BT 544.40 665.90 Td (arner) Tj ET Q q 0 0 0 rg BT 560.51 665.90 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 656.30 Td (which ) Tj ET Q q 0 0 0 rg BT 70.61 656.30 Td (T) Tj ET Q q 0 0 0 rg BT 75.21 656.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 88.77 656.30 Td (W) Tj ET Q q 0 0 0 rg BT 95.68 656.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 113.78 656.30 Td (did ) Tj ET Q q 0 0 0 rg BT 125.68 656.30 Td (not ) Tj ET Q q 0 0 0 rg BT 137.58 656.30 Td (provide. ) Tj ET Q q 0 0 0 rg BT 165.70 656.30 Td (In ) Tj ET Q q 0 0 0 rg BT 174.04 656.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 203.94 656.30 Td (we ) Tj ET Q q 0 0 0 rg BT 214.94 656.30 Td (received ) Tj ET Q q 0 0 0 rg BT 243.71 656.30 Td (proposals ) Tj ET Q q 0 0 0 rg BT 276.05 656.30 Td (from ) Tj ET Q q 0 0 0 rg BT 293.28 656.30 Td (several ) Tj ET Q q 0 0 0 rg BT 317.61 656.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 347.28 656.30 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 383.17 656.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 415.50 656.30 Td (the ) Tj ET Q q 0 0 0 rg BT 426.95 656.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 463.73 656.30 Td (of ) Tj ET Q q 0 0 0 rg BT 472.07 656.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 495.51 656.30 Td (assets. ) Tj ET Q q 0 0 0 rg BT 517.73 656.30 Td (The ) Tj ET Q q 0 0 0 rg BT 531.85 656.30 Td (proposals ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 646.70 Td (we ) Tj ET Q q 0 0 0 rg BT 60.44 646.70 Td (received, ) Tj ET Q q 0 0 0 rg BT 91.14 646.70 Td (however) Tj ET Q q 0 0 0 rg BT 118.36 646.70 Td (, ) Tj ET Q q 0 0 0 rg BT 121.97 646.70 Td (were ) Tj ET Q q 0 0 0 rg BT 139.13 646.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 170.50 646.70 Td (from ) Tj ET Q q 0 0 0 rg BT 187.66 646.70 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 231.49 646.70 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 267.30 646.70 Td (who ) Tj ET Q q 0 0 0 rg BT 282.69 646.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 312.73 646.70 Td (to ) Tj ET Q q 0 0 0 rg BT 320.56 646.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 350.60 646.70 Td (such ) Tj ET Q q 0 0 0 rg BT 366.88 646.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 387.15 646.70 Td (at ) Tj ET Q q 0 0 0 rg BT 394.53 646.70 Td (a ) Tj ET Q q 0 0 0 rg BT 399.70 646.70 Td (substantial ) Tj ET Q q 0 0 0 rg BT 435.52 646.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 464.24 646.70 Td (to ) Tj ET Q q 0 0 0 rg BT 472.08 646.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.46 646.70 Td (value ) Tj ET Q q 0 0 0 rg BT 502.40 646.70 Td (of ) Tj ET Q q 0 0 0 rg BT 510.67 646.70 Td (these ) Tj ET Q q 0 0 0 rg BT 528.72 646.70 Td (businesses ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (or ) Tj ET Q q 0 0 0 rg BT 58.16 637.10 Td (such ) Tj ET Q q 0 0 0 rg BT 74.83 637.10 Td (of) Tj ET Q q 0 0 0 rg BT 81.35 637.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 95.34 637.10 Td (came ) Tj ET Q q 0 0 0 rg BT 114.21 637.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.44 637.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 166.21 637.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 189.10 637.10 Td (or ) Tj ET Q q 0 0 0 rg BT 197.76 637.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 230.86 637.10 Td (risk.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 621.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 621.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.73 621.50 Td (have ) Tj ET Q q 0 0 0 rg BT 78.60 621.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 103.91 621.50 Td (into ) Tj ET Q q 0 0 0 rg BT 118.12 621.50 Td (a ) Tj ET Q q 0 0 0 rg BT 123.44 621.50 Td (framework ) Tj ET Q q 0 0 0 rg BT 160.30 621.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 195.38 621.50 Td (with ) Tj ET Q q 0 0 0 rg BT 211.25 621.50 Td (T) Tj ET Q q 0 0 0 rg BT 215.85 621.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 229.49 621.50 Td (W) Tj ET Q q 0 0 0 rg BT 236.40 621.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 254.60 621.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 283.92 621.50 Td (to ) Tj ET Q q 0 0 0 rg BT 291.91 621.50 Td (which ) Tj ET Q q 0 0 0 rg BT 313.23 621.50 Td (we ) Tj ET Q q 0 0 0 rg BT 324.32 621.50 Td (and ) Tj ET Q q 0 0 0 rg BT 337.52 621.50 Td (T) Tj ET Q q 0 0 0 rg BT 342.12 621.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 355.76 621.50 Td (W) Tj ET Q q 0 0 0 rg BT 362.67 621.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 380.87 621.50 Td (have ) Tj ET Q q 0 0 0 rg BT 397.74 621.50 Td (committed ) Tj ET Q q 0 0 0 rg BT 433.72 621.50 Td (to ) Tj ET Q q 0 0 0 rg BT 441.71 621.50 Td (undertake ) Tj ET Q q 0 0 0 rg BT 475.02 621.50 Td (a ) Tj ET Q q 0 0 0 rg BT 480.34 621.50 Td (series ) Tj ET Q q 0 0 0 rg BT 500.32 621.50 Td (of ) Tj ET Q q 0 0 0 rg BT 508.75 621.50 Td (related ) Tj ET Q q 0 0 0 rg BT 532.28 621.50 Td (financing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 611.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 89.52 611.90 Td (as ) Tj ET Q q 0 0 0 rg BT 98.00 611.90 Td (described ) Tj ET Q q 0 0 0 rg BT 130.46 611.90 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.50 611.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 155.86 611.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 167.68 611.90 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 209.64 611.90 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.68 611.90 Td (. ) Tj ET Q q 0 0 0 rg BT 238.49 611.90 Td (Once ) Tj ET Q q 0 0 0 rg BT 257.18 611.90 Td (closed, ) Tj ET Q q 0 0 0 rg BT 281.43 611.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.02 611.90 Td (financing ) Tj ET Q q 0 0 0 rg BT 325.04 611.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 365.07 611.90 Td (are ) Tj ET Q q 0 0 0 rg BT 376.64 611.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 406.88 611.90 Td (to ) Tj ET Q q 0 0 0 rg BT 414.92 611.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 441.17 611.90 Td (us ) Tj ET Q q 0 0 0 rg BT 450.09 611.90 Td (with ) Tj ET Q q 0 0 0 rg BT 466.13 611.90 Td (suf) Tj ET Q q 0 0 0 rg BT 475.76 611.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 498.01 611.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 526.93 611.90 Td (to ) Tj ET Q q 0 0 0 rg BT 534.97 611.90 Td (continue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 602.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 81.83 602.30 Td (as ) Tj ET Q q 0 0 0 rg BT 90.60 602.30 Td (a ) Tj ET Q q 0 0 0 rg BT 96.27 602.30 Td (going ) Tj ET Q q 0 0 0 rg BT 116.61 602.30 Td (concern ) Tj ET Q q 0 0 0 rg BT 144.04 602.30 Td (for ) Tj ET Q q 0 0 0 rg BT 155.48 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.37 602.30 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 205.90 602.30 Td (future, ) Tj ET Q q 0 0 0 rg BT 229.11 602.30 Td (however ) Tj ET Q q 0 0 0 rg BT 258.77 602.30 Td (completion ) Tj ET Q q 0 0 0 rg BT 296.88 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 305.66 602.30 Td (the ) Tj ET Q q 0 0 0 rg BT 317.54 602.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 357.87 602.30 Td (is ) Tj ET Q q 0 0 0 rg BT 365.32 602.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 390.09 602.30 Td (to ) Tj ET Q q 0 0 0 rg BT 398.43 602.30 Td (a ) Tj ET Q q 0 0 0 rg BT 404.10 602.30 Td (number ) Tj ET Q q 0 0 0 rg BT 430.65 602.30 Td (of ) Tj ET Q q 0 0 0 rg BT 439.43 602.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 463.31 602.30 Td (outside ) Tj ET Q q 0 0 0 rg BT 488.53 602.30 Td (our ) Tj ET Q q 0 0 0 rg BT 501.31 602.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 521.63 602.30 Td (control. ) Tj ET Q q 0 0 0 rg BT 547.94 602.30 Td (As ) Tj ET Q q 0 0 0 rg BT 558.95 602.30 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 592.70 Td (result, ) Tj ET Q q 0 0 0 rg BT 71.39 592.70 Td (there ) Tj ET Q q 0 0 0 rg BT 89.49 592.70 Td (can ) Tj ET Q q 0 0 0 rg BT 102.71 592.70 Td (be ) Tj ET Q q 0 0 0 rg BT 112.37 592.70 Td (no ) Tj ET Q q 0 0 0 rg BT 122.49 592.70 Td (assurance ) Tj ET Q q 0 0 0 rg BT 155.69 592.70 Td (that ) Tj ET Q q 0 0 0 rg BT 169.80 592.70 Td (we ) Tj ET Q q 0 0 0 rg BT 181.25 592.70 Td (will ) Tj ET Q q 0 0 0 rg BT 195.81 592.70 Td (be ) Tj ET Q q 0 0 0 rg BT 205.47 592.70 Td (able ) Tj ET Q q 0 0 0 rg BT 220.91 592.70 Td (to ) Tj ET Q q 0 0 0 rg BT 229.25 592.70 Td (close ) Tj ET Q q 0 0 0 rg BT 247.80 592.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.69 592.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 300.01 592.70 Td (and ) Tj ET Q q 0 0 0 rg BT 313.68 592.70 Td (if ) Tj ET Q q 0 0 0 rg BT 320.68 592.70 Td (we ) Tj ET Q q 0 0 0 rg BT 332.12 592.70 Td (are ) Tj ET Q q 0 0 0 rg BT 344.00 592.70 Td (unable ) Tj ET Q q 0 0 0 rg BT 367.44 592.70 Td (to ) Tj ET Q q 0 0 0 rg BT 375.77 592.70 Td (secure ) Tj ET Q q 0 0 0 rg BT 398.32 592.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 432.42 592.70 Td (financing, ) Tj ET Q q 0 0 0 rg BT 466.75 592.70 Td (we ) Tj ET Q q 0 0 0 rg BT 478.19 592.70 Td (will ) Tj ET Q q 0 0 0 rg BT 492.75 592.70 Td (be ) Tj ET Q q 0 0 0 rg BT 502.42 592.70 Td (unable ) Tj ET Q q 0 0 0 rg BT 525.86 592.70 Td (to ) Tj ET Q q 0 0 0 rg BT 534.19 592.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 551.85 592.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 583.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 65.27 583.10 Td (service ) Tj ET Q q 0 0 0 rg BT 89.93 583.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 127.48 583.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.03 583.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 172.79 583.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 189.46 583.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.12 583.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 237.45 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.67 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.44 583.10 Td (middle ) Tj ET Q q 0 0 0 rg BT 281.66 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.32 583.10 Td (2014.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 567.50 Td (The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 548.90 Td (Reclassifications) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (Certain ) Tj ET Q q 0 0 0 rg BT 76.05 533.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 106.16 533.30 Td (included ) Tj ET Q q 0 0 0 rg BT 136.71 533.30 Td (in ) Tj ET Q q 0 0 0 rg BT 145.94 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 158.71 533.30 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 208.37 533.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 251.80 533.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.79 533.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 319.56 533.30 Td (have ) Tj ET Q q 0 0 0 rg BT 337.67 533.30 Td (been ) Tj ET Q q 0 0 0 rg BT 355.77 533.30 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 395.20 533.30 Td (to ) Tj ET Q q 0 0 0 rg BT 404.42 533.30 Td (conform ) Tj ET Q q 0 0 0 rg BT 434.53 533.30 Td (to ) Tj ET Q q 0 0 0 rg BT 443.75 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 456.53 533.30 Td (current ) Tj ET Q q 0 0 0 rg BT 482.19 533.30 Td (year ) Tj ET Q q 0 0 0 rg BT 498.96 533.30 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 543.06 533.30 Td (In ) Tj ET Q q 0 0 0 rg BT 552.72 533.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 523.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.54 523.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 126.91 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 135.18 523.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 151.00 523.70 Td (flows, ) Tj ET Q q 0 0 0 rg BT 172.39 523.70 Td (we ) Tj ET Q q 0 0 0 rg BT 183.32 523.70 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 221.35 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 232.73 523.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 274.77 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 283.04 523.70 Td (production ) Tj ET Q q 0 0 0 rg BT 319.30 523.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 336.91 523.70 Td (from ) Tj ET Q q 0 0 0 rg BT 354.06 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 523.70 Td (net ) Tj ET Q q 0 0 0 rg BT 376.82 523.70 Td (change ) Tj ET Q q 0 0 0 rg BT 401.08 523.70 Td (in ) Tj ET Q q 0 0 0 rg BT 408.91 523.70 Td (program ) Tj ET Q q 0 0 0 rg BT 437.61 523.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 457.44 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 465.27 523.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 507.30 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 515.57 523.70 Td (program ) Tj ET Q q 0 0 0 rg BT 544.28 523.70 Td (rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 65.40 514.10 Td (no ) Tj ET Q q 0 0 0 rg BT 75.08 514.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 98.53 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.21 514.10 Td (net ) Tj ET Q q 0 0 0 rg BT 119.67 514.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.56 514.10 Td (used ) Tj ET Q q 0 0 0 rg BT 151.91 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.81 514.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 191.70 514.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 224.26 514.10 Td (During ) Tj ET Q q 0 0 0 rg BT 248.61 514.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 268.29 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 279.30 514.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 313.40 514.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 345.74 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.19 514.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 371.32 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.00 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.46 514.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 443.46 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.81 514.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 467.26 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.17 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.62 514.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 528.74 514.10 Td (statements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 504.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 504.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.49 504.50 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 504.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 157.46 504.50 Td (income. ) Tj ET Q q 0 0 0 rg BT 184.87 504.50 Td (The ) Tj ET Q q 0 0 0 rg BT 199.30 504.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 213.75 504.50 Td (on ) Tj ET Q q 0 0 0 rg BT 223.75 504.50 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 275.08 504.50 Td (of ) Tj ET Q q 0 0 0 rg BT 283.75 504.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 299.52 504.50 Td (was ) Tj ET Q q 0 0 0 rg BT 313.96 504.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 349.73 504.50 Td (presented ) Tj ET Q q 0 0 0 rg BT 382.39 504.50 Td (as ) Tj ET Q q 0 0 0 rg BT 391.05 504.50 Td (a ) Tj ET Q q 0 0 0 rg BT 396.60 504.50 Td (component ) Tj ET Q q 0 0 0 rg BT 434.15 504.50 Td (of ) Tj ET Q q 0 0 0 rg BT 442.81 504.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.36 504.50 Td (expense.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 485.90 Td (Use ) Tj ET Q q 0 0 0 rg BT 63.94 485.90 Td (of ) Tj ET Q q 0 0 0 rg BT 72.16 485.90 Td (Estimates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 470.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.50 470.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 103.48 470.30 Td (of ) Tj ET Q q 0 0 0 rg BT 112.71 470.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.25 470.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 179.58 470.30 Td (in ) Tj ET Q q 0 0 0 rg BT 188.36 470.30 Td (conformity ) Tj ET Q q 0 0 0 rg BT 226.47 470.30 Td (with ) Tj ET Q q 0 0 0 rg BT 243.25 470.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 280.91 470.30 Td (principles ) Tj ET Q q 0 0 0 rg BT 315.01 470.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 347.33 470.30 Td (accepted ) Tj ET Q q 0 0 0 rg BT 377.87 470.30 Td (in ) Tj ET Q q 0 0 0 rg BT 386.65 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 398.99 470.30 Td (United ) Tj ET Q q 0 0 0 rg BT 423.32 470.30 Td (States ) Tj ET Q q 0 0 0 rg BT 444.99 470.30 Td (of ) Tj ET Q q 0 0 0 rg BT 453.65 470.30 Td (America ) Tj ET Q q 0 0 0 rg BT 483.75 470.30 Td (\("U.S. ) Tj ET Q q 0 0 0 rg BT 506.46 470.30 Td (GAAP"\) ) Tj ET Q q 0 0 0 rg BT 536.73 470.30 Td (requires ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 460.70 Td (management ) Tj ET Q q 0 0 0 rg BT 92.44 460.70 Td (to ) Tj ET Q q 0 0 0 rg BT 100.72 460.70 Td (make ) Tj ET Q q 0 0 0 rg BT 120.11 460.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 151.95 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 165.57 460.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 207.19 460.70 Td (that ) Tj ET Q q 0 0 0 rg BT 221.25 460.70 Td (af) Tj ET Q q 0 0 0 rg BT 227.32 460.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 241.38 460.70 Td (the ) Tj ET Q q 0 0 0 rg BT 253.21 460.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 281.93 460.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 311.11 460.70 Td (of ) Tj ET Q q 0 0 0 rg BT 319.84 460.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.57 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 354.18 460.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 386.02 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 399.64 460.70 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 434.14 460.70 Td (of ) Tj ET Q q 0 0 0 rg BT 442.87 460.70 Td (contingent ) Tj ET Q q 0 0 0 rg BT 478.70 460.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 499.43 460.70 Td (and ) Tj ET Q q 0 0 0 rg BT 513.05 460.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 544.89 460.70 Td (at ) Tj ET Q q 0 0 0 rg BT 552.73 460.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 451.10 Td (date ) Tj ET Q q 0 0 0 rg BT 64.96 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 73.77 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.68 451.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.81 451.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 151.72 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.41 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.32 451.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 206.12 451.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 235.37 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.17 451.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.74 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.43 451.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 319.45 451.10 Td (during ) Tj ET Q q 0 0 0 rg BT 342.48 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.39 451.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 385.86 451.10 Td (period.) Tj ET Q q 0 0 0 rg BT 409.86 451.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 433.32 451.10 Td (results ) Tj ET Q q 0 0 0 rg BT 456.35 451.10 Td (could ) Tj ET Q q 0 0 0 rg BT 476.26 451.10 Td (dif) Tj ET Q q 0 0 0 rg BT 485.00 451.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 496.02 451.10 Td (from ) Tj ET Q q 0 0 0 rg BT 513.71 451.10 Td (those ) Tj ET Q q 0 0 0 rg BT 532.74 451.10 Td (estimates ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 441.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 441.50 Td (assumptions. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 425.90 Td (These ) Tj ET Q q 0 0 0 rg BT 70.60 425.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 100.59 425.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 136.36 425.90 Td (have ) Tj ET Q q 0 0 0 rg BT 153.46 425.90 Td (been ) Tj ET Q q 0 0 0 rg BT 170.56 425.90 Td (prepared ) Tj ET Q q 0 0 0 rg BT 200.54 425.90 Td (in ) Tj ET Q q 0 0 0 rg BT 208.76 425.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 246.73 425.90 Td (with ) Tj ET Q q 0 0 0 rg BT 262.95 425.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 279.18 425.90 Td (GAAP) Tj ET Q q 0 0 0 rg BT 300.07 425.90 Td (. ) Tj ET Q q 0 0 0 rg BT 303.93 425.90 Td (The ) Tj ET Q q 0 0 0 rg BT 318.37 425.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 354.14 425.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 391.23 425.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 418.12 425.90 Td (are ) Tj ET Q q 0 0 0 rg BT 429.88 425.90 Td (summarized ) Tj ET Q q 0 0 0 rg BT 470.98 425.90 Td (as ) Tj ET Q q 0 0 0 rg BT 479.64 425.90 Td (follows:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 407.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 80.83 407.30 Td (Recognition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 391.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 79.50 391.70 Td (is ) Tj ET Q q 0 0 0 rg BT 86.85 391.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 123.96 391.70 Td (when ) Tj ET Q q 0 0 0 rg BT 143.30 391.70 Td (there ) Tj ET Q q 0 0 0 rg BT 161.30 391.70 Td (is ) Tj ET Q q 0 0 0 rg BT 168.65 391.70 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 204.43 391.70 Td (evidence ) Tj ET Q q 0 0 0 rg BT 234.87 391.70 Td (of ) Tj ET Q q 0 0 0 rg BT 243.54 391.70 Td (an ) Tj ET Q q 0 0 0 rg BT 253.11 391.70 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 297.10 391.70 Td (delivery ) Tj ET Q q 0 0 0 rg BT 325.32 391.70 Td (of ) Tj ET Q q 0 0 0 rg BT 334.00 391.70 Td (products ) Tj ET Q q 0 0 0 rg BT 363.57 391.70 Td (has ) Tj ET Q q 0 0 0 rg BT 376.24 391.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 406.24 391.70 Td (or ) Tj ET Q q 0 0 0 rg BT 414.92 391.70 Td (services ) Tj ET Q q 0 0 0 rg BT 442.70 391.70 Td (have ) Tj ET Q q 0 0 0 rg BT 459.81 391.70 Td (been ) Tj ET Q q 0 0 0 rg BT 476.93 391.70 Td (rendered, ) Tj ET Q q 0 0 0 rg BT 508.92 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 520.71 391.70 Td (price ) Tj ET Q q 0 0 0 rg BT 538.71 391.70 Td (is ) Tj ET Q q 0 0 0 rg BT 546.06 391.70 Td (fixed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 57.87 382.10 Td (determinable ) Tj ET Q q 0 0 0 rg BT 101.33 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.59 382.10 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 156.73 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.77 382.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 200.13 382.10 Td (assured. ) Tj ET Q q 0 0 0 rg BT 227.45 382.10 Td (A) Tj ET Q q 0 0 0 rg BT 232.79 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.49 382.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 247.75 382.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 263.23 382.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 295.16 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 302.20 382.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 339.45 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 350.48 382.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 382.85 382.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 403.67 382.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 433.37 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 450.63 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.00 382.10 Td (customers' ) Tj ET Q q 0 0 0 rg BT 498.58 382.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 535.84 382.10 Td (inability ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 372.50 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 372.50 Td (make ) Tj ET Q q 0 0 0 rg BT 77.05 372.50 Td (payments.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 356.90 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 82.67 356.90 Td (are ) Tj ET Q q 0 0 0 rg BT 94.51 356.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 131.67 356.90 Td (net ) Tj ET Q q 0 0 0 rg BT 143.51 356.90 Td (of ) Tj ET Q q 0 0 0 rg BT 152.25 356.90 Td (discounts ) Tj ET Q q 0 0 0 rg BT 184.54 356.90 Td (and ) Tj ET Q q 0 0 0 rg BT 198.16 356.90 Td (customer ) Tj ET Q q 0 0 0 rg BT 229.55 356.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 247.18 356.90 Td (incentives. ) Tj ET Q q 0 0 0 rg BT 283.68 356.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 298.19 356.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 328.70 356.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 356.08 356.90 Td (streams ) Tj ET Q q 0 0 0 rg BT 382.59 356.90 Td (and ) Tj ET Q q 0 0 0 rg BT 396.21 356.90 Td (their ) Tj ET Q q 0 0 0 rg BT 412.94 356.90 Td (respective ) Tj ET Q q 0 0 0 rg BT 447.44 356.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 484.61 356.90 Td (treatments ) Tj ET Q q 0 0 0 rg BT 520.00 356.90 Td (are ) Tj ET Q q 0 0 0 rg BT 531.83 356.90 Td (discussed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 347.30 Td (below:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 328.70 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 88.38 328.70 Td (r) Tj ET Q q 0 0 0 rg BT 91.20 328.70 Td (evenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 83.04 313.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 115.25 313.10 Td (result ) Tj ET Q q 0 0 0 rg BT 135.47 313.10 Td (from ) Tj ET Q q 0 0 0 rg BT 153.46 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.67 313.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 180.55 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.65 313.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 227.64 313.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 246.12 313.10 Td (T) Tj ET Q q 0 0 0 rg BT 250.45 313.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 281.77 313.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 319.76 313.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 347.52 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 355.30 313.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 392.83 313.10 Td (as ) Tj ET Q q 0 0 0 rg BT 401.93 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.14 313.10 Td (commercials ) Tj ET Q q 0 0 0 rg BT 457.46 313.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.66 313.10 Td (aired. ) Tj ET Q q 0 0 0 rg BT 490.09 313.10 Td (In ) Tj ET Q q 0 0 0 rg BT 499.19 313.10 Td (many ) Tj ET Q q 0 0 0 rg BT 519.41 313.10 Td (countries, ) Tj ET Q q 0 0 0 rg BT 553.17 313.10 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 303.50 Td (commit ) Tj ET Q q 0 0 0 rg BT 76.20 303.50 Td (to ) Tj ET Q q 0 0 0 rg BT 84.67 303.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 111.37 303.50 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 148.27 303.50 Td (with ) Tj ET Q q 0 0 0 rg BT 164.75 303.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 188.77 303.50 Td (rating ) Tj ET Q q 0 0 0 rg BT 209.68 303.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 230.60 303.50 Td (in ) Tj ET Q q 0 0 0 rg BT 239.08 303.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 276.43 303.50 Td (with ) Tj ET Q q 0 0 0 rg BT 292.91 303.50 Td (their ) Tj ET Q q 0 0 0 rg BT 309.82 303.50 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 349.62 303.50 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 379.87 303.50 Td (is ) Tj ET Q q 0 0 0 rg BT 387.46 303.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.69 303.50 Td (net ) Tj ET Q q 0 0 0 rg BT 429.72 303.50 Td (of ) Tj ET Q q 0 0 0 rg BT 438.64 303.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 471.55 303.50 Td (shortfalls, ) Tj ET Q q 0 0 0 rg BT 505.58 303.50 Td (which ) Tj ET Q q 0 0 0 rg BT 527.38 303.50 Td (are ) Tj ET Q q 0 0 0 rg BT 539.40 303.50 Td (usually ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 293.90 Td (settled ) Tj ET Q q 0 0 0 rg BT 72.50 293.90 Td (by ) Tj ET Q q 0 0 0 rg BT 82.62 293.90 Td (providing ) Tj ET Q q 0 0 0 rg BT 115.85 293.90 Td (the ) Tj ET Q q 0 0 0 rg BT 127.74 293.90 Td (advertiser ) Tj ET Q q 0 0 0 rg BT 161.40 293.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 195.51 293.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 233.17 293.90 Td (time. ) Tj ET Q q 0 0 0 rg BT 251.51 293.90 Td (Discounts ) Tj ET Q q 0 0 0 rg BT 285.63 293.90 Td (and ) Tj ET Q q 0 0 0 rg BT 299.29 293.90 Td (agency ) Tj ET Q q 0 0 0 rg BT 324.07 293.90 Td (commissions ) Tj ET Q q 0 0 0 rg BT 367.96 293.90 Td (are ) Tj ET Q q 0 0 0 rg BT 379.85 293.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 417.06 293.90 Td (at ) Tj ET Q q 0 0 0 rg BT 424.95 293.90 Td (the ) Tj ET Q q 0 0 0 rg BT 436.84 293.90 Td (point ) Tj ET Q q 0 0 0 rg BT 455.40 293.90 Td (when ) Tj ET Q q 0 0 0 rg BT 474.85 293.90 Td (the ) Tj ET Q q 0 0 0 rg BT 486.74 293.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 524.41 293.90 Td (is ) Tj ET Q q 0 0 0 rg BT 531.86 293.90 Td (broadcast ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 284.30 Td (and ) Tj ET Q q 0 0 0 rg BT 62.96 284.30 Td (are ) Tj ET Q q 0 0 0 rg BT 74.63 284.30 Td (reflected ) Tj ET Q q 0 0 0 rg BT 104.51 284.30 Td (as ) Tj ET Q q 0 0 0 rg BT 113.08 284.30 Td (a ) Tj ET Q q 0 0 0 rg BT 118.54 284.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 150.66 284.30 Td (to ) Tj ET Q q 0 0 0 rg BT 158.79 284.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 177.58 284.30 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 206.80 284.30 Td (Display ) Tj ET Q q 0 0 0 rg BT 233.60 284.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 271.05 284.30 Td (on ) Tj ET Q q 0 0 0 rg BT 280.96 284.30 Td (our ) Tj ET Q q 0 0 0 rg BT 293.53 284.30 Td (websites ) Tj ET Q q 0 0 0 rg BT 322.98 284.30 Td (is ) Tj ET Q q 0 0 0 rg BT 330.23 284.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 367.22 284.30 Td (as ) Tj ET Q q 0 0 0 rg BT 375.79 284.30 Td (impressions ) Tj ET Q q 0 0 0 rg BT 415.92 284.30 Td (are ) Tj ET Q q 0 0 0 rg BT 427.59 284.30 Td (delivered. ) Tj ET Q q 0 0 0 rg BT 461.26 284.30 Td (Impressions ) Tj ET Q q 0 0 0 rg BT 501.83 284.30 Td (are ) Tj ET Q q 0 0 0 rg BT 513.50 284.30 Td (delivered ) Tj ET Q q 0 0 0 rg BT 545.17 284.30 Td (when ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 274.70 Td (an ) Tj ET Q q 0 0 0 rg BT 59.05 274.70 Td (advertisement ) Tj ET Q q 0 0 0 rg BT 105.92 274.70 Td (appears ) Tj ET Q q 0 0 0 rg BT 132.35 274.70 Td (in ) Tj ET Q q 0 0 0 rg BT 140.57 274.70 Td (pages ) Tj ET Q q 0 0 0 rg BT 160.79 274.70 Td (viewed ) Tj ET Q q 0 0 0 rg BT 185.89 274.70 Td (by ) Tj ET Q q 0 0 0 rg BT 195.89 274.70 Td (users.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 80.84 256.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 95.27 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.27 256.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 150.83 256.10 Td (r) Tj ET Q q 0 0 0 rg BT 153.65 256.10 Td (evenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 240.50 Td (Carriage ) Tj ET Q q 0 0 0 rg BT 79.12 240.50 Td (fees ) Tj ET Q q 0 0 0 rg BT 94.08 240.50 Td (from ) Tj ET Q q 0 0 0 rg BT 111.72 240.50 Td (cable ) Tj ET Q q 0 0 0 rg BT 130.68 240.50 Td (operators ) Tj ET Q q 0 0 0 rg BT 162.52 240.50 Td (and ) Tj ET Q q 0 0 0 rg BT 176.16 240.50 Td (direct-to-home ) Tj ET Q q 0 0 0 rg BT 225.78 240.50 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 267.84 240.50 Td (are ) Tj ET Q q 0 0 0 rg BT 279.69 240.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 316.86 240.50 Td (as ) Tj ET Q q 0 0 0 rg BT 325.61 240.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 353.01 240.50 Td (over ) Tj ET Q q 0 0 0 rg BT 369.31 240.50 Td (the ) Tj ET Q q 0 0 0 rg BT 381.16 240.50 Td (period ) Tj ET Q q 0 0 0 rg BT 403.68 240.50 Td (for ) Tj ET Q q 0 0 0 rg BT 415.09 240.50 Td (which ) Tj ET Q q 0 0 0 rg BT 436.73 240.50 Td (the ) Tj ET Q q 0 0 0 rg BT 448.58 240.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 478.66 240.50 Td (are ) Tj ET Q q 0 0 0 rg BT 490.50 240.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 521.02 240.50 Td (and ) Tj ET Q q 0 0 0 rg BT 534.66 240.50 Td (to ) Tj ET Q q 0 0 0 rg BT 542.96 240.50 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 230.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 230.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 76.15 230.90 Td (relate. ) Tj ET Q q 0 0 0 rg BT 97.91 230.90 Td (Subscriber ) Tj ET Q q 0 0 0 rg BT 134.13 230.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 161.45 230.90 Td (is ) Tj ET Q q 0 0 0 rg BT 168.78 230.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 205.87 230.90 Td (as ) Tj ET Q q 0 0 0 rg BT 214.54 230.90 Td (contracted, ) Tj ET Q q 0 0 0 rg BT 251.85 230.90 Td (based ) Tj ET Q q 0 0 0 rg BT 272.06 230.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 290.06 230.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.84 230.90 Td (level ) Tj ET Q q 0 0 0 rg BT 319.38 230.90 Td (of ) Tj ET Q q 0 0 0 rg BT 328.05 230.90 Td (subscribers.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 212.30 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 212.30 Td (ogram ) Tj ET Q q 0 0 0 rg BT 80.09 212.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 119.43 212.30 Td (r) Tj ET Q q 0 0 0 rg BT 122.25 212.30 Td (evenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 196.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 78.98 196.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 117.80 196.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 145.05 196.70 Td (is ) Tj ET Q q 0 0 0 rg BT 152.31 196.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 189.33 196.70 Td (when ) Tj ET Q q 0 0 0 rg BT 208.59 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 220.29 196.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 247.98 196.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 283.23 196.70 Td (has ) Tj ET Q q 0 0 0 rg BT 295.82 196.70 Td (been ) Tj ET Q q 0 0 0 rg BT 312.85 196.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 338.32 196.70 Td (into, ) Tj ET Q q 0 0 0 rg BT 354.70 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 366.40 196.70 Td (product ) Tj ET Q q 0 0 0 rg BT 392.77 196.70 Td (is ) Tj ET Q q 0 0 0 rg BT 400.03 196.70 Td (available ) Tj ET Q q 0 0 0 rg BT 430.83 196.70 Td (for ) Tj ET Q q 0 0 0 rg BT 442.09 196.70 Td (telecast ) Tj ET Q q 0 0 0 rg BT 468.00 196.70 Td (or ) Tj ET Q q 0 0 0 rg BT 476.60 196.70 Td (delivery) Tj ET Q q 0 0 0 rg BT 502.29 196.70 Td (, ) Tj ET Q q 0 0 0 rg BT 506.22 196.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.92 196.70 Td (license ) Tj ET Q q 0 0 0 rg BT 542.06 196.70 Td (period ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (has ) Tj ET Q q 0 0 0 rg BT 62.40 187.10 Td (begun, ) Tj ET Q q 0 0 0 rg BT 86.18 187.10 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 128.85 187.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.42 187.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 173.31 187.10 Td (assured ) Tj ET Q q 0 0 0 rg BT 199.54 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.32 187.10 Td (all ) Tj ET Q q 0 0 0 rg BT 223.55 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.45 187.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.35 187.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 283.12 187.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 320.91 187.10 Td (have ) Tj ET Q q 0 0 0 rg BT 338.24 187.10 Td (been ) Tj ET Q q 0 0 0 rg BT 355.58 187.10 Td (satisfied. ) Tj ET Q q 0 0 0 rg BT 386.47 187.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 419.81 187.10 Td (from ) Tj ET Q q 0 0 0 rg BT 437.59 187.10 Td (home ) Tj ET Q q 0 0 0 rg BT 457.60 187.10 Td (video ) Tj ET Q q 0 0 0 rg BT 477.61 187.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 495.39 187.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.39 187.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 544.72 187.10 Td (at ) Tj ET Q q 0 0 0 rg BT 552.73 187.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 177.50 Td (later ) Tj ET Q q 0 0 0 rg BT 65.96 177.50 Td (of ) Tj ET Q q 0 0 0 rg BT 74.87 177.50 Td (the ) Tj ET Q q 0 0 0 rg BT 86.89 177.50 Td (delivery ) Tj ET Q q 0 0 0 rg BT 115.35 177.50 Td (date ) Tj ET Q q 0 0 0 rg BT 130.92 177.50 Td (or ) Tj ET Q q 0 0 0 rg BT 139.84 177.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.86 177.50 Td (date ) Tj ET Q q 0 0 0 rg BT 167.43 177.50 Td (that ) Tj ET Q q 0 0 0 rg BT 181.67 177.50 Td (video ) Tj ET Q q 0 0 0 rg BT 201.70 177.50 Td (units ) Tj ET Q q 0 0 0 rg BT 219.50 177.50 Td (are ) Tj ET Q q 0 0 0 rg BT 231.52 177.50 Td (made ) Tj ET Q q 0 0 0 rg BT 251.09 177.50 Td (widely ) Tj ET Q q 0 0 0 rg BT 275.11 177.50 Td (available ) Tj ET Q q 0 0 0 rg BT 306.23 177.50 Td (for ) Tj ET Q q 0 0 0 rg BT 317.80 177.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 332.49 177.50 Td (or ) Tj ET Q q 0 0 0 rg BT 341.40 177.50 Td (rental ) Tj ET Q q 0 0 0 rg BT 361.86 177.50 Td (by ) Tj ET Q q 0 0 0 rg BT 372.11 177.50 Td (retailers ) Tj ET Q q 0 0 0 rg BT 400.12 177.50 Td (based ) Tj ET Q q 0 0 0 rg BT 420.58 177.50 Td (on ) Tj ET Q q 0 0 0 rg BT 430.83 177.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 449.97 177.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 467.77 177.50 Td (less ) Tj ET Q q 0 0 0 rg BT 482.02 177.50 Td (a ) Tj ET Q q 0 0 0 rg BT 487.81 177.50 Td (provision ) Tj ET Q q 0 0 0 rg BT 520.29 177.50 Td (for ) Tj ET Q q 0 0 0 rg BT 531.86 177.50 Td (estimated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 167.90 Td (returns. ) Tj ET Q q 0 0 0 rg BT 75.57 167.90 Td (Theatrical ) Tj ET Q q 0 0 0 rg BT 109.99 167.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 140.42 167.90 Td (are ) Tj ET Q q 0 0 0 rg BT 152.19 167.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 189.28 167.90 Td (as ) Tj ET Q q 0 0 0 rg BT 197.94 167.90 Td (the ) Tj ET Q q 0 0 0 rg BT 209.71 167.90 Td (films ) Tj ET Q q 0 0 0 rg BT 228.16 167.90 Td (are ) Tj ET Q q 0 0 0 rg BT 239.93 167.90 Td (exhibited.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 149.30 Td (Barter ) Tj ET Q q 0 0 0 rg BT 72.39 149.30 Td (transactions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 133.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 133.70 Td (e ) Tj ET Q q 0 0 0 rg BT 61.50 133.70 Td (enter ) Tj ET Q q 0 0 0 rg BT 79.02 133.70 Td (into ) Tj ET Q q 0 0 0 rg BT 93.01 133.70 Td (barter ) Tj ET Q q 0 0 0 rg BT 113.20 133.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 152.94 133.70 Td (which ) Tj ET Q q 0 0 0 rg BT 174.03 133.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 204.88 133.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 241.97 133.70 Td (time ) Tj ET Q q 0 0 0 rg BT 257.72 133.70 Td (or ) Tj ET Q q 0 0 0 rg BT 265.93 133.70 Td (other ) Tj ET Q q 0 0 0 rg BT 283.90 133.70 Td (services ) Tj ET Q q 0 0 0 rg BT 311.20 133.70 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 346.94 133.70 Td (for ) Tj ET Q q 0 0 0 rg BT 357.81 133.70 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 388.22 133.70 Td (goods ) Tj ET Q q 0 0 0 rg BT 408.88 133.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 430.85 133.70 Td (other ) Tj ET Q q 0 0 0 rg BT 448.82 133.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 478.13 133.70 Td (such ) Tj ET Q q 0 0 0 rg BT 494.33 133.70 Td (as ) Tj ET Q q 0 0 0 rg BT 502.53 133.70 Td (promotional ) Tj ET Q q 0 0 0 rg BT 543.17 133.70 Td (items, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (advertising, ) Tj ET Q q 0 0 0 rg BT 89.16 124.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 117.50 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.17 124.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 169.05 124.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 199.15 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 216.82 124.10 Td (barter ) Tj ET Q q 0 0 0 rg BT 237.59 124.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 277.91 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.37 124.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 322.57 124.10 Td (as ) Tj ET Q q 0 0 0 rg BT 331.35 124.10 Td (income ) Tj ET Q q 0 0 0 rg BT 357.01 124.10 Td (when ) Tj ET Q q 0 0 0 rg BT 376.46 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.34 124.10 Td (services ) Tj ET Q q 0 0 0 rg BT 416.22 124.10 Td (have ) Tj ET Q q 0 0 0 rg BT 433.44 124.10 Td (been ) Tj ET Q q 0 0 0 rg BT 450.66 124.10 Td (provided. ) Tj ET Q q 0 0 0 rg BT 483.21 124.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 515.54 124.10 Td (are ) Tj ET Q q 0 0 0 rg BT 527.42 124.10 Td (recognized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 114.50 Td (when ) Tj ET Q q 0 0 0 rg BT 68.69 114.50 Td (goods ) Tj ET Q q 0 0 0 rg BT 89.66 114.50 Td (or ) Tj ET Q q 0 0 0 rg BT 98.18 114.50 Td (services ) Tj ET Q q 0 0 0 rg BT 125.80 114.50 Td (are ) Tj ET Q q 0 0 0 rg BT 137.42 114.50 Td (received ) Tj ET Q q 0 0 0 rg BT 166.37 114.50 Td (or ) Tj ET Q q 0 0 0 rg BT 174.89 114.50 Td (used. ) Tj ET Q q 0 0 0 rg BT 193.28 114.50 Td (W) Tj ET Q q 0 0 0 rg BT 200.19 114.50 Td (e ) Tj ET Q q 0 0 0 rg BT 205.60 114.50 Td (record ) Tj ET Q q 0 0 0 rg BT 227.89 114.50 Td (barter ) Tj ET Q q 0 0 0 rg BT 248.40 114.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 288.46 114.50 Td (at ) Tj ET Q q 0 0 0 rg BT 296.09 114.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.73 114.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.68 114.50 Td (value ) Tj ET Q q 0 0 0 rg BT 339.87 114.50 Td (of ) Tj ET Q q 0 0 0 rg BT 348.39 114.50 Td (goods ) Tj ET Q q 0 0 0 rg BT 369.36 114.50 Td (or ) Tj ET Q q 0 0 0 rg BT 377.88 114.50 Td (services ) Tj ET Q q 0 0 0 rg BT 405.50 114.50 Td (received ) Tj ET Q q 0 0 0 rg BT 434.45 114.50 Td (or ) Tj ET Q q 0 0 0 rg BT 442.97 114.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 480.38 114.50 Td (surrendered, ) Tj ET Q q 0 0 0 rg BT 521.99 114.50 Td (whichever ) Tj ET Q q 0 0 0 rg BT 557.16 114.50 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 104.90 Td (more ) Tj ET Q q 0 0 0 rg BT 67.76 104.90 Td (readily ) Tj ET Q q 0 0 0 rg BT 91.80 104.90 Td (determinable. ) Tj ET Q q 0 0 0 rg BT 137.38 104.90 Td (Barter ) Tj ET Q q 0 0 0 rg BT 159.19 104.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 186.33 104.90 Td (amounted ) Tj ET Q q 0 0 0 rg BT 219.70 104.90 Td (to ) Tj ET Q q 0 0 0 rg BT 227.75 104.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.80 104.90 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 255.63 104.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.74 104.90 Td (, ) Tj ET Q q 0 0 0 rg BT 282.56 104.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.61 104.90 Td (2.9 ) Tj ET Q q 0 0 0 rg BT 310.44 104.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.55 104.90 Td ( ) Tj ET Q q 0 0 0 rg BT 335.38 104.90 Td (and ) Tj ET Q q 0 0 0 rg BT 348.75 104.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.80 104.90 Td (2.3 ) Tj ET Q q 0 0 0 rg BT 376.63 104.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.74 104.90 Td ( ) Tj ET Q q 0 0 0 rg BT 401.56 104.90 Td (for ) Tj ET Q q 0 0 0 rg BT 412.71 104.90 Td (the ) Tj ET Q q 0 0 0 rg BT 424.31 104.90 Td (years ) Tj ET Q q 0 0 0 rg BT 443.02 104.90 Td (ending ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.61 104.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 513.30 104.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.30 104.90 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.13 104.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.13 104.90 Td ( ) Tj ET Q q 0 0 0 rg BT 550.95 104.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 95.30 Td (201) Tj ET Q q 0 0 0 rg BT 61.20 95.30 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.20 95.30 Td (, ) Tj ET Q q 0 0 0 rg BT 69.20 95.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 107.33 95.30 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 76.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 68.84 76.70 Td (and ) Tj ET Q q 0 0 0 rg BT 83.74 76.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 103.08 76.70 Td (Equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 67.42 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.88 61.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 97.01 61.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 135.36 61.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 159.50 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.08 61.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 184.21 61.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.12 61.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 211.59 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.05 61.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 262.50 61.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 294.63 61.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.77 61.10 Td (original ) Tj ET Q q 0 0 0 rg BT 337.56 61.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 371.47 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.05 61.10 Td (three ) Tj ET Q q 0 0 0 rg BT 397.95 61.10 Td (months ) Tj ET Q q 0 0 0 rg BT 423.43 61.10 Td (or ) Tj ET Q q 0 0 0 rg BT 432.01 61.10 Td (less. ) Tj ET Q q 0 0 0 rg BT 447.92 61.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 465.84 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.75 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 487.00 61.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 511.57 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.71 61.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 557.17 61.10 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 51.50 Td (classified ) Tj ET Q q 0 0 0 rg BT 81.71 51.50 Td (as ) Tj ET Q q 0 0 0 rg BT 90.38 51.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 122.14 51.50 Td (cash.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (50) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.79 723.60 Td (ogram ) Tj ET Q q 0 0 0 rg BT 82.01 723.60 Td (Rights) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 705.00 Td (Pur) Tj ET Q q 0 0 0 rg BT 61.20 705.00 Td (chased ) Tj ET Q q 0 0 0 rg BT 85.42 705.00 Td (pr) Tj ET Q q 0 0 0 rg BT 92.23 705.00 Td (ogram ) Tj ET Q q 0 0 0 rg BT 115.13 705.00 Td (rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 689.40 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 84.33 689.40 Td (program ) Tj ET Q q 0 0 0 rg BT 113.38 689.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 133.55 689.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.05 689.40 Td (the ) Tj ET Q q 0 0 0 rg BT 158.77 689.40 Td (related ) Tj ET Q q 0 0 0 rg BT 182.48 689.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 214.20 689.40 Td (are ) Tj ET Q q 0 0 0 rg BT 225.91 689.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 255.84 689.40 Td (at ) Tj ET Q q 0 0 0 rg BT 263.56 689.40 Td (their ) Tj ET Q q 0 0 0 rg BT 280.17 689.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 299.01 689.40 Td (value ) Tj ET Q q 0 0 0 rg BT 318.28 689.40 Td (when ) Tj ET Q q 0 0 0 rg BT 337.56 689.40 Td (the ) Tj ET Q q 0 0 0 rg BT 349.28 689.40 Td (license ) Tj ET Q q 0 0 0 rg BT 373.44 689.40 Td (period ) Tj ET Q q 0 0 0 rg BT 395.83 689.40 Td (begins ) Tj ET Q q 0 0 0 rg BT 418.66 689.40 Td (and ) Tj ET Q q 0 0 0 rg BT 432.16 689.40 Td (the ) Tj ET Q q 0 0 0 rg BT 443.88 689.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 476.05 689.40 Td (are ) Tj ET Q q 0 0 0 rg BT 487.76 689.40 Td (available ) Tj ET Q q 0 0 0 rg BT 518.58 689.40 Td (for ) Tj ET Q q 0 0 0 rg BT 529.86 689.40 Td (broadcast.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 673.80 Td (Purchased ) Tj ET Q q 0 0 0 rg BT 83.99 673.80 Td (program ) Tj ET Q q 0 0 0 rg BT 112.69 673.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 132.52 673.80 Td (are ) Tj ET Q q 0 0 0 rg BT 143.89 673.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 175.71 673.80 Td (as ) Tj ET Q q 0 0 0 rg BT 183.98 673.80 Td (current ) Tj ET Q q 0 0 0 rg BT 208.24 673.80 Td (or ) Tj ET Q q 0 0 0 rg BT 216.51 673.80 Td (non-current ) Tj ET Q q 0 0 0 rg BT 255.43 673.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 275.71 673.80 Td (based ) Tj ET Q q 0 0 0 rg BT 295.53 673.80 Td (on ) Tj ET Q q 0 0 0 rg BT 305.13 673.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 341.83 673.80 Td (usage, ) Tj ET Q q 0 0 0 rg BT 363.65 673.80 Td (while ) Tj ET Q q 0 0 0 rg BT 383.03 673.80 Td (the ) Tj ET Q q 0 0 0 rg BT 394.41 673.80 Td (related ) Tj ET Q q 0 0 0 rg BT 417.78 673.80 Td (program ) Tj ET Q q 0 0 0 rg BT 446.49 673.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 466.32 673.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 492.81 673.80 Td (is ) Tj ET Q q 0 0 0 rg BT 499.75 673.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 531.57 673.80 Td (as ) Tj ET Q q 0 0 0 rg BT 539.84 673.80 Td (current ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 664.20 Td (or ) Tj ET Q q 0 0 0 rg BT 58.16 664.20 Td (non-current ) Tj ET Q q 0 0 0 rg BT 97.48 664.20 Td (according ) Tj ET Q q 0 0 0 rg BT 131.02 664.20 Td (to ) Tj ET Q q 0 0 0 rg BT 139.24 664.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.02 664.20 Td (payment ) Tj ET Q q 0 0 0 rg BT 180.56 664.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 200.34 664.20 Td (of ) Tj ET Q q 0 0 0 rg BT 209.00 664.20 Td (the ) Tj ET Q q 0 0 0 rg BT 220.77 664.20 Td (license ) Tj ET Q q 0 0 0 rg BT 244.98 664.20 Td (agreement.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 648.60 Td (Program ) Tj ET Q q 0 0 0 rg BT 78.64 648.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 98.46 648.60 Td (are ) Tj ET Q q 0 0 0 rg BT 109.82 648.60 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 142.06 648.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.88 648.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 183.46 648.60 Td (if ) Tj ET Q q 0 0 0 rg BT 189.94 648.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 219.96 648.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 249.98 648.60 Td (are ) Tj ET Q q 0 0 0 rg BT 261.34 648.60 Td (suf) Tj ET Q q 0 0 0 rg BT 270.97 648.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 293.00 648.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.82 648.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 320.18 648.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.54 648.60 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 373.12 648.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 397.82 648.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.08 648.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.45 648.60 Td (program. ) Tj ET Q q 0 0 0 rg BT 448.03 648.60 Td (T) Tj ET Q q 0 0 0 rg BT 452.36 648.60 Td (o ) Tj ET Q q 0 0 0 rg BT 457.95 648.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.32 648.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 490.46 648.60 Td (that ) Tj ET Q q 0 0 0 rg BT 504.05 648.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 534.07 648.60 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 639.00 Td (are ) Tj ET Q q 0 0 0 rg BT 61.30 639.00 Td (insuf) Tj ET Q q 0 0 0 rg BT 77.16 639.00 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 101.63 639.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.45 639.00 Td (program ) Tj ET Q q 0 0 0 rg BT 142.59 639.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 162.85 639.00 Td (are ) Tj ET Q q 0 0 0 rg BT 174.65 639.00 Td (written ) Tj ET Q q 0 0 0 rg BT 199.35 639.00 Td (down ) Tj ET Q q 0 0 0 rg BT 219.17 639.00 Td (to ) Tj ET Q q 0 0 0 rg BT 227.43 639.00 Td (their ) Tj ET Q q 0 0 0 rg BT 244.13 639.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 274.59 639.00 Td (net ) Tj ET Q q 0 0 0 rg BT 286.41 639.00 Td (realizable ) Tj ET Q q 0 0 0 rg BT 319.53 639.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 340.89 639.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 355.38 639.00 Td (analyses ) Tj ET Q q 0 0 0 rg BT 384.52 639.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.22 639.00 Td (our ) Tj ET Q q 0 0 0 rg BT 405.92 639.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 435.50 639.00 Td (program ) Tj ET Q q 0 0 0 rg BT 464.64 639.00 Td (library ) Tj ET Q q 0 0 0 rg BT 488.00 639.00 Td (during2013 ) Tj ET Q q 0 0 0 rg BT 528.93 639.00 Td (resulted ) Tj ET Q q 0 0 0 rg BT 556.29 639.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 629.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 95.35 629.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 134.54 629.40 Td (char) Tj ET Q q 0 0 0 rg BT 148.16 629.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 161.13 629.40 Td (of ) Tj ET Q q 0 0 0 rg BT 170.10 629.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.63 629.40 Td (23.9 ) Tj ET Q q 0 0 0 rg BT 202.94 629.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.05 629.40 Td (. ) Tj ET Q q 0 0 0 rg BT 230.19 629.40 Td (These ) Tj ET Q q 0 0 0 rg BT 251.60 629.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 297.46 629.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 336.64 629.40 Td (char) Tj ET Q q 0 0 0 rg BT 350.26 629.40 Td (ges, ) Tj ET Q q 0 0 0 rg BT 365.23 629.40 Td (along ) Tj ET Q q 0 0 0 rg BT 385.31 629.40 Td (with ) Tj ET Q q 0 0 0 rg BT 401.84 629.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 447.70 629.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 486.88 629.40 Td (char) Tj ET Q q 0 0 0 rg BT 500.50 629.40 Td (ges ) Tj ET Q q 0 0 0 rg BT 513.47 629.40 Td (related ) Tj ET Q q 0 0 0 rg BT 537.54 629.40 Td (to ) Tj ET Q q 0 0 0 rg BT 546.07 629.40 Td (own-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 619.80 Td (produced ) Tj ET Q q 0 0 0 rg BT 81.27 619.80 Td (content, ) Tj ET Q q 0 0 0 rg BT 108.81 619.80 Td (are ) Tj ET Q q 0 0 0 rg BT 120.58 619.80 Td (presented ) Tj ET Q q 0 0 0 rg BT 153.23 619.80 Td (as ) Tj ET Q q 0 0 0 rg BT 161.89 619.80 Td (a ) Tj ET Q q 0 0 0 rg BT 167.45 619.80 Td (component ) Tj ET Q q 0 0 0 rg BT 204.99 619.80 Td (of ) Tj ET Q q 0 0 0 rg BT 213.66 619.80 Td (content ) Tj ET Q q 0 0 0 rg BT 239.20 619.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 257.20 619.80 Td (in ) Tj ET Q q 0 0 0 rg BT 265.43 619.80 Td (our ) Tj ET Q q 0 0 0 rg BT 278.09 619.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 320.52 619.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 356.29 619.80 Td (of ) Tj ET Q q 0 0 0 rg BT 364.96 619.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 400.28 619.80 Td (and ) Tj ET Q q 0 0 0 rg BT 413.83 619.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 464.26 619.80 Td (income.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 604.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.75 604.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 81.55 604.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 110.01 604.20 Td (to ) Tj ET Q q 0 0 0 rg BT 118.04 604.20 Td (acquire ) Tj ET Q q 0 0 0 rg BT 143.39 604.20 Td (program ) Tj ET Q q 0 0 0 rg BT 172.30 604.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 192.33 604.20 Td (are ) Tj ET Q q 0 0 0 rg BT 203.90 604.20 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 240.35 604.20 Td (and ) Tj ET Q q 0 0 0 rg BT 253.71 604.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 287.50 604.20 Td (over ) Tj ET Q q 0 0 0 rg BT 303.53 604.20 Td (their ) Tj ET Q q 0 0 0 rg BT 320.00 604.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 350.23 604.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 371.59 604.20 Td (lives ) Tj ET Q q 0 0 0 rg BT 388.50 604.20 Td (in ) Tj ET Q q 0 0 0 rg BT 396.53 604.20 Td (a ) Tj ET Q q 0 0 0 rg BT 401.89 604.20 Td (manner ) Tj ET Q q 0 0 0 rg BT 427.69 604.20 Td (which ) Tj ET Q q 0 0 0 rg BT 449.05 604.20 Td (reflects ) Tj ET Q q 0 0 0 rg BT 474.39 604.20 Td (the ) Tj ET Q q 0 0 0 rg BT 485.97 604.20 Td (pattern ) Tj ET Q q 0 0 0 rg BT 509.99 604.20 Td (we ) Tj ET Q q 0 0 0 rg BT 521.13 604.20 Td (expect ) Tj ET Q q 0 0 0 rg BT 543.81 604.20 Td (to ) Tj ET Q q 0 0 0 rg BT 551.84 604.20 Td (use ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.39 594.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 87.93 594.60 Td (from ) Tj ET Q q 0 0 0 rg BT 105.82 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.93 594.60 Td (programming. ) Tj ET Q q 0 0 0 rg BT 165.81 594.60 Td (If ) Tj ET Q q 0 0 0 rg BT 173.47 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.58 594.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 206.58 594.60 Td (airing ) Tj ET Q q 0 0 0 rg BT 227.57 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.57 594.60 Td (content ) Tj ET Q q 0 0 0 rg BT 262.45 594.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 290.11 594.60 Td (by ) Tj ET Q q 0 0 0 rg BT 300.45 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 306.33 594.60 Td (license ) Tj ET Q q 0 0 0 rg BT 330.88 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 338.55 594.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 369.31 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.87 594.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 404.64 594.60 Td (more ) Tj ET Q q 0 0 0 rg BT 423.41 594.60 Td (value ) Tj ET Q q 0 0 0 rg BT 443.07 594.60 Td (than ) Tj ET Q q 0 0 0 rg BT 459.18 594.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 497.07 594.60 Td (airings, ) Tj ET Q q 0 0 0 rg BT 523.18 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 534.84 594.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 554.95 594.60 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 585.00 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 87.67 585.00 Td (method ) Tj ET Q q 0 0 0 rg BT 113.87 585.00 Td (of ) Tj ET Q q 0 0 0 rg BT 122.74 585.00 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 167.21 585.00 Td (These ) Tj ET Q q 0 0 0 rg BT 188.52 585.00 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 226.69 585.00 Td (methods ) Tj ET Q q 0 0 0 rg BT 256.00 585.00 Td (of ) Tj ET Q q 0 0 0 rg BT 264.87 585.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 307.50 585.00 Td (depend ) Tj ET Q q 0 0 0 rg BT 332.81 585.00 Td (on ) Tj ET Q q 0 0 0 rg BT 343.01 585.00 Td (the ) Tj ET Q q 0 0 0 rg BT 354.99 585.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 387.85 585.00 Td (number ) Tj ET Q q 0 0 0 rg BT 414.49 585.00 Td (of ) Tj ET Q q 0 0 0 rg BT 423.36 585.00 Td (runs ) Tj ET Q q 0 0 0 rg BT 439.34 585.00 Td (the ) Tj ET Q q 0 0 0 rg BT 451.32 585.00 Td (content ) Tj ET Q q 0 0 0 rg BT 477.07 585.00 Td (is ) Tj ET Q q 0 0 0 rg BT 484.61 585.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 515.24 585.00 Td (to ) Tj ET Q q 0 0 0 rg BT 523.67 585.00 Td (receive, ) Tj ET Q q 0 0 0 rg BT 550.96 585.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 575.40 Td (are ) Tj ET Q q 0 0 0 rg BT 60.59 575.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.89 575.40 Td (based ) Tj ET Q q 0 0 0 rg BT 117.43 575.40 Td (on ) Tj ET Q q 0 0 0 rg BT 126.75 575.40 Td (a ) Tj ET Q q 0 0 0 rg BT 131.62 575.40 Td (study ) Tj ET Q q 0 0 0 rg BT 150.27 575.40 Td (of ) Tj ET Q q 0 0 0 rg BT 158.26 575.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 189.35 575.40 Td (results ) Tj ET Q q 0 0 0 rg BT 211.55 575.40 Td (for ) Tj ET Q q 0 0 0 rg BT 222.20 575.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 245.74 575.40 Td (programming. ) Tj ET Q q 0 0 0 rg BT 292.61 575.40 Td (For ) Tj ET Q q 0 0 0 rg BT 305.04 575.40 Td (programming ) Tj ET Q q 0 0 0 rg BT 349.91 575.40 Td (that ) Tj ET Q q 0 0 0 rg BT 363.23 575.40 Td (is ) Tj ET Q q 0 0 0 rg BT 369.88 575.40 Td (not ) Tj ET Q q 0 0 0 rg BT 381.43 575.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 418.29 575.40 Td (supported, ) Tj ET Q q 0 0 0 rg BT 453.16 575.40 Td (each ) Tj ET Q q 0 0 0 rg BT 469.14 575.40 Td (program's ) Tj ET Q q 0 0 0 rg BT 502.11 575.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 519.43 575.40 Td (are ) Tj ET Q q 0 0 0 rg BT 530.52 575.40 Td (amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 565.80 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 565.80 Td (a ) Tj ET Q q 0 0 0 rg BT 65.05 565.80 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 105.71 565.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 123.71 565.80 Td (over ) Tj ET Q q 0 0 0 rg BT 139.92 565.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 565.80 Td (license ) Tj ET Q q 0 0 0 rg BT 175.91 565.80 Td (period. ) Tj ET Q q 0 0 0 rg BT 200.34 565.80 Td (For ) Tj ET Q q 0 0 0 rg BT 213.46 565.80 Td (content ) Tj ET Q q 0 0 0 rg BT 239.00 565.80 Td (that ) Tj ET Q q 0 0 0 rg BT 253.00 565.80 Td (is ) Tj ET Q q 0 0 0 rg BT 260.34 565.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 290.76 565.80 Td (to ) Tj ET Q q 0 0 0 rg BT 298.98 565.80 Td (be ) Tj ET Q q 0 0 0 rg BT 308.54 565.80 Td (aired ) Tj ET Q q 0 0 0 rg BT 326.52 565.80 Td (only ) Tj ET Q q 0 0 0 rg BT 342.75 565.80 Td (once, ) Tj ET Q q 0 0 0 rg BT 361.85 565.80 Td (the ) Tj ET Q q 0 0 0 rg BT 373.62 565.80 Td (entire ) Tj ET Q q 0 0 0 rg BT 393.83 565.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 408.72 565.80 Td (is ) Tj ET Q q 0 0 0 rg BT 416.05 565.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 453.14 565.80 Td (as ) Tj ET Q q 0 0 0 rg BT 461.81 565.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 489.57 565.80 Td (on ) Tj ET Q q 0 0 0 rg BT 499.57 565.80 Td (the ) Tj ET Q q 0 0 0 rg BT 511.35 565.80 Td (first ) Tj ET Q q 0 0 0 rg BT 526.23 565.80 Td (run.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 547.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.20 547.20 Td (oduced ) Tj ET Q q 0 0 0 rg BT 82.30 547.20 Td (pr) Tj ET Q q 0 0 0 rg BT 89.12 547.20 Td (ogram ) Tj ET Q q 0 0 0 rg BT 112.01 547.20 Td (rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 531.60 Td (Program ) Tj ET Q q 0 0 0 rg BT 78.94 531.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.05 531.60 Td (that ) Tj ET Q q 0 0 0 rg BT 112.94 531.60 Td (are ) Tj ET Q q 0 0 0 rg BT 124.60 531.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 156.25 531.60 Td (by ) Tj ET Q q 0 0 0 rg BT 166.14 531.60 Td (us ) Tj ET Q q 0 0 0 rg BT 175.15 531.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 199.26 531.60 Td (of ) Tj ET Q q 0 0 0 rg BT 207.82 531.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 236.35 531.60 Td (film ) Tj ET Q q 0 0 0 rg BT 251.57 531.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.02 531.60 Td (television ) Tj ET Q q 0 0 0 rg BT 298.01 531.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 315.90 531.60 Td (including ) Tj ET Q q 0 0 0 rg BT 348.01 531.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 368.11 531.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 388.00 531.60 Td (production ) Tj ET Q q 0 0 0 rg BT 424.55 531.60 Td (overhead ) Tj ET Q q 0 0 0 rg BT 455.76 531.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.20 531.60 Td (development ) Tj ET Q q 0 0 0 rg BT 512.41 531.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 532.17 531.60 Td (The ) Tj ET Q q 0 0 0 rg BT 546.50 531.60 Td (costs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 522.00 Td (are ) Tj ET Q q 0 0 0 rg BT 61.14 522.00 Td (stated ) Tj ET Q q 0 0 0 rg BT 81.67 522.00 Td (at ) Tj ET Q q 0 0 0 rg BT 89.32 522.00 Td (the ) Tj ET Q q 0 0 0 rg BT 100.96 522.00 Td (lower ) Tj ET Q q 0 0 0 rg BT 121.05 522.00 Td (of ) Tj ET Q q 0 0 0 rg BT 129.58 522.00 Td (cost, ) Tj ET Q q 0 0 0 rg BT 146.34 522.00 Td (less ) Tj ET Q q 0 0 0 rg BT 160.21 522.00 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 202.51 522.00 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 246.81 522.00 Td (or ) Tj ET Q q 0 0 0 rg BT 255.35 522.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 268.32 522.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 289.38 522.00 Td (The ) Tj ET Q q 0 0 0 rg BT 303.69 522.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.56 522.00 Td (of ) Tj ET Q q 0 0 0 rg BT 338.10 522.00 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 374.61 522.00 Td (production ) Tj ET Q q 0 0 0 rg BT 411.14 522.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.02 522.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 465.98 522.00 Td (as ) Tj ET Q q 0 0 0 rg BT 474.51 522.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 489.27 522.00 Td (of ) Tj ET Q q 0 0 0 rg BT 497.81 522.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 528.11 522.00 Td (for ) Tj ET Q q 0 0 0 rg BT 539.31 522.00 Td (a ) Tj ET Q q 0 0 0 rg BT 544.73 522.00 Td (given ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 512.40 Td (production ) Tj ET Q q 0 0 0 rg BT 86.13 512.40 Td (as ) Tj ET Q q 0 0 0 rg BT 94.77 512.40 Td (it ) Tj ET Q q 0 0 0 rg BT 101.18 512.40 Td (is ) Tj ET Q q 0 0 0 rg BT 108.49 512.40 Td (exhibited ) Tj ET Q q 0 0 0 rg BT 140.23 512.40 Td (in ) Tj ET Q q 0 0 0 rg BT 148.43 512.40 Td (various ) Tj ET Q q 0 0 0 rg BT 173.95 512.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 201.25 512.40 Td (is ) Tj ET Q q 0 0 0 rg BT 208.55 512.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 246.51 512.40 Td (using ) Tj ET Q q 0 0 0 rg BT 265.82 512.40 Td (the ) Tj ET Q q 0 0 0 rg BT 277.56 512.40 Td (film ) Tj ET Q q 0 0 0 rg BT 292.87 512.40 Td (forecast ) Tj ET Q q 0 0 0 rg BT 320.15 512.40 Td (method. ) Tj ET Q q 0 0 0 rg BT 347.98 512.40 Td (The ) Tj ET Q q 0 0 0 rg BT 362.39 512.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 398.13 512.40 Td (of ) Tj ET Q q 0 0 0 rg BT 406.77 512.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 424.74 512.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 461.80 512.40 Td (is ) Tj ET Q q 0 0 0 rg BT 469.11 512.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 488.41 512.40 Td (to ) Tj ET Q q 0 0 0 rg BT 496.60 512.40 Td (the ) Tj ET Q q 0 0 0 rg BT 508.35 512.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 544.09 512.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 512.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 502.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 76.31 502.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 112.90 502.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 145.93 502.80 Td (to ) Tj ET Q q 0 0 0 rg BT 153.65 502.80 Td (the ) Tj ET Q q 0 0 0 rg BT 164.92 502.80 Td (total ) Tj ET Q q 0 0 0 rg BT 180.63 502.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 207.44 502.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 237.36 502.80 Td (to ) Tj ET Q q 0 0 0 rg BT 245.08 502.80 Td (be ) Tj ET Q q 0 0 0 rg BT 254.13 502.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 286.71 502.80 Td (throughout ) Tj ET Q q 0 0 0 rg BT 323.32 502.80 Td (the ) Tj ET Q q 0 0 0 rg BT 334.58 502.80 Td (product's ) Tj ET Q q 0 0 0 rg BT 365.07 502.80 Td (life ) Tj ET Q q 0 0 0 rg BT 377.23 502.80 Td (cycle ) Tj ET Q q 0 0 0 rg BT 395.60 502.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 409.53 502.80 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 440.79 502.80 Td (revenues\). ) Tj ET Q q 0 0 0 rg BT 478.93 502.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 492.87 502.80 Td (process ) Tj ET Q q 0 0 0 rg BT 518.35 502.80 Td (for ) Tj ET Q q 0 0 0 rg BT 529.18 502.80 Td (evaluating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 493.20 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 78.30 493.20 Td (revenues ) Tj ET Q q 0 0 0 rg BT 109.31 493.20 Td (is ) Tj ET Q q 0 0 0 rg BT 117.23 493.20 Td (tailored ) Tj ET Q q 0 0 0 rg BT 144.25 493.20 Td (to ) Tj ET Q q 0 0 0 rg BT 153.06 493.20 Td (the ) Tj ET Q q 0 0 0 rg BT 165.41 493.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 195.99 493.20 Td (we ) Tj ET Q q 0 0 0 rg BT 207.90 493.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 233.58 493.20 Td (a ) Tj ET Q q 0 0 0 rg BT 239.72 493.20 Td (title ) Tj ET Q q 0 0 0 rg BT 254.74 493.20 Td (has ) Tj ET Q q 0 0 0 rg BT 267.99 493.20 Td (for ) Tj ET Q q 0 0 0 rg BT 279.90 493.20 Td (generating ) Tj ET Q q 0 0 0 rg BT 316.25 493.20 Td (multiple ) Tj ET Q q 0 0 0 rg BT 345.50 493.20 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 378.33 493.20 Td (The ) Tj ET Q q 0 0 0 rg BT 393.35 493.20 Td (majority ) Tj ET Q q 0 0 0 rg BT 423.04 493.20 Td (of ) Tj ET Q q 0 0 0 rg BT 432.28 493.20 Td (our ) Tj ET Q q 0 0 0 rg BT 445.53 493.20 Td (production ) Tj ET Q q 0 0 0 rg BT 482.78 493.20 Td (is ) Tj ET Q q 0 0 0 rg BT 490.70 493.20 Td (intended ) Tj ET Q q 0 0 0 rg BT 520.83 493.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 553.18 493.20 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 483.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 89.59 483.60 Td (by ) Tj ET Q q 0 0 0 rg BT 99.46 483.60 Td (our ) Tj ET Q q 0 0 0 rg BT 112.00 483.60 Td (own ) Tj ET Q q 0 0 0 rg BT 127.64 483.60 Td (broadcasters. ) Tj ET Q q 0 0 0 rg BT 171.50 483.60 Td (In ) Tj ET Q q 0 0 0 rg BT 180.03 483.60 Td (such ) Tj ET Q q 0 0 0 rg BT 196.57 483.60 Td (cases, ) Tj ET Q q 0 0 0 rg BT 217.32 483.60 Td (we ) Tj ET Q q 0 0 0 rg BT 228.52 483.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 257.49 483.60 Td (mainly ) Tj ET Q q 0 0 0 rg BT 281.58 483.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.23 483.60 Td (free ) Tj ET Q q 0 0 0 rg BT 307.53 483.60 Td (television ) Tj ET Q q 0 0 0 rg BT 340.51 483.60 Td (window ) Tj ET Q q 0 0 0 rg BT 368.16 483.60 Td (in ) Tj ET Q q 0 0 0 rg BT 376.25 483.60 Td (our ) Tj ET Q q 0 0 0 rg BT 388.79 483.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 425.76 483.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.29 483.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.94 483.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 474.02 483.60 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 506.33 483.60 Td (For ) Tj ET Q q 0 0 0 rg BT 519.31 483.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 550.95 483.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 474.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 78.45 474.00 Td (feature ) Tj ET Q q 0 0 0 rg BT 102.07 474.00 Td (films ) Tj ET Q q 0 0 0 rg BT 119.93 474.00 Td (or ) Tj ET Q q 0 0 0 rg BT 128.01 474.00 Td (other ) Tj ET Q q 0 0 0 rg BT 145.86 474.00 Td (projects ) Tj ET Q q 0 0 0 rg BT 172.60 474.00 Td (where ) Tj ET Q q 0 0 0 rg BT 193.56 474.00 Td (we ) Tj ET Q q 0 0 0 rg BT 204.30 474.00 Td (have ) Tj ET Q q 0 0 0 rg BT 220.82 474.00 Td (a ) Tj ET Q q 0 0 0 rg BT 225.79 474.00 Td (supportable ) Tj ET Q q 0 0 0 rg BT 264.53 474.00 Td (expectation ) Tj ET Q q 0 0 0 rg BT 302.81 474.00 Td (of ) Tj ET Q q 0 0 0 rg BT 310.89 474.00 Td (generating ) Tj ET Q q 0 0 0 rg BT 346.07 474.00 Td (multiple ) Tj ET Q q 0 0 0 rg BT 374.15 474.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 400.88 474.00 Td (streams, ) Tj ET Q q 0 0 0 rg BT 428.73 474.00 Td (we ) Tj ET Q q 0 0 0 rg BT 439.47 474.00 Td (base ) Tj ET Q q 0 0 0 rg BT 455.10 474.00 Td (our ) Tj ET Q q 0 0 0 rg BT 467.18 474.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 498.37 474.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.45 474.00 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 534.08 474.00 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 464.40 Td (for ) Tj ET Q q 0 0 0 rg BT 60.75 464.40 Td (each ) Tj ET Q q 0 0 0 rg BT 77.33 464.40 Td (film ) Tj ET Q q 0 0 0 rg BT 92.58 464.40 Td (on ) Tj ET Q q 0 0 0 rg BT 102.51 464.40 Td (factors ) Tj ET Q q 0 0 0 rg BT 126.20 464.40 Td (such ) Tj ET Q q 0 0 0 rg BT 142.79 464.40 Td (as ) Tj ET Q q 0 0 0 rg BT 151.37 464.40 Td (the ) Tj ET Q q 0 0 0 rg BT 163.07 464.40 Td (historical ) Tj ET Q q 0 0 0 rg BT 194.76 464.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 237.11 464.40 Td (of ) Tj ET Q q 0 0 0 rg BT 245.69 464.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 269.84 464.40 Td (films, ) Tj ET Q q 0 0 0 rg BT 290.21 464.40 Td (the ) Tj ET Q q 0 0 0 rg BT 301.90 464.40 Td (star ) Tj ET Q q 0 0 0 rg BT 315.38 464.40 Td (power ) Tj ET Q q 0 0 0 rg BT 337.29 464.40 Td (of ) Tj ET Q q 0 0 0 rg BT 345.88 464.40 Td (the ) Tj ET Q q 0 0 0 rg BT 357.58 464.40 Td (actors ) Tj ET Q q 0 0 0 rg BT 378.60 464.40 Td (and ) Tj ET Q q 0 0 0 rg BT 392.08 464.40 Td (actresses, ) Tj ET Q q 0 0 0 rg BT 424.43 464.40 Td (the ) Tj ET Q q 0 0 0 rg BT 436.13 464.40 Td (rating ) Tj ET Q q 0 0 0 rg BT 456.71 464.40 Td (and ) Tj ET Q q 0 0 0 rg BT 470.19 464.40 Td (genre ) Tj ET Q q 0 0 0 rg BT 489.88 464.40 Td (of ) Tj ET Q q 0 0 0 rg BT 498.46 464.40 Td (the ) Tj ET Q q 0 0 0 rg BT 510.16 464.40 Td (film, ) Tj ET Q q 0 0 0 rg BT 527.42 464.40 Td (pre-release ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 454.80 Td (market ) Tj ET Q q 0 0 0 rg BT 73.74 454.80 Td (research ) Tj ET Q q 0 0 0 rg BT 102.41 454.80 Td (\(including ) Tj ET Q q 0 0 0 rg BT 137.32 454.80 Td (test ) Tj ET Q q 0 0 0 rg BT 150.46 454.80 Td (market ) Tj ET Q q 0 0 0 rg BT 174.70 454.80 Td (screenings\) ) Tj ET Q q 0 0 0 rg BT 213.16 454.80 Td (and ) Tj ET Q q 0 0 0 rg BT 226.74 454.80 Td (the ) Tj ET Q q 0 0 0 rg BT 238.54 454.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 268.99 454.80 Td (number ) Tj ET Q q 0 0 0 rg BT 295.46 454.80 Td (of ) Tj ET Q q 0 0 0 rg BT 304.15 454.80 Td (theaters ) Tj ET Q q 0 0 0 rg BT 331.05 454.80 Td (in ) Tj ET Q q 0 0 0 rg BT 339.31 454.80 Td (which ) Tj ET Q q 0 0 0 rg BT 360.88 454.80 Td (the ) Tj ET Q q 0 0 0 rg BT 372.69 454.80 Td (film ) Tj ET Q q 0 0 0 rg BT 388.05 454.80 Td (will ) Tj ET Q q 0 0 0 rg BT 402.52 454.80 Td (be ) Tj ET Q q 0 0 0 rg BT 412.10 454.80 Td (released. ) Tj ET Q q 0 0 0 rg BT 442.18 454.80 Td (These ) Tj ET Q q 0 0 0 rg BT 463.31 454.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 495.11 454.80 Td (are ) Tj ET Q q 0 0 0 rg BT 506.91 454.80 Td (updated ) Tj ET Q q 0 0 0 rg BT 534.26 454.80 Td (based ) Tj ET Q q 0 0 0 rg BT 554.50 454.80 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 445.20 Td (information ) Tj ET Q q 0 0 0 rg BT 89.27 445.20 Td (available ) Tj ET Q q 0 0 0 rg BT 120.14 445.20 Td (on ) Tj ET Q q 0 0 0 rg BT 130.14 445.20 Td (the ) Tj ET Q q 0 0 0 rg BT 141.91 445.20 Td (progress ) Tj ET Q q 0 0 0 rg BT 171.02 445.20 Td (of ) Tj ET Q q 0 0 0 rg BT 179.68 445.20 Td (the ) Tj ET Q q 0 0 0 rg BT 191.46 445.20 Td (film's ) Tj ET Q q 0 0 0 rg BT 211.34 445.20 Td (production ) Tj ET Q q 0 0 0 rg BT 248.00 445.20 Td (and ) Tj ET Q q 0 0 0 rg BT 261.55 445.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 279.55 445.20 Td (release, ) Tj ET Q q 0 0 0 rg BT 305.76 445.20 Td (the ) Tj ET Q q 0 0 0 rg BT 317.53 445.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 338.63 445.20 Td (results ) Tj ET Q q 0 0 0 rg BT 361.52 445.20 Td (of ) Tj ET Q q 0 0 0 rg BT 370.18 445.20 Td (each ) Tj ET Q q 0 0 0 rg BT 386.83 445.20 Td (film.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 429.60 Td (Produced ) Tj ET Q q 0 0 0 rg BT 81.29 429.60 Td (program ) Tj ET Q q 0 0 0 rg BT 109.96 429.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 129.75 429.60 Td (are ) Tj ET Q q 0 0 0 rg BT 141.09 429.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 174.65 429.60 Td (on ) Tj ET Q q 0 0 0 rg BT 184.22 429.60 Td (an ) Tj ET Q q 0 0 0 rg BT 193.34 429.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 227.35 429.60 Td (production ) Tj ET Q q 0 0 0 rg BT 263.58 429.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 281.15 429.60 Td (using ) Tj ET Q q 0 0 0 rg BT 300.06 429.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.41 429.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 327.64 429.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.87 429.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.22 429.60 Td (current ) Tj ET Q q 0 0 0 rg BT 371.44 429.60 Td (period's ) Tj ET Q q 0 0 0 rg BT 398.00 429.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 416.47 429.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 446.47 429.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.26 429.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 486.49 429.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 520.49 429.60 Td (total ) Tj ET Q q 0 0 0 rg BT 536.28 429.60 Td (ultimate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 420.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 79.49 420.00 Td (from ) Tj ET Q q 0 0 0 rg BT 96.60 420.00 Td (such ) Tj ET Q q 0 0 0 rg BT 112.82 420.00 Td (programs. ) Tj ET Q q 0 0 0 rg BT 146.59 420.00 Td (Produced ) Tj ET Q q 0 0 0 rg BT 178.37 420.00 Td (program ) Tj ET Q q 0 0 0 rg BT 207.03 420.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 226.81 420.00 Td (are ) Tj ET Q q 0 0 0 rg BT 238.13 420.00 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 270.34 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 278.12 420.00 Td (determine ) Tj ET Q q 0 0 0 rg BT 311.66 420.00 Td (if ) Tj ET Q q 0 0 0 rg BT 318.11 420.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 348.09 420.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 380.08 420.00 Td (less ) Tj ET Q q 0 0 0 rg BT 393.64 420.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 427.19 420.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 444.75 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 452.53 420.00 Td (be ) Tj ET Q q 0 0 0 rg BT 461.64 420.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 489.85 420.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 524.29 420.00 Td (exploitation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 410.40 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 70.01 410.40 Td (are ) Tj ET Q q 0 0 0 rg BT 81.62 410.40 Td (suf) Tj ET Q q 0 0 0 rg BT 91.26 410.40 Td (ficient ) Tj ET Q q 0 0 0 rg BT 113.54 410.40 Td (to ) Tj ET Q q 0 0 0 rg BT 121.61 410.40 Td (cover ) Tj ET Q q 0 0 0 rg BT 141.22 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 152.84 410.40 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 194.67 410.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 219.63 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 228.14 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 239.76 410.40 Td (program. ) Tj ET Q q 0 0 0 rg BT 270.57 410.40 Td (T) Tj ET Q q 0 0 0 rg BT 274.90 410.40 Td (o ) Tj ET Q q 0 0 0 rg BT 280.75 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 292.37 410.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 313.76 410.40 Td (that ) Tj ET Q q 0 0 0 rg BT 327.60 410.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 357.87 410.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 388.15 410.40 Td (are ) Tj ET Q q 0 0 0 rg BT 399.76 410.40 Td (insuf) Tj ET Q q 0 0 0 rg BT 415.62 410.40 Td (ficient, ) Tj ET Q q 0 0 0 rg BT 439.90 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 451.52 410.40 Td (program ) Tj ET Q q 0 0 0 rg BT 480.47 410.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 500.54 410.40 Td (are ) Tj ET Q q 0 0 0 rg BT 512.15 410.40 Td (written ) Tj ET Q q 0 0 0 rg BT 536.66 410.40 Td (down ) Tj ET Q q 0 0 0 rg BT 556.28 410.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (their ) Tj ET Q q 0 0 0 rg BT 66.16 400.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 79.26 400.80 Td (value. ) Tj ET Q q 0 0 0 rg BT 100.59 400.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 115.03 400.80 Td (analyses ) Tj ET Q q 0 0 0 rg BT 144.13 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 152.79 400.80 Td (our ) Tj ET Q q 0 0 0 rg BT 165.46 400.80 Td (produced ) Tj ET Q q 0 0 0 rg BT 197.22 400.80 Td (program ) Tj ET Q q 0 0 0 rg BT 226.32 400.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 246.55 400.80 Td (library ) Tj ET Q q 0 0 0 rg BT 269.87 400.80 Td (during2013 ) Tj ET Q q 0 0 0 rg BT 310.76 400.80 Td (resulted ) Tj ET Q q 0 0 0 rg BT 338.08 400.80 Td (in ) Tj ET Q q 0 0 0 rg BT 346.30 400.80 Td (programming ) Tj ET Q q 0 0 0 rg BT 391.85 400.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.73 400.80 Td (char) Tj ET Q q 0 0 0 rg BT 444.35 400.80 Td (ges ) Tj ET Q q 0 0 0 rg BT 457.02 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 465.68 400.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.91 400.80 Td (36.5 ) Tj ET Q q 0 0 0 rg BT 497.91 400.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.02 400.80 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 382.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 57.79 382.20 Td (operty) Tj ET Q q 0 0 0 rg BT 79.57 382.20 Td (, ) Tj ET Q q 0 0 0 rg BT 83.57 382.20 Td (Plant ) Tj ET Q q 0 0 0 rg BT 103.79 382.20 Td (and ) Tj ET Q q 0 0 0 rg BT 118.69 382.20 Td (Equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (Property) Tj ET Q q 0 0 0 rg BT 76.53 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 80.36 366.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 98.18 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 111.56 366.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 147.15 366.60 Td (is ) Tj ET Q q 0 0 0 rg BT 154.31 366.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 178.34 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 185.94 366.60 Td (cost, ) Tj ET Q q 0 0 0 rg BT 202.66 366.60 Td (less ) Tj ET Q q 0 0 0 rg BT 216.48 366.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 258.73 366.60 Td (depreciation. ) Tj ET Q q 0 0 0 rg BT 302.09 366.60 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 345.23 366.60 Td (is ) Tj ET Q q 0 0 0 rg BT 352.39 366.60 Td (computed ) Tj ET Q q 0 0 0 rg BT 385.77 366.60 Td (using ) Tj ET Q q 0 0 0 rg BT 404.93 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.53 366.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 457.01 366.60 Td (method ) Tj ET Q q 0 0 0 rg BT 482.83 366.60 Td (over ) Tj ET Q q 0 0 0 rg BT 498.87 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.47 366.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 542.96 366.60 Td (useful ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 357.00 Td (lives ) Tj ET Q q 0 0 0 rg BT 66.61 357.00 Td (assigned ) Tj ET Q q 0 0 0 rg BT 96.16 357.00 Td (to ) Tj ET Q q 0 0 0 rg BT 104.38 357.00 Td (each ) Tj ET Q q 0 0 0 rg BT 121.04 357.00 Td (major ) Tj ET Q q 0 0 0 rg BT 141.70 357.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 159.25 357.00 Td (category ) Tj ET Q q 0 0 0 rg BT 188.79 357.00 Td (as ) Tj ET Q q 0 0 0 rg BT 197.45 357.00 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 331.50 401.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 331.50 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 301.50 401.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 301.50 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 271.50 401.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.00 271.50 112.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 331.5 m 450 331.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 331.5 m 562 331.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.50 335.73 Td (Asset category) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 335.73 Td (Estimated useful life) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 320.75 Td (Land) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 320.75 Td (Indefinite) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 305.75 Td (Buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 305.75 Td (25 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 290.75 Td (Machinery, fixtures and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 290.75 Td (4 - 8 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 275.75 Td (Other equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 275.75 Td (3 - 8 years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 260.75 Td (Software licenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 260.75 Td (3 - 5 years) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 241.40 Td (Construction-in-progress ) Tj ET Q q 0 0 0 rg BT 131.38 241.40 Td (is ) Tj ET Q q 0 0 0 rg BT 138.61 241.40 Td (not ) Tj ET Q q 0 0 0 rg BT 150.72 241.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 189.47 241.40 Td (until ) Tj ET Q q 0 0 0 rg BT 206.03 241.40 Td (put ) Tj ET Q q 0 0 0 rg BT 218.14 241.40 Td (into ) Tj ET Q q 0 0 0 rg BT 232.48 241.40 Td (use. ) Tj ET Q q 0 0 0 rg BT 247.04 241.40 Td (Capital ) Tj ET Q q 0 0 0 rg BT 272.03 241.40 Td (leases ) Tj ET Q q 0 0 0 rg BT 293.02 241.40 Td (are ) Tj ET Q q 0 0 0 rg BT 304.68 241.40 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 343.43 241.40 Td (on ) Tj ET Q q 0 0 0 rg BT 353.32 241.40 Td (a ) Tj ET Q q 0 0 0 rg BT 358.77 241.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 399.31 241.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 417.20 241.40 Td (over ) Tj ET Q q 0 0 0 rg BT 433.31 241.40 Td (the ) Tj ET Q q 0 0 0 rg BT 444.97 241.40 Td (shorter ) Tj ET Q q 0 0 0 rg BT 469.08 241.40 Td (of ) Tj ET Q q 0 0 0 rg BT 477.63 241.40 Td (the ) Tj ET Q q 0 0 0 rg BT 489.30 241.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 521.84 241.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 543.29 241.40 Td (life ) Tj ET Q q 0 0 0 rg BT 555.84 241.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 231.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.29 231.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 78.86 231.80 Td (or ) Tj ET Q q 0 0 0 rg BT 87.54 231.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.34 231.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 117.34 231.80 Td (term. ) Tj ET Q q 0 0 0 rg BT 136.02 231.80 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 170.92 231.80 Td (improvements ) Tj ET Q q 0 0 0 rg BT 218.70 231.80 Td (are ) Tj ET Q q 0 0 0 rg BT 230.49 231.80 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 269.37 231.80 Td (over ) Tj ET Q q 0 0 0 rg BT 285.60 231.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.39 231.80 Td (shorter ) Tj ET Q q 0 0 0 rg BT 321.63 231.80 Td (of ) Tj ET Q q 0 0 0 rg BT 330.31 231.80 Td (the ) Tj ET Q q 0 0 0 rg BT 342.10 231.80 Td (related ) Tj ET Q q 0 0 0 rg BT 365.88 231.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 383.89 231.80 Td (term ) Tj ET Q q 0 0 0 rg BT 400.57 231.80 Td (or ) Tj ET Q q 0 0 0 rg BT 409.25 231.80 Td (the ) Tj ET Q q 0 0 0 rg BT 421.04 231.80 Td (life ) Tj ET Q q 0 0 0 rg BT 433.72 231.80 Td (of ) Tj ET Q q 0 0 0 rg BT 442.40 231.80 Td (the ) Tj ET Q q 0 0 0 rg BT 454.20 231.80 Td (asset. ) Tj ET Q q 0 0 0 rg BT 473.32 231.80 Td (Assets ) Tj ET Q q 0 0 0 rg BT 496.23 231.80 Td (to ) Tj ET Q q 0 0 0 rg BT 504.47 231.80 Td (be ) Tj ET Q q 0 0 0 rg BT 514.04 231.80 Td (disposed ) Tj ET Q q 0 0 0 rg BT 544.06 231.80 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 231.80 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 222.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 78.15 222.20 Td (at ) Tj ET Q q 0 0 0 rg BT 85.93 222.20 Td (the ) Tj ET Q q 0 0 0 rg BT 97.70 222.20 Td (lower ) Tj ET Q q 0 0 0 rg BT 117.91 222.20 Td (of ) Tj ET Q q 0 0 0 rg BT 126.58 222.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 155.23 222.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 181.23 222.20 Td (or ) Tj ET Q q 0 0 0 rg BT 189.89 222.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.99 222.20 Td (value, ) Tj ET Q q 0 0 0 rg BT 224.32 222.20 Td (less ) Tj ET Q q 0 0 0 rg BT 238.32 222.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 268.74 222.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 286.74 222.20 Td (of ) Tj ET Q q 0 0 0 rg BT 295.41 222.20 Td (disposal.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 203.60 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 91.07 203.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 114.40 203.60 Td (Including ) Tj ET Q q 0 0 0 rg BT 149.30 203.60 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 185.98 203.60 Td (Assets ) Tj ET Q q 0 0 0 rg BT 209.32 203.60 Td (with ) Tj ET Q q 0 0 0 rg BT 226.43 203.60 Td (Finite ) Tj ET Q q 0 0 0 rg BT 248.43 203.60 Td (Lives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 188.00 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 87.05 188.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 107.71 188.00 Td (include ) Tj ET Q q 0 0 0 rg BT 133.26 188.00 Td (property) Tj ET Q q 0 0 0 rg BT 159.84 188.00 Td (, ) Tj ET Q q 0 0 0 rg BT 163.84 188.00 Td (plant, ) Tj ET Q q 0 0 0 rg BT 183.84 188.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 219.61 188.00 Td (and ) Tj ET Q q 0 0 0 rg BT 233.16 188.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 267.15 188.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 287.81 188.00 Td (with ) Tj ET Q q 0 0 0 rg BT 304.04 188.00 Td (finite ) Tj ET Q q 0 0 0 rg BT 322.92 188.00 Td (lives.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 172.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 172.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.10 172.40 Td (review ) Tj ET Q q 0 0 0 rg BT 86.00 172.40 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 121.02 172.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 141.82 172.40 Td (for ) Tj ET Q q 0 0 0 rg BT 153.29 172.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 192.31 172.40 Td (whenever ) Tj ET Q q 0 0 0 rg BT 225.54 172.40 Td (events ) Tj ET Q q 0 0 0 rg BT 248.11 172.40 Td (or ) Tj ET Q q 0 0 0 rg BT 256.92 172.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 284.82 172.40 Td (in ) Tj ET Q q 0 0 0 rg BT 293.18 172.40 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 340.63 172.40 Td (indicate ) Tj ET Q q 0 0 0 rg BT 368.09 172.40 Td (that ) Tj ET Q q 0 0 0 rg BT 382.22 172.40 Td (the ) Tj ET Q q 0 0 0 rg BT 394.13 172.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 422.92 172.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 449.06 172.40 Td (of ) Tj ET Q q 0 0 0 rg BT 457.86 172.40 Td (an ) Tj ET Q q 0 0 0 rg BT 467.55 172.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 485.23 172.40 Td (may ) Tj ET Q q 0 0 0 rg BT 501.15 172.40 Td (not ) Tj ET Q q 0 0 0 rg BT 513.51 172.40 Td (be ) Tj ET Q q 0 0 0 rg BT 523.19 172.40 Td (recoverable. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 162.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.35 162.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 93.42 162.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.95 162.80 Td (of ) Tj ET Q q 0 0 0 rg BT 132.03 162.80 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 167.33 162.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 188.41 162.80 Td (are ) Tj ET Q q 0 0 0 rg BT 200.59 162.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 237.66 162.80 Td (impaired ) Tj ET Q q 0 0 0 rg BT 268.51 162.80 Td (when ) Tj ET Q q 0 0 0 rg BT 288.26 162.80 Td (the ) Tj ET Q q 0 0 0 rg BT 300.45 162.80 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 337.96 162.80 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 383.04 162.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.67 162.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 419.86 162.80 Td (from ) Tj ET Q q 0 0 0 rg BT 437.83 162.80 Td (such ) Tj ET Q q 0 0 0 rg BT 454.91 162.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 475.99 162.80 Td (are ) Tj ET Q q 0 0 0 rg BT 488.18 162.80 Td (less ) Tj ET Q q 0 0 0 rg BT 502.59 162.80 Td (than ) Tj ET Q q 0 0 0 rg BT 518.78 162.80 Td (their ) Tj ET Q q 0 0 0 rg BT 535.86 162.80 Td (carrying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 153.20 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 80.04 153.20 Td (In ) Tj ET Q q 0 0 0 rg BT 88.14 153.20 Td (that ) Tj ET Q q 0 0 0 rg BT 101.57 153.20 Td (event, ) Tj ET Q q 0 0 0 rg BT 122.33 153.20 Td (a ) Tj ET Q q 0 0 0 rg BT 127.31 153.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 141.20 153.20 Td (is ) Tj ET Q q 0 0 0 rg BT 147.96 153.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 184.49 153.20 Td (based ) Tj ET Q q 0 0 0 rg BT 204.14 153.20 Td (on ) Tj ET Q q 0 0 0 rg BT 213.57 153.20 Td (the ) Tj ET Q q 0 0 0 rg BT 224.78 153.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 250.21 153.20 Td (by ) Tj ET Q q 0 0 0 rg BT 259.64 153.20 Td (which ) Tj ET Q q 0 0 0 rg BT 280.63 153.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.83 153.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 319.92 153.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 345.35 153.20 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 372.10 153.20 Td (the ) Tj ET Q q 0 0 0 rg BT 383.30 153.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 395.84 153.20 Td (value. ) Tj ET Q q 0 0 0 rg BT 416.49 153.20 Td (W) Tj ET Q q 0 0 0 rg BT 423.40 153.20 Td (e ) Tj ET Q q 0 0 0 rg BT 428.39 153.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 457.80 153.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 481.00 153.20 Td (impairments ) Tj ET Q q 0 0 0 rg BT 522.42 153.20 Td (of ) Tj ET Q q 0 0 0 rg BT 530.52 153.20 Td (amortized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 143.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 83.49 143.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 104.16 143.60 Td (in ) Tj ET Q q 0 0 0 rg BT 112.38 143.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.04 143.60 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 154.59 143.60 Td (and ) Tj ET Q q 0 0 0 rg BT 168.14 143.60 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 198.14 143.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 230.35 143.60 Td (segments ) Tj ET Q q 0 0 0 rg BT 262.12 143.60 Td (during ) Tj ET Q q 0 0 0 rg BT 285.01 143.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.78 143.60 Td (year ) Tj ET Q q 0 0 0 rg BT 312.55 143.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 333.65 143.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 380.52 143.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 398.52 143.60 Td (\(see ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.39 143.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 430.95 143.60 Td (4, ) Tj ET Q q 0 0 0 rg BT 438.95 143.60 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 474.43 143.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.98 143.60 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 521.98 143.60 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.13 143.60 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 125.00 Td (Goodwill and Indefinite-Lived Intangible ) Tj ET Q q 0 0 0 rg BT 191.75 125.00 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 109.40 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 81.15 109.40 Td (represents ) Tj ET Q q 0 0 0 rg BT 115.01 109.40 Td (the ) Tj ET Q q 0 0 0 rg BT 126.21 109.40 Td (excess ) Tj ET Q q 0 0 0 rg BT 148.52 109.40 Td (of ) Tj ET Q q 0 0 0 rg BT 156.62 109.40 Td (the ) Tj ET Q q 0 0 0 rg BT 167.82 109.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 180.35 109.40 Td (value ) Tj ET Q q 0 0 0 rg BT 199.11 109.40 Td (of ) Tj ET Q q 0 0 0 rg BT 207.20 109.40 Td (consideration ) Tj ET Q q 0 0 0 rg BT 251.73 109.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 266.93 109.40 Td (over ) Tj ET Q q 0 0 0 rg BT 282.57 109.40 Td (the ) Tj ET Q q 0 0 0 rg BT 293.78 109.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 306.31 109.40 Td (value ) Tj ET Q q 0 0 0 rg BT 325.06 109.40 Td (of ) Tj ET Q q 0 0 0 rg BT 333.16 109.40 Td (net ) Tj ET Q q 0 0 0 rg BT 344.36 109.40 Td (tangible ) Tj ET Q q 0 0 0 rg BT 371.56 109.40 Td (and ) Tj ET Q q 0 0 0 rg BT 384.54 109.40 Td (other ) Tj ET Q q 0 0 0 rg BT 402.41 109.40 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 440.27 109.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 473.69 109.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 493.78 109.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 522.75 109.40 Td (in ) Tj ET Q q 0 0 0 rg BT 530.40 109.40 Td (a ) Tj ET Q q 0 0 0 rg BT 535.38 109.40 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 99.80 Td (combination.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 84.20 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 84.20 Td (e ) Tj ET Q q 0 0 0 rg BT 61.91 84.20 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 90.50 84.20 Td (the ) Tj ET Q q 0 0 0 rg BT 102.22 84.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 130.81 84.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 156.75 84.20 Td (of ) Tj ET Q q 0 0 0 rg BT 165.36 84.20 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 195.75 84.20 Td (for ) Tj ET Q q 0 0 0 rg BT 207.02 84.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 245.85 84.20 Td (in ) Tj ET Q q 0 0 0 rg BT 254.01 84.20 Td (the ) Tj ET Q q 0 0 0 rg BT 265.73 84.20 Td (fourth ) Tj ET Q q 0 0 0 rg BT 287.23 84.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 311.82 84.20 Td (of ) Tj ET Q q 0 0 0 rg BT 320.43 84.20 Td (each ) Tj ET Q q 0 0 0 rg BT 337.03 84.20 Td (year) Tj ET Q q 0 0 0 rg BT 350.47 84.20 Td (, ) Tj ET Q q 0 0 0 rg BT 354.42 84.20 Td (or ) Tj ET Q q 0 0 0 rg BT 363.03 84.20 Td (more ) Tj ET Q q 0 0 0 rg BT 381.41 84.20 Td (frequently ) Tj ET Q q 0 0 0 rg BT 416.23 84.20 Td (if ) Tj ET Q q 0 0 0 rg BT 423.06 84.20 Td (events ) Tj ET Q q 0 0 0 rg BT 445.44 84.20 Td (or ) Tj ET Q q 0 0 0 rg BT 454.05 84.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 481.76 84.20 Td (in ) Tj ET Q q 0 0 0 rg BT 489.93 84.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 537.18 84.20 Td (indicate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 74.60 Td (that ) Tj ET Q q 0 0 0 rg BT 63.34 74.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.95 74.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 92.34 74.60 Td (might ) Tj ET Q q 0 0 0 rg BT 112.85 74.60 Td (be ) Tj ET Q q 0 0 0 rg BT 122.24 74.60 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 154.11 74.60 Td (An ) Tj ET Q q 0 0 0 rg BT 165.72 74.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 204.44 74.60 Td (exists ) Tj ET Q q 0 0 0 rg BT 224.50 74.60 Td (when ) Tj ET Q q 0 0 0 rg BT 243.67 74.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.29 74.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 283.78 74.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 309.61 74.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.12 74.60 Td (a ) Tj ET Q q 0 0 0 rg BT 323.51 74.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 354.67 74.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 368.96 74.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 403.68 74.60 Td (its ) Tj ET Q q 0 0 0 rg BT 413.08 74.60 Td (goodwill\), ) Tj ET Q q 0 0 0 rg BT 448.03 74.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 475.18 74.60 Td (its ) Tj ET Q q 0 0 0 rg BT 484.58 74.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 497.52 74.60 Td (value ) Tj ET Q q 0 0 0 rg BT 516.69 74.60 Td (after ) Tj ET Q q 0 0 0 rg BT 533.18 74.60 Td (adjusting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 65.00 Td (for ) Tj ET Q q 0 0 0 rg BT 60.83 65.00 Td (any ) Tj ET Q q 0 0 0 rg BT 74.38 65.00 Td (impairments ) Tj ET Q q 0 0 0 rg BT 116.37 65.00 Td (of ) Tj ET Q q 0 0 0 rg BT 125.04 65.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 159.92 65.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 180.58 65.00 Td (or ) Tj ET Q q 0 0 0 rg BT 189.25 65.00 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 240.56 65.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 274.55 65.00 Td (assets.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 81.72 723.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 120.61 723.50 Td (is ) Tj ET Q q 0 0 0 rg BT 127.94 723.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 160.60 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 169.26 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 181.04 723.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 203.92 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 212.59 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 224.36 723.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 253.02 723.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 279.01 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 287.68 723.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 318.13 723.50 Td (over ) Tj ET Q q 0 0 0 rg BT 334.34 723.50 Td (its ) Tj ET Q q 0 0 0 rg BT 343.90 723.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 370.35 723.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 383.45 723.50 Td (value, ) Tj ET Q q 0 0 0 rg BT 404.78 723.50 Td (which ) Tj ET Q q 0 0 0 rg BT 426.33 723.50 Td (is ) Tj ET Q q 0 0 0 rg BT 433.67 723.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 468.09 723.50 Td (by ) Tj ET Q q 0 0 0 rg BT 478.09 723.50 Td (deducting ) Tj ET Q q 0 0 0 rg BT 511.64 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 523.42 723.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 536.52 723.50 Td (value ) Tj ET Q q 0 0 0 rg BT 555.85 723.50 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (all ) Tj ET Q q 0 0 0 rg BT 59.60 713.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 80.37 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 94.02 713.90 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 127.90 713.90 Td (including ) Tj ET Q q 0 0 0 rg BT 160.22 713.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 197.41 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 211.07 713.90 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 256.26 713.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 290.36 713.90 Td (assets, ) Tj ET Q q 0 0 0 rg BT 313.13 713.90 Td (from ) Tj ET Q q 0 0 0 rg BT 330.78 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 342.66 713.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 355.86 713.90 Td (value ) Tj ET Q q 0 0 0 rg BT 375.29 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 384.06 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.93 713.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 427.36 713.90 Td (unit. ) Tj ET Q q 0 0 0 rg BT 443.91 713.90 Td (During ) Tj ET Q q 0 0 0 rg BT 468.68 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 480.55 713.90 Td (year ) Tj ET Q q 0 0 0 rg BT 496.42 713.90 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.63 713.90 Td (December31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.50 704.30 Td (, ) Tj ET Q q 0 0 0 rg BT 69.30 704.30 Td (we ) Tj ET Q q 0 0 0 rg BT 80.42 704.30 Td (had ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.77 704.30 Td (six) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.11 704.30 Td ( ) Tj ET Q q 0 0 0 rg BT 104.91 704.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 136.92 704.30 Td (segments, ) Tj ET Q q 0 0 0 rg BT 170.49 704.30 Td (which ) Tj ET Q q 0 0 0 rg BT 191.83 704.30 Td (were ) Tj ET Q q 0 0 0 rg BT 209.18 704.30 Td (also ) Tj ET Q q 0 0 0 rg BT 223.86 704.30 Td (our ) Tj ET Q q 0 0 0 rg BT 236.32 704.30 Td (reportable ) Tj ET Q q 0 0 0 rg BT 270.55 704.30 Td (segments ) Tj ET Q q 0 0 0 rg BT 302.12 704.30 Td (and ) Tj ET Q q 0 0 0 rg BT 315.47 704.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 346.59 704.30 Td (units ) Tj ET Q q 0 0 0 rg BT 363.94 704.30 Td (as ) Tj ET Q q 0 0 0 rg BT 372.41 704.30 Td (described ) Tj ET Q q 0 0 0 rg BT 404.86 704.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.88 704.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 430.23 704.30 Td (20, ) Tj ET Q q 0 0 0 rg BT 442.02 704.30 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 475.08 704.30 Td (Data") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.45 704.30 Td (. ) Tj ET Q q 0 0 0 rg BT 497.12 704.30 Td (The ) Tj ET Q q 0 0 0 rg BT 511.35 704.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 524.25 704.30 Td (value ) Tj ET Q q 0 0 0 rg BT 543.38 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 551.84 704.30 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 80.74 694.70 Td (units ) Tj ET Q q 0 0 0 rg BT 98.21 694.70 Td (is ) Tj ET Q q 0 0 0 rg BT 105.46 694.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 143.35 694.70 Td (based ) Tj ET Q q 0 0 0 rg BT 163.48 694.70 Td (on ) Tj ET Q q 0 0 0 rg BT 173.39 694.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 205.07 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.65 694.70 Td (future ) Tj ET Q q 0 0 0 rg BT 234.66 694.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.79 694.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 270.48 694.70 Td (discounted ) Tj ET Q q 0 0 0 rg BT 307.05 694.70 Td (at ) Tj ET Q q 0 0 0 rg BT 314.74 694.70 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 353.07 694.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 370.09 694.70 Td (and ) Tj ET Q q 0 0 0 rg BT 383.55 694.70 Td (on ) Tj ET Q q 0 0 0 rg BT 393.46 694.70 Td (publicly ) Tj ET Q q 0 0 0 rg BT 421.59 694.70 Td (available ) Tj ET Q q 0 0 0 rg BT 452.38 694.70 Td (information, ) Tj ET Q q 0 0 0 rg BT 494.06 694.70 Td (where ) Tj ET Q q 0 0 0 rg BT 515.51 694.70 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 555.85 694.70 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.28 685.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 98.84 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.52 685.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 144.19 685.10 Td (future ) Tj ET Q q 0 0 0 rg BT 165.30 685.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.52 685.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 201.31 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.09 685.10 Td (following ) Tj ET Q q 0 0 0 rg BT 246.21 685.10 Td (data ) Tj ET Q q 0 0 0 rg BT 261.55 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.89 685.10 Td (used: ) Tj ET Q q 0 0 0 rg BT 287.79 685.10 Td (management ) Tj ET Q q 0 0 0 rg BT 330.67 685.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 349.57 685.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.90 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 366.46 685.10 Td (period ) Tj ET Q q 0 0 0 rg BT 388.91 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.59 685.10 Td (at ) Tj ET Q q 0 0 0 rg BT 405.37 685.10 Td (least ) Tj ET Q q 0 0 0 rg BT 422.04 685.10 Td (five ) Tj ET Q q 0 0 0 rg BT 436.49 685.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 457.38 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.94 685.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 491.60 685.10 Td (value ) Tj ET Q q 0 0 0 rg BT 510.94 685.10 Td (at ) Tj ET Q q 0 0 0 rg BT 518.72 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.50 685.10 Td (end ) Tj ET Q q 0 0 0 rg BT 544.06 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 685.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 675.50 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 84.37 675.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 109.92 675.50 Td (assuming ) Tj ET Q q 0 0 0 rg BT 142.14 675.50 Td (an ) Tj ET Q q 0 0 0 rg BT 151.69 675.50 Td (inflationary ) Tj ET Q q 0 0 0 rg BT 191.01 675.50 Td (perpetual ) Tj ET Q q 0 0 0 rg BT 222.77 675.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 247.44 675.50 Td (rate, ) Tj ET Q q 0 0 0 rg BT 263.43 675.50 Td (and ) Tj ET Q q 0 0 0 rg BT 276.98 675.50 Td (a ) Tj ET Q q 0 0 0 rg BT 282.53 675.50 Td (discount ) Tj ET Q q 0 0 0 rg BT 311.64 675.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 325.63 675.50 Td (selected ) Tj ET Q q 0 0 0 rg BT 353.39 675.50 Td (with ) Tj ET Q q 0 0 0 rg BT 369.61 675.50 Td (reference ) Tj ET Q q 0 0 0 rg BT 401.36 675.50 Td (to ) Tj ET Q q 0 0 0 rg BT 409.58 675.50 Td (the ) Tj ET Q q 0 0 0 rg BT 421.35 675.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 449.11 675.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 464.00 675.50 Td (of ) Tj ET Q q 0 0 0 rg BT 472.66 675.50 Td (capital.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 659.90 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 101.40 659.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 135.53 659.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 156.33 659.90 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.24 659.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 211.25 659.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.25 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 229.39 659.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 253.75 659.90 Td (solely ) Tj ET Q q 0 0 0 rg BT 275.00 659.90 Td (of ) Tj ET Q q 0 0 0 rg BT 283.80 659.90 Td (trademarks, ) Tj ET Q q 0 0 0 rg BT 323.48 659.90 Td (which ) Tj ET Q q 0 0 0 rg BT 345.17 659.90 Td (are ) Tj ET Q q 0 0 0 rg BT 357.07 659.90 Td (not ) Tj ET Q q 0 0 0 rg BT 369.43 659.90 Td (amortized. ) Tj ET Q q 0 0 0 rg BT 405.40 659.90 Td (W) Tj ET Q q 0 0 0 rg BT 412.31 659.90 Td (e ) Tj ET Q q 0 0 0 rg BT 418.00 659.90 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 446.79 659.90 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 498.24 659.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 532.37 659.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 553.18 659.90 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 88.39 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 96.63 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 108.42 650.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 129.99 650.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 154.66 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.34 650.30 Td (each ) Tj ET Q q 0 0 0 rg BT 180.00 650.30 Td (year) Tj ET Q q 0 0 0 rg BT 193.45 650.30 Td (, ) Tj ET Q q 0 0 0 rg BT 197.46 650.30 Td (or ) Tj ET Q q 0 0 0 rg BT 206.14 650.30 Td (more ) Tj ET Q q 0 0 0 rg BT 224.60 650.30 Td (frequently ) Tj ET Q q 0 0 0 rg BT 259.49 650.30 Td (if ) Tj ET Q q 0 0 0 rg BT 266.39 650.30 Td (events ) Tj ET Q q 0 0 0 rg BT 288.84 650.30 Td (or ) Tj ET Q q 0 0 0 rg BT 297.52 650.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 325.30 650.30 Td (in ) Tj ET Q q 0 0 0 rg BT 333.54 650.30 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 380.87 650.30 Td (indicate ) Tj ET Q q 0 0 0 rg BT 408.21 650.30 Td (that ) Tj ET Q q 0 0 0 rg BT 422.22 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 434.01 650.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 451.57 650.30 Td (might ) Tj ET Q q 0 0 0 rg BT 472.26 650.30 Td (be ) Tj ET Q q 0 0 0 rg BT 481.82 650.30 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 513.83 650.30 Td (An ) Tj ET Q q 0 0 0 rg BT 525.62 650.30 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 640.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 63.42 640.70 Td (is ) Tj ET Q q 0 0 0 rg BT 70.23 640.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 106.79 640.70 Td (if ) Tj ET Q q 0 0 0 rg BT 113.15 640.70 Td (the ) Tj ET Q q 0 0 0 rg BT 124.39 640.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 152.52 640.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 177.99 640.70 Td (of ) Tj ET Q q 0 0 0 rg BT 186.12 640.70 Td (an ) Tj ET Q q 0 0 0 rg BT 195.14 640.70 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 245.93 640.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 279.40 640.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 296.42 640.70 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 323.21 640.70 Td (its ) Tj ET Q q 0 0 0 rg BT 332.24 640.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 344.81 640.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 365.50 640.70 Td (W) Tj ET Q q 0 0 0 rg BT 372.41 640.70 Td (e ) Tj ET Q q 0 0 0 rg BT 377.43 640.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 406.88 640.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 430.12 640.70 Td (impairments ) Tj ET Q q 0 0 0 rg BT 471.58 640.70 Td (of ) Tj ET Q q 0 0 0 rg BT 479.72 640.70 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 530.50 640.70 Td (intangible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.16 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.71 631.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 114.16 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.38 631.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.05 631.10 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 164.59 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.14 631.10 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 208.14 631.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 239.46 631.10 Td (units ) Tj ET Q q 0 0 0 rg BT 257.02 631.10 Td (during ) Tj ET Q q 0 0 0 rg BT 279.91 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.68 631.10 Td (year ) Tj ET Q q 0 0 0 rg BT 307.45 631.10 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.55 631.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 375.42 631.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.42 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.42 631.10 Td (\(see ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 631.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 425.85 631.10 Td (4, ) Tj ET Q q 0 0 0 rg BT 433.85 631.10 Td ("Goodwill ) Tj ET Q q 0 0 0 rg BT 469.34 631.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.89 631.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 516.88 631.10 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.04 631.10 Td (\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 612.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 76.68 612.50 Td (T) Tj ET Q q 0 0 0 rg BT 81.29 612.50 Td (axes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 596.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.57 596.90 Td (account ) Tj ET Q q 0 0 0 rg BT 88.05 596.90 Td (for ) Tj ET Q q 0 0 0 rg BT 98.98 596.90 Td (income ) Tj ET Q q 0 0 0 rg BT 124.13 596.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 142.18 596.90 Td (under ) Tj ET Q q 0 0 0 rg BT 162.00 596.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.38 596.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 190.53 596.90 Td (and ) Tj ET Q q 0 0 0 rg BT 203.69 596.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 230.18 596.90 Td (method. ) Tj ET Q q 0 0 0 rg BT 257.78 596.90 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 287.81 596.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.19 596.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.46 596.90 Td (and ) Tj ET Q q 0 0 0 rg BT 332.61 596.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 363.99 596.90 Td (are ) Tj ET Q q 0 0 0 rg BT 375.36 596.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 412.06 596.90 Td (for ) Tj ET Q q 0 0 0 rg BT 422.99 596.90 Td (the ) Tj ET Q q 0 0 0 rg BT 434.37 596.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 464.40 596.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.78 596.90 Td (consequences ) Tj ET Q q 0 0 0 rg BT 521.37 596.90 Td (of ) Tj ET Q q 0 0 0 rg BT 529.64 596.90 Td (temporary ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 587.30 Td (dif) Tj ET Q q 0 0 0 rg BT 58.24 587.30 Td (ferences ) Tj ET Q q 0 0 0 rg BT 87.50 587.30 Td (between ) Tj ET Q q 0 0 0 rg BT 116.78 587.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.17 587.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.56 587.30 Td (bases ) Tj ET Q q 0 0 0 rg BT 161.50 587.30 Td (of ) Tj ET Q q 0 0 0 rg BT 170.79 587.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 192.07 587.30 Td (and ) Tj ET Q q 0 0 0 rg BT 206.24 587.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 238.63 587.30 Td (and ) Tj ET Q q 0 0 0 rg BT 252.80 587.30 Td (their ) Tj ET Q q 0 0 0 rg BT 270.08 587.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 299.35 587.30 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 331.08 587.30 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 362.12 587.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 374.51 587.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 395.79 587.30 Td (and ) Tj ET Q q 0 0 0 rg BT 409.96 587.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 442.35 587.30 Td (are ) Tj ET Q q 0 0 0 rg BT 454.73 587.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 488.00 587.30 Td (using ) Tj ET Q q 0 0 0 rg BT 507.96 587.30 Td (enacted ) Tj ET Q q 0 0 0 rg BT 535.00 587.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 547.39 587.30 Td (rates ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 577.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 80.00 577.70 Td (to ) Tj ET Q q 0 0 0 rg BT 88.29 577.70 Td (apply ) Tj ET Q q 0 0 0 rg BT 108.14 577.70 Td (to ) Tj ET Q q 0 0 0 rg BT 116.43 577.70 Td (taxable ) Tj ET Q q 0 0 0 rg BT 141.60 577.70 Td (income ) Tj ET Q q 0 0 0 rg BT 167.22 577.70 Td (in ) Tj ET Q q 0 0 0 rg BT 175.52 577.70 Td (the ) Tj ET Q q 0 0 0 rg BT 187.36 577.70 Td (year ) Tj ET Q q 0 0 0 rg BT 203.20 577.70 Td (in ) Tj ET Q q 0 0 0 rg BT 211.50 577.70 Td (which ) Tj ET Q q 0 0 0 rg BT 233.12 577.70 Td (the ) Tj ET Q q 0 0 0 rg BT 244.96 577.70 Td (temporary ) Tj ET Q q 0 0 0 rg BT 279.91 577.70 Td (dif) Tj ET Q q 0 0 0 rg BT 288.65 577.70 Td (ferences ) Tj ET Q q 0 0 0 rg BT 317.37 577.70 Td (are ) Tj ET Q q 0 0 0 rg BT 329.21 577.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.71 577.70 Td (to ) Tj ET Q q 0 0 0 rg BT 368.00 577.70 Td (be ) Tj ET Q q 0 0 0 rg BT 377.63 577.70 Td (recovered ) Tj ET Q q 0 0 0 rg BT 411.23 577.70 Td (or ) Tj ET Q q 0 0 0 rg BT 419.96 577.70 Td (settled. ) Tj ET Q q 0 0 0 rg BT 444.77 577.70 Td (V) Tj ET Q q 0 0 0 rg BT 449.66 577.70 Td (aluation ) Tj ET Q q 0 0 0 rg BT 477.50 577.70 Td (allowances ) Tj ET Q q 0 0 0 rg BT 515.11 577.70 Td (are ) Tj ET Q q 0 0 0 rg BT 526.95 577.70 Td (established ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (when ) Tj ET Q q 0 0 0 rg BT 69.03 568.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 102.32 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.75 568.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 134.26 568.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 163.11 568.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.08 568.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 195.94 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.37 568.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 233.68 568.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.43 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 267.39 568.10 Td (more ) Tj ET Q q 0 0 0 rg BT 286.03 568.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 306.45 568.10 Td (than ) Tj ET Q q 0 0 0 rg BT 322.42 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 334.85 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.27 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 353.02 568.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 382.53 568.10 Td (In ) Tj ET Q q 0 0 0 rg BT 391.40 568.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 426.92 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.89 568.10 Td (realizability ) Tj ET Q q 0 0 0 rg BT 479.29 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.16 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.02 568.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 529.87 568.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 541.84 568.10 Td (assets, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 558.50 Td (we ) Tj ET Q q 0 0 0 rg BT 60.57 558.50 Td (consider ) Tj ET Q q 0 0 0 rg BT 89.42 558.50 Td (all ) Tj ET Q q 0 0 0 rg BT 99.16 558.50 Td (available ) Tj ET Q q 0 0 0 rg BT 129.78 558.50 Td (positive ) Tj ET Q q 0 0 0 rg BT 156.86 558.50 Td (and ) Tj ET Q q 0 0 0 rg BT 170.16 558.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 199.00 558.50 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 231.17 558.50 Td (including ) Tj ET Q q 0 0 0 rg BT 263.14 558.50 Td (future ) Tj ET Q q 0 0 0 rg BT 283.98 558.50 Td (reversals ) Tj ET Q q 0 0 0 rg BT 314.16 558.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.57 558.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 349.65 558.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 374.49 558.50 Td (temporary ) Tj ET Q q 0 0 0 rg BT 409.11 558.50 Td (dif) Tj ET Q q 0 0 0 rg BT 417.86 558.50 Td (ferences, ) Tj ET Q q 0 0 0 rg BT 448.25 558.50 Td (projected ) Tj ET Q q 0 0 0 rg BT 479.75 558.50 Td (future ) Tj ET Q q 0 0 0 rg BT 500.60 558.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 525.45 558.50 Td (income, ) Tj ET Q q 0 0 0 rg BT 552.74 558.50 Td (tax ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 548.90 Td (planning ) Tj ET Q q 0 0 0 rg BT 79.50 548.90 Td (strategies ) Tj ET Q q 0 0 0 rg BT 111.71 548.90 Td (and ) Tj ET Q q 0 0 0 rg BT 125.26 548.90 Td (recent ) Tj ET Q q 0 0 0 rg BT 146.80 548.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.78 548.90 Td (operations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 533.30 Td (e ) Tj ET Q q 0 0 0 rg BT 61.88 533.30 Td (recognize ) Tj ET Q q 0 0 0 rg BT 94.90 533.30 Td (in ) Tj ET Q q 0 0 0 rg BT 103.04 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 114.74 533.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.09 533.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.00 533.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.69 533.30 Td (those ) Tj ET Q q 0 0 0 rg BT 241.50 533.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 253.20 533.30 Td (positions ) Tj ET Q q 0 0 0 rg BT 284.02 533.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 321.92 533.30 Td (to ) Tj ET Q q 0 0 0 rg BT 330.07 533.30 Td (be ) Tj ET Q q 0 0 0 rg BT 339.54 533.30 Td (more ) Tj ET Q q 0 0 0 rg BT 361.46 533.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 381.60 533.30 Td (than ) Tj ET Q q 0 0 0 rg BT 397.29 533.30 Td (not ) Tj ET Q q 0 0 0 rg BT 412.99 533.30 Td (of ) Tj ET Q q 0 0 0 rg BT 421.58 533.30 Td (being ) Tj ET Q q 0 0 0 rg BT 441.27 533.30 Td (sustained ) Tj ET Q q 0 0 0 rg BT 472.97 533.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 490.89 533.30 Td (examination, ) Tj ET Q q 0 0 0 rg BT 534.36 533.30 Td (based ) Tj ET Q q 0 0 0 rg BT 554.50 533.30 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 60.88 523.70 Td (technical ) Tj ET Q q 0 0 0 rg BT 91.36 523.70 Td (merits ) Tj ET Q q 0 0 0 rg BT 112.96 523.70 Td (of ) Tj ET Q q 0 0 0 rg BT 121.23 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.61 523.70 Td (positions ) Tj ET Q q 0 0 0 rg BT 163.11 523.70 Td (and ) Tj ET Q q 0 0 0 rg BT 176.26 523.70 Td (we ) Tj ET Q q 0 0 0 rg BT 187.20 523.70 Td (recognize, ) Tj ET Q q 0 0 0 rg BT 221.89 523.70 Td (when ) Tj ET Q q 0 0 0 rg BT 240.82 523.70 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 277.30 523.70 Td (both ) Tj ET Q q 0 0 0 rg BT 293.13 523.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 319.60 523.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 344.75 523.70 Td (and ) Tj ET Q q 0 0 0 rg BT 357.91 523.70 Td (penalties ) Tj ET Q q 0 0 0 rg BT 387.95 523.70 Td (related ) Tj ET Q q 0 0 0 rg BT 411.32 523.70 Td (to ) Tj ET Q q 0 0 0 rg BT 419.14 523.70 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 450.51 523.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 461.89 523.70 Td (positions ) Tj ET Q q 0 0 0 rg BT 492.39 523.70 Td (in ) Tj ET Q q 0 0 0 rg BT 500.22 523.70 Td (income ) Tj ET Q q 0 0 0 rg BT 525.37 523.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.75 523.70 Td (expense ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 514.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 118.14 514.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.58 514.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 196.35 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.01 514.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.34 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.89 514.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 304.31 514.10 Td (income.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 495.50 Td (For) Tj ET Q q 0 0 0 rg BT 61.79 495.50 Td (eign ) Tj ET Q q 0 0 0 rg BT 78.02 495.50 Td (Curr) Tj ET Q q 0 0 0 rg BT 95.20 495.50 Td (ency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 476.90 Td (T) Tj ET Q q 0 0 0 rg BT 53.51 476.90 Td (ranslation ) Tj ET Q q 0 0 0 rg BT 88.40 476.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.63 476.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.07 476.90 Td (statements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 461.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.39 461.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 94.17 461.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 123.60 461.30 Td (is ) Tj ET Q q 0 0 0 rg BT 130.39 461.30 Td (the ) Tj ET Q q 0 0 0 rg BT 141.62 461.30 Td (dollar) Tj ET Q q 0 0 0 rg BT 159.83 461.30 Td (. ) Tj ET Q q 0 0 0 rg BT 163.18 461.30 Td (The ) Tj ET Q q 0 0 0 rg BT 177.07 461.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 206.51 461.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 241.73 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 249.85 461.30 Td (our ) Tj ET Q q 0 0 0 rg BT 261.96 461.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.74 461.30 Td (whose ) Tj ET Q q 0 0 0 rg BT 318.63 461.30 Td (functional ) Tj ET Q q 0 0 0 rg BT 352.52 461.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 381.95 461.30 Td (is ) Tj ET Q q 0 0 0 rg BT 388.74 461.30 Td (other ) Tj ET Q q 0 0 0 rg BT 406.63 461.30 Td (than ) Tj ET Q q 0 0 0 rg BT 421.85 461.30 Td (the ) Tj ET Q q 0 0 0 rg BT 433.08 461.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 453.19 461.30 Td (are ) Tj ET Q q 0 0 0 rg BT 464.41 461.30 Td (translated ) Tj ET Q q 0 0 0 rg BT 496.96 461.30 Td (from ) Tj ET Q q 0 0 0 rg BT 513.96 461.30 Td (such ) Tj ET Q q 0 0 0 rg BT 530.08 461.30 Td (functional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 451.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 79.46 451.70 Td (to ) Tj ET Q q 0 0 0 rg BT 87.66 451.70 Td (dollars ) Tj ET Q q 0 0 0 rg BT 111.41 451.70 Td (at ) Tj ET Q q 0 0 0 rg BT 119.16 451.70 Td (the ) Tj ET Q q 0 0 0 rg BT 130.91 451.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 163.09 451.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 180.17 451.70 Td (in ) Tj ET Q q 0 0 0 rg BT 188.37 451.70 Td (ef) Tj ET Q q 0 0 0 rg BT 194.44 451.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 208.41 451.70 Td (at ) Tj ET Q q 0 0 0 rg BT 216.16 451.70 Td (the ) Tj ET Q q 0 0 0 rg BT 227.91 451.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 254.31 451.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 272.73 451.70 Td (date ) Tj ET Q q 0 0 0 rg BT 288.03 451.70 Td (for ) Tj ET Q q 0 0 0 rg BT 299.33 451.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 319.98 451.70 Td (and ) Tj ET Q q 0 0 0 rg BT 333.50 451.70 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 367.26 451.70 Td (and ) Tj ET Q q 0 0 0 rg BT 380.78 451.70 Td (at ) Tj ET Q q 0 0 0 rg BT 388.54 451.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 419.84 451.70 Td (average ) Tj ET Q q 0 0 0 rg BT 446.68 451.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 463.76 451.70 Td (for ) Tj ET Q q 0 0 0 rg BT 475.07 451.70 Td (the ) Tj ET Q q 0 0 0 rg BT 486.82 451.70 Td (period ) Tj ET Q q 0 0 0 rg BT 509.23 451.70 Td (for ) Tj ET Q q 0 0 0 rg BT 520.54 451.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.95 451.70 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 82.35 442.10 Td (including ) Tj ET Q q 0 0 0 rg BT 114.54 442.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 133.39 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.91 442.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 169.85 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 174.46 442.10 Td (ranslational ) Tj ET Q q 0 0 0 rg BT 213.75 442.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 232.61 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.13 442.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 267.21 442.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.95 442.10 Td (char) Tj ET Q q 0 0 0 rg BT 292.57 442.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 306.09 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.72 442.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 342.45 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.64 442.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 393.04 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 411.44 442.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 461.84 442.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 489.36 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.88 442.10 Td (component ) Tj ET Q q 0 0 0 rg BT 532.39 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.03 442.10 Td (equity) Tj ET Q q 0 0 0 rg BT 560.50 442.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 426.50 Td (During ) Tj ET Q q 0 0 0 rg BT 73.82 426.50 Td (the ) Tj ET Q q 0 0 0 rg BT 85.25 426.50 Td (fourth ) Tj ET Q q 0 0 0 rg BT 106.45 426.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 130.76 426.50 Td (of ) Tj ET Q q 0 0 0 rg BT 139.08 426.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 158.74 426.50 Td (we ) Tj ET Q q 0 0 0 rg BT 169.72 426.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 207.36 426.50 Td (that ) Tj ET Q q 0 0 0 rg BT 221.01 426.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.43 426.50 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 290.07 426.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 308.61 426.50 Td (to ) Tj ET Q q 0 0 0 rg BT 316.49 426.50 Td (our ) Tj ET Q q 0 0 0 rg BT 328.81 426.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 368.24 426.50 Td (were ) Tj ET Q q 0 0 0 rg BT 385.43 426.50 Td (of ) Tj ET Q q 0 0 0 rg BT 393.75 426.50 Td (a ) Tj ET Q q 0 0 0 rg BT 398.96 426.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 432.16 426.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 468.92 426.50 Td (nature. ) Tj ET Q q 0 0 0 rg BT 492.45 426.50 Td (W) Tj ET Q q 0 0 0 rg BT 499.36 426.50 Td (e ) Tj ET Q q 0 0 0 rg BT 504.56 426.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 534.20 426.50 Td (a ) Tj ET Q q 0 0 0 rg BT 539.40 426.50 Td (foreign ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 416.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 81.75 416.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 96.26 416.90 Td (of ) Tj ET Q q 0 0 0 rg BT 104.97 416.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.25 416.90 Td (16.4 ) Tj ET Q q 0 0 0 rg BT 137.30 416.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.42 416.90 Td ( ) Tj ET Q q 0 0 0 rg BT 162.47 416.90 Td (on ) Tj ET Q q 0 0 0 rg BT 172.52 416.90 Td (the ) Tj ET Q q 0 0 0 rg BT 184.34 416.90 Td (retranslation ) Tj ET Q q 0 0 0 rg BT 226.38 416.90 Td (of ) Tj ET Q q 0 0 0 rg BT 235.10 416.90 Td (these ) Tj ET Q q 0 0 0 rg BT 253.58 416.90 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 299.62 416.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 318.56 416.90 Td (as ) Tj ET Q q 0 0 0 rg BT 327.28 416.90 Td (an ) Tj ET Q q 0 0 0 rg BT 336.88 416.90 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 374.04 416.90 Td (to ) Tj ET Q q 0 0 0 rg BT 382.31 416.90 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 424.78 416.90 Td (other ) Tj ET Q q 0 0 0 rg BT 443.27 416.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 493.75 416.90 Td (income, ) Tj ET Q q 0 0 0 rg BT 521.35 416.90 Td (a ) Tj ET Q q 0 0 0 rg BT 526.95 416.90 Td (component ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 407.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 407.30 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 102.04 407.30 Td (equity) Tj ET Q q 0 0 0 rg BT 121.51 407.30 Td (, ) Tj ET Q q 0 0 0 rg BT 125.51 407.30 Td (as ) Tj ET Q q 0 0 0 rg BT 134.18 407.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 169.05 407.30 Td (of ) Tj ET Q q 0 0 0 rg BT 177.72 407.30 Td (these ) Tj ET Q q 0 0 0 rg BT 196.16 407.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 215.04 407.30 Td (is ) Tj ET Q q 0 0 0 rg BT 222.38 407.30 Td (not ) Tj ET Q q 0 0 0 rg BT 234.60 407.30 Td (planned ) Tj ET Q q 0 0 0 rg BT 261.93 407.30 Td (or ) Tj ET Q q 0 0 0 rg BT 270.59 407.30 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 307.68 407.30 Td (in ) Tj ET Q q 0 0 0 rg BT 315.91 407.30 Td (the ) Tj ET Q q 0 0 0 rg BT 327.68 407.30 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 366.10 407.30 Td (future.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 388.70 Td (T) Tj ET Q q 0 0 0 rg BT 53.51 388.70 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 92.84 388.70 Td (in ) Tj ET Q q 0 0 0 rg BT 101.07 388.70 Td (for) Tj ET Q q 0 0 0 rg BT 110.11 388.70 Td (eign ) Tj ET Q q 0 0 0 rg BT 125.88 388.70 Td (curr) Tj ET Q q 0 0 0 rg BT 139.36 388.70 Td (encies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 70.20 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.78 373.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 104.92 373.10 Td (from ) Tj ET Q q 0 0 0 rg BT 122.50 373.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 147.64 373.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 177.65 373.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 217.89 373.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.69 373.10 Td (included ) Tj ET Q q 0 0 0 rg BT 259.27 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.52 373.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 292.65 373.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 322.66 373.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 354.90 373.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 370.70 373.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 374.96 373.10 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 396.77 373.10 Td (net ) Tj ET Q q 0 0 0 rg BT 408.57 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.82 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.63 373.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 471.09 373.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 506.89 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.59 373.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.95 373.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 363.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 99.93 363.50 Td (income ) Tj ET Q q 0 0 0 rg BT 125.47 363.50 Td (in ) Tj ET Q q 0 0 0 rg BT 133.70 363.50 Td (the ) Tj ET Q q 0 0 0 rg BT 145.47 363.50 Td (period ) Tj ET Q q 0 0 0 rg BT 167.91 363.50 Td (during ) Tj ET Q q 0 0 0 rg BT 190.79 363.50 Td (which ) Tj ET Q q 0 0 0 rg BT 212.34 363.50 Td (they ) Tj ET Q q 0 0 0 rg BT 228.12 363.50 Td (arise.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 344.90 Td (Leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 329.30 Td (Leases ) Tj ET Q q 0 0 0 rg BT 73.34 329.30 Td (are ) Tj ET Q q 0 0 0 rg BT 85.17 329.30 Td (classified ) Tj ET Q q 0 0 0 rg BT 117.46 329.30 Td (as ) Tj ET Q q 0 0 0 rg BT 126.19 329.30 Td (either ) Tj ET Q q 0 0 0 rg BT 146.47 329.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 169.87 329.30 Td (or ) Tj ET Q q 0 0 0 rg BT 178.60 329.30 Td (operating. ) Tj ET Q q 0 0 0 rg BT 212.73 329.30 Td (Those ) Tj ET Q q 0 0 0 rg BT 234.35 329.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 255.53 329.30 Td (that ) Tj ET Q q 0 0 0 rg BT 269.60 329.30 Td (transfer ) Tj ET Q q 0 0 0 rg BT 296.10 329.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 338.61 329.30 Td (all ) Tj ET Q q 0 0 0 rg BT 348.68 329.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 376.07 329.30 Td (and ) Tj ET Q q 0 0 0 rg BT 389.69 329.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 406.88 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 415.61 329.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 451.01 329.30 Td (of ) Tj ET Q q 0 0 0 rg BT 459.75 329.30 Td (the ) Tj ET Q q 0 0 0 rg BT 471.59 329.30 Td (property ) Tj ET Q q 0 0 0 rg BT 500.77 329.30 Td (to ) Tj ET Q q 0 0 0 rg BT 509.06 329.30 Td (us ) Tj ET Q q 0 0 0 rg BT 518.24 329.30 Td (are ) Tj ET Q q 0 0 0 rg BT 530.08 329.30 Td (accounted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 319.70 Td (for ) Tj ET Q q 0 0 0 rg BT 60.83 319.70 Td (as ) Tj ET Q q 0 0 0 rg BT 69.49 319.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 92.81 319.70 Td (leases. ) Tj ET Q q 0 0 0 rg BT 115.47 319.70 Td (All ) Tj ET Q q 0 0 0 rg BT 127.70 319.70 Td (other ) Tj ET Q q 0 0 0 rg BT 146.13 319.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 167.23 319.70 Td (are ) Tj ET Q q 0 0 0 rg BT 179.00 319.70 Td (accounted ) Tj ET Q q 0 0 0 rg BT 213.43 319.70 Td (for ) Tj ET Q q 0 0 0 rg BT 224.75 319.70 Td (as ) Tj ET Q q 0 0 0 rg BT 233.42 319.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.63 319.70 Td (leases.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 74.93 304.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 96.35 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.44 304.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 143.18 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.83 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 163.82 304.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.80 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.68 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.76 304.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 249.95 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 260.27 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.14 304.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 307.12 304.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 325.44 304.10 Td (over ) Tj ET Q q 0 0 0 rg BT 341.98 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.07 304.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 378.61 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.59 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.69 304.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 432.66 304.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 454.54 304.10 Td (life ) Tj ET Q q 0 0 0 rg BT 467.52 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.50 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.60 304.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 506.47 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.46 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.55 304.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 545.86 304.10 Td (term. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 294.50 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 97.09 294.50 Td (to ) Tj ET Q q 0 0 0 rg BT 105.56 294.50 Td (repay ) Tj ET Q q 0 0 0 rg BT 125.58 294.50 Td (the ) Tj ET Q q 0 0 0 rg BT 137.61 294.50 Td (principal ) Tj ET Q q 0 0 0 rg BT 168.30 294.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.66 294.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 221.68 294.50 Td (under ) Tj ET Q q 0 0 0 rg BT 242.15 294.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 265.73 294.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 283.97 294.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 321.77 294.50 Td (are ) Tj ET Q q 0 0 0 rg BT 333.79 294.50 Td (included ) Tj ET Q q 0 0 0 rg BT 363.59 294.50 Td (in ) Tj ET Q q 0 0 0 rg BT 372.07 294.50 Td (current ) Tj ET Q q 0 0 0 rg BT 396.97 294.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 429.00 294.50 Td (to ) Tj ET Q q 0 0 0 rg BT 437.48 294.50 Td (the ) Tj ET Q q 0 0 0 rg BT 449.50 294.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 471.30 294.50 Td (that ) Tj ET Q q 0 0 0 rg BT 485.55 294.50 Td (the ) Tj ET Q q 0 0 0 rg BT 497.58 294.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 523.83 294.50 Td (is ) Tj ET Q q 0 0 0 rg BT 531.42 294.50 Td (repayable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 284.90 Td (within ) Tj ET Q q 0 0 0 rg BT 71.95 284.90 Td (one ) Tj ET Q q 0 0 0 rg BT 85.50 284.90 Td (year; ) Tj ET Q q 0 0 0 rg BT 103.48 284.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 136.59 284.90 Td (the ) Tj ET Q q 0 0 0 rg BT 148.36 284.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 178.79 284.90 Td (is ) Tj ET Q q 0 0 0 rg BT 186.13 284.90 Td (included ) Tj ET Q q 0 0 0 rg BT 215.68 284.90 Td (in ) Tj ET Q q 0 0 0 rg BT 223.90 284.90 Td (non-current ) Tj ET Q q 0 0 0 rg BT 263.21 284.90 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 296.84 284.90 Td (The ) Tj ET Q q 0 0 0 rg BT 311.28 284.90 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 347.93 284.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 365.91 284.90 Td (obligation ) Tj ET Q q 0 0 0 rg BT 400.36 284.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 425.89 284.90 Td (the ) Tj ET Q q 0 0 0 rg BT 437.67 284.90 Td (present ) Tj ET Q q 0 0 0 rg BT 462.77 284.90 Td (value ) Tj ET Q q 0 0 0 rg BT 482.09 284.90 Td (of ) Tj ET Q q 0 0 0 rg BT 490.76 284.90 Td (future ) Tj ET Q q 0 0 0 rg BT 511.86 284.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 529.85 284.90 Td (payments. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 275.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 275.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 96.15 275.30 Td (element ) Tj ET Q q 0 0 0 rg BT 123.47 275.30 Td (of ) Tj ET Q q 0 0 0 rg BT 132.13 275.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.91 275.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 161.89 275.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 194.55 275.30 Td (is ) Tj ET Q q 0 0 0 rg BT 201.89 275.30 Td (char) Tj ET Q q 0 0 0 rg BT 215.51 275.30 Td (ged ) Tj ET Q q 0 0 0 rg BT 229.06 275.30 Td (to ) Tj ET Q q 0 0 0 rg BT 237.29 275.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 262.83 275.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 290.60 275.30 Td (over ) Tj ET Q q 0 0 0 rg BT 306.81 275.30 Td (the ) Tj ET Q q 0 0 0 rg BT 318.59 275.30 Td (term ) Tj ET Q q 0 0 0 rg BT 335.25 275.30 Td (of ) Tj ET Q q 0 0 0 rg BT 343.91 275.30 Td (the ) Tj ET Q q 0 0 0 rg BT 355.68 275.30 Td (lease.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 259.70 Td (Operating ) Tj ET Q q 0 0 0 rg BT 83.49 259.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 101.48 259.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 119.48 259.70 Td (are ) Tj ET Q q 0 0 0 rg BT 131.24 259.70 Td (expensed ) Tj ET Q q 0 0 0 rg BT 163.01 259.70 Td (on ) Tj ET Q q 0 0 0 rg BT 173.01 259.70 Td (a ) Tj ET Q q 0 0 0 rg BT 178.56 259.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 219.21 259.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 237.21 259.70 Td (over ) Tj ET Q q 0 0 0 rg BT 253.43 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 265.20 259.70 Td (term ) Tj ET Q q 0 0 0 rg BT 281.86 259.70 Td (of ) Tj ET Q q 0 0 0 rg BT 290.53 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.30 259.70 Td (lease.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 241.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 83.50 241.10 Td (Instruments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 222.50 Td (Fair ) Tj ET Q q 0 0 0 rg BT 65.72 222.50 Td (value ) Tj ET Q q 0 0 0 rg BT 85.05 222.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.27 222.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.71 222.50 Td (instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 206.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.91 206.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 92.53 206.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 118.50 206.90 Td (of ) Tj ET Q q 0 0 0 rg BT 127.14 206.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.09 206.90 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 198.40 206.90 Td (including ) Tj ET Q q 0 0 0 rg BT 230.59 206.90 Td (cash, ) Tj ET Q q 0 0 0 rg BT 248.77 206.90 Td (accounts ) Tj ET Q q 0 0 0 rg BT 278.73 206.90 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 315.57 206.90 Td (and ) Tj ET Q q 0 0 0 rg BT 329.09 206.90 Td (accounts ) Tj ET Q q 0 0 0 rg BT 359.05 206.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 385.90 206.90 Td (and ) Tj ET Q q 0 0 0 rg BT 399.42 206.90 Td (accrued ) Tj ET Q q 0 0 0 rg BT 426.26 206.90 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 460.00 206.90 Td (approximate ) Tj ET Q q 0 0 0 rg BT 501.96 206.90 Td (their ) Tj ET Q q 0 0 0 rg BT 518.59 206.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 531.67 206.90 Td (value ) Tj ET Q q 0 0 0 rg BT 550.96 206.90 Td (due ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (to ) Tj ET Q q 0 0 0 rg BT 58.06 197.30 Td (the ) Tj ET Q q 0 0 0 rg BT 70.17 197.30 Td (short-term ) Tj ET Q q 0 0 0 rg BT 105.83 197.30 Td (nature ) Tj ET Q q 0 0 0 rg BT 128.15 197.30 Td (of ) Tj ET Q q 0 0 0 rg BT 137.15 197.30 Td (these ) Tj ET Q q 0 0 0 rg BT 155.93 197.30 Td (items. ) Tj ET Q q 0 0 0 rg BT 177.42 197.30 Td (The ) Tj ET Q q 0 0 0 rg BT 192.20 197.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.64 197.30 Td (value ) Tj ET Q q 0 0 0 rg BT 225.30 197.30 Td (of ) Tj ET Q q 0 0 0 rg BT 234.30 197.30 Td (our ) Tj ET Q q 0 0 0 rg BT 247.30 197.30 Td (Senior ) Tj ET Q q 0 0 0 rg BT 270.52 197.30 Td (Debt ) Tj ET Q q 0 0 0 rg BT 288.41 197.30 Td (\(as ) Tj ET Q q 0 0 0 rg BT 300.07 197.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 326.39 197.30 Td (hereinafter\) ) Tj ET Q q 0 0 0 rg BT 366.03 197.30 Td (is ) Tj ET Q q 0 0 0 rg BT 373.71 197.30 Td (included ) Tj ET Q q 0 0 0 rg BT 403.59 197.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.15 197.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 430.03 197.30 Td (5, ) Tj ET Q q 0 0 0 rg BT 438.37 197.30 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 478.18 197.30 Td (Debt ) Tj ET Q q 0 0 0 rg BT 496.07 197.30 Td (and ) Tj ET Q q 0 0 0 rg BT 509.96 197.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 530.51 197.30 Td (Financing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 187.70 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.08 187.70 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 85.26 169.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.70 169.10 Td (instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 153.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 153.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.18 153.50 Td (use ) Tj ET Q q 0 0 0 rg BT 75.06 153.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 109.26 153.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.46 153.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 179.01 153.50 Td (for ) Tj ET Q q 0 0 0 rg BT 190.56 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.55 153.50 Td (purpose ) Tj ET Q q 0 0 0 rg BT 230.10 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 238.98 153.50 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 274.08 153.50 Td (currency ) Tj ET Q q 0 0 0 rg BT 304.28 153.50 Td (risks, ) Tj ET Q q 0 0 0 rg BT 323.61 153.50 Td (which ) Tj ET Q q 0 0 0 rg BT 345.38 153.50 Td (exist ) Tj ET Q q 0 0 0 rg BT 362.71 153.50 Td (as ) Tj ET Q q 0 0 0 rg BT 371.59 153.50 Td (part ) Tj ET Q q 0 0 0 rg BT 386.25 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 395.13 153.50 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 423.57 153.50 Td (business ) Tj ET Q q 0 0 0 rg BT 452.90 153.50 Td (operations. ) Tj ET Q q 0 0 0 rg BT 489.95 153.50 Td (As ) Tj ET Q q 0 0 0 rg BT 501.06 153.50 Td (a ) Tj ET Q q 0 0 0 rg BT 506.83 153.50 Td (policy) Tj ET Q q 0 0 0 rg BT 526.31 153.50 Td (, ) Tj ET Q q 0 0 0 rg BT 530.52 153.50 Td (we ) Tj ET Q q 0 0 0 rg BT 542.07 153.50 Td (do ) Tj ET Q q 0 0 0 rg BT 552.29 153.50 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 143.90 Td (engage ) Tj ET Q q 0 0 0 rg BT 74.15 143.90 Td (in ) Tj ET Q q 0 0 0 rg BT 82.38 143.90 Td (speculative ) Tj ET Q q 0 0 0 rg BT 120.36 143.90 Td (or ) Tj ET Q q 0 0 0 rg BT 129.02 143.90 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 162.11 143.90 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 204.32 143.90 Td (nor ) Tj ET Q q 0 0 0 rg BT 216.99 143.90 Td (do ) Tj ET Q q 0 0 0 rg BT 226.99 143.90 Td (we ) Tj ET Q q 0 0 0 rg BT 238.32 143.90 Td (hold ) Tj ET Q q 0 0 0 rg BT 254.54 143.90 Td (or ) Tj ET Q q 0 0 0 rg BT 263.20 143.90 Td (issue ) Tj ET Q q 0 0 0 rg BT 281.20 143.90 Td (derivative ) Tj ET Q q 0 0 0 rg BT 315.19 143.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.17 143.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 384.50 143.90 Td (for ) Tj ET Q q 0 0 0 rg BT 395.83 143.90 Td (trading ) Tj ET Q q 0 0 0 rg BT 420.49 143.90 Td (purposes.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 128.30 Td (Forward ) Tj ET Q q 0 0 0 rg BT 78.42 128.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 110.44 128.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 141.14 128.30 Td (and ) Tj ET Q q 0 0 0 rg BT 154.50 128.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 184.30 128.30 Td (swaps ) Tj ET Q q 0 0 0 rg BT 205.67 128.30 Td (are ) Tj ET Q q 0 0 0 rg BT 217.26 128.30 Td (used ) Tj ET Q q 0 0 0 rg BT 233.74 128.30 Td (to ) Tj ET Q q 0 0 0 rg BT 241.78 128.30 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 269.81 128.30 Td (exposures ) Tj ET Q q 0 0 0 rg BT 303.62 128.30 Td (to ) Tj ET Q q 0 0 0 rg BT 311.66 128.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 341.46 128.30 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 381.04 128.30 Td (on ) Tj ET Q q 0 0 0 rg BT 390.86 128.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 414.44 128.30 Td (short-term ) Tj ET Q q 0 0 0 rg BT 449.58 128.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 489.61 128.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 521.19 128.30 Td (denominated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 118.70 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 118.70 Td (currencies ) Tj ET Q q 0 0 0 rg BT 92.58 118.70 Td (other ) Tj ET Q q 0 0 0 rg BT 111.02 118.70 Td (than ) Tj ET Q q 0 0 0 rg BT 126.79 118.70 Td (our ) Tj ET Q q 0 0 0 rg BT 139.45 118.70 Td (functional ) Tj ET Q q 0 0 0 rg BT 173.88 118.70 Td (currency) Tj ET Q q 0 0 0 rg BT 201.34 118.70 Td (. ) Tj ET Q q 0 0 0 rg BT 205.19 118.70 Td (These ) Tj ET Q q 0 0 0 rg BT 226.29 118.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 257.16 118.70 Td (are ) Tj ET Q q 0 0 0 rg BT 268.92 118.70 Td (marked ) Tj ET Q q 0 0 0 rg BT 294.90 118.70 Td (to ) Tj ET Q q 0 0 0 rg BT 303.12 118.70 Td (market ) Tj ET Q q 0 0 0 rg BT 327.33 118.70 Td (at ) Tj ET Q q 0 0 0 rg BT 335.10 118.70 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 118.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 373.29 118.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 391.72 118.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 409.04 118.70 Td (and ) Tj ET Q q 0 0 0 rg BT 422.59 118.70 Td (the ) Tj ET Q q 0 0 0 rg BT 434.36 118.70 Td (resultant ) Tj ET Q q 0 0 0 rg BT 463.90 118.70 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 499.21 118.70 Td (gains ) Tj ET Q q 0 0 0 rg BT 518.09 118.70 Td (and ) Tj ET Q q 0 0 0 rg BT 531.64 118.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 552.75 118.70 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 79.36 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.46 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.10 109.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 141.41 109.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 177.06 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.60 109.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 220.80 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.23 109.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 284.53 109.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 311.95 109.10 Td (together ) Tj ET Q q 0 0 0 rg BT 340.04 109.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.14 109.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 383.33 109.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 402.09 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.51 109.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 436.50 109.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 460.15 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.03 109.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 504.78 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.32 109.10 Td (these ) Tj ET Q q 0 0 0 rg BT 531.64 109.10 Td (contracts.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (52) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 93.73 723.60 Td (Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 708.00 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 89.91 708.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 135.66 708.00 Td (is ) Tj ET Q q 0 0 0 rg BT 142.30 708.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 178.70 708.00 Td (at ) Tj ET Q q 0 0 0 rg BT 185.79 708.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 198.20 708.00 Td (value. ) Tj ET Q q 0 0 0 rg BT 218.74 708.00 Td (W) Tj ET Q q 0 0 0 rg BT 225.65 708.00 Td (e ) Tj ET Q q 0 0 0 rg BT 230.51 708.00 Td (calculate ) Tj ET Q q 0 0 0 rg BT 260.24 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.33 708.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.74 708.00 Td (value ) Tj ET Q q 0 0 0 rg BT 302.37 708.00 Td (of ) Tj ET Q q 0 0 0 rg BT 310.35 708.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 328.55 708.00 Td (option ) Tj ET Q q 0 0 0 rg BT 350.30 708.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 374.27 708.00 Td (using ) Tj ET Q q 0 0 0 rg BT 392.92 708.00 Td (the ) Tj ET Q q 0 0 0 rg BT 404.00 708.00 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 451.52 708.00 Td (option ) Tj ET Q q 0 0 0 rg BT 473.28 708.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 497.25 708.00 Td (model ) Tj ET Q q 0 0 0 rg BT 518.55 708.00 Td (and ) Tj ET Q q 0 0 0 rg BT 531.42 708.00 Td (recognize ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.49 698.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.14 698.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 123.25 698.40 Td (over ) Tj ET Q q 0 0 0 rg BT 139.68 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.68 698.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 177.00 698.40 Td (period ) Tj ET Q q 0 0 0 rg BT 199.66 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 208.54 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 220.54 698.40 Td (award. ) Tj ET Q q 0 0 0 rg BT 244.14 698.40 Td (The ) Tj ET Q q 0 0 0 rg BT 258.79 698.40 Td (grant ) Tj ET Q q 0 0 0 rg BT 277.45 698.40 Td (date ) Tj ET Q q 0 0 0 rg BT 292.99 698.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 306.31 698.40 Td (value ) Tj ET Q q 0 0 0 rg BT 325.86 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 334.74 698.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 366.72 698.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 385.82 698.40 Td (units ) Tj ET Q q 0 0 0 rg BT 403.60 698.40 Td (\("RSUs"\) ) Tj ET Q q 0 0 0 rg BT 436.36 698.40 Td (is ) Tj ET Q q 0 0 0 rg BT 443.91 698.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 478.55 698.40 Td (as ) Tj ET Q q 0 0 0 rg BT 487.43 698.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.43 698.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 524.75 698.40 Td (price ) Tj ET Q q 0 0 0 rg BT 542.96 698.40 Td (of ) Tj ET Q q 0 0 0 rg BT 551.84 698.40 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 688.80 Td (class ) Tj ET Q q 0 0 0 rg BT 66.91 688.80 Td (A) Tj ET Q q 0 0 0 rg BT 72.25 688.80 Td ( ) Tj ET Q q 0 0 0 rg BT 74.64 688.80 Td (common ) Tj ET Q q 0 0 0 rg BT 105.02 688.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 127.41 688.80 Td (on ) Tj ET Q q 0 0 0 rg BT 137.80 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 688.80 Td (date ) Tj ET Q q 0 0 0 rg BT 165.67 688.80 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 688.80 Td (grant. ) Tj ET Q q 0 0 0 rg BT 195.55 688.80 Td (For ) Tj ET Q q 0 0 0 rg BT 209.06 688.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 233.21 688.80 Td (awards ) Tj ET Q q 0 0 0 rg BT 258.25 688.80 Td (with ) Tj ET Q q 0 0 0 rg BT 274.87 688.80 Td (market ) Tj ET Q q 0 0 0 rg BT 299.47 688.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 337.19 688.80 Td (the ) Tj ET Q q 0 0 0 rg BT 349.35 688.80 Td (grant ) Tj ET Q q 0 0 0 rg BT 368.18 688.80 Td (date ) Tj ET Q q 0 0 0 rg BT 383.89 688.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.38 688.80 Td (value ) Tj ET Q q 0 0 0 rg BT 417.10 688.80 Td (is ) Tj ET Q q 0 0 0 rg BT 424.82 688.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 459.63 688.80 Td (using ) Tj ET Q q 0 0 0 rg BT 479.36 688.80 Td (a ) Tj ET Q q 0 0 0 rg BT 485.30 688.80 Td (Monte ) Tj ET Q q 0 0 0 rg BT 508.58 688.80 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 528.74 688.80 Td (simulation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 679.20 Td (model. ) Tj ET Q q 0 0 0 rg BT 73.77 679.20 Td (The ) Tj ET Q q 0 0 0 rg BT 88.66 679.20 Td (Monte ) Tj ET Q q 0 0 0 rg BT 112.00 679.20 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 132.23 679.20 Td (simulation ) Tj ET Q q 0 0 0 rg BT 168.46 679.20 Td (model ) Tj ET Q q 0 0 0 rg BT 190.91 679.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 219.13 679.20 Td (the ) Tj ET Q q 0 0 0 rg BT 231.35 679.20 Td (input ) Tj ET Q q 0 0 0 rg BT 250.25 679.20 Td (of ) Tj ET Q q 0 0 0 rg BT 259.37 679.20 Td (subjective ) Tj ET Q q 0 0 0 rg BT 294.26 679.20 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 338.27 679.20 Td (including ) Tj ET Q q 0 0 0 rg BT 370.94 679.20 Td (the ) Tj ET Q q 0 0 0 rg BT 383.17 679.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 414.05 679.20 Td (volatility ) Tj ET Q q 0 0 0 rg BT 445.39 679.20 Td (of ) Tj ET Q q 0 0 0 rg BT 454.50 679.20 Td (our ) Tj ET Q q 0 0 0 rg BT 467.62 679.20 Td (common ) Tj ET Q q 0 0 0 rg BT 498.07 679.20 Td (stock, ) Tj ET Q q 0 0 0 rg BT 519.41 679.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 545.41 679.20 Td (rates, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 669.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 79.50 669.60 Td (yields ) Tj ET Q q 0 0 0 rg BT 100.61 669.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.16 669.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 150.80 669.60 Td (coef) Tj ET Q q 0 0 0 rg BT 164.43 669.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 186.86 669.60 Td (between ) Tj ET Q q 0 0 0 rg BT 215.51 669.60 Td (our ) Tj ET Q q 0 0 0 rg BT 228.18 669.60 Td (common ) Tj ET Q q 0 0 0 rg BT 258.17 669.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 277.06 669.60 Td (and ) Tj ET Q q 0 0 0 rg BT 290.61 669.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.38 669.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 330.14 669.60 Td (market ) Tj ET Q q 0 0 0 rg BT 354.36 669.60 Td (index.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 651.00 Td (Contingencies) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 635.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.58 635.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 95.88 635.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 109.97 635.40 Td (from ) Tj ET Q q 0 0 0 rg BT 127.16 635.40 Td (a ) Tj ET Q q 0 0 0 rg BT 132.35 635.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 146.44 635.40 Td (contingency ) Tj ET Q q 0 0 0 rg BT 187.18 635.40 Td (such ) Tj ET Q q 0 0 0 rg BT 203.49 635.40 Td (as ) Tj ET Q q 0 0 0 rg BT 211.79 635.40 Td (a ) Tj ET Q q 0 0 0 rg BT 216.99 635.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 234.17 635.40 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 271.36 635.40 Td (or ) Tj ET Q q 0 0 0 rg BT 279.66 635.40 Td (claim ) Tj ET Q q 0 0 0 rg BT 299.07 635.40 Td (is ) Tj ET Q q 0 0 0 rg BT 306.05 635.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 335.67 635.40 Td (in ) Tj ET Q q 0 0 0 rg BT 343.54 635.40 Td (the ) Tj ET Q q 0 0 0 rg BT 354.95 635.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 397.03 635.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 432.44 635.40 Td (of ) Tj ET Q q 0 0 0 rg BT 440.74 635.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 475.71 635.40 Td (and ) Tj ET Q q 0 0 0 rg BT 488.90 635.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 538.97 635.40 Td (income ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 625.80 Td (if ) Tj ET Q q 0 0 0 rg BT 57.02 625.80 Td (it ) Tj ET Q q 0 0 0 rg BT 64.11 625.80 Td (is ) Tj ET Q q 0 0 0 rg BT 72.08 625.80 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 625.80 Td (that ) Tj ET Q q 0 0 0 rg BT 117.34 625.80 Td (an ) Tj ET Q q 0 0 0 rg BT 127.53 625.80 Td (asset ) Tj ET Q q 0 0 0 rg BT 145.72 625.80 Td (has ) Tj ET Q q 0 0 0 rg BT 159.02 625.80 Td (been ) Tj ET Q q 0 0 0 rg BT 176.76 625.80 Td (impaired ) Tj ET Q q 0 0 0 rg BT 207.83 625.80 Td (or ) Tj ET Q q 0 0 0 rg BT 217.13 625.80 Td (a ) Tj ET Q q 0 0 0 rg BT 223.32 625.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 250.84 625.80 Td (has ) Tj ET Q q 0 0 0 rg BT 264.15 625.80 Td (been ) Tj ET Q q 0 0 0 rg BT 281.89 625.80 Td (incurred ) Tj ET Q q 0 0 0 rg BT 311.18 625.80 Td (and ) Tj ET Q q 0 0 0 rg BT 325.36 625.80 Td (the ) Tj ET Q q 0 0 0 rg BT 337.78 625.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 364.41 625.80 Td (of ) Tj ET Q q 0 0 0 rg BT 373.71 625.80 Td (the ) Tj ET Q q 0 0 0 rg BT 386.12 625.80 Td (loss ) Tj ET Q q 0 0 0 rg BT 401.21 625.80 Td (can ) Tj ET Q q 0 0 0 rg BT 414.95 625.80 Td (be ) Tj ET Q q 0 0 0 rg BT 425.14 625.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 462.43 625.80 Td (estimated. ) Tj ET Q q 0 0 0 rg BT 497.72 625.80 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 534.57 625.80 Td (of ) Tj ET Q q 0 0 0 rg BT 543.88 625.80 Td (a ) Tj ET Q q 0 0 0 rg BT 550.06 625.80 Td (loss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 616.20 Td (contingency ) Tj ET Q q 0 0 0 rg BT 90.60 616.20 Td (is ) Tj ET Q q 0 0 0 rg BT 97.93 616.20 Td (made ) Tj ET Q q 0 0 0 rg BT 117.26 616.20 Td (if ) Tj ET Q q 0 0 0 rg BT 124.14 616.20 Td (there ) Tj ET Q q 0 0 0 rg BT 142.13 616.20 Td (is ) Tj ET Q q 0 0 0 rg BT 149.47 616.20 Td (at ) Tj ET Q q 0 0 0 rg BT 157.24 616.20 Td (least ) Tj ET Q q 0 0 0 rg BT 173.90 616.20 Td (a ) Tj ET Q q 0 0 0 rg BT 179.45 616.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 215.66 616.20 Td (possibility ) Tj ET Q q 0 0 0 rg BT 251.00 616.20 Td (that ) Tj ET Q q 0 0 0 rg BT 264.99 616.20 Td (a ) Tj ET Q q 0 0 0 rg BT 270.54 616.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 284.99 616.20 Td (has ) Tj ET Q q 0 0 0 rg BT 297.66 616.20 Td (been ) Tj ET Q q 0 0 0 rg BT 314.76 616.20 Td (incurred.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 91.50 597.60 Td (Costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 582.00 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 89.35 582.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 107.43 582.00 Td (are ) Tj ET Q q 0 0 0 rg BT 119.28 582.00 Td (expensed ) Tj ET Q q 0 0 0 rg BT 151.12 582.00 Td (as ) Tj ET Q q 0 0 0 rg BT 159.86 582.00 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 190.14 582.00 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 229.99 582.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 257.83 582.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 286.57 582.00 Td (for ) Tj ET Q q 0 0 0 rg BT 297.97 582.00 Td (the ) Tj ET Q q 0 0 0 rg BT 309.83 582.00 Td (years ) Tj ET Q q 0 0 0 rg BT 328.78 582.00 Td (ending ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.64 582.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 399.58 582.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.58 582.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.66 582.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.66 582.00 Td ( ) Tj ET Q q 0 0 0 rg BT 437.74 582.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.37 582.00 Td (201) Tj ET Q q 0 0 0 rg BT 463.07 582.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.07 582.00 Td ( ) Tj ET Q q 0 0 0 rg BT 469.15 582.00 Td (totaled ) Tj ET Q q 0 0 0 rg BT 493.00 582.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.31 582.00 Td (1) Tj ET Q q 0 0 0 rg BT 513.01 582.00 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 525.09 582.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.20 582.00 Td (, ) Tj ET Q q 0 0 0 rg BT 552.28 582.00 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 572.40 Td ($ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.50 572.40 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 71.50 572.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 94.61 572.40 Td ( ) Tj ET Q q 0 0 0 rg BT 96.61 572.40 Td (and ) Tj ET Q q 0 0 0 rg BT 110.16 572.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.39 572.40 Td (7.6 ) Tj ET Q q 0 0 0 rg BT 138.39 572.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 161.50 572.40 Td (, ) Tj ET Q q 0 0 0 rg BT 165.50 572.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 203.63 572.40 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 553.80 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 82.62 553.80 Td (Per) Tj ET Q q 0 0 0 rg BT 94.46 553.80 Td ( ) Tj ET Q q 0 0 0 rg BT 96.46 553.80 Td (Shar) Tj ET Q q 0 0 0 rg BT 112.77 553.80 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 538.20 Td (Basic ) Tj ET Q q 0 0 0 rg BT 69.29 538.20 Td (and ) Tj ET Q q 0 0 0 rg BT 82.86 538.20 Td (diluted ) Tj ET Q q 0 0 0 rg BT 107.10 538.20 Td (net ) Tj ET Q q 0 0 0 rg BT 118.89 538.20 Td (income ) Tj ET Q q 0 0 0 rg BT 144.45 538.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 148.69 538.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 163.16 538.20 Td (per ) Tj ET Q q 0 0 0 rg BT 175.39 538.20 Td (share ) Tj ET Q q 0 0 0 rg BT 194.29 538.20 Td (is ) Tj ET Q q 0 0 0 rg BT 201.64 538.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.08 538.20 Td (using ) Tj ET Q q 0 0 0 rg BT 255.43 538.20 Td (the ) Tj ET Q q 0 0 0 rg BT 267.22 538.20 Td (two-class ) Tj ET Q q 0 0 0 rg BT 299.46 538.20 Td (method. ) Tj ET Q q 0 0 0 rg BT 327.47 538.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 349.48 538.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.27 538.20 Td (two-class ) Tj ET Q q 0 0 0 rg BT 393.50 538.20 Td (method, ) Tj ET Q q 0 0 0 rg BT 421.52 538.20 Td (basic ) Tj ET Q q 0 0 0 rg BT 439.97 538.20 Td (net ) Tj ET Q q 0 0 0 rg BT 451.76 538.20 Td (income ) Tj ET Q q 0 0 0 rg BT 477.33 538.20 Td (/ ) Tj ET Q q 0 0 0 rg BT 481.57 538.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 496.04 538.20 Td (per ) Tj ET Q q 0 0 0 rg BT 508.27 538.20 Td (common ) Tj ET Q q 0 0 0 rg BT 538.28 538.20 Td (share ) Tj ET Q q 0 0 0 rg BT 557.18 538.20 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 528.60 Td (computed ) Tj ET Q q 0 0 0 rg BT 82.91 528.60 Td (by ) Tj ET Q q 0 0 0 rg BT 92.78 528.60 Td (dividing ) Tj ET Q q 0 0 0 rg BT 121.32 528.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.96 528.60 Td (net ) Tj ET Q q 0 0 0 rg BT 144.60 528.60 Td (income ) Tj ET Q q 0 0 0 rg BT 170.01 528.60 Td (available ) Tj ET Q q 0 0 0 rg BT 200.75 528.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.84 528.60 Td (common ) Tj ET Q q 0 0 0 rg BT 238.70 528.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 281.00 528.60 Td (after ) Tj ET Q q 0 0 0 rg BT 297.52 528.60 Td (deducting ) Tj ET Q q 0 0 0 rg BT 330.93 528.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 368.34 528.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 397.31 528.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.84 528.60 Td (accretion ) Tj ET Q q 0 0 0 rg BT 437.02 528.60 Td (on ) Tj ET Q q 0 0 0 rg BT 446.89 528.60 Td (our ) Tj ET Q q 0 0 0 rg BT 459.42 528.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 480.84 528.60 Td (B ) Tj ET Q q 0 0 0 rg BT 488.04 528.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 519.67 528.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 542.86 528.60 Td (by ) Tj ET Q q 0 0 0 rg BT 552.73 528.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 519.00 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 108.37 519.00 Td (number ) Tj ET Q q 0 0 0 rg BT 134.81 519.00 Td (of ) Tj ET Q q 0 0 0 rg BT 143.49 519.00 Td (common ) Tj ET Q q 0 0 0 rg BT 173.50 519.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.50 519.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 234.84 519.00 Td (during ) Tj ET Q q 0 0 0 rg BT 257.74 519.00 Td (the ) Tj ET Q q 0 0 0 rg BT 269.52 519.00 Td (period. ) Tj ET Q q 0 0 0 rg BT 293.97 519.00 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 319.98 519.00 Td (net ) Tj ET Q q 0 0 0 rg BT 331.76 519.00 Td (income ) Tj ET Q q 0 0 0 rg BT 357.32 519.00 Td (/ ) Tj ET Q q 0 0 0 rg BT 361.55 519.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 376.01 519.00 Td (per ) Tj ET Q q 0 0 0 rg BT 388.24 519.00 Td (share ) Tj ET Q q 0 0 0 rg BT 407.13 519.00 Td (is ) Tj ET Q q 0 0 0 rg BT 414.48 519.00 Td (computed ) Tj ET Q q 0 0 0 rg BT 448.03 519.00 Td (by ) Tj ET Q q 0 0 0 rg BT 458.04 519.00 Td (dividing ) Tj ET Q q 0 0 0 rg BT 486.72 519.00 Td (the ) Tj ET Q q 0 0 0 rg BT 498.51 519.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 527.18 519.00 Td (net ) Tj ET Q q 0 0 0 rg BT 538.96 519.00 Td (income ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 509.40 Td (by ) Tj ET Q q 0 0 0 rg BT 59.50 509.40 Td (the ) Tj ET Q q 0 0 0 rg BT 71.27 509.40 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 130.13 509.40 Td (number ) Tj ET Q q 0 0 0 rg BT 156.57 509.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.23 509.40 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 191.67 509.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 213.66 509.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 253.00 509.40 Td (during ) Tj ET Q q 0 0 0 rg BT 275.88 509.40 Td (the ) Tj ET Q q 0 0 0 rg BT 287.66 509.40 Td (period. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 490.80 Td (Business ) Tj ET Q q 0 0 0 rg BT 80.85 490.80 Td (Combinations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 475.20 Td (When ) Tj ET Q q 0 0 0 rg BT 70.55 475.20 Td (we ) Tj ET Q q 0 0 0 rg BT 81.83 475.20 Td (acquire ) Tj ET Q q 0 0 0 rg BT 107.32 475.20 Td (a ) Tj ET Q q 0 0 0 rg BT 112.82 475.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 143.88 475.20 Td (we ) Tj ET Q q 0 0 0 rg BT 155.16 475.20 Td (allocate ) Tj ET Q q 0 0 0 rg BT 181.98 475.20 Td (the ) Tj ET Q q 0 0 0 rg BT 193.70 475.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 224.08 475.20 Td (price ) Tj ET Q q 0 0 0 rg BT 242.02 475.20 Td (to ) Tj ET Q q 0 0 0 rg BT 250.19 475.20 Td (the ) Tj ET Q q 0 0 0 rg BT 261.91 475.20 Td (various ) Tj ET Q q 0 0 0 rg BT 287.41 475.20 Td (components ) Tj ET Q q 0 0 0 rg BT 328.02 475.20 Td (of ) Tj ET Q q 0 0 0 rg BT 336.63 475.20 Td (the ) Tj ET Q q 0 0 0 rg BT 348.36 475.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 385.41 475.20 Td (based ) Tj ET Q q 0 0 0 rg BT 405.57 475.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 423.52 475.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.25 475.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 448.30 475.20 Td (value ) Tj ET Q q 0 0 0 rg BT 467.57 475.20 Td (of ) Tj ET Q q 0 0 0 rg BT 476.18 475.20 Td (each ) Tj ET Q q 0 0 0 rg BT 492.79 475.20 Td (component. ) Tj ET Q q 0 0 0 rg BT 532.28 475.20 Td (Goodwill ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 465.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 83.88 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.61 465.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 118.44 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.05 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.78 465.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 169.16 465.60 Td (price ) Tj ET Q q 0 0 0 rg BT 187.10 465.60 Td (over ) Tj ET Q q 0 0 0 rg BT 203.26 465.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.99 465.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.04 465.60 Td (value ) Tj ET Q q 0 0 0 rg BT 247.31 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 255.93 465.60 Td (net ) Tj ET Q q 0 0 0 rg BT 267.65 465.60 Td (tangible ) Tj ET Q q 0 0 0 rg BT 295.38 465.60 Td (and ) Tj ET Q q 0 0 0 rg BT 308.88 465.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 342.82 465.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 363.44 465.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 392.93 465.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.10 465.60 Td (a ) Tj ET Q q 0 0 0 rg BT 406.60 465.60 Td (business ) Tj ET Q q 0 0 0 rg BT 435.67 465.60 Td (combination. ) Tj ET Q q 0 0 0 rg BT 479.18 465.60 Td (A) Tj ET Q q 0 0 0 rg BT 484.51 465.60 Td ( ) Tj ET Q q 0 0 0 rg BT 486.47 465.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 502.19 465.60 Td (may ) Tj ET Q q 0 0 0 rg BT 517.92 465.60 Td (be ) Tj ET Q q 0 0 0 rg BT 527.42 465.60 Td (recognized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 456.00 Td (to ) Tj ET Q q 0 0 0 rg BT 57.81 456.00 Td (the ) Tj ET Q q 0 0 0 rg BT 69.68 456.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 91.32 456.00 Td (the ) Tj ET Q q 0 0 0 rg BT 103.18 456.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 133.71 456.00 Td (price ) Tj ET Q q 0 0 0 rg BT 151.79 456.00 Td (is ) Tj ET Q q 0 0 0 rg BT 159.21 456.00 Td (less ) Tj ET Q q 0 0 0 rg BT 173.30 456.00 Td (than ) Tj ET Q q 0 0 0 rg BT 189.17 456.00 Td (the ) Tj ET Q q 0 0 0 rg BT 201.04 456.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.23 456.00 Td (value ) Tj ET Q q 0 0 0 rg BT 233.64 456.00 Td (of ) Tj ET Q q 0 0 0 rg BT 242.40 456.00 Td (net ) Tj ET Q q 0 0 0 rg BT 254.27 456.00 Td (tangible ) Tj ET Q q 0 0 0 rg BT 282.13 456.00 Td (and ) Tj ET Q q 0 0 0 rg BT 295.77 456.00 Td (intangible ) Tj ET Q q 0 0 0 rg BT 329.85 456.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 350.61 456.00 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 382.09 456.00 Td (T) Tj ET Q q 0 0 0 rg BT 386.69 456.00 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 421.66 456.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 439.75 456.00 Td (related ) Tj ET Q q 0 0 0 rg BT 463.61 456.00 Td (to ) Tj ET Q q 0 0 0 rg BT 471.92 456.00 Td (the ) Tj ET Q q 0 0 0 rg BT 483.79 456.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 520.98 456.00 Td (of ) Tj ET Q q 0 0 0 rg BT 529.74 456.00 Td (a ) Tj ET Q q 0 0 0 rg BT 535.38 456.00 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 446.40 Td (are ) Tj ET Q q 0 0 0 rg BT 61.27 446.40 Td (expensed ) Tj ET Q q 0 0 0 rg BT 93.03 446.40 Td (as ) Tj ET Q q 0 0 0 rg BT 101.70 446.40 Td (incurred.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 427.80 Td (Recent ) Tj ET Q q 0 0 0 rg BT 74.60 427.80 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 115.71 427.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 124.01 427.80 Td (onouncements) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 409.20 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 95.64 409.20 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 143.26 409.20 Td (Adopted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 393.60 Td (On ) Tj ET Q q 0 0 0 rg BT 60.53 393.60 Td (January ) Tj ET Q q 0 0 0 rg BT 86.66 393.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 93.92 393.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 113.17 393.60 Td (we ) Tj ET Q q 0 0 0 rg BT 123.75 393.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 150.33 393.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 180.45 393.60 Td (that ) Tj ET Q q 0 0 0 rg BT 193.70 393.60 Td (was ) Tj ET Q q 0 0 0 rg BT 207.40 393.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 228.65 393.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.13 393.60 Td (July ) Tj ET Q q 0 0 0 rg BT 250.71 393.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 267.97 393.60 Td (which ) Tj ET Q q 0 0 0 rg BT 288.77 393.60 Td (is ) Tj ET Q q 0 0 0 rg BT 295.36 393.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 324.16 393.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.64 393.60 Td (simplify ) Tj ET Q q 0 0 0 rg BT 359.56 393.60 Td (how ) Tj ET Q q 0 0 0 rg BT 374.59 393.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 398.95 393.60 Td (test ) Tj ET Q q 0 0 0 rg BT 411.31 393.60 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 461.88 393.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 495.12 393.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 515.04 393.60 Td (for ) Tj ET Q q 0 0 0 rg BT 525.62 393.60 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 384.00 Td (by ) Tj ET Q q 0 0 0 rg BT 59.36 384.00 Td (providing ) Tj ET Q q 0 0 0 rg BT 92.32 384.00 Td (an ) Tj ET Q q 0 0 0 rg BT 101.73 384.00 Td (option ) Tj ET Q q 0 0 0 rg BT 124.03 384.00 Td (to ) Tj ET Q q 0 0 0 rg BT 132.11 384.00 Td (first ) Tj ET Q q 0 0 0 rg BT 146.85 384.00 Td (assess ) Tj ET Q q 0 0 0 rg BT 168.26 384.00 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 203.89 384.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 227.51 384.00 Td (to ) Tj ET Q q 0 0 0 rg BT 235.59 384.00 Td (determine ) Tj ET Q q 0 0 0 rg BT 269.43 384.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 297.05 384.00 Td (the ) Tj ET Q q 0 0 0 rg BT 308.68 384.00 Td (existence ) Tj ET Q q 0 0 0 rg BT 340.30 384.00 Td (of ) Tj ET Q q 0 0 0 rg BT 348.82 384.00 Td (events ) Tj ET Q q 0 0 0 rg BT 371.11 384.00 Td (or ) Tj ET Q q 0 0 0 rg BT 379.63 384.00 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 426.80 384.00 Td (indicates ) Tj ET Q q 0 0 0 rg BT 457.09 384.00 Td (that ) Tj ET Q q 0 0 0 rg BT 470.95 384.00 Td (it ) Tj ET Q q 0 0 0 rg BT 477.25 384.00 Td (is ) Tj ET Q q 0 0 0 rg BT 484.44 384.00 Td (more ) Tj ET Q q 0 0 0 rg BT 502.73 384.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 522.81 384.00 Td (than ) Tj ET Q q 0 0 0 rg BT 538.44 384.00 Td (not ) Tj ET Q q 0 0 0 rg BT 550.52 384.00 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.51 374.40 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 113.05 374.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 130.84 374.40 Td (is ) Tj ET Q q 0 0 0 rg BT 138.41 374.40 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 171.07 374.40 Td (If ) Tj ET Q q 0 0 0 rg BT 178.63 374.40 Td (an ) Tj ET Q q 0 0 0 rg BT 188.42 374.40 Td (entity ) Tj ET Q q 0 0 0 rg BT 208.87 374.40 Td (determines ) Tj ET Q q 0 0 0 rg BT 246.20 374.40 Td (it ) Tj ET Q q 0 0 0 rg BT 252.88 374.40 Td (is ) Tj ET Q q 0 0 0 rg BT 260.44 374.40 Td (not ) Tj ET Q q 0 0 0 rg BT 272.90 374.40 Td (more ) Tj ET Q q 0 0 0 rg BT 291.57 374.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 312.02 374.40 Td (than ) Tj ET Q q 0 0 0 rg BT 328.03 374.40 Td (not ) Tj ET Q q 0 0 0 rg BT 340.48 374.40 Td (that ) Tj ET Q q 0 0 0 rg BT 354.71 374.40 Td (the ) Tj ET Q q 0 0 0 rg BT 366.71 374.40 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 418.26 374.40 Td (intangible ) Tj ET Q q 0 0 0 rg BT 452.49 374.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 470.27 374.40 Td (is ) Tj ET Q q 0 0 0 rg BT 477.84 374.40 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 510.51 374.40 Td (then ) Tj ET Q q 0 0 0 rg BT 526.51 374.40 Td (performing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 364.80 Td (the ) Tj ET Q q 0 0 0 rg BT 61.92 364.80 Td (two-step ) Tj ET Q q 0 0 0 rg BT 92.12 364.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 131.65 364.80 Td (test ) Tj ET Q q 0 0 0 rg BT 145.41 364.80 Td (is ) Tj ET Q q 0 0 0 rg BT 153.39 364.80 Td (not ) Tj ET Q q 0 0 0 rg BT 166.26 364.80 Td (necessary) Tj ET Q q 0 0 0 rg BT 196.84 364.80 Td (. ) Tj ET Q q 0 0 0 rg BT 201.29 364.80 Td (The ) Tj ET Q q 0 0 0 rg BT 216.38 364.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 247.90 364.80 Td (was ) Tj ET Q q 0 0 0 rg BT 262.99 364.80 Td (ef) Tj ET Q q 0 0 0 rg BT 269.06 364.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 293.47 364.80 Td (for ) Tj ET Q q 0 0 0 rg BT 305.45 364.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 329.42 364.80 Td (and ) Tj ET Q q 0 0 0 rg BT 343.62 364.80 Td (interim ) Tj ET Q q 0 0 0 rg BT 369.38 364.80 Td (impairment ) Tj ET Q q 0 0 0 rg BT 408.90 364.80 Td (tests ) Tj ET Q q 0 0 0 rg BT 425.77 364.80 Td (performed ) Tj ET Q q 0 0 0 rg BT 461.74 364.80 Td (for ) Tj ET Q q 0 0 0 rg BT 473.71 364.80 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 493.69 364.80 Td (years ) Tj ET Q q 0 0 0 rg BT 513.21 364.80 Td (beginning ) Tj ET Q q 0 0 0 rg BT 547.86 364.80 Td (after ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 355.20 Td (September15, ) Tj ET Q q 0 0 0 rg BT 98.30 355.20 Td (2012. ) Tj ET Q q 0 0 0 rg BT 118.70 355.20 Td (The ) Tj ET Q q 0 0 0 rg BT 133.73 355.20 Td (adoption ) Tj ET Q q 0 0 0 rg BT 164.31 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 173.56 355.20 Td (this ) Tj ET Q q 0 0 0 rg BT 187.71 355.20 Td (guidance ) Tj ET Q q 0 0 0 rg BT 219.17 355.20 Td (may ) Tj ET Q q 0 0 0 rg BT 235.53 355.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 259.89 355.20 Td (how ) Tj ET Q q 0 0 0 rg BT 276.25 355.20 Td (we ) Tj ET Q q 0 0 0 rg BT 288.17 355.20 Td (perform ) Tj ET Q q 0 0 0 rg BT 316.52 355.20 Td (our ) Tj ET Q q 0 0 0 rg BT 329.78 355.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 369.24 355.20 Td (testing ) Tj ET Q q 0 0 0 rg BT 393.16 355.20 Td (in ) Tj ET Q q 0 0 0 rg BT 401.97 355.20 Td (future ) Tj ET Q q 0 0 0 rg BT 423.66 355.20 Td (periods, ) Tj ET Q q 0 0 0 rg BT 451.80 355.20 Td (but ) Tj ET Q q 0 0 0 rg BT 464.61 355.20 Td (not ) Tj ET Q q 0 0 0 rg BT 477.42 355.20 Td (the ) Tj ET Q q 0 0 0 rg BT 489.78 355.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 516.37 355.20 Td (of ) Tj ET Q q 0 0 0 rg BT 525.62 355.20 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 345.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 86.59 345.60 Td (in ) Tj ET Q q 0 0 0 rg BT 94.81 345.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.59 345.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.57 345.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 172.34 345.60 Td (if ) Tj ET Q q 0 0 0 rg BT 179.23 345.60 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 230.54 345.60 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.54 345.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.20 345.60 Td (are ) Tj ET Q q 0 0 0 rg BT 296.96 345.60 Td (found ) Tj ET Q q 0 0 0 rg BT 317.63 345.60 Td (to ) Tj ET Q q 0 0 0 rg BT 325.85 345.60 Td (be ) Tj ET Q q 0 0 0 rg BT 335.40 345.60 Td (impaired.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 330.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 330.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.22 330.00 Td (also ) Tj ET Q q 0 0 0 rg BT 77.37 330.00 Td (adopted ) Tj ET Q q 0 0 0 rg BT 104.96 330.00 Td (guidance ) Tj ET Q q 0 0 0 rg BT 136.09 330.00 Td (that ) Tj ET Q q 0 0 0 rg BT 150.35 330.00 Td (was ) Tj ET Q q 0 0 0 rg BT 165.05 330.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 187.32 330.00 Td (in ) Tj ET Q q 0 0 0 rg BT 195.80 330.00 Td (February ) Tj ET Q q 0 0 0 rg BT 226.94 330.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 245.20 330.00 Td (which ) Tj ET Q q 0 0 0 rg BT 267.02 330.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 295.04 330.00 Td (an ) Tj ET Q q 0 0 0 rg BT 304.86 330.00 Td (entity ) Tj ET Q q 0 0 0 rg BT 325.34 330.00 Td (to ) Tj ET Q q 0 0 0 rg BT 333.82 330.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 360.52 330.00 Td (information ) Tj ET Q q 0 0 0 rg BT 400.55 330.00 Td (about ) Tj ET Q q 0 0 0 rg BT 420.59 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 432.62 330.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 461.99 330.00 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 500.68 330.00 Td (out ) Tj ET Q q 0 0 0 rg BT 513.16 330.00 Td (of ) Tj ET Q q 0 0 0 rg BT 522.09 330.00 Td (accumulated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 320.40 Td (other ) Tj ET Q q 0 0 0 rg BT 68.36 320.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 119.20 320.40 Td (income ) Tj ET Q q 0 0 0 rg BT 145.17 320.40 Td (by ) Tj ET Q q 0 0 0 rg BT 155.59 320.40 Td (component. ) Tj ET Q q 0 0 0 rg BT 195.38 320.40 Td (The ) Tj ET Q q 0 0 0 rg BT 210.23 320.40 Td (guidance ) Tj ET Q q 0 0 0 rg BT 241.53 320.40 Td (was ) Tj ET Q q 0 0 0 rg BT 256.39 320.40 Td (ef) Tj ET Q q 0 0 0 rg BT 262.46 320.40 Td (fective ) Tj ET Q q 0 0 0 rg BT 286.64 320.40 Td (for ) Tj ET Q q 0 0 0 rg BT 298.39 320.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 322.13 320.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 353.87 320.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 379.84 320.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 414.26 320.40 Td (after ) Tj ET Q q 0 0 0 rg BT 431.33 320.40 Td (December ) Tj ET Q q 0 0 0 rg BT 466.61 320.40 Td (15, ) Tj ET Q q 0 0 0 rg BT 479.03 320.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 499.45 320.40 Td (and ) Tj ET Q q 0 0 0 rg BT 513.42 320.40 Td (interim ) Tj ET Q q 0 0 0 rg BT 538.95 320.40 Td (periods ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 310.80 Td (within ) Tj ET Q q 0 0 0 rg BT 71.42 310.80 Td (those ) Tj ET Q q 0 0 0 rg BT 89.77 310.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 112.57 310.80 Td (periods. ) Tj ET Q q 0 0 0 rg BT 139.48 310.80 Td (The ) Tj ET Q q 0 0 0 rg BT 153.39 310.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 182.86 310.80 Td (of ) Tj ET Q q 0 0 0 rg BT 190.99 310.80 Td (this ) Tj ET Q q 0 0 0 rg BT 204.02 310.80 Td (guidance ) Tj ET Q q 0 0 0 rg BT 234.37 310.80 Td (did ) Tj ET Q q 0 0 0 rg BT 246.06 310.80 Td (not ) Tj ET Q q 0 0 0 rg BT 257.75 310.80 Td (change ) Tj ET Q q 0 0 0 rg BT 281.88 310.80 Td (the ) Tj ET Q q 0 0 0 rg BT 293.12 310.80 Td (presentation ) Tj ET Q q 0 0 0 rg BT 333.69 310.80 Td (of ) Tj ET Q q 0 0 0 rg BT 341.83 310.80 Td (our ) Tj ET Q q 0 0 0 rg BT 353.96 310.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 395.86 310.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 431.10 310.80 Td (of ) Tj ET Q q 0 0 0 rg BT 439.24 310.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 474.03 310.80 Td (and ) Tj ET Q q 0 0 0 rg BT 487.06 310.80 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 536.95 310.80 Td (income.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 292.20 Td (Recent ) Tj ET Q q 0 0 0 rg BT 73.12 292.20 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 111.55 292.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 119.25 292.20 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 167.02 292.20 Td (Issued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (There are no recently issued accounting pronouncements that are expected to have an impact on our consolidated financial statements.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 255.00 Td (3. ) Tj ET Q q 0 0 0 rg BT 67.50 255.00 Td (ACQUISITIONS ) Tj ET Q q 0 0 0 rg BT 128.19 255.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 147.52 255.00 Td (DISPOSITIONS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 236.40 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 87.94 236.40 Td (of ) Tj ET Q q 0 0 0 rg BT 96.16 236.40 Td (Bontonfilm) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 220.80 Td (On ) Tj ET Q q 0 0 0 rg BT 61.29 220.80 Td (June ) Tj ET Q q 0 0 0 rg BT 77.96 220.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 89.97 220.80 Td (201) Tj ET Q q 0 0 0 rg BT 101.67 220.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 109.68 220.80 Td (we ) Tj ET Q q 0 0 0 rg BT 121.02 220.80 Td (completed ) Tj ET Q q 0 0 0 rg BT 156.35 220.80 Td (the ) Tj ET Q q 0 0 0 rg BT 168.13 220.80 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 205.25 220.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.92 220.80 Td (100.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.59 220.80 Td ( ) Tj ET Q q 0 0 0 rg BT 240.60 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 249.27 220.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.05 220.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.06 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 291.73 220.80 Td (Bontonfilm, ) Tj ET Q q 0 0 0 rg BT 332.63 220.80 Td (a ) Tj ET Q q 0 0 0 rg BT 338.19 220.80 Td (Czech ) Tj ET Q q 0 0 0 rg BT 360.19 220.80 Td (company) Tj ET Q q 0 0 0 rg BT 388.99 220.80 Td (, ) Tj ET Q q 0 0 0 rg BT 393.00 220.80 Td (from ) Tj ET Q q 0 0 0 rg BT 410.56 220.80 Td (an ) Tj ET Q q 0 0 0 rg BT 420.13 220.80 Td (af) Tj ET Q q 0 0 0 rg BT 426.20 220.80 Td (filiate ) Tj ET Q q 0 0 0 rg BT 446.86 220.80 Td (of ) Tj ET Q q 0 0 0 rg BT 455.54 220.80 Td (Bancroft ) Tj ET Q q 0 0 0 rg BT 485.53 220.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 510.20 220.80 Td (Equity) Tj ET Q q 0 0 0 rg BT 531.02 220.80 Td (, ) Tj ET Q q 0 0 0 rg BT 535.03 220.80 Td (LLP) Tj ET Q q 0 0 0 rg BT 548.95 220.80 Td ( ) Tj ET Q q 0 0 0 rg BT 550.96 220.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 211.20 Td (other ) Tj ET Q q 0 0 0 rg BT 68.15 211.20 Td (minority ) Tj ET Q q 0 0 0 rg BT 97.92 211.20 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 142.41 211.20 Td (The ) Tj ET Q q 0 0 0 rg BT 157.06 211.20 Td (results ) Tj ET Q q 0 0 0 rg BT 180.16 211.20 Td (of ) Tj ET Q q 0 0 0 rg BT 189.04 211.20 Td (Bontonfilm's ) Tj ET Q q 0 0 0 rg BT 232.70 211.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 268.24 211.20 Td (have ) Tj ET Q q 0 0 0 rg BT 285.55 211.20 Td (been ) Tj ET Q q 0 0 0 rg BT 302.87 211.20 Td (included ) Tj ET Q q 0 0 0 rg BT 332.63 211.20 Td (in ) Tj ET Q q 0 0 0 rg BT 341.07 211.20 Td (the ) Tj ET Q q 0 0 0 rg BT 353.06 211.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 395.71 211.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 425.91 211.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 461.89 211.20 Td (since ) Tj ET Q q 0 0 0 rg BT 480.54 211.20 Td (that ) Tj ET Q q 0 0 0 rg BT 494.75 211.20 Td (date. ) Tj ET Q q 0 0 0 rg BT 512.29 211.20 Td (Bontonfilm ) Tj ET Q q 0 0 0 rg BT 551.40 211.20 Td (is ) Tj ET Q q 0 0 0 rg BT 558.95 211.20 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 201.60 Td (theatrical, ) Tj ET Q q 0 0 0 rg BT 83.26 201.60 Td (home ) Tj ET Q q 0 0 0 rg BT 103.03 201.60 Td (entertainment, ) Tj ET Q q 0 0 0 rg BT 151.01 201.60 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 183.66 201.60 Td (television ) Tj ET Q q 0 0 0 rg BT 216.77 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.32 201.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 252.76 201.60 Td (film ) Tj ET Q q 0 0 0 rg BT 268.09 201.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 288.32 201.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 327.21 201.60 Td (company ) Tj ET Q q 0 0 0 rg BT 358.53 201.60 Td (in ) Tj ET Q q 0 0 0 rg BT 366.75 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.53 201.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 400.52 201.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 431.40 201.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.95 201.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.72 201.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 480.95 201.60 Td (Republic.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 186.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.64 186.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 93.78 186.00 Td (price ) Tj ET Q q 0 0 0 rg BT 111.47 186.00 Td (was ) Tj ET Q q 0 0 0 rg BT 125.61 186.00 Td (set ) Tj ET Q q 0 0 0 rg BT 136.20 186.00 Td (on ) Tj ET Q q 0 0 0 rg BT 145.91 186.00 Td (a ) Tj ET Q q 0 0 0 rg BT 151.16 186.00 Td (debt-free ) Tj ET Q q 0 0 0 rg BT 181.73 186.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 199.44 186.00 Td (and ) Tj ET Q q 0 0 0 rg BT 212.69 186.00 Td (consisted ) Tj ET Q q 0 0 0 rg BT 244.17 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.54 186.00 Td (initial ) Tj ET Q q 0 0 0 rg BT 272.91 186.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 288.83 186.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 333.63 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 342.00 186.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.93 186.00 Td (1) Tj ET Q q 0 0 0 rg BT 361.63 186.00 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 373.33 186.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.45 186.00 Td ( ) Tj ET Q q 0 0 0 rg BT 398.15 186.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 413.63 186.00 Td (at ) Tj ET Q q 0 0 0 rg BT 421.11 186.00 Td (closing, ) Tj ET Q q 0 0 0 rg BT 447.92 186.00 Td (with ) Tj ET Q q 0 0 0 rg BT 463.85 186.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 511.76 186.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.69 186.00 Td (3.0 ) Tj ET Q q 0 0 0 rg BT 539.39 186.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.51 186.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.07 176.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 74.19 176.40 Td (in ) Tj ET Q q 0 0 0 rg BT 82.32 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 94.00 176.40 Td (business ) Tj ET Q q 0 0 0 rg BT 123.01 176.40 Td (as ) Tj ET Q q 0 0 0 rg BT 131.58 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 140.15 176.40 Td (June ) Tj ET Q q 0 0 0 rg BT 156.72 176.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 168.63 176.40 Td (201) Tj ET Q q 0 0 0 rg BT 180.33 176.40 Td (1.) Tj ET Q q 0 0 0 rg BT 187.89 176.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 224.01 176.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.13 176.40 Td (consideration ) Tj ET Q q 0 0 0 rg BT 285.14 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 293.71 176.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 341.82 176.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.95 176.40 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 369.86 176.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.97 176.40 Td ( ) Tj ET Q q 0 0 0 rg BT 394.87 176.40 Td (was ) Tj ET Q q 0 0 0 rg BT 409.22 176.40 Td (deposited ) Tj ET Q q 0 0 0 rg BT 441.79 176.40 Td (into ) Tj ET Q q 0 0 0 rg BT 456.14 176.40 Td (escrow ) Tj ET Q q 0 0 0 rg BT 480.70 176.40 Td (and ) Tj ET Q q 0 0 0 rg BT 494.15 176.40 Td (released ) Tj ET Q q 0 0 0 rg BT 522.26 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.39 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 542.07 176.40 Td (sellers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 166.80 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 166.80 Td (December ) Tj ET Q q 0 0 0 rg BT 92.59 166.80 Td (201) Tj ET Q q 0 0 0 rg BT 104.29 166.80 Td (1.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (53) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 723.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.12 723.50 Td (performed ) Tj ET Q q 0 0 0 rg BT 97.60 723.50 Td (a ) Tj ET Q q 0 0 0 rg BT 103.32 723.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 116.58 723.50 Td (value ) Tj ET Q q 0 0 0 rg BT 136.07 723.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 164.44 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 172.82 723.50 Td (allocate ) Tj ET Q q 0 0 0 rg BT 199.86 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 211.79 723.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 242.38 723.50 Td (price ) Tj ET Q q 0 0 0 rg BT 260.54 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 268.92 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.86 723.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 310.56 723.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.39 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 345.10 723.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 377.04 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 390.75 723.50 Td (separately ) Tj ET Q q 0 0 0 rg BT 425.34 723.50 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 463.93 723.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 498.09 723.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 518.92 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 527.74 723.50 Td (at ) Tj ET Q q 0 0 0 rg BT 535.68 723.50 Td (June ) Tj ET Q q 0 0 0 rg BT 552.51 723.50 Td (30, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (201) Tj ET Q q 0 0 0 rg BT 61.20 713.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 69.35 713.90 Td (which ) Tj ET Q q 0 0 0 rg BT 91.05 713.90 Td (was ) Tj ET Q q 0 0 0 rg BT 105.65 713.90 Td (finalized ) Tj ET Q q 0 0 0 rg BT 135.78 713.90 Td (as ) Tj ET Q q 0 0 0 rg BT 144.60 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 153.41 713.90 Td (December ) Tj ET Q q 0 0 0 rg BT 188.43 713.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 200.58 713.90 Td (201) Tj ET Q q 0 0 0 rg BT 212.28 713.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 220.28 713.90 Td (The ) Tj ET Q q 0 0 0 rg BT 234.86 713.90 Td (following ) Tj ET Q q 0 0 0 rg BT 268.12 713.90 Td (table ) Tj ET Q q 0 0 0 rg BT 285.82 713.90 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 326.18 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 338.11 713.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 351.36 713.90 Td (values ) Tj ET Q q 0 0 0 rg BT 373.95 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 382.76 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 394.68 713.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.50 713.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 445.19 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 458.89 713.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 490.81 713.90 Td (assumed ) Tj ET Q q 0 0 0 rg BT 520.51 713.90 Td (at ) Tj ET Q q 0 0 0 rg BT 528.44 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 540.36 713.90 Td (date ) Tj ET Q q 0 0 0 rg BT 555.84 713.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (acquisition:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 672.80 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 672.80 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.80 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 642.80 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 612.80 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 612.80 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 582.80 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 582.80 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 552.80 402.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 552.80 110.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452 672.8 m 562 672.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452 672.8 m 562 672.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 552.8 m 562 552.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 538.8 m 562 538.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 536.8 m 562 536.8 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.10 685.03 Td (Fair Value on Date of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.90 677.03 Td (Acquisition) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 662.05 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.50 662.05 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 662.05 Td (3,011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 647.05 Td (Property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 647.05 Td (384) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 632.05 Td (Program rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 632.05 Td (201) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 617.05 Td (Inventory) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 617.05 Td (2,978) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 602.05 Td (Other intangible assets subject to amortization) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 200.68 605.68 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 602.05 Td (1,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 587.05 Td (Deferred tax assets, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 587.05 Td (862) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 572.05 Td (Other assets, net) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 105.15 575.68 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 572.05 Td (838) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 557.05 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 82.72 560.68 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 557.05 Td (1,477) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 542.03 Td (Total purchase price) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.50 542.03 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 542.03 Td (11,750) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 532.33 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.56 528.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 528.70 Td (The other intangible assets subject to amortization consist of distribution relationships with studios and are amortized on a straight-line basis over ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 519.10 Td (their estimated useful life which was determined to be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.78 519.10 Td (8.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.78 519.10 Td ( years at the acquisition date.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 510.13 Td (\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.56 506.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 506.50 Td (Amount ) Tj ET Q q 0 0 0 rg BT 112.89 506.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 140.71 506.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.10 506.50 Td (4.0 ) Tj ET Q q 0 0 0 rg BT 167.27 506.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.38 506.50 Td ( ) Tj ET Q q 0 0 0 rg BT 191.55 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 199.38 506.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 228.08 506.50 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 267.22 506.50 Td (which ) Tj ET Q q 0 0 0 rg BT 287.94 506.50 Td (represents ) Tj ET Q q 0 0 0 rg BT 321.53 506.50 Td (management's ) Tj ET Q q 0 0 0 rg BT 368.12 506.50 Td (best ) Tj ET Q q 0 0 0 rg BT 382.18 506.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 410.00 506.50 Td (of ) Tj ET Q q 0 0 0 rg BT 417.83 506.50 Td (the ) Tj ET Q q 0 0 0 rg BT 428.76 506.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 476.14 506.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.53 506.50 Td (7.1 ) Tj ET Q q 0 0 0 rg BT 502.69 506.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.81 506.50 Td ( ) Tj ET Q q 0 0 0 rg BT 526.97 506.50 Td (contractual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 496.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 101.71 496.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 121.49 496.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 151.92 496.90 Td (to ) Tj ET Q q 0 0 0 rg BT 160.14 496.90 Td (be ) Tj ET Q q 0 0 0 rg BT 169.69 496.90 Td (collected ) Tj ET Q q 0 0 0 rg BT 200.56 496.90 Td (as ) Tj ET Q q 0 0 0 rg BT 209.23 496.90 Td (of ) Tj ET Q q 0 0 0 rg BT 217.89 496.90 Td (the ) Tj ET Q q 0 0 0 rg BT 229.66 496.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 266.77 496.90 Td (date.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 487.93 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.56 484.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 484.30 Td (No ) Tj ET Q q 0 0 0 rg BT 97.28 484.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 127.72 484.30 Td (is ) Tj ET Q q 0 0 0 rg BT 135.06 484.30 Td (deductible ) Tj ET Q q 0 0 0 rg BT 170.38 484.30 Td (for ) Tj ET Q q 0 0 0 rg BT 181.71 484.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.48 484.30 Td (purposes.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 465.70 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 87.94 465.70 Td (of ) Tj ET Q q 0 0 0 rg BT 96.16 465.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 103.87 465.70 Td (o ) Tj ET Q q 0 0 0 rg BT 109.87 465.70 Td (Digital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.03 450.10 Td (January ) Tj ET Q q 0 0 0 rg BT 87.66 450.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 99.41 450.10 Td (201) Tj ET Q q 0 0 0 rg BT 111.12 450.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 118.87 450.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.95 450.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 165.02 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.54 450.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 213.40 450.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.82 450.10 Td (100.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.48 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.23 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.65 450.10 Td (Pro ) Tj ET Q q 0 0 0 rg BT 269.52 450.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 293.49 450.10 Td (S.R.L. ) Tj ET Q q 0 0 0 rg BT 315.91 450.10 Td (\(Pro ) Tj ET Q q 0 0 0 rg BT 334.99 450.10 Td (Digital\), ) Tj ET Q q 0 0 0 rg BT 367.18 450.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.48 450.10 Td (company ) Tj ET Q q 0 0 0 rg BT 403.55 450.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.30 450.10 Td (was ) Tj ET Q q 0 0 0 rg BT 431.50 450.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 465.68 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.98 450.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 507.84 450.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 530.92 450.10 Td (by ) Tj ET Q q 0 0 0 rg BT 540.29 450.10 Td (Adrian ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 440.50 Td (Sarbu, ) Tj ET Q q 0 0 0 rg BT 72.38 440.50 Td (our ) Tj ET Q q 0 0 0 rg BT 85.25 440.50 Td (former ) Tj ET Q q 0 0 0 rg BT 109.23 440.50 Td (President ) Tj ET Q q 0 0 0 rg BT 141.22 440.50 Td (and ) Tj ET Q q 0 0 0 rg BT 154.98 440.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 174.97 440.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 209.17 440.50 Td (Of) Tj ET Q q 0 0 0 rg BT 217.46 440.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 234.33 440.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.09 440.50 Td (former ) Tj ET Q q 0 0 0 rg BT 272.07 440.50 Td (member ) Tj ET Q q 0 0 0 rg BT 300.49 440.50 Td (of ) Tj ET Q q 0 0 0 rg BT 309.37 440.50 Td (our ) Tj ET Q q 0 0 0 rg BT 322.25 440.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 344.01 440.50 Td (of ) Tj ET Q q 0 0 0 rg BT 352.89 440.50 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 386.87 440.50 Td (on ) Tj ET Q q 0 0 0 rg BT 397.08 440.50 Td (a ) Tj ET Q q 0 0 0 rg BT 402.84 440.50 Td (debt-free ) Tj ET Q q 0 0 0 rg BT 433.92 440.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 452.14 440.50 Td (for ) Tj ET Q q 0 0 0 rg BT 463.68 440.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 480.11 440.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 525.42 440.50 Td (of ) Tj ET Q q 0 0 0 rg BT 534.29 440.50 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.51 440.50 Td (0.7 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 430.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.61 430.90 Td ( ) Tj ET Q q 0 0 0 rg BT 74.56 430.90 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 125.38 430.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 141.55 430.90 Td (0.9 ) Tj ET Q q 0 0 0 rg BT 153.50 430.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.61 430.90 Td ( ) Tj ET Q q 0 0 0 rg BT 178.56 430.90 Td (at ) Tj ET Q q 0 0 0 rg BT 186.28 430.90 Td (the ) Tj ET Q q 0 0 0 rg BT 198.00 430.90 Td (date ) Tj ET Q q 0 0 0 rg BT 213.27 430.90 Td (of ) Tj ET Q q 0 0 0 rg BT 221.88 430.90 Td (acquisition\). ) Tj ET Q q 0 0 0 rg BT 263.60 430.90 Td (Pro ) Tj ET Q q 0 0 0 rg BT 276.66 430.90 Td (Digital ) Tj ET Q q 0 0 0 rg BT 300.83 430.90 Td (is ) Tj ET Q q 0 0 0 rg BT 308.11 430.90 Td (a ) Tj ET Q q 0 0 0 rg BT 313.61 430.90 Td (free-to-air ) Tj ET Q q 0 0 0 rg BT 347.97 430.90 Td (broadcaster ) Tj ET Q q 0 0 0 rg BT 386.79 430.90 Td (in ) Tj ET Q q 0 0 0 rg BT 394.96 430.90 Td (Moldova ) Tj ET Q q 0 0 0 rg BT 425.79 430.90 Td (that ) Tj ET Q q 0 0 0 rg BT 439.74 430.90 Td (operates ) Tj ET Q q 0 0 0 rg BT 468.34 430.90 Td (our ) Tj ET Q q 0 0 0 rg BT 480.95 430.90 Td (PRO ) Tj ET Q q 0 0 0 rg BT 498.32 430.90 Td (TV) Tj ET Q q 0 0 0 rg BT 508.84 430.90 Td ( ) Tj ET Q q 0 0 0 rg BT 510.78 430.90 Td (CHISINAU ) Tj ET Q q 0 0 0 rg BT 550.95 430.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 421.30 Td (ACASA) Tj ET Q q 0 0 0 rg BT 76.18 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 78.12 421.30 Td (IN ) Tj ET Q q 0 0 0 rg BT 88.51 421.30 Td (MOLDOV) Tj ET Q q 0 0 0 rg BT 122.58 421.30 Td (A) Tj ET Q q 0 0 0 rg BT 127.92 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 129.86 421.30 Td (channels, ) Tj ET Q q 0 0 0 rg BT 161.80 421.30 Td (which ) Tj ET Q q 0 0 0 rg BT 183.29 421.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 215.01 421.30 Td (rebroadcast ) Tj ET Q q 0 0 0 rg BT 253.82 421.30 Td (our ) Tj ET Q q 0 0 0 rg BT 266.43 421.30 Td (PRO ) Tj ET Q q 0 0 0 rg BT 283.79 421.30 Td (TV) Tj ET Q q 0 0 0 rg BT 294.31 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 296.26 421.30 Td (and ) Tj ET Q q 0 0 0 rg BT 309.32 421.30 Td (ACASA) Tj ET Q q 0 0 0 rg BT 336.00 421.30 Td ( ) Tj ET Q q 0 0 0 rg BT 337.94 421.30 Td (in ) Tj ET Q q 0 0 0 rg BT 346.11 421.30 Td (Romania.In ) Tj ET Q q 0 0 0 rg BT 387.60 421.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 424.64 421.30 Td (with ) Tj ET Q q 0 0 0 rg BT 440.81 421.30 Td (this ) Tj ET Q q 0 0 0 rg BT 454.31 421.30 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 493.35 421.30 Td (we ) Tj ET Q q 0 0 0 rg BT 504.63 421.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 534.55 421.30 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 552.50 421.30 Td (0.5 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 411.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.61 411.70 Td ( ) Tj ET Q q 0 0 0 rg BT 74.61 411.70 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 125.48 411.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 141.71 411.70 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 153.71 411.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.82 411.70 Td ( ) Tj ET Q q 0 0 0 rg BT 178.82 411.70 Td (at ) Tj ET Q q 0 0 0 rg BT 186.60 411.70 Td (the ) Tj ET Q q 0 0 0 rg BT 198.37 411.70 Td (date ) Tj ET Q q 0 0 0 rg BT 213.70 411.70 Td (of ) Tj ET Q q 0 0 0 rg BT 222.36 411.70 Td (acquisition\) ) Tj ET Q q 0 0 0 rg BT 262.13 411.70 Td (of ) Tj ET Q q 0 0 0 rg BT 270.79 411.70 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 303.24 411.70 Td (which ) Tj ET Q q 0 0 0 rg BT 324.79 411.70 Td (was ) Tj ET Q q 0 0 0 rg BT 339.23 411.70 Td (allocated ) Tj ET Q q 0 0 0 rg BT 370.10 411.70 Td (to ) Tj ET Q q 0 0 0 rg BT 378.32 411.70 Td (the ) Tj ET Q q 0 0 0 rg BT 390.10 411.70 Td (Romania ) Tj ET Q q 0 0 0 rg BT 420.98 411.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.30 411.70 Td (unit.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 67.50 390.10 Td (GOODWILL) Tj ET Q q 0 0 0 rg BT 113.29 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.85 390.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 134.18 390.10 Td (INT) Tj ET Q q 0 0 0 rg BT 147.81 390.10 Td (ANGIBLE ) Tj ET Q q 0 0 0 rg BT 186.27 390.10 Td (ASSETS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 371.50 Td (Goodwill:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 355.90 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 81.72 355.90 Td (by ) Tj ET Q q 0 0 0 rg BT 91.72 355.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 123.05 355.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 137.49 355.90 Td (as ) Tj ET Q q 0 0 0 rg BT 146.16 355.90 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.93 355.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.80 355.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.80 355.90 Td ( ) Tj ET Q q 0 0 0 rg BT 218.80 355.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.35 355.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 279.21 355.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.21 355.90 Td ( ) Tj ET Q q 0 0 0 rg BT 297.21 355.90 Td (is ) Tj ET Q q 0 0 0 rg BT 304.55 355.90 Td (summarized ) Tj ET Q q 0 0 0 rg BT 345.65 355.90 Td (as ) Tj ET Q q 0 0 0 rg BT 354.31 355.90 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 47.00 302.40 77.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 302.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 47.00 276.40 77.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 276.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 47.00 250.40 77.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 250.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 47.00 224.40 77.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 124.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 224.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 224.40 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 124 302.4 m 179 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 179 302.4 m 234 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234 302.4 m 289 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289 302.4 m 344 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 302.4 m 399 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399 302.4 m 454 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 454 302.4 m 509 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 509 302.4 m 564 302.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124 224.39999999999998 m 179 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124 212.39999999999998 m 179 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124 210.39999999999998 m 179 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 224.39999999999998 m 234 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 212.39999999999998 m 234 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 210.39999999999998 m 234 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 224.39999999999998 m 289 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 212.39999999999998 m 289 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 210.39999999999998 m 289 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 224.39999999999998 m 344 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 212.39999999999998 m 344 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 210.39999999999998 m 344 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 224.39999999999998 m 399 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 212.39999999999998 m 399 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 210.39999999999998 m 399 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 224.39999999999998 m 454 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 212.39999999999998 m 454 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399 210.39999999999998 m 454 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 224.39999999999998 m 509 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 212.39999999999998 m 509 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 210.39999999999998 m 509 210.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 224.39999999999998 m 564 224.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 212.39999999999998 m 564 212.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 210.39999999999998 m 564 210.39999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 85.00 306.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 141.05 330.63 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 136.40 322.63 Td (Balance,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 127.75 314.63 Td (December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 143.20 306.63 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 183.30 322.63 Td (Accumulated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 185.30 314.63 Td (Impairment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 194.85 306.63 Td (Losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.40 322.63 Td (Balance,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.75 314.63 Td (December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.20 306.63 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.30 314.63 Td (Impairment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.30 306.63 Td (Charge) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.70 314.63 Td (Foreign) Tj ET Q BT /F3 8.00 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8.00 Tf ET q 0 0 0 rg BT 202.10 293.65 Td (\(117,460) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.80 293.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.80 293.65 Td (58,934) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.10 293.65 Td (\(10,366) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.80 293.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 293.65 Td (1,079) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.80 293.65 Td (49,647) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.10 293.65 Td (\(127,826) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 293.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.75 293.65 Td 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8.00 Tf ET q 0 0 0 rg BT 312.10 267.65 Td (\(287,545) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.80 267.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.80 267.65 Td (37,218) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.75 267.65 Td (614,843) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.10 267.65 Td (\(287,545) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 267.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.75 267.65 Td (902,388) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 254.65 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.75 254.65 Td (106,559) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.10 254.65 Td (\(11,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.80 254.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.80 254.65 Td (95,531) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.80 254.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.10 254.65 Td (\(531) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.80 254.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.80 254.65 Td (95,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.10 254.65 Td (\(11,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 254.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.75 254.65 Td (106,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 241.65 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.80 241.65 Td (56,575) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.80 241.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.80 241.65 Td (56,575) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.80 241.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 241.65 Td (1,118) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.80 241.65 Td (57,693) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 241.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.80 241.65 Td (57,693) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 228.65 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.80 228.65 Td (18,321) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.80 228.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.80 228.65 Td (18,321) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.80 228.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.80 228.65 Td (361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.80 228.65 Td (18,682) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 228.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.80 228.65 Td (18,682) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 215.63 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 126.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 143.75 215.63 Td (1,234,135) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 202.10 215.63 Td (\(138,942) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 230.80 215.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 253.75 215.63 Td (1,095,193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 291.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.10 215.63 Td (\(297,911) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.80 215.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.80 215.63 Td (39,256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.75 215.63 Td (836,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.10 215.63 Td (\(436,853) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.80 215.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.50 215.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.75 215.63 Td (1,273,391) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 161.40 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.00 161.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 161.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 161.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 161.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 161.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 161.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 161.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 161.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 135.40 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.00 135.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 135.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 135.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 135.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 135.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 135.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 135.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 135.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 109.40 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.00 109.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 109.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 109.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 109.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 109.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 109.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 109.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 109.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 83.40 76.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 125.00 83.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 179.00 83.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.00 83.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.00 83.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 83.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 83.40 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 83.40 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 83.40 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 125 161.39999999999998 m 179 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 179 161.39999999999998 m 234 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234 161.39999999999998 m 289 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289 161.39999999999998 m 343 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 343 161.39999999999998 m 398 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398 161.39999999999998 m 452 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452 161.39999999999998 m 507 161.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 507 161.39999999999998 m 562 161.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 83.39999999999998 m 562 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125 83.39999999999998 m 179 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125 71.39999999999998 m 179 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 125 69.39999999999998 m 179 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 83.39999999999998 m 234 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 71.39999999999998 m 234 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179 69.39999999999998 m 234 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 83.39999999999998 m 289 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 71.39999999999998 m 289 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234 69.39999999999998 m 289 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 83.39999999999998 m 343 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 71.39999999999998 m 343 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289 69.39999999999998 m 343 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 83.39999999999998 m 398 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 71.39999999999998 m 398 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 69.39999999999998 m 398 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 83.39999999999998 m 452 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 71.39999999999998 m 452 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 69.39999999999998 m 452 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 83.39999999999998 m 507 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 71.39999999999998 m 507 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 69.39999999999998 m 507 69.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 83.39999999999998 m 562 83.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 71.39999999999998 m 562 71.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 69.39999999999998 m 562 69.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 165.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 141.55 189.63 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 136.90 181.63 Td (Balance,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 128.25 173.63 Td (December31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 143.50 165.63 Td (2012) Tj ET Q BT 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60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 503.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 503.50 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 177 653.5 m 237 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 241 653.5 m 301 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 305 653.5 m 365 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369 653.5 m 434 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 653.5 m 498 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 653.5 m 562 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 177 653.5 m 237 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 241 653.5 m 301 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 305 653.5 m 365 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369 653.5 m 434 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 653.5 m 498 653.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 653.5 m 562 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 563.5 m 237 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 549.5 m 237 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 547.5 m 237 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 563.5 m 301 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 549.5 m 301 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 547.5 m 301 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 563.5 m 365 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 549.5 m 365 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 547.5 m 365 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 563.5 m 434 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 549.5 m 434 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 547.5 m 434 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 563.5 m 498 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 549.5 m 498 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 547.5 m 498 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 563.5 m 562 563.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 549.5 m 562 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 547.5 m 562 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 488.5 m 237 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 474.5 m 237 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177 472.5 m 237 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 488.5 m 301 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 474.5 m 301 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 472.5 m 301 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 488.5 m 365 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 474.5 m 365 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 472.5 m 365 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 488.5 m 434 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 474.5 m 434 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 472.5 m 434 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 488.5 m 498 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 474.5 m 498 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 472.5 m 498 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 488.5 m 562 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 474.5 m 562 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 472.5 m 562 472.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 657.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 197.50 681.73 Td (Indefinite-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.90 673.73 Td (Lived) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 198.95 665.73 Td (Broadcast) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 204.60 657.73 Td (Licenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 261.05 673.73 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 262.95 665.73 Td (Broadcast) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.60 657.73 Td (Licenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.40 657.73 Td (Trademarks) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.85 665.73 Td (Customer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.25 657.73 Td (Relationships) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.20 657.73 Td (Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.00 657.73 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 642.73 Td (BALANCE December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 642.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 211.80 642.73 Td (51,800) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 243.50 642.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.80 642.73 Td (280,210) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.50 642.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.80 642.73 Td (126,645) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.50 642.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.80 642.73 Td (74,346) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 642.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.80 642.73 Td (5,194) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 642.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 642.73 Td (538,195) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 627.75 Td (Reclassifications) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.10 627.75 Td (\(51,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.80 627.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.80 627.75 Td (51,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.80 627.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.80 627.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.80 627.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 627.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 612.75 Td (Additions) Tj ET Q BT 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 597.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 582.75 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.80 582.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.10 582.75 Td (\(37,325) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 582.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.80 582.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.10 582.75 Td (\(8,192) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 582.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.10 582.75 Td (\(1,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 582.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 582.75 Td (\(46,627) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 582.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 567.75 Td (Foreign currency movements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.80 567.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.80 567.75 Td (5,515) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.80 567.75 Td (2,287) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 567.75 Td (1,006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 567.75 Td (402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 567.75 Td (9,210) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 552.73 Td (BALANCE December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 552.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 225.80 552.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 243.50 552.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.80 552.73 Td (119,570) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.50 552.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.80 552.73 Td (121,761) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.50 552.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.80 552.73 Td (39,094) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 552.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.80 552.73 Td (4,516) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 552.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 552.73 Td (284,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 537.75 Td (Additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.80 537.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.80 537.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.80 537.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.80 537.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.80 537.75 Td (772) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 537.75 Td (772) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 522.75 Td (Impairment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.80 522.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.10 522.75 Td (\(7,596) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 522.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.10 522.75 Td (\(12,259) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 522.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 522.75 Td (\(23,608) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 522.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.80 522.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 522.75 Td (\(43,463) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 522.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 507.75 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.80 507.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.10 507.75 Td (\(9,970) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 507.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.80 507.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.10 507.75 Td (\(4,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 507.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.10 507.75 Td (\(1,826) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 507.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 507.75 Td (\(16,219) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 507.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 492.75 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 79.39 492.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 109.37 492.75 Td (movements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.80 492.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.10 492.75 Td (\(4,197) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 492.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.80 492.75 Td (2,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.80 492.75 Td (979) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 492.75 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.10 492.75 Td (\(236) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 492.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 477.73 Td (BALANCE December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 477.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 225.80 477.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 243.50 477.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.80 477.73 Td (97,807) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.50 477.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.80 477.73 Td (112,477) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.50 477.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.80 477.73 Td (12,042) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 477.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.80 477.73 Td (3,469) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.50 477.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 477.73 Td (225,795) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 458.40 Td (Until ) Tj ET Q q 0 0 0 rg BT 67.51 458.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 113.94 458.40 Td (201) Tj ET Q q 0 0 0 rg BT 125.64 458.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 133.20 458.40 Td (our ) Tj ET Q q 0 0 0 rg BT 145.43 458.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 177.64 458.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 204.53 458.40 Td (in ) Tj ET Q q 0 0 0 rg BT 212.31 458.40 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 239.42 458.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 269.86 458.40 Td (and ) Tj ET Q q 0 0 0 rg BT 282.97 458.40 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 312.53 458.40 Td (were ) Tj ET Q q 0 0 0 rg BT 329.64 458.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 367.18 458.40 Td (to ) Tj ET Q q 0 0 0 rg BT 374.97 458.40 Td (have ) Tj ET Q q 0 0 0 rg BT 391.63 458.40 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 423.85 458.40 Td (lives ) Tj ET Q q 0 0 0 rg BT 440.52 458.40 Td (and ) Tj ET Q q 0 0 0 rg BT 453.63 458.40 Td (were ) Tj ET Q q 0 0 0 rg BT 470.74 458.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 494.96 458.40 Td (to ) Tj ET Q q 0 0 0 rg BT 502.74 458.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.63 458.40 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 448.80 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 78.20 448.80 Td (These ) Tj ET Q q 0 0 0 rg BT 99.27 448.80 Td (balances ) Tj ET Q q 0 0 0 rg BT 128.77 448.80 Td (were ) Tj ET Q q 0 0 0 rg BT 146.28 448.80 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 184.68 448.80 Td (from ) Tj ET Q q 0 0 0 rg BT 202.19 448.80 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 253.47 448.80 Td (to ) Tj ET Q q 0 0 0 rg BT 261.66 448.80 Td (amortized ) Tj ET Q q 0 0 0 rg BT 295.61 448.80 Td (on ) Tj ET Q q 0 0 0 rg BT 305.58 448.80 Td (January ) Tj ET Q q 0 0 0 rg BT 332.42 448.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 340.39 448.80 Td (2012. ) Tj ET Q q 0 0 0 rg BT 360.21 448.80 Td (The ) Tj ET Q q 0 0 0 rg BT 374.62 448.80 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 425.90 448.80 Td (licenses ) Tj ET Q q 0 0 0 rg BT 453.19 448.80 Td (were ) Tj ET Q q 0 0 0 rg BT 470.70 448.80 Td (not ) Tj ET Q q 0 0 0 rg BT 482.89 448.80 Td (impaired ) Tj ET Q q 0 0 0 rg BT 513.29 448.80 Td (as ) Tj ET Q q 0 0 0 rg BT 521.92 448.80 Td (at ) Tj ET Q q 0 0 0 rg BT 529.65 448.80 Td (January ) Tj ET Q q 0 0 0 rg BT 556.50 448.80 Td (1, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 439.20 Td (2012. ) Tj ET Q q 0 0 0 rg BT 69.62 439.20 Td (Prior ) Tj ET Q q 0 0 0 rg BT 87.74 439.20 Td (to ) Tj ET Q q 0 0 0 rg BT 96.09 439.20 Td (December ) Tj ET Q q 0 0 0 rg BT 131.07 439.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 143.20 439.20 Td (201) Tj ET Q q 0 0 0 rg BT 154.90 439.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 163.02 439.20 Td (the ) Tj ET Q q 0 0 0 rg BT 174.91 439.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 202.36 439.20 Td (in ) Tj ET Q q 0 0 0 rg BT 210.70 439.20 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 240.37 439.20 Td (were ) Tj ET Q q 0 0 0 rg BT 258.04 439.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 296.14 439.20 Td (to ) Tj ET Q q 0 0 0 rg BT 304.48 439.20 Td (have ) Tj ET Q q 0 0 0 rg BT 321.71 439.20 Td (an ) Tj ET Q q 0 0 0 rg BT 331.38 439.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 364.16 439.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 397.38 439.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 419.05 439.20 Td (life ) Tj ET Q q 0 0 0 rg BT 431.83 439.20 Td (of, ) Tj ET Q q 0 0 0 rg BT 442.61 439.20 Td (and ) Tj ET Q q 0 0 0 rg BT 456.29 439.20 Td (were ) Tj ET Q q 0 0 0 rg BT 473.95 439.20 Td (amortized ) Tj ET Q q 0 0 0 rg BT 508.05 439.20 Td (on ) Tj ET Q q 0 0 0 rg BT 518.18 439.20 Td (a ) Tj ET Q q 0 0 0 rg BT 523.85 439.20 Td (straight-line ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 429.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 67.85 429.60 Td (over) Tj ET Q q 0 0 0 rg BT 81.74 429.60 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.09 429.60 Td (twenty-four ) Tj ET Q q 0 0 0 rg BT 126.20 429.60 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.08 429.60 Td (.Licenses ) Tj ET Q q 0 0 0 rg BT 177.41 429.60 Td (in ) Tj ET Q q 0 0 0 rg BT 185.98 429.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.10 429.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 220.43 429.60 Td (Republic ) Tj ET Q q 0 0 0 rg BT 251.66 429.60 Td (were ) Tj ET Q q 0 0 0 rg BT 269.55 429.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 307.88 429.60 Td (to ) Tj ET Q q 0 0 0 rg BT 316.45 429.60 Td (have ) Tj ET Q q 0 0 0 rg BT 333.89 429.60 Td (an ) Tj ET Q q 0 0 0 rg BT 343.79 429.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 377.23 429.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 399.13 429.60 Td (life ) Tj ET Q q 0 0 0 rg BT 412.14 429.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 423.15 429.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.04 429.60 Td (were ) Tj ET Q q 0 0 0 rg BT 454.93 429.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 489.26 429.60 Td (on ) Tj ET Q q 0 0 0 rg BT 499.61 429.60 Td (a ) Tj ET Q q 0 0 0 rg BT 505.50 429.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 546.51 429.60 Td (basis ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 420.00 Td (over) Tj ET Q q 0 0 0 rg BT 63.39 420.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.12 420.00 Td (twenty ) Tj ET Q q 0 0 0 rg BT 90.61 420.00 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.49 420.00 Td (.) Tj ET Q q 0 0 0 rg BT 111.35 420.00 Td (The ) Tj ET Q q 0 0 0 rg BT 125.51 420.00 Td (license ) Tj ET Q q 0 0 0 rg BT 149.44 420.00 Td (in ) Tj ET Q q 0 0 0 rg BT 157.39 420.00 Td (the ) Tj ET Q q 0 0 0 rg BT 168.88 420.00 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 192.83 420.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 223.43 420.00 Td (was ) Tj ET Q q 0 0 0 rg BT 237.60 420.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 275.30 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 283.25 420.00 Td (have ) Tj ET Q q 0 0 0 rg BT 300.07 420.00 Td (an ) Tj ET Q q 0 0 0 rg BT 309.35 420.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 342.17 420.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 363.44 420.00 Td (life ) Tj ET Q q 0 0 0 rg BT 375.82 420.00 Td (of, ) Tj ET Q q 0 0 0 rg BT 386.21 420.00 Td (and ) Tj ET Q q 0 0 0 rg BT 399.48 420.00 Td (was ) Tj ET Q q 0 0 0 rg BT 413.65 420.00 Td (amortized ) Tj ET Q q 0 0 0 rg BT 447.36 420.00 Td (on ) Tj ET Q q 0 0 0 rg BT 457.08 420.00 Td (a ) Tj ET Q q 0 0 0 rg BT 462.35 420.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 502.73 420.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 520.45 420.00 Td (over) Tj ET Q q 0 0 0 rg BT 534.35 420.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.07 420.00 Td (thirteen ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 410.40 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.38 410.40 Td (. ) Tj ET Q q 0 0 0 rg BT 70.04 410.40 Td (The ) Tj ET Q q 0 0 0 rg BT 84.27 410.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 107.82 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.28 410.40 Td (this ) Tj ET Q q 0 0 0 rg BT 129.62 410.40 Td (change ) Tj ET Q q 0 0 0 rg BT 154.07 410.40 Td (in ) Tj ET Q q 0 0 0 rg BT 162.08 410.40 Td (estimates ) Tj ET Q q 0 0 0 rg BT 193.64 410.40 Td (is ) Tj ET Q q 0 0 0 rg BT 200.76 410.40 Td (a ) Tj ET Q q 0 0 0 rg BT 206.10 410.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 228.33 410.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 270.55 410.40 Td (char) Tj ET Q q 0 0 0 rg BT 284.17 410.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 293.51 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 301.96 410.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 349.96 410.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.97 410.40 Td (20.7 ) Tj ET Q q 0 0 0 rg BT 381.76 410.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.87 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 406.66 410.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 436.43 410.40 Td (during ) Tj ET Q q 0 0 0 rg BT 459.11 410.40 Td (2012, ) Tj ET Q q 0 0 0 rg BT 478.90 410.40 Td (or ) Tj ET Q q 0 0 0 rg BT 487.35 410.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.37 410.40 Td (0.27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.37 410.40 Td ( ) Tj ET Q q 0 0 0 rg BT 519.16 410.40 Td (and ) Tj ET Q q 0 0 0 rg BT 532.50 410.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.51 410.40 Td (0.27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.51 410.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (per ) Tj ET Q q 0 0 0 rg BT 61.71 400.80 Td (basic ) Tj ET Q q 0 0 0 rg BT 80.15 400.80 Td (common ) Tj ET Q q 0 0 0 rg BT 110.15 400.80 Td (share ) Tj ET Q q 0 0 0 rg BT 129.03 400.80 Td (and ) Tj ET Q q 0 0 0 rg BT 142.58 400.80 Td (diluted ) Tj ET Q q 0 0 0 rg BT 166.80 400.80 Td (common ) Tj ET Q q 0 0 0 rg BT 196.79 400.80 Td (share.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 385.20 Td (As ) Tj ET Q q 0 0 0 rg BT 60.94 385.20 Td (of ) Tj ET Q q 0 0 0 rg BT 70.15 385.20 Td (January ) Tj ET Q q 0 0 0 rg BT 97.58 385.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 106.13 385.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 126.68 385.20 Td (we ) Tj ET Q q 0 0 0 rg BT 138.56 385.20 Td (amortize ) Tj ET Q q 0 0 0 rg BT 169.09 385.20 Td (our ) Tj ET Q q 0 0 0 rg BT 182.31 385.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 215.51 385.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 243.38 385.20 Td (on ) Tj ET Q q 0 0 0 rg BT 253.93 385.20 Td (a ) Tj ET Q q 0 0 0 rg BT 260.04 385.20 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 301.24 385.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 319.79 385.20 Td (over ) Tj ET Q q 0 0 0 rg BT 336.56 385.20 Td (the ) Tj ET Q q 0 0 0 rg BT 348.88 385.20 Td (contractual ) Tj ET Q q 0 0 0 rg BT 386.96 385.20 Td (life ) Tj ET Q q 0 0 0 rg BT 400.17 385.20 Td (of ) Tj ET Q q 0 0 0 rg BT 409.39 385.20 Td (the ) Tj ET Q q 0 0 0 rg BT 421.71 385.20 Td (license, ) Tj ET Q q 0 0 0 rg BT 448.47 385.20 Td (which ) Tj ET Q q 0 0 0 rg BT 470.57 385.20 Td (is ) Tj ET Q q 0 0 0 rg BT 478.46 385.20 Td (generally: ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.99 385.20 Td (twelve ) Tj ET Q q 0 0 0 rg BT 536.87 385.20 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.75 385.20 Td ( ) Tj ET Q q 0 0 0 rg BT 556.29 385.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 375.60 Td (Bulgaria, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.68 375.60 Td (thirteen ) Tj ET Q q 0 0 0 rg BT 106.75 375.60 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 123.63 375.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.26 375.60 Td (in ) Tj ET Q q 0 0 0 rg BT 133.11 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.52 375.60 Td (Czech ) Tj ET Q q 0 0 0 rg BT 166.14 375.60 Td (Republic, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.66 375.60 Td (three ) Tj ET Q q 0 0 0 rg BT 216.28 375.60 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.16 375.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.79 375.60 Td (in ) Tj ET Q q 0 0 0 rg BT 242.64 375.60 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 275.16 375.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.34 375.60 Td (eight ) Tj ET Q q 0 0 0 rg BT 305.97 375.60 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.85 375.60 Td ( ) Tj ET Q q 0 0 0 rg BT 324.48 375.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.34 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.75 375.60 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 367.60 375.60 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 400.00 375.60 Td (The ) Tj ET Q q 0 0 0 rg BT 414.07 375.60 Td (license ) Tj ET Q q 0 0 0 rg BT 437.91 375.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.77 375.60 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 470.95 375.60 Td (was ) Tj ET Q q 0 0 0 rg BT 485.02 375.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 520.43 375.60 Td (written ) Tj ET Q q 0 0 0 rg BT 544.72 375.60 Td (down ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 366.00 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 366.00 Td (a ) Tj ET Q q 0 0 0 rg BT 63.27 366.00 Td (nominal ) Tj ET Q q 0 0 0 rg BT 91.49 366.00 Td (value; ) Tj ET Q q 0 0 0 rg BT 113.04 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 124.81 366.00 Td (license ) Tj ET Q q 0 0 0 rg BT 149.02 366.00 Td (in ) Tj ET Q q 0 0 0 rg BT 157.25 366.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 187.24 366.00 Td (was ) Tj ET Q q 0 0 0 rg BT 201.68 366.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 218.79 366.00 Td (impaired ) Tj ET Q q 0 0 0 rg BT 249.23 366.00 Td (in ) Tj ET Q q 0 0 0 rg BT 257.45 366.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 275.45 366.00 Td (as ) Tj ET Q q 0 0 0 rg BT 284.11 366.00 Td (described ) Tj ET Q q 0 0 0 rg BT 316.77 366.00 Td (below) Tj ET Q q 0 0 0 rg BT 335.80 366.00 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 350.40 Td (Customer ) Tj ET Q q 0 0 0 rg BT 82.37 350.40 Td (relationships ) Tj ET Q q 0 0 0 rg BT 125.01 350.40 Td (are ) Tj ET Q q 0 0 0 rg BT 136.53 350.40 Td (deemed ) Tj ET Q q 0 0 0 rg BT 163.16 350.40 Td (to ) Tj ET Q q 0 0 0 rg BT 171.14 350.40 Td (have ) Tj ET Q q 0 0 0 rg BT 188.00 350.40 Td (an ) Tj ET Q q 0 0 0 rg BT 197.31 350.40 Td (economic ) Tj ET Q q 0 0 0 rg BT 230.17 350.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 251.48 350.40 Td (life ) Tj ET Q q 0 0 0 rg BT 263.89 350.40 Td (of, ) Tj ET Q q 0 0 0 rg BT 274.32 350.40 Td (and ) Tj ET Q q 0 0 0 rg BT 287.63 350.40 Td (are ) Tj ET Q q 0 0 0 rg BT 299.15 350.40 Td (amortized ) Tj ET Q q 0 0 0 rg BT 332.89 350.40 Td (on ) Tj ET Q q 0 0 0 rg BT 342.65 350.40 Td (a ) Tj ET Q q 0 0 0 rg BT 347.96 350.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 388.37 350.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 406.13 350.40 Td (over) Tj ET Q q 0 0 0 rg BT 420.02 350.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.78 350.40 Td (five ) Tj ET Q q 0 0 0 rg BT 437.98 350.40 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.86 350.40 Td ( ) Tj ET Q q 0 0 0 rg BT 456.61 350.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.59 350.40 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 487.23 350.40 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.11 350.40 Td (. ) Tj ET Q q 0 0 0 rg BT 507.74 350.40 Td (T) Tj ET Q q 0 0 0 rg BT 512.34 350.40 Td (rademarks ) Tj ET Q q 0 0 0 rg BT 547.42 350.40 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 340.80 Td (an ) Tj ET Q q 0 0 0 rg BT 59.05 340.80 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 91.71 340.80 Td (life.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 325.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 325.20 Td (gross ) Tj ET Q q 0 0 0 rg BT 82.83 325.20 Td (value ) Tj ET Q q 0 0 0 rg BT 102.15 325.20 Td (and ) Tj ET Q q 0 0 0 rg BT 115.70 325.20 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 158.13 325.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 200.55 325.20 Td (of ) Tj ET Q q 0 0 0 rg BT 209.22 325.20 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 241.87 325.20 Td (licenses ) Tj ET Q q 0 0 0 rg BT 269.20 325.20 Td (and ) Tj ET Q q 0 0 0 rg BT 282.75 325.20 Td (other ) Tj ET Q q 0 0 0 rg BT 301.18 325.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 335.18 325.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.84 325.20 Td (was ) Tj ET Q q 0 0 0 rg BT 370.28 325.20 Td (as ) Tj ET Q q 0 0 0 rg BT 378.95 325.20 Td (follows ) Tj ET Q q 0 0 0 rg BT 404.95 325.20 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.72 325.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 459.59 325.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.59 325.20 Td ( ) Tj ET Q q 0 0 0 rg BT 477.59 325.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.14 325.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 538.00 325.20 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.00 325.20 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 299.70 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 299.70 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 299.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 299.70 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 269.70 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 269.70 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 269.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 269.70 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 239.70 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 239.70 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 239.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 239.70 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 299.70000000000005 m 468 299.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 299.70000000000005 m 562 299.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 269.70000000000005 m 468 269.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 269.70000000000005 m 562 269.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 239.70000000000005 m 468 239.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 225.70000000000005 m 468 225.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 223.70000000000005 m 468 223.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 239.70000000000005 m 562 239.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 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Tf ET q 0 0 0 rg BT 530.10 273.95 Td (\(194,003) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 273.95 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 258.93 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 258.93 Td (book ) Tj ET Q q 0 0 0 rg BT 85.39 258.93 Td (value ) Tj ET Q q 0 0 0 rg BT 105.61 258.93 Td (of ) Tj ET Q q 0 0 0 rg BT 114.28 258.93 Td (amortized ) Tj ET Q q 0 0 0 rg BT 150.93 258.93 Td (intangible ) Tj ET Q q 0 0 0 rg BT 187.16 258.93 Td (assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.80 258.93 Td (113,318) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 258.93 Td (163,180) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 243.95 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 104.26 243.95 Td (trademarks) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 243.95 Td (112,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 243.95 Td (121,761) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 228.93 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 228.93 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (55) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.01 723.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 96.73 723.50 Td (amortization ) Tj ET Q q 0 0 0 rg BT 139.23 723.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 167.07 723.50 Td (for ) Tj ET Q q 0 0 0 rg BT 178.46 723.50 Td (our ) Tj ET Q q 0 0 0 rg BT 191.20 723.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 225.26 723.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 245.99 723.50 Td (with ) Tj ET Q q 0 0 0 rg BT 262.28 723.50 Td (finite ) Tj ET Q q 0 0 0 rg BT 281.24 723.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 298.42 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 307.15 723.50 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.88 723.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 362.82 723.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.82 723.50 Td (, ) Tj ET Q q 0 0 0 rg BT 382.89 723.50 Td (which ) Tj ET Q q 0 0 0 rg BT 404.51 723.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 433.24 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 445.08 723.50 Td (change ) Tj ET Q q 0 0 0 rg BT 469.80 723.50 Td (in ) Tj ET Q q 0 0 0 rg 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504.50 637.40 57.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 686.65 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.00 686.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 686.65 Td (13,594) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 671.65 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 671.65 Td (13,450) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 656.65 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 656.65 Td (10,812) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 641.65 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 641.65 Td (10,576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 626.65 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.00 626.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 626.65 Td (10,240) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 604.30 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 92.83 604.30 Td (of ) Tj ET Q q 0 0 0 rg BT 101.49 604.30 Td (goodwill, ) Tj ET Q q 0 0 0 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360.85 525.70 Td (there ) Tj ET Q q 0 0 0 rg BT 378.48 525.70 Td (are ) Tj ET Q q 0 0 0 rg BT 389.88 525.70 Td (a ) Tj ET Q q 0 0 0 rg BT 395.08 525.70 Td (number ) Tj ET Q q 0 0 0 rg BT 421.16 525.70 Td (of ) Tj ET Q q 0 0 0 rg BT 429.46 525.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 452.87 525.70 Td (which ) Tj ET Q q 0 0 0 rg BT 474.06 525.70 Td (could ) Tj ET Q q 0 0 0 rg BT 493.48 525.70 Td (trigger ) Tj ET Q q 0 0 0 rg BT 516.44 525.70 Td (an ) Tj ET Q q 0 0 0 rg BT 525.63 525.70 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (review) Tj ET Q q 0 0 0 rg BT 70.75 516.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.75 516.10 Td (including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 501.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 501.10 Td (under) Tj ET Q q 0 0 0 rg BT 103.55 501.10 Td (-performance ) Tj ET Q q 0 0 0 rg BT 148.64 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.30 501.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 189.51 501.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 221.29 501.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.95 501.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 257.71 501.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 501.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 297.70 501.10 Td (results;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 486.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 486.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.27 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.49 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.26 486.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 159.25 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.91 486.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 202.35 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.02 486.10 Td (an ) Tj ET Q q 0 0 0 rg BT 220.57 486.10 Td (asset;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 471.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 471.10 Td (severe ) Tj ET Q q 0 0 0 rg BT 108.02 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.66 471.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 153.53 471.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 181.83 471.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.14 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.01 471.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 226.76 471.10 Td (price ) Tj ET Q q 0 0 0 rg BT 244.84 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.59 471.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 275.67 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.43 471.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.18 471.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 316.15 471.10 Td (A) Tj ET Q q 0 0 0 rg BT 321.48 471.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.58 471.10 Td (common ) Tj ET Q q 0 0 0 rg BT 353.66 471.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 372.64 471.10 Td (that ) Tj ET Q q 0 0 0 rg BT 386.73 471.10 Td (are ) Tj ET Q q 0 0 0 rg BT 398.58 471.10 Td (not ) Tj ET Q q 0 0 0 rg BT 410.90 471.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 449.42 471.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.73 471.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 481.59 471.10 Td (other ) Tj ET Q q 0 0 0 rg BT 500.12 471.10 Td (than ) Tj ET Q q 0 0 0 rg BT 515.98 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.84 471.10 Td (underlying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 461.50 Td (value ) Tj ET Q q 0 0 0 rg BT 104.82 461.50 Td (of ) Tj ET Q q 0 0 0 rg BT 113.49 461.50 Td (our ) Tj ET Q q 0 0 0 rg BT 126.15 461.50 Td (assets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 446.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 446.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 114.60 446.50 Td (market ) Tj ET Q q 0 0 0 rg BT 138.81 446.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 174.14 446.50 Td (or ) Tj ET Q q 0 0 0 rg BT 182.80 446.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 215.90 446.50 Td (trends; ) Tj ET Q q 0 0 0 rg BT 239.68 446.50 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 431.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 431.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 112.26 431.50 Td (events, ) Tj ET Q q 0 0 0 rg BT 136.58 431.50 Td (such ) Tj ET Q q 0 0 0 rg BT 153.12 431.50 Td (as ) Tj ET Q q 0 0 0 rg BT 161.67 431.50 Td (new ) Tj ET Q q 0 0 0 rg BT 176.88 431.50 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 214.09 431.50 Td (new ) Tj ET Q q 0 0 0 rg BT 229.30 431.50 Td (market ) Tj ET Q q 0 0 0 rg BT 253.39 431.50 Td (entrants, ) Tj ET Q q 0 0 0 rg BT 282.60 431.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 310.24 431.50 Td (in ) Tj ET Q q 0 0 0 rg BT 318.35 431.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 355.78 431.50 Td (or ) Tj ET Q q 0 0 0 rg BT 364.32 431.50 Td (adverse ) Tj ET Q q 0 0 0 rg BT 390.63 431.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 408.06 431.50 Td (judgments ) Tj ET Q q 0 0 0 rg BT 443.28 431.50 Td (that ) Tj ET Q q 0 0 0 rg BT 457.16 431.50 Td (we ) Tj ET Q q 0 0 0 rg BT 468.37 431.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 493.34 431.50 Td (could ) Tj ET Q q 0 0 0 rg BT 513.00 431.50 Td (have ) Tj ET Q q 0 0 0 rg BT 529.98 431.50 Td (a ) Tj ET Q q 0 0 0 rg BT 535.42 431.50 Td (negative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 421.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 109.27 421.90 Td (on ) Tj ET Q q 0 0 0 rg BT 119.27 421.90 Td (our ) Tj ET Q q 0 0 0 rg BT 131.93 421.90 Td (business.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 406.30 Td (In ) Tj ET Q q 0 0 0 rg BT 58.36 406.30 Td (testing ) Tj ET Q q 0 0 0 rg BT 81.88 406.30 Td (the ) Tj ET Q q 0 0 0 rg BT 93.84 406.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 124.48 406.30 Td (of ) Tj ET Q q 0 0 0 rg BT 133.34 406.30 Td (each ) Tj ET Q q 0 0 0 rg BT 150.18 406.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 181.70 406.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 198.33 406.30 Td (the ) Tj ET Q q 0 0 0 rg BT 210.30 406.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.59 406.30 Td (value ) Tj ET Q q 0 0 0 rg BT 243.11 406.30 Td (of ) Tj ET Q q 0 0 0 rg BT 251.96 406.30 Td (the ) Tj ET Q q 0 0 0 rg BT 263.93 406.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 295.44 406.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 310.08 406.30 Td (is ) Tj ET Q q 0 0 0 rg BT 317.61 406.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 351.34 406.30 Td (to ) Tj ET Q q 0 0 0 rg BT 359.75 406.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.71 406.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 400.56 406.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 426.75 406.30 Td (of ) Tj ET Q q 0 0 0 rg BT 435.60 406.30 Td (its ) Tj ET Q q 0 0 0 rg BT 445.35 406.30 Td (net ) Tj ET Q q 0 0 0 rg BT 457.32 406.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 480.17 406.30 Td (including ) Tj ET Q q 0 0 0 rg BT 512.58 406.30 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 545.22 406.30 Td (If ) Tj ET Q q 0 0 0 rg BT 552.74 406.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 396.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 62.69 396.70 Td (value ) Tj ET Q q 0 0 0 rg BT 82.10 396.70 Td (of ) Tj ET Q q 0 0 0 rg BT 90.85 396.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.71 396.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 134.12 396.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 148.65 396.70 Td (is ) Tj ET Q q 0 0 0 rg BT 156.07 396.70 Td (less ) Tj ET Q q 0 0 0 rg BT 170.16 396.70 Td (than ) Tj ET Q q 0 0 0 rg BT 186.02 396.70 Td (its ) Tj ET Q q 0 0 0 rg BT 195.66 396.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 224.40 396.70 Td (amount, ) Tj ET Q q 0 0 0 rg BT 252.48 396.70 Td (the ) Tj ET Q q 0 0 0 rg BT 264.34 396.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 277.53 396.70 Td (value ) Tj ET Q q 0 0 0 rg BT 296.94 396.70 Td (of ) Tj ET Q q 0 0 0 rg BT 305.69 396.70 Td (the ) Tj ET Q q 0 0 0 rg BT 317.55 396.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 348.96 396.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 363.49 396.70 Td (is ) Tj ET Q q 0 0 0 rg BT 370.91 396.70 Td (then ) Tj ET Q q 0 0 0 rg BT 386.77 396.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 419.51 396.70 Td (against ) Tj ET Q q 0 0 0 rg BT 444.25 396.70 Td (the ) Tj ET Q q 0 0 0 rg BT 456.11 396.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 469.30 396.70 Td (value ) Tj ET Q q 0 0 0 rg BT 488.71 396.70 Td (of ) Tj ET Q q 0 0 0 rg BT 497.46 396.70 Td (its ) Tj ET Q q 0 0 0 rg BT 507.11 396.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 543.85 396.70 Td (assets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.50 387.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 97.72 387.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 131.72 387.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 164.61 387.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.28 387.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 202.38 387.10 Td (an ) Tj ET Q q 0 0 0 rg BT 212.38 387.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 239.27 387.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 252.82 387.10 Td (value ) Tj ET Q q 0 0 0 rg BT 272.60 387.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.71 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.93 387.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 325.70 387.10 Td (unit's ) Tj ET Q q 0 0 0 rg BT 345.15 387.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 377.87 387.10 Td (The ) Tj ET Q q 0 0 0 rg BT 392.75 387.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.30 387.10 Td (value ) Tj ET Q q 0 0 0 rg BT 426.08 387.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.19 387.10 Td (each ) Tj ET Q q 0 0 0 rg BT 452.29 387.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 484.06 387.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 498.95 387.10 Td (is ) Tj ET Q q 0 0 0 rg BT 506.74 387.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 545.17 387.10 Td (using ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 377.50 Td (discounted ) Tj ET Q q 0 0 0 rg BT 86.17 377.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 118.84 377.50 Td (future ) Tj ET Q q 0 0 0 rg BT 139.95 377.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.18 377.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 172.86 377.50 Td (models. ) Tj ET Q q 0 0 0 rg BT 199.98 377.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.43 377.50 Td (expectations ) Tj ET Q q 0 0 0 rg BT 256.43 377.50 Td (of ) Tj ET Q q 0 0 0 rg BT 265.10 377.50 Td (these ) Tj ET Q q 0 0 0 rg BT 283.55 377.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.78 377.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 319.57 377.50 Td (are ) Tj ET Q q 0 0 0 rg BT 331.34 377.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 366.23 377.50 Td (during ) Tj ET Q q 0 0 0 rg BT 389.13 377.50 Td (our ) Tj ET Q q 0 0 0 rg BT 401.80 377.50 Td (long- ) Tj ET Q q 0 0 0 rg BT 420.70 377.50 Td (and ) Tj ET Q q 0 0 0 rg BT 434.27 377.50 Td (short-range ) Tj ET Q q 0 0 0 rg BT 472.71 377.50 Td (business ) Tj ET Q q 0 0 0 rg BT 501.83 377.50 Td (planning ) Tj ET Q q 0 0 0 rg BT 531.84 377.50 Td (processes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 367.90 Td (and ) Tj ET Q q 0 0 0 rg BT 62.80 367.90 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 100.98 367.90 Td (several ) Tj ET Q q 0 0 0 rg BT 125.38 367.90 Td (variables, ) Tj ET Q q 0 0 0 rg BT 158.00 367.90 Td (including, ) Tj ET Q q 0 0 0 rg BT 191.97 367.90 Td (but ) Tj ET Q q 0 0 0 rg BT 203.95 367.90 Td (not ) Tj ET Q q 0 0 0 rg BT 215.92 367.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 240.33 367.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 250.30 367.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 286.71 367.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 302.68 367.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 322.21 367.90 Td (of ) Tj ET Q q 0 0 0 rg BT 330.62 367.90 Td (a ) Tj ET Q q 0 0 0 rg BT 335.92 367.90 Td (typical ) Tj ET Q q 0 0 0 rg BT 359.44 367.90 Td (market ) Tj ET Q q 0 0 0 rg BT 383.40 367.90 Td (participant, ) Tj ET Q q 0 0 0 rg BT 421.36 367.90 Td (future ) Tj ET Q q 0 0 0 rg BT 442.21 367.90 Td (market ) Tj ET Q q 0 0 0 rg BT 466.17 367.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 493.24 367.90 Td (and ) Tj ET Q q 0 0 0 rg BT 506.54 367.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 539.84 367.90 Td (growth ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 358.30 Td (projections, ) Tj ET Q q 0 0 0 rg BT 89.33 358.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 122.28 358.30 Td (market ) Tj ET Q q 0 0 0 rg BT 146.78 358.30 Td (share ) Tj ET Q q 0 0 0 rg BT 165.94 358.30 Td (for ) Tj ET Q q 0 0 0 rg BT 177.56 358.30 Td (the ) Tj ET Q q 0 0 0 rg BT 189.62 358.30 Td (typical ) Tj ET Q q 0 0 0 rg BT 213.67 358.30 Td (participant ) Tj ET Q q 0 0 0 rg BT 250.17 358.30 Td (and ) Tj ET Q q 0 0 0 rg BT 264.01 358.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 296.95 358.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 317.01 358.30 Td (mar) Tj ET Q q 0 0 0 rg BT 329.30 358.30 Td (gins ) Tj ET Q q 0 0 0 rg BT 344.93 358.30 Td (based ) Tj ET Q q 0 0 0 rg BT 365.43 358.30 Td (on ) Tj ET Q q 0 0 0 rg BT 375.71 358.30 Td (market ) Tj ET Q q 0 0 0 rg BT 400.21 358.30 Td (size ) Tj ET Q q 0 0 0 rg BT 414.94 358.30 Td (and ) Tj ET Q q 0 0 0 rg BT 428.78 358.30 Td (operation ) Tj ET Q q 0 0 0 rg BT 461.27 358.30 Td (type. ) Tj ET Q q 0 0 0 rg BT 479.17 358.30 Td (The ) Tj ET Q q 0 0 0 rg BT 493.89 358.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 510.40 358.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 527.35 358.30 Td (model ) Tj ET Q q 0 0 0 rg BT 549.63 358.30 Td (also ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 348.70 Td (assumes ) Tj ET Q q 0 0 0 rg BT 77.78 348.70 Td (outlays ) Tj ET Q q 0 0 0 rg BT 102.50 348.70 Td (for ) Tj ET Q q 0 0 0 rg BT 113.44 348.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 136.37 348.70 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 180.85 348.70 Td (future ) Tj ET Q q 0 0 0 rg BT 201.57 348.70 Td (terminal ) Tj ET Q q 0 0 0 rg BT 229.83 348.70 Td (values, ) Tj ET Q q 0 0 0 rg BT 253.88 348.70 Td (an ) Tj ET Q q 0 0 0 rg BT 263.04 348.70 Td (ef) Tj ET Q q 0 0 0 rg BT 269.12 348.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 292.49 348.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.87 348.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 317.47 348.70 Td (assumption ) Tj ET Q q 0 0 0 rg BT 355.53 348.70 Td (and ) Tj ET Q q 0 0 0 rg BT 368.69 348.70 Td (a ) Tj ET Q q 0 0 0 rg BT 373.85 348.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 402.57 348.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 416.17 348.70 Td (based ) Tj ET Q q 0 0 0 rg BT 436.00 348.70 Td (on ) Tj ET Q q 0 0 0 rg BT 445.61 348.70 Td (a ) Tj ET Q q 0 0 0 rg BT 450.77 348.70 Td (number ) Tj ET Q q 0 0 0 rg BT 476.82 348.70 Td (of ) Tj ET Q q 0 0 0 rg BT 485.10 348.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 508.47 348.70 Td (including ) Tj ET Q q 0 0 0 rg BT 540.30 348.70 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.05 339.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 94.15 339.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.70 339.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 131.02 339.10 Td (average ) Tj ET Q q 0 0 0 rg BT 157.89 339.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 172.78 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.44 339.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.76 339.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 232.54 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.20 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.97 339.10 Td (media ) Tj ET Q q 0 0 0 rg BT 274.52 339.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 302.74 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.29 339.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 344.95 339.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 385.17 339.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.50 339.10 Td (market ) Tj ET Q q 0 0 0 rg BT 420.71 339.10 Td (risk.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 323.50 Td (An ) Tj ET Q q 0 0 0 rg BT 61.19 323.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 99.98 323.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 114.34 323.50 Td (is ) Tj ET Q q 0 0 0 rg BT 121.59 323.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 158.59 323.50 Td (for ) Tj ET Q q 0 0 0 rg BT 169.83 323.50 Td (any ) Tj ET Q q 0 0 0 rg BT 183.29 323.50 Td (excess ) Tj ET Q q 0 0 0 rg BT 206.09 323.50 Td (of ) Tj ET Q q 0 0 0 rg BT 214.66 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 226.35 323.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 254.91 323.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.82 323.50 Td (of ) Tj ET Q q 0 0 0 rg BT 289.40 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 301.08 323.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 332.32 323.50 Td (unit's ) Tj ET Q q 0 0 0 rg BT 351.23 323.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 381.59 323.50 Td (over ) Tj ET Q q 0 0 0 rg BT 397.71 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 409.40 323.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 435.75 323.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 448.77 323.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 470.00 323.50 Td (If ) Tj ET Q q 0 0 0 rg BT 477.24 323.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 507.60 323.50 Td (and ) Tj ET Q q 0 0 0 rg BT 521.06 323.50 Td (another ) Tj ET Q q 0 0 0 rg BT 546.96 323.50 Td (asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 313.90 Td (or ) Tj ET Q q 0 0 0 rg BT 58.13 313.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 75.66 313.90 Td (group ) Tj ET Q q 0 0 0 rg BT 96.29 313.90 Td (are ) Tj ET Q q 0 0 0 rg BT 108.03 313.90 Td (tested ) Tj ET Q q 0 0 0 rg BT 128.66 313.90 Td (for ) Tj ET Q q 0 0 0 rg BT 139.96 313.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 178.81 313.90 Td (at ) Tj ET Q q 0 0 0 rg BT 186.55 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 198.29 313.90 Td (same ) Tj ET Q q 0 0 0 rg BT 216.70 313.90 Td (time, ) Tj ET Q q 0 0 0 rg BT 234.89 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 246.64 313.90 Td (other ) Tj ET Q q 0 0 0 rg BT 265.04 313.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.68 313.90 Td (are ) Tj ET Q q 0 0 0 rg BT 297.42 313.90 Td (tested ) Tj ET Q q 0 0 0 rg BT 318.05 313.90 Td (for ) Tj ET Q q 0 0 0 rg BT 329.35 313.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 368.20 313.90 Td (before ) Tj ET Q q 0 0 0 rg BT 390.60 313.90 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 423.01 313.90 Td (If ) Tj ET Q q 0 0 0 rg BT 430.31 313.90 Td (the ) Tj ET Q q 0 0 0 rg BT 442.05 313.90 Td (other ) Tj ET Q q 0 0 0 rg BT 460.46 313.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 477.98 313.90 Td (or ) Tj ET Q q 0 0 0 rg BT 486.62 313.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 504.14 313.90 Td (group ) Tj ET Q q 0 0 0 rg BT 524.78 313.90 Td (is ) Tj ET Q q 0 0 0 rg BT 532.08 313.90 Td (impaired, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 304.30 Td (this ) Tj ET Q q 0 0 0 rg BT 63.06 304.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 101.94 304.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 116.39 304.30 Td (is ) Tj ET Q q 0 0 0 rg BT 123.72 304.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 160.81 304.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 178.36 304.30 Td (to ) Tj ET Q q 0 0 0 rg BT 186.59 304.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 217.03 304.30 Td (being ) Tj ET Q q 0 0 0 rg BT 236.80 304.30 Td (tested ) Tj ET Q q 0 0 0 rg BT 257.46 304.30 Td (for ) Tj ET Q q 0 0 0 rg BT 268.79 304.30 Td (impairment.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 288.70 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 101.17 288.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 135.07 288.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 155.64 288.70 Td (are ) Tj ET Q q 0 0 0 rg BT 167.32 288.70 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 199.87 288.70 Td (for ) Tj ET Q q 0 0 0 rg BT 211.11 288.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 249.90 288.70 Td (by ) Tj ET Q q 0 0 0 rg BT 259.81 288.70 Td (comparing ) Tj ET Q q 0 0 0 rg BT 295.93 288.70 Td (the ) Tj ET Q q 0 0 0 rg BT 307.61 288.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 320.62 288.70 Td (value ) Tj ET Q q 0 0 0 rg BT 339.86 288.70 Td (of ) Tj ET Q q 0 0 0 rg BT 348.43 288.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.11 288.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 377.57 288.70 Td (to ) Tj ET Q q 0 0 0 rg BT 385.70 288.70 Td (its ) Tj ET Q q 0 0 0 rg BT 395.17 288.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 423.73 288.70 Td (amount. ) Tj ET Q q 0 0 0 rg BT 451.22 288.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 466.90 288.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 489.69 288.70 Td (of ) Tj ET Q q 0 0 0 rg BT 498.26 288.70 Td (the ) Tj ET Q q 0 0 0 rg BT 509.95 288.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 538.51 288.70 Td (amount ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (over ) Tj ET Q q 0 0 0 rg BT 65.71 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.49 279.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 90.59 279.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.91 279.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.25 279.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 154.34 279.10 Td (as ) Tj ET Q q 0 0 0 rg BT 163.00 279.10 Td (an ) Tj ET Q q 0 0 0 rg BT 172.55 279.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 211.43 279.10 Td (char) Tj ET Q q 0 0 0 rg BT 225.05 279.10 Td (ge.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 263.50 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 98.40 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 106.86 263.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.33 263.50 Td (to ) Tj ET Q q 0 0 0 rg BT 135.36 263.50 Td (be ) Tj ET Q q 0 0 0 rg BT 144.71 263.50 Td (held ) Tj ET Q q 0 0 0 rg BT 160.29 263.50 Td (and ) Tj ET Q q 0 0 0 rg BT 173.64 263.50 Td (used ) Tj ET Q q 0 0 0 rg BT 190.11 263.50 Td (is ) Tj ET Q q 0 0 0 rg BT 197.24 263.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 229.70 263.50 Td (by ) Tj ET Q q 0 0 0 rg BT 239.50 263.50 Td (a ) Tj ET Q q 0 0 0 rg BT 244.86 263.50 Td (comparison ) Tj ET Q q 0 0 0 rg BT 283.98 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.45 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.03 263.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 332.48 263.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 358.28 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 366.75 263.50 Td (an ) Tj ET Q q 0 0 0 rg BT 376.10 263.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 393.45 263.50 Td (group ) Tj ET Q q 0 0 0 rg BT 413.92 263.50 Td (to ) Tj ET Q q 0 0 0 rg BT 421.95 263.50 Td (our ) Tj ET Q q 0 0 0 rg BT 434.41 263.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 462.87 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 471.34 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 482.91 263.50 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 527.38 263.50 Td (future ) Tj ET Q q 0 0 0 rg BT 548.28 263.50 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 253.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 68.95 253.90 Td (we ) Tj ET Q q 0 0 0 rg BT 79.96 253.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 102.50 253.90 Td (that ) Tj ET Q q 0 0 0 rg BT 116.18 253.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 133.40 253.90 Td (group ) Tj ET Q q 0 0 0 rg BT 153.74 253.90 Td (will ) Tj ET Q q 0 0 0 rg BT 167.86 253.90 Td (generate. ) Tj ET Q q 0 0 0 rg BT 198.63 253.90 Td (If ) Tj ET Q q 0 0 0 rg BT 205.63 253.90 Td (the ) Tj ET Q q 0 0 0 rg BT 217.08 253.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 245.40 253.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 271.07 253.90 Td (of ) Tj ET Q q 0 0 0 rg BT 279.41 253.90 Td (an ) Tj ET Q q 0 0 0 rg BT 288.64 253.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 305.86 253.90 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 332.86 253.90 Td (our ) Tj ET Q q 0 0 0 rg BT 345.19 253.90 Td (estimate ) Tj ET Q q 0 0 0 rg BT 373.53 253.90 Td (of ) Tj ET Q q 0 0 0 rg BT 381.86 253.90 Td (its ) Tj ET Q q 0 0 0 rg BT 391.10 253.90 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 435.43 253.90 Td (future ) Tj ET Q q 0 0 0 rg BT 456.21 253.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 472.10 253.90 Td (flows, ) Tj ET Q q 0 0 0 rg BT 493.55 253.90 Td (an ) Tj ET Q q 0 0 0 rg BT 502.78 253.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 541.33 253.90 Td (char) Tj ET Q q 0 0 0 rg BT 554.95 253.90 Td (ge ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 244.30 Td (is ) Tj ET Q q 0 0 0 rg BT 56.84 244.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 93.93 244.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 113.25 244.30 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.25 244.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 159.24 244.30 Td (by ) Tj ET Q q 0 0 0 rg BT 169.24 244.30 Td (which ) Tj ET Q q 0 0 0 rg BT 190.79 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.57 244.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 231.22 244.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 257.21 244.30 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 284.53 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 296.30 244.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.41 244.30 Td (value ) Tj ET Q q 0 0 0 rg BT 328.73 244.30 Td (of ) Tj ET Q q 0 0 0 rg BT 337.39 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 349.17 244.30 Td (respective ) Tj ET Q q 0 0 0 rg BT 383.59 244.30 Td (asset.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 228.70 Td (Assessing ) Tj ET Q q 0 0 0 rg BT 83.68 228.70 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 116.30 228.70 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 167.79 228.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 201.96 228.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 222.80 228.70 Td (and ) Tj ET Q q 0 0 0 rg BT 236.53 228.70 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 271.59 228.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 292.43 228.70 Td (for ) Tj ET Q q 0 0 0 rg BT 303.93 228.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 342.98 228.70 Td (is ) Tj ET Q q 0 0 0 rg BT 350.50 228.70 Td (a ) Tj ET Q q 0 0 0 rg BT 356.22 228.70 Td (complex ) Tj ET Q q 0 0 0 rg BT 385.95 228.70 Td (iterative ) Tj ET Q q 0 0 0 rg BT 414.33 228.70 Td (process ) Tj ET Q q 0 0 0 rg BT 440.50 228.70 Td (that ) Tj ET Q q 0 0 0 rg BT 454.67 228.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 482.61 228.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 518.55 228.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 550.95 228.70 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 219.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 78.37 219.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.68 219.10 Td (great ) Tj ET Q q 0 0 0 rg BT 101.42 219.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 116.50 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.93 219.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 152.00 219.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 191.53 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.84 219.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 240.36 219.10 Td (business-specific ) Tj ET Q q 0 0 0 rg BT 296.77 219.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 324.30 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.61 219.10 Td (many ) Tj ET Q q 0 0 0 rg BT 357.14 219.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 391.34 219.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 432.66 219.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.96 219.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 483.71 219.10 Td (with ) Tj ET Q q 0 0 0 rg BT 499.69 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.22 219.10 Td (passage ) Tj ET Q q 0 0 0 rg BT 537.86 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 546.28 219.10 Td (time. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 209.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.10 209.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 92.92 209.50 Td (of ) Tj ET Q q 0 0 0 rg BT 101.74 209.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.68 209.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.05 209.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 149.99 209.50 Td (our ) Tj ET Q q 0 0 0 rg BT 162.81 209.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 198.30 209.50 Td (will ) Tj ET Q q 0 0 0 rg BT 212.90 209.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 242.15 209.50 Td (in ) Tj ET Q q 0 0 0 rg BT 250.54 209.50 Td (future ) Tj ET Q q 0 0 0 rg BT 271.80 209.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.51 209.50 Td (forms ) Tj ET Q q 0 0 0 rg BT 318.33 209.50 Td (the ) Tj ET Q q 0 0 0 rg BT 330.27 209.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 348.43 209.50 Td (for ) Tj ET Q q 0 0 0 rg BT 359.91 209.50 Td (most ) Tj ET Q q 0 0 0 rg BT 377.63 209.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.46 209.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.39 209.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 434.32 209.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 476.04 209.50 Td (inherent ) Tj ET Q q 0 0 0 rg BT 504.41 209.50 Td (in ) Tj ET Q q 0 0 0 rg BT 512.79 209.50 Td (our ) Tj ET Q q 0 0 0 rg BT 525.62 209.50 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 199.90 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 78.83 199.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.73 199.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 136.17 199.90 Td (of ) Tj ET Q q 0 0 0 rg BT 145.29 199.90 Td (these ) Tj ET Q q 0 0 0 rg BT 164.19 199.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.86 199.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 201.09 199.90 Td (are ) Tj ET Q q 0 0 0 rg BT 213.31 199.90 Td (developed ) Tj ET Q q 0 0 0 rg BT 248.64 199.90 Td (during ) Tj ET Q q 0 0 0 rg BT 271.99 199.90 Td (our ) Tj ET Q q 0 0 0 rg BT 285.11 199.90 Td (long- ) Tj ET Q q 0 0 0 rg BT 304.45 199.90 Td (and ) Tj ET Q q 0 0 0 rg BT 318.46 199.90 Td (short-range ) Tj ET Q q 0 0 0 rg BT 357.34 199.90 Td (business ) Tj ET Q q 0 0 0 rg BT 386.91 199.90 Td (planning ) Tj ET Q q 0 0 0 rg BT 417.36 199.90 Td (processes, ) Tj ET Q q 0 0 0 rg BT 452.48 199.90 Td (which ) Tj ET Q q 0 0 0 rg BT 474.48 199.90 Td (are ) Tj ET Q q 0 0 0 rg BT 486.70 199.90 Td (designed ) Tj ET Q q 0 0 0 rg BT 517.60 199.90 Td (to ) Tj ET Q q 0 0 0 rg BT 526.28 199.90 Td (address ) Tj ET Q q 0 0 0 rg BT 552.72 199.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 190.30 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 92.42 190.30 Td (inherent ) Tj ET Q q 0 0 0 rg BT 120.67 190.30 Td (in ) Tj ET Q q 0 0 0 rg BT 128.94 190.30 Td (the ) Tj ET Q q 0 0 0 rg BT 140.75 190.30 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 178.34 190.30 Td (process ) Tj ET Q q 0 0 0 rg BT 204.37 190.30 Td (by ) Tj ET Q q 0 0 0 rg BT 214.42 190.30 Td (capturing ) Tj ET Q q 0 0 0 rg BT 246.67 190.30 Td (a ) Tj ET Q q 0 0 0 rg BT 252.27 190.30 Td (range ) Tj ET Q q 0 0 0 rg BT 272.08 190.30 Td (of ) Tj ET Q q 0 0 0 rg BT 280.78 190.30 Td (possible ) Tj ET Q q 0 0 0 rg BT 309.05 190.30 Td (views ) Tj ET Q q 0 0 0 rg BT 329.76 190.30 Td (about ) Tj ET Q q 0 0 0 rg BT 349.58 190.30 Td (key ) Tj ET Q q 0 0 0 rg BT 363.17 190.30 Td (trends ) Tj ET Q q 0 0 0 rg BT 384.77 190.30 Td (which ) Tj ET Q q 0 0 0 rg BT 406.36 190.30 Td (govern ) Tj ET Q q 0 0 0 rg BT 430.62 190.30 Td (future ) Tj ET Q q 0 0 0 rg BT 451.76 190.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 468.02 190.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 484.73 190.30 Td (growth. ) Tj ET Q q 0 0 0 rg BT 511.44 190.30 Td (Historically) Tj ET Q q 0 0 0 rg BT 548.69 190.30 Td (, ) Tj ET Q q 0 0 0 rg BT 552.73 190.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 180.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 73.67 180.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.85 180.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 106.48 180.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 131.10 180.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 148.17 180.70 Td (achieved ) Tj ET Q q 0 0 0 rg BT 178.55 180.70 Td (by ) Tj ET Q q 0 0 0 rg BT 188.51 180.70 Td (our ) Tj ET Q q 0 0 0 rg BT 201.14 180.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 236.43 180.70 Td (have ) Tj ET Q q 0 0 0 rg BT 253.49 180.70 Td (not ) Tj ET Q q 0 0 0 rg BT 265.67 180.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 296.07 180.70 Td (a ) Tj ET Q q 0 0 0 rg BT 301.59 180.70 Td (good ) Tj ET Q q 0 0 0 rg BT 319.55 180.70 Td (indication ) Tj ET Q q 0 0 0 rg BT 353.50 180.70 Td (of ) Tj ET Q q 0 0 0 rg BT 362.13 180.70 Td (future ) Tj ET Q q 0 0 0 rg BT 383.19 180.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.37 180.70 Td (flows. ) Tj ET Q q 0 0 0 rg BT 420.97 180.70 Td (This ) Tj ET Q q 0 0 0 rg BT 437.15 180.70 Td (is ) Tj ET Q q 0 0 0 rg BT 444.45 180.70 Td (lar) Tj ET Q q 0 0 0 rg BT 452.74 180.70 Td (gely ) Tj ET Q q 0 0 0 rg BT 468.48 180.70 Td (because ) Tj ET Q q 0 0 0 rg BT 495.76 180.70 Td (the ) Tj ET Q q 0 0 0 rg BT 507.49 180.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 534.78 180.70 Td (in ) Tj ET Q q 0 0 0 rg BT 542.96 180.70 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 171.10 Td (we ) Tj ET Q q 0 0 0 rg BT 60.43 171.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 85.56 171.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.93 171.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 128.73 171.10 Td (new ) Tj ET Q q 0 0 0 rg BT 143.66 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.81 171.10 Td (have ) Tj ET Q q 0 0 0 rg BT 173.51 171.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 213.75 171.10 Td (high ) Tj ET Q q 0 0 0 rg BT 229.57 171.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 249.83 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.09 171.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 282.36 171.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.62 171.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 327.76 171.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 354.69 171.10 Td (became ) Tj ET Q q 0 0 0 rg BT 380.71 171.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 404.97 171.10 Td (established. ) Tj ET Q q 0 0 0 rg BT 444.12 171.10 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 470.82 171.10 Td (we ) Tj ET Q q 0 0 0 rg BT 481.74 171.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.44 171.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 528.92 171.10 Td (over ) Tj ET Q q 0 0 0 rg BT 544.73 171.10 Td (many ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 161.50 Td (years ) Tj ET Q q 0 0 0 rg BT 68.52 161.50 Td (a ) Tj ET Q q 0 0 0 rg BT 74.21 161.50 Td (strong ) Tj ET Q q 0 0 0 rg BT 96.35 161.50 Td (positive ) Tj ET Q q 0 0 0 rg BT 123.82 161.50 Td (correlation ) Tj ET Q q 0 0 0 rg BT 160.60 161.50 Td (between ) Tj ET Q q 0 0 0 rg BT 189.39 161.50 Td (the ) Tj ET Q q 0 0 0 rg BT 201.31 161.50 Td (macro ) Tj ET Q q 0 0 0 rg BT 223.43 161.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 256.67 161.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 299.23 161.50 Td (of ) Tj ET Q q 0 0 0 rg BT 308.03 161.50 Td (our ) Tj ET Q q 0 0 0 rg BT 320.83 161.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 348.29 161.50 Td (and ) Tj ET Q q 0 0 0 rg BT 361.98 161.50 Td (the ) Tj ET Q q 0 0 0 rg BT 373.90 161.50 Td (size ) Tj ET Q q 0 0 0 rg BT 388.47 161.50 Td (of ) Tj ET Q q 0 0 0 rg BT 397.28 161.50 Td (the ) Tj ET Q q 0 0 0 rg BT 409.19 161.50 Td (television ) Tj ET Q q 0 0 0 rg BT 442.43 161.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 480.12 161.50 Td (market ) Tj ET Q q 0 0 0 rg BT 504.47 161.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.16 161.50 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 552.73 161.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 151.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 65.74 151.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 85.54 151.90 Td (we ) Tj ET Q q 0 0 0 rg BT 96.88 151.90 Td (generate. ) Tj ET Q q 0 0 0 rg BT 127.85 151.90 Td (W) Tj ET Q q 0 0 0 rg BT 135.08 151.90 Td (ith ) Tj ET Q q 0 0 0 rg BT 145.55 151.90 Td (this ) Tj ET Q q 0 0 0 rg BT 159.13 151.90 Td (in ) Tj ET Q q 0 0 0 rg BT 167.37 151.90 Td (mind, ) Tj ET Q q 0 0 0 rg BT 187.84 151.90 Td (we ) Tj ET Q q 0 0 0 rg BT 199.19 151.90 Td (have ) Tj ET Q q 0 0 0 rg BT 216.31 151.90 Td (placed ) Tj ET Q q 0 0 0 rg BT 239.21 151.90 Td (a ) Tj ET Q q 0 0 0 rg BT 244.78 151.90 Td (high ) Tj ET Q q 0 0 0 rg BT 261.02 151.90 Td (importance ) Tj ET Q q 0 0 0 rg BT 299.03 151.90 Td (on ) Tj ET Q q 0 0 0 rg BT 309.05 151.90 Td (developing ) Tj ET Q q 0 0 0 rg BT 346.62 151.90 Td (our ) Tj ET Q q 0 0 0 rg BT 359.31 151.90 Td (expectations ) Tj ET Q q 0 0 0 rg BT 401.31 151.90 Td (for ) Tj ET Q q 0 0 0 rg BT 412.66 151.90 Td (the ) Tj ET Q q 0 0 0 rg BT 424.46 151.90 Td (future ) Tj ET Q q 0 0 0 rg BT 445.58 151.90 Td (development ) Tj ET Q q 0 0 0 rg BT 488.92 151.90 Td (of ) Tj ET Q q 0 0 0 rg BT 497.61 151.90 Td (the ) Tj ET Q q 0 0 0 rg BT 509.40 151.90 Td (macro ) Tj ET Q q 0 0 0 rg BT 531.41 151.90 Td (economic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 142.30 Td (environment ) Tj ET Q q 0 0 0 rg BT 91.50 142.30 Td (in ) Tj ET Q q 0 0 0 rg BT 99.28 142.30 Td (general, ) Tj ET Q q 0 0 0 rg BT 126.38 142.30 Td (the ) Tj ET Q q 0 0 0 rg BT 137.72 142.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 174.83 142.30 Td (market ) Tj ET Q q 0 0 0 rg BT 198.60 142.30 Td (and ) Tj ET Q q 0 0 0 rg BT 211.71 142.30 Td (our ) Tj ET Q q 0 0 0 rg BT 223.94 142.30 Td (share ) Tj ET Q q 0 0 0 rg BT 242.38 142.30 Td (of ) Tj ET Q q 0 0 0 rg BT 250.61 142.30 Td (it ) Tj ET Q q 0 0 0 rg BT 256.62 142.30 Td (in ) Tj ET Q q 0 0 0 rg BT 264.40 142.30 Td (particular) Tj ET Q q 0 0 0 rg BT 294.61 142.30 Td (. ) Tj ET Q q 0 0 0 rg BT 298.06 142.30 Td (While ) Tj ET Q q 0 0 0 rg BT 319.17 142.30 Td (this ) Tj ET Q q 0 0 0 rg BT 332.29 142.30 Td (has ) Tj ET Q q 0 0 0 rg BT 344.52 142.30 Td (involved ) Tj ET Q q 0 0 0 rg BT 374.07 142.30 Td (an ) Tj ET Q q 0 0 0 rg BT 383.19 142.30 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 424.29 142.30 Td (of ) Tj ET Q q 0 0 0 rg BT 432.51 142.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 463.84 142.30 Td (trends, ) Tj ET Q q 0 0 0 rg BT 486.96 142.30 Td (we ) Tj ET Q q 0 0 0 rg BT 497.85 142.30 Td (have ) Tj ET Q q 0 0 0 rg BT 514.51 142.30 Td (placed ) Tj ET Q q 0 0 0 rg BT 536.95 142.30 Td (a ) Tj ET Q q 0 0 0 rg BT 542.06 142.30 Td (higher ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 132.70 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 81.84 132.70 Td (on ) Tj ET Q q 0 0 0 rg BT 92.41 132.70 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 130.52 132.70 Td (these ) Tj ET Q q 0 0 0 rg BT 149.53 132.70 Td (market ) Tj ET Q q 0 0 0 rg BT 174.31 132.70 Td (trends, ) Tj ET Q q 0 0 0 rg BT 198.43 132.70 Td (which ) Tj ET Q q 0 0 0 rg BT 220.55 132.70 Td (has ) Tj ET Q q 0 0 0 rg BT 233.79 132.70 Td (involved ) Tj ET Q q 0 0 0 rg BT 264.36 132.70 Td (detailed ) Tj ET Q q 0 0 0 rg BT 292.25 132.70 Td (review ) Tj ET Q q 0 0 0 rg BT 316.58 132.70 Td (of ) Tj ET Q q 0 0 0 rg BT 325.82 132.70 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 382.14 132.70 Td (data, ) Tj ET Q q 0 0 0 rg BT 400.03 132.70 Td (a ) Tj ET Q q 0 0 0 rg BT 406.15 132.70 Td (range ) Tj ET Q q 0 0 0 rg BT 426.49 132.70 Td (of ) Tj ET Q q 0 0 0 rg BT 435.72 132.70 Td (both ) Tj ET Q q 0 0 0 rg BT 452.52 132.70 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 490.63 132.70 Td (and ) Tj ET Q q 0 0 0 rg BT 504.75 132.70 Td (publicly-available ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 123.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 81.27 123.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.60 123.10 Td (future ) Tj ET Q q 0 0 0 rg BT 113.70 123.10 Td (market ) Tj ET Q q 0 0 0 rg BT 137.91 123.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 183.23 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.78 123.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.33 123.10 Td (process ) Tj ET Q q 0 0 0 rg BT 228.32 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.99 123.10 Td (on-going ) Tj ET Q q 0 0 0 rg BT 267.88 123.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 308.98 123.10 Td (with ) Tj ET Q q 0 0 0 rg BT 325.20 123.10 Td (local ) Tj ET Q q 0 0 0 rg BT 342.75 123.10 Td (management.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 107.50 Td (Some ) Tj ET Q q 0 0 0 rg BT 70.18 107.50 Td (of ) Tj ET Q q 0 0 0 rg BT 79.30 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 91.53 107.50 Td (key ) Tj ET Q q 0 0 0 rg BT 105.54 107.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 147.55 107.50 Td (underpinning ) Tj ET Q q 0 0 0 rg BT 192.67 107.50 Td (these ) Tj ET Q q 0 0 0 rg BT 211.56 107.50 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 242.45 107.50 Td (include ) Tj ET Q q 0 0 0 rg BT 268.45 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.68 107.50 Td (size ) Tj ET Q q 0 0 0 rg BT 295.57 107.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.69 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 316.92 107.50 Td (absolute ) Tj ET Q q 0 0 0 rg BT 346.04 107.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 378.70 107.50 Td (in ) Tj ET Q q 0 0 0 rg BT 387.38 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.61 107.50 Td (television ) Tj ET Q q 0 0 0 rg BT 433.17 107.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 471.18 107.50 Td (market ) Tj ET Q q 0 0 0 rg BT 495.84 107.50 Td (during ) Tj ET Q q 0 0 0 rg BT 519.19 107.50 Td (the ) Tj ET Q q 0 0 0 rg BT 531.42 107.50 Td (economic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 97.90 Td (downturn, ) Tj ET Q q 0 0 0 rg BT 83.90 97.90 Td (the ) Tj ET Q q 0 0 0 rg BT 95.41 97.90 Td (point ) Tj ET Q q 0 0 0 rg BT 113.59 97.90 Td (at ) Tj ET Q q 0 0 0 rg BT 121.10 97.90 Td (which ) Tj ET Q q 0 0 0 rg BT 142.39 97.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 166.79 97.90 Td (will ) Tj ET Q q 0 0 0 rg BT 180.97 97.90 Td (resume ) Tj ET Q q 0 0 0 rg BT 205.81 97.90 Td (and ) Tj ET Q q 0 0 0 rg BT 219.10 97.90 Td (the ) Tj ET Q q 0 0 0 rg BT 230.61 97.90 Td (speed ) Tj ET Q q 0 0 0 rg BT 250.56 97.90 Td (with ) Tj ET Q q 0 0 0 rg BT 266.52 97.90 Td (which ) Tj ET Q q 0 0 0 rg BT 287.80 97.90 Td (historical ) Tj ET Q q 0 0 0 rg BT 319.31 97.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 339.71 97.90 Td (of ) Tj ET Q q 0 0 0 rg BT 348.11 97.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 375.17 97.90 Td (will ) Tj ET Q q 0 0 0 rg BT 389.35 97.90 Td (be ) Tj ET Q q 0 0 0 rg BT 398.63 97.90 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 430.80 97.90 Td (In ) Tj ET Q q 0 0 0 rg BT 439.20 97.90 Td (developing ) Tj ET Q q 0 0 0 rg BT 476.48 97.90 Td (our ) Tj ET Q q 0 0 0 rg BT 488.88 97.90 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 519.05 97.90 Td (of ) Tj ET Q q 0 0 0 rg BT 527.45 97.90 Td (future ) Tj ET Q q 0 0 0 rg BT 548.29 97.90 Td (cash ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 88.30 Td (flows, ) Tj ET Q q 0 0 0 rg BT 70.99 88.30 Td (we ) Tj ET Q q 0 0 0 rg BT 82.04 88.30 Td (take ) Tj ET Q q 0 0 0 rg BT 97.08 88.30 Td (into ) Tj ET Q q 0 0 0 rg BT 111.24 88.30 Td (account ) Tj ET Q q 0 0 0 rg BT 137.83 88.30 Td (available ) Tj ET Q q 0 0 0 rg BT 168.42 88.30 Td (external ) Tj ET Q q 0 0 0 rg BT 195.89 88.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 227.38 88.30 Td (in ) Tj ET Q q 0 0 0 rg BT 235.32 88.30 Td (addition ) Tj ET Q q 0 0 0 rg BT 263.25 88.30 Td (to ) Tj ET Q q 0 0 0 rg BT 271.19 88.30 Td (considering ) Tj ET Q q 0 0 0 rg BT 310.23 88.30 Td (developments ) Tj ET Q q 0 0 0 rg BT 356.38 88.30 Td (in ) Tj ET Q q 0 0 0 rg BT 364.32 88.30 Td (each ) Tj ET Q q 0 0 0 rg BT 380.69 88.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.07 88.30 Td (our ) Tj ET Q q 0 0 0 rg BT 401.45 88.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 430.49 88.30 Td (which ) Tj ET Q q 0 0 0 rg BT 451.75 88.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 477.91 88.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 497.83 88.30 Td (evidence ) Tj ET Q q 0 0 0 rg BT 527.97 88.30 Td (of ) Tj ET Q q 0 0 0 rg BT 536.35 88.30 Td (the ) Tj ET Q q 0 0 0 rg BT 547.84 88.30 Td (state ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 78.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.33 78.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.27 78.70 Td (market ) Tj ET Q q 0 0 0 rg BT 94.65 78.70 Td (and ) Tj ET Q q 0 0 0 rg BT 108.37 78.70 Td (future ) Tj ET Q q 0 0 0 rg BT 129.64 78.70 Td (market ) Tj ET Q q 0 0 0 rg BT 154.02 78.70 Td (development. ) Tj ET Q q 0 0 0 rg BT 199.51 78.70 Td (In ) Tj ET Q q 0 0 0 rg BT 208.34 78.70 Td (concluding ) Tj ET Q q 0 0 0 rg BT 246.05 78.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 273.99 78.70 Td (a ) Tj ET Q q 0 0 0 rg BT 279.71 78.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 310.32 78.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 349.37 78.70 Td (char) Tj ET Q q 0 0 0 rg BT 362.99 78.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 372.71 78.70 Td (is ) Tj ET Q q 0 0 0 rg BT 380.21 78.70 Td (necessary) Tj ET Q q 0 0 0 rg BT 410.79 78.70 Td (, ) Tj ET Q q 0 0 0 rg BT 414.95 78.70 Td (we ) Tj ET Q q 0 0 0 rg BT 426.45 78.70 Td (perform ) Tj ET Q q 0 0 0 rg BT 454.38 78.70 Td (the ) Tj ET Q q 0 0 0 rg BT 466.32 78.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 505.37 78.70 Td (test ) Tj ET Q q 0 0 0 rg BT 518.65 78.70 Td (under ) Tj ET Q q 0 0 0 rg BT 539.03 78.70 Td (a ) Tj ET Q q 0 0 0 rg BT 544.75 78.70 Td (range ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.07 69.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 86.20 69.10 Td (scenarios. ) Tj ET Q q 0 0 0 rg BT 119.87 69.10 Td (In ) Tj ET Q q 0 0 0 rg BT 128.45 69.10 Td (order ) Tj ET Q q 0 0 0 rg BT 147.23 69.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.36 69.10 Td (check ) Tj ET Q q 0 0 0 rg BT 175.92 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.60 69.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 237.49 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.06 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.74 69.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 270.75 69.10 Td (values ) Tj ET Q q 0 0 0 rg BT 293.09 69.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 319.44 69.10 Td (by ) Tj ET Q q 0 0 0 rg BT 329.35 69.10 Td (our ) Tj ET Q q 0 0 0 rg BT 341.92 69.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 358.04 69.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 374.62 69.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 406.29 69.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.53 69.10 Td (also ) Tj ET Q q 0 0 0 rg BT 432.32 69.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 462.65 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.33 69.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.56 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.13 69.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 524.03 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.60 69.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.18 69.10 Td (Class ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 59.50 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 59.50 Td ( ) Tj ET Q q 0 0 0 rg BT 56.84 59.50 Td (common ) Tj ET Q q 0 0 0 rg BT 86.83 59.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 105.72 59.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 132.16 59.50 Td (by ) Tj ET Q q 0 0 0 rg BT 142.16 59.50 Td (our ) Tj ET Q q 0 0 0 rg BT 154.82 59.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.04 59.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 187.70 59.50 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 218.13 59.50 Td (and ) Tj ET Q q 0 0 0 rg BT 231.68 59.50 Td (compare ) Tj ET Q q 0 0 0 rg BT 261.22 59.50 Td (this ) Tj ET Q q 0 0 0 rg BT 274.78 59.50 Td (to ) Tj ET Q q 0 0 0 rg BT 283.00 59.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 304.10 59.50 Td (traded ) Tj ET Q q 0 0 0 rg BT 326.09 59.50 Td (values ) Tj ET Q q 0 0 0 rg BT 348.53 59.50 Td (to ) Tj ET Q q 0 0 0 rg BT 356.75 59.50 Td (understand ) Tj ET Q q 0 0 0 rg BT 393.85 59.50 Td (the ) Tj ET Q q 0 0 0 rg BT 405.63 59.50 Td (dif) Tj ET Q q 0 0 0 rg BT 414.37 59.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 439.90 59.50 Td (between ) Tj ET Q q 0 0 0 rg BT 468.55 59.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.32 59.50 Td (two.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (56) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 723.50 Td (table ) Tj ET Q q 0 0 0 rg BT 81.48 723.50 Td (below ) Tj ET Q q 0 0 0 rg BT 103.04 723.50 Td (shows ) Tj ET Q q 0 0 0 rg BT 125.04 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 136.81 723.50 Td (key ) Tj ET Q q 0 0 0 rg BT 150.36 723.50 Td (measurements ) Tj ET Q q 0 0 0 rg BT 198.13 723.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 228.12 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 241.67 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 253.45 723.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 285.21 723.50 Td (methods ) Tj ET Q q 0 0 0 rg BT 314.32 723.50 Td (applied:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 698.00 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 698.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 698.00 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 668.00 254.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 668.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 668.00 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ET q 0 0 0 rg BT 52.00 642.25 Td (Fair value of reporting units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 642.25 Td (Discounted cash flow model \(Level 3 inputs*\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 625.90 Td (*As ) Tj ET Q q 0 0 0 rg BT 64.39 625.90 Td (described ) Tj ET Q q 0 0 0 rg BT 97.04 625.90 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.27 625.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 122.82 625.90 Td (14, ) Tj ET Q q 0 0 0 rg BT 134.82 625.90 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 169.85 625.90 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 209.63 625.90 Td (and ) Tj ET Q q 0 0 0 rg BT 223.18 625.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 237.92 625.90 Td (V) Tj ET Q q 0 0 0 rg BT 242.81 625.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 258.13 625.90 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 610.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.18 610.30 Td (method ) Tj ET Q q 0 0 0 rg BT 92.88 610.30 Td (noted ) Tj ET Q q 0 0 0 rg BT 112.35 610.30 Td (above ) Tj ET Q q 0 0 0 rg BT 133.14 610.30 Td (involves ) Tj ET Q q 0 0 0 rg BT 161.95 610.30 Td (a ) Tj ET Q q 0 0 0 rg BT 167.20 610.30 Td (number ) Tj ET Q q 0 0 0 rg BT 193.33 610.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.69 610.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 237.16 610.30 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 278.41 610.30 Td (over ) Tj ET Q q 0 0 0 rg BT 294.32 610.30 Td (an ) Tj ET Q q 0 0 0 rg BT 303.57 610.30 Td (extended ) Tj ET Q q 0 0 0 rg BT 334.14 610.30 Td (period ) Tj ET Q q 0 0 0 rg BT 356.28 610.30 Td (of ) Tj ET Q q 0 0 0 rg BT 364.64 610.30 Td (time ) Tj ET Q q 0 0 0 rg BT 380.55 610.30 Td (which ) Tj ET Q q 0 0 0 rg BT 401.80 610.30 Td (could ) Tj ET Q q 0 0 0 rg BT 421.27 610.30 Td (materially ) Tj ET Q q 0 0 0 rg BT 455.39 610.30 Td (change ) Tj ET Q q 0 0 0 rg BT 479.74 610.30 Td (our ) Tj ET Q q 0 0 0 rg BT 492.10 610.30 Td (decision ) Tj ET Q q 0 0 0 rg BT 520.46 610.30 Td (as ) Tj ET Q q 0 0 0 rg BT 528.82 610.30 Td (to ) Tj ET Q q 0 0 0 rg BT 536.74 610.30 Td (whether ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 600.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.52 600.70 Td (are ) Tj ET Q q 0 0 0 rg BT 82.64 600.70 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 115.25 600.70 Td (The ) Tj ET Q q 0 0 0 rg BT 130.04 600.70 Td (most ) Tj ET Q q 0 0 0 rg BT 147.96 600.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 184.08 600.70 Td (of ) Tj ET Q q 0 0 0 rg BT 193.10 600.70 Td (these ) Tj ET Q q 0 0 0 rg BT 211.89 600.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 253.80 600.70 Td (include: ) Tj ET Q q 0 0 0 rg BT 281.92 600.70 Td (the ) Tj ET Q q 0 0 0 rg BT 294.05 600.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 323.51 600.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 337.86 600.70 Td (applied, ) Tj ET Q q 0 0 0 rg BT 365.76 600.70 Td (the ) Tj ET Q q 0 0 0 rg BT 377.88 600.70 Td (total ) Tj ET Q q 0 0 0 rg BT 394.46 600.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 432.36 600.70 Td (market ) Tj ET Q q 0 0 0 rg BT 456.92 600.70 Td (size, ) Tj ET Q q 0 0 0 rg BT 473.71 600.70 Td (achievable ) Tj ET Q q 0 0 0 rg BT 510.26 600.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 531.28 600.70 Td (of ) Tj ET Q q 0 0 0 rg BT 540.29 600.70 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 591.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 70.38 591.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 97.70 591.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 122.59 591.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.59 591.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.14 591.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.46 591.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 201.22 591.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.77 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.54 591.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 240.53 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.20 591.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 273.86 591.10 Td (into ) Tj ET Q q 0 0 0 rg BT 288.30 591.10 Td (perpetuity) Tj ET Q q 0 0 0 rg BT 320.22 591.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.22 591.10 Td (each ) Tj ET Q q 0 0 0 rg BT 340.87 591.10 Td (described ) Tj ET Q q 0 0 0 rg BT 373.52 591.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.75 591.10 Td (more ) Tj ET Q q 0 0 0 rg BT 400.18 591.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 419.95 591.10 Td (below:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 573.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 573.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 101.98 573.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.46 573.10 Td (capital: ) Tj ET Q q 0 0 0 rg BT 135.69 573.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.94 573.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 164.63 573.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.11 573.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 196.24 573.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 221.60 573.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.18 573.10 Td (return ) Tj ET Q q 0 0 0 rg BT 254.10 573.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.46 573.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 300.81 573.10 Td (market ) Tj ET Q q 0 0 0 rg BT 324.84 573.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 360.86 573.10 Td (would ) Tj ET Q q 0 0 0 rg BT 382.67 573.10 Td (require ) Tj ET Q q 0 0 0 rg BT 407.13 573.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.28 573.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.64 573.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 457.00 573.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 493.92 573.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.95 573.10 Td (an ) Tj ET Q q 0 0 0 rg BT 511.31 573.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 528.68 573.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.04 573.10 Td (can ) Tj ET Q q 0 0 0 rg BT 554.96 573.10 Td (be ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 563.50 Td (viewed ) Tj ET Q q 0 0 0 rg BT 110.18 563.50 Td (as ) Tj ET Q q 0 0 0 rg BT 118.43 563.50 Td (a ) Tj ET Q q 0 0 0 rg BT 123.56 563.50 Td (proxy ) Tj ET Q q 0 0 0 rg BT 143.80 563.50 Td (for ) Tj ET Q q 0 0 0 rg BT 154.71 563.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.07 563.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 179.65 563.50 Td (of ) Tj ET Q q 0 0 0 rg BT 187.89 563.50 Td (that ) Tj ET Q q 0 0 0 rg BT 201.47 563.50 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rg BT 97.37 553.90 Td (most ) Tj ET Q q 0 0 0 rg BT 115.03 553.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 150.89 553.90 Td (of ) Tj ET Q q 0 0 0 rg BT 159.65 553.90 Td (which ) Tj ET Q q 0 0 0 rg BT 181.30 553.90 Td (is ) Tj ET Q q 0 0 0 rg BT 188.73 553.90 Td (a ) Tj ET Q q 0 0 0 rg BT 194.38 553.90 Td (Country ) Tj ET Q q 0 0 0 rg BT 222.70 553.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 239.47 553.90 Td (Premium ) Tj ET Q q 0 0 0 rg BT 270.90 553.90 Td (\(CRP\). ) Tj ET Q q 0 0 0 rg BT 302.39 553.90 Td (The ) Tj ET Q q 0 0 0 rg BT 316.93 553.90 Td (CRP) Tj ET Q q 0 0 0 rg BT 331.75 553.90 Td ( ) Tj ET Q q 0 0 0 rg BT 333.85 553.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 359.48 553.90 Td (the ) Tj ET Q q 0 0 0 rg BT 371.35 553.90 Td (excess ) Tj ET Q q 0 0 0 rg BT 394.33 553.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 408.43 553.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.75 553.90 Td (an ) Tj ET Q q 0 0 0 rg BT 426.39 553.90 Td (investor ) Tj ET Q q 0 0 0 rg BT 454.26 553.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.02 553.90 Td (investing ) Tj ET Q q 0 0 0 rg BT 494.45 553.90 Td (in ) Tj ET Q q 0 0 0 rg BT 502.77 553.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 530.19 553.90 Td (other ) Tj ET Q q 0 0 0 rg BT 548.73 553.90 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 544.30 Td (the ) Tj ET Q q 0 0 0 rg BT 97.16 544.30 Td (United ) Tj ET Q q 0 0 0 rg BT 120.82 544.30 Td (States ) Tj ET Q q 0 0 0 rg BT 141.82 544.30 Td (and ) Tj ET Q q 0 0 0 rg BT 155.26 544.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 186.91 544.30 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 219.89 544.30 Td (with ) Tj ET Q q 0 0 0 rg BT 236.00 544.30 Td (expectations ) Tj ET Q q 0 0 0 rg BT 277.88 544.30 Td (of ) Tj ET Q q 0 0 0 rg BT 286.43 544.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.08 544.30 Td (in ) Tj ET Q q 0 0 0 rg BT 322.19 544.30 Td (a ) Tj ET Q q 0 0 0 rg BT 327.63 544.30 Td (country's ) Tj ET Q q 0 0 0 rg BT 358.51 544.30 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 414.15 544.30 Td (environment. ) Tj ET Q q 0 0 0 rg BT 458.33 544.30 Td (The ) Tj ET Q q 0 0 0 rg BT 472.66 544.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.54 544.30 Td (of ) Tj ET Q q 0 0 0 rg BT 499.10 544.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 522.30 544.30 Td (that ) Tj ET Q q 0 0 0 rg BT 536.19 544.30 Td (we ) Tj ET Q q 0 0 0 rg BT 547.40 544.30 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 534.70 Td (applied ) Tj ET Q q 0 0 0 rg BT 110.89 534.70 Td (to ) Tj ET Q q 0 0 0 rg BT 118.95 534.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.01 534.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 154.63 534.70 Td (for ) Tj ET Q q 0 0 0 rg BT 165.79 534.70 Td (our ) Tj ET Q q 0 0 0 rg BT 178.30 534.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 196.14 534.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 219.30 534.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 258.02 534.70 Td (test ) Tj ET Q q 0 0 0 rg BT 270.97 534.70 Td (were ) Tj ET Q q 0 0 0 rg BT 288.36 534.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 308.41 534.70 Td (than ) Tj ET Q q 0 0 0 rg BT 324.03 534.70 Td (those ) Tj ET Q q 0 0 0 rg BT 342.76 534.70 Td (we ) Tj ET Q q 0 0 0 rg BT 353.92 534.70 Td (had ) Tj ET Q q 0 0 0 rg BT 367.32 534.70 Td (used ) Tj ET Q q 0 0 0 rg BT 383.82 534.70 Td (in ) Tj ET Q q 0 0 0 rg BT 391.88 534.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 409.73 534.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 448.45 534.70 Td (test ) Tj ET Q q 0 0 0 rg BT 461.40 534.70 Td (for ) Tj ET Q q 0 0 0 rg BT 472.56 534.70 Td (all ) Tj ET Q q 0 0 0 rg BT 482.40 534.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 513.57 534.70 Td (units ) Tj ET Q q 0 0 0 rg BT 530.97 534.70 Td (excluding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 525.10 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 111.02 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.54 525.10 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 156.44 525.10 Td (The ) Tj ET Q q 0 0 0 rg BT 170.78 525.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 202.07 525.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.27 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.02 525.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 239.99 525.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.63 525.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 271.92 525.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.12 525.10 Td (these ) Tj ET Q q 0 0 0 rg BT 298.53 525.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 329.83 525.10 Td (units ) Tj ET Q q 0 0 0 rg BT 347.36 525.10 Td (was ) Tj ET Q q 0 0 0 rg BT 361.77 525.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.52 525.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 415.93 525.10 Td (by ) Tj ET Q q 0 0 0 rg BT 425.90 525.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 457.19 525.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.39 525.10 Td (both ) Tj ET Q q 0 0 0 rg BT 481.58 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.33 525.10 Td (CRP) Tj ET Q q 0 0 0 rg BT 508.30 525.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.13 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.65 525.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.40 525.10 Td (risk-free ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 515.50 Td (rate. ) Tj ET Q q 0 0 0 rg BT 101.40 515.50 Td (The ) Tj ET Q q 0 0 0 rg BT 115.91 515.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 130.86 515.50 Td (of ) Tj ET Q q 0 0 0 rg BT 139.59 515.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 162.97 515.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 188.59 515.50 Td (to ) Tj ET Q q 0 0 0 rg BT 196.88 515.50 Td (our ) Tj ET Q q 0 0 0 rg BT 209.60 515.50 Td (remaining ) Tj ET Q q 0 0 0 rg BT 244.10 515.50 Td (units ) Tj ET Q q 0 0 0 rg BT 261.73 515.50 Td (was ) Tj ET Q q 0 0 0 rg BT 276.23 515.50 Td (lower ) Tj ET Q q 0 0 0 rg BT 296.51 515.50 Td (in ) Tj ET Q q 0 0 0 rg BT 304.80 515.50 Td (our ) Tj ET Q q 0 0 0 rg BT 317.53 515.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 335.60 515.50 Td (test ) Tj ET Q q 0 0 0 rg BT 348.77 515.50 Td (as ) Tj ET Q q 0 0 0 rg BT 357.50 515.50 Td (compared ) Tj ET Q q 0 0 0 rg BT 391.11 515.50 Td (to ) Tj ET Q q 0 0 0 rg BT 399.39 515.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 417.46 515.50 Td (due ) Tj ET Q q 0 0 0 rg BT 431.08 515.50 Td (to ) Tj ET Q q 0 0 0 rg BT 439.36 515.50 Td (a ) Tj ET Q q 0 0 0 rg BT 444.98 515.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 474.58 515.50 Td (in ) Tj ET Q q 0 0 0 rg BT 482.87 515.50 Td (the ) Tj ET Q q 0 0 0 rg BT 494.70 515.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 509.66 515.50 Td (of ) Tj ET Q q 0 0 0 rg BT 518.39 515.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 534.22 515.50 Td (based ) Tj ET Q q 0 0 0 rg BT 554.50 515.50 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 505.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 113.27 505.90 Td (of ) Tj ET Q q 0 0 0 rg BT 121.94 505.90 Td (the ) Tj ET Q q 0 0 0 rg BT 133.71 505.90 Td (yields ) Tj ET Q q 0 0 0 rg BT 154.82 505.90 Td (on ) Tj ET Q q 0 0 0 rg BT 164.82 505.90 Td (comparable ) Tj ET Q q 0 0 0 rg BT 204.13 505.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 236.34 505.90 Td (bonds ) Tj ET Q q 0 0 0 rg BT 257.45 505.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.00 505.90 Td (decreases ) Tj ET Q q 0 0 0 rg BT 303.64 505.90 Td (in ) Tj ET Q q 0 0 0 rg BT 311.87 505.90 Td (the ) Tj ET Q q 0 0 0 rg BT 323.64 505.90 Td (CRP) Tj ET Q q 0 0 0 rg BT 337.88 505.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 487.90 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 487.90 Td (T) Tj ET Q q 0 0 0 rg BT 89.83 487.90 Td (otal ) Tj ET Q q 0 0 0 rg BT 104.08 487.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 141.88 487.90 Td (market: ) Tj ET Q q 0 0 0 rg BT 168.41 487.90 Td (The ) Tj ET Q q 0 0 0 rg BT 183.10 487.90 Td (size ) Tj ET Q q 0 0 0 rg BT 197.79 487.90 Td (of ) Tj ET Q q 0 0 0 rg BT 206.71 487.90 Td (the ) Tj ET Q q 0 0 0 rg BT 218.74 487.90 Td (television ) Tj ET Q q 0 0 0 rg BT 252.10 487.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 289.90 487.90 Td (market ) Tj ET Q q 0 0 0 rg BT 314.37 487.90 Td (ef) Tj ET Q q 0 0 0 rg BT 320.44 487.90 Td (fectively ) Tj ET Q q 0 0 0 rg BT 350.68 487.90 Td (places ) Tj ET Q q 0 0 0 rg BT 372.92 487.90 Td (an ) Tj ET Q q 0 0 0 rg BT 382.72 487.90 Td (upper ) Tj ET Q q 0 0 0 rg BT 403.19 487.90 Td (limit ) Tj ET Q q 0 0 0 rg BT 420.56 487.90 Td (on ) Tj ET Q q 0 0 0 rg BT 430.82 487.90 Td (the ) Tj ET Q q 0 0 0 rg BT 442.85 487.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 480.65 487.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 508.22 487.90 Td (we ) Tj ET Q q 0 0 0 rg BT 519.80 487.90 Td (can ) Tj ET Q q 0 0 0 rg BT 533.16 487.90 Td (expect ) Tj ET Q q 0 0 0 rg BT 556.29 487.90 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 478.30 Td (earn ) Tj ET Q q 0 0 0 rg BT 101.52 478.30 Td (in ) Tj ET Q q 0 0 0 rg BT 110.00 478.30 Td (each ) Tj ET Q q 0 0 0 rg BT 126.91 478.30 Td (country) Tj ET Q q 0 0 0 rg BT 150.82 478.30 Td (. ) Tj ET Q q 0 0 0 rg BT 155.08 478.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 169.77 478.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 198.69 478.30 Td (of ) Tj ET Q q 0 0 0 rg BT 207.60 478.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.63 478.30 Td (total ) Tj ET Q q 0 0 0 rg BT 236.11 478.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 273.91 478.30 Td (market ) Tj ET Q q 0 0 0 rg BT 298.37 478.30 Td (is ) Tj ET Q q 0 0 0 rg BT 305.96 478.30 Td (developed ) Tj ET Q q 0 0 0 rg BT 341.09 478.30 Td (from ) Tj ET Q q 0 0 0 rg BT 358.90 478.30 Td (a ) Tj ET Q q 0 0 0 rg BT 364.71 478.30 Td (number ) Tj ET Q q 0 0 0 rg BT 391.40 478.30 Td (of ) Tj ET Q q 0 0 0 rg BT 400.32 478.30 Td (external ) Tj ET Q q 0 0 0 rg BT 428.33 478.30 Td (sources, ) Tj ET Q q 0 0 0 rg BT 456.58 478.30 Td (in ) Tj ET Q q 0 0 0 rg BT 465.06 478.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 507.31 478.30 Td (with ) Tj ET Q q 0 0 0 rg BT 523.78 478.30 Td (a ) Tj ET Q q 0 0 0 rg BT 529.59 478.30 Td (process ) Tj ET Q q 0 0 0 rg BT 555.84 478.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 468.70 Td (on-going ) Tj ET Q q 0 0 0 rg BT 116.51 468.70 Td (consultation ) Tj ET Q q 0 0 0 rg BT 157.74 468.70 Td (with ) Tj ET Q q 0 0 0 rg BT 174.09 468.70 Td (local ) Tj ET Q q 0 0 0 rg BT 191.76 468.70 Td (management. ) Tj ET Q q 0 0 0 rg BT 236.75 468.70 Td (In ) Tj ET Q q 0 0 0 rg BT 245.54 468.70 Td (our ) Tj ET Q q 0 0 0 rg BT 258.33 468.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 281.78 468.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 320.78 468.70 Td (review ) Tj ET Q q 0 0 0 rg BT 344.67 468.70 Td (performed ) Tj ET Q q 0 0 0 rg BT 380.11 468.70 Td (in ) Tj ET Q q 0 0 0 rg BT 388.46 468.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.35 468.70 Td (fourth ) Tj ET Q q 0 0 0 rg BT 422.03 468.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 446.81 468.70 Td (of ) Tj ET Q q 0 0 0 rg BT 455.59 468.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 475.72 468.70 Td (we ) Tj ET Q q 0 0 0 rg BT 487.17 468.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 520.83 468.70 Td (our ) Tj ET Q q 0 0 0 rg BT 533.61 468.70 Td (medium- ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.79 459.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 132.08 459.10 Td (view ) Tj ET Q q 0 0 0 rg BT 149.37 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.77 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.28 459.10 Td (size ) Tj ET Q q 0 0 0 rg BT 183.46 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.86 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.38 459.10 Td (television ) Tj ET Q q 0 0 0 rg BT 236.22 459.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 273.51 459.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 300.57 459.10 Td (based ) Tj ET Q q 0 0 0 rg BT 320.52 459.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.26 459.10 Td (management's ) Tj ET Q q 0 0 0 rg BT 377.43 459.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 405.82 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.23 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.74 459.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 448.37 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.66 459.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 489.17 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.58 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.09 459.10 Td (market ) Tj ET Q q 0 0 0 rg BT 533.04 459.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 560.50 459.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 441.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 441.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 110.70 441.10 Td (share: ) Tj ET Q q 0 0 0 rg BT 131.76 441.10 Td (This ) Tj ET Q q 0 0 0 rg BT 148.08 441.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.52 441.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.17 441.10 Td (function ) Tj ET Q q 0 0 0 rg BT 189.94 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.70 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.58 441.10 Td (audience ) Tj ET Q q 0 0 0 rg BT 241.11 441.10 Td (share ) Tj ET Q q 0 0 0 rg BT 260.09 441.10 Td (we ) Tj ET Q q 0 0 0 rg BT 271.52 441.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 294.50 441.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.26 441.10 Td (stations ) Tj ET Q q 0 0 0 rg BT 333.81 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.14 441.10 Td (generate, ) Tj ET Q q 0 0 0 rg BT 373.33 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.98 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.86 441.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 424.94 441.10 Td (price ) Tj ET Q q 0 0 0 rg BT 443.04 441.10 Td (at ) Tj ET Q q 0 0 0 rg BT 450.91 441.10 Td (which ) Tj ET Q q 0 0 0 rg BT 472.56 441.10 Td (we ) Tj ET Q q 0 0 0 rg BT 484.00 441.10 Td (can ) Tj ET Q q 0 0 0 rg BT 497.20 441.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 510.41 441.10 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 550.06 441.10 Td (Our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 431.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 114.20 431.50 Td (of ) Tj ET Q q 0 0 0 rg BT 122.90 431.50 Td (the ) Tj ET Q q 0 0 0 rg BT 134.72 431.50 Td (total ) Tj ET Q q 0 0 0 rg BT 150.98 431.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 188.56 431.50 Td (market ) Tj ET Q q 0 0 0 rg BT 212.82 431.50 Td (is ) Tj ET Q q 0 0 0 rg BT 220.19 431.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 255.11 431.50 Td (from ) Tj ET Q q 0 0 0 rg BT 272.70 431.50 Td (a ) Tj ET Q q 0 0 0 rg BT 278.29 431.50 Td (number ) Tj ET Q q 0 0 0 rg BT 304.77 431.50 Td (of ) Tj ET Q q 0 0 0 rg BT 313.48 431.50 Td (external ) Tj ET Q q 0 0 0 rg BT 341.28 431.50 Td (sources, ) Tj ET Q q 0 0 0 rg BT 369.31 431.50 Td (in ) Tj ET Q q 0 0 0 rg BT 377.58 431.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 419.61 431.50 Td (with ) Tj ET Q q 0 0 0 rg BT 435.87 431.50 Td (a ) Tj ET Q q 0 0 0 rg BT 441.46 431.50 Td (process ) Tj ET Q q 0 0 0 rg BT 467.50 431.50 Td (of ) Tj ET Q q 0 0 0 rg BT 476.20 431.50 Td (on-going ) Tj ET Q q 0 0 0 rg BT 507.13 431.50 Td (consultation ) Tj ET Q q 0 0 0 rg BT 548.28 431.50 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 421.90 Td (local ) Tj ET Q q 0 0 0 rg BT 103.05 421.90 Td (management. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 403.90 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 403.90 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 114.17 403.90 Td (OIBDA: ) Tj ET Q q 0 0 0 rg BT 143.17 403.90 Td (The ) Tj ET Q q 0 0 0 rg BT 157.17 403.90 Td (level ) Tj ET Q q 0 0 0 rg BT 174.28 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 182.51 403.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.29 403.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 214.52 403.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 247.17 403.90 Td (by ) Tj ET Q q 0 0 0 rg BT 256.73 403.90 Td (each ) Tj ET Q q 0 0 0 rg BT 272.95 403.90 Td (operation ) Tj ET Q q 0 0 0 rg BT 304.72 403.90 Td (is ) Tj ET Q q 0 0 0 rg BT 311.62 403.90 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 345.62 403.90 Td (governed ) Tj ET Q q 0 0 0 rg BT 376.95 403.90 Td (by ) Tj ET Q q 0 0 0 rg BT 386.52 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 397.85 403.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 418.96 403.90 Td (to ) Tj ET Q q 0 0 0 rg BT 426.75 403.90 Td (which ) Tj ET Q q 0 0 0 rg BT 447.86 403.90 Td (we ) Tj ET Q q 0 0 0 rg BT 458.75 403.90 Td (manage ) Tj ET Q q 0 0 0 rg BT 485.19 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 496.53 403.90 Td (relationship ) Tj ET Q q 0 0 0 rg BT 535.86 403.90 Td (between ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 394.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 116.01 394.30 Td (and ) Tj ET Q q 0 0 0 rg BT 129.64 394.30 Td (costs. ) Tj ET Q q 0 0 0 rg BT 149.57 394.30 Td (W) Tj ET Q q 0 0 0 rg BT 156.48 394.30 Td (e ) Tj ET Q q 0 0 0 rg BT 162.11 394.30 Td (forecast ) Tj ET Q q 0 0 0 rg BT 189.50 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.36 394.30 Td (level ) Tj ET Q q 0 0 0 rg BT 218.98 394.30 Td (of ) Tj ET Q q 0 0 0 rg BT 227.72 394.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.01 394.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.09 394.30 Td (by ) Tj ET Q q 0 0 0 rg BT 288.17 394.30 Td (reference ) Tj ET Q q 0 0 0 rg BT 320.00 394.30 Td (to ) Tj ET Q q 0 0 0 rg BT 328.30 394.30 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 339.26 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 351.11 394.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 382.96 394.30 Td (absolute ) Tj ET Q q 0 0 0 rg BT 411.70 394.30 Td (and ) Tj ET Q q 0 0 0 rg BT 425.33 394.30 Td (relative ) Tj ET Q q 0 0 0 rg BT 451.39 394.30 Td (levels ) Tj ET Q q 0 0 0 rg BT 472.13 394.30 Td (of ) Tj ET Q q 0 0 0 rg BT 480.87 394.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 498.95 394.30 Td (we ) Tj ET Q q 0 0 0 rg BT 510.36 394.30 Td (have ) Tj ET Q q 0 0 0 rg BT 527.54 394.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 556.27 394.30 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 384.70 Td (generating ) Tj ET Q q 0 0 0 rg BT 120.59 384.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 147.23 384.70 Td (in ) Tj ET Q q 0 0 0 rg BT 154.78 384.70 Td (each ) Tj ET Q q 0 0 0 rg BT 170.76 384.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 201.41 384.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 217.19 384.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 227.84 384.70 Td (the ) Tj ET Q q 0 0 0 rg BT 238.94 384.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 270.48 384.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 297.13 384.70 Td (of ) Tj ET Q q 0 0 0 rg BT 305.12 384.70 Td (each ) Tj ET Q q 0 0 0 rg BT 321.10 384.70 Td (business ) Tj ET Q q 0 0 0 rg BT 349.54 384.70 Td (and ) Tj ET Q q 0 0 0 rg BT 362.42 384.70 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 372.63 384.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 398.83 384.70 Td (forecast ) Tj ET Q q 0 0 0 rg BT 425.47 384.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 442.80 384.70 Td (to ) Tj ET Q q 0 0 0 rg BT 450.35 384.70 Td (be ) Tj ET Q q 0 0 0 rg BT 459.23 384.70 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 489.21 384.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 502.97 384.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.63 384.70 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 375.10 Td (review ) Tj ET Q q 0 0 0 rg BT 109.27 375.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 137.93 375.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 179.48 375.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.71 375.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 210.13 375.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 237.46 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.12 375.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 261.01 375.10 Td (control ) Tj ET Q q 0 0 0 rg BT 285.67 375.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 317.43 375.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 336.76 375.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.98 375.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 362.30 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.86 375.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 420.95 375.10 Td (further ) Tj ET Q q 0 0 0 rg BT 444.71 375.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 459.60 375.10 Td (control ) Tj ET Q q 0 0 0 rg BT 484.26 375.10 Td (ef) Tj ET Q q 0 0 0 rg BT 490.33 375.10 Td (forts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 357.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 357.10 Td (Forecast ) Tj ET Q q 0 0 0 rg BT 114.61 357.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 137.94 357.10 Td (expenditure: ) Tj ET Q q 0 0 0 rg BT 179.79 357.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.24 357.10 Td (size ) Tj ET Q q 0 0 0 rg BT 208.69 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.25 357.10 Td (phasing ) Tj ET Q q 0 0 0 rg BT 249.15 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.82 357.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.15 357.10 Td (expenditure, ) Tj ET Q q 0 0 0 rg BT 322.93 357.10 Td (both ) Tj ET Q q 0 0 0 rg BT 339.16 357.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 370.49 357.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 410.26 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.49 357.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 443.59 357.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 466.48 357.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 487.15 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.72 357.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 540.95 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 357.10 Td (new ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 347.50 Td (projects, ) Tj ET Q q 0 0 0 rg BT 115.16 347.50 Td (has ) Tj ET Q q 0 0 0 rg BT 128.16 347.50 Td (a ) Tj ET Q q 0 0 0 rg BT 134.04 347.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 170.14 347.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 194.25 347.50 Td (on ) Tj ET Q q 0 0 0 rg BT 204.58 347.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.13 347.50 Td (flows. ) Tj ET Q q 0 0 0 rg BT 243.07 347.50 Td (W) Tj ET Q q 0 0 0 rg BT 249.98 347.50 Td (e ) Tj ET Q q 0 0 0 rg BT 255.87 347.50 Td (forecast ) Tj ET Q q 0 0 0 rg BT 283.52 347.50 Td (the ) Tj ET Q q 0 0 0 rg BT 295.63 347.50 Td (level ) Tj ET Q q 0 0 0 rg BT 313.51 347.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.51 347.50 Td (future ) Tj ET Q q 0 0 0 rg BT 343.94 347.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 367.60 347.50 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 407.69 347.50 Td (based ) Tj ET Q q 0 0 0 rg BT 428.24 347.50 Td (on ) Tj ET Q q 0 0 0 rg BT 438.57 347.50 Td (current ) Tj ET Q q 0 0 0 rg BT 463.56 347.50 Td (strategies ) Tj ET Q q 0 0 0 rg BT 496.10 347.50 Td (and ) Tj ET Q q 0 0 0 rg BT 509.99 347.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 537.20 347.50 Td (forecast ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 337.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 104.01 337.90 Td (to ) Tj ET Q q 0 0 0 rg BT 112.74 337.90 Td (be ) Tj ET Q q 0 0 0 rg BT 122.80 337.90 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 153.96 337.90 Td (In ) Tj ET Q q 0 0 0 rg BT 163.14 337.90 Td (line ) Tj ET Q q 0 0 0 rg BT 177.64 337.90 Td (with ) Tj ET Q q 0 0 0 rg BT 194.38 337.90 Td (our ) Tj ET Q q 0 0 0 rg BT 207.55 337.90 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 236.28 337.90 Td (ef) Tj ET Q q 0 0 0 rg BT 242.35 337.90 Td (forts ) Tj ET Q q 0 0 0 rg BT 259.53 337.90 Td (to ) Tj ET Q q 0 0 0 rg BT 268.26 337.90 Td (protect ) Tj ET Q q 0 0 0 rg BT 292.98 337.90 Td (our ) Tj ET Q q 0 0 0 rg BT 306.15 337.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.88 337.90 Td (mar) Tj ET Q q 0 0 0 rg BT 351.17 337.90 Td (gins, ) Tj ET Q q 0 0 0 rg BT 369.01 337.90 Td (the ) Tj ET Q q 0 0 0 rg BT 381.30 337.90 Td (absolute ) Tj ET Q q 0 0 0 rg BT 410.47 337.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 431.64 337.90 Td (of ) Tj ET Q q 0 0 0 rg BT 440.81 337.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 464.64 337.90 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 504.91 337.90 Td (forecast ) Tj ET Q q 0 0 0 rg BT 532.74 337.90 Td (remained ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 328.30 Td (broadly ) Tj ET Q q 0 0 0 rg BT 111.94 328.30 Td (constant ) Tj ET Q q 0 0 0 rg BT 140.60 328.30 Td (with ) Tj ET Q q 0 0 0 rg BT 156.82 328.30 Td (the ) Tj ET Q q 0 0 0 rg BT 168.59 328.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 186.14 328.30 Td (year ) Tj ET Q q 0 0 0 rg BT 201.91 328.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 240.79 328.30 Td (reviews.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 310.30 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 310.30 Td (Growth ) Tj ET Q q 0 0 0 rg BT 111.75 310.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 125.55 310.30 Td (into ) Tj ET Q q 0 0 0 rg BT 139.81 310.30 Td (perpetuity: ) Tj ET Q q 0 0 0 rg BT 176.15 310.30 Td (This ) Tj ET Q q 0 0 0 rg BT 192.18 310.30 Td (reflects ) Tj ET Q q 0 0 0 rg BT 217.53 310.30 Td (the ) Tj ET Q q 0 0 0 rg BT 229.12 310.30 Td (level ) Tj ET Q q 0 0 0 rg BT 246.47 310.30 Td (of ) Tj ET Q q 0 0 0 rg BT 254.95 310.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 287.86 310.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 312.33 310.30 Td (in ) Tj ET Q q 0 0 0 rg BT 320.37 310.30 Td (each ) Tj ET Q q 0 0 0 rg BT 336.83 310.30 Td (of ) Tj ET Q q 0 0 0 rg BT 345.31 310.30 Td (our ) Tj ET Q q 0 0 0 rg BT 357.78 310.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 384.92 310.30 Td (from ) Tj ET Q q 0 0 0 rg BT 402.28 310.30 Td (the ) Tj ET Q q 0 0 0 rg BT 413.87 310.30 Td (last ) Tj ET Q q 0 0 0 rg BT 426.79 310.30 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 461.47 310.30 Td (period ) Tj ET Q q 0 0 0 rg BT 483.72 310.30 Td (into ) Tj ET Q q 0 0 0 rg BT 497.97 310.30 Td (perpetuity ) Tj ET Q q 0 0 0 rg BT 532.22 310.30 Td (and ) Tj ET Q q 0 0 0 rg BT 545.58 310.30 Td (is ) Tj ET Q q 0 0 0 rg BT 552.73 310.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 300.70 Td (sum ) Tj ET Q q 0 0 0 rg BT 100.23 300.70 Td (of ) Tj ET Q q 0 0 0 rg BT 108.29 300.70 Td (an ) Tj ET Q q 0 0 0 rg BT 117.24 300.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 149.29 300.70 Td (real ) Tj ET Q q 0 0 0 rg BT 162.68 300.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 186.74 300.70 Td (rate, ) Tj ET Q q 0 0 0 rg BT 202.12 300.70 Td (which ) Tj ET Q q 0 0 0 rg BT 223.07 300.70 Td (reflects ) Tj ET Q q 0 0 0 rg BT 248.01 300.70 Td (our ) Tj ET Q q 0 0 0 rg BT 260.07 300.70 Td (belief ) Tj ET Q q 0 0 0 rg BT 279.67 300.70 Td (that ) Tj ET Q q 0 0 0 rg BT 293.07 300.70 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 348.21 300.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 372.27 300.70 Td (in ) Tj ET Q q 0 0 0 rg BT 379.89 300.70 Td (our ) Tj ET Q q 0 0 0 rg BT 391.95 300.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 418.67 300.70 Td (will ) Tj ET Q q 0 0 0 rg BT 432.52 300.70 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 466.35 300.70 Td (conver) Tj ET Q q 0 0 0 rg BT 487.97 300.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 496.92 300.70 Td (to ) Tj ET Q q 0 0 0 rg BT 504.44 300.70 Td (W) Tj ET Q q 0 0 0 rg BT 511.35 300.70 Td (estern ) Tj ET Q q 0 0 0 rg BT 531.84 300.70 Td (European ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 291.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 114.58 291.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.88 291.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 161.18 291.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 202.91 291.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.99 291.10 Td (inflation. ) Tj ET Q q 0 0 0 rg BT 244.85 291.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 259.04 291.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 290.57 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.98 291.10 Td (these ) Tj ET Q q 0 0 0 rg BT 317.17 291.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 334.03 291.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.54 291.10 Td (based ) Tj ET Q q 0 0 0 rg BT 365.51 291.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.26 291.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 411.67 291.10 Td (market ) Tj ET Q q 0 0 0 rg BT 435.63 291.10 Td (data ) Tj ET Q q 0 0 0 rg BT 450.71 291.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.01 291.10 Td (have ) Tj ET Q q 0 0 0 rg BT 480.86 291.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.84 291.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 521.24 291.10 Td (since ) Tj ET Q q 0 0 0 rg BT 539.43 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.96 291.10 Td (end ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 281.50 Td (of ) Tj ET Q q 0 0 0 rg BT 94.16 281.50 Td (2012.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 262.90 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 88.83 262.90 Td (r) Tj ET Q q 0 0 0 rg BT 91.64 262.90 Td (eviews ) Tj ET Q q 0 0 0 rg BT 114.97 262.90 Td (and ) Tj ET Q q 0 0 0 rg BT 128.97 262.90 Td (char) Tj ET Q q 0 0 0 rg BT 143.34 262.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 156.00 262.90 Td (r) Tj ET Q q 0 0 0 rg BT 158.82 262.90 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 192.80 262.90 Td (in ) Tj ET Q q 0 0 0 rg BT 201.03 262.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 247.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.11 247.30 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 94.71 247.30 Td (utilized ) Tj ET Q q 0 0 0 rg BT 120.87 247.30 Td (for ) Tj ET Q q 0 0 0 rg BT 132.37 247.30 Td (our ) Tj ET Q q 0 0 0 rg BT 145.20 247.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 163.37 247.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 186.87 247.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 225.91 247.30 Td (test ) Tj ET Q q 0 0 0 rg BT 239.19 247.30 Td (are ) Tj ET Q q 0 0 0 rg BT 251.13 247.30 Td (focused ) Tj ET Q q 0 0 0 rg BT 278.18 247.30 Td (on ) Tj ET Q q 0 0 0 rg BT 288.35 247.30 Td (building ) Tj ET Q q 0 0 0 rg BT 317.19 247.30 Td (our ) Tj ET Q q 0 0 0 rg BT 330.02 247.30 Td (core ) Tj ET Q q 0 0 0 rg BT 345.96 247.30 Td (television ) Tj ET Q q 0 0 0 rg BT 379.23 247.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 422.28 247.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 443.11 247.30 Td (in ) Tj ET Q q 0 0 0 rg BT 451.50 247.30 Td (each ) Tj ET Q q 0 0 0 rg BT 468.32 247.30 Td (country) Tj ET Q q 0 0 0 rg BT 492.24 247.30 Td (. ) Tj ET Q q 0 0 0 rg BT 496.41 247.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 511.02 247.30 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 541.62 247.30 Td (expect ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 237.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 67.41 237.70 Td (to ) Tj ET Q q 0 0 0 rg BT 75.54 237.70 Td (show ) Tj ET Q q 0 0 0 rg BT 94.35 237.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.03 237.70 Td (improvement ) Tj ET Q q 0 0 0 rg BT 174.59 237.70 Td (over ) Tj ET Q q 0 0 0 rg BT 190.72 237.70 Td (the ) Tj ET Q q 0 0 0 rg BT 202.41 237.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 244.75 237.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.65 237.70 Td (results ) Tj ET Q q 0 0 0 rg BT 297.44 237.70 Td (of ) Tj ET Q q 0 0 0 rg BT 306.02 237.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 325.93 237.70 Td (and ) Tj ET Q q 0 0 0 rg BT 339.39 237.70 Td (we ) Tj ET Q q 0 0 0 rg BT 350.63 237.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 373.42 237.70 Td (to ) Tj ET Q q 0 0 0 rg BT 381.55 237.70 Td (build ) Tj ET Q q 0 0 0 rg BT 399.91 237.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 417.82 237.70 Td (these ) Tj ET Q q 0 0 0 rg BT 436.17 237.70 Td (results ) Tj ET Q q 0 0 0 rg BT 458.96 237.70 Td (in ) Tj ET Q q 0 0 0 rg BT 467.10 237.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 487.01 237.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 501.36 237.70 Td (medium- ) Tj ET Q q 0 0 0 rg BT 532.16 237.70 Td (and ) Tj ET Q q 0 0 0 rg BT 545.62 237.70 Td (long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (term ) Tj ET Q q 0 0 0 rg BT 65.99 228.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 97.59 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.08 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.69 228.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 155.06 228.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 182.22 228.10 Td (have ) Tj ET Q q 0 0 0 rg BT 199.15 228.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 232.51 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.56 228.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.06 228.10 Td (current ) Tj ET Q q 0 0 0 rg BT 277.54 228.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 304.69 228.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.18 228.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 346.55 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.60 228.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.10 228.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 384.93 228.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 423.64 228.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 438.58 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.96 228.10 Td (now ) Tj ET Q q 0 0 0 rg BT 467.56 228.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 489.82 228.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 522.31 228.10 Td (GDP) Tj ET Q q 0 0 0 rg BT 538.01 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.84 228.10 Td (growth ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 218.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 66.52 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 74.66 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 86.36 218.50 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 134.04 218.50 Td (countries. ) Tj ET Q q 0 0 0 rg BT 167.15 218.50 Td (The ) Tj ET Q q 0 0 0 rg BT 181.51 218.50 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 210.52 218.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 224.43 218.50 Td (applied ) Tj ET Q q 0 0 0 rg BT 249.89 218.50 Td (to ) Tj ET Q q 0 0 0 rg BT 258.04 218.50 Td (the ) Tj ET Q q 0 0 0 rg BT 269.73 218.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 285.87 218.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 305.56 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 313.71 218.50 Td (our ) Tj ET Q q 0 0 0 rg BT 326.29 218.50 Td (forecast ) Tj ET Q q 0 0 0 rg BT 353.53 218.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 385.65 218.50 Td (since ) Tj ET Q q 0 0 0 rg BT 404.01 218.50 Td (our ) Tj ET Q q 0 0 0 rg BT 416.59 218.50 Td (last ) Tj ET Q q 0 0 0 rg BT 429.62 218.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 468.42 218.50 Td (test ) Tj ET Q q 0 0 0 rg BT 481.45 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 489.59 218.50 Td (2012, ) Tj ET Q q 0 0 0 rg BT 509.51 218.50 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 542.08 218.50 Td (higher ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 208.90 Td (returns ) Tj ET Q q 0 0 0 rg BT 73.88 208.90 Td (investors ) Tj ET Q q 0 0 0 rg BT 104.94 208.90 Td (require ) Tj ET Q q 0 0 0 rg BT 129.76 208.90 Td (due ) Tj ET Q q 0 0 0 rg BT 143.48 208.90 Td (to ) Tj ET Q q 0 0 0 rg BT 151.88 208.90 Td (improvements ) Tj ET Q q 0 0 0 rg BT 199.82 208.90 Td (in ) Tj ET Q q 0 0 0 rg BT 208.21 208.90 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 264.13 208.90 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 301.47 208.90 Td (The ) Tj ET Q q 0 0 0 rg BT 316.08 208.90 Td (CRP) Tj ET Q q 0 0 0 rg BT 330.91 208.90 Td ( ) Tj ET Q q 0 0 0 rg BT 333.08 208.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 365.45 208.90 Td (slightly ) Tj ET Q q 0 0 0 rg BT 391.62 208.90 Td (in ) Tj ET Q q 0 0 0 rg BT 400.02 208.90 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 425.73 208.90 Td (from ) Tj ET Q q 0 0 0 rg BT 443.45 208.90 Td (2012 ) Tj ET Q q 0 0 0 rg BT 461.62 208.90 Td (to ) Tj ET Q q 0 0 0 rg BT 470.02 208.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 490.19 208.90 Td (and ) Tj ET Q q 0 0 0 rg BT 503.91 208.90 Td (more ) Tj ET Q q 0 0 0 rg BT 522.51 208.90 Td (significantly ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 199.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 199.30 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 89.72 199.30 Td (where ) Tj ET Q q 0 0 0 rg BT 111.26 199.30 Td (the ) Tj ET Q q 0 0 0 rg BT 123.04 199.30 Td (distressed ) Tj ET Q q 0 0 0 rg BT 156.59 199.30 Td (banking ) Tj ET Q q 0 0 0 rg BT 184.36 199.30 Td (sector ) Tj ET Q q 0 0 0 rg BT 205.46 199.30 Td (has ) Tj ET Q q 0 0 0 rg BT 218.13 199.30 Td (led ) Tj ET Q q 0 0 0 rg BT 229.90 199.30 Td (to ) Tj ET Q q 0 0 0 rg BT 238.12 199.30 Td (a ) Tj ET Q q 0 0 0 rg BT 243.67 199.30 Td (rating ) Tj ET Q q 0 0 0 rg BT 264.33 199.30 Td (agency ) Tj ET Q q 0 0 0 rg BT 288.98 199.30 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 326.53 199.30 Td (of ) Tj ET Q q 0 0 0 rg BT 335.19 199.30 Td (its ) Tj ET Q q 0 0 0 rg BT 344.75 199.30 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 377.85 199.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 393.63 199.30 Td (since ) Tj ET Q q 0 0 0 rg BT 412.06 199.30 Td (our ) Tj ET Q q 0 0 0 rg BT 424.73 199.30 Td (last ) Tj ET Q q 0 0 0 rg BT 437.84 199.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 476.71 199.30 Td (test.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 183.70 Td (Upon ) Tj ET Q q 0 0 0 rg BT 68.97 183.70 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 105.32 183.70 Td (of ) Tj ET Q q 0 0 0 rg BT 113.67 183.70 Td (this ) Tj ET Q q 0 0 0 rg BT 126.92 183.70 Td (review) Tj ET Q q 0 0 0 rg BT 148.16 183.70 Td (, ) Tj ET Q q 0 0 0 rg BT 151.85 183.70 Td (we ) Tj ET Q q 0 0 0 rg BT 162.87 183.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 200.54 183.70 Td (that ) Tj ET Q q 0 0 0 rg BT 214.23 183.70 Td (a ) Tj ET Q q 0 0 0 rg BT 219.47 183.70 Td (char) Tj ET Q q 0 0 0 rg BT 233.09 183.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 242.33 183.70 Td (was ) Tj ET Q q 0 0 0 rg BT 256.46 183.70 Td (required ) Tj ET Q q 0 0 0 rg BT 284.80 183.70 Td (to ) Tj ET Q q 0 0 0 rg BT 292.72 183.70 Td (impair ) Tj ET Q q 0 0 0 rg BT 315.29 183.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 347.63 183.70 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 376.64 183.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 407.66 183.70 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 452.23 183.70 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 489.46 183.70 Td (and ) Tj ET Q q 0 0 0 rg BT 502.70 183.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 532.83 183.70 Td (in ) Tj ET Q q 0 0 0 rg BT 540.75 183.70 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 80.93 174.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 100.60 174.10 Td (as ) Tj ET Q q 0 0 0 rg BT 109.37 174.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 142.13 174.10 Td (below) Tj ET Q q 0 0 0 rg BT 161.16 174.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.12 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 179.67 174.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.88 174.10 Td (value ) Tj ET Q q 0 0 0 rg BT 212.31 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.08 174.10 Td (each ) Tj ET Q q 0 0 0 rg BT 237.84 174.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 269.27 174.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 283.83 174.10 Td (where ) Tj ET Q q 0 0 0 rg BT 305.48 174.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 336.03 174.10 Td (was ) Tj ET Q q 0 0 0 rg BT 350.58 174.10 Td (not ) Tj ET Q q 0 0 0 rg BT 362.91 174.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 393.46 174.10 Td (as ) Tj ET Q q 0 0 0 rg BT 402.23 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.00 174.10 Td (December ) Tj ET Q q 0 0 0 rg BT 445.98 174.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 458.08 174.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 476.19 174.10 Td (was ) Tj ET Q q 0 0 0 rg BT 490.74 174.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 533.29 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.62 174.10 Td (excess ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.00 164.50 Td (its ) Tj ET Q q 0 0 0 rg BT 67.40 164.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 95.90 164.50 Td (amount. ) Tj ET Q q 0 0 0 rg BT 123.73 164.50 Td (In ) Tj ET Q q 0 0 0 rg BT 132.24 164.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 169.18 164.50 Td (with ) Tj ET Q q 0 0 0 rg BT 185.24 164.50 Td (our ) Tj ET Q q 0 0 0 rg BT 197.75 164.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 215.59 164.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 245.87 164.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.59 164.50 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 314.21 164.50 Td (we ) Tj ET Q q 0 0 0 rg BT 325.38 164.50 Td (have ) Tj ET Q q 0 0 0 rg BT 342.32 164.50 Td (concluded ) Tj ET Q q 0 0 0 rg BT 377.03 164.50 Td (that ) Tj ET Q q 0 0 0 rg BT 390.87 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.49 164.50 Td (total ) Tj ET Q q 0 0 0 rg BT 418.54 164.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 451.04 164.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 463.98 164.50 Td (values ) Tj ET Q q 0 0 0 rg BT 486.26 164.50 Td (used ) Tj ET Q q 0 0 0 rg BT 502.77 164.50 Td (for ) Tj ET Q q 0 0 0 rg BT 513.94 164.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 544.22 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 552.72 164.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 154.90 Td (test ) Tj ET Q q 0 0 0 rg BT 62.60 154.90 Td (are ) Tj ET Q q 0 0 0 rg BT 74.36 154.90 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 110.55 154.90 Td (by ) Tj ET Q q 0 0 0 rg BT 120.55 154.90 Td (comparing ) Tj ET Q q 0 0 0 rg BT 156.75 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 168.52 154.90 Td (market ) Tj ET Q q 0 0 0 rg BT 192.72 154.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 237.80 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 246.46 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.22 154.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.32 154.90 Td (to ) Tj ET Q q 0 0 0 rg BT 299.54 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.30 154.90 Td (results ) Tj ET Q q 0 0 0 rg BT 334.18 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 342.84 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 354.61 154.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 391.26 154.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 407.46 154.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 427.23 154.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 455.00 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.66 154.90 Td (our ) Tj ET Q q 0 0 0 rg BT 476.31 154.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 507.63 154.90 Td (units, ) Tj ET Q q 0 0 0 rg BT 527.18 154.90 Td (as ) Tj ET Q q 0 0 0 rg BT 535.84 154.90 Td (adjusted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 145.30 Td (for ) Tj ET Q q 0 0 0 rg BT 60.83 145.30 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 99.70 145.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 131.90 145.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.57 145.30 Td (and ) Tj ET Q q 0 0 0 rg BT 166.12 145.30 Td (liabilities.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (57) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 723.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 723.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 99.05 723.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 137.93 723.50 Td (char) Tj ET Q q 0 0 0 rg BT 151.55 723.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 164.21 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 172.44 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 184.21 723.50 Td (following ) Tj ET Q q 0 0 0 rg BT 217.32 723.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 248.64 723.50 Td (units ) Tj ET Q q 0 0 0 rg BT 266.20 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 274.43 723.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 299.08 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 307.74 723.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 338.19 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 351.74 723.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 385.73 723.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 406.39 723.50 Td (during ) Tj ET Q q 0 0 0 rg BT 429.28 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 441.05 723.50 Td (year ) Tj ET Q q 0 0 0 rg BT 456.82 723.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 477.92 723.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 524.79 723.50 Td (2013:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 684.00 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 684.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 684.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 684.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 684.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.00 684.00 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 684.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 684.00 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 684.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 684.00 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 654.00 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.00 654.00 50.00 -15.00 re f 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3 M 293 684 m 343 684 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347 684 m 397 684 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 401 684 m 452 684 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456 684 m 506 684 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 654 m 562 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 654 m 343 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 640 m 343 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293 638 m 343 638 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 654 m 397 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 640 m 397 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 638 m 397 638 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 654 m 452 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 640 m 452 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 638 m 452 638 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 654 m 506 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 640 m 506 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 638 m 506 638 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 654 m 562 654 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 640 m 562 640 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 638 m 562 638 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.50 688.23 Td (Trademark) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.85 696.23 Td (Customer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.75 688.23 Td (relationship) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.05 704.23 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.85 696.23 Td (broadcast) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.70 688.23 Td (licenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.35 688.23 Td (Goodwill) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.00 688.23 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 673.25 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.50 673.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.75 673.25 Td (12,259) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 673.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.75 673.25 Td (23,608) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.50 673.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 673.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.50 673.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.75 673.25 Td (16,813) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.50 673.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 673.25 Td (52,680) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 658.25 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.80 658.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.80 658.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.80 658.25 Td (7,596) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.75 658.25 Td (19,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 658.25 Td (26,996) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.50 643.23 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.50 643.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 317.75 643.23 Td (12,259) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 643.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.75 643.23 Td (23,608) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.50 643.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.80 643.23 Td (7,596) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.50 643.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.75 643.23 Td (36,213) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.50 643.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.75 643.23 Td (79,676) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 620.90 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 81.28 620.90 Td (and ) Tj ET Q q 0 0 0 rg BT 95.28 620.90 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 130.02 620.90 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 605.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 605.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.07 605.30 Td (concluded ) Tj ET Q q 0 0 0 rg BT 97.05 605.30 Td (that ) Tj ET Q q 0 0 0 rg BT 111.16 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 123.04 605.30 Td (trademark ) Tj ET Q q 0 0 0 rg BT 157.57 605.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 187.66 605.30 Td (on ) Tj ET Q q 0 0 0 rg BT 197.77 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.65 605.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 246.87 605.30 Td (of ) Tj ET Q q 0 0 0 rg BT 255.64 605.30 Td (the ) Tj ET Q q 0 0 0 rg BT 267.52 605.30 Td (bTV) Tj ET Q q 0 0 0 rg BT 282.04 605.30 Td ( ) Tj ET Q q 0 0 0 rg BT 284.15 605.30 Td (group ) Tj ET Q q 0 0 0 rg BT 304.92 605.30 Td (in ) Tj ET Q q 0 0 0 rg BT 313.25 605.30 Td (2010 ) Tj ET Q q 0 0 0 rg BT 331.36 605.30 Td (was ) Tj ET Q q 0 0 0 rg BT 345.91 605.30 Td (further ) Tj ET Q q 0 0 0 rg BT 369.78 605.30 Td (impaired ) Tj ET Q q 0 0 0 rg BT 400.33 605.30 Td (during ) Tj ET Q q 0 0 0 rg BT 423.32 605.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 441.43 605.30 Td (due ) Tj ET Q q 0 0 0 rg BT 455.09 605.30 Td (to ) Tj ET Q q 0 0 0 rg BT 463.42 605.30 Td (declining ) Tj ET Q q 0 0 0 rg BT 495.30 605.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 525.84 605.30 Td (in ) Tj ET Q q 0 0 0 rg BT 534.17 605.30 Td (our ) Tj ET Q q 0 0 0 rg BT 546.94 605.30 Td (most ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 595.70 Td (recent ) Tj ET Q q 0 0 0 rg BT 70.81 595.70 Td (forecast ) Tj ET Q q 0 0 0 rg BT 97.90 595.70 Td (and ) Tj ET Q q 0 0 0 rg BT 111.22 595.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 140.98 595.70 Td (a ) Tj ET Q q 0 0 0 rg BT 146.30 595.70 Td (char) Tj ET Q q 0 0 0 rg BT 159.92 595.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 169.24 595.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.68 595.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.68 595.70 Td (12.3 ) Tj ET Q q 0 0 0 rg BT 209.45 595.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.57 595.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.34 595.70 Td (to ) Tj ET Q q 0 0 0 rg BT 242.33 595.70 Td (write ) Tj ET Q q 0 0 0 rg BT 260.54 595.70 Td (it ) Tj ET Q q 0 0 0 rg BT 266.76 595.70 Td (down ) Tj ET Q q 0 0 0 rg BT 286.31 595.70 Td (to ) Tj ET Q q 0 0 0 rg BT 294.31 595.70 Td (its ) Tj ET Q q 0 0 0 rg BT 303.64 595.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 336.07 595.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 348.94 595.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 369.91 595.70 Td (W) Tj ET Q q 0 0 0 rg BT 376.82 595.70 Td (e ) Tj ET Q q 0 0 0 rg BT 382.14 595.70 Td (also ) Tj ET Q q 0 0 0 rg BT 396.80 595.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 434.56 595.70 Td (that ) Tj ET Q q 0 0 0 rg BT 448.33 595.70 Td (the ) Tj ET Q q 0 0 0 rg BT 459.87 595.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 490.97 595.70 Td (relationship ) Tj ET Q q 0 0 0 rg BT 530.51 595.70 Td (intangible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 67.13 586.10 Td (was ) Tj ET Q q 0 0 0 rg BT 81.65 586.10 Td (no ) Tj ET Q q 0 0 0 rg BT 91.73 586.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 114.25 586.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 153.63 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.26 586.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 197.32 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.95 586.10 Td (char) Tj ET Q q 0 0 0 rg BT 216.57 586.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 226.20 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.94 586.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.25 586.10 Td (23.6 ) Tj ET Q q 0 0 0 rg BT 267.33 586.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.44 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.52 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.82 586.10 Td (write ) Tj ET Q q 0 0 0 rg BT 319.34 586.10 Td (it ) Tj ET Q q 0 0 0 rg BT 325.86 586.10 Td (down ) Tj ET Q q 0 0 0 rg BT 345.72 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.02 586.10 Td (its ) Tj ET Q q 0 0 0 rg BT 363.66 586.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 396.39 586.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 409.58 586.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 430.83 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 445.34 586.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 478.08 586.10 Td (license ) Tj ET Q q 0 0 0 rg BT 502.37 586.10 Td (was ) Tj ET Q q 0 0 0 rg BT 516.89 586.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 534.08 586.10 Td (impaired ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 576.50 Td (in ) Tj ET Q q 0 0 0 rg BT 57.35 576.50 Td (our ) Tj ET Q q 0 0 0 rg BT 69.64 576.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 87.26 576.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 125.77 576.50 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 154.81 576.50 Td (After ) Tj ET Q q 0 0 0 rg BT 173.31 576.50 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 204.27 576.50 Td (the ) Tj ET Q q 0 0 0 rg BT 215.67 576.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 246.62 576.50 Td (unit's ) Tj ET Q q 0 0 0 rg BT 265.25 576.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 293.53 576.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 319.15 576.50 Td (for ) Tj ET Q q 0 0 0 rg BT 330.10 576.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.50 576.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 380.01 576.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.30 576.50 Td (other ) Tj ET Q q 0 0 0 rg BT 406.36 576.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 439.98 576.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 462.27 576.50 Td (we ) Tj ET Q q 0 0 0 rg BT 473.22 576.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 510.83 576.50 Td (that ) Tj ET Q q 0 0 0 rg BT 524.46 576.50 Td (the ) Tj ET Q q 0 0 0 rg BT 535.85 576.50 Td (carrying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 566.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.24 566.90 Td (for ) Tj ET Q q 0 0 0 rg BT 86.32 566.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 116.51 566.90 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 148.01 566.90 Td (its ) Tj ET Q q 0 0 0 rg BT 157.32 566.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 183.51 566.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 196.35 566.90 Td (value ) Tj ET Q q 0 0 0 rg BT 215.43 566.90 Td (by ) Tj ET Q q 0 0 0 rg BT 225.17 566.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.15 566.90 Td (16.8 ) Tj ET Q q 0 0 0 rg BT 256.89 566.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.01 566.90 Td ( ) Tj ET Q q 0 0 0 rg BT 281.75 566.90 Td (and ) Tj ET Q q 0 0 0 rg BT 295.05 566.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 324.78 566.90 Td (this ) Tj ET Q q 0 0 0 rg BT 338.08 566.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 363.83 566.90 Td (as ) Tj ET Q q 0 0 0 rg BT 372.24 566.90 Td (an ) Tj ET Q q 0 0 0 rg BT 381.54 566.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 420.16 566.90 Td (of ) Tj ET Q q 0 0 0 rg BT 428.57 566.90 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 460.64 566.90 Td (W) Tj ET Q q 0 0 0 rg BT 467.55 566.90 Td (e ) Tj ET Q q 0 0 0 rg BT 472.85 566.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 510.58 566.90 Td (that ) Tj ET Q q 0 0 0 rg BT 524.32 566.90 Td (the ) Tj ET Q q 0 0 0 rg BT 535.84 566.90 Td (carrying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 557.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.85 557.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.86 557.30 Td (the ) Tj ET Q q 0 0 0 rg BT 96.99 557.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 114.89 557.30 Td (group ) Tj ET Q q 0 0 0 rg BT 135.90 557.30 Td (in ) Tj ET Q q 0 0 0 rg BT 144.47 557.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 174.37 557.30 Td (was ) Tj ET Q q 0 0 0 rg BT 189.16 557.30 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 228.82 557.30 Td (by ) Tj ET Q q 0 0 0 rg BT 239.17 557.30 Td (reference ) Tj ET Q q 0 0 0 rg BT 271.27 557.30 Td (to ) Tj ET Q q 0 0 0 rg BT 279.84 557.30 Td (the ) Tj ET Q q 0 0 0 rg BT 291.96 557.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.53 557.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 328.66 557.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 359.43 557.30 Td (to ) Tj ET Q q 0 0 0 rg BT 368.01 557.30 Td (be ) Tj ET Q q 0 0 0 rg BT 377.91 557.30 Td (generated, ) Tj ET Q q 0 0 0 rg BT 413.35 557.30 Td (and ) Tj ET Q q 0 0 0 rg BT 427.25 557.30 Td (therefore ) Tj ET Q q 0 0 0 rg BT 458.47 557.30 Td (no ) Tj ET Q q 0 0 0 rg BT 468.82 557.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 508.05 557.30 Td (was ) Tj ET Q q 0 0 0 rg BT 522.84 557.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 553.17 557.30 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 547.70 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 84.38 547.70 Td (assets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (In ) Tj ET Q q 0 0 0 rg BT 57.92 532.10 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 89.68 532.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.76 532.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 135.39 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.15 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.68 532.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 193.09 532.10 Td (license ) Tj ET Q q 0 0 0 rg BT 217.06 532.10 Td (was ) Tj ET Q q 0 0 0 rg BT 231.26 532.10 Td (no ) Tj ET Q q 0 0 0 rg BT 241.02 532.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 263.21 532.10 Td (recoverable, ) Tj ET Q q 0 0 0 rg BT 304.27 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.58 532.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 347.32 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.63 532.10 Td (char) Tj ET Q q 0 0 0 rg BT 366.25 532.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 375.56 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.98 532.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.96 532.10 Td (7.6 ) Tj ET Q q 0 0 0 rg BT 411.72 532.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.84 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.59 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.57 532.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 461.44 532.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 484.08 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.61 532.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 514.53 532.10 Td (After ) Tj ET Q q 0 0 0 rg BT 533.17 532.10 Td (adjusting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.04 522.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 89.45 522.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 115.21 522.50 Td (of ) Tj ET Q q 0 0 0 rg BT 123.63 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.17 522.50 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 164.93 522.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 196.01 522.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 210.22 522.50 Td (for ) Tj ET Q q 0 0 0 rg BT 221.31 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 232.84 522.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 271.48 522.50 Td (of ) Tj ET Q q 0 0 0 rg BT 279.91 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 291.45 522.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 323.86 522.50 Td (license, ) Tj ET Q q 0 0 0 rg BT 349.83 522.50 Td (we ) Tj ET Q q 0 0 0 rg BT 360.92 522.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 398.67 522.50 Td (that ) Tj ET Q q 0 0 0 rg BT 412.43 522.50 Td (the ) Tj ET Q q 0 0 0 rg BT 423.96 522.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 452.38 522.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 478.13 522.50 Td (for ) Tj ET Q q 0 0 0 rg BT 489.22 522.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 519.43 522.50 Td (was ) Tj ET Q q 0 0 0 rg BT 533.63 522.50 Td (in ) Tj ET Q q 0 0 0 rg BT 541.62 522.50 Td (excess ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 512.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.01 512.90 Td (its ) Tj ET Q q 0 0 0 rg BT 67.41 512.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 93.69 512.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.64 512.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 127.67 512.90 Td (W) Tj ET Q q 0 0 0 rg BT 134.58 512.90 Td (e ) Tj ET Q q 0 0 0 rg BT 139.97 512.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 169.80 512.90 Td (a ) Tj ET Q q 0 0 0 rg BT 175.19 512.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 205.48 512.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 244.20 512.90 Td (char) Tj ET Q q 0 0 0 rg BT 257.82 512.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 267.22 512.90 Td (of ) Tj ET Q q 0 0 0 rg BT 275.72 512.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.79 512.90 Td (19.4 ) Tj ET Q q 0 0 0 rg BT 307.63 512.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.75 512.90 Td ( ) Tj ET Q q 0 0 0 rg BT 332.59 512.90 Td (to ) Tj ET Q q 0 0 0 rg BT 340.66 512.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 357.61 512.90 Td (impair ) Tj ET Q q 0 0 0 rg BT 380.33 512.90 Td (the ) Tj ET Q q 0 0 0 rg BT 391.95 512.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 423.12 512.90 Td (unit's ) Tj ET Q q 0 0 0 rg BT 441.96 512.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 472.25 512.90 Td (balance. ) Tj ET Q q 0 0 0 rg BT 500.38 512.90 Td (W) Tj ET Q q 0 0 0 rg BT 507.29 512.90 Td (e ) Tj ET Q q 0 0 0 rg BT 512.69 512.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 550.51 512.90 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 503.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.35 503.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 78.98 503.30 Td (groups ) Tj ET Q q 0 0 0 rg BT 102.84 503.30 Td (in ) Tj ET Q q 0 0 0 rg BT 111.14 503.30 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 141.21 503.30 Td (were ) Tj ET Q q 0 0 0 rg BT 158.83 503.30 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 198.21 503.30 Td (by ) Tj ET Q q 0 0 0 rg BT 208.29 503.30 Td (reference ) Tj ET Q q 0 0 0 rg BT 240.12 503.30 Td (to ) Tj ET Q q 0 0 0 rg BT 248.42 503.30 Td (the ) Tj ET Q q 0 0 0 rg BT 260.27 503.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 290.77 503.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 307.07 503.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 326.92 503.30 Td (to ) Tj ET Q q 0 0 0 rg BT 335.22 503.30 Td (be ) Tj ET Q q 0 0 0 rg BT 344.85 503.30 Td (generated, ) Tj ET Q q 0 0 0 rg BT 380.02 503.30 Td (and ) Tj ET Q q 0 0 0 rg BT 393.65 503.30 Td (therefore ) Tj ET Q q 0 0 0 rg BT 424.59 503.30 Td (no ) Tj ET Q q 0 0 0 rg BT 434.67 503.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.63 503.30 Td (was ) Tj ET Q q 0 0 0 rg BT 488.15 503.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 518.21 503.30 Td (for ) Tj ET Q q 0 0 0 rg BT 529.61 503.30 Td (long-lived ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 493.70 Td (assets.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 88.83 475.10 Td (r) Tj ET Q q 0 0 0 rg BT 91.64 475.10 Td (eviews ) Tj ET Q q 0 0 0 rg BT 114.97 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.97 475.10 Td (char) Tj ET Q q 0 0 0 rg BT 143.34 475.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 156.00 475.10 Td (r) Tj ET Q q 0 0 0 rg BT 158.82 475.10 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 192.80 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.03 475.10 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 459.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 459.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.33 459.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 99.78 459.50 Td (that ) Tj ET Q q 0 0 0 rg BT 114.14 459.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 132.51 459.50 Td (would ) Tj ET Q q 0 0 0 rg BT 154.87 459.50 Td (be ) Tj ET Q q 0 0 0 rg BT 164.79 459.50 Td (a ) Tj ET Q q 0 0 0 rg BT 170.70 459.50 Td (challenging ) Tj ET Q q 0 0 0 rg BT 210.39 459.50 Td (year ) Tj ET Q q 0 0 0 rg BT 226.52 459.50 Td (for ) Tj ET Q q 0 0 0 rg BT 238.21 459.50 Td (the ) Tj ET Q q 0 0 0 rg BT 250.35 459.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 288.26 459.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 315.95 459.50 Td (in ) Tj ET Q q 0 0 0 rg BT 324.53 459.50 Td (the ) Tj ET Q q 0 0 0 rg BT 336.67 459.50 Td (territories ) Tj ET Q q 0 0 0 rg BT 370.13 459.50 Td (in ) Tj ET Q q 0 0 0 rg BT 378.72 459.50 Td (which ) Tj ET Q q 0 0 0 rg BT 400.63 459.50 Td (we ) Tj ET Q q 0 0 0 rg BT 412.33 459.50 Td (operate, ) Tj ET Q q 0 0 0 rg BT 440.23 459.50 Td (but ) Tj ET Q q 0 0 0 rg BT 452.82 459.50 Td (we ) Tj ET Q q 0 0 0 rg BT 464.51 459.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 495.30 459.50 Td (the ) Tj ET Q q 0 0 0 rg BT 507.44 459.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.79 459.50 Td (of ) Tj ET Q q 0 0 0 rg BT 530.82 459.50 Td (decline ) Tj ET Q q 0 0 0 rg BT 556.28 459.50 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 449.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 86.71 449.90 Td (spending ) Tj ET Q q 0 0 0 rg BT 117.25 449.90 Td (to ) Tj ET Q q 0 0 0 rg BT 125.13 449.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 148.11 449.90 Td (by ) Tj ET Q q 0 0 0 rg BT 157.77 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 169.20 449.90 Td (end ) Tj ET Q q 0 0 0 rg BT 182.41 449.90 Td (of ) Tj ET Q q 0 0 0 rg BT 190.73 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 202.17 449.90 Td (year ) Tj ET Q q 0 0 0 rg BT 217.59 449.90 Td (and ) Tj ET Q q 0 0 0 rg BT 230.80 449.90 Td (particularly ) Tj ET Q q 0 0 0 rg BT 269.33 449.90 Td (during ) Tj ET Q q 0 0 0 rg BT 291.88 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 303.31 449.90 Td (fourth ) Tj ET Q q 0 0 0 rg BT 324.52 449.90 Td (quarter) Tj ET Q q 0 0 0 rg BT 346.73 449.90 Td (. ) Tj ET Q q 0 0 0 rg BT 350.39 449.90 Td (During ) Tj ET Q q 0 0 0 rg BT 374.71 449.90 Td (2012, ) Tj ET Q q 0 0 0 rg BT 394.37 449.90 Td (the ) Tj ET Q q 0 0 0 rg BT 405.81 449.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 432.79 449.90 Td (for ) Tj ET Q q 0 0 0 rg BT 443.78 449.90 Td (television ) Tj ET Q q 0 0 0 rg BT 476.54 449.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 513.75 449.90 Td (declined ) Tj ET Q q 0 0 0 rg BT 542.50 449.90 Td (across ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 440.30 Td (our ) Tj ET Q q 0 0 0 rg BT 61.79 440.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 88.74 440.30 Td (and ) Tj ET Q q 0 0 0 rg BT 101.91 440.30 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 440.30 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 150.03 440.30 Td (recovery ) Tj ET Q q 0 0 0 rg BT 179.64 440.30 Td (in ) Tj ET Q q 0 0 0 rg BT 187.48 440.30 Td (the ) Tj ET Q q 0 0 0 rg BT 198.88 440.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 220.06 440.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 244.34 440.30 Td (of ) Tj ET Q q 0 0 0 rg BT 252.63 440.30 Td (2012 ) Tj ET Q q 0 0 0 rg BT 270.25 440.30 Td (did ) Tj ET Q q 0 0 0 rg BT 282.10 440.30 Td (not ) Tj ET Q q 0 0 0 rg BT 293.95 440.30 Td (occur ) Tj ET Q q 0 0 0 rg BT 313.34 440.30 Td (because ) Tj ET Q q 0 0 0 rg BT 340.28 440.30 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 376.55 440.30 Td (did ) Tj ET Q q 0 0 0 rg BT 388.40 440.30 Td (not ) Tj ET Q q 0 0 0 rg BT 400.25 440.30 Td (honor ) Tj ET Q q 0 0 0 rg BT 420.54 440.30 Td (previous ) Tj ET Q q 0 0 0 rg BT 449.71 440.30 Td (spending ) Tj ET Q q 0 0 0 rg BT 480.23 440.30 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 527.04 440.30 Td (As ) Tj ET Q q 0 0 0 rg BT 537.56 440.30 Td (a ) Tj ET Q q 0 0 0 rg BT 542.74 440.30 Td (result, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 430.70 Td (our ) Tj ET Q q 0 0 0 rg BT 62.04 430.70 Td (outlook ) Tj ET Q q 0 0 0 rg BT 88.36 430.70 Td (for ) Tj ET Q q 0 0 0 rg BT 99.57 430.70 Td (future ) Tj ET Q q 0 0 0 rg BT 120.55 430.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 145.97 430.70 Td (was ) Tj ET Q q 0 0 0 rg BT 160.29 430.70 Td (less ) Tj ET Q q 0 0 0 rg BT 174.17 430.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 197.81 430.70 Td (and ) Tj ET Q q 0 0 0 rg BT 211.24 430.70 Td (we ) Tj ET Q q 0 0 0 rg BT 222.44 430.70 Td (made ) Tj ET Q q 0 0 0 rg BT 241.64 430.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 277.29 430.70 Td (downward ) Tj ET Q q 0 0 0 rg BT 312.94 430.70 Td (revisions ) Tj ET Q q 0 0 0 rg BT 343.70 430.70 Td (in ) Tj ET Q q 0 0 0 rg BT 351.80 430.70 Td (our ) Tj ET Q q 0 0 0 rg BT 364.34 430.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 395.99 430.70 Td (of ) Tj ET Q q 0 0 0 rg BT 404.53 430.70 Td (the ) Tj ET Q q 0 0 0 rg BT 416.18 430.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.27 430.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 451.92 430.70 Td (that ) Tj ET Q q 0 0 0 rg BT 465.80 430.70 Td (our ) Tj ET Q q 0 0 0 rg BT 478.34 430.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 513.54 430.70 Td (would ) Tj ET Q q 0 0 0 rg BT 535.42 430.70 Td (generate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 421.10 Td (future ) Tj ET Q q 0 0 0 rg BT 78.82 421.10 Td (periods.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 405.50 Td (Upon ) Tj ET Q q 0 0 0 rg BT 69.96 405.50 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 107.30 405.50 Td (of ) Tj ET Q q 0 0 0 rg BT 116.64 405.50 Td (our ) Tj ET Q q 0 0 0 rg BT 129.98 405.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 148.66 405.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 188.22 405.50 Td (review) Tj ET Q q 0 0 0 rg BT 209.47 405.50 Td (, ) Tj ET Q q 0 0 0 rg BT 214.15 405.50 Td (we ) Tj ET Q q 0 0 0 rg BT 226.16 405.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 264.82 405.50 Td (that ) Tj ET Q q 0 0 0 rg BT 279.50 405.50 Td (a ) Tj ET Q q 0 0 0 rg BT 285.73 405.50 Td (char) Tj ET Q q 0 0 0 rg BT 299.35 405.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 309.58 405.50 Td (was ) Tj ET Q q 0 0 0 rg BT 324.70 405.50 Td (required ) Tj ET Q q 0 0 0 rg BT 354.03 405.50 Td (to ) Tj ET Q q 0 0 0 rg BT 362.93 405.50 Td (impair ) Tj ET Q q 0 0 0 rg BT 386.50 405.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 410.94 405.50 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 446.50 405.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 469.84 405.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 503.18 405.50 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 533.18 405.50 Td (customer ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 395.90 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 94.26 395.90 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 131.68 395.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.12 395.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 175.44 395.90 Td (in ) Tj ET Q q 0 0 0 rg BT 183.54 395.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 207.19 395.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 238.39 395.90 Td (units, ) Tj ET Q q 0 0 0 rg BT 257.83 395.90 Td (as ) Tj ET Q q 0 0 0 rg BT 266.38 395.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 298.91 395.90 Td (below) Tj ET Q q 0 0 0 rg BT 317.94 395.90 Td (. ) Tj ET Q q 0 0 0 rg BT 321.69 395.90 Td (The ) Tj ET Q q 0 0 0 rg BT 336.00 395.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 348.99 395.90 Td (value ) Tj ET Q q 0 0 0 rg BT 368.19 395.90 Td (of ) Tj ET Q q 0 0 0 rg BT 376.74 395.90 Td (each ) Tj ET Q q 0 0 0 rg BT 393.27 395.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 424.48 395.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 438.80 395.90 Td (where ) Tj ET Q q 0 0 0 rg BT 460.23 395.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 490.55 395.90 Td (was ) Tj ET Q q 0 0 0 rg BT 504.87 395.90 Td (not ) Tj ET Q q 0 0 0 rg BT 516.98 395.90 Td (impaired ) Tj ET Q q 0 0 0 rg BT 547.29 395.90 Td (as ) Tj ET Q q 0 0 0 rg BT 555.84 395.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 386.30 Td (December ) Tj ET Q q 0 0 0 rg BT 84.40 386.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.43 386.30 Td (2012 ) Tj ET Q q 0 0 0 rg BT 114.46 386.30 Td (was ) Tj ET Q q 0 0 0 rg BT 128.93 386.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 171.41 386.30 Td (in ) Tj ET Q q 0 0 0 rg BT 179.66 386.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 202.57 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 211.27 386.30 Td (its ) Tj ET Q q 0 0 0 rg BT 220.86 386.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 249.54 386.30 Td (amount, ) Tj ET Q q 0 0 0 rg BT 277.57 386.30 Td (after ) Tj ET Q q 0 0 0 rg BT 294.25 386.30 Td (considering ) Tj ET Q q 0 0 0 rg BT 333.61 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 345.41 386.30 Td (impairments ) Tj ET Q q 0 0 0 rg BT 387.43 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 396.13 386.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 430.15 386.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 450.85 386.30 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 482.86 386.30 Td (with ) Tj ET Q q 0 0 0 rg BT 499.11 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 510.92 386.30 Td (exception ) Tj ET Q q 0 0 0 rg BT 544.05 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 552.74 386.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 376.70 Td (former ) Tj ET Q q 0 0 0 rg BT 73.48 376.70 Td (MPE ) Tj ET Q q 0 0 0 rg BT 92.14 376.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 131.24 376.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 162.78 376.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 177.44 376.70 Td (where ) Tj ET Q q 0 0 0 rg BT 199.20 376.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.18 376.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 224.50 376.70 Td (value ) Tj ET Q q 0 0 0 rg BT 244.03 376.70 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.69 376.70 Td (4.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.35 376.70 Td ( ) Tj ET Q q 0 0 0 rg BT 277.56 376.70 Td (more ) Tj ET Q q 0 0 0 rg BT 296.21 376.70 Td (than ) Tj ET Q q 0 0 0 rg BT 312.20 376.70 Td (its ) Tj ET Q q 0 0 0 rg BT 321.97 376.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 344.18 376.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 373.05 376.70 Td (amount. ) Tj ET Q q 0 0 0 rg BT 401.26 376.70 Td (In ) Tj ET Q q 0 0 0 rg BT 410.13 376.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 447.44 376.70 Td (with ) Tj ET Q q 0 0 0 rg BT 463.88 376.70 Td (our ) Tj ET Q q 0 0 0 rg BT 476.76 376.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 494.97 376.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 525.63 376.70 Td (impairment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 79.37 367.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.79 367.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 125.76 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 139.86 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.72 367.10 Td (total ) Tj ET Q q 0 0 0 rg BT 168.04 367.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 200.79 367.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 213.99 367.10 Td (values ) Tj ET Q q 0 0 0 rg BT 236.52 367.10 Td (used ) Tj ET Q q 0 0 0 rg BT 253.28 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 264.71 367.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 295.24 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.00 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.87 367.10 Td (test ) Tj ET Q q 0 0 0 rg BT 329.08 367.10 Td (were ) Tj ET Q q 0 0 0 rg BT 346.71 367.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 383.01 367.10 Td (by ) Tj ET Q q 0 0 0 rg BT 393.11 367.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 429.42 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.29 367.10 Td (market ) Tj ET Q q 0 0 0 rg BT 465.59 367.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 510.78 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.54 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.41 367.10 Td (Company ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 357.50 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 357.50 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 357.50 Td (results ) Tj ET Q q 0 0 0 rg BT 92.38 357.50 Td (of ) Tj ET Q q 0 0 0 rg BT 101.05 357.50 Td (the ) Tj ET Q q 0 0 0 rg BT 112.82 357.50 Td (discounted ) Tj ET Q q 0 0 0 rg BT 149.48 357.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 165.70 357.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 185.47 357.50 Td (analysis ) Tj ET Q q 0 0 0 rg BT 213.25 357.50 Td (of ) Tj ET Q q 0 0 0 rg BT 221.91 357.50 Td (our ) Tj ET Q q 0 0 0 rg BT 234.57 357.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 265.90 357.50 Td (units, ) Tj ET Q q 0 0 0 rg BT 285.46 357.50 Td (as ) Tj ET Q q 0 0 0 rg BT 294.12 357.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 322.78 357.50 Td (for ) Tj ET Q q 0 0 0 rg BT 334.11 357.50 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 372.98 357.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 405.18 357.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.85 357.50 Td (and ) Tj ET Q q 0 0 0 rg BT 439.40 357.50 Td (liabilities.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 341.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 341.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.49 341.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 98.12 341.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 136.53 341.90 Td (char) Tj ET Q q 0 0 0 rg BT 150.15 341.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 162.35 341.90 Td (in ) Tj ET Q q 0 0 0 rg BT 170.10 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 181.41 341.90 Td (following ) Tj ET Q q 0 0 0 rg BT 214.05 341.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 244.91 341.90 Td (units ) Tj ET Q q 0 0 0 rg BT 262.00 341.90 Td (in ) Tj ET Q q 0 0 0 rg BT 269.76 341.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 293.94 341.90 Td (of ) Tj ET Q q 0 0 0 rg BT 302.14 341.90 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 334.12 341.90 Td (tangible ) Tj ET Q q 0 0 0 rg BT 361.42 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 374.51 341.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 408.03 341.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 428.23 341.90 Td (during ) Tj ET Q q 0 0 0 rg BT 450.65 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 461.96 341.90 Td (year ) Tj ET Q q 0 0 0 rg BT 477.25 341.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 497.89 341.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 544.29 341.90 Td (2012:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 302.40 115.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.00 302.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 302.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 302.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 302.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 302.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 302.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 302.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 302.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 302.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 302.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 302.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 276.40 115.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.00 276.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 276.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 276.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 276.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 276.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 276.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 276.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 276.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 276.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 276.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 276.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 250.40 115.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 164.00 250.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.00 250.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 250.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.00 250.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 250.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.00 250.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 250.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 250.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 250.40 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 250.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 250.40 63.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 164 302.4 m 227 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231 302.4 m 294 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 298 302.4 m 361 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365 302.4 m 428 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432 302.4 m 495 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 302.4 m 562 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 164 302.4 m 227 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 231 302.4 m 294 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 298 302.4 m 361 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365 302.4 m 428 302.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432 302.4 m 495 302.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164 250.39999999999998 m 227 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164 238.39999999999998 m 227 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164 236.39999999999998 m 227 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 250.39999999999998 m 294 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 238.39999999999998 m 294 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 236.39999999999998 m 294 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 250.39999999999998 m 361 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 238.39999999999998 m 361 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 236.39999999999998 m 361 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 250.39999999999998 m 428 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 238.39999999999998 m 428 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 236.39999999999998 m 428 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 250.39999999999998 m 495 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 238.39999999999998 m 495 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 236.39999999999998 m 495 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 250.39999999999998 m 562 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 238.39999999999998 m 562 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 236.39999999999998 m 562 236.39999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 186.60 314.63 Td (Long-lived) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 203.90 306.63 Td (assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.50 306.63 Td (Trademark) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 323.85 314.63 Td (Customer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 316.75 306.63 Td (relationship) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.05 322.63 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.85 314.63 Td (broadcast) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.70 306.63 Td (licenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.35 306.63 Td (Goodwill) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.00 306.63 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 293.65 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.80 293.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.80 293.65 Td (7,171) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.80 293.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 293.65 Td (147,822) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.80 293.65 Td (10,366) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.50 293.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 293.65 Td (165,359) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 280.65 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.80 280.65 Td (6,846) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.80 280.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.80 280.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.80 280.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 280.65 Td (287,545) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 280.65 Td (294,391) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 267.65 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.80 267.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.80 267.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.80 267.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 267.65 Td (26,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.80 267.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 267.65 Td (26,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 254.65 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.80 254.65 Td (1,866) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.80 254.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.80 254.65 Td (28,066) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.80 254.65 Td (5,901) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.80 254.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 254.65 Td (35,833) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.50 241.63 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 166.50 241.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 205.80 241.63 Td (8,712) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 233.50 241.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.80 241.63 Td (7,171) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.50 241.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.80 241.63 Td (28,066) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.50 241.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.80 241.63 Td (180,630) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.50 241.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.80 241.63 Td (297,911) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.50 241.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 241.63 Td (522,490) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 219.30 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 86.02 219.30 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 203.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 203.70 Td (e ) Tj ET Q q 0 0 0 rg BT 61.55 203.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 91.12 203.70 Td (a ) Tj ET Q q 0 0 0 rg BT 96.26 203.70 Td (total ) Tj ET Q q 0 0 0 rg BT 112.07 203.70 Td (of ) Tj ET Q q 0 0 0 rg BT 120.32 203.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.14 203.70 Td (8.7 ) Tj ET Q q 0 0 0 rg BT 147.73 203.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 170.84 203.70 Td ( ) Tj ET Q q 0 0 0 rg BT 172.43 203.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.69 203.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 219.16 203.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 239.86 203.70 Td (related ) Tj ET Q q 0 0 0 rg BT 263.21 203.70 Td (to ) Tj ET Q q 0 0 0 rg BT 271.02 203.70 Td (a ) Tj ET Q q 0 0 0 rg BT 276.16 203.70 Td (construction ) Tj ET Q q 0 0 0 rg BT 317.30 203.70 Td (project ) Tj ET Q q 0 0 0 rg BT 341.10 203.70 Td (and ) Tj ET Q q 0 0 0 rg BT 354.24 203.70 Td (land ) Tj ET Q q 0 0 0 rg BT 369.61 203.70 Td (for ) Tj ET Q q 0 0 0 rg BT 380.52 203.70 Td (development ) Tj ET Q q 0 0 0 rg BT 423.43 203.70 Td (in ) Tj ET Q q 0 0 0 rg BT 431.25 203.70 Td (the ) Tj ET Q q 0 0 0 rg BT 442.61 203.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 464.19 203.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 494.66 203.70 Td (and ) Tj ET Q q 0 0 0 rg BT 507.80 203.70 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 531.61 203.70 Td (Republic, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 87.63 194.10 Td (. ) Tj ET Q q 0 0 0 rg BT 91.68 194.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 106.16 194.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 125.10 194.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.37 194.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 164.73 194.10 Td (these ) Tj ET Q q 0 0 0 rg BT 183.22 194.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 229.70 194.10 Td (were ) Tj ET Q q 0 0 0 rg BT 247.29 194.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.56 194.10 Td (included ) Tj ET Q q 0 0 0 rg BT 289.15 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.42 194.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.13 194.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 343.73 194.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 374.20 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.80 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.62 194.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 428.32 194.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 457.48 194.10 Td (were ) Tj ET Q q 0 0 0 rg BT 475.07 194.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 505.98 194.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 544.01 194.10 Td (not ) Tj ET Q q 0 0 0 rg BT 556.28 194.10 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 184.50 Td (be ) Tj ET Q q 0 0 0 rg BT 58.84 184.50 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 99.54 184.50 Td (As ) Tj ET Q q 0 0 0 rg BT 110.22 184.50 Td (a ) Tj ET Q q 0 0 0 rg BT 115.56 184.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 137.12 184.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.68 184.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 177.12 184.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 206.02 184.50 Td (were ) Tj ET Q q 0 0 0 rg BT 223.35 184.50 Td (impaired ) Tj ET Q q 0 0 0 rg BT 253.58 184.50 Td (to ) Tj ET Q q 0 0 0 rg BT 261.59 184.50 Td (their ) Tj ET Q q 0 0 0 rg BT 278.04 184.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.93 184.50 Td (value ) Tj ET Q q 0 0 0 rg BT 310.04 184.50 Td (using ) Tj ET Q q 0 0 0 rg BT 329.17 184.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 364.73 184.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 384.73 184.50 Td (2 ) Tj ET Q q 0 0 0 rg BT 390.52 184.50 Td (inputs ) Tj ET Q q 0 0 0 rg BT 411.86 184.50 Td (as ) Tj ET Q q 0 0 0 rg BT 420.32 184.50 Td (described ) Tj ET Q q 0 0 0 rg BT 452.76 184.50 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.77 184.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 478.11 184.50 Td (14, ) Tj ET Q q 0 0 0 rg BT 489.90 184.50 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 524.72 184.50 Td (Instruments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 174.90 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 174.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 77.79 174.90 Td (V) Tj ET Q q 0 0 0 rg BT 82.68 174.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 98.01 174.90 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 147.93 174.90 Td (, ) Tj ET Q q 0 0 0 rg BT 151.93 174.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 184.58 174.90 Td (as ) Tj ET Q q 0 0 0 rg BT 193.25 174.90 Td (replacement ) Tj ET Q q 0 0 0 rg BT 234.33 174.90 Td (cost.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 156.30 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 81.28 156.30 Td (and ) Tj ET Q q 0 0 0 rg BT 95.28 156.30 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 130.02 156.30 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 140.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 140.70 Td (e ) Tj ET Q q 0 0 0 rg BT 62.31 140.70 Td (concluded ) Tj ET Q q 0 0 0 rg BT 97.53 140.70 Td (that ) Tj ET Q q 0 0 0 rg BT 111.87 140.70 Td (the ) Tj ET Q q 0 0 0 rg BT 123.99 140.70 Td (trademark ) Tj ET Q q 0 0 0 rg BT 158.76 140.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 189.09 140.70 Td (on ) Tj ET Q q 0 0 0 rg BT 199.43 140.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.55 140.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 249.00 140.70 Td (of ) Tj ET Q q 0 0 0 rg BT 258.01 140.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.13 140.70 Td (bTV) Tj ET Q q 0 0 0 rg BT 284.65 140.70 Td ( ) Tj ET Q q 0 0 0 rg BT 287.00 140.70 Td (group ) Tj ET Q q 0 0 0 rg BT 308.01 140.70 Td (was ) Tj ET Q q 0 0 0 rg BT 322.79 140.70 Td (further ) Tj ET Q q 0 0 0 rg BT 346.90 140.70 Td (impaired ) Tj ET Q q 0 0 0 rg BT 377.68 140.70 Td (during ) Tj ET Q q 0 0 0 rg BT 400.92 140.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 419.26 140.70 Td (and ) Tj ET Q q 0 0 0 rg BT 433.16 140.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 463.48 140.70 Td (a ) Tj ET Q q 0 0 0 rg BT 469.38 140.70 Td (char) Tj ET Q q 0 0 0 rg BT 483.00 140.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 492.90 140.70 Td (of ) Tj ET Q q 0 0 0 rg BT 501.91 140.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.48 140.70 Td (7.2 ) Tj ET Q q 0 0 0 rg BT 530.83 140.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.94 140.70 Td ( ) Tj ET Q q 0 0 0 rg BT 556.29 140.70 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (write ) Tj ET Q q 0 0 0 rg BT 67.97 131.10 Td (it ) Tj ET Q q 0 0 0 rg BT 74.45 131.10 Td (down ) Tj ET Q q 0 0 0 rg BT 94.26 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.52 131.10 Td (its ) Tj ET Q q 0 0 0 rg BT 112.11 131.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.80 131.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 157.93 131.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 179.14 131.10 Td (W) Tj ET Q q 0 0 0 rg BT 186.05 131.10 Td (e ) Tj ET Q q 0 0 0 rg BT 191.64 131.10 Td (also ) Tj ET Q q 0 0 0 rg BT 206.56 131.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 244.57 131.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.60 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.41 131.10 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 303.10 131.10 Td (license ) Tj ET Q q 0 0 0 rg BT 327.34 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.60 131.10 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 365.18 131.10 Td (was ) Tj ET Q q 0 0 0 rg BT 379.65 131.10 Td (no ) Tj ET Q q 0 0 0 rg BT 389.68 131.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 412.15 131.10 Td (recoverable, ) Tj ET Q q 0 0 0 rg BT 453.49 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.08 131.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 484.22 131.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 514.69 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.49 131.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 545.63 131.10 Td (After ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 121.50 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 80.12 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 91.18 121.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 121.79 121.50 Td (unit's ) Tj ET Q q 0 0 0 rg BT 140.08 121.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 168.02 121.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.31 121.50 Td (for ) Tj ET Q q 0 0 0 rg BT 203.92 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 214.98 121.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 253.15 121.50 Td (of ) Tj ET Q q 0 0 0 rg BT 261.10 121.50 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 311.71 121.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 344.99 121.50 Td (assets, ) Tj ET Q q 0 0 0 rg BT 366.94 121.50 Td (we ) Tj ET Q q 0 0 0 rg BT 377.56 121.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 414.83 121.50 Td (that ) Tj ET Q q 0 0 0 rg BT 428.11 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 439.17 121.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 467.12 121.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 492.40 121.50 Td (for ) Tj ET Q q 0 0 0 rg BT 503.02 121.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 532.75 121.50 Td (exceeded ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 111.90 Td (its ) Tj ET Q q 0 0 0 rg BT 59.07 111.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 85.53 111.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 98.64 111.90 Td (value ) Tj ET Q q 0 0 0 rg BT 117.98 111.90 Td (by ) Tj ET Q q 0 0 0 rg BT 127.99 111.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.23 111.90 Td (10.4 ) Tj ET Q q 0 0 0 rg BT 160.25 111.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.36 111.90 Td ( ) Tj ET Q q 0 0 0 rg BT 185.38 111.90 Td (and ) Tj ET Q q 0 0 0 rg BT 198.94 111.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.93 111.90 Td (this ) Tj ET Q q 0 0 0 rg BT 242.51 111.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.52 111.90 Td (as ) Tj ET Q q 0 0 0 rg BT 277.19 111.90 Td (an ) Tj ET Q q 0 0 0 rg BT 286.76 111.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 325.65 111.90 Td (of ) Tj ET Q q 0 0 0 rg BT 334.33 111.90 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 366.64 111.90 Td (W) Tj ET Q q 0 0 0 rg BT 373.55 111.90 Td (e ) Tj ET Q q 0 0 0 rg BT 379.12 111.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 417.11 111.90 Td (that ) Tj ET Q q 0 0 0 rg BT 431.12 111.90 Td (the ) Tj ET Q q 0 0 0 rg BT 442.91 111.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 471.58 111.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 497.59 111.90 Td (of ) Tj ET Q q 0 0 0 rg BT 506.26 111.90 Td (the ) Tj ET Q q 0 0 0 rg BT 518.05 111.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 535.62 111.90 Td (group ) Tj ET Q q 0 0 0 rg BT 556.29 111.90 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 102.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 79.05 102.30 Td (was ) Tj ET Q q 0 0 0 rg BT 93.49 102.30 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 132.79 102.30 Td (by ) Tj ET Q q 0 0 0 rg BT 142.79 102.30 Td (reference ) Tj ET Q q 0 0 0 rg BT 174.54 102.30 Td (to ) Tj ET Q q 0 0 0 rg BT 182.76 102.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.54 102.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 224.96 102.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.18 102.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 260.95 102.30 Td (to ) Tj ET Q q 0 0 0 rg BT 269.18 102.30 Td (be ) Tj ET Q q 0 0 0 rg BT 278.73 102.30 Td (generated, ) Tj ET Q q 0 0 0 rg BT 313.82 102.30 Td (and ) Tj ET Q q 0 0 0 rg BT 327.37 102.30 Td (therefore ) Tj ET Q q 0 0 0 rg BT 358.23 102.30 Td (no ) Tj ET Q q 0 0 0 rg BT 368.23 102.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 407.11 102.30 Td (was ) Tj ET Q q 0 0 0 rg BT 421.55 102.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 451.54 102.30 Td (for ) Tj ET Q q 0 0 0 rg BT 462.86 102.30 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 497.75 102.30 Td (assets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 86.70 Td (Similarly) Tj ET Q q 0 0 0 rg BT 78.76 86.70 Td (, ) Tj ET Q q 0 0 0 rg BT 82.76 86.70 Td (we ) Tj ET Q q 0 0 0 rg BT 94.10 86.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 132.09 86.70 Td (that ) Tj ET Q q 0 0 0 rg BT 146.09 86.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.87 86.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 175.43 86.70 Td (groups ) Tj ET Q q 0 0 0 rg BT 199.22 86.70 Td (in ) Tj ET Q q 0 0 0 rg BT 207.45 86.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.23 86.70 Td (Czech ) Tj ET Q q 0 0 0 rg BT 241.22 86.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 272.11 86.70 Td (were ) Tj ET Q q 0 0 0 rg BT 289.66 86.70 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 328.97 86.70 Td (by ) Tj ET Q q 0 0 0 rg BT 338.98 86.70 Td (reference ) Tj ET Q q 0 0 0 rg BT 370.73 86.70 Td (to ) Tj ET Q q 0 0 0 rg BT 378.96 86.70 Td (the ) Tj ET Q q 0 0 0 rg BT 390.74 86.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 421.17 86.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 437.40 86.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 457.18 86.70 Td (to ) Tj ET Q q 0 0 0 rg BT 465.41 86.70 Td (be ) Tj ET Q q 0 0 0 rg BT 474.97 86.70 Td (generated, ) Tj ET Q q 0 0 0 rg BT 510.06 86.70 Td (and ) Tj ET Q q 0 0 0 rg BT 523.62 86.70 Td (therefore ) Tj ET Q q 0 0 0 rg BT 554.50 86.70 Td (no ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 88.50 77.10 Td (was ) Tj ET Q q 0 0 0 rg BT 103.06 77.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 133.16 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 144.60 77.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 179.60 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 188.38 77.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 222.50 77.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 245.28 77.10 Td (except ) Tj ET Q q 0 0 0 rg BT 268.27 77.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.05 77.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 296.94 77.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 320.16 77.10 Td (However) Tj ET Q q 0 0 0 rg BT 349.16 77.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.28 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 364.73 77.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 402.83 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 416.95 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.84 77.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 457.61 77.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 483.72 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.50 77.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 523.07 77.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 554.94 77.10 Td (its ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 67.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 75.94 67.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.04 67.50 Td (value ) Tj ET Q q 0 0 0 rg BT 108.37 67.50 Td (by ) Tj ET Q q 0 0 0 rg BT 118.37 67.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.59 67.50 Td (287.5 ) Tj ET Q q 0 0 0 rg BT 154.59 67.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.71 67.50 Td ( ) Tj ET Q q 0 0 0 rg BT 179.71 67.50 Td (and ) Tj ET Q q 0 0 0 rg BT 193.26 67.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 223.24 67.50 Td (this ) Tj ET Q q 0 0 0 rg BT 236.80 67.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 262.79 67.50 Td (as ) Tj ET Q q 0 0 0 rg BT 271.46 67.50 Td (an ) Tj ET Q q 0 0 0 rg BT 281.01 67.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 319.89 67.50 Td (of ) Tj ET Q q 0 0 0 rg BT 328.55 67.50 Td (goodwill.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (58) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (Lastly) Tj ET Q q 0 0 0 rg BT 68.98 723.50 Td (, ) Tj ET Q q 0 0 0 rg BT 73.27 723.50 Td (we ) Tj ET Q q 0 0 0 rg BT 84.89 723.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 123.16 723.50 Td (that ) Tj ET Q q 0 0 0 rg BT 137.45 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 149.51 723.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 181.13 723.50 Td (relationship ) Tj ET Q q 0 0 0 rg BT 221.19 723.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 255.47 723.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 273.31 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 281.83 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 293.89 723.50 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 318.41 723.50 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 351.58 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 360.54 723.50 Td (well ) Tj ET Q q 0 0 0 rg BT 376.60 723.50 Td (as ) Tj ET Q q 0 0 0 rg BT 385.55 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 397.62 723.50 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 430.56 723.50 Td (licenses ) Tj ET Q q 0 0 0 rg BT 458.18 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 466.69 723.50 Td (both ) Tj ET Q q 0 0 0 rg BT 483.21 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 495.27 723.50 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 519.78 723.50 Td (Republic ) Tj ET Q q 0 0 0 rg BT 550.96 723.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 82.35 713.90 Td (were ) Tj ET Q q 0 0 0 rg BT 99.86 713.90 Td (not ) Tj ET Q q 0 0 0 rg BT 112.04 713.90 Td (recoverable, ) Tj ET Q q 0 0 0 rg BT 153.31 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 166.83 713.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 183.90 713.90 Td (impaired ) Tj ET Q q 0 0 0 rg BT 214.30 713.90 Td (these ) Tj ET Q q 0 0 0 rg BT 232.70 713.90 Td (assets. ) Tj ET Q q 0 0 0 rg BT 254.90 713.90 Td (After ) Tj ET Q q 0 0 0 rg BT 273.74 713.90 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 305.04 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.78 713.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 345.39 713.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 371.36 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 379.98 713.90 Td (each ) Tj ET Q q 0 0 0 rg BT 396.60 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 405.23 713.90 Td (these ) Tj ET Q q 0 0 0 rg BT 423.63 713.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 454.92 713.90 Td (units ) Tj ET Q q 0 0 0 rg BT 472.45 713.90 Td (for ) Tj ET Q q 0 0 0 rg BT 483.74 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 495.48 713.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 534.32 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 542.95 713.90 Td (finite-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (lived ) Tj ET Q q 0 0 0 rg BT 67.57 704.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 101.63 704.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 124.37 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 704.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 166.29 704.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 195.01 704.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 224.20 704.30 Td (were ) Tj ET Q q 0 0 0 rg BT 241.81 704.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 284.33 704.30 Td (in ) Tj ET Q q 0 0 0 rg BT 292.62 704.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 315.58 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 324.31 704.30 Td (their ) Tj ET Q q 0 0 0 rg BT 341.05 704.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 373.78 704.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 386.95 704.30 Td (values, ) Tj ET Q q 0 0 0 rg BT 411.46 704.30 Td (and ) Tj ET Q q 0 0 0 rg BT 425.08 704.30 Td (therefore ) Tj ET Q q 0 0 0 rg BT 456.03 704.30 Td (we ) Tj ET Q q 0 0 0 rg BT 467.43 704.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 505.48 704.30 Td (that ) Tj ET Q q 0 0 0 rg BT 519.55 704.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 550.07 704.30 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (not ) Tj ET Q q 0 0 0 rg BT 61.72 694.70 Td (impaired.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 676.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 88.83 676.10 Td (r) Tj ET Q q 0 0 0 rg BT 91.64 676.10 Td (eviews ) Tj ET Q q 0 0 0 rg BT 114.97 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.97 676.10 Td (char) Tj ET Q q 0 0 0 rg BT 143.34 676.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 156.00 676.10 Td (r) Tj ET Q q 0 0 0 rg BT 158.82 676.10 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 192.80 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.03 676.10 Td (201) Tj ET Q q 0 0 0 rg BT 212.43 676.10 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 660.50 Td (When ) Tj ET Q q 0 0 0 rg BT 70.76 660.50 Td (performing ) Tj ET Q q 0 0 0 rg BT 108.91 660.50 Td (our ) Tj ET Q q 0 0 0 rg BT 121.73 660.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 145.22 660.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 184.26 660.50 Td (reviews ) Tj ET Q q 0 0 0 rg BT 211.30 660.50 Td (as ) Tj ET Q q 0 0 0 rg BT 220.12 660.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.95 660.50 Td (December ) Tj ET Q q 0 0 0 rg BT 263.97 660.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 276.13 660.50 Td (201) Tj ET Q q 0 0 0 rg BT 287.84 660.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 296.00 660.50 Td (our ) Tj ET Q q 0 0 0 rg BT 308.82 660.50 Td (forecast ) Tj ET Q q 0 0 0 rg BT 336.30 660.50 Td (of ) Tj ET Q q 0 0 0 rg BT 345.12 660.50 Td (the ) Tj ET Q q 0 0 0 rg BT 357.05 660.50 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 412.96 660.50 Td (environment ) Tj ET Q q 0 0 0 rg BT 455.56 660.50 Td (reflected ) Tj ET Q q 0 0 0 rg BT 485.70 660.50 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 523.84 660.50 Td (surrounding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.21 650.90 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 93.80 650.90 Td (and ) Tj ET Q q 0 0 0 rg BT 107.29 650.90 Td (its ) Tj ET Q q 0 0 0 rg BT 116.79 650.90 Td (periphery) Tj ET Q q 0 0 0 rg BT 146.92 650.90 Td (, ) Tj ET Q q 0 0 0 rg BT 150.86 650.90 Td (in ) Tj ET Q q 0 0 0 rg BT 159.02 650.90 Td (line ) Tj ET Q q 0 0 0 rg BT 172.96 650.90 Td (with ) Tj ET Q q 0 0 0 rg BT 189.12 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 200.83 650.90 Td (view ) Tj ET Q q 0 0 0 rg BT 218.32 650.90 Td (of ) Tj ET Q q 0 0 0 rg BT 226.92 650.90 Td (the ) Tj ET Q q 0 0 0 rg BT 238.63 650.90 Td (market. ) Tj ET Q q 0 0 0 rg BT 264.78 650.90 Td (Upon ) Tj ET Q q 0 0 0 rg BT 284.50 650.90 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 321.10 650.90 Td (of ) Tj ET Q q 0 0 0 rg BT 329.70 650.90 Td (this ) Tj ET Q q 0 0 0 rg BT 343.20 650.90 Td (review) Tj ET Q q 0 0 0 rg BT 364.44 650.90 Td (, ) Tj ET Q q 0 0 0 rg BT 368.38 650.90 Td (we ) Tj ET Q q 0 0 0 rg BT 379.65 650.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 417.57 650.90 Td (that ) Tj ET Q q 0 0 0 rg BT 431.50 650.90 Td (a ) Tj ET Q q 0 0 0 rg BT 436.99 650.90 Td (char) Tj ET Q q 0 0 0 rg BT 450.62 650.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 460.10 650.90 Td (was ) Tj ET Q q 0 0 0 rg BT 474.48 650.90 Td (required ) Tj ET Q q 0 0 0 rg BT 503.08 650.90 Td (to ) Tj ET Q q 0 0 0 rg BT 511.24 650.90 Td (impair ) Tj ET Q q 0 0 0 rg BT 534.06 650.90 Td (goodwill ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 641.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.92 641.30 Td (our ) Tj ET Q q 0 0 0 rg BT 70.77 641.30 Td (former ) Tj ET Q q 0 0 0 rg BT 94.73 641.30 Td (Production ) Tj ET Q q 0 0 0 rg BT 132.04 641.30 Td (Services ) Tj ET Q q 0 0 0 rg BT 161.33 641.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 192.85 641.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 209.49 641.30 Td (now ) Tj ET Q q 0 0 0 rg BT 225.46 641.30 Td (a ) Tj ET Q q 0 0 0 rg BT 231.20 641.30 Td (component ) Tj ET Q q 0 0 0 rg BT 268.94 641.30 Td (of ) Tj ET Q q 0 0 0 rg BT 277.80 641.30 Td (our ) Tj ET Q q 0 0 0 rg BT 290.66 641.30 Td (Romania ) Tj ET Q q 0 0 0 rg BT 321.73 641.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 353.25 641.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 369.89 641.30 Td (and ) Tj ET Q q 0 0 0 rg BT 383.63 641.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 414.27 641.30 Td (and ) Tj ET Q q 0 0 0 rg BT 428.02 641.30 Td (intangible ) Tj ET Q q 0 0 0 rg BT 462.20 641.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 483.06 641.30 Td (in ) Tj ET Q q 0 0 0 rg BT 491.47 641.30 Td (the ) Tj ET Q q 0 0 0 rg BT 503.44 641.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 533.18 641.30 Td (reporting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 631.70 Td (unit. ) Tj ET Q q 0 0 0 rg BT 66.05 631.70 Td (In ) Tj ET Q q 0 0 0 rg BT 74.83 631.70 Td (all ) Tj ET Q q 0 0 0 rg BT 84.93 631.70 Td (other ) Tj ET Q q 0 0 0 rg BT 103.48 631.70 Td (cases, ) Tj ET Q q 0 0 0 rg BT 124.47 631.70 Td (the ) Tj ET Q q 0 0 0 rg BT 136.35 631.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 158.01 631.70 Td (to ) Tj ET Q q 0 0 0 rg BT 166.34 631.70 Td (which ) Tj ET Q q 0 0 0 rg BT 188.00 631.70 Td (the ) Tj ET Q q 0 0 0 rg BT 199.88 631.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 234.42 631.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 255.19 631.70 Td (tested ) Tj ET Q q 0 0 0 rg BT 275.96 631.70 Td (passed ) Tj ET Q q 0 0 0 rg BT 299.40 631.70 Td (the ) Tj ET Q q 0 0 0 rg BT 311.28 631.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 350.27 631.70 Td (test ) Tj ET Q q 0 0 0 rg BT 363.49 631.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 397.13 631.70 Td (since ) Tj ET Q q 0 0 0 rg BT 415.68 631.70 Td (they ) Tj ET Q q 0 0 0 rg BT 431.56 631.70 Td (were ) Tj ET Q q 0 0 0 rg BT 449.21 631.70 Td (previously ) Tj ET Q q 0 0 0 rg BT 485.09 631.70 Td (tested ) Tj ET Q q 0 0 0 rg BT 505.86 631.70 Td (for ) Tj ET Q q 0 0 0 rg BT 517.30 631.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 556.29 631.70 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 622.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 82.82 622.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 107.48 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.14 622.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 136.14 622.10 Td (however) Tj ET Q q 0 0 0 rg BT 163.36 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.36 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.14 622.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.24 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 211.56 622.10 Td (was ) Tj ET Q q 0 0 0 rg BT 226.00 622.10 Td (still ) Tj ET Q q 0 0 0 rg BT 240.01 622.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 282.45 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.67 622.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 313.55 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.21 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.99 622.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 355.98 622.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 384.64 622.10 Td (amount.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 606.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 606.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.16 606.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 97.45 606.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 135.52 606.50 Td (char) Tj ET Q q 0 0 0 rg BT 149.14 606.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 161.00 606.50 Td (in ) Tj ET Q q 0 0 0 rg BT 168.42 606.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.39 606.50 Td (following ) Tj ET Q q 0 0 0 rg BT 211.70 606.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 242.22 606.50 Td (units ) Tj ET Q q 0 0 0 rg BT 258.98 606.50 Td (in ) Tj ET Q q 0 0 0 rg BT 266.40 606.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 290.25 606.50 Td (of ) Tj ET Q q 0 0 0 rg BT 298.11 606.50 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 327.75 606.50 Td (and ) Tj ET Q q 0 0 0 rg BT 340.50 606.50 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 391.01 606.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 424.20 606.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 444.06 606.50 Td (in ) Tj ET Q q 0 0 0 rg BT 451.48 606.50 Td (the ) Tj ET Q q 0 0 0 rg BT 462.46 606.50 Td (year ) Tj ET Q q 0 0 0 rg BT 477.42 606.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 497.72 606.50 Td (December31,201) Tj ET Q q 0 0 0 rg BT 556.29 606.50 Td (1:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 575.00 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 575.00 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 575.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 575.00 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 575.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 575.00 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 545.00 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 545.00 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 545.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.00 545.00 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 545.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 545.00 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365 575 m 428 575 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432 575 m 495 575 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 575 m 562 575 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 365 575 m 428 575 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432 575 m 495 575 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499 575 m 562 575 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 545 m 428 545 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 531 m 428 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 529 m 428 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 545 m 495 545 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 531 m 495 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 529 m 495 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 545 m 562 545 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 531 m 562 531 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 529 m 562 529 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.35 579.23 Td (Goodwill) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 579.23 Td (Trademark) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.00 579.23 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 564.25 Td (Romania \(formerly Production Services\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.50 564.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 564.25 Td (11,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.50 564.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.80 564.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.50 564.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 564.25 Td (11,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 549.25 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 549.25 Td (53,416) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.80 549.25 Td (4,304) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 549.25 Td (57,720) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.50 534.23 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.50 534.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.80 534.23 Td (64,444) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.50 534.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.80 534.23 Td (4,304) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.50 534.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 534.23 Td (68,748) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 514.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 514.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.93 514.90 Td (revised ) Tj ET Q q 0 0 0 rg BT 87.00 514.90 Td (our ) Tj ET Q q 0 0 0 rg BT 99.63 514.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 131.37 514.90 Td (of ) Tj ET Q q 0 0 0 rg BT 140.00 514.90 Td (future ) Tj ET Q q 0 0 0 rg BT 161.07 514.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.26 514.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 197.00 514.90 Td (in ) Tj ET Q q 0 0 0 rg BT 205.20 514.90 Td (our ) Tj ET Q q 0 0 0 rg BT 217.83 514.90 Td (former ) Tj ET Q q 0 0 0 rg BT 241.56 514.90 Td (production ) Tj ET Q q 0 0 0 rg BT 278.19 514.90 Td (services ) Tj ET Q q 0 0 0 rg BT 305.93 514.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 337.22 514.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 351.63 514.90 Td (during ) Tj ET Q q 0 0 0 rg BT 374.49 514.90 Td (the ) Tj ET Q q 0 0 0 rg BT 386.23 514.90 Td (final ) Tj ET Q q 0 0 0 rg BT 402.86 514.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 427.48 514.90 Td (of ) Tj ET Q q 0 0 0 rg BT 436.11 514.90 Td (201) Tj ET Q q 0 0 0 rg BT 447.82 514.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 453.79 514.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 485.52 514.90 Td (to ) Tj ET Q q 0 0 0 rg BT 493.71 514.90 Td (reflect ) Tj ET Q q 0 0 0 rg BT 516.11 514.90 Td (an ) Tj ET Q q 0 0 0 rg BT 525.63 514.90 Td (expectation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 505.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 505.30 Td (challenges ) Tj ET Q q 0 0 0 rg BT 93.91 505.30 Td (in ) Tj ET Q q 0 0 0 rg BT 102.13 505.30 Td (growing ) Tj ET Q q 0 0 0 rg BT 130.79 505.30 Td (third ) Tj ET Q q 0 0 0 rg BT 147.89 505.30 Td (party ) Tj ET Q q 0 0 0 rg BT 166.32 505.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 196.75 505.30 Td (for ) Tj ET Q q 0 0 0 rg BT 208.07 505.30 Td (this ) Tj ET Q q 0 0 0 rg BT 221.62 505.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 252.94 505.30 Td (unit. ) Tj ET Q q 0 0 0 rg BT 268.94 505.30 Td (As ) Tj ET Q q 0 0 0 rg BT 279.83 505.30 Td (a ) Tj ET Q q 0 0 0 rg BT 285.37 505.30 Td (result ) Tj ET Q q 0 0 0 rg BT 305.14 505.30 Td (of ) Tj ET Q q 0 0 0 rg BT 313.80 505.30 Td (these ) Tj ET Q q 0 0 0 rg BT 332.23 505.30 Td (changes, ) Tj ET Q q 0 0 0 rg BT 361.99 505.30 Td (we ) Tj ET Q q 0 0 0 rg BT 373.31 505.30 Td (concluded ) Tj ET Q q 0 0 0 rg BT 408.18 505.30 Td (that ) Tj ET Q q 0 0 0 rg BT 422.17 505.30 Td (the ) Tj ET Q q 0 0 0 rg BT 433.94 505.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 462.58 505.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 488.57 505.30 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 520.32 505.30 Td (the ) Tj ET Q q 0 0 0 rg BT 532.09 505.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 545.19 505.30 Td (value ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 495.70 Td (of ) Tj ET Q q 0 0 0 rg BT 57.95 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 495.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 100.61 495.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 114.84 495.70 Td (and ) Tj ET Q q 0 0 0 rg BT 128.17 495.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 160.60 495.70 Td (for ) Tj ET Q q 0 0 0 rg BT 171.71 495.70 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 212.25 495.70 Td (W) Tj ET Q q 0 0 0 rg BT 219.16 495.70 Td (e ) Tj ET Q q 0 0 0 rg BT 224.49 495.70 Td (concluded ) Tj ET Q q 0 0 0 rg BT 259.15 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.70 495.70 Td (implied ) Tj ET Q q 0 0 0 rg BT 296.93 495.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.81 495.70 Td (value ) Tj ET Q q 0 0 0 rg BT 328.92 495.70 Td (of ) Tj ET Q q 0 0 0 rg BT 337.36 495.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 367.59 495.70 Td (was ) Tj ET Q q 0 0 0 rg BT 381.81 495.70 Td (zero ) Tj ET Q q 0 0 0 rg BT 397.36 495.70 Td (and ) Tj ET Q q 0 0 0 rg BT 410.69 495.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 440.46 495.70 Td (an ) Tj ET Q q 0 0 0 rg BT 449.79 495.70 Td (impairment ) Tj ET Q q 0 0 0 rg BT 488.45 495.70 Td (to ) Tj ET Q q 0 0 0 rg BT 496.46 495.70 Td (write-of) Tj ET Q q 0 0 0 rg BT 522.08 495.70 Td (f ) Tj ET Q q 0 0 0 rg BT 526.52 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 495.70 Td (balance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (as ) Tj ET Q q 0 0 0 rg BT 58.16 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 66.83 486.10 Td (December ) Tj ET Q q 0 0 0 rg BT 101.70 486.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 113.70 486.10 Td (201) Tj ET Q q 0 0 0 rg BT 125.40 486.10 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 470.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.09 470.50 Td (revised ) Tj ET Q q 0 0 0 rg BT 87.33 470.50 Td (our ) Tj ET Q q 0 0 0 rg BT 100.12 470.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 132.02 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 140.82 470.50 Td (future ) Tj ET Q q 0 0 0 rg BT 162.05 470.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 178.40 470.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 198.31 470.50 Td (in ) Tj ET Q q 0 0 0 rg BT 206.66 470.50 Td (our ) Tj ET Q q 0 0 0 rg BT 219.46 470.50 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 249.14 470.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 280.59 470.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 295.17 470.50 Td (during ) Tj ET Q q 0 0 0 rg BT 318.19 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 330.09 470.50 Td (final ) Tj ET Q q 0 0 0 rg BT 346.89 470.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 371.67 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 380.47 470.50 Td (201) Tj ET Q q 0 0 0 rg BT 392.17 470.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 398.30 470.50 Td (to ) Tj ET Q q 0 0 0 rg BT 406.66 470.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 429.21 470.50 Td (our ) Tj ET Q q 0 0 0 rg BT 442.01 470.50 Td (revised ) Tj ET Q q 0 0 0 rg BT 467.24 470.50 Td (expectations ) Tj ET Q q 0 0 0 rg BT 509.36 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 518.16 470.50 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 556.27 470.50 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 460.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.88 460.90 Td (Eurozone ) Tj ET Q q 0 0 0 rg BT 95.13 460.90 Td (periphery) Tj ET Q q 0 0 0 rg BT 125.26 460.90 Td (. ) Tj ET Q q 0 0 0 rg BT 129.87 460.90 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 160.02 460.90 Td (has ) Tj ET Q q 0 0 0 rg BT 173.28 460.90 Td (been ) Tj ET Q q 0 0 0 rg BT 190.99 460.90 Td (continually ) Tj ET Q q 0 0 0 rg BT 229.58 460.90 Td (impacted ) Tj ET Q q 0 0 0 rg BT 261.50 460.90 Td (by ) Tj ET Q q 0 0 0 rg BT 272.11 460.90 Td (the ) Tj ET Q q 0 0 0 rg BT 284.48 460.90 Td (global ) Tj ET Q q 0 0 0 rg BT 307.08 460.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 340.78 460.90 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 362.27 460.90 Td (which ) Tj ET Q q 0 0 0 rg BT 384.42 460.90 Td (has ) Tj ET Q q 0 0 0 rg BT 397.69 460.90 Td (been ) Tj ET Q q 0 0 0 rg BT 415.39 460.90 Td (reflected ) Tj ET Q q 0 0 0 rg BT 445.97 460.90 Td (in ) Tj ET Q q 0 0 0 rg BT 454.80 460.90 Td (the ) Tj ET Q q 0 0 0 rg BT 467.17 460.90 Td (returns ) Tj ET Q q 0 0 0 rg BT 491.99 460.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 523.02 460.90 Td (by ) Tj ET Q q 0 0 0 rg BT 533.62 460.90 Td (investors ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 451.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 79.16 451.30 Td (from ) Tj ET Q q 0 0 0 rg BT 96.38 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 107.81 451.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 139.68 451.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 160.44 451.30 Td (and ) Tj ET Q q 0 0 0 rg BT 173.66 451.30 Td (perceived ) Tj ET Q q 0 0 0 rg BT 206.41 451.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 220.07 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 228.40 451.30 Td (investing ) Tj ET Q q 0 0 0 rg BT 259.40 451.30 Td (in ) Tj ET Q q 0 0 0 rg BT 267.29 451.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 296.50 451.30 Td (continuing ) Tj ET Q q 0 0 0 rg BT 332.38 451.30 Td (to ) Tj ET Q q 0 0 0 rg BT 340.27 451.30 Td (be ) Tj ET Q q 0 0 0 rg BT 349.48 451.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 371.58 451.30 Td (than ) Tj ET Q q 0 0 0 rg BT 387.02 451.30 Td (their ) Tj ET Q q 0 0 0 rg BT 403.34 451.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 434.78 451.30 Td (norms. ) Tj ET Q q 0 0 0 rg BT 458.32 451.30 Td (W) Tj ET Q q 0 0 0 rg BT 465.23 451.30 Td (e ) Tj ET Q q 0 0 0 rg BT 470.45 451.30 Td (concluded ) Tj ET Q q 0 0 0 rg BT 504.99 451.30 Td (that ) Tj ET Q q 0 0 0 rg BT 518.65 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 530.08 451.30 Td (trademark ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 441.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 79.48 441.70 Td (in ) Tj ET Q q 0 0 0 rg BT 87.71 441.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 124.81 441.70 Td (with ) Tj ET Q q 0 0 0 rg BT 141.04 441.70 Td (the ) Tj ET Q q 0 0 0 rg BT 152.82 441.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 189.93 441.70 Td (of ) Tj ET Q q 0 0 0 rg BT 198.59 441.70 Td (the ) Tj ET Q q 0 0 0 rg BT 210.37 441.70 Td (bTV) Tj ET Q q 0 0 0 rg BT 224.89 441.70 Td ( ) Tj ET Q q 0 0 0 rg BT 226.89 441.70 Td (group ) Tj ET Q q 0 0 0 rg BT 247.56 441.70 Td (was ) Tj ET Q q 0 0 0 rg BT 262.01 441.70 Td (impaired ) Tj ET Q q 0 0 0 rg BT 292.45 441.70 Td (and ) Tj ET Q q 0 0 0 rg BT 306.00 441.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 335.98 441.70 Td (a ) Tj ET Q q 0 0 0 rg BT 341.54 441.70 Td (char) Tj ET Q q 0 0 0 rg BT 355.16 441.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 364.71 441.70 Td (of ) Tj ET Q q 0 0 0 rg BT 373.38 441.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.61 441.70 Td (4.3 ) Tj ET Q q 0 0 0 rg BT 401.62 441.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.73 441.70 Td ( ) Tj ET Q q 0 0 0 rg BT 426.73 441.70 Td (to ) Tj ET Q q 0 0 0 rg BT 434.96 441.70 Td (write ) Tj ET Q q 0 0 0 rg BT 453.40 441.70 Td (it ) Tj ET Q q 0 0 0 rg BT 459.85 441.70 Td (down ) Tj ET Q q 0 0 0 rg BT 479.63 441.70 Td (to ) Tj ET Q q 0 0 0 rg BT 487.86 441.70 Td (its ) Tj ET Q q 0 0 0 rg BT 497.42 441.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 530.08 441.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 543.19 441.70 Td (value. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (After ) Tj ET Q q 0 0 0 rg BT 68.86 432.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 100.68 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.94 432.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 144.75 432.10 Td (unit's ) Tj ET Q q 0 0 0 rg BT 164.24 432.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 193.37 432.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.85 432.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.67 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.93 432.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 295.73 432.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 330.21 432.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 348.24 432.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 389.61 432.10 Td (we ) Tj ET Q q 0 0 0 rg BT 401.42 432.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 439.89 432.10 Td (that ) Tj ET Q q 0 0 0 rg BT 454.37 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.63 432.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 495.77 432.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.25 432.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.06 432.10 Td (goodwill ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 81.38 422.50 Td (its ) Tj ET Q q 0 0 0 rg BT 91.06 422.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 104.29 422.50 Td (value ) Tj ET Q q 0 0 0 rg BT 123.74 422.50 Td (by ) Tj ET Q q 0 0 0 rg BT 133.87 422.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.22 422.50 Td (53.4 ) Tj ET Q q 0 0 0 rg BT 166.35 422.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.46 422.50 Td ( ) Tj ET Q q 0 0 0 rg BT 191.59 422.50 Td (and ) Tj ET Q q 0 0 0 rg BT 205.26 422.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.37 422.50 Td (this ) Tj ET Q q 0 0 0 rg BT 249.05 422.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 275.18 422.50 Td (as ) Tj ET Q q 0 0 0 rg BT 283.97 422.50 Td (an ) Tj ET Q q 0 0 0 rg BT 293.64 422.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 332.65 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 341.44 422.50 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 373.85 422.50 Td (W) Tj ET Q q 0 0 0 rg BT 380.77 422.50 Td (e ) Tj ET Q q 0 0 0 rg BT 386.44 422.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 424.55 422.50 Td (that ) Tj ET Q q 0 0 0 rg BT 438.67 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 450.57 422.50 Td (carrying ) Tj ET Q q 0 0 0 rg BT 479.35 422.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 505.47 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 514.26 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.16 422.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 543.84 422.50 Td (group ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 412.90 Td (in ) Tj ET Q q 0 0 0 rg BT 57.52 412.90 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 86.87 412.90 Td (was ) Tj ET Q q 0 0 0 rg BT 101.11 412.90 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 140.22 412.90 Td (by ) Tj ET Q q 0 0 0 rg BT 150.02 412.90 Td (reference ) Tj ET Q q 0 0 0 rg BT 181.57 412.90 Td (to ) Tj ET Q q 0 0 0 rg BT 189.59 412.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.16 412.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 231.39 412.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.41 412.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 266.98 412.90 Td (to ) Tj ET Q q 0 0 0 rg BT 275.01 412.90 Td (be ) Tj ET Q q 0 0 0 rg BT 284.36 412.90 Td (generated, ) Tj ET Q q 0 0 0 rg BT 319.25 412.90 Td (and ) Tj ET Q q 0 0 0 rg BT 332.60 412.90 Td (therefore ) Tj ET Q q 0 0 0 rg BT 363.27 412.90 Td (no ) Tj ET Q q 0 0 0 rg BT 373.07 412.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 411.75 412.90 Td (was ) Tj ET Q q 0 0 0 rg BT 425.99 412.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 455.77 412.90 Td (for ) Tj ET Q q 0 0 0 rg BT 466.90 412.90 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 501.59 412.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 522.05 412.90 Td (or ) Tj ET Q q 0 0 0 rg BT 530.52 412.90 Td (intangible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 403.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.16 403.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 94.82 403.30 Td (to ) Tj ET Q q 0 0 0 rg BT 103.05 403.30 Td (amortization.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 387.70 Td (5. ) Tj ET Q q 0 0 0 rg BT 67.50 387.70 Td (LONG-TERM ) Tj ET Q q 0 0 0 rg BT 119.72 387.70 Td (DEBT) Tj ET Q q 0 0 0 rg BT 141.36 387.70 Td ( ) Tj ET Q q 0 0 0 rg BT 142.92 387.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.25 387.70 Td (OTHER ) Tj ET Q q 0 0 0 rg BT 193.15 387.70 Td (FINANCING ) Tj ET Q q 0 0 0 rg BT 240.93 387.70 Td (ARRANGEMENTS) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (Summary) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 346.60 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 346.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 346.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 346.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 316.60 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 316.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 316.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 286.60 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 286.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 286.60 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 346.6 m 468 346.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 346.6 m 562 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 316.6 m 468 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 316.6 m 562 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 286.6 m 468 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 272.6 m 468 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 270.6 m 468 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 286.6 m 562 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 272.6 m 562 272.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 270.6 m 562 270.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 350.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.00 350.83 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.00 350.83 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 335.85 Td (Senior debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 335.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 335.85 Td (956,956) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 335.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.80 335.85 Td (1,213,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 320.85 Td (Total credit facilities and capital leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 320.85 Td (8,492) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 320.85 Td (7,368) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 305.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 305.83 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 305.83 Td (long-term ) Tj ET Q q 0 0 0 rg BT 107.75 305.83 Td (debt ) Tj ET Q q 0 0 0 rg BT 124.87 305.83 Td (and ) Tj ET Q q 0 0 0 rg BT 139.77 305.83 Td (other) Tj ET Q q 0 0 0 rg BT 157.91 305.83 Td ( ) Tj ET Q q 0 0 0 rg BT 159.84 305.83 Td (financing ) Tj ET Q q 0 0 0 rg BT 193.84 305.83 Td (arrangements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.80 305.83 Td (965,448) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 305.83 Td (1,220,791) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 290.85 Td (Less: ) Tj ET Q q 0 0 0 rg BT 71.39 290.85 Td (current ) Tj ET Q q 0 0 0 rg BT 96.04 290.85 Td (maturities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.10 290.85 Td (\(2,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 290.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 290.85 Td (\(21,918) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 290.85 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 275.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 275.83 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 275.83 Td (non-curr) Tj ET Q q 0 0 0 rg BT 102.51 275.83 Td (ent ) Tj ET Q q 0 0 0 rg BT 115.17 275.83 Td (long-term ) Tj ET Q q 0 0 0 rg BT 150.94 275.83 Td (debt ) Tj ET Q q 0 0 0 rg BT 168.05 275.83 Td (and ) Tj ET Q q 0 0 0 rg BT 182.95 275.83 Td (other) Tj ET Q q 0 0 0 rg BT 201.02 275.83 Td ( ) Tj ET Q q 0 0 0 rg BT 203.02 275.83 Td (financing ) Tj ET Q q 0 0 0 rg BT 237.03 275.83 Td (arrangements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 275.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.80 275.83 Td (963,025) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 275.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 275.83 Td (1,198,873) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 256.50 Td (Senior) Tj ET Q q 0 0 0 rg BT 71.58 256.50 Td ( ) Tj ET Q q 0 0 0 rg BT 73.58 256.50 Td (Debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 240.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.94 240.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 85.49 240.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 101.27 240.90 Td (comprised ) Tj ET Q q 0 0 0 rg BT 136.59 240.90 Td (the ) Tj ET Q q 0 0 0 rg BT 148.36 240.90 Td (following ) Tj ET Q q 0 0 0 rg BT 181.47 240.90 Td (as ) Tj ET Q q 0 0 0 rg BT 190.14 240.90 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.91 240.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 244.78 240.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.78 240.90 Td ( ) Tj ET Q q 0 0 0 rg BT 262.78 240.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.33 240.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 323.20 240.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.20 240.90 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 191.40 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 191.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 191.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 191.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 191.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 191.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 191.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 191.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 161.40 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 161.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 161.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 161.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 161.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 161.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 161.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 161.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 131.40 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 131.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 131.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 131.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 131.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 131.40 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 131.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 131.40 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270 215.39999999999998 m 340 215.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340 215.39999999999998 m 344 215.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 215.39999999999998 m 414 215.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 215.39999999999998 m 488 215.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 488 215.39999999999998 m 492 215.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 215.39999999999998 m 562 215.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270 191.39999999999998 m 340 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 191.39999999999998 m 414 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 191.39999999999998 m 488 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 191.39999999999998 m 562 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270 191.39999999999998 m 340 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 191.39999999999998 m 414 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 191.39999999999998 m 488 191.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 191.39999999999998 m 562 191.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 131.39999999999998 m 340 131.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 117.39999999999998 m 340 117.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 115.39999999999998 m 340 115.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 131.39999999999998 m 414 131.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 117.39999999999998 m 414 117.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 115.39999999999998 m 414 115.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 131.39999999999998 m 488 131.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 117.39999999999998 m 488 117.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 115.39999999999998 m 488 115.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 131.39999999999998 m 562 131.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 117.39999999999998 m 562 117.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 115.39999999999998 m 562 115.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 219.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.90 219.63 Td (Carrying Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.65 219.63 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 195.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.00 203.63 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.50 195.63 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 203.63 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.50 195.63 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.00 203.63 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.50 195.63 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.00 203.63 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.50 195.63 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 180.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 70.50 180.65 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 110.27 180.65 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.80 180.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.80 180.65 Td (20,442) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.80 180.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 180.65 Td (20,552) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 165.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 70.50 165.65 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 110.27 165.65 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.80 165.65 Td (241,193) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.80 165.65 Td (231,812) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.80 165.65 Td (237,011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 165.65 Td (238,052) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 150.65 Td (2016 ) Tj ET Q q 0 0 0 rg BT 70.50 150.65 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 90.72 150.65 Td (Rate ) Tj ET Q q 0 0 0 rg BT 107.38 150.65 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.80 150.65 Td (379,182) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.80 150.65 Td (637,408) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.80 150.65 Td (374,573) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 150.65 Td (666,385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 135.65 Td (2017 ) Tj ET Q q 0 0 0 rg BT 70.50 135.65 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 90.72 135.65 Td (Rate ) Tj ET Q q 0 0 0 rg BT 107.38 135.65 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.80 135.65 Td (336,581) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.80 135.65 Td (323,761) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.80 135.65 Td (344,223) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 135.65 Td (346,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 120.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.50 120.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.80 120.63 Td (956,956) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.50 120.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.80 120.63 Td (1,213,423) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 120.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.80 120.63 Td (955,807) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.50 120.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.80 120.63 Td (1,271,189) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 101.30 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 91.94 101.30 Td (Notes) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 82.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 67.50 82.70 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 107.27 82.70 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 67.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.51 67.10 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.42 67.10 Td (3.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.08 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.66 67.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 143.12 67.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 182.47 67.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 202.71 67.10 Td (due ) Tj ET Q q 0 0 0 rg BT 215.83 67.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 233.41 67.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.42 67.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 268.54 67.10 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 307.89 67.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 334.34 67.10 Td (were ) Tj ET Q q 0 0 0 rg BT 351.46 67.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 373.03 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.15 67.10 Td (extinguished ) Tj ET Q q 0 0 0 rg BT 428.61 67.10 Td (at ) Tj ET Q q 0 0 0 rg BT 435.96 67.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 464.64 67.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.21 67.10 Td (March ) Tj ET Q q 0 0 0 rg BT 496.67 67.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 508.24 67.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 525.82 67.10 Td (using ) Tj ET Q q 0 0 0 rg BT 544.73 67.10 Td (funds ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 57.50 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 87.93 57.50 Td (deposited ) Tj ET Q q 0 0 0 rg BT 120.59 57.50 Td (in ) Tj ET Q q 0 0 0 rg BT 128.81 57.50 Td (escrow ) Tj ET Q q 0 0 0 rg BT 153.46 57.50 Td (on ) Tj ET Q q 0 0 0 rg BT 163.46 57.50 Td (September ) Tj ET Q q 0 0 0 rg BT 199.68 57.50 Td (7, ) Tj ET Q q 0 0 0 rg BT 207.68 57.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 225.68 57.50 Td (\(see ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.55 57.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 258.11 57.50 Td (8, ) Tj ET Q q 0 0 0 rg BT 266.11 57.50 Td ("Other ) Tj ET Q q 0 0 0 rg BT 289.14 57.50 Td (Assets") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.30 57.50 Td (\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (59) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 67.50 723.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 107.27 723.45 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET 1 1 1 rg /GS0 gs 49.50 713.40 19.10 -7.27 re f /GS0 gs q 0 0 0 rg BT 49.50 707.85 Td (As ) Tj ET Q q 0 0 0 rg BT 60.61 707.85 Td (at ) Tj ET Q BT /F2 8.00 Tf ET 1 1 1 rg /GS0 gs 68.60 713.40 63.09 -7.27 re f /GS0 gs q 0 0 0 rg BT 68.60 707.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.69 707.85 Td (2013) Tj ET Q BT /F2 8.00 Tf ET 1 1 1 rg /GS0 gs 131.69 713.40 94.84 -7.27 re f /GS0 gs q 0 0 0 rg BT 131.69 707.85 Td (, ) Tj ET Q q 0 0 0 rg BT 135.91 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 707.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 178.55 707.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.77 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 213.65 707.85 Td (our ) Tj ET Q BT /F2 8.00 Tf ET 1 1 1 rg /GS0 gs 226.53 713.40 16.66 -7.27 re f /GS0 gs q 0 0 0 rg BT 226.53 707.85 Td (5.0%) Tj ET Q BT /F2 8.00 Tf ET 1 1 1 rg /GS0 gs 243.20 713.40 321.31 -7.27 re f /GS0 gs q 0 0 0 rg BT 243.20 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 245.41 707.85 Td (Senior ) Tj ET Q q 0 0 0 rg BT 268.52 707.85 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 308.51 707.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 329.39 707.85 Td (due ) Tj ET Q q 0 0 0 rg BT 343.16 707.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 361.38 707.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 376.04 707.85 Td ("2015 ) Tj ET Q q 0 0 0 rg BT 397.52 707.85 Td (Convertibles ) Tj ET Q q 0 0 0 rg BT 440.62 707.85 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 464.77 707.85 Td (and ) Tj ET Q q 0 0 0 rg BT 478.54 707.85 Td (collectively ) Tj ET Q q 0 0 0 rg BT 518.07 707.85 Td (with ) Tj ET Q q 0 0 0 rg BT 534.52 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 546.51 707.85 Td (2013 ) Tj ET Q BT /F2 8.00 Tf ET 1 1 1 rg /GS0 gs 49.50 703.80 215.84 -7.27 re f /GS0 gs q 0 0 0 rg BT 49.50 698.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 89.27 698.25 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 111.93 698.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.71 698.25 Td ("Convertible ) Tj ET Q q 0 0 0 rg BT 166.74 698.25 Td (Notes"\), ) Tj ET Q q 0 0 0 rg BT 195.34 698.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 234.67 698.25 Td (was ) Tj ET Q q 0 0 0 rg BT 249.11 698.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.34 698.25 Td (261.0 ) Tj ET Q q 0 0 0 rg BT 285.34 698.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.45 698.25 Td (. ) Tj ET Q q 0 0 0 rg BT 312.30 698.25 Td (The ) Tj ET Q q 0 0 0 rg BT 326.74 698.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.74 698.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 384.51 698.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 405.18 698.25 Td (mature ) Tj ET Q q 0 0 0 rg BT 429.39 698.25 Td (on ) Tj ET Q q 0 0 0 rg BT 439.39 698.25 Td (November ) Tj ET Q q 0 0 0 rg BT 475.15 698.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 487.15 698.25 Td (2015.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 682.65 Td (Interest ) Tj ET Q q 0 0 0 rg BT 76.05 682.65 Td (is ) Tj ET Q q 0 0 0 rg BT 83.94 682.65 Td (payable ) Tj ET Q q 0 0 0 rg BT 111.38 682.65 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 159.25 682.65 Td (in ) Tj ET Q q 0 0 0 rg BT 168.04 682.65 Td (arrears ) Tj ET Q q 0 0 0 rg BT 192.35 682.65 Td (on ) Tj ET Q q 0 0 0 rg BT 202.91 682.65 Td (each ) Tj ET Q q 0 0 0 rg BT 220.12 682.65 Td (May ) Tj ET Q q 0 0 0 rg BT 237.34 682.65 Td (15 ) Tj ET Q q 0 0 0 rg BT 247.90 682.65 Td (and ) Tj ET Q q 0 0 0 rg BT 262.01 682.65 Td (November ) Tj ET Q q 0 0 0 rg BT 298.34 682.65 Td (15.) Tj ET Q q 0 0 0 rg BT 310.19 682.65 Td (The ) Tj ET Q q 0 0 0 rg BT 325.19 682.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 338.85 682.65 Td (value ) Tj ET Q q 0 0 0 rg BT 358.73 682.65 Td (of ) Tj ET Q q 0 0 0 rg BT 367.95 682.65 Td (the ) Tj ET Q q 0 0 0 rg BT 380.29 682.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 407.73 682.65 Td (component ) Tj ET Q q 0 0 0 rg BT 445.84 682.65 Td (of ) Tj ET Q q 0 0 0 rg BT 455.06 682.65 Td (the ) Tj ET Q q 0 0 0 rg BT 467.39 682.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 485.95 682.65 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 526.28 682.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 547.50 682.65 Td (as ) Tj ET Q q 0 0 0 rg BT 556.72 682.65 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 673.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.77 673.05 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.77 673.05 Td ( ) Tj ET Q q 0 0 0 rg BT 115.17 673.05 Td (and ) Tj ET Q q 0 0 0 rg BT 129.12 673.05 Td (2012 ) Tj ET Q q 0 0 0 rg BT 147.52 673.05 Td (was ) Tj ET Q q 0 0 0 rg BT 162.36 673.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 197.18 673.05 Td (as ) Tj ET Q q 0 0 0 rg BT 206.25 673.05 Td (the ) Tj ET Q q 0 0 0 rg BT 218.42 673.05 Td (present ) Tj ET Q q 0 0 0 rg BT 243.92 673.05 Td (value ) Tj ET Q q 0 0 0 rg BT 263.65 673.05 Td (of ) Tj ET Q q 0 0 0 rg BT 272.71 673.05 Td (the ) Tj ET Q q 0 0 0 rg BT 284.89 673.05 Td (future ) Tj ET Q q 0 0 0 rg BT 306.39 673.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 323.00 673.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 343.18 673.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 378.46 673.05 Td (with ) Tj ET Q q 0 0 0 rg BT 395.08 673.05 Td (the ) Tj ET Q q 0 0 0 rg BT 407.25 673.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 434.54 673.05 Td (component ) Tj ET Q q 0 0 0 rg BT 472.49 673.05 Td (discounted ) Tj ET Q q 0 0 0 rg BT 509.55 673.05 Td (using ) Tj ET Q q 0 0 0 rg BT 529.29 673.05 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 673.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 555.85 673.05 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 663.45 Td (return ) Tj ET Q q 0 0 0 rg BT 70.91 663.45 Td (an ) Tj ET Q q 0 0 0 rg BT 80.78 663.45 Td (investor ) Tj ET Q q 0 0 0 rg BT 108.86 663.45 Td (would ) Tj ET Q q 0 0 0 rg BT 131.17 663.45 Td (have ) Tj ET Q q 0 0 0 rg BT 148.58 663.45 Td (required ) Tj ET Q q 0 0 0 rg BT 177.55 663.45 Td (on ) Tj ET Q q 0 0 0 rg BT 187.86 663.45 Td (our ) Tj ET Q q 0 0 0 rg BT 200.84 663.45 Td (non-convertible ) Tj ET Q q 0 0 0 rg BT 253.80 663.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 269.88 663.45 Td (with ) Tj ET Q q 0 0 0 rg BT 286.42 663.45 Td (other ) Tj ET Q q 0 0 0 rg BT 305.16 663.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 325.25 663.45 Td (substantially ) Tj ET Q q 0 0 0 rg BT 368.00 663.45 Td (similar ) Tj ET Q q 0 0 0 rg BT 392.53 663.45 Td (to ) Tj ET Q q 0 0 0 rg BT 401.07 663.45 Td (the ) Tj ET Q q 0 0 0 rg BT 413.15 663.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 431.46 663.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 471.54 663.45 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 494.35 663.45 Td (This ) Tj ET Q q 0 0 0 rg BT 510.89 663.45 Td (measurement ) Tj ET Q q 0 0 0 rg BT 555.85 663.45 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 653.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 82.16 653.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 95.26 653.85 Td (value ) Tj ET Q q 0 0 0 rg BT 114.58 653.85 Td (uses ) Tj ET Q q 0 0 0 rg BT 130.36 653.85 Td (Level ) Tj ET Q q 0 0 0 rg BT 150.57 653.85 Td (2 ) Tj ET Q q 0 0 0 rg BT 156.57 653.85 Td (inputs ) Tj ET Q q 0 0 0 rg BT 178.13 653.85 Td (as ) Tj ET Q q 0 0 0 rg BT 186.79 653.85 Td (described ) Tj ET Q q 0 0 0 rg BT 219.45 653.85 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.67 653.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 245.22 653.85 Td (14, ) Tj ET Q q 0 0 0 rg BT 257.22 653.85 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 292.25 653.85 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 332.03 653.85 Td (and ) Tj ET Q q 0 0 0 rg BT 345.58 653.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 360.32 653.85 Td (V) Tj ET Q q 0 0 0 rg BT 365.21 653.85 Td (alue ) Tj ET Q q 0 0 0 rg BT 380.54 653.85 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.45 653.85 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 638.25 Td (The ) Tj ET Q q 0 0 0 rg BT 64.08 638.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 82.22 638.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 122.13 638.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 142.93 638.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.83 638.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 181.40 638.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 203.09 638.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 240.79 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.48 638.25 Td (rank ) Tj ET Q q 0 0 0 rg BT 270.83 638.25 Td (pari ) Tj ET Q q 0 0 0 rg BT 285.41 638.25 Td (passu ) Tj ET Q q 0 0 0 rg BT 305.33 638.25 Td (with ) Tj ET Q q 0 0 0 rg BT 321.69 638.25 Td (all ) Tj ET Q q 0 0 0 rg BT 331.83 638.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 359.30 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.99 638.25 Td (future ) Tj ET Q q 0 0 0 rg BT 394.23 638.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 415.92 638.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 459.38 638.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.07 638.25 Td (are ) Tj ET Q q 0 0 0 rg BT 484.98 638.25 Td (ef) Tj ET Q q 0 0 0 rg BT 491.05 638.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 521.17 638.25 Td (subordinated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 628.65 Td (to ) Tj ET Q q 0 0 0 rg BT 58.06 628.65 Td (all ) Tj ET Q q 0 0 0 rg BT 68.39 628.65 Td (existing ) Tj ET Q q 0 0 0 rg BT 96.06 628.65 Td (and ) Tj ET Q q 0 0 0 rg BT 109.95 628.65 Td (future ) Tj ET Q q 0 0 0 rg BT 131.38 628.65 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 175.04 628.65 Td (of ) Tj ET Q q 0 0 0 rg BT 184.04 628.65 Td (our ) Tj ET Q q 0 0 0 rg BT 197.04 628.65 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 238.98 628.65 Td (The ) Tj ET Q q 0 0 0 rg BT 253.76 628.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 283.20 628.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 322.87 628.65 Td (are ) Tj ET Q q 0 0 0 rg BT 334.97 628.65 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 372.40 628.65 Td (by ) Tj ET Q q 0 0 0 rg BT 382.73 628.65 Td (our ) Tj ET Q q 0 0 0 rg BT 395.73 628.65 Td (wholly ) Tj ET Q q 0 0 0 rg BT 420.29 628.65 Td (owned ) Tj ET Q q 0 0 0 rg BT 443.96 628.65 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 484.07 628.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 503.74 628.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 526.51 628.65 Td (Enterprises ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 619.05 Td (N.V) Tj ET Q q 0 0 0 rg BT 62.02 619.05 Td (. ) Tj ET Q q 0 0 0 rg BT 66.02 619.05 Td (\(CME ) Tj ET Q q 0 0 0 rg BT 91.57 619.05 Td (NV\) ) Tj ET Q q 0 0 0 rg BT 111.34 619.05 Td (and ) Tj ET Q q 0 0 0 rg BT 124.89 619.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 144.23 619.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 166.67 619.05 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 204.66 619.05 Td (B.V) Tj ET Q q 0 0 0 rg BT 216.74 619.05 Td (. ) Tj ET Q q 0 0 0 rg BT 220.74 619.05 Td (\("CME ) Tj ET Q q 0 0 0 rg BT 246.00 619.05 Td (BV"\) ) Tj ET Q q 0 0 0 rg BT 265.05 619.05 Td (and ) Tj ET Q q 0 0 0 rg BT 278.60 619.05 Td (are ) Tj ET Q q 0 0 0 rg BT 290.36 619.05 Td (secured ) Tj ET Q q 0 0 0 rg BT 316.79 619.05 Td (by ) Tj ET Q q 0 0 0 rg BT 326.79 619.05 Td (a ) Tj ET Q q 0 0 0 rg BT 332.34 619.05 Td (pledge ) Tj ET Q q 0 0 0 rg BT 355.67 619.05 Td (of ) Tj ET Q q 0 0 0 rg BT 364.33 619.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 386.32 619.05 Td (of ) Tj ET Q q 0 0 0 rg BT 394.99 619.05 Td (those ) Tj ET Q q 0 0 0 rg BT 413.88 619.05 Td (companies.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 603.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 67.48 603.45 Td (to ) Tj ET Q q 0 0 0 rg BT 75.24 603.45 Td (August ) Tj ET Q q 0 0 0 rg BT 100.33 603.45 Td (15, ) Tj ET Q q 0 0 0 rg BT 112.30 603.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 132.28 603.45 Td (the ) Tj ET Q q 0 0 0 rg BT 144.03 603.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 162.00 603.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 201.75 603.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.39 603.45 Td (are ) Tj ET Q q 0 0 0 rg BT 234.13 603.45 Td (convertible ) Tj ET Q q 0 0 0 rg BT 272.09 603.45 Td (following ) Tj ET Q q 0 0 0 rg BT 305.17 603.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.91 603.45 Td (events ) Tj ET Q q 0 0 0 rg BT 351.32 603.45 Td (and ) Tj ET Q q 0 0 0 rg BT 364.85 603.45 Td (from ) Tj ET Q q 0 0 0 rg BT 382.38 603.45 Td (that ) Tj ET Q q 0 0 0 rg BT 396.35 603.45 Td (date, ) Tj ET Q q 0 0 0 rg BT 413.65 603.45 Td (at ) Tj ET Q q 0 0 0 rg BT 421.40 603.45 Td (any ) Tj ET Q q 0 0 0 rg BT 434.92 603.45 Td (time, ) Tj ET Q q 0 0 0 rg BT 453.12 603.45 Td (based ) Tj ET Q q 0 0 0 rg BT 473.31 603.45 Td (on ) Tj ET Q q 0 0 0 rg BT 483.28 603.45 Td (an ) Tj ET Q q 0 0 0 rg BT 492.81 603.45 Td (initial ) Tj ET Q q 0 0 0 rg BT 513.45 603.45 Td (conversion ) Tj ET Q q 0 0 0 rg BT 550.53 603.45 Td (rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 593.85 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.19 593.85 Td (20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.19 593.85 Td ( ) Tj ET Q q 0 0 0 rg BT 68.21 593.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 90.23 593.85 Td (of ) Tj ET Q q 0 0 0 rg BT 98.92 593.85 Td (our ) Tj ET Q q 0 0 0 rg BT 111.61 593.85 Td (Class ) Tj ET Q q 0 0 0 rg BT 130.52 593.85 Td (A) Tj ET Q q 0 0 0 rg BT 135.86 593.85 Td ( ) Tj ET Q q 0 0 0 rg BT 137.88 593.85 Td (common ) Tj ET Q q 0 0 0 rg BT 167.90 593.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 186.81 593.85 Td (per ) Tj ET Q q 0 0 0 rg BT 199.05 593.85 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.30 593.85 Td (1,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.30 593.85 Td ( ) Tj ET Q q 0 0 0 rg BT 235.33 593.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 265.78 593.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 291.81 593.85 Td (of ) Tj ET Q q 0 0 0 rg BT 300.49 593.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 318.52 593.85 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 358.31 593.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 379.00 593.85 Td (\(which ) Tj ET Q q 0 0 0 rg BT 403.24 593.85 Td (is ) Tj ET Q q 0 0 0 rg BT 410.60 593.85 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 445.94 593.85 Td (to ) Tj ET Q q 0 0 0 rg BT 454.19 593.85 Td (an ) Tj ET Q q 0 0 0 rg BT 463.77 593.85 Td (initial ) Tj ET Q q 0 0 0 rg BT 484.46 593.85 Td (conversion ) Tj ET Q q 0 0 0 rg BT 521.58 593.85 Td (price ) Tj ET Q q 0 0 0 rg BT 539.59 593.85 Td (of ) Tj ET Q q 0 0 0 rg BT 548.28 593.85 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (50.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.91 584.25 Td (per ) Tj ET Q q 0 0 0 rg BT 82.53 584.25 Td (share\). ) Tj ET Q q 0 0 0 rg BT 106.31 584.25 Td (The ) Tj ET Q q 0 0 0 rg BT 121.16 584.25 Td (conversion ) Tj ET Q q 0 0 0 rg BT 158.67 584.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 173.07 584.25 Td (is ) Tj ET Q q 0 0 0 rg BT 180.81 584.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 205.88 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.51 584.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 252.03 584.25 Td (if ) Tj ET Q q 0 0 0 rg BT 259.32 584.25 Td (we ) Tj ET Q q 0 0 0 rg BT 271.06 584.25 Td (make ) Tj ET Q q 0 0 0 rg BT 290.79 584.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 314.96 584.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 357.38 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.01 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.19 584.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 404.15 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.23 584.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 435.63 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.70 584.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.77 584.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 476.99 584.25 Td (A) Tj ET Q q 0 0 0 rg BT 482.32 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.73 584.25 Td (common ) Tj ET Q q 0 0 0 rg BT 515.14 584.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 536.43 584.25 Td (under) Tj ET Q q 0 0 0 rg BT 554.50 584.25 Td (go ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 574.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 72.98 574.65 Td (corporate ) Tj ET Q q 0 0 0 rg BT 104.89 574.65 Td (transactions ) Tj ET Q q 0 0 0 rg BT 144.82 574.65 Td (or ) Tj ET Q q 0 0 0 rg BT 153.20 574.65 Td (a ) Tj ET Q q 0 0 0 rg BT 158.46 574.65 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 200.16 574.65 Td (change, ) Tj ET Q q 0 0 0 rg BT 226.53 574.65 Td (and ) Tj ET Q q 0 0 0 rg BT 239.80 574.65 Td (in ) Tj ET Q q 0 0 0 rg BT 247.73 574.65 Td (other ) Tj ET Q q 0 0 0 rg BT 265.89 574.65 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 312.91 574.65 Td (specified ) Tj ET Q q 0 0 0 rg BT 343.50 574.65 Td (in ) Tj ET Q q 0 0 0 rg BT 351.44 574.65 Td (the ) Tj ET Q q 0 0 0 rg BT 362.93 574.65 Td (2015 ) Tj ET Q q 0 0 0 rg BT 380.64 574.65 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 420.13 574.65 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 442.51 574.65 Td (From ) Tj ET Q q 0 0 0 rg BT 461.56 574.65 Td (time ) Tj ET Q q 0 0 0 rg BT 477.49 574.65 Td (to ) Tj ET Q q 0 0 0 rg BT 485.43 574.65 Td (time ) Tj ET Q q 0 0 0 rg BT 501.36 574.65 Td (up ) Tj ET Q q 0 0 0 rg BT 511.08 574.65 Td (to ) Tj ET Q q 0 0 0 rg BT 519.02 574.65 Td (and ) Tj ET Q q 0 0 0 rg BT 532.28 574.65 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 565.05 Td (August ) Tj ET Q q 0 0 0 rg BT 74.63 565.05 Td (15, ) Tj ET Q q 0 0 0 rg BT 86.66 565.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 106.68 565.05 Td (we ) Tj ET Q q 0 0 0 rg BT 118.03 565.05 Td (will ) Tj ET Q q 0 0 0 rg BT 132.49 565.05 Td (have ) Tj ET Q q 0 0 0 rg BT 149.62 565.05 Td (the ) Tj ET Q q 0 0 0 rg BT 161.41 565.05 Td (right ) Tj ET Q q 0 0 0 rg BT 178.54 565.05 Td (to ) Tj ET Q q 0 0 0 rg BT 186.79 565.05 Td (elect ) Tj ET Q q 0 0 0 rg BT 203.91 565.05 Td (to ) Tj ET Q q 0 0 0 rg BT 212.15 565.05 Td (deliver ) Tj ET Q q 0 0 0 rg BT 236.38 565.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 245.96 565.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 267.97 565.05 Td (of ) Tj ET Q q 0 0 0 rg BT 276.65 565.05 Td (our ) Tj ET Q q 0 0 0 rg BT 289.34 565.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 308.25 565.05 Td (A) Tj ET Q q 0 0 0 rg BT 313.59 565.05 Td ( ) Tj ET Q q 0 0 0 rg BT 315.61 565.05 Td (common ) Tj ET Q q 0 0 0 rg BT 345.63 565.05 Td (stock, ) Tj ET Q q 0 0 0 rg BT 366.53 565.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 378.33 565.05 Td (cash, ) Tj ET Q q 0 0 0 rg BT 396.57 565.05 Td (or ) Tj ET Q q 0 0 0 rg BT 405.25 565.05 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 419.27 565.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.50 565.05 Td (and, ) Tj ET Q q 0 0 0 rg BT 451.08 565.05 Td (if ) Tj ET Q q 0 0 0 rg BT 457.99 565.05 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 494.88 565.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.89 565.05 Td (of ) Tj ET Q q 0 0 0 rg BT 525.58 565.05 Td (our ) Tj ET Q q 0 0 0 rg BT 538.26 565.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 557.17 565.05 Td (A) Tj ET Q q 0 0 0 rg BT 562.51 565.05 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 555.45 Td (common ) Tj ET Q q 0 0 0 rg BT 79.18 555.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 97.76 555.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 115.45 555.45 Td (conversion ) Tj ET Q q 0 0 0 rg BT 152.23 555.45 Td (of ) Tj ET Q q 0 0 0 rg BT 160.59 555.45 Td (the ) Tj ET Q q 0 0 0 rg BT 172.05 555.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 189.73 555.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 229.19 555.45 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 251.17 555.45 Td (At ) Tj ET Q q 0 0 0 rg BT 260.86 555.45 Td (present, ) Tj ET Q q 0 0 0 rg BT 287.65 555.45 Td (we ) Tj ET Q q 0 0 0 rg BT 298.66 555.45 Td (have ) Tj ET Q q 0 0 0 rg BT 315.45 555.45 Td (elected ) Tj ET Q q 0 0 0 rg BT 339.79 555.45 Td (to ) Tj ET Q q 0 0 0 rg BT 347.70 555.45 Td (deliver ) Tj ET Q q 0 0 0 rg BT 371.60 555.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 387.50 555.45 Td (and, ) Tj ET Q q 0 0 0 rg BT 402.74 555.45 Td (if ) Tj ET Q q 0 0 0 rg BT 409.31 555.45 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 445.87 555.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 467.55 555.45 Td (of ) Tj ET Q q 0 0 0 rg BT 475.90 555.45 Td (our ) Tj ET Q q 0 0 0 rg BT 488.25 555.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 506.90 555.45 Td (A) Tj ET Q q 0 0 0 rg BT 512.24 555.45 Td ( ) Tj ET Q q 0 0 0 rg BT 513.93 555.45 Td (common ) Tj ET Q q 0 0 0 rg BT 543.61 555.45 Td (stock. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 545.85 Td (As ) Tj ET Q q 0 0 0 rg BT 60.20 545.85 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.79 545.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 114.47 545.85 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 130.47 545.85 Td (, ) Tj ET Q q 0 0 0 rg BT 134.28 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 145.86 545.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 163.67 545.85 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 203.25 545.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 223.73 545.85 Td (may ) Tj ET Q q 0 0 0 rg BT 239.32 545.85 Td (not ) Tj ET Q q 0 0 0 rg BT 251.35 545.85 Td (be ) Tj ET Q q 0 0 0 rg BT 260.71 545.85 Td (converted. ) Tj ET Q q 0 0 0 rg BT 296.06 545.85 Td (In ) Tj ET Q q 0 0 0 rg BT 304.54 545.85 Td (addition, ) Tj ET Q q 0 0 0 rg BT 334.57 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 346.15 545.85 Td (holders ) Tj ET Q q 0 0 0 rg BT 371.52 545.85 Td (of ) Tj ET Q q 0 0 0 rg BT 379.99 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 391.58 545.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 409.39 545.85 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 448.97 545.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 469.44 545.85 Td (have ) Tj ET Q q 0 0 0 rg BT 486.36 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 497.94 545.85 Td (right ) Tj ET Q q 0 0 0 rg BT 514.86 545.85 Td (to ) Tj ET Q q 0 0 0 rg BT 522.90 545.85 Td (put ) Tj ET Q q 0 0 0 rg BT 534.93 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 546.52 545.85 Td (2015 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 89.58 536.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 110.55 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.08 536.25 Td (us ) Tj ET Q q 0 0 0 rg BT 128.50 536.25 Td (for ) Tj ET Q q 0 0 0 rg BT 140.13 536.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 156.65 536.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 176.28 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.81 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.89 536.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 230.29 536.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 261.03 536.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 287.33 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.30 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.38 536.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 326.69 536.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 366.77 536.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 387.74 536.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 403.38 536.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 430.55 536.25 Td (but ) Tj ET Q q 0 0 0 rg BT 443.08 536.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 467.16 536.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 493.02 536.25 Td (thereon ) Tj ET Q q 0 0 0 rg BT 519.31 536.25 Td (following ) Tj ET Q q 0 0 0 rg BT 552.73 536.25 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 526.65 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 86.52 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 95.12 526.65 Td (certain ) Tj ET Q q 0 0 0 rg BT 118.82 526.65 Td (specified ) Tj ET Q q 0 0 0 rg BT 149.64 526.65 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 191.56 526.65 Td (changes ) Tj ET Q q 0 0 0 rg BT 219.26 526.65 Td (\(including ) Tj ET Q q 0 0 0 rg BT 254.08 526.65 Td (a ) Tj ET Q q 0 0 0 rg BT 259.57 526.65 Td (change ) Tj ET Q q 0 0 0 rg BT 284.17 526.65 Td (of ) Tj ET Q q 0 0 0 rg BT 292.77 526.65 Td (control ) Tj ET Q q 0 0 0 rg BT 317.37 526.65 Td (\(which ) Tj ET Q q 0 0 0 rg BT 341.52 526.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 370.12 526.65 Td (the ) Tj ET Q q 0 0 0 rg BT 381.83 526.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 418.87 526.65 Td (by ) Tj ET Q q 0 0 0 rg BT 428.81 526.65 Td (a ) Tj ET Q q 0 0 0 rg BT 434.30 526.65 Td (person ) Tj ET Q q 0 0 0 rg BT 457.57 526.65 Td (or ) Tj ET Q q 0 0 0 rg BT 466.17 526.65 Td (group ) Tj ET Q q 0 0 0 rg BT 486.77 526.65 Td (\(as ) Tj ET Q q 0 0 0 rg BT 498.04 526.65 Td (such ) Tj ET Q q 0 0 0 rg BT 514.64 526.65 Td (term ) Tj ET Q q 0 0 0 rg BT 531.24 526.65 Td (is ) Tj ET Q q 0 0 0 rg BT 538.52 526.65 Td (defined ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 517.05 Td (in ) Tj ET Q q 0 0 0 rg BT 57.38 517.05 Td (Section ) Tj ET Q q 0 0 0 rg BT 83.03 517.05 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 111.34 517.05 Td (of ) Tj ET Q q 0 0 0 rg BT 119.66 517.05 Td (the ) Tj ET Q q 0 0 0 rg BT 131.08 517.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 164.29 517.05 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 197.11 517.05 Td (Act ) Tj ET Q q 0 0 0 rg BT 210.32 517.05 Td (of ) Tj ET Q q 0 0 0 rg BT 218.64 517.05 Td (1934, ) Tj ET Q q 0 0 0 rg BT 238.29 517.05 Td (as ) Tj ET Q q 0 0 0 rg BT 246.61 517.05 Td (amended ) Tj ET Q q 0 0 0 rg BT 277.14 517.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 291.23 517.05 Td ("Exchange ) Tj ET Q q 0 0 0 rg BT 327.32 517.05 Td (Act"\)\) ) Tj ET Q q 0 0 0 rg BT 349.12 517.05 Td (of ) Tj ET Q q 0 0 0 rg BT 357.44 517.05 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 390.63 517.05 Td (ownership ) Tj ET Q q 0 0 0 rg BT 425.61 517.05 Td (of ) Tj ET Q q 0 0 0 rg BT 433.93 517.05 Td (more ) Tj ET Q q 0 0 0 rg BT 452.02 517.05 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.45 517.05 Td (50%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.12 517.05 Td ( ) Tj ET Q q 0 0 0 rg BT 483.77 517.05 Td (of ) Tj ET Q q 0 0 0 rg BT 492.09 517.05 Td (the ) Tj ET Q q 0 0 0 rg BT 503.52 517.05 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 542.50 517.05 Td (shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 507.45 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 507.45 Td (our ) Tj ET Q q 0 0 0 rg BT 70.83 507.45 Td (Class ) Tj ET Q q 0 0 0 rg BT 89.72 507.45 Td (A) Tj ET Q q 0 0 0 rg BT 95.06 507.45 Td ( ) Tj ET Q q 0 0 0 rg BT 97.06 507.45 Td (common ) Tj ET Q q 0 0 0 rg BT 127.05 507.45 Td (stock\), ) Tj ET Q q 0 0 0 rg BT 150.61 507.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 174.37 507.45 Td (mer) Tj ET Q q 0 0 0 rg BT 186.66 507.45 Td (gers, ) Tj ET Q q 0 0 0 rg BT 203.99 507.45 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 240.65 507.45 Td (and ) Tj ET Q q 0 0 0 rg BT 254.20 507.45 Td (a ) Tj ET Q q 0 0 0 rg BT 259.75 507.45 Td (delisting\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 491.85 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 491.85 Td (e ) Tj ET Q q 0 0 0 rg BT 61.54 491.85 Td (separately ) Tj ET Q q 0 0 0 rg BT 95.55 491.85 Td (account ) Tj ET Q q 0 0 0 rg BT 122.00 491.85 Td (for ) Tj ET Q q 0 0 0 rg BT 132.91 491.85 Td (the ) Tj ET Q q 0 0 0 rg BT 144.26 491.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 170.73 491.85 Td (and ) Tj ET Q q 0 0 0 rg BT 183.86 491.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 205.44 491.85 Td (components ) Tj ET Q q 0 0 0 rg BT 245.68 491.85 Td (of ) Tj ET Q q 0 0 0 rg BT 253.92 491.85 Td (the ) Tj ET Q q 0 0 0 rg BT 265.28 491.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 282.86 491.85 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 322.21 491.85 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 344.33 491.85 Td (The ) Tj ET Q q 0 0 0 rg BT 358.35 491.85 Td (embedded ) Tj ET Q q 0 0 0 rg BT 392.81 491.85 Td (conversion ) Tj ET Q q 0 0 0 rg BT 429.49 491.85 Td (option ) Tj ET Q q 0 0 0 rg BT 451.51 491.85 Td (is ) Tj ET Q q 0 0 0 rg BT 458.43 491.85 Td (not ) Tj ET Q q 0 0 0 rg BT 470.23 491.85 Td (accounted ) Tj ET Q q 0 0 0 rg BT 504.24 491.85 Td (for ) Tj ET Q q 0 0 0 rg BT 515.15 491.85 Td (as ) Tj ET Q q 0 0 0 rg BT 523.39 491.85 Td (a ) Tj ET Q q 0 0 0 rg BT 528.52 491.85 Td (derivative.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 437.35 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 437.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 437.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 437.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 437.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 437.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 437.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 437.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 407.35 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.00 407.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.00 407.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 407.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 407.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 407.35 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 407.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 407.35 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270 437.35 m 340 437.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 437.35 m 414 437.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 437.35 m 488 437.35 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 437.35 m 562 437.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 407.35 m 340 407.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 393.35 m 340 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270 391.35 m 340 391.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 407.35 m 414 407.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 393.35 m 414 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 391.35 m 414 391.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 407.35 m 488 407.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 393.35 m 488 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 391.35 m 488 391.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 407.35 m 562 407.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 393.35 m 562 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 391.35 m 562 391.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 441.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.35 457.58 Td (Principal Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.45 449.58 Td (of Liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.45 441.58 Td (Component) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.60 449.58 Td (Unamortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.25 441.58 Td (Discount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.95 449.58 Td (Net Carrying) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.45 441.58 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 449.58 Td (Equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.45 441.58 Td (Component) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 426.58 Td (BALANCE December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.50 426.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.80 426.58 Td (261,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.50 426.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.10 426.58 Td (\(29,222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.80 426.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 426.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.80 426.58 Td (231,812) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.50 426.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 426.58 Td (11,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 411.60 Td (Amortization of debt issuance discount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.80 411.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 411.60 Td (9,381) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 411.60 Td (9,381) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 411.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 396.58 Td (BALANCE December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.50 396.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.80 396.58 Td (261,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.50 396.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.10 396.58 Td (\(19,841) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.80 396.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 396.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.80 396.58 Td (241,193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.50 396.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 396.58 Td (11,907) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 63.73 377.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 92.63 377.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 121.54 377.25 Td (is ) Tj ET Q q 0 0 0 rg BT 128.67 377.25 Td (being ) Tj ET Q q 0 0 0 rg BT 148.24 377.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 182.02 377.25 Td (over ) Tj ET Q q 0 0 0 rg BT 198.04 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.61 377.25 Td (life ) Tj ET Q q 0 0 0 rg BT 222.06 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.52 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.09 377.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.89 377.25 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 299.46 377.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 319.92 377.25 Td (using ) Tj ET Q q 0 0 0 rg BT 339.05 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.62 377.25 Td (ef) Tj ET Q q 0 0 0 rg BT 356.69 377.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 380.25 377.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 405.59 377.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 433.26 377.25 Td (The ) Tj ET Q q 0 0 0 rg BT 447.49 377.25 Td (ef) Tj ET Q q 0 0 0 rg BT 453.56 377.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 477.12 377.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 502.46 377.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 516.25 377.25 Td (on ) Tj ET Q q 0 0 0 rg BT 526.05 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.62 377.25 Td (liability ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 367.65 Td (component ) Tj ET Q q 0 0 0 rg BT 87.05 367.65 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.49 367.65 Td (10.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 122.15 367.65 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 352.05 Td (Certain ) Tj ET Q q 0 0 0 rg BT 75.14 352.05 Td (other ) Tj ET Q q 0 0 0 rg BT 93.67 352.05 Td (derivative ) Tj ET Q q 0 0 0 rg BT 127.75 352.05 Td (instruments ) Tj ET Q q 0 0 0 rg BT 167.18 352.05 Td (have ) Tj ET Q q 0 0 0 rg BT 184.38 352.05 Td (been ) Tj ET Q q 0 0 0 rg BT 201.57 352.05 Td (identified ) Tj ET Q q 0 0 0 rg BT 234.32 352.05 Td (as ) Tj ET Q q 0 0 0 rg BT 243.08 352.05 Td (being ) Tj ET Q q 0 0 0 rg BT 262.95 352.05 Td (embedded ) Tj ET Q q 0 0 0 rg BT 297.92 352.05 Td (in ) Tj ET Q q 0 0 0 rg BT 306.24 352.05 Td (the ) Tj ET Q q 0 0 0 rg BT 318.11 352.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 336.20 352.05 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 376.06 352.05 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 398.82 352.05 Td (but ) Tj ET Q q 0 0 0 rg BT 411.14 352.05 Td (as ) Tj ET Q q 0 0 0 rg BT 419.90 352.05 Td (they ) Tj ET Q q 0 0 0 rg BT 435.77 352.05 Td (are ) Tj ET Q q 0 0 0 rg BT 447.63 352.05 Td (considered ) Tj ET Q q 0 0 0 rg BT 484.38 352.05 Td (to ) Tj ET Q q 0 0 0 rg BT 492.69 352.05 Td (be ) Tj ET Q q 0 0 0 rg BT 502.34 352.05 Td (clearly ) Tj ET Q q 0 0 0 rg BT 526.19 352.05 Td (and ) Tj ET Q q 0 0 0 rg BT 539.84 352.05 Td (closely ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 342.45 Td (related ) Tj ET Q q 0 0 0 rg BT 73.26 342.45 Td (to ) Tj ET Q q 0 0 0 rg BT 81.48 342.45 Td (the ) Tj ET Q q 0 0 0 rg BT 93.26 342.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 111.26 342.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 151.03 342.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.69 342.45 Td (they ) Tj ET Q q 0 0 0 rg BT 187.46 342.45 Td (are ) Tj ET Q q 0 0 0 rg BT 199.23 342.45 Td (not ) Tj ET Q q 0 0 0 rg BT 211.45 342.45 Td (accounted ) Tj ET Q q 0 0 0 rg BT 245.88 342.45 Td (for ) Tj ET Q q 0 0 0 rg BT 257.21 342.45 Td (separately) Tj ET Q q 0 0 0 rg BT 289.11 342.45 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 323.85 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 70.61 323.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 88.60 323.85 Td (Notes) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 67.50 305.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 87.71 305.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 104.37 305.25 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 289.65 Td (In ) Tj ET Q q 0 0 0 rg BT 58.36 289.65 Td (June ) Tj ET Q q 0 0 0 rg BT 75.21 289.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 95.40 289.65 Td (we ) Tj ET Q q 0 0 0 rg BT 106.92 289.65 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 147.76 289.65 Td (EUR) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.76 289.65 Td (205.6 ) Tj ET Q q 0 0 0 rg BT 185.95 289.65 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.06 289.65 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 262.13 289.65 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.54 289.65 Td (270.0 ) Tj ET Q q 0 0 0 rg BT 298.73 289.65 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.85 289.65 Td (at ) Tj ET Q q 0 0 0 rg BT 331.81 289.65 Td (the ) Tj ET Q q 0 0 0 rg BT 343.78 289.65 Td (transaction ) Tj ET Q q 0 0 0 rg BT 381.07 289.65 Td (date\) ) Tj ET Q q 0 0 0 rg BT 399.25 289.65 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 432.53 289.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.15 289.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 489.34 289.65 Td (of ) Tj ET Q q 0 0 0 rg BT 498.20 289.65 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.05 289.65 Td (1) Tj ET Q q 0 0 0 rg BT 514.75 289.65 Td (1.625%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.42 289.65 Td ( ) Tj ET Q q 0 0 0 rg BT 541.61 289.65 Td (Senior ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 280.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 70.08 280.05 Td (due ) Tj ET Q q 0 0 0 rg BT 83.54 280.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 101.45 280.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 115.80 280.05 Td ("2016 ) Tj ET Q q 0 0 0 rg BT 136.97 280.05 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 157.11 280.05 Td (Rate ) Tj ET Q q 0 0 0 rg BT 173.68 280.05 Td (Notes"\) ) Tj ET Q q 0 0 0 rg BT 200.18 280.05 Td (for ) Tj ET Q q 0 0 0 rg BT 211.42 280.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.55 280.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 272.56 280.05 Td (of ) Tj ET Q q 0 0 0 rg BT 281.13 280.05 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.04 280.05 Td (228.4 ) Tj ET Q q 0 0 0 rg BT 318.96 280.05 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.07 280.05 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 394.85 280.05 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.99 280.05 Td (300.0 ) Tj ET Q q 0 0 0 rg BT 430.90 280.05 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.01 280.05 Td (at ) Tj ET Q q 0 0 0 rg BT 463.70 280.05 Td (the ) Tj ET Q q 0 0 0 rg BT 475.38 280.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 512.39 280.05 Td (date\), ) Tj ET Q q 0 0 0 rg BT 532.29 280.05 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 270.45 Td (accrued ) Tj ET Q q 0 0 0 rg BT 75.58 270.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 100.34 270.45 Td (of ) Tj ET Q q 0 0 0 rg BT 108.22 270.45 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 125.44 270.45 Td (6.8 ) Tj ET Q q 0 0 0 rg BT 136.65 270.45 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.77 270.45 Td ( ) Tj ET Q q 0 0 0 rg BT 160.98 270.45 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 211.07 270.45 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.51 270.45 Td (9.0 ) Tj ET Q q 0 0 0 rg BT 237.72 270.45 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.84 270.45 Td ( ) Tj ET Q q 0 0 0 rg BT 262.05 270.45 Td (at ) Tj ET Q q 0 0 0 rg BT 269.04 270.45 Td (the ) Tj ET Q q 0 0 0 rg BT 280.03 270.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 316.34 270.45 Td (date\). ) Tj ET Q q 0 0 0 rg BT 335.54 270.45 Td (In ) Tj ET Q q 0 0 0 rg BT 343.42 270.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 379.73 270.45 Td (with ) Tj ET Q q 0 0 0 rg BT 395.17 270.45 Td (this ) Tj ET Q q 0 0 0 rg BT 407.95 270.45 Td (repurchase, ) Tj ET Q q 0 0 0 rg BT 445.80 270.45 Td (we ) Tj ET Q q 0 0 0 rg BT 456.35 270.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 485.54 270.45 Td (a ) Tj ET Q q 0 0 0 rg BT 490.31 270.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 503.97 270.45 Td (on ) Tj ET Q q 0 0 0 rg BT 513.19 270.45 Td (extinguishment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 58.73 260.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 75.07 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 84.30 260.85 Td (US$) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 100.53 260.85 Td (23.1 ) Tj ET Q q 0 0 0 rg BT 117.09 260.85 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 140.21 260.85 Td (, ) Tj ET Q q 0 0 0 rg BT 144.77 260.85 Td (including ) Tj ET Q q 0 0 0 rg BT 177.56 260.85 Td (the ) Tj ET Q q 0 0 0 rg BT 189.90 260.85 Td (write ) Tj ET Q q 0 0 0 rg BT 208.90 260.85 Td (of) Tj ET Q q 0 0 0 rg BT 215.42 260.85 Td (f ) Tj ET Q q 0 0 0 rg BT 220.65 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 229.88 260.85 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.68 260.85 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 259.24 260.85 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.36 260.85 Td (of ) Tj ET Q q 0 0 0 rg BT 293.59 260.85 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 336.14 260.85 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.48 260.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 382.14 260.85 Td (costs, ) Tj ET Q q 0 0 0 rg BT 402.71 260.85 Td (which ) Tj ET Q q 0 0 0 rg BT 424.83 260.85 Td (is ) Tj ET Q q 0 0 0 rg BT 432.73 260.85 Td (separately ) Tj ET Q q 0 0 0 rg BT 467.72 260.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 500.94 260.85 Td (in ) Tj ET Q q 0 0 0 rg BT 509.73 260.85 Td (the ) Tj ET Q q 0 0 0 rg BT 522.07 260.85 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 81.68 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.87 251.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 124.71 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.79 251.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 187.74 251.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 214.81 251.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 249.23 251.25 Td (this ) Tj ET Q q 0 0 0 rg BT 262.31 251.25 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 300.93 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.23 251.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 342.18 251.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 367.70 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.89 251.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 393.41 251.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 413.16 251.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 429.34 251.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 449.53 251.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 488.39 251.25 Td (was ) Tj ET Q q 0 0 0 rg BT 502.35 251.25 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.88 251.25 Td (273.0 ) Tj ET Q q 0 0 0 rg BT 539.40 251.25 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.51 251.25 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 241.65 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 100.37 241.65 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.60 241.65 Td (376.5 ) Tj ET Q q 0 0 0 rg BT 136.60 241.65 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.71 241.65 Td (\) ) Tj ET Q q 0 0 0 rg BT 164.38 241.65 Td (as ) Tj ET Q q 0 0 0 rg BT 173.04 241.65 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.81 241.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 227.68 241.65 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.68 241.65 Td (. ) Tj ET Q q 0 0 0 rg BT 247.54 241.65 Td (The ) Tj ET Q q 0 0 0 rg BT 261.97 241.65 Td (2016 ) Tj ET Q q 0 0 0 rg BT 279.97 241.65 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 300.20 241.65 Td (Rate ) Tj ET Q q 0 0 0 rg BT 316.86 241.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 337.52 241.65 Td (mature ) Tj ET Q q 0 0 0 rg BT 361.73 241.65 Td (on ) Tj ET Q q 0 0 0 rg BT 371.73 241.65 Td (September ) Tj ET Q q 0 0 0 rg BT 407.94 241.65 Td (15, ) Tj ET Q q 0 0 0 rg BT 419.94 241.65 Td (2016.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 226.05 Td (Interest ) Tj ET Q q 0 0 0 rg BT 75.41 226.05 Td (on ) Tj ET Q q 0 0 0 rg BT 85.33 226.05 Td (the ) Tj ET Q q 0 0 0 rg BT 97.03 226.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 114.95 226.05 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 135.09 226.05 Td (Rate ) Tj ET Q q 0 0 0 rg BT 151.68 226.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 172.26 226.05 Td (is ) Tj ET Q q 0 0 0 rg BT 179.52 226.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 206.32 226.05 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 253.56 226.05 Td (in ) Tj ET Q q 0 0 0 rg BT 261.70 226.05 Td (arrears ) Tj ET Q q 0 0 0 rg BT 285.38 226.05 Td (on ) Tj ET Q q 0 0 0 rg BT 295.30 226.05 Td (each ) Tj ET Q q 0 0 0 rg BT 311.88 226.05 Td (March ) Tj ET Q q 0 0 0 rg BT 334.68 226.05 Td (15 ) Tj ET Q q 0 0 0 rg BT 344.60 226.05 Td (and ) Tj ET Q q 0 0 0 rg BT 358.07 226.05 Td (September ) Tj ET Q q 0 0 0 rg BT 394.21 226.05 Td (15. ) Tj ET Q q 0 0 0 rg BT 405.99 226.05 Td (The ) Tj ET Q q 0 0 0 rg BT 420.35 226.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.37 226.05 Td (value ) Tj ET Q q 0 0 0 rg BT 452.62 226.05 Td (of ) Tj ET Q q 0 0 0 rg BT 461.21 226.05 Td (the ) Tj ET Q q 0 0 0 rg BT 472.90 226.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 490.82 226.05 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 510.97 226.05 Td (Rate ) Tj ET Q q 0 0 0 rg BT 527.55 226.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 548.13 226.05 Td (as ) Tj ET Q q 0 0 0 rg BT 556.72 226.05 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 216.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.54 216.45 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.54 216.45 Td ( ) Tj ET Q q 0 0 0 rg BT 114.71 216.45 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 128.42 216.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 175.46 216.45 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.46 216.45 Td ( ) Tj ET Q q 0 0 0 rg BT 193.63 216.45 Td (was ) Tj ET Q q 0 0 0 rg BT 208.24 216.45 Td (calculated ) Tj ET Q q 0 0 0 rg BT 242.83 216.45 Td (by ) Tj ET Q q 0 0 0 rg BT 253.00 216.45 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 292.50 216.45 Td (the ) Tj ET Q q 0 0 0 rg BT 304.45 216.45 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 343.95 216.45 Td (debt ) Tj ET Q q 0 0 0 rg BT 359.89 216.45 Td (by ) Tj ET Q q 0 0 0 rg BT 370.06 216.45 Td (the ) Tj ET Q q 0 0 0 rg BT 382.00 216.45 Td (traded ) Tj ET Q q 0 0 0 rg BT 404.16 216.45 Td (market ) Tj ET Q q 0 0 0 rg BT 428.54 216.45 Td (price. ) Tj ET Q q 0 0 0 rg BT 448.54 216.45 Td (This ) Tj ET Q q 0 0 0 rg BT 464.93 216.45 Td (measurement ) Tj ET Q q 0 0 0 rg BT 509.75 216.45 Td (of ) Tj ET Q q 0 0 0 rg BT 518.58 216.45 Td (estimated ) Tj ET Q q 0 0 0 rg BT 551.41 216.45 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 206.85 Td (value ) Tj ET Q q 0 0 0 rg BT 68.82 206.85 Td (uses ) Tj ET Q q 0 0 0 rg BT 84.60 206.85 Td (Level ) Tj ET Q q 0 0 0 rg BT 104.81 206.85 Td (2 ) Tj ET Q q 0 0 0 rg BT 110.81 206.85 Td (inputs ) Tj ET Q q 0 0 0 rg BT 132.37 206.85 Td (as ) Tj ET Q q 0 0 0 rg BT 141.04 206.85 Td (described ) Tj ET Q q 0 0 0 rg BT 173.69 206.85 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.91 206.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 199.46 206.85 Td (14, ) Tj ET Q q 0 0 0 rg BT 211.46 206.85 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 246.50 206.85 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 286.27 206.85 Td (and ) Tj ET Q q 0 0 0 rg BT 299.82 206.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 314.56 206.85 Td (V) Tj ET Q q 0 0 0 rg BT 319.45 206.85 Td (alue ) Tj ET Q q 0 0 0 rg BT 334.78 206.85 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.70 206.85 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 191.25 Td (The ) Tj ET Q q 0 0 0 rg BT 63.84 191.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 81.75 191.25 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 101.88 191.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 118.45 191.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 139.02 191.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.69 191.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 177.02 191.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 198.48 191.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 235.94 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.40 191.25 Td (rank ) Tj ET Q q 0 0 0 rg BT 265.52 191.25 Td (pari ) Tj ET Q q 0 0 0 rg BT 279.86 191.25 Td (passu ) Tj ET Q q 0 0 0 rg BT 299.55 191.25 Td (with ) Tj ET Q q 0 0 0 rg BT 315.68 191.25 Td (all ) Tj ET Q q 0 0 0 rg BT 325.58 191.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 352.82 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.27 191.25 Td (future ) Tj ET Q q 0 0 0 rg BT 387.28 191.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 408.74 191.25 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 451.97 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.43 191.25 Td (are ) Tj ET Q q 0 0 0 rg BT 477.10 191.25 Td (ef) Tj ET Q q 0 0 0 rg BT 483.17 191.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 513.06 191.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 556.29 191.25 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 181.65 Td (all ) Tj ET Q q 0 0 0 rg BT 59.31 181.65 Td (existing ) Tj ET Q q 0 0 0 rg BT 86.45 181.65 Td (and ) Tj ET Q q 0 0 0 rg BT 99.82 181.65 Td (future ) Tj ET Q q 0 0 0 rg BT 120.73 181.65 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 163.87 181.65 Td (of ) Tj ET Q q 0 0 0 rg BT 172.34 181.65 Td (our ) Tj ET Q q 0 0 0 rg BT 184.82 181.65 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 226.28 181.65 Td (The ) Tj ET Q q 0 0 0 rg BT 240.53 181.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 269.45 181.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 308.59 181.65 Td (are ) Tj ET Q q 0 0 0 rg BT 320.17 181.65 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 357.07 181.65 Td (by ) Tj ET Q q 0 0 0 rg BT 366.88 181.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 386.03 181.65 Td (NV) Tj ET Q q 0 0 0 rg BT 397.44 181.65 Td ( ) Tj ET Q q 0 0 0 rg BT 399.26 181.65 Td (and ) Tj ET Q q 0 0 0 rg BT 412.62 181.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 431.77 181.65 Td (BV) Tj ET Q q 0 0 0 rg BT 442.74 181.65 Td ( ) Tj ET Q q 0 0 0 rg BT 444.55 181.65 Td (and ) Tj ET Q q 0 0 0 rg BT 457.91 181.65 Td (are ) Tj ET Q q 0 0 0 rg BT 469.49 181.65 Td (secured ) Tj ET Q q 0 0 0 rg BT 495.73 181.65 Td (by ) Tj ET Q q 0 0 0 rg BT 505.54 181.65 Td (a ) Tj ET Q q 0 0 0 rg BT 510.91 181.65 Td (pledge ) Tj ET Q q 0 0 0 rg BT 534.04 181.65 Td (of ) Tj ET Q q 0 0 0 rg BT 542.52 181.65 Td (shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 172.05 Td (of ) Tj ET Q q 0 0 0 rg BT 58.28 172.05 Td (those ) Tj ET Q q 0 0 0 rg BT 77.28 172.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 117.16 172.05 Td (as ) Tj ET Q q 0 0 0 rg BT 125.94 172.05 Td (well ) Tj ET Q q 0 0 0 rg BT 141.83 172.05 Td (as ) Tj ET Q q 0 0 0 rg BT 150.61 172.05 Td (an ) Tj ET Q q 0 0 0 rg BT 160.27 172.05 Td (assignment ) Tj ET Q q 0 0 0 rg BT 198.38 172.05 Td (of ) Tj ET Q q 0 0 0 rg BT 207.16 172.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 231.03 172.05 Td (contractual ) Tj ET Q q 0 0 0 rg BT 268.68 172.05 Td (rights. ) Tj ET Q q 0 0 0 rg BT 290.86 172.05 Td (The ) Tj ET Q q 0 0 0 rg BT 305.41 172.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 325.30 172.05 Td (of ) Tj ET Q q 0 0 0 rg BT 334.08 172.05 Td (our ) Tj ET Q q 0 0 0 rg BT 346.85 172.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 364.97 172.05 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 385.30 172.05 Td (Rate ) Tj ET Q q 0 0 0 rg BT 402.08 172.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 422.85 172.05 Td (restrict ) Tj ET Q q 0 0 0 rg BT 447.18 172.05 Td (the ) Tj ET Q q 0 0 0 rg BT 459.07 172.05 Td (manner ) Tj ET Q q 0 0 0 rg BT 485.17 172.05 Td (in ) Tj ET Q q 0 0 0 rg BT 493.50 172.05 Td (which ) Tj ET Q q 0 0 0 rg BT 515.17 172.05 Td (our ) Tj ET Q q 0 0 0 rg BT 527.94 172.05 Td (business ) Tj ET Q q 0 0 0 rg BT 557.17 172.05 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 162.45 Td (conducted, ) Tj ET Q q 0 0 0 rg BT 86.04 162.45 Td (including ) Tj ET Q q 0 0 0 rg BT 117.92 162.45 Td (the ) Tj ET Q q 0 0 0 rg BT 129.35 162.45 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 164.77 162.45 Td (of ) Tj ET Q q 0 0 0 rg BT 173.10 162.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 206.75 162.45 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 251.74 162.45 Td (the ) Tj ET Q q 0 0 0 rg BT 263.17 162.45 Td (making ) Tj ET Q q 0 0 0 rg BT 288.83 162.45 Td (of ) Tj ET Q q 0 0 0 rg BT 297.16 162.45 Td (investments, ) Tj ET Q q 0 0 0 rg BT 339.04 162.45 Td (the ) Tj ET Q q 0 0 0 rg BT 350.47 162.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 379.68 162.45 Td (of ) Tj ET Q q 0 0 0 rg BT 388.01 162.45 Td (dividends ) Tj ET Q q 0 0 0 rg BT 420.78 162.45 Td (or ) Tj ET Q q 0 0 0 rg BT 429.11 162.45 Td (the ) Tj ET Q q 0 0 0 rg BT 440.54 162.45 Td (making ) Tj ET Q q 0 0 0 rg BT 466.20 162.45 Td (of ) Tj ET Q q 0 0 0 rg BT 474.53 162.45 Td (other ) Tj ET Q q 0 0 0 rg BT 492.63 162.45 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 536.29 162.45 Td (entering ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 152.85 Td (into ) Tj ET Q q 0 0 0 rg BT 63.95 152.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 87.71 152.85 Td (af) Tj ET Q q 0 0 0 rg BT 93.78 152.85 Td (filiate ) Tj ET Q q 0 0 0 rg BT 114.43 152.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 154.64 152.85 Td (and ) Tj ET Q q 0 0 0 rg BT 168.20 152.85 Td (the ) Tj ET Q q 0 0 0 rg BT 179.97 152.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 194.41 152.85 Td (of ) Tj ET Q q 0 0 0 rg BT 203.07 152.85 Td (assets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (In ) Tj ET Q q 0 0 0 rg BT 58.15 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.91 137.25 Td (event ) Tj ET Q q 0 0 0 rg BT 89.23 137.25 Td (that ) Tj ET Q q 0 0 0 rg BT 103.21 137.25 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 116.30 137.25 Td (there ) Tj ET Q q 0 0 0 rg BT 134.28 137.25 Td (is ) Tj ET Q q 0 0 0 rg BT 141.61 137.25 Td (a ) Tj ET Q q 0 0 0 rg BT 147.14 137.25 Td (change ) Tj ET Q q 0 0 0 rg BT 171.79 137.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.00 137.25 Td (control ) Tj ET Q q 0 0 0 rg BT 204.64 137.25 Td (by ) Tj ET Q q 0 0 0 rg BT 214.63 137.25 Td (which ) Tj ET Q q 0 0 0 rg BT 236.17 137.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 245.71 137.25 Td (any ) Tj ET Q q 0 0 0 rg BT 259.25 137.25 Td (party ) Tj ET Q q 0 0 0 rg BT 277.68 137.25 Td (other ) Tj ET Q q 0 0 0 rg BT 296.10 137.25 Td (than ) Tj ET Q q 0 0 0 rg BT 311.86 137.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 335.61 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.27 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 356.92 137.25 Td (present ) Tj ET Q q 0 0 0 rg BT 382.01 137.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 424.43 137.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 454.40 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.16 137.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 499.69 137.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 521.67 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.32 137.25 Td (more ) Tj ET Q q 0 0 0 rg BT 548.75 137.25 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 127.65 Td (35.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.16 127.65 Td ( ) Tj ET Q q 0 0 0 rg BT 71.83 127.65 Td (of ) Tj ET Q q 0 0 0 rg BT 80.16 127.65 Td (our ) Tj ET Q q 0 0 0 rg BT 92.48 127.65 Td (total ) Tj ET Q q 0 0 0 rg BT 108.37 127.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 130.48 127.65 Td (power; ) Tj ET Q q 0 0 0 rg BT 154.36 127.65 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 165.79 127.65 Td (we ) Tj ET Q q 0 0 0 rg BT 176.79 127.65 Td (agree ) Tj ET Q q 0 0 0 rg BT 195.77 127.65 Td (to ) Tj ET Q q 0 0 0 rg BT 203.65 127.65 Td (sell ) Tj ET Q q 0 0 0 rg BT 216.43 127.65 Td (substantially ) Tj ET Q q 0 0 0 rg BT 258.53 127.65 Td (all ) Tj ET Q q 0 0 0 rg BT 268.19 127.65 Td (of ) Tj ET Q q 0 0 0 rg BT 276.52 127.65 Td (our ) Tj ET Q q 0 0 0 rg BT 288.85 127.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.72 127.65 Td (assets; ) Tj ET Q q 0 0 0 rg BT 343.27 127.65 Td (or ) Tj ET Q q 0 0 0 rg BT 351.60 127.65 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 365.26 127.65 Td (there ) Tj ET Q q 0 0 0 rg BT 382.91 127.65 Td (is ) Tj ET Q q 0 0 0 rg BT 389.91 127.65 Td (a ) Tj ET Q q 0 0 0 rg BT 395.13 127.65 Td (change ) Tj ET Q q 0 0 0 rg BT 419.45 127.65 Td (in ) Tj ET Q q 0 0 0 rg BT 427.33 127.65 Td (the ) Tj ET Q q 0 0 0 rg BT 438.77 127.65 Td (composition ) Tj ET Q q 0 0 0 rg BT 479.99 127.65 Td (of ) Tj ET Q q 0 0 0 rg BT 488.32 127.65 Td (a ) Tj ET Q q 0 0 0 rg BT 493.53 127.65 Td (majority ) Tj ET Q q 0 0 0 rg BT 522.30 127.65 Td (of ) Tj ET Q q 0 0 0 rg BT 530.63 127.65 Td (our ) Tj ET Q q 0 0 0 rg BT 542.96 127.65 Td (Board ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 118.05 Td (of ) Tj ET Q q 0 0 0 rg BT 58.25 118.05 Td (Directors; ) Tj ET Q q 0 0 0 rg BT 92.32 118.05 Td (and ) Tj ET Q q 0 0 0 rg BT 105.96 118.05 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 118.71 118.05 Td (on ) Tj ET Q q 0 0 0 rg BT 128.79 118.05 Td (the ) Tj ET Q q 0 0 0 rg BT 140.65 118.05 Td (60th) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 154.87 121.67 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.17 118.05 Td (day ) Tj ET Q q 0 0 0 rg BT 169.81 118.05 Td (following ) Tj ET Q q 0 0 0 rg BT 203.00 118.05 Td (any ) Tj ET Q q 0 0 0 rg BT 216.64 118.05 Td (such ) Tj ET Q q 0 0 0 rg BT 233.39 118.05 Td (change ) Tj ET Q q 0 0 0 rg BT 258.13 118.05 Td (of ) Tj ET Q q 0 0 0 rg BT 266.87 118.05 Td (control ) Tj ET Q q 0 0 0 rg BT 291.62 118.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.48 118.05 Td (rating ) Tj ET Q q 0 0 0 rg BT 324.22 118.05 Td (of ) Tj ET Q q 0 0 0 rg BT 332.97 118.05 Td (the ) Tj ET Q q 0 0 0 rg BT 344.83 118.05 Td (2016 ) Tj ET Q q 0 0 0 rg BT 362.92 118.05 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 383.22 118.05 Td (Rate ) Tj ET Q q 0 0 0 rg BT 399.97 118.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 420.72 118.05 Td (is ) Tj ET Q q 0 0 0 rg BT 428.14 118.05 Td (either ) Tj ET Q q 0 0 0 rg BT 448.43 118.05 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 484.73 118.05 Td (or ) Tj ET Q q 0 0 0 rg BT 493.48 118.05 Td (downgraded ) Tj ET Q q 0 0 0 rg BT 535.11 118.05 Td (from ) Tj ET Q q 0 0 0 rg BT 552.75 118.05 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 108.45 Td (rating ) Tj ET Q q 0 0 0 rg BT 69.96 108.45 Td (in ) Tj ET Q q 0 0 0 rg BT 77.99 108.45 Td (ef) Tj ET Q q 0 0 0 rg BT 84.06 108.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 97.85 108.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 115.20 108.45 Td (to ) Tj ET Q q 0 0 0 rg BT 123.22 108.45 Td (the ) Tj ET Q q 0 0 0 rg BT 134.80 108.45 Td (announcement ) Tj ET Q q 0 0 0 rg BT 183.25 108.45 Td (of ) Tj ET Q q 0 0 0 rg BT 191.71 108.45 Td (such ) Tj ET Q q 0 0 0 rg BT 208.18 108.45 Td (change ) Tj ET Q q 0 0 0 rg BT 232.63 108.45 Td (of ) Tj ET Q q 0 0 0 rg BT 241.10 108.45 Td (control, ) Tj ET Q q 0 0 0 rg BT 267.56 108.45 Td (we ) Tj ET Q q 0 0 0 rg BT 278.69 108.45 Td (can ) Tj ET Q q 0 0 0 rg BT 291.60 108.45 Td (be ) Tj ET Q q 0 0 0 rg BT 300.95 108.45 Td (required ) Tj ET Q q 0 0 0 rg BT 329.40 108.45 Td (to ) Tj ET Q q 0 0 0 rg BT 337.43 108.45 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 373.87 108.45 Td (the ) Tj ET Q q 0 0 0 rg BT 385.45 108.45 Td (2016 ) Tj ET Q q 0 0 0 rg BT 403.25 108.45 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 423.27 108.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 439.74 108.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 460.20 108.45 Td (at ) Tj ET Q q 0 0 0 rg BT 467.78 108.45 Td (a ) Tj ET Q q 0 0 0 rg BT 473.13 108.45 Td (purchase ) Tj ET Q q 0 0 0 rg BT 503.36 108.45 Td (price ) Tj ET Q q 0 0 0 rg BT 521.15 108.45 Td (in ) Tj ET Q q 0 0 0 rg BT 529.18 108.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 545.19 108.45 Td (equal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 98.85 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.72 98.85 Td (101.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 82.39 98.85 Td ( ) Tj ET Q q 0 0 0 rg BT 84.39 98.85 Td (of ) Tj ET Q q 0 0 0 rg BT 93.05 98.85 Td (the ) Tj ET Q q 0 0 0 rg BT 104.82 98.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 135.26 98.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 161.25 98.85 Td (of ) Tj ET Q q 0 0 0 rg BT 169.92 98.85 Td (the ) Tj ET Q q 0 0 0 rg BT 181.69 98.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 199.69 98.85 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 219.91 98.85 Td (Rate ) Tj ET Q q 0 0 0 rg BT 236.57 98.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 257.24 98.85 Td (plus ) Tj ET Q q 0 0 0 rg BT 272.57 98.85 Td (accrued ) Tj ET Q q 0 0 0 rg BT 299.44 98.85 Td (and ) Tj ET Q q 0 0 0 rg BT 312.99 98.85 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 336.77 98.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 362.31 98.85 Td (to ) Tj ET Q q 0 0 0 rg BT 370.54 98.85 Td (the ) Tj ET Q q 0 0 0 rg BT 382.31 98.85 Td (date ) Tj ET Q q 0 0 0 rg BT 397.63 98.85 Td (of ) Tj ET Q q 0 0 0 rg BT 406.30 98.85 Td (purchase.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (60) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 723.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 81.94 723.50 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 102.16 723.50 Td (Rate ) Tj ET Q q 0 0 0 rg BT 118.82 723.50 Td (Notes ) Tj ET Q q 0 0 0 rg BT 139.48 723.50 Td (are ) Tj ET Q q 0 0 0 rg BT 151.25 723.50 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 190.11 723.50 Td (at ) Tj ET Q q 0 0 0 rg BT 197.89 723.50 Td (our ) Tj ET Q q 0 0 0 rg BT 210.55 723.50 Td (option, ) Tj ET Q q 0 0 0 rg BT 235.00 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 243.22 723.50 Td (whole ) Tj ET Q q 0 0 0 rg BT 264.77 723.50 Td (or ) Tj ET Q q 0 0 0 rg BT 273.43 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 281.66 723.50 Td (part, ) Tj ET Q q 0 0 0 rg BT 298.09 723.50 Td (at ) Tj ET Q q 0 0 0 rg BT 305.87 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 317.64 723.50 Td (redemption ) Tj ET Q q 0 0 0 rg BT 356.07 723.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 377.18 723.50 Td (set ) Tj ET Q q 0 0 0 rg BT 388.06 723.50 Td (forth ) Tj ET Q q 0 0 0 rg BT 405.61 723.50 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 689.00 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 689.00 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 659.00 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 659.00 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 689 m 472 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 689 m 562 689 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 701.10 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 693.23 Td (Fr) Tj ET Q q 0 0 0 rg BT 60.79 693.23 Td (om) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.25 703.18 Td (Fixed Rate Notes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.95 695.18 Td (RedemptionPrice) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 678.25 Td (September ) Tj ET Q q 0 0 0 rg BT 88.71 678.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 100.71 678.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 118.71 678.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.93 678.25 Td (September ) Tj ET Q q 0 0 0 rg BT 163.14 678.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 175.14 678.25 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 678.25 Td (105.813) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 678.25 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 663.25 Td (September ) Tj ET Q q 0 0 0 rg BT 88.71 663.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 100.71 663.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 118.71 663.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.93 663.25 Td (September ) Tj ET Q q 0 0 0 rg BT 163.14 663.25 Td (14, ) Tj ET Q q 0 0 0 rg BT 175.14 663.25 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 663.25 Td (102.906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 663.25 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 648.25 Td (September ) Tj ET Q q 0 0 0 rg BT 88.71 648.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 100.71 648.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 118.71 648.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.26 648.25 Td (thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.80 648.25 Td (100.000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 648.25 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 628.90 Td (Certain ) Tj ET Q q 0 0 0 rg BT 74.79 628.90 Td (derivative ) Tj ET Q q 0 0 0 rg BT 108.53 628.90 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 149.60 628.90 Td (including ) Tj ET Q q 0 0 0 rg BT 181.57 628.90 Td (redemption ) Tj ET Q q 0 0 0 rg BT 219.75 628.90 Td (call ) Tj ET Q q 0 0 0 rg BT 233.04 628.90 Td (options ) Tj ET Q q 0 0 0 rg BT 258.35 628.90 Td (and ) Tj ET Q q 0 0 0 rg BT 271.65 628.90 Td (change ) Tj ET Q q 0 0 0 rg BT 296.05 628.90 Td (of ) Tj ET Q q 0 0 0 rg BT 304.46 628.90 Td (control ) Tj ET Q q 0 0 0 rg BT 328.87 628.90 Td (and ) Tj ET Q q 0 0 0 rg BT 342.16 628.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 359.46 628.90 Td (disposition ) Tj ET Q q 0 0 0 rg BT 396.33 628.90 Td (put ) Tj ET Q q 0 0 0 rg BT 408.30 628.90 Td (options, ) Tj ET Q q 0 0 0 rg BT 435.60 628.90 Td (have ) Tj ET Q q 0 0 0 rg BT 452.45 628.90 Td (been ) Tj ET Q q 0 0 0 rg BT 469.30 628.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 501.70 628.90 Td (as ) Tj ET Q q 0 0 0 rg BT 510.11 628.90 Td (being ) Tj ET Q q 0 0 0 rg BT 529.63 628.90 Td (embedded ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 619.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.73 619.30 Td (the ) Tj ET Q q 0 0 0 rg BT 69.52 619.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 87.53 619.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 107.76 619.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 124.43 619.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 145.10 619.30 Td (but ) Tj ET Q q 0 0 0 rg BT 157.33 619.30 Td (as ) Tj ET Q q 0 0 0 rg BT 166.01 619.30 Td (they ) Tj ET Q q 0 0 0 rg BT 181.79 619.30 Td (are ) Tj ET Q q 0 0 0 rg BT 193.57 619.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 230.23 619.30 Td (clearly ) Tj ET Q q 0 0 0 rg BT 254.00 619.30 Td (and ) Tj ET Q q 0 0 0 rg BT 267.56 619.30 Td (closely ) Tj ET Q q 0 0 0 rg BT 292.23 619.30 Td (related ) Tj ET Q q 0 0 0 rg BT 316.00 619.30 Td (to ) Tj ET Q q 0 0 0 rg BT 324.23 619.30 Td (the ) Tj ET Q q 0 0 0 rg BT 336.02 619.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 354.03 619.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 374.26 619.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 390.93 619.30 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 413.60 619.30 Td (they ) Tj ET Q q 0 0 0 rg BT 429.39 619.30 Td (are ) Tj ET Q q 0 0 0 rg BT 441.16 619.30 Td (not ) Tj ET Q q 0 0 0 rg BT 453.39 619.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 487.83 619.30 Td (for ) Tj ET Q q 0 0 0 rg BT 499.17 619.30 Td (separately) Tj ET Q q 0 0 0 rg BT 531.07 619.30 Td (. ) Tj ET Q q 0 0 0 rg BT 534.94 619.30 Td (W) Tj ET Q q 0 0 0 rg BT 541.85 619.30 Td (e ) Tj ET Q q 0 0 0 rg BT 547.41 619.30 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 609.70 Td (included ) Tj ET Q q 0 0 0 rg BT 79.36 609.70 Td (the ) Tj ET Q q 0 0 0 rg BT 91.45 609.70 Td (net ) Tj ET Q q 0 0 0 rg BT 103.53 609.70 Td (issuance ) Tj ET Q q 0 0 0 rg BT 132.95 609.70 Td (premium ) Tj ET Q q 0 0 0 rg BT 164.15 609.70 Td (within ) Tj ET Q q 0 0 0 rg BT 186.90 609.70 Td (the ) Tj ET Q q 0 0 0 rg BT 198.99 609.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 227.96 609.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 254.27 609.70 Td (of ) Tj ET Q q 0 0 0 rg BT 263.24 609.70 Td (the ) Tj ET Q q 0 0 0 rg BT 275.33 609.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 293.64 609.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 314.18 609.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 331.15 609.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 352.13 609.70 Td (and ) Tj ET Q q 0 0 0 rg BT 366.00 609.70 Td (are ) Tj ET Q q 0 0 0 rg BT 378.08 609.70 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 415.04 609.70 Td (it ) Tj ET Q q 0 0 0 rg BT 421.80 609.70 Td (through ) Tj ET Q q 0 0 0 rg BT 449.00 609.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 474.86 609.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 502.94 609.70 Td (using ) Tj ET Q q 0 0 0 rg BT 522.59 609.70 Td (the ) Tj ET Q q 0 0 0 rg BT 534.68 609.70 Td (ef) Tj ET Q q 0 0 0 rg BT 540.75 609.70 Td (fective ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 600.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.05 600.10 Td (method.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 581.50 Td (2017 ) Tj ET Q q 0 0 0 rg BT 67.50 581.50 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 87.71 581.50 Td (Rate ) Tj ET Q q 0 0 0 rg BT 104.37 581.50 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 565.90 Td (As ) Tj ET Q q 0 0 0 rg BT 60.54 565.90 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.46 565.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.48 565.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.48 565.90 Td (, ) Tj ET Q q 0 0 0 rg BT 135.63 565.90 Td (the ) Tj ET Q q 0 0 0 rg BT 147.55 565.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 178.13 565.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.27 565.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.09 565.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.01 565.90 Td (9.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.67 565.90 Td ( ) Tj ET Q q 0 0 0 rg BT 243.82 565.90 Td (Senior ) Tj ET Q q 0 0 0 rg BT 266.86 565.90 Td (Secured ) Tj ET Q q 0 0 0 rg BT 294.77 565.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 315.58 565.90 Td (due ) Tj ET Q q 0 0 0 rg BT 329.28 565.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 347.43 565.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 362.02 565.90 Td ("2017 ) Tj ET Q q 0 0 0 rg BT 383.43 565.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 403.80 565.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 420.61 565.90 Td (Notes" ) Tj ET Q q 0 0 0 rg BT 444.69 565.90 Td (and ) Tj ET Q q 0 0 0 rg BT 458.39 565.90 Td (collectively ) Tj ET Q q 0 0 0 rg BT 497.85 565.90 Td (with ) Tj ET Q q 0 0 0 rg BT 514.22 565.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.14 565.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 544.29 565.90 Td (Fixed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 556.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 66.60 556.30 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 89.70 556.30 Td (the ) Tj ET Q q 0 0 0 rg BT 101.91 556.30 Td ("Senior ) Tj ET Q q 0 0 0 rg BT 128.50 556.30 Td (Notes"\) ) Tj ET Q q 0 0 0 rg BT 155.53 556.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 195.30 556.30 Td (was ) Tj ET Q q 0 0 0 rg BT 210.18 556.30 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.62 556.30 Td (240.0 ) Tj ET Q q 0 0 0 rg BT 249.05 556.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.17 556.30 Td ( ) Tj ET Q q 0 0 0 rg BT 274.61 556.30 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 325.91 556.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.58 556.30 Td (331.0 ) Tj ET Q q 0 0 0 rg BT 363.02 556.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.13 556.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 393.05 556.30 Td (The ) Tj ET Q q 0 0 0 rg BT 407.93 556.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 426.37 556.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 447.03 556.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 464.12 556.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 485.23 556.30 Td (mature ) Tj ET Q q 0 0 0 rg BT 509.87 556.30 Td (on ) Tj ET Q q 0 0 0 rg BT 520.31 556.30 Td (November ) Tj ET Q q 0 0 0 rg BT 556.52 556.30 Td (1, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 546.70 Td (2017.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 74.91 531.10 Td (is ) Tj ET Q q 0 0 0 rg BT 81.67 531.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 107.97 531.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 154.71 531.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.36 531.10 Td (arrears ) Tj ET Q q 0 0 0 rg BT 185.54 531.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.96 531.10 Td (each ) Tj ET Q q 0 0 0 rg BT 211.04 531.10 Td (May ) Tj ET Q q 0 0 0 rg BT 227.12 531.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 232.54 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.52 531.10 Td (November ) Tj ET Q q 0 0 0 rg BT 280.71 531.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 288.03 531.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.89 531.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 314.41 531.10 Td (value ) Tj ET Q q 0 0 0 rg BT 333.16 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.25 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.44 531.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 369.86 531.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 389.51 531.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 405.59 531.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 425.68 531.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.77 531.10 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.96 531.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 487.25 531.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.25 531.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.68 531.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.65 531.10 Td (December31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 521.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.50 521.50 Td ( ) Tj ET Q q 0 0 0 rg BT 67.36 521.50 Td (was ) Tj ET Q q 0 0 0 rg BT 81.65 521.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 115.93 521.50 Td (by ) Tj ET Q q 0 0 0 rg BT 125.79 521.50 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 164.98 521.50 Td (the ) Tj ET Q q 0 0 0 rg BT 176.61 521.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 215.79 521.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 231.42 521.50 Td (by ) Tj ET Q q 0 0 0 rg BT 241.28 521.50 Td (the ) Tj ET Q q 0 0 0 rg BT 252.91 521.50 Td (traded ) Tj ET Q q 0 0 0 rg BT 274.75 521.50 Td (market ) Tj ET Q q 0 0 0 rg BT 298.82 521.50 Td (price. ) Tj ET Q q 0 0 0 rg BT 318.53 521.50 Td (This ) Tj ET Q q 0 0 0 rg BT 334.60 521.50 Td (measurement ) Tj ET Q q 0 0 0 rg BT 379.11 521.50 Td (of ) Tj ET Q q 0 0 0 rg BT 387.63 521.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 420.14 521.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.10 521.50 Td (value ) Tj ET Q q 0 0 0 rg BT 452.28 521.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 467.91 521.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 487.98 521.50 Td (2 ) Tj ET Q q 0 0 0 rg BT 493.83 521.50 Td (inputs ) Tj ET Q q 0 0 0 rg BT 515.24 521.50 Td (as ) Tj ET Q q 0 0 0 rg BT 523.76 521.50 Td (described ) Tj ET Q q 0 0 0 rg BT 556.27 521.50 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 511.90 Td (Note ) Tj ET Q q 0 0 0 rg BT 67.05 511.90 Td (14, ) Tj ET Q q 0 0 0 rg BT 79.05 511.90 Td ("Financial ) Tj ET Q q 0 0 0 rg BT 114.09 511.90 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 153.86 511.90 Td (and ) Tj ET Q q 0 0 0 rg BT 167.41 511.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 182.15 511.90 Td (V) Tj ET Q q 0 0 0 rg BT 187.04 511.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 202.37 511.90 Td (Measurements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.29 511.90 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 496.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.81 496.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 81.69 496.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 101.78 496.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 118.32 496.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 138.85 496.30 Td (are ) Tj ET Q q 0 0 0 rg BT 150.49 496.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 176.80 496.30 Td (senior ) Tj ET Q q 0 0 0 rg BT 198.22 496.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 235.65 496.30 Td (of ) Tj ET Q q 0 0 0 rg BT 244.19 496.30 Td (CET) Tj ET Q q 0 0 0 rg BT 259.15 496.30 Td ( ) Tj ET Q q 0 0 0 rg BT 261.03 496.30 Td (21. ) Tj ET Q q 0 0 0 rg BT 272.77 496.30 Td (The ) Tj ET Q q 0 0 0 rg BT 287.08 496.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 304.95 496.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 325.05 496.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 341.58 496.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 362.12 496.30 Td (rank ) Tj ET Q q 0 0 0 rg BT 378.21 496.30 Td (pari ) Tj ET Q q 0 0 0 rg BT 392.52 496.30 Td (passu ) Tj ET Q q 0 0 0 rg BT 412.17 496.30 Td (with ) Tj ET Q q 0 0 0 rg BT 428.27 496.30 Td (all ) Tj ET Q q 0 0 0 rg BT 438.14 496.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 465.35 496.30 Td (and ) Tj ET Q q 0 0 0 rg BT 478.77 496.30 Td (future ) Tj ET Q q 0 0 0 rg BT 499.75 496.30 Td (senior ) Tj ET Q q 0 0 0 rg BT 521.17 496.30 Td (indebtedness ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 486.70 Td (of ) Tj ET Q q 0 0 0 rg BT 57.90 486.70 Td (CET) Tj ET Q q 0 0 0 rg BT 72.86 486.70 Td ( ) Tj ET Q q 0 0 0 rg BT 74.59 486.70 Td (21 ) Tj ET Q q 0 0 0 rg BT 84.32 486.70 Td (and ) Tj ET Q q 0 0 0 rg BT 97.61 486.70 Td (are ) Tj ET Q q 0 0 0 rg BT 109.10 486.70 Td (ef) Tj ET Q q 0 0 0 rg BT 115.17 486.70 Td (fectively ) Tj ET Q q 0 0 0 rg BT 144.89 486.70 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 187.94 486.70 Td (to ) Tj ET Q q 0 0 0 rg BT 195.90 486.70 Td (all ) Tj ET Q q 0 0 0 rg BT 205.63 486.70 Td (existing ) Tj ET Q q 0 0 0 rg BT 232.69 486.70 Td (and ) Tj ET Q q 0 0 0 rg BT 245.97 486.70 Td (future ) Tj ET Q q 0 0 0 rg BT 266.80 486.70 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 309.86 486.70 Td (of ) Tj ET Q q 0 0 0 rg BT 318.26 486.70 Td (our ) Tj ET Q q 0 0 0 rg BT 330.65 486.70 Td (other ) Tj ET Q q 0 0 0 rg BT 348.82 486.70 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 390.20 486.70 Td (The ) Tj ET Q q 0 0 0 rg BT 404.37 486.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 433.21 486.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 472.27 486.70 Td (are ) Tj ET Q q 0 0 0 rg BT 483.77 486.70 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 520.59 486.70 Td (by ) Tj ET Q q 0 0 0 rg BT 530.32 486.70 Td (CME ) Tj ET Q q 0 0 0 rg BT 549.39 486.70 Td (Ltd. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 62.84 477.10 Td (by ) Tj ET Q q 0 0 0 rg BT 72.63 477.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.08 477.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 133.08 477.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 172.64 477.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 191.76 477.10 Td (NV) Tj ET Q q 0 0 0 rg BT 202.29 477.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.07 477.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 225.20 477.10 Td (BV) Tj ET Q q 0 0 0 rg BT 235.28 477.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.06 477.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 258.19 477.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 298.63 477.10 Td (B.V) Tj ET Q q 0 0 0 rg BT 310.72 477.10 Td (., ) Tj ET Q q 0 0 0 rg BT 316.50 477.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 335.63 477.10 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 359.64 477.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 390.76 477.10 Td (B.V) Tj ET Q q 0 0 0 rg BT 402.84 477.10 Td (. ) Tj ET Q q 0 0 0 rg BT 406.63 477.10 Td (\(CME ) Tj ET Q q 0 0 0 rg BT 431.97 477.10 Td (SH\) ) Tj ET Q q 0 0 0 rg BT 450.20 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.53 477.10 Td (MARKZA-SLOV) Tj ET Q q 0 0 0 rg BT 523.39 477.10 Td (AKIA, ) Tj ET Q q 0 0 0 rg BT 547.17 477.10 Td (spol. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 467.50 Td (s ) Tj ET Q q 0 0 0 rg BT 54.57 467.50 Td (r) Tj ET Q q 0 0 0 rg BT 56.79 467.50 Td (.o. ) Tj ET Q q 0 0 0 rg BT 66.75 467.50 Td (\(Markiza\) ) Tj ET Q q 0 0 0 rg BT 107.79 467.50 Td (and ) Tj ET Q q 0 0 0 rg BT 121.29 467.50 Td (are ) Tj ET Q q 0 0 0 rg BT 133.01 467.50 Td (secured ) Tj ET Q q 0 0 0 rg BT 159.40 467.50 Td (by ) Tj ET Q q 0 0 0 rg BT 169.36 467.50 Td (a ) Tj ET Q q 0 0 0 rg BT 174.86 467.50 Td (pledge ) Tj ET Q q 0 0 0 rg BT 198.14 467.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.76 467.50 Td (the ) Tj ET Q q 0 0 0 rg BT 218.49 467.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 240.44 467.50 Td (of ) Tj ET Q q 0 0 0 rg BT 249.06 467.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 268.35 467.50 Td (NV) Tj ET Q q 0 0 0 rg BT 278.88 467.50 Td (, ) Tj ET Q q 0 0 0 rg BT 282.83 467.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 302.13 467.50 Td (BV) Tj ET Q q 0 0 0 rg BT 312.21 467.50 Td (, ) Tj ET Q q 0 0 0 rg BT 316.16 467.50 Td (CET) Tj ET Q q 0 0 0 rg BT 331.13 467.50 Td ( ) Tj ET Q q 0 0 0 rg BT 333.08 467.50 Td (21, ) Tj ET Q q 0 0 0 rg BT 345.04 467.50 Td (and ) Tj ET Q q 0 0 0 rg BT 358.55 467.50 Td (CME ) Tj ET Q q 0 0 0 rg BT 377.84 467.50 Td (SH, ) Tj ET Q q 0 0 0 rg BT 392.02 467.50 Td (as ) Tj ET Q q 0 0 0 rg BT 400.64 467.50 Td (well ) Tj ET Q q 0 0 0 rg BT 416.37 467.50 Td (as ) Tj ET Q q 0 0 0 rg BT 424.99 467.50 Td (an ) Tj ET Q q 0 0 0 rg BT 434.50 467.50 Td (assignment ) Tj ET Q q 0 0 0 rg BT 472.45 467.50 Td (of ) Tj ET Q q 0 0 0 rg BT 481.07 467.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 504.79 467.50 Td (contractual ) Tj ET Q q 0 0 0 rg BT 542.28 467.50 Td (rights. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 457.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.99 457.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 83.81 457.90 Td (of ) Tj ET Q q 0 0 0 rg BT 92.53 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 104.35 457.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 122.40 457.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 142.68 457.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 159.39 457.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 180.10 457.90 Td (restrict ) Tj ET Q q 0 0 0 rg BT 204.36 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 216.19 457.90 Td (manner ) Tj ET Q q 0 0 0 rg BT 242.23 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.50 457.90 Td (which ) Tj ET Q q 0 0 0 rg BT 272.10 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 283.93 457.90 Td (Company) Tj ET Q q 0 0 0 rg BT 317.26 457.90 Td (s ) Tj ET Q q 0 0 0 rg BT 322.42 457.90 Td (and ) Tj ET Q q 0 0 0 rg BT 336.02 457.90 Td (CET) Tj ET Q q 0 0 0 rg BT 350.99 457.90 Td ( ) Tj ET Q q 0 0 0 rg BT 353.04 457.90 Td (21) Tj ET Q q 0 0 0 rg BT 363.26 457.90 Td (s ) Tj ET Q q 0 0 0 rg BT 368.43 457.90 Td (business ) Tj ET Q q 0 0 0 rg BT 397.59 457.90 Td (is ) Tj ET Q q 0 0 0 rg BT 404.98 457.90 Td (conducted, ) Tj ET Q q 0 0 0 rg BT 441.90 457.90 Td (including ) Tj ET Q q 0 0 0 rg BT 474.17 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 486.00 457.90 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 521.80 457.90 Td (of ) Tj ET Q q 0 0 0 rg BT 530.52 457.90 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 448.30 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 94.76 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 106.48 448.30 Td (making ) Tj ET Q q 0 0 0 rg BT 132.41 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 141.02 448.30 Td (investments, ) Tj ET Q q 0 0 0 rg BT 183.17 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 194.89 448.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 224.37 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 232.98 448.30 Td (dividends ) Tj ET Q q 0 0 0 rg BT 266.03 448.30 Td (or ) Tj ET Q q 0 0 0 rg BT 274.63 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.34 448.30 Td (making ) Tj ET Q q 0 0 0 rg BT 312.28 448.30 Td (of ) Tj ET Q q 0 0 0 rg BT 320.88 448.30 Td (other ) Tj ET Q q 0 0 0 rg BT 339.26 448.30 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 383.20 448.30 Td (entering ) Tj ET Q q 0 0 0 rg BT 411.35 448.30 Td (into ) Tj ET Q q 0 0 0 rg BT 425.74 448.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.44 448.30 Td (af) Tj ET Q q 0 0 0 rg BT 455.51 448.30 Td (filiate ) Tj ET Q q 0 0 0 rg BT 476.10 448.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 516.25 448.30 Td (and ) Tj ET Q q 0 0 0 rg BT 529.74 448.30 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 448.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 555.83 448.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 438.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 70.16 438.70 Td (\(see ) Tj ET Q q 0 0 0 rg BT 85.04 438.70 Td (also ) Tj ET Q q 0 0 0 rg BT 99.93 438.70 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 136.13 438.70 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 175.46 438.70 Td (below\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (In ) Tj ET Q q 0 0 0 rg BT 58.15 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.91 423.10 Td (event ) Tj ET Q q 0 0 0 rg BT 89.23 423.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.21 423.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 116.30 423.10 Td (there ) Tj ET Q q 0 0 0 rg BT 134.28 423.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.61 423.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.14 423.10 Td (change ) Tj ET Q q 0 0 0 rg BT 171.79 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.00 423.10 Td (control ) Tj ET Q q 0 0 0 rg BT 204.64 423.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.63 423.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.17 423.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 245.71 423.10 Td (any ) Tj ET Q q 0 0 0 rg BT 259.25 423.10 Td (party ) Tj ET Q q 0 0 0 rg BT 277.68 423.10 Td (other ) Tj ET Q q 0 0 0 rg BT 296.10 423.10 Td (than ) Tj ET Q q 0 0 0 rg BT 311.86 423.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 335.61 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.27 423.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.92 423.10 Td (present ) Tj ET Q q 0 0 0 rg BT 382.01 423.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 424.43 423.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 454.40 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.16 423.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 499.69 423.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 521.67 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.32 423.10 Td (more ) Tj ET Q q 0 0 0 rg BT 548.75 423.10 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 413.50 Td (35%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.16 413.50 Td ( ) Tj ET Q q 0 0 0 rg BT 66.02 413.50 Td (of ) Tj ET Q q 0 0 0 rg BT 74.54 413.50 Td (our ) Tj ET Q q 0 0 0 rg BT 87.06 413.50 Td (total ) Tj ET Q q 0 0 0 rg BT 103.14 413.50 Td (voting ) Tj ET Q q 0 0 0 rg BT 125.44 413.50 Td (power; ) Tj ET Q q 0 0 0 rg BT 149.52 413.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 161.15 413.50 Td (we ) Tj ET Q q 0 0 0 rg BT 172.33 413.50 Td (agree ) Tj ET Q q 0 0 0 rg BT 191.51 413.50 Td (to ) Tj ET Q q 0 0 0 rg BT 199.59 413.50 Td (sell ) Tj ET Q q 0 0 0 rg BT 212.55 413.50 Td (substantially ) Tj ET Q q 0 0 0 rg BT 254.85 413.50 Td (all ) Tj ET Q q 0 0 0 rg BT 264.71 413.50 Td (of ) Tj ET Q q 0 0 0 rg BT 273.23 413.50 Td (our ) Tj ET Q q 0 0 0 rg BT 285.75 413.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 317.82 413.50 Td (assets; ) Tj ET Q q 0 0 0 rg BT 340.56 413.50 Td (or ) Tj ET Q q 0 0 0 rg BT 349.08 413.50 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 362.94 413.50 Td (there ) Tj ET Q q 0 0 0 rg BT 380.78 413.50 Td (is ) Tj ET Q q 0 0 0 rg BT 387.97 413.50 Td (a ) Tj ET Q q 0 0 0 rg BT 393.38 413.50 Td (change ) Tj ET Q q 0 0 0 rg BT 417.89 413.50 Td (in ) Tj ET Q q 0 0 0 rg BT 425.97 413.50 Td (the ) Tj ET Q q 0 0 0 rg BT 437.60 413.50 Td (composition ) Tj ET Q q 0 0 0 rg BT 479.02 413.50 Td (of ) Tj ET Q q 0 0 0 rg BT 487.54 413.50 Td (a ) Tj ET Q q 0 0 0 rg BT 492.95 413.50 Td (majority ) Tj ET Q q 0 0 0 rg BT 521.91 413.50 Td (of ) Tj ET Q q 0 0 0 rg BT 530.43 413.50 Td (our ) Tj ET Q q 0 0 0 rg BT 542.95 413.50 Td (Board ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 58.25 403.90 Td (Directors; ) Tj ET Q q 0 0 0 rg BT 92.32 403.90 Td (and ) Tj ET Q q 0 0 0 rg BT 105.96 403.90 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 118.71 403.90 Td (on ) Tj ET Q q 0 0 0 rg BT 128.79 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 140.65 403.90 Td (60th) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 154.87 407.52 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.17 403.90 Td (day ) Tj ET Q q 0 0 0 rg BT 169.81 403.90 Td (following ) Tj ET Q q 0 0 0 rg BT 203.00 403.90 Td (any ) Tj ET Q q 0 0 0 rg BT 216.64 403.90 Td (such ) Tj ET Q q 0 0 0 rg BT 233.39 403.90 Td (change ) Tj ET Q q 0 0 0 rg BT 258.13 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 266.87 403.90 Td (control ) Tj ET Q q 0 0 0 rg BT 291.62 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 303.48 403.90 Td (rating ) Tj ET Q q 0 0 0 rg BT 324.22 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 332.97 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 344.83 403.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 362.92 403.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 383.22 403.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 399.97 403.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 420.72 403.90 Td (is ) Tj ET Q q 0 0 0 rg BT 428.14 403.90 Td (either ) Tj ET Q q 0 0 0 rg BT 448.43 403.90 Td (withdrawn ) Tj ET Q q 0 0 0 rg BT 484.73 403.90 Td (or ) Tj ET Q q 0 0 0 rg BT 493.48 403.90 Td (downgraded ) Tj ET Q q 0 0 0 rg BT 535.11 403.90 Td (from ) Tj ET Q q 0 0 0 rg BT 552.75 403.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 394.30 Td (rating ) Tj ET Q q 0 0 0 rg BT 69.96 394.30 Td (in ) Tj ET Q q 0 0 0 rg BT 77.99 394.30 Td (ef) Tj ET Q q 0 0 0 rg BT 84.06 394.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 97.85 394.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 115.20 394.30 Td (to ) Tj ET Q q 0 0 0 rg BT 123.22 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 134.80 394.30 Td (announcement ) Tj ET Q q 0 0 0 rg BT 183.25 394.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.71 394.30 Td (such ) Tj ET Q q 0 0 0 rg BT 208.18 394.30 Td (change ) Tj ET Q q 0 0 0 rg BT 232.63 394.30 Td (of ) Tj ET Q q 0 0 0 rg BT 241.10 394.30 Td (control, ) Tj ET Q q 0 0 0 rg BT 267.56 394.30 Td (we ) Tj ET Q q 0 0 0 rg BT 278.69 394.30 Td (can ) Tj ET Q q 0 0 0 rg BT 291.60 394.30 Td (be ) Tj ET Q q 0 0 0 rg BT 300.95 394.30 Td (required ) Tj ET Q q 0 0 0 rg BT 329.40 394.30 Td (to ) Tj ET Q q 0 0 0 rg BT 337.43 394.30 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 373.87 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 385.45 394.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 403.25 394.30 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 423.27 394.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 439.74 394.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 460.20 394.30 Td (at ) Tj ET Q q 0 0 0 rg BT 467.78 394.30 Td (a ) Tj ET Q q 0 0 0 rg BT 473.13 394.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 503.36 394.30 Td (price ) Tj ET Q q 0 0 0 rg BT 521.15 394.30 Td (in ) Tj ET Q q 0 0 0 rg BT 529.18 394.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 545.19 394.30 Td (equal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 384.70 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.72 384.70 Td (101.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 82.39 384.70 Td ( ) Tj ET Q q 0 0 0 rg BT 84.39 384.70 Td (of ) Tj ET Q q 0 0 0 rg BT 93.05 384.70 Td (the ) Tj ET Q q 0 0 0 rg BT 104.82 384.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 135.26 384.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 161.25 384.70 Td (of ) Tj ET Q q 0 0 0 rg BT 169.92 384.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.69 384.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 199.69 384.70 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 219.91 384.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 236.57 384.70 Td (Notes ) Tj ET Q q 0 0 0 rg BT 257.24 384.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 272.57 384.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 299.44 384.70 Td (and ) Tj ET Q q 0 0 0 rg BT 312.99 384.70 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 336.77 384.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 362.31 384.70 Td (to ) Tj ET Q q 0 0 0 rg BT 370.54 384.70 Td (the ) Tj ET Q q 0 0 0 rg BT 382.31 384.70 Td (date ) Tj ET Q q 0 0 0 rg BT 397.63 384.70 Td (of ) Tj ET Q q 0 0 0 rg BT 406.30 384.70 Td (purchase.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 369.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 369.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 81.94 369.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 102.16 369.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 118.82 369.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 139.48 369.10 Td (are ) Tj ET Q q 0 0 0 rg BT 151.25 369.10 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 190.11 369.10 Td (at ) Tj ET Q q 0 0 0 rg BT 197.89 369.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.55 369.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 235.00 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.22 369.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 264.77 369.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.43 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.66 369.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 298.09 369.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.87 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.64 369.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 356.07 369.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 377.18 369.10 Td (set ) Tj ET Q q 0 0 0 rg BT 388.06 369.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 405.61 369.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.60 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 334.60 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 304.60 422.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 304.60 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 334.6 m 472 334.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 334.6 m 562 334.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 346.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 338.83 Td (Fr) Tj ET Q q 0 0 0 rg BT 60.79 338.83 Td (om) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.25 346.83 Td (Fixed Rate Notes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.95 338.83 Td (RedemptionPrice) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 323.85 Td (November ) Tj ET Q q 0 0 0 rg BT 88.27 323.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 96.27 323.85 Td (2014 ) Tj ET Q q 0 0 0 rg BT 114.27 323.85 Td (to ) Tj ET Q q 0 0 0 rg BT 122.49 323.85 Td (October ) Tj ET Q q 0 0 0 rg BT 150.25 323.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.25 323.85 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 323.85 Td (104.50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 323.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 308.85 Td (November ) Tj ET Q q 0 0 0 rg BT 88.27 308.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 96.27 308.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 114.27 308.85 Td (to ) Tj ET Q q 0 0 0 rg BT 122.49 308.85 Td (October ) Tj ET Q q 0 0 0 rg BT 150.25 308.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.25 308.85 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 308.85 Td (102.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 308.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 293.85 Td (November ) Tj ET Q q 0 0 0 rg BT 88.27 293.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 96.27 293.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 114.27 293.85 Td (and ) Tj ET Q q 0 0 0 rg BT 127.82 293.85 Td (thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 293.85 Td (100.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 293.85 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 274.50 Td (Certain ) Tj ET Q q 0 0 0 rg BT 74.79 274.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 108.53 274.50 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 149.60 274.50 Td (including ) Tj ET Q q 0 0 0 rg BT 181.57 274.50 Td (redemption ) Tj ET Q q 0 0 0 rg BT 219.75 274.50 Td (call ) Tj ET Q q 0 0 0 rg BT 233.04 274.50 Td (options ) Tj ET Q q 0 0 0 rg BT 258.35 274.50 Td (and ) Tj ET Q q 0 0 0 rg BT 271.65 274.50 Td (change ) Tj ET Q q 0 0 0 rg BT 296.05 274.50 Td (of ) Tj ET Q q 0 0 0 rg BT 304.46 274.50 Td (control ) Tj ET Q q 0 0 0 rg BT 328.87 274.50 Td (and ) Tj ET Q q 0 0 0 rg BT 342.16 274.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 359.46 274.50 Td (disposition ) Tj ET Q q 0 0 0 rg BT 396.33 274.50 Td (put ) Tj ET Q q 0 0 0 rg BT 408.30 274.50 Td (options, ) Tj ET Q q 0 0 0 rg BT 435.60 274.50 Td (have ) Tj ET Q q 0 0 0 rg BT 452.45 274.50 Td (been ) Tj ET Q q 0 0 0 rg BT 469.30 274.50 Td (identified ) Tj ET Q q 0 0 0 rg BT 501.70 274.50 Td (as ) Tj ET Q q 0 0 0 rg BT 510.11 274.50 Td (being ) Tj ET Q q 0 0 0 rg BT 529.63 274.50 Td (embedded ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 264.90 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 264.90 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 264.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 87.50 264.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 107.72 264.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 124.38 264.90 Td (Notes ) Tj ET Q q 0 0 0 rg BT 145.04 264.90 Td (but ) Tj ET Q q 0 0 0 rg BT 157.27 264.90 Td (as ) Tj ET Q q 0 0 0 rg BT 165.93 264.90 Td (they ) Tj ET Q q 0 0 0 rg BT 181.70 264.90 Td (are ) Tj ET Q q 0 0 0 rg BT 193.47 264.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 230.12 264.90 Td (clearly ) Tj ET Q q 0 0 0 rg BT 253.88 264.90 Td (and ) Tj ET Q q 0 0 0 rg BT 267.43 264.90 Td (closely ) Tj ET Q q 0 0 0 rg BT 292.09 264.90 Td (related ) Tj ET Q q 0 0 0 rg BT 315.86 264.90 Td (to ) Tj ET Q q 0 0 0 rg BT 324.08 264.90 Td (the ) Tj ET Q q 0 0 0 rg BT 335.85 264.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 353.85 264.90 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 374.07 264.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 390.73 264.90 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 413.40 264.90 Td (they ) Tj ET Q q 0 0 0 rg BT 429.17 264.90 Td (are ) Tj ET Q q 0 0 0 rg BT 440.94 264.90 Td (not ) Tj ET Q q 0 0 0 rg BT 453.16 264.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 487.59 264.90 Td (for ) Tj ET Q q 0 0 0 rg BT 498.91 264.90 Td (separately) Tj ET Q q 0 0 0 rg BT 530.82 264.90 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 249.30 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 249.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 78.39 249.30 Td (on ) Tj ET Q q 0 0 0 rg BT 88.39 249.30 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 139.71 249.30 Td (of ) Tj ET Q q 0 0 0 rg BT 148.38 249.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 164.15 249.30 Td (comprised ) Tj ET Q q 0 0 0 rg BT 199.48 249.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.25 249.30 Td (following ) Tj ET Q q 0 0 0 rg BT 244.36 249.30 Td (for ) Tj ET Q q 0 0 0 rg BT 255.69 249.30 Td (the ) Tj ET Q q 0 0 0 rg BT 267.46 249.30 Td (years ) Tj ET Q q 0 0 0 rg BT 286.34 249.30 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.44 249.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 354.31 249.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.31 249.30 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.31 249.30 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.31 249.30 Td ( ) Tj ET Q q 0 0 0 rg BT 392.31 249.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.86 249.30 Td (201) Tj ET Q q 0 0 0 rg BT 417.56 249.30 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.56 249.30 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 210.80 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 210.80 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 210.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 210.80 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 210.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 210.80 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 180.80 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 180.80 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 180.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 180.80 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 180.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 180.80 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 225.79999999999995 m 429.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 225.79999999999995 m 433.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 225.79999999999995 m 495.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 225.79999999999995 m 499.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 225.79999999999995 m 561.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 225.79999999999995 m 429.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 210.79999999999995 m 429.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 225.79999999999995 m 433.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 225.79999999999995 m 495.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 210.79999999999995 m 495.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 225.79999999999995 m 499.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 225.79999999999995 m 561.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 210.79999999999995 m 561.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 210.79999999999995 m 429.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 210.79999999999995 m 495.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 210.79999999999995 m 561.5 210.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 165.79999999999995 m 429.5 165.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 151.79999999999995 m 429.5 151.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 149.79999999999995 m 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(edit ) Tj ET Q q 0 0 0 rg BT 93.83 641.73 Td (facilities ) Tj ET Q q 0 0 0 rg BT 124.27 641.73 Td (and ) Tj ET Q q 0 0 0 rg BT 139.16 641.73 Td (capital ) Tj ET Q q 0 0 0 rg BT 164.27 641.73 Td (leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.50 641.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.80 641.73 Td (8,492) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.80 641.73 Td (7,368) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 626.75 Td (Less ) Tj ET Q q 0 0 0 rg BT 69.16 626.75 Td (current ) Tj ET Q q 0 0 0 rg BT 93.82 626.75 Td (maturities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.50 626.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.10 626.75 Td (\(2,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 626.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 626.75 Td (\(1,476) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 626.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 611.73 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 611.73 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 611.73 Td (non-curr) Tj ET Q q 0 0 0 rg BT 102.51 611.73 Td (ent ) Tj ET Q q 0 0 0 rg BT 115.17 611.73 Td (cr) Tj ET Q q 0 0 0 rg BT 122.13 611.73 Td (edit ) Tj ET Q q 0 0 0 rg BT 137.02 611.73 Td (facilities ) Tj ET Q q 0 0 0 rg BT 167.45 611.73 Td (and ) Tj ET Q q 0 0 0 rg BT 182.35 611.73 Td (capital ) Tj ET Q q 0 0 0 rg BT 207.46 611.73 Td (leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 316.50 611.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 611.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.80 611.73 Td (6,069) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 611.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.80 611.73 Td (5,892) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.50 592.40 Td (\(a\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 592.40 Td (W) Tj ET Q q 0 0 0 rg BT 92.41 592.40 Td (e ) Tj ET Q q 0 0 0 rg BT 98.05 592.40 Td (have ) Tj ET Q q 0 0 0 rg BT 115.25 592.40 Td (a ) Tj ET Q q 0 0 0 rg BT 120.89 592.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 137.20 592.40 Td (pooling ) Tj ET Q q 0 0 0 rg BT 163.74 592.40 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 205.81 592.40 Td (with ) Tj ET Q q 0 0 0 rg BT 222.13 592.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 241.11 592.40 Td (Mendes ) Tj ET Q q 0 0 0 rg BT 268.53 592.40 Td (Gans ) Tj ET Q q 0 0 0 rg BT 287.07 592.40 Td (\(BMG\), ) Tj ET Q q 0 0 0 rg BT 321.82 592.40 Td (a ) Tj ET Q q 0 0 0 rg BT 327.46 592.40 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 362.44 592.40 Td (of ) Tj ET Q q 0 0 0 rg BT 371.20 592.40 Td (ING ) Tj ET Q q 0 0 0 rg BT 387.51 592.40 Td (Bank ) Tj ET Q q 0 0 0 rg BT 406.49 592.40 Td (N.V) Tj ET Q q 0 0 0 rg BT 419.02 592.40 Td (. ) Tj ET Q q 0 0 0 rg BT 423.11 592.40 Td (\(ING\), ) Tj ET Q q 0 0 0 rg BT 453.85 592.40 Td (which ) Tj ET Q q 0 0 0 rg BT 475.50 592.40 Td (enables ) Tj ET Q q 0 0 0 rg BT 501.58 592.40 Td (us ) Tj ET Q q 0 0 0 rg BT 510.79 592.40 Td (to ) Tj ET Q q 0 0 0 rg BT 519.10 592.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 544.29 592.40 Td (credit ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 582.80 Td (across ) Tj ET Q q 0 0 0 rg BT 107.79 582.80 Td (the ) Tj ET Q q 0 0 0 rg BT 119.86 582.80 Td (group ) Tj ET Q q 0 0 0 rg BT 140.83 582.80 Td (in ) Tj ET Q q 0 0 0 rg BT 149.35 582.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 174.30 582.80 Td (of ) Tj ET Q q 0 0 0 rg BT 183.26 582.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 199.78 582.80 Td (balances ) Tj ET Q q 0 0 0 rg BT 229.61 582.80 Td (which ) Tj ET Q q 0 0 0 rg BT 251.46 582.80 Td (our ) Tj ET Q q 0 0 0 rg BT 264.43 582.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 304.50 582.80 Td (deposit ) Tj ET Q q 0 0 0 rg BT 329.91 582.80 Td (with ) Tj ET Q q 0 0 0 rg BT 346.43 582.80 Td (BMG. ) Tj ET Q q 0 0 0 rg BT 368.95 582.80 Td (Cash ) Tj ET Q q 0 0 0 rg BT 387.25 582.80 Td (deposited ) Tj ET Q q 0 0 0 rg BT 420.21 582.80 Td (by ) Tj ET Q q 0 0 0 rg BT 430.51 582.80 Td (our ) Tj ET Q q 0 0 0 rg BT 443.47 582.80 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 483.54 582.80 Td (with ) Tj ET Q q 0 0 0 rg BT 500.07 582.80 Td (BMG ) Tj ET Q q 0 0 0 rg BT 520.59 582.80 Td (is ) Tj ET Q q 0 0 0 rg BT 528.23 582.80 Td (pledged ) Tj ET Q q 0 0 0 rg BT 555.85 582.80 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 573.20 Td (security ) Tj ET Q q 0 0 0 rg BT 112.82 573.20 Td (against ) Tj ET Q q 0 0 0 rg BT 137.48 573.20 Td (the ) Tj ET Q q 0 0 0 rg BT 149.26 573.20 Td (drawings ) Tj ET Q q 0 0 0 rg BT 180.59 573.20 Td (of ) Tj ET Q q 0 0 0 rg BT 189.25 573.20 Td (other ) Tj ET Q q 0 0 0 rg BT 207.69 573.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 247.46 573.20 Td (up ) Tj ET Q q 0 0 0 rg BT 257.46 573.20 Td (to ) Tj ET Q q 0 0 0 rg BT 265.68 573.20 Td (the ) Tj ET Q q 0 0 0 rg BT 277.46 573.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 303.45 573.20 Td (deposited.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 557.60 Td (As ) Tj ET Q q 0 0 0 rg BT 95.95 557.60 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.27 557.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 149.70 557.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.70 557.60 Td (, ) Tj ET Q q 0 0 0 rg BT 169.25 557.60 Td (we ) Tj ET Q q 0 0 0 rg BT 180.13 557.60 Td (had ) Tj ET Q q 0 0 0 rg BT 193.24 557.60 Td (deposits ) Tj ET Q q 0 0 0 rg BT 221.02 557.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.23 557.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.02 557.60 Td (21.8 ) Tj ET Q q 0 0 0 rg BT 260.57 557.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.68 557.60 Td ( ) Tj ET Q q 0 0 0 rg BT 285.24 557.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.02 557.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.12 557.60 Td (drawings ) Tj ET Q q 0 0 0 rg BT 337.00 557.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.22 557.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 557.60 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 372.56 557.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.67 557.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.23 557.60 Td (on ) Tj ET Q q 0 0 0 rg BT 406.78 557.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.11 557.60 Td (BMG ) Tj ET Q q 0 0 0 rg BT 437.89 557.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 453.66 557.60 Td (pool. ) Tj ET Q q 0 0 0 rg BT 471.44 557.60 Td (Interest ) Tj ET Q q 0 0 0 rg BT 496.98 557.60 Td (is ) Tj ET Q q 0 0 0 rg BT 503.87 557.60 Td (earned ) Tj ET Q q 0 0 0 rg BT 526.74 557.60 Td (on ) Tj ET Q q 0 0 0 rg BT 536.30 557.60 Td (deposits ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 548.00 Td (at ) Tj ET Q q 0 0 0 rg BT 93.41 548.00 Td (the ) Tj ET Q q 0 0 0 rg BT 105.32 548.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 133.22 548.00 Td (money ) Tj ET Q q 0 0 0 rg BT 157.13 548.00 Td (market ) Tj ET Q q 0 0 0 rg BT 181.48 548.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 195.60 548.00 Td (and ) Tj ET Q q 0 0 0 rg BT 209.29 548.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.97 548.00 Td (is ) Tj ET Q q 0 0 0 rg BT 242.45 548.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 269.46 548.00 Td (on ) Tj ET Q q 0 0 0 rg BT 279.59 548.00 Td (all ) Tj ET Q q 0 0 0 rg BT 289.73 548.00 Td (drawings ) Tj ET Q q 0 0 0 rg BT 321.19 548.00 Td (at ) Tj ET Q q 0 0 0 rg BT 329.10 548.00 Td (the ) Tj ET Q q 0 0 0 rg BT 341.01 548.00 Td (relevant ) Tj ET Q q 0 0 0 rg BT 368.91 548.00 Td (money ) Tj ET Q q 0 0 0 rg BT 392.82 548.00 Td (market ) Tj ET Q q 0 0 0 rg BT 417.17 548.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 431.29 548.00 Td (plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.77 548.00 Td (2.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.43 548.00 Td (. ) Tj ET Q q 0 0 0 rg BT 467.09 548.00 Td (As ) Tj ET Q q 0 0 0 rg BT 478.12 548.00 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.03 548.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 533.04 548.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.04 548.00 Td (, ) Tj ET Q q 0 0 0 rg BT 553.17 548.00 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 538.40 Td (had ) Tj ET Q q 0 0 0 rg BT 99.05 538.40 Td (deposits ) Tj ET Q q 0 0 0 rg BT 127.27 538.40 Td (of ) Tj ET Q q 0 0 0 rg BT 135.94 538.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 152.16 538.40 Td (30.3 ) Tj ET Q q 0 0 0 rg BT 168.16 538.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.28 538.40 Td ( ) Tj ET Q q 0 0 0 rg BT 193.28 538.40 Td (in ) Tj ET Q q 0 0 0 rg BT 201.50 538.40 Td (and ) Tj ET Q q 0 0 0 rg BT 215.05 538.40 Td (drawings ) Tj ET Q q 0 0 0 rg BT 246.38 538.40 Td (of ) Tj ET Q q 0 0 0 rg BT 255.04 538.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.27 538.40 Td (0.5 ) Tj ET Q q 0 0 0 rg BT 283.27 538.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.38 538.40 Td ( ) Tj ET Q q 0 0 0 rg BT 308.38 538.40 Td (on ) Tj ET Q q 0 0 0 rg BT 318.38 538.40 Td (the ) Tj ET Q q 0 0 0 rg BT 330.16 538.40 Td (BMG ) Tj ET Q q 0 0 0 rg BT 350.38 538.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 366.60 538.40 Td (pool.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.50 522.80 Td (\(b\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 522.80 Td (As ) Tj ET Q q 0 0 0 rg BT 96.35 522.80 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.07 522.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.90 522.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.90 522.80 Td ( ) Tj ET Q q 0 0 0 rg BT 168.85 522.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.36 522.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 229.18 522.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.18 522.80 Td (, ) Tj ET Q q 0 0 0 rg BT 249.13 522.80 Td (there ) Tj ET Q q 0 0 0 rg BT 267.08 522.80 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.58 522.80 Td (no) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.58 522.80 Td ( ) Tj ET Q q 0 0 0 rg BT 294.53 522.80 Td (drawings ) Tj ET Q q 0 0 0 rg BT 325.81 522.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 365.10 522.80 Td (under ) Tj ET Q q 0 0 0 rg BT 385.27 522.80 Td (a ) Tj ET Q q 0 0 0 rg BT 390.78 522.80 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.73 522.80 Td (910.0 ) Tj ET Q q 0 0 0 rg BT 428.69 522.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.80 522.80 Td ( ) Tj ET Q q 0 0 0 rg BT 453.76 522.80 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 504.58 522.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.76 522.80 Td (45.7 ) Tj ET Q q 0 0 0 rg BT 536.72 522.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.83 522.80 Td (\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 513.20 Td (factoring ) Tj ET Q q 0 0 0 rg BT 115.71 513.20 Td (framework ) Tj ET Q q 0 0 0 rg BT 152.13 513.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 186.78 513.20 Td (with ) Tj ET Q q 0 0 0 rg BT 202.34 513.20 Td (Factoring ) Tj ET Q q 0 0 0 rg BT 234.33 513.20 Td (Ceska ) Tj ET Q q 0 0 0 rg BT 255.21 513.20 Td (Sporitelna ) Tj ET Q q 0 0 0 rg BT 289.43 513.20 Td (\(FCS\). ) Tj ET Q q 0 0 0 rg BT 319.43 513.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 340.75 513.20 Td (this ) Tj ET Q q 0 0 0 rg BT 353.64 513.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 377.63 513.20 Td (up ) Tj ET Q q 0 0 0 rg BT 386.96 513.20 Td (to ) Tj ET Q q 0 0 0 rg BT 394.52 513.20 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.85 513.20 Td (910.0 ) Tj ET Q q 0 0 0 rg BT 431.19 513.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 513.20 Td ( ) Tj ET Q q 0 0 0 rg BT 455.63 513.20 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 505.84 513.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.40 513.20 Td (45.7 ) Tj ET Q q 0 0 0 rg BT 536.73 513.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.84 513.20 Td (\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 503.60 Td (may ) Tj ET Q q 0 0 0 rg BT 101.24 503.60 Td (be ) Tj ET Q q 0 0 0 rg BT 110.76 503.60 Td (factored ) Tj ET Q q 0 0 0 rg BT 138.94 503.60 Td (on ) Tj ET Q q 0 0 0 rg BT 148.91 503.60 Td (a ) Tj ET Q q 0 0 0 rg BT 154.43 503.60 Td (recourse ) Tj ET Q q 0 0 0 rg BT 183.49 503.60 Td (or ) Tj ET Q q 0 0 0 rg BT 192.12 503.60 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 235.85 503.60 Td (basis. ) Tj ET Q q 0 0 0 rg BT 255.68 503.60 Td (The ) Tj ET Q q 0 0 0 rg BT 270.09 503.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 294.71 503.60 Td (bears ) Tj ET Q q 0 0 0 rg BT 313.56 503.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.08 503.60 Td (at ) Tj ET Q q 0 0 0 rg BT 346.82 503.60 Td (one-month ) Tj ET Q q 0 0 0 rg BT 383.45 503.60 Td (PRIBOR ) Tj ET Q q 0 0 0 rg BT 414.32 503.60 Td (plus ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.62 503.60 Td (2.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.29 503.60 Td ( ) Tj ET Q q 0 0 0 rg BT 448.26 503.60 Td (for ) Tj ET Q q 0 0 0 rg BT 459.56 503.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.30 503.60 Td (period ) Tj ET Q q 0 0 0 rg BT 493.71 503.60 Td (that ) Tj ET Q q 0 0 0 rg BT 507.67 503.60 Td (actively ) Tj ET Q q 0 0 0 rg BT 534.96 503.60 Td (assigned ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 494.00 Td (accounts ) Tj ET Q q 0 0 0 rg BT 115.49 494.00 Td (receivable ) Tj ET Q q 0 0 0 rg BT 150.35 494.00 Td (are ) Tj ET Q q 0 0 0 rg BT 162.12 494.00 Td (outstanding.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.50 478.40 Td (\(c\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 478.40 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.91 478.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.20 478.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 161.20 478.40 Td (, ) Tj ET Q q 0 0 0 rg BT 166.61 478.40 Td (our ) Tj ET Q q 0 0 0 rg BT 180.69 478.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 217.43 478.40 Td (in ) Tj ET Q q 0 0 0 rg BT 227.07 478.40 Td (Romania ) Tj ET Q q 0 0 0 rg BT 259.36 478.40 Td (had ) Tj ET Q q 0 0 0 rg BT 274.33 478.40 Td (an ) Tj ET Q q 0 0 0 rg BT 285.29 478.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 319.80 478.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 351.65 478.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 379.06 478.40 Td (of ) Tj ET Q q 0 0 0 rg BT 389.14 478.40 Td (RON ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.44 478.40 Td (12.5 ) Tj ET Q q 0 0 0 rg BT 426.85 478.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.97 478.40 Td ( ) Tj ET Q q 0 0 0 rg BT 453.38 478.40 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 505.67 478.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.31 478.40 Td (3.8 ) Tj ET Q q 0 0 0 rg BT 536.72 478.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.84 478.40 Td (\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 468.80 Td (\() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.16 468.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 135.61 468.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 151.61 468.80 Td (, ) Tj ET Q q 0 0 0 rg BT 156.18 468.80 Td (RON ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.65 468.80 Td (1) Tj ET Q q 0 0 0 rg BT 179.35 468.80 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 191.93 468.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.04 468.80 Td (, ) Tj ET Q q 0 0 0 rg BT 219.62 468.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 268.40 468.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.21 468.80 Td (3.6 ) Tj ET Q q 0 0 0 rg BT 297.78 468.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.89 468.80 Td ( ) Tj ET Q q 0 0 0 rg BT 323.47 468.80 Td (based ) Tj ET Q q 0 0 0 rg BT 344.26 468.80 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.84 468.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 402.28 468.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.28 468.80 Td ( ) Tj ET Q q 0 0 0 rg BT 420.86 468.80 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 441.20 468.80 Td (of ) Tj ET Q q 0 0 0 rg BT 450.44 468.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 469.90 468.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 509.81 468.80 Td (with ) Tj ET Q q 0 0 0 rg BT 526.61 468.80 Td (the ) Tj ET Q q 0 0 0 rg BT 538.96 468.80 Td (Central ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 459.20 Td (National ) Tj ET Q q 0 0 0 rg BT 115.81 459.20 Td (al ) Tj ET Q q 0 0 0 rg BT 124.34 459.20 Td (Cinematografei ) Tj ET Q q 0 0 0 rg BT 176.86 459.20 Td (\("CNC"\), ) Tj ET Q q 0 0 0 rg BT 209.93 459.20 Td (a ) Tj ET Q q 0 0 0 rg BT 216.24 459.20 Td (Romanian ) Tj ET Q q 0 0 0 rg BT 251.88 459.20 Td (governmental ) Tj ET Q q 0 0 0 rg BT 298.63 459.20 Td (or) Tj ET Q q 0 0 0 rg BT 305.15 459.20 Td (ganization ) Tj ET Q q 0 0 0 rg BT 341.23 459.20 Td (which ) Tj ET Q q 0 0 0 rg BT 363.54 459.20 Td (provides ) Tj ET Q q 0 0 0 rg BT 393.85 459.20 Td (financing ) Tj ET Q q 0 0 0 rg BT 426.83 459.20 Td (for ) Tj ET Q q 0 0 0 rg BT 438.91 459.20 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 474.56 459.20 Td (filmmaking ) Tj ET Q q 0 0 0 rg BT 514.65 459.20 Td (projects. ) Tj ET Q q 0 0 0 rg BT 544.73 459.20 Td (Upon ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 449.60 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 122.40 449.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.89 449.60 Td (a ) Tj ET Q q 0 0 0 rg BT 136.27 449.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 168.74 449.60 Td (project, ) Tj ET Q q 0 0 0 rg BT 194.77 449.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.37 449.60 Td (CNC ) Tj ET Q q 0 0 0 rg BT 224.64 449.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 249.13 449.60 Td (an ) Tj ET Q q 0 0 0 rg BT 258.50 449.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 281.64 449.60 Td (level ) Tj ET Q q 0 0 0 rg BT 299.01 449.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.50 449.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 334.21 449.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.26 449.60 Td (each ) Tj ET Q q 0 0 0 rg BT 358.73 449.60 Td (project ) Tj ET Q q 0 0 0 rg BT 382.77 449.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.82 449.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.41 449.60 Td (form ) Tj ET Q q 0 0 0 rg BT 419.79 449.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.28 449.60 Td (an ) Tj ET Q q 0 0 0 rg BT 437.65 449.60 Td (interest-free ) Tj ET Q q 0 0 0 rg BT 478.12 449.60 Td (loan. ) Tj ET Q q 0 0 0 rg BT 495.71 449.60 Td (Loans ) Tj ET Q q 0 0 0 rg BT 517.09 449.60 Td (from ) Tj ET Q q 0 0 0 rg BT 534.46 449.60 Td (the ) Tj ET Q q 0 0 0 rg BT 546.06 449.60 Td (CNC ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 440.00 Td (are ) Tj ET Q q 0 0 0 rg BT 97.35 440.00 Td (typically ) Tj ET Q q 0 0 0 rg BT 127.43 440.00 Td (advanced ) Tj ET Q q 0 0 0 rg BT 159.72 440.00 Td (for ) Tj ET Q q 0 0 0 rg BT 171.14 440.00 Td (a ) Tj ET Q q 0 0 0 rg BT 176.77 440.00 Td (period ) Tj ET Q q 0 0 0 rg BT 199.30 440.00 Td (of ) Tj ET Q q 0 0 0 rg BT 208.05 440.00 Td (ten ) Tj ET Q q 0 0 0 rg BT 219.91 440.00 Td (years ) Tj ET Q q 0 0 0 rg BT 238.88 440.00 Td (and ) Tj ET Q q 0 0 0 rg BT 252.51 440.00 Td (are ) Tj ET Q q 0 0 0 rg BT 264.37 440.00 Td (repaid ) Tj ET Q q 0 0 0 rg BT 286.44 440.00 Td (through ) Tj ET Q q 0 0 0 rg BT 313.42 440.00 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 440.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 355.79 440.00 Td (from ) Tj ET Q q 0 0 0 rg BT 373.43 440.00 Td (the ) Tj ET Q q 0 0 0 rg BT 385.29 440.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 424.27 440.00 Td (of ) Tj ET Q q 0 0 0 rg BT 433.02 440.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.88 440.00 Td (film ) Tj ET Q q 0 0 0 rg BT 460.30 440.00 Td (content. ) Tj ET Q q 0 0 0 rg BT 487.47 440.00 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.56 440.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 544.51 440.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.51 440.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 430.40 Td (we ) Tj ET Q q 0 0 0 rg BT 95.97 430.40 Td (had ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.67 430.40 Td (17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.67 430.40 Td ( ) Tj ET Q q 0 0 0 rg BT 117.81 430.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 135.84 430.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 174.32 430.40 Td (with ) Tj ET Q q 0 0 0 rg BT 189.68 430.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.60 430.40 Td (CNC ) Tj ET Q q 0 0 0 rg BT 218.19 430.40 Td (with ) Tj ET Q q 0 0 0 rg BT 233.56 430.40 Td (maturity ) Tj ET Q q 0 0 0 rg BT 261.81 430.40 Td (dates ) Tj ET Q q 0 0 0 rg BT 279.39 430.40 Td (ranging ) Tj ET Q q 0 0 0 rg BT 304.97 430.40 Td (from ) Tj ET Q q 0 0 0 rg BT 321.66 430.40 Td (2014 ) Tj ET Q q 0 0 0 rg BT 338.81 430.40 Td (to ) Tj ET Q q 0 0 0 rg BT 346.17 430.40 Td (2023. ) Tj ET Q q 0 0 0 rg BT 365.23 430.40 Td (The ) Tj ET Q q 0 0 0 rg BT 378.81 430.40 Td (carrying ) Tj ET Q q 0 0 0 rg BT 406.61 430.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 434.86 430.40 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.78 430.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 487.79 430.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.79 430.40 Td ( ) Tj ET Q q 0 0 0 rg BT 504.94 430.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.63 430.40 Td (December31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 420.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.50 420.80 Td ( ) Tj ET Q q 0 0 0 rg BT 103.50 420.80 Td (are ) Tj ET Q q 0 0 0 rg BT 115.27 420.80 Td (net ) Tj ET Q q 0 0 0 rg BT 127.04 420.80 Td (of ) Tj ET Q q 0 0 0 rg BT 135.70 420.80 Td (a ) Tj ET Q q 0 0 0 rg BT 141.25 420.80 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.36 420.80 Td (value ) Tj ET Q q 0 0 0 rg BT 173.68 420.80 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 210.79 420.80 Td (of ) Tj ET Q q 0 0 0 rg BT 219.45 420.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.68 420.80 Td (0.6 ) Tj ET Q q 0 0 0 rg BT 247.68 420.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.79 420.80 Td ( ) Tj ET Q q 0 0 0 rg BT 272.79 420.80 Td (and ) Tj ET Q q 0 0 0 rg BT 286.34 420.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.57 420.80 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 314.57 420.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.68 420.80 Td (, ) Tj ET Q q 0 0 0 rg BT 341.68 420.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 379.81 420.80 Td (, ) Tj ET Q q 0 0 0 rg BT 383.81 420.80 Td (arising ) Tj ET Q q 0 0 0 rg BT 407.58 420.80 Td (on ) Tj ET Q q 0 0 0 rg BT 417.58 420.80 Td (acquisition.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 49.50 405.20 Td (T) Tj ET Q q 0 0 0 rg BT 53.65 405.20 Td (otal ) Tj ET Q q 0 0 0 rg BT 68.10 405.20 Td (Group) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 389.60 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.50 389.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 106.37 389.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 122.37 389.60 Td (, ) Tj ET Q q 0 0 0 rg BT 126.37 389.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.14 389.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 167.25 389.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.91 389.60 Td (our ) Tj ET Q q 0 0 0 rg BT 188.57 389.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 210.13 389.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 225.90 389.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.45 389.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 259.66 389.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 289.20 389.60 Td (was ) Tj ET Q q 0 0 0 rg BT 303.64 389.60 Td (as ) Tj ET Q q 0 0 0 rg BT 312.31 389.60 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.10 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 379.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 349.10 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 349.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 319.10 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 319.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 289.10 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 289.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 259.10 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 259.10 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 289.1 m 562 289.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 259.1 m 562 259.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 245.10000000000002 m 562 245.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 243.10000000000002 m 562 243.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 368.35 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 368.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 368.35 Td (1,280) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 353.35 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 353.35 Td (261,070) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 338.35 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 338.35 Td (376,479) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 323.35 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 323.35 Td (330,981) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 308.35 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 308.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 293.35 Td (2019 ) Tj ET Q q 0 0 0 rg BT 70.50 293.35 Td (and ) Tj ET Q q 0 0 0 rg BT 84.05 293.35 Td (thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 293.35 Td (3,407) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 278.33 Td (T) Tj ET Q q 0 0 0 rg BT 57.47 278.33 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 278.33 Td (senior) Tj ET Q q 0 0 0 rg BT 92.80 278.33 Td ( ) Tj ET Q q 0 0 0 rg BT 94.73 278.33 Td (debt ) Tj ET Q q 0 0 0 rg BT 111.84 278.33 Td (and ) Tj ET Q q 0 0 0 rg BT 126.74 278.33 Td (cr) Tj ET Q q 0 0 0 rg BT 133.77 278.33 Td (edit ) Tj ET Q q 0 0 0 rg BT 148.59 278.33 Td (facilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 278.33 Td (973,217) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 263.35 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.05 263.35 Td (discount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 263.35 Td (\(12,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 263.35 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 248.33 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 86.05 248.33 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.28 248.33 Td (of ) Tj ET Q q 0 0 0 rg BT 122.94 248.33 Td (senior) Tj ET Q q 0 0 0 rg BT 143.68 248.33 Td ( ) Tj ET Q q 0 0 0 rg BT 145.68 248.33 Td (debt ) Tj ET Q q 0 0 0 rg BT 162.80 248.33 Td (and ) Tj ET Q q 0 0 0 rg BT 177.70 248.33 Td (cr) Tj ET Q q 0 0 0 rg BT 184.65 248.33 Td (edit ) Tj ET Q q 0 0 0 rg BT 199.54 248.33 Td (facilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.50 248.33 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 248.33 Td (961,102) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 229.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 75.50 229.00 Td (Lease ) Tj ET Q q 0 0 0 rg BT 96.17 229.00 Td (Commitments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 213.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 213.40 Td (e ) Tj ET Q q 0 0 0 rg BT 61.37 213.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 78.76 213.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 101.93 213.40 Td (of ) Tj ET Q q 0 0 0 rg BT 110.00 213.40 Td (our ) Tj ET Q q 0 0 0 rg BT 122.07 213.40 Td (of) Tj ET Q q 0 0 0 rg BT 128.58 213.40 Td (fice ) Tj ET Q q 0 0 0 rg BT 141.98 213.40 Td (and ) Tj ET Q q 0 0 0 rg BT 154.93 213.40 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 186.99 213.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 215.94 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 224.01 213.40 Td (well ) Tj ET Q q 0 0 0 rg BT 239.19 213.40 Td (as ) Tj ET Q q 0 0 0 rg BT 247.26 213.40 Td (machinery ) Tj ET Q q 0 0 0 rg BT 282.42 213.40 Td (and ) Tj ET Q q 0 0 0 rg BT 295.38 213.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 330.56 213.40 Td (under ) Tj ET Q q 0 0 0 rg BT 350.18 213.40 Td (various ) Tj ET Q q 0 0 0 rg BT 375.13 213.40 Td (leasing ) Tj ET Q q 0 0 0 rg BT 399.20 213.40 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 445.59 213.40 Td (The ) Tj ET Q q 0 0 0 rg BT 459.43 213.40 Td (future ) Tj ET Q q 0 0 0 rg BT 479.94 213.40 Td (minimum ) Tj ET Q q 0 0 0 rg BT 512.46 213.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 529.85 213.40 Td (payments, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 203.80 Td (by ) Tj ET Q q 0 0 0 rg BT 60.37 203.80 Td (year ) Tj ET Q q 0 0 0 rg BT 77.00 203.80 Td (and ) Tj ET Q q 0 0 0 rg BT 91.42 203.80 Td (in ) Tj ET Q q 0 0 0 rg BT 100.52 203.80 Td (the ) Tj ET Q q 0 0 0 rg BT 113.16 203.80 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 149.12 203.80 Td (under ) Tj ET Q q 0 0 0 rg BT 170.20 203.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 194.39 203.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 216.36 203.80 Td (with ) Tj ET Q q 0 0 0 rg BT 233.45 203.80 Td (initial ) Tj ET Q q 0 0 0 rg BT 254.99 203.80 Td (or ) Tj ET Q q 0 0 0 rg BT 264.52 203.80 Td (remaining ) Tj ET Q q 0 0 0 rg BT 299.82 203.80 Td (non-cancellable ) Tj ET Q q 0 0 0 rg BT 353.33 203.80 Td (lease ) Tj ET Q q 0 0 0 rg BT 372.19 203.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 392.83 203.80 Td (in ) Tj ET Q q 0 0 0 rg BT 401.92 203.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 425.67 203.80 Td (of ) Tj ET Q q 0 0 0 rg BT 435.20 203.80 Td (one ) Tj ET Q q 0 0 0 rg BT 449.62 203.80 Td (year) Tj ET Q q 0 0 0 rg BT 463.07 203.80 Td (, ) Tj ET Q q 0 0 0 rg BT 467.94 203.80 Td (consisted ) Tj ET Q q 0 0 0 rg BT 500.58 203.80 Td (of ) Tj ET Q q 0 0 0 rg BT 510.11 203.80 Td (the ) Tj ET Q q 0 0 0 rg BT 522.75 203.80 Td (following ) Tj ET Q q 0 0 0 rg BT 556.73 203.80 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 194.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 194.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.37 194.20 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 183.70 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 183.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 153.70 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 153.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 123.70 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 123.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 93.70 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 93.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 63.70 442.00 -15.00 re f /GS0 gs 0.8 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67.50 711.60 Td (PROGRAM ) Tj ET Q q 0 0 0 rg BT 111.71 711.60 Td (RIGHTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 696.00 Td (Program ) Tj ET Q q 0 0 0 rg BT 79.05 696.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 99.27 696.00 Td (comprised ) Tj ET Q q 0 0 0 rg BT 134.60 696.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.37 696.00 Td (following ) Tj ET Q q 0 0 0 rg BT 179.48 696.00 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 187.25 696.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 234.12 696.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.12 696.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.12 696.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.67 696.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 312.54 696.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.54 696.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 670.50 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 670.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 670.50 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8.00 Tf ET q 0 0 0 rg BT 558.80 629.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 614.75 Td (Total non-current acquired program rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 614.75 Td (158,349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 614.75 Td (175,028) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 599.75 Td (Produced program rights Feature Films:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 584.75 Td (Released, net of amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 584.75 Td (6,651) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 584.75 Td (4,601) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 569.75 Td (Completed and not released) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.80 569.75 Td (550) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 569.75 Td (1,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 554.75 Td (In production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 554.75 Td (1,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 554.75 Td (2,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 539.75 Td (Development and pre-production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.80 539.75 Td (804) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 539.75 Td (552) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 524.75 Td (Produced program rights Television Programs:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 509.75 Td (Released, net of amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 509.75 Td (76,984) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 509.75 Td (80,830) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 494.75 Td (Completed and not released) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 494.75 Td (24,755) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 494.75 Td (23,158) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 479.75 Td (In production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 479.75 Td (17,109) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 479.75 Td (11,294) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 464.75 Td (Development and pre-production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 464.75 Td (2,899) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 464.75 Td (4,543) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 449.75 Td (Total produced program rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 449.75 Td (131,352) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 449.75 Td (128,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 434.73 Td (Total non-current acquired program rights and produced program rights) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 434.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.80 434.73 Td (289,701) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 434.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 434.73 Td (303,708) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 409.40 Td (7. ) Tj ET Q q 0 0 0 rg BT 67.50 409.40 Td (ACCOUNTS ) Tj ET Q q 0 0 0 rg BT 114.39 409.40 Td (RECEIV) Tj ET Q q 0 0 0 rg BT 144.48 409.40 Td (ABLE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 393.80 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 81.71 393.80 Td (receivable ) Tj ET Q q 0 0 0 rg BT 116.58 393.80 Td (comprised ) Tj ET Q q 0 0 0 rg BT 151.90 393.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.68 393.80 Td (following ) Tj ET Q q 0 0 0 rg BT 196.79 393.80 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 204.56 393.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 251.43 393.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.43 393.80 Td ( ) Tj ET Q q 0 0 0 rg BT 269.43 393.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.98 393.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 329.84 393.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.84 393.80 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 368.30 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 368.30 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 368.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 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0 d 0 J 0 j 3 M 378 504.5 m 468 504.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 520.5 m 562 520.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 506.5 m 562 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 504.5 m 562 504.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378 475.5 m 468 475.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472 475.5 m 562 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 415.5 m 468 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 401.5 m 468 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378 399.5 m 468 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 415.5 m 562 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 401.5 m 562 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 399.5 m 562 399.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 674.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.00 674.73 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 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ET q 0 0 0 rg BT 380.50 509.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 509.73 Td (52,246) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 509.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 509.73 Td (73,641) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 479.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.00 479.73 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.00 479.73 Td (December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 464.73 Td (Non-current:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.50 464.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 464.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 449.75 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 96.93 449.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 112.70 449.75 Td (costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 449.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 449.75 Td (9,272) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 449.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 449.75 Td (16,887) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 434.75 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.92 434.75 Td (tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.80 434.75 Td (877) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 434.75 Td (5,539) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 419.75 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 419.75 Td (3,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 419.75 Td (1,845) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 404.73 Td (Total other non-current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 404.73 Td (13,855) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 404.73 Td (24,271) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 385.40 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 88.16 385.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 104.17 385.40 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BT 540.74 385.40 Td (fective ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 375.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 74.88 375.80 Td (method, ) Tj ET Q q 0 0 0 rg BT 102.70 375.80 Td (or ) Tj ET Q q 0 0 0 rg BT 111.19 375.80 Td (the ) Tj ET Q q 0 0 0 rg BT 122.80 375.80 Td (ef) Tj ET Q q 0 0 0 rg BT 128.87 375.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 152.46 375.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 177.83 375.80 Td (method. ) Tj ET Q q 0 0 0 rg BT 205.66 375.80 Td (In ) Tj ET Q q 0 0 0 rg BT 214.15 375.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 251.08 375.80 Td (with ) Tj ET Q q 0 0 0 rg BT 267.13 375.80 Td (the ) Tj ET Q q 0 0 0 rg BT 278.73 375.80 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 315.21 375.80 Td (of ) Tj ET Q q 0 0 0 rg BT 323.70 375.80 Td (a ) Tj ET Q q 0 0 0 rg BT 329.08 375.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 354.02 375.80 Td (of ) Tj ET Q q 0 0 0 rg BT 362.51 375.80 Td (our ) Tj ET Q q 0 0 0 rg BT 375.00 375.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 392.83 375.80 Td (Fixed 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Tj ET Q q 0 0 0 rg BT 250.75 366.20 Td (as ) Tj ET Q q 0 0 0 rg BT 259.29 366.20 Td (a ) Tj ET Q q 0 0 0 rg BT 264.73 366.20 Td (component ) Tj ET Q q 0 0 0 rg BT 302.16 366.20 Td (of ) Tj ET Q q 0 0 0 rg BT 310.71 366.20 Td (the ) Tj ET Q q 0 0 0 rg BT 322.36 366.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 336.70 366.20 Td (on ) Tj ET Q q 0 0 0 rg BT 346.58 366.20 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 397.79 366.20 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 366.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 422.00 366.20 Td (in ) Tj ET Q q 0 0 0 rg BT 430.10 366.20 Td (our ) Tj ET Q q 0 0 0 rg BT 442.65 366.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 484.97 366.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 520.62 366.20 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 366.20 Td (operations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 356.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 356.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.48 356.60 Td (income.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 341.00 Td (The ) Tj ET Q q 0 0 0 rg BT 63.84 341.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 95.51 341.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 111.62 341.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 137.95 341.00 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.63 341.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 192.40 341.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.40 341.00 Td ( ) Tj ET Q q 0 0 0 rg BT 210.30 341.00 Td (included ) Tj ET Q q 0 0 0 rg BT 239.75 341.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.88 341.00 Td (21.0 ) Tj ET Q q 0 0 0 rg BT 271.79 341.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.90 341.00 Td ( ) Tj ET Q q 0 0 0 rg BT 296.80 341.00 Td (deposited ) Tj ET Q q 0 0 0 rg BT 329.37 341.00 Td (in ) Tj ET Q q 0 0 0 rg BT 337.49 341.00 Td (escrow ) Tj ET Q q 0 0 0 rg BT 362.05 341.00 Td (with ) Tj ET Q q 0 0 0 rg BT 378.18 341.00 Td (the ) Tj ET Q q 0 0 0 rg BT 389.86 341.00 Td (trustee ) Tj ET Q q 0 0 0 rg BT 413.08 341.00 Td (of ) Tj ET Q q 0 0 0 rg BT 421.65 341.00 Td (the ) Tj ET Q q 0 0 0 rg BT 433.33 341.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 451.23 341.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 490.90 341.00 Td (Notes ) Tj ET Q q 0 0 0 rg BT 511.47 341.00 Td (that ) Tj ET Q q 0 0 0 rg BT 525.37 341.00 Td (was ) Tj ET Q q 0 0 0 rg BT 539.71 341.00 Td (used ) Tj ET Q q 0 0 0 rg BT 556.28 341.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 331.40 Td (settle ) Tj ET Q q 0 0 0 rg BT 68.38 331.40 Td (the ) Tj ET Q q 0 0 0 rg BT 80.16 331.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 113.25 331.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 143.68 331.40 Td (and ) Tj ET Q q 0 0 0 rg BT 157.23 331.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 182.78 331.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 209.65 331.40 Td (when ) Tj ET Q q 0 0 0 rg BT 228.98 331.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.75 331.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 258.75 331.40 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 298.52 331.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 319.19 331.40 Td (matured ) Tj ET Q q 0 0 0 rg BT 347.40 331.40 Td (in ) Tj ET Q q 0 0 0 rg BT 355.62 331.40 Td (March ) Tj ET Q q 0 0 0 rg BT 378.50 331.40 Td (2013.) 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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (64) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 711.60 Td (9. ) Tj ET Q q 0 0 0 rg BT 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q 0 0 0 rg BT 314.25 696.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 361.11 696.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.11 696.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 670.50 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 670.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 670.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 670.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 640.50 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 640.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 640.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 640.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 610.50 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.00 610.50 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 610.50 4.00 -15.00 re f /GS0 gs 0.8 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rg BT 400.00 674.73 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.00 674.73 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 659.75 Td (Land and buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 659.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 659.75 Td (174,146) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 659.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 659.75 Td (164,395) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 644.75 Td (Machinery, fixtures and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.80 644.75 Td (214,069) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 644.75 Td (215,776) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 629.75 Td (Other equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 629.75 Td (43,312) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 629.75 Td (38,091) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 614.75 Td (Software licenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 614.75 Td (60,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 614.75 Td (49,466) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 599.75 Td (Construction in progress) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 599.75 Td (11,837) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 599.75 Td (14,954) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 584.73 Td (Total cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.80 584.73 Td (503,787) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 584.73 Td (482,682) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 569.75 Td (Less:Accumulated depreciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.10 569.75 Td (\(305,192) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 569.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 569.75 Td (\(275,976) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 569.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 554.73 Td (Total net book value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 554.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.80 554.73 Td (198,595) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 554.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 554.73 Td (206,706) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 524.73 Td (Assets held under capital leases \(included in the above\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.50 524.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 524.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 509.75 Td (Land and buildings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 509.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 509.75 Td (4,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 509.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 509.75 Td (6,042) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 494.75 Td (Machinery, fixtures and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 494.75 Td (4,832) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 494.75 Td (3,792) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 479.73 Td (Total cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 479.75 Td (9,610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 479.75 Td (9,834) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 464.75 Td (Less:Accumulated depreciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.10 464.75 Td (\(3,817) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.80 464.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 464.75 Td (\(3,077) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 464.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 449.73 Td (Net book value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 449.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.80 449.73 Td (5,793) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 449.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.80 449.73 Td (6,757) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 430.40 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 430.40 Td (movement ) Tj ET Q q 0 0 0 rg BT 99.71 430.40 Td (in ) Tj ET Q q 0 0 0 rg BT 107.93 430.40 Td (the ) Tj ET Q q 0 0 0 rg BT 119.70 430.40 Td (net ) Tj ET Q q 0 0 0 rg BT 131.48 430.40 Td (book ) Tj ET Q q 0 0 0 rg BT 149.48 430.40 Td (value ) Tj ET Q q 0 0 0 rg BT 168.80 430.40 Td (of ) Tj ET Q q 0 0 0 rg BT 177.46 430.40 Td (property) Tj ET Q q 0 0 0 rg BT 204.05 430.40 Td (, ) Tj ET Q q 0 0 0 rg BT 208.05 430.40 Td (plant ) Tj ET Q q 0 0 0 rg BT 226.04 430.40 Td (and ) Tj ET Q q 0 0 0 rg BT 239.59 430.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 275.36 430.40 Td (during ) Tj ET Q q 0 0 0 rg BT 298.25 430.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.02 430.40 Td (years ) Tj ET Q q 0 0 0 rg BT 328.90 430.40 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.00 430.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.87 430.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.87 430.40 Td ( ) Tj ET Q q 0 0 0 rg BT 414.87 430.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.42 430.40 Td (2012) Tj ET Q BT /F2 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329.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 329.90 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 299.90 328.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 299.90 90.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 299.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 299.90 90.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 404.9 m 467.5 404.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 404.9 m 471.5 404.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 404.9 m 561.5 404.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 389.9 m 467.5 389.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 389.9 m 561.5 389.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 389.9 m 467.5 389.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 389.9 m 561.5 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 284.9 m 467.5 284.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 270.9 m 467.5 270.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 268.9 m 467.5 268.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 284.9 m 561.5 284.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 270.9 m 561.5 270.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 268.9 m 561.5 268.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.75 409.13 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 394.13 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.00 394.13 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.00 394.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 379.13 Td (Opening balance) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.00 379.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.30 379.13 Td (206,706) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.00 379.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 379.13 Td (217,367) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 364.15 Td (Cash additions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 364.15 Td (30,449) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 364.15 Td (32,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 349.15 Td (Disposals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.60 349.15 Td (\(205) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 349.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.60 349.15 Td (\(25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 349.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 334.15 Td (Impairment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 334.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 334.15 Td (\(8,712) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 334.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 319.15 Td (Depreciation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 319.15 Td (\(40,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 319.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 319.15 Td (\(44,498) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 319.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 304.15 Td (Foreign currency movements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 304.15 Td (2,657) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 304.15 Td (3,277) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 289.15 Td (Other movements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.60 289.15 Td (\(241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 289.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 289.15 Td (6,565) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 274.13 Td (Ending balance) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.00 274.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.30 274.13 Td (198,595) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.00 274.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 274.13 Td (206,706) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg 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ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.23 254.80 Td (, ) Tj ET Q q 0 0 0 rg BT 376.23 254.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.46 254.80 Td (44.5 ) Tj ET Q q 0 0 0 rg BT 408.46 254.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.57 254.80 Td ( ) Tj ET Q q 0 0 0 rg BT 433.57 254.80 Td (and ) Tj ET Q q 0 0 0 rg BT 447.13 254.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.35 254.80 Td (56.6 ) Tj ET Q q 0 0 0 rg BT 479.35 254.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.46 254.80 Td (, ) Tj ET Q q 0 0 0 rg BT 506.46 254.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 544.59 254.80 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 314.53 Td (other) Tj ET Q q 0 0 0 rg BT 90.13 314.53 Td ( ) Tj ET Q q 0 0 0 rg BT 92.06 314.53 Td (curr) Tj ET Q q 0 0 0 rg BT 107.09 314.53 Td (ent ) Tj ET Q q 0 0 0 rg BT 119.68 314.53 Td (liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 314.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 314.53 Td (17,181) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 314.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 314.53 Td (13,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 284.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.00 284.53 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.00 284.53 Td (December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 269.53 Td (Non-curr) Tj ET Q q 0 0 0 rg BT 84.42 269.53 Td (ent:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.50 269.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 269.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 254.55 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 82.92 254.55 Td (tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.50 254.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.80 254.55 Td (31,416) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 254.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 254.55 Td (52,068) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 239.55 Td (Related ) Tj ET Q q 0 0 0 rg BT 78.93 239.55 Td (party ) Tj ET Q q 0 0 0 rg BT 97.37 239.55 Td (programming ) Tj ET Q q 0 0 0 rg BT 142.92 239.55 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.80 239.55 Td (386) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 239.55 Td (761) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 224.55 Td (Programming ) Tj ET Q q 0 0 0 rg BT 98.50 224.55 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.80 224.55 Td (1,962) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 224.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 209.55 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.80 209.55 Td (183) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 209.55 Td (382) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 194.53 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 194.53 Td (otal ) Tj ET Q q 0 0 0 rg BT 71.99 194.53 Td (other) Tj ET Q q 0 0 0 rg BT 90.06 194.53 Td ( ) Tj ET Q q 0 0 0 rg BT 92.06 194.53 Td (non-curr) Tj ET Q q 0 0 0 rg BT 122.58 194.53 Td (ent ) Tj ET Q q 0 0 0 rg BT 135.24 194.53 Td (liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.50 194.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.80 194.53 Td (33,947) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.50 194.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 194.53 Td (53,211) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (66) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 711.60 Td (12. ) Tj ET Q q 0 0 0 rg BT 67.50 711.60 Td (CONVER) Tj ET Q q 0 0 0 rg BT 101.89 711.60 Td (TIBLE ) Tj ET Q q 0 0 0 rg BT 128.34 711.60 Td (REDEEMABLE ) Tj ET Q q 0 0 0 rg BT 187.24 711.60 Td (PREFERRED ) Tj ET Q q 0 0 0 rg BT 238.13 711.60 Td (SHARES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 696.00 Td (On ) Tj ET Q q 0 0 0 rg BT 61.86 696.00 Td (June ) Tj ET Q q 0 0 0 rg BT 79.11 696.00 Td (25, ) Tj ET Q q 0 0 0 rg BT 91.69 696.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 112.27 696.00 Td (we ) Tj ET Q q 0 0 0 rg BT 124.18 696.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.76 696.00 Td (and ) Tj ET Q q 0 0 0 rg BT 160.89 696.00 Td (sold ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.81 696.00 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.81 696.00 Td ( ) Tj ET Q q 0 0 0 rg BT 205.39 696.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 227.97 696.00 Td (of ) Tj ET Q q 0 0 0 rg BT 237.21 696.00 Td (our ) Tj ET Q q 0 0 0 rg BT 250.46 696.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 272.59 696.00 Td (B ) Tj ET Q q 0 0 0 rg BT 280.51 696.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 320.86 696.00 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 362.98 696.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 395.32 696.00 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 418.13 696.00 Td (par ) Tj ET Q q 0 0 0 rg BT 430.92 696.00 Td (value ) Tj ET Q q 0 0 0 rg BT 450.83 696.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.64 696.00 Td (0.08) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.64 696.00 Td ( ) Tj ET Q q 0 0 0 rg BT 484.22 696.00 Td (per ) Tj ET Q q 0 0 0 rg BT 497.02 696.00 Td (share ) Tj ET Q q 0 0 0 rg BT 516.48 696.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 531.50 696.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.18 696.00 Td (B ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 81.28 686.40 Td (Shares\), ) Tj ET Q q 0 0 0 rg BT 112.84 686.40 Td (a ) Tj ET Q q 0 0 0 rg BT 118.40 686.40 Td (newly ) Tj ET Q q 0 0 0 rg BT 139.97 686.40 Td (designated ) Tj ET Q q 0 0 0 rg BT 176.20 686.40 Td (series ) Tj ET Q q 0 0 0 rg BT 196.43 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 205.12 686.40 Td (our ) Tj ET Q q 0 0 0 rg BT 217.80 686.40 Td (preferred ) Tj ET Q q 0 0 0 rg BT 249.12 686.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 270.03 686.40 Td (to ) Tj ET Q q 0 0 0 rg BT 278.12 686.40 Td (T) Tj ET Q q 0 0 0 rg BT 282.73 686.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 296.59 686.40 Td (W) Tj ET Q q 0 0 0 rg BT 303.50 686.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 321.95 686.40 Td (Media ) Tj ET Q q 0 0 0 rg BT 344.41 686.40 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 375.76 686.40 Td (B.V) Tj ET Q q 0 0 0 rg BT 387.84 686.40 Td (. ) Tj ET Q q 0 0 0 rg BT 391.86 686.40 Td (\("TW) Tj ET Q q 0 0 0 rg BT 410.08 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 412.10 686.40 Td (Investor"\), ) Tj ET Q q 0 0 0 rg BT 448.26 686.40 Td (an ) Tj ET Q q 0 0 0 rg BT 457.83 686.40 Td (af) Tj ET Q q 0 0 0 rg BT 463.90 686.40 Td (filiate ) Tj ET Q q 0 0 0 rg BT 484.58 686.40 Td (of ) Tj ET Q q 0 0 0 rg BT 493.11 686.40 Td (T) Tj ET Q q 0 0 0 rg BT 497.72 686.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 511.58 686.40 Td (W) Tj ET Q q 0 0 0 rg BT 518.49 686.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 536.94 686.40 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 553.17 686.40 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (an ) Tj ET Q q 0 0 0 rg BT 59.05 676.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 92.14 676.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 122.57 676.80 Td (price ) Tj ET Q q 0 0 0 rg BT 140.56 676.80 Td (of ) Tj ET Q q 0 0 0 rg BT 149.22 676.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 165.45 676.80 Td (200.0 ) Tj ET Q q 0 0 0 rg BT 185.45 676.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.56 676.80 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 661.20 Td (The ) Tj ET Q q 0 0 0 rg BT 63.84 661.20 Td (initial ) Tj ET Q q 0 0 0 rg BT 84.41 661.20 Td (stated ) Tj ET Q q 0 0 0 rg BT 104.98 661.20 Td (value ) Tj ET Q q 0 0 0 rg BT 124.21 661.20 Td (of ) Tj ET Q q 0 0 0 rg BT 132.78 661.20 Td (the ) Tj ET Q q 0 0 0 rg BT 144.46 661.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 165.92 661.20 Td (B ) Tj ET Q q 0 0 0 rg BT 173.16 661.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 204.82 661.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 228.06 661.20 Td (of ) Tj ET Q q 0 0 0 rg BT 236.63 661.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.76 661.20 Td (1,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.76 661.20 Td ( ) Tj ET Q q 0 0 0 rg BT 272.67 661.20 Td (per ) Tj ET Q q 0 0 0 rg BT 284.79 661.20 Td (share ) Tj ET Q q 0 0 0 rg BT 303.57 661.20 Td (will ) Tj ET Q q 0 0 0 rg BT 317.93 661.20 Td (accrete ) Tj ET Q q 0 0 0 rg BT 342.47 661.20 Td (at ) Tj ET Q q 0 0 0 rg BT 350.15 661.20 Td (an ) Tj ET Q q 0 0 0 rg BT 359.61 661.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 382.84 661.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 396.73 661.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 661.20 Td (7.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.97 661.20 Td (, ) Tj ET Q q 0 0 0 rg BT 425.88 661.20 Td (compounded ) Tj ET Q q 0 0 0 rg BT 469.11 661.20 Td (quarterly) Tj ET Q q 0 0 0 rg BT 497.46 661.20 Td (, ) Tj ET Q q 0 0 0 rg BT 501.37 661.20 Td (from ) Tj ET Q q 0 0 0 rg BT 518.82 661.20 Td (and ) Tj ET Q q 0 0 0 rg BT 532.28 661.20 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.28 651.60 Td (date ) Tj ET Q q 0 0 0 rg BT 76.61 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 85.28 651.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 114.38 651.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.61 651.60 Td (but ) Tj ET Q q 0 0 0 rg BT 134.84 651.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 168.39 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.17 651.60 Td (third ) Tj ET Q q 0 0 0 rg BT 197.28 651.60 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 236.60 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.27 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.05 651.60 Td (date ) Tj ET Q q 0 0 0 rg BT 272.38 651.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.05 651.60 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 312.16 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 325.71 651.60 Td (at ) Tj ET Q q 0 0 0 rg BT 333.49 651.60 Td (an ) Tj ET Q q 0 0 0 rg BT 343.04 651.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 366.37 651.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 380.37 651.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.04 651.60 Td (3.75%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.70 651.60 Td (, ) Tj ET Q q 0 0 0 rg BT 413.71 651.60 Td (compounded ) Tj ET Q q 0 0 0 rg BT 457.03 651.60 Td (quarterly) Tj ET Q q 0 0 0 rg BT 485.39 651.60 Td (, ) Tj ET Q q 0 0 0 rg BT 489.39 651.60 Td (from ) Tj ET Q q 0 0 0 rg BT 506.95 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 520.51 651.60 Td (including ) Tj ET Q q 0 0 0 rg BT 552.73 651.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 642.00 Td (third ) Tj ET Q q 0 0 0 rg BT 66.62 642.00 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 105.94 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 114.61 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 126.39 642.00 Td (date ) Tj ET Q q 0 0 0 rg BT 141.72 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.39 642.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 179.50 642.00 Td (to ) Tj ET Q q 0 0 0 rg BT 187.73 642.00 Td (but ) Tj ET Q q 0 0 0 rg BT 199.96 642.00 Td (excluding ) Tj ET Q q 0 0 0 rg BT 233.51 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 245.29 642.00 Td (fifth ) Tj ET Q q 0 0 0 rg BT 261.07 642.00 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 300.40 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 309.07 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 320.85 642.00 Td (date ) Tj ET Q q 0 0 0 rg BT 336.18 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.85 642.00 Td (issuance.) Tj ET Q q 0 0 0 rg BT 375.81 642.00 Td (W) Tj ET Q q 0 0 0 rg BT 382.72 642.00 Td (e ) Tj ET Q q 0 0 0 rg BT 388.28 642.00 Td (have ) Tj ET Q q 0 0 0 rg BT 405.38 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.16 642.00 Td (right ) Tj ET Q q 0 0 0 rg BT 434.28 642.00 Td (from ) Tj ET Q q 0 0 0 rg BT 451.84 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 463.62 642.00 Td (third ) Tj ET Q q 0 0 0 rg BT 480.73 642.00 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 520.06 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 528.73 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 540.51 642.00 Td (date ) Tj ET Q q 0 0 0 rg BT 555.84 642.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 632.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 78.83 632.40 Td (to ) Tj ET Q q 0 0 0 rg BT 87.28 632.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 101.06 632.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.50 632.40 Td (to ) Tj ET Q q 0 0 0 rg BT 125.95 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 137.95 632.40 Td (holder ) Tj ET Q q 0 0 0 rg BT 160.62 632.40 Td (in ) Tj ET Q q 0 0 0 rg BT 169.07 632.40 Td (lieu ) Tj ET Q q 0 0 0 rg BT 183.29 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 192.18 632.40 Td (any ) Tj ET Q q 0 0 0 rg BT 205.96 632.40 Td (further ) Tj ET Q q 0 0 0 rg BT 229.95 632.40 Td (accretion. ) Tj ET Q q 0 0 0 rg BT 263.49 632.40 Td (From ) Tj ET Q q 0 0 0 rg BT 283.06 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.06 632.40 Td (third ) Tj ET Q q 0 0 0 rg BT 312.39 632.40 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 351.94 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 360.83 632.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.83 632.40 Td (date ) Tj ET Q q 0 0 0 rg BT 388.38 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 397.27 632.40 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 428.60 632.40 Td (each ) Tj ET Q q 0 0 0 rg BT 445.48 632.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 467.26 632.40 Td (B ) Tj ET Q q 0 0 0 rg BT 474.83 632.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 506.81 632.40 Td (Share ) Tj ET Q q 0 0 0 rg BT 527.25 632.40 Td (may) Tj ET Q q 0 0 0 rg BT 540.51 632.40 Td (, ) Tj ET Q q 0 0 0 rg BT 544.73 632.40 Td (at ) Tj ET Q q 0 0 0 rg BT 552.74 632.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 622.80 Td (holder's ) Tj ET Q q 0 0 0 rg BT 76.33 622.80 Td (option, ) Tj ET Q q 0 0 0 rg BT 100.62 622.80 Td (be ) Tj ET Q q 0 0 0 rg BT 110.01 622.80 Td (converted ) Tj ET Q q 0 0 0 rg BT 143.39 622.80 Td (into ) Tj ET Q q 0 0 0 rg BT 157.68 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 169.30 622.80 Td (number ) Tj ET Q q 0 0 0 rg BT 195.58 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 204.08 622.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 225.92 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.42 622.80 Td (our ) Tj ET Q q 0 0 0 rg BT 246.93 622.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 265.70 622.80 Td (A) Tj ET Q q 0 0 0 rg BT 271.04 622.80 Td ( ) Tj ET Q q 0 0 0 rg BT 272.88 622.80 Td (common ) Tj ET Q q 0 0 0 rg BT 302.71 622.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 321.44 622.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 359.27 622.80 Td (by ) Tj ET Q q 0 0 0 rg BT 369.11 622.80 Td (dividing ) Tj ET Q q 0 0 0 rg BT 397.62 622.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 407.01 622.80 Td (the ) Tj ET Q q 0 0 0 rg BT 418.63 622.80 Td (accreted ) Tj ET Q q 0 0 0 rg BT 447.11 622.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 467.61 622.80 Td (value ) Tj ET Q q 0 0 0 rg BT 486.78 622.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 501.96 622.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 528.67 622.80 Td (but ) Tj ET Q q 0 0 0 rg BT 540.73 622.80 Td (unpaid ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 613.20 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 84.77 613.20 Td (if ) Tj ET Q q 0 0 0 rg BT 91.83 613.20 Td (any) Tj ET Q q 0 0 0 rg BT 102.86 613.20 Td (, ) Tj ET Q q 0 0 0 rg BT 107.02 613.20 Td (in ) Tj ET Q q 0 0 0 rg BT 115.41 613.20 Td (each ) Tj ET Q q 0 0 0 rg BT 132.23 613.20 Td (case ) Tj ET Q q 0 0 0 rg BT 148.16 613.20 Td (as ) Tj ET Q q 0 0 0 rg BT 156.99 613.20 Td (of ) Tj ET Q q 0 0 0 rg BT 165.82 613.20 Td (the ) Tj ET Q q 0 0 0 rg BT 177.75 613.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 215.02 613.20 Td (date, ) Tj ET Q q 0 0 0 rg BT 232.51 613.20 Td (by ) Tj ET Q q 0 0 0 rg BT 242.68 613.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 254.61 613.20 Td (the ) Tj ET Q q 0 0 0 rg BT 266.55 613.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 303.82 613.20 Td (price, ) Tj ET Q q 0 0 0 rg BT 323.97 613.20 Td (which ) Tj ET Q q 0 0 0 rg BT 345.69 613.20 Td (was ) Tj ET Q q 0 0 0 rg BT 360.29 613.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.69 613.20 Td (3.1625) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.69 613.20 Td ( ) Tj ET Q q 0 0 0 rg BT 400.85 613.20 Td (at ) Tj ET Q q 0 0 0 rg BT 408.79 613.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.73 613.20 Td (date ) Tj ET Q q 0 0 0 rg BT 436.22 613.20 Td (of ) Tj ET Q q 0 0 0 rg BT 445.05 613.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 474.31 613.20 Td (but ) Tj ET Q q 0 0 0 rg BT 486.70 613.20 Td (is ) Tj ET Q q 0 0 0 rg BT 494.20 613.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.03 613.20 Td (to ) Tj ET Q q 0 0 0 rg BT 527.42 613.20 Td (adjustment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 603.60 Td (from ) Tj ET Q q 0 0 0 rg BT 67.34 603.60 Td (time ) Tj ET Q q 0 0 0 rg BT 83.86 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.37 603.60 Td (time ) Tj ET Q q 0 0 0 rg BT 108.89 603.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 138.73 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.25 603.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 182.87 603.60 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 242.02 603.60 Td (anti-dilution ) Tj ET Q q 0 0 0 rg BT 283.86 603.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 319.49 603.60 Td (with ) Tj ET Q q 0 0 0 rg BT 336.01 603.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 360.95 603.60 Td (to ) Tj ET Q q 0 0 0 rg BT 369.47 603.60 Td (our ) Tj ET Q q 0 0 0 rg BT 382.43 603.60 Td (issuances ) Tj ET Q q 0 0 0 rg BT 414.94 603.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.89 603.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 446.18 603.60 Td (or ) Tj ET Q q 0 0 0 rg BT 455.14 603.60 Td (equity-linked ) Tj ET Q q 0 0 0 rg BT 500.09 603.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 532.60 603.60 Td (at ) Tj ET Q q 0 0 0 rg BT 540.67 603.60 Td (a ) Tj ET Q q 0 0 0 rg BT 546.51 603.60 Td (price ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 594.00 Td (below ) Tj ET Q q 0 0 0 rg BT 71.24 594.00 Td (the ) Tj ET Q q 0 0 0 rg BT 83.20 594.00 Td (then-applicable ) Tj ET Q q 0 0 0 rg BT 134.69 594.00 Td (conversion ) Tj ET Q q 0 0 0 rg BT 171.98 594.00 Td (price ) Tj ET Q q 0 0 0 rg BT 190.15 594.00 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 226.55 594.00 Td (any ) Tj ET Q q 0 0 0 rg BT 240.28 594.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 272.68 594.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 294.87 594.00 Td (under ) Tj ET Q q 0 0 0 rg BT 315.27 594.00 Td (our ) Tj ET Q q 0 0 0 rg BT 328.12 594.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 352.51 594.00 Td (plans ) Tj ET Q q 0 0 0 rg BT 371.58 594.00 Td (at ) Tj ET Q q 0 0 0 rg BT 379.54 594.00 Td (or ) Tj ET Q q 0 0 0 rg BT 388.39 594.00 Td (above ) Tj ET Q q 0 0 0 rg BT 409.68 594.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 422.97 594.00 Td (market ) Tj ET Q q 0 0 0 rg BT 447.36 594.00 Td (value\). ) Tj ET Q q 0 0 0 rg BT 471.38 594.00 Td (W) Tj ET Q q 0 0 0 rg BT 478.29 594.00 Td (e ) Tj ET Q q 0 0 0 rg BT 484.03 594.00 Td (have ) Tj ET Q q 0 0 0 rg BT 501.31 594.00 Td (the ) Tj ET Q q 0 0 0 rg BT 513.27 594.00 Td (right ) Tj ET Q q 0 0 0 rg BT 530.57 594.00 Td (to ) Tj ET Q q 0 0 0 rg BT 538.98 594.00 Td (redeem ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 584.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.51 584.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 83.29 584.40 Td (B ) Tj ET Q q 0 0 0 rg BT 90.86 584.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 122.86 584.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 146.42 584.40 Td (in ) Tj ET Q q 0 0 0 rg BT 154.88 584.40 Td (whole ) Tj ET Q q 0 0 0 rg BT 176.66 584.40 Td (or ) Tj ET Q q 0 0 0 rg BT 185.56 584.40 Td (in ) Tj ET Q q 0 0 0 rg BT 194.02 584.40 Td (part ) Tj ET Q q 0 0 0 rg BT 208.69 584.40 Td (from ) Tj ET Q q 0 0 0 rg BT 226.47 584.40 Td (the ) Tj ET Q q 0 0 0 rg BT 238.48 584.40 Td (third ) Tj ET Q q 0 0 0 rg BT 255.82 584.40 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 295.38 584.40 Td (of ) Tj ET Q q 0 0 0 rg BT 304.27 584.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.28 584.40 Td (date ) Tj ET Q q 0 0 0 rg BT 331.84 584.40 Td (of ) Tj ET Q q 0 0 0 rg BT 340.74 584.40 Td (issuance, ) Tj ET Q q 0 0 0 rg BT 372.07 584.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 390.31 584.40 Td (30 ) Tj ET Q q 0 0 0 rg BT 400.54 584.40 Td (days' ) Tj ET Q q 0 0 0 rg BT 418.88 584.40 Td (written ) Tj ET Q q 0 0 0 rg BT 443.78 584.40 Td (notice. ) Tj ET Q q 0 0 0 rg BT 467.40 584.40 Td (The ) Tj ET Q q 0 0 0 rg BT 482.07 584.40 Td (redemption ) Tj ET Q q 0 0 0 rg BT 520.74 584.40 Td (price ) Tj ET Q q 0 0 0 rg BT 538.96 584.40 Td (of ) Tj ET Q q 0 0 0 rg BT 547.86 584.40 Td (each ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 574.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 88.54 574.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 109.80 574.80 Td (B ) Tj ET Q q 0 0 0 rg BT 116.85 574.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 148.31 574.80 Td (Share ) Tj ET Q q 0 0 0 rg BT 168.24 574.80 Td (is ) Tj ET Q q 0 0 0 rg BT 175.28 574.80 Td (equal ) Tj ET Q q 0 0 0 rg BT 194.31 574.80 Td (to ) Tj ET Q q 0 0 0 rg BT 202.25 574.80 Td (its ) Tj ET Q q 0 0 0 rg BT 211.51 574.80 Td (accreted ) Tj ET Q q 0 0 0 rg BT 239.86 574.80 Td (stated ) Tj ET Q q 0 0 0 rg BT 260.23 574.80 Td (value ) Tj ET Q q 0 0 0 rg BT 279.27 574.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 294.31 574.80 Td (accrued ) Tj ET Q q 0 0 0 rg BT 320.89 574.80 Td (but ) Tj ET Q q 0 0 0 rg BT 332.82 574.80 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 356.30 574.80 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 391.12 574.80 Td (if ) Tj ET Q q 0 0 0 rg BT 397.71 574.80 Td (any) Tj ET Q q 0 0 0 rg BT 408.75 574.80 Td (, ) Tj ET Q q 0 0 0 rg BT 412.46 574.80 Td (in ) Tj ET Q q 0 0 0 rg BT 420.39 574.80 Td (each ) Tj ET Q q 0 0 0 rg BT 436.75 574.80 Td (case ) Tj ET Q q 0 0 0 rg BT 452.22 574.80 Td (as ) Tj ET Q q 0 0 0 rg BT 460.60 574.80 Td (of ) Tj ET Q q 0 0 0 rg BT 468.97 574.80 Td (the ) Tj ET Q q 0 0 0 rg BT 480.45 574.80 Td (redemption ) Tj ET Q q 0 0 0 rg BT 518.59 574.80 Td (date ) Tj ET Q q 0 0 0 rg BT 533.63 574.80 Td (specified ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 565.20 Td (in ) Tj ET Q q 0 0 0 rg BT 57.16 565.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.37 565.20 Td (redemption ) Tj ET Q q 0 0 0 rg BT 106.23 565.20 Td (notice. ) Tj ET Q q 0 0 0 rg BT 128.90 565.20 Td (After ) Tj ET Q q 0 0 0 rg BT 147.21 565.20 Td (receipt ) Tj ET Q q 0 0 0 rg BT 170.41 565.20 Td (of ) Tj ET Q q 0 0 0 rg BT 178.51 565.20 Td (a ) Tj ET Q q 0 0 0 rg BT 183.49 565.20 Td (redemption ) Tj ET Q q 0 0 0 rg BT 221.36 565.20 Td (notice, ) Tj ET Q q 0 0 0 rg BT 244.34 565.20 Td (each ) Tj ET Q q 0 0 0 rg BT 260.43 565.20 Td (holder ) Tj ET Q q 0 0 0 rg BT 282.30 565.20 Td (of ) Tj ET Q q 0 0 0 rg BT 290.40 565.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 311.38 565.20 Td (B ) Tj ET Q q 0 0 0 rg BT 318.16 565.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 349.35 565.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 372.11 565.20 Td (will ) Tj ET Q q 0 0 0 rg BT 385.99 565.20 Td (have ) Tj ET Q q 0 0 0 rg BT 402.53 565.20 Td (the ) Tj ET Q q 0 0 0 rg BT 413.73 565.20 Td (right ) Tj ET Q q 0 0 0 rg BT 430.28 565.20 Td (to ) Tj ET Q q 0 0 0 rg BT 437.94 565.20 Td (convert, ) Tj ET Q q 0 0 0 rg BT 465.36 565.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 482.34 565.20 Td (to ) Tj ET Q q 0 0 0 rg BT 490.00 565.20 Td (the ) Tj ET Q q 0 0 0 rg BT 501.21 565.20 Td (date ) Tj ET Q q 0 0 0 rg BT 515.97 565.20 Td (of ) Tj ET Q q 0 0 0 rg BT 524.07 565.20 Td (redemption, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 555.60 Td (all ) Tj ET Q q 0 0 0 rg BT 59.41 555.60 Td (or ) Tj ET Q q 0 0 0 rg BT 67.98 555.60 Td (part ) Tj ET Q q 0 0 0 rg BT 82.33 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 90.90 555.60 Td (such ) Tj ET Q q 0 0 0 rg BT 107.47 555.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 128.93 555.60 Td (B ) Tj ET Q q 0 0 0 rg BT 136.18 555.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 167.84 555.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 191.08 555.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.21 555.60 Td (be ) Tj ET Q q 0 0 0 rg BT 208.67 555.60 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 241.67 555.60 Td (by ) Tj ET Q q 0 0 0 rg BT 251.58 555.60 Td (us ) Tj ET Q q 0 0 0 rg BT 260.60 555.60 Td (into ) Tj ET Q q 0 0 0 rg BT 274.96 555.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 296.86 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 305.43 555.60 Td (our ) Tj ET Q q 0 0 0 rg BT 318.01 555.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 336.83 555.60 Td (A) Tj ET Q q 0 0 0 rg BT 342.17 555.60 Td ( ) Tj ET Q q 0 0 0 rg BT 344.07 555.60 Td (common ) Tj ET Q q 0 0 0 rg BT 373.98 555.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 392.78 555.60 Td (in ) Tj ET Q q 0 0 0 rg BT 400.91 555.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 438.79 555.60 Td (with ) Tj ET Q q 0 0 0 rg BT 454.92 555.60 Td (the ) Tj ET Q q 0 0 0 rg BT 466.60 555.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 486.28 555.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.86 555.60 Td (conversion ) Tj ET Q q 0 0 0 rg BT 531.87 555.60 Td (described ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 546.00 Td (above. ) Tj ET Q q 0 0 0 rg BT 72.50 546.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 99.73 546.00 Td (of ) Tj ET Q q 0 0 0 rg BT 108.29 546.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.96 546.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 141.41 546.00 Td (B ) Tj ET Q q 0 0 0 rg BT 148.64 546.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 180.30 546.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 203.53 546.00 Td (will ) Tj ET Q q 0 0 0 rg BT 217.87 546.00 Td (have ) Tj ET Q q 0 0 0 rg BT 234.87 546.00 Td (no ) Tj ET Q q 0 0 0 rg BT 244.77 546.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 267.11 546.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 287.23 546.00 Td (on ) Tj ET Q q 0 0 0 rg BT 297.13 546.00 Td (any ) Tj ET Q q 0 0 0 rg BT 310.58 546.00 Td (matter ) Tj ET Q q 0 0 0 rg BT 332.91 546.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 365.46 546.00 Td (to ) Tj ET Q q 0 0 0 rg BT 373.59 546.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 399.04 546.00 Td (of ) Tj ET Q q 0 0 0 rg BT 407.60 546.00 Td (any ) Tj ET Q q 0 0 0 rg BT 421.05 546.00 Td (class ) Tj ET Q q 0 0 0 rg BT 438.50 546.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.06 546.00 Td (our ) Tj ET Q q 0 0 0 rg BT 459.62 546.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 482.84 546.00 Td (stock, ) Tj ET Q q 0 0 0 rg BT 503.63 546.00 Td (with ) Tj ET Q q 0 0 0 rg BT 519.75 546.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.42 546.00 Td (exception ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 536.40 Td (that ) Tj ET Q q 0 0 0 rg BT 63.02 536.40 Td (they ) Tj ET Q q 0 0 0 rg BT 78.32 536.40 Td (may ) Tj ET Q q 0 0 0 rg BT 93.62 536.40 Td (vote ) Tj ET Q q 0 0 0 rg BT 108.91 536.40 Td (with ) Tj ET Q q 0 0 0 rg BT 124.66 536.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 149.74 536.40 Td (of ) Tj ET Q q 0 0 0 rg BT 157.92 536.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 179.44 536.40 Td (of ) Tj ET Q q 0 0 0 rg BT 187.63 536.40 Td (our ) Tj ET Q q 0 0 0 rg BT 199.82 536.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 218.34 536.40 Td (A) Tj ET Q q 0 0 0 rg BT 223.68 536.40 Td ( ) Tj ET Q q 0 0 0 rg BT 225.20 536.40 Td (common ) Tj ET Q q 0 0 0 rg BT 254.72 536.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 273.13 536.40 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 282.21 536.40 Td (with ) Tj ET Q q 0 0 0 rg BT 297.96 536.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 322.13 536.40 Td (to ) Tj ET Q q 0 0 0 rg BT 329.88 536.40 Td (a ) Tj ET Q q 0 0 0 rg BT 334.96 536.40 Td (change ) Tj ET Q q 0 0 0 rg BT 359.13 536.40 Td (of ) Tj ET Q q 0 0 0 rg BT 367.32 536.40 Td (control ) Tj ET Q q 0 0 0 rg BT 391.51 536.40 Td (event ) Tj ET Q q 0 0 0 rg BT 410.35 536.40 Td (or ) Tj ET Q q 0 0 0 rg BT 418.54 536.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 429.84 536.40 Td (as ) Tj ET Q q 0 0 0 rg BT 438.03 536.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 467.99 536.40 Td (by ) Tj ET Q q 0 0 0 rg BT 477.52 536.40 Td (our ) Tj ET Q q 0 0 0 rg BT 489.70 536.40 Td (Bye-laws ) Tj ET Q q 0 0 0 rg BT 521.44 536.40 Td (or ) Tj ET Q q 0 0 0 rg BT 529.63 536.40 Td (applicable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 526.80 Td (Bermuda ) Tj ET Q q 0 0 0 rg BT 80.65 526.80 Td (law) Tj ET Q q 0 0 0 rg BT 91.68 526.80 Td (. ) Tj ET Q q 0 0 0 rg BT 95.51 526.80 Td (Holders ) Tj ET Q q 0 0 0 rg BT 122.67 526.80 Td (of ) Tj ET Q q 0 0 0 rg BT 131.16 526.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 152.54 526.80 Td (B ) Tj ET Q q 0 0 0 rg BT 159.70 526.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 191.29 526.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 214.45 526.80 Td (will ) Tj ET Q q 0 0 0 rg BT 228.72 526.80 Td (participate ) Tj ET Q q 0 0 0 rg BT 264.30 526.80 Td (in ) Tj ET Q q 0 0 0 rg BT 272.36 526.80 Td (any ) Tj ET Q q 0 0 0 rg BT 285.73 526.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 318.67 526.80 Td (declared ) Tj ET Q q 0 0 0 rg BT 347.59 526.80 Td (or ) Tj ET Q q 0 0 0 rg BT 356.08 526.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 371.68 526.80 Td (on ) Tj ET Q q 0 0 0 rg BT 381.51 526.80 Td (our ) Tj ET Q q 0 0 0 rg BT 394.00 526.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 412.76 526.80 Td (A) Tj ET Q q 0 0 0 rg BT 418.10 526.80 Td ( ) Tj ET Q q 0 0 0 rg BT 419.93 526.80 Td (common ) Tj ET Q q 0 0 0 rg BT 449.75 526.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 468.47 526.80 Td (on ) Tj ET Q q 0 0 0 rg BT 478.30 526.80 Td (an ) Tj ET Q q 0 0 0 rg BT 487.67 526.80 Td (as-converted ) Tj ET Q q 0 0 0 rg BT 530.37 526.80 Td (basis. ) Tj ET Q q 0 0 0 rg BT 550.07 526.80 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 517.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 70.90 517.20 Td (B ) Tj ET Q q 0 0 0 rg BT 78.09 517.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 109.70 517.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 132.88 517.20 Td (will ) Tj ET Q q 0 0 0 rg BT 147.18 517.20 Td (rank ) Tj ET Q q 0 0 0 rg BT 163.24 517.20 Td (pari ) Tj ET Q q 0 0 0 rg BT 177.53 517.20 Td (passu ) Tj ET Q q 0 0 0 rg BT 197.16 517.20 Td (with ) Tj ET Q q 0 0 0 rg BT 213.23 517.20 Td (our ) Tj ET Q q 0 0 0 rg BT 225.75 517.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 246.74 517.20 Td (A) Tj ET Q q 0 0 0 rg BT 252.08 517.20 Td ( ) Tj ET Q q 0 0 0 rg BT 253.93 517.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 293.55 517.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 325.16 517.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 345.24 517.20 Td (and ) Tj ET Q q 0 0 0 rg BT 358.64 517.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 380.04 517.20 Td (to ) Tj ET Q q 0 0 0 rg BT 388.11 517.20 Td (all ) Tj ET Q q 0 0 0 rg BT 397.96 517.20 Td (other ) Tj ET Q q 0 0 0 rg BT 416.25 517.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 438.10 517.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 470.16 517.20 Td (of ) Tj ET Q q 0 0 0 rg BT 478.68 517.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.30 517.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.26 517.20 Td (in ) Tj ET Q q 0 0 0 rg BT 531.34 517.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 555.84 517.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 507.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 78.96 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 87.55 507.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 120.57 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.04 507.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 172.85 507.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.43 507.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 202.02 507.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 219.93 507.60 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 258.38 507.60 Td (The ) Tj ET Q q 0 0 0 rg BT 272.73 507.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 294.20 507.60 Td (B ) Tj ET Q q 0 0 0 rg BT 301.46 507.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 333.13 507.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 356.38 507.60 Td (have ) Tj ET Q q 0 0 0 rg BT 373.40 507.60 Td (such ) Tj ET Q q 0 0 0 rg BT 389.98 507.60 Td (other ) Tj ET Q q 0 0 0 rg BT 408.33 507.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 430.47 507.60 Td (powers ) Tj ET Q q 0 0 0 rg BT 455.50 507.60 Td (and ) Tj ET Q q 0 0 0 rg BT 468.97 507.60 Td (preferences ) Tj ET Q q 0 0 0 rg BT 507.74 507.60 Td (as ) Tj ET Q q 0 0 0 rg BT 516.33 507.60 Td (are ) Tj ET Q q 0 0 0 rg BT 528.01 507.60 Td (set ) Tj ET Q q 0 0 0 rg BT 538.81 507.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 556.28 507.60 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 498.00 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 97.03 498.00 Td (of ) Tj ET Q q 0 0 0 rg BT 105.70 498.00 Td (Designation ) Tj ET Q q 0 0 0 rg BT 146.36 498.00 Td (for ) Tj ET Q q 0 0 0 rg BT 157.68 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.46 498.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 191.01 498.00 Td (B ) Tj ET Q q 0 0 0 rg BT 198.34 498.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 230.10 498.00 Td (Shares.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 482.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 482.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.17 482.40 Td (concluded ) Tj ET Q q 0 0 0 rg BT 97.25 482.40 Td (that ) Tj ET Q q 0 0 0 rg BT 111.45 482.40 Td (the ) Tj ET Q q 0 0 0 rg BT 123.43 482.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 145.19 482.40 Td (B ) Tj ET Q q 0 0 0 rg BT 152.73 482.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 184.69 482.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 208.23 482.40 Td (were ) Tj ET Q q 0 0 0 rg BT 225.98 482.40 Td (not ) Tj ET Q q 0 0 0 rg BT 238.40 482.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 275.26 482.40 Td (a ) Tj ET Q q 0 0 0 rg BT 281.02 482.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 308.11 482.40 Td (and ) Tj ET Q q 0 0 0 rg BT 321.87 482.40 Td (that ) Tj ET Q q 0 0 0 rg BT 336.07 482.40 Td (the ) Tj ET Q q 0 0 0 rg BT 348.05 482.40 Td (embedded ) Tj ET Q q 0 0 0 rg BT 383.13 482.40 Td (conversion ) Tj ET Q q 0 0 0 rg BT 420.44 482.40 Td (feature ) Tj ET Q q 0 0 0 rg BT 444.85 482.40 Td (in ) Tj ET Q q 0 0 0 rg BT 453.28 482.40 Td (the ) Tj ET Q q 0 0 0 rg BT 465.26 482.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 487.01 482.40 Td (B ) Tj ET Q q 0 0 0 rg BT 494.56 482.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 526.52 482.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 550.05 482.40 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 472.80 Td (clearly ) Tj ET Q q 0 0 0 rg BT 73.39 472.80 Td (and ) Tj ET Q q 0 0 0 rg BT 87.08 472.80 Td (closely ) Tj ET Q q 0 0 0 rg BT 111.87 472.80 Td (related ) Tj ET Q q 0 0 0 rg BT 135.77 472.80 Td (to ) Tj ET Q q 0 0 0 rg BT 144.12 472.80 Td (the ) Tj ET Q q 0 0 0 rg BT 156.03 472.80 Td (host ) Tj ET Q q 0 0 0 rg BT 171.50 472.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 199.39 472.80 Td (and ) Tj ET Q q 0 0 0 rg BT 213.07 472.80 Td (therefore ) Tj ET Q q 0 0 0 rg BT 244.07 472.80 Td (did ) Tj ET Q q 0 0 0 rg BT 256.43 472.80 Td (not ) Tj ET Q q 0 0 0 rg BT 268.79 472.80 Td (need ) Tj ET Q q 0 0 0 rg BT 286.02 472.80 Td (to ) Tj ET Q q 0 0 0 rg BT 294.38 472.80 Td (be ) Tj ET Q q 0 0 0 rg BT 304.06 472.80 Td (bifurcated. ) Tj ET Q q 0 0 0 rg BT 340.46 472.80 Td (The ) Tj ET Q q 0 0 0 rg BT 355.03 472.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 376.72 472.80 Td (B ) Tj ET Q q 0 0 0 rg BT 384.19 472.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 416.08 472.80 Td (Shares ) Tj ET Q q 0 0 0 rg BT 439.54 472.80 Td (are ) Tj ET Q q 0 0 0 rg BT 451.44 472.80 Td (required ) Tj ET Q q 0 0 0 rg BT 480.22 472.80 Td (to ) Tj ET Q q 0 0 0 rg BT 488.58 472.80 Td (be ) Tj ET Q q 0 0 0 rg BT 498.26 472.80 Td (classified ) Tj ET Q q 0 0 0 rg BT 530.60 472.80 Td (outside ) Tj ET Q q 0 0 0 rg BT 555.85 472.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 463.20 Td (permanent ) Tj ET Q q 0 0 0 rg BT 85.32 463.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 107.38 463.20 Td (because ) Tj ET Q q 0 0 0 rg BT 134.76 463.20 Td (such ) Tj ET Q q 0 0 0 rg BT 151.48 463.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.53 463.20 Td (can ) Tj ET Q q 0 0 0 rg BT 186.70 463.20 Td (be ) Tj ET Q q 0 0 0 rg BT 196.31 463.20 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 229.46 463.20 Td (for ) Tj ET Q q 0 0 0 rg BT 240.85 463.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.12 463.20 Td (in ) Tj ET Q q 0 0 0 rg BT 265.40 463.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.23 463.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 336.60 463.20 Td (that ) Tj ET Q q 0 0 0 rg BT 350.66 463.20 Td (are ) Tj ET Q q 0 0 0 rg BT 362.48 463.20 Td (beyond ) Tj ET Q q 0 0 0 rg BT 388.09 463.20 Td (our ) Tj ET Q q 0 0 0 rg BT 400.82 463.20 Td (control. ) Tj ET Q q 0 0 0 rg BT 427.39 463.20 Td (These ) Tj ET Q q 0 0 0 rg BT 448.55 463.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.60 463.20 Td (are ) Tj ET Q q 0 0 0 rg BT 482.43 463.20 Td (not ) Tj ET Q q 0 0 0 rg BT 494.71 463.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 525.65 463.20 Td (redeemable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 453.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.13 453.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 78.54 453.60 Td (have ) Tj ET Q q 0 0 0 rg BT 95.73 453.60 Td (been ) Tj ET Q q 0 0 0 rg BT 112.91 453.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 142.97 453.60 Td (on ) Tj ET Q q 0 0 0 rg BT 153.04 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.90 453.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 207.41 453.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 233.92 453.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 252.43 453.60 Td (based ) Tj ET Q q 0 0 0 rg BT 272.73 453.60 Td (on ) Tj ET Q q 0 0 0 rg BT 282.80 453.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 295.99 453.60 Td (value ) Tj ET Q q 0 0 0 rg BT 315.39 453.60 Td (at ) Tj ET Q q 0 0 0 rg BT 323.24 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.09 453.60 Td (time ) Tj ET Q q 0 0 0 rg BT 351.39 453.60 Td (of ) Tj ET Q q 0 0 0 rg BT 360.13 453.60 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 391.17 453.60 Td (W) Tj ET Q q 0 0 0 rg BT 398.08 453.60 Td (e ) Tj ET Q q 0 0 0 rg BT 403.71 453.60 Td (have ) Tj ET Q q 0 0 0 rg BT 420.89 453.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 458.95 453.60 Td (that ) Tj ET Q q 0 0 0 rg BT 473.02 453.60 Td (it ) Tj ET Q q 0 0 0 rg BT 479.55 453.60 Td (is ) Tj ET Q q 0 0 0 rg BT 486.96 453.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 517.03 453.60 Td (that ) Tj ET Q q 0 0 0 rg BT 531.11 453.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.96 453.60 Td (Series ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 444.00 Td (B ) Tj ET Q q 0 0 0 rg BT 56.96 444.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 88.83 444.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 112.28 444.00 Td (will ) Tj ET Q q 0 0 0 rg BT 126.85 444.00 Td (become ) Tj ET Q q 0 0 0 rg BT 153.84 444.00 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 192.83 444.00 Td (and ) Tj ET Q q 0 0 0 rg BT 206.50 444.00 Td (thus ) Tj ET Q q 0 0 0 rg BT 221.95 444.00 Td (have ) Tj ET Q q 0 0 0 rg BT 239.17 444.00 Td (accreted ) Tj ET Q q 0 0 0 rg BT 267.94 444.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 295.82 444.00 Td (in ) Tj ET Q q 0 0 0 rg BT 304.16 444.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.06 444.00 Td (redemption ) Tj ET Q q 0 0 0 rg BT 354.61 444.00 Td (value ) Tj ET Q q 0 0 0 rg BT 374.06 444.00 Td (since ) Tj ET Q q 0 0 0 rg BT 392.61 444.00 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 423.83 444.00 Td (For ) Tj ET Q q 0 0 0 rg BT 437.07 444.00 Td (the ) Tj ET Q q 0 0 0 rg BT 448.96 444.00 Td (year ) Tj ET Q q 0 0 0 rg BT 464.85 444.00 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.07 444.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 533.06 444.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.06 444.00 Td (, ) Tj ET Q q 0 0 0 rg BT 553.18 444.00 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 434.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 86.59 434.40 Td (accretion ) Tj ET Q q 0 0 0 rg BT 117.90 434.40 Td (on ) Tj ET Q q 0 0 0 rg BT 127.90 434.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.68 434.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 161.23 434.40 Td (B ) Tj ET Q q 0 0 0 rg BT 168.56 434.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 200.32 434.40 Td (Shares ) Tj ET Q q 0 0 0 rg BT 223.65 434.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.31 434.40 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.54 434.40 Td (7.9 ) Tj ET Q q 0 0 0 rg BT 260.54 434.40 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.65 434.40 Td (, ) Tj ET Q q 0 0 0 rg BT 287.65 434.40 Td (with ) Tj ET Q q 0 0 0 rg BT 303.88 434.40 Td (a ) Tj ET Q q 0 0 0 rg BT 309.43 434.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 357.19 434.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 386.72 434.40 Td (in ) Tj ET Q q 0 0 0 rg BT 394.95 434.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 428.94 434.40 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 453.60 434.40 Td (capital.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (13. ) Tj ET Q q 0 0 0 rg BT 67.50 400.80 Td (EQUITY) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 382.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 70.91 382.20 Td (A) Tj ET Q q 0 0 0 rg BT 75.65 382.20 Td ( ) Tj ET Q q 0 0 0 rg BT 77.65 382.20 Td (and ) Tj ET Q q 0 0 0 rg BT 91.65 382.20 Td (B ) Tj ET Q q 0 0 0 rg BT 98.54 382.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 106.24 382.20 Td (eferr) Tj ET Q q 0 0 0 rg BT 121.49 382.20 Td (ed ) Tj ET Q q 0 0 0 rg BT 131.04 382.20 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (5,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 81.50 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 83.50 366.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 105.49 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.16 366.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 145.91 366.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 166.14 366.60 Td (were ) Tj ET Q q 0 0 0 rg BT 183.68 366.60 Td (authorized ) Tj ET Q q 0 0 0 rg BT 219.44 366.60 Td (as ) Tj ET Q q 0 0 0 rg BT 228.11 366.60 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.88 366.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 282.75 366.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.75 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.75 366.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 366.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 361.16 366.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.16 366.60 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 351.00 Td (One) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 62.83 351.00 Td ( ) Tj ET Q q 0 0 0 rg BT 64.84 351.00 Td (share ) Tj ET Q q 0 0 0 rg BT 83.74 351.00 Td (of ) Tj ET Q q 0 0 0 rg BT 92.42 351.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 113.54 351.00 Td (A) Tj ET Q q 0 0 0 rg BT 118.88 351.00 Td ( ) Tj ET Q q 0 0 0 rg BT 120.89 351.00 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 160.68 351.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 192.45 351.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 212.69 351.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 227.14 351.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 251.81 351.00 Td (A) Tj ET Q q 0 0 0 rg BT 257.15 351.00 Td ( ) Tj ET Q q 0 0 0 rg BT 259.17 351.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 290.94 351.00 Td (Share\) ) Tj ET Q q 0 0 0 rg BT 317.38 351.00 Td (was ) Tj ET Q q 0 0 0 rg BT 331.84 351.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 353.86 351.00 Td (and ) Tj ET Q q 0 0 0 rg BT 367.42 351.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 406.77 351.00 Td (as ) Tj ET Q q 0 0 0 rg BT 415.45 351.00 Td (at ) Tj ET Q q 0 0 0 rg BT 423.24 351.00 Td (December ) Tj ET Q q 0 0 0 rg BT 458.12 351.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 470.14 351.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 488.15 351.00 Td (and ) Tj ET Q q 0 0 0 rg BT 501.72 351.00 Td (2012. ) Tj ET Q q 0 0 0 rg BT 521.59 351.00 Td (The ) Tj ET Q q 0 0 0 rg BT 536.04 351.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 557.16 351.00 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 351.00 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 341.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 80.97 341.40 Td (Share ) Tj ET Q q 0 0 0 rg BT 100.89 341.40 Td (is ) Tj ET Q q 0 0 0 rg BT 107.94 341.40 Td (convertible ) Tj ET Q q 0 0 0 rg BT 145.63 341.40 Td (into ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.79 341.40 Td (1) Tj ET Q q 0 0 0 rg BT 163.49 341.40 Td (1,21) Tj ET Q q 0 0 0 rg BT 177.19 341.40 Td (1,449) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.19 341.40 Td ( ) Tj ET Q q 0 0 0 rg BT 196.90 341.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 218.61 341.40 Td (of ) Tj ET Q q 0 0 0 rg BT 226.98 341.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 245.65 341.40 Td (A) Tj ET Q q 0 0 0 rg BT 250.98 341.40 Td ( ) Tj ET Q q 0 0 0 rg BT 252.69 341.40 Td (common ) Tj ET Q q 0 0 0 rg BT 282.40 341.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 301.00 341.40 Td (on ) Tj ET Q q 0 0 0 rg BT 310.71 341.40 Td (the ) Tj ET Q q 0 0 0 rg BT 322.19 341.40 Td (date ) Tj ET Q q 0 0 0 rg BT 337.23 341.40 Td (that ) Tj ET Q q 0 0 0 rg BT 350.93 341.40 Td (is ) Tj ET Q q 0 0 0 rg BT 357.98 341.40 Td (61 ) Tj ET Q q 0 0 0 rg BT 367.69 341.40 Td (days ) Tj ET Q q 0 0 0 rg BT 384.06 341.40 Td (after ) Tj ET Q q 0 0 0 rg BT 400.42 341.40 Td (the ) Tj ET Q q 0 0 0 rg BT 411.91 341.40 Td (date ) Tj ET Q q 0 0 0 rg BT 426.94 341.40 Td (on ) Tj ET Q q 0 0 0 rg BT 436.65 341.40 Td (which ) Tj ET Q q 0 0 0 rg BT 457.91 341.40 Td (the ) Tj ET Q q 0 0 0 rg BT 469.40 341.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 504.43 341.40 Td (of ) Tj ET Q q 0 0 0 rg BT 512.81 341.40 Td (our ) Tj ET Q q 0 0 0 rg BT 525.18 341.40 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 331.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.44 331.80 Td (of ) Tj ET Q q 0 0 0 rg BT 80.05 331.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 98.91 331.80 Td (A) Tj ET Q q 0 0 0 rg BT 104.25 331.80 Td ( ) Tj ET Q q 0 0 0 rg BT 106.19 331.80 Td (common ) Tj ET Q q 0 0 0 rg BT 136.14 331.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 154.98 331.80 Td (by ) Tj ET Q q 0 0 0 rg BT 164.93 331.80 Td (a ) Tj ET Q q 0 0 0 rg BT 170.43 331.80 Td (group ) Tj ET Q q 0 0 0 rg BT 191.04 331.80 Td (that ) Tj ET Q q 0 0 0 rg BT 204.98 331.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 233.45 331.80 Td (TW) Tj ET Q q 0 0 0 rg BT 245.75 331.80 Td ( ) Tj ET Q q 0 0 0 rg BT 247.69 331.80 Td (Investor ) Tj ET Q q 0 0 0 rg BT 275.86 331.80 Td (and ) Tj ET Q q 0 0 0 rg BT 289.36 331.80 Td (its ) Tj ET Q q 0 0 0 rg BT 298.87 331.80 Td (af) Tj ET Q q 0 0 0 rg BT 304.94 331.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 328.66 331.80 Td (would ) Tj ET Q q 0 0 0 rg BT 350.60 331.80 Td (not ) Tj ET Q q 0 0 0 rg BT 362.78 331.80 Td (be ) Tj ET Q q 0 0 0 rg BT 372.28 331.80 Td (greater ) Tj ET Q q 0 0 0 rg BT 396.43 331.80 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.15 331.80 Td (49.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.82 331.80 Td (. ) Tj ET Q q 0 0 0 rg BT 436.62 331.80 Td (The ) Tj ET Q q 0 0 0 rg BT 451.01 331.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 472.08 331.80 Td (A) Tj ET Q q 0 0 0 rg BT 477.42 331.80 Td ( ) Tj ET Q q 0 0 0 rg BT 479.37 331.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 511.07 331.80 Td (Share ) Tj ET Q q 0 0 0 rg BT 531.24 331.80 Td (is ) Tj ET Q q 0 0 0 rg BT 538.52 331.80 Td (entitled ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 322.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 57.43 322.20 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.98 322.20 Td ( ) Tj ET Q q 0 0 0 rg BT 70.69 322.20 Td (vote ) Tj ET Q q 0 0 0 rg BT 86.17 322.20 Td (per ) Tj ET Q q 0 0 0 rg BT 98.09 322.20 Td (each ) Tj ET Q q 0 0 0 rg BT 114.45 322.20 Td (share ) Tj ET Q q 0 0 0 rg BT 133.04 322.20 Td (of ) Tj ET Q q 0 0 0 rg BT 141.41 322.20 Td (Class) Tj ET Q q 0 0 0 rg BT 160.31 322.20 Td (A) Tj ET Q q 0 0 0 rg BT 165.64 322.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.35 322.20 Td (common ) Tj ET Q q 0 0 0 rg BT 197.06 322.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 215.65 322.20 Td (into ) Tj ET Q q 0 0 0 rg BT 229.80 322.20 Td (which ) Tj ET Q q 0 0 0 rg BT 251.06 322.20 Td (it ) Tj ET Q q 0 0 0 rg BT 257.22 322.20 Td (is ) Tj ET Q q 0 0 0 rg BT 264.26 322.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 301.95 322.20 Td (and ) Tj ET Q q 0 0 0 rg BT 315.21 322.20 Td (has ) Tj ET Q q 0 0 0 rg BT 327.58 322.20 Td (such ) Tj ET Q q 0 0 0 rg BT 343.96 322.20 Td (other ) Tj ET Q q 0 0 0 rg BT 362.10 322.20 Td (rights, ) Tj ET Q q 0 0 0 rg BT 384.03 322.20 Td (powers ) Tj ET Q q 0 0 0 rg BT 408.84 322.20 Td (and ) Tj ET Q q 0 0 0 rg BT 422.10 322.20 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 462.67 322.20 Td (including ) Tj ET Q q 0 0 0 rg BT 494.60 322.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 524.30 322.20 Td (adjustments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 312.60 Td (to ) Tj ET Q q 0 0 0 rg BT 57.64 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 69.34 312.60 Td (number ) Tj ET Q q 0 0 0 rg BT 95.70 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.28 312.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.19 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.78 312.60 Td (Class) Tj ET Q q 0 0 0 rg BT 153.67 312.60 Td (A) Tj ET Q q 0 0 0 rg BT 159.01 312.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.93 312.60 Td (common ) Tj ET Q q 0 0 0 rg BT 190.85 312.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 209.66 312.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.80 312.60 Td (be ) Tj ET Q q 0 0 0 rg BT 227.27 312.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 249.19 312.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 267.11 312.60 Td (conversion, ) Tj ET Q q 0 0 0 rg BT 306.13 312.60 Td (as ) Tj ET Q q 0 0 0 rg BT 314.72 312.60 Td (are ) Tj ET Q q 0 0 0 rg BT 326.41 312.60 Td (set ) Tj ET Q q 0 0 0 rg BT 337.21 312.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 354.69 312.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.83 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.52 312.60 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 410.20 312.60 Td (of ) Tj ET Q q 0 0 0 rg BT 418.79 312.60 Td (Designation ) Tj ET Q q 0 0 0 rg BT 459.37 312.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.62 312.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.31 312.60 Td (Series ) Tj ET Q q 0 0 0 rg BT 503.36 312.60 Td (A) Tj ET Q q 0 0 0 rg BT 508.70 312.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.62 312.60 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 542.29 312.60 Td (Share.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 297.00 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 297.00 Td ( ) Tj ET Q q 0 0 0 rg BT 77.82 297.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 100.12 297.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.10 297.00 Td (Series ) Tj ET Q q 0 0 0 rg BT 130.97 297.00 Td (B ) Tj ET Q q 0 0 0 rg BT 138.62 297.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 170.69 297.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 194.34 297.00 Td (were ) Tj ET Q q 0 0 0 rg BT 212.20 297.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 234.51 297.00 Td (and ) Tj ET Q q 0 0 0 rg BT 248.38 297.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 288.02 297.00 Td (as ) Tj ET Q q 0 0 0 rg BT 297.00 297.00 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.09 297.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 352.28 297.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.28 297.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.59 297.00 Td (\(see ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.79 297.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 403.65 297.00 Td (12, ) Tj ET Q q 0 0 0 rg BT 415.97 297.00 Td ("Convertible ) Tj ET Q q 0 0 0 rg BT 459.32 297.00 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 501.17 297.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 533.24 297.00 Td (Shares") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.83 297.00 Td (\). ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 287.40 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 83.93 287.40 Td (conversion ) Tj ET Q q 0 0 0 rg BT 121.02 287.40 Td (three ) Tj ET Q q 0 0 0 rg BT 138.99 287.40 Td (years ) Tj ET Q q 0 0 0 rg BT 157.85 287.40 Td (from ) Tj ET Q q 0 0 0 rg BT 175.38 287.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 204.46 287.40 Td (on ) Tj ET Q q 0 0 0 rg BT 214.45 287.40 Td (June ) Tj ET Q q 0 0 0 rg BT 231.09 287.40 Td (25, ) Tj ET Q q 0 0 0 rg BT 243.08 287.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 261.06 287.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.59 287.40 Td (no ) Tj ET Q q 0 0 0 rg BT 284.57 287.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 324.78 287.40 Td (to ) Tj ET Q q 0 0 0 rg BT 332.98 287.40 Td (the ) Tj ET Q q 0 0 0 rg BT 344.74 287.40 Td (conversion ) Tj ET Q q 0 0 0 rg BT 381.82 287.40 Td (price ) Tj ET Q q 0 0 0 rg BT 399.79 287.40 Td (under ) Tj ET Q q 0 0 0 rg BT 419.99 287.40 Td (the ) Tj ET Q q 0 0 0 rg BT 431.74 287.40 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 467.48 287.40 Td (of ) Tj ET Q q 0 0 0 rg BT 476.13 287.40 Td (Designations ) Tj ET Q q 0 0 0 rg BT 519.89 287.40 Td (for ) Tj ET Q q 0 0 0 rg BT 531.20 287.40 Td (the ) Tj ET Q q 0 0 0 rg BT 542.95 287.40 Td (Series ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 277.80 Td (B ) Tj ET Q q 0 0 0 rg BT 57.13 277.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 89.19 277.80 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 114.65 277.80 Td (TW) Tj ET Q q 0 0 0 rg BT 126.95 277.80 Td ( ) Tj ET Q q 0 0 0 rg BT 129.24 277.80 Td (Investor ) Tj ET Q q 0 0 0 rg BT 157.76 277.80 Td (would ) Tj ET Q q 0 0 0 rg BT 180.06 277.80 Td (be ) Tj ET Q q 0 0 0 rg BT 189.91 277.80 Td (issued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.21 277.80 Td (79.0 ) Tj ET Q q 0 0 0 rg BT 228.50 277.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 251.62 277.80 Td ( ) Tj ET Q q 0 0 0 rg BT 253.92 277.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 276.21 277.80 Td (of ) Tj ET Q q 0 0 0 rg BT 285.17 277.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 304.30 277.80 Td (A) Tj ET Q q 0 0 0 rg BT 309.63 277.80 Td ( ) Tj ET Q q 0 0 0 rg BT 311.93 277.80 Td (common ) Tj ET Q q 0 0 0 rg BT 342.23 277.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 361.41 277.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 379.71 277.80 Td (conversion. ) Tj ET Q q 0 0 0 rg BT 419.11 277.80 Td (If ) Tj ET Q q 0 0 0 rg BT 426.74 277.80 Td (the ) Tj ET Q q 0 0 0 rg BT 438.81 277.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 462.00 277.80 Td (Of) Tj ET Q q 0 0 0 rg BT 470.30 277.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 491.70 277.80 Td (and ) Tj ET Q q 0 0 0 rg BT 505.55 277.80 Td (other ) Tj ET Q q 0 0 0 rg BT 524.29 277.80 Td (transactions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 268.20 Td (discussed ) Tj ET Q q 0 0 0 rg BT 82.39 268.20 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.84 268.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 108.62 268.20 Td (25, ) Tj ET Q q 0 0 0 rg BT 120.85 268.20 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 163.23 268.20 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.27 268.20 Td ( ) Tj ET Q q 0 0 0 rg BT 190.50 268.20 Td (are ) Tj ET Q q 0 0 0 rg BT 202.49 268.20 Td (closed, ) Tj ET Q q 0 0 0 rg BT 227.16 268.20 Td (the ) Tj ET Q q 0 0 0 rg BT 239.16 268.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 276.49 268.20 Td (price ) Tj ET Q q 0 0 0 rg BT 294.71 268.20 Td (of ) Tj ET Q q 0 0 0 rg BT 303.60 268.20 Td (the ) Tj ET Q q 0 0 0 rg BT 315.60 268.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 337.38 268.20 Td (B ) Tj ET Q q 0 0 0 rg BT 344.95 268.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 376.93 268.20 Td (Shares ) Tj ET Q q 0 0 0 rg BT 400.49 268.20 Td (will ) Tj ET Q q 0 0 0 rg BT 415.16 268.20 Td (be ) Tj ET Q q 0 0 0 rg BT 424.94 268.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 453.83 268.20 Td (downward, ) Tj ET Q q 0 0 0 rg BT 491.83 268.20 Td (resulting ) Tj ET Q q 0 0 0 rg BT 522.05 268.20 Td (in ) Tj ET Q q 0 0 0 rg BT 530.51 268.20 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.49 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 79.71 258.60 Td (be ) Tj ET Q q 0 0 0 rg BT 89.27 258.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 111.27 258.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 129.27 258.60 Td (conversion. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 240.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 69.14 240.00 Td (A) Tj ET Q q 0 0 0 rg BT 73.88 240.00 Td ( ) Tj ET Q q 0 0 0 rg BT 75.88 240.00 Td (and ) Tj ET Q q 0 0 0 rg BT 89.88 240.00 Td (B ) Tj ET Q q 0 0 0 rg BT 96.77 240.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 127.66 240.00 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 224.40 Td (300,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.50 224.40 Td ( ) Tj ET Q q 0 0 0 rg BT 91.65 224.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.35 224.40 Td (200,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.35 224.40 Td ( ) Tj ET Q q 0 0 0 rg BT 147.50 224.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 169.64 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 178.46 224.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 197.47 224.40 Td (A) Tj ET Q q 0 0 0 rg BT 202.81 224.40 Td ( ) Tj ET Q q 0 0 0 rg BT 204.96 224.40 Td (common ) Tj ET Q q 0 0 0 rg BT 235.10 224.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.14 224.40 Td (were ) Tj ET Q q 0 0 0 rg BT 271.83 224.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 307.75 224.40 Td (as ) Tj ET Q q 0 0 0 rg BT 316.56 224.40 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.48 224.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 371.50 224.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.50 224.40 Td ( ) Tj ET Q q 0 0 0 rg BT 389.65 224.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.35 224.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 450.37 224.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.37 224.40 Td (, ) Tj ET Q q 0 0 0 rg BT 470.52 224.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 508.65 224.40 Td (, ) Tj ET Q q 0 0 0 rg BT 512.80 224.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 224.40 Td (15,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.50 224.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 214.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.07 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 79.32 214.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 98.24 214.80 Td (B ) Tj ET Q q 0 0 0 rg BT 105.16 214.80 Td (common ) Tj ET Q q 0 0 0 rg BT 134.73 214.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 153.20 214.80 Td (were ) Tj ET Q q 0 0 0 rg BT 170.33 214.80 Td (authorized ) Tj ET Q q 0 0 0 rg BT 205.67 214.80 Td (as ) Tj ET Q q 0 0 0 rg BT 213.92 214.80 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.27 214.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 267.72 214.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.72 214.80 Td ( ) Tj ET Q q 0 0 0 rg BT 285.30 214.80 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.44 214.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 344.89 214.80 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.89 214.80 Td (. ) Tj ET Q q 0 0 0 rg BT 364.35 214.80 Td (The ) Tj ET Q q 0 0 0 rg BT 378.37 214.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 398.18 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 406.42 214.80 Td (the ) Tj ET Q q 0 0 0 rg BT 417.78 214.80 Td (holders ) Tj ET Q q 0 0 0 rg BT 442.91 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 451.16 214.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 469.73 214.80 Td (A) Tj ET Q q 0 0 0 rg BT 475.06 214.80 Td ( ) Tj ET Q q 0 0 0 rg BT 476.65 214.80 Td (common ) Tj ET Q q 0 0 0 rg BT 506.22 214.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 524.69 214.80 Td (and ) Tj ET Q q 0 0 0 rg BT 537.83 214.80 Td (ClassB ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 205.20 Td (common ) Tj ET Q q 0 0 0 rg BT 79.74 205.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 98.88 205.20 Td (are ) Tj ET Q q 0 0 0 rg BT 110.89 205.20 Td (identical ) Tj ET Q q 0 0 0 rg BT 140.68 205.20 Td (except ) Tj ET Q q 0 0 0 rg BT 163.80 205.20 Td (for ) Tj ET Q q 0 0 0 rg BT 175.38 205.20 Td (voting ) Tj ET Q q 0 0 0 rg BT 198.07 205.20 Td (rights. ) Tj ET Q q 0 0 0 rg BT 220.38 205.20 Td (The ) Tj ET Q q 0 0 0 rg BT 235.06 205.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.30 205.20 Td (of ) Tj ET Q q 0 0 0 rg BT 266.21 205.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 285.30 205.20 Td (A) Tj ET Q q 0 0 0 rg BT 290.63 205.20 Td ( ) Tj ET Q q 0 0 0 rg BT 292.88 205.20 Td (common ) Tj ET Q q 0 0 0 rg BT 323.12 205.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 342.26 205.20 Td (are ) Tj ET Q q 0 0 0 rg BT 354.27 205.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 380.51 205.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.98 205.20 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.53 205.20 Td ( ) Tj ET Q q 0 0 0 rg BT 402.78 205.20 Td (vote ) Tj ET Q q 0 0 0 rg BT 418.80 205.20 Td (per ) Tj ET Q q 0 0 0 rg BT 431.26 205.20 Td (share ) Tj ET Q q 0 0 0 rg BT 450.39 205.20 Td (and ) Tj ET Q q 0 0 0 rg BT 464.18 205.20 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 205.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 498.44 205.20 Td (of ) Tj ET Q q 0 0 0 rg BT 507.35 205.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 526.94 205.20 Td (B ) Tj ET Q q 0 0 0 rg BT 534.52 205.20 Td (common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 195.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 68.91 195.60 Td (are ) Tj ET Q q 0 0 0 rg BT 81.19 195.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 107.70 195.60 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 116.44 195.60 Td (ten) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.21 195.60 Td ( ) Tj ET Q q 0 0 0 rg BT 128.73 195.60 Td (votes ) Tj ET Q q 0 0 0 rg BT 148.14 195.60 Td (per ) Tj ET Q q 0 0 0 rg BT 160.87 195.60 Td (share. ) Tj ET Q q 0 0 0 rg BT 182.27 195.60 Td (Shares ) Tj ET Q q 0 0 0 rg BT 206.12 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.30 195.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 235.15 195.60 Td (B ) Tj ET Q q 0 0 0 rg BT 243.01 195.60 Td (common ) Tj ET Q q 0 0 0 rg BT 273.52 195.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 292.93 195.60 Td (are ) Tj ET Q q 0 0 0 rg BT 305.21 195.60 Td (convertible ) Tj ET Q q 0 0 0 rg BT 343.71 195.60 Td (into ) Tj ET Q q 0 0 0 rg BT 358.68 195.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 381.19 195.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.37 195.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 409.67 195.60 Td (A) Tj ET Q q 0 0 0 rg BT 415.01 195.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.53 195.60 Td (common ) Tj ET Q q 0 0 0 rg BT 448.04 195.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 467.45 195.60 Td (on ) Tj ET Q q 0 0 0 rg BT 477.96 195.60 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.03 195.60 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.58 195.60 Td (-for) Tj ET Q q 0 0 0 rg BT 507.42 195.60 Td (-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.08 195.60 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.63 195.60 Td ( ) Tj ET Q q 0 0 0 rg BT 524.15 195.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 542.67 195.60 Td (for ) Tj ET Q q 0 0 0 rg BT 554.51 195.60 Td (no ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 186.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 84.06 186.00 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 131.73 186.00 Td (Holders ) Tj ET Q q 0 0 0 rg BT 159.63 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 168.87 186.00 Td (each ) Tj ET Q q 0 0 0 rg BT 186.10 186.00 Td (class ) Tj ET Q q 0 0 0 rg BT 204.22 186.00 Td (of ) Tj ET Q q 0 0 0 rg BT 213.46 186.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 236.02 186.00 Td (are ) Tj ET Q q 0 0 0 rg BT 248.36 186.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 274.92 186.00 Td (to ) Tj ET Q q 0 0 0 rg BT 283.72 186.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 309.38 186.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 343.06 186.00 Td (and ) Tj ET Q q 0 0 0 rg BT 357.18 186.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 375.76 186.00 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 412.99 186.00 Td (or ) Tj ET Q q 0 0 0 rg BT 422.23 186.00 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 459.92 186.00 Td (are ) Tj ET Q q 0 0 0 rg BT 472.26 186.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 498.82 186.00 Td (to ) Tj ET Q q 0 0 0 rg BT 507.62 186.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 533.28 186.00 Td (all ) Tj ET Q q 0 0 0 rg BT 543.85 186.00 Td (assets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 176.40 Td (available ) Tj ET Q q 0 0 0 rg BT 79.88 176.40 Td (for ) Tj ET Q q 0 0 0 rg BT 90.72 176.40 Td (distribution ) Tj ET Q q 0 0 0 rg BT 129.13 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 136.86 176.40 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 180.80 176.40 Td (Under ) Tj ET Q q 0 0 0 rg BT 202.30 176.40 Td (our ) Tj ET Q q 0 0 0 rg BT 214.48 176.40 Td (bye-laws, ) Tj ET Q q 0 0 0 rg BT 246.87 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 258.16 176.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 283.22 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 291.39 176.40 Td (each ) Tj ET Q q 0 0 0 rg BT 307.56 176.40 Td (class ) Tj ET Q q 0 0 0 rg BT 324.62 176.40 Td (have ) Tj ET Q q 0 0 0 rg BT 341.23 176.40 Td (no ) Tj ET Q q 0 0 0 rg BT 350.75 176.40 Td (preemptive ) Tj ET Q q 0 0 0 rg BT 388.24 176.40 Td (or ) Tj ET Q q 0 0 0 rg BT 396.42 176.40 Td (other ) Tj ET Q q 0 0 0 rg BT 414.37 176.40 Td (subscription ) Tj ET Q q 0 0 0 rg BT 454.99 176.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 474.72 176.40 Td (and ) Tj ET Q q 0 0 0 rg BT 487.79 176.40 Td (there ) Tj ET Q q 0 0 0 rg BT 505.29 176.40 Td (are ) Tj ET Q q 0 0 0 rg BT 516.56 176.40 Td (no ) Tj ET Q q 0 0 0 rg BT 526.07 176.40 Td (redemption ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 166.80 Td (or ) Tj ET Q q 0 0 0 rg BT 58.16 166.80 Td (sinking ) Tj ET Q q 0 0 0 rg BT 83.72 166.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 100.39 166.80 Td (provisions ) Tj ET Q q 0 0 0 rg BT 135.72 166.80 Td (with ) Tj ET Q q 0 0 0 rg BT 151.95 166.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 176.60 166.80 Td (to ) Tj ET Q q 0 0 0 rg BT 184.82 166.80 Td (such ) Tj ET Q q 0 0 0 rg BT 201.48 166.80 Td (shares.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 151.20 Td (On ) Tj ET Q q 0 0 0 rg BT 61.61 151.20 Td (May ) Tj ET Q q 0 0 0 rg BT 78.60 151.20 Td (8, ) Tj ET Q q 0 0 0 rg BT 86.93 151.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 107.26 151.20 Td (we ) Tj ET Q q 0 0 0 rg BT 118.92 151.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 141.24 151.20 Td (and ) Tj ET Q q 0 0 0 rg BT 155.12 151.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 170.79 151.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 200.67 151.20 Td (to ) Tj ET Q q 0 0 0 rg BT 209.22 151.20 Td (a ) Tj ET Q q 0 0 0 rg BT 215.10 151.20 Td (public ) Tj ET Q q 0 0 0 rg BT 237.43 151.20 Td (of) Tj ET Q q 0 0 0 rg BT 243.95 151.20 Td (fering ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.38 151.20 Td (54,436,582) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.38 151.20 Td ( ) Tj ET Q q 0 0 0 rg BT 303.71 151.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 326.03 151.20 Td (of ) Tj ET Q q 0 0 0 rg BT 335.02 151.20 Td (our ) Tj ET Q q 0 0 0 rg BT 348.01 151.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 367.16 151.20 Td (A) Tj ET Q q 0 0 0 rg BT 372.50 151.20 Td ( ) Tj ET Q q 0 0 0 rg BT 374.83 151.20 Td (common ) Tj ET Q q 0 0 0 rg BT 405.15 151.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 424.37 151.20 Td (at ) Tj ET Q q 0 0 0 rg BT 432.47 151.20 Td (a ) Tj ET Q q 0 0 0 rg BT 438.35 151.20 Td (price ) Tj ET Q q 0 0 0 rg BT 456.67 151.20 Td (of ) Tj ET Q q 0 0 0 rg BT 465.66 151.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.22 151.20 Td (2.75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.22 151.20 Td ( ) Tj ET Q q 0 0 0 rg BT 498.55 151.20 Td (per ) Tj ET Q q 0 0 0 rg BT 511.09 151.20 Td (share, ) Tj ET Q q 0 0 0 rg BT 532.30 151.20 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 141.60 Td (27,163,854) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 141.60 Td ( ) Tj ET Q q 0 0 0 rg BT 87.63 141.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 109.75 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.54 141.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 137.54 141.60 Td (A) Tj ET Q q 0 0 0 rg BT 142.87 141.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.00 141.60 Td (common ) Tj ET Q q 0 0 0 rg BT 175.13 141.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 194.14 141.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 209.61 141.60 Td (to ) Tj ET Q q 0 0 0 rg BT 217.81 141.60 Td (TW) Tj ET Q q 0 0 0 rg BT 230.10 141.60 Td ( ) Tj ET Q q 0 0 0 rg BT 232.23 141.60 Td (Investor ) Tj ET Q q 0 0 0 rg BT 260.57 141.60 Td (in ) Tj ET Q q 0 0 0 rg BT 268.92 141.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 306.15 141.60 Td (with ) Tj ET Q q 0 0 0 rg BT 322.50 141.60 Td (its ) Tj ET Q q 0 0 0 rg BT 332.19 141.60 Td (preexisting ) Tj ET Q q 0 0 0 rg BT 369.86 141.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 407.53 141.60 Td (right ) Tj ET Q q 0 0 0 rg BT 424.77 141.60 Td (to ) Tj ET Q q 0 0 0 rg BT 433.12 141.60 Td (purchase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.68 141.60 Td (49.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.34 141.60 Td ( ) Tj ET Q q 0 0 0 rg BT 486.47 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.26 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 507.17 141.60 Td (number ) Tj ET Q q 0 0 0 rg BT 533.73 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 542.52 141.60 Td (shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 132.00 Td (of ) Tj ET Q q 0 0 0 rg BT 57.86 132.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 76.52 132.00 Td (A) Tj ET Q q 0 0 0 rg BT 81.85 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 83.55 132.00 Td (common ) Tj ET Q q 0 0 0 rg BT 113.24 132.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 131.82 132.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 146.85 132.00 Td (in ) Tj ET Q q 0 0 0 rg BT 154.77 132.00 Td (the ) Tj ET Q q 0 0 0 rg BT 166.24 132.00 Td (public ) Tj ET Q q 0 0 0 rg BT 187.93 132.00 Td (of) Tj ET Q q 0 0 0 rg BT 194.45 132.00 Td (fering. ) Tj ET Q q 0 0 0 rg BT 217.25 132.00 Td (On ) Tj ET Q q 0 0 0 rg BT 228.72 132.00 Td (May ) Tj ET Q q 0 0 0 rg BT 245.08 132.00 Td (10, ) Tj ET Q q 0 0 0 rg BT 256.77 132.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 276.47 132.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.94 132.00 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 330.06 132.00 Td (exercised ) Tj ET Q q 0 0 0 rg BT 361.96 132.00 Td (their ) Tj ET Q q 0 0 0 rg BT 378.32 132.00 Td (option ) Tj ET Q q 0 0 0 rg BT 400.46 132.00 Td (to ) Tj ET Q q 0 0 0 rg BT 408.38 132.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 438.50 132.00 Td (an ) Tj ET Q q 0 0 0 rg BT 447.75 132.00 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.43 132.00 Td (2,696,349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.43 132.00 Td ( ) Tj ET Q q 0 0 0 rg BT 515.13 132.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.82 132.00 Td (of ) Tj ET Q q 0 0 0 rg BT 545.18 132.00 Td (Class ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 122.40 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 122.40 Td ( ) Tj ET Q q 0 0 0 rg BT 56.82 122.40 Td (common ) Tj ET Q q 0 0 0 rg BT 86.79 122.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 107.66 122.40 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 139.86 122.40 Td (1,345,478) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.86 122.40 Td ( ) Tj ET Q q 0 0 0 rg BT 173.84 122.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.81 122.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 225.33 122.40 Td (by ) Tj ET Q q 0 0 0 rg BT 235.17 122.40 Td (TW) Tj ET Q q 0 0 0 rg BT 247.46 122.40 Td ( ) Tj ET Q q 0 0 0 rg BT 249.44 122.40 Td (Investor ) Tj ET Q q 0 0 0 rg BT 277.64 122.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 307.17 122.40 Td (to ) Tj ET Q q 0 0 0 rg BT 315.37 122.40 Td (its ) Tj ET Q q 0 0 0 rg BT 324.91 122.40 Td (preexisting ) Tj ET Q q 0 0 0 rg BT 362.44 122.40 Td (contractual ) Tj ET Q q 0 0 0 rg BT 399.95 122.40 Td (right. ) Tj ET Q q 0 0 0 rg BT 418.90 122.40 Td (The ) Tj ET Q q 0 0 0 rg BT 433.32 122.40 Td (net ) Tj ET Q q 0 0 0 rg BT 445.07 122.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 475.48 122.40 Td (to ) Tj ET Q q 0 0 0 rg BT 483.69 122.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.44 122.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.53 122.40 Td (from ) Tj ET Q q 0 0 0 rg BT 546.06 122.40 Td (these ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 112.80 Td (of) Tj ET Q q 0 0 0 rg BT 56.02 112.80 Td (ferings ) Tj ET Q q 0 0 0 rg BT 80.23 112.80 Td (were ) Tj ET Q q 0 0 0 rg BT 97.78 112.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 145.98 112.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.21 112.80 Td (151.7 ) Tj ET Q q 0 0 0 rg BT 182.21 112.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.32 112.80 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 97.20 Td (There ) Tj ET Q q 0 0 0 rg BT 70.15 97.20 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.70 97.20 Td (134.8 ) Tj ET Q q 0 0 0 rg BT 107.70 97.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 130.81 97.20 Td ( ) Tj ET Q q 0 0 0 rg BT 132.81 97.20 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.36 97.20 Td (77.2 ) Tj ET Q q 0 0 0 rg BT 162.36 97.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.47 97.20 Td ( ) Tj ET Q q 0 0 0 rg BT 187.47 97.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 209.46 97.20 Td (of ) Tj ET Q q 0 0 0 rg BT 218.13 97.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 237.02 97.20 Td (A) Tj ET Q q 0 0 0 rg BT 242.36 97.20 Td ( ) Tj ET Q q 0 0 0 rg BT 244.36 97.20 Td (common ) Tj ET Q q 0 0 0 rg BT 274.36 97.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 293.24 97.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 332.57 97.20 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.35 97.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 387.21 97.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.21 97.20 Td ( ) Tj ET Q q 0 0 0 rg BT 405.21 97.20 Td (and ) Tj ET Q q 0 0 0 rg BT 418.77 97.20 Td (2012, ) Tj ET Q q 0 0 0 rg BT 438.77 97.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 476.89 97.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 81.60 Td (As ) Tj ET Q q 0 0 0 rg BT 60.39 81.60 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.16 81.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.03 81.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.03 81.60 Td ( ) Tj ET Q q 0 0 0 rg BT 133.03 81.60 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.58 81.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 193.45 81.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 209.45 81.60 Td (, ) Tj ET Q q 0 0 0 rg BT 213.45 81.60 Td (there ) Tj ET Q q 0 0 0 rg BT 231.44 81.60 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.98 81.60 Td (no) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.98 81.60 Td ( ) Tj ET Q q 0 0 0 rg BT 258.98 81.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 280.97 81.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.64 81.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 308.97 81.60 Td (B ) Tj ET Q q 0 0 0 rg BT 316.31 81.60 Td (common ) Tj ET Q q 0 0 0 rg BT 346.30 81.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 365.19 81.60 Td (outstanding.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 66.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 66.00 Td (arrants ) Tj ET Q q 0 0 0 rg BT 80.36 66.00 Td (to ) Tj ET Q q 0 0 0 rg BT 88.76 66.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 119.38 66.00 Td (up ) Tj ET Q q 0 0 0 rg BT 129.56 66.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.96 66.00 Td (600,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.96 66.00 Td ( ) Tj ET Q q 0 0 0 rg BT 166.15 66.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.88 66.00 Td (250,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.88 66.00 Td ( ) Tj ET Q q 0 0 0 rg BT 208.06 66.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 230.24 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.08 66.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 258.12 66.00 Td (A) Tj ET Q q 0 0 0 rg BT 263.46 66.00 Td ( ) Tj ET Q q 0 0 0 rg BT 265.64 66.00 Td (common ) Tj ET Q q 0 0 0 rg BT 295.82 66.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 314.89 66.00 Td (for ) Tj ET Q q 0 0 0 rg BT 326.40 66.00 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.13 66.00 Td (six) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.47 66.00 Td (-year ) Tj ET Q q 0 0 0 rg BT 360.08 66.00 Td (period ) Tj ET Q q 0 0 0 rg BT 382.70 66.00 Td (terminating ) Tj ET Q q 0 0 0 rg BT 421.76 66.00 Td (December ) Tj ET Q q 0 0 0 rg BT 456.81 66.00 Td (2015 ) Tj ET Q q 0 0 0 rg BT 474.99 66.00 Td (at ) Tj ET Q q 0 0 0 rg BT 482.95 66.00 Td (a ) Tj ET Q q 0 0 0 rg BT 488.68 66.00 Td (price ) Tj ET Q q 0 0 0 rg BT 506.85 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 515.70 66.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.11 66.00 Td (21.75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.11 66.00 Td ( ) Tj ET Q q 0 0 0 rg BT 552.29 66.00 Td (per ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 56.40 Td (share ) Tj ET Q q 0 0 0 rg BT 68.44 56.40 Td (are ) Tj ET Q q 0 0 0 rg BT 80.27 56.40 Td (held ) Tj ET Q q 0 0 0 rg BT 96.10 56.40 Td (by ) Tj ET Q q 0 0 0 rg BT 105.71 56.40 Td (Alerria ) Tj ET Q q 0 0 0 rg BT 130.42 56.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 174.24 56.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 207.41 56.40 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 223.70 56.40 Td (and ) Tj ET Q q 0 0 0 rg BT 237.31 56.40 Td (Metrodome ) Tj ET Q q 0 0 0 rg BT 276.69 56.40 Td (B.V) Tj ET Q q 0 0 0 rg BT 288.78 56.40 Td (., ) Tj ET Q q 0 0 0 rg BT 294.84 56.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 332.97 56.40 Td (, ) Tj ET Q q 0 0 0 rg BT 337.03 56.40 Td (each ) Tj ET Q q 0 0 0 rg BT 353.74 56.40 Td (of ) Tj ET Q q 0 0 0 rg BT 362.46 56.40 Td (which ) Tj ET Q q 0 0 0 rg BT 384.07 56.40 Td (is ) Tj ET Q q 0 0 0 rg BT 391.47 56.40 Td (controlled ) Tj ET Q q 0 0 0 rg BT 425.97 56.40 Td (by ) Tj ET Q q 0 0 0 rg BT 435.57 56.40 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 459.85 56.40 Td (Sarbu, ) Tj ET Q q 0 0 0 rg BT 482.57 56.40 Td (our ) Tj ET Q q 0 0 0 rg BT 495.30 56.40 Td (former ) Tj ET Q q 0 0 0 rg BT 519.12 56.40 Td (President ) Tj ET Q q 0 0 0 rg BT 550.96 56.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 46.80 Td (Chief ) Tj ET Q q 0 0 0 rg BT 69.27 46.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 103.26 46.80 Td (Of) Tj ET Q q 0 0 0 rg BT 111.55 46.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 128.21 46.80 Td (and ) Tj ET Q q 0 0 0 rg BT 141.76 46.80 Td (former ) Tj ET Q q 0 0 0 rg BT 165.52 46.80 Td (member ) Tj ET Q q 0 0 0 rg BT 193.73 46.80 Td (of ) Tj ET Q q 0 0 0 rg BT 202.40 46.80 Td (our ) Tj ET Q q 0 0 0 rg BT 215.06 46.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 236.61 46.80 Td (of ) Tj ET Q q 0 0 0 rg BT 245.28 46.80 Td (Directors.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (As ) Tj ET Q q 0 0 0 rg BT 60.49 723.50 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.37 723.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 115.34 723.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.34 723.50 Td (, ) Tj ET Q q 0 0 0 rg BT 135.29 723.50 Td (TW) Tj ET Q q 0 0 0 rg BT 147.58 723.50 Td ( ) Tj ET Q q 0 0 0 rg BT 149.68 723.50 Td (Investor ) Tj ET Q q 0 0 0 rg BT 178.00 723.50 Td (owns ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.99 723.50 Td (45.5%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.65 723.50 Td ( ) Tj ET Q q 0 0 0 rg BT 219.75 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.52 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 240.40 723.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 279.83 723.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 301.92 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 310.69 723.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 329.66 723.50 Td (A) Tj ET Q q 0 0 0 rg BT 335.00 723.50 Td ( ) Tj ET Q q 0 0 0 rg BT 337.10 723.50 Td (common ) Tj ET Q q 0 0 0 rg BT 367.20 723.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 386.19 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 399.84 723.50 Td (has ) Tj ET Q q 0 0 0 rg BT 412.60 723.50 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.26 723.50 Td (49.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.92 723.50 Td ( ) Tj ET Q q 0 0 0 rg BT 441.02 723.50 Td (voting ) Tj ET Q q 0 0 0 rg BT 463.57 723.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.22 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 497.54 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 509.42 723.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 542.63 723.50 Td (due ) Tj ET Q q 0 0 0 rg BT 556.28 723.50 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (its ) Tj ET Q q 0 0 0 rg BT 59.06 713.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 94.39 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 103.05 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 114.82 713.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 135.93 713.90 Td (A) Tj ET Q q 0 0 0 rg BT 141.27 713.90 Td ( ) Tj ET Q q 0 0 0 rg BT 143.27 713.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 175.03 713.90 Td (Share.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 692.30 Td (14. ) Tj ET Q q 0 0 0 rg BT 67.50 692.30 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 112.39 692.30 Td ( ) Tj ET Q q 0 0 0 rg BT 114.39 692.30 Td (INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 174.63 692.30 Td (AND ) Tj ET Q q 0 0 0 rg BT 193.96 692.30 Td (F) Tj ET Q q 0 0 0 rg BT 198.26 692.30 Td (AIR ) Tj ET Q q 0 0 0 rg BT 214.78 692.30 Td (V) Tj ET Q q 0 0 0 rg BT 219.53 692.30 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 243.75 692.30 Td (MEASUREMENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 676.70 Td (ASC ) Tj ET Q q 0 0 0 rg BT 67.05 676.70 Td (820, ) Tj ET Q q 0 0 0 rg BT 83.04 676.70 Td (Fair ) Tj ET Q q 0 0 0 rg BT 101.32 676.70 Td (V) Tj ET Q q 0 0 0 rg BT 106.21 676.70 Td (alue ) Tj ET Q q 0 0 0 rg BT 121.52 676.70 Td (Measurements ) Tj ET Q q 0 0 0 rg BT 170.17 676.70 Td (and ) Tj ET Q q 0 0 0 rg BT 183.70 676.70 Td (Disclosure, ) Tj ET Q q 0 0 0 rg BT 225.46 676.70 Td (establishes ) Tj ET Q q 0 0 0 rg BT 262.11 676.70 Td (a ) Tj ET Q q 0 0 0 rg BT 267.65 676.70 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 299.84 676.70 Td (that ) Tj ET Q q 0 0 0 rg BT 313.82 676.70 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 348.24 676.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.00 676.70 Td (inputs ) Tj ET Q q 0 0 0 rg BT 381.55 676.70 Td (to ) Tj ET Q q 0 0 0 rg BT 389.76 676.70 Td (those ) Tj ET Q q 0 0 0 rg BT 408.64 676.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 440.40 676.70 Td (techniques ) Tj ET Q q 0 0 0 rg BT 476.59 676.70 Td (used ) Tj ET Q q 0 0 0 rg BT 493.25 676.70 Td (to ) Tj ET Q q 0 0 0 rg BT 501.46 676.70 Td (measure ) Tj ET Q q 0 0 0 rg BT 530.10 676.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 543.19 676.70 Td (value. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 667.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.40 667.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 97.07 667.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 116.42 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.66 667.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 154.24 667.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 180.70 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.39 667.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 226.52 667.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 250.75 667.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 272.32 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.01 667.10 Td (active ) Tj ET Q q 0 0 0 rg BT 302.57 667.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 330.36 667.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.16 667.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 372.17 667.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 393.30 667.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.43 667.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 434.67 667.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 458.01 667.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 464.47 667.10 Td (measurements\) ) Tj ET Q q 0 0 0 rg BT 515.36 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.38 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.62 667.10 Td (lowest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 657.50 Td (priority ) Tj ET Q q 0 0 0 rg BT 75.50 657.50 Td (to ) Tj ET Q q 0 0 0 rg BT 83.72 657.50 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 128.37 657.50 Td (inputs ) Tj ET Q q 0 0 0 rg BT 149.93 657.50 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 172.80 657.50 Td (3 ) Tj ET Q q 0 0 0 rg BT 178.80 657.50 Td (measurements\). ) Tj ET Q q 0 0 0 rg BT 231.09 657.50 Td (The ) Tj ET Q q 0 0 0 rg BT 245.52 657.50 Td (three ) Tj ET Q q 0 0 0 rg BT 263.51 657.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 284.17 657.50 Td (of ) Tj ET Q q 0 0 0 rg BT 292.84 657.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.61 657.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 317.71 657.50 Td (value ) Tj ET Q q 0 0 0 rg BT 337.04 657.50 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 369.24 657.50 Td (are:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 641.90 Td (Basis ) Tj ET Q q 0 0 0 rg BT 68.84 641.90 Td (of ) Tj ET Q q 0 0 0 rg BT 77.50 641.90 Td (Fair ) Tj ET Q q 0 0 0 rg BT 92.24 641.90 Td (V) Tj ET Q q 0 0 0 rg BT 97.13 641.90 Td (alue ) Tj ET Q q 0 0 0 rg BT 112.46 641.90 Td (Measurement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 629.30 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 629.30 Td (1 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.50 629.30 Td (Unadjusted ) Tj ET Q q 0 0 0 rg BT 141.94 629.30 Td (quoted ) Tj ET Q q 0 0 0 rg BT 165.71 629.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 186.81 629.30 Td (in ) Tj ET Q q 0 0 0 rg BT 195.04 629.30 Td (active ) Tj ET Q q 0 0 0 rg BT 216.13 629.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 243.46 629.30 Td (that ) Tj ET Q q 0 0 0 rg BT 257.45 629.30 Td (are ) Tj ET Q q 0 0 0 rg BT 269.22 629.30 Td (accessible ) Tj ET Q q 0 0 0 rg BT 303.64 629.30 Td (at ) Tj ET Q q 0 0 0 rg BT 311.42 629.30 Td (the ) Tj ET Q q 0 0 0 rg BT 323.19 629.30 Td (measurement ) Tj ET Q q 0 0 0 rg BT 367.84 629.30 Td (date ) Tj ET Q q 0 0 0 rg BT 383.16 629.30 Td (for ) Tj ET Q q 0 0 0 rg BT 394.49 629.30 Td (identical, ) Tj ET Q q 0 0 0 rg BT 426.04 629.30 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 465.80 629.30 Td (instruments.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 616.70 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 616.70 Td (2 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.50 616.70 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 128.60 616.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 149.25 616.70 Td (in ) Tj ET Q q 0 0 0 rg BT 157.02 616.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 183.89 616.70 Td (that ) Tj ET Q q 0 0 0 rg BT 197.43 616.70 Td (are ) Tj ET Q q 0 0 0 rg BT 208.75 616.70 Td (not ) Tj ET Q q 0 0 0 rg BT 220.52 616.70 Td (considered ) Tj ET Q q 0 0 0 rg BT 256.72 616.70 Td (to ) Tj ET Q q 0 0 0 rg BT 264.49 616.70 Td (be ) Tj ET Q q 0 0 0 rg BT 273.59 616.70 Td (active ) Tj ET Q q 0 0 0 rg BT 294.23 616.70 Td (or ) Tj ET Q q 0 0 0 rg BT 302.45 616.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.98 616.70 Td (instruments ) Tj ET Q q 0 0 0 rg BT 370.86 616.70 Td (for ) Tj ET Q q 0 0 0 rg BT 381.73 616.70 Td (which ) Tj ET Q q 0 0 0 rg BT 402.83 616.70 Td (all ) Tj ET Q q 0 0 0 rg BT 412.38 616.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 447.69 616.70 Td (inputs ) Tj ET Q q 0 0 0 rg BT 468.80 616.70 Td (are ) Tj ET Q q 0 0 0 rg BT 480.11 616.70 Td (observable, ) Tj ET Q q 0 0 0 rg BT 518.31 616.70 Td (either ) Tj ET Q q 0 0 0 rg BT 538.07 616.70 Td (directly ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.50 607.10 Td (or ) Tj ET Q q 0 0 0 rg BT 112.16 607.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 142.30 607.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 594.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 594.50 Td (3 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.50 594.50 Td (Prices ) Tj ET Q q 0 0 0 rg BT 125.05 594.50 Td (or ) Tj ET Q q 0 0 0 rg BT 133.71 594.50 Td (valuations ) Tj ET Q q 0 0 0 rg BT 168.60 594.50 Td (that ) Tj ET Q q 0 0 0 rg BT 182.59 594.50 Td (require ) Tj ET Q q 0 0 0 rg BT 207.25 594.50 Td (inputs ) Tj ET Q q 0 0 0 rg BT 228.80 594.50 Td (that ) Tj ET Q q 0 0 0 rg BT 242.80 594.50 Td (are ) Tj ET Q q 0 0 0 rg BT 254.57 594.50 Td (both ) Tj ET Q q 0 0 0 rg BT 270.79 594.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 306.56 594.50 Td (to ) Tj ET Q q 0 0 0 rg BT 314.78 594.50 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 594.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 339.66 594.50 Td (value ) Tj ET Q q 0 0 0 rg BT 358.98 594.50 Td (measurement ) Tj ET Q q 0 0 0 rg BT 403.63 594.50 Td (and ) Tj ET Q q 0 0 0 rg BT 417.18 594.50 Td (unobservable.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 578.90 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 578.90 Td ( ) Tj ET Q q 0 0 0 rg BT 56.84 578.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.82 578.90 Td (instrument) Tj ET Q q 0 0 0 rg BT 123.26 578.90 Td (s ) Tj ET Q q 0 0 0 rg BT 128.38 578.90 Td (level ) Tj ET Q q 0 0 0 rg BT 145.92 578.90 Td (within ) Tj ET Q q 0 0 0 rg BT 168.37 578.90 Td (the ) Tj ET Q q 0 0 0 rg BT 180.14 578.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 193.24 578.90 Td (value ) Tj ET Q q 0 0 0 rg BT 212.57 578.90 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 244.77 578.90 Td (is ) Tj ET Q q 0 0 0 rg BT 252.11 578.90 Td (based ) Tj ET Q q 0 0 0 rg BT 272.32 578.90 Td (on ) Tj ET Q q 0 0 0 rg BT 282.32 578.90 Td (the ) Tj ET Q q 0 0 0 rg BT 294.09 578.90 Td (lowest ) Tj ET Q q 0 0 0 rg BT 316.98 578.90 Td (level ) Tj ET Q q 0 0 0 rg BT 334.53 578.90 Td (of ) Tj ET Q q 0 0 0 rg BT 343.19 578.90 Td (any ) Tj ET Q q 0 0 0 rg BT 356.74 578.90 Td (input ) Tj ET Q q 0 0 0 rg BT 375.19 578.90 Td (that ) Tj ET Q q 0 0 0 rg BT 389.18 578.90 Td (is ) Tj ET Q q 0 0 0 rg BT 396.52 578.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 432.29 578.90 Td (to ) Tj ET Q q 0 0 0 rg BT 440.51 578.90 Td (the ) Tj ET Q q 0 0 0 rg BT 452.29 578.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.39 578.90 Td (value ) Tj ET Q q 0 0 0 rg BT 484.71 578.90 Td (measurement.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 563.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 563.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.50 563.30 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 91.68 563.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.99 563.30 Td (position ) Tj ET Q q 0 0 0 rg BT 132.30 563.30 Td (of ) Tj ET Q q 0 0 0 rg BT 141.50 563.30 Td (each ) Tj ET Q q 0 0 0 rg BT 158.69 563.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.20 563.30 Td (instrument ) Tj ET Q q 0 0 0 rg BT 225.96 563.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 259.14 563.30 Td (at ) Tj ET Q q 0 0 0 rg BT 267.45 563.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.09 563.30 Td (value ) Tj ET Q q 0 0 0 rg BT 300.95 563.30 Td (in ) Tj ET Q q 0 0 0 rg BT 309.70 563.30 Td (the ) Tj ET Q q 0 0 0 rg BT 322.01 563.30 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 354.75 563.30 Td (individually ) Tj ET Q q 0 0 0 rg BT 395.95 563.30 Td (based ) Tj ET Q q 0 0 0 rg BT 416.69 563.30 Td (on ) Tj ET Q q 0 0 0 rg BT 427.23 563.30 Td (the ) Tj ET Q q 0 0 0 rg BT 439.54 563.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 471.84 563.30 Td (methodology ) Tj ET Q q 0 0 0 rg BT 516.59 563.30 Td (we ) Tj ET Q q 0 0 0 rg BT 528.46 563.30 Td (apply) Tj ET Q q 0 0 0 rg BT 545.71 563.30 Td (. ) Tj ET Q q 0 0 0 rg BT 550.06 563.30 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 553.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 77.71 553.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 103.27 553.70 Td (of ) Tj ET Q q 0 0 0 rg BT 111.49 553.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.04 553.70 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 181.93 553.70 Td (including ) Tj ET Q q 0 0 0 rg BT 213.71 553.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 229.49 553.70 Td (and ) Tj ET Q q 0 0 0 rg BT 242.60 553.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 258.37 553.70 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 298.37 553.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 327.92 553.70 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 364.34 553.70 Td (and ) Tj ET Q q 0 0 0 rg BT 377.45 553.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 407.00 553.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 433.44 553.70 Td (and ) Tj ET Q q 0 0 0 rg BT 446.55 553.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 472.97 553.70 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 506.31 553.70 Td (approximate ) Tj ET Q q 0 0 0 rg BT 547.85 553.70 Td (their ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 544.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 62.93 544.10 Td (value ) Tj ET Q q 0 0 0 rg BT 82.58 544.10 Td (due ) Tj ET Q q 0 0 0 rg BT 96.46 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.01 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.11 544.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 152.77 544.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 175.08 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.07 544.10 Td (these ) Tj ET Q q 0 0 0 rg BT 202.84 544.10 Td (items. ) Tj ET Q q 0 0 0 rg BT 224.33 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 239.10 544.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 252.53 544.10 Td (value ) Tj ET Q q 0 0 0 rg BT 272.18 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.17 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.16 544.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 317.38 544.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 335.26 544.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 346.91 544.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 373.23 544.10 Td (therein\) ) Tj ET Q q 0 0 0 rg BT 400.43 544.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.10 544.10 Td (included ) Tj ET Q q 0 0 0 rg BT 437.97 544.10 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.52 544.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.40 544.10 Td (5, ) Tj ET Q q 0 0 0 rg BT 472.73 544.10 Td ("Long-term ) Tj ET Q q 0 0 0 rg BT 512.53 544.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 530.41 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.29 544.10 Td (Other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 534.50 Td (Financing ) Tj ET Q q 0 0 0 rg BT 83.05 534.50 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.64 534.50 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 518.90 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.29 518.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 105.94 518.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.94 518.90 Td (, ) Tj ET Q q 0 0 0 rg BT 125.73 518.90 Td (we ) Tj ET Q q 0 0 0 rg BT 136.84 518.90 Td (had ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 150.18 518.90 Td (no) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.18 518.90 Td ( ) Tj ET Q q 0 0 0 rg BT 159.97 518.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.74 518.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 228.86 518.90 Td (carried ) Tj ET Q q 0 0 0 rg BT 252.85 518.90 Td (at ) Tj ET Q q 0 0 0 rg BT 260.41 518.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 273.30 518.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 294.28 518.90 Td (The ) Tj ET Q q 0 0 0 rg BT 308.51 518.90 Td (previously ) Tj ET Q q 0 0 0 rg BT 344.07 518.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 383.19 518.90 Td (option, ) Tj ET Q q 0 0 0 rg BT 407.42 518.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 432.75 518.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 446.53 518.90 Td (swap ) Tj ET Q q 0 0 0 rg BT 464.76 518.90 Td (and ) Tj ET Q q 0 0 0 rg BT 478.09 518.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 507.86 518.90 Td (swap ) Tj ET Q q 0 0 0 rg BT 526.09 518.90 Td (agreements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 509.30 Td (\(see ) Tj ET Q q 0 0 0 rg BT 63.98 509.30 Td ("Share ) Tj ET Q q 0 0 0 rg BT 87.07 509.30 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 128.76 509.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 165.90 509.30 Td (and ) Tj ET Q q 0 0 0 rg BT 179.06 509.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 211.77 509.30 Td (Option", ) Tj ET Q q 0 0 0 rg BT 240.86 509.30 Td ("Interest ) Tj ET Q q 0 0 0 rg BT 269.72 509.30 Td (Rate ) Tj ET Q q 0 0 0 rg BT 285.98 509.30 Td (Risk" ) Tj ET Q q 0 0 0 rg BT 305.52 509.30 Td (and ) Tj ET Q q 0 0 0 rg BT 318.68 509.30 Td ("Currency ) Tj ET Q q 0 0 0 rg BT 353.31 509.30 Td (Risk" ) Tj ET Q q 0 0 0 rg BT 372.85 509.30 Td (sections ) Tj ET Q q 0 0 0 rg BT 400.23 509.30 Td (below\) ) Tj ET Q q 0 0 0 rg BT 424.05 509.30 Td (were ) Tj ET Q q 0 0 0 rg BT 441.20 509.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 470.78 509.30 Td (at ) Tj ET Q q 0 0 0 rg BT 478.16 509.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.86 509.30 Td (value ) Tj ET Q q 0 0 0 rg BT 509.79 509.30 Td (using ) Tj ET Q q 0 0 0 rg BT 528.73 509.30 Td (significant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 499.70 Td (Level ) Tj ET Q q 0 0 0 rg BT 69.71 499.70 Td (2 ) Tj ET Q q 0 0 0 rg BT 75.71 499.70 Td (inputs.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 484.10 Td (change ) Tj ET Q q 0 0 0 rg BT 88.59 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.81 484.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 109.91 484.10 Td (value ) Tj ET Q q 0 0 0 rg BT 129.24 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.90 484.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 175.00 484.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 210.32 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.10 484.10 Td (following ) Tj ET Q q 0 0 0 rg BT 255.21 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.54 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.31 484.10 Td (years ) Tj ET Q q 0 0 0 rg BT 297.19 484.10 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.29 484.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 365.16 484.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.16 484.10 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.16 484.10 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.16 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.16 484.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.71 484.10 Td (201) Tj ET Q q 0 0 0 rg BT 428.41 484.10 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.41 484.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 445.60 278.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 445.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 445.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 445.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 445.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 415.60 278.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 415.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 415.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 415.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 415.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 385.60 278.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 385.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 385.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 385.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 385.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 385.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328 460.6 m 403 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 403 460.6 m 407 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407 460.6 m 482 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482 460.6 m 486 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486 460.6 m 561 460.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328 445.6 m 403 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407 445.6 m 482 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486 445.6 m 561 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328 445.6 m 403 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 407 445.6 m 482 445.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486 445.6 m 561 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 370.6 m 403 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 356.6 m 403 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 354.6 m 403 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 370.6 m 482 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 356.6 m 482 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 354.6 m 482 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 370.6 m 561 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 356.6 m 561 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 354.6 m 561 354.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.75 464.83 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.50 449.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 462.50 449.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.90 449.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 434.85 Td (Share subscription agreement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 434.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.80 434.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 434.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.80 434.85 Td (22,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 434.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.80 434.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 419.85 Td (Company option) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.80 419.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.80 419.85 Td (24,953) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.80 419.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 404.85 Td (Interest rate swap) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.80 404.85 Td (104) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 404.85 Td (573) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.80 404.85 Td (323) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 389.85 Td (Currency swap) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.80 389.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 389.85 Td (665) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.80 389.85 Td (6,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 374.85 Td (Call option) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.80 374.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 374.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.80 374.85 Td (180) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 359.85 Td (Change in fair value of derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 359.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.80 359.85 Td (104) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 359.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.80 359.85 Td (49,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.50 359.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 539.80 359.85 Td (7,281) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 337.50 Td (Shar) Tj ET Q q 0 0 0 rg BT 64.32 337.50 Td (e ) Tj ET Q q 0 0 0 rg BT 69.87 337.50 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 112.17 337.50 Td (Agr) Tj ET Q q 0 0 0 rg BT 123.87 337.50 Td (eements ) Tj ET Q q 0 0 0 rg BT 151.64 337.50 Td (and ) Tj ET Q q 0 0 0 rg BT 165.64 337.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.30 337.50 Td (Option) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 321.90 Td (On ) Tj ET Q q 0 0 0 rg BT 60.68 321.90 Td (April ) Tj ET Q q 0 0 0 rg BT 79.37 321.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 91.17 321.90 Td (2012, ) Tj ET Q q 0 0 0 rg BT 110.97 321.90 Td (in ) Tj ET Q q 0 0 0 rg BT 119.00 321.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 147.02 321.90 Td (to ) Tj ET Q q 0 0 0 rg BT 155.04 321.90 Td (and ) Tj ET Q q 0 0 0 rg BT 168.40 321.90 Td (in ) Tj ET Q q 0 0 0 rg BT 176.42 321.90 Td (contemplation ) Tj ET Q q 0 0 0 rg BT 223.99 321.90 Td (of ) Tj ET Q q 0 0 0 rg BT 232.45 321.90 Td (the ) Tj ET Q q 0 0 0 rg BT 243.90 321.90 Td (T) Tj ET Q q 0 0 0 rg BT 248.50 321.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 262.17 321.90 Td (W) Tj ET Q q 0 0 0 rg BT 269.08 321.90 Td (arner ) Tj ET Q q 0 0 0 rg BT 287.18 321.90 Td (T) Tj ET Q q 0 0 0 rg BT 291.51 321.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 305.75 321.90 Td (Loan ) Tj ET Q q 0 0 0 rg BT 323.99 321.90 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 354.72 321.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 392.06 321.90 Td (dated ) Tj ET Q q 0 0 0 rg BT 410.79 321.90 Td (April ) Tj ET Q q 0 0 0 rg BT 429.48 321.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 441.28 321.90 Td (2012 ) Tj ET Q q 0 0 0 rg BT 459.08 321.90 Td (between ) Tj ET Q q 0 0 0 rg BT 487.54 321.90 Td (CME ) Tj ET Q q 0 0 0 rg BT 506.67 321.90 Td (and ) Tj ET Q q 0 0 0 rg BT 519.90 321.90 Td (T) Tj ET Q q 0 0 0 rg BT 524.50 321.90 Td (ime ) Tj ET Q q 0 0 0 rg BT 538.17 321.90 Td (W) Tj ET Q q 0 0 0 rg BT 545.08 321.90 Td (arner ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 312.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 63.50 312.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 77.72 312.30 Td ("TW) Tj ET Q q 0 0 0 rg BT 93.28 312.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.06 312.30 Td (Credit ) Tj ET Q q 0 0 0 rg BT 116.45 312.30 Td (Agreement"\), ) Tj ET Q q 0 0 0 rg BT 161.70 312.30 Td (we ) Tj ET Q q 0 0 0 rg BT 172.81 312.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 198.13 312.30 Td (into ) Tj ET Q q 0 0 0 rg BT 212.36 312.30 Td (a ) Tj ET Q q 0 0 0 rg BT 217.69 312.30 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 259.92 312.30 Td (and ) Tj ET Q q 0 0 0 rg BT 273.26 312.30 Td (Equity ) Tj ET Q q 0 0 0 rg BT 296.37 312.30 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 339.98 312.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 377.31 312.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 391.53 312.30 Td (Equity ) Tj ET Q q 0 0 0 rg BT 418.19 312.30 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 461.81 312.30 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 505.34 312.30 Td (with ) Tj ET Q q 0 0 0 rg BT 521.22 312.30 Td (TW) Tj ET Q q 0 0 0 rg BT 533.51 312.30 Td ( ) Tj ET Q q 0 0 0 rg BT 535.30 312.30 Td (Investor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 302.70 Td (whereby ) Tj ET Q q 0 0 0 rg BT 78.93 302.70 Td (we ) Tj ET Q q 0 0 0 rg BT 90.15 302.70 Td (agreed ) Tj ET Q q 0 0 0 rg BT 113.36 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 121.47 302.70 Td (issue ) Tj ET Q q 0 0 0 rg BT 139.36 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 147.33 302.70 Td (TW) Tj ET Q q 0 0 0 rg BT 159.63 302.70 Td ( ) Tj ET Q q 0 0 0 rg BT 161.52 302.70 Td (Investor ) Tj ET Q q 0 0 0 rg BT 189.62 302.70 Td (at ) Tj ET Q q 0 0 0 rg BT 197.28 302.70 Td (a ) Tj ET Q q 0 0 0 rg BT 202.72 302.70 Td (price ) Tj ET Q q 0 0 0 rg BT 220.60 302.70 Td (of ) Tj ET Q q 0 0 0 rg BT 229.16 302.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.27 302.70 Td (7.51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.27 302.70 Td ( ) Tj ET Q q 0 0 0 rg BT 261.16 302.70 Td (per ) Tj ET Q q 0 0 0 rg BT 273.27 302.70 Td (share ) Tj ET Q q 0 0 0 rg BT 292.04 302.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 306.36 302.70 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 340.68 302.70 Td (Price\), ) Tj ET Q q 0 0 0 rg BT 367.22 302.70 Td (the ) Tj ET Q q 0 0 0 rg BT 378.89 302.70 Td (number ) Tj ET Q q 0 0 0 rg BT 405.21 302.70 Td (of ) Tj ET Q q 0 0 0 rg BT 413.77 302.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 435.65 302.70 Td (of ) Tj ET Q q 0 0 0 rg BT 444.20 302.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 463.01 302.70 Td (A) Tj ET Q q 0 0 0 rg BT 468.35 302.70 Td ( ) Tj ET Q q 0 0 0 rg BT 470.24 302.70 Td (common ) Tj ET Q q 0 0 0 rg BT 500.12 302.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 518.90 302.70 Td (such ) Tj ET Q q 0 0 0 rg BT 535.45 302.70 Td (that ) Tj ET Q q 0 0 0 rg BT 549.20 302.70 Td (TW) Tj ET Q q 0 0 0 rg BT 561.50 302.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 77.67 293.10 Td (would ) Tj ET Q q 0 0 0 rg BT 99.62 293.10 Td (own ) Tj ET Q q 0 0 0 rg BT 115.35 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.85 293.10 Td (number ) Tj ET Q q 0 0 0 rg BT 147.24 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.85 293.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 177.79 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.41 293.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 205.27 293.10 Td (A) Tj ET Q q 0 0 0 rg BT 210.60 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.55 293.10 Td (common ) Tj ET Q q 0 0 0 rg BT 242.50 293.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 261.34 293.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 280.61 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.79 293.10 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.29 293.10 Td (40%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.95 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.91 293.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 336.40 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.58 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.30 293.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 389.36 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.31 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.82 293.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 428.99 293.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 446.94 293.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 463.10 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 470.83 293.10 Td (least ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.44 293.10 Td (9.5 ) Tj ET Q q 0 0 0 rg BT 499.39 293.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.50 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.45 293.10 Td (shares\) ) Tj ET Q q 0 0 0 rg BT 549.06 293.10 Td (\(the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 283.50 Td (TW) Tj ET Q q 0 0 0 rg BT 65.34 283.50 Td ( ) Tj ET Q q 0 0 0 rg BT 67.00 283.50 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 109.10 283.50 Td (Shares\). ) Tj ET Q q 0 0 0 rg BT 140.18 283.50 Td (The ) Tj ET Q q 0 0 0 rg BT 154.27 283.50 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 184.81 283.50 Td (Price ) Tj ET Q q 0 0 0 rg BT 202.90 283.50 Td (was ) Tj ET Q q 0 0 0 rg BT 216.99 283.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 235.97 283.50 Td (to ) Tj ET Q q 0 0 0 rg BT 243.85 283.50 Td (the ) Tj ET Q q 0 0 0 rg BT 255.28 283.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 292.60 283.50 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 350.24 283.50 Td (average ) Tj ET Q q 0 0 0 rg BT 376.76 283.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 401.53 283.50 Td (share ) Tj ET Q q 0 0 0 rg BT 420.06 283.50 Td (price ) Tj ET Q q 0 0 0 rg BT 437.70 283.50 Td (on ) Tj ET Q q 0 0 0 rg BT 447.36 283.50 Td (the ) Tj ET Q q 0 0 0 rg BT 458.79 283.50 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 493.78 283.50 Td (Global ) Tj ET Q q 0 0 0 rg BT 517.21 283.50 Td (Select ) Tj ET Q q 0 0 0 rg BT 538.41 283.50 Td (Market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 273.90 Td (for ) Tj ET Q q 0 0 0 rg BT 60.83 273.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 72.60 273.90 Td (20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.60 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.60 273.90 Td (trading ) Tj ET Q q 0 0 0 rg BT 107.26 273.90 Td (days ) Tj ET Q q 0 0 0 rg BT 123.93 273.90 Td (immediately ) Tj ET Q q 0 0 0 rg BT 165.91 273.90 Td (preceding ) Tj ET Q q 0 0 0 rg BT 199.45 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 211.23 273.90 Td (signing ) Tj ET Q q 0 0 0 rg BT 236.79 273.90 Td (of ) Tj ET Q q 0 0 0 rg BT 245.45 273.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.22 273.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 280.55 273.90 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 324.34 273.90 Td (Agreement. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 258.30 Td (This ) Tj ET Q q 0 0 0 rg BT 65.54 258.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 92.67 258.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 106.92 258.30 Td (of ) Tj ET Q q 0 0 0 rg BT 115.39 258.30 Td (the ) Tj ET Q q 0 0 0 rg BT 126.85 258.30 Td (TW) Tj ET Q q 0 0 0 rg BT 139.14 258.30 Td ( ) Tj ET Q q 0 0 0 rg BT 140.96 258.30 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 183.21 258.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 206.35 258.30 Td (was ) Tj ET Q q 0 0 0 rg BT 220.61 258.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 257.07 258.30 Td (to ) Tj ET Q q 0 0 0 rg BT 265.11 258.30 Td (be ) Tj ET Q q 0 0 0 rg BT 274.47 258.30 Td (a ) Tj ET Q q 0 0 0 rg BT 279.83 258.30 Td (derivative ) Tj ET Q q 0 0 0 rg BT 313.63 258.30 Td (instrument ) Tj ET Q q 0 0 0 rg BT 349.66 258.30 Td (due ) Tj ET Q q 0 0 0 rg BT 363.03 258.30 Td (to ) Tj ET Q q 0 0 0 rg BT 371.06 258.30 Td (the ) Tj ET Q q 0 0 0 rg BT 382.65 258.30 Td (variability ) Tj ET Q q 0 0 0 rg BT 417.34 258.30 Td (in ) Tj ET Q q 0 0 0 rg BT 425.37 258.30 Td (the ) Tj ET Q q 0 0 0 rg BT 436.96 258.30 Td (number ) Tj ET Q q 0 0 0 rg BT 463.21 258.30 Td (of ) Tj ET Q q 0 0 0 rg BT 471.69 258.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 493.49 258.30 Td (to ) Tj ET Q q 0 0 0 rg BT 501.53 258.30 Td (be ) Tj ET Q q 0 0 0 rg BT 510.89 258.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 532.70 258.30 Td (under ) Tj ET Q q 0 0 0 rg BT 552.73 258.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 248.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 69.08 248.70 Td (of ) Tj ET Q q 0 0 0 rg BT 77.56 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 89.14 248.70 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 125.86 248.70 Td (As ) Tj ET Q q 0 0 0 rg BT 136.56 248.70 Td (a ) Tj ET Q q 0 0 0 rg BT 141.92 248.70 Td (result, ) Tj ET Q q 0 0 0 rg BT 163.51 248.70 Td (a ) Tj ET Q q 0 0 0 rg BT 168.87 248.70 Td (derivative ) Tj ET Q q 0 0 0 rg BT 202.66 248.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 229.36 248.70 Td (of ) Tj ET Q q 0 0 0 rg BT 237.83 248.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 285.85 248.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.88 248.70 Td (3.8 ) Tj ET Q q 0 0 0 rg BT 313.69 248.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.81 248.70 Td ( ) Tj ET Q q 0 0 0 rg BT 338.62 248.70 Td (was ) Tj ET Q q 0 0 0 rg BT 352.87 248.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 382.66 248.70 Td (on ) Tj ET Q q 0 0 0 rg BT 392.07 248.70 Td (April ) Tj ET Q q 0 0 0 rg BT 410.76 248.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 422.57 248.70 Td (2012, ) Tj ET Q q 0 0 0 rg BT 442.38 248.70 Td (representing ) Tj ET Q q 0 0 0 rg BT 483.73 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 495.31 248.70 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 523.34 248.70 Td (value ) Tj ET Q q 0 0 0 rg BT 542.48 248.70 Td (of ) Tj ET Q q 0 0 0 rg BT 550.95 248.70 Td (this ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 76.64 239.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 90.90 239.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.72 239.10 Td (that ) Tj ET Q q 0 0 0 rg BT 114.53 239.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 131.54 239.10 Td (The ) Tj ET Q q 0 0 0 rg BT 145.80 239.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 168.95 239.10 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 212.59 239.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 249.95 239.10 Td (was ) Tj ET Q q 0 0 0 rg BT 264.21 239.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 300.68 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.73 239.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.10 239.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 339.91 239.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 349.95 239.10 Td (although ) Tj ET Q q 0 0 0 rg BT 379.77 239.10 Td (separable ) Tj ET Q q 0 0 0 rg BT 411.79 239.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 431.16 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.62 239.10 Td (TW) Tj ET Q q 0 0 0 rg BT 454.92 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.73 239.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 478.15 239.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 517.38 239.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 552.73 239.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 229.50 Td (char) Tj ET Q q 0 0 0 rg BT 63.12 229.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 72.33 229.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 95.77 229.50 Td (from ) Tj ET Q q 0 0 0 rg BT 112.98 229.50 Td (recognition ) Tj ET Q q 0 0 0 rg BT 151.07 229.50 Td (of ) Tj ET Q q 0 0 0 rg BT 159.39 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 170.83 229.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 204.47 229.50 Td (liability ) Tj ET Q q 0 0 0 rg BT 231.02 229.50 Td (was ) Tj ET Q q 0 0 0 rg BT 245.12 229.50 Td (amortized ) Tj ET Q q 0 0 0 rg BT 278.77 229.50 Td (over ) Tj ET Q q 0 0 0 rg BT 294.64 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.07 229.50 Td (remaining ) Tj ET Q q 0 0 0 rg BT 340.17 229.50 Td (life ) Tj ET Q q 0 0 0 rg BT 352.49 229.50 Td (of ) Tj ET Q q 0 0 0 rg BT 360.81 229.50 Td (the ) Tj ET Q q 0 0 0 rg BT 372.13 229.50 Td (TW) Tj ET Q q 0 0 0 rg BT 384.42 229.50 Td ( ) Tj ET Q q 0 0 0 rg BT 386.08 229.50 Td (Credit ) Tj ET Q q 0 0 0 rg BT 407.37 229.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 444.57 229.50 Td (as ) Tj ET Q q 0 0 0 rg BT 452.89 229.50 Td (a ) Tj ET Q q 0 0 0 rg BT 458.10 229.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 473.54 229.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 502.30 229.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 516.85 229.50 Td (within ) Tj ET Q q 0 0 0 rg BT 538.95 229.50 Td (interest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 219.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 76.66 219.90 Td (in ) Tj ET Q q 0 0 0 rg BT 84.28 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 95.45 219.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 137.28 219.90 Td (statement ) Tj ET Q q 0 0 0 rg BT 169.33 219.90 Td (of ) Tj ET Q q 0 0 0 rg BT 177.39 219.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 212.11 219.90 Td (and ) Tj ET Q q 0 0 0 rg BT 225.05 219.90 Td (other ) Tj ET Q q 0 0 0 rg BT 242.89 219.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 292.71 219.90 Td (income. ) Tj ET Q q 0 0 0 rg BT 319.55 219.90 Td (The ) Tj ET Q q 0 0 0 rg BT 333.28 219.90 Td (TW) Tj ET Q q 0 0 0 rg BT 345.58 219.90 Td ( ) Tj ET Q q 0 0 0 rg BT 346.97 219.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 368.05 219.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 404.99 219.90 Td (was ) Tj ET Q q 0 0 0 rg BT 418.83 219.90 Td (ef) Tj ET Q q 0 0 0 rg BT 424.90 219.90 Td (fectively ) Tj ET Q q 0 0 0 rg BT 454.28 219.90 Td (terminated ) Tj ET Q q 0 0 0 rg BT 489.88 219.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 507.27 219.90 Td (the ) Tj ET Q q 0 0 0 rg BT 518.44 219.90 Td (June ) Tj ET Q q 0 0 0 rg BT 534.50 219.90 Td (27,2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 210.30 Td (exercise ) Tj ET Q q 0 0 0 rg BT 77.84 210.30 Td (of ) Tj ET Q q 0 0 0 rg BT 86.63 210.30 Td (the ) Tj ET Q q 0 0 0 rg BT 98.54 210.30 Td (option ) Tj ET Q q 0 0 0 rg BT 121.12 210.30 Td (discussed ) Tj ET Q q 0 0 0 rg BT 153.92 210.30 Td (further ) Tj ET Q q 0 0 0 rg BT 177.82 210.30 Td (below) Tj ET Q q 0 0 0 rg BT 196.85 210.30 Td (, ) Tj ET Q q 0 0 0 rg BT 200.98 210.30 Td (so ) Tj ET Q q 0 0 0 rg BT 210.23 210.30 Td (the ) Tj ET Q q 0 0 0 rg BT 222.14 210.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 256.71 210.30 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 298.82 210.30 Td (char) Tj ET Q q 0 0 0 rg BT 312.44 210.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 322.13 210.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 346.04 210.30 Td (from ) Tj ET Q q 0 0 0 rg BT 363.72 210.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.63 210.30 Td (initial ) Tj ET Q q 0 0 0 rg BT 396.43 210.30 Td (recognition ) Tj ET Q q 0 0 0 rg BT 434.99 210.30 Td (of ) Tj ET Q q 0 0 0 rg BT 443.79 210.30 Td (the ) Tj ET Q q 0 0 0 rg BT 455.70 210.30 Td (derivative ) Tj ET Q q 0 0 0 rg BT 489.82 210.30 Td (was ) Tj ET Q q 0 0 0 rg BT 504.39 210.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 541.62 210.30 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 200.70 Td (three ) Tj ET Q q 0 0 0 rg BT 79.26 200.70 Td (months ) Tj ET Q q 0 0 0 rg BT 104.82 200.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 125.92 200.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 154.59 200.70 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.76 185.10 Td (9.9 ) Tj ET Q q 0 0 0 rg BT 75.58 185.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 98.69 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.38 185.10 Td (TW) Tj ET Q q 0 0 0 rg BT 112.67 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.49 185.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 156.75 185.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 179.90 185.10 Td (were ) Tj ET Q q 0 0 0 rg BT 197.26 185.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 219.08 185.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.90 185.10 Td (June ) Tj ET Q q 0 0 0 rg BT 245.39 185.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 257.21 185.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 277.02 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.40 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.88 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.25 185.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 325.84 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.43 185.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 371.24 185.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 407.28 185.10 Td (was ) Tj ET Q q 0 0 0 rg BT 421.54 185.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 444.24 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.72 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.21 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.02 185.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 492.03 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 506.29 185.10 Td (change ) Tj ET Q q 0 0 0 rg BT 530.76 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.80 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.40 185.10 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 175.50 Td (value ) Tj ET Q q 0 0 0 rg BT 68.71 175.50 Td (of ) Tj ET Q q 0 0 0 rg BT 77.25 175.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.91 175.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 122.77 175.50 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 160.87 175.50 Td (as ) Tj ET Q q 0 0 0 rg BT 169.42 175.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 201.95 175.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 243.82 175.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 261.26 175.50 Td (to ) Tj ET Q q 0 0 0 rg BT 269.36 175.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 298.34 175.50 Td (of ) Tj ET Q q 0 0 0 rg BT 306.89 175.50 Td (the ) Tj ET Q q 0 0 0 rg BT 318.55 175.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 342.42 175.50 Td (resulted ) Tj ET Q q 0 0 0 rg BT 369.63 175.50 Td (in ) Tj ET Q q 0 0 0 rg BT 377.73 175.50 Td (a ) Tj ET Q q 0 0 0 rg BT 383.16 175.50 Td (net ) Tj ET Q q 0 0 0 rg BT 394.82 175.50 Td (gain ) Tj ET Q q 0 0 0 rg BT 410.47 175.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.02 175.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.13 175.50 Td (22.8 ) Tj ET Q q 0 0 0 rg BT 451.01 175.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.12 175.50 Td (, ) Tj ET Q q 0 0 0 rg BT 478.00 175.50 Td (which ) Tj ET Q q 0 0 0 rg BT 499.44 175.50 Td (was ) Tj ET Q q 0 0 0 rg BT 513.76 175.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 543.62 175.50 Td (in ) Tj ET Q q 0 0 0 rg BT 551.73 175.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 165.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.67 165.90 Td (statement ) Tj ET Q q 0 0 0 rg BT 124.07 165.90 Td (of ) Tj ET Q q 0 0 0 rg BT 132.47 165.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 167.54 165.90 Td (and ) Tj ET Q q 0 0 0 rg BT 180.83 165.90 Td (other ) Tj ET Q q 0 0 0 rg BT 199.00 165.90 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 249.17 165.90 Td (income ) Tj ET Q q 0 0 0 rg BT 274.45 165.90 Td (and ) Tj ET Q q 0 0 0 rg BT 287.74 165.90 Td (in ) Tj ET Q q 0 0 0 rg BT 295.71 165.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.22 165.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 349.39 165.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 375.56 165.90 Td (sheet ) Tj ET Q q 0 0 0 rg BT 393.73 165.90 Td (in ) Tj ET Q q 0 0 0 rg BT 401.69 165.90 Td (other ) Tj ET Q q 0 0 0 rg BT 419.87 165.90 Td (current ) Tj ET Q q 0 0 0 rg BT 444.26 165.90 Td (assets. ) Tj ET Q q 0 0 0 rg BT 466.54 165.90 Td (This ) Tj ET Q q 0 0 0 rg BT 482.50 165.90 Td (instrument ) Tj ET Q q 0 0 0 rg BT 518.46 165.90 Td (was ) Tj ET Q q 0 0 0 rg BT 532.64 165.90 Td (allocated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 156.30 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 156.30 Td (Level ) Tj ET Q q 0 0 0 rg BT 77.93 156.30 Td (2 ) Tj ET Q q 0 0 0 rg BT 83.93 156.30 Td (within ) Tj ET Q q 0 0 0 rg BT 106.38 156.30 Td (the ) Tj ET Q q 0 0 0 rg BT 118.15 156.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 131.25 156.30 Td (value ) Tj ET Q q 0 0 0 rg BT 150.58 156.30 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 182.78 156.30 Td (because ) Tj ET Q q 0 0 0 rg BT 210.10 156.30 Td (the ) Tj ET Q q 0 0 0 rg BT 221.87 156.30 Td (critical ) Tj ET Q q 0 0 0 rg BT 246.08 156.30 Td (input ) Tj ET Q q 0 0 0 rg BT 264.52 156.30 Td (in ) Tj ET Q q 0 0 0 rg BT 272.75 156.30 Td (its ) Tj ET Q q 0 0 0 rg BT 282.30 156.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 314.07 156.30 Td (was ) Tj ET Q q 0 0 0 rg BT 328.52 156.30 Td (readily ) Tj ET Q q 0 0 0 rg BT 352.73 156.30 Td (observable.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 140.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.22 140.70 Td (a ) Tj ET Q q 0 0 0 rg BT 76.51 140.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 104.44 140.70 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 141.48 140.70 Td (RSL) Tj ET Q q 0 0 0 rg BT 155.86 140.70 Td ( ) Tj ET Q q 0 0 0 rg BT 157.59 140.70 Td (Capital ) Tj ET Q q 0 0 0 rg BT 182.43 140.70 Td (LLC ) Tj ET Q q 0 0 0 rg BT 199.27 140.70 Td (subscribed ) Tj ET Q q 0 0 0 rg BT 235.21 140.70 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.27 140.70 Td (2.0 ) Tj ET Q q 0 0 0 rg BT 258.01 140.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.12 140.70 Td ( ) Tj ET Q q 0 0 0 rg BT 282.85 140.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 304.57 140.70 Td (of ) Tj ET Q q 0 0 0 rg BT 312.97 140.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 331.65 140.70 Td (A) Tj ET Q q 0 0 0 rg BT 336.99 140.70 Td ( ) Tj ET Q q 0 0 0 rg BT 338.72 140.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 370.23 140.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 390.19 140.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.58 140.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.09 140.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 442.93 140.70 Td (at ) Tj ET Q q 0 0 0 rg BT 450.44 140.70 Td (a ) Tj ET Q q 0 0 0 rg BT 455.72 140.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 473.89 140.70 Td (price ) Tj ET Q q 0 0 0 rg BT 491.61 140.70 Td (per ) Tj ET Q q 0 0 0 rg BT 503.55 140.70 Td (share ) Tj ET Q q 0 0 0 rg BT 522.16 140.70 Td (of ) Tj ET Q q 0 0 0 rg BT 530.56 140.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.52 140.70 Td (7.51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 560.52 140.70 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 79.72 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.17 131.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 121.48 131.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 152.14 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.03 131.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.48 131.10 Td (15.0 ) Tj ET Q q 0 0 0 rg BT 193.70 131.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.81 131.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.55 131.10 Td (As ) Tj ET Q q 0 0 0 rg BT 231.66 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.66 131.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 285.00 131.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 311.22 131.10 Td (was ) Tj ET Q q 0 0 0 rg BT 325.88 131.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 344.54 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.32 131.10 Td (no ) Tj ET Q q 0 0 0 rg BT 368.54 131.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 403.65 131.10 Td (existed, ) Tj ET Q q 0 0 0 rg BT 430.53 131.10 Td (this ) Tj ET Q q 0 0 0 rg BT 444.32 131.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 470.54 131.10 Td (was ) Tj ET Q q 0 0 0 rg BT 485.20 131.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 515.41 131.10 Td (as ) Tj ET Q q 0 0 0 rg BT 524.30 131.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 546.52 131.10 Td (upon ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 121.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 121.50 Td (transfer ) Tj ET Q q 0 0 0 rg BT 87.70 121.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.37 121.50 Td (funds ) Tj ET Q q 0 0 0 rg BT 116.14 121.50 Td (on ) Tj ET Q q 0 0 0 rg BT 126.14 121.50 Td (June ) Tj ET Q q 0 0 0 rg BT 142.81 121.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 154.81 121.50 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 105.90 Td (In ) Tj ET Q q 0 0 0 rg BT 57.81 105.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.68 105.90 Td (under ) Tj ET Q q 0 0 0 rg BT 107.55 105.90 Td (the ) Tj ET Q q 0 0 0 rg BT 118.97 105.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 141.95 105.90 Td (Commitment ) Tj ET Q q 0 0 0 rg BT 185.46 105.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 224.53 105.90 Td (TW) Tj ET Q q 0 0 0 rg BT 236.82 105.90 Td ( ) Tj ET Q q 0 0 0 rg BT 238.47 105.90 Td (Investor ) Tj ET Q q 0 0 0 rg BT 266.33 105.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 291.97 105.90 Td (to ) Tj ET Q q 0 0 0 rg BT 299.84 105.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.27 105.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.03 105.90 Td (an ) Tj ET Q q 0 0 0 rg BT 353.23 105.90 Td (option ) Tj ET Q q 0 0 0 rg BT 375.32 105.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 389.41 105.90 Td ("Company ) Tj ET Q q 0 0 0 rg BT 425.43 105.90 Td (Option"\) ) Tj ET Q q 0 0 0 rg BT 455.23 105.90 Td (to ) Tj ET Q q 0 0 0 rg BT 463.11 105.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 482.40 105.90 Td (TW) Tj ET Q q 0 0 0 rg BT 494.69 105.90 Td ( ) Tj ET Q q 0 0 0 rg BT 496.34 105.90 Td (Investor ) Tj ET Q q 0 0 0 rg BT 524.21 105.90 Td (to ) Tj ET Q q 0 0 0 rg BT 532.08 105.90 Td (purchase, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 96.30 Td (and ) Tj ET Q q 0 0 0 rg BT 62.98 96.30 Td (the ) Tj ET Q q 0 0 0 rg BT 74.68 96.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.72 96.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 133.64 96.30 Td (to ) Tj ET Q q 0 0 0 rg BT 141.65 96.30 Td (TW) Tj ET Q q 0 0 0 rg BT 153.94 96.30 Td ( ) Tj ET Q q 0 0 0 rg BT 155.87 96.30 Td (Investor ) Tj ET Q q 0 0 0 rg BT 184.01 96.30 Td (an ) Tj ET Q q 0 0 0 rg BT 193.49 96.30 Td (option ) Tj ET Q q 0 0 0 rg BT 215.87 96.30 Td (to ) Tj ET Q q 0 0 0 rg BT 224.02 96.30 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 256.38 96.30 Td (at ) Tj ET Q q 0 0 0 rg BT 264.08 96.30 Td (the ) Tj ET Q q 0 0 0 rg BT 275.78 96.30 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 306.59 96.30 Td (Price, ) Tj ET Q q 0 0 0 rg BT 326.96 96.30 Td (the ) Tj ET Q q 0 0 0 rg BT 338.66 96.30 Td (number ) Tj ET Q q 0 0 0 rg BT 365.02 96.30 Td (of ) Tj ET Q q 0 0 0 rg BT 373.62 96.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 395.54 96.30 Td (of ) Tj ET Q q 0 0 0 rg BT 404.13 96.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 422.97 96.30 Td (A) Tj ET Q q 0 0 0 rg BT 428.31 96.30 Td ( ) Tj ET Q q 0 0 0 rg BT 430.23 96.30 Td (common ) Tj ET Q q 0 0 0 rg BT 460.16 96.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 478.97 96.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 493.34 96.30 Td (Option ) Tj ET Q q 0 0 0 rg BT 521.04 96.30 Td (Shares\) ) Tj ET Q q 0 0 0 rg BT 550.51 96.30 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 86.70 Td (would ) Tj ET Q q 0 0 0 rg BT 71.44 86.70 Td (generate ) Tj ET Q q 0 0 0 rg BT 100.46 86.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 130.83 86.70 Td (to ) Tj ET Q q 0 0 0 rg BT 138.99 86.70 Td (repay ) Tj ET Q q 0 0 0 rg BT 158.69 86.70 Td (the ) Tj ET Q q 0 0 0 rg BT 170.40 86.70 Td (then ) Tj ET Q q 0 0 0 rg BT 186.11 86.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 225.38 86.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 255.75 86.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.68 86.70 Td (drawn ) Tj ET Q q 0 0 0 rg BT 303.61 86.70 Td (under ) Tj ET Q q 0 0 0 rg BT 323.76 86.70 Td (the ) Tj ET Q q 0 0 0 rg BT 335.33 86.70 Td (TW) Tj ET Q q 0 0 0 rg BT 347.62 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 349.56 86.70 Td (Credit ) Tj ET Q q 0 0 0 rg BT 371.07 86.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 408.54 86.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 422.92 86.70 Td ("TW) Tj ET Q q 0 0 0 rg BT 438.47 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 440.41 86.70 Td (Loans"\), ) Tj ET Q q 0 0 0 rg BT 469.83 86.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 494.42 86.70 Td (to ) Tj ET Q q 0 0 0 rg BT 502.58 86.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 526.28 86.70 Td (limitations, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (including ) Tj ET Q q 0 0 0 rg BT 81.95 77.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 119.73 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 133.79 77.10 Td (TW) Tj ET Q q 0 0 0 rg BT 146.09 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.32 77.10 Td (Investor ) Tj ET Q q 0 0 0 rg BT 176.77 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.55 77.10 Td (its ) Tj ET Q q 0 0 0 rg BT 200.34 77.10 Td (af) Tj ET Q q 0 0 0 rg BT 206.41 77.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 230.41 77.10 Td (may ) Tj ET Q q 0 0 0 rg BT 246.41 77.10 Td (not ) Tj ET Q q 0 0 0 rg BT 258.87 77.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 284.64 77.10 Td (any ) Tj ET Q q 0 0 0 rg BT 298.42 77.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 320.64 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.87 77.10 Td (could ) Tj ET Q q 0 0 0 rg BT 354.88 77.10 Td (result ) Tj ET Q q 0 0 0 rg BT 374.88 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.34 77.10 Td (their ) Tj ET Q q 0 0 0 rg BT 400.23 77.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 433.99 77.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 469.55 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.01 77.10 Td (ef) Tj ET Q q 0 0 0 rg BT 484.08 77.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 498.30 77.10 Td (exceeding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.96 77.10 Td (49.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.62 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.85 77.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 67.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 67.50 Td (total ) Tj ET Q q 0 0 0 rg BT 77.49 67.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 116.82 67.50 Td (voting ) Tj ET Q q 0 0 0 rg BT 139.27 67.50 Td (securities ) Tj ET Q q 0 0 0 rg BT 171.48 67.50 Td (of ) Tj ET Q q 0 0 0 rg BT 180.14 67.50 Td (the ) Tj ET Q q 0 0 0 rg BT 191.92 67.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.03 67.50 Td (on ) Tj ET Q q 0 0 0 rg BT 235.03 67.50 Td (the ) Tj ET Q q 0 0 0 rg BT 246.80 67.50 Td (date ) Tj ET Q q 0 0 0 rg BT 262.13 67.50 Td (of ) Tj ET Q q 0 0 0 rg BT 270.79 67.50 Td (exercise.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.98 723.50 Td (instrument ) Tj ET Q q 0 0 0 rg BT 100.25 723.50 Td (for ) Tj ET Q q 0 0 0 rg BT 111.63 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 123.45 723.50 Td (Option ) Tj ET Q q 0 0 0 rg BT 147.71 723.50 Td (Shares ) Tj ET Q q 0 0 0 rg BT 171.09 723.50 Td (met ) Tj ET Q q 0 0 0 rg BT 185.13 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 196.95 723.50 Td (definition ) Tj ET Q q 0 0 0 rg BT 230.11 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 238.82 723.50 Td (a ) Tj ET Q q 0 0 0 rg BT 244.41 723.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 278.45 723.50 Td (due ) Tj ET Q q 0 0 0 rg BT 292.04 723.50 Td (to ) Tj ET Q q 0 0 0 rg BT 300.31 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.13 723.50 Td (variability ) Tj ET Q q 0 0 0 rg BT 347.06 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 355.33 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 367.15 723.50 Td (number ) Tj ET Q q 0 0 0 rg BT 393.63 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 402.34 723.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 424.38 723.50 Td (that ) Tj ET Q q 0 0 0 rg BT 438.43 723.50 Td (would ) Tj ET Q q 0 0 0 rg BT 460.47 723.50 Td (be ) Tj ET Q q 0 0 0 rg BT 470.07 723.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 492.12 723.50 Td (under ) Tj ET Q q 0 0 0 rg BT 512.38 723.50 Td (the ) Tj ET Q q 0 0 0 rg BT 524.20 723.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 544.02 723.50 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 723.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (option ) Tj ET Q q 0 0 0 rg BT 71.86 713.90 Td (and ) Tj ET Q q 0 0 0 rg BT 85.33 713.90 Td (was ) Tj ET Q q 0 0 0 rg BT 99.69 713.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 136.25 713.90 Td (embedded ) Tj ET Q q 0 0 0 rg BT 171.04 713.90 Td (within ) Tj ET Q q 0 0 0 rg BT 193.41 713.90 Td (the ) Tj ET Q q 0 0 0 rg BT 204.96 713.90 Td (TW) Tj ET Q q 0 0 0 rg BT 217.25 713.90 Td ( ) Tj ET Q q 0 0 0 rg BT 219.17 713.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 240.66 713.90 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 279.97 713.90 Td (The ) Tj ET Q q 0 0 0 rg BT 294.33 713.90 Td (initial ) Tj ET Q q 0 0 0 rg BT 314.91 713.90 Td (recognition ) Tj ET Q q 0 0 0 rg BT 353.25 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 361.83 713.90 Td (this ) Tj ET Q q 0 0 0 rg BT 375.31 713.90 Td (derivative ) Tj ET Q q 0 0 0 rg BT 409.21 713.90 Td (at ) Tj ET Q q 0 0 0 rg BT 416.90 713.90 Td (a ) Tj ET Q q 0 0 0 rg BT 422.37 713.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 435.38 713.90 Td (value ) Tj ET Q q 0 0 0 rg BT 454.62 713.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.20 713.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 511.33 713.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.47 713.90 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 539.39 713.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 562.50 713.90 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 704.30 Td (on ) Tj ET Q q 0 0 0 rg BT 59.97 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 72.21 704.30 Td (date ) Tj ET Q q 0 0 0 rg BT 88.00 704.30 Td (of ) Tj ET Q q 0 0 0 rg BT 97.14 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 109.38 704.30 Td (first ) Tj ET Q q 0 0 0 rg BT 124.73 704.30 Td (drawing ) Tj ET Q q 0 0 0 rg BT 153.42 704.30 Td (resulted ) Tj ET Q q 0 0 0 rg BT 181.21 704.30 Td (in ) Tj ET Q q 0 0 0 rg BT 189.90 704.30 Td (a ) Tj ET Q q 0 0 0 rg BT 195.92 704.30 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 244.16 704.30 Td (premium ) Tj ET Q q 0 0 0 rg BT 275.51 704.30 Td (on ) Tj ET Q q 0 0 0 rg BT 285.98 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 298.04 704.30 Td (TW) Tj ET Q q 0 0 0 rg BT 310.33 704.30 Td ( ) Tj ET Q q 0 0 0 rg BT 312.80 704.30 Td (Loan ) Tj ET Q q 0 0 0 rg BT 331.71 704.30 Td (balance, ) Tj ET Q q 0 0 0 rg BT 360.60 704.30 Td (and ) Tj ET Q q 0 0 0 rg BT 374.62 704.30 Td (was ) Tj ET Q q 0 0 0 rg BT 389.53 704.30 Td (amortized ) Tj ET Q q 0 0 0 rg BT 423.99 704.30 Td (within ) Tj ET Q q 0 0 0 rg BT 446.90 704.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 472.92 704.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.15 704.30 Td (in ) Tj ET Q q 0 0 0 rg BT 509.84 704.30 Td (the ) Tj ET Q q 0 0 0 rg BT 522.08 704.30 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 694.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 82.16 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 90.82 694.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 126.14 694.70 Td (and ) Tj ET Q q 0 0 0 rg BT 139.70 694.70 Td (other ) Tj ET Q q 0 0 0 rg BT 158.13 694.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 208.56 694.70 Td (income ) Tj ET Q q 0 0 0 rg BT 234.11 694.70 Td (over ) Tj ET Q q 0 0 0 rg BT 250.32 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 262.09 694.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 296.53 694.70 Td (life ) Tj ET Q q 0 0 0 rg BT 309.19 694.70 Td (of ) Tj ET Q q 0 0 0 rg BT 317.85 694.70 Td (the ) Tj ET Q q 0 0 0 rg BT 329.48 694.70 Td (TW) Tj ET Q q 0 0 0 rg BT 341.77 694.70 Td ( ) Tj ET Q q 0 0 0 rg BT 343.77 694.70 Td (Loans.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 679.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 88.89 679.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 117.16 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.89 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.17 679.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 151.77 679.10 Td (value ) Tj ET Q q 0 0 0 rg BT 171.60 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.77 679.10 Td (this ) Tj ET Q q 0 0 0 rg BT 194.84 679.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 229.33 679.10 Td (were ) Tj ET Q q 0 0 0 rg BT 247.37 679.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 277.86 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.59 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.86 679.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 341.80 679.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 374.96 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.13 679.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 419.96 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.02 679.10 Td (other ) Tj ET Q q 0 0 0 rg BT 452.96 679.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 503.89 679.10 Td (income ) Tj ET Q q 0 0 0 rg BT 529.94 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.00 679.10 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 679.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 669.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 91.88 669.50 Td (balance ) Tj ET Q q 0 0 0 rg BT 118.25 669.50 Td (sheet ) Tj ET Q q 0 0 0 rg BT 136.63 669.50 Td (in ) Tj ET Q q 0 0 0 rg BT 144.80 669.50 Td (other ) Tj ET Q q 0 0 0 rg BT 163.18 669.50 Td (current ) Tj ET Q q 0 0 0 rg BT 187.78 669.50 Td (assets. ) Tj ET Q q 0 0 0 rg BT 210.24 669.50 Td (The ) Tj ET Q q 0 0 0 rg BT 224.63 669.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.67 669.50 Td (value ) Tj ET Q q 0 0 0 rg BT 256.94 669.50 Td (of ) Tj ET Q q 0 0 0 rg BT 265.55 669.50 Td (this ) Tj ET Q q 0 0 0 rg BT 279.05 669.50 Td (derivative ) Tj ET Q q 0 0 0 rg BT 312.98 669.50 Td (was ) Tj ET Q q 0 0 0 rg BT 327.37 669.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 359.97 669.50 Td (using ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 275.32 659.90 Td (A) Tj ET Q q 0 0 0 rg BT 280.66 659.90 Td ( ) Tj ET Q q 0 0 0 rg BT 282.86 659.90 Td (common ) Tj ET Q q 0 0 0 rg BT 313.06 659.90 Td (stock, ) Tj ET Q q 0 0 0 rg BT 334.15 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.12 659.90 Td (option ) Tj ET Q q 0 0 0 rg BT 368.77 659.90 Td (strike ) Tj ET Q q 0 0 0 rg BT 388.74 659.90 Td (price, ) Tj ET Q q 0 0 0 rg BT 408.93 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 420.90 659.90 Td (current ) Tj ET Q q 0 0 0 rg BT 445.76 659.90 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 475.05 659.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 500.80 659.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 514.99 659.90 Td (and ) Tj ET Q q 0 0 0 rg BT 528.74 659.90 Td (the ) Tj ET Q q 0 0 0 rg BT 540.72 659.90 Td (known ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 650.30 Td (contractual ) Tj ET Q q 0 0 0 rg BT 87.07 650.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 106.88 650.30 Td (of ) Tj ET Q q 0 0 0 rg BT 115.58 650.30 Td (the ) Tj ET Q q 0 0 0 rg BT 127.39 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467.09 640.70 Td (into ) Tj ET Q q 0 0 0 rg BT 481.51 640.70 Td (its ) Tj ET Q q 0 0 0 rg BT 491.04 640.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 522.78 640.70 Td (were ) Tj ET Q q 0 0 0 rg BT 540.30 640.70 Td (readily ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 631.10 Td (observable.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 615.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 615.50 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 615.50 Td (exercised ) Tj ET Q q 0 0 0 rg BT 94.17 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 105.95 615.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 139.06 615.50 Td (Option ) Tj ET Q q 0 0 0 rg BT 163.28 615.50 Td (on ) Tj ET Q q 0 0 0 rg BT 173.29 615.50 Td (June ) Tj ET Q q 0 0 0 rg BT 189.95 615.50 Td (27, ) Tj ET Q q 0 0 0 rg BT 201.96 615.50 Td (2012, ) Tj ET Q q 0 0 0 rg BT 221.96 615.50 Td (and ) Tj ET Q q 0 0 0 rg BT 235.51 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 247.29 615.50 Td (transaction ) Tj ET Q q 0 0 0 rg BT 284.39 615.50 Td (settled ) Tj ET Q q 0 0 0 rg BT 307.28 615.50 Td (on ) Tj ET Q q 0 0 0 rg BT 317.28 615.50 Td (July ) Tj ET Q q 0 0 0 rg BT 332.62 615.50 Td (3, ) Tj ET Q q 0 0 0 rg BT 340.62 615.50 Td (2012. ) Tj ET Q q 0 0 0 rg BT 360.62 615.50 Td (Due ) Tj ET Q q 0 0 0 rg BT 375.96 615.50 Td (to ) Tj ET Q q 0 0 0 rg BT 384.18 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 395.96 615.50 Td (exercise, ) Tj ET Q q 0 0 0 rg BT 426.16 615.50 Td (the ) Tj ET Q q 0 0 0 rg BT 437.94 615.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.17 615.50 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 466.17 615.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.29 615.50 Td ( ) Tj ET Q q 0 0 0 rg BT 491.29 615.50 Td (premium ) Tj ET Q q 0 0 0 rg BT 522.17 615.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 545.95 615.50 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 605.90 Td (the ) Tj ET Q q 0 0 0 rg BT 60.68 605.90 Td (initial ) Tj ET Q q 0 0 0 rg BT 80.76 605.90 Td (recognition ) Tj ET Q q 0 0 0 rg BT 118.60 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 126.68 605.90 Td (the ) Tj ET Q q 0 0 0 rg BT 137.86 605.90 Td (derivative ) Tj ET Q q 0 0 0 rg BT 171.26 605.90 Td (was ) Tj ET Q q 0 0 0 rg BT 185.11 605.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 221.61 605.90 Td (in ) Tj ET Q q 0 0 0 rg BT 229.25 605.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 254.21 605.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 281.38 605.90 Td (during ) Tj ET Q q 0 0 0 rg BT 303.68 605.90 Td (the ) Tj ET Q q 0 0 0 rg BT 314.86 605.90 Td (three ) Tj ET Q q 0 0 0 rg BT 332.26 605.90 Td (months ) Tj ET Q q 0 0 0 rg BT 357.23 605.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 377.75 605.90 Td (June ) Tj ET Q q 0 0 0 rg BT 393.82 605.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 405.23 605.90 Td (2012. ) Tj ET Q q 0 0 0 rg BT 424.54 605.90 Td (The ) Tj ET Q q 0 0 0 rg BT 438.39 605.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 450.90 605.90 Td (value ) Tj ET Q q 0 0 0 rg BT 469.64 605.90 Td (of ) Tj ET Q q 0 0 0 rg BT 477.71 605.90 Td (the ) Tj ET Q q 0 0 0 rg BT 488.90 605.90 Td (option ) Tj ET Q q 0 0 0 rg BT 510.75 605.90 Td (on ) Tj ET Q q 0 0 0 rg BT 520.17 605.90 Td (July3,2012, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 596.30 Td (was ) Tj ET Q q 0 0 0 rg BT 63.94 596.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 80.17 596.30 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 96.17 596.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 119.28 596.30 Td (. ) Tj ET Q q 0 0 0 rg BT 123.14 596.30 Td (There ) Tj ET Q q 0 0 0 rg BT 143.79 596.30 Td (will ) Tj ET Q q 0 0 0 rg BT 158.23 596.30 Td (be ) Tj ET Q q 0 0 0 rg BT 167.79 596.30 Td (no ) Tj ET Q q 0 0 0 rg BT 177.79 596.30 Td (further ) Tj ET Q q 0 0 0 rg BT 201.55 596.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 225.32 596.30 Td (on ) Tj ET Q q 0 0 0 rg BT 235.32 596.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 264.42 596.30 Td (from ) Tj ET Q q 0 0 0 rg BT 281.97 596.30 Td (this ) Tj ET Q q 0 0 0 rg BT 295.53 596.30 Td (instrument.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 577.70 Td (Inter) Tj ET Q q 0 0 0 rg BT 64.75 577.70 Td (est ) Tj ET Q q 0 0 0 rg BT 75.64 577.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 92.30 577.70 Td (Risk) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (On ) Tj ET Q q 0 0 0 rg BT 60.67 562.10 Td (February ) Tj ET Q q 0 0 0 rg BT 90.94 562.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 98.34 562.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 117.73 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 128.45 562.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 153.38 562.10 Td (into ) Tj ET Q q 0 0 0 rg BT 167.22 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 176.17 562.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 201.11 562.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 214.49 562.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 232.33 562.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 267.03 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 282.65 562.10 Td (UniCredit ) Tj ET Q q 0 0 0 rg BT 316.04 562.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 334.32 562.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 355.70 562.10 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 387.98 562.10 Td (a.s. ) Tj ET Q q 0 0 0 rg BT 400.03 562.10 Td (\(UniCredit\) ) Tj ET Q q 0 0 0 rg BT 445.85 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.80 562.10 Td (Ceska ) Tj ET Q q 0 0 0 rg BT 479.74 562.10 Td (Sporitelna, ) Tj ET Q q 0 0 0 rg BT 516.02 562.10 Td (a.s. ) Tj ET Q q 0 0 0 rg BT 528.08 562.10 Td (\(CSAS\), ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 552.50 Td (expiring ) Tj ET Q q 0 0 0 rg BT 77.99 552.50 Td (in ) Tj ET Q q 0 0 0 rg BT 85.63 552.50 Td (April ) Tj ET Q q 0 0 0 rg BT 104.35 552.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 124.17 552.50 Td (to ) Tj ET Q q 0 0 0 rg BT 132.22 552.50 Td (reduce ) Tj ET Q q 0 0 0 rg BT 155.37 552.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.97 552.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 190.57 552.50 Td (of ) Tj ET Q q 0 0 0 rg BT 199.06 552.50 Td (changing ) Tj ET Q q 0 0 0 rg BT 230.21 552.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.58 552.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 272.51 552.50 Td (on ) Tj ET Q q 0 0 0 rg BT 282.34 552.50 Td (our ) Tj ET Q q 0 0 0 rg BT 294.83 552.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 330.43 552.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 369.59 552.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 396.30 552.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 410.11 552.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 425.71 552.50 Td (that ) Tj ET Q q 0 0 0 rg BT 439.54 552.50 Td (was ) Tj ET Q q 0 0 0 rg BT 453.81 552.50 Td (denominated ) Tj ET Q q 0 0 0 rg BT 496.95 552.50 Td (in ) Tj ET Q q 0 0 0 rg BT 505.00 552.50 Td (CZK. ) Tj ET Q q 0 0 0 rg BT 524.70 552.50 Td (The ) Tj ET Q q 0 0 0 rg BT 538.96 552.50 Td (interest ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 63.45 542.90 Td (swap ) Tj ET Q q 0 0 0 rg BT 81.85 542.90 Td (is ) Tj ET Q q 0 0 0 rg BT 89.15 542.90 Td (a ) Tj ET Q q 0 0 0 rg BT 94.66 542.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.60 542.90 Td (instrument ) Tj ET Q q 0 0 0 rg BT 160.78 542.90 Td (that ) Tj ET Q q 0 0 0 rg BT 174.74 542.90 Td (is ) Tj ET Q q 0 0 0 rg BT 182.03 542.90 Td (used ) Tj ET Q q 0 0 0 rg BT 198.66 542.90 Td (to ) Tj ET Q q 0 0 0 rg BT 206.84 542.90 Td (minimize ) Tj ET Q q 0 0 0 rg BT 239.01 542.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 264.52 542.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 278.47 542.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 292.43 542.90 Td (and ) Tj ET Q q 0 0 0 rg BT 305.94 542.90 Td (is ) Tj ET Q q 0 0 0 rg BT 313.23 542.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 349.85 542.90 Td (an ) Tj ET Q q 0 0 0 rg BT 359.36 542.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 392.42 542.90 Td (hedge. ) Tj ET Q q 0 0 0 rg BT 415.33 542.90 Td (The ) Tj ET Q q 0 0 0 rg BT 429.73 542.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 455.24 542.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 469.19 542.90 Td (swap ) Tj ET Q q 0 0 0 rg BT 487.59 542.90 Td (was ) Tj ET Q q 0 0 0 rg BT 501.99 542.90 Td (not ) Tj ET Q q 0 0 0 rg BT 514.17 542.90 Td (designated ) Tj ET Q q 0 0 0 rg BT 550.34 542.90 Td (as ) Tj ET Q q 0 0 0 rg BT 558.97 542.90 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (hedging ) Tj ET Q q 0 0 0 rg BT 77.35 533.30 Td (instrument ) Tj ET Q q 0 0 0 rg BT 113.65 533.30 Td (so ) Tj ET Q q 0 0 0 rg BT 122.85 533.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.69 533.30 Td (in ) Tj ET Q q 0 0 0 rg BT 158.99 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 170.85 533.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 184.03 533.30 Td (value ) Tj ET Q q 0 0 0 rg BT 203.43 533.30 Td (of ) Tj ET Q q 0 0 0 rg BT 212.18 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 224.03 533.30 Td (derivative ) Tj ET Q q 0 0 0 rg BT 258.10 533.30 Td (are ) Tj ET Q q 0 0 0 rg BT 269.94 533.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 300.00 533.30 Td (in ) Tj ET Q q 0 0 0 rg BT 308.30 533.30 Td (the ) Tj ET Q q 0 0 0 rg BT 320.16 533.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 362.67 533.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 398.52 533.30 Td (of ) Tj ET Q q 0 0 0 rg BT 407.27 533.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 442.67 533.30 Td (and ) Tj ET Q q 0 0 0 rg BT 456.30 533.30 Td (other ) Tj ET Q q 0 0 0 rg BT 474.82 533.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 525.32 533.30 Td (income ) Tj ET Q q 0 0 0 rg BT 550.95 533.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 523.70 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 523.70 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 523.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 111.93 523.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 138.36 523.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 156.79 523.70 Td (in ) Tj ET Q q 0 0 0 rg BT 165.02 523.70 Td (other ) Tj ET Q q 0 0 0 rg BT 183.45 523.70 Td (current ) Tj ET Q q 0 0 0 rg BT 208.11 523.70 Td (liabilities.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 508.10 Td (e ) Tj ET Q q 0 0 0 rg BT 62.17 508.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 85.70 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.68 508.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.44 508.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.63 508.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 156.28 508.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 191.80 508.10 Td (using ) Tj ET Q q 0 0 0 rg BT 211.35 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.11 508.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 249.08 508.10 Td (model ) Tj ET Q q 0 0 0 rg BT 271.29 508.10 Td (which ) Tj ET Q q 0 0 0 rg BT 293.05 508.10 Td (calculates ) Tj ET Q q 0 0 0 rg BT 326.79 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.77 508.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 352.08 508.10 Td (value ) Tj ET Q q 0 0 0 rg BT 371.61 508.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.82 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.80 508.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 412.01 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.88 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.86 508.10 Td (net ) Tj ET Q q 0 0 0 rg BT 444.85 508.10 Td (present ) Tj ET Q q 0 0 0 rg BT 470.16 508.10 Td (value ) Tj ET Q q 0 0 0 rg BT 489.69 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.56 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.54 508.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 543.41 508.10 Td (future ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 498.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 65.48 498.50 Td (flows. ) Tj ET Q q 0 0 0 rg BT 86.89 498.50 Td (The ) Tj ET Q q 0 0 0 rg BT 101.09 498.50 Td (most ) Tj ET Q q 0 0 0 rg BT 118.41 498.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 153.94 498.50 Td (input ) Tj ET Q q 0 0 0 rg BT 172.15 498.50 Td (used ) Tj ET Q q 0 0 0 rg BT 188.58 498.50 Td (in ) Tj ET Q q 0 0 0 rg BT 196.56 498.50 Td (the ) Tj ET Q q 0 0 0 rg BT 208.10 498.50 Td (valuation ) Tj ET Q q 0 0 0 rg BT 239.63 498.50 Td (model ) Tj ET Q q 0 0 0 rg BT 261.39 498.50 Td (is ) Tj ET Q q 0 0 0 rg BT 268.49 498.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.03 498.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 310.21 498.50 Td (PRIBOR-based ) Tj ET Q q 0 0 0 rg BT 361.75 498.50 Td (yield ) Tj ET Q q 0 0 0 rg BT 379.51 498.50 Td (curve. ) Tj ET Q q 0 0 0 rg BT 400.91 498.50 Td (This ) Tj ET Q q 0 0 0 rg BT 416.90 498.50 Td (instrument ) Tj ET Q q 0 0 0 rg BT 452.88 498.50 Td (was ) Tj ET Q q 0 0 0 rg BT 467.08 498.50 Td (allocated ) Tj ET Q q 0 0 0 rg BT 497.72 498.50 Td (to ) Tj ET Q q 0 0 0 rg BT 505.70 498.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 525.68 498.50 Td (2 ) Tj ET Q q 0 0 0 rg BT 531.44 498.50 Td (of ) Tj ET Q q 0 0 0 rg BT 539.87 498.50 Td (the ) Tj ET Q q 0 0 0 rg BT 551.40 498.50 Td (fair ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 488.90 Td (value ) Tj ET Q q 0 0 0 rg BT 68.72 488.90 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 100.82 488.90 Td (because ) Tj ET Q q 0 0 0 rg BT 128.03 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 139.70 488.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 163.81 488.90 Td (inputs ) Tj ET Q q 0 0 0 rg BT 185.26 488.90 Td (to ) Tj ET Q q 0 0 0 rg BT 193.38 488.90 Td (this ) Tj ET Q q 0 0 0 rg BT 206.84 488.90 Td (model, ) Tj ET Q q 0 0 0 rg BT 230.73 488.90 Td (including ) Tj ET Q q 0 0 0 rg BT 262.84 488.90 Td (current ) Tj ET Q q 0 0 0 rg BT 287.39 488.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 312.84 488.90 Td (rates, ) Tj ET Q q 0 0 0 rg BT 331.83 488.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 359.49 488.90 Td (yield ) Tj ET Q q 0 0 0 rg BT 377.38 488.90 Td (curves ) Tj ET Q q 0 0 0 rg BT 400.16 488.90 Td (and ) Tj ET Q q 0 0 0 rg BT 413.61 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 425.28 488.90 Td (known ) Tj ET Q q 0 0 0 rg BT 448.95 488.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 486.38 488.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 506.05 488.90 Td (of ) Tj ET Q q 0 0 0 rg BT 514.61 488.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.28 488.90 Td (instrument, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 479.30 Td (are ) Tj ET Q q 0 0 0 rg BT 61.27 479.30 Td (readily ) Tj ET Q q 0 0 0 rg BT 85.48 479.30 Td (observable.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 463.70 Td (The ) Tj ET Q q 0 0 0 rg BT 63.76 463.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 76.68 463.70 Td (value ) Tj ET Q q 0 0 0 rg BT 95.83 463.70 Td (of ) Tj ET Q q 0 0 0 rg BT 104.32 463.70 Td (the ) Tj ET Q q 0 0 0 rg BT 115.91 463.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 141.28 463.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 155.09 463.70 Td (swap ) Tj ET Q q 0 0 0 rg BT 173.36 463.70 Td (as ) Tj ET Q q 0 0 0 rg BT 181.84 463.70 Td (at ) Tj ET Q q 0 0 0 rg BT 189.44 463.70 Td (the ) Tj ET Q q 0 0 0 rg BT 201.03 463.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 235.73 463.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 252.48 463.70 Td (April ) Tj ET Q q 0 0 0 rg BT 271.19 463.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 283.01 463.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 302.83 463.70 Td (was ) Tj ET Q q 0 0 0 rg BT 317.10 463.70 Td (a ) Tj ET Q q 0 0 0 rg BT 322.47 463.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.52 463.70 Td (35 ) Tj ET Q q 0 0 0 rg BT 348.34 463.70 Td (thousand) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.23 463.70 Td ( ) Tj ET Q q 0 0 0 rg BT 379.05 463.70 Td (liability) Tj ET Q q 0 0 0 rg BT 403.42 463.70 Td (. ) Tj ET Q q 0 0 0 rg BT 407.11 463.70 Td (There ) Tj ET Q q 0 0 0 rg BT 427.58 463.70 Td (will ) Tj ET Q q 0 0 0 rg BT 441.85 463.70 Td (be ) Tj ET Q q 0 0 0 rg BT 451.22 463.70 Td (no ) Tj ET Q q 0 0 0 rg BT 461.04 463.70 Td (further ) Tj ET Q q 0 0 0 rg BT 484.63 463.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 508.22 463.70 Td (on ) Tj ET Q q 0 0 0 rg BT 518.05 463.70 Td (earnings ) Tj ET Q q 0 0 0 rg BT 546.97 463.70 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (this ) Tj ET Q q 0 0 0 rg BT 63.06 454.10 Td (instrument.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 435.50 Td (Curr) Tj ET Q q 0 0 0 rg BT 64.77 435.50 Td (ency ) Tj ET Q q 0 0 0 rg BT 81.42 435.50 Td (Risk) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 419.90 Td (On ) Tj ET Q q 0 0 0 rg BT 61.20 419.90 Td (April ) Tj ET Q q 0 0 0 rg BT 80.56 419.90 Td (27, ) Tj ET Q q 0 0 0 rg BT 93.03 419.90 Td (2006, ) Tj ET Q q 0 0 0 rg BT 113.50 419.90 Td (we ) Tj ET Q q 0 0 0 rg BT 125.30 419.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 151.30 419.90 Td (into ) Tj ET Q q 0 0 0 rg BT 166.22 419.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 196.67 419.90 Td (swap ) Tj ET Q q 0 0 0 rg BT 215.58 419.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 254.48 419.90 Td (with ) Tj ET Q q 0 0 0 rg BT 271.17 419.90 Td (two ) Tj ET Q q 0 0 0 rg BT 285.64 419.90 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 333.42 419.90 Td (whereby ) Tj ET Q q 0 0 0 rg BT 363.43 419.90 Td (we ) Tj ET Q q 0 0 0 rg BT 375.23 419.90 Td (swapped ) Tj ET Q q 0 0 0 rg BT 405.69 419.90 Td (a ) Tj ET Q q 0 0 0 rg BT 411.71 419.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 430.62 419.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 454.42 419.90 Td (coupon ) Tj ET Q q 0 0 0 rg BT 480.44 419.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 506.45 419.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 520.91 419.90 Td (\(of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.71 419.90 Td (9.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.37 419.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 554.51 419.90 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 410.30 Td (notional ) Tj ET Q q 0 0 0 rg BT 77.38 410.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 107.48 410.30 Td (of ) Tj ET Q q 0 0 0 rg BT 115.81 410.30 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 133.48 410.30 Td (10.7 ) Tj ET Q q 0 0 0 rg BT 149.14 410.30 Td (billion) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 170.03 410.30 Td (, ) Tj ET Q q 0 0 0 rg BT 173.70 410.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 200.24 410.30 Td (on ) Tj ET Q q 0 0 0 rg BT 209.90 410.30 Td (each ) Tj ET Q q 0 0 0 rg BT 226.22 410.30 Td (July ) Tj ET Q q 0 0 0 rg BT 241.22 410.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 252.89 410.30 Td (October ) Tj ET Q q 0 0 0 rg BT 280.32 410.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 291.98 410.30 Td (January ) Tj ET Q q 0 0 0 rg BT 318.53 410.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 330.19 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 343.04 410.30 Td (April ) Tj ET Q q 0 0 0 rg BT 361.59 410.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 373.26 410.30 Td (for ) Tj ET Q q 0 0 0 rg BT 384.25 410.30 Td (a ) Tj ET Q q 0 0 0 rg BT 389.46 410.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 407.57 410.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 430.56 410.30 Td (coupon ) Tj ET Q q 0 0 0 rg BT 455.77 410.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 480.98 410.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 494.64 410.30 Td (\(of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.63 410.30 Td (9.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.29 410.30 Td (\) ) Tj ET Q q 0 0 0 rg BT 526.62 410.30 Td (on ) Tj ET Q q 0 0 0 rg BT 536.29 410.30 Td (notional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 400.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 79.93 400.70 Td (of ) Tj ET Q q 0 0 0 rg BT 88.60 400.70 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 106.60 400.70 Td (375.9 ) Tj ET Q q 0 0 0 rg BT 126.60 400.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 149.71 400.70 Td (, ) Tj ET Q q 0 0 0 rg BT 153.71 400.70 Td (receivable ) Tj ET Q q 0 0 0 rg BT 188.57 400.70 Td (on ) Tj ET Q q 0 0 0 rg BT 198.57 400.70 Td (each ) Tj ET Q q 0 0 0 rg BT 215.23 400.70 Td (July ) Tj ET Q q 0 0 0 rg BT 230.56 400.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 242.56 400.70 Td (October ) Tj ET Q q 0 0 0 rg BT 270.33 400.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 282.33 400.70 Td (January ) Tj ET Q q 0 0 0 rg BT 309.21 400.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 321.21 400.70 Td (and ) Tj ET Q q 0 0 0 rg BT 334.32 400.70 Td (April ) Tj ET Q q 0 0 0 rg BT 353.20 400.70 Td (15 ) Tj ET Q q 0 0 0 rg BT 363.20 400.70 Td (up ) Tj ET Q q 0 0 0 rg BT 373.20 400.70 Td (to ) Tj ET Q q 0 0 0 rg BT 381.43 400.70 Td (the ) Tj ET Q q 0 0 0 rg BT 393.20 400.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 432.08 400.70 Td (date ) Tj ET Q q 0 0 0 rg BT 447.40 400.70 Td (of ) Tj ET Q q 0 0 0 rg BT 455.63 400.70 Td (April ) Tj ET Q q 0 0 0 rg BT 474.51 400.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 486.51 400.70 Td (2012.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (These ) Tj ET Q q 0 0 0 rg BT 70.96 385.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 101.30 385.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 120.10 385.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 158.88 385.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 186.55 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.57 385.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 230.81 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.39 385.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 278.63 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.21 385.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 312.67 385.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 345.23 385.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.69 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 373.05 385.10 Td (part ) Tj ET Q q 0 0 0 rg BT 387.84 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.86 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.99 385.10 Td (CZK-denominated ) Tj ET Q q 0 0 0 rg BT 471.34 385.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 487.91 385.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 508.04 385.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 541.49 385.10 Td (by ) Tj ET Q q 0 0 0 rg BT 551.85 385.10 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 375.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 71.55 375.50 Td (Republic ) Tj ET Q q 0 0 0 rg BT 102.49 375.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 139.87 375.50 Td (which ) Tj ET Q q 0 0 0 rg BT 161.48 375.50 Td (corresponded ) Tj ET Q q 0 0 0 rg BT 206.63 375.50 Td (to ) Tj ET Q q 0 0 0 rg BT 214.91 375.50 Td (a ) Tj ET Q q 0 0 0 rg BT 220.52 375.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 256.34 375.50 Td (proportion ) Tj ET Q q 0 0 0 rg BT 292.17 375.50 Td (of ) Tj ET Q q 0 0 0 rg BT 300.90 375.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.73 375.50 Td (Euro-denominated ) Tj ET Q q 0 0 0 rg BT 374.32 375.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 399.92 375.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 432.64 375.50 Td (on ) Tj ET Q q 0 0 0 rg BT 442.70 375.50 Td (our ) Tj ET Q q 0 0 0 rg BT 455.42 375.50 Td (Senior ) Tj ET Q q 0 0 0 rg BT 478.37 375.50 Td (Notes ) Tj ET Q q 0 0 0 rg BT 499.09 375.50 Td (\(see ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.02 375.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 531.63 375.50 Td (5, ) Tj ET Q q 0 0 0 rg BT 539.69 375.50 Td ("Long-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 365.90 Td (term ) Tj ET Q q 0 0 0 rg BT 66.60 365.90 Td (Debt ) Tj ET Q q 0 0 0 rg BT 84.60 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 98.59 365.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 119.25 365.90 Td (Financing ) Tj ET Q q 0 0 0 rg BT 153.15 365.90 Td (Arrangements") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.73 365.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 208.66 365.90 Td (These ) Tj ET Q q 0 0 0 rg BT 230.20 365.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.63 365.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 300.40 365.90 Td (were ) Tj ET Q q 0 0 0 rg BT 318.39 365.90 Td (used ) Tj ET Q q 0 0 0 rg BT 335.49 365.90 Td (to ) Tj ET Q q 0 0 0 rg BT 344.16 365.90 Td (minimize ) Tj ET Q q 0 0 0 rg BT 376.82 365.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 407.24 365.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 421.68 365.90 Td (and ) Tj ET Q q 0 0 0 rg BT 435.68 365.90 Td (were ) Tj ET Q q 0 0 0 rg BT 453.66 365.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 490.76 365.90 Td (an ) Tj ET Q q 0 0 0 rg BT 500.75 365.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 534.29 365.90 Td (hedge ) Tj ET Q q 0 0 0 rg BT 555.83 365.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 356.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 75.37 356.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 108.34 356.30 Td (rates. ) Tj ET Q q 0 0 0 rg BT 128.01 356.30 Td (These ) Tj ET Q q 0 0 0 rg BT 149.89 356.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 189.99 356.30 Td (were ) Tj ET Q q 0 0 0 rg BT 208.30 356.30 Td (not ) Tj ET Q q 0 0 0 rg BT 221.29 356.30 Td (designated ) Tj ET Q q 0 0 0 rg BT 258.27 356.30 Td (as ) Tj ET Q q 0 0 0 rg BT 267.71 356.30 Td (hedging ) Tj ET Q q 0 0 0 rg BT 296.25 356.30 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 338.35 356.30 Td (and ) Tj ET Q q 0 0 0 rg BT 352.67 356.30 Td (so ) Tj ET Q q 0 0 0 rg BT 362.55 356.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 391.09 356.30 Td (in ) Tj ET Q q 0 0 0 rg BT 400.08 356.30 Td (their ) Tj ET Q q 0 0 0 rg BT 417.51 356.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 431.38 356.30 Td (value ) Tj ET Q q 0 0 0 rg BT 451.48 356.30 Td (were ) Tj ET Q q 0 0 0 rg BT 469.79 356.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 500.54 356.30 Td (in ) Tj ET Q q 0 0 0 rg BT 509.53 356.30 Td (the ) Tj ET Q q 0 0 0 rg BT 522.07 356.30 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 346.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.27 346.70 Td (of ) Tj ET Q q 0 0 0 rg BT 93.93 346.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.26 346.70 Td (and ) Tj ET Q q 0 0 0 rg BT 142.81 346.70 Td (other ) Tj ET Q q 0 0 0 rg BT 161.25 346.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 211.67 346.70 Td (income ) Tj ET Q q 0 0 0 rg BT 237.22 346.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.77 346.70 Td (in ) Tj ET Q q 0 0 0 rg BT 258.99 346.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.77 346.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 313.20 346.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 339.63 346.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 358.06 346.70 Td (in ) Tj ET Q q 0 0 0 rg BT 366.29 346.70 Td (other ) Tj ET Q q 0 0 0 rg BT 384.72 346.70 Td (current ) Tj ET Q q 0 0 0 rg BT 409.38 346.70 Td (liabilities.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 331.10 Td (e ) Tj ET Q q 0 0 0 rg BT 61.74 331.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 84.85 331.10 Td (these ) Tj ET Q q 0 0 0 rg BT 103.06 331.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 132.82 331.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 151.05 331.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 189.25 331.10 Td (using ) Tj ET Q q 0 0 0 rg BT 208.37 331.10 Td (an ) Tj ET Q q 0 0 0 rg BT 217.70 331.10 Td (industry-standard ) Tj ET Q q 0 0 0 rg BT 275.47 331.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 305.23 331.10 Td (swap ) Tj ET Q q 0 0 0 rg BT 323.45 331.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 347.89 331.10 Td (model ) Tj ET Q q 0 0 0 rg BT 369.67 331.10 Td (which ) Tj ET Q q 0 0 0 rg BT 391.00 331.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 425.20 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.75 331.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 449.64 331.10 Td (value ) Tj ET Q q 0 0 0 rg BT 468.74 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 478.52 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.07 331.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 507.85 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.30 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.85 331.10 Td (net ) Tj ET Q q 0 0 0 rg BT 539.41 331.10 Td (present ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 321.50 Td (value ) Tj ET Q q 0 0 0 rg BT 68.83 321.50 Td (of ) Tj ET Q q 0 0 0 rg BT 77.49 321.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.26 321.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 121.92 321.50 Td (future ) Tj ET Q q 0 0 0 rg BT 143.02 321.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.24 321.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 179.02 321.50 Td (receivable ) Tj ET Q q 0 0 0 rg BT 213.88 321.50 Td (or ) Tj ET Q q 0 0 0 rg BT 222.55 321.50 Td (payable. ) Tj ET Q q 0 0 0 rg BT 251.28 321.50 Td (These ) Tj ET Q q 0 0 0 rg BT 272.38 321.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 311.71 321.50 Td (were ) Tj ET Q q 0 0 0 rg BT 329.26 321.50 Td (allocated ) Tj ET Q q 0 0 0 rg BT 360.13 321.50 Td (to ) Tj ET Q q 0 0 0 rg BT 368.35 321.50 Td (Level ) Tj ET Q q 0 0 0 rg BT 388.57 321.50 Td (2 ) Tj ET Q q 0 0 0 rg BT 394.57 321.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.23 321.50 Td (the ) Tj ET Q q 0 0 0 rg BT 415.01 321.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 428.11 321.50 Td (value ) Tj ET Q q 0 0 0 rg BT 447.43 321.50 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 479.64 321.50 Td (because ) Tj ET Q q 0 0 0 rg BT 506.96 321.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.73 321.50 Td (critical ) Tj ET Q q 0 0 0 rg BT 542.94 321.50 Td (inputs ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 311.90 Td (to ) Tj ET Q q 0 0 0 rg BT 57.72 311.90 Td (this ) Tj ET Q q 0 0 0 rg BT 71.28 311.90 Td (model, ) Tj ET Q q 0 0 0 rg BT 95.28 311.90 Td (including ) Tj ET Q q 0 0 0 rg BT 127.50 311.90 Td (the ) Tj ET Q q 0 0 0 rg BT 139.27 311.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 167.03 311.90 Td (yield ) Tj ET Q q 0 0 0 rg BT 185.03 311.90 Td (curves ) Tj ET Q q 0 0 0 rg BT 207.91 311.90 Td (and ) Tj ET Q q 0 0 0 rg BT 221.46 311.90 Td (the ) Tj ET Q q 0 0 0 rg BT 233.23 311.90 Td (known ) Tj ET Q q 0 0 0 rg BT 257.01 311.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 294.54 311.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 314.32 311.90 Td (of ) Tj ET Q q 0 0 0 rg BT 322.98 311.90 Td (the ) Tj ET Q q 0 0 0 rg BT 334.75 311.90 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 372.97 311.90 Td (were ) Tj ET Q q 0 0 0 rg BT 390.52 311.90 Td (readily ) Tj ET Q q 0 0 0 rg BT 414.73 311.90 Td (observable.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 296.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.10 296.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 77.37 296.30 Td (value ) Tj ET Q q 0 0 0 rg BT 96.86 296.30 Td (of ) Tj ET Q q 0 0 0 rg BT 105.69 296.30 Td (the ) Tj ET Q q 0 0 0 rg BT 117.63 296.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 144.68 296.30 Td (on ) Tj ET Q q 0 0 0 rg BT 154.36 296.30 Td (April ) Tj ET Q q 0 0 0 rg BT 173.42 296.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 185.58 296.30 Td (2012, ) Tj ET Q q 0 0 0 rg BT 205.75 296.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 247.90 296.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 265.62 296.30 Td (to ) Tj ET Q q 0 0 0 rg BT 274.00 296.30 Td (the ) Tj ET Q q 0 0 0 rg BT 285.94 296.30 Td (final ) Tj ET Q q 0 0 0 rg BT 302.77 296.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 335.59 296.30 Td (being ) Tj ET Q q 0 0 0 rg BT 355.53 296.30 Td (made ) Tj ET Q q 0 0 0 rg BT 375.02 296.30 Td (and ) Tj ET Q q 0 0 0 rg BT 388.74 296.30 Td (received ) Tj ET Q q 0 0 0 rg BT 417.99 296.30 Td (was ) Tj ET Q q 0 0 0 rg BT 432.60 296.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.99 296.30 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 461.15 296.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.27 296.30 Td (,which ) Tj ET Q q 0 0 0 rg BT 507.98 296.30 Td (represented ) Tj ET Q q 0 0 0 rg BT 547.02 296.30 Td (a ) Tj ET Q q 0 0 0 rg BT 552.73 296.30 Td (net ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 286.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 79.50 286.70 Td (of ) Tj ET Q q 0 0 0 rg BT 88.64 286.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.34 286.70 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 117.81 286.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 140.93 286.70 Td ( ) Tj ET Q q 0 0 0 rg BT 143.40 286.70 Td (from ) Tj ET Q q 0 0 0 rg BT 161.42 286.70 Td (the ) Tj ET Q q 0 0 0 rg BT 173.67 286.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.37 286.70 Td (2.4 ) Tj ET Q q 0 0 0 rg BT 202.84 286.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.95 286.70 Td ( ) Tj ET Q q 0 0 0 rg BT 228.43 286.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 255.79 286.70 Td (as ) Tj ET Q q 0 0 0 rg BT 264.92 286.70 Td (at ) Tj ET Q q 0 0 0 rg BT 273.17 286.70 Td (December ) Tj ET Q q 0 0 0 rg BT 308.51 286.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 320.98 286.70 Td (201) Tj ET Q q 0 0 0 rg BT 332.68 286.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 340.98 286.70 Td (This ) Tj ET Q q 0 0 0 rg BT 357.67 286.70 Td (change ) Tj ET Q q 0 0 0 rg BT 382.80 286.70 Td (was ) Tj ET Q q 0 0 0 rg BT 397.71 286.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 435.27 286.70 Td (as ) Tj ET Q q 0 0 0 rg BT 444.41 286.70 Td (a ) Tj ET Q q 0 0 0 rg BT 450.43 286.70 Td (derivative ) Tj ET Q q 0 0 0 rg BT 484.89 286.70 Td (gain ) Tj ET Q q 0 0 0 rg BT 501.14 286.70 Td (in ) Tj ET Q q 0 0 0 rg BT 509.83 286.70 Td (the ) Tj ET Q q 0 0 0 rg BT 522.08 286.70 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 82.16 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.82 277.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 126.14 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.70 277.10 Td (other ) Tj ET Q q 0 0 0 rg BT 158.13 277.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 208.56 277.10 Td (income ) Tj ET Q q 0 0 0 rg BT 234.11 277.10 Td (amounting ) Tj ET Q q 0 0 0 rg BT 270.32 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.55 277.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.77 277.10 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 306.77 277.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.89 277.10 Td (. ) Tj ET Q q 0 0 0 rg BT 333.74 277.10 Td (There ) Tj ET Q q 0 0 0 rg BT 354.39 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 368.84 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 378.39 277.10 Td (no ) Tj ET Q q 0 0 0 rg BT 388.39 277.10 Td (further ) Tj ET Q q 0 0 0 rg BT 412.16 277.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 435.93 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.93 277.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 475.03 277.10 Td (from ) Tj ET Q q 0 0 0 rg BT 492.58 277.10 Td (this ) Tj ET Q q 0 0 0 rg BT 506.14 277.10 Td (instrument.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 255.50 Td (15. ) Tj ET Q q 0 0 0 rg BT 67.50 255.50 Td (RESTRUCTURING ) Tj ET Q q 0 0 0 rg BT 139.73 255.50 Td (COSTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 239.90 Td (In ) Tj ET Q q 0 0 0 rg BT 58.04 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 69.68 239.90 Td (first ) Tj ET Q q 0 0 0 rg BT 84.44 239.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 108.96 239.90 Td (of ) Tj ET Q q 0 0 0 rg BT 117.50 239.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 137.37 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 149.01 239.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.99 239.90 Td (changed ) Tj ET Q q 0 0 0 rg BT 210.52 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.16 239.90 Td (composition ) Tj ET Q q 0 0 0 rg BT 263.59 239.90 Td (of ) Tj ET Q q 0 0 0 rg BT 272.12 239.90 Td (its ) Tj ET Q q 0 0 0 rg BT 281.55 239.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 313.63 239.90 Td (segments. ) Tj ET Q q 0 0 0 rg BT 347.28 239.90 Td (From ) Tj ET Q q 0 0 0 rg BT 366.48 239.90 Td (January ) Tj ET Q q 0 0 0 rg BT 393.23 239.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 401.11 239.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 420.98 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 432.62 239.90 Td (Broadcast, ) Tj ET Q q 0 0 0 rg BT 468.48 239.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 490.79 239.90 Td (Pro ) Tj ET Q q 0 0 0 rg BT 503.77 239.90 Td (Entertainment ) Tj ET Q q 0 0 0 rg BT 550.96 239.90 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 230.30 Td (New ) Tj ET Q q 0 0 0 rg BT 66.68 230.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 89.20 230.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 121.49 230.30 Td (segments ) Tj ET Q q 0 0 0 rg BT 153.34 230.30 Td (were ) Tj ET Q q 0 0 0 rg BT 170.96 230.30 Td (reor) Tj ET Q q 0 0 0 rg BT 183.70 230.30 Td (ganized ) Tj ET Q q 0 0 0 rg BT 210.65 230.30 Td (to ) Tj ET Q q 0 0 0 rg BT 218.95 230.30 Td (streamline ) Tj ET Q q 0 0 0 rg BT 254.35 230.30 Td (central ) Tj ET Q q 0 0 0 rg BT 278.19 230.30 Td (resources ) Tj ET Q q 0 0 0 rg BT 310.47 230.30 Td (and ) Tj ET Q q 0 0 0 rg BT 324.10 230.30 Td (create ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.27 230.30 Td (six) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.61 230.30 Td ( ) Tj ET Q q 0 0 0 rg BT 356.68 230.30 Td (new ) Tj ET Q q 0 0 0 rg BT 372.09 230.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 404.38 230.30 Td (segments: ) Tj ET Q q 0 0 0 rg BT 438.45 230.30 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 470.08 230.30 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 497.70 230.30 Td (the ) Tj ET Q q 0 0 0 rg BT 509.55 230.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 531.62 230.30 Td (Republic, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 220.70 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 81.95 220.70 Td (the ) Tj ET Q q 0 0 0 rg BT 93.28 220.70 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 117.07 220.70 Td (Republic ) Tj ET Q q 0 0 0 rg BT 147.52 220.70 Td (and ) Tj ET Q q 0 0 0 rg BT 160.63 220.70 Td (Slovenia. ) Tj ET Q q 0 0 0 rg BT 192.19 220.70 Td (In ) Tj ET Q q 0 0 0 rg BT 200.42 220.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 237.08 220.70 Td (with ) Tj ET Q q 0 0 0 rg BT 252.86 220.70 Td (this ) Tj ET Q q 0 0 0 rg BT 265.99 220.70 Td (change ) Tj ET Q q 0 0 0 rg BT 290.20 220.70 Td (in ) Tj ET Q q 0 0 0 rg BT 297.99 220.70 Td (segments, ) Tj ET Q q 0 0 0 rg BT 331.33 220.70 Td (we ) Tj ET Q q 0 0 0 rg BT 342.22 220.70 Td (have ) Tj ET Q q 0 0 0 rg BT 358.88 220.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 387.10 220.70 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 429.54 220.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 447.10 220.70 Td (to ) Tj ET Q q 0 0 0 rg BT 454.89 220.70 Td (reor) Tj ET Q q 0 0 0 rg BT 467.62 220.70 Td (ganize ) Tj ET Q q 0 0 0 rg BT 490.06 220.70 Td (our ) Tj ET Q q 0 0 0 rg BT 502.29 220.70 Td (businesses ) Tj ET Q q 0 0 0 rg BT 537.63 220.70 Td (through ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (these ) Tj ET Q q 0 0 0 rg BT 67.93 211.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 105.47 211.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 139.09 211.10 Td (The ) Tj ET Q q 0 0 0 rg BT 153.53 211.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 196.40 211.10 Td (char) Tj ET Q q 0 0 0 rg BT 210.02 211.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 222.68 211.10 Td (are ) Tj ET Q q 0 0 0 rg BT 234.44 211.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 266.21 211.10 Td (related ) Tj ET Q q 0 0 0 rg BT 289.97 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.18 211.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 331.28 211.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 370.15 211.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 397.47 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.02 211.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 429.02 211.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 457.66 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.88 211.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 498.09 211.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 531.63 211.10 Td (contracts. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 201.50 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 95.60 201.50 Td (actions ) Tj ET Q q 0 0 0 rg BT 120.81 201.50 Td (under ) Tj ET Q q 0 0 0 rg BT 141.58 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 153.90 201.50 Td (segment ) Tj ET Q q 0 0 0 rg BT 183.11 201.50 Td (reor) Tj ET Q q 0 0 0 rg BT 195.85 201.50 Td (ganization ) Tj ET Q q 0 0 0 rg BT 231.72 201.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 248.05 201.50 Td (were ) Tj ET Q q 0 0 0 rg BT 266.14 201.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 302.01 201.50 Td (as ) Tj ET Q q 0 0 0 rg BT 311.23 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 320.44 201.50 Td (December ) Tj ET Q q 0 0 0 rg BT 355.86 201.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.42 201.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 388.78 201.50 Td (W) Tj ET Q q 0 0 0 rg BT 395.69 201.50 Td (e ) Tj ET Q q 0 0 0 rg BT 401.79 201.50 Td (will ) Tj ET Q q 0 0 0 rg BT 416.79 201.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 446.89 201.50 Td (to ) Tj ET Q q 0 0 0 rg BT 455.67 201.50 Td (look ) Tj ET Q q 0 0 0 rg BT 472.44 201.50 Td (to ) Tj ET Q q 0 0 0 rg BT 481.21 201.50 Td (optimize ) Tj ET Q q 0 0 0 rg BT 511.76 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 524.08 201.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 542.63 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 551.85 201.50 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 191.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 84.82 191.90 Td (in ) Tj ET Q q 0 0 0 rg BT 93.05 191.90 Td (2014.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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/GS0 gs 496.00 674.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 674.00 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 644.00 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 644.00 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 644.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 644.00 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 644.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 644.00 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 689 m 430 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 689 m 434 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 689 m 496 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496 689 m 500 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 689 m 562 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 689 m 430 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 674 m 430 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 689 m 496 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 674 m 496 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 689 m 562 689 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 674 m 562 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 674 m 430 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 674 m 496 674 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 674 m 562 674 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 644 m 430 644 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 630 m 430 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 628 m 430 628 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 644 m 496 644 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 630 m 496 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 628 m 496 628 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 644 m 562 644 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 630 m 562 630 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 628 m 562 628 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 693.25 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 693.23 Td (For The Year Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 678.25 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.50 678.23 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.50 678.23 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.50 678.23 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 663.25 Td (Selling, ) Tj ET Q q 0 0 0 rg BT 79.17 663.25 Td (general ) Tj ET Q q 0 0 0 rg BT 104.71 663.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.26 663.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 166.02 663.25 Td (expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 663.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 663.25 Td (4,197) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 663.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 663.25 Td (4,249) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 663.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 663.25 Td (5,898) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 648.25 Td (Restructuring costs \(Note 15\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 648.25 Td (1,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.80 648.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 648.25 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 633.23 Td (Total stock-based compensation charge) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 633.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.80 633.23 Td (6,116) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.50 633.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.80 633.23 Td (4,249) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 633.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.80 633.23 Td (5,898) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 610.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 68.82 610.90 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 595.30 Td (Grants ) Tj ET Q q 0 0 0 rg BT 72.75 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 81.34 595.30 Td (options ) Tj ET Q q 0 0 0 rg BT 106.82 595.30 Td (allow ) Tj ET Q q 0 0 0 rg BT 126.51 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 138.21 595.30 Td (holders ) Tj ET Q q 0 0 0 rg BT 163.68 595.30 Td (to ) Tj ET Q q 0 0 0 rg BT 171.82 595.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.18 595.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 224.09 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 232.68 595.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 251.51 595.30 Td (A) Tj ET Q q 0 0 0 rg BT 256.85 595.30 Td ( ) Tj ET Q q 0 0 0 rg BT 258.77 595.30 Td (common ) Tj ET Q q 0 0 0 rg BT 288.69 595.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 307.49 595.30 Td (at ) Tj ET Q q 0 0 0 rg BT 315.19 595.30 Td (an ) Tj ET Q q 0 0 0 rg BT 324.66 595.30 Td (exercise ) Tj ET Q q 0 0 0 rg BT 352.79 595.30 Td (price, ) Tj ET Q q 0 0 0 rg BT 372.70 595.30 Td (which ) Tj ET Q q 0 0 0 rg BT 394.17 595.30 Td (is ) Tj ET Q q 0 0 0 rg BT 401.43 595.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 433.11 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 444.81 595.30 Td (market ) Tj ET Q q 0 0 0 rg BT 468.94 595.30 Td (price ) Tj ET Q q 0 0 0 rg BT 486.85 595.30 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 521.20 595.30 Td (at ) Tj ET Q q 0 0 0 rg BT 528.90 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 540.60 595.30 Td (date ) Tj ET Q q 0 0 0 rg BT 555.84 595.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 585.70 Td (the ) Tj ET Q q 0 0 0 rg BT 61.18 585.70 Td (grant, ) Tj ET Q q 0 0 0 rg BT 81.53 585.70 Td (with ) Tj ET Q q 0 0 0 rg BT 97.66 585.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 122.67 585.70 Td (between ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 151.23 585.70 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.78 585.70 Td ( ) Tj ET Q q 0 0 0 rg BT 164.69 585.70 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 178.15 585.70 Td (four) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.48 585.70 Td ( ) Tj ET Q q 0 0 0 rg BT 193.38 585.70 Td (years ) Tj ET Q q 0 0 0 rg BT 212.17 585.70 Td (after ) Tj ET Q q 0 0 0 rg BT 228.73 585.70 Td (the ) Tj ET Q q 0 0 0 rg BT 240.41 585.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 264.97 585.70 Td (are ) Tj ET Q q 0 0 0 rg BT 276.65 585.70 Td (granted. ) Tj ET Q q 0 0 0 rg BT 304.12 585.70 Td (A) Tj ET Q q 0 0 0 rg BT 309.46 585.70 Td ( ) Tj ET Q q 0 0 0 rg BT 311.36 585.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 343.04 585.70 Td (of ) Tj ET Q q 0 0 0 rg BT 351.62 585.70 Td (option ) Tj ET Q q 0 0 0 rg BT 373.97 585.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 399.87 585.70 Td (for ) Tj ET Q q 0 0 0 rg BT 411.10 585.70 Td (the ) Tj ET Q q 0 0 0 rg BT 422.78 585.70 Td (twelve ) Tj ET Q q 0 0 0 rg BT 446.01 585.70 Td (months ) Tj ET Q q 0 0 0 rg BT 471.48 585.70 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.49 585.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.26 585.70 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.26 585.70 Td ( ) Tj ET Q q 0 0 0 rg BT 557.17 585.70 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 576.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 82.15 576.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 521.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 521.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 521.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 521.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 521.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 521.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 521.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 521.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 494.60 225.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 494.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 494.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 494.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 494.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 494.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 467.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 467.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 467.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 467.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 467.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 467.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 467.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 467.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 440.60 225.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 440.60 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 440.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 440.60 69.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 440.60 69.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 275 521.6 m 343 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347 521.6 m 416 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 521.6 m 489 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 521.6 m 562 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 275 521.6 m 343 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 347 521.6 m 416 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 420 521.6 m 489 521.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 521.6 m 562 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 467.6 m 343 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 467.6 m 416 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 467.6 m 489 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 467.6 m 562 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 440.6 m 343 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 428.6 m 343 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 426.6 m 343 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 440.6 m 416 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 428.6 m 416 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 426.6 m 416 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 440.6 m 489 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 428.6 m 489 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 426.6 m 489 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 440.6 m 562 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 428.6 m 562 428.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 426.6 m 562 426.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 525.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 316.50 525.83 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.65 541.83 Td (Weighted Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.60 533.83 Td (Exercise Price per) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.60 525.83 Td (Share) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.65 549.83 Td (Weighted Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.15 541.83 Td (Remaining) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.90 533.83 Td (Contractual Term) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.95 525.83 Td (\(years\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.55 533.83 Td (Aggregate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.00 525.83 Td (Intrinsic Value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 512.83 Td (Outstanding at January 1, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.80 512.83 Td (2,219,625) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 512.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.80 512.83 Td (31.51) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.50 512.83 Td (4.06) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.50 512.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.80 512.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 498.85 Td (Exchanged ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 108.04 502.48 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.10 498.85 Td (\(1,618,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.80 498.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 498.85 Td (31.54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 484.85 Td (Forfeited) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.10 484.85 Td (\(136,125) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.80 484.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 484.85 Td (33.36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.50 471.85 Td (Expired) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.10 471.85 Td (\(75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.80 471.85 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 471.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 471.85 Td (49.71) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 458.83 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 97.18 458.83 Td (at ) Tj ET Q q 0 0 0 rg BT 105.85 458.83 Td (December) Tj ET Q q 0 0 0 rg BT 140.42 458.83 Td ( ) Tj ET Q q 0 0 0 rg BT 142.35 458.83 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.35 458.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.50 458.83 Td (390,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 458.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.80 458.83 Td (27.26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.50 458.83 Td (1.40) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.50 458.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.80 458.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 444.85 Td (V) Tj ET Q q 0 0 0 rg BT 57.39 444.85 Td (ested ) Tj ET Q q 0 0 0 rg BT 75.83 444.85 Td (or ) Tj ET Q q 0 0 0 rg BT 84.49 444.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 114.92 444.85 Td (to ) Tj ET Q q 0 0 0 rg BT 123.14 444.85 Td (vest) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.80 444.85 Td (390,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 444.85 Td (27.26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.50 444.85 Td (1.40) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 444.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 431.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 68.79 431.83 Td (cisable ) Tj ET Q q 0 0 0 rg BT 93.90 431.83 Td (at ) Tj ET Q q 0 0 0 rg BT 102.57 431.83 Td (December) Tj ET Q q 0 0 0 rg BT 137.07 431.83 Td ( ) Tj ET Q q 0 0 0 rg BT 139.07 431.83 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.07 431.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.80 431.83 Td (390,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 431.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.80 431.83 Td (27.26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.50 431.83 Td (1.40) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.50 431.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.80 431.83 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 419.13 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 415.50 Td (Options ) Tj ET Q q 0 0 0 rg BT 112.84 415.50 Td (tendered ) Tj ET Q q 0 0 0 rg BT 142.38 415.50 Td (in ) Tj ET Q q 0 0 0 rg BT 150.60 415.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 182.80 415.50 Td (for ) Tj ET Q q 0 0 0 rg BT 194.13 415.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 225.89 415.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.78 415.50 Td (units ) Tj ET Q q 0 0 0 rg BT 262.34 415.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 291.89 415.50 Td (to ) Tj ET Q q 0 0 0 rg BT 300.11 415.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.88 415.50 Td (employee ) Tj ET Q q 0 0 0 rg BT 344.98 415.50 Td (option ) Tj ET Q q 0 0 0 rg BT 367.43 415.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 399.63 415.50 Td (program ) Tj ET Q q 0 0 0 rg BT 428.73 415.50 Td (described ) Tj ET Q q 0 0 0 rg BT 461.38 415.50 Td (below) Tj ET Q q 0 0 0 rg BT 480.41 415.50 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 399.90 Td (When ) Tj ET Q q 0 0 0 rg BT 70.46 399.90 Td (options ) Tj ET Q q 0 0 0 rg BT 95.87 399.90 Td (are ) Tj ET Q q 0 0 0 rg BT 107.50 399.90 Td (vested, ) Tj ET Q q 0 0 0 rg BT 131.79 399.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 157.20 399.90 Td (may ) Tj ET Q q 0 0 0 rg BT 172.83 399.90 Td (exercise ) Tj ET Q q 0 0 0 rg BT 200.89 399.90 Td (them ) Tj ET Q q 0 0 0 rg BT 218.74 399.90 Td (at ) Tj ET Q q 0 0 0 rg BT 226.37 399.90 Td (any ) Tj ET Q q 0 0 0 rg BT 239.78 399.90 Td (time ) Tj ET Q q 0 0 0 rg BT 255.85 399.90 Td (up ) Tj ET Q q 0 0 0 rg BT 265.71 399.90 Td (to ) Tj ET Q q 0 0 0 rg BT 273.79 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 285.42 399.90 Td (maximum ) Tj ET Q q 0 0 0 rg BT 319.71 399.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 357.11 399.90 Td (life ) Tj ET Q q 0 0 0 rg BT 369.62 399.90 Td (of ) Tj ET Q q 0 0 0 rg BT 378.14 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 389.77 399.90 Td (instrument ) Tj ET Q q 0 0 0 rg BT 425.85 399.90 Td (which ) Tj ET Q q 0 0 0 rg BT 447.25 399.90 Td (is ) Tj ET Q q 0 0 0 rg BT 454.45 399.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 485.18 399.90 Td (in ) Tj ET Q q 0 0 0 rg BT 493.26 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 399.90 Td (option ) Tj ET Q q 0 0 0 rg BT 527.19 399.90 Td (agreement. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 390.30 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.04 390.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 105.44 390.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 121.44 390.30 Td (, ) Tj ET Q q 0 0 0 rg BT 124.98 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 136.29 390.30 Td (maximum ) Tj ET Q q 0 0 0 rg BT 170.27 390.30 Td (life ) Tj ET Q q 0 0 0 rg BT 182.47 390.30 Td (of ) Tj ET Q q 0 0 0 rg BT 190.67 390.30 Td (options ) Tj ET Q q 0 0 0 rg BT 215.77 390.30 Td (that ) Tj ET Q q 0 0 0 rg BT 229.30 390.30 Td (had ) Tj ET Q q 0 0 0 rg BT 242.39 390.30 Td (been ) Tj ET Q q 0 0 0 rg BT 259.03 390.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 280.57 390.30 Td (under ) Tj ET Q q 0 0 0 rg BT 300.32 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 311.63 390.30 Td (Plan ) Tj ET Q q 0 0 0 rg BT 327.40 390.30 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.38 390.30 Td (ten ) Tj ET Q q 0 0 0 rg BT 352.69 390.30 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.57 390.30 Td (. ) Tj ET Q q 0 0 0 rg BT 373.10 390.30 Td (Upon ) Tj ET Q q 0 0 0 rg BT 392.42 390.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 425.07 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 436.38 390.30 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 474.34 390.30 Td (written ) Tj ET Q q 0 0 0 rg BT 498.54 390.30 Td (notification, ) Tj ET Q q 0 0 0 rg BT 538.96 390.30 Td (holders ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 380.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 63.05 380.70 Td (the ) Tj ET Q q 0 0 0 rg BT 74.82 380.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 103.03 380.70 Td (price ) Tj ET Q q 0 0 0 rg BT 121.02 380.70 Td (and ) Tj ET Q q 0 0 0 rg BT 134.57 380.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 159.66 380.70 Td (shares. ) Tj ET Q q 0 0 0 rg BT 183.65 380.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 206.98 380.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 238.74 380.70 Td (under ) Tj ET Q q 0 0 0 rg BT 258.95 380.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.73 380.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 286.95 380.70 Td (are ) Tj ET Q q 0 0 0 rg BT 298.71 380.70 Td (newly ) Tj ET Q q 0 0 0 rg BT 320.27 380.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 342.27 380.70 Td (shares. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (At ) Tj ET Q q 0 0 0 rg BT 59.45 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.18 365.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 94.46 365.10 Td (general ) Tj ET Q q 0 0 0 rg BT 119.95 365.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 147.67 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.29 365.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 175.58 365.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 190.64 365.10 Td (held ) Tj ET Q q 0 0 0 rg BT 206.37 365.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.32 365.10 Td (June ) Tj ET Q q 0 0 0 rg BT 232.94 365.10 Td (13, ) Tj ET Q q 0 0 0 rg BT 244.89 365.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 264.84 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.57 365.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 318.95 365.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 350.67 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 360.18 365.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 393.23 365.10 Td (option ) Tj ET Q q 0 0 0 rg BT 415.63 365.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 447.78 365.10 Td (program ) Tj ET Q q 0 0 0 rg BT 476.84 365.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 506.33 365.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 542.50 365.10 Td (would ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 355.50 Td (be ) Tj ET Q q 0 0 0 rg BT 58.45 355.50 Td (given ) Tj ET Q q 0 0 0 rg BT 77.63 355.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.81 355.50 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 127.54 355.50 Td (to ) Tj ET Q q 0 0 0 rg BT 135.17 355.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 166.78 355.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 189.94 355.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 228.68 355.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 246.97 355.50 Td (options ) Tj ET Q q 0 0 0 rg BT 271.93 355.50 Td (for ) Tj ET Q q 0 0 0 rg BT 282.66 355.50 Td (a ) Tj ET Q q 0 0 0 rg BT 287.61 355.50 Td (lesser ) Tj ET Q q 0 0 0 rg BT 307.23 355.50 Td (number ) Tj ET Q q 0 0 0 rg BT 333.07 355.50 Td (of ) Tj ET Q q 0 0 0 rg BT 341.14 355.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 372.30 355.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 390.59 355.50 Td (units ) Tj ET Q q 0 0 0 rg BT 407.56 355.50 Td (\("RSUs"\). ) Tj ET Q q 0 0 0 rg BT 441.39 355.50 Td (The ) Tj ET Q q 0 0 0 rg BT 455.23 355.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 486.84 355.50 Td (program ) Tj ET Q q 0 0 0 rg BT 515.35 355.50 Td (was ) Tj ET Q q 0 0 0 rg BT 529.19 355.50 Td (completed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 345.90 Td (on ) Tj ET Q q 0 0 0 rg BT 59.50 345.90 Td (June ) Tj ET Q q 0 0 0 rg BT 76.16 345.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 88.16 345.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 108.15 345.90 Td (at ) Tj ET Q q 0 0 0 rg BT 115.92 345.90 Td (which ) Tj ET Q q 0 0 0 rg BT 137.47 345.90 Td (time ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.69 345.90 Td (1,618,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.69 345.90 Td ( ) Tj ET Q q 0 0 0 rg BT 187.68 345.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 227.01 345.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.90 345.90 Td (options ) Tj ET Q q 0 0 0 rg BT 271.45 345.90 Td (were ) Tj ET Q q 0 0 0 rg BT 288.99 345.90 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 325.19 345.90 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.52 345.90 Td (545,136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.52 345.90 Td ( ) Tj ET Q q 0 0 0 rg BT 364.51 345.90 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 387.04 345.90 Td (The ) Tj ET Q q 0 0 0 rg BT 401.48 345.90 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 446.56 345.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 493.00 345.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 520.76 345.90 Td (related ) Tj ET Q q 0 0 0 rg BT 544.52 345.90 Td (to ) Tj ET Q q 0 0 0 rg BT 552.74 345.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 336.30 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 85.70 336.30 Td (options ) Tj ET Q q 0 0 0 rg BT 111.26 336.30 Td (is ) Tj ET Q q 0 0 0 rg BT 118.60 336.30 Td (being ) Tj ET Q q 0 0 0 rg BT 138.37 336.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 175.46 336.30 Td (ratably ) Tj ET Q q 0 0 0 rg BT 199.67 336.30 Td (over ) Tj ET Q q 0 0 0 rg BT 215.89 336.30 Td (the ) Tj ET Q q 0 0 0 rg BT 227.66 336.30 Td (requisite ) Tj ET Q q 0 0 0 rg BT 257.21 336.30 Td (service ) Tj ET Q q 0 0 0 rg BT 281.86 336.30 Td (period ) Tj ET Q q 0 0 0 rg BT 304.30 336.30 Td (of ) Tj ET Q q 0 0 0 rg BT 312.96 336.30 Td (the ) Tj ET Q q 0 0 0 rg BT 324.73 336.30 Td (replacement ) Tj ET Q q 0 0 0 rg BT 365.82 336.30 Td (RSUs.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 320.70 Td (The ) Tj ET Q q 0 0 0 rg BT 63.56 320.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 76.29 320.70 Td (value ) Tj ET Q q 0 0 0 rg BT 95.23 320.70 Td (of ) Tj ET Q q 0 0 0 rg BT 103.52 320.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 122.03 320.70 Td (options ) Tj ET Q q 0 0 0 rg BT 147.21 320.70 Td (is ) Tj ET Q q 0 0 0 rg BT 154.17 320.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 186.45 320.70 Td (on ) Tj ET Q q 0 0 0 rg BT 196.07 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 207.47 320.70 Td (grant ) Tj ET Q q 0 0 0 rg BT 225.53 320.70 Td (date ) Tj ET Q q 0 0 0 rg BT 240.48 320.70 Td (using ) Tj ET Q q 0 0 0 rg BT 259.44 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.83 320.70 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 318.67 320.70 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 366.06 320.70 Td (model ) Tj ET Q q 0 0 0 rg BT 387.68 320.70 Td (and ) Tj ET Q q 0 0 0 rg BT 400.85 320.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 437.56 320.70 Td (ratably ) Tj ET Q q 0 0 0 rg BT 461.40 320.70 Td (over ) Tj ET Q q 0 0 0 rg BT 477.24 320.70 Td (the ) Tj ET Q q 0 0 0 rg BT 488.63 320.70 Td (requisite ) Tj ET Q q 0 0 0 rg BT 517.80 320.70 Td (service ) Tj ET Q q 0 0 0 rg BT 542.08 320.70 Td (period ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 58.16 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 63.71 311.10 Td (component ) Tj ET Q q 0 0 0 rg BT 101.26 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.93 311.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 135.26 311.10 Td (general ) Tj ET Q q 0 0 0 rg BT 160.80 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.35 311.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 222.11 311.10 Td (expenses.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 295.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.91 295.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 96.98 295.50 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 125.17 295.50 Td (value ) Tj ET Q q 0 0 0 rg BT 144.47 295.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 158.89 295.50 Td (dif) Tj ET Q q 0 0 0 rg BT 167.63 295.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 193.13 295.50 Td (between ) Tj ET Q q 0 0 0 rg BT 221.76 295.50 Td (the ) Tj ET Q q 0 0 0 rg BT 233.51 295.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.37 295.50 Td (price ) Tj ET Q q 0 0 0 rg BT 270.34 295.50 Td (on ) Tj ET Q q 0 0 0 rg BT 280.31 295.50 Td (the ) Tj ET Q q 0 0 0 rg BT 292.06 295.50 Td (last ) Tj ET Q q 0 0 0 rg BT 305.15 295.50 Td (day ) Tj ET Q q 0 0 0 rg BT 318.67 295.50 Td (of ) Tj ET Q q 0 0 0 rg BT 327.31 295.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 351.95 295.50 Td (of ) Tj ET Q q 0 0 0 rg BT 360.59 295.50 Td (the ) Tj ET Q q 0 0 0 rg BT 372.34 295.50 Td (fourth ) Tj ET Q q 0 0 0 rg BT 393.86 295.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 418.49 295.50 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.13 295.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.13 295.50 Td ( ) Tj ET Q q 0 0 0 rg BT 445.11 295.50 Td (and ) Tj ET Q q 0 0 0 rg BT 458.63 295.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.38 295.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 498.56 295.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 519.64 295.50 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 554.50 295.50 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 285.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.24 285.90 Td (number ) Tj ET Q q 0 0 0 rg BT 87.64 285.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.27 285.90 Td (in-the-money ) Tj ET Q q 0 0 0 rg BT 141.33 285.90 Td (options\) ) Tj ET Q q 0 0 0 rg BT 169.51 285.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 203.91 285.90 Td (the ) Tj ET Q q 0 0 0 rg BT 215.65 285.90 Td (total ) Tj ET Q q 0 0 0 rg BT 231.83 285.90 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 260.01 285.90 Td (value ) Tj ET Q q 0 0 0 rg BT 279.30 285.90 Td (that ) Tj ET Q q 0 0 0 rg BT 293.26 285.90 Td (would ) Tj ET Q q 0 0 0 rg BT 315.22 285.90 Td (have ) Tj ET Q q 0 0 0 rg BT 332.29 285.90 Td (been ) Tj ET Q q 0 0 0 rg BT 349.35 285.90 Td (received ) Tj ET Q q 0 0 0 rg BT 378.41 285.90 Td (by ) Tj ET Q q 0 0 0 rg BT 388.37 285.90 Td (the ) Tj ET Q q 0 0 0 rg BT 400.11 285.90 Td (option ) Tj ET Q q 0 0 0 rg BT 422.52 285.90 Td (holders ) Tj ET Q q 0 0 0 rg BT 448.03 285.90 Td (had ) Tj ET Q q 0 0 0 rg BT 461.55 285.90 Td (they ) Tj ET Q q 0 0 0 rg BT 477.28 285.90 Td (exercised ) Tj ET Q q 0 0 0 rg BT 509.45 285.90 Td (all ) Tj ET Q q 0 0 0 rg BT 519.41 285.90 Td (in-the-money ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 276.30 Td (options ) Tj ET Q q 0 0 0 rg BT 75.06 276.30 Td (as ) Tj ET Q q 0 0 0 rg BT 83.72 276.30 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 91.50 276.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 138.36 276.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 154.36 276.30 Td (. ) Tj ET Q q 0 0 0 rg BT 158.22 276.30 Td (This ) Tj ET Q q 0 0 0 rg BT 174.44 276.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 200.44 276.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 228.20 276.30 Td (based ) Tj ET Q q 0 0 0 rg BT 248.42 276.30 Td (on ) Tj ET Q q 0 0 0 rg BT 258.42 276.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.19 276.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.29 276.30 Td (value ) Tj ET Q q 0 0 0 rg BT 302.62 276.30 Td (of ) Tj ET Q q 0 0 0 rg BT 311.28 276.30 Td (our ) Tj ET Q q 0 0 0 rg BT 323.95 276.30 Td (common ) Tj ET Q q 0 0 0 rg BT 353.94 276.30 Td (stock. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 260.70 Td (There ) Tj ET Q q 0 0 0 rg BT 70.59 260.70 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 88.56 260.70 Td (no) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 96.56 260.70 Td ( ) Tj ET Q q 0 0 0 rg BT 99.00 260.70 Td (options ) Tj ET Q q 0 0 0 rg BT 124.99 260.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 151.42 260.70 Td (during ) Tj ET Q q 0 0 0 rg BT 174.74 260.70 Td (the ) Tj ET Q q 0 0 0 rg BT 186.94 260.70 Td (years ) Tj ET Q q 0 0 0 rg BT 206.26 260.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 227.79 260.70 Td (December ) Tj ET Q q 0 0 0 rg BT 263.10 260.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.53 260.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 293.96 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 307.95 260.70 Td (2012. ) Tj ET Q q 0 0 0 rg BT 328.21 260.70 Td (The ) Tj ET Q q 0 0 0 rg BT 343.08 260.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 374.84 260.70 Td (average ) Tj ET Q q 0 0 0 rg BT 402.14 260.70 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 444.13 260.70 Td (used ) Tj ET Q q 0 0 0 rg BT 461.23 260.70 Td (in ) Tj ET Q q 0 0 0 rg BT 469.89 260.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.10 260.70 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 530.74 260.70 Td (model ) Tj ET Q q 0 0 0 rg BT 553.17 260.70 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 71.05 251.10 Td (made ) Tj ET Q q 0 0 0 rg BT 90.38 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.60 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.37 251.10 Td (year ) Tj ET Q q 0 0 0 rg BT 126.14 251.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 149.91 251.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.78 251.10 Td (201) Tj ET Q q 0 0 0 rg BT 208.48 251.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 214.48 251.10 Td (were ) Tj ET Q q 0 0 0 rg BT 232.02 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.69 251.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 225.60 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 225.60 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 195.60 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 195.60 164.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 165.60 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 165.60 164.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398 225.60000000000002 m 562 225.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.50 229.83 Td (For The Year Ending December 31, 2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 214.85 Td (Risk-free interest rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 214.85 Td (1.67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 214.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 199.85 Td (Expected term \(years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.50 199.85 Td (4.82) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 184.85 Td (Expected volatility) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 184.85 Td (57.90) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 184.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 169.85 Td (Dividend yield) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 169.85 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 169.85 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 154.85 Td (Weighted-average fair value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.50 154.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 154.85 Td (10.98) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (The following table summarizes information about stock option activity during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.56 723.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.56 723.50 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.56 723.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.56 723.50 Td (, and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.11 723.50 Td (201) Tj ET Q q 0 0 0 rg BT 369.81 723.50 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.81 723.50 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 669.00 102.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 669.00 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 669.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 669.00 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 669.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 669.00 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 669.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 669.00 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 669.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 669.00 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 669.00 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 669.00 65.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 633.00 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 633.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 633.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 633.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 633.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 633.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 633.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 633.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 633.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 633.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 633.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 633.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 603.00 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 603.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 603.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 603.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 603.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 603.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 603.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 603.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 603.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 603.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 603.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 603.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 573.00 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 151.50 573.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 573.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 573.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 573.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 573.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 573.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 573.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 573.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 573.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 573.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 573.00 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 698 m 216.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 698 m 220.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 698 m 285.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 698 m 354.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 698 m 358.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 698 m 423.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 698 m 492.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 698 m 496.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 698 m 561.5 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 669 m 216.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 669 m 285.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 669 m 354.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 669 m 423.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 669 m 492.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 669 m 561.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 669 m 216.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 669 m 285.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 669 m 354.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 669 m 423.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 669 m 492.5 669 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 669 m 561.5 669 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 573 m 216.5 573 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 559 m 216.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 557 m 216.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 573 m 285.5 573 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 559 m 285.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 557 m 285.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 573 m 354.5 573 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 559 m 354.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 557 m 354.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 573 m 423.5 573 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 559 m 423.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 557 m 423.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 573 m 492.5 573 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 559 m 492.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 557 m 492.5 557 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 573 m 561.5 573 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 559 m 561.5 559 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 557 m 561.5 557 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 210.00 702.23 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.00 702.23 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.00 702.23 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 190.00 673.23 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.55 689.23 Td (Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.40 681.23 Td (Average Exercise) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.95 673.23 Td (Price \(per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.00 673.23 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.55 689.23 Td (Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.40 681.23 Td (Average Exercise) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.95 673.23 Td (Price \(per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.00 673.23 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.55 689.23 Td (Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.40 681.23 Td (Average Exercise) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.95 673.23 Td (Price \(per share\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 660.23 Td (Outstanding at beginning of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 652.23 Td (year) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 181.00 652.23 Td (2,219,625) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.00 652.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.30 652.23 Td (31.51) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.30 652.23 Td (2,901,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.00 652.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.30 652.23 Td (32.86) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.30 652.23 Td (2,539,062) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.00 652.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.30 652.23 Td (35.44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 637.25 Td (Awards granted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.30 637.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.30 637.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.30 637.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.30 637.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 637.25 Td (555,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 637.25 Td (22.33) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 622.25 Td (Awards exchanged) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.65 622.25 Td (\(1,618,000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.00 622.25 Td (31.54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.30 622.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.30 622.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.30 622.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 622.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 607.25 Td (Awards exercised) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.30 607.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.30 607.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.60 607.25 Td (\(16,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.30 607.25 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.30 607.25 Td (2.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.60 607.25 Td (\(23,625) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 607.25 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 607.25 Td (10.23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 592.25 Td (Awards forfeited) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 181.65 592.25 Td (\(136,125\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.00 592.25 Td (33.36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.60 592.25 Td (\(636,062) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.30 592.25 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.30 592.25 Td (35.61) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.60 592.25 Td (\(168,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 592.25 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 592.25 Td (40.17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 577.25 Td (Awards expired) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.65 577.25 Td (\(75,000\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.00 577.25 Td (49.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.60 577.25 Td (\(30,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.30 577.25 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.30 577.25 Td (90.54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.30 577.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 577.25 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 562.23 Td (Outstanding at end of year) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 562.23 Td (390,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.00 562.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.30 562.23 Td (27.26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 319.30 562.23 Td (2,219,625) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.00 562.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.30 562.23 Td (31.51) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.30 562.23 Td (2,901,687) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.00 562.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.30 562.23 Td (32.86) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 542.90 Td (As at December 31, 2013, all of our outstanding stock options are exercisable. ) Tj ET Q q 0 0 0 rg BT 301.73 542.90 Td (The following table summarizes information about stock options outstanding and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 533.30 Td (exercisable at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.25 533.30 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.12 533.30 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 472.80 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 472.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 472.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 472.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 472.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 472.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 472.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 472.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 442.80 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 442.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 442.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 442.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 442.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 442.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 442.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 442.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 412.80 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 412.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 412.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 412.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 412.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 412.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 412.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 412.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 382.80 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 382.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 382.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 382.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 382.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 382.80 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.80 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 509.8 m 357.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 509.8 m 361.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 509.8 m 425.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 509.8 m 429.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 509.8 m 493.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 509.8 m 497.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 509.8 m 561.5 509.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 472.8 m 357.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 472.8 m 425.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 472.8 m 493.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 472.8 m 561.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 472.8 m 357.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 472.8 m 425.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 472.8 m 493.5 472.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 472.8 m 561.5 472.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 382.8 m 357.5 382.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 368.8 m 357.5 368.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 366.8 m 357.5 366.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 382.8 m 425.5 382.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 368.8 m 425.5 368.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 366.8 m 425.5 366.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 382.8 m 493.5 382.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 368.8 m 493.5 368.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 366.8 m 493.5 366.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 382.8 m 561.5 382.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 368.8 m 561.5 368.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 366.8 m 561.5 366.8 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.95 514.03 Td (Options outstanding and exercisable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 477.03 Td (Range of exercise prices) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.00 477.03 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.15 501.03 Td (Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.00 493.03 Td (remaining) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.20 485.03 Td (contractual life) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.45 477.03 Td (\(years\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.05 485.03 Td (Aggregate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.30 477.03 Td (intrinsic value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.55 493.03 Td (Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.40 485.03 Td (average exercise) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.40 477.03 Td (price \(per share\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 462.05 Td ($ 0.01 - 20.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.30 462.05 Td (73,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 462.05 Td (0.55) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 462.05 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 462.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 462.05 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 462.05 Td (17.64) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 447.05 Td ($ 20.01 - 40.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.30 447.05 Td (258,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 447.05 Td (1.51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 447.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 447.05 Td (23.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 432.05 Td ($ 40.01 - 60.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.30 432.05 Td (49,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 432.05 Td (1.88) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 432.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 432.05 Td (51.29) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 417.05 Td ($ 60.01 - 80.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.30 417.05 Td (9,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 417.05 Td (2.61) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 417.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 417.05 Td (65.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 402.05 Td ($ 80.01 - 100.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 402.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 402.05 Td (0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 402.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 402.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 387.05 Td ($ 100.01 - 120.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.30 387.05 Td (1,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 387.05 Td (1.93) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 387.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 387.05 Td (113.56) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 372.03 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.30 372.03 Td (390,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.00 372.03 Td (1.40) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.00 372.03 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.30 372.03 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 500.00 372.03 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.30 372.03 Td (27.26) Tj ET Q BT /F2 10.00 Tf ET BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 349.70 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 83.93 349.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 103.26 349.70 Td (Units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 79.77 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.26 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.30 334.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 118.79 334.10 Td (we ) Tj ET Q q 0 0 0 rg BT 130.38 334.10 Td (may ) Tj ET Q q 0 0 0 rg BT 146.43 334.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 165.13 334.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 186.07 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.56 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.50 334.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 243.97 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.79 334.10 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 305.82 334.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 338.08 334.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 356.33 334.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 374.16 334.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 408.86 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.68 334.10 Td (right ) Tj ET Q q 0 0 0 rg BT 432.06 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.55 334.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 465.90 334.10 Td (one ) Tj ET Q q 0 0 0 rg BT 479.72 334.10 Td (share ) Tj ET Q q 0 0 0 rg BT 498.87 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.80 334.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 526.90 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 532.24 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.51 334.10 Td (common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 324.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 68.27 324.50 Td (of ) Tj ET Q q 0 0 0 rg BT 76.81 324.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.46 324.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.45 324.50 Td (for ) Tj ET Q q 0 0 0 rg BT 132.66 324.50 Td (each ) Tj ET Q q 0 0 0 rg BT 149.19 324.50 Td (RSU ) Tj ET Q q 0 0 0 rg BT 166.63 324.50 Td (that ) Tj ET Q q 0 0 0 rg BT 180.50 324.50 Td (vests ) Tj ET Q q 0 0 0 rg BT 198.38 324.50 Td (in ) Tj ET Q q 0 0 0 rg BT 206.48 324.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 244.33 324.50 Td (with ) Tj ET Q q 0 0 0 rg BT 260.43 324.50 Td (the ) Tj ET Q q 0 0 0 rg BT 272.09 324.50 Td (vesting ) Tj ET Q q 0 0 0 rg BT 297.07 324.50 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 328.94 324.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 360.58 324.50 Td (between ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.11 324.50 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.66 324.50 Td ( ) Tj ET Q q 0 0 0 rg BT 402.54 324.50 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.64 324.50 Td (four) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.97 324.50 Td ( ) Tj ET Q q 0 0 0 rg BT 425.85 324.50 Td (years ) Tj ET Q q 0 0 0 rg BT 444.61 324.50 Td (from ) Tj ET Q q 0 0 0 rg BT 462.04 324.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.69 324.50 Td (date ) Tj ET Q q 0 0 0 rg BT 488.89 324.50 Td (of ) Tj ET Q q 0 0 0 rg BT 497.44 324.50 Td (grant. ) Tj ET Q q 0 0 0 rg BT 517.75 324.50 Td (Upon ) Tj ET Q q 0 0 0 rg BT 537.41 324.50 Td (vesting, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 314.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.11 314.90 Td (of ) Tj ET Q q 0 0 0 rg BT 79.39 314.90 Td (CME ) Tj ET Q q 0 0 0 rg BT 98.34 314.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 116.93 314.90 Td (A) Tj ET Q q 0 0 0 rg BT 122.27 314.90 Td ( ) Tj ET Q q 0 0 0 rg BT 123.88 314.90 Td (common ) Tj ET Q q 0 0 0 rg BT 153.50 314.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 172.00 314.90 Td (are ) Tj ET Q q 0 0 0 rg BT 183.38 314.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 204.99 314.90 Td (from ) Tj ET Q q 0 0 0 rg BT 222.16 314.90 Td (authorized ) Tj ET Q q 0 0 0 rg BT 257.54 314.90 Td (but ) Tj ET Q q 0 0 0 rg BT 269.37 314.90 Td (unissued ) Tj ET Q q 0 0 0 rg BT 298.99 314.90 Td (shares. ) Tj ET Q q 0 0 0 rg BT 322.60 314.90 Td (Holders ) Tj ET Q q 0 0 0 rg BT 349.54 314.90 Td (of ) Tj ET Q q 0 0 0 rg BT 357.82 314.90 Td (RSU ) Tj ET Q q 0 0 0 rg BT 375.00 314.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 399.27 314.90 Td (are ) Tj ET Q q 0 0 0 rg BT 410.65 314.90 Td (not ) Tj ET Q q 0 0 0 rg BT 422.49 314.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 448.09 314.90 Td (to ) Tj ET Q q 0 0 0 rg BT 455.93 314.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 480.64 314.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 496.47 314.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 526.08 314.90 Td (equivalents ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 305.30 Td (and ) Tj ET Q q 0 0 0 rg BT 63.36 305.30 Td (are ) Tj ET Q q 0 0 0 rg BT 75.44 305.30 Td (not ) Tj ET Q q 0 0 0 rg BT 87.97 305.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 114.27 305.30 Td (to ) Tj ET Q q 0 0 0 rg BT 122.81 305.30 Td (vote. ) Tj ET Q q 0 0 0 rg BT 140.72 305.30 Td (The ) Tj ET Q q 0 0 0 rg BT 155.47 305.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 174.22 305.30 Td (date ) Tj ET Q q 0 0 0 rg BT 189.85 305.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 203.27 305.30 Td (value ) Tj ET Q q 0 0 0 rg BT 222.90 305.30 Td (of ) Tj ET Q q 0 0 0 rg BT 231.88 305.30 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 252.86 305.30 Td (is ) Tj ET Q q 0 0 0 rg BT 260.51 305.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 295.24 305.30 Td (as ) Tj ET Q q 0 0 0 rg BT 304.22 305.30 Td (the ) Tj ET Q q 0 0 0 rg BT 316.30 305.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 341.72 305.30 Td (price ) Tj ET Q q 0 0 0 rg BT 360.02 305.30 Td (of ) Tj ET Q q 0 0 0 rg BT 368.99 305.30 Td (our ) Tj ET Q q 0 0 0 rg BT 381.97 305.30 Td (class ) Tj ET Q q 0 0 0 rg BT 399.32 305.30 Td (A) Tj ET Q q 0 0 0 rg BT 404.66 305.30 Td ( ) Tj ET Q q 0 0 0 rg BT 406.97 305.30 Td (common ) Tj ET Q q 0 0 0 rg BT 437.27 305.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 459.58 305.30 Td (on ) Tj ET Q q 0 0 0 rg BT 469.89 305.30 Td (the ) Tj ET Q q 0 0 0 rg BT 481.97 305.30 Td (date ) Tj ET Q q 0 0 0 rg BT 497.60 305.30 Td (of ) Tj ET Q q 0 0 0 rg BT 506.58 305.30 Td (grant. ) Tj ET Q q 0 0 0 rg BT 527.33 305.30 Td (For ) Tj ET Q q 0 0 0 rg BT 540.75 305.30 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 295.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 73.86 295.70 Td (with ) Tj ET Q q 0 0 0 rg BT 89.78 295.70 Td (market ) Tj ET Q q 0 0 0 rg BT 113.69 295.70 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 150.72 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 162.20 295.70 Td (grant ) Tj ET Q q 0 0 0 rg BT 180.33 295.70 Td (date ) Tj ET Q q 0 0 0 rg BT 195.36 295.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.16 295.70 Td (value ) Tj ET Q q 0 0 0 rg BT 227.18 295.70 Td (is ) Tj ET Q q 0 0 0 rg BT 234.22 295.70 Td (calculated ) Tj ET Q q 0 0 0 rg BT 268.34 295.70 Td (using ) Tj ET Q q 0 0 0 rg BT 287.38 295.70 Td (a ) Tj ET Q q 0 0 0 rg BT 292.63 295.70 Td (Monte ) Tj ET Q q 0 0 0 rg BT 315.22 295.70 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 334.69 295.70 Td (simulation ) Tj ET Q q 0 0 0 rg BT 370.17 295.70 Td (model. ) Tj ET Q q 0 0 0 rg BT 393.74 295.70 Td (The ) Tj ET Q q 0 0 0 rg BT 407.88 295.70 Td (Monte ) Tj ET Q q 0 0 0 rg BT 430.47 295.70 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 449.94 295.70 Td (simulation ) Tj ET Q q 0 0 0 rg BT 485.42 295.70 Td (model ) Tj ET Q q 0 0 0 rg BT 507.11 295.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 534.58 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 546.05 295.70 Td (input ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.04 286.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 92.35 286.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 135.78 286.10 Td (including ) Tj ET Q q 0 0 0 rg BT 167.88 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.53 286.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.83 286.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 240.59 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.13 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.67 286.10 Td (common ) Tj ET Q q 0 0 0 rg BT 291.54 286.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 312.31 286.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.73 286.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 356.71 286.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 386.58 286.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 407.57 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.99 286.10 Td (correlation ) Tj ET Q q 0 0 0 rg BT 457.52 286.10 Td (coef) Tj ET Q q 0 0 0 rg BT 471.14 286.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 493.45 286.10 Td (between ) Tj ET Q q 0 0 0 rg BT 521.98 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.52 286.10 Td (common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 276.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 68.39 276.50 Td (and ) Tj ET Q q 0 0 0 rg BT 81.94 276.50 Td (the ) Tj ET Q q 0 0 0 rg BT 93.71 276.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 121.47 276.50 Td (market ) Tj ET Q q 0 0 0 rg BT 145.68 276.50 Td (index.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 260.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 260.90 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 260.90 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 260.90 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 154.80 260.90 Td (information ) Tj ET Q q 0 0 0 rg BT 194.57 260.90 Td (about ) Tj ET Q q 0 0 0 rg BT 214.35 260.90 Td (unvested ) Tj ET Q q 0 0 0 rg BT 244.79 260.90 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 265.46 260.90 Td (as ) Tj ET Q q 0 0 0 rg BT 274.13 260.90 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.90 260.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 328.77 260.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.77 260.90 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 229.40 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 229.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 229.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 229.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 199.40 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 199.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 199.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 199.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 169.40 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 169.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 169.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 169.40 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 229.39999999999998 m 457.5 229.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 229.39999999999998 m 561.5 229.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 229.39999999999998 m 457.5 229.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 229.39999999999998 m 561.5 229.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 154.39999999999998 m 457.5 154.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 140.39999999999998 m 457.5 140.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 138.39999999999998 m 457.5 138.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 154.39999999999998 m 561.5 154.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 140.39999999999998 m 561.5 140.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 138.39999999999998 m 561.5 138.39999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.00 241.63 Td (Number) Tj ET Q q 0 0 0 rg BT 445.30 241.63 Td ( of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.55 233.63 Td (Shar) Tj ET Q q 0 0 0 rg BT 426.85 233.63 Td (es/Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.05 241.63 Td (W) Tj ET Q q 0 0 0 rg BT 502.61 241.63 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 535.34 241.63 Td (verage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.45 233.63 Td (GrantDate Fair) Tj ET Q q 0 0 0 rg BT 536.84 233.63 Td ( ) Tj ET Q q 0 0 0 rg BT 538.70 233.63 Td (V) Tj ET Q q 0 0 0 rg BT 543.74 233.63 Td (alue ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 220.08 Td (Unvested at December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.30 218.63 Td (584,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.30 218.63 Td (5.61) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 205.00 Td (Granted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 203.65 Td (670,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 203.65 Td (2.60) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 190.00 Td (Granted - option exchange program) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 188.65 Td (545,136) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 188.65 Td (3.27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 175.00 Td (Vested) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.60 173.65 Td (\(564,632) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 173.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 173.65 Td (5.68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 160.00 Td (Forfeited) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.60 158.65 Td (\(217,382) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.30 158.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.30 158.65 Td (4.32) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 145.08 Td (Unvested at December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.30 143.63 Td (1,017,622) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 544.30 143.63 Td (3.79) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 124.30 Td (As ) Tj ET Q q 0 0 0 rg BT 61.11 124.30 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 69.60 124.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 117.19 124.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 133.19 124.30 Td (, ) Tj ET Q q 0 0 0 rg BT 137.91 124.30 Td (the ) Tj ET Q q 0 0 0 rg BT 150.40 124.30 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 179.34 124.30 Td (value ) Tj ET Q q 0 0 0 rg BT 199.38 124.30 Td (of ) Tj ET Q q 0 0 0 rg BT 208.76 124.30 Td (unvested ) Tj ET Q q 0 0 0 rg BT 239.92 124.30 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 261.31 124.30 Td (was ) Tj ET Q q 0 0 0 rg BT 276.47 124.30 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.42 124.30 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 306.14 124.30 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.25 124.30 Td (. ) Tj ET Q q 0 0 0 rg BT 333.77 124.30 Td (T) Tj ET Q q 0 0 0 rg BT 338.10 124.30 Td (otal ) Tj ET Q q 0 0 0 rg BT 352.82 124.30 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 398.62 124.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 445.78 124.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 461.38 124.30 Td (related ) Tj ET Q q 0 0 0 rg BT 485.86 124.30 Td (to ) Tj ET Q q 0 0 0 rg BT 494.80 124.30 Td (unvested ) Tj ET Q q 0 0 0 rg BT 525.96 124.30 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 547.35 124.30 Td (as ) Tj ET Q q 0 0 0 rg BT 556.74 124.30 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 114.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 96.37 114.70 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.37 114.70 Td ( ) Tj ET Q q 0 0 0 rg BT 114.37 114.70 Td (was ) Tj ET Q q 0 0 0 rg BT 128.81 114.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.04 114.70 Td (5.5 ) Tj ET Q q 0 0 0 rg BT 157.04 114.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.15 114.70 Td ( ) Tj ET Q q 0 0 0 rg BT 182.15 114.70 Td (and ) Tj ET Q q 0 0 0 rg BT 195.70 114.70 Td (is ) Tj ET Q q 0 0 0 rg BT 203.04 114.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 233.46 114.70 Td (to ) Tj ET Q q 0 0 0 rg BT 241.68 114.70 Td (be ) Tj ET Q q 0 0 0 rg BT 251.23 114.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 288.32 114.70 Td (over ) Tj ET Q q 0 0 0 rg BT 304.54 114.70 Td (a ) Tj ET Q q 0 0 0 rg BT 310.09 114.70 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 368.95 114.70 Td (period ) Tj ET Q q 0 0 0 rg BT 391.38 114.70 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 114.70 Td (2.4 ) Tj ET Q q 0 0 0 rg BT 412.05 114.70 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.93 114.70 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (18. ) Tj ET Q q 0 0 0 rg BT 67.50 93.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 103.13 93.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.88 93.10 Td (AXES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 77.50 Td (As ) Tj ET Q q 0 0 0 rg BT 60.33 77.50 Td (our ) Tj ET Q q 0 0 0 rg BT 72.93 77.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 113.09 77.50 Td (are ) Tj ET Q q 0 0 0 rg BT 124.79 77.50 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 173.39 77.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 196.65 77.50 Td (by ) Tj ET Q q 0 0 0 rg BT 206.59 77.50 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 228.08 77.50 Td (holding ) Tj ET Q q 0 0 0 rg BT 254.47 77.50 Td (companies, ) Tj ET Q q 0 0 0 rg BT 292.62 77.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.33 77.50 Td (components ) Tj ET Q q 0 0 0 rg BT 344.93 77.50 Td (of ) Tj ET Q q 0 0 0 rg BT 353.53 77.50 Td (the ) Tj ET Q q 0 0 0 rg BT 365.24 77.50 Td (provision ) Tj ET Q q 0 0 0 rg BT 397.40 77.50 Td (/ ) Tj ET Q q 0 0 0 rg BT 401.56 77.50 Td (\(credit\) ) Tj ET Q q 0 0 0 rg BT 427.04 77.50 Td (for ) Tj ET Q q 0 0 0 rg BT 438.31 77.50 Td (income ) Tj ET Q q 0 0 0 rg BT 463.79 77.50 Td (taxes ) Tj ET Q q 0 0 0 rg BT 482.17 77.50 Td (and ) Tj ET Q q 0 0 0 rg BT 495.66 77.50 Td (of ) Tj ET Q q 0 0 0 rg BT 504.26 77.50 Td (the ) Tj ET Q q 0 0 0 rg BT 515.97 77.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 530.36 77.50 Td (before ) Tj ET Q q 0 0 0 rg BT 552.73 77.50 Td (tax ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 67.90 Td (have ) Tj ET Q q 0 0 0 rg BT 65.85 67.90 Td (been ) Tj ET Q q 0 0 0 rg BT 82.21 67.90 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 111.89 67.90 Td (between ) Tj ET Q q 0 0 0 rg BT 139.79 67.90 Td (their ) Tj ET Q q 0 0 0 rg BT 155.71 67.90 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 195.61 67.90 Td (and ) Tj ET Q q 0 0 0 rg BT 208.42 67.90 Td (non-Netherlands ) Tj ET Q q 0 0 0 rg BT 262.98 67.90 Td (components. ) Tj ET Q q 0 0 0 rg BT 304.90 67.90 Td (Similarly ) Tj ET Q q 0 0 0 rg BT 335.93 67.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.95 67.90 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 367.76 67.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 399.21 67.90 Td (income ) Tj ET Q q 0 0 0 rg BT 424.01 67.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.04 67.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 451.39 67.90 Td (have ) Tj ET Q q 0 0 0 rg BT 467.75 67.90 Td (been ) Tj ET Q q 0 0 0 rg BT 484.10 67.90 Td (used ) Tj ET Q q 0 0 0 rg BT 500.02 67.90 Td (in ) Tj ET Q q 0 0 0 rg BT 507.50 67.90 Td (the ) Tj ET Q q 0 0 0 rg BT 518.52 67.90 Td (reconciliation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 58.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 58.30 Td (income ) Tj ET Q q 0 0 0 rg BT 83.71 58.30 Td (taxes.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (72) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Loss ) Tj ET Q q 0 0 0 rg BT 66.18 723.45 Td (fr) Tj ET Q q 0 0 0 rg BT 71.21 723.45 Td (om ) Tj ET Q q 0 0 0 rg BT 82.99 723.45 Td (continuing ) Tj ET Q q 0 0 0 rg BT 119.21 723.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 155.43 723.45 Td (befor) Tj ET Q q 0 0 0 rg BT 172.02 723.45 Td (e ) Tj ET Q q 0 0 0 rg BT 177.57 723.45 Td (income ) Tj ET Q q 0 0 0 rg BT 202.68 723.45 Td (taxes:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 707.85 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 104.59 707.85 Td (and ) Tj ET Q q 0 0 0 rg BT 118.14 707.85 Td (non-Netherlands ) Tj ET Q q 0 0 0 rg BT 173.46 707.85 Td (components ) Tj ET Q q 0 0 0 rg BT 214.12 707.85 Td (of ) Tj ET Q q 0 0 0 rg BT 222.78 707.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 237.23 707.85 Td (from ) Tj ET Q q 0 0 0 rg BT 254.78 707.85 Td (continuing ) Tj ET Q q 0 0 0 rg BT 291.00 707.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 326.32 707.85 Td (before ) Tj ET Q q 0 0 0 rg BT 348.75 707.85 Td (income ) Tj ET Q q 0 0 0 rg BT 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 371.95 m 381.5 371.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 387.95 m 471.5 387.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 373.95 m 471.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 371.95 m 471.5 371.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 387.95 m 561.5 387.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 373.95 m 561.5 373.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 371.95 m 561.5 371.95 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.25 542.18 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.00 527.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.00 527.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.00 527.18 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 512.20 Td (Current income tax expense:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 497.20 Td (Domestic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 497.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 497.20 Td (35) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.00 497.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.30 497.20 Td (757) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 497.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 497.20 Td (321) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 482.20 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.30 482.20 Td (819) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 482.20 Td (8,842) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 482.20 Td (10,377) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.30 467.20 Td (854) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 467.20 Td (9,599) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 467.20 Td (10,698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 452.20 Td (Deferred tax benefit:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 437.20 Td (Domestic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.60 437.20 Td (\(157) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 437.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 437.20 Td (1,963) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.60 437.20 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 437.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 422.20 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 422.20 Td (\(17,722) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 422.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 422.20 Td (\(25,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 422.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 422.20 Td (\(6,843) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 422.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 407.20 Td (\(17,879) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 407.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 407.20 Td (\(23,738) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 407.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 407.20 Td (\(6,848) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 407.20 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 377.18 Td (\(Credit\) / provision for income taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 377.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 377.20 Td (\(17,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 377.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.00 377.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 377.20 Td (\(14,139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 377.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 377.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 377.20 Td (3,850) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 357.85 Td (In 2013, the net credit for income taxes primarily reflects tax benefits of losses in jurisdictions where existing taxable temporary dif) Tj ET Q q 0 0 0 rg BT 470.79 357.85 Td (ferences provide evidence ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 348.25 Td (that the tax losses are realizable.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 329.65 Td (Reconciliation ) Tj ET Q q 0 0 0 rg BT 98.15 329.65 Td (of ) Tj ET Q q 0 0 0 rg BT 106.38 329.65 Td (Effective ) Tj ET Q q 0 0 0 rg BT 136.36 329.65 Td (Income ) Tj ET Q q 0 0 0 rg BT 161.90 329.65 Td (T) Tj ET Q q 0 0 0 rg BT 165.61 329.65 Td (ax ) Tj ET Q q 0 0 0 rg BT 175.16 329.65 Td (Rate:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 314.05 Td (The ) Tj ET Q q 0 0 0 rg BT 64.43 314.05 Td (following ) Tj ET Q q 0 0 0 rg BT 98.04 314.05 Td (is ) Tj ET Q q 0 0 0 rg BT 105.87 314.05 Td (a ) Tj ET Q q 0 0 0 rg BT 111.92 314.05 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 158.40 314.05 Td (of ) Tj ET Q q 0 0 0 rg BT 167.56 314.05 Td (income ) Tj ET Q q 0 0 0 rg BT 193.60 314.05 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 214.54 314.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 249.46 314.05 Td (at ) Tj ET Q q 0 0 0 rg BT 257.73 314.05 Td (statutory ) Tj ET Q q 0 0 0 rg BT 288.22 314.05 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 310.27 314.05 Td (rates, ) Tj ET Q q 0 0 0 rg BT 329.87 314.05 Td (to ) Tj ET Q q 0 0 0 rg BT 338.59 314.05 Td (the ) Tj ET Q q 0 0 0 rg BT 350.86 314.05 Td (income ) Tj ET Q q 0 0 0 rg BT 376.90 314.05 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.17 314.05 Td (provision ) Tj ET Q q 0 0 0 rg BT 421.89 314.05 Td (included ) Tj ET Q q 0 0 0 rg BT 451.94 314.05 Td (in ) Tj ET Q q 0 0 0 rg BT 460.66 314.05 Td (the ) Tj ET Q q 0 0 0 rg BT 472.93 314.05 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 522.07 314.05 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 304.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.27 304.45 Td (of ) Tj ET Q q 0 0 0 rg BT 93.93 304.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.26 304.45 Td (and ) Tj ET Q q 0 0 0 rg BT 142.81 304.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.23 304.45 Td (income ) Tj ET Q q 0 0 0 rg BT 218.78 304.45 Td (for ) Tj ET Q q 0 0 0 rg BT 230.11 304.45 Td (the ) Tj ET Q q 0 0 0 rg BT 241.88 304.45 Td (years ) Tj ET Q q 0 0 0 rg BT 260.76 304.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 281.86 304.45 Td (December ) Tj ET Q q 0 0 0 rg BT 316.73 304.45 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.73 304.45 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.73 304.45 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.73 304.45 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.73 304.45 Td ( ) Tj ET Q q 0 0 0 rg BT 366.73 304.45 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.28 304.45 Td (201) Tj ET Q q 0 0 0 rg BT 391.98 304.45 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.98 304.45 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 263.95 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 263.95 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 263.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 263.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 263.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 263.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 233.95 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 233.95 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 233.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 233.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 233.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 233.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 203.95 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 203.95 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 203.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 203.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 203.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 203.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 173.95 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 173.95 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 173.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 173.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 173.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 173.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 143.95 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 143.95 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 143.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 143.95 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 143.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 143.95 86.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 278.95000000000005 m 381.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 278.95000000000005 m 385.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 278.95000000000005 m 471.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 278.95000000000005 m 475.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 278.95000000000005 m 561.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 278.95000000000005 m 381.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 263.95000000000005 m 381.5 263.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 278.95000000000005 m 471.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 263.95000000000005 m 471.5 263.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 278.95000000000005 m 561.5 278.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 263.95000000000005 m 561.5 263.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 263.95000000000005 m 381.5 263.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 263.95000000000005 m 471.5 263.95000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 263.95000000000005 m 561.5 263.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 143.95000000000005 m 381.5 143.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 129.95000000000005 m 381.5 129.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 127.95000000000005 m 381.5 127.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 143.95000000000005 m 471.5 143.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 129.95000000000005 m 471.5 129.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 127.95000000000005 m 471.5 127.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 143.95000000000005 m 561.5 143.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 129.95000000000005 m 561.5 129.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 127.95000000000005 m 561.5 127.95000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.25 283.18 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.00 268.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.00 268.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.00 268.18 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 253.20 Td (Income taxes at Netherlands rates \(25%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.00 253.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.60 253.20 Td (\(74,626) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 253.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.00 253.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 253.20 Td (\(140,142) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 253.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 253.20 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 253.20 Td (\(43,927) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 253.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 238.20 Td (Jurisdictional differences in tax rates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.30 238.20 Td (14,086) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 238.20 Td (30,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 238.20 Td (22,092) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 223.20 Td (Tax effect of goodwill impairment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.30 223.20 Td (4,979) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 223.20 Td (55,671) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 223.20 Td (7,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 208.20 Td (Unrecognized tax benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.60 208.20 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.30 208.20 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 208.20 Td (11,089) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 208.20 Td (4,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 193.20 Td (Losses expired) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.30 193.20 Td (8,359) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 193.20 Td (5,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 193.20 Td (2,344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 178.20 Td (Tax charge from internal restructuring) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.30 178.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.30 178.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 178.20 Td (9,229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 163.20 Td (Change in valuation allowance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.30 163.20 Td (25,447) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 163.20 Td (16,049) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 163.20 Td (2,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 148.20 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.30 148.20 Td (4,734) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 148.20 Td (7,161) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.60 148.20 Td (\(120) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 148.20 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 133.18 Td (\(Credit\) / provision for income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.00 133.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.60 133.18 Td (\(17,025) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.30 133.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.00 133.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.60 133.18 Td (\(14,139) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.30 133.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 133.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.30 133.18 Td (3,850) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 113.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 113.85 Td (jurisdictional ) Tj ET Q q 0 0 0 rg BT 108.15 113.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 122.14 113.85 Td (dif) Tj ET Q q 0 0 0 rg BT 130.88 113.85 Td (ference ) Tj ET Q q 0 0 0 rg BT 156.41 113.85 Td (in ) Tj ET Q q 0 0 0 rg BT 164.64 113.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 182.64 113.85 Td (and ) Tj ET Q q 0 0 0 rg BT 196.19 113.85 Td (201) Tj ET Q q 0 0 0 rg BT 207.89 113.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 213.89 113.85 Td (mainly ) Tj ET Q q 0 0 0 rg BT 238.11 113.85 Td (arises ) Tj ET Q q 0 0 0 rg BT 258.32 113.85 Td (as ) Tj ET Q q 0 0 0 rg BT 266.99 113.85 Td (a ) Tj ET Q q 0 0 0 rg BT 272.54 113.85 Td (result ) Tj ET Q q 0 0 0 rg BT 292.31 113.85 Td (of ) Tj ET Q q 0 0 0 rg BT 300.98 113.85 Td (the ) Tj ET Q q 0 0 0 rg BT 312.75 113.85 Td (dif) Tj ET Q q 0 0 0 rg BT 321.49 113.85 Td (ference ) Tj ET Q q 0 0 0 rg BT 347.02 113.85 Td (between ) Tj ET Q q 0 0 0 rg BT 375.68 113.85 Td (the ) Tj ET Q q 0 0 0 rg BT 387.45 113.85 Td (Bulgarian ) Tj ET Q q 0 0 0 rg BT 421.00 113.85 Td (and 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Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (73) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 723.45 Td (Components ) Tj ET Q q 0 0 0 rg BT 91.50 723.45 Td (of ) Tj ET Q q 0 0 0 rg BT 99.72 723.45 Td (Deferr) Tj ET Q q 0 0 0 rg BT 120.75 723.45 Td (ed ) Tj ET Q q 0 0 0 rg BT 130.30 723.45 Td (T) Tj ET Q q 0 0 0 rg BT 134.02 723.45 Td (ax ) Tj ET Q q 0 0 0 rg BT 143.43 723.45 Td (Assets ) Tj ET Q q 0 0 0 rg BT 165.43 723.45 Td (and ) Tj ET Q q 0 0 0 rg BT 179.43 723.45 Td (Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 707.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 707.85 Td (following ) Tj ET Q q 0 0 0 rg BT 97.05 707.85 Td (table ) Tj ET Q q 0 0 0 rg BT 114.59 707.85 Td (shows ) Tj ET Q q 0 0 0 rg BT 136.60 707.85 Td (the ) Tj ET Q q 0 0 0 rg BT 148.37 707.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 184.14 707.85 Td (components ) Tj ET Q q 0 0 0 rg BT 224.80 707.85 Td (included ) Tj ET Q q 0 0 0 rg BT 254.35 707.85 Td (in ) Tj ET Q q 0 0 0 rg BT 262.57 707.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 291.21 707.85 Td (income ) Tj ET Q q 0 0 0 rg BT 316.76 707.85 Td (taxes ) Tj ET Q q 0 0 0 rg BT 335.20 707.85 Td (as ) Tj ET Q q 0 0 0 rg BT 343.86 707.85 Td (at ) Tj ET Q q 0 0 0 rg BT 351.64 707.85 Td (December ) Tj ET Q q 0 0 0 rg BT 386.50 707.85 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.50 707.85 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.50 707.85 Td ( ) Tj ET Q q 0 0 0 rg BT 416.50 707.85 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.05 707.85 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.05 707.85 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 682.35 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 682.35 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 682.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 682.35 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 652.35 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 652.35 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 652.35 4.00 -15.00 re f /GS0 gs 0.8 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561.5 546.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 457.35 m 471.5 457.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 457.35 m 561.5 457.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 442.35 m 471.5 442.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 428.35 m 471.5 428.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 426.35 m 471.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 442.35 m 561.5 442.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 428.35 m 561.5 428.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 426.35 m 561.5 426.35 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.50 686.58 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.50 686.58 Td (December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 671.58 Td (Assets:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 656.60 Td (Tax benefit of loss carry-forwards and other tax credits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.00 656.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 656.60 Td (134,123) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 656.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 656.60 Td (108,842) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 641.60 Td (Programming rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 641.60 Td (16,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 641.60 Td (3,618) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 626.60 Td (Property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 626.60 Td (5,329) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 626.60 Td (7,488) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 611.60 Td (Accrued expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 611.60 Td (5,323) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 611.60 Td (4,814) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 596.60 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.30 596.60 Td (12,038) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 596.60 Td (5,820) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 581.58 Td (Gross deferred tax assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.30 581.58 Td (173,290) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 581.58 Td (130,582) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 566.60 Td (Valuation allowance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.60 566.60 Td (\(139,387) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 566.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 566.60 Td (\(108,971) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 566.60 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 551.58 Td (Net deferred tax assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.00 551.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 551.58 Td (33,903) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 551.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 551.58 Td (21,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 521.58 Td (Liabilities:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 506.60 Td (Broadcast licenses, trademarks and customer relationships) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.00 506.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 506.60 Td (\(36,591) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 506.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 506.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 506.60 Td (\(41,435) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 506.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 491.60 Td (Property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.60 491.60 Td (\(6,137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 491.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 491.60 Td (\(3,618) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 491.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 476.60 Td (Programming rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.60 476.60 Td (\(18,232) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 476.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 476.60 Td (\(15,435) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 476.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 461.60 Td (Temporary difference due to timing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.60 461.60 Td (\(2,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.30 461.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 461.60 Td (\(6,814) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 461.60 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 446.58 Td (Total deferred tax liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.60 446.58 Td (\(63,867) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.30 446.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.60 446.58 Td (\(67,302) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.30 446.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 431.58 Td (Net deferred income tax liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.00 431.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.60 431.58 Td (\(29,964) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.30 431.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.00 431.58 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.60 431.58 Td (\(45,691) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.30 431.58 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (Deferred tax is recognized on the consolidated balance sheet as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 386.75 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 386.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 386.75 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 356.75 336.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 356.75 86.00 -15.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 416.00 578.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 578.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 578.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 578.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 578.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 548.00 217.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 548.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 548.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 548.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 548.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 548.00 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 548.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 548.00 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 266 698 m 312 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316 698 m 362 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366 698 m 412 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 416 698 m 462 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466 698 m 512 698 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516 698 m 562 698 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 548 m 312 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 534 m 312 534 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 532 m 312 532 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 548 m 362 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 534 m 362 534 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 532 m 362 532 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 548 m 412 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 534 m 412 534 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 532 m 412 532 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 548 m 462 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 534 m 462 534 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 532 m 462 532 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 548 m 512 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 534 m 512 534 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 532 m 512 532 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 548 m 562 548 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 534 m 562 534 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 532 m 562 532 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.50 702.23 Td (2014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.50 702.23 Td (2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.50 702.23 Td (2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.50 702.23 Td (2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.80 702.23 Td (2018-29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.15 702.23 Td (Indefinite) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 687.25 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 687.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.80 687.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.50 687.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.80 687.25 Td (210) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.50 687.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 687.25 Td (1,485) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.50 687.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.75 687.25 Td (1,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 687.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.75 687.25 Td (4,459) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 687.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 687.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 672.25 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.75 672.25 Td (16,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.75 672.25 Td (7,255) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 672.25 Td (1,878) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 672.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 672.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 672.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 657.25 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.80 657.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 657.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.80 657.25 Td (129) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.75 657.25 Td (1,284) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.75 657.25 Td (63,648) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 657.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 642.25 Td (Hungary) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.80 642.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 642.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 642.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 642.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 642.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.80 642.25 Td (247) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 627.25 Td (Moldova) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.80 627.25 Td (71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 627.25 Td (71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 627.25 Td (15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 627.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 627.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 627.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 612.25 Td (The Netherlands) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.75 612.25 Td (11,229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.75 612.25 Td (4,118) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 612.25 Td (8,855) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.75 612.25 Td (35,573) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.75 612.25 Td (299,529) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 612.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 597.25 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.75 597.25 Td (1,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 597.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 597.25 Td (3,052) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.75 597.25 Td (12,106) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.75 597.25 Td (88,310) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 597.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 582.25 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.75 582.25 Td (7,522) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.75 582.25 Td (7,522) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 582.25 Td (7,522) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.75 582.25 Td (7,522) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 582.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 582.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 567.25 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.80 567.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 567.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 567.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 567.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 567.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.75 567.25 Td (15,811) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 552.25 Td (United Kingdom) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.80 552.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.80 552.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 552.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.80 552.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 552.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.75 552.25 Td (2,652) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.50 537.23 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.50 537.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.75 537.23 Td (36,396) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 318.50 537.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.75 537.23 Td (19,176) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.50 537.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.75 537.23 Td (22,936) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.50 537.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.75 537.23 Td (57,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.50 537.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 482.75 537.23 Td (455,946) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.50 537.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.75 537.23 Td (18,710) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 517.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.65 517.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 84.48 517.90 Td (are ) Tj ET Q q 0 0 0 rg BT 95.96 517.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 120.34 517.90 Td (to ) Tj ET Q q 0 0 0 rg BT 128.27 517.90 Td (examination ) Tj ET Q q 0 0 0 rg BT 169.53 517.90 Td (by ) Tj ET Q q 0 0 0 rg BT 179.25 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 190.73 517.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 202.22 517.90 Td (authorities ) Tj ET Q q 0 0 0 rg BT 237.71 517.90 Td (and ) Tj ET Q q 0 0 0 rg BT 250.97 517.90 Td (to ) Tj ET Q q 0 0 0 rg BT 258.91 517.90 Td (restriction ) Tj ET Q q 0 0 0 rg BT 293.06 517.90 Td (on ) Tj ET Q q 0 0 0 rg BT 302.77 517.90 Td (their ) Tj ET Q q 0 0 0 rg BT 319.15 517.90 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 355.30 517.90 Td (In ) Tj ET Q q 0 0 0 rg BT 363.68 517.90 Td (particular) Tj ET Q q 0 0 0 rg BT 394.01 517.90 Td (, ) Tj ET Q q 0 0 0 rg BT 397.72 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 409.21 517.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 430.04 517.90 Td (can ) Tj ET Q q 0 0 0 rg BT 442.86 517.90 Td (only ) Tj ET Q q 0 0 0 rg BT 458.79 517.90 Td (be ) Tj ET Q q 0 0 0 rg BT 468.06 517.90 Td (utilized ) Tj ET Q q 0 0 0 rg BT 493.77 517.90 Td (against ) Tj ET Q q 0 0 0 rg BT 518.14 517.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 540.74 517.90 Td (arising ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 508.30 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 508.30 Td (the ) Tj ET Q q 0 0 0 rg BT 69.50 508.30 Td (legal ) Tj ET Q q 0 0 0 rg BT 87.04 508.30 Td (entity ) Tj ET Q q 0 0 0 rg BT 107.26 508.30 Td (in ) Tj ET Q q 0 0 0 rg BT 115.48 508.30 Td (which ) Tj ET Q q 0 0 0 rg BT 137.04 508.30 Td (they ) Tj ET Q q 0 0 0 rg BT 152.81 508.30 Td (arose.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 492.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 492.70 Td (e ) Tj ET Q q 0 0 0 rg BT 62.24 492.70 Td (have ) Tj ET Q q 0 0 0 rg BT 79.63 492.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 110.34 492.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 142.39 492.70 Td (allowances ) Tj ET Q q 0 0 0 rg BT 180.21 492.70 Td (against ) Tj ET Q q 0 0 0 rg BT 205.16 492.70 Td (most ) Tj ET Q q 0 0 0 rg BT 223.00 492.70 Td (of ) Tj ET Q q 0 0 0 rg BT 231.94 492.70 Td (the ) Tj ET Q q 0 0 0 rg BT 244.00 492.70 Td (above ) Tj ET Q q 0 0 0 rg BT 265.38 492.70 Td (loss ) Tj ET Q q 0 0 0 rg BT 280.11 492.70 Td (carry-forwards. ) Tj ET Q q 0 0 0 rg BT 331.92 492.70 Td (However) Tj ET Q q 0 0 0 rg BT 360.92 492.70 Td (, ) Tj ET Q q 0 0 0 rg BT 365.20 492.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 397.25 492.70 Td (allowances ) Tj ET Q q 0 0 0 rg BT 435.07 492.70 Td (have ) Tj ET Q q 0 0 0 rg BT 452.45 492.70 Td (not ) Tj ET Q q 0 0 0 rg BT 464.96 492.70 Td (been ) Tj ET Q q 0 0 0 rg BT 482.34 492.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 513.06 492.70 Td (against ) Tj ET Q q 0 0 0 rg BT 538.00 492.70 Td (the ) Tj ET Q q 0 0 0 rg BT 550.05 492.70 Td (loss ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 483.10 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 99.03 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.25 483.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.91 483.10 Td (main ) Tj ET Q q 0 0 0 rg BT 137.91 483.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 170.12 483.10 Td (company ) Tj ET Q q 0 0 0 rg BT 201.45 483.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.67 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.44 483.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 243.43 483.10 Td (Republic ) Tj ET Q q 0 0 0 rg BT 274.31 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.31 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.09 483.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 314.09 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.75 483.10 Td (future ) Tj ET Q q 0 0 0 rg BT 343.85 483.10 Td (reversals ) Tj ET Q q 0 0 0 rg BT 374.28 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.95 483.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 410.28 483.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 435.38 483.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 470.25 483.10 Td (dif) Tj ET Q q 0 0 0 rg BT 478.99 483.10 Td (ferences. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 467.50 Td (As ) Tj ET Q q 0 0 0 rg BT 60.39 467.50 Td (at ) Tj ET Q q 0 0 0 rg BT 68.16 467.50 Td (December ) Tj ET Q q 0 0 0 rg BT 103.03 467.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 115.03 467.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 133.03 467.50 Td (the ) Tj ET Q q 0 0 0 rg BT 144.80 467.50 Td (company ) Tj ET Q q 0 0 0 rg BT 176.13 467.50 Td (has ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.79 467.50 Td (no) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.79 467.50 Td ( ) Tj ET Q q 0 0 0 rg BT 198.79 467.50 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 243.01 467.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 272.11 467.50 Td (in ) Tj ET Q q 0 0 0 rg BT 280.34 467.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 320.11 467.50 Td (\(2012: ) Tj ET Q q 0 0 0 rg BT 343.00 467.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.22 467.50 Td (221.1 ) Tj ET Q q 0 0 0 rg BT 379.22 467.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.34 467.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 407.00 467.50 Td (giving ) Tj ET Q q 0 0 0 rg BT 429.45 467.50 Td (rise ) Tj ET Q q 0 0 0 rg BT 443.00 467.50 Td (to ) Tj ET Q q 0 0 0 rg BT 451.22 467.50 Td (a ) Tj ET Q q 0 0 0 rg BT 456.77 467.50 Td (temporary ) Tj ET Q q 0 0 0 rg BT 491.64 467.50 Td (dif) Tj ET Q q 0 0 0 rg BT 500.39 467.50 Td (ference.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 451.90 Td (A) Tj ET Q q 0 0 0 rg BT 54.84 451.90 Td ( reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 441.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 441.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 411.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 411.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 381.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 381.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 351.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 351.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 321.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 321.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 291.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 291.40 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 261.40 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 261.40 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 381.4 m 561.5 381.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 306.4 m 561.5 306.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 246.39999999999998 m 561.5 246.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 232.39999999999998 m 561.5 232.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 230.39999999999998 m 561.5 230.39999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 430.63 Td (Balance at December 31, 2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.00 430.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 430.63 Td (18,658) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 415.65 Td (Increases for tax positions taken during a prior period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 415.65 Td (88) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 400.65 Td (Increases for tax positions taken during the current period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 400.65 Td (4,402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 385.65 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.60 385.65 Td (\(18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 385.65 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 370.63 Td (Balance at December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 370.63 Td (23,130) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 355.65 Td (Increases for tax positions taken during a prior period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 355.65 Td (8,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 340.65 Td (Increases for tax positions taken during the current period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 340.65 Td (2,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 325.65 Td (Decreases resulting from the expiry of the statute of limitations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.60 325.65 Td (\(44) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 325.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 310.65 Td (Settlements with tax authorities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 310.65 Td (\(34,107) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 310.65 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 295.63 Td (Balance at December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.30 295.63 Td (112) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 280.65 Td (Increases for tax positions taken during a prior period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 280.65 Td (51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 265.65 Td (Increases for tax positions taken during the current period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 265.65 Td (20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 250.65 Td (Decreases resulting from the expiry of the statute of limitations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.60 250.65 Td (\(75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 250.65 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 235.63 Td (Balance at December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.00 235.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.30 235.63 Td (108) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 216.30 Td (During ) Tj ET Q q 0 0 0 rg BT 74.09 216.30 Td (2012, ) Tj ET Q q 0 0 0 rg BT 94.02 216.30 Td (we ) Tj ET Q q 0 0 0 rg BT 105.28 216.30 Td (agreed ) Tj ET Q q 0 0 0 rg BT 128.53 216.30 Td (with ) Tj ET Q q 0 0 0 rg BT 144.68 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 156.38 216.30 Td (Dutch ) Tj ET Q q 0 0 0 rg BT 177.86 216.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.57 216.30 Td (authorities ) Tj ET Q q 0 0 0 rg BT 225.27 216.30 Td (as ) Tj ET Q q 0 0 0 rg BT 233.86 216.30 Td (to ) Tj ET Q q 0 0 0 rg BT 242.01 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 253.71 216.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 279.64 216.30 Td (of ) Tj ET Q q 0 0 0 rg BT 288.23 216.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.94 216.30 Td (losses ) Tj ET Q q 0 0 0 rg BT 320.98 216.30 Td (available ) Tj ET Q q 0 0 0 rg BT 351.78 216.30 Td (to ) Tj ET Q q 0 0 0 rg BT 359.93 216.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.64 216.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 409.23 216.30 Td (main ) Tj ET Q q 0 0 0 rg BT 427.16 216.30 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 467.74 216.30 Td (holding ) Tj ET Q q 0 0 0 rg BT 494.11 216.30 Td (company) Tj ET Q q 0 0 0 rg BT 522.92 216.30 Td (. ) Tj ET Q q 0 0 0 rg BT 526.42 216.30 Td (As ) Tj ET Q q 0 0 0 rg BT 537.24 216.30 Td (a ) Tj ET Q q 0 0 0 rg BT 542.72 216.30 Td (result, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 206.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.73 206.70 Td (34.0 ) Tj ET Q q 0 0 0 rg BT 81.73 206.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.84 206.70 Td ( ) Tj ET Q q 0 0 0 rg BT 106.84 206.70 Td (of ) Tj ET Q q 0 0 0 rg BT 115.50 206.70 Td (the ) Tj ET Q q 0 0 0 rg BT 127.28 206.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 159.50 206.70 Td (for ) Tj ET Q q 0 0 0 rg BT 170.83 206.70 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 215.92 206.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 227.69 206.70 Td (benefits ) Tj ET Q q 0 0 0 rg BT 255.02 206.70 Td (was ) Tj ET Q q 0 0 0 rg BT 269.46 206.70 Td (applied ) Tj ET Q q 0 0 0 rg BT 295.00 206.70 Td (against ) Tj ET Q q 0 0 0 rg BT 319.66 206.70 Td (the ) Tj ET Q q 0 0 0 rg BT 331.44 206.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 360.08 206.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 371.86 206.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 389.41 206.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 427.84 206.70 Td (to ) Tj ET Q q 0 0 0 rg BT 436.06 206.70 Td (these ) Tj ET Q q 0 0 0 rg BT 454.50 206.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 466.27 206.70 Td (losses.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (75) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 63.78 723.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 103.40 723.50 Td (file ) Tj ET Q q 0 0 0 rg BT 115.90 723.50 Td (income ) Tj ET Q q 0 0 0 rg BT 141.29 723.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 152.90 723.50 Td (returns ) Tj ET Q q 0 0 0 rg BT 176.96 723.50 Td (in ) Tj ET Q q 0 0 0 rg BT 184.89 723.50 Td (The ) Tj ET Q q 0 0 0 rg BT 199.16 723.50 Td (Netherlands ) Tj ET Q q 0 0 0 rg BT 239.66 723.50 Td (and ) Tj ET Q q 0 0 0 rg BT 253.05 723.50 Td (various ) Tj ET Q q 0 0 0 rg BT 278.44 723.50 Td (other ) Tj ET Q q 0 0 0 rg BT 296.72 723.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 308.33 723.50 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 351.32 723.50 Td (As ) Tj ET Q q 0 0 0 rg BT 362.05 723.50 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.67 723.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 416.38 723.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.38 723.50 Td (, ) Tj ET Q q 0 0 0 rg BT 436.22 723.50 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 466.48 723.50 Td (by ) Tj ET Q q 0 0 0 rg BT 476.32 723.50 Td (major ) Tj ET Q q 0 0 0 rg BT 496.83 723.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 508.44 723.50 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 551.83 723.50 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 713.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 89.27 713.90 Td (are ) Tj ET Q q 0 0 0 rg BT 101.04 713.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 132.80 713.90 Td (no ) Tj ET Q q 0 0 0 rg BT 142.80 713.90 Td (longer ) Tj ET Q q 0 0 0 rg BT 165.24 713.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 189.90 713.90 Td (to ) Tj ET Q q 0 0 0 rg BT 198.12 713.90 Td (income ) Tj ET Q q 0 0 0 rg BT 223.67 713.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 235.44 713.90 Td (examinations ) Tj ET Q q 0 0 0 rg BT 280.10 713.90 Td (for ) Tj ET Q q 0 0 0 rg BT 291.43 713.90 Td (years ) Tj ET Q q 0 0 0 rg BT 310.30 713.90 Td (before:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 688.40 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 688.40 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.40 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 658.40 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 628.40 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 628.40 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 598.40 462.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 598.40 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50 688.4 m 512 688.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 512 688.4 m 562 688.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 266.05 692.63 Td (Country) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.65 692.63 Td (Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 677.65 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 677.65 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 662.65 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 662.65 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 647.65 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 647.65 Td (2008) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 632.65 Td (The Netherlands) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 632.65 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 617.65 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 617.65 Td (2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 602.65 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 602.65 Td (2008) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 587.65 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 587.65 Td (2008) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 572.65 Td (United Kingdom) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.50 572.65 Td (2012) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 553.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 553.30 Td (e ) Tj ET Q q 0 0 0 rg BT 62.45 553.30 Td (recognize, ) Tj ET Q q 0 0 0 rg BT 98.04 553.30 Td (when ) Tj ET Q q 0 0 0 rg BT 117.86 553.30 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 155.22 553.30 Td (both ) Tj ET Q q 0 0 0 rg BT 171.93 553.30 Td (accrued ) Tj ET Q q 0 0 0 rg BT 199.29 553.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.33 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 239.38 553.30 Td (penalties ) Tj ET Q q 0 0 0 rg BT 270.30 553.30 Td (related ) Tj ET Q q 0 0 0 rg BT 294.55 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 303.27 553.30 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 348.85 553.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 376.67 553.30 Td (in ) Tj ET Q q 0 0 0 rg BT 385.38 553.30 Td (income ) Tj ET Q q 0 0 0 rg BT 411.42 553.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.69 553.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 451.95 553.30 Td (in ) Tj ET Q q 0 0 0 rg BT 460.66 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 472.93 553.30 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 522.07 553.30 Td (consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 543.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.27 543.70 Td (of ) Tj ET Q q 0 0 0 rg BT 93.93 543.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.26 543.70 Td (and ) Tj ET Q q 0 0 0 rg BT 142.81 543.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 193.23 543.70 Td (income.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (There ) Tj ET Q q 0 0 0 rg BT 70.15 528.10 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.70 528.10 Td (no) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.70 528.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.70 528.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 133.46 528.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 159.01 528.10 Td (or ) Tj ET Q q 0 0 0 rg BT 167.68 528.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 198.11 528.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 224.98 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.20 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.97 528.10 Td (years ) Tj ET Q q 0 0 0 rg BT 263.85 528.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 284.95 528.10 Td (December ) Tj ET Q q 0 0 0 rg BT 319.82 528.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 331.82 528.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 349.82 528.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.37 528.10 Td (2012.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 506.50 Td (19. ) Tj ET Q q 0 0 0 rg BT 67.50 506.50 Td (EARNINGS ) Tj ET Q q 0 0 0 rg BT 111.73 506.50 Td (PER ) Tj ET Q q 0 0 0 rg BT 129.73 506.50 Td (SHARE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 490.90 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 490.90 Td (e ) Tj ET Q q 0 0 0 rg BT 61.75 490.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 99.52 490.90 Td (that ) Tj ET Q q 0 0 0 rg BT 113.30 490.90 Td (the ) Tj ET Q q 0 0 0 rg BT 124.86 490.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 146.19 490.90 Td (B ) Tj ET Q q 0 0 0 rg BT 153.31 490.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 184.86 490.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 207.97 490.90 Td (are ) Tj ET Q q 0 0 0 rg BT 219.52 490.90 Td (a ) Tj ET Q q 0 0 0 rg BT 224.86 490.90 Td (participating ) Tj ET Q q 0 0 0 rg BT 267.07 490.90 Td (security) Tj ET Q q 0 0 0 rg BT 291.88 490.90 Td (, ) Tj ET Q q 0 0 0 rg BT 295.66 490.90 Td (and ) Tj ET Q q 0 0 0 rg BT 309.00 490.90 Td (accordingly) Tj ET Q q 0 0 0 rg BT 346.24 490.90 Td (, ) Tj ET Q q 0 0 0 rg BT 350.02 490.90 Td (our ) Tj ET Q q 0 0 0 rg BT 362.47 490.90 Td (basic ) Tj ET Q q 0 0 0 rg BT 380.70 490.90 Td (and ) Tj ET Q q 0 0 0 rg BT 394.03 490.90 Td (diluted ) Tj ET Q q 0 0 0 rg BT 418.04 490.90 Td (net ) Tj ET Q q 0 0 0 rg BT 429.59 490.90 Td (income ) Tj ET Q q 0 0 0 rg BT 454.93 490.90 Td (/ ) Tj ET Q q 0 0 0 rg BT 458.93 490.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 473.17 490.90 Td (per ) Tj ET Q q 0 0 0 rg BT 485.17 490.90 Td (share ) Tj ET Q q 0 0 0 rg BT 503.83 490.90 Td (is ) Tj ET Q q 0 0 0 rg BT 510.95 490.90 Td (calculated ) Tj ET Q q 0 0 0 rg BT 545.16 490.90 Td (using ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 481.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.93 481.30 Td (two-class ) Tj ET Q q 0 0 0 rg BT 94.80 481.30 Td (method. ) Tj ET Q q 0 0 0 rg BT 123.46 481.30 Td (Under ) Tj ET Q q 0 0 0 rg BT 146.11 481.30 Td (the ) Tj ET Q q 0 0 0 rg BT 158.54 481.30 Td (two-class ) Tj ET Q q 0 0 0 rg BT 191.41 481.30 Td (method, ) Tj ET Q q 0 0 0 rg BT 220.07 481.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 239.16 481.30 Td (net ) Tj ET Q q 0 0 0 rg BT 251.60 481.30 Td (income ) Tj ET Q q 0 0 0 rg BT 277.80 481.30 Td (/ ) Tj ET Q q 0 0 0 rg BT 282.68 481.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 297.79 481.30 Td (per ) Tj ET Q q 0 0 0 rg BT 310.66 481.30 Td (common ) Tj ET Q q 0 0 0 rg BT 341.32 481.30 Td (share ) Tj ET Q q 0 0 0 rg BT 360.85 481.30 Td (is ) Tj ET Q q 0 0 0 rg BT 368.85 481.30 Td (computed ) Tj ET Q q 0 0 0 rg BT 403.05 481.30 Td (by ) Tj ET Q q 0 0 0 rg BT 413.71 481.30 Td (dividing ) Tj ET Q q 0 0 0 rg BT 443.04 481.30 Td (the ) Tj ET Q q 0 0 0 rg BT 455.47 481.30 Td (net ) Tj ET Q q 0 0 0 rg BT 467.90 481.30 Td (income ) Tj ET Q q 0 0 0 rg BT 494.11 481.30 Td (available ) Tj ET Q q 0 0 0 rg BT 525.63 481.30 Td (to ) Tj ET Q q 0 0 0 rg BT 534.52 481.30 Td (common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 471.70 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 92.03 471.70 Td (after ) Tj ET Q q 0 0 0 rg BT 108.79 471.70 Td (deducting ) Tj ET Q q 0 0 0 rg BT 142.44 471.70 Td (contractual ) Tj ET Q q 0 0 0 rg BT 180.08 471.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 209.29 471.70 Td (of ) Tj ET Q q 0 0 0 rg BT 218.06 471.70 Td (accretion ) Tj ET Q q 0 0 0 rg BT 249.47 471.70 Td (on ) Tj ET Q q 0 0 0 rg BT 259.58 471.70 Td (our ) Tj ET Q q 0 0 0 rg BT 272.35 471.70 Td (Series ) Tj ET Q q 0 0 0 rg BT 294.00 471.70 Td (B ) Tj ET Q q 0 0 0 rg BT 301.44 471.70 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 333.30 471.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 356.73 471.70 Td (by ) Tj ET Q q 0 0 0 rg BT 366.84 471.70 Td (the ) Tj ET Q q 0 0 0 rg BT 378.71 471.70 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 437.67 471.70 Td (number ) Tj ET Q q 0 0 0 rg BT 464.21 471.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.98 471.70 Td (common ) Tj ET Q q 0 0 0 rg BT 503.08 471.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 525.18 471.70 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 462.10 Td (during ) Tj ET Q q 0 0 0 rg BT 71.67 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.72 462.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 106.44 462.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 131.72 462.10 Td (net ) Tj ET Q q 0 0 0 rg BT 142.77 462.10 Td (income ) Tj ET Q q 0 0 0 rg BT 167.60 462.10 Td (/ ) Tj ET Q q 0 0 0 rg BT 171.11 462.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 184.84 462.10 Td (per ) Tj ET Q q 0 0 0 rg BT 196.33 462.10 Td (share ) Tj ET Q q 0 0 0 rg BT 214.49 462.10 Td (is ) Tj ET Q q 0 0 0 rg BT 221.11 462.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 253.94 462.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.22 462.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 291.17 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.22 462.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 330.16 462.10 Td (net ) Tj ET Q q 0 0 0 rg BT 341.22 462.10 Td (income ) Tj ET Q q 0 0 0 rg BT 366.05 462.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.33 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.38 462.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 444.52 462.10 Td (number ) Tj ET Q q 0 0 0 rg BT 470.24 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.18 462.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 503.91 462.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 525.18 462.10 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 452.50 Td (during ) Tj ET Q q 0 0 0 rg BT 72.39 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 84.16 452.50 Td (period.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 436.90 Td (The ) Tj ET Q q 0 0 0 rg BT 63.94 436.90 Td (components ) Tj ET Q q 0 0 0 rg BT 104.60 436.90 Td (of ) Tj ET Q q 0 0 0 rg BT 113.26 436.90 Td (basic ) Tj ET Q q 0 0 0 rg BT 131.70 436.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.25 436.90 Td (diluted ) Tj ET Q q 0 0 0 rg BT 169.47 436.90 Td (earnings ) Tj ET Q q 0 0 0 rg BT 198.57 436.90 Td (per ) Tj ET Q q 0 0 0 rg BT 210.79 436.90 Td (share ) Tj ET Q q 0 0 0 rg BT 229.66 436.90 Td (are ) Tj ET Q q 0 0 0 rg BT 241.43 436.90 Td (as ) Tj ET Q q 0 0 0 rg BT 250.09 436.90 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 400.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 400.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 400.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 400.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 400.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 370.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 370.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 370.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 370.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 370.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 370.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 340.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 340.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 340.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 340.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 340.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 340.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 310.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 310.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 310.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 310.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 310.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 310.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 280.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 280.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 280.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 280.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 280.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 280.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 250.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 250.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 250.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 250.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 250.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 221.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 221.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 221.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 221.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 221.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 221.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 191.40 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 191.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 191.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 191.40 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 191.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 191.40 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 413.4 m 430 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 413.4 m 434 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 413.4 m 496 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496 413.4 m 500 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 413.4 m 562 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 413.4 m 430 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 400.4 m 430 400.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 413.4 m 496 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 400.4 m 496 400.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 413.4 m 562 413.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 400.4 m 562 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 400.4 m 430 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 400.4 m 496 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 400.4 m 562 400.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 370.4 m 430 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 355.4 m 430 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 370.4 m 496 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 355.4 m 496 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 370.4 m 562 370.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 355.4 m 562 355.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 310.4 m 430 310.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 296.4 m 430 296.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 294.4 m 430 294.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 310.4 m 496 310.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 296.4 m 496 296.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 294.4 m 496 294.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 310.4 m 562 310.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 296.4 m 562 296.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 294.4 m 562 294.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 250.39999999999998 m 430 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 236.39999999999998 m 430 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 234.39999999999998 m 430 234.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 250.39999999999998 m 496 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 236.39999999999998 m 496 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 234.39999999999998 m 496 234.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 250.39999999999998 m 562 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 236.39999999999998 m 562 236.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 234.39999999999998 m 562 234.39999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 417.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 417.63 Td (For The Year Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 404.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.50 404.63 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.50 404.63 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.50 404.63 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 389.63 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 389.63 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.94 389.63 Td (attributable ) Tj ET Q q 0 0 0 rg BT 123.83 389.63 Td (to ) Tj ET Q q 0 0 0 rg BT 132.49 389.63 Td (CME ) Tj ET Q q 0 0 0 rg BT 153.16 389.63 Td (Ltd.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 389.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.10 389.63 Td (\(277,651) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.80 389.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.50 389.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.10 389.63 Td (\(535,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 389.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 389.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 389.63 Td (\(174,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 389.63 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 374.65 Td (Less: preferred dividend paid-in-kind) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 374.65 Td (7,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.80 374.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 374.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.50 359.63 Td (Net loss attributable to CME Ltd. - Basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.10 359.63 Td (\(285,541) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.80 359.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.10 359.63 Td (\(535,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 359.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 359.63 Td (\(174,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 359.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 329.63 Td (Effect ) Tj ET Q q 0 0 0 rg BT 74.93 329.63 Td (of ) Tj ET Q q 0 0 0 rg BT 83.59 329.63 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 111.38 329.63 Td (securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 314.65 Td (Preferred dividend paid-in-kind) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 314.65 Td (\(7,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 314.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.80 314.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 314.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.50 299.63 Td (Net loss attributable to CME Ltd. - Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 299.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.10 299.63 Td (\(277,651) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.80 299.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.50 299.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.10 299.63 Td (\(535,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 299.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 299.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 299.63 Td (\(174,611) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 299.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 269.63 Td (W) Tj ET Q q 0 0 0 rg BT 60.06 269.63 Td (eighted average outstanding shar) Tj ET Q q 0 0 0 rg BT 173.03 269.63 Td (es of common stock - basic ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 265.46 273.26 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 269.65 Td (125,723) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 269.65 Td (76,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 269.65 Td (64,385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 254.65 Td (Dilutive effect of employee stock options and RSUs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.80 254.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.80 254.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.80 254.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 239.63 Td (W) Tj ET Q q 0 0 0 rg BT 60.28 239.63 Td (eighted ) Tj ET Q q 0 0 0 rg BT 86.95 239.63 Td (average ) Tj ET Q q 0 0 0 rg BT 115.60 239.63 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 158.06 239.63 Td (shar) Tj ET Q q 0 0 0 rg BT 173.10 239.63 Td (es ) Tj ET Q q 0 0 0 rg BT 181.69 239.63 Td (of ) Tj ET Q q 0 0 0 rg BT 190.36 239.63 Td (common ) Tj ET Q q 0 0 0 rg BT 221.68 239.63 Td (stock ) Tj ET Q q 0 0 0 rg BT 241.46 239.63 Td (- ) Tj ET Q q 0 0 0 rg BT 246.13 239.63 Td (diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 239.63 Td (125,723) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.80 239.63 Td (76,919) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.80 239.63 Td (64,385) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 210.63 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 210.63 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.94 210.63 Td (per) Tj ET Q q 0 0 0 rg BT 92.35 210.63 Td ( ) Tj ET Q q 0 0 0 rg BT 94.35 210.63 Td (shar) Tj ET Q q 0 0 0 rg BT 109.32 210.63 Td (e:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 195.65 Td (Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 195.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.10 195.65 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 195.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 195.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 195.65 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 195.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 195.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.10 195.65 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 195.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 180.65 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.10 180.65 Td (\(2.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 180.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.10 180.65 Td (\(6.96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 180.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 180.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.10 180.65 Td (\(2.71) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 180.65 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 170.92 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 73.56 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 167.30 Td (For ) Tj ET Q q 0 0 0 rg BT 98.87 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 110.89 167.30 Td (purpose ) Tj ET Q q 0 0 0 rg BT 138.47 167.30 Td (of ) Tj ET Q q 0 0 0 rg BT 147.39 167.30 Td (computing ) Tj ET Q q 0 0 0 rg BT 183.86 167.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 202.55 167.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 231.91 167.30 Td (per ) Tj ET Q q 0 0 0 rg BT 244.38 167.30 Td (share, ) Tj ET Q q 0 0 0 rg BT 265.51 167.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.53 167.30 Td (1) Tj ET Q q 0 0 0 rg BT 281.24 167.30 Td (1,21) Tj ET Q q 0 0 0 rg BT 294.94 167.30 Td (1,449) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.94 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 315.19 167.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 337.44 167.30 Td (of ) Tj ET Q q 0 0 0 rg BT 346.35 167.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 365.45 167.30 Td (A) Tj ET Q q 0 0 0 rg BT 370.78 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 373.04 167.30 Td (common ) Tj ET Q q 0 0 0 rg BT 403.28 167.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 422.42 167.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 459.34 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 471.36 167.30 Td (Series ) Tj ET Q q 0 0 0 rg BT 492.67 167.30 Td (A) Tj ET Q q 0 0 0 rg BT 498.01 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 500.26 167.30 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 532.27 167.30 Td (Share ) Tj ET Q q 0 0 0 rg BT 552.74 167.30 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 157.70 Td (included ) Tj ET Q q 0 0 0 rg BT 115.04 157.70 Td (in ) Tj ET Q q 0 0 0 rg BT 123.25 157.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.02 157.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 166.34 157.70 Td (average ) Tj ET Q q 0 0 0 rg BT 193.20 157.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 232.52 157.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 254.50 157.70 Td (of ) Tj ET Q q 0 0 0 rg BT 263.16 157.70 Td (common ) Tj ET Q q 0 0 0 rg BT 293.15 157.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.03 157.70 Td (- ) Tj ET Q q 0 0 0 rg BT 316.68 157.70 Td (basic, ) Tj ET Q q 0 0 0 rg BT 337.11 157.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 368.88 157.70 Td (because ) Tj ET Q q 0 0 0 rg BT 396.18 157.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.95 157.70 Td (holder ) Tj ET Q q 0 0 0 rg BT 430.38 157.70 Td (of ) Tj ET Q q 0 0 0 rg BT 439.04 157.70 Td (the ) Tj ET Q q 0 0 0 rg BT 450.80 157.70 Td (Series ) Tj ET Q q 0 0 0 rg BT 471.90 157.70 Td (A) Tj ET Q q 0 0 0 rg BT 477.24 157.70 Td ( ) Tj ET Q q 0 0 0 rg BT 479.23 157.70 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 510.98 157.70 Td (Share ) Tj ET Q q 0 0 0 rg BT 531.19 157.70 Td (is ) Tj ET Q q 0 0 0 rg BT 538.52 157.70 Td (entitled ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.72 148.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 118.81 148.10 Td (any ) Tj ET Q q 0 0 0 rg BT 132.36 148.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 165.47 148.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 192.35 148.10 Td (when ) Tj ET Q q 0 0 0 rg BT 211.68 148.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 244.79 148.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.55 148.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 285.64 148.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.64 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.41 148.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 328.96 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.63 148.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 369.39 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 385.62 148.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 410.27 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.49 148.10 Td (any ) Tj ET Q q 0 0 0 rg BT 432.04 148.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 454.04 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.70 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.47 148.10 Td (common ) Tj ET Q q 0 0 0 rg BT 504.47 148.10 Td (stock.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 132.50 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.81 132.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 104.99 132.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 120.99 132.50 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 124.30 132.50 Td (1,425,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.30 132.50 Td ( ) Tj ET Q q 0 0 0 rg BT 157.61 132.50 Td (\() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.28 132.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.46 132.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 222.46 132.50 Td (: ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.99 132.50 Td (3,087,087) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.99 132.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 261.97 132.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.16 132.50 Td (options ) Tj ET Q q 0 0 0 rg BT 305.03 132.50 Td (and ) Tj ET Q q 0 0 0 rg BT 317.90 132.50 Td (warrants ) Tj ET Q q 0 0 0 rg BT 346.75 132.50 Td (were ) Tj ET Q q 0 0 0 rg BT 363.61 132.50 Td (antidilutive ) Tj ET Q q 0 0 0 rg BT 401.35 132.50 Td (to ) Tj ET Q q 0 0 0 rg BT 408.89 132.50 Td (income ) Tj ET Q q 0 0 0 rg BT 433.75 132.50 Td (from ) Tj ET Q q 0 0 0 rg BT 450.61 132.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 486.14 132.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.78 132.50 Td (and ) Tj ET Q q 0 0 0 rg BT 533.64 132.50 Td (excluded ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (from ) Tj ET Q q 0 0 0 rg BT 66.39 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 77.51 122.90 Td (calculation ) Tj ET Q q 0 0 0 rg BT 113.94 122.90 Td (of ) Tj ET Q q 0 0 0 rg BT 121.95 122.90 Td (earnings ) Tj ET Q q 0 0 0 rg BT 150.39 122.90 Td (per ) Tj ET Q q 0 0 0 rg BT 161.95 122.90 Td (share. ) Tj ET Q q 0 0 0 rg BT 182.07 122.90 Td (These ) Tj ET Q q 0 0 0 rg BT 202.52 122.90 Td (may ) Tj ET Q q 0 0 0 rg BT 217.63 122.90 Td (become ) Tj ET Q q 0 0 0 rg BT 243.85 122.90 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 269.63 122.90 Td (in ) Tj ET Q q 0 0 0 rg BT 277.20 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 288.31 122.90 Td (future. ) Tj ET Q q 0 0 0 rg BT 310.75 122.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 333.42 122.90 Td (of ) Tj ET Q q 0 0 0 rg BT 341.43 122.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 359.81 122.90 Td (A) Tj ET Q q 0 0 0 rg BT 365.15 122.90 Td ( ) Tj ET Q q 0 0 0 rg BT 366.49 122.90 Td (common ) Tj ET Q q 0 0 0 rg BT 395.83 122.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 414.06 122.90 Td (potentially ) Tj ET Q q 0 0 0 rg BT 449.61 122.90 Td (issuable ) Tj ET Q q 0 0 0 rg BT 476.73 122.90 Td (under ) Tj ET Q q 0 0 0 rg BT 496.28 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 507.40 122.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 524.74 122.90 Td (Convertible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 113.30 Td (Notes ) Tj ET Q q 0 0 0 rg BT 69.84 113.30 Td (may ) Tj ET Q q 0 0 0 rg BT 85.29 113.30 Td (also ) Tj ET Q q 0 0 0 rg BT 99.86 113.30 Td (become ) Tj ET Q q 0 0 0 rg BT 126.41 113.30 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 152.53 113.30 Td (in ) Tj ET Q q 0 0 0 rg BT 160.43 113.30 Td (the ) Tj ET Q q 0 0 0 rg BT 171.88 113.30 Td (future, ) Tj ET Q q 0 0 0 rg BT 194.66 113.30 Td (although ) Tj ET Q q 0 0 0 rg BT 224.33 113.30 Td (they ) Tj ET Q q 0 0 0 rg BT 239.79 113.30 Td (were ) Tj ET Q q 0 0 0 rg BT 257.01 113.30 Td (antidilutive ) Tj ET Q q 0 0 0 rg BT 295.12 113.30 Td (to ) Tj ET Q q 0 0 0 rg BT 303.02 113.30 Td (income ) Tj ET Q q 0 0 0 rg BT 328.25 113.30 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.70 113.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 382.24 113.30 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.24 113.30 Td (. ) Tj ET Q q 0 0 0 rg BT 401.92 113.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 416.04 113.30 Td (Series ) Tj ET Q q 0 0 0 rg BT 437.27 113.30 Td (B ) Tj ET Q q 0 0 0 rg BT 444.28 113.30 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 475.72 113.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 498.72 113.30 Td (were ) Tj ET Q q 0 0 0 rg BT 515.94 113.30 Td (not ) Tj ET Q q 0 0 0 rg BT 527.84 113.30 Td (considered ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 103.70 Td (for ) Tj ET Q q 0 0 0 rg BT 60.98 103.70 Td (dilution ) Tj ET Q q 0 0 0 rg BT 88.01 103.70 Td (as ) Tj ET Q q 0 0 0 rg BT 96.83 103.70 Td (they ) Tj ET Q q 0 0 0 rg BT 112.75 103.70 Td (are ) Tj ET Q q 0 0 0 rg BT 124.66 103.70 Td (not ) Tj ET Q q 0 0 0 rg BT 137.03 103.70 Td (convertible ) Tj ET Q q 0 0 0 rg BT 175.16 103.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 192.86 103.70 Td (to ) Tj ET Q q 0 0 0 rg BT 201.23 103.70 Td (June ) Tj ET Q q 0 0 0 rg BT 218.04 103.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 230.19 103.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 249.86 103.70 Td (As ) Tj ET Q q 0 0 0 rg BT 260.90 103.70 Td (set ) Tj ET Q q 0 0 0 rg BT 271.93 103.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 289.63 103.70 Td (in ) Tj ET Q q 0 0 0 rg BT 298.00 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 309.92 103.70 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 345.83 103.70 Td (of ) Tj ET Q q 0 0 0 rg BT 354.64 103.70 Td (Designation ) Tj ET Q q 0 0 0 rg BT 395.45 103.70 Td (for ) Tj ET Q q 0 0 0 rg BT 406.92 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 418.84 103.70 Td (Series ) Tj ET Q q 0 0 0 rg BT 440.54 103.70 Td (B ) Tj ET Q q 0 0 0 rg BT 448.03 103.70 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 479.93 103.70 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 505.41 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.33 103.70 Td (holders ) Tj ET Q q 0 0 0 rg BT 543.03 103.70 Td (of ) Tj ET Q q 0 0 0 rg BT 551.84 103.70 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (Series ) Tj ET Q q 0 0 0 rg BT 71.05 94.10 Td (B ) Tj ET Q q 0 0 0 rg BT 78.39 94.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 110.14 94.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 133.47 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 145.24 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 157.46 94.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 201.22 94.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 232.99 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.21 94.10 Td (share ) Tj ET Q q 0 0 0 rg BT 260.09 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.31 94.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.98 94.10 Td (losses.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (76) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 711.60 Td (20. ) Tj ET Q q 0 0 0 rg BT 61.50 711.60 Td (SEGMENT) Tj ET Q q 0 0 0 rg BT 101.36 711.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.36 711.60 Td (DA) Tj ET Q q 0 0 0 rg BT 114.32 711.60 Td (T) Tj ET Q q 0 0 0 rg BT 119.07 711.60 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 696.00 Td (In ) Tj ET Q q 0 0 0 rg BT 58.25 696.00 Td (the ) Tj ET Q q 0 0 0 rg BT 70.12 696.00 Td (first ) Tj ET Q q 0 0 0 rg BT 85.09 696.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 109.84 696.00 Td (of ) Tj ET Q q 0 0 0 rg BT 118.59 696.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 138.68 696.00 Td (the ) Tj ET Q q 0 0 0 rg BT 150.54 696.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.74 696.00 Td (changed ) Tj ET Q q 0 0 0 rg BT 212.48 696.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.35 696.00 Td (composition ) Tj ET Q q 0 0 0 rg BT 265.99 696.00 Td (of ) Tj ET Q q 0 0 0 rg BT 274.75 696.00 Td (its ) Tj ET Q q 0 0 0 rg BT 284.39 696.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 316.70 696.00 Td (segments. ) Tj ET Q q 0 0 0 rg BT 350.56 696.00 Td (From ) Tj ET Q q 0 0 0 rg BT 369.98 696.00 Td (January ) Tj ET Q q 0 0 0 rg BT 396.95 696.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 405.04 696.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 425.13 696.00 Td (we ) Tj ET Q q 0 0 0 rg BT 436.55 696.00 Td (manage ) Tj ET Q q 0 0 0 rg BT 463.52 696.00 Td (our ) Tj ET Q q 0 0 0 rg BT 476.27 696.00 Td (business ) Tj ET Q q 0 0 0 rg BT 505.47 696.00 Td (on ) Tj ET Q q 0 0 0 rg BT 515.56 696.00 Td (a ) Tj ET Q q 0 0 0 rg BT 521.20 696.00 Td (geographical ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (basis, ) Tj ET Q q 0 0 0 rg BT 69.65 686.40 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.02 686.40 Td (six) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.36 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 686.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.86 686.40 Td (segments: ) Tj ET Q q 0 0 0 rg BT 164.01 686.40 Td (Bulgaria, ) Tj ET Q q 0 0 0 rg BT 195.70 686.40 Td (Croatia, ) Tj ET Q q 0 0 0 rg BT 223.40 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 235.32 686.40 Td (Czech ) Tj ET Q q 0 0 0 rg BT 257.46 686.40 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 290.49 686.40 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 323.52 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 335.44 686.40 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 359.81 686.40 Td (Republic ) Tj ET Q q 0 0 0 rg BT 390.84 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 404.54 686.40 Td (Slovenia, ) Tj ET Q q 0 0 0 rg BT 436.69 686.40 Td (which ) Tj ET Q q 0 0 0 rg BT 458.39 686.40 Td (are ) Tj ET Q q 0 0 0 rg BT 470.30 686.40 Td (also ) Tj ET Q q 0 0 0 rg BT 485.34 686.40 Td (our ) Tj ET Q q 0 0 0 rg BT 498.15 686.40 Td (reportable ) Tj ET Q q 0 0 0 rg BT 532.72 686.40 Td (segments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.59 676.80 Td (our ) Tj ET Q q 0 0 0 rg BT 76.80 676.80 Td (main ) Tj ET Q q 0 0 0 rg BT 95.34 676.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 128.09 676.80 Td (countries.) Tj ET Q q 0 0 0 rg BT 161.27 676.80 Td (These ) Tj ET Q q 0 0 0 rg BT 182.92 676.80 Td (new ) Tj ET Q q 0 0 0 rg BT 198.79 676.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 231.54 676.80 Td (segments ) Tj ET Q q 0 0 0 rg BT 263.86 676.80 Td (reflect ) Tj ET Q q 0 0 0 rg BT 286.83 676.80 Td (how ) Tj ET Q q 0 0 0 rg BT 303.15 676.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 323.03 676.80 Td (Ltd.) 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 537.60 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 74.39 537.60 Td ( ) Tj ET Q q 0 0 0 rg BT 76.39 537.60 Td (may ) Tj ET Q q 0 0 0 rg BT 92.16 537.60 Td (not ) Tj ET Q q 0 0 0 rg BT 104.39 537.60 Td (be ) Tj ET Q q 0 0 0 rg BT 113.94 537.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 153.25 537.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.47 537.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 185.69 537.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 217.46 537.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 246.11 537.60 Td (by ) Tj ET Q q 0 0 0 rg BT 256.11 537.60 Td (other ) Tj ET Q q 0 0 0 rg BT 274.55 537.60 Td (companies.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 522.00 Td (Below ) Tj ET Q q 0 0 0 rg BT 72.05 522.00 Td (are ) Tj ET Q q 0 0 0 rg BT 83.49 522.00 Td (tables ) Tj ET Q q 0 0 0 rg BT 103.81 522.00 Td (showing ) Tj ET Q q 0 0 0 rg BT 132.59 522.00 Td (selected ) Tj ET Q q 0 0 0 rg BT 160.02 522.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.67 522.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 222.00 522.00 Td (information ) Tj ET Q q 0 0 0 rg BT 261.43 522.00 Td (by ) Tj ET Q q 0 0 0 rg BT 271.10 522.00 Td (segment ) Tj ET Q q 0 0 0 rg BT 299.43 522.00 Td (for ) Tj ET Q q 0 0 0 rg BT 310.42 522.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.86 522.00 Td (years ) Tj ET Q q 0 0 0 rg BT 340.41 522.00 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.18 522.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 407.71 522.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.71 522.00 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.38 522.00 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.38 522.00 Td ( ) Tj ET Q q 0 0 0 rg BT 445.05 522.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.26 522.00 Td (201) Tj ET Q q 0 0 0 rg BT 469.97 522.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.97 522.00 Td ( ) Tj ET Q q 0 0 0 rg BT 475.63 522.00 Td (for ) Tj ET Q q 0 0 0 rg BT 486.63 522.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 528.73 522.00 Td (statements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 512.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 512.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.49 512.40 Td (and ) Tj ET Q q 0 0 0 rg BT 107.04 512.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 157.46 512.40 Td (income ) Tj ET Q q 0 0 0 rg BT 183.01 512.40 Td (data ) Tj ET Q q 0 0 0 rg BT 198.34 512.40 Td (and ) Tj ET Q q 0 0 0 rg BT 211.89 512.40 Td (as ) Tj ET Q q 0 0 0 rg BT 220.55 512.40 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.32 512.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.19 512.40 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.19 512.40 Td ( ) Tj ET Q q 0 0 0 rg BT 293.19 512.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.74 512.40 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.74 512.40 Td ( ) Tj ET Q q 0 0 0 rg BT 324.74 512.40 Td (for ) Tj ET Q q 0 0 0 rg BT 336.07 512.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 378.50 512.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 404.93 512.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 423.37 512.40 Td (data:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 474.90 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 474.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 474.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 474.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 474.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 474.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 444.90 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 444.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 444.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 444.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 444.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 444.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 414.90 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 414.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 414.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 414.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 414.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 414.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 384.90 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 384.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 384.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 384.90 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 384.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 384.90 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 488.9 m 430 488.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 488.9 m 434 488.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 488.9 m 496 488.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496 488.9 m 500 488.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 488.9 m 562 488.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 474.9 m 430 474.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 474.9 m 496 474.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 488.9 m 562 488.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 474.9 m 562 474.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 474.9 m 562 474.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 369.9 m 562 369.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 369.9 m 430 369.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 356.9 m 430 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 354.9 m 430 354.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 369.9 m 496 369.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 356.9 m 496 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 354.9 m 496 354.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 369.9 m 562 369.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 356.9 m 562 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 354.9 m 562 354.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 493.13 Td (Net revenues:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 493.13 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.50 479.13 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.50 479.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.50 479.13 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 464.15 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 464.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 464.15 Td (87,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 464.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 464.15 Td (85,241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 464.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 464.15 Td (95,663) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 449.15 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 449.15 Td (61,864) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 449.15 Td (59,299) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 449.15 Td (63,674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 434.15 Td (Czech ) Tj ET Q q 0 0 0 rg BT 74.49 434.15 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 434.15 Td (191,824) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 434.15 Td (278,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 434.15 Td (313,947) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 419.15 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 419.15 Td (208,077) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 419.15 Td (195,551) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 419.15 Td (216,323) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 404.15 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 76.72 404.15 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 404.15 Td (82,404) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 404.15 Td (96,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.80 404.15 Td (105,091) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 389.15 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 389.15 Td (66,656) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 389.15 Td (68,895) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 389.15 Td (76,512) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 374.15 Td (Intersegment revenues ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 126.69 377.78 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.10 374.15 Td (\(7,239) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 374.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.10 374.15 Td (\(11,172) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 374.15 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 374.15 Td (\(6,428) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 374.15 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 360.13 Td (Total net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 360.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.80 360.13 Td (691,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.50 360.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.80 360.13 Td (772,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 360.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.80 360.13 Td (864,782) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 347.43 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 343.80 Td (Reflects ) Tj ET Q q 0 0 0 rg BT 113.71 343.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.14 343.80 Td (earned ) Tj ET Q q 0 0 0 rg BT 167.46 343.80 Td (from ) Tj ET Q q 0 0 0 rg BT 185.01 343.80 Td (the ) Tj ET Q q 0 0 0 rg BT 196.78 343.80 Td (sale ) Tj ET Q q 0 0 0 rg BT 211.22 343.80 Td (of ) Tj ET Q q 0 0 0 rg BT 219.88 343.80 Td (content ) Tj ET Q q 0 0 0 rg BT 245.43 343.80 Td (to ) Tj ET Q q 0 0 0 rg BT 253.65 343.80 Td (other ) Tj ET Q q 0 0 0 rg BT 272.09 343.80 Td (country ) Tj ET Q q 0 0 0 rg BT 298.53 343.80 Td (segments ) Tj ET Q q 0 0 0 rg BT 330.30 343.80 Td (in ) Tj ET Q q 0 0 0 rg BT 338.52 343.80 Td (CME.) Tj ET Q q 0 0 0 rg BT 359.42 343.80 Td (All ) Tj ET Q q 0 0 0 rg BT 371.64 343.80 Td (other ) Tj ET Q q 0 0 0 rg BT 390.08 343.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.51 343.80 Td (are ) Tj ET Q q 0 0 0 rg BT 432.27 343.80 Td (third ) Tj ET Q q 0 0 0 rg BT 449.38 343.80 Td (party ) Tj ET Q q 0 0 0 rg BT 467.82 343.80 Td (revenues.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 301.30 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 301.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 301.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 301.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 301.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 301.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 273.30 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 273.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 273.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 273.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 273.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 273.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 245.30 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 245.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 245.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 245.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 245.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 245.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 217.30 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 217.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 217.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 217.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 217.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 217.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 189.30 318.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 189.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.00 189.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 189.30 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 189.30 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 189.30 62.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 314.29999999999995 m 430 314.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430 314.29999999999995 m 434 314.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 314.29999999999995 m 496 314.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496 314.29999999999995 m 500 314.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 314.29999999999995 m 562 314.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368 301.29999999999995 m 430 301.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434 301.29999999999995 m 496 301.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 314.29999999999995 m 562 314.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 301.29999999999995 m 562 301.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 301.29999999999995 m 562 301.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 203.29999999999995 m 562 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 203.29999999999995 m 430 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 203.29999999999995 m 496 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 203.29999999999995 m 562 203.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 175.29999999999995 m 562 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 175.29999999999995 m 430 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 163.29999999999995 m 430 163.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 161.29999999999995 m 430 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 175.29999999999995 m 496 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 163.29999999999995 m 496 163.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 161.29999999999995 m 496 161.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 175.29999999999995 m 562 175.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 163.29999999999995 m 562 163.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 161.29999999999995 m 562 161.29999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 318.53 Td (OIBDA:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.25 318.53 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.50 305.53 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.50 305.53 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.50 305.53 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 291.55 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 291.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 291.55 Td (13,391) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 291.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 291.55 Td (13,121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 291.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 291.55 Td (11,137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 277.55 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 277.55 Td (8,258) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 277.55 Td (7,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 277.55 Td (4,310) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 263.55 Td (Czech ) Tj ET Q q 0 0 0 rg BT 74.49 263.55 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.10 263.55 Td (\(11,287) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 263.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 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464.10 617.75 Td (\(126,991) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 617.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.10 617.75 Td (\(132,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 617.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 602.75 Td (Loss ) Tj ET Q q 0 0 0 rg BT 69.61 602.75 Td (on ) Tj ET Q q 0 0 0 rg BT 79.61 602.75 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 130.94 602.75 Td (of ) Tj ET Q q 0 0 0 rg BT 139.61 602.75 Td (debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.10 602.75 Td (\(23,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 602.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.10 602.75 Td (\(198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.80 602.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 602.75 Td (\(25,904) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 602.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 587.75 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 79.39 587.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 109.37 587.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 141.57 587.75 Td (gain ) Tj ET Q q 0 0 0 rg BT 157.34 587.75 Td (/ ) Tj ET Q q 0 0 0 rg BT 161.57 587.75 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 183.34 587.75 Td (net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 587.75 Td (19,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 587.75 Td (4,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 587.75 Td (\(31,124) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 587.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 572.75 Td (Change ) Tj ET Q q 0 0 0 rg BT 78.94 572.75 Td (in ) Tj ET Q q 0 0 0 rg BT 87.16 572.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 100.26 572.75 Td (value ) Tj ET Q q 0 0 0 rg BT 119.59 572.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.25 572.75 Td (derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.80 572.75 Td (104) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 572.75 Td (49,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 572.75 Td (7,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 557.75 Td (Other ) Tj ET Q q 0 0 0 rg BT 72.71 557.75 Td (\(expense\) ) Tj ET Q q 0 0 0 rg BT 105.81 557.75 Td (/ ) Tj ET Q q 0 0 0 rg BT 110.03 557.75 Td (income ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.10 557.75 Td (\(591) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.80 557.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.80 557.75 Td (901) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.80 557.75 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 542.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 74.50 542.75 Td (/ ) Tj ET Q q 0 0 0 rg BT 78.72 542.75 Td (\(provision\) ) Tj ET Q q 0 0 0 rg BT 116.27 542.75 Td (for ) Tj ET Q q 0 0 0 rg BT 127.60 542.75 Td (income ) Tj ET Q q 0 0 0 rg BT 153.14 542.75 Td (taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 542.75 Td (17,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.80 542.75 Td (14,139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 538.10 542.75 Td (\(3,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.80 542.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 528.73 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.49 528.73 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.94 528.73 Td (fr) Tj ET Q q 0 0 0 rg BT 87.01 528.73 Td (om ) Tj ET Q q 0 0 0 rg BT 99.68 528.73 Td (continuing ) Tj ET Q q 0 0 0 rg BT 138.13 528.73 Td (operations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.50 528.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.10 528.73 Td (\(281,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.80 528.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.50 528.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.10 528.73 Td (\(546,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 528.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 528.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.10 528.73 Td (\(179,604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.80 528.73 Td (\)) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 496.50 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 496.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 496.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 496.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 466.50 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 466.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 466.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 466.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 436.50 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 436.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 436.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 436.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 406.50 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 406.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 406.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 406.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 48.50 376.50 318.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.50 376.50 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 376.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 376.50 96.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 496.5 m 462.5 496.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 496.5 m 562.5 496.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 496.5 m 462.5 496.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 496.5 m 562.5 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 406.5 m 462.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 406.5 m 562.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 376.5 m 462.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 376.5 m 562.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 376.5 m 462.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 362.5 m 462.5 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366.5 360.5 m 462.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 376.5 m 562.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 362.5 m 562.5 362.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 360.5 m 562.5 360.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.00 500.73 Td (T) Tj ET Q q 0 0 0 rg BT 55.60 500.73 Td (otal assets ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 92.04 504.36 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 98.11 500.73 Td (:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.50 500.73 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.50 500.73 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 485.75 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 485.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 485.75 Td (172,189) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 485.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 485.75 Td (230,563) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 470.75 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 470.75 Td (72,301) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 470.75 Td (68,205) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 455.75 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 455.75 Td (932,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.30 455.75 Td (1,040,371) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 440.75 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 440.75 Td (463,775) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 440.75 Td (465,417) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 425.75 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.30 425.75 Td (150,562) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 425.75 Td (160,866) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 410.75 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 410.75 Td (99,619) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 410.75 Td (119,497) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.00 395.73 Td (Total operating segments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 427.30 395.73 Td (1,890,838) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.30 395.73 Td (2,084,919) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.00 380.75 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 380.75 Td (71,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 380.75 Td (89,796) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 51.00 365.73 Td (Total assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.00 365.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 427.30 365.73 Td (1,961,873) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.00 365.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.30 365.73 Td (2,174,715) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 353.02 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 349.40 Td (Segment assets exclude any intercompany balances.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 309.90 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 309.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 309.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 309.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 309.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 309.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 283.90 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 283.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 283.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 283.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 283.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 283.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 257.90 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 257.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 257.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 257.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 257.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 257.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 231.90 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 231.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 231.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 231.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 231.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 231.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 205.90 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 205.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 205.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 205.90 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 205.90 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 205.90 62.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 322.9 m 429.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 322.9 m 433.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 322.9 m 495.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 322.9 m 499.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 322.9 m 561.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 322.9 m 429.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 309.9 m 429.5 309.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 322.9 m 495.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 309.9 m 495.5 309.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 322.9 m 561.5 322.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 309.9 m 561.5 309.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 309.9 m 429.5 309.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 309.9 m 495.5 309.9 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 309.9 m 561.5 309.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 231.89999999999998 m 429.5 231.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 231.89999999999998 m 495.5 231.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 231.89999999999998 m 561.5 231.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 205.89999999999998 m 429.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 205.89999999999998 m 495.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 205.89999999999998 m 561.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 205.89999999999998 m 429.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 193.89999999999998 m 429.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 191.89999999999998 m 429.5 191.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 205.89999999999998 m 495.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 193.89999999999998 m 495.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 191.89999999999998 m 495.5 191.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 205.89999999999998 m 561.5 205.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 193.89999999999998 m 561.5 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 191.89999999999998 m 561.5 191.89999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 327.13 Td (Capital Expenditures:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.75 327.13 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.00 314.13 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.00 314.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.40 314.13 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 301.15 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 301.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 301.15 Td (2,798) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 301.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 301.15 Td (4,413) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.00 301.15 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 301.15 Td (3,809) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 288.15 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 288.15 Td (2,574) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 288.15 Td (3,109) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 288.15 Td (2,888) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 275.15 Td (Czech ) Tj ET Q q 0 0 0 rg BT 73.99 275.15 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 275.15 Td (7,775) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 275.15 Td (8,201) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 275.15 Td (8,684) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 262.15 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 262.15 Td (5,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 262.15 Td (7,361) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 262.15 Td (6,608) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 249.15 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 76.22 249.15 Td (Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 249.15 Td (1,590) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 249.15 Td (1,990) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 249.15 Td (2,123) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 236.15 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 236.15 Td (4,018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 236.15 Td (4,638) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 236.15 Td (7,484) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 223.13 Td (Total operating segments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.30 223.13 Td (24,232) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.30 223.13 Td (29,712) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 223.13 Td (31,596) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 210.15 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 210.15 Td (6,217) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.30 210.15 Td (3,020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 210.15 Td (2,596) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 197.13 Td (Total capital expenditures) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.00 197.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.30 197.13 Td (30,449) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.00 197.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.30 197.13 Td (32,732) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.00 197.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 197.13 Td (34,192) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (78) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 723.50 Td (Long-lived assets by geography are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 700.00 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 700.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 700.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 700.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 674.00 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 674.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 674.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 674.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 648.00 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 648.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 648.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 648.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 622.00 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 622.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 622.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 622.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.00 330.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 596.00 89.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.50 596.00 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 596.00 89.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 700 m 468.5 700 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 700 m 561.5 700 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 622 m 468.5 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 622 m 561.5 622 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 596 m 468.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 584 m 468.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 582 m 468.5 582 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 596 m 561.5 596 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 584 m 561.5 584 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 582 m 561.5 582 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 704.23 Td (Long-lived assets ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0 0 0 rg BT 112.45 707.86 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 118.51 704.23 Td (:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.50 704.23 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.50 704.23 Td (December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 691.25 Td (Bulgaria) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.00 691.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.30 691.25 Td (13,742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.00 691.25 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 691.25 Td (13,796) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 678.25 Td (Croatia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 678.25 Td (6,234) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 678.25 Td (7,267) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 665.25 Td (Czech Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.30 665.25 Td (47,932) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 665.25 Td (51,673) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 652.25 Td (Romania) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.30 652.25 Td (81,165) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 652.25 Td (84,505) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 639.25 Td (Slovak Republic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.30 639.25 Td (20,299) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 639.25 Td (21,315) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 626.25 Td (Slovenia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.30 626.25 Td (20,226) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 626.25 Td (23,146) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 613.23 Td (Total operating segments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 613.23 Td (189,598) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 613.23 Td (201,702) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 600.25 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 600.25 Td (8,997) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 600.25 Td (5,004) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 587.23 Td (Total long-lived assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.00 587.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.30 587.23 Td (198,595) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 587.23 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 587.23 Td (206,706) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 67.50 574.52 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 85.50 570.90 Td (Reflects property) Tj ET Q q 0 0 0 rg BT 140.29 570.90 Td (, plant and equipment.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 528.40 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 528.40 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 528.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 528.40 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 528.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 528.40 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 502.40 318.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 502.40 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 502.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 502.40 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 502.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 502.40 62.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 541.4 m 429.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 541.4 m 433.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 541.4 m 495.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 541.4 m 499.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 541.4 m 561.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 541.4 m 429.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 528.4 m 429.5 528.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 541.4 m 495.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 528.4 m 495.5 528.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 541.4 m 561.5 541.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 528.4 m 561.5 528.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 528.4 m 429.5 528.4 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 528.4 m 561.5 528.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 489.4 m 429.5 489.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 489.4 m 561.5 489.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 489.4 m 429.5 489.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 477.4 m 429.5 477.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 475.4 m 429.5 475.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 489.4 m 495.5 489.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 477.4 m 495.5 477.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 475.4 m 495.5 475.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 489.4 m 561.5 489.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 477.4 m 561.5 477.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 475.4 m 561.5 475.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 545.63 Td (Revenue by type:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 403.75 545.63 Td (For The Year Ending December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.00 532.63 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.00 532.63 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 542.40 532.63 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 519.65 Td (Television advertising) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 519.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.30 519.65 Td (528,778) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 519.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.30 519.65 Td (616,233) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.00 519.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 519.65 Td (719,257) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 506.65 Td (Carriage fees and subscriptions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.30 506.65 Td (58,990) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.30 506.65 Td (43,357) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 506.65 Td (39,576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 493.65 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.30 493.65 Td (103,266) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.30 493.65 Td (112,495) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 493.65 Td (105,949) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 480.63 Td (Total net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.00 480.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.30 480.63 Td (691,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.00 480.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.30 480.63 Td (772,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.00 480.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 480.63 Td (864,782) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 461.30 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 461.30 Td (e ) Tj ET Q q 0 0 0 rg BT 61.96 461.30 Td (do ) Tj ET Q q 0 0 0 rg BT 71.96 461.30 Td (not ) Tj ET Q q 0 0 0 rg BT 84.18 461.30 Td (rely ) Tj ET Q q 0 0 0 rg BT 98.62 461.30 Td (on ) Tj ET Q q 0 0 0 rg BT 108.62 461.30 Td (any ) Tj ET Q q 0 0 0 rg BT 122.17 461.30 Td (single ) Tj ET Q q 0 0 0 rg BT 143.28 461.30 Td (major ) Tj ET Q q 0 0 0 rg BT 163.94 461.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 195.27 461.30 Td (or ) Tj ET Q q 0 0 0 rg BT 203.93 461.30 Td (group ) Tj ET Q q 0 0 0 rg BT 224.59 461.30 Td (of ) Tj ET Q q 0 0 0 rg BT 233.26 461.30 Td (major ) Tj ET Q q 0 0 0 rg BT 253.92 461.30 Td (customers.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 439.70 Td (21. ) Tj ET Q q 0 0 0 rg BT 67.50 439.70 Td (COMMITMENTS ) Tj ET Q q 0 0 0 rg BT 133.06 439.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 152.39 439.70 Td (CONTINGENCIES) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (Commitments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 408.50 Td (a\) ) Tj ET Q q 0 0 0 rg BT 58.50 408.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 66.20 408.50 Td (ogramming ) Tj ET Q q 0 0 0 rg BT 105.09 408.50 Td (Rights ) Tj ET Q q 0 0 0 rg BT 127.39 408.50 Td (Agr) Tj ET Q q 0 0 0 rg BT 139.10 408.50 Td (eements ) Tj ET Q q 0 0 0 rg BT 166.86 408.50 Td (and ) Tj ET Q q 0 0 0 rg BT 180.86 408.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 201.53 408.50 Td (Commitments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 392.90 Td (At ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.75 392.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 106.87 392.90 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 122.87 392.90 Td (, ) Tj ET Q q 0 0 0 rg BT 127.13 392.90 Td (we ) Tj ET Q q 0 0 0 rg BT 138.71 392.90 Td (had ) Tj ET Q q 0 0 0 rg BT 152.51 392.90 Td (total ) Tj ET Q q 0 0 0 rg BT 168.98 392.90 Td (commitments ) Tj ET Q q 0 0 0 rg BT 214.79 392.90 Td (of ) Tj ET Q q 0 0 0 rg BT 223.70 392.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.18 392.90 Td (253.6 ) Tj ET Q q 0 0 0 rg BT 260.44 392.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.55 392.90 Td ( ) Tj ET Q q 0 0 0 rg BT 285.80 392.90 Td (\() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.47 392.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 335.59 392.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.59 392.90 Td (: ) Tj ET Q q 0 0 0 rg BT 356.06 392.90 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.54 392.90 Td (356.8 ) Tj ET Q q 0 0 0 rg BT 392.79 392.90 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.91 392.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 420.82 392.90 Td (in ) Tj ET Q q 0 0 0 rg BT 429.30 392.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 454.21 392.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.12 392.90 Td (future ) Tj ET Q q 0 0 0 rg BT 484.48 392.90 Td (programming, ) Tj ET Q q 0 0 0 rg BT 532.28 392.90 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 383.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 80.69 383.30 Td (signed ) Tj ET Q q 0 0 0 rg BT 103.88 383.30 Td (with ) Tj ET Q q 0 0 0 rg BT 120.42 383.30 Td (license ) Tj ET Q q 0 0 0 rg BT 144.94 383.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 170.80 383.30 Td (starting ) Tj ET Q q 0 0 0 rg BT 197.11 383.30 Td (after ) Tj ET Q q 0 0 0 rg BT 214.07 383.30 Td (the ) Tj ET Q q 0 0 0 rg BT 226.15 383.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 252.89 383.30 Td (sheet ) Tj ET Q q 0 0 0 rg BT 271.64 383.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 289.10 383.30 Td (These ) Tj ET Q q 0 0 0 rg BT 310.52 383.30 Td (are ) Tj ET Q q 0 0 0 rg BT 322.59 383.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 355.56 383.30 Td (with ) Tj ET Q q 0 0 0 rg BT 372.09 383.30 Td (digital ) Tj ET Q q 0 0 0 rg BT 394.84 383.30 Td (transmission ) Tj ET Q q 0 0 0 rg BT 437.60 383.30 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 477.46 383.30 Td (future ) Tj ET Q q 0 0 0 rg BT 498.87 383.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 532.30 383.30 Td (operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 373.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 68.36 373.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 101.89 373.70 Td (for ) Tj ET Q q 0 0 0 rg BT 114.09 373.70 Td (non-cancellable ) Tj ET Q q 0 0 0 rg BT 167.59 373.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.67 373.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 222.65 373.70 Td (with ) Tj ET Q q 0 0 0 rg BT 239.74 373.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 275.04 373.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 295.69 373.70 Td (in ) Tj ET Q q 0 0 0 rg BT 304.78 373.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 328.53 373.70 Td (of ) Tj ET Q q 0 0 0 rg BT 338.06 373.70 Td (one ) Tj ET Q q 0 0 0 rg BT 352.48 373.70 Td (year ) Tj ET Q q 0 0 0 rg BT 369.12 373.70 Td (\(net ) Tj ET Q q 0 0 0 rg BT 384.43 373.70 Td (of ) Tj ET Q q 0 0 0 rg BT 393.96 373.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 423.94 373.70 Td (to ) Tj ET Q q 0 0 0 rg BT 433.03 373.70 Td (be ) Tj ET Q q 0 0 0 rg BT 443.45 373.70 Td (rechar) Tj ET Q q 0 0 0 rg BT 463.29 373.70 Td (ged ) Tj ET Q q 0 0 0 rg BT 477.71 373.70 Td (to ) Tj ET Q q 0 0 0 rg BT 486.80 373.70 Td (third ) Tj ET Q q 0 0 0 rg BT 504.78 373.70 Td (parties\) ) Tj ET Q q 0 0 0 rg BT 531.64 373.70 Td (and ) Tj ET Q q 0 0 0 rg BT 546.06 373.70 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 95.05 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 103.71 364.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 332.60 107.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 332.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 332.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 332.60 99.00 -14.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 157.00 276.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 276.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 276.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 276.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 276.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 276.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 276.60 99.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 248.60 107.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 248.60 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.00 248.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.00 248.60 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 248.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 248.60 99.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 248.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 248.60 99.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 157 332.6 m 256 332.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260 332.6 m 359 332.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 363 332.6 m 462 332.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466 332.6 m 565 332.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 157 332.6 m 256 332.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260 332.6 m 359 332.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466 332.6 m 565 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 248.60000000000002 m 256 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 236.60000000000002 m 256 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 234.60000000000002 m 256 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 248.60000000000002 m 359 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 236.60000000000002 m 359 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260 234.60000000000002 m 359 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 248.60000000000002 m 462 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 236.60000000000002 m 462 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 234.60000000000002 m 462 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 248.60000000000002 m 565 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 236.60000000000002 m 565 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 234.60000000000002 m 565 234.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 336.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 171.65 344.83 Td (Programming purchase) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 215.15 336.83 Td (obligations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.80 344.83 Td (Digital transmission) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 318.15 336.83 Td (obligations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.80 336.83 Td (Operating leases) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 336.83 Td (Capital expenditures) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 322.85 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.50 322.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.80 322.85 Td (91,802) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.50 322.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.80 322.85 Td (34,509) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 322.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 322.85 Td (5,899) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 322.85 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.80 322.85 Td (7,984) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 308.85 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.80 308.85 Td (78,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.80 308.85 Td (29,176) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 308.85 Td (3,725) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.80 308.85 Td (37) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 294.85 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.80 294.85 Td (59,191) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.80 294.85 Td (15,127) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 294.85 Td (2,124) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.80 294.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 280.85 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.80 280.85 Td (15,731) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.80 280.85 Td (10,323) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 280.85 Td (1,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.80 280.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 266.85 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.80 266.85 Td (8,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.80 266.85 Td (10,273) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 266.85 Td (1,693) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.80 266.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 252.85 Td (2019 ) Tj ET Q q 0 0 0 rg BT 70.50 252.85 Td (and ) Tj ET Q q 0 0 0 rg BT 84.05 252.85 Td (thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.80 252.85 Td (271) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.80 252.85 Td (37,024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.80 252.85 Td (9,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 553.80 252.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.50 239.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.10 239.83 Td (otal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.50 239.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 226.80 239.83 Td (253,605) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 262.50 239.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.80 239.83 Td (136,432) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.50 239.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.80 239.83 Td (24,374) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.50 239.83 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.80 239.83 Td (8,021) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 220.50 Td (For ) Tj ET Q q 0 0 0 rg BT 62.47 220.50 Td (the ) Tj ET Q q 0 0 0 rg BT 74.11 220.50 Td (years ) Tj ET Q q 0 0 0 rg BT 92.85 220.50 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.81 220.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 160.54 220.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 176.54 220.50 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.40 220.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.40 220.50 Td ( ) Tj ET Q q 0 0 0 rg BT 198.26 220.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.67 220.50 Td (201) Tj ET Q q 0 0 0 rg BT 223.37 220.50 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.37 220.50 Td (, ) Tj ET Q q 0 0 0 rg BT 231.23 220.50 Td (we ) Tj ET Q q 0 0 0 rg BT 242.42 220.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 270.93 220.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 303.88 220.50 Td (rent ) Tj ET Q q 0 0 0 rg BT 318.18 220.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 345.81 220.50 Td (on ) Tj ET Q q 0 0 0 rg BT 355.67 220.50 Td (all ) Tj ET Q q 0 0 0 rg BT 365.52 220.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 394.93 220.50 Td (of ) Tj ET Q q 0 0 0 rg BT 403.45 220.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.54 220.50 Td (14.7 ) Tj ET Q q 0 0 0 rg BT 435.40 220.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.51 220.50 Td (, ) Tj ET Q q 0 0 0 rg BT 462.37 220.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.46 220.50 Td (16.4 ) Tj ET Q q 0 0 0 rg BT 494.32 220.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.43 220.50 Td ( ) Tj ET Q q 0 0 0 rg BT 519.29 220.50 Td (and ) Tj ET Q q 0 0 0 rg BT 532.70 220.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.79 220.50 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Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 195.30 Td (b\) ) Tj ET Q q 0 0 0 rg BT 58.50 195.30 Td (Factoring of T) Tj ET Q q 0 0 0 rg BT 104.73 195.30 Td (rade Receivables) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 179.70 Td (CET) Tj ET Q q 0 0 0 rg BT 64.46 179.70 Td ( ) Tj ET Q q 0 0 0 rg BT 65.54 179.70 Td (21 ) Tj ET Q q 0 0 0 rg BT 74.61 179.70 Td (has ) Tj ET Q q 0 0 0 rg BT 86.34 179.70 Td (a ) Tj ET Q q 0 0 0 rg BT 90.96 179.70 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 108.03 179.70 Td (910 ) Tj ET Q q 0 0 0 rg BT 121.10 179.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 144.21 179.70 Td ( ) Tj ET Q q 0 0 0 rg BT 145.29 179.70 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 195.23 179.70 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 210.52 179.70 Td (45.7 ) Tj ET Q q 0 0 0 rg BT 225.59 179.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.71 179.70 Td (\) ) Tj ET Q q 0 0 0 rg BT 252.44 179.70 Td (factoring ) Tj ET Q q 0 0 0 rg BT 282.39 179.70 Td (framework ) Tj ET Q q 0 0 0 rg BT 318.55 179.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 352.93 179.70 Td (with ) Tj ET Q q 0 0 0 rg BT 368.23 179.70 Td (FCS. ) Tj ET Q q 0 0 0 rg BT 385.53 179.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 406.59 179.70 Td (this ) Tj ET Q q 0 0 0 rg BT 419.22 179.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 442.95 179.70 Td (up ) Tj ET Q q 0 0 0 rg BT 452.02 179.70 Td (to ) Tj ET Q q 0 0 0 rg BT 459.31 179.70 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.38 179.70 Td (910 ) Tj ET Q q 0 0 0 rg BT 489.45 179.70 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.57 179.70 Td ( ) Tj ET Q q 0 0 0 rg BT 513.64 179.70 Td (\(approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.63 170.10 Td (45.7 ) Tj ET Q q 0 0 0 rg BT 81.54 170.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.65 170.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 109.23 170.10 Td (may ) Tj ET Q q 0 0 0 rg BT 124.91 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 134.36 170.10 Td (factored ) Tj ET Q q 0 0 0 rg BT 162.47 170.10 Td (on ) Tj ET Q q 0 0 0 rg BT 172.38 170.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.84 170.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 206.84 170.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.41 170.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 259.08 170.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 278.56 170.10 Td (As ) Tj ET Q q 0 0 0 rg BT 289.36 170.10 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.04 170.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 343.82 170.10 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.82 170.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.72 170.10 Td (there ) Tj ET Q q 0 0 0 rg BT 381.62 170.10 Td (were ) Tj ET Q q 0 0 0 rg BT 399.07 170.10 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.98 170.10 Td (13.1 ) Tj ET Q q 0 0 0 rg BT 432.88 170.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.90 170.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 508.68 170.10 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.82 170.10 Td (0.7 ) Tj ET Q q 0 0 0 rg BT 536.72 170.10 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.84 170.10 Td (\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 160.50 Td (\() Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.16 160.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 99.16 160.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 115.16 160.50 Td (: ) Tj ET Q q 0 0 0 rg BT 119.52 160.50 Td (CZK ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.65 160.50 Td (132.4 ) Tj ET Q q 0 0 0 rg BT 157.78 160.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 180.89 160.50 Td (, ) Tj ET Q q 0 0 0 rg BT 185.02 160.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 233.36 160.50 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.72 160.50 Td (6.7 ) Tj ET Q q 0 0 0 rg BT 261.85 160.50 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.96 160.50 Td ( ) Tj ET Q q 0 0 0 rg BT 287.09 160.50 Td (based ) Tj ET Q q 0 0 0 rg BT 307.44 160.50 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.57 160.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 364.57 160.50 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.57 160.50 Td ( ) Tj ET Q q 0 0 0 rg BT 382.70 160.50 Td (rates\), ) Tj ET Q q 0 0 0 rg BT 404.59 160.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.39 160.50 Td (receivables ) Tj ET Q q 0 0 0 rg BT 451.50 160.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 476.29 160.50 Td (tothe ) Tj ET Q q 0 0 0 rg BT 496.41 160.50 Td (factoring ) Tj ET Q q 0 0 0 rg BT 527.42 160.50 Td (framework ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 150.90 Td (agreement.) 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Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 657.60 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 83.05 657.60 Td (Competition ) Tj ET Q q 0 0 0 rg BT 124.60 657.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 132.30 657.60 Td (oceeding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 643.00 Td (On ) Tj ET Q q 0 0 0 rg BT 60.38 643.00 Td (April ) Tj ET Q q 0 0 0 rg BT 78.68 643.00 Td (24, ) Tj ET Q q 0 0 0 rg BT 90.10 643.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 107.51 643.00 Td (the ) Tj ET Q q 0 0 0 rg BT 118.70 643.00 Td (Competition ) Tj ET Q q 0 0 0 rg BT 160.12 643.00 Td (Protection ) Tj ET Q q 0 0 0 rg BT 194.10 643.00 Td (Agency ) Tj ET Q q 0 0 0 rg BT 220.39 643.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.47 643.00 Td (the ) Tj ET Q q 0 0 0 rg BT 239.66 643.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 269.96 643.00 Td (of ) Tj ET Q q 0 0 0 rg BT 278.04 643.00 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 307.45 643.00 Td (\(CP) Tj ET Q q 0 0 0 rg BT 322.72 643.00 Td (A\) ) Tj ET Q q 0 0 0 rg BT 336.12 643.00 Td (adopted ) Tj 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0 0 rg BT 292.01 633.40 Td (television ) Tj ET Q q 0 0 0 rg BT 325.71 633.40 Td (advertising ) Tj ET Q q 0 0 0 rg BT 363.86 633.40 Td (market ) Tj ET Q q 0 0 0 rg BT 388.67 633.40 Td (in ) Tj ET Q q 0 0 0 rg BT 397.49 633.40 Td (breach ) Tj ET Q q 0 0 0 rg BT 421.41 633.40 Td (of ) Tj ET Q q 0 0 0 rg BT 430.67 633.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 466.14 633.40 Td (competition ) Tj ET Q q 0 0 0 rg BT 506.96 633.40 Td (law) Tj ET Q q 0 0 0 rg BT 517.99 633.40 Td (, ) Tj ET Q q 0 0 0 rg BT 522.59 633.40 Td (by ) Tj ET Q q 0 0 0 rg BT 533.19 633.40 Td (requiring ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 623.80 Td (exclusivity ) Tj ET Q q 0 0 0 rg BT 86.46 623.80 Td (from ) Tj ET Q q 0 0 0 rg BT 103.86 623.80 Td (its ) Tj ET Q q 0 0 0 rg BT 113.27 623.80 Td (advertising ) Tj ET Q q 0 0 0 rg BT 150.66 623.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 184.95 623.80 Td (and ) Tj ET Q q 0 0 0 rg BT 198.35 623.80 Td (by ) Tj ET Q q 0 0 0 rg BT 208.20 623.80 Td (applying ) Tj ET Q q 0 0 0 rg BT 238.05 623.80 Td (loyalty ) Tj ET Q q 0 0 0 rg BT 262.12 623.80 Td (discounts ) Tj ET Q q 0 0 0 rg BT 294.19 623.80 Td (in ) Tj ET Q q 0 0 0 rg BT 302.27 623.80 Td (favor ) Tj ET Q q 0 0 0 rg BT 321.00 623.80 Td (of ) Tj ET Q q 0 0 0 rg BT 329.51 623.80 Td (its ) Tj ET Q q 0 0 0 rg BT 338.92 623.80 Td (customers. ) Tj ET Q q 0 0 0 rg BT 375.21 623.80 Td (Pro ) Tj ET Q q 0 0 0 rg BT 388.17 623.80 Td (Plus ) Tj ET Q q 0 0 0 rg BT 403.81 623.80 Td (filed ) Tj ET Q q 0 0 0 rg BT 420.32 623.80 Td (an ) Tj ET Q q 0 0 0 rg BT 429.72 623.80 Td (appeal ) Tj ET Q q 0 0 0 rg BT 452.45 623.80 Td (with ) Tj ET Q q 0 0 0 rg BT 468.52 623.80 Td (the ) Tj ET Q q 0 0 0 rg BT 480.14 623.80 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 513.99 623.80 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 544.28 623.80 Td (Court ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 614.20 Td (on ) Tj ET Q q 0 0 0 rg BT 60.14 614.20 Td (May ) Tj ET Q q 0 0 0 rg BT 77.44 614.20 Td (24, ) Tj ET Q q 0 0 0 rg BT 90.07 614.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 110.71 614.20 Td (On ) Tj ET Q q 0 0 0 rg BT 123.13 614.20 Td (December ) Tj ET Q q 0 0 0 rg BT 158.63 614.20 Td (3, ) Tj ET Q q 0 0 0 rg BT 167.27 614.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 187.90 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 200.31 614.20 Td (Slovenian ) Tj ET Q q 0 0 0 rg BT 234.95 614.20 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 266.02 614.20 Td (Court ) Tj ET Q q 0 0 0 rg BT 286.88 614.20 Td (af) Tj ET Q q 0 0 0 rg BT 292.95 614.20 Td (firmed ) Tj ET Q q 0 0 0 rg BT 316.91 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 329.32 614.20 Td (decision ) Tj ET Q q 0 0 0 rg BT 358.62 614.20 Td (of ) Tj ET Q q 0 0 0 rg BT 367.92 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 380.33 614.20 Td (CP) Tj ET Q q 0 0 0 rg BT 389.38 614.20 Td (A. ) Tj ET Q q 0 0 0 rg BT 399.79 614.20 Td (In ) Tj ET Q q 0 0 0 rg BT 409.09 614.20 Td (order ) Tj ET Q q 0 0 0 rg BT 428.61 614.20 Td (to ) Tj ET Q q 0 0 0 rg BT 437.47 614.20 Td (impose ) Tj ET Q q 0 0 0 rg BT 463.21 614.20 Td (a ) Tj ET Q q 0 0 0 rg BT 469.40 614.20 Td (fine, ) Tj ET Q q 0 0 0 rg BT 486.48 614.20 Td (the ) Tj ET Q q 0 0 0 rg BT 498.89 614.20 Td (CP) Tj ET Q q 0 0 0 rg BT 507.94 614.20 Td (A) Tj ET Q q 0 0 0 rg BT 513.27 614.20 Td ( ) Tj ET Q q 0 0 0 rg BT 515.91 614.20 Td (would ) Tj ET Q q 0 0 0 rg BT 538.55 614.20 Td (need ) Tj ET Q q 0 0 0 rg BT 556.29 614.20 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 604.60 Td (commence ) Tj ET Q q 0 0 0 rg BT 85.76 604.60 Td (a ) Tj ET Q q 0 0 0 rg BT 90.92 604.60 Td (new ) Tj ET Q q 0 0 0 rg BT 105.85 604.60 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 143.00 604.60 Td (and ) Tj ET Q q 0 0 0 rg BT 156.16 604.60 Td (any ) Tj ET Q q 0 0 0 rg BT 169.32 604.60 Td (fine ) Tj ET Q q 0 0 0 rg BT 183.36 604.60 Td (that ) Tj ET Q q 0 0 0 rg BT 196.97 604.60 Td (may ) Tj ET Q q 0 0 0 rg BT 212.35 604.60 Td (be ) Tj ET Q q 0 0 0 rg BT 221.51 604.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 250.23 604.60 Td (would ) Tj ET Q q 0 0 0 rg BT 271.84 604.60 Td (be ) Tj ET Q q 0 0 0 rg BT 281.00 604.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 305.26 604.60 Td (to ) Tj ET Q q 0 0 0 rg BT 313.09 604.60 Td (a ) Tj ET Q q 0 0 0 rg BT 318.25 604.60 Td (statutory ) Tj ET Q q 0 0 0 rg BT 347.86 604.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 381.91 604.60 Td (of ) Tj ET Q q 0 0 0 rg BT 390.18 604.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 401.56 604.60 Td (percent ) Tj ET Q q 0 0 0 rg BT 426.71 604.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.98 604.60 Td (Pro ) Tj ET Q q 0 0 0 rg BT 447.70 604.60 Td (Plus' ) Tj ET Q q 0 0 0 rg BT 464.54 604.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 487.47 604.60 Td (turnover ) Tj ET Q q 0 0 0 rg BT 516.18 604.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.01 604.60 Td (the ) Tj ET Q q 0 0 0 rg BT 535.39 604.60 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 595.00 Td (year ) Tj ET Q q 0 0 0 rg BT 65.29 595.00 Td (preceding ) Tj ET Q q 0 0 0 rg BT 98.85 595.00 Td (the ) Tj ET Q q 0 0 0 rg BT 110.65 595.00 Td (year ) Tj ET Q q 0 0 0 rg BT 126.44 595.00 Td (in ) Tj ET Q q 0 0 0 rg BT 134.69 595.00 Td (which ) Tj ET Q q 0 0 0 rg BT 156.26 595.00 Td (a ) Tj ET Q q 0 0 0 rg BT 161.84 595.00 Td (fine ) Tj ET Q q 0 0 0 rg BT 176.30 595.00 Td (is ) Tj ET Q q 0 0 0 rg BT 183.66 595.00 Td (imposed. ) Tj ET Q q 0 0 0 rg BT 214.65 595.00 Td (T) Tj ET Q q 0 0 0 rg BT 218.98 595.00 Td (o ) Tj ET Q q 0 0 0 rg BT 225.00 595.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 242.35 595.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.15 595.00 Td (CP) Tj ET Q q 0 0 0 rg BT 263.20 595.00 Td (A) Tj ET Q q 0 0 0 rg BT 268.53 595.00 Td ( ) Tj ET Q q 0 0 0 rg BT 270.56 595.00 Td (has ) Tj ET Q q 0 0 0 rg BT 283.25 595.00 Td (not ) Tj ET Q q 0 0 0 rg BT 295.49 595.00 Td (imposed ) Tj ET Q q 0 0 0 rg BT 324.63 595.00 Td (any ) Tj ET Q q 0 0 0 rg BT 338.20 595.00 Td (fine ) Tj ET Q q 0 0 0 rg BT 352.67 595.00 Td (on ) Tj ET Q q 0 0 0 rg BT 362.69 595.00 Td (Pro ) Tj ET Q q 0 0 0 rg BT 375.83 595.00 Td (Plus. ) Tj ET Q q 0 0 0 rg BT 393.64 595.00 Td (Pro ) Tj ET Q q 0 0 0 rg BT 406.77 595.00 Td (Plus ) Tj ET Q q 0 0 0 rg BT 422.58 595.00 Td (is ) Tj ET Q q 0 0 0 rg BT 429.94 595.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 460.84 595.00 Td (unable ) Tj ET Q q 0 0 0 rg BT 484.19 595.00 Td (to ) Tj ET Q q 0 0 0 rg BT 492.44 595.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 521.12 595.00 Td (the ) Tj ET Q q 0 0 0 rg BT 532.92 595.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 555.83 595.00 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.27 585.40 Td (new ) Tj ET Q q 0 0 0 rg BT 76.60 585.40 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 114.14 585.40 Td (or ) Tj ET Q q 0 0 0 rg BT 122.80 585.40 Td (the ) Tj ET Q q 0 0 0 rg BT 134.58 585.40 Td (size ) Tj ET Q q 0 0 0 rg BT 149.02 585.40 Td (of ) Tj ET Q q 0 0 0 rg BT 157.68 585.40 Td (any ) Tj ET Q q 0 0 0 rg BT 171.23 585.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 201.22 585.40 Td (future ) Tj ET Q q 0 0 0 rg BT 222.32 585.40 Td (fine.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 569.80 Td (b\) ) Tj ET Q q 0 0 0 rg BT 58.50 569.80 Td (Restrictions on dividends fr) Tj ET Q q 0 0 0 rg BT 146.42 569.80 Td (om Consolidated Subsidiaries and Unconsolidated ) Tj ET Q q 0 0 0 rg BT 310.94 569.80 Td (Affiliates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 554.20 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 83.71 554.20 Td (law ) Tj ET Q q 0 0 0 rg BT 97.49 554.20 Td (in ) Tj ET Q q 0 0 0 rg BT 105.94 554.20 Td (the ) Tj ET Q q 0 0 0 rg BT 117.93 554.20 Td (Central ) Tj ET Q q 0 0 0 rg BT 143.71 554.20 Td (and ) Tj ET Q q 0 0 0 rg BT 157.48 554.20 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 183.69 554.20 Td (European ) Tj ET Q q 0 0 0 rg BT 216.57 554.20 Td (countries ) Tj ET Q q 0 0 0 rg BT 248.12 554.20 Td (in ) Tj ET Q q 0 0 0 rg BT 256.57 554.20 Td (which ) Tj ET Q q 0 0 0 rg BT 278.34 554.20 Td (we ) Tj ET Q q 0 0 0 rg BT 289.89 554.20 Td (have ) Tj ET Q q 0 0 0 rg BT 307.22 554.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 342.77 554.20 Td (stipulates ) Tj ET Q q 0 0 0 rg BT 375.21 554.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 407.20 554.20 Td (that ) Tj ET Q q 0 0 0 rg BT 421.42 554.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 454.75 554.20 Td (may ) Tj ET Q q 0 0 0 rg BT 470.75 554.20 Td (be ) Tj ET Q q 0 0 0 rg BT 480.53 554.20 Td (declared ) Tj ET Q q 0 0 0 rg BT 509.84 554.20 Td (by ) Tj ET Q q 0 0 0 rg BT 520.07 554.20 Td (shareholders, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 544.60 Td (out ) Tj ET Q q 0 0 0 rg BT 62.25 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 71.44 544.60 Td (yearly ) Tj ET Q q 0 0 0 rg BT 93.96 544.60 Td (profits, ) Tj ET Q q 0 0 0 rg BT 119.38 544.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 144.56 544.60 Td (to ) Tj ET Q q 0 0 0 rg BT 153.31 544.60 Td (the ) Tj ET Q q 0 0 0 rg BT 165.62 544.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 208.57 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.76 544.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 251.83 544.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 275.67 544.60 Td (and ) Tj ET Q q 0 0 0 rg BT 289.75 544.60 Td (required ) Tj ET Q q 0 0 0 rg BT 318.93 544.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 347.67 544.60 Td (after ) Tj ET Q q 0 0 0 rg BT 364.85 544.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.15 544.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 407.66 544.60 Td (of ) Tj ET Q q 0 0 0 rg BT 416.85 544.60 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 459.80 544.60 Td (losses. ) Tj ET Q q 0 0 0 rg BT 483.26 544.60 Td (The ) Tj ET Q q 0 0 0 rg BT 498.23 544.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 523.85 544.60 Td (requirement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 535.00 Td (restriction ) Tj ET Q q 0 0 0 rg BT 83.92 535.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 115.66 535.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 145.20 535.00 Td (that ) Tj ET Q q 0 0 0 rg BT 159.18 535.00 Td (before ) Tj ET Q q 0 0 0 rg BT 181.59 535.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 214.69 535.00 Td (may ) Tj ET Q q 0 0 0 rg BT 230.45 535.00 Td (be ) Tj ET Q q 0 0 0 rg BT 239.98 535.00 Td (distributed, ) Tj ET Q q 0 0 0 rg BT 278.18 535.00 Td (a ) Tj ET Q q 0 0 0 rg BT 283.72 535.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 308.81 535.00 Td (of ) Tj ET Q q 0 0 0 rg BT 317.46 535.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 340.77 535.00 Td (net ) Tj ET Q q 0 0 0 rg BT 352.53 535.00 Td (profits ) Tj ET Q q 0 0 0 rg BT 375.40 535.00 Td (\(typically ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.04 535.00 Td (5.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.70 535.00 Td (\) ) Tj ET Q q 0 0 0 rg BT 429.35 535.00 Td (be ) Tj ET Q q 0 0 0 rg BT 438.89 535.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 469.74 535.00 Td (to ) Tj ET Q q 0 0 0 rg BT 477.95 535.00 Td (a ) Tj ET Q q 0 0 0 rg BT 483.48 535.00 Td (reserve, ) Tj ET Q q 0 0 0 rg BT 510.56 535.00 Td (which ) Tj ET Q q 0 0 0 rg BT 532.10 535.00 Td (reserve ) Tj ET Q q 0 0 0 rg BT 557.18 535.00 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 525.40 Td (capped ) Tj ET Q q 0 0 0 rg BT 74.15 525.40 Td (at ) Tj ET Q q 0 0 0 rg BT 81.92 525.40 Td (a ) Tj ET Q q 0 0 0 rg BT 87.47 525.40 Td (proportion ) Tj ET Q q 0 0 0 rg BT 123.25 525.40 Td (of ) Tj ET Q q 0 0 0 rg BT 131.91 525.40 Td (the ) Tj ET Q q 0 0 0 rg BT 143.68 525.40 Td (registered ) Tj ET Q q 0 0 0 rg BT 177.22 525.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 200.54 525.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.20 525.40 Td (a ) Tj ET Q q 0 0 0 rg BT 214.75 525.40 Td (company ) Tj ET Q q 0 0 0 rg BT 246.08 525.40 Td (\(ranging ) Tj ET Q q 0 0 0 rg BT 275.18 525.40 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.73 525.40 Td (5.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.39 525.40 Td ( ) Tj ET Q q 0 0 0 rg BT 311.39 525.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.61 525.40 Td (25.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.27 525.40 Td (\). ) Tj ET Q q 0 0 0 rg BT 346.79 525.40 Td (The ) Tj ET Q q 0 0 0 rg BT 361.23 525.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 392.99 525.40 Td (net ) Tj ET Q q 0 0 0 rg BT 404.76 525.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.43 525.40 Td (of ) Tj ET Q q 0 0 0 rg BT 434.09 525.40 Td (our ) Tj ET Q q 0 0 0 rg BT 446.75 525.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 489.18 525.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 528.96 525.40 Td (and ) Tj ET Q q 0 0 0 rg BT 542.51 525.40 Td (equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 515.80 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 515.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.82 515.80 Td (of ) Tj ET Q q 0 0 0 rg BT 95.49 515.80 Td (investments ) Tj ET Q q 0 0 0 rg BT 135.71 515.80 Td (accounted ) Tj ET Q q 0 0 0 rg BT 170.13 515.80 Td (for ) Tj ET Q q 0 0 0 rg BT 181.46 515.80 Td (under ) Tj ET Q q 0 0 0 rg BT 201.68 515.80 Td (the ) Tj ET Q q 0 0 0 rg BT 213.45 515.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 235.45 515.80 Td (method ) Tj ET Q q 0 0 0 rg BT 261.44 515.80 Td (together ) Tj ET Q q 0 0 0 rg BT 289.65 515.80 Td (are ) Tj ET Q q 0 0 0 rg BT 301.42 515.80 Td (less ) Tj ET Q q 0 0 0 rg BT 315.42 515.80 Td (than ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.19 515.80 Td (25.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.86 515.80 Td ( ) Tj ET Q q 0 0 0 rg BT 353.86 515.80 Td (of ) Tj ET Q q 0 0 0 rg BT 362.52 515.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 404.95 515.80 Td (net ) Tj ET Q q 0 0 0 rg BT 416.73 515.80 Td (assets.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 494.20 Td (22. ) Tj ET Q q 0 0 0 rg BT 67.50 494.20 Td (RELA) Tj ET Q q 0 0 0 rg BT 89.13 494.20 Td (TED ) Tj ET Q q 0 0 0 rg BT 107.58 494.20 Td (P) Tj ET Q q 0 0 0 rg BT 111.88 494.20 Td (AR) Tj ET Q q 0 0 0 rg BT 123.15 494.20 Td (TY) Tj ET Q q 0 0 0 rg BT 133.96 494.20 Td ( ) Tj ET Q q 0 0 0 rg BT 135.82 494.20 Td (TRANSACTIONS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 478.60 Td (Overview) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 463.00 Td (There ) Tj ET Q q 0 0 0 rg BT 69.98 463.00 Td (is ) Tj ET Q q 0 0 0 rg BT 77.14 463.00 Td (a ) Tj ET Q q 0 0 0 rg BT 82.51 463.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 107.00 463.00 Td (local ) Tj ET Q q 0 0 0 rg BT 124.38 463.00 Td (market ) Tj ET Q q 0 0 0 rg BT 148.41 463.00 Td (for ) Tj ET Q q 0 0 0 rg BT 159.57 463.00 Td (many ) Tj ET Q q 0 0 0 rg BT 179.16 463.00 Td (specialty ) Tj ET Q q 0 0 0 rg BT 209.42 463.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 252.12 463.00 Td (and ) Tj ET Q q 0 0 0 rg BT 265.50 463.00 Td (production ) Tj ET Q q 0 0 0 rg BT 301.98 463.00 Td (services ) Tj ET Q q 0 0 0 rg BT 329.58 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 337.62 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.22 463.00 Td (countries ) Tj ET Q q 0 0 0 rg BT 380.37 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 388.42 463.00 Td (which ) Tj ET Q q 0 0 0 rg BT 409.79 463.00 Td (we ) Tj ET Q q 0 0 0 rg BT 420.95 463.00 Td (operate; ) Tj ET Q q 0 0 0 rg BT 448.54 463.00 Td (many ) Tj ET Q q 0 0 0 rg BT 468.13 463.00 Td (of ) Tj ET Q q 0 0 0 rg BT 476.62 463.00 Td (these ) Tj ET Q q 0 0 0 rg BT 494.89 463.00 Td (services ) Tj ET Q q 0 0 0 rg BT 522.48 463.00 Td (are ) Tj ET Q q 0 0 0 rg BT 534.07 463.00 Td (provided ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 453.40 Td (by ) Tj ET Q q 0 0 0 rg BT 59.64 453.40 Td (parties ) Tj ET Q q 0 0 0 rg BT 83.10 453.40 Td (known ) Tj ET Q q 0 0 0 rg BT 107.01 453.40 Td (to ) Tj ET Q q 0 0 0 rg BT 115.37 453.40 Td (be ) Tj ET Q q 0 0 0 rg BT 125.06 453.40 Td (connected ) Tj ET Q q 0 0 0 rg BT 159.62 453.40 Td (to ) Tj ET Q q 0 0 0 rg BT 167.98 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 180.78 453.40 Td (local ) Tj ET Q q 0 0 0 rg BT 198.46 453.40 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 243.03 453.40 Td (members ) Tj ET Q q 0 0 0 rg BT 274.49 453.40 Td (of ) Tj ET Q q 0 0 0 rg BT 283.29 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 296.09 453.40 Td (management ) Tj ET Q q 0 0 0 rg BT 339.10 453.40 Td (and ) Tj ET Q q 0 0 0 rg BT 352.79 453.40 Td (board ) Tj ET Q q 0 0 0 rg BT 373.14 453.40 Td (of ) Tj ET Q q 0 0 0 rg BT 381.94 453.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 412.07 453.40 Td (or ) Tj ET Q q 0 0 0 rg BT 420.87 453.40 Td (our ) Tj ET Q q 0 0 0 rg BT 433.67 453.40 Td (equity ) Tj ET Q q 0 0 0 rg BT 455.80 453.40 Td (investees. ) Tj ET Q q 0 0 0 rg BT 489.11 453.40 Td (T) Tj ET Q q 0 0 0 rg BT 493.71 453.40 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 531.84 453.40 Td (involving ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 443.80 Td (related ) Tj ET Q q 0 0 0 rg BT 73.37 443.80 Td (parties ) Tj ET Q q 0 0 0 rg BT 96.80 443.80 Td (cannot ) Tj ET Q q 0 0 0 rg BT 120.24 443.80 Td (be ) Tj ET Q q 0 0 0 rg BT 129.90 443.80 Td (presumed ) Tj ET Q q 0 0 0 rg BT 163.11 443.80 Td (to ) Tj ET Q q 0 0 0 rg BT 171.44 443.80 Td (be ) Tj ET Q q 0 0 0 rg BT 181.10 443.80 Td (carried ) Tj ET Q q 0 0 0 rg BT 205.41 443.80 Td (out ) Tj ET Q q 0 0 0 rg BT 217.75 443.80 Td (on ) Tj ET Q q 0 0 0 rg BT 227.86 443.80 Td (an ) Tj ET Q q 0 0 0 rg BT 237.52 443.80 Td (arm) Tj ET Q q 0 0 0 rg BT 252.18 443.80 Td (s-length ) Tj ET Q q 0 0 0 rg BT 280.06 443.80 Td (basis, ) Tj ET Q q 0 0 0 rg BT 300.17 443.80 Td (as ) Tj ET Q q 0 0 0 rg BT 308.94 443.80 Td (the ) Tj ET Q q 0 0 0 rg BT 320.82 443.80 Td (requisite ) Tj ET Q q 0 0 0 rg BT 350.48 443.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 385.92 443.80 Td (of ) Tj ET Q q 0 0 0 rg BT 394.70 443.80 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 436.57 443.80 Td (free-market ) Tj ET Q q 0 0 0 rg BT 475.98 443.80 Td (dealings ) Tj ET Q q 0 0 0 rg BT 504.75 443.80 Td (may ) Tj ET Q q 0 0 0 rg BT 520.64 443.80 Td (not ) Tj ET Q q 0 0 0 rg BT 532.97 443.80 Td (exist. ) Tj ET Q q 0 0 0 rg BT 552.04 443.80 Td (W) Tj ET Q q 0 0 0 rg BT 558.95 443.80 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 434.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 79.05 434.20 Td (to ) Tj ET Q q 0 0 0 rg BT 87.27 434.20 Td (review ) Tj ET Q q 0 0 0 rg BT 111.04 434.20 Td (all ) Tj ET Q q 0 0 0 rg BT 121.03 434.20 Td (of ) Tj ET Q q 0 0 0 rg BT 129.70 434.20 Td (these ) Tj ET Q q 0 0 0 rg BT 148.13 434.20 Td (arrangements.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 418.60 Td (Related ) Tj ET Q q 0 0 0 rg BT 77.71 418.60 Td (Party ) Tj ET Q q 0 0 0 rg BT 98.82 418.60 Td (Gr) Tj ET Q q 0 0 0 rg BT 108.45 418.60 Td (oups) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 403.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 403.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.13 403.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 91.39 403.00 Td (our ) Tj ET Q q 0 0 0 rg BT 104.22 403.00 Td (related ) Tj ET Q q 0 0 0 rg BT 128.14 403.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 151.63 403.00 Td (to ) Tj ET Q q 0 0 0 rg BT 160.02 403.00 Td (be ) Tj ET Q q 0 0 0 rg BT 169.73 403.00 Td (those ) Tj ET Q q 0 0 0 rg BT 188.79 403.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 231.38 403.00 Td (who ) Tj ET Q q 0 0 0 rg BT 247.32 403.00 Td (have ) Tj ET Q q 0 0 0 rg BT 264.59 403.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 284.96 403.00 Td (control ) Tj ET Q q 0 0 0 rg BT 309.79 403.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 332.39 403.00 Td (influence ) Tj ET Q q 0 0 0 rg BT 364.31 403.00 Td (and ) Tj ET Q q 0 0 0 rg BT 378.03 403.00 Td (other ) Tj ET Q q 0 0 0 rg BT 396.63 403.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 420.12 403.00 Td (that ) Tj ET Q q 0 0 0 rg BT 434.28 403.00 Td (can ) Tj ET Q q 0 0 0 rg BT 447.54 403.00 Td (significantly ) Tj ET Q q 0 0 0 rg BT 489.70 403.00 Td (influence ) Tj ET Q q 0 0 0 rg BT 521.63 403.00 Td (management ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 393.40 Td (as ) Tj ET Q q 0 0 0 rg BT 57.59 393.40 Td (well ) Tj ET Q q 0 0 0 rg BT 72.79 393.40 Td (as ) Tj ET Q q 0 0 0 rg BT 80.88 393.40 Td (our ) Tj ET Q q 0 0 0 rg BT 92.97 393.40 Td (of) Tj ET Q q 0 0 0 rg BT 99.49 393.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 118.68 393.40 Td (and ) Tj ET Q q 0 0 0 rg BT 131.66 393.40 Td (directors; ) Tj ET Q q 0 0 0 rg BT 163.29 393.40 Td (a ) Tj ET Q q 0 0 0 rg BT 168.27 393.40 Td (connected ) Tj ET Q q 0 0 0 rg BT 209.22 393.40 Td (party ) Tj ET Q q 0 0 0 rg BT 227.09 393.40 Td (is ) Tj ET Q q 0 0 0 rg BT 233.85 393.40 Td (one ) Tj ET Q q 0 0 0 rg BT 246.82 393.40 Td (in ) Tj ET Q q 0 0 0 rg BT 254.47 393.40 Td (relation ) Tj ET Q q 0 0 0 rg BT 280.33 393.40 Td (to ) Tj ET Q q 0 0 0 rg BT 287.98 393.40 Td (whom ) Tj ET Q q 0 0 0 rg BT 309.41 393.40 Td (we ) Tj ET Q q 0 0 0 rg BT 320.16 393.40 Td (are ) Tj ET Q q 0 0 0 rg BT 331.35 393.40 Td (aware ) Tj ET Q q 0 0 0 rg BT 351.87 393.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.96 393.40 Td (the ) Tj ET Q q 0 0 0 rg BT 371.16 393.40 Td (existence ) Tj ET Q q 0 0 0 rg BT 402.35 393.40 Td (of ) Tj ET Q q 0 0 0 rg BT 410.44 393.40 Td (a ) Tj ET Q q 0 0 0 rg BT 415.41 393.40 Td (family ) Tj ET Q q 0 0 0 rg BT 437.72 393.40 Td (or ) Tj ET Q q 0 0 0 rg BT 445.81 393.40 Td (business ) Tj ET Q q 0 0 0 rg BT 474.35 393.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 510.88 393.40 Td (to ) Tj ET Q q 0 0 0 rg BT 518.52 393.40 Td (a ) Tj ET Q q 0 0 0 rg BT 523.50 393.40 Td (shareholder) Tj ET Q q 0 0 0 rg BT 560.50 393.40 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 383.80 Td (director ) Tj ET Q q 0 0 0 rg BT 77.26 383.80 Td (or ) Tj ET Q q 0 0 0 rg BT 86.81 383.80 Td (of) Tj ET Q q 0 0 0 rg BT 93.33 383.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 107.54 383.80 Td (. ) Tj ET Q q 0 0 0 rg BT 112.22 383.80 Td (W) Tj ET Q q 0 0 0 rg BT 119.13 383.80 Td (e ) Tj ET Q q 0 0 0 rg BT 125.56 383.80 Td (have ) Tj ET Q q 0 0 0 rg BT 143.55 383.80 Td (identified ) Tj ET Q q 0 0 0 rg BT 177.09 383.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 218.19 383.80 Td (with ) Tj ET Q q 0 0 0 rg BT 235.30 383.80 Td (individuals ) Tj ET Q q 0 0 0 rg BT 273.74 383.80 Td (or ) Tj ET Q q 0 0 0 rg BT 283.29 383.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 309.28 383.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 345.04 383.80 Td (with ) Tj ET Q q 0 0 0 rg BT 362.15 383.80 Td (the ) Tj ET Q q 0 0 0 rg BT 374.81 383.80 Td (following ) Tj ET Q q 0 0 0 rg BT 408.80 383.80 Td (individuals ) Tj ET Q q 0 0 0 rg BT 447.24 383.80 Td (or ) Tj ET Q q 0 0 0 rg BT 456.79 383.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 482.79 383.80 Td (as ) Tj ET Q q 0 0 0 rg BT 492.34 383.80 Td (material ) Tj ET Q q 0 0 0 rg BT 521.43 383.80 Td (related ) Tj ET Q q 0 0 0 rg BT 546.08 383.80 Td (party ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 374.20 Td (transactions: ) Tj ET Q q 0 0 0 rg BT 92.09 374.20 Td (T) Tj ET Q q 0 0 0 rg BT 96.70 374.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 110.85 374.20 Td (W) Tj ET Q q 0 0 0 rg BT 117.76 374.20 Td (arner) Tj ET Q q 0 0 0 rg BT 133.87 374.20 Td (, ) Tj ET Q q 0 0 0 rg BT 138.19 374.20 Td (who ) Tj ET Q q 0 0 0 rg BT 154.30 374.20 Td (is ) Tj ET Q q 0 0 0 rg BT 161.96 374.20 Td (represented ) Tj ET Q q 0 0 0 rg BT 201.15 374.20 Td (on ) Tj ET Q q 0 0 0 rg BT 211.48 374.20 Td (our ) Tj ET Q q 0 0 0 rg BT 224.46 374.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 246.34 374.20 Td (of ) Tj ET Q q 0 0 0 rg BT 255.33 374.20 Td (Directors ) Tj ET Q q 0 0 0 rg BT 287.42 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 301.30 374.20 Td (holds ) Tj ET Q q 0 0 0 rg BT 320.96 374.20 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.83 374.20 Td (49.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.50 374.20 Td ( ) Tj ET Q q 0 0 0 rg BT 349.82 374.20 Td (voting ) Tj ET Q q 0 0 0 rg BT 372.59 374.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 398.47 374.20 Td (in ) Tj ET Q q 0 0 0 rg BT 407.01 374.20 Td (CME ) Tj ET Q q 0 0 0 rg BT 426.67 374.20 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 442.11 374.20 Td (as ) Tj ET Q q 0 0 0 rg BT 451.10 374.20 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.20 374.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 506.39 374.20 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.39 374.20 Td (; ) Tj ET Q q 0 0 0 rg BT 526.94 374.20 Td (and ) Tj ET Q q 0 0 0 rg BT 540.30 374.20 Td (Adrian ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 364.60 Td (Sarbu, ) Tj ET Q q 0 0 0 rg BT 71.71 364.60 Td (our ) Tj ET Q q 0 0 0 rg BT 83.93 364.60 Td (former ) Tj ET Q q 0 0 0 rg BT 107.24 364.60 Td (President ) Tj ET Q q 0 0 0 rg BT 138.57 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.67 364.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 170.99 364.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 204.52 364.60 Td (Of) Tj ET Q q 0 0 0 rg BT 212.82 364.60 Td (ficer) Tj ET Q q 0 0 0 rg BT 227.15 364.60 Td (, ) Tj ET Q q 0 0 0 rg BT 230.70 364.60 Td (former ) Tj ET Q q 0 0 0 rg BT 254.02 364.60 Td (member ) Tj ET Q q 0 0 0 rg BT 281.78 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.99 364.60 Td (our ) Tj ET Q q 0 0 0 rg BT 302.21 364.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 323.31 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.52 364.60 Td (Directors ) Tj ET Q q 0 0 0 rg BT 362.84 364.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.94 364.60 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 409.02 364.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 430.56 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.78 364.60 Td (approximately ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.54 364.60 Td (1.8%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.20 364.60 Td ( ) Tj ET Q q 0 0 0 rg BT 504.75 364.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.96 364.60 Td (our ) Tj ET Q q 0 0 0 rg BT 525.18 364.60 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 355.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.49 355.00 Td (of ) Tj ET Q q 0 0 0 rg BT 80.16 355.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 99.05 355.00 Td (A) Tj ET Q q 0 0 0 rg BT 104.39 355.00 Td ( ) Tj ET Q q 0 0 0 rg BT 106.39 355.00 Td (common ) Tj ET Q q 0 0 0 rg BT 136.38 355.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 155.27 355.00 Td (as ) Tj ET Q q 0 0 0 rg BT 163.93 355.00 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.71 355.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 218.57 355.00 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.57 355.00 Td (;) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 339.40 Td (Related ) Tj ET Q q 0 0 0 rg BT 77.71 339.40 Td (Party ) Tj ET Q q 0 0 0 rg BT 98.67 339.40 Td (T) Tj ET Q q 0 0 0 rg BT 103.41 339.40 Td (ransactions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 323.80 Td (T) Tj ET Q q 0 0 0 rg BT 54.69 323.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 68.98 323.80 Td (W) Tj ET Q q 0 0 0 rg BT 76.54 323.80 Td (arner) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 287.30 331.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 287.30 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 287.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 287.30 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 287.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 287.30 58.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 381 300.29999999999995 m 439 300.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439 300.29999999999995 m 443 300.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 300.29999999999995 m 501 300.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501 300.29999999999995 m 505 300.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505 300.29999999999995 m 563 300.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 381 287.29999999999995 m 439 287.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 287.29999999999995 m 501 287.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505 287.29999999999995 m 563 287.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443 287.29999999999995 m 501 287.29999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505 287.29999999999995 m 563 287.29999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.25 304.53 Td (For The Year Ending December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 291.55 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.50 291.53 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.50 291.53 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.90 291.53 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 278.55 Td (Purchases ) Tj ET Q q 0 0 0 rg BT 86.49 278.55 Td (of ) Tj ET Q q 0 0 0 rg BT 95.16 278.55 Td (programming) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 278.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.80 278.55 Td (61,539) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 278.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.80 278.55 Td (42,230) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.50 278.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 278.55 Td (57,196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 265.55 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.80 265.55 Td (119) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.80 265.55 Td (224) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.80 265.55 Td (198) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 235.30 332.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 235.30 88.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 235.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 235.30 88.00 -13.00 re f 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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 553.20 Td (23. ) Tj ET Q q 0 0 0 rg BT 67.50 553.20 Td (QUAR) Tj ET Q q 0 0 0 rg BT 90.77 553.20 Td (TERL) Tj ET Q q 0 0 0 rg BT 111.82 553.20 Td (Y) Tj ET Q q 0 0 0 rg BT 117.30 553.20 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 164.20 553.20 Td ( DA) Tj ET Q q 0 0 0 rg BT 177.16 553.20 Td (T) Tj ET Q q 0 0 0 rg BT 181.90 553.20 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 537.60 Td (Selected quarterly financial data for the years ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.86 537.60 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.73 537.60 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.28 537.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.28 537.60 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 470.10 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 470.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 470.10 4.00 -15.00 re f 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 326.1 m 425.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 324.1 m 425.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 340.1 m 493.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 326.1 m 493.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 324.1 m 493.5 324.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 340.1 m 561.5 340.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 326.1 m 561.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 324.1 m 561.5 324.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.35 516.33 Td (For the Year Ended December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.85 503.33 Td (First Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.30 495.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.85 503.33 Td (Second Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.30 495.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.05 503.33 Td (Third Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.30 495.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.05 503.33 Td (Fourth Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.30 495.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 482.33 Td (Consolidated Statements of Operations and Comprehensive Income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 474.33 Td (Data:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 459.35 Td (Net revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 459.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.30 459.35 Td (137,042) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 459.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.30 459.35 Td (180,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 459.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 459.35 Td (135,838) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 459.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 459.35 Td (237,909) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 444.35 Td (Cost of revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.30 444.35 Td (138,037) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.30 444.35 Td (145,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 444.35 Td (137,386) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 444.35 Td (204,471) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 429.35 Td (Operating loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.60 429.35 Td (\(34,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 429.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.60 429.35 Td (\(5,669) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 429.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 429.35 Td (\(44,967) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 429.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 429.35 Td (\(97,486) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 429.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 414.35 Td (Net loss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 414.35 Td (\(108,962) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 414.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.60 414.35 Td (\(41,088) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 414.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 414.35 Td (\(23,273) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 414.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 414.35 Td (\(108,209) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 414.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 399.35 Td (Net loss attributable to CME Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 399.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 399.35 Td (\(108,280) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 399.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 399.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.60 399.35 Td (\(40,957) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 399.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 399.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 399.35 Td (\(23,091) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 399.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 399.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 399.35 Td (\(105,322) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 399.35 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 374.33 Td (Net loss per share:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 359.35 Td (Basic EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 359.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 359.35 Td (\(1.22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 359.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 359.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 359.35 Td (\(0.34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 359.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 359.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.60 359.35 Td (\(0.16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 359.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 359.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 359.35 Td (\(0.72) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 359.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 344.35 Td (Effect of dilutive securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 344.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 344.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 344.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 344.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 329.35 Td (Diluted EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 329.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 329.35 Td (\(1.22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 329.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 329.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 329.35 Td (\(0.34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.30 329.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 329.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.60 329.35 Td (\(0.16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 329.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 329.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 329.35 Td (\(0.72) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 329.35 Td (\)) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 258.10 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 258.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 258.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 258.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 258.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 258.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 258.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 258.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 228.10 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 228.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 228.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 228.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 228.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 228.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 228.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 228.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 198.10 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 198.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 198.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 198.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 198.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 198.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 198.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 198.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 158.10 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 158.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 158.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 158.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 158.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 158.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 158.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 158.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 128.10 244.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 293.50 128.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 128.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 128.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 128.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 128.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 128.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 128.10 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 300.1 m 357.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 300.1 m 361.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 300.1 m 425.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 300.1 m 429.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 300.1 m 493.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 300.1 m 497.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 300.1 m 561.5 300.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 279.1 m 357.5 279.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 279.1 m 425.5 279.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 279.1 m 493.5 279.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 279.1 m 561.5 279.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 128.10000000000002 m 357.5 128.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 114.10000000000002 m 357.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 112.10000000000002 m 357.5 112.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 128.10000000000002 m 425.5 128.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 114.10000000000002 m 425.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 112.10000000000002 m 425.5 112.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 128.10000000000002 m 493.5 128.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 114.10000000000002 m 493.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 112.10000000000002 m 493.5 112.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 128.10000000000002 m 561.5 128.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 114.10000000000002 m 561.5 114.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 112.10000000000002 m 561.5 112.10000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 360.35 304.33 Td (For the Year Ended December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.85 291.33 Td (First Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 304.30 283.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.85 291.33 Td (Second Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.30 283.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.05 291.33 Td (Third Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.30 283.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.05 291.33 Td (Fourth Quarter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.30 283.33 Td (\(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 270.33 Td (Consolidated Statements of Operations and Comprehensive Income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 262.33 Td (Data:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 247.35 Td (Net revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 247.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.30 247.35 Td (167,433) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 247.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.30 247.35 Td (211,222) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 247.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 247.35 Td (140,092) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 247.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 247.35 Td (253,338) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 232.35 Td (Cost of revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.30 232.35 Td (141,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.30 232.35 Td (151,056) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.30 232.35 Td (130,833) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 232.35 Td (175,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 217.35 Td (Operating \(loss\) / income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.60 217.35 Td (\(10,303) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 217.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.30 217.35 Td (23,650) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 217.35 Td (\(18,401) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 217.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 217.35 Td (\(483,139) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 217.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 202.35 Td (Net \(loss\) / income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.60 202.35 Td (\(13,813) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 202.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.30 202.35 Td (3,141) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 202.35 Td (\(32,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 202.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 202.35 Td (\(503,084) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 202.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 187.35 Td (Net \(loss\) / income attributable to CME Ltd.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 187.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.60 187.35 Td (\(13,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 187.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 187.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.30 187.35 Td (3,956) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 187.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 187.35 Td (\(32,049) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 187.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 187.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 187.35 Td (\(494,195) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 187.35 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 162.33 Td (Net \(loss\) / income per share:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 147.35 Td (Basic EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 147.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 147.35 Td (\(0.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 147.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 147.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 147.35 Td (0.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 147.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.60 147.35 Td (\(0.36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 147.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 147.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 147.35 Td (\(5.59) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 147.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 132.35 Td (Effect of dilutive securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 132.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 132.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.30 132.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 132.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 117.35 Td (Diluted EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 117.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.60 117.35 Td (\(0.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.30 117.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.00 117.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 117.35 Td (0.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.00 117.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.60 117.35 Td (\(0.36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 117.35 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.00 117.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.60 117.35 Td (\(5.59) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 117.35 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.45 754.10 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 230.43 754.10 Td (T) Tj ET Q q 0 0 0 rg BT 235.62 754.10 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 291.70 754.10 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 355.04 754.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 366.24 754.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.42 754.10 Td (TEMENTS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.80 744.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 203.07 744.50 Td (abular) Tj ET Q q 0 0 0 rg BT 225.59 744.50 Td ( amounts in US$ 000) Tj ET Q q 0 0 0 rg BT 298.20 744.50 Td (s, except shar) Tj ET Q q 0 0 0 rg BT 344.05 744.50 Td (e and per) Tj ET Q q 0 0 0 rg BT 375.90 744.50 Td ( shar) Tj ET Q q 0 0 0 rg BT 392.87 744.50 Td (e data\)) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (81) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (24. ) Tj ET Q q 0 0 0 rg BT 68.00 731.60 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 104.74 731.60 Td ( and Non-Guarantor) Tj ET Q q 0 0 0 rg BT 175.27 731.60 Td ( Financial Information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 716.00 Td (In ) Tj ET Q q 0 0 0 rg BT 58.27 716.00 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 97.65 716.00 Td (with ) Tj ET Q q 0 0 0 rg BT 113.49 716.00 Td (the ) Tj ET Q q 0 0 0 rg BT 124.87 716.00 Td (series ) Tj ET Q q 0 0 0 rg BT 144.70 716.00 Td (of ) Tj ET Q q 0 0 0 rg BT 152.97 716.00 Td (related ) Tj ET Q q 0 0 0 rg BT 176.34 716.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 208.16 716.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 247.99 716.00 Td (discussed ) Tj ET Q q 0 0 0 rg BT 280.26 716.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.09 716.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 305.25 716.00 Td (25, ) Tj ET Q q 0 0 0 rg BT 316.86 716.00 Td ("Subsequent ) Tj ET Q q 0 0 0 rg BT 358.63 716.00 Td (Events") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.67 716.00 Td (, ) Tj ET Q q 0 0 0 rg BT 387.28 716.00 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.55 716.00 Td (100%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.21 716.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.83 716.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 442.76 716.00 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 484.15 716.00 Td (Central ) Tj ET Q q 0 0 0 rg BT 509.30 716.00 Td (European ) Tj ET Q q 0 0 0 rg BT 541.57 716.00 Td (Media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 706.40 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 89.00 706.40 Td (N.V) Tj ET Q q 0 0 0 rg BT 101.52 706.40 Td (. ) Tj ET Q q 0 0 0 rg BT 106.54 706.40 Td (\("CME ) Tj ET Q q 0 0 0 rg BT 132.81 706.40 Td (NV"\) ) Tj ET Q q 0 0 0 rg BT 153.31 706.40 Td (and ) Tj ET Q q 0 0 0 rg BT 167.87 706.40 Td (CME ) Tj ET Q q 0 0 0 rg BT 188.22 706.40 Td (Media ) Tj ET Q q 0 0 0 rg BT 211.67 706.40 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 250.67 706.40 Td (B.V) Tj ET Q q 0 0 0 rg BT 262.75 706.40 Td (. ) Tj ET Q q 0 0 0 rg BT 267.76 706.40 Td (\("CME ) Tj ET Q q 0 0 0 rg BT 294.04 706.40 Td (BV" ) Tj ET Q q 0 0 0 rg BT 311.43 706.40 Td (and ) Tj ET Q q 0 0 0 rg BT 325.99 706.40 Td (with ) Tj ET Q q 0 0 0 rg BT 343.23 706.40 Td (CME ) Tj ET Q q 0 0 0 rg BT 363.57 706.40 Td (NV) Tj ET Q q 0 0 0 rg BT 374.10 706.40 Td (, ) Tj ET Q q 0 0 0 rg BT 379.11 706.40 Td (the ) Tj ET Q q 0 0 0 rg BT 391.89 706.40 Td ("Guarantor ) Tj ET Q q 0 0 0 rg BT 430.60 706.40 Td (Subsidiaries"\), ) Tj ET Q q 0 0 0 rg BT 480.65 706.40 Td (have ) Tj ET Q q 0 0 0 rg BT 498.77 706.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 523.09 706.40 Td (to ) Tj ET Q q 0 0 0 rg BT 532.33 706.40 Td (fully ) Tj ET Q q 0 0 0 rg BT 550.45 706.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 696.80 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 102.23 696.80 Td (guarantee, ) Tj ET Q q 0 0 0 rg BT 137.34 696.80 Td (jointly ) Tj ET Q q 0 0 0 rg BT 160.25 696.80 Td (and ) Tj ET Q q 0 0 0 rg BT 173.82 696.80 Td (severally) Tj ET Q q 0 0 0 rg BT 202.18 696.80 Td (, ) Tj ET Q q 0 0 0 rg BT 206.19 696.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.87 696.80 Td (to ) Tj ET Q q 0 0 0 rg BT 239.11 696.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 262.89 696.80 Td (limits ) Tj ET Q q 0 0 0 rg BT 283.14 696.80 Td (imposed ) Tj ET Q q 0 0 0 rg BT 312.27 696.80 Td (by ) Tj ET Q q 0 0 0 rg BT 322.29 696.80 Td (local ) Tj ET Q q 0 0 0 rg BT 339.85 696.80 Td (law ) Tj ET Q q 0 0 0 rg BT 353.42 696.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 367.88 696.80 Td (Guarantees\), ) Tj ET Q q 0 0 0 rg BT 417.64 696.80 Td (on ) Tj ET Q q 0 0 0 rg BT 427.66 696.80 Td (a ) Tj ET Q q 0 0 0 rg BT 433.23 696.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 454.80 696.80 Td (basis ) Tj ET Q q 0 0 0 rg BT 472.82 696.80 Td (the ) Tj ET Q q 0 0 0 rg BT 484.61 696.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 502.63 696.80 Td (PIK ) Tj ET Q q 0 0 0 rg BT 517.54 696.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 538.22 696.80 Td (that ) Tj ET Q q 0 0 0 rg BT 552.23 696.80 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 687.20 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 95.89 687.20 Td (to ) Tj ET Q q 0 0 0 rg BT 104.90 687.20 Td (be ) Tj ET Q q 0 0 0 rg BT 115.25 687.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 138.04 687.20 Td (in ) Tj ET Q q 0 0 0 rg BT 147.06 687.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 184.95 687.20 Td (with ) Tj ET Q q 0 0 0 rg BT 201.97 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 214.54 687.20 Td (Rights ) Tj ET Q q 0 0 0 rg BT 238.22 687.20 Td (Of) Tj ET Q q 0 0 0 rg BT 246.52 687.20 Td (fering. ) Tj ET Q q 0 0 0 rg BT 270.42 687.20 Td (Upon ) Tj ET Q q 0 0 0 rg BT 290.99 687.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 316.89 687.20 Td (of ) Tj ET Q q 0 0 0 rg BT 326.35 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 338.92 687.20 Td (Rights ) Tj ET Q q 0 0 0 rg BT 362.60 687.20 Td (Of) Tj ET Q q 0 0 0 rg BT 370.90 687.20 Td (fering ) Tj ET Q q 0 0 0 rg BT 392.80 687.20 Td (and ) Tj ET Q q 0 0 0 rg BT 407.14 687.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 437.04 687.20 Td (of ) Tj ET Q q 0 0 0 rg BT 446.50 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 459.06 687.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 477.86 687.20 Td (PIK ) Tj ET Q q 0 0 0 rg BT 493.54 687.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 517.00 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 529.57 687.20 Td (Guarantor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 677.60 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 91.08 677.60 Td (will ) Tj ET Q q 0 0 0 rg BT 105.49 677.60 Td (be ) Tj ET Q q 0 0 0 rg BT 115.00 677.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 139.63 677.60 Td (to ) Tj ET Q q 0 0 0 rg BT 147.82 677.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.56 677.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 203.28 677.60 Td (of ) Tj ET Q q 0 0 0 rg BT 211.91 677.60 Td (Rule ) Tj ET Q q 0 0 0 rg BT 228.99 677.60 Td (3-10 ) Tj ET Q q 0 0 0 rg BT 245.62 677.60 Td (of ) Tj ET Q q 0 0 0 rg BT 254.25 677.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 291.32 677.60 Td (S-X ) Tj ET Q q 0 0 0 rg BT 306.18 677.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 338.79 677.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 368.75 677.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 404.48 677.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.11 677.60 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 448.84 677.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.36 677.60 Td (issuers ) Tj ET Q q 0 0 0 rg BT 486.10 677.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.73 677.60 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 531.79 677.60 Td (securities ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 668.00 Td (registered ) Tj ET Q q 0 0 0 rg BT 83.33 668.00 Td (or ) Tj ET Q q 0 0 0 rg BT 91.78 668.00 Td (being ) Tj ET Q q 0 0 0 rg BT 111.33 668.00 Td (registered ) Tj ET Q q 0 0 0 rg BT 144.66 668.00 Td (with ) Tj ET Q q 0 0 0 rg BT 160.67 668.00 Td (the ) Tj ET Q q 0 0 0 rg BT 172.23 668.00 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 190.69 668.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 204.91 668.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 239.13 668.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 278.69 668.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 292.92 668.00 Td (Non-Guarantor ) Tj ET Q q 0 0 0 rg BT 347.13 668.00 Td (Subsidiaries\) ) Tj ET Q q 0 0 0 rg BT 394.24 668.00 Td (are ) Tj ET Q q 0 0 0 rg BT 405.79 668.00 Td (presented ) Tj ET Q q 0 0 0 rg BT 438.23 668.00 Td (separately ) Tj ET Q q 0 0 0 rg BT 472.44 668.00 Td (from ) Tj ET Q q 0 0 0 rg BT 489.77 668.00 Td (CME ) Tj ET Q q 0 0 0 rg BT 508.90 668.00 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 523.79 668.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 538.02 668.00 Td (Parent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 658.40 Td (Issuer\) ) Tj ET Q q 0 0 0 rg BT 77.32 658.40 Td (and ) Tj ET Q q 0 0 0 rg BT 90.87 658.40 Td (the ) Tj ET Q q 0 0 0 rg BT 102.64 658.40 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 137.07 658.40 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 178.18 658.40 Td (in ) Tj ET Q q 0 0 0 rg BT 186.41 658.40 Td (the ) Tj ET Q q 0 0 0 rg BT 198.18 658.40 Td (condensed ) Tj ET Q q 0 0 0 rg BT 233.95 658.40 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 279.05 658.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.04 658.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 344.80 658.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 377.46 658.40 Td (below) Tj ET Q q 0 0 0 rg BT 396.49 658.40 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 642.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.72 642.80 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 102.99 642.80 Td (will ) Tj ET Q q 0 0 0 rg BT 117.72 642.80 Td (be ) Tj ET Q q 0 0 0 rg BT 127.56 642.80 Td (senior ) Tj ET Q q 0 0 0 rg BT 149.40 642.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 187.24 642.80 Td (of ) Tj ET Q q 0 0 0 rg BT 196.19 642.80 Td (the ) Tj ET Q q 0 0 0 rg BT 208.25 642.80 Td (Guarantors ) Tj ET Q q 0 0 0 rg BT 246.08 642.80 Td (and ) Tj ET Q q 0 0 0 rg BT 259.92 642.80 Td (will ) Tj ET Q q 0 0 0 rg BT 274.65 642.80 Td (rank ) Tj ET Q q 0 0 0 rg BT 291.16 642.80 Td (equal ) Tj ET Q q 0 0 0 rg BT 310.77 642.80 Td (in ) Tj ET Q q 0 0 0 rg BT 319.28 642.80 Td (right ) Tj ET Q q 0 0 0 rg BT 336.67 642.80 Td (of ) Tj ET Q q 0 0 0 rg BT 345.63 642.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 375.46 642.80 Td (with ) Tj ET Q q 0 0 0 rg BT 391.97 642.80 Td (all ) Tj ET Q q 0 0 0 rg BT 402.25 642.80 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 642.80 Td (the ) Tj ET Q q 0 0 0 rg BT 423.26 642.80 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 457.98 642.80 Td (Subsidiaries) Tj ET Q q 0 0 0 rg BT 499.16 642.80 Td ( ) Tj ET Q q 0 0 0 rg BT 501.45 642.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 529.07 642.80 Td (and ) Tj ET Q q 0 0 0 rg BT 542.90 642.80 Td (future ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 633.20 Td (senior ) Tj ET Q q 0 0 0 rg BT 72.12 633.20 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 118.02 633.20 Td (including ) Tj ET Q q 0 0 0 rg BT 150.81 633.20 Td (in ) Tj ET Q q 0 0 0 rg BT 159.61 633.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 184.83 633.20 Td (of ) Tj ET Q q 0 0 0 rg BT 194.07 633.20 Td (their ) Tj ET Q q 0 0 0 rg BT 211.31 633.20 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 248.08 633.20 Td (of ) Tj ET Q q 0 0 0 rg BT 257.32 633.20 Td (the ) Tj ET Q q 0 0 0 rg BT 269.67 633.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 288.24 633.20 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 328.58 633.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 351.82 633.20 Td (the ) Tj ET Q q 0 0 0 rg BT 363.98 633.20 Td (T) Tj ET Q q 0 0 0 rg BT 368.59 633.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 382.97 633.20 Td (W) Tj ET Q q 0 0 0 rg BT 389.88 633.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 408.70 633.20 Td (T) Tj ET Q q 0 0 0 rg BT 413.02 633.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 428.03 633.20 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 449.05 633.20 Td (the ) Tj ET Q q 0 0 0 rg BT 461.21 633.20 Td (T) Tj ET Q q 0 0 0 rg BT 465.81 633.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 480.19 633.20 Td (W) Tj ET Q q 0 0 0 rg BT 487.10 633.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 506.11 633.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 542.01 633.20 Td (Credit ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 623.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 76.74 623.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.58 623.60 Td (the ) Tj ET Q q 0 0 0 rg BT 102.65 623.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 120.95 623.60 Td (PIK ) Tj ET Q q 0 0 0 rg BT 136.13 623.60 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 159.09 623.60 Td (In ) Tj ET Q q 0 0 0 rg BT 168.05 623.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 198.56 623.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.63 623.60 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 248.91 623.60 Td (will ) Tj ET Q q 0 0 0 rg BT 263.65 623.60 Td (rank ) Tj ET Q q 0 0 0 rg BT 280.16 623.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 302.00 623.60 Td (in ) Tj ET Q q 0 0 0 rg BT 310.52 623.60 Td (right ) Tj ET Q q 0 0 0 rg BT 327.92 623.60 Td (of ) Tj ET Q q 0 0 0 rg BT 336.88 623.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 366.72 623.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.24 623.60 Td (any ) Tj ET Q q 0 0 0 rg BT 389.09 623.60 Td (other ) Tj ET Q q 0 0 0 rg BT 407.82 623.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 435.45 623.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.29 623.60 Td (future ) Tj ET Q q 0 0 0 rg BT 470.69 623.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 508.54 623.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.50 623.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.57 623.60 Td (Guarantor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 614.00 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 91.05 614.00 Td (expressly ) Tj ET Q q 0 0 0 rg BT 123.21 614.00 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 166.48 614.00 Td (in ) Tj ET Q q 0 0 0 rg BT 174.64 614.00 Td (right ) Tj ET Q q 0 0 0 rg BT 191.69 614.00 Td (of ) Tj ET Q q 0 0 0 rg BT 200.30 614.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 229.79 614.00 Td (to ) Tj ET Q q 0 0 0 rg BT 237.95 614.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.67 614.00 Td (Guarantees. ) Tj ET Q q 0 0 0 rg BT 289.45 614.00 Td (The ) Tj ET Q q 0 0 0 rg BT 303.83 614.00 Td (Guarantees ) Tj ET Q q 0 0 0 rg BT 341.75 614.00 Td (will ) Tj ET Q q 0 0 0 rg BT 356.14 614.00 Td (ef) Tj ET Q q 0 0 0 rg BT 362.21 614.00 Td (fectively ) Tj ET Q q 0 0 0 rg BT 392.14 614.00 Td (rank ) Tj ET Q q 0 0 0 rg BT 408.30 614.00 Td (junior ) Tj ET Q q 0 0 0 rg BT 429.35 614.00 Td (to ) Tj ET Q q 0 0 0 rg BT 437.51 614.00 Td (all ) Tj ET Q q 0 0 0 rg BT 447.45 614.00 Td (of ) Tj ET Q q 0 0 0 rg BT 456.06 614.00 Td (the ) Tj ET Q q 0 0 0 rg BT 467.77 614.00 Td (future ) Tj ET Q q 0 0 0 rg BT 488.82 614.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 532.08 614.00 Td (and ) Tj ET Q q 0 0 0 rg BT 545.58 614.00 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 604.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 81.77 604.40 Td (of ) Tj ET Q q 0 0 0 rg BT 90.44 604.40 Td (our ) Tj ET Q q 0 0 0 rg BT 103.10 604.40 Td (Non-Guarantor ) Tj ET Q q 0 0 0 rg BT 153.97 604.40 Td (Subsidiaries, ) Tj ET Q q 0 0 0 rg BT 197.08 604.40 Td (including ) Tj ET Q q 0 0 0 rg BT 229.30 604.40 Td (with ) Tj ET Q q 0 0 0 rg BT 245.52 604.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 270.18 604.40 Td (to ) Tj ET Q q 0 0 0 rg BT 278.40 604.40 Td (their ) Tj ET Q q 0 0 0 rg BT 295.06 604.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 332.61 604.40 Td (in ) Tj ET Q q 0 0 0 rg BT 340.84 604.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 365.49 604.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.15 604.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.93 604.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 403.93 604.40 Td (PIK ) Tj ET Q q 0 0 0 rg BT 418.82 604.40 Td (Notes.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 588.80 Td (CME ) Tj ET Q q 0 0 0 rg BT 69.11 588.80 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 83.99 588.80 Td (and ) Tj ET Q q 0 0 0 rg BT 97.32 588.80 Td (the ) Tj ET Q q 0 0 0 rg BT 108.87 588.80 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 143.07 588.80 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 183.96 588.80 Td (are ) Tj ET Q q 0 0 0 rg BT 195.50 588.80 Td (holding ) Tj ET Q q 0 0 0 rg BT 221.71 588.80 Td (companies ) Tj ET Q q 0 0 0 rg BT 257.70 588.80 Td (with ) Tj ET Q q 0 0 0 rg BT 273.70 588.80 Td (no ) Tj ET Q q 0 0 0 rg BT 283.47 588.80 Td (revenue-generating ) Tj ET Q q 0 0 0 rg BT 346.99 588.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 382.09 588.80 Td (and ) Tj ET Q q 0 0 0 rg BT 395.41 588.80 Td (rely ) Tj ET Q q 0 0 0 rg BT 409.62 588.80 Td (on ) Tj ET Q q 0 0 0 rg BT 419.40 588.80 Td (the ) Tj ET Q q 0 0 0 rg BT 430.95 588.80 Td (repayment ) Tj ET Q q 0 0 0 rg BT 466.48 588.80 Td (of ) Tj ET Q q 0 0 0 rg BT 474.92 588.80 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 520.68 588.80 Td (indebtedness ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 579.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.76 579.20 Td (the ) Tj ET Q q 0 0 0 rg BT 75.75 579.20 Td (declaration ) Tj ET Q q 0 0 0 rg BT 113.50 579.20 Td (of ) Tj ET Q q 0 0 0 rg BT 122.38 579.20 Td (dividends ) Tj ET Q q 0 0 0 rg BT 155.70 579.20 Td (to ) Tj ET Q q 0 0 0 rg BT 164.13 579.20 Td (receive ) Tj ET Q q 0 0 0 rg BT 189.44 579.20 Td (distributions ) Tj ET Q q 0 0 0 rg BT 231.65 579.20 Td (of ) Tj ET Q q 0 0 0 rg BT 240.53 579.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 256.96 579.20 Td (from ) Tj ET Q q 0 0 0 rg BT 274.72 579.20 Td (our ) Tj ET Q q 0 0 0 rg BT 287.60 579.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.02 579.20 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 360.01 579.20 Td (and ) Tj ET Q q 0 0 0 rg BT 373.77 579.20 Td (af) Tj ET Q q 0 0 0 rg BT 379.84 579.20 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 405.66 579.20 Td (There ) Tj ET Q q 0 0 0 rg BT 426.53 579.20 Td (are ) Tj ET Q q 0 0 0 rg BT 438.51 579.20 Td (no ) Tj ET Q q 0 0 0 rg BT 448.72 579.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 484.70 579.20 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 522.46 579.20 Td (on ) Tj ET Q q 0 0 0 rg BT 532.68 579.20 Td (the ) Tj ET Q q 0 0 0 rg BT 544.66 579.20 Td (CME ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 569.60 Td (Ltd.'s ) Tj ET Q q 0 0 0 rg BT 69.66 569.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 92.11 569.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.33 569.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 122.32 569.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 142.10 569.60 Td (from ) Tj ET Q q 0 0 0 rg BT 159.65 569.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.43 569.60 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 205.86 569.60 Td (Subsidiaries.) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (82) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The following tables present condensed consolidating financial information relating to the Guarantor Subsidiaries as at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.34 743.50 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.21 743.50 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.76 743.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.76 743.50 Td (, and for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (the years ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 101.75 733.90 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.62 733.90 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 168.62 733.90 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.62 733.90 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.17 733.90 Td (201) Tj ET Q q 0 0 0 rg BT 211.88 733.90 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.88 733.90 Td (:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 715.50 Td (Condensed Consolidating Balance Sheets as at December) Tj ET Q q 0 0 0 rg BT 244.52 715.50 Td ( 31, 2013) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 655.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 655.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 655.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 655.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 655.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 655.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 655.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 655.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 655.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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603.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 603.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 603.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 603.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 603.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 603.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 603.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 603.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 577.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 577.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 577.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 577.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 577.40 57.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 551.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 525.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 525.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 525.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 525.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 525.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 525.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 525.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 525.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 525.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 499.40 57.00 -13.00 re f /GS0 gs 0.8 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[] 0 d 0 J 0 j 3 M 256.5 448.4 m 313.5 448.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 446.4 m 313.5 446.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 460.4 m 374.5 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 448.4 m 374.5 448.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 446.4 m 374.5 446.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 460.4 m 435.5 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 448.4 m 435.5 448.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 446.4 m 435.5 446.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 460.4 m 496.5 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 448.4 m 496.5 448.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 446.4 m 496.5 446.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 460.4 m 557.5 460.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 448.4 m 557.5 448.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 446.4 m 557.5 446.4 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.25 685.63 Td (Parent Issuer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 693.63 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.20 685.63 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.10 701.48 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.25 693.48 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.20 685.48 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.40 685.63 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.10 685.63 Td (Consolidated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 672.63 Td (ASSETS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.00 672.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 672.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 659.63 Td (Current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 646.65 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.00 646.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.65 646.65 Td (19,461) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 646.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.65 646.65 Td (5,422) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 646.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.65 646.65 Td (80,113) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.00 646.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 646.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 646.65 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 646.65 Td (104,996) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 633.65 Td (Accounts receivable, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 633.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 633.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 633.65 Td (184,577) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 633.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 633.65 Td (184,577) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 620.65 Td (Program rights, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 620.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 620.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 620.65 Td (109,238) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 620.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 620.65 Td (109,238) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 607.65 Td (Other current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.65 607.65 Td (2,638) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 607.65 Td (31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.65 607.65 Td (49,577) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 607.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 607.65 Td (52,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 594.65 Td (Intercompany current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.65 594.65 Td (53,396) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.65 594.65 Td (2,052) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.65 594.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.95 594.65 Td (\(55,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.65 594.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 594.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 581.63 Td (Total current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.65 581.63 Td (75,495) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.65 581.63 Td (7,505) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.65 581.63 Td (423,505) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.95 581.63 Td (\(55,448) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.65 581.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 581.63 Td (451,057) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 568.63 Td (Non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 555.65 Td (Investments in subsidiaries) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 555.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.65 555.65 Td (479,435) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.65 555.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.95 555.65 Td (\(479,435) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.65 555.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 555.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 542.65 Td (Property, plant and equipment, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 542.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 542.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 542.65 Td (198,595) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 542.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 542.65 Td (198,595) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 529.65 Td (Program rights, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 529.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 529.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 529.65 Td (289,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 529.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 529.65 Td (289,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 516.65 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 516.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 516.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 516.65 Td (782,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 516.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 516.65 Td (782,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 503.65 Td (Broadcast licenses and other intangible assets, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 503.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 503.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.65 503.65 Td (225,795) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 503.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 503.65 Td (225,795) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 490.65 Td (Other non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.65 490.65 Td (3,976) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.65 490.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.65 490.65 Td (9,879) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.65 490.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 490.65 Td (13,855) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 477.65 Td (Intercompany non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.65 477.65 Td (1,822,966) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.65 477.65 Td (315,017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.65 477.65 Td (18,887) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.95 477.65 Td (\(2,156,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.65 477.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 477.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 464.63 Td (Total non-current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.65 464.63 Td (1,826,942) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.65 464.63 Td (794,452) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.65 464.63 Td (1,525,727) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.95 464.63 Td (\(2,636,305) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.65 464.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.25 464.63 Td (1,510,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 451.63 Td (Total assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 259.00 451.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.65 451.63 Td (1,902,437) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.00 451.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.65 451.63 Td (801,957) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.00 451.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.65 451.63 Td (1,949,232) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.00 451.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.95 451.63 Td (\(2,691,753) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.65 451.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 451.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.25 451.63 Td (1,961,873) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 411.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 411.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 411.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 411.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 411.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 411.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 411.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 411.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 411.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 377.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 377.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 377.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 377.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 377.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 377.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 377.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 377.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 377.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 377.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 351.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 351.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 351.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 351.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 351.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 351.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 351.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 351.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 351.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 325.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 325.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 325.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 325.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 325.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 325.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 325.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 325.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 325.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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313.50 273.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 273.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 273.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 273.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 273.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 273.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 273.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 273.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.40 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 247.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 247.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 247.40 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 247.40 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 247.40 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381.65 Td (2,352) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 381.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 381.65 Td (2,423) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 368.65 Td (Other current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.30 368.65 Td (500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 368.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.30 368.65 Td (16,681) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 368.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 368.65 Td (17,181) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 355.65 Td (Intercompany current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.30 355.65 Td (7,788) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 355.65 Td (45,988) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 355.65 Td (1,672) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.60 355.65 Td (\(55,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 355.65 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 355.65 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 342.63 Td (Total current liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.30 342.63 Td (26,522) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.30 342.63 Td (46,100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.25 342.63 Td (298,836) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.60 342.63 Td (\(55,448) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.30 342.63 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 342.63 Td (316,010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 329.63 Td (Non-current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 329.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 329.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 317.35 Td (Deficiency in excess of investments in subsidiaries ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.25 316.65 Td (296,351) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 316.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.30 316.65 Td () 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0.9333333333333333 1 rg /GS0 gs 378.50 524.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 524.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 524.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 524.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 524.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.50 206.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 498.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 498.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 498.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 498.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 498.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 498.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 498.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 498.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 498.50 57.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 706.5 m 313.5 706.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 706.5 m 374.5 706.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 706.5 m 435.5 706.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 706.5 m 496.5 706.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 706.5 m 557.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 615.5 m 313.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 615.5 m 374.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 615.5 m 435.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 615.5 m 496.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 615.5 m 557.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 615.5 m 313.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 615.5 m 374.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 615.5 m 435.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 615.5 m 496.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 615.5 m 557.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 498.5 m 313.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 498.5 m 374.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 498.5 m 435.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 498.5 m 496.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 498.5 m 557.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 485.5 m 313.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 473.5 m 313.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 471.5 m 313.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 485.5 m 374.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 473.5 m 374.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 471.5 m 374.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 485.5 m 435.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 473.5 m 435.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 471.5 m 435.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 485.5 m 496.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 473.5 m 496.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 471.5 m 496.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 485.5 m 557.5 485.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 473.5 m 557.5 473.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 471.5 m 557.5 471.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.25 710.73 Td (Parent Issuer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 718.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.20 710.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 415.10 726.58 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.25 718.58 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.20 710.58 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.40 710.73 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.10 710.73 Td (Consolidated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 697.73 Td (ASSETS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.00 697.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 697.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 684.73 Td (Current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 671.75 Td (Cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.00 671.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.30 671.75 Td (9,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 671.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.30 671.75 Td (2,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 671.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 671.75 Td (128,185) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.00 671.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 671.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 671.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 671.75 Td (140,393) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 658.75 Td (Accounts receivable, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 658.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 658.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 658.75 Td (184,494) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 658.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 658.75 Td (184,494) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 645.75 Td (Program rights, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 645.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 645.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 645.75 Td (120,023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 645.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 645.75 Td (120,023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 632.75 Td (Other current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.30 632.75 Td (24,644) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 632.75 Td (30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.30 632.75 Td (48,967) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 632.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 632.75 Td (73,641) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 619.75 Td (Intercompany current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.30 619.75 Td (17,581) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.30 619.75 Td (1,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 619.75 Td (5,183) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.60 619.75 Td (\(23,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 619.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 619.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 606.73 Td (Total current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.30 606.73 Td (51,597) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.30 606.73 Td (3,971) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.25 606.73 Td (486,852) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.60 606.73 Td (\(23,869) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.30 606.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 606.73 Td (518,551) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 593.73 Td (Non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.00 593.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.00 593.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 580.75 Td (Investments in subsidiaries) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 580.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.25 580.75 Td (977,014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.30 580.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.60 580.75 Td (\(977,014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 580.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 580.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 567.75 Td (Property, plant and equipment, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 567.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 567.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 567.75 Td (206,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 567.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 567.75 Td (206,706) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 554.75 Td (Program rights, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 554.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 554.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 554.75 Td (303,708) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 554.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 554.75 Td (303,708) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 541.75 Td (Goodwill) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 541.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 541.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 541.75 Td (836,538) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 541.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 541.75 Td (836,538) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 528.75 Td (Broadcast licenses and other intangible assets, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 528.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 528.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 528.75 Td (284,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 528.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 528.75 Td (284,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 515.75 Td (Other non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.30 515.75 Td (9,528) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 515.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.30 515.75 Td (14,743) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 515.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 515.75 Td (24,271) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 502.75 Td (Intercompany non-current assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.25 502.75 Td (1,702,621) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 502.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.30 502.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.60 502.75 Td (\(1,702,621) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 502.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 502.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 489.73 Td (Total non-current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.25 489.73 Td (1,712,149) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.25 489.73 Td (977,014) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 489.73 Td (1,646,636) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.60 489.73 Td (\(2,679,635) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.30 489.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.25 489.73 Td (1,656,164) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 476.73 Td (Total assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 259.00 476.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.25 476.73 Td (1,763,746) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 320.00 476.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.25 476.73 Td (980,985) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.00 476.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 476.73 Td (2,133,488) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.00 476.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.60 476.73 Td (\(2,703,504) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.30 476.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.00 476.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.25 476.73 Td (2,174,715) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.50 206.00 -13.00 re f /GS0 gs 0.8 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8.00 Tf ET q 0 0 0 rg BT 532.30 393.75 Td (13,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 380.75 Td (Intercompany current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.30 380.75 Td (1,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.30 380.75 Td (22,489) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 380.75 Td (134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.60 380.75 Td (\(23,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 380.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 380.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 367.73 Td (Total current liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.30 367.73 Td (49,429) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.30 367.73 Td (22,544) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.25 367.73 Td (243,260) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.60 367.73 Td (\(23,869) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.30 367.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.25 367.73 Td 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 328.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.25 328.75 Td (1,198,873) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 315.75 Td (Other non-current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 315.75 Td (76) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.30 315.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.30 315.75 Td (53,135) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.30 315.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 315.75 Td (53,211) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 302.75 Td (Intercompany non-current liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 302.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 339.25 302.75 Td (1,393,395) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.25 302.75 Td (309,226) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.60 302.75 Td (\(1,702,621) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.30 302.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 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BT 302.00 33.00 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 740.60 Td (Condensed Consolidating Statements of Operations and Compr) Tj ET Q q 0 0 0 rg BT 267.21 740.60 Td (ehensive Income for) Tj ET Q q 0 0 0 rg BT 335.50 740.60 Td ( the year) Tj ET Q q 0 0 0 rg BT 365.12 740.60 Td ( ended December) Tj ET Q q 0 0 0 rg BT 424.07 740.60 Td ( 31, 2013) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 705.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 705.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 705.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 705.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 705.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 705.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 705.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 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653.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 653.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 653.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 653.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 653.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 653.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 653.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 653.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 653.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 627.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 627.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 627.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 627.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 627.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 627.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 627.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 627.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 627.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 601.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 601.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 601.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 601.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 601.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 601.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 601.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 601.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 601.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 575.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 575.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 575.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 575.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 575.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 575.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 575.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 575.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 575.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 549.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 549.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 549.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 549.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 549.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 549.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 549.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 549.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 549.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 523.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 523.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 523.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 523.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 523.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 523.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 523.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 523.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 523.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 497.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 497.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 497.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 497.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 497.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 497.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 497.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 497.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 497.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 471.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 471.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 471.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 471.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 471.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 471.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 471.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 471.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 471.50 57.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 705.5 m 562.5 705.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 705.5 m 318.5 705.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 705.5 m 379.5 705.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 705.5 m 440.5 705.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 705.5 m 501.5 705.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 705.5 m 562.5 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 640.5 m 318.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 640.5 m 379.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 640.5 m 440.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 640.5 m 501.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 640.5 m 562.5 640.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 510.5 m 318.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 510.5 m 379.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 510.5 m 440.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 510.5 m 501.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 510.5 m 562.5 510.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 484.5 m 318.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 484.5 m 379.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 484.5 m 440.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 484.5 m 501.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 484.5 m 562.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 471.5 m 318.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 459.5 m 318.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 457.5 m 318.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 471.5 m 379.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 459.5 m 379.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 457.5 m 379.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 471.5 m 440.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 459.5 m 440.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 457.5 m 440.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 471.5 m 501.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 459.5 m 501.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 457.5 m 501.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 471.5 m 562.5 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 459.5 m 562.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 457.5 m 562.5 457.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 269.25 709.73 Td (Parent Issuer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.25 717.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.20 709.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.10 725.73 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 717.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.20 709.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.40 709.73 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.10 709.73 Td (Consolidated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 696.73 Td (Net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.30 696.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 696.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.25 696.73 Td (691,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 696.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.25 696.73 Td (691,034) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 683.73 Td (Cost of revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.30 683.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.30 683.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.25 683.73 Td (625,659) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 683.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.25 683.73 Td (625,659) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 670.75 Td (Selling, general and administrative expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.30 670.75 Td (33,905) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.30 670.75 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.25 670.75 Td (116,310) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 670.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 670.75 Td (150,220) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 657.75 Td (Restructuring costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.30 657.75 Td (2,422) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.30 657.75 Td (24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 657.75 Td (16,154) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 657.75 Td (18,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 644.75 Td (Impairment charge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.30 644.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.30 644.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 644.75 Td (79,676) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 644.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 644.75 Td (79,676) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 631.73 Td (Operating loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.60 631.73 Td (\(36,327) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.60 631.73 Td (\(29) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.60 631.73 Td (\(146,765) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.30 631.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 631.73 Td (\(183,121) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 631.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 618.75 Td (Interest income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.25 618.75 Td (137,545) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.30 618.75 Td (6,519) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.30 618.75 Td (6,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.60 618.75 Td (\(150,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.30 618.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 618.75 Td (504) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 605.75 Td (Interest expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.60 605.75 Td (\(88,102) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.30 605.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.60 605.75 Td (\(124,100) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.30 605.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.60 605.75 Td (\(50,097) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 605.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 605.75 Td (150,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.60 605.75 Td (\(111,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 605.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 592.75 Td (Loss on extinguishment of debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.60 592.75 Td (\(23,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.30 592.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.30 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.30 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.30 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.60 592.75 Td (\(23,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 592.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 579.75 Td (Foreign currency exchange gain, net) Tj ET Q BT /F2 8.00 Tf 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 653.5 m 562.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 549.5 m 318.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 549.5 m 379.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 549.5 m 440.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 549.5 m 501.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 549.5 m 562.5 549.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 523.5 m 318.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 523.5 m 379.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 523.5 m 440.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 523.5 m 501.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 523.5 m 562.5 523.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 497.5 m 318.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 497.5 m 379.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 497.5 m 440.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 497.5 m 501.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 497.5 m 562.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 484.5 m 318.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 472.5 m 318.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 470.5 m 318.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 484.5 m 379.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 472.5 m 379.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 470.5 m 379.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 484.5 m 440.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 472.5 m 440.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 470.5 m 440.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 484.5 m 501.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 472.5 m 501.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 470.5 m 501.5 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 484.5 m 562.5 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 472.5 m 562.5 472.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 470.5 m 562.5 470.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 269.25 709.73 Td (Parent Issuer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.25 717.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.20 709.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.10 725.73 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.25 717.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.20 709.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.40 709.73 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.10 709.73 Td (Consolidated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 696.73 Td (Net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.65 696.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.65 696.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.65 696.73 Td (772,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 696.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.00 696.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.25 696.73 Td (772,085) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 683.73 Td (Cost of revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.65 683.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.65 683.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.65 683.73 Td (598,416) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 683.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.25 683.73 Td (598,416) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 670.75 Td (Selling, general and administrative expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.65 670.75 Td (19,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.65 670.75 Td (1,408) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.65 670.75 Td (117,965) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 670.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 670.75 Td (139,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 657.75 Td (Impairment charge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.65 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.65 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.65 657.75 Td (522,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 657.75 Td (522,490) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 644.73 Td (Operating loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.95 644.73 Td (\(19,999) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 644.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.95 644.73 Td (\(1,408) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.65 644.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.95 644.73 Td (\(466,786) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.65 644.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.65 644.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 644.73 Td (\(488,193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 644.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 631.75 Td (Interest income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.65 631.75 Td (144,057) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.65 631.75 Td (851) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.65 631.75 Td (615) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.95 631.75 Td (\(144,744) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.65 631.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 631.75 Td (779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 618.75 Td (Interest expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.95 618.75 Td (\(96,582) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.65 618.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.95 618.75 Td (\(118,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.65 618.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.95 618.75 Td (\(57,402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.65 618.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.65 618.75 Td (144,744) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.60 618.75 Td (\(127,770) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 618.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 605.75 Td (Loss on extinguishment of debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 605.75 Td (\(198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.65 605.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.65 605.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.65 605.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 605.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.60 605.75 Td (\(198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.30 605.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 592.75 Td (Foreign currency exchange gain / \(loss\), net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.65 592.75 Td (8,170) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.95 592.75 Td (\(7,402) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.65 592.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.65 592.75 Td (4,154) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 592.75 Td (4,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 579.75 Td (Change in fair value of derivatives) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.65 579.75 Td (48,453) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.65 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.65 579.75 Td (574) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 579.75 Td (49,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 566.75 Td (Loss on investment in subsidiaries) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.95 566.75 Td (\(591,026) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.65 566.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.95 566.75 Td (\(455,512) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.65 566.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.65 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.65 566.75 Td (1,046,538) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 553.75 Td (Other income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.65 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.65 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.65 553.75 Td (901) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 553.75 Td (901) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 540.73 Td (Loss before tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.95 540.73 Td (\(507,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 540.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.95 540.73 Td (\(582,001) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.65 540.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.95 540.73 Td (\(517,944) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.65 540.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.65 540.73 Td (1,046,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 540.73 Td (\(560,532) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 540.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 527.75 Td (Credit for income taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.65 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.65 527.75 Td (13,657) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.65 527.75 Td (482) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 527.75 Td (14,139) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 514.73 Td (Net loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.95 514.73 Td (\(507,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 514.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.95 514.73 Td (\(568,344) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.65 514.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.95 514.73 Td (\(517,462) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.65 514.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.65 514.73 Td (1,046,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 514.73 Td (\(546,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 514.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 59.00 501.75 Td (Net loss attributable to noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.65 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.65 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.65 501.75 Td (10,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.65 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 501.75 Td (10,713) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 488.73 Td (Net loss attributable to CME Ltd.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.95 488.73 Td (\(507,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 488.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.95 488.73 Td (\(568,344) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.65 488.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.95 488.73 Td (\(506,749) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.65 488.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.65 488.73 Td (1,046,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 488.73 Td (\(535,680) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 488.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 475.73 Td (Comprehensive loss attributable to CME Ltd.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.00 475.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.95 475.73 Td (\(507,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.65 475.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 475.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.95 475.73 Td (\(591,026) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.65 475.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.00 475.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.95 475.73 Td (\(455,512) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.65 475.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.00 475.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.65 475.73 Td (1,046,538) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 508.00 475.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.60 475.73 Td (\(507,125) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 559.30 475.73 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.00 448.60 Td (Condensed Consolidating Statements of Operations and Compr) Tj ET Q q 0 0 0 rg BT 266.21 448.60 Td (ehensive Income for) Tj ET Q q 0 0 0 rg BT 334.50 448.60 Td ( the year) Tj ET Q q 0 0 0 rg BT 364.12 448.60 Td ( ended December) Tj ET Q q 0 0 0 rg BT 423.07 448.60 Td ( 31, 201) Tj ET Q q 0 0 0 rg BT 448.63 448.60 Td (1) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 413.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 413.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 413.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 413.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 413.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 413.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 413.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 413.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 413.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 413.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 387.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 387.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 387.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 387.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 387.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 387.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 387.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 387.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 387.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 387.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 361.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 361.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 361.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 361.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 361.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 361.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 361.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 361.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 361.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 361.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 335.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 335.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 335.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 335.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 335.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 335.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 335.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 335.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 335.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 335.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 309.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 309.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 309.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 309.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 309.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 309.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 309.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 309.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 309.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 309.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 283.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 283.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 283.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 283.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 283.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 283.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 283.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 283.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 283.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 283.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 257.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 257.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 257.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 257.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 257.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 257.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 257.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 257.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 257.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 257.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 231.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 231.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 231.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 231.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 231.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 231.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 231.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 231.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 231.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 231.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 205.50 211.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 205.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 205.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 205.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 205.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 205.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 205.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 205.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 205.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 205.50 57.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 413.5 m 561.5 413.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 413.5 m 317.5 413.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 413.5 m 378.5 413.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 413.5 m 439.5 413.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 413.5 m 500.5 413.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 361.5 m 317.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 361.5 m 378.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 361.5 m 439.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 361.5 m 500.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 361.5 m 561.5 361.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 257.5 m 317.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 257.5 m 378.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 257.5 m 439.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 257.5 m 500.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 257.5 m 561.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 231.5 m 317.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 231.5 m 378.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 231.5 m 439.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 231.5 m 500.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 231.5 m 561.5 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 205.5 m 317.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 205.5 m 378.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 205.5 m 439.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 205.5 m 500.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 205.5 m 561.5 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 192.5 m 317.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 180.5 m 317.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 178.5 m 317.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 192.5 m 378.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 180.5 m 378.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 178.5 m 378.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 192.5 m 439.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 180.5 m 439.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 178.5 m 439.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 192.5 m 500.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 180.5 m 500.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 178.5 m 500.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 192.5 m 561.5 192.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 180.5 m 561.5 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 178.5 m 561.5 178.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.25 417.73 Td (Parent Issuer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.25 425.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.20 417.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.10 433.73 Td (Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.25 425.73 Td (Guarantor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 417.73 Td (Subsidiaries) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.40 417.73 Td (Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.10 417.73 Td (Consolidated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 404.73 Td (Net revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.30 404.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 324.00 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.30 404.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.00 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.25 404.73 Td (864,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.30 404.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.00 404.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.25 404.73 Td (864,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 391.73 Td (Cost of revenues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.30 391.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.30 391.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.25 391.73 Td (618,108) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.30 391.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.25 391.73 Td (618,108) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 378.75 Td (Selling, general and administrative expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.30 378.75 Td (25,585) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.30 378.75 Td (4,442) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.25 378.75 Td (141,107) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 378.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 378.75 Td (171,134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 365.75 Td (Impairment charge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 365.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 365.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 365.75 Td (68,748) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 365.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 365.75 Td (68,748) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 352.73 Td (Operating \(loss\) / income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.60 352.73 Td (\(25,585) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.30 352.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.60 352.73 Td (\(4,442) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.30 352.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.30 352.73 Td (36,819) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.30 352.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.30 352.73 Td (6,792) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 339.75 Td (Interest income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.25 339.75 Td (151,461) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.30 339.75 Td (2,358) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.30 339.75 Td (713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.60 339.75 Td (\(151,779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 339.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 339.75 Td (2,753) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 326.75 Td (Interest expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.60 326.75 Td (\(108,351) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 326.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.60 326.75 Td (\(116,926) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.30 326.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.60 326.75 Td (\(62,055) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 326.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.25 326.75 Td (151,779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 326.75 Td (\(135,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 326.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 313.75 Td (Loss on extinguishment of debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 313.75 Td (\(25,904) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 313.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 313.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 313.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 313.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 313.75 Td (\(25,904) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 313.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 300.75 Td (Foreign currency exchange \(loss\) / gain, net) Tj ET Q BT /F2 8.00 Tf 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683.73 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 683.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 670.75 Td (Purchase of property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 670.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 670.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.60 670.75 Td (\(32,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 670.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 670.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 670.75 Td (\(32,732) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 670.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 657.75 Td (Disposal of property, plant and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.30 657.75 Td (306) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 657.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 657.75 Td (306) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 644.75 Td (Intercompany investing activity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.60 644.75 Td (\(250,150) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 644.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.60 644.75 Td (\(303,558) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.30 644.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 644.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.25 644.75 Td (553,708) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.30 644.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 631.73 Td (Net cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.60 631.73 Td (\(250,150) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.60 631.73 Td (\(303,558) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.60 631.73 Td (\(32,426) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 436.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.25 631.73 Td (553,708) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 533.60 631.73 Td (\(32,426) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 558.30 631.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 605.73 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 592.75 Td (Repurchase of Senior Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.60 592.75 Td (\(290,135) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 592.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 592.75 Td (\(290,135) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 592.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 579.75 Td (Debt transactions costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 579.75 Td (\(4,350) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 579.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.60 579.75 Td (\(2,650) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 579.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 579.75 Td (\(7,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 579.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 566.75 Td (Issuance of Senior Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.25 566.75 Td (135,949) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 566.75 Td (92,941) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 566.75 Td (228,890) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 553.75 Td (Change in restricted cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 553.75 Td (\(20,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 553.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.60 553.75 Td (\(20,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 553.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 540.75 Td (Proceeds from credit facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.25 540.75 Td (180,146) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 540.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 540.75 Td (15,111) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 540.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.25 540.75 Td (195,257) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 527.75 Td (Payment of credit facilities and capital leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 527.75 Td (\(15,330) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 527.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.60 527.75 Td (\(90,548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 527.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.60 527.75 Td (\(105,878) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 527.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 514.75 Td (Issuance of common stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.30 514.75 Td (15,033) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 514.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 514.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 514.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 514.75 Td (15,033) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 501.75 Td (Equity issuance costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 501.75 Td (\(2,942) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 501.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.30 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.60 501.75 Td (\(2,942) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 501.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 488.75 Td (Dividends paid to holders of noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 488.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 488.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 488.75 Td (\(308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 488.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.60 488.75 Td (\(308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 475.75 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 475.75 Td (33) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 475.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.60 475.75 Td (\(82) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 475.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 475.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.60 475.75 Td (\(49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 475.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 462.75 Td (Intercompany financing activity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.25 462.75 Td (248,607) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.25 462.75 Td (286,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.30 462.75 Td (18,624) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.60 462.75 Td (\(553,708) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 462.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 550.30 462.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 449.73 Td (Net cash provided by financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.25 449.73 Td (246,039) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.25 449.73 Td (286,477) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.30 449.73 Td (33,088) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.60 449.73 Td (\(553,708) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.30 449.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 449.73 Td (11,896) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 423.75 Td (Impact of exchange rate fluctuations on cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 423.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 423.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.30 423.75 Td (4,564) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.30 423.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 423.75 Td (4,564) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 397.75 Td (Net increase / \(decrease\) in cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.30 397.75 Td (1,112) Tj ET Q BT /F2 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0 rg BT 414.95 644.75 Td (\(8,741) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.65 644.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 644.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.95 644.75 Td (\(9,597) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 644.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 631.75 Td (Intercompany investing activity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 631.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.95 631.75 Td (\(29,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.65 631.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 631.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.65 631.75 Td (29,836) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 549.65 631.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 618.73 Td (Net cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.30 618.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.95 618.73 Td (\(30,692) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.65 618.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 618.73 Td (\(41,842) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.65 618.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.65 618.73 Td (29,836) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.95 618.73 Td (\(42,698) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 557.65 618.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 592.73 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 592.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 579.75 Td (Repurchase of Senior Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 579.75 Td (\(73,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 579.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 579.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 579.75 Td (\(73,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 579.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 566.75 Td (Payment on exchange of Convertible Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.60 566.75 Td (\(32,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 566.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 566.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 566.75 Td (\(32,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 566.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 553.75 Td (Debt transactions costs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 553.75 Td (\(2,101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 553.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 553.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.95 553.75 Td (\(2,101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 553.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 540.75 Td (Proceeds from credit facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 540.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 540.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.65 540.75 Td (104,151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 540.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.65 540.75 Td (104,151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 527.75 Td (Payment of credit facilities and capital leases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.95 527.75 Td (\(34,458) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.65 527.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 527.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 527.75 Td (\(34,458) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 527.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 514.75 Td (Dividends paid to holders of noncontrolling interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 514.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 514.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.95 514.75 Td (\(316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.65 514.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 514.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 542.95 514.75 Td (\(316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 514.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 501.75 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.30 501.75 Td (242) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 501.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.65 501.75 Td (242) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 488.75 Td (Intercompany financing activity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 488.75 Td (\(7,262) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.65 488.75 Td (152,632) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.95 488.75 Td (\(115,534) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.65 488.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.95 488.75 Td (\(29,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.65 488.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 549.65 488.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 475.73 Td (Net cash \(used in\) / provided by financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.60 475.73 Td (\(114,807) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 314.30 475.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.65 475.73 Td (152,632) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.95 475.73 Td (\(46,157) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.65 475.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.95 475.73 Td (\(29,836) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.65 475.73 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.95 475.73 Td (\(38,168) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 557.65 475.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 449.75 Td (Impact of exchange rate fluctuations on cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.30 449.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.65 449.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.95 449.75 Td (\(6,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.65 449.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.95 449.75 Td (\(6,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 449.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 423.75 Td (Net \(decrease\) / increase in cash and cash equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.60 423.75 Td (\(108,717) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 423.75 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.65 423.75 Td (38,253) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.65 423.75 Td (12,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.65 423.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.95 423.75 Td (\(57,664) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.65 423.75 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.00 410.73 Td (CASH AND CASH EQUIVALENTS, beginning of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.25 410.73 Td (116,977) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.65 410.73 Td (13,408) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.65 410.73 Td (113,665) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.65 410.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.65 410.73 Td (244,050) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.00 397.73 Td (CASH AND CASH EQUIVALENTS, end of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 263.00 397.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.30 397.73 Td (8,260) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 324.00 397.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.65 397.73 Td (51,661) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.00 397.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.65 397.73 Td (126,465) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 397.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.65 397.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.00 397.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.65 397.73 Td (186,386) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 35.00 Td (89) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 711.60 Td (25. ) Tj ET Q q 0 0 0 rg BT 67.50 711.60 Td (SUBSEQUENT) Tj ET Q q 0 0 0 rg BT 121.15 711.60 Td ( EVENTS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 696.00 Td (On ) Tj ET Q q 0 0 0 rg BT 60.95 696.00 Td (February ) Tj ET Q q 0 0 0 rg BT 91.50 696.00 Td (28, ) Tj ET Q q 0 0 0 rg BT 103.17 696.00 Td (2014, ) Tj ET Q q 0 0 0 rg BT 122.84 696.00 Td (we ) Tj ET Q q 0 0 0 rg BT 133.84 696.00 Td (announced ) Tj ET Q q 0 0 0 rg BT 170.16 696.00 Td (our ) Tj ET Q q 0 0 0 rg BT 182.50 696.00 Td (intention ) Tj ET Q q 0 0 0 rg BT 212.61 696.00 Td (to ) Tj ET Q q 0 0 0 rg BT 220.50 696.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 247.50 696.00 Td (a ) Tj ET Q q 0 0 0 rg BT 252.72 696.00 Td (proposed ) Tj ET Q q 0 0 0 rg BT 283.72 696.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 303.61 696.00 Td (of) Tj ET Q q 0 0 0 rg BT 310.13 696.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 330.90 696.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 345.01 696.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 371.13 696.00 Td (Of) Tj ET Q q 0 0 0 rg BT 379.43 696.00 Td (fering\) ) Tj ET Q q 0 0 0 rg BT 406.41 696.00 Td (and ) Tj ET Q q 0 0 0 rg BT 419.63 696.00 Td (a ) Tj ET Q q 0 0 0 rg BT 424.86 696.00 Td (series ) Tj ET Q q 0 0 0 rg BT 444.74 696.00 Td (of ) Tj ET Q q 0 0 0 rg BT 453.08 696.00 Td (related ) Tj ET Q q 0 0 0 rg BT 476.51 696.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 508.39 696.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 548.27 696.00 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 686.40 Td (TW) Tj ET Q q 0 0 0 rg BT 61.79 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 63.41 686.40 Td (Investor ) Tj ET Q q 0 0 0 rg BT 91.25 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 104.30 686.40 Td (T) Tj ET Q q 0 0 0 rg BT 108.91 686.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 122.41 686.40 Td (W) Tj ET Q q 0 0 0 rg BT 129.32 686.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 147.37 686.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 161.20 686.40 Td (\(T) Tj ET Q q 0 0 0 rg BT 172.02 686.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 185.52 686.40 Td (W) Tj ET Q q 0 0 0 rg BT 192.43 686.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 214.03 686.40 Td (which, ) Tj ET Q q 0 0 0 rg BT 237.20 686.40 Td (unless ) Tj ET Q q 0 0 0 rg BT 258.82 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.22 686.40 Td (context ) Tj ET Q q 0 0 0 rg BT 295.38 686.40 Td (indicates ) Tj ET Q q 0 0 0 rg BT 325.44 686.40 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 360.16 686.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 388.32 686.40 Td (TW) Tj ET Q q 0 0 0 rg BT 400.61 686.40 Td ( ) Tj ET Q q 0 0 0 rg BT 402.23 686.40 Td (Investor ) Tj ET Q q 0 0 0 rg BT 430.07 686.40 Td (and ) Tj ET Q q 0 0 0 rg BT 443.24 686.40 Td (its ) Tj ET Q q 0 0 0 rg BT 452.42 686.40 Td (af) Tj ET Q q 0 0 0 rg BT 458.49 686.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 481.88 686.40 Td (other ) Tj ET Q q 0 0 0 rg BT 499.94 686.40 Td (than ) Tj ET Q q 0 0 0 rg BT 515.33 686.40 Td (the ) Tj ET Q q 0 0 0 rg BT 526.72 686.40 Td (Company\). ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 676.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.12 676.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 87.19 676.80 Td (Of) Tj ET Q q 0 0 0 rg BT 95.49 676.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 116.77 676.80 Td (and ) Tj ET Q q 0 0 0 rg BT 130.50 676.80 Td (related ) Tj ET Q q 0 0 0 rg BT 154.44 676.80 Td (financing ) Tj ET Q q 0 0 0 rg BT 186.83 676.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 227.22 676.80 Td (are ) Tj ET Q q 0 0 0 rg BT 239.16 676.80 Td (being ) Tj ET Q q 0 0 0 rg BT 259.11 676.80 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 296.83 676.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 326.56 676.80 Td (to ) Tj ET Q q 0 0 0 rg BT 334.96 676.80 Td (a ) Tj ET Q q 0 0 0 rg BT 340.69 676.80 Td (framework ) Tj ET Q q 0 0 0 rg BT 377.96 676.80 Td (agreement ) Tj ET Q q 0 0 0 rg BT 413.45 676.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 428.07 676.80 Td (Framework ) Tj ET Q q 0 0 0 rg BT 470.20 676.80 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 514.13 676.80 Td (dated ) Tj ET Q q 0 0 0 rg BT 533.63 676.80 Td (February ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 667.20 Td (28, ) Tj ET Q q 0 0 0 rg BT 61.50 667.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 79.50 667.20 Td (among ) Tj ET Q q 0 0 0 rg BT 103.27 667.20 Td (the ) Tj ET Q q 0 0 0 rg BT 115.05 667.20 Td (Company) Tj ET Q q 0 0 0 rg BT 145.64 667.20 Td (, ) Tj ET Q q 0 0 0 rg BT 149.49 667.20 Td (TW) Tj ET Q q 0 0 0 rg BT 161.79 667.20 Td ( ) Tj ET Q q 0 0 0 rg BT 163.79 667.20 Td (Investor ) Tj ET Q q 0 0 0 rg BT 192.00 667.20 Td (and ) Tj ET Q q 0 0 0 rg BT 205.41 667.20 Td (T) Tj ET Q q 0 0 0 rg BT 210.01 667.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 223.86 667.20 Td (W) Tj ET Q q 0 0 0 rg BT 230.77 667.20 Td (arner) Tj ET Q q 0 0 0 rg BT 246.76 667.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 651.60 Td (As ) Tj ET Q q 0 0 0 rg BT 60.86 651.60 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 93.11 651.60 Td (in ) Tj ET Q q 0 0 0 rg BT 101.80 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.04 651.60 Td (Registration ) Tj ET Q q 0 0 0 rg BT 155.62 651.60 Td (Statement ) Tj ET Q q 0 0 0 rg BT 190.08 651.60 Td (on ) Tj ET Q q 0 0 0 rg BT 200.55 651.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 220.36 651.60 Td (S-3 ) Tj ET Q q 0 0 0 rg BT 233.94 651.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 251.07 651.60 Td (by ) Tj ET Q q 0 0 0 rg BT 261.54 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.79 651.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 307.37 651.60 Td (on ) Tj ET Q q 0 0 0 rg BT 317.84 651.60 Td (February ) Tj ET Q q 0 0 0 rg BT 349.19 651.60 Td (28, ) Tj ET Q q 0 0 0 rg BT 361.66 651.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 380.13 651.60 Td (with ) Tj ET Q q 0 0 0 rg BT 396.82 651.60 Td (the ) Tj ET Q q 0 0 0 rg BT 409.07 651.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 425.77 651.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 459.78 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.80 651.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 507.81 651.60 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 552.74 651.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 642.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 82.94 642.00 Td (intends ) Tj ET Q q 0 0 0 rg BT 108.38 642.00 Td (to ) Tj ET Q q 0 0 0 rg BT 116.93 642.00 Td (distribute ) Tj ET Q q 0 0 0 rg BT 149.47 642.00 Td (non-transferable ) Tj ET Q q 0 0 0 rg BT 204.22 642.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 224.77 642.00 Td (\(Rights\) ) Tj ET Q q 0 0 0 rg BT 260.42 642.00 Td (at ) Tj ET Q q 0 0 0 rg BT 268.52 642.00 Td (no ) Tj ET Q q 0 0 0 rg BT 278.85 642.00 Td (char) Tj ET Q q 0 0 0 rg BT 292.47 642.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 302.35 642.00 Td (to ) Tj ET Q q 0 0 0 rg BT 310.90 642.00 Td (the ) Tj ET Q q 0 0 0 rg BT 323.00 642.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 348.88 642.00 Td (of ) Tj ET Q q 0 0 0 rg BT 357.88 642.00 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rg BT 237.11 632.40 Td (be ) Tj ET Q q 0 0 0 rg BT 246.19 632.40 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 283.71 632.40 Td (for ) Tj ET Q q 0 0 0 rg BT 294.58 632.40 Td (units ) Tj ET Q q 0 0 0 rg BT 311.67 632.40 Td (consisting ) Tj ET Q q 0 0 0 rg BT 345.66 632.40 Td (of ) Tj ET Q q 0 0 0 rg BT 353.86 632.40 Td (a ) Tj ET Q q 0 0 0 rg BT 358.95 632.40 Td (new ) Tj ET Q q 0 0 0 rg BT 373.81 632.40 Td (senior ) Tj ET Q q 0 0 0 rg BT 394.90 632.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 410.21 632.40 Td (instrument ) Tj ET Q q 0 0 0 rg BT 445.97 632.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 459.95 632.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 481.03 632.40 Td (PIK ) Tj ET Q q 0 0 0 rg BT 495.46 632.40 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 521.88 632.40 Td (and ) Tj ET Q q 0 0 0 rg BT 534.97 632.40 Td (warrants ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 622.80 Td (\(Unit ) Tj ET Q q 0 0 0 rg BT 71.79 622.80 Td (W) Tj ET Q q 0 0 0 rg BT 78.70 622.80 Td (arrants\) ) Tj ET Q q 0 0 0 rg BT 108.68 622.80 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 146.66 622.80 Td (for ) Tj ET Q q 0 0 0 rg BT 157.99 622.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 179.98 622.80 Td (of ) Tj ET Q q 0 0 0 rg BT 188.64 622.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 207.54 622.80 Td (A) Tj ET Q q 0 0 0 rg BT 212.88 622.80 Td ( ) Tj ET Q q 0 0 0 rg BT 214.88 622.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 246.66 622.80 Td (Stock. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 607.20 Td (T) Tj ET Q q 0 0 0 rg BT 54.11 607.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 67.62 607.20 Td (W) Tj ET Q q 0 0 0 rg BT 74.53 607.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 92.59 607.20 Td (has ) Tj ET Q q 0 0 0 rg BT 104.89 607.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 127.83 607.20 Td (to ) Tj ET Q q 0 0 0 rg BT 135.69 607.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 153.31 607.20 Td (into ) Tj ET Q q 0 0 0 rg BT 167.39 607.20 Td (a ) Tj ET Q q 0 0 0 rg BT 172.57 607.20 Td (standby ) Tj ET Q q 0 0 0 rg BT 199.09 607.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 229.16 607.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 264.10 607.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 278.17 607.20 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 311.87 607.20 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 355.26 607.20 Td (with ) Tj ET Q q 0 0 0 rg BT 371.12 607.20 Td (the ) Tj ET Q q 0 0 0 rg BT 382.52 607.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 415.26 607.20 Td (at ) Tj ET Q q 0 0 0 rg BT 422.67 607.20 Td (the ) Tj ET Q q 0 0 0 rg BT 434.08 607.20 Td (time ) Tj ET Q q 0 0 0 rg BT 449.93 607.20 Td (of ) Tj ET Q q 0 0 0 rg BT 458.22 607.20 Td (the ) Tj ET Q q 0 0 0 rg BT 469.63 607.20 Td (commencement ) Tj ET Q q 0 0 0 rg BT 521.91 607.20 Td (of ) Tj ET Q q 0 0 0 rg BT 530.21 607.20 Td (the ) Tj ET Q q 0 0 0 rg BT 541.61 607.20 Td (Rights ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 597.60 Td (Of) Tj ET Q q 0 0 0 rg BT 57.80 597.60 Td (fering. ) Tj ET Q q 0 0 0 rg BT 80.88 597.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 102.86 597.60 Td (the ) Tj ET Q q 0 0 0 rg BT 114.61 597.60 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 145.04 597.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 184.42 597.60 Td (T) Tj ET Q q 0 0 0 rg BT 189.02 597.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 202.86 597.60 Td (W) Tj ET Q q 0 0 0 rg BT 209.77 597.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 228.18 597.60 Td (will ) Tj ET Q q 0 0 0 rg BT 242.61 597.60 Td (commit, ) Tj ET Q q 0 0 0 rg BT 271.04 597.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 295.68 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 303.89 597.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.64 597.60 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 354.06 597.60 Td (or ) Tj ET Q q 0 0 0 rg BT 362.71 597.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 386.46 597.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.10 597.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 418.85 597.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 456.16 597.60 Td (to ) Tj ET Q q 0 0 0 rg BT 464.37 597.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 492.56 597.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.76 597.60 Td (full ) Tj ET Q q 0 0 0 rg BT 513.86 597.60 Td (its ) Tj ET Q q 0 0 0 rg BT 523.40 597.60 Td (subscription ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 588.00 Td (privilege ) Tj ET Q q 0 0 0 rg BT 79.80 588.00 Td (in ) Tj ET Q q 0 0 0 rg BT 87.88 588.00 Td (the ) Tj ET Q q 0 0 0 rg BT 99.52 588.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 122.28 588.00 Td (Of) Tj ET Q q 0 0 0 rg BT 130.57 588.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 151.54 588.00 Td (and ) Tj ET Q q 0 0 0 rg BT 164.95 588.00 Td (will ) Tj ET Q q 0 0 0 rg BT 179.26 588.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 209.55 588.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 243.41 588.00 Td (units ) Tj ET Q q 0 0 0 rg BT 260.83 588.00 Td (in ) Tj ET Q q 0 0 0 rg BT 268.92 588.00 Td (a ) Tj ET Q q 0 0 0 rg BT 274.33 588.00 Td (private ) Tj ET Q q 0 0 0 rg BT 298.41 588.00 Td (placement ) Tj ET Q q 0 0 0 rg BT 333.14 588.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 347.44 588.00 Td (TW) Tj ET Q q 0 0 0 rg BT 363.29 588.00 Td ( ) Tj ET Q q 0 0 0 rg BT 365.15 588.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 381.23 588.00 Td (Private ) Tj ET Q q 0 0 0 rg BT 405.76 588.00 Td (Placement\) ) Tj ET Q q 0 0 0 rg BT 447.16 588.00 Td (contemporaneously ) Tj ET Q q 0 0 0 rg BT 511.67 588.00 Td (with ) Tj ET Q q 0 0 0 rg BT 527.75 588.00 Td (the ) Tj ET Q q 0 0 0 rg BT 539.39 588.00 Td (closing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 578.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.16 578.40 Td (the ) Tj ET Q q 0 0 0 rg BT 69.94 578.40 Td (Rights ) Tj ET Q q 0 0 0 rg BT 92.83 578.40 Td (Of) Tj ET Q q 0 0 0 rg BT 101.13 578.40 Td (fering. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 562.80 Td (In ) Tj ET Q q 0 0 0 rg BT 58.40 562.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.74 562.80 Td (with ) Tj ET Q q 0 0 0 rg BT 112.20 562.80 Td (the ) Tj ET Q q 0 0 0 rg BT 124.21 562.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 147.34 562.80 Td (Of) Tj ET Q q 0 0 0 rg BT 155.64 562.80 Td (fering ) Tj ET Q q 0 0 0 rg BT 176.98 562.80 Td (and ) Tj ET Q q 0 0 0 rg BT 190.61 562.80 Td (TW) Tj ET Q q 0 0 0 rg BT 202.90 562.80 Td ( ) Tj ET Q q 0 0 0 rg BT 205.14 562.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 221.60 562.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 246.50 562.80 Td (Placement, ) Tj ET Q q 0 0 0 rg BT 284.06 562.80 Td (the ) Tj ET Q q 0 0 0 rg BT 296.07 562.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.42 562.80 Td (intends ) Tj ET Q q 0 0 0 rg BT 354.76 562.80 Td (to ) Tj ET Q q 0 0 0 rg BT 363.23 562.80 Td (of) Tj ET Q q 0 0 0 rg BT 369.74 562.80 Td (fer ) Tj ET Q q 0 0 0 rg BT 380.86 562.80 Td (units ) Tj ET Q q 0 0 0 rg BT 398.66 562.80 Td (consisting ) Tj ET Q q 0 0 0 rg BT 433.34 562.80 Td (of ) Tj ET Q q 0 0 0 rg BT 442.24 562.80 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.71 562.80 Td (396.8 ) Tj ET Q q 0 0 0 rg BT 478.95 562.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.06 562.80 Td ( ) Tj ET Q q 0 0 0 rg BT 504.30 562.80 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 537.63 562.80 Td (original ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 553.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 79.76 553.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 105.59 553.20 Td (of ) Tj ET Q q 0 0 0 rg BT 114.09 553.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 131.92 553.20 Td (PIK ) Tj ET Q q 0 0 0 rg BT 146.64 553.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 167.13 553.20 Td (and ) Tj ET Q q 0 0 0 rg BT 180.52 553.20 Td (Unit ) Tj ET Q q 0 0 0 rg BT 196.44 553.20 Td (W) Tj ET Q q 0 0 0 rg BT 203.35 553.20 Td (arrants ) Tj ET Q q 0 0 0 rg BT 226.94 553.20 Td (to ) Tj ET Q q 0 0 0 rg BT 235.00 553.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 265.26 553.20 Td (a ) Tj ET Q q 0 0 0 rg BT 270.64 553.20 Td (total ) Tj ET Q q 0 0 0 rg BT 286.69 553.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.19 553.20 Td (84,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.19 553.20 Td ( ) Tj ET Q q 0 0 0 rg BT 333.02 553.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 354.84 553.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.34 553.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 382.10 553.20 Td (A) Tj ET Q q 0 0 0 rg BT 387.43 553.20 Td ( ) Tj ET Q q 0 0 0 rg BT 389.27 553.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 420.88 553.20 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 442.93 553.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 464.75 553.20 Td (the ) Tj ET Q q 0 0 0 rg BT 476.36 553.20 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 506.66 553.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 545.90 553.20 Td (T) Tj ET Q q 0 0 0 rg BT 550.51 553.20 Td (ime ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 543.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 543.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 74.85 543.60 Td (will ) Tj ET Q q 0 0 0 rg BT 89.31 543.60 Td (also ) Tj ET Q q 0 0 0 rg BT 104.22 543.60 Td (commit ) Tj ET Q q 0 0 0 rg BT 130.67 543.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.91 543.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 169.35 543.60 Td (in ) Tj ET Q q 0 0 0 rg BT 177.59 543.60 Td (a ) Tj ET Q q 0 0 0 rg BT 183.16 543.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 211.37 543.60 Td (private ) Tj ET Q q 0 0 0 rg BT 235.60 543.60 Td (of) Tj ET Q q 0 0 0 rg BT 242.12 543.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 263.24 543.60 Td (to ) Tj ET Q q 0 0 0 rg BT 271.47 543.60 Td (be ) Tj ET Q q 0 0 0 rg BT 281.04 543.60 Td (closed ) Tj ET Q q 0 0 0 rg BT 303.49 543.60 Td (contemporaneously ) Tj ET Q q 0 0 0 rg BT 368.15 543.60 Td (with ) Tj ET Q q 0 0 0 rg BT 384.39 543.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.18 543.60 Td (Rights ) Tj ET Q q 0 0 0 rg BT 419.09 543.60 Td (Of) Tj ET Q q 0 0 0 rg BT 427.38 543.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 448.50 543.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 462.95 543.60 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 498.29 543.60 Td (Private ) Tj ET Q q 0 0 0 rg BT 522.97 543.60 Td (Placement\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 534.00 Td (any ) Tj ET Q q 0 0 0 rg BT 63.05 534.00 Td (units ) Tj ET Q q 0 0 0 rg BT 80.61 534.00 Td (that ) Tj ET Q q 0 0 0 rg BT 94.61 534.00 Td (are ) Tj ET Q q 0 0 0 rg BT 106.37 534.00 Td (not ) Tj ET Q q 0 0 0 rg BT 118.59 534.00 Td (purchased ) Tj ET Q q 0 0 0 rg BT 153.02 534.00 Td (through ) Tj ET Q q 0 0 0 rg BT 179.91 534.00 Td (the ) Tj ET Q q 0 0 0 rg BT 191.68 534.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 219.89 534.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.55 534.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 251.45 534.00 Td (in ) Tj ET Q q 0 0 0 rg BT 259.67 534.00 Td (the ) Tj ET Q q 0 0 0 rg BT 271.44 534.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 294.34 534.00 Td (Of) Tj ET Q q 0 0 0 rg BT 302.63 534.00 Td (fering. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 518.40 Td (Also ) Tj ET Q q 0 0 0 rg BT 67.05 518.40 Td (on ) Tj ET Q q 0 0 0 rg BT 77.50 518.40 Td (February ) Tj ET Q q 0 0 0 rg BT 108.82 518.40 Td (28, ) Tj ET Q q 0 0 0 rg BT 121.26 518.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 141.70 518.40 Td (the ) Tj ET Q q 0 0 0 rg BT 153.91 518.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.46 518.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 213.45 518.40 Td (into ) Tj ET Q q 0 0 0 rg BT 228.33 518.40 Td (a ) Tj ET Q q 0 0 0 rg BT 234.32 518.40 Td (term ) Tj ET Q q 0 0 0 rg BT 251.43 518.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 267.64 518.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 288.29 518.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 324.05 518.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 338.93 518.40 Td (T) Tj ET Q q 0 0 0 rg BT 347.08 518.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 361.34 518.40 Td (W) Tj ET Q q 0 0 0 rg BT 368.25 518.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 386.95 518.40 Td (T) Tj ET Q q 0 0 0 rg BT 391.28 518.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 406.16 518.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 424.50 518.40 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 468.69 518.40 Td (with ) Tj ET Q q 0 0 0 rg BT 485.18 518.40 Td (T) Tj ET Q q 0 0 0 rg BT 489.78 518.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 504.04 518.40 Td (W) Tj ET Q q 0 0 0 rg BT 510.96 518.40 Td (arner) Tj ET Q q 0 0 0 rg BT 526.94 518.40 Td (. ) Tj ET Q q 0 0 0 rg BT 531.21 518.40 Td (The ) Tj ET Q q 0 0 0 rg BT 545.91 518.40 Td (T) Tj ET Q q 0 0 0 rg BT 550.52 518.40 Td (ime ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 508.80 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 508.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 74.32 508.80 Td (T) Tj ET Q q 0 0 0 rg BT 78.65 508.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 92.69 508.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 110.37 508.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 147.51 508.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 176.66 508.80 Td (that ) Tj ET Q q 0 0 0 rg BT 190.14 508.80 Td (T) Tj ET Q q 0 0 0 rg BT 194.74 508.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 208.22 508.80 Td (W) Tj ET Q q 0 0 0 rg BT 215.13 508.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 233.16 508.80 Td (will ) Tj ET Q q 0 0 0 rg BT 247.20 508.80 Td (make, ) Tj ET Q q 0 0 0 rg BT 268.13 508.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 292.38 508.80 Td (to ) Tj ET Q q 0 0 0 rg BT 300.21 508.80 Td (the ) Tj ET Q q 0 0 0 rg BT 311.58 508.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 346.51 508.80 Td (therein, ) Tj ET Q q 0 0 0 rg BT 372.32 508.80 Td (a ) Tj ET Q q 0 0 0 rg BT 377.47 508.80 Td (term ) Tj ET Q q 0 0 0 rg BT 393.73 508.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 409.10 508.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 423.13 508.80 Td (T) Tj ET Q q 0 0 0 rg BT 431.29 508.80 Td (ime ) Tj ET Q q 0 0 0 rg BT 444.77 508.80 Td (W) Tj ET Q q 0 0 0 rg BT 451.68 508.80 Td (arner ) Tj ET Q q 0 0 0 rg BT 469.59 508.80 Td (T) Tj ET Q q 0 0 0 rg BT 473.92 508.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 487.96 508.80 Td (Loan\) ) Tj ET Q q 0 0 0 rg BT 512.21 508.80 Td (to ) Tj ET Q q 0 0 0 rg BT 520.03 508.80 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 508.80 Td (Company ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 499.20 Td (in ) Tj ET Q q 0 0 0 rg BT 57.82 499.20 Td (the ) Tj ET Q q 0 0 0 rg BT 69.68 499.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 102.86 499.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 133.39 499.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 159.48 499.20 Td (of ) Tj ET Q q 0 0 0 rg BT 168.24 499.20 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.56 499.20 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 200.65 499.20 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 223.76 499.20 Td ( ) Tj ET Q q 0 0 0 rg BT 225.85 499.20 Td (or) Tj ET Q q 0 0 0 rg BT 232.20 499.20 Td (, ) Tj ET Q q 0 0 0 rg BT 236.29 499.20 Td (if ) Tj ET Q q 0 0 0 rg BT 243.27 499.20 Td (the ) Tj ET Q q 0 0 0 rg BT 255.14 499.20 Td (Rights ) Tj ET Q q 0 0 0 rg BT 278.12 499.20 Td (Of) Tj ET Q q 0 0 0 rg BT 286.42 499.20 Td (fering, ) Tj ET Q q 0 0 0 rg BT 309.62 499.20 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 341.48 499.20 Td (Private ) Tj ET Q q 0 0 0 rg BT 366.23 499.20 Td (Placement ) Tj ET Q q 0 0 0 rg BT 401.65 499.20 Td (and ) Tj ET Q q 0 0 0 rg BT 415.14 499.20 Td (TW) Tj ET Q q 0 0 0 rg BT 427.43 499.20 Td ( ) Tj ET Q q 0 0 0 rg BT 429.53 499.20 Td (Unit ) Tj ET Q q 0 0 0 rg BT 445.84 499.20 Td (Private ) Tj ET Q q 0 0 0 rg BT 470.59 499.20 Td (Placement ) Tj ET Q q 0 0 0 rg BT 506.01 499.20 Td (do ) Tj ET Q q 0 0 0 rg BT 516.10 499.20 Td (not ) Tj ET Q q 0 0 0 rg BT 528.42 499.20 Td (close ) Tj ET Q q 0 0 0 rg BT 546.95 499.20 Td (prior ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 489.60 Td (to ) Tj ET Q q 0 0 0 rg BT 57.87 489.60 Td (May ) Tj ET Q q 0 0 0 rg BT 74.67 489.60 Td (29, ) Tj ET Q q 0 0 0 rg BT 86.81 489.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 106.96 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.87 489.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 135.24 489.60 Td (dollar ) Tj ET Q q 0 0 0 rg BT 156.04 489.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 191.51 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.31 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.23 489.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 245.46 489.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 276.04 489.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 302.18 489.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.98 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.90 489.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.71 489.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 353.85 489.60 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 374.21 489.60 Td (Rate ) Tj ET Q q 0 0 0 rg BT 391.02 489.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 411.82 489.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 451.30 489.60 Td (and ) Tj ET Q q 0 0 0 rg BT 464.99 489.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.91 489.60 Td (early ) Tj ET Q q 0 0 0 rg BT 495.04 489.60 Td (redemption ) Tj ET Q q 0 0 0 rg BT 533.62 489.60 Td (premium ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 480.00 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 78.94 480.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 95.73 480.00 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 113.41 480.00 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 130.87 480.00 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.98 480.00 Td (. ) Tj ET Q q 0 0 0 rg BT 159.43 480.00 Td (If ) Tj ET Q q 0 0 0 rg BT 168.21 480.00 Td (the ) Tj ET Q q 0 0 0 rg BT 181.44 480.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 205.79 480.00 Td (Of) Tj ET Q q 0 0 0 rg BT 214.09 480.00 Td (fering, ) Tj ET Q q 0 0 0 rg BT 238.64 480.00 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 271.87 480.00 Td (Private ) Tj ET Q q 0 0 0 rg BT 297.98 480.00 Td (Placement ) Tj ET Q q 0 0 0 rg BT 334.76 480.00 Td (and ) Tj ET Q q 0 0 0 rg BT 349.51 480.00 Td (TW) Tj ET Q q 0 0 0 rg BT 361.80 480.00 Td ( ) Tj ET Q q 0 0 0 rg BT 365.26 480.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 382.93 480.00 Td (Private ) Tj ET Q q 0 0 0 rg BT 409.05 480.00 Td (Placement ) Tj ET Q q 0 0 0 rg BT 445.82 480.00 Td (have ) Tj ET Q q 0 0 0 rg BT 464.38 480.00 Td (not ) Tj ET Q q 0 0 0 rg BT 478.05 480.00 Td (been ) Tj ET Q q 0 0 0 rg BT 496.61 480.00 Td (closed ) Tj ET Q q 0 0 0 rg BT 520.50 480.00 Td (on ) Tj ET Q q 0 0 0 rg BT 531.95 480.00 Td (or ) Tj ET Q q 0 0 0 rg BT 542.07 480.00 Td (before ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 470.40 Td (September8,2014, ) Tj ET Q q 0 0 0 rg BT 113.41 470.40 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 470.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.68 470.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 174.49 470.40 Td (issue ) Tj ET Q q 0 0 0 rg BT 192.18 470.40 Td (and ) Tj ET Q q 0 0 0 rg BT 205.43 470.40 Td (deliver ) Tj ET Q q 0 0 0 rg BT 229.34 470.40 Td (to ) Tj ET Q q 0 0 0 rg BT 237.14 470.40 Td (T) Tj ET Q q 0 0 0 rg BT 241.74 470.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 255.31 470.40 Td (W) Tj ET Q q 0 0 0 rg BT 262.22 470.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 280.35 470.40 Td (warrants ) Tj ET Q q 0 0 0 rg BT 309.59 470.40 Td (to ) Tj ET Q q 0 0 0 rg BT 317.50 470.40 Td (purchase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.63 470.40 Td (84,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.63 470.40 Td ( ) Tj ET Q q 0 0 0 rg BT 385.33 470.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.02 470.40 Td (of ) Tj ET Q q 0 0 0 rg BT 415.38 470.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 434.03 470.40 Td (A) Tj ET Q q 0 0 0 rg BT 439.37 470.40 Td ( ) Tj ET Q q 0 0 0 rg BT 441.07 470.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 472.54 470.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 492.46 470.40 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 519.48 470.40 Td (to ) Tj ET Q q 0 0 0 rg BT 527.40 470.40 Td (adjustment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 460.80 Td (in ) Tj ET Q q 0 0 0 rg BT 57.72 460.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 95.69 460.80 Td (with ) Tj ET Q q 0 0 0 rg BT 111.91 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 123.69 460.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 143.46 460.80 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 170.11 460.80 Td (the ) Tj ET Q q 0 0 0 rg BT 181.89 460.80 Td (T) Tj ET Q q 0 0 0 rg BT 189.77 460.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 204.20 460.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 222.50 460.80 Td (W) Tj ET Q q 0 0 0 rg BT 229.41 460.80 Td (arrants\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 445.20 Td (In ) Tj ET Q q 0 0 0 rg BT 58.13 445.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.32 445.20 Td (under ) Tj ET Q q 0 0 0 rg BT 108.51 445.20 Td (the ) Tj ET Q q 0 0 0 rg BT 120.25 445.20 Td (Framework ) Tj ET Q q 0 0 0 rg BT 158.67 445.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 198.04 445.20 Td (T) Tj ET Q q 0 0 0 rg BT 202.64 445.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 216.47 445.20 Td (W) Tj ET Q q 0 0 0 rg BT 223.38 445.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 241.78 445.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 265.06 445.20 Td (to ) Tj ET Q q 0 0 0 rg BT 273.26 445.20 Td (extend ) Tj ET Q q 0 0 0 rg BT 296.55 445.20 Td (to ) Tj ET Q q 0 0 0 rg BT 304.74 445.20 Td (the ) Tj ET Q q 0 0 0 rg BT 316.49 445.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.57 445.20 Td (a ) Tj ET Q q 0 0 0 rg BT 355.09 445.20 Td (revolving ) Tj ET Q q 0 0 0 rg BT 387.72 445.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 407.90 445.20 Td (facility ) Tj ET Q q 0 0 0 rg BT 432.53 445.20 Td (that ) Tj ET Q q 0 0 0 rg BT 446.50 445.20 Td (matures ) Tj ET Q q 0 0 0 rg BT 473.79 445.20 Td (on ) Tj ET Q q 0 0 0 rg BT 483.76 445.20 Td (December ) Tj ET Q q 0 0 0 rg BT 518.60 445.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 526.57 445.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 544.54 445.20 Td (in ) Tj ET Q q 0 0 0 rg BT 552.73 445.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 435.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 82.59 435.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 113.02 435.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 139.02 435.60 Td (of ) Tj ET Q q 0 0 0 rg BT 147.68 435.60 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.91 435.60 Td (1) Tj ET Q q 0 0 0 rg BT 167.61 435.60 Td (15.0 ) Tj ET Q q 0 0 0 rg BT 183.61 435.60 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.73 435.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.73 435.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 223.16 435.60 Td (T) Tj ET Q q 0 0 0 rg BT 231.32 435.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 245.17 435.60 Td (W) Tj ET Q q 0 0 0 rg BT 252.08 435.60 Td (arner ) Tj ET Q q 0 0 0 rg BT 270.51 435.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 305.84 435.60 Td (Credit ) Tj ET Q q 0 0 0 rg BT 327.84 435.60 Td (Facility\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 420.00 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.31 420.00 Td (the ) Tj ET Q q 0 0 0 rg BT 82.90 420.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 121.19 420.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 160.55 420.00 Td (we ) Tj ET Q q 0 0 0 rg BT 171.69 420.00 Td (have ) Tj ET Q q 0 0 0 rg BT 188.61 420.00 Td (also ) Tj ET Q q 0 0 0 rg BT 203.31 420.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 226.45 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 234.49 420.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 254.07 420.00 Td (CET) Tj ET Q q 0 0 0 rg BT 269.03 420.00 Td ( ) Tj ET Q q 0 0 0 rg BT 270.85 420.00 Td (21, ) Tj ET Q q 0 0 0 rg BT 282.67 420.00 Td (as ) Tj ET Q q 0 0 0 rg BT 291.15 420.00 Td (issuer ) Tj ET Q q 0 0 0 rg BT 311.63 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 320.11 420.00 Td (the ) Tj ET Q q 0 0 0 rg BT 331.70 420.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 349.51 420.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 369.55 420.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 386.03 420.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 408.51 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 416.55 420.00 Td (undertake ) Tj ET Q q 0 0 0 rg BT 449.90 420.00 Td (a ) Tj ET Q q 0 0 0 rg BT 455.27 420.00 Td (consent ) Tj ET Q q 0 0 0 rg BT 481.52 420.00 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 518.89 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.37 420.00 Td (the ) Tj ET Q q 0 0 0 rg BT 538.96 420.00 Td (holders ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.55 410.40 Td (at ) Tj ET Q q 0 0 0 rg BT 66.72 410.40 Td (least ) Tj ET Q q 0 0 0 rg BT 83.77 410.40 Td (a ) Tj ET Q q 0 0 0 rg BT 89.71 410.40 Td (majority ) Tj ET Q q 0 0 0 rg BT 119.21 410.40 Td (in ) Tj ET Q q 0 0 0 rg BT 127.82 410.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 158.64 410.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 185.03 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 194.09 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.25 410.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 224.64 410.40 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 245.25 410.40 Td (Rate ) Tj ET Q q 0 0 0 rg BT 262.30 410.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 283.36 410.40 Td (as ) Tj ET Q q 0 0 0 rg BT 292.41 410.40 Td (to ) Tj ET Q q 0 0 0 rg BT 301.03 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 313.19 410.40 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 349.34 410.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.39 410.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 374.55 410.40 Td (in ) Tj ET Q q 0 0 0 rg BT 383.17 410.40 Td (the ) Tj ET Q q 0 0 0 rg BT 395.33 410.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 435.93 410.40 Td (described ) Tj ET Q q 0 0 0 rg BT 468.98 410.40 Td (above ) Tj ET Q q 0 0 0 rg BT 490.47 410.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 505.30 410.40 Td (2017 ) Tj ET Q q 0 0 0 rg BT 527.24 410.40 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 547.85 410.40 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 400.80 Td (Noteholder ) Tj ET Q q 0 0 0 rg BT 87.91 400.80 Td (Consent\), ) Tj ET Q q 0 0 0 rg BT 124.78 400.80 Td (the ) Tj ET Q q 0 0 0 rg BT 136.98 400.80 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 173.16 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 182.25 400.80 Td (an ) Tj ET Q q 0 0 0 rg BT 192.22 400.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 226.64 400.80 Td (EUR ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.07 400.80 Td (40.0 ) Tj ET Q q 0 0 0 rg BT 261.49 400.80 Td (million) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.61 400.80 Td ( ) Tj ET Q q 0 0 0 rg BT 287.03 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 296.12 400.80 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 341.87 400.80 Td (and ) Tj ET Q q 0 0 0 rg BT 355.85 400.80 Td (the ) Tj ET Q q 0 0 0 rg BT 368.05 400.80 Td (amendment ) Tj ET Q q 0 0 0 rg BT 407.79 400.80 Td (of ) Tj ET Q q 0 0 0 rg BT 416.88 400.80 Td (the ) Tj ET Q q 0 0 0 rg BT 429.08 400.80 Td (indenture ) Tj ET Q q 0 0 0 rg BT 461.72 400.80 Td (governing ) Tj ET Q q 0 0 0 rg BT 496.58 400.80 Td (the ) Tj ET Q q 0 0 0 rg BT 508.78 400.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 527.21 400.80 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 547.86 400.80 Td (Rate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 391.20 Td (Notes ) Tj ET Q q 0 0 0 rg BT 69.65 391.20 Td (and ) Tj ET Q q 0 0 0 rg BT 82.69 391.20 Td (the ) Tj ET Q q 0 0 0 rg BT 93.95 391.20 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 135.08 391.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 174.11 391.20 Td (originally ) Tj ET Q q 0 0 0 rg BT 206.70 391.20 Td (dated ) Tj ET Q q 0 0 0 rg BT 225.51 391.20 Td (July ) Tj ET Q q 0 0 0 rg BT 240.33 391.20 Td (21, ) Tj ET Q q 0 0 0 rg BT 251.82 391.20 Td (2006, ) Tj ET Q q 0 0 0 rg BT 271.30 391.20 Td (among ) Tj ET Q q 0 0 0 rg BT 294.56 391.20 Td (the ) Tj ET Q q 0 0 0 rg BT 305.82 391.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 328.63 391.20 Td (thereto ) Tj ET Q q 0 0 0 rg BT 352.33 391.20 Td (to ) Tj ET Q q 0 0 0 rg BT 360.04 391.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 385.96 391.20 Td (that ) Tj ET Q q 0 0 0 rg BT 399.45 391.20 Td (all ) Tj ET Q q 0 0 0 rg BT 408.93 391.20 Td (secured ) Tj ET Q q 0 0 0 rg BT 434.85 391.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 457.66 391.20 Td (will ) Tj ET Q q 0 0 0 rg BT 471.59 391.20 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 505.04 391.20 Td (their ) Tj ET Q q 0 0 0 rg BT 521.19 391.20 Td (indebtedness ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 63.05 381.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 79.27 381.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 121.24 381.60 Td (if ) Tj ET Q q 0 0 0 rg BT 128.13 381.60 Td (any ) Tj ET Q q 0 0 0 rg BT 141.68 381.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 168.11 381.60 Td (party ) Tj ET Q q 0 0 0 rg BT 186.55 381.60 Td (accelerates ) Tj ET Q q 0 0 0 rg BT 223.63 381.60 Td (their ) Tj ET Q q 0 0 0 rg BT 240.29 381.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 283.61 381.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.16 381.60 Td (seeks ) Tj ET Q q 0 0 0 rg BT 316.49 381.60 Td (enforcement.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 366.00 Td (In ) Tj ET Q q 0 0 0 rg BT 58.62 366.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.17 366.00 Td (with ) Tj ET Q q 0 0 0 rg BT 112.84 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 125.07 366.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 165.73 366.00 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 211.28 366.00 Td (by ) Tj ET Q q 0 0 0 rg BT 221.73 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 233.95 366.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 272.74 366.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 312.73 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.96 366.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 358.52 366.00 Td (has ) Tj ET Q q 0 0 0 rg BT 371.64 366.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 395.41 366.00 Td (to ) Tj ET Q q 0 0 0 rg BT 404.08 366.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 422.53 366.00 Td (to ) Tj ET Q q 0 0 0 rg BT 431.03 366.00 Td (T) Tj ET Q q 0 0 0 rg BT 435.64 366.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 449.91 366.00 Td (W) Tj ET Q q 0 0 0 rg BT 456.82 366.00 Td (arner) Tj ET Q q 0 0 0 rg BT 472.93 366.00 Td (, ) Tj ET Q q 0 0 0 rg BT 477.38 366.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 502.49 366.00 Td (to ) Tj ET Q q 0 0 0 rg BT 511.17 366.00 Td (the ) Tj ET Q q 0 0 0 rg BT 523.39 366.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 543.62 366.00 Td (of ) Tj ET Q q 0 0 0 rg BT 552.73 366.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 356.40 Td (Framework ) Tj ET Q q 0 0 0 rg BT 87.94 356.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 125.48 356.40 Td (and ) Tj ET Q q 0 0 0 rg BT 139.03 356.40 Td (of ) Tj ET Q q 0 0 0 rg BT 147.69 356.40 Td (an ) Tj ET Q q 0 0 0 rg BT 157.24 356.40 Td (escrow ) Tj ET Q q 0 0 0 rg BT 181.90 356.40 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 219.21 356.40 Td (a ) Tj ET Q q 0 0 0 rg BT 224.76 356.40 Td (warrant ) Tj ET Q q 0 0 0 rg BT 251.19 356.40 Td (to ) Tj ET Q q 0 0 0 rg BT 259.41 356.40 Td (purchase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.84 356.40 Td (30,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.84 356.40 Td ( ) Tj ET Q q 0 0 0 rg BT 327.84 356.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 349.84 356.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.50 356.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 377.39 356.40 Td (A) Tj ET Q q 0 0 0 rg BT 382.73 356.40 Td ( ) Tj ET Q q 0 0 0 rg BT 384.73 356.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 416.51 356.40 Td (Stock. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 340.80 Td (The ) Tj ET Q q 0 0 0 rg BT 63.47 340.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 96.12 340.80 Td (intends ) Tj ET Q q 0 0 0 rg BT 120.77 340.80 Td (to ) Tj ET Q q 0 0 0 rg BT 128.53 340.80 Td (use ) Tj ET Q q 0 0 0 rg BT 140.73 340.80 Td (any ) Tj ET Q q 0 0 0 rg BT 153.82 340.80 Td (net ) Tj ET Q q 0 0 0 rg BT 165.13 340.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 195.09 340.80 Td (from ) Tj ET Q q 0 0 0 rg BT 212.18 340.80 Td (the ) Tj ET Q q 0 0 0 rg BT 223.49 340.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 245.92 340.80 Td (Of) Tj ET Q q 0 0 0 rg BT 254.22 340.80 Td (fering, ) Tj ET Q q 0 0 0 rg BT 276.86 340.80 Td (the ) Tj ET Q q 0 0 0 rg BT 288.06 340.80 Td (TW) Tj ET Q q 0 0 0 rg BT 300.35 340.80 Td ( ) Tj ET Q q 0 0 0 rg BT 301.89 340.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 317.65 340.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 341.85 340.80 Td (Placement ) Tj ET Q q 0 0 0 rg BT 376.70 340.80 Td (and ) Tj ET Q q 0 0 0 rg BT 389.79 340.80 Td (the ) Tj ET Q q 0 0 0 rg BT 401.10 340.80 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 432.41 340.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 456.61 340.80 Td (Placement, ) Tj ET Q q 0 0 0 rg BT 493.47 340.80 Td (if ) Tj ET Q q 0 0 0 rg BT 499.89 340.80 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 536.30 340.80 Td (together ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 331.20 Td (with ) Tj ET Q q 0 0 0 rg BT 65.46 331.20 Td (any ) Tj ET Q q 0 0 0 rg BT 78.76 331.20 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 108.93 331.20 Td (from ) Tj ET Q q 0 0 0 rg BT 126.22 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 137.61 331.20 Td (T) Tj ET Q q 0 0 0 rg BT 142.21 331.20 Td (ime ) Tj ET Q q 0 0 0 rg BT 155.82 331.20 Td (W) Tj ET Q q 0 0 0 rg BT 162.73 331.20 Td (arner ) Tj ET Q q 0 0 0 rg BT 180.78 331.20 Td (T) Tj ET Q q 0 0 0 rg BT 185.11 331.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 199.29 331.20 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 219.46 331.20 Td (to ) Tj ET Q q 0 0 0 rg BT 227.43 331.20 Td (redeem ) Tj ET Q q 0 0 0 rg BT 252.71 331.20 Td (and ) Tj ET Q q 0 0 0 rg BT 266.00 331.20 Td (repay ) Tj ET Q q 0 0 0 rg BT 285.51 331.20 Td (in ) Tj ET Q q 0 0 0 rg BT 293.47 331.20 Td (full ) Tj ET Q q 0 0 0 rg BT 306.32 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 317.84 331.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 335.58 331.20 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 355.54 331.20 Td (Rate ) Tj ET Q q 0 0 0 rg BT 371.94 331.20 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 394.35 331.20 Td (including ) Tj ET Q q 0 0 0 rg BT 426.31 331.20 Td (the ) Tj ET Q q 0 0 0 rg BT 437.82 331.20 Td (early ) Tj ET Q q 0 0 0 rg BT 455.55 331.20 Td (redemption ) Tj ET Q q 0 0 0 rg BT 493.73 331.20 Td (premium ) Tj ET Q q 0 0 0 rg BT 524.35 331.20 Td (and ) Tj ET Q q 0 0 0 rg BT 537.64 331.20 Td (accrued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 321.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.20 321.60 Td (thereon. ) Tj ET Q q 0 0 0 rg BT 102.87 321.60 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 144.56 321.60 Td (, ) Tj ET Q q 0 0 0 rg BT 148.71 321.60 Td (if ) Tj ET Q q 0 0 0 rg BT 155.75 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.68 321.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.95 321.60 Td (is ) Tj ET Q q 0 0 0 rg BT 208.44 321.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 231.92 321.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.30 321.60 Td (close ) Tj ET Q q 0 0 0 rg BT 258.89 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.82 321.60 Td (Rights ) Tj ET Q q 0 0 0 rg BT 293.87 321.60 Td (Of) Tj ET Q q 0 0 0 rg BT 302.17 321.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 323.42 321.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 341.13 321.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.51 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.43 321.60 Td (May ) Tj ET Q q 0 0 0 rg BT 378.25 321.60 Td (29, ) Tj ET Q q 0 0 0 rg BT 390.41 321.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 410.56 321.60 Td (then ) Tj ET Q q 0 0 0 rg BT 426.49 321.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.42 321.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.69 321.60 Td (intends ) Tj ET Q q 0 0 0 rg BT 496.95 321.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.33 321.60 Td (redeem ) Tj ET Q q 0 0 0 rg BT 531.02 321.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.73 321.60 Td (repay ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 312.00 Td (in ) Tj ET Q q 0 0 0 rg BT 57.37 312.00 Td (full ) Tj ET Q q 0 0 0 rg BT 70.12 312.00 Td (all ) Tj ET Q q 0 0 0 rg BT 79.76 312.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 118.73 312.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 136.38 312.00 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 156.24 312.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 172.55 312.00 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 194.86 312.00 Td (including ) Tj ET Q q 0 0 0 rg BT 226.72 312.00 Td (the ) Tj ET Q q 0 0 0 rg BT 238.13 312.00 Td (early ) Tj ET Q q 0 0 0 rg BT 255.77 312.00 Td (redemption ) Tj ET Q q 0 0 0 rg BT 293.84 312.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 324.37 312.00 Td (and ) Tj ET Q q 0 0 0 rg BT 337.56 312.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 364.08 312.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.27 312.00 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 416.90 312.00 Td (with ) Tj ET Q q 0 0 0 rg BT 432.76 312.00 Td (the ) Tj ET Q q 0 0 0 rg BT 444.18 312.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 474.25 312.00 Td (from ) Tj ET Q q 0 0 0 rg BT 491.45 312.00 Td (the ) Tj ET Q q 0 0 0 rg BT 502.75 312.00 Td (T) Tj ET Q q 0 0 0 rg BT 507.35 312.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 520.87 312.00 Td (W) Tj ET Q q 0 0 0 rg BT 527.78 312.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 545.74 312.00 Td (T) Tj ET Q q 0 0 0 rg BT 550.07 312.00 Td (erm ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 302.40 Td (Loan. ) Tj ET Q q 0 0 0 rg BT 69.76 302.40 Td (If ) Tj ET Q q 0 0 0 rg BT 76.91 302.40 Td (the ) Tj ET Q q 0 0 0 rg BT 88.51 302.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.45 302.40 Td (redeems ) Tj ET Q q 0 0 0 rg BT 149.92 302.40 Td (the ) Tj ET Q q 0 0 0 rg BT 161.52 302.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 179.34 302.40 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 199.39 302.40 Td (Rate ) Tj ET Q q 0 0 0 rg BT 215.88 302.40 Td (Notes ) Tj ET Q q 0 0 0 rg BT 236.36 302.40 Td (with ) Tj ET Q q 0 0 0 rg BT 252.41 302.40 Td (the ) Tj ET Q q 0 0 0 rg BT 264.01 302.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 294.26 302.40 Td (from ) Tj ET Q q 0 0 0 rg BT 311.64 302.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.10 302.40 Td (T) Tj ET Q q 0 0 0 rg BT 327.71 302.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 341.40 302.40 Td (W) Tj ET Q q 0 0 0 rg BT 348.31 302.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 366.43 302.40 Td (T) Tj ET Q q 0 0 0 rg BT 370.76 302.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 385.02 302.40 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 405.28 302.40 Td (then ) Tj ET Q q 0 0 0 rg BT 420.88 302.40 Td (the ) Tj ET Q q 0 0 0 rg BT 432.48 302.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 465.41 302.40 Td (intends ) Tj ET Q q 0 0 0 rg BT 490.34 302.40 Td (to ) Tj ET Q q 0 0 0 rg BT 498.39 302.40 Td (use ) Tj ET Q q 0 0 0 rg BT 510.88 302.40 Td (the ) Tj ET Q q 0 0 0 rg BT 522.48 302.40 Td (net ) Tj ET Q q 0 0 0 rg BT 534.07 302.40 Td (proceeds ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 292.80 Td (from ) Tj ET Q q 0 0 0 rg BT 66.91 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 78.55 292.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 106.62 292.80 Td (of ) Tj ET Q q 0 0 0 rg BT 115.14 292.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 137.90 292.80 Td (in ) Tj ET Q q 0 0 0 rg BT 145.99 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 157.63 292.80 Td (Rights ) Tj ET Q q 0 0 0 rg BT 180.38 292.80 Td (Of) Tj ET Q q 0 0 0 rg BT 188.68 292.80 Td (fering, ) Tj ET Q q 0 0 0 rg BT 211.64 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 223.15 292.80 Td (TW) Tj ET Q q 0 0 0 rg BT 235.44 292.80 Td ( ) Tj ET Q q 0 0 0 rg BT 237.30 292.80 Td (Unit ) Tj ET Q q 0 0 0 rg BT 253.39 292.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 277.91 292.80 Td (Placement ) Tj ET Q q 0 0 0 rg BT 313.10 292.80 Td (and ) Tj ET Q q 0 0 0 rg BT 326.51 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 338.15 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 349.78 292.80 Td (Backstop ) Tj ET Q q 0 0 0 rg BT 381.42 292.80 Td (Private ) Tj ET Q q 0 0 0 rg BT 405.94 292.80 Td (Placement, ) Tj ET Q q 0 0 0 rg BT 443.13 292.80 Td (if ) Tj ET Q q 0 0 0 rg BT 449.88 292.80 Td (any) Tj ET Q q 0 0 0 rg BT 460.91 292.80 Td (, ) Tj ET Q q 0 0 0 rg BT 464.77 292.80 Td (to ) Tj ET Q q 0 0 0 rg BT 472.86 292.80 Td (repay ) Tj ET Q q 0 0 0 rg BT 492.49 292.80 Td (in ) Tj ET Q q 0 0 0 rg BT 500.57 292.80 Td (full ) Tj ET Q q 0 0 0 rg BT 513.54 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 525.18 292.80 Td (outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 283.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 78.61 283.20 Td (of ) Tj ET Q q 0 0 0 rg BT 87.27 283.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 117.71 283.20 Td (and ) Tj ET Q q 0 0 0 rg BT 131.26 283.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.80 283.20 Td (under ) Tj ET Q q 0 0 0 rg BT 177.02 283.20 Td (the ) Tj ET Q q 0 0 0 rg BT 188.79 283.20 Td (Refinancing ) Tj ET Q q 0 0 0 rg BT 229.89 283.20 Td (Portion ) Tj ET Q q 0 0 0 rg BT 255.45 283.20 Td (of ) Tj ET Q q 0 0 0 rg BT 264.11 283.20 Td (the ) Tj ET Q q 0 0 0 rg BT 275.74 283.20 Td (T) Tj ET Q q 0 0 0 rg BT 280.07 283.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 294.51 283.20 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 314.95 283.20 Td (as ) Tj ET Q q 0 0 0 rg BT 323.61 283.20 Td (well ) Tj ET Q q 0 0 0 rg BT 339.38 283.20 Td (as ) Tj ET Q q 0 0 0 rg BT 348.05 283.20 Td (related ) Tj ET Q q 0 0 0 rg BT 371.81 283.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 386.69 283.20 Td (and ) Tj ET Q q 0 0 0 rg BT 400.24 283.20 Td (expenses. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 267.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.00 267.60 Td (Rights ) Tj ET Q q 0 0 0 rg BT 86.96 267.60 Td (Of) Tj ET Q q 0 0 0 rg BT 95.26 267.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 116.43 267.60 Td (is ) Tj ET Q q 0 0 0 rg BT 123.83 267.60 Td (subject, ) Tj ET Q q 0 0 0 rg BT 150.56 267.60 Td (among ) Tj ET Q q 0 0 0 rg BT 174.40 267.60 Td (other ) Tj ET Q q 0 0 0 rg BT 192.90 267.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 216.53 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.37 267.60 Td (approval ) Tj ET Q q 0 0 0 rg BT 258.42 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.15 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.99 267.60 Td (Company) Tj ET Q q 0 0 0 rg BT 312.32 267.60 Td (s ) Tj ET Q q 0 0 0 rg BT 317.50 267.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 360.00 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 368.73 267.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 378.35 267.60 Td (an ) Tj ET Q q 0 0 0 rg BT 387.96 267.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 416.23 267.60 Td (in ) Tj ET Q q 0 0 0 rg BT 424.52 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 436.36 267.60 Td (number ) Tj ET Q q 0 0 0 rg BT 462.87 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 471.60 267.60 Td (authorized ) Tj ET Q q 0 0 0 rg BT 507.43 267.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 529.48 267.60 Td (of ) Tj ET Q q 0 0 0 rg BT 538.21 267.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 557.16 267.60 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 267.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 258.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 81.28 258.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 101.50 258.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.05 258.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 126.83 258.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.60 258.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 161.50 258.00 Td (Of) Tj ET Q q 0 0 0 rg BT 169.79 258.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 190.89 258.00 Td (and ) Tj ET Q q 0 0 0 rg BT 204.45 258.00 Td (the ) Tj ET Q q 0 0 0 rg BT 216.22 258.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 245.32 258.00 Td (to ) Tj ET Q q 0 0 0 rg BT 253.40 258.00 Td (T) Tj ET Q q 0 0 0 rg BT 258.00 258.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 271.86 258.00 Td (W) Tj ET Q q 0 0 0 rg BT 278.77 258.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 297.20 258.00 Td (of ) Tj ET Q q 0 0 0 rg BT 305.86 258.00 Td (the ) Tj ET Q q 0 0 0 rg BT 317.49 258.00 Td (TW) Tj ET Q q 0 0 0 rg BT 329.78 258.00 Td ( ) Tj ET Q q 0 0 0 rg BT 331.78 258.00 Td (Initial ) Tj ET Q q 0 0 0 rg BT 352.74 258.00 Td (W) Tj ET Q q 0 0 0 rg BT 359.65 258.00 Td (arrant ) Tj ET Q q 0 0 0 rg BT 380.30 258.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.86 258.00 Td (Unit ) Tj ET Q q 0 0 0 rg BT 409.93 258.00 Td (W) Tj ET Q q 0 0 0 rg BT 416.84 258.00 Td (arrants ) Tj ET Q q 0 0 0 rg BT 440.61 258.00 Td (or) Tj ET Q q 0 0 0 rg BT 446.95 258.00 Td (, ) Tj ET Q q 0 0 0 rg BT 450.95 258.00 Td (alternatively) Tj ET Q q 0 0 0 rg BT 490.41 258.00 Td (, ) Tj ET Q q 0 0 0 rg BT 494.27 258.00 Td (T) Tj ET Q q 0 0 0 rg BT 498.60 258.00 Td (erm ) Tj ET Q q 0 0 0 rg BT 513.04 258.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 531.33 258.00 Td (W) Tj ET Q q 0 0 0 rg BT 538.24 258.00 Td (arrants. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F3 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 763.70 Td (CENTRAL) Tj ET Q q 0 0 0 rg BT 248.68 763.70 Td ( EUROPEAN MEDIA) Tj ET Q q 0 0 0 rg BT 324.68 763.70 Td ( ENTERPRISES L) Tj ET Q q 0 0 0 rg BT 388.86 763.70 Td (TD.) 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Td (the ) Tj ET Q q 0 0 0 rg BT 256.77 658.40 Td (Public ) Tj ET Q q 0 0 0 rg BT 279.39 658.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 312.20 658.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 351.70 658.40 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 385.42 658.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 407.15 658.40 Td (\(United ) Tj ET Q q 0 0 0 rg BT 433.76 658.40 Td (States\). ) Tj ET Q q 0 0 0 rg BT 459.55 658.40 Td (Those ) Tj ET Q q 0 0 0 rg BT 481.28 658.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 513.67 658.40 Td (require ) Tj ET Q q 0 0 0 rg BT 538.50 658.40 Td (that ) Tj ET Q q 0 0 0 rg BT 552.67 658.40 Td (we ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 648.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 65.48 648.80 Td (and ) Tj ET Q q 0 0 0 rg BT 78.73 648.80 Td (perform ) Tj ET Q q 0 0 0 rg BT 106.20 648.80 Td (the ) Tj ET Q q 0 0 0 rg BT 117.68 648.80 Td (audit ) Tj ET Q q 0 0 0 rg BT 135.38 648.80 Td (to ) Tj ET Q q 0 0 0 rg BT 143.30 648.80 Td (obtain ) Tj ET Q q 0 0 0 rg BT 165.00 648.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 200.91 648.80 Td (assurance ) Tj ET Q q 0 0 0 rg BT 233.70 648.80 Td (about ) Tj ET Q q 0 0 0 rg BT 253.18 648.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 280.65 648.80 Td (ef) Tj ET Q q 0 0 0 rg BT 286.72 648.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 310.18 648.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.32 648.80 Td (control ) Tj ET Q q 0 0 0 rg BT 360.68 648.80 Td (over ) Tj ET Q q 0 0 0 rg BT 376.60 648.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 406.29 648.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 437.32 648.80 Td (was ) Tj ET Q q 0 0 0 rg BT 451.46 648.80 Td (maintained ) Tj ET Q q 0 0 0 rg BT 488.71 648.80 Td (in ) Tj ET Q q 0 0 0 rg BT 496.63 648.80 Td (all ) Tj ET Q q 0 0 0 rg BT 506.33 648.80 Td (material ) Tj ET Q q 0 0 0 rg BT 534.24 648.80 Td (respects. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 639.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.04 639.20 Td (audit ) Tj ET Q q 0 0 0 rg BT 81.64 639.20 Td (included ) Tj ET Q q 0 0 0 rg BT 110.79 639.20 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 142.61 639.20 Td (an ) Tj ET Q q 0 0 0 rg BT 151.77 639.20 Td (understanding ) Tj ET Q q 0 0 0 rg BT 198.69 639.20 Td (of ) Tj ET Q q 0 0 0 rg BT 206.96 639.20 Td (internal ) Tj ET Q q 0 0 0 rg BT 233.00 639.20 Td (control ) Tj ET Q q 0 0 0 rg BT 257.26 639.20 Td (over ) Tj ET Q q 0 0 0 rg BT 273.08 639.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.66 639.20 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 335.59 639.20 Td (assessing ) Tj ET Q q 0 0 0 rg BT 366.97 639.20 Td (the ) Tj ET Q q 0 0 0 rg BT 378.35 639.20 Td (risk ) Tj ET Q q 0 0 0 rg BT 391.95 639.20 Td (that ) Tj ET Q q 0 0 0 rg BT 405.55 639.20 Td (a ) Tj ET Q q 0 0 0 rg BT 410.70 639.20 Td (material ) Tj ET Q q 0 0 0 rg BT 438.51 639.20 Td (weakness ) Tj ET Q q 0 0 0 rg BT 470.77 639.20 Td (exists, ) Tj ET Q q 0 0 0 rg BT 492.59 639.20 Td (testing ) Tj ET Q q 0 0 0 rg BT 515.53 639.20 Td (and ) Tj ET Q q 0 0 0 rg BT 528.68 639.20 Td (evaluating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 629.60 Td (the ) Tj ET Q q 0 0 0 rg BT 62.19 629.60 Td (design ) Tj ET Q q 0 0 0 rg BT 85.50 629.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.47 629.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 132.10 629.60 Td (ef) Tj ET Q q 0 0 0 rg BT 138.17 629.60 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 176.13 629.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.21 629.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 212.07 629.60 Td (control ) Tj ET Q q 0 0 0 rg BT 237.15 629.60 Td (based ) Tj ET Q q 0 0 0 rg BT 257.78 629.60 Td (on ) Tj ET Q q 0 0 0 rg BT 268.20 629.60 Td (the ) Tj ET Q q 0 0 0 rg BT 280.40 629.60 Td (assessed ) Tj ET Q q 0 0 0 rg BT 309.92 629.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 326.34 629.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.31 629.60 Td (performing ) Tj ET Q q 0 0 0 rg BT 378.72 629.60 Td (such ) Tj ET Q q 0 0 0 rg BT 395.80 629.60 Td (other ) Tj ET Q q 0 0 0 rg BT 414.66 629.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 452.18 629.60 Td (as ) Tj ET Q q 0 0 0 rg BT 461.26 629.60 Td (we ) Tj ET Q q 0 0 0 rg BT 473.01 629.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 510.08 629.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 543.59 629.60 Td (in ) Tj ET Q q 0 0 0 rg BT 552.24 629.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 620.00 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 99.17 620.00 Td (W) Tj ET Q q 0 0 0 rg BT 106.08 620.00 Td (e ) Tj ET Q q 0 0 0 rg BT 111.63 620.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 136.73 620.00 Td (that ) Tj ET Q q 0 0 0 rg BT 150.72 620.00 Td (our ) Tj ET Q q 0 0 0 rg BT 163.39 620.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 181.38 620.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 210.93 620.00 Td (a ) Tj ET Q q 0 0 0 rg BT 216.48 620.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 252.69 620.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 270.69 620.00 Td (for ) Tj ET Q q 0 0 0 rg BT 282.02 620.00 Td (our ) Tj ET Q q 0 0 0 rg BT 294.68 620.00 Td (opinion. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 604.40 Td (A) Tj ET Q q 0 0 0 rg BT 55.34 604.40 Td ( ) Tj ET Q q 0 0 0 rg BT 56.75 604.40 Td (company's ) Tj ET Q q 0 0 0 rg BT 92.04 604.40 Td (internal ) Tj ET Q q 0 0 0 rg BT 117.88 604.40 Td (control ) Tj ET Q q 0 0 0 rg BT 141.96 604.40 Td (over ) Tj ET Q q 0 0 0 rg BT 157.58 604.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.98 604.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 217.72 604.40 Td (is ) Tj ET Q q 0 0 0 rg BT 224.46 604.40 Td (a ) Tj ET Q q 0 0 0 rg BT 229.43 604.40 Td (process ) Tj ET Q q 0 0 0 rg BT 254.83 604.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 284.68 604.40 Td (by) Tj ET Q q 0 0 0 rg BT 292.16 604.40 Td (, ) Tj ET Q q 0 0 0 rg BT 295.57 604.40 Td (or ) Tj ET Q q 0 0 0 rg BT 303.65 604.40 Td (under ) Tj ET Q q 0 0 0 rg BT 323.28 604.40 Td (the ) Tj ET Q q 0 0 0 rg BT 334.46 604.40 Td (supervision ) Tj ET Q q 0 0 0 rg BT 372.76 604.40 Td (of, ) Tj ET Q q 0 0 0 rg BT 382.84 604.40 Td (the ) Tj ET Q q 0 0 0 rg BT 394.02 604.40 Td (company's ) Tj ET Q q 0 0 0 rg BT 429.31 604.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 459.16 604.40 Td (executive ) Tj ET Q q 0 0 0 rg BT 491.22 604.40 Td (and ) Tj ET Q q 0 0 0 rg BT 504.18 604.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 534.03 604.40 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 594.80 Td (of) Tj ET Q q 0 0 0 rg BT 56.52 594.80 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 78.99 594.80 Td (or ) Tj ET Q q 0 0 0 rg BT 88.36 594.80 Td (persons ) Tj ET Q q 0 0 0 rg BT 115.51 594.80 Td (performing ) Tj ET Q q 0 0 0 rg BT 154.20 594.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 179.13 594.80 Td (functions, ) Tj ET Q q 0 0 0 rg BT 213.61 594.80 Td (and ) Tj ET Q q 0 0 0 rg BT 227.86 594.80 Td (ef) Tj ET Q q 0 0 0 rg BT 233.93 594.80 Td (fected ) Tj ET Q q 0 0 0 rg BT 256.18 594.80 Td (by ) Tj ET Q q 0 0 0 rg BT 266.89 594.80 Td (the ) Tj ET Q q 0 0 0 rg BT 279.37 594.80 Td (company's ) Tj ET Q q 0 0 0 rg BT 315.95 594.80 Td (board ) Tj ET Q q 0 0 0 rg BT 336.87 594.80 Td (of ) Tj ET Q q 0 0 0 rg BT 346.24 594.80 Td (directors, ) Tj ET Q q 0 0 0 rg BT 378.94 594.80 Td (management, ) Tj ET Q q 0 0 0 rg BT 424.51 594.80 Td (and ) Tj ET Q q 0 0 0 rg BT 438.77 594.80 Td (other ) Tj ET Q q 0 0 0 rg BT 457.91 594.80 Td (personnel ) Tj ET Q q 0 0 0 rg BT 491.72 594.80 Td (to ) Tj ET Q q 0 0 0 rg BT 500.65 594.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 527.79 594.80 Td (reasonable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 585.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 83.17 585.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 115.90 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 127.75 585.20 Td (reliability ) Tj ET Q q 0 0 0 rg BT 160.93 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 169.68 585.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.74 585.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 231.14 585.20 Td (and ) Tj ET Q q 0 0 0 rg BT 244.77 585.20 Td (the ) Tj ET Q q 0 0 0 rg BT 256.62 585.20 Td (preparation ) Tj ET Q q 0 0 0 rg BT 295.13 585.20 Td (of ) Tj ET Q q 0 0 0 rg BT 303.87 585.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 333.93 585.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 369.78 585.20 Td (for ) Tj ET Q q 0 0 0 rg BT 381.18 585.20 Td (external ) Tj ET Q q 0 0 0 rg BT 409.02 585.20 Td (purposes ) Tj ET Q q 0 0 0 rg BT 439.54 585.20 Td (in ) Tj ET Q q 0 0 0 rg BT 447.84 585.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 485.89 585.20 Td (with ) Tj ET Q q 0 0 0 rg BT 502.19 585.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 534.03 585.20 Td (accepted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 575.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 87.04 575.60 Td (principles. ) Tj ET Q q 0 0 0 rg BT 122.10 575.60 Td (A) Tj ET Q q 0 0 0 rg BT 127.43 575.60 Td ( ) Tj ET Q q 0 0 0 rg BT 129.37 575.60 Td (company's ) Tj ET Q q 0 0 0 rg BT 165.19 575.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 191.56 575.60 Td (control ) Tj ET Q q 0 0 0 rg BT 216.16 575.60 Td (over ) Tj ET Q q 0 0 0 rg BT 232.32 575.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.24 575.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 293.50 575.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 322.10 575.60 Td (those ) Tj ET Q q 0 0 0 rg BT 340.93 575.60 Td (policies ) Tj ET Q q 0 0 0 rg BT 367.75 575.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.24 575.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 418.27 575.60 Td (that ) Tj ET Q q 0 0 0 rg BT 432.21 575.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 443.48 575.60 Td (pertain ) Tj ET Q q 0 0 0 rg BT 467.63 575.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.79 575.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.50 575.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 529.86 575.60 Td (of ) Tj ET Q q 0 0 0 rg BT 538.47 575.60 Td (records ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 566.00 Td (that, ) Tj ET Q q 0 0 0 rg BT 65.11 566.00 Td (in ) Tj ET Q q 0 0 0 rg BT 72.44 566.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 107.75 566.00 Td (detail, ) Tj ET Q q 0 0 0 rg BT 128.63 566.00 Td (accurately ) Tj ET Q q 0 0 0 rg BT 162.61 566.00 Td (and ) Tj ET Q q 0 0 0 rg BT 175.27 566.00 Td (fairly ) Tj ET Q q 0 0 0 rg BT 193.70 566.00 Td (reflect ) Tj ET Q q 0 0 0 rg BT 215.24 566.00 Td (the ) Tj ET Q q 0 0 0 rg BT 226.12 566.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 265.44 566.00 Td (and ) Tj ET Q q 0 0 0 rg BT 278.10 566.00 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 317.45 566.00 Td (of ) Tj ET Q q 0 0 0 rg BT 325.22 566.00 Td (the ) Tj ET Q q 0 0 0 rg BT 336.10 566.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.88 566.00 Td (of ) Tj ET Q q 0 0 0 rg BT 363.65 566.00 Td (the ) Tj ET Q q 0 0 0 rg BT 374.54 566.00 Td (company; ) Tj ET Q q 0 0 0 rg BT 407.19 566.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 417.63 566.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 443.18 566.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 478.49 566.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 510.70 566.00 Td (that ) Tj ET Q q 0 0 0 rg BT 523.80 566.00 Td (transactions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 556.40 Td (are ) Tj ET Q q 0 0 0 rg BT 62.85 556.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 93.92 556.40 Td (as ) Tj ET Q q 0 0 0 rg BT 103.68 556.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 137.86 556.40 Td (to ) Tj ET Q q 0 0 0 rg BT 147.17 556.40 Td (permit ) Tj ET Q q 0 0 0 rg BT 171.14 556.40 Td (preparation ) Tj ET Q q 0 0 0 rg BT 210.66 556.40 Td (of ) Tj ET Q q 0 0 0 rg BT 220.41 556.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.48 556.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 288.34 556.40 Td (in ) Tj ET Q q 0 0 0 rg BT 297.65 556.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 336.71 556.40 Td (with ) Tj ET Q q 0 0 0 rg BT 354.02 556.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 386.87 556.40 Td (accepted ) Tj ET Q q 0 0 0 rg BT 417.94 556.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 456.13 556.40 Td (principles, ) Tj ET Q q 0 0 0 rg BT 492.76 556.40 Td (and ) Tj ET Q q 0 0 0 rg BT 507.40 556.40 Td (that ) Tj ET Q q 0 0 0 rg BT 522.49 556.40 Td (receipts ) Tj ET Q q 0 0 0 rg BT 550.45 556.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 546.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 93.15 546.80 Td (of ) Tj ET Q q 0 0 0 rg BT 102.08 546.80 Td (the ) Tj ET Q q 0 0 0 rg BT 114.13 546.80 Td (company ) Tj ET Q q 0 0 0 rg BT 145.72 546.80 Td (are ) Tj ET Q q 0 0 0 rg BT 157.76 546.80 Td (being ) Tj ET Q q 0 0 0 rg BT 177.80 546.80 Td (made ) Tj ET Q q 0 0 0 rg BT 197.40 546.80 Td (only ) Tj ET Q q 0 0 0 rg BT 213.89 546.80 Td (in ) Tj ET Q q 0 0 0 rg BT 222.39 546.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 260.63 546.80 Td (with ) Tj ET Q q 0 0 0 rg BT 277.12 546.80 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 324.71 546.80 Td (of ) Tj ET Q q 0 0 0 rg BT 333.65 546.80 Td (management ) Tj ET Q q 0 0 0 rg BT 376.79 546.80 Td (and ) Tj ET Q q 0 0 0 rg BT 390.62 546.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 420.88 546.80 Td (of ) Tj ET Q q 0 0 0 rg BT 429.81 546.80 Td (the ) Tj ET Q q 0 0 0 rg BT 441.86 546.80 Td (company; ) Tj ET Q q 0 0 0 rg BT 475.67 546.80 Td (and ) Tj ET Q q 0 0 0 rg BT 489.50 546.80 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 501.10 546.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 527.80 546.80 Td (reasonable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 537.20 Td (assurance ) Tj ET Q q 0 0 0 rg BT 82.84 537.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 115.24 537.20 Td (prevention ) Tj ET Q q 0 0 0 rg BT 151.20 537.20 Td (or ) Tj ET Q q 0 0 0 rg BT 159.61 537.20 Td (timely ) Tj ET Q q 0 0 0 rg BT 181.80 537.20 Td (detection ) Tj ET Q q 0 0 0 rg BT 212.87 537.20 Td (of ) Tj ET Q q 0 0 0 rg BT 221.28 537.20 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 264.79 537.20 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 303.65 537.20 Td (use, ) Tj ET Q q 0 0 0 rg BT 318.06 537.20 Td (or ) Tj ET Q q 0 0 0 rg BT 326.47 537.20 Td (disposition ) Tj ET Q q 0 0 0 rg BT 363.34 537.20 Td (of ) Tj ET Q q 0 0 0 rg BT 371.75 537.20 Td (the ) Tj ET Q q 0 0 0 rg BT 383.27 537.20 Td (company's ) Tj ET Q q 0 0 0 rg BT 418.90 537.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 439.31 537.20 Td (that ) Tj ET Q q 0 0 0 rg BT 453.05 537.20 Td (could ) Tj ET Q q 0 0 0 rg BT 472.57 537.20 Td (have ) Tj ET Q q 0 0 0 rg BT 489.42 537.20 Td (a ) Tj ET Q q 0 0 0 rg BT 494.72 537.20 Td (material ) Tj ET Q q 0 0 0 rg BT 522.68 537.20 Td (ef) Tj ET Q q 0 0 0 rg BT 528.75 537.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 542.48 537.20 Td (on ) Tj ET Q q 0 0 0 rg BT 552.23 537.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 527.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.98 527.60 Td (statements. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 512.00 Td (Because ) Tj ET Q q 0 0 0 rg BT 78.27 512.00 Td (of ) Tj ET Q q 0 0 0 rg BT 86.55 512.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.94 512.00 Td (inherent ) Tj ET Q q 0 0 0 rg BT 125.76 512.00 Td (limitations ) Tj ET Q q 0 0 0 rg BT 161.60 512.00 Td (of ) Tj ET Q q 0 0 0 rg BT 169.88 512.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 195.93 512.00 Td (control ) Tj ET Q q 0 0 0 rg BT 220.20 512.00 Td (over ) Tj ET Q q 0 0 0 rg BT 236.03 512.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 265.63 512.00 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 298.57 512.00 Td (including ) Tj ET Q q 0 0 0 rg BT 330.41 512.00 Td (the ) Tj ET Q q 0 0 0 rg BT 341.79 512.00 Td (possibility ) Tj ET Q q 0 0 0 rg BT 376.75 512.00 Td (of ) Tj ET Q q 0 0 0 rg BT 385.03 512.00 Td (collusion ) Tj ET Q q 0 0 0 rg BT 415.98 512.00 Td (or ) Tj ET Q q 0 0 0 rg BT 424.26 512.00 Td (improper ) Tj ET Q q 0 0 0 rg BT 455.20 512.00 Td (management ) Tj ET Q q 0 0 0 rg BT 497.68 512.00 Td (override ) Tj ET Q q 0 0 0 rg BT 525.95 512.00 Td (of ) Tj ET Q q 0 0 0 rg BT 534.23 512.00 Td (controls, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 502.40 Td (material ) Tj ET Q q 0 0 0 rg BT 78.48 502.40 Td (misstatements ) Tj ET Q q 0 0 0 rg BT 126.08 502.40 Td (due ) Tj ET Q q 0 0 0 rg BT 139.90 502.40 Td (to ) Tj ET Q q 0 0 0 rg BT 148.39 502.40 Td (error ) Tj ET Q q 0 0 0 rg BT 166.20 502.40 Td (or ) Tj ET Q q 0 0 0 rg BT 175.14 502.40 Td (fraud ) Tj ET Q q 0 0 0 rg BT 194.29 502.40 Td (may ) Tj ET Q q 0 0 0 rg BT 210.33 502.40 Td (not ) Tj ET Q q 0 0 0 rg BT 222.83 502.40 Td (be ) Tj ET Q q 0 0 0 rg BT 232.65 502.40 Td (prevented ) Tj ET Q q 0 0 0 rg BT 266.46 502.40 Td (or ) Tj ET Q q 0 0 0 rg BT 275.39 502.40 Td (detected ) Tj ET Q q 0 0 0 rg BT 304.31 502.40 Td (on ) Tj ET Q q 0 0 0 rg BT 314.58 502.40 Td (a ) Tj ET Q q 0 0 0 rg BT 320.40 502.40 Td (timely ) Tj ET Q q 0 0 0 rg BT 343.11 502.40 Td (basis. ) Tj ET Q q 0 0 0 rg BT 362.88 502.40 Td (Also, ) Tj ET Q q 0 0 0 rg BT 382.27 502.40 Td (projections ) Tj ET Q q 0 0 0 rg BT 420.08 502.40 Td (of ) Tj ET Q q 0 0 0 rg BT 429.02 502.40 Td (any ) Tj ET Q q 0 0 0 rg BT 442.84 502.40 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 478.43 502.40 Td (of ) Tj ET Q q 0 0 0 rg BT 487.37 502.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.41 502.40 Td (ef) Tj ET Q q 0 0 0 rg BT 505.48 502.40 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 543.29 502.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 502.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.80 Td (internal ) Tj ET Q q 0 0 0 rg BT 76.25 492.80 Td (control ) Tj ET Q q 0 0 0 rg BT 100.72 492.80 Td (over ) Tj ET Q q 0 0 0 rg BT 116.74 492.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 146.54 492.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 177.67 492.80 Td (to ) Tj ET Q q 0 0 0 rg BT 185.71 492.80 Td (future ) Tj ET Q q 0 0 0 rg BT 206.62 492.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 231.98 492.80 Td (are ) Tj ET Q q 0 0 0 rg BT 243.56 492.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 268.03 492.80 Td (to ) Tj ET Q q 0 0 0 rg BT 276.07 492.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.65 492.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 301.46 492.80 Td (that ) Tj ET Q q 0 0 0 rg BT 315.27 492.80 Td (the ) Tj ET Q q 0 0 0 rg BT 326.86 492.80 Td (controls ) Tj ET Q q 0 0 0 rg BT 354.44 492.80 Td (may ) Tj ET Q q 0 0 0 rg BT 370.03 492.80 Td (become ) Tj ET Q q 0 0 0 rg BT 396.71 492.80 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 433.17 492.80 Td (because ) Tj ET Q q 0 0 0 rg BT 460.30 492.80 Td (of ) Tj ET Q q 0 0 0 rg BT 468.78 492.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 496.35 492.80 Td (in ) Tj ET Q q 0 0 0 rg BT 504.39 492.80 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 541.53 492.80 Td (or ) Tj ET Q q 0 0 0 rg BT 550.01 492.80 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 483.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 483.20 Td (degree ) Tj ET Q q 0 0 0 rg BT 85.09 483.20 Td (of ) Tj ET Q q 0 0 0 rg BT 93.75 483.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 132.63 483.20 Td (with ) Tj ET Q q 0 0 0 rg BT 148.85 483.20 Td (the ) Tj ET Q q 0 0 0 rg BT 160.62 483.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 187.50 483.20 Td (or ) Tj ET Q q 0 0 0 rg BT 196.17 483.20 Td (procedures ) Tj ET Q q 0 0 0 rg BT 233.26 483.20 Td (may ) Tj ET Q q 0 0 0 rg BT 249.04 483.20 Td (deteriorate. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.60 Td (In ) Tj ET Q q 0 0 0 rg BT 58.43 467.60 Td (our ) Tj ET Q q 0 0 0 rg BT 70.86 467.60 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 99.06 467.60 Td (the ) Tj ET Q q 0 0 0 rg BT 110.60 467.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 143.47 467.60 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 182.78 467.60 Td (in ) Tj ET Q q 0 0 0 rg BT 190.77 467.60 Td (all ) Tj ET Q q 0 0 0 rg BT 200.53 467.60 Td (material ) Tj ET Q q 0 0 0 rg BT 228.50 467.60 Td (respects, ) Tj ET Q q 0 0 0 rg BT 258.03 467.60 Td (ef) Tj ET Q q 0 0 0 rg BT 264.10 467.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 287.62 467.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 313.82 467.60 Td (control ) Tj ET Q q 0 0 0 rg BT 338.24 467.60 Td (over ) Tj ET Q q 0 0 0 rg BT 354.22 467.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.97 467.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 415.06 467.60 Td (as ) Tj ET Q q 0 0 0 rg BT 423.49 467.60 Td (of ) Tj ET Q q 0 0 0 rg BT 431.91 467.60 Td (December ) Tj ET Q q 0 0 0 rg BT 466.54 467.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 478.31 467.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 498.07 467.60 Td (based ) Tj ET Q q 0 0 0 rg BT 518.05 467.60 Td (on ) Tj ET Q q 0 0 0 rg BT 527.81 467.60 Td (the ) Tj ET Q q 0 0 0 rg BT 539.35 467.60 Td (criteria ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 458.00 Td (established ) Tj ET Q q 0 0 0 rg BT 87.55 458.00 Td (in ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 95.77 458.00 Td (Internal ) Tj ET Q q 0 0 0 rg BT 123.54 458.00 Td (Contr) Tj ET Q q 0 0 0 rg BT 141.92 458.00 Td (ol ) Tj ET Q q 0 0 0 rg BT 150.14 458.00 Td (- ) Tj ET Q q 0 0 0 rg BT 154.80 458.00 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 190.13 458.00 Td (Framework ) Tj ET Q q 0 0 0 rg BT 229.46 458.00 Td (\(1992\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.79 458.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.79 458.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 274.79 458.00 Td (by ) Tj ET Q q 0 0 0 rg BT 284.79 458.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.56 458.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 334.11 458.00 Td (of ) Tj ET Q q 0 0 0 rg BT 342.77 458.00 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 381.22 458.00 Td (Or) Tj ET Q q 0 0 0 rg BT 389.52 458.00 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 427.95 458.00 Td (of ) Tj ET Q q 0 0 0 rg BT 436.62 458.00 Td (the ) Tj ET Q q 0 0 0 rg BT 448.25 458.00 Td (T) Tj ET Q q 0 0 0 rg BT 452.85 458.00 Td (readway ) Tj ET Q q 0 0 0 rg BT 481.95 458.00 Td (Commission.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 442.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 442.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.15 442.40 Td (have ) Tj ET Q q 0 0 0 rg BT 78.93 442.40 Td (also ) Tj ET Q q 0 0 0 rg BT 93.51 442.40 Td (audited, ) Tj ET Q q 0 0 0 rg BT 120.74 442.40 Td (in ) Tj ET Q q 0 0 0 rg BT 128.65 442.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 166.30 442.40 Td (with ) Tj ET Q q 0 0 0 rg BT 182.21 442.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.67 442.40 Td (standards ) Tj ET Q q 0 0 0 rg BT 225.57 442.40 Td (of ) Tj ET Q q 0 0 0 rg BT 233.92 442.40 Td (the ) Tj ET Q q 0 0 0 rg BT 245.38 442.40 Td (Public ) Tj ET Q q 0 0 0 rg BT 267.51 442.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.93 442.40 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 338.94 442.40 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 372.18 442.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 393.41 442.40 Td (\(United ) Tj ET Q q 0 0 0 rg BT 419.54 442.40 Td (States\), ) Tj ET Q q 0 0 0 rg BT 445.00 442.40 Td (the ) Tj ET Q q 0 0 0 rg BT 456.45 442.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 498.57 442.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.24 442.40 Td (statements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 432.80 Td (and ) Tj ET Q q 0 0 0 rg BT 63.13 432.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 92.70 432.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 124.93 432.80 Td (schedule ) Tj ET Q q 0 0 0 rg BT 154.50 432.80 Td (as ) Tj ET Q q 0 0 0 rg BT 162.75 432.80 Td (of ) Tj ET Q q 0 0 0 rg BT 170.99 432.80 Td (and ) Tj ET Q q 0 0 0 rg BT 184.13 432.80 Td (for ) Tj ET Q q 0 0 0 rg BT 195.04 432.80 Td (the ) Tj ET Q q 0 0 0 rg BT 206.39 432.80 Td (year ) Tj ET Q q 0 0 0 rg BT 221.74 432.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 242.42 432.80 Td (December ) Tj ET Q q 0 0 0 rg BT 276.87 432.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 288.45 432.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 306.03 432.80 Td (of ) Tj ET Q q 0 0 0 rg BT 314.27 432.80 Td (the ) Tj ET Q q 0 0 0 rg BT 325.63 432.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 358.32 432.80 Td (and ) Tj ET Q q 0 0 0 rg BT 371.45 432.80 Td (our ) Tj ET Q q 0 0 0 rg BT 383.70 432.80 Td (report ) Tj ET Q q 0 0 0 rg BT 404.38 432.80 Td (dated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.28 432.80 Td (February28, ) Tj ET Q q 0 0 0 rg BT 465.74 432.80 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.74 432.80 Td ( ) Tj ET Q q 0 0 0 rg BT 483.33 432.80 Td (expressed ) Tj ET Q q 0 0 0 rg BT 516.45 432.80 Td (an ) Tj ET Q q 0 0 0 rg BT 525.58 432.80 Td (unqualified ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 423.20 Td (opinion ) Tj ET Q q 0 0 0 rg BT 76.51 423.20 Td (on ) Tj ET Q q 0 0 0 rg BT 86.58 423.20 Td (those ) Tj ET Q q 0 0 0 rg BT 105.53 423.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.58 423.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 171.42 423.20 Td (and ) Tj ET Q q 0 0 0 rg BT 185.04 423.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.09 423.20 Td (statement ) Tj ET Q q 0 0 0 rg BT 247.81 423.20 Td (schedule ) Tj ET Q q 0 0 0 rg BT 277.86 423.20 Td (and ) Tj ET Q q 0 0 0 rg BT 291.48 423.20 Td (included ) Tj ET Q q 0 0 0 rg BT 321.09 423.20 Td (an ) Tj ET Q q 0 0 0 rg BT 330.71 423.20 Td (explanatory ) Tj ET Q q 0 0 0 rg BT 370.54 423.20 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 404.59 423.20 Td (regarding ) Tj ET Q q 0 0 0 rg BT 437.30 423.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 473.59 423.20 Td (doubt ) Tj ET Q q 0 0 0 rg BT 493.88 423.20 Td (about ) Tj ET Q q 0 0 0 rg BT 513.72 423.20 Td (the ) Tj ET Q q 0 0 0 rg BT 525.56 423.20 Td (Company) Tj ET Q q 0 0 0 rg BT 558.89 423.20 Td (s ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 413.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 72.44 413.60 Td (to ) Tj ET Q q 0 0 0 rg BT 80.66 413.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 110.21 413.60 Td (as ) Tj ET Q q 0 0 0 rg BT 118.88 413.60 Td (a ) Tj ET Q q 0 0 0 rg BT 124.43 413.60 Td (going ) Tj ET Q q 0 0 0 rg BT 144.65 413.60 Td (concern.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 394.40 Td (DELOITTE LLP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.80 Td (London, United Kingdom) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.20 Td (February28, 2014) Tj ET Q BT /F2 8.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (92) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (ITEM 9B. ) Tj ET Q q 0 0 0 rg BT 95.00 731.60 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 164.41 731.60 Td (TION) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 716.00 Td (None.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 684.80 Td (P) Tj ET Q q 0 0 0 rg BT 54.29 684.80 Td (AR) Tj ET Q q 0 0 0 rg BT 65.57 684.80 Td (T) Tj ET Q q 0 0 0 rg BT 70.76 684.80 Td ( III) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 663.20 Td (ITEM 10. ) Tj ET Q q 0 0 0 rg BT 95.00 663.20 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 125.97 663.20 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 238.00 663.20 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 297.18 663.20 Td (TE GOVERNANCE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 644.60 Td (Dir) Tj ET Q q 0 0 0 rg BT 61.41 644.60 Td (ector) Tj ET Q q 0 0 0 rg BT 78.58 644.60 Td ( ) Tj ET Q q 0 0 0 rg BT 80.58 644.60 Td (Nominees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 629.00 Td (Directors ) Tj ET Q q 0 0 0 rg BT 81.77 629.00 Td (are ) Tj ET Q q 0 0 0 rg BT 93.53 629.00 Td (elected ) Tj ET Q q 0 0 0 rg BT 118.18 629.00 Td (to ) Tj ET Q q 0 0 0 rg BT 126.40 629.00 Td (serve ) Tj ET Q q 0 0 0 rg BT 145.28 629.00 Td (until ) Tj ET Q q 0 0 0 rg BT 161.95 629.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.72 629.00 Td (next ) Tj ET Q q 0 0 0 rg BT 189.50 629.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 212.82 629.00 Td (general ) Tj ET Q q 0 0 0 rg BT 238.36 629.00 Td (meeting ) Tj ET Q q 0 0 0 rg BT 266.13 629.00 Td (of ) Tj ET Q q 0 0 0 rg BT 274.79 629.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 317.22 629.00 Td (or ) Tj ET Q q 0 0 0 rg BT 325.89 629.00 Td (until ) Tj ET Q q 0 0 0 rg BT 342.55 629.00 Td (their ) Tj ET Q q 0 0 0 rg BT 359.21 629.00 Td (successors ) Tj ET Q q 0 0 0 rg BT 394.98 629.00 Td (are ) Tj ET Q q 0 0 0 rg BT 406.75 629.00 Td (elected.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 613.40 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 75.47 613.40 Td (S. ) Tj ET Q q 0 0 0 rg BT 83.84 613.40 Td (Lauder) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 106.95 613.40 Td (, ) Tj ET Q q 0 0 0 rg BT 111.32 613.40 Td (70, ) Tj ET Q q 0 0 0 rg BT 123.68 613.40 Td (one ) Tj ET Q q 0 0 0 rg BT 137.59 613.40 Td (of ) Tj ET Q q 0 0 0 rg BT 146.62 613.40 Td (our ) Tj ET Q q 0 0 0 rg BT 159.65 613.40 Td (founders, ) Tj ET Q q 0 0 0 rg BT 192.01 613.40 Td (has ) Tj ET Q q 0 0 0 rg BT 205.04 613.40 Td (served ) Tj ET Q q 0 0 0 rg BT 228.28 613.40 Td (as ) Tj ET Q q 0 0 0 rg BT 237.31 613.40 Td (our ) Tj ET Q q 0 0 0 rg BT 250.34 613.40 Td (non-executive ) Tj ET Q q 0 0 0 rg BT 298.01 613.40 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 331.92 613.40 Td (of ) Tj ET Q q 0 0 0 rg BT 340.95 613.40 Td (the ) Tj ET Q q 0 0 0 rg BT 353.09 613.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 375.00 613.40 Td (since ) Tj ET Q q 0 0 0 rg BT 393.81 613.40 Td (our ) Tj ET Q q 0 0 0 rg BT 406.83 613.40 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 452.30 613.40 Td (in ) Tj ET Q q 0 0 0 rg BT 460.88 613.40 Td (1994. ) Tj ET Q q 0 0 0 rg BT 481.25 613.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 490.58 613.40 Td (. ) Tj ET Q q 0 0 0 rg BT 494.95 613.40 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 519.96 613.40 Td (is ) Tj ET Q q 0 0 0 rg BT 527.67 613.40 Td (a ) Tj ET Q q 0 0 0 rg BT 533.58 613.40 Td (principal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 89.36 603.80 Td (of ) Tj ET Q q 0 0 0 rg BT 97.91 603.80 Td (The ) Tj ET Q q 0 0 0 rg BT 112.39 603.80 Td (Este ) Tj ET Q q 0 0 0 rg BT 131.75 603.80 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 156.44 603.80 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 196.48 603.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 210.73 603.80 Td (\(Este ) Tj ET Q q 0 0 0 rg BT 236.31 603.80 Td (Lauder\) ) Tj ET Q q 0 0 0 rg BT 267.22 603.80 Td (and ) Tj ET Q q 0 0 0 rg BT 280.81 603.80 Td (has ) Tj ET Q q 0 0 0 rg BT 293.51 603.80 Td (served ) Tj ET Q q 0 0 0 rg BT 316.43 603.80 Td (as ) Tj ET Q q 0 0 0 rg BT 325.13 603.80 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 358.72 603.80 Td (of ) Tj ET Q q 0 0 0 rg BT 367.42 603.80 Td (Clinique ) Tj ET Q q 0 0 0 rg BT 397.01 603.80 Td (Laboratories, ) Tj ET Q q 0 0 0 rg BT 441.48 603.80 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 457.73 603.80 Td (a ) Tj ET Q q 0 0 0 rg BT 463.32 603.80 Td (division ) Tj ET Q q 0 0 0 rg BT 491.14 603.80 Td (of ) Tj ET Q q 0 0 0 rg BT 499.84 603.80 Td (Este ) Tj ET Q q 0 0 0 rg BT 519.21 603.80 Td (Lauder) Tj ET Q q 0 0 0 rg BT 541.54 603.80 Td (, ) Tj ET Q q 0 0 0 rg BT 545.58 603.80 Td (since ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 594.20 Td (returning ) Tj ET Q q 0 0 0 rg BT 81.63 594.20 Td (to ) Tj ET Q q 0 0 0 rg BT 90.15 594.20 Td (the ) Tj ET Q q 0 0 0 rg BT 102.23 594.20 Td (private ) Tj ET Q q 0 0 0 rg BT 126.75 594.20 Td (sector ) Tj ET Q q 0 0 0 rg BT 148.15 594.20 Td (from ) Tj ET Q q 0 0 0 rg BT 166.01 594.20 Td (government ) Tj ET Q q 0 0 0 rg BT 206.52 594.20 Td (service ) Tj ET Q q 0 0 0 rg BT 231.48 594.20 Td (in ) Tj ET Q q 0 0 0 rg BT 240.00 594.20 Td (1987. ) Tj ET Q q 0 0 0 rg BT 260.31 594.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 269.64 594.20 Td (. ) Tj ET Q q 0 0 0 rg BT 273.95 594.20 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 298.90 594.20 Td (was ) Tj ET Q q 0 0 0 rg BT 313.65 594.20 Td (a ) Tj ET Q q 0 0 0 rg BT 319.50 594.20 Td (Director ) Tj ET Q q 0 0 0 rg BT 348.46 594.20 Td (of ) Tj ET Q q 0 0 0 rg BT 357.43 594.20 Td (Este ) Tj ET Q q 0 0 0 rg BT 377.05 594.20 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 402.01 594.20 Td (from ) Tj ET Q q 0 0 0 rg BT 419.86 594.20 Td (1988 ) Tj ET Q q 0 0 0 rg BT 438.17 594.20 Td (until ) Tj ET Q q 0 0 0 rg BT 455.14 594.20 Td (2009. ) Tj ET Q q 0 0 0 rg BT 475.44 594.20 Td (From ) Tj ET Q q 0 0 0 rg BT 495.08 594.20 Td (1986 ) Tj ET Q q 0 0 0 rg BT 513.39 594.20 Td (until ) Tj ET Q q 0 0 0 rg BT 530.36 594.20 Td (1987, ) Tj ET Q q 0 0 0 rg BT 550.66 594.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 560.00 594.20 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 584.60 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 74.54 584.60 Td (served ) Tj ET Q q 0 0 0 rg BT 97.30 584.60 Td (as ) Tj ET Q q 0 0 0 rg BT 105.85 584.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 121.54 584.60 Td (Ambassador ) Tj ET Q q 0 0 0 rg BT 163.42 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.11 584.60 Td (Austria. ) Tj ET Q q 0 0 0 rg BT 198.54 584.60 Td (From ) Tj ET Q q 0 0 0 rg BT 217.76 584.60 Td (1983 ) Tj ET Q q 0 0 0 rg BT 235.65 584.60 Td (to ) Tj ET Q q 0 0 0 rg BT 243.75 584.60 Td (1986, ) Tj ET Q q 0 0 0 rg BT 263.64 584.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 272.97 584.60 Td (. ) Tj ET Q q 0 0 0 rg BT 276.86 584.60 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 301.39 584.60 Td (served ) Tj ET Q q 0 0 0 rg BT 324.16 584.60 Td (as ) Tj ET Q q 0 0 0 rg BT 332.70 584.60 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 357.72 584.60 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 388.94 584.60 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 421.03 584.60 Td (of ) Tj ET Q q 0 0 0 rg BT 429.58 584.60 Td (Defense ) Tj ET Q q 0 0 0 rg BT 457.67 584.60 Td (for ) Tj ET Q q 0 0 0 rg BT 468.88 584.60 Td (European ) Tj ET Q q 0 0 0 rg BT 501.42 584.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.85 584.60 Td (NA) Tj ET Q q 0 0 0 rg BT 525.52 584.60 Td (T) Tj ET Q q 0 0 0 rg BT 530.26 584.60 Td (O ) Tj ET Q q 0 0 0 rg BT 537.51 584.60 Td (Af) Tj ET Q q 0 0 0 rg BT 545.80 584.60 Td (fairs. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (He ) Tj ET Q q 0 0 0 rg BT 60.69 575.00 Td (is ) Tj ET Q q 0 0 0 rg BT 67.38 575.00 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 100.28 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 108.30 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.44 575.00 Td (Jewish ) Tj ET Q q 0 0 0 rg BT 142.57 575.00 Td (National ) Tj ET Q q 0 0 0 rg BT 171.47 575.00 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 191.28 575.00 Td (former ) Tj ET Q q 0 0 0 rg BT 214.40 575.00 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 247.31 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 255.33 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.46 575.00 Td (Council ) Tj ET Q q 0 0 0 rg BT 293.15 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 301.17 575.00 Td (Presidents ) Tj ET Q q 0 0 0 rg BT 335.42 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 343.14 575.00 Td (American ) Tj ET Q q 0 0 0 rg BT 376.03 575.00 Td (Jewish ) Tj ET Q q 0 0 0 rg BT 399.17 575.00 Td (Or) Tj ET Q q 0 0 0 rg BT 407.47 575.00 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 447.26 575.00 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 480.16 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 488.18 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 499.31 575.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 520.22 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 528.24 575.00 Td (Governors ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 565.40 Td (of ) Tj ET Q q 0 0 0 rg BT 59.13 565.40 Td (the ) Tj ET Q q 0 0 0 rg BT 71.37 565.40 Td (Joseph ) Tj ET Q q 0 0 0 rg BT 95.62 565.40 Td (H. ) Tj ET Q q 0 0 0 rg BT 105.86 565.40 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 130.98 565.40 Td (Institute ) Tj ET Q q 0 0 0 rg BT 159.67 565.40 Td (of ) Tj ET Q q 0 0 0 rg BT 168.80 565.40 Td (Management ) Tj ET Q q 0 0 0 rg BT 213.03 565.40 Td (and ) Tj ET Q q 0 0 0 rg BT 227.05 565.40 Td (International ) Tj ET Q q 0 0 0 rg BT 270.39 565.40 Td (Studies ) Tj ET Q q 0 0 0 rg BT 296.42 565.40 Td (at ) Tj ET Q q 0 0 0 rg BT 304.66 565.40 Td (the ) Tj ET Q q 0 0 0 rg BT 316.90 565.40 Td (University ) Tj ET Q q 0 0 0 rg BT 353.14 565.40 Td (of ) Tj ET Q q 0 0 0 rg BT 362.27 565.40 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 407.40 565.40 Td (and ) Tj ET Q q 0 0 0 rg BT 421.42 565.40 Td (a ) Tj ET Q q 0 0 0 rg BT 427.44 565.40 Td (member ) Tj ET Q q 0 0 0 rg BT 456.11 565.40 Td (of ) Tj ET Q q 0 0 0 rg BT 465.25 565.40 Td (the ) Tj ET Q q 0 0 0 rg BT 477.31 565.40 Td (V) Tj ET Q q 0 0 0 rg BT 482.61 565.40 Td (isiting ) Tj ET Q q 0 0 0 rg BT 505.08 565.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 543.10 565.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.23 565.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 555.80 Td (Wharton ) Tj ET Q q 0 0 0 rg BT 80.77 555.80 Td (School ) Tj ET Q q 0 0 0 rg BT 105.77 555.80 Td (of ) Tj ET Q q 0 0 0 rg BT 115.22 555.80 Td (the ) Tj ET Q q 0 0 0 rg BT 127.77 555.80 Td (University ) Tj ET Q q 0 0 0 rg BT 164.32 555.80 Td (of ) Tj ET Q q 0 0 0 rg BT 173.77 555.80 Td (Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 221.21 555.80 Td (In ) Tj ET Q q 0 0 0 rg BT 230.65 555.80 Td (June ) Tj ET Q q 0 0 0 rg BT 248.10 555.80 Td (2007, ) Tj ET Q q 0 0 0 rg BT 268.88 555.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 278.21 555.80 Td (. ) Tj ET Q q 0 0 0 rg BT 282.99 555.80 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 308.43 555.80 Td (was ) Tj ET Q q 0 0 0 rg BT 323.65 555.80 Td (elected ) Tj ET Q q 0 0 0 rg BT 349.08 555.80 Td (President ) Tj ET Q q 0 0 0 rg BT 381.63 555.80 Td (of ) Tj ET Q q 0 0 0 rg BT 391.07 555.80 Td (the ) Tj ET Q q 0 0 0 rg BT 403.43 555.80 Td (W) Tj ET Q q 0 0 0 rg BT 410.34 555.80 Td (orld ) Tj ET Q q 0 0 0 rg BT 426.00 555.80 Td (Jewish ) Tj ET Q q 0 0 0 rg BT 450.56 555.80 Td (Congress. ) Tj ET Q q 0 0 0 rg BT 485.12 555.80 Td (He ) Tj ET Q q 0 0 0 rg BT 497.23 555.80 Td (received ) Tj ET Q q 0 0 0 rg BT 527.10 555.80 Td (his ) Tj ET Q q 0 0 0 rg BT 539.21 555.80 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 555.78 555.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 546.20 Td (International ) Tj ET Q q 0 0 0 rg BT 93.32 546.20 Td (Business ) Tj ET Q q 0 0 0 rg BT 124.23 546.20 Td (from ) Tj ET Q q 0 0 0 rg BT 142.23 546.20 Td (the ) Tj ET Q q 0 0 0 rg BT 154.28 546.20 Td (Wharton ) Tj ET Q q 0 0 0 rg BT 184.72 546.20 Td (School ) Tj ET Q q 0 0 0 rg BT 209.40 546.20 Td (of ) Tj ET Q q 0 0 0 rg BT 218.51 546.20 Td (the ) Tj ET Q q 0 0 0 rg BT 230.74 546.20 Td (University ) Tj ET Q q 0 0 0 rg BT 266.97 546.20 Td (of ) Tj ET Q q 0 0 0 rg BT 276.08 546.20 Td (Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 323.20 546.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 332.53 546.20 Td (. ) Tj ET Q q 0 0 0 rg BT 336.99 546.20 Td (Lauder) Tj ET Q q 0 0 0 rg BT 359.94 546.20 Td () Tj ET Q q 0 0 0 rg BT 362.16 546.20 Td (s ) Tj ET Q q 0 0 0 rg BT 367.73 546.20 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 413.72 546.20 Td (to ) Tj ET Q q 0 0 0 rg BT 422.40 546.20 Td (sit ) Tj ET Q q 0 0 0 rg BT 432.41 546.20 Td (on ) Tj ET Q q 0 0 0 rg BT 442.86 546.20 Td (our ) Tj ET Q q 0 0 0 rg BT 455.98 546.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 477.98 546.20 Td (include ) Tj ET Q q 0 0 0 rg BT 503.98 546.20 Td (his ) Tj ET Q q 0 0 0 rg BT 515.77 546.20 Td (many ) Tj ET Q q 0 0 0 rg BT 536.00 546.20 Td (years ) Tj ET Q q 0 0 0 rg BT 555.33 546.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 536.60 Td (international ) Tj ET Q q 0 0 0 rg BT 92.04 536.60 Td (business ) Tj ET Q q 0 0 0 rg BT 120.76 536.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 157.01 536.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.17 536.60 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 206.88 536.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.16 536.60 Td (European ) Tj ET Q q 0 0 0 rg BT 247.42 536.60 Td (af) Tj ET Q q 0 0 0 rg BT 253.49 536.60 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 271.31 536.60 Td (as ) Tj ET Q q 0 0 0 rg BT 279.59 536.60 Td (well ) Tj ET Q q 0 0 0 rg BT 294.97 536.60 Td (as ) Tj ET Q q 0 0 0 rg BT 303.24 536.60 Td (being ) Tj ET Q q 0 0 0 rg BT 322.63 536.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.01 536.60 Td (Company) Tj ET Q q 0 0 0 rg BT 367.34 536.60 Td (s ) Tj ET Q q 0 0 0 rg BT 372.06 536.60 Td (founder ) Tj ET Q q 0 0 0 rg BT 398.55 536.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.71 536.60 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 444.87 536.60 Td (since ) Tj ET Q q 0 0 0 rg BT 462.91 536.60 Td (its ) Tj ET Q q 0 0 0 rg BT 472.08 536.60 Td (inception ) Tj ET Q q 0 0 0 rg BT 503.46 536.60 Td (in ) Tj ET Q q 0 0 0 rg BT 511.29 536.60 Td (1994, ) Tj ET Q q 0 0 0 rg BT 530.90 536.60 Td (providing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 527.00 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 527.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 83.32 527.00 Td (with ) Tj ET Q q 0 0 0 rg BT 99.55 527.00 Td (key ) Tj ET Q q 0 0 0 rg BT 113.10 527.00 Td (institutional ) Tj ET Q q 0 0 0 rg BT 153.32 527.00 Td (knowledge.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td (Herbert ) Tj ET Q q 0 0 0 rg BT 77.08 511.40 Td (A. ) Tj ET Q q 0 0 0 rg BT 85.85 511.40 Td (Granath) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.96 511.40 Td (, ) Tj ET Q q 0 0 0 rg BT 116.85 511.40 Td (85, ) Tj ET Q q 0 0 0 rg BT 128.73 511.40 Td (has ) Tj ET Q q 0 0 0 rg BT 141.28 511.40 Td (served ) Tj ET Q q 0 0 0 rg BT 164.04 511.40 Td (as ) Tj ET Q q 0 0 0 rg BT 172.59 511.40 Td (a ) Tj ET Q q 0 0 0 rg BT 178.03 511.40 Td (Director ) Tj ET Q q 0 0 0 rg BT 206.56 511.40 Td (since ) Tj ET Q q 0 0 0 rg BT 224.89 511.40 Td (2002 ) Tj ET Q q 0 0 0 rg BT 242.77 511.40 Td (and ) Tj ET Q q 0 0 0 rg BT 256.21 511.40 Td (non-executive ) Tj ET Q q 0 0 0 rg BT 303.27 511.40 Td (V) Tj ET Q q 0 0 0 rg BT 308.57 511.40 Td (ice ) Tj ET Q q 0 0 0 rg BT 319.77 511.40 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 353.21 511.40 Td (of ) Tj ET Q q 0 0 0 rg BT 361.75 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 373.41 511.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 394.85 511.40 Td (since ) Tj ET Q q 0 0 0 rg BT 413.17 511.40 Td (June ) Tj ET Q q 0 0 0 rg BT 429.72 511.40 Td (2006. ) Tj ET Q q 0 0 0 rg BT 449.60 511.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 458.94 511.40 Td (. ) Tj ET Q q 0 0 0 rg BT 462.83 511.40 Td (Granath ) Tj ET Q q 0 0 0 rg BT 490.48 511.40 Td (is ) Tj ET Q q 0 0 0 rg BT 497.70 511.40 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 531.13 511.40 Td (Emeritus, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.80 Td (ESPN, ) Tj ET Q q 0 0 0 rg BT 73.65 501.80 Td (a ) Tj ET Q q 0 0 0 rg BT 79.28 501.80 Td (cable ) Tj ET Q q 0 0 0 rg BT 98.24 501.80 Td (sports ) Tj ET Q q 0 0 0 rg BT 119.44 501.80 Td (network, ) Tj ET Q q 0 0 0 rg BT 149.74 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 163.37 501.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 186.34 501.80 Td (Content ) Tj ET Q q 0 0 0 rg BT 213.30 501.80 Td (Advisor ) Tj ET Q q 0 0 0 rg BT 241.16 501.80 Td (to ) Tj ET Q q 0 0 0 rg BT 249.32 501.80 Td (T) Tj ET Q q 0 0 0 rg BT 253.64 501.80 Td (elenet ) Tj ET Q q 0 0 0 rg BT 274.83 501.80 Td (Group ) Tj ET Q q 0 0 0 rg BT 297.35 501.80 Td (Holding ) Tj ET Q q 0 0 0 rg BT 325.66 501.80 Td (N.V) Tj ET Q q 0 0 0 rg BT 338.18 501.80 Td (., ) Tj ET Q q 0 0 0 rg BT 344.26 501.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.12 501.80 Td (lar) Tj ET Q q 0 0 0 rg BT 364.42 501.80 Td (gest ) Tj ET Q q 0 0 0 rg BT 379.39 501.80 Td (cable ) Tj ET Q q 0 0 0 rg BT 398.34 501.80 Td (operator ) Tj ET Q q 0 0 0 rg BT 427.08 501.80 Td (in ) Tj ET Q q 0 0 0 rg BT 435.39 501.80 Td (Belgium. ) Tj ET Q q 0 0 0 rg BT 467.03 501.80 Td (He ) Tj ET Q q 0 0 0 rg BT 478.44 501.80 Td (is ) Tj ET Q q 0 0 0 rg BT 485.86 501.80 Td (Co-Chairman ) Tj ET Q q 0 0 0 rg BT 531.49 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 540.24 501.80 Td (Crown ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 72.94 492.20 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 106.78 492.20 Td (which ) Tj ET Q q 0 0 0 rg BT 128.83 492.20 Td (owns ) Tj ET Q q 0 0 0 rg BT 148.22 492.20 Td (and ) Tj ET Q q 0 0 0 rg BT 162.27 492.20 Td (operates ) Tj ET Q q 0 0 0 rg BT 191.42 492.20 Td (the ) Tj ET Q q 0 0 0 rg BT 203.70 492.20 Td (Hallmark ) Tj ET Q q 0 0 0 rg BT 236.41 492.20 Td (Channel. ) Tj ET Q q 0 0 0 rg BT 267.57 492.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 276.91 492.20 Td (. ) Tj ET Q q 0 0 0 rg BT 281.41 492.20 Td (Granath ) Tj ET Q q 0 0 0 rg BT 309.67 492.20 Td (served ) Tj ET Q q 0 0 0 rg BT 333.05 492.20 Td (as ) Tj ET Q q 0 0 0 rg BT 342.22 492.20 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 376.27 492.20 Td (and ) Tj ET Q q 0 0 0 rg BT 390.32 492.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 410.59 492.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 445.08 492.20 Td (Of) Tj ET Q q 0 0 0 rg BT 453.38 492.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 470.53 492.20 Td (of ) Tj ET Q q 0 0 0 rg BT 479.69 492.20 Td (Media ) Tj ET Q q 0 0 0 rg BT 502.63 492.20 Td (and ) Tj ET Q q 0 0 0 rg BT 516.68 492.20 Td (Entertainment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 482.60 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 82.90 482.60 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 98.67 482.60 Td (a ) Tj ET Q q 0 0 0 rg BT 103.79 482.60 Td (special ) Tj ET Q q 0 0 0 rg BT 127.56 482.60 Td (purpose ) Tj ET Q q 0 0 0 rg BT 154.45 482.60 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 179.11 482.60 Td (for ) Tj ET Q q 0 0 0 rg BT 190.00 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.33 482.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 238.00 482.60 Td (of ) Tj ET Q q 0 0 0 rg BT 246.22 482.60 Td (media, ) Tj ET Q q 0 0 0 rg BT 269.33 482.60 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 314.88 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.99 482.60 Td (communications ) Tj ET Q q 0 0 0 rg BT 382.43 482.60 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 419.77 482.60 Td (from ) Tj ET Q q 0 0 0 rg BT 436.88 482.60 Td (2005 ) Tj ET Q q 0 0 0 rg BT 454.44 482.60 Td (until ) Tj ET Q q 0 0 0 rg BT 470.67 482.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 488.23 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 501.34 482.60 Td (served ) Tj ET Q q 0 0 0 rg BT 523.78 482.60 Td (as ) Tj ET Q q 0 0 0 rg BT 532.01 482.60 Td (a ) Tj ET Q q 0 0 0 rg BT 537.12 482.60 Td (director ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 473.00 Td (until ) Tj ET Q q 0 0 0 rg BT 66.92 473.00 Td (201) Tj ET Q q 0 0 0 rg BT 78.63 473.00 Td (1. ) Tj ET Q q 0 0 0 rg BT 86.88 473.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 96.22 473.00 Td (. ) Tj ET Q q 0 0 0 rg BT 100.47 473.00 Td (Granath ) Tj ET Q q 0 0 0 rg BT 128.50 473.00 Td (was ) Tj ET Q q 0 0 0 rg BT 143.19 473.00 Td (employed ) Tj ET Q q 0 0 0 rg BT 177.00 473.00 Td (by ) Tj ET Q q 0 0 0 rg BT 186.75 473.00 Td (ABC ) Tj ET Q q 0 0 0 rg BT 205.46 473.00 Td (for ) Tj ET Q q 0 0 0 rg BT 217.04 473.00 Td (over ) Tj ET Q q 0 0 0 rg BT 233.51 473.00 Td (35 ) Tj ET Q q 0 0 0 rg BT 243.77 473.00 Td (years ) Tj ET Q q 0 0 0 rg BT 262.90 473.00 Td (and ) Tj ET Q q 0 0 0 rg BT 276.71 473.00 Td (was ) Tj ET Q q 0 0 0 rg BT 291.41 473.00 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 327.21 473.00 Td (Disney/ABC ) Tj ET Q q 0 0 0 rg BT 370.80 473.00 Td (International ) Tj ET Q q 0 0 0 rg BT 413.93 473.00 Td (\(an ) Tj ET Q q 0 0 0 rg BT 426.40 473.00 Td (international ) Tj ET Q q 0 0 0 rg BT 469.09 473.00 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 512.22 473.00 Td (company\) ) Tj ET Q q 0 0 0 rg BT 546.46 473.00 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 463.40 Td (1996 ) Tj ET Q q 0 0 0 rg BT 67.40 463.40 Td (to ) Tj ET Q q 0 0 0 rg BT 75.03 463.40 Td (January ) Tj ET Q q 0 0 0 rg BT 101.31 463.40 Td (1998 ) Tj ET Q q 0 0 0 rg BT 118.71 463.40 Td (where ) Tj ET Q q 0 0 0 rg BT 139.66 463.40 Td (he ) Tj ET Q q 0 0 0 rg BT 148.62 463.40 Td (pioneered ) Tj ET Q q 0 0 0 rg BT 181.56 463.40 Td (many ) Tj ET Q q 0 0 0 rg BT 200.73 463.40 Td (aspects ) Tj ET Q q 0 0 0 rg BT 225.24 463.40 Td (of ) Tj ET Q q 0 0 0 rg BT 233.00 463.40 Td (ABC) Tj ET Q q 0 0 0 rg BT 251.67 463.40 Td (s ) Tj ET Q q 0 0 0 rg BT 256.19 463.40 Td (expanding ) Tj ET Q q 0 0 0 rg BT 290.91 463.40 Td (television ) Tj ET Q q 0 0 0 rg BT 323.42 463.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 353.94 463.40 Td (including ) Tj ET Q q 0 0 0 rg BT 385.56 463.40 Td (its ) Tj ET Q q 0 0 0 rg BT 394.52 463.40 Td (successes ) Tj ET Q q 0 0 0 rg BT 426.58 463.40 Td (in ) Tj ET Q q 0 0 0 rg BT 434.21 463.40 Td (the ) Tj ET Q q 0 0 0 rg BT 445.38 463.40 Td (cable ) Tj ET Q q 0 0 0 rg BT 463.66 463.40 Td (and ) Tj ET Q q 0 0 0 rg BT 476.62 463.40 Td (international ) Tj ET Q q 0 0 0 rg BT 518.45 463.40 Td (programming ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 453.80 Td (arenas. ) Tj ET Q q 0 0 0 rg BT 74.46 453.80 Td (He ) Tj ET Q q 0 0 0 rg BT 85.83 453.80 Td (served ) Tj ET Q q 0 0 0 rg BT 108.74 453.80 Td (as ) Tj ET Q q 0 0 0 rg BT 117.44 453.80 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 151.02 453.80 Td (of ) Tj ET Q q 0 0 0 rg BT 159.72 453.80 Td (the ) Tj ET Q q 0 0 0 rg BT 171.52 453.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 193.11 453.80 Td (of ) Tj ET Q q 0 0 0 rg BT 201.81 453.80 Td (ESPN ) Tj ET Q q 0 0 0 rg BT 223.40 453.80 Td (for ) Tj ET Q q 0 0 0 rg BT 234.77 453.80 Td (16 ) Tj ET Q q 0 0 0 rg BT 244.80 453.80 Td (years ) Tj ET Q q 0 0 0 rg BT 263.71 453.80 Td (and ) Tj ET Q q 0 0 0 rg BT 277.30 453.80 Td (as ) Tj ET Q q 0 0 0 rg BT 286.00 453.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 308.77 453.80 Td (V) Tj ET Q q 0 0 0 rg BT 314.07 453.80 Td (ice ) Tj ET Q q 0 0 0 rg BT 325.43 453.80 Td (President ) Tj ET Q q 0 0 0 rg BT 357.23 453.80 Td (of ) Tj ET Q q 0 0 0 rg BT 365.48 453.80 Td (ABC, ) Tj ET Q q 0 0 0 rg BT 385.97 453.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 400.22 453.80 Td (from ) Tj ET Q q 0 0 0 rg BT 417.80 453.80 Td (1998 ) Tj ET Q q 0 0 0 rg BT 435.83 453.80 Td (until ) Tj ET Q q 0 0 0 rg BT 452.54 453.80 Td (2001. ) Tj ET Q q 0 0 0 rg BT 472.57 453.80 Td (He ) Tj ET Q q 0 0 0 rg BT 483.93 453.80 Td (also ) Tj ET Q q 0 0 0 rg BT 498.85 453.80 Td (served ) Tj ET Q q 0 0 0 rg BT 521.77 453.80 Td (as ) Tj ET Q q 0 0 0 rg BT 530.47 453.80 Td (Chairman ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 444.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.86 444.20 Td (the ) Tj ET Q q 0 0 0 rg BT 70.84 444.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 92.59 444.20 Td (of ) Tj ET Q q 0 0 0 rg BT 100.96 444.20 Td (A&E, ) Tj ET Q q 0 0 0 rg BT 121.89 444.20 Td (The ) Tj ET Q q 0 0 0 rg BT 136.53 444.20 Td (History ) Tj ET Q q 0 0 0 rg BT 162.73 444.20 Td (Channel, ) Tj ET Q q 0 0 0 rg BT 193.43 444.20 Td (The ) Tj ET Q q 0 0 0 rg BT 208.06 444.20 Td (Biography ) Tj ET Q q 0 0 0 rg BT 244.04 444.20 Td (Channel ) Tj ET Q q 0 0 0 rg BT 272.90 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 286.65 444.20 Td (Lifetime ) Tj ET Q q 0 0 0 rg BT 316.23 444.20 Td (T) Tj ET Q q 0 0 0 rg BT 320.56 444.20 Td (elevision, ) Tj ET Q q 0 0 0 rg BT 353.64 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 367.39 444.20 Td (was ) Tj ET Q q 0 0 0 rg BT 382.03 444.20 Td (a ) Tj ET Q q 0 0 0 rg BT 387.78 444.20 Td (founding ) Tj ET Q q 0 0 0 rg BT 418.87 444.20 Td (partner ) Tj ET Q q 0 0 0 rg BT 443.72 444.20 Td (and ) Tj ET Q q 0 0 0 rg BT 457.47 444.20 Td (Board ) Tj ET Q q 0 0 0 rg BT 479.22 444.20 Td (member ) Tj ET Q q 0 0 0 rg BT 507.63 444.20 Td (of ) Tj ET Q q 0 0 0 rg BT 516.49 444.20 Td (Eurosport, ) Tj ET Q q 0 0 0 rg BT 552.24 444.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 434.60 Td (lar) Tj ET Q q 0 0 0 rg BT 58.29 434.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 72.96 434.60 Td (cable ) Tj ET Q q 0 0 0 rg BT 91.62 434.60 Td (network ) Tj ET Q q 0 0 0 rg BT 119.62 434.60 Td (in ) Tj ET Q q 0 0 0 rg BT 127.63 434.60 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 154.51 434.60 Td (He ) Tj ET Q q 0 0 0 rg BT 165.62 434.60 Td (also ) Tj ET Q q 0 0 0 rg BT 180.29 434.60 Td (served ) Tj ET Q q 0 0 0 rg BT 202.95 434.60 Td (on ) Tj ET Q q 0 0 0 rg BT 212.74 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.29 434.60 Td (Boards ) Tj ET Q q 0 0 0 rg BT 248.74 434.60 Td (of ) Tj ET Q q 0 0 0 rg BT 257.19 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.62 434.60 Td (T) Tj ET Q q 0 0 0 rg BT 272.94 434.60 Td (elefunf, ) Tj ET Q q 0 0 0 rg BT 299.38 434.60 Td (R) Tj ET Q q 0 0 0 rg BT 304.23 434.60 Td (TL2 ) Tj ET Q q 0 0 0 rg BT 319.79 434.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.00 434.60 Td (TM3 ) Tj ET Q q 0 0 0 rg BT 350.78 434.60 Td (networks ) Tj ET Q q 0 0 0 rg BT 381.89 434.60 Td (in ) Tj ET Q q 0 0 0 rg BT 389.90 434.60 Td (Germany) Tj ET Q q 0 0 0 rg BT 419.14 434.60 Td (, ) Tj ET Q q 0 0 0 rg BT 422.93 434.60 Td (as ) Tj ET Q q 0 0 0 rg BT 431.37 434.60 Td (well ) Tj ET Q q 0 0 0 rg BT 446.93 434.60 Td (as ) Tj ET Q q 0 0 0 rg BT 455.38 434.60 Td (SBS ) Tj ET Q q 0 0 0 rg BT 471.39 434.60 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 515.39 434.60 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 531.40 434.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.60 434.60 Td (TV) Tj ET Q q 0 0 0 rg BT 554.24 434.60 Td (A, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 425.00 Td (the ) Tj ET Q q 0 0 0 rg BT 62.13 425.00 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 93.81 425.00 Td (pay-TV) Tj ET Q q 0 0 0 rg BT 118.55 425.00 Td ( ) Tj ET Q q 0 0 0 rg BT 120.91 425.00 Td (company) Tj ET Q q 0 0 0 rg BT 149.71 425.00 Td (. ) Tj ET Q q 0 0 0 rg BT 153.55 425.00 Td (Among ) Tj ET Q q 0 0 0 rg BT 179.91 425.00 Td (the ) Tj ET Q q 0 0 0 rg BT 192.04 425.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 217.06 425.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 226.39 425.00 Td (. ) Tj ET Q q 0 0 0 rg BT 230.75 425.00 Td (Granath ) Tj ET Q q 0 0 0 rg BT 258.88 425.00 Td (has ) Tj ET Q q 0 0 0 rg BT 271.90 425.00 Td (received ) Tj ET Q q 0 0 0 rg BT 301.35 425.00 Td (are ) Tj ET Q q 0 0 0 rg BT 313.48 425.00 Td (two ) Tj ET Q q 0 0 0 rg BT 327.66 425.00 Td (T) Tj ET Q q 0 0 0 rg BT 331.99 425.00 Td (ony ) Tj ET Q q 0 0 0 rg BT 346.35 425.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 371.37 425.00 Td (\(along ) Tj ET Q q 0 0 0 rg BT 394.16 425.00 Td (with ) Tj ET Q q 0 0 0 rg BT 410.75 425.00 Td (six ) Tj ET Q q 0 0 0 rg BT 422.27 425.00 Td (T) Tj ET Q q 0 0 0 rg BT 426.60 425.00 Td (ony ) Tj ET Q q 0 0 0 rg BT 440.96 425.00 Td (nominations\), ) Tj ET Q q 0 0 0 rg BT 487.54 425.00 Td (an ) Tj ET Q q 0 0 0 rg BT 497.45 425.00 Td (International ) Tj ET Q q 0 0 0 rg BT 540.68 425.00 Td (Emmy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 415.40 Td (\(Lifetime ) Tj ET Q q 0 0 0 rg BT 81.36 415.40 Td (Achievement ) Tj ET Q q 0 0 0 rg BT 125.49 415.40 Td (in ) Tj ET Q q 0 0 0 rg BT 133.19 415.40 Td (International ) Tj ET Q q 0 0 0 rg BT 175.44 415.40 Td (TV\), ) Tj ET Q q 0 0 0 rg BT 192.25 415.40 Td (and ) Tj ET Q q 0 0 0 rg BT 205.28 415.40 Td (a ) Tj ET Q q 0 0 0 rg BT 210.31 415.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 226.02 415.40 Td (Emmy ) Tj ET Q q 0 0 0 rg BT 248.83 415.40 Td (\(Lifetime ) Tj ET Q q 0 0 0 rg BT 280.19 415.40 Td (Achievement ) Tj ET Q q 0 0 0 rg BT 324.32 415.40 Td (in ) Tj ET Q q 0 0 0 rg BT 332.02 415.40 Td (Sports ) Tj ET Q q 0 0 0 rg BT 353.84 415.40 Td (T) Tj ET Q q 0 0 0 rg BT 358.17 415.40 Td (elevision\). ) Tj ET Q q 0 0 0 rg BT 393.20 415.40 Td (He ) Tj ET Q q 0 0 0 rg BT 404.01 415.40 Td (has ) Tj ET Q q 0 0 0 rg BT 416.15 415.40 Td (also ) Tj ET Q q 0 0 0 rg BT 430.52 415.40 Td (been ) Tj ET Q q 0 0 0 rg BT 447.10 415.40 Td (honored ) Tj ET Q q 0 0 0 rg BT 474.80 415.40 Td (by ) Tj ET Q q 0 0 0 rg BT 484.28 415.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.53 415.40 Td (National ) Tj ET Q q 0 0 0 rg BT 524.23 415.40 Td (Association ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 405.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.51 405.80 Td (Broadcasters ) Tj ET Q q 0 0 0 rg BT 101.67 405.80 Td (as ) Tj ET Q q 0 0 0 rg BT 110.18 405.80 Td (a ) Tj ET Q q 0 0 0 rg BT 115.58 405.80 Td (Broadcast ) Tj ET Q q 0 0 0 rg BT 149.42 405.80 Td (Pioneer ) Tj ET Q q 0 0 0 rg BT 175.70 405.80 Td (and ) Tj ET Q q 0 0 0 rg BT 189.10 405.80 Td (received ) Tj ET Q q 0 0 0 rg BT 218.04 405.80 Td (a ) Tj ET Q q 0 0 0 rg BT 223.43 405.80 Td (European ) Tj ET Q q 0 0 0 rg BT 255.93 405.80 Td (Lifetime ) Tj ET Q q 0 0 0 rg BT 284.91 405.80 Td (Achievement ) Tj ET Q q 0 0 0 rg BT 329.00 405.80 Td (A) Tj ET Q q 0 0 0 rg BT 334.04 405.80 Td (ward ) Tj ET Q q 0 0 0 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396.20 Td (both ) Tj ET Q q 0 0 0 rg BT 282.18 396.20 Td (in ) Tj ET Q q 0 0 0 rg BT 289.84 396.20 Td (America ) Tj ET Q q 0 0 0 rg BT 319.23 396.20 Td (and ) Tj ET Q q 0 0 0 rg BT 332.63 396.20 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 359.57 396.20 Td (which ) Tj ET Q q 0 0 0 rg BT 380.97 396.20 Td (allows ) Tj ET Q q 0 0 0 rg BT 403.71 396.20 Td (him ) Tj ET Q q 0 0 0 rg BT 418.00 396.20 Td (to ) Tj ET Q q 0 0 0 rg BT 426.07 396.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.35 396.20 Td (valuable ) Tj ET Q q 0 0 0 rg BT 481.30 396.20 Td (advice ) Tj ET Q q 0 0 0 rg BT 504.02 396.20 Td (and ) Tj ET Q q 0 0 0 rg BT 517.41 396.20 Td (insights ) Tj ET Q q 0 0 0 rg BT 544.16 396.20 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 396.20 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 386.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 71.55 386.60 Td (and ) Tj ET Q q 0 0 0 rg BT 85.10 386.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 106.65 386.60 Td (committees.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 371.00 Td (Paul ) Tj ET Q q 0 0 0 rg BT 66.97 371.00 Td (T) Tj ET Q q 0 0 0 rg BT 70.83 371.00 Td (. ) Tj ET Q q 0 0 0 rg BT 74.69 371.00 Td (Cappuccio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.35 371.00 Td (, ) Tj ET Q q 0 0 0 rg BT 113.21 371.00 Td (52, ) Tj ET Q q 0 0 0 rg BT 125.08 371.00 Td (has ) Tj ET Q q 0 0 0 rg BT 137.61 371.00 Td (served ) Tj ET Q q 0 0 0 rg BT 160.35 371.00 Td (as ) Tj ET Q q 0 0 0 rg BT 168.88 371.00 Td (a ) Tj ET Q q 0 0 0 rg BT 174.29 371.00 Td (Director ) Tj ET Q q 0 0 0 rg BT 202.80 371.00 Td (since ) Tj ET Q q 0 0 0 rg BT 221.11 371.00 Td (October ) Tj ET Q q 0 0 0 rg BT 248.73 371.00 Td (2009. ) Tj ET Q q 0 0 0 rg BT 268.60 371.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 277.93 371.00 Td (. ) Tj ET Q q 0 0 0 rg BT 281.80 371.00 Td (Cappuccio ) Tj ET Q q 0 0 0 rg BT 317.87 371.00 Td (has ) Tj ET Q q 0 0 0 rg BT 330.40 371.00 Td (been ) Tj ET Q q 0 0 0 rg BT 347.36 371.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 381.08 371.00 Td (V) Tj ET Q q 0 0 0 rg BT 386.37 371.00 Td (ice ) Tj ET Q q 0 0 0 rg BT 397.56 371.00 Td (President ) Tj ET Q q 0 0 0 rg BT 429.20 371.00 Td (and ) Tj ET Q q 0 0 0 rg BT 442.61 371.00 Td (General ) Tj ET Q q 0 0 0 rg BT 469.79 371.00 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 497.88 371.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.27 371.00 Td (T) Tj ET Q q 0 0 0 rg BT 510.88 371.00 Td (ime ) Tj ET Q q 0 0 0 rg BT 524.60 371.00 Td (W) Tj ET Q q 0 0 0 rg BT 531.51 371.00 Td (arner ) Tj ET Q q 0 0 0 rg BT 549.80 371.00 Td (Inc. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 361.40 Td (since ) Tj ET Q q 0 0 0 rg BT 69.22 361.40 Td (January ) Tj ET Q q 0 0 0 rg BT 96.88 361.40 Td (2001, ) Tj ET Q q 0 0 0 rg BT 117.66 361.40 Td (in ) Tj ET Q q 0 0 0 rg BT 126.66 361.40 Td (which ) Tj ET Q q 0 0 0 rg BT 148.99 361.40 Td (capacity ) Tj ET Q q 0 0 0 rg BT 178.42 361.40 Td (he ) Tj ET Q q 0 0 0 rg BT 188.75 361.40 Td (oversees ) Tj ET Q q 0 0 0 rg BT 219.07 361.40 Td (the ) Tj ET Q q 0 0 0 rg BT 231.63 361.40 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 268.62 361.40 Td (management ) Tj ET Q q 0 0 0 rg BT 312.27 361.40 Td (of ) Tj ET Q q 0 0 0 rg BT 321.52 361.40 Td (T) Tj ET Q q 0 0 0 rg BT 326.12 361.40 Td (ime ) Tj ET Q q 0 0 0 rg BT 340.70 361.40 Td (W) Tj ET Q q 0 0 0 rg BT 347.61 361.40 Td (arner ) Tj ET Q q 0 0 0 rg BT 366.82 361.40 Td (Inc.'s ) Tj ET Q q 0 0 0 rg BT 386.37 361.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 404.70 361.40 Td (functions, ) Tj ET Q q 0 0 0 rg BT 439.25 361.40 Td (collaborating ) Tj ET Q q 0 0 0 rg BT 484.24 361.40 Td (with ) Tj ET Q q 0 0 0 rg BT 501.24 361.40 Td (all ) Tj ET Q q 0 0 0 rg BT 512.02 361.40 Td (of ) Tj ET Q q 0 0 0 rg BT 521.46 361.40 Td (its ) Tj ET Q q 0 0 0 rg BT 531.80 361.40 Td (operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 351.80 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 87.87 351.80 Td (From ) Tj ET Q q 0 0 0 rg BT 106.84 351.80 Td (August ) Tj ET Q q 0 0 0 rg BT 132.05 351.80 Td (1999 ) Tj ET Q q 0 0 0 rg BT 150.15 351.80 Td (until ) Tj ET Q q 0 0 0 rg BT 166.91 351.80 Td (January ) Tj ET Q q 0 0 0 rg BT 193.89 351.80 Td (2001, ) Tj ET Q q 0 0 0 rg BT 213.98 351.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 223.32 351.80 Td (. ) Tj ET Q q 0 0 0 rg BT 227.41 351.80 Td (Cappuccio ) Tj ET Q q 0 0 0 rg BT 263.72 351.80 Td (was ) Tj ET Q q 0 0 0 rg BT 278.26 351.80 Td (Senior ) Tj ET Q q 0 0 0 rg BT 301.09 351.80 Td (V) Tj ET Q q 0 0 0 rg BT 306.38 351.80 Td (ice ) Tj ET Q q 0 0 0 rg BT 317.80 351.80 Td (President ) Tj ET Q q 0 0 0 rg BT 349.67 351.80 Td (and ) Tj ET Q q 0 0 0 rg BT 363.32 351.80 Td (General ) Tj ET Q q 0 0 0 rg BT 390.73 351.80 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 419.05 351.80 Td (at ) Tj ET Q q 0 0 0 rg BT 426.46 351.80 Td (America ) Tj ET Q q 0 0 0 rg BT 456.09 351.80 Td (Online. ) Tj ET Q q 0 0 0 rg BT 481.96 351.80 Td (Before ) Tj ET Q q 0 0 0 rg BT 505.82 351.80 Td (joining ) Tj ET Q q 0 0 0 rg BT 530.12 351.80 Td (AOL, ) Tj ET Q q 0 0 0 rg BT 550.66 351.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 560.00 351.80 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 342.20 Td (Cappuccio ) Tj ET Q q 0 0 0 rg BT 85.88 342.20 Td (was ) Tj ET Q q 0 0 0 rg BT 99.98 342.20 Td (a ) Tj ET Q q 0 0 0 rg BT 105.20 342.20 Td (partner ) Tj ET Q q 0 0 0 rg BT 129.52 342.20 Td (at ) Tj ET Q q 0 0 0 rg BT 136.95 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 148.27 342.20 Td (W) Tj ET Q q 0 0 0 rg BT 155.18 342.20 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 189.96 342.20 Td (D.C. ) Tj ET Q q 0 0 0 rg BT 206.74 342.20 Td (of) Tj ET Q q 0 0 0 rg BT 213.25 342.20 Td (fice ) Tj ET Q q 0 0 0 rg BT 226.91 342.20 Td (of ) Tj ET Q q 0 0 0 rg BT 235.24 342.20 Td (Kirkland ) Tj ET Q q 0 0 0 rg BT 265.34 342.20 Td (& ) Tj ET Q q 0 0 0 rg BT 273.23 342.20 Td (Ellis, ) Tj ET Q q 0 0 0 rg BT 291.56 342.20 Td (one ) Tj ET Q q 0 0 0 rg BT 304.78 342.20 Td (of ) Tj ET Q q 0 0 0 rg BT 313.11 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 324.54 342.20 Td (world's ) Tj ET Q q 0 0 0 rg BT 349.43 342.20 Td (premier ) Tj ET Q q 0 0 0 rg BT 375.97 342.20 Td (litigation ) Tj ET Q q 0 0 0 rg BT 406.52 342.20 Td (and ) Tj ET Q q 0 0 0 rg BT 419.74 342.20 Td (transactional ) Tj ET Q q 0 0 0 rg BT 462.27 342.20 Td (law ) Tj ET Q q 0 0 0 rg BT 475.49 342.20 Td (firms, ) Tj ET Q q 0 0 0 rg BT 496.04 342.20 Td (where ) Tj ET Q q 0 0 0 rg BT 517.25 342.20 Td (he ) Tj ET Q q 0 0 0 rg BT 526.46 342.20 Td (specialized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 332.60 Td (in ) Tj ET Q q 0 0 0 rg BT 58.05 332.60 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 124.31 332.60 Td (law) Tj ET Q q 0 0 0 rg BT 135.34 332.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.17 332.60 Td (appellate ) Tj ET Q q 0 0 0 rg BT 169.87 332.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 200.59 332.60 Td (and ) Tj ET Q q 0 0 0 rg BT 213.97 332.60 Td (negotiation ) Tj ET Q q 0 0 0 rg BT 251.79 332.60 Td (with ) Tj ET Q q 0 0 0 rg BT 267.84 332.60 Td (government ) Tj ET Q q 0 0 0 rg BT 307.88 332.60 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 339.25 332.60 Td (From ) Tj ET Q q 0 0 0 rg BT 358.42 332.60 Td (1991 ) Tj ET Q q 0 0 0 rg BT 376.25 332.60 Td (until ) Tj ET Q q 0 0 0 rg BT 392.75 332.60 Td (1993, ) Tj ET Q q 0 0 0 rg BT 412.58 332.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 421.91 332.60 Td (. ) Tj ET Q q 0 0 0 rg BT 425.74 332.60 Td (Cappuccio ) Tj ET Q q 0 0 0 rg BT 461.79 332.60 Td (was ) Tj ET Q q 0 0 0 rg BT 475.65 332.60 Td (Associate ) Tj ET Q q 0 0 0 rg BT 508.58 332.60 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 533.56 332.60 Td (Attorney ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 323.00 Td (General ) Tj ET Q q 0 0 0 rg BT 77.49 323.00 Td (at ) Tj ET Q q 0 0 0 rg BT 85.44 323.00 Td (the ) Tj ET Q q 0 0 0 rg BT 97.38 323.00 Td (United ) Tj ET Q q 0 0 0 rg BT 121.33 323.00 Td (States ) Tj ET Q q 0 0 0 rg BT 142.62 323.00 Td (Department ) Tj ET Q q 0 0 0 rg BT 182.55 323.00 Td (of ) Tj ET Q q 0 0 0 rg BT 191.39 323.00 Td (Justice, ) Tj ET Q q 0 0 0 rg BT 217.34 323.00 Td (where ) Tj ET Q q 0 0 0 rg BT 239.05 323.00 Td (he ) Tj ET Q q 0 0 0 rg BT 248.78 323.00 Td (advised ) Tj ET Q q 0 0 0 rg BT 274.91 323.00 Td (Attorney ) Tj ET Q q 0 0 0 rg BT 305.52 323.00 Td (General ) Tj ET Q q 0 0 0 rg BT 332.85 323.00 Td (W) Tj ET Q q 0 0 0 rg BT 340.08 323.00 Td (illiam ) Tj ET Q q 0 0 0 rg BT 360.92 323.00 Td (P) Tj ET Q q 0 0 0 rg BT 364.48 323.00 Td (. ) Tj ET Q q 0 0 0 rg BT 368.66 323.00 Td (Barr ) Tj ET Q q 0 0 0 rg BT 385.05 323.00 Td (on ) Tj ET Q q 0 0 0 rg BT 395.22 323.00 Td (matters ) Tj ET Q q 0 0 0 rg BT 420.94 323.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 447.55 323.00 Td (to ) Tj ET Q q 0 0 0 rg BT 455.94 323.00 Td (judicial ) Tj ET Q q 0 0 0 rg BT 482.11 323.00 Td (selection, ) Tj ET Q q 0 0 0 rg BT 514.72 323.00 Td (civil ) Tj ET Q q 0 0 0 rg BT 531.11 323.00 Td (litigation, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 313.40 Td (antitrust ) Tj ET Q q 0 0 0 rg BT 78.39 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 92.12 313.40 Td (civil ) Tj ET Q q 0 0 0 rg BT 108.51 313.40 Td (rights. ) Tj ET Q q 0 0 0 rg BT 130.91 313.40 Td (Prior ) Tj ET Q q 0 0 0 rg BT 149.08 313.40 Td (to ) Tj ET Q q 0 0 0 rg BT 157.48 313.40 Td (his ) Tj ET Q q 0 0 0 rg BT 168.99 313.40 Td (service ) Tj ET Q q 0 0 0 rg BT 193.81 313.40 Td (at ) Tj ET Q q 0 0 0 rg BT 201.76 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 213.71 313.40 Td (Justice ) Tj ET Q q 0 0 0 rg BT 237.65 313.40 Td (Department, ) Tj ET Q q 0 0 0 rg BT 279.59 313.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 288.93 313.40 Td (. ) Tj ET Q q 0 0 0 rg BT 293.10 313.40 Td (Cappuccio ) Tj ET Q q 0 0 0 rg BT 329.48 313.40 Td (served ) Tj ET Q q 0 0 0 rg BT 352.54 313.40 Td (as ) Tj ET Q q 0 0 0 rg BT 361.38 313.40 Td (a ) Tj ET Q q 0 0 0 rg BT 367.10 313.40 Td (law ) Tj ET Q q 0 0 0 rg BT 380.82 313.40 Td (clerk ) Tj ET Q q 0 0 0 rg BT 398.99 313.40 Td (at ) Tj ET Q q 0 0 0 rg BT 406.93 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 418.88 313.40 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 449.49 313.40 Td (Court ) Tj ET Q q 0 0 0 rg BT 469.89 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 478.73 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 490.67 313.40 Td (United ) Tj ET Q q 0 0 0 rg BT 514.62 313.40 Td (States ) Tj ET Q q 0 0 0 rg BT 535.90 313.40 Td (and ) Tj ET Q q 0 0 0 rg BT 549.63 313.40 Td (as ) Tj ET Q q 0 0 0 rg BT 558.47 313.40 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 303.80 Td (law ) Tj ET Q q 0 0 0 rg BT 63.14 303.80 Td (clerk ) Tj ET Q q 0 0 0 rg BT 80.71 303.80 Td (to ) Tj ET Q q 0 0 0 rg BT 88.52 303.80 Td (Judge ) Tj ET Q q 0 0 0 rg BT 108.42 303.80 Td (Alex ) Tj ET Q q 0 0 0 rg BT 125.56 303.80 Td (Kozinski ) Tj ET Q q 0 0 0 rg BT 156.03 303.80 Td (of ) Tj ET Q q 0 0 0 rg BT 164.28 303.80 Td (the ) Tj ET Q q 0 0 0 rg BT 175.64 303.80 Td (United ) Tj ET Q q 0 0 0 rg BT 199.00 303.80 Td (States ) Tj ET Q q 0 0 0 rg BT 219.69 303.80 Td (Court ) Tj ET Q q 0 0 0 rg BT 239.50 303.80 Td (of ) Tj ET Q q 0 0 0 rg BT 247.40 303.80 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 275.20 303.80 Td (for ) Tj ET Q q 0 0 0 rg BT 286.12 303.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.48 303.80 Td (Ninth ) Tj ET Q q 0 0 0 rg BT 317.28 303.80 Td (Circuit ) Tj ET Q q 0 0 0 rg BT 341.09 303.80 Td (in ) Tj ET Q q 0 0 0 rg BT 348.90 303.80 Td (Pasadena, ) Tj ET Q q 0 0 0 rg BT 382.25 303.80 Td (California. ) Tj ET Q q 0 0 0 rg BT 418.27 303.80 Td (He ) Tj ET Q q 0 0 0 rg BT 429.18 303.80 Td (is ) Tj ET Q q 0 0 0 rg BT 436.10 303.80 Td (a ) Tj ET Q q 0 0 0 rg BT 441.24 303.80 Td (1986 ) Tj ET Q q 0 0 0 rg BT 458.83 303.80 Td (graduate ) Tj ET Q q 0 0 0 rg BT 487.95 303.80 Td (of ) Tj ET Q q 0 0 0 rg BT 496.20 303.80 Td (Harvard ) Tj ET Q q 0 0 0 rg BT 524.00 303.80 Td (Law ) Tj ET Q q 0 0 0 rg BT 539.80 303.80 Td (School ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 294.20 Td (and ) Tj ET Q q 0 0 0 rg BT 63.17 294.20 Td (a ) Tj ET Q q 0 0 0 rg BT 68.35 294.20 Td (1983 ) Tj ET Q q 0 0 0 rg BT 85.97 294.20 Td (graduate ) Tj ET Q q 0 0 0 rg BT 115.14 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 123.42 294.20 Td (Geor) Tj ET Q q 0 0 0 rg BT 139.27 294.20 Td (getown ) Tj ET Q q 0 0 0 rg BT 164.45 294.20 Td (University) Tj ET Q q 0 0 0 rg BT 197.70 294.20 Td (. ) Tj ET Q q 0 0 0 rg BT 201.33 294.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 210.66 294.20 Td (. ) Tj ET Q q 0 0 0 rg BT 214.29 294.20 Td (Cappuccio, ) Tj ET Q q 0 0 0 rg BT 252.12 294.20 Td (as ) Tj ET Q q 0 0 0 rg BT 260.41 294.20 Td (general ) Tj ET Q q 0 0 0 rg BT 285.57 294.20 Td (counsel ) Tj ET Q q 0 0 0 rg BT 311.63 294.20 Td (of ) Tj ET Q q 0 0 0 rg BT 319.92 294.20 Td (a ) Tj ET Q q 0 0 0 rg BT 325.10 294.20 Td (global ) Tj ET Q q 0 0 0 rg BT 346.72 294.20 Td (media ) Tj ET Q q 0 0 0 rg BT 367.89 294.20 Td (company) Tj ET Q q 0 0 0 rg BT 396.69 294.20 Td (, ) Tj ET Q q 0 0 0 rg BT 400.32 294.20 Td (brings ) Tj ET Q q 0 0 0 rg BT 421.94 294.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 457.33 294.20 Td (lar) Tj ET Q q 0 0 0 rg BT 465.63 294.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 474.80 294.20 Td (public ) Tj ET Q q 0 0 0 rg BT 496.42 294.20 Td (company ) Tj ET Q q 0 0 0 rg BT 527.37 294.20 Td (experience ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 284.60 Td (to ) Tj ET Q q 0 0 0 rg BT 58.22 284.60 Td (our ) Tj ET Q q 0 0 0 rg BT 70.89 284.60 Td (Board, ) Tj ET Q q 0 0 0 rg BT 94.44 284.60 Td (including ) Tj ET Q q 0 0 0 rg BT 126.66 284.60 Td (transactional ) Tj ET Q q 0 0 0 rg BT 169.53 284.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.08 284.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 215.28 284.60 Td (governance ) Tj ET Q q 0 0 0 rg BT 254.15 284.60 Td (expertise.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 269.00 Td (Charles ) Tj ET Q q 0 0 0 rg BT 77.18 269.00 Td (R. ) Tj ET Q q 0 0 0 rg BT 85.91 269.00 Td (Frank, ) Tj ET Q q 0 0 0 rg BT 109.31 269.00 Td (Jr) Tj ET Q q 0 0 0 rg BT 115.08 269.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 117.08 269.00 Td (, ) Tj ET Q q 0 0 0 rg BT 120.93 269.00 Td (76, ) Tj ET Q q 0 0 0 rg BT 132.77 269.00 Td (served ) Tj ET Q q 0 0 0 rg BT 155.50 269.00 Td (as ) Tj ET Q q 0 0 0 rg BT 164.01 269.00 Td (a ) Tj ET Q q 0 0 0 rg BT 169.40 269.00 Td (Director ) Tj ET Q q 0 0 0 rg BT 197.90 269.00 Td (from ) Tj ET Q q 0 0 0 rg BT 215.29 269.00 Td (2001 ) Tj ET Q q 0 0 0 rg BT 233.14 269.00 Td (until ) Tj ET Q q 0 0 0 rg BT 249.65 269.00 Td (July ) Tj ET Q q 0 0 0 rg BT 264.83 269.00 Td (2009 ) Tj ET Q q 0 0 0 rg BT 282.68 269.00 Td (and ) Tj ET Q q 0 0 0 rg BT 296.07 269.00 Td (from ) Tj ET Q q 0 0 0 rg BT 313.47 269.00 Td (March ) Tj ET Q q 0 0 0 rg BT 336.19 269.00 Td (2010 ) Tj ET Q q 0 0 0 rg BT 354.04 269.00 Td (to ) Tj ET Q q 0 0 0 rg BT 362.10 269.00 Td (the ) Tj ET Q q 0 0 0 rg BT 373.72 269.00 Td (present. ) Tj ET Q q 0 0 0 rg BT 400.67 269.00 Td (From ) Tj ET Q q 0 0 0 rg BT 419.85 269.00 Td (July ) Tj ET Q q 0 0 0 rg BT 435.03 269.00 Td (2009 ) Tj ET Q q 0 0 0 rg BT 452.88 269.00 Td (through ) Tj ET Q q 0 0 0 rg BT 479.61 269.00 Td (February ) Tj ET Q q 0 0 0 rg BT 510.33 269.00 Td (2010, ) Tj ET Q q 0 0 0 rg BT 530.17 269.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 539.51 269.00 Td (. ) Tj ET Q q 0 0 0 rg BT 543.36 269.00 Td (Frank ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 259.40 Td (served ) Tj ET Q q 0 0 0 rg BT 72.52 259.40 Td (as ) Tj ET Q q 0 0 0 rg BT 80.83 259.40 Td (interim ) Tj ET Q q 0 0 0 rg BT 105.58 259.40 Td (Chief ) Tj ET Q q 0 0 0 rg BT 125.00 259.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 156.41 259.40 Td (Of) Tj ET Q q 0 0 0 rg BT 164.71 259.40 Td (ficer ) Tj ET Q q 0 0 0 rg BT 181.01 259.40 Td (of ) Tj ET Q q 0 0 0 rg BT 189.32 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 200.73 259.40 Td (Company) Tj ET Q q 0 0 0 rg BT 231.32 259.40 Td (. ) Tj ET Q q 0 0 0 rg BT 234.97 259.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 244.30 259.40 Td (. ) Tj ET Q q 0 0 0 rg BT 247.95 259.40 Td (Frank ) Tj ET Q q 0 0 0 rg BT 268.26 259.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 298.78 259.40 Td (serves ) Tj ET Q q 0 0 0 rg BT 320.41 259.40 Td (as ) Tj ET Q q 0 0 0 rg BT 328.72 259.40 Td (a ) Tj ET Q q 0 0 0 rg BT 333.92 259.40 Td (member ) Tj ET Q q 0 0 0 rg BT 361.77 259.40 Td (of ) Tj ET Q q 0 0 0 rg BT 370.08 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 381.14 259.40 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 412.56 259.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 449.75 259.40 Td (of ) Tj ET Q q 0 0 0 rg BT 458.06 259.40 Td (the ) Tj ET Q q 0 0 0 rg BT 469.48 259.40 Td (Sigma-Bleyzer ) Tj ET Q q 0 0 0 rg BT 519.11 259.40 Td (GrowthFund ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 249.80 Td (IV) Tj ET Q q 0 0 0 rg BT 57.41 249.80 Td (. ) Tj ET Q q 0 0 0 rg BT 61.37 249.80 Td (From ) Tj ET Q q 0 0 0 rg BT 80.67 249.80 Td (1997 ) Tj ET Q q 0 0 0 rg BT 98.63 249.80 Td (to ) Tj ET Q q 0 0 0 rg BT 106.82 249.80 Td (2001, ) Tj ET Q q 0 0 0 rg BT 126.78 249.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 136.12 249.80 Td (. ) Tj ET Q q 0 0 0 rg BT 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312.75 230.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.43 230.60 Td (GE ) Tj ET Q q 0 0 0 rg BT 334.10 230.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 359.22 230.60 Td (Services. ) Tj ET Q q 0 0 0 rg BT 390.33 230.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 399.67 230.60 Td (. ) Tj ET Q q 0 0 0 rg BT 403.68 230.60 Td (Frank ) Tj ET Q q 0 0 0 rg BT 424.35 230.60 Td (served ) Tj ET Q q 0 0 0 rg BT 447.24 230.60 Td (as ) Tj ET Q q 0 0 0 rg BT 455.92 230.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 475.70 230.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 509.70 230.60 Td (Of) Tj ET Q q 0 0 0 rg BT 517.99 230.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 534.66 230.60 Td (of ) Tj ET Q q 0 0 0 rg BT 543.33 230.60 Td (Frank ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 221.00 Td (and ) Tj ET Q q 0 0 0 rg BT 63.47 221.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 96.50 221.00 Td (from ) Tj ET Q q 0 0 0 rg BT 113.96 221.00 Td (1987 ) Tj ET Q q 0 0 0 rg BT 131.88 221.00 Td (to ) Tj ET Q q 0 0 0 rg BT 140.02 221.00 Td (1988, ) Tj ET Q q 0 0 0 rg BT 159.94 221.00 Td (and ) Tj ET Q q 0 0 0 rg BT 173.27 221.00 Td (V) Tj ET Q q 0 0 0 rg BT 178.57 221.00 Td (ice ) Tj ET Q q 0 0 0 rg BT 189.81 221.00 Td (President ) Tj ET Q q 0 0 0 rg BT 221.50 221.00 Td (of ) Tj ET Q q 0 0 0 rg BT 230.08 221.00 Td (Salomon ) Tj ET Q q 0 0 0 rg BT 260.45 221.00 Td (Brothers ) Tj ET Q q 0 0 0 rg BT 289.92 221.00 Td (from ) Tj ET Q q 0 0 0 rg BT 307.38 221.00 Td (1978 ) Tj ET Q q 0 0 0 rg BT 325.30 221.00 Td (until ) Tj ET Q q 0 0 0 rg BT 341.89 221.00 Td (1987. ) Tj ET Q q 0 0 0 rg BT 361.81 221.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 371.14 221.00 Td (. ) Tj ET Q q 0 0 0 rg BT 375.06 221.00 Td (Frank ) Tj ET Q q 0 0 0 rg BT 395.64 221.00 Td (has ) Tj ET Q q 0 0 0 rg BT 408.22 221.00 Td (held ) Tj ET Q q 0 0 0 rg BT 423.92 221.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 445.38 221.00 Td (academic ) Tj ET Q q 0 0 0 rg BT 477.50 221.00 Td (and ) Tj ET Q q 0 0 0 rg BT 490.97 221.00 Td (government ) Tj ET Q q 0 0 0 rg BT 531.10 221.00 Td (positions, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 211.40 Td (including ) Tj ET Q q 0 0 0 rg BT 82.81 211.40 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 108.39 211.40 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 140.32 211.40 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 173.12 211.40 Td (of ) Tj ET Q q 0 0 0 rg BT 182.38 211.40 Td (State ) Tj ET Q q 0 0 0 rg BT 200.97 211.40 Td (and ) Tj ET Q q 0 0 0 rg BT 215.12 211.40 Td (Chief ) Tj ET Q q 0 0 0 rg BT 235.49 211.40 Td (Economist ) Tj ET Q q 0 0 0 rg BT 272.30 211.40 Td (at ) Tj ET Q q 0 0 0 rg BT 280.67 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 293.04 211.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 309.86 211.40 Td (Department ) Tj ET Q q 0 0 0 rg BT 350.22 211.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.48 211.40 Td (State, ) Tj ET Q q 0 0 0 rg BT 380.07 211.40 Td (Senior ) Tj ET Q q 0 0 0 rg BT 403.55 211.40 Td (Fellow ) Tj ET Q q 0 0 0 rg BT 428.37 211.40 Td (at ) Tj ET Q q 0 0 0 rg BT 436.74 211.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.11 211.40 Td (Brookings ) Tj ET Q q 0 0 0 rg BT 485.04 211.40 Td (Institution, ) Tj ET Q q 0 0 0 rg BT 522.53 211.40 Td (Professor ) Tj ET Q q 0 0 0 rg BT 555.34 211.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 201.80 Td (Economics ) Tj ET Q q 0 0 0 rg BT 88.23 201.80 Td (and ) Tj ET Q q 0 0 0 rg BT 102.47 201.80 Td (International ) Tj ET Q q 0 0 0 rg BT 145.43 201.80 Td (Af) Tj ET Q q 0 0 0 rg BT 153.73 201.80 Td (fairs ) Tj ET Q q 0 0 0 rg BT 170.63 201.80 Td (at ) Tj ET Q q 0 0 0 rg BT 179.09 201.80 Td (Princeton ) Tj ET Q q 0 0 0 rg BT 212.43 201.80 Td (University) Tj ET Q q 0 0 0 rg BT 245.69 201.80 Td (, ) Tj ET Q q 0 0 0 rg BT 250.37 201.80 Td (and ) Tj ET Q q 0 0 0 rg BT 264.02 201.80 Td (Assistant ) Tj ET Q q 0 0 0 rg BT 296.04 201.80 Td (Professor ) Tj ET Q q 0 0 0 rg BT 328.94 201.80 Td (of ) Tj ET Q q 0 0 0 rg BT 338.29 201.80 Td (Economics ) Tj ET Q q 0 0 0 rg BT 376.53 201.80 Td (at ) Tj ET Q q 0 0 0 rg BT 384.59 201.80 Td (Y) Tj ET Q q 0 0 0 rg BT 389.56 201.80 Td (ale ) Tj ET Q q 0 0 0 rg BT 401.57 201.80 Td (University) Tj ET Q q 0 0 0 rg BT 434.83 201.80 Td (. ) Tj ET Q q 0 0 0 rg BT 439.51 201.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 448.85 201.80 Td (. ) Tj ET Q q 0 0 0 rg BT 453.53 201.80 Td (Frank ) Tj ET Q q 0 0 0 rg BT 474.88 201.80 Td (graduated ) Tj ET Q q 0 0 0 rg BT 509.11 201.80 Td (from ) Tj ET Q q 0 0 0 rg BT 527.34 201.80 Td (Rensselaer ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 192.20 Td (Polytechnic ) Tj ET Q q 0 0 0 rg BT 89.86 192.20 Td (Institute ) Tj ET Q q 0 0 0 rg BT 118.18 192.20 Td (with ) Tj ET Q q 0 0 0 rg BT 134.50 192.20 Td (a ) Tj ET Q q 0 0 0 rg BT 140.14 192.20 Td (B.S. ) Tj ET Q q 0 0 0 rg BT 156.02 192.20 Td (in ) Tj ET Q q 0 0 0 rg BT 164.34 192.20 Td (mathematics ) Tj ET Q q 0 0 0 rg BT 206.86 192.20 Td (and ) Tj ET Q q 0 0 0 rg BT 220.51 192.20 Td (economics ) Tj ET Q q 0 0 0 rg BT 256.81 192.20 Td (before ) Tj ET Q q 0 0 0 rg BT 279.34 192.20 Td (completing ) Tj ET Q q 0 0 0 rg BT 317.42 192.20 Td (a ) Tj ET Q q 0 0 0 rg BT 323.07 192.20 Td (Ph.D. ) Tj ET Q q 0 0 0 rg BT 343.39 192.20 Td (in ) Tj ET Q q 0 0 0 rg BT 351.71 192.20 Td (economics ) Tj ET Q q 0 0 0 rg BT 388.01 192.20 Td (at ) Tj ET Q q 0 0 0 rg BT 395.88 192.20 Td (Princeton ) Tj ET Q q 0 0 0 rg BT 428.64 192.20 Td (University) Tj ET Q q 0 0 0 rg BT 461.89 192.20 Td (. ) Tj ET Q q 0 0 0 rg BT 465.99 192.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 475.32 192.20 Td (. ) Tj ET Q q 0 0 0 rg BT 479.42 192.20 Td (Frank ) Tj ET Q q 0 0 0 rg BT 500.18 192.20 Td (brings ) Tj ET Q q 0 0 0 rg BT 522.27 192.20 Td (to ) Tj ET Q q 0 0 0 rg BT 530.59 192.20 Td (the ) Tj ET Q q 0 0 0 rg BT 542.46 192.20 Td (Board ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 182.60 Td (35 ) Tj ET Q q 0 0 0 rg BT 59.54 182.60 Td (years) Tj ET Q q 0 0 0 rg BT 78.48 182.60 Td ( ) Tj ET Q q 0 0 0 rg BT 80.02 182.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 116.20 182.60 Td (in ) Tj ET Q q 0 0 0 rg BT 123.95 182.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.26 182.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 164.78 182.60 Td (services ) Tj ET Q q 0 0 0 rg BT 192.08 182.60 Td (industry) Tj ET Q q 0 0 0 rg BT 217.79 182.60 Td (, ) Tj ET Q q 0 0 0 rg BT 221.32 182.60 Td (including ) Tj ET Q q 0 0 0 rg BT 253.07 182.60 Td (17 ) Tj ET Q q 0 0 0 rg BT 262.61 182.60 Td (years ) Tj ET Q q 0 0 0 rg BT 281.02 182.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 306.99 182.60 Td (to ) Tj ET Q q 0 0 0 rg BT 314.75 182.60 Td (Central ) Tj ET Q q 0 0 0 rg BT 339.83 182.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.92 182.60 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 378.44 182.60 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 405.08 182.60 Td (as ) Tj ET Q q 0 0 0 rg BT 413.28 182.60 Td (well ) Tj ET Q q 0 0 0 rg BT 428.59 182.60 Td (as ) Tj ET Q q 0 0 0 rg BT 436.79 182.60 Td (notable ) Tj ET Q q 0 0 0 rg BT 461.87 182.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 482.95 182.60 Td (management ) Tj ET Q q 0 0 0 rg BT 525.36 182.60 Td (experience.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 167.00 Td (Alfr) Tj ET Q q 0 0 0 rg BT 62.15 167.00 Td (ed ) Tj ET Q q 0 0 0 rg BT 72.21 167.00 Td (W) Tj ET Q q 0 0 0 rg BT 78.14 167.00 Td (. ) Tj ET Q q 0 0 0 rg BT 82.64 167.00 Td (Langer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 105.76 167.00 Td (, ) Tj ET Q q 0 0 0 rg BT 110.26 167.00 Td (63, ) Tj ET Q q 0 0 0 rg BT 122.77 167.00 Td (has ) Tj ET Q q 0 0 0 rg BT 135.94 167.00 Td (served ) Tj ET Q q 0 0 0 rg BT 159.33 167.00 Td (as ) Tj ET Q q 0 0 0 rg BT 168.50 167.00 Td (a ) Tj ET Q q 0 0 0 rg BT 174.55 167.00 Td (Director ) Tj ET Q q 0 0 0 rg BT 203.71 167.00 Td (since ) Tj ET Q q 0 0 0 rg BT 222.66 167.00 Td (2000. ) Tj ET Q q 0 0 0 rg BT 243.17 167.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 252.50 167.00 Td (. ) Tj ET Q q 0 0 0 rg BT 257.01 167.00 Td (Langer ) Tj ET Q q 0 0 0 rg BT 282.17 167.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 313.55 167.00 Td (serves ) Tj ET Q q 0 0 0 rg BT 336.05 167.00 Td (as ) Tj ET Q q 0 0 0 rg BT 345.22 167.00 Td (a ) Tj ET Q q 0 0 0 rg BT 351.28 167.00 Td (consultant ) Tj ET Q q 0 0 0 rg BT 386.67 167.00 Td (to ) Tj ET Q q 0 0 0 rg BT 395.40 167.00 Td (a ) Tj ET Q q 0 0 0 rg BT 401.45 167.00 Td (number ) Tj ET Q q 0 0 0 rg BT 428.40 167.00 Td (of ) Tj ET Q q 0 0 0 rg BT 437.57 167.00 Td (privately ) Tj ET Q q 0 0 0 rg BT 468.51 167.00 Td (held ) Tj ET Q q 0 0 0 rg BT 484.79 167.00 Td (companies, ) Tj ET Q q 0 0 0 rg BT 523.51 167.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 555.78 167.00 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 157.40 Td (Germany) Tj ET Q q 0 0 0 rg BT 79.25 157.40 Td (, ) Tj ET Q q 0 0 0 rg BT 83.25 157.40 Td (in ) Tj ET Q q 0 0 0 rg BT 91.47 157.40 Td (the ) Tj ET Q q 0 0 0 rg BT 103.25 157.40 Td (areas ) Tj ET Q q 0 0 0 rg BT 121.68 157.40 Td (of ) Tj ET Q q 0 0 0 rg BT 130.35 157.40 Td (mer) Tj ET Q q 0 0 0 rg BT 142.64 157.40 Td (gers ) Tj ET Q q 0 0 0 rg BT 157.97 157.40 Td (and ) Tj ET Q q 0 0 0 rg BT 171.53 157.40 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 213.75 157.40 Td (structured ) Tj ET Q q 0 0 0 rg BT 247.74 157.40 Td (financing ) Tj ET Q q 0 0 0 rg BT 279.96 157.40 Td (and ) Tj ET Q q 0 0 0 rg BT 293.51 157.40 Td (or) Tj ET Q q 0 0 0 rg BT 300.03 157.40 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 341.13 157.40 Td (matters. ) Tj ET Q q 0 0 0 rg BT 368.67 157.40 Td (From ) Tj ET Q q 0 0 0 rg BT 388.01 157.40 Td (July ) Tj ET Q q 0 0 0 rg BT 403.35 157.40 Td (2001 ) Tj ET Q q 0 0 0 rg BT 421.36 157.40 Td (until ) Tj ET Q q 0 0 0 rg BT 438.03 157.40 Td (June ) Tj ET Q q 0 0 0 rg BT 454.69 157.40 Td (2002, ) Tj ET Q q 0 0 0 rg BT 474.70 157.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 484.03 157.40 Td (. ) Tj ET Q q 0 0 0 rg BT 488.04 157.40 Td (Langer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.69 157.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.69 157.40 Td (served ) Tj ET Q q 0 0 0 rg BT 535.57 157.40 Td (as ) Tj ET Q q 0 0 0 rg BT 544.24 157.40 Td (Chief ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 147.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 81.31 147.80 Td (Of) Tj ET Q q 0 0 0 rg BT 89.60 147.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 105.79 147.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.99 147.80 Td (Solvadis ) Tj ET Q q 0 0 0 rg BT 142.75 147.80 Td (AG, ) Tj ET Q q 0 0 0 rg BT 157.84 147.80 Td (a ) Tj ET Q q 0 0 0 rg BT 162.92 147.80 Td (German ) Tj ET Q q 0 0 0 rg BT 190.23 147.80 Td (based ) Tj ET Q q 0 0 0 rg BT 209.98 147.80 Td (chemical ) Tj ET Q q 0 0 0 rg BT 240.38 147.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 278.81 147.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.90 147.80 Td (trading ) Tj ET Q q 0 0 0 rg BT 316.09 147.80 Td (company) Tj ET Q q 0 0 0 rg BT 344.90 147.80 Td (. ) Tj ET Q q 0 0 0 rg BT 348.44 147.80 Td (From ) Tj ET Q q 0 0 0 rg BT 367.31 147.80 Td (October ) Tj ET Q q 0 0 0 rg BT 394.61 147.80 Td (1999 ) Tj ET Q q 0 0 0 rg BT 412.15 147.80 Td (until ) Tj ET Q q 0 0 0 rg BT 428.35 147.80 Td (May ) Tj ET Q q 0 0 0 rg BT 444.55 147.80 Td (2001, ) Tj ET Q q 0 0 0 rg BT 464.09 147.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 473.42 147.80 Td (. ) Tj ET Q q 0 0 0 rg BT 476.96 147.80 Td (Langer ) Tj ET Q q 0 0 0 rg BT 501.15 147.80 Td (served ) Tj ET Q q 0 0 0 rg BT 523.56 147.80 Td (as ) Tj ET Q q 0 0 0 rg BT 531.65 147.80 Td (T) Tj ET Q q 0 0 0 rg BT 536.26 147.80 Td (reasurer ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 138.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.47 138.20 Td (Celanese ) Tj ET Q q 0 0 0 rg BT 88.76 138.20 Td (AG, ) Tj ET Q q 0 0 0 rg BT 104.12 138.20 Td (a ) Tj ET Q q 0 0 0 rg BT 109.48 138.20 Td (German ) Tj ET Q q 0 0 0 rg BT 137.05 138.20 Td (listed ) Tj ET Q q 0 0 0 rg BT 156.19 138.20 Td (chemical ) Tj ET Q q 0 0 0 rg BT 186.87 138.20 Td (company) Tj ET Q q 0 0 0 rg BT 215.68 138.20 Td (. ) Tj ET Q q 0 0 0 rg BT 219.49 138.20 Td (From ) Tj ET Q q 0 0 0 rg BT 238.63 138.20 Td (June ) Tj ET Q q 0 0 0 rg BT 255.10 138.20 Td (1997 ) Tj ET Q q 0 0 0 rg BT 272.91 138.20 Td (until ) Tj ET Q q 0 0 0 rg BT 289.39 138.20 Td (October ) Tj ET Q q 0 0 0 rg BT 316.96 138.20 Td (1999, ) Tj ET Q q 0 0 0 rg BT 336.77 138.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 346.11 138.20 Td (. ) Tj ET Q q 0 0 0 rg BT 349.92 138.20 Td (Langer ) Tj ET Q q 0 0 0 rg BT 374.38 138.20 Td (served ) Tj ET Q q 0 0 0 rg BT 397.07 138.20 Td (as ) Tj ET Q q 0 0 0 rg BT 405.54 138.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 425.12 138.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 456.70 138.20 Td (Of) Tj ET Q q 0 0 0 rg BT 465.00 138.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 481.46 138.20 Td (of ) Tj ET Q q 0 0 0 rg BT 489.93 138.20 Td (Celanese ) Tj ET Q q 0 0 0 rg BT 520.61 138.20 Td (Corp., ) Tj ET Q q 0 0 0 rg BT 542.42 138.20 Td (a ) Tj ET Q q 0 0 0 rg BT 547.78 138.20 Td (U.S. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 128.60 Td (chemical ) Tj ET Q q 0 0 0 rg BT 80.85 128.60 Td (company) Tj ET Q q 0 0 0 rg BT 109.65 128.60 Td (. ) Tj ET Q q 0 0 0 rg BT 113.63 128.60 Td (From ) Tj ET Q q 0 0 0 rg BT 132.94 128.60 Td (October ) Tj ET Q q 0 0 0 rg BT 160.69 128.60 Td (1994 ) Tj ET Q q 0 0 0 rg BT 178.67 128.60 Td (until ) Tj ET Q q 0 0 0 rg BT 195.31 128.60 Td (July ) Tj ET Q q 0 0 0 rg BT 210.62 128.60 Td (1997, ) Tj ET Q q 0 0 0 rg BT 230.60 128.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 239.94 128.60 Td (. ) Tj ET Q q 0 0 0 rg BT 243.92 128.60 Td (Langer ) Tj ET Q q 0 0 0 rg BT 268.54 128.60 Td (served ) Tj ET Q q 0 0 0 rg BT 291.40 128.60 Td (as ) Tj ET Q q 0 0 0 rg BT 300.04 128.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 319.79 128.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 353.76 128.60 Td (Of) Tj ET Q q 0 0 0 rg BT 362.05 128.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 378.68 128.60 Td (of ) Tj ET Q q 0 0 0 rg BT 387.32 128.60 Td (Hoechst ) Tj ET Q q 0 0 0 rg BT 415.37 128.60 Td (T) Tj ET Q q 0 0 0 rg BT 419.98 128.60 Td (revira ) Tj ET Q q 0 0 0 rg BT 440.61 128.60 Td (GmbH, ) Tj ET Q q 0 0 0 rg BT 466.36 128.60 Td (a ) Tj ET Q q 0 0 0 rg BT 471.89 128.60 Td (producer ) Tj ET Q q 0 0 0 rg BT 502.30 128.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.94 128.60 Td (synthetic ) Tj ET Q q 0 0 0 rg BT 541.80 128.60 Td (fibers. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 119.00 Td (From ) Tj ET Q q 0 0 0 rg BT 69.34 119.00 Td (1988 ) Tj ET Q q 0 0 0 rg BT 87.34 119.00 Td (until ) Tj ET Q q 0 0 0 rg BT 104.01 119.00 Td (September ) Tj ET Q q 0 0 0 rg BT 140.22 119.00 Td (1994, ) Tj ET Q q 0 0 0 rg BT 160.22 119.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 169.56 119.00 Td (. ) Tj ET Q q 0 0 0 rg BT 173.56 119.00 Td (Langer ) Tj ET Q q 0 0 0 rg BT 198.22 119.00 Td (served ) Tj ET Q q 0 0 0 rg BT 221.10 119.00 Td (as ) Tj ET Q q 0 0 0 rg BT 229.76 119.00 Td (a ) Tj ET Q q 0 0 0 rg BT 235.32 119.00 Td (member ) Tj ET Q q 0 0 0 rg BT 263.53 119.00 Td (of ) Tj ET Q q 0 0 0 rg BT 272.20 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.97 119.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 305.52 119.00 Td (of ) Tj ET Q q 0 0 0 rg BT 314.19 119.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 357.95 119.00 Td (of ) Tj ET Q q 0 0 0 rg BT 366.62 119.00 Td (Hoechst ) Tj ET Q q 0 0 0 rg BT 394.84 119.00 Td (Holland ) Tj ET Q q 0 0 0 rg BT 422.61 119.00 Td (N.V) Tj ET Q q 0 0 0 rg BT 435.13 119.00 Td (., ) Tj ET Q q 0 0 0 rg BT 441.14 119.00 Td (a ) Tj ET Q q 0 0 0 rg BT 446.69 119.00 Td (regional ) Tj ET Q q 0 0 0 rg BT 474.90 119.00 Td (production ) Tj ET Q q 0 0 0 rg BT 511.56 119.00 Td (and ) Tj ET Q q 0 0 0 rg BT 525.12 119.00 Td (distribution ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 109.40 Td (company) Tj ET Q q 0 0 0 rg BT 78.80 109.40 Td (. ) Tj ET Q q 0 0 0 rg BT 82.56 109.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 91.90 109.40 Td (. ) Tj ET Q q 0 0 0 rg BT 95.66 109.40 Td (Langer ) Tj ET Q q 0 0 0 rg BT 120.07 109.40 Td (received ) Tj ET Q q 0 0 0 rg BT 148.92 109.40 Td (an ) Tj ET Q q 0 0 0 rg BT 158.23 109.40 Td (M.B.A. ) Tj ET Q q 0 0 0 rg BT 184.21 109.40 Td (degree ) Tj ET Q q 0 0 0 rg BT 207.29 109.40 Td (from ) Tj ET Q q 0 0 0 rg BT 224.60 109.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.13 109.40 Td (University ) Tj ET Q q 0 0 0 rg BT 271.66 109.40 Td (GH ) Tj ET Q q 0 0 0 rg BT 284.98 109.40 Td (Siegen. ) Tj ET Q q 0 0 0 rg BT 310.51 109.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 319.84 109.40 Td (. ) Tj ET Q q 0 0 0 rg BT 323.60 109.40 Td (Langer ) Tj ET Q q 0 0 0 rg BT 348.01 109.40 Td (brings ) Tj ET Q q 0 0 0 rg BT 369.77 109.40 Td (to ) Tj ET Q q 0 0 0 rg BT 377.75 109.40 Td (our ) Tj ET Q q 0 0 0 rg BT 390.18 109.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 411.49 109.40 Td (and ) Tj ET Q q 0 0 0 rg BT 424.80 109.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 446.11 109.40 Td (committees ) Tj ET Q q 0 0 0 rg BT 484.74 109.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 520.72 109.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 550.46 109.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 99.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.98 99.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 111.31 99.80 Td (expertise.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (93) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Fr) Tj ET Q q 0 0 0 rg BT 57.70 743.45 Td (ed ) Tj ET Q q 0 0 0 rg BT 67.13 743.45 Td (Langhammer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 109.79 743.45 Td (, ) Tj ET Q q 0 0 0 rg BT 113.66 743.45 Td (70, ) Tj ET Q q 0 0 0 rg BT 125.54 743.45 Td (has ) Tj ET Q q 0 0 0 rg BT 138.07 743.45 Td (served ) Tj ET Q q 0 0 0 rg BT 160.82 743.45 Td (as ) Tj ET Q q 0 0 0 rg BT 169.36 743.45 Td (a ) Tj ET Q q 0 0 0 rg BT 174.78 743.45 Td (Director ) Tj ET Q q 0 0 0 rg BT 203.30 743.45 Td (since ) Tj ET Q q 0 0 0 rg BT 221.61 743.45 Td (December ) Tj ET Q q 0 0 0 rg BT 256.35 743.45 Td (2009. ) Tj ET Q q 0 0 0 rg BT 276.22 743.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 285.55 743.45 Td (. ) Tj ET Q q 0 0 0 rg BT 289.43 743.45 Td (Langhammer ) Tj ET Q q 0 0 0 rg BT 333.95 743.45 Td (is ) Tj ET Q q 0 0 0 rg BT 341.15 743.45 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 376.57 743.45 Td (Global ) Tj ET Q q 0 0 0 rg BT 399.80 743.45 Td (Af) Tj ET Q q 0 0 0 rg BT 408.10 743.45 Td (fairs ) Tj ET Q q 0 0 0 rg BT 424.18 743.45 Td (of ) Tj ET Q q 0 0 0 rg BT 432.72 743.45 Td (Este ) Tj ET Q q 0 0 0 rg BT 451.92 743.45 Td (Lauder) Tj ET Q q 0 0 0 rg BT 474.13 743.45 Td (. ) Tj ET Q q 0 0 0 rg BT 478.00 743.45 Td (He ) Tj ET Q q 0 0 0 rg BT 489.20 743.45 Td (joined ) Tj ET Q q 0 0 0 rg BT 511.06 743.45 Td (Este ) Tj ET Q q 0 0 0 rg BT 530.26 743.45 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 554.78 743.45 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.85 Td (1975 ) Tj ET Q q 0 0 0 rg BT 68.04 733.85 Td (and ) Tj ET Q q 0 0 0 rg BT 81.63 733.85 Td (held ) Tj ET Q q 0 0 0 rg BT 97.44 733.85 Td (a ) Tj ET Q q 0 0 0 rg BT 103.04 733.85 Td (variety ) Tj ET Q q 0 0 0 rg BT 127.29 733.85 Td (of ) Tj ET Q q 0 0 0 rg BT 135.99 733.85 Td (executive ) Tj ET Q q 0 0 0 rg BT 168.68 733.85 Td (roles, ) Tj ET Q q 0 0 0 rg BT 188.27 733.85 Td (including ) Tj ET Q q 0 0 0 rg BT 220.53 733.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 240.34 733.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 274.37 733.85 Td (Of) Tj ET Q q 0 0 0 rg BT 282.66 733.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 299.36 733.85 Td (from ) Tj ET Q q 0 0 0 rg BT 316.95 733.85 Td (1999 ) Tj ET Q q 0 0 0 rg BT 334.99 733.85 Td (to ) Tj ET Q q 0 0 0 rg BT 343.25 733.85 Td (2004 ) Tj ET Q q 0 0 0 rg BT 361.29 733.85 Td (and ) Tj ET Q q 0 0 0 rg BT 374.88 733.85 Td (President ) Tj ET Q q 0 0 0 rg BT 406.69 733.85 Td (and ) Tj ET Q q 0 0 0 rg BT 420.28 733.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 440.10 733.85 Td (Operating ) Tj ET Q q 0 0 0 rg BT 474.13 733.85 Td (Of) Tj ET 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705.05 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 472.48 705.05 Td (Policy ) Tj ET Q q 0 0 0 rg BT 494.66 705.05 Td (Association's ) Tj ET Q q 0 0 0 rg BT 539.23 705.05 Td (Global ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 695.45 Td (Social ) Tj ET Q q 0 0 0 rg BT 71.70 695.45 Td (Responsibility ) Tj ET Q q 0 0 0 rg BT 119.25 695.45 Td (A) Tj ET Q q 0 0 0 rg BT 124.29 695.45 Td (ward ) Tj ET Q q 0 0 0 rg BT 141.99 695.45 Td (on ) Tj ET Q q 0 0 0 rg BT 151.69 695.45 Td (behalf ) Tj ET Q q 0 0 0 rg BT 173.38 695.45 Td (of ) Tj ET Q q 0 0 0 rg BT 181.75 695.45 Td (Este ) Tj ET Q q 0 0 0 rg BT 200.77 695.45 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 225.13 695.45 Td (and ) Tj ET Q q 0 0 0 rg BT 238.38 695.45 Td (was ) Tj ET Q q 0 0 0 rg BT 252.52 695.45 Td (honored ) Tj ET Q q 0 0 0 rg BT 280.44 695.45 Td (by ) Tj ET Q q 0 0 0 rg BT 290.14 695.45 Td (the ) Tj ET Q q 0 0 0 rg BT 301.62 695.45 Td (International ) Tj ET Q q 0 0 0 rg BT 344.19 695.45 Td (Center ) Tj ET Q q 0 0 0 rg BT 367.22 695.45 Td 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Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Bruce ) Tj ET Q q 0 0 0 rg BT 70.74 670.25 Td (Maggin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 95.63 670.25 Td (, ) Tj ET Q q 0 0 0 rg BT 99.27 670.25 Td (70, ) Tj ET Q q 0 0 0 rg BT 110.91 670.25 Td (has ) Tj ET Q q 0 0 0 rg BT 123.21 670.25 Td (served ) Tj ET Q q 0 0 0 rg BT 145.73 670.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.04 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.23 670.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 187.52 670.25 Td (since ) Tj ET Q q 0 0 0 rg BT 205.60 670.25 Td (2002.Mr) Tj ET Q q 0 0 0 rg BT 234.94 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 238.58 670.25 Td (Maggin ) Tj ET Q q 0 0 0 rg BT 265.11 670.25 Td (has ) Tj ET Q q 0 0 0 rg BT 277.41 670.25 Td (served, ) Tj ET Q q 0 0 0 rg BT 301.93 670.25 Td (since ) Tj ET Q q 0 0 0 rg BT 320.01 670.25 Td (its ) Tj ET Q q 0 0 0 rg BT 329.21 670.25 Td (inception, ) Tj ET Q q 0 0 0 rg BT 362.62 670.25 Td (as ) Tj ET Q q 0 0 0 rg BT 370.92 670.25 Td (Managing ) Tj ET Q q 0 0 0 rg BT 405.00 670.25 Td (Partner ) Tj ET Q q 0 0 0 rg BT 429.74 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.93 670.25 Td (Principal ) Tj ET Q q 0 0 0 rg BT 473.46 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.76 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.18 670.25 Td (H.A.M ) Tj ET Q q 0 0 0 rg BT 517.48 670.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 539.56 670.25 Td (Group, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.65 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 69.11 660.65 Td (an ) Tj ET Q q 0 0 0 rg BT 78.65 660.65 Td (international ) Tj ET Q q 0 0 0 rg BT 121.08 660.65 Td (investment ) Tj ET Q q 0 0 0 rg BT 158.18 660.65 Td (and ) Tj ET Q q 0 0 0 rg BT 171.73 660.65 Td (advisory ) Tj ET Q q 0 0 0 rg BT 201.27 660.65 Td (firm ) Tj ET Q q 0 0 0 rg BT 217.04 660.65 Td (he ) Tj ET Q q 0 0 0 rg BT 226.59 660.65 Td (founded ) Tj ET Q q 0 0 0 rg BT 254.80 660.65 Td (in ) Tj ET Q q 0 0 0 rg BT 263.02 660.65 Td (1997 ) Tj ET Q q 0 0 0 rg BT 281.02 660.65 Td (that ) Tj ET Q q 0 0 0 rg BT 295.01 660.65 Td 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Td (. ) Tj ET Q q 0 0 0 rg BT 92.69 641.45 Td (Maggin ) Tj ET Q q 0 0 0 rg BT 119.96 641.45 Td (served ) Tj ET Q q 0 0 0 rg BT 143.21 641.45 Td (as ) Tj ET Q q 0 0 0 rg BT 152.26 641.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 172.41 641.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 206.77 641.45 Td (Of) Tj ET Q q 0 0 0 rg BT 215.07 641.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 232.10 641.45 Td (of ) Tj ET Q q 0 0 0 rg BT 240.97 641.45 Td (TDN ) Tj ET Q q 0 0 0 rg BT 259.79 641.45 Td (Media, ) Tj ET Q q 0 0 0 rg BT 284.60 641.45 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 301.19 641.45 Td (a ) Tj ET Q q 0 0 0 rg BT 307.12 641.45 Td (joint ) Tj ET Q q 0 0 0 rg BT 324.17 641.45 Td (venture ) Tj ET Q q 0 0 0 rg BT 350.54 641.45 Td (between ) Tj ET Q q 0 0 0 rg BT 379.39 641.45 Td (Thomson ) Tj ET Q q 0 0 0 rg BT 411.99 641.45 Td (Multimedia, ) Tj ET Q q 0 0 0 rg BT 453.70 641.45 Td (NBC ) Tj ET Q q 0 0 0 rg BT 472.36 641.45 Td (T) Tj ET Q q 0 0 0 rg BT 476.68 641.45 Td (elevision ) Tj ET Q q 0 0 0 rg BT 507.94 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BT 317.85 622.25 Td (Multimedia ) Tj ET Q q 0 0 0 rg BT 357.77 622.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 382.81 622.25 Td (one ) Tj ET Q q 0 0 0 rg BT 396.96 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.22 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.60 622.25 Td (company) Tj ET Q q 0 0 0 rg BT 450.14 622.25 Td (s ) Tj ET Q q 0 0 0 rg BT 455.86 622.25 Td (five ) Tj ET Q q 0 0 0 rg BT 470.89 622.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 503.70 622.25 Td (divisions. ) Tj ET Q q 0 0 0 rg BT 537.19 622.25 Td (He ) Tj ET Q q 0 0 0 rg BT 549.12 622.25 Td (also ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 612.65 Td (represented ) Tj ET Q q 0 0 0 rg BT 89.27 612.65 Td (Capital ) Tj ET Q q 0 0 0 rg BT 114.77 612.65 Td (Cities/ABC ) Tj ET Q q 0 0 0 rg BT 154.51 612.65 Td (on ) Tj ET Q q 0 0 0 rg BT 164.91 612.65 Td (the ) Tj ET Q q 0 0 0 rg BT 177.09 612.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 199.04 612.65 Td (of ) Tj ET Q q 0 0 0 rg BT 208.10 612.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 240.27 612.65 Td (of ) Tj ET Q q 0 0 0 rg BT 249.33 612.65 Td (several ) Tj ET Q q 0 0 0 rg BT 274.39 612.65 Td (companies, ) Tj ET Q q 0 0 0 rg BT 313.00 612.65 Td (including ) Tj ET Q q 0 0 0 rg BT 345.62 612.65 Td (ESPN, ) Tj ET Q q 0 0 0 rg BT 369.58 612.65 Td (Lifetime ) Tj ET Q q 0 0 0 rg BT 399.52 612.65 Td (Cable ) Tj ET Q q 0 0 0 rg BT 420.41 612.65 Td (T) Tj ET Q q 0 0 0 rg BT 424.74 612.65 Td (elevision ) Tj ET Q q 0 0 0 rg BT 456.02 612.65 Td (and ) Tj ET Q q 0 0 0 rg BT 469.97 612.65 Td (In-Store ) Tj ET Q q 0 0 0 rg BT 498.06 612.65 Td (Advertising, ) Tj ET Q q 0 0 0 rg BT 540.23 612.65 Td (among ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.05 Td (others. ) Tj ET Q q 0 0 0 rg BT 73.91 603.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 83.25 603.05 Td (. ) Tj ET Q q 0 0 0 rg BT 87.61 603.05 Td (Maggin ) Tj ET Q q 0 0 0 rg BT 114.86 603.05 Td (has ) Tj ET Q q 0 0 0 rg BT 127.89 603.05 Td (been ) Tj ET Q q 0 0 0 rg BT 145.36 603.05 Td (a ) Tj ET Q q 0 0 0 rg BT 151.27 603.05 Td (Director 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Tj ET Q q 0 0 0 rg BT 394.88 593.45 Td (from ) Tj ET Q q 0 0 0 rg BT 411.87 593.45 Td (Cornell ) Tj ET Q q 0 0 0 rg BT 437.31 593.45 Td (University) Tj ET Q q 0 0 0 rg BT 470.57 593.45 Td (. ) Tj ET Q q 0 0 0 rg BT 474.01 593.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 483.34 593.45 Td (. ) Tj ET Q q 0 0 0 rg BT 486.79 593.45 Td (Maggin) Tj ET Q q 0 0 0 rg BT 513.90 593.45 Td (s ) Tj ET Q q 0 0 0 rg BT 518.45 593.45 Td (qualifications ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 583.85 Td (to ) Tj ET Q q 0 0 0 rg BT 58.33 583.85 Td (serve ) Tj ET Q q 0 0 0 rg BT 77.31 583.85 Td (on ) Tj ET Q q 0 0 0 rg BT 87.41 583.85 Td (our ) Tj ET Q q 0 0 0 rg BT 100.18 583.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 121.83 583.85 Td (and ) Tj ET Q q 0 0 0 rg BT 135.48 583.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 157.14 583.85 Td (committees ) Tj ET Q q 0 0 0 rg BT 196.12 583.85 Td (include ) Tj ET Q q 0 0 0 rg BT 221.77 583.85 Td (his ) Tj ET Q q 0 0 0 rg BT 233.21 583.85 Td (long ) Tj ET Q q 0 0 0 rg BT 249.53 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Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 558.65 Td (Parm ) Tj ET Q q 0 0 0 rg BT 69.28 558.65 Td (Sandhu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.28 558.65 Td (, ) Tj ET Q q 0 0 0 rg BT 96.79 558.65 Td (45, ) Tj ET Q q 0 0 0 rg BT 108.29 558.65 Td (has ) Tj ET Q q 0 0 0 rg BT 120.46 558.65 Td (served ) Tj ET Q q 0 0 0 rg BT 142.84 558.65 Td (as ) Tj ET Q q 0 0 0 rg BT 151.01 558.65 Td (a ) Tj ET Q q 0 0 0 rg BT 156.07 558.65 Td (Director ) Tj ET Q q 0 0 0 rg BT 184.23 558.65 Td (since ) Tj ET Q q 0 0 0 rg BT 202.17 558.65 Td (September ) Tj ET Q q 0 0 0 rg BT 237.88 558.65 Td (2009. ) Tj ET Q q 0 0 0 rg BT 257.39 558.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 266.73 558.65 Td (. ) Tj ET Q q 0 0 0 rg BT 270.23 558.65 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 295.74 558.65 Td (is ) Tj ET Q q 0 0 0 rg BT 302.58 558.65 Td (a ) Tj ET Q q 0 0 0 rg BT 307.63 558.65 Td (non-executive ) Tj ET Q q 0 0 0 rg BT 354.45 558.65 Td (director ) Tj ET Q q 0 0 0 rg BT 380.83 558.65 Td (of ) Tj ET Q q 0 0 0 rg BT 389.00 558.65 Td (Eircom, ) Tj ET Q q 0 0 0 rg BT 416.05 558.65 Td (Ireland) Tj ET Q q 0 0 0 rg BT 440.92 558.65 Td (s ) Tj ET Q q 0 0 0 rg BT 445.54 558.65 Td (incumbent ) Tj ET Q q 0 0 0 rg BT 480.82 558.65 Td (telecoms ) Tj ET Q q 0 0 0 rg BT 510.76 558.65 Td (service ) Tj ET Q q 0 0 0 rg BT 534.91 558.65 Td (provider ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.05 Td (and ) Tj ET Q q 0 0 0 rg BT 63.10 549.05 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 96.19 549.05 Td (of ) Tj ET Q q 0 0 0 rg BT 104.40 549.05 Td (Merapar) Tj ET Q q 0 0 0 rg BT 131.17 549.05 Td (, ) Tj ET Q q 0 0 0 rg BT 134.71 549.05 Td (an ) Tj ET Q q 0 0 0 rg BT 143.81 549.05 Td (early ) Tj ET Q q 0 0 0 rg BT 161.34 549.05 Td (stage ) Tj ET Q q 0 0 0 rg BT 179.33 549.05 Td (European ) Tj ET Q q 0 0 0 rg BT 211.52 549.05 Td (media ) Tj ET Q q 0 0 0 rg BT 232.62 549.05 Td (and ) Tj ET Q q 0 0 0 rg BT 245.71 549.05 Td (technology ) Tj ET Q q 0 0 0 rg BT 282.80 549.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 319.45 549.05 Td (fund ) Tj ET Q q 0 0 0 rg BT 335.66 549.05 Td (and ) Tj ET Q q 0 0 0 rg BT 348.76 549.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 377.85 549.05 Td (firm. ) Tj ET Q q 0 0 0 rg BT 395.17 549.05 Td (He ) Tj ET Q q 0 0 0 rg BT 406.04 549.05 Td (served ) Tj ET Q q 0 0 0 rg BT 428.47 549.05 Td (as ) Tj ET Q q 0 0 0 rg BT 436.68 549.05 Td (Chief ) Tj ET Q q 0 0 0 rg BT 456.00 549.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 489.53 549.05 Td (Of) Tj ET Q q 0 0 0 rg BT 497.82 549.05 Td (ficer ) Tj ET Q q 0 0 0 rg BT 514.02 549.05 Td (of ) Tj ET Q q 0 0 0 rg BT 522.23 549.05 Td (Unitymedia, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 539.45 Td (Europe) Tj ET Q q 0 0 0 rg BT 75.32 539.45 Td (s ) Tj ET Q q 0 0 0 rg BT 80.66 539.45 Td (third ) Tj ET Q q 0 0 0 rg BT 97.99 539.45 Td (lar) Tj ET Q q 0 0 0 rg BT 106.28 539.45 Td (gest ) Tj ET Q q 0 0 0 rg BT 121.39 539.45 Td (cable ) Tj ET Q q 0 0 0 rg BT 140.48 539.45 Td (operator) Tj ET Q q 0 0 0 rg BT 166.81 539.45 Td (, ) Tj ET Q q 0 0 0 rg BT 171.03 539.45 Td (from ) Tj ET Q q 0 0 0 rg BT 188.80 539.45 Td (2003 ) Tj ET Q q 0 0 0 rg BT 207.02 539.45 Td (to ) Tj ET Q q 0 0 0 rg BT 215.46 539.45 Td (2010. ) Tj ET Q q 0 0 0 rg BT 235.68 539.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 253.90 539.45 Td (to ) Tj ET Q q 0 0 0 rg BT 262.35 539.45 Td (that, ) Tj ET Q q 0 0 0 rg BT 278.56 539.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 287.90 539.45 Td (. ) Tj ET Q q 0 0 0 rg BT 292.12 539.45 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 318.34 539.45 Td (was ) Tj ET Q q 0 0 0 rg BT 333.00 539.45 Td (a ) Tj ET Q q 0 0 0 rg BT 338.77 539.45 Td (Finance ) Tj ET Q q 0 0 0 rg BT 366.31 539.45 Td (Director ) Tj ET Q q 0 0 0 rg BT 395.19 539.45 Td (with ) Tj ET Q q 0 0 0 rg BT 411.63 539.45 Td (Liberty ) Tj ET Q q 0 0 0 rg BT 437.39 539.45 Td (Media ) Tj ET Q q 0 0 0 rg BT 460.05 539.45 Td (International, ) Tj ET Q q 0 0 0 rg BT 505.14 539.45 Td (where ) Tj ET Q q 0 0 0 rg BT 526.91 539.45 Td (he ) Tj ET Q q 0 0 0 rg BT 536.68 539.45 Td (pursued ) Tj ET Q BT /F2 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529.85 Td (Communications ) Tj ET Q q 0 0 0 rg BT 499.44 529.85 Td (plc. ) Tj ET Q q 0 0 0 rg BT 512.63 529.85 Td (Before ) Tj ET Q q 0 0 0 rg BT 535.80 529.85 Td (entering ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.64 520.25 Td (technology) Tj ET Q q 0 0 0 rg BT 96.67 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 100.53 520.25 Td (media ) Tj ET Q q 0 0 0 rg BT 121.94 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.36 520.25 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 201.65 520.25 Td (sector) Tj ET Q q 0 0 0 rg BT 220.43 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 224.29 520.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 233.63 520.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.49 520.25 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 263.36 520.25 Td (worked ) Tj ET Q q 0 0 0 rg BT 289.21 520.25 Td (at ) Tj ET Q q 0 0 0 rg BT 296.85 520.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 378.25 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.33 520.25 Td (London, ) Tj ET Q q 0 0 0 rg BT 415.08 520.25 Td (where ) Tj ET Q q 0 0 0 rg BT 436.49 520.25 Td (he ) Tj ET Q q 0 0 0 rg BT 445.91 520.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 476.20 520.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.73 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 490.15 520.25 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 523.14 520.25 Td (Accountant. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 510.65 Td (He ) Tj ET Q q 0 0 0 rg BT 61.84 510.65 Td (is ) Tj ET Q q 0 0 0 rg BT 69.69 510.65 Td (a ) Tj ET Q q 0 0 0 rg BT 75.76 510.65 Td (graduate ) Tj ET Q q 0 0 0 rg BT 105.81 510.65 Td (of ) Tj ET Q q 0 0 0 rg BT 114.99 510.65 Td (Cambridge ) Tj ET Q q 0 0 0 rg BT 153.05 510.65 Td (University ) Tj ET Q q 0 0 0 rg BT 189.34 510.65 Td (and ) Tj ET Q q 0 0 0 rg BT 203.41 510.65 Td (holds ) Tj ET Q q 0 0 0 rg BT 223.26 510.65 Td (a ) Tj ET Q q 0 0 0 rg BT 229.32 510.65 Td (first ) Tj ET Q q 0 0 0 rg BT 244.72 510.65 Td (class ) Tj ET Q q 0 0 0 rg BT 262.79 510.65 Td (MA) Tj ET Q q 0 0 0 rg BT 275.24 510.65 Td ( ) Tj ET Q q 0 0 0 rg 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0 0 0 rg BT 406.41 447.05 Td (for ) Tj ET Q q 0 0 0 rg BT 417.64 447.05 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 444.64 447.05 Td (In ) Tj ET Q q 0 0 0 rg BT 453.21 447.05 Td (1991, ) Tj ET Q q 0 0 0 rg BT 473.11 447.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 482.45 447.05 Td (. ) Tj ET Q q 0 0 0 rg BT 486.35 447.05 Td (Sickinghe ) Tj ET Q q 0 0 0 rg BT 520.25 447.05 Td (joined ) Tj ET Q q 0 0 0 rg BT 542.15 447.05 Td (NeXT) Tj ET Q q 0 0 0 rg BT 562.00 447.05 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 437.45 Td (Computer ) Tj ET Q q 0 0 0 rg BT 84.46 437.45 Td (as ) Tj ET Q q 0 0 0 rg BT 93.42 437.45 Td (V) Tj ET Q q 0 0 0 rg BT 98.72 437.45 Td (ice ) Tj ET Q q 0 0 0 rg BT 110.51 437.45 Td (President ) Tj ET Q q 0 0 0 rg BT 142.75 437.45 Td (Marketing, ) Tj ET Q q 0 0 0 rg BT 180.54 437.45 Td (then ) Tj ET Q q 0 0 0 rg BT 196.79 437.45 Td (as ) Tj ET Q q 0 0 0 rg BT 205.92 437.45 Td (General ) Tj ET Q q 0 0 0 rg BT 233.70 437.45 Td (Manager ) Tj ET Q q 0 0 0 rg BT 264.60 437.45 Td (France. 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301.55 379.85 Td (his ) Tj ET Q q 0 0 0 rg BT 312.27 379.85 Td (experience ) Tj ET Q q 0 0 0 rg BT 348.30 379.85 Td (as ) Tj ET Q q 0 0 0 rg BT 356.35 379.85 Td (a ) Tj ET Q q 0 0 0 rg BT 361.29 379.85 Td (principal ) Tj ET Q q 0 0 0 rg BT 391.12 379.85 Td (executive ) Tj ET Q q 0 0 0 rg BT 423.15 379.85 Td (of) Tj ET Q q 0 0 0 rg BT 429.67 379.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 445.71 379.85 Td (of ) Tj ET Q q 0 0 0 rg BT 453.77 379.85 Td (a ) Tj ET Q q 0 0 0 rg BT 458.71 379.85 Td (number ) Tj ET Q q 0 0 0 rg BT 484.53 379.85 Td (of ) Tj ET Q q 0 0 0 rg BT 492.58 379.85 Td (media ) Tj ET Q q 0 0 0 rg BT 513.52 379.85 Td (and ) Tj ET Q q 0 0 0 rg BT 526.46 379.85 Td (technology ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 86.21 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.76 370.25 Td (his ) Tj ET Q q 0 0 0 rg BT 111.10 370.25 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 148.20 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.86 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.64 370.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 198.18 370.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 228.17 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.72 370.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 279.70 370.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 300.82 370.25 Td (facing ) Tj ET Q q 0 0 0 rg BT 322.80 370.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 360.35 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.90 370.25 Td (media ) Tj ET Q q 0 0 0 rg BT 395.45 370.25 Td (companies. ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 354.65 Td (Kelli ) Tj ET Q q 0 0 0 rg BT 67.91 354.65 Td (T) Tj ET Q q 0 0 0 rg BT 71.92 354.65 Td (urner) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 89.69 354.65 Td (, ) Tj ET Q q 0 0 0 rg BT 94.05 354.65 Td (43, ) Tj ET Q q 0 0 0 rg BT 106.40 354.65 Td (has ) Tj ET Q q 0 0 0 rg BT 119.42 354.65 Td (served ) Tj ET Q q 0 0 0 rg BT 142.66 354.65 Td (as ) Tj ET Q q 0 0 0 rg BT 151.67 354.65 Td (a ) Tj ET Q q 0 0 0 rg BT 157.58 354.65 Td (Director ) Tj ET Q q 0 0 0 rg BT 186.59 354.65 Td (since ) Tj ET Q q 0 0 0 rg BT 205.38 354.65 Td (May ) Tj ET Q q 0 0 0 rg BT 222.40 354.65 Td (201) Tj ET Q q 0 0 0 rg BT 234.10 354.65 Td (1. ) Tj ET Q q 0 0 0 rg BT 242.45 354.65 Td (She ) Tj ET Q q 0 0 0 rg BT 256.81 354.65 Td (is ) Tj ET Q q 0 0 0 rg BT 264.50 354.65 Td (general ) Tj ET Q q 0 0 0 rg BT 290.39 354.65 Td (partner ) Tj ET Q q 0 0 0 rg BT 315.40 354.65 Td (of ) Tj ET Q q 0 0 0 rg BT 324.42 354.65 Td (RSL) Tj ET Q q 0 0 0 rg BT 338.79 354.65 Td ( ) Tj ET Q q 0 0 0 rg BT 340.98 354.65 Td (V) Tj ET Q q 0 0 0 rg BT 345.87 354.65 Td (enture ) Tj ET Q q 0 0 0 rg BT 368.21 354.65 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 398.78 354.65 Td (a ) Tj ET Q q 0 0 0 rg BT 404.69 354.65 Td (venture ) Tj ET Q q 0 0 0 rg BT 431.03 354.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 454.70 354.65 Td (fund ) Tj ET Q q 0 0 0 rg BT 471.72 354.65 Td (that ) Tj ET Q q 0 0 0 rg BT 486.07 354.65 Td (is ) Tj ET Q q 0 0 0 rg BT 493.76 354.65 Td (controlled ) Tj ET Q q 0 0 0 rg BT 528.55 354.65 Td (by ) Tj ET Q q 0 0 0 rg BT 538.91 354.65 Td (Ronald ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 345.05 Td (Lauder) Tj ET Q q 0 0 0 rg BT 72.21 345.05 Td (.She ) Tj ET Q q 0 0 0 rg BT 90.52 345.05 Td (was ) Tj ET Q q 0 0 0 rg BT 105.28 345.05 Td (previously ) Tj ET Q q 0 0 0 rg BT 141.36 345.05 Td (President ) Tj ET Q q 0 0 0 rg BT 173.45 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 187.31 345.05 Td (Chief ) Tj ET Q q 0 0 0 rg BT 207.40 345.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 239.48 345.05 Td (Of) Tj ET Q q 0 0 0 rg BT 247.78 345.05 Td (ficer ) Tj ET Q q 0 0 0 rg BT 264.74 345.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.72 345.05 Td (RSL) Tj ET Q q 0 0 0 rg BT 288.09 345.05 Td ( ) Tj ET Q q 0 0 0 rg BT 290.41 345.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 334.48 345.05 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 375.45 345.05 Td (from ) Tj ET Q q 0 0 0 rg BT 393.32 345.05 Td (February ) Tj ET Q q 0 0 0 rg BT 424.51 345.05 Td (201) Tj ET Q q 0 0 0 rg BT 436.21 345.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 442.52 345.05 Td (to ) Tj ET Q q 0 0 0 rg BT 450.55 345.05 Td (April ) Tj ET Q q 0 0 0 rg BT 469.75 345.05 Td (2012. ) Tj ET Q q 0 0 0 rg BT 490.06 345.05 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 504.43 345.05 Td (T) Tj ET Q q 0 0 0 rg BT 509.04 345.05 Td (urner ) Tj ET Q q 0 0 0 rg BT 528.23 345.05 Td (previously ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 335.45 Td (was ) Tj ET Q q 0 0 0 rg BT 63.96 335.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 83.25 335.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 114.53 335.45 Td (Of) Tj ET Q q 0 0 0 rg BT 122.83 335.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 139.00 335.45 Td (and ) Tj ET Q q 0 0 0 rg BT 152.06 335.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 185.45 335.45 Td (V) Tj ET Q q 0 0 0 rg BT 190.75 335.45 Td (ice ) Tj ET Q q 0 0 0 rg BT 201.59 335.45 Td (President ) Tj ET Q q 0 0 0 rg BT 232.88 335.45 Td (of ) Tj ET Q q 0 0 0 rg BT 241.06 335.45 Td (Martha ) Tj ET Q q 0 0 0 rg BT 265.68 335.45 Td (Stewart ) Tj ET Q q 0 0 0 rg BT 291.63 335.45 Td (Living ) Tj ET Q q 0 0 0 rg BT 314.48 335.45 Td (Omnimedia, ) Tj ET Q q 0 0 0 rg BT 355.76 335.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 369.49 335.45 Td (\(MSLO\), ) Tj ET Q q 0 0 0 rg BT 407.66 335.45 Td (a ) Tj ET Q q 0 0 0 rg BT 412.73 335.45 Td (diversified ) Tj ET Q q 0 0 0 rg BT 448.46 335.45 Td (media ) Tj ET Q q 0 0 0 rg BT 469.52 335.45 Td (and ) Tj ET Q q 0 0 0 rg BT 482.59 335.45 Td (merchandising ) Tj ET Q q 0 0 0 rg BT 531.20 335.45 Td (company) Tj ET Q q 0 0 0 rg BT 560.00 335.45 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 325.85 Td (from ) Tj ET Q q 0 0 0 rg BT 67.81 325.85 Td (2009 ) Tj ET Q q 0 0 0 rg BT 86.07 325.85 Td (to ) Tj ET Q q 0 0 0 rg BT 94.55 325.85 Td (201) Tj ET Q q 0 0 0 rg BT 106.25 325.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 114.51 325.85 Td (where ) Tj ET Q q 0 0 0 rg BT 136.31 325.85 Td (she ) Tj ET Q q 0 0 0 rg BT 149.24 325.85 Td (was ) Tj ET Q q 0 0 0 rg BT 163.94 325.85 Td (responsible ) Tj ET Q q 0 0 0 rg BT 202.63 325.85 Td (for ) Tj ET Q q 0 0 0 rg BT 214.22 325.85 Td (all ) Tj ET Q q 0 0 0 rg BT 224.47 325.85 Td (aspects ) Tj ET Q q 0 0 0 rg BT 249.83 325.85 Td (of ) Tj ET Q q 0 0 0 rg BT 258.76 325.85 Td (the ) Tj ET Q q 0 0 0 rg BT 270.79 325.85 Td (company) Tj ET Q q 0 0 0 rg BT 302.34 325.85 Td (s ) Tj ET Q q 0 0 0 rg BT 307.71 325.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.95 325.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 375.54 325.85 Td (while ) Tj ET Q q 0 0 0 rg BT 395.57 325.85 Td (working ) Tj ET Q q 0 0 0 rg BT 424.49 325.85 Td (closely ) Tj ET Q q 0 0 0 rg BT 449.41 325.85 Td (with ) Tj ET Q q 0 0 0 rg BT 465.89 325.85 Td (the ) Tj ET Q q 0 0 0 rg BT 477.92 325.85 Td (executive ) Tj ET Q q 0 0 0 rg BT 510.83 325.85 Td (team ) Tj ET Q q 0 0 0 rg BT 528.64 325.85 Td (in ) Tj ET Q q 0 0 0 rg BT 537.12 325.85 Td (shaping ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (MSLO) Tj ET Q q 0 0 0 rg BT 74.45 316.25 Td (s ) Tj ET Q q 0 0 0 rg BT 79.12 316.25 Td (business ) Tj ET Q q 0 0 0 rg BT 107.79 316.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 134.66 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.77 316.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 170.64 316.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 203.74 316.25 Td (process. ) Tj ET Q q 0 0 0 rg BT 231.29 316.25 Td (She ) Tj ET Q q 0 0 0 rg BT 244.84 316.25 Td (also ) Tj ET Q q 0 0 0 rg BT 259.29 316.25 Td (had ) Tj ET Q q 0 0 0 rg BT 272.39 316.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 303.72 316.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 348.83 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 359.71 316.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 389.25 316.25 Td (planning, ) Tj ET Q q 0 0 0 rg BT 420.80 316.25 Td (treasury) Tj ET Q q 0 0 0 rg BT 446.05 316.25 Td (, ) Tj ET Q q 0 0 0 rg BT 449.60 316.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.14 316.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 517.57 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.67 316.25 Td (reporting, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 306.65 Td (and ) Tj ET Q q 0 0 0 rg BT 63.68 306.65 Td (investor ) Tj ET Q q 0 0 0 rg BT 91.59 306.65 Td (relations, ) Tj ET Q q 0 0 0 rg BT 123.27 306.65 Td (as ) Tj ET Q q 0 0 0 rg BT 132.06 306.65 Td (well ) Tj ET Q q 0 0 0 rg BT 147.97 306.65 Td (as ) Tj ET Q q 0 0 0 rg BT 156.76 306.65 Td (key ) Tj ET Q q 0 0 0 rg BT 170.45 306.65 Td (administrative ) Tj ET Q q 0 0 0 rg BT 218.34 306.65 Td (functions. ) Tj ET Q q 0 0 0 rg BT 251.78 306.65 Td (A) Tj ET Q q 0 0 0 rg BT 257.11 306.65 Td ( ) Tj ET Q q 0 0 0 rg BT 259.25 306.65 Td (lawyer ) Tj ET Q q 0 0 0 rg BT 283.14 306.65 Td (and ) Tj ET Q q 0 0 0 rg BT 296.83 306.65 Td (a ) Tj ET Q q 0 0 0 rg BT 302.51 306.65 Td (CP) Tj ET Q q 0 0 0 rg BT 311.56 306.65 Td (A) Tj ET Q q 0 0 0 rg BT 316.90 306.65 Td ( ) Tj ET Q q 0 0 0 rg BT 319.03 306.65 Td (with ) Tj ET Q q 0 0 0 rg BT 335.38 306.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 371.28 306.65 Td (experience ) Tj ET Q q 0 0 0 rg BT 408.06 306.65 Td (in ) Tj ET Q q 0 0 0 rg BT 416.41 306.65 Td (the ) Tj ET Q q 0 0 0 rg BT 428.32 306.65 Td (media ) Tj ET Q q 0 0 0 rg BT 449.99 306.65 Td (industry) Tj ET Q q 0 0 0 rg BT 475.70 306.65 Td (, ) Tj ET Q q 0 0 0 rg BT 479.83 306.65 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 494.03 306.65 Td (T) Tj ET Q q 0 0 0 rg BT 498.64 306.65 Td (urner ) Tj ET Q q 0 0 0 rg BT 517.65 306.65 Td (joined ) Tj ET Q q 0 0 0 rg BT 539.78 306.65 Td (MSLO ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (from ) Tj ET Q q 0 0 0 rg BT 67.22 297.05 Td (T) Tj ET Q q 0 0 0 rg BT 71.82 297.05 Td (ime ) Tj ET Q q 0 0 0 rg BT 85.49 297.05 Td (W) Tj ET Q q 0 0 0 rg BT 92.40 297.05 Td (arner ) Tj ET Q q 0 0 0 rg BT 110.62 297.05 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 124.63 297.05 Td (in ) Tj ET Q q 0 0 0 rg BT 132.65 297.05 Td (2009, ) Tj ET Q q 0 0 0 rg BT 152.45 297.05 Td (where ) Tj ET Q q 0 0 0 rg BT 173.79 297.05 Td (she ) Tj ET Q q 0 0 0 rg BT 186.25 297.05 Td (held ) Tj ET Q q 0 0 0 rg BT 201.82 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.39 297.05 Td (position ) Tj ET Q q 0 0 0 rg BT 240.97 297.05 Td (of ) Tj ET Q q 0 0 0 rg BT 249.43 297.05 Td (Senior ) Tj ET Q q 0 0 0 rg BT 271.99 297.05 Td (V) Tj ET Q q 0 0 0 rg BT 277.28 297.05 Td (ice ) Tj ET Q q 0 0 0 rg BT 288.40 297.05 Td (President, ) Tj ET Q q 0 0 0 rg BT 321.97 297.05 Td (Operations ) Tj ET Q q 0 0 0 rg BT 358.87 297.05 Td (in ) Tj ET Q q 0 0 0 rg BT 366.89 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 378.46 297.05 Td (Of) Tj ET Q q 0 0 0 rg BT 386.76 297.05 Td (fice ) Tj ET Q q 0 0 0 rg BT 400.54 297.05 Td (of ) Tj ET Q q 0 0 0 rg BT 409.00 297.05 Td (the ) Tj ET Q q 0 0 0 rg BT 420.58 297.05 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 453.92 297.05 Td (and ) Tj ET Q q 0 0 0 rg BT 467.27 297.05 Td (CEO. ) Tj ET Q q 0 0 0 rg BT 487.06 297.05 Td (Prior ) Tj ET Q q 0 0 0 rg BT 504.86 297.05 Td (to ) Tj ET Q q 0 0 0 rg BT 512.88 297.05 Td (that, ) Tj ET Q q 0 0 0 rg BT 528.67 297.05 Td (she ) Tj ET Q q 0 0 0 rg BT 541.13 297.05 Td (served ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 287.45 Td (as ) Tj ET Q q 0 0 0 rg BT 58.53 287.45 Td (SVP) Tj ET Q q 0 0 0 rg BT 72.32 287.45 Td (, ) Tj ET Q q 0 0 0 rg BT 76.19 287.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 106.50 287.45 Td (Development ) Tj ET Q q 0 0 0 rg BT 151.47 287.45 Td (for ) Tj ET Q q 0 0 0 rg BT 162.66 287.45 Td (New ) Tj ET Q q 0 0 0 rg BT 179.64 287.45 Td (Line ) Tj ET Q q 0 0 0 rg BT 196.16 287.45 Td (Cinema ) Tj ET Q q 0 0 0 rg BT 222.91 287.45 Td (from ) Tj ET Q q 0 0 0 rg BT 240.33 287.45 Td (2006 ) Tj ET Q q 0 0 0 rg BT 258.20 287.45 Td (to ) Tj ET Q q 0 0 0 rg BT 266.29 287.45 Td (2007 ) Tj ET Q q 0 0 0 rg BT 284.16 287.45 Td (after ) Tj ET Q q 0 0 0 rg BT 300.68 287.45 Td (having ) Tj ET Q q 0 0 0 rg BT 324.32 287.45 Td (served ) Tj ET Q q 0 0 0 rg BT 347.06 287.45 Td (as ) Tj ET Q q 0 0 0 rg BT 355.46 287.45 Td (T) Tj ET Q q 0 0 0 rg BT 360.06 287.45 Td (ime ) Tj ET Q q 0 0 0 rg BT 373.79 287.45 Td (W) Tj ET Q q 0 0 0 rg BT 380.70 287.45 Td (arner ) Tj ET Q q 0 0 0 rg BT 399.00 287.45 Td (Inc.) Tj ET Q q 0 0 0 rg BT 413.44 287.45 Td (s ) Tj ET Q q 0 0 0 rg BT 418.28 287.45 Td (V) Tj ET Q q 0 0 0 rg BT 423.58 287.45 Td (ice ) Tj ET Q q 0 0 0 rg BT 434.77 287.45 Td (President, ) Tj ET Q q 0 0 0 rg BT 468.41 287.45 Td (Investor ) Tj ET Q q 0 0 0 rg BT 496.49 287.45 Td (Relations ) Tj ET Q q 0 0 0 rg BT 528.58 287.45 Td (from ) Tj ET Q q 0 0 0 rg BT 546.00 287.45 Td (2004 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 277.85 Td (to ) Tj ET Q q 0 0 0 rg BT 58.19 277.85 Td (2006. ) Tj ET Q q 0 0 0 rg BT 78.16 277.85 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 92.22 277.85 Td (T) Tj ET Q q 0 0 0 rg BT 96.82 277.85 Td (urner ) Tj ET Q q 0 0 0 rg BT 115.67 277.85 Td (worked ) Tj ET Q q 0 0 0 rg BT 141.64 277.85 Td (in ) Tj ET Q q 0 0 0 rg BT 149.83 277.85 Td (investment ) Tj ET Q q 0 0 0 rg BT 186.91 277.85 Td (banking ) Tj ET Q q 0 0 0 rg BT 214.65 277.85 Td (for ) Tj ET Q q 0 0 0 rg BT 225.95 277.85 Td (many ) Tj ET Q q 0 0 0 rg BT 245.69 277.85 Td (years ) Tj ET Q q 0 0 0 rg BT 264.54 277.85 Td (with ) Tj ET Q q 0 0 0 rg BT 280.74 277.85 Td (positions ) Tj ET Q q 0 0 0 rg BT 311.60 277.85 Td (at ) Tj ET Q q 0 0 0 rg BT 318.91 277.85 Td (Allen ) Tj ET Q q 0 0 0 rg BT 338.65 277.85 Td (& ) Tj ET Q q 0 0 0 rg BT 346.85 277.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.93 277.85 Td (and ) Tj ET Q q 0 0 0 rg BT 393.45 277.85 Td (Salomon ) Tj ET Q q 0 0 0 rg BT 423.87 277.85 Td (Smith ) Tj ET Q q 0 0 0 rg BT 444.95 277.85 Td (Barney ) Tj ET Q q 0 0 0 rg BT 470.03 277.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 487.55 277.85 Td (to ) Tj ET Q q 0 0 0 rg BT 495.74 277.85 Td (joining ) Tj ET Q q 0 0 0 rg BT 520.24 277.85 Td (T) Tj ET Q q 0 0 0 rg BT 524.84 277.85 Td (ime ) Tj ET Q q 0 0 0 rg BT 538.67 277.85 Td (W) Tj ET Q q 0 0 0 rg BT 545.58 277.85 Td (arner ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 64.58 268.25 Td (Early ) Tj ET Q q 0 0 0 rg BT 84.26 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.85 268.25 Td (her ) Tj ET Q q 0 0 0 rg BT 105.43 268.25 Td (career) Tj ET Q q 0 0 0 rg BT 124.64 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 129.00 268.25 Td (she ) Tj ET Q q 0 0 0 rg BT 142.03 268.25 Td (also ) Tj ET Q q 0 0 0 rg BT 157.27 268.25 Td (gained ) Tj ET Q q 0 0 0 rg BT 180.96 268.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.10 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.01 268.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 225.37 268.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 262.37 268.25 Td (as ) Tj ET Q q 0 0 0 rg BT 271.40 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 277.31 268.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 311.21 268.25 Td (CP) Tj ET Q q 0 0 0 rg BT 320.26 268.25 Td (A) Tj ET Q q 0 0 0 rg BT 325.60 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.96 268.25 Td (at ) Tj ET Q q 0 0 0 rg BT 336.10 268.25 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 355.35 268.25 Td (& ) Tj ET Q q 0 0 0 rg BT 363.58 268.25 Td (Y) Tj ET Q q 0 0 0 rg BT 368.56 268.25 Td (oung, ) Tj ET Q q 0 0 0 rg BT 388.92 268.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 402.25 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 406.62 268.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 421.04 268.25 Td (T) Tj ET Q q 0 0 0 rg BT 425.64 268.25 Td (urner ) Tj ET Q q 0 0 0 rg BT 444.88 268.25 Td (received ) Tj ET Q q 0 0 0 rg BT 474.33 268.25 Td (her ) Tj ET Q q 0 0 0 rg BT 486.91 268.25 Td (under) Tj ET Q q 0 0 0 rg BT 504.98 268.25 Td (graduate ) Tj ET Q q 0 0 0 rg BT 534.88 268.25 Td (business ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 258.65 Td (degree ) Tj ET Q q 0 0 0 rg BT 73.32 258.65 Td (and ) Tj ET Q q 0 0 0 rg BT 86.87 258.65 Td (her ) Tj ET Q q 0 0 0 rg BT 99.08 258.65 Td (law ) Tj ET Q q 0 0 0 rg BT 112.63 258.65 Td (degree ) Tj ET Q q 0 0 0 rg BT 135.95 258.65 Td (from ) Tj ET Q q 0 0 0 rg BT 153.36 258.65 Td (The ) Tj ET Q q 0 0 0 rg BT 167.79 258.65 Td (University ) Tj ET Q q 0 0 0 rg BT 203.57 258.65 Td (of ) Tj ET Q q 0 0 0 rg BT 212.23 258.65 Td (Michigan. ) Tj ET Q q 0 0 0 rg BT 246.89 258.65 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 260.97 258.65 Td (T) Tj ET Q q 0 0 0 rg BT 265.58 258.65 Td (urner ) Tj ET Q q 0 0 0 rg BT 284.46 258.65 Td (brings ) Tj ET Q q 0 0 0 rg BT 306.46 258.65 Td (to ) Tj ET Q q 0 0 0 rg BT 314.68 258.65 Td (our ) Tj ET Q q 0 0 0 rg BT 327.34 258.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 348.89 258.65 Td (a ) Tj ET Q q 0 0 0 rg BT 354.45 258.65 Td (strong ) Tj ET Q q 0 0 0 rg BT 376.45 258.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 406.43 258.65 Td (and ) Tj ET Q q 0 0 0 rg BT 419.98 258.65 Td (business ) Tj ET Q q 0 0 0 rg BT 449.09 258.65 Td (background ) Tj ET Q q 0 0 0 rg BT 488.86 258.65 Td (in ) Tj ET Q q 0 0 0 rg BT 497.08 258.65 Td (the ) Tj ET Q q 0 0 0 rg BT 508.86 258.65 Td (media ) Tj ET Q q 0 0 0 rg BT 530.40 258.65 Td (industry) Tj ET Q q 0 0 0 rg BT 556.11 258.65 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 243.05 Td (There ) Tj ET Q q 0 0 0 rg BT 70.61 243.05 Td (is ) Tj ET Q q 0 0 0 rg BT 77.90 243.05 Td (no ) Tj ET Q q 0 0 0 rg BT 87.86 243.05 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 129.80 243.05 Td (or ) Tj ET Q q 0 0 0 rg BT 138.42 243.05 Td (understanding ) Tj ET Q q 0 0 0 rg BT 185.70 243.05 Td (between ) Tj ET Q q 0 0 0 rg BT 214.31 243.05 Td (any ) Tj ET Q q 0 0 0 rg BT 227.82 243.05 Td (director ) Tj ET Q q 0 0 0 rg BT 254.65 243.05 Td (and ) Tj ET Q q 0 0 0 rg BT 268.16 243.05 Td (any ) Tj ET Q q 0 0 0 rg BT 281.67 243.05 Td (other ) Tj ET Q q 0 0 0 rg BT 300.07 243.05 Td (person ) Tj ET Q q 0 0 0 rg BT 323.35 243.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 352.86 243.05 Td (to ) Tj ET Q q 0 0 0 rg BT 361.04 243.05 Td (which ) Tj ET Q q 0 0 0 rg BT 382.55 243.05 Td (such ) Tj ET Q q 0 0 0 rg BT 399.17 243.05 Td (person ) Tj ET Q q 0 0 0 rg BT 422.46 243.05 Td (was ) Tj ET Q q 0 0 0 rg BT 436.86 243.05 Td (selected ) Tj ET Q q 0 0 0 rg BT 464.58 243.05 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 243.05 Td (a ) Tj ET Q q 0 0 0 rg BT 478.71 243.05 Td (director ) Tj ET Q q 0 0 0 rg BT 505.54 243.05 Td (other ) Tj ET Q q 0 0 0 rg BT 523.94 243.05 Td (than ) Tj ET Q q 0 0 0 rg BT 539.67 243.05 Td (Paul ) Tj ET Q q 0 0 0 rg BT 555.71 243.05 Td (T) Tj ET Q q 0 0 0 rg BT 560.00 243.05 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 233.45 Td (Cappuccio, ) Tj ET Q q 0 0 0 rg BT 88.32 233.45 Td (who ) Tj ET Q q 0 0 0 rg BT 104.20 233.45 Td (was ) Tj ET Q q 0 0 0 rg BT 118.75 233.45 Td (nominated ) Tj ET Q q 0 0 0 rg BT 154.63 233.45 Td (by ) Tj ET Q q 0 0 0 rg BT 164.58 233.45 Td (T) Tj ET Q q 0 0 0 rg BT 169.18 233.45 Td (ime ) Tj ET Q q 0 0 0 rg BT 183.13 233.45 Td (W) Tj ET Q q 0 0 0 rg BT 190.04 233.45 Td (arner ) Tj ET Q q 0 0 0 rg BT 208.58 233.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 222.90 233.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 252.56 233.45 Td (to ) Tj ET Q q 0 0 0 rg BT 260.89 233.45 Td (the ) Tj ET Q q 0 0 0 rg BT 272.77 233.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 292.65 233.45 Td (of ) Tj ET Q q 0 0 0 rg BT 301.42 233.45 Td (an ) Tj ET Q q 0 0 0 rg BT 311.08 233.45 Td (investor ) Tj ET Q q 0 0 0 rg BT 338.96 233.45 Td (rights ) Tj ET Q q 0 0 0 rg BT 359.29 233.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 394.70 233.45 Td (among ) Tj ET Q q 0 0 0 rg BT 418.58 233.45 Td (the ) Tj ET Q q 0 0 0 rg BT 430.46 233.45 Td (Company) Tj ET Q q 0 0 0 rg BT 461.05 233.45 Td (, ) Tj ET Q q 0 0 0 rg BT 465.16 233.45 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 490.38 233.45 Td (Lauder) Tj ET Q q 0 0 0 rg BT 512.71 233.45 Td (, ) Tj ET Q q 0 0 0 rg BT 516.81 233.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.68 233.45 Td (parties ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.85 Td (related ) Tj ET Q q 0 0 0 rg BT 73.76 223.85 Td (to ) Tj ET Q q 0 0 0 rg BT 81.98 223.85 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 107.09 223.85 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 131.75 223.85 Td (and ) Tj ET Q q 0 0 0 rg BT 145.15 223.85 Td (T) Tj ET Q q 0 0 0 rg BT 149.76 223.85 Td (ime ) Tj ET Q q 0 0 0 rg BT 163.61 223.85 Td (W) Tj ET Q q 0 0 0 rg BT 170.52 223.85 Td (arner ) Tj ET Q q 0 0 0 rg BT 188.95 223.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 211.39 223.85 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 242.72 223.85 Td (B.V) Tj ET Q q 0 0 0 rg BT 254.80 223.85 Td (.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 87.54 205.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 130.87 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.77 205.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 169.10 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.77 205.25 Td (Dir) Tj ET Q q 0 0 0 rg BT 189.17 205.25 Td (ectors ) Tj ET Q q 0 0 0 rg BT 211.60 205.25 Td (Matters) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 189.65 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 189.65 Td (e ) Tj ET Q q 0 0 0 rg BT 61.99 189.65 Td (abide ) Tj ET Q q 0 0 0 rg BT 80.84 189.65 Td (by ) Tj ET Q q 0 0 0 rg BT 90.36 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 101.66 189.65 Td (corporate ) Tj ET Q q 0 0 0 rg BT 133.39 189.65 Td (governance ) Tj ET Q q 0 0 0 rg BT 171.78 189.65 Td (principles ) Tj ET Q q 0 0 0 rg BT 204.85 189.65 Td (outlined ) Tj ET Q q 0 0 0 rg BT 232.60 189.65 Td (below ) Tj ET Q q 0 0 0 rg BT 253.67 189.65 Td (to ) Tj ET Q q 0 0 0 rg BT 261.42 189.65 Td (ensure ) Tj ET Q q 0 0 0 rg BT 283.83 189.65 Td (that ) Tj ET Q q 0 0 0 rg BT 297.35 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 308.65 189.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 329.72 189.65 Td (of ) Tj ET Q q 0 0 0 rg BT 337.91 189.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 369.20 189.65 Td (is ) Tj ET Q q 0 0 0 rg BT 376.06 189.65 Td (independent ) Tj ET Q q 0 0 0 rg BT 416.69 189.65 Td (from ) Tj ET Q q 0 0 0 rg BT 433.76 189.65 Td (management, ) Tj ET Q q 0 0 0 rg BT 478.16 189.65 Td (that ) Tj ET Q q 0 0 0 rg BT 491.68 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 502.98 189.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 524.06 189.65 Td (of ) Tj ET Q q 0 0 0 rg BT 532.25 189.65 Td (Directors ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 180.05 Td (adequately ) Tj ET Q q 0 0 0 rg BT 87.45 180.05 Td (performs ) Tj ET Q q 0 0 0 rg BT 119.13 180.05 Td (its ) Tj ET Q q 0 0 0 rg BT 129.50 180.05 Td (function ) Tj ET Q q 0 0 0 rg BT 158.96 180.05 Td (as ) Tj ET Q q 0 0 0 rg BT 168.43 180.05 Td (the ) Tj ET Q q 0 0 0 rg BT 181.01 180.05 Td (overseer ) Tj ET Q q 0 0 0 rg BT 210.90 180.05 Td (of ) Tj ET Q q 0 0 0 rg BT 220.37 180.05 Td (management ) Tj ET Q q 0 0 0 rg BT 264.05 180.05 Td (and ) Tj ET Q q 0 0 0 rg BT 278.40 180.05 Td (that ) Tj ET Q q 0 0 0 rg BT 293.20 180.05 Td (the ) Tj ET Q q 0 0 0 rg BT 305.78 180.05 Td (interests ) Tj ET Q q 0 0 0 rg BT 335.24 180.05 Td (of ) Tj ET Q q 0 0 0 rg BT 344.71 180.05 Td (the ) Tj ET Q q 0 0 0 rg BT 357.29 180.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 379.64 180.05 Td (of ) Tj ET Q q 0 0 0 rg BT 389.11 180.05 Td (Directors ) Tj ET Q q 0 0 0 rg BT 421.68 180.05 Td (and ) Tj ET Q q 0 0 0 rg BT 436.03 180.05 Td (management ) Tj ET Q q 0 0 0 rg BT 479.71 180.05 Td (are ) Tj ET Q q 0 0 0 rg BT 492.28 180.05 Td (aligned ) Tj ET Q q 0 0 0 rg BT 518.63 180.05 Td (with ) Tj ET Q q 0 0 0 rg BT 535.65 180.05 Td (those ) Tj ET Q q 0 0 0 rg BT 555.34 180.05 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 170.45 Td (shareholders.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.85 Td (On ) Tj ET Q q 0 0 0 rg BT 61.77 154.85 Td (an ) Tj ET Q q 0 0 0 rg BT 71.32 154.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 94.64 154.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 114.63 154.85 Td (directors ) Tj ET Q q 0 0 0 rg BT 144.62 154.85 Td (and ) Tj ET Q q 0 0 0 rg BT 158.16 154.85 Td (executive ) Tj ET Q q 0 0 0 rg BT 190.81 154.85 Td (of) Tj ET Q q 0 0 0 rg BT 197.33 154.85 Td (ficers ) Tj ET Q q 0 0 0 rg BT 217.09 154.85 Td (complete ) Tj ET Q q 0 0 0 rg BT 248.40 154.85 Td (questionnaires ) Tj ET Q q 0 0 0 rg BT 296.61 154.85 Td (that ) Tj ET Q q 0 0 0 rg BT 310.60 154.85 Td (are ) Tj ET Q q 0 0 0 rg BT 322.36 154.85 Td (used ) Tj ET Q q 0 0 0 rg BT 339.02 154.85 Td (to ) Tj ET Q q 0 0 0 rg BT 347.24 154.85 Td (establish ) Tj ET Q q 0 0 0 rg BT 377.23 154.85 Td (the ) Tj ET Q q 0 0 0 rg BT 389.00 154.85 Td (independence ) Tj ET Q q 0 0 0 rg BT 434.97 154.85 Td (of ) Tj ET Q q 0 0 0 rg BT 443.63 154.85 Td (independent ) Tj ET Q q 0 0 0 rg BT 484.72 154.85 Td (directors, ) Tj ET Q q 0 0 0 rg BT 516.70 154.85 Td (to ) Tj ET Q q 0 0 0 rg BT 524.92 154.85 Td (confirm ) Tj ET Q q 0 0 0 rg BT 552.24 154.85 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 95.54 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.20 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.96 145.25 Td (members ) Tj ET Q q 0 0 0 rg BT 147.28 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.94 145.25 Td (our ) Tj ET Q q 0 0 0 rg BT 168.16 145.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 188.37 145.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 225.92 145.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.46 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 247.68 145.25 Td (disclose ) Tj ET Q q 0 0 0 rg BT 275.45 145.25 Td (any ) Tj ET Q q 0 0 0 rg BT 288.99 145.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 326.09 145.25 Td (with ) Tj ET Q q 0 0 0 rg BT 342.30 145.25 Td (us ) Tj ET Q q 0 0 0 rg BT 351.41 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.07 145.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.73 145.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 412.49 145.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.71 145.25 Td (which ) Tj ET Q q 0 0 0 rg BT 442.26 145.25 Td (a ) Tj ET Q q 0 0 0 rg BT 447.80 145.25 Td (director ) Tj ET Q q 0 0 0 rg BT 474.67 145.25 Td (or ) Tj ET Q q 0 0 0 rg BT 483.33 145.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 515.97 145.25 Td (of) Tj ET Q q 0 0 0 rg BT 522.49 145.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 539.14 145.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 550.46 145.25 Td (any ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.65 Td (member ) Tj ET Q q 0 0 0 rg BT 78.21 135.65 Td (of ) Tj ET Q q 0 0 0 rg BT 86.88 135.65 Td (his ) Tj ET Q q 0 0 0 rg BT 98.21 135.65 Td (or ) Tj ET Q q 0 0 0 rg BT 106.88 135.65 Td (her ) Tj ET Q q 0 0 0 rg BT 119.09 135.65 Td (immediate ) Tj ET Q q 0 0 0 rg BT 154.86 135.65 Td (family\) ) Tj ET Q q 0 0 0 rg BT 180.40 135.65 Td (has ) Tj ET Q q 0 0 0 rg BT 193.07 135.65 Td (a ) Tj ET Q q 0 0 0 rg BT 198.62 135.65 Td (direct ) Tj ET Q q 0 0 0 rg BT 218.83 135.65 Td (or ) Tj ET Q q 0 0 0 rg BT 227.49 135.65 Td (indirect ) Tj ET Q q 0 0 0 rg BT 253.93 135.65 Td (material ) Tj ET Q q 0 0 0 rg BT 282.13 135.65 Td (interest.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (94) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Codes ) Tj ET Q q 0 0 0 rg BT 72.00 743.45 Td (of ) Tj ET Q q 0 0 0 rg BT 80.22 743.45 Td (Conduct) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (In ) Tj ET Q q 0 0 0 rg BT 58.95 727.85 Td (201) Tj ET Q q 0 0 0 rg BT 70.66 727.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 78.95 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 91.01 727.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 112.85 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 121.80 727.85 Td (Directors ) Tj ET Q q 0 0 0 rg BT 153.86 727.85 Td (adopted ) Tj ET Q q 0 0 0 rg BT 181.47 727.85 Td (new ) Tj ET Q q 0 0 0 rg BT 197.09 727.85 Td (codes ) Tj ET Q q 0 0 0 rg BT 217.59 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 226.54 727.85 Td (conduct ) Tj ET Q q 0 0 0 rg BT 254.16 727.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 289.32 727.85 Td (to ) Tj ET Q q 0 0 0 rg BT 297.83 727.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 334.33 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 348.17 727.85 Td (directors. ) Tj ET Q q 0 0 0 rg BT 380.28 727.85 Td (These ) Tj ET Q q 0 0 0 rg BT 401.67 727.85 Td (new ) Tj ET Q q 0 0 0 rg BT 417.29 727.85 Td (policies ) Tj ET Q q 0 0 0 rg BT 444.46 727.85 Td (reinforce ) Tj ET Q q 0 0 0 rg BT 475.62 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 487.68 727.85 Td (importance ) Tj ET Q q 0 0 0 rg BT 525.95 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 534.90 727.85 Td (integrity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 64.43 718.25 Td (ethical ) Tj ET Q q 0 0 0 rg BT 88.62 718.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 116.82 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.92 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.46 718.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 171.45 718.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 194.75 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.40 718.25 Td (more ) Tj ET Q q 0 0 0 rg BT 226.72 718.25 Td (robust ) Tj ET Q q 0 0 0 rg BT 249.59 718.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 272.46 718.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 310.43 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 325.31 718.25 Td (now ) Tj ET Q q 0 0 0 rg BT 341.96 718.25 Td (exists ) Tj ET Q q 0 0 0 rg BT 363.06 718.25 Td (within ) Tj ET Q q 0 0 0 rg BT 386.38 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.03 718.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 433.01 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.44 718.25 Td (clarify ) Tj ET Q q 0 0 0 rg BT 471.19 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.84 718.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 521.81 718.25 Td (for ) Tj ET Q q 0 0 0 rg BT 534.01 718.25 Td (handling ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.65 Td (whistleblower ) Tj ET Q q 0 0 0 rg BT 97.50 708.65 Td (complaints ) Tj ET Q q 0 0 0 rg BT 134.79 708.65 Td (and ) Tj ET Q q 0 0 0 rg BT 148.51 708.65 Td (other ) Tj ET Q q 0 0 0 rg BT 167.13 708.65 Td (concerns. ) Tj ET Q q 0 0 0 rg BT 199.58 708.65 Td (The ) Tj ET Q q 0 0 0 rg BT 214.19 708.65 Td (Standards ) Tj ET Q q 0 0 0 rg BT 247.92 708.65 Td (of ) Tj ET Q q 0 0 0 rg BT 256.76 708.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 287.39 708.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 316.68 708.65 Td (applies ) Tj ET Q q 0 0 0 rg BT 341.52 708.65 Td (to ) Tj ET Q q 0 0 0 rg BT 349.92 708.65 Td (the ) Tj ET Q q 0 0 0 rg BT 361.87 708.65 Td (Company) Tj ET Q q 0 0 0 rg BT 395.20 708.65 Td (s ) Tj ET Q q 0 0 0 rg BT 400.49 708.65 Td (employees, ) Tj ET Q q 0 0 0 rg BT 438.88 708.65 Td (including ) Tj ET Q q 0 0 0 rg BT 471.28 708.65 Td (any ) Tj ET Q q 0 0 0 rg BT 485.00 708.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 518.28 708.65 Td (directors, ) Tj ET Q q 0 0 0 rg BT 550.45 708.65 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.05 Td (sets ) Tj ET Q q 0 0 0 rg BT 63.91 699.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 81.38 699.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 108.17 699.05 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 142.52 699.05 Td (to ) Tj ET Q q 0 0 0 rg BT 150.66 699.05 Td (employee ) Tj ET Q q 0 0 0 rg BT 183.67 699.05 Td (conduct ) Tj ET Q q 0 0 0 rg BT 210.90 699.05 Td (in ) Tj ET Q q 0 0 0 rg BT 219.04 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 230.73 699.05 Td (workplace, ) Tj ET Q q 0 0 0 rg BT 267.96 699.05 Td (including ) Tj ET Q q 0 0 0 rg BT 300.09 699.05 Td (the ) Tj ET Q q 0 0 0 rg BT 311.77 699.05 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 342.10 699.05 Td (of ) Tj ET Q q 0 0 0 rg BT 350.68 699.05 Td (books, ) Tj ET Q q 0 0 0 rg BT 373.71 699.05 Td (records ) Tj ET Q q 0 0 0 rg BT 399.16 699.05 Td (and ) Tj ET Q q 0 0 0 rg BT 412.63 699.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.53 699.05 Td (statements, ) Tj ET Q q 0 0 0 rg BT 480.21 699.05 Td (insider ) Tj ET Q q 0 0 0 rg BT 503.89 699.05 Td (trading, ) Tj ET Q q 0 0 0 rg BT 530.47 699.05 Td (electronic ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.45 Td (communications ) Tj ET Q q 0 0 0 rg BT 104.28 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 117.24 689.45 Td (information ) Tj ET Q q 0 0 0 rg BT 156.41 689.45 Td (security) Tj ET Q q 0 0 0 rg BT 181.21 689.45 Td (, ) Tj ET Q q 0 0 0 rg BT 184.62 689.45 Td (confidentiality) Tj ET Q q 0 0 0 rg BT 230.75 689.45 Td (, ) Tj ET Q q 0 0 0 rg BT 234.15 689.45 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 263.10 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 271.17 689.45 Td (interest, ) Tj ET Q q 0 0 0 rg BT 298.12 689.45 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 337.29 689.45 Td (and ) Tj ET Q q 0 0 0 rg BT 350.24 689.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 389.86 689.45 Td (laws. ) Tj ET Q q 0 0 0 rg BT 407.82 689.45 Td (The ) Tj ET Q q 0 0 0 rg BT 421.67 689.45 Td (Standards ) Tj ET Q q 0 0 0 rg BT 454.62 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 462.69 689.45 Td (Business ) Tj ET Q q 0 0 0 rg BT 492.54 689.45 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 521.05 689.45 Td (also ) Tj ET Q q 0 0 0 rg BT 535.34 689.45 Td (includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.85 Td (information ) Tj ET Q q 0 0 0 rg BT 89.87 679.85 Td (on ) Tj ET Q q 0 0 0 rg BT 99.96 679.85 Td (how ) Tj ET Q q 0 0 0 rg BT 115.83 679.85 Td (employees ) Tj ET Q q 0 0 0 rg BT 152.14 679.85 Td (may ) Tj ET Q q 0 0 0 rg BT 168.01 679.85 Td (report ) Tj ET Q q 0 0 0 rg BT 189.21 679.85 Td (whistleblower ) Tj ET Q q 0 0 0 rg BT 236.63 679.85 Td (complaints ) Tj ET Q q 0 0 0 rg BT 273.83 679.85 Td (or ) Tj ET Q q 0 0 0 rg BT 282.59 679.85 Td (raise ) Tj ET Q q 0 0 0 rg BT 299.79 679.85 Td (concerns ) Tj ET Q q 0 0 0 rg BT 330.31 679.85 Td (regarding ) Tj ET Q q 0 0 0 rg BT 363.06 679.85 Td (questionable ) Tj ET Q q 0 0 0 rg BT 405.59 679.85 Td (conduct ) Tj ET Q q 0 0 0 rg BT 433.01 679.85 Td (or ) Tj ET Q q 0 0 0 rg BT 441.77 679.85 Td (policy ) Tj ET Q q 0 0 0 rg BT 463.86 679.85 Td (violations ) Tj ET Q q 0 0 0 rg BT 497.51 679.85 Td (and ) Tj ET Q q 0 0 0 rg BT 511.16 679.85 Td (provides ) Tj ET Q q 0 0 0 rg BT 540.80 679.85 Td (for ) Tj ET Q q 0 0 0 rg BT 552.23 679.85 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (anonymous, ) Tj ET Q q 0 0 0 rg BT 91.01 670.25 Td (confidential ) Tj ET Q q 0 0 0 rg BT 131.34 670.25 Td (submission ) Tj ET Q q 0 0 0 rg BT 169.47 670.25 Td (by ) Tj ET Q q 0 0 0 rg BT 179.59 670.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 215.92 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.71 670.25 Td (others ) Tj ET Q q 0 0 0 rg BT 246.38 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.17 670.25 Td (any ) Tj ET Q q 0 0 0 rg BT 268.84 670.25 Td (complaints ) Tj ET Q q 0 0 0 rg BT 306.07 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.85 670.25 Td (concerns ) Tj ET Q q 0 0 0 rg BT 345.41 670.25 Td (about ) Tj ET Q q 0 0 0 rg BT 365.30 670.25 Td (us ) Tj ET Q q 0 0 0 rg BT 374.54 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.32 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 396.11 670.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 435.33 670.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 461.88 670.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 499.10 670.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 527.00 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 535.79 670.25 Td (auditing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.65 Td (matters. ) Tj ET Q q 0 0 0 rg BT 76.78 660.65 Td (The ) Tj ET Q q 0 0 0 rg BT 90.54 660.65 Td (Standards ) Tj ET Q q 0 0 0 rg BT 123.42 660.65 Td (of ) Tj ET Q q 0 0 0 rg BT 131.41 660.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 161.19 660.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 189.63 660.65 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 219.40 660.65 Td (retaliation ) Tj ET Q q 0 0 0 rg BT 253.15 660.65 Td (against ) Tj ET Q q 0 0 0 rg BT 277.14 660.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 312.68 660.65 Td (who ) Tj ET Q q 0 0 0 rg BT 327.78 660.65 Td (avail ) Tj ET Q q 0 0 0 rg BT 344.66 660.65 Td (themselves ) Tj ET Q q 0 0 0 rg BT 381.53 660.65 Td (of ) Tj ET Q q 0 0 0 rg BT 389.52 660.65 Td (the ) Tj ET Q q 0 0 0 rg BT 400.62 660.65 Td (policy) Tj ET Q q 0 0 0 rg BT 420.10 660.65 Td (. ) Tj ET Q q 0 0 0 rg BT 423.43 660.65 Td (Failure ) Tj ET Q q 0 0 0 rg BT 447.42 660.65 Td (to ) Tj ET Q q 0 0 0 rg BT 454.96 660.65 Td (observe ) Tj ET Q q 0 0 0 rg BT 481.17 660.65 Td (the ) Tj ET Q q 0 0 0 rg BT 492.27 660.65 Td (terms ) Tj ET Q q 0 0 0 rg BT 511.37 660.65 Td (of ) Tj ET Q q 0 0 0 rg BT 519.36 660.65 Td (the ) Tj ET Q q 0 0 0 rg BT 530.46 660.65 Td (Standards ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.05 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 651.05 Td (Business ) Tj ET Q q 0 0 0 rg BT 89.11 651.05 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 118.22 651.05 Td (can ) Tj ET Q q 0 0 0 rg BT 131.32 651.05 Td (result ) Tj ET Q q 0 0 0 rg BT 151.10 651.05 Td (in ) Tj ET Q q 0 0 0 rg BT 159.32 651.05 Td (disciplinary ) Tj ET Q q 0 0 0 rg BT 199.09 651.05 Td (action ) Tj ET Q q 0 0 0 rg BT 220.64 651.05 Td (\(including ) Tj ET Q q 0 0 0 rg BT 255.52 651.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 294.40 651.05 Td (of ) Tj ET Q q 0 0 0 rg BT 303.06 651.05 Td (employment\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 635.45 Td (The ) Tj ET Q q 0 0 0 rg BT 64.87 635.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 98.40 635.45 Td (also ) Tj ET Q q 0 0 0 rg BT 113.72 635.45 Td (has ) Tj ET Q q 0 0 0 rg BT 126.81 635.45 Td (a ) Tj ET Q q 0 0 0 rg BT 132.79 635.45 Td (Code ) Tj ET Q q 0 0 0 rg BT 152.11 635.45 Td (of ) Tj ET Q q 0 0 0 rg BT 161.20 635.45 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 190.74 635.45 Td (for ) Tj ET Q q 0 0 0 rg BT 202.50 635.45 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 253.80 635.45 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 287.99 635.45 Td (which ) Tj ET Q q 0 0 0 rg BT 309.97 635.45 Td (assists ) Tj ET Q q 0 0 0 rg BT 332.85 635.45 Td (the ) Tj ET Q q 0 0 0 rg BT 345.05 635.45 Td (Company) Tj ET Q q 0 0 0 rg BT 378.38 635.45 Td (s ) Tj ET Q q 0 0 0 rg BT 383.93 635.45 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 432.12 635.45 Td (directors ) Tj ET Q q 0 0 0 rg BT 462.53 635.45 Td (in ) Tj ET Q q 0 0 0 rg BT 471.19 635.45 Td (fulfilling ) Tj ET Q q 0 0 0 rg BT 502.06 635.45 Td (their ) Tj ET Q q 0 0 0 rg BT 519.14 635.45 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 550.45 635.45 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 625.85 Td (other ) Tj ET Q q 0 0 0 rg BT 67.90 625.85 Td (duties ) Tj ET Q q 0 0 0 rg BT 88.47 625.85 Td (to ) Tj ET Q q 0 0 0 rg BT 96.15 625.85 Td (the ) Tj ET Q q 0 0 0 rg BT 107.38 625.85 Td (Company) Tj ET Q q 0 0 0 rg BT 137.97 625.85 Td (. ) Tj ET Q q 0 0 0 rg BT 141.43 625.85 Td (In ) Tj ET Q q 0 0 0 rg BT 149.56 625.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 177.24 625.85 Td (to ) Tj ET Q q 0 0 0 rg BT 184.92 625.85 Td (af) Tj ET Q q 0 0 0 rg BT 190.99 625.85 Td (firming ) Tj ET Q q 0 0 0 rg BT 216.44 625.85 Td (the ) Tj ET Q q 0 0 0 rg BT 227.68 625.85 Td (directors) Tj ET Q q 0 0 0 rg BT 257.74 625.85 Td ( ) Tj ET Q q 0 0 0 rg BT 259.20 625.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 296.21 625.85 Td (to ) Tj ET Q q 0 0 0 rg BT 303.89 625.85 Td (act ) Tj ET Q q 0 0 0 rg BT 314.68 625.85 Td (ethically ) Tj ET Q q 0 0 0 rg BT 343.68 625.85 Td (and ) Tj ET Q q 0 0 0 rg BT 356.69 625.85 Td (honestly) Tj ET Q q 0 0 0 rg BT 383.28 625.85 Td (, ) Tj ET Q q 0 0 0 rg BT 386.74 625.85 Td (the ) Tj ET Q q 0 0 0 rg BT 397.97 625.85 Td (code ) Tj ET Q q 0 0 0 rg BT 414.54 625.85 Td (also ) Tj ET Q q 0 0 0 rg BT 428.88 625.85 Td (addresses ) Tj ET Q q 0 0 0 rg BT 461.00 625.85 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 490.01 625.85 Td (of ) Tj ET Q q 0 0 0 rg BT 498.13 625.85 Td (interest, ) Tj ET Q q 0 0 0 rg BT 525.14 625.85 Td (compliance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 66.22 616.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 101.09 616.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 117.76 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.31 616.25 Td (confidentiality) Tj ET Q q 0 0 0 rg BT 177.44 616.25 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 600.65 Td (Both ) Tj ET Q q 0 0 0 rg BT 68.19 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 80.60 600.65 Td (Standards ) Tj ET Q q 0 0 0 rg BT 114.79 600.65 Td (of ) Tj ET Q q 0 0 0 rg BT 124.09 600.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 155.17 600.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 184.92 600.65 Td (and ) Tj ET Q q 0 0 0 rg BT 199.11 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 211.52 600.65 Td (Code ) Tj ET Q q 0 0 0 rg BT 231.04 600.65 Td (of ) Tj ET Q q 0 0 0 rg BT 240.34 600.65 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 270.08 600.65 Td (for ) Tj ET Q q 0 0 0 rg BT 282.05 600.65 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 333.56 600.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 365.96 600.65 Td (are ) Tj ET Q q 0 0 0 rg BT 378.36 600.65 Td (available ) Tj ET Q q 0 0 0 rg BT 409.87 600.65 Td (on ) Tj ET Q q 0 0 0 rg BT 420.50 600.65 Td (our ) Tj ET Q q 0 0 0 rg BT 433.80 600.65 Td (website ) Tj ET Q q 0 0 0 rg BT 460.88 600.65 Td (at ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 469.28515625 599.58359375 m 513.1953125 599.58359375 l s q 0 0 1 rg BT 469.29 600.65 Td (www) Tj ET Q q 0 0 1 rg BT 486.10 600.65 Td (.cme.net) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 513.20 600.65 Td (. ) Tj ET Q q 0 0 0 rg BT 517.64 600.65 Td (They ) Tj ET Q q 0 0 0 rg BT 536.71 600.65 Td (are ) Tj ET Q q 0 0 0 rg BT 549.12 600.65 Td (also ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 591.05 Td (available ) Tj ET Q q 0 0 0 rg BT 80.87 591.05 Td (in ) Tj ET Q q 0 0 0 rg BT 89.09 591.05 Td (print ) Tj ET Q q 0 0 0 rg BT 106.20 591.05 Td (to ) Tj ET Q q 0 0 0 rg BT 114.43 591.05 Td (any ) Tj ET Q q 0 0 0 rg BT 127.98 591.05 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 167.29 591.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 185.29 591.05 Td (request.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 575.45 Td (Audit ) Tj ET Q q 0 0 0 rg BT 69.33 575.45 Td (Committee) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 559.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.82 559.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 83.82 559.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 121.14 559.85 Td (is ) Tj ET Q q 0 0 0 rg BT 128.25 559.85 Td (composed ) Tj ET Q q 0 0 0 rg BT 162.46 559.85 Td (of ) Tj ET Q q 0 0 0 rg BT 170.90 559.85 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 197.35 559.85 Td (Langer ) Tj ET Q q 0 0 0 rg BT 221.77 559.85 Td (\(Chairman\), ) Tj ET Q q 0 0 0 rg BT 262.42 559.85 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 288.20 559.85 Td (and ) Tj ET Q q 0 0 0 rg BT 301.52 559.85 Td (Sickinghe. ) Tj ET Q q 0 0 0 rg BT 337.16 559.85 Td (The ) Tj ET Q q 0 0 0 rg BT 351.38 559.85 Td (current ) Tj ET Q q 0 0 0 rg BT 375.80 559.85 Td (members ) Tj ET Q q 0 0 0 rg BT 406.90 559.85 Td (of ) Tj ET Q q 0 0 0 rg BT 415.34 559.85 Td (the ) Tj ET Q q 0 0 0 rg BT 426.50 559.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 446.49 559.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 483.82 559.85 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 506.48 559.85 Td (the ) Tj ET Q q 0 0 0 rg BT 518.03 559.85 Td (independence ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 63.93 550.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 95.19 550.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 139.33 550.25 Td (set ) Tj ET Q q 0 0 0 rg BT 150.59 550.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 168.52 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.13 550.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 194.18 550.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 232.11 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.04 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.19 550.25 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 293.91 550.25 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 336.26 550.25 Td (Rules. ) Tj ET Q q 0 0 0 rg BT 358.86 550.25 Td (In ) Tj ET Q q 0 0 0 rg BT 367.91 550.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 398.51 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.66 550.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 432.59 550.25 Td (has ) Tj ET Q q 0 0 0 rg BT 445.63 550.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 484.00 550.25 Td (that ) Tj ET Q q 0 0 0 rg BT 498.38 550.25 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 525.42 550.25 Td (Langer ) Tj ET Q q 0 0 0 rg BT 550.46 550.25 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 540.65 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 76.46 540.65 Td (each ) Tj ET Q q 0 0 0 rg BT 93.56 540.65 Td (qualify ) Tj ET Q q 0 0 0 rg BT 118.68 540.65 Td (as ) Tj ET Q q 0 0 0 rg BT 127.80 540.65 Td (audit ) Tj ET Q q 0 0 0 rg BT 149.80 540.65 Td (committee ) Tj ET Q q 0 0 0 rg BT 186.02 540.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.46 540.65 Td (experts. ) Tj ET Q q 0 0 0 rg BT 247.39 540.65 Td (The ) Tj ET Q q 0 0 0 rg BT 262.28 540.65 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 313.18 540.65 Td (of ) Tj ET Q q 0 0 0 rg BT 322.30 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 333.98 540.65 Td (Audit ) Tj ET Q q 0 0 0 rg BT 354.66 540.65 Td (Committee ) Tj ET Q q 0 0 0 rg BT 392.67 540.65 Td (include ) Tj ET Q q 0 0 0 rg BT 418.67 540.65 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 428.68 540.65 Td (selecting ) Tj ET Q q 0 0 0 rg BT 459.56 540.65 Td (and ) Tj ET Q q 0 0 0 rg BT 473.57 540.65 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 510.68 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 522.91 540.65 Td (independent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 531.05 Td (registered ) Tj ET Q q 0 0 0 rg BT 83.29 531.05 Td (public ) Tj ET Q q 0 0 0 rg BT 105.03 531.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.87 531.05 Td (firm ) Tj ET Q q 0 0 0 rg BT 157.39 531.05 Td (to ) Tj ET Q q 0 0 0 rg BT 165.36 531.05 Td (be ) Tj ET Q q 0 0 0 rg BT 174.66 531.05 Td (retained ) Tj ET Q q 0 0 0 rg BT 202.16 531.05 Td (by ) Tj ET Q q 0 0 0 rg BT 211.91 531.05 Td (us; ) Tj ET Q q 0 0 0 rg BT 222.99 531.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 234.51 531.05 Td (approving ) Tj ET Q q 0 0 0 rg BT 268.70 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 280.21 531.05 Td (engagement ) Tj ET Q q 0 0 0 rg BT 320.61 531.05 Td (of ) Tj ET Q q 0 0 0 rg BT 329.02 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 340.54 531.05 Td (independent ) Tj ET Q q 0 0 0 rg BT 381.38 531.05 Td (registered ) Tj ET Q q 0 0 0 rg BT 414.67 531.05 Td (public ) Tj ET Q q 0 0 0 rg BT 436.41 531.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 473.25 531.05 Td (firm ) Tj ET Q q 0 0 0 rg BT 488.77 531.05 Td (for ) Tj ET Q q 0 0 0 rg BT 499.85 531.05 Td (audit, ) Tj ET Q q 0 0 0 rg BT 519.59 531.05 Td (audit-related, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 521.45 Td (tax-related ) Tj ET Q q 0 0 0 rg BT 86.13 521.45 Td (and ) Tj ET Q q 0 0 0 rg BT 99.62 521.45 Td (other ) Tj ET Q q 0 0 0 rg BT 117.99 521.45 Td (services; ) Tj ET Q q 0 0 0 rg BT 147.91 521.45 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 161.84 521.45 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 195.77 521.45 Td (with ) Tj ET Q q 0 0 0 rg BT 211.92 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 223.63 521.45 Td (independent ) Tj ET Q q 0 0 0 rg BT 264.67 521.45 Td (registered ) Tj ET Q q 0 0 0 rg BT 298.14 521.45 Td (public ) Tj ET Q q 0 0 0 rg BT 320.07 521.45 Td (accounting ) Tj ET Q q 0 0 0 rg BT 357.10 521.45 Td (firm ) Tj ET Q q 0 0 0 rg BT 372.81 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 384.52 521.45 Td (scope ) Tj ET Q q 0 0 0 rg BT 404.67 521.45 Td (and ) Tj ET Q q 0 0 0 rg BT 418.15 521.45 Td (results ) Tj ET Q q 0 0 0 rg BT 440.97 521.45 Td (of ) Tj ET Q q 0 0 0 rg BT 449.57 521.45 Td (these ) Tj ET Q q 0 0 0 rg BT 467.94 521.45 Td (engagements; ) Tj ET Q q 0 0 0 rg BT 513.86 521.45 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 527.35 521.45 Td (overseeing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.85 Td (our ) Tj ET Q q 0 0 0 rg BT 63.45 511.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 94.22 511.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.33 511.85 Td (activities ) Tj ET Q q 0 0 0 rg BT 158.00 511.85 Td (and ) Tj ET Q q 0 0 0 rg BT 172.33 511.85 Td (internal ) Tj ET Q q 0 0 0 rg BT 199.55 511.85 Td (controls ) Tj ET Q q 0 0 0 rg BT 228.11 511.85 Td (and ) Tj ET Q q 0 0 0 rg BT 242.45 511.85 Td (procedures ) Tj ET Q q 0 0 0 rg BT 280.33 511.85 Td (and ) Tj ET Q q 0 0 0 rg BT 294.67 511.85 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 329.44 511.85 Td (the ) Tj ET Q q 0 0 0 rg BT 342.00 511.85 Td (risk ) Tj ET Q q 0 0 0 rg BT 356.79 511.85 Td (register ) Tj ET Q q 0 0 0 rg BT 383.56 511.85 Td (with ) Tj ET Q q 0 0 0 rg BT 400.57 511.85 Td (management; ) Tj ET Q q 0 0 0 rg BT 446.45 511.85 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 458.56 511.85 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 493.34 511.85 Td (complaints ) Tj ET Q q 0 0 0 rg BT 531.23 511.85 Td (under ) Tj ET Q q 0 0 0 rg BT 552.23 511.85 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 83.50 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.12 502.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 122.52 502.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 151.58 502.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 177.96 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.14 502.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 225.19 502.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 251.57 502.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 288.62 502.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 316.34 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 324.96 502.25 Td (auditing ) Tj ET Q q 0 0 0 rg BT 353.13 502.25 Td (matters; ) Tj ET Q q 0 0 0 rg BT 380.85 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.35 502.25 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 407.85 502.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 445.35 502.25 Td (other ) Tj ET Q q 0 0 0 rg BT 463.74 502.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 490.57 502.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 516.96 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.13 502.25 Td (compliance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.65 Td (by ) Tj ET Q q 0 0 0 rg BT 59.63 492.65 Td (us ) Tj ET Q q 0 0 0 rg BT 68.37 492.65 Td (and ) Tj ET Q q 0 0 0 rg BT 81.54 492.65 Td (our ) Tj ET Q q 0 0 0 rg BT 93.83 492.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 129.67 492.65 Td (with ) Tj ET Q q 0 0 0 rg BT 145.52 492.65 Td (our ) Tj ET Q q 0 0 0 rg BT 157.81 492.65 Td (policies ) Tj ET Q q 0 0 0 rg BT 184.32 492.65 Td (and ) Tj ET Q q 0 0 0 rg BT 197.49 492.65 Td (any ) Tj ET Q q 0 0 0 rg BT 210.67 492.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 245.17 492.65 Td (laws. ) Tj ET Q q 0 0 0 rg BT 263.46 492.65 Td (During ) Tj ET Q q 0 0 0 rg BT 287.75 492.65 Td (the ) Tj ET Q q 0 0 0 rg BT 299.15 492.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 318.10 492.65 Td (year ) Tj ET Q q 0 0 0 rg BT 333.49 492.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 354.22 492.65 Td (December ) Tj ET Q q 0 0 0 rg BT 388.71 492.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 400.33 492.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 419.96 492.65 Td (the ) Tj ET Q q 0 0 0 rg BT 431.00 492.65 Td (Audit ) Tj ET Q q 0 0 0 rg BT 450.85 492.65 Td (Committee ) Tj ET Q q 0 0 0 rg BT 488.03 492.65 Td (met ) Tj ET Q q 0 0 0 rg BT 501.65 492.65 Td (on ) Tj ET Q q 0 0 0 rg BT 511.27 492.65 Td (eight ) Tj ET Q q 0 0 0 rg BT 528.90 492.65 Td (occasions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.05 Td (The ) Tj ET Q q 0 0 0 rg BT 63.90 477.05 Td (Audit ) Tj ET Q q 0 0 0 rg BT 84.00 477.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 121.43 477.05 Td (acts ) Tj ET Q q 0 0 0 rg BT 135.75 477.05 Td (under ) Tj ET Q q 0 0 0 rg BT 155.84 477.05 Td (a ) Tj ET Q q 0 0 0 rg BT 161.27 477.05 Td (written ) Tj ET Q q 0 0 0 rg BT 185.81 477.05 Td (charter ) Tj ET Q q 0 0 0 rg BT 209.89 477.05 Td (first ) Tj ET Q q 0 0 0 rg BT 224.65 477.05 Td (adopted ) Tj ET Q q 0 0 0 rg BT 251.85 477.05 Td (and ) Tj ET Q q 0 0 0 rg BT 265.28 477.05 Td (approved ) Tj ET Q q 0 0 0 rg BT 296.93 477.05 Td (by ) Tj ET Q q 0 0 0 rg BT 306.80 477.05 Td (the ) Tj ET Q q 0 0 0 rg BT 318.45 477.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 339.88 477.05 Td (of ) Tj ET Q q 0 0 0 rg BT 348.43 477.05 Td (Directors ) Tj ET Q q 0 0 0 rg BT 380.07 477.05 Td (in ) Tj ET Q q 0 0 0 rg BT 388.17 477.05 Td (June ) Tj ET Q q 0 0 0 rg BT 404.71 477.05 Td (2000. ) Tj ET Q q 0 0 0 rg BT 424.17 477.05 Td (An ) Tj ET Q q 0 0 0 rg BT 435.83 477.05 Td (amended ) Tj ET Q q 0 0 0 rg BT 466.58 477.05 Td (and ) Tj ET Q q 0 0 0 rg BT 480.01 477.05 Td (restated ) Tj ET Q q 0 0 0 rg BT 506.35 477.05 Td (Audit ) Tj ET Q q 0 0 0 rg BT 526.45 477.05 Td (Committee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.45 Td (charter ) Tj ET Q q 0 0 0 rg BT 75.47 467.45 Td (was ) Tj ET Q q 0 0 0 rg BT 91.18 467.45 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 136.22 467.45 Td (adopted ) Tj ET Q q 0 0 0 rg BT 164.81 467.45 Td (by ) Tj ET Q q 0 0 0 rg BT 176.07 467.45 Td (the ) Tj ET Q q 0 0 0 rg BT 189.11 467.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 211.93 467.45 Td (of ) Tj ET Q q 0 0 0 rg BT 221.86 467.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 254.89 467.45 Td (on ) Tj ET Q q 0 0 0 rg BT 266.16 467.45 Td (November ) Tj ET Q q 0 0 0 rg BT 303.19 467.45 Td (20, ) Tj ET Q q 0 0 0 rg BT 316.46 467.45 Td (2002 ) Tj ET Q q 0 0 0 rg BT 335.72 467.45 Td (and ) Tj ET Q q 0 0 0 rg BT 350.54 467.45 Td (amended ) Tj ET Q q 0 0 0 rg BT 382.68 467.45 Td (on ) Tj ET Q q 0 0 0 rg BT 393.95 467.45 Td (March ) Tj ET Q q 0 0 0 rg BT 418.09 467.45 Td (27, ) Tj ET Q q 0 0 0 rg BT 431.36 467.45 Td (2003, ) Tj ET Q q 0 0 0 rg BT 451.90 467.45 Td (April ) Tj ET Q q 0 0 0 rg BT 472.05 467.45 Td (6, ) Tj ET Q q 0 0 0 rg BT 481.32 467.45 Td (2004, ) Tj ET Q q 0 0 0 rg BT 502.59 467.45 Td (February ) Tj ET Q q 0 0 0 rg BT 534.73 467.45 Td (2, ) Tj ET Q q 0 0 0 rg BT 544.00 467.45 Td (2006, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.85 Td (February14,2007, ) Tj ET Q q 0 0 0 rg BT 113.02 457.85 Td (December ) Tj ET Q q 0 0 0 rg BT 148.02 457.85 Td (12, ) Tj ET Q q 0 0 0 rg BT 160.16 457.85 Td (201) Tj ET Q q 0 0 0 rg BT 171.86 457.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 178.00 457.85 Td (and ) Tj ET Q q 0 0 0 rg BT 191.68 457.85 Td (December ) Tj ET Q q 0 0 0 rg BT 226.69 457.85 Td (9, ) Tj ET Q q 0 0 0 rg BT 234.82 457.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 254.81 457.85 Td (The ) Tj ET Q q 0 0 0 rg BT 268.91 457.85 Td (Audit ) Tj ET Q q 0 0 0 rg BT 289.27 457.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 326.96 457.85 Td (charter ) Tj ET Q q 0 0 0 rg BT 351.30 457.85 Td (is ) Tj ET Q q 0 0 0 rg BT 358.77 457.85 Td (available ) Tj ET Q q 0 0 0 rg BT 389.78 457.85 Td (on ) Tj ET Q q 0 0 0 rg BT 399.91 457.85 Td (our ) Tj ET Q q 0 0 0 rg BT 412.71 457.85 Td (website ) Tj ET Q q 0 0 0 rg BT 439.29 457.85 Td (at ) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 447.1982421875 456.78359375 m 491.1083984375 456.78359375 l s q 0 0 1 rg BT 447.20 457.85 Td (www) Tj ET Q q 0 0 1 rg BT 464.01 457.85 Td (.cme.net) Tj ET Q BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 491.11 457.85 Td (. ) Tj ET Q q 0 0 0 rg BT 495.25 457.85 Td (It ) Tj ET Q q 0 0 0 rg BT 502.27 457.85 Td (is ) Tj ET Q q 0 0 0 rg BT 509.74 457.85 Td (also ) Tj ET Q q 0 0 0 rg BT 524.76 457.85 Td (available ) Tj ET Q q 0 0 0 rg BT 555.77 457.85 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (print ) Tj ET Q q 0 0 0 rg BT 67.11 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 75.33 448.25 Td (any ) Tj ET Q q 0 0 0 rg BT 88.88 448.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 128.20 448.25 Td (on ) Tj ET Q q 0 0 0 rg BT 138.20 448.25 Td (request.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 429.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 85.32 429.65 Td (Officers) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 414.05 Td (Set ) Tj ET Q q 0 0 0 rg BT 62.03 414.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 79.39 414.05 Td (below ) Tj ET Q q 0 0 0 rg BT 100.76 414.05 Td (is ) Tj ET Q q 0 0 0 rg BT 107.90 414.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 131.47 414.05 Td (information ) Tj ET Q q 0 0 0 rg BT 171.05 414.05 Td (describing ) Tj ET Q q 0 0 0 rg BT 206.19 414.05 Td (our ) Tj ET Q q 0 0 0 rg BT 218.66 414.05 Td (current ) Tj ET Q q 0 0 0 rg BT 243.13 414.05 Td (executive ) Tj ET Q q 0 0 0 rg BT 275.59 414.05 Td (of) Tj ET Q q 0 0 0 rg BT 282.11 414.05 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 303.68 414.05 Td (all ) Tj ET Q q 0 0 0 rg BT 313.49 414.05 Td (of ) Tj ET Q q 0 0 0 rg BT 321.96 414.05 Td (which ) Tj ET Q q 0 0 0 rg BT 343.32 414.05 Td (are ) Tj ET Q q 0 0 0 rg BT 354.90 414.05 Td (Named ) Tj ET Q q 0 0 0 rg BT 379.81 414.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 413.61 414.05 Td (Of) Tj ET Q q 0 0 0 rg BT 421.90 414.05 Td (ficers ) Tj ET Q q 0 0 0 rg BT 441.48 414.05 Td (\(as ) Tj ET Q q 0 0 0 rg BT 452.62 414.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 478.42 414.05 Td (below\). ) Tj ET Q q 0 0 0 rg BT 504.31 414.05 Td (The ) Tj ET Q q 0 0 0 rg BT 518.56 414.05 Td (term ) Tj ET Q q 0 0 0 rg BT 535.03 414.05 Td (of ) Tj ET Q q 0 0 0 rg BT 543.51 414.05 Td (of) Tj ET Q q 0 0 0 rg BT 550.03 414.05 Td (fice ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 404.45 Td (of ) Tj ET Q q 0 0 0 rg BT 59.22 404.45 Td (such ) Tj ET Q q 0 0 0 rg BT 76.43 404.45 Td (of) Tj ET Q q 0 0 0 rg BT 82.95 404.45 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 105.27 404.45 Td (unless ) Tj ET Q q 0 0 0 rg BT 127.82 404.45 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 161.47 404.45 Td (set ) Tj ET Q q 0 0 0 rg BT 172.91 404.45 Td (forth ) Tj ET Q q 0 0 0 rg BT 191.01 404.45 Td (in ) Tj ET Q q 0 0 0 rg BT 199.79 404.45 Td (an ) Tj ET Q q 0 0 0 rg BT 209.89 404.45 Td (employment ) Tj ET Q q 0 0 0 rg BT 252.44 404.45 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 290.30 404.45 Td (is ) Tj ET Q q 0 0 0 rg BT 298.19 404.45 Td (at ) Tj ET Q q 0 0 0 rg BT 306.51 404.45 Td (the ) Tj ET Q q 0 0 0 rg BT 318.84 404.45 Td (discretion ) Tj ET Q q 0 0 0 rg BT 352.94 404.45 Td (of ) Tj ET Q q 0 0 0 rg BT 362.15 404.45 Td (the ) Tj ET Q q 0 0 0 rg BT 374.48 404.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 396.58 404.45 Td (of ) Tj ET Q q 0 0 0 rg BT 405.80 404.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 438.11 404.45 Td (and/or ) Tj ET Q q 0 0 0 rg BT 461.10 404.45 Td (the ) Tj ET Q q 0 0 0 rg BT 473.43 404.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 493.75 404.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 528.29 404.45 Td (Of) Tj ET Q q 0 0 0 rg BT 536.59 404.45 Td (ficer) Tj ET Q q 0 0 0 rg BT 550.80 404.45 Td (. ) Tj ET Q q 0 0 0 rg BT 555.35 404.45 Td (In ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 394.85 Td (addition, ) Tj ET Q q 0 0 0 rg BT 79.86 394.85 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 104.17 394.85 Td (Sarbu, ) Tj ET Q q 0 0 0 rg BT 126.94 394.85 Td (who ) Tj ET Q q 0 0 0 rg BT 142.82 394.85 Td (served ) Tj ET Q q 0 0 0 rg BT 165.80 394.85 Td (as ) Tj ET Q q 0 0 0 rg BT 174.57 394.85 Td (our ) Tj ET Q q 0 0 0 rg BT 187.34 394.85 Td (President ) Tj ET Q q 0 0 0 rg BT 219.21 394.85 Td (and ) Tj ET Q q 0 0 0 rg BT 232.87 394.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 252.74 394.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 286.83 394.85 Td (Of) Tj ET Q q 0 0 0 rg BT 295.13 394.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 311.88 394.85 Td (until ) Tj ET Q q 0 0 0 rg BT 328.19 394.85 Td (August ) Tj ET Q q 0 0 0 rg BT 353.40 394.85 Td (21, ) Tj ET Q q 0 0 0 rg BT 365.50 394.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 385.61 394.85 Td (David ) Tj ET Q q 0 0 0 rg BT 407.26 394.85 Td (Sach, ) Tj ET Q q 0 0 0 rg BT 426.91 394.85 Td (who ) Tj ET Q q 0 0 0 rg BT 442.79 394.85 Td (served ) Tj ET Q q 0 0 0 rg BT 465.78 394.85 Td (as ) Tj ET Q q 0 0 0 rg BT 474.54 394.85 Td (our ) Tj ET Q q 0 0 0 rg BT 487.31 394.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 507.18 394.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 539.06 394.85 Td (Of) Tj ET Q q 0 0 0 rg BT 547.35 394.85 Td (ficer ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (until ) Tj ET Q q 0 0 0 rg BT 66.89 385.25 Td (October ) Tj ET Q q 0 0 0 rg BT 94.88 385.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 107.10 385.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 125.32 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.60 385.25 Td (Anthony ) Tj ET Q q 0 0 0 rg BT 168.82 385.25 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 189.64 385.25 Td (, ) Tj ET Q q 0 0 0 rg BT 193.86 385.25 Td (who ) Tj ET Q q 0 0 0 rg BT 209.86 385.25 Td (served ) Tj ET Q q 0 0 0 rg BT 232.96 385.25 Td (as ) Tj ET Q q 0 0 0 rg BT 241.85 385.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 275.89 385.25 Td (V) Tj ET Q q 0 0 0 rg BT 281.19 385.25 Td (ice ) Tj ET Q q 0 0 0 rg BT 292.74 385.25 Td (President ) Tj ET Q q 0 0 0 rg BT 324.73 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.50 385.25 Td (Head ) Tj ET Q q 0 0 0 rg BT 357.60 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.49 385.25 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 397.15 385.25 Td (Planning ) Tj ET Q q 0 0 0 rg BT 427.81 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.58 385.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 478.91 385.25 Td (until ) Tj ET Q q 0 0 0 rg BT 495.80 385.25 Td (November ) Tj ET Q q 0 0 0 rg BT 531.78 385.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 544.01 385.25 Td (2013, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 375.65 Td (are ) Tj ET Q q 0 0 0 rg BT 61.77 375.65 Td (Named ) Tj ET Q q 0 0 0 rg BT 90.42 375.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 124.40 375.65 Td (Of) Tj ET Q q 0 0 0 rg BT 132.70 375.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 156.02 375.65 Td (for ) Tj ET Q q 0 0 0 rg BT 167.34 375.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 197.79 375.65 Td (of ) Tj ET Q q 0 0 0 rg BT 206.45 375.65 Td (this ) Tj ET Q q 0 0 0 rg BT 220.01 375.65 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 268.23 375.65 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 305.34 375.65 Td (and ) Tj ET Q q 0 0 0 rg BT 318.45 375.65 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 348.45 375.65 Td (and ) Tj ET Q q 0 0 0 rg BT 362.00 375.65 Td (the ) Tj ET Q q 0 0 0 rg BT 373.77 375.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 420.21 375.65 Td (tables ) Tj ET Q q 0 0 0 rg BT 440.87 375.65 Td (below) Tj ET Q q 0 0 0 rg BT 459.90 375.65 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 360.05 Td (Michael ) Tj ET Q q 0 0 0 rg BT 78.59 360.05 Td (Del ) Tj ET Q q 0 0 0 rg BT 92.53 360.05 Td (Nin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.08 360.05 Td (, ) Tj ET Q q 0 0 0 rg BT 108.47 360.05 Td (42, ) Tj ET Q q 0 0 0 rg BT 120.85 360.05 Td (has ) Tj ET Q q 0 0 0 rg BT 133.89 360.05 Td (served ) Tj ET Q q 0 0 0 rg BT 157.15 360.05 Td (as ) Tj ET Q q 0 0 0 rg BT 166.20 360.05 Td (the ) Tj ET Q q 0 0 0 rg BT 178.36 360.05 Td (Company) Tj ET Q q 0 0 0 rg BT 211.69 360.05 Td (s ) Tj ET Q q 0 0 0 rg BT 217.18 360.05 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 247.55 360.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 281.92 360.05 Td (Of) Tj ET Q q 0 0 0 rg BT 290.22 360.05 Td (ficer ) Tj ET Q q 0 0 0 rg BT 307.25 360.05 Td (since ) Tj ET Q q 0 0 0 rg BT 326.07 360.05 Td (September ) Tj ET Q q 0 0 0 rg BT 362.66 360.05 Td (2013. ) Tj ET Q q 0 0 0 rg BT 383.04 360.05 Td (From ) Tj ET Q q 0 0 0 rg BT 402.76 360.05 Td (October ) Tj ET Q q 0 0 0 rg BT 430.91 360.05 Td (2009 ) Tj ET Q q 0 0 0 rg BT 449.29 360.05 Td (until ) Tj ET Q q 0 0 0 rg BT 466.34 360.05 Td (September ) Tj ET Q q 0 0 0 rg BT 502.93 360.05 Td (15, ) Tj ET Q q 0 0 0 rg BT 515.32 360.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 533.70 360.05 Td (he ) Tj ET Q q 0 0 0 rg BT 543.63 360.05 Td (was ) Tj ET Q q 0 0 0 rg BT 558.45 360.05 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 350.45 Td (member ) Tj ET Q q 0 0 0 rg BT 77.91 350.45 Td (of ) Tj ET Q q 0 0 0 rg BT 86.28 350.45 Td (the ) Tj ET Q q 0 0 0 rg BT 97.75 350.45 Td (Company) Tj ET Q q 0 0 0 rg BT 131.08 350.45 Td (s ) Tj ET Q q 0 0 0 rg BT 135.89 350.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 157.15 350.45 Td (of ) Tj ET Q q 0 0 0 rg BT 165.51 350.45 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 198.98 350.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 216.68 350.45 Td (to ) Tj ET Q q 0 0 0 rg BT 224.60 350.45 Td (his ) Tj ET Q q 0 0 0 rg BT 235.63 350.45 Td (appointment ) Tj ET Q q 0 0 0 rg BT 277.33 350.45 Td (as ) Tj ET Q q 0 0 0 rg BT 285.69 350.45 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 315.38 350.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 349.06 350.45 Td (Of) Tj ET Q q 0 0 0 rg BT 357.36 350.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 373.71 350.45 Td (of ) Tj ET Q q 0 0 0 rg BT 382.08 350.45 Td (the ) Tj ET Q q 0 0 0 rg BT 393.55 350.45 Td (Company) Tj ET Q q 0 0 0 rg BT 424.14 350.45 Td (, ) Tj ET Q q 0 0 0 rg BT 427.84 350.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 437.18 350.45 Td (. ) Tj ET Q q 0 0 0 rg BT 440.88 350.45 Td (Del ) Tj ET Q q 0 0 0 rg BT 454.13 350.45 Td (Nin ) Tj ET Q q 0 0 0 rg BT 467.83 350.45 Td (was ) Tj ET Q q 0 0 0 rg BT 481.97 350.45 Td (the ) Tj ET Q q 0 0 0 rg BT 493.44 350.45 Td (Senior ) Tj ET Q q 0 0 0 rg BT 515.91 350.45 Td (V) Tj ET Q q 0 0 0 rg BT 521.21 350.45 Td (ice ) Tj ET Q q 0 0 0 rg BT 532.23 350.45 Td (President ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.85 Td (of ) Tj ET Q q 0 0 0 rg BT 58.61 340.85 Td (International ) Tj ET Q q 0 0 0 rg BT 101.44 340.85 Td (and ) Tj ET Q q 0 0 0 rg BT 114.94 340.85 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 148.88 340.85 Td (Strategy ) Tj ET Q q 0 0 0 rg BT 177.49 340.85 Td (at ) Tj ET Q q 0 0 0 rg BT 185.07 340.85 Td (T) Tj ET Q q 0 0 0 rg BT 189.67 340.85 Td (ime ) Tj ET Q q 0 0 0 rg BT 203.48 340.85 Td (W) Tj ET Q q 0 0 0 rg BT 210.39 340.85 Td (arner ) Tj ET Q q 0 0 0 rg BT 228.77 340.85 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 242.93 340.85 Td (from ) Tj ET Q q 0 0 0 rg BT 260.00 340.85 Td (April ) Tj ET Q q 0 0 0 rg BT 278.84 340.85 Td (2008 ) Tj ET Q q 0 0 0 rg BT 296.79 340.85 Td (until ) Tj ET Q q 0 0 0 rg BT 313.41 340.85 Td (September ) Tj ET Q q 0 0 0 rg BT 349.57 340.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 369.52 340.85 Td (in ) Tj ET Q q 0 0 0 rg BT 377.69 340.85 Td (which ) Tj ET Q q 0 0 0 rg BT 399.19 340.85 Td (capacity ) Tj ET Q q 0 0 0 rg BT 427.79 340.85 Td (he ) Tj ET Q q 0 0 0 rg BT 437.29 340.85 Td (helped ) Tj ET Q q 0 0 0 rg BT 460.57 340.85 Td (drive ) Tj ET Q q 0 0 0 rg BT 478.82 340.85 Td (T) Tj ET Q q 0 0 0 rg BT 483.42 340.85 Td (ime ) Tj ET Q q 0 0 0 rg BT 497.23 340.85 Td (W) Tj ET Q q 0 0 0 rg BT 504.14 340.85 Td (arner ) Tj ET Q q 0 0 0 rg BT 522.52 340.85 Td (Inc.) Tj ET Q q 0 0 0 rg BT 536.95 340.85 Td (s ) Tj ET Q q 0 0 0 rg BT 542.02 340.85 Td (global ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 76.99 331.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.21 331.25 Td (business ) Tj ET Q q 0 0 0 rg BT 118.99 331.25 Td (development ) Tj ET Q q 0 0 0 rg BT 161.97 331.25 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 197.19 331.25 Td (with ) Tj ET Q q 0 0 0 rg BT 213.08 331.25 Td (a ) Tj ET Q q 0 0 0 rg BT 218.29 331.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 250.61 331.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 269.60 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 279.27 331.25 Td (international ) Tj ET Q q 0 0 0 rg BT 321.37 331.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 356.36 331.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.57 331.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 411.46 331.25 Td (From ) Tj ET Q q 0 0 0 rg BT 430.46 331.25 Td (2006 ) Tj ET Q q 0 0 0 rg BT 448.13 331.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.01 331.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 475.68 331.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 485.02 331.25 Td (. ) Tj ET Q q 0 0 0 rg BT 488.68 331.25 Td (Del ) Tj ET Q q 0 0 0 rg BT 501.90 331.25 Td (Nin ) Tj ET Q q 0 0 0 rg BT 515.56 331.25 Td (was ) Tj ET Q q 0 0 0 rg BT 529.67 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.11 331.25 Td (Senior ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 321.65 Td (V) Tj ET Q q 0 0 0 rg BT 55.30 321.65 Td (ice ) Tj ET Q q 0 0 0 rg BT 66.86 321.65 Td (President ) Tj ET Q q 0 0 0 rg BT 98.88 321.65 Td (responsible ) Tj ET Q q 0 0 0 rg BT 137.56 321.65 Td (for ) Tj ET Q q 0 0 0 rg BT 149.13 321.65 Td (Mer) Tj ET Q q 0 0 0 rg BT 162.32 321.65 Td (gers ) Tj ET Q q 0 0 0 rg BT 177.89 321.65 Td (and ) Tj ET Q q 0 0 0 rg BT 191.19 321.65 Td (Acquisitions. ) Tj ET Q q 0 0 0 rg BT 235.88 321.65 Td (Prior ) Tj ET Q q 0 0 0 rg BT 254.12 321.65 Td (to ) Tj ET Q q 0 0 0 rg BT 262.58 321.65 Td (joining ) Tj ET Q q 0 0 0 rg BT 287.33 321.65 Td (T) Tj ET Q q 0 0 0 rg BT 291.94 321.65 Td (ime ) Tj ET Q q 0 0 0 rg BT 306.02 321.65 Td (W) Tj ET Q q 0 0 0 rg BT 312.93 321.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 331.60 321.65 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 348.06 321.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 357.39 321.65 Td (. ) Tj ET Q q 0 0 0 rg BT 361.64 321.65 Td (Del ) Tj ET Q q 0 0 0 rg BT 375.43 321.65 Td (Nin ) Tj ET Q q 0 0 0 rg BT 389.67 321.65 Td (was ) Tj ET Q q 0 0 0 rg BT 404.36 321.65 Td (Senior ) Tj ET Q q 0 0 0 rg BT 427.33 321.65 Td (V) Tj ET Q q 0 0 0 rg BT 432.62 321.65 Td (ice ) Tj ET Q q 0 0 0 rg BT 444.19 321.65 Td (President, ) Tj ET Q q 0 0 0 rg BT 478.21 321.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 508.90 321.65 Td (Development, ) Tj ET Q q 0 0 0 rg BT 556.24 321.65 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 312.05 Td (New ) Tj ET Q q 0 0 0 rg BT 66.85 312.05 Td (Line ) Tj ET Q q 0 0 0 rg BT 83.26 312.05 Td (Cinema. ) Tj ET Q q 0 0 0 rg BT 111.90 312.05 Td (In ) Tj ET Q q 0 0 0 rg BT 120.31 312.05 Td (that ) Tj ET Q q 0 0 0 rg BT 134.05 312.05 Td (role ) Tj ET Q q 0 0 0 rg BT 148.24 312.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 157.58 312.05 Td (. ) Tj ET Q q 0 0 0 rg BT 161.33 312.05 Td (Del ) Tj ET Q q 0 0 0 rg BT 174.63 312.05 Td (Nin ) Tj ET Q q 0 0 0 rg BT 188.37 312.05 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 218.55 312.05 Td (the ) Tj ET Q q 0 0 0 rg BT 230.07 312.05 Td (economics ) Tj ET Q q 0 0 0 rg BT 266.03 312.05 Td (of ) Tj ET Q q 0 0 0 rg BT 274.44 312.05 Td (the ) Tj ET Q q 0 0 0 rg BT 285.97 312.05 Td (studio) Tj ET Q q 0 0 0 rg BT 307.75 312.05 Td (s ) Tj ET Q q 0 0 0 rg BT 312.61 312.05 Td (film ) Tj ET Q q 0 0 0 rg BT 327.69 312.05 Td (and ) Tj ET Q q 0 0 0 rg BT 340.99 312.05 Td (television ) Tj ET Q q 0 0 0 rg BT 373.85 312.05 Td (projects ) Tj ET Q q 0 0 0 rg BT 400.92 312.05 Td (while ) Tj ET Q q 0 0 0 rg BT 420.44 312.05 Td (helping ) Tj ET Q q 0 0 0 rg BT 446.19 312.05 Td (to ) Tj ET Q q 0 0 0 rg BT 454.16 312.05 Td (develop ) Tj ET Q q 0 0 0 rg BT 481.23 312.05 Td (and ) Tj ET Q q 0 0 0 rg BT 494.53 312.05 Td (implement ) Tj ET Q q 0 0 0 rg BT 530.50 312.05 Td (New ) Tj ET Q q 0 0 0 rg BT 547.35 312.05 Td (Line ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 302.45 Td (Cinema) Tj ET Q q 0 0 0 rg BT 77.11 302.45 Td (s ) Tj ET Q q 0 0 0 rg BT 82.40 302.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 116.13 302.45 Td (business ) Tj ET Q q 0 0 0 rg BT 145.42 302.45 Td (plan. ) Tj ET Q q 0 0 0 rg BT 163.37 302.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 181.55 302.45 Td (to ) Tj ET Q q 0 0 0 rg BT 189.95 302.45 Td (joining ) Tj ET Q q 0 0 0 rg BT 214.80 302.45 Td (New ) Tj ET Q q 0 0 0 rg BT 232.09 302.45 Td (Line ) Tj ET Q q 0 0 0 rg BT 248.93 302.45 Td (Cinema, ) Tj ET Q q 0 0 0 rg BT 277.99 302.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 287.32 302.45 Td (. ) Tj ET Q q 0 0 0 rg BT 291.50 302.45 Td (Del ) Tj ET Q q 0 0 0 rg BT 305.23 302.45 Td (Nin ) Tj ET Q q 0 0 0 rg BT 319.41 302.45 Td (was ) Tj ET Q q 0 0 0 rg BT 334.04 302.45 Td (an ) Tj ET Q q 0 0 0 rg BT 343.77 302.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 381.05 302.45 Td (banker ) Tj ET Q q 0 0 0 rg BT 405.00 302.45 Td (focused ) Tj ET Q q 0 0 0 rg BT 432.05 302.45 Td (on ) Tj ET Q q 0 0 0 rg BT 442.23 302.45 Td (the ) Tj ET Q q 0 0 0 rg BT 454.19 302.45 Td (media ) Tj ET Q q 0 0 0 rg BT 475.91 302.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 504.32 302.45 Td (at ) Tj ET Q q 0 0 0 rg BT 512.27 302.45 Td (Salomon ) Tj ET Q q 0 0 0 rg BT 542.89 302.45 Td (Smith ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 292.85 Td (Barney ) Tj ET Q q 0 0 0 rg BT 75.10 292.85 Td (in ) Tj ET Q q 0 0 0 rg BT 83.32 292.85 Td (New ) Tj ET Q q 0 0 0 rg BT 100.13 292.85 Td (Y) Tj ET Q q 0 0 0 rg BT 105.11 292.85 Td (ork.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (Christoph ) Tj ET Q q 0 0 0 rg BT 83.93 277.25 Td (Mainusch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 115.48 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 119.40 277.25 Td (51, ) Tj ET Q q 0 0 0 rg BT 131.32 277.25 Td (has ) Tj ET Q q 0 0 0 rg BT 143.91 277.25 Td (served ) Tj ET Q q 0 0 0 rg BT 166.71 277.25 Td (as ) Tj ET Q q 0 0 0 rg BT 175.29 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.99 277.25 Td (Company) Tj ET Q q 0 0 0 rg BT 220.32 277.25 Td (s ) Tj ET Q q 0 0 0 rg BT 225.35 277.25 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 255.26 277.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 289.17 277.25 Td (Of) Tj ET Q q 0 0 0 rg BT 297.46 277.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 314.04 277.25 Td (since ) Tj ET Q q 0 0 0 rg BT 332.39 277.25 Td (September ) Tj ET Q q 0 0 0 rg BT 368.53 277.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 388.45 277.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 406.37 277.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.51 277.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 439.10 277.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.79 277.25 Td (Company) Tj ET Q q 0 0 0 rg BT 481.38 277.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.31 277.25 Td (he ) Tj ET Q q 0 0 0 rg BT 494.78 277.25 Td (was ) Tj ET Q q 0 0 0 rg BT 509.14 277.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.61 277.25 Td (advisor ) Tj ET Q q 0 0 0 rg BT 544.08 277.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 277.25 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 267.65 Td (President ) Tj ET Q q 0 0 0 rg BT 82.10 267.65 Td (of ) Tj ET Q q 0 0 0 rg BT 90.92 267.65 Td (T) Tj ET Q q 0 0 0 rg BT 95.52 267.65 Td (urner ) Tj ET Q q 0 0 0 rg BT 114.73 267.65 Td (Broadcasting ) Tj ET Q q 0 0 0 rg BT 159.26 267.65 Td (International, ) Tj ET Q q 0 0 0 rg BT 204.46 267.65 Td (a ) Tj ET Q q 0 0 0 rg BT 210.33 267.65 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 258.87 267.65 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 294.08 267.65 Td (of ) Tj ET Q q 0 0 0 rg BT 302.90 267.65 Td (T) Tj ET Q q 0 0 0 rg BT 307.51 267.65 Td (ime ) Tj ET Q q 0 0 0 rg BT 321.66 267.65 Td (W) Tj ET Q q 0 0 0 rg BT 328.57 267.65 Td (arner ) Tj ET Q q 0 0 0 rg BT 347.32 267.65 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 363.86 267.65 Td (where ) Tj ET Q q 0 0 0 rg BT 385.73 267.65 Td (he ) Tj ET Q q 0 0 0 rg BT 395.61 267.65 Td (consulted ) Tj ET Q q 0 0 0 rg BT 428.59 267.65 Td (on ) Tj ET Q q 0 0 0 rg BT 438.91 267.65 Td (various ) Tj ET Q q 0 0 0 rg BT 464.79 267.65 Td (projects ) Tj ET Q q 0 0 0 rg BT 492.44 267.65 Td (from ) Tj ET Q q 0 0 0 rg BT 509.80 267.65 Td (April ) Tj ET Q q 0 0 0 rg BT 529.01 267.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 547.33 267.65 Td (until ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 258.05 Td (September ) Tj ET Q q 0 0 0 rg BT 86.96 258.05 Td (2013. ) Tj ET Q q 0 0 0 rg BT 107.71 258.05 Td (From ) Tj ET Q q 0 0 0 rg BT 127.79 258.05 Td (March ) Tj ET Q q 0 0 0 rg BT 151.42 258.05 Td (to ) Tj ET Q q 0 0 0 rg BT 160.39 258.05 Td (December ) Tj ET Q q 0 0 0 rg BT 196.01 258.05 Td (2012, ) Tj ET Q q 0 0 0 rg BT 216.76 258.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 226.09 258.05 Td (. ) Tj ET Q q 0 0 0 rg BT 230.84 258.05 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 265.14 258.05 Td (was ) Tj ET Q q 0 0 0 rg BT 280.33 258.05 Td (a ) Tj ET Q q 0 0 0 rg BT 286.63 258.05 Td (member ) Tj ET Q q 0 0 0 rg BT 315.59 258.05 Td (of ) Tj ET Q q 0 0 0 rg BT 325.01 258.05 Td (the ) Tj ET Q q 0 0 0 rg BT 337.53 258.05 Td (Operational ) Tj ET Q q 0 0 0 rg BT 378.04 258.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 422.55 258.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 460.85 258.05 Td (of ) Tj ET Q q 0 0 0 rg BT 470.26 258.05 Td (the ) Tj ET Q q 0 0 0 rg BT 482.79 258.05 Td (R) Tj ET Q q 0 0 0 rg BT 487.64 258.05 Td (TL) Tj ET Q q 0 0 0 rg BT 497.12 258.05 Td ( ) Tj ET Q q 0 0 0 rg BT 499.87 258.05 Td (Group, ) Tj ET Q q 0 0 0 rg BT 525.06 258.05 Td (a ) Tj ET Q q 0 0 0 rg BT 531.36 258.05 Td (European ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 248.45 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 95.48 248.45 Td (network. ) Tj ET Q q 0 0 0 rg BT 125.19 248.45 Td (From ) Tj ET Q q 0 0 0 rg BT 144.02 248.45 Td (September ) Tj ET Q q 0 0 0 rg BT 179.73 248.45 Td (2009 ) Tj ET Q q 0 0 0 rg BT 197.23 248.45 Td (to ) Tj ET Q q 0 0 0 rg BT 204.95 248.45 Td (February ) Tj ET Q q 0 0 0 rg BT 235.32 248.45 Td (2012, ) Tj ET Q q 0 0 0 rg BT 254.82 248.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 264.16 248.45 Td (. ) Tj ET Q q 0 0 0 rg BT 267.65 248.45 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 300.70 248.45 Td (served ) Tj ET Q q 0 0 0 rg BT 323.08 248.45 Td (as ) Tj ET Q q 0 0 0 rg BT 331.24 248.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 350.51 248.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 383.99 248.45 Td (Of) Tj ET Q q 0 0 0 rg BT 392.29 248.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 408.44 248.45 Td (of ) Tj ET Q q 0 0 0 rg BT 416.60 248.45 Td (the ) Tj ET Q q 0 0 0 rg BT 427.54 248.45 Td (Alpha ) Tj ET Q q 0 0 0 rg BT 448.59 248.45 Td (Media ) Tj ET Q q 0 0 0 rg BT 470.52 248.45 Td (Group ) Tj ET Q q 0 0 0 rg BT 492.46 248.45 Td (in ) Tj ET Q q 0 0 0 rg BT 500.18 248.45 Td (Greece, ) Tj ET Q q 0 0 0 rg BT 526.32 248.45 Td (a ) Tj ET Q q 0 0 0 rg BT 531.37 248.45 Td (terrestrial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 238.85 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 82.38 238.85 Td (company ) Tj ET Q q 0 0 0 rg BT 113.43 238.85 Td (partly ) Tj ET Q q 0 0 0 rg BT 133.82 238.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 156.88 238.85 Td (by ) Tj ET Q q 0 0 0 rg BT 166.60 238.85 Td (the ) Tj ET Q q 0 0 0 rg BT 178.10 238.85 Td (R) Tj ET Q q 0 0 0 rg BT 182.96 238.85 Td (TL) Tj ET Q q 0 0 0 rg BT 192.44 238.85 Td ( ) Tj ET Q q 0 0 0 rg BT 194.16 238.85 Td (Group. ) Tj ET Q q 0 0 0 rg BT 218.33 238.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 227.67 238.85 Td (. ) Tj ET Q q 0 0 0 rg BT 231.40 238.85 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 264.67 238.85 Td (served ) Tj ET Q q 0 0 0 rg BT 287.28 238.85 Td (as ) Tj ET Q q 0 0 0 rg BT 295.67 238.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 315.17 238.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 348.88 238.85 Td (Of) Tj ET Q q 0 0 0 rg BT 357.18 238.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 373.56 238.85 Td (of ) Tj ET Q q 0 0 0 rg BT 381.95 238.85 Td (R) Tj ET Q q 0 0 0 rg BT 386.81 238.85 Td (TL) Tj ET Q q 0 0 0 rg BT 396.29 238.85 Td ( ) Tj ET Q q 0 0 0 rg BT 397.89 238.85 Td (T) Tj ET Q q 0 0 0 rg BT 402.22 238.85 Td (elevizija ) Tj ET Q q 0 0 0 rg BT 431.04 238.85 Td (in ) Tj ET Q q 0 0 0 rg BT 438.99 238.85 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 464.26 238.85 Td (from ) Tj ET Q q 0 0 0 rg BT 481.54 238.85 Td (2004 ) Tj ET Q q 0 0 0 rg BT 499.27 238.85 Td (to ) Tj ET Q q 0 0 0 rg BT 507.22 238.85 Td (2009. ) Tj ET Q q 0 0 0 rg BT 526.95 238.85 Td (From ) Tj ET Q q 0 0 0 rg BT 546.01 238.85 Td (1996 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (until ) Tj ET Q q 0 0 0 rg BT 67.13 229.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 87.59 229.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 96.93 229.25 Td (. ) Tj ET Q q 0 0 0 rg BT 101.39 229.25 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 135.40 229.25 Td (served ) Tj ET Q q 0 0 0 rg BT 158.74 229.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.87 229.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 188.10 229.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 222.55 229.25 Td (Of) Tj ET Q q 0 0 0 rg BT 230.85 229.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 247.96 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.54 229.25 Td (ACS ) Tj ET Q q 0 0 0 rg BT 274.57 229.25 Td (Media ) Tj ET Q q 0 0 0 rg BT 297.47 229.25 Td (GmbH. ) Tj ET Q q 0 0 0 rg BT 323.71 229.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 333.04 229.25 Td (. ) Tj ET Q q 0 0 0 rg BT 337.51 229.25 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 371.52 229.25 Td (started ) Tj ET Q q 0 0 0 rg BT 395.30 229.25 Td (his ) Tj ET Q q 0 0 0 rg BT 407.10 229.25 Td (career ) Tj ET Q q 0 0 0 rg BT 429.10 229.25 Td (as ) Tj ET Q q 0 0 0 rg BT 438.22 229.25 Td (a ) Tj ET Q q 0 0 0 rg BT 444.23 229.25 Td (freelancer ) Tj ET Q q 0 0 0 rg BT 478.66 229.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.45 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.69 229.25 Td (public ) Tj ET Q q 0 0 0 rg BT 525.15 229.25 Td (broadcaster ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.65 Td (Bayerischer ) Tj ET Q q 0 0 0 rg BT 90.20 219.65 Td (Rundfunk ) Tj ET Q q 0 0 0 rg BT 124.20 219.65 Td (in ) Tj ET Q q 0 0 0 rg BT 132.43 219.65 Td (1987, ) Tj ET Q q 0 0 0 rg BT 152.43 219.65 Td (followed ) Tj ET Q q 0 0 0 rg BT 182.86 219.65 Td (by ) Tj ET Q q 0 0 0 rg BT 192.86 219.65 Td (several ) Tj ET Q q 0 0 0 rg BT 217.52 219.65 Td (positions ) Tj ET Q q 0 0 0 rg BT 248.41 219.65 Td (at ) Tj ET Q q 0 0 0 rg BT 256.18 219.65 Td (commercial ) Tj ET Q q 0 0 0 rg BT 295.94 219.65 Td (broadcasters ) Tj ET Q q 0 0 0 rg BT 337.92 219.65 Td (SA) Tj ET Q q 0 0 0 rg BT 347.26 219.65 Td (T) Tj ET Q q 0 0 0 rg BT 351.55 219.65 Td (.1, ) Tj ET Q q 0 0 0 rg BT 361.41 219.65 Td (T) Tj ET Q q 0 0 0 rg BT 365.74 219.65 Td (ele5, ) Tj ET Q q 0 0 0 rg BT 385.06 219.65 Td (R) Tj ET Q q 0 0 0 rg BT 389.92 219.65 Td (TL) Tj ET Q q 0 0 0 rg BT 399.39 219.65 Td (2.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 204.05 Td (Daniel ) Tj ET Q q 0 0 0 rg BT 73.97 204.05 Td (Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 90.41 204.05 Td (, ) Tj ET Q q 0 0 0 rg BT 94.61 204.05 Td (48, ) Tj ET Q q 0 0 0 rg BT 106.81 204.05 Td (joined ) Tj ET Q q 0 0 0 rg BT 129.01 204.05 Td (the ) Tj ET Q q 0 0 0 rg BT 140.98 204.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.29 204.05 Td (in ) Tj ET Q q 0 0 0 rg BT 182.71 204.05 Td (2002 ) Tj ET Q q 0 0 0 rg BT 200.91 204.05 Td (and ) Tj ET Q q 0 0 0 rg BT 214.67 204.05 Td (has ) Tj ET Q q 0 0 0 rg BT 227.53 204.05 Td (served ) Tj ET Q q 0 0 0 rg BT 250.61 204.05 Td (as ) Tj ET Q q 0 0 0 rg BT 259.47 204.05 Td (General ) Tj ET Q q 0 0 0 rg BT 286.99 204.05 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 315.41 204.05 Td (and ) Tj ET Q q 0 0 0 rg BT 329.16 204.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.47 204.05 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 394.88 204.05 Td (since ) Tj ET Q q 0 0 0 rg BT 413.51 204.05 Td (2004. ) Tj ET Q q 0 0 0 rg BT 433.71 204.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 443.05 204.05 Td (. ) Tj ET Q q 0 0 0 rg BT 447.25 204.05 Td (Penn ) Tj ET Q q 0 0 0 rg BT 465.45 204.05 Td (was ) Tj ET Q q 0 0 0 rg BT 480.09 204.05 Td (named ) Tj ET Q q 0 0 0 rg BT 503.62 204.05 Td (an ) Tj ET Q q 0 0 0 rg BT 513.37 204.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 547.39 204.05 Td (V) Tj ET Q q 0 0 0 rg BT 552.69 204.05 Td (ice ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 194.45 Td (President ) Tj ET Q q 0 0 0 rg BT 81.25 194.45 Td (of ) Tj ET Q q 0 0 0 rg BT 89.38 194.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.63 194.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.21 194.45 Td (in ) Tj ET Q q 0 0 0 rg BT 140.90 194.45 Td (February ) Tj ET Q q 0 0 0 rg BT 171.25 194.45 Td (2010. ) Tj ET Q q 0 0 0 rg BT 190.72 194.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 208.20 194.45 Td (to ) Tj ET Q q 0 0 0 rg BT 215.89 194.45 Td (joining ) Tj ET Q q 0 0 0 rg BT 240.03 194.45 Td (the ) Tj ET Q q 0 0 0 rg BT 251.27 194.45 Td (Company) Tj ET Q q 0 0 0 rg BT 281.86 194.45 Td (, ) Tj ET Q q 0 0 0 rg BT 285.34 194.45 Td (he ) Tj ET Q q 0 0 0 rg BT 294.36 194.45 Td (served ) Tj ET Q q 0 0 0 rg BT 316.71 194.45 Td (as ) Tj ET Q q 0 0 0 rg BT 324.84 194.45 Td (General ) Tj ET Q q 0 0 0 rg BT 351.63 194.45 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 379.33 194.45 Td (and ) Tj ET Q q 0 0 0 rg BT 392.35 194.45 Td (Head ) Tj ET Q q 0 0 0 rg BT 410.70 194.45 Td (of ) Tj ET Q q 0 0 0 rg BT 418.84 194.45 Td (Developments/Business ) Tj ET Q q 0 0 0 rg BT 496.87 194.45 Td (Af) Tj ET Q q 0 0 0 rg BT 505.16 194.45 Td (fairs ) Tj ET Q q 0 0 0 rg BT 520.85 194.45 Td (in ) Tj ET Q q 0 0 0 rg BT 528.54 194.45 Td (an ) Tj ET Q q 0 0 0 rg BT 537.57 194.45 Td (internet ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 184.85 Td (publishing ) Tj ET Q q 0 0 0 rg BT 85.34 184.85 Td (business ) Tj ET Q q 0 0 0 rg BT 114.01 184.85 Td (and ) Tj ET Q q 0 0 0 rg BT 127.11 184.85 Td (in ) Tj ET Q q 0 0 0 rg BT 134.89 184.85 Td (a ) Tj ET Q q 0 0 0 rg BT 140.00 184.85 Td (multinational ) Tj ET Q q 0 0 0 rg BT 184.21 184.85 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 250.19 184.85 Td (company) Tj ET Q q 0 0 0 rg BT 279.00 184.85 Td (. ) Tj ET Q q 0 0 0 rg BT 282.55 184.85 Td (He ) Tj ET Q q 0 0 0 rg BT 293.44 184.85 Td (began ) Tj ET Q q 0 0 0 rg BT 314.10 184.85 Td (his ) Tj ET Q q 0 0 0 rg BT 324.99 184.85 Td (career ) Tj ET Q q 0 0 0 rg BT 346.07 184.85 Td (in ) Tj ET Q q 0 0 0 rg BT 353.85 184.85 Td (private ) Tj ET Q q 0 0 0 rg BT 377.62 184.85 Td (practice ) Tj ET Q q 0 0 0 rg BT 404.49 184.85 Td (with ) Tj ET Q q 0 0 0 rg BT 420.27 184.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.59 184.85 Td (law ) Tj ET Q q 0 0 0 rg BT 444.70 184.85 Td (firm ) Tj ET Q q 0 0 0 rg BT 460.03 184.85 Td (Mayer ) Tj ET Q q 0 0 0 rg BT 482.46 184.85 Td (Brown, ) Tj ET Q q 0 0 0 rg BT 507.80 184.85 Td (where ) Tj ET Q q 0 0 0 rg BT 528.90 184.85 Td (he ) Tj ET Q q 0 0 0 rg BT 538.00 184.85 Td (worked ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 58.14 175.25 Td (their ) Tj ET Q q 0 0 0 rg BT 74.71 175.25 Td (of) Tj ET Q q 0 0 0 rg BT 81.23 175.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 98.25 175.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.38 175.25 Td (New ) Tj ET Q q 0 0 0 rg BT 123.12 175.25 Td (Y) Tj ET Q q 0 0 0 rg BT 128.09 175.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 142.67 175.25 Td (London ) Tj ET Q q 0 0 0 rg BT 169.47 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.80 175.25 Td (T) Tj ET Q q 0 0 0 rg BT 187.13 175.25 Td (ashkent, ) Tj ET Q q 0 0 0 rg BT 215.48 175.25 Td (Uzbekistan. ) Tj ET Q q 0 0 0 rg BT 255.38 175.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 264.72 175.25 Td (. ) Tj ET Q q 0 0 0 rg BT 268.63 175.25 Td (Penn ) Tj ET Q q 0 0 0 rg BT 286.55 175.25 Td (graduated ) Tj ET Q q 0 0 0 rg BT 320.00 175.25 Td (from ) Tj ET Q q 0 0 0 rg BT 337.46 175.25 Td (Princeton ) Tj ET Q q 0 0 0 rg BT 370.04 175.25 Td (University ) Tj ET Q q 0 0 0 rg BT 405.73 175.25 Td (with ) Tj ET Q q 0 0 0 rg BT 421.86 175.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.33 175.25 Td (B.A. ) Tj ET Q q 0 0 0 rg BT 444.35 175.25 Td (from ) Tj ET Q q 0 0 0 rg BT 461.82 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.37 175.25 Td (W) Tj ET Q q 0 0 0 rg BT 480.28 175.25 Td (oodrow ) Tj ET Q q 0 0 0 rg BT 506.50 175.25 Td (W) Tj ET Q q 0 0 0 rg BT 513.73 175.25 Td (ilson ) Tj ET Q q 0 0 0 rg BT 531.20 175.25 Td (School ) Tj ET Q q 0 0 0 rg BT 555.34 175.25 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 165.65 Td (Public ) Tj ET Q q 0 0 0 rg BT 72.40 165.65 Td (and ) Tj ET Q q 0 0 0 rg BT 85.91 165.65 Td (International ) Tj ET Q q 0 0 0 rg BT 128.31 165.65 Td (Af) Tj ET Q q 0 0 0 rg BT 136.61 165.65 Td (fairs ) Tj ET Q q 0 0 0 rg BT 152.78 165.65 Td (and ) Tj ET Q q 0 0 0 rg BT 166.29 165.65 Td (a ) Tj ET Q q 0 0 0 rg BT 171.80 165.65 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 207.52 165.65 Td (of ) Tj ET Q q 0 0 0 rg BT 215.71 165.65 Td (Achievement ) Tj ET Q q 0 0 0 rg BT 260.32 165.65 Td (in ) Tj ET Q q 0 0 0 rg BT 268.50 165.65 Td (Russian ) Tj ET Q q 0 0 0 rg BT 295.79 165.65 Td (Studies. ) Tj ET Q q 0 0 0 rg BT 323.31 165.65 Td (He ) Tj ET Q q 0 0 0 rg BT 334.60 165.65 Td (received ) Tj ET Q q 0 0 0 rg BT 363.65 165.65 Td (a ) Tj ET Q q 0 0 0 rg BT 369.16 165.65 Td (J.D. ) Tj ET Q q 0 0 0 rg BT 384.01 165.65 Td (from ) Tj ET Q q 0 0 0 rg BT 401.52 165.65 Td (the ) Tj ET Q q 0 0 0 rg BT 413.25 165.65 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 446.76 165.65 Td (University ) Tj ET Q q 0 0 0 rg BT 482.50 165.65 Td (School ) Tj ET Q q 0 0 0 rg BT 506.68 165.65 Td (of ) Tj ET Q q 0 0 0 rg BT 515.30 165.65 Td (Law) Tj ET Q q 0 0 0 rg BT 529.00 165.65 Td (, ) Tj ET Q q 0 0 0 rg BT 532.95 165.65 Td (where ) Tj ET Q q 0 0 0 rg BT 554.46 165.65 Td (he ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 156.05 Td (served ) Tj ET Q q 0 0 0 rg BT 72.88 156.05 Td (as ) Tj ET Q q 0 0 0 rg BT 81.54 156.05 Td (Editor) Tj ET Q q 0 0 0 rg BT 101.38 156.05 Td (-in-Chief ) Tj ET Q q 0 0 0 rg BT 132.70 156.05 Td (of ) Tj ET Q q 0 0 0 rg BT 141.37 156.05 Td (the ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 153.14 156.05 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 186.70 156.05 Td (Law ) Tj ET Q q 0 0 0 rg BT 202.48 156.05 Td (Review) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.58 156.05 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 140.45 Td (David ) Tj ET Q q 0 0 0 rg BT 71.21 140.45 Td (Stur) Tj ET Q q 0 0 0 rg BT 84.25 140.45 Td (geon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 99.80 140.45 Td (, ) Tj ET Q q 0 0 0 rg BT 103.45 140.45 Td (44, ) Tj ET Q q 0 0 0 rg BT 115.11 140.45 Td (has ) Tj ET Q q 0 0 0 rg BT 127.43 140.45 Td (served ) Tj ET Q q 0 0 0 rg BT 149.96 140.45 Td (as ) Tj ET Q q 0 0 0 rg BT 158.28 140.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.71 140.45 Td (Company) Tj ET Q q 0 0 0 rg BT 203.04 140.45 Td (s ) Tj ET Q q 0 0 0 rg BT 207.81 140.45 Td (acting ) Tj ET Q q 0 0 0 rg BT 229.01 140.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 248.44 140.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 279.86 140.45 Td (Of) Tj ET Q q 0 0 0 rg BT 288.16 140.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 304.47 140.45 Td (since ) Tj ET Q q 0 0 0 rg BT 322.56 140.45 Td (October ) Tj ET Q q 0 0 0 rg BT 349.98 140.45 Td (29, ) Tj ET Q q 0 0 0 rg BT 361.64 140.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 381.29 140.45 Td (Prior ) Tj ET Q q 0 0 0 rg BT 398.95 140.45 Td (to ) Tj ET Q q 0 0 0 rg BT 406.83 140.45 Td (that, ) Tj ET Q q 0 0 0 rg BT 422.48 140.45 Td (he ) Tj ET Q q 0 0 0 rg BT 431.68 140.45 Td (was ) Tj ET Q q 0 0 0 rg BT 445.78 140.45 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 470.99 140.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 490.42 140.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 521.84 140.45 Td (Of) Tj ET Q q 0 0 0 rg BT 530.14 140.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 546.44 140.45 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 130.85 Td (July ) Tj ET Q q 0 0 0 rg BT 65.54 130.85 Td (2009. ) Tj ET Q q 0 0 0 rg BT 85.74 130.85 Td (He ) Tj ET Q q 0 0 0 rg BT 97.26 130.85 Td (oversees ) Tj ET Q q 0 0 0 rg BT 127.01 130.85 Td (all ) Tj ET Q q 0 0 0 rg BT 137.20 130.85 Td (of ) Tj ET Q q 0 0 0 rg BT 146.07 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 158.04 130.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 195.91 130.85 Td (finance, ) Tj ET Q q 0 0 0 rg BT 223.65 130.85 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 262.94 130.85 Td (business ) Tj ET Q q 0 0 0 rg BT 292.26 130.85 Td (systems, ) Tj ET Q q 0 0 0 rg BT 321.79 130.85 Td (internal ) Tj ET Q q 0 0 0 rg BT 348.43 130.85 Td (audit, ) Tj ET Q q 0 0 0 rg BT 368.62 130.85 Td (treasury ) Tj ET Q q 0 0 0 rg BT 396.59 130.85 Td (and ) Tj ET Q q 0 0 0 rg BT 410.34 130.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.31 130.85 Td (activities. ) Tj ET Q q 0 0 0 rg BT 455.39 130.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 464.73 130.85 Td (. ) Tj ET Q q 0 0 0 rg BT 468.93 130.85 Td (Stur) Tj ET Q q 0 0 0 rg BT 482.12 130.85 Td (geon ) Tj ET Q q 0 0 0 rg BT 499.87 130.85 Td (sits ) Tj ET Q q 0 0 0 rg BT 512.74 130.85 Td (on ) Tj ET Q q 0 0 0 rg BT 522.94 130.85 Td (the ) Tj ET Q q 0 0 0 rg BT 534.92 130.85 Td (board ) Tj ET Q q 0 0 0 rg BT 555.33 130.85 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 79.74 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.16 121.25 Td (our ) Tj ET Q q 0 0 0 rg BT 100.57 121.25 Td (main ) Tj ET Q q 0 0 0 rg BT 118.32 121.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 150.28 121.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 189.81 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.11 121.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 220.41 121.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.39 121.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 246.14 121.25 Td (also ) Tj ET Q q 0 0 0 rg BT 260.78 121.25 Td (served ) Tj ET Q q 0 0 0 rg BT 283.41 121.25 Td (as ) Tj ET Q q 0 0 0 rg BT 291.83 121.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 311.35 121.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 342.87 121.25 Td (Of) Tj ET Q q 0 0 0 rg BT 351.17 121.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 367.57 121.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.99 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.52 121.25 Td (Company) Tj ET Q q 0 0 0 rg BT 420.85 121.25 Td (s ) Tj ET Q q 0 0 0 rg BT 425.71 121.25 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 468.34 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.64 121.25 Td (new ) Tj ET Q q 0 0 0 rg BT 496.72 121.25 Td (media ) Tj ET Q q 0 0 0 rg BT 518.02 121.25 Td (divisions. ) Tj ET Q q 0 0 0 rg BT 550.67 121.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 560.00 121.25 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 111.65 Td (Stur) Tj ET Q q 0 0 0 rg BT 63.19 111.65 Td (geon ) Tj ET Q q 0 0 0 rg BT 80.67 111.65 Td (joined ) Tj ET Q q 0 0 0 rg BT 102.59 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 114.29 111.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.32 111.65 Td (as ) Tj ET Q q 0 0 0 rg BT 155.91 111.65 Td (Group ) Tj ET Q q 0 0 0 rg BT 178.28 111.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 209.97 111.65 Td (Controller ) Tj ET Q q 0 0 0 rg BT 244.78 111.65 Td (in ) Tj ET Q q 0 0 0 rg BT 252.92 111.65 Td (2005, ) Tj ET Q q 0 0 0 rg BT 272.85 111.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 290.33 111.65 Td (to ) Tj ET Q q 0 0 0 rg BT 298.47 111.65 Td (which ) Tj ET Q q 0 0 0 rg BT 319.95 111.65 Td (he ) Tj ET Q q 0 0 0 rg BT 329.42 111.65 Td (was ) Tj ET Q q 0 0 0 rg BT 343.79 111.65 Td (with ) Tj ET Q q 0 0 0 rg BT 359.94 111.65 Td (Equant ) Tj ET Q q 0 0 0 rg BT 384.52 111.65 Td (N.V) Tj ET Q q 0 0 0 rg BT 397.05 111.65 Td (., ) Tj ET Q q 0 0 0 rg BT 402.97 111.65 Td (from ) Tj ET Q q 0 0 0 rg BT 420.45 111.65 Td (2002. ) Tj ET Q q 0 0 0 rg BT 440.37 111.65 Td (From ) Tj ET Q q 0 0 0 rg BT 459.63 111.65 Td (1990 ) Tj ET Q q 0 0 0 rg BT 477.56 111.65 Td (to ) Tj ET Q q 0 0 0 rg BT 485.70 111.65 Td (2002, ) Tj ET Q q 0 0 0 rg BT 505.63 111.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 514.96 111.65 Td (. ) Tj ET Q q 0 0 0 rg BT 518.89 111.65 Td (Stur) Tj ET Q q 0 0 0 rg BT 532.08 111.65 Td (geon ) Tj ET Q q 0 0 0 rg BT 549.56 111.65 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 102.05 Td (a ) Tj ET Q q 0 0 0 rg BT 54.75 102.05 Td (member ) Tj ET Q q 0 0 0 rg BT 82.16 102.05 Td (of ) Tj ET Q q 0 0 0 rg BT 89.76 102.05 Td (Arthur ) Tj ET Q q 0 0 0 rg BT 112.03 102.05 Td (Andersen) Tj ET Q q 0 0 0 rg BT 144.90 102.05 Td (s ) Tj ET Q q 0 0 0 rg BT 149.13 102.05 Td (T) Tj ET Q q 0 0 0 rg BT 153.46 102.05 Td (echnology) Tj ET Q q 0 0 0 rg BT 186.26 102.05 Td (, ) Tj ET Q q 0 0 0 rg BT 189.46 102.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 211.10 102.05 Td (and ) Tj ET Q q 0 0 0 rg BT 223.85 102.05 Td (Communications ) Tj ET Q q 0 0 0 rg BT 279.72 102.05 Td (practice, ) Tj ET Q q 0 0 0 rg BT 308.23 102.05 Td (advising ) Tj ET Q q 0 0 0 rg BT 336.54 102.05 Td (clients ) Tj ET Q q 0 0 0 rg BT 358.62 102.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 389.59 102.05 Td (in ) Tj ET Q q 0 0 0 rg BT 397.01 102.05 Td (the ) Tj ET Q q 0 0 0 rg BT 407.99 102.05 Td (areas ) Tj ET Q q 0 0 0 rg BT 425.62 102.05 Td (of ) Tj ET Q q 0 0 0 rg BT 433.48 102.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.67 102.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 493.19 102.05 Td (and ) Tj ET Q q 0 0 0 rg BT 505.94 102.05 Td (control, ) Tj ET Q q 0 0 0 rg BT 531.80 102.05 Td (corporate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 92.45 Td (finance ) Tj ET Q q 0 0 0 rg BT 75.38 92.45 Td (and ) Tj ET Q q 0 0 0 rg BT 88.78 92.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 111.94 92.45 Td (markets ) Tj ET Q q 0 0 0 rg BT 139.11 92.45 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 181.16 92.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 190.50 92.45 Td (. ) Tj ET Q q 0 0 0 rg BT 194.34 92.45 Td (Stur) Tj ET Q q 0 0 0 rg BT 207.54 92.45 Td (geon ) Tj ET Q q 0 0 0 rg BT 224.93 92.45 Td (graduated ) Tj ET Q q 0 0 0 rg BT 258.31 92.45 Td (from ) Tj ET Q q 0 0 0 rg BT 275.71 92.45 Td (Oxford ) Tj ET Q q 0 0 0 rg BT 300.66 92.45 Td (University ) Tj ET Q q 0 0 0 rg BT 336.27 92.45 Td (with ) Tj ET Q q 0 0 0 rg BT 352.34 92.45 Td (an ) Tj ET Q q 0 0 0 rg BT 361.73 92.45 Td (M.A. ) Tj ET Q q 0 0 0 rg BT 380.47 92.45 Td (in ) Tj ET Q q 0 0 0 rg BT 388.54 92.45 Td (Philosophy) Tj ET Q q 0 0 0 rg BT 424.02 92.45 Td (, ) Tj ET Q q 0 0 0 rg BT 427.87 92.45 Td (Politics ) Tj ET Q q 0 0 0 rg BT 453.71 92.45 Td (and ) Tj ET Q q 0 0 0 rg BT 467.11 92.45 Td (Economics ) Tj ET Q q 0 0 0 rg BT 504.50 92.45 Td (and ) Tj ET Q q 0 0 0 rg BT 517.89 92.45 Td (is ) Tj ET Q q 0 0 0 rg BT 525.07 92.45 Td (a ) Tj ET Q q 0 0 0 rg BT 530.47 92.45 Td (Chartered ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 82.85 Td (Accountant.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 74.29 67.25 Td (Sarbu, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 97.47 67.25 Td (58, ) Tj ET Q q 0 0 0 rg BT 109.54 67.25 Td (served ) Tj ET Q q 0 0 0 rg BT 132.48 67.25 Td (as ) Tj ET Q q 0 0 0 rg BT 141.22 67.25 Td (President ) Tj ET Q q 0 0 0 rg BT 173.06 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.67 67.25 Td (CEO ) Tj ET Q q 0 0 0 rg BT 204.74 67.25 Td (from ) Tj ET Q q 0 0 0 rg BT 222.36 67.25 Td (July ) Tj ET Q q 0 0 0 rg BT 237.76 67.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 255.83 67.25 Td (until ) Tj ET Q q 0 0 0 rg BT 272.57 67.25 Td (his ) Tj ET Q q 0 0 0 rg BT 283.97 67.25 Td (resignation ) Tj ET Q q 0 0 0 rg BT 321.58 67.25 Td (on ) Tj ET Q q 0 0 0 rg BT 331.20 67.25 Td (August ) Tj ET Q q 0 0 0 rg BT 356.38 67.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 368.44 67.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 388.51 67.25 Td (He ) Tj ET Q q 0 0 0 rg BT 399.91 67.25 Td (also ) Tj ET Q q 0 0 0 rg BT 414.86 67.25 Td (served ) Tj ET Q q 0 0 0 rg BT 437.81 67.25 Td (as ) Tj ET Q q 0 0 0 rg BT 446.54 67.25 Td (a ) Tj ET Q q 0 0 0 rg BT 452.16 67.25 Td (member ) Tj ET Q q 0 0 0 rg BT 480.43 67.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.17 67.25 Td (our ) Tj ET Q q 0 0 0 rg BT 501.90 67.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 523.52 67.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.25 67.25 Td (Directors ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 57.65 Td (from ) Tj ET Q q 0 0 0 rg BT 67.55 57.65 Td (December ) Tj ET Q q 0 0 0 rg BT 102.42 57.65 Td (2009 ) Tj ET Q q 0 0 0 rg BT 120.42 57.65 Td (until ) Tj ET Q q 0 0 0 rg BT 136.64 57.65 Td (August ) Tj ET Q q 0 0 0 rg BT 161.76 57.65 Td (21, ) Tj ET Q q 0 0 0 rg BT 173.76 57.65 Td (2013. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (95) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (David ) Tj ET Q q 0 0 0 rg BT 71.55 743.45 Td (Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 87.10 743.45 Td (, ) Tj ET Q q 0 0 0 rg BT 91.10 743.45 Td (52, ) Tj ET Q q 0 0 0 rg BT 103.10 743.45 Td (served ) Tj ET Q q 0 0 0 rg BT 125.98 743.45 Td (as ) Tj ET Q q 0 0 0 rg BT 134.64 743.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 154.42 743.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 186.19 743.45 Td (Of) Tj ET Q q 0 0 0 rg BT 194.48 743.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 211.14 743.45 Td (from ) Tj ET Q q 0 0 0 rg BT 228.69 743.45 Td (March ) Tj ET Q q 0 0 0 rg BT 251.57 743.45 Td (2010 ) Tj ET Q q 0 0 0 rg BT 269.57 743.45 Td (until ) Tj ET Q q 0 0 0 rg BT 286.23 743.45 Td (his ) Tj ET Q q 0 0 0 rg BT 297.57 743.45 Td (separation ) Tj ET Q q 0 0 0 rg BT 332.45 743.45 Td (on ) Tj ET Q q 0 0 0 rg BT 342.45 743.45 Td (October ) Tj ET Q q 0 0 0 rg BT 370.21 743.45 Td (29, ) Tj ET Q q 0 0 0 rg BT 382.21 743.45 Td (2013.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (Anthony ) Tj ET Q q 0 0 0 rg BT 78.47 727.85 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 98.92 727.85 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 102.73 727.85 Td (36,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 112.73 727.85 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 114.54 727.85 Td (served ) Tj ET Q q 0 0 0 rg BT 137.23 727.85 Td (as ) Tj ET Q q 0 0 0 rg BT 145.70 727.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 179.37 727.85 Td (V) Tj ET Q q 0 0 0 rg BT 184.66 727.85 Td (ice ) Tj ET Q q 0 0 0 rg BT 195.80 727.85 Td (President ) Tj ET Q q 0 0 0 rg BT 227.38 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 240.74 727.85 Td (Head ) Tj ET Q q 0 0 0 rg BT 259.43 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 267.91 727.85 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 298.15 727.85 Td (Planning ) Tj ET Q q 0 0 0 rg BT 328.41 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 341.77 727.85 Td (Operations ) Tj ET Q q 0 0 0 rg BT 378.68 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 387.15 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 398.74 727.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.66 727.85 Td (from ) Tj ET Q q 0 0 0 rg BT 449.02 727.85 Td (December ) Tj ET Q q 0 0 0 rg BT 483.70 727.85 Td (2010 ) Tj ET Q q 0 0 0 rg BT 501.51 727.85 Td (until ) Tj ET Q q 0 0 0 rg BT 517.99 727.85 Td (his ) Tj ET Q q 0 0 0 rg BT 529.13 727.85 Td (separation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 60.00 718.25 Td (November ) Tj ET Q q 0 0 0 rg BT 95.77 718.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 107.77 718.25 Td (2013.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 699.65 Td (Section ) Tj ET Q q 0 0 0 rg BT 76.89 699.65 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 96.21 699.65 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 131.98 699.65 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 171.77 699.65 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 208.43 699.65 Td (Compliance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 684.05 Td (Section ) Tj ET Q q 0 0 0 rg BT 75.35 684.05 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 93.57 684.05 Td (of ) Tj ET Q q 0 0 0 rg BT 101.59 684.05 Td (the ) Tj ET Q q 0 0 0 rg BT 112.71 684.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 145.61 684.05 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 178.20 684.05 Td (Act ) Tj ET Q q 0 0 0 rg BT 191.10 684.05 Td (of ) Tj ET Q q 0 0 0 rg BT 199.11 684.05 Td (1934, ) Tj ET Q q 0 0 0 rg BT 218.46 684.05 Td (as ) Tj ET Q q 0 0 0 rg BT 226.48 684.05 Td (amended, ) Tj ET Q q 0 0 0 rg BT 258.70 684.05 Td (requires ) Tj ET Q q 0 0 0 rg BT 285.82 684.05 Td (our ) Tj ET Q q 0 0 0 rg BT 297.83 684.05 Td (of) Tj ET Q q 0 0 0 rg BT 304.35 684.05 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 325.46 684.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 354.80 684.05 Td (and ) Tj ET Q q 0 0 0 rg BT 367.70 684.05 Td (persons ) Tj ET Q q 0 0 0 rg BT 393.49 684.05 Td (who ) Tj ET Q q 0 0 0 rg BT 408.62 684.05 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 447.73 684.05 Td (own ) Tj ET Q q 0 0 0 rg BT 462.85 684.05 Td (greater ) Tj ET Q q 0 0 0 rg BT 486.41 684.05 Td (than ) Tj ET Q q 0 0 0 rg BT 501.53 684.05 Td (10% ) Tj ET Q q 0 0 0 rg BT 517.54 684.05 Td (of ) Tj ET Q q 0 0 0 rg BT 525.56 684.05 Td (a ) Tj ET Q q 0 0 0 rg BT 530.46 684.05 Td (registered ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 674.45 Td (class ) Tj ET Q q 0 0 0 rg BT 67.97 674.45 Td (of ) Tj ET Q q 0 0 0 rg BT 77.04 674.45 Td (our ) Tj ET Q q 0 0 0 rg BT 90.12 674.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 112.54 674.45 Td (securities ) Tj ET Q q 0 0 0 rg BT 145.16 674.45 Td (to ) Tj ET Q q 0 0 0 rg BT 153.80 674.45 Td (file ) Tj ET Q q 0 0 0 rg BT 166.87 674.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 191.05 674.45 Td (reports ) Tj ET Q q 0 0 0 rg BT 215.68 674.45 Td (\(Section ) Tj ET Q q 0 0 0 rg BT 248.31 674.45 Td (16 ) Tj ET Q q 0 0 0 rg BT 258.72 674.45 Td (Reports\) ) Tj ET Q q 0 0 0 rg BT 292.24 674.45 Td (with ) Tj ET Q q 0 0 0 rg BT 308.88 674.45 Td (the ) Tj ET Q q 0 0 0 rg BT 321.06 674.45 Td (SEC ) Tj ET Q q 0 0 0 rg BT 338.15 674.45 Td (with ) Tj ET Q q 0 0 0 rg BT 354.79 674.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 379.86 674.45 Td (to ) Tj ET Q q 0 0 0 rg BT 388.49 674.45 Td (ownership ) Tj ET Q q 0 0 0 rg BT 424.24 674.45 Td (and ) Tj ET Q q 0 0 0 rg BT 438.20 674.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 466.38 674.45 Td (in ) Tj ET Q q 0 0 0 rg BT 475.02 674.45 Td (ownership ) Tj ET Q q 0 0 0 rg BT 510.76 674.45 Td (of ) Tj ET Q q 0 0 0 rg BT 519.84 674.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 542.25 674.45 Td (of ) Tj ET Q q 0 0 0 rg BT 551.33 674.45 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 664.85 Td (common ) Tj ET Q q 0 0 0 rg BT 79.73 664.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 98.36 664.85 Td (and ) Tj ET Q q 0 0 0 rg BT 111.65 664.85 Td (other ) Tj ET Q q 0 0 0 rg BT 129.82 664.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 151.55 664.85 Td (securities. ) Tj ET Q q 0 0 0 rg BT 185.50 664.85 Td (Based ) Tj ET Q q 0 0 0 rg BT 206.79 664.85 Td (solely ) Tj ET Q q 0 0 0 rg BT 227.64 664.85 Td (on ) Tj ET Q q 0 0 0 rg BT 237.37 664.85 Td (our ) Tj ET Q q 0 0 0 rg BT 249.78 664.85 Td (review ) Tj ET Q q 0 0 0 rg BT 273.28 664.85 Td (of ) Tj ET Q q 0 0 0 rg BT 281.68 664.85 Td (the ) Tj ET Q q 0 0 0 rg BT 293.19 664.85 Td (Section ) Tj ET Q q 0 0 0 rg BT 318.92 664.85 Td (16 ) Tj ET Q q 0 0 0 rg BT 328.66 664.85 Td (Reports ) Tj ET Q q 0 0 0 rg BT 355.29 664.85 Td (furnished ) Tj ET Q q 0 0 0 rg BT 387.24 664.85 Td (to ) Tj ET Q q 0 0 0 rg BT 395.20 664.85 Td (us ) Tj ET Q q 0 0 0 rg BT 404.05 664.85 Td (and ) Tj ET Q q 0 0 0 rg BT 417.34 664.85 Td (written ) Tj ET Q q 0 0 0 rg BT 441.73 664.85 Td (representations ) Tj ET Q q 0 0 0 rg BT 491.90 664.85 Td (from ) Tj ET Q q 0 0 0 rg BT 509.18 664.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 532.68 664.85 Td (reporting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (persons, ) Tj ET Q q 0 0 0 rg BT 78.86 655.25 Td (we ) Tj ET Q q 0 0 0 rg BT 90.61 655.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 116.13 655.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 132.54 655.25 Td (during ) Tj ET Q q 0 0 0 rg BT 155.85 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.04 655.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 187.79 655.25 Td (year ) Tj ET Q q 0 0 0 rg BT 203.97 655.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 225.49 655.25 Td (December ) Tj ET Q q 0 0 0 rg BT 260.78 655.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 273.20 655.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 293.62 655.25 Td (all ) Tj ET Q q 0 0 0 rg BT 304.04 655.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 323.79 655.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 367.97 655.25 Td (under ) Tj ET Q q 0 0 0 rg BT 388.61 655.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 415.02 655.25 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 434.32 655.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 469.61 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.25 655.25 Td (our ) Tj ET Q q 0 0 0 rg BT 491.34 655.25 Td (of) Tj ET Q q 0 0 0 rg BT 497.86 655.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 520.04 655.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 550.45 655.25 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 645.65 Td (greater ) Tj ET Q q 0 0 0 rg BT 74.78 645.65 Td (than ) Tj ET Q q 0 0 0 rg BT 91.13 645.65 Td (10% ) Tj ET Q q 0 0 0 rg BT 108.37 645.65 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 142.48 645.65 Td (owners ) Tj ET Q q 0 0 0 rg BT 168.17 645.65 Td (were ) Tj ET Q q 0 0 0 rg BT 186.29 645.65 Td (complied ) Tj ET Q q 0 0 0 rg BT 218.63 645.65 Td (with ) Tj ET Q q 0 0 0 rg BT 235.43 645.65 Td (on ) Tj ET Q q 0 0 0 rg BT 246.01 645.65 Td (a ) Tj ET Q q 0 0 0 rg BT 252.14 645.65 Td (timely ) Tj ET Q q 0 0 0 rg BT 275.16 645.65 Td (basis, ) Tj ET Q q 0 0 0 rg BT 295.73 645.65 Td (except ) Tj ET Q q 0 0 0 rg BT 319.19 645.65 Td (that ) Tj ET Q q 0 0 0 rg BT 333.76 645.65 Td (Fred ) Tj ET Q q 0 0 0 rg BT 351.00 645.65 Td (Langhammer ) Tj ET Q q 0 0 0 rg BT 396.23 645.65 Td (did ) Tj ET Q q 0 0 0 rg BT 409.03 645.65 Td (not ) Tj ET Q q 0 0 0 rg BT 421.83 645.65 Td (file ) Tj ET Q q 0 0 0 rg BT 435.06 645.65 Td (until ) Tj ET Q q 0 0 0 rg BT 452.31 645.65 Td (November1,2013 ) Tj ET Q q 0 0 0 rg BT 514.65 645.65 Td (a ) Tj ET Q q 0 0 0 rg BT 520.78 645.65 Td (Statement ) Tj ET Q q 0 0 0 rg BT 555.35 645.65 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 636.05 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 84.87 636.05 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 121.98 636.05 Td (on ) Tj ET Q q 0 0 0 rg BT 131.98 636.05 Td (Form ) Tj ET Q q 0 0 0 rg BT 151.31 636.05 Td (4 ) Tj ET Q q 0 0 0 rg BT 157.31 636.05 Td (with ) Tj ET Q q 0 0 0 rg BT 173.54 636.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 198.19 636.05 Td (to ) Tj ET Q q 0 0 0 rg BT 206.41 636.05 Td (a ) Tj ET Q q 0 0 0 rg BT 211.96 636.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 242.39 636.05 Td (on ) Tj ET Q q 0 0 0 rg BT 252.39 636.05 Td (May ) Tj ET Q q 0 0 0 rg BT 269.05 636.05 Td (3, ) Tj ET Q q 0 0 0 rg BT 277.05 636.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 295.05 636.05 Td (of ) Tj ET Q q 0 0 0 rg BT 303.72 636.05 Td (shares ) Tj ET Q q 0 0 0 rg BT 325.71 636.05 Td (of ) Tj ET Q q 0 0 0 rg BT 334.38 636.05 Td (our ) Tj ET Q q 0 0 0 rg BT 347.04 636.05 Td (Class ) Tj ET Q q 0 0 0 rg BT 365.93 636.05 Td (A) Tj ET Q q 0 0 0 rg BT 371.27 636.05 Td ( ) Tj ET Q q 0 0 0 rg BT 373.27 636.05 Td (Common ) Tj ET Q q 0 0 0 rg BT 405.05 636.05 Td (Stock.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 602.45 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 602.45 Td (1) Tj ET Q q 0 0 0 rg BT 76.89 602.45 Td (1. ) Tj ET Q q 0 0 0 rg BT 95.00 602.45 Td (EXECUTIVE ) Tj ET Q q 0 0 0 rg BT 144.57 602.45 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 189.75 602.45 Td (TION) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 217.60 583.85 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 262.78 583.85 Td (TION DISCUSSION ) Tj ET Q q 0 0 0 rg BT 335.70 583.85 Td (AND ) Tj ET Q q 0 0 0 rg BT 354.59 583.85 Td (ANAL) Tj ET Q q 0 0 0 rg BT 376.52 583.85 Td (YSIS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (Philosophy ) Tj ET Q q 0 0 0 rg BT 89.79 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.69 565.25 Td (Objectives ) Tj ET Q q 0 0 0 rg BT 142.68 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.34 565.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 202.68 565.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 210.98 565.25 Td (ograms ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 549.65 Td (General ) Tj ET Q q 0 0 0 rg BT 78.21 549.65 Td (Philosophy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 534.05 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 534.05 Td (e ) Tj ET Q q 0 0 0 rg BT 62.46 534.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 87.56 534.05 Td (the ) Tj ET Q q 0 0 0 rg BT 99.33 534.05 Td (total ) Tj ET Q q 0 0 0 rg BT 115.55 534.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 161.98 534.05 Td (of ) Tj ET Q q 0 0 0 rg BT 170.65 534.05 Td (our ) Tj ET Q q 0 0 0 rg BT 183.31 534.05 Td (executive ) Tj ET Q q 0 0 0 rg BT 215.96 534.05 Td (of) Tj ET Q q 0 0 0 rg BT 222.48 534.05 Td (ficers ) Tj ET Q q 0 0 0 rg BT 242.25 534.05 Td (should ) Tj ET Q q 0 0 0 rg BT 265.58 534.05 Td (support ) Tj ET Q q 0 0 0 rg BT 291.58 534.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.36 534.05 Td (following ) Tj ET Q q 0 0 0 rg BT 336.46 534.05 Td (objectives:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 521.45 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 521.45 Td (Attract ) Tj ET Q q 0 0 0 rg BT 111.05 521.45 Td (and ) Tj ET Q q 0 0 0 rg BT 125.45 521.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 146.50 521.45 Td (executives ) Tj ET Q q 0 0 0 rg BT 183.11 521.45 Td (with ) Tj ET Q q 0 0 0 rg BT 200.17 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 212.79 521.45 Td (experience ) Tj ET Q q 0 0 0 rg BT 250.27 521.45 Td (and ) Tj ET Q q 0 0 0 rg BT 264.66 521.45 Td (expertise ) Tj ET Q q 0 0 0 rg BT 296.38 521.45 Td (to ) Tj ET Q q 0 0 0 rg BT 305.45 521.45 Td (drive ) Tj ET Q q 0 0 0 rg BT 324.73 521.45 Td (us ) Tj ET Q q 0 0 0 rg BT 334.68 521.45 Td (to ) Tj ET Q q 0 0 0 rg BT 343.75 521.45 Td (achieve ) Tj ET Q q 0 0 0 rg BT 371.02 521.45 Td (our ) Tj ET Q q 0 0 0 rg BT 384.52 521.45 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 421.60 521.45 Td (This ) Tj ET Q q 0 0 0 rg BT 438.66 521.45 Td (means ) Tj ET Q q 0 0 0 rg BT 461.94 521.45 Td (that ) Tj ET Q q 0 0 0 rg BT 476.78 521.45 Td (we ) Tj ET Q q 0 0 0 rg BT 488.95 521.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 516.23 521.45 Td (significant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 511.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 132.43 511.85 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 176.65 511.85 Td (to ) Tj ET Q q 0 0 0 rg BT 184.88 511.85 Td (executives ) Tj ET Q q 0 0 0 rg BT 220.64 511.85 Td (who ) Tj ET Q q 0 0 0 rg BT 236.41 511.85 Td (are ) Tj ET Q q 0 0 0 rg BT 248.18 511.85 Td (able ) Tj ET Q q 0 0 0 rg BT 263.50 511.85 Td (to ) Tj ET Q q 0 0 0 rg BT 271.73 511.85 Td (deliver ) Tj ET Q q 0 0 0 rg BT 295.94 511.85 Td (competitive ) Tj ET Q q 0 0 0 rg BT 335.70 511.85 Td (results.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 499.25 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 499.25 Td (Create ) Tj ET Q q 0 0 0 rg BT 109.06 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.79 499.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 129.42 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.27 499.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 173.78 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.52 499.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 221.25 499.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 267.87 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.27 499.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 302.88 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 308.62 499.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 335.23 499.25 Td (between ) Tj ET Q q 0 0 0 rg BT 364.07 499.25 Td (current ) Tj ET Q q 0 0 0 rg BT 388.90 499.25 Td (income ) Tj ET Q q 0 0 0 rg BT 414.64 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.37 499.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 462.10 499.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 493.61 499.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 538.01 499.25 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 489.65 Td (promote ) Tj ET Q q 0 0 0 rg BT 114.70 489.65 Td (attention ) Tj ET Q q 0 0 0 rg BT 144.74 489.65 Td (to ) Tj ET Q q 0 0 0 rg BT 153.00 489.65 Td (both ) Tj ET Q q 0 0 0 rg BT 169.27 489.65 Td (annual ) Tj ET Q q 0 0 0 rg BT 192.63 489.65 Td (and ) Tj ET Q q 0 0 0 rg BT 206.22 489.65 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 241.59 489.65 Td (business ) Tj ET Q q 0 0 0 rg BT 270.74 489.65 Td (objectives ) Tj ET Q q 0 0 0 rg BT 305.22 489.65 Td (without ) Tj ET Q q 0 0 0 rg BT 331.71 489.65 Td (encouraging ) Tj ET Q q 0 0 0 rg BT 373.29 489.65 Td (unnecessary ) Tj ET Q q 0 0 0 rg BT 414.42 489.65 Td (or ) Tj ET Q q 0 0 0 rg BT 423.13 489.65 Td (excessive ) Tj ET Q q 0 0 0 rg BT 455.82 489.65 Td (risk-taking. ) Tj ET Q q 0 0 0 rg BT 494.38 489.65 Td (The ) Tj ET Q q 0 0 0 rg BT 508.86 489.65 Td (mix ) Tj ET Q q 0 0 0 rg BT 523.34 489.65 Td (between ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 480.05 Td (short-term ) Tj ET Q q 0 0 0 rg BT 121.49 480.05 Td (and ) Tj ET Q q 0 0 0 rg BT 135.21 480.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 168.93 480.05 Td (is ) Tj ET Q q 0 0 0 rg BT 176.43 480.05 Td (also ) Tj ET Q q 0 0 0 rg BT 191.48 480.05 Td (designed ) Tj ET Q q 0 0 0 rg BT 222.09 480.05 Td (to ) Tj ET Q q 0 0 0 rg BT 230.48 480.05 Td (reflect ) Tj ET Q q 0 0 0 rg BT 253.07 480.05 Td (the ) Tj ET Q q 0 0 0 rg BT 265.02 480.05 Td (roles ) Tj ET Q q 0 0 0 rg BT 282.73 480.05 Td (and ) Tj ET Q q 0 0 0 rg BT 296.45 480.05 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 347.06 480.05 Td (of ) Tj ET Q q 0 0 0 rg BT 355.89 480.05 Td (individual ) Tj ET Q q 0 0 0 rg BT 390.50 480.05 Td (employees ) Tj ET Q q 0 0 0 rg BT 426.88 480.05 Td (and ) Tj ET Q q 0 0 0 rg BT 440.60 480.05 Td (to ) Tj ET Q q 0 0 0 rg BT 448.99 480.05 Td (have ) Tj ET Q q 0 0 0 rg BT 466.26 480.05 Td (a ) Tj ET Q q 0 0 0 rg BT 471.98 480.05 Td (higher ) Tj ET Q q 0 0 0 rg BT 494.59 480.05 Td (percentage ) Tj ET Q q 0 0 0 rg BT 531.39 480.05 Td (of ) Tj ET Q q 0 0 0 rg BT 540.23 480.05 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 470.45 Td (total ) Tj ET Q q 0 0 0 rg BT 102.22 470.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 132.21 470.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 178.64 470.45 Td (of ) Tj ET Q q 0 0 0 rg BT 187.31 470.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 208.86 470.45 Td (executives ) Tj ET Q q 0 0 0 rg BT 244.62 470.45 Td (tied ) Tj ET Q q 0 0 0 rg BT 258.62 470.45 Td (to ) Tj ET Q q 0 0 0 rg BT 266.84 470.45 Td (variable ) Tj ET Q q 0 0 0 rg BT 294.60 470.45 Td (\(versus ) Tj ET Q q 0 0 0 rg BT 319.71 470.45 Td (fixed\) ) Tj ET Q q 0 0 0 rg BT 340.81 470.45 Td (pay ) Tj ET Q q 0 0 0 rg BT 354.36 470.45 Td (than ) Tj ET Q q 0 0 0 rg BT 370.13 470.45 Td (other ) Tj ET Q q 0 0 0 rg BT 388.57 470.45 Td (employees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 457.85 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 457.85 Td (Reward ) Tj ET Q q 0 0 0 rg BT 112.47 457.85 Td (executives ) Tj ET Q q 0 0 0 rg BT 147.83 457.85 Td (for ) Tj ET Q q 0 0 0 rg BT 158.75 457.85 Td (creating ) Tj ET Q q 0 0 0 rg BT 186.11 457.85 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 225.02 457.85 Td (value. ) Tj ET Q q 0 0 0 rg BT 245.82 457.85 Td (This ) Tj ET Q q 0 0 0 rg BT 261.64 457.85 Td (means ) Tj ET Q q 0 0 0 rg BT 283.67 457.85 Td (that ) Tj ET Q q 0 0 0 rg BT 297.26 457.85 Td (our ) Tj ET Q q 0 0 0 rg BT 309.52 457.85 Td (long-term ) Tj ET Q q 0 0 0 rg BT 342.67 457.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 373.58 457.85 Td (programs ) Tj ET Q q 0 0 0 rg BT 405.39 457.85 Td (are ) Tj ET Q q 0 0 0 rg BT 416.75 457.85 Td (equity-based ) Tj ET Q q 0 0 0 rg BT 459.22 457.85 Td (and ) Tj ET Q q 0 0 0 rg BT 472.37 457.85 Td (are ) Tj ET Q q 0 0 0 rg BT 483.73 457.85 Td (intended ) Tj ET Q q 0 0 0 rg BT 512.87 457.85 Td (to ) Tj ET Q q 0 0 0 rg BT 520.68 457.85 Td (represent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.55 448.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 127.32 448.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 163.96 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.63 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.40 448.25 Td (total ) Tj ET Q q 0 0 0 rg BT 200.62 448.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 247.05 448.25 Td (that ) Tj ET Q q 0 0 0 rg BT 261.05 448.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 282.60 448.25 Td (executives ) Tj ET Q q 0 0 0 rg BT 318.36 448.25 Td (may ) Tj ET Q q 0 0 0 rg BT 334.13 448.25 Td (earn.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 435.65 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 435.65 Td (Create ) Tj ET Q q 0 0 0 rg BT 108.39 435.65 Td (a ) Tj ET Q q 0 0 0 rg BT 113.46 435.65 Td (strong ) Tj ET Q q 0 0 0 rg BT 134.97 435.65 Td (culture ) Tj ET Q q 0 0 0 rg BT 158.70 435.65 Td (that ) Tj ET Q q 0 0 0 rg BT 172.21 435.65 Td (rewards ) Tj ET Q q 0 0 0 rg BT 199.05 435.65 Td (results. ) Tj ET Q q 0 0 0 rg BT 223.34 435.65 Td (This ) Tj ET Q q 0 0 0 rg BT 239.08 435.65 Td (means ) Tj ET Q q 0 0 0 rg BT 261.03 435.65 Td (that ) Tj ET Q q 0 0 0 rg BT 274.54 435.65 Td (incentive ) Tj ET Q q 0 0 0 rg BT 305.38 435.65 Td (plans ) Tj ET Q q 0 0 0 rg BT 323.78 435.65 Td (reward ) Tj ET Q q 0 0 0 rg BT 347.50 435.65 Td (the ) Tj ET Q q 0 0 0 rg BT 358.79 435.65 Td (achievement ) Tj ET Q q 0 0 0 rg BT 400.73 435.65 Td (of ) Tj ET Q q 0 0 0 rg BT 408.91 435.65 Td (specific ) Tj ET Q q 0 0 0 rg BT 435.30 435.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 464.80 435.65 Td (and ) Tj ET Q q 0 0 0 rg BT 477.87 435.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.59 435.65 Td (performance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 426.05 Td (goals ) Tj ET Q q 0 0 0 rg BT 104.89 426.05 Td (of ) Tj ET Q q 0 0 0 rg BT 113.55 426.05 Td (the ) Tj ET Q q 0 0 0 rg BT 125.32 426.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.43 426.05 Td (and ) Tj ET Q q 0 0 0 rg BT 171.98 426.05 Td (individual ) Tj ET Q q 0 0 0 rg BT 206.43 426.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 248.84 426.05 Td (through ) Tj ET Q q 0 0 0 rg BT 275.73 426.05 Td (the ) Tj ET Q q 0 0 0 rg BT 287.50 426.05 Td (use ) Tj ET Q q 0 0 0 rg BT 300.17 426.05 Td (of ) Tj ET Q q 0 0 0 rg BT 308.83 426.05 Td (specific ) Tj ET Q q 0 0 0 rg BT 335.71 426.05 Td (personal ) Tj ET Q q 0 0 0 rg BT 364.81 426.05 Td (goals ) Tj ET Q q 0 0 0 rg BT 383.70 426.05 Td (and ) Tj ET Q q 0 0 0 rg BT 397.25 426.05 Td (objectives.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 413.45 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 413.45 Td (Ensure ) Tj ET Q q 0 0 0 rg BT 110.53 413.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 157.27 413.45 Td (is ) Tj ET Q q 0 0 0 rg BT 164.92 413.45 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 203.66 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 212.20 413.45 Td (light ) Tj ET Q q 0 0 0 rg BT 229.18 413.45 Td (of ) Tj ET Q q 0 0 0 rg BT 238.15 413.45 Td (our ) Tj ET Q q 0 0 0 rg BT 251.13 413.45 Td (profile, ) Tj ET Q q 0 0 0 rg BT 276.77 413.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 304.40 413.45 Td (and ) Tj ET Q q 0 0 0 rg BT 318.27 413.45 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 355.67 413.45 Td (performance. ) Tj ET Q q 0 0 0 rg BT 400.24 413.45 Td (This ) Tj ET Q q 0 0 0 rg BT 416.77 413.45 Td (means ) Tj ET Q q 0 0 0 rg BT 439.52 413.45 Td (that ) Tj ET Q q 0 0 0 rg BT 453.83 413.45 Td (the ) Tj ET Q q 0 0 0 rg BT 465.92 413.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 514.45 413.45 Td (Committee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 403.85 Td (places ) Tj ET Q q 0 0 0 rg BT 107.99 403.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 143.76 403.85 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 175.53 403.85 Td (on ) Tj ET Q q 0 0 0 rg BT 185.53 403.85 Td (our ) Tj ET Q q 0 0 0 rg BT 198.20 403.85 Td (specific ) Tj ET Q q 0 0 0 rg BT 225.07 403.85 Td (strategy ) Tj ET Q q 0 0 0 rg BT 252.39 403.85 Td (and ) Tj ET Q q 0 0 0 rg BT 265.95 403.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 308.36 403.85 Td (in ) Tj ET Q q 0 0 0 rg BT 316.59 403.85 Td (the ) Tj ET Q q 0 0 0 rg BT 328.36 403.85 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 356.57 403.85 Td (determination ) Tj ET Q q 0 0 0 rg BT 403.00 403.85 Td (of ) Tj ET Q q 0 0 0 rg BT 411.67 403.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 458.10 403.85 Td (decisions.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 101.34 385.25 Td (Design ) Tj ET Q q 0 0 0 rg BT 126.45 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.35 385.25 Td (Elements ) Tj ET Q q 0 0 0 rg BT 174.90 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.57 385.25 Td (Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.98 369.65 Td (executive ) Tj ET Q q 0 0 0 rg BT 98.17 369.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 145.15 369.65 Td (program, ) Tj ET Q q 0 0 0 rg BT 176.79 369.65 Td (covering ) Tj ET Q q 0 0 0 rg BT 207.32 369.65 Td (Named ) Tj ET Q q 0 0 0 rg BT 232.97 369.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 267.49 369.65 Td (Of) Tj ET Q q 0 0 0 rg BT 275.79 369.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 296.10 369.65 Td (and ) Tj ET Q q 0 0 0 rg BT 310.19 369.65 Td (other ) Tj ET Q q 0 0 0 rg BT 329.17 369.65 Td (members ) Tj ET Q q 0 0 0 rg BT 361.04 369.65 Td (of ) Tj ET Q q 0 0 0 rg BT 370.24 369.65 Td (senior ) Tj ET Q q 0 0 0 rg BT 392.33 369.65 Td (management, ) Tj ET Q q 0 0 0 rg BT 437.75 369.65 Td (consists ) Tj ET Q q 0 0 0 rg BT 465.63 369.65 Td (of ) Tj ET Q q 0 0 0 rg BT 474.83 369.65 Td (the ) Tj ET Q q 0 0 0 rg BT 487.15 369.65 Td (components ) Tj ET Q q 0 0 0 rg BT 528.35 369.65 Td (set ) Tj ET Q q 0 0 0 rg BT 539.78 369.65 Td (out ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 360.05 Td (below) Tj ET Q q 0 0 0 rg BT 69.03 360.05 Td (. ) Tj ET Q q 0 0 0 rg BT 73.18 360.05 Td (In ) Tj ET Q q 0 0 0 rg BT 81.99 360.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 102.13 360.05 Td (our ) Tj ET Q q 0 0 0 rg BT 114.95 360.05 Td (Named ) Tj ET Q q 0 0 0 rg BT 140.19 360.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 174.32 360.05 Td (Of) Tj ET Q q 0 0 0 rg BT 182.62 360.05 Td (ficers ) Tj ET Q q 0 0 0 rg BT 202.53 360.05 Td (were ) Tj ET Q q 0 0 0 rg BT 220.22 360.05 Td (the ) Tj ET Q q 0 0 0 rg BT 232.14 360.05 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 262.28 360.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 296.41 360.05 Td (Of) Tj ET Q q 0 0 0 rg BT 304.71 360.05 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 326.62 360.05 Td (the ) Tj ET Q q 0 0 0 rg BT 338.54 360.05 Td (acting ) Tj ET Q q 0 0 0 rg BT 360.23 360.05 Td (Chief ) Tj ET Q q 0 0 0 rg BT 380.15 360.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 412.07 360.05 Td (Of) Tj ET Q q 0 0 0 rg BT 420.36 360.05 Td (ficer ) Tj ET Q q 0 0 0 rg BT 437.16 360.05 Td (and ) Tj ET Q q 0 0 0 rg BT 450.86 360.05 Td (the ) Tj ET Q q 0 0 0 rg BT 462.78 360.05 Td (General ) Tj ET Q q 0 0 0 rg BT 490.24 360.05 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 518.61 360.05 Td (as ) Tj ET Q q 0 0 0 rg BT 527.42 360.05 Td (well ) Tj ET Q q 0 0 0 rg BT 543.34 360.05 Td (as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 350.45 Td (the ) Tj ET Q q 0 0 0 rg BT 62.42 350.45 Td (former ) Tj ET Q q 0 0 0 rg BT 86.83 350.45 Td (President ) Tj ET Q q 0 0 0 rg BT 119.25 350.45 Td (and ) Tj ET Q q 0 0 0 rg BT 133.45 350.45 Td (CEO ) Tj ET Q q 0 0 0 rg BT 152.09 350.45 Td (\(whose ) Tj ET Q q 0 0 0 rg BT 177.84 350.45 Td (service ) Tj ET Q q 0 0 0 rg BT 203.14 350.45 Td (as ) Tj ET Q q 0 0 0 rg BT 212.45 350.45 Td (President ) Tj ET Q q 0 0 0 rg BT 244.87 350.45 Td (and ) Tj ET Q q 0 0 0 rg BT 259.06 350.45 Td (CEO ) Tj ET Q q 0 0 0 rg BT 277.71 350.45 Td (terminated ) Tj ET Q q 0 0 0 rg BT 314.56 350.45 Td (on ) Tj ET Q q 0 0 0 rg BT 324.62 350.45 Td (August ) Tj ET Q q 0 0 0 rg BT 350.38 350.45 Td (21, ) Tj ET Q q 0 0 0 rg BT 363.03 350.45 Td (2013\), ) Tj ET Q q 0 0 0 rg BT 386.34 350.45 Td (the ) Tj ET Q q 0 0 0 rg BT 398.76 350.45 Td (former ) Tj ET Q q 0 0 0 rg BT 423.17 350.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 443.59 350.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 476.00 350.45 Td (Of) Tj ET Q q 0 0 0 rg BT 484.30 350.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 501.60 350.45 Td (\(whose ) Tj ET Q q 0 0 0 rg BT 527.35 350.45 Td (service ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 86.21 340.85 Td (on ) Tj ET Q q 0 0 0 rg BT 96.21 340.85 Td (October ) Tj ET Q q 0 0 0 rg BT 123.97 340.85 Td (29, ) Tj ET Q q 0 0 0 rg BT 135.97 340.85 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 156.64 340.85 Td (and ) Tj ET Q q 0 0 0 rg BT 170.19 340.85 Td (the ) Tj ET Q q 0 0 0 rg BT 181.96 340.85 Td (former ) Tj ET Q q 0 0 0 rg BT 205.73 340.85 Td (EVP) Tj ET Q q 0 0 0 rg BT 220.54 340.85 Td ( ) Tj ET Q q 0 0 0 rg BT 222.54 340.85 Td (- ) Tj ET Q q 0 0 0 rg BT 227.21 340.85 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 257.64 340.85 Td (Planning ) Tj ET Q q 0 0 0 rg BT 288.09 340.85 Td (and ) Tj ET Q q 0 0 0 rg BT 301.64 340.85 Td (Operations ) Tj ET Q q 0 0 0 rg BT 338.74 340.85 Td (\(whose ) Tj ET Q q 0 0 0 rg BT 363.84 340.85 Td (service ) Tj ET Q q 0 0 0 rg BT 388.50 340.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 424.70 340.85 Td (on ) Tj ET Q q 0 0 0 rg BT 434.70 340.85 Td (November ) Tj ET Q q 0 0 0 rg BT 470.47 340.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 482.47 340.85 Td (2013\).) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Base ) Tj ET Q q 0 0 0 rg BT 67.55 322.25 Td (Salary) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 306.65 Td (Salary ) Tj ET Q q 0 0 0 rg BT 72.60 306.65 Td (levels ) Tj ET Q q 0 0 0 rg BT 93.42 306.65 Td (for ) Tj ET Q q 0 0 0 rg BT 104.92 306.65 Td (each ) Tj ET Q q 0 0 0 rg BT 121.73 306.65 Td (of ) Tj ET Q q 0 0 0 rg BT 130.56 306.65 Td (our ) Tj ET Q q 0 0 0 rg BT 143.38 306.65 Td (Named ) Tj ET Q q 0 0 0 rg BT 168.65 306.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 202.80 306.65 Td (Of) Tj ET Q q 0 0 0 rg BT 211.09 306.65 Td (ficers ) Tj ET Q q 0 0 0 rg BT 231.02 306.65 Td (are ) Tj ET Q q 0 0 0 rg BT 242.95 306.65 Td (set ) Tj ET Q q 0 0 0 rg BT 254.00 306.65 Td (in ) Tj ET Q q 0 0 0 rg BT 262.39 306.65 Td (their ) Tj ET Q q 0 0 0 rg BT 279.21 306.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 321.37 306.65 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 361.95 306.65 Td (which ) Tj ET Q q 0 0 0 rg BT 383.67 306.65 Td (are ) Tj ET Q q 0 0 0 rg BT 395.60 306.65 Td (approved ) Tj ET Q q 0 0 0 rg BT 427.53 306.65 Td (by ) Tj ET Q q 0 0 0 rg BT 437.69 306.65 Td (the ) Tj ET Q q 0 0 0 rg BT 449.63 306.65 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 498.01 306.65 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 537.56 306.65 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 98.41 297.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 136.16 297.05 Td (may ) Tj ET Q q 0 0 0 rg BT 152.13 297.05 Td (review ) Tj ET Q q 0 0 0 rg BT 176.09 297.05 Td (these ) Tj ET Q q 0 0 0 rg BT 194.72 297.05 Td (salary ) Tj ET Q q 0 0 0 rg BT 216.02 297.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 236.88 297.05 Td (each ) Tj ET Q q 0 0 0 rg BT 253.72 297.05 Td (year ) Tj ET Q q 0 0 0 rg BT 269.68 297.05 Td (to ) Tj ET Q q 0 0 0 rg BT 278.10 297.05 Td (determine ) Tj ET Q q 0 0 0 rg BT 312.28 297.05 Td (whether ) Tj ET Q q 0 0 0 rg BT 340.24 297.05 Td (any ) Tj ET Q q 0 0 0 rg BT 353.99 297.05 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 391.29 297.05 Td (is ) Tj ET Q q 0 0 0 rg BT 398.82 297.05 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 439.44 297.05 Td (Key ) Tj ET Q q 0 0 0 rg BT 454.96 297.05 Td (considerations ) Tj ET Q q 0 0 0 rg BT 503.37 297.05 Td (in ) Tj ET Q q 0 0 0 rg BT 511.79 297.05 Td (establishing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 287.45 Td (base ) Tj ET Q q 0 0 0 rg BT 66.00 287.45 Td (salary ) Tj ET Q q 0 0 0 rg BT 86.88 287.45 Td (levels ) Tj ET Q q 0 0 0 rg BT 107.33 287.45 Td (and ) Tj ET Q q 0 0 0 rg BT 120.66 287.45 Td (any ) Tj ET Q q 0 0 0 rg BT 133.99 287.45 Td (increases ) Tj ET Q q 0 0 0 rg BT 165.09 287.45 Td (include ) Tj ET Q q 0 0 0 rg BT 190.42 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 201.98 287.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 225.97 287.45 Td (level ) Tj ET Q q 0 0 0 rg BT 243.30 287.45 Td (of ) Tj ET Q q 0 0 0 rg BT 251.75 287.45 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 297.09 287.45 Td (of ) Tj ET Q q 0 0 0 rg BT 305.54 287.45 Td (a ) Tj ET Q q 0 0 0 rg BT 310.87 287.45 Td (given ) Tj ET Q q 0 0 0 rg BT 330.43 287.45 Td (Named ) Tj ET Q q 0 0 0 rg BT 355.31 287.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 389.08 287.45 Td (Of) Tj ET Q q 0 0 0 rg BT 397.38 287.45 Td (ficer; ) Tj ET Q q 0 0 0 rg BT 416.04 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 427.59 287.45 Td (importance ) Tj ET Q q 0 0 0 rg BT 465.36 287.45 Td (of ) Tj ET Q q 0 0 0 rg BT 473.81 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 485.36 287.45 Td (role; ) Tj ET Q q 0 0 0 rg BT 501.81 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 513.36 287.45 Td (experience, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 277.85 Td (expertise ) Tj ET Q q 0 0 0 rg BT 80.66 277.85 Td (and ) Tj ET Q q 0 0 0 rg BT 94.00 277.85 Td (specific ) Tj ET Q q 0 0 0 rg BT 120.66 277.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 162.86 277.85 Td (of ) Tj ET Q q 0 0 0 rg BT 171.31 277.85 Td (the ) Tj ET Q q 0 0 0 rg BT 182.87 277.85 Td (individual; ) Tj ET Q q 0 0 0 rg BT 219.32 277.85 Td (and ) Tj ET Q q 0 0 0 rg BT 232.65 277.85 Td (the ) Tj ET Q q 0 0 0 rg BT 244.21 277.85 Td (general ) Tj ET Q q 0 0 0 rg BT 269.54 277.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.30 277.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.51 277.85 Td (of ) Tj ET Q q 0 0 0 rg BT 349.96 277.85 Td (the ) Tj ET Q q 0 0 0 rg BT 361.52 277.85 Td (Company) Tj ET Q q 0 0 0 rg BT 392.11 277.85 Td (. ) Tj ET Q q 0 0 0 rg BT 395.76 277.85 Td (The ) Tj ET Q q 0 0 0 rg BT 409.98 277.85 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 457.99 277.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 495.32 277.85 Td (did ) Tj ET Q q 0 0 0 rg BT 507.33 277.85 Td (not ) Tj ET Q q 0 0 0 rg BT 519.34 277.85 Td (adjust ) Tj ET Q q 0 0 0 rg BT 540.23 277.85 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (base ) Tj ET Q q 0 0 0 rg BT 65.85 268.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 86.58 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.88 268.25 Td (any ) Tj ET Q q 0 0 0 rg BT 108.06 268.25 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 135.02 268.25 Td (Named ) Tj ET Q q 0 0 0 rg BT 159.75 268.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 193.37 268.25 Td (Of) Tj ET Q q 0 0 0 rg BT 201.67 268.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 221.06 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.92 268.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 246.55 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.73 268.25 Td (has ) Tj ET Q q 0 0 0 rg BT 272.03 268.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 303.42 268.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 340.60 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.00 268.25 Td (base ) Tj ET Q q 0 0 0 rg BT 367.85 268.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 393.47 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.76 268.25 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 428.72 268.25 Td (Named ) Tj ET Q q 0 0 0 rg BT 453.46 268.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 487.07 268.25 Td (Of) Tj ET Q q 0 0 0 rg BT 495.37 268.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 514.77 268.25 Td (at ) Tj ET Q q 0 0 0 rg BT 522.17 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.58 268.25 Td (same ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 258.65 Td (level ) Tj ET Q q 0 0 0 rg BT 68.58 258.65 Td (over ) Tj ET Q q 0 0 0 rg BT 85.83 258.65 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 258.65 Td (several ) Tj ET Q q 0 0 0 rg BT 124.33 258.65 Td (years. ) Tj ET Q q 0 0 0 rg BT 146.25 258.65 Td (In ) Tj ET Q q 0 0 0 rg BT 155.95 258.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 176.99 258.65 Td (the ) Tj ET Q q 0 0 0 rg BT 189.80 258.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.94 258.65 Td (did ) Tj ET Q q 0 0 0 rg BT 237.20 258.65 Td (not ) Tj ET Q q 0 0 0 rg BT 250.46 258.65 Td (use ) Tj ET Q q 0 0 0 rg BT 264.16 258.65 Td (peer ) Tj ET Q q 0 0 0 rg BT 280.96 258.65 Td (companies ) Tj ET Q q 0 0 0 rg BT 318.21 258.65 Td (for ) Tj ET Q q 0 0 0 rg BT 330.58 258.65 Td (purposes ) Tj ET Q q 0 0 0 rg BT 362.05 258.65 Td (of ) Tj ET Q q 0 0 0 rg BT 371.76 258.65 Td (setting ) Tj ET Q q 0 0 0 rg BT 396.12 258.65 Td (or ) Tj ET Q q 0 0 0 rg BT 405.82 258.65 Td (benchmarking ) Tj ET Q q 0 0 0 rg BT 454.62 258.65 Td (executive ) Tj ET Q q 0 0 0 rg BT 488.31 258.65 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 537.56 258.65 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 98.83 249.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 137.00 249.05 Td (considers ) Tj ET Q q 0 0 0 rg BT 169.83 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 182.21 249.05 Td (base ) Tj ET Q q 0 0 0 rg BT 199.04 249.05 Td (salary ) Tj ET Q q 0 0 0 rg BT 220.76 249.05 Td (levels ) Tj ET Q q 0 0 0 rg BT 242.03 249.05 Td (for ) Tj ET Q q 0 0 0 rg BT 253.98 249.05 Td (each ) Tj ET Q q 0 0 0 rg BT 271.24 249.05 Td (of ) Tj ET Q q 0 0 0 rg BT 280.52 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 292.91 249.05 Td (Company) Tj ET Q q 0 0 0 rg BT 326.24 249.05 Td (s ) Tj ET Q q 0 0 0 rg BT 331.97 249.05 Td (Named ) Tj ET Q q 0 0 0 rg BT 357.68 249.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 392.28 249.05 Td (Of) Tj ET Q q 0 0 0 rg BT 400.58 249.05 Td (ficers ) Tj ET Q q 0 0 0 rg BT 420.96 249.05 Td (to ) Tj ET Q q 0 0 0 rg BT 429.80 249.05 Td (be ) Tj ET Q q 0 0 0 rg BT 439.96 249.05 Td (consistent ) Tj ET Q q 0 0 0 rg BT 474.57 249.05 Td (with ) Tj ET Q q 0 0 0 rg BT 491.41 249.05 Td (the ) Tj ET Q q 0 0 0 rg BT 503.80 249.05 Td (considerations ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 239.45 Td (described ) Tj ET Q q 0 0 0 rg BT 82.65 239.45 Td (here.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.85 Td (For ) Tj ET Q q 0 0 0 rg BT 63.25 223.85 Td (our ) Tj ET Q q 0 0 0 rg BT 76.06 223.85 Td (Named ) Tj ET Q q 0 0 0 rg BT 101.30 223.85 Td (Executive ) Tj ET Q q 0 0 0 rg BT 135.43 223.85 Td (Of) Tj ET Q q 0 0 0 rg BT 143.72 223.85 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 165.63 223.85 Td (base ) Tj ET Q q 0 0 0 rg BT 181.98 223.85 Td (salaries ) Tj ET Q q 0 0 0 rg BT 208.11 223.85 Td (for ) Tj ET Q q 0 0 0 rg BT 219.58 223.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 237.72 223.85 Td (accounted ) Tj ET Q q 0 0 0 rg BT 272.29 223.85 Td (for ) Tj ET Q q 0 0 0 rg BT 283.76 223.85 Td (74% ) Tj ET Q q 0 0 0 rg BT 300.56 223.85 Td (of ) Tj ET Q q 0 0 0 rg BT 309.37 223.85 Td (their ) Tj ET Q q 0 0 0 rg BT 326.17 223.85 Td (total ) Tj ET Q q 0 0 0 rg BT 342.53 223.85 Td (direct ) Tj ET Q q 0 0 0 rg BT 362.88 223.85 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 411.45 223.85 Td (\(T) Tj ET Q q 0 0 0 rg BT 418.45 223.85 Td (otal ) Tj ET Q q 0 0 0 rg BT 432.58 223.85 Td (direct ) Tj ET Q q 0 0 0 rg BT 452.93 223.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 499.51 223.85 Td (consists ) Tj ET Q q 0 0 0 rg BT 526.98 223.85 Td (of ) Tj ET Q q 0 0 0 rg BT 535.79 223.85 Td (base ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (salary) Tj ET Q q 0 0 0 rg BT 68.58 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 72.90 214.25 Td (bonus, ) Tj ET Q q 0 0 0 rg BT 96.33 214.25 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 133.31 214.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 164.95 214.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 181.05 214.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 206.02 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.89 214.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 243.54 214.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 265.85 214.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 284.61 214.25 Td (value ) Tj ET Q q 0 0 0 rg BT 304.25 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.12 214.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 348.43 214.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 382.28 214.25 Td (payments.\) ) Tj ET Q q 0 0 0 rg BT 419.92 214.25 Td (In ) Tj ET Q q 0 0 0 rg BT 428.91 214.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 449.23 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.21 214.25 Td (Named ) Tj ET Q q 0 0 0 rg BT 487.63 214.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 521.93 214.25 Td (Of) Tj ET Q q 0 0 0 rg BT 530.23 214.25 Td (ficers, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 204.65 Td (including ) Tj ET Q q 0 0 0 rg BT 82.29 204.65 Td (the ) Tj ET Q q 0 0 0 rg BT 94.13 204.65 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 124.19 204.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 158.25 204.65 Td (Of) Tj ET Q q 0 0 0 rg BT 166.55 204.65 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 188.38 204.65 Td (earned ) Tj ET Q q 0 0 0 rg BT 211.77 204.65 Td (10% ) Tj ET Q q 0 0 0 rg BT 228.51 204.65 Td (of ) Tj ET Q q 0 0 0 rg BT 237.24 204.65 Td (their ) Tj ET Q q 0 0 0 rg BT 253.97 204.65 Td (total ) Tj ET Q q 0 0 0 rg BT 270.26 204.65 Td (direct ) Tj ET Q q 0 0 0 rg BT 290.55 204.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 337.05 204.65 Td (from ) Tj ET Q q 0 0 0 rg BT 354.67 204.65 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 391.40 204.65 Td (incentive ) Tj ET Q q 0 0 0 rg BT 422.80 204.65 Td (plan ) Tj ET Q q 0 0 0 rg BT 438.64 204.65 Td (awards ) Tj ET Q q 0 0 0 rg BT 463.37 204.65 Td (or ) Tj ET Q q 0 0 0 rg BT 472.10 204.65 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 515.94 204.65 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 543.79 204.65 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 195.05 Td (2013. ) Tj ET Q q 0 0 0 rg BT 69.42 195.05 Td (As ) Tj ET Q q 0 0 0 rg BT 80.13 195.05 Td (described ) Tj ET Q q 0 0 0 rg BT 112.61 195.05 Td (below ) Tj ET Q q 0 0 0 rg BT 133.98 195.05 Td (under ) Tj ET Q q 0 0 0 rg BT 154.02 195.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 175.39 195.05 Td (CEO ) Tj ET Q q 0 0 0 rg BT 193.21 195.05 Td (and ) Tj ET Q q 0 0 0 rg BT 206.59 195.05 Td (Senior ) Tj ET Q q 0 0 0 rg BT 229.29 195.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 272.88 195.05 Td (Non-equity ) Tj ET Q q 0 0 0 rg BT 311.14 195.05 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 342.72 195.05 Td (Plan ) Tj ET Q q 0 0 0 rg BT 358.64 195.05 Td (T) Tj ET Q q 0 0 0 rg BT 362.96 195.05 Td (ar) Tj ET Q q 0 0 0 rg BT 369.03 195.05 Td (gets ) Tj ET Q q 0 0 0 rg BT 383.74 195.05 Td (and ) Tj ET Q q 0 0 0 rg BT 396.71 195.05 Td (A) Tj ET Q q 0 0 0 rg BT 401.76 195.05 Td (wards, ) Tj ET Q q 0 0 0 rg BT 428.24 195.05 Td (no ) Tj ET Q q 0 0 0 rg BT 438.06 195.05 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 465.21 195.05 Td (Named ) Tj ET Q q 0 0 0 rg BT 490.13 195.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 523.94 195.05 Td (Of) Tj ET Q q 0 0 0 rg BT 532.24 195.05 Td (ficers ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 185.45 Td (earned ) Tj ET Q q 0 0 0 rg BT 73.32 185.45 Td (a ) Tj ET Q q 0 0 0 rg BT 78.87 185.45 Td (non-incentive ) Tj ET Q q 0 0 0 rg BT 124.85 185.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 146.85 185.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 162.62 185.45 Td (award ) Tj ET Q q 0 0 0 rg BT 184.16 185.45 Td (in ) Tj ET Q q 0 0 0 rg BT 192.39 185.45 Td (2013.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 166.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 75.11 166.85 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 106.42 166.85 Td (Plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.05 151.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 79.43 151.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 128.02 151.25 Td (78 ) Tj ET Q q 0 0 0 rg BT 138.40 151.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 174.99 151.25 Td (across ) Tj ET Q q 0 0 0 rg BT 197.37 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.52 151.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 230.11 151.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.60 151.25 Td (were ) Tj ET Q q 0 0 0 rg BT 281.53 151.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 307.90 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.51 151.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 332.66 151.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 356.36 151.25 Td (incentives ) Tj ET Q q 0 0 0 rg BT 391.18 151.25 Td (through ) Tj ET Q q 0 0 0 rg BT 418.45 151.25 Td (various ) Tj ET Q q 0 0 0 rg BT 444.38 151.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 476.08 151.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 492.24 151.25 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 528.97 151.25 Td (A) Tj ET Q q 0 0 0 rg BT 534.02 151.25 Td (ward ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 141.65 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 94.22 141.65 Td (vary ) Tj ET Q q 0 0 0 rg BT 110.43 141.65 Td (by ) Tj ET Q q 0 0 0 rg BT 120.43 141.65 Td (position ) Tj ET Q q 0 0 0 rg BT 148.21 141.65 Td (and ) Tj ET Q q 0 0 0 rg BT 161.77 141.65 Td (level ) Tj ET Q q 0 0 0 rg BT 179.31 141.65 Td (in ) Tj ET Q q 0 0 0 rg BT 187.54 141.65 Td (the ) Tj ET Q q 0 0 0 rg BT 199.31 141.65 Td (or) Tj ET Q q 0 0 0 rg BT 205.83 141.65 Td (ganization.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.05 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.48 126.05 Td (to ) Tj ET Q q 0 0 0 rg BT 89.18 126.05 Td (the ) Tj ET Q q 0 0 0 rg BT 101.43 126.05 Td (management ) Tj ET Q q 0 0 0 rg BT 144.79 126.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 191.70 126.05 Td (policy ) Tj ET Q q 0 0 0 rg BT 214.17 126.05 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 249.54 126.05 Td (originally ) Tj ET Q q 0 0 0 rg BT 283.12 126.05 Td (adopted ) Tj ET Q q 0 0 0 rg BT 310.92 126.05 Td (by ) Tj ET Q q 0 0 0 rg BT 321.40 126.05 Td (the ) Tj ET Q q 0 0 0 rg BT 333.66 126.05 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 382.36 126.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 420.39 126.05 Td (in ) Tj ET Q q 0 0 0 rg BT 429.09 126.05 Td (201) Tj ET Q q 0 0 0 rg BT 440.79 126.05 Td (1 ) Tj ET Q q 0 0 0 rg BT 447.27 126.05 Td (\(as ) Tj ET Q q 0 0 0 rg BT 459.08 126.05 Td (amended, ) Tj ET Q q 0 0 0 rg BT 492.43 126.05 Td (the ) Tj ET Q q 0 0 0 rg BT 504.69 126.05 Td (Management ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 116.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 97.90 116.45 Td (Policy ) Tj ET Q q 0 0 0 rg BT 120.03 116.45 Td (Guidelines\), ) Tj ET Q q 0 0 0 rg BT 164.58 116.45 Td (Named ) Tj ET Q q 0 0 0 rg BT 189.37 116.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 223.03 116.45 Td (Of) Tj ET Q q 0 0 0 rg BT 231.33 116.45 Td (ficers ) Tj ET Q q 0 0 0 rg BT 250.78 116.45 Td (are ) Tj ET Q q 0 0 0 rg BT 262.22 116.45 Td (eligible ) Tj ET Q q 0 0 0 rg BT 287.90 116.45 Td (to ) Tj ET Q q 0 0 0 rg BT 295.80 116.45 Td (earn ) Tj ET Q q 0 0 0 rg BT 311.25 116.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 334.26 116.45 Td (incentives. ) Tj ET Q q 0 0 0 rg BT 370.37 116.45 Td (Because ) Tj ET Q q 0 0 0 rg BT 398.71 116.45 Td (the ) Tj ET Q q 0 0 0 rg BT 410.16 116.45 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 439.83 116.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 473.50 116.45 Td (Of) Tj ET Q q 0 0 0 rg BT 481.79 116.45 Td (ficers ) Tj ET Q q 0 0 0 rg BT 501.24 116.45 Td (were ) Tj ET Q q 0 0 0 rg BT 518.46 116.45 Td (appointed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 106.85 Td (on ) Tj ET Q q 0 0 0 rg BT 59.58 106.85 Td (September ) Tj ET Q q 0 0 0 rg BT 95.36 106.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 106.94 106.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 126.51 106.85 Td (they ) Tj ET Q q 0 0 0 rg BT 141.86 106.85 Td (were ) Tj ET Q q 0 0 0 rg BT 158.98 106.85 Td (not ) Tj ET Q q 0 0 0 rg BT 170.78 106.85 Td (eligible ) Tj ET Q q 0 0 0 rg BT 196.34 106.85 Td (to ) Tj ET Q q 0 0 0 rg BT 204.14 106.85 Td (earn ) Tj ET Q q 0 0 0 rg BT 219.48 106.85 Td (incentives ) Tj ET Q q 0 0 0 rg BT 253.49 106.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 282.62 106.85 Td (to ) Tj ET Q q 0 0 0 rg BT 290.42 106.85 Td (any ) Tj ET Q q 0 0 0 rg BT 303.54 106.85 Td (established ) Tj ET Q q 0 0 0 rg BT 340.66 106.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 371.56 106.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 386.91 106.85 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 421.37 106.85 Td (for ) Tj ET Q q 0 0 0 rg BT 432.27 106.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 455.17 106.85 Td (incentives ) Tj ET Q q 0 0 0 rg BT 489.18 106.85 Td (in ) Tj ET Q q 0 0 0 rg BT 496.97 106.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 516.44 106.85 Td (The ) Tj ET Q q 0 0 0 rg BT 530.45 106.85 Td (acting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (CFO ) Tj ET Q q 0 0 0 rg BT 67.18 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 80.35 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.74 97.25 Td (General ) Tj ET Q q 0 0 0 rg BT 118.67 97.25 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 146.51 97.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 161.68 97.25 Td (until ) Tj ET Q q 0 0 0 rg BT 177.96 97.25 Td (their ) Tj ET Q q 0 0 0 rg BT 194.24 97.25 Td (separations ) Tj ET Q q 0 0 0 rg BT 231.85 97.25 Td (from ) Tj ET Q q 0 0 0 rg BT 249.02 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.41 97.25 Td (Company) Tj ET Q q 0 0 0 rg BT 291.00 97.25 Td (, ) Tj ET Q q 0 0 0 rg BT 294.61 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.00 97.25 Td (former ) Tj ET Q q 0 0 0 rg BT 329.39 97.25 Td (President ) Tj ET Q q 0 0 0 rg BT 360.78 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.95 97.25 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 393.56 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.95 97.25 Td (former ) Tj ET Q q 0 0 0 rg BT 428.34 97.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 447.73 97.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 479.11 97.25 Td (Of) Tj ET Q q 0 0 0 rg BT 487.41 97.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 503.68 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.85 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.24 97.25 Td (former ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 87.65 Td (EVP) Tj ET Q q 0 0 0 rg BT 64.82 87.65 Td ( ) Tj ET Q q 0 0 0 rg BT 66.91 87.65 Td (- ) Tj ET Q q 0 0 0 rg BT 71.66 87.65 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 102.18 87.65 Td (Planning ) Tj ET Q q 0 0 0 rg BT 132.72 87.65 Td (and ) Tj ET Q q 0 0 0 rg BT 146.36 87.65 Td (Operations ) Tj ET Q q 0 0 0 rg BT 183.55 87.65 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 223.01 87.65 Td (, ) Tj ET Q q 0 0 0 rg BT 227.10 87.65 Td (the ) Tj ET Q q 0 0 0 rg BT 238.96 87.65 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 269.93 87.65 Td (Named ) Tj ET Q q 0 0 0 rg BT 295.13 87.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 329.20 87.65 Td (Of) Tj ET Q q 0 0 0 rg BT 337.50 87.65 Td (ficer) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 352.1484375 86.58359374999998 m 355.26171875 86.58359374999998 l s q 0 0 0 rg BT 352.15 87.65 Td (s) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.26 87.65 Td (\) ) Tj ET Q q 0 0 0 rg BT 363.57 87.65 Td (were ) Tj ET Q q 0 0 0 rg BT 381.20 87.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 407.28 87.65 Td (to ) Tj ET Q q 0 0 0 rg BT 415.59 87.65 Td (earn ) Tj ET Q q 0 0 0 rg BT 431.45 87.65 Td (annual ) Tj ET Q q 0 0 0 rg BT 454.86 87.65 Td (incentives ) Tj ET Q q 0 0 0 rg BT 489.39 87.65 Td (through ) Tj ET Q q 0 0 0 rg BT 516.36 87.65 Td (such ) Tj ET Q q 0 0 0 rg BT 533.12 87.65 Td (plans ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 78.05 Td (for ) Tj ET Q q 0 0 0 rg BT 61.70 78.05 Td (2013. ) Tj ET Q q 0 0 0 rg BT 81.89 78.05 Td (T) Tj ET Q q 0 0 0 rg BT 86.22 78.05 Td (ar) Tj ET Q q 0 0 0 rg BT 92.29 78.05 Td (gets ) Tj ET Q q 0 0 0 rg BT 107.55 78.05 Td (for ) Tj ET Q q 0 0 0 rg BT 119.24 78.05 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 156.27 78.05 Td (incentive ) Tj ET Q q 0 0 0 rg BT 187.96 78.05 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 232.55 78.05 Td (for ) Tj ET Q q 0 0 0 rg BT 244.24 78.05 Td (the ) Tj ET Q q 0 0 0 rg BT 256.38 78.05 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 284.08 78.05 Td (Named ) Tj ET Q q 0 0 0 rg BT 309.55 78.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 343.90 78.05 Td (Of) Tj ET Q q 0 0 0 rg BT 352.20 78.05 Td (ficers ) Tj ET Q q 0 0 0 rg BT 372.33 78.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 404.46 78.05 Td (range ) Tj ET Q q 0 0 0 rg BT 424.60 78.05 Td (from ) Tj ET Q q 0 0 0 rg BT 442.52 78.05 Td (50% ) Tj ET Q q 0 0 0 rg BT 459.55 78.05 Td (to ) Tj ET Q q 0 0 0 rg BT 468.14 78.05 Td (100% ) Tj ET Q q 0 0 0 rg BT 489.17 78.05 Td (of ) Tj ET Q q 0 0 0 rg BT 498.20 78.05 Td (base ) Tj ET Q q 0 0 0 rg BT 514.79 78.05 Td (salary) Tj ET Q q 0 0 0 rg BT 533.37 78.05 Td (. ) Tj ET Q q 0 0 0 rg BT 537.57 78.05 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 68.45 Td (tar) Tj ET Q q 0 0 0 rg BT 58.29 68.45 Td (gets ) Tj ET Q q 0 0 0 rg BT 73.40 68.45 Td (for ) Tj ET Q q 0 0 0 rg BT 84.96 68.45 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 121.84 68.45 Td (incentive ) Tj ET Q q 0 0 0 rg BT 153.39 68.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 169.38 68.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 194.27 68.45 Td (for ) Tj ET Q q 0 0 0 rg BT 205.82 68.45 Td (the ) Tj ET Q q 0 0 0 rg BT 217.82 68.45 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 245.37 68.45 Td (Named ) Tj ET Q q 0 0 0 rg BT 270.70 68.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 304.90 68.45 Td (Of) Tj ET Q q 0 0 0 rg BT 313.20 68.45 Td (ficers ) Tj ET Q q 0 0 0 rg BT 333.19 68.45 Td (vary ) Tj ET Q q 0 0 0 rg BT 349.63 68.45 Td (but ) Tj ET Q q 0 0 0 rg BT 362.08 68.45 Td (are ) Tj ET Q q 0 0 0 rg BT 374.07 68.45 Td (principally ) Tj ET Q q 0 0 0 rg BT 410.95 68.45 Td (for ) Tj ET Q q 0 0 0 rg BT 422.50 68.45 Td (the ) Tj ET Q q 0 0 0 rg BT 434.50 68.45 Td (achievement ) Tj ET Q q 0 0 0 rg BT 477.15 68.45 Td (of ) Tj ET Q q 0 0 0 rg BT 486.04 68.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 513.13 68.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 543.34 68.45 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 58.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 82.80 58.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 125.80 58.85 Td (goals ) Tj ET Q q 0 0 0 rg BT 145.27 58.85 Td (designed ) Tj ET Q q 0 0 0 rg BT 176.30 58.85 Td (to ) Tj ET Q q 0 0 0 rg BT 185.11 58.85 Td (support ) Tj ET Q q 0 0 0 rg BT 211.69 58.85 Td (the ) Tj ET Q q 0 0 0 rg BT 224.05 58.85 Td (achievement ) Tj ET Q q 0 0 0 rg BT 267.06 58.85 Td (of ) Tj ET Q q 0 0 0 rg BT 276.31 58.85 Td (key ) Tj ET Q q 0 0 0 rg BT 290.45 58.85 Td (objectives ) Tj ET Q q 0 0 0 rg BT 325.46 58.85 Td (of ) Tj ET Q q 0 0 0 rg BT 334.71 58.85 Td (the ) Tj ET Q q 0 0 0 rg BT 347.07 58.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.77 58.85 Td (in ) Tj ET Q q 0 0 0 rg BT 389.58 58.85 Td (the ) Tj ET Q q 0 0 0 rg BT 401.94 58.85 Td (current ) Tj ET Q q 0 0 0 rg BT 427.18 58.85 Td (challenging ) Tj ET Q q 0 0 0 rg BT 467.08 58.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 500.77 58.85 Td (environment ) Tj ET Q q 0 0 0 rg BT 543.79 58.85 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 81.32 49.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.55 49.25 Td (which ) Tj ET Q q 0 0 0 rg BT 111.10 49.25 Td (it ) Tj ET Q q 0 0 0 rg BT 117.54 49.25 Td (has ) Tj ET Q q 0 0 0 rg BT 130.21 49.25 Td (been ) Tj ET Q q 0 0 0 rg BT 147.31 49.25 Td (operating.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (96) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.83 743.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 106.98 743.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 154.60 743.50 Td (Policy ) Tj ET Q q 0 0 0 rg BT 176.43 743.50 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 212.49 743.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 238.32 743.50 Td (that ) Tj ET Q q 0 0 0 rg BT 251.71 743.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 274.42 743.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 310.47 743.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 341.19 743.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 356.35 743.50 Td (award ) Tj ET Q q 0 0 0 rg BT 377.29 743.50 Td (tar) Tj ET Q q 0 0 0 rg BT 385.58 743.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 399.86 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 410.58 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 421.75 743.50 Td (higher ) Tj ET Q q 0 0 0 rg BT 443.58 743.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 463.63 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 471.69 743.50 Td (management ) Tj ET Q q 0 0 0 rg BT 513.95 743.50 Td (will ) Tj ET Q q 0 0 0 rg BT 527.79 743.50 Td (consist ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 59.34 733.90 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 99.79 733.90 Td (tar) Tj ET Q q 0 0 0 rg BT 108.08 733.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 123.65 733.90 Td (based ) Tj ET Q q 0 0 0 rg BT 144.54 733.90 Td (on ) Tj ET Q q 0 0 0 rg BT 155.22 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 167.68 733.90 Td (Company) Tj ET Q q 0 0 0 rg BT 201.01 733.90 Td (s ) Tj ET Q q 0 0 0 rg BT 206.80 733.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.46 733.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 280.56 733.90 Td (goals ) Tj ET Q q 0 0 0 rg BT 300.13 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 314.36 733.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 349.48 733.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 392.58 733.90 Td (tar) Tj ET Q q 0 0 0 rg BT 400.87 733.90 Td (gets, ) Tj ET Q q 0 0 0 rg BT 418.44 733.90 Td (including ) Tj ET Q q 0 0 0 rg BT 451.34 733.90 Td (objectives ) Tj ET Q q 0 0 0 rg BT 486.45 733.90 Td (related ) Tj ET Q q 0 0 0 rg BT 510.89 733.90 Td (to ) Tj ET Q q 0 0 0 rg BT 519.79 733.90 Td (operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 92.10 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 105.34 724.30 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 140.79 724.30 Td (tar) Tj ET Q q 0 0 0 rg BT 149.08 724.30 Td (gets. ) Tj ET Q q 0 0 0 rg BT 165.65 724.30 Td (Specific ) Tj ET Q q 0 0 0 rg BT 193.55 724.30 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 233.00 724.30 Td (tar) Tj ET Q q 0 0 0 rg BT 241.29 724.30 Td (gets ) Tj ET Q q 0 0 0 rg BT 255.86 724.30 Td (are ) Tj ET Q q 0 0 0 rg BT 267.31 724.30 Td (intended ) Tj ET Q q 0 0 0 rg BT 296.54 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 304.45 724.30 Td (correlate ) Tj ET Q q 0 0 0 rg BT 334.11 724.30 Td (more ) Tj ET Q q 0 0 0 rg BT 352.23 724.30 Td (closely ) Tj ET Q q 0 0 0 rg BT 376.58 724.30 Td (with ) Tj ET Q q 0 0 0 rg BT 392.49 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 724.30 Td (role ) Tj ET Q q 0 0 0 rg BT 418.07 724.30 Td (or ) Tj ET Q q 0 0 0 rg BT 426.42 724.30 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 476.54 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 484.89 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 496.35 724.30 Td (relevant ) Tj ET Q q 0 0 0 rg BT 523.79 724.30 Td (member ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.19 714.70 Td (management. ) Tj ET Q q 0 0 0 rg BT 102.48 714.70 Td (T) Tj ET Q q 0 0 0 rg BT 106.80 714.70 Td (ar) Tj ET Q q 0 0 0 rg BT 112.87 714.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 127.29 714.70 Td (for ) Tj ET Q q 0 0 0 rg BT 138.14 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 149.44 714.70 Td (former ) Tj ET Q q 0 0 0 rg BT 172.73 714.70 Td (President ) Tj ET Q q 0 0 0 rg BT 204.03 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 217.10 714.70 Td (CEO ) Tj ET Q q 0 0 0 rg BT 234.63 714.70 Td (were ) Tj ET Q q 0 0 0 rg BT 251.70 714.70 Td (set ) Tj ET Q q 0 0 0 rg BT 262.11 714.70 Td (by ) Tj ET Q q 0 0 0 rg BT 271.64 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 282.93 714.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 330.68 714.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 367.75 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 380.83 714.70 Td (for ) Tj ET Q q 0 0 0 rg BT 391.68 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.98 714.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 436.94 714.70 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 463.80 714.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 488.42 714.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 521.93 714.70 Td (Of) Tj ET Q q 0 0 0 rg BT 530.23 714.70 Td (ficers, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (tar) Tj ET Q q 0 0 0 rg BT 58.29 705.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 72.78 705.10 Td (were ) Tj ET Q q 0 0 0 rg BT 89.93 705.10 Td (set ) Tj ET Q q 0 0 0 rg BT 100.42 705.10 Td (by ) Tj ET Q q 0 0 0 rg BT 110.03 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 705.10 Td (former ) Tj ET Q q 0 0 0 rg BT 144.78 705.10 Td (President ) Tj ET Q q 0 0 0 rg BT 176.15 705.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.31 705.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 206.91 705.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.07 705.10 Td (recommended ) Tj ET Q q 0 0 0 rg BT 266.99 705.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.81 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.19 705.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 334.01 705.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 371.17 705.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.10 705.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 413.58 705.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.62 705.10 Td (split ) Tj ET Q q 0 0 0 rg BT 443.01 705.10 Td (between ) Tj ET Q q 0 0 0 rg BT 471.26 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.64 705.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 522.01 705.10 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 695.50 Td (tar) Tj ET Q q 0 0 0 rg BT 58.29 695.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 73.18 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 86.73 695.50 Td (individual ) Tj ET Q q 0 0 0 rg BT 121.17 695.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.59 695.50 Td (tar) Tj ET Q q 0 0 0 rg BT 171.88 695.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 186.77 695.50 Td (also ) Tj ET Q q 0 0 0 rg BT 201.66 695.50 Td (varies ) Tj ET Q q 0 0 0 rg BT 222.76 695.50 Td (based ) Tj ET Q q 0 0 0 rg BT 242.97 695.50 Td (on ) Tj ET Q q 0 0 0 rg BT 252.97 695.50 Td (role ) Tj ET Q q 0 0 0 rg BT 267.41 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 280.96 695.50 Td (level ) Tj ET Q q 0 0 0 rg BT 298.51 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 307.17 695.50 Td (seniority) Tj ET Q q 0 0 0 rg BT 334.65 695.50 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.90 Td (In ) Tj ET Q q 0 0 0 rg BT 58.23 679.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 77.80 679.90 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 104.69 679.90 Td (Named ) Tj ET Q q 0 0 0 rg BT 129.36 679.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 162.92 679.90 Td (Of) Tj ET Q q 0 0 0 rg BT 171.21 679.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 190.54 679.90 Td (were ) Tj ET Q q 0 0 0 rg BT 207.66 679.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 233.21 679.90 Td (to ) Tj ET Q q 0 0 0 rg BT 241.00 679.90 Td (earn ) Tj ET Q q 0 0 0 rg BT 256.34 679.90 Td (50% ) Tj ET Q q 0 0 0 rg BT 272.57 679.90 Td (of ) Tj ET Q q 0 0 0 rg BT 280.80 679.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 317.03 679.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 347.92 679.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 363.26 679.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 387.48 679.90 Td (for ) Tj ET Q q 0 0 0 rg BT 398.38 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 409.72 679.90 Td (achievement ) Tj ET Q q 0 0 0 rg BT 451.71 679.90 Td (of ) Tj ET Q q 0 0 0 rg BT 459.94 679.90 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 499.27 679.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.82 679.90 Td (tar) Tj ET Q q 0 0 0 rg BT 537.12 679.90 Td (gets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.30 Td (based ) Tj ET Q q 0 0 0 rg BT 69.75 670.30 Td (on ) Tj ET Q q 0 0 0 rg BT 79.29 670.30 Td (the ) Tj ET Q q 0 0 0 rg BT 90.59 670.30 Td (Company) Tj ET Q q 0 0 0 rg BT 123.93 670.30 Td (s ) Tj ET Q q 0 0 0 rg BT 128.57 670.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 170.53 670.30 Td (and ) Tj ET Q q 0 0 0 rg BT 183.61 670.30 Td (50% ) Tj ET Q q 0 0 0 rg BT 199.81 670.30 Td (for ) Tj ET Q q 0 0 0 rg BT 210.68 670.30 Td (the ) Tj ET Q q 0 0 0 rg BT 221.98 670.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 263.94 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 272.14 670.30 Td (tar) Tj ET Q q 0 0 0 rg BT 280.43 670.30 Td (gets ) Tj ET Q q 0 0 0 rg BT 294.86 670.30 Td (tied ) Tj ET Q q 0 0 0 rg BT 308.39 670.30 Td (to ) Tj ET Q q 0 0 0 rg BT 316.14 670.30 Td (individual ) Tj ET Q q 0 0 0 rg BT 350.12 670.30 Td (performance. ) Tj ET Q q 0 0 0 rg BT 393.96 670.30 Td (This ) Tj ET Q q 0 0 0 rg BT 409.72 670.30 Td (approach ) Tj ET Q q 0 0 0 rg BT 440.57 670.30 Td (is ) Tj ET Q q 0 0 0 rg BT 447.44 670.30 Td (intended ) Tj ET Q q 0 0 0 rg BT 476.53 670.30 Td (to ) Tj ET Q q 0 0 0 rg BT 484.28 670.30 Td (hold ) Tj ET Q q 0 0 0 rg BT 500.04 670.30 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 526.90 670.30 Td (Named ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 660.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 84.22 660.70 Td (Of) Tj ET Q q 0 0 0 rg BT 92.52 660.70 Td (ficers ) Tj ET Q q 0 0 0 rg BT 112.52 660.70 Td (accountable ) Tj ET Q q 0 0 0 rg BT 152.96 660.70 Td (for ) Tj ET Q q 0 0 0 rg BT 164.52 660.70 Td (both ) Tj ET Q q 0 0 0 rg BT 180.98 660.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 205.43 660.70 Td (business ) Tj ET Q q 0 0 0 rg BT 234.78 660.70 Td (and ) Tj ET Q q 0 0 0 rg BT 248.57 660.70 Td (individual ) Tj ET Q q 0 0 0 rg BT 283.25 660.70 Td (areas ) Tj ET Q q 0 0 0 rg BT 301.92 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 310.82 660.70 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 356.61 660.70 Td (in ) Tj ET Q q 0 0 0 rg BT 365.07 660.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 389.96 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.86 660.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 431.31 660.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 473.96 660.70 Td (or ) Tj ET Q q 0 0 0 rg BT 482.87 660.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 512.20 660.70 Td (goals ) Tj ET Q q 0 0 0 rg BT 531.32 660.70 Td (of ) Tj ET Q q 0 0 0 rg BT 540.23 660.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 651.10 Td (Company) Tj ET Q q 0 0 0 rg BT 80.59 651.10 Td (. ) Tj ET Q q 0 0 0 rg BT 84.54 651.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 128.48 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.21 651.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 188.38 651.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 225.88 651.10 Td (established ) Tj ET Q q 0 0 0 rg BT 263.38 651.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.33 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.05 651.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.12 651.10 Td (would ) Tj ET Q q 0 0 0 rg BT 344.07 651.10 Td (need ) Tj ET Q q 0 0 0 rg BT 361.12 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.30 651.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 395.67 651.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.18 651.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 434.24 651.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 455.29 651.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 480.18 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.14 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.75 651.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 506.93 651.10 Td (100.0 ) Tj ET Q q 0 0 0 rg BT 526.88 651.10 Td (million ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 641.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 64.32 641.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 92.76 641.50 Td ( ) Tj ET Q q 0 0 0 rg BT 94.50 641.50 Td (Threshold\) ) Tj ET Q q 0 0 0 rg BT 135.04 641.50 Td (in ) Tj ET Q q 0 0 0 rg BT 143.14 641.50 Td (order ) Tj ET Q q 0 0 0 rg BT 161.90 641.50 Td (for ) Tj ET Q q 0 0 0 rg BT 173.10 641.50 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 200.31 641.50 Td (Named ) Tj ET Q q 0 0 0 rg BT 225.29 641.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 259.16 641.50 Td (Of) Tj ET Q q 0 0 0 rg BT 267.46 641.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 287.10 641.50 Td (and ) Tj ET Q q 0 0 0 rg BT 300.53 641.50 Td (other ) Tj ET Q q 0 0 0 rg BT 318.85 641.50 Td (members ) Tj ET Q q 0 0 0 rg BT 350.05 641.50 Td (of ) Tj ET Q q 0 0 0 rg BT 358.60 641.50 Td (management ) Tj ET Q q 0 0 0 rg BT 401.35 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 409.45 641.50 Td (be ) Tj ET Q q 0 0 0 rg BT 418.88 641.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 444.75 641.50 Td (to ) Tj ET Q q 0 0 0 rg BT 452.86 641.50 Td (earn ) Tj ET Q q 0 0 0 rg BT 468.50 641.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 505.04 641.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 536.24 641.50 Td (plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 631.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 75.57 631.90 Td (in ) Tj ET Q q 0 0 0 rg BT 84.71 631.90 Td (2013. ) Tj ET Q q 0 0 0 rg BT 105.63 631.90 Td (OIBDA, ) Tj ET Q q 0 0 0 rg BT 135.88 631.90 Td (which ) Tj ET Q q 0 0 0 rg BT 158.35 631.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 187.93 631.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 231.28 631.90 Td (and ) Tj ET Q q 0 0 0 rg BT 245.75 631.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 285.54 631.90 Td (of ) Tj ET Q q 0 0 0 rg BT 295.13 631.90 Td (program ) Tj ET Q q 0 0 0 rg BT 325.14 631.90 Td (rights, ) Tj ET Q q 0 0 0 rg BT 348.29 631.90 Td (is ) Tj ET Q q 0 0 0 rg BT 356.54 631.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 395.44 631.90 Td (as ) Tj ET Q q 0 0 0 rg BT 405.02 631.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 438.15 631.90 Td (income ) Tj ET Q q 0 0 0 rg BT 464.62 631.90 Td (/ ) Tj ET Q q 0 0 0 rg BT 469.76 631.90 Td (loss ) Tj ET Q q 0 0 0 rg BT 485.13 631.90 Td (before ) Tj ET Q q 0 0 0 rg BT 508.47 631.90 Td (depreciation, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 621.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 91.73 621.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.69 621.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 132.97 621.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.93 621.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.78 621.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 207.07 621.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.03 621.10 Td (assets.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 235.69 621.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.15 621.10 Td (For ) Tj ET Q q 0 0 0 rg BT 251.11 621.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.56 621.10 Td (quantitative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.51 621.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 345.78 621.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.74 621.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 389.89 621.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.19 621.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.47 621.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 451.53 621.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.05 621.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 621.10 Td (most ) Tj ET Q q 0 0 0 rg BT 486.97 621.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 512.70 621.10 Td (comparable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 611.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.98 611.50 Td (measurements ) Tj ET Q q 0 0 0 rg BT 127.75 611.50 Td (in ) Tj ET Q q 0 0 0 rg BT 135.97 611.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 173.94 611.50 Td (with ) Tj ET Q q 0 0 0 rg BT 190.16 611.50 Td (GAAP) Tj ET Q q 0 0 0 rg BT 211.05 611.50 Td (, ) Tj ET Q q 0 0 0 rg BT 215.05 611.50 Td (see ) Tj ET Q q 0 0 0 rg BT 227.27 611.50 Td (Part ) Tj ET Q q 0 0 0 rg BT 242.16 611.50 Td (II, ) Tj ET Q q 0 0 0 rg BT 251.48 611.50 Td (Item ) Tj ET Q q 0 0 0 rg BT 268.14 611.50 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.14 611.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 293.70 611.50 Td (20, ) Tj ET Q q 0 0 0 rg BT 305.70 611.50 Td ("Segment ) Tj ET Q q 0 0 0 rg BT 338.96 611.50 Td (Data") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.32 611.50 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 592.90 Td (Long-T) Tj ET Q q 0 0 0 rg BT 72.83 592.90 Td (erm ) Tj ET Q q 0 0 0 rg BT 87.27 592.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 110.15 592.90 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 141.46 592.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 149.17 592.90 Td (ogram) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 577.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 68.35 577.30 Td (year ) Tj ET Q q 0 0 0 rg BT 84.48 577.30 Td (the ) Tj ET Q q 0 0 0 rg BT 96.62 577.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 145.20 577.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 183.12 577.30 Td (reviews ) Tj ET Q q 0 0 0 rg BT 210.36 577.30 Td (and ) Tj ET Q q 0 0 0 rg BT 224.28 577.30 Td (has ) Tj ET Q q 0 0 0 rg BT 237.30 577.30 Td (approved ) Tj ET Q q 0 0 0 rg BT 269.43 577.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 293.12 577.30 Td (grants ) Tj ET Q q 0 0 0 rg BT 315.04 577.30 Td (of ) Tj ET Q q 0 0 0 rg BT 324.07 577.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.43 577.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 378.11 577.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 403.13 577.30 Td (to ) Tj ET Q q 0 0 0 rg BT 411.72 577.30 Td (a ) Tj ET Q q 0 0 0 rg BT 417.63 577.30 Td (group ) Tj ET Q q 0 0 0 rg BT 438.66 577.30 Td (of ) Tj ET Q q 0 0 0 rg BT 447.69 577.30 Td (senior ) Tj ET Q q 0 0 0 rg BT 469.61 577.30 Td (employees. ) Tj ET Q q 0 0 0 rg BT 507.66 577.30 Td (Annual ) Tj ET Q q 0 0 0 rg BT 533.57 577.30 Td (grant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 567.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 70.85 567.70 Td (are ) Tj ET Q q 0 0 0 rg BT 82.80 567.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 120.97 567.70 Td (based ) Tj ET Q q 0 0 0 rg BT 141.38 567.70 Td (on ) Tj ET Q q 0 0 0 rg BT 151.56 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 163.52 567.70 Td (individual) Tj ET Q q 0 0 0 rg BT 198.19 567.70 Td (s ) Tj ET Q q 0 0 0 rg BT 203.49 567.70 Td (position ) Tj ET Q q 0 0 0 rg BT 231.46 567.70 Td (in ) Tj ET Q q 0 0 0 rg BT 239.87 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 251.83 567.70 Td (or) Tj ET Q q 0 0 0 rg BT 258.35 567.70 Td (ganization ) Tj ET Q q 0 0 0 rg BT 293.86 567.70 Td (and ) Tj ET Q q 0 0 0 rg BT 307.59 567.70 Td (include ) Tj ET Q q 0 0 0 rg BT 333.33 567.70 Td (a ) Tj ET Q q 0 0 0 rg BT 339.07 567.70 Td (number ) Tj ET Q q 0 0 0 rg BT 365.69 567.70 Td (of ) Tj ET Q q 0 0 0 rg BT 374.54 567.70 Td (other ) Tj ET Q q 0 0 0 rg BT 393.17 567.70 Td (factors, ) Tj ET Q q 0 0 0 rg BT 419.12 567.70 Td (including ) Tj ET Q q 0 0 0 rg BT 451.53 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.49 567.70 Td (role ) Tj ET Q q 0 0 0 rg BT 478.11 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 490.07 567.70 Td (individual ) Tj ET Q q 0 0 0 rg BT 524.70 567.70 Td (plays ) Tj ET Q q 0 0 0 rg BT 543.78 567.70 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 73.96 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.13 558.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 121.86 558.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 156.03 558.10 Td (company ) Tj ET Q q 0 0 0 rg BT 187.98 558.10 Td (goals, ) Tj ET Q q 0 0 0 rg BT 209.49 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.89 558.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 246.72 558.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 274.24 558.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 313.73 558.10 Td (by ) Tj ET Q q 0 0 0 rg BT 324.36 558.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 346.98 558.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 369.15 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.33 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.73 558.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 411.24 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.53 558.10 Td (such ) Tj ET Q q 0 0 0 rg BT 437.82 558.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 459.99 558.10 Td (as ) Tj ET Q q 0 0 0 rg BT 469.28 558.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 499.88 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.73 558.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.02 558.10 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 548.50 Td (statements. ) Tj ET Q q 0 0 0 rg BT 87.66 548.50 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 123.77 548.50 Td (incentives, ) Tj ET Q q 0 0 0 rg BT 160.09 548.50 Td (assuming ) Tj ET Q q 0 0 0 rg BT 192.21 548.50 Td (stable ) Tj ET Q q 0 0 0 rg BT 212.76 548.50 Td (or ) Tj ET Q q 0 0 0 rg BT 221.32 548.50 Td (improving ) Tj ET Q q 0 0 0 rg BT 256.54 548.50 Td (general ) Tj ET Q q 0 0 0 rg BT 281.97 548.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 314.96 548.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 352.19 548.50 Td (are ) Tj ET Q q 0 0 0 rg BT 363.85 548.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.51 548.50 Td (most ) Tj ET Q q 0 0 0 rg BT 392.96 548.50 Td (ef) Tj ET Q q 0 0 0 rg BT 399.03 548.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 422.69 548.50 Td (way ) Tj ET Q q 0 0 0 rg BT 437.91 548.50 Td (to ) Tj ET Q q 0 0 0 rg BT 446.02 548.50 Td (link ) Tj ET Q q 0 0 0 rg BT 460.36 548.50 Td (the ) Tj ET Q q 0 0 0 rg BT 472.03 548.50 Td (interests ) Tj ET Q q 0 0 0 rg BT 500.58 548.50 Td (of ) Tj ET Q q 0 0 0 rg BT 509.14 548.50 Td (management ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 538.90 Td (and ) Tj ET Q q 0 0 0 rg BT 63.49 538.90 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 107.86 538.90 Td (and ) Tj ET Q q 0 0 0 rg BT 121.35 538.90 Td (to ) Tj ET Q q 0 0 0 rg BT 129.51 538.90 Td (incentivize ) Tj ET Q q 0 0 0 rg BT 166.54 538.90 Td (management ) Tj ET Q q 0 0 0 rg BT 209.36 538.90 Td (to ) Tj ET Q q 0 0 0 rg BT 217.52 538.90 Td (strive ) Tj ET Q q 0 0 0 rg BT 237.23 538.90 Td (for ) Tj ET Q q 0 0 0 rg BT 248.50 538.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 281.98 538.90 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 321.24 538.90 Td (value ) Tj ET Q q 0 0 0 rg BT 340.50 538.90 Td (creation. ) Tj ET Q q 0 0 0 rg BT 370.06 538.90 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 405.54 538.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 427.47 538.90 Td (incentives ) Tj ET Q q 0 0 0 rg BT 461.84 538.90 Td (are ) Tj ET Q q 0 0 0 rg BT 473.55 538.90 Td (an ) Tj ET Q q 0 0 0 rg BT 483.04 538.90 Td (important ) Tj ET Q q 0 0 0 rg BT 516.08 538.90 Td (element ) Tj ET Q q 0 0 0 rg BT 543.34 538.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 529.30 Td (Company) Tj ET Q q 0 0 0 rg BT 95.11 529.30 Td (s ) Tj ET Q q 0 0 0 rg BT 100.22 529.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 146.65 529.30 Td (programs.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 510.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 68.00 510.70 Td (CEO ) Tj ET Q q 0 0 0 rg BT 87.34 510.70 Td (and ) Tj ET Q q 0 0 0 rg BT 102.23 510.70 Td (Senior) Tj ET Q q 0 0 0 rg BT 124.31 510.70 Td ( ) Tj ET Q q 0 0 0 rg BT 126.31 510.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 173.19 510.70 Td (Non-equity ) Tj ET Q q 0 0 0 rg BT 213.42 510.70 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 246.97 510.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 264.38 510.70 Td (T) Tj ET Q q 0 0 0 rg BT 268.98 510.70 Td (argets ) Tj ET Q q 0 0 0 rg BT 291.86 510.70 Td (and ) Tj ET Q q 0 0 0 rg BT 306.32 510.70 Td (A) Tj ET Q q 0 0 0 rg BT 311.50 510.70 Td (wards) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (Co-CEO ) Tj ET Q q 0 0 0 rg BT 80.00 495.10 Td (Non-equity ) Tj ET Q q 0 0 0 rg BT 117.55 495.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 148.86 495.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 165.82 495.10 Td (A) Tj ET Q q 0 0 0 rg BT 170.27 495.10 Td (war) Tj ET Q q 0 0 0 rg BT 182.42 495.10 Td (d ) Tj ET Q q 0 0 0 rg BT 188.42 495.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.14 495.10 Td (ar) Tj ET Q q 0 0 0 rg BT 198.95 495.10 Td (gets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 479.50 Td (Because ) Tj ET Q q 0 0 0 rg BT 78.57 479.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.25 479.50 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 120.15 479.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 154.05 479.50 Td (Of) Tj ET Q q 0 0 0 rg BT 162.35 479.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 182.03 479.50 Td (were ) Tj ET Q q 0 0 0 rg BT 199.48 479.50 Td (appointed ) Tj ET Q q 0 0 0 rg BT 232.94 479.50 Td (on ) Tj ET Q q 0 0 0 rg BT 242.86 479.50 Td (September ) Tj ET Q q 0 0 0 rg BT 278.98 479.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 290.89 479.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 310.81 479.50 Td (they ) Tj ET Q q 0 0 0 rg BT 326.49 479.50 Td (were ) Tj ET Q q 0 0 0 rg BT 343.95 479.50 Td (not ) Tj ET Q q 0 0 0 rg BT 356.08 479.50 Td (eligible ) Tj ET Q q 0 0 0 rg BT 381.99 479.50 Td (to ) Tj ET Q q 0 0 0 rg BT 390.13 479.50 Td (earn ) Tj ET Q q 0 0 0 rg BT 405.80 479.50 Td (incentives ) Tj ET Q q 0 0 0 rg BT 440.15 479.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 469.61 479.50 Td (to ) Tj ET Q q 0 0 0 rg BT 477.75 479.50 Td (any ) Tj ET Q q 0 0 0 rg BT 491.21 479.50 Td (established ) Tj ET Q q 0 0 0 rg BT 528.67 479.50 Td (annual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 469.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 81.65 469.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 97.75 469.90 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 132.97 469.90 Td (for ) Tj ET Q q 0 0 0 rg BT 144.63 469.90 Td (2013. ) Tj ET Q q 0 0 0 rg BT 164.96 469.90 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 195.29 469.90 Td (to ) Tj ET Q q 0 0 0 rg BT 203.84 469.90 Td (his ) Tj ET Q q 0 0 0 rg BT 215.50 469.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 257.83 469.90 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 295.47 469.90 Td (each ) Tj ET Q q 0 0 0 rg BT 312.45 469.90 Td (of ) Tj ET Q q 0 0 0 rg BT 321.45 469.90 Td (the ) Tj ET Q q 0 0 0 rg BT 333.55 469.90 Td (co-CEOs ) Tj ET Q q 0 0 0 rg BT 365.21 469.90 Td (was ) Tj ET Q q 0 0 0 rg BT 379.98 469.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 406.30 469.90 Td (to ) Tj ET Q q 0 0 0 rg BT 414.85 469.90 Td (earn ) Tj ET Q q 0 0 0 rg BT 430.95 469.90 Td (a ) Tj ET Q q 0 0 0 rg BT 436.83 469.90 Td (one-time ) Tj ET Q q 0 0 0 rg BT 467.59 469.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 504.58 469.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 536.23 469.90 Td (plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 460.30 Td (award ) Tj ET Q q 0 0 0 rg BT 70.80 460.30 Td (of ) Tj ET Q q 0 0 0 rg BT 78.71 460.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 94.20 460.30 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 121.45 460.30 Td (for ) Tj ET Q q 0 0 0 rg BT 132.03 460.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.06 460.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 184.73 460.30 Td (of ) Tj ET Q q 0 0 0 rg BT 192.65 460.30 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 227.67 460.30 Td (tar) Tj ET Q q 0 0 0 rg BT 235.96 460.30 Td (gets ) Tj ET Q q 0 0 0 rg BT 250.11 460.30 Td (established ) Tj ET Q q 0 0 0 rg BT 286.91 460.30 Td (by ) Tj ET Q q 0 0 0 rg BT 296.16 460.30 Td (the ) Tj ET Q q 0 0 0 rg BT 307.19 460.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 354.66 460.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 391.46 460.30 Td (following ) Tj ET Q q 0 0 0 rg BT 423.83 460.30 Td (their ) Tj ET Q q 0 0 0 rg BT 439.74 460.30 Td (appointment, ) Tj ET Q q 0 0 0 rg BT 482.99 460.30 Td (including ) Tj ET Q q 0 0 0 rg BT 514.46 460.30 Td (developing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 450.70 Td (the ) Tj ET Q q 0 0 0 rg BT 62.38 450.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 80.98 450.70 Td (budget ) Tj ET Q q 0 0 0 rg BT 105.35 450.70 Td (and ) Tj ET Q q 0 0 0 rg BT 119.51 450.70 Td (a ) Tj ET Q q 0 0 0 rg BT 125.66 450.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 155.36 450.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 171.74 450.70 Td (for ) Tj ET Q q 0 0 0 rg BT 183.67 450.70 Td (the ) Tj ET Q q 0 0 0 rg BT 196.04 450.70 Td (Company) Tj ET Q q 0 0 0 rg BT 226.63 450.70 Td (, ) Tj ET Q q 0 0 0 rg BT 231.24 450.70 Td (ef) Tj ET Q q 0 0 0 rg BT 237.31 450.70 Td (fectively ) Tj ET Q q 0 0 0 rg BT 267.89 450.70 Td (communicating ) Tj ET Q q 0 0 0 rg BT 320.26 450.70 Td (the ) Tj ET Q q 0 0 0 rg BT 332.64 450.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 362.34 450.70 Td (direction ) Tj ET Q q 0 0 0 rg BT 393.37 450.70 Td (of ) Tj ET Q q 0 0 0 rg BT 402.64 450.70 Td (the ) Tj ET Q q 0 0 0 rg BT 415.02 450.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 448.73 450.70 Td (to ) Tj ET Q q 0 0 0 rg BT 457.55 450.70 Td (investors, ) Tj ET Q q 0 0 0 rg BT 491.04 450.70 Td (analysts ) Tj ET Q q 0 0 0 rg BT 519.42 450.70 Td (and ) Tj ET Q q 0 0 0 rg BT 533.57 450.70 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (constituencies, ) Tj ET Q q 0 0 0 rg BT 99.32 441.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 136.87 441.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.42 441.10 Td (initiating ) Tj ET Q q 0 0 0 rg BT 181.30 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.08 441.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 226.18 441.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.84 441.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.39 441.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 272.60 441.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 288.38 441.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.70 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.48 441.10 Td (Company) Tj ET Q q 0 0 0 rg BT 342.07 441.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.07 441.10 Td (completing ) Tj ET Q q 0 0 0 rg BT 384.06 441.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.61 441.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 432.48 441.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 448.26 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.48 441.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 480.69 441.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 517.34 441.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 543.34 441.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 431.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 66.23 431.50 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 82.23 431.50 Td (million ) Tj ET Q q 0 0 0 rg BT 107.34 431.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.89 431.50 Td (initiating ) Tj ET Q q 0 0 0 rg BT 151.78 431.50 Td (a ) Tj ET Q q 0 0 0 rg BT 157.33 431.50 Td (process ) Tj ET Q q 0 0 0 rg BT 183.32 431.50 Td (to ) Tj ET Q q 0 0 0 rg BT 191.54 431.50 Td (divest ) Tj ET Q q 0 0 0 rg BT 212.65 431.50 Td (of ) Tj ET Q q 0 0 0 rg BT 221.32 431.50 Td (non-core ) Tj ET Q q 0 0 0 rg BT 251.75 431.50 Td (assets.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 415.90 Td (Non-equity ) Tj ET Q q 0 0 0 rg BT 87.55 415.90 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 118.86 415.90 Td (Plan ) Tj ET Q q 0 0 0 rg BT 135.82 415.90 Td (A) Tj ET Q q 0 0 0 rg BT 140.27 415.90 Td (war) Tj ET Q q 0 0 0 rg BT 152.42 415.90 Td (d ) Tj ET Q q 0 0 0 rg BT 158.42 415.90 Td (T) Tj ET Q q 0 0 0 rg BT 162.14 415.90 Td (ar) Tj ET Q q 0 0 0 rg BT 168.95 415.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 183.84 415.90 Td (for ) Tj ET Q q 0 0 0 rg BT 195.18 415.90 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 222.50 415.90 Td (Named ) Tj ET Q q 0 0 0 rg BT 247.17 415.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 280.25 415.90 Td (Officers) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 400.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 68.17 400.30 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 95.67 400.30 Td (Named ) Tj ET Q q 0 0 0 rg BT 120.95 400.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 155.12 400.30 Td (Of) Tj ET Q q 0 0 0 rg BT 163.41 400.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 180.25 400.30 Td (has ) Tj ET Q q 0 0 0 rg BT 193.09 400.30 Td (a ) Tj ET Q q 0 0 0 rg BT 198.82 400.30 Td (tar) Tj ET Q q 0 0 0 rg BT 207.11 400.30 Td (get ) Tj ET Q q 0 0 0 rg BT 219.06 400.30 Td (award ) Tj ET Q q 0 0 0 rg BT 240.78 400.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 266.96 400.30 Td (for ) Tj ET Q q 0 0 0 rg BT 278.47 400.30 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 315.30 400.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 346.80 400.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 362.76 400.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 409.37 400.30 Td (that ) Tj ET Q q 0 0 0 rg BT 423.54 400.30 Td (is ) Tj ET Q q 0 0 0 rg BT 431.06 400.30 Td (based ) Tj ET Q q 0 0 0 rg BT 451.45 400.30 Td (on ) Tj ET Q q 0 0 0 rg BT 461.63 400.30 Td (a ) Tj ET Q q 0 0 0 rg BT 467.36 400.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 504.18 400.30 Td (of ) Tj ET Q q 0 0 0 rg BT 513.02 400.30 Td (base ) Tj ET Q q 0 0 0 rg BT 529.42 400.30 Td (salary) Tj ET Q q 0 0 0 rg BT 548.00 400.30 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 390.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.24 390.70 Td (tar) Tj ET Q q 0 0 0 rg BT 72.53 390.70 Td (get ) Tj ET Q q 0 0 0 rg BT 84.11 390.70 Td (for ) Tj ET Q q 0 0 0 rg BT 95.24 390.70 Td (each ) Tj ET Q q 0 0 0 rg BT 111.70 390.70 Td (of ) Tj ET Q q 0 0 0 rg BT 120.17 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 131.74 390.70 Td (former ) Tj ET Q q 0 0 0 rg BT 155.31 390.70 Td (President ) Tj ET Q q 0 0 0 rg BT 186.89 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 200.25 390.70 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 220.05 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 231.63 390.70 Td (former ) Tj ET Q q 0 0 0 rg BT 255.20 390.70 Td (Chief ) Tj ET Q q 0 0 0 rg BT 274.77 390.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 306.35 390.70 Td (Of) Tj ET Q q 0 0 0 rg BT 314.64 390.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 328.97 390.70 Td (, ) Tj ET Q q 0 0 0 rg BT 332.78 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 344.36 390.70 Td (former ) Tj ET Q q 0 0 0 rg BT 367.92 390.70 Td (EVP) Tj ET Q q 0 0 0 rg BT 382.74 390.70 Td ( ) Tj ET Q q 0 0 0 rg BT 384.54 390.70 Td (- ) Tj ET Q q 0 0 0 rg BT 389.01 390.70 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 419.25 390.70 Td (Planning ) Tj ET Q q 0 0 0 rg BT 449.50 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 462.85 390.70 Td (Operations ) Tj ET Q q 0 0 0 rg BT 499.76 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 513.11 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 524.69 390.70 Td (General ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 78.22 381.10 Td (is ) Tj ET Q q 0 0 0 rg BT 85.56 381.10 Td (based ) Tj ET Q q 0 0 0 rg BT 105.77 381.10 Td (on ) Tj ET Q q 0 0 0 rg BT 115.77 381.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 136.44 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.10 381.10 Td (base ) Tj ET Q q 0 0 0 rg BT 161.32 381.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 182.42 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.97 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.30 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.07 381.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 240.62 381.10 Td (CFO ) Tj ET Q q 0 0 0 rg BT 258.18 381.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.52 381.10 Td (based ) Tj ET Q q 0 0 0 rg BT 285.73 381.10 Td (on ) Tj ET Q q 0 0 0 rg BT 295.73 381.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 312.39 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.06 381.10 Td (base ) Tj ET Q q 0 0 0 rg BT 337.27 381.10 Td (salary) Tj ET Q q 0 0 0 rg BT 355.86 381.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 365.50 Td (For ) Tj ET Q q 0 0 0 rg BT 62.37 365.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 92.07 365.50 Td (of ) Tj ET Q q 0 0 0 rg BT 99.99 365.50 Td (determining ) Tj ET Q q 0 0 0 rg BT 139.91 365.50 Td (the ) Tj ET Q q 0 0 0 rg BT 150.94 365.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 176.19 365.50 Td (of ) Tj ET Q q 0 0 0 rg BT 184.11 365.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 220.03 365.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 250.61 365.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 265.64 365.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.33 365.50 Td (that ) Tj ET Q q 0 0 0 rg BT 324.59 365.50 Td (can ) Tj ET Q q 0 0 0 rg BT 336.95 365.50 Td (be ) Tj ET Q q 0 0 0 rg BT 345.75 365.50 Td (earned, ) Tj ET Q q 0 0 0 rg BT 370.33 365.50 Td (each ) Tj ET Q q 0 0 0 rg BT 386.24 365.50 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 412.82 365.50 Td (Named ) Tj ET Q q 0 0 0 rg BT 437.18 365.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 470.43 365.50 Td (Of) Tj ET Q q 0 0 0 rg BT 478.72 365.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 494.63 365.50 Td (had ) Tj ET Q q 0 0 0 rg BT 507.44 365.50 Td (a ) Tj ET Q q 0 0 0 rg BT 512.25 365.50 Td (quantitative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 355.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 79.81 355.90 Td (tar) Tj ET Q q 0 0 0 rg BT 88.11 355.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 102.82 355.90 Td (\(with ) Tj ET Q q 0 0 0 rg BT 121.54 355.90 Td (a ) Tj ET Q q 0 0 0 rg BT 126.91 355.90 Td (weighting ) Tj ET Q q 0 0 0 rg BT 160.74 355.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.23 355.90 Td (50%\) ) Tj ET Q q 0 0 0 rg BT 188.39 355.90 Td (and ) Tj ET Q q 0 0 0 rg BT 201.77 355.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 236.04 355.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 278.28 355.90 Td (tar) Tj ET Q q 0 0 0 rg BT 286.57 355.90 Td (gets, ) Tj ET Q q 0 0 0 rg BT 303.29 355.90 Td (including ) Tj ET Q q 0 0 0 rg BT 335.34 355.90 Td (tar) Tj ET Q q 0 0 0 rg BT 343.63 355.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 358.34 355.90 Td (related ) Tj ET Q q 0 0 0 rg BT 381.93 355.90 Td (to ) Tj ET Q q 0 0 0 rg BT 389.98 355.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 422.02 355.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 464.27 355.90 Td (\(with ) Tj ET Q q 0 0 0 rg BT 482.98 355.90 Td (a ) Tj ET Q q 0 0 0 rg BT 488.36 355.90 Td (weighting ) Tj ET Q q 0 0 0 rg BT 522.19 355.90 Td (of ) Tj ET Q q 0 0 0 rg BT 530.68 355.90 Td (50%\). ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 346.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.83 346.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 107.65 346.30 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 346.30 Td (each ) Tj ET Q q 0 0 0 rg BT 133.75 346.30 Td (of ) Tj ET Q q 0 0 0 rg BT 142.81 346.30 Td (the ) Tj ET Q q 0 0 0 rg BT 154.97 346.30 Td (two ) Tj ET Q q 0 0 0 rg BT 169.37 346.30 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 209.53 346.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.91 346.30 Td (tar) Tj ET Q q 0 0 0 rg BT 248.20 346.30 Td (gets ) Tj ET Q q 0 0 0 rg BT 263.48 346.30 Td (was ) Tj ET Q q 0 0 0 rg BT 278.31 346.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 310.03 346.30 Td (equally; ) Tj ET Q q 0 0 0 rg BT 338.19 346.30 Td (weightings ) Tj ET Q q 0 0 0 rg BT 375.70 346.30 Td (were ) Tj ET Q q 0 0 0 rg BT 393.63 346.30 Td (also ) Tj ET Q q 0 0 0 rg BT 408.91 346.30 Td (assigned ) Tj ET Q q 0 0 0 rg BT 438.86 346.30 Td (to ) Tj ET Q q 0 0 0 rg BT 447.47 346.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 474.74 346.30 Td (individual ) Tj ET Q q 0 0 0 rg BT 509.58 346.30 Td (performance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 336.70 Td (tar) Tj ET Q q 0 0 0 rg BT 58.29 336.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 73.52 336.70 Td (based ) Tj ET Q q 0 0 0 rg BT 94.08 336.70 Td (on ) Tj ET Q q 0 0 0 rg BT 104.43 336.70 Td (the ) Tj ET Q q 0 0 0 rg BT 116.55 336.70 Td (relative ) Tj ET Q q 0 0 0 rg BT 142.88 336.70 Td (importance ) Tj ET Q q 0 0 0 rg BT 181.21 336.70 Td (assigned ) Tj ET Q q 0 0 0 rg BT 211.10 336.70 Td (to ) Tj ET Q q 0 0 0 rg BT 219.67 336.70 Td (each ) Tj ET Q q 0 0 0 rg BT 236.67 336.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.56 336.70 Td (varied ) Tj ET Q q 0 0 0 rg BT 272.89 336.70 Td (by ) Tj ET Q q 0 0 0 rg BT 283.24 336.70 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 310.91 336.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 336.36 336.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 370.69 336.70 Td (Of) Tj ET Q q 0 0 0 rg BT 378.98 336.70 Td (ficer ) Tj ET Q q 0 0 0 rg BT 395.98 336.70 Td (based ) Tj ET Q q 0 0 0 rg BT 416.54 336.70 Td (on ) Tj ET Q q 0 0 0 rg BT 426.88 336.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.00 336.70 Td (number ) Tj ET Q q 0 0 0 rg BT 465.79 336.70 Td (of ) Tj ET Q q 0 0 0 rg BT 474.79 336.70 Td (individual ) Tj ET Q q 0 0 0 rg BT 509.58 336.70 Td (performance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (tar) Tj ET Q q 0 0 0 rg BT 58.29 327.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 73.18 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.73 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.50 327.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 124.49 327.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 162.47 327.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 192.02 327.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.25 327.10 Td (each.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 311.50 Td (For ) Tj ET Q q 0 0 0 rg BT 63.69 311.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 84.28 311.50 Td (the ) Tj ET Q q 0 0 0 rg BT 96.63 311.50 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 136.98 311.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.54 311.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 210.54 311.50 Td (tar) Tj ET Q q 0 0 0 rg BT 218.83 311.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 234.30 311.50 Td (of ) Tj ET Q q 0 0 0 rg BT 243.55 311.50 Td (the ) Tj ET Q q 0 0 0 rg BT 255.90 311.50 Td (former ) Tj ET Q q 0 0 0 rg BT 280.25 311.50 Td (President ) Tj ET Q q 0 0 0 rg BT 312.60 311.50 Td (and ) Tj ET Q q 0 0 0 rg BT 326.73 311.50 Td (CEO ) Tj ET Q q 0 0 0 rg BT 345.32 311.50 Td (consisted ) Tj ET Q q 0 0 0 rg BT 377.67 311.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.92 311.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 431.71 311.50 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 464.96 311.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 489.85 311.50 Td ( ) Tj ET Q q 0 0 0 rg BT 492.43 311.50 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 521.66 311.50 Td (as ) Tj ET Q q 0 0 0 rg BT 530.91 311.50 Td (actual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 301.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 92.57 301.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 117.46 301.90 Td ( ) Tj ET Q q 0 0 0 rg BT 119.59 301.90 Td (for ) Tj ET Q q 0 0 0 rg BT 131.05 301.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.96 301.90 Td (Company) Tj ET Q q 0 0 0 rg BT 173.55 301.90 Td (, ) Tj ET Q q 0 0 0 rg BT 177.68 301.90 Td (translated ) Tj ET Q q 0 0 0 rg BT 210.91 301.90 Td (at ) Tj ET Q q 0 0 0 rg BT 218.82 301.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 251.15 301.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 268.39 301.90 Td (used ) Tj ET Q q 0 0 0 rg BT 285.18 301.90 Td (in ) Tj ET Q q 0 0 0 rg BT 293.54 301.90 Td (the ) Tj ET Q q 0 0 0 rg BT 305.45 301.90 Td (Company) Tj ET Q q 0 0 0 rg BT 338.78 301.90 Td (s ) Tj ET Q q 0 0 0 rg BT 344.02 301.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 362.16 301.90 Td (budget ) Tj ET Q q 0 0 0 rg BT 386.06 301.90 Td (and ) Tj ET Q q 0 0 0 rg BT 399.75 301.90 Td (excluding ) Tj ET Q q 0 0 0 rg BT 433.43 301.90 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 473.32 301.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 519.89 301.90 Td (and ) Tj ET Q q 0 0 0 rg BT 533.57 301.90 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 292.30 Td (one-time ) Tj ET Q q 0 0 0 rg BT 80.03 292.30 Td (items\) ) Tj ET Q q 0 0 0 rg BT 101.63 292.30 Td (and ) Tj ET Q q 0 0 0 rg BT 114.77 292.30 Td (Direct ) Tj ET Q q 0 0 0 rg BT 136.36 292.30 Td (Free ) Tj ET Q q 0 0 0 rg BT 152.17 292.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 169.77 292.30 Td (Flow ) Tj ET Q q 0 0 0 rg BT 187.82 292.30 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 216.07 292.30 Td (as ) Tj ET Q q 0 0 0 rg BT 224.33 292.30 Td (free ) Tj ET Q q 0 0 0 rg BT 238.36 292.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.17 292.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 270.43 292.30 Td (translated ) Tj ET Q q 0 0 0 rg BT 303.13 292.30 Td (at ) Tj ET Q q 0 0 0 rg BT 310.50 292.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 342.30 292.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 359.00 292.30 Td (used ) Tj ET Q q 0 0 0 rg BT 375.26 292.30 Td (in ) Tj ET Q q 0 0 0 rg BT 383.08 292.30 Td (the ) Tj ET Q q 0 0 0 rg BT 394.45 292.30 Td (Company) Tj ET Q q 0 0 0 rg BT 427.78 292.30 Td (s ) Tj ET Q q 0 0 0 rg BT 432.49 292.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 450.09 292.30 Td (budget. ) Tj ET Q q 0 0 0 rg BT 475.46 292.30 Td (Free ) Tj ET Q q 0 0 0 rg BT 491.27 292.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 507.09 292.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 523.35 292.30 Td (includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 282.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 65.69 282.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 84.94 282.70 Td (from ) Tj ET Q q 0 0 0 rg BT 101.96 282.70 Td (continuing ) Tj ET Q q 0 0 0 rg BT 137.65 282.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.34 282.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 199.69 282.70 Td (less ) Tj ET Q q 0 0 0 rg BT 213.16 282.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 246.18 282.70 Td (of ) Tj ET Q q 0 0 0 rg BT 254.31 282.70 Td (property) Tj ET Q q 0 0 0 rg BT 280.89 282.70 Td (, ) Tj ET Q q 0 0 0 rg BT 284.37 282.70 Td (plant ) Tj ET Q q 0 0 0 rg BT 301.84 282.70 Td (and ) Tj ET Q q 0 0 0 rg BT 314.86 282.70 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 352.10 282.70 Td (net ) Tj ET Q q 0 0 0 rg BT 363.35 282.70 Td (of ) Tj ET Q q 0 0 0 rg BT 371.48 282.70 Td (disposals ) Tj ET Q q 0 0 0 rg BT 402.29 282.70 Td (of ) Tj ET Q q 0 0 0 rg BT 410.43 282.70 Td (property) Tj ET Q q 0 0 0 rg BT 437.01 282.70 Td (, ) Tj ET Q q 0 0 0 rg BT 440.48 282.70 Td (plant ) Tj ET Q q 0 0 0 rg BT 457.95 282.70 Td (and ) Tj ET Q q 0 0 0 rg BT 470.98 282.70 Td (equipment\). ) Tj ET Q q 0 0 0 rg BT 510.78 282.70 Td (The ) Tj ET Q q 0 0 0 rg BT 524.69 282.70 Td (purpose ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.06 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.24 273.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 104.41 273.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.58 273.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 139.64 273.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 171.25 273.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 187.75 273.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.48 273.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.11 273.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 228.38 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.56 273.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 262.73 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.79 273.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 302.39 273.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 315.78 273.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 354.07 273.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.47 273.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 389.30 273.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 431.12 273.10 Td (tar) Tj ET Q q 0 0 0 rg BT 439.41 273.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 455.60 273.10 Td (The ) Tj ET Q q 0 0 0 rg BT 469.44 273.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 504.60 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.55 273.10 Td (individual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 263.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 92.17 263.50 Td (tar) Tj ET Q q 0 0 0 rg BT 100.46 263.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 115.09 263.50 Td (included ) Tj ET Q q 0 0 0 rg BT 144.39 263.50 Td (achieving ) Tj ET Q q 0 0 0 rg BT 177.23 263.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 197.64 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.05 263.50 Td (prime ) Tj ET Q q 0 0 0 rg BT 226.46 263.50 Td (time ) Tj ET Q q 0 0 0 rg BT 242.43 263.50 Td (audience ) Tj ET Q q 0 0 0 rg BT 272.60 263.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 296.34 263.50 Td (local ) Tj ET Q q 0 0 0 rg BT 313.64 263.50 Td (product ) Tj ET Q q 0 0 0 rg BT 339.82 263.50 Td (hours, ) Tj ET Q q 0 0 0 rg BT 361.35 263.50 Td (daily ) Tj ET Q q 0 0 0 rg BT 379.09 263.50 Td (unique ) Tj ET Q q 0 0 0 rg BT 402.62 263.50 Td (visitors ) Tj ET Q q 0 0 0 rg BT 427.92 263.50 Td (and ) Tj ET Q q 0 0 0 rg BT 441.22 263.50 Td (subscribers; ) Tj ET Q q 0 0 0 rg BT 481.18 263.50 Td (delivering ) Tj ET Q q 0 0 0 rg BT 515.37 263.50 Td (annualized ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 253.90 Td (savings ) Tj ET Q q 0 0 0 rg BT 76.23 253.90 Td (from ) Tj ET Q q 0 0 0 rg BT 94.00 253.90 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 137.11 253.90 Td (of ) Tj ET Q q 0 0 0 rg BT 146.00 253.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 162.45 253.90 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 178.68 253.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 206.02 253.90 Td (achieving ) Tj ET Q q 0 0 0 rg BT 239.34 253.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 270.00 253.90 Td (of ) Tj ET Q q 0 0 0 rg BT 278.89 253.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 295.34 253.90 Td (791.0 ) Tj ET Q q 0 0 0 rg BT 315.57 253.90 Td (million ) Tj ET Q q 0 0 0 rg BT 340.91 253.90 Td (and ) Tj ET Q q 0 0 0 rg BT 354.68 253.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 377.35 253.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 415.12 253.90 Td (prices; ) Tj ET Q q 0 0 0 rg BT 438.67 253.90 Td (achieving ) Tj ET Q q 0 0 0 rg BT 472.00 253.90 Td (total ) Tj ET Q q 0 0 0 rg BT 488.44 253.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.67 253.90 Td (of ) Tj ET Q q 0 0 0 rg BT 515.56 253.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 532.01 253.90 Td (666.0 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 244.30 Td (million; ) Tj ET Q q 0 0 0 rg BT 77.35 244.30 Td (and ) Tj ET Q q 0 0 0 rg BT 90.91 244.30 Td (completing ) Tj ET Q q 0 0 0 rg BT 128.91 244.30 Td (a ) Tj ET Q q 0 0 0 rg BT 134.47 244.30 Td (financing. ) Tj ET Q q 0 0 0 rg BT 168.55 244.30 Td (The ) Tj ET Q q 0 0 0 rg BT 183.00 244.30 Td (former ) Tj ET Q q 0 0 0 rg BT 206.77 244.30 Td (President ) Tj ET Q q 0 0 0 rg BT 238.56 244.30 Td (and ) Tj ET Q q 0 0 0 rg BT 252.12 244.30 Td (CEO ) Tj ET Q q 0 0 0 rg BT 270.13 244.30 Td (was ) Tj ET Q q 0 0 0 rg BT 284.58 244.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 310.58 244.30 Td (to ) Tj ET Q q 0 0 0 rg BT 318.82 244.30 Td (earn ) Tj ET Q q 0 0 0 rg BT 334.59 244.30 Td (a ) Tj ET Q q 0 0 0 rg BT 340.16 244.30 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 376.83 244.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 408.16 244.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 423.94 244.30 Td (award ) Tj ET Q q 0 0 0 rg BT 445.50 244.30 Td (for ) Tj ET Q q 0 0 0 rg BT 456.83 244.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 474.85 244.30 Td (of ) Tj ET Q q 0 0 0 rg BT 483.52 244.30 Td (up ) Tj ET Q q 0 0 0 rg BT 493.53 244.30 Td (to ) Tj ET Q q 0 0 0 rg BT 501.76 244.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 518.00 244.30 Td (1,800,000 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 234.70 Td (based ) Tj ET Q q 0 0 0 rg BT 70.21 234.70 Td (on ) Tj ET Q q 0 0 0 rg BT 80.21 234.70 Td (the ) Tj ET Q q 0 0 0 rg BT 91.99 234.70 Td (achievement ) Tj ET Q q 0 0 0 rg BT 134.41 234.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.07 234.70 Td (these ) Tj ET Q q 0 0 0 rg BT 161.51 234.70 Td (tar) Tj ET Q q 0 0 0 rg BT 169.80 234.70 Td (gets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (For ) Tj ET Q q 0 0 0 rg BT 63.37 219.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 83.63 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.65 219.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 135.68 219.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.92 219.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 208.59 219.10 Td (tar) Tj ET Q q 0 0 0 rg BT 216.88 219.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 232.03 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.95 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.97 219.10 Td (former ) Tj ET Q q 0 0 0 rg BT 277.00 219.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 297.03 219.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 329.05 219.10 Td (Of) Tj ET Q q 0 0 0 rg BT 337.35 219.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 354.26 219.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 386.29 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.21 219.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 439.68 219.10 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 472.60 219.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 497.49 219.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.74 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.55 219.10 Td (Direct ) Tj ET Q q 0 0 0 rg BT 535.79 219.10 Td (Free ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 209.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 67.90 209.50 Td (Flow ) Tj ET Q q 0 0 0 rg BT 86.24 209.50 Td (and ) Tj ET Q q 0 0 0 rg BT 99.69 209.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 135.36 209.50 Td (and ) Tj ET Q q 0 0 0 rg BT 148.80 209.50 Td (individual ) Tj ET Q q 0 0 0 rg BT 183.14 209.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 225.46 209.50 Td (tar) Tj ET Q q 0 0 0 rg BT 233.75 209.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 248.54 209.50 Td (included ) Tj ET Q q 0 0 0 rg BT 277.98 209.50 Td (delivering ) Tj ET Q q 0 0 0 rg BT 312.31 209.50 Td (annualized ) Tj ET Q q 0 0 0 rg BT 348.86 209.50 Td (savings ) Tj ET Q q 0 0 0 rg BT 374.75 209.50 Td (from ) Tj ET Q q 0 0 0 rg BT 392.20 209.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 434.97 209.50 Td (of ) Tj ET Q q 0 0 0 rg BT 443.54 209.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 459.66 209.50 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 475.56 209.50 Td (million; ) Tj ET Q q 0 0 0 rg BT 502.79 209.50 Td (achieving ) Tj ET Q q 0 0 0 rg BT 535.79 209.50 Td (total ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 199.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 68.15 199.90 Td (of ) Tj ET Q q 0 0 0 rg BT 76.96 199.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 93.34 199.90 Td (666.0 ) Tj ET Q q 0 0 0 rg BT 113.48 199.90 Td (million ) Tj ET Q q 0 0 0 rg BT 138.75 199.90 Td (and ) Tj ET Q q 0 0 0 rg BT 152.45 199.90 Td (completing ) Tj ET Q q 0 0 0 rg BT 190.59 199.90 Td (a ) Tj ET Q q 0 0 0 rg BT 196.29 199.90 Td (financing. ) Tj ET Q q 0 0 0 rg BT 230.49 199.90 Td (The ) Tj ET Q q 0 0 0 rg BT 245.08 199.90 Td (former ) Tj ET Q q 0 0 0 rg BT 268.99 199.90 Td (Chief ) Tj ET Q q 0 0 0 rg BT 288.91 199.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 320.83 199.90 Td (Of) Tj ET Q q 0 0 0 rg BT 329.13 199.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 345.93 199.90 Td (was ) Tj ET Q q 0 0 0 rg BT 360.52 199.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 386.66 199.90 Td (to ) Tj ET Q q 0 0 0 rg BT 395.03 199.90 Td (earn ) Tj ET Q q 0 0 0 rg BT 410.94 199.90 Td (a ) Tj ET Q q 0 0 0 rg BT 416.64 199.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 453.45 199.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 484.92 199.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 500.84 199.90 Td (award ) Tj ET Q q 0 0 0 rg BT 522.53 199.90 Td (for ) Tj ET Q q 0 0 0 rg BT 534.01 199.90 Td (2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 190.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 190.30 Td (up ) Tj ET Q q 0 0 0 rg BT 68.66 190.30 Td (to ) Tj ET Q q 0 0 0 rg BT 76.89 190.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 125.09 190.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 141.32 190.30 Td (580,850 ) Tj ET Q q 0 0 0 rg BT 169.32 190.30 Td (based ) Tj ET Q q 0 0 0 rg BT 189.54 190.30 Td (on ) Tj ET Q q 0 0 0 rg BT 199.54 190.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.31 190.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 253.73 190.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.39 190.30 Td (these ) Tj ET Q q 0 0 0 rg BT 280.83 190.30 Td (tar) Tj ET Q q 0 0 0 rg BT 289.13 190.30 Td (gets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.16 174.70 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 103.64 174.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.34 174.70 Td (and ) Tj ET Q q 0 0 0 rg BT 146.61 174.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 178.54 174.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 220.68 174.70 Td (tar) Tj ET Q q 0 0 0 rg BT 228.97 174.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 243.58 174.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.96 174.70 Td (the ) Tj ET Q q 0 0 0 rg BT 263.45 174.70 Td (former ) Tj ET Q q 0 0 0 rg BT 286.94 174.70 Td (EVP) Tj ET Q q 0 0 0 rg BT 301.75 174.70 Td ( ) Tj ET Q q 0 0 0 rg BT 303.47 174.70 Td (- ) Tj ET Q q 0 0 0 rg BT 307.86 174.70 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 338.01 174.70 Td (Planning ) Tj ET Q q 0 0 0 rg BT 368.17 174.70 Td (and ) Tj ET Q q 0 0 0 rg BT 381.44 174.70 Td (Operations ) Tj ET Q q 0 0 0 rg BT 418.26 174.70 Td (were ) Tj ET Q q 0 0 0 rg BT 435.52 174.70 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 479.46 174.70 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 511.84 174.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 536.73 174.70 Td ( ) Tj ET Q q 0 0 0 rg BT 538.45 174.70 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (Direct ) Tj ET Q q 0 0 0 rg BT 71.96 165.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 88.15 165.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 106.12 165.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 124.54 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.07 165.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 173.80 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.33 165.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 221.74 165.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 264.13 165.10 Td (tar) Tj ET Q q 0 0 0 rg BT 272.43 165.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 287.29 165.10 Td (included ) Tj ET Q q 0 0 0 rg BT 316.80 165.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 349.88 165.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 370.51 165.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.14 165.10 Td (prime ) Tj ET Q q 0 0 0 rg BT 399.78 165.10 Td (time ) Tj ET Q q 0 0 0 rg BT 415.97 165.10 Td (audience ) Tj ET Q q 0 0 0 rg BT 446.37 165.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 470.33 165.10 Td (local ) Tj ET Q q 0 0 0 rg BT 487.85 165.10 Td (product ) Tj ET Q q 0 0 0 rg BT 514.26 165.10 Td (hours ) Tj ET Q q 0 0 0 rg BT 534.01 165.10 Td (daily ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 155.50 Td (unique ) Tj ET Q q 0 0 0 rg BT 73.97 155.50 Td (visitors ) Tj ET Q q 0 0 0 rg BT 99.72 155.50 Td (and ) Tj ET Q q 0 0 0 rg BT 113.46 155.50 Td (subscribers; ) Tj ET Q q 0 0 0 rg BT 153.87 155.50 Td (delivering ) Tj ET Q q 0 0 0 rg BT 188.50 155.50 Td (annualized ) Tj ET Q q 0 0 0 rg BT 225.34 155.50 Td (savings ) Tj ET Q q 0 0 0 rg BT 251.53 155.50 Td (from ) Tj ET Q q 0 0 0 rg BT 269.28 155.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 312.35 155.50 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 155.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 337.62 155.50 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 353.82 155.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 381.12 155.50 Td (achieving ) Tj ET Q q 0 0 0 rg BT 414.41 155.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 445.04 155.50 Td (of ) Tj ET Q q 0 0 0 rg BT 453.89 155.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 470.31 155.50 Td (791.0 ) Tj ET Q q 0 0 0 rg BT 490.51 155.50 Td (million ) Tj ET Q q 0 0 0 rg BT 515.81 155.50 Td (and ) Tj ET Q q 0 0 0 rg BT 529.56 155.50 Td (higher ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.59 145.90 Td (prices; ) Tj ET Q q 0 0 0 rg BT 110.96 145.90 Td (achieving ) Tj ET Q q 0 0 0 rg BT 144.11 145.90 Td (total ) Tj ET Q q 0 0 0 rg BT 160.37 145.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 178.42 145.90 Td (of ) Tj ET Q q 0 0 0 rg BT 187.13 145.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 203.40 145.90 Td (666.0 ) Tj ET Q q 0 0 0 rg BT 223.45 145.90 Td (million ) Tj ET Q q 0 0 0 rg BT 248.60 145.90 Td (and ) Tj ET Q q 0 0 0 rg BT 262.20 145.90 Td (completing ) Tj ET Q q 0 0 0 rg BT 300.24 145.90 Td (a ) Tj ET Q q 0 0 0 rg BT 305.84 145.90 Td (financing. ) Tj ET Q q 0 0 0 rg BT 339.94 145.90 Td (The ) Tj ET Q q 0 0 0 rg BT 354.43 145.90 Td (former ) Tj ET Q q 0 0 0 rg BT 378.24 145.90 Td (EVP) Tj ET Q q 0 0 0 rg BT 393.06 145.90 Td ( ) Tj ET Q q 0 0 0 rg BT 395.10 145.90 Td (- ) Tj ET Q q 0 0 0 rg BT 399.81 145.90 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 430.29 145.90 Td (Planning ) Tj ET Q q 0 0 0 rg BT 460.78 145.90 Td (and ) Tj ET Q q 0 0 0 rg BT 474.38 145.90 Td (Operations ) Tj ET Q q 0 0 0 rg BT 511.53 145.90 Td (was ) Tj ET Q q 0 0 0 rg BT 526.01 145.90 Td (entitled ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 136.30 Td (to ) Tj ET Q q 0 0 0 rg BT 58.22 136.30 Td (earn ) Tj ET Q q 0 0 0 rg BT 73.99 136.30 Td (a ) Tj ET Q q 0 0 0 rg BT 79.54 136.30 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 116.20 136.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 147.52 136.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 163.29 136.30 Td (award ) Tj ET Q q 0 0 0 rg BT 184.84 136.30 Td (for ) Tj ET Q q 0 0 0 rg BT 196.16 136.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 214.16 136.30 Td (of ) Tj ET Q q 0 0 0 rg BT 222.83 136.30 Td (up ) Tj ET Q q 0 0 0 rg BT 232.83 136.30 Td (to ) Tj ET Q q 0 0 0 rg BT 241.05 136.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 289.26 136.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 305.48 136.30 Td (515,588 ) Tj ET Q q 0 0 0 rg BT 333.48 136.30 Td (based ) Tj ET Q q 0 0 0 rg BT 353.70 136.30 Td (on ) Tj ET Q q 0 0 0 rg BT 363.70 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.47 136.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 417.89 136.30 Td (of ) Tj ET Q q 0 0 0 rg BT 426.56 136.30 Td (these ) Tj ET Q q 0 0 0 rg BT 445.00 136.30 Td (tar) Tj ET Q q 0 0 0 rg BT 453.29 136.30 Td (gets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 120.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.36 120.70 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 100.05 120.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 129.96 120.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 172.31 120.70 Td (tar) Tj ET Q q 0 0 0 rg BT 180.60 120.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 195.41 120.70 Td (of ) Tj ET Q q 0 0 0 rg BT 204.00 120.70 Td (the ) Tj ET Q q 0 0 0 rg BT 215.70 120.70 Td (General ) Tj ET Q q 0 0 0 rg BT 242.95 120.70 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 271.09 120.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 302.79 120.70 Td (of ) Tj ET Q q 0 0 0 rg BT 311.38 120.70 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 355.53 120.70 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 388.11 120.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 413.00 120.70 Td ( ) Tj ET Q q 0 0 0 rg BT 414.93 120.70 Td (and ) Tj ET Q q 0 0 0 rg BT 428.41 120.70 Td (Direct ) Tj ET Q q 0 0 0 rg BT 450.32 120.70 Td (Free ) Tj ET Q q 0 0 0 rg BT 466.46 120.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 484.39 120.70 Td (Flow ) Tj ET Q q 0 0 0 rg BT 502.76 120.70 Td (and ) Tj ET Q q 0 0 0 rg BT 516.24 120.70 Td (qualitative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 64.22 111.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 99.33 111.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 142.42 111.10 Td (tar) Tj ET Q q 0 0 0 rg BT 150.71 111.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 166.27 111.10 Td (included ) Tj ET Q q 0 0 0 rg BT 196.49 111.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 231.59 111.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 268.91 111.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 295.58 111.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.80 111.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 357.34 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.68 111.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 383.57 111.10 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 400.24 111.10 Td (million; ) Tj ET Q q 0 0 0 rg BT 428.25 111.10 Td (completing ) Tj ET Q q 0 0 0 rg BT 466.91 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.13 111.10 Td (financing; ) Tj ET Q q 0 0 0 rg BT 508.24 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.46 111.10 Td (ensuring ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 101.50 Td (ef) Tj ET Q q 0 0 0 rg BT 56.07 101.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 79.27 101.50 Td (legal ) Tj ET Q q 0 0 0 rg BT 96.26 101.50 Td (services ) Tj ET Q q 0 0 0 rg BT 123.46 101.50 Td (are ) Tj ET Q q 0 0 0 rg BT 134.67 101.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 165.87 101.50 Td (in ) Tj ET Q q 0 0 0 rg BT 173.53 101.50 Td (support ) Tj ET Q q 0 0 0 rg BT 198.97 101.50 Td (of ) Tj ET Q q 0 0 0 rg BT 207.07 101.50 Td (the ) Tj ET Q q 0 0 0 rg BT 218.29 101.50 Td (Company) Tj ET Q q 0 0 0 rg BT 251.62 101.50 Td (s ) Tj ET Q q 0 0 0 rg BT 256.17 101.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 290.94 101.50 Td (and ) Tj ET Q q 0 0 0 rg BT 303.93 101.50 Td (business ) Tj ET Q q 0 0 0 rg BT 332.48 101.50 Td (strategies ) Tj ET Q q 0 0 0 rg BT 364.13 101.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.12 101.50 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 406.11 101.50 Td (the ) Tj ET Q q 0 0 0 rg BT 417.32 101.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 449.87 101.50 Td (ef) Tj ET Q q 0 0 0 rg BT 455.94 101.50 Td (fectively ) Tj ET Q q 0 0 0 rg BT 485.37 101.50 Td (fulfills ) Tj ET Q q 0 0 0 rg BT 508.14 101.50 Td (its ) Tj ET Q q 0 0 0 rg BT 517.13 101.50 Td (regulatory ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 91.90 Td (and ) Tj ET Q q 0 0 0 rg BT 63.33 91.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 101.99 91.90 Td (goals; ) Tj ET Q q 0 0 0 rg BT 122.88 91.90 Td (and ) Tj ET Q q 0 0 0 rg BT 136.21 91.90 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 181.54 91.90 Td (the ) Tj ET Q q 0 0 0 rg BT 193.10 91.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 221.53 91.90 Td (of ) Tj ET Q q 0 0 0 rg BT 229.97 91.90 Td (the ) Tj ET Q q 0 0 0 rg BT 241.53 91.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 273.51 91.90 Td (legal ) Tj ET Q q 0 0 0 rg BT 290.84 91.90 Td (department. ) Tj ET Q q 0 0 0 rg BT 330.48 91.90 Td (The ) Tj ET Q q 0 0 0 rg BT 344.70 91.90 Td (General ) Tj ET Q q 0 0 0 rg BT 371.80 91.90 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 399.80 91.90 Td (was ) Tj ET Q q 0 0 0 rg BT 414.03 91.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 439.80 91.90 Td (to ) Tj ET Q q 0 0 0 rg BT 447.81 91.90 Td (earn ) Tj ET Q q 0 0 0 rg BT 463.35 91.90 Td (a ) Tj ET Q q 0 0 0 rg BT 468.69 91.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 505.13 91.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 536.23 91.90 Td (plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 82.30 Td (award ) Tj ET Q q 0 0 0 rg BT 71.54 82.30 Td (for ) Tj ET Q q 0 0 0 rg BT 82.87 82.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 100.87 82.30 Td (of ) Tj ET Q q 0 0 0 rg BT 109.54 82.30 Td (up ) Tj ET Q q 0 0 0 rg BT 119.54 82.30 Td (to ) Tj ET Q q 0 0 0 rg BT 127.76 82.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 175.96 82.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 192.19 82.30 Td (523,765 ) Tj ET Q q 0 0 0 rg BT 220.19 82.30 Td (based ) Tj ET Q q 0 0 0 rg BT 240.41 82.30 Td (on ) Tj ET Q q 0 0 0 rg BT 250.41 82.30 Td (the ) Tj ET Q q 0 0 0 rg BT 262.18 82.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 304.60 82.30 Td (of ) Tj ET Q q 0 0 0 rg BT 313.27 82.30 Td (these ) Tj ET Q q 0 0 0 rg BT 331.70 82.30 Td (tar) Tj ET Q q 0 0 0 rg BT 340.00 82.30 Td (gets.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (97) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.69 743.50 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 104.71 743.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.96 743.50 Td (tar) Tj ET Q q 0 0 0 rg BT 143.25 743.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 158.39 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 167.31 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.34 743.50 Td (acting ) Tj ET Q q 0 0 0 rg BT 201.14 743.50 Td (CFO ) Tj ET Q q 0 0 0 rg BT 218.96 743.50 Td (consisted ) Tj ET Q q 0 0 0 rg BT 250.99 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 259.91 743.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 304.38 743.50 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 337.30 743.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 362.19 743.50 Td ( ) Tj ET Q q 0 0 0 rg BT 364.45 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 378.25 743.50 Td (Direct ) Tj ET Q q 0 0 0 rg BT 400.50 743.50 Td (Free ) Tj ET Q q 0 0 0 rg BT 416.97 743.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 435.22 743.50 Td (Flow ) Tj ET Q q 0 0 0 rg BT 453.93 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 467.74 743.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 503.76 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 517.56 743.50 Td (individual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 92.25 733.90 Td (goals ) Tj ET Q q 0 0 0 rg BT 110.96 733.90 Td (included ) Tj ET Q q 0 0 0 rg BT 140.34 733.90 Td (delivering ) Tj ET Q q 0 0 0 rg BT 174.60 733.90 Td (annualized ) Tj ET Q q 0 0 0 rg BT 211.07 733.90 Td (savings ) Tj ET Q q 0 0 0 rg BT 236.90 733.90 Td (from ) Tj ET Q q 0 0 0 rg BT 254.28 733.90 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 296.98 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 305.48 733.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 321.53 733.90 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 337.36 733.90 Td (million; ) Tj ET Q q 0 0 0 rg BT 364.52 733.90 Td (achieving ) Tj ET Q q 0 0 0 rg BT 397.45 733.90 Td (total ) Tj ET Q q 0 0 0 rg BT 413.50 733.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.32 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 439.82 733.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 455.87 733.90 Td (666.0 ) Tj ET Q q 0 0 0 rg BT 475.70 733.90 Td (million ) Tj ET Q q 0 0 0 rg BT 500.64 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 514.02 733.90 Td (completing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 55.57 724.30 Td (financing. ) Tj ET Q q 0 0 0 rg BT 89.66 724.30 Td (The ) Tj ET Q q 0 0 0 rg BT 104.11 724.30 Td (acting ) Tj ET Q q 0 0 0 rg BT 125.68 724.30 Td (CFO ) Tj ET Q q 0 0 0 rg BT 143.27 724.30 Td (was ) Tj ET Q q 0 0 0 rg BT 157.73 724.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 183.74 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 191.98 724.30 Td (earn ) Tj ET Q q 0 0 0 rg BT 207.77 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 213.34 724.30 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 250.02 724.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 281.36 724.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 297.16 724.30 Td (award ) Tj ET Q q 0 0 0 rg BT 318.72 724.30 Td (for ) Tj ET Q q 0 0 0 rg BT 330.07 724.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 348.09 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 356.77 724.30 Td (up ) Tj ET Q q 0 0 0 rg BT 366.79 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 375.04 724.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 423.26 724.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 439.51 724.30 Td (199,483 ) Tj ET Q q 0 0 0 rg BT 467.53 724.30 Td (based ) Tj ET Q q 0 0 0 rg BT 487.77 724.30 Td (on ) Tj ET Q q 0 0 0 rg BT 497.79 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 509.58 724.30 Td (achievement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 714.70 Td (these ) Tj ET Q q 0 0 0 rg BT 77.10 714.70 Td (tar) Tj ET Q q 0 0 0 rg BT 85.39 714.70 Td (gets.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.88 699.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 95.31 699.10 Td (tar) Tj ET Q q 0 0 0 rg BT 103.61 699.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 118.94 699.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 152.04 699.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.25 699.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 198.69 699.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.36 699.10 Td (key ) Tj ET Q q 0 0 0 rg BT 229.36 699.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 261.57 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.79 699.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 307.34 699.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 323.56 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.23 699.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 361.32 699.10 Td (its ) Tj ET Q q 0 0 0 rg BT 371.33 699.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 414.19 699.10 Td (on ) Tj ET Q q 0 0 0 rg BT 424.64 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.63 699.10 Td (Company-wide ) Tj ET Q q 0 0 0 rg BT 482.40 699.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 502.67 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 517.55 699.10 Td (individual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 92.91 689.50 Td (tar) Tj ET Q q 0 0 0 rg BT 101.21 689.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 116.59 689.50 Td (have ) Tj ET Q q 0 0 0 rg BT 134.18 689.50 Td (been ) Tj ET Q q 0 0 0 rg BT 151.78 689.50 Td (tailored ) Tj ET Q q 0 0 0 rg BT 178.71 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 187.43 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 199.70 689.50 Td (role ) Tj ET Q q 0 0 0 rg BT 214.63 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 223.79 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 236.06 689.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 264.31 689.50 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 292.14 689.50 Td (Named ) Tj ET Q q 0 0 0 rg BT 317.73 689.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 352.21 689.50 Td (Of) Tj ET Q q 0 0 0 rg BT 360.51 689.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 377.66 689.50 Td (and ) Tj ET Q q 0 0 0 rg BT 391.70 689.50 Td (were ) Tj ET Q q 0 0 0 rg BT 409.74 689.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 440.67 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 449.39 689.50 Td (support ) Tj ET Q q 0 0 0 rg BT 475.89 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 488.16 689.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 531.07 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.23 689.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.90 Td (Company) Tj ET Q q 0 0 0 rg BT 83.33 679.90 Td (s ) Tj ET Q q 0 0 0 rg BT 88.45 679.90 Td (strategic ) Tj ET Q q 0 0 0 rg BT 117.54 679.90 Td (objectives.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 664.30 Td (Determining ) Tj ET Q q 0 0 0 rg BT 92.29 664.30 Td (A) Tj ET Q q 0 0 0 rg BT 96.74 664.30 Td (war) Tj ET Q q 0 0 0 rg BT 108.89 664.30 Td (ds) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 648.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.07 648.70 Td (achievement ) Tj ET Q q 0 0 0 rg BT 106.13 648.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.42 648.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.04 648.70 Td (tar) Tj ET Q q 0 0 0 rg BT 152.34 648.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 166.86 648.70 Td (is ) Tj ET Q q 0 0 0 rg BT 173.83 648.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 206.11 648.70 Td (against ) Tj ET Q q 0 0 0 rg BT 230.41 648.70 Td (the ) Tj ET Q q 0 0 0 rg BT 241.81 648.70 Td (results ) Tj ET Q q 0 0 0 rg BT 264.33 648.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 295.73 648.70 Td (by ) Tj ET Q q 0 0 0 rg BT 305.36 648.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.77 648.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.51 648.70 Td (in ) Tj ET Q q 0 0 0 rg BT 357.37 648.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 381.66 648.70 Td (of ) Tj ET Q q 0 0 0 rg BT 389.95 648.70 Td (such ) Tj ET Q q 0 0 0 rg BT 406.25 648.70 Td (tar) Tj ET Q q 0 0 0 rg BT 414.54 648.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 429.07 648.70 Td (for ) Tj ET Q q 0 0 0 rg BT 440.03 648.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 459.66 648.70 Td (translated ) Tj ET Q q 0 0 0 rg BT 492.39 648.70 Td (where ) Tj ET Q q 0 0 0 rg BT 513.57 648.70 Td (appropriate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 639.10 Td (at ) Tj ET Q q 0 0 0 rg BT 57.96 639.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.34 639.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 107.62 639.10 Td (used ) Tj ET Q q 0 0 0 rg BT 124.47 639.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.87 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.83 639.10 Td (Company) Tj ET Q q 0 0 0 rg BT 178.16 639.10 Td (s ) Tj ET Q q 0 0 0 rg BT 183.46 639.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 201.64 639.10 Td (budget. ) Tj ET Q q 0 0 0 rg BT 227.59 639.10 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 260.43 639.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 292.82 639.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 310.10 639.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.05 639.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 347.78 639.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.18 639.10 Td (order ) Tj ET Q q 0 0 0 rg BT 375.24 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.65 639.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 410.70 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.66 639.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 446.61 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.46 639.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 480.74 639.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 513.12 639.10 Td (movements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 629.50 Td (on ) Tj ET Q q 0 0 0 rg BT 59.88 629.50 Td (performance. ) Tj ET Q q 0 0 0 rg BT 104.03 629.50 Td (The ) Tj ET Q q 0 0 0 rg BT 118.35 629.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 160.65 629.50 Td (of ) Tj ET Q q 0 0 0 rg BT 169.19 629.50 Td (individual ) Tj ET Q q 0 0 0 rg BT 203.50 629.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 245.80 629.50 Td (tar) Tj ET Q q 0 0 0 rg BT 254.09 629.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 268.85 629.50 Td (are, ) Tj ET Q q 0 0 0 rg BT 282.49 629.50 Td (as ) Tj ET Q q 0 0 0 rg BT 291.03 629.50 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 327.78 629.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 360.31 629.50 Td (against ) Tj ET Q q 0 0 0 rg BT 384.85 629.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 405.82 629.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 448.11 629.50 Td (of ) Tj ET Q q 0 0 0 rg BT 456.65 629.50 Td (the ) Tj ET Q q 0 0 0 rg BT 468.30 629.50 Td (business ) Tj ET Q q 0 0 0 rg BT 497.29 629.50 Td (or ) Tj ET Q q 0 0 0 rg BT 505.83 629.50 Td (based ) Tj ET Q q 0 0 0 rg BT 525.92 629.50 Td (on ) Tj ET Q q 0 0 0 rg BT 535.80 629.50 Td (self-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 619.90 Td (assessments ) Tj ET Q q 0 0 0 rg BT 90.71 619.90 Td (by ) Tj ET Q q 0 0 0 rg BT 100.76 619.90 Td (the ) Tj ET Q q 0 0 0 rg BT 112.58 619.90 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 139.96 619.90 Td (Named ) Tj ET Q q 0 0 0 rg BT 165.11 619.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 199.14 619.90 Td (Of) Tj ET Q q 0 0 0 rg BT 207.44 619.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 224.14 619.90 Td (that ) Tj ET Q q 0 0 0 rg BT 238.18 619.90 Td (are ) Tj ET Q q 0 0 0 rg BT 249.99 619.90 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 281.36 619.90 Td (by ) Tj ET Q q 0 0 0 rg BT 291.41 619.90 Td (the ) Tj ET Q q 0 0 0 rg BT 303.23 619.90 Td (co-CEOs ) Tj ET Q q 0 0 0 rg BT 334.60 619.90 Td (who ) Tj ET Q q 0 0 0 rg BT 350.43 619.90 Td (make ) Tj ET Q q 0 0 0 rg BT 369.80 619.90 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 428.72 619.90 Td (to ) Tj ET Q q 0 0 0 rg BT 436.99 619.90 Td (the ) Tj ET Q q 0 0 0 rg BT 448.81 619.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 497.08 619.90 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 536.22 619.90 Td (Any ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 610.30 Td (award ) Tj ET Q q 0 0 0 rg BT 71.54 610.30 Td (of ) Tj ET Q q 0 0 0 rg BT 80.21 610.30 Td (a ) Tj ET Q q 0 0 0 rg BT 85.76 610.30 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 122.42 610.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 153.74 610.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 200.17 610.30 Td (award ) Tj ET Q q 0 0 0 rg BT 221.71 610.30 Td (for ) Tj ET Q q 0 0 0 rg BT 233.04 610.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 251.04 610.30 Td (was ) Tj ET Q q 0 0 0 rg BT 265.48 610.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.14 610.30 Td (to ) Tj ET Q q 0 0 0 rg BT 298.37 610.30 Td (achieving ) Tj ET Q q 0 0 0 rg BT 331.46 610.30 Td (the ) Tj ET Q q 0 0 0 rg BT 343.24 610.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 368.13 610.30 Td ( ) Tj ET Q q 0 0 0 rg BT 369.98 610.30 Td (Threshold, ) Tj ET Q q 0 0 0 rg BT 406.42 610.30 Td (which ) Tj ET Q q 0 0 0 rg BT 427.97 610.30 Td (was ) Tj ET Q q 0 0 0 rg BT 442.41 610.30 Td (not ) Tj ET Q q 0 0 0 rg BT 454.64 610.30 Td (achieved.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 594.70 Td (While ) Tj ET Q q 0 0 0 rg BT 71.45 594.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 113.76 594.70 Td (tar) Tj ET Q q 0 0 0 rg BT 122.05 594.70 Td (gets ) Tj ET Q q 0 0 0 rg BT 136.84 594.70 Td (form ) Tj ET Q q 0 0 0 rg BT 154.29 594.70 Td (the ) Tj ET Q q 0 0 0 rg BT 165.96 594.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 183.86 594.70 Td (for ) Tj ET Q q 0 0 0 rg BT 195.09 594.70 Td (awarding ) Tj ET Q q 0 0 0 rg BT 226.75 594.70 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 263.31 594.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 294.53 594.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 310.20 594.70 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 358.53 594.70 Td (the ) Tj ET Q q 0 0 0 rg BT 370.20 594.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 418.32 594.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 455.77 594.70 Td (believes ) Tj ET Q q 0 0 0 rg BT 483.88 594.70 Td (that ) Tj ET Q q 0 0 0 rg BT 497.77 594.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 529.89 594.70 Td (is ) Tj ET Q q 0 0 0 rg BT 537.13 594.70 Td (also ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (an ) Tj ET Q q 0 0 0 rg BT 59.69 585.10 Td (important ) Tj ET Q q 0 0 0 rg BT 92.94 585.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 113.73 585.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.43 585.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.34 585.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 187.70 585.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 225.39 585.10 Td (can ) Tj ET Q q 0 0 0 rg BT 238.64 585.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 266.98 585.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 300.67 585.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.03 585.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 349.83 585.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 376.48 585.10 Td (This ) Tj ET Q q 0 0 0 rg BT 392.84 585.10 Td (is ) Tj ET Q q 0 0 0 rg BT 400.32 585.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 439.33 585.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 467.23 585.10 Td (following ) Tj ET Q q 0 0 0 rg BT 500.48 585.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.40 585.10 Td (onset ) Tj ET Q q 0 0 0 rg BT 531.43 585.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.23 585.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 575.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 80.49 575.50 Td (crisis ) Tj ET Q q 0 0 0 rg BT 99.88 575.50 Td (in ) Tj ET Q q 0 0 0 rg BT 108.60 575.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.88 575.50 Td (economies ) Tj ET Q q 0 0 0 rg BT 157.59 575.50 Td (of ) Tj ET Q q 0 0 0 rg BT 166.76 575.50 Td (Central ) Tj ET Q q 0 0 0 rg BT 192.81 575.50 Td (and ) Tj ET Q q 0 0 0 rg BT 206.86 575.50 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 233.35 575.50 Td (Europe ) Tj ET Q q 0 0 0 rg BT 258.96 575.50 Td (in ) Tj ET Q q 0 0 0 rg BT 267.68 575.50 Td (late ) Tj ET Q q 0 0 0 rg BT 281.73 575.50 Td (2008. ) Tj ET Q q 0 0 0 rg BT 302.06 575.50 Td (The ) Tj ET Q q 0 0 0 rg BT 317.00 575.50 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 351.94 575.50 Td (period ) Tj ET Q q 0 0 0 rg BT 374.88 575.50 Td (over ) Tj ET Q q 0 0 0 rg BT 391.60 575.50 Td (which ) Tj ET Q q 0 0 0 rg BT 413.65 575.50 Td (television ) Tj ET Q q 0 0 0 rg BT 447.26 575.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 485.31 575.50 Td (spending ) Tj ET Q q 0 0 0 rg BT 516.70 575.50 Td (contracted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 565.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 83.23 565.90 Td (into ) Tj ET Q q 0 0 0 rg BT 97.36 565.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 115.04 565.90 Td (as ) Tj ET Q q 0 0 0 rg BT 123.39 565.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 143.73 565.90 Td (of ) Tj ET Q q 0 0 0 rg BT 152.08 565.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 189.31 565.90 Td (spending ) Tj ET Q q 0 0 0 rg BT 219.88 565.90 Td (remained ) Tj ET Q q 0 0 0 rg BT 251.32 565.90 Td (low ) Tj ET Q q 0 0 0 rg BT 265.00 565.90 Td (in ) Tj ET Q q 0 0 0 rg BT 272.91 565.90 Td (response ) Tj ET Q q 0 0 0 rg BT 302.58 565.90 Td (to ) Tj ET Q q 0 0 0 rg BT 310.49 565.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 337.49 565.90 Td (consumer ) Tj ET Q q 0 0 0 rg BT 370.27 565.90 Td (demand. ) Tj ET Q q 0 0 0 rg BT 399.28 565.90 Td (In ) Tj ET Q q 0 0 0 rg BT 407.62 565.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 437.53 565.90 Td (the ) Tj ET Q q 0 0 0 rg BT 448.98 565.90 Td (Company) Tj ET Q q 0 0 0 rg BT 482.31 565.90 Td (s ) Tj ET Q q 0 0 0 rg BT 487.11 565.90 Td (attempts ) Tj ET Q q 0 0 0 rg BT 515.90 565.90 Td (to ) Tj ET Q q 0 0 0 rg BT 523.80 565.90 Td (increase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 556.30 Td (television ) Tj ET Q q 0 0 0 rg BT 82.64 556.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 119.72 556.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 140.35 556.30 Td (in ) Tj ET Q q 0 0 0 rg BT 148.11 556.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 165.64 556.30 Td (in ) Tj ET Q q 0 0 0 rg BT 173.39 556.30 Td (the ) Tj ET Q q 0 0 0 rg BT 184.70 556.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 206.22 556.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 236.63 556.30 Td (met ) Tj ET Q q 0 0 0 rg BT 250.16 556.30 Td (with ) Tj ET Q q 0 0 0 rg BT 265.92 556.30 Td (substantial ) Tj ET Q q 0 0 0 rg BT 301.67 556.30 Td (resistance ) Tj ET Q q 0 0 0 rg BT 334.74 556.30 Td (from ) Tj ET Q q 0 0 0 rg BT 351.82 556.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 375.12 556.30 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 411.30 556.30 Td (and ) Tj ET Q q 0 0 0 rg BT 424.38 556.30 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 455.46 556.30 Td (which ) Tj ET Q q 0 0 0 rg BT 476.54 556.30 Td (resulted ) Tj ET Q q 0 0 0 rg BT 503.39 556.30 Td (in ) Tj ET Q q 0 0 0 rg BT 511.15 556.30 Td (a ) Tj ET Q q 0 0 0 rg BT 516.23 556.30 Td (significant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 546.70 Td (decline ) Tj ET Q q 0 0 0 rg BT 75.11 546.70 Td (in ) Tj ET Q q 0 0 0 rg BT 83.34 546.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 113.79 546.70 Td (in ) Tj ET Q q 0 0 0 rg BT 122.02 546.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 140.03 546.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 173.58 546.70 Td (to ) Tj ET Q q 0 0 0 rg BT 181.82 546.70 Td (2012. ) Tj ET Q q 0 0 0 rg BT 201.68 546.70 Td (The ) Tj ET Q q 0 0 0 rg BT 216.13 546.70 Td (ef) Tj ET Q q 0 0 0 rg BT 222.20 546.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 236.20 546.70 Td (of ) Tj ET Q q 0 0 0 rg BT 244.88 546.70 Td (that ) Tj ET Q q 0 0 0 rg BT 258.89 546.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 291.11 546.70 Td (environment ) Tj ET Q q 0 0 0 rg BT 333.55 546.70 Td (together ) Tj ET Q q 0 0 0 rg BT 361.78 546.70 Td (with ) Tj ET Q q 0 0 0 rg BT 378.01 546.70 Td (the ) Tj ET Q q 0 0 0 rg BT 389.80 546.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 413.58 546.70 Td (of ) Tj ET Q q 0 0 0 rg BT 422.25 546.70 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 459.36 546.70 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 512.46 546.70 Td (events ) Tj ET Q q 0 0 0 rg BT 534.91 546.70 Td (have ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (made ) Tj ET Q q 0 0 0 rg BT 69.47 537.10 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 107.15 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.84 537.10 Td (budgeting ) Tj ET Q q 0 0 0 rg BT 154.98 537.10 Td (much ) Tj ET Q q 0 0 0 rg BT 174.89 537.10 Td (more ) Tj ET Q q 0 0 0 rg BT 193.47 537.10 Td (challenging. ) Tj ET Q q 0 0 0 rg BT 234.46 537.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 273.93 537.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.07 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.99 537.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 338.35 537.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 376.04 537.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 394.62 537.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 418.52 537.10 Td (such ) Tj ET Q q 0 0 0 rg BT 435.33 537.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.14 537.10 Td (these ) Tj ET Q q 0 0 0 rg BT 462.71 537.10 Td (into ) Tj ET Q q 0 0 0 rg BT 477.30 537.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 522.54 537.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.23 537.10 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 527.50 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 87.05 527.50 Td (determine ) Tj ET Q q 0 0 0 rg BT 121.44 527.50 Td (ranges ) Tj ET Q q 0 0 0 rg BT 144.71 527.50 Td (or ) Tj ET Q q 0 0 0 rg BT 153.78 527.50 Td (absolute ) Tj ET Q q 0 0 0 rg BT 182.84 527.50 Td (numbers ) Tj ET Q q 0 0 0 rg BT 212.79 527.50 Td (above ) Tj ET Q q 0 0 0 rg BT 234.29 527.50 Td (or ) Tj ET Q q 0 0 0 rg BT 243.35 527.50 Td (below ) Tj ET Q q 0 0 0 rg BT 265.30 527.50 Td (which ) Tj ET Q q 0 0 0 rg BT 287.25 527.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 312.31 527.50 Td (may ) Tj ET Q q 0 0 0 rg BT 328.48 527.50 Td (be ) Tj ET Q q 0 0 0 rg BT 338.43 527.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 362.15 527.50 Td (in ) Tj ET Q q 0 0 0 rg BT 370.77 527.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 395.82 527.50 Td (of ) Tj ET Q q 0 0 0 rg BT 404.88 527.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 432.16 527.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 474.98 527.50 Td (tar) Tj ET Q q 0 0 0 rg BT 483.27 527.50 Td (gets. ) Tj ET Q q 0 0 0 rg BT 500.55 527.50 Td (In ) Tj ET Q q 0 0 0 rg BT 509.62 527.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 540.24 527.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 517.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 98.15 517.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 135.62 517.90 Td (may ) Tj ET Q q 0 0 0 rg BT 151.32 517.90 Td (also ) Tj ET Q q 0 0 0 rg BT 166.14 517.90 Td (award ) Tj ET Q q 0 0 0 rg BT 187.61 517.90 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 231.29 517.90 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 259.00 517.90 Td (or ) Tj ET Q q 0 0 0 rg BT 267.59 517.90 Td (establish ) Tj ET Q q 0 0 0 rg BT 297.51 517.90 Td (other ) Tj ET Q q 0 0 0 rg BT 315.88 517.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 358.22 517.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 382.80 517.90 Td (for ) Tj ET Q q 0 0 0 rg BT 394.05 517.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 424.42 517.90 Td (of ) Tj ET Q q 0 0 0 rg BT 433.01 517.90 Td (creating ) Tj ET Q q 0 0 0 rg BT 460.70 517.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 494.62 517.90 Td (incentives ) Tj ET Q q 0 0 0 rg BT 528.98 517.90 Td (for ) Tj ET Q q 0 0 0 rg BT 540.23 517.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 508.30 Td (achievement ) Tj ET Q q 0 0 0 rg BT 92.42 508.30 Td (of ) Tj ET Q q 0 0 0 rg BT 101.09 508.30 Td (specific ) Tj ET Q q 0 0 0 rg BT 127.96 508.30 Td (objectives ) Tj ET Q q 0 0 0 rg BT 162.39 508.30 Td (in ) Tj ET Q q 0 0 0 rg BT 170.62 508.30 Td (addition ) Tj ET Q q 0 0 0 rg BT 198.84 508.30 Td (to ) Tj ET Q q 0 0 0 rg BT 207.06 508.30 Td (the ) Tj ET Q q 0 0 0 rg BT 218.83 508.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 242.16 508.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 273.48 508.30 Td (plans.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 492.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 67.86 492.70 Td (A) Tj ET Q q 0 0 0 rg BT 72.30 492.70 Td (war) Tj ET Q q 0 0 0 rg BT 84.45 492.70 Td (ds ) Tj ET Q q 0 0 0 rg BT 93.57 492.70 Td (for ) Tj ET Q q 0 0 0 rg BT 104.90 492.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 129.57 492.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 162.65 492.70 Td (Officers) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.97 477.10 Td (Company) Tj ET Q q 0 0 0 rg BT 98.30 477.10 Td (s ) Tj ET Q q 0 0 0 rg BT 103.95 477.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.47 477.10 Td (results ) Tj ET Q q 0 0 0 rg BT 157.89 477.10 Td (for ) Tj ET Q q 0 0 0 rg BT 169.75 477.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 188.28 477.10 Td (were ) Tj ET Q q 0 0 0 rg BT 206.36 477.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 242.21 477.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 274.06 477.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 306.37 477.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.90 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.21 477.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 356.17 477.10 Td (reaction ) Tj ET Q q 0 0 0 rg BT 384.46 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.66 477.10 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 430.85 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.93 477.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 475.00 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.76 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.07 477.10 Td (initiative ) Tj ET Q q 0 0 0 rg BT 527.04 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.79 477.10 Td (increase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.50 Td (television ) Tj ET Q q 0 0 0 rg BT 83.72 467.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 121.88 467.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 143.60 467.50 Td (in ) Tj ET Q q 0 0 0 rg BT 152.44 467.50 Td (the ) Tj ET Q q 0 0 0 rg BT 164.83 467.50 Td (Czech ) Tj ET Q q 0 0 0 rg BT 187.44 467.50 Td (Republic, ) Tj ET Q q 0 0 0 rg BT 220.93 467.50 Td (which ) Tj ET Q q 0 0 0 rg BT 243.10 467.50 Td (resulted ) Tj ET Q q 0 0 0 rg BT 271.04 467.50 Td (in ) Tj ET Q q 0 0 0 rg BT 279.88 467.50 Td (their ) Tj ET Q q 0 0 0 rg BT 297.16 467.50 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 340.21 467.50 Td (or ) Tj ET Q q 0 0 0 rg BT 349.49 467.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 390.78 467.50 Td (advertising ) Tj ET Q q 0 0 0 rg BT 428.94 467.50 Td (from ) Tj ET Q q 0 0 0 rg BT 447.11 467.50 Td (the ) Tj ET Q q 0 0 0 rg BT 459.50 467.50 Td (Company) Tj ET Q q 0 0 0 rg BT 492.83 467.50 Td (s ) Tj ET Q q 0 0 0 rg BT 498.56 467.50 Td (channels ) Tj ET Q q 0 0 0 rg BT 529.16 467.50 Td (there. ) Tj ET Q q 0 0 0 rg BT 549.58 467.50 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 457.90 Td (reaction ) Tj ET Q q 0 0 0 rg BT 77.66 457.90 Td (by ) Tj ET Q q 0 0 0 rg BT 87.56 457.90 Td (advertisers ) Tj ET Q q 0 0 0 rg BT 124.11 457.90 Td (and ) Tj ET Q q 0 0 0 rg BT 137.56 457.90 Td (agencies ) Tj ET Q q 0 0 0 rg BT 167.00 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 175.12 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 457.90 Td (Czech ) Tj ET Q q 0 0 0 rg BT 208.68 457.90 Td (Republic ) Tj ET Q q 0 0 0 rg BT 239.47 457.90 Td (also ) Tj ET Q q 0 0 0 rg BT 254.25 457.90 Td (negatively ) Tj ET Q q 0 0 0 rg BT 289.47 457.90 Td (af) Tj ET Q q 0 0 0 rg BT 295.54 457.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 316.98 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 328.65 457.90 Td (behavior ) Tj ET Q q 0 0 0 rg BT 358.54 457.90 Td (of ) Tj ET Q q 0 0 0 rg BT 367.10 457.90 Td (clients ) Tj ET Q q 0 0 0 rg BT 389.89 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 398.01 457.90 Td (the ) Tj ET Q q 0 0 0 rg BT 409.68 457.90 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 433.80 457.90 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 466.45 457.90 Td (The ) Tj ET Q q 0 0 0 rg BT 480.79 457.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 510.22 457.90 Td (in ) Tj ET Q q 0 0 0 rg BT 518.34 457.90 Td (our ) Tj ET Q q 0 0 0 rg BT 530.90 457.90 Td (television ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.30 Td (advertising ) Tj ET Q q 0 0 0 rg BT 87.55 448.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 117.98 448.30 Td (was ) Tj ET Q q 0 0 0 rg BT 132.42 448.30 Td (only ) Tj ET Q q 0 0 0 rg BT 148.64 448.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 177.30 448.30 Td (of) Tj ET Q q 0 0 0 rg BT 183.82 448.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 197.37 448.30 Td (by ) Tj ET Q q 0 0 0 rg BT 207.37 448.30 Td (increases ) Tj ET Q q 0 0 0 rg BT 238.68 448.30 Td (in ) Tj ET Q q 0 0 0 rg BT 246.91 448.30 Td (carriage ) Tj ET Q q 0 0 0 rg BT 274.66 448.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 289.54 448.30 Td (in ) Tj ET Q q 0 0 0 rg BT 297.76 448.30 Td (Bulgaria ) Tj ET Q q 0 0 0 rg BT 327.31 448.30 Td (and ) Tj ET Q q 0 0 0 rg BT 340.86 448.30 Td (Romania.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 432.70 Td (Since ) Tj ET Q q 0 0 0 rg BT 69.94 432.70 Td (the ) Tj ET Q q 0 0 0 rg BT 81.87 432.70 Td (onset ) Tj ET Q q 0 0 0 rg BT 100.92 432.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.75 432.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.69 432.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.83 432.70 Td (crisis ) Tj ET Q q 0 0 0 rg BT 170.88 432.70 Td (at ) Tj ET Q q 0 0 0 rg BT 178.82 432.70 Td (the ) Tj ET Q q 0 0 0 rg BT 190.76 432.70 Td (end ) Tj ET Q q 0 0 0 rg BT 204.47 432.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.30 432.70 Td (2008, ) Tj ET Q q 0 0 0 rg BT 233.46 432.70 Td (the ) Tj ET Q q 0 0 0 rg BT 245.40 432.70 Td (television ) Tj ET Q q 0 0 0 rg BT 278.67 432.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 316.38 432.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 343.86 432.70 Td (in ) Tj ET Q q 0 0 0 rg BT 352.25 432.70 Td (which ) Tj ET Q q 0 0 0 rg BT 373.96 432.70 Td (the ) Tj ET Q q 0 0 0 rg BT 385.90 432.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 419.17 432.70 Td (operates ) Tj ET Q q 0 0 0 rg BT 447.99 432.70 Td (contracted ) Tj ET Q q 0 0 0 rg BT 483.46 432.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 525.62 432.70 Td (in ) Tj ET Q q 0 0 0 rg BT 534.00 432.70 Td (response ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 57.93 423.10 Td (sharply ) Tj ET Q q 0 0 0 rg BT 83.18 423.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 110.20 423.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 143.00 423.10 Td (demand. ) Tj ET Q q 0 0 0 rg BT 171.66 423.10 Td (After ) Tj ET Q q 0 0 0 rg BT 190.24 423.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 221.27 423.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.30 423.10 Td (inflation, ) Tj ET Q q 0 0 0 rg BT 263.11 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.59 423.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 307.40 423.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 338.87 423.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.57 423.10 Td (GDP) Tj ET Q q 0 0 0 rg BT 368.28 423.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.98 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.91 423.10 Td (its ) Tj ET Q q 0 0 0 rg BT 387.17 423.10 Td (territories ) Tj ET Q q 0 0 0 rg BT 419.97 423.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 451.44 423.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 463.80 423.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 487.71 423.10 Td (during ) Tj ET Q q 0 0 0 rg BT 510.30 423.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 530.01 423.10 Td (consistent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 413.50 Td (with ) Tj ET Q q 0 0 0 rg BT 66.25 413.50 Td (2012. ) Tj ET Q q 0 0 0 rg BT 86.27 413.50 Td (Real ) Tj ET Q q 0 0 0 rg BT 102.96 413.50 Td (private ) Tj ET Q q 0 0 0 rg BT 127.20 413.50 Td (consumption ) Tj ET Q q 0 0 0 rg BT 170.55 413.50 Td (is ) Tj ET Q q 0 0 0 rg BT 177.91 413.50 Td (also ) Tj ET Q q 0 0 0 rg BT 192.83 413.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 225.51 413.50 Td (to ) Tj ET Q q 0 0 0 rg BT 233.76 413.50 Td (have ) Tj ET Q q 0 0 0 rg BT 250.88 413.50 Td (been ) Tj ET Q q 0 0 0 rg BT 268.01 413.50 Td (flat ) Tj ET Q q 0 0 0 rg BT 280.70 413.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 304.93 413.50 Td (during ) Tj ET Q q 0 0 0 rg BT 327.84 413.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 347.42 413.50 Td (As ) Tj ET Q q 0 0 0 rg BT 358.34 413.50 Td (a ) Tj ET Q q 0 0 0 rg BT 363.91 413.50 Td (result, ) Tj ET Q q 0 0 0 rg BT 385.71 413.50 Td (the ) Tj ET Q q 0 0 0 rg BT 397.51 413.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 421.75 413.50 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 474.86 413.50 Td (environment ) Tj ET Q q 0 0 0 rg BT 517.32 413.50 Td (contributed ) Tj ET Q q 0 0 0 rg BT 555.78 413.50 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 403.90 Td (a ) Tj ET Q q 0 0 0 rg BT 55.69 403.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 85.37 403.90 Td (in ) Tj ET Q q 0 0 0 rg BT 93.73 403.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 131.42 403.90 Td (spending. ) Tj ET Q q 0 0 0 rg BT 164.45 403.90 Td (On ) Tj ET Q q 0 0 0 rg BT 176.37 403.90 Td (a ) Tj ET Q q 0 0 0 rg BT 182.06 403.90 Td (constant ) Tj ET Q q 0 0 0 rg BT 210.86 403.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 240.98 403.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 261.12 403.90 Td (television ) Tj ET Q q 0 0 0 rg BT 294.37 403.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 332.06 403.90 Td (spending, ) Tj ET Q q 0 0 0 rg BT 365.09 403.90 Td (the ) Tj ET Q q 0 0 0 rg BT 377.00 403.90 Td (Company) Tj ET Q q 0 0 0 rg BT 410.33 403.90 Td (s ) Tj ET Q q 0 0 0 rg BT 415.59 403.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 446.16 403.90 Td (source ) Tj ET Q q 0 0 0 rg BT 469.18 403.90 Td (of ) Tj ET Q q 0 0 0 rg BT 477.99 403.90 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 510.56 403.90 Td (declined ) Tj ET Q q 0 0 0 rg BT 539.80 403.90 Td (overall ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 394.30 Td (by ) Tj ET Q q 0 0 0 rg BT 60.11 394.30 Td (7% ) Tj ET Q q 0 0 0 rg BT 72.88 394.30 Td (in ) Tj ET Q q 0 0 0 rg BT 81.21 394.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 101.17 394.30 Td (The ) Tj ET Q q 0 0 0 rg BT 115.71 394.30 Td (most ) Tj ET Q q 0 0 0 rg BT 133.38 394.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 169.26 394.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 198.90 394.30 Td (is ) Tj ET Q q 0 0 0 rg BT 206.34 394.30 Td (in ) Tj ET Q q 0 0 0 rg BT 214.67 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 226.56 394.30 Td (Czech ) Tj ET Q q 0 0 0 rg BT 248.65 394.30 Td (Republic ) Tj ET Q q 0 0 0 rg BT 279.64 394.30 Td (where ) Tj ET Q q 0 0 0 rg BT 301.29 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 313.18 394.30 Td (market ) Tj ET Q q 0 0 0 rg BT 337.50 394.30 Td (is ) Tj ET Q q 0 0 0 rg BT 344.94 394.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 377.71 394.30 Td (to ) Tj ET Q q 0 0 0 rg BT 386.04 394.30 Td (have ) Tj ET Q q 0 0 0 rg BT 403.25 394.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 436.89 394.30 Td (by ) Tj ET Q q 0 0 0 rg BT 446.99 394.30 Td (10% ) Tj ET Q q 0 0 0 rg BT 463.77 394.30 Td (due ) Tj ET Q q 0 0 0 rg BT 477.43 394.30 Td (in ) Tj ET Q q 0 0 0 rg BT 485.76 394.30 Td (lar) Tj ET Q q 0 0 0 rg BT 494.05 394.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 503.71 394.30 Td (part ) Tj ET Q q 0 0 0 rg BT 518.25 394.30 Td (to ) Tj ET Q q 0 0 0 rg BT 526.59 394.30 Td (our ) Tj ET Q q 0 0 0 rg BT 539.36 394.30 Td (pricing ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 384.70 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 83.20 384.70 Td (described ) Tj ET Q q 0 0 0 rg BT 115.49 384.70 Td (above. ) Tj ET Q q 0 0 0 rg BT 138.12 384.70 Td (This ) Tj ET Q q 0 0 0 rg BT 153.99 384.70 Td (also ) Tj ET Q q 0 0 0 rg BT 168.52 384.70 Td (had ) Tj ET Q q 0 0 0 rg BT 181.71 384.70 Td (a ) Tj ET Q q 0 0 0 rg BT 186.91 384.70 Td (negative ) Tj ET Q q 0 0 0 rg BT 215.65 384.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 239.06 384.70 Td (on ) Tj ET Q q 0 0 0 rg BT 248.71 384.70 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 384.70 Td (TV) Tj ET Q q 0 0 0 rg BT 270.53 384.70 Td ( ) Tj ET Q q 0 0 0 rg BT 272.17 384.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 309.36 384.70 Td (market ) Tj ET Q q 0 0 0 rg BT 333.22 384.70 Td (in ) Tj ET Q q 0 0 0 rg BT 341.09 384.70 Td (the ) Tj ET Q q 0 0 0 rg BT 352.50 384.70 Td (Slovak ) Tj ET Q q 0 0 0 rg BT 376.37 384.70 Td (Republic. ) Tj ET Q q 0 0 0 rg BT 408.78 384.70 Td (The ) Tj ET Q q 0 0 0 rg BT 422.86 384.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 452.04 384.70 Td (in ) Tj ET Q q 0 0 0 rg BT 459.91 384.70 Td (Slovenia ) Tj ET Q q 0 0 0 rg BT 489.55 384.70 Td (is ) Tj ET Q q 0 0 0 rg BT 496.53 384.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 534.60 384.70 Td (to ) Tj ET Q q 0 0 0 rg BT 542.47 384.70 Td (recent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 78.42 375.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 100.17 375.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 132.59 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.79 375.10 Td (political ) Tj ET Q q 0 0 0 rg BT 175.65 375.10 Td (instability) Tj ET Q q 0 0 0 rg BT 207.13 375.10 Td (. ) Tj ET Q q 0 0 0 rg BT 211.59 375.10 Td (T) Tj ET Q q 0 0 0 rg BT 215.92 375.10 Td (elevision ) Tj ET Q q 0 0 0 rg BT 247.45 375.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 285.64 375.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 317.17 375.10 Td (also ) Tj ET Q q 0 0 0 rg BT 332.71 375.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 362.45 375.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.32 375.10 Td (Croatia ) Tj ET Q q 0 0 0 rg BT 397.52 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.72 375.10 Td (Romania, ) Tj ET Q q 0 0 0 rg BT 445.25 375.10 Td (however ) Tj ET Q q 0 0 0 rg BT 475.44 375.10 Td (our ) Tj ET Q q 0 0 0 rg BT 488.75 375.10 Td (market ) Tj ET Q q 0 0 0 rg BT 513.61 375.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.25 375.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.12 375.10 Td (those ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 365.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 81.32 365.50 Td (rose ) Tj ET Q q 0 0 0 rg BT 96.65 365.50 Td (as ) Tj ET Q q 0 0 0 rg BT 105.32 365.50 Td (our ) Tj ET Q q 0 0 0 rg BT 117.98 365.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 145.30 365.50 Td (increased.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 349.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.42 349.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.51 349.90 Td (did ) Tj ET Q q 0 0 0 rg BT 109.72 349.90 Td (not ) Tj ET Q q 0 0 0 rg BT 121.92 349.90 Td (achieve ) Tj ET Q q 0 0 0 rg BT 148.33 349.90 Td (its ) Tj ET Q q 0 0 0 rg BT 157.87 349.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 187.84 349.90 Td (tar) Tj ET Q q 0 0 0 rg BT 196.13 349.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 211.00 349.90 Td (in ) Tj ET Q q 0 0 0 rg BT 219.21 349.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 237.19 349.90 Td (but ) Tj ET Q q 0 0 0 rg BT 249.39 349.90 Td (was ) Tj ET Q q 0 0 0 rg BT 263.82 349.90 Td (successful ) Tj ET Q q 0 0 0 rg BT 298.68 349.90 Td (in ) Tj ET Q q 0 0 0 rg BT 306.88 349.90 Td (achieving ) Tj ET Q q 0 0 0 rg BT 339.96 349.90 Td (key ) Tj ET Q q 0 0 0 rg BT 353.50 349.90 Td (strategic ) Tj ET Q q 0 0 0 rg BT 382.58 349.90 Td (goals. ) Tj ET Q q 0 0 0 rg BT 403.45 349.90 Td (Declining ) Tj ET Q q 0 0 0 rg BT 436.97 349.90 Td (television ) Tj ET Q q 0 0 0 rg BT 470.06 349.90 Td (advertising ) Tj ET Q q 0 0 0 rg BT 507.59 349.90 Td (spending ) Tj ET Q q 0 0 0 rg BT 538.46 349.90 Td (had ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.30 Td (an ) Tj ET Q q 0 0 0 rg BT 59.64 340.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 83.49 340.30 Td (on ) Tj ET Q q 0 0 0 rg BT 93.58 340.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.43 340.30 Td (Company) Tj ET Q q 0 0 0 rg BT 138.77 340.30 Td (s ) Tj ET Q q 0 0 0 rg BT 143.96 340.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 166.49 340.30 Td (to ) Tj ET Q q 0 0 0 rg BT 174.80 340.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 203.97 340.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 234.49 340.30 Td (from ) Tj ET Q q 0 0 0 rg BT 252.12 340.30 Td (its ) Tj ET Q q 0 0 0 rg BT 261.77 340.30 Td (broadcasting ) Tj ET Q q 0 0 0 rg BT 304.73 340.30 Td (operations; ) Tj ET Q q 0 0 0 rg BT 342.36 340.30 Td (nevertheless, ) Tj ET Q q 0 0 0 rg BT 385.98 340.30 Td (the ) Tj ET Q q 0 0 0 rg BT 397.84 340.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.04 340.30 Td (succeeded ) Tj ET Q q 0 0 0 rg BT 465.99 340.30 Td (in ) Tj ET Q q 0 0 0 rg BT 474.29 340.30 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 514.59 340.30 Td (the ) Tj ET Q q 0 0 0 rg BT 526.45 340.30 Td (leading ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 330.70 Td (positions ) Tj ET Q q 0 0 0 rg BT 80.41 330.70 Td (of ) Tj ET Q q 0 0 0 rg BT 88.60 330.70 Td (its ) Tj ET Q q 0 0 0 rg BT 97.68 330.70 Td (broadcast ) Tj ET Q q 0 0 0 rg BT 129.85 330.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 164.69 330.70 Td (and ) Tj ET Q q 0 0 0 rg BT 177.76 330.70 Td (increasing ) Tj ET Q q 0 0 0 rg BT 212.16 330.70 Td (carriage ) Tj ET Q q 0 0 0 rg BT 239.43 330.70 Td (fee ) Tj ET Q q 0 0 0 rg BT 250.71 330.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 280.66 330.70 Td (while ) Tj ET Q q 0 0 0 rg BT 299.96 330.70 Td (continuing ) Tj ET Q q 0 0 0 rg BT 335.70 330.70 Td (to ) Tj ET Q q 0 0 0 rg BT 343.44 330.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 362.29 330.70 Td (on ) Tj ET Q q 0 0 0 rg BT 371.80 330.70 Td (controlling ) Tj ET Q q 0 0 0 rg BT 408.43 330.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 427.95 330.70 Td (Free ) Tj ET Q q 0 0 0 rg BT 443.68 330.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 459.42 330.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 475.60 330.70 Td (was ) Tj ET Q q 0 0 0 rg BT 489.56 330.70 Td (negatively ) Tj ET Q q 0 0 0 rg BT 524.40 330.70 Td (af) Tj ET Q q 0 0 0 rg BT 530.47 330.70 Td (fected ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 321.10 Td (part ) Tj ET Q q 0 0 0 rg BT 72.66 321.10 Td (by ) Tj ET Q q 0 0 0 rg BT 82.66 321.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 102.88 321.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.09 321.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 145.96 321.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 184.39 321.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.62 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.39 321.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 229.49 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.71 321.10 Td (television ) Tj ET Q q 0 0 0 rg BT 270.82 321.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 308.36 321.10 Td (spending, ) Tj ET Q q 0 0 0 rg BT 341.25 321.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 380.12 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.34 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.12 321.10 Td (Czech ) Tj ET Q q 0 0 0 rg BT 422.11 321.10 Td (Republic.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 305.50 Td (Non-Equity ) Tj ET Q q 0 0 0 rg BT 88.88 305.50 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 120.20 305.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 137.16 305.50 Td (A) Tj ET Q q 0 0 0 rg BT 141.61 305.50 Td (war) Tj ET Q q 0 0 0 rg BT 153.76 305.50 Td (ds ) Tj ET Q q 0 0 0 rg BT 162.87 305.50 Td (for ) Tj ET Q q 0 0 0 rg BT 174.21 305.50 Td (Co-CEOs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 289.90 Td (Each ) Tj ET Q q 0 0 0 rg BT 67.94 289.90 Td (of ) Tj ET Q q 0 0 0 rg BT 76.55 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 88.27 289.90 Td (co-CEOs ) Tj ET Q q 0 0 0 rg BT 119.55 289.90 Td (earned ) Tj ET Q q 0 0 0 rg BT 142.82 289.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 179.43 289.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 210.70 289.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 226.42 289.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 272.80 289.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 302.30 289.90 Td (to ) Tj ET Q q 0 0 0 rg BT 310.47 289.90 Td (their ) Tj ET Q q 0 0 0 rg BT 327.08 289.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 369.02 289.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 407.40 289.90 Td (as ) Tj ET Q q 0 0 0 rg BT 416.01 289.90 Td (the ) Tj ET Q q 0 0 0 rg BT 427.73 289.90 Td (tar) Tj ET Q q 0 0 0 rg BT 436.03 289.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 450.86 289.90 Td (described ) Tj ET Q q 0 0 0 rg BT 483.46 289.90 Td (above ) Tj ET Q q 0 0 0 rg BT 504.52 289.90 Td (established ) Tj ET Q q 0 0 0 rg BT 542.01 289.90 Td (by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 280.30 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 280.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.99 280.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 147.54 280.30 Td (following ) Tj ET Q q 0 0 0 rg BT 180.65 280.30 Td (their ) Tj ET Q q 0 0 0 rg BT 197.31 280.30 Td (appointments ) Tj ET Q q 0 0 0 rg BT 242.42 280.30 Td (were ) Tj ET Q q 0 0 0 rg BT 259.96 280.30 Td (achieved.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 264.70 Td (Non-equity ) Tj ET Q q 0 0 0 rg BT 87.55 264.70 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 118.86 264.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 135.82 264.70 Td (A) Tj ET Q q 0 0 0 rg BT 140.27 264.70 Td (war) Tj ET Q q 0 0 0 rg BT 152.42 264.70 Td (ds ) Tj ET Q q 0 0 0 rg BT 161.54 264.70 Td (for ) Tj ET Q q 0 0 0 rg BT 172.87 264.70 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 200.20 264.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 224.86 264.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 257.95 264.70 Td (Officers) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (The ) Tj ET Q q 0 0 0 rg BT 64.64 249.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 109.05 249.10 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 141.91 249.10 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 166.80 249.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.00 249.10 Td (tar) Tj ET Q q 0 0 0 rg BT 177.29 249.10 Td (get ) Tj ET Q q 0 0 0 rg BT 189.26 249.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.79 249.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.76 249.10 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 240.29 249.10 Td (Named ) Tj ET Q q 0 0 0 rg BT 265.59 249.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 299.77 249.10 Td (Of) Tj ET Q q 0 0 0 rg BT 308.07 249.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 328.03 249.10 Td (was ) Tj ET Q q 0 0 0 rg BT 342.67 249.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 359.10 249.10 Td (125.0 ) Tj ET Q q 0 0 0 rg BT 379.29 249.10 Td (million ) Tj ET Q q 0 0 0 rg BT 404.61 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.36 249.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.33 249.10 Td (tar) Tj ET Q q 0 0 0 rg BT 438.62 249.10 Td (get ) Tj ET Q q 0 0 0 rg BT 450.59 249.10 Td (for ) Tj ET Q q 0 0 0 rg BT 462.12 249.10 Td (Direct ) Tj ET Q q 0 0 0 rg BT 484.30 249.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 500.72 249.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 518.92 249.10 Td (Flow ) Tj ET Q q 0 0 0 rg BT 537.56 249.10 Td (was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 239.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 79.10 239.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 95.32 239.50 Td (49.0 ) Tj ET Q q 0 0 0 rg BT 111.32 239.50 Td (million.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.90 Td (On ) Tj ET Q q 0 0 0 rg BT 61.04 223.90 Td (August ) Tj ET Q q 0 0 0 rg BT 85.78 223.90 Td (21, ) Tj ET Q q 0 0 0 rg BT 97.41 223.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 117.03 223.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 126.37 223.90 Td (. ) Tj ET Q q 0 0 0 rg BT 129.99 223.90 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 150.28 223.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 175.45 223.90 Td (into ) Tj ET Q q 0 0 0 rg BT 189.52 223.90 Td (a ) Tj ET Q q 0 0 0 rg BT 194.69 223.90 Td (separation ) Tj ET Q q 0 0 0 rg BT 229.19 223.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 264.13 223.90 Td (with ) Tj ET Q q 0 0 0 rg BT 279.98 223.90 Td (CME ) Tj ET Q q 0 0 0 rg BT 298.94 223.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 321.00 223.90 Td (Services ) Tj ET Q q 0 0 0 rg BT 349.73 223.90 Td (Limited ) Tj ET Q q 0 0 0 rg BT 376.68 223.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 390.74 223.90 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 414.58 223.90 Td (Separation ) Tj ET Q q 0 0 0 rg BT 450.06 223.90 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 493.44 223.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 522.62 223.90 Td (to ) Tj ET Q q 0 0 0 rg BT 530.46 223.90 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 214.30 Td (he ) Tj ET Q q 0 0 0 rg BT 59.23 214.30 Td (resigned ) Tj ET Q q 0 0 0 rg BT 88.01 214.30 Td (as ) Tj ET Q q 0 0 0 rg BT 96.35 214.30 Td (President ) Tj ET Q q 0 0 0 rg BT 127.80 214.30 Td (and ) Tj ET Q q 0 0 0 rg BT 141.03 214.30 Td (CEO ) Tj ET Q q 0 0 0 rg BT 158.71 214.30 Td (with ) Tj ET Q q 0 0 0 rg BT 174.61 214.30 Td (ef) Tj ET Q q 0 0 0 rg BT 180.68 214.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 194.35 214.30 Td (from ) Tj ET Q q 0 0 0 rg BT 211.21 214.30 Td (August ) Tj ET Q q 0 0 0 rg BT 236.00 214.30 Td (21, ) Tj ET Q q 0 0 0 rg BT 247.68 214.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 267.36 214.30 Td (although ) Tj ET Q q 0 0 0 rg BT 297.03 214.30 Td (he ) Tj ET Q q 0 0 0 rg BT 306.26 214.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 339.49 214.30 Td (to ) Tj ET Q q 0 0 0 rg BT 347.39 214.30 Td (be ) Tj ET Q q 0 0 0 rg BT 356.62 214.30 Td (employed ) Tj ET Q q 0 0 0 rg BT 389.85 214.30 Td (through ) Tj ET Q q 0 0 0 rg BT 416.41 214.30 Td (December ) Tj ET Q q 0 0 0 rg BT 450.96 214.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 462.64 214.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 482.31 214.30 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 511.99 214.30 Td (to ) Tj ET Q q 0 0 0 rg BT 519.90 214.30 Td (the ) Tj ET Q q 0 0 0 rg BT 531.35 214.30 Td (Sarbu ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 204.70 Td (Separation ) Tj ET Q q 0 0 0 rg BT 85.77 204.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 125.31 204.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 134.64 204.70 Td (. ) Tj ET Q q 0 0 0 rg BT 138.64 204.70 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 159.31 204.70 Td (was ) Tj ET Q q 0 0 0 rg BT 173.75 204.70 Td (not ) Tj ET Q q 0 0 0 rg BT 185.97 204.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 211.96 204.70 Td (to ) Tj ET Q q 0 0 0 rg BT 220.19 204.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 245.28 204.70 Td (any ) Tj ET Q q 0 0 0 rg BT 258.83 204.70 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 295.49 204.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 326.81 204.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 342.58 204.70 Td (award ) Tj ET Q q 0 0 0 rg BT 364.13 204.70 Td (for ) Tj ET Q q 0 0 0 rg BT 375.45 204.70 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (On ) Tj ET Q q 0 0 0 rg BT 61.55 189.10 Td (October ) Tj ET Q q 0 0 0 rg BT 89.09 189.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 100.86 189.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 120.63 189.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 129.97 189.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.74 189.10 Td (Sach ) Tj ET Q q 0 0 0 rg BT 151.06 189.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 176.38 189.10 Td (into ) Tj ET Q q 0 0 0 rg BT 190.59 189.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.92 189.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 230.56 189.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 265.65 189.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.64 189.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 300.75 189.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 322.96 189.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 351.84 189.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 378.94 189.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 393.15 189.10 Td (Sach ) Tj ET Q q 0 0 0 rg BT 414.02 189.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 449.61 189.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 493.14 189.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 522.46 189.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.46 189.10 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 179.50 Td (his ) Tj ET Q q 0 0 0 rg BT 61.19 179.50 Td (service ) Tj ET Q q 0 0 0 rg BT 85.69 179.50 Td (as ) Tj ET Q q 0 0 0 rg BT 94.20 179.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 113.83 179.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 145.45 179.50 Td (Of) Tj ET Q q 0 0 0 rg BT 153.75 179.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 170.25 179.50 Td (terminated ) Tj ET Q q 0 0 0 rg BT 206.31 179.50 Td (with ) Tj ET Q q 0 0 0 rg BT 222.38 179.50 Td (ef) Tj ET Q q 0 0 0 rg BT 228.45 179.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 242.29 179.50 Td (from ) Tj ET Q q 0 0 0 rg BT 259.69 179.50 Td (October ) Tj ET Q q 0 0 0 rg BT 287.31 179.50 Td (29, ) Tj ET Q q 0 0 0 rg BT 299.16 179.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 319.01 179.50 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 348.86 179.50 Td (to ) Tj ET Q q 0 0 0 rg BT 356.93 179.50 Td (the ) Tj ET Q q 0 0 0 rg BT 368.55 179.50 Td (Sach ) Tj ET Q q 0 0 0 rg BT 385.96 179.50 Td (Separation ) Tj ET Q q 0 0 0 rg BT 421.61 179.50 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 461.00 179.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 470.33 179.50 Td (. ) Tj ET Q q 0 0 0 rg BT 474.19 179.50 Td (Sach ) Tj ET Q q 0 0 0 rg BT 491.59 179.50 Td (was ) Tj ET Q q 0 0 0 rg BT 505.88 179.50 Td (not ) Tj ET Q q 0 0 0 rg BT 517.95 179.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 543.79 179.50 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 169.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 75.09 169.90 Td (any ) Tj ET Q q 0 0 0 rg BT 88.64 169.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 125.30 169.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 156.62 169.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 172.39 169.90 Td (award ) Tj ET Q q 0 0 0 rg BT 193.94 169.90 Td (for ) Tj ET Q q 0 0 0 rg BT 205.27 169.90 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.30 Td (On ) Tj ET Q q 0 0 0 rg BT 62.02 154.30 Td (October ) Tj ET Q q 0 0 0 rg BT 90.03 154.30 Td (17, ) Tj ET Q q 0 0 0 rg BT 102.27 154.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 122.51 154.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 131.84 154.30 Td (. ) Tj ET Q q 0 0 0 rg BT 136.08 154.30 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 159.66 154.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 185.44 154.30 Td (into ) Tj ET Q q 0 0 0 rg BT 200.13 154.30 Td (a ) Tj ET Q q 0 0 0 rg BT 205.92 154.30 Td (separation ) Tj ET Q q 0 0 0 rg BT 241.04 154.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 276.59 154.30 Td (with ) Tj ET Q q 0 0 0 rg BT 293.05 154.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 312.63 154.30 Td (Media ) Tj ET Q q 0 0 0 rg BT 335.31 154.30 Td (Services ) Tj ET Q q 0 0 0 rg BT 364.65 154.30 Td (Limited ) Tj ET Q q 0 0 0 rg BT 392.22 154.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.90 154.30 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 434.03 154.30 Td (Separation ) Tj ET Q q 0 0 0 rg BT 469.99 154.30 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 513.98 154.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 543.77 154.30 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 144.70 Td (which ) Tj ET Q q 0 0 0 rg BT 71.55 144.70 Td (his ) Tj ET Q q 0 0 0 rg BT 82.89 144.70 Td (service ) Tj ET Q q 0 0 0 rg BT 107.54 144.70 Td (as ) Tj ET Q q 0 0 0 rg BT 116.21 144.70 Td (EVP-Strategic ) Tj ET Q q 0 0 0 rg BT 164.42 144.70 Td (Planning ) Tj ET Q q 0 0 0 rg BT 194.87 144.70 Td (and ) Tj ET Q q 0 0 0 rg BT 208.42 144.70 Td (Operations ) Tj ET Q q 0 0 0 rg BT 245.53 144.70 Td (terminated ) Tj ET Q q 0 0 0 rg BT 281.74 144.70 Td (with ) Tj ET Q q 0 0 0 rg BT 297.96 144.70 Td (ef) Tj ET Q q 0 0 0 rg BT 304.03 144.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 318.02 144.70 Td (from ) Tj ET Q q 0 0 0 rg BT 335.57 144.70 Td (November ) Tj ET Q q 0 0 0 rg BT 371.34 144.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 383.34 144.70 Td (2013. ) Tj ET Q q 0 0 0 rg BT 403.35 144.70 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 433.35 144.70 Td (to ) Tj ET Q q 0 0 0 rg BT 441.57 144.70 Td (the ) Tj ET Q q 0 0 0 rg BT 453.35 144.70 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 476.69 144.70 Td (Separation ) Tj ET Q q 0 0 0 rg BT 512.46 144.70 Td (Agreement, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 135.10 Td (. ) Tj ET Q q 0 0 0 rg BT 63.34 135.10 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 86.67 135.10 Td (was ) Tj ET Q q 0 0 0 rg BT 101.11 135.10 Td (not ) Tj ET Q q 0 0 0 rg BT 113.34 135.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 139.33 135.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.55 135.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 172.64 135.10 Td (any ) Tj ET Q q 0 0 0 rg BT 186.19 135.10 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 222.85 135.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 254.17 135.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 269.95 135.10 Td (award ) Tj ET Q q 0 0 0 rg BT 291.49 135.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.82 135.10 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 119.50 Td (The ) Tj ET Q q 0 0 0 rg BT 64.61 119.50 Td (General ) Tj ET Q q 0 0 0 rg BT 92.10 119.50 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 120.50 119.50 Td (did ) Tj ET Q q 0 0 0 rg BT 132.89 119.50 Td (not ) Tj ET Q q 0 0 0 rg BT 145.29 119.50 Td (earn ) Tj ET Q q 0 0 0 rg BT 161.23 119.50 Td (a ) Tj ET Q q 0 0 0 rg BT 166.96 119.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 203.79 119.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 235.28 119.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 251.23 119.50 Td (award ) Tj ET Q q 0 0 0 rg BT 272.95 119.50 Td (for ) Tj ET Q q 0 0 0 rg BT 284.45 119.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 302.62 119.50 Td (since ) Tj ET Q q 0 0 0 rg BT 321.23 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 333.18 119.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.46 119.50 Td (did ) Tj ET Q q 0 0 0 rg BT 378.86 119.50 Td (not ) Tj ET Q q 0 0 0 rg BT 391.26 119.50 Td (achieve ) Tj ET Q q 0 0 0 rg BT 417.86 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 429.80 119.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 454.70 119.50 Td ( ) Tj ET Q q 0 0 0 rg BT 456.71 119.50 Td (Threshold. ) Tj ET Q q 0 0 0 rg BT 493.17 119.50 Td (The ) Tj ET Q q 0 0 0 rg BT 507.78 119.50 Td (Consolidated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 109.90 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 82.93 109.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 107.82 109.90 Td ( ) Tj ET Q q 0 0 0 rg BT 110.08 109.90 Td (and ) Tj ET Q q 0 0 0 rg BT 123.90 109.90 Td (Direct ) Tj ET Q q 0 0 0 rg BT 146.15 109.90 Td (Free ) Tj ET Q q 0 0 0 rg BT 162.63 109.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 180.90 109.90 Td (Flow ) Tj ET Q q 0 0 0 rg BT 199.61 109.90 Td (tar) Tj ET Q q 0 0 0 rg BT 207.91 109.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 223.06 109.90 Td (were ) Tj ET Q q 0 0 0 rg BT 240.87 109.90 Td (not ) Tj ET Q q 0 0 0 rg BT 253.36 109.90 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 285.88 109.90 Td (The ) Tj ET Q q 0 0 0 rg BT 300.59 109.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 349.07 109.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 386.89 109.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 425.14 109.90 Td (that ) Tj ET Q q 0 0 0 rg BT 439.40 109.90 Td (the ) Tj ET Q q 0 0 0 rg BT 451.44 109.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 486.15 109.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 528.83 109.90 Td (tar) Tj ET Q q 0 0 0 rg BT 537.12 109.90 Td (gets ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 100.30 Td (had ) Tj ET Q q 0 0 0 rg BT 63.79 100.30 Td (been ) Tj ET Q q 0 0 0 rg BT 81.12 100.30 Td (achieved ) Tj ET Q q 0 0 0 rg BT 111.78 100.30 Td (with ) Tj ET Q q 0 0 0 rg BT 128.24 100.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 153.13 100.30 Td (to ) Tj ET Q q 0 0 0 rg BT 161.58 100.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 194.93 100.30 Td (ef) Tj ET Q q 0 0 0 rg BT 201.00 100.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 224.99 100.30 Td (advice ) Tj ET Q q 0 0 0 rg BT 248.10 100.30 Td (to ) Tj ET Q q 0 0 0 rg BT 256.56 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 100.30 Td (co-CEOs, ) Tj ET Q q 0 0 0 rg BT 302.13 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 314.14 100.30 Td (former ) Tj ET Q q 0 0 0 rg BT 338.14 100.30 Td (President ) Tj ET Q q 0 0 0 rg BT 370.14 100.30 Td (and ) Tj ET Q q 0 0 0 rg BT 383.93 100.30 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 404.16 100.30 Td (the ) Tj ET Q q 0 0 0 rg BT 416.17 100.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 437.96 100.30 Td (and ) Tj ET Q q 0 0 0 rg BT 451.74 100.30 Td (its ) Tj ET Q q 0 0 0 rg BT 461.54 100.30 Td (committees ) Tj ET Q q 0 0 0 rg BT 500.65 100.30 Td (on ) Tj ET Q q 0 0 0 rg BT 510.88 100.30 Td (a ) Tj ET Q q 0 0 0 rg BT 516.67 100.30 Td (number ) Tj ET Q q 0 0 0 rg BT 543.34 100.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 90.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 85.63 90.70 Td (legal ) Tj ET Q q 0 0 0 rg BT 103.04 90.70 Td (and ) Tj ET Q q 0 0 0 rg BT 116.45 90.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 145.41 90.70 Td (issues ) Tj ET Q q 0 0 0 rg BT 166.38 90.70 Td (for ) Tj ET Q q 0 0 0 rg BT 177.57 90.70 Td (the ) Tj ET Q q 0 0 0 rg BT 189.21 90.70 Td (Company) Tj ET Q q 0 0 0 rg BT 219.80 90.70 Td (, ) Tj ET Q q 0 0 0 rg BT 223.66 90.70 Td (successfully ) Tj ET Q q 0 0 0 rg BT 264.62 90.70 Td (completing ) Tj ET Q q 0 0 0 rg BT 302.48 90.70 Td (a ) Tj ET Q q 0 0 0 rg BT 307.89 90.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 339.96 90.70 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 378.92 90.70 Td (achieving ) Tj ET Q q 0 0 0 rg BT 411.88 90.70 Td (more ) Tj ET Q q 0 0 0 rg BT 430.18 90.70 Td (than ) Tj ET Q q 0 0 0 rg BT 445.81 90.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 461.90 90.70 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 477.76 90.70 Td (million ) Tj ET Q q 0 0 0 rg BT 502.74 90.70 Td (of ) Tj ET Q q 0 0 0 rg BT 511.26 90.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 526.01 90.70 Td (savings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (from ) Tj ET Q q 0 0 0 rg BT 67.47 81.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 110.27 81.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.19 81.10 Td (an ) Tj ET Q q 0 0 0 rg BT 129.66 81.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 166.22 81.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 186.14 81.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 219.17 81.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 241.97 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.44 81.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 289.35 81.10 Td (with ) Tj ET Q q 0 0 0 rg BT 305.49 81.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 330.06 81.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.21 81.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 377.00 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.47 81.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 425.26 81.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 452.73 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.20 81.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 511.67 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.36 81.10 Td (capacity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 71.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.66 71.50 Td (his ) Tj ET Q q 0 0 0 rg BT 70.00 71.50 Td (department. ) Tj ET Q q 0 0 0 rg BT 109.84 71.50 Td (The ) Tj ET Q q 0 0 0 rg BT 124.28 71.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 172.50 71.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 210.05 71.50 Td (did ) Tj ET Q q 0 0 0 rg BT 222.27 71.50 Td (elect ) Tj ET Q q 0 0 0 rg BT 239.37 71.50 Td (to ) Tj ET Q q 0 0 0 rg BT 247.59 71.50 Td (award ) Tj ET Q q 0 0 0 rg BT 269.13 71.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.91 71.50 Td (General ) Tj ET Q q 0 0 0 rg BT 308.22 71.50 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 336.45 71.50 Td (a ) Tj ET Q q 0 0 0 rg BT 342.00 71.50 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 385.76 71.50 Td (bonus ) Tj ET Q q 0 0 0 rg BT 406.87 71.50 Td (of ) Tj ET Q q 0 0 0 rg BT 415.54 71.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 431.76 71.50 Td (125,000.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (98) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 63.53 743.50 Td (Acting ) Tj ET Q q 0 0 0 rg BT 86.71 743.50 Td (CFO ) Tj ET Q q 0 0 0 rg BT 103.68 743.50 Td (did ) Tj ET Q q 0 0 0 rg BT 115.31 743.50 Td (not ) Tj ET Q q 0 0 0 rg BT 126.94 743.50 Td (earn ) Tj ET Q q 0 0 0 rg BT 142.11 743.50 Td (a ) Tj ET Q q 0 0 0 rg BT 147.07 743.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 183.13 743.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 213.86 743.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 229.04 743.50 Td (award ) Tj ET Q q 0 0 0 rg BT 249.99 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 260.72 743.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 278.13 743.50 Td (since ) Tj ET Q q 0 0 0 rg BT 295.97 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 307.15 743.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.67 743.50 Td (did ) Tj ET Q q 0 0 0 rg BT 351.30 743.50 Td (not ) Tj ET Q q 0 0 0 rg BT 362.93 743.50 Td (achieve ) Tj ET Q q 0 0 0 rg BT 388.76 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.94 743.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 424.83 743.50 Td ( ) Tj ET Q q 0 0 0 rg BT 426.13 743.50 Td (Threshold. ) Tj ET Q q 0 0 0 rg BT 461.88 743.50 Td (The ) Tj ET Q q 0 0 0 rg BT 475.72 743.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 519.35 743.50 Td (Budgeted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 74.89 733.90 Td ( ) Tj ET Q q 0 0 0 rg BT 77.24 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 91.15 733.90 Td (Direct ) Tj ET Q q 0 0 0 rg BT 113.49 733.90 Td (Free ) Tj ET Q q 0 0 0 rg BT 130.05 733.90 Td (Cash ) Tj ET Q q 0 0 0 rg BT 148.41 733.90 Td (Flow ) Tj ET Q q 0 0 0 rg BT 167.21 733.90 Td (tar) Tj ET Q q 0 0 0 rg BT 175.50 733.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 190.74 733.90 Td (were ) Tj ET Q q 0 0 0 rg BT 208.64 733.90 Td (not ) Tj ET Q q 0 0 0 rg BT 221.21 733.90 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 253.82 733.90 Td (The ) Tj ET Q q 0 0 0 rg BT 268.61 733.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 317.18 733.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 355.08 733.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 393.42 733.90 Td (that ) Tj ET Q q 0 0 0 rg BT 407.77 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 419.90 733.90 Td (individual ) Tj ET Q q 0 0 0 rg BT 454.69 733.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 497.46 733.90 Td (tar) Tj ET Q q 0 0 0 rg BT 505.75 733.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 520.99 733.90 Td (had ) Tj ET Q q 0 0 0 rg BT 534.90 733.90 Td (been ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (achieved ) Tj ET Q q 0 0 0 rg BT 80.46 724.30 Td (with ) Tj ET Q q 0 0 0 rg BT 96.72 724.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 121.41 724.30 Td (to ) Tj ET Q q 0 0 0 rg BT 129.67 724.30 Td (successfully ) Tj ET Q q 0 0 0 rg BT 170.81 724.30 Td (completing ) Tj ET Q q 0 0 0 rg BT 208.83 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 214.42 724.30 Td (financing ) Tj ET Q q 0 0 0 rg BT 246.67 724.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 283.80 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 297.39 724.30 Td (achieving ) Tj ET Q q 0 0 0 rg BT 330.52 724.30 Td (more ) Tj ET Q q 0 0 0 rg BT 349.00 724.30 Td (than ) Tj ET Q q 0 0 0 rg BT 364.81 724.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 381.07 724.30 Td (25.0 ) Tj ET Q q 0 0 0 rg BT 397.10 724.30 Td (million ) Tj ET Q q 0 0 0 rg BT 422.25 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 430.95 724.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 445.88 724.30 Td (savings ) Tj ET Q q 0 0 0 rg BT 471.91 724.30 Td (from ) Tj ET Q q 0 0 0 rg BT 489.50 724.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 532.41 724.30 Td (on ) Tj ET Q q 0 0 0 rg BT 542.45 724.30 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (annualized ) Tj ET Q q 0 0 0 rg BT 86.65 714.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 106.50 714.70 Td (The ) Tj ET Q q 0 0 0 rg BT 120.94 714.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 169.16 714.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 206.71 714.70 Td (did ) Tj ET Q q 0 0 0 rg BT 218.93 714.70 Td (elect ) Tj ET Q q 0 0 0 rg BT 236.03 714.70 Td (to ) Tj ET Q q 0 0 0 rg BT 244.25 714.70 Td (award ) Tj ET Q q 0 0 0 rg BT 265.80 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 277.57 714.70 Td (acting ) Tj ET Q q 0 0 0 rg BT 299.12 714.70 Td (CFO ) Tj ET Q q 0 0 0 rg BT 316.68 714.70 Td (a ) Tj ET Q q 0 0 0 rg BT 322.23 714.70 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 365.99 714.70 Td (bonus ) Tj ET Q q 0 0 0 rg BT 387.11 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 395.77 714.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 412.00 714.70 Td (45,000.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 699.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 72.83 699.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 87.27 699.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 110.01 699.10 Td (A) Tj ET Q q 0 0 0 rg BT 114.45 699.10 Td (war) Tj ET Q q 0 0 0 rg BT 126.61 699.10 Td (ds) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 683.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.07 683.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 77.47 683.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.65 683.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 136.27 683.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 173.23 683.50 Td (elected ) Tj ET Q q 0 0 0 rg BT 197.28 683.50 Td (to ) Tj ET Q q 0 0 0 rg BT 204.91 683.50 Td (award ) Tj ET Q q 0 0 0 rg BT 225.86 683.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 257.02 683.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.31 683.50 Td (units ) Tj ET Q q 0 0 0 rg BT 292.28 683.50 Td (rather ) Tj ET Q q 0 0 0 rg BT 312.33 683.50 Td (than ) Tj ET Q q 0 0 0 rg BT 327.51 683.50 Td (options ) Tj ET Q q 0 0 0 rg BT 352.47 683.50 Td (as ) Tj ET Q q 0 0 0 rg BT 360.54 683.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 393.49 683.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 414.89 683.50 Td (incentives ) Tj ET Q q 0 0 0 rg BT 448.73 683.50 Td (under ) Tj ET Q q 0 0 0 rg BT 468.35 683.50 Td (its ) Tj ET Q q 0 0 0 rg BT 477.00 683.50 Td (Amended ) Tj ET Q q 0 0 0 rg BT 509.51 683.50 Td (and ) Tj ET Q q 0 0 0 rg BT 522.46 683.50 Td (Restated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 673.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 69.92 673.90 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 101.39 673.90 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 119.19 673.90 Td (The ) Tj ET Q q 0 0 0 rg BT 133.33 673.90 Td (continuing ) Tj ET Q q 0 0 0 rg BT 169.25 673.90 Td (dif) Tj ET Q q 0 0 0 rg BT 177.99 673.90 Td (ficult ) Tj ET Q q 0 0 0 rg BT 196.58 673.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 229.38 673.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 271.51 673.90 Td (in ) Tj ET Q q 0 0 0 rg BT 279.44 673.90 Td (the ) Tj ET Q q 0 0 0 rg BT 290.91 673.90 Td (Company) Tj ET Q q 0 0 0 rg BT 324.25 673.90 Td (s ) Tj ET Q q 0 0 0 rg BT 329.06 673.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 356.09 673.90 Td (described ) Tj ET Q q 0 0 0 rg BT 388.44 673.90 Td (above ) Tj ET Q q 0 0 0 rg BT 409.25 673.90 Td (has ) Tj ET Q q 0 0 0 rg BT 421.61 673.90 Td (had ) Tj ET Q q 0 0 0 rg BT 434.87 673.90 Td (a ) Tj ET Q q 0 0 0 rg BT 440.12 673.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 468.92 673.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 492.39 673.90 Td (on ) Tj ET Q q 0 0 0 rg BT 502.09 673.90 Td (the ) Tj ET Q q 0 0 0 rg BT 513.57 673.90 Td (Company) Tj ET Q q 0 0 0 rg BT 546.90 673.90 Td (s ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 664.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 82.64 664.30 Td (results ) Tj ET Q q 0 0 0 rg BT 105.96 664.30 Td (and ) Tj ET Q q 0 0 0 rg BT 119.94 664.30 Td (share ) Tj ET Q q 0 0 0 rg BT 139.25 664.30 Td (price, ) Tj ET Q q 0 0 0 rg BT 159.67 664.30 Td (which ) Tj ET Q q 0 0 0 rg BT 181.66 664.30 Td (has ) Tj ET Q q 0 0 0 rg BT 194.75 664.30 Td (declined ) Tj ET Q q 0 0 0 rg BT 224.28 664.30 Td (significantly ) Tj ET Q q 0 0 0 rg BT 266.71 664.30 Td (over ) Tj ET Q q 0 0 0 rg BT 283.35 664.30 Td (this ) Tj ET Q q 0 0 0 rg BT 297.34 664.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 322.21 664.30 Td (Because ) Tj ET Q q 0 0 0 rg BT 351.29 664.30 Td (of ) Tj ET Q q 0 0 0 rg BT 360.39 664.30 Td (this ) Tj ET Q q 0 0 0 rg BT 374.38 664.30 Td (share ) Tj ET Q q 0 0 0 rg BT 393.69 664.30 Td (price ) Tj ET Q q 0 0 0 rg BT 412.11 664.30 Td (movement ) Tj ET Q q 0 0 0 rg BT 448.31 664.30 Td (and ) Tj ET Q q 0 0 0 rg BT 462.29 664.30 Td (the ) Tj ET Q q 0 0 0 rg BT 474.50 664.30 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 509.37 664.30 Td (of ) Tj ET Q q 0 0 0 rg BT 518.47 664.30 Td (continued ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 654.70 Td (pressure ) Tj ET Q q 0 0 0 rg BT 78.97 654.70 Td (on ) Tj ET Q q 0 0 0 rg BT 89.28 654.70 Td (the ) Tj ET Q q 0 0 0 rg BT 101.37 654.70 Td (Company) Tj ET Q q 0 0 0 rg BT 134.70 654.70 Td (s ) Tj ET Q q 0 0 0 rg BT 140.13 654.70 Td (share ) Tj ET Q q 0 0 0 rg BT 159.32 654.70 Td (price ) Tj ET Q q 0 0 0 rg BT 177.62 654.70 Td (as ) Tj ET Q q 0 0 0 rg BT 186.59 654.70 Td (a ) Tj ET Q q 0 0 0 rg BT 192.46 654.70 Td (result ) Tj ET Q q 0 0 0 rg BT 212.54 654.70 Td (of ) Tj ET Q q 0 0 0 rg BT 221.52 654.70 Td (the ) Tj ET Q q 0 0 0 rg BT 233.61 654.70 Td (Company) Tj ET Q q 0 0 0 rg BT 266.94 654.70 Td (s ) Tj ET Q q 0 0 0 rg BT 272.36 654.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 304.89 654.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 336.08 654.70 Td (and ) Tj ET Q q 0 0 0 rg BT 349.94 654.70 Td (the ) Tj ET Q q 0 0 0 rg BT 362.03 654.70 Td (fact ) Tj ET Q q 0 0 0 rg BT 376.33 654.70 Td (that ) Tj ET Q q 0 0 0 rg BT 390.64 654.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.72 654.70 Td (return ) Tj ET Q q 0 0 0 rg BT 424.14 654.70 Td (to ) Tj ET Q q 0 0 0 rg BT 432.67 654.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 457.65 654.70 Td (in ) Tj ET Q q 0 0 0 rg BT 466.18 654.70 Td (the ) Tj ET Q q 0 0 0 rg BT 478.27 654.70 Td (Company) Tj ET Q q 0 0 0 rg BT 511.60 654.70 Td (s ) Tj ET Q q 0 0 0 rg BT 517.03 654.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 544.66 654.70 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 645.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 80.45 645.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.69 645.10 Td (be ) Tj ET Q q 0 0 0 rg BT 98.26 645.10 Td (gradual, ) Tj ET Q q 0 0 0 rg BT 126.27 645.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.06 645.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 186.30 645.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 223.87 645.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 252.10 645.10 Td (that ) Tj ET Q q 0 0 0 rg BT 266.11 645.10 Td (options ) Tj ET Q q 0 0 0 rg BT 291.69 645.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.48 645.10 Td (not ) Tj ET Q q 0 0 0 rg BT 315.72 645.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 346.61 645.10 Td (an ) Tj ET Q q 0 0 0 rg BT 356.18 645.10 Td (ef) Tj ET Q q 0 0 0 rg BT 362.25 645.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 386.04 645.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 432.49 645.10 Td (tool. ) Tj ET Q q 0 0 0 rg BT 448.51 645.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 487.98 645.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.00 645.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.79 645.10 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 635.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 87.98 635.50 Td (elected ) Tj ET Q q 0 0 0 rg BT 113.06 635.50 Td (to ) Tj ET Q q 0 0 0 rg BT 121.71 635.50 Td (award ) Tj ET Q q 0 0 0 rg BT 143.68 635.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 175.88 635.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.19 635.50 Td (units ) Tj ET Q q 0 0 0 rg BT 213.18 635.50 Td (to ) Tj ET Q q 0 0 0 rg BT 221.83 635.50 Td (1) Tj ET Q q 0 0 0 rg BT 225.54 635.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 231.96 635.50 Td (employees, ) Tj ET Q q 0 0 0 rg BT 270.61 635.50 Td (including ) Tj ET Q q 0 0 0 rg BT 303.25 635.50 Td (the ) Tj ET Q q 0 0 0 rg BT 315.46 635.50 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 343.21 635.50 Td (Named ) Tj ET Q q 0 0 0 rg BT 368.75 635.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 403.16 635.50 Td (Of) Tj ET Q q 0 0 0 rg BT 411.46 635.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 431.65 635.50 Td (in ) Tj ET Q q 0 0 0 rg BT 440.30 635.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 460.56 635.50 Td (The ) Tj ET Q q 0 0 0 rg BT 475.43 635.50 Td (dates ) Tj ET Q q 0 0 0 rg BT 494.29 635.50 Td (and ) Tj ET Q q 0 0 0 rg BT 508.27 635.50 Td (values ) Tj ET Q q 0 0 0 rg BT 531.14 635.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.23 635.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 625.90 Td (grants ) Tj ET Q q 0 0 0 rg BT 71.55 625.90 Td (to ) Tj ET Q q 0 0 0 rg BT 79.77 625.90 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 107.10 625.90 Td (Named ) Tj ET Q q 0 0 0 rg BT 132.20 625.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 166.19 625.90 Td (Of) Tj ET Q q 0 0 0 rg BT 174.48 625.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 194.25 625.90 Td (are ) Tj ET Q q 0 0 0 rg BT 206.02 625.90 Td (included ) Tj ET Q q 0 0 0 rg BT 235.56 625.90 Td (in ) Tj ET Q q 0 0 0 rg BT 243.79 625.90 Td (the ) Tj ET Q q 0 0 0 rg BT 255.56 625.90 Td (Grants ) Tj ET Q q 0 0 0 rg BT 282.44 625.90 Td (of ) Tj ET Q q 0 0 0 rg BT 291.10 625.90 Td (Plan-Based ) Tj ET Q q 0 0 0 rg BT 329.10 625.90 Td (A) Tj ET Q q 0 0 0 rg BT 334.14 625.90 Td (wards ) Tj ET Q q 0 0 0 rg BT 358.80 625.90 Td (table ) Tj ET Q q 0 0 0 rg BT 376.34 625.90 Td (below) Tj ET Q q 0 0 0 rg BT 395.38 625.90 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 610.30 Td (For ) Tj ET Q q 0 0 0 rg BT 62.79 610.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 84.47 610.30 Td (grants ) Tj ET Q q 0 0 0 rg BT 105.71 610.30 Td (to ) Tj ET Q q 0 0 0 rg BT 113.61 610.30 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 140.62 610.30 Td (Named ) Tj ET Q q 0 0 0 rg BT 165.40 610.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 199.07 610.30 Td (Of) Tj ET Q q 0 0 0 rg BT 207.37 610.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 226.81 610.30 Td (in ) Tj ET Q q 0 0 0 rg BT 234.72 610.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 254.40 610.30 Td (50% ) Tj ET Q q 0 0 0 rg BT 270.74 610.30 Td (of ) Tj ET Q q 0 0 0 rg BT 279.09 610.30 Td (the ) Tj ET Q q 0 0 0 rg BT 290.54 610.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 321.99 610.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 340.56 610.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 364.89 610.30 Td (are ) Tj ET Q q 0 0 0 rg BT 376.34 610.30 Td (time-based ) Tj ET Q q 0 0 0 rg BT 413.12 610.30 Td (and ) Tj ET Q q 0 0 0 rg BT 426.35 610.30 Td (50% ) Tj ET Q q 0 0 0 rg BT 442.70 610.30 Td (are ) Tj ET Q q 0 0 0 rg BT 454.15 610.30 Td (performance-based. ) Tj ET Q q 0 0 0 rg BT 519.00 610.30 Td (The ) Tj ET Q q 0 0 0 rg BT 533.12 610.30 Td (time-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 600.70 Td (based ) Tj ET Q q 0 0 0 rg BT 70.07 600.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 94.58 600.70 Td (vest ) Tj ET Q q 0 0 0 rg BT 109.32 600.70 Td (in ) Tj ET Q q 0 0 0 rg BT 117.40 600.70 Td (four ) Tj ET Q q 0 0 0 rg BT 132.59 600.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 151.77 600.70 Td (installments ) Tj ET Q q 0 0 0 rg BT 192.29 600.70 Td (on ) Tj ET Q q 0 0 0 rg BT 202.14 600.70 Td (each ) Tj ET Q q 0 0 0 rg BT 218.65 600.70 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 257.82 600.70 Td (of ) Tj ET Q q 0 0 0 rg BT 266.34 600.70 Td (the ) Tj ET Q q 0 0 0 rg BT 277.97 600.70 Td (date ) Tj ET Q q 0 0 0 rg BT 293.15 600.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.67 600.70 Td (grant. ) Tj ET Q q 0 0 0 rg BT 321.96 600.70 Td (For ) Tj ET Q q 0 0 0 rg BT 334.93 600.70 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 398.08 600.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 429.70 600.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 448.44 600.70 Td (units, ) Tj ET Q q 0 0 0 rg BT 467.86 600.70 Td (up ) Tj ET Q q 0 0 0 rg BT 477.71 600.70 Td (to ) Tj ET Q q 0 0 0 rg BT 485.79 600.70 Td (25% ) Tj ET Q q 0 0 0 rg BT 502.31 600.70 Td (of ) Tj ET Q q 0 0 0 rg BT 510.83 600.70 Td (such ) Tj ET Q q 0 0 0 rg BT 527.35 600.70 Td (awards ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (are ) Tj ET Q q 0 0 0 rg BT 61.99 591.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 88.20 591.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.75 591.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 125.08 591.10 Td (each ) Tj ET Q q 0 0 0 rg BT 141.96 591.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 181.49 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.38 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.38 591.10 Td (date ) Tj ET Q q 0 0 0 rg BT 217.92 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.81 591.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 245.47 591.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.91 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.91 591.10 Td (event ) Tj ET Q q 0 0 0 rg BT 285.45 591.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 301.67 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.66 591.10 Td (total ) Tj ET Q q 0 0 0 rg BT 330.10 591.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 369.64 591.10 Td (return ) Tj ET Q q 0 0 0 rg BT 390.97 591.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.52 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.51 591.10 Td (Company) Tj ET Q q 0 0 0 rg BT 447.84 591.10 Td (s ) Tj ET Q q 0 0 0 rg BT 453.18 591.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 472.25 591.10 Td (A) Tj ET Q q 0 0 0 rg BT 477.58 591.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.80 591.10 Td (common ) Tj ET Q q 0 0 0 rg BT 510.02 591.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 529.13 591.10 Td (during ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 581.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.81 581.50 Td (period ) Tj ET Q q 0 0 0 rg BT 84.29 581.50 Td (from ) Tj ET Q q 0 0 0 rg BT 101.88 581.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.70 581.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 132.18 581.50 Td (date ) Tj ET Q q 0 0 0 rg BT 147.54 581.50 Td (to ) Tj ET Q q 0 0 0 rg BT 155.81 581.50 Td (such ) Tj ET Q q 0 0 0 rg BT 172.51 581.50 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 211.87 581.50 Td (is ) Tj ET Q q 0 0 0 rg BT 219.25 581.50 Td (at ) Tj ET Q q 0 0 0 rg BT 227.06 581.50 Td (least ) Tj ET Q q 0 0 0 rg BT 243.76 581.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 263.13 581.50 Td (to ) Tj ET Q q 0 0 0 rg BT 271.39 581.50 Td (the ) Tj ET Q q 0 0 0 rg BT 283.21 581.50 Td (total ) Tj ET Q q 0 0 0 rg BT 299.46 581.50 Td (return ) Tj ET Q q 0 0 0 rg BT 320.61 581.50 Td (of ) Tj ET Q q 0 0 0 rg BT 329.31 581.50 Td (Standard ) Tj ET Q q 0 0 0 rg BT 359.79 581.50 Td (& ) Tj ET Q q 0 0 0 rg BT 368.05 581.50 Td (Poor) Tj ET Q q 0 0 0 rg BT 383.46 581.50 Td () Tj ET Q q 0 0 0 rg BT 385.69 581.50 Td (s ) Tj ET Q q 0 0 0 rg BT 390.84 581.50 Td (500 ) Tj ET Q q 0 0 0 rg BT 404.88 581.50 Td (Composite ) Tj ET Q q 0 0 0 rg BT 441.59 581.50 Td (Index ) Tj ET Q q 0 0 0 rg BT 461.85 581.50 Td (over ) Tj ET Q q 0 0 0 rg BT 478.10 581.50 Td (the ) Tj ET Q q 0 0 0 rg BT 489.92 581.50 Td (same ) Tj ET Q q 0 0 0 rg BT 508.40 581.50 Td (period. ) Tj ET Q q 0 0 0 rg BT 532.88 581.50 Td (If ) Tj ET Q q 0 0 0 rg BT 540.24 581.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 571.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 92.30 571.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 116.83 571.90 Td (is ) Tj ET Q q 0 0 0 rg BT 124.05 571.90 Td (not ) Tj ET Q q 0 0 0 rg BT 136.15 571.90 Td (met ) Tj ET Q q 0 0 0 rg BT 150.03 571.90 Td (for ) Tj ET Q q 0 0 0 rg BT 161.24 571.90 Td (an ) Tj ET Q q 0 0 0 rg BT 170.67 571.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 205.43 571.90 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 239.30 571.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 264.29 571.90 Td (period, ) Tj ET Q q 0 0 0 rg BT 288.61 571.90 Td (such ) Tj ET Q q 0 0 0 rg BT 305.15 571.90 Td (installment ) Tj ET Q q 0 0 0 rg BT 342.58 571.90 Td (of ) Tj ET Q q 0 0 0 rg BT 351.13 571.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 382.77 571.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 401.54 571.90 Td (units ) Tj ET Q q 0 0 0 rg BT 418.98 571.90 Td (does ) Tj ET Q q 0 0 0 rg BT 435.53 571.90 Td (not ) Tj ET Q q 0 0 0 rg BT 447.63 571.90 Td (terminate ) Tj ET Q q 0 0 0 rg BT 479.72 571.90 Td (but ) Tj ET Q q 0 0 0 rg BT 491.83 571.90 Td (may ) Tj ET Q q 0 0 0 rg BT 507.48 571.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 522.25 571.90 Td (in ) Tj ET Q q 0 0 0 rg BT 530.36 571.90 Td (a ) Tj ET Q q 0 0 0 rg BT 535.79 571.90 Td (later ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 562.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 75.11 562.30 Td (period ) Tj ET Q q 0 0 0 rg BT 97.55 562.30 Td (if ) Tj ET Q q 0 0 0 rg BT 104.43 562.30 Td (the ) Tj ET Q q 0 0 0 rg BT 116.21 562.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 158.63 562.30 Td (criteria ) Tj ET Q q 0 0 0 rg BT 183.27 562.30 Td (are ) Tj ET Q q 0 0 0 rg BT 195.04 562.30 Td (met ) Tj ET Q q 0 0 0 rg BT 209.04 562.30 Td (during ) Tj ET Q q 0 0 0 rg BT 231.92 562.30 Td (such ) Tj ET Q q 0 0 0 rg BT 248.59 562.30 Td (later ) Tj ET Q q 0 0 0 rg BT 264.80 562.30 Td (period.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 546.70 Td (At ) Tj ET Q q 0 0 0 rg BT 59.21 546.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.20 546.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 92.74 546.70 Td (general ) Tj ET Q q 0 0 0 rg BT 117.50 546.70 Td (meeting ) Tj ET Q q 0 0 0 rg BT 144.48 546.70 Td (of ) Tj ET Q q 0 0 0 rg BT 152.36 546.70 Td (CME ) Tj ET Q q 0 0 0 rg BT 170.91 546.70 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 185.23 546.70 Td (held ) Tj ET Q q 0 0 0 rg BT 200.22 546.70 Td (on ) Tj ET Q q 0 0 0 rg BT 209.44 546.70 Td (June ) Tj ET Q q 0 0 0 rg BT 225.32 546.70 Td (13, ) Tj ET Q q 0 0 0 rg BT 236.53 546.70 Td (2012, ) Tj ET Q q 0 0 0 rg BT 255.75 546.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.73 546.70 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 308.38 546.70 Td (approved ) Tj ET Q q 0 0 0 rg BT 339.36 546.70 Td (an ) Tj ET Q q 0 0 0 rg BT 348.13 546.70 Td (employee ) Tj ET Q q 0 0 0 rg BT 380.44 546.70 Td (option ) Tj ET Q q 0 0 0 rg BT 402.10 546.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 433.52 546.70 Td (program ) Tj ET Q q 0 0 0 rg BT 461.83 546.70 Td (whereby ) Tj ET Q q 0 0 0 rg BT 490.59 546.70 Td (eligible ) Tj ET Q q 0 0 0 rg BT 515.80 546.70 Td (employees ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (would, ) Tj ET Q q 0 0 0 rg BT 73.88 537.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 98.41 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.51 537.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 130.15 537.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 167.36 537.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.79 537.10 Td (given ) Tj ET Q q 0 0 0 rg BT 196.44 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.09 537.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 247.30 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.40 537.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 287.48 537.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 326.69 537.10 Td (options ) Tj ET Q q 0 0 0 rg BT 352.12 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.22 537.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 385.64 537.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.51 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.05 537.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.70 537.10 Td (Company) Tj ET Q q 0 0 0 rg BT 461.03 537.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.02 537.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 484.82 537.10 Td (A) Tj ET Q q 0 0 0 rg BT 490.16 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.03 537.10 Td (common ) Tj ET Q q 0 0 0 rg BT 521.91 537.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 540.67 537.10 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 527.50 Td (a ) Tj ET Q q 0 0 0 rg BT 55.85 527.50 Td (lesser ) Tj ET Q q 0 0 0 rg BT 76.37 527.50 Td (number ) Tj ET Q q 0 0 0 rg BT 103.10 527.50 Td (of ) Tj ET Q q 0 0 0 rg BT 112.07 527.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 144.13 527.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 163.31 527.50 Td (units ) Tj ET Q q 0 0 0 rg BT 181.17 527.50 Td (\(RSUs\). ) Tj ET Q q 0 0 0 rg BT 216.41 527.50 Td (The ) Tj ET Q q 0 0 0 rg BT 231.15 527.50 Td (exchange ) Tj ET Q q 0 0 0 rg BT 263.65 527.50 Td (program ) Tj ET Q q 0 0 0 rg BT 293.05 527.50 Td (was ) Tj ET Q q 0 0 0 rg BT 307.79 527.50 Td (launched ) Tj ET Q q 0 0 0 rg BT 338.97 527.50 Td (on ) Tj ET Q q 0 0 0 rg BT 349.27 527.50 Td (May ) Tj ET Q q 0 0 0 rg BT 366.23 527.50 Td (24, ) Tj ET Q q 0 0 0 rg BT 378.53 527.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 396.83 527.50 Td (and ) Tj ET Q q 0 0 0 rg BT 410.68 527.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 446.30 527.50 Td (on ) Tj ET Q q 0 0 0 rg BT 456.60 527.50 Td (June ) Tj ET Q q 0 0 0 rg BT 473.57 527.50 Td (25, ) Tj ET Q q 0 0 0 rg BT 485.87 527.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 504.17 527.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.02 527.50 Td (1,618,000 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 517.90 Td (options ) Tj ET Q q 0 0 0 rg BT 74.73 517.90 Td (were ) Tj ET Q q 0 0 0 rg BT 91.44 517.90 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 126.81 517.90 Td (for ) Tj ET Q q 0 0 0 rg BT 137.31 517.90 Td (545,135 ) Tj ET Q q 0 0 0 rg BT 164.48 517.90 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 184.32 517.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 213.04 517.90 Td (to ) Tj ET Q q 0 0 0 rg BT 220.43 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 231.38 517.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 262.75 517.90 Td (program. ) Tj ET Q q 0 0 0 rg BT 292.93 517.90 Td (The ) Tj ET Q q 0 0 0 rg BT 306.54 517.90 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 326.39 517.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 347.55 517.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 376.27 517.90 Td (to ) Tj ET Q q 0 0 0 rg BT 383.67 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 394.61 517.90 Td (exchange ) Tj ET Q q 0 0 0 rg BT 425.98 517.90 Td (program ) Tj ET Q q 0 0 0 rg BT 454.25 517.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 468.31 517.90 Td (in ) Tj ET Q q 0 0 0 rg BT 475.70 517.90 Td (three ) Tj ET Q q 0 0 0 rg BT 492.85 517.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 511.35 517.90 Td (installments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 508.30 Td (from ) Tj ET Q q 0 0 0 rg BT 67.55 508.30 Td (the ) Tj ET Q q 0 0 0 rg BT 79.32 508.30 Td (date ) Tj ET Q q 0 0 0 rg BT 94.65 508.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.31 508.30 Td (grant.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 492.70 Td (As ) Tj ET Q q 0 0 0 rg BT 60.47 492.70 Td (described ) Tj ET Q q 0 0 0 rg BT 92.71 492.70 Td (below ) Tj ET Q q 0 0 0 rg BT 113.84 492.70 Td (under ) Tj ET Q q 0 0 0 rg BT 133.64 492.70 Td (Equity ) Tj ET Q q 0 0 0 rg BT 160.11 492.70 Td (Granting ) Tj ET Q q 0 0 0 rg BT 190.13 492.70 Td (Policy, ) Tj ET Q q 0 0 0 rg BT 217.71 492.70 Td (the ) Tj ET Q q 0 0 0 rg BT 229.06 492.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 276.86 492.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 314.00 492.70 Td (approves ) Tj ET Q q 0 0 0 rg BT 344.46 492.70 Td (all ) Tj ET Q q 0 0 0 rg BT 354.04 492.70 Td (grants ) Tj ET Q q 0 0 0 rg BT 375.17 492.70 Td (of ) Tj ET Q q 0 0 0 rg BT 383.42 492.70 Td (option ) Tj ET Q q 0 0 0 rg BT 405.45 492.70 Td (and ) Tj ET Q q 0 0 0 rg BT 418.58 492.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 449.93 492.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 468.40 492.70 Td (units ) Tj ET Q q 0 0 0 rg BT 485.54 492.70 Td (to ) Tj ET Q q 0 0 0 rg BT 493.34 492.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 518.03 492.70 Td (Executive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (Of) Tj ET Q q 0 0 0 rg BT 58.30 483.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 78.06 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.61 483.10 Td (other ) Tj ET Q q 0 0 0 rg BT 110.05 483.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 146.26 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.81 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.59 483.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 199.79 483.10 Td (price ) Tj ET Q q 0 0 0 rg BT 217.78 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.44 483.10 Td (all ) Tj ET Q q 0 0 0 rg BT 236.44 483.10 Td (option ) Tj ET Q q 0 0 0 rg BT 258.88 483.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 280.43 483.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.77 483.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 307.09 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.32 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.09 483.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 340.19 483.10 Td (market ) Tj ET Q q 0 0 0 rg BT 364.40 483.10 Td (value ) Tj ET Q q 0 0 0 rg BT 383.73 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.39 483.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.05 483.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 427.05 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.05 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.82 483.10 Td (date ) Tj ET Q q 0 0 0 rg BT 464.14 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.81 483.10 Td (grant.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 464.50 Td (Other) Tj ET Q q 0 0 0 rg BT 70.29 464.50 Td ( ) Tj ET Q q 0 0 0 rg BT 72.29 464.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 123.63 464.50 Td (Practices ) Tj ET Q q 0 0 0 rg BT 156.72 464.50 Td (and ) Tj ET Q q 0 0 0 rg BT 171.62 464.50 Td (Policies) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 448.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 83.09 448.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 131.31 448.90 Td (Recoupment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 433.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.63 433.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.92 433.30 Td (has ) Tj ET Q q 0 0 0 rg BT 110.77 433.30 Td (a ) Tj ET Q q 0 0 0 rg BT 116.51 433.30 Td (policy ) Tj ET Q q 0 0 0 rg BT 138.70 433.30 Td (that ) Tj ET Q q 0 0 0 rg BT 152.88 433.30 Td (permits ) Tj ET Q q 0 0 0 rg BT 179.06 433.30 Td (the ) Tj ET Q q 0 0 0 rg BT 191.02 433.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 239.43 433.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 277.17 433.30 Td (to ) Tj ET Q q 0 0 0 rg BT 285.58 433.30 Td (seek ) Tj ET Q q 0 0 0 rg BT 301.98 433.30 Td (recovery ) Tj ET Q q 0 0 0 rg BT 332.15 433.30 Td (of ) Tj ET Q q 0 0 0 rg BT 341.00 433.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 373.85 433.30 Td (of ) Tj ET Q q 0 0 0 rg BT 382.70 433.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 414.21 433.30 Td (plan ) Tj ET Q q 0 0 0 rg BT 430.17 433.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 476.79 433.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 501.63 433.30 Td (and ) Tj ET Q q 0 0 0 rg BT 515.37 433.30 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 543.34 433.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 423.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 74.75 423.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 108.38 423.70 Td (Of) Tj ET Q q 0 0 0 rg BT 116.67 423.70 Td (ficers ) Tj ET Q q 0 0 0 rg BT 136.08 423.70 Td (and ) Tj ET Q q 0 0 0 rg BT 149.28 423.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 172.68 423.70 Td (other ) Tj ET Q q 0 0 0 rg BT 190.77 423.70 Td (covered ) Tj ET Q q 0 0 0 rg BT 217.73 423.70 Td (senior ) Tj ET Q q 0 0 0 rg BT 238.92 423.70 Td (executives ) Tj ET Q q 0 0 0 rg BT 274.33 423.70 Td (if ) Tj ET Q q 0 0 0 rg BT 280.86 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 292.28 423.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.03 423.70 Td (is ) Tj ET Q q 0 0 0 rg BT 332.01 423.70 Td (required ) Tj ET Q q 0 0 0 rg BT 360.31 423.70 Td (to ) Tj ET Q q 0 0 0 rg BT 368.18 423.70 Td (restate ) Tj ET Q q 0 0 0 rg BT 390.70 423.70 Td (its ) Tj ET Q q 0 0 0 rg BT 399.90 423.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 429.53 423.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 464.94 423.70 Td (\(other ) Tj ET Q q 0 0 0 rg BT 485.69 423.70 Td (than ) Tj ET Q q 0 0 0 rg BT 501.11 423.70 Td (due ) Tj ET Q q 0 0 0 rg BT 514.30 423.70 Td (to ) Tj ET Q q 0 0 0 rg BT 522.17 423.70 Td (a ) Tj ET Q q 0 0 0 rg BT 527.36 423.70 Td (change ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 57.86 414.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 94.60 414.10 Td (rules\) ) Tj ET Q q 0 0 0 rg BT 114.45 414.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.76 414.10 Td (if ) Tj ET Q q 0 0 0 rg BT 129.28 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.70 414.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 182.75 414.10 Td (results ) Tj ET Q q 0 0 0 rg BT 205.28 414.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 230.47 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.33 414.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.52 414.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 272.71 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.01 414.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 311.97 414.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 358.04 414.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.45 414.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 393.75 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.61 414.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.80 414.10 Td (material ) Tj ET Q q 0 0 0 rg BT 434.65 414.10 Td (downward ) Tj ET Q q 0 0 0 rg BT 470.06 414.10 Td (adjustment. ) Tj ET Q q 0 0 0 rg BT 508.80 414.10 Td (For ) Tj ET Q q 0 0 0 rg BT 521.56 414.10 Td (purposes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 404.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.13 404.50 Td (this ) Tj ET Q q 0 0 0 rg BT 71.15 404.50 Td (policy) Tj ET Q q 0 0 0 rg BT 90.63 404.50 Td (, ) Tj ET Q q 0 0 0 rg BT 94.09 404.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 123.10 404.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.22 404.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 162.01 404.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 207.90 404.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 236.03 404.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 260.15 404.50 Td (of ) Tj ET Q q 0 0 0 rg BT 268.27 404.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 289.73 404.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 335.63 404.50 Td (under ) Tj ET Q q 0 0 0 rg BT 355.31 404.50 Td (the ) Tj ET Q q 0 0 0 rg BT 366.54 404.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 386.23 404.50 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 417.45 404.50 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 435.14 404.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 456.59 404.50 Td (this ) Tj ET Q q 0 0 0 rg BT 469.62 404.50 Td (policy) Tj ET Q q 0 0 0 rg BT 489.09 404.50 Td (, ) Tj ET Q q 0 0 0 rg BT 492.55 404.50 Td (the ) Tj ET Q q 0 0 0 rg BT 503.79 404.50 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 394.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 87.95 394.90 Td (has ) Tj ET Q q 0 0 0 rg BT 101.01 394.90 Td (discretion ) Tj ET Q q 0 0 0 rg BT 134.96 394.90 Td (to ) Tj ET Q q 0 0 0 rg BT 143.58 394.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 177.97 394.90 Td (what ) Tj ET Q q 0 0 0 rg BT 195.92 394.90 Td (action ) Tj ET Q q 0 0 0 rg BT 217.86 394.90 Td (it ) Tj ET Q q 0 0 0 rg BT 224.71 394.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 253.32 394.90 Td (is ) Tj ET Q q 0 0 0 rg BT 261.05 394.90 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 301.88 394.90 Td (which ) Tj ET Q q 0 0 0 rg BT 323.83 394.90 Td (may ) Tj ET Q q 0 0 0 rg BT 340.00 394.90 Td (include ) Tj ET Q q 0 0 0 rg BT 365.95 394.90 Td (recovery ) Tj ET Q q 0 0 0 rg BT 396.33 394.90 Td (or ) Tj ET Q q 0 0 0 rg BT 405.39 394.90 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 446.43 394.90 Td (of ) Tj ET Q q 0 0 0 rg BT 455.50 394.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 487.22 394.90 Td (payments, ) Tj ET Q q 0 0 0 rg BT 522.28 394.90 Td (and ) Tj ET Q q 0 0 0 rg BT 536.23 394.90 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 385.30 Td (consider ) Tj ET Q q 0 0 0 rg BT 79.49 385.30 Td (a ) Tj ET Q q 0 0 0 rg BT 85.43 385.30 Td (number ) Tj ET Q q 0 0 0 rg BT 112.25 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 121.30 385.30 Td (factors ) Tj ET Q q 0 0 0 rg BT 145.46 385.30 Td (in ) Tj ET Q q 0 0 0 rg BT 154.07 385.30 Td (determining ) Tj ET Q q 0 0 0 rg BT 195.11 385.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 223.27 385.30 Td (to ) Tj ET Q q 0 0 0 rg BT 231.88 385.30 Td (seek ) Tj ET Q q 0 0 0 rg BT 248.48 385.30 Td (recovery) Tj ET Q q 0 0 0 rg BT 275.94 385.30 Td (, ) Tj ET Q q 0 0 0 rg BT 280.33 385.30 Td (including ) Tj ET Q q 0 0 0 rg BT 312.93 385.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.09 385.30 Td (degree ) Tj ET Q q 0 0 0 rg BT 348.80 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 357.85 385.30 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 403.79 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 412.84 385.30 Td (a ) Tj ET Q q 0 0 0 rg BT 418.78 385.30 Td (covered ) Tj ET Q q 0 0 0 rg BT 446.49 385.30 Td (executive, ) Tj ET Q q 0 0 0 rg BT 481.52 385.30 Td (the ) Tj ET Q q 0 0 0 rg BT 493.68 385.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 520.07 385.30 Td (of ) Tj ET Q q 0 0 0 rg BT 529.12 385.30 Td (excess ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 375.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 96.43 375.70 Td (paid, ) Tj ET Q q 0 0 0 rg BT 114.21 375.70 Td (the ) Tj ET Q q 0 0 0 rg BT 125.98 375.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 143.98 375.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 178.86 375.70 Td (with ) Tj ET Q q 0 0 0 rg BT 195.08 375.70 Td (recovery ) Tj ET Q q 0 0 0 rg BT 225.06 375.70 Td (of ) Tj ET Q q 0 0 0 rg BT 233.72 375.70 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 282.16 375.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 317.03 375.70 Td (law ) Tj ET Q q 0 0 0 rg BT 330.58 375.70 Td (and ) Tj ET Q q 0 0 0 rg BT 344.13 375.70 Td (other ) Tj ET Q q 0 0 0 rg BT 362.57 375.70 Td (actions ) Tj ET Q q 0 0 0 rg BT 387.23 375.70 Td (the ) Tj ET Q q 0 0 0 rg BT 399.00 375.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.11 375.70 Td (or ) Tj ET Q q 0 0 0 rg BT 440.77 375.70 Td (third ) Tj ET Q q 0 0 0 rg BT 457.88 375.70 Td (parties ) Tj ET Q q 0 0 0 rg BT 481.21 375.70 Td (have ) Tj ET Q q 0 0 0 rg BT 498.31 375.70 Td (taken.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 69.32 360.10 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 106.44 360.10 Td (Guidelines) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 344.50 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 344.50 Td (e ) Tj ET Q q 0 0 0 rg BT 62.46 344.50 Td (encourage ) Tj ET Q q 0 0 0 rg BT 97.33 344.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 116.21 344.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 151.54 344.50 Td (by ) Tj ET Q q 0 0 0 rg BT 161.54 344.50 Td (executives ) Tj ET Q q 0 0 0 rg BT 197.30 344.50 Td (and ) Tj ET Q q 0 0 0 rg BT 210.86 344.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 240.84 344.50 Td (but ) Tj ET Q q 0 0 0 rg BT 253.07 344.50 Td (do ) Tj ET Q q 0 0 0 rg BT 263.07 344.50 Td (not ) Tj ET Q q 0 0 0 rg BT 275.29 344.50 Td (have ) Tj ET Q q 0 0 0 rg BT 292.39 344.50 Td (formal ) Tj ET Q q 0 0 0 rg BT 315.71 344.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 334.60 344.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 369.93 344.50 Td (guidelines.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 328.90 Td (Severance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 313.30 Td (As ) Tj ET Q q 0 0 0 rg BT 61.02 313.30 Td (is ) Tj ET Q q 0 0 0 rg BT 68.49 313.30 Td (customary ) Tj ET Q q 0 0 0 rg BT 103.95 313.30 Td (in ) Tj ET Q q 0 0 0 rg BT 112.30 313.30 Td (our ) Tj ET Q q 0 0 0 rg BT 125.10 313.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 154.56 313.30 Td (all ) Tj ET Q q 0 0 0 rg BT 164.69 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.48 313.30 Td (our ) Tj ET Q q 0 0 0 rg BT 186.28 313.30 Td (Named ) Tj ET Q q 0 0 0 rg BT 211.52 313.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 245.63 313.30 Td (Of) Tj ET Q q 0 0 0 rg BT 253.93 313.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 273.83 313.30 Td (have ) Tj ET Q q 0 0 0 rg BT 291.06 313.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 333.19 313.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 371.75 313.30 Td (with ) Tj ET Q q 0 0 0 rg BT 388.10 313.30 Td (us ) Tj ET Q q 0 0 0 rg BT 397.35 313.30 Td (or ) Tj ET Q q 0 0 0 rg BT 406.14 313.30 Td (one ) Tj ET Q q 0 0 0 rg BT 419.83 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 428.63 313.30 Td (our ) Tj ET Q q 0 0 0 rg BT 441.42 313.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 481.33 313.30 Td (and ) Tj ET Q q 0 0 0 rg BT 495.01 313.30 Td (these ) Tj ET Q q 0 0 0 rg BT 513.58 313.30 Td (agreements ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 303.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 76.17 303.70 Td (for ) Tj ET Q q 0 0 0 rg BT 87.22 303.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 133.39 303.70 Td (in ) Tj ET Q q 0 0 0 rg BT 141.34 303.70 Td (the ) Tj ET Q q 0 0 0 rg BT 152.84 303.70 Td (event ) Tj ET Q q 0 0 0 rg BT 171.90 303.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.29 303.70 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 218.90 303.70 Td (termination. ) Tj ET Q q 0 0 0 rg BT 259.39 303.70 Td (These ) Tj ET Q q 0 0 0 rg BT 280.22 303.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 318.83 303.70 Td (payments, ) Tj ET Q q 0 0 0 rg BT 353.21 303.70 Td (which ) Tj ET Q q 0 0 0 rg BT 374.50 303.70 Td (are ) Tj ET Q q 0 0 0 rg BT 385.99 303.70 Td (typically ) Tj ET Q q 0 0 0 rg BT 415.71 303.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 441.43 303.70 Td (by ) Tj ET Q q 0 0 0 rg BT 451.16 303.70 Td (local ) Tj ET Q q 0 0 0 rg BT 468.44 303.70 Td (practice ) Tj ET Q q 0 0 0 rg BT 495.48 303.70 Td (and ) Tj ET Q q 0 0 0 rg BT 508.76 303.70 Td (are ) Tj ET Q q 0 0 0 rg BT 520.25 303.70 Td (generally ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 76.20 294.10 Td (from ) Tj ET Q q 0 0 0 rg BT 93.95 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.93 294.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 127.69 294.10 Td (period ) Tj ET Q q 0 0 0 rg BT 150.33 294.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.20 294.10 Td (term ) Tj ET Q q 0 0 0 rg BT 176.07 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.94 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.92 294.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 224.89 294.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 267.09 294.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 304.61 294.10 Td (were ) Tj ET Q q 0 0 0 rg BT 322.36 294.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 357.89 294.10 Td (between ) Tj ET Q q 0 0 0 rg BT 386.75 294.10 Td (us ) Tj ET Q q 0 0 0 rg BT 396.07 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.82 294.10 Td (each ) Tj ET Q q 0 0 0 rg BT 426.68 294.10 Td (Named ) Tj ET Q q 0 0 0 rg BT 451.99 294.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 486.18 294.10 Td (Of) Tj ET Q q 0 0 0 rg BT 494.48 294.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 511.34 294.10 Td (individually ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 284.50 Td (and ) Tj ET Q q 0 0 0 rg BT 63.74 284.50 Td (do ) Tj ET Q q 0 0 0 rg BT 73.93 284.50 Td (not ) Tj ET Q q 0 0 0 rg BT 86.35 284.50 Td (conform ) Tj ET Q q 0 0 0 rg BT 115.64 284.50 Td (to ) Tj ET Q q 0 0 0 rg BT 124.05 284.50 Td (a ) Tj ET Q q 0 0 0 rg BT 129.80 284.50 Td (single ) Tj ET Q q 0 0 0 rg BT 151.10 284.50 Td (policy) Tj ET Q q 0 0 0 rg BT 170.57 284.50 Td (. ) Tj ET Q q 0 0 0 rg BT 174.61 284.50 Td (The ) Tj ET Q q 0 0 0 rg BT 189.24 284.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 207.43 284.50 Td (for ) Tj ET Q q 0 0 0 rg BT 218.95 284.50 Td (and ) Tj ET Q q 0 0 0 rg BT 232.69 284.50 Td (value ) Tj ET Q q 0 0 0 rg BT 252.21 284.50 Td (of ) Tj ET Q q 0 0 0 rg BT 261.06 284.50 Td (these ) Tj ET Q q 0 0 0 rg BT 279.69 284.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 318.76 284.50 Td (payments ) Tj ET Q q 0 0 0 rg BT 351.61 284.50 Td (is ) Tj ET Q q 0 0 0 rg BT 359.14 284.50 Td (further ) Tj ET Q q 0 0 0 rg BT 383.10 284.50 Td (described ) Tj ET Q q 0 0 0 rg BT 415.94 284.50 Td (and ) Tj ET Q q 0 0 0 rg BT 429.68 284.50 Td (quantified ) Tj ET Q q 0 0 0 rg BT 464.31 284.50 Td (under ) Tj ET Q q 0 0 0 rg BT 484.71 284.50 Td (Potential ) Tj ET Q q 0 0 0 rg BT 518.90 284.50 Td (Payments ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 274.90 Td (Upon ) Tj ET Q q 0 0 0 rg BT 69.63 274.90 Td (T) Tj ET Q q 0 0 0 rg BT 73.96 274.90 Td (ermination ) Tj ET Q q 0 0 0 rg BT 110.62 274.90 Td (or ) Tj ET Q q 0 0 0 rg BT 119.28 274.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 145.72 274.90 Td (of ) Tj ET Q q 0 0 0 rg BT 154.38 274.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 184.38 274.90 Td (below) Tj ET Q q 0 0 0 rg BT 203.41 274.90 Td (.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 259.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 98.22 259.30 Td (and ) Tj ET Q q 0 0 0 rg BT 112.22 259.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 155.99 259.30 Td (Consultants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 243.70 Td (During ) Tj ET Q q 0 0 0 rg BT 74.15 243.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 93.63 243.70 Td (neither ) Tj ET Q q 0 0 0 rg BT 117.33 243.70 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 243.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 176.29 243.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 213.33 243.70 Td (nor ) Tj ET Q q 0 0 0 rg BT 225.48 243.70 Td (management ) Tj ET Q q 0 0 0 rg BT 267.84 243.70 Td (engaged ) Tj ET Q q 0 0 0 rg BT 295.97 243.70 Td (anyone ) Tj ET Q q 0 0 0 rg BT 320.56 243.70 Td (to ) Tj ET Q q 0 0 0 rg BT 328.27 243.70 Td (serve ) Tj ET Q q 0 0 0 rg BT 346.63 243.70 Td (as ) Tj ET Q q 0 0 0 rg BT 354.78 243.70 Td (an ) Tj ET Q q 0 0 0 rg BT 363.82 243.70 Td (independent ) Tj ET Q q 0 0 0 rg BT 404.40 243.70 Td (advisor ) Tj ET Q q 0 0 0 rg BT 429.44 243.70 Td (on ) Tj ET Q q 0 0 0 rg BT 438.92 243.70 Td (executive ) Tj ET Q q 0 0 0 rg BT 471.06 243.70 Td (or ) Tj ET Q q 0 0 0 rg BT 479.21 243.70 Td (director ) Tj ET Q q 0 0 0 rg BT 505.57 243.70 Td (compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 75.55 234.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.21 234.10 Td (on ) Tj ET Q q 0 0 0 rg BT 94.21 234.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 126.43 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.98 234.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 166.86 234.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.86 234.10 Td (are ) Tj ET Q q 0 0 0 rg BT 192.62 234.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 217.28 234.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.50 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.28 234.10 Td (review ) Tj ET Q q 0 0 0 rg BT 261.04 234.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.71 234.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 299.70 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.36 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.13 234.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 368.35 234.10 Td (Committee.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 218.50 Td (Role ) Tj ET Q q 0 0 0 rg BT 66.66 218.50 Td (of ) Tj ET Q q 0 0 0 rg BT 74.88 218.50 Td (Executives ) Tj ET Q q 0 0 0 rg BT 111.08 218.50 Td (in ) Tj ET Q q 0 0 0 rg BT 119.30 218.50 Td (Establishing ) Tj ET Q q 0 0 0 rg BT 161.31 218.50 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 202.90 Td (The ) Tj ET Q q 0 0 0 rg BT 64.50 202.90 Td (co-CEOs, ) Tj ET Q q 0 0 0 rg BT 97.89 202.90 Td (the ) Tj ET Q q 0 0 0 rg BT 109.27 202.90 Td (Acting ) Tj ET Q q 0 0 0 rg BT 133.10 202.90 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 152.72 202.90 Td (the ) Tj ET Q q 0 0 0 rg BT 164.56 202.90 Td (General ) Tj ET Q q 0 0 0 rg BT 191.93 202.90 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 220.22 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 233.83 202.90 Td (other ) Tj ET Q q 0 0 0 rg BT 252.33 202.90 Td (members ) Tj ET Q q 0 0 0 rg BT 283.71 202.90 Td (of ) Tj ET Q q 0 0 0 rg BT 292.44 202.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 314.05 202.90 Td (management ) Tj ET Q q 0 0 0 rg BT 356.98 202.90 Td (have ) Tj ET Q q 0 0 0 rg BT 374.14 202.90 Td (participated ) Tj ET Q q 0 0 0 rg BT 413.96 202.90 Td (in ) Tj ET Q q 0 0 0 rg BT 422.24 202.90 Td (the ) Tj ET Q q 0 0 0 rg BT 434.08 202.90 Td (development ) Tj ET Q q 0 0 0 rg BT 477.46 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 491.07 202.90 Td (implementation ) Tj ET Q q 0 0 0 rg BT 543.34 202.90 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 193.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.33 193.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 105.54 193.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 151.54 193.30 Td (programs, ) Tj ET Q q 0 0 0 rg BT 185.32 193.30 Td (particularly ) Tj ET Q q 0 0 0 rg BT 223.76 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.10 193.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 257.99 193.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 288.87 193.30 Td (and ) Tj ET Q q 0 0 0 rg BT 301.99 193.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 335.10 193.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 356.66 193.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 387.55 193.30 Td (programs ) Tj ET Q q 0 0 0 rg BT 419.33 193.30 Td (in ) Tj ET Q q 0 0 0 rg BT 427.12 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 438.45 193.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 481.78 193.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 529.57 193.30 Td (Policy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 183.70 Td (Guidelines, ) Tj ET Q q 0 0 0 rg BT 89.55 183.70 Td (and ) Tj ET Q q 0 0 0 rg BT 104.00 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 116.66 183.70 Td (establishment ) Tj ET Q q 0 0 0 rg BT 163.55 183.70 Td (of ) Tj ET Q q 0 0 0 rg BT 173.10 183.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 197.32 183.70 Td (tar) Tj ET Q q 0 0 0 rg BT 205.61 183.70 Td (gets. ) Tj ET Q q 0 0 0 rg BT 223.39 183.70 Td (Once ) Tj ET Q q 0 0 0 rg BT 243.16 183.70 Td (formulated, ) Tj ET Q q 0 0 0 rg BT 283.15 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 295.82 183.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 340.47 183.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 389.59 183.70 Td (Policy ) Tj ET Q q 0 0 0 rg BT 412.92 183.70 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 450.48 183.70 Td (are ) Tj ET Q q 0 0 0 rg BT 463.13 183.70 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 495.34 183.70 Td (by ) Tj ET Q q 0 0 0 rg BT 506.24 183.70 Td (co-CEOs ) Tj ET Q q 0 0 0 rg BT 538.46 183.70 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 83.22 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.11 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.55 174.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 150.44 174.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 187.66 174.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.65 174.10 Td (its ) Tj ET Q q 0 0 0 rg BT 207.88 174.10 Td (review ) Tj ET Q q 0 0 0 rg BT 231.31 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.53 174.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 276.18 174.10 Td (From ) Tj ET Q q 0 0 0 rg BT 295.18 174.10 Td (time ) Tj ET Q q 0 0 0 rg BT 311.07 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.96 174.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 336.85 174.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 360.27 174.10 Td (executives, ) Tj ET Q q 0 0 0 rg BT 397.70 174.10 Td (including ) Tj ET Q q 0 0 0 rg BT 429.59 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.03 174.10 Td (co-CEOs, ) Tj ET Q q 0 0 0 rg BT 474.02 174.10 Td (may ) Tj ET Q q 0 0 0 rg BT 489.46 174.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.68 174.10 Td (invited ) Tj ET Q q 0 0 0 rg BT 522.57 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.46 174.10 Td (attend ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 164.50 Td (meetings ) Tj ET Q q 0 0 0 rg BT 80.96 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 89.71 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 101.57 164.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 149.87 164.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 187.50 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 195.80 164.50 Td (discuss ) Tj ET Q q 0 0 0 rg BT 221.00 164.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.19 164.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 300.71 164.50 Td (programs; ) Tj ET Q q 0 0 0 rg BT 335.23 164.50 Td (in ) Tj ET Q q 0 0 0 rg BT 343.53 164.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 373.83 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 385.69 164.50 Td (General ) Tj ET Q q 0 0 0 rg BT 413.09 164.50 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 441.39 164.50 Td (may ) Tj ET Q q 0 0 0 rg BT 457.25 164.50 Td (be ) Tj ET Q q 0 0 0 rg BT 466.88 164.50 Td (invited ) Tj ET Q q 0 0 0 rg BT 491.18 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 499.48 164.50 Td (attend ) Tj ET Q q 0 0 0 rg BT 521.11 164.50 Td (meetings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.90 Td (in ) Tj ET Q q 0 0 0 rg BT 58.27 154.90 Td (his ) Tj ET Q q 0 0 0 rg BT 69.66 154.90 Td (capacity ) Tj ET Q q 0 0 0 rg BT 98.35 154.90 Td (as ) Tj ET Q q 0 0 0 rg BT 107.07 154.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.22 154.90 Td (Secretary) Tj ET Q q 0 0 0 rg BT 169.91 154.90 Td (. ) Tj ET Q q 0 0 0 rg BT 173.81 154.90 Td (While ) Tj ET Q q 0 0 0 rg BT 195.40 154.90 Td (these ) Tj ET Q q 0 0 0 rg BT 213.89 154.90 Td (executives ) Tj ET Q q 0 0 0 rg BT 249.70 154.90 Td (may ) Tj ET Q q 0 0 0 rg BT 265.52 154.90 Td (be ) Tj ET Q q 0 0 0 rg BT 275.12 154.90 Td (asked ) Tj ET Q q 0 0 0 rg BT 295.39 154.90 Td (to ) Tj ET Q q 0 0 0 rg BT 303.66 154.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 330.15 154.90 Td (input ) Tj ET Q q 0 0 0 rg BT 348.64 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 362.24 154.90 Td (perspective, ) Tj ET Q q 0 0 0 rg BT 402.71 154.90 Td (only ) Tj ET Q q 0 0 0 rg BT 418.98 154.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 467.25 154.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 504.85 154.90 Td (members ) Tj ET Q q 0 0 0 rg BT 536.23 154.90 Td (vote ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.30 Td (on ) Tj ET Q q 0 0 0 rg BT 60.00 145.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 92.65 145.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 139.08 145.30 Td (matters. ) Tj ET Q q 0 0 0 rg BT 166.48 145.30 Td (These ) Tj ET Q q 0 0 0 rg BT 187.59 145.30 Td (votes ) Tj ET Q q 0 0 0 rg BT 206.47 145.30 Td (take ) Tj ET Q q 0 0 0 rg BT 221.80 145.30 Td (place ) Tj ET Q q 0 0 0 rg BT 240.67 145.30 Td (in ) Tj ET Q q 0 0 0 rg BT 248.89 145.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 281.54 145.30 Td (session, ) Tj ET Q q 0 0 0 rg BT 308.66 145.30 Td (when ) Tj ET Q q 0 0 0 rg BT 327.98 145.30 Td (no ) Tj ET Q q 0 0 0 rg BT 337.98 145.30 Td (members ) Tj ET Q q 0 0 0 rg BT 369.31 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.97 145.30 Td (management ) Tj ET Q q 0 0 0 rg BT 420.84 145.30 Td (are ) Tj ET Q q 0 0 0 rg BT 432.61 145.30 Td (in ) Tj ET Q q 0 0 0 rg BT 440.83 145.30 Td (attendance.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 129.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 98.22 129.70 Td (Risk ) Tj ET Q q 0 0 0 rg BT 113.85 129.70 Td (Assessment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (In ) Tj ET Q q 0 0 0 rg BT 58.07 114.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 97.69 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.65 114.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 144.04 114.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 176.09 114.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 223.93 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.11 114.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 282.73 114.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 319.69 114.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 347.30 114.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.70 114.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 392.75 114.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 438.59 114.10 Td (has ) Tj ET Q q 0 0 0 rg BT 450.66 114.10 Td (been ) Tj ET Q q 0 0 0 rg BT 467.17 114.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 497.01 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.96 114.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 540.24 114.10 Td (among ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 104.50 Td (base ) Tj ET Q q 0 0 0 rg BT 66.00 104.50 Td (salary ) Tj ET Q q 0 0 0 rg BT 86.89 104.50 Td (and ) Tj ET Q q 0 0 0 rg BT 100.22 104.50 Td (short-term ) Tj ET Q q 0 0 0 rg BT 135.33 104.50 Td (and ) Tj ET Q q 0 0 0 rg BT 148.67 104.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 182.00 104.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 228.22 104.50 Td (in ) Tj ET Q q 0 0 0 rg BT 236.23 104.50 Td (a ) Tj ET Q q 0 0 0 rg BT 241.56 104.50 Td (manner ) Tj ET Q q 0 0 0 rg BT 267.34 104.50 Td (that ) Tj ET Q q 0 0 0 rg BT 281.12 104.50 Td (does ) Tj ET Q q 0 0 0 rg BT 297.57 104.50 Td (not ) Tj ET Q q 0 0 0 rg BT 309.57 104.50 Td (encourage ) Tj ET Q q 0 0 0 rg BT 344.23 104.50 Td (excessive ) Tj ET Q q 0 0 0 rg BT 376.66 104.50 Td (risk-taking ) Tj ET Q q 0 0 0 rg BT 413.11 104.50 Td (by ) Tj ET Q q 0 0 0 rg BT 422.89 104.50 Td (management ) Tj ET Q q 0 0 0 rg BT 465.55 104.50 Td (that ) Tj ET Q q 0 0 0 rg BT 479.33 104.50 Td (may ) Tj ET Q q 0 0 0 rg BT 494.89 104.50 Td (harm ) Tj ET Q q 0 0 0 rg BT 513.11 104.50 Td (the ) Tj ET Q q 0 0 0 rg BT 524.67 104.50 Td (value ) Tj ET Q q 0 0 0 rg BT 543.78 104.50 Td (of ) Tj ET Q q 0 0 0 rg BT 552.23 104.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 94.90 Td (Company) Tj ET Q q 0 0 0 rg BT 80.59 94.90 Td (, ) Tj ET Q q 0 0 0 rg BT 84.59 94.90 Td (reward ) Tj ET Q q 0 0 0 rg BT 108.80 94.90 Td (poor ) Tj ET Q q 0 0 0 rg BT 125.46 94.90 Td (judgment ) Tj ET Q q 0 0 0 rg BT 157.68 94.90 Td (or ) Tj ET Q q 0 0 0 rg BT 166.34 94.90 Td (is ) Tj ET Q q 0 0 0 rg BT 173.68 94.90 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 210.33 94.90 Td (likely ) Tj ET Q q 0 0 0 rg BT 230.55 94.90 Td (to ) Tj ET Q q 0 0 0 rg BT 238.77 94.90 Td (have ) Tj ET Q q 0 0 0 rg BT 255.88 94.90 Td (a ) Tj ET Q q 0 0 0 rg BT 261.43 94.90 Td (material ) Tj ET Q q 0 0 0 rg BT 289.63 94.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 316.06 94.90 Td (ef) Tj ET Q q 0 0 0 rg BT 322.13 94.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 336.12 94.90 Td (on ) Tj ET Q q 0 0 0 rg BT 346.12 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 357.89 94.90 Td (Company) Tj ET Q q 0 0 0 rg BT 388.48 94.90 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 79.30 Td (Base ) Tj ET Q q 0 0 0 rg BT 67.71 79.30 Td (salaries ) Tj ET Q q 0 0 0 rg BT 93.85 79.30 Td (are ) Tj ET Q q 0 0 0 rg BT 105.77 79.30 Td (designed ) Tj ET Q q 0 0 0 rg BT 136.36 79.30 Td (to ) Tj ET Q q 0 0 0 rg BT 144.74 79.30 Td (be ) Tj ET Q q 0 0 0 rg BT 154.44 79.30 Td (consistent ) Tj ET Q q 0 0 0 rg BT 188.59 79.30 Td (with ) Tj ET Q q 0 0 0 rg BT 204.97 79.30 Td (an ) Tj ET Q q 0 0 0 rg BT 214.67 79.30 Td (executive) Tj ET Q q 0 0 0 rg BT 247.54 79.30 Td (s ) Tj ET Q q 0 0 0 rg BT 252.81 79.30 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 303.41 79.30 Td (and ) Tj ET Q q 0 0 0 rg BT 317.11 79.30 Td (to ) Tj ET Q q 0 0 0 rg BT 325.49 79.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 352.08 79.30 Td (suf) Tj ET Q q 0 0 0 rg BT 361.71 79.30 Td (ficient ) Tj ET Q q 0 0 0 rg BT 384.30 79.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 414.44 79.30 Td (security ) Tj ET Q q 0 0 0 rg BT 441.92 79.30 Td (as ) Tj ET Q q 0 0 0 rg BT 450.74 79.30 Td (a ) Tj ET Q q 0 0 0 rg BT 456.44 79.30 Td (proportion ) Tj ET Q q 0 0 0 rg BT 492.37 79.30 Td (of ) Tj ET Q q 0 0 0 rg BT 501.19 79.30 Td (total ) Tj ET Q q 0 0 0 rg BT 517.56 79.30 Td (compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 69.70 Td (so ) Tj ET Q q 0 0 0 rg BT 59.11 69.70 Td (as ) Tj ET Q q 0 0 0 rg BT 67.78 69.70 Td (not ) Tj ET Q q 0 0 0 rg BT 80.00 69.70 Td (to ) Tj ET Q q 0 0 0 rg BT 88.22 69.70 Td (promote ) Tj ET Q q 0 0 0 rg BT 116.88 69.70 Td (unnecessary ) Tj ET Q q 0 0 0 rg BT 157.98 69.70 Td (or ) Tj ET Q q 0 0 0 rg BT 166.64 69.70 Td (excessive ) Tj ET Q q 0 0 0 rg BT 199.29 69.70 Td (risk-taking ) Tj ET Q q 0 0 0 rg BT 235.95 69.70 Td (when ) Tj ET Q q 0 0 0 rg BT 255.28 69.70 Td (earning ) Tj ET Q q 0 0 0 rg BT 281.27 69.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 327.70 69.70 Td (under ) Tj ET Q q 0 0 0 rg BT 347.92 69.70 Td (the ) Tj ET Q q 0 0 0 rg BT 359.69 69.70 Td (Company) Tj ET Q q 0 0 0 rg BT 393.02 69.70 Td (s ) Tj ET Q q 0 0 0 rg BT 398.14 69.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 429.46 69.70 Td (plans.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 33.00 Td (99) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (Historically) Tj ET Q q 0 0 0 rg BT 87.25 743.50 Td (, ) Tj ET Q q 0 0 0 rg BT 91.20 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 102.93 743.50 Td (Company) Tj ET Q q 0 0 0 rg BT 136.26 743.50 Td (s ) Tj ET Q q 0 0 0 rg BT 141.33 743.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 177.95 743.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 209.22 743.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 224.95 743.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 249.56 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 260.84 743.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 282.34 743.50 Td (management ) Tj ET Q q 0 0 0 rg BT 325.17 743.50 Td (have ) Tj ET Q q 0 0 0 rg BT 342.23 743.50 Td (been, ) Tj ET Q q 0 0 0 rg BT 361.28 743.50 Td (in ) Tj ET Q q 0 0 0 rg BT 369.46 743.50 Td (general, ) Tj ET Q q 0 0 0 rg BT 396.95 743.50 Td (based ) Tj ET Q q 0 0 0 rg BT 417.12 743.50 Td (on ) Tj ET Q q 0 0 0 rg BT 427.07 743.50 Td (achieving ) Tj ET Q q 0 0 0 rg BT 460.13 743.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 483.40 743.50 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 508.29 743.50 Td ( ) Tj ET Q q 0 0 0 rg BT 510.25 743.50 Td (tar) Tj ET Q q 0 0 0 rg BT 518.54 743.50 Td (gets. ) Tj ET Q q 0 0 0 rg BT 535.38 743.50 Td (In ) Tj ET Q q 0 0 0 rg BT 544.00 743.50 Td (2013, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 733.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 86.65 733.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 117.97 733.90 Td (plan ) Tj ET Q q 0 0 0 rg BT 133.73 733.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 158.38 733.90 Td (that ) Tj ET Q q 0 0 0 rg BT 172.37 733.90 Td (could ) Tj ET Q q 0 0 0 rg BT 192.14 733.90 Td (be ) Tj ET Q q 0 0 0 rg BT 201.68 733.90 Td (earned ) Tj ET Q q 0 0 0 rg BT 224.99 733.90 Td (by ) Tj ET Q q 0 0 0 rg BT 234.99 733.90 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 262.31 733.90 Td (Named ) Tj ET Q q 0 0 0 rg BT 287.40 733.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 321.38 733.90 Td (Of) Tj ET Q q 0 0 0 rg BT 329.68 733.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 349.43 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 362.98 733.90 Td (other ) Tj ET Q q 0 0 0 rg BT 381.41 733.90 Td (employees ) Tj ET Q q 0 0 0 rg BT 417.61 733.90 Td (under ) Tj ET Q q 0 0 0 rg BT 437.82 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 449.59 733.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 493.34 733.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 541.55 733.90 Td (Policy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 724.30 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 87.05 724.30 Td (were ) Tj ET Q q 0 0 0 rg BT 104.98 724.30 Td (based ) Tj ET Q q 0 0 0 rg BT 125.58 724.30 Td (on ) Tj ET Q q 0 0 0 rg BT 135.97 724.30 Td (achieving ) Tj ET Q q 0 0 0 rg BT 169.46 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 175.40 724.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 220.01 724.30 Td (Budgeted ) Tj ET Q q 0 0 0 rg BT 253.05 724.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 277.95 724.30 Td ( ) Tj ET Q q 0 0 0 rg BT 280.33 724.30 Td (tar) Tj ET Q q 0 0 0 rg BT 288.63 724.30 Td (get ) Tj ET Q q 0 0 0 rg BT 300.79 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 314.73 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 320.67 724.30 Td (Direct ) Tj ET Q q 0 0 0 rg BT 343.04 724.30 Td (Free ) Tj ET Q q 0 0 0 rg BT 359.65 724.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 378.04 724.30 Td (Flow ) Tj ET Q q 0 0 0 rg BT 396.88 724.30 Td (tar) Tj ET Q q 0 0 0 rg BT 405.17 724.30 Td (get ) Tj ET Q q 0 0 0 rg BT 417.33 724.30 Td (as ) Tj ET Q q 0 0 0 rg BT 426.38 724.30 Td (well ) Tj ET Q q 0 0 0 rg BT 442.54 724.30 Td (as ) Tj ET Q q 0 0 0 rg BT 451.60 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 457.54 724.30 Td (number ) Tj ET Q q 0 0 0 rg BT 484.36 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 493.42 724.30 Td (individual ) Tj ET Q q 0 0 0 rg BT 528.25 724.30 Td (qualitative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 714.70 Td (tar) Tj ET Q q 0 0 0 rg BT 58.29 714.70 Td (gets; ) Tj ET Q q 0 0 0 rg BT 75.30 714.70 Td (provided, ) Tj ET Q q 0 0 0 rg BT 107.64 714.70 Td (that ) Tj ET Q q 0 0 0 rg BT 121.54 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 133.21 714.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.22 714.70 Td (achieved ) Tj ET Q q 0 0 0 rg BT 196.55 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 714.70 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 233.11 714.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.87 714.70 Td (Threshold. ) Tj ET Q q 0 0 0 rg BT 271.08 714.70 Td (While ) Tj ET Q q 0 0 0 rg BT 292.52 714.70 Td (this ) Tj ET Q q 0 0 0 rg BT 305.98 714.70 Td (may ) Tj ET Q q 0 0 0 rg BT 321.66 714.70 Td (encourage ) Tj ET Q q 0 0 0 rg BT 356.42 714.70 Td (taking ) Tj ET Q q 0 0 0 rg BT 378.32 714.70 Td (short-term ) Tj ET Q q 0 0 0 rg BT 413.54 714.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 430.56 714.70 Td (at ) Tj ET Q q 0 0 0 rg BT 438.23 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 449.91 714.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 477.57 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 486.14 714.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 519.58 714.70 Td (performance, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 61.42 705.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.29 705.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 146.49 705.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 174.35 705.10 Td (that ) Tj ET Q q 0 0 0 rg BT 188.00 705.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.20 705.10 Td (number ) Tj ET Q q 0 0 0 rg BT 219.28 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.60 705.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 251.01 705.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 293.10 705.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 320.97 705.10 Td (such ) Tj ET Q q 0 0 0 rg BT 337.28 705.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 352.93 705.10 Td (First, ) Tj ET Q q 0 0 0 rg BT 371.25 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.67 705.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 430.54 705.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 467.74 705.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 495.60 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.03 705.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 530.00 705.10 Td (budgeting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 695.50 Td (process ) Tj ET Q q 0 0 0 rg BT 76.35 695.50 Td (results ) Tj ET Q q 0 0 0 rg BT 99.60 695.50 Td (in ) Tj ET Q q 0 0 0 rg BT 108.18 695.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.31 695.50 Td (establishment ) Tj ET Q q 0 0 0 rg BT 166.66 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.68 695.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 199.36 695.50 Td (tar) Tj ET Q q 0 0 0 rg BT 207.66 695.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 222.90 695.50 Td (that ) Tj ET Q q 0 0 0 rg BT 237.26 695.50 Td (are ) Tj ET Q q 0 0 0 rg BT 249.38 695.50 Td (based ) Tj ET Q q 0 0 0 rg BT 269.95 695.50 Td (on ) Tj ET Q q 0 0 0 rg BT 280.31 695.50 Td (a ) Tj ET Q q 0 0 0 rg BT 286.22 695.50 Td (longer) Tj ET Q q 0 0 0 rg BT 306.50 695.50 Td (-term ) Tj ET Q q 0 0 0 rg BT 326.18 695.50 Td (strategic ) Tj ET Q q 0 0 0 rg BT 355.64 695.50 Td (vision ) Tj ET Q q 0 0 0 rg BT 377.55 695.50 Td (for ) Tj ET Q q 0 0 0 rg BT 389.24 695.50 Td (the ) Tj ET Q q 0 0 0 rg BT 401.37 695.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 434.84 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 448.75 695.50 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 486.66 695.50 Td (value ) Tj ET Q q 0 0 0 rg BT 506.34 695.50 Td (creation. ) Tj ET Q q 0 0 0 rg BT 536.46 695.50 Td (Second, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 685.90 Td (having ) Tj ET Q q 0 0 0 rg BT 73.45 685.90 Td (a ) Tj ET Q q 0 0 0 rg BT 78.68 685.90 Td (number ) Tj ET Q q 0 0 0 rg BT 104.79 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 113.14 685.90 Td (tar) Tj ET Q q 0 0 0 rg BT 121.43 685.90 Td (gets ) Tj ET Q q 0 0 0 rg BT 135.99 685.90 Td (that ) Tj ET Q q 0 0 0 rg BT 149.67 685.90 Td (serve ) Tj ET Q q 0 0 0 rg BT 168.22 685.90 Td (dif) Tj ET Q q 0 0 0 rg BT 176.97 685.90 Td (ferent ) Tj ET Q q 0 0 0 rg BT 197.30 685.90 Td (goals ) Tj ET Q q 0 0 0 rg BT 215.86 685.90 Td (mitigates ) Tj ET Q q 0 0 0 rg BT 246.87 685.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.32 685.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 272.00 685.90 Td (that ) Tj ET Q q 0 0 0 rg BT 285.67 685.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 309.11 685.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 341.90 685.90 Td (objectives ) Tj ET Q q 0 0 0 rg BT 376.01 685.90 Td (will ) Tj ET Q q 0 0 0 rg BT 390.13 685.90 Td (be ) Tj ET Q q 0 0 0 rg BT 399.36 685.90 Td (achieved ) Tj ET Q q 0 0 0 rg BT 429.46 685.90 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 447.36 685.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 482.80 685.90 Td (audience ) Tj ET Q q 0 0 0 rg BT 512.91 685.90 Td (share ) Tj ET Q q 0 0 0 rg BT 531.46 685.90 Td (or ) Tj ET Q q 0 0 0 rg BT 539.80 685.90 Td (market ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 676.30 Td (share\) ) Tj ET Q q 0 0 0 rg BT 71.69 676.30 Td (at ) Tj ET Q q 0 0 0 rg BT 79.62 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 91.54 676.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 119.46 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 128.28 676.30 Td (others ) Tj ET Q q 0 0 0 rg BT 149.98 676.30 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 168.34 676.30 Td (controlling ) Tj ET Q q 0 0 0 rg BT 205.60 676.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 223.75 676.30 Td (and ) Tj ET Q q 0 0 0 rg BT 237.46 676.30 Td (generating ) Tj ET Q q 0 0 0 rg BT 273.37 676.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 300.85 676.30 Td (free ) Tj ET Q q 0 0 0 rg BT 315.43 676.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 331.80 676.30 Td (flow\) ) Tj ET Q q 0 0 0 rg BT 351.28 676.30 Td (and ) Tj ET Q q 0 0 0 rg BT 364.98 676.30 Td (having ) Tj ET Q q 0 0 0 rg BT 388.91 676.30 Td (an ) Tj ET Q q 0 0 0 rg BT 398.61 676.30 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 423.50 676.30 Td ( ) Tj ET Q q 0 0 0 rg BT 425.49 676.30 Td (Threshold ) Tj ET Q q 0 0 0 rg BT 460.08 676.30 Td (limits ) Tj ET Q q 0 0 0 rg BT 480.46 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 492.39 676.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 518.53 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 527.35 676.30 Td (non-equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 666.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 80.85 666.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 96.15 666.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 120.34 666.70 Td (that ) Tj ET Q q 0 0 0 rg BT 133.87 666.70 Td (can ) Tj ET Q q 0 0 0 rg BT 146.50 666.70 Td (be ) Tj ET Q q 0 0 0 rg BT 155.58 666.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 178.43 666.70 Td (in ) Tj ET Q q 0 0 0 rg BT 186.18 666.70 Td (the ) Tj ET Q q 0 0 0 rg BT 197.48 666.70 Td (event ) Tj ET Q q 0 0 0 rg BT 216.34 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 224.53 666.70 Td (poor ) Tj ET Q q 0 0 0 rg BT 240.73 666.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 264.47 666.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.11 666.70 Td (performance. ) Tj ET Q q 0 0 0 rg BT 340.95 666.70 Td (This ) Tj ET Q q 0 0 0 rg BT 356.70 666.70 Td (encourages ) Tj ET Q q 0 0 0 rg BT 394.21 666.70 Td (management ) Tj ET Q q 0 0 0 rg BT 436.61 666.70 Td (to ) Tj ET Q q 0 0 0 rg BT 444.36 666.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 463.22 666.70 Td (on ) Tj ET Q q 0 0 0 rg BT 472.75 666.70 Td (sustained ) Tj ET Q q 0 0 0 rg BT 504.06 666.70 Td (profitable ) Tj ET Q q 0 0 0 rg BT 536.68 666.70 Td (revenue ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 657.10 Td (generation. ) Tj ET Q q 0 0 0 rg BT 87.75 657.10 Td (Third, ) Tj ET Q q 0 0 0 rg BT 109.67 657.10 Td (rewarding ) Tj ET Q q 0 0 0 rg BT 144.25 657.10 Td (key ) Tj ET Q q 0 0 0 rg BT 157.95 657.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 179.64 657.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 215.55 657.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.92 657.10 Td (part ) Tj ET Q q 0 0 0 rg BT 238.50 657.10 Td (on ) Tj ET Q q 0 0 0 rg BT 248.65 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.57 657.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 278.72 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.53 657.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 320.77 657.10 Td (Company-wide ) Tj ET Q q 0 0 0 rg BT 372.24 657.10 Td (tar) Tj ET Q q 0 0 0 rg BT 380.54 657.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 395.57 657.10 Td (ensures ) Tj ET Q q 0 0 0 rg BT 421.71 657.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.85 657.10 Td (they ) Tj ET Q q 0 0 0 rg BT 451.77 657.10 Td (are ) Tj ET Q q 0 0 0 rg BT 463.68 657.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 490.71 657.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.85 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.77 657.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 555.34 657.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 647.50 Td (the ) Tj ET Q q 0 0 0 rg BT 61.86 647.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 95.06 647.50 Td (as ) Tj ET Q q 0 0 0 rg BT 103.81 647.50 Td (a ) Tj ET Q q 0 0 0 rg BT 109.45 647.50 Td (whole. ) Tj ET Q q 0 0 0 rg BT 132.93 647.50 Td (While ) Tj ET Q q 0 0 0 rg BT 154.57 647.50 Td (rewarding ) Tj ET Q q 0 0 0 rg BT 189.08 647.50 Td (division ) Tj ET Q q 0 0 0 rg BT 216.95 647.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 238.59 647.50 Td (executives ) Tj ET Q q 0 0 0 rg BT 274.44 647.50 Td (for ) Tj ET Q q 0 0 0 rg BT 285.85 647.50 Td (divisional ) Tj ET Q q 0 0 0 rg BT 319.49 647.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 362.00 647.50 Td (may ) Tj ET Q q 0 0 0 rg BT 377.86 647.50 Td (result ) Tj ET Q q 0 0 0 rg BT 397.72 647.50 Td (in ) Tj ET Q q 0 0 0 rg BT 406.03 647.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 420.12 647.50 Td (taking, ) Tj ET Q q 0 0 0 rg BT 444.20 647.50 Td (their ) Tj ET Q q 0 0 0 rg BT 460.95 647.50 Td (tar) Tj ET Q q 0 0 0 rg BT 469.24 647.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 484.21 647.50 Td (have ) Tj ET Q q 0 0 0 rg BT 501.40 647.50 Td (also ) Tj ET Q q 0 0 0 rg BT 516.37 647.50 Td (been ) Tj ET Q q 0 0 0 rg BT 533.56 647.50 Td (designed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 637.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.14 637.90 Td (serve ) Tj ET Q q 0 0 0 rg BT 76.93 637.90 Td (dif) Tj ET Q q 0 0 0 rg BT 85.67 637.90 Td (ferent ) Tj ET Q q 0 0 0 rg BT 106.24 637.90 Td (goals, ) Tj ET Q q 0 0 0 rg BT 127.04 637.90 Td (which ) Tj ET Q q 0 0 0 rg BT 148.51 637.90 Td (mitigates ) Tj ET Q q 0 0 0 rg BT 179.75 637.90 Td (this ) Tj ET Q q 0 0 0 rg BT 193.23 637.90 Td (possibility) Tj ET Q q 0 0 0 rg BT 226.05 637.90 Td (. ) Tj ET Q q 0 0 0 rg BT 229.96 637.90 Td (Fourth, ) Tj ET Q q 0 0 0 rg BT 255.21 637.90 Td (provisions ) Tj ET Q q 0 0 0 rg BT 290.46 637.90 Td (in ) Tj ET Q q 0 0 0 rg BT 298.60 637.90 Td (our ) Tj ET Q q 0 0 0 rg BT 311.18 637.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 354.86 637.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 402.99 637.90 Td (Policy ) Tj ET Q q 0 0 0 rg BT 425.35 637.90 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 461.93 637.90 Td (that ) Tj ET Q q 0 0 0 rg BT 475.84 637.90 Td (permit ) Tj ET Q q 0 0 0 rg BT 498.63 637.90 Td (senior ) Tj ET Q q 0 0 0 rg BT 520.10 637.90 Td (executives ) Tj ET Q q 0 0 0 rg BT 555.78 637.90 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 628.30 Td (be ) Tj ET Q q 0 0 0 rg BT 59.55 628.30 Td (rewarded ) Tj ET Q q 0 0 0 rg BT 91.31 628.30 Td (for ) Tj ET Q q 0 0 0 rg BT 102.64 628.30 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 138.40 628.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 180.82 628.30 Td (reasons ) Tj ET Q q 0 0 0 rg BT 206.81 628.30 Td (can ) Tj ET Q q 0 0 0 rg BT 219.91 628.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 243.23 628.30 Td (the ) Tj ET Q q 0 0 0 rg BT 255.00 628.30 Td (influence ) Tj ET Q q 0 0 0 rg BT 286.77 628.30 Td (of ) Tj ET Q q 0 0 0 rg BT 295.43 628.30 Td (formulae ) Tj ET Q q 0 0 0 rg BT 326.30 628.30 Td (in ) Tj ET Q q 0 0 0 rg BT 334.53 628.30 Td (the ) Tj ET Q q 0 0 0 rg BT 346.30 628.30 Td (determination ) Tj ET Q q 0 0 0 rg BT 392.73 628.30 Td (of ) Tj ET Q q 0 0 0 rg BT 401.39 628.30 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 441.16 628.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 483.58 628.30 Td (awards.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 612.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.89 612.70 Td (the ) Tj ET Q q 0 0 0 rg BT 83.56 612.70 Td (Company) Tj ET Q q 0 0 0 rg BT 116.89 612.70 Td (s ) Tj ET Q q 0 0 0 rg BT 121.90 612.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 143.79 612.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 175.00 612.70 Td (plans, ) Tj ET Q q 0 0 0 rg BT 195.79 612.70 Td (the ) Tj ET Q q 0 0 0 rg BT 207.46 612.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 255.57 612.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 293.02 612.70 Td (also ) Tj ET Q q 0 0 0 rg BT 307.80 612.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 332.35 612.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 364.01 612.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 382.79 612.70 Td (units ) Tj ET Q q 0 0 0 rg BT 400.24 612.70 Td (to ) Tj ET Q q 0 0 0 rg BT 408.36 612.70 Td (senior ) Tj ET Q q 0 0 0 rg BT 429.81 612.70 Td (management ) Tj ET Q q 0 0 0 rg BT 472.58 612.70 Td (and ) Tj ET Q q 0 0 0 rg BT 486.02 612.70 Td (other ) Tj ET Q q 0 0 0 rg BT 504.35 612.70 Td (senior ) Tj ET Q q 0 0 0 rg BT 525.80 612.70 Td (employees. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 603.10 Td (As ) Tj ET Q q 0 0 0 rg BT 60.87 603.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.39 603.10 Td (general ) Tj ET Q q 0 0 0 rg BT 91.91 603.10 Td (rule, ) Tj ET Q q 0 0 0 rg BT 108.32 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.07 603.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 168.27 603.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 205.80 603.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 235.32 603.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.63 603.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 268.60 603.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 293.23 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.43 603.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 337.62 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.82 603.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 360.68 603.10 Td (over ) Tj ET Q q 0 0 0 rg BT 376.88 603.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.40 603.10 Td (four) Tj ET Q q 0 0 0 rg BT 395.57 603.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 413.98 603.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 438.39 603.10 Td (which ) Tj ET Q q 0 0 0 rg BT 459.92 603.10 Td (encourages ) Tj ET Q q 0 0 0 rg BT 497.88 603.10 Td (grantees ) Tj ET Q q 0 0 0 rg BT 526.50 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.70 603.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 554.01 603.10 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 593.50 Td (the ) Tj ET Q q 0 0 0 rg BT 62.07 593.50 Td (longer) Tj ET Q q 0 0 0 rg BT 82.35 593.50 Td (-term ) Tj ET Q q 0 0 0 rg BT 101.96 593.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 144.68 593.50 Td (of ) Tj ET Q q 0 0 0 rg BT 153.64 593.50 Td (the ) Tj ET Q q 0 0 0 rg BT 165.71 593.50 Td (Company) Tj ET Q q 0 0 0 rg BT 196.29 593.50 Td (. ) Tj ET Q q 0 0 0 rg BT 200.59 593.50 Td (In ) Tj ET Q q 0 0 0 rg BT 209.55 593.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 240.06 593.50 Td (the ) Tj ET Q q 0 0 0 rg BT 252.13 593.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 300.64 593.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 338.49 593.50 Td (awarded ) Tj ET Q q 0 0 0 rg BT 367.88 593.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 431.47 593.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 456.42 593.50 Td (to ) Tj ET Q q 0 0 0 rg BT 464.94 593.50 Td (the ) Tj ET Q q 0 0 0 rg BT 477.01 593.50 Td (Eligible ) Tj ET Q q 0 0 0 rg BT 504.63 593.50 Td (Named ) Tj ET Q q 0 0 0 rg BT 530.03 593.50 Td (Executive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 583.90 Td (Of) Tj ET Q q 0 0 0 rg BT 58.30 583.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 78.02 583.90 Td (in ) Tj ET Q q 0 0 0 rg BT 86.21 583.90 Td (2013. ) Tj ET Q q 0 0 0 rg BT 105.74 583.90 Td (A) Tj ET Q q 0 0 0 rg BT 110.78 583.90 Td (wards ) Tj ET Q q 0 0 0 rg BT 131.85 583.90 Td (under ) Tj ET Q q 0 0 0 rg BT 152.02 583.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.76 583.90 Td (Company) Tj ET Q q 0 0 0 rg BT 197.09 583.90 Td (s ) Tj ET Q q 0 0 0 rg BT 202.17 583.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 224.13 583.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 255.41 583.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 274.26 583.90 Td (create ) Tj ET Q q 0 0 0 rg BT 295.31 583.90 Td (an ) Tj ET Q q 0 0 0 rg BT 304.82 583.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 336.10 583.90 Td (for ) Tj ET Q q 0 0 0 rg BT 347.39 583.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 380.90 583.90 Td (value ) Tj ET Q q 0 0 0 rg BT 400.19 583.90 Td (creation, ) Tj ET Q q 0 0 0 rg BT 429.91 583.90 Td (which ) Tj ET Q q 0 0 0 rg BT 451.42 583.90 Td (can ) Tj ET Q q 0 0 0 rg BT 464.49 583.90 Td (also ) Tj ET Q q 0 0 0 rg BT 479.34 583.90 Td (act ) Tj ET Q q 0 0 0 rg BT 490.62 583.90 Td (as ) Tj ET Q q 0 0 0 rg BT 499.25 583.90 Td (a ) Tj ET Q q 0 0 0 rg BT 504.76 583.90 Td (deterrent ) Tj ET Q q 0 0 0 rg BT 535.15 583.90 Td (to ) Tj ET Q q 0 0 0 rg BT 543.33 583.90 Td (short-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 574.30 Td (term ) Tj ET Q q 0 0 0 rg BT 66.66 574.30 Td (risk-taking.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 558.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.46 558.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 112.70 558.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 150.27 558.70 Td (continues ) Tj ET Q q 0 0 0 rg BT 182.95 558.70 Td (to ) Tj ET Q q 0 0 0 rg BT 191.19 558.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 216.31 558.70 Td (that ) Tj ET Q q 0 0 0 rg BT 230.33 558.70 Td (an ) Tj ET Q q 0 0 0 rg BT 239.90 558.70 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 278.34 558.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 304.79 558.70 Td (of ) Tj ET Q q 0 0 0 rg BT 313.48 558.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 359.93 558.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 390.38 558.70 Td (will ) Tj ET Q q 0 0 0 rg BT 404.85 558.70 Td (support ) Tj ET Q q 0 0 0 rg BT 430.87 558.70 Td (the ) Tj ET Q q 0 0 0 rg BT 442.66 558.70 Td (achievement ) Tj ET Q q 0 0 0 rg BT 485.11 558.70 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 558.70 Td (competitive ) Tj ET Q q 0 0 0 rg BT 533.58 558.70 Td (revenues ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (and ) Tj ET Q q 0 0 0 rg BT 63.55 549.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 92.65 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.88 549.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 128.64 549.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 161.73 549.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.29 549.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 203.51 549.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 238.84 549.10 Td (without ) Tj ET Q q 0 0 0 rg BT 265.29 549.10 Td (undue ) Tj ET Q q 0 0 0 rg BT 286.84 549.10 Td (risk.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 533.50 Td (Equity ) Tj ET Q q 0 0 0 rg BT 72.88 533.50 Td (Granting ) Tj ET Q q 0 0 0 rg BT 104.22 533.50 Td (Policy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 517.90 Td (Recognizing ) Tj ET Q q 0 0 0 rg BT 92.85 517.90 Td (the ) Tj ET Q q 0 0 0 rg BT 105.05 517.90 Td (importance ) Tj ET Q q 0 0 0 rg BT 143.45 517.90 Td (of ) Tj ET Q q 0 0 0 rg BT 152.54 517.90 Td (adhering ) Tj ET Q q 0 0 0 rg BT 182.94 517.90 Td (to ) Tj ET Q q 0 0 0 rg BT 191.59 517.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 230.43 517.90 Td (practices ) Tj ET Q q 0 0 0 rg BT 261.28 517.90 Td (and ) Tj ET Q q 0 0 0 rg BT 275.25 517.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 312.76 517.90 Td (when ) Tj ET Q q 0 0 0 rg BT 332.51 517.90 Td (granting ) Tj ET Q q 0 0 0 rg BT 361.59 517.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 384.01 517.90 Td (awards, ) Tj ET Q q 0 0 0 rg BT 411.08 517.90 Td (we ) Tj ET Q q 0 0 0 rg BT 422.83 517.90 Td (formalized ) Tj ET Q q 0 0 0 rg BT 459.90 517.90 Td (an ) Tj ET Q q 0 0 0 rg BT 469.87 517.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 492.29 517.90 Td (granting ) Tj ET Q q 0 0 0 rg BT 521.37 517.90 Td (policy ) Tj ET Q q 0 0 0 rg BT 543.78 517.90 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 508.30 Td (2007 ) Tj ET Q q 0 0 0 rg BT 68.00 508.30 Td (to ) Tj ET Q q 0 0 0 rg BT 76.22 508.30 Td (memorialize ) Tj ET Q q 0 0 0 rg BT 118.20 508.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.98 508.30 Td (practices ) Tj ET Q q 0 0 0 rg BT 160.40 508.30 Td (and ) Tj ET Q q 0 0 0 rg BT 173.95 508.30 Td (processes ) Tj ET Q q 0 0 0 rg BT 206.61 508.30 Td (we ) Tj ET Q q 0 0 0 rg BT 217.94 508.30 Td (use ) Tj ET Q q 0 0 0 rg BT 230.60 508.30 Td (in ) Tj ET Q q 0 0 0 rg BT 238.82 508.30 Td (granting ) Tj ET Q q 0 0 0 rg BT 267.48 508.30 Td (such ) Tj ET Q q 0 0 0 rg BT 284.15 508.30 Td (awards. ) Tj ET Q q 0 0 0 rg BT 310.66 508.30 Td (The ) Tj ET Q q 0 0 0 rg BT 325.10 508.30 Td (policy ) Tj ET Q q 0 0 0 rg BT 347.09 508.30 Td (establishes ) Tj ET Q q 0 0 0 rg BT 383.75 508.30 Td (the ) Tj ET Q q 0 0 0 rg BT 395.53 508.30 Td (following ) Tj ET Q q 0 0 0 rg BT 428.64 508.30 Td (practices:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 495.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 495.70 Td (Decisions ) Tj ET Q q 0 0 0 rg BT 137.36 495.70 Td (to ) Tj ET Q q 0 0 0 rg BT 145.40 495.70 Td (award ) Tj ET Q q 0 0 0 rg BT 166.75 495.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 188.56 495.70 Td (grants ) Tj ET Q q 0 0 0 rg BT 209.93 495.70 Td (should ) Tj ET Q q 0 0 0 rg BT 233.07 495.70 Td (only ) Tj ET Q q 0 0 0 rg BT 249.11 495.70 Td (be ) Tj ET Q q 0 0 0 rg BT 258.47 495.70 Td (taken ) Tj ET Q q 0 0 0 rg BT 277.61 495.70 Td (during ) Tj ET Q q 0 0 0 rg BT 300.31 495.70 Td (a ) Tj ET Q q 0 0 0 rg BT 305.67 495.70 Td (period ) Tj ET Q q 0 0 0 rg BT 327.92 495.70 Td (when ) Tj ET Q q 0 0 0 rg BT 347.06 495.70 Td (trading ) Tj ET Q q 0 0 0 rg BT 371.54 495.70 Td (in ) Tj ET Q q 0 0 0 rg BT 379.57 495.70 Td (our ) Tj ET Q q 0 0 0 rg BT 392.05 495.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 413.85 495.70 Td (is ) Tj ET Q q 0 0 0 rg BT 421.00 495.70 Td (permitted ) Tj ET Q q 0 0 0 rg BT 453.47 495.70 Td (in ) Tj ET Q q 0 0 0 rg BT 461.50 495.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 499.29 495.70 Td (with ) Tj ET Q q 0 0 0 rg BT 515.32 495.70 Td (our ) Tj ET Q q 0 0 0 rg BT 527.80 495.70 Td (Insider ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 486.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.61 486.10 Td (rading ) Tj ET Q q 0 0 0 rg BT 131.04 486.10 Td (Policy) Tj ET Q q 0 0 0 rg BT 150.97 486.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 473.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 473.50 Td (All ) Tj ET Q q 0 0 0 rg BT 116.44 473.50 Td (grants ) Tj ET Q q 0 0 0 rg BT 138.20 473.50 Td (to ) Tj ET Q q 0 0 0 rg BT 146.63 473.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 172.84 473.50 Td (16 ) Tj ET Q q 0 0 0 rg BT 183.06 473.50 Td (of) Tj ET Q q 0 0 0 rg BT 189.58 473.50 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 211.55 473.50 Td (including ) Tj ET Q q 0 0 0 rg BT 243.99 473.50 Td (grants ) Tj ET Q q 0 0 0 rg BT 265.75 473.50 Td (to ) Tj ET Q q 0 0 0 rg BT 274.19 473.50 Td (new ) Tj ET Q q 0 0 0 rg BT 289.73 473.50 Td (hires, ) Tj ET Q q 0 0 0 rg BT 309.49 473.50 Td (must ) Tj ET Q q 0 0 0 rg BT 327.26 473.50 Td (be ) Tj ET Q q 0 0 0 rg BT 337.03 473.50 Td (approved ) Tj ET Q q 0 0 0 rg BT 369.00 473.50 Td (at ) Tj ET Q q 0 0 0 rg BT 376.99 473.50 Td (a ) Tj ET Q q 0 0 0 rg BT 382.75 473.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 410.74 473.50 Td (of ) Tj ET Q q 0 0 0 rg BT 419.61 473.50 Td (the ) Tj ET Q q 0 0 0 rg BT 431.60 473.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 480.03 473.50 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 519.79 473.50 Td (including ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 463.90 Td (telephonic ) Tj ET Q q 0 0 0 rg BT 139.32 463.90 Td (meetings, ) Tj ET Q q 0 0 0 rg BT 172.20 463.90 Td (and ) Tj ET Q q 0 0 0 rg BT 185.75 463.90 Td (may ) Tj ET Q q 0 0 0 rg BT 201.53 463.90 Td (not ) Tj ET Q q 0 0 0 rg BT 213.75 463.90 Td (occur ) Tj ET Q q 0 0 0 rg BT 233.52 463.90 Td (through ) Tj ET Q q 0 0 0 rg BT 260.40 463.90 Td (action ) Tj ET Q q 0 0 0 rg BT 281.95 463.90 Td (by ) Tj ET Q q 0 0 0 rg BT 291.95 463.90 Td (unanimous ) Tj ET Q q 0 0 0 rg BT 329.06 463.90 Td (written ) Tj ET Q q 0 0 0 rg BT 353.72 463.90 Td (consent.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 451.30 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 451.30 Td (The ) Tj ET Q q 0 0 0 rg BT 118.12 451.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 136.25 451.30 Td (date ) Tj ET Q q 0 0 0 rg BT 151.26 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.61 451.30 Td (any ) Tj ET Q q 0 0 0 rg BT 172.85 451.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 194.53 451.30 Td (award ) Tj ET Q q 0 0 0 rg BT 215.76 451.30 Td (approved ) Tj ET Q q 0 0 0 rg BT 247.21 451.30 Td (at ) Tj ET Q q 0 0 0 rg BT 254.67 451.30 Td (a ) Tj ET Q q 0 0 0 rg BT 259.91 451.30 Td (meeting ) Tj ET Q q 0 0 0 rg BT 287.36 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 295.71 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 307.17 451.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 355.08 451.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 392.32 451.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 409.11 451.30 Td (be ) Tj ET Q q 0 0 0 rg BT 418.35 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 429.81 451.30 Td (date ) Tj ET Q q 0 0 0 rg BT 444.82 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 453.17 451.30 Td (such ) Tj ET Q q 0 0 0 rg BT 469.52 451.30 Td (meeting ) Tj ET Q q 0 0 0 rg BT 496.98 451.30 Td (or) Tj ET Q q 0 0 0 rg BT 503.32 451.30 Td (, ) Tj ET Q q 0 0 0 rg BT 507.01 451.30 Td (in ) Tj ET Q q 0 0 0 rg BT 514.92 451.30 Td (connection ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 441.70 Td (with ) Tj ET Q q 0 0 0 rg BT 120.23 441.70 Td (an ) Tj ET Q q 0 0 0 rg BT 129.79 441.70 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 166.88 441.70 Td (hire ) Tj ET Q q 0 0 0 rg BT 181.33 441.70 Td (or ) Tj ET Q q 0 0 0 rg BT 190.00 441.70 Td (an ) Tj ET Q q 0 0 0 rg BT 199.55 441.70 Td (award ) Tj ET Q q 0 0 0 rg BT 221.10 441.70 Td (to ) Tj ET Q q 0 0 0 rg BT 229.33 441.70 Td (be ) Tj ET Q q 0 0 0 rg BT 238.89 441.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 264.88 441.70 Td (in ) Tj ET Q q 0 0 0 rg BT 273.11 441.70 Td (several ) Tj ET Q q 0 0 0 rg BT 297.77 441.70 Td (installments, ) Tj ET Q q 0 0 0 rg BT 340.44 441.70 Td (a ) Tj ET Q q 0 0 0 rg BT 346.00 441.70 Td (future ) Tj ET Q q 0 0 0 rg BT 367.10 441.70 Td (date ) Tj ET Q q 0 0 0 rg BT 382.43 441.70 Td (established ) Tj ET Q q 0 0 0 rg BT 419.99 441.70 Td (by ) Tj ET Q q 0 0 0 rg BT 429.99 441.70 Td (the ) Tj ET Q q 0 0 0 rg BT 441.77 441.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 490.00 441.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 527.55 441.70 Td (at ) Tj ET Q q 0 0 0 rg BT 535.33 441.70 Td (such ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 432.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 133.77 432.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 158.43 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.65 432.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 208.64 432.10 Td (commencing.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 419.50 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 104.00 419.50 Td (The ) Tj ET Q q 0 0 0 rg BT 118.44 419.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 146.64 419.50 Td (price ) Tj ET Q q 0 0 0 rg BT 164.63 419.50 Td (for ) Tj ET Q q 0 0 0 rg BT 175.96 419.50 Td (all ) Tj ET Q q 0 0 0 rg BT 185.95 419.50 Td (option ) Tj ET Q q 0 0 0 rg BT 208.40 419.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 233.05 419.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 250.16 419.50 Td (not ) Tj ET Q q 0 0 0 rg BT 262.39 419.50 Td (be ) Tj ET Q q 0 0 0 rg BT 271.94 419.50 Td (less ) Tj ET Q q 0 0 0 rg BT 285.94 419.50 Td (than ) Tj ET Q q 0 0 0 rg BT 301.71 419.50 Td (the ) Tj ET Q q 0 0 0 rg BT 313.48 419.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 338.59 419.50 Td (price ) Tj ET Q q 0 0 0 rg BT 356.58 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 365.25 419.50 Td (our ) Tj ET Q q 0 0 0 rg BT 377.91 419.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 399.90 419.50 Td (on ) Tj ET Q q 0 0 0 rg BT 409.90 419.50 Td (the ) Tj ET Q q 0 0 0 rg BT 421.68 419.50 Td (date ) Tj ET Q q 0 0 0 rg BT 437.00 419.50 Td (of ) Tj ET Q q 0 0 0 rg BT 445.66 419.50 Td (grant.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 403.90 Td (Say-on-Pay ) Tj ET Q q 0 0 0 rg BT 89.32 403.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.02 403.90 Td (oposals) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.30 Td (At ) Tj ET Q q 0 0 0 rg BT 59.96 388.30 Td (the ) Tj ET Q q 0 0 0 rg BT 71.69 388.30 Td (Company) Tj ET Q q 0 0 0 rg BT 105.03 388.30 Td (s ) Tj ET Q q 0 0 0 rg BT 110.10 388.30 Td (201) Tj ET Q q 0 0 0 rg BT 121.80 388.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 127.76 388.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 151.05 388.30 Td (general ) Tj ET Q q 0 0 0 rg BT 176.54 388.30 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 206.27 388.30 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 248.66 388.30 Td (voted ) Tj ET Q q 0 0 0 rg BT 268.40 388.30 Td (on ) Tj ET Q q 0 0 0 rg BT 278.36 388.30 Td (an ) Tj ET Q q 0 0 0 rg BT 287.87 388.30 Td (advisory ) Tj ET Q q 0 0 0 rg BT 317.38 388.30 Td (proposal ) Tj ET Q q 0 0 0 rg BT 346.89 388.30 Td (as ) Tj ET Q q 0 0 0 rg BT 355.51 388.30 Td (to ) Tj ET Q q 0 0 0 rg BT 363.70 388.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.43 388.30 Td (frequency ) Tj ET Q q 0 0 0 rg BT 409.37 388.30 Td (with ) Tj ET Q q 0 0 0 rg BT 425.55 388.30 Td (which ) Tj ET Q q 0 0 0 rg BT 447.06 388.30 Td (the ) Tj ET Q q 0 0 0 rg BT 458.80 388.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.87 388.30 Td (should ) Tj ET Q q 0 0 0 rg BT 515.16 388.30 Td (conduct ) Tj ET Q q 0 0 0 rg BT 542.45 388.30 Td (an ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 378.70 Td (advisory ) Tj ET Q q 0 0 0 rg BT 79.88 378.70 Td (vote ) Tj ET Q q 0 0 0 rg BT 95.99 378.70 Td (on ) Tj ET Q q 0 0 0 rg BT 106.33 378.70 Td (executive ) Tj ET Q q 0 0 0 rg BT 139.31 378.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 186.08 378.70 Td (\(a ) Tj ET Q q 0 0 0 rg BT 194.63 378.70 Td (say-on-pay ) Tj ET Q q 0 0 0 rg BT 236.05 378.70 Td (proposal\). ) Tj ET Q q 0 0 0 rg BT 273.64 378.70 Td (At ) Tj ET Q q 0 0 0 rg BT 283.97 378.70 Td (that ) Tj ET Q q 0 0 0 rg BT 298.30 378.70 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 328.40 378.70 Td (93.2% ) Tj ET Q q 0 0 0 rg BT 351.40 378.70 Td (of ) Tj ET Q q 0 0 0 rg BT 360.40 378.70 Td (votes ) Tj ET Q q 0 0 0 rg BT 379.62 378.70 Td (cast ) Tj ET Q q 0 0 0 rg BT 394.39 378.70 Td (were ) Tj ET Q q 0 0 0 rg BT 412.27 378.70 Td (in ) Tj ET Q q 0 0 0 rg BT 420.83 378.70 Td (favor ) Tj ET Q q 0 0 0 rg BT 440.04 378.70 Td (of ) Tj ET Q q 0 0 0 rg BT 449.04 378.70 Td (holding ) Tj ET Q q 0 0 0 rg BT 475.82 378.70 Td (such ) Tj ET Q q 0 0 0 rg BT 492.81 378.70 Td (a ) Tj ET Q q 0 0 0 rg BT 498.70 378.70 Td (vote ) Tj ET Q q 0 0 0 rg BT 514.81 378.70 Td (once ) Tj ET Q q 0 0 0 rg BT 532.24 378.70 Td (every ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (three ) Tj ET Q q 0 0 0 rg BT 67.92 369.10 Td (years ) Tj ET Q q 0 0 0 rg BT 86.72 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.20 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.91 369.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.94 369.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 169.98 369.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.13 369.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 194.29 369.10 Td (such ) Tj ET Q q 0 0 0 rg BT 210.88 369.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 226.58 369.10 Td (every ) Tj ET Q q 0 0 0 rg BT 246.27 369.10 Td (three ) Tj ET Q q 0 0 0 rg BT 264.19 369.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 285.00 369.10 Td (In ) Tj ET Q q 0 0 0 rg BT 293.59 369.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 323.74 369.10 Td (at ) Tj ET Q q 0 0 0 rg BT 331.44 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.14 369.10 Td (201) Tj ET Q q 0 0 0 rg BT 354.85 369.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 360.78 369.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 384.03 369.10 Td (general ) Tj ET Q q 0 0 0 rg BT 409.50 369.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 439.19 369.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 481.55 369.10 Td (had ) Tj ET Q q 0 0 0 rg BT 495.03 369.10 Td (an ) Tj ET Q q 0 0 0 rg BT 504.51 369.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 543.77 369.10 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 359.50 Td (vote ) Tj ET Q q 0 0 0 rg BT 66.16 359.50 Td (on ) Tj ET Q q 0 0 0 rg BT 76.55 359.50 Td (executive ) Tj ET Q q 0 0 0 rg BT 109.59 359.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 156.42 359.50 Td (as ) Tj ET Q q 0 0 0 rg BT 165.47 359.50 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 197.64 359.50 Td (in ) Tj ET Q q 0 0 0 rg BT 206.25 359.50 Td (the ) Tj ET Q q 0 0 0 rg BT 218.41 359.50 Td (201) Tj ET Q q 0 0 0 rg BT 230.12 359.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 236.51 359.50 Td (proxy ) Tj ET Q q 0 0 0 rg BT 257.56 359.50 Td (statement. ) Tj ET Q q 0 0 0 rg BT 292.61 359.50 Td (Of ) Tj ET Q q 0 0 0 rg BT 303.44 359.50 Td (the ) Tj ET Q q 0 0 0 rg BT 315.61 359.50 Td (votes ) Tj ET Q q 0 0 0 rg BT 334.88 359.50 Td (cast ) Tj ET Q q 0 0 0 rg BT 349.71 359.50 Td (on ) Tj ET Q q 0 0 0 rg BT 360.10 359.50 Td (the ) Tj ET Q q 0 0 0 rg BT 372.27 359.50 Td (say-on-pay ) Tj ET Q q 0 0 0 rg BT 410.20 359.50 Td (proposal, ) Tj ET Q q 0 0 0 rg BT 442.14 359.50 Td (93.2% ) Tj ET Q q 0 0 0 rg BT 465.20 359.50 Td (were ) Tj ET Q q 0 0 0 rg BT 483.13 359.50 Td (voted ) Tj ET Q q 0 0 0 rg BT 503.29 359.50 Td (in ) Tj ET Q q 0 0 0 rg BT 511.91 359.50 Td (favor ) Tj ET Q q 0 0 0 rg BT 531.18 359.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.23 359.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 349.90 Td (proposal. ) Tj ET Q q 0 0 0 rg BT 81.79 349.90 Td (The ) Tj ET Q q 0 0 0 rg BT 96.63 349.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 145.26 349.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 183.22 349.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 220.28 349.90 Td (the ) Tj ET Q q 0 0 0 rg BT 232.46 349.90 Td (results ) Tj ET Q q 0 0 0 rg BT 255.75 349.90 Td (of ) Tj ET Q q 0 0 0 rg BT 264.83 349.90 Td (this ) Tj ET Q q 0 0 0 rg BT 278.79 349.90 Td (advisory ) Tj ET Q q 0 0 0 rg BT 308.75 349.90 Td (vote ) Tj ET Q q 0 0 0 rg BT 324.93 349.90 Td (and ) Tj ET Q q 0 0 0 rg BT 338.89 349.90 Td (it ) Tj ET Q q 0 0 0 rg BT 345.75 349.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 374.37 349.90 Td (that ) Tj ET Q q 0 0 0 rg BT 388.77 349.90 Td (it ) Tj ET Q q 0 0 0 rg BT 395.62 349.90 Td (af) Tj ET Q q 0 0 0 rg BT 401.69 349.90 Td (firms ) Tj ET Q q 0 0 0 rg BT 420.99 349.90 Td (shareholders) Tj ET Q q 0 0 0 rg BT 463.49 349.90 Td ( ) Tj ET Q q 0 0 0 rg BT 465.90 349.90 Td (support ) Tj ET Q q 0 0 0 rg BT 492.30 349.90 Td (of ) Tj ET Q q 0 0 0 rg BT 501.38 349.90 Td (the ) Tj ET Q q 0 0 0 rg BT 513.56 349.90 Td (Company) Tj ET Q q 0 0 0 rg BT 546.89 349.90 Td (s ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 340.30 Td (approach ) Tj ET Q q 0 0 0 rg BT 81.10 340.30 Td (to ) Tj ET Q q 0 0 0 rg BT 89.10 340.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 121.53 340.30 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 169.61 340.30 Td (The ) Tj ET Q q 0 0 0 rg BT 183.83 340.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.72 340.30 Td (will ) Tj ET Q q 0 0 0 rg BT 230.95 340.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 260.27 340.30 Td (to ) Tj ET Q q 0 0 0 rg BT 268.28 340.30 Td (consider ) Tj ET Q q 0 0 0 rg BT 297.16 340.30 Td (the ) Tj ET Q q 0 0 0 rg BT 308.71 340.30 Td (outcome ) Tj ET Q q 0 0 0 rg BT 338.04 340.30 Td (of ) Tj ET Q q 0 0 0 rg BT 346.48 340.30 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 383.81 340.30 Td (say-on-pay ) Tj ET Q q 0 0 0 rg BT 421.14 340.30 Td (votes ) Tj ET Q q 0 0 0 rg BT 439.81 340.30 Td (when ) Tj ET Q q 0 0 0 rg BT 458.91 340.30 Td (making ) Tj ET Q q 0 0 0 rg BT 484.69 340.30 Td (future ) Tj ET Q q 0 0 0 rg BT 505.57 340.30 Td (compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 330.70 Td (decisions ) Tj ET Q q 0 0 0 rg BT 81.77 330.70 Td (for ) Tj ET Q q 0 0 0 rg BT 93.10 330.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 118.20 330.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 152.19 330.70 Td (Of) Tj ET Q q 0 0 0 rg BT 160.48 330.70 Td (ficers.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (Impact ) Tj ET Q q 0 0 0 rg BT 76.44 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.96 312.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.56 312.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 99.56 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.02 312.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 155.13 312.10 Td (on ) Tj ET Q q 0 0 0 rg BT 165.58 312.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 216.92 312.10 Td (Decisions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 296.50 Td (As ) Tj ET Q q 0 0 0 rg BT 61.01 296.50 Td (a ) Tj ET Q q 0 0 0 rg BT 66.68 296.50 Td (general ) Tj ET Q q 0 0 0 rg BT 92.33 296.50 Td (matter) Tj ET Q q 0 0 0 rg BT 112.45 296.50 Td (, ) Tj ET Q q 0 0 0 rg BT 116.56 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 128.45 296.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 176.79 296.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 214.46 296.50 Td (takes ) Tj ET Q q 0 0 0 rg BT 233.01 296.50 Td (into ) Tj ET Q q 0 0 0 rg BT 247.57 296.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 292.79 296.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.68 296.50 Td (various ) Tj ET Q q 0 0 0 rg BT 330.35 296.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.24 296.50 Td (and ) Tj ET Q q 0 0 0 rg BT 355.91 296.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 393.12 296.50 Td (implications ) Tj ET Q q 0 0 0 rg BT 434.79 296.50 Td (of ) Tj ET Q q 0 0 0 rg BT 443.57 296.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 490.12 296.50 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 518.45 296.50 Td (employed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 286.90 Td (by ) Tj ET Q q 0 0 0 rg BT 59.77 286.90 Td (us. ) Tj ET Q q 0 0 0 rg BT 70.52 286.90 Td (When ) Tj ET Q q 0 0 0 rg BT 91.39 286.90 Td (determining ) Tj ET Q q 0 0 0 rg BT 131.81 286.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 160.69 286.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.12 286.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 202.44 286.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 233.52 286.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 279.73 286.90 Td (to ) Tj ET Q q 0 0 0 rg BT 287.72 286.90 Td (executives ) Tj ET Q q 0 0 0 rg BT 323.25 286.90 Td (and ) Tj ET Q q 0 0 0 rg BT 336.56 286.90 Td (employees, ) Tj ET Q q 0 0 0 rg BT 374.54 286.90 Td (the ) Tj ET Q q 0 0 0 rg BT 386.08 286.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 434.07 286.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 471.39 286.90 Td (examines ) Tj ET Q q 0 0 0 rg BT 503.37 286.90 Td (the ) Tj ET Q q 0 0 0 rg BT 514.91 286.90 Td (accounting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 277.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 64.74 277.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 99.46 277.30 Td (with ) Tj ET Q q 0 0 0 rg BT 115.54 277.30 Td (the ) Tj ET Q q 0 0 0 rg BT 127.16 277.30 Td (grants. ) Tj ET Q q 0 0 0 rg BT 150.56 277.30 Td (Under ) Tj ET Q q 0 0 0 rg BT 172.00 277.30 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 211.17 277.30 Td (Standards ) Tj ET Q q 0 0 0 rg BT 244.57 277.30 Td (Codification ) Tj ET Q q 0 0 0 rg BT 286.42 277.30 Td (718, ) Tj ET Q q 0 0 0 rg BT 302.27 277.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 353.89 277.30 Td (- ) Tj ET Q q 0 0 0 rg BT 358.40 277.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 378.47 277.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 430.09 277.30 Td (\(ASC ) Tj ET Q q 0 0 0 rg BT 453.72 277.30 Td (718\), ) Tj ET Q q 0 0 0 rg BT 475.79 277.30 Td (grants ) Tj ET Q q 0 0 0 rg BT 497.19 277.30 Td (of ) Tj ET Q q 0 0 0 rg BT 505.70 277.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 524.44 277.30 Td (options, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 267.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 81.68 267.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 100.49 267.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.97 267.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 145.65 267.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 164.46 267.70 Td (units ) Tj ET Q q 0 0 0 rg BT 181.94 267.70 Td (permitted ) Tj ET Q q 0 0 0 rg BT 214.52 267.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 244.00 267.70 Td (to ) Tj ET Q q 0 0 0 rg BT 252.14 267.70 Td (the ) Tj ET Q q 0 0 0 rg BT 263.84 267.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 283.98 267.70 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 315.67 267.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 331.81 267.70 Td (result ) Tj ET Q q 0 0 0 rg BT 351.51 267.70 Td (in ) Tj ET Q q 0 0 0 rg BT 359.66 267.70 Td (an ) Tj ET Q q 0 0 0 rg BT 369.13 267.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 406.15 267.70 Td (char) Tj ET Q q 0 0 0 rg BT 419.77 267.70 Td (ge. ) Tj ET Q q 0 0 0 rg BT 431.10 267.70 Td (The ) Tj ET Q q 0 0 0 rg BT 445.47 267.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 482.49 267.70 Td (char) Tj ET Q q 0 0 0 rg BT 496.11 267.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 505.58 267.70 Td (is ) Tj ET Q q 0 0 0 rg BT 512.84 267.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 532.09 267.70 Td (to ) Tj ET Q q 0 0 0 rg BT 540.23 267.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 63.03 258.10 Td (value ) Tj ET Q q 0 0 0 rg BT 82.28 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.87 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.57 258.10 Td (number ) Tj ET Q q 0 0 0 rg BT 128.93 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.52 258.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 176.78 258.10 Td (being ) Tj ET Q q 0 0 0 rg BT 196.48 258.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 218.40 258.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.32 258.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.02 258.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 274.37 258.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.52 258.10 Td (vest. ) Tj ET Q q 0 0 0 rg BT 299.33 258.10 Td (For ) Tj ET Q q 0 0 0 rg BT 312.37 258.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 331.18 258.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 358.66 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.36 258.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 385.18 258.10 Td (is ) Tj ET Q q 0 0 0 rg BT 392.44 258.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 411.69 258.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.84 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.54 258.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 444.56 258.10 Td (value ) Tj ET Q q 0 0 0 rg BT 463.81 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.40 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.10 258.10 Td (option ) Tj ET Q q 0 0 0 rg BT 506.47 258.10 Td (on ) Tj ET Q q 0 0 0 rg BT 516.40 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.10 258.10 Td (date ) Tj ET Q q 0 0 0 rg BT 543.35 258.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 248.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 68.44 248.50 Td (using ) Tj ET Q q 0 0 0 rg BT 87.78 248.50 Td (a ) Tj ET Q q 0 0 0 rg BT 93.34 248.50 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 141.55 248.50 Td (option ) Tj ET Q q 0 0 0 rg BT 164.00 248.50 Td (pricing ) Tj ET Q q 0 0 0 rg BT 188.67 248.50 Td (model ) Tj ET Q q 0 0 0 rg BT 210.67 248.50 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 245.56 248.50 Td (by ) Tj ET Q q 0 0 0 rg BT 255.57 248.50 Td (the ) Tj ET Q q 0 0 0 rg BT 267.35 248.50 Td (number ) Tj ET Q q 0 0 0 rg BT 293.79 248.50 Td (of ) Tj ET Q q 0 0 0 rg BT 302.46 248.50 Td (options ) Tj ET Q q 0 0 0 rg BT 328.02 248.50 Td (that ) Tj ET Q q 0 0 0 rg BT 342.02 248.50 Td (are ) Tj ET Q q 0 0 0 rg BT 353.79 248.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 384.22 248.50 Td (to ) Tj ET Q q 0 0 0 rg BT 392.45 248.50 Td (vest. ) Tj ET Q q 0 0 0 rg BT 409.34 248.50 Td (For ) Tj ET Q q 0 0 0 rg BT 422.46 248.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 454.23 248.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 473.12 248.50 Td (or ) Tj ET Q q 0 0 0 rg BT 481.79 248.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 513.55 248.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.45 248.50 Td (units, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 61.83 238.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 76.77 238.90 Td (is ) Tj ET Q q 0 0 0 rg BT 84.15 238.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 103.53 238.90 Td (to ) Tj ET Q q 0 0 0 rg BT 111.81 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 123.63 238.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 136.79 238.90 Td (value ) Tj ET Q q 0 0 0 rg BT 156.16 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 164.88 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 176.71 238.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.65 238.90 Td (on ) Tj ET Q q 0 0 0 rg BT 205.70 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 217.53 238.90 Td (date ) Tj ET Q q 0 0 0 rg BT 232.90 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 241.62 238.90 Td (grant ) Tj ET Q q 0 0 0 rg BT 260.11 238.90 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 295.05 238.90 Td (by ) Tj ET Q q 0 0 0 rg BT 305.10 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.93 238.90 Td (number ) Tj ET Q q 0 0 0 rg BT 343.42 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 352.13 238.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 374.18 238.90 Td (or ) Tj ET Q q 0 0 0 rg BT 382.90 238.90 Td (units ) Tj ET Q q 0 0 0 rg BT 400.51 238.90 Td (granted ) Tj ET Q q 0 0 0 rg BT 426.55 238.90 Td (that ) Tj ET Q q 0 0 0 rg BT 440.60 238.90 Td (are ) Tj ET Q q 0 0 0 rg BT 452.42 238.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 482.89 238.90 Td (to ) Tj ET Q q 0 0 0 rg BT 491.17 238.90 Td (vest. ) Tj ET Q q 0 0 0 rg BT 507.96 238.90 Td (This ) Tj ET Q q 0 0 0 rg BT 524.24 238.90 Td (expense ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 229.30 Td (is ) Tj ET Q q 0 0 0 rg BT 57.34 229.30 Td (amortized ) Tj ET Q q 0 0 0 rg BT 91.32 229.30 Td (over ) Tj ET Q q 0 0 0 rg BT 107.54 229.30 Td (the ) Tj ET Q q 0 0 0 rg BT 119.31 229.30 Td (requisite ) Tj ET Q q 0 0 0 rg BT 148.86 229.30 Td (service ) Tj ET Q q 0 0 0 rg BT 173.51 229.30 Td (or ) Tj ET Q q 0 0 0 rg BT 182.17 229.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 207.28 229.30 Td (period.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 213.70 Td (The ) Tj ET Q q 0 0 0 rg BT 63.99 213.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 111.76 213.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 148.86 213.70 Td (also ) Tj ET Q q 0 0 0 rg BT 163.29 213.70 Td (considers ) Tj ET Q q 0 0 0 rg BT 195.06 213.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.38 213.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.70 213.70 Td (implications ) Tj ET Q q 0 0 0 rg BT 258.80 213.70 Td (of ) Tj ET Q q 0 0 0 rg BT 267.02 213.70 Td (its ) Tj ET Q q 0 0 0 rg BT 276.13 213.70 Td (programs, ) Tj ET Q q 0 0 0 rg BT 309.89 213.70 Td (both ) Tj ET Q q 0 0 0 rg BT 325.66 213.70 Td (to ) Tj ET Q q 0 0 0 rg BT 333.44 213.70 Td (us ) Tj ET Q q 0 0 0 rg BT 342.10 213.70 Td (and ) Tj ET Q q 0 0 0 rg BT 355.20 213.70 Td (to ) Tj ET Q q 0 0 0 rg BT 362.97 213.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.30 213.70 Td (participants. ) Tj ET Q q 0 0 0 rg BT 415.17 213.70 Td (It ) Tj ET Q q 0 0 0 rg BT 421.60 213.70 Td (is ) Tj ET Q q 0 0 0 rg BT 428.49 213.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.81 213.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 487.58 213.70 Td (Committee) Tj ET Q q 0 0 0 rg BT 525.35 213.70 Td (s ) Tj ET Q q 0 0 0 rg BT 530.02 213.70 Td (policy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.57 204.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 92.46 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.58 204.10 Td (ef) Tj ET Q q 0 0 0 rg BT 110.65 204.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 148.54 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.55 204.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.56 204.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 203.56 204.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 250.34 204.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 269.57 204.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.14 204.10 Td (this ) Tj ET Q q 0 0 0 rg BT 292.05 204.10 Td (regard. ) Tj ET Q q 0 0 0 rg BT 316.83 204.10 Td (However) Tj ET Q q 0 0 0 rg BT 345.83 204.10 Td (, ) Tj ET Q q 0 0 0 rg BT 350.18 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.30 204.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 410.86 204.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 448.76 204.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 477.32 204.10 Td (that ) Tj ET Q q 0 0 0 rg BT 491.66 204.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 538.45 204.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 194.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 77.37 194.50 Td (decisions ) Tj ET Q q 0 0 0 rg BT 109.19 194.50 Td (should ) Tj ET Q q 0 0 0 rg BT 132.57 194.50 Td (be ) Tj ET Q q 0 0 0 rg BT 142.16 194.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 173.98 194.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 196.46 194.50 Td (by ) Tj ET Q q 0 0 0 rg BT 206.51 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 218.32 194.50 Td (needs ) Tj ET Q q 0 0 0 rg BT 238.58 194.50 Td (of ) Tj ET Q q 0 0 0 rg BT 247.29 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.11 194.50 Td (business ) Tj ET Q q 0 0 0 rg BT 288.27 194.50 Td (rather ) Tj ET Q q 0 0 0 rg BT 308.97 194.50 Td (than ) Tj ET Q q 0 0 0 rg BT 324.79 194.50 Td (by ) Tj ET Q q 0 0 0 rg BT 334.83 194.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.65 194.50 Td (policy) Tj ET Q q 0 0 0 rg BT 366.13 194.50 Td (. ) Tj ET Q q 0 0 0 rg BT 370.02 194.50 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 405.60 194.50 Td (the ) Tj ET Q q 0 0 0 rg BT 417.42 194.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 465.68 194.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 503.28 194.50 Td (may ) Tj ET Q q 0 0 0 rg BT 519.09 194.50 Td (make ) Tj ET Q q 0 0 0 rg BT 538.46 194.50 Td (pay ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 184.90 Td (decisions ) Tj ET Q q 0 0 0 rg BT 81.77 184.90 Td (that ) Tj ET Q q 0 0 0 rg BT 95.77 184.90 Td (result ) Tj ET Q q 0 0 0 rg BT 115.54 184.90 Td (in ) Tj ET Q q 0 0 0 rg BT 123.77 184.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 147.53 184.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 159.30 184.90 Td (inef) Tj ET Q q 0 0 0 rg BT 171.59 184.90 Td (ficiencies.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.90 163.30 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 274.08 163.30 Td (TION COMMITTEE REPOR) Tj ET Q q 0 0 0 rg BT 377.81 163.30 Td (T) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 147.70 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 147.70 Td (e ) Tj ET Q q 0 0 0 rg BT 62.48 147.70 Td (have ) Tj ET Q q 0 0 0 rg BT 79.59 147.70 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 110.92 147.70 Td (and ) Tj ET Q q 0 0 0 rg BT 124.49 147.70 Td (discussed ) Tj ET Q q 0 0 0 rg BT 157.17 147.70 Td (the ) Tj ET Q q 0 0 0 rg BT 168.96 147.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 217.19 147.70 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 254.32 147.70 Td (and ) Tj ET Q q 0 0 0 rg BT 267.44 147.70 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 297.45 147.70 Td (with ) Tj ET Q q 0 0 0 rg BT 313.69 147.70 Td (management, ) Tj ET Q q 0 0 0 rg BT 358.57 147.70 Td (and ) Tj ET Q q 0 0 0 rg BT 372.14 147.70 Td (based ) Tj ET Q q 0 0 0 rg BT 392.37 147.70 Td (on ) Tj ET Q q 0 0 0 rg BT 402.38 147.70 Td (our ) Tj ET Q q 0 0 0 rg BT 415.06 147.70 Td (review ) Tj ET Q q 0 0 0 rg BT 438.84 147.70 Td (and ) Tj ET Q q 0 0 0 rg BT 452.41 147.70 Td (discussions, ) Tj ET Q q 0 0 0 rg BT 492.87 147.70 Td (we ) Tj ET Q q 0 0 0 rg BT 504.22 147.70 Td (recommend ) Tj ET Q q 0 0 0 rg BT 543.99 147.70 Td (to ) Tj ET Q q 0 0 0 rg BT 552.23 147.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 71.26 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.63 138.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 111.10 138.10 Td (that ) Tj ET Q q 0 0 0 rg BT 124.81 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.29 138.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 184.22 138.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 221.04 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.92 138.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 263.63 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 272.89 138.10 Td (included ) Tj ET Q q 0 0 0 rg BT 302.14 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.07 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.44 138.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 342.82 138.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 375.18 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.44 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.37 138.10 Td (this ) Tj ET Q q 0 0 0 rg BT 409.26 138.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 434.52 138.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 458.00 138.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.71 138.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 486.75 138.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 504.90 138.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.94 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.42 138.10 Td (year ) Tj ET Q q 0 0 0 rg BT 542.89 138.10 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 128.50 Td (December ) Tj ET Q q 0 0 0 rg BT 84.87 128.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.87 128.50 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 112.90 Td (Submitted by:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 97.30 Td (HERBER) Tj ET Q q 0 0 0 rg BT 297.08 97.30 Td (T) Tj ET Q q 0 0 0 rg BT 301.82 97.30 Td ( ) Tj ET Q q 0 0 0 rg BT 303.38 97.30 Td (A. GRANA) Tj ET Q q 0 0 0 rg BT 340.71 97.30 Td (TH) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 87.70 Td (FRED LANGHAMMER) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 78.10 Td (BRUCE MAGGIN) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.00 62.50 Td (MEMBERS OF ) Tj ET Q q 0 0 0 rg BT 319.20 62.50 Td (THE COMPENSA) Tj ET Q q 0 0 0 rg BT 379.43 62.50 Td (TION COMMITTEE) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.15 743.60 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 204.33 743.60 Td (TION COMMITTEE INTERLOCKS ) Tj ET Q q 0 0 0 rg BT 335.25 743.60 Td (AND INSIDER P) Tj ET Q q 0 0 0 rg BT 394.22 743.60 Td (AR) Tj ET Q q 0 0 0 rg BT 405.49 743.60 Td (TICIP) Tj ET Q q 0 0 0 rg BT 427.12 743.60 Td (A) Tj ET Q q 0 0 0 rg BT 432.31 743.60 Td (TION) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (None ) Tj ET Q q 0 0 0 rg BT 69.60 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 78.54 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 90.59 728.00 Td (members ) Tj ET Q q 0 0 0 rg BT 122.18 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.12 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 143.17 728.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 191.66 728.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 229.48 728.00 Td (has ) Tj ET Q q 0 0 0 rg BT 242.42 728.00 Td (been ) Tj ET Q q 0 0 0 rg BT 259.80 728.00 Td (an ) Tj ET Q q 0 0 0 rg BT 269.62 728.00 Td (of) Tj ET Q q 0 0 0 rg BT 276.14 728.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 293.07 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 302.00 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.05 728.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.43 728.00 Td (or ) Tj ET Q q 0 0 0 rg BT 356.37 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 365.31 728.00 Td (any ) Tj ET Q q 0 0 0 rg BT 379.13 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 388.07 728.00 Td (our ) Tj ET Q q 0 0 0 rg BT 401.01 728.00 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 443.05 728.00 Td (or ) Tj ET Q q 0 0 0 rg BT 451.99 728.00 Td (had ) Tj ET Q q 0 0 0 rg BT 465.82 728.00 Td (any ) Tj ET Q q 0 0 0 rg BT 479.64 728.00 Td (relationship ) Tj ET Q q 0 0 0 rg BT 519.68 728.00 Td (with ) Tj ET Q q 0 0 0 rg BT 536.18 728.00 Td (us ) Tj ET Q q 0 0 0 rg BT 545.57 728.00 Td (other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (than ) Tj ET Q q 0 0 0 rg BT 66.02 718.40 Td (serving ) Tj ET Q q 0 0 0 rg BT 91.83 718.40 Td (as ) Tj ET Q q 0 0 0 rg BT 100.74 718.40 Td (a ) Tj ET Q q 0 0 0 rg BT 106.54 718.40 Td (director) Tj ET Q q 0 0 0 rg BT 130.98 718.40 Td (. ) Tj ET Q q 0 0 0 rg BT 135.23 718.40 Td (In ) Tj ET Q q 0 0 0 rg BT 144.14 718.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 174.61 718.40 Td (none ) Tj ET Q q 0 0 0 rg BT 192.41 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 201.33 718.40 Td (our ) Tj ET Q q 0 0 0 rg BT 214.24 718.40 Td (executive ) Tj ET Q q 0 0 0 rg BT 247.14 718.40 Td (of) Tj ET Q q 0 0 0 rg BT 253.66 718.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 273.68 718.40 Td (served ) Tj ET Q q 0 0 0 rg BT 296.81 718.40 Td (as ) Tj ET Q q 0 0 0 rg BT 305.72 718.40 Td (a ) Tj ET Q q 0 0 0 rg BT 311.53 718.40 Td (director ) Tj ET Q q 0 0 0 rg BT 338.65 718.40 Td (or ) Tj ET Q q 0 0 0 rg BT 347.57 718.40 Td (member ) Tj ET Q q 0 0 0 rg BT 376.03 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 384.94 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 396.97 718.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 443.65 718.40 Td (committee ) Tj ET Q q 0 0 0 rg BT 479.67 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 488.58 718.40 Td (any ) Tj ET Q q 0 0 0 rg BT 502.39 718.40 Td (other ) Tj ET Q q 0 0 0 rg BT 521.08 718.40 Td (entity ) Tj ET Q q 0 0 0 rg BT 541.54 718.40 Td (one ) Tj ET Q q 0 0 0 rg BT 555.35 718.40 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (whose ) Tj ET Q q 0 0 0 rg BT 72.60 708.80 Td (executive ) Tj ET Q q 0 0 0 rg BT 105.40 708.80 Td (of) Tj ET Q q 0 0 0 rg BT 111.92 708.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 131.85 708.80 Td (serves ) Tj ET Q q 0 0 0 rg BT 154.00 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 162.82 708.80 Td (one ) Tj ET Q q 0 0 0 rg BT 176.53 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 185.35 708.80 Td (our ) Tj ET Q q 0 0 0 rg BT 198.17 708.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 228.31 708.80 Td (or ) Tj ET Q q 0 0 0 rg BT 237.13 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 245.96 708.80 Td (a ) Tj ET Q q 0 0 0 rg BT 251.66 708.80 Td (member ) Tj ET Q q 0 0 0 rg BT 280.03 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 288.85 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 300.78 708.80 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 349.16 708.80 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 388.71 708.80 Td (The ) Tj ET Q q 0 0 0 rg BT 403.31 708.80 Td (members ) Tj ET Q q 0 0 0 rg BT 434.79 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 443.61 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 455.54 708.80 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 503.92 708.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 541.62 708.80 Td (do ) Tj ET Q q 0 0 0 rg BT 551.78 708.80 Td (not ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (have ) Tj ET Q q 0 0 0 rg BT 67.10 699.20 Td (any ) Tj ET Q q 0 0 0 rg BT 80.65 699.20 Td (relationship ) Tj ET Q q 0 0 0 rg BT 120.42 699.20 Td (that ) Tj ET Q q 0 0 0 rg BT 134.42 699.20 Td (is ) Tj ET Q q 0 0 0 rg BT 141.75 699.20 Td (required ) Tj ET Q q 0 0 0 rg BT 170.41 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 178.63 699.20 Td (be ) Tj ET Q q 0 0 0 rg BT 188.18 699.20 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 219.95 699.20 Td (under ) Tj ET Q q 0 0 0 rg BT 240.17 699.20 Td (this ) Tj ET Q q 0 0 0 rg BT 253.73 699.20 Td (caption ) Tj ET Q q 0 0 0 rg BT 279.27 699.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 308.82 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 317.05 699.20 Td (SEC ) Tj ET Q q 0 0 0 rg BT 333.72 699.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 351.27 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 364.82 699.20 Td (regulations.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td (There ) Tj ET Q q 0 0 0 rg BT 70.65 683.60 Td (were ) Tj ET Q q 0 0 0 rg BT 88.20 683.60 Td (no ) Tj ET Q q 0 0 0 rg BT 98.20 683.60 Td (interlocks ) Tj ET Q q 0 0 0 rg BT 131.74 683.60 Td (or ) Tj ET Q q 0 0 0 rg BT 140.41 683.60 Td (other ) Tj ET Q q 0 0 0 rg BT 158.84 683.60 Td (relationships ) Tj ET Q q 0 0 0 rg BT 201.73 683.60 Td (among ) Tj ET Q q 0 0 0 rg BT 225.50 683.60 Td (our ) Tj ET Q q 0 0 0 rg BT 238.16 683.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 270.81 683.60 Td (of) Tj ET Q q 0 0 0 rg BT 277.33 683.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 297.10 683.60 Td (and ) Tj ET Q q 0 0 0 rg BT 310.65 683.60 Td (directors.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.95 662.00 Td (SUMMAR) Tj ET Q q 0 0 0 rg BT 273.55 662.00 Td (Y) Tj ET Q q 0 0 0 rg BT 279.03 662.00 Td ( COMPENSA) Tj ET Q q 0 0 0 rg BT 326.22 662.00 Td (TION ) Tj ET Q q 0 0 0 rg BT 348.52 662.00 Td (T) Tj ET Q q 0 0 0 rg BT 353.26 662.00 Td (ABLE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 646.40 Td (The ) Tj ET Q q 0 0 0 rg BT 64.38 646.40 Td (following ) Tj ET Q q 0 0 0 rg BT 97.44 646.40 Td (table ) Tj ET Q q 0 0 0 rg BT 114.93 646.40 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 155.08 646.40 Td (all ) Tj ET Q q 0 0 0 rg BT 165.02 646.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 180.74 646.40 Td (and ) Tj ET Q q 0 0 0 rg BT 194.24 646.40 Td (non-plan ) Tj ET Q q 0 0 0 rg BT 224.62 646.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 271.00 646.40 Td (awarded ) Tj ET Q q 0 0 0 rg BT 300.03 646.40 Td (to, ) Tj ET Q q 0 0 0 rg BT 310.20 646.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 333.46 646.40 Td (by) Tj ET Q q 0 0 0 rg BT 340.94 646.40 Td (, ) Tj ET Q q 0 0 0 rg BT 344.89 646.40 Td (or ) Tj ET Q q 0 0 0 rg BT 353.49 646.40 Td (paid ) Tj ET Q q 0 0 0 rg BT 369.21 646.40 Td (to ) Tj ET Q q 0 0 0 rg BT 377.38 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 389.10 646.40 Td (Company) Tj ET Q q 0 0 0 rg BT 422.43 646.40 Td (s ) Tj ET Q q 0 0 0 rg BT 427.49 646.40 Td (co-CEOs, ) Tj ET Q q 0 0 0 rg BT 460.76 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 472.48 646.40 Td (acting ) Tj ET Q q 0 0 0 rg BT 493.97 646.40 Td (CFO ) Tj ET Q q 0 0 0 rg BT 511.47 646.40 Td (and ) Tj ET Q q 0 0 0 rg BT 524.97 646.40 Td (the ) Tj ET Q q 0 0 0 rg BT 536.69 646.40 Td (General ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 636.80 Td (Counsel, ) Tj ET Q q 0 0 0 rg BT 80.23 636.80 Td (who ) Tj ET Q q 0 0 0 rg BT 96.02 636.80 Td (were ) Tj ET Q q 0 0 0 rg BT 113.58 636.80 Td (the ) Tj ET Q q 0 0 0 rg BT 125.36 636.80 Td (only ) Tj ET Q q 0 0 0 rg BT 141.60 636.80 Td (executive ) Tj ET Q q 0 0 0 rg BT 174.26 636.80 Td (of) Tj ET Q q 0 0 0 rg BT 180.78 636.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 200.55 636.80 Td (who ) Tj ET Q q 0 0 0 rg BT 216.34 636.80 Td (served ) Tj ET Q q 0 0 0 rg BT 239.23 636.80 Td (in ) Tj ET Q q 0 0 0 rg BT 247.47 636.80 Td (such ) Tj ET Q q 0 0 0 rg BT 264.14 636.80 Td (capacities ) Tj ET Q q 0 0 0 rg BT 297.69 636.80 Td (on ) Tj ET Q q 0 0 0 rg BT 307.70 636.80 Td (December ) Tj ET Q q 0 0 0 rg BT 342.58 636.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.59 636.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 374.61 636.80 Td (as ) Tj ET Q q 0 0 0 rg BT 383.28 636.80 Td (well ) Tj ET Q q 0 0 0 rg BT 399.07 636.80 Td (as ) Tj ET Q q 0 0 0 rg BT 407.74 636.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.53 636.80 Td (former ) Tj ET Q q 0 0 0 rg BT 443.30 636.80 Td (President ) Tj ET Q q 0 0 0 rg BT 475.09 636.80 Td (and ) Tj ET Q q 0 0 0 rg BT 488.65 636.80 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 508.66 636.80 Td (the ) Tj ET Q q 0 0 0 rg BT 520.45 636.80 Td (former ) Tj ET Q q 0 0 0 rg BT 544.23 636.80 Td (Chief ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 627.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 81.30 627.20 Td (Of) Tj ET Q q 0 0 0 rg BT 89.60 627.20 Td (ficer ) Tj ET Q q 0 0 0 rg BT 105.79 627.20 Td (and ) Tj ET Q q 0 0 0 rg BT 118.87 627.20 Td (the ) Tj ET Q q 0 0 0 rg BT 130.18 627.20 Td (former ) Tj ET Q q 0 0 0 rg BT 153.47 627.20 Td (EVP) Tj ET Q q 0 0 0 rg BT 168.29 627.20 Td ( ) Tj ET Q q 0 0 0 rg BT 169.82 627.20 Td (- ) Tj ET Q q 0 0 0 rg BT 174.02 627.20 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 203.99 627.20 Td (Planning ) Tj ET Q q 0 0 0 rg BT 233.97 627.20 Td (and ) Tj ET Q q 0 0 0 rg BT 247.05 627.20 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 285.69 627.20 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 325.15 627.20 Td (, ) Tj ET Q q 0 0 0 rg BT 328.68 627.20 Td (the ) Tj ET Q q 0 0 0 rg BT 339.99 627.20 Td (Named ) Tj ET Q q 0 0 0 rg BT 368.17 627.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 401.69 627.20 Td (Of) Tj ET Q q 0 0 0 rg BT 409.99 627.20 Td (ficers\), ) Tj ET Q q 0 0 0 rg BT 437.50 627.20 Td (for ) Tj ET Q q 0 0 0 rg BT 448.36 627.20 Td (services ) Tj ET Q q 0 0 0 rg BT 475.66 627.20 Td (rendered ) Tj ET Q q 0 0 0 rg BT 505.17 627.20 Td (while ) Tj ET Q q 0 0 0 rg BT 524.48 627.20 Td (such ) Tj ET Q q 0 0 0 rg BT 540.68 627.20 Td (person ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 617.60 Td (was ) Tj ET Q q 0 0 0 rg BT 64.60 617.60 Td (serving ) Tj ET Q q 0 0 0 rg BT 90.32 617.60 Td (as ) Tj ET Q q 0 0 0 rg BT 99.14 617.60 Td (a ) Tj ET Q q 0 0 0 rg BT 104.86 617.60 Td (Named ) Tj ET Q q 0 0 0 rg BT 130.12 617.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 164.27 617.60 Td (Of) Tj ET Q q 0 0 0 rg BT 172.56 617.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 189.38 617.60 Td (for ) Tj ET Q q 0 0 0 rg BT 200.87 617.60 Td (our ) Tj ET Q q 0 0 0 rg BT 213.69 617.60 Td (last ) Tj ET Q q 0 0 0 rg BT 226.96 617.60 Td (three ) Tj ET Q q 0 0 0 rg BT 245.12 617.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 264.60 617.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 285.64 617.60 Td (No ) Tj ET Q q 0 0 0 rg BT 297.58 617.60 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 342.84 617.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 371.65 617.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 418.24 617.60 Td (was ) Tj ET Q q 0 0 0 rg BT 432.85 617.60 Td (awarded ) Tj ET Q q 0 0 0 rg BT 462.10 617.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.49 617.60 Td (any ) Tj ET Q q 0 0 0 rg BT 484.20 617.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 517.46 617.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.85 617.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 546.01 617.60 Td (2012 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 608.00 Td (or ) Tj ET Q q 0 0 0 rg BT 58.66 608.00 Td (201) Tj ET Q q 0 0 0 rg BT 70.37 608.00 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 592.40 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 81.18 592.40 Td (of ) Tj ET Q q 0 0 0 rg BT 89.69 592.40 Td (salary) Tj ET Q q 0 0 0 rg BT 108.27 592.40 Td (, ) Tj ET Q q 0 0 0 rg BT 112.12 592.40 Td (bonus ) Tj ET Q q 0 0 0 rg BT 133.08 592.40 Td (and ) Tj ET Q q 0 0 0 rg BT 146.47 592.40 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 182.98 592.40 Td (incentive ) Tj ET Q q 0 0 0 rg BT 214.15 592.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 229.77 592.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 276.04 592.40 Td (set ) Tj ET Q q 0 0 0 rg BT 286.78 592.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 304.17 592.40 Td (in ) Tj ET Q q 0 0 0 rg BT 312.24 592.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.86 592.40 Td (Summary ) Tj ET Q q 0 0 0 rg BT 356.82 592.40 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 404.75 592.40 Td (T) Tj ET Q q 0 0 0 rg BT 409.08 592.40 Td (able ) Tj ET Q q 0 0 0 rg BT 424.25 592.40 Td (and ) Tj ET Q q 0 0 0 rg BT 437.64 592.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.26 592.40 Td (notes ) Tj ET Q q 0 0 0 rg BT 467.99 592.40 Td (below ) Tj ET Q q 0 0 0 rg BT 489.39 592.40 Td (earned ) Tj ET Q q 0 0 0 rg BT 512.55 592.40 Td (by ) Tj ET Q q 0 0 0 rg BT 522.40 592.40 Td (each ) Tj ET Q q 0 0 0 rg BT 538.90 592.40 Td (Named ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 582.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 83.98 582.80 Td (Of) Tj ET Q q 0 0 0 rg BT 92.28 582.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 108.93 582.80 Td (in ) Tj ET Q q 0 0 0 rg BT 117.16 582.80 Td (a ) Tj ET Q q 0 0 0 rg BT 122.71 582.80 Td (currency ) Tj ET Q q 0 0 0 rg BT 152.69 582.80 Td (other ) Tj ET Q q 0 0 0 rg BT 171.13 582.80 Td (than ) Tj ET Q q 0 0 0 rg BT 186.90 582.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 203.13 582.80 Td (dollars ) Tj ET Q q 0 0 0 rg BT 226.90 582.80 Td (have ) Tj ET Q q 0 0 0 rg BT 244.00 582.80 Td (been ) Tj ET Q q 0 0 0 rg BT 261.10 582.80 Td (translated ) Tj ET Q q 0 0 0 rg BT 294.20 582.80 Td (using ) Tj ET Q q 0 0 0 rg BT 313.54 582.80 Td (the ) Tj ET Q q 0 0 0 rg BT 325.31 582.80 Td (average ) Tj ET Q q 0 0 0 rg BT 352.18 582.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 384.38 582.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 398.37 582.80 Td (for ) Tj ET Q q 0 0 0 rg BT 409.70 582.80 Td (2013, ) Tj ET Q q 0 0 0 rg BT 429.70 582.80 Td (2012 ) Tj ET Q q 0 0 0 rg BT 447.70 582.80 Td (or ) Tj ET Q q 0 0 0 rg BT 456.36 582.80 Td (201) Tj ET Q q 0 0 0 rg BT 468.06 582.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 476.06 582.80 Td (as ) Tj ET Q q 0 0 0 rg BT 484.73 582.80 Td (applicable.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 521.30 73.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 521.30 34.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 521.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 521.30 20.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 521.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 521.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 521.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 521.30 20.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 521.30 56.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 521.30 40.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 521.30 21.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 521.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 521.30 56.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.30 73.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 463.30 34.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 463.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 463.30 20.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 463.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 463.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 463.30 41.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 463.30 20.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 463.30 56.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 463.30 40.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 463.30 21.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 463.30 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 463.30 56.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.30 73.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 421.30 34.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 421.30 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 421.30 20.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 421.30 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 421.30 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 421.30 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 421.30 20.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 421.30 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 421.30 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 421.30 21.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 421.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 421.30 56.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.30 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 123.50 387.30 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 387.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 387.30 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 387.30 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 387.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 387.30 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 387.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 387.30 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 219.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 219.30 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 219.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 219.30 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 219.30 21.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 219.30 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 219.30 56.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 123.5 521.3 m 157.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 161.5 521.3 m 202.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 521.3 m 222.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 521.3 m 267.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 521.3 m 312.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 521.3 m 357.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 521.3 m 377.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 521.3 m 437.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 521.3 m 481.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 521.3 m 502.5 521.3 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 521.3 m 562.5 521.3 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 138.15 525.53 Td (Year) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.75 525.53 Td (Salary) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.65 533.53 Td (Bonus) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.65 525.53 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.85 541.53 Td (Stock) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.90 533.53 Td (Awards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.65 525.53 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 323.10 533.53 Td (Option awards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.65 525.53 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.95 549.53 Td (Non-Equity ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.85 541.53 Td (Incentive Plan ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 384.65 533.53 Td (Compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.65 525.53 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.45 533.53 Td (All Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 449.65 525.53 Td (Compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.50 533.53 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.65 525.53 Td (Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 512.55 Td (Michael Del Nin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 504.55 Td (co-Chief Executive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 496.55 Td (Of) Tj ET Q q 0 0 0 rg BT 61.30 496.55 Td (ficer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 496.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 496.55 Td (233,242) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 496.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 496.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 496.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 496.55 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.25 496.55 Td (20,389) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 496.55 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.00 496.55 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 496.55 Td (453,631) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 483.55 Td (Christoph Mainusch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 475.55 Td (co-Chief Executive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 467.55 Td (Officer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 467.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 467.55 Td (233,242) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 467.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 467.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 467.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 467.55 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.25 467.55 Td (78,205) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 467.55 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 467.55 Td (511,447) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 454.55 Td (David Sturgeon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 446.55 Td (Acting Chief) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 438.55 Td (Financial Officer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 438.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 438.55 Td (398,967) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.25 438.55 Td (45,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.25 438.55 Td (88,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 438.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 438.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 438.55 Td (173,843) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 438.55 Td (\(5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 438.55 Td (706,410) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 425.55 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 425.55 Td (414,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.00 425.55 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.25 425.55 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.25 425.55 Td (83,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 425.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 425.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 425.55 Td (166,852) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 425.55 Td (\(7\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 425.55 Td (705,107) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 412.55 Td (Daniel Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 404.55 Td (General Counsel) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 404.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 404.55 Td (523,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.25 404.55 Td (125,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 404.55 Td (177,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 404.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 404.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.25 404.55 Td (11,001) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 404.55 Td (\(8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 404.55 Td (836,966) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 391.55 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 391.55 Td (530,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.25 391.55 Td (75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 391.55 Td (279,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 391.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 391.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 391.55 Td (9,260) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 391.55 Td (\(8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.25 391.55 Td (894,663) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.25 378.55 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 378.55 Td (481,054) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 378.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 378.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 378.55 Td (280,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.00 378.55 Td (\(9\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 378.55 Td (447,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.25 378.55 Td (5,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 378.55 Td (\(8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 378.55 Td (1,214,969) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 365.55 Td (Adrian Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 357.55 Td (Former President ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 349.55 Td (and CEO) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 349.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.25 349.55 Td (1,800,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 349.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 349.55 Td (265,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 349.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 349.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.25 349.55 Td (5,477,924) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 349.55 Td (\(10\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 349.55 Td (7,543,724) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 336.55 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.25 336.55 Td (1,800,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 336.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 336.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 336.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 336.55 Td (133,100) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 336.55 Td (124,486) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 336.55 Td (\(11\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 336.55 Td (2,057,586) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.25 323.55 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.25 323.55 Td (1,800,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.25 323.55 Td (320,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 323.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 323.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.25 323.55 Td (1,481,034) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 323.55 Td (127,022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 323.55 Td (\(12\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 323.55 Td (3,728,056) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 310.55 Td (David Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 302.55 Td (Former Chief) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 294.55 Td (Financial Officer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 294.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 294.55 Td (479,832) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 294.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 294.55 Td (177,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 294.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 294.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.25 294.55 Td (1,899,807) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 294.55 Td (\(13\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 294.55 Td (2,556,839) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 281.55 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 281.55 Td (580,980) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.25 281.55 Td (75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 281.55 Td (335,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 281.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 281.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 281.55 Td (112,529) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 281.55 Td (\(14\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 281.55 Td (1,103,909) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.25 268.55 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 268.55 Td (642,359) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 268.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 268.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 268.55 Td (393,050) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.00 268.55 Td (\(9\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 268.55 Td (603,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 268.55 Td (123,419) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 268.55 Td (\(15\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 268.55 Td (1,762,628) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 255.55 Td (Anthony Chhoy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 247.55 Td (Former Executive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 239.55 Td (Vice President -) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 231.55 Td (Strategic Planning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 223.55 Td (and Operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 223.55 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 223.55 Td (452,162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 223.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 223.55 Td (177,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 223.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 223.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.25 223.55 Td (1,610,164) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 223.55 Td (\(16\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 223.55 Td (2,239,526) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.00 210.55 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 210.55 Td (531,572) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.00 210.55 Td (\(17\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.25 210.55 Td (75,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.25 210.55 Td (335,400) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.30 210.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.30 210.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.25 210.55 Td (87,870) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 210.55 Td (\(18\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 210.55 Td (1,029,842) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.25 197.55 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.25 197.55 Td (570,187) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.30 197.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.30 197.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.25 197.55 Td (336,900) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.00 197.55 Td (\(9\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 197.55 Td (558,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.25 197.55 Td (87,950) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.00 197.55 Td (\(19\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.25 197.55 Td (1,553,837) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 181.20 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 181.20 Td (Information ) Tj ET Q q 0 0 0 rg BT 126.21 181.20 Td (in ) Tj ET Q q 0 0 0 rg BT 134.43 181.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 159.09 181.20 Td (of ) Tj ET Q q 0 0 0 rg BT 167.75 181.20 Td (bonus ) Tj ET Q q 0 0 0 rg BT 188.86 181.20 Td (awards ) Tj ET Q q 0 0 0 rg BT 213.52 181.20 Td (and ) Tj ET Q q 0 0 0 rg BT 227.07 181.20 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 263.73 181.20 Td (incentive ) Tj ET Q q 0 0 0 rg BT 295.05 181.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 310.82 181.20 Td (awards ) Tj ET Q q 0 0 0 rg BT 335.48 181.20 Td (is ) Tj ET Q q 0 0 0 rg BT 342.82 181.20 Td (summarized ) Tj ET Q q 0 0 0 rg BT 383.91 181.20 Td (below ) Tj ET Q q 0 0 0 rg BT 405.46 181.20 Td (for ) Tj ET Q q 0 0 0 rg BT 416.79 181.20 Td (each ) Tj ET Q q 0 0 0 rg BT 433.45 181.20 Td (Named ) Tj ET Q q 0 0 0 rg BT 458.55 181.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 492.53 181.20 Td (Of) Tj ET Q q 0 0 0 rg BT 500.83 181.20 Td (ficer) Tj ET Q q 0 0 0 rg BT 515.04 181.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 168.60 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 168.60 Td (These ) Tj ET Q q 0 0 0 rg BT 106.69 168.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 135.38 168.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 157.40 168.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 190.07 168.60 Td (grant ) Tj ET Q q 0 0 0 rg BT 208.10 168.60 Td (date ) Tj ET Q q 0 0 0 rg BT 223.01 168.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 235.70 168.60 Td (value ) Tj ET Q q 0 0 0 rg BT 254.61 168.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.86 168.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 287.10 168.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 312.68 168.60 Td (during ) Tj ET Q q 0 0 0 rg BT 335.15 168.60 Td (the ) Tj ET Q q 0 0 0 rg BT 346.51 168.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 365.42 168.60 Td (years ) Tj ET Q q 0 0 0 rg BT 383.89 168.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 404.58 168.60 Td (December ) Tj ET Q q 0 0 0 rg BT 439.03 168.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 450.62 168.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 470.21 168.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 487.79 168.60 Td (and ) Tj ET Q q 0 0 0 rg BT 500.93 168.60 Td (201) Tj ET Q q 0 0 0 rg BT 512.63 168.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 518.22 168.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.03 168.60 Td (accordance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 159.00 Td (with ) Tj ET Q q 0 0 0 rg BT 101.76 159.00 Td (ASC ) Tj ET Q q 0 0 0 rg BT 119.30 159.00 Td (718 ) Tj ET Q q 0 0 0 rg BT 133.28 159.00 Td (of ) Tj ET Q q 0 0 0 rg BT 141.92 159.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 166.56 159.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 196.08 159.00 Td (to ) Tj ET Q q 0 0 0 rg BT 204.29 159.00 Td (the ) Tj ET Q q 0 0 0 rg BT 216.04 159.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 236.24 159.00 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 267.98 159.00 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 285.74 159.00 Td (Assumptions ) Tj ET Q q 0 0 0 rg BT 329.50 159.00 Td (used ) Tj ET Q q 0 0 0 rg BT 346.14 159.00 Td (in ) Tj ET Q q 0 0 0 rg BT 354.34 159.00 Td (the ) Tj ET Q q 0 0 0 rg BT 366.09 159.00 Td (calculation ) Tj ET Q q 0 0 0 rg BT 403.17 159.00 Td (of ) Tj ET Q q 0 0 0 rg BT 411.81 159.00 Td (the ) Tj ET Q q 0 0 0 rg BT 423.56 159.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 456.63 159.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 475.04 159.00 Td (date ) Tj ET Q q 0 0 0 rg BT 490.34 159.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 503.42 159.00 Td (value ) Tj ET Q q 0 0 0 rg BT 522.72 159.00 Td (are ) Tj ET Q q 0 0 0 rg BT 534.47 159.00 Td (included ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 149.40 Td (in ) Tj ET Q q 0 0 0 rg BT 93.28 149.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 107.23 149.40 Td (II, ) Tj ET Q q 0 0 0 rg BT 115.62 149.40 Td (Item ) Tj ET Q q 0 0 0 rg BT 131.34 149.40 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 138.40 149.40 Td (Note ) Tj ET Q q 0 0 0 rg BT 155.01 149.40 Td (17, ) Tj ET Q q 0 0 0 rg BT 166.07 149.40 Td ("Stock-based ) Tj ET Q q 0 0 0 rg BT 209.49 149.40 Td (Compensation") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.98 149.40 Td (. ) Tj ET Q q 0 0 0 rg BT 261.96 149.40 Td (The ) Tj ET Q q 0 0 0 rg BT 275.46 149.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 298.06 149.40 Td (A) Tj ET Q q 0 0 0 rg BT 303.10 149.40 Td (wards ) Tj ET Q q 0 0 0 rg BT 326.81 149.40 Td (column ) Tj ET Q q 0 0 0 rg BT 351.87 149.40 Td (excludes ) Tj ET Q q 0 0 0 rg BT 380.92 149.40 Td (the ) Tj ET Q q 0 0 0 rg BT 391.75 149.40 Td (value ) Tj ET Q q 0 0 0 rg BT 410.13 149.40 Td (of ) Tj ET Q q 0 0 0 rg BT 417.86 149.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 448.68 149.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 466.63 149.40 Td (units ) Tj ET Q q 0 0 0 rg BT 483.24 149.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 508.29 149.40 Td (on ) Tj ET Q q 0 0 0 rg BT 517.35 149.40 Td (June25,2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 139.80 Td (in ) Tj ET Q q 0 0 0 rg BT 94.23 139.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 126.45 139.80 Td (for ) Tj ET Q q 0 0 0 rg BT 137.78 139.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 177.13 139.80 Td (options ) Tj ET Q q 0 0 0 rg BT 202.69 139.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 232.25 139.80 Td (to ) Tj ET Q q 0 0 0 rg BT 240.49 139.80 Td (the ) Tj ET Q q 0 0 0 rg BT 252.27 139.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 285.38 139.80 Td (option ) Tj ET Q q 0 0 0 rg BT 307.83 139.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 340.04 139.80 Td (program. ) Tj ET Q q 0 0 0 rg BT 371.16 139.80 Td (For ) Tj ET Q q 0 0 0 rg BT 384.28 139.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 418.28 139.80 Td (information ) Tj ET Q q 0 0 0 rg BT 458.06 139.80 Td (see ) Tj ET Q q 0 0 0 rg BT 470.29 139.80 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 514.96 139.80 Td (Equity ) Tj ET Q q 0 0 0 rg BT 537.85 139.80 Td (A) Tj ET Q q 0 0 0 rg BT 542.90 139.80 Td (wards ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 130.20 Td (at ) Tj ET Q q 0 0 0 rg BT 93.77 130.20 Td (December ) Tj ET Q q 0 0 0 rg BT 128.64 130.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 140.64 130.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 162.19 130.20 Td (below) Tj ET Q q 0 0 0 rg BT 181.22 130.20 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 117.60 Td (\(3\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 117.60 Td (Represents ) Tj ET Q q 0 0 0 rg BT 123.10 117.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 139.33 117.60 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 163.33 117.60 Td (for ) Tj ET Q q 0 0 0 rg BT 174.66 117.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 192.20 117.60 Td (fees, ) Tj ET Q q 0 0 0 rg BT 209.08 117.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 225.31 117.60 Td (5,389 ) Tj ET Q q 0 0 0 rg BT 245.31 117.60 Td (for ) Tj ET Q q 0 0 0 rg BT 256.64 117.60 Td (health ) Tj ET Q q 0 0 0 rg BT 278.18 117.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 310.84 117.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.39 117.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 340.61 117.60 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 360.61 117.60 Td (for ) Tj ET Q q 0 0 0 rg BT 371.94 117.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 396.61 117.60 Td (transportation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 105.00 Td (\(4\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 105.00 Td (Represents ) Tj ET Q q 0 0 0 rg BT 122.54 105.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 170.19 105.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 185.85 105.00 Td (23,307 ) Tj ET Q q 0 0 0 rg BT 209.29 105.00 Td (for ) Tj ET Q q 0 0 0 rg BT 220.06 105.00 Td (school ) Tj ET Q q 0 0 0 rg BT 242.38 105.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 258.70 105.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 274.36 105.00 Td (20,000 ) Tj ET Q q 0 0 0 rg BT 297.80 105.00 Td (for ) Tj ET Q q 0 0 0 rg BT 308.57 105.00 Td (relocation ) Tj ET Q q 0 0 0 rg BT 341.99 105.00 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 374.31 105.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 421.95 105.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 437.62 105.00 Td (14,322 ) Tj ET Q q 0 0 0 rg BT 461.06 105.00 Td (for ) Tj ET Q q 0 0 0 rg BT 471.82 105.00 Td (overseas ) Tj ET Q q 0 0 0 rg BT 500.81 105.00 Td (housing ) Tj ET Q q 0 0 0 rg BT 527.58 105.00 Td (allowance, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 95.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 102.23 95.40 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 126.23 95.40 Td (for ) Tj ET Q q 0 0 0 rg BT 137.55 95.40 Td (legal ) Tj ET Q q 0 0 0 rg BT 155.10 95.40 Td (fees, ) Tj ET Q q 0 0 0 rg BT 171.98 95.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 220.19 95.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 236.41 95.40 Td (5,576 ) Tj ET Q q 0 0 0 rg BT 256.41 95.40 Td (for ) Tj ET Q q 0 0 0 rg BT 267.74 95.40 Td (health ) Tj ET Q q 0 0 0 rg BT 289.29 95.40 Td (and ) Tj ET Q q 0 0 0 rg BT 302.84 95.40 Td (life ) Tj ET Q q 0 0 0 rg BT 315.50 95.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 348.15 95.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 375.48 95.40 Td (and ) Tj ET Q q 0 0 0 rg BT 389.03 95.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 405.25 95.40 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 425.25 95.40 Td (for ) Tj ET Q q 0 0 0 rg BT 436.58 95.40 Td (ground ) Tj ET Q q 0 0 0 rg BT 461.25 95.40 Td (transportation.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 82.80 Td (\(5\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 82.80 Td (Represents ) Tj ET Q q 0 0 0 rg BT 123.64 82.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 172.38 82.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 189.15 82.80 Td (76,1) Tj ET Q q 0 0 0 rg BT 202.85 82.80 Td (1) Tj ET Q q 0 0 0 rg BT 206.56 82.80 Td (1 ) Tj ET Q q 0 0 0 rg BT 213.09 82.80 Td (for ) Tj ET Q q 0 0 0 rg BT 224.96 82.80 Td (overseas ) Tj ET Q q 0 0 0 rg BT 255.04 82.80 Td (housing ) Tj ET Q q 0 0 0 rg BT 282.92 82.80 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 319.88 82.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 368.62 82.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 385.39 82.80 Td (73,254 ) Tj ET Q q 0 0 0 rg BT 409.93 82.80 Td (for ) Tj ET Q q 0 0 0 rg BT 421.79 82.80 Td (school ) Tj ET Q q 0 0 0 rg BT 445.22 82.80 Td (fees, ) Tj ET Q q 0 0 0 rg BT 462.63 82.80 Td (approximately ) Tj ET Q q 0 0 0 rg BT 511.38 82.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 528.14 82.80 Td (22,553 ) Tj ET Q q 0 0 0 rg BT 552.68 82.80 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 73.20 Td (health ) Tj ET Q q 0 0 0 rg BT 107.55 73.20 Td (and ) Tj ET Q q 0 0 0 rg BT 121.10 73.20 Td (life ) Tj ET Q q 0 0 0 rg BT 133.76 73.20 Td (insurance ) Tj ET Q q 0 0 0 rg BT 166.41 73.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 193.73 73.20 Td (and ) Tj ET Q q 0 0 0 rg BT 207.29 73.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 255.49 73.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 271.72 73.20 Td (1,925 ) Tj ET Q q 0 0 0 rg BT 291.72 73.20 Td (for ) Tj ET Q q 0 0 0 rg BT 303.05 73.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.82 73.20 Td (return ) Tj ET Q q 0 0 0 rg BT 335.92 73.20 Td (preparation ) Tj ET Q q 0 0 0 rg BT 374.35 73.20 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 60.60 Td (\(6\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 60.60 Td (Includes ) Tj ET Q q 0 0 0 rg BT 115.10 60.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.88 60.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 176.86 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.52 60.60 Td (CZK ) Tj ET Q q 0 0 0 rg BT 203.52 60.60 Td (300,000 ) Tj ET Q q 0 0 0 rg BT 231.52 60.60 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 282.39 60.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 298.62 60.60 Td (15,348\) ) Tj ET Q q 0 0 0 rg BT 325.29 60.60 Td (for ) Tj ET Q q 0 0 0 rg BT 336.61 60.60 Td (accrued ) Tj ET Q q 0 0 0 rg BT 363.48 60.60 Td (unused ) Tj ET Q q 0 0 0 rg BT 388.14 60.60 Td (vacation ) Tj ET Q q 0 0 0 rg BT 417.24 60.60 Td (days.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (101) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 743.50 Td (\(7\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 743.50 Td (Represents ) Tj ET Q q 0 0 0 rg BT 123.05 743.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 171.20 743.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 187.37 743.50 Td (76,128 ) Tj ET Q q 0 0 0 rg BT 211.31 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 222.58 743.50 Td (an ) Tj ET Q q 0 0 0 rg BT 232.08 743.50 Td (overseas ) Tj ET Q q 0 0 0 rg BT 261.57 743.50 Td (housing ) Tj ET Q q 0 0 0 rg BT 288.85 743.50 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 325.22 743.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 373.37 743.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 389.54 743.50 Td (67,601 ) Tj ET Q q 0 0 0 rg BT 413.48 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 424.76 743.50 Td (school ) Tj ET Q q 0 0 0 rg BT 447.59 743.50 Td (fees, ) Tj ET Q q 0 0 0 rg BT 464.41 743.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 512.56 743.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 528.73 743.50 Td (21,645 ) Tj ET Q q 0 0 0 rg BT 552.68 743.50 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 733.90 Td (health ) Tj ET Q q 0 0 0 rg BT 107.55 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 121.10 733.90 Td (life ) Tj ET Q q 0 0 0 rg BT 133.76 733.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 166.41 733.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 193.73 733.90 Td (and ) Tj ET Q q 0 0 0 rg BT 207.29 733.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 255.49 733.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 271.72 733.90 Td (1,478 ) Tj ET Q q 0 0 0 rg BT 291.72 733.90 Td (for ) Tj ET Q q 0 0 0 rg BT 303.05 733.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.82 733.90 Td (return ) Tj ET Q q 0 0 0 rg BT 335.92 733.90 Td (preparation ) Tj ET Q q 0 0 0 rg BT 374.35 733.90 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 721.30 Td (\(8\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 721.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 123.10 721.30 Td (health ) Tj ET Q q 0 0 0 rg BT 144.65 721.30 Td (and ) Tj ET Q q 0 0 0 rg BT 158.20 721.30 Td (life ) Tj ET Q q 0 0 0 rg BT 170.86 721.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 203.51 721.30 Td (benefits.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 708.70 Td (\(9\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 708.70 Td (Exchanged ) Tj ET Q q 0 0 0 rg BT 123.04 708.70 Td (for ) Tj ET Q q 0 0 0 rg BT 133.88 708.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 165.15 708.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 183.54 708.70 Td (units ) Tj ET Q q 0 0 0 rg BT 200.60 708.70 Td (on ) Tj ET Q q 0 0 0 rg BT 210.11 708.70 Td (June ) Tj ET Q q 0 0 0 rg BT 226.28 708.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 237.79 708.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 255.29 708.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 284.35 708.70 Td (to ) Tj ET Q q 0 0 0 rg BT 292.08 708.70 Td (the ) Tj ET Q q 0 0 0 rg BT 303.36 708.70 Td (employee ) Tj ET Q q 0 0 0 rg BT 335.96 708.70 Td (option ) Tj ET Q q 0 0 0 rg BT 357.91 708.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 389.62 708.70 Td (program. ) Tj ET Q q 0 0 0 rg BT 420.23 708.70 Td (For ) Tj ET Q q 0 0 0 rg BT 432.85 708.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 466.34 708.70 Td (information, ) Tj ET Q q 0 0 0 rg BT 507.62 708.70 Td (see ) Tj ET Q q 0 0 0 rg BT 519.34 708.70 Td (Outstanding ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 699.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 108.89 699.10 Td (A) Tj ET Q q 0 0 0 rg BT 113.93 699.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 135.04 699.10 Td (at ) Tj ET Q q 0 0 0 rg BT 142.81 699.10 Td (December ) Tj ET Q q 0 0 0 rg BT 177.68 699.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 189.68 699.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 211.23 699.10 Td (below) Tj ET Q q 0 0 0 rg BT 230.26 699.10 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 686.50 Td (\(10\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 686.50 Td (Represents ) Tj ET Q q 0 0 0 rg BT 123.41 686.50 Td (a ) Tj ET Q q 0 0 0 rg BT 129.27 686.50 Td (severance ) Tj ET Q q 0 0 0 rg BT 163.12 686.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 192.97 686.50 Td (of ) Tj ET Q q 0 0 0 rg BT 201.95 686.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 218.48 686.50 Td (5.4 ) Tj ET Q q 0 0 0 rg BT 230.79 686.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 258.22 686.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 306.74 686.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 323.27 686.50 Td (23,428 ) Tj ET Q q 0 0 0 rg BT 347.58 686.50 Td (for ) Tj ET Q q 0 0 0 rg BT 359.22 686.50 Td (an ) Tj ET Q q 0 0 0 rg BT 369.08 686.50 Td (overseas ) Tj ET Q q 0 0 0 rg BT 398.94 686.50 Td (housing ) Tj ET Q q 0 0 0 rg BT 426.58 686.50 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 463.32 686.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 511.84 686.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 528.38 686.50 Td (18,201 ) Tj ET Q q 0 0 0 rg BT 552.69 686.50 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 676.90 Td (health ) Tj ET Q q 0 0 0 rg BT 107.38 676.90 Td (and ) Tj ET Q q 0 0 0 rg BT 120.77 676.90 Td (life ) Tj ET Q q 0 0 0 rg BT 133.26 676.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 165.75 676.90 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 194.91 676.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 242.95 676.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 259.01 676.90 Td (1) Tj ET Q q 0 0 0 rg BT 262.72 676.90 Td (1,746 ) Tj ET Q q 0 0 0 rg BT 282.55 676.90 Td (for ) Tj ET Q q 0 0 0 rg BT 293.71 676.90 Td (travel ) Tj ET Q q 0 0 0 rg BT 313.76 676.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 331.59 676.90 Td (\(including ) Tj ET Q q 0 0 0 rg BT 366.31 676.90 Td (ground ) Tj ET Q q 0 0 0 rg BT 390.81 676.90 Td (transportation\) ) Tj ET Q q 0 0 0 rg BT 439.74 676.90 Td (and ) Tj ET Q q 0 0 0 rg BT 453.13 676.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 501.17 676.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 517.23 676.90 Td (24,549 ) Tj ET Q q 0 0 0 rg BT 541.07 676.90 Td (for ) Tj ET Q q 0 0 0 rg BT 552.23 676.90 Td (tax ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 667.30 Td (return ) Tj ET Q q 0 0 0 rg BT 107.10 667.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 145.53 667.30 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 654.70 Td (\(1) Tj ET Q q 0 0 0 rg BT 74.37 654.70 Td (1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 654.70 Td (Represents ) Tj ET Q q 0 0 0 rg BT 124.79 654.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 174.70 654.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 192.62 654.70 Td (90,712 ) Tj ET Q q 0 0 0 rg BT 218.31 654.70 Td (for ) Tj ET Q q 0 0 0 rg BT 231.33 654.70 Td (an ) Tj ET Q q 0 0 0 rg BT 242.57 654.70 Td (overseas ) Tj ET Q q 0 0 0 rg BT 273.81 654.70 Td (housing ) Tj ET Q q 0 0 0 rg BT 302.84 654.70 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 340.96 654.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 390.86 654.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 408.78 654.70 Td (17,851 ) Tj ET Q q 0 0 0 rg BT 434.47 654.70 Td (for ) Tj ET Q q 0 0 0 rg BT 447.49 654.70 Td (health ) Tj ET Q q 0 0 0 rg BT 470.73 654.70 Td (and ) Tj ET Q q 0 0 0 rg BT 485.98 654.70 Td (life ) Tj ET Q q 0 0 0 rg BT 500.33 654.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 534.68 654.70 Td (benefits, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 645.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 134.21 645.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 150.43 645.10 Td (13,732 ) Tj ET Q q 0 0 0 rg BT 174.43 645.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.76 645.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 205.97 645.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 223.97 645.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 258.86 645.10 Td (ground ) Tj ET Q q 0 0 0 rg BT 283.52 645.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 329.95 645.10 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 350.62 645.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.17 645.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 412.38 645.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 428.60 645.10 Td (2,191 ) Tj ET Q q 0 0 0 rg BT 448.60 645.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.93 645.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 471.70 645.10 Td (return ) Tj ET Q q 0 0 0 rg BT 492.80 645.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 531.23 645.10 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 632.50 Td (\(12\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 632.50 Td (Represents ) Tj ET Q q 0 0 0 rg BT 122.77 632.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 170.64 632.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 186.54 632.50 Td (98,187 ) Tj ET Q q 0 0 0 rg BT 210.20 632.50 Td (for ) Tj ET Q q 0 0 0 rg BT 221.20 632.50 Td (an ) Tj ET Q q 0 0 0 rg BT 230.42 632.50 Td (overseas ) Tj ET Q q 0 0 0 rg BT 259.63 632.50 Td (housing ) Tj ET Q q 0 0 0 rg BT 286.63 632.50 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 322.72 632.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 370.60 632.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 386.49 632.50 Td (16,659 ) Tj ET Q q 0 0 0 rg BT 410.16 632.50 Td (for ) Tj ET Q q 0 0 0 rg BT 421.15 632.50 Td (travel ) Tj ET Q q 0 0 0 rg BT 441.03 632.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 458.70 632.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 493.25 632.50 Td (ground ) Tj ET Q q 0 0 0 rg BT 517.58 632.50 Td (transportation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 622.90 Td (costs\), ) Tj ET Q q 0 0 0 rg BT 108.66 622.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 156.87 622.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 173.10 622.90 Td (8,677 ) Tj ET Q q 0 0 0 rg BT 193.10 622.90 Td (for ) Tj ET Q q 0 0 0 rg BT 204.43 622.90 Td (health ) Tj ET Q q 0 0 0 rg BT 225.97 622.90 Td (and ) Tj ET Q q 0 0 0 rg BT 239.52 622.90 Td (life ) Tj ET Q q 0 0 0 rg BT 252.18 622.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 284.84 622.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 312.16 622.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.71 622.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 373.92 622.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 390.14 622.90 Td (3,499 ) Tj ET Q q 0 0 0 rg BT 410.14 622.90 Td (for ) Tj ET Q q 0 0 0 rg BT 421.47 622.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.25 622.90 Td (return ) Tj ET Q q 0 0 0 rg BT 454.35 622.90 Td (preparation ) Tj ET Q q 0 0 0 rg BT 492.77 622.90 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 610.30 Td (\(13\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 610.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 122.91 610.30 Td (a ) Tj ET Q q 0 0 0 rg BT 128.28 610.30 Td (severance ) Tj ET Q q 0 0 0 rg BT 161.62 610.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 190.98 610.30 Td (of ) Tj ET Q q 0 0 0 rg BT 199.45 610.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 247.47 610.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 263.51 610.30 Td (1,710,829, ) Tj ET Q q 0 0 0 rg BT 299.32 610.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 347.34 610.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 363.38 610.30 Td (66,383 ) Tj ET Q q 0 0 0 rg BT 387.19 610.30 Td (for ) Tj ET Q q 0 0 0 rg BT 398.33 610.30 Td (relocation ) Tj ET Q q 0 0 0 rg BT 432.12 610.30 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 464.81 610.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 512.83 610.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 528.87 610.30 Td (63,425 ) Tj ET Q q 0 0 0 rg BT 552.68 610.30 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 600.70 Td (an ) Tj ET Q q 0 0 0 rg BT 94.90 600.70 Td (overseas ) Tj ET Q q 0 0 0 rg BT 123.80 600.70 Td (housing ) Tj ET Q q 0 0 0 rg BT 150.48 600.70 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 186.26 600.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 233.82 600.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 249.40 600.70 Td (51,505 ) Tj ET Q q 0 0 0 rg BT 272.75 600.70 Td (for ) Tj ET Q q 0 0 0 rg BT 283.43 600.70 Td (health ) Tj ET Q q 0 0 0 rg BT 304.33 600.70 Td (and ) Tj ET Q q 0 0 0 rg BT 317.23 600.70 Td (life ) Tj ET Q q 0 0 0 rg BT 329.24 600.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 361.25 600.70 Td (benefits ) Tj ET Q q 0 0 0 rg BT 387.92 600.70 Td (and ) Tj ET Q q 0 0 0 rg BT 400.82 600.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 448.38 600.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 463.96 600.70 Td (7,665 ) Tj ET Q q 0 0 0 rg BT 483.31 600.70 Td (for ) Tj ET Q q 0 0 0 rg BT 493.99 600.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.12 600.70 Td (return ) Tj ET Q q 0 0 0 rg BT 525.57 600.70 Td (preparation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 591.10 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 578.50 Td (\(14\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 578.50 Td (Represents ) Tj ET Q q 0 0 0 rg BT 124.06 578.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.22 578.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 190.41 578.50 Td (76,127 ) Tj ET Q q 0 0 0 rg BT 215.37 578.50 Td (for ) Tj ET Q q 0 0 0 rg BT 227.65 578.50 Td (an ) Tj ET Q q 0 0 0 rg BT 238.16 578.50 Td (overseas ) Tj ET Q q 0 0 0 rg BT 268.66 578.50 Td (housing ) Tj ET Q q 0 0 0 rg BT 296.96 578.50 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 334.34 578.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 383.51 578.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 400.69 578.50 Td (31,775 ) Tj ET Q q 0 0 0 rg BT 425.65 578.50 Td (for ) Tj ET Q q 0 0 0 rg BT 437.93 578.50 Td (health ) Tj ET Q q 0 0 0 rg BT 460.44 578.50 Td (and ) Tj ET Q q 0 0 0 rg BT 474.95 578.50 Td (life ) Tj ET Q q 0 0 0 rg BT 488.57 578.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 522.18 578.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 550.46 578.50 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 568.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 134.21 568.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 150.43 568.90 Td (4,627 ) Tj ET Q q 0 0 0 rg BT 170.43 568.90 Td (for ) Tj ET Q q 0 0 0 rg BT 181.76 568.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.54 568.90 Td (return ) Tj ET Q q 0 0 0 rg BT 214.64 568.90 Td (preparation ) Tj ET Q q 0 0 0 rg BT 253.06 568.90 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 556.30 Td (\(15\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 556.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 124.06 556.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.22 556.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 190.41 556.30 Td (84,170 ) Tj ET Q q 0 0 0 rg BT 215.37 556.30 Td (for ) Tj ET Q q 0 0 0 rg BT 227.65 556.30 Td (an ) Tj ET Q q 0 0 0 rg BT 238.16 556.30 Td (overseas ) Tj ET Q q 0 0 0 rg BT 268.66 556.30 Td (housing ) Tj ET Q q 0 0 0 rg BT 296.96 556.30 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 334.34 556.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 383.51 556.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 400.69 556.30 Td (34,860 ) Tj ET Q q 0 0 0 rg BT 425.65 556.30 Td (for ) Tj ET Q q 0 0 0 rg BT 437.93 556.30 Td (health ) Tj ET Q q 0 0 0 rg BT 460.44 556.30 Td (and ) Tj ET Q q 0 0 0 rg BT 474.95 556.30 Td (life ) Tj ET Q q 0 0 0 rg BT 488.57 556.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 522.18 556.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 550.46 556.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 546.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 134.21 546.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 150.43 546.70 Td (4,389 ) Tj ET Q q 0 0 0 rg BT 170.43 546.70 Td (for ) Tj ET Q q 0 0 0 rg BT 181.76 546.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.54 546.70 Td (return ) Tj ET Q q 0 0 0 rg BT 214.64 546.70 Td (preparation ) Tj ET Q q 0 0 0 rg BT 253.06 546.70 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 534.10 Td (\(16\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 534.10 Td (Represents ) Tj ET Q q 0 0 0 rg BT 123.11 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.67 534.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 162.21 534.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 191.76 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.43 534.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 248.65 534.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 264.88 534.10 Td (1,492,835, ) Tj ET Q q 0 0 0 rg BT 300.89 534.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 349.11 534.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 365.34 534.10 Td (60,766 ) Tj ET Q q 0 0 0 rg BT 389.35 534.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.68 534.10 Td (an ) Tj ET Q q 0 0 0 rg BT 410.24 534.10 Td (overseas ) Tj ET Q q 0 0 0 rg BT 439.79 534.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 467.14 534.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 503.57 534.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 551.79 534.10 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 524.50 Td ($ ) Tj ET Q q 0 0 0 rg BT 92.00 524.50 Td (33,427 ) Tj ET Q q 0 0 0 rg BT 116.00 524.50 Td (for ) Tj ET Q q 0 0 0 rg BT 127.33 524.50 Td (health ) Tj ET Q q 0 0 0 rg BT 148.88 524.50 Td (and ) Tj ET Q q 0 0 0 rg BT 162.43 524.50 Td (life ) Tj ET Q q 0 0 0 rg BT 175.09 524.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 207.74 524.50 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 237.06 524.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 253.29 524.50 Td (20,000 ) Tj ET Q q 0 0 0 rg BT 277.29 524.50 Td (for ) Tj ET Q q 0 0 0 rg BT 288.62 524.50 Td (relocation ) Tj ET Q q 0 0 0 rg BT 322.60 524.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 353.48 524.50 Td (and ) Tj ET Q q 0 0 0 rg BT 367.03 524.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 415.24 524.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 431.46 524.50 Td (3,136 ) Tj ET Q q 0 0 0 rg BT 451.46 524.50 Td (for ) Tj ET Q q 0 0 0 rg BT 462.79 524.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 474.57 524.50 Td (return ) Tj ET Q q 0 0 0 rg BT 495.67 524.50 Td (preparation ) Tj ET Q q 0 0 0 rg BT 534.09 524.50 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 511.90 Td (\(17\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 511.90 Td (Includes ) Tj ET Q q 0 0 0 rg BT 115.10 511.90 Td (the ) Tj ET Q q 0 0 0 rg BT 126.88 511.90 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 176.86 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 185.52 511.90 Td (accrued ) Tj ET Q q 0 0 0 rg BT 212.39 511.90 Td (unused ) Tj ET Q q 0 0 0 rg BT 237.05 511.90 Td (vacation ) Tj ET Q q 0 0 0 rg BT 266.15 511.90 Td (days ) Tj ET Q q 0 0 0 rg BT 282.82 511.90 Td (of ) Tj ET Q q 0 0 0 rg BT 291.48 511.90 Td (CZK ) Tj ET Q q 0 0 0 rg BT 309.48 511.90 Td (310,154 ) Tj ET Q q 0 0 0 rg BT 337.48 511.90 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 388.35 511.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 404.58 511.90 Td (15,868\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 499.30 Td (\(18\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 499.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 124.06 499.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.22 499.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 190.41 499.30 Td (66,305 ) Tj ET Q q 0 0 0 rg BT 215.37 499.30 Td (for ) Tj ET Q q 0 0 0 rg BT 227.65 499.30 Td (an ) Tj ET Q q 0 0 0 rg BT 238.16 499.30 Td (overseas ) Tj ET Q q 0 0 0 rg BT 268.66 499.30 Td (housing ) Tj ET Q q 0 0 0 rg BT 296.96 499.30 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 334.34 499.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 383.51 499.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 400.69 499.30 Td (17,313 ) Tj ET Q q 0 0 0 rg BT 425.65 499.30 Td (for ) Tj ET Q q 0 0 0 rg BT 437.93 499.30 Td (health ) Tj ET Q q 0 0 0 rg BT 460.44 499.30 Td (and ) Tj ET Q q 0 0 0 rg BT 474.95 499.30 Td (life ) Tj ET Q q 0 0 0 rg BT 488.57 499.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 522.18 499.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 550.46 499.30 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 489.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 134.21 489.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 150.43 489.70 Td (4,252 ) Tj ET Q q 0 0 0 rg BT 170.43 489.70 Td (for ) Tj ET Q q 0 0 0 rg BT 181.76 489.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.54 489.70 Td (return ) Tj ET Q q 0 0 0 rg BT 214.64 489.70 Td (preparation ) Tj ET Q q 0 0 0 rg BT 253.06 489.70 Td (fees.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 477.10 Td (\(19\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 477.10 Td (Represents ) Tj ET Q q 0 0 0 rg BT 124.08 477.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 173.26 477.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 190.46 477.10 Td (73,310 ) Tj ET Q q 0 0 0 rg BT 215.43 477.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.74 477.10 Td (an ) Tj ET Q q 0 0 0 rg BT 238.26 477.10 Td (overseas ) Tj ET Q q 0 0 0 rg BT 268.78 477.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 297.09 477.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 334.49 477.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 383.67 477.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 400.87 477.10 Td (1) Tj ET Q q 0 0 0 rg BT 404.58 477.10 Td (1,216 ) Tj ET Q q 0 0 0 rg BT 425.55 477.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.85 477.10 Td (health ) Tj ET Q q 0 0 0 rg BT 460.38 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.90 477.10 Td (life ) Tj ET Q q 0 0 0 rg BT 488.54 477.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 522.16 477.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 550.46 477.10 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 467.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 134.21 467.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 150.43 467.50 Td (3,424 ) Tj ET Q q 0 0 0 rg BT 170.43 467.50 Td (for ) Tj ET Q q 0 0 0 rg BT 181.76 467.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.54 467.50 Td (return ) Tj ET Q q 0 0 0 rg BT 214.64 467.50 Td (preparation ) Tj ET Q q 0 0 0 rg BT 253.06 467.50 Td (fees.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 448.90 Td (Michael ) Tj ET Q q 0 0 0 rg BT 78.21 448.90 Td (Del ) Tj ET Q q 0 0 0 rg BT 91.76 448.90 Td (Nin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 433.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 433.30 Td (. ) Tj ET Q q 0 0 0 rg BT 63.69 433.30 Td (Del ) Tj ET Q q 0 0 0 rg BT 77.59 433.30 Td (Nin ) Tj ET Q q 0 0 0 rg BT 91.94 433.30 Td (has ) Tj ET Q q 0 0 0 rg BT 104.95 433.30 Td (served ) Tj ET Q q 0 0 0 rg BT 128.18 433.30 Td (as ) Tj ET Q q 0 0 0 rg BT 137.20 433.30 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 167.54 433.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 201.87 433.30 Td (Of) Tj ET Q q 0 0 0 rg BT 210.17 433.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 227.17 433.30 Td (since ) Tj ET Q q 0 0 0 rg BT 245.96 433.30 Td (September ) Tj ET Q q 0 0 0 rg BT 282.52 433.30 Td (16, ) Tj ET Q q 0 0 0 rg BT 294.87 433.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 313.22 433.30 Td (and ) Tj ET Q q 0 0 0 rg BT 327.12 433.30 Td (is ) Tj ET Q q 0 0 0 rg BT 334.81 433.30 Td (compensated ) Tj ET Q q 0 0 0 rg BT 378.92 433.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 408.82 433.30 Td (to ) Tj ET Q q 0 0 0 rg BT 417.40 433.30 Td (an ) Tj ET Q q 0 0 0 rg BT 427.30 433.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 469.64 433.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 505.30 433.30 Td (with ) Tj ET Q q 0 0 0 rg BT 521.88 433.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 541.56 433.30 Td (Media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 423.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 78.66 423.70 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 107.54 423.70 Td (a ) Tj ET Q q 0 0 0 rg BT 112.65 423.70 Td (wholly ) Tj ET Q q 0 0 0 rg BT 136.43 423.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 159.32 423.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 193.76 423.70 Td (of ) Tj ET Q q 0 0 0 rg BT 201.99 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.32 423.70 Td (Company) Tj ET Q q 0 0 0 rg BT 243.91 423.70 Td (, ) Tj ET Q q 0 0 0 rg BT 247.46 423.70 Td (dated ) Tj ET Q q 0 0 0 rg BT 266.35 423.70 Td (November ) Tj ET Q q 0 0 0 rg BT 301.67 423.70 Td (1) Tj ET Q q 0 0 0 rg BT 305.37 423.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 312.93 423.70 Td (2013. ) Tj ET Q q 0 0 0 rg BT 332.49 423.70 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 362.04 423.70 Td (to ) Tj ET Q q 0 0 0 rg BT 369.83 423.70 Td (his ) Tj ET Q q 0 0 0 rg BT 380.72 423.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 422.27 423.70 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 459.14 423.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 468.47 423.70 Td (. ) Tj ET Q q 0 0 0 rg BT 472.03 423.70 Td (Del ) Tj ET Q q 0 0 0 rg BT 485.14 423.70 Td (Nin ) Tj ET Q q 0 0 0 rg BT 498.70 423.70 Td (is ) Tj ET Q q 0 0 0 rg BT 505.59 423.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 531.14 423.70 Td (to ) Tj ET Q q 0 0 0 rg BT 538.92 423.70 Td (receive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (an ) Tj ET Q q 0 0 0 rg BT 59.55 414.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 82.88 414.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 103.98 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.64 414.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 128.87 414.10 Td (800,000.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 398.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.91 398.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 79.15 398.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 88.49 398.50 Td (. ) Tj ET Q q 0 0 0 rg BT 92.73 398.50 Td (Del ) Tj ET Q q 0 0 0 rg BT 106.52 398.50 Td (Nin ) Tj ET Q q 0 0 0 rg BT 120.77 398.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 144.33 398.50 Td (a ) Tj ET Q q 0 0 0 rg BT 150.12 398.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 187.02 398.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 218.59 398.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 234.60 398.50 Td (award ) Tj ET Q q 0 0 0 rg BT 256.39 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 265.30 398.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 281.77 398.50 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 310.01 398.50 Td (for ) Tj ET Q q 0 0 0 rg BT 321.58 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 333.60 398.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 376.26 398.50 Td (of ) Tj ET Q q 0 0 0 rg BT 385.17 398.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 421.18 398.50 Td (tar) Tj ET Q q 0 0 0 rg BT 429.47 398.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 444.60 398.50 Td (set ) Tj ET Q q 0 0 0 rg BT 455.73 398.50 Td (by ) Tj ET Q q 0 0 0 rg BT 465.97 398.50 Td (the ) Tj ET Q q 0 0 0 rg BT 477.99 398.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 526.45 398.50 Td (Committee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.90 Td (following ) Tj ET Q q 0 0 0 rg BT 83.11 388.90 Td (his ) Tj ET Q q 0 0 0 rg BT 94.45 388.90 Td (appointment ) Tj ET Q q 0 0 0 rg BT 136.44 388.90 Td (in ) Tj ET Q q 0 0 0 rg BT 144.66 388.90 Td (September ) Tj ET Q q 0 0 0 rg BT 180.87 388.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 200.87 388.90 Td (as ) Tj ET Q q 0 0 0 rg BT 209.54 388.90 Td (described ) Tj ET Q q 0 0 0 rg BT 242.19 388.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.41 388.90 Td (the ) Tj ET Q q 0 0 0 rg BT 262.18 388.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 310.40 388.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 347.52 388.90 Td (and ) Tj ET Q q 0 0 0 rg BT 360.63 388.90 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 390.63 388.90 Td (section ) Tj ET Q q 0 0 0 rg BT 415.29 388.90 Td (above.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 373.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 373.30 Td (. ) Tj ET Q q 0 0 0 rg BT 63.91 373.30 Td (Del ) Tj ET Q q 0 0 0 rg BT 78.04 373.30 Td (Nin) Tj ET Q q 0 0 0 rg BT 92.27 373.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.96 373.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 140.53 373.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 176.42 373.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 206.55 373.30 Td (for ) Tj ET Q q 0 0 0 rg BT 218.45 373.30 Td (a ) Tj ET Q q 0 0 0 rg BT 224.58 373.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 253.83 373.30 Td (housing ) Tj ET Q q 0 0 0 rg BT 281.74 373.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 316.75 373.30 Td (and ) Tj ET Q q 0 0 0 rg BT 330.88 373.30 Td (ground ) Tj ET Q q 0 0 0 rg BT 356.12 373.30 Td (transportation ) Tj ET Q q 0 0 0 rg BT 403.13 373.30 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 440.13 373.30 Td (as ) Tj ET Q q 0 0 0 rg BT 449.38 373.30 Td (well ) Tj ET Q q 0 0 0 rg BT 465.73 373.30 Td (as ) Tj ET Q q 0 0 0 rg BT 474.97 373.30 Td (medical, ) Tj ET Q q 0 0 0 rg BT 504.87 373.30 Td (disability ) Tj ET Q q 0 0 0 rg BT 537.22 373.30 Td (and ) Tj ET Q q 0 0 0 rg BT 551.35 373.30 Td (life ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 363.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 82.97 363.70 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 112.62 363.70 Td (See ) Tj ET Q q 0 0 0 rg BT 126.49 363.70 Td (footnote ) Tj ET Q q 0 0 0 rg BT 155.47 363.70 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 167.12 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 176.10 363.70 Td (the ) Tj ET Q q 0 0 0 rg BT 188.20 363.70 Td (Summary ) Tj ET Q q 0 0 0 rg BT 221.63 363.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 270.00 363.70 Td (T) Tj ET Q q 0 0 0 rg BT 274.32 363.70 Td (able ) Tj ET Q q 0 0 0 rg BT 289.97 363.70 Td (for ) Tj ET Q q 0 0 0 rg BT 301.62 363.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 335.93 363.70 Td (information. ) Tj ET Q q 0 0 0 rg BT 378.02 363.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 387.36 363.70 Td (. ) Tj ET Q q 0 0 0 rg BT 391.68 363.70 Td (Del ) Tj ET Q q 0 0 0 rg BT 405.55 363.70 Td (Nin) Tj ET Q q 0 0 0 rg BT 419.77 363.70 Td (s ) Tj ET Q q 0 0 0 rg BT 425.20 363.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 467.52 363.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 503.15 363.70 Td (also ) Tj ET Q q 0 0 0 rg BT 518.36 363.70 Td (contains ) Tj ET Q q 0 0 0 rg BT 547.34 363.70 Td (non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 90.14 354.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 125.41 354.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 160.21 354.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.47 354.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.95 354.10 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 223.31 354.10 Td (period ) Tj ET Q q 0 0 0 rg BT 245.68 354.10 Td (following ) Tj ET Q q 0 0 0 rg BT 278.72 354.10 Td (termination, ) Tj ET Q q 0 0 0 rg BT 319.53 354.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.01 354.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 355.81 354.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 388.39 354.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 420.53 354.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 464.68 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.16 354.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.64 354.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 521.12 354.10 Td (on ) Tj ET Q q 0 0 0 rg BT 531.05 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.75 354.10 Td (use ) Tj ET Q q 0 0 0 rg BT 555.35 354.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 344.50 Td (confidential ) Tj ET Q q 0 0 0 rg BT 90.21 344.50 Td (information.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 325.90 Td (Christoph ) Tj ET Q q 0 0 0 rg BT 84.01 325.90 Td (Mainusch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 310.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 310.30 Td (. ) Tj ET Q q 0 0 0 rg BT 63.43 310.30 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 97.07 310.30 Td (has ) Tj ET Q q 0 0 0 rg BT 109.83 310.30 Td (served ) Tj ET Q q 0 0 0 rg BT 132.80 310.30 Td (as ) Tj ET Q q 0 0 0 rg BT 141.56 310.30 Td (co-Chief ) Tj ET Q q 0 0 0 rg BT 171.64 310.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 205.72 310.30 Td (Of) Tj ET Q q 0 0 0 rg BT 214.02 310.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 230.77 310.30 Td (since ) Tj ET Q q 0 0 0 rg BT 249.30 310.30 Td (September ) Tj ET Q q 0 0 0 rg BT 285.60 310.30 Td (16, ) Tj ET Q q 0 0 0 rg BT 297.70 310.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 315.79 310.30 Td (and ) Tj ET Q q 0 0 0 rg BT 329.43 310.30 Td (is ) Tj ET Q q 0 0 0 rg BT 336.86 310.30 Td (compensated ) Tj ET Q q 0 0 0 rg BT 380.72 310.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 410.36 310.30 Td (to ) Tj ET Q q 0 0 0 rg BT 418.68 310.30 Td (an ) Tj ET Q q 0 0 0 rg BT 428.32 310.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 470.41 310.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 505.82 310.30 Td (with ) Tj ET Q q 0 0 0 rg BT 522.13 310.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 541.56 310.30 Td (Media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 300.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 79.49 300.70 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 109.20 300.70 Td (a ) Tj ET Q q 0 0 0 rg BT 115.13 300.70 Td (wholly ) Tj ET Q q 0 0 0 rg BT 139.74 300.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 163.46 300.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 198.73 300.70 Td (of ) Tj ET Q q 0 0 0 rg BT 207.78 300.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.93 300.70 Td (Company) Tj ET Q q 0 0 0 rg BT 250.52 300.70 Td (, ) Tj ET Q q 0 0 0 rg BT 254.91 300.70 Td (dated ) Tj ET Q q 0 0 0 rg BT 274.62 300.70 Td (November ) Tj ET Q q 0 0 0 rg BT 310.77 300.70 Td (1) Tj ET Q q 0 0 0 rg BT 314.47 300.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 322.86 300.70 Td (2013. ) Tj ET Q q 0 0 0 rg BT 343.24 300.70 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 373.63 300.70 Td (to ) Tj ET Q q 0 0 0 rg BT 382.23 300.70 Td (his ) Tj ET Q q 0 0 0 rg BT 393.95 300.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 436.33 300.70 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 474.03 300.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 483.36 300.70 Td (. ) Tj ET Q q 0 0 0 rg BT 487.75 300.70 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 521.68 300.70 Td (is ) Tj ET Q q 0 0 0 rg BT 529.40 300.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 555.78 300.70 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 75.09 291.10 Td (an ) Tj ET Q q 0 0 0 rg BT 84.64 291.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 107.96 291.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 129.07 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.73 291.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 153.96 291.10 Td (800,000.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 275.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 275.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 78.65 275.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 87.99 275.50 Td (. ) Tj ET Q q 0 0 0 rg BT 91.98 275.50 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 125.52 275.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 148.83 275.50 Td (a ) Tj ET Q q 0 0 0 rg BT 154.38 275.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 191.03 275.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 222.34 275.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 238.11 275.50 Td (award ) Tj ET Q q 0 0 0 rg BT 259.65 275.50 Td (of ) Tj ET Q q 0 0 0 rg BT 268.30 275.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 284.52 275.50 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 312.52 275.50 Td (for ) Tj ET Q q 0 0 0 rg BT 323.84 275.50 Td (the ) Tj ET Q q 0 0 0 rg BT 335.60 275.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 378.02 275.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.68 275.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 422.44 275.50 Td (tar) Tj ET Q q 0 0 0 rg BT 430.73 275.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 445.61 275.50 Td (set ) Tj ET Q q 0 0 0 rg BT 456.49 275.50 Td (by ) Tj ET Q q 0 0 0 rg BT 466.48 275.50 Td (the ) Tj ET Q q 0 0 0 rg BT 478.25 275.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 526.46 275.50 Td (Committee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 265.90 Td (following ) Tj ET Q q 0 0 0 rg BT 83.11 265.90 Td (his ) Tj ET Q q 0 0 0 rg BT 94.45 265.90 Td (appointment ) Tj ET Q q 0 0 0 rg BT 136.44 265.90 Td (in ) Tj ET Q q 0 0 0 rg BT 144.66 265.90 Td (September ) Tj ET Q q 0 0 0 rg BT 180.87 265.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 200.87 265.90 Td (as ) Tj ET Q q 0 0 0 rg BT 209.54 265.90 Td (described ) Tj ET Q q 0 0 0 rg BT 242.19 265.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.41 265.90 Td (the ) Tj ET Q q 0 0 0 rg BT 262.18 265.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 310.40 265.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 347.52 265.90 Td (and ) Tj ET Q q 0 0 0 rg BT 360.63 265.90 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 390.63 265.90 Td (section ) Tj ET Q q 0 0 0 rg BT 415.29 265.90 Td (above.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 250.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 250.30 Td (. ) Tj ET Q q 0 0 0 rg BT 63.36 250.30 Td (Mainusch) Tj ET Q q 0 0 0 rg BT 97.14 250.30 Td (s ) Tj ET Q q 0 0 0 rg BT 102.28 250.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 144.30 250.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 179.64 250.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 209.21 250.30 Td (for ) Tj ET Q q 0 0 0 rg BT 220.57 250.30 Td (a ) Tj ET Q q 0 0 0 rg BT 226.15 250.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 254.84 250.30 Td (housing ) Tj ET Q q 0 0 0 rg BT 282.21 250.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 316.66 250.30 Td (and ) Tj ET Q q 0 0 0 rg BT 330.24 250.30 Td (a ) Tj ET Q q 0 0 0 rg BT 335.82 250.30 Td (ground ) Tj ET Q q 0 0 0 rg BT 360.51 250.30 Td (transportation ) Tj ET Q q 0 0 0 rg BT 406.97 250.30 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 443.42 250.30 Td (as ) Tj ET Q q 0 0 0 rg BT 452.11 250.30 Td (well ) Tj ET Q q 0 0 0 rg BT 467.91 250.30 Td (as ) Tj ET Q q 0 0 0 rg BT 476.61 250.30 Td (medical, ) Tj ET Q q 0 0 0 rg BT 505.95 250.30 Td (disability ) Tj ET Q q 0 0 0 rg BT 537.76 250.30 Td (and ) Tj ET Q q 0 0 0 rg BT 551.34 250.30 Td (life ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 240.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 82.67 240.70 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 112.02 240.70 Td (See ) Tj ET Q q 0 0 0 rg BT 125.59 240.70 Td (footnote ) Tj ET Q q 0 0 0 rg BT 154.27 240.70 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 165.62 240.70 Td (of ) Tj ET Q q 0 0 0 rg BT 174.30 240.70 Td (the ) Tj ET Q q 0 0 0 rg BT 186.10 240.70 Td (Summary ) Tj ET Q q 0 0 0 rg BT 219.23 240.70 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 267.32 240.70 Td (T) Tj ET Q q 0 0 0 rg BT 271.65 240.70 Td (able ) Tj ET Q q 0 0 0 rg BT 286.99 240.70 Td (for ) Tj ET Q q 0 0 0 rg BT 298.34 240.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.35 240.70 Td (information. ) Tj ET Q q 0 0 0 rg BT 374.14 240.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 383.48 240.70 Td (. ) Tj ET Q q 0 0 0 rg BT 387.50 240.70 Td (Mainusch) Tj ET Q q 0 0 0 rg BT 421.27 240.70 Td (s ) Tj ET Q q 0 0 0 rg BT 426.41 240.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 468.42 240.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 503.75 240.70 Td (also ) Tj ET Q q 0 0 0 rg BT 518.66 240.70 Td (contains ) Tj ET Q q 0 0 0 rg BT 547.34 240.70 Td (non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 90.14 231.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 125.41 231.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 160.21 231.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.47 231.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.95 231.10 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 223.31 231.10 Td (period ) Tj ET Q q 0 0 0 rg BT 245.68 231.10 Td (following ) Tj ET Q q 0 0 0 rg BT 278.72 231.10 Td (termination, ) Tj ET Q q 0 0 0 rg BT 319.53 231.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.01 231.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 355.81 231.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 388.39 231.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 420.53 231.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 464.68 231.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.16 231.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.64 231.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 521.12 231.10 Td (on ) Tj ET Q q 0 0 0 rg BT 531.05 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.75 231.10 Td (use ) Tj ET Q q 0 0 0 rg BT 555.35 231.10 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 221.50 Td (confidential ) Tj ET Q q 0 0 0 rg BT 90.21 221.50 Td (information.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 202.90 Td (David ) Tj ET Q q 0 0 0 rg BT 71.55 202.90 Td (Stur) Tj ET Q q 0 0 0 rg BT 84.59 202.90 Td (geon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 187.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 187.30 Td (. ) Tj ET Q q 0 0 0 rg BT 63.00 187.30 Td (Stur) Tj ET Q q 0 0 0 rg BT 76.19 187.30 Td (geon ) Tj ET Q q 0 0 0 rg BT 93.40 187.30 Td (has ) Tj ET Q q 0 0 0 rg BT 105.72 187.30 Td (served ) Tj ET Q q 0 0 0 rg BT 128.26 187.30 Td (as ) Tj ET Q q 0 0 0 rg BT 136.59 187.30 Td (acting ) Tj ET Q q 0 0 0 rg BT 157.79 187.30 Td (CFO ) Tj ET Q q 0 0 0 rg BT 175.02 187.30 Td (since ) Tj ET Q q 0 0 0 rg BT 193.11 187.30 Td (October ) Tj ET Q q 0 0 0 rg BT 220.54 187.30 Td (29, ) Tj ET Q q 0 0 0 rg BT 232.20 187.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 249.86 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 263.07 187.30 Td (is ) Tj ET Q q 0 0 0 rg BT 270.07 187.30 Td (compensated ) Tj ET Q q 0 0 0 rg BT 313.49 187.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 342.70 187.30 Td (to ) Tj ET Q q 0 0 0 rg BT 350.58 187.30 Td (an ) Tj ET Q q 0 0 0 rg BT 359.79 187.30 Td (amended ) Tj ET Q q 0 0 0 rg BT 390.33 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 403.54 187.30 Td (restated ) Tj ET Q q 0 0 0 rg BT 430.07 187.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 471.73 187.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 506.70 187.30 Td (with ) Tj ET Q q 0 0 0 rg BT 522.58 187.30 Td (CME ) Tj ET Q q 0 0 0 rg BT 541.58 187.30 Td (Media ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 177.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 79.75 177.70 Td (Limited ) Tj ET Q q 0 0 0 rg BT 107.72 177.70 Td (dated ) Tj ET Q q 0 0 0 rg BT 127.70 177.70 Td (July ) Tj ET Q q 0 0 0 rg BT 143.68 177.70 Td (27, ) Tj ET Q q 0 0 0 rg BT 156.33 177.70 Td (2010. ) Tj ET Q q 0 0 0 rg BT 176.97 177.70 Td (Prior ) Tj ET Q q 0 0 0 rg BT 195.62 177.70 Td (to ) Tj ET Q q 0 0 0 rg BT 204.49 177.70 Td (his ) Tj ET Q q 0 0 0 rg BT 216.48 177.70 Td (appointment ) Tj ET Q q 0 0 0 rg BT 259.12 177.70 Td (as ) Tj ET Q q 0 0 0 rg BT 268.43 177.70 Td (acting ) Tj ET Q q 0 0 0 rg BT 290.62 177.70 Td (CFO, ) Tj ET Q q 0 0 0 rg BT 310.83 177.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 320.17 177.70 Td (. ) Tj ET Q q 0 0 0 rg BT 324.81 177.70 Td (Stur) Tj ET Q q 0 0 0 rg BT 338.01 177.70 Td (geon ) Tj ET Q q 0 0 0 rg BT 356.20 177.70 Td (served ) Tj ET Q q 0 0 0 rg BT 379.73 177.70 Td (as ) Tj ET Q q 0 0 0 rg BT 389.04 177.70 Td (Deputy ) Tj ET Q q 0 0 0 rg BT 415.24 177.70 Td (CFO. ) Tj ET Q q 0 0 0 rg BT 435.45 177.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 458.09 177.70 Td (his ) Tj ET Q q 0 0 0 rg BT 470.07 177.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 512.71 177.70 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 550.67 177.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 560.01 177.70 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (Stur) Tj ET Q q 0 0 0 rg BT 63.19 168.10 Td (geon) Tj ET Q q 0 0 0 rg BT 80.96 168.10 Td (s ) Tj ET Q q 0 0 0 rg BT 86.08 168.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 119.17 168.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 142.49 168.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 163.59 168.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.93 168.10 Td (CZK ) Tj ET Q q 0 0 0 rg BT 188.93 168.10 Td (7,800,000 ) Tj ET Q q 0 0 0 rg BT 222.93 168.10 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 273.80 168.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 290.03 168.10 Td (398,967\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 152.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 152.50 Td (. ) Tj ET Q q 0 0 0 rg BT 62.48 152.50 Td (Stur) Tj ET Q q 0 0 0 rg BT 75.67 152.50 Td (geon ) Tj ET Q q 0 0 0 rg BT 92.36 152.50 Td (was ) Tj ET Q q 0 0 0 rg BT 105.95 152.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 131.08 152.50 Td (to ) Tj ET Q q 0 0 0 rg BT 138.45 152.50 Td (earn ) Tj ET Q q 0 0 0 rg BT 153.36 152.50 Td (a ) Tj ET Q q 0 0 0 rg BT 158.05 152.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 193.85 152.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 224.31 152.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 239.23 152.50 Td (award ) Tj ET Q q 0 0 0 rg BT 259.92 152.50 Td (based ) Tj ET Q q 0 0 0 rg BT 279.27 152.50 Td (on ) Tj ET Q q 0 0 0 rg BT 288.42 152.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 315.33 152.50 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 354.24 152.50 Td (and ) Tj ET Q q 0 0 0 rg BT 366.93 152.50 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 401.84 152.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 443.40 152.50 Td (tar) Tj ET Q q 0 0 0 rg BT 451.69 152.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 465.72 152.50 Td (described ) Tj ET Q q 0 0 0 rg BT 497.52 152.50 Td (in ) Tj ET Q q 0 0 0 rg BT 504.88 152.50 Td (the ) Tj ET Q q 0 0 0 rg BT 515.80 152.50 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 142.90 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 87.35 142.90 Td (and ) Tj ET Q q 0 0 0 rg BT 100.64 142.90 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 130.87 142.90 Td (section ) Tj ET Q q 0 0 0 rg BT 155.77 142.90 Td (above. ) Tj ET Q q 0 0 0 rg BT 179.10 142.90 Td (Because ) Tj ET Q q 0 0 0 rg BT 207.99 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 219.99 142.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 253.34 142.90 Td (did ) Tj ET Q q 0 0 0 rg BT 265.79 142.90 Td (not ) Tj ET Q q 0 0 0 rg BT 278.25 142.90 Td (achieve ) Tj ET Q q 0 0 0 rg BT 304.91 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.91 142.90 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 341.80 142.90 Td ( ) Tj ET Q q 0 0 0 rg BT 343.88 142.90 Td (Threshold, ) Tj ET Q q 0 0 0 rg BT 380.55 142.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 389.88 142.90 Td (. ) Tj ET Q q 0 0 0 rg BT 394.12 142.90 Td (Stur) Tj ET Q q 0 0 0 rg BT 407.31 142.90 Td (geon ) Tj ET Q q 0 0 0 rg BT 425.09 142.90 Td (did ) Tj ET Q q 0 0 0 rg BT 437.55 142.90 Td (not ) Tj ET Q q 0 0 0 rg BT 450.00 142.90 Td (earn ) Tj ET Q q 0 0 0 rg BT 466.00 142.90 Td (any ) Tj ET Q q 0 0 0 rg BT 479.79 142.90 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 516.68 142.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 548.23 142.90 Td (plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 133.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 96.13 133.30 Td (in ) Tj ET Q q 0 0 0 rg BT 104.06 133.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 123.63 133.30 Td (The ) Tj ET Q q 0 0 0 rg BT 137.77 133.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 185.69 133.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 222.94 133.30 Td (elected ) Tj ET Q q 0 0 0 rg BT 247.29 133.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.21 133.30 Td (award ) Tj ET Q q 0 0 0 rg BT 276.46 133.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 285.79 133.30 Td (. ) Tj ET Q q 0 0 0 rg BT 289.49 133.30 Td (Stur) Tj ET Q q 0 0 0 rg BT 302.68 133.30 Td (geon ) Tj ET Q q 0 0 0 rg BT 319.93 133.30 Td (a ) Tj ET Q q 0 0 0 rg BT 325.19 133.30 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 368.65 133.30 Td (bonus ) Tj ET Q q 0 0 0 rg BT 389.46 133.30 Td (of ) Tj ET Q q 0 0 0 rg BT 397.83 133.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 413.75 133.30 Td (45,000 ) Tj ET Q q 0 0 0 rg BT 437.45 133.30 Td (in ) Tj ET Q q 0 0 0 rg BT 445.38 133.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 465.08 133.30 Td (Because ) Tj ET Q q 0 0 0 rg BT 493.43 133.30 Td (tar) Tj ET Q q 0 0 0 rg BT 501.72 133.30 Td (gets ) Tj ET Q q 0 0 0 rg BT 516.31 133.30 Td (for ) Tj ET Q q 0 0 0 rg BT 527.34 133.30 Td (non-equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 123.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 81.66 123.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 97.77 123.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 122.76 123.70 Td (were ) Tj ET Q q 0 0 0 rg BT 140.64 123.70 Td (not ) Tj ET Q q 0 0 0 rg BT 153.20 123.70 Td (met ) Tj ET Q q 0 0 0 rg BT 167.53 123.70 Td (in ) Tj ET Q q 0 0 0 rg BT 176.09 123.70 Td (2012, ) Tj ET Q q 0 0 0 rg BT 196.42 123.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 205.76 123.70 Td (. ) Tj ET Q q 0 0 0 rg BT 210.09 123.70 Td (Stur) Tj ET Q q 0 0 0 rg BT 223.29 123.70 Td (geon ) Tj ET Q q 0 0 0 rg BT 241.17 123.70 Td (did ) Tj ET Q q 0 0 0 rg BT 253.73 123.70 Td (not ) Tj ET Q q 0 0 0 rg BT 266.29 123.70 Td (earn ) Tj ET Q q 0 0 0 rg BT 282.39 123.70 Td (any ) Tj ET Q q 0 0 0 rg BT 296.28 123.70 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 333.27 123.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 364.93 123.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 381.04 123.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 427.81 123.70 Td (for ) Tj ET Q q 0 0 0 rg BT 439.47 123.70 Td (that ) Tj ET Q q 0 0 0 rg BT 453.80 123.70 Td (year; ) Tj ET Q q 0 0 0 rg BT 472.13 123.70 Td (however) Tj ET Q q 0 0 0 rg BT 499.35 123.70 Td (, ) Tj ET Q q 0 0 0 rg BT 503.69 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 515.80 123.70 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 87.55 114.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 112.20 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.42 114.10 Td (award ) Tj ET Q q 0 0 0 rg BT 141.96 114.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 151.30 114.10 Td (. ) Tj ET Q q 0 0 0 rg BT 155.30 114.10 Td (Stur) Tj ET Q q 0 0 0 rg BT 168.49 114.10 Td (geon ) Tj ET Q q 0 0 0 rg BT 186.04 114.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.59 114.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 235.36 114.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 256.47 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.13 114.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 281.36 114.10 Td (40,000.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 98.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 98.50 Td (. ) Tj ET Q q 0 0 0 rg BT 63.14 98.50 Td (Stur) Tj ET Q q 0 0 0 rg BT 76.33 98.50 Td (geon) Tj ET Q q 0 0 0 rg BT 94.10 98.50 Td (s ) Tj ET Q q 0 0 0 rg BT 99.02 98.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 140.81 98.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 175.93 98.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 205.28 98.50 Td (for ) Tj ET Q q 0 0 0 rg BT 216.41 98.50 Td (a ) Tj ET Q q 0 0 0 rg BT 221.76 98.50 Td (monthly ) Tj ET Q q 0 0 0 rg BT 250.23 98.50 Td (housing ) Tj ET Q q 0 0 0 rg BT 277.37 98.50 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 313.60 98.50 Td (as ) Tj ET Q q 0 0 0 rg BT 322.06 98.50 Td (well ) Tj ET Q q 0 0 0 rg BT 337.64 98.50 Td (as ) Tj ET Q q 0 0 0 rg BT 346.10 98.50 Td (school, ) Tj ET Q q 0 0 0 rg BT 370.79 98.50 Td (medical, ) Tj ET Q q 0 0 0 rg BT 399.91 98.50 Td (disability ) Tj ET Q q 0 0 0 rg BT 431.49 98.50 Td (and ) Tj ET Q q 0 0 0 rg BT 444.84 98.50 Td (life ) Tj ET Q q 0 0 0 rg BT 457.31 98.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 489.76 98.50 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 518.89 98.50 Td (See ) Tj ET Q q 0 0 0 rg BT 532.24 98.50 Td (footnotes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 88.90 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 61.83 88.90 Td (and ) Tj ET Q q 0 0 0 rg BT 75.88 88.90 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 87.70 88.90 Td (of ) Tj ET Q q 0 0 0 rg BT 96.87 88.90 Td (the ) Tj ET Q q 0 0 0 rg BT 109.14 88.90 Td (Summary ) Tj ET Q q 0 0 0 rg BT 142.75 88.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 191.29 88.90 Td (T) Tj ET Q q 0 0 0 rg BT 195.61 88.90 Td (able ) Tj ET Q q 0 0 0 rg BT 211.44 88.90 Td (for ) Tj ET Q q 0 0 0 rg BT 223.26 88.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 257.75 88.90 Td (information. ) Tj ET Q q 0 0 0 rg BT 300.02 88.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 309.36 88.90 Td (. ) Tj ET Q q 0 0 0 rg BT 313.86 88.90 Td (Stur) Tj ET Q q 0 0 0 rg BT 327.05 88.90 Td (geon) Tj ET Q q 0 0 0 rg BT 344.82 88.90 Td (s ) Tj ET Q q 0 0 0 rg BT 350.44 88.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 392.93 88.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 428.74 88.90 Td (also ) Tj ET Q q 0 0 0 rg BT 444.12 88.90 Td (contains ) Tj ET Q q 0 0 0 rg BT 473.28 88.90 Td (non-competition ) Tj ET Q q 0 0 0 rg BT 528.66 88.90 Td (provisions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 79.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 84.87 79.30 Td (for ) Tj ET Q q 0 0 0 rg BT 96.20 79.30 Td (a ) Tj ET Q q 0 0 0 rg BT 101.75 79.30 Td (six-month ) Tj ET Q q 0 0 0 rg BT 136.20 79.30 Td (period ) Tj ET Q q 0 0 0 rg BT 158.63 79.30 Td (following ) Tj ET Q q 0 0 0 rg BT 191.74 79.30 Td (termination, ) Tj ET Q q 0 0 0 rg BT 232.62 79.30 Td (a ) Tj ET Q q 0 0 0 rg BT 238.17 79.30 Td (covenant ) Tj ET Q q 0 0 0 rg BT 269.05 79.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 301.70 79.30 Td (corporate ) Tj ET Q q 0 0 0 rg BT 333.90 79.30 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 378.12 79.30 Td (and ) Tj ET Q q 0 0 0 rg BT 391.67 79.30 Td (a ) Tj ET Q q 0 0 0 rg BT 397.22 79.30 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 434.78 79.30 Td (on ) Tj ET Q q 0 0 0 rg BT 444.78 79.30 Td (the ) Tj ET Q q 0 0 0 rg BT 456.55 79.30 Td (use ) Tj ET Q q 0 0 0 rg BT 469.21 79.30 Td (of ) Tj ET Q q 0 0 0 rg BT 477.88 79.30 Td (confidential ) Tj ET Q q 0 0 0 rg BT 518.09 79.30 Td (information.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (102) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Daniel ) Tj ET Q q 0 0 0 rg BT 73.77 743.45 Td (Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 727.85 Td (. ) Tj ET Q q 0 0 0 rg BT 63.82 727.85 Td (Penn ) Tj ET Q q 0 0 0 rg BT 82.30 727.85 Td (serves ) Tj ET Q q 0 0 0 rg BT 104.77 727.85 Td (as ) Tj ET Q q 0 0 0 rg BT 113.91 727.85 Td (General ) Tj ET Q q 0 0 0 rg BT 141.71 727.85 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 170.41 727.85 Td (and ) Tj ET Q q 0 0 0 rg BT 184.45 727.85 Td (is ) Tj ET Q q 0 0 0 rg BT 192.26 727.85 Td (compensated ) Tj ET Q q 0 0 0 rg BT 236.50 727.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 266.54 727.85 Td (to ) Tj ET Q q 0 0 0 rg BT 275.24 727.85 Td (an ) Tj ET Q q 0 0 0 rg BT 285.27 727.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 327.74 727.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 363.54 727.85 Td (dated ) Tj ET Q q 0 0 0 rg BT 383.34 727.85 Td (February ) Tj ET Q q 0 0 0 rg BT 414.70 727.85 Td (20, ) Tj ET Q q 0 0 0 rg BT 427.18 727.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 445.66 727.85 Td (with ) Tj ET Q q 0 0 0 rg BT 462.36 727.85 Td (CME ) Tj ET Q q 0 0 0 rg BT 482.18 727.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 505.10 727.85 Td (Services ) Tj ET Q q 0 0 0 rg BT 534.68 727.85 Td (Limited. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.99 718.25 Td (his ) Tj ET Q q 0 0 0 rg BT 83.33 718.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 125.32 718.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 162.63 718.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 171.97 718.25 Td (. ) Tj ET Q q 0 0 0 rg BT 175.97 718.25 Td (Penn) Tj ET Q q 0 0 0 rg BT 194.19 718.25 Td (s ) Tj ET Q q 0 0 0 rg BT 199.30 718.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 232.39 718.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 255.72 718.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 276.82 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 284.16 718.25 Td (GBP) Tj ET Q q 0 0 0 rg BT 299.42 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.42 718.25 Td (335,000 ) Tj ET Q q 0 0 0 rg BT 329.42 718.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 380.29 718.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 396.52 718.25 Td (523,765\). ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 702.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 702.65 Td (. ) Tj ET Q q 0 0 0 rg BT 63.06 702.65 Td (Penn ) Tj ET Q q 0 0 0 rg BT 80.78 702.65 Td (was ) Tj ET Q q 0 0 0 rg BT 94.94 702.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 120.66 702.65 Td (to ) Tj ET Q q 0 0 0 rg BT 128.60 702.65 Td (earn ) Tj ET Q q 0 0 0 rg BT 144.09 702.65 Td (a ) Tj ET Q q 0 0 0 rg BT 149.36 702.65 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 185.74 702.65 Td (incentive ) Tj ET Q q 0 0 0 rg BT 216.78 702.65 Td (plan ) Tj ET Q q 0 0 0 rg BT 232.28 702.65 Td (award ) Tj ET Q q 0 0 0 rg BT 253.54 702.65 Td (based ) Tj ET Q q 0 0 0 rg BT 273.48 702.65 Td (on ) Tj ET Q q 0 0 0 rg BT 283.20 702.65 Td (meeting ) Tj ET Q q 0 0 0 rg BT 310.69 702.65 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 350.18 702.65 Td (and ) Tj ET Q q 0 0 0 rg BT 363.45 702.65 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 398.94 702.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 441.08 702.65 Td (tar) Tj ET Q q 0 0 0 rg BT 449.37 702.65 Td (gets ) Tj ET Q q 0 0 0 rg BT 463.98 702.65 Td (described ) Tj ET Q q 0 0 0 rg BT 496.36 702.65 Td (in ) Tj ET Q q 0 0 0 rg BT 504.30 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 515.79 702.65 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 693.05 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 87.93 693.05 Td (and ) Tj ET Q q 0 0 0 rg BT 101.68 693.05 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 132.50 693.05 Td (section ) Tj ET Q q 0 0 0 rg BT 157.98 693.05 Td (above. ) Tj ET Q q 0 0 0 rg BT 181.90 693.05 Td (Because ) Tj ET Q q 0 0 0 rg BT 211.38 693.05 Td (the ) Tj ET Q q 0 0 0 rg BT 223.97 693.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 257.90 693.05 Td (did ) Tj ET Q q 0 0 0 rg BT 270.94 693.05 Td (not ) Tj ET Q q 0 0 0 rg BT 283.99 693.05 Td (achieve ) Tj ET Q q 0 0 0 rg BT 311.23 693.05 Td (the ) Tj ET Q q 0 0 0 rg BT 323.83 693.05 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 348.72 693.05 Td ( ) Tj ET Q q 0 0 0 rg BT 351.33 693.05 Td (Threshold, ) Tj ET Q q 0 0 0 rg BT 388.59 693.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 397.93 693.05 Td (. ) Tj ET Q q 0 0 0 rg BT 402.75 693.05 Td (Penn ) Tj ET Q q 0 0 0 rg BT 421.57 693.05 Td (did ) Tj ET Q q 0 0 0 rg BT 434.61 693.05 Td (not ) Tj ET Q q 0 0 0 rg BT 447.65 693.05 Td (earn ) Tj ET Q q 0 0 0 rg BT 464.24 693.05 Td (any ) Tj ET Q q 0 0 0 rg BT 478.61 693.05 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 516.09 693.05 Td (incentive ) Tj ET Q q 0 0 0 rg BT 548.23 693.05 Td (plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 683.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 96.53 683.45 Td (in ) Tj ET Q q 0 0 0 rg BT 104.86 683.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 124.80 683.45 Td (The ) Tj ET Q q 0 0 0 rg BT 139.34 683.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 187.66 683.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 225.31 683.45 Td (elected ) Tj ET Q q 0 0 0 rg BT 250.06 683.45 Td (to ) Tj ET Q q 0 0 0 rg BT 258.38 683.45 Td (award ) Tj ET Q q 0 0 0 rg BT 280.02 683.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 289.36 683.45 Td (. ) Tj ET Q q 0 0 0 rg BT 293.46 683.45 Td (Penn ) Tj ET Q q 0 0 0 rg BT 311.56 683.45 Td (a ) Tj ET Q q 0 0 0 rg BT 317.21 683.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 361.07 683.45 Td (bonus ) Tj ET Q q 0 0 0 rg BT 382.28 683.45 Td (of ) Tj ET Q q 0 0 0 rg BT 391.05 683.45 Td (US$ ) Tj ET Q q 0 0 0 rg BT 407.37 683.45 Td (125,000 ) Tj ET Q q 0 0 0 rg BT 435.47 683.45 Td (in ) Tj ET Q q 0 0 0 rg BT 443.79 683.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 463.89 683.45 Td (Because ) Tj ET Q q 0 0 0 rg BT 492.65 683.45 Td (tar) Tj ET Q q 0 0 0 rg BT 500.94 683.45 Td (gets ) Tj ET Q q 0 0 0 rg BT 515.92 683.45 Td (for ) Tj ET Q q 0 0 0 rg BT 527.35 683.45 Td (non-equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 673.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 80.61 673.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 95.67 673.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 119.61 673.85 Td (were ) Tj ET Q q 0 0 0 rg BT 136.45 673.85 Td (not ) Tj ET Q q 0 0 0 rg BT 147.96 673.85 Td (met ) Tj ET Q q 0 0 0 rg BT 161.24 673.85 Td (in ) Tj ET Q q 0 0 0 rg BT 168.75 673.85 Td (2012, ) Tj ET Q q 0 0 0 rg BT 188.04 673.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 197.38 673.85 Td (. ) Tj ET Q q 0 0 0 rg BT 200.66 673.85 Td (Penn ) Tj ET Q q 0 0 0 rg BT 217.95 673.85 Td (did ) Tj ET Q q 0 0 0 rg BT 229.46 673.85 Td (not ) Tj ET Q q 0 0 0 rg BT 240.97 673.85 Td (earn ) Tj ET Q q 0 0 0 rg BT 256.03 673.85 Td (any ) Tj ET Q q 0 0 0 rg BT 268.87 673.85 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 304.81 673.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 335.42 673.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 350.48 673.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 396.21 673.85 Td (for ) Tj ET Q q 0 0 0 rg BT 406.82 673.85 Td (that ) Tj ET Q q 0 0 0 rg BT 420.11 673.85 Td (year; ) Tj ET Q q 0 0 0 rg BT 437.38 673.85 Td (however) Tj ET Q q 0 0 0 rg BT 464.60 673.85 Td (, ) Tj ET Q q 0 0 0 rg BT 467.89 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 478.95 673.85 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 526.46 673.85 Td (Committee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 74.65 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.87 664.25 Td (award ) Tj ET Q q 0 0 0 rg BT 104.41 664.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 113.75 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 117.75 664.25 Td (Penn ) Tj ET Q q 0 0 0 rg BT 135.75 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.30 664.25 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 185.06 664.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 206.18 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.84 664.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 231.07 664.25 Td (75,000. ) Tj ET Q q 0 0 0 rg BT 257.07 664.25 Td (In ) Tj ET Q q 0 0 0 rg BT 265.73 664.25 Td (201) Tj ET Q q 0 0 0 rg BT 277.43 664.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 285.43 664.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 294.77 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 298.77 664.25 Td (Penn ) Tj ET Q q 0 0 0 rg BT 316.77 664.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 340.09 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 345.64 664.25 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 382.30 664.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 413.62 664.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 429.39 664.25 Td (award ) Tj ET Q q 0 0 0 rg BT 450.93 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.60 664.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 507.80 664.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 524.03 664.25 Td (447,400.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 648.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 648.65 Td (. ) Tj ET Q q 0 0 0 rg BT 62.85 648.65 Td (Penn) Tj ET Q q 0 0 0 rg BT 81.07 648.65 Td (s ) Tj ET Q q 0 0 0 rg BT 85.69 648.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 127.19 648.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 162.02 648.65 Td (provides ) Tj ET Q q 0 0 0 rg BT 191.08 648.65 Td (for ) Tj ET Q q 0 0 0 rg BT 201.91 648.65 Td (medical, ) Tj ET Q q 0 0 0 rg BT 230.74 648.65 Td (disability ) Tj ET Q q 0 0 0 rg BT 262.03 648.65 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 648.65 Td (life ) Tj ET Q q 0 0 0 rg BT 287.26 648.65 Td (insurance ) Tj ET Q q 0 0 0 rg BT 319.42 648.65 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 348.26 648.65 Td (See ) Tj ET Q q 0 0 0 rg BT 361.32 648.65 Td (footnote ) Tj ET Q q 0 0 0 rg BT 389.49 648.65 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 400.33 648.65 Td (of ) Tj ET Q q 0 0 0 rg BT 408.50 648.65 Td (the ) Tj ET Q q 0 0 0 rg BT 419.78 648.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 452.40 648.65 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 500.02 648.65 Td (T) Tj ET Q q 0 0 0 rg BT 504.35 648.65 Td (able ) Tj ET Q q 0 0 0 rg BT 519.18 648.65 Td (for ) Tj ET Q q 0 0 0 rg BT 530.02 648.65 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 639.05 Td (information. ) Tj ET Q q 0 0 0 rg BT 92.17 639.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 101.50 639.05 Td (. ) Tj ET Q q 0 0 0 rg BT 105.90 639.05 Td (Penn) Tj ET Q q 0 0 0 rg BT 124.13 639.05 Td (s ) Tj ET Q q 0 0 0 rg BT 129.64 639.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 172.03 639.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 207.74 639.05 Td (also ) Tj ET Q q 0 0 0 rg BT 223.03 639.05 Td (contains ) Tj ET Q q 0 0 0 rg BT 252.09 639.05 Td (non-competition ) Tj ET Q q 0 0 0 rg BT 307.37 639.05 Td (provisions ) Tj ET Q q 0 0 0 rg BT 343.10 639.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 378.37 639.05 Td (for ) Tj ET Q q 0 0 0 rg BT 390.10 639.05 Td (a ) Tj ET Q q 0 0 0 rg BT 396.05 639.05 Td (12-month ) Tj ET Q q 0 0 0 rg BT 429.56 639.05 Td (period ) Tj ET Q q 0 0 0 rg BT 452.40 639.05 Td (following ) Tj ET Q q 0 0 0 rg BT 485.91 639.05 Td (termination, ) Tj ET Q q 0 0 0 rg BT 527.18 639.05 Td (a ) Tj ET Q q 0 0 0 rg BT 533.13 639.05 Td (covenant ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 629.45 Td (regarding ) Tj ET Q q 0 0 0 rg BT 82.65 629.45 Td (corporate ) Tj ET Q q 0 0 0 rg BT 114.86 629.45 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 159.07 629.45 Td (and ) Tj ET Q q 0 0 0 rg BT 172.63 629.45 Td (a ) Tj ET Q q 0 0 0 rg BT 178.18 629.45 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 215.73 629.45 Td (on ) Tj ET Q q 0 0 0 rg BT 225.73 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 237.50 629.45 Td (use ) Tj ET Q q 0 0 0 rg BT 250.17 629.45 Td (of ) Tj ET Q q 0 0 0 rg BT 258.83 629.45 Td (confidential ) Tj ET Q q 0 0 0 rg BT 299.04 629.45 Td (information.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 610.85 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 74.22 610.85 Td (Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 595.25 Td (. ) Tj ET Q q 0 0 0 rg BT 62.66 595.25 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 82.65 595.25 Td (served ) Tj ET Q q 0 0 0 rg BT 104.85 595.25 Td (as ) Tj ET Q q 0 0 0 rg BT 112.84 595.25 Td (President ) Tj ET Q q 0 0 0 rg BT 143.93 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.81 595.25 Td (CEO ) Tj ET Q q 0 0 0 rg BT 174.13 595.25 Td (from ) Tj ET Q q 0 0 0 rg BT 191.00 595.25 Td (July ) Tj ET Q q 0 0 0 rg BT 205.66 595.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 216.99 595.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 234.31 595.25 Td (until ) Tj ET Q q 0 0 0 rg BT 250.01 595.25 Td (August ) Tj ET Q q 0 0 0 rg BT 274.45 595.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 285.77 595.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 303.09 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.97 595.25 Td (was ) Tj ET Q q 0 0 0 rg BT 329.73 595.25 Td (compensated ) Tj ET Q q 0 0 0 rg BT 372.82 595.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 401.69 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.24 595.25 Td (an ) Tj ET Q q 0 0 0 rg BT 418.11 595.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 448.31 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.18 595.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 487.38 595.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 528.70 595.25 Td (agreement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 585.65 Td (dated ) Tj ET Q q 0 0 0 rg BT 68.74 585.65 Td (April ) Tj ET Q q 0 0 0 rg BT 87.44 585.65 Td (4, ) Tj ET Q q 0 0 0 rg BT 95.26 585.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 113.08 585.65 Td (with ) Tj ET Q q 0 0 0 rg BT 129.11 585.65 Td (CME ) Tj ET Q q 0 0 0 rg BT 148.27 585.65 Td (Media ) Tj ET Q q 0 0 0 rg BT 170.52 585.65 Td (Services ) Tj ET Q q 0 0 0 rg BT 199.44 585.65 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 228.58 585.65 Td (Under ) Tj ET Q q 0 0 0 rg BT 250.39 585.65 Td (his ) Tj ET Q q 0 0 0 rg BT 261.54 585.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 303.35 585.65 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 340.48 585.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 349.82 585.65 Td (. ) Tj ET Q q 0 0 0 rg BT 353.63 585.65 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 374.11 585.65 Td (was ) Tj ET Q q 0 0 0 rg BT 388.37 585.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 414.18 585.65 Td (to ) Tj ET Q q 0 0 0 rg BT 422.22 585.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 447.13 585.65 Td (an ) Tj ET Q q 0 0 0 rg BT 456.49 585.65 Td (annual ) Tj ET Q q 0 0 0 rg BT 479.63 585.65 Td (salary ) Tj ET Q q 0 0 0 rg BT 500.55 585.65 Td (of ) Tj ET Q q 0 0 0 rg BT 509.03 585.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 525.08 585.65 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 536.89 585.65 Td (million. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 576.05 Td (On ) Tj ET Q q 0 0 0 rg BT 60.78 576.05 Td (August ) Tj ET Q q 0 0 0 rg BT 85.18 576.05 Td (21, ) Tj ET Q q 0 0 0 rg BT 96.47 576.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 115.75 576.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 125.09 576.05 Td (. ) Tj ET Q q 0 0 0 rg BT 128.38 576.05 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 148.33 576.05 Td (entered ) Tj ET Q q 0 0 0 rg BT 173.16 576.05 Td (into ) Tj ET Q q 0 0 0 rg BT 186.89 576.05 Td (the ) Tj ET Q q 0 0 0 rg BT 197.95 576.05 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 217.90 576.05 Td (Separation ) Tj ET Q q 0 0 0 rg BT 253.11 576.05 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 291.94 576.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 320.78 576.05 Td (to ) Tj ET Q q 0 0 0 rg BT 328.29 576.05 Td (which ) Tj ET Q q 0 0 0 rg BT 349.13 576.05 Td (he ) Tj ET Q q 0 0 0 rg BT 357.96 576.05 Td (resigned ) Tj ET Q q 0 0 0 rg BT 386.35 576.05 Td (as ) Tj ET Q q 0 0 0 rg BT 394.30 576.05 Td (President ) Tj ET Q q 0 0 0 rg BT 425.36 576.05 Td (and ) Tj ET Q q 0 0 0 rg BT 438.20 576.05 Td (CEO ) Tj ET Q q 0 0 0 rg BT 455.49 576.05 Td (with ) Tj ET Q q 0 0 0 rg BT 471.00 576.05 Td (ef) Tj ET Q q 0 0 0 rg BT 477.07 576.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 490.34 576.05 Td (from ) Tj ET Q q 0 0 0 rg BT 506.90 576.05 Td (August21,2013, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 566.45 Td (although ) Tj ET Q q 0 0 0 rg BT 79.88 566.45 Td (he ) Tj ET Q q 0 0 0 rg BT 89.31 566.45 Td (continued ) Tj ET Q q 0 0 0 rg BT 122.73 566.45 Td (to ) Tj ET Q q 0 0 0 rg BT 130.84 566.45 Td (be ) Tj ET Q q 0 0 0 rg BT 140.27 566.45 Td (employed ) Tj ET Q q 0 0 0 rg BT 173.69 566.45 Td (through ) Tj ET Q q 0 0 0 rg BT 200.46 566.45 Td (December ) Tj ET Q q 0 0 0 rg BT 235.21 566.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.09 566.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 266.97 566.45 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 296.85 566.45 Td (to ) Tj ET Q q 0 0 0 rg BT 304.95 566.45 Td (the ) Tj ET Q q 0 0 0 rg BT 316.60 566.45 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 337.15 566.45 Td (Separation ) Tj ET Q q 0 0 0 rg BT 372.82 566.45 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 412.24 566.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 421.58 566.45 Td (. ) Tj ET Q q 0 0 0 rg BT 425.46 566.45 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 446.00 566.45 Td (received ) Tj ET Q q 0 0 0 rg BT 474.97 566.45 Td (a ) Tj ET Q q 0 0 0 rg BT 480.40 566.45 Td (severance ) Tj ET Q q 0 0 0 rg BT 513.81 566.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 543.24 566.45 Td (of ) Tj ET Q q 0 0 0 rg BT 551.78 566.45 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 556.85 Td ($ ) Tj ET Q q 0 0 0 rg BT 56.00 556.85 Td (5.4 ) Tj ET Q q 0 0 0 rg BT 68.00 556.85 Td (million ) Tj ET Q q 0 0 0 rg BT 93.11 556.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 111.11 556.85 Td (the ) Tj ET Q q 0 0 0 rg BT 122.89 556.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 161.77 556.85 Td (of ) Tj ET Q q 0 0 0 rg BT 170.43 556.85 Td (his ) Tj ET Q q 0 0 0 rg BT 181.77 556.85 Td (employment. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (In ) Tj ET Q q 0 0 0 rg BT 58.82 541.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.07 541.25 Td (with ) Tj ET Q q 0 0 0 rg BT 112.44 541.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.37 541.25 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 145.18 541.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 181.07 541.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 220.76 541.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 230.10 541.25 Td (. ) Tj ET Q q 0 0 0 rg BT 234.25 541.25 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 255.07 541.25 Td (was ) Tj ET Q q 0 0 0 rg BT 269.66 541.25 Td (not ) Tj ET Q q 0 0 0 rg BT 282.04 541.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 308.18 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.56 541.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 332.47 541.25 Td (any ) Tj ET Q q 0 0 0 rg BT 346.18 541.25 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 382.99 541.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 414.46 541.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 430.39 541.25 Td (award ) Tj ET Q q 0 0 0 rg BT 452.08 541.25 Td (for ) Tj ET Q q 0 0 0 rg BT 463.56 541.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 483.72 541.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 512.52 541.25 Td (tar) Tj ET Q q 0 0 0 rg BT 520.81 541.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 535.85 541.25 Td (for ) Tj ET Q q 0 0 0 rg BT 547.33 541.25 Td (non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 531.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 71.87 531.65 Td (incentive ) Tj ET Q q 0 0 0 rg BT 103.06 531.65 Td (plan ) Tj ET Q q 0 0 0 rg BT 118.70 531.65 Td (awards ) Tj ET Q q 0 0 0 rg BT 143.23 531.65 Td (were ) Tj ET Q q 0 0 0 rg BT 160.64 531.65 Td (not ) Tj ET Q q 0 0 0 rg BT 172.74 531.65 Td (met ) Tj ET Q q 0 0 0 rg BT 186.61 531.65 Td (in ) Tj ET Q q 0 0 0 rg BT 194.70 531.65 Td (2012, ) Tj ET Q q 0 0 0 rg BT 214.57 531.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 223.91 531.65 Td (. ) Tj ET Q q 0 0 0 rg BT 227.78 531.65 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 248.31 531.65 Td (did ) Tj ET Q q 0 0 0 rg BT 260.41 531.65 Td (not ) Tj ET Q q 0 0 0 rg BT 272.50 531.65 Td (earn ) Tj ET Q q 0 0 0 rg BT 288.14 531.65 Td (any ) Tj ET Q q 0 0 0 rg BT 301.56 531.65 Td (such ) Tj ET Q q 0 0 0 rg BT 318.09 531.65 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 354.63 531.65 Td (incentive ) Tj ET Q q 0 0 0 rg BT 385.82 531.65 Td (plan ) Tj ET Q q 0 0 0 rg BT 401.46 531.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 447.77 531.65 Td (that ) Tj ET Q q 0 0 0 rg BT 461.63 531.65 Td (year) Tj ET Q q 0 0 0 rg BT 474.96 531.65 Td (. ) Tj ET Q q 0 0 0 rg BT 478.83 531.65 Td (In ) Tj ET Q q 0 0 0 rg BT 487.36 531.65 Td (201) Tj ET Q q 0 0 0 rg BT 499.07 531.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 506.94 531.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 516.27 531.65 Td (. ) Tj ET Q q 0 0 0 rg BT 520.14 531.65 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 540.68 531.65 Td (earned ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 522.05 Td (a ) Tj ET Q q 0 0 0 rg BT 55.56 522.05 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 92.22 522.05 Td (incentive ) Tj ET Q q 0 0 0 rg BT 123.55 522.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 139.32 522.05 Td (award ) Tj ET Q q 0 0 0 rg BT 160.87 522.05 Td (of ) Tj ET Q q 0 0 0 rg BT 169.54 522.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 185.77 522.05 Td (720,000. ) Tj ET Q q 0 0 0 rg BT 215.78 522.05 Td (In ) Tj ET Q q 0 0 0 rg BT 224.45 522.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 254.67 522.05 Td (the ) Tj ET Q q 0 0 0 rg BT 266.45 522.05 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 314.67 522.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 352.23 522.05 Td (elected ) Tj ET Q q 0 0 0 rg BT 376.88 522.05 Td (to ) Tj ET Q q 0 0 0 rg BT 385.11 522.05 Td (award ) Tj ET Q q 0 0 0 rg BT 406.66 522.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 415.99 522.05 Td (. ) Tj ET Q q 0 0 0 rg BT 420.00 522.05 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 440.67 522.05 Td (a ) Tj ET Q q 0 0 0 rg BT 446.22 522.05 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 489.99 522.05 Td (bonus ) Tj ET Q q 0 0 0 rg BT 511.11 522.05 Td (of ) Tj ET Q q 0 0 0 rg BT 519.78 522.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 536.01 522.05 Td (320,000 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 512.45 Td (in ) Tj ET Q q 0 0 0 rg BT 58.22 512.45 Td (201) Tj ET Q q 0 0 0 rg BT 69.93 512.45 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 496.85 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.19 496.85 Td (to ) Tj ET Q q 0 0 0 rg BT 88.61 496.85 Td (his ) Tj ET Q q 0 0 0 rg BT 100.13 496.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 142.32 496.85 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 179.82 496.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 189.16 496.85 Td (. ) Tj ET Q q 0 0 0 rg BT 193.35 496.85 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 214.20 496.85 Td (was ) Tj ET Q q 0 0 0 rg BT 228.84 496.85 Td (also ) Tj ET Q q 0 0 0 rg BT 243.91 496.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 270.10 496.85 Td (to ) Tj ET Q q 0 0 0 rg BT 278.51 496.85 Td (earn ) Tj ET Q q 0 0 0 rg BT 294.47 496.85 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 331.32 496.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 362.83 496.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 378.80 496.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 403.64 496.85 Td (for: ) Tj ET Q q 0 0 0 rg BT 417.39 496.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 427.13 496.85 Td (the ) Tj ET Q q 0 0 0 rg BT 439.09 496.85 Td (completion ) Tj ET Q q 0 0 0 rg BT 477.28 496.85 Td (of ) Tj ET Q q 0 0 0 rg BT 486.13 496.85 Td (a ) Tj ET Q q 0 0 0 rg BT 491.88 496.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 529.16 496.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 555.79 496.85 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 61.68 487.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 76.02 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.59 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.16 487.25 Td (Ukraine ) Tj ET Q q 0 0 0 rg BT 124.83 487.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 162.06 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 173.29 487.25 Td (which ) Tj ET Q q 0 0 0 rg BT 194.75 487.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 204.09 487.25 Td (. ) Tj ET Q q 0 0 0 rg BT 207.99 487.25 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 228.56 487.25 Td (was ) Tj ET Q q 0 0 0 rg BT 242.91 487.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 268.80 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.93 487.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.39 487.25 Td (award ) Tj ET Q q 0 0 0 rg BT 307.84 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.41 487.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 332.54 487.25 Td (500,000, ) Tj ET Q q 0 0 0 rg BT 362.44 487.25 Td (which ) Tj ET Q q 0 0 0 rg BT 383.90 487.25 Td (he ) Tj ET Q q 0 0 0 rg BT 393.36 487.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 416.58 487.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.71 487.25 Td (2010; ) Tj ET Q q 0 0 0 rg BT 444.83 487.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 456.51 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.19 487.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 506.52 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.09 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.77 487.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 548.23 487.25 Td (debt ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 477.65 Td (of ) Tj ET Q q 0 0 0 rg BT 59.07 477.65 Td (the ) Tj ET Q q 0 0 0 rg BT 71.24 477.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.75 477.65 Td (due ) Tj ET Q q 0 0 0 rg BT 118.70 477.65 Td (in ) Tj ET Q q 0 0 0 rg BT 127.33 477.65 Td (2012, ) Tj ET Q q 0 0 0 rg BT 147.73 477.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 166.13 477.65 Td (and ) Tj ET Q q 0 0 0 rg BT 180.08 477.65 Td (2014, ) Tj ET Q q 0 0 0 rg BT 200.48 477.65 Td (for ) Tj ET Q q 0 0 0 rg BT 212.21 477.65 Td (which ) Tj ET Q q 0 0 0 rg BT 234.17 477.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 243.50 477.65 Td (. ) Tj ET Q q 0 0 0 rg BT 247.90 477.65 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 268.97 477.65 Td (was ) Tj ET Q q 0 0 0 rg BT 283.81 477.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 310.20 477.65 Td (to ) Tj ET Q q 0 0 0 rg BT 318.83 477.65 Td (an ) Tj ET Q q 0 0 0 rg BT 328.78 477.65 Td (award ) Tj ET Q q 0 0 0 rg BT 350.72 477.65 Td (based ) Tj ET Q q 0 0 0 rg BT 371.34 477.65 Td (on ) Tj ET Q q 0 0 0 rg BT 381.74 477.65 Td (the ) Tj ET Q q 0 0 0 rg BT 393.92 477.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 420.31 477.65 Td (of ) Tj ET Q q 0 0 0 rg BT 429.38 477.65 Td (such ) Tj ET Q q 0 0 0 rg BT 446.45 477.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 462.62 477.65 Td (refinanced, ) Tj ET Q q 0 0 0 rg BT 500.78 477.65 Td (with ) Tj ET Q q 0 0 0 rg BT 517.40 477.65 Td (the ) Tj ET Q q 0 0 0 rg BT 529.57 477.65 Td (maximum ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 468.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.91 468.05 Td (of ) Tj ET Q q 0 0 0 rg BT 84.48 468.05 Td (such ) Tj ET Q q 0 0 0 rg BT 101.05 468.05 Td (award ) Tj ET Q q 0 0 0 rg BT 122.50 468.05 Td (not ) Tj ET Q q 0 0 0 rg BT 134.64 468.05 Td (to ) Tj ET Q q 0 0 0 rg BT 142.77 468.05 Td (exceed ) Tj ET Q q 0 0 0 rg BT 166.88 468.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 183.02 468.05 Td (1,000,000 ) Tj ET Q q 0 0 0 rg BT 216.92 468.05 Td (in ) Tj ET Q q 0 0 0 rg BT 225.06 468.05 Td (the ) Tj ET Q q 0 0 0 rg BT 236.74 468.05 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 271.74 468.05 Td (the ) Tj ET Q q 0 0 0 rg BT 283.42 468.05 Td (full ) Tj ET Q q 0 0 0 rg BT 296.44 468.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 322.34 468.05 Td (of ) Tj ET Q q 0 0 0 rg BT 330.92 468.05 Td (which ) Tj ET Q q 0 0 0 rg BT 352.38 468.05 Td (he ) Tj ET Q q 0 0 0 rg BT 361.84 468.05 Td (had ) Tj ET Q q 0 0 0 rg BT 375.30 468.05 Td (earned ) Tj ET Q q 0 0 0 rg BT 398.52 468.05 Td (by ) Tj ET Q q 0 0 0 rg BT 408.43 468.05 Td (2012 ) Tj ET Q q 0 0 0 rg BT 426.34 468.05 Td (\(including ) Tj ET Q q 0 0 0 rg BT 461.13 468.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 477.27 468.05 Td (133,100 ) Tj ET Q q 0 0 0 rg BT 505.18 468.05 Td (in ) Tj ET Q q 0 0 0 rg BT 513.31 468.05 Td (2012 ) Tj ET Q q 0 0 0 rg BT 531.22 468.05 Td (in ) Tj ET Q q 0 0 0 rg BT 539.35 468.05 Td (respect ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 458.45 Td (of ) Tj ET Q q 0 0 0 rg BT 58.13 458.45 Td (the ) Tj ET Q q 0 0 0 rg BT 69.36 458.45 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 107.25 458.45 Td (of ) Tj ET Q q 0 0 0 rg BT 115.38 458.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.61 458.45 Td (remainder ) Tj ET Q q 0 0 0 rg BT 160.50 458.45 Td (of ) Tj ET Q q 0 0 0 rg BT 168.62 458.45 Td (the ) Tj ET Q q 0 0 0 rg BT 179.86 458.45 Td (Company) Tj ET Q q 0 0 0 rg BT 213.19 458.45 Td (s ) Tj ET Q q 0 0 0 rg BT 217.77 458.45 Td (3.50% ) Tj ET Q q 0 0 0 rg BT 239.89 458.45 Td (Senior ) Tj ET Q q 0 0 0 rg BT 262.24 458.45 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 301.47 458.45 Td (Notes ) Tj ET Q q 0 0 0 rg BT 321.60 458.45 Td (due ) Tj ET Q q 0 0 0 rg BT 334.61 458.45 Td (2013 ) Tj ET Q q 0 0 0 rg BT 352.07 458.45 Td (and ) Tj ET Q q 0 0 0 rg BT 365.09 458.45 Td (the ) Tj ET Q q 0 0 0 rg BT 376.32 458.45 Td (Company) Tj ET Q q 0 0 0 rg BT 409.65 458.45 Td (s ) Tj ET Q q 0 0 0 rg BT 414.23 458.45 Td (Floating ) Tj ET Q q 0 0 0 rg BT 442.36 458.45 Td (Rate ) Tj ET Q q 0 0 0 rg BT 458.48 458.45 Td (notes ) Tj ET Q q 0 0 0 rg BT 476.83 458.45 Td (due ) Tj ET Q q 0 0 0 rg BT 489.84 458.45 Td (2014 ) Tj ET Q q 0 0 0 rg BT 507.30 458.45 Td (and ) Tj ET Q q 0 0 0 rg BT 520.32 458.45 Td (US$ ) Tj ET Q q 0 0 0 rg BT 536.00 458.45 Td (261,034 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.85 Td (in ) Tj ET Q q 0 0 0 rg BT 58.40 448.85 Td (201) Tj ET Q q 0 0 0 rg BT 70.10 448.85 Td (1 ) Tj ET Q q 0 0 0 rg BT 76.27 448.85 Td (in ) Tj ET Q q 0 0 0 rg BT 84.67 448.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 121.94 448.85 Td (with ) Tj ET Q q 0 0 0 rg BT 138.33 448.85 Td (the ) Tj ET Q q 0 0 0 rg BT 150.28 448.85 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 188.88 448.85 Td (of ) Tj ET Q q 0 0 0 rg BT 197.71 448.85 Td (a ) Tj ET Q q 0 0 0 rg BT 203.44 448.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 228.72 448.85 Td (of ) Tj ET Q q 0 0 0 rg BT 237.56 448.85 Td (the ) Tj ET Q q 0 0 0 rg BT 249.50 448.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 267.68 448.85 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 307.62 448.85 Td (Notes\); ) Tj ET Q q 0 0 0 rg BT 333.34 448.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 347.51 448.85 Td (the ) Tj ET Q q 0 0 0 rg BT 359.46 448.85 Td (achievement ) Tj ET Q q 0 0 0 rg BT 402.05 448.85 Td (of ) Tj ET Q q 0 0 0 rg BT 410.89 448.85 Td (an ) Tj ET Q q 0 0 0 rg BT 420.61 448.85 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 453.88 448.85 Td (OIBDA-tar) Tj ET Q q 0 0 0 rg BT 490.17 448.85 Td (get ) Tj ET Q q 0 0 0 rg BT 502.11 448.85 Td (for ) Tj ET Q q 0 0 0 rg BT 513.61 448.85 Td (the ) Tj ET Q q 0 0 0 rg BT 525.56 448.85 Td (Company) Tj ET Q q 0 0 0 rg BT 558.89 448.85 Td (s ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (new ) Tj ET Q q 0 0 0 rg BT 65.65 439.25 Td (media ) Tj ET Q q 0 0 0 rg BT 87.51 439.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 123.15 439.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.80 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.89 439.25 Td (period ) Tj ET Q q 0 0 0 rg BT 169.64 439.25 Td (from ) Tj ET Q q 0 0 0 rg BT 187.51 439.25 Td (201) Tj ET Q q 0 0 0 rg BT 199.21 439.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 205.53 439.25 Td (through ) Tj ET Q q 0 0 0 rg BT 232.74 439.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 253.05 439.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.70 439.25 Td (which ) Tj ET Q q 0 0 0 rg BT 286.57 439.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 295.90 439.25 Td (. ) Tj ET Q q 0 0 0 rg BT 300.22 439.25 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 321.20 439.25 Td (was ) Tj ET Q q 0 0 0 rg BT 335.96 439.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 362.27 439.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.81 439.25 Td (an ) Tj ET Q q 0 0 0 rg BT 380.68 439.25 Td (award ) Tj ET Q q 0 0 0 rg BT 402.54 439.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 422.18 439.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.72 439.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 443.70 439.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.68 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.77 439.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 491.09 439.25 Td (by ) Tj ET Q q 0 0 0 rg BT 501.40 439.25 Td (which ) Tj ET Q q 0 0 0 rg BT 523.27 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 439.25 Td (reported ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 429.65 Td (OIBDA) Tj ET Q q 0 0 0 rg BT 74.89 429.65 Td ( ) Tj ET Q q 0 0 0 rg BT 77.00 429.65 Td (of ) Tj ET Q q 0 0 0 rg BT 85.77 429.65 Td (the ) Tj ET Q q 0 0 0 rg BT 97.65 429.65 Td (new ) Tj ET Q q 0 0 0 rg BT 113.08 429.65 Td (media ) Tj ET Q q 0 0 0 rg BT 134.74 429.65 Td (division ) Tj ET Q q 0 0 0 rg BT 162.62 429.65 Td (over ) Tj ET Q q 0 0 0 rg BT 178.94 429.65 Td (such ) Tj ET Q q 0 0 0 rg BT 195.71 429.65 Td (period ) Tj ET Q q 0 0 0 rg BT 218.26 429.65 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 245.68 429.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 262.01 429.65 Td (30.0 ) Tj ET Q q 0 0 0 rg BT 278.12 429.65 Td (million, ) Tj ET Q q 0 0 0 rg BT 305.34 429.65 Td (with ) Tj ET Q q 0 0 0 rg BT 321.67 429.65 Td (the ) Tj ET Q q 0 0 0 rg BT 333.55 429.65 Td (maximum ) Tj ET Q q 0 0 0 rg BT 368.10 429.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.20 429.65 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 429.65 Td (such ) Tj ET Q q 0 0 0 rg BT 419.74 429.65 Td (award ) Tj ET Q q 0 0 0 rg BT 441.39 429.65 Td (not ) Tj ET Q q 0 0 0 rg BT 453.72 429.65 Td (to ) Tj ET Q q 0 0 0 rg BT 462.05 429.65 Td (exceed ) Tj ET Q q 0 0 0 rg BT 486.36 429.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 502.69 429.65 Td (500,000, ) Tj ET Q q 0 0 0 rg BT 532.80 429.65 Td (which ) Tj ET Q q 0 0 0 rg BT 554.46 429.65 Td (he ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 420.05 Td (did ) Tj ET Q q 0 0 0 rg BT 62.45 420.05 Td (not ) Tj ET Q q 0 0 0 rg BT 74.90 420.05 Td (earn; ) Tj ET Q q 0 0 0 rg BT 93.11 420.05 Td (and ) Tj ET Q q 0 0 0 rg BT 106.89 420.05 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 120.67 420.05 Td (the ) Tj ET Q q 0 0 0 rg BT 132.67 420.05 Td (development ) Tj ET Q q 0 0 0 rg BT 176.21 420.05 Td (of ) Tj ET Q q 0 0 0 rg BT 185.11 420.05 Td (a ) Tj ET Q q 0 0 0 rg BT 190.88 420.05 Td (succession ) Tj ET Q q 0 0 0 rg BT 227.32 420.05 Td (planning ) Tj ET Q q 0 0 0 rg BT 257.55 420.05 Td (tool ) Tj ET Q q 0 0 0 rg BT 272.22 420.05 Td (endorsed ) Tj ET Q q 0 0 0 rg BT 303.32 420.05 Td (by ) Tj ET Q q 0 0 0 rg BT 313.55 420.05 Td (the ) Tj ET Q q 0 0 0 rg BT 325.55 420.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 347.33 420.05 Td (of ) Tj ET Q q 0 0 0 rg BT 356.22 420.05 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 390.21 420.05 Td (for ) Tj ET Q q 0 0 0 rg BT 401.77 420.05 Td (which ) Tj ET Q q 0 0 0 rg BT 423.54 420.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 432.88 420.05 Td (. ) Tj ET Q q 0 0 0 rg BT 437.11 420.05 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 458.00 420.05 Td (was ) Tj ET Q q 0 0 0 rg BT 472.66 420.05 Td (entitled ) Tj ET Q q 0 0 0 rg BT 498.88 420.05 Td (to ) Tj ET Q q 0 0 0 rg BT 507.33 420.05 Td (an ) Tj ET Q q 0 0 0 rg BT 517.11 420.05 Td (award ) Tj ET Q q 0 0 0 rg BT 538.88 420.05 Td (of ) Tj ET Q q 0 0 0 rg BT 547.77 420.05 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 410.45 Td (500,000, ) Tj ET Q q 0 0 0 rg BT 80.00 410.45 Td (which ) Tj ET Q q 0 0 0 rg BT 101.55 410.45 Td (he ) Tj ET Q q 0 0 0 rg BT 111.10 410.45 Td (earned ) Tj ET Q q 0 0 0 rg BT 134.42 410.45 Td (in ) Tj ET Q q 0 0 0 rg BT 142.64 410.45 Td (201) Tj ET Q q 0 0 0 rg BT 154.34 410.45 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 394.85 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.27 394.85 Td (to ) Tj ET Q q 0 0 0 rg BT 88.76 394.85 Td (his ) Tj ET Q q 0 0 0 rg BT 100.37 394.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 142.63 394.85 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 180.21 394.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 189.55 394.85 Td (. ) Tj ET Q q 0 0 0 rg BT 193.82 394.85 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 214.75 394.85 Td (received ) Tj ET Q q 0 0 0 rg BT 244.11 394.85 Td (a ) Tj ET Q q 0 0 0 rg BT 249.93 394.85 Td (monthly ) Tj ET Q q 0 0 0 rg BT 278.87 394.85 Td (housing ) Tj ET Q q 0 0 0 rg BT 306.47 394.85 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 343.17 394.85 Td (as ) Tj ET Q q 0 0 0 rg BT 352.10 394.85 Td (well ) Tj ET Q q 0 0 0 rg BT 368.14 394.85 Td (as ) Tj ET Q q 0 0 0 rg BT 377.08 394.85 Td (medical, ) Tj ET Q q 0 0 0 rg BT 406.67 394.85 Td (life, ) Tj ET Q q 0 0 0 rg BT 421.60 394.85 Td (disability ) Tj ET Q q 0 0 0 rg BT 453.64 394.85 Td (and ) Tj ET Q q 0 0 0 rg BT 467.46 394.85 Td (travel ) Tj ET Q q 0 0 0 rg BT 487.95 394.85 Td (insurance ) Tj ET Q q 0 0 0 rg BT 520.87 394.85 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 550.46 394.85 Td (See ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 81.41 385.25 Td (\(10\), ) Tj ET Q q 0 0 0 rg BT 98.38 385.25 Td (\(1) Tj ET Q q 0 0 0 rg BT 104.74 385.25 Td (1\) ) Tj ET Q q 0 0 0 rg BT 113.04 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.23 385.25 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 141.20 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.50 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.91 385.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 193.65 385.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 241.39 385.25 Td (T) Tj ET Q q 0 0 0 rg BT 245.72 385.25 Td (able ) Tj ET Q q 0 0 0 rg BT 260.68 385.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.64 385.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 305.27 385.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 346.68 385.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 356.01 385.25 Td (. ) Tj ET Q q 0 0 0 rg BT 359.65 385.25 Td (Sarbu) Tj ET Q q 0 0 0 rg BT 380.54 385.25 Td (s ) Tj ET Q q 0 0 0 rg BT 385.29 385.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 426.92 385.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 461.87 385.25 Td (also ) Tj ET Q q 0 0 0 rg BT 476.39 385.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 509.12 385.25 Td (non-competition ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 375.65 Td (provisions ) Tj ET Q q 0 0 0 rg BT 85.34 375.65 Td (that ) Tj ET Q q 0 0 0 rg BT 99.33 375.65 Td (are ) Tj ET Q q 0 0 0 rg BT 111.10 375.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 145.97 375.65 Td (for ) Tj ET Q q 0 0 0 rg BT 157.30 375.65 Td (a ) Tj ET Q q 0 0 0 rg BT 162.85 375.65 Td (one-year ) Tj ET Q q 0 0 0 rg BT 192.83 375.65 Td (period ) Tj ET Q q 0 0 0 rg BT 215.27 375.65 Td (following ) Tj ET Q q 0 0 0 rg BT 248.38 375.65 Td (termination ) Tj ET Q q 0 0 0 rg BT 287.25 375.65 Td (and ) Tj ET Q q 0 0 0 rg BT 300.80 375.65 Td (a ) Tj ET Q q 0 0 0 rg BT 306.36 375.65 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 343.91 375.65 Td (on ) Tj ET Q q 0 0 0 rg BT 353.91 375.65 Td (the ) Tj ET Q q 0 0 0 rg BT 365.68 375.65 Td (use ) Tj ET Q q 0 0 0 rg BT 378.35 375.65 Td (of ) Tj ET Q q 0 0 0 rg BT 387.01 375.65 Td (confidential ) Tj ET Q q 0 0 0 rg BT 427.22 375.65 Td (information.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (David ) Tj ET Q q 0 0 0 rg BT 71.55 357.05 Td (Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 341.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 341.45 Td (. ) Tj ET Q q 0 0 0 rg BT 63.43 341.45 Td (Sach ) Tj ET Q q 0 0 0 rg BT 81.07 341.45 Td (served ) Tj ET Q q 0 0 0 rg BT 104.04 341.45 Td (as ) Tj ET Q q 0 0 0 rg BT 112.79 341.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 132.66 341.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 164.52 341.45 Td (Of) Tj ET Q q 0 0 0 rg BT 172.81 341.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 189.56 341.45 Td (from ) Tj ET Q q 0 0 0 rg BT 207.20 341.45 Td (March ) Tj ET Q q 0 0 0 rg BT 230.17 341.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 238.26 341.45 Td (2010 ) Tj ET Q q 0 0 0 rg BT 256.35 341.45 Td (to ) Tj ET Q q 0 0 0 rg BT 264.66 341.45 Td (October ) Tj ET Q q 0 0 0 rg BT 292.52 341.45 Td (29, ) Tj ET Q q 0 0 0 rg BT 304.61 341.45 Td (2013 ) Tj ET Q q 0 0 0 rg BT 322.70 341.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 352.34 341.45 Td (to ) Tj ET Q q 0 0 0 rg BT 360.66 341.45 Td (an ) Tj ET Q q 0 0 0 rg BT 370.30 341.45 Td (employment ) Tj ET Q q 0 0 0 rg BT 412.38 341.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 447.79 341.45 Td (dated ) Tj ET Q q 0 0 0 rg BT 467.20 341.45 Td (February ) Tj ET Q q 0 0 0 rg BT 498.17 341.45 Td (26, ) Tj ET Q q 0 0 0 rg BT 510.26 341.45 Td (2010 ) Tj ET Q q 0 0 0 rg BT 528.35 341.45 Td (with ) Tj ET Q q 0 0 0 rg BT 544.67 341.45 Td (CME ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 331.85 Td (Media ) Tj ET Q q 0 0 0 rg BT 73.83 331.85 Td (Services ) Tj ET Q q 0 0 0 rg BT 104.33 331.85 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 135.05 331.85 Td (Under ) Tj ET Q q 0 0 0 rg BT 158.43 331.85 Td (his ) Tj ET Q q 0 0 0 rg BT 171.16 331.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 214.55 331.85 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 253.25 331.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 262.59 331.85 Td (. ) Tj ET Q q 0 0 0 rg BT 267.98 331.85 Td (Sach) Tj ET Q q 0 0 0 rg BT 285.75 331.85 Td (s ) Tj ET Q q 0 0 0 rg BT 292.26 331.85 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 326.74 331.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 351.46 331.85 Td (salary ) Tj ET Q q 0 0 0 rg BT 373.96 331.85 Td (was ) Tj ET Q q 0 0 0 rg BT 389.79 331.85 Td (CZK ) Tj ET Q q 0 0 0 rg BT 409.18 331.85 Td (1) Tj ET Q q 0 0 0 rg BT 412.89 331.85 Td (1,355,900 ) Tj ET Q q 0 0 0 rg BT 448.28 331.85 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 500.54 331.85 Td (US$ ) Tj ET Q q 0 0 0 rg BT 518.16 331.85 Td (580,850\). ) Tj ET Q q 0 0 0 rg BT 552.22 331.85 Td (On ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (October14,2013, ) Tj ET Q q 0 0 0 rg BT 110.16 322.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 119.50 322.25 Td (. ) Tj ET Q q 0 0 0 rg BT 123.89 322.25 Td (Sach ) Tj ET Q q 0 0 0 rg BT 141.84 322.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 167.77 322.25 Td (into ) Tj ET Q q 0 0 0 rg BT 182.61 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.78 322.25 Td (Sach ) Tj ET Q q 0 0 0 rg BT 212.73 322.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 248.81 322.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 288.74 322.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 318.69 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.31 322.25 Td (which ) Tj ET Q q 0 0 0 rg BT 349.25 322.25 Td (his ) Tj ET Q q 0 0 0 rg BT 360.98 322.25 Td (service ) Tj ET Q q 0 0 0 rg BT 386.03 322.25 Td (as ) Tj ET Q q 0 0 0 rg BT 395.09 322.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 415.26 322.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 447.43 322.25 Td (Of) Tj ET Q q 0 0 0 rg BT 455.72 322.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 472.77 322.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 509.37 322.25 Td (with ) Tj ET Q q 0 0 0 rg BT 525.99 322.25 Td (ef) Tj ET Q q 0 0 0 rg BT 532.06 322.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 546.44 322.25 Td (from ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 312.65 Td (October ) Tj ET Q q 0 0 0 rg BT 77.80 312.65 Td (29, ) Tj ET Q q 0 0 0 rg BT 89.84 312.65 Td (2013. ) Tj ET Q q 0 0 0 rg BT 109.88 312.65 Td (Under ) Tj ET Q q 0 0 0 rg BT 131.91 312.65 Td (the ) Tj ET Q q 0 0 0 rg BT 143.73 312.65 Td (Sach ) Tj ET Q q 0 0 0 rg BT 161.32 312.65 Td (Separation ) Tj ET Q q 0 0 0 rg BT 197.12 312.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 236.69 312.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 246.03 312.65 Td (. ) Tj ET Q q 0 0 0 rg BT 250.07 312.65 Td (Sach ) Tj ET Q q 0 0 0 rg BT 267.66 312.65 Td (received ) Tj ET Q q 0 0 0 rg BT 296.79 312.65 Td (a ) Tj ET Q q 0 0 0 rg BT 302.38 312.65 Td (severance ) Tj ET Q q 0 0 0 rg BT 335.95 312.65 Td (payment ) Tj ET Q q 0 0 0 rg BT 365.53 312.65 Td (of ) Tj ET Q q 0 0 0 rg BT 374.24 312.65 Td (CZK ) Tj ET Q q 0 0 0 rg BT 392.28 312.65 Td (33,447,554 ) Tj ET Q q 0 0 0 rg BT 430.32 312.65 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 481.23 312.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 497.49 312.65 Td (1,710,829\) ) Tj ET Q q 0 0 0 rg BT 534.19 312.65 Td (upon ) Tj ET Q q 0 0 0 rg BT 552.23 312.65 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 303.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 88.88 303.05 Td (of ) Tj ET Q q 0 0 0 rg BT 97.54 303.05 Td (his ) Tj ET Q q 0 0 0 rg BT 108.88 303.05 Td (employment.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 287.45 Td (In ) Tj ET Q q 0 0 0 rg BT 59.08 287.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.59 287.45 Td (with ) Tj ET Q q 0 0 0 rg BT 113.23 287.45 Td (the ) Tj ET Q q 0 0 0 rg BT 125.41 287.45 Td (Sach ) Tj ET Q q 0 0 0 rg BT 143.38 287.45 Td (Separation ) Tj ET Q q 0 0 0 rg BT 179.47 287.45 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 219.42 287.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 228.76 287.45 Td (. ) Tj ET Q q 0 0 0 rg BT 233.17 287.45 Td (Sach ) Tj ET Q q 0 0 0 rg BT 251.14 287.45 Td (was ) Tj ET Q q 0 0 0 rg BT 265.99 287.45 Td (not ) Tj ET Q q 0 0 0 rg BT 278.63 287.45 Td (entitled ) Tj ET Q q 0 0 0 rg BT 305.04 287.45 Td (to ) Tj ET Q q 0 0 0 rg BT 313.67 287.45 Td (earn ) Tj ET Q q 0 0 0 rg BT 329.85 287.45 Td (any ) Tj ET Q q 0 0 0 rg BT 343.82 287.45 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 380.89 287.45 Td (incentive ) Tj ET Q q 0 0 0 rg BT 412.63 287.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 428.81 287.45 Td (award ) Tj ET Q q 0 0 0 rg BT 450.77 287.45 Td (for ) Tj ET Q q 0 0 0 rg BT 462.51 287.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 482.93 287.45 Td (Because ) Tj ET Q q 0 0 0 rg BT 511.99 287.45 Td (tar) Tj ET Q q 0 0 0 rg BT 520.29 287.45 Td (gets ) Tj ET Q q 0 0 0 rg BT 535.59 287.45 Td (for ) Tj ET Q q 0 0 0 rg BT 547.33 287.45 Td (non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 277.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 71.95 277.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 103.23 277.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 118.96 277.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 143.57 277.85 Td (were ) Tj ET Q q 0 0 0 rg BT 161.06 277.85 Td (not ) Tj ET Q q 0 0 0 rg BT 173.24 277.85 Td (met ) Tj ET Q q 0 0 0 rg BT 187.19 277.85 Td (in ) Tj ET Q q 0 0 0 rg BT 195.37 277.85 Td (2012, ) Tj ET Q q 0 0 0 rg BT 215.33 277.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 224.66 277.85 Td (. ) Tj ET Q q 0 0 0 rg BT 228.62 277.85 Td (Sach ) Tj ET Q q 0 0 0 rg BT 246.12 277.85 Td (did ) Tj ET Q q 0 0 0 rg BT 258.30 277.85 Td (not ) Tj ET Q q 0 0 0 rg BT 270.48 277.85 Td (earn ) Tj ET Q q 0 0 0 rg BT 286.20 277.85 Td (any ) Tj ET Q q 0 0 0 rg BT 299.71 277.85 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 336.32 277.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 367.60 277.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 383.32 277.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 429.71 277.85 Td (for ) Tj ET Q q 0 0 0 rg BT 441.00 277.85 Td (that ) Tj ET Q q 0 0 0 rg BT 454.95 277.85 Td (year; ) Tj ET Q q 0 0 0 rg BT 472.89 277.85 Td (however) Tj ET Q q 0 0 0 rg BT 500.11 277.85 Td (, ) Tj ET Q q 0 0 0 rg BT 504.07 277.85 Td (the ) Tj ET Q q 0 0 0 rg BT 515.80 277.85 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 87.69 268.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 112.48 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.84 268.25 Td (award ) Tj ET Q q 0 0 0 rg BT 142.52 268.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 151.86 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 155.99 268.25 Td (Sach ) Tj ET Q q 0 0 0 rg BT 173.68 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 179.37 268.25 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 223.27 268.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 244.53 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.33 268.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 269.69 268.25 Td (75,000. ) Tj ET Q q 0 0 0 rg BT 295.83 268.25 Td (In ) Tj ET Q q 0 0 0 rg BT 304.63 268.25 Td (201) Tj ET Q q 0 0 0 rg BT 316.34 268.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 324.48 268.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 333.81 268.25 Td (. ) Tj ET Q q 0 0 0 rg BT 337.95 268.25 Td (Sach ) Tj ET Q q 0 0 0 rg BT 355.64 268.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 379.10 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.79 268.25 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 421.58 268.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 453.04 268.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 468.96 268.25 Td (award ) Tj ET Q q 0 0 0 rg BT 490.64 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.44 268.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 547.79 268.25 Td (US$ ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 258.65 Td (603,800.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 243.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 243.05 Td (. ) Tj ET Q q 0 0 0 rg BT 63.35 243.05 Td (Sach) Tj ET Q q 0 0 0 rg BT 81.13 243.05 Td (s ) Tj ET Q q 0 0 0 rg BT 86.26 243.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 128.26 243.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 163.59 243.05 Td (provided ) Tj ET Q q 0 0 0 rg BT 194.05 243.05 Td (for ) Tj ET Q q 0 0 0 rg BT 205.39 243.05 Td (a ) Tj ET Q q 0 0 0 rg BT 210.96 243.05 Td (monthly ) Tj ET Q q 0 0 0 rg BT 239.64 243.05 Td (housing ) Tj ET Q q 0 0 0 rg BT 267.00 243.05 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 303.44 243.05 Td (as ) Tj ET Q q 0 0 0 rg BT 312.12 243.05 Td (well ) Tj ET Q q 0 0 0 rg BT 327.91 243.05 Td (as ) Tj ET Q q 0 0 0 rg BT 336.59 243.05 Td (medical, ) Tj ET Q q 0 0 0 rg BT 365.93 243.05 Td (disability ) Tj ET Q q 0 0 0 rg BT 397.72 243.05 Td (and ) Tj ET Q q 0 0 0 rg BT 411.29 243.05 Td (life ) Tj ET Q q 0 0 0 rg BT 423.97 243.05 Td (insurance ) Tj ET Q q 0 0 0 rg BT 456.63 243.05 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 485.98 243.05 Td (See ) Tj ET Q q 0 0 0 rg BT 499.54 243.05 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 531.33 243.05 Td (\(13\), ) Tj ET Q q 0 0 0 rg BT 548.68 243.05 Td (\(14\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 233.45 Td (and ) Tj ET Q q 0 0 0 rg BT 63.25 233.45 Td (\(15\) ) Tj ET Q q 0 0 0 rg BT 78.28 233.45 Td (of ) Tj ET Q q 0 0 0 rg BT 86.64 233.45 Td (the ) Tj ET Q q 0 0 0 rg BT 98.11 233.45 Td (Summary ) Tj ET Q q 0 0 0 rg BT 130.92 233.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 178.72 233.45 Td (T) Tj ET Q q 0 0 0 rg BT 183.05 233.45 Td (able ) Tj ET Q q 0 0 0 rg BT 198.07 233.45 Td (for ) Tj ET Q q 0 0 0 rg BT 209.10 233.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 242.79 233.45 Td (information. ) Tj ET Q q 0 0 0 rg BT 284.26 233.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 293.59 233.45 Td (. ) Tj ET Q q 0 0 0 rg BT 297.29 233.45 Td (Sach) Tj ET Q q 0 0 0 rg BT 315.06 233.45 Td (s ) Tj ET Q q 0 0 0 rg BT 319.88 233.45 Td (employment ) Tj ET Q q 0 0 0 rg BT 361.57 233.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 396.58 233.45 Td (also ) Tj ET Q q 0 0 0 rg BT 411.17 233.45 Td (contains ) Tj ET Q q 0 0 0 rg BT 439.53 233.45 Td (non-competition ) Tj ET Q q 0 0 0 rg BT 494.10 233.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 529.14 233.45 Td (applicable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 223.85 Td (for ) Tj ET Q q 0 0 0 rg BT 61.33 223.85 Td (a ) Tj ET Q q 0 0 0 rg BT 66.88 223.85 Td (12-month ) Tj ET Q q 0 0 0 rg BT 99.99 223.85 Td (period ) Tj ET Q q 0 0 0 rg BT 122.43 223.85 Td (following ) Tj ET Q q 0 0 0 rg BT 155.54 223.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 194.41 223.85 Td (and ) Tj ET Q q 0 0 0 rg BT 207.96 223.85 Td (a ) Tj ET Q q 0 0 0 rg BT 213.52 223.85 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 251.07 223.85 Td (on ) Tj ET Q q 0 0 0 rg BT 261.07 223.85 Td (the ) Tj ET Q q 0 0 0 rg BT 272.84 223.85 Td (use ) Tj ET Q q 0 0 0 rg BT 285.51 223.85 Td (of ) Tj ET Q q 0 0 0 rg BT 294.17 223.85 Td (confidential ) Tj ET Q q 0 0 0 rg BT 334.38 223.85 Td (information.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (Anthony ) Tj ET Q q 0 0 0 rg BT 78.66 205.25 Td (Chhoy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 189.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 189.65 Td (. ) Tj ET Q q 0 0 0 rg BT 63.47 189.65 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 86.94 189.65 Td (served ) Tj ET Q q 0 0 0 rg BT 109.95 189.65 Td (as ) Tj ET Q q 0 0 0 rg BT 118.75 189.65 Td (Executive ) Tj ET Q q 0 0 0 rg BT 152.71 189.65 Td (V) Tj ET Q q 0 0 0 rg BT 158.01 189.65 Td (ice ) Tj ET Q q 0 0 0 rg BT 169.47 189.65 Td (President ) Tj ET Q q 0 0 0 rg BT 201.38 189.65 Td (- ) Tj ET Q q 0 0 0 rg BT 206.17 189.65 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 236.74 189.65 Td (Planning ) Tj ET Q q 0 0 0 rg BT 267.32 189.65 Td (and ) Tj ET Q q 0 0 0 rg BT 281.00 189.65 Td (Operations ) Tj ET Q q 0 0 0 rg BT 318.24 189.65 Td (from ) Tj ET Q q 0 0 0 rg BT 335.92 189.65 Td (December ) Tj ET Q q 0 0 0 rg BT 370.93 189.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 379.06 189.65 Td (2010 ) Tj ET Q q 0 0 0 rg BT 397.19 189.65 Td (to ) Tj ET Q q 0 0 0 rg BT 405.55 189.65 Td (November ) Tj ET Q q 0 0 0 rg BT 441.45 189.65 Td (15, ) Tj ET Q q 0 0 0 rg BT 453.58 189.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 471.72 189.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.40 189.65 Td (to ) Tj ET Q q 0 0 0 rg BT 509.76 189.65 Td (an ) Tj ET Q q 0 0 0 rg BT 519.44 189.65 Td (amended ) Tj ET Q q 0 0 0 rg BT 550.45 189.65 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 180.05 Td (restated ) Tj ET Q q 0 0 0 rg BT 76.99 180.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 119.09 180.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 154.52 180.05 Td (with ) Tj ET Q q 0 0 0 rg BT 170.86 180.05 Td (CME ) Tj ET Q q 0 0 0 rg BT 190.30 180.05 Td (Media ) Tj ET Q q 0 0 0 rg BT 212.86 180.05 Td (Services ) Tj ET Q q 0 0 0 rg BT 242.07 180.05 Td (Limited ) Tj ET Q q 0 0 0 rg BT 269.51 180.05 Td (dated ) Tj ET Q q 0 0 0 rg BT 288.95 180.05 Td (December ) Tj ET Q q 0 0 0 rg BT 323.93 180.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 332.04 180.05 Td (2010. ) Tj ET Q q 0 0 0 rg BT 352.16 180.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 374.26 180.05 Td (his ) Tj ET Q q 0 0 0 rg BT 385.71 180.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 427.82 180.05 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 465.24 180.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 474.58 180.05 Td (. ) Tj ET Q q 0 0 0 rg BT 478.69 180.05 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 502.25 180.05 Td (s ) Tj ET Q q 0 0 0 rg BT 507.48 180.05 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 540.68 180.05 Td (annual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 170.45 Td (salary ) Tj ET Q q 0 0 0 rg BT 71.33 170.45 Td (was ) Tj ET Q q 0 0 0 rg BT 86.00 170.45 Td (CZK ) Tj ET Q q 0 0 0 rg BT 104.23 170.45 Td (10,080,000 ) Tj ET Q q 0 0 0 rg BT 142.46 170.45 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 193.56 170.45 Td (US$ ) Tj ET Q q 0 0 0 rg BT 210.02 170.45 Td (515,588\). ) Tj ET Q q 0 0 0 rg BT 242.91 170.45 Td (On ) Tj ET Q q 0 0 0 rg BT 254.92 170.45 Td (October ) Tj ET Q q 0 0 0 rg BT 282.91 170.45 Td (17, ) Tj ET Q q 0 0 0 rg BT 295.14 170.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 315.37 170.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 324.71 170.45 Td (. ) Tj ET Q q 0 0 0 rg BT 328.94 170.45 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 352.50 170.45 Td (entered ) Tj ET Q q 0 0 0 rg BT 378.27 170.45 Td (into ) Tj ET Q q 0 0 0 rg BT 392.95 170.45 Td (the ) Tj ET Q q 0 0 0 rg BT 404.95 170.45 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 428.51 170.45 Td (Separation ) Tj ET Q q 0 0 0 rg BT 464.46 170.45 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 504.23 170.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 534.01 170.45 Td (to ) Tj ET Q q 0 0 0 rg BT 542.46 170.45 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 160.85 Td (his ) Tj ET Q q 0 0 0 rg BT 62.00 160.85 Td (service ) Tj ET Q q 0 0 0 rg BT 87.32 160.85 Td (as ) Tj ET Q q 0 0 0 rg BT 96.65 160.85 Td (EVP-Strategic ) Tj ET Q q 0 0 0 rg BT 145.52 160.85 Td (Planning ) Tj ET Q q 0 0 0 rg BT 176.63 160.85 Td (and ) Tj ET Q q 0 0 0 rg BT 190.85 160.85 Td (Operations ) Tj ET Q q 0 0 0 rg BT 228.62 160.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 265.49 160.85 Td (with ) Tj ET Q q 0 0 0 rg BT 282.38 160.85 Td (ef) Tj ET Q q 0 0 0 rg BT 288.45 160.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 303.10 160.85 Td (from ) Tj ET Q q 0 0 0 rg BT 321.32 160.85 Td (November ) Tj ET Q q 0 0 0 rg BT 357.75 160.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 370.41 160.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 391.08 160.85 Td (Under ) Tj ET Q q 0 0 0 rg BT 413.73 160.85 Td (the ) Tj ET Q q 0 0 0 rg BT 426.17 160.85 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 450.17 160.85 Td (Separation ) Tj ET Q q 0 0 0 rg BT 486.46 160.85 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 526.66 160.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 536.00 160.85 Td (. ) Tj ET Q q 0 0 0 rg BT 540.67 160.85 Td (Chhoy ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (received ) Tj ET Q q 0 0 0 rg BT 79.09 151.25 Td (a ) Tj ET Q q 0 0 0 rg BT 84.64 151.25 Td (severance ) Tj ET Q q 0 0 0 rg BT 118.17 151.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 147.72 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.38 151.25 Td (CZK ) Tj ET Q q 0 0 0 rg BT 174.38 151.25 Td (29,185,664 ) Tj ET Q q 0 0 0 rg BT 212.38 151.25 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 263.25 151.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 279.48 151.25 Td (1,492,835\) ) Tj ET Q q 0 0 0 rg BT 316.14 151.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 334.14 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.92 151.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 384.80 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.46 151.25 Td (his ) Tj ET Q q 0 0 0 rg BT 404.80 151.25 Td (employment.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.65 Td (In ) Tj ET Q q 0 0 0 rg BT 58.59 135.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.62 135.65 Td (with ) Tj ET Q q 0 0 0 rg BT 111.77 135.65 Td (the ) Tj ET Q q 0 0 0 rg BT 123.47 135.65 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 146.73 135.65 Td (Separation ) Tj ET Q q 0 0 0 rg BT 182.45 135.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 221.91 135.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 231.25 135.65 Td (. ) Tj ET Q q 0 0 0 rg BT 235.18 135.65 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 258.44 135.65 Td (was ) Tj ET Q q 0 0 0 rg BT 272.81 135.65 Td (not ) Tj ET Q q 0 0 0 rg BT 284.96 135.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 310.88 135.65 Td (to ) Tj ET Q q 0 0 0 rg BT 319.03 135.65 Td (earn ) Tj ET Q q 0 0 0 rg BT 334.72 135.65 Td (any ) Tj ET Q q 0 0 0 rg BT 348.20 135.65 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 384.79 135.65 Td (incentive ) Tj ET Q q 0 0 0 rg BT 416.04 135.65 Td (plan ) Tj ET Q q 0 0 0 rg BT 431.74 135.65 Td (award ) Tj ET Q q 0 0 0 rg BT 453.21 135.65 Td (for ) Tj ET Q q 0 0 0 rg BT 464.47 135.65 Td (2013. ) Tj ET Q q 0 0 0 rg BT 484.39 135.65 Td (Because ) Tj ET Q q 0 0 0 rg BT 512.97 135.65 Td (tar) Tj ET Q q 0 0 0 rg BT 521.27 135.65 Td (gets ) Tj ET Q q 0 0 0 rg BT 536.08 135.65 Td (for ) Tj ET Q q 0 0 0 rg BT 547.34 135.65 Td (non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.05 Td (equity ) Tj ET Q q 0 0 0 rg BT 71.71 126.05 Td (incentive ) Tj ET Q q 0 0 0 rg BT 102.74 126.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 118.23 126.05 Td (awards ) Tj ET Q q 0 0 0 rg BT 142.60 126.05 Td (were ) Tj ET Q q 0 0 0 rg BT 159.86 126.05 Td (not ) Tj ET Q q 0 0 0 rg BT 171.79 126.05 Td (met ) Tj ET Q q 0 0 0 rg BT 185.50 126.05 Td (in ) Tj ET Q q 0 0 0 rg BT 193.44 126.05 Td (2012, ) Tj ET Q q 0 0 0 rg BT 213.16 126.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 222.49 126.05 Td (. ) Tj ET Q q 0 0 0 rg BT 226.21 126.05 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 249.25 126.05 Td (did ) Tj ET Q q 0 0 0 rg BT 261.19 126.05 Td (not ) Tj ET Q q 0 0 0 rg BT 273.13 126.05 Td (earn ) Tj ET Q q 0 0 0 rg BT 288.61 126.05 Td (any ) Tj ET Q q 0 0 0 rg BT 301.87 126.05 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 338.25 126.05 Td (incentive ) Tj ET Q q 0 0 0 rg BT 369.28 126.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 384.77 126.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 430.92 126.05 Td (for ) Tj ET Q q 0 0 0 rg BT 441.96 126.05 Td (that ) Tj ET Q q 0 0 0 rg BT 455.67 126.05 Td (year; ) Tj ET Q q 0 0 0 rg BT 473.37 126.05 Td (however) Tj ET Q q 0 0 0 rg BT 500.59 126.05 Td (, ) Tj ET Q q 0 0 0 rg BT 504.31 126.05 Td (the ) Tj ET Q q 0 0 0 rg BT 515.79 126.05 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 116.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 87.37 116.45 Td (elected ) Tj ET Q q 0 0 0 rg BT 111.85 116.45 Td (to ) Tj ET Q q 0 0 0 rg BT 119.89 116.45 Td (award ) Tj ET Q q 0 0 0 rg BT 141.26 116.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 150.59 116.45 Td (. ) Tj ET Q q 0 0 0 rg BT 154.42 116.45 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 177.58 116.45 Td (a ) Tj ET Q q 0 0 0 rg BT 182.95 116.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 226.54 116.45 Td (bonus ) Tj ET Q q 0 0 0 rg BT 247.47 116.45 Td (of ) Tj ET Q q 0 0 0 rg BT 255.96 116.45 Td (US$ ) Tj ET Q q 0 0 0 rg BT 272.01 116.45 Td (75,000. ) Tj ET Q q 0 0 0 rg BT 297.83 116.45 Td (In ) Tj ET Q q 0 0 0 rg BT 306.32 116.45 Td (201) Tj ET Q q 0 0 0 rg BT 318.02 116.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 325.85 116.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 335.18 116.45 Td (. ) Tj ET Q q 0 0 0 rg BT 339.00 116.45 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 362.16 116.45 Td (earned ) Tj ET Q q 0 0 0 rg BT 385.30 116.45 Td (a ) Tj ET Q q 0 0 0 rg BT 390.68 116.45 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 427.16 116.45 Td (incentive ) Tj ET Q q 0 0 0 rg BT 458.30 116.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 473.90 116.45 Td (award ) Tj ET Q q 0 0 0 rg BT 495.27 116.45 Td (of ) Tj ET Q q 0 0 0 rg BT 503.75 116.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 551.79 116.45 Td (US) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 106.85 Td ($ ) Tj ET Q q 0 0 0 rg BT 56.00 106.85 Td (558,800.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 91.25 Td (. ) Tj ET Q q 0 0 0 rg BT 63.28 91.25 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 86.84 91.25 Td (s ) Tj ET Q q 0 0 0 rg BT 91.90 91.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 133.84 91.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 169.10 91.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 199.48 91.25 Td (for ) Tj ET Q q 0 0 0 rg BT 210.76 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.25 91.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 244.87 91.25 Td (housing ) Tj ET Q q 0 0 0 rg BT 272.15 91.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 306.52 91.25 Td (for ) Tj ET Q q 0 0 0 rg BT 317.80 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 323.29 91.25 Td (three-year ) Tj ET Q q 0 0 0 rg BT 357.66 91.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 382.04 91.25 Td (as ) Tj ET Q q 0 0 0 rg BT 390.65 91.25 Td (well ) Tj ET Q q 0 0 0 rg BT 406.37 91.25 Td (as ) Tj ET Q q 0 0 0 rg BT 414.98 91.25 Td (medical, ) Tj ET Q q 0 0 0 rg BT 444.25 91.25 Td (disability ) Tj ET Q q 0 0 0 rg BT 475.97 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.47 91.25 Td (life ) Tj ET Q q 0 0 0 rg BT 502.08 91.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 534.67 91.25 Td (benefits. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 81.65 Td (See ) Tj ET Q q 0 0 0 rg BT 62.60 81.65 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 93.42 81.65 Td (\(16\), ) Tj ET Q q 0 0 0 rg BT 109.80 81.65 Td (\(18\) ) Tj ET Q q 0 0 0 rg BT 124.18 81.65 Td (and ) Tj ET Q q 0 0 0 rg BT 136.78 81.65 Td (\(19\) ) Tj ET Q q 0 0 0 rg BT 151.15 81.65 Td (of ) Tj ET Q q 0 0 0 rg BT 158.87 81.65 Td (the ) Tj ET Q q 0 0 0 rg BT 169.69 81.65 Td (Summary ) Tj ET Q q 0 0 0 rg BT 201.85 81.65 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 249.04 81.65 Td (T) Tj ET Q q 0 0 0 rg BT 253.37 81.65 Td (able ) Tj ET Q q 0 0 0 rg BT 267.74 81.65 Td (for ) Tj ET Q q 0 0 0 rg BT 278.12 81.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 311.16 81.65 Td (information. ) Tj ET Q q 0 0 0 rg BT 351.98 81.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 361.31 81.65 Td (. ) Tj ET Q q 0 0 0 rg BT 364.36 81.65 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 387.92 81.65 Td (s ) Tj ET Q q 0 0 0 rg BT 392.08 81.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 433.12 81.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 467.48 81.65 Td (also ) Tj ET Q q 0 0 0 rg BT 481.42 81.65 Td (contains ) Tj ET Q q 0 0 0 rg BT 509.13 81.65 Td (non-competition ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 72.05 Td (provisions ) Tj ET Q q 0 0 0 rg BT 85.34 72.05 Td (applicable ) Tj ET Q q 0 0 0 rg BT 120.21 72.05 Td (for ) Tj ET Q q 0 0 0 rg BT 131.54 72.05 Td (a ) Tj ET Q q 0 0 0 rg BT 137.09 72.05 Td (12-month ) Tj ET Q q 0 0 0 rg BT 170.20 72.05 Td (period ) Tj ET Q q 0 0 0 rg BT 192.63 72.05 Td (following ) Tj ET Q q 0 0 0 rg BT 225.74 72.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 264.62 72.05 Td (and ) Tj ET Q q 0 0 0 rg BT 278.17 72.05 Td (a ) Tj ET Q q 0 0 0 rg BT 283.72 72.05 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 321.28 72.05 Td (on ) Tj ET Q q 0 0 0 rg BT 331.28 72.05 Td (the ) Tj ET Q q 0 0 0 rg BT 343.05 72.05 Td (use ) Tj ET Q q 0 0 0 rg BT 355.71 72.05 Td (of ) Tj ET Q q 0 0 0 rg BT 364.38 72.05 Td (confidential ) Tj ET Q q 0 0 0 rg BT 404.59 72.05 Td (information.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (103) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Grants of Plan Based ) Tj ET Q q 0 0 0 rg BT 124.23 743.60 Td (A) Tj ET Q q 0 0 0 rg BT 129.41 743.60 Td (wards) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.71 728.00 Td (following ) Tj ET Q q 0 0 0 rg BT 98.08 728.00 Td (table ) Tj ET Q q 0 0 0 rg BT 115.90 728.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 130.17 728.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 147.99 728.00 Td (information ) Tj ET Q q 0 0 0 rg BT 188.03 728.00 Td (with ) Tj ET Q q 0 0 0 rg BT 204.52 728.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 229.44 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 237.93 728.00 Td (estimated ) Tj ET Q q 0 0 0 rg BT 270.85 728.00 Td (possible ) Tj ET Q q 0 0 0 rg BT 299.34 728.00 Td (payouts ) Tj ET Q q 0 0 0 rg BT 326.50 728.00 Td (under ) Tj ET Q q 0 0 0 rg BT 346.98 728.00 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 383.91 728.00 Td (incentive ) Tj ET Q q 0 0 0 rg BT 415.50 728.00 Td (plans ) Tj ET Q q 0 0 0 rg BT 434.66 728.00 Td (and ) Tj ET Q q 0 0 0 rg BT 448.48 728.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 480.51 728.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 499.66 728.00 Td (units ) Tj ET Q q 0 0 0 rg BT 517.49 728.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 543.75 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 552.24 728.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (Named ) Tj ET Q q 0 0 0 rg BT 75.20 718.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 109.29 718.40 Td (Of) Tj ET Q q 0 0 0 rg BT 117.59 718.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 137.46 718.40 Td (during ) Tj ET Q q 0 0 0 rg BT 160.45 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 172.32 718.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 191.75 718.40 Td (year ) Tj ET Q q 0 0 0 rg BT 207.62 718.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 228.82 718.40 Td (December ) Tj ET Q q 0 0 0 rg BT 263.79 718.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 275.89 718.40 Td (2013. ) Tj ET Q q 0 0 0 rg BT 295.84 718.40 Td (W) Tj ET Q q 0 0 0 rg BT 302.75 718.40 Td (e ) Tj ET Q q 0 0 0 rg BT 308.41 718.40 Td (have ) Tj ET Q q 0 0 0 rg BT 325.61 718.40 Td (not ) Tj ET Q q 0 0 0 rg BT 337.94 718.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 364.03 718.40 Td (any ) Tj ET Q q 0 0 0 rg BT 377.68 718.40 Td (option ) Tj ET Q q 0 0 0 rg BT 400.23 718.40 Td (awards ) Tj ET Q q 0 0 0 rg BT 424.99 718.40 Td (during ) Tj ET Q q 0 0 0 rg BT 447.98 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 459.85 718.40 Td (year ) Tj ET Q q 0 0 0 rg BT 475.72 718.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 496.92 718.40 Td (December ) Tj ET Q q 0 0 0 rg BT 531.89 718.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 544.00 718.40 Td (2013. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (In ) Tj ET Q q 0 0 0 rg BT 58.71 708.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.98 708.80 Td (no ) Tj ET Q q 0 0 0 rg BT 99.04 708.80 Td (Named ) Tj ET Q q 0 0 0 rg BT 124.19 708.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 158.22 708.80 Td (Of) Tj ET Q q 0 0 0 rg BT 166.52 708.80 Td (ficer ) Tj ET Q q 0 0 0 rg BT 183.22 708.80 Td (was ) Tj ET Q q 0 0 0 rg BT 197.71 708.80 Td (eligible ) Tj ET Q q 0 0 0 rg BT 223.76 708.80 Td (during ) Tj ET Q q 0 0 0 rg BT 246.70 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 258.52 708.80 Td (year ) Tj ET Q q 0 0 0 rg BT 274.34 708.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 295.49 708.80 Td (December ) Tj ET Q q 0 0 0 rg BT 330.41 708.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 342.46 708.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 360.51 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 368.78 708.80 Td (earn ) Tj ET Q q 0 0 0 rg BT 384.60 708.80 Td (a ) Tj ET Q q 0 0 0 rg BT 390.20 708.80 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 426.91 708.80 Td (incentive ) Tj ET Q q 0 0 0 rg BT 458.28 708.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 474.11 708.80 Td (award ) Tj ET Q q 0 0 0 rg BT 495.70 708.80 Td (whose ) Tj ET Q q 0 0 0 rg BT 518.19 708.80 Td (payout ) Tj ET Q q 0 0 0 rg BT 542.02 708.80 Td (would ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (be ) Tj ET Q q 0 0 0 rg BT 59.25 699.20 Td (earned ) Tj ET Q q 0 0 0 rg BT 82.27 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 90.19 699.20 Td (whole ) Tj ET Q q 0 0 0 rg BT 111.45 699.20 Td (or ) Tj ET Q q 0 0 0 rg BT 119.81 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 127.73 699.20 Td (part ) Tj ET Q q 0 0 0 rg BT 141.87 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 149.80 699.20 Td (a ) Tj ET Q q 0 0 0 rg BT 155.05 699.20 Td (future ) Tj ET Q q 0 0 0 rg BT 175.85 699.20 Td (year) Tj ET Q q 0 0 0 rg BT 189.18 699.20 Td (. ) Tj ET Q q 0 0 0 rg BT 192.88 699.20 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 219.46 699.20 Td (currency ) Tj ET Q q 0 0 0 rg BT 249.15 699.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 277.96 699.20 Td (in ) Tj ET Q q 0 0 0 rg BT 285.88 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 297.36 699.20 Td (table ) Tj ET Q q 0 0 0 rg BT 314.60 699.20 Td (below ) Tj ET Q q 0 0 0 rg BT 335.86 699.20 Td (have ) Tj ET Q q 0 0 0 rg BT 352.66 699.20 Td (been ) Tj ET Q q 0 0 0 rg BT 369.46 699.20 Td (translated ) Tj ET Q q 0 0 0 rg BT 402.26 699.20 Td (using ) Tj ET Q q 0 0 0 rg BT 421.30 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 432.77 699.20 Td (average ) Tj ET Q q 0 0 0 rg BT 459.34 699.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 491.24 699.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 504.93 699.20 Td (for ) Tj ET Q q 0 0 0 rg BT 515.96 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 527.44 699.20 Td (year ) Tj ET Q q 0 0 0 rg BT 542.90 699.20 Td (ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (December ) Tj ET Q q 0 0 0 rg BT 84.87 689.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.87 689.60 Td (2013.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 599.10 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.50 599.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 599.10 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 599.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 599.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 599.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 599.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 599.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 599.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 599.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 599.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 599.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 599.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.10 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.50 573.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 573.10 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 573.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 573.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 573.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 573.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 573.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 573.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 573.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 573.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 573.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 573.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.10 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.50 547.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 547.10 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 547.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 547.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 547.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 547.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 547.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 547.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 547.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 547.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 547.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 547.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 521.10 106.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 156.50 521.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 521.10 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 521.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 521.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 521.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 521.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 521.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 521.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 521.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 521.10 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 521.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 521.10 61.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 156.5 599.1 m 217.5 599.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 599.1 m 237.5 599.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 599.1 m 302.5 599.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 599.1 m 367.5 599.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 599.1 m 432.5 599.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 599.1 m 497.5 599.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 599.1 m 562.5 599.1 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.35 648.33 Td (Estimated Possible ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 162.30 640.33 Td (Payouts under) Tj ET Q q 0 0 0 rg BT 211.72 640.33 Td ( Non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 159.35 632.33 Td (Equity Incentive Plan ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 183.45 624.33 Td (A) Tj ET Q q 0 0 0 rg BT 188.63 624.33 Td (wards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 191.80 616.33 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.55 640.33 Td (Estimated futur) Tj ET Q q 0 0 0 rg BT 303.85 640.33 Td (e payouts under) Tj ET Q q 0 0 0 rg BT 358.38 640.33 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.95 632.33 Td (equity incentive plan awards ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 274.05 624.33 Td (\(number) Tj ET Q q 0 0 0 rg BT 303.68 624.33 Td ( of units\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.30 616.33 Td (\(2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.35 635.33 Td (All Other) Tj ET Q q 0 0 0 rg BT 407.87 635.33 Td ( Stock ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.90 627.33 Td (A) Tj ET Q q 0 0 0 rg BT 408.08 627.33 Td (wards ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 390.70 619.33 Td (\(number) Tj ET Q q 0 0 0 rg BT 420.33 619.33 Td ( of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.40 611.33 Td (units\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.65 603.33 Td (\(3\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 455.10 603.33 Td (Grant Date) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.10 627.33 Td (Grant Date ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.65 619.33 Td (Fair) Tj ET Q q 0 0 0 rg BT 529.17 619.33 Td ( ) Tj ET Q q 0 0 0 rg BT 531.02 619.33 Td (V) Tj ET Q q 0 0 0 rg BT 536.06 619.33 Td (alue of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.25 611.33 Td (Stock ) Tj ET Q q 0 0 0 rg BT 532.92 611.33 Td (A) Tj ET Q q 0 0 0 rg BT 538.11 611.33 Td (wards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 549.65 603.33 Td (\(4\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 164.40 603.33 Td (Target / Maximum) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.60 603.33 Td (Target) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.40 603.33 Td (Maximum) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 590.35 Td (Michael Del Nin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.00 590.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 590.35 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.30 590.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.30 590.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 590.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 590.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.00 590.35 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 590.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 577.35 Td (Christoph Mainusch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 577.35 Td (200,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 291.30 577.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.30 577.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.30 577.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.30 577.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.30 577.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 564.35 Td (David Sturgeon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 564.35 Td (199,483) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 564.35 Td (20,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.30 564.35 Td (20,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 564.35 Td (20,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 564.35 Td (June 12, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 564.35 Td (88,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 551.35 Td (Daniel Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 551.35 Td (523,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 551.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.30 551.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 551.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 551.35 Td (June 12, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 551.35 Td (177,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 538.35 Td (Adrian Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.25 538.35 Td (1,800,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.00 538.35 Td (\(5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 538.35 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.30 538.35 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 538.35 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 538.35 Td (June 12, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 538.35 Td (265,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 525.35 Td (David Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 525.35 Td (580,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.00 525.35 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 525.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.30 525.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 525.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 525.35 Td (June 12, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 525.35 Td (177,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 512.35 Td (Anthony Chhoy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.30 512.35 Td (515,588) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.00 512.35 Td (\(7\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 512.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.30 512.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 512.35 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.30 512.35 Td (June 12, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 533.30 512.35 Td (177,200) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 496.00 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 496.00 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 120.29 496.00 Td (possible ) Tj ET Q q 0 0 0 rg BT 148.82 496.00 Td (payouts ) Tj ET Q q 0 0 0 rg BT 176.00 496.00 Td (for ) Tj ET Q q 0 0 0 rg BT 187.63 496.00 Td (each ) Tj ET Q q 0 0 0 rg BT 204.59 496.00 Td (Named ) Tj ET Q q 0 0 0 rg BT 229.99 496.00 Td (Executive ) Tj ET Q q 0 0 0 rg BT 264.27 496.00 Td (Of) Tj ET Q q 0 0 0 rg BT 272.57 496.00 Td (ficer ) Tj ET Q q 0 0 0 rg BT 289.52 496.00 Td (were ) Tj ET Q q 0 0 0 rg BT 307.37 496.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 342.09 496.00 Td (using ) Tj ET Q q 0 0 0 rg BT 361.73 496.00 Td (the ) Tj ET Q q 0 0 0 rg BT 373.80 496.00 Td (criteria ) Tj ET Q q 0 0 0 rg BT 398.75 496.00 Td (set ) Tj ET Q q 0 0 0 rg BT 409.94 496.00 Td (out ) Tj ET Q q 0 0 0 rg BT 422.46 496.00 Td (in ) Tj ET Q q 0 0 0 rg BT 430.98 496.00 Td (the ) Tj ET Q q 0 0 0 rg BT 443.06 496.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 464.91 496.00 Td (CEO ) Tj ET Q q 0 0 0 rg BT 483.21 496.00 Td (and ) Tj ET Q q 0 0 0 rg BT 497.06 496.00 Td (Senior ) Tj ET Q q 0 0 0 rg BT 520.25 496.00 Td (Management ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 486.40 Td (Non-equity ) Tj ET Q q 0 0 0 rg BT 124.38 486.40 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 156.08 486.40 Td (Plan ) Tj ET Q q 0 0 0 rg BT 172.10 486.40 Td (T) Tj ET Q q 0 0 0 rg BT 176.43 486.40 Td (ar) Tj ET Q q 0 0 0 rg BT 182.50 486.40 Td (gets ) Tj ET Q q 0 0 0 rg BT 197.32 486.40 Td (and ) Tj ET Q q 0 0 0 rg BT 210.39 486.40 Td (A) Tj ET Q q 0 0 0 rg BT 215.43 486.40 Td (wards ) Tj ET Q q 0 0 0 rg BT 240.03 486.40 Td (in ) Tj ET Q q 0 0 0 rg BT 248.19 486.40 Td (the ) Tj ET Q q 0 0 0 rg BT 259.90 486.40 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 308.06 486.40 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 345.11 486.40 Td (and ) Tj ET Q q 0 0 0 rg BT 358.17 486.40 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 388.11 486.40 Td (section ) Tj ET Q q 0 0 0 rg BT 412.71 486.40 Td (of ) Tj ET Q q 0 0 0 rg BT 421.32 486.40 Td (this ) Tj ET Q q 0 0 0 rg BT 434.39 486.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 459.88 486.40 Td (Report ) Tj ET Q q 0 0 0 rg BT 483.59 486.40 Td (on ) Tj ET Q q 0 0 0 rg BT 493.53 486.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 512.80 486.40 Td (10-K ) Tj ET Q q 0 0 0 rg BT 531.18 486.40 Td (in ) Tj ET Q q 0 0 0 rg BT 539.35 486.40 Td (respect ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 476.80 Td (of ) Tj ET Q q 0 0 0 rg BT 94.52 476.80 Td (each ) Tj ET Q q 0 0 0 rg BT 111.03 476.80 Td (Named ) Tj ET Q q 0 0 0 rg BT 135.99 476.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 169.83 476.80 Td (Of) Tj ET Q q 0 0 0 rg BT 178.13 476.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 192.34 476.80 Td (. ) Tj ET Q q 0 0 0 rg BT 196.06 476.80 Td (There ) Tj ET Q q 0 0 0 rg BT 216.57 476.80 Td (are ) Tj ET Q q 0 0 0 rg BT 228.19 476.80 Td (no ) Tj ET Q q 0 0 0 rg BT 238.05 476.80 Td (threshold ) Tj ET Q q 0 0 0 rg BT 269.68 476.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 298.64 476.80 Td (and ) Tj ET Q q 0 0 0 rg BT 312.05 476.80 Td (Named ) Tj ET Q q 0 0 0 rg BT 337.01 476.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 370.85 476.80 Td (Of) Tj ET Q q 0 0 0 rg BT 379.14 476.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 398.77 476.80 Td (are ) Tj ET Q q 0 0 0 rg BT 410.39 476.80 Td (entitled ) Tj ET Q q 0 0 0 rg BT 436.24 476.80 Td (to ) Tj ET Q q 0 0 0 rg BT 444.32 476.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 469.26 476.80 Td (the ) Tj ET Q q 0 0 0 rg BT 480.89 476.80 Td (maximum ) Tj ET Q q 0 0 0 rg BT 515.19 476.80 Td (payout ) Tj ET Q q 0 0 0 rg BT 538.82 476.80 Td (of ) Tj ET Q q 0 0 0 rg BT 547.34 476.80 Td (their ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 467.20 Td (awards ) Tj ET Q q 0 0 0 rg BT 110.66 467.20 Td (if ) Tj ET Q q 0 0 0 rg BT 117.54 467.20 Td (the ) Tj ET Q q 0 0 0 rg BT 129.32 467.20 Td (tar) Tj ET Q q 0 0 0 rg BT 137.61 467.20 Td (gets ) Tj ET Q q 0 0 0 rg BT 152.50 467.20 Td (are ) Tj ET Q q 0 0 0 rg BT 164.26 467.20 Td (achieved.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 454.60 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 454.60 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.27 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.08 454.60 Td (grants ) Tj ET Q q 0 0 0 rg BT 145.78 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.59 454.60 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 218.03 454.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 249.94 454.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.97 454.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 288.68 454.60 Td (which ) Tj ET Q q 0 0 0 rg BT 310.37 454.60 Td (are ) Tj ET Q q 0 0 0 rg BT 322.29 454.60 Td (eligible ) Tj ET Q q 0 0 0 rg BT 348.42 454.60 Td (for ) Tj ET Q q 0 0 0 rg BT 359.90 454.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 385.15 454.60 Td (over ) Tj ET Q q 0 0 0 rg BT 401.52 454.60 Td (a ) Tj ET Q q 0 0 0 rg BT 407.21 454.60 Td (four) Tj ET Q q 0 0 0 rg BT 420.38 454.60 Td (-year ) Tj ET Q q 0 0 0 rg BT 438.96 454.60 Td (period ) Tj ET Q q 0 0 0 rg BT 461.54 454.60 Td (on ) Tj ET Q q 0 0 0 rg BT 471.69 454.60 Td (each ) Tj ET Q q 0 0 0 rg BT 488.49 454.60 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 527.95 454.60 Td (of ) Tj ET Q q 0 0 0 rg BT 536.76 454.60 Td (the ) Tj ET Q q 0 0 0 rg BT 548.68 454.60 Td (date ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.52 445.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 112.82 445.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.91 445.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 158.73 445.00 Td (with ) Tj ET Q q 0 0 0 rg BT 174.82 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.45 445.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 228.73 445.00 Td (criteria ) Tj ET Q q 0 0 0 rg BT 253.24 445.00 Td (described ) Tj ET Q q 0 0 0 rg BT 285.75 445.00 Td (in ) Tj ET Q q 0 0 0 rg BT 293.83 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.47 445.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 353.55 445.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 390.52 445.00 Td (and ) Tj ET Q q 0 0 0 rg BT 403.52 445.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 433.38 445.00 Td (section ) Tj ET Q q 0 0 0 rg BT 457.90 445.00 Td (above ) Tj ET Q q 0 0 0 rg BT 478.86 445.00 Td (under ) Tj ET Q q 0 0 0 rg BT 498.94 445.00 Td (Long-T) Tj ET Q q 0 0 0 rg BT 526.37 445.00 Td (erm ) Tj ET Q q 0 0 0 rg BT 540.67 445.00 Td (Equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 435.40 Td (A) Tj ET Q q 0 0 0 rg BT 91.04 435.40 Td (wards.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 422.80 Td (\(3\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 422.80 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.10 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 123.75 422.80 Td (grants ) Tj ET Q q 0 0 0 rg BT 145.28 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 153.93 422.80 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 210.99 422.80 Td (based ) Tj ET Q q 0 0 0 rg BT 231.19 422.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 262.94 422.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 281.80 422.80 Td (units ) Tj ET Q q 0 0 0 rg BT 299.35 422.80 Td (and ) Tj ET Q q 0 0 0 rg BT 312.88 422.80 Td (excludes ) Tj ET Q q 0 0 0 rg BT 342.85 422.80 Td (grants ) Tj ET Q q 0 0 0 rg BT 364.38 422.80 Td (of ) Tj ET Q q 0 0 0 rg BT 373.03 422.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 404.77 422.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 423.64 422.80 Td (units ) Tj ET Q q 0 0 0 rg BT 441.18 422.80 Td (made ) Tj ET Q q 0 0 0 rg BT 460.49 422.80 Td (to ) Tj ET Q q 0 0 0 rg BT 468.70 422.80 Td (Named ) Tj ET Q q 0 0 0 rg BT 493.78 422.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 527.75 422.80 Td (Of) Tj ET Q q 0 0 0 rg BT 536.04 422.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 555.79 422.80 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 413.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 123.10 413.20 Td (with ) Tj ET Q q 0 0 0 rg BT 139.32 413.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.09 413.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 169.09 413.20 Td (option ) Tj ET Q q 0 0 0 rg BT 191.54 413.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 223.74 413.20 Td (program ) Tj ET Q q 0 0 0 rg BT 252.84 413.20 Td (as ) Tj ET Q q 0 0 0 rg BT 261.51 413.20 Td (described ) Tj ET Q q 0 0 0 rg BT 294.16 413.20 Td (below ) Tj ET Q q 0 0 0 rg BT 315.71 413.20 Td (under ) Tj ET Q q 0 0 0 rg BT 335.93 413.20 Td (Outstanding ) Tj ET Q q 0 0 0 rg BT 380.59 413.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 403.48 413.20 Td (A) Tj ET Q q 0 0 0 rg BT 408.52 413.20 Td (wards ) Tj ET Q q 0 0 0 rg BT 429.63 413.20 Td (at ) Tj ET Q q 0 0 0 rg BT 437.40 413.20 Td (December ) Tj ET Q q 0 0 0 rg BT 472.27 413.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 484.27 413.20 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 400.60 Td (\(4\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 400.60 Td (Grant ) Tj ET Q q 0 0 0 rg BT 106.39 400.60 Td (date ) Tj ET Q q 0 0 0 rg BT 121.89 400.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 135.17 400.60 Td (value ) Tj ET Q q 0 0 0 rg BT 154.68 400.60 Td (was ) Tj ET Q q 0 0 0 rg BT 169.29 400.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 207.46 400.60 Td (using ) Tj ET Q q 0 0 0 rg BT 226.97 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.92 400.60 Td (methodology ) Tj ET Q q 0 0 0 rg BT 283.32 400.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 313.93 400.60 Td (by ) Tj ET Q q 0 0 0 rg BT 323.63 400.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 341.37 400.60 Td (718. ) Tj ET Q q 0 0 0 rg BT 357.55 400.60 Td (For ) Tj ET Q q 0 0 0 rg BT 370.84 400.60 Td (a ) Tj ET Q q 0 0 0 rg BT 376.57 400.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 412.08 400.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.92 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.88 400.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 474.61 400.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 511.45 400.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.40 400.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 555.35 400.60 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 391.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 119.10 391.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 137.98 391.00 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 186.42 391.00 Td (see ) Tj ET Q q 0 0 0 rg BT 198.63 391.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 213.52 391.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 222.85 391.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 239.51 391.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.51 391.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 265.06 391.00 Td (17, ) Tj ET Q q 0 0 0 rg BT 277.06 391.00 Td ("Stock-based ) Tj ET Q q 0 0 0 rg BT 321.43 391.00 Td (Compensation") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.91 391.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 378.40 Td (\(5\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 378.40 Td (While ) Tj ET Q q 0 0 0 rg BT 107.60 378.40 Td (tar) Tj ET Q q 0 0 0 rg BT 115.89 378.40 Td (gets ) Tj ET Q q 0 0 0 rg BT 130.82 378.40 Td (were ) Tj ET Q q 0 0 0 rg BT 148.42 378.40 Td (set ) Tj ET Q q 0 0 0 rg BT 159.35 378.40 Td (for ) Tj ET Q q 0 0 0 rg BT 170.73 378.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 180.06 378.40 Td (. ) Tj ET Q q 0 0 0 rg BT 184.11 378.40 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 204.83 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 213.10 378.40 Td (2013, ) Tj ET Q q 0 0 0 rg BT 233.15 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 241.42 378.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 278.56 378.40 Td (with ) Tj ET Q q 0 0 0 rg BT 294.84 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.66 378.40 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 327.37 378.40 Td (Separation ) Tj ET Q q 0 0 0 rg BT 363.18 378.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 402.77 378.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 412.10 378.40 Td (. ) Tj ET Q q 0 0 0 rg BT 416.15 378.40 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 436.86 378.40 Td (was ) Tj ET Q q 0 0 0 rg BT 451.35 378.40 Td (not ) Tj ET Q q 0 0 0 rg BT 463.63 378.40 Td (entitled ) Tj ET Q q 0 0 0 rg BT 489.67 378.40 Td (to ) Tj ET Q q 0 0 0 rg BT 497.94 378.40 Td (earn ) Tj ET Q q 0 0 0 rg BT 513.75 378.40 Td (any ) Tj ET Q q 0 0 0 rg BT 527.35 378.40 Td (non-equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 368.80 Td (incentive ) Tj ET Q q 0 0 0 rg BT 117.32 368.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 133.09 368.80 Td (awards ) Tj ET Q q 0 0 0 rg BT 157.75 368.80 Td (for ) Tj ET Q q 0 0 0 rg BT 169.08 368.80 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 356.20 Td (\(6\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 356.20 Td (While ) Tj ET Q q 0 0 0 rg BT 107.95 356.20 Td (tar) Tj ET Q q 0 0 0 rg BT 116.24 356.20 Td (gets ) Tj ET Q q 0 0 0 rg BT 131.54 356.20 Td (were ) Tj ET Q q 0 0 0 rg BT 149.48 356.20 Td (set ) Tj ET Q q 0 0 0 rg BT 160.77 356.20 Td (for ) Tj ET Q q 0 0 0 rg BT 172.51 356.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 181.84 356.20 Td (. ) Tj ET Q q 0 0 0 rg BT 186.25 356.20 Td (Sach ) Tj ET Q q 0 0 0 rg BT 204.20 356.20 Td (in ) Tj ET Q q 0 0 0 rg BT 212.83 356.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 233.23 356.20 Td (in ) Tj ET Q q 0 0 0 rg BT 241.86 356.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 280.23 356.20 Td (with ) Tj ET Q q 0 0 0 rg BT 296.86 356.20 Td (the ) Tj ET Q q 0 0 0 rg BT 309.04 356.20 Td (Sach ) Tj ET Q q 0 0 0 rg BT 326.99 356.20 Td (Separation ) Tj ET Q q 0 0 0 rg BT 363.08 356.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 403.02 356.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 412.36 356.20 Td (. ) Tj ET Q q 0 0 0 rg BT 416.76 356.20 Td (Sach ) Tj ET Q q 0 0 0 rg BT 434.72 356.20 Td (was ) Tj ET Q q 0 0 0 rg BT 449.56 356.20 Td (not ) Tj ET Q q 0 0 0 rg BT 462.19 356.20 Td (entitled ) Tj ET Q q 0 0 0 rg BT 488.58 356.20 Td (to ) Tj ET Q q 0 0 0 rg BT 497.21 356.20 Td (earn ) Tj ET Q q 0 0 0 rg BT 513.38 356.20 Td (any ) Tj ET Q q 0 0 0 rg BT 527.34 356.20 Td (non-equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 346.60 Td (incentive ) Tj ET Q q 0 0 0 rg BT 117.32 346.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 133.09 346.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 157.75 346.60 Td (for ) Tj ET Q q 0 0 0 rg BT 169.08 346.60 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 334.00 Td (\(7\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 334.00 Td (While ) Tj ET Q q 0 0 0 rg BT 107.26 334.00 Td (tar) Tj ET Q q 0 0 0 rg BT 115.55 334.00 Td (gets ) Tj ET Q q 0 0 0 rg BT 130.15 334.00 Td (were ) Tj ET Q q 0 0 0 rg BT 147.41 334.00 Td (set ) Tj ET Q q 0 0 0 rg BT 158.00 334.00 Td (for ) Tj ET Q q 0 0 0 rg BT 169.04 334.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 178.38 334.00 Td (. ) Tj ET Q q 0 0 0 rg BT 182.09 334.00 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 205.14 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 213.07 334.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 232.79 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 240.72 334.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 277.53 334.00 Td (with ) Tj ET Q q 0 0 0 rg BT 293.46 334.00 Td (the ) Tj ET Q q 0 0 0 rg BT 304.95 334.00 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 328.00 334.00 Td (Separation ) Tj ET Q q 0 0 0 rg BT 363.54 334.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 402.79 334.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 412.13 334.00 Td (. ) Tj ET Q q 0 0 0 rg BT 415.84 334.00 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 438.89 334.00 Td (was ) Tj ET Q q 0 0 0 rg BT 453.04 334.00 Td (not ) Tj ET Q q 0 0 0 rg BT 464.98 334.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 490.68 334.00 Td (to ) Tj ET Q q 0 0 0 rg BT 498.62 334.00 Td (earn ) Tj ET Q q 0 0 0 rg BT 514.09 334.00 Td (any ) Tj ET Q q 0 0 0 rg BT 527.36 334.00 Td (non-equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 324.40 Td (incentive ) Tj ET Q q 0 0 0 rg BT 117.32 324.40 Td (plan ) Tj ET Q q 0 0 0 rg BT 133.09 324.40 Td (awards ) Tj ET Q q 0 0 0 rg BT 157.75 324.40 Td (for ) Tj ET Q q 0 0 0 rg BT 169.08 324.40 Td (2013.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 305.80 Td (Outstanding Equity ) Tj ET Q q 0 0 0 rg BT 119.36 305.80 Td (A) Tj ET Q q 0 0 0 rg BT 124.55 305.80 Td (wards at December) Tj ET Q q 0 0 0 rg BT 190.60 305.80 Td ( 31, 2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 290.20 Td (The ) Tj ET Q q 0 0 0 rg BT 64.42 290.20 Td (following ) Tj ET Q q 0 0 0 rg BT 97.52 290.20 Td (table ) Tj ET Q q 0 0 0 rg BT 115.05 290.20 Td (sets ) Tj ET Q q 0 0 0 rg BT 129.03 290.20 Td (forth ) Tj ET Q q 0 0 0 rg BT 146.57 290.20 Td (information ) Tj ET Q q 0 0 0 rg BT 186.32 290.20 Td (with ) Tj ET Q q 0 0 0 rg BT 202.53 290.20 Td (respect ) Tj ET Q q 0 0 0 rg BT 227.16 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 235.37 290.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 267.12 290.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 285.99 290.20 Td (units ) Tj ET Q q 0 0 0 rg BT 303.53 290.20 Td (granted ) Tj ET Q q 0 0 0 rg BT 329.50 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 337.71 290.20 Td (the ) Tj ET Q q 0 0 0 rg BT 349.47 290.20 Td (Named ) Tj ET Q q 0 0 0 rg BT 374.55 290.20 Td (Executive ) Tj ET Q q 0 0 0 rg BT 408.52 290.20 Td (Of) Tj ET Q q 0 0 0 rg BT 416.82 290.20 Td (ficers ) Tj ET Q q 0 0 0 rg BT 436.57 290.20 Td (and ) Tj ET Q q 0 0 0 rg BT 450.11 290.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 489.42 290.20 Td (at ) Tj ET Q q 0 0 0 rg BT 497.18 290.20 Td (December ) Tj ET Q q 0 0 0 rg BT 532.03 290.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 544.02 290.20 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 274.60 Td (At ) Tj ET Q q 0 0 0 rg BT 60.35 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 72.47 274.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 96.15 274.60 Td (general ) Tj ET Q q 0 0 0 rg BT 122.04 274.60 Td (meeting ) Tj ET Q q 0 0 0 rg BT 150.16 274.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.17 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.30 274.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.76 274.60 Td (held ) Tj ET Q q 0 0 0 rg BT 220.88 274.60 Td (on ) Tj ET Q q 0 0 0 rg BT 231.23 274.60 Td (June ) Tj ET Q q 0 0 0 rg BT 248.25 274.60 Td (13, ) Tj ET Q q 0 0 0 rg BT 260.60 274.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 280.95 274.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.07 274.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 335.85 274.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 367.97 274.60 Td (an ) Tj ET Q q 0 0 0 rg BT 377.87 274.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 411.32 274.60 Td (option ) Tj ET Q q 0 0 0 rg BT 434.11 274.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 466.67 274.60 Td (program ) Tj ET Q q 0 0 0 rg BT 496.12 274.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 526.01 274.60 Td (eligible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (employees ) Tj ET Q q 0 0 0 rg BT 85.81 265.00 Td (would, ) Tj ET Q q 0 0 0 rg BT 109.40 265.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 133.66 265.00 Td (to ) Tj ET Q q 0 0 0 rg BT 141.48 265.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 164.84 265.00 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 201.77 265.00 Td (be ) Tj ET Q q 0 0 0 rg BT 210.92 265.00 Td (given ) Tj ET Q q 0 0 0 rg BT 230.29 265.00 Td (the ) Tj ET Q q 0 0 0 rg BT 241.66 265.00 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 280.58 265.00 Td (to ) Tj ET Q q 0 0 0 rg BT 288.40 265.00 Td (exchange ) Tj ET Q q 0 0 0 rg BT 320.20 265.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 359.13 265.00 Td (options ) Tj ET Q q 0 0 0 rg BT 384.29 265.00 Td (to ) Tj ET Q q 0 0 0 rg BT 392.11 265.00 Td (acquire ) Tj ET Q q 0 0 0 rg BT 417.24 265.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.83 265.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.09 265.00 Td (the ) Tj ET Q q 0 0 0 rg BT 458.46 265.00 Td (Company) Tj ET Q q 0 0 0 rg BT 491.79 265.00 Td (s ) Tj ET Q q 0 0 0 rg BT 496.50 265.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 515.08 265.00 Td (A) Tj ET Q q 0 0 0 rg BT 520.42 265.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.02 265.00 Td (common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 255.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 69.33 255.40 Td (for ) Tj ET Q q 0 0 0 rg BT 81.09 255.40 Td (a ) Tj ET Q q 0 0 0 rg BT 87.08 255.40 Td (lesser ) Tj ET Q q 0 0 0 rg BT 107.74 255.40 Td (number ) Tj ET Q q 0 0 0 rg BT 134.62 255.40 Td (of ) Tj ET Q q 0 0 0 rg BT 143.72 255.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 175.92 255.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.25 255.40 Td (units ) Tj ET Q q 0 0 0 rg BT 213.24 255.40 Td (\(RSUs\). ) Tj ET Q q 0 0 0 rg BT 248.61 255.40 Td (The ) Tj ET Q q 0 0 0 rg BT 263.49 255.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 296.13 255.40 Td (program ) Tj ET Q q 0 0 0 rg BT 325.67 255.40 Td (was ) Tj ET Q q 0 0 0 rg BT 340.55 255.40 Td (launched ) Tj ET Q q 0 0 0 rg BT 371.87 255.40 Td (on ) Tj ET Q q 0 0 0 rg BT 382.31 255.40 Td (May ) Tj ET Q q 0 0 0 rg BT 399.41 255.40 Td (24, ) Tj ET Q q 0 0 0 rg BT 411.85 255.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 430.29 255.40 Td (and ) Tj ET Q q 0 0 0 rg BT 444.28 255.40 Td (completed ) Tj ET Q q 0 0 0 rg BT 480.04 255.40 Td (on ) Tj ET Q q 0 0 0 rg BT 490.48 255.40 Td (June ) Tj ET Q q 0 0 0 rg BT 507.58 255.40 Td (25, ) Tj ET Q q 0 0 0 rg BT 520.02 255.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 538.46 255.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 245.80 Td (1,618,000 ) Tj ET Q q 0 0 0 rg BT 83.99 245.80 Td (options ) Tj ET Q q 0 0 0 rg BT 109.54 245.80 Td (were ) Tj ET Q q 0 0 0 rg BT 127.08 245.80 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 163.27 245.80 Td (for ) Tj ET Q q 0 0 0 rg BT 174.59 245.80 Td (545,135 ) Tj ET Q q 0 0 0 rg BT 202.59 245.80 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 223.25 245.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 252.80 245.80 Td (to ) Tj ET Q q 0 0 0 rg BT 261.01 245.80 Td (the ) Tj ET Q q 0 0 0 rg BT 272.78 245.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 304.97 245.80 Td (program. ) Tj ET Q q 0 0 0 rg BT 335.63 245.80 Td (All ) Tj ET Q q 0 0 0 rg BT 347.84 245.80 Td (Named ) Tj ET Q q 0 0 0 rg BT 372.94 245.80 Td (Executive ) Tj ET Q q 0 0 0 rg BT 406.91 245.80 Td (Of) Tj ET Q q 0 0 0 rg BT 415.21 245.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 434.97 245.80 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 471.16 245.80 Td (their ) Tj ET Q q 0 0 0 rg BT 487.81 245.80 Td (options ) Tj ET Q q 0 0 0 rg BT 513.37 245.80 Td (to ) Tj ET Q q 0 0 0 rg BT 521.58 245.80 Td (purchase ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 236.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.07 236.20 Td (of ) Tj ET Q q 0 0 0 rg BT 78.82 236.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 97.00 236.20 Td (A) Tj ET Q q 0 0 0 rg BT 102.33 236.20 Td ( ) Tj ET Q q 0 0 0 rg BT 103.41 236.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 134.28 236.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 153.58 236.20 Td (for ) Tj ET Q q 0 0 0 rg BT 163.99 236.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 194.83 236.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 212.80 236.20 Td (units ) Tj ET Q q 0 0 0 rg BT 229.44 236.20 Td (in ) Tj ET Q q 0 0 0 rg BT 236.74 236.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 273.79 236.20 Td (with ) Tj ET Q q 0 0 0 rg BT 289.10 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 299.95 236.20 Td (rules ) Tj ET Q q 0 0 0 rg BT 316.58 236.20 Td (of ) Tj ET Q q 0 0 0 rg BT 324.33 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 335.18 236.20 Td (option ) Tj ET Q q 0 0 0 rg BT 356.71 236.20 Td (exchange ) Tj ET Q q 0 0 0 rg BT 387.99 236.20 Td (program, ) Tj ET Q q 0 0 0 rg BT 418.18 236.20 Td (which ) Tj ET Q q 0 0 0 rg BT 438.81 236.20 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 458.56 236.20 Td (were ) Tj ET Q q 0 0 0 rg BT 475.19 236.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 496.27 236.20 Td (on ) Tj ET Q q 0 0 0 rg BT 505.35 236.20 Td (June25,2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 226.60 Td (and ) Tj ET Q q 0 0 0 rg BT 62.74 226.60 Td (are ) Tj ET Q q 0 0 0 rg BT 73.69 226.60 Td (included ) Tj ET Q q 0 0 0 rg BT 102.43 226.60 Td (in ) Tj ET Q q 0 0 0 rg BT 109.84 226.60 Td (the ) Tj ET Q q 0 0 0 rg BT 120.80 226.60 Td (chart ) Tj ET Q q 0 0 0 rg BT 137.98 226.60 Td (below) Tj ET Q q 0 0 0 rg BT 157.01 226.60 Td (. ) Tj ET Q q 0 0 0 rg BT 159.94 226.60 Td (As ) Tj ET Q q 0 0 0 rg BT 170.02 226.60 Td (a ) Tj ET Q q 0 0 0 rg BT 174.75 226.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 195.72 226.60 Td (no ) Tj ET Q q 0 0 0 rg BT 204.90 226.60 Td (Named ) Tj ET Q q 0 0 0 rg BT 229.19 226.60 Td (Executive ) Tj ET Q q 0 0 0 rg BT 262.37 226.60 Td (Of) Tj ET Q q 0 0 0 rg BT 270.66 226.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 286.51 226.60 Td (held ) Tj ET Q q 0 0 0 rg BT 301.47 226.60 Td (any ) Tj ET Q q 0 0 0 rg BT 314.21 226.60 Td (options ) Tj ET Q q 0 0 0 rg BT 338.95 226.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.36 226.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 375.98 226.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 397.16 226.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.02 226.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 423.28 226.60 Td (A) Tj ET Q q 0 0 0 rg BT 428.61 226.60 Td ( ) Tj ET Q q 0 0 0 rg BT 429.80 226.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 460.77 226.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 480.18 226.60 Td (at ) Tj ET Q q 0 0 0 rg BT 487.15 226.60 Td (December31,2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 211.00 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 84.32 211.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 103.10 211.00 Td (units ) Tj ET Q q 0 0 0 rg BT 120.55 211.00 Td (with ) Tj ET Q q 0 0 0 rg BT 136.66 211.00 Td (time-based ) Tj ET Q q 0 0 0 rg BT 173.65 211.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 198.65 211.00 Td (vest ) Tj ET Q q 0 0 0 rg BT 213.42 211.00 Td (in ) Tj ET Q q 0 0 0 rg BT 221.54 211.00 Td (four ) Tj ET Q q 0 0 0 rg BT 236.75 211.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 255.97 211.00 Td (installments ) Tj ET Q q 0 0 0 rg BT 296.52 211.00 Td (on ) Tj ET Q q 0 0 0 rg BT 306.41 211.00 Td (each ) Tj ET Q q 0 0 0 rg BT 322.95 211.00 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 362.16 211.00 Td (of ) Tj ET Q q 0 0 0 rg BT 370.71 211.00 Td (the ) Tj ET Q q 0 0 0 rg BT 382.38 211.00 Td (date ) Tj ET Q q 0 0 0 rg BT 397.59 211.00 Td (of ) Tj ET Q q 0 0 0 rg BT 406.14 211.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 424.47 211.00 Td (other ) Tj ET Q q 0 0 0 rg BT 442.80 211.00 Td (than ) Tj ET Q q 0 0 0 rg BT 458.46 211.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 211.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 488.45 211.00 Td (made ) Tj ET Q q 0 0 0 rg BT 507.66 211.00 Td (on ) Tj ET Q q 0 0 0 rg BT 517.55 211.00 Td (June ) Tj ET Q q 0 0 0 rg BT 534.11 211.00 Td (25, ) Tj ET Q q 0 0 0 rg BT 546.00 211.00 Td (2013 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 201.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.72 201.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.32 201.40 Td (with ) Tj ET Q q 0 0 0 rg BT 113.04 201.40 Td (the ) Tj ET Q q 0 0 0 rg BT 125.32 201.40 Td (employee ) Tj ET Q q 0 0 0 rg BT 158.91 201.40 Td (option ) Tj ET Q q 0 0 0 rg BT 181.86 201.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 214.56 201.40 Td (program ) Tj ET Q q 0 0 0 rg BT 244.16 201.40 Td (described ) Tj ET Q q 0 0 0 rg BT 277.32 201.40 Td (above, ) Tj ET Q q 0 0 0 rg BT 300.92 201.40 Td (which ) Tj ET Q q 0 0 0 rg BT 322.97 201.40 Td (vests ) Tj ET Q q 0 0 0 rg BT 341.47 201.40 Td (in ) Tj ET Q q 0 0 0 rg BT 350.19 201.40 Td (three ) Tj ET Q q 0 0 0 rg BT 368.68 201.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 388.50 201.40 Td (installments ) Tj ET Q q 0 0 0 rg BT 429.67 201.40 Td (on ) Tj ET Q q 0 0 0 rg BT 440.17 201.40 Td (each ) Tj ET Q q 0 0 0 rg BT 457.32 201.40 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 497.14 201.40 Td (of ) Tj ET Q q 0 0 0 rg BT 506.30 201.40 Td (the ) Tj ET Q q 0 0 0 rg BT 518.57 201.40 Td (date ) Tj ET Q q 0 0 0 rg BT 534.40 201.40 Td (of ) Tj ET Q q 0 0 0 rg BT 543.56 201.40 Td (grant. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 191.80 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 84.35 191.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 103.15 191.80 Td (units ) Tj ET Q q 0 0 0 rg BT 120.63 191.80 Td (with ) Tj ET Q q 0 0 0 rg BT 136.77 191.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 179.10 191.80 Td (based ) Tj ET Q q 0 0 0 rg BT 199.24 191.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 224.26 191.80 Td (are ) Tj ET Q q 0 0 0 rg BT 235.95 191.80 Td (eligible ) Tj ET Q q 0 0 0 rg BT 261.85 191.80 Td (for ) Tj ET Q q 0 0 0 rg BT 273.10 191.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 298.13 191.80 Td (over ) Tj ET Q q 0 0 0 rg BT 314.26 191.80 Td (a ) Tj ET Q q 0 0 0 rg BT 319.73 191.80 Td (four) Tj ET Q q 0 0 0 rg BT 332.89 191.80 Td (-year ) Tj ET Q q 0 0 0 rg BT 351.24 191.80 Td (period ) Tj ET Q q 0 0 0 rg BT 373.59 191.80 Td (on ) Tj ET Q q 0 0 0 rg BT 383.51 191.80 Td (each ) Tj ET Q q 0 0 0 rg BT 400.08 191.80 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 439.31 191.80 Td (of ) Tj ET Q q 0 0 0 rg BT 447.90 191.80 Td (the ) Tj ET Q q 0 0 0 rg BT 459.59 191.80 Td (date ) Tj ET Q q 0 0 0 rg BT 474.83 191.80 Td (of ) Tj ET Q q 0 0 0 rg BT 483.41 191.80 Td (grant ) Tj ET Q q 0 0 0 rg BT 501.76 191.80 Td (in ) Tj ET Q q 0 0 0 rg BT 509.90 191.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 547.79 191.80 Td (with ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 61.77 182.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 104.19 182.20 Td (criteria ) Tj ET Q q 0 0 0 rg BT 128.84 182.20 Td (described ) Tj ET Q q 0 0 0 rg BT 161.49 182.20 Td (in ) Tj ET Q q 0 0 0 rg BT 169.71 182.20 Td (the ) Tj ET Q q 0 0 0 rg BT 181.49 182.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 229.71 182.20 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 266.82 182.20 Td (and ) Tj ET Q q 0 0 0 rg BT 279.93 182.20 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 309.93 182.20 Td (Section ) Tj ET Q q 0 0 0 rg BT 335.93 182.20 Td (above ) Tj ET Q q 0 0 0 rg BT 357.03 182.20 Td (under ) Tj ET Q q 0 0 0 rg BT 377.24 182.20 Td (Long-T) Tj ET Q q 0 0 0 rg BT 404.67 182.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 419.11 182.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 442.00 182.20 Td (A) Tj ET Q q 0 0 0 rg BT 447.04 182.20 Td (wards.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (104) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 682.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 682.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 682.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 682.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 682.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 682.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 682.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 656.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 656.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 656.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 656.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 656.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 656.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 656.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 656.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 656.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 630.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 630.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 630.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 630.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 630.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 630.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 630.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 630.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 630.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 604.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 604.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 604.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 604.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 604.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 604.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 604.50 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 604.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 604.50 71.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 735.5 m 261.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 735.5 m 265.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 735.5 m 336.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 735.5 m 340.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 735.5 m 411.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 735.5 m 415.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 735.5 m 486.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 735.5 m 490.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 735.5 m 561.5 735.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 682.5 m 261.5 682.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 682.5 m 336.5 682.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 682.5 m 411.5 682.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 682.5 m 486.5 682.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 682.5 m 561.5 682.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.55 739.73 Td (Outstanding Equity Awards at Fiscal Year End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.40 686.73 Td (Grant date) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.80 702.73 Td (Number of Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 271.40 694.73 Td (of Stock that have) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.65 686.73 Td (not Vested) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.40 702.73 Td (Market Value of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.20 694.73 Td (Units of Stock that) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.30 686.73 Td (have not Vested \(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.30 726.73 Td (Equity Incentive) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.10 718.73 Td (Plan Awards:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.00 710.73 Td (Number of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.30 702.73 Td (unearned Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.10 694.73 Td (that have not) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.60 686.73 Td (Vested) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.30 726.73 Td (Equity Incentive) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.10 718.73 Td (Plan Awards:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 496.80 710.73 Td (Market or Payout) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 495.60 702.73 Td (Value of unearned) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.95 694.73 Td (Units that have) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.30 686.73 Td (not Vested \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 673.75 Td (Michael Del Nin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.30 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.30 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.00 673.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.30 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.30 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.00 673.75 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 673.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 660.75 Td (Christoph Mainusch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.30 660.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.30 660.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.30 660.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.30 660.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 660.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 647.75 Td (David Sturgeon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 647.75 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 647.75 Td (11,250) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.30 647.75 Td (43,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.30 647.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 647.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 634.75 Td (June 13, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 634.75 Td (20,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.30 634.75 Td (76,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.30 634.75 Td (20,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 634.75 Td (76,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 621.75 Td (June 25, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 621.75 Td (19,482) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.30 621.75 Td (74,811) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.30 621.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 621.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 608.75 Td (Daniel Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 608.75 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 608.75 Td (37,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.30 608.75 Td (144,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.30 608.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 608.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 595.75 Td (June 13, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 595.75 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.30 595.75 Td (153,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.30 595.75 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 595.75 Td (153,600) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.30 582.75 Td (June 25, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.30 582.75 Td (29,916) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.30 582.75 Td (114,877) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.30 582.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 582.75 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 566.40 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 566.40 Td (The ) Tj ET Q q 0 0 0 rg BT 100.19 566.40 Td (market ) Tj ET Q q 0 0 0 rg BT 124.15 566.40 Td (value ) Tj ET Q q 0 0 0 rg BT 143.23 566.40 Td (of ) Tj ET Q q 0 0 0 rg BT 151.65 566.40 Td (units ) Tj ET Q q 0 0 0 rg BT 168.96 566.40 Td (of ) Tj ET Q q 0 0 0 rg BT 177.38 566.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 196.02 566.40 Td (that ) Tj ET Q q 0 0 0 rg BT 209.77 566.40 Td (have ) Tj ET Q q 0 0 0 rg BT 226.62 566.40 Td (not ) Tj ET Q q 0 0 0 rg BT 238.60 566.40 Td (vested ) Tj ET Q q 0 0 0 rg BT 260.79 566.40 Td (is ) Tj ET Q q 0 0 0 rg BT 267.88 566.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 286.95 566.40 Td (to ) Tj ET Q q 0 0 0 rg BT 294.93 566.40 Td (the ) Tj ET Q q 0 0 0 rg BT 306.45 566.40 Td (product ) Tj ET Q q 0 0 0 rg BT 332.64 566.40 Td (of ) Tj ET Q q 0 0 0 rg BT 341.06 566.40 Td (the ) Tj ET Q q 0 0 0 rg BT 352.59 566.40 Td (number ) Tj ET Q q 0 0 0 rg BT 378.78 566.40 Td (of ) Tj ET Q q 0 0 0 rg BT 387.20 566.40 Td (units ) Tj ET Q q 0 0 0 rg BT 404.51 566.40 Td (of ) Tj ET Q q 0 0 0 rg BT 412.92 566.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 431.56 566.40 Td (that ) Tj ET Q q 0 0 0 rg BT 445.31 566.40 Td (have ) Tj ET Q q 0 0 0 rg BT 462.17 566.40 Td (not ) Tj ET Q q 0 0 0 rg BT 474.14 566.40 Td (vested ) Tj ET Q q 0 0 0 rg BT 496.33 566.40 Td (and ) Tj ET Q q 0 0 0 rg BT 509.64 566.40 Td (the ) Tj ET Q q 0 0 0 rg BT 521.16 566.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 546.03 566.40 Td (price ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 556.80 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 556.80 Td (our ) Tj ET Q q 0 0 0 rg BT 107.33 556.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 126.22 556.80 Td (A) Tj ET Q q 0 0 0 rg BT 131.56 556.80 Td ( ) Tj ET Q q 0 0 0 rg BT 133.56 556.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 165.34 556.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 185.56 556.80 Td (on ) Tj ET Q q 0 0 0 rg BT 195.56 556.80 Td (December ) Tj ET Q q 0 0 0 rg BT 230.43 556.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.43 556.80 Td (2013.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 544.20 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 544.20 Td (The ) Tj ET Q q 0 0 0 rg BT 100.80 544.20 Td (market ) Tj ET Q q 0 0 0 rg BT 125.37 544.20 Td (value ) Tj ET Q q 0 0 0 rg BT 145.06 544.20 Td (of ) Tj ET Q q 0 0 0 rg BT 154.08 544.20 Td (unearned ) Tj ET Q q 0 0 0 rg BT 185.76 544.20 Td (units ) Tj ET Q q 0 0 0 rg BT 203.68 544.20 Td (of ) Tj ET Q q 0 0 0 rg BT 212.71 544.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 231.95 544.20 Td (is ) Tj ET Q q 0 0 0 rg BT 239.65 544.20 Td (equal ) Tj ET Q q 0 0 0 rg BT 259.34 544.20 Td (to ) Tj ET Q q 0 0 0 rg BT 267.92 544.20 Td (the ) Tj ET Q q 0 0 0 rg BT 280.05 544.20 Td (product ) Tj ET Q q 0 0 0 rg BT 306.85 544.20 Td (of ) Tj ET Q q 0 0 0 rg BT 315.88 544.20 Td (the ) Tj ET Q q 0 0 0 rg BT 328.01 544.20 Td (number ) Tj ET Q q 0 0 0 rg BT 354.81 544.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.84 544.20 Td (unearned ) Tj ET Q q 0 0 0 rg BT 395.52 544.20 Td (units ) Tj ET Q q 0 0 0 rg BT 413.44 544.20 Td (and ) Tj ET Q q 0 0 0 rg BT 427.35 544.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.48 544.20 Td (closing ) Tj ET Q q 0 0 0 rg BT 464.95 544.20 Td (price ) Tj ET Q q 0 0 0 rg BT 483.30 544.20 Td (of ) Tj ET Q q 0 0 0 rg BT 492.33 544.20 Td (our ) Tj ET Q q 0 0 0 rg BT 505.35 544.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 524.53 544.20 Td (A) Tj ET Q q 0 0 0 rg BT 529.87 544.20 Td ( ) Tj ET Q q 0 0 0 rg BT 532.23 544.20 Td (Common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 534.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 106.22 534.60 Td (on ) Tj ET Q q 0 0 0 rg BT 116.22 534.60 Td (December ) Tj ET Q q 0 0 0 rg BT 151.09 534.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 163.09 534.60 Td (2013.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 516.00 Td (Option Exer) Tj ET Q q 0 0 0 rg BT 92.30 516.00 Td (cises and Stock ) Tj ET Q q 0 0 0 rg BT 145.72 516.00 Td (V) Tj ET Q q 0 0 0 rg BT 150.76 516.00 Td (ested) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 500.40 Td (None ) Tj ET Q q 0 0 0 rg BT 69.59 500.40 Td (of ) Tj ET Q q 0 0 0 rg BT 78.52 500.40 Td (our ) Tj ET Q q 0 0 0 rg BT 91.45 500.40 Td (Named ) Tj ET Q q 0 0 0 rg BT 116.81 500.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 151.06 500.40 Td (Of) Tj ET Q q 0 0 0 rg BT 159.36 500.40 Td (ficers ) Tj ET Q q 0 0 0 rg BT 179.39 500.40 Td (exercised ) Tj ET Q q 0 0 0 rg BT 211.85 500.40 Td (any ) Tj ET Q q 0 0 0 rg BT 225.67 500.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.82 500.40 Td (options ) Tj ET Q q 0 0 0 rg BT 270.64 500.40 Td (during ) Tj ET Q q 0 0 0 rg BT 293.79 500.40 Td (the ) Tj ET Q q 0 0 0 rg BT 305.83 500.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 325.42 500.40 Td (year ) Tj ET Q q 0 0 0 rg BT 341.45 500.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 362.81 500.40 Td (December ) Tj ET Q q 0 0 0 rg BT 397.94 500.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.21 500.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 428.47 500.40 Td (and ) Tj ET Q q 0 0 0 rg BT 442.28 500.40 Td (all ) Tj ET Q q 0 0 0 rg BT 452.54 500.40 Td (options ) Tj ET Q q 0 0 0 rg BT 478.37 500.40 Td (held ) Tj ET Q q 0 0 0 rg BT 494.40 500.40 Td (by ) Tj ET Q q 0 0 0 rg BT 504.67 500.40 Td (Named ) Tj ET Q q 0 0 0 rg BT 530.03 500.40 Td (Executive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 490.80 Td (Of) Tj ET Q q 0 0 0 rg BT 58.30 490.80 Td (ficers ) Tj ET Q q 0 0 0 rg BT 77.98 490.80 Td (were ) Tj ET Q q 0 0 0 rg BT 95.44 490.80 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 131.56 490.80 Td (for ) Tj ET Q q 0 0 0 rg BT 142.80 490.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 174.48 490.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.29 490.80 Td (units ) Tj ET Q q 0 0 0 rg BT 210.76 490.80 Td (in ) Tj ET Q q 0 0 0 rg BT 218.90 490.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 255.92 490.80 Td (with ) Tj ET Q q 0 0 0 rg BT 272.06 490.80 Td (the ) Tj ET Q q 0 0 0 rg BT 283.75 490.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 316.76 490.80 Td (option ) Tj ET Q q 0 0 0 rg BT 339.12 490.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 371.24 490.80 Td (program. ) Tj ET Q q 0 0 0 rg BT 402.26 490.80 Td (Set ) Tj ET Q q 0 0 0 rg BT 414.40 490.80 Td (out ) Tj ET Q q 0 0 0 rg BT 426.54 490.80 Td (below ) Tj ET Q q 0 0 0 rg BT 448.01 490.80 Td (are ) Tj ET Q q 0 0 0 rg BT 459.69 490.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 491.37 490.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 510.17 490.80 Td (units ) Tj ET Q q 0 0 0 rg BT 527.65 490.80 Td (that ) Tj ET Q q 0 0 0 rg BT 541.56 490.80 Td (vested ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 481.20 Td (during ) Tj ET Q q 0 0 0 rg BT 72.89 481.20 Td (the ) Tj ET Q q 0 0 0 rg BT 84.66 481.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 103.98 481.20 Td (year ) Tj ET Q q 0 0 0 rg BT 119.75 481.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 140.85 481.20 Td (December ) Tj ET Q q 0 0 0 rg BT 175.72 481.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 187.72 481.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 207.72 481.20 Td (Neither ) Tj ET Q q 0 0 0 rg BT 233.71 481.20 Td (Michael ) Tj ET Q q 0 0 0 rg BT 261.92 481.20 Td (Del ) Tj ET Q q 0 0 0 rg BT 275.47 481.20 Td (Nin ) Tj ET Q q 0 0 0 rg BT 289.47 481.20 Td (nor ) Tj ET Q q 0 0 0 rg BT 302.13 481.20 Td (Christoph ) Tj ET Q q 0 0 0 rg BT 335.69 481.20 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 369.24 481.20 Td (held ) Tj ET Q q 0 0 0 rg BT 385.02 481.20 Td (any ) Tj ET Q q 0 0 0 rg BT 398.57 481.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 430.33 481.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 449.21 481.20 Td (units ) Tj ET Q q 0 0 0 rg BT 466.77 481.20 Td (at ) Tj ET Q q 0 0 0 rg BT 474.55 481.20 Td (December ) Tj ET Q q 0 0 0 rg BT 509.41 481.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 521.41 481.20 Td (2013.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 434.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 434.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 434.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 434.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 434.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 404.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 404.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 404.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 404.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 404.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 374.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 374.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 374.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 374.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 374.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 344.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 344.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 344.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 344.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 344.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 314.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 314.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 314.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 314.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 314.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 314.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 284.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 284.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 284.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 284.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 284.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 284.70 121.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 455.70000000000005 m 311.5 455.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 455.70000000000005 m 315.5 455.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 455.70000000000005 m 436.5 455.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 455.70000000000005 m 440.5 455.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 455.70000000000005 m 561.5 455.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 434.70000000000005 m 311.5 434.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 434.70000000000005 m 436.5 434.70000000000005 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 434.70000000000005 m 561.5 434.70000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.80 459.93 Td (Stock Vested) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 269.10 438.93 Td (Grant Date) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.25 446.93 Td (Number of Shares of Stock) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.00 438.93 Td (Acquired upon Vesting of Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.40 446.93 Td (Market Value of Units of Stock) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.65 438.93 Td (that have Vested \(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 423.95 Td (David Sturgeon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 423.95 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 423.95 Td (3,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 423.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 423.95 Td (12,113) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 408.95 Td (Daniel Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 408.95 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 408.95 Td (12,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 408.95 Td (38,375) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 393.95 Td (Adrian Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 393.95 Td (June 13, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 393.95 Td (120,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 393.95 Td (448,800) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 378.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 378.95 Td (June 25, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.30 378.95 Td (151,425) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 378.95 Td (566,330) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 363.95 Td (David Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 363.95 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 363.95 Td (15,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 363.95 Td (48,450) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 348.95 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 348.95 Td (45,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 348.95 Td (107,550) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 333.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 333.95 Td (June 13, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 333.95 Td (80,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 333.95 Td (191,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 318.95 Td (June 25, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 318.95 Td (79,998) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 318.95 Td (191,195) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 303.95 Td (Anthony Chhoy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 303.95 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 303.95 Td (15,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 303.95 Td (48,450) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 288.95 Td (June 14, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 288.95 Td (45,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 288.95 Td (107,550) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 273.95 Td (June 13, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 273.95 Td (52,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 273.95 Td (125,475) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 258.95 Td (June 25, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 258.95 Td (26,634) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 258.95 Td (63,655) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 242.60 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 242.60 Td (The ) Tj ET Q q 0 0 0 rg BT 100.30 242.60 Td (market ) Tj ET Q q 0 0 0 rg BT 124.38 242.60 Td (value ) Tj ET Q q 0 0 0 rg BT 143.57 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.09 242.60 Td (units ) Tj ET Q q 0 0 0 rg BT 169.52 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.04 242.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 196.80 242.60 Td (that ) Tj ET Q q 0 0 0 rg BT 210.66 242.60 Td (have ) Tj ET Q q 0 0 0 rg BT 227.62 242.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 249.92 242.60 Td (was ) Tj ET Q q 0 0 0 rg BT 264.23 242.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 302.08 242.60 Td (by ) Tj ET Q q 0 0 0 rg BT 311.94 242.60 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 351.14 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.78 242.60 Td (number ) Tj ET Q q 0 0 0 rg BT 389.08 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 397.61 242.60 Td (units ) Tj ET Q q 0 0 0 rg BT 415.03 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.56 242.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 442.31 242.60 Td (that ) Tj ET Q q 0 0 0 rg BT 456.17 242.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 478.47 242.60 Td (by ) Tj ET Q q 0 0 0 rg BT 488.34 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 499.98 242.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 524.95 242.60 Td (price ) Tj ET Q q 0 0 0 rg BT 542.80 242.60 Td (of ) Tj ET Q q 0 0 0 rg BT 551.33 242.60 Td (our ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 233.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 104.89 233.00 Td (A) Tj ET Q q 0 0 0 rg BT 110.23 233.00 Td ( ) Tj ET Q q 0 0 0 rg BT 112.23 233.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 144.01 233.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 164.23 233.00 Td (on ) Tj ET Q q 0 0 0 rg BT 174.23 233.00 Td (the ) Tj ET Q q 0 0 0 rg BT 186.01 233.00 Td (date ) Tj ET Q q 0 0 0 rg BT 201.33 233.00 Td (such ) Tj ET Q q 0 0 0 rg BT 218.00 233.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.88 233.00 Td (was ) Tj ET Q q 0 0 0 rg BT 251.32 233.00 Td (vested.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 217.40 Td (In ) Tj ET Q q 0 0 0 rg BT 58.46 217.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.34 217.40 Td (with ) Tj ET Q q 0 0 0 rg BT 111.36 217.40 Td (the ) Tj ET Q q 0 0 0 rg BT 122.92 217.40 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 143.38 217.40 Td (Separation ) Tj ET Q q 0 0 0 rg BT 178.98 217.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 218.31 217.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.88 217.40 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 277.89 217.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 315.23 217.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 338.34 217.40 Td (to ) Tj ET Q q 0 0 0 rg BT 346.35 217.40 Td (vest ) Tj ET Q q 0 0 0 rg BT 361.03 217.40 Td (all ) Tj ET Q q 0 0 0 rg BT 370.82 217.40 Td (271,425 ) Tj ET Q q 0 0 0 rg BT 398.61 217.40 Td (unvested ) Tj ET Q q 0 0 0 rg BT 428.83 217.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 460.39 217.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 479.07 217.40 Td (units ) Tj ET Q q 0 0 0 rg BT 496.42 217.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 522.19 217.40 Td (to ) Tj ET Q q 0 0 0 rg BT 530.21 217.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 539.54 217.40 Td (. ) Tj ET Q q 0 0 0 rg BT 543.33 217.40 Td (Sarbu ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 207.80 Td (following ) Tj ET Q q 0 0 0 rg BT 83.60 207.80 Td (the ) Tj ET Q q 0 0 0 rg BT 95.86 207.80 Td (final ) Tj ET Q q 0 0 0 rg BT 113.01 207.80 Td (date ) Tj ET Q q 0 0 0 rg BT 128.82 207.80 Td (of ) Tj ET Q q 0 0 0 rg BT 137.98 207.80 Td (his ) Tj ET Q q 0 0 0 rg BT 149.80 207.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 192.28 207.80 Td (on ) Tj ET Q q 0 0 0 rg BT 202.77 207.80 Td (December ) Tj ET Q q 0 0 0 rg BT 238.13 207.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.62 207.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 271.11 207.80 Td (In ) Tj ET Q q 0 0 0 rg BT 280.26 207.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 318.72 207.80 Td (with ) Tj ET Q q 0 0 0 rg BT 335.43 207.80 Td (the ) Tj ET Q q 0 0 0 rg BT 347.69 207.80 Td (terms ) Tj ET Q q 0 0 0 rg BT 367.96 207.80 Td (of ) Tj ET Q q 0 0 0 rg BT 377.11 207.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 386.45 207.80 Td (. ) Tj ET Q q 0 0 0 rg BT 390.94 207.80 Td (Sach) Tj ET Q q 0 0 0 rg BT 408.71 207.80 Td (s ) Tj ET Q q 0 0 0 rg BT 414.31 207.80 Td (employment ) Tj ET Q q 0 0 0 rg BT 456.79 207.80 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 494.59 207.80 Td (all ) Tj ET Q q 0 0 0 rg BT 505.08 207.80 Td (204,998 ) Tj ET Q q 0 0 0 rg BT 533.57 207.80 Td (unvested ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 198.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 81.35 198.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 99.83 198.20 Td (units ) Tj ET Q q 0 0 0 rg BT 116.98 198.20 Td (granted ) Tj ET Q q 0 0 0 rg BT 142.55 198.20 Td (to ) Tj ET Q q 0 0 0 rg BT 150.37 198.20 Td (him ) Tj ET Q q 0 0 0 rg BT 164.40 198.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 186.43 198.20 Td (following ) Tj ET Q q 0 0 0 rg BT 219.13 198.20 Td (the ) Tj ET Q q 0 0 0 rg BT 230.49 198.20 Td (termination ) Tj ET Q q 0 0 0 rg BT 268.96 198.20 Td (of ) Tj ET Q q 0 0 0 rg BT 277.21 198.20 Td (his ) Tj ET Q q 0 0 0 rg BT 288.14 198.20 Td (employment ) Tj ET Q q 0 0 0 rg BT 329.72 198.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 364.63 198.20 Td (on ) Tj ET Q q 0 0 0 rg BT 374.21 198.20 Td (October ) Tj ET Q q 0 0 0 rg BT 401.57 198.20 Td (29, ) Tj ET Q q 0 0 0 rg BT 413.16 198.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 432.75 198.20 Td (In ) Tj ET Q q 0 0 0 rg BT 441.00 198.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 477.69 198.20 Td (with ) Tj ET Q q 0 0 0 rg BT 493.50 198.20 Td (the ) Tj ET Q q 0 0 0 rg BT 504.87 198.20 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 527.79 198.20 Td (Separation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 188.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 88.93 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.10 188.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 147.71 188.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 184.65 188.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 207.36 188.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.97 188.60 Td (vest ) Tj ET Q q 0 0 0 rg BT 229.25 188.60 Td (124,134 ) Tj ET Q q 0 0 0 rg BT 256.64 188.60 Td (unvested ) Tj ET Q q 0 0 0 rg BT 286.47 188.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 317.62 188.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 335.90 188.60 Td (units ) Tj ET Q q 0 0 0 rg BT 352.85 188.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 378.23 188.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.85 188.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 395.18 188.60 Td (. ) Tj ET Q q 0 0 0 rg BT 398.57 188.60 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 421.30 188.60 Td (following ) Tj ET Q q 0 0 0 rg BT 453.80 188.60 Td (the ) Tj ET Q q 0 0 0 rg BT 464.97 188.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 503.24 188.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.29 188.60 Td (his ) Tj ET Q q 0 0 0 rg BT 522.02 188.60 Td (employment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 179.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 85.31 179.00 Td (on ) Tj ET Q q 0 0 0 rg BT 95.31 179.00 Td (November ) Tj ET Q q 0 0 0 rg BT 131.08 179.00 Td (15, ) Tj ET Q q 0 0 0 rg BT 143.08 179.00 Td (2013.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (P) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.45 743.50 Td (otential Payments upon ) Tj ET Q q 0 0 0 rg BT 136.75 743.50 Td (T) Tj ET Q q 0 0 0 rg BT 141.36 743.50 Td (ermination or) Tj ET Q q 0 0 0 rg BT 188.54 743.50 Td ( Change of Contr) Tj ET Q q 0 0 0 rg BT 247.72 743.50 Td (ol) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.90 Td (Set ) Tj ET Q q 0 0 0 rg BT 62.00 727.90 Td (out ) Tj ET Q q 0 0 0 rg BT 73.99 727.90 Td (below ) Tj ET Q q 0 0 0 rg BT 95.32 727.90 Td (is ) Tj ET Q q 0 0 0 rg BT 102.43 727.90 Td (information ) Tj ET Q q 0 0 0 rg BT 141.97 727.90 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 174.39 727.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 220.60 727.90 Td (that ) Tj ET Q q 0 0 0 rg BT 234.37 727.90 Td (may ) Tj ET Q q 0 0 0 rg BT 249.91 727.90 Td (be ) Tj ET Q q 0 0 0 rg BT 259.24 727.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 285.89 727.90 Td (to ) Tj ET Q q 0 0 0 rg BT 293.88 727.90 Td (each ) Tj ET Q q 0 0 0 rg BT 310.31 727.90 Td (of ) Tj ET Q q 0 0 0 rg BT 318.75 727.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.29 727.90 Td (Named ) Tj ET Q q 0 0 0 rg BT 355.17 727.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 388.93 727.90 Td (Of) Tj ET Q q 0 0 0 rg BT 397.22 727.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 416.76 727.90 Td (in ) Tj ET Q q 0 0 0 rg BT 424.76 727.90 Td (the ) Tj ET Q q 0 0 0 rg BT 436.30 727.90 Td (event ) Tj ET Q q 0 0 0 rg BT 455.40 727.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.84 727.90 Td (the ) Tj ET Q q 0 0 0 rg BT 475.39 727.90 Td (termination ) Tj ET Q q 0 0 0 rg BT 514.04 727.90 Td (of ) Tj ET Q q 0 0 0 rg BT 522.48 727.90 Td (such ) Tj ET Q q 0 0 0 rg BT 538.91 727.90 Td (Named ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 83.75 718.30 Td (Of) Tj ET Q q 0 0 0 rg BT 92.04 718.30 Td (ficer) Tj ET Q q 0 0 0 rg BT 106.99 718.30 Td () Tj ET Q q 0 0 0 rg BT 109.21 718.30 Td (s ) Tj ET Q q 0 0 0 rg BT 114.09 718.30 Td (employment. ) Tj ET Q q 0 0 0 rg BT 157.71 718.30 Td (The ) Tj ET Q q 0 0 0 rg BT 171.91 718.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 197.67 718.30 Td (of ) Tj ET Q q 0 0 0 rg BT 206.09 718.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 252.29 718.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 278.92 718.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 296.68 718.30 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 329.10 718.30 Td (termination, ) Tj ET Q q 0 0 0 rg BT 369.74 718.30 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 408.39 718.30 Td (termination ) Tj ET Q q 0 0 0 rg BT 447.03 718.30 Td (\(other ) Tj ET Q q 0 0 0 rg BT 467.89 718.30 Td (than ) Tj ET Q q 0 0 0 rg BT 483.42 718.30 Td (for ) Tj ET Q q 0 0 0 rg BT 494.51 718.30 Td (cause\) ) Tj ET Q q 0 0 0 rg BT 516.70 718.30 Td (or ) Tj ET Q q 0 0 0 rg BT 525.13 718.30 Td (termination ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.70 Td (for ) Tj ET Q q 0 0 0 rg BT 60.96 708.70 Td (cause ) Tj ET Q q 0 0 0 rg BT 80.35 708.70 Td (is ) Tj ET Q q 0 0 0 rg BT 87.31 708.70 Td (described ) Tj ET Q q 0 0 0 rg BT 119.59 708.70 Td (below) Tj ET Q q 0 0 0 rg BT 138.63 708.70 Td (. ) Tj ET Q q 0 0 0 rg BT 142.14 708.70 Td (W) Tj ET Q q 0 0 0 rg BT 149.05 708.70 Td (e ) Tj ET Q q 0 0 0 rg BT 154.22 708.70 Td (do ) Tj ET Q q 0 0 0 rg BT 163.85 708.70 Td (not ) Tj ET Q q 0 0 0 rg BT 175.70 708.70 Td (have ) Tj ET Q q 0 0 0 rg BT 192.43 708.70 Td (any ) Tj ET Q q 0 0 0 rg BT 205.61 708.70 Td (severance ) Tj ET Q q 0 0 0 rg BT 238.77 708.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 273.71 708.70 Td (or ) Tj ET Q q 0 0 0 rg BT 282.00 708.70 Td (any ) Tj ET Q q 0 0 0 rg BT 295.18 708.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 330.12 708.70 Td (providing ) Tj ET Q q 0 0 0 rg BT 362.86 708.70 Td (for ) Tj ET Q q 0 0 0 rg BT 373.81 708.70 Td (any ) Tj ET Q q 0 0 0 rg BT 386.99 708.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 413.50 708.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 445.78 708.70 Td (\(commonly ) Tj ET Q q 0 0 0 rg BT 484.30 708.70 Td (referred ) Tj ET Q q 0 0 0 rg BT 511.23 708.70 Td (to ) Tj ET Q q 0 0 0 rg BT 519.08 708.70 Td (as ) Tj ET Q q 0 0 0 rg BT 527.37 708.70 Td (parachute ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.10 Td (payments\) ) Tj ET Q q 0 0 0 rg BT 89.26 699.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 107.65 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.59 699.10 Td (change ) Tj ET Q q 0 0 0 rg BT 138.63 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.68 699.10 Td (control ) Tj ET Q q 0 0 0 rg BT 172.73 699.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.34 699.10 Td (any ) Tj ET Q q 0 0 0 rg BT 203.28 699.10 Td (Named ) Tj ET Q q 0 0 0 rg BT 228.77 699.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 263.14 699.10 Td (Of) Tj ET Q q 0 0 0 rg BT 271.44 699.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 285.65 699.10 Td (. ) Tj ET Q q 0 0 0 rg BT 290.03 699.10 Td (However) Tj ET Q q 0 0 0 rg BT 319.03 699.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.42 699.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 345.81 699.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 377.51 699.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 402.56 699.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 428.93 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.54 699.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 474.14 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.08 699.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 518.46 699.10 Td (automatically ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.50 Td (become ) Tj ET Q q 0 0 0 rg BT 77.07 689.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 99.71 689.50 Td (on ) Tj ET Q q 0 0 0 rg BT 109.91 689.50 Td (a ) Tj ET Q q 0 0 0 rg BT 115.66 689.50 Td (change ) Tj ET Q q 0 0 0 rg BT 140.51 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 149.38 689.50 Td (control ) Tj ET Q q 0 0 0 rg BT 174.23 689.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 203.98 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 212.41 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 224.38 689.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 244.80 689.50 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 276.76 689.50 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 295.18 689.50 Td (Except ) Tj ET Q q 0 0 0 rg BT 319.59 689.50 Td (as ) Tj ET Q q 0 0 0 rg BT 328.46 689.50 Td (set ) Tj ET Q q 0 0 0 rg BT 339.54 689.50 Td (out ) Tj ET Q q 0 0 0 rg BT 351.96 689.50 Td (below) Tj ET Q q 0 0 0 rg BT 371.00 689.50 Td (, ) Tj ET Q q 0 0 0 rg BT 375.20 689.50 Td (a ) Tj ET Q q 0 0 0 rg BT 380.95 689.50 Td (change ) Tj ET Q q 0 0 0 rg BT 409.35 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 418.21 689.50 Td (control ) Tj ET Q q 0 0 0 rg BT 446.62 689.50 Td (for ) Tj ET Q q 0 0 0 rg BT 458.15 689.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 488.79 689.50 Td (hereof ) Tj ET Q q 0 0 0 rg BT 511.42 689.50 Td (refers ) Tj ET Q q 0 0 0 rg BT 531.82 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 540.25 689.50 Td (certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 679.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 82.35 679.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 122.70 679.90 Td (\(including ) Tj ET Q q 0 0 0 rg BT 157.73 679.90 Td (a ) Tj ET Q q 0 0 0 rg BT 163.43 679.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 178.01 679.90 Td (of ) Tj ET Q q 0 0 0 rg BT 186.82 679.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 229.40 679.90 Td (all ) Tj ET Q q 0 0 0 rg BT 239.54 679.90 Td (of ) Tj ET Q q 0 0 0 rg BT 248.35 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 260.27 679.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 281.08 679.90 Td (of ) Tj ET Q q 0 0 0 rg BT 289.89 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 301.80 679.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.06 679.90 Td (and ) Tj ET Q q 0 0 0 rg BT 348.75 679.90 Td (a ) Tj ET Q q 0 0 0 rg BT 354.45 679.90 Td (mer) Tj ET Q q 0 0 0 rg BT 366.74 679.90 Td (ger ) Tj ET Q q 0 0 0 rg BT 379.10 679.90 Td (or ) Tj ET Q q 0 0 0 rg BT 387.91 679.90 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 433.16 679.90 Td (where ) Tj ET Q q 0 0 0 rg BT 454.85 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 466.77 679.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 500.02 679.90 Td (is ) Tj ET Q q 0 0 0 rg BT 507.50 679.90 Td (not ) Tj ET Q q 0 0 0 rg BT 519.87 679.90 Td (the ) Tj ET Q q 0 0 0 rg BT 531.79 679.90 Td (surviving ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 670.30 Td (entity\) ) Tj ET Q q 0 0 0 rg BT 72.88 670.30 Td (as ) Tj ET Q q 0 0 0 rg BT 81.55 670.30 Td (set ) Tj ET Q q 0 0 0 rg BT 92.43 670.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 109.98 670.30 Td (in ) Tj ET Q q 0 0 0 rg BT 118.21 670.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.98 670.30 Td (Company) Tj ET Q q 0 0 0 rg BT 163.31 670.30 Td (s ) Tj ET Q q 0 0 0 rg BT 168.43 670.30 Td (option ) Tj ET Q q 0 0 0 rg BT 190.87 670.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 229.30 670.30 Td (that ) Tj ET Q q 0 0 0 rg BT 243.29 670.30 Td (are ) Tj ET Q q 0 0 0 rg BT 255.06 670.30 Td (customarily ) Tj ET Q q 0 0 0 rg BT 294.83 670.30 Td (regarded ) Tj ET Q q 0 0 0 rg BT 324.81 670.30 Td (as ) Tj ET Q q 0 0 0 rg BT 333.47 670.30 Td (a ) Tj ET Q q 0 0 0 rg BT 339.02 670.30 Td (change ) Tj ET Q q 0 0 0 rg BT 363.68 670.30 Td (of ) Tj ET Q q 0 0 0 rg BT 372.34 670.30 Td (control.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 654.70 Td (The ) Tj ET Q q 0 0 0 rg BT 64.45 654.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 93.56 654.70 Td (shown ) Tj ET Q q 0 0 0 rg BT 116.46 654.70 Td (below ) Tj ET Q q 0 0 0 rg BT 138.02 654.70 Td (assume ) Tj ET Q q 0 0 0 rg BT 163.58 654.70 Td (that ) Tj ET Q q 0 0 0 rg BT 177.59 654.70 Td (such ) Tj ET Q q 0 0 0 rg BT 194.26 654.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 233.15 654.70 Td (or ) Tj ET Q q 0 0 0 rg BT 241.82 654.70 Td (change ) Tj ET Q q 0 0 0 rg BT 266.48 654.70 Td (of ) Tj ET Q q 0 0 0 rg BT 275.16 654.70 Td (control ) Tj ET Q q 0 0 0 rg BT 299.82 654.70 Td (was ) Tj ET Q q 0 0 0 rg BT 314.27 654.70 Td (ef) Tj ET Q q 0 0 0 rg BT 320.34 654.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 344.12 654.70 Td (as ) Tj ET Q q 0 0 0 rg BT 352.79 654.70 Td (of ) Tj ET Q q 0 0 0 rg BT 361.46 654.70 Td (December ) Tj ET Q q 0 0 0 rg BT 396.34 654.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 408.35 654.70 Td (2013. ) Tj ET Q q 0 0 0 rg BT 428.21 654.70 Td (The ) Tj ET Q q 0 0 0 rg BT 442.66 654.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 471.77 654.70 Td (do ) Tj ET Q q 0 0 0 rg BT 481.78 654.70 Td (not ) Tj ET Q q 0 0 0 rg BT 494.01 654.70 Td (include ) Tj ET Q q 0 0 0 rg BT 519.57 654.70 Td (salary ) Tj ET Q q 0 0 0 rg BT 540.68 654.70 Td (earned ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 645.10 Td (through ) Tj ET Q q 0 0 0 rg BT 76.19 645.10 Td (such ) Tj ET Q q 0 0 0 rg BT 92.16 645.10 Td (period ) Tj ET Q q 0 0 0 rg BT 113.90 645.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 137.42 645.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.06 645.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 173.34 645.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.87 645.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.95 645.10 Td (Summary ) Tj ET Q q 0 0 0 rg BT 224.36 645.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 271.79 645.10 Td (T) Tj ET Q q 0 0 0 rg BT 276.12 645.10 Td (able\) ) Tj ET Q q 0 0 0 rg BT 293.41 645.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.38 645.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 327.55 645.10 Td (vacation ) Tj ET Q q 0 0 0 rg BT 355.96 645.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 373.83 645.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.57 645.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 415.99 645.10 Td (below ) Tj ET Q q 0 0 0 rg BT 436.84 645.10 Td (also ) Tj ET Q q 0 0 0 rg BT 451.03 645.10 Td (do ) Tj ET Q q 0 0 0 rg BT 460.34 645.10 Td (not ) Tj ET Q q 0 0 0 rg BT 471.87 645.10 Td (include ) Tj ET Q q 0 0 0 rg BT 496.72 645.10 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 532.68 645.10 Td (incentive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 635.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 65.19 635.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 111.04 635.50 Td (or ) Tj ET Q q 0 0 0 rg BT 119.12 635.50 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 162.30 635.50 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 189.50 635.50 Td (for ) Tj ET Q q 0 0 0 rg BT 200.24 635.50 Td (any ) Tj ET Q q 0 0 0 rg BT 213.21 635.50 Td (Named ) Tj ET Q q 0 0 0 rg BT 237.73 635.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 271.13 635.50 Td (Of) Tj ET Q q 0 0 0 rg BT 279.42 635.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 298.61 635.50 Td (actually ) Tj ET Q q 0 0 0 rg BT 325.34 635.50 Td (awarded ) Tj ET Q q 0 0 0 rg BT 353.86 635.50 Td (in ) Tj ET Q q 0 0 0 rg BT 361.50 635.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 385.56 635.50 Td (of ) Tj ET Q q 0 0 0 rg BT 393.65 635.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.84 635.50 Td (year ) Tj ET Q q 0 0 0 rg BT 420.02 635.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 440.54 635.50 Td (December ) Tj ET Q q 0 0 0 rg BT 474.82 635.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 486.24 635.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 503.66 635.50 Td (\(which ) Tj ET Q q 0 0 0 rg BT 527.29 635.50 Td (is ) Tj ET Q q 0 0 0 rg BT 534.04 635.50 Td (reflected ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 625.90 Td (in ) Tj ET Q q 0 0 0 rg BT 58.43 625.90 Td (the ) Tj ET Q q 0 0 0 rg BT 70.42 625.90 Td (Summary ) Tj ET Q q 0 0 0 rg BT 103.74 625.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 152.01 625.90 Td (T) Tj ET Q q 0 0 0 rg BT 156.34 625.90 Td (able\). ) Tj ET Q q 0 0 0 rg BT 176.54 625.90 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 211.19 625.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 230.28 625.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 244.94 625.90 Td (values ) Tj ET Q q 0 0 0 rg BT 267.59 625.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 299.12 625.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.10 625.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 336.43 625.90 Td (price ) Tj ET Q q 0 0 0 rg BT 354.63 625.90 Td (of ) Tj ET Q q 0 0 0 rg BT 363.50 625.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 385.71 625.90 Td (of ) Tj ET Q q 0 0 0 rg BT 394.58 625.90 Td (our ) Tj ET Q q 0 0 0 rg BT 407.46 625.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 426.52 625.90 Td (A) Tj ET Q q 0 0 0 rg BT 431.85 625.90 Td ( ) Tj ET Q q 0 0 0 rg BT 434.07 625.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 466.06 625.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 486.49 625.90 Td (on ) Tj ET Q q 0 0 0 rg BT 496.71 625.90 Td (December ) Tj ET Q q 0 0 0 rg BT 531.78 625.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 544.00 625.90 Td (2013. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 616.30 Td (The ) Tj ET Q q 0 0 0 rg BT 64.49 616.30 Td (numbers ) Tj ET Q q 0 0 0 rg BT 94.09 616.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 126.79 616.30 Td (below ) Tj ET Q q 0 0 0 rg BT 148.39 616.30 Td (are ) Tj ET Q q 0 0 0 rg BT 160.21 616.30 Td (for ) Tj ET Q q 0 0 0 rg BT 171.58 616.30 Td (illustrative ) Tj ET Q q 0 0 0 rg BT 207.85 616.30 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 239.89 616.30 Td (Actual ) Tj ET Q q 0 0 0 rg BT 263.26 616.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 292.42 616.30 Td (that ) Tj ET Q q 0 0 0 rg BT 306.47 616.30 Td (may ) Tj ET Q q 0 0 0 rg BT 322.29 616.30 Td (be ) Tj ET Q q 0 0 0 rg BT 331.89 616.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 358.81 616.30 Td (or ) Tj ET Q q 0 0 0 rg BT 367.53 616.30 Td (will ) Tj ET Q q 0 0 0 rg BT 382.02 616.30 Td (be ) Tj ET Q q 0 0 0 rg BT 391.62 616.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 407.45 616.30 Td (can ) Tj ET Q q 0 0 0 rg BT 420.60 616.30 Td (only ) Tj ET Q q 0 0 0 rg BT 436.87 616.30 Td (be ) Tj ET Q q 0 0 0 rg BT 446.47 616.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 484.51 616.30 Td (at ) Tj ET Q q 0 0 0 rg BT 492.33 616.30 Td (the ) Tj ET Q q 0 0 0 rg BT 504.15 616.30 Td (time ) Tj ET Q q 0 0 0 rg BT 520.42 616.30 Td (of ) Tj ET Q q 0 0 0 rg BT 529.14 616.30 Td (separation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 606.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 606.70 Td (a ) Tj ET Q q 0 0 0 rg BT 67.34 606.70 Td (Named ) Tj ET Q q 0 0 0 rg BT 94.01 606.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 129.55 606.70 Td (Of) Tj ET Q q 0 0 0 rg BT 137.85 606.70 Td (ficer ) Tj ET Q q 0 0 0 rg BT 156.06 606.70 Td (from ) Tj ET Q q 0 0 0 rg BT 175.18 606.70 Td (the ) Tj ET Q q 0 0 0 rg BT 188.52 606.70 Td (Company) Tj ET Q q 0 0 0 rg BT 219.10 606.70 Td (. ) Tj ET Q q 0 0 0 rg BT 224.67 606.70 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 253.12 606.70 Td (currency ) Tj ET Q q 0 0 0 rg BT 284.66 606.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 315.33 606.70 Td (set ) Tj ET Q q 0 0 0 rg BT 327.78 606.70 Td (out ) Tj ET Q q 0 0 0 rg BT 341.57 606.70 Td (below ) Tj ET Q q 0 0 0 rg BT 364.68 606.70 Td (have ) Tj ET Q q 0 0 0 rg BT 383.35 606.70 Td (been ) Tj ET Q q 0 0 0 rg BT 402.01 606.70 Td (translated ) Tj ET Q q 0 0 0 rg BT 436.67 606.70 Td (using ) Tj ET Q q 0 0 0 rg BT 457.57 606.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.91 606.70 Td (exchange ) Tj ET Q q 0 0 0 rg BT 504.67 606.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 520.23 606.70 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 556.22 606.70 Td (at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (December31,2013.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 578.50 Td (Michael ) Tj ET Q q 0 0 0 rg BT 79.11 578.50 Td (Del ) Tj ET Q q 0 0 0 rg BT 92.66 578.50 Td (Nin) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 562.90 Td (Payments ) Tj ET Q q 0 0 0 rg BT 83.10 562.90 Td (under ) Tj ET Q q 0 0 0 rg BT 103.77 562.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 144.42 562.90 Td (agr) Tj ET Q q 0 0 0 rg BT 155.23 562.90 Td (eement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 547.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 547.30 Td (. ) Tj ET Q q 0 0 0 rg BT 62.89 547.30 Td (Del ) Tj ET Q q 0 0 0 rg BT 75.99 547.30 Td (Nin ) Tj ET Q q 0 0 0 rg BT 89.54 547.30 Td (has ) Tj ET Q q 0 0 0 rg BT 101.76 547.30 Td (an ) Tj ET Q q 0 0 0 rg BT 110.87 547.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 152.41 547.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 187.28 547.30 Td (for ) Tj ET Q q 0 0 0 rg BT 198.16 547.30 Td (an ) Tj ET Q q 0 0 0 rg BT 207.26 547.30 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 239.47 547.30 Td (term. ) Tj ET Q q 0 0 0 rg BT 257.68 547.30 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 287.23 547.30 Td (to ) Tj ET Q q 0 0 0 rg BT 295.01 547.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 304.35 547.30 Td (. ) Tj ET Q q 0 0 0 rg BT 307.90 547.30 Td (Del ) Tj ET Q q 0 0 0 rg BT 321.00 547.30 Td (Nin) Tj ET Q q 0 0 0 rg BT 335.22 547.30 Td (s ) Tj ET Q q 0 0 0 rg BT 339.89 547.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 381.44 547.30 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 418.30 547.30 Td (we ) Tj ET Q q 0 0 0 rg BT 429.18 547.30 Td (may ) Tj ET Q q 0 0 0 rg BT 444.51 547.30 Td (terminate ) Tj ET Q q 0 0 0 rg BT 476.27 547.30 Td (his ) Tj ET Q q 0 0 0 rg BT 487.16 547.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 528.70 547.30 Td (agreement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 537.70 Td (at ) Tj ET Q q 0 0 0 rg BT 58.24 537.70 Td (any ) Tj ET Q q 0 0 0 rg BT 72.25 537.70 Td (time. ) Tj ET Q q 0 0 0 rg BT 90.94 537.70 Td (If ) Tj ET Q q 0 0 0 rg BT 98.73 537.70 Td (we ) Tj ET Q q 0 0 0 rg BT 110.52 537.70 Td (give ) Tj ET Q q 0 0 0 rg BT 126.76 537.70 Td (notice ) Tj ET Q q 0 0 0 rg BT 148.77 537.70 Td (of ) Tj ET Q q 0 0 0 rg BT 157.90 537.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 197.25 537.70 Td (to ) Tj ET Q q 0 0 0 rg BT 205.93 537.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 215.27 537.70 Td (. ) Tj ET Q q 0 0 0 rg BT 219.73 537.70 Td (Del ) Tj ET Q q 0 0 0 rg BT 233.75 537.70 Td (Nin, ) Tj ET Q q 0 0 0 rg BT 250.21 537.70 Td (his ) Tj ET Q q 0 0 0 rg BT 262.02 537.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 304.47 537.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 340.25 537.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 357.82 537.70 Td (terminate ) Tj ET Q q 0 0 0 rg BT 390.50 537.70 Td (with ) Tj ET Q q 0 0 0 rg BT 407.18 537.70 Td (immediate ) Tj ET Q q 0 0 0 rg BT 443.41 537.70 Td (ef) Tj ET Q q 0 0 0 rg BT 449.48 537.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 463.94 537.70 Td (and ) Tj ET Q q 0 0 0 rg BT 477.95 537.70 Td (the ) Tj ET Q q 0 0 0 rg BT 490.19 537.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.77 537.70 Td (will ) Tj ET Q q 0 0 0 rg BT 538.68 537.70 Td (make ) Tj ET Q q 0 0 0 rg BT 558.46 537.70 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 79.63 528.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 99.04 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.35 528.10 Td (two ) Tj ET Q q 0 0 0 rg BT 121.44 528.10 Td (times ) Tj ET Q q 0 0 0 rg BT 140.86 528.10 Td (his ) Tj ET Q q 0 0 0 rg BT 152.28 528.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 175.69 528.10 Td (salary) Tj ET Q q 0 0 0 rg BT 194.28 528.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.36 528.10 Td (In ) Tj ET Q q 0 0 0 rg BT 207.11 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.97 528.10 Td (event ) Tj ET Q q 0 0 0 rg BT 238.39 528.10 Td (we ) Tj ET Q q 0 0 0 rg BT 249.80 528.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 282.09 528.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 291.43 528.10 Td (. ) Tj ET Q q 0 0 0 rg BT 295.52 528.10 Td (Del ) Tj ET Q q 0 0 0 rg BT 309.16 528.10 Td (Nin) Tj ET Q q 0 0 0 rg BT 323.38 528.10 Td (s ) Tj ET Q q 0 0 0 rg BT 328.58 528.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 370.66 528.10 Td (after ) Tj ET Q q 0 0 0 rg BT 387.40 528.10 Td (January ) Tj ET Q q 0 0 0 rg BT 414.36 528.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 422.45 528.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 442.54 528.10 Td (he ) Tj ET Q q 0 0 0 rg BT 452.17 528.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.60 528.10 Td (also ) Tj ET Q q 0 0 0 rg BT 474.57 528.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 500.65 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.96 528.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.60 528.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 544.68 528.10 Td (equal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 57.93 518.50 Td (his ) Tj ET Q q 0 0 0 rg BT 68.98 518.50 Td (tar) Tj ET Q q 0 0 0 rg BT 77.27 518.50 Td (get ) Tj ET Q q 0 0 0 rg BT 88.75 518.50 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 125.12 518.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 156.15 518.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 171.63 518.50 Td (award, ) Tj ET Q q 0 0 0 rg BT 194.88 518.50 Td (pro ) Tj ET Q q 0 0 0 rg BT 207.26 518.50 Td (rated ) Tj ET Q q 0 0 0 rg BT 224.96 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 232.89 518.50 Td (the ) Tj ET Q q 0 0 0 rg BT 244.37 518.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 282.96 518.50 Td (date. ) Tj ET Q q 0 0 0 rg BT 299.61 518.50 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 333.77 518.50 Td (a ) Tj ET Q q 0 0 0 rg BT 339.03 518.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 377.62 518.50 Td (date ) Tj ET Q q 0 0 0 rg BT 392.65 518.50 Td (of ) Tj ET Q q 0 0 0 rg BT 401.03 518.50 Td (December ) Tj ET Q q 0 0 0 rg BT 435.60 518.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.31 518.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 467.02 518.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 476.36 518.50 Td (. ) Tj ET Q q 0 0 0 rg BT 480.06 518.50 Td (Del ) Tj ET Q q 0 0 0 rg BT 493.32 518.50 Td (Nin ) Tj ET Q q 0 0 0 rg BT 507.03 518.50 Td (would ) Tj ET Q q 0 0 0 rg BT 528.74 518.50 Td (be ) Tj ET Q q 0 0 0 rg BT 538.00 518.50 Td (entitled ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 508.90 Td (to ) Tj ET Q q 0 0 0 rg BT 58.51 508.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 83.89 508.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 100.41 508.90 Td (1,600,000, ) Tj ET Q q 0 0 0 rg BT 136.70 508.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 161.65 508.90 Td (to ) Tj ET Q q 0 0 0 rg BT 170.16 508.90 Td (deductions ) Tj ET Q q 0 0 0 rg BT 207.11 508.90 Td (for ) Tj ET Q q 0 0 0 rg BT 218.73 508.90 Td (social ) Tj ET Q q 0 0 0 rg BT 239.68 508.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 272.62 508.90 Td (and ) Tj ET Q q 0 0 0 rg BT 286.46 508.90 Td (other ) Tj ET Q q 0 0 0 rg BT 305.19 508.90 Td (withholdings. ) Tj ET Q q 0 0 0 rg BT 351.26 508.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 360.60 508.90 Td (. ) Tj ET Q q 0 0 0 rg BT 364.89 508.90 Td (Del ) Tj ET Q q 0 0 0 rg BT 378.73 508.90 Td (Nin ) Tj ET Q q 0 0 0 rg BT 393.02 508.90 Td (is ) Tj ET Q q 0 0 0 rg BT 400.65 508.90 Td (also ) Tj ET Q q 0 0 0 rg BT 415.82 508.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 442.10 508.90 Td (to ) Tj ET Q q 0 0 0 rg BT 450.62 508.90 Td (medical ) Tj ET Q q 0 0 0 rg BT 478.23 508.90 Td (and ) Tj ET Q q 0 0 0 rg BT 492.07 508.90 Td (dental ) Tj ET Q q 0 0 0 rg BT 513.91 508.90 Td (insurance ) Tj ET Q q 0 0 0 rg BT 546.85 508.90 Td (for ) Tj ET Q q 0 0 0 rg BT 558.47 508.90 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 499.30 Td (period ) Tj ET Q q 0 0 0 rg BT 72.44 499.30 Td (of ) Tj ET Q q 0 0 0 rg BT 81.10 499.30 Td (12 ) Tj ET Q q 0 0 0 rg BT 91.10 499.30 Td (months ) Tj ET Q q 0 0 0 rg BT 116.66 499.30 Td (following ) Tj ET Q q 0 0 0 rg BT 149.77 499.30 Td (termination.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 483.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 483.70 Td (. ) Tj ET Q q 0 0 0 rg BT 63.08 483.70 Td (Del ) Tj ET Q q 0 0 0 rg BT 76.38 483.70 Td (Nin ) Tj ET Q q 0 0 0 rg BT 90.12 483.70 Td (may ) Tj ET Q q 0 0 0 rg BT 105.64 483.70 Td (terminate ) Tj ET Q q 0 0 0 rg BT 137.59 483.70 Td (his ) Tj ET Q q 0 0 0 rg BT 148.67 483.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 190.41 483.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 225.47 483.70 Td (at ) Tj ET Q q 0 0 0 rg BT 232.99 483.70 Td (any ) Tj ET Q q 0 0 0 rg BT 246.28 483.70 Td (time ) Tj ET Q q 0 0 0 rg BT 262.25 483.70 Td (on ) Tj ET Q q 0 0 0 rg BT 271.99 483.70 Td (12 ) Tj ET Q q 0 0 0 rg BT 281.74 483.70 Td (months) Tj ET Q q 0 0 0 rg BT 307.37 483.70 Td ( ) Tj ET Q q 0 0 0 rg BT 309.11 483.70 Td (notice. ) Tj ET Q q 0 0 0 rg BT 332.28 483.70 Td (W) Tj ET Q q 0 0 0 rg BT 339.19 483.70 Td (e ) Tj ET Q q 0 0 0 rg BT 344.48 483.70 Td (may ) Tj ET Q q 0 0 0 rg BT 360.00 483.70 Td (elect ) Tj ET Q q 0 0 0 rg BT 376.84 483.70 Td (to ) Tj ET Q q 0 0 0 rg BT 384.81 483.70 Td (make ) Tj ET Q q 0 0 0 rg BT 403.88 483.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 433.17 483.70 Td (in ) Tj ET Q q 0 0 0 rg BT 441.14 483.70 Td (lieu ) Tj ET Q q 0 0 0 rg BT 454.88 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 463.29 483.70 Td (notice, ) Tj ET Q q 0 0 0 rg BT 486.58 483.70 Td (and ) Tj ET Q q 0 0 0 rg BT 499.88 483.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 513.18 483.70 Td (him ) Tj ET Q q 0 0 0 rg BT 527.37 483.70 Td (the ) Tj ET Q q 0 0 0 rg BT 538.88 483.70 Td (portion ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 58.95 474.10 Td (his ) Tj ET Q q 0 0 0 rg BT 70.56 474.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 94.17 474.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 115.55 474.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.16 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.21 474.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 164.61 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.55 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.61 474.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 207.43 474.10 Td (period ) Tj ET Q q 0 0 0 rg BT 230.15 474.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 264.87 474.10 Td (at ) Tj ET Q q 0 0 0 rg BT 272.92 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.98 474.10 Td (time ) Tj ET Q q 0 0 0 rg BT 301.48 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.53 474.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 346.92 474.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 369.64 474.10 Td (this ) Tj ET Q q 0 0 0 rg BT 383.48 474.10 Td (election. ) Tj ET Q q 0 0 0 rg BT 412.58 474.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 447.31 474.10 Td (a ) Tj ET Q q 0 0 0 rg BT 453.14 474.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 492.30 474.10 Td (date ) Tj ET Q q 0 0 0 rg BT 507.91 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.85 474.10 Td (December ) Tj ET Q q 0 0 0 rg BT 552.00 474.10 Td (31, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 464.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 70.00 464.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 79.34 464.50 Td (. ) Tj ET Q q 0 0 0 rg BT 83.34 464.50 Td (Del ) Tj ET Q q 0 0 0 rg BT 96.89 464.50 Td (Nin ) Tj ET Q q 0 0 0 rg BT 110.89 464.50 Td (would ) Tj ET Q q 0 0 0 rg BT 132.89 464.50 Td (be ) Tj ET Q q 0 0 0 rg BT 142.44 464.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 168.43 464.50 Td (to ) Tj ET Q q 0 0 0 rg BT 176.65 464.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 201.74 464.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 217.97 464.50 Td (800,000, ) Tj ET Q q 0 0 0 rg BT 247.97 464.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.63 464.50 Td (to ) Tj ET Q q 0 0 0 rg BT 280.85 464.50 Td (deductions ) Tj ET Q q 0 0 0 rg BT 317.51 464.50 Td (for ) Tj ET Q q 0 0 0 rg BT 328.84 464.50 Td (social ) Tj ET Q q 0 0 0 rg BT 349.50 464.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 382.15 464.50 Td (and ) Tj ET Q q 0 0 0 rg BT 395.70 464.50 Td (other ) Tj ET Q q 0 0 0 rg BT 414.14 464.50 Td (withholdings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 448.90 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 448.90 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 448.90 Td (event ) Tj ET Q q 0 0 0 rg BT 89.76 448.90 Td (we ) Tj ET Q q 0 0 0 rg BT 101.09 448.90 Td (terminate ) Tj ET Q q 0 0 0 rg BT 133.30 448.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 142.63 448.90 Td (. ) Tj ET Q q 0 0 0 rg BT 146.63 448.90 Td (Del ) Tj ET Q q 0 0 0 rg BT 160.18 448.90 Td (Nin) Tj ET Q q 0 0 0 rg BT 174.41 448.90 Td (s ) Tj ET Q q 0 0 0 rg BT 179.52 448.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 221.51 448.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 256.82 448.90 Td (due ) Tj ET Q q 0 0 0 rg BT 270.38 448.90 Td (to ) Tj ET Q q 0 0 0 rg BT 278.60 448.90 Td (cause, ) Tj ET Q q 0 0 0 rg BT 300.36 448.90 Td (he ) Tj ET Q q 0 0 0 rg BT 309.91 448.90 Td (is ) Tj ET Q q 0 0 0 rg BT 317.25 448.90 Td (not ) Tj ET Q q 0 0 0 rg BT 329.47 448.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 355.46 448.90 Td (to ) Tj ET Q q 0 0 0 rg BT 363.69 448.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 388.78 448.90 Td (any ) Tj ET Q q 0 0 0 rg BT 402.33 448.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.32 448.90 Td (remuneration.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 433.30 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 417.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 417.70 Td (. ) Tj ET Q q 0 0 0 rg BT 63.34 417.70 Td (Del ) Tj ET Q q 0 0 0 rg BT 76.89 417.70 Td (Nin ) Tj ET Q q 0 0 0 rg BT 90.89 417.70 Td (had ) Tj ET Q q 0 0 0 rg BT 104.44 417.70 Td (not ) Tj ET Q q 0 0 0 rg BT 116.66 417.70 Td (received ) Tj ET Q q 0 0 0 rg BT 145.75 417.70 Td (any ) Tj ET Q q 0 0 0 rg BT 159.30 417.70 Td (grants ) Tj ET Q q 0 0 0 rg BT 180.85 417.70 Td (of ) Tj ET Q q 0 0 0 rg BT 189.52 417.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 211.51 417.70 Td (incentives ) Tj ET Q q 0 0 0 rg BT 245.95 417.70 Td (as ) Tj ET Q q 0 0 0 rg BT 254.61 417.70 Td (of ) Tj ET Q q 0 0 0 rg BT 263.27 417.70 Td (December ) Tj ET Q q 0 0 0 rg BT 298.14 417.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 310.14 417.70 Td (2013.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 399.10 Td (Christoph ) Tj ET Q q 0 0 0 rg BT 84.91 399.10 Td (Mainusch) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 383.50 Td (Payments ) Tj ET Q q 0 0 0 rg BT 83.10 383.50 Td (under ) Tj ET Q q 0 0 0 rg BT 103.77 383.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 144.42 383.50 Td (agr) Tj ET Q q 0 0 0 rg BT 155.23 383.50 Td (eement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 367.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 367.90 Td (. ) Tj ET Q q 0 0 0 rg BT 63.99 367.90 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 98.19 367.90 Td (has ) Tj ET Q q 0 0 0 rg BT 111.50 367.90 Td (an ) Tj ET Q q 0 0 0 rg BT 121.70 367.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 164.35 367.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 200.31 367.90 Td (for ) Tj ET Q q 0 0 0 rg BT 212.29 367.90 Td (an ) Tj ET Q q 0 0 0 rg BT 222.49 367.90 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 255.79 367.90 Td (term. ) Tj ET Q q 0 0 0 rg BT 275.11 367.90 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 305.76 367.90 Td (to ) Tj ET Q q 0 0 0 rg BT 314.63 367.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 323.96 367.90 Td (. ) Tj ET Q q 0 0 0 rg BT 328.62 367.90 Td (Mainusch) Tj ET Q q 0 0 0 rg BT 362.39 367.90 Td (s ) Tj ET Q q 0 0 0 rg BT 368.15 367.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 410.79 367.90 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 448.76 367.90 Td (we ) Tj ET Q q 0 0 0 rg BT 460.74 367.90 Td (may ) Tj ET Q q 0 0 0 rg BT 477.16 367.90 Td (terminate ) Tj ET Q q 0 0 0 rg BT 510.02 367.90 Td (his ) Tj ET Q q 0 0 0 rg BT 522.00 367.90 Td (employment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 358.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 85.13 358.30 Td (at ) Tj ET Q q 0 0 0 rg BT 92.72 358.30 Td (any ) Tj ET Q q 0 0 0 rg BT 106.09 358.30 Td (time. ) Tj ET Q q 0 0 0 rg BT 124.13 358.30 Td (If ) Tj ET Q q 0 0 0 rg BT 131.28 358.30 Td (we ) Tj ET Q q 0 0 0 rg BT 142.42 358.30 Td (give ) Tj ET Q q 0 0 0 rg BT 158.01 358.30 Td (notice ) Tj ET Q q 0 0 0 rg BT 179.38 358.30 Td (of ) Tj ET Q q 0 0 0 rg BT 187.86 358.30 Td (termination ) Tj ET Q q 0 0 0 rg BT 226.56 358.30 Td (to ) Tj ET Q q 0 0 0 rg BT 234.60 358.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 243.94 358.30 Td (. ) Tj ET Q q 0 0 0 rg BT 247.75 358.30 Td (Mainusch, ) Tj ET Q q 0 0 0 rg BT 283.12 358.30 Td (his ) Tj ET Q q 0 0 0 rg BT 294.28 358.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 336.09 358.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 371.22 358.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 388.15 358.30 Td (terminate ) Tj ET Q q 0 0 0 rg BT 420.17 358.30 Td (with ) Tj ET Q q 0 0 0 rg BT 436.21 358.30 Td (immediate ) Tj ET Q q 0 0 0 rg BT 471.80 358.30 Td (ef) Tj ET Q q 0 0 0 rg BT 477.87 358.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 491.67 358.30 Td (and ) Tj ET Q q 0 0 0 rg BT 505.04 358.30 Td (the ) Tj ET Q q 0 0 0 rg BT 516.63 358.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 549.56 358.30 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 348.70 Td (make ) Tj ET Q q 0 0 0 rg BT 69.00 348.70 Td (a ) Tj ET Q q 0 0 0 rg BT 74.22 348.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 103.45 348.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 122.45 348.70 Td (to ) Tj ET Q q 0 0 0 rg BT 130.34 348.70 Td (two ) Tj ET Q q 0 0 0 rg BT 144.02 348.70 Td (times ) Tj ET Q q 0 0 0 rg BT 163.02 348.70 Td (his ) Tj ET Q q 0 0 0 rg BT 174.04 348.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 197.03 348.70 Td (salary) Tj ET Q q 0 0 0 rg BT 215.62 348.70 Td (. ) Tj ET Q q 0 0 0 rg BT 219.29 348.70 Td (In ) Tj ET Q q 0 0 0 rg BT 227.63 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 239.08 348.70 Td (event ) Tj ET Q q 0 0 0 rg BT 258.08 348.70 Td (we ) Tj ET Q q 0 0 0 rg BT 269.08 348.70 Td (terminate ) Tj ET Q q 0 0 0 rg BT 300.96 348.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 310.30 348.70 Td (. ) Tj ET Q q 0 0 0 rg BT 313.97 348.70 Td (Mainusch) Tj ET Q q 0 0 0 rg BT 347.75 348.70 Td (s ) Tj ET Q q 0 0 0 rg BT 352.53 348.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 394.20 348.70 Td (after ) Tj ET Q q 0 0 0 rg BT 410.53 348.70 Td (January ) Tj ET Q q 0 0 0 rg BT 437.08 348.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 444.76 348.70 Td (2014, ) Tj ET Q q 0 0 0 rg BT 464.43 348.70 Td (he ) Tj ET Q q 0 0 0 rg BT 473.66 348.70 Td (is ) Tj ET Q q 0 0 0 rg BT 480.67 348.70 Td (also ) Tj ET Q q 0 0 0 rg BT 495.23 348.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 520.90 348.70 Td (to ) Tj ET Q q 0 0 0 rg BT 528.79 348.70 Td (an ) Tj ET Q q 0 0 0 rg BT 538.02 348.70 Td (amount ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 69.44 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 339.10 Td (his ) Tj ET Q q 0 0 0 rg BT 89.23 339.10 Td (tar) Tj ET Q q 0 0 0 rg BT 97.52 339.10 Td (get ) Tj ET Q q 0 0 0 rg BT 109.41 339.10 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 146.18 339.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 177.62 339.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 193.50 339.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 217.16 339.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 229.94 339.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 248.04 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.38 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.27 339.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 307.26 339.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 324.23 339.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 358.79 339.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.46 339.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 403.45 339.10 Td (date ) Tj ET Q q 0 0 0 rg BT 418.89 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.67 339.10 Td (December ) Tj ET Q q 0 0 0 rg BT 462.65 339.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 474.76 339.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 494.88 339.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 504.21 339.10 Td (. ) Tj ET Q q 0 0 0 rg BT 508.33 339.10 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 541.99 339.10 Td (would ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 329.50 Td (be ) Tj ET Q q 0 0 0 rg BT 59.55 329.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 85.54 329.50 Td (to ) Tj ET Q q 0 0 0 rg BT 93.77 329.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 118.86 329.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 135.08 329.50 Td (1,600,000, ) Tj ET Q q 0 0 0 rg BT 171.08 329.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 195.74 329.50 Td (to ) Tj ET Q q 0 0 0 rg BT 203.96 329.50 Td (deductions ) Tj ET Q q 0 0 0 rg BT 240.63 329.50 Td (for ) Tj ET Q q 0 0 0 rg BT 251.95 329.50 Td (social ) Tj ET Q q 0 0 0 rg BT 272.61 329.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 305.27 329.50 Td (and ) Tj ET Q q 0 0 0 rg BT 318.82 329.50 Td (other ) Tj ET Q q 0 0 0 rg BT 337.25 329.50 Td (withholdings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 313.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 313.90 Td (. ) Tj ET Q q 0 0 0 rg BT 63.77 313.90 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 97.76 313.90 Td (may ) Tj ET Q q 0 0 0 rg BT 113.97 313.90 Td (terminate ) Tj ET Q q 0 0 0 rg BT 146.61 313.90 Td (his ) Tj ET Q q 0 0 0 rg BT 158.39 313.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 200.81 313.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 236.56 313.90 Td (at ) Tj ET Q q 0 0 0 rg BT 244.77 313.90 Td (any ) Tj ET Q q 0 0 0 rg BT 258.76 313.90 Td (time ) Tj ET Q q 0 0 0 rg BT 275.42 313.90 Td (on ) Tj ET Q q 0 0 0 rg BT 285.85 313.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 296.29 313.90 Td (months) Tj ET Q q 0 0 0 rg BT 321.92 313.90 Td ( ) Tj ET Q q 0 0 0 rg BT 324.35 313.90 Td (notice. ) Tj ET Q q 0 0 0 rg BT 348.16 313.90 Td (W) Tj ET Q q 0 0 0 rg BT 355.07 313.90 Td (e ) Tj ET Q q 0 0 0 rg BT 361.06 313.90 Td (may ) Tj ET Q q 0 0 0 rg BT 377.27 313.90 Td (elect ) Tj ET Q q 0 0 0 rg BT 394.80 313.90 Td (to ) Tj ET Q q 0 0 0 rg BT 403.46 313.90 Td (make ) Tj ET Q q 0 0 0 rg BT 423.22 313.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 453.21 313.90 Td (in ) Tj ET Q q 0 0 0 rg BT 461.87 313.90 Td (lieu ) Tj ET Q q 0 0 0 rg BT 476.30 313.90 Td (of ) Tj ET Q q 0 0 0 rg BT 485.40 313.90 Td (notice, ) Tj ET Q q 0 0 0 rg BT 509.38 313.90 Td (and ) Tj ET Q q 0 0 0 rg BT 523.37 313.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 537.36 313.90 Td (him ) Tj ET Q q 0 0 0 rg BT 552.24 313.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 304.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 74.88 304.30 Td (of ) Tj ET Q q 0 0 0 rg BT 83.32 304.30 Td (his ) Tj ET Q q 0 0 0 rg BT 94.43 304.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 117.53 304.30 Td (salary ) Tj ET Q q 0 0 0 rg BT 138.40 304.30 Td (for ) Tj ET Q q 0 0 0 rg BT 149.50 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 161.05 304.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 185.93 304.30 Td (of ) Tj ET Q q 0 0 0 rg BT 194.37 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 205.92 304.30 Td (notice ) Tj ET Q q 0 0 0 rg BT 227.24 304.30 Td (period ) Tj ET Q q 0 0 0 rg BT 249.45 304.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 283.66 304.30 Td (at ) Tj ET Q q 0 0 0 rg BT 291.20 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 302.75 304.30 Td (time ) Tj ET Q q 0 0 0 rg BT 318.74 304.30 Td (the ) Tj ET Q q 0 0 0 rg BT 330.29 304.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 363.17 304.30 Td (makes ) Tj ET Q q 0 0 0 rg BT 385.38 304.30 Td (this ) Tj ET Q q 0 0 0 rg BT 398.71 304.30 Td (election. ) Tj ET Q q 0 0 0 rg BT 427.42 304.30 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 461.64 304.30 Td (a ) Tj ET Q q 0 0 0 rg BT 466.96 304.30 Td (termination ) Tj ET Q q 0 0 0 rg BT 505.62 304.30 Td (date ) Tj ET Q q 0 0 0 rg BT 520.71 304.30 Td (of ) Tj ET Q q 0 0 0 rg BT 529.15 304.30 Td (December ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 294.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 62.00 294.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 82.00 294.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 91.34 294.70 Td (. ) Tj ET Q q 0 0 0 rg BT 95.34 294.70 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 128.89 294.70 Td (would ) Tj ET Q q 0 0 0 rg BT 150.89 294.70 Td (be ) Tj ET Q q 0 0 0 rg BT 160.44 294.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 186.43 294.70 Td (to ) Tj ET Q q 0 0 0 rg BT 194.65 294.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 219.74 294.70 Td (US$ ) Tj ET Q q 0 0 0 rg BT 235.97 294.70 Td (800,000, ) Tj ET Q q 0 0 0 rg BT 265.97 294.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.63 294.70 Td (to ) Tj ET Q q 0 0 0 rg BT 298.85 294.70 Td (deductions ) Tj ET Q q 0 0 0 rg BT 335.51 294.70 Td (for ) Tj ET Q q 0 0 0 rg BT 346.84 294.70 Td (social ) Tj ET Q q 0 0 0 rg BT 367.50 294.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 400.15 294.70 Td (and ) Tj ET Q q 0 0 0 rg BT 413.70 294.70 Td (other ) Tj ET Q q 0 0 0 rg BT 432.14 294.70 Td (withholdings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 279.10 Td (event ) Tj ET Q q 0 0 0 rg BT 89.76 279.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.09 279.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 133.30 279.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 142.63 279.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.63 279.10 Td (Mainusch) Tj ET Q q 0 0 0 rg BT 180.41 279.10 Td (s ) Tj ET Q q 0 0 0 rg BT 185.52 279.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 227.51 279.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 262.82 279.10 Td (due ) Tj ET Q q 0 0 0 rg BT 276.38 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.60 279.10 Td (cause, ) Tj ET Q q 0 0 0 rg BT 306.36 279.10 Td (he ) Tj ET Q q 0 0 0 rg BT 315.91 279.10 Td (is ) Tj ET Q q 0 0 0 rg BT 323.25 279.10 Td (not ) Tj ET Q q 0 0 0 rg BT 335.47 279.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 361.46 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.69 279.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 394.78 279.10 Td (any ) Tj ET Q q 0 0 0 rg BT 408.33 279.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 442.32 279.10 Td (remuneration.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 263.50 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 247.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 247.90 Td (. ) Tj ET Q q 0 0 0 rg BT 63.34 247.90 Td (Mainusch ) Tj ET Q q 0 0 0 rg BT 96.89 247.90 Td (had ) Tj ET Q q 0 0 0 rg BT 110.44 247.90 Td (not ) Tj ET Q q 0 0 0 rg BT 122.66 247.90 Td (received ) Tj ET Q q 0 0 0 rg BT 151.75 247.90 Td (any ) Tj ET Q q 0 0 0 rg BT 165.30 247.90 Td (grants ) Tj ET Q q 0 0 0 rg BT 186.85 247.90 Td (of ) Tj ET Q q 0 0 0 rg BT 195.52 247.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 217.51 247.90 Td (incentives ) Tj ET Q q 0 0 0 rg BT 251.95 247.90 Td (as ) Tj ET Q q 0 0 0 rg BT 260.61 247.90 Td (of ) Tj ET Q q 0 0 0 rg BT 269.27 247.90 Td (December ) Tj ET Q q 0 0 0 rg BT 304.14 247.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 316.14 247.90 Td (2013.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 229.30 Td (David ) Tj ET Q q 0 0 0 rg BT 71.55 229.30 Td (Sturgeon) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 213.70 Td (Payments ) Tj ET Q q 0 0 0 rg BT 83.10 213.70 Td (under ) Tj ET Q q 0 0 0 rg BT 103.77 213.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 144.42 213.70 Td (agr) Tj ET Q q 0 0 0 rg BT 155.23 213.70 Td (eement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 198.10 Td (. ) Tj ET Q q 0 0 0 rg BT 63.58 198.10 Td (Stur) Tj ET Q q 0 0 0 rg BT 76.77 198.10 Td (geon ) Tj ET Q q 0 0 0 rg BT 94.57 198.10 Td (has ) Tj ET Q q 0 0 0 rg BT 107.47 198.10 Td (an ) Tj ET Q q 0 0 0 rg BT 117.27 198.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 159.51 198.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 195.06 198.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.63 198.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.43 198.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 249.33 198.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 268.07 198.10 Td (W) Tj ET Q q 0 0 0 rg BT 274.98 198.10 Td (e ) Tj ET Q q 0 0 0 rg BT 280.78 198.10 Td (may ) Tj ET Q q 0 0 0 rg BT 296.79 198.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 329.25 198.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 338.58 198.10 Td (. ) Tj ET Q q 0 0 0 rg BT 342.83 198.10 Td (Stur) Tj ET Q q 0 0 0 rg BT 356.02 198.10 Td (geon) Tj ET Q q 0 0 0 rg BT 373.79 198.10 Td (s ) Tj ET Q q 0 0 0 rg BT 379.15 198.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 421.38 198.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 456.94 198.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.19 198.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 477.43 198.10 Td (months) Tj ET Q q 0 0 0 rg BT 503.06 198.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.30 198.10 Td (notice. ) Tj ET Q q 0 0 0 rg BT 529.09 198.10 Td (If ) Tj ET Q q 0 0 0 rg BT 536.67 198.10 Td (we ) Tj ET Q q 0 0 0 rg BT 548.24 198.10 Td (give ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 188.50 Td (notice ) Tj ET Q q 0 0 0 rg BT 71.94 188.50 Td (of ) Tj ET Q q 0 0 0 rg BT 81.00 188.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 120.28 188.50 Td (to ) Tj ET Q q 0 0 0 rg BT 128.89 188.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 138.23 188.50 Td (. ) Tj ET Q q 0 0 0 rg BT 142.63 188.50 Td (Stur) Tj ET Q q 0 0 0 rg BT 155.82 188.50 Td (geon, ) Tj ET Q q 0 0 0 rg BT 175.76 188.50 Td (his ) Tj ET Q q 0 0 0 rg BT 187.50 188.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 229.88 188.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 265.59 188.50 Td (will ) Tj ET Q q 0 0 0 rg BT 280.43 188.50 Td (terminate ) Tj ET Q q 0 0 0 rg BT 313.03 188.50 Td (with ) Tj ET Q q 0 0 0 rg BT 329.65 188.50 Td (immediate ) Tj ET Q q 0 0 0 rg BT 365.81 188.50 Td (ef) Tj ET Q q 0 0 0 rg BT 371.88 188.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 386.27 188.50 Td (and ) Tj ET Q q 0 0 0 rg BT 400.21 188.50 Td (the ) Tj ET Q q 0 0 0 rg BT 412.38 188.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.89 188.50 Td (will ) Tj ET Q q 0 0 0 rg BT 460.73 188.50 Td (make ) Tj ET Q q 0 0 0 rg BT 480.45 188.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 510.39 188.50 Td (in ) Tj ET Q q 0 0 0 rg BT 519.01 188.50 Td (lieu ) Tj ET Q q 0 0 0 rg BT 533.40 188.50 Td (of ) Tj ET Q q 0 0 0 rg BT 542.46 188.50 Td (notice ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 178.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 69.41 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 77.71 178.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 87.80 178.90 Td (months ) Tj ET Q q 0 0 0 rg BT 113.44 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 122.18 178.90 Td (salary) Tj ET Q q 0 0 0 rg BT 140.77 178.90 Td (. ) Tj ET Q q 0 0 0 rg BT 144.85 178.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 154.19 178.90 Td (. ) Tj ET Q q 0 0 0 rg BT 158.27 178.90 Td (Stur) Tj ET Q q 0 0 0 rg BT 171.46 178.90 Td (geon ) Tj ET Q q 0 0 0 rg BT 189.09 178.90 Td (is ) Tj ET Q q 0 0 0 rg BT 196.51 178.90 Td (also ) Tj ET Q q 0 0 0 rg BT 211.48 178.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 237.56 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 245.86 178.90 Td (an ) Tj ET Q q 0 0 0 rg BT 255.50 178.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.58 178.90 Td (equal ) Tj ET Q q 0 0 0 rg BT 300.98 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 309.29 178.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 318.92 178.90 Td (his ) Tj ET Q q 0 0 0 rg BT 330.34 178.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 353.75 178.90 Td (tar) Tj ET Q q 0 0 0 rg BT 362.04 178.90 Td (get ) Tj ET Q q 0 0 0 rg BT 373.90 178.90 Td (bonus, ) Tj ET Q q 0 0 0 rg BT 397.09 178.90 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 408.95 178.90 Td (his ) Tj ET Q q 0 0 0 rg BT 420.37 178.90 Td (monthly ) Tj ET Q q 0 0 0 rg BT 449.12 178.90 Td (rental ) Tj ET Q q 0 0 0 rg BT 469.42 178.90 Td (allowance ) Tj ET Q q 0 0 0 rg BT 503.92 178.90 Td (for ) Tj ET Q q 0 0 0 rg BT 515.33 178.90 Td (a ) Tj ET Q q 0 0 0 rg BT 520.97 178.90 Td (period ) Tj ET Q q 0 0 0 rg BT 543.49 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 552.24 178.90 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 169.30 Td (lesser ) Tj ET Q q 0 0 0 rg BT 70.27 169.30 Td (of ) Tj ET Q q 0 0 0 rg BT 79.00 169.30 Td (the ) Tj ET Q q 0 0 0 rg BT 90.83 169.30 Td (number ) Tj ET Q q 0 0 0 rg BT 117.33 169.30 Td (of ) Tj ET Q q 0 0 0 rg BT 126.05 169.30 Td (months ) Tj ET Q q 0 0 0 rg BT 151.67 169.30 Td (he ) Tj ET Q q 0 0 0 rg BT 161.28 169.30 Td (is ) Tj ET Q q 0 0 0 rg BT 168.68 169.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 194.73 169.30 Td (to ) Tj ET Q q 0 0 0 rg BT 203.01 169.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 228.16 169.30 Td (the ) Tj ET Q q 0 0 0 rg BT 239.99 169.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 274.48 169.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 304.09 169.30 Td (to ) Tj ET Q q 0 0 0 rg BT 312.37 169.30 Td (his ) Tj ET Q q 0 0 0 rg BT 323.77 169.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 365.82 169.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 401.19 169.30 Td (and ) Tj ET Q q 0 0 0 rg BT 414.80 169.30 Td (12 ) Tj ET Q q 0 0 0 rg BT 424.86 169.30 Td (months, ) Tj ET Q q 0 0 0 rg BT 452.48 169.30 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 466.53 169.30 Td (any ) Tj ET Q q 0 0 0 rg BT 480.14 169.30 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 516.86 169.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 548.24 169.30 Td (plan ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 159.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 74.67 159.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 101.55 159.70 Td (as ) Tj ET Q q 0 0 0 rg BT 110.23 159.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.91 159.70 Td (the ) Tj ET Q q 0 0 0 rg BT 130.70 159.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 169.60 159.70 Td (date ) Tj ET Q q 0 0 0 rg BT 184.94 159.70 Td (and ) Tj ET Q q 0 0 0 rg BT 198.50 159.70 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 212.07 159.70 Td (any ) Tj ET Q q 0 0 0 rg BT 225.64 159.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 248.97 159.70 Td (but ) Tj ET Q q 0 0 0 rg BT 261.21 159.70 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 285.00 159.70 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 321.67 159.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 353.01 159.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 368.80 159.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 393.47 159.70 Td (as ) Tj ET Q q 0 0 0 rg BT 402.15 159.70 Td (of ) Tj ET Q q 0 0 0 rg BT 410.83 159.70 Td (the ) Tj ET Q q 0 0 0 rg BT 422.62 159.70 Td (notice ) Tj ET Q q 0 0 0 rg BT 444.18 159.70 Td (date. ) Tj ET Q q 0 0 0 rg BT 461.07 159.70 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 495.54 159.70 Td (a ) Tj ET Q q 0 0 0 rg BT 501.11 159.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 540.00 159.70 Td (date ) Tj ET Q q 0 0 0 rg BT 555.34 159.70 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (December ) Tj ET Q q 0 0 0 rg BT 84.27 150.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 95.67 150.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 115.07 150.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 124.41 150.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.81 150.10 Td (Stur) Tj ET Q q 0 0 0 rg BT 141.00 150.10 Td (geon ) Tj ET Q q 0 0 0 rg BT 157.95 150.10 Td (would ) Tj ET Q q 0 0 0 rg BT 179.35 150.10 Td (be ) Tj ET Q q 0 0 0 rg BT 188.31 150.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 213.70 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.32 150.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 268.93 150.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 284.56 150.10 Td (652,367, ) Tj ET Q q 0 0 0 rg BT 313.96 150.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 338.02 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.65 150.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 381.71 150.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.44 150.10 Td (social ) Tj ET Q q 0 0 0 rg BT 412.50 150.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 444.55 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.50 150.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.34 150.10 Td (withholdings. ) Tj ET Q q 0 0 0 rg BT 520.53 150.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 529.86 150.10 Td (. ) Tj ET Q q 0 0 0 rg BT 533.26 150.10 Td (Stur) Tj ET Q q 0 0 0 rg BT 546.46 150.10 Td (geon ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 140.50 Td (is ) Tj ET Q q 0 0 0 rg BT 57.34 140.50 Td (also ) Tj ET Q q 0 0 0 rg BT 72.22 140.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 98.21 140.50 Td (to ) Tj ET Q q 0 0 0 rg BT 106.44 140.50 Td (medical ) Tj ET Q q 0 0 0 rg BT 133.76 140.50 Td (and ) Tj ET Q q 0 0 0 rg BT 147.31 140.50 Td (dental ) Tj ET Q q 0 0 0 rg BT 168.86 140.50 Td (insurance ) Tj ET Q q 0 0 0 rg BT 201.51 140.50 Td (for ) Tj ET Q q 0 0 0 rg BT 212.84 140.50 Td (a ) Tj ET Q q 0 0 0 rg BT 218.39 140.50 Td (period ) Tj ET Q q 0 0 0 rg BT 240.82 140.50 Td (of ) Tj ET Q q 0 0 0 rg BT 249.49 140.50 Td (12 ) Tj ET Q q 0 0 0 rg BT 259.49 140.50 Td (months ) Tj ET Q q 0 0 0 rg BT 285.05 140.50 Td (following ) Tj ET Q q 0 0 0 rg BT 318.16 140.50 Td (termination.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 124.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 124.90 Td (. ) Tj ET Q q 0 0 0 rg BT 62.96 124.90 Td (Stur) Tj ET Q q 0 0 0 rg BT 76.15 124.90 Td (geon ) Tj ET Q q 0 0 0 rg BT 93.32 124.90 Td (may ) Tj ET Q q 0 0 0 rg BT 108.72 124.90 Td (terminate ) Tj ET Q q 0 0 0 rg BT 140.55 124.90 Td (his ) Tj ET Q q 0 0 0 rg BT 151.50 124.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 193.12 124.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 228.05 124.90 Td (at ) Tj ET Q q 0 0 0 rg BT 235.45 124.90 Td (any ) Tj ET Q q 0 0 0 rg BT 248.62 124.90 Td (time ) Tj ET Q q 0 0 0 rg BT 264.46 124.90 Td (on ) Tj ET Q q 0 0 0 rg BT 274.08 124.90 Td (12 ) Tj ET Q q 0 0 0 rg BT 283.71 124.90 Td (months) Tj ET Q q 0 0 0 rg BT 309.34 124.90 Td ( ) Tj ET Q q 0 0 0 rg BT 310.96 124.90 Td (notice. ) Tj ET Q q 0 0 0 rg BT 334.01 124.90 Td (W) Tj ET Q q 0 0 0 rg BT 340.92 124.90 Td (e ) Tj ET Q q 0 0 0 rg BT 346.09 124.90 Td (may ) Tj ET Q q 0 0 0 rg BT 361.49 124.90 Td (elect ) Tj ET Q q 0 0 0 rg BT 378.21 124.90 Td (to ) Tj ET Q q 0 0 0 rg BT 386.05 124.90 Td (make ) Tj ET Q q 0 0 0 rg BT 405.00 124.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 434.17 124.90 Td (in ) Tj ET Q q 0 0 0 rg BT 442.01 124.90 Td (lieu ) Tj ET Q q 0 0 0 rg BT 455.63 124.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.92 124.90 Td (notice, ) Tj ET Q q 0 0 0 rg BT 487.09 124.90 Td (and ) Tj ET Q q 0 0 0 rg BT 500.26 124.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 513.43 124.90 Td (him ) Tj ET Q q 0 0 0 rg BT 527.50 124.90 Td (the ) Tj ET Q q 0 0 0 rg BT 538.89 124.90 Td (portion ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 115.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.91 115.30 Td (his ) Tj ET Q q 0 0 0 rg BT 70.50 115.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 94.07 115.30 Td (salary ) Tj ET Q q 0 0 0 rg BT 115.42 115.30 Td (for ) Tj ET Q q 0 0 0 rg BT 126.99 115.30 Td (the ) Tj ET Q q 0 0 0 rg BT 139.02 115.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 164.37 115.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.29 115.30 Td (the ) Tj ET Q q 0 0 0 rg BT 185.31 115.30 Td (notice ) Tj ET Q q 0 0 0 rg BT 207.10 115.30 Td (period ) Tj ET Q q 0 0 0 rg BT 229.79 115.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 264.47 115.30 Td (at ) Tj ET Q q 0 0 0 rg BT 272.49 115.30 Td (the ) Tj ET Q q 0 0 0 rg BT 284.51 115.30 Td (time ) Tj ET Q q 0 0 0 rg BT 300.98 115.30 Td (the ) Tj ET Q q 0 0 0 rg BT 313.00 115.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 346.36 115.30 Td (makes ) Tj ET Q q 0 0 0 rg BT 369.04 115.30 Td (this ) Tj ET Q q 0 0 0 rg BT 382.85 115.30 Td (election. ) Tj ET Q q 0 0 0 rg BT 412.42 115.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 421.75 115.30 Td (. ) Tj ET Q q 0 0 0 rg BT 426.00 115.30 Td (Stur) Tj ET Q q 0 0 0 rg BT 439.19 115.30 Td (geon ) Tj ET Q q 0 0 0 rg BT 456.99 115.30 Td (is ) Tj ET Q q 0 0 0 rg BT 464.58 115.30 Td (also ) Tj ET Q q 0 0 0 rg BT 479.71 115.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 505.95 115.30 Td (to ) Tj ET Q q 0 0 0 rg BT 514.42 115.30 Td (any ) Tj ET Q q 0 0 0 rg BT 528.22 115.30 Td (earned ) Tj ET Q q 0 0 0 rg BT 551.79 115.30 Td (but ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 105.70 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 73.61 105.70 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 110.11 105.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 141.27 105.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 156.88 105.70 Td (awards. ) Tj ET Q q 0 0 0 rg BT 182.97 105.70 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 217.26 105.70 Td (a ) Tj ET Q q 0 0 0 rg BT 222.65 105.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 261.37 105.70 Td (date ) Tj ET Q q 0 0 0 rg BT 276.53 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 285.03 105.70 Td (December ) Tj ET Q q 0 0 0 rg BT 319.74 105.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 331.58 105.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 351.42 105.70 Td (if ) Tj ET Q q 0 0 0 rg BT 358.14 105.70 Td (we ) Tj ET Q q 0 0 0 rg BT 369.31 105.70 Td (were ) Tj ET Q q 0 0 0 rg BT 386.69 105.70 Td (to ) Tj ET Q q 0 0 0 rg BT 394.75 105.70 Td (elect ) Tj ET Q q 0 0 0 rg BT 411.69 105.70 Td (to ) Tj ET Q q 0 0 0 rg BT 419.75 105.70 Td (make ) Tj ET Q q 0 0 0 rg BT 438.91 105.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 468.30 105.70 Td (in ) Tj ET Q q 0 0 0 rg BT 476.36 105.70 Td (lieu ) Tj ET Q q 0 0 0 rg BT 490.20 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 498.70 105.70 Td (notice ) Tj ET Q q 0 0 0 rg BT 520.09 105.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 529.42 105.70 Td (. ) Tj ET Q q 0 0 0 rg BT 533.26 105.70 Td (Stur) Tj ET Q q 0 0 0 rg BT 546.45 105.70 Td (geon ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (would ) Tj ET Q q 0 0 0 rg BT 72.00 96.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.55 96.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 107.54 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.77 96.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 140.86 96.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 189.06 96.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 205.29 96.10 Td (391,541, ) Tj ET Q q 0 0 0 rg BT 235.29 96.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 259.95 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.17 96.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 304.83 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.16 96.10 Td (social ) Tj ET Q q 0 0 0 rg BT 336.82 96.10 Td (security ) Tj ET Q q 0 0 0 rg BT 364.14 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.70 96.10 Td (other ) Tj ET Q q 0 0 0 rg BT 396.13 96.10 Td (withholdings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 80.50 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 80.50 Td (event ) Tj ET Q q 0 0 0 rg BT 89.76 80.50 Td (we ) Tj ET Q q 0 0 0 rg BT 101.09 80.50 Td (terminate ) Tj ET Q q 0 0 0 rg BT 133.30 80.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 142.63 80.50 Td (. ) Tj ET Q q 0 0 0 rg BT 146.63 80.50 Td (Stur) Tj ET Q q 0 0 0 rg BT 159.82 80.50 Td (geon) Tj ET Q q 0 0 0 rg BT 177.60 80.50 Td (s ) Tj ET Q q 0 0 0 rg BT 182.71 80.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 224.70 80.50 Td (agreement ) Tj ET Q q 0 0 0 rg BT 260.02 80.50 Td (due ) Tj ET Q q 0 0 0 rg BT 273.57 80.50 Td (to ) Tj ET Q q 0 0 0 rg BT 281.79 80.50 Td (cause, ) Tj ET Q q 0 0 0 rg BT 303.55 80.50 Td (he ) Tj ET Q q 0 0 0 rg BT 313.11 80.50 Td (is ) Tj ET Q q 0 0 0 rg BT 320.44 80.50 Td (not ) Tj ET Q q 0 0 0 rg BT 332.66 80.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 358.66 80.50 Td (to ) Tj ET Q q 0 0 0 rg BT 366.88 80.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 391.97 80.50 Td (any ) Tj ET Q q 0 0 0 rg BT 405.52 80.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 439.51 80.50 Td (remuneration.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (106) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 743.45 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 727.85 Td (The ) Tj ET Q q 0 0 0 rg BT 63.93 727.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 83.21 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 91.37 727.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 100.70 727.85 Td (. ) Tj ET Q q 0 0 0 rg BT 104.20 727.85 Td (Stur) Tj ET Q q 0 0 0 rg BT 117.39 727.85 Td (geon) Tj ET Q q 0 0 0 rg BT 135.16 727.85 Td (s ) Tj ET Q q 0 0 0 rg BT 139.77 727.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 171.03 727.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.42 727.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 203.36 727.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 241.28 727.85 Td (do ) Tj ET Q q 0 0 0 rg BT 250.78 727.85 Td (not ) Tj ET Q q 0 0 0 rg BT 262.50 727.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 288.43 727.85 Td (for ) Tj ET Q q 0 0 0 rg BT 299.26 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 310.53 727.85 Td (vesting ) Tj ET Q q 0 0 0 rg BT 335.14 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 343.30 727.85 Td (any ) Tj ET Q q 0 0 0 rg BT 356.34 727.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 387.60 727.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 405.99 727.85 Td (units ) Tj ET Q q 0 0 0 rg BT 423.04 727.85 Td (on ) Tj ET Q q 0 0 0 rg BT 432.54 727.85 Td (termination. ) Tj ET Q q 0 0 0 rg BT 472.92 727.85 Td (In ) Tj ET Q q 0 0 0 rg BT 481.08 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 492.35 727.85 Td (event ) Tj ET Q q 0 0 0 rg BT 511.17 727.85 Td (his ) Tj ET Q q 0 0 0 rg BT 522.00 727.85 Td (employment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 85.31 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 92.65 718.25 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 130.86 718.25 Td (any ) Tj ET Q q 0 0 0 rg BT 144.41 718.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 176.17 718.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.05 718.25 Td (units ) Tj ET Q q 0 0 0 rg BT 212.61 718.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 241.71 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.93 718.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 259.27 718.25 Td (. ) Tj ET Q q 0 0 0 rg BT 263.27 718.25 Td (Stur) Tj ET Q q 0 0 0 rg BT 276.46 718.25 Td (geon ) Tj ET Q q 0 0 0 rg BT 294.01 718.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 311.12 718.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 353.11 718.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 385.31 718.25 Td (on ) Tj ET Q q 0 0 0 rg BT 395.31 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.09 718.25 Td (date ) Tj ET Q q 0 0 0 rg BT 422.41 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.07 718.25 Td (such ) Tj ET Q q 0 0 0 rg BT 447.74 718.25 Td (termination.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 702.65 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.08 702.65 Td (to ) Tj ET Q q 0 0 0 rg BT 88.38 702.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.72 702.65 Td (. ) Tj ET Q q 0 0 0 rg BT 101.80 702.65 Td (Stur) Tj ET Q q 0 0 0 rg BT 114.99 702.65 Td (geon) Tj ET Q q 0 0 0 rg BT 132.76 702.65 Td (s ) Tj ET Q q 0 0 0 rg BT 137.95 702.65 Td (restricted ) Tj ET Q q 0 0 0 rg BT 169.79 702.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 188.76 702.65 Td (unit ) Tj ET Q q 0 0 0 rg BT 203.28 702.65 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 243.79 702.65 Td (in ) Tj ET Q q 0 0 0 rg BT 252.09 702.65 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 702.65 Td (event ) Tj ET Q q 0 0 0 rg BT 283.35 702.65 Td (of ) Tj ET Q q 0 0 0 rg BT 292.09 702.65 Td (a ) Tj ET Q q 0 0 0 rg BT 297.72 702.65 Td (change ) Tj ET Q q 0 0 0 rg BT 322.45 702.65 Td (of ) Tj ET Q q 0 0 0 rg BT 331.19 702.65 Td (control, ) Tj ET Q q 0 0 0 rg BT 357.93 702.65 Td (all ) Tj ET Q q 0 0 0 rg BT 368.01 702.65 Td (restricted ) Tj ET Q q 0 0 0 rg BT 399.85 702.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 418.82 702.65 Td (units ) Tj ET Q q 0 0 0 rg BT 436.45 702.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 462.52 702.65 Td (to ) Tj ET Q q 0 0 0 rg BT 470.82 702.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 480.16 702.65 Td (. ) Tj ET Q q 0 0 0 rg BT 484.24 702.65 Td (Stur) Tj ET Q q 0 0 0 rg BT 497.43 702.65 Td (geon ) Tj ET Q q 0 0 0 rg BT 515.06 702.65 Td (would ) Tj ET Q q 0 0 0 rg BT 537.14 702.65 Td (become ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 693.05 Td (immediately ) Tj ET Q q 0 0 0 rg BT 91.99 693.05 Td (exercisable. ) Tj ET Q q 0 0 0 rg BT 131.96 693.05 Td (On ) Tj ET Q q 0 0 0 rg BT 143.74 693.05 Td (December ) Tj ET Q q 0 0 0 rg BT 178.61 693.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 190.61 693.05 Td (2013, ) Tj ET Q q 0 0 0 rg BT 210.61 693.05 Td (the ) Tj ET Q q 0 0 0 rg BT 222.38 693.05 Td (value ) Tj ET Q q 0 0 0 rg BT 241.71 693.05 Td (of ) Tj ET Q q 0 0 0 rg BT 250.37 693.05 Td (all ) Tj ET Q q 0 0 0 rg BT 260.37 693.05 Td (restricted ) Tj ET Q q 0 0 0 rg BT 292.13 693.05 Td (stock ) Tj ET Q q 0 0 0 rg BT 311.02 693.05 Td (units ) Tj ET Q q 0 0 0 rg BT 328.57 693.05 Td (granted ) Tj ET Q q 0 0 0 rg BT 354.56 693.05 Td (to ) Tj ET Q q 0 0 0 rg BT 362.79 693.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 372.12 693.05 Td (. ) Tj ET Q q 0 0 0 rg BT 376.12 693.05 Td (Stur) Tj ET Q q 0 0 0 rg BT 389.31 693.05 Td (geon ) Tj ET Q q 0 0 0 rg BT 406.86 693.05 Td (was ) Tj ET Q q 0 0 0 rg BT 421.30 693.05 Td (US$ ) Tj ET Q q 0 0 0 rg BT 437.53 693.05 Td (271,61) Tj ET Q q 0 0 0 rg BT 459.23 693.05 Td (1.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 674.45 Td (Daniel ) Tj ET Q q 0 0 0 rg BT 74.22 674.45 Td (Penn) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 91.56 674.45 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 658.85 Td (Payments ) Tj ET Q q 0 0 0 rg BT 83.10 658.85 Td (under ) Tj ET Q q 0 0 0 rg BT 103.77 658.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 144.42 658.85 Td (agr) Tj ET Q q 0 0 0 rg BT 155.23 658.85 Td (eement ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 643.25 Td (. ) Tj ET Q q 0 0 0 rg BT 63.07 643.25 Td (Penn ) Tj ET Q q 0 0 0 rg BT 80.80 643.25 Td (has ) Tj ET Q q 0 0 0 rg BT 93.20 643.25 Td (an ) Tj ET Q q 0 0 0 rg BT 102.48 643.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 144.21 643.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 179.26 643.25 Td (for ) Tj ET Q q 0 0 0 rg BT 190.32 643.25 Td (an ) Tj ET Q q 0 0 0 rg BT 199.60 643.25 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 231.99 643.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 250.38 643.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 280.12 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.07 643.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 297.41 643.25 Td (. ) Tj ET Q q 0 0 0 rg BT 301.14 643.25 Td (Penn) Tj ET Q q 0 0 0 rg BT 319.37 643.25 Td (s ) Tj ET Q q 0 0 0 rg BT 324.21 643.25 Td (current ) Tj ET Q q 0 0 0 rg BT 348.60 643.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 390.32 643.25 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 427.37 643.25 Td (we ) Tj ET Q q 0 0 0 rg BT 438.43 643.25 Td (may ) Tj ET Q q 0 0 0 rg BT 453.94 643.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 485.88 643.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 495.21 643.25 Td (. ) Tj ET Q q 0 0 0 rg BT 498.95 643.25 Td (Penn) Tj ET Q q 0 0 0 rg BT 517.17 643.25 Td (s ) Tj ET Q q 0 0 0 rg BT 522.02 643.25 Td (employment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 633.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 85.15 633.65 Td (on ) Tj ET Q q 0 0 0 rg BT 94.98 633.65 Td (12 ) Tj ET Q q 0 0 0 rg BT 104.81 633.65 Td (months) Tj ET Q q 0 0 0 rg BT 130.44 633.65 Td ( ) Tj ET Q q 0 0 0 rg BT 132.27 633.65 Td (notice. ) Tj ET Q q 0 0 0 rg BT 155.65 633.65 Td (If ) Tj ET Q q 0 0 0 rg BT 162.81 633.65 Td (we ) Tj ET Q q 0 0 0 rg BT 173.98 633.65 Td (give ) Tj ET Q q 0 0 0 rg BT 189.58 633.65 Td (notice ) Tj ET Q q 0 0 0 rg BT 210.96 633.65 Td (of ) Tj ET Q q 0 0 0 rg BT 219.46 633.65 Td (termination ) Tj ET Q q 0 0 0 rg BT 258.17 633.65 Td (to ) Tj ET Q q 0 0 0 rg BT 266.23 633.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 275.56 633.65 Td (. ) Tj ET Q q 0 0 0 rg BT 279.40 633.65 Td (Penn ) Tj ET Q q 0 0 0 rg BT 297.23 633.65 Td (his ) Tj ET Q q 0 0 0 rg BT 308.40 633.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 350.22 633.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 385.37 633.65 Td (shall ) Tj ET Q q 0 0 0 rg BT 402.31 633.65 Td (terminate ) Tj ET Q q 0 0 0 rg BT 434.35 633.65 Td (with ) Tj ET Q q 0 0 0 rg BT 450.41 633.65 Td (immediate ) Tj ET Q q 0 0 0 rg BT 486.00 633.65 Td (ef) Tj ET Q q 0 0 0 rg BT 492.08 633.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 505.90 633.65 Td (and ) Tj ET Q q 0 0 0 rg BT 519.28 633.65 Td (the ) Tj ET Q q 0 0 0 rg BT 530.89 633.65 Td (Company ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 624.05 Td (will ) Tj ET Q q 0 0 0 rg BT 64.49 624.05 Td (make ) Tj ET Q q 0 0 0 rg BT 83.86 624.05 Td (payment ) Tj ET Q q 0 0 0 rg BT 113.45 624.05 Td (in ) Tj ET Q q 0 0 0 rg BT 121.71 624.05 Td (lieu ) Tj ET Q q 0 0 0 rg BT 135.75 624.05 Td (of ) Tj ET Q q 0 0 0 rg BT 144.46 624.05 Td (notice ) Tj ET Q q 0 0 0 rg BT 166.05 624.05 Td (equal ) Tj ET Q q 0 0 0 rg BT 185.42 624.05 Td (to ) Tj ET Q q 0 0 0 rg BT 193.69 624.05 Td (12 ) Tj ET Q q 0 0 0 rg BT 203.73 624.05 Td (months ) Tj ET Q q 0 0 0 rg BT 229.33 624.05 Td (of ) Tj ET Q q 0 0 0 rg BT 238.04 624.05 Td (salary) Tj ET Q q 0 0 0 rg BT 256.63 624.05 Td (. ) Tj ET Q q 0 0 0 rg BT 260.67 624.05 Td (In ) Tj ET Q q 0 0 0 rg BT 269.38 624.05 Td (the ) Tj ET Q q 0 0 0 rg BT 281.19 624.05 Td (event ) Tj ET Q q 0 0 0 rg BT 300.56 624.05 Td (we ) Tj ET Q q 0 0 0 rg BT 311.93 624.05 Td (terminate ) Tj ET Q q 0 0 0 rg BT 344.19 624.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 353.52 624.05 Td (. ) Tj ET Q q 0 0 0 rg BT 357.57 624.05 Td (Penn) Tj ET Q q 0 0 0 rg BT 375.79 624.05 Td (s ) Tj ET Q q 0 0 0 rg BT 380.95 624.05 Td (employment, ) Tj ET Q q 0 0 0 rg BT 424.98 624.05 Td (he ) Tj ET Q q 0 0 0 rg BT 434.58 624.05 Td (is ) Tj ET Q q 0 0 0 rg BT 441.96 624.05 Td (also ) Tj ET Q q 0 0 0 rg BT 456.89 624.05 Td (entitled ) Tj ET Q q 0 0 0 rg BT 482.92 624.05 Td (to ) Tj ET Q q 0 0 0 rg BT 491.19 624.05 Td (an ) Tj ET Q q 0 0 0 rg BT 500.78 624.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 526.82 624.05 Td (equal ) Tj ET Q q 0 0 0 rg BT 546.19 624.05 Td (to ) Tj ET Q q 0 0 0 rg BT 554.46 624.05 Td (\(i\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 614.45 Td (his ) Tj ET Q q 0 0 0 rg BT 61.14 614.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 84.27 614.45 Td (tar) Tj ET Q q 0 0 0 rg BT 92.57 614.45 Td (get ) Tj ET Q q 0 0 0 rg BT 104.15 614.45 Td (bonus, ) Tj ET Q q 0 0 0 rg BT 127.07 614.45 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 138.65 614.45 Td (his ) Tj ET Q q 0 0 0 rg BT 149.79 614.45 Td (vacation ) Tj ET Q q 0 0 0 rg BT 178.69 614.45 Td (days ) Tj ET Q q 0 0 0 rg BT 195.16 614.45 Td (in ) Tj ET Q q 0 0 0 rg BT 203.19 614.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 227.65 614.45 Td (of ) Tj ET Q q 0 0 0 rg BT 236.12 614.45 Td (the ) Tj ET Q q 0 0 0 rg BT 247.70 614.45 Td (notice ) Tj ET Q q 0 0 0 rg BT 269.06 614.45 Td (period, ) Tj ET Q q 0 0 0 rg BT 293.30 614.45 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 307.10 614.45 Td (any ) Tj ET Q q 0 0 0 rg BT 320.46 614.45 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 356.93 614.45 Td (incentive ) Tj ET Q q 0 0 0 rg BT 388.05 614.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 403.63 614.45 Td (awards ) Tj ET Q q 0 0 0 rg BT 428.10 614.45 Td (accrued ) Tj ET Q q 0 0 0 rg BT 454.77 614.45 Td (as ) Tj ET Q q 0 0 0 rg BT 463.24 614.45 Td (of ) Tj ET Q q 0 0 0 rg BT 471.71 614.45 Td (the ) Tj ET Q q 0 0 0 rg BT 483.29 614.45 Td (termination ) Tj ET Q q 0 0 0 rg BT 521.98 614.45 Td (date ) Tj ET Q q 0 0 0 rg BT 537.11 614.45 Td (and ) Tj ET Q q 0 0 0 rg BT 550.47 614.45 Td (\(iv\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 604.85 Td (any ) Tj ET Q q 0 0 0 rg BT 63.49 604.85 Td (earned ) Tj ET Q q 0 0 0 rg BT 86.74 604.85 Td (but ) Tj ET Q q 0 0 0 rg BT 98.90 604.85 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 122.61 604.85 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 159.21 604.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 190.46 604.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 206.17 604.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 230.77 604.85 Td (as ) Tj ET Q q 0 0 0 rg BT 239.37 604.85 Td (of ) Tj ET Q q 0 0 0 rg BT 247.97 604.85 Td (the ) Tj ET Q q 0 0 0 rg BT 259.68 604.85 Td (notice ) Tj ET Q q 0 0 0 rg BT 281.16 604.85 Td (date. ) Tj ET Q q 0 0 0 rg BT 297.99 604.85 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 332.38 604.85 Td (a ) Tj ET Q q 0 0 0 rg BT 337.87 604.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 376.68 604.85 Td (date ) Tj ET Q q 0 0 0 rg BT 391.94 604.85 Td (of ) Tj ET Q q 0 0 0 rg BT 400.54 604.85 Td (December ) Tj ET Q q 0 0 0 rg BT 435.35 604.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.28 604.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 467.22 604.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 476.56 604.85 Td (. ) Tj ET Q q 0 0 0 rg BT 480.49 604.85 Td (Penn ) Tj ET Q q 0 0 0 rg BT 498.43 604.85 Td (would ) Tj ET Q q 0 0 0 rg BT 520.37 604.85 Td (be ) Tj ET Q q 0 0 0 rg BT 529.85 604.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 555.78 604.85 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 74.80 595.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 122.72 595.25 Td (US$ ) Tj ET Q q 0 0 0 rg BT 138.66 595.25 Td (1,054,858, ) Tj ET Q q 0 0 0 rg BT 174.38 595.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 198.75 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.68 595.25 Td (deductions ) Tj ET Q q 0 0 0 rg BT 243.06 595.25 Td (for ) Tj ET Q q 0 0 0 rg BT 254.10 595.25 Td (social ) Tj ET Q q 0 0 0 rg BT 274.47 595.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 306.84 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.10 595.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.25 595.25 Td (withholdings. ) Tj ET Q q 0 0 0 rg BT 383.74 595.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 393.08 595.25 Td (. ) Tj ET Q q 0 0 0 rg BT 396.79 595.25 Td (Penn ) Tj ET Q q 0 0 0 rg BT 414.51 595.25 Td (is ) Tj ET Q q 0 0 0 rg BT 421.55 595.25 Td (also ) Tj ET Q q 0 0 0 rg BT 436.15 595.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 461.86 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.79 595.25 Td (medical ) Tj ET Q q 0 0 0 rg BT 496.83 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.09 595.25 Td (dental ) Tj ET Q q 0 0 0 rg BT 531.35 595.25 Td (insurance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 585.65 Td (for ) Tj ET Q q 0 0 0 rg BT 61.33 585.65 Td (a ) Tj ET Q q 0 0 0 rg BT 66.88 585.65 Td (period ) Tj ET Q q 0 0 0 rg BT 89.32 585.65 Td (of ) Tj ET Q q 0 0 0 rg BT 97.98 585.65 Td (12 ) Tj ET Q q 0 0 0 rg BT 107.98 585.65 Td (months ) Tj ET Q q 0 0 0 rg BT 133.54 585.65 Td (following ) Tj ET Q q 0 0 0 rg BT 166.65 585.65 Td (termination.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 570.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 570.05 Td (. ) Tj ET Q q 0 0 0 rg BT 63.41 570.05 Td (Penn ) Tj ET Q q 0 0 0 rg BT 81.49 570.05 Td (may ) Tj ET Q q 0 0 0 rg BT 97.34 570.05 Td (terminate ) Tj ET Q q 0 0 0 rg BT 129.63 570.05 Td (his ) Tj ET Q q 0 0 0 rg BT 141.04 570.05 Td (employment ) Tj ET Q q 0 0 0 rg BT 183.11 570.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 218.50 570.05 Td (at ) Tj ET Q q 0 0 0 rg BT 226.36 570.05 Td (any ) Tj ET Q q 0 0 0 rg BT 239.98 570.05 Td (time ) Tj ET Q q 0 0 0 rg BT 256.28 570.05 Td (on ) Tj ET Q q 0 0 0 rg BT 266.36 570.05 Td (12 ) Tj ET Q q 0 0 0 rg BT 276.44 570.05 Td (months) Tj ET Q q 0 0 0 rg BT 302.07 570.05 Td ( ) Tj ET Q q 0 0 0 rg BT 304.14 570.05 Td (notice. ) Tj ET Q q 0 0 0 rg BT 327.62 570.05 Td (W) Tj ET Q q 0 0 0 rg BT 334.53 570.05 Td (e ) Tj ET Q q 0 0 0 rg BT 340.16 570.05 Td (may ) Tj ET Q q 0 0 0 rg BT 356.01 570.05 Td (elect ) Tj ET Q q 0 0 0 rg BT 373.19 570.05 Td (to ) Tj ET Q q 0 0 0 rg BT 381.49 570.05 Td (make ) Tj ET Q q 0 0 0 rg BT 400.89 570.05 Td (payment ) Tj ET Q q 0 0 0 rg BT 430.51 570.05 Td (in ) Tj ET Q q 0 0 0 rg BT 438.81 570.05 Td (lieu ) Tj ET Q q 0 0 0 rg BT 452.89 570.05 Td (of ) Tj ET Q q 0 0 0 rg BT 461.63 570.05 Td (notice, ) Tj ET Q q 0 0 0 rg BT 485.26 570.05 Td (and ) Tj ET Q q 0 0 0 rg BT 498.88 570.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 512.51 570.05 Td (him ) Tj ET Q q 0 0 0 rg BT 527.04 570.05 Td (the ) Tj ET Q q 0 0 0 rg BT 538.89 570.05 Td (portion ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 560.45 Td (of ) Tj ET Q q 0 0 0 rg BT 58.52 560.45 Td (his ) Tj ET Q q 0 0 0 rg BT 69.72 560.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 92.90 560.45 Td (salary ) Tj ET Q q 0 0 0 rg BT 113.86 560.45 Td (for ) Tj ET Q q 0 0 0 rg BT 125.05 560.45 Td (the ) Tj ET Q q 0 0 0 rg BT 136.68 560.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 161.65 560.45 Td (of ) Tj ET Q q 0 0 0 rg BT 170.18 560.45 Td (the ) Tj ET Q q 0 0 0 rg BT 181.81 560.45 Td (notice ) Tj ET Q q 0 0 0 rg BT 203.21 560.45 Td (period ) Tj ET Q q 0 0 0 rg BT 225.51 560.45 Td (remaining ) Tj ET Q q 0 0 0 rg BT 259.80 560.45 Td (at ) Tj ET Q q 0 0 0 rg BT 267.44 560.45 Td (the ) Tj ET Q q 0 0 0 rg BT 279.07 560.45 Td (time ) Tj ET Q q 0 0 0 rg BT 295.15 560.45 Td (the ) Tj ET Q q 0 0 0 rg BT 306.78 560.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.75 560.45 Td (makes ) Tj ET Q q 0 0 0 rg BT 362.05 560.45 Td (this ) Tj ET Q q 0 0 0 rg BT 375.46 560.45 Td (election. ) Tj ET Q q 0 0 0 rg BT 404.64 560.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 413.98 560.45 Td (. ) Tj ET Q q 0 0 0 rg BT 417.84 560.45 Td (Penn ) Tj ET Q q 0 0 0 rg BT 435.70 560.45 Td (is ) Tj ET Q q 0 0 0 rg BT 442.89 560.45 Td (also ) Tj ET Q q 0 0 0 rg BT 457.64 560.45 Td (entitled ) Tj ET Q q 0 0 0 rg BT 483.49 560.45 Td (to ) Tj ET Q q 0 0 0 rg BT 491.57 560.45 Td (any ) Tj ET Q q 0 0 0 rg BT 504.98 560.45 Td (earned ) Tj ET Q q 0 0 0 rg BT 528.16 560.45 Td (but ) Tj ET Q q 0 0 0 rg BT 540.24 560.45 Td (unpaid ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 550.85 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 86.34 550.85 Td (incentive ) Tj ET Q q 0 0 0 rg BT 117.34 550.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 132.79 550.85 Td (awards. ) Tj ET Q q 0 0 0 rg BT 158.76 550.85 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 192.89 550.85 Td (a ) Tj ET Q q 0 0 0 rg BT 198.12 550.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 236.68 550.85 Td (date ) Tj ET Q q 0 0 0 rg BT 251.68 550.85 Td (of ) Tj ET Q q 0 0 0 rg BT 260.02 550.85 Td (December ) Tj ET Q q 0 0 0 rg BT 294.57 550.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 306.25 550.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 325.93 550.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 335.27 550.85 Td (. ) Tj ET Q q 0 0 0 rg BT 338.95 550.85 Td (Penn ) Tj ET Q q 0 0 0 rg BT 356.63 550.85 Td (would ) Tj ET Q q 0 0 0 rg BT 378.31 550.85 Td (be ) Tj ET Q q 0 0 0 rg BT 387.54 550.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 413.21 550.85 Td (to ) Tj ET Q q 0 0 0 rg BT 421.11 550.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 445.88 550.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 493.77 550.85 Td (US$ ) Tj ET Q q 0 0 0 rg BT 509.67 550.85 Td (498,660, ) Tj ET Q q 0 0 0 rg BT 539.35 550.85 Td (subject ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 58.22 541.25 Td (deductions ) Tj ET Q q 0 0 0 rg BT 94.88 541.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.21 541.25 Td (social ) Tj ET Q q 0 0 0 rg BT 126.87 541.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 159.52 541.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.07 541.25 Td (other ) Tj ET Q q 0 0 0 rg BT 191.51 541.25 Td (withholdings.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 525.65 Td (In ) Tj ET Q q 0 0 0 rg BT 58.66 525.65 Td (the ) Tj ET Q q 0 0 0 rg BT 70.44 525.65 Td (event ) Tj ET Q q 0 0 0 rg BT 89.76 525.65 Td (we ) Tj ET Q q 0 0 0 rg BT 101.09 525.65 Td (terminate ) Tj ET Q q 0 0 0 rg BT 133.30 525.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 142.63 525.65 Td (. ) Tj ET Q q 0 0 0 rg BT 146.63 525.65 Td (Penn) Tj ET Q q 0 0 0 rg BT 164.86 525.65 Td (s ) Tj ET Q q 0 0 0 rg BT 169.97 525.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 211.96 525.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 247.27 525.65 Td (due ) Tj ET Q q 0 0 0 rg BT 260.82 525.65 Td (to ) Tj ET Q q 0 0 0 rg BT 269.05 525.65 Td (cause, ) Tj ET Q q 0 0 0 rg BT 290.81 525.65 Td (he ) Tj ET Q q 0 0 0 rg BT 300.36 525.65 Td (is ) Tj ET Q q 0 0 0 rg BT 307.70 525.65 Td (not ) Tj ET Q q 0 0 0 rg BT 319.92 525.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 345.91 525.65 Td (to ) Tj ET Q q 0 0 0 rg BT 354.14 525.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 379.23 525.65 Td (any ) Tj ET Q q 0 0 0 rg BT 392.78 525.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 426.77 525.65 Td (remuneration.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 510.05 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 494.45 Td (The ) Tj ET Q q 0 0 0 rg BT 64.42 494.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 84.19 494.45 Td (of ) Tj ET Q q 0 0 0 rg BT 92.84 494.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 102.17 494.45 Td (. ) Tj ET Q q 0 0 0 rg BT 106.16 494.45 Td (Penn) Tj ET Q q 0 0 0 rg BT 124.38 494.45 Td (s ) Tj ET Q q 0 0 0 rg BT 129.48 494.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 161.23 494.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.11 494.45 Td (unit ) Tj ET Q q 0 0 0 rg BT 194.54 494.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 232.95 494.45 Td (do ) Tj ET Q q 0 0 0 rg BT 242.94 494.45 Td (not ) Tj ET Q q 0 0 0 rg BT 255.15 494.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 281.57 494.45 Td (for ) Tj ET Q q 0 0 0 rg BT 292.89 494.45 Td (the ) Tj ET Q q 0 0 0 rg BT 304.65 494.45 Td (vesting ) Tj ET Q q 0 0 0 rg BT 329.75 494.45 Td (of ) Tj ET Q q 0 0 0 rg BT 338.40 494.45 Td (any ) Tj ET Q q 0 0 0 rg BT 351.94 494.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 383.69 494.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 402.56 494.45 Td (units ) Tj ET Q q 0 0 0 rg BT 420.11 494.45 Td (on ) Tj ET Q q 0 0 0 rg BT 430.09 494.45 Td (termination. ) Tj ET Q q 0 0 0 rg BT 470.96 494.45 Td (In ) Tj ET Q q 0 0 0 rg BT 479.61 494.45 Td (the ) Tj ET Q q 0 0 0 rg BT 491.37 494.45 Td (event ) Tj ET Q q 0 0 0 rg BT 510.68 494.45 Td (his ) Tj ET Q q 0 0 0 rg BT 522.01 494.45 Td (employment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 484.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 85.31 484.85 Td (is ) Tj ET Q q 0 0 0 rg BT 92.65 484.85 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 130.86 484.85 Td (any ) Tj ET Q q 0 0 0 rg BT 144.41 484.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 176.17 484.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.05 484.85 Td (units ) Tj ET Q q 0 0 0 rg BT 212.61 484.85 Td (awarded ) Tj ET Q q 0 0 0 rg BT 241.71 484.85 Td (to ) Tj ET Q q 0 0 0 rg BT 249.93 484.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 259.27 484.85 Td (. ) Tj ET Q q 0 0 0 rg BT 263.27 484.85 Td (Penn ) Tj ET Q q 0 0 0 rg BT 281.27 484.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 298.38 484.85 Td (immediately ) Tj ET Q q 0 0 0 rg BT 340.36 484.85 Td (terminate ) Tj ET Q q 0 0 0 rg BT 372.57 484.85 Td (on ) Tj ET Q q 0 0 0 rg BT 382.57 484.85 Td (the ) Tj ET Q q 0 0 0 rg BT 394.34 484.85 Td (date ) Tj ET Q q 0 0 0 rg BT 409.67 484.85 Td (of ) Tj ET Q q 0 0 0 rg BT 418.33 484.85 Td (such ) Tj ET Q q 0 0 0 rg BT 435.00 484.85 Td (termination.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 79.54 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.31 469.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 96.64 469.25 Td (. ) Tj ET Q q 0 0 0 rg BT 100.19 469.25 Td (Penn) Tj ET Q q 0 0 0 rg BT 118.41 469.25 Td (s ) Tj ET Q q 0 0 0 rg BT 123.07 469.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 154.37 469.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 172.80 469.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 186.79 469.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 226.76 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.52 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.84 469.25 Td (event ) Tj ET Q q 0 0 0 rg BT 264.71 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.91 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.01 469.25 Td (change ) Tj ET Q q 0 0 0 rg BT 302.20 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.41 469.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 336.61 469.25 Td (all ) Tj ET Q q 0 0 0 rg BT 346.15 469.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 385.03 469.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 416.33 469.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 434.76 469.25 Td (units ) Tj ET Q q 0 0 0 rg BT 451.86 469.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 477.39 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.16 469.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 494.50 469.25 Td (. ) Tj ET Q q 0 0 0 rg BT 498.04 469.25 Td (Penn ) Tj ET Q q 0 0 0 rg BT 515.58 469.25 Td (would ) Tj ET Q q 0 0 0 rg BT 537.13 469.25 Td (become ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 459.65 Td (immediately ) Tj ET Q q 0 0 0 rg BT 91.99 459.65 Td (exercisable. ) Tj ET Q q 0 0 0 rg BT 131.96 459.65 Td (On ) Tj ET Q q 0 0 0 rg BT 143.74 459.65 Td (December ) Tj ET Q q 0 0 0 rg BT 178.61 459.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 190.61 459.65 Td (2013, ) Tj ET Q q 0 0 0 rg BT 210.61 459.65 Td (the ) Tj ET Q q 0 0 0 rg BT 222.38 459.65 Td (value ) Tj ET Q q 0 0 0 rg BT 241.71 459.65 Td (of ) Tj ET Q q 0 0 0 rg BT 250.37 459.65 Td (all ) Tj ET Q q 0 0 0 rg BT 260.37 459.65 Td (restricted ) Tj ET Q q 0 0 0 rg BT 292.13 459.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 311.02 459.65 Td (units ) Tj ET Q q 0 0 0 rg BT 328.57 459.65 Td (granted ) Tj ET Q q 0 0 0 rg BT 354.56 459.65 Td (to ) Tj ET Q q 0 0 0 rg BT 362.79 459.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 372.12 459.65 Td (. ) Tj ET Q q 0 0 0 rg BT 376.12 459.65 Td (Penn ) Tj ET Q q 0 0 0 rg BT 394.12 459.65 Td (was ) Tj ET Q q 0 0 0 rg BT 408.56 459.65 Td (US$ ) Tj ET Q q 0 0 0 rg BT 424.79 459.65 Td (566,077.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 441.05 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 75.12 441.05 Td (Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 425.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 59.34 425.45 Td (. ) Tj ET Q q 0 0 0 rg BT 63.16 425.45 Td (Sarbu) Tj ET Q q 0 0 0 rg BT 84.05 425.45 Td (s ) Tj ET Q q 0 0 0 rg BT 88.98 425.45 Td (service ) Tj ET Q q 0 0 0 rg BT 113.46 425.45 Td (as ) Tj ET Q q 0 0 0 rg BT 121.95 425.45 Td (President ) Tj ET Q q 0 0 0 rg BT 153.55 425.45 Td (and ) Tj ET Q q 0 0 0 rg BT 166.92 425.45 Td (CEO ) Tj ET Q q 0 0 0 rg BT 184.75 425.45 Td (terminated ) Tj ET Q q 0 0 0 rg BT 220.78 425.45 Td (on ) Tj ET Q q 0 0 0 rg BT 230.20 425.45 Td (August ) Tj ET Q q 0 0 0 rg BT 255.14 425.45 Td (21, ) Tj ET Q q 0 0 0 rg BT 266.96 425.45 Td (2013 ) Tj ET Q q 0 0 0 rg BT 284.78 425.45 Td (and ) Tj ET Q q 0 0 0 rg BT 298.16 425.45 Td (his ) Tj ET Q q 0 0 0 rg BT 309.32 425.45 Td (employment ) Tj ET Q q 0 0 0 rg BT 351.14 425.45 Td (terminated ) Tj ET Q q 0 0 0 rg BT 387.17 425.45 Td (with ) Tj ET Q q 0 0 0 rg BT 403.21 425.45 Td (ef) Tj ET Q q 0 0 0 rg BT 409.28 425.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 423.10 425.45 Td (from ) Tj ET Q q 0 0 0 rg BT 440.47 425.45 Td (December ) Tj ET Q q 0 0 0 rg BT 475.16 425.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 486.99 425.45 Td (2013. ) Tj ET Q q 0 0 0 rg BT 506.81 425.45 Td (See ) Tj ET Q q 0 0 0 rg BT 520.19 425.45 Td (footnote ) Tj ET Q q 0 0 0 rg BT 548.67 425.45 Td (\(10\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 415.85 Td (to ) Tj ET Q q 0 0 0 rg BT 58.22 415.85 Td (the ) Tj ET Q q 0 0 0 rg BT 70.00 415.85 Td (Summary ) Tj ET Q q 0 0 0 rg BT 103.11 415.85 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 151.18 415.85 Td (T) Tj ET Q q 0 0 0 rg BT 155.51 415.85 Td (able ) Tj ET Q q 0 0 0 rg BT 170.83 415.85 Td (for ) Tj ET Q q 0 0 0 rg BT 182.16 415.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 211.71 415.85 Td (made ) Tj ET Q q 0 0 0 rg BT 231.03 415.85 Td (to ) Tj ET Q q 0 0 0 rg BT 239.25 415.85 Td (him ) Tj ET Q q 0 0 0 rg BT 253.70 415.85 Td (in ) Tj ET Q q 0 0 0 rg BT 261.92 415.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 299.02 415.85 Td (with ) Tj ET Q q 0 0 0 rg BT 315.24 415.85 Td (the ) Tj ET Q q 0 0 0 rg BT 327.02 415.85 Td (termination ) Tj ET Q q 0 0 0 rg BT 365.89 415.85 Td (of ) Tj ET Q q 0 0 0 rg BT 374.56 415.85 Td (his ) Tj ET Q q 0 0 0 rg BT 385.89 415.85 Td (employment. ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (David ) Tj ET Q q 0 0 0 rg BT 71.55 397.25 Td (Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 381.65 Td (Because ) Tj ET Q q 0 0 0 rg BT 78.44 381.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 87.78 381.65 Td (. ) Tj ET Q q 0 0 0 rg BT 91.57 381.65 Td (Sach) Tj ET Q q 0 0 0 rg BT 109.34 381.65 Td (s ) Tj ET Q q 0 0 0 rg BT 114.25 381.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 156.03 381.65 Td (terminated ) Tj ET Q q 0 0 0 rg BT 192.03 381.65 Td (on ) Tj ET Q q 0 0 0 rg BT 201.82 381.65 Td (October ) Tj ET Q q 0 0 0 rg BT 229.38 381.65 Td (29, ) Tj ET Q q 0 0 0 rg BT 241.17 381.65 Td (2013 ) Tj ET Q q 0 0 0 rg BT 258.96 381.65 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 288.30 381.65 Td (to ) Tj ET Q q 0 0 0 rg BT 296.31 381.65 Td (the ) Tj ET Q q 0 0 0 rg BT 307.88 381.65 Td (Sach ) Tj ET Q q 0 0 0 rg BT 325.22 381.65 Td (Separation ) Tj ET Q q 0 0 0 rg BT 360.83 381.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 400.16 381.65 Td (he ) Tj ET Q q 0 0 0 rg BT 409.50 381.65 Td (was ) Tj ET Q q 0 0 0 rg BT 423.73 381.65 Td (not ) Tj ET Q q 0 0 0 rg BT 435.75 381.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 461.53 381.65 Td (to ) Tj ET Q q 0 0 0 rg BT 469.54 381.65 Td (any ) Tj ET Q q 0 0 0 rg BT 482.88 381.65 Td (termination ) Tj ET Q q 0 0 0 rg BT 521.55 381.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 554.00 381.65 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 372.05 Td (December ) Tj ET Q q 0 0 0 rg BT 84.87 372.05 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.87 372.05 Td (2013. ) Tj ET Q q 0 0 0 rg BT 116.87 372.05 Td (See ) Tj ET Q q 0 0 0 rg BT 130.42 372.05 Td (footnote ) Tj ET Q q 0 0 0 rg BT 159.08 372.05 Td (\(13\) ) Tj ET Q q 0 0 0 rg BT 174.41 372.05 Td (to ) Tj ET Q q 0 0 0 rg BT 182.63 372.05 Td (the ) Tj ET Q q 0 0 0 rg BT 194.40 372.05 Td (Summary ) Tj ET Q q 0 0 0 rg BT 227.51 372.05 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 275.59 372.05 Td (T) Tj ET Q q 0 0 0 rg BT 279.91 372.05 Td (able ) Tj ET Q q 0 0 0 rg BT 295.24 372.05 Td (for ) Tj ET Q q 0 0 0 rg BT 306.57 372.05 Td (payment ) Tj ET Q q 0 0 0 rg BT 336.11 372.05 Td (made ) Tj ET Q q 0 0 0 rg BT 355.44 372.05 Td (to ) Tj ET Q q 0 0 0 rg BT 363.66 372.05 Td (him ) Tj ET Q q 0 0 0 rg BT 378.11 372.05 Td (in ) Tj ET Q q 0 0 0 rg BT 386.33 372.05 Td (connection ) Tj ET Q q 0 0 0 rg BT 423.43 372.05 Td (with ) Tj ET Q q 0 0 0 rg BT 439.65 372.05 Td (the ) Tj ET Q q 0 0 0 rg BT 451.42 372.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 490.30 372.05 Td (of ) Tj ET Q q 0 0 0 rg BT 498.96 372.05 Td (his ) Tj ET Q q 0 0 0 rg BT 510.30 372.05 Td (employment.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 353.45 Td (Anthony ) Tj ET Q q 0 0 0 rg BT 80.46 353.45 Td (Chhoy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 337.85 Td (Because ) Tj ET Q q 0 0 0 rg BT 79.06 337.85 Td (Mr) Tj ET Q q 0 0 0 rg BT 88.39 337.85 Td (. ) Tj ET Q q 0 0 0 rg BT 92.79 337.85 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 116.35 337.85 Td (s ) Tj ET Q q 0 0 0 rg BT 121.87 337.85 Td (employment ) Tj ET Q q 0 0 0 rg BT 164.27 337.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 200.88 337.85 Td (on ) Tj ET Q q 0 0 0 rg BT 211.28 337.85 Td (November ) Tj ET Q q 0 0 0 rg BT 247.45 337.85 Td (15, ) Tj ET Q q 0 0 0 rg BT 259.85 337.85 Td (2013 ) Tj ET Q q 0 0 0 rg BT 278.25 337.85 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 308.21 337.85 Td (to ) Tj ET Q q 0 0 0 rg BT 316.83 337.85 Td (the ) Tj ET Q q 0 0 0 rg BT 329.01 337.85 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 352.75 337.85 Td (Separation ) Tj ET Q q 0 0 0 rg BT 388.83 337.85 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 428.78 337.85 Td (he ) Tj ET Q q 0 0 0 rg BT 438.73 337.85 Td (was ) Tj ET Q q 0 0 0 rg BT 453.58 337.85 Td (not ) Tj ET Q q 0 0 0 rg BT 466.20 337.85 Td (be ) Tj ET Q q 0 0 0 rg BT 476.16 337.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 502.55 337.85 Td (to ) Tj ET Q q 0 0 0 rg BT 511.18 337.85 Td (any ) Tj ET Q q 0 0 0 rg BT 525.13 337.85 Td (termination ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 83.12 328.25 Td (on ) Tj ET Q q 0 0 0 rg BT 93.58 328.25 Td (December ) Tj ET Q q 0 0 0 rg BT 128.91 328.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 141.38 328.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 161.84 328.25 Td (See ) Tj ET Q q 0 0 0 rg BT 175.85 328.25 Td (footnote ) Tj ET Q q 0 0 0 rg BT 204.97 328.25 Td (\(16\) ) Tj ET Q q 0 0 0 rg BT 220.76 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.45 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.68 328.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 275.25 328.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 323.76 328.25 Td (T) Tj ET Q q 0 0 0 rg BT 328.08 328.25 Td (able ) Tj ET Q q 0 0 0 rg BT 343.87 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 355.66 328.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 385.67 328.25 Td (made ) Tj ET Q q 0 0 0 rg BT 405.46 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 414.14 328.25 Td (him ) Tj ET Q q 0 0 0 rg BT 429.05 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.73 328.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 475.29 328.25 Td (with ) Tj ET Q q 0 0 0 rg BT 491.98 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.21 328.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 543.55 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.68 328.25 Td (his ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 318.65 Td (employment.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (107) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Dir) Tj ET Q q 0 0 0 rg BT 61.41 743.60 Td (ector) Tj ET Q q 0 0 0 rg BT 78.58 743.60 Td ( Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 728.00 Td (e ) Tj ET Q q 0 0 0 rg BT 62.68 728.00 Td (use ) Tj ET Q q 0 0 0 rg BT 75.56 728.00 Td (a ) Tj ET Q q 0 0 0 rg BT 81.32 728.00 Td (combination ) Tj ET Q q 0 0 0 rg BT 123.53 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.41 728.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.84 728.00 Td (and ) Tj ET Q q 0 0 0 rg BT 162.61 728.00 Td (equity ) Tj ET Q q 0 0 0 rg BT 184.82 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 193.26 728.00 Td (compensate ) Tj ET Q q 0 0 0 rg BT 233.24 728.00 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 281.21 728.00 Td (directors. ) Tj ET Q q 0 0 0 rg BT 313.26 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 327.91 728.00 Td (following ) Tj ET Q q 0 0 0 rg BT 361.24 728.00 Td (table ) Tj ET Q q 0 0 0 rg BT 379.00 728.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 393.21 728.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 410.98 728.00 Td (information ) Tj ET Q q 0 0 0 rg BT 450.97 728.00 Td (in ) Tj ET Q q 0 0 0 rg BT 459.41 728.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 484.27 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.15 728.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 539.80 728.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 555.79 728.00 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 97.85 718.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 127.92 718.40 Td (for ) Tj ET Q q 0 0 0 rg BT 139.33 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 151.19 718.40 Td (year ) Tj ET Q q 0 0 0 rg BT 167.04 718.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 188.22 718.40 Td (December ) Tj ET Q q 0 0 0 rg BT 223.17 718.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 235.26 718.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 253.34 718.40 Td (including ) Tj ET Q q 0 0 0 rg BT 285.64 718.40 Td (restricted ) Tj ET Q q 0 0 0 rg BT 317.49 718.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 336.46 718.40 Td (units. ) Tj ET Q q 0 0 0 rg BT 355.95 718.40 Td (W) Tj ET Q q 0 0 0 rg BT 362.86 718.40 Td (e ) Tj ET Q q 0 0 0 rg BT 368.50 718.40 Td (do ) Tj ET Q q 0 0 0 rg BT 378.58 718.40 Td (not ) Tj ET Q q 0 0 0 rg BT 390.89 718.40 Td (have ) Tj ET Q q 0 0 0 rg BT 408.07 718.40 Td (any ) Tj ET Q q 0 0 0 rg BT 421.71 718.40 Td (non-equity ) Tj ET Q q 0 0 0 rg BT 458.45 718.40 Td (incentive ) Tj ET Q q 0 0 0 rg BT 489.86 718.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 536.38 718.40 Td (plans ) Tj ET Q q 0 0 0 rg BT 555.35 718.40 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 95.58 708.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 124.71 708.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 171.63 708.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 201.21 708.80 Td (and ) Tj ET Q q 0 0 0 rg BT 215.25 708.80 Td (directors ) Tj ET Q q 0 0 0 rg BT 245.72 708.80 Td (received ) Tj ET Q q 0 0 0 rg BT 275.30 708.80 Td (no ) Tj ET Q q 0 0 0 rg BT 285.78 708.80 Td (other ) Tj ET Q q 0 0 0 rg BT 304.70 708.80 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 353.62 708.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 362.96 708.80 Td (. ) Tj ET Q q 0 0 0 rg BT 367.44 708.80 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 388.59 708.80 Td (did ) Tj ET Q q 0 0 0 rg BT 401.30 708.80 Td (not ) Tj ET Q q 0 0 0 rg BT 414.00 708.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 439.58 708.80 Td (any ) Tj ET Q q 0 0 0 rg BT 453.61 708.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 500.53 708.80 Td (for ) Tj ET Q q 0 0 0 rg BT 512.34 708.80 Td (his ) Tj ET Q q 0 0 0 rg BT 524.16 708.80 Td (service ) Tj ET Q q 0 0 0 rg BT 549.30 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 558.45 708.80 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (director ) Tj ET Q q 0 0 0 rg BT 76.88 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 90.43 699.20 Td (details ) Tj ET Q q 0 0 0 rg BT 113.31 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 121.97 699.20 Td (his ) Tj ET Q q 0 0 0 rg BT 133.31 699.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 179.74 699.20 Td (may ) Tj ET Q q 0 0 0 rg BT 195.52 699.20 Td (be ) Tj ET Q q 0 0 0 rg BT 205.07 699.20 Td (found ) Tj ET Q q 0 0 0 rg BT 225.73 699.20 Td (under ) Tj ET Q q 0 0 0 rg BT 245.95 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.72 699.20 Td (Summary ) Tj ET Q q 0 0 0 rg BT 290.83 699.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 338.90 699.20 Td (T) Tj ET Q q 0 0 0 rg BT 343.23 699.20 Td (able ) Tj ET Q q 0 0 0 rg BT 358.55 699.20 Td (above.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 667.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 667.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 667.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 667.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 667.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 637.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 637.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 637.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 637.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 637.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 607.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 607.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 607.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 607.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 607.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 577.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 577.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 577.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 577.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 577.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 547.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 547.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 547.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 547.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 547.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.70 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 517.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 517.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 517.70 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 517.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 517.70 121.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 667.7 m 311.5 667.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 667.7 m 436.5 667.7 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 667.7 m 561.5 667.7 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 671.93 Td (Name of Director) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 210.55 671.93 Td (Fees Earned or Paid in Cash) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.90 671.93 Td (Stock Awards \(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 489.15 671.93 Td (Total Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 656.95 Td (Ronald Lauder) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.00 656.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 656.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.00 656.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 656.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.00 656.95 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 656.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 641.95 Td (Herbert Granath) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 641.95 Td (87,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 641.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 641.95 Td (133,610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 626.95 Td (Paul Cappuccio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 626.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 626.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 626.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 611.95 Td (Michael Del Nin \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 611.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 611.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 611.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 596.95 Td (Charles Frank) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 596.95 Td (57,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 596.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 596.95 Td (103,610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 581.95 Td (Alfred Langer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 581.95 Td (69,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 581.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 581.95 Td (115,610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 566.95 Td (Fred Langhammer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 566.95 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 566.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 566.95 Td (106,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 551.95 Td (Bruce Maggin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 551.95 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 551.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 551.95 Td (106,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 536.95 Td (Parm Sandhu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 536.95 Td (67,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 536.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 536.95 Td (113,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 521.95 Td (Duco Sickinghe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 286.30 521.95 Td (64,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 521.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.30 521.95 Td (110,610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 506.95 Td (Kelli Turner) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 506.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.30 506.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 506.95 Td (46,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 491.95 Td (Eric Zinterhofer \(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 491.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 491.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 491.95 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 475.60 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 475.60 Td (These ) Tj ET Q q 0 0 0 rg BT 106.99 475.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 135.99 475.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 158.31 475.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 191.29 475.60 Td (grant ) Tj ET Q q 0 0 0 rg BT 209.62 475.60 Td (date ) Tj ET Q q 0 0 0 rg BT 224.84 475.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.83 475.60 Td (value ) Tj ET Q q 0 0 0 rg BT 257.05 475.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.60 475.60 Td (awards ) Tj ET Q q 0 0 0 rg BT 290.15 475.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 316.03 475.60 Td (during ) Tj ET Q q 0 0 0 rg BT 338.81 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.47 475.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 369.69 475.60 Td (year ) Tj ET Q q 0 0 0 rg BT 385.35 475.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 406.34 475.60 Td (December ) Tj ET Q q 0 0 0 rg BT 441.10 475.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 452.99 475.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 470.88 475.60 Td (in ) Tj ET Q q 0 0 0 rg BT 479.00 475.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 516.86 475.60 Td (with ) Tj ET Q q 0 0 0 rg BT 532.55 475.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 550.01 475.60 Td (718 ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.89 466.00 Td (awards ) Tj ET Q q 0 0 0 rg BT 119.76 466.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 149.54 466.00 Td (to ) Tj ET Q q 0 0 0 rg BT 157.98 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.98 466.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 190.42 466.00 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 222.40 466.00 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 240.36 466.00 Td (Assumptions ) Tj ET Q q 0 0 0 rg BT 284.36 466.00 Td (used ) Tj ET Q q 0 0 0 rg BT 301.25 466.00 Td (in ) Tj ET Q q 0 0 0 rg BT 309.69 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.69 466.00 Td (calculation ) Tj ET Q q 0 0 0 rg BT 359.00 466.00 Td (of ) Tj ET Q q 0 0 0 rg BT 367.89 466.00 Td (this ) Tj ET Q q 0 0 0 rg BT 381.67 466.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 407.89 466.00 Td (are ) Tj ET Q q 0 0 0 rg BT 419.88 466.00 Td (included ) Tj ET Q q 0 0 0 rg BT 449.64 466.00 Td (in ) Tj ET Q q 0 0 0 rg BT 458.09 466.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 473.20 466.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 482.75 466.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 499.63 466.00 Td (8, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.85 466.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 525.62 466.00 Td (17, ) Tj ET Q q 0 0 0 rg BT 537.84 466.00 Td ("Stock-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 456.40 Td (based ) Tj ET Q q 0 0 0 rg BT 107.16 456.40 Td (Compensation") Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.64 456.40 Td (. ) Tj ET Q q 0 0 0 rg BT 160.94 456.40 Td (All ) Tj ET Q q 0 0 0 rg BT 174.10 456.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 205.04 456.40 Td (elected ) Tj ET Q q 0 0 0 rg BT 230.63 456.40 Td (at ) Tj ET Q q 0 0 0 rg BT 239.35 456.40 Td (the ) Tj ET Q q 0 0 0 rg BT 252.07 456.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 270.36 456.40 Td (Annual ) Tj ET Q q 0 0 0 rg BT 296.86 456.40 Td (General ) Tj ET Q q 0 0 0 rg BT 325.12 456.40 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 354.72 456.40 Td (were ) Tj ET Q q 0 0 0 rg BT 373.21 456.40 Td (awarded ) Tj ET Q q 0 0 0 rg BT 403.25 456.40 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 434.20 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 434.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.34 434.20 Td (. ) Tj ET Q q 0 0 0 rg BT 99.34 434.20 Td (Del ) Tj ET Q q 0 0 0 rg BT 112.89 434.20 Td (Nin ) Tj ET Q q 0 0 0 rg BT 126.89 434.20 Td (resigned ) Tj ET Q q 0 0 0 rg BT 155.99 434.20 Td (as ) Tj ET Q q 0 0 0 rg BT 164.65 434.20 Td (a ) Tj ET Q q 0 0 0 rg BT 170.20 434.20 Td (director ) Tj ET Q q 0 0 0 rg BT 197.08 434.20 Td (on ) Tj ET Q q 0 0 0 rg BT 207.08 434.20 Td (September ) Tj ET Q q 0 0 0 rg BT 243.29 434.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 255.29 434.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 273.29 434.20 Td (in ) Tj ET Q q 0 0 0 rg BT 281.51 434.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 318.61 434.20 Td (with ) Tj ET Q q 0 0 0 rg BT 334.83 434.20 Td (his ) Tj ET Q q 0 0 0 rg BT 346.17 434.20 Td (appointment ) Tj ET Q q 0 0 0 rg BT 388.16 434.20 Td (as ) Tj ET Q q 0 0 0 rg BT 396.82 434.20 Td (co-CEO.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 421.60 Td (\(3\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 421.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.34 421.60 Td (. ) Tj ET Q q 0 0 0 rg BT 99.34 421.60 Td (Zinterhofer ) Tj ET Q q 0 0 0 rg BT 137.76 421.60 Td (resigned ) Tj ET Q q 0 0 0 rg BT 166.86 421.60 Td (as ) Tj ET Q q 0 0 0 rg BT 175.53 421.60 Td (a ) Tj ET Q q 0 0 0 rg BT 181.08 421.60 Td (director ) Tj ET Q q 0 0 0 rg BT 207.95 421.60 Td (on ) Tj ET Q q 0 0 0 rg BT 217.95 421.60 Td (July ) Tj ET Q q 0 0 0 rg BT 233.29 421.60 Td (18, ) Tj ET Q q 0 0 0 rg BT 245.29 421.60 Td (2013.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 403.00 Td (Dir) Tj ET Q q 0 0 0 rg BT 61.41 403.00 Td (ectors) Tj ET Q q 0 0 0 rg BT 83.91 403.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.91 403.00 Td (Fees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 387.40 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 387.40 Td (e ) Tj ET Q q 0 0 0 rg BT 62.23 387.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 75.55 387.40 Td (a ) Tj ET Q q 0 0 0 rg BT 80.87 387.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.86 387.40 Td (fee ) Tj ET Q q 0 0 0 rg BT 108.40 387.40 Td (to ) Tj ET Q q 0 0 0 rg BT 116.39 387.40 Td (each ) Tj ET Q q 0 0 0 rg BT 132.81 387.40 Td (of ) Tj ET Q q 0 0 0 rg BT 141.25 387.40 Td (our ) Tj ET Q q 0 0 0 rg BT 153.68 387.40 Td (independent ) Tj ET Q q 0 0 0 rg BT 194.55 387.40 Td (directors ) Tj ET Q q 0 0 0 rg BT 224.31 387.40 Td (of ) Tj ET Q q 0 0 0 rg BT 232.74 387.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 248.74 387.40 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 272.51 387.40 Td (per ) Tj ET Q q 0 0 0 rg BT 284.50 387.40 Td (annum. ) Tj ET Q q 0 0 0 rg BT 309.91 387.40 Td (W) Tj ET Q q 0 0 0 rg BT 316.82 387.40 Td (e ) Tj ET Q q 0 0 0 rg BT 322.14 387.40 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 355.90 387.40 Td (each ) Tj ET Q q 0 0 0 rg BT 372.32 387.40 Td (director ) Tj ET Q q 0 0 0 rg BT 398.97 387.40 Td (for ) Tj ET Q q 0 0 0 rg BT 410.07 387.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 440.72 387.40 Td (in ) Tj ET Q q 0 0 0 rg BT 448.71 387.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 485.58 387.40 Td (with ) Tj ET Q q 0 0 0 rg BT 501.57 387.40 Td (attending ) Tj ET Q q 0 0 0 rg BT 533.11 387.40 Td (meetings ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 59.10 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 71.31 377.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 93.30 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 102.41 377.80 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 136.61 377.80 Td (Members ) Tj ET Q q 0 0 0 rg BT 169.26 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 178.37 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 190.04 377.80 Td (Audit ) Tj ET Q q 0 0 0 rg BT 210.70 377.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 248.69 377.80 Td (are ) Tj ET Q q 0 0 0 rg BT 260.89 377.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 277.11 377.80 Td (an ) Tj ET Q q 0 0 0 rg BT 287.10 377.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 321.53 377.80 Td (annual ) Tj ET Q q 0 0 0 rg BT 345.29 377.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.94 377.80 Td (fee ) Tj ET Q q 0 0 0 rg BT 374.15 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 383.25 377.80 Td (US$ ) Tj ET Q q 0 0 0 rg BT 399.91 377.80 Td (12,000. ) Tj ET Q q 0 0 0 rg BT 426.18 377.80 Td (The ) Tj ET Q q 0 0 0 rg BT 441.05 377.80 Td (members ) Tj ET Q q 0 0 0 rg BT 472.81 377.80 Td (of ) Tj ET Q q 0 0 0 rg BT 481.92 377.80 Td (the ) Tj ET Q q 0 0 0 rg BT 493.59 377.80 Td (Audit ) Tj ET Q q 0 0 0 rg BT 514.25 377.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 552.24 377.80 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 368.20 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 76.46 368.20 Td (Langer) Tj ET Q q 0 0 0 rg BT 98.79 368.20 Td (, ) Tj ET Q q 0 0 0 rg BT 102.58 368.20 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 128.37 368.20 Td (and ) Tj ET Q q 0 0 0 rg BT 141.71 368.20 Td (Sickinghe. ) Tj ET Q q 0 0 0 rg BT 177.50 368.20 Td (Members ) Tj ET Q q 0 0 0 rg BT 209.50 368.20 Td (of ) Tj ET Q q 0 0 0 rg BT 217.96 368.20 Td (each ) Tj ET Q q 0 0 0 rg BT 234.40 368.20 Td (of ) Tj ET Q q 0 0 0 rg BT 242.85 368.20 Td (the ) Tj ET Q q 0 0 0 rg BT 254.42 368.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 302.42 368.20 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 341.77 368.20 Td (the ) Tj ET Q q 0 0 0 rg BT 353.33 368.20 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 387.11 368.20 Td (Governance/Nominating ) Tj ET Q q 0 0 0 rg BT 467.98 368.20 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 507.32 368.20 Td (the ) Tj ET Q q 0 0 0 rg BT 518.89 368.20 Td (Related ) Tj ET Q q 0 0 0 rg BT 545.11 368.20 Td (Party ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 358.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.61 358.60 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 91.85 358.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 128.65 358.60 Td (\(until ) Tj ET Q q 0 0 0 rg BT 147.24 358.60 Td (its ) Tj ET Q q 0 0 0 rg BT 156.05 358.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 186.18 358.60 Td (were ) Tj ET Q q 0 0 0 rg BT 202.98 358.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 231.79 358.60 Td (by ) Tj ET Q q 0 0 0 rg BT 241.04 358.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.07 358.60 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 285.31 358.60 Td (Governance/Nominating ) Tj ET Q q 0 0 0 rg BT 365.65 358.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 402.45 358.60 Td (in ) Tj ET Q q 0 0 0 rg BT 409.93 358.60 Td (June ) Tj ET Q q 0 0 0 rg BT 425.85 358.60 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 445.77 358.60 Td (and ) Tj ET Q q 0 0 0 rg BT 458.57 358.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.51 358.60 Td (T) Tj ET Q q 0 0 0 rg BT 474.11 358.60 Td (reasury/Finance ) Tj ET Q q 0 0 0 rg BT 526.46 358.60 Td (Committee ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 349.00 Td (\(other ) Tj ET Q q 0 0 0 rg BT 71.36 349.00 Td (than ) Tj ET Q q 0 0 0 rg BT 87.40 349.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 96.74 349.00 Td (. ) Tj ET Q q 0 0 0 rg BT 101.00 349.00 Td (Del ) Tj ET Q q 0 0 0 rg BT 114.81 349.00 Td (Nin\) ) Tj ET Q q 0 0 0 rg BT 131.74 349.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 157.09 349.00 Td (an ) Tj ET Q q 0 0 0 rg BT 166.91 349.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 201.16 349.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 224.75 349.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 241.22 349.00 Td (fee ) Tj ET Q q 0 0 0 rg BT 253.25 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 262.18 349.00 Td (US$ ) Tj ET Q q 0 0 0 rg BT 278.67 349.00 Td (5,000. ) Tj ET Q q 0 0 0 rg BT 300.77 349.00 Td (The ) Tj ET Q q 0 0 0 rg BT 315.47 349.00 Td (members ) Tj ET Q q 0 0 0 rg BT 347.06 349.00 Td (of ) Tj ET Q q 0 0 0 rg BT 355.98 349.00 Td (the ) Tj ET Q q 0 0 0 rg BT 368.02 349.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 416.50 349.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 454.31 349.00 Td (are ) Tj ET Q q 0 0 0 rg BT 466.34 349.00 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 493.27 349.00 Td (Maggin, ) Tj ET Q q 0 0 0 rg BT 522.42 349.00 Td (Granath ) Tj ET Q q 0 0 0 rg BT 550.45 349.00 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 339.40 Td (Langhammer) Tj ET Q q 0 0 0 rg BT 92.21 339.40 Td (. ) Tj ET Q q 0 0 0 rg BT 95.84 339.40 Td (The ) Tj ET Q q 0 0 0 rg BT 110.03 339.40 Td (members ) Tj ET Q q 0 0 0 rg BT 141.12 339.40 Td (of ) Tj ET Q q 0 0 0 rg BT 149.54 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 161.07 339.40 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 194.81 339.40 Td (Governance/Nominating ) Tj ET Q q 0 0 0 rg BT 275.66 339.40 Td (Committee ) Tj ET Q q 0 0 0 rg BT 312.97 339.40 Td (were ) Tj ET Q q 0 0 0 rg BT 330.27 339.40 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 356.69 339.40 Td (Granath, ) Tj ET Q q 0 0 0 rg BT 386.22 339.40 Td (Langer) Tj ET Q q 0 0 0 rg BT 408.55 339.40 Td (, ) Tj ET Q q 0 0 0 rg BT 412.31 339.40 Td (Langhammer ) Tj ET Q q 0 0 0 rg BT 456.71 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 470.02 339.40 Td (Maggin. ) Tj ET Q q 0 0 0 rg BT 498.54 339.40 Td (The ) Tj ET Q q 0 0 0 rg BT 512.73 339.40 Td (members ) Tj ET Q q 0 0 0 rg BT 543.82 339.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.24 339.40 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 329.80 Td (Related ) Tj ET Q q 0 0 0 rg BT 76.68 329.80 Td (Party ) Tj ET Q q 0 0 0 rg BT 95.66 329.80 Td (T) Tj ET Q q 0 0 0 rg BT 100.26 329.80 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 138.50 329.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 176.30 329.80 Td (were ) Tj ET Q q 0 0 0 rg BT 194.10 329.80 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 221.01 329.80 Td (Frank, ) Tj ET Q q 0 0 0 rg BT 243.93 329.80 Td (Granath, ) Tj ET Q q 0 0 0 rg BT 273.94 329.80 Td (Langer ) Tj ET Q q 0 0 0 rg BT 298.85 329.80 Td (and ) Tj ET Q q 0 0 0 rg BT 312.65 329.80 Td (Sickinghe. ) Tj ET Q q 0 0 0 rg BT 348.73 329.80 Td (The ) Tj ET Q q 0 0 0 rg BT 363.42 329.80 Td (members ) Tj ET Q q 0 0 0 rg BT 394.99 329.80 Td (of ) Tj ET Q q 0 0 0 rg BT 403.91 329.80 Td (the ) Tj ET Q q 0 0 0 rg BT 415.77 329.80 Td (T) Tj ET Q q 0 0 0 rg BT 420.37 329.80 Td (reasury/Finance ) Tj ET Q q 0 0 0 rg BT 473.71 329.80 Td (Committee ) Tj ET Q q 0 0 0 rg BT 511.51 329.80 Td (are ) Tj ET Q q 0 0 0 rg BT 523.53 329.80 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 550.45 329.80 Td (Del ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 320.20 Td (Nin ) Tj ET Q q 0 0 0 rg BT 64.00 320.20 Td (\(until ) Tj ET Q q 0 0 0 rg BT 83.33 320.20 Td (September ) Tj ET Q q 0 0 0 rg BT 119.54 320.20 Td (2013\), ) Tj ET Q q 0 0 0 rg BT 142.21 320.20 Td (Frank ) Tj ET Q q 0 0 0 rg BT 162.87 320.20 Td (and ) Tj ET Q q 0 0 0 rg BT 176.42 320.20 Td (Sandhu ) Tj ET Q q 0 0 0 rg BT 202.42 320.20 Td (and ) Tj ET Q q 0 0 0 rg BT 215.97 320.20 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 230.05 320.20 Td (T) Tj ET Q q 0 0 0 rg BT 234.66 320.20 Td (urner) Tj ET Q q 0 0 0 rg BT 251.10 320.20 Td (. ) Tj ET Q q 0 0 0 rg BT 255.10 320.20 Td (In ) Tj ET Q q 0 0 0 rg BT 263.76 320.20 Td (addition, ) Tj ET Q q 0 0 0 rg BT 293.98 320.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 303.32 320.20 Td (. ) Tj ET Q q 0 0 0 rg BT 307.32 320.20 Td (Granath ) Tj ET Q q 0 0 0 rg BT 335.08 320.20 Td (received ) Tj ET Q q 0 0 0 rg BT 364.17 320.20 Td (US$ ) Tj ET Q q 0 0 0 rg BT 380.40 320.20 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 404.40 320.20 Td (as ) Tj ET Q q 0 0 0 rg BT 412.92 320.20 Td (V) Tj ET Q q 0 0 0 rg BT 418.21 320.20 Td (ice ) Tj ET Q q 0 0 0 rg BT 429.54 320.20 Td (Chairman.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td (Annual ) Tj ET Q q 0 0 0 rg BT 77.35 301.60 Td (Equity ) Tj ET Q q 0 0 0 rg BT 102.47 301.60 Td (Grant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 286.00 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.06 286.00 Td (to ) Tj ET Q q 0 0 0 rg BT 88.34 286.00 Td (our ) Tj ET Q q 0 0 0 rg BT 101.06 286.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 121.34 286.00 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 153.16 286.00 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 171.45 286.00 Td (on ) Tj ET Q q 0 0 0 rg BT 181.50 286.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.34 286.00 Td (date ) Tj ET Q q 0 0 0 rg BT 208.72 286.00 Td (of ) Tj ET Q q 0 0 0 rg BT 217.44 286.00 Td (each ) Tj ET Q q 0 0 0 rg BT 234.15 286.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 257.54 286.00 Td (general ) Tj ET Q q 0 0 0 rg BT 283.13 286.00 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 312.96 286.00 Td (each ) Tj ET Q q 0 0 0 rg BT 329.67 286.00 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 377.49 286.00 Td (director ) Tj ET Q q 0 0 0 rg BT 404.43 286.00 Td (who ) Tj ET Q q 0 0 0 rg BT 420.26 286.00 Td (has ) Tj ET Q q 0 0 0 rg BT 432.98 286.00 Td (served ) Tj ET Q q 0 0 0 rg BT 455.92 286.00 Td (as ) Tj ET Q q 0 0 0 rg BT 464.64 286.00 Td (a ) Tj ET Q q 0 0 0 rg BT 470.25 286.00 Td (director ) Tj ET Q q 0 0 0 rg BT 497.19 286.00 Td (since ) Tj ET Q q 0 0 0 rg BT 515.68 286.00 Td (the ) Tj ET Q q 0 0 0 rg BT 527.52 286.00 Td (last ) Tj ET Q q 0 0 0 rg BT 540.68 286.00 Td (annual ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 276.40 Td (general ) Tj ET Q q 0 0 0 rg BT 76.16 276.40 Td (meeting ) Tj ET Q q 0 0 0 rg BT 104.54 276.40 Td (or ) Tj ET Q q 0 0 0 rg BT 113.82 276.40 Td (who ) Tj ET Q q 0 0 0 rg BT 130.21 276.40 Td (has ) Tj ET Q q 0 0 0 rg BT 143.50 276.40 Td (been ) Tj ET Q q 0 0 0 rg BT 161.21 276.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 194.93 276.40 Td (approved ) Tj ET Q q 0 0 0 rg BT 227.31 276.40 Td (by ) Tj ET Q q 0 0 0 rg BT 237.93 276.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.32 276.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 272.49 276.40 Td (although ) Tj ET Q q 0 0 0 rg BT 303.10 276.40 Td (having ) Tj ET Q q 0 0 0 rg BT 327.49 276.40 Td (served ) Tj ET Q q 0 0 0 rg BT 350.98 276.40 Td (a ) Tj ET Q q 0 0 0 rg BT 357.15 276.40 Td (shorter ) Tj ET Q q 0 0 0 rg BT 381.98 276.40 Td (term ) Tj ET Q q 0 0 0 rg BT 399.26 276.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 416.98 276.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 442.69 276.40 Td (either ) Tj ET Q q 0 0 0 rg BT 463.52 276.40 Td (non-incentive ) Tj ET Q q 0 0 0 rg BT 510.12 276.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 529.62 276.40 Td (options ) Tj ET Q q 0 0 0 rg BT 555.79 276.40 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 266.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 81.33 266.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 104.23 266.80 Td (of ) Tj ET Q q 0 0 0 rg BT 113.79 266.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 133.39 266.80 Td (A) Tj ET Q q 0 0 0 rg BT 138.73 266.80 Td ( ) Tj ET Q q 0 0 0 rg BT 141.63 266.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 174.31 266.80 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 197.44 266.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 230.10 266.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 249.89 266.80 Td (or ) Tj ET Q q 0 0 0 rg BT 259.46 266.80 Td (restricted ) Tj ET Q q 0 0 0 rg BT 292.12 266.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 311.91 266.80 Td (units ) Tj ET Q q 0 0 0 rg BT 330.37 266.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 342.60 266.80 Td (a ) Tj ET Q q 0 0 0 rg BT 349.05 266.80 Td (combination ) Tj ET Q q 0 0 0 rg BT 391.95 266.80 Td (thereof\), ) Tj ET Q q 0 0 0 rg BT 422.17 266.80 Td (as ) Tj ET Q q 0 0 0 rg BT 431.73 266.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 470.62 266.80 Td (in ) Tj ET Q q 0 0 0 rg BT 479.75 266.80 Td (the ) Tj ET Q q 0 0 0 rg BT 492.42 266.80 Td (sole ) Tj ET Q q 0 0 0 rg BT 508.21 266.80 Td (discretion ) Tj ET Q q 0 0 0 rg BT 542.66 266.80 Td (of ) Tj ET Q q 0 0 0 rg BT 552.23 266.80 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 257.20 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 98.22 257.20 Td (Committee.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 241.60 Td (The ) Tj ET Q q 0 0 0 rg BT 65.00 241.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 85.79 241.60 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 118.12 241.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 134.91 241.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 165.03 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.37 241.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 226.15 241.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 264.27 241.60 Td (with ) Tj ET Q q 0 0 0 rg BT 281.06 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.40 241.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 324.85 241.60 Td (to ) Tj ET Q q 0 0 0 rg BT 333.64 241.60 Td (stipulate ) Tj ET Q q 0 0 0 rg BT 363.31 241.60 Td (the ) Tj ET Q q 0 0 0 rg BT 375.65 241.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 401.32 241.60 Td (period ) Tj ET Q q 0 0 0 rg BT 424.33 241.60 Td (for ) Tj ET Q q 0 0 0 rg BT 436.22 241.60 Td (all ) Tj ET Q q 0 0 0 rg BT 446.79 241.60 Td (automatic ) Tj ET Q q 0 0 0 rg BT 480.89 241.60 Td (awards, ) Tj ET Q q 0 0 0 rg BT 508.12 241.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 536.45 241.60 Td (options, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 232.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 81.48 232.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 100.08 232.00 Td (or ) Tj ET Q q 0 0 0 rg BT 108.47 232.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 139.95 232.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 158.55 232.00 Td (units. ) Tj ET Q q 0 0 0 rg BT 177.70 232.00 Td (The ) Tj ET Q q 0 0 0 rg BT 191.86 232.00 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 239.79 232.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 277.06 232.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 314.76 232.00 Td (that ) Tj ET Q q 0 0 0 rg BT 328.48 232.00 Td (the ) Tj ET Q q 0 0 0 rg BT 339.97 232.00 Td (automatic ) Tj ET Q q 0 0 0 rg BT 373.23 232.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 391.39 232.00 Td (for ) Tj ET Q q 0 0 0 rg BT 402.43 232.00 Td (2013 ) Tj ET Q q 0 0 0 rg BT 420.15 232.00 Td (should ) Tj ET Q q 0 0 0 rg BT 443.20 232.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 467.14 232.00 Td (solely ) Tj ET Q q 0 0 0 rg BT 487.97 232.00 Td (of ) Tj ET Q q 0 0 0 rg BT 496.35 232.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.83 232.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.44 232.00 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 222.40 Td (with ) Tj ET Q q 0 0 0 rg BT 66.22 222.40 Td (a ) Tj ET Q q 0 0 0 rg BT 71.77 222.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 96.88 222.40 Td (period ) Tj ET Q q 0 0 0 rg BT 119.32 222.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.98 222.40 Td (one ) Tj ET Q q 0 0 0 rg BT 141.54 222.40 Td (year) Tj ET Q q 0 0 0 rg BT 154.86 222.40 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (108) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 731.60 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 731.60 Td (12. ) Tj ET Q q 0 0 0 rg BT 95.00 731.60 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 136.05 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 141.20 731.60 Td (OWNERSHIP) Tj ET Q q 0 0 0 rg BT 190.55 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 195.70 731.60 Td (OF) Tj ET Q q 0 0 0 rg BT 206.52 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 211.67 731.60 Td (CER) Tj ET Q q 0 0 0 rg BT 228.28 731.60 Td (T) Tj ET Q q 0 0 0 rg BT 233.02 731.60 Td (AIN ) Tj ET Q q 0 0 0 rg BT 252.85 731.60 Td (BENEFICIAL) Tj ET Q q 0 0 0 rg BT 302.20 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.35 731.60 Td (OWNERS ) Tj ET Q q 0 0 0 rg BT 346.94 731.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 369.42 731.60 Td (MANAGEMENT) Tj ET Q q 0 0 0 rg BT 429.72 731.60 Td ( ) Tj ET Q q 0 0 0 rg BT 433.74 731.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 456.23 731.60 Td (RELA) Tj ET Q q 0 0 0 rg BT 477.86 731.60 Td (TED ) Tj ET Q q 0 0 0 rg BT 499.47 731.60 Td (ST) Tj ET Q q 0 0 0 rg BT 509.11 731.60 Td (OCKHOLDER ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 95.00 722.00 Td (MA) Tj ET Q q 0 0 0 rg BT 107.73 722.00 Td (TTERS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 706.40 Td (Equity ) Tj ET Q q 0 0 0 rg BT 75.12 706.40 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 126.46 706.40 Td (Plan ) Tj ET Q q 0 0 0 rg BT 144.02 706.40 Td (Information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 690.80 Td (The ) Tj ET Q q 0 0 0 rg BT 64.01 690.80 Td (following ) Tj ET Q q 0 0 0 rg BT 96.69 690.80 Td (table ) Tj ET Q q 0 0 0 rg BT 113.80 690.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 142.93 690.80 Td (information ) Tj ET Q q 0 0 0 rg BT 182.27 690.80 Td (as ) Tj ET Q q 0 0 0 rg BT 190.50 690.80 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.73 690.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 245.17 690.80 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.17 690.80 Td ( ) Tj ET Q q 0 0 0 rg BT 262.74 690.80 Td (about ) Tj ET Q q 0 0 0 rg BT 282.09 690.80 Td (common ) Tj ET Q q 0 0 0 rg BT 311.65 690.80 Td (stock ) Tj ET Q q 0 0 0 rg BT 330.11 690.80 Td (that ) Tj ET Q q 0 0 0 rg BT 343.68 690.80 Td (may ) Tj ET Q q 0 0 0 rg BT 359.02 690.80 Td (be ) Tj ET Q q 0 0 0 rg BT 368.14 690.80 Td (issued ) Tj ET Q q 0 0 0 rg BT 389.71 690.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 407.28 690.80 Td (the ) Tj ET Q q 0 0 0 rg BT 418.63 690.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 446.40 690.80 Td (of ) Tj ET Q q 0 0 0 rg BT 454.63 690.80 Td (options, ) Tj ET Q q 0 0 0 rg BT 481.76 690.80 Td (warrants ) Tj ET Q q 0 0 0 rg BT 510.88 690.80 Td (and ) Tj ET Q q 0 0 0 rg BT 524.00 690.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 543.79 690.80 Td (under ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 681.20 Td (all ) Tj ET Q q 0 0 0 rg BT 60.00 681.20 Td (of ) Tj ET Q q 0 0 0 rg BT 68.66 681.20 Td (our ) Tj ET Q q 0 0 0 rg BT 81.32 681.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 108.66 681.20 Td (equity ) Tj ET Q q 0 0 0 rg BT 130.65 681.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 177.09 681.20 Td (plans.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 595.70 134.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 595.70 117.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 595.70 17.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 595.70 111.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 595.70 13.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 595.70 120.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 561.70 134.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 561.70 117.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 561.70 17.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 561.70 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 561.70 13.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 561.70 120.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 527.70 134.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 527.70 117.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 527.70 17.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 527.70 111.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 527.70 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 527.70 120.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 655.7 m 183.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 655.7 m 300.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 655.7 m 317.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 655.7 m 428.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 655.7 m 441.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 655.7 m 561.5 655.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 640.7 m 300.5 640.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 640.7 m 428.5 640.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 640.7 m 561.5 640.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 595.7 m 183.5 595.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 595.7 m 300.5 595.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 595.7 m 428.5 595.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 595.7 m 561.5 595.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 527.7 m 300.5 527.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 513.7 m 300.5 513.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 511.7 m 300.5 511.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 527.7 m 561.5 527.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 513.7 m 561.5 513.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 511.7 m 561.5 511.7 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.00 659.95 Td (Equity Compensation Plan Information) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.05 644.95 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.80 644.95 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.55 644.95 Td (\(c\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 93.20 599.95 Td (Plan Category) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.05 615.95 Td (Number of securities to be issued) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.40 607.95 Td (upon exercise of outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.05 599.95 Td (options, warrants and rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.70 615.95 Td (Weighted average exercise price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.95 607.95 Td (of outstanding options, warrants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.60 599.95 Td (and rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.20 631.95 Td (Number of securities remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.65 623.95 Td (available for future issuance under) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.30 615.95 Td (equity compensation plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.65 607.95 Td (\(excluding securities reflected in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.20 599.95 Td (column \(a\)\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 586.93 Td (Equity compensation plans approved) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 578.93 Td (by security holders:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 565.95 Td (Stock options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.65 565.95 Td (390,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 565.95 Td ($27.26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.30 565.95 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.00 552.95 Td (Restricted stock units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.65 552.95 Td (1,017,622) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.60 552.95 Td (n/a) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.30 552.95 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 539.95 Td (Equity compensation plans not) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 531.95 Td (approved by security holders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.65 531.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.50 531.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.00 531.95 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 516.93 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 228.65 516.93 Td (1,408,122) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.50 516.93 Td ($27.26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.00 516.93 Td (2,958,915) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 500.60 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 500.60 Td (There were 2,958,915 shares available for issuance under under equity compensation plans at December 31, 2013 under CME) Tj ET Q q 0 0 0 rg BT 491.65 500.60 Td (s ) Tj ET Q q 0 0 0 rg BT 496.32 500.60 Td (Amended and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 491.00 Td (Restated Stock Incentive Plan after reflecting both stock options and restricted stock units in column \(a\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.00 33.00 Td (109) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Security Ownership of Certain Beneficial Owners and Management) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.35 728.00 Td (following ) Tj ET Q q 0 0 0 rg BT 97.37 728.00 Td (table ) Tj ET Q q 0 0 0 rg BT 114.83 728.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 128.75 728.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 146.21 728.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 169.88 728.00 Td (information ) Tj ET Q q 0 0 0 rg BT 209.57 728.00 Td (as ) Tj ET Q q 0 0 0 rg BT 218.14 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.72 728.00 Td (February ) Tj ET Q q 0 0 0 rg BT 257.51 728.00 Td (21, ) Tj ET Q q 0 0 0 rg BT 269.43 728.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 287.34 728.00 Td (with ) Tj ET Q q 0 0 0 rg BT 303.48 728.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 328.04 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 336.18 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 347.86 728.00 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 381.31 728.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 416.55 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 425.13 728.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 447.04 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 455.61 728.00 Td (our ) Tj ET Q q 0 0 0 rg BT 468.19 728.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 507.43 728.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 529.79 728.00 Td (securities, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (consisting ) Tj ET Q q 0 0 0 rg BT 84.94 718.40 Td (of ) Tj ET Q q 0 0 0 rg BT 94.10 718.40 Td (our ) Tj ET Q q 0 0 0 rg BT 107.26 718.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 126.54 718.40 Td (A) Tj ET Q q 0 0 0 rg BT 131.87 718.40 Td ( ) Tj ET Q q 0 0 0 rg BT 134.37 718.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 166.64 718.40 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 189.36 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 203.40 718.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 224.90 718.40 Td (A) Tj ET Q q 0 0 0 rg BT 230.23 718.40 Td ( ) Tj ET Q q 0 0 0 rg BT 232.73 718.40 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 272.99 718.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 305.24 718.40 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 327.96 718.40 Td (and ) Tj ET Q q 0 0 0 rg BT 342.00 718.40 Td (also ) Tj ET Q q 0 0 0 rg BT 357.39 718.40 Td (sets ) Tj ET Q q 0 0 0 rg BT 371.88 718.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 389.92 718.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 414.18 718.40 Td (information ) Tj ET Q q 0 0 0 rg BT 454.44 718.40 Td (with ) Tj ET Q q 0 0 0 rg BT 471.16 718.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 496.31 718.40 Td (to ) Tj ET Q q 0 0 0 rg BT 505.02 718.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 527.96 718.40 Td (power ) Tj ET Q q 0 0 0 rg BT 550.45 718.40 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (percentage ) Tj ET Q q 0 0 0 rg BT 86.69 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 95.40 708.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 130.77 708.80 Td (as ) Tj ET Q q 0 0 0 rg BT 139.48 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 148.20 708.80 Td (February ) Tj ET Q q 0 0 0 rg BT 179.12 708.80 Td (21, ) Tj ET Q q 0 0 0 rg BT 191.17 708.80 Td (2014, ) Tj ET Q q 0 0 0 rg BT 211.21 708.80 Td (by ) Tj ET Q q 0 0 0 rg BT 221.26 708.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 230.86 708.80 Td (each ) Tj ET Q q 0 0 0 rg BT 247.56 708.80 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 286.92 708.80 Td (known ) Tj ET Q q 0 0 0 rg BT 310.75 708.80 Td (by ) Tj ET Q q 0 0 0 rg BT 320.79 708.80 Td (us ) Tj ET Q q 0 0 0 rg BT 329.95 708.80 Td (to ) Tj ET Q q 0 0 0 rg BT 338.22 708.80 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 378.03 708.80 Td (own ) Tj ET Q q 0 0 0 rg BT 393.85 708.80 Td (more ) Tj ET Q q 0 0 0 rg BT 412.34 708.80 Td (than ) Tj ET Q q 0 0 0 rg BT 428.16 708.80 Td (5% ) Tj ET Q q 0 0 0 rg BT 440.87 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 449.58 708.80 Td (any ) Tj ET Q q 0 0 0 rg BT 463.18 708.80 Td (class ) Tj ET Q q 0 0 0 rg BT 480.77 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 489.48 708.80 Td (our ) Tj ET Q q 0 0 0 rg BT 502.20 708.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 541.57 708.80 Td (voting ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (securities, ) Tj ET Q q 0 0 0 rg BT 84.30 699.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 96.16 699.20 Td (each ) Tj ET Q q 0 0 0 rg BT 112.91 699.20 Td (director) Tj ET Q q 0 0 0 rg BT 137.46 699.20 Td (, ) Tj ET Q q 0 0 0 rg BT 141.55 699.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 155.64 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 167.50 699.20 Td (named ) Tj ET Q q 0 0 0 rg BT 190.91 699.20 Td (executive ) Tj ET Q q 0 0 0 rg BT 223.65 699.20 Td (of) Tj ET Q q 0 0 0 rg BT 230.17 699.20 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 252.03 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 265.67 699.20 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 279.31 699.20 Td (all ) Tj ET Q q 0 0 0 rg BT 289.39 699.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 319.47 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 333.11 699.20 Td (executive ) Tj ET Q q 0 0 0 rg BT 365.85 699.20 Td (of) Tj ET Q q 0 0 0 rg BT 372.37 699.20 Td (ficers ) Tj ET Q q 0 0 0 rg BT 392.23 699.20 Td (as ) Tj ET Q q 0 0 0 rg BT 400.98 699.20 Td (a ) Tj ET Q q 0 0 0 rg BT 406.62 699.20 Td (group. ) Tj ET Q q 0 0 0 rg BT 429.38 699.20 Td (Except ) Tj ET Q q 0 0 0 rg BT 453.68 699.20 Td (as ) Tj ET Q q 0 0 0 rg BT 462.43 699.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 495.62 699.20 Td (noted ) Tj ET Q q 0 0 0 rg BT 515.48 699.20 Td (below) Tj ET Q q 0 0 0 rg BT 534.52 699.20 Td (, ) Tj ET Q q 0 0 0 rg BT 538.61 699.20 Td (each ) Tj ET Q q 0 0 0 rg BT 555.35 699.20 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.87 689.60 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 104.40 689.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 137.16 689.60 Td (in ) Tj ET Q q 0 0 0 rg BT 145.48 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.35 689.60 Td (table ) Tj ET Q q 0 0 0 rg BT 175.00 689.60 Td (has ) Tj ET Q q 0 0 0 rg BT 187.76 689.60 Td (sole ) Tj ET Q q 0 0 0 rg BT 202.75 689.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 225.29 689.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.95 689.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 276.15 689.60 Td (power ) Tj ET Q q 0 0 0 rg BT 298.24 689.60 Td (over ) Tj ET Q q 0 0 0 rg BT 314.56 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.43 689.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 348.52 689.60 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 388.38 689.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 411.81 689.60 Td (by ) Tj ET Q q 0 0 0 rg BT 421.91 689.60 Td (such ) Tj ET Q q 0 0 0 rg BT 438.67 689.60 Td (person. ) Tj ET Q q 0 0 0 rg BT 464.10 689.60 Td (None ) Tj ET Q q 0 0 0 rg BT 483.53 689.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.29 689.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.16 689.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 526.25 689.60 Td (held ) Tj ET Q q 0 0 0 rg BT 542.13 689.60 Td (by ) Tj ET Q q 0 0 0 rg BT 552.23 689.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 79.99 680.00 Td (or ) Tj ET Q q 0 0 0 rg BT 88.65 680.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 121.30 680.00 Td (of) Tj ET Q q 0 0 0 rg BT 127.82 680.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 147.59 680.00 Td (are ) Tj ET Q q 0 0 0 rg BT 159.35 680.00 Td (pledged, ) Tj ET Q q 0 0 0 rg BT 188.68 680.00 Td (except ) Tj ET Q q 0 0 0 rg BT 211.55 680.00 Td (as ) Tj ET Q q 0 0 0 rg BT 220.21 680.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 250.65 680.00 Td (in ) Tj ET Q q 0 0 0 rg BT 258.88 680.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 276.43 680.00 Td (5 ) Tj ET Q q 0 0 0 rg BT 282.43 680.00 Td (and ) Tj ET Q q 0 0 0 rg BT 295.98 680.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 313.53 680.00 Td (15 ) Tj ET Q q 0 0 0 rg BT 323.53 680.00 Td (of ) Tj ET Q q 0 0 0 rg BT 332.19 680.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.96 680.00 Td (table ) Tj ET Q q 0 0 0 rg BT 361.51 680.00 Td (below) Tj ET Q q 0 0 0 rg BT 380.54 680.00 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 642.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 642.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 642.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 642.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 642.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 642.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 642.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 616.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 616.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 616.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 616.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 616.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 616.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 616.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 590.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 590.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 590.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 590.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 590.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 590.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 590.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 590.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 564.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 564.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 564.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 564.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 564.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 564.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 564.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 538.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 538.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 538.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 538.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 538.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 538.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 538.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 512.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 512.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 512.50 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 512.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 512.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 512.50 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 512.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 512.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 484.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 484.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 484.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 484.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 484.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 484.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 484.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 458.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 458.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 458.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 458.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 458.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 458.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 458.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 432.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 432.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 432.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 432.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 432.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 432.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 432.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 406.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 406.50 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 406.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 406.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 406.50 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 406.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 406.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 370.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 370.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 370.50 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 370.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 370.50 20.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 370.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 370.50 108.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 342.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 342.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 342.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 342.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 342.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 342.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 342.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 342.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.50 140.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 316.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 316.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 316.50 108.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 316.50 20.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 316.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 316.50 108.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 642.5 m 298.5 642.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 642.5 m 318.5 642.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 642.5 m 430.5 642.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 642.5 m 450.5 642.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 642.5 m 562.5 642.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 646.73 Td (Name of Beneficial Owner) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 232.75 654.73 Td (Beneficial Ownership of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.55 646.73 Td (Shares of Class A Common Stock) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.10 654.73 Td (% of Voting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.05 646.73 Td (Power \(a\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.20 654.73 Td (% Ownership) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 549.65 646.73 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 633.75 Td (Ronald S. Lauder \(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 633.75 Td (5,099,936) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 633.75 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 633.75 Td (3.48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 633.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 633.75 Td (3.77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 633.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 620.75 Td (Paul T. Cappuccio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.30 620.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 620.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 620.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 607.75 Td (Charles R. Frank, Jr.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 607.75 Td (67,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 607.75 Td (\(5\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 607.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 607.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 594.75 Td (Herbert A. Granath) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 594.75 Td (61,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 594.75 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 594.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 594.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 581.75 Td (Alfred W. Langer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 581.75 Td (68,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 581.75 Td (\(7\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 581.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 581.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 568.75 Td (Fred Langhammer) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 568.75 Td (45,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 568.75 Td (\(8\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 568.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 568.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 555.75 Td (Bruce Maggin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 555.75 Td (60,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 555.75 Td (\(9\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 555.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 555.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 542.75 Td (Parm Sandhu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 542.75 Td (35,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 542.75 Td (\(10\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 542.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 542.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 529.75 Td (Duco Sickinghe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 529.75 Td (40,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 529.75 Td (\(11\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 529.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 529.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 516.75 Td (Kelli Turner) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 516.75 Td (15,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 516.75 Td (\(12\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 516.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 516.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 488.75 Td (Michael Del Nin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.30 488.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 488.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 488.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 475.75 Td (Christoph Mainusch) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.30 475.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.30 475.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.30 475.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 462.75 Td (David Sturgeon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.30 462.75 Td (3,750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 462.75 Td (\(13\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 462.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 462.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 449.75 Td (Daniel Penn) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.30 449.75 Td (12,500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 449.75 Td (\(14\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 449.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 449.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 436.75 Td (Adrian Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 436.75 Td (3,463,292) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 436.75 Td (\(15\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 436.75 Td (2.35) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 436.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 436.75 Td (2.55) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 436.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 423.75 Td (David Sach) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.30 423.75 Td (299,998) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 423.75 Td (\(16\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 423.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 423.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 410.75 Td (Anthony Chhoy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.30 410.75 Td (139,134) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 410.75 Td (\(17\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.00 410.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.00 410.75 Td (*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 382.75 Td (All directors and executive officers as a) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 374.75 Td (group \(17 persons\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 374.75 Td (9,410,310) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 374.75 Td (\(18\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 374.75 Td (6.38) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 374.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 374.75 Td (6.90) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 374.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 346.75 Td (Time Warner Inc. \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.30 346.75 Td (61,407,775) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 346.75 Td (49.63) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 346.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 346.75 Td (\(19\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 346.75 Td (45.45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 346.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 333.75 Td (TW Media Holdings LLC \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.30 333.75 Td (61,407,775) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 333.75 Td (49.63) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 333.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 333.75 Td (\(19\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 333.75 Td (45.45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 333.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 320.75 Td (Time Warner Media Holdings B.V. \(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 259.30 320.75 Td (61,407,775) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.30 320.75 Td (49.63) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 320.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 320.75 Td (\(19\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.30 320.75 Td (45.45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 320.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 307.75 Td (Federated Investors, Inc. \(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.30 307.75 Td (7,169,474) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.30 307.75 Td (5.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.30 307.75 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.30 307.75 Td (5.31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.30 307.75 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 291.40 Td (* ) Tj ET Q q 0 0 0 rg BT 86.00 291.40 Td (Less than 1.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 278.80 Td (\(a\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 278.80 Td (Represents ) Tj ET Q q 0 0 0 rg BT 122.55 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 133.77 278.80 Td (percentage ) Tj ET Q q 0 0 0 rg BT 169.86 278.80 Td (of ) Tj ET Q q 0 0 0 rg BT 177.98 278.80 Td (total ) Tj ET Q q 0 0 0 rg BT 193.64 278.80 Td (voting ) Tj ET Q q 0 0 0 rg BT 215.54 278.80 Td (power ) Tj ET Q q 0 0 0 rg BT 236.98 278.80 Td (and ) Tj ET Q q 0 0 0 rg BT 249.98 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.20 278.80 Td (percentage ) Tj ET Q q 0 0 0 rg BT 297.29 278.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 332.07 278.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.18 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 351.41 278.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.85 278.80 Td (of ) Tj ET Q q 0 0 0 rg BT 380.96 278.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 399.43 278.80 Td (A) Tj ET Q q 0 0 0 rg BT 404.76 278.80 Td ( ) Tj ET Q q 0 0 0 rg BT 406.21 278.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.44 278.80 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 459.11 278.80 Td (the ) Tj ET Q q 0 0 0 rg BT 470.34 278.80 Td (share ) Tj ET Q q 0 0 0 rg BT 488.66 278.80 Td (of ) Tj ET Q q 0 0 0 rg BT 496.78 278.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 517.46 278.80 Td (A) Tj ET Q q 0 0 0 rg BT 522.79 278.80 Td ( ) Tj ET Q q 0 0 0 rg BT 524.24 278.80 Td (Convertible ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 269.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 117.44 269.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 137.34 269.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 151.46 269.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 175.87 269.20 Td (A) Tj ET Q q 0 0 0 rg BT 181.21 269.20 Td ( ) Tj ET Q q 0 0 0 rg BT 182.89 269.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 214.33 269.20 Td (Share\), ) Tj ET Q q 0 0 0 rg BT 242.44 269.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 272.99 269.20 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 310.65 269.20 Td (\(or ) Tj ET Q q 0 0 0 rg BT 321.66 269.20 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 359.32 269.20 Td (within ) Tj ET Q q 0 0 0 rg BT 381.44 269.20 Td (60 ) Tj ET Q q 0 0 0 rg BT 391.12 269.20 Td (days ) Tj ET Q q 0 0 0 rg BT 407.47 269.20 Td (of ) Tj ET Q q 0 0 0 rg BT 415.81 269.20 Td (February ) Tj ET Q q 0 0 0 rg BT 446.37 269.20 Td (21, ) Tj ET Q q 0 0 0 rg BT 458.05 269.20 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 478.40 269.20 Td (options ) Tj ET Q q 0 0 0 rg BT 503.64 269.20 Td (for ) Tj ET Q q 0 0 0 rg BT 514.64 269.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.32 269.20 Td (of ) Tj ET Q q 0 0 0 rg BT 544.66 269.20 Td (Class ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 259.60 Td (A) Tj ET Q q 0 0 0 rg BT 91.34 259.60 Td ( ) Tj ET Q q 0 0 0 rg BT 92.61 259.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 123.66 259.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 143.15 259.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.98 259.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 174.58 259.60 Td (B ) Tj ET Q q 0 0 0 rg BT 181.19 259.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 212.24 259.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 231.74 259.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.56 259.60 Td (vested ) Tj ET Q q 0 0 0 rg BT 266.27 259.60 Td (but ) Tj ET Q q 0 0 0 rg BT 277.76 259.60 Td (unissued ) Tj ET Q q 0 0 0 rg BT 307.04 259.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 317.63 259.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 342.02 259.60 Td (within ) Tj ET Q q 0 0 0 rg BT 363.73 259.60 Td (60 ) Tj ET Q q 0 0 0 rg BT 373.00 259.60 Td (days ) Tj ET Q q 0 0 0 rg BT 388.94 259.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.88 259.60 Td (February ) Tj ET Q q 0 0 0 rg BT 427.03 259.60 Td (21, ) Tj ET Q q 0 0 0 rg BT 438.30 259.60 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 458.23 259.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 489.27 259.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 507.42 259.60 Td (units ) Tj ET Q q 0 0 0 rg BT 524.25 259.60 Td (beneficially ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 250.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 109.46 250.00 Td (by ) Tj ET Q q 0 0 0 rg BT 119.60 250.00 Td (each ) Tj ET Q q 0 0 0 rg BT 136.39 250.00 Td (identified ) Tj ET Q q 0 0 0 rg BT 169.18 250.00 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 208.63 250.00 Td (and ) Tj ET Q q 0 0 0 rg BT 222.32 250.00 Td (all ) Tj ET Q q 0 0 0 rg BT 232.45 250.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 262.57 250.00 Td (and ) Tj ET Q q 0 0 0 rg BT 276.26 250.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 309.04 250.00 Td (of) Tj ET Q q 0 0 0 rg BT 315.56 250.00 Td (ficers ) Tj ET Q q 0 0 0 rg BT 335.47 250.00 Td (as ) Tj ET Q q 0 0 0 rg BT 344.27 250.00 Td (a ) Tj ET Q q 0 0 0 rg BT 349.95 250.00 Td (group. ) Tj ET Q q 0 0 0 rg BT 372.75 250.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 387.33 250.00 Td (other ) Tj ET Q q 0 0 0 rg BT 405.90 250.00 Td (authorized ) Tj ET Q q 0 0 0 rg BT 441.80 250.00 Td (class ) Tj ET Q q 0 0 0 rg BT 459.49 250.00 Td (of ) Tj ET Q q 0 0 0 rg BT 468.29 250.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 491.74 250.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 510.76 250.00 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 552.23 250.00 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 240.40 Td (Series ) Tj ET Q q 0 0 0 rg BT 107.76 240.40 Td (B ) Tj ET Q q 0 0 0 rg BT 115.31 240.40 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 155.29 240.40 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 197.03 240.40 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 229.00 240.40 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 251.43 240.40 Td (does ) Tj ET Q q 0 0 0 rg BT 268.31 240.40 Td (not ) Tj ET Q q 0 0 0 rg BT 280.74 240.40 Td (have ) Tj ET Q q 0 0 0 rg BT 298.05 240.40 Td (voting ) Tj ET Q q 0 0 0 rg BT 320.71 240.40 Td (power ) Tj ET Q q 0 0 0 rg BT 342.91 240.40 Td (except ) Tj ET Q q 0 0 0 rg BT 365.99 240.40 Td (in ) Tj ET Q q 0 0 0 rg BT 374.42 240.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 398.40 240.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 423.27 240.40 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 472.31 240.40 Td (At ) Tj ET Q q 0 0 0 rg BT 482.52 240.40 Td (February ) Tj ET Q q 0 0 0 rg BT 513.60 240.40 Td (21, ) Tj ET Q q 0 0 0 rg BT 525.81 240.40 Td (2014, ) Tj ET Q q 0 0 0 rg BT 546.02 240.40 Td (there ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 230.80 Td (were ) Tj ET Q q 0 0 0 rg BT 103.37 230.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 112.76 230.80 Td (135,1) Tj ET Q q 0 0 0 rg BT 130.46 230.80 Td (12,367 ) Tj ET Q q 0 0 0 rg BT 154.29 230.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 176.11 230.80 Td (of ) Tj ET Q q 0 0 0 rg BT 184.61 230.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 203.37 230.80 Td (A) Tj ET Q q 0 0 0 rg BT 208.71 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 210.54 230.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 242.15 230.80 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 264.20 230.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 275.81 230.80 Td (one ) Tj ET Q q 0 0 0 rg BT 289.19 230.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 310.17 230.80 Td (A) Tj ET Q q 0 0 0 rg BT 315.50 230.80 Td ( ) Tj ET Q q 0 0 0 rg BT 317.33 230.80 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 348.92 230.80 Td (Share ) Tj ET Q q 0 0 0 rg BT 368.97 230.80 Td (and ) Tj ET Q q 0 0 0 rg BT 382.35 230.80 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 396.18 230.80 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 424.01 230.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 445.83 230.80 Td (of ) Tj ET Q q 0 0 0 rg BT 454.33 230.80 Td (Series ) Tj ET Q q 0 0 0 rg BT 475.71 230.80 Td (B ) Tj ET Q q 0 0 0 rg BT 482.88 230.80 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 522.48 230.80 Td (Redeemable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 221.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 117.76 221.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 137.98 221.20 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 179.31 221.20 Td (See ) Tj ET Q q 0 0 0 rg BT 192.86 221.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 210.41 221.20 Td (2 ) Tj ET Q q 0 0 0 rg BT 216.41 221.20 Td (for ) Tj ET Q q 0 0 0 rg BT 227.74 221.20 Td (information ) Tj ET Q q 0 0 0 rg BT 267.51 221.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 293.95 221.20 Td (to ) Tj ET Q q 0 0 0 rg BT 302.17 221.20 Td (voting ) Tj ET Q q 0 0 0 rg BT 324.61 221.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 344.84 221.20 Td (attached ) Tj ET Q q 0 0 0 rg BT 373.48 221.20 Td (to ) Tj ET Q q 0 0 0 rg BT 381.71 221.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.48 221.20 Td (Series ) Tj ET Q q 0 0 0 rg BT 414.59 221.20 Td (A) Tj ET Q q 0 0 0 rg BT 419.93 221.20 Td ( ) Tj ET Q q 0 0 0 rg BT 421.93 221.20 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 453.68 221.20 Td (Share.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 208.60 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 208.60 Td (The ) Tj ET Q q 0 0 0 rg BT 100.53 208.60 Td (address ) Tj ET Q q 0 0 0 rg BT 126.62 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 135.38 208.60 Td (Ronald ) Tj ET Q q 0 0 0 rg BT 160.59 208.60 Td (S. ) Tj ET Q q 0 0 0 rg BT 169.14 208.60 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 193.88 208.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.53 208.60 Td (RSL) Tj ET Q q 0 0 0 rg BT 221.91 208.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.00 208.60 Td (Investments ) Tj ET Q q 0 0 0 rg BT 264.76 208.60 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 305.52 208.60 Td (is ) Tj ET Q q 0 0 0 rg BT 312.95 208.60 Td (Suite ) Tj ET Q q 0 0 0 rg BT 331.49 208.60 Td (4200, ) Tj ET Q q 0 0 0 rg BT 351.59 208.60 Td (767 ) Tj ET Q q 0 0 0 rg BT 365.69 208.60 Td (Fifth ) Tj ET Q q 0 0 0 rg BT 382.88 208.60 Td (A) Tj ET Q q 0 0 0 rg BT 388.06 208.60 Td (venue, ) Tj ET Q q 0 0 0 rg BT 411.26 208.60 Td (New ) Tj ET Q q 0 0 0 rg BT 428.15 208.60 Td (Y) Tj ET Q q 0 0 0 rg BT 433.13 208.60 Td (ork, ) Tj ET Q q 0 0 0 rg BT 447.89 208.60 Td (New ) Tj ET Q q 0 0 0 rg BT 464.78 208.60 Td (Y) Tj ET Q q 0 0 0 rg BT 469.76 208.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 482.52 208.60 Td (10153. ) Tj ET Q q 0 0 0 rg BT 506.61 208.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 515.95 208.60 Td (. ) Tj ET Q q 0 0 0 rg BT 520.05 208.60 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 544.79 208.60 Td (is ) Tj ET Q q 0 0 0 rg BT 552.23 208.60 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 199.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 101.48 199.00 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 141.38 199.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.63 199.00 Td (RSL) Tj ET Q q 0 0 0 rg BT 165.01 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 167.60 199.00 Td (Investments ) Tj ET Q q 0 0 0 rg BT 208.85 199.00 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 250.10 199.00 Td (\(RIC\), ) Tj ET Q q 0 0 0 rg BT 280.45 199.00 Td (a ) Tj ET Q q 0 0 0 rg BT 286.59 199.00 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 319.82 199.00 Td (corporation ) Tj ET Q q 0 0 0 rg BT 359.29 199.00 Td (and ) Tj ET Q q 0 0 0 rg BT 373.43 199.00 Td (is ) Tj ET Q q 0 0 0 rg BT 381.35 199.00 Td (a ) Tj ET Q q 0 0 0 rg BT 387.49 199.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 402.97 199.00 Td (member ) Tj ET Q q 0 0 0 rg BT 431.77 199.00 Td (of ) Tj ET Q q 0 0 0 rg BT 441.02 199.00 Td (RSL) Tj ET Q q 0 0 0 rg BT 455.39 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 457.98 199.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 483.68 199.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 501.38 199.00 Td (\(RSL) Tj ET Q q 0 0 0 rg BT 521.97 199.00 Td ( ) Tj ET Q q 0 0 0 rg BT 524.55 199.00 Td (Capital\), ) Tj ET Q q 0 0 0 rg BT 558.46 199.00 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 189.40 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 118.68 189.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 143.38 189.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 170.31 189.40 Td (company) Tj ET Q q 0 0 0 rg BT 199.11 189.40 Td (. ) Tj ET Q q 0 0 0 rg BT 203.15 189.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 243.40 189.40 Td (in ) Tj ET Q q 0 0 0 rg BT 251.66 189.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 276.35 189.40 Td (of ) Tj ET Q q 0 0 0 rg BT 285.05 189.40 Td (the ) Tj ET Q q 0 0 0 rg BT 296.86 189.40 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 330.43 189.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 365.79 189.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.50 189.40 Td (RIC ) Tj ET Q q 0 0 0 rg BT 389.87 189.40 Td (and ) Tj ET Q q 0 0 0 rg BT 403.46 189.40 Td (RSL) Tj ET Q q 0 0 0 rg BT 417.83 189.40 Td ( ) Tj ET Q q 0 0 0 rg BT 419.87 189.40 Td (Capital ) Tj ET Q q 0 0 0 rg BT 445.01 189.40 Td (\(other ) Tj ET Q q 0 0 0 rg BT 466.15 189.40 Td (than ) Tj ET Q q 0 0 0 rg BT 481.96 189.40 Td (percentage ) Tj ET Q q 0 0 0 rg BT 518.64 189.40 Td (ownership\) ) Tj ET Q q 0 0 0 rg BT 556.67 189.40 Td (is ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 179.80 Td (based ) Tj ET Q q 0 0 0 rg BT 106.09 179.80 Td (upon ) Tj ET Q q 0 0 0 rg BT 123.97 179.80 Td (a ) Tj ET Q q 0 0 0 rg BT 129.41 179.80 Td (Statement ) Tj ET Q q 0 0 0 rg BT 163.28 179.80 Td (on ) Tj ET Q q 0 0 0 rg BT 173.16 179.80 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 204.36 179.80 Td (13D/A) Tj ET Q q 0 0 0 rg BT 225.70 179.80 Td ( ) Tj ET Q q 0 0 0 rg BT 227.58 179.80 Td (jointly ) Tj ET Q q 0 0 0 rg BT 250.35 179.80 Td (filed ) Tj ET Q q 0 0 0 rg BT 266.89 179.80 Td (by ) Tj ET Q q 0 0 0 rg BT 276.77 179.80 Td (RSL) Tj ET Q q 0 0 0 rg BT 291.14 179.80 Td ( ) Tj ET Q q 0 0 0 rg BT 293.02 179.80 Td (Savannah, ) Tj ET Q q 0 0 0 rg BT 328.00 179.80 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 346.99 179.80 Td (RSL) Tj ET Q q 0 0 0 rg BT 361.37 179.80 Td ( ) Tj ET Q q 0 0 0 rg BT 363.25 179.80 Td (Capital ) Tj ET Q q 0 0 0 rg BT 388.23 179.80 Td (and ) Tj ET Q q 0 0 0 rg BT 401.66 179.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 411.00 179.80 Td (. ) Tj ET Q q 0 0 0 rg BT 414.88 179.80 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 439.41 179.80 Td (on ) Tj ET Q q 0 0 0 rg BT 449.29 179.80 Td (June ) Tj ET Q q 0 0 0 rg BT 465.84 179.80 Td (21, ) Tj ET Q q 0 0 0 rg BT 477.72 179.80 Td (2013. ) Tj ET Q q 0 0 0 rg BT 497.60 179.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 506.93 179.80 Td (. ) Tj ET Q q 0 0 0 rg BT 510.81 179.80 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 535.34 179.80 Td (reported ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 170.20 Td (that ) Tj ET Q q 0 0 0 rg BT 100.38 170.20 Td (he ) Tj ET Q q 0 0 0 rg BT 110.32 170.20 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 150.47 170.20 Td (owns ) Tj ET Q q 0 0 0 rg BT 169.75 170.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 179.69 170.20 Td (2,885,705 ) Tj ET Q q 0 0 0 rg BT 214.08 170.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 236.46 170.20 Td (of ) Tj ET Q q 0 0 0 rg BT 245.51 170.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 264.71 170.20 Td (A) Tj ET Q q 0 0 0 rg BT 270.04 170.20 Td ( ) Tj ET Q q 0 0 0 rg BT 272.43 170.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 304.60 170.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 325.21 170.20 Td (held ) Tj ET Q q 0 0 0 rg BT 341.38 170.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 368.20 170.20 Td (by ) Tj ET Q q 0 0 0 rg BT 378.59 170.20 Td (RIC; ) Tj ET Q q 0 0 0 rg BT 396.54 170.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 408.70 170.20 Td (105,231 ) Tj ET Q q 0 0 0 rg BT 437.09 170.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 459.47 170.20 Td (of ) Tj ET Q q 0 0 0 rg BT 468.52 170.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 487.72 170.20 Td (A) Tj ET Q q 0 0 0 rg BT 493.05 170.20 Td ( ) Tj ET Q q 0 0 0 rg BT 495.44 170.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 527.61 170.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 548.22 170.20 Td (held ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 160.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 111.68 160.60 Td (by ) Tj ET Q q 0 0 0 rg BT 120.94 160.60 Td (RAJ ) Tj ET Q q 0 0 0 rg BT 136.41 160.60 Td (Family ) Tj ET Q q 0 0 0 rg BT 160.33 160.60 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 189.80 160.60 Td (L.P) Tj ET Q q 0 0 0 rg BT 200.25 160.60 Td (, ) Tj ET Q q 0 0 0 rg BT 203.50 160.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.52 160.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 247.32 160.60 Td (general ) Tj ET Q q 0 0 0 rg BT 272.11 160.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 296.01 160.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.93 160.60 Td (which ) Tj ET Q q 0 0 0 rg BT 324.73 160.60 Td (is ) Tj ET Q q 0 0 0 rg BT 331.32 160.60 Td (RAJ ) Tj ET Q q 0 0 0 rg BT 346.79 160.60 Td (Family ) Tj ET Q q 0 0 0 rg BT 370.71 160.60 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 412.63 160.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.54 160.60 Td (which ) Tj ET Q q 0 0 0 rg BT 441.34 160.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 450.68 160.60 Td (. ) Tj ET Q q 0 0 0 rg BT 453.93 160.60 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 477.83 160.60 Td (is ) Tj ET Q q 0 0 0 rg BT 484.42 160.60 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 517.22 160.60 Td (and ) Tj ET Q q 0 0 0 rg BT 530.02 160.60 Td (President; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 151.00 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 99.44 151.00 Td (36,000 ) Tj ET Q q 0 0 0 rg BT 122.88 151.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 144.32 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 152.43 151.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 170.89 151.00 Td (A) Tj ET Q q 0 0 0 rg BT 176.23 151.00 Td ( ) Tj ET Q q 0 0 0 rg BT 177.67 151.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 208.90 151.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 228.56 151.00 Td (held ) Tj ET Q q 0 0 0 rg BT 243.78 151.00 Td (directly ) Tj ET Q q 0 0 0 rg BT 269.66 151.00 Td (by ) Tj ET Q q 0 0 0 rg BT 279.10 151.00 Td (Mr) Tj ET Q q 0 0 0 rg BT 288.44 151.00 Td (. ) Tj ET Q q 0 0 0 rg BT 291.88 151.00 Td (Lauder; ) Tj ET Q q 0 0 0 rg BT 318.20 151.00 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 331.20 151.00 Td (2,000,000 ) Tj ET Q q 0 0 0 rg BT 364.64 151.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 386.08 151.00 Td (of ) Tj ET Q q 0 0 0 rg BT 394.19 151.00 Td (Class ) Tj ET Q q 0 0 0 rg BT 412.65 151.00 Td (A) Tj ET Q q 0 0 0 rg BT 417.99 151.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.43 151.00 Td (Common ) Tj ET Q q 0 0 0 rg BT 450.66 151.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 470.32 151.00 Td (held ) Tj ET Q q 0 0 0 rg BT 485.54 151.00 Td (directly ) Tj ET Q q 0 0 0 rg BT 511.42 151.00 Td (by ) Tj ET Q q 0 0 0 rg BT 520.86 151.00 Td (RSL) Tj ET Q q 0 0 0 rg BT 535.24 151.00 Td ( ) Tj ET Q q 0 0 0 rg BT 536.68 151.00 Td (Capital; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 141.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.44 141.40 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 110.66 141.40 Td (600,000 ) Tj ET Q q 0 0 0 rg BT 138.55 141.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 160.43 141.40 Td (of ) Tj ET Q q 0 0 0 rg BT 168.99 141.40 Td (Class ) Tj ET Q q 0 0 0 rg BT 187.80 141.40 Td (A) Tj ET Q q 0 0 0 rg BT 193.13 141.40 Td ( ) Tj ET Q q 0 0 0 rg BT 195.02 141.40 Td (Common ) Tj ET Q q 0 0 0 rg BT 226.70 141.40 Td (Stock ) Tj ET Q q 0 0 0 rg BT 246.81 141.40 Td (held ) Tj ET Q q 0 0 0 rg BT 262.47 141.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 288.80 141.40 Td (by ) Tj ET Q q 0 0 0 rg BT 298.55 141.40 Td (The ) Tj ET Q q 0 0 0 rg BT 312.88 141.40 Td (Neue ) Tj ET Q q 0 0 0 rg BT 331.65 141.40 Td (Galerie ) Tj ET Q q 0 0 0 rg BT 357.08 141.40 Td (New ) Tj ET Q q 0 0 0 rg BT 373.79 141.40 Td (Y) Tj ET Q q 0 0 0 rg BT 378.77 141.40 Td (ork, ) Tj ET Q q 0 0 0 rg BT 393.33 141.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.88 141.40 Td (which ) Tj ET Q q 0 0 0 rg BT 423.32 141.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 432.66 141.40 Td (. ) Tj ET Q q 0 0 0 rg BT 436.55 141.40 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 461.09 141.40 Td (is ) Tj ET Q q 0 0 0 rg BT 468.32 141.40 Td (a ) Tj ET Q q 0 0 0 rg BT 473.76 141.40 Td (director ) Tj ET Q q 0 0 0 rg BT 500.52 141.40 Td (and ) Tj ET Q q 0 0 0 rg BT 513.97 141.40 Td (President. ) Tj ET Q q 0 0 0 rg BT 547.63 141.40 Td (RSL) Tj ET Q q 0 0 0 rg BT 562.00 141.40 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 131.80 Td (Savannah, ) Tj ET Q q 0 0 0 rg BT 121.52 131.80 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 141.04 131.80 Td (RSL) Tj ET Q q 0 0 0 rg BT 155.41 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 157.83 131.80 Td (Capital ) Tj ET Q q 0 0 0 rg BT 183.35 131.80 Td (and ) Tj ET Q q 0 0 0 rg BT 197.31 131.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 206.65 131.80 Td (. ) Tj ET Q q 0 0 0 rg BT 211.06 131.80 Td (Lauder ) Tj ET Q q 0 0 0 rg BT 236.13 131.80 Td (disclaim ) Tj ET Q q 0 0 0 rg BT 265.65 131.80 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 299.60 131.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 335.34 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 344.42 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.61 131.80 Td (600,000 ) Tj ET Q q 0 0 0 rg BT 385.02 131.80 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.43 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 416.50 131.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 435.72 131.80 Td (A) Tj ET Q q 0 0 0 rg BT 441.06 131.80 Td ( ) Tj ET Q q 0 0 0 rg BT 443.47 131.80 Td (Common ) Tj ET Q q 0 0 0 rg BT 475.67 131.80 Td (Stock ) Tj ET Q q 0 0 0 rg BT 496.30 131.80 Td (held ) Tj ET Q q 0 0 0 rg BT 512.49 131.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 539.34 131.80 Td (by ) Tj ET Q q 0 0 0 rg BT 549.58 131.80 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 122.20 Td (Neue ) Tj ET Q q 0 0 0 rg BT 104.90 122.20 Td (Galerie ) Tj ET Q q 0 0 0 rg BT 130.47 122.20 Td (New ) Tj ET Q q 0 0 0 rg BT 147.30 122.20 Td (Y) Tj ET Q q 0 0 0 rg BT 152.28 122.20 Td (ork, ) Tj ET Q q 0 0 0 rg BT 166.96 122.20 Td (therefore ) Tj ET Q q 0 0 0 rg BT 197.86 122.20 Td (such ) Tj ET Q q 0 0 0 rg BT 214.55 122.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 236.56 122.20 Td (are ) Tj ET Q q 0 0 0 rg BT 248.36 122.20 Td (excluded ) Tj ET Q q 0 0 0 rg BT 279.26 122.20 Td (from ) Tj ET Q q 0 0 0 rg BT 296.83 122.20 Td (the ) Tj ET Q q 0 0 0 rg BT 308.63 122.20 Td (number ) Tj ET Q q 0 0 0 rg BT 335.09 122.20 Td (of ) Tj ET Q q 0 0 0 rg BT 343.78 122.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.80 122.20 Td (of ) Tj ET Q q 0 0 0 rg BT 374.49 122.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.40 122.20 Td (A) Tj ET Q q 0 0 0 rg BT 398.74 122.20 Td ( ) Tj ET Q q 0 0 0 rg BT 400.77 122.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 432.57 122.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 452.82 122.20 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 492.60 122.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 515.96 122.20 Td (by ) Tj ET Q q 0 0 0 rg BT 525.98 122.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 535.32 122.20 Td (. ) Tj ET Q q 0 0 0 rg BT 539.34 122.20 Td (Lauder ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 112.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 118.64 112.60 Td (in ) Tj ET Q q 0 0 0 rg BT 126.86 112.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.62 112.60 Td (table ) Tj ET Q q 0 0 0 rg BT 156.16 112.60 Td (above. ) Tj ET Q q 0 0 0 rg BT 179.25 112.60 Td (Following ) Tj ET Q q 0 0 0 rg BT 214.13 112.60 Td (termination ) Tj ET Q q 0 0 0 rg BT 253.00 112.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.66 112.60 Td (a ) Tj ET Q q 0 0 0 rg BT 267.20 112.60 Td (voting ) Tj ET Q q 0 0 0 rg BT 289.63 112.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 324.94 112.60 Td (among ) Tj ET Q q 0 0 0 rg BT 348.70 112.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 358.04 112.60 Td (. ) Tj ET Q q 0 0 0 rg BT 362.03 112.60 Td (Lauder) Tj ET Q q 0 0 0 rg BT 384.36 112.60 Td (, ) Tj ET Q q 0 0 0 rg BT 388.35 112.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 412.10 112.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.75 112.60 Td (his ) Tj ET Q q 0 0 0 rg BT 432.08 112.60 Td (af) Tj ET Q q 0 0 0 rg BT 438.15 112.60 Td (filiates ) Tj ET Q q 0 0 0 rg BT 461.91 112.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.45 112.60 Td (an ) Tj ET Q q 0 0 0 rg BT 484.99 112.60 Td (af) Tj ET Q q 0 0 0 rg BT 491.06 112.60 Td (filiate ) Tj ET Q q 0 0 0 rg BT 511.71 112.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.22 112.60 Td (T) Tj ET Q q 0 0 0 rg BT 524.82 112.60 Td (ime ) Tj ET Q q 0 0 0 rg BT 538.67 112.60 Td (W) Tj ET Q q 0 0 0 rg BT 545.58 112.60 Td (arner ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 103.00 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 100.21 103.00 Td (on ) Tj ET Q q 0 0 0 rg BT 110.21 103.00 Td (June ) Tj ET Q q 0 0 0 rg BT 126.88 103.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 138.88 103.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 158.88 103.00 Td (RSL) Tj ET Q q 0 0 0 rg BT 173.25 103.00 Td ( ) Tj ET Q q 0 0 0 rg BT 175.25 103.00 Td (Savannah, ) Tj ET Q q 0 0 0 rg BT 210.36 103.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 227.46 103.00 Td (does ) Tj ET Q q 0 0 0 rg BT 244.13 103.00 Td (not ) Tj ET Q q 0 0 0 rg BT 256.35 103.00 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 296.11 103.00 Td (own ) Tj ET Q q 0 0 0 rg BT 311.89 103.00 Td (any ) Tj ET Q q 0 0 0 rg BT 325.44 103.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.10 103.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.88 103.00 Td (Company) Tj ET Q q 0 0 0 rg BT 379.21 103.00 Td (s ) Tj ET Q q 0 0 0 rg BT 384.32 103.00 Td (securities.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.80 33.00 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 743.50 Td (\(2\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 743.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 126.77 743.50 Td (in ) Tj ET Q q 0 0 0 rg BT 135.54 743.50 Td (respect ) Tj ET Q q 0 0 0 rg BT 160.75 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 169.97 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 182.30 743.50 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 216.39 743.50 Td (ownership ) Tj ET Q q 0 0 0 rg BT 252.28 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 261.31 743.50 Td (T) Tj ET Q q 0 0 0 rg BT 265.92 743.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 280.28 743.50 Td (W) Tj ET Q q 0 0 0 rg BT 287.19 743.50 Td (arner ) Tj ET Q q 0 0 0 rg BT 306.18 743.50 Td (Inc ) Tj ET Q q 0 0 0 rg BT 318.95 743.50 Td (\(T) Tj ET Q q 0 0 0 rg BT 329.77 743.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 344.14 743.50 Td (W) Tj ET Q q 0 0 0 rg BT 351.05 743.50 Td (arne) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 364.8134765625 742.43359375 m 367.4775390625 742.43359375 l s q 0 0 0 rg BT 364.81 743.50 Td (r) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.48 743.50 Td (\), ) Tj ET Q q 0 0 0 rg BT 378.06 743.50 Td (TW) Tj ET Q q 0 0 0 rg BT 390.36 743.50 Td ( ) Tj ET Q q 0 0 0 rg BT 392.91 743.50 Td (Media ) Tj ET Q q 0 0 0 rg BT 415.91 743.50 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 447.80 743.50 Td (LLC ) Tj ET Q q 0 0 0 rg BT 465.46 743.50 Td (\(TWMH\) ) Tj ET Q q 0 0 0 rg BT 505.78 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 519.70 743.50 Td (T) Tj ET Q q 0 0 0 rg BT 524.30 743.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 538.67 743.50 Td (W) Tj ET Q q 0 0 0 rg BT 545.58 743.50 Td (arner ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 733.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 107.68 733.90 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 138.25 733.90 Td (B.V) Tj ET Q q 0 0 0 rg BT 150.33 733.90 Td (. ) Tj ET Q q 0 0 0 rg BT 153.57 733.90 Td (\(TWBV\) ) Tj ET Q q 0 0 0 rg BT 190.79 733.90 Td (\(other ) Tj ET Q q 0 0 0 rg BT 211.13 733.90 Td (than ) Tj ET Q q 0 0 0 rg BT 226.15 733.90 Td (percentage ) Tj ET Q q 0 0 0 rg BT 262.03 733.90 Td (ownership\) ) Tj ET Q q 0 0 0 rg BT 299.26 733.90 Td (is ) Tj ET Q q 0 0 0 rg BT 305.83 733.90 Td (based ) Tj ET Q q 0 0 0 rg BT 325.29 733.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 342.53 733.90 Td (a ) Tj ET Q q 0 0 0 rg BT 347.32 733.90 Td (statement ) Tj ET Q q 0 0 0 rg BT 379.21 733.90 Td (on ) Tj ET Q q 0 0 0 rg BT 388.45 733.90 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 419.01 733.90 Td (13D/A) Tj ET Q q 0 0 0 rg BT 440.35 733.90 Td ( ) Tj ET Q q 0 0 0 rg BT 441.59 733.90 Td (filed ) Tj ET Q q 0 0 0 rg BT 457.49 733.90 Td (jointly ) Tj ET Q q 0 0 0 rg BT 479.62 733.90 Td (by ) Tj ET Q q 0 0 0 rg BT 488.86 733.90 Td (them ) Tj ET Q q 0 0 0 rg BT 506.09 733.90 Td (on ) Tj ET Q q 0 0 0 rg BT 515.33 733.90 Td (June25,2013. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 724.30 Td (The ) Tj ET Q q 0 0 0 rg BT 100.69 724.30 Td (address ) Tj ET Q q 0 0 0 rg BT 126.94 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 135.85 724.30 Td (each ) Tj ET Q q 0 0 0 rg BT 152.76 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 161.51 724.30 Td (T) Tj ET Q q 0 0 0 rg BT 166.12 724.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 180.20 724.30 Td (W) Tj ET Q q 0 0 0 rg BT 187.11 724.30 Td (arner) Tj ET Q q 0 0 0 rg BT 203.22 724.30 Td (, ) Tj ET Q q 0 0 0 rg BT 207.48 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 213.28 724.30 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 246.18 724.30 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 287.31 724.30 Td (and ) Tj ET Q q 0 0 0 rg BT 300.95 724.30 Td (TWMH, ) Tj ET Q q 0 0 0 rg BT 330.53 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 336.33 724.30 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 369.23 724.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 394.15 724.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 421.29 724.30 Td (company) Tj ET Q q 0 0 0 rg BT 450.09 724.30 Td (, ) Tj ET Q q 0 0 0 rg BT 454.34 724.30 Td (is ) Tj ET Q q 0 0 0 rg BT 461.93 724.30 Td (One ) Tj ET Q q 0 0 0 rg BT 477.35 724.30 Td (T) Tj ET Q q 0 0 0 rg BT 481.96 724.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 496.04 724.30 Td (W) Tj ET Q q 0 0 0 rg BT 502.95 724.30 Td (arner ) Tj ET Q q 0 0 0 rg BT 521.64 724.30 Td (Center) Tj ET Q q 0 0 0 rg BT 542.64 724.30 Td (, ) Tj ET Q q 0 0 0 rg BT 546.89 724.30 Td (New ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 714.70 Td (Y) Tj ET Q q 0 0 0 rg BT 90.98 714.70 Td (ork, ) Tj ET Q q 0 0 0 rg BT 105.90 714.70 Td (New ) Tj ET Q q 0 0 0 rg BT 122.93 714.70 Td (Y) Tj ET Q q 0 0 0 rg BT 127.91 714.70 Td (ork ) Tj ET Q q 0 0 0 rg BT 140.83 714.70 Td (10019. ) Tj ET Q q 0 0 0 rg BT 164.93 714.70 Td (The ) Tj ET Q q 0 0 0 rg BT 179.63 714.70 Td (address ) Tj ET Q q 0 0 0 rg BT 205.88 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 214.64 714.70 Td (TWBV) Tj ET Q q 0 0 0 rg BT 237.16 714.70 Td (, ) Tj ET Q q 0 0 0 rg BT 241.42 714.70 Td (a ) Tj ET Q q 0 0 0 rg BT 247.23 714.70 Td (private ) Tj ET Q q 0 0 0 rg BT 271.71 714.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 296.63 714.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 323.78 714.70 Td (company ) Tj ET Q q 0 0 0 rg BT 355.36 714.70 Td (or) Tj ET Q q 0 0 0 rg BT 361.88 714.70 Td (ganized ) Tj ET Q q 0 0 0 rg BT 389.02 714.70 Td (under ) Tj ET Q q 0 0 0 rg BT 409.49 714.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.53 714.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 438.45 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 447.21 714.70 Td (The ) Tj ET Q q 0 0 0 rg BT 461.91 714.70 Td (Netherlands, ) Tj ET Q q 0 0 0 rg BT 504.83 714.70 Td (is ) Tj ET Q q 0 0 0 rg BT 512.42 714.70 Td (Naritaweg ) Tj ET Q q 0 0 0 rg BT 548.00 714.70 Td (237, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 705.10 Td (1043CB ) Tj ET Q q 0 0 0 rg BT 114.49 705.10 Td (Amsterdam, ) Tj ET Q q 0 0 0 rg BT 155.98 705.10 Td (The ) Tj ET Q q 0 0 0 rg BT 170.75 705.10 Td (Netherlands. ) Tj ET Q q 0 0 0 rg BT 213.56 705.10 Td (T) Tj ET Q q 0 0 0 rg BT 218.17 705.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 232.33 705.10 Td (W) Tj ET Q q 0 0 0 rg BT 239.24 705.10 Td (arner ) Tj ET Q q 0 0 0 rg BT 258.00 705.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 277.22 705.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 303.99 705.10 Td (all ) Tj ET Q q 0 0 0 rg BT 314.32 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.31 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.42 705.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 357.75 705.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 386.74 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.57 705.10 Td (TWMH ) Tj ET Q q 0 0 0 rg BT 423.23 705.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.94 705.10 Td (TWMH ) Tj ET Q q 0 0 0 rg BT 464.60 705.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 483.82 705.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 510.59 705.10 Td (all ) Tj ET Q q 0 0 0 rg BT 520.92 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.91 705.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 705.10 Td (equity ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 695.50 Td (interests ) Tj ET Q q 0 0 0 rg BT 114.99 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 123.81 695.50 Td (TWBV) Tj ET Q q 0 0 0 rg BT 146.33 695.50 Td (. ) Tj ET Q q 0 0 0 rg BT 150.49 695.50 Td (T) Tj ET Q q 0 0 0 rg BT 155.10 695.50 Td (ime ) Tj ET Q q 0 0 0 rg BT 169.25 695.50 Td (W) Tj ET Q q 0 0 0 rg BT 176.16 695.50 Td (arner) Tj ET Q q 0 0 0 rg BT 192.27 695.50 Td (, ) Tj ET Q q 0 0 0 rg BT 196.43 695.50 Td (TWBV) Tj ET Q q 0 0 0 rg BT 219.84 695.50 Td ( ) Tj ET Q q 0 0 0 rg BT 222.17 695.50 Td (and ) Tj ET Q q 0 0 0 rg BT 235.88 695.50 Td (TWMH ) Tj ET Q q 0 0 0 rg BT 263.53 695.50 Td (reported ) Tj ET Q q 0 0 0 rg BT 292.51 695.50 Td (that ) Tj ET Q q 0 0 0 rg BT 306.84 695.50 Td (they ) Tj ET Q q 0 0 0 rg BT 322.94 695.50 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 363.02 695.50 Td (own ) Tj ET Q q 0 0 0 rg BT 379.13 695.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 389.01 695.50 Td (61,407,775 ) Tj ET Q q 0 0 0 rg BT 427.34 695.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 449.66 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 458.65 695.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 477.80 695.50 Td (A) Tj ET Q q 0 0 0 rg BT 483.14 695.50 Td ( ) Tj ET Q q 0 0 0 rg BT 485.46 695.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 517.57 695.50 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 540.12 695.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 552.23 695.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 685.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 107.01 685.90 Td (A) Tj ET Q q 0 0 0 rg BT 112.34 685.90 Td ( ) Tj ET Q q 0 0 0 rg BT 114.21 685.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 145.84 685.90 Td (Share ) Tj ET Q q 0 0 0 rg BT 165.92 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 179.34 685.90 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 193.20 685.90 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 221.07 685.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 242.93 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 251.46 685.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 272.88 685.90 Td (B ) Tj ET Q q 0 0 0 rg BT 280.09 685.90 Td (Convertible ) Tj ET Q q 0 0 0 rg BT 319.72 685.90 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 361.13 685.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 392.75 685.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 412.84 685.90 Td (which ) Tj ET Q q 0 0 0 rg BT 434.26 685.90 Td (are ) Tj ET Q q 0 0 0 rg BT 445.90 685.90 Td (non-voting, ) Tj ET Q q 0 0 0 rg BT 484.88 685.90 Td (except ) Tj ET Q q 0 0 0 rg BT 507.62 685.90 Td (in ) Tj ET Q q 0 0 0 rg BT 515.71 685.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 539.34 685.90 Td (limited ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 676.30 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 135.13 676.30 Td (The ) Tj ET Q q 0 0 0 rg BT 149.53 676.30 Td (Series ) Tj ET Q q 0 0 0 rg BT 170.61 676.30 Td (A) Tj ET Q q 0 0 0 rg BT 175.95 676.30 Td ( ) Tj ET Q q 0 0 0 rg BT 177.91 676.30 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 209.63 676.30 Td (Share ) Tj ET Q q 0 0 0 rg BT 229.81 676.30 Td (is ) Tj ET Q q 0 0 0 rg BT 237.10 676.30 Td (convertible ) Tj ET Q q 0 0 0 rg BT 275.05 676.30 Td (into ) Tj ET Q q 0 0 0 rg BT 289.46 676.30 Td (1) Tj ET Q q 0 0 0 rg BT 293.16 676.30 Td (1,21) Tj ET Q q 0 0 0 rg BT 306.86 676.30 Td (1,449 ) Tj ET Q q 0 0 0 rg BT 326.83 676.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 348.78 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 357.41 676.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 376.27 676.30 Td (A) Tj ET Q q 0 0 0 rg BT 381.61 676.30 Td ( ) Tj ET Q q 0 0 0 rg BT 383.57 676.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 415.31 676.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.50 676.30 Td (on ) Tj ET Q q 0 0 0 rg BT 445.46 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 457.19 676.30 Td (date ) Tj ET Q q 0 0 0 rg BT 472.48 676.30 Td (that ) Tj ET Q q 0 0 0 rg BT 486.44 676.30 Td (is ) Tj ET Q q 0 0 0 rg BT 493.74 676.30 Td (61 ) Tj ET Q q 0 0 0 rg BT 503.70 676.30 Td (days ) Tj ET Q q 0 0 0 rg BT 520.32 676.30 Td (after ) Tj ET Q q 0 0 0 rg BT 536.94 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 548.67 676.30 Td (date ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 666.70 Td (on ) Tj ET Q q 0 0 0 rg BT 96.49 666.70 Td (which ) Tj ET Q q 0 0 0 rg BT 118.53 666.70 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 666.70 Td (number ) Tj ET Q q 0 0 0 rg BT 157.72 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.88 666.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 206.70 666.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.18 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 238.34 666.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 257.61 666.70 Td (A) Tj ET Q q 0 0 0 rg BT 262.95 666.70 Td ( ) Tj ET Q q 0 0 0 rg BT 265.44 666.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 297.71 666.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 318.42 666.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 342.24 666.70 Td (by ) Tj ET Q q 0 0 0 rg BT 352.55 666.70 Td (TWBV) Tj ET Q q 0 0 0 rg BT 375.07 666.70 Td (, ) Tj ET Q q 0 0 0 rg BT 379.56 666.70 Td (when ) Tj ET Q q 0 0 0 rg BT 399.38 666.70 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 436.96 666.70 Td (with ) Tj ET Q q 0 0 0 rg BT 453.67 666.70 Td (any ) Tj ET Q q 0 0 0 rg BT 467.71 666.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 507.54 666.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 530.02 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 539.17 666.70 Td (class ) Tj ET Q q 0 0 0 rg BT 556.66 666.70 Td (A) Tj ET Q q 0 0 0 rg BT 562.00 666.70 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 657.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 117.71 657.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 137.86 657.10 Td (held ) Tj ET Q q 0 0 0 rg BT 153.55 657.10 Td (by ) Tj ET Q q 0 0 0 rg BT 163.48 657.10 Td (any ) Tj ET Q q 0 0 0 rg BT 176.96 657.10 Td (group ) Tj ET Q q 0 0 0 rg BT 197.55 657.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 208.80 657.10 Td (this ) Tj ET Q q 0 0 0 rg BT 222.29 657.10 Td (term ) Tj ET Q q 0 0 0 rg BT 238.87 657.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.13 657.10 Td (used ) Tj ET Q q 0 0 0 rg BT 262.72 657.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.87 657.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 296.79 657.10 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 325.38 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.96 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.66 657.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 379.14 657.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 412.18 657.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 425.65 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.24 657.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 454.17 657.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.76 657.10 Td (amended\) ) Tj ET Q q 0 0 0 rg BT 496.22 657.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.15 657.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 538.59 657.10 Td (TWBV) Tj ET Q q 0 0 0 rg BT 562.00 657.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 647.50 Td (and ) Tj ET Q q 0 0 0 rg BT 99.81 647.50 Td (any ) Tj ET Q q 0 0 0 rg BT 113.63 647.50 Td (of ) Tj ET Q q 0 0 0 rg BT 122.55 647.50 Td (its ) Tj ET Q q 0 0 0 rg BT 132.38 647.50 Td (af) Tj ET Q q 0 0 0 rg BT 138.45 647.50 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 164.48 647.50 Td (would ) Tj ET Q q 0 0 0 rg BT 186.74 647.50 Td (not ) Tj ET Q q 0 0 0 rg BT 199.23 647.50 Td (result ) Tj ET Q q 0 0 0 rg BT 219.26 647.50 Td (in ) Tj ET Q q 0 0 0 rg BT 227.75 647.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.62 647.50 Td (TWBV) Tj ET Q q 0 0 0 rg BT 263.03 647.50 Td ( ) Tj ET Q q 0 0 0 rg BT 265.29 647.50 Td (being ) Tj ET Q q 0 0 0 rg BT 285.32 647.50 Td (a ) Tj ET Q q 0 0 0 rg BT 291.14 647.50 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 324.94 647.50 Td (owner ) Tj ET Q q 0 0 0 rg BT 347.19 647.50 Td (of ) Tj ET Q q 0 0 0 rg BT 356.12 647.50 Td (more ) Tj ET Q q 0 0 0 rg BT 374.82 647.50 Td (than ) Tj ET Q q 0 0 0 rg BT 390.85 647.50 Td (49.9% ) Tj ET Q q 0 0 0 rg BT 413.78 647.50 Td (of ) Tj ET Q q 0 0 0 rg BT 422.71 647.50 Td (the ) Tj ET Q q 0 0 0 rg BT 434.74 647.50 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 474.34 647.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 496.59 647.50 Td (of ) Tj ET Q q 0 0 0 rg BT 505.52 647.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 524.62 647.50 Td (A) Tj ET Q q 0 0 0 rg BT 529.96 647.50 Td ( ) Tj ET Q q 0 0 0 rg BT 532.22 647.50 Td (Common ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 637.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 106.22 637.90 Td (of ) Tj ET Q q 0 0 0 rg BT 114.89 637.90 Td (the ) Tj ET Q q 0 0 0 rg BT 126.66 637.90 Td (Company) Tj ET Q q 0 0 0 rg BT 157.25 637.90 Td (. ) Tj ET Q q 0 0 0 rg BT 161.11 637.90 Td (The ) Tj ET Q q 0 0 0 rg BT 175.54 637.90 Td (Series ) Tj ET Q q 0 0 0 rg BT 196.65 637.90 Td (A) Tj ET Q q 0 0 0 rg BT 201.99 637.90 Td ( ) Tj ET Q q 0 0 0 rg BT 203.99 637.90 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 235.75 637.90 Td (Share ) Tj ET Q q 0 0 0 rg BT 255.96 637.90 Td (is ) Tj ET Q q 0 0 0 rg BT 263.30 637.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 289.29 637.90 Td (to ) Tj ET Q q 0 0 0 rg BT 297.51 637.90 Td (one ) Tj ET Q q 0 0 0 rg BT 311.06 637.90 Td (vote ) Tj ET Q q 0 0 0 rg BT 326.84 637.90 Td (per ) Tj ET Q q 0 0 0 rg BT 339.05 637.90 Td (each ) Tj ET Q q 0 0 0 rg BT 355.70 637.90 Td (share ) Tj ET Q q 0 0 0 rg BT 374.58 637.90 Td (of ) Tj ET Q q 0 0 0 rg BT 383.25 637.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 402.14 637.90 Td (A) Tj ET Q q 0 0 0 rg BT 407.48 637.90 Td ( ) Tj ET Q q 0 0 0 rg BT 409.48 637.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 441.26 637.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 461.48 637.90 Td (into ) Tj ET Q q 0 0 0 rg BT 475.93 637.90 Td (which ) Tj ET Q q 0 0 0 rg BT 497.48 637.90 Td (it ) Tj ET Q q 0 0 0 rg BT 503.92 637.90 Td (is ) Tj ET Q q 0 0 0 rg BT 511.26 637.90 Td (convertible.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 625.30 Td (\(3\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 625.30 Td (Information ) Tj ET Q q 0 0 0 rg BT 126.26 625.30 Td (in ) Tj ET Q q 0 0 0 rg BT 134.54 625.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 159.24 625.30 Td (of ) Tj ET Q q 0 0 0 rg BT 167.96 625.30 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 201.55 625.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 236.93 625.30 Td (of ) Tj ET Q q 0 0 0 rg BT 245.65 625.30 Td (Federated ) Tj ET Q q 0 0 0 rg BT 279.24 625.30 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 312.62 625.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 326.89 625.30 Td (\(other ) Tj ET Q q 0 0 0 rg BT 348.04 625.30 Td (than ) Tj ET Q q 0 0 0 rg BT 363.87 625.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 400.56 625.30 Td (ownership\) ) Tj ET Q q 0 0 0 rg BT 438.61 625.30 Td (is ) Tj ET Q q 0 0 0 rg BT 445.99 625.30 Td (based ) Tj ET Q q 0 0 0 rg BT 466.26 625.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 484.31 625.30 Td (a ) Tj ET Q q 0 0 0 rg BT 489.92 625.30 Td (statement ) Tj ET Q q 0 0 0 rg BT 522.63 625.30 Td (on ) Tj ET Q q 0 0 0 rg BT 532.68 625.30 Td (Schedule ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 615.70 Td (13G ) Tj ET Q q 0 0 0 rg BT 101.67 615.70 Td (filed ) Tj ET Q q 0 0 0 rg BT 118.21 615.70 Td (jointly ) Tj ET Q q 0 0 0 rg BT 140.99 615.70 Td (by ) Tj ET Q q 0 0 0 rg BT 150.88 615.70 Td (Federated ) Tj ET Q q 0 0 0 rg BT 184.31 615.70 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 217.53 615.70 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 233.49 615.70 Td (V) Tj ET Q q 0 0 0 rg BT 238.24 615.70 Td (oting ) Tj ET Q q 0 0 0 rg BT 256.57 615.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 279.79 615.70 Td (Irrevocable ) Tj ET Q q 0 0 0 rg BT 317.96 615.70 Td (T) Tj ET Q q 0 0 0 rg BT 322.57 615.70 Td (rust, ) Tj ET Q q 0 0 0 rg BT 338.46 615.70 Td (John ) Tj ET Q q 0 0 0 rg BT 355.46 615.70 Td (F) Tj ET Q q 0 0 0 rg BT 359.27 615.70 Td (. ) Tj ET Q q 0 0 0 rg BT 363.15 615.70 Td (Donahue, ) Tj ET Q q 0 0 0 rg BT 395.92 615.70 Td (Rhodora ) Tj ET Q q 0 0 0 rg BT 425.36 615.70 Td (J. ) Tj ET Q q 0 0 0 rg BT 432.36 615.70 Td (Donahue ) Tj ET Q q 0 0 0 rg BT 463.13 615.70 Td (and ) Tj ET Q q 0 0 0 rg BT 476.57 615.70 Td (J. ) Tj ET Q q 0 0 0 rg BT 483.57 615.70 Td (Christopher ) Tj ET Q q 0 0 0 rg BT 523.23 615.70 Td (Donahue ) Tj ET Q q 0 0 0 rg BT 554.00 615.70 Td (on ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 606.10 Td (February ) Tj ET Q q 0 0 0 rg BT 117.27 606.10 Td (1) Tj ET Q q 0 0 0 rg BT 120.97 606.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 129.36 606.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 149.75 606.10 Td (each ) Tj ET Q q 0 0 0 rg BT 166.80 606.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 198.51 606.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 213.79 606.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 236.63 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.57 606.10 Td (dispositive ) Tj ET Q q 0 0 0 rg BT 287.63 606.10 Td (power ) Tj ET Q q 0 0 0 rg BT 310.01 606.10 Td (over ) Tj ET Q q 0 0 0 rg BT 326.61 606.10 Td (7,169,474 ) Tj ET Q q 0 0 0 rg BT 361.00 606.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 383.39 606.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.44 606.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 411.64 606.10 Td (A) Tj ET Q q 0 0 0 rg BT 416.98 606.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.37 606.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 451.54 606.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 472.15 606.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 486.98 606.10 Td (Reported ) Tj ET Q q 0 0 0 rg BT 522.25 606.10 Td (Securities\). ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 596.50 Td (Federated ) Tj ET Q q 0 0 0 rg BT 120.02 596.50 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 153.82 596.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 168.51 596.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 183.43 596.50 Td (Parent\) ) Tj ET Q q 0 0 0 rg BT 216.11 596.50 Td (is ) Tj ET Q q 0 0 0 rg BT 223.92 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 236.17 596.50 Td (parent ) Tj ET Q q 0 0 0 rg BT 258.64 596.50 Td (holding ) Tj ET Q q 0 0 0 rg BT 285.56 596.50 Td (company ) Tj ET Q q 0 0 0 rg BT 317.37 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 326.51 596.50 Td (Federated ) Tj ET Q q 0 0 0 rg BT 360.52 596.50 Td (Equity ) Tj ET Q q 0 0 0 rg BT 384.33 596.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 428.57 596.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 462.16 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 471.30 596.50 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 516.44 596.50 Td (and ) Tj ET Q q 0 0 0 rg BT 530.47 596.50 Td (Federated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 586.90 Td (Global ) Tj ET Q q 0 0 0 rg BT 109.50 586.90 Td (Investment ) Tj ET Q q 0 0 0 rg BT 146.78 586.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 190.27 586.90 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 210.00 586.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 224.17 586.90 Td (Investment ) Tj ET Q q 0 0 0 rg BT 264.62 586.90 Td (Advisers\), ) Tj ET Q q 0 0 0 rg BT 303.00 586.90 Td (which ) Tj ET Q q 0 0 0 rg BT 324.29 586.90 Td (act ) Tj ET Q q 0 0 0 rg BT 335.34 586.90 Td (as ) Tj ET Q q 0 0 0 rg BT 343.74 586.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 380.57 586.90 Td (advisers ) Tj ET Q q 0 0 0 rg BT 408.52 586.90 Td (to ) Tj ET Q q 0 0 0 rg BT 416.47 586.90 Td (registered ) Tj ET Q q 0 0 0 rg BT 449.74 586.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 486.58 586.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 522.52 586.90 Td (and ) Tj ET Q q 0 0 0 rg BT 535.80 586.90 Td (separate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 577.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 116.61 577.30 Td (that ) Tj ET Q q 0 0 0 rg BT 131.23 577.30 Td (own ) Tj ET Q q 0 0 0 rg BT 147.63 577.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.02 577.30 Td (Reported ) Tj ET Q q 0 0 0 rg BT 191.96 577.30 Td (Securities. ) Tj ET Q q 0 0 0 rg BT 227.94 577.30 Td (The ) Tj ET Q q 0 0 0 rg BT 243.00 577.30 Td (Investment ) Tj ET Q q 0 0 0 rg BT 280.59 577.30 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 311.65 577.30 Td (are ) Tj ET Q q 0 0 0 rg BT 324.04 577.30 Td (wholly ) Tj ET Q q 0 0 0 rg BT 348.88 577.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 372.83 577.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 413.23 577.30 Td (of ) Tj ET Q q 0 0 0 rg BT 422.51 577.30 Td (FII ) Tj ET Q q 0 0 0 rg BT 434.91 577.30 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 468.87 577.30 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 485.70 577.30 Td (which ) Tj ET Q q 0 0 0 rg BT 507.88 577.30 Td (is ) Tj ET Q q 0 0 0 rg BT 515.83 577.30 Td (wholly ) Tj ET Q q 0 0 0 rg BT 540.68 577.30 Td (owned ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 567.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 120.94 567.70 Td (of ) Tj ET Q q 0 0 0 rg BT 129.66 567.70 Td (Parent. ) Tj ET Q q 0 0 0 rg BT 153.70 567.70 Td (All ) Tj ET Q q 0 0 0 rg BT 165.98 567.70 Td (of ) Tj ET Q q 0 0 0 rg BT 174.70 567.70 Td (Parent) Tj ET Q q 0 0 0 rg BT 197.36 567.70 Td (s ) Tj ET Q q 0 0 0 rg BT 202.53 567.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 241.92 567.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 264.42 567.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 283.37 567.70 Td (is ) Tj ET Q q 0 0 0 rg BT 290.76 567.70 Td (held ) Tj ET Q q 0 0 0 rg BT 306.59 567.70 Td (in ) Tj ET Q q 0 0 0 rg BT 314.87 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 567.70 Td (V) Tj ET Q q 0 0 0 rg BT 331.30 567.70 Td (oting ) Tj ET Q q 0 0 0 rg BT 349.80 567.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 373.18 567.70 Td (Irrevocable ) Tj ET Q q 0 0 0 rg BT 411.51 567.70 Td (T) Tj ET Q q 0 0 0 rg BT 416.12 567.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 430.17 567.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 444.67 567.70 Td (T) Tj ET Q q 0 0 0 rg BT 452.82 567.70 Td (rust\) ) Tj ET Q q 0 0 0 rg BT 473.09 567.70 Td (for ) Tj ET Q q 0 0 0 rg BT 484.48 567.70 Td (which ) Tj ET Q q 0 0 0 rg BT 506.09 567.70 Td (John ) Tj ET Q q 0 0 0 rg BT 523.26 567.70 Td (F) Tj ET Q q 0 0 0 rg BT 527.07 567.70 Td (. ) Tj ET Q q 0 0 0 rg BT 531.12 567.70 Td (Donahue, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 558.10 Td (Rhodora ) Tj ET Q q 0 0 0 rg BT 115.63 558.10 Td (J. ) Tj ET Q q 0 0 0 rg BT 122.83 558.10 Td (Donahue ) Tj ET Q q 0 0 0 rg BT 153.79 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.43 558.10 Td (J. ) Tj ET Q q 0 0 0 rg BT 174.63 558.10 Td (Christopher ) Tj ET Q q 0 0 0 rg BT 214.48 558.10 Td (Donahue ) Tj ET Q q 0 0 0 rg BT 245.45 558.10 Td (act ) Tj ET Q q 0 0 0 rg BT 256.86 558.10 Td (as ) Tj ET Q q 0 0 0 rg BT 265.60 558.10 Td (trustees ) Tj ET Q q 0 0 0 rg BT 292.13 558.10 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 331.59 558.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.67 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.53 558.10 Td (T) Tj ET Q q 0 0 0 rg BT 355.68 558.10 Td (rustees\). ) Tj ET Q q 0 0 0 rg BT 388.20 558.10 Td (Parent, ) Tj ET Q q 0 0 0 rg BT 412.72 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.43 558.10 Td (T) Tj ET Q q 0 0 0 rg BT 429.03 558.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 445.12 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.75 558.10 Td (each ) Tj ET Q q 0 0 0 rg BT 475.49 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.23 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.94 558.10 Td (T) Tj ET Q q 0 0 0 rg BT 500.55 558.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 524.85 558.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 550.02 558.10 Td (that ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 548.50 Td (the ) Tj ET Q q 0 0 0 rg BT 97.53 548.50 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 128.61 548.50 Td (13G ) Tj ET Q q 0 0 0 rg BT 144.14 548.50 Td (should ) Tj ET Q q 0 0 0 rg BT 167.23 548.50 Td (not ) Tj ET Q q 0 0 0 rg BT 179.21 548.50 Td (be ) Tj ET Q q 0 0 0 rg BT 188.51 548.50 Td (construed ) Tj ET Q q 0 0 0 rg BT 221.37 548.50 Td (as ) Tj ET Q q 0 0 0 rg BT 229.79 548.50 Td (an ) Tj ET Q q 0 0 0 rg BT 239.09 548.50 Td (admission ) Tj ET Q q 0 0 0 rg BT 273.29 548.50 Td (that ) Tj ET Q q 0 0 0 rg BT 287.05 548.50 Td (they ) Tj ET Q q 0 0 0 rg BT 302.57 548.50 Td (are ) Tj ET Q q 0 0 0 rg BT 314.09 548.50 Td (the ) Tj ET Q q 0 0 0 rg BT 325.62 548.50 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 358.91 548.50 Td (owners ) Tj ET Q q 0 0 0 rg BT 383.77 548.50 Td (of ) Tj ET Q q 0 0 0 rg BT 392.19 548.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.72 548.50 Td (Reported ) Tj ET Q q 0 0 0 rg BT 434.80 548.50 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 470.10 548.50 Td (and ) Tj ET Q q 0 0 0 rg BT 483.41 548.50 Td (each ) Tj ET Q q 0 0 0 rg BT 499.81 548.50 Td (expressly ) Tj ET Q q 0 0 0 rg BT 531.78 548.50 Td (disclaims ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 538.90 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 119.54 538.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 154.86 538.90 Td (of ) Tj ET Q q 0 0 0 rg BT 163.53 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 175.30 538.90 Td (Reported ) Tj ET Q q 0 0 0 rg BT 206.63 538.90 Td (Securities.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 526.30 Td (\(4\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 526.30 Td (Consists ) Tj ET Q q 0 0 0 rg BT 114.91 526.30 Td (of ) Tj ET Q q 0 0 0 rg BT 123.36 526.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 132.69 526.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.25 526.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 166.03 526.30 Td (of ) Tj ET Q q 0 0 0 rg BT 174.48 526.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 193.20 526.30 Td (A) Tj ET Q q 0 0 0 rg BT 198.54 526.30 Td ( ) Tj ET Q q 0 0 0 rg BT 200.32 526.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 231.89 526.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 251.90 526.30 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 291.44 526.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 314.56 526.30 Td (as ) Tj ET Q q 0 0 0 rg BT 323.00 526.30 Td (set ) Tj ET Q q 0 0 0 rg BT 333.68 526.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 351.01 526.30 Td (in ) Tj ET Q q 0 0 0 rg BT 359.02 526.30 Td (Note ) Tj ET Q q 0 0 0 rg BT 376.36 526.30 Td (1; ) Tj ET Q q 0 0 0 rg BT 384.36 526.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 395.92 526.30 Td (30,000 ) Tj ET Q q 0 0 0 rg BT 419.71 526.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 441.48 526.30 Td (of ) Tj ET Q q 0 0 0 rg BT 449.93 526.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 468.66 526.30 Td (A) Tj ET Q q 0 0 0 rg BT 474.00 526.30 Td ( ) Tj ET Q q 0 0 0 rg BT 475.78 526.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 507.35 526.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 527.36 526.30 Td (underlying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 516.70 Td (options ) Tj ET Q q 0 0 0 rg BT 112.10 516.70 Td (which ) Tj ET Q q 0 0 0 rg BT 134.20 516.70 Td (are ) Tj ET Q q 0 0 0 rg BT 146.51 516.70 Td (currently ) Tj ET Q q 0 0 0 rg BT 177.93 516.70 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 218.45 516.70 Td (or ) Tj ET Q q 0 0 0 rg BT 227.66 516.70 Td (will ) Tj ET Q q 0 0 0 rg BT 242.65 516.70 Td (become ) Tj ET Q q 0 0 0 rg BT 270.07 516.70 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 308.59 516.70 Td (within ) Tj ET Q q 0 0 0 rg BT 331.58 516.70 Td (60 ) Tj ET Q q 0 0 0 rg BT 342.13 516.70 Td (days; ) Tj ET Q q 0 0 0 rg BT 361.56 516.70 Td (and ) Tj ET Q q 0 0 0 rg BT 375.65 516.70 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 390.20 516.70 Td (43,000 ) Tj ET Q q 0 0 0 rg BT 414.74 516.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 437.28 516.70 Td (of ) Tj ET Q q 0 0 0 rg BT 446.49 516.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 466.37 516.70 Td (B ) Tj ET Q q 0 0 0 rg BT 474.25 516.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 506.57 516.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 527.34 516.70 Td (underlying ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 507.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 113.97 507.10 Td (which ) Tj ET Q q 0 0 0 rg BT 135.93 507.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.11 507.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 179.39 507.10 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 219.78 507.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.86 507.10 Td (will ) Tj ET Q q 0 0 0 rg BT 243.71 507.10 Td (become ) Tj ET Q q 0 0 0 rg BT 271.00 507.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 309.39 507.10 Td (within ) Tj ET Q q 0 0 0 rg BT 332.24 507.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 342.66 507.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 361.73 507.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 385.47 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.54 507.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 414.29 507.10 Td (B ) Tj ET Q q 0 0 0 rg BT 422.04 507.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 454.23 507.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 474.87 507.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.04 507.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 513.45 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.08 507.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 532.49 507.10 Td (votes ) Tj ET Q q 0 0 0 rg BT 551.79 507.10 Td (per ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 497.50 Td (share, ) Tj ET Q q 0 0 0 rg BT 106.96 497.50 Td (however) Tj ET Q q 0 0 0 rg BT 134.18 497.50 Td (, ) Tj ET Q q 0 0 0 rg BT 138.26 497.50 Td (for ) Tj ET Q q 0 0 0 rg BT 149.67 497.50 Td (purposes ) Tj ET Q q 0 0 0 rg BT 180.19 497.50 Td (of ) Tj ET Q q 0 0 0 rg BT 188.93 497.50 Td (this ) Tj ET Q q 0 0 0 rg BT 202.57 497.50 Td (table ) Tj ET Q q 0 0 0 rg BT 220.19 497.50 Td (we ) Tj ET Q q 0 0 0 rg BT 231.60 497.50 Td (have ) Tj ET Q q 0 0 0 rg BT 248.78 497.50 Td (assumed ) Tj ET Q q 0 0 0 rg BT 278.41 497.50 Td (that ) Tj ET Q q 0 0 0 rg BT 292.49 497.50 Td (any ) Tj ET Q q 0 0 0 rg BT 306.12 497.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 328.19 497.50 Td (of ) Tj ET Q q 0 0 0 rg BT 336.93 497.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 356.35 497.50 Td (B ) Tj ET Q q 0 0 0 rg BT 363.76 497.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 395.62 497.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 415.92 497.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 438.00 497.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 456.08 497.50 Td (the ) Tj ET Q q 0 0 0 rg BT 467.93 497.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 496.22 497.50 Td (of ) Tj ET Q q 0 0 0 rg BT 504.96 497.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 523.93 497.50 Td (options ) Tj ET Q q 0 0 0 rg BT 549.56 497.50 Td (will ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 487.90 Td (automatically ) Tj ET Q q 0 0 0 rg BT 131.51 487.90 Td (convert ) Tj ET Q q 0 0 0 rg BT 157.48 487.90 Td (into ) Tj ET Q q 0 0 0 rg BT 171.90 487.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 193.86 487.90 Td (of ) Tj ET Q q 0 0 0 rg BT 202.50 487.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 221.38 487.90 Td (A) Tj ET Q q 0 0 0 rg BT 226.71 487.90 Td ( ) Tj ET Q q 0 0 0 rg BT 228.69 487.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 260.44 487.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 280.64 487.90 Td (on ) Tj ET Q q 0 0 0 rg BT 290.61 487.90 Td (a ) Tj ET Q q 0 0 0 rg BT 296.14 487.90 Td (one-to-one ) Tj ET Q q 0 0 0 rg BT 332.77 487.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 350.74 487.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 380.27 487.90 Td (to ) Tj ET Q q 0 0 0 rg BT 388.46 487.90 Td (our ) Tj ET Q q 0 0 0 rg BT 401.10 487.90 Td (bye-laws. ) Tj ET Q q 0 0 0 rg BT 433.96 487.90 Td (Does ) Tj ET Q q 0 0 0 rg BT 452.37 487.90 Td (not ) Tj ET Q q 0 0 0 rg BT 464.57 487.90 Td (include ) Tj ET Q q 0 0 0 rg BT 490.09 487.90 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 514.07 487.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.03 487.90 Td (of ) Tj ET Q q 0 0 0 rg BT 544.67 487.90 Td (Class ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 478.30 Td (A) Tj ET Q q 0 0 0 rg BT 91.34 478.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.49 478.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 125.43 478.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.81 478.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 182.63 478.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 214.55 478.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 233.59 478.30 Td (units ) Tj ET Q q 0 0 0 rg BT 251.31 478.30 Td (which ) Tj ET Q q 0 0 0 rg BT 273.02 478.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 304.49 478.30 Td (a ) Tj ET Q q 0 0 0 rg BT 310.20 478.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 346.12 478.30 Td (right ) Tj ET Q q 0 0 0 rg BT 363.39 478.30 Td (to ) Tj ET Q q 0 0 0 rg BT 371.77 478.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 397.02 478.30 Td (such ) Tj ET Q q 0 0 0 rg BT 413.84 478.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 435.99 478.30 Td (and ) Tj ET Q q 0 0 0 rg BT 449.70 478.30 Td (which ) Tj ET Q q 0 0 0 rg BT 471.40 478.30 Td (are ) Tj ET Q q 0 0 0 rg BT 483.33 478.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.36 478.30 Td (not ) Tj ET Q q 0 0 0 rg BT 526.74 478.30 Td (vested, ) Tj ET Q q 0 0 0 rg BT 551.33 478.30 Td (nor ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 468.70 Td (will ) Tj ET Q q 0 0 0 rg BT 100.45 468.70 Td (they ) Tj ET Q q 0 0 0 rg BT 116.22 468.70 Td (become ) Tj ET Q q 0 0 0 rg BT 143.09 468.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 165.53 468.70 Td (within ) Tj ET Q q 0 0 0 rg BT 187.98 468.70 Td (60 ) Tj ET Q q 0 0 0 rg BT 197.98 468.70 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 456.10 Td (\(5\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 456.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.70 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.95 456.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.08 456.10 Td (13,200 ) Tj ET Q q 0 0 0 rg BT 159.67 456.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 182.24 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 456.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.84 456.10 Td (A) Tj ET Q q 0 0 0 rg BT 216.17 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.76 456.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.12 456.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 271.93 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.06 456.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.42 456.10 Td (54,000 ) Tj ET Q q 0 0 0 rg BT 323.00 456.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.58 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 456.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 456.10 Td (A) Tj ET Q q 0 0 0 rg BT 379.51 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.09 456.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 414.46 456.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.26 456.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.50 456.10 Td (options ) Tj ET Q q 0 0 0 rg BT 498.65 456.10 Td (which ) Tj ET Q q 0 0 0 rg BT 520.78 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 456.10 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 446.50 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.08 446.50 Td (or ) Tj ET Q q 0 0 0 rg BT 134.85 446.50 Td (will ) Tj ET Q q 0 0 0 rg BT 149.40 446.50 Td (become ) Tj ET Q q 0 0 0 rg BT 176.38 446.50 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 214.46 446.50 Td (within ) Tj ET Q q 0 0 0 rg BT 237.00 446.50 Td (60 ) Tj ET Q q 0 0 0 rg BT 247.11 446.50 Td (days. ) Tj ET Q q 0 0 0 rg BT 265.88 446.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 275.21 446.50 Td (. ) Tj ET Q q 0 0 0 rg BT 279.31 446.50 Td (Frank ) Tj ET Q q 0 0 0 rg BT 300.08 446.50 Td (holds ) Tj ET Q q 0 0 0 rg BT 319.52 446.50 Td (a ) Tj ET Q q 0 0 0 rg BT 325.18 446.50 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 359.26 446.50 Td (account ) Tj ET Q q 0 0 0 rg BT 386.24 446.50 Td (which ) Tj ET Q q 0 0 0 rg BT 407.89 446.50 Td (he ) Tj ET Q q 0 0 0 rg BT 417.55 446.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 433.43 446.50 Td (as ) Tj ET Q q 0 0 0 rg BT 442.20 446.50 Td (a ) Tj ET Q q 0 0 0 rg BT 447.85 446.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 464.17 446.50 Td (management ) Tj ET Q q 0 0 0 rg BT 507.14 446.50 Td (account ) Tj ET Q q 0 0 0 rg BT 534.12 446.50 Td (in ) Tj ET Q q 0 0 0 rg BT 542.45 446.50 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 436.90 Td (he ) Tj ET Q q 0 0 0 rg BT 95.45 436.90 Td (maintains ) Tj ET Q q 0 0 0 rg BT 128.45 436.90 Td (various ) Tj ET Q q 0 0 0 rg BT 153.90 436.90 Td (securities, ) Tj ET Q q 0 0 0 rg BT 188.01 436.90 Td (including ) Tj ET Q q 0 0 0 rg BT 220.12 436.90 Td (3,200 ) Tj ET Q q 0 0 0 rg BT 240.02 436.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 261.91 436.90 Td (of ) Tj ET Q q 0 0 0 rg BT 270.47 436.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 289.29 436.90 Td (A) Tj ET Q q 0 0 0 rg BT 294.62 436.90 Td ( ) Tj ET Q q 0 0 0 rg BT 296.52 436.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 328.20 436.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 348.32 436.90 Td (of ) Tj ET Q q 0 0 0 rg BT 356.88 436.90 Td (the ) Tj ET Q q 0 0 0 rg BT 368.55 436.90 Td (Company) Tj ET Q q 0 0 0 rg BT 399.14 436.90 Td (. ) Tj ET Q q 0 0 0 rg BT 402.90 436.90 Td (Whenever ) Tj ET Q q 0 0 0 rg BT 437.67 436.90 Td (such ) Tj ET Q q 0 0 0 rg BT 454.23 436.90 Td (account ) Tj ET Q q 0 0 0 rg BT 481.00 436.90 Td (is ) Tj ET Q q 0 0 0 rg BT 488.23 436.90 Td (overdrawn, ) Tj ET Q q 0 0 0 rg BT 526.34 436.90 Td (the ) Tj ET Q q 0 0 0 rg BT 538.01 436.90 Td (amount ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 427.30 Td (of ) Tj ET Q q 0 0 0 rg BT 94.69 427.30 Td (such ) Tj ET Q q 0 0 0 rg BT 111.38 427.30 Td (overdraft ) Tj ET Q q 0 0 0 rg BT 142.72 427.30 Td (is ) Tj ET Q q 0 0 0 rg BT 150.09 427.30 Td (loaned ) Tj ET Q q 0 0 0 rg BT 173.44 427.30 Td (to ) Tj ET Q q 0 0 0 rg BT 181.69 427.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 191.02 427.30 Td (. ) Tj ET Q q 0 0 0 rg BT 195.05 427.30 Td (Frank ) Tj ET Q q 0 0 0 rg BT 215.74 427.30 Td (on ) Tj ET Q q 0 0 0 rg BT 225.76 427.30 Td (a ) Tj ET Q q 0 0 0 rg BT 231.34 427.30 Td (mar) Tj ET Q q 0 0 0 rg BT 243.63 427.30 Td (gin ) Tj ET Q q 0 0 0 rg BT 255.88 427.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 282.34 427.30 Td (by ) Tj ET Q q 0 0 0 rg BT 292.37 427.30 Td (all ) Tj ET Q q 0 0 0 rg BT 302.39 427.30 Td (of ) Tj ET Q q 0 0 0 rg BT 311.08 427.30 Td (the ) Tj ET Q q 0 0 0 rg BT 322.88 427.30 Td (securities ) Tj ET Q q 0 0 0 rg BT 355.12 427.30 Td (in ) Tj ET Q q 0 0 0 rg BT 363.37 427.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.17 427.30 Td (account, ) Tj ET Q q 0 0 0 rg BT 404.07 427.30 Td (which ) Tj ET Q q 0 0 0 rg BT 425.64 427.30 Td (may ) Tj ET Q q 0 0 0 rg BT 441.44 427.30 Td (be ) Tj ET Q q 0 0 0 rg BT 451.02 427.30 Td (deemed ) Tj ET Q q 0 0 0 rg BT 477.92 427.30 Td (to ) Tj ET Q q 0 0 0 rg BT 486.17 427.30 Td (constitute ) Tj ET Q q 0 0 0 rg BT 519.30 427.30 Td (a ) Tj ET Q q 0 0 0 rg BT 524.88 427.30 Td (pledge ) Tj ET Q q 0 0 0 rg BT 555.33 427.30 Td (of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 417.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.34 417.70 Td (. ) Tj ET Q q 0 0 0 rg BT 99.78 417.70 Td (Frank) Tj ET Q q 0 0 0 rg BT 120.67 417.70 Td (s ) Tj ET Q q 0 0 0 rg BT 126.23 417.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 148.66 417.70 Td (in ) Tj ET Q q 0 0 0 rg BT 157.33 417.70 Td (the ) Tj ET Q q 0 0 0 rg BT 169.55 417.70 Td (Company) Tj ET Q q 0 0 0 rg BT 200.14 417.70 Td (. ) Tj ET Q q 0 0 0 rg BT 204.59 417.70 Td (Does ) Tj ET Q q 0 0 0 rg BT 223.47 417.70 Td (not ) Tj ET Q q 0 0 0 rg BT 236.14 417.70 Td (include ) Tj ET Q q 0 0 0 rg BT 262.13 417.70 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 286.58 417.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.02 417.70 Td (of ) Tj ET Q q 0 0 0 rg BT 318.13 417.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 337.37 417.70 Td (A) Tj ET Q q 0 0 0 rg BT 342.70 417.70 Td ( ) Tj ET Q q 0 0 0 rg BT 345.15 417.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 377.37 417.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 398.04 417.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 435.15 417.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 467.35 417.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 486.69 417.70 Td (units ) Tj ET Q q 0 0 0 rg BT 504.69 417.70 Td (which ) Tj ET Q q 0 0 0 rg BT 526.69 417.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 558.45 417.70 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 408.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 121.77 408.10 Td (right ) Tj ET Q q 0 0 0 rg BT 138.88 408.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.10 408.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 172.19 408.10 Td (such ) Tj ET Q q 0 0 0 rg BT 188.86 408.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 210.85 408.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.40 408.10 Td (which ) Tj ET Q q 0 0 0 rg BT 245.95 408.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.71 408.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 288.59 408.10 Td (not ) Tj ET Q q 0 0 0 rg BT 300.81 408.10 Td (vested, ) Tj ET Q q 0 0 0 rg BT 325.25 408.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 337.91 408.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.36 408.10 Td (they ) Tj ET Q q 0 0 0 rg BT 368.13 408.10 Td (become ) Tj ET Q q 0 0 0 rg BT 395.01 408.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 417.45 408.10 Td (within ) Tj ET Q q 0 0 0 rg BT 439.89 408.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 449.89 408.10 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 395.50 Td (\(6\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 395.50 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.70 395.50 Td (of ) Tj ET Q q 0 0 0 rg BT 124.95 395.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.08 395.50 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 159.67 395.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 182.24 395.50 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 395.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.84 395.50 Td (A) Tj ET Q q 0 0 0 rg BT 216.17 395.50 Td ( ) Tj ET Q q 0 0 0 rg BT 218.76 395.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.12 395.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 271.93 395.50 Td (and ) Tj ET Q q 0 0 0 rg BT 286.06 395.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.42 395.50 Td (51,500 ) Tj ET Q q 0 0 0 rg BT 323.00 395.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.58 395.50 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 395.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 395.50 Td (A) Tj ET Q q 0 0 0 rg BT 379.51 395.50 Td ( ) Tj ET Q q 0 0 0 rg BT 382.09 395.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 414.46 395.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.26 395.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.50 395.50 Td (options ) Tj ET Q q 0 0 0 rg BT 498.65 395.50 Td (which ) Tj ET Q q 0 0 0 rg BT 520.78 395.50 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 395.50 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 385.90 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.22 385.90 Td (or ) Tj ET Q q 0 0 0 rg BT 135.12 385.90 Td (will ) Tj ET Q q 0 0 0 rg BT 149.81 385.90 Td (become ) Tj ET Q q 0 0 0 rg BT 176.92 385.90 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 215.14 385.90 Td (within ) Tj ET Q q 0 0 0 rg BT 237.82 385.90 Td (60 ) Tj ET Q q 0 0 0 rg BT 248.06 385.90 Td (days. ) Tj ET Q q 0 0 0 rg BT 266.97 385.90 Td (Does ) Tj ET Q q 0 0 0 rg BT 285.65 385.90 Td (not ) Tj ET Q q 0 0 0 rg BT 298.11 385.90 Td (include ) Tj ET Q q 0 0 0 rg BT 323.90 385.90 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 348.14 385.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 370.37 385.90 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 385.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 398.36 385.90 Td (A) Tj ET Q q 0 0 0 rg BT 403.69 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 405.94 385.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.96 385.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.42 385.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.32 385.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.32 385.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 385.90 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 376.30 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 376.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 376.30 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 376.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 376.30 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 376.30 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 376.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 376.30 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 376.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 376.30 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 376.30 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 376.30 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 376.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 376.30 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 376.30 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 376.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 376.30 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 376.30 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 376.30 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 376.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 376.30 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 376.30 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 376.30 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 363.70 Td (\(7\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 363.70 Td (Consists ) Tj ET Q q 0 0 0 rg BT 114.86 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 123.26 363.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 132.55 363.70 Td (58,000 ) Tj ET Q q 0 0 0 rg BT 156.29 363.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 178.02 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 186.43 363.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 205.12 363.70 Td (A) Tj ET Q q 0 0 0 rg BT 210.46 363.70 Td ( ) Tj ET Q q 0 0 0 rg BT 212.19 363.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 243.71 363.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 263.68 363.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 300.08 363.70 Td (options ) Tj ET Q q 0 0 0 rg BT 325.37 363.70 Td (which ) Tj ET Q q 0 0 0 rg BT 346.66 363.70 Td (are ) Tj ET Q q 0 0 0 rg BT 358.17 363.70 Td (currently ) Tj ET Q q 0 0 0 rg BT 388.78 363.70 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 428.50 363.70 Td (or ) Tj ET Q q 0 0 0 rg BT 436.90 363.70 Td (will ) Tj ET Q q 0 0 0 rg BT 451.09 363.70 Td (become ) Tj ET Q q 0 0 0 rg BT 477.70 363.70 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 515.42 363.70 Td (within ) Tj ET Q q 0 0 0 rg BT 537.60 363.70 Td (60 ) Tj ET Q q 0 0 0 rg BT 547.34 363.70 Td (days ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.40 354.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 111.02 354.10 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 134.87 354.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 156.71 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.22 354.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 184.00 354.10 Td (A) Tj ET Q q 0 0 0 rg BT 189.34 354.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.18 354.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 222.81 354.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 242.89 354.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 279.39 354.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 311.00 354.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 329.74 354.10 Td (units ) Tj ET Q q 0 0 0 rg BT 347.15 354.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.55 354.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 399.71 354.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.11 354.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 440.73 354.10 Td (right ) Tj ET Q q 0 0 0 rg BT 457.69 354.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.76 354.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 490.70 354.10 Td (such ) Tj ET Q q 0 0 0 rg BT 507.21 354.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 529.05 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.45 354.10 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 344.50 Td (have ) Tj ET Q q 0 0 0 rg BT 103.00 344.50 Td (vested. ) Tj ET Q q 0 0 0 rg BT 127.35 344.50 Td (Does ) Tj ET Q q 0 0 0 rg BT 145.69 344.50 Td (not ) Tj ET Q q 0 0 0 rg BT 157.82 344.50 Td (include ) Tj ET Q q 0 0 0 rg BT 183.27 344.50 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 207.17 344.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.07 344.50 Td (of ) Tj ET Q q 0 0 0 rg BT 237.63 344.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 256.45 344.50 Td (A) Tj ET Q q 0 0 0 rg BT 261.79 344.50 Td ( ) Tj ET Q q 0 0 0 rg BT 263.69 344.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 295.38 344.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 315.50 344.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 352.07 344.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 383.73 344.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 402.52 344.50 Td (units ) Tj ET Q q 0 0 0 rg BT 419.98 344.50 Td (which ) Tj ET Q q 0 0 0 rg BT 441.44 344.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 472.66 344.50 Td (a ) Tj ET Q q 0 0 0 rg BT 478.11 344.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 513.78 344.50 Td (right ) Tj ET Q q 0 0 0 rg BT 530.80 344.50 Td (to ) Tj ET Q q 0 0 0 rg BT 538.92 344.50 Td (receive ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 334.90 Td (such ) Tj ET Q q 0 0 0 rg BT 102.66 334.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 124.66 334.90 Td (and ) Tj ET Q q 0 0 0 rg BT 138.21 334.90 Td (which ) Tj ET Q q 0 0 0 rg BT 159.76 334.90 Td (are ) Tj ET Q q 0 0 0 rg BT 171.52 334.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 202.40 334.90 Td (not ) Tj ET Q q 0 0 0 rg BT 214.62 334.90 Td (vested, ) Tj ET Q q 0 0 0 rg BT 239.06 334.90 Td (nor ) Tj ET Q q 0 0 0 rg BT 251.72 334.90 Td (will ) Tj ET Q q 0 0 0 rg BT 266.17 334.90 Td (they ) Tj ET Q q 0 0 0 rg BT 281.94 334.90 Td (become ) Tj ET Q q 0 0 0 rg BT 308.82 334.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 331.25 334.90 Td (within ) Tj ET Q q 0 0 0 rg BT 353.70 334.90 Td (60 ) Tj ET Q q 0 0 0 rg BT 363.70 334.90 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 322.30 Td (\(8\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 322.30 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.70 322.30 Td (of ) Tj ET Q q 0 0 0 rg BT 124.95 322.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.08 322.30 Td (20,000 ) Tj ET Q q 0 0 0 rg BT 159.67 322.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 182.24 322.30 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 322.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.84 322.30 Td (A) Tj ET Q q 0 0 0 rg BT 216.17 322.30 Td ( ) Tj ET Q q 0 0 0 rg BT 218.76 322.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.12 322.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 271.93 322.30 Td (and ) Tj ET Q q 0 0 0 rg BT 286.06 322.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.42 322.30 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 323.00 322.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.58 322.30 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 322.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 322.30 Td (A) Tj ET Q q 0 0 0 rg BT 379.51 322.30 Td ( ) Tj ET Q q 0 0 0 rg BT 382.09 322.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 414.46 322.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.26 322.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.50 322.30 Td (options ) Tj ET Q q 0 0 0 rg BT 498.65 322.30 Td (which ) Tj ET Q q 0 0 0 rg BT 520.78 322.30 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 322.30 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 312.70 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.22 312.70 Td (or ) Tj ET Q q 0 0 0 rg BT 135.12 312.70 Td (will ) Tj ET Q q 0 0 0 rg BT 149.81 312.70 Td (become ) Tj ET Q q 0 0 0 rg BT 176.92 312.70 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 215.14 312.70 Td (within ) Tj ET Q q 0 0 0 rg BT 237.82 312.70 Td (60 ) Tj ET Q q 0 0 0 rg BT 248.06 312.70 Td (days. ) Tj ET Q q 0 0 0 rg BT 266.97 312.70 Td (Does ) Tj ET Q q 0 0 0 rg BT 285.65 312.70 Td (not ) Tj ET Q q 0 0 0 rg BT 298.11 312.70 Td (include ) Tj ET Q q 0 0 0 rg BT 323.90 312.70 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 348.14 312.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 370.37 312.70 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 312.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 398.36 312.70 Td (A) Tj ET Q q 0 0 0 rg BT 403.69 312.70 Td ( ) Tj ET Q q 0 0 0 rg BT 405.94 312.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.96 312.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.42 312.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.32 312.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.32 312.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 312.70 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 303.10 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 303.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 303.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 303.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 303.10 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 303.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 303.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 303.10 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 303.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 303.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 303.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 303.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 303.10 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 303.10 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 303.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 303.10 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 303.10 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 303.10 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 303.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 303.10 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 303.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 303.10 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 290.50 Td (\(9\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 290.50 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.70 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 124.95 290.50 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.08 290.50 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 159.67 290.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 182.24 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 290.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.84 290.50 Td (A) Tj ET Q q 0 0 0 rg BT 216.17 290.50 Td ( ) Tj ET Q q 0 0 0 rg BT 218.76 290.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.12 290.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 271.93 290.50 Td (and ) Tj ET Q q 0 0 0 rg BT 286.06 290.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.42 290.50 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 323.00 290.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.58 290.50 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 290.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 290.50 Td (A) Tj ET Q q 0 0 0 rg BT 379.51 290.50 Td ( ) Tj ET Q q 0 0 0 rg BT 382.09 290.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 414.46 290.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.26 290.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.50 290.50 Td (options ) Tj ET Q q 0 0 0 rg BT 498.65 290.50 Td (which ) Tj ET Q q 0 0 0 rg BT 520.78 290.50 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 290.50 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 280.90 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.22 280.90 Td (or ) Tj ET Q q 0 0 0 rg BT 135.12 280.90 Td (will ) Tj ET Q q 0 0 0 rg BT 149.81 280.90 Td (become ) Tj ET Q q 0 0 0 rg BT 176.92 280.90 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 215.14 280.90 Td (within ) Tj ET Q q 0 0 0 rg BT 237.82 280.90 Td (60 ) Tj ET Q q 0 0 0 rg BT 248.06 280.90 Td (days. ) Tj ET Q q 0 0 0 rg BT 266.97 280.90 Td (Does ) Tj ET Q q 0 0 0 rg BT 285.65 280.90 Td (not ) Tj ET Q q 0 0 0 rg BT 298.11 280.90 Td (include ) Tj ET Q q 0 0 0 rg BT 323.90 280.90 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 348.14 280.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 370.37 280.90 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 280.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 398.36 280.90 Td (A) Tj ET Q q 0 0 0 rg BT 403.69 280.90 Td ( ) Tj ET Q q 0 0 0 rg BT 405.94 280.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.96 280.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.42 280.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.32 280.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.32 280.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 280.90 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 271.30 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 271.30 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 271.30 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 271.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 271.30 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 271.30 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 271.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 271.30 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 271.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 271.30 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 271.30 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 271.30 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 271.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 271.30 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 271.30 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 271.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 271.30 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 271.30 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 271.30 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 271.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 271.30 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 271.30 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 271.30 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 258.70 Td (\(10\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 258.70 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.70 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 124.95 258.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.08 258.70 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 159.67 258.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 182.24 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 258.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.84 258.70 Td (A) Tj ET Q q 0 0 0 rg BT 216.17 258.70 Td ( ) Tj ET Q q 0 0 0 rg BT 218.76 258.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.12 258.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 271.93 258.70 Td (and ) Tj ET Q q 0 0 0 rg BT 286.06 258.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.42 258.70 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 323.00 258.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.58 258.70 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 258.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 258.70 Td (A) Tj ET Q q 0 0 0 rg BT 379.51 258.70 Td ( ) Tj ET Q q 0 0 0 rg BT 382.09 258.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 414.46 258.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.26 258.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.50 258.70 Td (options ) Tj ET Q q 0 0 0 rg BT 498.65 258.70 Td (which ) Tj ET Q q 0 0 0 rg BT 520.78 258.70 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 258.70 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 249.10 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.22 249.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.12 249.10 Td (will ) Tj ET Q q 0 0 0 rg BT 149.81 249.10 Td (become ) Tj ET Q q 0 0 0 rg BT 176.92 249.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 215.14 249.10 Td (within ) Tj ET Q q 0 0 0 rg BT 237.82 249.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 248.06 249.10 Td (days. ) Tj ET Q q 0 0 0 rg BT 266.97 249.10 Td (Does ) Tj ET Q q 0 0 0 rg BT 285.65 249.10 Td (not ) Tj ET Q q 0 0 0 rg BT 298.11 249.10 Td (include ) Tj ET Q q 0 0 0 rg BT 323.90 249.10 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 348.14 249.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 370.37 249.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 249.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 398.36 249.10 Td (A) Tj ET Q q 0 0 0 rg BT 403.69 249.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.94 249.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.96 249.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.42 249.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.32 249.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.32 249.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 249.10 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 239.50 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 239.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 239.50 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 239.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 239.50 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 239.50 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 239.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 239.50 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 239.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 239.50 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 239.50 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 239.50 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 239.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 239.50 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 239.50 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 239.50 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 239.50 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 239.50 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 239.50 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 239.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 239.50 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 239.50 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 239.50 Td (days. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 226.90 Td (\(1) Tj ET Q q 0 0 0 rg BT 74.37 226.90 Td (1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 226.90 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.70 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 124.95 226.90 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.08 226.90 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 159.67 226.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 182.24 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 226.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 210.84 226.90 Td (A) Tj ET Q q 0 0 0 rg BT 216.17 226.90 Td ( ) Tj ET Q q 0 0 0 rg BT 218.76 226.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 251.12 226.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 271.93 226.90 Td (and ) Tj ET Q q 0 0 0 rg BT 286.06 226.90 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 298.42 226.90 Td (30,000 ) Tj ET Q q 0 0 0 rg BT 323.00 226.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.58 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 226.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 374.17 226.90 Td (A) Tj ET Q q 0 0 0 rg BT 379.51 226.90 Td ( ) Tj ET Q q 0 0 0 rg BT 382.09 226.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 414.46 226.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.26 226.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 472.50 226.90 Td (options ) Tj ET Q q 0 0 0 rg BT 498.65 226.90 Td (which ) Tj ET Q q 0 0 0 rg BT 520.78 226.90 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 226.90 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 217.30 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.22 217.30 Td (or ) Tj ET Q q 0 0 0 rg BT 135.12 217.30 Td (will ) Tj ET Q q 0 0 0 rg BT 149.81 217.30 Td (become ) Tj ET Q q 0 0 0 rg BT 176.92 217.30 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 215.14 217.30 Td (within ) Tj ET Q q 0 0 0 rg BT 237.82 217.30 Td (60 ) Tj ET Q q 0 0 0 rg BT 248.06 217.30 Td (days. ) Tj ET Q q 0 0 0 rg BT 266.97 217.30 Td (Does ) Tj ET Q q 0 0 0 rg BT 285.65 217.30 Td (not ) Tj ET Q q 0 0 0 rg BT 298.11 217.30 Td (include ) Tj ET Q q 0 0 0 rg BT 323.90 217.30 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 348.14 217.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 370.37 217.30 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 217.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 398.36 217.30 Td (A) Tj ET Q q 0 0 0 rg BT 403.69 217.30 Td ( ) Tj ET Q q 0 0 0 rg BT 405.94 217.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.96 217.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.42 217.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.32 217.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.32 217.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 217.30 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 207.70 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 207.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 207.70 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 207.70 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 207.70 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 207.70 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 207.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 207.70 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 207.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 207.70 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 207.70 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 207.70 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 207.70 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 207.70 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 207.70 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 207.70 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 207.70 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 207.70 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 207.70 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 207.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 207.70 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 207.70 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 207.70 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 195.10 Td (\(12\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 195.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.88 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.31 195.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 135.62 195.10 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 160.38 195.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 183.13 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.56 195.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 212.04 195.10 Td (A) Tj ET Q q 0 0 0 rg BT 217.38 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.14 195.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 252.68 195.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 273.67 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.98 195.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 300.51 195.10 Td (5,000 ) Tj ET Q q 0 0 0 rg BT 321.27 195.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 344.03 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.45 195.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 372.94 195.10 Td (A) Tj ET Q q 0 0 0 rg BT 378.27 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.03 195.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 413.58 195.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 434.56 195.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 471.98 195.10 Td (options ) Tj ET Q q 0 0 0 rg BT 498.30 195.10 Td (which ) Tj ET Q q 0 0 0 rg BT 520.61 195.10 Td (are ) Tj ET Q q 0 0 0 rg BT 533.14 195.10 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 185.50 Td (exercisable, ) Tj ET Q q 0 0 0 rg BT 126.22 185.50 Td (or ) Tj ET Q q 0 0 0 rg BT 135.12 185.50 Td (will ) Tj ET Q q 0 0 0 rg BT 149.81 185.50 Td (become ) Tj ET Q q 0 0 0 rg BT 176.92 185.50 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 215.14 185.50 Td (within ) Tj ET Q q 0 0 0 rg BT 237.82 185.50 Td (60 ) Tj ET Q q 0 0 0 rg BT 248.06 185.50 Td (days. ) Tj ET Q q 0 0 0 rg BT 266.97 185.50 Td (Does ) Tj ET Q q 0 0 0 rg BT 285.65 185.50 Td (not ) Tj ET Q q 0 0 0 rg BT 298.11 185.50 Td (include ) Tj ET Q q 0 0 0 rg BT 323.90 185.50 Td (14,500 ) Tj ET Q q 0 0 0 rg BT 348.14 185.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 370.37 185.50 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 185.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 398.36 185.50 Td (A) Tj ET Q q 0 0 0 rg BT 403.69 185.50 Td ( ) Tj ET Q q 0 0 0 rg BT 405.94 185.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.96 185.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.42 185.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.32 185.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.32 185.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 185.50 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 175.90 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 175.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 175.90 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 175.90 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 175.90 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 175.90 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 175.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 175.90 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 175.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 175.90 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 175.90 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 175.90 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 175.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 175.90 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 175.90 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 175.90 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 175.90 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 175.90 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 175.90 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 175.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 175.90 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 175.90 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 175.90 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 163.30 Td (\(13\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 163.30 Td (Consists ) Tj ET Q q 0 0 0 rg BT 114.85 163.30 Td (of ) Tj ET Q q 0 0 0 rg BT 123.24 163.30 Td (3,750 ) Tj ET Q q 0 0 0 rg BT 142.96 163.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.68 163.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.07 163.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 191.75 163.30 Td (A) Tj ET Q q 0 0 0 rg BT 197.09 163.30 Td ( ) Tj ET Q q 0 0 0 rg BT 198.81 163.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 230.32 163.30 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 252.27 163.30 Td (Does ) Tj ET Q q 0 0 0 rg BT 270.43 163.30 Td (not ) Tj ET Q q 0 0 0 rg BT 282.38 163.30 Td (include ) Tj ET Q q 0 0 0 rg BT 307.65 163.30 Td (70,732 ) Tj ET Q q 0 0 0 rg BT 331.38 163.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.10 163.30 Td (of ) Tj ET Q q 0 0 0 rg BT 361.49 163.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 380.17 163.30 Td (A) Tj ET Q q 0 0 0 rg BT 385.50 163.30 Td ( ) Tj ET Q q 0 0 0 rg BT 387.23 163.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 418.74 163.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 438.68 163.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 475.07 163.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 506.56 163.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 525.17 163.30 Td (units ) Tj ET Q q 0 0 0 rg BT 542.45 163.30 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 153.70 Td (represent ) Tj ET Q q 0 0 0 rg BT 117.32 153.70 Td (a ) Tj ET Q q 0 0 0 rg BT 122.87 153.70 Td (contingent ) Tj ET Q q 0 0 0 rg BT 158.64 153.70 Td (right ) Tj ET Q q 0 0 0 rg BT 175.75 153.70 Td (to ) Tj ET Q q 0 0 0 rg BT 183.97 153.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 209.06 153.70 Td (such ) Tj ET Q q 0 0 0 rg BT 225.72 153.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 247.71 153.70 Td (and ) Tj ET Q q 0 0 0 rg BT 261.27 153.70 Td (which ) Tj ET Q q 0 0 0 rg BT 282.82 153.70 Td (are ) Tj ET Q q 0 0 0 rg BT 294.58 153.70 Td (currently ) Tj ET Q q 0 0 0 rg BT 325.46 153.70 Td (not ) Tj ET Q q 0 0 0 rg BT 337.68 153.70 Td (vested, ) Tj ET Q q 0 0 0 rg BT 362.12 153.70 Td (nor ) Tj ET Q q 0 0 0 rg BT 374.78 153.70 Td (will ) Tj ET Q q 0 0 0 rg BT 389.23 153.70 Td (they ) Tj ET Q q 0 0 0 rg BT 405.00 153.70 Td (become ) Tj ET Q q 0 0 0 rg BT 431.88 153.70 Td (vested ) Tj ET Q q 0 0 0 rg BT 454.31 153.70 Td (within ) Tj ET Q q 0 0 0 rg BT 476.76 153.70 Td (60 ) Tj ET Q q 0 0 0 rg BT 486.76 153.70 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 141.10 Td (\(14\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 141.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.46 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.47 141.10 Td (12,500 ) Tj ET Q q 0 0 0 rg BT 148.81 141.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 171.14 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.15 141.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 199.31 141.10 Td (A) Tj ET Q q 0 0 0 rg BT 204.65 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.99 141.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 239.11 141.10 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 261.68 141.10 Td (Does ) Tj ET Q q 0 0 0 rg BT 280.46 141.10 Td (not ) Tj ET Q q 0 0 0 rg BT 293.02 141.10 Td (include ) Tj ET Q q 0 0 0 rg BT 318.91 141.10 Td (147,416 ) Tj ET Q q 0 0 0 rg BT 347.25 141.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 369.59 141.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.59 141.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 397.76 141.10 Td (A) Tj ET Q q 0 0 0 rg BT 403.09 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.43 141.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 437.56 141.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 458.12 141.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 495.12 141.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 527.23 141.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.46 141.10 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 131.50 Td (which ) Tj ET Q q 0 0 0 rg BT 107.55 131.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.87 131.50 Td (a ) Tj ET Q q 0 0 0 rg BT 144.42 131.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 180.19 131.50 Td (right ) Tj ET Q q 0 0 0 rg BT 197.30 131.50 Td (to ) Tj ET Q q 0 0 0 rg BT 205.52 131.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 230.61 131.50 Td (such ) Tj ET Q q 0 0 0 rg BT 247.27 131.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 269.27 131.50 Td (and ) Tj ET Q q 0 0 0 rg BT 282.82 131.50 Td (which ) Tj ET Q q 0 0 0 rg BT 304.37 131.50 Td (are ) Tj ET Q q 0 0 0 rg BT 316.13 131.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 347.01 131.50 Td (not ) Tj ET Q q 0 0 0 rg BT 359.23 131.50 Td (vested, ) Tj ET Q q 0 0 0 rg BT 383.67 131.50 Td (nor ) Tj ET Q q 0 0 0 rg BT 396.33 131.50 Td (will ) Tj ET Q q 0 0 0 rg BT 410.78 131.50 Td (they ) Tj ET Q q 0 0 0 rg BT 426.55 131.50 Td (become ) Tj ET Q q 0 0 0 rg BT 453.43 131.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 475.86 131.50 Td (within ) Tj ET Q q 0 0 0 rg BT 498.31 131.50 Td (60 ) Tj ET Q q 0 0 0 rg BT 508.31 131.50 Td (days.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.25 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.95 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 307.66 33.00 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 743.50 Td (\(15\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 743.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.34 743.50 Td (. ) Tj ET Q q 0 0 0 rg BT 99.87 743.50 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 121.07 743.50 Td (resigned ) Tj ET Q q 0 0 0 rg BT 150.71 743.50 Td (as ) Tj ET Q q 0 0 0 rg BT 159.91 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 172.21 743.50 Td (President ) Tj ET Q q 0 0 0 rg BT 204.52 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 218.61 743.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 238.92 743.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 273.44 743.50 Td (Of) Tj ET Q q 0 0 0 rg BT 281.73 743.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 298.92 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 308.12 743.50 Td (the ) Tj ET Q q 0 0 0 rg BT 320.43 743.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 354.07 743.50 Td (ef) Tj ET Q q 0 0 0 rg BT 360.14 743.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 383.88 743.50 Td (August ) Tj ET Q q 0 0 0 rg BT 409.53 743.50 Td (21, ) Tj ET Q q 0 0 0 rg BT 422.07 743.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 440.60 743.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.69 743.50 Td (continued ) Tj ET Q q 0 0 0 rg BT 488.77 743.50 Td (to ) Tj ET Q q 0 0 0 rg BT 497.53 743.50 Td (be ) Tj ET Q q 0 0 0 rg BT 507.61 743.50 Td (employed ) Tj ET Q q 0 0 0 rg BT 541.69 743.50 Td (by ) Tj ET Q q 0 0 0 rg BT 552.23 743.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 733.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 118.50 733.90 Td (through ) Tj ET Q q 0 0 0 rg BT 144.78 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 155.95 733.90 Td (end ) Tj ET Q q 0 0 0 rg BT 168.89 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 176.95 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 188.12 733.90 Td (year) Tj ET Q q 0 0 0 rg BT 201.44 733.90 Td (. ) Tj ET Q q 0 0 0 rg BT 204.74 733.90 Td (The ) Tj ET Q q 0 0 0 rg BT 218.57 733.90 Td (information ) Tj ET Q q 0 0 0 rg BT 257.73 733.90 Td (in ) Tj ET Q q 0 0 0 rg BT 265.35 733.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 289.39 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 297.45 733.90 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 330.38 733.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 365.10 733.90 Td (by ) Tj ET Q q 0 0 0 rg BT 374.49 733.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 383.83 733.90 Td (. ) Tj ET Q q 0 0 0 rg BT 387.22 733.90 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 407.28 733.90 Td (assumes ) Tj ET Q q 0 0 0 rg BT 435.34 733.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 444.67 733.90 Td (. ) Tj ET Q q 0 0 0 rg BT 448.07 733.90 Td (Sarbu) Tj ET Q q 0 0 0 rg BT 468.96 733.90 Td (s ) Tj ET Q q 0 0 0 rg BT 473.46 733.90 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 506.39 733.90 Td (holdings ) Tj ET Q q 0 0 0 rg BT 535.34 733.90 Td (reported ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 724.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 108.15 724.30 Td (as ) Tj ET Q q 0 0 0 rg BT 116.97 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 125.79 724.30 Td (February ) Tj ET Q q 0 0 0 rg BT 156.83 724.30 Td (21, ) Tj ET Q q 0 0 0 rg BT 168.99 724.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 187.14 724.30 Td (were ) Tj ET Q q 0 0 0 rg BT 204.85 724.30 Td (unchanged ) Tj ET Q q 0 0 0 rg BT 241.66 724.30 Td (from ) Tj ET Q q 0 0 0 rg BT 259.37 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 271.30 724.30 Td (date ) Tj ET Q q 0 0 0 rg BT 286.78 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 295.60 724.30 Td (his ) Tj ET Q q 0 0 0 rg BT 307.10 724.30 Td (separation ) Tj ET Q q 0 0 0 rg BT 342.13 724.30 Td (from ) Tj ET Q q 0 0 0 rg BT 359.84 724.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.77 724.30 Td (Company) Tj ET Q q 0 0 0 rg BT 402.36 724.30 Td (. ) Tj ET Q q 0 0 0 rg BT 406.52 724.30 Td (Consists ) Tj ET Q q 0 0 0 rg BT 435.80 724.30 Td (of ) Tj ET Q q 0 0 0 rg BT 444.62 724.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 454.33 724.30 Td (a ) Tj ET Q q 0 0 0 rg BT 460.04 724.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 491.07 724.30 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 529.21 724.30 Td (warrant ) Tj ET Q q 0 0 0 rg BT 555.79 724.30 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 714.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 115.71 714.70 Td (600,000 ) Tj ET Q q 0 0 0 rg BT 142.99 714.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.27 714.70 Td (of ) Tj ET Q q 0 0 0 rg BT 172.21 714.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 190.55 714.70 Td (A) Tj ET Q q 0 0 0 rg BT 195.89 714.70 Td ( ) Tj ET Q q 0 0 0 rg BT 197.17 714.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 228.23 714.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 247.74 714.70 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 286.78 714.70 Td (owned ) Tj ET Q q 0 0 0 rg BT 309.39 714.70 Td (by ) Tj ET Q q 0 0 0 rg BT 318.67 714.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 328.00 714.70 Td (. ) Tj ET Q q 0 0 0 rg BT 331.29 714.70 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 351.23 714.70 Td (and ) Tj ET Q q 0 0 0 rg BT 363.78 714.70 Td (Alerria ) Tj ET Q q 0 0 0 rg BT 387.72 714.70 Td (Management ) Tj ET Q q 0 0 0 rg BT 430.76 714.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.15 714.70 Td (S.A. ) Tj ET Q q 0 0 0 rg BT 478.66 714.70 Td (\(Alerria\); ) Tj ET Q q 0 0 0 rg BT 517.25 714.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 528.30 714.70 Td (a ) Tj ET Q q 0 0 0 rg BT 533.14 714.70 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 705.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 123.67 705.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 149.80 705.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.72 705.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 187.85 705.10 Td (250,000 ) Tj ET Q q 0 0 0 rg BT 215.55 705.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 237.24 705.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.60 705.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 264.26 705.10 Td (A) Tj ET Q q 0 0 0 rg BT 269.60 705.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.30 705.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 302.78 705.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 322.70 705.10 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 362.15 705.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 385.18 705.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.88 705.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 404.21 705.10 Td (. ) Tj ET Q q 0 0 0 rg BT 407.91 705.10 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 428.27 705.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.52 705.10 Td (Metrodome ) Tj ET Q q 0 0 0 rg BT 480.54 705.10 Td (B.V) Tj ET Q q 0 0 0 rg BT 492.63 705.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.33 705.10 Td (\(Metrodome\); ) Tj ET Q q 0 0 0 rg BT 550.00 705.10 Td (\(iii\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 695.50 Td (771,425 ) Tj ET Q q 0 0 0 rg BT 113.59 695.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 135.17 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.43 695.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 162.00 695.50 Td (A) Tj ET Q q 0 0 0 rg BT 167.34 695.50 Td ( ) Tj ET Q q 0 0 0 rg BT 168.93 695.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 200.30 695.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 220.12 695.50 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 259.47 695.50 Td (owned ) Tj ET Q q 0 0 0 rg BT 282.38 695.50 Td (solely ) Tj ET Q q 0 0 0 rg BT 303.08 695.50 Td (by ) Tj ET Q q 0 0 0 rg BT 312.68 695.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 322.01 695.50 Td (. ) Tj ET Q q 0 0 0 rg BT 325.60 695.50 Td (Sarbu; ) Tj ET Q q 0 0 0 rg BT 348.08 695.50 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 361.22 695.50 Td (1,241,867 ) Tj ET Q q 0 0 0 rg BT 394.81 695.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 416.40 695.50 Td (of ) Tj ET Q q 0 0 0 rg BT 424.65 695.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 443.23 695.50 Td (A) Tj ET Q q 0 0 0 rg BT 448.56 695.50 Td ( ) Tj ET Q q 0 0 0 rg BT 450.15 695.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 481.52 695.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 501.34 695.50 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 540.69 695.50 Td (owned ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 685.90 Td (jointly ) Tj ET Q q 0 0 0 rg BT 108.49 685.90 Td (by ) Tj ET Q q 0 0 0 rg BT 118.08 685.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 127.42 685.90 Td (. ) Tj ET Q q 0 0 0 rg BT 131.02 685.90 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 151.28 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 164.07 685.90 Td (Alerria; ) Tj ET Q q 0 0 0 rg BT 190.54 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 203.69 685.90 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 214.62 685.90 Td (600,000 ) Tj ET Q q 0 0 0 rg BT 242.21 685.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 263.80 685.90 Td (of ) Tj ET Q q 0 0 0 rg BT 272.06 685.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 290.64 685.90 Td (A) Tj ET Q q 0 0 0 rg BT 295.98 685.90 Td ( ) Tj ET Q q 0 0 0 rg BT 297.58 685.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 328.95 685.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 348.77 685.90 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 388.13 685.90 Td (owned ) Tj ET Q q 0 0 0 rg BT 411.05 685.90 Td (jointly ) Tj ET Q q 0 0 0 rg BT 433.54 685.90 Td (by ) Tj ET Q q 0 0 0 rg BT 443.14 685.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 452.47 685.90 Td (. ) Tj ET Q q 0 0 0 rg BT 456.07 685.90 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 476.33 685.90 Td (and ) Tj ET Q q 0 0 0 rg BT 489.48 685.90 Td (Metrodome. ) Tj ET Q q 0 0 0 rg BT 530.40 685.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 539.73 685.90 Td (. ) Tj ET Q q 0 0 0 rg BT 543.33 685.90 Td (Sarbu ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 676.30 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 125.36 676.30 Td (owns, ) Tj ET Q q 0 0 0 rg BT 145.85 676.30 Td (directly ) Tj ET Q q 0 0 0 rg BT 171.88 676.30 Td (or ) Tj ET Q q 0 0 0 rg BT 180.14 676.30 Td (indirectly) Tj ET Q q 0 0 0 rg BT 210.28 676.30 Td (, ) Tj ET Q q 0 0 0 rg BT 213.88 676.30 Td (substantially ) Tj ET Q q 0 0 0 rg BT 255.92 676.30 Td (all ) Tj ET Q q 0 0 0 rg BT 265.52 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 276.89 676.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 315.82 676.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 337.41 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 345.32 676.30 Td (Alerria, ) Tj ET Q q 0 0 0 rg BT 371.58 676.30 Td (a ) Tj ET Q q 0 0 0 rg BT 376.73 676.30 Td (joint ) Tj ET Q q 0 0 0 rg BT 392.99 676.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 411.48 676.30 Td (company ) Tj ET Q q 0 0 0 rg BT 442.40 676.30 Td (or) Tj ET Q q 0 0 0 rg BT 448.92 676.30 Td (ganized ) Tj ET Q q 0 0 0 rg BT 475.40 676.30 Td (under ) Tj ET Q q 0 0 0 rg BT 495.21 676.30 Td (the ) Tj ET Q q 0 0 0 rg BT 506.59 676.30 Td (laws ) Tj ET Q q 0 0 0 rg BT 522.85 676.30 Td (of ) Tj ET Q q 0 0 0 rg BT 531.11 676.30 Td (Romania, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 666.70 Td (and ) Tj ET Q q 0 0 0 rg BT 99.67 666.70 Td (Metrodome, ) Tj ET Q q 0 0 0 rg BT 141.12 666.70 Td (a ) Tj ET Q q 0 0 0 rg BT 146.79 666.70 Td (company ) Tj ET Q q 0 0 0 rg BT 178.24 666.70 Td (or) Tj ET Q q 0 0 0 rg BT 184.76 666.70 Td (ganized ) Tj ET Q q 0 0 0 rg BT 211.75 666.70 Td (under ) Tj ET Q q 0 0 0 rg BT 232.09 666.70 Td (the ) Tj ET Q q 0 0 0 rg BT 243.99 666.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 260.77 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 269.41 666.70 Td (The ) Tj ET Q q 0 0 0 rg BT 283.97 666.70 Td (Netherlands. ) Tj ET Q q 0 0 0 rg BT 326.27 666.70 Td (Alerria ) Tj ET Q q 0 0 0 rg BT 351.05 666.70 Td (has ) Tj ET Q q 0 0 0 rg BT 363.83 666.70 Td (pledged ) Tj ET Q q 0 0 0 rg BT 391.28 666.70 Td (1,200,000 ) Tj ET Q q 0 0 0 rg BT 425.40 666.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 447.52 666.70 Td (of ) Tj ET Q q 0 0 0 rg BT 456.30 666.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 475.29 666.70 Td (A) Tj ET Q q 0 0 0 rg BT 480.63 666.70 Td ( ) Tj ET Q q 0 0 0 rg BT 482.75 666.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 514.65 666.70 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 537.00 666.70 Td (and ) Tj ET Q q 0 0 0 rg BT 550.67 666.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 560.01 666.70 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 657.10 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 106.96 657.10 Td (has ) Tj ET Q q 0 0 0 rg BT 119.92 657.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 147.54 657.10 Td (200,000 ) Tj ET Q q 0 0 0 rg BT 175.84 657.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 198.12 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.08 657.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 226.21 657.10 Td (A) Tj ET Q q 0 0 0 rg BT 231.54 657.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.84 657.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 265.92 657.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 288.44 657.10 Td (each ) Tj ET Q q 0 0 0 rg BT 305.38 657.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.90 657.10 Td (favor ) Tj ET Q q 0 0 0 rg BT 333.08 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.04 657.10 Td (ING ) Tj ET Q q 0 0 0 rg BT 358.55 657.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 377.74 657.10 Td (N.V) Tj ET Q q 0 0 0 rg BT 390.26 657.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.05 657.10 Td (Amsterdam ) Tj ET Q q 0 0 0 rg BT 433.67 657.10 Td (- ) Tj ET Q q 0 0 0 rg BT 438.63 657.10 Td (Bucharest ) Tj ET Q q 0 0 0 rg BT 472.91 657.10 Td (Branch ) Tj ET Q q 0 0 0 rg BT 498.31 657.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 528.16 657.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.67 657.10 Td (security ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 647.50 Td (agreements ) Tj ET Q q 0 0 0 rg BT 124.43 647.50 Td (dated ) Tj ET Q q 0 0 0 rg BT 143.75 647.50 Td (May ) Tj ET Q q 0 0 0 rg BT 160.41 647.50 Td (20, ) Tj ET Q q 0 0 0 rg BT 172.41 647.50 Td (2010 ) Tj ET Q q 0 0 0 rg BT 190.41 647.50 Td (and ) Tj ET Q q 0 0 0 rg BT 203.96 647.50 Td (September ) Tj ET Q q 0 0 0 rg BT 240.18 647.50 Td (30, ) Tj ET Q q 0 0 0 rg BT 252.18 647.50 Td (201) Tj ET Q q 0 0 0 rg BT 263.88 647.50 Td (1.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 634.90 Td (\(16\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 634.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.34 634.90 Td (. ) Tj ET Q q 0 0 0 rg BT 99.14 634.90 Td (Sach ) Tj ET Q q 0 0 0 rg BT 116.49 634.90 Td (entered ) Tj ET Q q 0 0 0 rg BT 141.83 634.90 Td (into ) Tj ET Q q 0 0 0 rg BT 156.07 634.90 Td (a ) Tj ET Q q 0 0 0 rg BT 161.42 634.90 Td (separation ) Tj ET Q q 0 0 0 rg BT 196.10 634.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 231.21 634.90 Td (with ) Tj ET Q q 0 0 0 rg BT 247.23 634.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.80 634.90 Td (Company) Tj ET Q q 0 0 0 rg BT 292.14 634.90 Td (s ) Tj ET Q q 0 0 0 rg BT 297.05 634.90 Td (af) Tj ET Q q 0 0 0 rg BT 303.12 634.90 Td (filiate, ) Tj ET Q q 0 0 0 rg BT 325.58 634.90 Td (CME ) Tj ET Q q 0 0 0 rg BT 344.71 634.90 Td (Media ) Tj ET Q q 0 0 0 rg BT 366.95 634.90 Td (Services ) Tj ET Q q 0 0 0 rg BT 395.85 634.90 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 424.98 634.90 Td (on ) Tj ET Q q 0 0 0 rg BT 434.78 634.90 Td (October ) Tj ET Q q 0 0 0 rg BT 462.34 634.90 Td (14, ) Tj ET Q q 0 0 0 rg BT 474.14 634.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 493.94 634.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 523.29 634.90 Td (to ) Tj ET Q q 0 0 0 rg BT 531.32 634.90 Td (which ) Tj ET Q q 0 0 0 rg BT 552.67 634.90 Td (his ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 625.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 127.72 625.30 Td (and ) Tj ET Q q 0 0 0 rg BT 141.00 625.30 Td (service ) Tj ET Q q 0 0 0 rg BT 165.38 625.30 Td (as ) Tj ET Q q 0 0 0 rg BT 173.77 625.30 Td (Chief ) Tj ET Q q 0 0 0 rg BT 193.27 625.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 224.76 625.30 Td (Of) Tj ET Q q 0 0 0 rg BT 233.06 625.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 249.44 625.30 Td (were ) Tj ET Q q 0 0 0 rg BT 266.71 625.30 Td (terminated ) Tj ET Q q 0 0 0 rg BT 302.64 625.30 Td (as ) Tj ET Q q 0 0 0 rg BT 311.03 625.30 Td (of ) Tj ET Q q 0 0 0 rg BT 319.42 625.30 Td (October ) Tj ET Q q 0 0 0 rg BT 346.91 625.30 Td (29, ) Tj ET Q q 0 0 0 rg BT 358.64 625.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 378.24 625.30 Td (The ) Tj ET Q q 0 0 0 rg BT 392.41 625.30 Td (information ) Tj ET Q q 0 0 0 rg BT 431.90 625.30 Td (in ) Tj ET Q q 0 0 0 rg BT 439.85 625.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 464.23 625.30 Td (of ) Tj ET Q q 0 0 0 rg BT 472.62 625.30 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 505.88 625.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 540.94 625.30 Td (by ) Tj ET Q q 0 0 0 rg BT 550.66 625.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 560.00 625.30 Td (. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 615.70 Td (Sach ) Tj ET Q q 0 0 0 rg BT 103.55 615.70 Td (is ) Tj ET Q q 0 0 0 rg BT 110.89 615.70 Td (based ) Tj ET Q q 0 0 0 rg BT 131.10 615.70 Td (on ) Tj ET Q q 0 0 0 rg BT 141.10 615.70 Td (information ) Tj ET Q q 0 0 0 rg BT 180.87 615.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 211.31 615.70 Td (to ) Tj ET Q q 0 0 0 rg BT 219.53 615.70 Td (the ) Tj ET Q q 0 0 0 rg BT 231.30 615.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.41 615.70 Td (by ) Tj ET Q q 0 0 0 rg BT 274.41 615.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 283.75 615.70 Td (. ) Tj ET Q q 0 0 0 rg BT 287.75 615.70 Td (Sach. ) Tj ET Q q 0 0 0 rg BT 307.30 615.70 Td (Consists ) Tj ET Q q 0 0 0 rg BT 336.42 615.70 Td (of ) Tj ET Q q 0 0 0 rg BT 345.09 615.70 Td (299,998 ) Tj ET Q q 0 0 0 rg BT 373.09 615.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 395.08 615.70 Td (of ) Tj ET Q q 0 0 0 rg BT 403.74 615.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 422.64 615.70 Td (A) Tj ET Q q 0 0 0 rg BT 427.97 615.70 Td ( ) Tj ET Q q 0 0 0 rg BT 429.97 615.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 461.75 615.70 Td (Stock.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 603.10 Td (\(17\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 603.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 95.34 603.10 Td (. ) Tj ET Q q 0 0 0 rg BT 99.39 603.10 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 122.78 603.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 148.38 603.10 Td (into ) Tj ET Q q 0 0 0 rg BT 162.88 603.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.48 603.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 203.41 603.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 238.78 603.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.05 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.88 603.10 Td (Company) Tj ET Q q 0 0 0 rg BT 300.21 603.10 Td (s ) Tj ET Q q 0 0 0 rg BT 305.38 603.10 Td (af) Tj ET Q q 0 0 0 rg BT 311.45 603.10 Td (filiate, ) Tj ET Q q 0 0 0 rg BT 334.16 603.10 Td (CME ) Tj ET Q q 0 0 0 rg BT 353.55 603.10 Td (Media ) Tj ET Q q 0 0 0 rg BT 376.05 603.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 405.20 603.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 434.59 603.10 Td (on ) Tj ET Q q 0 0 0 rg BT 444.64 603.10 Td (October ) Tj ET Q q 0 0 0 rg BT 472.46 603.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 484.52 603.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 504.57 603.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 534.18 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.45 603.10 Td (which ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 593.50 Td (his ) Tj ET Q q 0 0 0 rg BT 96.79 593.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 138.23 593.50 Td (and ) Tj ET Q q 0 0 0 rg BT 151.24 593.50 Td (service ) Tj ET Q q 0 0 0 rg BT 175.34 593.50 Td (as ) Tj ET Q q 0 0 0 rg BT 183.46 593.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 216.79 593.50 Td (V) Tj ET Q q 0 0 0 rg BT 222.09 593.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 232.87 593.50 Td (President, ) Tj ET Q q 0 0 0 rg BT 266.09 593.50 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 295.98 593.50 Td (Planning ) Tj ET Q q 0 0 0 rg BT 325.88 593.50 Td (and ) Tj ET Q q 0 0 0 rg BT 338.88 593.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 375.44 593.50 Td (were ) Tj ET Q q 0 0 0 rg BT 392.43 593.50 Td (terminated ) Tj ET Q q 0 0 0 rg BT 428.09 593.50 Td (as ) Tj ET Q q 0 0 0 rg BT 436.21 593.50 Td (of ) Tj ET Q q 0 0 0 rg BT 444.33 593.50 Td (November ) Tj ET Q q 0 0 0 rg BT 479.55 593.50 Td (15, ) Tj ET Q q 0 0 0 rg BT 491.00 593.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 510.35 593.50 Td (The ) Tj ET Q q 0 0 0 rg BT 524.24 593.50 Td (information ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 583.90 Td (in ) Tj ET Q q 0 0 0 rg BT 94.06 583.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 118.55 583.90 Td (of ) Tj ET Q q 0 0 0 rg BT 127.06 583.90 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 160.43 583.90 Td (ownership ) Tj ET Q q 0 0 0 rg BT 195.60 583.90 Td (by ) Tj ET Q q 0 0 0 rg BT 205.44 583.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 214.77 583.90 Td (. ) Tj ET Q q 0 0 0 rg BT 218.61 583.90 Td (Chhoy ) Tj ET Q q 0 0 0 rg BT 241.79 583.90 Td (is ) Tj ET Q q 0 0 0 rg BT 248.96 583.90 Td (based ) Tj ET Q q 0 0 0 rg BT 269.01 583.90 Td (on ) Tj ET Q q 0 0 0 rg BT 278.85 583.90 Td (information ) Tj ET Q q 0 0 0 rg BT 318.46 583.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 348.74 583.90 Td (to ) Tj ET Q q 0 0 0 rg BT 356.80 583.90 Td (the ) Tj ET Q q 0 0 0 rg BT 368.41 583.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.36 583.90 Td (by ) Tj ET Q q 0 0 0 rg BT 411.20 583.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 420.53 583.90 Td (. ) Tj ET Q q 0 0 0 rg BT 424.37 583.90 Td (Chhoy) Tj ET Q q 0 0 0 rg BT 445.19 583.90 Td (. ) Tj ET Q q 0 0 0 rg BT 449.03 583.90 Td (Consists ) Tj ET Q q 0 0 0 rg BT 477.99 583.90 Td (of ) Tj ET Q q 0 0 0 rg BT 486.49 583.90 Td (139,134 ) Tj ET Q q 0 0 0 rg BT 514.33 583.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.16 583.90 Td (of ) Tj ET Q q 0 0 0 rg BT 544.66 583.90 Td (Class ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 574.30 Td (A) Tj ET Q q 0 0 0 rg BT 91.34 574.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.34 574.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 125.12 574.30 Td (Stock.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 561.70 Td (\(18\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 561.70 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.33 561.70 Td (of ) Tj ET Q q 0 0 0 rg BT 124.20 561.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 133.96 561.70 Td (8,178,810 ) Tj ET Q q 0 0 0 rg BT 168.17 561.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.37 561.70 Td (of ) Tj ET Q q 0 0 0 rg BT 199.24 561.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 218.30 561.70 Td (A) Tj ET Q q 0 0 0 rg BT 223.63 561.70 Td ( ) Tj ET Q q 0 0 0 rg BT 225.84 561.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 257.83 561.70 Td (Stock; ) Tj ET Q q 0 0 0 rg BT 280.48 561.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 292.46 561.70 Td (1,221,500 ) Tj ET Q q 0 0 0 rg BT 326.67 561.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 348.87 561.70 Td (of ) Tj ET Q q 0 0 0 rg BT 357.75 561.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 376.80 561.70 Td (A) Tj ET Q q 0 0 0 rg BT 382.14 561.70 Td ( ) Tj ET Q q 0 0 0 rg BT 384.35 561.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 416.33 561.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 436.77 561.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 473.63 561.70 Td (options ) Tj ET Q q 0 0 0 rg BT 499.40 561.70 Td (which ) Tj ET Q q 0 0 0 rg BT 521.16 561.70 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 561.70 Td (currently ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 552.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 124.05 552.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.78 552.10 Td (will ) Tj ET Q q 0 0 0 rg BT 147.30 552.10 Td (become ) Tj ET Q q 0 0 0 rg BT 174.24 552.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 212.29 552.10 Td (within ) Tj ET Q q 0 0 0 rg BT 234.80 552.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 244.88 552.10 Td (days ) Tj ET Q q 0 0 0 rg BT 261.61 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.23 552.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 304.84 552.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.14 552.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 343.64 552.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.70 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.43 552.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.38 552.10 Td (A) Tj ET Q q 0 0 0 rg BT 398.72 552.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.79 552.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 432.64 552.10 Td (Stock; ) Tj ET Q q 0 0 0 rg BT 455.16 552.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.78 552.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 482.84 552.10 Td (10,000 ) Tj ET Q q 0 0 0 rg BT 506.91 552.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 528.98 552.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.71 552.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 556.66 552.10 Td (A) Tj ET Q q 0 0 0 rg BT 562.00 552.10 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 542.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 118.02 542.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 138.48 542.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 175.38 542.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 207.38 542.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 226.51 542.50 Td (units ) Tj ET Q q 0 0 0 rg BT 244.31 542.50 Td (which ) Tj ET Q q 0 0 0 rg BT 266.10 542.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 297.65 542.50 Td (a ) Tj ET Q q 0 0 0 rg BT 303.44 542.50 Td (contingent ) Tj ET Q q 0 0 0 rg BT 339.45 542.50 Td (right ) Tj ET Q q 0 0 0 rg BT 356.80 542.50 Td (to ) Tj ET Q q 0 0 0 rg BT 365.26 542.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 390.59 542.50 Td (such ) Tj ET Q q 0 0 0 rg BT 407.49 542.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 429.73 542.50 Td (and ) Tj ET Q q 0 0 0 rg BT 443.52 542.50 Td (which ) Tj ET Q q 0 0 0 rg BT 465.31 542.50 Td (have ) Tj ET Q q 0 0 0 rg BT 482.65 542.50 Td (vested. ) Tj ET Q q 0 0 0 rg BT 507.32 542.50 Td (Does ) Tj ET Q q 0 0 0 rg BT 526.00 542.50 Td (not ) Tj ET Q q 0 0 0 rg BT 538.47 542.50 Td (include ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 532.90 Td (348,648 ) Tj ET Q q 0 0 0 rg BT 114.28 532.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.55 532.90 Td (of ) Tj ET Q q 0 0 0 rg BT 145.50 532.90 Td (Class ) Tj ET Q q 0 0 0 rg BT 164.61 532.90 Td (A) Tj ET Q q 0 0 0 rg BT 169.95 532.90 Td ( ) Tj ET Q q 0 0 0 rg BT 172.23 532.90 Td (Common ) Tj ET Q q 0 0 0 rg BT 204.29 532.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 224.79 532.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 261.73 532.90 Td (restricted ) Tj ET Q q 0 0 0 rg BT 293.77 532.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.94 532.90 Td (units ) Tj ET Q q 0 0 0 rg BT 330.78 532.90 Td (which ) Tj ET Q q 0 0 0 rg BT 352.61 532.90 Td (represent ) Tj ET Q q 0 0 0 rg BT 384.21 532.90 Td (a ) Tj ET Q q 0 0 0 rg BT 390.04 532.90 Td (contingent ) Tj ET Q q 0 0 0 rg BT 426.09 532.90 Td (right ) Tj ET Q q 0 0 0 rg BT 443.48 532.90 Td (to ) Tj ET Q q 0 0 0 rg BT 451.98 532.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 477.35 532.90 Td (such ) Tj ET Q q 0 0 0 rg BT 494.29 532.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.57 532.90 Td (and ) Tj ET Q q 0 0 0 rg BT 530.40 532.90 Td (which ) Tj ET Q q 0 0 0 rg BT 552.23 532.90 Td (are ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 523.30 Td (currently ) Tj ET Q q 0 0 0 rg BT 116.88 523.30 Td (not ) Tj ET Q q 0 0 0 rg BT 129.10 523.30 Td (vested, ) Tj ET Q q 0 0 0 rg BT 153.54 523.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 166.20 523.30 Td (will ) Tj ET Q q 0 0 0 rg BT 180.64 523.30 Td (they ) Tj ET Q q 0 0 0 rg BT 196.42 523.30 Td (become ) Tj ET Q q 0 0 0 rg BT 223.29 523.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 245.73 523.30 Td (within ) Tj ET Q q 0 0 0 rg BT 268.18 523.30 Td (60 ) Tj ET Q q 0 0 0 rg BT 278.18 523.30 Td (days.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 510.70 Td (\(19\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 510.70 Td (Consists ) Tj ET Q q 0 0 0 rg BT 115.41 510.70 Td (of ) Tj ET Q q 0 0 0 rg BT 124.36 510.70 Td (voting ) Tj ET Q q 0 0 0 rg BT 147.09 510.70 Td (rights ) Tj ET Q q 0 0 0 rg BT 167.60 510.70 Td (with ) Tj ET Q q 0 0 0 rg BT 184.11 510.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 209.04 510.70 Td (to ) Tj ET Q q 0 0 0 rg BT 217.55 510.70 Td (the ) Tj ET Q q 0 0 0 rg BT 229.61 510.70 Td (61,407,775 ) Tj ET Q q 0 0 0 rg BT 267.90 510.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 290.18 510.70 Td (of ) Tj ET Q q 0 0 0 rg BT 299.13 510.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 318.25 510.70 Td (A) Tj ET Q q 0 0 0 rg BT 323.58 510.70 Td ( ) Tj ET Q q 0 0 0 rg BT 325.87 510.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 357.94 510.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 378.44 510.70 Td (and ) Tj ET Q q 0 0 0 rg BT 392.28 510.70 Td (the ) Tj ET Q q 0 0 0 rg BT 404.34 510.70 Td (Series ) Tj ET Q q 0 0 0 rg BT 425.67 510.70 Td (A) Tj ET Q q 0 0 0 rg BT 431.01 510.70 Td ( ) Tj ET Q q 0 0 0 rg BT 433.29 510.70 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 465.34 510.70 Td (Share ) Tj ET Q q 0 0 0 rg BT 485.84 510.70 Td (held ) Tj ET Q q 0 0 0 rg BT 501.90 510.70 Td (by ) Tj ET Q q 0 0 0 rg BT 512.02 510.70 Td (TWBV) Tj ET Q q 0 0 0 rg BT 534.54 510.70 Td (. ) Tj ET Q q 0 0 0 rg BT 538.83 510.70 Td (For ) Tj ET Q q 0 0 0 rg BT 552.23 510.70 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 501.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 116.50 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.23 501.10 Td (this ) Tj ET Q q 0 0 0 rg BT 138.85 501.10 Td (table ) Tj ET Q q 0 0 0 rg BT 156.45 501.10 Td (only) Tj ET Q q 0 0 0 rg BT 170.16 501.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.22 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.05 501.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 208.56 501.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 248.37 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.95 501.10 Td (T) Tj ET Q q 0 0 0 rg BT 261.55 501.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 275.46 501.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.37 501.10 Td (arner) Tj ET Q q 0 0 0 rg BT 298.48 501.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.39 501.10 Td (TWMH ) Tj ET Q q 0 0 0 rg BT 329.78 501.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.24 501.10 Td (TWBV) Tj ET Q q 0 0 0 rg BT 366.65 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.71 501.10 Td (were ) Tj ET Q q 0 0 0 rg BT 386.31 501.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 420.79 501.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.52 501.10 Td (if ) Tj ET Q q 0 0 0 rg BT 436.32 501.10 Td (TWBV) Tj ET Q q 0 0 0 rg BT 459.72 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.78 501.10 Td (had ) Tj ET Q q 0 0 0 rg BT 475.40 501.10 Td (received ) Tj ET Q q 0 0 0 rg BT 504.55 501.10 Td (1) Tj ET Q q 0 0 0 rg BT 508.25 501.10 Td (1,21) Tj ET Q q 0 0 0 rg BT 521.95 501.10 Td (1,449 ) Tj ET Q q 0 0 0 rg BT 542.01 501.10 Td (shares ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 491.50 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 491.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 113.56 491.50 Td (A) Tj ET Q q 0 0 0 rg BT 118.89 491.50 Td ( ) Tj ET Q q 0 0 0 rg BT 120.89 491.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 152.68 491.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 172.90 491.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 190.90 491.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.67 491.50 Td (conversion ) Tj ET Q q 0 0 0 rg BT 239.77 491.50 Td (of ) Tj ET Q q 0 0 0 rg BT 248.44 491.50 Td (the ) Tj ET Q q 0 0 0 rg BT 260.21 491.50 Td (Series ) Tj ET Q q 0 0 0 rg BT 281.32 491.50 Td (A) Tj ET Q q 0 0 0 rg BT 286.66 491.50 Td ( ) Tj ET Q q 0 0 0 rg BT 288.66 491.50 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 320.41 491.50 Td (Share.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 469.90 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 469.90 Td (13. ) Tj ET Q q 0 0 0 rg BT 95.00 469.90 Td (CER) Tj ET Q q 0 0 0 rg BT 111.61 469.90 Td (T) Tj ET Q q 0 0 0 rg BT 116.35 469.90 Td (AIN ) Tj ET Q q 0 0 0 rg BT 133.02 469.90 Td (RELA) Tj ET Q q 0 0 0 rg BT 154.65 469.90 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 199.78 469.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 219.11 469.90 Td (RELA) Tj ET Q q 0 0 0 rg BT 240.75 469.90 Td (TED ) Tj ET Q q 0 0 0 rg BT 259.05 469.90 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 326.18 469.90 Td (AND ) Tj ET Q q 0 0 0 rg BT 345.51 469.90 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 376.48 469.90 Td (OR ) Tj ET Q q 0 0 0 rg BT 390.48 469.90 Td (INDEPENDENCE) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 451.30 Td (Certain Relationships and Related Party ) Tj ET Q q 0 0 0 rg BT 190.52 451.30 Td (T) Tj ET Q q 0 0 0 rg BT 195.26 451.30 Td (ransactions) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 432.70 Td (Review ) Tj ET Q q 0 0 0 rg BT 75.10 432.70 Td (and ) Tj ET Q q 0 0 0 rg BT 88.95 432.70 Td (Appr) Tj ET Q q 0 0 0 rg BT 104.66 432.70 Td (oval ) Tj ET Q q 0 0 0 rg BT 120.43 432.70 Td (of ) Tj ET Q q 0 0 0 rg BT 128.65 432.70 Td (Related ) Tj ET Q q 0 0 0 rg BT 155.09 432.70 Td (Party ) Tj ET Q q 0 0 0 rg BT 174.86 432.70 Td (T) Tj ET Q q 0 0 0 rg BT 178.87 432.70 Td (ransactions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (All ) Tj ET Q q 0 0 0 rg BT 61.84 417.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.67 417.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.51 417.10 Td (which ) Tj ET Q q 0 0 0 rg BT 130.68 417.10 Td (we ) Tj ET Q q 0 0 0 rg BT 141.63 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.80 417.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.08 417.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 196.69 417.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.86 417.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 242.13 417.10 Td (of) Tj ET Q q 0 0 0 rg BT 248.65 417.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 268.03 417.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.32 417.10 Td (members ) Tj ET Q q 0 0 0 rg BT 307.26 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.54 417.10 Td (their ) Tj ET Q q 0 0 0 rg BT 331.82 417.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 367.21 417.10 Td (families ) Tj ET Q q 0 0 0 rg BT 394.60 417.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.98 417.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 444.92 417.10 Td (that ) Tj ET Q q 0 0 0 rg BT 458.54 417.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.92 417.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 494.20 417.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.04 417.10 Td (review) Tj ET Q q 0 0 0 rg BT 523.29 417.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.91 417.10 Td (ratification ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 407.50 Td (or ) Tj ET Q q 0 0 0 rg BT 59.05 407.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 89.42 407.50 Td (by ) Tj ET Q q 0 0 0 rg BT 99.80 407.50 Td (us ) Tj ET Q q 0 0 0 rg BT 109.30 407.50 Td (under ) Tj ET Q q 0 0 0 rg BT 129.90 407.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 158.04 407.50 Td (SEC ) Tj ET Q q 0 0 0 rg BT 175.10 407.50 Td (regulations ) Tj ET Q q 0 0 0 rg BT 213.03 407.50 Td (and ) Tj ET Q q 0 0 0 rg BT 226.97 407.50 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 262.69 407.50 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 305.05 407.50 Td (Rules ) Tj ET Q q 0 0 0 rg BT 325.65 407.50 Td (are ) Tj ET Q q 0 0 0 rg BT 337.80 407.50 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 369.50 407.50 Td (to ) Tj ET Q q 0 0 0 rg BT 378.11 407.50 Td (determine ) Tj ET Q q 0 0 0 rg BT 412.48 407.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 440.63 407.50 Td (such ) Tj ET Q q 0 0 0 rg BT 457.67 407.50 Td (persons ) Tj ET Q q 0 0 0 rg BT 484.50 407.50 Td (have ) Tj ET Q q 0 0 0 rg BT 501.98 407.50 Td (a ) Tj ET Q q 0 0 0 rg BT 507.92 407.50 Td (direct ) Tj ET Q q 0 0 0 rg BT 528.51 407.50 Td (or ) Tj ET Q q 0 0 0 rg BT 537.56 407.50 Td (indirect ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 397.90 Td (material ) Tj ET Q q 0 0 0 rg BT 77.85 397.90 Td (interest. ) Tj ET Q q 0 0 0 rg BT 105.04 397.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 148.44 397.90 Td (is ) Tj ET Q q 0 0 0 rg BT 155.41 397.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 186.82 397.90 Td (responsible ) Tj ET Q q 0 0 0 rg BT 224.90 397.90 Td (for ) Tj ET Q q 0 0 0 rg BT 235.87 397.90 Td (the ) Tj ET Q q 0 0 0 rg BT 247.29 397.90 Td (development ) Tj ET Q q 0 0 0 rg BT 290.25 397.90 Td (and ) Tj ET Q q 0 0 0 rg BT 303.44 397.90 Td (implementation ) Tj ET Q q 0 0 0 rg BT 355.29 397.90 Td (of ) Tj ET Q q 0 0 0 rg BT 363.59 397.90 Td (processes ) Tj ET Q q 0 0 0 rg BT 395.89 397.90 Td (and ) Tj ET Q q 0 0 0 rg BT 409.08 397.90 Td (controls ) Tj ET Q q 0 0 0 rg BT 436.50 397.90 Td (to ) Tj ET Q q 0 0 0 rg BT 444.36 397.90 Td (obtain ) Tj ET Q q 0 0 0 rg BT 466.00 397.90 Td (information ) Tj ET Q q 0 0 0 rg BT 505.41 397.90 Td (from ) Tj ET Q q 0 0 0 rg BT 522.60 397.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.01 397.90 Td (directors ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 388.30 Td (and ) Tj ET Q q 0 0 0 rg BT 63.46 388.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 96.02 388.30 Td (of) Tj ET Q q 0 0 0 rg BT 102.54 388.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 122.22 388.30 Td (in ) Tj ET Q q 0 0 0 rg BT 130.35 388.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 154.92 388.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.49 388.30 Td (such ) Tj ET Q q 0 0 0 rg BT 180.07 388.30 Td (related ) Tj ET Q q 0 0 0 rg BT 203.74 388.30 Td (party ) Tj ET Q q 0 0 0 rg BT 222.09 388.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 262.21 388.30 Td (and ) Tj ET Q q 0 0 0 rg BT 275.67 388.30 Td (for ) Tj ET Q q 0 0 0 rg BT 286.91 388.30 Td (determining, ) Tj ET Q q 0 0 0 rg BT 329.48 388.30 Td (based ) Tj ET Q q 0 0 0 rg BT 349.60 388.30 Td (on ) Tj ET Q q 0 0 0 rg BT 359.51 388.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.20 388.30 Td (facts ) Tj ET Q q 0 0 0 rg BT 388.21 388.30 Td (and ) Tj ET Q q 0 0 0 rg BT 401.67 388.30 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 450.90 388.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 478.57 388.30 Td (we ) Tj ET Q q 0 0 0 rg BT 489.81 388.30 Td (or ) Tj ET Q q 0 0 0 rg BT 498.39 388.30 Td (a ) Tj ET Q q 0 0 0 rg BT 503.85 388.30 Td (related ) Tj ET Q q 0 0 0 rg BT 527.52 388.30 Td (party ) Tj ET Q q 0 0 0 rg BT 545.87 388.30 Td (has ) Tj ET Q q 0 0 0 rg BT 558.45 388.30 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 378.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 70.11 378.70 Td (or ) Tj ET Q q 0 0 0 rg BT 78.68 378.70 Td (indirect ) Tj ET Q q 0 0 0 rg BT 105.01 378.70 Td (material ) Tj ET Q q 0 0 0 rg BT 133.12 378.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 158.57 378.70 Td (in ) Tj ET Q q 0 0 0 rg BT 166.69 378.70 Td (the ) Tj ET Q q 0 0 0 rg BT 178.37 378.70 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 217.37 378.70 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 247.27 378.70 Td (to ) Tj ET Q q 0 0 0 rg BT 255.39 378.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 283.06 378.70 Td (SEC ) Tj ET Q q 0 0 0 rg BT 299.63 378.70 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 339.08 378.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 379.19 378.70 Td (that ) Tj ET Q q 0 0 0 rg BT 393.09 378.70 Td (are ) Tj ET Q q 0 0 0 rg BT 404.75 378.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 442.64 378.70 Td (to ) Tj ET Q q 0 0 0 rg BT 450.76 378.70 Td (be ) Tj ET Q q 0 0 0 rg BT 460.22 378.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 486.55 378.70 Td (or ) Tj ET Q q 0 0 0 rg BT 495.12 378.70 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 527.67 378.70 Td (material ) Tj ET Q q 0 0 0 rg BT 555.78 378.70 Td (to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (us ) Tj ET Q q 0 0 0 rg BT 59.11 369.10 Td (or ) Tj ET Q q 0 0 0 rg BT 67.78 369.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.33 369.10 Td (related ) Tj ET Q q 0 0 0 rg BT 97.09 369.10 Td (person ) Tj ET Q q 0 0 0 rg BT 120.42 369.10 Td (are ) Tj ET Q q 0 0 0 rg BT 132.18 369.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 163.96 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.18 369.10 Td (this ) Tj ET Q q 0 0 0 rg BT 185.74 369.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 205.07 369.10 Td (10-K.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 353.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 64.18 353.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 97.91 353.50 Td (Governance/Nominating ) Tj ET Q q 0 0 0 rg BT 178.74 353.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 216.03 353.50 Td (reviews, ) Tj ET Q q 0 0 0 rg BT 244.65 353.50 Td (approves ) Tj ET Q q 0 0 0 rg BT 275.27 353.50 Td (or ) Tj ET Q q 0 0 0 rg BT 283.68 353.50 Td (ratifies ) Tj ET Q q 0 0 0 rg BT 307.63 353.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 335.13 353.50 Td (related ) Tj ET Q q 0 0 0 rg BT 358.63 353.50 Td (party ) Tj ET Q q 0 0 0 rg BT 376.81 353.50 Td (transactions ) Tj ET Q q 0 0 0 rg BT 416.77 353.50 Td (in ) Tj ET Q q 0 0 0 rg BT 424.73 353.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 462.44 353.50 Td (with ) Tj ET Q q 0 0 0 rg BT 478.40 353.50 Td (a ) Tj ET Q q 0 0 0 rg BT 483.70 353.50 Td (written ) Tj ET Q q 0 0 0 rg BT 508.10 353.50 Td (procedure. ) Tj ET Q q 0 0 0 rg BT 543.82 353.50 Td (In ) Tj ET Q q 0 0 0 rg BT 552.22 353.50 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 343.90 Td (course ) Tj ET Q q 0 0 0 rg BT 72.98 343.90 Td (of ) Tj ET Q q 0 0 0 rg BT 81.75 343.90 Td (its ) Tj ET Q q 0 0 0 rg BT 91.41 343.90 Td (review) Tj ET Q q 0 0 0 rg BT 112.65 343.90 Td (, ) Tj ET Q q 0 0 0 rg BT 116.75 343.90 Td (approval ) Tj ET Q q 0 0 0 rg BT 146.84 343.90 Td (or ) Tj ET Q q 0 0 0 rg BT 155.61 343.90 Td (ratification ) Tj ET Q q 0 0 0 rg BT 192.80 343.90 Td (of ) Tj ET Q q 0 0 0 rg BT 201.57 343.90 Td (related ) Tj ET Q q 0 0 0 rg BT 225.43 343.90 Td (party ) Tj ET Q q 0 0 0 rg BT 243.97 343.90 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 286.29 343.90 Td (the ) Tj ET Q q 0 0 0 rg BT 298.16 343.90 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 332.25 343.90 Td (Governance/Nominating ) Tj ET Q q 0 0 0 rg BT 413.44 343.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 451.09 343.90 Td (considers: ) Tj ET Q q 0 0 0 rg BT 485.63 343.90 Td (the ) Tj ET Q q 0 0 0 rg BT 497.50 343.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 519.59 343.90 Td (of ) Tj ET Q q 0 0 0 rg BT 528.36 343.90 Td (the ) Tj ET Q q 0 0 0 rg BT 540.23 343.90 Td (related ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 334.30 Td (party) Tj ET Q q 0 0 0 rg BT 68.66 334.30 Td (s ) Tj ET Q q 0 0 0 rg BT 73.60 334.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 98.96 334.30 Td (in ) Tj ET Q q 0 0 0 rg BT 107.01 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 118.61 334.30 Td (transaction; ) Tj ET Q q 0 0 0 rg BT 157.75 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.34 334.30 Td (material ) Tj ET Q q 0 0 0 rg BT 197.37 334.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 216.97 334.30 Td (of ) Tj ET Q q 0 0 0 rg BT 225.46 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 237.05 334.30 Td (transaction; ) Tj ET Q q 0 0 0 rg BT 276.19 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 287.79 334.30 Td (nature ) Tj ET Q q 0 0 0 rg BT 309.60 334.30 Td (of ) Tj ET Q q 0 0 0 rg BT 318.09 334.30 Td (our ) Tj ET Q q 0 0 0 rg BT 330.57 334.30 Td (participation ) Tj ET Q q 0 0 0 rg BT 372.82 334.30 Td (in ) Tj ET Q q 0 0 0 rg BT 380.87 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 392.46 334.30 Td (transaction; ) Tj ET Q q 0 0 0 rg BT 431.61 334.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 459.20 334.30 Td (the ) Tj ET Q q 0 0 0 rg BT 470.79 334.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 507.71 334.30 Td (would ) Tj ET Q q 0 0 0 rg BT 529.53 334.30 Td (impair ) Tj ET Q q 0 0 0 rg BT 552.24 334.30 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 324.70 Td (judgment ) Tj ET Q q 0 0 0 rg BT 82.22 324.70 Td (of ) Tj ET Q q 0 0 0 rg BT 90.88 324.70 Td (the ) Tj ET Q q 0 0 0 rg BT 102.66 324.70 Td (related ) Tj ET Q q 0 0 0 rg BT 126.42 324.70 Td (party ) Tj ET Q q 0 0 0 rg BT 144.86 324.70 Td (to ) Tj ET Q q 0 0 0 rg BT 153.08 324.70 Td (act ) Tj ET Q q 0 0 0 rg BT 164.40 324.70 Td (in ) Tj ET Q q 0 0 0 rg BT 172.63 324.70 Td (our ) Tj ET Q q 0 0 0 rg BT 185.29 324.70 Td (best ) Tj ET Q q 0 0 0 rg BT 200.18 324.70 Td (interests; ) Tj ET Q q 0 0 0 rg BT 231.06 324.70 Td (and ) Tj ET Q q 0 0 0 rg BT 244.61 324.70 Td (such ) Tj ET Q q 0 0 0 rg BT 261.27 324.70 Td (other ) Tj ET Q q 0 0 0 rg BT 279.71 324.70 Td (matters ) Tj ET Q q 0 0 0 rg BT 305.26 324.70 Td (as ) Tj ET Q q 0 0 0 rg BT 313.92 324.70 Td (are ) Tj ET Q q 0 0 0 rg BT 325.69 324.70 Td (considered ) Tj ET Q q 0 0 0 rg BT 362.34 324.70 Td (appropriate.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 66.39 309.10 Td (member ) Tj ET Q q 0 0 0 rg BT 95.22 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.50 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.89 309.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 151.50 309.10 Td (Governance/Nominating ) Tj ET Q q 0 0 0 rg BT 233.20 309.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 271.36 309.10 Td (who ) Tj ET Q q 0 0 0 rg BT 287.76 309.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.71 309.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.88 309.10 Td (related ) Tj ET Q q 0 0 0 rg BT 326.25 309.10 Td (party ) Tj ET Q q 0 0 0 rg BT 345.31 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.15 309.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 379.42 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.70 309.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.86 309.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 432.58 309.10 Td (under ) Tj ET Q q 0 0 0 rg BT 453.41 309.10 Td (review ) Tj ET Q q 0 0 0 rg BT 477.79 309.10 Td (may ) Tj ET Q q 0 0 0 rg BT 494.18 309.10 Td (not ) Tj ET Q q 0 0 0 rg BT 507.02 309.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 543.39 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 552.23 309.10 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 299.50 Td (deliberations ) Tj ET Q q 0 0 0 rg BT 93.32 299.50 Td (or ) Tj ET Q q 0 0 0 rg BT 101.98 299.50 Td (vote ) Tj ET Q q 0 0 0 rg BT 117.76 299.50 Td (for ) Tj ET Q q 0 0 0 rg BT 129.09 299.50 Td (an ) Tj ET Q q 0 0 0 rg BT 138.64 299.50 Td (approval ) Tj ET Q q 0 0 0 rg BT 168.63 299.50 Td (or ) Tj ET Q q 0 0 0 rg BT 177.29 299.50 Td (ratification ) Tj ET Q q 0 0 0 rg BT 214.38 299.50 Td (of ) Tj ET Q q 0 0 0 rg BT 223.05 299.50 Td (such ) Tj ET Q q 0 0 0 rg BT 239.71 299.50 Td (transaction.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 280.90 Td (Related ) Tj ET Q q 0 0 0 rg BT 76.43 280.90 Td (Party ) Tj ET Q q 0 0 0 rg BT 96.21 280.90 Td (T) Tj ET Q q 0 0 0 rg BT 100.21 280.90 Td (ransactions) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 262.30 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 262.30 Td (ime ) Tj ET Q q 0 0 0 rg BT 69.48 262.30 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 262.30 Td (arner) Tj ET Q q 0 0 0 rg BT 96.00 262.30 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 262.30 Td (Inc.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 246.70 Td (For ) Tj ET Q q 0 0 0 rg BT 63.66 246.70 Td (the ) Tj ET Q q 0 0 0 rg BT 75.98 246.70 Td (year ) Tj ET Q q 0 0 0 rg BT 92.29 246.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 113.94 246.70 Td (December ) Tj ET Q q 0 0 0 rg BT 149.35 246.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 161.90 246.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 182.44 246.70 Td (we ) Tj ET Q q 0 0 0 rg BT 194.32 246.70 Td (made ) Tj ET Q q 0 0 0 rg BT 214.19 246.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 248.28 246.70 Td (from ) Tj ET Q q 0 0 0 rg BT 266.37 246.70 Td (controlled ) Tj ET Q q 0 0 0 rg BT 301.35 246.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 341.67 246.70 Td (that ) Tj ET Q q 0 0 0 rg BT 356.21 246.70 Td (are ) Tj ET Q q 0 0 0 rg BT 368.52 246.70 Td (100% ) Tj ET Q q 0 0 0 rg BT 389.73 246.70 Td (owned, ) Tj ET Q q 0 0 0 rg BT 415.61 246.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 442.59 246.70 Td (or ) Tj ET Q q 0 0 0 rg BT 451.80 246.70 Td (indirectly) Tj ET Q q 0 0 0 rg BT 481.93 246.70 Td (, ) Tj ET Q q 0 0 0 rg BT 486.48 246.70 Td (by ) Tj ET Q q 0 0 0 rg BT 496.84 246.70 Td (T) Tj ET Q q 0 0 0 rg BT 501.45 246.70 Td (ime ) Tj ET Q q 0 0 0 rg BT 515.81 246.70 Td (W) Tj ET Q q 0 0 0 rg BT 522.72 246.70 Td (arner ) Tj ET Q q 0 0 0 rg BT 541.69 246.70 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 558.45 246.70 Td (a ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 89.54 237.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.77 237.10 Td (has ) Tj ET Q q 0 0 0 rg BT 116.66 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.43 237.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 169.52 237.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.75 237.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.64 237.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 214.42 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.31 237.10 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 257.30 237.10 Td (with ) Tj ET Q q 0 0 0 rg BT 273.75 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.53 237.10 Td (value ) Tj ET Q q 0 0 0 rg BT 299.08 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.97 237.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 356.40 237.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 372.86 237.10 Td (61.5 ) Tj ET Q q 0 0 0 rg BT 389.08 237.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 416.26 237.10 Td (The ) Tj ET Q q 0 0 0 rg BT 430.92 237.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 464.69 237.10 Td (were ) Tj ET Q q 0 0 0 rg BT 482.46 237.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 506.91 237.10 Td (for ) Tj ET Q q 0 0 0 rg BT 518.46 237.10 Td (programming ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 227.50 Td (rights. ) Tj ET Q q 0 0 0 rg BT 72.41 227.50 Td (For ) Tj ET Q q 0 0 0 rg BT 85.70 227.50 Td (the ) Tj ET Q q 0 0 0 rg BT 97.66 227.50 Td (year ) Tj ET Q q 0 0 0 rg BT 113.61 227.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 134.89 227.50 Td (December ) Tj ET Q q 0 0 0 rg BT 169.94 227.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 182.12 227.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 202.30 227.50 Td (the ) Tj ET Q q 0 0 0 rg BT 214.26 227.50 Td (total ) Tj ET Q q 0 0 0 rg BT 230.66 227.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 248.40 227.50 Td (to ) Tj ET Q q 0 0 0 rg BT 256.80 227.50 Td (such ) Tj ET Q q 0 0 0 rg BT 273.65 227.50 Td (controlled ) Tj ET Q q 0 0 0 rg BT 308.26 227.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 348.22 227.50 Td (were ) Tj ET Q q 0 0 0 rg BT 365.95 227.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 414.33 227.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 430.74 227.50 Td (0.1 ) Tj ET Q q 0 0 0 rg BT 442.93 227.50 Td (million. ) Tj ET Q q 0 0 0 rg BT 469.74 227.50 Td (At ) Tj ET Q q 0 0 0 rg BT 479.92 227.50 Td (December ) Tj ET Q q 0 0 0 rg BT 514.97 227.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 527.16 227.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 547.34 227.50 Td (such ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 217.90 Td (controlled ) Tj ET Q q 0 0 0 rg BT 84.43 217.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 124.20 217.90 Td (had ) Tj ET Q q 0 0 0 rg BT 137.74 217.90 Td (an ) Tj ET Q q 0 0 0 rg BT 147.29 217.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 186.62 217.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 213.04 217.90 Td (due ) Tj ET Q q 0 0 0 rg BT 226.58 217.90 Td (to ) Tj ET Q q 0 0 0 rg BT 234.80 217.90 Td (us ) Tj ET Q q 0 0 0 rg BT 243.91 217.90 Td (of ) Tj ET Q q 0 0 0 rg BT 252.57 217.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 268.79 217.90 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 280.79 217.90 Td (million. ) Tj ET Q q 0 0 0 rg BT 307.45 217.90 Td (At ) Tj ET Q q 0 0 0 rg BT 317.45 217.90 Td (December ) Tj ET Q q 0 0 0 rg BT 352.31 217.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 364.31 217.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 384.30 217.90 Td (such ) Tj ET Q q 0 0 0 rg BT 400.96 217.90 Td (controlled ) Tj ET Q q 0 0 0 rg BT 435.39 217.90 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 475.16 217.90 Td (had ) Tj ET Q q 0 0 0 rg BT 488.70 217.90 Td (an ) Tj ET Q q 0 0 0 rg BT 498.25 217.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 537.58 217.90 Td (balance ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 208.30 Td (due ) Tj ET Q q 0 0 0 rg BT 63.55 208.30 Td (to ) Tj ET Q q 0 0 0 rg BT 71.77 208.30 Td (them ) Tj ET Q q 0 0 0 rg BT 89.77 208.30 Td (of ) Tj ET Q q 0 0 0 rg BT 98.43 208.30 Td (US$ ) Tj ET Q q 0 0 0 rg BT 114.66 208.30 Td (70.5 ) Tj ET Q q 0 0 0 rg BT 130.66 208.30 Td (million.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 189.70 Td (Adrian ) Tj ET Q q 0 0 0 rg BT 76.45 189.70 Td (Sarbu) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (For ) Tj ET Q q 0 0 0 rg BT 62.68 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.03 174.10 Td (year ) Tj ET Q q 0 0 0 rg BT 89.36 174.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 110.04 174.10 Td (December ) Tj ET Q q 0 0 0 rg BT 144.47 174.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 156.04 174.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 175.61 174.10 Td (we ) Tj ET Q q 0 0 0 rg BT 186.51 174.10 Td (made ) Tj ET Q q 0 0 0 rg BT 205.41 174.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 238.52 174.10 Td (from ) Tj ET Q q 0 0 0 rg BT 255.64 174.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 291.42 174.10 Td (related ) Tj ET Q q 0 0 0 rg BT 314.75 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.55 174.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.78 174.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 364.78 174.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.57 174.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 389.91 174.10 Td (. ) Tj ET Q q 0 0 0 rg BT 393.48 174.10 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 413.71 174.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.50 174.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.63 174.10 Td (value ) Tj ET Q q 0 0 0 rg BT 453.52 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.75 174.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 509.53 174.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 525.33 174.10 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 536.90 174.10 Td (million, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 58.19 164.50 Td (which ) Tj ET Q q 0 0 0 rg BT 79.26 164.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 88.60 164.50 Td (. ) Tj ET Q q 0 0 0 rg BT 92.12 164.50 Td (Sarbu) Tj ET Q q 0 0 0 rg BT 113.01 164.50 Td (s ) Tj ET Q q 0 0 0 rg BT 117.64 164.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 150.27 164.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 175.34 164.50 Td (represents ) Tj ET Q q 0 0 0 rg BT 209.29 164.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 257.02 164.50 Td (US$ ) Tj ET Q q 0 0 0 rg BT 272.77 164.50 Td (2.4 ) Tj ET Q q 0 0 0 rg BT 284.29 164.50 Td (million. ) Tj ET Q q 0 0 0 rg BT 310.82 164.50 Td (The ) Tj ET Q q 0 0 0 rg BT 324.78 164.50 Td (purchases ) Tj ET Q q 0 0 0 rg BT 357.85 164.50 Td (were ) Tj ET Q q 0 0 0 rg BT 374.91 164.50 Td (mainly ) Tj ET Q q 0 0 0 rg BT 398.66 164.50 Td (for ) Tj ET Q q 0 0 0 rg BT 409.51 164.50 Td (various ) Tj ET Q q 0 0 0 rg BT 434.58 164.50 Td (technical, ) Tj ET Q q 0 0 0 rg BT 466.98 164.50 Td (production ) Tj ET Q q 0 0 0 rg BT 503.16 164.50 Td (and ) Tj ET Q q 0 0 0 rg BT 516.23 164.50 Td (administrative ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 154.90 Td (related ) Tj ET Q q 0 0 0 rg BT 73.58 154.90 Td (services. ) Tj ET Q q 0 0 0 rg BT 103.17 154.90 Td (For ) Tj ET Q q 0 0 0 rg BT 116.10 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 127.69 154.90 Td (year ) Tj ET Q q 0 0 0 rg BT 143.28 154.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 164.20 154.90 Td (December ) Tj ET Q q 0 0 0 rg BT 198.88 154.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 210.70 154.90 Td (2013, ) Tj ET Q q 0 0 0 rg BT 230.52 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 242.12 154.90 Td (total ) Tj ET Q q 0 0 0 rg BT 258.15 154.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 275.52 154.90 Td (to ) Tj ET Q q 0 0 0 rg BT 283.57 154.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 319.60 154.90 Td (related ) Tj ET Q q 0 0 0 rg BT 343.18 154.90 Td (to ) Tj ET Q q 0 0 0 rg BT 351.22 154.90 Td (or ) Tj ET Q q 0 0 0 rg BT 359.70 154.90 Td (connected ) Tj ET Q q 0 0 0 rg BT 393.95 154.90 Td (with ) Tj ET Q q 0 0 0 rg BT 409.99 154.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 419.33 154.90 Td (. ) Tj ET Q q 0 0 0 rg BT 423.14 154.90 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 443.63 154.90 Td (were ) Tj ET Q q 0 0 0 rg BT 460.99 154.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 509.02 154.90 Td (US$ ) Tj ET Q q 0 0 0 rg BT 525.06 154.90 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 536.88 154.90 Td (million, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 145.30 Td (of ) Tj ET Q q 0 0 0 rg BT 58.59 145.30 Td (which ) Tj ET Q q 0 0 0 rg BT 80.06 145.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 89.40 145.30 Td (. ) Tj ET Q q 0 0 0 rg BT 93.32 145.30 Td (Sarbu) Tj ET Q q 0 0 0 rg BT 114.21 145.30 Td (s ) Tj ET Q q 0 0 0 rg BT 119.25 145.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 152.27 145.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 177.74 145.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 212.09 145.30 Td (approximately ) Tj ET Q q 0 0 0 rg BT 260.22 145.30 Td (US$1.0 ) Tj ET Q q 0 0 0 rg BT 286.37 145.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 312.99 145.30 Td (At ) Tj ET Q q 0 0 0 rg BT 322.91 145.30 Td (December ) Tj ET Q q 0 0 0 rg BT 357.70 145.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 369.62 145.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 389.55 145.30 Td (companies ) Tj ET Q q 0 0 0 rg BT 425.68 145.30 Td (related ) Tj ET Q q 0 0 0 rg BT 449.37 145.30 Td (to ) Tj ET Q q 0 0 0 rg BT 457.51 145.30 Td (or ) Tj ET Q q 0 0 0 rg BT 466.10 145.30 Td (connected ) Tj ET Q q 0 0 0 rg BT 500.45 145.30 Td (with ) Tj ET Q q 0 0 0 rg BT 516.60 145.30 Td (Mr) Tj ET Q q 0 0 0 rg BT 525.93 145.30 Td (. ) Tj ET Q q 0 0 0 rg BT 529.86 145.30 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 550.45 145.30 Td (had ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 135.70 Td (an ) Tj ET Q q 0 0 0 rg BT 60.18 135.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 100.15 135.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 127.21 135.70 Td (due ) Tj ET Q q 0 0 0 rg BT 141.39 135.70 Td (to ) Tj ET Q q 0 0 0 rg BT 150.25 135.70 Td (us ) Tj ET Q q 0 0 0 rg BT 160.00 135.70 Td (of ) Tj ET Q q 0 0 0 rg BT 169.30 135.70 Td (US$1.3 ) Tj ET Q q 0 0 0 rg BT 196.16 135.70 Td (million, ) Tj ET Q q 0 0 0 rg BT 223.90 135.70 Td (which ) Tj ET Q q 0 0 0 rg BT 246.09 135.70 Td (we ) Tj ET Q q 0 0 0 rg BT 258.05 135.70 Td (deducted ) Tj ET Q q 0 0 0 rg BT 289.56 135.70 Td (from ) Tj ET Q q 0 0 0 rg BT 307.74 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 320.15 135.70 Td (monies ) Tj ET Q q 0 0 0 rg BT 345.89 135.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 362.30 135.70 Td (by ) Tj ET Q q 0 0 0 rg BT 372.93 135.70 Td (us ) Tj ET Q q 0 0 0 rg BT 382.68 135.70 Td (to ) Tj ET Q q 0 0 0 rg BT 391.54 135.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 400.87 135.70 Td (. ) Tj ET Q q 0 0 0 rg BT 405.51 135.70 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 426.81 135.70 Td (under ) Tj ET Q q 0 0 0 rg BT 447.65 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 460.06 135.70 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 481.36 135.70 Td (Separation ) Tj ET Q q 0 0 0 rg BT 517.62 135.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 555.80 135.70 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (January2014. ) Tj ET Q q 0 0 0 rg BT 96.44 126.10 Td (At ) Tj ET Q q 0 0 0 rg BT 106.44 126.10 Td (December ) Tj ET Q q 0 0 0 rg BT 141.30 126.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 153.30 126.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 173.30 126.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 209.52 126.10 Td (related ) Tj ET Q q 0 0 0 rg BT 233.28 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.50 126.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.16 126.10 Td (connected ) Tj ET Q q 0 0 0 rg BT 284.59 126.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.81 126.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 310.15 126.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.15 126.10 Td (Sarbu ) Tj ET Q q 0 0 0 rg BT 334.81 126.10 Td (had ) Tj ET Q q 0 0 0 rg BT 348.36 126.10 Td (an ) Tj ET Q q 0 0 0 rg BT 357.91 126.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 397.25 126.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 423.67 126.10 Td (due ) Tj ET Q q 0 0 0 rg BT 437.22 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.45 126.10 Td (them ) Tj ET Q q 0 0 0 rg BT 463.44 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.11 126.10 Td (US$ ) Tj ET Q q 0 0 0 rg BT 488.33 126.10 Td (0.5 ) Tj ET Q q 0 0 0 rg BT 500.33 126.10 Td (million.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.80 33.00 Td (12) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 743.60 Td (Director ) Tj ET Q q 0 0 0 rg BT 79.55 743.60 Td (Independence) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 728.00 Td (The ) Tj ET Q q 0 0 0 rg BT 64.20 728.00 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 99.30 728.00 Td (Marketplace ) Tj ET Q q 0 0 0 rg BT 141.05 728.00 Td (Rules ) Tj ET Q q 0 0 0 rg BT 161.04 728.00 Td (require ) Tj ET Q q 0 0 0 rg BT 185.45 728.00 Td (that ) Tj ET Q q 0 0 0 rg BT 199.21 728.00 Td (a ) Tj ET Q q 0 0 0 rg BT 204.53 728.00 Td (majority ) Tj ET Q q 0 0 0 rg BT 233.40 728.00 Td (of ) Tj ET Q q 0 0 0 rg BT 241.83 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.37 728.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 283.13 728.00 Td (be ) Tj ET Q q 0 0 0 rg BT 292.44 728.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 336.86 728.00 Td (directors. ) Tj ET Q q 0 0 0 rg BT 372.16 728.00 Td (For ) Tj ET Q q 0 0 0 rg BT 385.04 728.00 Td (a ) Tj ET Q q 0 0 0 rg BT 390.36 728.00 Td (director ) Tj ET Q q 0 0 0 rg BT 417.00 728.00 Td (to ) Tj ET Q q 0 0 0 rg BT 424.98 728.00 Td (be ) Tj ET Q q 0 0 0 rg BT 434.30 728.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 470.72 728.00 Td (independent, ) Tj ET Q q 0 0 0 rg BT 513.58 728.00 Td (the ) Tj ET Q q 0 0 0 rg BT 525.12 728.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 546.44 728.00 Td (must ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 718.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 78.87 718.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 102.39 718.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 122.37 718.40 Td (or ) Tj ET Q q 0 0 0 rg BT 130.80 718.40 Td (indirect ) Tj ET Q q 0 0 0 rg BT 157.00 718.40 Td (material ) Tj ET Q q 0 0 0 rg BT 184.97 718.40 Td (relationships ) Tj ET Q q 0 0 0 rg BT 227.62 718.40 Td (with ) Tj ET Q q 0 0 0 rg BT 243.61 718.40 Td (us, ) Tj ET Q q 0 0 0 rg BT 254.49 718.40 Td (our ) Tj ET Q q 0 0 0 rg BT 266.92 718.40 Td (external ) Tj ET Q q 0 0 0 rg BT 294.45 718.40 Td (auditors ) Tj ET Q q 0 0 0 rg BT 321.98 718.40 Td (or ) Tj ET Q q 0 0 0 rg BT 330.41 718.40 Td (other ) Tj ET Q q 0 0 0 rg BT 348.62 718.40 Td (persons ) Tj ET Q q 0 0 0 rg BT 374.82 718.40 Td (doing ) Tj ET Q q 0 0 0 rg BT 394.81 718.40 Td (business ) Tj ET Q q 0 0 0 rg BT 423.69 718.40 Td (with ) Tj ET Q q 0 0 0 rg BT 439.68 718.40 Td (us ) Tj ET Q q 0 0 0 rg BT 448.56 718.40 Td (that ) Tj ET Q q 0 0 0 rg BT 462.32 718.40 Td (the ) Tj ET Q q 0 0 0 rg BT 473.86 718.40 Td (director ) Tj ET Q q 0 0 0 rg BT 500.50 718.40 Td (\(and ) Tj ET Q q 0 0 0 rg BT 516.48 718.40 Td (in ) Tj ET Q q 0 0 0 rg BT 524.47 718.40 Td (some ) Tj ET Q q 0 0 0 rg BT 543.12 718.40 Td (cases, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 708.80 Td (members ) Tj ET Q q 0 0 0 rg BT 81.48 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 90.29 708.80 Td (a ) Tj ET Q q 0 0 0 rg BT 96.00 708.80 Td (director) Tj ET Q q 0 0 0 rg BT 121.17 708.80 Td () Tj ET Q q 0 0 0 rg BT 123.39 708.80 Td (s ) Tj ET Q q 0 0 0 rg BT 128.66 708.80 Td (immediate ) Tj ET Q q 0 0 0 rg BT 164.57 708.80 Td (family\) ) Tj ET Q q 0 0 0 rg BT 190.27 708.80 Td (may ) Tj ET Q q 0 0 0 rg BT 206.20 708.80 Td (have, ) Tj ET Q q 0 0 0 rg BT 225.45 708.80 Td (or ) Tj ET Q q 0 0 0 rg BT 234.27 708.80 Td (in ) Tj ET Q q 0 0 0 rg BT 242.64 708.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.57 708.80 Td (past ) Tj ET Q q 0 0 0 rg BT 269.61 708.80 Td (three ) Tj ET Q q 0 0 0 rg BT 287.75 708.80 Td (years ) Tj ET Q q 0 0 0 rg BT 306.78 708.80 Td (has ) Tj ET Q q 0 0 0 rg BT 319.60 708.80 Td (had,. ) Tj ET Q q 0 0 0 rg BT 337.15 708.80 Td (The ) Tj ET Q q 0 0 0 rg BT 351.73 708.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 373.44 708.80 Td (has ) Tj ET Q q 0 0 0 rg BT 386.25 708.80 Td (af) Tj ET Q q 0 0 0 rg BT 392.32 708.80 Td (firmatively ) Tj ET Q q 0 0 0 rg BT 430.02 708.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 468.16 708.80 Td (that ) Tj ET Q q 0 0 0 rg BT 482.31 708.80 Td (eight ) Tj ET Q q 0 0 0 rg BT 500.45 708.80 Td (of ) Tj ET Q q 0 0 0 rg BT 509.27 708.80 Td (our ) Tj ET Q q 0 0 0 rg BT 522.09 708.80 Td (ten ) Tj ET Q q 0 0 0 rg BT 534.01 708.80 Td (directors ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 699.20 Td (have ) Tj ET Q q 0 0 0 rg BT 67.06 699.20 Td (no ) Tj ET Q q 0 0 0 rg BT 77.02 699.20 Td (material ) Tj ET Q q 0 0 0 rg BT 105.19 699.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 125.36 699.20 Td (or ) Tj ET Q q 0 0 0 rg BT 133.98 699.20 Td (indirect ) Tj ET Q q 0 0 0 rg BT 160.37 699.20 Td (relationship ) Tj ET Q q 0 0 0 rg BT 200.10 699.20 Td (with ) Tj ET Q q 0 0 0 rg BT 216.28 699.20 Td (us ) Tj ET Q q 0 0 0 rg BT 225.35 699.20 Td (and ) Tj ET Q q 0 0 0 rg BT 238.86 699.20 Td (qualify ) Tj ET Q q 0 0 0 rg BT 263.48 699.20 Td (as ) Tj ET Q q 0 0 0 rg BT 272.11 699.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 313.16 699.20 Td (directors ) Tj ET Q q 0 0 0 rg BT 343.11 699.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 372.62 699.20 Td (to ) Tj ET Q q 0 0 0 rg BT 380.80 699.20 Td (the ) Tj ET Q q 0 0 0 rg BT 392.53 699.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 424.70 699.20 Td (governance ) Tj ET Q q 0 0 0 rg BT 463.52 699.20 Td (standards ) Tj ET Q q 0 0 0 rg BT 495.70 699.20 Td (of ) Tj ET Q q 0 0 0 rg BT 504.32 699.20 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 539.61 699.20 Td (as ) Tj ET Q q 0 0 0 rg BT 548.24 699.20 Td (well ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 689.60 Td (as ) Tj ET Q q 0 0 0 rg BT 59.27 689.60 Td (an ) Tj ET Q q 0 0 0 rg BT 69.43 689.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 105.35 689.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.63 689.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 139.00 689.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 166.48 689.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.31 689.60 Td (each ) Tj ET Q q 0 0 0 rg BT 192.57 689.60 Td (director) Tj ET Q q 0 0 0 rg BT 217.00 689.60 Td (. ) Tj ET Q q 0 0 0 rg BT 221.42 689.60 Td (The ) Tj ET Q q 0 0 0 rg BT 236.46 689.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 278.17 689.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 308.76 689.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.13 689.60 Td (Charles ) Tj ET Q q 0 0 0 rg BT 348.18 689.60 Td (Frank, ) Tj ET Q q 0 0 0 rg BT 371.45 689.60 Td (Herbert ) Tj ET Q q 0 0 0 rg BT 398.48 689.60 Td (Granath, ) Tj ET Q q 0 0 0 rg BT 428.28 689.60 Td (Alfred ) Tj ET Q q 0 0 0 rg BT 451.77 689.60 Td (Langer) Tj ET Q q 0 0 0 rg BT 474.10 689.60 Td (, ) Tj ET Q q 0 0 0 rg BT 478.70 689.60 Td (Fred ) Tj ET Q q 0 0 0 rg BT 495.97 689.60 Td (Langhammer) Tj ET Q q 0 0 0 rg BT 538.30 689.60 Td (, ) Tj ET Q q 0 0 0 rg BT 542.91 689.60 Td (Bruce ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 680.00 Td (Maggin, ) Tj ET Q q 0 0 0 rg BT 78.89 680.00 Td (Parm ) Tj ET Q q 0 0 0 rg BT 97.77 680.00 Td (Sandhu, ) Tj ET Q q 0 0 0 rg BT 125.77 680.00 Td (Duco ) Tj ET Q q 0 0 0 rg BT 145.10 680.00 Td (Sickinghe ) Tj ET Q q 0 0 0 rg BT 179.10 680.00 Td (and ) Tj ET Q q 0 0 0 rg BT 192.65 680.00 Td (Kelli ) Tj ET Q q 0 0 0 rg BT 210.50 680.00 Td (T) Tj ET Q q 0 0 0 rg BT 215.11 680.00 Td (urner) Tj ET Q q 0 0 0 rg BT 231.54 680.00 Td (.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 664.40 Td (In ) Tj ET Q q 0 0 0 rg BT 58.64 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 70.39 664.40 Td (course ) Tj ET Q q 0 0 0 rg BT 93.25 664.40 Td (of ) Tj ET Q q 0 0 0 rg BT 101.89 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.64 664.40 Td (determination ) Tj ET Q q 0 0 0 rg BT 160.05 664.40 Td (by ) Tj ET Q q 0 0 0 rg BT 170.03 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 181.78 664.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 203.31 664.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 235.94 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 247.69 664.40 Td (independence ) Tj ET Q q 0 0 0 rg BT 293.64 664.40 Td (of ) Tj ET Q q 0 0 0 rg BT 302.28 664.40 Td (each ) Tj ET Q q 0 0 0 rg BT 318.91 664.40 Td (director) Tj ET Q q 0 0 0 rg BT 343.47 664.40 Td (, ) Tj ET Q q 0 0 0 rg BT 347.44 664.40 Td (it ) Tj ET Q q 0 0 0 rg BT 353.87 664.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 390.50 664.40 Td (the ) Tj ET Q q 0 0 0 rg BT 402.25 664.40 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 435.76 664.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 471.07 664.40 Td (of ) Tj ET Q q 0 0 0 rg BT 479.71 664.40 Td (such ) Tj ET Q q 0 0 0 rg BT 496.35 664.40 Td (director ) Tj ET Q q 0 0 0 rg BT 523.20 664.40 Td (or ) Tj ET Q q 0 0 0 rg BT 531.84 664.40 Td (his ) Tj ET Q q 0 0 0 rg BT 543.16 664.40 Td (or ) Tj ET Q q 0 0 0 rg BT 551.80 664.40 Td (her ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 654.80 Td (af) Tj ET Q q 0 0 0 rg BT 56.07 654.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 79.84 654.80 Td (in ) Tj ET Q q 0 0 0 rg BT 88.06 654.80 Td (the ) Tj ET Q q 0 0 0 rg BT 99.84 654.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.95 654.80 Td (as ) Tj ET Q q 0 0 0 rg BT 141.61 654.80 Td (well ) Tj ET Q q 0 0 0 rg BT 157.38 654.80 Td (as ) Tj ET Q q 0 0 0 rg BT 166.05 654.80 Td (any ) Tj ET Q q 0 0 0 rg BT 179.60 654.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 219.81 654.80 Td (or ) Tj ET Q q 0 0 0 rg BT 228.47 654.80 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 273.56 654.80 Td (that ) Tj ET Q q 0 0 0 rg BT 287.56 654.80 Td (each ) Tj ET Q q 0 0 0 rg BT 304.21 654.80 Td (director ) Tj ET Q q 0 0 0 rg BT 331.09 654.80 Td (has ) Tj ET Q q 0 0 0 rg BT 343.75 654.80 Td (with ) Tj ET Q q 0 0 0 rg BT 359.97 654.80 Td (us.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 636.20 Td (Independent ) Tj ET Q q 0 0 0 rg BT 91.54 636.20 Td (Dir) Tj ET Q q 0 0 0 rg BT 102.36 636.20 Td (ector ) Tj ET Q q 0 0 0 rg BT 120.79 636.20 Td (Meetings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 620.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 65.22 620.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 107.10 620.60 Td (directors ) Tj ET Q q 0 0 0 rg BT 137.87 620.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 156.20 620.60 Td (in ) Tj ET Q q 0 0 0 rg BT 165.20 620.60 Td (regularly ) Tj ET Q q 0 0 0 rg BT 196.85 620.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 231.62 620.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 265.05 620.60 Td (sessions. ) Tj ET Q q 0 0 0 rg BT 295.86 620.60 Td (The ) Tj ET Q q 0 0 0 rg BT 311.07 620.60 Td (non-executive ) Tj ET Q q 0 0 0 rg BT 358.97 620.60 Td (V) Tj ET Q q 0 0 0 rg BT 364.26 620.60 Td (ice ) Tj ET Q q 0 0 0 rg BT 376.37 620.60 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 410.70 620.60 Td (presides ) Tj ET Q q 0 0 0 rg BT 439.69 620.60 Td (over ) Tj ET Q q 0 0 0 rg BT 456.69 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.24 620.60 Td (meetings ) Tj ET Q q 0 0 0 rg BT 500.90 620.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.35 620.60 Td (the ) Tj ET Q q 0 0 0 rg BT 522.90 620.60 Td (independent ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 611.00 Td (directors. ) Tj ET Q q 0 0 0 rg BT 81.99 611.00 Td (During ) Tj ET Q q 0 0 0 rg BT 106.65 611.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 126.65 611.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.43 611.00 Td (independent ) Tj ET Q q 0 0 0 rg BT 179.52 611.00 Td (directors ) Tj ET Q q 0 0 0 rg BT 209.51 611.00 Td (held ) Tj ET Q q 0 0 0 rg BT 225.29 611.00 Td (six ) Tj ET Q q 0 0 0 rg BT 236.62 611.00 Td (such ) Tj ET Q q 0 0 0 rg BT 253.29 611.00 Td (meetings.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 589.40 Td (ITEM ) Tj ET Q q 0 0 0 rg BT 73.34 589.40 Td (14. ) Tj ET Q q 0 0 0 rg BT 95.00 589.40 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 127.74 589.40 Td (AL) Tj ET Q q 0 0 0 rg BT 138.41 589.40 Td ( ) Tj ET Q q 0 0 0 rg BT 139.97 589.40 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 179.82 589.40 Td (ANT) Tj ET Q q 0 0 0 rg BT 196.57 589.40 Td ( ) Tj ET Q q 0 0 0 rg BT 198.57 589.40 Td (FEES ) Tj ET Q q 0 0 0 rg BT 220.13 589.40 Td (AND ) Tj ET Q q 0 0 0 rg BT 239.46 589.40 Td (SER) Tj ET Q q 0 0 0 rg BT 254.75 589.40 Td (VICES) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 570.80 Td (Audit ) Tj ET Q q 0 0 0 rg BT 69.33 570.80 Td (Fee) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 555.20 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 78.13 555.20 Td (LLP) Tj ET Q q 0 0 0 rg BT 94.58 555.20 Td (s ) Tj ET Q q 0 0 0 rg BT 100.05 555.20 Td (audit ) Tj ET Q q 0 0 0 rg BT 118.41 555.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 133.65 555.20 Td (for ) Tj ET Q q 0 0 0 rg BT 145.34 555.20 Td (auditing ) Tj ET Q q 0 0 0 rg BT 173.92 555.20 Td (our ) Tj ET Q q 0 0 0 rg BT 186.94 555.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 210.63 555.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 253.42 555.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.77 555.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 319.90 555.20 Td (for ) Tj ET Q q 0 0 0 rg BT 331.59 555.20 Td (the ) Tj ET Q q 0 0 0 rg BT 343.72 555.20 Td (year ) Tj ET Q q 0 0 0 rg BT 359.85 555.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 381.31 555.20 Td (December ) Tj ET Q q 0 0 0 rg BT 416.54 555.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 428.90 555.20 Td (2013 ) Tj ET Q q 0 0 0 rg BT 447.27 555.20 Td (and ) Tj ET Q q 0 0 0 rg BT 461.18 555.20 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 495.53 555.20 Td (our ) Tj ET Q q 0 0 0 rg BT 508.55 555.20 Td (interim ) Tj ET Q q 0 0 0 rg BT 534.02 555.20 Td (financial ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 545.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 85.77 545.60 Td (included ) Tj ET Q q 0 0 0 rg BT 115.32 545.60 Td (in ) Tj ET Q q 0 0 0 rg BT 123.54 545.60 Td (our ) Tj ET Q q 0 0 0 rg BT 136.20 545.60 Td (filings ) Tj ET Q q 0 0 0 rg BT 158.65 545.60 Td (on ) Tj ET Q q 0 0 0 rg BT 168.65 545.60 Td (Forms ) Tj ET Q q 0 0 0 rg BT 191.10 545.60 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 209.54 545.60 Td (were ) Tj ET Q q 0 0 0 rg BT 227.08 545.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 243.31 545.60 Td (2,240,000 ) Tj ET Q q 0 0 0 rg BT 277.31 545.60 Td (\(2012: ) Tj ET Q q 0 0 0 rg BT 300.20 545.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 316.42 545.60 Td (2,255,000\).) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 527.00 Td (Audit-Related ) Tj ET Q q 0 0 0 rg BT 96.43 527.00 Td (Fees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 77.94 511.40 Td (LLP) Tj ET Q q 0 0 0 rg BT 94.39 511.40 Td (s ) Tj ET Q q 0 0 0 rg BT 99.67 511.40 Td (audit-related ) Tj ET Q q 0 0 0 rg BT 142.26 511.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 157.31 511.40 Td (for ) Tj ET Q q 0 0 0 rg BT 168.81 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.76 511.40 Td (year ) Tj ET Q q 0 0 0 rg BT 196.69 511.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 217.96 511.40 Td (December ) Tj ET Q q 0 0 0 rg BT 253.00 511.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 265.17 511.40 Td (2013 ) Tj ET Q q 0 0 0 rg BT 283.34 511.40 Td (were ) Tj ET Q q 0 0 0 rg BT 301.06 511.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 317.46 511.40 Td (559,000 ) Tj ET Q q 0 0 0 rg BT 345.63 511.40 Td (\(2012: ) Tj ET Q q 0 0 0 rg BT 368.68 511.40 Td (US$ ) Tj ET Q q 0 0 0 rg BT 385.08 511.40 Td (555,000\). ) Tj ET Q q 0 0 0 rg BT 417.44 511.40 Td (Audit-related ) Tj ET Q q 0 0 0 rg BT 462.26 511.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 477.31 511.40 Td (were ) Tj ET Q q 0 0 0 rg BT 495.02 511.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 526.96 511.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 555.78 511.40 Td (in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 501.80 Td (respect ) Tj ET Q q 0 0 0 rg BT 74.65 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 83.32 501.80 Td (of ) Tj ET Q q 0 0 0 rg BT 91.98 501.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 107.75 501.80 Td (and ) Tj ET Q q 0 0 0 rg BT 121.30 501.80 Td (equity ) Tj ET Q q 0 0 0 rg BT 143.30 501.80 Td (of) Tj ET Q q 0 0 0 rg BT 149.82 501.80 Td (ferings.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 483.20 Td (T) Tj ET Q q 0 0 0 rg BT 53.71 483.20 Td (ax ) Tj ET Q q 0 0 0 rg BT 63.27 483.20 Td (Fees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 467.60 Td (W) Tj ET Q q 0 0 0 rg BT 56.91 467.60 Td (e ) Tj ET Q q 0 0 0 rg BT 62.98 467.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 79.27 467.60 Td (no ) Tj ET Q q 0 0 0 rg BT 89.79 467.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.08 467.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 117.48 467.60 Td (to ) Tj ET Q q 0 0 0 rg BT 126.22 467.60 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 154.51 467.60 Td (LLP) Tj ET Q q 0 0 0 rg BT 168.43 467.60 Td ( ) Tj ET Q q 0 0 0 rg BT 170.95 467.60 Td (during ) Tj ET Q q 0 0 0 rg BT 194.36 467.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.65 467.60 Td (year ) Tj ET Q q 0 0 0 rg BT 222.93 467.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 244.55 467.60 Td (December ) Tj ET Q q 0 0 0 rg BT 279.94 467.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 292.46 467.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 312.80 467.60 Td (T) Tj ET Q q 0 0 0 rg BT 317.12 467.60 Td (ax ) Tj ET Q q 0 0 0 rg BT 327.19 467.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 342.59 467.60 Td (for ) Tj ET Q q 0 0 0 rg BT 354.44 467.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.73 467.60 Td (year ) Tj ET Q q 0 0 0 rg BT 383.01 467.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 404.63 467.60 Td (December ) Tj ET Q q 0 0 0 rg BT 440.02 467.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 452.54 467.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 471.06 467.60 Td (were ) Tj ET Q q 0 0 0 rg BT 489.12 467.60 Td (US$ ) Tj ET Q q 0 0 0 rg BT 505.86 467.60 Td (37,000, ) Tj ET Q q 0 0 0 rg BT 532.38 467.60 Td (and ) Tj ET Q q 0 0 0 rg BT 546.45 467.60 Td (were ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 458.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 81.77 458.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 110.42 458.00 Td (in ) Tj ET Q q 0 0 0 rg BT 118.64 458.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 155.74 458.00 Td (with ) Tj ET Q q 0 0 0 rg BT 171.96 458.00 Td (an ) Tj ET Q q 0 0 0 rg BT 181.52 458.00 Td (application ) Tj ET Q q 0 0 0 rg BT 219.06 458.00 Td (for ) Tj ET Q q 0 0 0 rg BT 230.39 458.00 Td (a ) Tj ET Q q 0 0 0 rg BT 235.94 458.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 254.38 458.00 Td (for ) Tj ET Q q 0 0 0 rg BT 265.70 458.00 Td (research ) Tj ET Q q 0 0 0 rg BT 294.35 458.00 Td (and ) Tj ET Q q 0 0 0 rg BT 307.90 458.00 Td (development ) Tj ET Q q 0 0 0 rg BT 351.22 458.00 Td (subsidies.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 439.40 Td (All ) Tj ET Q q 0 0 0 rg BT 61.33 439.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 82.00 439.40 Td (Fees) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 423.80 Td (There ) Tj ET Q q 0 0 0 rg BT 70.65 423.80 Td (were ) Tj ET Q q 0 0 0 rg BT 88.20 423.80 Td (no ) Tj ET Q q 0 0 0 rg BT 98.20 423.80 Td (other ) Tj ET Q q 0 0 0 rg BT 116.63 423.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 131.51 423.80 Td (paid ) Tj ET Q q 0 0 0 rg BT 147.29 423.80 Td (to ) Tj ET Q q 0 0 0 rg BT 155.51 423.80 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 183.28 423.80 Td (LLP) Tj ET Q q 0 0 0 rg BT 197.20 423.80 Td ( ) Tj ET Q q 0 0 0 rg BT 199.20 423.80 Td (for ) Tj ET Q q 0 0 0 rg BT 210.53 423.80 Td (the ) Tj ET Q q 0 0 0 rg BT 222.30 423.80 Td (year ) Tj ET Q q 0 0 0 rg BT 238.07 423.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 259.17 423.80 Td (December ) Tj ET Q q 0 0 0 rg BT 294.04 423.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 306.04 423.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 324.04 423.80 Td (or ) Tj ET Q q 0 0 0 rg BT 332.70 423.80 Td (the ) Tj ET Q q 0 0 0 rg BT 344.48 423.80 Td (year ) Tj ET Q q 0 0 0 rg BT 360.24 423.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 381.34 423.80 Td (December ) Tj ET Q q 0 0 0 rg BT 416.21 423.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 428.21 423.80 Td (2012.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 50.00 405.20 Td (Policy ) Tj ET Q q 0 0 0 rg BT 72.43 405.20 Td (on ) Tj ET Q q 0 0 0 rg BT 82.43 405.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 90.14 405.20 Td (e-Appr) Tj ET Q q 0 0 0 rg BT 112.05 405.20 Td (oval ) Tj ET Q q 0 0 0 rg BT 127.83 405.20 Td (of ) Tj ET Q q 0 0 0 rg BT 136.05 405.20 Td (Services ) Tj ET Q q 0 0 0 rg BT 164.70 405.20 Td (Pr) Tj ET Q q 0 0 0 rg BT 172.41 405.20 Td (ovided ) Tj ET Q q 0 0 0 rg BT 195.73 405.20 Td (by ) Tj ET Q q 0 0 0 rg BT 205.28 405.20 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 233.05 405.20 Td (LLP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 389.60 Td (The ) Tj ET Q q 0 0 0 rg BT 64.00 389.60 Td (Audit Committee of the Board of Directors has considered whether the provision of the services in respect of ) Tj ET Q q 0 0 0 rg BT 414.57 389.60 Td (Audit-Related Fees, ) Tj ET Q q 0 0 0 rg BT 480.41 389.60 Td (T) Tj ET Q q 0 0 0 rg BT 484.73 389.60 Td (ax Fees and ) Tj ET Q q 0 0 0 rg BT 524.06 389.60 Td (All Other ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 380.00 Td (Fees is compatible with maintaining Deloitte LLP) Tj ET Q q 0 0 0 rg BT 212.20 380.00 Td (s independence prior to the incurrence of such Fees in accordance with the Charter of the ) Tj ET Q q 0 0 0 rg BT 498.75 380.00 Td (Audit Committee. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 370.40 Td (All engagements of the auditors are approved in advance by the ) Tj ET Q q 0 0 0 rg BT 255.48 370.40 Td (Audit Committee. ) Tj ET Q q 0 0 0 rg BT 314.82 370.40 Td (At the beginning of the fiscal year) Tj ET Q q 0 0 0 rg BT 423.79 370.40 Td (, management presents for approval by the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 360.80 Td (Audit Committee a range of services to be provided by the auditors and estimated fees for such services for the current year) Tj ET Q q 0 0 0 rg BT 445.20 360.80 Td (. ) Tj ET Q q 0 0 0 rg BT 448.76 360.80 Td (Any services to be provided by the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 351.20 Td (auditors that are not included within such range of services are approved on a case-by-case basis by the ) Tj ET Q q 0 0 0 rg BT 381.88 351.20 Td (Audit Committee. Management provides reports to the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 341.60 Td (Audit Committee on at least a quarterly basis on the status of the services provided and the level of fees incurred in respect of each service. ) Tj ET Q q 0 0 0 rg BT 497.04 341.60 Td (W) Tj ET Q q 0 0 0 rg BT 503.95 341.60 Td (e did not approve ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 332.00 Td (the incurrence of any fees pursuant to the exceptions to the pre-approval requirements set forth in 17 CFR 210.2-01\(c\)\(7\)\(i\)\(C\).) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 300.80 Td (P) Tj ET Q q 0 0 0 rg BT 54.29 300.80 Td (AR) Tj ET Q q 0 0 0 rg BT 65.57 300.80 Td (T) Tj ET Q q 0 0 0 rg BT 70.76 300.80 Td ( IV) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 279.20 Td (ITEM 15. ) Tj ET Q q 0 0 0 rg BT 95.00 279.20 Td (EXHIBITS ) Tj ET Q q 0 0 0 rg BT 135.24 279.20 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 199.47 279.20 Td ( ST) Tj ET Q q 0 0 0 rg BT 210.66 279.20 Td (A) Tj ET Q q 0 0 0 rg BT 215.84 279.20 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 250.37 279.20 Td ( SCHEDULES) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 263.60 Td (\(a\)\(1\) ) Tj ET Q q 0 0 0 rg BT 70.06 263.60 Td (The following financial statements of Central European Media Enterprises Ltd. are included in Part II, Item 8 of this Report:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 251.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 251.60 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 218.19 251.60 Td (Accounting Firm;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 239.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 239.60 Td (Consolidated Balance Sheets as of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.20 239.60 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.06 239.60 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.61 239.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.61 239.60 Td (;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 227.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 227.60 Td (Consolidated Statements of Operations and Comprehensive Income for the years ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.92 227.60 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.79 227.60 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.79 227.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.79 227.60 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.34 227.60 Td (201) Tj ET Q q 0 0 0 rg BT 478.04 227.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.04 227.60 Td (;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 215.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 215.60 Td (Consolidated Statements of Equity for the years ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.40 215.60 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.27 215.60 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.27 215.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.27 215.60 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.82 215.60 Td (201) Tj ET Q q 0 0 0 rg BT 372.52 215.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.52 215.60 Td (;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 203.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 203.60 Td (Consolidated Statements of Cash Flows for the years ended ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.63 203.60 Td (December31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.50 203.60 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.50 203.60 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 203.60 Td ( and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.05 203.60 Td (201) Tj ET Q q 0 0 0 rg BT 388.75 203.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.75 203.60 Td (; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 191.60 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 191.60 Td (Notes to Consolidated Financial Statements.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 176.00 Td (\(a\)\(2\) Financial Statement Schedule \(included at page S-1 of this ) Tj ET Q q 0 0 0 rg BT 259.27 176.00 Td (Annual Report on Form 10-K\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 160.40 Td (\(a\)\(3\) ) Tj ET Q q 0 0 0 rg BT 70.06 160.40 Td (The following exhibits are included in this report:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 50.00 138.80 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 84.09 138.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.09 138.80 Td (INDEX) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 107.30 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 107.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 107.30 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 71.30 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 71.30 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 71.30 458.00 -21.00 re f /GS0 gs BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 118.48671874999991 m 76.5546875 118.48671874999991 l s q 0 0 0 rg BT 53.00 119.55 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 110.48671874999991 m 79.21484375 110.48671874999991 l s q 0 0 0 rg BT 53.00 111.55 Td (Number) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107 110.48671874999991 m 144.32421875 110.48671874999991 l s q 0 0 0 rg BT 107.00 111.55 Td (Description) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 99.25 Td (3.01*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 99.25 Td (Memorandum of Association \(incorporated by reference to Exhibit 3.01 to the Company's Registration Statement No. 3380344 on Form S-1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 91.25 Td (filed June 17, 1994\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 63.25 Td (3.02*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 63.25 Td (Memorandum of Increase of Share Capital \(incorporated by reference Exhibit 3.03 to Amendment No. 1 to the Company's Registration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 55.25 Td (Statement No. 33-80344 on Form S-1, filed August 19, 1994\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.80 33.00 Td (13) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 738.68671875 m 76.5546875 738.68671875 l s q 0 0 0 rg BT 53.00 739.75 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 730.68671875 m 79.21484375 730.68671875 l s q 0 0 0 rg BT 53.00 731.75 Td (Number) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107 730.68671875 m 144.32421875 730.68671875 l s q 0 0 0 rg BT 107.00 731.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 712.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 712.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 712.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 676.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 676.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 676.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 640.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 640.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 598.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 598.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 598.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 562.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 562.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 562.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 526.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 526.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.50 50.00 -53.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 490.50 4.00 -53.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 490.50 458.00 -53.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 422.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 422.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 422.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 386.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 386.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 342.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 342.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 342.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.50 50.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 306.50 4.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 306.50 458.00 -45.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.50 50.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 246.50 4.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 246.50 458.00 -37.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 194.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 194.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 158.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 158.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 158.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 114.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 114.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 114.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 78.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 78.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 78.50 458.00 -21.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 704.45 Td (3.03*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 704.45 Td (Memorandum of Reduction of Share Capital \(incorporated by reference to Exhibit 3.04 to Amendment No. 2 to the Company's Registration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 696.45 Td (Statement No. 33-80344 on Form S-1, filed September 14, 1994\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 668.45 Td (3.04*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 668.45 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on May 20, 1997 \(incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 660.45 Td (by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 1997\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 632.45 Td (3.05*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 632.45 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on July 11, 2012 \(incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 624.45 Td (by reference to Exhibit 3.05 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 590.45 Td (3.06*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 590.45 Td (Certificate of Deposit of Memorandum of Increase of Share Capital executed by the Registrar of Companies on July 3, 2013 \(incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 582.45 Td (by reference to Exhibit 3.02 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 554.45 Td (3.07*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 554.45 Td (Bye-Laws of Central European Media Enterprises Ltd., as amended and restated on June 12, 2013 \(incorporated by reference to Exhibit 3.01) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 546.45 Td (to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 518.45 Td (4.01*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 518.45 Td (Specimen Class A Common Stock Certificate \(incorporated by reference to Exhibit 4.01 to Amendment No. 1 to the Company's Registration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 510.45 Td (Statement No. 33-80344 on Form S-1, filed August 19, 1994\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 482.45 Td (4.02*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 482.45 Td (Indenture among Central European Media Enterprises Ltd. as Issuer, Central European Enterprises N.V. and CME Media Enterprises B.V. as) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 474.45 Td (Subsidiary Guarantors, The Bank of New York, acting through its London Branch, as Trustee, The Bank of New York, acting through its) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 466.45 Td (London Branch, as Principle Paying Agent and Transfer Agent, The Law Debenture Trust Corporation p.l.c as Security Trustee and The) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 458.45 Td (Bank of New York \(Luxembourg\) S.A. as Registrar, Luxembourg Transfer Agent and Luxembourg Paying Agent, dated September 17, 2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 450.45 Td (\(incorporated by reference to Exhibit 4.1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 442.45 Td (2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 414.45 Td (4.03*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 414.45 Td (Warrant to Purchase Common Stock issued to Metrodome B.V. \(formerly known as Media Pro B.V.\), dated December 9, 2009 \(incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 406.45 Td (by reference to Exhibit 4.07 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 378.45 Td (4.04*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 378.45 Td (Warrant to Purchase Common Stock issued to Alerria Management Company S.A. \(formerly known as Media Pro Management S.A.\), dated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 370.45 Td (December 9, 2009 \(incorporated by reference to Exhibit 4.08 to the Company's Annual Report on Form 10-K for the fiscal year ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 362.45 Td (December 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 334.45 Td (4.05*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 334.45 Td (Registration Rights Agreement between the Company and Time Warner Holdings B.V., dated May 18, 2009 \(incorporated by reference to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 326.45 Td (Exhibit 4.11 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 298.45 Td (4.06*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 298.45 Td (Indenture among CET 21 spol. s r.o. as Issuer, Central European Media Enterprises Ltd., Central European Media Enterprises N.V., CME) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 290.45 Td (Media Enterprises B.V., CME Slovak Holdings B.V., CME Investments B.V. and MARKZA-SLOVAKIA, spol. s r.o. as Guarantors,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 282.45 Td (Citibank, N.A., London Branch, as Trustee, Citibank, N.A., London Branch, as Paying Agent and Transfer Agent and Citigroup Global) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 274.45 Td (Markets Deutschland AG as Registrar, dated October 21, 2010 \(incorporated by reference to Exhibit 4.10 to the Companys Annual Report) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 266.45 Td (on Form 10-K for the year ended December 31, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 238.45 Td (4.07*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 238.45 Td (Indenture among Central European Media Enterprises Ltd. as issuer, Central European Media Enterprises N.V. and CME Media Enterprises) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 230.45 Td (B.V. as guarantors, and Deutsche Bank Trust Company Americas as trustee, security agent, paying agent, conversion agent, transfer agent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 222.45 Td (and registrar, dated February 18, 2011 \(incorporated by reference to Exhibit 4.1 to the Company's Quarterly Report on Form 10-Q for the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 214.45 Td (quarterly period ended March 31, 2011\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 186.45 Td (4.08*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 186.45 Td (Registration Rights Agreement, by and among Ronald S. Lauder, RSL Capital LLC and Central European Media Enterprises Ltd., dated as) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 178.45 Td (of April 30, 2012 \(incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on April 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 150.45 Td (4.09*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 150.45 Td (Supplemental Indenture among Central European Media Enterprises Ltd., Central European Media Enterprises N.V., CME Media) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 142.45 Td (Enterprises B.V. and The Bank of New York Mellon, dated May 29, 2012 \(incorporated by reference to Exhibit 4.1 to the Company's Current) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 134.45 Td (Report on Form 8-K filed on June 1, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 106.45 Td (4.10*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 106.45 Td (Certificate of Designation of the Series A Convertible Preferred Stock of Central European Media Enterprises Ltd., dated July 2, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 98.45 Td (\(incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on July 3, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 70.45 Td (4.11*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 70.45 Td (Certificate of Designation of the Series B Convertible Redeemable Preferred Stock of Central European Media Enterprises Ltd., issued on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 62.45 Td (June 25, 2013 \(incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed on June 25, 2013\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.80 33.00 Td (14) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 738.68671875 m 76.5546875 738.68671875 l s q 0 0 0 rg BT 53.00 739.75 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 730.68671875 m 79.21484375 730.68671875 l s q 0 0 0 rg BT 53.00 731.75 Td (Number) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107 730.68671875 m 144.32421875 730.68671875 l s q 0 0 0 rg BT 107.00 731.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 712.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 712.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 712.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 676.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 676.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 676.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 640.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 640.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 640.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 595.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 595.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 595.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 550.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 550.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 505.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 505.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 505.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 460.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 460.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 416.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 416.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 416.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 372.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 372.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 372.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 328.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 328.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 328.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 292.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 292.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 292.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 256.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 256.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 256.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 212.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 212.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 212.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 176.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 176.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 176.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 132.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 132.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 132.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 88.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 88.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 88.50 458.00 -21.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 704.45 Td (10.01*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 704.45 Td (Employee Stock Option Form \(incorporated by reference to the Company's Quarterly Report on Form 10-Q for the quarterly period ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 696.45 Td (September 30, 2004\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 668.45 Td (10.02*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 668.45 Td (Subscription Agreement, by and between Central European Media Enterprises Ltd. and TW Media Holdings LLC, dated March 22, 2009) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 660.45 Td (\(incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 632.45 Td (10.03*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 632.45 Td (Indemnity Agreement, by and among Central European Media Enterprises Ltd., Ronald S. Lauder and RSL Savannah LLC, dated as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 624.45 Td (March 22, 2009 \(incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 616.45 Td (March 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 587.45 Td (10.04*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 587.45 Td (Framework Agreement among CME Production B.V., CME Romania B.V., Media Pro Management S.A., Media Pro B.V. and Adrian Sarbu,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 579.45 Td (dated July 27, 2009 \(incorporated by reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q for the quarterly period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 571.45 Td (ended September 30, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 542.45 Td (10.05*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 542.45 Td (Pledge Agreement among Central European Media Enterprises Ltd., Central European Media Enterprises N.V., The Bank of New York) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 534.45 Td (Mellon, acting through its London Branch and The Law Debenture Trust Corporation p.l.c., dated September 17, 2009 \(incorporated by) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 526.45 Td (reference to Exhibit 10.13 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 497.45 Td (10.06*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 497.45 Td (Deed of Pledge of Shares among Central European Media Enterprises N.V., CME Media Enterprises B.V., The Bank of New York Mellon,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 489.45 Td (acting through its London Branch and The Law Debenture Trust Corporation p.l.c., dated September 17, 2009 \(incorporated by reference to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 481.45 Td (Exhibit 10.14 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 452.45 Td (10.07*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 452.45 Td (Amendment to the Framework Agreement among CME Production B.V., CME Romania B.V., Media Pro Management S.A., Media Pro B.V.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 444.45 Td (and Adrian Sarbu, dated December 9, 2009 \(incorporated by reference to Exhibit 10.66 to the Company's Annual Report on Form 10-K for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 436.45 Td (the fiscal year ended December 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 408.45 Td (10.08*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 408.45 Td (Share Purchase Agreement among Central European Media Enterprises Ltd., CME Cyprus Holding II Limited, Igor Kolomoisky and Harley) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 400.45 Td (Trading Limited, dated January 20, 2010 \(incorporated by reference to Exhibit 10.68 to the Company's Annual Report on Form 10-K for the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 392.45 Td (fiscal year ended December 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 364.45 Td (10.09*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 364.45 Td (Investor Rights Agreement among the Company, Ronald S. Lauder, RSL Savannah LLC, RSL Investment LLC, RSL Investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 356.45 Td (Corporation and Time Warner Media Holdings B.V., dated May 18, 2009 \(incorporated by reference to Exhibit 10.71 to the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 348.45 Td (Annual Report on Form 10-K for the fiscal year ended December 31, 2009\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 320.45 Td (10.10*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 320.45 Td (Contract of Employment between CME Media Services Limited and David Sach, dated February 26, 2010 \(incorporated by reference to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 312.45 Td (Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 284.45 Td (10.11*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 284.45 Td (Investment Agreement between CME Media Enterprises B.V, and Top Tone Media Holdings Limited, dated April 22, 2010 \(incorporated by) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 276.45 Td (reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 248.45 Td (10.12*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 248.45 Td (Deed of Termination and Release between CME Media Enterprises B.V., Top Tone Media Holdings Limited and Krassimir Guergov, dated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 240.45 Td (April 22, 2010 \(incorporated by reference to Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 232.45 Td (March 31, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 204.45 Td (10.13*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 204.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and Dave Sturgeon, dated July 27, 2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 196.45 Td (\(incorporated by reference to Exhibit 10.9 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 168.45 Td (10.14*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 168.45 Td (Pledge Agreement among the Company, Central European Media Enterprises N.V. and BNP Paribas Trust Corporation UK Limited, dated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 160.45 Td (October 21, 2010 \(incorporated by reference to Exhibit 10.41 to the Company's Annual Report on Form 10-K for the fiscal period ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 152.45 Td (December 31, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 124.45 Td (10.15*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 124.45 Td (Deed of Pledge of Shares among Central European Media Enterprises N.V., CME Media Enterprises B.V. and BNP Paribas Trust) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 116.45 Td (Corporation UK Limited, dated October 21, 2010 \(incorporated by reference to Exhibit 10.42 to the Company's Annual Report on Form 10-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 108.45 Td (K for the fiscal period ended December 31, 2010\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 80.45 Td (10.16*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 80.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and Anthony Chhoy, dated December 1, 2010) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 72.45 Td (\(incorporated by reference to Exhibit 10.45 to the Company's Annual Report on Form 10-K for the fiscal period ended December 31, 2010\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.80 33.00 Td (15) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 738.68671875 m 76.5546875 738.68671875 l s q 0 0 0 rg BT 53.00 739.75 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 730.68671875 m 79.21484375 730.68671875 l s q 0 0 0 rg BT 53.00 731.75 Td (Number) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107 730.68671875 m 144.32421875 730.68671875 l s q 0 0 0 rg BT 107.00 731.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 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569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 569.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 533.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 533.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 533.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 489.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 489.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 453.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 453.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 453.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 409.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 409.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 409.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 373.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 373.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 337.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 337.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 301.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 301.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 301.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 265.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 265.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 265.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 221.50 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 221.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 221.50 458.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 177.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 177.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 177.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 141.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 141.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 141.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 105.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 105.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 105.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 69.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 69.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 69.50 458.00 -21.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 719.45 Td (10.17*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 719.45 Td (Pledge Agreement among Central European Media Enterprises Ltd., Central European Media Enterprises N.V. and Deutsche Bank Trust) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 711.45 Td (Company Americas, dated February 18, 2011 \(incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 703.45 Td (for the quarterly period ended March 31, 2011\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 675.45 Td (10.18*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 675.45 Td (Deed of Pledge of Shares among Central European Media Enterprises N.V., CME Media Enterprises B.V. and Deutsche Bank Trust) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 667.45 Td (Company Americas, dated February 18, 2011 \(incorporated by reference to Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 659.45 Td (for the quarterly period ended March 31, 2011\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 631.45 Td (10.19*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 631.45 Td (Contract of Employment between CME Media Services Limited and Daniel Penn, dated February 20, 2012 \(incorporated by reference to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 623.45 Td (Exhibit 10.47 to the Company's Annual Report on Form 10-K for the fiscal period ended December 31, 2011\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 610.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.00 610.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 610.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 597.45 Td (10.20*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 597.45 Td (Term Loan Facilities Credit Agreement, by and between Time Warner Inc. and the Company, dated as of April 30, 2012 \(incorporated by) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 589.45 Td (reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 561.45 Td (10.21*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 561.45 Td (Subscription and Equity Commitment Agreement, by and between Time Warner Media Holdings B.V. and the Company, dated as of April) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 553.45 Td (30, 2012 \(incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K filed on April 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 525.45 Td (10.22*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 525.45 Td (Letter Agreement, by and among Time Warner Media Holdings B.V., the Company, RSL Savannah LLC, RSL Capital LLC, RSL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 517.45 Td (Investments Corporation and Ronald S. Lauder, dated as of April 30, 2012 \(incorporated by reference to Exhibit 10.3 to the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 509.45 Td (Current Report on Form 8-K filed on April 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 481.45 Td (10.23*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 481.45 Td (Subscription Agreement, by and among Ronald S. Lauder, RSL Capital LLC and the Company, dated as of April 30, 2012 \(incorporated by) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 473.45 Td (reference to Exhibit 10.4 to the Company's Current Report on Form 8-K filed on April 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 445.45 Td (10.24*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 445.45 Td (First Amendment to the Investor Rights Agreement, by and among the Company, Ronald S. Lauder, RSL Savannah LLC, RSL Capital LLC,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 437.45 Td (RSL Investments Corporation and Time Warner Media Holdings B.V., dated as of April 30, 2012 \(incorporated by reference to Exhibit 10.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 429.45 Td (to the Company's Current Report on Form 8-K filed on April 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 401.45 Td (10.25*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 401.45 Td (Form of Restricted Stock Unit Award Agreement \(incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 393.45 Td (filed on June 13, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 365.45 Td (10.26*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 365.45 Td (Central European Media Enterprises Ltd. Amended and Restated Stock Incentive Plan, as amended on June 13, 2012 \(incorporated by) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 357.45 Td (reference to Exhibit 10.7 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2012\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 329.45 Td (10.27*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 329.45 Td (Amended and Restated Contract of Employment between CME Media Services Limited and Adrian Sarbu, dated April 4, 2013 \(incorporated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 321.45 Td (by reference to Exhibit 10.01 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 293.45 Td (10.28*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 293.45 Td (Subscription Agreement, dated as of April 29, 2013, by and between Central European Media Enterprises Ltd. and Time Warner Media) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 285.45 Td (Holdings B.V. \(incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 29, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 257.45 Td (10.29*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 257.45 Td (Letter Agreement, dated as of April 29, 2013, by and between RSL Savannah LLC, RSL Capital LLC, RSL Investments Corporation, Ronald) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 249.45 Td (S. Lauder and Time Warner Media Holdings B.V. \(incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 241.45 Td (filed on April 29, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 213.45 Td (10.30*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 213.45 Td (Underwriting Agreement, dated as of May 2, 2013, by and between between Central European Media Enterprises Ltd. and J.P.Morgan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 205.45 Td (Securities LLC, as representative of the several underwriters named therein \(incorporated by reference to Exhibit 1.1 to the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 197.45 Td (Current Report on Form 8-K filed on May 8, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 169.45 Td (10.31*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 169.45 Td (Separation Agreement between CME Media Services Limited and Adrian Sarbu, dated August 21, 2013 \(incorporated by reference to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 161.45 Td (Exhibit 10.1 to the Company's Current Report in Form 8-K filed on August 21, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 133.45 Td (10.32*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 133.45 Td (Separation Agreement between CME Media Services Limited and David Sach, dated October 14, 2013 \(incorporated by reference to Exhibit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 125.45 Td (10.1 to the Company's Current Report in Form 8-K filed on October 17, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 97.45 Td (10.33*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 97.45 Td (Separation Agreement between CME Media Services Limited and Anthony Chhoy, dated October 17, 2013 \(incorporated by reference to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 89.45 Td (Exhibit 10.2 to the Company's Current Report in Form 8-K filed on October 17, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 61.45 Td (10.34*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 61.45 Td (Contract of Employment between CME Media Services Limited and Michael Del Nin, dated November 11, 2013 \(incorporated by reference) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 53.45 Td (to Exhibit 10.1 to the Company's Current Report in Form 8-K filed on November 15, 2013\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 70.49169921875 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (Index) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.10 33.00 Td (1) Tj ET Q q 0 0 0 rg BT 303.80 33.00 Td (16) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 737.68671875 m 76.5546875 737.68671875 l s q 0 0 0 rg BT 53.00 738.75 Td (Exhibit) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 729.68671875 m 79.21484375 729.68671875 l s q 0 0 0 rg BT 53.00 730.75 Td (Number) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 107 729.68671875 m 144.32421875 729.68671875 l s q 0 0 0 rg BT 107.00 730.75 Td (Description) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 711.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 711.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 711.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 675.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 675.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 675.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 647.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 647.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 619.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 619.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 593.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 593.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 559.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 559.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 523.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 523.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 487.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 487.50 458.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 451.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 425.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 425.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 397.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 397.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 371.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 371.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 343.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 343.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 343.50 458.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 100.50 317.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 104.50 317.50 458.00 -13.00 re f /GS0 gs BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 703.45 Td (10.35*+) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 703.45 Td (Contract of Employment between CME Media Services Limited and Christoph Mainusch, dated November 11, 2013 \(incorporated by) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 695.45 Td (reference to Exhibit 10.02 to the Company's Current Report in Form 8-K filed on November 15, 2013\).) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 667.45 Td (21.01) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 667.45 Td (List of subsidiaries.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 639.45 Td (23.01) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 639.45 Td (Consent of Deloitte LLP.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 611.45 Td (24.01) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 611.45 Td (Power of Attorney, dated as of February 28, 2014.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 598.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.00 598.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 598.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 585.45 Td (31.01) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.00 585.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 585.45 Td (Certification of co-Principal Executive Officer pursuant to Exchange Act Rules 13a-14\(a\) and 15d-14\(a\), as adopted pursuant to Section 302) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 577.45 Td (of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 564.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.00 564.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 564.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 551.45 Td (31.02) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.00 551.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 551.45 Td (Certification of co-Principal Executive Officer pursuant to Exchange Act Rules 13a-14\(a\) and 15d-14\(a\), as adopted pursuant to Section 302) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 543.45 Td (of the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 515.45 Td (31.03) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 515.45 Td (Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14\(a\) and 15d-14\(a\), as adopted pursuant to Section 302 of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 507.45 Td (the Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 479.45 Td (32.01) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 103.00 479.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 479.45 Td (Certifications of co-Principal Executive Officers and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 107.00 471.45 Td (Section 906 of the Sarbanes-Oxley Act of 2002 \(furnished only\).) 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8.00 Tf ET q 0 0 0 rg BT 389.65 661.53 Td (Bad debt and credit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.20 653.53 Td (note provision) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.00 653.53 Td (Deferred tax allowance) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 638.53 Td (BALANCE December 31, 2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.00 638.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.30 638.53 Td (13,205) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 638.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 638.53 Td (90,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 623.55 Td (Charged to costs and expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 623.55 Td (3,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 623.55 Td (2,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 608.55 Td (Char) Tj ET Q q 0 0 0 rg BT 67.41 608.55 Td (ged to other accounts ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 137.61 612.18 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 608.55 Td (\(2,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 608.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 608.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 593.55 Td (Foreign exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 593.55 Td (\(750) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 593.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.60 593.55 Td (\(452) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 593.55 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 578.53 Td (BALANCE December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.30 578.53 Td (13,610) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 536.30 578.53 Td (92,738) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 563.55 Td (Charged to costs and expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 563.55 Td (3,802) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 563.55 Td (16,049) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 548.55 Td (Char) Tj ET Q q 0 0 0 rg BT 67.41 548.55 Td (ged to other accounts) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 135.61 552.18 Td ( \(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.60 548.55 Td (\(938) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 548.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 548.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 533.55 Td (Foreign exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.30 533.55 Td (445) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 533.55 Td (184) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 518.53 Td (BALANCE December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.30 518.53 Td (16,919) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 518.53 Td (108,971) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 503.55 Td (Charged to costs and expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.30 503.55 Td (4,090) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.30 503.55 Td (25,447) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 488.55 Td (Char) Tj ET Q q 0 0 0 rg BT 67.41 488.55 Td (ged to other accounts ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 137.61 492.18 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 488.55 Td (\(2,634) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 488.55 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 550.30 488.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 473.55 Td (Foreign exchange) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.30 473.55 Td (621) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.30 473.55 Td (4,969) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 458.53 Td (BALANCE December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.00 458.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.30 458.53 Td (18,996) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 458.53 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.30 458.53 Td (139,387) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 68.00 445.82 Td (\(1\) ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 442.20 Td (Char) Tj ET Q q 0 0 0 rg BT 101.41 442.20 Td (ged to other accounts for the bad debt and credit note provision consist primarily of accounts receivable written of) Tj ET Q q 0 0 0 rg BT 466.48 442.20 Td (f and opening balance of ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 86.00 432.60 Td (acquired companies.) 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