Annual Report of _final.indd

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1 #!cf}+ jflif{s k ltj]bg cf=j=@)&# &$ (2016/17) ;an tyf ;zqm

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3 ljifo;"rl ;+rfns ;ldlt ;fwf/0f ;ef;dagwl ;"rgf M # ;ef;dagwl ;fdfgo hfgsf/l M $ ;+rfns ;ldltsf] k ltj]bg M & n]vfk/lifssf] k ltj]bg jf;nft gfkmfgf]s;fg lx;fa gfkmfgf]s;fg af 8kmf 8 lx;fa M #) gubk jfx ljj/0f M #! OlSj6Ldf epsf] kl/jt{g;dagwl ljj/0f M #@## jf;nft; u ;Da4 cg';"rlx!!^ s_ M #$$& ;Defljt bflotjx cg';"rl!&_ M $& gfkmfgf]s;fg; u ;Da4 cg';"rlx!*@*s_ M $*%$ ;+rfns, sfo{sf/l k d'v M %% k" hlsf]if tflnsf cg';"rl #) s_!_ M %^ hf]lvd efl/t ;DklQ ljj/0f tflnsf cg';"rl #) v_ b]lv ª M %&^% k d'v ;"rsf cg;"rl #!_ M ^^ k d'v n]vf glltx cg';"rl #@_ M ^&^( n]vf;dagwl l6kk0flx cg';"rl ##_ M &)*! ;+:yfks z]o/ lwtf];dagwl ljj/0f cg ;"rl #$_ M *@** t'ngftds q}dfl;s kl/0ffd cg ;"rl #%_ M *( n]vfk/lif0fk"j{ rf}yf] q}dfl;s kl/0ffd cg ;"rl #^_ M () Disclosure under BASEL III : (!(^ shf{ tyf ;fk6sf] If]qut ljj/0f M (& d"no clea[l4 tflnsf M (& kf r jif{sf] ljqlo ;f/f+z M (* /]vflrq (Graph) M ((!)) lwtf]kq btf{ tyf lgisfzg ;DaGwL M!)!!)@ ljz]if k :tfj; u ;Da4 k agwkqdf k :tfljt ;+zf]wgsf] ljj/0f M M!)#!!# g]kfn /fi6«a}+saf6 lbopsf] lgb]{zg M!!$ n]vfk/lifssf] PsLs[t ljqlo ljj/0fsf] k ltj]bg M!!& PsLs[t jf;nft, gfkmfgf]s;fg lx;fa tyf cgo ljj/0fx? M!!*!@* ;xfos sdkgl ;DaGwL ljj/0fx? M!@(!#^ P; 8]enkd]06 a}+ssf] ljqlo ljj/0fx? M!#(=!$$ Joj:yfkg ;d"x M!$%!$^ #! cf} + jflif{s k ltj]bg 1

4 ;+rfns ;ldlt cwoif >Lk[YjLaxfb'/ kff8] ;+:yfks ;d"x ;+rfns >Lk hgo /fhe08f/l ;+:yfks ;d"x ;+rfns >L;"o{k sfznfn >]i7 ;+:yfks ;d"x ;+rfns >Llagf]bs'df/ u'/fuffo{ ;+:yfks ;d"x ;+rfns >Lsljs'df/ l6j/]jfnf ;+:yfks ;d"x ;+rfns >Le'jg]Zj/k ;fb zfx ;j{;fwf/0fx sf] tkm{af6 ;+rfns >Llg/~hgnfn >]i7 ;j{;fwf/0fx sf] tkm{af6 :jtgq ;+rfns >Ldf]xgdbg a'9fyf]sl 2 n]vfk/lifs >L;'Gb/ dfg >]i7, Pkm=l;=P= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ #! cf} + jflif{s k ltj]bg

5 #! cf}+ jflif{s ;fwf/0f ;efsf] ;"rgf o; a}+ssf] )^ df a;]sf] ;~rfns ;ldltsf] $*% cf}+ a}7ssf] lg0f{o cg';f/ o; a}+ssf] #! cf}+ jflif{s ;fwf/0f ;ef lgdglnlvt ldlt, ;do tyf :yfgdf lgdg ljifox? pk/ 5nkmn tyf lg0f{o ug{ a:g] epsf] xf'bf ;Dk"0f{ z]o/wgl dxfg'efjx?sf] pkl:yltsf nflu cg'/f]w ub{5'. ;ef x'g] ldlt, ;do / :yfg M ldlt M d+unaf/, sflt{s )& ;do M laxfg!)=)) ah]. :yfg M /fli6«o ;ef u[x, k b{zgl dfu{, sf7df08f}. 5nkmnsf] ljifo s= ;fdfgo k :tfj M!= cfly{s )&$ sf] ;~rfns ;ldltsf] k ltj]bg pk/ 5nkmn u/l kfl/t n]vfk/lifssf] k ltj]bg ;lxtsf] cfiff9 df ;dfkt epsf] jif{sf] jf;nft, tyf ;f]xl ldltdf ;dfkt epsf] )&$ sf] gfkmf gf]s;fg lx;fa tyf gub k jfx ljj/0f pk/ 5nkmn u/l kfl/t ug]{. #= o; a}+ssf] ;xfos sdkgl æpg cfo la Pn Soflk6n dfs]{6;\ ln=æ / æp; Soflk6n ln=æ sf] )&$ sf] ljqlo ljj/0f ;lxtsf] PsLs[t (Consolidated) ljqlo ljj/0f :jls[t ug]{. $= ;~rfns ;ldltaf6 k :tfj u/] adf]lhd k lt k ltzt gub nfef+z ljt/0f ug{ :jls[t ug]{. %= a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf ^# tyf sdkgl sf] bkmf!!! cg';f/ cfly{s )&% sf] n]vfk/lif0f ug{ n]vfk/lif0f ;ldltsf] l;kmfl/z d'tflas n]vfk/lifs lgo'lqm ug]{ / lghsf] kfl/>lds tyf lgo'lqmsf] zt{ tf]sg]. jt{dfg n]vfk/lifs >L ;'Gb/ P08 sdkglsf >L ;'Gb/dfg >]i7 k'gm lgo'qm x'g ;Sg' x'g]5._ ^= ;+:yfks z]o/wglx?sf] tkm{af6 $ rf/_ hgf ;~rfnsx?sf] lgjf{rg ug]{. v= ljz]if k :tfj!= ;~rfns ;ldltaf6 k :tfj u/] adf]lhd a}+ssf] r'qmf k"fhlsf]!% k ltzt af]g; z]o/ hf/l ug]{ / ;f] ubf{ a}+ssf] k"fhl ;d]t a[l4 x'g] x'fbf ;f] sf] nflu k agwkqsf] bkmf %v_ / %u_ ;d]t ;+zf]wg u/l hf/l k"fhl tyf r'qmf k"fhl ;d]t a[l4 ug]{ af]g; z]o/ hf/l ubf{ x'g cfpg] bzdnj k5lsf] c+s (Fraction Share) z]o/nfo{ gk'u /sd ;DalGwt z]o/wglaf6 k fkt u/l Psdf kl/0ft ug]{ / ;f] ubf{ ;fljss} z]o/ :jfldtj k"fhl k ltzt_ sfod /fvg] u/l hf/l k"fhl tyf r'qmf k"fhl ;+zf]wg u/l k]z k agwkqsf] bkmf $, bkmf$ r_ b]lv 1_ ;Dd, bkmf %v_ / u_, bkmf & u_ c_ / cf_, bkmf & r_ / bkmf!!!_ df ;+zf]wg ug]{. #= lgodfjnlsf] lgod ^(_, lgod *!_ b]lv *$_ ;Dd, lgod!)!_,!)%_,!) ^_, lgod!!!_, lgod!#@_, lgod!%, lgod!( $_,!( ^_, lgod #$, lgod #* #_ / lgod $$ df ;+zf]wg ug]{ tyf lgod * %_ / lgod!& vf/]h ug]{. $= k agwkq tyf lgodfjnlsf] lalegg bkmf tyf lgodx?df /x]sf] æa}+s tyf ljqlo ;+:yf ;DalGw nfo{ æa}+s tyf ljqlo ;+:yf ;DalGw u/l ;+zf]wg ug]{. %= ljz]if k :tfjsf ;+zf]wgx?af6 k agwkq / lgodfjnldf epsf ;+zf]wg yk pk/ lgodgsf/l lgsfo jf sfof{noaf6 s'g} ljifodf yk ;+zf]wg ug{ jf eflifs ;+zf]wg jf km]/abn ug{ s'g} lgb]{zg jf ;'emfj lbpdf ;f] d'tflas ;+zf]wg ug{ ;~rfns ;ldltnfo{ k"0f{ clvtof/l lbg]. ;+zf]wg ug'{kg]{ ljj/0fx? z]o/wgldxfg'efjx?nfo{ ;ef ;DaGwL JolQmut ;"rgfsf ;fy k ]lift ul/psf] 5. u= ljljw. ;+rfns ;ldltsf] cf1fn] sdkgl ;lrj #! cf} + jflif{s k ltj]bg 3

6 ;ef ;DaGwL ;fdfgo hfgsf/l!_ a}+ssf] z]o/wgl btf{ lstfadf gfd btf{ epsf z]o/wglx?n] cfkm} jf k ltlglw dfkm{t ;efdf efu lng, 5nkmn ug{ / dtbfg ug{ ;Sg]5g\. gfafns z]o/wglx?sf] tkm{af6 gfafnssf] ;+/Ifs jf lghn] lgo'qm u/]sf] k ltlglwn] ;efdf efu lng, 5nkmn ug{ / dtbfg ug{ ;Sg]5g\. z]o/wglx?sf] btf{ lstfadf ;+/Ifssf]?kdf gfd n]lvpsf] JolQmnfO{ dfq ;+/Ifs ;+o'qm?kdf Pshgf egbf a9l JolQmsf] gfddf z]o/ lnpsf]df To:tf] ;fem]bf/x?4f/f dgf]lgt ul/psf] ;fem]bf/n] jf lghx?n] dgf]lgt u/]sf] k ltlglwn] / ;f] adf]lhd s'g} ;fem]bf/ dgf]lgt x'g g;s]sf]df z]o/wglx?sf] btf{ lstfadf h;sf] gfd klxn] pnn]v epsf] 5 ;f]lx JolQmn] lbpsf] dt jf k ltlglwkq dfq ;b/ x'g]5. #_ ;efdf efu lng, 5nkmn ug{ / dtbfg ug{sf] nflu k ltlglw lgo'qm ug{ rfxg] z]o/wgln] a}+ssf] csf]{ s'g} z]o/wglnfo{ dfq k ltlglw lgo'qm ug{ ;Sg'x'g]5. $_ k ltlglw lgo'qm x'g] z]o/wgln] ;ef ;'? x'g' egbf &@ 306f cufj} k ltlglwkq o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln=, nflhdkf6, sf7df08f}+df a'emfo{ ;Sg'kg]{5. %_ k ltlglw lgo'qm u/l ;f]sf] nflu k ltlglwkq o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln=, nflhdkf6, sf7df08f}+df a'emfo{ ;s]kl5 k ltlglw ab/ u/l csf]{ k ltlglw lbg rfx]df ;f]sf] ;"rgf ;ef ;'? x'g egbf &@ 306f cufj} o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln=, nflhdkf6, sf7df08f}+df lbg'kg]{5. goff k ltlglwsf] xsdf bkmf # / $ adf]lhd x'g]5. ^_ Ps} z]o/wgln] Ps egbf a9l k ltlglw lgo'qm u/]sf] cj:yfdf bkmf % adf]lhd ab/ ul/psf]df afx]s To:tf] ;a} k ltlglw ab/ x'g]5. &_ k ltlglw lgo'qm ug]{ z]o/wgln] s'g} sf/0fjz To:tf] k ltlglw ab/ u/l cfkm} ;efdf pkl:yt eo{ ;efdf efu lng, 5nkmn ug{ / dtbfg ug{ rfx]df ;f]sf] lnlvt ;"rgf ;ef z'? x'g' egbf &@ 306f cufj} o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln=, nflhdkf6, sf7df08f}+df a'emfo{ ;Sg'kg]{5. *_ ljljw zlif{s cgtu{t k Zg ug{ rfxg] z]o/wgln] cfkm"n] k Zg ug{ rfx]sf] laifo af/] ;ef x'g'egbf & lbg cufj} a}+ssf] b/af/dfu{, sf7df08f} l:yt s]gb Lo sfof{nodf hfgsf/l lbg'kg]{5. To;/L hfgsf/l glbpsf] ljifo pk/ 5nkmn ug{ ;lsg] 5}g. (_ ;~rfns lgjf{rg ;DjlGw lj:t[t sfo{qmd a}+ssf] b/af/dfu{ l:yt s]lgb o sfof{nosf] ;"rgf kf6ldf ;ef lbg cufj} 6+f; ul/g]5.!)_ ;+:yfks ;+ul7t ;+:yfsf] tkm{af6 ;~rfnssf] pdd]bjf/ x'g rfxg] z]o/wgl afx]s cgo z]o/wgln] ;~rfnssf] pdd]bjf/ x'g a}+ssf] sdtldf #) lsqf z]o/ lnpsf] / a} +s tyf ljqlo ;+:yf ;DaGwL sdkgl cgo k rlnt sfg"g tyf a}+ssf] ;fwf/0f ;ef tyf ;~rfns lgjf{rg sfo{ljlw ;DaGwL adf]lhd of]uo x'g'kg]{5.!!_ )^!* ut]b]lv #! cf}+ jflif{s ;fwf/0f;ef gep;dd z]o/ bflvn vf/]h btf{ agb ul/g]5. g]kfn :6s PS;r]~h )^!& ut];dd sf/f]af/ eo{ ut] leq o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln=, nflhdkf6, sf7df08f}+n] k fkt u/]sf] gfd;f/lsf] lnvtsf cfwf/df z]o/wgl btf{ lstfadf sfod z]o/wglx?n] ;efdf efu lng, 5nkmn ug{ / dtbfg ug{ ;Sg'x'g]5.!@_ z]o/ k df0fkq k fkt u/l g;sg' epsf z]o/wgln] o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln=, nflhdkf6, sf7df08f}+af6 z]o/ k df0fkq k fkt ug{ ;Sg'x'g]5. ;efsf] lbg ;ef sifdf z]o/ k df0fkq ljt/0f ul/g] 5}g.!#_ cfkm\gf] kl/ro kq ;lxt a}+sn] hf/l u/]sf] k j]zkq jf z]o/ k df0f kq jf a}+ssf] z]o/ cef}ltsls/0f u/]sf] b]lvg] cef}ltsls/0f vftfsf] ljj/0f (DEMAT Account no.) k :t't u/]kl5 dfq ;ef sif leq k j]z ug{ kfo{g]5.!$_ ;efsf] lbg ;ef z'? x'g'egbf klxn] g} pkl:yt eo{ lbg'x'g xflb{s cg'/f]w ub{5'. ;fy} z]o/wgl dxfg'efjx?sf] ;'ljwfsf] nflu ;ef x'g] lbg laxfg (M)) ah]b]lv xflh/ k'l:tsf v'nnf /xg]5. b i6jom a}+ssf] jflif{s k ltj]bg ;Dk"0f{ z]o/wgldxfg'efjx?nfo{ x'nfs s'l/o/ dfkm{t k7fo{g]5. sf/0fjz pqm k ltj]bg k fkt x'g g;s]df a}+ssf] b/af/dfu{, sf7df08f} l:yt s]gb Lo sfof{no tyf o; a}+ssf] z]o/ /lhi6«f/ Pg cfo la Pn Soflk6n dfs]{6;\ ln= nflhdkf6, sf7df08f}+af6 k fkt ug{ ;Sg'x'g]5. ;fy} ;fwf/0f;ef;+u ;DjlGwt jflif{s k ltj]bg / 5nkmnsf ljifox? o; a}+ssf] j]a;fo6 df klg /flvpsf] x'fbf ToxfFaf6 ;d]t x]g{ ;lsg] Joxf]/f hfgsf/l u/fpfb5f}+. 4 #! cf} + jflif{s k ltj]bg

7 >L;+rfns ;ldlt, g]kfn OGe]i6d]06 a}+s ln= b/af/dfu{, sf7df8f}f. kf]=a=g+= k f]s;l kmf/fd ljifom k ltlglw k f]s;l_ lgo'qm u/]sf] af/]. ============================================ lhnnf ================================================== d=g=kf= p=d=g=kf= g=kf= ufpfkflnsf ;fljs ====================================================================_ j8f g+========a:g] d xfdl ========================================= ========================================================== n] To; a}+ssf] z]o/wglsf] x}l;otn] ;fn sflt{s dlxgf & ut] sf lbg x'g] #! cf}+ jflif{s ;fwf/0f;efdf d xfdl :jo+ pkl:yt eo{ 5nkmn tyf lg0f{odf ;xeful x'g g;sg] epsf] n] pqm ;efdf d]/f] xfd f] tkm{af6 efu lng tyf dtbfg ug{sf] nflu =========================== lhnnf ========================== ============== d=g=kf= p=d=g=kf= g=kf= ufpfkflnsf ;fljs =============================================================================_ j8f g+= ========== a:g] To; a}+ssf z]o/wgl >L ========================================================================================= nfo{ d]/f] xfd f] k ltlglw dgf]lgt u/l k7fpsf] 5' k7fpsf 5f}F. k ltlglw lgo'qm epsf] JolQmsf] x:tfif/sf] gd"gfm z]o/ k df0fkq g+=m lxtu flx l8dof6_ vftf g+=m z]o/wgl qmd ;+Vof_ g+=m ldltm lgj]bs, b:tvtm ============================================================== gfdm =================================================================== 7]ufgfM ================================================================= z]o/k df0fkq g+=m=================================================== lxtu flx l8dof6_ vftf g+=m z]o/wgl qmd ;+Vof_ g+=m z]o/ ;+VofM b i6jom of] k ltlglw k f]s;l_ kmf/fd ;ef z'? x'g'egbf &@ 306f cufj} sf=lh=, sf=d=g=kf=, j8f nflhdkf6 l:yt o; a}+ssf] z]o/ /lhi6«f/ PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8df k]z ul/;sg' kg]{5._ k j]zkq z]o/wglsf] gfd M===================================================================================================================================== z]o/wgl qmd ;+Vof_ g+= M=========================================================================================================================== z]o/ ;+Vof M============================================================================================================================================= lxtu flx l8dof6_ vftf g+=m========================================================================================================================== z]o/wglsf] ;xl M====================================================================================================================================== #! cf}f jflif{s ;fwf/0f;efdf pkl:yt x'g hf/l ul/psf] k j]zkq. b i6jom!= z]o/wgl cfk}fmn] vfnl sf]i7x eg'{xf]nf. #! cf} + ;efsifdf k ltj]bg k j]z ug{ of] k j]zkq k :t't ug'{ clgjfo{ 5. cflwsf/ls b:tvt5 sdkgl ;lrj_

8 6 #! cf} + jflif{s k ltj]bg

9 cfb/0flo z]o/wgldxfg'efjx?, PstL;f+} jflif{s ;fwf/0f ;efdf cwoifho"åf/f k :t't ;+rfns ;ldltsf] k ltj]bg g]kfn OGe]i6d]06 a}+s lnld6]8 PgcfOlaPn_ sf] PstL;f}+ jflif{s ;fwf/0f ;efdf z]o/wgldxfg'efjx?nfo{ :jfut ug{ kfpfbf xfdlnfo{ ctogt k zggtf eo/x]sf] 5. k :t't k ltj]bg sdkgl P]g, a}+s tyf ljqlo ;+:yf ;DaGwL P]g / g]kfn /fi6«a}+saf6 hf/l gllt lgb]{zg cg'?k 5. ljut tlg bzs egbf nfdf] ;do b]lv oxffx?af6 xfdlnfo{ k fkt lg/gt/sf] c;ld ljzjf; / cftdlo ;xof]usf nflu a}+s kl/jf/ oxffx?k lt xflb{s cfef/l 5. o; cjlwdf a}+sn] Jofj;flos pts[i6tf / u fxs ;Gt'li6nfO{ prr:t/df sfod /fvg ;kmn epsf] 5. g]kfnsf] a}lsë tyf ljqlo If]qnfO{ yk dha't, ;an tyf ;';+ul7t agfpg g]kfn /fi6«a}+sn] cfly{s )&# sf] df}lb s glltdf a}+s tyf ljqlo ;+:yfx?sf] r'qmf k"fhl $ u'0ffn] a[l4 u/l æsæ ju{sf a}+sx?sf ciff9 d;fgt ;Dddf Go"gtd r'qmf kf"hl?= * ca{ k' ofpg kg]{ lgb]{zg hf/l u/]sf] lyof]. ;f]lx lgb]{zgsf] kfngf :j?k o; a}+sn] ut cfly{s jif{df g} g]kfn /fi6«a}+sn] tf]s]sf] Go"gtd r'qmf kf"hl?=* ca{ k' ofo{ ;f] dfkb08 xfl;n ug]{ k yd a}+s epsf] 5. a}lsë If]qnfO{ yk ;Ifd tyf Plss[t ug{sf] lgldt g]kfn /fi6«a}+sn] dh{/ jf k fktlsf] dfwodaf6 ljqlo ;+:yf ufle sf/f]jf/ ;+rfng ug{ k f]t;fxg ug]{ gllt lnpsf] 5. ;f] glltnfo{ ;3fpg o; a}+sn] P; 8]enkd]G6 a}+s ln= nfo{ k fktl (Acquisition) ug]{ lg0f{o u/] cg'?k ut] k fktl ;DjGwL ;Demf}tfdf x:tfif/ u/]sf] oxffx?nfo{ ljlbt} 5. g]kfn kf}if! ut] lbpsf] ;}4flGts :jls[lt kzrft b'j} a}+ssf] ut] ;DkGg ljz]if ;fwf/0f ;efn] :jfk cg'kft (Swap Ratio) )=$! Kffl/t u/l k fktl ;DalGw sfo{nfo{ cg'df]bg u/]sf] lyof]. ;f] kzrft\ cfiff9! ut] g]kfn /fi6«a}+saf6 clgtd :jls[tl tyf sdkgl /lhi6«f/sf] sfof{noaf6 ut]sf] :jls[tl kzrft\ ut]af6 o; a+}sn] ;kmntfk"j{s Plss[t sf/f]af/ z'? u/]sf] oxffx? ;dif hfgsf/l u/fpg rfxg5f}+. k fktl kzrft\ a+}ssf] kf"hl ;+/rgf, zfvf ;+hfn yk alnof] tyf lj:tf/ x'g], ;]jfu fxlx?nfo{ yk k efjsf/l a}+lsë ;]jf k bfg ug{ ;lsg], goff sfo{if]qdf Joj;fo tyf nufglsf] a[l4 u/l z]o/wglx?nfo{ cem /fd f] k ltkmn lbg ;lsg] tyf ljqlo ; f]t kl/rfng ug{df yk ;xhtf eo{ cgttm b]zsf] cfly{s ljsf;df yk ;sf/ftds of]ubfg k'ug] ljzjf; xfdln] lnpsf 5f}+. o; k fktl kzrft\ a}+ssf] sf7df08f}+ pktosf tyf pktosf aflx/ #* u/l hddf ^! j6f zfvf sfof{no, # j6f PS;6]G;g sfpg6/ tyf (* j6f Pl6Pd k'u]sf 5g\. a}+sn] )=$! :jfk cg'kft (Swap Ratio) d'tfljs P; 8]enkd]06 a+}ssf]?!=@) cj{ r'qmf kf"hlsf] abnfdf P; 8]enkd]06 a+}ssf z]o/wglx?nfo{?= $( s/f]8 a/fa/sf] z]o/ hf/l u/]sf] 5. r'qmf kf"hldf cfpsf] km/s art_ /sd?= &! s/f]8nfo{ o; a}+sn] PlSjlh;g l/he{ (Acquisition Reserve) df n]vfíg u/]sf] 5. k fktl kzrft\ o; a}+ssf] r'qmf kf"hl?=!) ca{ ^@ s/f]8 k :tfljt af]g;?=! ca{ #* s/f]8 ;lxt_ k'u]sf] 5 h'g g]kfnsf lglh a}+sx? dwo] ;a}egbf al9 xf]. To;} u/l a}+ssf] ;l~rlt /sd #! cf} + jflif{s k ltj]bg 7

10 (Reserve & Surplus) klg a9]/? * ca{ * s/f]8 k'u]sf] 5 eg] z]o/wgl sf]if (Shareholders' Fund) /sd?=!* ca{ &) s/f]8 k'u]sf] 5. o; a+}ssf] r'qmf k"fhl tyf z]o/wgl sf]if b'a} lghl If]qsf a}+sx? dwo]s} ;a}egbf prr epsf] hfgsf/l u/fpg kfpfbf xfdl uf}/jflgjt epsf 5f}+. o;n] a}+ssf] k"fhl kof{kttf cg'kftdf 6]jf lbg'sf] ;fy} eljiodf a}+ssf] Joj;fo tyf cfdbfgl a[l4 ug]{ sfo{df cgo a}+ssf] t'ngfdf o; a}+snfo{ w]/} cj;/ k fkt x'g] epsf] 5. a}+sx?;fu ;'b[9 k"fhlut cfwf/ x'g'k5{ egg] xfd f] dfgotf /x]sf] 5. w]/} k"fhl epsf a}+sx?n] dfq} lbuf] a[l4 xfl;n ug{ ;Sg] / To:tf a}+sx?n] dfq} cfk\mgf ;/f]sf/jfnfx?sf] nflu plrt d"no ;[hgf ug{ ;Sg] ljzjf; xfdln] lnpsf 5f}+. ca d oxffx? ;dif cfly{s &$ sf] a}+ssf ultljlwx?, jf;nft tyf gfkmf gf]s;fg lx;fa ;lxtsf cgo ljqlo ljj/0f k :t't ug{ ] cg'dlt rfxg5'.!= ljut jif{ cfly{s &$_ sf] a}+ssf] sf/f]jf/sf] l;+xfjnf]sgm cfly{s &$ o; a}+ssf] nflu r'gf}tlk"0f{ /x\of]. 5f]6f] cgt/fndf lgif]k ;+sngdf cfpsf] ;+s'rgn] lgif]k Aofh b/sf] nfutdf r/d a[l4 x'g uo{ v'b Aofh cfdbfglsf] a[l4df gsf/ftds c;/ k/]sf] 5. kmn:j?k v'b Aofh cfdbfgl ut aif{sf]?= # ca{ (@ s/f]8df? *^ s/f]8 #) nfv k ltztn] dfq a[l4 eo{? $ ca{ &* s/f]8 k'u]sf] 5. z'mnsdf cfwfl/t Joj;fodf prr k lt:kw{fsf] afjh'b a}+sn] ;f] cfodf pnn]vo a[l4 xfl;n u/]sf] 5. cl3nnf] cf=j= df?= () s/f]8 ($ nfv /x]sf] z'mns tyf sldzg cfdbfgl o; s/f]8 ^ nfv cyf{t\ #!=( k ltztn] a9]/?=! s/f]8 k'u]sf] 5. To:f}u/L ljlgdo cfdbfgldf klg ;Gtf]ifhgs a[l4 epsf] 5. ;dliff cjlwdf of] cfdbfgl?= * s/f]8 *! nfv cyf{t\!^=% k ltztn] a9]/?= ^@ s/f]8!$ nfv k'u]sf] 5. cl3nnf] cf=j=df of] cfdbfgl?= %# s/f]8 #@ nfv lyof]. ptf, a}+ssf] ;~rfng nfutdf klg ;fdfgo a[l4 epsf] 5. ahf/sf] cj:yf cg'?k o;df ;fdfgo a[l4 epsf] xf]. ut cf=j= df a}+ssf] sd{rf/l vr{?= ( s/f]8 ^) nfv cyf{t\!^=( k ltztn] a[l4 eo{?= ^^ s/f]8 %* nfv k'u]sf] 5. To:t}u/L, ;f] cjlwdf cgo ;~rfng vr{ rfflx? $ s/f]8!& nfv cyf{t\ ^=# k ltztn] a9]/?= ^( s/f]8 (^ Nffv k'u]sf] 5. kmn:j?k a}+ssf] ;~rfng d'gfkmf?! cj{!) s/f]8n] k ltztn] a9]/?= % s/f]8 k'u]sf] 5. cl3nnf] cfly{s jif{df eg] of]? $ ca{!# s/f]8 lyof]. o; cjlwdf a}+sn] gf]s;fgl Joj:yfsf nflu? %! nfv 5' ØfPsf] 5 eg] gf]s;fgl Joj:yfaf6?= ( s/f]8 ^! nfv lkmtf{ u/]sf] 5. kmn:j?k o; jif{ v'b shf{ gf]s;fgl Joj:yftkm{ a}+sn] yk?=$! s/f]8 $! nfv Joj:yf u/]sf] 5. ut jif{ eg]?= & s/f]8 && nfv lyof]. ;du df ;dliff cjlwdf a}+ssf] v'b d'gfkmf? %^ s/f]8 #@ nfvsf] a[l4 ;lxt?= # ca{!! s/f]8 k'u]sf] 5. of] cl3nnf] cf=j=sf] k ltzt a9l xf]. ;f] cjlwdf a}+ssf] v'b ca{ %% s/f]8 /x]sf] lyof]. ut cf= j= df a}+ssf] jf;nfttkm{ s"n ca{ # s/f]8 cyf{t\!^=@ k ltztn] a9l?=! vj{ %) ca{ k'u]sf] 5. cl3nnf] jif{ of]! ca{ lyof]. To:t}u/L, a}+ssf] s"n lgif]k / s"n shf{ qmdzm!%=& k ltzt k ltztn] a[l4 x'fb}?=! ca{ /?=! va{ ^ ca{ sfod epsf] 5 eg] s"n nufgl!@=# k ltztn] ca{ ^! s/f]8 sfod epsf] 5. ;dliff cjlwdf a}+ssf] lglis o shf{ PgkLP_ s]xl cg'kftdf a9]sf] 5. cl3nnf] cf= j= df )=^* /x]sf] PgkLP cg'kft o; cf=j=df a9]/ )=*# k ltztdf cfpsf] 5. cfpfbf jif{x?df ;f] PgkLPnfO{ 36fP/ cem Go"gtd\ :t/df n}hfg] k of;nfo{ xfdl lg/gt/tf lbg]5f}+. 8 #! cf} + jflif{s k ltj]bg

11 a}+ssf] k"fhl kof{kttf cg'kftdf klg pnn]vglo?kdf a[l4 epsf] 5. af;n tlg (Basel III) cg';f/ Go"gtd k fylds k"fhl (Tier I ) & k ltzt cfjzos epklg xfn ;f] cg'kft!!=%* k ltzt sfod /x]sf] 5. To:t}u/L, s"n k"fhl sf]if cg'kft Go"gtd!! k ltzt tf]lspsf]df a}+ssf] s"n k"fhl sf]if!#=)@ k ltzt /x]sf] 5. To;}u/L a}+ssf] shf{ lgif]k cg'kft :jb]zl lgif]k tyf kf"hl_ klg ;xh:t/df g} sfod /x]sf] 5. g]kfn /fi6«a}+ssf] lgb]{zg';f/ shf{ lgif]k cg'kft :jb]zl lgif]k tyf kf"hl_ *) k ltztegbf a9l gx'g] u/l sfod ug'{kg]{ Joj:yf epsf]df a}+ssf] of] cg'kft &&=^ k ltztdf sfod /x]sf] 5. a}+ssf] r'qmf k"fhldf k fkt k ltkmn / z]o/wgl sf]ifdf k fkt k ltkmn klg ;Gtf]ifhgs :t/df g} /x]sf 5. ;dliff cjlwdf r'qmf k"fhldf k fkt k ltkmn #%=* k ltzt /x]s]f 5 eg] z]o/wgl sf]ifdf k fkt k ltkmn!(=! k ltzt /x]sf] 5. To:t}u/L ;f] cjlwdf lgif]k / shf{df xfd f] ahf/ lx:;f qmdzm ^=) k ltzt / ^=@ k ltzt /x]sf] 5. ;dliff cjlwdf a}+sn] xfl;n u/]sf] sfo{;dkfbgsf] emns tn pnn]v ul/p cg';f/ 5 M qm=; ljj/0f cfly{s &# cfly{s &$ a[l4 /sd a[l4 k ltzt! s'n lgif]k!)*,^@^!@%,^^(!&,)$@!%=& # s'n shf{;fk6 $ #,^!!_!@=#_ % s'n ;+rfng d'gfkmf ;Defljt gf]s;fgl Joj:yfcl3_ $,!#^ ^ s'n v"b #,!!$ & lgliqmo shf{ (NPA) k ltztdf_ )=^* )=*#!% * k"fhl kof{kttf cg'kft k ltztdf_!$=(@!#=)@!=(_ ( shf{ lgif]k cg'kft &^=* &&=^ )=*%!) r'qmf k"fhldf k fkt k ltkmn* k ltztdf_ $)=@ #%=* $=$_!! z]o/wgl sf]ifdf k fkt k ltkmn* k ^=(_!@ s'n u fxs ;+Vof c+sdf_ ^,(&,))( *,@@,)*@!,@%,)&#!&+=(!# lgif]kdf ahf/ c+z k ltztdf_ ^=! ^=) )=!_!$ shf{df ahf/ c+z k ltztdf_ ^=@ ^=@ )=) * z'?sf] /fli6«o tyf cgt/f{li6«o kl/l:yltaf6 sdkglsf] sf/f]af/nfo{ s'g} c;/ k/]sf] ep ;f] c;/m df ljzj cy{tgq #=! k ltztn] a[l4 epsf]df df #=% k ltzt / df #=^ k ltztn] a[l4 x'g] cgt/f{li6«o d'b fsf]ifsf] k If]k0f 5. ef/tlo cy{tgq df ^=* k ltztn] a[l4 epsf]df df &=@ k ltzt / df &=& k ltztn] a[l4 x'g] k If]k0f 5. rlgsf] cy{tgq eg] sf] ^=& k ltztsf] t'ngfdf df ^=^ k ltzt / df ^=@ k ltztn] a[l4 x'g] k If]k0f 5. ljzj cfly{s a[l4b/df cfpsf] ;'wf/af6 g]kfn nufotsf cnkljsl;t d'n'sx?df #! cf} + jflif{s k ltj]bg 9

12 ;sf/ftds k efj kg]{ b]lvg5. tyflk, Go"g ptkfbstj a[l4 Pjd\ ljsl;t d'n'sx?sf] :jb]z nlift ljsf; glltn] pblodfg tyf cnkljsl;t d'n'sx?nfo{ c;/ kg{;sg] cffsng ;d]t ul/psf] 5. cfly{s &$ df g]kfnsf] s"n ufx{:yo ptkfbg cfwf/e"t d"nodf_ ^=( k ltzt /x]sf] cg'dfg 5. s[lif, pbf]u tyf ;]jf If]qsf ultljlwx?df cfpsf] ;'wf/sf sf/0f cfly{s df s"n ufx{:yo ptkfbg nio ^=% k ltzt_ egbf s]xl dfly /xg] b]lvpsf] xf]. df};dl cg's"ntf, s[lifhgo a:t'x?sf] cfk"lt{ ;xhtf tyf jg k}bfjf/sf] pkhdf epsf] lj:tf/sf sf/0f ;dliff jif{df s[lif If]qsf] a[l4b/df ;'wf/ cfpsf] cg'dfg 5. ljb't cfk"lt{ tyf nufglsf] jftfj/0fdf cfpsf] ;'wf/sf sf/0f u}/s[lif If]qsf] a[l4b/ prr /x]sf] cg'dfg 5. cfly{s &$ df jflif{s cf};t d'b f:kmllt b/ &=% k ltztsf] ;Ldf leq /fvg] nio lnopsf] lyof]. cfly{s &$ df jflif{s cf};t pkef]qmf d'b f:kmllt $=% k ltztdf ;Lldt /x]sf] 5. cl3nnf] cfly{s jif{df cf};t pkef]qmf d'b f:kmllt b/ (=( k ltzt /x]sf] lyof]. cfwf/ d"no k efj / cfk"lt{ Joj:yfdf cfpsf] ;'wf/sf sf/0f ;dliff cjlwdf pkef]qmf d'b f:kmllt Go"g /x]sf] xf]. cfly{s &$ sf nflu g]kfn ;/sf/n] ;fj{hlgs u/]sf]?=!,)$( ca{sf] ah]6df k"fhlut vr{?= #!@ ca{ / rfn' vr{?= ^!& ca{ /xg] cg'dfg ul/psf]df cfly{s &$ df gub k jfxdf cfwfl/t k'fhlut vr{ ^#=* k ltzt / rfn' vr{ #&=^ k ltzt epsf] 5. cfly{s &$ df g]kfn ;/sf/sf] k ltztn] a[l4 eo{?= ^)( ca{!& s/f]8 k'u]sf] 5. pqm /fh:j ah]6 nio?= %^% ca{ () s/f]8sf]!)&=& k ltzt x'g cfpf5. ; f]t kl/rfngsf] t'ngfdf ;/sf/l vr{ Go"g epsf]n] ;dliff jif{sf] cgtodf g]kfn ;/sf/sf] g]kfn /fi6«a}+s;fu?=!@& ca{ ^( s/f]8 gub df}hbft /x]sf] 5. cfly{s &$ df s"n j:t' lgof{t $=@ k ltztn] a[l4 eo{?= &# ca{ % s/f]8 k'u]sf] 5 eg] s"n j:t' k ltztn] a9]/?= (() ca{!! s/f]8 k'u]sf] 5. kmn:j?k ;dliff jif{df s"n j:t' Jofkf/ 3f6f #)=$ k ltztn] a9l?= (!& ca{ ^ s/f]8 k'u]sf] 5. cl3nnf] jif{ o:tf] Jofkf/ k ltztn] a9]sf] lyof]. ;dliff jif{df ljk ]if0f k jfx $=^ k ltztn] a[l4 eo{?= ^(% ca{ $% s/f]8 k'u]sf] 5. cl3nnf] jif{ ljk ]if0f k jfx &=& k ltztn] a[l4 epsf] lyof]. ljk ]if0f k jfx s"n ufx{:y ptkfbg cg'kft cl3nnf] (=^ k ltzt /x]sf]df ;dliff k ltzt /x]sf] 5. j}b]lzs /f]huf/ldf hfg] g]kfnl gful/sx?sf] ;+Vof k'gm>d :jls[lt afx]s_ df sdl cfpsf] 5. clgtd >d :jls[ltsf cfwf/df j}b]lzs /f]huf/ldf hfg] g]kfnlsf] ;+Vof cfly{s &$ df ut jif{sf] t'ngfdf $=& k ltztn] 36]sf] 5. cl3nnf] jif{sf] ;f]xl cjlwdf o:tf] ;+Vof!*=$ k ltztn] 36]sf] lyof]. ;dliff jif{df dn]l;of, ;+o'qm c/a O{ld/]6\;, s'j]t nufotsf b]zdf hfg] sfdbf/sf] ;+Vofdf a[l4 epsf] 5 eg] ;fpbl c/]ljof, stf/ nufotsf b]zdf hfg] sfdbf/sf] ;+Vofdf lu/fj6 cfpsf] 5. ;dliff jif{df a}+s tyf ljqlo ;+:yfx sf] lgif]k!$ k ltztn] a9]sf] 5. cl3nnf] jif{ o:tf] lgif]k!(=$ k ltztn] a9]sf] lyof]. ;dliff jif{df a}+s tyf ljqlo ;+:yfx?af6 lghl If]qdf k jflxt shf{!*=@ k ltztn] a9]sf] 5. cl3nnf] jif{ o:tf] k ltztn] a9]sf] lyof]. 10 #! cf} + jflif{s k ltj]bg

13 @)&# c;f/df (!lbg] 6«]h/L lansf] efl/t cf};t Aofhb/ )=)% k ltzt c;f/df )=&! k ltzt sfod epsf] 5. jfl0fho a}+sx alrsf] cgt/a}+s sf/f]af/sf] efl/t cf};t Aofhb/ c;f/sf] )=^( k ltztsf] c;f/df )=^$ k ltzt /x]sf] c;f/df jfl0fho a}+sx sf] shf{ tyf lgif]k alrsf] efl/t cf};t Aofhb/ cgt/ %=@ k ltzt /x]sf] 5. cl3nnf] jif{sf] c;f/df o:tf] Aofhb/ cgt/ %=^ k ltzt /x]sf] lyof]. To;}u/L, jfl0fho a}+sx sf] cf};t cfwf/ c;f/sf] ^=% k ltztsf] c;f/df (=( k ltzt sfod x'g cfpsf] 5. cl3nnf] aif{?=!$) ca{ $@ s/f]8sf] prr artdf /x]sf] rfn" vftf ;dliff jif{df j:t' cfoft prr b/n] a9]sf] sf/0f?=!) ca{!# s/f]8n] 3f6fdf upsf] 5. lgof{tsf] t'ngfdf cfoftdf prr a[l4 epsf]n] cl3nnf] jif{ pnn]vo artdf /x]sf] rfn" vftf ;dliff jif{df 3f6fdf upsf] xf]. To;}u/L, cl3nnf] jif{?=!** ca{ (% s/f]8n] artdf /x]sf] ;du zf]wgfgt/ ;dliff jif{df?= *@ ca{!% s/f]8n] artdf /x]sf] 5. s'n ljb]zl ljlgdo c;f/ d;fgtsf]?=!)#( s/f]8af6 #=( k ltztn] a[l4 c;f/ d;fgtdf?=!)&( ca{ %@ s/f]8 /x]sf] 5. cfly{s sf] cfoftnfo{ cfwf/ dfgbf a}lsë If]q;Fu /x]sf] ljb]zl ljlgdo ;l~rlt!#=@ dlxgfsf] j:t' cfoft /!!=$ dlxgfsf] j:t' tyf ;]jf cfoft wfgg kof{kt /xg] c;f/ d;fgtsf] c;f/ d;fgtdf g]kfnl k}off cd]l/sl 8n/;Fu #=* k ltztn] clwd"nog epsf] 5. cl3nnf] jif{ g]kfnl?k}off cd]l/sl 8n/;Fu %=@ k ltztn] cjd"nog epsf] c;f/ d;fgtdf Ps cd]l/sl 8n/sf] vl/b ljlgdo b/?=!)@=*^ k'u]sf] c;f/ d;fgtdf pqm ljlgdo b/?=!)^=&# /x]sf] lyof]. #= k ltj]bg tof/ epsf] ldlt;dd rfn' jif{ cfly{s &%_ sf] pknlaw / eljiodf ug'{kg]{ s'/fx?sf ljifodf ;+rfns ;ldltsf] wf/0ff efb d;fgt ;Dddf a}+sn]?=! ca{ lgif]k ;+sng u/l?! va{ & ca{ shf{ nufgl u/]sf] 5. eljiodf ug'{kg]{ sfdsf ljifodf o;} k ltj]bgsf] a"fbf sf] vú df rrf{ ul/psf] 5. $= sdkglsf] cf}bf]lus jf Jofj;flos ;DaGwM ;dliff cjlwdf a}+sn] cfkm\gf ;a} ;/f]sf/jfnfx?;fu ;f}xfb{k"0f{ / Jofj;flos ;DaGw lj:tf/ u/]sf] 5. kf/blz{tf / Jofj;flostfsf cfwf/df :yflkt epsf o:tf ;DaGwx? kmnbfol x'g] / a}+ssf] efjl k ult / ;kmntfsf nflu klg pko'qm dfwod x'g] ljzjf; xfdln] lnpsf 5f}F. %= ;+rfns ;ldltdf epsf] x]/km]/ / ;f] sf] sf/0fm a}+sdf ;flas ;+:yfks z]o/wgldwo]sf /fli6«o jfl0fho a}+s ;d"xsf] z]o/wglx?sf] tkm{af6 k ltlglwtj ug'{x'g] u/l >L lagf]b u'/fuffo{ tyf ;j{;fwf/0f z]o/wglx?sf] tkm{af6 >L e'jg]zj/k ;fb zfx / #! cf} + jflif{s k ltj]bg 11

14 >L lg/~hg nfn >]i7 c;f]h!! ut]sf] #) cf}+ jflif{s ;fwf/0f ;efaf6= ;+rfnsdf lgjf{lrt x'g' epsf lyp. ;fy} a}+s tyf ljqlo ;+:yf ;DaGwL d'tflas aldf Joj;fo ug]{ ;+:yfsf] jxfnjfnf kbflwsf/l a}+sdf ;+rfns kbdf /xg cof]uo x'g] Joj:yf ep d'tflas ;+:yfks z]o/wgl >L /fli6«o aldf sdkgl lnld6]8sf] tkm{af6 ;+rfnsdf dgf]lgt x'g' epsf >L jl/ laqmd /fodfemlho" ;+rfnsaf6 x6\g' epsf] 5 / pxffsf] 7fpFdf >L slj s'df/ l6j/]jfnfho" cflzjg )! ut] b]lv axfn x'g' epsf] 5. To;} u/l ;+:yfks z]o/wglsf] tkm{af6 ;+rfnsdf /xg' epsf >L blksdfg z]/rgho"n] cfkm\gf] AolQmut sf/0fn] cflzjg )! ut] b]lv /fhlgfdf lbo{ ;+rfns kbaf6 x6\g' epsf] 5. a}+ssf] ljsf;df ;xof]u tyf of]ubfg lbg' epsf]df p+xfnfo{ xflb{s wgojfb 1fkg ug'{sf ;fy} gjlgjf{lrt ;+rfnsho"x?nfo{ :jfutsf ;fy} p+xfx?sf] ;kmn sfo{sfnsf] nflu z'esfdgf JoQm ub{5'. ;fy} a}+s tyf ljqlo ;+:yf ;DaGwL d'tflas ;+rfnsx?sf] ;+Vof & hgf sfod ug{sf] nflu a}+ssf] lgodfjnlsf] ;DalGwt lgoddf o;} ;fwf/0f ;efaf6 ;+zf]wg ul/ ;fljsdf ;+:yfksx? dwo]af6 ^ hgf ;~rfns lgo'qm x'g] Joj:yf /x]sf]df To;nfO{ $ hgfdf 36fO{ lgjf{rg ug]{ k :tfj klg o;} ;fwf/0f ;efdf k]z ul/psf] 5. ^= sf/f]af/nfo{ c;/ kfg]{ d'vo s'/fx? M a}+ssf] sf/f]af/nfo{ c;/ kfg]{ d'vo hf]lvd tyf cgo ttjx? tn pnn]v ul/pcg';f/ /x]sf 5g\M a}+saf6 k bfg ul/g] shf{ tyf u}x sf]iflo ;]jfx? pknaw u/fpfbf x'g;sg] ;+efljt hf]lvdx?. ;du a}+lsë If]qdf 5f]6f] ;dodf x'g] t/ntf cj:yfsf] ptf/ r9fj / ;f]s]f sf/0f ;DklQ / bflotj tyf lgif]k / shf{sf] Aofhb/ Joj:yfkgdf r'gf}tlx?. ljb]zl ljlgdo sf/f]jf/ ubf{ ljlgdo b/df x'g] kl/jt{gaf6 x'g ;Sg] ;+efljt hf]lvdx?. /fi6«sf] cfly{s, df}lb s tyf ljqlo gllt kl/jt{gaf6 x'g ;Sg] ;+efljt hf]lvdx?. cgt/f{li6«o cfly{s tyf ljqlo If]qdf x'g] ptf/ r9fjsf] sf/0faf6 g]kfnl ahf/df kg{;sg] c;/af6 x'g ;Sg] hf]lvdx?. cfdbfglsf] ; f]t ;ff3'l/psf] a]nf k"fhl ;DjGwL dfkb08 sfod u/l nufglstf{nfo{ lg/gt/ prr k ltkmn k bfg ul//xg] ;DaGwL r'gf}tl. j}slnks nufgl If]qsf] cefj. &= n]vfk/lif0f k ltj]bgdf s'g} s}lkmot pnn]v epsf] ep ;f] pk/ ;+rfns ;ldltsf] k ltlqmofm lgoldt sf/f]af/sf qmddf epsf ;fdfgo s}lkmot afx]s n]vfk/lif0f k ltj]bgdf c? s'g} gsf/ftds s'/f b]lvpsf] 5}g. n]vfk/lifsx?af6 k fkt k ltlqmof / ;'emfjsf ;DaGwdf ;+rfns ;ldltsf] Wofgfsif{0f epsf] 5. pglx?n] ;'emfpsf ;'wf/sf nflu cfjzos sbd klg rflnpsf] #! cf} + jflif{s k ltj]bg

15 *= nfef+z aff8kmff8 ug{ l;kmfl/; ul/psf] /sdm a}+ssf] ;+rfns;ldltsf] cf}f a}7sn] a}+ssf] d'gfkmfaf6 r'qmf k ltzt gub nfef+z tyf!% k ltzt af]g; z]o/ jfkt?!,#*,^),%^,*#) ljt/0f ug]{ k :tfj u/]sf] 5. (= z]o/ hkmt epsf] ep hkmt epsf] z]o/ ;+Vof, To:tf] z]o/sf] c+lst d"no, To:tf] z]o/ hkmt x'g'egbf cufj} ;f] afkt sdkgln] k fkt u/]sf] hddf /sd / To:tf] z]o/ hkmt epkl5 ;f] z]o/ laqml u/l sdkgln] k fkt u/]sf] /sd tyf hkmt epsf] z]o/afkt /sd lkmtf{ u/]sf] ep ;f] sf] ljj/0fm ;dliff jif{df s'g} klg z]o/ hkmt ul/psf] 5}g.!)=ljut cfly{s jif{df sdkgl / o;sf] ;xfos sdkglsf] sf/f]af/sf] k ult / ;f] cfly{s jif{sf] cgtodf /x]sf] l:yltsf] k'g/fjnf]sgm a}+sn] dr]{g6 a}+lsë Joj;fo ug{sf nflu?= %) s/f]8sf] clws[t k"fhldf?=!$ s/f]8 %) nfvsf] hf/l k"fhl /xg] u/l æpgcfolapn Soflk6n dfs]{6\; lnld6]8æ gfds Ps ;xfos sdkgl :yfkgf u/]sf] / pst sdkglsf] hf/l k"fhldwo] &) k ltzt?=!) s/f]8!% nfv_ a}+sn] nufgl u/]sf] 5 eg] affsl #) k ltzt ;j{;fwf/0fsf nflu 5' ofopsf] 5. pqm ;xfos sdkglsf] sfo{if]q dr]{g6 a}+lsë, z]o/ /lhi6«f/, lgif]k ;xeflutf l8kf]lh6/l kfl6{l;k]g6_, Do'r'cn kmg8, kf]6{kmf]lnof] Joj:yfkg, k foe]6 OlSj6L tyf k/fdz{ ;]jf cflb /x]sf] 5. ;dliff cjlwdf sdkgln] % j6f sdkglx?sf] ;fwf/0f z]o/ lgisfzg tyf laqml k jgwsf] sfo{ ;DkGg u/]sf] lyof]. ;fy} sdkgln] o;sf] dr]{g6 a}+lsª ;]jf klg lj:tf/ u/]sf] 5. sdkgln] #) j6f sdkglx?sf] z]o/ /lhi6«]zg ;]jf ;DalGw sfo{ ul//x]sf] 5. )&$ ;Dddf PgcfO{aLPn Soflk6n dfs]{6\;\ lnld6]8n] nufgl Joj:yfkg cgtu{tsf ;]jfx? k bfg ub}{ cfkm\gf ;]jfu fxlx?nfo{ plrt k ltkmn lbg ;kmn epsf] 5. sdkgln] g]kfn lwtf]kq af]8{ tyf l;l8p; P08 lsnol/ë lnld6]8af6 lgif]k ;b:osf]?kdf sfo{ ug{sf nflu Ohfht k fkt u/]sf]df g]kfn OGe]i6d]06 a}+s ln= ;Fu ;Demf}tf u/l a}+ssf] ;Dk"0f{ zfvf sfof{nox? nufot PgcfO{aLPn Soflk6n dfs]{6\; lnld6]8af6 b]ze/ lgif]k ;b:o ;DaGwL ;]jf k bfg ub}{ cfo{/x]sf] / o; )&$ df &!,(#! lxtu fxl vftf vf]nl s"n!,)!,!&* vftf /x]sf] 5. PgcfO{aLPn Do'r'cn km08 cgtu{tsf] PgcfO{aLPn ;d[l4 km08! sf] of]hgf Joj:yfks /xl PgcfO{aLPn Soflk6n dfs]{6\; ln= n]?=! ca{sf] sf]if ;+rfng u/l o; cf=j=df k lt OsfO{ v'b ;DklQ d"no?!$=($ sfod /x]sf] 5. v'b k ffkt cfdbfgl?!(=%! s/f]8 /x]sf] 5 h;dwo] O{sfOwlgx?nfO{!* k ltzt nfef+z ljt/0f ug{ k :tfj u/]sf] 5. o; jif{ PgcfO{aLPn Do'rcn km08 cgt{ut bf]; f] of]hgf PgcfO{aLPn k utl km08 ;+rfngdf cfpsf] 5.? &% s/f]8sf] o; km08sf] v'b ;DktL d'no?!)=)% /x]sf] 5 eg] o;sf] v'b gfkmf? #$=() nfv /x]sf] 5. #! cf} + jflif{s k ltj]bg 13

16 ut jif{ PgcfO{aLPn Soflk6n dfs]{6\; ln= n]?= % nfv v"b gfkmf sdfpsf] lyof] eg] o; cfly{s &$ df sdkglsf] gfkmfdf pnn]vglo a[l4 eo{?=!) s/f]8 * nfv k' ofpg ;kmn epsf] 5. sdkgln] cfly{s &$ sf] nflu r'qmf k"fhldf (& k ltzt jf]g; z]o/ k ltzt gub nfef+z ljt/0f ug]{ k :tfj u/]sf] 5. P; 8]enkd]G6 a}+snfo{ k fktl kl5 ;f] ;+:yfsf] ;xfos sdkgl P; Soflk6n lnld6]8 klg xfd f] ;xfos sdkgl epsf] 5. cfly{s &$ df P; Soflk6n lnld6]8n]?= # s/f]8 &# nfv v'b gfkmf u/]sf] 5. ut jif{ v'b gfkmf? (!=^) nfv /x]sf] lyof]. sdkgln] cfly{s &$ sf] nflu r'qmf k"fhldf %@ k ltzt gub nfef+z ljt/0f ug]{ k :tfj u/]sf] 5. P; Soflk6n lnld6]8 tyf PgcfO{aLPn Soflk6n dfs]{6\; ln= Ps cfk;df ufeg] ufleg] k fktl ug]{ sfo{ o; leq ;DkGg ug{sf] nflu cfjzos sfo{ eo{/x]sf] s'/f hfgsf/l u/fpg rfxg5f} +.!!= sdkgl tyf To;sf] ;xfos sdkgln] cfly{s jif{df ;DkGg u/]sf] k d'v sf/f]af/ / ;f] cjlwdf sdkglsf] sf/f]af/df cfpsf] s'g} dxtjk"0f{ c;f/sf] cgtodf PgcfO{aLPn Soflk6n dfs]{6\; lnld6]8sf] g]kfn OGe]i6d]06 a}+ssf ljlegg vftfdf?=! s/f]8 ## nfv lgif]k /x]sf] lyof]. ;f]xl cjlwdf a}+sn] s/f]8 #$ nfv Aofh e'qmfgl u/]sf] lyof]. c;f/ df;fgtdf P; Soflk6n lnld6]8sf] g]kfn OGe]i6d]06 a}+ssf ljlegg vftfdf?=!& s/f]8 *$ nfv lgif]k /x]sf] lyof]. ;f]xl cjlwdf a}+sn] sdkglnfo{?= %& xhf/ Aofh e'qmfgl u/]sf] lyof]. a}+ssf Ps hgf sd{rf/lnfo{ PgcfOaLPn Soflk6n dfs]{6\; lnld6]8sf] k d'v sfo{sf/l clws[tsf]?kdf lgo'qm ul/psf] 5. ;dliff jif{df sdkgln] lghnfo{ kfl/>ldssf]?kdf s"n?=!@ nfv ^) xhf/ e'qmfgl u/]sf] 5. a}+sn] PgcfOlaPn Soflk6n dfs]{6\; lnld6]8nfo{ Joj:yfksLo ;]jfsf ;fy;fy} cgo cfjzos ;xof]u pknaw u/fpg sdkgl;fu ;]jf :t/lotf ;Demf}tf (Service Level Agreement) u/]sf] 5. o; ;]jf afkt a}+sn] sdkglaf6 jflif{s?= ^ nfv k fkt ug]{ u/]sf] 5. a}+sn] PgcfOlaPn Soflk6n dfs]{6\; lnld6]8nfo{ cfkmgf] z]o/ /lhi6«f/sf]?kdf lgo'qm u/]sf] 5. o; ;]jfsf] nflu a}+sn] sdkglnfo{ jflif{s? % nfv z'mns e'qmfgl ug]{ u/]sf] 5. z]o/ /lhi6«f/ ;]jf ;DaGwL sfo{df ;xof]u ug{sf nflu o; a}+ssf Pshgf sd{rf/lnfo{ pqm sdkgldf lgo'qm ul/psf] 5. ;f] sd{rf/lsf] tna tyf eqf pqm sdkgln] a}+snfo{ ;f]wegf{ ug]{ u/]sf] 5. a}+sn] PgcfO{aLPn Do'r'cn km08 PgcfO{aLPn ;d[l4 sf]if! df lah k"fhlsf]?kdf?=!$ s/f]8 nufgl u/]sf] 5. To:t} a}+sn] PgcfO{aLPn Do'r'cn km08pgcfo{alpn k utl sf]if! df?!) nfv nufgl u/]sf] #! cf} + jflif{s k ltj]bg

17 a}+sn] PgcfOlaPn Soflk6n dfs]{6 lnld6]8af6?! s/f]8 nfv nfef+z :j?k k fkt u/]sf] 5. ;fy} a}+sn] ;xfos sdkgln] Joj:yfkg u/]sf] z]o/ lgisfzgx?df a}+lsë ;]jf k bfg u/] jfkt? $%=$) nfv ;]jf z'mns k fkt u/]sf] 5. a}+s / PgcfOlaPn Soflk6n dfs]{6 lnld6]8 alrsf] sf/f]af/ c;da4 kifalrsf] sf/f]af/ (Arm's Length Basis) sf]?kdf ug]{ ul/psf] 5. a}+sn] sf8{ Joj;fo tyf df]afo{n a}+lsë sf/f]jf/ lj:tf/sf nflu Flexiterm Pvt. Ltd. tyf M Nepal Ltd. df s dzm?= *@=** nfv s/f]8 a/fa/sf] z]o/ nufgl u/]sf] 5. o;} u/l a}+sn] n3'ljq sf/f]jf/ ug{sf] lgldt g]zgn dfo{qmf]kmfogfg; sdkgl s/f]8 %) nfv a/fa/sf z]o/ k"fhl nufgl u/]sf] 5.!@= ljut cfly{s jif{df sdkglsf] cfwf/e"t z]o/wglx?n] sdkglnfo{ pknaw u/fpsf] hfgsf/lm s]xl gepsf].!#= ljut cfly{s aif{df sdkglsf ;+rfns tyf kbflwsf/lx?n] lnpsf] z]o/sf] :jfldtjsf] ljj/0f / sdkglsf] z]o/ sf/f]af/df lghx? ;+nug /x]sf] ep ;f] ;DaGwdf lghx?af6 sdkgln] k fkt u/]sf] hfgsf/l M s]xl gepsf].!$=ljut cfly{s jif{df sdkgl ;+u ;DalGwt ;Demf}tfx?df s'g} ;+rfns tyf pglx?sf] glhssf] gft]bf/sf] JolQmut :jfy{sf af/]df pknaw u/fopsf] hfgsf/lsf] Joxf]/f M o; k sf/sf] s'g} ;Demf}tf gepsf].!%=sdkgln] cfkm\gf] z]o/ cfkm} vl/b u/]sf] ep To;/L cfkm\gf] z]o/ vl/b ug'{sf] sf/0f, To:tf] z]o/sf] ;+Vof / c+lst d"no tyf To;/L z]o/ vl/b u/] jfkt sdkgln] e'qmfgl u/]sf] /sdm ;dliff jif{df cfkm\gf] z]o/ vl/b ug]{ sfo{ gepsf].!^= cfgt/ls lgogq0f k 0ffnL ep jf gepsf] / epsf] ep ;f] sf] lj:t[t ljj/0fm a}+s ;+rfns ;ldltn] g]kfn /fi6«a}+saf6 hf/l lgb]{zg tyf sdkgl P]gsf] k fjwfgsf] clwgdf /xl n]vfk/lif0f ;ldlt, hf]lvd Joj:yfkg ;ldlt, sd{rf/l ;]jf ;'ljwf ;ldlt / ;DklQ z'4ls/0f lgjf/0f ;DaGwL ;ldlt u7g u/]sf] 5. ol ;ldltx?sf] a}7s cfjlws?kdf a:g] ub{5 / lgb]{zgdf epsf Joj:yf cg';f/ ;ldltx?n] cfkm\gf sfd / lhdd]jf/l k'/f ub{5g\. cg'ejl n]vfk/lifssf] dftxtdf /xg] u/l a}+sdf Ps :jtgq cfgtl/s n]vfk/lif0f ljefu /x]sf] 5. o; ljefun] n]vfk/lif0f ;ldltsf] k ToIf lgu/fgl / /]vb]vdf sfd ub{5 / ;ldlt ;dif cfkm\gf] k ltj]bg k]z ub{5. cfgtl/s n]vfk/lif0fsf] sfo{nfo{ ;3fpg a}+sn] cfjzostf cg';f/ s'g} ljifodf yk ;dliff ug'{ k/]df afx\o n]vfk/lif0f kmd{x?sf] ;d]t ;]jf lng] u/]sf] 5. o;sf] ;fy} a}+sdf Ps 5' } cg'kfngf ljefu klg /x]sf] 5, h;n] cfgtl/s lgod tyf ljlgodfjnlsf ;fy} afxo lgod tyf ljlgodfjnl kfngf eo{/x]sf] ;'lglzrt ub{5. #! cf} + jflif{s k ltj]bg 15

18 a}+sn] hf]lvd klxrfg tyf Go"gLs/0f ug{ hf]lvd Joj:yfkg ljefu :yfkgf u/]sf] 5. ;+:yfel/ g} k efjsf/l cfgtl/s lgogq0f sfod ug{sf nflu a}+sn] ljlegg gllt, lgb]{zg tyf k lqmofx? th'{df u/l cjndag u/]sf] 5. k To]sh;f] hf]lvdk"0f{ If]qx?df r]s PG8 Aofn]G;Ú k 0ffnL sfof{gjog u/]sf] 5. o:tf gllt, lgb]{zg tyf k lqmofx? cbfjlws x'g] / hf]lvd klxrfg / lg/fs/0f x'g] ;'lglzrt ug{ loglx?sf] cfjlws ;dliff tyf k'g/fjnf]sg ug]{ ul/psf] 5. s_ hf]lvd Joj:yfkg ;ldlt M o; ;ldltsf] ;+of]hstjdf u}/sfo{sf/l ;+rfns >L e'jg]zj/ k ;fb zfx /xg' epsf] 5. o;sf cgo ;b:ox?df ;~rfns >L df]xgdbg a'9fyf]sl ;+of]hsn]vfk/lif0f ;ldlt_, >L k hgo /fhe08f/l ;+rfns_, >L lah]gb ;'jfn k d'v ;+rfng_, / >LdtL ;'hftf hf]zl k d'v hf]lvd Joj:yfkg_ /xg' epsf] 5. o; ;ldltsf] a}+ssf] ;du hf]lvd Joj:yfkg ;+/rgf x]g]{ / hf]lvd Joj:yfkg k 0ffnLsf] k efjsfl/tfsf] ;dliff tyf cg'udg ug{] lhdd]jf/l 5. v_ sd{rf/l ;]jf ;'ljwf ;ldltm a}+ssf] u}/sfo{sf/l ;+rfns >L k hgo /fhe08f/lsf] ;+of]hstjdf a}+ssf sd{rf/l ;DaGwL gllt lgdf{0f tyf of]hgf th'{df ug]{ p2]zon] sd{rf/l ;]jf ;'ljwf ;ldlt u7g ul/psf] 5. o; ;ldltsf cgo ;b:ox?df >L ;"o{ k sfz nfn >]i7 ;+rfns_, >LdtL l8gf nfdf sf=d'= k d'vdfgj ;+zfwg_ / >L ;lrg l6a8]jfn k d'vn]vf tyf ljq_ /xg'epsf] 5. ;ldlt a}+ssf] nflu pko'qm dfgj ;+zfwg gllt th'{df ug{ / ;f]sf] ;do ;dodf k'g/fjnf]sg u/l o;nfo{ ;do;fk]if tyf :t/lo /fvg lhdd]jf/ 5. u_ n]vfk/lif0f ;ldlt M o; ;ldltsf] sfd sf/jfxl / ;+/rgf o; k ltj]bgsf] a"fbf g+=!* df pnn]v ul/psf] 5. 3_ ;DklQ z'4ls/0f lgjf/0f ;DaGwL ;ldlt M a}+ssf] u}/sfo{sf/l ;+rfns >L ;"o{ k sfz nfn >]i7sf] ;+of]hstjdf d'b f lgd{nls/0f tyf ;DklQ z'4ls/0f lgjf/0f ;DaGwL If]qdf cfazos gllt lgod agfo{ ;f]sf] cg'udg ug]{ k d'v p2]zosf ;fy ;DklQ z'4ls/0f lgjf/0f ;DaGwL ;ldlt u7g ul/psf] 5. o; ;ldltsf cgo ;b:ox?df >L k hgo /fhe08f/l ;+rfns_, >L lagf]b uf'/fuf+o{ ;+rfns_, >LdtL ;'hftf hf]zl k d'v hf]lvd Joj:yfkg_ / >LdtL agbgf yfkf k d'v cg'kfngf_ /xg' epsf] 5.!&= ljut cfly{s jif{sf] s"n Joj:yfkg vr{sf] ljj/0fm sd{rf/l vr{ M ;+rfng vr{m s"nm?= ^^ s/f]8 %* nfv?= ^( s/f]8 (& nfv?! ca{ #^ s/f]8 16 #! cf} + jflif{s k ltj]bg

19 !*=n]vfk/lif0f ;ldltsf ;b:ox?sf] gfdfjnl, lghx?n] k fkt u/]sf] kfl/>lds, eqf / ;'ljwf, ;f] ;ldltn] u/]sf sfd sf/afxlsf] ljj/0f / ;f] ;ldltn] s'g} ;'emfj lbpsf] ep ;f] sf] ljj/0fm ;dliff cjlwdf a+}ssf] u}/ sfo{sf/l :jtgq ;+rfns >L df]xgdbg a'9fyf]slsf] cwoiftfdf ul7t n]vfk/lif0f ;ldltdf ;+rfns >L lg/~hg nfn >]i7 ;b:o tyf a}+ssf] cfgtl/s n]vfk/lif0f ljefu k d'v >L cld/ e /fo{ ;ldltsf] ;b:o ;lrj /xg'epsf] 5. ;ldltn] a}+ssf] ljqlo l:ylt, cfgtl/s lgogq0f tyf hf]lvd Joj:yfkg k 0ffnL, j}wflgs tyf lgodgsf/l cg'kfng / n]vfk/lif0f sfo{qmd cflb af/] lgoldt ;dliff ug]{ ub{5. cfgtl/s tyf afx\o n]vfk/lif0f k ltj]bg / g]kfn /fi6«a}+ssf] lg/lif0f k ltj]bgx? dfly lj:t[t 5nkmn / ;dliffkl5 ;ldltn] a}+s ;+rfng ;DalGw cfjzos ;'emfjx? lgoldt?kdf ;+rfns ;ldltnfo{ k bfg ug]{ ub{5. ;dliff cjlwdf n]vfk/lif0f ;ldltsf!% a}7sx? a;]sf lyp. ;ldltsf] a}7s eqf afkt k lta}7s k lt;b:o ;+rfnsnfo{?=!@,))) k bfg ul/g5. cfly{s &$ df n]vfk/lif0f ;ldltsf] a}7sdf 5nkmn ul/psf k d'v ljifox? tn pnn]v ul/p cg';f/ 5g\ M!= zfvf tyf ljefux?sf] ;fy} zfvf Joj:yfks / ljefulo k d'vx?sf] hjfkm / cg'kfngf l:yltsf] af/]df cfgtl/s n]vfk/lif0f k ltj]bgx?pk/ ;dliff / a}+ssf] q}dfl;s ljqlo cj:yfsf] ljzn]if0f #= cfgtl/s n]vfk/lif0f ljefusf sfo{qmdx?sf] ;dliff Pj+ 5nkmn. $= a}+ssf] d'vo sfof{no tyf ;a} zfvfdf /x]sf gub tyf gub of]uo pks/0fx?sf] ef}lts hffrsf k ltj]bg. %= afx\o n]vfk/lif0f k ltj]bg tyf g]=/f=a}+ssf] ;'kl/j]if0f k ltj]bgdfly 5nkmn / ;'wf/sf nflu cfjzos gllt lgb]{zg. ^= cgo.!(=;+rfns, k agw ;+rfns, sfo{sf/l k d'v jf sdkglsf cfwf/e"t z]o/wglx? jf lghx?sf glhssf gft]bf/x? jf lghx? ;+nug /x]sf] kmd{, sdkgl jf ;+ul7t ;+:yfn] sdkglnfo{ s'g} /sd a'emfpg affsl ep ;f] s'/fm s]xl k jgw ;+rfns, sfo{sf/l k d'v tyf kbflwsf/lx?nfo{ e'qmfgl ul/psf] kfl/>lds, eqf tyf ;'ljwfsf] /sdm o;} k ltj]bgsf] cg';"rl æsæ cg';f/. #! cf} + jflif{s k ltj]bg 17

20 @!= z]o/wglx?n] a'lemlng affsl /x]sf] nfef+z /sdm a}+sn] 3f]if0ff u/]sf] nfef+zdwo] cfly{s &$ sf] cgto;dd z]o/wglx?af6 bfal gcfpsf] /x]sf] 5. sf] bkmf!$! cg';f/ vl/b jf laqml ul/psf] ;DklQsf] ljj/0fm ;dliff jif{df o;k sf/sf] s'g} v/lb laqml epsf] sf] bkmf!&% cg';f/ ;Da4 sdkglx?alr epsf] sf/f]af/sf] ljj/0fm o;} k ltj]bgsf] a"fbf g+=!! df rrf{ ul/psf] tyf k rlnt sfg"gadf]lhd ;+rfns ;ldltsf] k ltj]bgdf v'nfpg'kg]{ cgo s'g} s'/fx?m o; jflif{s k ltj]bgdf ;fgble{s 7fpFdf v'nfo{psf] s'/fx?m s= o; a}+ssf] ;+rfns jf kbflwsf/lx?sf] glhssf] gft]bf/ >L sdkgl /lhi6«f/sf] sfo{fno, lwtf]kq af]8{ jf g]kfn /fi6«a}+sdf sdtldf clws[t txdf sfo{/t /x]sf] ;DjlGw ljj/0f M s]xl gepsf]. v= cfly{s )&$ sf] cjlwdf goff zfvf, ptkfbg tyf ;]jfx?m zfvf ;~hfnm a}+sn] o; cfly{s aif{df 8f]6L lhnnfsf] lbkfondf tyf c5fd lhnnfsf] j6f g+of zfvf vf]n]sf] 5. P; 8]enkd]06 a}+snfo{ k fktl u/] kzrft\ pst a}+ssf!@ j6f zfvf tyf! PS;6]G;g sfp06/ ;d]t o; a}+ssf zfvf ;+hfndf yk eo{ cfiff9 d;fgtdf o; a}+ssf s"n ^! j6f+ zfvf tyf # j6f PS;\6]G;g sfp06/ k'u]sf 5g\. To;} u/l P; 8]enkd]06 a}+saf6 k fkt!@ j6f Pl6Pd ;lxt o; a}+ssf Pl6Pd ;+Vof (* j6f k'u]sf 5g\. Debit/Credit sf8{m o; aif{ b]lv xfdln] Pl6Pd tyf POS d]l;g b'a}df k of]u ug{ ;lsg] u/l cfkm\gf] sf8{ ;+hfndf df:6/ sf8{sf] ;]jf ;d]t ;+rfngdf NofPsf 5f}+. o;af6 xfd f=sf8{ ;]jf yk la:tf/ x'g uo{ u fxsju{df yk ;'ljwf k'ug upsf] 5. o;} u/l xfd f] le;f P;f]l;P6 ;+hfndf g]kfn a}+s ln= tyf d'lqmgfy ljsf; a}+s ln= klg ;b:osf]?kdf cfj4 epsf 5g\. o;af6 xfd f] le;f ;b:osf] ;+Vof!! k'u]sf] 5. xfdln] sf8{ Aoj;fodf ljzj ljvoft 8f6f ;'/Iff dfkbg8 PCI DSS (Payment Card Indusrty Data Security Standard) #=@ ;+:s/0f k df0fls/0f k fkt u/]sf 5f}+ h;n] xfd f sf8{sf] 8f6fnfO{ yk ;'/lift agfpsf] 5. To;} u/l xfdln] xfd f] sf8{ ;]jfnfo{ yk l56f], 5l/6f] tyf k efjsf/l 306] Help Desk z'? u/]sf 5f}+. 18 #! cf} + jflif{s k ltj]bg

21 /fhzj ;+sngm ;j{;fwf/0fnfo{ ;/sf/l /fhzj ;+sngdf ;'ne ;]jf k bfg=ug]{ p2]zo x]t' pnn]lvt cf=j=df o; a}+sn]!! j6f oftfoft Joj:yf sfof{nox?df cfkm\gf] sfpg6/ /fvl pqm sfof{no;+u ;DalGwt /fhzj ;+sngsf] goff ;]jf z'? u/l ;xh?kdf /fhzj ;+sngsf] yfngl u/]sf 5f}+. ljb't dx;'n e'qmfgl M Uf fxsju{sf] ;'ljwf x]t' o; a}+sn] g]kfn ljb't k flws/0fsf] ljb't dx;"n ;+sng sfo{sf] nflu ;d]t ;Demf}tf u/l dfl;s ljb't dx;'n a}+saf6} e'qmfgl ug{ ;Sg] Joj:yfsf] z'?jft u/]sf 5+. ljk ]if0fm xfdln] d'n'sdf ljk ]if0f leq\ofpg] k of]hgsf nflu Xoom Remittance (Paypal Inc), USA tyf Alsultan Exchange, Kuwait ;Fu ;dembf/lkqdf x:tfif/ u/]sf 5f}F. cfiff9 d;fgt;dddf d'n'se/ xfd f :yfglo ljt/0f Ph]G6x? k ToIfdf!,^&) / ck ToIfdf &,))) u/l ;+Vof *,^&) k'u]sf] 5. qm]l86 /]l6ëm ljut jif{x?df em}+ o; jif{ klg a}+sn] cfoqmf g]kfnaf6 PÚ /]l6ª k fkt u/]sf] 5. o;n] xfd f] dha"t ljzj;glotf bzf{pg'sf] ;fy} lgodgstf{ / z]o/wglx? ;dif a}+ssf] yk kf/blz{tf k blz{t epsf] 5. u= efjl of]hgfx? cfufdl jif{x?df a}+sn] ;+efjotfsf] cwoog u/l b"/b/fh;dd j}+ssf] ;]jf lj:tf/ ug]{ p2]zon] ljlegg u fdl0f e]udf ;d]t zfvfx? Vff]nL cfkm\gf] zfvf ;+hfnsf] lj:tf/ ug]{ tyf ;j{;fwf/0fnfo{ ;j{;'ne ;]jf k bfg ug]{ of]hgf agfpg'sf ;fy} lgodgsf/l lgsfosf] lgb]{zg cg';f/ k b]zdf ;d]t cfjzos ;+Vofdf zfvf la:tf/ ug]{ of]hgf agfpsf] 5. a}lsë If]q tyf Aofkfl/s hutsf] cfjzostf cg';f/ goff goff ptkfbg tyf ;]jfx?sf] z'?jft ug]{ of]hgf agfpsf 5f}+ h;n] ubf{ xfd f] u fxs ;+Vofdf a[l4 eo{ Go"g nfut lgif]k a9\g d2t k'ug'sf cnfjf b]zs} cfly{s hutsf] ptyfgdf ;xof]u k'ug] ljzjf; lnpsf 5f}+]+. hf]lvd Joj:yfkg k 0ffnL / shf{, t/ntf tyf ;~rfng;fu ;DaGwL hf]lvd Go"gLs/0f ug]{ ceof; dha"t agfpg] / ;f]sf] :t/f]gglt ug{ hf]lvd Joj:yfkg k 0fnLnfO{ yk dha't ug]{ sf/afxl z'? ul/ ;s]sf 5f}+. ljqlo ;dfj]zls/0f of]hgfsf] dfwodaf6 u fdl0f e]usf hgtfnfo{ ;d]t ;dfj]z u/]/ u fxs kf]6{kmf]lnof]df ljljlwtf Nofpg]. yk tflndsf] Joj:yf, ;d"x lgdf{0f ultljlw, j[lq ljsf;sf] If]qdf yk cu ;/ u/fo{ a}+ssf] dfgj ;+;fwfgsf] biftf, ;Lk / ptkfbstj a9fpg]. z'mnsdf cfwfl/s cfo a9fpgsf nflu cfdbfglsf] goff If]q klxrfg ug] {. P6LPd, O{a}+lsË, df]afon a}+lsë, POS d]lzg / cgo 8]lne/L Rofgnsf] dfwodaf6 goff d"no clea[l4 ;]jf ykg]. #! cf} + jflif{s k ltj]bg 19

22 cgtodf, ljsf; /0fgLlt / u'0f:t/lo ;]jfx?sf] cg';/0f ub}{ d'n'ss} zlif{ a}+ssf?kdf cfkm"nfo{ :yflkt ug{ a}+s lg/gt/?kdf k of;/t / k lta4 /x]sf] s'/fdf klg d oxffx?nfo{ cfzj:t t'nofpg rfxg5'. 3= dfgj ;+zfwgm u fxsx?nfo{ pts[i6 ;]jf k bfg ug{ tyf a}+ssf] p2]zo xfl;n ug{ dfgj ;+zfwgsf] k efjsf/l Joj:yfkg k"j{zt{ xf] egg] s'/f xfdln] /fd /L dgg\ u/]sf 5f}F. pts[i6, ;Ifd tyf /fd f tflnd k fkt sd{rff/lx? a}+ssf cd"no ;DklQ x'g\. sd{rf/lx?sf] Ifdtf tyf af}l4stfn] ;+u7gsf] k efjsfl/tfdf k efj kfg]{ x'fbf /fd f tyf ;Ifd dfgj ;+;fwgsf] lgdf{0fsf nflu a}+sn] ;f]xl cg';f/sf] cfjzos nufgl klg ub}{ cfo{/x]sf] 5. xfdl;fu clxn] a}+ssf] d"no, dfgotf / cleofg k lt k lta4!,!*& hgf sd{rf/lx? 5g\, h;dwo] $% k ltzt dlxnf 5g\. pglx?n] xfd f u fxsx?nfo{ ttsfn ljzj;glo ;]jf lbg] niosf ;fy ;'dw'/ jftfj/0fdf sfo{ ;Dkfbg ul//x]sf 5g\. ;+:yfdf!) jif{egbf nfdf] cjlw;dd ;]jf ug]{ sd{rf/lsf] ;+Vof #&( k'lu;s]sf] 5. xfdln] ljzjfl;nf] / ;xof]ul jftfj/0fdf sfd ug]{ ;+:sf/sf] ljsf; u/]sf 5f}F. tlj ahf/ k lt:kwf{;fu ult sfod ub}{ Jofj;flos a[l4 xfl;n ug{ lg/gt/ cwoog / Ifdtf a[l4 dxtjk"0f{ x'g5. ;dliff jif{df!,!#! sd{rf/lx?n] k]zfut ljsf; cj;/sf nflu cfof]lht!)! tflnd tyf uf]i7ldf efu lnpsf lyp. h;df KYC/AML cg'kfng, s:6d/ l/n];glzk d]g]hd06, Ol06u ]6]8 6«]h/L Joj:yfkg, ;'/lift shf{ tyf shf{ c;'nl, ljb'tlo sf/f]jf/ tyf ;"rgf k ljlw ;'/If0f, a}+lsë ck/];g;\, dfoqmf];k\m6 PS;n, gf]6 kl/if0f, a}+lsë If]q;+u ;DalGwt r'gf}tl / d'2f, UCPDC ^)) k d'v x'g. ;fy} JolStTj ljsf;sf nflu of]u tyf v]ns"b ;DaGwL cgo sfo{qmdx?sf] klg cfof]hgf ul/psf] lyof]. dfgj k"fhlsf] u'0f:t/ ;'wfg]{ s'g} klg nufgl cgttm ;+:yfsf] a[l4 / z]o/wglx?sf] d"no a9fpg] s'/fdf xfdl ljzjff; ub{5f}+. o; jif{ b]lv g]kfn /fi6«a}+sn] ut jif{sf] s"n sd{rf/l vr{sf] tlg k ltztn] x'g] /sd sd{rf/lsf] tflnd tyf a[l4 ljsf;df vr{ ug'{kg]{ Joj:yf u/]sf] 5. a}+sn] sd{rf/lsf] tflnddf o; jif{?=*( nfv!) xhf/ vr{ u/l g]kfn /fi6«a}+sn] u/]sf] Joj:yf cg';f/ vr{ x'g g;s]sf] /sd?= *! Nffv *@ xhf/sf] sf]if v8f u/]sf] 5. ª= ;fdflhs tyf ;fd'bflos sfo{x? (CSR) M cfk"m h'g ;dfhdf /x]sf] xf] Tof] ;dfhk lt x/]s ;+3 ;+:yfsf] s]xl g s]xl bflotj x'g5. ;dfhdf /x]sf ;dflhsz}lifs ;+:yf, k/f]ksf/l ;+:yf, d7dlgb/, c:ktfn, v]ns'b / cgo ;fdflhs lxtsf ;+:yfx?nfo{ bfg tyf ;xof]u u/]/ of] bflotj jxg ug{ ;lsg5 egg] xfd f] dfgotf 5. o; afx]s klg ul/al, clziff, ctoflws hg;+vof, jftfj/0flo x f;, df]km;nsf o'jfx?nfo{ u fdl0f pbd tkm{ cfslif{t u/l a]/fhuf/l nufotsf ;d:of ;dfwfgdf ;xeful ep/ klg ;fdflhs bflotj lgjf{x ug{ ;Sb5. oxl tyonfo{ Åboªud u/]/ cfkm\gf] gfd klg k rfl/t eo{ a}+ssf] Joj;fo clea[l4 x'g] x'fbf o; a}+sn] cfk\mgf] :yfkgfsfn b]lv g} ;fdflhs tyf ;fd'bflos sfo{ ub}{ cfpsf] #! cf} + jflif{s k ltj]bg

23 a}+sn] o; jif{ klg /fli6«o ;Dkbfsf ;+/If0f sfo{nfo{ lg/gt/tf lbpsf] 5. ljzj ;Dkbf ;"rldf ;'lrs[t ;fnsf] dxfe'sdkaf6 k efljt xg'dfg9f]sf b/jf/ If]qdf cjl:yt huggfy tyf uf]lkgfy dlgb/sf] k'gmlgdf{0fdf a}+sn] ljlgof]hg u/]sf]?! s/f]8 dwo]? %) nfv o; cf=j=df k bfg u/]sf] 5. a}+sn] ;dliff cjlwdf kz'klt If]q ljsf; sf]if cgtu{tsf] dxf:gfg 3/nfO{ k'gmlgdf{0f tyf dd{t ;+ef/ u/l kz'klt ;+u xfnosf]?kdf ljsf; ug]{ p2]zon] ;f] sfo{ tlg jif{ leq ;DkGg ug]{ of]hgf :j?k hddf /sd? # s/f]8 ljlgof]hg dwo]?! s/f]8 o; cf=j=df k bfg u/]sf] 5. ljzj ;Dkbf ;"rldf ;"rls[t kz'klt If]qsf] ;+/If0f / ljsf;df k' ofpsf] pqm d2tn] ljzj ;Dkbf ;"rldf /x]sf] pst :yfgsf] ;fv sfod /xg'sf ;fy} ko{6snfo{ yk cfslif{t ug{ d2t k'ul o; sfo{af6 ko{6g pbf]udf ;d]t 6]jf k'ug] ck]iff u/]sf 5f}+. To;} u/l ;f+:s[lts If]qdf ;xof]u ug]{ cfkmgf] ;+:yfut ;fdflhs pq/bflotj cgtu{t ljzj ;Dkbf ;"rldf ;'rls[t nlntk'/sf] kf6gdf cjl:yt efo{b]um dlgb/nfo{ ut jif{df em} o; jif{ klg?!) nfv k bfg u/]sf] 5. cfhsf o'jf g} ef]lnsf s0f{wf/ tyf b]z ljsf;sf d]?b08 epsf]n] loglx?sf] af}l4s ljsf;n] eljiodf b]z lgdf{0fdf lgs} dxtjk"0f{ e'ldsf v]ng]df s;}sf] b'o{dt x'g ;Sb}g. log} o'jf cg'ejl ep/ eljiodf b]zsf] ljsf;df 7"nf] of]ubfg k' ofpf5g\. t;y{ o; If]qdf xfd f] ;fgf] k of; :j?k s]lx o'jfnfo{ :gfts cwofogsf nflu?!@ nfv k bfg u/]sf 5f}+, o;n] tl o'jfx?nfo{ prrf lziff xfl;n ug{ s]lx of]ubfg ug]{ ljzjf; a}+sn] lnpsf] 5. a}+sn] df]km;nsf g]kfnl o'jfx?nfo{ u fdl0f pbd tkm{ cfslif{t u/l a]/fhuf/l nufotsf ;d:of ;dfwfgsf p2]zon] kfnkfdf u fdl0f pbdsf] nflu?!) nfv k bfg u/]sf] 5. cfh ljzjel/ g} dlxnfx? x/]s If]qdf k lt:kwl{?kdf cufl8 cfo{/x]sf 5g\. dlxnfx?sf] ljsf; lagf b]zsf efjl ;Gt\tLsf] lasf; sl7g x'g] x'+bf g]kfnsf dlxnfx?nfo{ cftdflge{/ agg clek ]l/t ug{sf nflu a}+sn] ljlegg k lti7fgnfo{ ljqlo tyf ef}lts ;xof]u k bfg ub}{ cfpsf] 5. g]kfnl snf tyf snfsf/sf] k j4{gsf] sfo{df sl6j4 ep/ nfu]sf] u}/d'gfkmfsf/l ;+:yf g]kfn snf kl/ifb\nfo{ g]kfnl snfsf ljlegg If]qdf sfd ug{, cufl8 a9\g / pts[i6tf xfl;n ug{ ;xof]u ug]{ nfv k bfg ul/psf] 5. To;} u/l ;f+:s[lts If]qnfO{ ;xof]u ug]{ p2]zon] ldq /fi6«k mfg;sf] kxndf :yflkt k mfg;]nl s]gb Alliance Francaise nfo{?= * nfv ;xof]ufy{ k bfg ul/psf 5. z}lifs If]qdf /x]sf] c;dfgtfnfo{ x6fpg] p2]zon] ljzjljbfnoaf6 :gfts u/]sf o'jfx?sf] cu ;/tfdf ljbfnox?df u'0f:t/lo :t/sf]cwofkg u/fpg clek ]l/t ug] {p2]zon]teach For Nepal egg] ;+:yfnfo{?= * nfv k bfg ul/psf] 5. To:t}u/L, a}+sn] /fli6«o elnannfo{ k fof]hg ug'{sf] ;fy} b]zsf] k d'v /Ifs ;+:yf g]kfnl ;]gfsf jxfnjfnf tyf ;]jf lgj[q ;b:oxsf] cfo cfh{gdf a[l4 ug]{ pb]zon] lghx?sf] ;Lk ljsf;sf nflu ;Lkd"ns tflnd nufotsf sfo{qmdx?nfo{ cfly{s ;xfotf pknaw u/fp/ klg cfkm\gf] ;dflhs pq/bflotj k"/f ug]{ k of; u/]sf] 5. ;fy} ;dfhdf /x]sf ;':t dgl:ylt JolStx?sf] kifdf #! cf} + jflif{s k ltj]bg 21

24 ;sf/ftds wf/0ffsf] lasf; ug{] / pglx?df cgt/lglxt ;Lk / biftf k :km'6g x'g] jftfj/0f ;[hgf ug{ cfly{s ;xof]u k'/\ofpsf] 5. a}+sn] k bfg ug]{ o:tf ;xof]un] Psflt/ ;fdflhs pq/bflotj k'/f ub{5 eg] o;af6 a}+ssf] Joj;fo klg k j4{g x'gk'ub5. r= ;+:yfut ;'zf;gm s'g} klg ;+:yfsf] ;kmntf d"n?kdf To; ;+:yfn] cjndag ug]{ s'zn ;+:yfut ;'zf;gsf ceof;x?df lge{/ /xg5. of] tyo;fu g]kfn OGe]i6d]06 a}+s ;w}+ ;hu / ;r]t 5. To;}n] xfdln] g]kfn /fi6«a}+sn] hf/l ug]{ lgb]{zg, a}+s tyf ljqlo ;+:yf ;DaGwL sdkgl / lwtf]kq sf/f]af/ tyf cgo P]g lgoddf epsf Joj:yfx?sf] kfngf ub}{ cfpsf 5f}F. 5= cfkm\gf u fxs klxrfg (KYC) / d'b f lgd{nls/0f (AML): a}+sn] ;DklQ z'4ls/0f dgl nfpg8l/ë_ lgjf/0f o; ;DaGwL lgodfjnl tyf g]kfn /fi6«a}+sn] hf/l ug]{ ;DklQ z'4ls/0f lgogq0f;fu ;DalGwt lgb]{lzsfx?sf] kl/kfngf ub}{ cfpsf] 5. o;sf] ;fy} ;DklQ z'4ls/0f /f]syfd ug{ a}+ssf cfkm\g} gllt / lgodx? /x]sf 5g\. cfkm\gf u fxs klxrfg (KYC) / ;DklQ z'4ls/0fsf ljifodf cfk\mgf sd{rf/lnfo{ cbfjlws hfgsf/l lbg] p2]zo ;lxt a}+sn] lg/gt/ tflnd klg cfof]hgf ub}{ cfpsf] 5. oxl cg'?k a}+sn] cfk\mgf u fxsx?sf] ljj/0f cbfjlws gepdf lgoldt cgt/fndf ltglx?sf] KYC ljj/0f cbfjlws ug{ cg'/f]w ul//x]sf] wgojfb 1fkg M oyf;dod} n]vfk/lif0f ;DkGg u/l a}+snfo{ oyf]lrt Jofj;flos ;'emfj k bfg ug]{ afxo n]vfk/lifsnfo{ ;+rfns ;ldltsf] tkm{af6 xfdl xflb{s wgojfb lbg rfxg5f}+. lg/gt/ ;xof]u, k f]t;fxg / dfu{bz{g k bfg u/l a}+ssf] dgf]an prr /fvg ;xof]u ug]{ z]o/wgl dxfg'efjx?k lt xflb{s cfef/ tyf s[t1tf k s6 ug{ rfxg5f}+. To:t}, lg/gt/ ;xof]u / lgb]{zgsf] nflu xfdl g]kfn ;/sf/, cy{dgqfno, g]kfn /fi6«a}+s, g]kfn lwtf]kq af]8{, sdkgl /lhi6«f/nfo{ ;d]t wgojfb 1fkg ug{ rfxg5f}+. ;dk{0f / s8f kl/>daf6 a}+ssf] pgglt / k ultdf ;fy lbg] a}+s Joj:yfkg tyf sd{rf/lxnfo{ klg ljz]if wgojfb lbg rfxg5f}+. cgtodf, ;]jf ug]{ dxtjk"0f{ cj;/ k bfg ug]{ xfd f ;a} u fxsju{k lt klg xflb{s s[t1tf 1fkg ub{5f}+. pxffx?sf] k ]/0ffbfoL] ;xof]u lagf a}+ssf] pgglt / Jofj;flos a[l4 ;Dej lypg / 5}g. wgojfb. e'jg]zj/k ;fb zfx ;+rfns k[yjlaxfb'/ kff8] cwoif ldlt M c;f]h 22 #! cf} + jflif{s k ltj]bg

25 cg';"rl s dflysf] ;Fu ;DalGwt_ ;+rfns, sfo{sf/l k d'v tyf cgo kbflwsf/lx?nfo{ k bfg ul/psf] kfl/>lds, eqf tyf ;'ljwfsf] ljj/0f s= ;+rfnsx?m * o; a}+ssf] ;~rfns ;ldlt cfhsf] ldltdf b]xfo adf]lhd /x]sf] 5 M s_ >Lk[YjLaxfb/ kff8] v_ >Lk hgo /fhe08f/l u_ >L;"o{k sfznfn >]i7 3_ >Lsljs'df/ l6j/]jfnf ª_ >Llagf]bs'df/ u'/fuffo{ r_ >Le'jg]Zj/k ;fb zfx 5_ >Llg/~hgnfn >]i7 h_ >Ldf]xgdbg a'9fyf]sl cwoif ;+rfns ;+rfns ;+rfns ;+rfns ;+rfns ;+rfns ;+rfns ;+rfnsx?nfo{ tn n]lvpadf]lhd kfl/>lds, eqf tyf cgo ;'ljwfx? pknaw u/fopsf] 5 M s_ ;+rfns ;ldltsf] cwoifn] kfpsf] a}7s eqf tyf cgo ;'ljwfx?sf] /sd M? $,(&,%)) v_ ;+rfns ;ldltsf] cgo ;b:ox?n] kfpsf] a}7s eqf tyf cgo ;'ljwfx?sf] /sd M? #$,@^,))) v= sfo{sf/l k d'v tyf cgo kbflwsf/l Joj:yfksx?sf] jflif{s tna, eqf tyf ;'ljwfx??= xhf/df q+m= ;+ ljj/0f sfo{sf/l k d'v cgo sfo{sf/l kbflwsf/l Joj:yfks!= tnj ((,&* eqf!,)(,!@ &,$%,&* #= bz+} eqf!&,$)!,!),#) $= ;+ro sf]if (,(& #*,!@ %= ;+Vof! &) * # # a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!$!_ adf]lhd al9df & hgf ;+rfns /xg ;Sg] epsf]n] o;} ;fwf/0f ;efaf6 a}+ssf] lgodfjnldf cfjzos ;+zf]wg u/l ;+rfnssf] ;+Vof P]g adf]lhd ldnfg ul/g]. ;+rfns >Llbksdfg z]/rgho"n] )^ )! df /fhlgfdf lbo{ x6\g' epsf] / >Lsljs'df/ l6j/]jfnfho" )^ )! b]lv ;+:yfks z]o/wgl /fli6«o aldf sdkgl ln=af6 dgf]lgt x'g'epsf]. #! cf} + jflif{s k ltj]bg 23

26 sfo{sf/l k d'v / Joj:yfksLo k agws :t/sf sd{rf/l kbflwsf/lx?nfo{ tna tyf eqfsf] ;fy} lgdg ;'ljwf lbo{psf] 5 M!= sfo{sf/l k d'vsf] xsdf kfgl, lah'nl / 6]lnkmf]g dxz'nsf] e'qmfgl lan sfo{sf/l k d'vsf] xsdf ;jf/l rfns, O{Gwg tyf dd{t ;Def/ ;lxt ;jf/l ;fwg lbo{psf] 5 eg] Joj:yfksLo k agws :t/sf sd{rf/l kbflwsf/lx?sf] xsdf sd{rf/l ;]jf ljlgodfjnl / dfgj ;+zfwg glltdf Joj:yf ul/p adf]lhd. #= af]g;sf] ;DaGwdf af]g; P]g cg';f/. $= pkbfgsf] ;DaGwdf sd{rf/l ;]jf ljlgodfjnldf Joj:yf ul/p adf]lhd. %= hljg aldf, cf}ifwf]krf/ aldf, b'3{6gf aldf a}+ssf] sd{rf/l ;]jf ljlgodfjnl / dfgj ;+zfwg glltdf Joj:yf ul/p adf]lhd. ^= sfo{sf/l k d'vsf] nflu kqklqsfsf] Joj:yf ul/psf] 5. &= sfo{sf/l k d'vsf] nflu # hgf ;'/Iff uf8{ lbo{psf] #! cf} + jflif{s k ltj]bg

27 #! cf} + jflif{s k ltj]bg 25

28 26 #! cf} + jflif{s k ltj]bg

29 #! cf} + jflif{s k ltj]bg 27

30 ;fn cfiff9 #! ut] k"fhl tyf bflotj cg';"rl rfn' cf=j=?= ut cf=j=?= z]o/ *,&),^^,!!,&^) hu]8f tyf *,)*,!$,$*,$)! &,%*,!!,#(,*%& C0fkq tyf a08 #!,%%,)),)),)))!,%%,)),)),))) ltg{ affsl shf{ lgif]k bflotj %!,@%,^^,(#,%$,&#@!,)*,^@,^^,$!,(($ e'qmfgl lbg'kg]{ lanx ^!$,#*,^@,#)#!#,(#,!%,!*& k :tfljt cfos/ bflotj cgo bflotj s'n bflotj!,%),*!,*),##,%%$!,@(,&*,@&,)%,#!$ ;DklQ tyf hfoh]yf cg';"rl rfn' cf=j=?= ut cf=j=?= gub g]kfn /fi6«a}+sdf /x]sf] df}hbft (!!,#*,@%,!#,!($ &,&^,&#,@@,&($ a}+s ljqlo ;+:yfdf /x]sf] df}hbft!) dfu tyf cnk ;"rgfdf k fkt x'g] /sd!! shf{, ;fk6 tyf lan vl/b!#!,)$,^@,$*,)&,&!) *%,$^,!),%),(&^ l:y/ ;DklQ!$!,#),$#,)%,)*(!,)%,)$,$%,&^@ u}/ a}+lsë ;DklQ!% cgo ;DklQ!^!,##,%^,*%,#@! *^,(@,#$,^^* s'n ;DklQ!,%),*!,*),##,%%$!,@(,&*,@&,)%,#!$ ;+efljt bflotj cg';"rl!& ;+rfnsx sf] 3f]if0ff k"fhlsf]if tflnsf cg';"rl #) s_ hf]lvd efl/t ;DklQ ljj/0f tflnsf cg';"rl #) vª ;Dd_ k d'v ;"rsf+sx cg';"rl #! k d'v n]vf glltx cg';"rl #@ n]vf;dagwl l6kk0flx cg';"rl ## gf]6m! b]lv!& ;Ddsf cg';"rlx jf;nftsf clegg c+u x'g\. k[yjlaxfb'/ kff8] cwoif e'jg]zj/k ;fb zfx ;+rfns k hgo /fhe08f/l ;+rfns df]xgdbg a'9fyf]sl ;+rfns ;"o{k sfznfn >]i7 ;+rfns Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lg/~hgnfn >]i7 ;+rfns ;lrg l6a8]jfn k d'v n]vf tyf ljq n]vfk/lifs ;'Gb/dfg >]i7= Pkm= l;=p= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 28 #! cf} + jflif{s k ltj]bg

31 gfkmfgf]s;fg ;fn >fj0f! cfiff9 #! ut];dd b]lv ;Dd_ ljj/0f cg';"rl rfn' cf=j=?= ut cf=j=?=!= Aofh cfdbfgl!* @= Aofh vr{!( v"b Aofh cfdbfgl $,&*,$!,$^,&)$ #= sldzg tyf ^),$$,)),##& $= cgo ;+rfng #*,%!,*&,#$) #),%),$^,)&^ %= ;6xL 36a9 cfdbfgl s'n ;+rfng cfdbfgl %,#^,#*,!%,(%& ^= sd{rf/l ^^,%*,#(,!&$_ &= cgo ;+rfng ^(,(^,*%,!(!_ ^%,&(,!#,!)#_ *= ;6xL 36a9 gf]s;fgl ;Defljt gf]s;fgl Joj:yf cl3sf] ;+rfng d'gfkmf $,!#,^!,%#,%(( (= ;Defljt gf]s;fgl $#,^$,^$,*$&_ ;+rfng d'gfkmf u}/ ;+rfng cfdbfgl ;Defljt gf]s;fgl Joj:yfaf6 #%,*^,(),$*$ lgoldt sf/f]af/af6 epsf] d'gfkmf $,(),%&,*!,(*! c;fdfgo sf/f]af/x af6 epsf] d'gfkmf ;Dk"0f{ sf/f]af/ ;dfj]zkl5sf] v"b d'gfkmf $,)&,*!,(),((!!#= sd{rf/l af]g; Joj:yf #&,)&,$$,^#^_!$= cfos/ o; ut jif{;ddsf] #,%&,%&,)!(_ $,&#,&!,#$%_ :yug (Deferred) cfos/ cfdbfgl vr{_ &),!$,(^! v"b gfkmfgf]s;fg ;Ddsf cg';"rlx? gfkmf gf]s;fg lx;fasf clegg c+u x'g\. k[yjlaxfb'/ kff8] cwoif e'jg]zj/k ;fb zfx ;+rfns k hgo /fhe08f/l ;+rfns df]xgdbg a'9fyf]sl ;+rfns ;"o{k sfznfn >]i7 ;+rfns Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lg/~hgnfn >]i7 ;+rfns ;lrg l6a8]jfn k d'v n]vf tyf ljq n]vfk/lifs ;'Gb/dfg >]i7= Pkm= l;=p= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ #! cf} + jflif{s k ltj]bg 29

32 gfkmfgf]s;fg aff8kmff8 ;fn >fj0f! cfiff9 #! ut];dd b]lv ;Ddsf] ljj/0f cg';"rl rfn' cf=j=?= ut cf=j=?= cfdbfgl!= ut jif{;ddsf] ;+lrt o; jif{sf] d'gfkmf #= z]o/ lk ldodaf6 ;fl/psf] $= P; 8]enkd]06 a}+ssf] ;l~rt gfkmf @,%%,)*,*#,%^#!,$%,!!,)!,(^) hddf vr{!= ut jif{;ddsf] ;+lrt o; jif{sf] gf]s;fg #= ;fwf/0f hu]8f sf]if $= e}k/l cfpg] hu]8f %= ;+:yf ljsf; sf]if ^= nfef+z ;dls/0f sf]if &= sd{rf/l;dagwl hu]8fx *= k :tfljt nfef+z (= k :tfljt af]g; z]o/!)= ljz]if hu]8f sf]if!!= ;6xL 36a9 sf]if!@= k"fhl ;dfof]hg sf]if!#= C0fkq e'qmfgl sf]if!$= nufgl ;dfof]hg sf]if!%= ;fdflhs pq/bflotj sf]if (CSR Fund) (,#*,(**_ #,!!,$!,#!@_ %!,)!,&^,&!#_!,%@,#^,%&,)%*_!,$%,!!,)!,(^)_ $#,(@,&(*_ hddf $,^),)#,$#,#@)_ #,*),%$,$&,))!_ ;l~rt k[yjlaxfb'/ kff8] cwoif e'jg]zj/k ;fb zfx ;+rfns k hgo /fhe08f/l ;+rfns df]xgdbg a'9fyf]sl ;+rfns ;"o{k sfznfn >]i7 ;+rfns Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lg/~hgnfn >]i7 ;+rfns ;lrg l6a8]jfn k d'v n]vf tyf ljq n]vfk/lifs ;'Gb/dfg >]i7= Pkm= l;=p= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 30 #! cf} + jflif{s k ltj]bg

33 gub k jfx ;fn >fj0f! cfiff9 #! ut];dd ljj/0f rfn' cf=j=?= ut cf=j=?= s= sf/f]af/ ;+rfngaf6 gub k jfx!@,((,)*,%^,&*# %,%(,!!,(&,$$*_!= gub k fktl!),&$,(*,^),%^@ &,((,%^,($,%&@!=! Aofh cfdbfgl *,($,^&,^$,$%( ^,%$,$#,#!,!*^!=@ sldzg tyf l8:sfp06 cfdbfgl &%,&%,!@,)!( ^),$$,*!,*((!=# ljb]zl ljlgdo sf/f]af/af6 cfdbfgl ^@,!$,#!,%() %#,#@,^$,(@*!=$ ckn]lvt shf{sf] #,&*,^@&!=% cgo cfdbfgl $),)),!@,@($ gub e'qmfgl ^,(*,@%,&#,#(!_ Aofh sd{rf/l vr{ ^^,&^,%^,*#*_ sfof{no ;+rfng vr{ %#,*!,$$,**&_ cfos/ cgo vr{ sfo{ut k"fhl (Working Capital) ultljlw cl3sf] gub k jfx ;+rfng;dagwl rfn' ;DklQdf sdl a[l4_!= dfu tyf cnk ;"rgfdf k fkt x'g] /sddf sdl a[l4_ @= cgo cnksflns nufgldf sdl a[l4_!!,^),^$,#&,@#) &,)(,*#,*!,#((_ #= shf{ tyf lan; vl/bdf sdl a[l4_!(,#$,)@,@^,@@$_!(,)&,%&,%#,%@#_ $= cgo ;DklQdf sdl a[l4_ ##,)(,$#,&@*_ #*,!!,@&,&%@ ;+rfng;dagwl rfn' bflotjdf sdl_ a[l4!= lgif]k bflotjdf sdl_ ;l6{lkms]6 ckm l8kf]lh6df sdl_ a[l4 #= cnksflns ;fk6ldf sdl_ a[l4 (!,%%,@(^_!,@^,#^,&)@_ $= cgo bflotjdf sdl_ a[l4!$,%#,^$,(!@ %*,*#,%),)&*_ v_ nufgl sf/f]af/df gub k jfx!= bl3{sflns nufgldf sdl a[l4_ *,#%,^!,$(,%)$_ &,((,%#,(^,@^%_ &*,^),)%,@)(_ l:y/ ;DklQdf sdl a[l4_ $@,%*,)&,!&)_!#,!$,%#,^*!_ #= bl3{sflns nufgldf Aofh cfdbfgl $= nfef+z cfdbfgl ^,%),%#,(#!!,!@,$!,@&@ u_ ljqlo ; f]t sf/f]af/af6 gub k jfx!= bl3{sflns C0f a08, l8a]gr/ cflb_ df a[l4 sdl_!,##,)%,^@,)%#_ z]o/ k"fhldf a[l4 sdl_ $,)#,)),&$) (),(*,)(,!$% #= z]o/ lk ldoddf a[l4 sdl_ $,%$,#&,^#,#** $= g]kfn /fi6«a}+saf6 k fkt ;x'lnot k'gmshf{df a[l4 sdl_ %= nfef+z vr{!,#&,)*,^@,&(#_ #^,%%,*^,!&&_ 3_ k fktl sfo{af6 epsf] gub k jfx!,%^,&^,!@,(*) ª_ gub tyf a}+s df}hbftsf] ljlgdo b/df epsf] km/saf6 cfdbfgl vr{ r_ o; jif{sf] ;Dk"0f{ ultljlwaf6 gub k jfx $,*&,!&,%*,@)^!,@*,(@,!^,#)!_ 5_ gub tyf a}+sdf /x]sf] z' df}hbft!#,)@,%*,#!,(^%!$,#!,%),$*,@^^ h_ gub tyf a}+sdf /x]sf] clgtd df}hbft!&,*(,&%,(),!&!!#,)@,%*,#!,(^% #! cf} + jflif{s k ltj]bg 31

34 ljj/0f z]o/ k"fhl ;l~rt gf=gf]= ;fwf/0f hu]8f sf]if z]o/ lk ldod OlSj6Ldf epsf] &$ ;6xL 36a8 sf]if z'? df}hbft *,&),^^,!!,&^) #,!),$%,!),*%) &,$$,)%,%(^ cl3nnf] jif{sf] ;dfof]hg ;DklQ ;dfof]hg hu]8f nufgl ;dfof]hg hu]8f d'b f ;6xLdf km/s v"b gfkmf gf]s;fg cfjlws v"b gfkmf #,!!,$!,#!,!$) ;fwf/0f hu]8f s]fifdf /sdfgt/ ^@,@*,@^,@@*_ ^@,@*,@^,@@* hf/l z]o/ k"fhl $,)#,)),&$) vl08t z]o/jfkt hf/l z]o/ k"fhl k :tfljt k :tfljt af]g; z]o/!,#*,^),%^,*#)!,#*,^),%^,*#)_ d'b f ;6xL 36a9 sf]ifdf /sdfgt/ (,#*,(**_ (,#*,(** k"fhl ;dfof]hg sf]ifdf k"fhl ;dfof]hg sf]ifaf6 lkmtf{ C0fkq e'qmfgl sf]ifaf6 lkmtf{ C0fkq e'qmfgl sf]ifdf nufgl ;dfof]hg sf]if z]o/ lk ldodaf6 /sdfgt/!,#*,^),%^,*#)!,#*,^),%^,*#)_ k fktl af6 yk sd{rf/l tflnd sf]ifaf6 /sdfgt/ CSR km08 af6 /sdfgt/ #,!!,$!,#!@_ clgtd $,)%,#!,($,*(%!,&!,*$,%$,)@) &,^&,#@,&#) 32 #! cf} + jflif{s k ltj]bg

35 #! cf} + jflif{s k ltj]bg 33 kl/jt{g;dagwl ljj/0f (F/Y 2016/2017) cgo hu]8f tyf sf]if C0fkq e'qmfgl sf]if kf"hl ;dfof]hg sf]if nufgl ;dfof]hg sf]if k fktl hu]8f sd{rf/l tflnd sf]if CSR km08 s'n /sd #!,%)) ^^,%@,^#!!(,&(,%(@ *!,*@,##^!%,^&,!#* #,!!,$!,#!@ #,!!,$!,#!,!$) *!,*@,##^ #!,%)) (),&!,$@,*%%!@,(!,((,@)&!&,!#,%^,$@) &!,)!,!),!#%!,)!,(),^&* #,@&,)*,$%)!*,&),&*,*$,)(^

36 != z]o/ k"fhl z]o/, k"fhl tyf ;fn cfiff9df;fgt cg';"rl! ljj/0f rfn' cf=j=?= ut cf=j=?=!=!= clws[t k"fhl s_!%,)),)),))) ;fwf/0f z]o/ k ltz]o/?=!)) n]!=@= hf/l k"fhl s_ (,@$,)#,&**=^% ;fwf/0f z]o/ k ltz]o/?=!)) n] h;dwo]!,#%,^@,^*$ xsk b z]o/, ^,$@,#&,)%# af]g; z]o/, (),^(,#** goff z]o/ (FPO) / $(,#$,^^#=^% k fktl z]o/!=# r'qmf k"fhl s_ (,@$,)#,&**=^% ;fwf/0f z]o/ k ltz]o/?=!)) n] h;dwo]!,#%,^@,^*$ xsk b z]o/, ^,$@,#&,)%# af]g; z]o/, (),^(,#** goff z]o/ (FPO) / $(,#$,^^#=^% k fktl z]o/!%,)),)),)),)))!),)),)),)),))) (,@$,)#,&*,*^% (,@$,)#,&*,*^% &,@%,%%,)(,*)) &,@%,%%,)(,*))!=$ k :tfljt af]g; z]o/!,#*,^),%^,*#)!,$%,!!,)!,(^)!=% sn;\ Og P8efG; hddf /sd!=#±!=$±!=%_!),^@,^$,#%,^(% *,&),^^,!!,&^) z]o/ :jfldtj ljj/0f z]o/ ;fn cfiff9df;fgt o; jif{?= ut jif{?= k ltzt z]o/ k"fhl z]o/ k"fhl k ltzt!= :jb]zl :jfldtj!))=))ü (,@$,)#,&*,*^% &,@%,%%,)(,*))!))=))Ü!=! g]kfn ;/sf/!=@ æsæ ju{sf Ohfhtk fkt ;+:yfx!=# cgo Ohfhtk fkt ;+:yfx? aldf sdkglx?_!=$ cgo ;+:yfx!=% cgo ;+:yfksjolqmut_!=^ ;j{;fwf/0f )=))Ü )=))Ü!*=(%Ü $#=$)Ü ^=^#Ü #!=)@Ü!,&%,)^,(@,$)) $,)!,)^,$%,&)) #,@#,(),#!,@)) )=))Ü )=))Ü!(=(!Ü $$=^$Ü %=$%Ü a}b]lzs :jfldtj hddf!))=))ü (,@$,)#,&*,*^% &,@%,%%,)(,*))!))=))Ü 34 #! cf} + jflif{s k ltj]bg

37 )=% k ltzt jf ;f]egbf a9l :jfldtj epsf z]o/xf]n8/x sf] gfd, k ltzt / /sd tn n]lvpcg';f/ /x]sf] 5M gfd Ü /sd?= xhf/df_ dxfnidl OGe]i6d]06 k f=ln= &=#!Ü ^&,%^,^% 5fofF OGe]i6d]06 k f= ln= ^=&(Ü ^@,&*,## s]=o"=lk= OGe]i6d]06 k f=ln= ^=$&Ü %(,&(,#! ;f]lkmof OGe]i6d]06 k f=ln= ^=!%Ü %^,*),#* ;"o{ OGkmf]l;;\ k f=ln=!=#^ü!@,%%,$% k ]i6fog OGe]i6d]06 k f=ln=!=#^ü!@,%%,$% cggk"0f{ OGe]i6d]06 k f=ln=!=#^ü!@,%%,$% gf]a]n OGe]i6d]06 k f=ln=!=@(ü!!,(%,** sdnf OGe]i6d]06 k f=ln=!=@(ü!!,(%,** nf]6; OGe]i6d]06 k f=ln=!=@)ü!!,)*,#( zfso OGe]i6d]06 k f=ln= )=%^Ü %,!^,%) l;f3] sfk]{6 k f=ln= )=^^Ü ^,!#,*@ Pkf]nf] OGe]i6d]06 k f=ln= )=^%Ü %,(*,)% gfd Ü /sd?= xhf/df_ >]i7 a b;{ OGe]i6d]06 k f=ln= )=^%Ü %,(&,($ ds{g6fon OGe]i6d]06 k f=ln=!=)^ü (,&(,!# cf/= ;+3fO{ OGe]i6d]06 k f=ln= )=^%Ü %,(&,($ lk= ;+3fO{ OGe]i6d]06 k f=ln= )=^%Ü %,(&,($ k~rsgof OGe]i6d]06 k f=ln= )=^%Ü %,(&,($ nfo{km OG:of]/]G; skf]{/];g g]kfn ln= )=($Ü *,&),#^ /fli6«o aldf ;+:yfg!=!^ü!),&$,&^ gful/s g]zgn nfo{km O{G:of]/]G; s+= ln= )=&&Ü &,!#,#& /fli6«o aldf sdkgl ln=!@=$@ü!,!$,*),#@ hu]8f tyf ;fn cfiff9df;fgt ljj/0f o; jif{?= ut jif{?=!= ;fwf/0f j}wflgs hu]8f sf]if 4,05,31,94,895 k"fhlut hu]8f sf]if z]o/ lk ldod_ 1,71,84,54,020 3,10,45,10,850 #= C0fkq e'qmfgl sf]if (Debenture Redemption Reserve) 90,71,42,855 68,57,14,285 $= k"fhl ;dfof]hg sf]if (Capital Adjustment Fund) 12,91,99,207 9,46,89,901 %= cgo hu]8f tyf sf]if 92,43,97,183 16,94,08,328 %=!= e}k/l cfpg] hu]8f %=@= ;+:yf ljsf; sf]if %=#= nfef+z ;dls/0f sf]if %=$= ljz]if hu]8f sf]if 31,500 31,500 %=%= ;DklQ k'gd"{nofíg sf]if %=^= :yug s/ hu]8f sf]if %=& k fktl hu]8f 71,01,10,135 %=* sd{rf/l tflnd tyf ljsf; sf]if 1,01,90,678 %=( ;fdflhs pq/bflotj sf]if 3,27,08,450 %=!)= cgo :jtgq sf]if %=!!= nufgl ;dfof]hg sf]if 17,13,56,420 16,93,76,828 ^= ;l~rt gfkmf gf]s;fg 27,23,27,511 24,65,82,194 &= ;6xL 36a9 sf]if 7,67,32,730 7,44,05,596 hddf *,)*,!$,$*,$)! &,%*,!!,#(,*%& #! cf} + jflif{s k ltj]bg 35

38 C0fkq tyf ;fn cfiff9df;fgt cg';"rl # ljj/0f o; jif{?= ut jif{?=!_!@ k ltzt C0fkq k lt C0fkq?=!,))) n] #,)),))) df hf/l epsf] df r'qmf x'g] xfn;ddsf] Redemption Reserve /sd?= * k ltzt C0fkq k lt C0fkq?=!,))) n] %,)),))) $ ^ df hf/l epsf] $ % df r'qmf x'g] xfn;ddsf] Redemption Reserve #),)),)),))) #),)),)),))) %),)),)),))) %),)),)),))) #_ * k ltzt C0fkq k lt C0fkq?=!,))) n] &,%),))) $!! df hf/l epsf] $!) df r'qmf x'g] xfn;ddsf] Redemption Reserve /sd?= #@,!$,@*,%&!_ &%,)),)),))) &%,)),)),))) hddf!±@±#_!,%%,)),)),)))!,%%,)),)),))) ltg{ affsl shf{ ;fn cfiff9df;fgt cg';"rl $ s=:jb]zl!= g]kfn g]kfn /fi6«a}+s k'g/shf{_ #= l/kf] bflotj $= cgt/ a}+s tyf ljqlo ;+:yf %= cgo ;+ul7t ;+:yfx ^= cgo hddf v=ljb]zl!= cgo hddf ljj/0f o; jif{?= 36 #! cf} + jflif{s k ltj]bg

39 ljj/0f o; jif{?= ut jif{?=!=aofh ltg'{gkg]{ vftfx s= rntl :jb]zl d'b fdf (,&%,^),#),%$% g]kfn æsæ ju{sf Ohfhtk fkt ;+:yfx!=# cgo Ohfhtk fkt ljqlo ;+:yfx!=$ cgo ;+ul7t ;+:yfx!=% JolQmut!=^ cgo ^^,#(,$&,%&( @!,($,#^,)&*!,!(,(),!!,($# d'b fdf @=! g]kfn ;/sf/ æsæ ju{sf Ohfhtk fkt cgo Ohfhtk fkt ljqlo cgo ;+ul7t cgo #,#*,(^,^$,!#) $,$),*$,*#% v= dflh{g dflh{g #=k tltkq dflh{g %!,!(,&%,&%*!,*(,$!,*$,$^) u= cgo!= :jb]zl d'b fdf!=! ljqlo cgo ;+ul7t ;+:yfx!=# ljb]zl d'b ljqlo ;+:yfx cgo ;+ul7t JolQmut lgif]k ;fn cfiff9df;fgt cg';"rl % Aofh ltg'{gkg]{ vftfx sf] hddf s±v±u_!^,$@,(#,#%,((%!%,$%,**,)@,$^@ #! cf} + jflif{s k ltj]bg 37

40 lgif]k ;fn cfiff9df;fgt =======qmdzm cg';"rl % ljj/0f o; jif{?= ut Aofh ltg'{kg]{ vftfx s= art lx;fa #^,$!,((,@$,!)( #(,$@,##,)$,@!@!= :jb]zl d'b fdf #%,#%,*$,)$,#!@ #*,#),!@,@%,#)!!=! ;+3;+:yfx!=@ JolQmut!=# cgo #%,#%,*$,)$,#!@ ljb]zl d'b cgo!,)^,!%,!(,&(&!,!@,@),&*,(!! v= d'2tl lx;fa :jb]zl d'b fdf ;+3;+:yfx!=@ %,$),(^,*(,)#( ljb]zl d'b fdf #,!(,#(,(^,))) cgo #,!*,^*,)),))) &!,(^,))) %#,#%,)),))) ^$,)@,))) u= dfu]sf] avt ltg'{kg]{ :jb]zl d'b æsæ ju{sf Ohfhtk fkt ;+:yfx!=@ cgo Ohfhtk fkt ljqlo ;+:yfx!=# cgo ;+ul7t #,$&,*),)!,&**!#,*@,$#,%*,#$)!=$ JolQmut!^,($,$@,&*^ #$,@@,#$,&$%!=% cgo!,&^,^),%^,!@( ljb]zl d'b fdf!,&$,^$,(*,$$) æsæ ju{sf Ohfhtk fkt cgo Ohfhtk fkt ljqlo cgo ;+ul7t ;+:yfx!,@),&^,^!,#(@ %,#$,%)! cgo %!,%!,!#,^^) $!,&(,*#,!@@ 3= ;l6{lkms]6 ckm l8kf]lh6! ;+ul7t JolQmut # cgo Aofh ltg'{kg]{ vftfx sf] hddf s±v±u±3_!,)(,@$,)),!*,&#& (#,!^,&*,#(,%#@ hddf lgif]k!,@%,^^,(#,%$,&#@!,)*,^@,^^,$!,(($ 38 #! cf} + jflif{s k ltj]bg

41 != :jb]zl d'b ljb]zl d'b f e'qmfgl lbg'kg]{ ;fn cfiff9df;fgt ljj/0f o; jif{?= ut jif{?=!#,*!,(!,!@% %^,&!,!&* cg';"rl ^!#,$!,#$,((@ %!,*),!(% hddf!$,#*,^@,#)#!#,(#,!%,!*& cgo ;fn cfiff9df;fgt cg';"rl & ljj/0f o; jif{?= ut jif{?=!= k]g;g pkbfg sd{rf/l ;~ro sf]if #= sd{rf/l snof0f sf]if $= sd{rf/l af]g; Joj:yf $$,&*,@#,@@@ #&,)&,$$,^#^ %= lgif]kdf e'qmfgl lbg affsl Aofh!*,*@,&),$%) &,$&,)&,!^# ^= ;fk6ldf e'qmfgl lbg affsl Aofh &,!),!),!*) &,!),@%,@%^ &= kflsg;s]sf] l8:sfp06 / sldzg!&,)*,@*,%(*!!,#%,!#,^)( *= ;08«L qm]l86;{ (= zfvf ldnfg lx;fa!)= :yug s/ bflotj $(,!@,)^@!,!(,@&,)@#!!= e'qmfgl lbg affsl nfef+z!*,**,@),*)& #,^),@^,%$@!@= Calls in Advance!#= cgo &(,^(,##,!!# $*,!!,$#,#)^!#=! kl/ksj d'2tl lgif]k!#=@ n]vfk/lif0f z'ns!#=# Pn=l;= jfkt lbg'kg]{ e'qmfgl /sd!#=$ ;'/lift r]s jfkt lbg'kg]{ e'qmfgl /sd!#=% sd{rf/l af]g; Joj:yf P; 8]enkd]06 a}+s_!#=% %^,(@,#&,)%# &,%),#*,$^* #*,%@,$&,($) &,@$,$#,*!& #! cf} + jflif{s k ltj]bg 39

42 != :jb]zl d'b f ljb]zl d'b f gub ;fn cfiff9df;fgt cg';"rl * ljj/0f o; jif{?= @,@*,%&,((,*&& ljj/0f!= g]kfn /fi6«a}+s s= rntl vftf v= cgo vftf :jb]zl d'b f!),(#,$^,#$,!%#!),(#,$^,#$,!%# g]kfn /fi6«a}+sdf /x]sf] ;fn cfiff9df;fgt ljb]zl d'b f?= df ef=?= kl/jto{ lj=d hddf $$,&*,&(,)$! $$,&*,&(,)$! $$,&*,&(,)$! $$,&*,&(,)$! o; jif{?= ut jif{?=!!,#*,@%,!#,!($!!,#*,@%,!#,!($ cg';"rl ( &,&^,&#,@@,&($ &,&^,&#,@@,&($ gf]6m g]kfn /fi6«a}+saf6 k fkt ;dy{g kq cg';f/ /x]sf] df}hbft?=!!,%&,@#,%@,%)@ a}+s ljqlo ;+:yfdf /x]sf] ;fn cfiff9df;fgt cg';"rl!) ljj/0f :jb]zl d'b f ljb]zl d'b f?= df ef=?= kl/jto{ lj=d hddf o; jif{?= ut jif{?=!= :jb]zl Ohfhtk fkt ;+:yfx ^!,!$,%&,$@(!,&#,$@,*^!!,&#,$@,*^! s= rntl vftf v= cgo vftf ljb]zl a}+sx #,$),*),^),$%) s= rntl vftf v= cgo vftf gf]6m ;DalGwt a}+s tyf ljqlo ;+:yfaf6 k fkt ;dy{g kq cg';f/ /x]sf] df}hbft?= #,)$,%&,)),$&% #,$),*),^),$%) hddf ^!,!$,%&,$@( #,$@,%$,)#,#!! 40 #! cf} + jflif{s k ltj]bg

43 != :jb]zl d'b ljb]zl d'b f dfu tyf cnk;"rgfdf k fkt x'g] ;fn cfiff9df;fgt cg';"rl!! ljj/0f o; jif{?= ut jif{?= $,)),)),)))!$,(#,*),))) hddf $,)),)),)))!$,(#,*),))) ljj/0f!=g]kfn ;/sf/sf] 6«]h/L ;/sf/sf] artkq #=g]kfn ;/sf/sf] cgo C0fkq $=g]=/f= a}+s C0fkq lgif]k nufgl %=ljb]zl C0fkq ^=:jb]zl Ohfhtk fkt ;+:yf &=ljb]zl a}+s *=;+ul7t ;+:yfx sf] z]o/ (=;+ul7t ;+:yfx sf] l8a]gr/ tyf a08!)=g]=/f=a}+s lgif]k nufgl!!=cgo nufgl ;fn cfiff9df;fgt Jofkfl/s k of]hg cgo #,*),#(,#$,&)) *,$*,!(,)),))) #,@*,(^,)),))) (,@*,#*,^*,))) &%,!&,#$,$!) $&,##,*^* o; jif{?= ut jif{?= #,*),#(,#$,&)) *,$*,!(,)),))) #,@*,(^,)),))) (,@*,#*,^*,))) &%,!&,#$,$!) $&,##,*^* cg';"rl!@ (,)*,$),#%,!)) &),)),)),))) %#,*#,^#,*^) $&,##,*^* @(,@@,^&,^!,($# Joj:yf!,@%,&!%!,@%,&!% @(,@@,^&,^!,($# #! cf} + jflif{s k ltj]bg 41

44 != z]o/ nufgl ljj/0f k/n df]n ahf/ d'nofg';f/ Joj:yf /sd o; jif{?= ut jif{?=!=! g]kfn u fdl0f ljsf; a} +ssf $*,%(* ;fwf/0f z]o/, k ltz]o/?=!)) n] r'qmf $%,)),))) #^@%$!)* $%,)),))) $%,)),)))!=@ /n dfoqmf]kmfogfg; 8]enKd]06 ;]G6/ ln= sf] $,%),)!! ;fwf/0f z]o/, k ltz]o/?=!)) n] r'qmf h;dwo]!,!!,(!! af]g; z]o/ #,#*,!),))) #$*&%*%@% #,#*,!),))) #,#*,!),)))!=# :jfjndag ljsf; ;fwf/0f z]o/, k ltz]o/?=!)) n] r'qmf h;dwo]!,#(,#$) af]g; z]o/!,@$,(),%)) $&*)!(@)%!,@$,(),%))!,@$,(),%))!=$ shf{ ;"rgf s]gb ln= sf] *(,$)& ;fwf/0f z]o/, k ltz]o/?=!)) n] r'qmf h;dwo] %@,#%! af]g; z]o/ #&,)%,^)) c;"lrs[t #&,)%,^))!^,!!,!))!=% tf/fufpf l/h]g;l xf]6n ln= sf]!,%),))) ;fwf/0f z]o/, k ltz]o/?=!)) n] r'qmf!,%),)),))) #(!%))))!,%),)),)))!,%),)),)))!=^ g]kfn lsnol/ª xfp; ln= sf] %),))) ;fwf/0f z]o/, k ltz]o/?=!)) n] r'qmf %),)),))) c;"lrs[t PgcfO{aLPn Soflk6n dfs]{6;\ ln= sf]!),!%,))) ;fwf/0f z]o/?=!)) n] r'qmf!),!%,)),))) c;"lrs[t!),!%,)),)))!),!%,)),)))!=* cfo l; cf/ P g]kfnsf] &,^)) ;fwf/0f z]o/?=!)) n] r'qmf &,^),))) c;"lrs[t &,^),))) &,^),)))!=( ˆn]lUh6«d k f=ln= sf] *@,**^ ;fwf/0f z]o/?=!)) n] r'qmf *@,**,^)) c;"lrs[t *@,**,^)) *@,**,^))!=!) Pd g]kfn ln= ;fwf/0f z]o/?=!)) n] c;"lrs[t glan Do'r'cn km08 Aofn]G;\8 l:sd!!,$#,^*# o'lg6sf]?=!) n] g]zgn nfokm OG:of]/]G; s+= ln= sf] &,%(,^%% ;fwf/0f z]o/?=!)) n] r'qmf h;dwo] $,^(,^%% af]g; z]o/!),@@,#&,%()!&$&@)^%))!),@#,&,%()!),@@,#&,%()!=!# g]zgn dfoqmf] kmfogfg; ljqlo ;+:yfg ln= ;fwf/0f z]o/?=!)) n] $@*%))))) l;4fy{ O{lSj6L cf]l/p06]8 l:sd sf] #%,#*,^$^ o'lg6sf]?=!) n] r'qmf #,%#,*^,$^) $!(^*#$@ #,%#,*^,$^) #,%#,*^,$^)!=!% Pg= Pd= la= ;'ne nufgl sf]!#,)$,((* o'lg6sf]?=!) n] r'qmf!,#),$(,(*)!^#!@$&%!,#),$(,(*)!,#),$(,(*)!=!^ Pg=cfO{=la=Pn= ;Da[l4 sf]if sf]!,$),)),))) o'lg6sf]?=!) n] r'qmf!$,)),)),)))!^%()))))!$,)),)),)))!$,)),)),)))!=!& hnljb't nufgl tyf ljsf; s+= ln= sf] ;fwf/0f z]o/ *(,&**?=!)) n] r'qmf *(,&*,*))!&^**@#^ *(,&*,*)) %&,(@,*))!=!* Pg=Pd=la= xfola 8 sf]if sf]!,!@,^!,(@! o'lg6sf]?=!) n] r'qmf!,@^,!(,@!)!@%$#$(% &%&!%_!,@^,!(,@!)!=!( glan OlSj6L sf]if sf]!!,@^,%)$ o'lg6sf]?=!) n] r'qmf!,!@,^%,)$)!!@^%)$)!,!@,^%,)$)!=@) Pg=cfO{=la=P=n= k ult sf]if sf]!,)@,%),))) o'lg6sf]?=!)) n] r'qmf!),@%,)),)))!)@%)))))!),@%,)),)))!=@! ACE Soflk6n ln= sf] &,)),))) ;fwf/0f z]o/?=!)) n] r'qmf &,)),)),))) c;"lrs[t &,)),)),)))!=@@ hg/n OG:of]/]G;\ s+ ln= sf] %)) ;fwf/0f z]o/?=!)) n] r'qmf %),))) c;"lrs[t %))))_ %),)))!=@# g]zgn a}+lsë OG:6LRo'6 sf]!@,))) ;fwf/0f z]o/?=!)) n] r'qmf!@,)),))) c;"lrs[t!@,)),)))!=@$ g]kfn :6s PS;r]Gh ln= sf] %) ;fwf/0f z]o/?=!)) n] r'qmf %,))) c;"lrs[t %,)))!=@% g]kfn nfo{km OG:of]/]G;\ ln= ;fwf/0f z]o/?=!)) n] r'qmf #!,)),*)) $^&$)$* l8a]gr/ tyf a08 nufgl s'n nufgl &%,!&,#$,$!) #,$&,#@,&),%@*!@%&!%_ &%,!&,#$,$!) %#,*#,^#,*^) #= hf]lvd;dagwl Joj:yf!,@%,&!% #=! ut jif{;ddsf] Joj:yf %),))) #=@ o; jif{sf] yk 36 &%,&!% v"b nufgl &%,!^,)*,^(% %#,*#,^#,*^) gf]6m!= tn plnnlvt sdkglx n] ljut tlg jif{b]lv nfef+z ljt/0f gu/]sf M tf/fufpf l/h]g;l xf]6n ln= ˆn]lUh6«d k f=ln= Pd g]kfn ln= z]o/, l8a]gr/ tyf a08df ;fn cfiff9df;fgt cg';"rl!@ s_ 42 #! cf} + jflif{s k ltj]bg

45 ljj/0f k/n d"no!= g]kfn ;/sf/sf] 6]«h/L g]kfn ;/sf/sf] artkq #= g]kfn ;/sf/sf] cgo C0fkq $= g]=/f=a}+s C0fkq %= ljb]zl C0fkq ^= :jb]zl Ohfhtkqk fkt ;+:yfsf] z]o/ &= :jb]zl Ohfhtkqk fkt ;+:yfsf] l8a]gr/ tyf a08 *= :jb]zl ;+ul7t ;+:yfsf] z]o/, l8a]gr/ tyf a08 (= ljb]zl a}+s nufgl (Placement)!)= cgt/ a}+s shf{ (Interbank Lending)!!= cgo nufgl s'n nufgl Jofkfl/s nufgl (Held for ;fn cfiff9df;fgt kl5nnf] ahf/ d"no xfnsf] ahf/ d"no o; jif{ gfkmf gf]s;fg_ /sd vs_ ut jif{ gfkmf gf]s;fg_ /sd s}lkmot ljj/0f k/n d"no!= g]kfn ;/sf/sf] 6]«h/L lan g]kfn ;/sf/sf] artkq *,$*,!(,)),))) #= g]kfn ;/sf/sf] cgo C0fkq $= g]=/f=a}+s C0fkq lgif]k nufgl %= ljb]zl C0fkq ^= :jb]zl Ohfhtkqk fkt ;+:yfsf] z]o/ &= :jb]zl Ohfhtkqk fkt ;+:yfsf] l8a]gr/ tyf a08 *= :jb]zl ;+ul7t ;+:yfsf] z]o/, l8a]gr/ tyf a08 (= ljb]zl a}+s nufgl (Placement) cgo nufgl s'n e'qmfgl ldlt;dd wf/0f ug]{ nufgl (Held to ;fn cfiff9df;fgt xfn;ddsf] Iflt /sd o; jif{sf] Iflt /sd o; jif{ gfkmf gf]s;fg_ /sd svu_ ut jif{ gfkmf gf]s;fg_ /sd s}lkmot ljj/0f laqmlsf] nflu pknaw nufgl (Available for ;fn cfiff9df;fgt k/n d"no kl5nnf] ahf/ d"no s_ xfnsf] ahf/ d"no v_ o; jif{sf] nufgl sf]if ;dfof]hg /sd vs_ ut jif{ gfkmf gf]s;fg_ /sd!= g]kfn ;/sf/sf] 6]«h/L g]kfn ;/sf/sf] artkq #= g]kfn ;/sf/sf] cgo C0fkq $= g]=/f=a}+s C0fkq %= ljb]zl C0fkq ^= :jb]zl Ohfhtkqk fkt ;+:yfsf] z]o/ &= :jb]zl Ohfhtkqk fkt ;+:yfsf] l8a]gr/ tyf a08 *= :jb]zl ;+ul7t ;+:yfsf] z]o/, l8a]gr/ tyf a08 (= ljb]zl a}+s nufgl (Placement)!)= cgo nufgl s'n nufgl &%,!&,#$,$!) s}lkmot #! cf} + jflif{s k ltj]bg 43

46 shf{ tyf lan vl/b jul{s/0f / ;f]sf] nflu ;fn cfiff9df;fgt cg';"rl!# shf{ vl/b tyf l8:sfp06 ul/psf lan ljj/0f ljkgg ju{ laldt claldt :jb]zl cgo hddf ljb]zl :jb]zl ljb]zl hddf o; jif{?= ut jif{?=!=;lqmo shf{ ;fk6 5,23,31,18,691 96,95,62,46,902 1,43,51,49,346 1,03,62,45,32,939 32,12,99,828 1,84,98,82,868 2,17,11,82,696 1,05,79,57,15,635 86,41,67,99,318!=! c;n shf{ 5,15,70,26,340 91,92,25,37,983 1,42,71,51,506 98,50,67,15,829 32,12,99,828 1,84,98,82,868 2,17,11,82,696 10,0,67,78,98,525 82,71,63,11,505!=@ ;"Id lg/lif0f shf{ 7,60,92,351 5,03,37,26,919 79,97,840 5,11,78,17,110 5,11,78,17,110 shf{ ;fk6 5,88,40,905 82,93,20,451 88,81,61,356 88,81,61,356 k'gm;+/rgf v/fa 2,41,43,151 1,86,39,703 1,60,58,051 4,99,14,852 16,97,65,937 60,96,39,662 7,40,58,003 18,84,05,640 62,56,97,713 7,40,58,003 18,84,05,640 62,56,97,713 1,91,51,212 1,36,10,954 56,02,30,489 s_ s'n shf{ 5,29,19,59,596 97,78,55,85,353 1,43,51,49,346 1,04,51,26,94,295 32,12,99,828 1,84,98,82,868 2,17,11,82,696 1,06,68,38,76,991 87,00,97,91,973 #=shf{ gf]s;fgl Joj:yf #=! c;n #=@ ;"Id lg/lif0f #=# k'gm;+/rgf ul/psf] #=$ sd;n #=% z+sf:kb #=^ v/fa 5,15,70,264 38,04,618 60,35,788 93,19,852 1,60,58,051 97,67,12,428 25,16,86,346 1,24,78,713 8,53,80,323 60,96,39,662 1,42,71,516 3,99,892 1,04,25,54,208 25,58,90,856 1,85,14,501 9,47,00,175 62,56,97,713 32,12,999 1,84,98,829 2,17,11,828 1,06,42,66,036 25,58,90,856 1,85,14,501 9,47,00,175 62,56,97,713 82,88,97,715 14,80,19,513 47,87,803 68,05,477 56,02,30,489 v_ s'n Joj:yf 8,67,88,573 1,93,58,97,472 1,46,71,408 2,03,73,57,453 32,12,999 1,84,98,829 2,17,11,828 2,05,90,69,281 1,54,87,40,997 $=ut jif{;ddsf] Joj:yf $=! c;n $=@ ;"Id lg/lif0f $=# k'gm;+/rgf ul/psf] $=$ sd;n $=% z+sf:kb $=^ v/fa 3,86,46,937 14,54,235 32,54,823 41,93,796 50,74,026 77,50,29,984 14,61,97,727 15,32,980 26,11,681 55,51,56,463 1,25,43,587 3,67,551 82,62,20,508 14,80,19,513 47,87,803 68,05,477 56,02,30,489 10,67,945 16,09,262 26,77,207 82,88,97,715 14,80,19,513 47,87,803 68,05,477 56,02,30,489 62,07,61,875 9,88,67,852 1,71,46,516 4,13,56,253 69,28,34,138 u_ ut jif{;ddsf] s'n Joj:yf 5,26,23,817 1,48,05,28,835 1,29,11,138 1,54,60,63,790 10,67,945 16,09,262 26,77,207 1,54,87,40,997 1,47,09,66,634 u=!= Ace af6 k fkt Joj:yf 12,49,87,081 3_ o; jif{sf] Joj:yfaf6 lkmtf{ 9,61,20,292 35,86,90,484 ª_ o; jif{sf] yk Joj:yf 48,14,61,496 43,64,64,847 o; jif{sf] yk36 3,41,64,756 45,53,68,637 17,60,270 49,12,93,663 21,45,054 1,68,89,567 1,90,34,621 38,53,41,204 7,77,74,363 v"b shf{ sv_ 5,20,51,71,023 95,84,96,87,881 1,42,04,77,938 1,02,47,53,36,842 31,80,68,829 1,83,13,84,039 2,14,94,70,868 1,04,62,48,07,710 85,46,10,50, #! cf} + jflif{s k ltj]bg

47 shf{, ;fk6 / lan; vl/bsf] ;fn cfiff9df;fgt ljj/0f o; jif{?= ut jif{?= s_ ;'/lift!,)^,^*,#*,&^,((! *&,)),(&,(!,(&#!= rn crn ;DklQsf] :jb]zl Ohfhtk fkt ;+:yfsf] hdfgtdf #= ;/sf/l hdfgtdf $= cgt/f{li6«o >]0fLs[t a}+ssf] hdfgtdf % =lgof{t sfuhft (Export Document) sf] ;'/If0fdf ^= d'2tl /;Lbsf] ;'/If0fdf s= ;+:yfsf] cfkm\g} d'2tl /;Lbsf] v= cgo Ohfhtk fkt ;+:yfsf] d'2tl /;Lbsf] ;'/If0f &= ;/sf/l C0fkqsf] ;'/If0fdf *= sfp06/ hdfgtdf (= JolQmut hdfgtdf!)= cgo ;'/If0fdf *(,$*,)^,@(,)*^ #^,&*,(&!!,)^,*#,)(,*%&!%,#^,)*,($,%%^ cg';"rl!# s_ &!,*#,)(,)(,&(! #,#!,@$,!%,)))!!,^(,%!,^#&!,)&,^),@)!!,)),#&,*@,@$&!),&#,$(,&#,)(& v_ c;'/lift hddf!,)^,^*,#*,&^,((! *&,)),(&,(!,(&# ljj/0f!= k/n df]n s=ut jif{sf] df}hbft v=o; jif{ yk u=o; jif{ k'gd"{nofíg k'gn]{vg 3=o; jif{sf] laqml ª= P; 8]enkd]06 a}+saf6 k fkt ;DklQ ejg kl/jxg ;fwg d]l;g/l sfof{no ;fdfg cgo 19,00,75,063 6,26,75,290 35,54,26,997 10,77,74,035 77,95,12,82_ 1,43,06,898 o; jif{?= ut jif{?= #! cf} + jflif{s k ltj]bg 45 33,98,30,279 2,56,25,483 9,88,750_ 4,46,75,506 85,22,34,751 6,71,99,953 21,95,789_ 6,17,13,078 1,73,75,67,090 20,05,99,471 8,11,35,821_ 18,33,70,772 1,62,76,03,675 14,45,98,165 3,46,34,732_ s'n k/n df]n s±v±u3±ª_ 25,27,50,353 39,95,56,648 40,91,42,518 97,89,51,993 2,04,04,01,512 x f; s L s=ut jif{;ddsf] v=o; jif{sf] u=x f; s L k'gd"{nofíg k'gn]{vg 3=x f; s L ;dfof]hg lkmtf{ ª k fkt ;DklQdf x f; 4,14,26,562 38,11,804 2,03,91,530 16,82,49,811 5,08,65,447 6,01,20,900_ 1,08,04,922 21,10,43,350 2,87,25,453 9,88,749_ 2,99,39,540 67,98,90,935 5,97,96,878 21,95,782_ 5,16,58,911 1,10,06,10,658 14,31,99,582 6,33,05,431_ 11,27,94,903 98,69,61,470 13,51,39,436 2,14,90,248_ s'n x f; sl s±vu3±ª_ 6,56,29,896 16,97,99,280 26,87,19,594 78,91,50,942 1,29,32,99,712 1,10,06,10,658 #= a's Eofn' (WDV)*!@_ $= huuf %= k"fhlut lgdf{0f ^= lnh xf]n8 ;DklQ 18,71,20,457 l:y/ ;fn cfiff9df;fgt cg';"rl!$ 22,97,57,368 14,04,22,924 18,98,01,051 74,71,01,800 52,77,95,517 2,94,07,772 63,69,56,432 41,34,89,330 hddf * Written Down Value.

48 u}/ a}+lsë ;fn cfiff9df;fgt cg';"rl!% C0fL jf kf6l{sf] gfd, 7]ufgf >LdtL ljhof a'9f du/ nlntk'/, j8f g+= $ 5, s';'gtl_ ho hgtf kf]lnlsnlgs P08 l/;r{ ;]G6/ uf]7f6f/&_ /fs]z ljqmd zfxl uf]7f6f/&_ /fd clwsf/l sf=d=g=kf=#, dxf/fhu~h_ /fh' yfkf du/ bds$, sú emfkf_ /fwf :6«Sr/ P08 O{lGhlgol/Ë gt'jf #, df]/ë_ u}/ a}+lsë ;DklQ ;sf/ u/]sf] ldlt!# # @& & clk s'n u}/ a}+lsë ;DklQ /sd?= (*,*@,))) $#,(#,%(! ^^,%&,%)) %%,)*,))) gf]s;fgl Joj:yf k ltzt!))ü!))ü!))ü!))ü!))ü!))ü /sd (*,*@,))) $#,(#,%(! ^^,%&,%)) %%,)*,))) v"b u}/a+}lsë ;DklQ?= hddf /sd ut jif{?= 3f6f Joj:yf v"b #(,@%,^&& #(,@%,^&& s'n hddf %,$$,$@,&^* %,$$,$@,&^* #(,@%,^&& #(,@%,^&& ljj/0f!= d;ngb nufgldf c;'n ug{ affsl cfdbfgl #= shf{df c;'n ug{ affsl Jofh Go"gM Aofh d'ntal /sd $= c;'n ug{ affsl sldzg %= ;08«L 8]6;{ Go"gM Joj:yf ^= sd{rf/l ;fk6l / k]zsl &= clu d e'qmfgl *= dfu{:y gub (= dfu{:y cgo_ r]s;d]t!)= ljgf;"rgf 8«fkm\6sf] e'qmfgl!!= ckn]vg x'g affsl vr{ (Software) Go"gM ckn]vg (Amortization)!@= zfvf ldnfg lx;fa!#= :yug (Deferred) s/ ;DklQ!$= cgo!$=!= g]kfn /fi6" a}+saf6 k fkt x'g affsl!$=@= sd{rf/l 3/ shf{afktsf] aldf lk ldod!$=#= clu d cfos/!$=$= ;/sf/l C0fkqdf lt/]sf] lk ldod!$=%= cgo cgo ;fn cfiff9df;fgt cg';"rl!^ o; jif{?= ut jif{?=?= hddf?= hddf %(,$%,!%,&%% ^,@$,!#,(%% $),*!,)),&!# $),*!,)),&!#_ *),^^,!^^!(,&&,^#,!%*!$,*@,@),*!&_!,(&,@@,(!& $,(%,$@,#$! $*,(%,)*,&!^ #,(@,@%,&$#!&,(%,$&,*@& *,%#,!%,@()!*,%$,!(,*%^ hddf!,##,%^,*%,#@! *^,(@,#$,^^* 46 #! cf} + jflif{s k ltj]bg

49 ljj/0f cgo ;DklQ yk ;fn cfiff9df;fgt! jif{;dd! jif{b]lv dfly # jif{;dd o; jif{?= # jif{egbf dfly hddf cg';"rl!^s_ ut jif{?=!= shf{df c;'n ug{ affsl ljgf ;"rgf 8«fkm\6sf] e'qmfgl #= zfvf ldnfg lx;fa!*,$$,**,@!! $,#),!^,^%& #^,&),!),**& %(,$%,!%,&%% $),*!,)),&!# ;Defljt ;fn cfiff9df;fgt cg';"rl!& ljj/0f o; jif{?= ut jif{?=!= ;+:yfpk/ bfal k/]sf] t/ ;+:yfn] bflotj :jlsf/ k tltkqx dflh{g g36fo{ k"/f /sd_ s= ^ dlxgfegbf sd cjlwsf] v= ^ dlxgfegbf a9l cjlwsf] #= k'gm l8:sfp06 ul/psf lanx $= Dofb gfl3g;s]sf] Uof/]G6L a08 s= la8 a08 v= k/km/d]g; a08 u= cgo Uof/]06L a08 %= r'qmf jf e'qmfg x'g affsl z]o/ nufgl ^= km/jf8{ PS;r]Gh sg6«ofs6sf] affsl bflotjx &= sn]s;gdf /x]sf lanx *= d~h'/l tyf ;dy{g (Acceptance & Endorsement) (= k Tofe"lt k lta4tf (Underwriting Commitment)!)= ckl/jto{ shf{ k lta4tf (Irrevocable Loan Commitment)!!= cgt/f{li6«o >]0fLs[t a}+ssf] sfp06/ Uof/]06Ldf lbpsf] Uof/]06L!@= cu Ld e'qmfgl Uof/]06L (Advance Payment Guarantee)!#= shf{ k jfxsf] nflu ljqlo hdfgt (Financial Guarantee)!$= cfos/afkt ;Defljt bflotj (Contingent Liabilities on Income Tax)!%= cgo k'gm vl/b ;Demf}tfcGtu{tsf] (,#!,&!,**,#^$ (,^%,^(,^%,^*@ (^,%#,%*,*^^ (,##,%%,#@@ &,(),##,$&,!*)!,)(,*@,^@,(@@ (,(&,$&,!#,@%# ^,%$,!%,@&,)!* &,#$,#!,@%,(## %,#!,#$,$(,@(! #,@#,$(,@^$!^,^!,%%,(^,%*^ *,%!,^^,@#,*)$ *,)(,*(,&@,&*@ &,%#,@@,!%,#%# *(,!%,*(,#!# %,*#,*!,#$,$#^ %*,*%,*%,%*! ^,@%,#$,%&,$!# *,)&,!$,&^,&%^ ^,^(,$@,*%,^^* #,$$,$),)),@@^ hddf ^*,^#,#@,^%,&$* %%,@!,!!,)&,#$# #! cf} + jflif{s k ltj]bg 47

50 Aofh cfdbfgl b]lv cfiff9 ;Dd cg';"rl!* ljj/0f o; jif{?= ut jif{?= s= shf{, ;fk6 / clwljsif{df *,&*,^%,^#,^*^ ^,%%,@!,&!,^&@!= shf{ clwljsif{ ^,(@,#@,#*,%)(!,*^,##,@%,!&& %,!#,#),&*,@($!,$!,(),(#,#&* v= g]kfn ;/sf/sf] C0fkq s= 6«]h/L lan; v= ljsf; C0fkq u= /fli6«o ljb]zl ;'/If0f #= g]kfn /fi6«a}+s a08 l/e{; l/kf] $= l8a]gr/ tyf a08 s= a}+s ljqlo ;+:yfx v= cgo ;+:yfx %= cgt/ a}+s shf{df (,**,@(,^&&!),(&,!(,$$^ %&,**) ^,(@,&^,!^) %,&%,$&,)%)!,!&,@(,!!) #,#@,%(,))! u= Ph]G;L df}hbftdf!,##,)^,$^! ^!,(!,@*#!= :jb]zl a}+s ljqlo ljb]zl a}+sx!,##,)^,$^! ^!,(!,@*# 3= dfu tyf cnk ;"rgfdf k fkt x'g] df}hbftdf!%,%^,!^,))$ ^,*#,@#,#)&!= :jb]zl a}+s ljqlo ljb]zl a}+sx *!%,%^,!^,))$ ^,*#,@#,#)& ª= cgodf *,$^,)%,$(^ $,&%,##,##(!= ;l6{lkms]6 ckm cgt/ a}+s ljqlo ;+:yf shf{ #= cgo!,@$,*(,!*$ &,@!,!^,#!@ *),*&,&($ #,($,$%,%$% hddf (,@$,*^,(*,^%) ^,&&,^&,%$,&^@ *ljb]zl a}+sdf ul/psf] nufglaf6 k fkt Aofh cfdbfglnfo{ o; zlif{s cgtu{t b]vfopsf] #! cf} + jflif{s k ltj]bg

51 Aofh vr{ b]lv cfiff9 ;Dd cg';"rl!( ljj/0f o; jif{?= ut jif{?= s= lgif]k d'2tl lgif]k!=!= :jb]zl d'b ljb]zl d'b art :jb]zl d'b ljb]zl d'b f #= dfu]sf] avt ltg'{kg]{ lgif]k #=!= :jb]zl d'b f #=@= ljb]zl d'b f $= ;l6{lkms]6 @,)@,#(,*&$ &!,!#,&#,^^* &%,!@,!#,(&! &),$#,@@,$@^ $,^*,(!,%$%!,@#,(^,)),@$&!,@#,&^,!^,$&(!(,*#,&^* ^(,%$,*$,)(* ^(,@$,!!,$^@ #),&@,^#^ &*,@@,(&,!$# v= shf{ ;fk6df!$,%$,%!,&#*!#,*@,^*,^%*!= C0fkq tyf g]kfn /fi6«a}+saf6 k fkt shf{ #= cgt/ a}+s ljqlo ;+:yf shf{ $= cgo ;+ul7t ;+:yf %= cgo shf{!#,^),)),))) u= cgodf hddf #! cf} + jflif{s k ltj]bg 49

52 sldzg tyf l8:sfp06 b]lv cfiff9 ;Dd ljj/0f o; jif{?= ut jif{?= s= lan; vl/b tyf l8:sfp06 &(,^),!%%!= ljb]zl #&,*%( v= sldzg k hdfgtkq #= sn]s;g kml $= /]ld6]g; kml %= qm]l86 sf8{ 8]la6 sf8{ ^= z]o/ k Tofe"lt lgisfzg &= ;/sf/l sf/f]af/afkt *= Ohfhtk fkt sldzgafkt (= a f #,(*,^@,^)$!%,*),@%,)^* (,^^,#$,*#!!,!(,^%& u= cgo #,^(,&*,&&! $,)!,&$,(** hddf *!,$*,@&,))* ^),$$,)),##& cgo ;+rfng cfdbfgl b]lv cfiff9 ;Dd ;]km l8kf]lh6 en6sf] qm]l86 sf8{ lgisfzg tyf gjls/0f #= ATM/Debit sf8{ lgisfzg tyf gjls/0f $= 6]n]S; l6=l6= %= ;]jf z'ns ^= gjls/0f z'ns &= cgo ljj/0f o; jif{?= ut $$,&^,!^^ *,&(,%*,^(& &,*$,#!,)&(!),(@,(#,^$* $@,@#,@(% ^,*(,%),$(% %,^$,@$,^*^ *,$*,#@,($^ %,&),(!,$!% (@,&#,*)# hddf #*,%!,*&,#$) #),%),$^,)&^ 50 #! cf} + jflif{s k ltj]bg

53 ;6xL 36a9 cfdbfgl gf]s;fgl b]lv cfiff9 ;Dd cg';"rl ljj/0f o; jif{?= ut jif{?= s= ljlgdo b/df epsf] km/saf6 v= ljb]zl d'b f sf/f]af/af6 a fafx]s_ #&,%%,(%! ^!,&^,&%,^#(!,&%,&!,!*( %!,%^,(#,&#( hddf cfdbfgl gf]s;fg_ ^@,!$,#!,%() %#,#@,^$,(@* sd{rf/l vr{ b]lv cfiff9 ;Dd eqf #= ;+rosf]ifdf yk $= tflnd vr{ s_ tflnd vr{ v_ sd{rf/l tflnd tyf ljsf; sf]if %= kf]zfs ^= cf}ifwf]krf/ &= aldf *= k]g;g tyf pkbfg Joj:yf (= cgo s= ;+lrt labfafktsf] e'qmfgl v= sd{rf/l vfgf vr{ u= sd{rf/l k f]t;fxg tyf kfl/tf]lifs ljj/0f o; jif{?= ut #%,@@,#%,%$@!,^(,@#,(&$!,&),(@,$&* *(,!),!$@ @*,&(,^(,*@&!,%(,#),^#! %^,^&,*&) %^,^&,*&)!%,^%,*&) *,&^,%#&!,)*,&!,(^$ $*,#),%&# hddf ^^,%*,#(,!&$ %^,(&,$(,@%% #! cf} + jflif{s k ltj]bg 51

54 != 3/ aql, lah'nl / kfgl #= dd{t tyf ;Def/ s= ejg v= ;jf/l ;fwg u= cgo $= aldf %= kf]:6]h, 6]n]S;, 6]lnkmf]g, km\ofs; ^= sfof{no pks/0f kmlg{r/ / ;Def/ &= e d0f eqf / vr{ *= d;ngb / 5kfO{ (= kqklqsf tyf k':ts!)= lj1fkg / Joj;fo k j4{g!!= sfg"gl vr{!@= rgbf!#= ;+rfns;ldlt ;DaGwL vr{ s= a}7seqf v= cgo vr{!$= ;fwf/0f;ef;dagwl vr{!%= n]vfk/lif0f;dagwl vr{ s= n]vfk/lif0f z'ns v= cgo vr{!^= /sd :yfgfgt/0f sldzg!&= l:y/ ;DklQdf x f; s L!*= k"j{;+rfng tyf cgo vr{ ckn]vg (Software)!(= z]o/ l8a]gr/ lgisf;g k fljlws ;]jf ckn]vg ;'/Iff shf{ ;'/If0f lk sldzg / cgo s= cgo ;]jf z'ns v= ;jf/l h]g]/]6/ OGwg u= ldgfx tyf ckn]vg 3= ;jf/l ;fwg gjls/0f tyf cgo s/ ª= ;b:otf z'ns r= sfof{no ;kmfo tyf dd{t vr{ 5= CSR vr{ h= cgo vr{ sfof{no ;+rfng vr{ b]lv cfiff9 ;Dd ljj/0f o; jif{?= ut jif{?= *),&(,$&^ $,^!,*(,)$) #,)&,!@,$()!,#^,$&,&*^ &%,#%,@@! %,@^,%!,!&@ (,#%,^*% $,$$,)#,)%$ %,@#,&@)!,&%,!## $#,($,%&( #(,&%,))) &&,(^,%&*!,$#,&),&&) #,(&,@%,$!&!$,)$,*),)&@ #%,!!,()# #%,@!,&)( *(,(@,)%) #,*%,#!,$%$ #,)!,$),@%& (%,*^,$!& &^,#@,#$) #,^#,#@,%)& ^,*&,!#! ^,$@,&@,#@^!,!^,!(,!*@ #,^(,%%,^$$!),#&,!#,#!& %,$$,(%,@&* hddf ^(,(^,*%,!(! ^%,&(,!#,!)# 52 #! cf} + jflif{s k ltj]bg

55 ;Defljt gf]s;fgl Joj:yf b]lv cfiff9 ;Dd ljj/0f o; jif{?= ut jif{?=!= shf{ gf]s;fgl Joj:yfdf epsf] nufgl gf]s;fgl Joj:yfdf epsf] a[l4 #= u}/a}+lsë ;DklQ gf]s;fgl Joj:yf $= cgo ;DklQdf ul/psf] Joj:yf $*,!$,^!,$(^ &%,&!% $#,^$,^$,*$& hddf $#,^$,^$,*$& u}/;+rfng cfdbfgl gf]s;fgl b]lv cfiff9 ;Dd ljj/0f o; jif{?= ut jif{?=!= nufgl laqmlaf6 cfdbfgl ;DklQ laqmlaf6 cfdbfgl *!,(!,*%^ #= nfef+z v"b_ s= jfl0fho a}+sx af6 v= u fdl0f ljsf; a}+sx af6 u= ljqlo ;+:yfx af6 3= ;+ul7t ;+:yfx af6!= ;xfos cgo $= g]kfn /fi6«a}+saf6 k fkt ;x'lnot s= tf]lspsf zfvfx sf] gf]s;fgafkt Ifltk"lt{ v= Aofh Ifltk"lt{ u= ;6xL sfp06/ ^,%),%#,(#!!,)),@!,@$&!,(@,*%,))) #,%&,$&,^*$!,!@,$!,@&@ &^,^#,@@@ #%,&*,)%) %= cgo v"b u}/;+rfng cfdbfgl gf]s;fgl_ &,(*,&*,**%!,($,##,!@* ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ b]lv cfiff9 ;Dd ljj/0f o; jif{?= ut jif{?=!= shf{ gf]s;fgl Joj:yfaf6 u}/a}+lsë ;DklQ gf]s;fgl Joj:yfaf6 lkmtf{ #= nufgl Joj:yfaf6 lkmtf{ $= cgo ;DklQsf] Joj:yfaf6 lkmtf{ (,^!,@),@(@ #%,*^,(),$*$ hddf (,^!,@),@(@ #%,*^,(),$*$ #! cf} + jflif{s k ltj]bg 53

56 c;fdfgo sf/f]af/x?af6 epsf] cfdbfgl vr{ b]lv cfiff9 ;Dd!= ckn]vg epsf] shf{sf] :j]lr5s cjsfz vr{ #= c;'nl x'g g;sg] shf{sf] s $= cgo vr{ cfdbfgl ljj/0f o; jif{?= ut #*,^^,&#%_ #,&*,^@& #,&*,^@& #= $= %= ^= shf{sf] k sf/ JolQmut C0f a}b]lzs /f]huf/_ xfo/ kr]{h C0f qm]l86 sf8{ qm]l86 sf8{ qm]l86 sf8{ qm]l86 sf8{ ckn]vg ul/psf] ^,#%,&$( &,^*,)$( #,%$,##@ #!,)@@!),%*! ckn]lvt shf{sf] ljj/0f b]lv cfiff9 ;Dd lwtf]sf] k sf/ tyf /sd JolQmut hdfgt ;jf/l;fwg, JolQmut hdfgt JolQmut hdfgt JolQmut hdfgt JolQmut hdfgt lwtf] d"nofígsf] cfwf/ vl/b d"no shf{ :jls[t ug]{ clwsf/l tx jl/i7 lh=pd= ljefluo k d"v lh=pd= ljefluo k d"v lh=pd= shf{ c;'nlsf nflu ep u/]sf k of; s}lkmot hddf #*,^^,&#% 54 #! cf} + jflif{s k ltj]bg

57 ;+rfns, sfo{sf/l k d'v, ;+:yfks, sd{rf/l, z]o/xf]n8/x nfo{ upsf] shf{ ;fk6 ;fn cfiff9df;fgt_ vl/b tyf l8:sfp06 ul/psf lanx, shf{, ;fk6 tyf clwljsif{df k jflxt s'n /sddwo] ;+rfns, sfo{sf/l k d'v, ;+:yfks, sd{rf/l, z]o/xf]n8/x / lghx sf] kl/jf/sf ;b:o jf To:tf JolQm hdfgl a;]sf] jf d]g]lhë Ph]G6 epsf] s'g} ;+:yf jf sdkglnfo{ upsf] /sdsf] ljj/0f b]xfoadf]lhd 5. ;+:yfks ;+rfns sfo{sf/l k d'vsf] gfd s_ ;+rfns!= b lnkm xl:k6flnl6 k k ltdf kf8]+ #= 5fof b]jl sf]nf]gl ut jif{sf] affsl o; jif{sf] c;'nl o; jif{ yk cfiff9df;fgt;dd affsl ;fjff Aofh ;fjff Aofh shf{ ;fjff &=#% #(=^#?= bz nfvdf lgoldt lgoldt lgoldt v_ sfo{sf/l k #= u_ #= 3_ #= ª_! k ltztegbf a9l z]o/ x'g] #=!%=$! lgoldt hddf gf]6m dfly pnn]lvt shf{x? g]kfn OGe]i6d]06 a}+sn] k fktl ug'{cl3 P; 8]enkd]06 a}+saf6 hf/l epsf x'g\. #! cf} + jflif{s k ltj]bg 55

58 k"fhlsf]if ;fn cfiff9df;fgt_ cg';"rl #)s_!?= xhf/df ljj/0f o; jif{?= ut jif{?=!=! hf]lvd efl/t ;DklQ s= shf{ v= ;+rfng hf]lvd ^,*(,$),$& ^,!$,!),$* u= ahf/ hf]lvd $$,&^,%( Pillar II cgtu{tsf] ;dfof]hg hf]8m g]=/f=a}+ssf] lgb]{zfg';f/ hf]lvd efl/t k ltzt hf]8m ;+rfng hf]lvdsf]nflu s'n ;+rfng cfdbfglsf] # k ltzt!,^$,@@,&^!,@%,@#,)^ hf]8m ;+rfng P= Pn= Pd= sf] nflu s'n ;+rfng cfdbfglsf] ==== k ltzt hf]8m ckof{kt t/n ;DklQafkt s'n lgifksf] ===== k ltzt s'n hf]lvd efl/t ;DklQ Pillar II cgtu{tsf] ;dfof]hg kl5_!,%^,$$,*$,^)!,@!,*^,&#,$(!=@ k"fhl sf]if k fylds k"fhl (Tier I)!*,!!,%$,!*!%,(),!^,$( s= r'qmf k"fhl (,@$,)#,&( &,@%,%%,!) v= O{l/l8d]an ggso'do'n]l6e lk km/]g; z]o/ u= z]o/ lk ldod!,&!,*$,%$ #,!),$%,!! 3= k :tfljt af]g; z]o/!,#*,^),%&!,$%,!!,)@ ª= ;fwf/0f hu]8f sf]if $,)%,#!,(% #,@),%*,@( r= ;l~rt gfkmf gf]s;fg ut cf=j= ;Ddsf] 5= rfn' cf=j= sf] h= k"fhl lkmtf{ ;dfof]hg sf]if &!,)!,!) em= k"fhl ;dfof]hg sf]if!@,(!,(( (,$^,() `= nfef+z ;dls/0f sf]if 6= C0fkq e'qmfgl sf]if (),&!,$# ^*,%&,!$ 7= cgo :jtgq sf]ifx 36fpg]M s= Vofltafktsf] /sd v= :yug s/ ;DklQ u= ckn]vg gul/psf ljljw ;DklQ ^,@$,!$_ 3= Ohfhtk fkt ;+:yfdf ul/psf] z]o/df nufgl ª= ljqlo :jfy{ /x]sf] sdkgldf ul/psf] r= ;LdfeGbf a9l nufgl &%,))_ 5= k Tofe"ltcGtu{t ul/psf] nufgl h= kf/:kl/s qm; xf]ln8ë em= k of]udf gcfpsf] tyf ;Ldf egbf a9l vl/b u/]sf] 3/ huuf `= Pillar II cgtu{tsf] ;dfof]hg 36fpg]M ^=$ s_!_ cg';f/ ckof{kt Joj:yf 36fpg]M ^=$ cgtu{t ;Da4 kifnfo{ tyf lgif]lwt If]qdf k jflxt shf{ ;'ljwf k"/s k"fhl s= So"Do"n]l6e lkmtf{ x'g] cu flwsf/ z]o/ v= ;'/If0f g/flvpsf] ;xfos cfjlws C0f!,%%,)),))!,%%,)),)) 36fpg]M 5YTM a08 k ltzt l8:sfpg6 ^%,)),))_ #$,)),))_ u= xfola 8 k"fhl pks/0fx 3= c;n shf{ gf]s;fgl Joj:yf!,)^,)&,^% *@,&),*! ª= ;6xL ;dls/0f sf]if &,^&,## &,$$,)^ r= nufgl ;dfof]hg sf]if!&,!#,%^!^,(#,&& 5= ;DklQ k'gd{"nofíg sf]if h= cgo sf]ifx $,@(,#! #@ hddf k"fhl sf]if (Tier I + Tier k"fhlsf]if cg'kft k fylds k"fhl s'n hf]lvd efl/t ;DklQ (Tier I)!!=%*Ü!#=)%Ü k"fhl sf]if s'n hf]lvd efl/t ;DklQ (Tier I & Tier II)!#=)@Ü!$=(@Ü 56 #! cf} + jflif{s k ltj]bg

59 shf{ ;fn cfiff9df;fgt_ cg';"rl #)v_?= cfiff9 df;fgt ut jif{ jf;nftleqsf] sf/f]af/ ;DklQ lstfal ljz]if u0fgf ug{ hf]lvd hf]lvd efl/t d"no Joj:yf ;lsg] v"b /sd ef/ CRM k ltzt /sd s_ v_ u_ 3_Ös_v_u_ ª_ r_ö3_xª_ v"b /sd hf]lvd efl/t /sd g]kfn /fi6«a}+sdf /x]sf] df}hbft!!,#*,@%,!#!!,#*,@%,!# )Ü &,&^,&#,@# ;'g )Ü g]kfn ;/sf/sf] C0fkqdf nufgl!@,@*,%*,#%!@,@*,%*,#% )Ü (,&*,$),#% g]kfn ;/sf/ pk/sf] ;Dk"0f{ bfal )Ü g]kfn /fi6«a}+s C0fkqdf ul/psf] nufgl )Ü #,$),)),)) g]kfn /fi6«a}+s pk/sf] ;Dk"0f{ bfal!,!#,*^!,!#,*^ )Ü #,(@,@^ ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA rating 01) )Ü ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA rating Ü ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA rating 3) %) Ü ljb]zl ;/sf/ tyf s]gb Lo a}+spk/sf] bfal (ECA rating 46)!)) Ü ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA rating 7)!%)Ü BIS, IMF, ECB, EC / ax'kiflo ljsf; a}+sx pk/sf] bfal )Ü cgo ax'kiflo ljsf; a}+sx pk/sf] bfal!))ü ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating Ü ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating 2) %) Ü ;fj{hlgs ;+:yf pk/sf] bfal (ECA ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating 7)!%)Ü tf]lspsf] k"fhlsf]if sfod ug]{ :jb]zl a}+s pk/sf] bfal #,(%,@(,^% Ü &(,)%,(# #,!#,(^,^* ^@,&(,#$ tf]lspsf] k"fhlsf]if sfod gug]{ :jb]zl a}+s pk/sf] bfal %$,#% %$,#%!)) Ü %$,#%!,*@,!#!,*@,!# ljb]zl a}+s pk/sf] bfal (ECA Rating 01) $,!^,%@,)$ Ü *#,#),$! &,)),)!,&#!,$),)),#% ljb]zl a}+s pk/sf] bfal (ECA Rating 2) %,^!,%$,^^ %,^!,%$,^^ ljb]zl a}+s pk/sf] bfal (ECA Rating 36)!)) Ü ljb]zl a}+s pk/sf] bfal (ECA Rating 7)!%)Ü tf]lspsf] k"fhlsf]ifdf! k ltztegbf a9ln] k"fhlsf]if sfod ug]{ SAARC If]qleq :yfkgf epsf ljb]zl a}+s @) Ü %*,@@,%@ %,^#,%),^%!,!@,&),!# :jb]zl ;+3 ;+:yfx pk/sf] bfal *!,^#,!&=% *@,*$,$*,^!!)) Ü *@,*$,$*,^! ^*,^^,&$,^* ^*,^^,&$,^* #! cf} + jflif{s k ltj]bg 57

60 shf{ ;fn cfiff9 df;fgt ==========qmdzm cg';"rl #)v_?= xhf/df ut jif{ ;DklQ lstfal d"no ljz]if Joj:yf u0fgf ug{ ;lsg] CRM v"b /sd hf]lvd ef/ k ltzt hf]lvd efl/t /sd jf;nftleqsf] sf/f]af/ s_ v_ u_ 3_Ös_v_u_ ª_ r_ö3_xª_ ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 2) %)Ü ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 36)!))Ü ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 7)!%)Ü pkef]uo tyf ;fgf shf{ (Regulatory Retail Portfolio) efvf ggf3]sf]_ %,@#,%%,(* $,(*,&#,&! &%Ü #,&$,)%,@* u fg"nfl/6l ;Ldfafx]s cgo zt{ kfngf u/]sf] pkef]uo tyf ;fgf shf{ (Regulatory Retail!))Ü Portfolio except for Granularity) cfjf;lo 3/hUufaf6 ;'/lift ^)Ü!,@$,&$,(@!,!*,@*,$! &),(&,)% cfjf;lo 3/hUufaf6 k"0f{ ;'/lift gepsf] #^,&@,#^ cfjf;lo 3/hUufaf6 ;'/lift bfal efvf gf3]sf]_ (,%$,&% $,$(,%# %,)%,@#!))Ü %,)%,@# $,$),$$ $,$),$$ Jofkfl/s 3/hUufaf6 ;'/lift bfal $,#),!(,&%!))Ü $,#),!(,&% $,#$,)(,%# $,#$,)(,%# e'qmfgl cjlw ;dfkt eo;s]sf] bfal cfjf;lo 3/hUufaf6 ;'/lift bfalafx]s_ v"b /sd hf]lvd efl/t /sd (^,@@,(* #(,&@,*$ prr hf]lvdo'qm bfal &,*!,)%,%( #!,(! $,#^,*^,#$ :6s PS;r]Ghdf ;"rls[t sdkglsf] z]o/ / cgo k"fhlut pks/0fdf epsf] nufgl :6s PS;r]Ghdf ;"rls[t gepsf] sdkglsf] z]o/ / cgo k"fhlut pks/0fdf epsf] nufgl %@,(%,@$ &^ %@,($,$(!))Ü %@,($,$( sd{rf/l C0f cfjf;lo ^)Ü!&,(),)(!%,(*,@^ (,%*,(^ g]kfn ;/sf/sf] C0fkqaf6 Aofh cfdbfgl bfal!),)^,#$!),)^,#$ 6«flGh6df /x]sf tyf ;+sng x'fb} u/]sf gubl cgo hddf!,^@,^%,((,!^!!,)%,#!,@)!,)^,)),@%!,%),%$,^&,&!!,!$,%(,#(,@$!,@^,$*,(),!$ *(,$&,!#,$^ jf;nftaflx/sf] sf/f]af/ h'g;'s} a]nf lkmtf{ lng ;lsg] k lta4tf )Ü lan; sn]s;g!,)(,*@,^#!,)(,*@,^# )Ü %*,*%,*^ clu d ljlgdo ;Demf}tf &,(),##,$& &,(),##,$&!)Ü &(,)#,#% %,*#,*!,#$ %*,#*,!# ^ dlxgfegbf sd cjlwsf] k tltkq :jb]zl sf/f]af/ kif!!,#%,*(,*!!,$(,&(,*% &,&@,&(,^$!,%$,%%,(# ljb]zl sf/f]af/ kif (counter party) (ECA ljb]zl sf/f]af/ kif (counter party) (ECA 2) %)Ü ljb]zl sf/f]af/ kif (counter party) (ECA 36)!))Ü ljb]zl sf/f]af/ kif (counter party) (ECA 7)!%)Ü ^ dlxgfegbf a9l cjlwsf] k tltkq :jb]zl sf/f]af/ kif (,)$,!#,&( %)Ü $,%@,)^,*( &,^(,)*,!) #,*$,%$,)% 58 #! cf} + jflif{s k ltj]bg

61 shf{ ;fn cfiff9df;fgt_ ==========qmdzm cg';"rl #)v_?= cfiff9 df;fgt ut jif{ ;DklQ lstfal d"no ljz]if Joj:yf u0fgf ug{ ;lsg] CRM v"b /sd hf]lvd ef/ k ltzt hf]lvd efl/t /sd v"b /sd hf]lvd efl/t /sd jf;nft aflx/sf] sf/f]af/ s_ v_ u_ 3_Ös_v_u_ ª_ r_ö3_xª_ ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 2) %)Ü ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 36)!))Ü ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 7)!%)Ü la8 a08 k/km/d]g; a08 sfp06/ Uof/]06L :jb]zl sf/f]af/ kif!&,)),)),(@ $,!@,!),#$!@,*&,(),%& %)Ü ^,$#,(%,@(!),#%,^@,!& %,!&,*!,)* ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 2) %)Ü ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 36)!))Ü ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 7)!%)Ü k Tofe"lt (Underwriting) ;DaGwL k lta4tf %)Ü a}+saf6 ;'/If0fsf] kdf k bfg ul/psf hdfgtx (Lending of Bank's Securities!))Ü or Posting of Securities as collateral) k'gm v/lb ;Demf}tf cgtu{tsf] shf{!))ü cu Ld e'qmfgl hdfgt %,#!,#$,$(!!,!),%) %,@),@#,((!))Ü %,@),@#,(( #,#^,%$,$^ #,#^,%$,$^ ljqlo hdfgt!))ü :jlsf/ tyf b/lk7 (Acceptance and Endorsements) e'qmfgl gul/psf] efu tyf cf+lzs e'qmfgl ul/psf] z]o/ tyf ;'/If0f (Unpaid portionof partly paid shares and securities) (,(&,$&,!$ $(,*&,#^ (,$&,%(,&*!))Ü (,$&,%(,&* ^,)),##,!( ^,)),##,!( (,##,%% (,##,%%!))Ü (,##,%%!&,##,%%!&,##,%% ckl/jto{ shf{ k lta4tf 5f]6f] cjlw ^,%$,!%,@& *,)&,!$,&&!,^!,$@,(% ckl/jto{ shf{ k lta4tf nfdf] cjlw %)Ü cgo ;Defljt bflotjx #,@#,$( #,@#,$(!))Ü #,@#,$( e'qmfglsf] nflu bfla k/]sf hdfgtafktsf] ;Defljt hddf ^*,^#,#@,^^ ^,%),$^,!$ s'n shf{ Pillar II cgtu{tsf] ;dfof]hg hf]8m ^=$ s_ #_ cgtu{t k ltu fxs shf{ tyf ;'ljwf ;LdfeGbf a9l k jflxt shf{ ;'ljwfsf]!) k ltzt hf]8m ^=$ s_ $_ cgtu{t k'gm :jlsf/ x'g]u/l laqml ul/psf shf{x sf]! k ltzt s'n shf{ hf]lvd (Pillar II) cgtu{tsf] #! cf} + jflif{s k ltj]bg 59

62 Credit Risk Mitigation (CRM) sf] nflu of]uo ;fn cfiff9df;fgt_ cg';"rl #)u_?= xhf/df shf{ /sd cfkfm\gf] a}+sdf /x]sf] lgif]k cgo a}+sdf /x]sf] lgif]k ;'g ;/sf/ tyf g]kfn /fi6«a}+s g]kfn ;/sf/sf] hdfgt cgo b]zsf] ;/sf/sf] hdfgt :jb]zl a}+ssf] hdfgt ljb]zl jx'kiflo ljsf; a}+sx sf] hdfgt ljb]zl a}+ssf] hdfgt tyf ;'/If0f hddf ut jif{sf] hddf jf;nftleqsf] sf/f]af/ gub df}hbft g]kfn /fi6«a}+sdf /x]sf] df}hbft ;'g g]kfn ;/sf/sf] C0fkqdf nufgl g]kfn ;/sf/ pk/sf] ;Dk"0f{ bfal g]kfn /fi6«a}+s C0fkqdf ul/psf] nufgl g]kfn /fi6«a}+s pk/sf] ;Dk"0f{ bfal ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA Rating 01) ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA Rating 2) ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA Rating 3) ljb]zl ;/sf/ tyf s]gb Lo a}+sp k/sf] bfal (ECA Rating 46) ljb]zl ;/sf/ tyf s]gb Lo a}+s pk/sf] bfal (ECA Rating 7) BIS, IMF, ECB, EC / ax'kiflo ljsf; a}+sx pk/sf] bfal cgo ax'kiflo ljsf; a}+sx pk/sf] bfal ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating 01) 60 #! cf} + jflif{s k ltj]bg

63 Credit Risk Mitigation (CRM) sf] nflu of]uo ;fn cfiff9df;fgt_ ===============qmdzm cg';"rl #)u_?= xhf/df shf{ /sd cfkfm\gf] a}+sdf /x]sf] lgif]k cgo a}+sdf /x]sf] lgif]k ;'g ;/sf/ tyf g]kfn /fi6«a}+s g]kfn ;/sf/sf] hdfgt cgo b]zsf] ;/sf/sf] hdfgt :jb]zl a}+ssf] hdfgt ljb]zl jx'kiflo ljsf; a}+sx sf] hdfgt ljb]zl a}+ssf] hdfgt tyf ;'/If0f hddf ut jif{sf] hddf ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating 2) ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating 36) ;fj{hlgs ;+:yf pk/sf] bfal (ECA Rating 7) tf]lspsf] k"fhlsf]if sfod ug]{ :jb]zl a}+s pk/sf] bfal tf]lspsf] k"fhlsf]if sfod gug]{ :jb]zl a}+s pk/sf] bfal ljb]zl a}+s pk/sf] bfal (ECA Rating 01) ljb]zl a}+s pk/sf] bfal (ECA Rating 2) ljb]zl a}+s pk/sf] bfal (ECA Rating 36) ljb]zl a}+s pk/sf] bfal (ECA Rating 7) tf]lspsf] k"fhlsf]ifdf! k ltztegbf a9ln] k"fhlsf]if sfod ug]{ SAARC If]qleq :yfkgf epsf ljb]zl a}+s pk/sf] bfal :jb]zl ;+3 ;+:yfx pk/sf] $,)!,() #&,(%,(% $^,((,*( *!,^#,!* #,!#,$&,!& ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 01) ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 2) ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 36) ljb]zl ;+3 ;+:yfx pk/sf] bfal (ECA Rating 7) pkef]uo tyf ;fgf shf{ (Regulatory Retail Portfolio) efvf *%,!@,^& #! cf} + jflif{s k ltj]bg 61

64 Credit Risk Mitigation (CRM) sf] nflu of]uo ;fn cfiff9df;fgt_ ===============qmdzm cg';"rl #)u_?= xhf/df shf{ /sd cfkfm\gf] a}+sdf /x]sf] lgif]k cgo a}+sdf /x]sf] lgif]k ;'g ;/sf/ tyf g]kfn /fi6«a}+s g]kfn ;/sf/sf] hdfgt cgo b]zsf] ;/sf/sf] hdfgt :jb]zl a}+ssf] hdfgt ljb]zl jx'kiflo ljsf; a}+sx sf] hdfgt ljb]zl a}+ssf] hdfgt tyf ;'/If0f hddf ut jif{sf] hddf pkef]uo tyf ;fgf shf{ (Regulatory Retail Portfolio) efvf gf3]sf]_ u fg"nfl/6l ;Ldfafx]s cgo zt{ kfngf u/]sf] pkef]uo tyf ;fgf shf{ (Regulatory Retail Portfolio except for Granularity) cfjf;lo 3/hUufaf6 ;'/lift bfal cfjf;lo 3/hUufaf6 k"0f{ ;'/lift gepsf] bfal cfjf;lo 3/hUufaf6 ;'/lift bfal efvf gf3]sf]_ Jofkfl/s 3/hUufaf6 ;'/lift bfal e'qmfgl cjlw ;dfkt eo;s]sf] bfal cfjf;lo 3/hUufaf6 ;'/lift bfalafx]s_ prr hf]lvdo'qm bfal :6s PS;r]Ghdf ;"rls[t sdkglsf] z]o/ / cgo k"fhlut pks/0fdf epsf] nufgl :6s PS;r]Ghdf ;"rls[t gepsf] sdkglsf] z]o/ / cgo k"fhlut pks/0fdf epsf] nufgl cgo ;DklQ jf;nftaflx/sf] sf/f]af/ h'g;'s} a]nf lkmtf{ lng ;lsg] k lta4tf lan; sn]s;g clu d ljlgdo ;Demf}tf ^ dlxgfegbf sd cjlwsf] k tltkq :jb]zl sf/f]af/ kif!,$(,&(,*%!,$(,&(,*% &*,*^,^) 62 #! cf} + jflif{s k ltj]bg

65 Credit Risk Mitigation (CRM) sf] nflu of]uo ;fn cfiff9df;fgt_ ===============qmdzm cg';"rl #)u_?= xhf/df shf{ /sd cfkfm\gf] a}+sdf /x]sf] lgif]k cgo a}+sdf /x]sf] lgif]k ;'g ;/sf/ tyf g]kfn /fi6«a}+s g]kfn ;/sf/sf] hdfgt cgo b]zsf] ;/sf/sf] hdfgt :jb]zl a}+ssf] hdfgt ljb]zl jx'kiflo ljsf; a}+sx sf] hdfgt ljb]zl a}+ssf] hdfgt tyf ;'/If0f hddf ut jif{sf] hddf ljb]zl sf/f]af/ kif (counter party) (ECA 01) ljb]zl sf/f]af/ kif (counter party) (ECA 2) ljb]zl sf/f]af/ kif (counter party) (ECA 36) ljb]zl sf/f]af/ kif (counter party) (ECA 7) ^ dlxgfegbf a9l cjlwsf] k tltkq :jb]zl $),*!,^# ljb]zl sf/f]af/ kif (counter party) (ECA 01) ljb]zl sf/f]af/ kif (counter party) (ECA 2) ljb]zl sf/f]af/ kif (counter party) (ECA 36) ljb]zl sf/f]af/ kif (counter party) (ECA 7) la8 a08 k/km/d]g; a08 sfp06/ Uof/]06L :jb]zl sf/f]af/ ^,*^,@&,@& $,!@,!),#$ #,*&,)@,*$ ljb]zl sf/f]af/ kif (counter party) (ECA 01) ljb]zl sf/f]af/ kif (counter party) (ECA 2) ljb]zl sf/f]af/ kif (counter party) (ECA 36) ljb]zl sf/f]af/ kif (counter party) (ECA 7) bfal k/]sf] tyf e'qmfgl gul/psf hdfgt #! cf} + jflif{s k ltj]bg 63

66 Credit Risk Mitigation (CRM) sf] nflu of]uo ;fn cfiff9df;fgt_ ===============qmdzm cg';"rl #)u_?= xhf/df shf{ /sd cfkfm\gf] a}+sdf /x]sf] lgif]k cgo a}+sdf /x]sf] lgif]k ;'g ;/sf/ tyf g]kfn /fi6«a}+s g]kfn ;/sf/sf] hdfgt cgo b]zsf] ;/sf/sf] hdfgt :jb]zl a}+ssf] hdfgt ljb]zl jx'kiflo ljsf; a}+sx sf] hdfgt ljb]zl a}+ssf] hdfgt tyf ;'/If0f hddf ut jif{sf] hddf k Tofe"lt (Underwriting) ;DaGwL k lta4tf a}+saf6 ;'/If0fsf] kdf k bfg ul/psf hdfgtx (Lending of Bank's Securities or Posting of Securities as collateral) k'gm v/lb ;Demf}tf cgtu{tsf] shf{ cu Ld e'qmfgl hdfgt!!,!),%)!!,!),%) &,*%,%$ ljqlo hdfgt :jlsf/ tyf b/lk7 (Acceptance and Endorsements) $(,*&,#^ e'qmfgl gul/psf] efu tyf cf+lzs e'qmfgl ul/psf] z]o/ tyf ;'/If0f (Unpaid portionof partly paid shares and securities) ckl/jto{ shf{ k lta4tf 5f]6f] cjlw ckl/jto{ shf{ k lta4tf nfdf] cjlw tf]lspsf] k"fhlsf]ifdf! k ltztegbf a9ln] k"fhlsf]if sfod ug]{ SAARC If]qleq :yfkgf epsf ljb]zl a}+s pk/sf] bfal cgo ;Defljt bflotjx 64 #! cf} + jflif{s k ltj]bg

67 cfiff9 df;fgtsf] cl3nnf jif{x? cf=j= &) &! cf=j= &! cf=j= &# v"b Aofh cfdbfgl 2,99,58,04 2,97,87,99 3,92,11,05 sldzg tyf l8:sfp06 47,86,08 49,73,00 60,44,00 cgo ;+rfng cfdbfgl 21,13,46 23,74,69 30,50,46 ;6xL 36a9 cfdbfgl 46,02,27 45,84,18 53,32,65 o; jif{sf] yk Aofh d'ntal lx;fa 64,98_ 23,67 11,04,37 s'n cfdbfgl s_ 4,13,94,87 4,17,43,53 5,47,42,53 tf]lspsf] k ltzt v_ 15Ü 15Ü 15Ü tf]lspsf] k ltztn] x'g] s'n cfdbfgl u_ Ö s_xv_ 62,09,23 62,61,53 cfiff9 df;fgt ;+rfng hf]lvdsf] nflu cfjzos k"fhl 3_ Ö u_ sf] cf};t 68,94,05 61,41,05 hf]lvd ef/ (Reciprocal of capital requirement) ª_ ;+rfng hf]lvdsf] nflu hf]lvd efl/t /sd r_ Ö 3_xª_ 6,89,40,47 6,14,10,48 qm=;+ ljj/0f ;+rfng ;fn cfiff9df;fgt cg';"rl #) 3?= xhf/df ahf/ ;fn cfiff9df;fgt cg';"rl #) ª ljb]zl d'b fsf] v"b cj:yf cfiff9df;fgt ljb]zl d'b fsf] v"b cj:yf g]=?=_ ljb]zl d'b fsf] ;fgble{s v"b cj:yf cfiff9 df;fgt ljb]zl d'b fsf] ;fgble{s v"b cj:yf g]=?=_! ef/tlo?k}off $&,&#,$*,^)( &^,#&,%&,&&% &^,#&,%&,&&% cd]l/sl 8n/ *,&),^@(_ *,(%,)),^*& *,(%,)),^*& ^,!&,((,(&$ # o'/f] $^,*$*_ %$,^*,%!(_ %$,^*,%!( ^@,$#,#(% $ kfpg8 :6ln{ª &,!*) (,%@,)#* (,%@,)#* *,!(,%(! % l:j; k }+ms!),&()!!,$),!^)!!,$),!^) #,)@,)*! ^ c:6«]lnog 8n/ %#,#*( $@,!*,&&# $@,!*,&&#!#,$@,@*^ & Sofg]l8og 8n/ $%,&$& #^,&&,%&$ #^,&&,%&$ ^,)%,*%# * l;+ufk'/ 8n/ (!,&^( ^*,#^,&&@ ^*,#^,&&@ %^,&@,(#$ ( hfkfgl o]g $,*&&,#(^ $#,(^,(&@ $#,(^,(&@!,#@,**,*(#!) lrlgof o'cfg *$,&$&!@,%^,&(*!@,%^,&(* $^,)!,!$!!! ;fpbl c/a l/ofn!,!%,^)& #!,@^,)!# stf/l l/ofn &!,^!!,($,)^#!,($,)^# &,^),^)&!# ax/fo{g %,$@^ %,$@^!$ yfo{ ef6 #,)&,&*) (,@(,$(^ (,@(,$(^ %&,(),#!*!% ;+o'qm c/a Old/]6\; lb/fd!,%!,!#% $),^@,%)( $),^@,%)(!,)$,(#,&$*!^ dn]l;og l/+lu6 ^#,$((!$,^*,&#@!$,^*,&#@ %$,^(,*%%!& l:jl8; qmf]g/ &)^!^ *,^!,%!* *,^!,%!*!,(#,!)#!* 8]lg; #@,@$,#*@ #@,@$,#*@!),@$,@!%!( ;fpy sf]l/og jf]g %,))) $%# $%# #,)@,@#@ Total Open Position s_ *(,%#,!*,$(# ^%,^^,@^,^)! tf]lspsf] k ltzt v_ %Ü %Ü ahf/ hf]lvdsf] nflu cfjzos k"fhl u_ös_xv_ $,$&,^%,(@% #,@*,#!,##) hf]lvd ef/ (Reciprocal of capital requirement) 3_!))!)_!)!) ahf/ hf]lvdsf] nflu hf]lvd efl/t /sd ª_Öu_x3_ $$,&^,%(,@$& #@,*#,!#,#)) ahf/ hf]lvdsf] nflu hf]lvd efl/t /sd?= xhf/df_ $$,&^,%( #@,*#,!# #! cf} + jflif{s k ltj]bg 65

68 ljj/0f ;"rsfí cf=j= )^( &)_ cf=j= )&) &!_ cf=j= )&! cf=j= &#_ cf=j= )&# &$_!= v"b gfkmf s'n cfdbfgl k ltzt 28=3 27=8 28=1 31=0 k ltz]o/ cfdbfgl?= 46=2 40=7 30=9 29=3 29=3 #= k ltz]o/ ahf/ d"no?= , $= d"no cfdbfgl cg'kft (PE Ratio) cg'kft 17=0 23=6 22=8 35=5 26=3 %= z]o/ k"fhldf nfef+z af]g;;lxt_ k ltzt 35=0 40=0 34=7 41=0 40=0 ^= z]o/ k"fhldf gub nfef+z e'qmfgl k ltzt 25=0 25=0 1=7 21=0 25=0 &= Aofh cfdbfgl shf{ tyf ;fk6 k ltzt 12=3 10=8 9=0 8=4 9=0 *= sd{rf/l vr{ s'n ;+rfng vr{ k ltzt 42=4 44=8 45=6 46=4 48=8 (= s'n lgif]k tyf ;fk6ldf Aofh vr{ k ltzt 4=8 4=0 3=4 2=8 3=7!)= ;6xL 36a9 cfdbfgl s'n cfdbfgl k ltzt 5=3 6=6 6=6 6=5 5=6!!= sd{rf/l af]g; s'n sd{rf/l vr{ k ltzt 72=1 63=2 58=7 65=1 67=3!@= v"b gfkmf shf{ ;fk6 k ltzt 4=0 3=6 2=9 2=9 2=9!#= v"b gfkmf s'n ;DklQ cg'kft 2=6 2=3 1=9 2=0 2=1!$= s'n shf{ lgif]k k ltzt 76=4 72=4 74=7 80=1 84=9!%= s'n ;+rfng vr{* s'n ;DklQ k ltzt 1=22 1=13 1=01 0=95 0=91!^= hf]lvd efl/t ;DklQdf k"fhl sf]ifsf] kof{kttf s= k fylds k"fhl k ltzt 10=01 9=52 9=54 13=05 11=58 v= k"/s k"fhl k ltzt 1=97 1=75 2=36 1=87 1=44 u= s'n k"fhl sf]if k ltzt 11=49 11=27 11=90 14=92 13=02!&= t/ntf (CRR) k ltzt 16=0 19=2 12=0 7=2 10=5!*=lgliqmo shf{ s'n shf{ cg'kft 1=91 1=77 1=25 0=68 0=83!(= cfwf/ b/ (Base Rate) k ltzt 6=9 6=5 5=1 b/ cgt/ (Weighted Average Interest Rate Spread) k ltzt 5=5 4=8 4=6 4=7 g]6jy{?=xhf/df_ 70,20,644 7,92,54,79 9,80,69,53 16,28,77,52 s'n z]o/ ;+Vof 4,14,48,085 4,76,87,136 6,34,57,007 8,70,66,118 s'n sd{rf/l ;+Vof a's Eofn' k ltz]o/?= shf{ lgif]k cg'kft :jb]zl lgif]k±k"fhl_ k ltzt 74=8 71=9 72=8 76=8 r'qmf k"fhldf k ltkmn z'? df}hbftdf_ k ltzt 50=8 46=8 41=1 40=2 z]o/wglsf]ifdf k ltkmn z'? df}hbftdf_ k ltzt 31=7 27=6 24=8 26=0 ahf/ k"fhls/0f?= ca{df_?= 32=5 45=8 44=7 90=5 zfvf ;+Vof #)= P=l6=Pd= (ATM) ;+Vof *s'n ;+rfng vr{ Ö sd{rf/l vr{ ± sfof{no ;+rfng vr{ k d'v ;"rsfí ljut % jif{sf kl/;"rsx _ cg';"rl #! 66 #! cf} + jflif{s k ltj]bg

69 k d'v n]vfglltx cg';"rl ;fdfgo hfgsf/l s_ g]kfn OG8f]:j]h a}+s lnld6]8, xfnsf] g]kfn OGe]i6d]06 a}+s lnld6]8 k ]mgr tyf g]kfnl nufglstf{sf] ;+o'qm nufgldf ;g\!(*^ df ttsfnlg sdkgl cg';f/ ;+:yfkg epsf] a}+s xf]. pqm g]kfn OG8f]:j]h a}+s lnld6]8df ljzjs} 7"nf] a}+lsë ;d"xsf] ;xfos sdkgl æqm]l86 Pu Lsf]n OG8f]:j]h a}+sæ sf] %)Ü kf"hl nufgl lyof]. clk ndf q]ml86 Pu Lsf]n OG8f]:j]hn] o; a}+sdf epsf] cfkm\gf] ;Dk"0f{ nufgl las L ug]{ lg0f{okzrft\ a}+s/, k]zfsdl{, pbf]ul tyf Joj;foL ;lddlnt g]kfnl sdkglx?sf] ;d"xn] qm]l86 Pu Lsf]n OG8f]:j]hsf] ;Dk"0f{ nufgl v/lb u of]. ttkzrft\ g]kfn /fi6«a}+s, sdkgl /lhi6«f/ tyf a}+ss} ;fwf/0f ;efaf6 :jls[lt lno{ a}+ssf] gfd æg]kfn OGe]i6d]06 a}+s lnld6]8æ df kl/jt{g ul/of]. v_ ;dliff jif{df a}+sn] P:f 8]enkd]06 a}+s ln= g]kfn /fi6«a}+saf6 vú ju{sf] Ohfhtkq k fkt ;+:yf_ nfo{ k fktl u/]sf] 5. P; 8]enkd]06 a}+s ln= sf z]o/wglx?nfo{ To; a}+sdf /x]sf] k lt!)) lsqf z]o/ a/fa/ o; a}+ssf] $! lsqf z]o/ k bfg ul/psf] 5. k fktl ug]{ df a;]sf] b'j} ;+:yfsf] ljz]if ;fwf/0f;efn] cg'df]bg u/]sf] lyof]. ;fy} g]kfn /fi6«a}+s / sdkgl /lhi6«f/ sfof{noaf6 )# )! df k fktl ug]{ clgtd :jls[tl k fkt epsf] lyof]. n]vf lx;fa lstfanfo{ ;dfof]hg u/l af6 Plss[t sf/f]af/ z'? epsf] lyof]. u_ g]kfn OGe]i6d]06 a}+s, a}+s tyf ljqlo ;+:yf ;DaGwL cgtu{t æsæ ju{sf] Ohfhtkq k fkt a}+s xf]. o;sf] s]gb Lo sfof{no b/af/dfu{, sf7df8f}fdf cjl:yt 5. 3_ a}+ssf] ;fwf/0f z]o/ ;fj{hlgs v/lb laqmlsf nflu g]kfn :6s PS:r]Gh ln= df ;"rls[t n]vfsf cfwf/x s_ k :t't cfly{s ljj/0fx ;j{dfgo n]vf l;4fgt, g]kfn n]vfk/lif0f dfkb08, sdkgl a}+s tyf ljqlo ;+:yf;dagwl / g]kfn /fi6«a}+ssf] lgb]{zgnfo{ ;d]t cfwf/ dfgl tof/ kfl/psf 5g\. ol cfly{s ljj/0fx? NFRS adf]lhd tof/ kfl/psf 5}gg\, h'g g]kfn rf68{ Psfp06]06 ;+:yf 4f/f )&# b]lv nfu' ul/psf] 5. v_ cfly{s ljj/0fx cgoyf pnn]v ul/psf]df afx]s P]ltxfl;s nfutsf] cfwf/df tof/ kfl/psf 5g\. u_ cfly{s ljj/0fx cgoyf pnn]v ul/psf]df afx]s k f]befjl (Accrual) cfwf/df tof/ kfl/psf 5g\. 3_ ljqlo ljj/0fx g]kfn /fi6«a}+sn] tf]s]sf] 9fFrfadf]lhd /x]sf] 5. ª_ ;+nug ljlqo ljj/0fx? tof/ ug{ k of]u ul/psf d'vod'vo n]vfglltx? tn pnn]v ul/psf 5g\. cgoyf pnn]v epsf]df afx]s ol glltx?sf] kfngf lg/gt/?kdf ul/psf] 5. #= ljlqo ljj/0f :jls[t ;+nug ljlqo ljj/0fx? df a;]sf] a}+ssf] ;+rfns ;ldltsf] a}7saf6 kfl/t e} ;fwf/0f;efdf z]o/wglx?af6 :jls[t x'gfsf nflu k :t't ul/psf] 5. $= Aofh tyf sldzg cfo s_ shf{ tyf ;fk6df c;'nl epsf] AofhnfO{ g]kfn /fi6«a}+ssf] lgb]{zfg';f/ gub k fktlsf] cfwf/df cfdbfgl hgfopsf] 5. v_ /fli6«o k fyldstfsf cfof]hgfx?nfo{ lbo{psf] shf{df kfs]sf] AofhnfO{ k"flhs[t u/l cfdbfgl hgfo{g] ul/psf] 5. h;sf nflu g]kfn /fi6«a}+ssf] ;xdlt lnopsf] 5. #! cf} + jflif{s k ltj]bg 67

70 u_ sldzg tyf z'nsnfo{ gub k fktlsf] cfwf/df cfdbfgl hgfpg] ul/psf] 5. t/ Ps jif{egbf nfdf] cjlwsf] hdfglaf6 cflh{t?=!,)),))) Ps nfv_ egbf a9lsf] sldzgnfo{ hdfglsf] cjlwe/ k fkt x'g] ;dosf] cfwf/ df n]vfíg ul/psf] 5. %= nfef+z cfo s/ s L kl5sf] v"b nfef+z cfonfo{ pqm nfef+z k fkt ug]{ clwsf/ :yflkt epsf] ;dodf g} n]vfíg ug]{ ul/psf] 5. ^= Aofh vr{ lgif]k tyf ;fk6l bflotjsf] Aofh vr{nfo{ k f]befjl (Accrual)?kdf n]vfíg ug]{ ul/psf] 5. &= ;6xL 36a9 ;dfof]hg s_ jf;nftsf] ldltdf /x]sf] ljb]zl d'b f ;DklQ Pj+ bflotjx ;f]xl ldltdf sfod /x]sf] vl/b b/sf] cfwf/df kfgt/0f ul/psf] 5. v_ ljb]zl d'b fsf] sf/f]af/df v/lb tyf laqml d"noaf6 epsf] gfkmf gf]s;fg /sdnfo{ æ;6xl sf/f]af/ cfdbfgl jf vr{æ zlif{sdf n]vfíg ul/psf] 5. u_ ljb]zl d'b fsf] ljlgdo b/df epsf] km/saf6 epsf] v"b gfkmf gf]s;fg k'gd"{nofígsf] avt æ;6xl k'gd"{nofíg cfdbfgl gf]s;fgæ zlif{sdf n]vfíg ul/psf] 5. g]kfn /fi6«a}+ssf] lgb]{zfg';f/ ;6xL 36a9 gfkmf n] x'g] /sd cfly{s jif{sf] ;dflktdf ;6xL 36a9 sf]ifdf ;fl/psf] 5. *= ;Defljt shf{ gf]s;fgl Joj:yf tyf c;'nl x'g g;sg] shf{x sf] ckn]vg s_ g]kfn /fi6«a}+saf6 hf/l lgb]{lzsfsf] cfwf/df shf{ tyf ;fk6nfo{ jlu{s/0f ul/psf] 5. v_ shf{ tyf ;fk6df g]kfn /fi6«a}+ssf] lgb]{zg cg';f/ ;Defljt shf{ gf]s;fglafktsf] Joj:yf ul/psf] 5. u_ g]kfn /fi6«a}+ssf] lgb]{zfg';f/ gfkmf gf]s;fg lx;fadf vr{ n]vl shf{ gf]s;fgl Joj:yf v8f ul/psf] 5. 3_ jf;nftdf plnnlvt shf{ tyf ;fk6l g]kfn /fi6«a}+ssf] lgb]{zg adf]lhd shf{ gf]s;fgl afktsf] Joj:yf /sd Go"g u/l b]vfopsf] 5. ª_ c;'nl x'g g;sg] v/fa shf{x sf] ckn]vg ubf{ gfkmf gf]s;fg lx;fadf vr{ n]vl ;f] jfkt ul/psf] Joj:yf shf{ gf]s;fgl Joj:yfaf6 lkmtf{ zlif{sdf cfdbfgl b]vfopsf] 5. r_ v/fa shf{ ckn]vg ;DaGwL sfo{ljlw g]kfn /fi6«a}+såf/f :jls[t a}+ssf] shf{ ckn]vg ljlgodfjnldf pnn]v ep adf]lhd x'g]5. a}+sn] v/fa shf{ c;'nlsf] nflu pko'qm /sd;ddsf] Aofh ldgfxf lbg ;Sg] gllt lnpsf] 5. k To]s v/fa shf{sf] cj:yf x]/l Gofof]lrt 9+un] shf{sf] km5\of{}6 ul/g]5. (= xf; s L l:y/ ;DklQ vl/b ul/psf] csf]{ dlxgfb]lv ;f] ;DklQsf] cfo' cg';f/ Straight Line Basis df xf; s L ul/psf] 5. dd{t tyf ;+ef/sf nflu epsf] vr{ k"0f{ kn] gfkmf gf]s;fg lx;fadf n]vfíg ul/psf] 5. l:y/ ;DklQdf lgdg cg';f/ x f; s L ug]{ ul/psf] 5. ejg ;jf/l;fwfg sfo{no pks/0f kmlg{r/ lkms:r/ lkml6ë 8f6f k 68 #! cf} + jflif{s k ltj]bg

71 !)= ckn]vg x'g affsl vr{ sdko'6/ ;km\6j]o/tkm{ ul/psf] vr{nfo{ cg';"rl!^ sf] æckn]vg x'g affsl vr{æ zlif{sdf b]vfopsf] 5, h;nfo{ vl/b ul/psf] ldltaf6 kffr jif{leq ckn]vg (Amortization) ug]{ ul/psf] 5.!!= ;DklQs/0f gul/psf j:t'x =!),))) egbf sd d"no /x]sf j:t'x vl/b u/]s} jif{df vr{df b]vfopsf] u}/a}+lsë ;DklQ s_ u}/a}+lsë ;DklQnfO{ pqm ;DklQ ;sf/ ubf{sf] ldltdf affsl /x]sf] C0fsf] ;ffjf tyf Jofha/fa/sf] /sddf d"nofíg ul/psf] 5. u}/a}+lsë ;DklQ ;sfbf{sf] ;dodf pqm ;DklQsf] ahf/ d"no c;'n x'g affsl ;ffjf tyf Aofh /sdegbf sd epdf ;DklQsf] d"nofíg ahf/ d"nodf / km/s /sd gfkmfgf]s;fg lx;fadf ;f]xl jif{ vr{ n]lvg]5. v_ eljiodf ;sf/ ul/psf] ;DklQ lg;u{ ubf{sf avt k fkt /sd tyf ;sf/ ul/psf] ldltdf sfod ul/psf] /sddf km/s kg{ updf pqm km/s /sd ;f]xl jif{sf] gfkmfgf]s;fg lx;fadf cfdbfgl vr{ hgfog]5.!#= nufgl s_ lwtf]kq ahf/df ;"rls[t epsf nufglx sf] d"nofíg ahf/ d"no tyf k/n d"nodwo] h'g 36L 5 ;f]df ul/psf] 5. v_ lwtf]kq ahf/df ;"rls[t gepsf nufglx sf] d"nofíg k/n d"nodf ul/psf] 5 tyf g]kfn /fi6«a}+ssf] lgb]{zfg';f/ nufgl ;dfof]hg sf]ifsf] Joj:yf ul/psf] 5. u_ a}+ssf] :jfldtjdf /x]sf nufglx?nfo{ g]kfn /fi6«a}+ssf] lgb]{zg cg';f/ lgdglnlvt ju{df jlu{s/0f ul/psf] 5.!_ e'qmfgl ldlt;dd wf/0f ug]{ Jofkfl/s nufgl #_ laqmlsf] nflu pknaw nufgl 3_ g]kfn /fi6«a}+ssf] lgb]{zfg';f/ laqmlsf nflu pknaw lwtf]kqx sf nufgl ;dfof]hg sf]ifsf] Joj:yf ul/psf] 5. g]kfn /fi6«a}+såf/f :jls[t lwtf]kqx df ul/psf] nufglx df nufgl ;dfof]hg sf]ifsf] Joj:yf ul/psf] 5}g.!$= cjsfz sf]if s_ ;Dk"0f{ sd{rf/lx sf nflu k f]befjl (Accrual) cfwf/df x/]s dlxgf pkbfg vr{sf] Joj:yf u/l æg]kfn OGe]i6d]06 a}+s :jls[t cjsfz sf]ifdfæ hddf ug]{ ul/g5. v_ ;+lrt labfafktsf] vr{ gub cfwf/df sd{rf/ln] cjsfz lnpsf] jif{df e'qmfgl u/l vr{ hgfog] ul/psf] 5.!%= sd{rf/l shf{ tyf ;fk6l!^=!&= sd{rf/lnfo{ a}+ssf] sd{rf/l ;]jf ;'ljwf ljlgodfjnl cg';f/ k bfg ul/psf] shf{ tyf ;fk6nfo{ jf;nftdf cgo ;DklQÚ cgtu{t b]vfo{psf] 5. sd{rf/lnfo{ k bfg ul/psf] cfjf; shf{nfo{ hljg jldf ;+u uffl;psf] 5. cfos/ cfos/ Joj:yfsf] nflu a}+ssf] v"b d'gfkmfdf cfos/ P]g / ;f] P]gcGtu{t ag]sf] lgodfjnladf]lhd vr{, cfdbfgldf cfjzos yk36 u/l cfo lgwf{/0f ul/psf] 5. Joj:yf ul/psf] /sd a9l jf 36L x'g updf s/ lgwf{/0f epsf] ;fndf gfkmf gf]s;fg lx;fadf ;dfof]hg ug{] ul/g5. ;fy} g]kfn n]vfdfg dfkb08n] Joj:yf u/]adf]lhd :ylut s/ bflotj ;DklQ (Deferred Tax Liability/Asset) n]vfíg ug]{ ul/psf] 5. ;Defljt bflotjx ;Defljt bflotjx jf;nftsf] ;Da4 cg';"rldf b]vfopsf 5g\. #! cf} + jflif{s k ltj]bg 69

72 n]vf;dagwl l6kk0flx? cg';"rl ##!= P; 8]enkd]06 a}+s ln= k fktl s_ ;dliff jif{df g]kfn OGe]i6d]06 a}+sn] P; 8]enkd]06 a}+s g]kfn /fi6«a}+saf6 vú ju{sf] Ohfhtkq k fkt ;+:yf_ nfo{ k fktl u/]sf] 5. P; 8]enkd]06 a}+ssf]!)) lsqf z]o/ a/fa/ g]kfn OGe]i6d]06 a}+ssf] $! lsqf z]o/ sfod u/l g]kfn OGe]i6d]06 a}+sn] P; 8]enkd]06 a}+ssf] r'qmf k"fhl?=!,@),#%,&^,%)) sf] ; f?= $(,#$,^^,#^% a/fa/sf] z]o/ hf/l u/]sf] 5.!)) a/fa/ $! z]o/ sfod ubf{ x'g cfpsf] cgt/ /sd?= &!,)!,!),!#% nfo{ hu]8f tyf sf]if cgtu{t PSjLlh;g l/he{ df b]vfo{psf] 5. v_ P; 8]enkd]06 a}+snfo{ k fktl ug'{egbf cufl8 pqm a}+sdf /x]sf] ;Dk"0f{ ;DklQ, bflotj tyf sf]ifx?nfo{ g]kfn OGe]i6d]06 a}+ssf] ;DalGwt vftfdf ;fl/psf] 5. To;}u/L P:f 8]enkd]06 a} +ssf] df /x]sf] ;+lrt gfkmf?=!@,%(,)),^^& nfo{ g]kfn OGe]i6d]06 a}+ssf] gfkmf gf]s;fg aff8kmff8 lx;fadf ;fl/psf] 5. u_ P:f 8]enkd]06 a}+snfo{ k fktl ug'{cl3 g]kfn OGe]i6d]06 a}+ssf] ;+:yfks / ;j{;fwf/0f z]o/ :jfldtj cg'kft &) M#) / P; 8]enkd]06 a}+ssf] %!M$( /x]sf] df k fktl kzrft\ g]kfn OGe]i6d]06 a}+ssf] ;+:yfks ;j{;fwf/0f z]o/ :jfldtj cg'kft ^(M#! x'g cfpsf] 5. 3_ P; 8]enkd]06 a}+ssf] sf] jf;nft tyf )$ )! ;Ddsf] gfkmf gf]s;fg lx;fa a'fbf g+= #^ df b]vfo{psf] r'qmf k"fhldf epsf] kl/jt{g M ;dliff jif{df r'qmf k"fhldf epsf] kl/jt{g lgdg cg';f/ /x]sf] 5. z'?sf] r'qmf ;fpg!_m?= &,@%,%%,)(,*)) hf/l ul/psf] af]g; z]o/?=!,$%,!!,)!,(^) vl08t (Fraction) z]o/sf nflu hf/l z]o/?= $,)#,)),&$) P; 8]enkd]06 a}+s k fktlsf] nflu hf/l z]o/?= $(,#$,^^,#^% clgtd r'qmf cfiff9 #!_?= (,@$,)#,&*,*^% r'qmf k"fhl?= * ca{ k' ofpg' kg]{ g]kfn /fi6«a}+ssf] lgb]{zgnfo{ o; a}+sn] )&$ cufj} kl/kfngf u/]sf] 5. #= ;fwf/0f hu]8f sf]ifm a}+s tyf ljqlo ;+:yf;dagwl sf] bkmf $$ df epsf] Joj:yf cg';f/ a}+sn] cfkm\gf] v"b k ltzt /sd ;fwf/0f hu]8f sf]ifdf /sdfgt/ ug'{k5{. To;}cg';f/ a}+sn] rfn' jif{sf] v"b d'gfkmfaf6?=^@,@*,@^,@@* ;fwf/0f hu]8f sf]ifdf /sdfgt/ u/]sf] 5. ;fwf/0f hu]8f sf]ifdf P; 8]enkd]06 a}+saf6 klg ;dfj]z ul/psf] 5. z'?sf] ;fwf/0f hu]8f ;fpg!_?= #,@),%*,@*,&)# P; 8]enkd]06 a}+saf6 gfkmf gf]s;fg aff8kmff8 lx;faaf6 ;fl/psf]?= ^@,@*,@^,@@* clgtd ;fwf/0f hu]8f sf]if@)&$ cfiff9 #!_?= $,)%,#!,($,*(% $= z]o/ lk ldodm a}+sn] af]g; z]o/ hf/l ug]{ p2]zon]?=!,#*,^),%^,*#) z]o/ lk ldod vftfaf6 gfkmf gf]s;fg aff8kmff8 lx;fadf /sdfgt/ u/]sf] 5. z'?sf] z]o/ lk ;fpg!_?= #,!),$%,!),*%) af]g; z]o/ hf/l ug{sf] nflu gfkmf gf]s;fg aff8kmff8 vftfdf ;fl/psf]?=!,#*,^),%^,*#)_ clgtd z]o/ lk cfiff9 #!_?=!,&!,*$,%$,)@) 70 #! cf} + jflif{s k ltj]bg

73 %= k"fhl ;dfof]hg sf]if M g]kfn /fi6«a}+ssf] )( #) sf] kl/kq g+=!@ )&@ )&# cg';f/ kl/of]hgf shf{ k'gm tflnlss/0f ubf{ k"fhls[t ul/psf] nfo{ ;dliff jif{df gfkmf gf]s;fg aff8kmff8 lx;faaf6 k"fhl ;dfof]hg sf]ifdf ;fl/psf] 5. z'?sf] ;fpg!_m?= (,$^,*(,()! P; 8]enkd]06 a}+saf6 ;fl/psf]?= ^^,%@,^#! gfkmf gf]s;fg aff8kmff8 lx;faaf6 clgtd cfiff9 #!_?=!@,(!,((,@)& ^= nufgl ;dfof]hg sf]if M g]kfn /fi6«a}+ssf] lgb]{zgcg';f/ a}+sn] k"fhl (Equity) df u/]sf] nufglsf] nflu nufgl ;dfof]hg sf]if v8f u/]sf] 5. nufgl laqmlsf nflu pknawf_ d"no?= Joj:yf /sd?= v"b nufgl?= cfjzos sf]ifsf] /sd?= Exempted nufgl ((,)%,^)) ) ((,)%,^)) ) ;"rls[t nufgl %#,!#,&%,@!) &%,&!% %#,!@,((,$(%!,)^,@%,(() ;"rls[t gepsf] hddf cfjzos sf]ifsf] /sd (A) &%,!&,#$,$!)!,@%,&!% &%,!^,)*,^(%!%,@$,@(,%() z'?sf] df}hbft!^,(#,&^,*@* P; 8]enkd]06 a}+saf6 ;fl/psf]!(,&$,%(@ ;dfof]hg %,))) df}hbft /sd (B)!&,!#,%^,$@) a9l 3l6_ (BA)!,*(,@^,*#) Exempted nufgl cgtu{t g]kfn lsnol/ª xfp; ln=, shf{ ;"rgf s]gb ln= / g]zgn a}+lsë OG:6LRo"6df ul/psf] k"fhl (Equity) nufgl kb{5. h;sf nflu g]kfn /fi6«a}+ssf] lgb]{zgcg';f/ nufgl ;dfof]hg sf]ifsf] Joj:yf ug'{kb}{g. &= ;6xL 36a9 sf]if M &$ df ljb]zl d'b f k'gd{"nofígaf6?= #&,%%,(%! nfe epsf] 5. a}+s tyf ljlqo ;+:yf ;DaGwL sf] bkmf $% cg';f/ ljb]zl d'b f k'gd{"nofíg k ltztn] x'g cfpg] /sd?= (,#*,(** ;6xL 36a9 sf]ifdf :yfgfgt/0f ul/psf] 5. o; sf]ifdf P; 8]enkd]06 a}+saf6 ;fl/psf] /sd?=!#,**,!$^ klg ;dfj]z ul/psf] 5. z'?sf] ;fpg!_m?= &,$$,)%,%(^ P; 8]enkd]06 a}+saf6 ;fl/psf]?=!#,**,!$^ gfkmf gf]s;fg aff8kmff8 lx;faaf6 ;fl/psf]?= (,#*,(** clgtd cfiff9 #!_?= &,^&,#@,&#) *= sd{rf/l ;+rosf]if tyf pkbfg Joj:yf M cfos/ df Joj:yf ep cg';f/ sd{rf/l ;+rosf]if of]ubfg /sdnfo{ æg]kfn OGe]i6d]06 a}+s :jls[t cjsfz sf]ifdfæ :yfgfgt/0f ul/psf] 5. jf;nftsf] cg';"rl & df b]vfopsf] cfiff9 #! ut];ddsf] tyf ttkzrft\ e'qmfgl u/]sf] pkbfg bflotj;fu ;Da4 5. ;dliff jif{df?=!^,*$,#^* e'qmfgl ul/psf] 5. )^! kl5sf #! cf} + jflif{s k ltj]bg 71

74 jif{x sf] sd{rf/l pkbfg vr{ æg]kfn OGe]i6d]06 a}+s :jls[t cjsfz sf]ifæ df hddf ug]{ ul/psf] 5. (= cfos/ bflotj tyf :yug s/ M s_ cfos/ cfos/ adf]lhd cfos/ Joj:yf ug]{ ul/psf] 5. 7'nf s/bftfaf6 x'g] clgtd s/ lgwf{/0f / cfos/ Joj:yfdf km/s cfpdf km/s /sdnfo{ clgtd s/ lgwf{/0f epsf] jif{df ;dfof]hg ug]{ ul/psf] 5. ;dliff jif{;dd &) ;Ddsf] clgtd s/ lgwf{/0f ug] { sfd 7"nf s/bftfsf] sfof{noaf6 ;DkGg epsf] 5. t/ 7"nf s/bftfsf] sfof{noaf6 epsf] s/ lgwf{/0fdf ;Gt'i6 x'g g;s]sfn] a} +sn] cf=j=@)^# ^$ )&) ;Ddsf] s/ k'g/fjnf]sgsf] nflu clkn u/]sf] 5. ol clknx? ;DalGwt lgsfox?df ;'g'jfo{sf] qmddf /x]sf 5g\. 7"nf s/bftf sfo{noaf6 dfu ep adf]lhdsf] yk /sdnfo{ gfkmf gf]s;fg lx;fadf Joj:yf ul/psf] 5. o; cf=j= df a} +sn]?= #,@#,$(,@^$ e}k/l cfpg] bflotjdf n]vfíg u/]sf] 5, h'g P:f 8]enkd]06 a} +saf6 ;fl/psf] xf], h;nfo{ cg';'rl!& df b]vfo{psf] 5. ;f] /sd P; 8]enkd]06 a} +ssf] ^! &) ;Ddsf] cfos/ ;+u ;DalGwt 5. v_ :yug s/ c:yfol cgt/sf sf/0f o; jif{ :yug s/ bflotj?= $(,!@,)^@ l;h{gf epsf] 5. h;nfo{ jf;nftdf cgo bflotj cgtu{t b]vfo{psf] 5. c:yfol cgt/sf sf/0f l;h{gf epsf] :yug s/ bflotj k rlnt s/sf b/n] v"b c:yfol cgt/?=!,^#,&#,%$) nfo{ u'0ff u/l tn n]lvp adf]lhd tl/sfaf6 sfod ul/psf] 5. :yug s/ ;DklQ?= pkbfg u}/ a}+lsë ;DklQsf] nflu Joj:yf #(,@%,^&& nufgl Joj:yf sd{rf/l tflnd sf]if sn lgif]k Joj:yf s'n :yug ;DklQ :yug s/ bflotj ;DklQ cfwf/ cfos/ P]gcg';f/_!,@%,&!%!,)!,(),^&* *),(%,!%,&%% ;DklQ cfwf/ a}+s vftf cg';f/_ &&,!@,)*,#$) s'n :yug bflotj #,*#,)&,$!% v"b :yug bflotj ;do cgt/sf] sf/0fn]_ :yugs/ bflotj #)Ü sf b/n] n]vf+lst ul/;lspsf] :yug s/ bflotj a9l 36L_ clws bflotj b]lvpsf] /sd?= &),!$,(^! nfo{ gfkmf gf]s;fg lx;fadf cfdbfgl hgfopsf] 5.!,^#,&#,%$) $(,!@,)^@!,!(,@&,)@# &),!$,(^! 72 #! cf} + jflif{s k ltj]bg

75 !)= lgif]k bflotjdf kl/jt{g tn n]lvp adf]lhd a}+ssf] s'n lgif]k bflotjdf ut s/f]8sf] a[l4 s/f]8 /xg upsf] 5.?= s/f]8df ljj/0f )&$ cf=j= )&# a9l 36L_ Ü rntl dflh{g lgif]k %!=%^ art lgif]k #,^$!=(( d'2tl lgif]k dfu]sf] avt ltg'{kg]{ @(=*#_ hddf C0fkq a}+sn] cfkm\gf] k"/s k"fhl a9fpgsf] nflu km/s km/s cfly{s jif{df km/s km/s b/sf C0fkq hf/l ub{} cfpsf] 5. C0fkq df}hbftsf] lj:t[t ljj/0f tnsf] tflnsfdf b]vfo{psf] 5 M hf/l ldlt Aofh b/ /sd C0fkq e'qmfgl sf]ifsf] /sd e'qmfg ldlt Ü 30,00,00,000 30,00,00, Ü 50,00,00,000 28,57,14, Ü 75,00,00,000 32,14,28, hddf!,%%,)),)),))) (),&!,$@,*%% C0fkq e'qmfgl sf]ifdf x/]s jif{ C0fkqsf] /sdnfo{ C0fkq jif{ cjlwn] efu u/l /sdfgt/ ug'{kg]{ /sd lgwf{/0f ul/psf] 5. ;f] cg'?k o; cf=j=df C0fkq e'qmfgl sf]ifdf :yfgfgt/0f u/]sf] 5.!@= ljt/0f, c;"nl tyf ldgfxf ul/psf] ;ffjf tyf Aofh s_ o; cf=j=sf] cgto;dd s'n?=!#,&!)=!@ s/f]8 shf{ k jfx epsf] tyf?=!!,&$@=&! s/f]8 shf{ c;'nl epsf] 5. v_ shf{x? l:y/ ;DklQ / jf d]l;g tyf cf}hf/ Psfp06 l/l;pan Jofkfl/s ;DklQ hdfgt cflbsf] lwtf]df k jfx ul/psf] 5. u_ o; cf=j= df?= #*,^^,&#% sf] shf{ ckn]vg ul/psf] 5, h;nfo{ sú df b]vfo{psf] 5.!#= l:y/ ;DklQ s_ P; 8]enkd]06 a}+saf6 k fkt ul/psf] l:y/ ;DklQnfO{ g]kfn OGe]i6d]06 a}+ssf] ;DalGwt l:y/ ;DklQ ju{df n]vfíg ul/psf] 5. k fktl epsf] l:y/ ;DklQ / ;f] ;DaGwL ljj/0f cg';"lr!$ df pnn]v ul/psf] 5. v_ P:f 8]enkd]06 a}+saf6 k fkt l:y/ ;DklQsf] k fktl kzrft\ x f; s L g]kfn OGe]i6d]06 a}+ssf] x f; s L gllt cg'?k Straight Line Method (SLM) tl/sfn] ul/psf] 5. P; 8]enkd]06 a}+sn] Written Down Value (WDV) tl/sfn] x f; s L ug]{ u/]sf] lyof]. u_ P; 8]enkd]06 a}+saf6 k fkt?=!!,$#,)^,!*& sf] huuf, huuf lzif{sdf ;dfj]z ul/psf] 5. #! cf} + jflif{s k ltj]bg 73

76 !$= u}/a}+lsë ;DklQ o; jif{ cfiff9 df;fgt;dd a}+s ;Fu?= sf] u}/ a}+lsë ;DklQ /x]sf] 5. o; dwo]?=!,^%,%(,)(! P; 8]enkd]06 a}+saf6 k fkt epsf] xf] eg] affsl?= #,#(,%*,))) g]kfn OGe]i6d]06 a}+ssf] xf]. g]=/f= a}+ssf] lgb]{zg cg'?k u}/ a}+lsë ;DklQsf nflu ztk ltzt Joj:yf ul/;lspsf] 5. z'?sf] ;fpg!_m?= #(,@%,^&& g]kfn OGe]i6d]06 a}+ssf] yk?= #,#(,%*,))) P; 8]enkd]06 a}+saf6 ;fl/psf]?=!,^%,%(,)(! clgtd cfiff9 #!_?= %,$$,$@,&^* o; jif{ yk ul/psf] u}/ a}+lsë ;DklQ?= #,#(,%*,))) sf] nflu Joj:yf gfkmf gf]s;fg lx;fadf vr{ n]lv Joj:yf ul/psf] 5 eg] affsl /sd?= %@,)(,&#* Aoh d"ntjl lx;faaf6 lkmtf{ lno{ Joj:yf ul/psf] 5. df b]vfo{psf] ;DklQ laqmlaf6 gfkmf?=!,$*,@$,(%$ dwo] u}/ a}+lsë ;DklQ laqmlaf6 epsf] /x]sf] 5.!%= ;/sf/l C0fkq tyf 6«]h/L lan;df ul/psf] nufgl M s_ lk ldod d"nodf vl/b ul/psf] ;/sf/l C0fkqdf ul/psf] nufglnfo{ Face Value df n]vf+sg ug]{ ul/psf] 5. o:tf k sf/sf C0fkqdf e'qmfgl ul/psf] lk ldod /sdnfo{ cu Ld e'qmfglsf?kdf n]vf+sg u/l C0fkqsf] cjlwe/ ;db/n] ckn]vg ul/g5. v_ 5"6 d"nodf vl/b ul/psf] 6]«h/L lan;nfo{ nfut d"nodf n]vf+sg ug]{ ul/psf] 5. 5"6 d"nonfo{ kflsg;s]sf] Aofhsf?kdf n]vf+lst u/l 6«]h/L lan;sf] cjlwe/df ;db/n] cfdbfgl hgfpg] ul/psf] 5.!^= Aofh cfdbfgl s_ ;xljqlos/0f cgtu{t k jfx ul/psf] kl/of]hgf shf{sf] Aofh afx]s Aofh cfdbfglnfo{ gub cfwf/df n]vf+sg ul/psf] 5. v_ ;xljqlos/0f cgtu{t k jfx epsf] kl/of]hgf shf{df lgdf0ff{wlg cj:yfsf] AofhnfO{ g]kfn /fi6«a}+ssf] lgb]{zg adf]lhd k"fhls[t ul/psf] 5. of] jif{?=!*=$* s/f]8 Aofh /sd k"fhls[t ul/psf] 5. u_ g]=/f=a}+ssf] )( #) sf] kl/kq g+!@ )&@ )&# s/f]8 Aofh k"fhls[t ul/psf] 5, h'g e"sdk tyf gfsfagblsf sf/0f k'gm tflnlss/0f ul/psf kl/of]hgf shf{x?;fu ;DalGwt x'g\. ;fy} k"fhls[t Aofh /sdnfo{ gfkmf gf]s;fg aff8kmff8 lx;faaf6 k"fhl ;dfof]hg sf]ifdf ;fl/psf] 5. pqm sf]if shf{ r'qmf gep;dd /lx/xg] 5.!&= ckn]vg ug{ affsl vr{ s_ sdko'6/ ;km\6j]o/df ul/psf] vr{nfo{ cg';"rl!^ df ckn]vg ug{ affsl vr{æ cgtu{t jul{s/0f ul/psf] 5. sdko'6/ ;km\6j]o/nfo{ vl/b ul/psf] ldltaf6 % jif{leq ckn]vg ug]{ ul/psf] 5. o; jif{?=!,*#,$),&@# gfkmfgf]s;fg vftfdf /sdfgt/ u/l ckn]vg ul/psf] 5. v_ P; 8]enkd]06 a}+ssf] ;km\6j]o/ k'df]/l_ nfo{ pqm a}+sn] k"0f{?kdf ckn]vg ul/;s]sf] lyof].!*= hf]lvd;dagwl Joj:yf tyf hf]lvd a]xf]g]{ sf]ifaf6 lkmtf{ s_ g]kfn /fi6«a}+ssf] lgb]{zgcg';f/ o; jif{?= $*,!$,^!,$(^ ;+efljt shf{ gf]s;fgl Joj:yfsf] nflu gfkmfgf]s;fg lx;fadf vr{ hgfo{psf] 5, h;nfo{ df b]vfo{psf] 5. v_ rfn' cf=j=df hf]lvd a]xf]g]{ sf]ifaf6?= (,^!,@),@(@ lkmtf{ ul/psf] 5. pqm /sd df b]vfo{psf] #! cf} + jflif{s k ltj]bg

77 !(= ckn]vg epsf] shf{ c;'nl cl3nnf jif{x?df ckn]vg epsf] shf{ dwo] o; jif{ cf+lzs?kdf?= c;'nl epsf] 5. pqm /sdnfo{ df c;fdfgo sf/]faf/x?af6 epsf] d'gfkmf vr{ lzif{sdf b]vfo{psf] nfef+z cfdbfgl M cf=j=@)&# &$ df ljlegg ;+:yfdf ul/psf] nufglaf6 v"b nfef+z?= ^,%),%#,(#! k fkt epsf] 5 h'g o; k sf/sf] qm= ;+= ;+:yfsf] gfd k fkt nfef+z?=! Pg=cfO=la=Pn= Soflk6n Pg=cfO=la=Pn= ;Da[l4 # glan Aofn]G:8 km08! %),#@,@)% $ Pg=Pd=la= ;'ne % l;4fy{ OlSj6L cf]l/o06]8 l:sd %^,^!,*#$ ^ ICRA g]kfn lnld6]8 &^,))) & g]kfn lsnol/ë xfp; lnld6]8 $,&%,))) * shf{ ;"rgf s]gb lnld6]8 *,(@,^$( (?/n dfo{qmf] kmfogfg; 8]enkd]06 ;]G6/ (RMDC) #^,*!,()(!) :jfjndag ljsf; a}+s lnld6]8 ^#,#(,##* s'n ^,%),%#,(#! sn lgif]ksf] nflu Joj:yf P; 8]enkd]06 a}+saf6 k fkt a}+s df}hbft dwo]?= %$,$(,#@# Soflk6n dr]{06 a}+lsë P08 kmfogfg; ln= df /x]sf] sn lgif]k ;dfj]z 5. pqm kmfogfg; sdkgl g]kfn /fi6«a}+s 4f/f ;d:ofu :t 3f]if0ff ul/psf]n] pqm /sddf ztk ltzt gf] S;fgL Joj:yf /flvpsf] 5. pqm Joj:yfnfO{ cg';"rl & cgtu{t cgo bflotj!#=$_ df a}+s df}hbftsf] nflu Joj:yf lzif{sdf b]vfo{psf] ;'gsf l;ssf ;'g Ol6Pkm k/n df]n_ sf ;'gsf l;ssfx? /?= %&,)^,)*# k/n df]n_ sf ;'g Ol6Pkm /x]sf 5g\ h;nfo{ jf;nftsf] cgo ;DklQ df b]vfo{psf] lx;fa ldnfgsf] cj:yf?= xhf/df ljj/0f! jif{ ;Dd!# jif{ ;Dd # jif{ egbf a9l hddf Ph]G;L vftfx? #,^!,&*% &,@),^(@ %#$!),*#,)!@ zfvf lx;fa ldnfg dfly plnnlvt /sddf 8]la6 cgt/ / qm]l86 cgt/ b'j} ;dfj]z epsf 5g\. o:tf km/s /sdx?sf] b}lgs?kdf klxrfg x'g] u/]sf] / cfjzostfcg';f/ ;dfof]hg ug]{ ul/psf] 5. #! cf} + jflif{s k ltj]bg 75

78 @$= efl/t cf};t Aofhb/ cgt/ &$ sf] nflu efl/t cf};t Aofhb/ lgdg adf]lhd /x]sf] 5. shf{ tyf nufgldf Aofh cfo :yfglo d'b fdf_ lgif]k tyf ;fk6lsf] nfut :yfglo d'b fdf_ efl/t cf};t Aofh cgt/ :yfglo d'b t/ntf ljj/0f tflnsf ;DklQ!() lbg (!!*) lbg! jif{ egbf a9l *=#& Ü $=)# Ü $=#$ Ü?= xhf/df s'n /sd gub df}hbft a}s df}hbft ljb]zl a}+sdf ul/psf] nufgl sn dgl g]kfn ;/sf/sf] C0fkq g]kfn /fi6«a}+ssf] C0fkq cgt/ a}+s shf{ shf{ tyf ;fk6l k fkt ug'{kg]{ Aofh nufgl cgo 2,47,82,16 15,41,93,74 9,28,38,68 3,28,96,00 4,00,00 32,78,22,22 14,02,49 50,00,00 11,63,99,04 2,00,00,00 8,57,44,48 1,35,00,00 11,81,68,26 8,43,58,35 75,17,34 39,81,14,07 2,50,43,50 2,47,82,16 15,41,93,74 9,28,38,68 3,28,96,00 12,28,58,35 75,17,34 4,00,00 1,04,62,48,08 14,02,49 2,50,43,50 s'n ;DklQ ^#,$#,#%,@(!@,!#,((,)$!),%&,$$,$*!#,!^,^*,@^ %!,%),##,@^!,%),*!,*),#$ bflotj rntl lgif]k art lgif]k dfu]sf] avt lbg'kg]{ dflh{g lgif]k C0f kqx cgt/ a}+s ;fk6l k'g{nufgl cgo bflotj ;G8«L qm]l86;{ e'qmfgl lbg'kg]{ lan e'qmfgl lbg'kg]{ Aofh z]o/ k"fhl tyf hu]8f 6,61,31,13 16,66,43,47 8,34,55,92 24,13,24 32,46,73 14,38,62 25,92,81 1,40,23,18 5,55,47,82 13,38,91,47 2,31,00,95 2,10,34,76 8,33,21,79 12,72,02,75 1,40,23,18 5,55,47,82 12,89,95,18 4,90,81,12 19,44,17,43 6,33,76,53 1,55,00,00 1,61,15,60 18,70,78,84 16,42,93,36 55,54,78,34 53,69,21,85 1,55,00,00 24,13,24 3,92,16,55 32,46,73 14,38,62 25,92,81 18,70,78,84 s'n %@,%%,^(,%@!,%),*!,*),#$ v"b ljqlo ;DklQ #),*$,!#,#^!),%!,^$,#*_!@,%*,!$,*!_ ^,^*,(&,(!_!,)%,#^,@^_ ;l~rt v"b ljqlo ;DklQ 76 sd{rf/l tflnd tyf ljsf; sf]if g]kfn /fi6«a}+ssf] sf] kl/kq g+=!) )&# )&$ sf] kl/kfngf :j?k sd{rf/l tflnd tyf ljsf; sf]if df?= *!,*@,##^ /sdfgt/ ul/psf] 5. sd{rf/l tflnd vr{sf] ljj/0f lgdg cg';f/ /x]sf] 5. )&# sf] s'n sd{rf/l vr{?= %^,(&,$(,@%% )&$ df vr{ ug'{kg]{?=!,&),(@,$&* #! cf} + jflif{s k ltj]bg

79 )&$ df epsf] vr{?= sd{rf/l tflnd tyf ljsf; sf]ifdf /sdfgt/?= P; 8]en]kd]06 a}+saf6 ;fl/psf]?= sf]ifsf] clgtd ;fdflhs pq/bflotj sf]if g]kfn /fi6«a}+ssf] ldlt sf] kl/kq g+=!! )&# )&$ sf] kl/kfngf :j?k a}+sn]?= v'b gfkmsf]! k ltzt_ gfkmf gf]s;fg aff8kmff8 lx;faaf6 ;fdflhs pq/bflotj sf]if df /sdfgt/ u/]sf] 5. )&$ df ;fdflhs pq/bflotj sfo{ df vr{ u/]sf] 5. sf] ;fdflhs pq/bflotj sf]ifdf P; 8]enkd]06 a}+saf6 k fkt epsf]?=!%,^&,!#* ;d]t ;dfj]z ul/psf] sd{rf/l af]g; af]g; vr{ cfos/afkt Joj:yf ug'{k"j{ tyf af]g; Joj:yfkl5 x'g cfpg] gfkmfsf]!) k ltztsf] b/n] sd{rf/l af]g; vr{ hgfopsf] a}+sn] ;xfos sdkgl / cgo sdkglx?df u/]sf] nufglm s_ a} +sn] dr] {G6 a} +lsë Joj;fo ug{sf nflu?= %) s/f]8sf] clws[t k" FhL /?=!$ s/f]8 %) nfvsf] hf/l k" FhL /xg] u/l PgcfO{aLPn Soflk6n dfs] {6\; lnld6]8 gfds Ps ;xfos sdkgl :yfkgf u/]sf] 5. hf/l k" FhL dwo] &) k ltzt?=!) s/f]8!% nfv_ df a} +ssf] nufgl /x]sf] 5 eg] affsl #) k ltzt ;j{;fwf/0fsf nflu 5' ofopsf] 5. pqm ;xfos sdkglsf] sfo{if]q dr]{g6 a}+lsë, lgif]k ;xeflutf l8kf]lh6/l kfl6{l;k]g6_, Do"Ro"cn km08, k foe]6 OlSj6L tyf k/fdz{ ;]jf cflb /x]sf] 5. ;xfos sdkgln] &$ df?=!)=)* s/f]8 v"b d'gfkmf u/]sf] 5. cl3nnf] cf=j= df v"b gfkmf?= %=@$ s/]f8 /x]sf] lyof]. sdkgln] o; jif{ r'qmf k"fhlsf] (& k ltzt af]g; z]o/ k ltzt gub nfef+z 3f]if0ff u/]sf] 5. v_ P; 8]enkd]06 a}+sn] &,)),))) lsqf z]o/ k ltz]o/?=!)) sf b/n] P; Soflk6n ln= df dr]{06 a}+lsë sfo{ ug{ nufgl u/]sf] lyof]. P; Sofkl6n ln= P; 8]enkd]06 a}+ssf]!))ü ;xfos sdkgl lyof]. P; 8]enkd]06 a}+snfo{ g]kfn OGe]06d]06 a}+sn] k fktl u/]kl5 pqm sdkgl a}+ssf]!))ü ;xfos sdkgl epsf] 5. )&$ df P; Soflk6n ln= n]?= #=&@ s/f]8 v'b d'gfkmf cfh{g u/]sf] 5. cl3nnf] jif{df v"b gfkmf )=(! s/f]8 lyof]. P; Soflk6n ln= n] ;+lrt d'gfkmfaf6 o; jif{ r'qmf k"fhlsf] %@ k ltzt gub nfef+z 3f]if0ff u/]sf] 5. u_ a}+sn] df]afo{n a}+lsë ;]jf ;+rfngsf nflu?= *@=*( nfv Flexiterm Pvt. Ltd. df s/f]8 M Nepal Pvt. Ltd. df nufgl u/]sf] 5. #)= ;DalGwt ;+:yfalr epsf] sf/f]af/ (Related Party Disclosure) s_ PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8sf] cfly{s &$ sf] cgtodf g]kfn OGe]i6d]06 a}+ssf] ljlegg vftfx?df?!=## s/f]8?k}off lgif]k /x]sf] 5. o; jif{ a}+sn] pqm s/f]8 Aofh k bfg u/]sf] 5. To;} u/l P; Soflk6n ln= sf] cfly{s &$ sf] cgtodf g]kfn OGe]i6d]06 a}+ssf] ljlegg vftfx?df?=!&=*$ s/f]8?k}off lgif]k /x]sf] 5. o; jif{ a}+sn] pqm vftfx?df?= %&=%! xhf/ Aofh k bfg u/]sf] 5. v_ a}+sn] cfkm\gf] Ps hgf sd{rf/l PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8df k d'v sfo{sf/l clws[tsf]?kdf lgo'qm u/]sf] 5. &$ df sdkgln] lghnfo{?=!@=^ nfv eqf :j?k k bfg u/]sf] 5. u_ a}+sn] Joj:yfkg ;]jf tyf cgo cfwf/e"t ;]jf pknaw u/fpgsf] nflu ;xfos sdkgl;+u Service Level Agreement (SLA) u/]sf] 5. a}+sn] SLA jfkt ;xfos sdkglaf6 jflif{s?= ^ nfv k fkt ub{5. #! cf} + jflif{s k ltj]bg 77

80 3_ a}+sn] ;xfos sdkgl PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8nfo{ cfkm\gf] z]o/ /lhi6«f/ lgo'qm u/]sf] 5. pqm sfo{sf] nflu a}sn] PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8 nfo{ jflif{s?= % nfv k bfg ub{5. a}+sn] z]o/ / lhi6«f/ sfo{df ;xof]u k' ofpgsf] nflu cfkm\gf sd{rf/l ;xfos sdkgldf v6fpsf] 5. pqm sd{rf/lsf] jflif{s vr{ ;xfos sdkglåf/f a}+snfo{ ;f]wegf{ ug]{ ul/psf] 5. ª_ a}+sn] PgcfO{aLPn Do'r'cn km08 cgtu{tsf] PgcfO{aLPn ;d[l4 km08df lah k"fhlsf]?kdf?=!$ s/f]8 nufgl u/]sf] 5. To;} ul/ PgcfO{aLPn k ult km08df?=!)=@% s/f]8 lah k"fhlsf]?kdf nufgl u/]sf] 5. r_ o; jif{ a}+sn]?=!=(# s/]f8 PgcfO{aLPn Soflk6n dfs]{6\; ln=sf] )&# sf] gfkmfaf6 nfef+z :j?k k fkt u/]sf] 5. 5_ a}+sn] ;xfos sdkgln] Joj:yfkg u/]sf] z]o/ tyf D.P. vftfsf] nflu a}+s/sf]?kdf sfo{ u/] afkt?= $%=$ nfv ;]jf z'ns k fkt u/]sf] 5. h_ a}+s / ;xfos sdkgl alrsf] ;Dk"0f{ sf/f]af/ c;da4 kifalrsf] sf/f]af/ (Arms Length Basis) sf]?kdf ug]{ ul/psf] 5. #!= ljt/0f x'g affsl nfef+z #@= )&$ sf] cfiff9 df;fgt ;Dd cl3nnf jif{x?sf] ljt/0f x'g affsl nfef+z?=!*,**,@),*)& /x]sf] 5. ef/tlo d'b f a}+sn]?= #$,&*,$)) a/fa/sf] ef?= %)) /!))) b/sf ef/tlo d'b f ;6xL ug{ g]kfn /fi6«a}+s k7fpsf]df pqm d'b f xfn;dd ;6xL x'g affsl /x]sf] 5. ##= k :tfljt nfef+z a}+ssf] ;+rfns ;ldltn] gfkmfaf6 r'qmf k"fhlsf]!% Ü af]g; z]o/?=!,#*,^),%^,*#)_ Ü gub ljt/0f ug]{ k :tfj u/]sf] 5. h'g jflif{s ;fwf/0f ;efaf6 cg'df]bg x'g affsl 5. #$= sf t'ngftds c+sx &# sf c+sx cfjzostfcg';f/ k'gm jul{s/0f ul/psf] 5. #%= ;dfof]hg /sdx lgs6td?k}offdf b]vfo{psf 5g\. #^= P; 8]enkd]06 a}+s k fktl ;DaGwL cltl/qm ljj/0f P; 8]enkd]06 a}+ssf] k fktl egbf cl3sf] jf;nft tyf gfkmfgf]s;fg lx;fa lgdg cg';f/sf] /x]sf] #! cf} + jflif{s k ltj]bg

81 P; 8]enkd]06 a}+s lnld6]8 ut]sf] k"fhl tyf bflotj rfn' cf=j=?= ut cf=j=?=!= z]o/ k"fhl 1,203,576,500 hu]8f tyf sf]ifx? 366,847, ,701,145 #= C0fkq tyf ag8 $= ltg{ affsl shf{ ;fk6 1,346,018,493 %= lgif]k bflotj 7,448,998,459 7,589,068,527 ^= e"qmfgl lbg"kg{] ljnx? 581,933 38,811,508 &= k :tfljt gub nfef+z *= cfos/ bflotj (= cgo bflotj 165,408, ,727,676 s"n k"fhl tyf bflotj 9,185,413,720 10,847,311,149 ;DklQ tyf hfoh]yf rfn' cf=j=?= ut cf=j=?=!= gub df}hbft 155,741,235 g]kfn /fi6«a}+sdf /x]sf] df}hbft 709,749, ,185,553 #= a}+s tyf ljtlo ;+:yfdf /x]sf] df}hbft 46,883, ,276,767 $= dfu tyf cnk ;'rgfdf k fkt x'g] /sd 339,901,078 2,959,251,999 %= nufgl 608,358, ,236,135 ^= shf{ ;fk6 tyf ljn v/lb 7,078,827,659 6,749,968,366 &= l:y/ ;DklQ 90,537,424 99,169,154 *= u}/ a}lsë ;DklQ (= cgo ;DklQ 155,415, ,722,086 s"n ;Dklt 9,185,413,720 10,847,311,149 #! cf} + jflif{s k ltj]bg 79

82 P; 8]enkd]06 a}+s lnld6]8 gfkmfgf]s;fg ;fn >fj0f! ut];dd ljj/0f rfn' cf=j=?= ut cf=j=?=!= Jofh cfdbfgl 781,776,457 Jofh vr{ 447,692, ,592,424 v"b Aofh cfdbfgl 334,083, ,923,724 #= sldzg tyf l8:sfp06 9,390,771 7,872,915 $= cgo ;~rfng cfdbfgl 27,470,712 32,353,070 %= ;6xL 36j9 cfdbfgl 1,777,772 7,879,004 s"n ;~rfng cfdbfgl 372,723, ,028,714 ^= sd{rf/l vr{ 94,860,068 81,668,096 &= cgo ;~rfng vr{ 82,126,772 77,146,185 *= ;6xL 36j9 gf]s;fg ;Defljt gf]s;fgl Joj:yf cl3sf] ;~rfng d"gfkmf 195,736, ,214,433 (= ;Defljt gf]s;fgl Joj:yfx? 30,262,167 74,783,471 ;~rfng d"gfkmf 165,474, ,430,962!)= u}/ ;~rfng cfdbfgl gf]s;fg 7,323,691 51,011,530!!= ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ 81,405, ,628,672 lgoldt sf/f]jf/af6 epsf] d"gfkmf+ 254,203,291 c;fdfgo sf/f]jf/x?af6 epsf] vr{ (16,376,411) (30,160,200) ;Dk'0f{ sf/f]jf/ ;dfj]z kl5sf] d"gfkmf 237,826, ,910,964!#= sd{rf/l af]g; Joj:yf 21,620,625 35,719,179!$= cfos/ Joj:yf 59,492, ,831,387 o; jif{sf] s/ Joj:yf 57,792, ,175,125 ut jif{;ddsf] s/ Joj:yf o; jif{sf] :yug s/ cfdbfgl vr{ 1,700, ,262 v"b gfkmf gf]s;fg 156,713, ,360, #! cf} + jflif{s k ltj]bg

83 cdbfgl!= ut jif{;ddsf] ;+lrt o; jif{sf] d'gfkmf #= ;6xL 36a9 sf]if $= nufgl ;dfof]hg sf]if %= :yug s/ hu]8f P; 8]enkd]06 a}+s lnld6]8 gfkmfgf]s;fg aff8kmff8 ;fn >fj0f! ut];dd ljj/0f rfn' cf=j=?= ut cf=j=?= 127, ,713, ,063 1,700,020 4,820, ,360,398 1,590, ,262 hddf 158,810, ,427,253 vr{!= ut jif{;ddsf] ;+lrt o; jif{sf] gf]s;fg #= ;fwf/0f hu]8f sf]if $= e}k/l cfpg] hu]8f %= ;+:yf ljsf; sf]if ^= nfef+z ;dls/0f sf]if &= sd{rf/l ;DaGwL tfnld sf]if tyf hu]8fx? *= k :tfljt nfef+z (= k :tfljt af]g; z]o/ hf/l!)= ljz]if hu]8f sf]if!!= ;6xL 36a9 sf]if!@= k"+hl lkmtf{ hu]8f sf]if!#= k"+hl ;dfof]hg sf]if!$= nufgl ;dfof]hg sf]if!%= :yug s/ hu]8f!^= ;fdflhs kl/of]hgf sf]if 31,342,769 1,567,138 50,272, ,581, ,671 5,159,736 63,720 hddf 32,909, ,299,608 ;l~rt d'gfkmf gf]s;fg_ 125,900, ,645 #! cf} + jflif{s k ltj]bg 81

84 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot k '*]lg;on Soflk^n Dofg]hd]G^ sdkgl k f=ln= l;l^hg a}+s OG^/g]zgn ln= ;g/foh xf]ln*é; k foe]^ ln= k e' a}+s ln= /fh]z pkfwofo Pg cfo l; Pl;of a}+s ln= nf]^; OGe]i^d]G^ k foe]^ ln= l;l^hg a}+s OG^/g]zgn ln= >L u)f]z k f]lk^<{h P)* OGe]i^d]G^ k f=ln l;l^hg a}+s OG^/g]zgn ln= sdnf OGe]i^d]G^ k foe]^ ln= g]kfn a+unfb]z a}+s ln= af]w k ;fb lqkf&l Pg cfo l; Pl;of a}+s ln= :ofs/ sdkgl k f=ln s}nfz lasf; a}+s o'gfo^]* l*li^<jo'^/ g]kfn k f=ln Pe/]i^ a}+s ln= :ofs/ sdkgl k f=ln k fod sdl;{on a}+s ln= g]kfn hg/n dfs]{l^~ k f=ln s}nfz lasf; a}+s g]kfn hg/n dfs]{l^~ k f=ln k fod sdl;{on a}+s ln= P=P=P=Oge]i^d])^ k f=ln= lxdfnog a}+s ln= ds{g^fon OGe]i^d])^ k f=ln= lxdfnog a}+s ln= nfokm s]o/ l*li^<jo'^/ k f=ln Pe/]i^ a}+s ln= ljsf; ODk]S; l;len a}+s ln= k] i^fog OGe]i^d]G^ k f=ln ;flgdf a}+s ln= ;'o{ Ogkmf]l;; k f=ln ;flgdf a}+s ln= hgs lji^ OG^/g]zgn *]enkd])^ a}+s ln= lgt' cu jfn s}nfz lasf; a}+s %f]^] nfn /f}lgof/ Pg Pd la a}+s ln= cf]d ;fx d]#f a}+s ln= nljg pbf; olt *]enkd])^ a}+s ln= >L u)f]z k f]lk^<{h P)* OGe]i^d]G^ k f=ln k e' a}+s ln= OGb yfkf c/lgsf] *]enkd])^ a}+s ln= !fg]Gb k wfg g]kfn a}+s ln= af]w k ;fb lqkf&l k e' a}+s ln= gljg cu jfn PS;]n *]enkd])^ a}+s ln= #! cf} + jflif{s k ltj]bg

85 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot of]u]zj/ (sfn k e' a}+s ln= nidl vgfn l;$fy{ a}+s ln= /df kf)*] kgt ;flgdf a}+s ln= >L/fd kf)*] ;flgdf a}+s ln= af]w lqkf&l k e' a}+s ln= ljsf; cu jfn k fod sdl;{on a}+s ln= zf]ef ld> cfo l; Pkm l; kmfogfg; ln= sljtf v*\sf núldagl kmfogfg; P)* lnlhª s+= ln= lblnk d'gfsdl{ ;g/fo{h a}+s ln= l*=s]+ OG^/g]zgn OGe]i^d])^ k f=ln= olt *]enkd])^ a}+s ln= ?xfgL sfsl{ núldagl kmfogfg; P)* lnlhª s+= ln= /fd ;fpb d]#f a}+s ln= cldt cu jfn l;$fy{ a}+s ln= zfgtf >]i& >L OGe]i^d])^ P)* kmfogfg; b'uf{ v*\sf OG^/g]zgn *]enkd])^ a}+s ln= xfyj] Oge]i^d])^ g]kfn ln= s'df/l a}+s ln= ?k]Gb kf}*]n leaf]/ lasf; a}+s ln= b/jf/ :Sjfo/ OGe]i^d])^ k f=ln= b]jm lasf; a}+s ln= ;'Gb/ >]i& oògfo^]* kmfogfg; ln= 2, /fh]z pkfwofo Pg cfo l; Pl;of a}+s ln= OGb clwsf/l uúx]zj/l dr]{g^ a}+lsª P)* kmfogfg; ;+lutf s]=l;= Unf]jn cfopdo{ a}+s ln= ladnf k wfg g]kfn a}+s ln= /fd l/dfn uúx]zj/l dr]{g^ a}+lsª P)* kmfogfg; >L/fd (sfn l;$fy{ a}+s ln= lht]gb a}w ;g/fo{h a}+s ln= agbgf zdf{ l;l^hg a}+s OG^/g]zgn ln= lai)f' e)*f/l OG^/g]zgn *]enkd])^ a}+s ln= 1, #! cf} + jflif{s k ltj]bg 83

86 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot sljtf v*\sf c/lgsf] *]enkd])^ a}+s ln= l/tf ah frfo{ u'efh' l;l^hg a}+s OG^/g]zgn ln= ;ljg dxh{g b]jm lasf; a}+s ln= czf]s cu jfn lxdfnog a}+s ln= uf} dftf OGe]i^d]G^ s+=k f=ln= sfi&d)*k *]enkd])^ a}+s ln= ggb ltjf/l olt *]enkd])^ a}+s ln= ho kf&s glan a}+s ln= ;'lznf ldqn l;$fy{ a}+s ln= lai)f' e)*f/l g]kfn qm]l*^ P)* sd;{ a}+s ln= ljsf; wf/]jf nidl a}+s ln= la/]gb a}w ;g/fo{h a}+s ln= /fd s]= l;= l;gw' lasf; a}+s ln= zf]ef s]=l; l;gw' lasf; a}+s ln= lbk]; v]tfg Pg Pd la a}+s ln= k Nxfb /]UdL s'df/l a}+s ln= /fh yfkf ;+flu nf *]enkd])^ a}+s ln= zfgtf /fd a:g]t l;l^hg a}+s OG^/g]zgn ln= ljgo pkfwofo nidl a}+s ln= ljgf]b h}g wf/]jf nidl a}+s ln= k'hf cu jfn v]tfg nidl a}+s ln= ;Gb]z (sfn l;$fy{ a}+s ln= ;+hlj (sfn l;$fy{ a}+s ln= tfgf uf}td n'djlgl a}+s ln= dw' e /fo{ l/nfoan *]enkd])^ a}+s ln= l;tf pk ]tl l;$fy{ a}+s ln= r]tg k wfg g]kfn a}+s ln= lgletf k wfg g]kfn a}+s ln= k sfz bjf*l k fod sdl;{on a}+s ln= #! cf} + jflif{s k ltj]bg

87 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot lktfdj/ ;fksf]^f s}nfz lasf; a}+s zld{nf vgfn lalhg]; oòlge{;n *]enkd])^ a}+s ln= >L/fd (sfn l;$fy{ a}+s ln= ;f]letf vql glan a}+s ln= !fg]Gb k wfg g]kfn a}+s ln= clk{t cu jfn lxdfnog a}+s ln= ;lsnf >]i& glan a}+s ln= a}s')& kf}*]n sfi&d)*k *]enkd])^ a}+s ln= P=P=P=Oge]i^d])^ k f=ln= l;l^hg a}+s OG^/g]zgn ln= k ]d ltjf/l cggkò)f{ ;]leª P)* OGe]i^d])^ u?* OGe]i^d])^ P)* *]enkd])^ k f=ln= nidl a}+s ln= cldt sfo:y l;l^hg a}+s OG^/g]zgn ln= dw's/ nfld%fg] nidl a}+s ln= dgf]/df clwsf/l l;l^hg a}+s OG^/g]zgn ln= k sfz >]i& glan a}+s ln= gf/fo)f l;hfktl s}nfz lasf; a}+s gdf]a'$ OGe]i^d])^ k f=ln= d~hú>l kmfogfgl;on zld{nf vgfn ;flgdf a}+s ln= lbks bxfn l/nfoan *]enkd])^ a}+s ln= xl/s[i)f ;fx l/nfoan *]enkd])^ a}+s ln= o'j/fh l;^f}nf l/nfoan *]enkd])^ a}+s ln= clnhf vgfn cfo l; Pkm l; kmfogfg; ln= ;'ldt vgfn cfo l; Pkm l; kmfogfg; ln= l/t' /f)ff uú*ljn kmfogfg; ln= sgrg ;'j]bl b]jm lasf; a}+s ln= cd[t clwsf/l ^'l/hd *]enkd])^ a}+s ln= /lzdnf >]i& c/lgsf] *]enkd])^ a}+s ln= ho zf/bf ;]~rú/l sd{l;on a}+s ln= #! cf} + jflif{s k ltj]bg 85

88 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot zld{nf vgfn l;$fy{ a}+s ln= s[i)f a'(fyf]sl o'lgs kmfogfg; ln= zfgtf >]i& l;l^hg a}+s OG^/g]zgn ln= zfgtf/fd a:g]t sfi&d)*k *]enkd])^ a}+s ln= u')f aghf/f gf/fol)f g]zgn kmfogfg; ln= gj/fh kf]v/]n OG^/g]zgn *]enkd])^ a}+s ln= ch'{g a:g]t oògfo^]* kmfogfg; ln= l;tf e]^jfn l/nfoan *]enkd])^ a}+s ln= ljz]zj/ ;'j]bl s}nfz lasf; a}+s ;'dg aflgof OGkm f:^«sr/ *]enkd])^ a}+s ln= lalgtf Gof}kfg] b]jsf]^f uú*ljn kmfogfg; ln= k s]z >]i& s'df/l a}+s ln= ;'dg aflgof g]kfn qm]l*^ P)* sd;{ a}+s ln= ;Gtf]if cfrf{o c/lgsf] *]enkd])^ a}+s ln= lbks cu jfn s'df/l a}+s ln= /fh]gb cdfto olt *]enkd])^ a}+s ln= s[i)f k ;fb rsf^' c/lgsf] *]enkd])^ a}+s ln= lblnk e)*f/l b]jm lasf; a}+s ln= led k ;fb kgt c/lgsf] *]enkd])^ a}+s ln= g/]z ah frfo{ uú*ljn kmfogfg; ln= g/]z c^n nidl a}+s ln= ;/f]h dxh{g Pg Pd la a}+s ln= ggb zdf{ hgtf a}+s ln= ab L clwsf/l l;l^hg a}+s OG^/g]zgn ln= ;'lgn b]jsf]^f l/nfog; kmfogfg; ln= sfdf]b emf uúx]zj/l dr]{g^ a}+lsª P)* kmfogfg; dl%gb sfsl{ o'lgs kmfogfg; ln= ljdn e'sfh' cfo l; Pkm l; kmfogfg; ln= #! cf} + jflif{s k ltj]bg

89 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot ;'lgtf sfsl{ sfi&d)*k *]enkd])^ a}+s ln= cd/ sfsl{ ;flgdf a}+s ln= xl/x/ vgfn lalhg]; oòlge{;n *]enkd])^ a}+s ln= s]zj km'nf}/f OG^/g]zgn lnlhª P)* kmfogfg; s+= ln= s]zj km'nf}/f glan a}+s ln= /ljgb e /fo{ cfo l; Pkm l; kmfogfg; ln= /fds[i)f /fpt l;$fy{ a}+s ln= /lj cu jfn s'df/l a}+s ln= zfgt dfggw/ OGkm f:^«sr/ *]enkd])^ a}+s ln= g/]gb lji^ olt *]enkd])^ a}+s ln= b]jl uf}td l;$fy{ *]enkd])^ a}+s ln= u')f aghf/f ;g/fo{h a}+s ln= k blk tfd fsf/ uú*ljn kmfogfg; ln= /flwsf dxh{g k fod sdl;{on a}+s ln= s[i)f cof{n olt *]enkd])^ a}+s ln= clbto >]i& oògfo^]* kmfogfg; ln= gogb af:tf]nf d]#f a}+s ln= k ]d sfhl vfoh' c/lgsf] *]enkd])^ a}+s ln= z+s/ k'*f;}gl uú*ljn kmfogfg; ln= ;'lhk >]i& s}nfz lasf; a}+s ;'ef; cu jfn l;$fy{ a}+s ln= a]i^ d]g]h OGe]i^d])^ k f=ln= l/nfoan *]enkd])^ a}+s ln= a'$ >]i& Pg cfo l; Pl;of a}+s ln= lbk]gb yklnof glan a}+s ln= sdn kgyl l;$fy{ a}+s ln= lgd{nf kf}*]n Ogkm f:^«sr/ *]enkd])^ a}+s ln= /fh' dxh{g b]jm lasf; a}+s ln= ljwof a:g]t oògfo^]* kmfogfg; ln= #! cf} + jflif{s k ltj]bg 87

90 ;+:yfks ;+:yfks ;d"x cgtu{t kg]{ z]o/wglsf] gfd ;+:yfks ;+:yfks ;d"xsf z]o/wgln] cfkm\gf] :jfldtjdf /x]sf] z]o/ cgo a}+s tyf ljqlo ;+:yfdf lwtf] /fvl shf{ lnpsf] ;fn cfiff9df;fgt_ cg';"rl #$ ;+:yfkssf] :jfldtjdf sfod /x]sf] z]o/ shf{ ljj/0f s"n lsqf ;+Vof+ s'n r'qmf k"fhlsf] k ltzt shf{ lnpsf] cgo a}+s tyf ljqlo ;+:yfsf] gfd shf{ /sd?= =xhf/df lwtf]df /x]sf] z]o/ lsqf ;+Vof s}lkmot kbd e)*f/l olt *]enkd])^ a}+s ln= ;'/h lzjfsf]^l Hof]tL lasf; a}+s ln= gf/fo)f t)*'sf/ uú*ljn kmfogfg; ln= lhh; Gof%f] l;len a}+s ln= b]jl kf)*] Ond ;]leª P)* qm]l*^ sf]ck/]l^e uf}td clwsf/l b]jm lasf; a}+s ln= k+sh emf uúx]zj/l dr]{g^ a}+lsª P)* kmfogfg; ln= uf]kfn >]i& k fod sdl;{on a}+s ln= /fh' afa' u'?é k fod sdl;{on a}+s ln= ;Gtf]if *+uf]n uú*ljn kmfogfg; ln= /fh]gb vgfn l;$fy{ a}+s ln= /fd k ;fb ladnl cggkò)f{ ;]leª P)* OGe]i^d])^ s+= ln= /d]; >]i& l/nfoan *]enkd])^ a}+s ln= l;$fy{ zfso b]jm lasf; a}+s ln= s'zn x/hfgl b]jm lasf; a}+s ln= of]?k >]i& l;$fy{ a}+s ln= nid)f Gof}kfg] uú*ljn kmfogfg; ln= /flhj kf)*] Pg cfo l; Pl;of a}+s ln= k ldnf vltj*f leaf]/ lasf; a}+s ln= 9 96 ;'hg ;'j]bl leaf]/ lasf; a}+s ln= 9 96 bn k'g b]jm lasf; a}+s ln= 6 21 /fh]gb kf]v/]n cf]d *]enkd])^ a}+s ln= 6 66 ;/:jtl sfsl{ lul/ glan a}+s ln= #! cf} + jflif{s k ltj]bg

91 qm=;= ljj/0f n]vf k/lif0f k"j{ n]vf k/lif0f km/s kzrft\ /sd Ü df! hddf k"fhl / bflotj!=!!=&_!,%@,*%,&$,)&!,%@,*&,&!,)#!,(^,(^_ )Ü!=! r'qmf k"fhl (,@$,)#,&(!),^@,^$,#^!,#*,^),%&_!%Ü!=@ hu]8f k"fhl!!,&*,)!,^& *,)*,!$,$* #,^(,*&,!( #!Ü!=# C0fkq / a08!,%%,)),))!,%%,)),)) )Ü!=% lgif]k s±v_!,@%,^^,(#,%%!,@%,^^,(#,%% )Ü s= :yfglo d'b f!,!$,(@,#@,*^!,!$,(@,#@,*^ )Ü v= ljb]zl d'b f!),&$,^),^(!),&$,^),^( )Ü!=^ cfos/ bflotj )Ü!=& cgo bflotj $,#&,^!,*@ )Ü gub / a}+s df}hbft!&,*(,&%,()!&,*(,&%,() )Ü dfu tyf cnk ;"rgfdf k fkt x'g] /sd $,)),)) $,)),)) )Ü shf{ tyf ;fk6 s±v±u±3±ª±r_!,)^,^*,#*,&&!,)^,^*,#*,&& )Ü s_ l/on :6]6 shf{ %,&%,^!,*% %,&%,^!,*% )Ü!= cfjf;lo 3/ shf{?=! s/f]8;dd JolQmut 3/shf{afx]s_ $$*)%( $$,*),%( Jofj;flos ejg tyf cfjf;lo ckf6{d]06 lgdf{0f shf{!,^%,^*,)!!,^%,^*,)! )Ü #= Jofj;flos sdkn]s; shf{ cfo cfh{g x'g]_ *),@$,^) *),@$,^) )Ü $= cgo l/on l:6]6 shf{ Knl6Ë tyf )Ü v_ 3/ lgdf{0f shf{?=! s/f]8 jf )Ü u_ dflh{g shf{!,^*,@(,)^!,^*,@(,)^ )Ü 3_ )Ü ª_ cf]e/ 8«fkm\6 shf{ (TR Loan / WC loan) %%,(#,#$,!@ %%,(#,#$,!@ )Ü r_ cgo!@,##,&#,&&!@,##,&#,&& )Ü u}/a+}lsë ;DklQ )Ü cgo @=% km/s x'g'sf] sf/0f k :tfljt af]g; z]o/n] gf=gf]= aff8kmff8df ;dfof]hg ugf{n] gf=gf]= aff8kmff8df ;dfof]hg ugf{n] n]vf kl/if0fsf] qmddf epsf] ;dfof]hg n]vf kl/if0fsf] qmddf epsf] ;dfof]hg # gfkmf gf]s;fg lx;fa #=! #=@ Aofh cfdbfgl Aofh vr{ (,@$,*^,(( $,$^,$%,%@_ (,@$,*^,(( $,$^,$%,%@_ )Ü )Ü s_ v"b Aofh cfdbfgl #=! ± #=@_ $,&*,$!,$& $,&*,$!,$& )Ü #=# lkm, sld;g / l8:sfpg6 *!,$*,@& *!,$*,@& )Ü #=$ cgo ;+rfng cfdbfgl #*,%!,*& #*,%!,*& )Ü #=% ;6xL 36a9af6 gfkmf gf]s;fg v"b_ ^@,!$,#@ ^@,!$,#@ )Ü v_ s'n ;+rfng cfdbfgl s=±#=#±#=$±#=%_ ^,^),%%,(# ^,^),%%,(# )Ü #=^ #=& sd{rf/l vr{ cgo ;+rfng vr{ ^^,%*,#(_ ^(,(^,*%_ ^^,%*,#(_ ^(,(^,*%_ )Ü )Ü u_ Joj:yfk"j{ ;+rfng gfkmf v=±#=^±#=&_ %,@$,)),^* %@,$),)^* )Ü #=* ;Defljt bflotj Joj:yf $#,*),(*_ %!,)@,*%_ &,@!,*&!^Ü shf{ gf]s;fgl Joj:yfdf yk ugf{n] 3_ ;+rfng d'gfkmf u=±#=*_ $,*),!(,&) $,&@,(&,*# #=( #=!) u}/;+rfng cfdbfgl vr{ v"b_ ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ &,(*,&( (,^!,@) &,(*,&( (,^!,@) ª_ lgoldt sf/f]af/af6 epsf] gfkmf 3±#=(±#=!)_ $,(&,&(,^( $,(),%&,*@ &,@!,*&!Ü #=!! c;fwf/0f cfdbfgl )Ü r_ af]g; / s/cl3sf] gfkmf ª=±#=!!_ $,((,*@,$# $,(@,^),%% &,@!,*&!Ü #=!@ #=!# t'ngftds q}dfl;s cfiff9df;fgt;dd sd{rf/l af]g; Joj:yf $%,$#,*^_ $$,&*,@#_ ^%,^@_!Ü gfkmfdf epsf] kl/jt{gn] s/ Joj:yf!,#*,#&,*(_!,#^,$!,)!_!,(^,*&_!Ü gfkmfdf epsf] kl/jt{gn] 5_ v"b gfkmf gf]s;fg r=±#=!@±#=!#_ #,!^,)),^( #,!!,$!,#! $,%(,#&!Ü gfkmfdf epsf] kl/jt{gn] #! cf} + jflif{s k ltj]bg 89 )Ü )Ü cg';rl #%?= xhf/df_

92 ut jif{sf] o; q}dfl;s;dddf! hddf k"fhl / bflotj!=!!=&_!,%@,*%,&$,)&!$,#*,&*,(*@!,#!,##,!$,$^ qm=;= ljj/0f o; q}dfl;s;dddf ut q}dfl;s;dddf!=!!=@!=#!=$!=%!=^!=& r'qmf k"fhl hu]8f k"fhl C0fkq / a08 ;fk6l lgif]k s±v_ s= :yfglo d'b f v= ljb]zl d'b f cfos/ bflotj cgo bflotj $,#&,^!,*@ *,&$,^(,!# #,%*,!#,%! *,&),^^,!@ (%,!(,%#,%^!#,$#,!@,*^ gub / a}+s df}hbft dfu tyf cnk ;"rgfdf k fkt x'g] /sd nufgl shf{ tyf ;fk6 s±v±u±3±ª±r_ s_ l/on :6]6 shf{!= cfjf;lo 3/ shf{?=! s/f]8;dd JolQmut Jofj;flos ejg tyf cfjf;lo ckf6{d]06 lgdf0f{ shf{ #= Jofj;flos sdkn]s; shf{ cfo cfh{g x'g]_ $= cgo l/on l:6]6 shf{ Knl6Ë tyf huuf vl/b_ v_ 3/ lgdf{0f shf{?=! s/]f8 jf ;f]egbf sd_ u_ dflh{g shf{ 3_ cfjlws shf{ ª_ cf]e/ 8«fkm\6 shf{ (TR Loan / WC loan) r_ cgo l:y/ ;DklQ u}/a+}lsë ;DklQ cgo ;DklQ!&,*(,&%,() %,&%,^!,*% $,(&,*#,$% $%,)),*^!,%#,*&,&( *&,)),(&,(@ %),*#,@*,@# &,%(,!&,%%!,)%,)$,$^ *^,(@,#% # gfkmf gf]s;fg lx;fa o; q}dfl;s;dd ut q}dfl;s;dd ut jif{sf] @=% #=! #=@ #=# #=$ #=% Aofh cfdbfgl Aofh vr{ (,@$,*^,(( $,$^,$%,%@_ s_ v"b Aofh cfdbfgl #=! ± #=@_ $,&*,$!,$& #,$&,*!,*! #,(@,!!,)% lkm, sld;g / l8:sfpg6 *!,$*,@& ^@,#),@* ^),$$,)) cgo ;+rfng cfdbfgl #),%),$^ ;6xL 36a9af6 gfkmf gf]s;fg v"b_ ^@,!$,#@ $^,$@,!^ %#,#@,^% v_ s'n ;+rfng cfdbfgl s=±#=#±#=$±#=%_ ^,^),%%,(# $,*#,@^,@) %,#^,#*,!^ #=^ #=& sd{rf/l vr{ cgo ;+rfng vr{ ^^,%*,#(_ ^(,(^,*%_ $#,$%,&@_ %),$(,*@_ %^,(&,$(_ ^%,&(,!#_ u_ Joj:yfk"j{ ;+rfng gfkmf v=±#=^±#=&_ %,@$,)),^* #,*(,#),^^ $,!#,^!,%$ #=* ;Defljt bflotj Joj:yf $#,*),(*_ $#,%&,)%_ $#,^$,^%_ 3_ ;+rfng d'gfkmf u=±#=*_ $,*),!(,&) #,$%,&#,^! #,^(,(^,*( #=( #=!) u}/;+rfng cfdbfgl vr{ v"b_ ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ &,(*,&( (,^!,@) #%,*^,() ª_ lgoldt sf/f]af/af6 epsf] gfkmf 3±#=(±#=!)_ $,(&,&(,^( #,&#,^#,*$ $,)&,&*,!@ #=!! c;fwf/0f cfdbfgl vr{ #,&( r_ af]g; / s/cl3sf] gfkmf ª=±#=!!_ $,((,*@,$# #,&#,^#,*$ $,)&,*!,(! #=!@ #=!# sd{rf/l af]g; Joj:yf s/ Joj:yf $%,$#,*^_!,#*,#&,*(_ ##,(^,&!_!,)!,(),!$_ #&,)&,$%_!,!%,^%,^#_ 5_ v"b gfkmf gf]s;fg $ cg'kft o; q}dfl;s;dd ut q}dfl;s;dd ut jif{sf] o; q}dfl;ssf] $=! $=@ $=# $=$ $=% $=^ $=& $=* $=( $=!) $=!! k"fhl sf]if hf]lvd efl/t ;DklQ lglij mo shf{ s'n shf{ s'n shf{afkt hf]lvd Joj:yf s'n lglis o shf{ shf{ lgif]k cg'kft g]=/f=a}+s lg= cg';f/_ v"b t/n ;DklQ hddf lgif]k cfwf/ b/ (Base Rate) shf{df cf};t Jofh b/ lgif]ksf] nfut v"b Aofh cgt/ (Spread) O{lSj6Ldf k ltkmn cf};t_ ;DklQdf k ltkmn jflif{s_ n]vfk/lif0fk"j{ rf}yf] q}dfl;s cfiff9df;fgt!$=$&ü &&=^#Ü #)=$#Ü *=#^Ü (=&#Ü %=*$Ü ^=*(Ü (=$@Ü $=%%Ü cg';"rl #^?= xhf/df_!$=(@ü $=*)Ü $=(^Ü!%=^^Ü!=($Ü 90 #! cf} + jflif{s k ltj]bg

93 DISCLOSURE UNDER BASEL III 1. Capital Structure & Capital Adequacy As at Ashad end 2074 Core Capital (Tier I) Amount in NPR 18,115,417,763 Paid up Equity Share Capital 9,240,378,865 Share Premium 1,718,454,020 Proposed Bonus Equity Shares 1,386,056,830 Statutory General Reserves 4,053,194,895 Retained Earnings upto Previous Year 272,327,511 Unaudited current year cumulative pro t Acquisition Reserve 710,110,135 Debenture Redemption Reserve 907,142,855 Capital Adjustment Reserve 129,199,207 Less : Intangible Assets (62,413,955) Less. Investment in equity of institutions with nancial interests (209,638,600) Less. Investment in equity of institutions in excess of limits Less: Other deduction (29,394,000) Supplementary Capital (Tier 2) 2,251,785,097 Subordinated Term Debt 1,550,000,000 Less : 20% discount value to 5YTM Bond/ Debenture (650,000,000) General loan loss provision 1,060,765,319 Exchange Equalization Reserve 76,732,730 Investment Adjustment Reserve 171,356,420 Other Reserves 42,930,628 Total Capital Fund (Tier I and Tier II) 20,367,202,860 Information about Subordinated Term Debts 12% Debenture of Rs each issued on ( ) and Maturing on ( ) 300,000,000 Outstanding balance of Redemption Reserve 300,000,000 8% Debenture of Rs.1000 each issued on ( ) and Maturing On ( ) 500,000,000 Outstanding balance of Redemption Reserve 285,714,284 8% Debenture of Rs.1000 each issued on ( ) and Maturing on ( ) 750,000,000 Outstanding balance of Redemption Reserve 321,428,571 Total 907,142,855 1,550,000,000 Deductions from Capital 20% Discount value to 5 YTM Debenture (650,000,000) Total Qualifying Capital 900,000,000 #! cf} + jflif{s k ltj]bg 91

94 Tier I Capital to Total Risk Weighted Exposure 11.58% Capital Adequacy Ratio (Tier I and Tier II to Total Risk Weighted Exposure) 13.02% Summary of the Banks internal approach to assess the adequacy of its capital to support current & future activities: Regular monitoring by the Internal Audit & Compliance Department Periodic supervision by the Top Management Features of Subordinated Term Debts (Debenture) Fixed Maturity period of 7 Years Interest payment half yearly At the time of liquidation rights of claim will be only after depositors Listed with Nepal Stock Exchange Ltd. Redeemable and non convertible 2.Risk Exposures Amount in NPR RISK WEIGHTED EXPOSURES Current Period Risk Weighted Exposure for Credit Risk 144,429,062,964 Risk Weighted Exposure for Operational Risk 6,894,046,656 Risk Weighted Exposure for Market Risk 447,659,247 Add:2% of the total RWE As Per NRB Instruction 3,035,415,377 Add:3% Capital Charge For Operational Risk 1,642,275,882 Total Risk Weighted Exposures 156,448,460,126 Risk Weighted exposure under each of 11 categories of Credit Risk Particulars Risk Weighted Exposure a.claims on government & central bank b.claims on other of cial entities c.claims on banks 5,019,054,007 d.claims on corporate & securities rms 84,954,121,570 e.claims on regulatory retail portfolio 3,740,527,942 f. Claims secured by residential properties 1,247,492,193 g.claims secured by commercial real state 4,301,975,000 h.past due claims 450,979,637 i.high risk claims 11,711,051,720 j.other assets 3,168,721,484 k.off balance sheet items 29,835,139,412 Total 144,429,062, #! cf} + jflif{s k ltj]bg

95 Amount of NPA s Amount in NPR Category Gross Provision Net Substandard 74,058,004 18,514,501 55,543,503 Doubtful 188,405,640 29,977, ,427,981 Loss 625,697, ,148,052 61,549,660 Total 888,161, ,640, ,521,144 NPA Ratio Gross NPA to Gross Advances 0.83% Net NPA to Net Advances 0.26% Movement of NPA Amount in NPR Particulars Opening Balance Closing Balance Movement Non Performing Loan 592,992, ,161, ,168,701 1 Substandard 19,151,212 74,058,004 54,906,792 2 Doubtful 13,610, ,405, ,794,686 3 Loss 560,230, ,697,712 65,467,222 Write off of Loans & Interest Suspense: Amount in NPR Particulars Loan Amount Interest Suspense Provision write back Total Loan Write Off Movement of Loan Loss Provision & Interest Suspense Amount in NPR Particulars Opening Balance Closing Balance Movement Loan Loss Provision 1. Pass 828,897,715 1,060,810, Watch List 148,019, ,890, ,871, Substandard 4,787,803 18,514,501 13,726, Doubtful 6,805,477 94,700,174 87,894, Loss 560,230, ,697,712 65,467, PG & Third Party Collateral 3,455,762 3,455,762 Total Loan Loss Provision 1,548,740,997 2,059,069, ,328,284 Interest Suspense Amount in NPR Particulars Opening Balance Closing Balance Movement Interest Suspense 408,100, ,515, ,415,042 Details of Additional Loan Loss Provision Amount in NPR Particulars Opening Balance Closing Balance Movement Total Loan Loss Provision 1,548,740,997 2,059,069, ,328,284 #! cf} + jflif{s k ltj]bg 93

96 Segregation of Investment Portfolio Amount in NPR Investment Held to Maturity Cost Price Rs. Amount Impaired till Previous Year Rs. Nepal Government Treasury Bills 3,803,934,700 3,803,934,700 Nepal Government Savings Bond 8,481,900,000 8,481,900,000 Nepal Government Other Securities Nepal Rastra Bank Bond Foreign Bonds Local Licensed InstitutionsPlacement with Local Banks Local Licensed Institutions' Shares Local Licensed Institutions' Debentures & Bond Foreign Bank Placements 9,283,868,000 9,283,868,000 Other Investment 3,294,333,868 3,294,333,868 Total 24,864,036,568 24,864,036,568 Net Investment Held For Trading NIL NIL NIL Investment (Available for Sale) Cost Price Previous market price Current Market Price Amount in NPR Current year Adjustment in Investment Reserve Nepal Government Treasury Bills Nepal Government Savings Bond Nepal Government Other Securities Nepal Rastra Bank Bonds Foreign Bonds Local Licensed Institutions' Shares *** 75,800,500 5,413,626,488 1,291,531,838 Local Licensed Institutions' Mutual Fund 326,257,520 51,008, ,019,906 Foreign Bank Placements Other Investment 349,676,390 5,652,014,700 1,808,718,784 Total 751,734,410 11,116,650,119 3,473,270, #! cf} + jflif{s k ltj]bg

97 3. Risk Management Process Nepal Investment Bank has tailored its risk management program to its needs and circumstances. Regardless of the risk management program design, each program should cover: Risk identification In order to properly manage risks, an institution must recognize and understand risks that may arise from both existing and new business initiatives; for example, risks inherent in lending activity include credit, liquidity, interest rate and operational risks. Risk identification should be a continuing process, and should be understood at both the transaction and portfolio levels. Risk Measurement Once risks have been identified, they should be measured in order to determine their impact on the banking institution s profitability and capital. This can be done using various simple models. Accurate and timely measurement of risk is essential to effective risk management systems. An institution that does not have a risk measurement system has limited ability to control or monitor risk levels. Banking institutions should periodically test their risk measurement tools to make sure they are accurate. Good risk measurement systems assess the risks of both individual transactions and portfolios. Risk Monitoring Institutions should put in place an effective management information system (MIS) to monitor risk levels and facilitate timely review of risk positions and exceptions. Monitoring reports should be frequent, timely, accurate, and informative and should be distributed to appropriate individuals to ensure action, when needed. Risk Control After measuring risk, an institution should establish and communicate risk limits through policies, standards, and procedures that define responsibility and authority. These limits should serve as a means to control exposure to various risks associated with the banking institution s activities. Institutions may also apply various mitigating tools in minimizing exposure to various risks. Institutions should have a process to authorize and document Exceptions or changes to risk limits when warranted. A sound risk management system should have the following elements: Active board and senior management oversight; (BMO) Adequate policies, procedures and limits; (PPL) Adequate risk measurement, monitoring and management information system (MIS);and Comprehensive internal controls. (ICs) Active Board and Senior Management Oversight Boards of directors have ultimate responsibility for the level of risk taken by Nepal Investment Bank Limited. Accordingly, they should approve the overall business strategies and significant policies of NIBL, including those related to managing and taking risks, and should also ensure that senior management is fully capable of managing the activities that NIBL undertake. While all boards of directors are responsible for understanding the nature of the risks significant to NIBL and for ensuring that management is taking the steps necessary to identify, measure, monitor, and control these risks. Senior management is responsible for implementing strategies in a manner that limits risks associated with each strategy and that ensures compliance with laws and regulations on both a longterm and daytoday basis. Accordingly, management should be fully involved in the activities of NIBL and possess sufficient knowledge of all major business lines to ensure that appropriate policies, controls, and risk #! cf} + jflif{s k ltj]bg 95

98 monitoring systems are in place and that accountability and lines of authority are clearly delineated. Senior management is also responsible for establishing and communicating a strong awareness of and need for effective internal controls and high ethical standards. Strategies and Processes Credit risk process is a joint effort between its marketing and credit areas. Relationship managers and account officers on one hand, and the credit officers on the other are engaged in analyzing inherent risks in the customer s business, ability to repay and structure a facility that simultaneously accommodates the financing needs, while assuring seniority, protection and control of the Bank s assets and collateral. The Structure and Organization of the Relevant Risk Management Function The Board of Directors (BOD) is the ultimate authority in the decision making process. The process, however, is initiated at the business unit officers / business unit heads / ALCO level, Risk Management department and goes through the Chief Executive Officer, Risk management committee and the BOD. The risk management stops at different levels depending on the Bank s policy relating to approval discretions. Further policy manuals on credit, asset liability, information technology & operations are also available to guide the staff on day to day business. The Scope and Nature of Risk Reporting and / or Measurement Systems Risk reporting / measurement system is done through regular customer interactions, site inspections & annual reviews. These are continuous processes. Further, quarterly review of the bank s performance is conducted every quarter and findings reported to the BOD. Policies for Hedging and / or mitigating risk and Strategies, and processes for monitoring the continuing effectiveness of hedges / mitigants Policies for mitigating risks & strategies are as outlined in the respective manuals and as discussed at various levels after customer interactions / visits, during annual reviews, quarterly reviews and at meetings at various levels. Types of Eligible credit risk mitigants used and the benefits availed under CRM: Particulars Eligible CRM Deposits with Bank 2,666,729,477 Deposits with other banks/fi Gold 40,190,000 Govt. & NRB Securities 3,678,971 Government Guarantee 379,595,278 Sec/G tee of Foreign Banks 7,332,715,861 Total 10,422,909, #! cf} + jflif{s k ltj]bg

99 ljj/0f o; jif{?= ut jif{?= s[lif dt:okfng #&=!$ #=%& vfgl vfb ptkfbg %&%=$% u}/ vfb lgdf{0f &,))^=&$ $*^=$% ljb't\, UofF;, kfgl ^,##$=&( wft'sf ptkfbg, d]l;g/l tyf On]S6«f]lgs pks/0f tyf h8fg #$$=$$ oftfoft ;+rf/ tyf hgpkof]ul ;]jfx yf]s tyf v"b ljq, aldf tyf 3/ huuf ^,##%=&& *()=@( ko{6g, xf]6n tyf dgf]/~hg (,!&@=*# ^^)=#% cgo ;]jfx *,&!$=@( ^&!=*$ pkef]u shf{ %,$)*=^%!(%=(@ :yfglo ;/sf/ #*#=$# #^=*# cgo hddf!),^^*#=** *,&))=(* ljj/0f d"no clea[l4sf] ; f]t ;+rfng tyf u}/;+rfng cfdbfgl Go"gM ;+rfng tyf u}/;+rfng vr{ shf{ tyf ;fk6sf] If]qut ;fn cfiff9df;fgt?= s/f]8df_ o; jif{ ut jif{?=?= Ü?=?= Ü!,!#&=@) %#$=&# *%(=&^ #^^=!@_ xf; s Lcufl8sf] s'n d"no clea[l4 ^)@=$*!))=)) $(#=^$!))=)) d"no clea[l4sf] pkof]u sd{rf/lx nfo{ kfl/>ldsafkt g]kfn ;/sf/nfo{ cfos/afkt dd{t tyf ;Def/afkt @=^* $)=&^ C0fsf] Aofh!$=%%!#=*# z]o/wglx nfo{ gub lj:tf/, hu]8f tyf ;+roafkt Go"gM ut jif{sf] ;+lrt d'gfkmf d"no clea[l4 ;fn (@=((!%=$$ ($=)%!!%=^^!%=)@!^^=!(?= #=)$ ##=^&!)&=&# hddf ^)@=$*!))=)) $(#=^$!))=)) #! cf} + jflif{s k ltj]bg 97

100 % jif{sf] ljqlo ;f/f+z jf;nft?= xhf/df_ k"fhl tyf &$!= z]o/ hu]8f tyf sf]if #= l8a]gr/ tyf a08 $= ;fk6l %= l8kf]lh6 bflotj ^= e'qmfgl lbg'kg]{ lanx? &= k :tfljt nfef+z *= cfos/ bflotj (= cgo bflotj 4,14,48,08 2,87,58,36 80,00,00 31,05,66 62,42,88,45 28,88 94,20,02 1,64,72,09 4,76,87,14 3,15,67,64 1,05,00,00 42,43,40 73,83,13,76 2,66 1,03,66,77 1,90,57,90 6,34,57,01 3,46,12,52 1,55,00,00 26,31,16 90,63,14,87 2,15 8,28,68 2,01,07,98 8,70,66,12 7,58,11,40 1,55,00,00 25,04,80 1,08,62,66,42 13,93,15 1,52,36,57 1,40,48,60 10,62,64,36 8,08,14,48 1,55,00,00 24,13,24 1,25,66,93,55 14,38,62 2,31,00,95 2,19,55,13 hddf bflotj &#,!%,@!,%% *^,!&,#(,@*!,)$,#$,%$,#^!,@(,&*,@&,)%!,%),*!,*),#$ ;DklQ!= gub df}hbft g]=/f=a}+s;+u /x]sf] df}hbft 8,75,25,91 #= a}+s tyf ljqlo ;+:yfx?;+u /x]sf] df}hbft 2,32,65,12 $= dfu]sf] avt e'qmfgl ug'{kg]{ 26,74,00 %= nufgl 11,43,52,68 ^= C0f, k]zsl tyf lan; vl/b 46,40,00,54 &= crn ;DklQ 1,06,88,37 *= u}/ a}+lsë ;DklQ (= cgo ;DklQ 72,85,08 2,17,07,68 12,65,29,37 1,92,10,06 23,23,75 15,38,35,29 52,01,97,65 1,05,83,13 73,52,34 2,66,09,38 8,99,28,39 2,66,12,71 21,46,25,88 66,21,92,32 1,05,41,32 1,29,44,37 2,28,58,00 7,76,73,23 2,97,27,09 14,93,80 29,22,67,62 85,46,10,51 1,05,04,46 86,92,35 2,47,82,16 11,38,25,13 4,03,68,61 4,00,00 25,61,56,45 1,04,62,48,08 1,30,43,05 1,33,56,85 hddf ;DklQ &#,!%,@!,%% *^,!&,#(,@*!,)$,#$,%$,#^!,@(,&*,#&,)%!,%),*!,*),#$ gfkmfgf]s;fg lx;fa?= xhf/df_ &$!= Aofh cfdbfgl 5,86,58,40 5,81,62,79 5,78,61,60 6,77,67,55 Aofh vr{ 2,77,47,88_ 2,82,04,75_ 2,80,73,61_ 2,85,56,50_ 4,46,45,52_ s'n Aofh #,(@,!!,)% $,&*,$!,$& #= sldzg tyf 5"6 $= cgo ;+rfng cfdbfgl 34,87,01 19,94,17 47,86,08 21,13,46 49,73,00 23,74,69 60,44,00 30,50,46 81,48,27 38,51,87 %= ;6xL gfkmf 36,02,45 46,02,27 45,84,18 53,32,65 62,14,32 hddf ;+rfng cfdbfgl #,((,($,!$ $,!$,%(,*% $,!&,!(,*& %,#^,#*,!^ ^,^),%%,(# ^= sd{rf/l vr{ &= cgo ;+rfng vr{ *= ;6xL 3f6f 37,99,42_ 51,58,37_ 43,77,66_ 53,93,31_ 48,01,39_ 57,21,08_ 56,97,49_ 65,79,13_ 66,58,39_ 69,96,85_ ;Defljt hf]lvd Joj:yf cl3sf] ;+rfng gfkmf #,!),#^,#^ #,!^,**,*( #,!!,(&,$) $,!#,^!,%$ %,@$,)),^* (= ;Defljt hf]lvd Joj:yf 95,83,36_ 27,72,78_ 57,38,92_ 43,64,65_ %!,)@,*%_ @,%$,%*,$* #,^(,(^,*( $,&@,(&,*#!)= u}/ ;+rfng gfkmf 3f6f 1,04,31 1,18,41 1,55,92 1,94,33 7,98,79!!= ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ 93,00,04 13,91,48 53,77,04 35,86,90 9,61,20 lgoldt ;+rfngaf6 gfkmf #,)*,%&,#$ #,)$,@^,)) #,)(,(!,$$ $,)&,&*,!@ $,(),%&,*@!@= c;fdfgo sf/f]af/x?af6 epsf] gfkmf 3f6f_ 7,43,93_ 5,27 3,79 2,02,73 ;Dk"0f{ lqmofsnfk kl5sf] gfkmf #,)!,!#,$! #,)$,#!,@& #,)(,(!,$$ $,)&,*!,(! $,(@,^),%%!#= sd{rf/l af]g; Joj:yf!$= cfos/ Joj:yf of] jif{ ut jif{ ;Ddsf] l8km8{ s/ cfdbfgl vr{_ 27,37,58_ 82,31,86_ 6,31 27,66,48_ 82,93,28_ 2,95_ 27,56 28,17,40_ 84,58,49_ 1,04,93_ 7,91 37,07,45_ 1,10,96,55_ 4,73,71_ 4,63 44,78,23_ 1,33,53,59_ 3,57,57_ 70,15 s'n gfkmf #,!!,$!,#! 98 #! cf} + jflif{s k ltj]bg

101 /]vf lrq cfdbfglsf] ; f]t sldzg cfdbfgl &=#^Ü *!=$ cgo cfdbfgl #=$*Ü #*=% ljb]zl d'b f ;6xL cfdbfgl %=^!Ü ^@=!?= s/f]8df cfdbfglsf] cgo hu]8f ^=$Ü &)=#?= s/f]8df Aofh cfdbfgl *#=%%Ü (@$=* cfos/!@=#ü!#^=$ Joj:yfx? &=*Ü *^=@ vr{x? %@=&Ü %*#=) lgif]ksf] ;+ld>0f sn lgif]k!%=@ü!(!@=& d'2tl lgif]k $@=&Ü %#^(=@% dflh{g rntl lgif]k!!=@ü!$)@=#?= s/f]8df art #^$!=(?= ca{df ahf/ k"fhls/0f!)) ()=%% () *!=*@ *) &) ^) %) $%=&* $$=^& $) #@=%) #! cf} + jflif{s k ltj]bg 99

102 ?= s/f]8df s/ kl5sf] d'gfkmf?= s/f]8df @)&)&! @)&#&$ k ltztdf z]o/wglsf]ifdf k ltkmn k ltztdf s'n ;DklQdf @)&#&$ 100 #! cf} + jflif{s k ltj]bg

103 lwtf]kq btf{ tyf lgisfzg sf] sf] ;Fu ;DalGwt jflif{s k ltj]bg!= ;+rfns;ldltsf] k ltj]bg M o;} k ltj]bgdf n]vfk/lifssf] k ltj]bg M o;} jflif{s k ltj]bgdf ;+nug. #= n]vfk/lif0f epsf] ljqlo ljj/0f M o;} jflif{s k ltj]bgdf ;+nug. $= sfg"gl sf/jfxl ;DaGwL ljj/0f M s_ o; cjlwdf ;+ul7t ;+:yfn] jf ;+:yfsf] lj?4 s'gf} tfltjs d'2f bfo/ gepsf]. v_ ;+:yfsf] ;+:yfks jf ;+rfnsn] jf ;+:yfks jf ;+rfnssf] lj?4df k rlnt lgodsf] cj1f jf kmf}hbf/l ck/fw u/]sf] ;DaGwdf s'g} d'2f bfo/ gepsf]. u_ s'g} ;+:yfks jf ;+rfnslj?4 cfly{s ck/fw u/]sf] ;DaGwdf s'g} d'2f bfo/ gepsf]. %= ;+ul7t ;+:yfsf] z]o/ sf/f]af/ tyf k ultsf] ljzn]if0f M s_ lwtf]kq ahf/df epsf] ;+ul7t ;+:yfsf] z]o/sf] sf/f]af/ ;DaGwdf Joj:yfkgsf] wf/0ff M g]kfn :6s PS;r]Gh ln=, g]kfn lwtf]kq af]8{sf] ;'kl/j]if0fdf ;+rflnt epsf] x'gfn] o; ;DaGwdf Joj:yfkgsf] s'g} wf/0ff gepsf]. v_ &$ df ;+ul7t ;+:yfsf] z]o/sf] clwstd, Go"gtd / clgtd d"nosf ;fy} s'n sf/f]af/ z]o/ ;+Vof / sf/f]af/ lbg. q}df; dlxgf_ z]o/sf] clwstd d"no z]o/sf] Go"gtd d"no z]o/sf] clgtd d"no s'n sf/f]af/ z]o/ ;+Vof xhf/df_ s'n sf/f]af/ lbg k yd q}dfl;s , bf]>f] q}dfl;s , t]>f] q}dfl;s , Rff}yf] q}dfl;s , ^= ;d:of tyf r'gf}tl M a}+lsë If]qdf a9\bf] c:j:y k lt:kwf{, nufgl cj;/df sld, a9\bf] d'b f:kmllt b/ / nf]8;]l8ë tyf b]zdf ;+qmd0fsfnlg /fhg}lts l:yltnfo a}+sn] afx\o ;d:of tyf r'gf}tlsf]?kdf lnpsf] 5 / sfa'egbf aflx/sf kl/l:ylt afx]s pk/f]qm r'gf}tl ;dfwfg ug{ Joj:ffo ljljwls/0f, u fxsd'vl u'0f:t/lo ;]jf tyf vr{df ldtjolotfsf] /0fgLlt lnpsf] 5. &= ;+:yfut ;'zf;g M ;+:yfut ;'zf;g clea[l4sf nflu Joj:yfkgåf/f rflnpsf sbd ;DaGwL ljj/0f s ;+rfns ;ldlt, shf{ tyf hf]lvd Joj:yfkg ;ldlt, kbk"lt{ tyf a9'jf ;ldlt, ;DklQ tyf bflotj ;ldlt nufot ljlegg ;ldltx? lqmofzln /x]sf 5g\. v cfgtl/s lgogq0f k 0ffnLnfO{ Jojl:yt ug{ cfgtl/s n]vfk/lifsaf6 lgoldt?kdf n]vfk/lif0f u/fo{ k ltj]bgdf lbopsf ;'emfjx? sfof{gjog tyf ;dliff ug{ n]vfk/lif0f ;ldltsf a}7s lgoldt a:g] u/]sf] 5. #! cf} + jflif{s k ltj]bg 101

104 u ;+rfng hf]lvdx? sd ug{ tyf sf/f]af/nfo{ Jojl:yt ug{ ljleggf cfgtl/s gllt, lgod tyf lgb]{lzsfx?sf] th'{df u/l nfu" ul/psf] 5. 3 ;+:yfut ;'zf;g sfod ug{ cfrf/ ;+lxtf hf/l u/l ;f]sf] cg'udgsf] ;d]t Joj:yf u/lpsf] #! cf} + jflif{s k ltj]bg

105 k agw kqsf] ;DalGwt bkmf bkmf $ a} +ssf] p2]zo k fkt ug{ ul/g] sfdx?m o; a}+sn] bkmf # adf]lhdsf] p2]zo xfl;n ug{ a}+s tyf ljqlo ;+:yf ;DaGwL sf] bkmf $& sf] pkbkmf!_ adf]lhd æsæ ju{sf] a}+s tyf ljqlo ;+:yfsf]?kdf /xl ;f] P]g, sdkgl sfg"g tyf cgo k rlnt sfg"gsf] cwlgdf /xl b]xfo adf]lhdsf sfo{x? ug{ ;Sg]5M ljz]if k :tfj;+u ;DalGwt k jgwkqdf ;+zf]wg ug{k :tfljt bkmfx?sf] ljj/0f xfnsf] Joj:yf k :tfljt ;+zf]wg ;+zf]wg ug{ 'kg]{sf/0f a} +ssf] p2]zo k fkt ug{ ul/g] sfdx?m o; a}+sn] bkmf # adf]lhdsf] p2]zo xfl;n ug{ a}+s tyf ljqlo ;+:yf ;DaGwL sf] bkmf $( sf] pkbkmf!_ adf]lhd æsæ ju{sf] a}+ssf]?kdf /xl ;f] P]g, sdkgl sfg"g tyf cgo k rlnt sfg"gsf] cwlgdf /xl b]xfo adf]lhdsf sfo{x? ug{ ;Sg]5M a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf $(!_ d'tflas ldnfg ug{. bkmf $ sf] qmd ;+Vof r_ b]lv 1_ ;Dd r_ Aofh jf lagf Aofhdf lgif]k :jlsf/ ug]{ tyf To:tf] lgif]ksf] e'qmfgl lbg], 5_ g]kfn /fi6«a}+sn] tf]lslbp adf]lhd shf{ lbg], h_ k rlnt sfg"gsf] cwlgdf /xl ljb]zl ljlgdo sf/f]af/ ug]{, em_ xfo/ kr]{h, xfokf]lys]zg, lnlhë, xfplhë tyf ;]jf Joj;fosf] nflu shf{ lbg], `_ g]kfn /fi6«a}+sn] lbpsf] lgb]{zgsf] cwlgdf /xl dr]{06 a}+lsë sf/f]af/ ug]{, 6_ cgo a}+s tyf ljqlo ;+:yf;fu ldnl ;xljqlos/0fsf] cfwf/df lwtf] ljefhg kf/lkf;'_ ug]{ u/l cfk;df epsf] ;Demf}tf cg';f/ ;+o'qm?kdf shf{ lbg], lbnfpg] Joj:yf ug]{, 7_ cfk\mgf] u fxssf] tk{maf6 hdfgtkq hf/l ug]{ / ;f] afkt u fxs;fu cfjzos zt{ u/fpg], ;'/If0f lng], lghsf] rn crn ;DklQ lwtf]agws lng] jf t]; f] JolQmsf] h]yf hdfgt lng], r_ Aofh jf lagf Aofhdf lgif]k :jlsf/ ug{] jf ljlegg ljqlo pks/0f dfkm{t lgif]k kl/rfng ug{] / ltgsf] e'qmfgl lbg], 5_ ljb'tlo pks/0f jf ;fwgsf] dfwodaf6 lgif]k :jlsf/ ug{], e'qmfgl lbg], n]gb]g ug]{, dwo:ytfsf] sfd ug]{ / /sdfgt/ ug]{, h_ xfo/ kr]{h, lnlhë, xfplhë, clwljsif{ nufotsf shf{ lbg], em_ kl/of]hgf tyf xfokf]lys]zg lwtf] /fvl] shf{ lbg] Pj+ ;xljqlos/0fsf] cfwf/df lwtf] ljefhg kf/l kf;'_ ug]{ u/l cfk;df epsf] ;Demf}tf cg';f/ ;+o'qm?kdf shf{ lbg] lbnfpg] Joj:yf ug]{, `_ ljb]zl a}+s jf ljqlo ;+:yfsf] hdfgtdf shf{ lbg], 6_ cfk"m sxff klxn] g} lwtf] /lx;s]sf] rn crn ;DklQsf] d"non] vfd];ddsf] /sd shf{ lbg] jf cgo a}+s jf ljqlo ;+:yfdf lwtf]/lx;s]sf] rn crn ;DklQsf] k'gm lwtf]df To;sf] d"non] vfd];ddsf] /sd shf{ lbg], 7_ cfˆgf] u fxssf] tk{maf6 hdfgtkq hf/l ug]{ / ;f] afkt u fxs;fu cfjzos zt{ u/fpg], lghsf] rn crn ;DklQ lwtf]agws lng] jf t]; f] JolQmsf] h]yf hdfgt lng] / lwtf]agws, ;'/If0fdf lnpsf] ;DklQ k fkt ug]{, wf/0f ug]{ tyf ;f] ;DaGwL cgo sf/f]af/ ug]{, a}+s tyf ljqlo ;+:yf ;DalGw n] æsæ ju{sf] a}+sn] ug{ ;Sg] a}lsë tyf ljqlo sf/f]jf/ egl tf]s]sf] sf/f]jf/ ;d]tnfo{ ;dfof]hg u/l ldnfg ug{. #! cf} + jflif{s k ltj]bg 103

106 8_:jb]zL jf ljb]zl a}+s jf ljqlo ;+:yfsf] hdfgtdf shf{ lbg], 9_ k tltkq, ljlgdokq, k lt1fkq, r]s, ofq'r]s, 8«fkm\6 jf cgo ljqlo pks/0f lgisfzg ug]{, :jlsf/ ug]{, e'qmfgl lbg], l8:sfp06 ug]{ jf vl/b laqml ug]{, 0f_ g]kfn /fi6«a}+sn] lbpsf] lgb]{zgsf] cwlgdf /xl 6]lnkmf]g, 6]n]S;, k\mofs;, sdko'6/ jf DofUg]l6s 6]k jf cgo To:t} k sf/sf ljb'tlo pks/0f jf ;fwgsf] dfwodaf6 lgif]k lng], e'qmfgl lbg], /sdfgt/ ug]{, t_ g]kfn /fi6«a}+sn] lbpsf] lgb]{zgsf] cwlgdf /xl qm]l86 sf8{, 8]la6 sf8{, rfh{ sf8{ nufotsf cgo ljqlo pks/0fx? hf/l ug]{, :jlsf/ ug]{ / ;f] ;DaGwL sfo{ ug{ Ph]06 lgo'qm ug]{, y_c6f]d]6]8 6]n/ d]lzg / Sof; l8:k]lg;ë d]lzgsf] dfwodaf6 lgif]k lng], e'qmfgl lbg] / shf{ lbg], b_ cfkm"n] ktofpsf] JolQmnfO{ clwljsif{ shf{ lbg], w_ cfkm"sxff klxn] g} lwtf] /lx;s]sf] rncrn ;DklQsf] d"non] vfd];ddsf] /sd k'gm Ps}k6s jf k6s k6s u/l shf{ lbg] jf cgo a}+s tyf ljqlo ;+:yfdf lwtf] /lx;s]sf] rn crn ;DklQsf] k'gm lwtf]df To;sf] d"non] vfd];ddsf] /sd k'gm Ps}k6s jf k6s k6s u/l shf{ lbg], g_ g]kfn /fi6«a}+sn] tf]s]sf] zt{df ;f] a}+ssf] Ph]06 eo{ g]kfn ;/sf/sf] tk{maf6 ;/sf/l sf/f]af/ nufot cgo sf/f]af/ ug]{, k_ g]kfn /fholeq jf ljb]zdf ljlgdokq, r]s jf cgo ljqlo pks/0fåf/f /sd k7fpg] jf rnfg ug]{, ;'g, rffbl, z]o/ l8a]~r/, a08 cflb vl/b laqml ug]{ / z]o/sf] nfef+z tyf k lt1fkq, l8a]~r/, a08 cflbsf] Aofh c;'n pk/ ug]{, km_ u fxssf] lgldq sldzg Ph]06 eo{ z]o/, l8a]~r/ jf ;'/If0fsf] lhddf lng], vl/b laqml ul/lbg], z]o/sf] nfef+z, l8a]~r/ jf ;'/If0fsf] Aofh cflb p7fo{ lbg] / ;f] sf] nfef+z, 8_ cfjzostf cg';f/ /fi6«a}+saf6 k'gs{hf{ lng] jf cgo a}+s jf ljqlo ;+:yfaf6 shf{ lng] lbg], 9_ kl/of]hgfsf] k a4{gsf] nflu g]kfn ;/sf/ jf cgo :jb]zl jf ljb]zl lgsfo dfkm{t k fkt epsf] /sdaf6 shf{ k jfx ug]{ jf shf{ Joj:yfkg ug]{, 0f_ k rlnt shf{ ckn]vg ljlgodfjnlsf] cwlgdf /xl shf{ ckn]vg ug{], t_ k"fhlsf]if k'/f ug{] k of]hgsf nflu z]o/, l8a]~r/, C0fkq cflb hf/l ug{], y_ k tltkq, ljlgdokq, k lt1fkq, r]s, ofq' r]s, 8«fˆ6 jf cgo ljqlo pks/0f lgisfzg ug]{, :jlsf/ ug]{, e'qmfgl lbg], l8:sfp06 ug]{ jf vl/b laqml ug]{, b_ ljb'tlo sf/f]af/sf nflu l8lh6n jf sf8{ nufotsf ljqlo pks/0f hf/l ug]{, :jlsf/ ug]{, Joj:yfkg ug]{ / ;f] ;DaGwL sfo{ ug{ Ph]06 lgo'qm ug]{, w_ k rlnt sfg"gsf] cwlgdf /xl ljb]zl ljlgdo sf/f]af/ ug]{, g_ /fi6«a}+sn] tf]s]sf] ;Ldf, zt{ jf lgb]{zg adf]lhd ;/sf/l sf/f]af/ ug]{]{, k_ g]kfn ;/sf/ jf /fi6«a}+sn] hf/l u/]sf] C0fkq vl/b laqml ug]{ jf ;sf/ ug]{, km_ g]kfnleq jf ljb]zdf ljlgdokq, r]s jf cgo ljqlo pks/0fåf/f /sd k7fpg] jf rnfg ug]{, ljb]zaf6 ljk ]if0f k fkt ug{] / ;f] sf] e'qmfgl ug{], 104 #! cf} + jflif{s k ltj]bg

107 d'gfkmf jf Aofh g]kfn /fholeq jf ljb]zdf ;d]t k7fpg], a_ g]kfn ;/sf/ jf g]kfn /fi6«a}+sn] hf/l u/]sf] C0fkq vl/b laqml ug]{ jf ;sf/ ug]{, e_ ;]km l8kf]lh6 en6sf] Joj:yf ug]{, d_ g]kfn /fi6«a}+sn] tf]lslbpsf] zt{df jf;nft aflx/sf] sf/f]af/ ug]{, o_ ljkgg ju{, Go"g cfo epsf kl/jf/, b}jl k sf]k kll8t tyf b]zsf] s'g} If]qsf afl;gbfsf] cfly{s ptyfgsf] nflu JolQmut jf ;fd"lxs hdfgldf g]kfn /fi6«a}+sn] tf]s]adf]lhdsf] /sd;dd shf{ lbg], /_ cfkm" tyf cgo a}+s tyf ljqlo ;+:yfaf6 shf{ lng] C0fL jf u fxssf] ljj/0f, ;"rgf jf hfgsf/l g]kfn /fi6«a}+s jf s'g} cgo a}+s tyf ljqlo ;+:yf alr lng]lbg], n_ cgo s'g} a}+s tyf ljqlo ;+:yfaf6 cfk\mgf] u fxsnfo{ shf{ pknaw u/fpg hdfgl a:g], j_ g]kfn /fi6«a} +sn] tf]lslbpsf] ;Ldfleq /xl z]o/, l8a]~r/, a08, C0fkq, artkq, jf cgo ljqlo pks/0fsf] dfwodaf6 k"fhl kl/rfng ug]{, z_ cfjzostfg';f/ g]kfn /fi6«a}+saf6 k'g/shf{ lng] jf cgo a}+s tyf ljqlo ;+:yfaf6 shf{ lng]lbg], if_ kl/of]hgf :yfkgf, ;~rfng / d"nof g ;DaGwL cwoog, cg';gwfg, ;j]{if0f ug]{ u/fpg] tyf tflnd, k/fdz{ / cgo hfgsf/l pknaw u/fpg], ;_ kl/of]hgfsf] k j4{gsf nflu g]kfn ;/sf/ jf cgo :jb]zl jf ljb]zl lgsfoaf6 k fkt epsf] /sd shf{sf]?kdf k jfx ug]{ jf shf{sf] Joj:yfkg ug]{, a_ u fxssf] lgldq sldzg Ph]06 eo{ z]o/, l8a]~r/ jf ;'/If0fsf] lhddf lng], vl/b laqml ul/lbg], z]o/sf] nfef+z, l8a]~r/ jf ;'/If0fsf] Aofh cflb p7fo{ lbg] / ;f]sf] nfef+z, d'gfkmf jf Aofh g]kfnleq jf ljb]zdf k7fpg], u fxssf] nflu ;]km l8kf]lh6 en6sf] Joj:yf ug]{, e_ jf;nft aflx/sf] sf/f]af/ ug]{, d_ ljkgg ju{, Go"g cfo epsf] kl/jf/, b}jl k sf]k kll8t tyf d'n'ssf s'g} If]qsf afl;gbfsf] cfly{s ptyfgsf] nflu JolQmut jf ;fd'lxs hdfgldf /fi6«a}+sn] tf]s] adf]lhdsf] /sd;dd shf{ lbg], o_ cfk"m tyf cgo a}+s jf ljqlo ;+:yfaf6 shf{ lng] jf s'g} k sf/sf] ;'ljwf lng] C0fL jf u fxssf] ljj/0f, ;"rgf jf hfgsf/l /fi6«a}+s, ;DalGwt lgsfo jf cgo a}+s jf ljqlo ;+:yfalr lng] lbg], /_ ;'g, rffbl vl/blaqml ug]{, n_kl/of]hgf :yfkgf, ;~rfng / d"nofíg ;DaGwL cwoog, cg';gwfg, ;j]{if0f ug]{ u/fpg] tyf tfnld, k/fdz{ / cgo hfgsf/l pknaw u/fpg], j_ o; P]g / k rlnt sfg"g adf]lhd cfˆgf] :jfldtjdf cfpg] ;a} k sf/sf hfoh]yfsf] plrt Joj:yfkg tyf laqml ug]{, z_ k rlnt sfg"g adf]lhd b'o{ jf b'o{egbf a9l JolQmx?aLr x'g] s'g} sfo{ afkt ltg'{ a'emfpg' jf lng' kg]{ /sd pqm sfd epkl5 e'qmfgl lng] lbg] Joj:yf ug{ b'o{ kifsf] ;xdltdf hdfgl a:g], if_ cgo s'g} a}+s tyf ljqlo ;+:yfaf6 cfk\mgf] u fxsnfo{ shf{ pknaw u/fpg hdfgl a:g], ;_ g]kfn /fi6«a}+sn] tf]lslbpsf] ;Ldfleq /xl z]o/, l8a]~r/, a08, C0fkq, artkq, jf cgo ljqlo pks/0fsf] dfwodaf6 k"fhl kl/rfng ug]{, #! cf} + jflif{s k ltj]bg 105

108 x_ s'g} JolQm jf ;+:yfnfo{ shf{ lb+bf jf lgh;+u s'g} sf/f]af/ ubf{ cfk\mgf] lxtsf] ;+/If0fsf nflu cfjzostf cg';f/ zt{ u/fpg], If_ ;~rfns ;ldltn] agfpsf] ljlgodsf] cwlgdf /xl shf{ ckn]vg ug]{, q_ cfk\mgf] hfoh]yfsf] plrt k agw jf laqml ug]{, 1_ g]kfn /fi6«a}+sn] tf]s]sf cgo sfd ug]{, bkmf % v_ a}+ssf] hf/l k"fhl?=(,@$,)#,&*,*^% cif/]kl gf} ca{ rf}la; s/f]8 tlg nfv c7xq/ xhf/ cf7 ;o k}; L_ x'g]5. bkmf % u_ a}+ssf] r'qmf k"fhl?=(,@$,)#,&*,*^% cif/]kl gf} ca{ rf}la; s/f]8 tlg nfv c7xq/ xhf/ cf7 ;o k}; L_ x'g]5. bkmf & u_c_ a}+sn] sf/f]af/ ;~rfng u/]sf] kffr jif{ gk'u];dd ;+:yfksn] cfk\mgf] z]o/ laqml jf lwtf]agws /fvg kfpg] 5}g. t/ a}+ssf] ;~rfngdf s'g} afwf Jojwfg ptkgg eo{ ljz]if kl/l:yltsf] l;h{gf x'g updf g]kfn /fi6«a}+saf6 :jls[lt k fkt u/l ;+:yfksx?alr cfk;df z]o/ laqml k bfg ug{ o; Joj:yfn] afwf k' ofpsf] dflgg] 5}g. bkmf & u_cf_ a}+sn] sf/f]af/ ;~rfng u/]sf] ldltn] kffr jif{kl5 cfkm\gf] gfddf /x]sf] z]o/ laqml ug{ jf lwtf] agws /fvg rfx]df g]kfn /fi6«a}+sn] tf]s]sf] zt{sf] cwlgdf /xl To:tf] z]o/ laqml jf lwtf] agws /fvg ;Sg]5. x_ s'g} JolQm jf ;+:yfnfo{ shf{ lb+bf jf lgh;+u s'g} sf/f]af/ ubf{ cfk\mgf] lxtsf] ;+/If0fsf nflu cfjzostf cg';f/ zt{ u/fpg], If_ g]kfn /fi6«a}+sn] tf]lslbp adf]lhd shf{ lbg], q_;dalgwt lgsfosf] :jls[lt lng'kg]{ ep ;f] ;d]t lno{ cfjzostf cg';f/ af]g; z]o/ jf xsk b z]o/ hf/l ug]{. 1_ g]kfn /fi6«a}+sn] tf]s]sf] cgo sfd ug]{. a}+ssf] hf/l k"fhl?=!),^@,^$,#%,^($=&) cif/]kl bz ca{ a}; L s/f]8 rf}; L nfv k}ql; xhf/ 5 ;o rf}/fgaa]?k}of ;Q/L k};f_ x'g]5. a}+ssf] r'qmf k"fhl?=!),^@,^$,#%,^($=&) cif/]kl bz ca{ a}; L s/f]8 rf}; L nfv k}ql; xhf/ 5 ;o rf}/fgaa]?k}of ;Q/L k};f_ x'g]5. a}+sn] sf/f]af/ ;~rfng u/]sf] sdtldf kffr jif{ gk'u];dd ;+:yfksn] cfˆgf] gfddf /x]sf] z]o/ laqml ug{ jf lwtf]agws /fvg kfpg] 5}g. t/ a}+ssf] ;~rfngdf s'g} afwf Jojwfg ptkgg eo{ ljz]if kl/l:yltsf] l;h{gf x'g updf jf ;+:yfks cgo a}+s jf ljqlo ;+:yfsf] ljqlo sf/f]af/df sfnf];"rldf ;dfj]z x'g k'u]df /fi6«a}+ssf] :jls[lt lno{ ;+:yfksx?alr Ps cfk;df z]o/ vl/b jf laqml ug{ ;lsg]5. ;+:yfksn] a}+sn] sf/f]af/ ;~rfng u/]sf] ldltn] kffr jif{ k'u]kl5 / ;j{;fwf/0fdf z]o/ hf/l u/]kl5 cfkm\gf] gfddf /x]sf] z]o/ laqml ug{ jf lwtf] agws /fvg rfx]df g]kfn /fi6«a}+ssf] :jls[tl lno{ lalqm u/]sf] To:tf] z]o/ ;+:yfks ;d"xdf g} /xg] u/l laqml ug{ jf lwtf] agws /fvg ;Sg]5. t/ r'qmf k"fhlsf] b'o{ k ltzt egbf sd z]o/ wf/0f ug]{ ;+:yfksn] cfkm\gf] z]o/ lalqm jf lwtf] agws /fvbf g]kfn /fi6«a}+ssf] :jls[tl lng cfjzos kg]{ 5}g. Aff]g; z]o/ hf/l u/l a}+ssf] hf/l k"fhl a[l4 ug{. Aff]g; z]o/ hf/l u/l a}+ssf] r'qmf k"fhl a[l4 ug{. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!! d'tflas ldnfg ug{. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!! #_ d'tflas ldnfg ug{. 106 #! cf} + jflif{s k ltj]bg

109 bkmf & r_ s;}n] v08 ª_ sf] ljkl/t sfd u/]df To:tf] z]o/ a}+sn] hkmt ug]{5 / To;/L hkmt epsf] z]o/ ;~rfns ;ldltn] plrt 7x ofpsf] lsl;daf6 laqml lat/0f ug{ ;Sg]5. s;}n] v08 ª_ sf] ljk/lt s'g} sfd u/]df To:tf] lwtf]kq ;DalGwt a}+sn] hkmt u/l /fi6«a}+sn] tf]s] adf]lhd laqml ljt/0f ug{' kg{]5. a}+s tyf ljqlo ;+:yf ;DalGw sf] d'tflas ldnfg ug{. bkmf!!!_ k agwkqdf ;+zf]wg epdf nfu' x'g] cj:yf o; k agwkqdf a}+sn] s'g} ;+zf]wg ug{'kg]{ epdf sdkgl sfg"g adf]lhd k :tfj kfl/t u/l ;f] k :tfj sfof{noaf6 clen]v epkl5 dfq k agwkq ;+zf]wg epsf] dflgg]5. k agwkqdf ;+zf]wg epdf nfu" x'g] cj:yf o; k agwkqdf a}+sn] s'g} ;+zf]wg ug{'kg]{ epdf sdkgl sfg"g adf]lhd k :tfj kfl/t u/l ;f] k :tfj d'tflas epsf] ;+zf]wg /fi6«a}+saf6 :jls[t eo{ sdkgl /lhi6«f/sf] sfof{noaf6 clen]v epkl5 dfq k agwkq ;+zf]wg epsf] dflgg]5. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!@* ;d]t d'tflas ldnfg ug{. #! cf} + jflif{s k ltj]bg 107

110 lgodfjnlsf] ;DalGwt lgod lgod ^(_ ;fwf/0f ;efdf k]z gepsf] k :tfj pk/ lg0f{o ug{ kfog] 5}g. t/ ;fwf/0f ;efdf pkl:yt s"n z]o/wglx?alr ;xdlt eo{ s'g} ljifodf ;j{;ddt lg0f{o epdf s'g} goff k :tfj ug{ ;lsg]5. ljz]if k :tfj;+u ;DalGwt lgodfjnldf ;+zf]wg ug{ k :tfljt bkmfx?sf] ljj/0f xfnsf] Joj:yf k :tfljt ;+zf]wg ;+zf]wg ug{'kg]{ sf/0f ;fwf/0f ;efdf k]z gepsf] k :tfj pk/ lg0f{o ug{ kfog] 5}g. t/ ;fwf/0f ;efdf dtbfg ug{ kfpg] sdkglsf] hddf z]o/sf] ;t; L k ltzt z]o/nfo{ k ltlglwtj ug]{ z]o/wglx? :jo+ jf k ltlglw dfk{mt pkl:yt eo{ s'g} ljifodf lg0f{o lng] kifdf dtbfg u/]df goff k :tfj k]z ug{ ;lsg]5. sdkgl sf] bkmf ^& #_ s_ d'tflas ldnfg ug{. lgod *!_ b]lv %_;Dd ;~rfnssf] ;+Vof / sfo{sfnm!_ o; a}+ssf] ;~rfnsx?sf] lgo'lqm jf lgjf{rg k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"g / o; lgodfjnl adf]lhd jflif{s ;fwf/0f ;efaf6 x'g]5. t/ Joj;flos ljz]if1 ;~rfnssf] lgo'lqm ;~rfns ;ldltn] o; a}+sdf ( gf}+_ hgfsf] ;~rfns ;ldlt x'g]5. ;f] ;ldltdf ;d"xut k ltlglwtj b]xfo adf]lhd x'g]5 M s_ ;+:yfks ;d"xsf z]o/wglx?dwo]af6 lgjf{lrt jf dgf]lgt ^ 5_ hgf. h;dwo] ;+:yfks ;fljs /fli6«o jfl0fho a}+s ;d"xsf z]o/ vl/b ug]{ z]o/wglx? dwo]af6 lgjf{lrt! Ps_ hgf, /fli6«o aldf sdkgl lnld6]8sf tkm{af6 dgf]lgt! Ps_ hgf / affsl ;+:yfksx?dwo]af6 dgf]lgt $ rf/_ hgf ;~rfns x'g]5g\. v_ vf/]h ug]{ u_ vf/]h ug]{ 3_ ;j{;fwf/0f ;d"xaf6 b'o{_ hgf. ª_ g]kfn /fi6«a}+sn] sfod u/]sf] Joj;flos ljz]if1x?sf] ;"rlaf6 ;~rfns ;ldltn] lgo'qm u/]sf] Joj;flos ;~rfns! Ps_ hgf. #_ ;~rfnsx?sf] sfo{sfn $ rf/_ jif{sf] x'g]5 / kbfjlw ;dfkt epsf] ;~rfns k'gm lgjf{lrt jf lgo'qm x'g ;Sg]5. t/ cwoif nufot s'g} klg ;~rfns nuftf/ b'o{ k6s ;~rfnssf] ;+Vof / sfo{sfnm!_ o; a}+ssf] ;~rfnsx?sf] lgjf{rg k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"g tyf cgo k rlnt sfg"g / o; lgodfjnl adf]lhd jflif{s ;fwf/0f ;efaf6 x'g]5. t/ :jtgq ;~rfnssf] lgo'lqm ;~rfns ;ldltn] ug]{5 / ;f]sf] hfgsf/l lgo'lqm kl5 a:g] klxnf] ;fwf/0f ;efdf lbg' o; a}+sdf & ;ft_ hgfsf] ;~rfns ;ldlt /xg]5. ;f] ;ldltdf ;d"xut k ltlglwtj b]xfo adf]lhd x'g]5 M s_ ;+:yfks ;d"xsf z]o/wglx?dwo]af6 lgjf{lrt $ rf/_ hgf. v_ ;j{;fwf/0f ;d"xaf6 b'o{_ hgf. u_ :jtgq ;~rfns! Ps_ hgf. #_ ;~rfnsx?sf] sfo{sfn a9ldf $ jif{sf] x'g]5 / lgh k'gm lgo'qm jf dgf]lgt x'g ;Sg]5. t/, a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!$ /!% d'tflas ldnfg ug{. 108 #! cf} + jflif{s k ltj]bg

111 egbf a9l pqm kbdf lgjf{lrt, dgf]lgt jf lgo'qm x'g ;Sg] 5}g. $_ jflif{s ;fwf/0f ;ef x'g'egbf cufj} s'g} ;~rfnssf] kb l/qm x'g cfpdf affsl cjlwsf nflu ;~rfnssf] lgo'lqm ;~rfns ;ldltåf/f ug{ ;lsg]5. s'g} ;~rfnssf] kb To;/L l/qm epdf goff lgo'qm ;~rfnssf] sfo{sfn l/qm epsf] ;~rfnssf] affsl sfo{sfn;ddsf nflu dfq x'g]5. t/ s'g} ;+ul7t ;+:yf, ljb]zl a}+s jf ljqlo ;+:yfn] z]o/ lnpsf] cj:yfdf ;f] ;+:yfaf6 dgf]lgt ;~rfnssf] kb l/qm epdf ;f]xl ;+:yfn] csf]{ ;~rfns lgo'qm ug{ ;Sg]5. %_ s'g} ;+ul7t ;+:yf, ljb]zl a}+s jf ljqlo ;+:yfn] a}+ssf] z]o/ lnpsf] ep cfkm"n] lnpsf] z]o/sf] cg'kftdf ;~rfns lgo'qm ubf{ lghsf] cg'kl:yltdf sfd ug{ ;Sg] u/l j}slnks ;~rfns ;d]t lgo'qm ug{ ;Sg]5. lgod!)!_ ;~rfns ;ldltsf] a}7sm ;~rfns ;ldltsf] a}7s cfjzostf cg';f/ lgod ( df pnn]lvt kbflwsf/ln] af]nfpg] 5. s'n ;~rfns ;+Vofsf] sdtldf Ps ltxfo{ ;~rfnsx?n] dfu u/]df To:tf] kbflwsf/ln] kgw lbgleq ;~rfns ;ldltsf] a}7s af]nfpg' kg]{5. o;/l lghn] kgw lbgleq a}7s gaf]npdf ;f] s'/f v'nfo{ sdkgl /lhi6«f/sf] sfof{nodf ;~rfns ;ldltsf] a}7s af]nfpg lgj]bg lbg ;lsg]5. o;/l k fkt epsf] lgj]bg pk/ ;f] sfof{non] 5fglag u/l cwoifn] a}7s gaf]nfpsf] kfopdf pqm sfof{non] PsfpGg k ltzt ;~rfnssf] pkl:yltdf a}7s a:g cg'dlt lbg ;Sg]5. s_ ;~rfnsx?sf] sfo{sfn $rf/_ jif{df ga9g] u/l lghx? lgjf{lrt epsf] ;fwf/0f ;ef kl5 x'g] rf}yf} ;fwf/0f ;efsf] ;dfktl;dd sfod /xg]5. v_ ;fljsdf ;+:yfksx?af6 lgjf{lrt jf lgo'qm ;~rfnsx?sf] kb of] ;fwf/0f ;efsf] ;dfktlk5l :jtm l/st eo{ pqm :yfgdf pklgod!_ adf]lhd lgjf{lrt epsf] ;~rfnsx?n] pqm :yfgdf u x0f ug]{5. u_ a}+s tyf ljqlo ;+:yf ;DalGw P]g k f/de epkl5 lgo'qm epsf] sfo{sf/l cwoif jf k agw ;+rfns nuftf/ b'o{ sfo{sfn;dd dfq /xg ;Sg]5 / :jtgq ;~rfns!ps_ sfo{sfnsf] nful dfq lgo'qm x'g ;Sg]5. $_ jflif{s ;fwf/0f ;ef x'g'egbf cufj} s'g} ;~rfnssf] kb l/qm x'g cfpdf csf]{ jflif{s ;fwf/0f ;ef gep;ddsf] nflu ;~rfnssf] lgo'lqm ;~rfns ;ldltåf/f ug{ ;lsg]5. %_ vf/]h ug{]. ;~rfns ;ldltsf] a}7sm ;~rfns ;ldltsf] a}7s cfjzostf cg';f/ lgod ( df pnn]lvt kbflwsf/ln] af]nfpg] 5. sdtldf Ps ltxfo ;~rfnsn] a}7sdf 5nkmn ug{' kg{] ljifo ;d]t v'nfo{ lnlvt cg'/f]w u/]df cwoifn] h'g;'s} avt ;~rfns ;ldltsf] a}7s af]nfpg' kg]{5. a}+s tyf ljqlo ;+:yf ;DalGw d'tflas ldnfg ug{. #! cf} + jflif{s k ltj]bg 109

112 lgod!)%_ ;~rfns ;ldltsf] a}7sdf ax'dtsf] lg0f{o dfgo x'g]5 / dt a/fa/ epdf dfq cwoifn] lg0ff{os dt lbg ;Sg]5. lgod!)^_ ;~rfns ;ldltsf] a}7s jif{df sdtldf af x k6s a:g' kg]{5. t/ b'o{j6f a}7ssf] alrsf] km/s b'o{ dlxgfegbf a9l x'g] 5}g. lgod!!!_ ;~rfns lgo'lqm ;DaGwL vf; Joj:yfM!_ a}+ssf] ;~rfnsx?sf] lgo'lqm / lgjf{rg k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"gsf] cwlgdf /xl ;fwf/0f ;efaf6 x'g]5 / Joj;flos ljz]if1 ;~rfnssf] lgo'lqm ;~rfns ;ldltn] ug]{5. lgod!#@_ o; a}+ssf] ;~rfnssf] kbdf lgo'qm x'gsf] nflu cfk\mgf] gfddf sdtldf #) yfg z]o/ lnpsf] x'g'kg]{5. t/, g]kfn /fi6«a}+sn] sfod u/]sf] Joj;flos ljz]if1 ;~rfns tyf ljb]zl a}+s jf ljqlo ;+:yf jf ;+ul7t ;+:yfn] a}+sdf z]o/ nufgl u/l ;~rfns dgf]gog u/]sf] cj:yfdf To:tf] ;~rfnsn] JolQmut x}l;otn] To:tf] Go"gtd z]o/ lng cfjzos x'g] 5}g. lgod!% dtbfg ug]{ clwsf/m k rlnt sdkgl sfg"g jf o; lgodfjnldf cgoyf n]lvpsf]df afx]s k To]s z]o/wgln] cfkm"n] lnpsf] k To]s z]o/ afkt Pp6f dt lbg] clwsf/ x'g]5. ;~rfns ;ldltsf] a}7sdf ax'dtsf] lg0f{o dfgo x'g]5 / dt a/fa/ epdf cwoiftf ug{] JolQmn] lg0ff{os dt lbg kfpg]5. ;~rfns ;ldltsf] a}7s jif{df sdtldf af x k6s a:g' kg]{5. t/,b'o{ j6f a}7ssf] alrsf] km/s ;f7l lbg egbf a9l x'g] 5}g. ;~rfns lgo'lqm ;DaGwL vf; Joj:yfM!_ a}+ssf] ;~rfnsx?sf] lgjf{rg k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"gsf] cwlgdf /xl ;fwf/0f ;efaf6 x'g]5 / :jtgq ;~rfnssf] lgo'lqm ;~rfns ;ldltn] ug]{5. o; a}+ssf] ;~rfnssf] kbdf lgo'qm x'gsf] nflu cfk\mgf] gfddf sdtldf #) yfg z]o/ lnpsf] x'g'kg]{5. t/, :jtgq ;~rfns jf ;+ul7t ;+:yfn] ;+:yfks z]o/ lnpsf]df To:tf z]o/wglx?sf tkm{af6 ;~rfnssf] pdd]bjf/ x'g] JolQmn] JolQmut?kdf a}+ssf] z]o/ lnpsf] x'g h?/l x'g] 5}g, t/ lgh h'g ;+:yfkssf tkm{af6 pdd]bjf/ x'g] xf] ;f] ;+:yfksaf6 lnlvt clwsf/ lnpsf] x'g'kg]{5. dtbfg ug]{ clwsf/m k rlnt sdkgl sfg"g jf o; lgodfjnldf cgoyf n]lvpsf]df afx]s k To]s k To]s z]o/wgln] cfkm"n] lnpsf] k To]s z]o/ afkt Pp6f dt lbg] clwsf/ x'g]5. t/ ;~rfnssf] lgjf{rg k of]hgsf] nful k To]s z]o/wglnfo{ lghn] lnpsf] z]o/ ;ª\Vofn] lgo'qm ug'{ kg]{ ;~rfnssf] ;ª\VofnfO{ u'0fg ubf{ x'g] ;ª\Vof a/fa/sf] dtsf] lx;fan] dtbfg ug]{ clwsf/ x'g]5 / To;/L dtbfg ug]{ a}+s tyf ljqlo ;+:yf ;DalGw sf] %_ d'tflas ldnfg ug{. a}+s tyf ljqlo ;+:yf ;DalGw sf] d'tflas ldnfg ug{. a}+s tyf ljqlo ;+:yf ;DalGw n] æjoj;flos ljz]if1 ;~rfnsæ sf] :Yffgdf æ:jtgq ;~rfnsæ sf] Joj:yf u/]sf]n] a}+s tyf ljqlo ;+:yf ;DalGw n] æjoj;flos ljz]if1 ;~rfnsæ sf] :Yffgdf æ:jtgq ;~rfnsæ sf] Joj:yf u/]sf]n] tyf ;+ul7t ;+:yfn] ;+:yfks z]o/ lnpsf]df To:tf] ;+:yfks z]o/wglsf] tkm{af6 ;d]t ;+rfnssf] kbdf pdd]b\jf/l lbg kfpg ;Sg] Joj:yf ug{. sdkgl sf] bkmf &@!_ d'tflas ldnfg ug{. 110 #! cf} + jflif{s k ltj]bg

113 lgod!^!_ z]o/wgl afx]ssf] cgo s'g} Joj;flos JolQmnfO{ ;~rfns lgo'lqm ug]{ tyf lghx?sf] ;+Vof, sfo{sfn, of]uotf tyf lgo'lqm k lqmof ;DaGwL Joj:yfM k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"gn] Joj:yf u/] adf]lhd g]kfn /fi6«a}+sn] sfod u/]sf] Joj;flos laz]if1x?sf] ;"rlaf6 ;~rfns ;ldltn] Ps!_ hgf Joj;flos ;~rfns lgo'qm ug]{5. z]o/wgln] cfˆgf] ;a} dt Pp6} pdd]bjf/nfo{ jf PseGbf a9l pdd]bjf/nfo{ lghn] tf]s] adf]lhd ljefhg x'g] u/l dtbfg ug{ ;Sg]5. z]o/wgl afx]ssf] cgo s'g} Joj;flos JolQmnfO{ ;~rfns lgo'lqm ug]{ tyf lghx?sf] ;+Vof, sfo{sfn, of]uotf tyf lgo'lqm k lqmof ;DaGwL Joj:yfM k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"gn] Joj:yf u/] adf]lhd ;f] P]gn] tf]s]sf] of]uotf k'u]sf] JolQm dwo]af6 Ps!_ hgf :jtgq ;~rfnssf] lgo'lqm ;~rfns ;ldltn] u/l ;f]sf] hfgsf/l To:tf] lgo'lqm kl5 a:g] klxnf] ;fwf/0f ;efdf lbg' kg]{5. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!$ #_ d'tflas ldnfg ug{. lgod!^@_ lghsf] sfo{sfn rf/ jif{sf] x'g]5. lghsf] sfo{sfn rf/ jif{sf] x'g]5 / lgh Ps sfo{sfnsf] nflu dfq lgo'qm x'g ;Sg]5. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!%!_ sf] k ltagwoftds jfsoffz d'tflas ldnfg ug{. lgod!& :jtgq ;~rfns ;DaGwL Joj:yf, ;+Vof / of]uotfm a}+sdf g]kfn /fi6«a}+sn] k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"gn] tf]s]sf] Joj:yfsf] cwlgdf /xl sfod u/]sf] Joj;flos ljz]if1x?sf] ;"rlaf6 ;~rfns ;ldltn] lgo'lqm u/]sf]! hgf Joj;flos ;~rfns g} :jtgq ;~rfnssf]?kdf /xg]5. lghsf] sfd, st{jo, clwsf/ tyf ;'ljwf / sfo{sfn lgod!^ df pnn]v ep adf]lhd x'g]5. vf/]h ug]{. cfjzostf gepsf]n] lgod!($_ s_ ;~rfns ;ldltsf] lg0f{o nfu" ug]{ / k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"g, k agwkq / o; lgodfjnlsf] cwlgdf /xl a}+ssf] sfd sf/jfxl tyf sf/f]af/sf] /]vb]v / lgogq0f ug]{, v_ a}+ssf] jflif{s ah]6 / sfo{of]hgf tof/ u/l :jls[ltsf] nflu ;~rfns ;ldlt ;dif k]z ug]{, u_ a}+ssf] sd{rf/l ljlgodfjnlsf] cwlgdf /xl cfjzos hgzlqm Joj:yfkg ug]{, 3_ ;~rfns ;ldlt / ;fwf/0f ;efåf/f ul/psf lg0f{o / g]kfn /fi6«a}+såf/f lbopsf lgb]{zgx? sfof{gjog ug]{ u/fpg], s_ k agwkq / lgodfjnlsf] cwlgdf /xl ;~rfns ;ldltaf6 k bq clwsf/ k of]u ug{], ;~rfns ;ldltsf] lg0f{o nfu" ug{] / a}+ssf] sfd sf/afxl tyf sf/f]af/sf] /]vb]v tyf lgogq0f ug]{, v_ a}+ssf] jflif{s ah]6 / sfo{of]hgf tof/ u/l :jls[ltsf] nflu ;~rfns ;ldlt ;dif k]z ug]{, u_ a}+ssf] sd{rf/l ljlgodfjnlsf] cwlgdf /xl cfjzos hgzlqm Joj:yfkg ug]{, 3_ ;fwf/0f ;efåf/f ul/psf lg0f{o sfof{gjog ug]{, u/fpg], a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf #) d'tflas ldnfg ug{. #! cf} + jflif{s k ltj]bg 111

114 ª_ k rlnt a}+s tyf ljqlo ;+:yf ;DaGwL sfg"g, k agwkq / o; lgodfjnlsf] cwlgdf /xl a}+sn] g]kfn /fi6«a}+s jf cgo s'g} lgsfodf k]z ug{' kg]{ ljj/0f, sfuhft, lg0f{o cflb oyf;dodf k]z ug]{ u/fpg], r_ a}+s ;~rfng ug{] ;DaGwdf tf]lsp adf]lhdsf cgo sfo{x? ug]{ u/fpg]. lgod!(^_ k d'v sfo{sf/l ;~rfns jf k d'v sfo{sf/l clws[t nuftf/ b'o{ k6s egbf a9l pqm kbdf lgjf{lrt, dgf]lgt jf lgo'qm x'g ;Sg] 5}g. lgod #$ n]vfk/lif0f ;ldlt ;DaGwL Joj:yfM a}+sn] sdkgl ;DaGwL sfg"g / g]kfn /fi6«a}+sn] hf/l u/]sf] lgb]{zgsf] cg's'n x'g] u/l n]vfk/lif0f ;ldltsf] Joj:yf ug]{5. lgod #* #_ s_ ;uf]nsf] klt jf ktgl, v_ ;uf]nsf] 5f]/f, wd{k'q jf 5f]/L jf wd{k'ql, u_ ;uf]nsf] afa', cfdf, 5f]/f kl sf] gflt jf gfltgl, 3_ legg a;]sf] klt jf ktgl, 5f]/f, cljjflxtf 5f]/L, afa' jf cfdf, ª_ ;uf]nsf] afa'kl sf] afh], aho}, bfh', efo, cljjflxtf lbbl jf alxgl, ª_ a}+s tyf ljlqo ;+:yf ;DalGw P]g / /fi6«a}+ssf] lgb{]zg cg'?k ;+:yf ;~rfng ug{] / a}+ssf] k efjsf/l cfgtl/s lgogq0f Pj+ hf]lvd Joj:yfkg ug{], r_ a}+s tyf ljlqo ;+:yf ;DalGw P]g, /fi6«a}+ssf] lgb{]zg, k agwkq / lgodfjnlsf] cwlgdf /xl a}+sn] /fi6«a}+s jf cgo s'g} lgsfodf k]z ug'{ kg]{ ljj/0f, sfuhft, lg0f{o cflb oyf;dodf k]z ug]{, 5_ lgif]kstf{, z]o/wgl tyf a}+ssf] prrtd lxt x'g] u/l ;~rfng ug{], h_ ;~rfns ;ldltn] lgwf{/0f u/]sf] gllt cgtu{t /xl prr Joj:yfkgsf] nflu plrt dfkb08 nfu" ug{]. sfo{sf/l k d'vsf] sfo{sfn a9ldf rf/ jif{sf] x'g]5 / lgh csf]{ Ps sfo{sfnsf nflu k'gm lgo'lqm x'g ;Sg]5. t/ lghsf] sfo{sfn u0fgf ubf{ lghsf] klxnf] sfo{sfn a}+s tyf ljqlo ;+:yf ;DalGw P]g,@)&# nfu" epsf] avt Ps sfo{sfn epsf] dfgl u0fgf ul/g]5. sfo{sf/l k d'vsf]?kdf sfo{sf/l cwoif jf k agw ;~rfns lgo'qm epsf] cj:yfdf eg] a}+s tyf ljqlo ;+:yf ;DalGw k f/de epkl5 lgo'qm epsf] sfo{sf/l cwoif jf k d'v ;~rfns nuftf/ b'o{ sfo{sfn;dd dfq pqm kbdf sfod /xg ;Sg]5. n]vfk/lif0f ;ldlt ;DaGwL Joj:yfM a}+sn] tyf a}+s tyf ljlqo ;+:yf ;DalGw P]g tyf cgo k rlnt sfg"g / g]kfn /fi6«a}+sn] hf/l u/]sf] lgb]{zgsf] cg's'n x'g] u/l n]vfk/lif0f ;ldltsf] Joj:yf ul/g] 5. s_ ;uf]nsf] klt jf ktgl, v_ ;uf]nsf] 5f]/f jf 5f]/L, wd{k'q jf wd{k'ql jf ljwjf a'xf/l u_ ;uf]nsf] afa', cfdf, gflt jf gfltgl, 3_ legg a;]sf] klt jf ktgl, 5f]/f, 5f]/L, afa' jf cfdf, 5f]/f, a'xf/l jf ljjflxt 5f]/L, ª_ ;uf]nsf] afh], aho}, bfh', efo, ebf, eb}, lbbl jf alxgl, legg a;]sf afh], aho}, a}+s tyf ljqlo ;+:yf ;DalGw / #_ d'tflas ldnfg ug{. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf ^) d'tflas ldnfg ug{. a}+s tyf ljqlo ;+:yf ;DalGw sf] df pnn]lvt k fyldstf qmdfg';f/ ldnfg ug{. 112 #! cf} + jflif{s k ltj]bg

115 r_ ;uf]nsf] elthf, elthl, ;f}t]gl cfdf, legg a;]sf] 5f]/fkl sf] gflt jf cljjflxtf gfltgl, 5_ ;uf]nsf] sfsf, ljwjf sfsl, efpho", efoa'xf/l jf gfltgl a'xf/l, h_ legg a;]sf] bfh' jf efo, em_ ljjflxtf lbbl, alxgl, legg a;]sf afh], aho}, ljwjf 5f]/f a'xf/l, gfltgla'xf/l jf elthf. lgod $$ lgodfjnldf ;+zf]wg epdf nfu" x'g] cj:yfm a}+sn] o; lgodfjnldf s'g} ;+zf]wg ug{' kg]{ epdf a}+s tyf ljqlo ;+:yf ;DaGwL sfg"g, k rlnt sdkgl sfg"gsf] Joj:yfsf] cwlgdf /xl ug{' kg]{5 / ;f] ;+zf]wg sdkgl /lhi6«f/sf] sfof{nodf clen]v epkl5 dfq lgodfjnl ;+zf]wg epsf] dflgg]5. r_ ;uf]nsf] ;f}t]gl cfdf, legg a;]sf] 5f]/f kl sf] gflt jf cljjflxt gfltgl, 5_ legg a;]sf] bfh' jf efo, ebf, eb}, lbbl, alxgl, elthf, elthl h_ ;uf]nsf] sfsf, ljwjf sfsl, efph', efo a'xf/l jf gfltgl a'xf/l, em_ ljjflxt lbbl, alxgl, legg a;]sf] gfltgl a'xf/l lgodfjnldf ;+zf]wg epdf nfu" x'g] cj:yfm o; lgodfjnldf a}+sn] s'g} ;+zf]wg ug{'kg]{ epdf sdkgl sfg"g adf]lhd k :tfj kfl/t u/l ;f] k :tfj d'tflas epsf] ;+zf]wg /fi6«a}+saf6 :jls[t eo{ sdkgl /lhi6«f/sf] sfof{noaf6 clen]v epkl5 dfq lgodfjnl ;+zf]wg epsf] dflgg]5. a}+s tyf ljqlo ;+:yf ;DalGw sf] bkmf!@* ;d]t d'tflas ldnfg ug{. #! cf} + jflif{s k ltj]bg 113

116 114 #! cf} + jflif{s k ltj]bg

117 a}+ssf] cfly{s &$ sf] jflif{s x/lx;fa :jls[ltsf] qmddf g]kfn /fi6«a}+saf6 lbopsf] lgb]{zg pk/ Joj:yfkgsf] hjfkm!= n]vfk/lif0f k ltj]bgdf pnn]v ul/psf s}lkmotx? k"0f{?kn] ;'wf/ ug{ tyf k'g gbf]xl/g cfjzos Joj:yf ldnfopsf] lgb]{zg adf]lhd k :tfljt gub / af]g; z]o/ nfef+z /f]ssf ug]{ Joj:yf ldnfopsf] 5. #= shf{ ckn]vg ubf{ ;DalGwt kifnfo{ sfnf];"rldf /fvg] sfo{ ;DkGg eo{;s]sf] 5. $= u fxssf] shf{nfo{ ;"Id lgu/fgldf /fvg' kg]{ ;DaGwdf ToxfFsf] lgb]{zgsf] kfngf ug'{sf ;fy} lg/gt/?kdf kfngf ug]{ Joj:yf ul/psf] 5. #! cf} + jflif{s k ltj]bg 115

118 116 #! cf} + jflif{s k ltj]bg

119 PsLs[t ljj/0f #! cf} + jflif{s k ltj]bg 117

120 118 #! cf} + jflif{s k ltj]bg

121 #! cf} + jflif{s k ltj]bg 119

122 PsLs[t ;fn cfiff9 #! ut] k"fhl tyf bflotj cg';"rl rfn' cf=j=?= ut cf=j=?= z]o/ *,&),^^,!!,&^) hu]8f tyf sf]ifx C0fkq tyf a08!,%%,)),)),)))!,%%,)),)),))) ltg{ affsl shf{ lgif]k e'qmfgl lbg'kg]{ k :tfljt nfef+z cfos/ bflotj cgo bflotj %,^&,@&,^),@*& s'n ;DklQ tyf hfoh]yf cg';"rl rfn' cf=j=?= ut cf=j=?= gub g]kfn /fi6«a}+sdf /x]sf] &,&^,&#,@@,&($ a}+s ljqlo ;+:yfdf /x]sf] df}hbft &,@@,#(,&@,)** dfu tyf cnk ;"rgfdf k fkt x'g] /sd shf{, ;fk6 tyf lan vl/b!,)$,^@,$*,)&,&!) *%,$^,!),%),(&^ l:y/ ;DklQ!,##,^^,&@,#!$!,)&,#&,#^,$)) u}/ a}+lsë ;DklQ cgo ;DklQ!,$!,%$,@),@#% ($,)$,^&,%$* s'n ;DklQ!,%@,&$,*(,@&,&^@!,#$,)*,(!,@@,)$# k[yjlaxfb'/ kff8] cwoif e'jg]zj/k ;fb zfx ;+rfns k hgo /fhe08f/l ;+rfns df]xgdbg a'9fyf]sl ;+rfns ;"o{k sfznfn >]i7 ;+rfns Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lg/~hgnfn >]i7 ;+rfns ;lrg l6a8]jfn k d'v n]vf tyf ljq n]vfk/lifs ;'Gb/dfg >]i7= Pkm= l;=p= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 120 #! cf} + jflif{s k ltj]bg

123 PsLs[t gfkmfgf]s;fg ;fn >fj0f! cfiff9 #! ut];dd b]lv ;Dd_ ljj/0f cg';"rl rfn' cf=j=?= ut cf=j=?=!= Aofh cfdbfgl Aofh vr{ v"b Aofh cfdbfgl #= sldzg tyf l8:sfp06 $= cgo ;+rfng cfdbfgl $(,!#,^#,!&) #),$$,$^,)&^ %= ;6xL 36a9 cfdbfgl s'n ;+rfng cfdbfgl ^,(!,)%,!^,$#! ^= sd{rf/l vr{ &),#!,%&,!^*_ %*,(*,&(,(%*_ &= cgo ;+rfng vr{ &&,^(,((,(%!_ *= ;6xL 36a9 gf]s;fgl ;Defljt gf]s;fgl Joj:yf cl3sf] ;+rfng d'gfkmf $,!^,(*,)#,^^* (= ;Defljt gf]s;fgl Joj:yfx %!,!),#(,^)#_ $#,^$,^$,*$&_ ;+rfng d'gfkmf $,(!,(#,!(,&)( u}/ ;+rfng cfdbfgl gf]s;fgl *,*^,$%,%(* ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ #%,*&,)*,*^( lgoldt sf/f]af/af6 epsf] d'gfkmf c;fdfgo sf/f]af/x af6 epsf] d'gfkmf ;Dk"0f{ sf/f]af/ ;dfj]zkl5sf] v"b d'gfkmf $,!%,%!,(),#)!!#= sd{rf/l af]g; Joj:yf #&,&&,$$,%&#_!$= cfos/ o; ut jif{;ddsf] #,%^,^^,&$&_ $,&#,&!,#$%_ :yug (Deferred) cfos/ cfdbfgl vr{_ &),^#,^#^ v"b gfkmfgf]s;fg k[yjlaxfb'/ kff8] cwoif e'jg]zj/k ;fb zfx ;+rfns k hgo /fhe08f/l ;+rfns df]xgdbg a'9fyf]sl ;+rfns ;"o{k sfznfn >]i7 ;+rfns Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lg/~hgnfn >]i7 ;+rfns ;lrg l6a8]jfn k d'v n]vf tyf ljq n]vfk/lifs ;'Gb/dfg >]i7= Pkm= l;=p= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ #! cf} + jflif{s k ltj]bg 121

124 cfdbfgl!= ut jif{;ddsf] ;+lrt o; jif{sf] d'gfkmf #= ;6xL 36a9 sf]if $= P; 8]enkd]06 a}+ssf] ;l~rt gfkmf %= P; Soflk6n ln=sf] ;l~rt gfkmf vr{!= ut jif{;ddsf] ;+lrt o; jif{sf] gf]s;fg #= ;fwf/0f hu]8f sf]if $= e}k/l cfpg] hu]8f %= ;+:yf ljsf; sf]if ^= nfef+z ;dls/0f sf]if &= sd{rf/l;dagwl hu]8fx *= k :tfljt nfef+z (= k :tfljt af]g; z]o/!)= ljz]if hu]8f sf]if!!= ;6xL 36a9 sf]if!@= k"fhl ;dfof]hg sf]if!#= C0fkq e'qmfgl sf]if!$= nufgl ;dfof]hg sf]if!%= ;fdflhs pq/bflotj (CSR) sf]if PsLs[t gfkmfgf]s;fg aff8kmff8 ;fn >fj0f! cfiff9 #! ut];dd b]lv ;Ddsf] ljj/0f cg';"rl rfn' cf=j=?= ut cf=j=?= #!,%^,%*,*(! #,@%,@@,*@,#^#!,#*,^),%^,*#)!@,%(,)),^^& #,*#,^&* hddf %,)*,)@,*@,$@( $,!@,!!,)%,*(@ (,#*,(**_ #,!!,$!,#!@_ %!,)!,&^,&!#_!,%@,#^,%&,)%*_!,$%,!!,)!,(^)_ $#,(@,&(*_ hddf $,^@,)^,$#,#@)_ #,*),%$,$&,))!_ ;l~rt d'gfkmf gf]s;fg_ $%,(^,#(,!)( #!,%^,%*,*(! k[yjlaxfb'/ kff8] cwoif e'jg]zj/k ;fb zfx ;+rfns k hgo /fhe08f/l ;+rfns df]xgdbg a'9fyf]sl ;+rfns ;"o{k sfznfn >]i7 ;+rfns Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lg/~hgnfn >]i7 ;+rfns ;lrg l6a8]jfn k d'v n]vf tyf ljq n]vfk/lifs ;'Gb/dfg >]i7= Pkm= l;=p= lgldqm ;'Gb/ P08 sdkgl rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 122 #! cf} + jflif{s k ltj]bg

125 PsLs[t gub k jfx ;fn >fj0f! cfiff9 #! ut];dd ljj/0f rfn' cf=j=?= ut cf=j=?= s= sf/f]af/ ;+rfngaf6 gub k jfx &%,*^,$)%,)%@ %,&),)$,#&,*))_!= gub k fktl!!,)%,@%,#*,@(^ *,)&,*^,%$,!^&!=! Aofh cfdbfgl (,)(,$(,@$,)^! ^,%&,@#,&&,&((!=@ sldzg tyf l8:sfp06 cfdbfgl *!,^$,#*,#@! %(,%#,!@,%*(!=# ljb]zl ljlgdo sf/f]af/af6 cfdbfgl ^@,!$,#!,%() %#,#@,^$,(@*!=$ ckn]lvt shf{sf] #,&*,^@&!=% cgo cfdbfgl $(,%^,)$,!@$ gub e'qmfgl &,!!,)^,)%,@!%_ Aofh sd{rf/l vr{ ^(,*),*#,#*#_ sfof{no ;+rfng vr{ %&,*^,&!,(!*_ cfos/ cgo vr{!,$(,$%,@!@_ #),!^,$(*_ sfo{ut k"fhl (Working Capital) ultljlw cl3sf] gub k jfx ;+rfng;dagwl rfn' ;DklQdf sdl a[l4_!= dfu tyf cnk ;"rgfdf k fkt x'g] /sddf sdl a[l4_ @= cgo cnksflns nufgldf sdl a[l4_!!,%^,&*,%^,%^^ &,)*,*$,#$,!%$_ #= shf{ tyf lan; vl/bdf sdl a[l4_!(,#$,)@,@^,@$$_!(,)&,%&,%#,%@#_ $= cgo ;DklQdf sdl a[l4_ ##,**,*$,^%$_ #&,$&,*!,$!( ;+rfng;dagwl rfn' bflotjdf sdl_ a[l4!= lgif]k bflotjdf sdl_ ;l6{lkms]6 ckm l8kf]lh6df sdl_ a[l4 #= cnksflns ;fk6ldf sdl_ a[l4 (!,%%,@(^_!,@^,#^,&)@_ $= cgo bflotjdf sdl_ a[l4 %,@&,^),(@,&)*_ ^(,$@,@!,)^$_ v_ nufgl sf/f]af/df gub k jfx!= bl3{sflns nufgldf sdl a[l4_ *,$#,*&,)@,)&!_ *,)$,$@,(),((!_ *),)),%$,)$^_ l:y/ ;DklQdf sdl a[l4_ $#,(!,^%,)!!_!$,%%,)@,%!*_ #= bl3{sflns nufgldf Aofh cfdbfgl $= nfef+z cfdbfgl $,$&,%#,(#!!,!@,$!,@&@ u_ ljqlo ; f]t sf/f]af/af6 gub k jfx!= bl3{sflns C0f a08, l8a]gr/ cflb_ df a[l4 z]o/ k"fhldf a[l4 sdl_!,@(,@%,*&,)%#_ $,&@,%),))) $,)#,)),&$) %,)*,&(,*^,#%^ (),(*,)(,!$% #= z]o/ lk ldoddf a[l4 sdl_ $,%$,#&,^#,#** $= g]kfn /fi6«a}+saf6 k fkt ;x'lnot k'gmshf{df a[l4 sdl_ %= nfef+z vr{!,#*,)!,#&,&(#_ #^,%%,*^,!&&_ 3_ k fktl sfo{af6 epsf] gub k jfx!,%^,&^,!@,(*) ª_ gub tyf a}+s df}hbftsf] ljlgdo b/df epsf] km/saf6 cfdbfgl vr{!,%^,&^,!@,(*) r_ o; jif{sf] ;Dk"0f{ ultljlwaf6 gub k jfx %&,&@,&!,)(#_!,$!,@%,)%,$()_ 5_ gub tyf a}+sdf /x]sf] z' df}hbft!&,@&,&),((,@%(!*,^*,(^,)$,&$( h_ gub tyf a}+sdf /x]sf] clgtd df}hbft!(,&#,%(,&$,@^&!&,@&,&),((,@%( #! cf} + jflif{s k ltj]bg 123

126 ljj/0f z]o/ k"fhl ;l~rt gf=gf]= ;fwf/0f hu]8f sf]if PsLs[t OlSj6Ldf ;fn >fj0f! ut]b]lv b]lv z]o/ lk ldod ;6xL 36a8 sf]if z'? df}hbft *,&),^^,!!,&^) #,!),$%,!),*%) &,$$,)%,%(^ cl3nnf] jif{sf] ;dfof]hg ;DklQ ;dfof]hg hu]8f nufgl ;dfof]hg hu]8f d'b f ;6xLdf km/s v"b gfkmf gf]s;fg cfjlws v"b gfkmf #,@%,@@,*@,#^# ;fwf/0f hu]8f s]fifdf /sdfgt/ ^@,@*,@^,@@*_ ^@,@*,@^,@@* hf/l z]o/ k"fhl $,)#,)),&$) vl08t z]o/jfkt hf/l z]o/ k"fhl k :tfljt k :tfljt af]g; z]o/!,#*,^),%^,*#)!,#*,^),%^,*#)_ d'b f ;6xL 36a9 sf]ifdf /sdfgt/ (,#*,(**_ (,#*,(** k"fhl ;dfof]hg sf]ifdf k"fhl ;dfof]hg sf]ifaf6 lkmtf{ C0fkq e'qmfgl sf]ifaf6 C0fkq e'qmfgl sf]ifdf /sdfgt/ nufgl ;dfof]hg sf]if z]o/ lk ldodaf6 /sdfgt/!,#*,^),%^,*#)!,#*,^),%^,*#)_ k fktl af6 yk sd{rf/l tflnd sf]ifaf6 /sdfgt/ CSR km08 af6 /sdfgt/ #,!!,$!,#!@_ clgtd df}hbft!),^@,^$,#%,^(% $%,(^,#(,!)( $,)%,#!,($,*(%!,&!,*$,%$,)@) &,^&,#@,&#) 124 #! cf} + jflif{s k ltj]bg

127 #! cf} + jflif{s k ltj]bg 125 kl/jt{g;dagwl cfiff9 #! ut];dd ;Ddsf] cgo hu]8f tyf sf]if C0fkq e'qmfgl sf]if kf"hl ;dfof]hg sf]if nufgl ;dfof]hg sf]if k fktl hu]8f sd{rf/l tflnd sf]if CSR km08 s'n /sd ^^,%@,^#!!&,&(,%(@ *!,*@,##^!%,^&,!#* #,!!,$!,#!@ #,@%,@@,*@,#^# *!,*@,##^ #!,%)) (),&!,$@,*%%!@,(!,((,@)&!&,!#,%^,$@) &!,)!,!),!#%!,)!,(),^&* #,@&,)*,$%)!*,*(,%!,(%,^($

128 PsLs[t n]vf;dagwl dxtjk"0f{ gllt tyf l6kk0flx?!= ;fdfgo hfgsf/l s_ g]kfn OG8f]:j]h a}+s lnld6]8, xfnsf] g]kfn OGe]i6d]06 a}+s lnld6]8 k ]mgr tyf g]kfnl nufglstf{sf] ;+o'qm nufgldf ;g\!(*^ df ttsfnlg sdkgl cg';f/ ;+:yfkg epsf] a}+s xf]. pqm g] kfn OG8f]:j]h a}+s lnld6]8df ljzjs} 7"nf] a}+lsë ;d"xsf] ;xfos sdkgl æqm]l86 Pu Lsf]n OG8f]:j]h a}+s sf] %)Ü kf"hl nufgl lyof]. clk ndf q]ml86 Pu Lsf]n OG8f]:j]hn] o; a}+sdf epsf] cfkm\gf] ;Dk"0f{ nufgl las L ug]{ lg0f{okzrft\ a}+s/, k]zfsdl{, pbf]ul tyf Joj;foL ;lddlnt g]kfnl sdkglx?sf] ;d"xn] qm]l86 Pu Lsf]n OG8f]:j]hsf] ;Dk"0f{ nufgl v/lb u of]. ttkzrft\ g]kfn /fi6«a}+s, sdkgl /lhi6«f/ tyf a}+ss} ;fwf/0f ;efaf6 :jls[lt lno{ a}+ssf] gfd æg]kfn OGe]i6d]06 a}+s lnld6]8æ df kl/jt{g ul/of]. v_ ;dliff jif{df a}+sn] P:f 8]enkd]06 a}+s ln= g]kfn /fi6«a}+saf6 vú ju{sf] Ohfhtkq k fkt ;+:yf_ nfo{ k fktl u/]sf] 5. P; 8]enkd]06 a}+s ln= sf z]o/wglx?nfo{ To; a}+sdf /x]sf] k lt!)) lsqf z]o/ a/fa/ o; a}+ssf] $! lsqf z]o/ k bfg ul/psf] 5. k fktl ug]{ df a;]sf] b'j} ;+:yfsf] ljz]if ;fwf/0f;efn] cg'df]bg u/]sf] lyof]. ;fy} g]kfn /fi6«a}+s / sdkgl /lhi6«f/ sfof{noaf6 )# )! df k fktl ug]{ clgtd :jls[tl k fkt epsf] lyof]. n]vf lx;fa lstfanfo{ ;dfof]hg u/l af6 Plss[t sf/f]af/ z'? epsf] lyof]. u_ g]kfn OGe]i6d]06 a}+s, a}+s tyf ljqlo ;+:yf ;DaGwL cgtu{t æsæ ju{sf] Ohfhtkq k fkt a}+s xf]. o;sf] s]gb Lo sfof{no b/af/dfu{, sf7df8f}fdf cjl:yt 5. 3_ a}+ssf] ;fwf/0f z]o/ ;fj{hlgs v/lb laqmlsf nflu g]kfn :6s PS:r]Gh ln= df ;"rls[t PsLs[t ljqlo ljj/0f M a}+ssf] PsLs[t ljqlo ljj/0fdf a}+s tyf a}+ssf] ;xfos sdkglx?sf] ljqlo ljj/0f ;dfj]z ul/psf] 5. ;xfos sdkglx?sf] cfly{s jif{ klg d'vo sdkglsf] cfly{s jif{;fu ;dfg /x]sf] 5. ;xfos sdkglx? PgcfOlaPn Soflk6n dfs]{6;\ ln= tyf P; Soflk6n lnld6]8 d'vo sdkgl g]kfn OGe]i6d]06 a}+s lnld6]8sf ztk ltzt ;xfos sdkglx? (100% Subsidiary) x'g\. #= cg'kfng;dagwl k lta4tf M ;d"xsf] PsLs[t ljqlo ljj/0f tyf a}+ssf] 5' } ljqlo ljj/0fx ;j{dfgo n]vf l;4fgt, g]kfn n]vfdfg af]8{n] hf/l u/]sf] g]kfn n]vfdfg dfkb08, sdkgl a}+s tyf ljqlo ;+:yf;dagwl / g]kfn /fi6«a}+ssf] lgb]{zgnfo{ ;d]t cfwf/ dfgl tof/ kfl/psf 5g\. ol cfly{s ljj/0fx? NFRS adf]lhd tof/ kfl/psf 5}gg\, h'g g]kfn rf68{ Psfp06]06 ;+:yf 4f/f )&# b]lv nfu' ul/psf] 5. $= ljj/0f PsLs[t ug]{ cfwf/ M of] ;d"xsf] PsLs[t ljqlo ljj/0fdf a}+ssf] / a}ssf] ;xfos sdkglx? PgcfOlaPn Soflk6n ln= tyf P; Soflk6n ln=sf ljqlo ljj/0fx? PsLs[t u/lpsf 5g\. ;xfos sdkgl To:tf] xf] h;nfo{ csf]{ ;+:yfn] (known as the parent) lgogq0f ub{5. lgogq0f Tolta]nf ljbdfg x'g5, ha s'g} klg lgsfon] k ToIf jf ck ToIf?kdf cfly{s tyf ;+rfng gllt nfu' ug{ ;Sg] clwsf/ ljbdfg /x]sf] cj:yfb]lv To:tf] clwsf/ ;dfkt gep;dd /xg #! cf} + jflif{s k ltj]bg

129 PsLs[t ljqlo ljj/0f cgt/fli6«o n]vfdfgsf] æpsls[t tyf 5' } ljqlo ljj/0fæ cg'?k tof/ kfl/psf] 5. PsLs[t ljqlo ljj/0f tof/ kfg]{ qmddf ljqlo ljj/0fdf pnn]v ul/psf k To]s zlif{s cgtu{tsf ;dfg k s[ltsf ;DklQ, bflotj, h]yf, cfdbfgl tyf vr{x? hf]8l ;+of]hg ul/psf] 5. %= Plss/0fdf sf/f]af/ x6fopsf] cgt/sdkgl sf/f]af/af6 l;lh{t df}hbft, cfdbfgl tyf vr{ / cjf:tljs gfkmf gf]s;fg x6fopsf] 5. ^= ljut jif{sf tyofíx?m t'ngf ug{ ;lhnf]sf] nflu cfjzostf cg';f/ ljut jif{sf tyofíx?nfo{ jlu{s/0f jf k'gj{lu{s/0f ul/psf] 5. l6kk0flx? M!= ;xfos sdkglx?df nufgl a}+sn] dr]{g6 a}+lsë Joj;fo ug{sf nflu?= %) s/f]8sf] clws[t k"fhl /?=!$ s/f]8 %) nfvsf] hf/l k"fhl /xg] u/l PgcfO{aLPn Soflk6n dfs]{6\; lnld6]8 gfds Ps ;xfos sdkgl :yfkgf u/]sf] 5. hf/l k"fhl dwo] &) k ltzt?=!) s/f]8!% nfv_ df a}+ssf] nufgl /x]sf] 5 eg] affsl #) k ltzt ;j{;fwf/0fsf nflu 5' ofopsf] 5. pqm ;xfos sdkglsf] sfo{if]q dr]{g6 a}+lsë, lgif]k ;xeflutf l8kf]lh6/l kfl6{l;k]g6_, Do"Ro"cn km08, k foe]6 OlSj6L tyf k/fdz{ ;]jf cflb /x]sf] 5. ;xfos sdkgln] &$ df?=!)=)* s/f]8 v"b d'gfkmf u/]sf] 5. cl3nnf] cf=j= df v"b gfkmf?= %=@$ s/]f8 /x]sf] lyof]. sdkgln] o; jif{ r'qmf k"fhlsf] (& k ltzt af]g; z]o/ k ltzt gub nfef+z 3f]if0ff u/]sf] 5. P; 8]enkd]06 a}+sn] &,)),))) lsqf z]o/ k ltz]o/?=!)) sf b/n] P; Soflk6n ln= df dr]{06 a}+lsë sfo{ ug{ nufgl u/]sf] lyof]. P; Sofkl6n ln= P; 8]enkd]06 a}+ssf]!))ü ;xfos sdkgl lyof]. P; 8]enkd]06 a}+snfo{ g]kfn OGe]06d]06 a}+sn] k fktl u/]kl5 pqm sdkgl a}+ssf]!))ü ;xfos sdkgl epsf] 5. )&$ df P; Soflk6n ln= n]?= #=&@ s/f]8 v'b d'gfkmf cfh{g u/]sf] 5. cl3nnf] jif{df v"b gfkmf )=(! s/f]8 lyof]. P; Soflk6n ln= n] ;+lrt d'gfkmfaf6 o; jif{ r'qmf k"fhlsf] %@ k ltzt gub nfef+z 3f]if0ff u/]sf] d'vo sdkgl / ;xfos sdkglsf] v"b gfkmf o; k sf/ /x]sf] 5 M #_ g]kfn OGe]i6d]06 a}+s ln=?= #,!!,$!,#!,!$) PgcfOlaPn Soflk6n dfs]{6;\ ln=?=!),)*,&#,&$& P; Soflk6n ln=?= #,&@,&&,$&^ ;d"xsf] v"b gfkmf?= #,@%,@@,*@,#^# d'vo sdkgl / ;xfos sdkglsf] :yug s/ bflotj ;DklQ_ o; k sf/ /x]sf] 5 M :yug s/ g]kfn OGe]i6d]06 a}+s lnld6]8?= &),!$,(^! PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8?= (@,(%) P; Soflk6n ln=?= $$,@&%_ ;d"xsf] s'n :yug s/ cfdbfgl?= &),^#,^#^ #! cf} + jflif{s k ltj]bg 127

130 $_ ;DalGwt ;+:yfalr epsf] sf/f]af/ Related Party Disclosure_ s_ PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8sf] cfly{s &$ sf] cgtodf g]kfn OGe]i6d]06 a}+ssf] ljlegg vftfx?df?!=## s/f]8?k}off lgif]k /x]sf] 5. o; jif{ a}+sn] pqm s/f]8 Aofh k bfg u/]sf] 5. To;} u/l P; Soflk6n ln= sf] cfly{s &$ sf] cgtodf g]kfn OGe]i6d]06 a}+ssf]ljlegg vftfx?df?=!&=*$ s/f]8?k}off lgif]k /x]sf] 5. o; jif{ a}+sn] pqm vftfx?df?= %&=%! xhf/ Aofh k bfg u/]sf] 5. v_ a}+sn] cfkm\gf] Ps hgf sd{rf/l PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8df k d'v sfo{sf/l clws[tsf]?kdf lgo'qm u/]sf] 5. &$ df sdkgln] lghnfo{?=!@=^ nfv eqf :j?k k bfg u/]sf] 5. u_ a}+sn] Joj:yfkg ;]jf tyf cgo cfwf/e"t ;]jf pknaw u/fpgsf] nflu ;xfos sdkgl;+u Service Level Agreement (SLA) u/]sf] 5. a}+sn] SLA jfkt ;xfos sdkglaf6 jflif{s?= ^ nfv k fkt ub{5. 3_ a}+sn] ;xfos sdkgl PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8nfo{ cfkm\gf] z]o/ /lhi6«f/ lgo'qm u/]sf] 5. pqm sfo{sf] nflu a}sn] PgcfOlaPn Soflk6n dfs]{6;\ lnld6]8 nfo{ jflif{s?= % nfv k bfg ub{5. a}+sn] z]o/ /lhi6«f/ sfo{df ;xof]u k' ofpgsf] nflu cfkm\gf sd{rf/l ;xfos sdkgldf v6fpsf] 5. pqm sd{rf/lsf] jflif{s vr{ ;xfos sdkglåf/f a}+snfo{ ;f]wegf{ ug]{ ul/psf] 5. ª_ a}+sn] PgcfO{aLPn Do'r'cn km08 cgtu{tsf] PgcfO{aLPn ;d[l4 km08df lah k"fhlsf]?kdf?=!$ s/f]8 nufgl u/]sf] 5. To;} ul/ PgcfO{aLPn k ult km08df?=!)=@% s/f]8 lah k"fhlsf]?kdf nufgl u/]sf] 5. r_ o; jif{ a}+sn]?=!=(# s/]f8 PgcfO{aLPn Soflk6n dfs]{6\; ln=sf] )&# sf] gfkmfaf6 nfef+z :j?k k fkt u/]sf] 5. 5_ a}+sn] ;xfos sdkgln] Joj:yfkg u/]sf] z]o/ tyf D.P. vftfsf] nflu a}+s/sf]?kdf sfo{ u/] afkt?= $%=$ nfv ;]jf z'ns k fkt u/]sf] 5. h_ a}+s / ;xfos sdkgl alrsf] ;Dk"0f{ sf/f]af/ c;da4 kifalrsf] sf/f]af/ (Arms Length Basis) sf]?kdf ug]{ ul/psf] #! cf} + jflif{s k ltj]bg

131 ;xfos sdkgl ;DaGwL ljj/0fx? #! cf} + jflif{s k ltj]bg 129

132 NIBL CAPITAL MARKETS LIMITED STATEMENT OF FINANCIAL POSITION For the Financial Year 2073/74 As at Ashad 31, 2074 Equity and Liabilities Schedule Current Year Rs. Previous Year Rs. Capital and Reserves Share Capital 1 101,500, ,500,000 Reserve & Fund 2 149,650,444 69,076,697 Total Equity 251,150, ,576,697 Current Liabilities Other Liabilities 3 1,472,132,130 4,260,613,938 Income Tax Liabilities 4 Sundry Creditors 5 3,745,039 6,449,066 Total Current Liabilities 1,475,877,170 4,267,063,004 NonCurrent Liabilities Provision for Gratuity 617, ,086 Deferred Tax Liabilities 386, ,270 Total NonCurrent Liabilities 1,003, ,356 Total Liabilities 1,476,880,587 4,267,900,350 Total Equity & Liabilities 1,728,031,032 4,438,477,057 Assets Schedule Current Year Rs. Previous Year Rs. NonCurrent Assets Investment 8 93,164,563 62,125,917 Property Plant and Equipment 9 29,563,770 23,290,638 Total NonCurrent Assets 122,728,333 85,416,555 Current Assets Cash Balance ,500 Bank Balance 7 1,547,856,148 4,281,823,121 Other Assets 10 27,251,666 16,110,953 Business Receivables 11 29,976,990 54,801,412 Closing Stock , ,516 Total Current Assets 1,605,302,698 4,353,060,502 Total Assets 1,728,031,032 4,438,477,057 Contingent Liabilities Schedule 29 Principal Accounting Policies Schedule 30 Notes to Accounts Schedule 31 Schedules 1 to 12 and 29, 30 and 31 form integral parts of the Statement of Financial Position. Shivanth B. Pandé Chief Executive Officer Mekh Bdr. Thapa General Manager Sachin Tibrewal Director Rabindra Bhattarai Director Bandana Thapa Director Ram Krishna Khatiwada Director Sachindra Dhungana Head Business Support Anup Shakya Head Accounts Business Support Auditor Bijaya Raj Ghimire CA For, G & G Associates Chartered Accountants Date : Shrawan 31, 2074 Place : Kathmandu 130 #! cf} + jflif{s k ltj]bg

133 NIBL CAPITAL MARKETS LIMITED STATEMENT OF PROFIT OR LOSS For the Period From Shrawan 1, 2073 to Ashad 31, 2074 Particulars Schedule Current Year Previous Year Income Operating Income Issue and Sales Management 13 8,771,802 1,694,499 Underwriting 14 1,644,550 1,335,950 Share Registrar 15 4,084,426 1,958,123 Portfolio Management 16 4,664,099 1,633,055 Fund Management Fee 17 30,631,984 21,724,626 MF Depository 18 9,027,584 6,207,035 DP Income 19 13,755,417 6,760,375 Collection Commission Income 10,278,210 24,026,916 Refund Commission Income 19,323,863 14,659,815 Other Income 20 19,199,108 11,435,613 Gross Operating Income 121,381,043 91,436,007 Less: Operating and Administration Expenses Sebon Fee ,107 2,090,100 CDS Fee 25 1,927, ,382 DP Commission Expenses 1,425,028 1,108,350 Collection Commisson Expenses 2,032,157 5,655,888 Refund Commisson Expenses 3,023,915 7,180,813 Staff Expenses 26 32,831,659 20,130,702 Administration and Operating Expenses 27 35,362,317 20,680,702 Operating and Administration Expenses 80,267,833 57,785,938 Operating Profit 41,113,210 33,650,069 Add : Non operating Income Interest Income 99,903,001 39,279,169 Income from Investment 1,971, ,760 Income from InvestmentFD 5,548,610 3,882,927 Pre Operating Expenses Provision on investment written back 18,385 Profit Before Bonus and Tax 148,536,208 76,999,310 Employees' Bonus 13,503,292 6,999,937 Profit Before Tax 135,032,917 69,999,373 Provision for Corporate Tax 34,342,393 17,365,687 Previous Year (Income) Expenses (90,272) Deferred Tax Income( Expenses) 92,950 (233,789) Net Profit after Tax 100,873,747 52,399,897 Scheduels 13 to 28 form integral parts of the Profit & Loss Account. Shivanth B. Pandé Chief Executive Officer Mekh Bdr. Thapa General Manager Sachin Tibrewal Director Rabindra Bhattarai Director Bandana Thapa Director Ram Krishna Khatiwada Director Sachindra Dhungana Head Business Support Anup Shakya Head Accounts Business Support Auditor Bijaya Raj Ghimire CA For, G & G Associates Chartered Accountants Date : Shrawan 31, 2074 Place : Kathmandu #! cf} + jflif{s k ltj]bg 131

134 NIBL CAPITAL MARKETS LIMITED CASH FLOW STATEMENT For the Period From Shrawan 1, 2073 to Ashad 31, 2074 Particulars Current Year Previous Year A. Cash Flows From Operating Activities: Cash Inflows 242,533, ,961,461 Interest Income 101,912,669 39,279,169 Issue and Sales Management 9,774,864 9,968,759 Underwriting Fee 2,201, ,388 Share Registrar 37,99,901 3,758,505 Portfolio Management 4,672,217 1,633,055 Fund Management Fee 24,487,890 17,035,406 MF Depository 7,004,982 4,867,258 DP Income 13,755,417 6,793,825 Collection and Refund Commission 48,170,762 14,494,863 Income from InvestmentFD 4,835,754 3,602,988 Income from Investment 1,971, ,760 Other Income 19,946,985 1,644,486 Cash Outflows 115,008,787 81,198,399 Sebon Fee 2,533,701 1,781,259 CDS Fee 1,441, ,469 DP Commission Expense 1,665, ,770 Staff Expenses 38,989,500 21,126,973 Office and other Overhead Expenses 33,742,559 30,054,618 Income Tax Paid 36,636,254 27,000,310 Cash Flow Before Changes in Working Capital 127,525,154 22,763,062 (Increase)/Decrease in Current Assets (38,979,572) 3,600,912 (Increase)/Decrease in Short Term Investments (31,038,646) 9,947,245 (Increase)/Decrease in other Assets (7,940,926) (6,346,333) Increase/(Decrease) in Liabilities (2,789,512,507) (105,870,986) Increase/(Decrease) in other Liabilities (2,786,808,481) (107,830,663) Increase/(Decrease) in Sundry Creditors (2,704,027) 1,959,677 Net Cash Flows from Operating Activities (2,700,966,925) (79,507,011) B.Cash Flows from Investing Activities: (33,004,374) (14,048,837) 1.(Increase)/Decrease in Preoperating Expenses 2.(Increase)/Decrease in Fixed Assets (12,704,374) (18,208,289) 3. Proceeds from disposal of Assets 4,159, Purchase of Shares (20,300,000) 5. Income from investment C.Cash Flows from Financing Activities: Increase/(Decrease) in Share Capital Increase/(Decrease) in Long Term Loan Dividend Paid (20,300,000) Current Year's Cash Flow From All Activities (2,733,971,299) (93,555,849) Opening Balance of Cash and Bank Balance (4,281,827,621) 4,375,383,470 Closing Balance of Cash and Bank Balance 1,547,856,323 4,281,827, #! cf} + jflif{s k ltj]bg

135 NIBL CAPITAL MARKETS LIMITED Changes In Equity For the period from Sharawan 1, 2073 to Ashad 31, 2074 Particulars Share Capital Share Premium Accumulated Profit /(loss) Investment Adjustment Reserve General Reserve Deferred Tax Opening Balance (as at Shrawan 1, 2072) 101,500,000 69,076, ,576,697 Capital issued during the period Net Profit for the period 100,873, ,873,747 Dividend (20,300,000) (20,300,000) General Reserve Balance at Ashad 31, ,500, ,650,444 25,1150,444 Total Shivanth B. Pandé Chief Executive Officer Mekh Bdr. Thapa General Manager Sachin Tibrewal Director Rabindra Bhattarai Director Bandana Thapa Director Ram Krishna Khatiwada Director Sachindra Dhungana Head Business Support Anup Shakya Head Accounts Business Support Auditor Bijaya Raj Ghimire CA For, G & G Associates Chartered Accountants Date : Shrawan 31, 2074 Place : Kathmandu #! cf} + jflif{s k ltj]bg 133

136 Equity Current Year (NRs.) Previous Year (NRs.) Total Equity 107,661,154 70,399,418 Current Liabilities Equity and Liabilities Ace Capital Limited Balance Sheet As at 31 Ashadh, 2074 (July 15, 2017) Total Liabilities 458,380,782 3,043,125,508 Total Equity and Liabilities 566,041,936 3,113,524,926 Sch. Noncurrent Assets Current Year (NRs.) Previous Year (NRs.) Total Non Current Assets 9,849,289 10,186,021 Current Assets Assets Total Current Assets 556,192,647 3,103,338,905 Total Assets 566,041,936 3,113,524,926 Sch. Significant Accounting Policies & Notes to Accounts The Schedules referred to above form an integral part of this Balance Sheet Date: Place: Kathmandu CA. Ranjeev Shrestha 134 #! cf} + jflif{s k ltj]bg

137 Ace Capital Limited Profit & Loss Account For the Period Ended Shrawan 1, 2073 to Ashadh 31, 2074 (July 16, 2016 to July 15, 2017) Current Year (NRs.) Previous Year (NRs.) Revenue 84,779,196 22,336,663 Operating Expenses Total Operating Expenses 35,504,374 15,933,674 Profit/(Loss) from operations 49,274,823 6,402,989 NonOperating Income/Expenses Profit(Loss) before tax 49,737,195 12,392,187 Income Tax Expense (12,459,719) (3,225,185) Particulars Sch. Profit(Loss) after Tax 37,277,476 9,167,002 Profit & Loss Appropriation Account For the Period Ended Shrawan 1, 2073 to Ashadh 31, 2074 (July 16, 2016 to July 15, 2017) Particulars Sch. Current Year (NRs.) Previous Year (NRs.) Profit Available for Distribution 37,661,153 9,674,418 Balance Profit Transferred to Balance Sheet 37,661, ,418 Significant Accounting Policies & Notes to Accounts 9 The Schedules referred to above form an integral part of this Profit & Loss Account CA. Ranjeev Shrestha #! cf} + jflif{s k ltj]bg 135

138 Current Year (NRs.) Previous Year (NRs.) Operating activities Adjustment for NonCash Expenses: 50,223,680 10,511,069 Cash flows from operating activities before income tax (2,589,263,451) 2,853,302,062 Cash flows from operating activities (2,592,366,376) 2,853,302,062 Investing activities Cash flows from investing activities (49,548,193) (4,056,886) Financing activities Ace Capital Limited Statement of Cash Flows For the Period Ended Shrawan 1, 2073 to Ashadh 31, 2074 (July 16, 2016 to July 15, 2017) Particulars Cash flows from financing activities Cash and cash equivalents at the end of the year 432,206,532 3,036,146,101 CA. Ranjeev Shrestha 136 #! cf} + jflif{s k ltj]bg

139 Ace Capital Limited Statement of Changes in Equity As at 31 Ashadh, 2074 (July 15, 2017) Particulars Share Share Premium Capital Translation Reserve General Reserve Other Reserves Retained Total Earnings Balance at 1st Shrawan ,000, ,416 70,507,416 Balance at 1st Shrawan ,000, ,418 70,399,418 37,277,476 (15,740) Balance at 31st Ashadh ,000,000 37,661, ,661,154 CA. Ranjeev Shrestha #! cf} + jflif{s k ltj]bg 137

140 138 #! cf} + jflif{s k ltj]bg

141 P; 8]enkd]06 a}+ssf] ljqlo ljj/0f #! cf} + jflif{s k ltj]bg 139

142 k"fhl tyf bflotj cg';"rl rfn' cf=j=?= ut cf=j=?=!= z]o/ k"fhl 4.1 1,203,576,500 hu]8f tyf sf]ifx? ,847, ,701,145 #= C0fkq tyf ag8 4.3 $= ltg{ affsl shf{ ;fk ,346,018,493 %= lgif]k bflotj 4.5 7,448,998,459 7,589,068,527 ^= e"qmfgl lbg"kg{] ljnx? ,933 38,811,508 &= k :tfljt gub nfef+z *= cfos/ bflotj (= cgo bflotj ,408, ,727,676 s"n k"fhl tyf bflotj 9,185,413,720 10,847,311,149 ;DklQ tyf hfoh]yf cg';"rl rfn' cf=j=?= ut cf=j=?=!= gub df}hbft ,741,235 g]kfn /fi6«a}+sdf /x]sf] df}hbft ,749, ,185,553 #= a}+s tyf ljtlo ;+:yfdf /x]sf] df}hbft ,883, ,276,767 $= dfu tyf cnk ;'rgfdf k fkt x'g] /sd ,901,078 2,959,251,999 %= nufgl ,358, ,236,135 ^= shf{ ;fk6 tyf ljn v/lb ,078,827,659 6,749,968,366 &= l:y/ ;DklQ ,537,424 99,169,154 *= u}/ a}lsë ;DklQ 4.15 (= cgo ;DklQ ,415, ,722,086 s"n ;Dklt 9,185,413,720 10,847,311,149 ;+efljt bflotj cg";'rl $=!& ;~rfnsx?sf] 3f]if0ff cg";'rl $=!( k'fhlsf]if tflnsf cg";'rl $=#) hf]lvd efl/t ;DklQ ljj/0f tflnsf cg";'rl $=#)s_ k d"v ;'rsfíx? cg";'rl $=#! k d"v n]vf glltx? cg";'rl $=#@ n]vf ;DaGwL l6kk0flx? cg";'rl $=## ;+:yfks ;+:yfks ;d"xsf z]o/wgln] lnpsf] shf{sf] ljj/0f cg";'rl $=#$ n]vf kl/if0f x"g" cl3 / kl5sf] t"ngftds ljj/0f cg';"rl $=#% $=! b]lv $=!& ;Ddsf cg";'rlx? Jff;nftsf clegg c+u x'g\. P; 8]enkd]06 a}+s lnld6]8 ;fn >fj0f! ut];dd of]u]gb zfso cwoif s]za af]xf]/f ;+rfns lagf]b/tg t'nfw/ ;+rfns ;'of]u >]i7 k d'v sfo{sf/l clws[t /fhlj /fhe08f/l ;+rfns O{zf ;"NKof nf]xgl k d'v n]vf tyf ;+rfng >j0f Hof]tL s+;fsf/ ;+rfns n]vfk/lifs l;=p= lbks lzjfsf]6l k f]kfo{6/ 8L=P; P08 P;f]l;P6\; rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 140 #! cf} + jflif{s k ltj]bg

143 P; 8]enkd]06 a}+s lnld6]8 gfkmfgf]s;fg ;fn >fj0f! ut];dd ljj/0f cg';"rl rfn' cf=j=?= ut cf=j=?=!= Jofh cfdbfgl ,776,457 Jofh vr{ ,692, ,592,424 v"b Aofh cfdbfgl 334,083, ,923,724 #= sldzg tyf l8:sfp ,390,771 7,872,915 $= cgo ;~rfng cfdbfgl ,470,712 32,353,070 %= ;6xL 36j9 cfdbfgl ,777,772 7,879,004 s"n ;~rfng cfdbfgl 372,723, ,028,714 ^= sd{rf/l vr{ ,860,068 81,668,096 &= cgo ;~rfng vr{ ,126,772 77,146,185 *= ;6xL 36j9 gf]s;fg 4.22 ;Defljt gf]s;fgl Joj:yf cl3sf] ;~rfng d"gfkmf 195,736, ,214,433 (= ;Defljt gf]s;fgl Joj:yfx? ,262,167 74,783,471 ;~rfng d"gfkmf 165,474, ,430,962!)= u}/ ;~rfng cfdbfgl gf]s;fg ,323,691 51,011,530!!= ;Defljt gf]s;fgl Joj:yfaf6 lkmtf{ ,405, ,628,672 lgoldt sf/f]jf/af6 epsf] d"gfkmf+ 254,203,291 c;fdfgo sf/f]jf/x?af6 epsf] vr{ 4.28 (16,376,411) (30,160,200) ;Dk'0f{ sf/f]jf/ ;dfj]z kl5sf] d"gfkmf 237,826, ,910,964!#= sd{rf/l af]g; Joj:yf 21,620,625 35,719,179!$= cfos/ Joj:yf 59,492, ,831,387 o; jif{sf] s/ Joj:yf 57,792, ,175,125 ut jif{;ddsf] s/ Joj:yf o; jif{sf] :yug s/ cfdbfgl vr{ 1,700, ,262 v"b gfkmf gf]s;fg 156,713, ,360,398 $=!* b]lv ;Ddsf cg";'rlx? gfkmf gf]s;fg lx;fasf clegg c+u x'g\. xfd f] cfhsf] ldltsf] ;+nug k ltj]bg cg";f/ of]u]gb zfso cwoif s]za af]xf]/f ;+rfns lagf]b/tg t'nfw/ ;+rfns ;'of]u >]i7 k d'v sfo{sf/l clws[t /fhlj /fhe08f/l ;+rfns O{zf ;"NKof nf]xgl k d'v n]vf tyf ;+rfng >j0f Hof]tL s+;fsf/ ;+rfns n]vfk/lifs l;=p= lbks lzjfsf]6l k f]kfo{6/ 8L=P; P08 P;f]l;P6\; rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ #! cf} + jflif{s k ltj]bg 141

144 P; 8]enkd]06 a}+s lnld6]8 gfkmfgf]s;fg aff8kmff8 ;fn >fj0f! ut];dd ljj/0f cg';"rl rfn' cf=j=?= ut cf=j=?= cdbfgl!= ut jif{;ddsf] ;+lrt o; jif{sf] d'gfkmf #= ;6xL 36a9 sf]if $= nufgl ;dfof]hg sf]if %= :yug s/ hu]8f 127, ,713, ,063 1,700,020 4,820, ,360,398 1,590, ,262 hddf 158,810, ,427,253 vr{!= ut jif{;ddsf] ;+lrt o; jif{sf] gf]s;fg #= ;fwf/0f hu]8f sf]if $= e}k/l cfpg] hu]8f %= ;+:yf ljsf; sf]if ^= nfef+z ;dls/0f sf]if &= sd{rf/l ;DaGwL tfnld sf]if tyf hu]8fx? *= k :tfljt nfef+z (= k :tfljt af]g; z]o/ hf/l!)= ljz]if hu]8f sf]if!!= ;6xL 36a9 sf]if!@= k"+hl lkmtf{ hu]8f sf]if!#= k"+hl ;dfof]hg sf]if!$= nufgl ;dfof]hg sf]if!%= :yug s/ hu]8f!^= ;fdflhs kl/of]hgf sf]if 31,342,769 1,567,138 50,272, ,581, ,671 5,159,736 63,720 hddf 32,909, ,299,608 ;l~rt d'gfkmf gf]s;fg_ 125,900, ,645 xfd f] cfhsf] ldltsf] ;+nug k ltj]bg cg";f/ of]u]gb zfso cwoif s]za af]xf]/f ;+rfns lagf]b/tg t'nfw/ ;+rfns ;'of]u >]i7 k d'v sfo{sf/l clws[t /fhlj /fhe08f/l ;+rfns O{zf ;"NKof nf]xgl k d'v n]vf tyf ;+rfng >j0f Hof]tL s+;fsf/ ;+rfns n]vfk/lifs l;=p= lbks lzjfsf]6l k f]kfo{6/ 8L=P; P08 P;f]l;P6\; rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 142 #! cf} + jflif{s k ltj]bg

145 P; 8]enkd]06 a}+s lnld6]8 gub k jfx ;fn >fj0f! ut];dd ljj/0f rfn' cf=j=?= ut cf=j=?= s_ sf/f]af/ ;+rfngaf6 gub k jfx 578,810,989 (138,513,037)!=) gub k fktl 819,996, ,806,767!=! Jofh cfdbfgl 781,356, ,701,778!=@ sdlzg tyf l8isfpg6 cfdbfgl 9,390,771 7,872,915!=# ljb]zl ljlgdo sf/f]jf/af6 cfdbfgl 1,777,772 7,879,004!=$ ckn]lvt shf{sf] c;"nl!=% cgo cfdbfgl 27,470,712 gub e"qmfgl 635,576,898 Jofh vr{ 337,464,948 sd{rf/l vr{ jf]g; ;d]t_ 143,039,889 sfof{no ;+rfng vr{ Xf; vr{ / ckn]vg vr{ jfx]s_ 71,635,169 cfos/ e"qmfgl 83,436,892 cgo vr{ sfo{ut k'+hl ultljlw cl3sf] gub k jfx 184,419, ,293,776 ;~rfng ;DalGw rfn' ;DklQdf sdl a[l4 2,294,363,594 (1,640,806,538)!= dfu tyf cnk ;'rgfdf k fkt x"g] /sddf sdl a[l4 2,619,350,921 cgo cnksfnlg nufgldf sdl a[l4 (45,022,186) 10,253,298 #= shf{ tyf ljn; v/lbdf sdl a[l4 (311,876,869) (929,657,852) $= cgo ;DklQdf sdl a[l4 31,911,728 (26,891,581) ;~rfng ;DalGw rfn" bflotjdf sdl a[l4 (1,899,971,962) 1,297,999,726!= lgif]k bflotjdf sdl_ a[l4 (140,070,068) ;l6{lkms]6 ckm l8kf]lh6df sdl_ a[l4 #= cnksfnlg ;fk6ldf sdl_ a[l4 (1,346,018,493) 26,018,493 $= cgo bflotjdf sdl_ a[l4 (413,883,401) 420,776,971 v_ nufgl sf/f]jf/df gub k jfx 7,907,787 1,087,480!= bl3{sfnlg nufgldf sdl :yl/ ;DklQdf sdl a[l4 (2,278,704) (6,021,122) #= bl3{sfnlg nufgldf Jofh cfdbfgl $= nfef+z cfdbfgl 10,186,491 7,108,602 %= cgo u_ ljqlo >f]t sf/f]jf/af6 gub k jfx (2,307,824) (277,328)!= bl#{sfnlg C0f j08, l8j]gr/ cflb_ df a[l4 z]o/ k'+hldf a[l4 sdl_ 592,700 #= cgo bflotjdf a[l4 sdl_ nfef+; e"qmfgl $= g]kfn /fi6«a}+saf6 k fkt ;x"lnot k"g/shf{df a[l4 sdl_ % nfef+; e"qmfgl (2,900,524) (277,328) 3_ gub tyf a}+s df}hbftsf] ljlgdo b/df epsf] km/saf6 cfdbfgl vr{ ª_ o; jif{sf] ;Dk'0f{ ultljlwaf6 gub k jfx 584,410,952 (137,702,883) r_ gub tyf a}+sdf /x]sf] z"? df}hbft 327,963, ,666,294 5_ gub tyf a}+sdf /x]sf] clgtd df}hbft 912,374, ,963,409 #! cf} + jflif{s k ltj]bg 143

146 k' hl hlut hu]*f 592, ,700 (31,342,769) 1,700,020 (1,700,020) 269,063 (269,063) (1,567,138) (1,567,138) of]u]gb zfso cwoif s]za af]xf]/f ;+rfns lagf]b/tg t'nfw/ ;+rfns ;'of]u >]i7 k d'v sfo{sf/l clws[t /fhlj /fhe08f/l ;+rfns O{zf ;"NKof nf]xgl k d'v n]vf tyf ;+rfng >j0f Hof]tL s+;fsf/ ;+rfns n]vfk/lifs l;=p= lbks lzjfsf]6l k f]kfo{6/ 8L=P; P08 P;f]l;P6\; rf6{8{ Psfp06]06;\ xfd f] cfhsf] ldltsf] ;+nug k ltj]bgcg';f/ 144 #! cf} + jflif{s k ltj]bg

147 Joj:yfkg ;d"x Hof]ltk sfz kf08] k d'v sfo{sf/l clws[t lah]gb ;'jfn gfoa dxfk agws k d'v ;~rfng /lag l;hfktl ;xfos dxfk agws If]qLo k agws, k'tnl;8s ljsf; yfkf ;xfos dxfk agws k d'v dfs]{l6 Ë blks s'df/ >]i7 k d'v Jofkf/ ljq j?0f >]i7 k d'v zfvf ;dgjo blks >]i7 k d'v sfg"g ;lrg l6a8]jfn k d'v n]vf tyf ljq ;'Hfftf hf]zl k d'v hf]lvd Joj:yfkg jgbgf yfkf k d'v cg'kfngf ;+hljh+u sfsl{ k d'v gub tyf /sdfgt/ t'nh+u kf08] k d'v zfvf lx;fa ldnfg lbktf >]i7 k d'v l/6]n a}+s l8gf nfdf sf=d'=k d'v dfgj ;+zfwg ;ldt ljgf]b e /fo{ k d'v C0f k zf;g cld/ e /fo{ k d'v cfgtl/s n]vfk/lif0f piff kf08] k d'v ;fdfgo ;]jf ljefu phhjn dfggw/ k d'v ;"rgf k ljlw l/gf rgb sf=d'= k d'v sf8{ zfvf ;[hgf kf08] sf=d'=k d'v skf{]/]6 a}+s k df]b zfx k d'v C0f ljefu blkf >]i7 k d'v z]o/ zfvf #! cf} + jflif{s k ltj]bg 145

148 zfvf k jgwsx? /fd/fh pkfwofo If]qLo k agws e}/xjf k'?iff]td rfln;] zfvf k agws l;kf8f]n /f]zgeqm >]i7 sf=d'= zfvf k agws lj/u+h k sfz ;'j]bl zfvf k agws k'nrf]s nf]sblk ef]lref]of sf=d'= zfvf k agws ag]kf ;fhg zfx zfvf k agws lhtk'/ lglstf df:s] zfvf k agws goff ;8s s}nfz/dg cfrfo{ zfvf k agws lj/f6gu/ cfnf]s ld>f zfvf k agws a'6jn lw/h yfkf zfvf k agws kf]v/f ;'/h/fd e08f/l zfvf k agws k'tnl;8s lje' >]i7 zfvf k agws gf/fo0fu9 s'gbg sf}lzs zfvf k agws hgsk'/ ;'lgn zfx zfvf k agws g]kfnu~h ;+lht kf]v ]n zfvf k agws 7d]n ef:s/g/l;+x hf]zl zfvf k agws sflndf6l ;'lgn l;6f}nf zfvf k agws latf{df]8 l6gf ah frfo{ zfvf k agws alq;k'tnl /fh]gb a= l;+x zfvf k agws wgu9l lk o+sf uf}td zfvf k agws uf]+ua' s[i0f/fh hf]zl zfvf k agws ;'v]{t Ps/fh dxt zfvf k agws h'dnf ;kgf yfkf zfvf k agws af}4 lg/h e zfvf k agws x]6f}f8f afa'/fd sf8]n zfvf k agws kfnkf u0f]z nfdf zfvf k agws n'snf ;'hg /GhLt zfvf k agws goff afg]zj/ s[i0f/fh kf08] sf=d'= zfvf k agws w'daf/fxl ;'lgns'df/ >]i7 zfvf k agws ef]6flx6l /f]zg cfrfo{ zfvf k agws t'n;lk'/ k df]b a:g]t zfvf k agws lqk'/]zj/ dx]z yfkf zfvf k agws bdf}nl /fs]z dfnl] zfvf k agws s[i0fgu/ ljhos'df/ zfx zfvf k agws ufo3f6 ;'/hh+u yfkf zfvf k agws nflhdkf6 gljg l;+v8f zfvf k agws k;f{ ch/ jh frfo{ zfvf k agws dxf/fhu+h lht]gb >]i7 zfvf k agws nfnagbl zf]ef >]i7 zfvf k agws nugv]n phhjn >]i7 zfvf k agws jflnë zfgtf >]i7 zfvf k agws kf]v/f n]s ;fo8 /d]z/fh ;'j]lb zfvf k agws dgynl kjg s'df/ ;fx zfvf k agws a/xyjf s[i0fuf]ljgb kf}8]n zfvf k agws O6x/L wd{rgb 9'u+fgf zfvf k agws kl6xfgl lji0f' /fgf zfvf k agws l6d'/] /xld l;+x zfvf k agws lbkfon dgf]hd0fl g]kfn zfvf k agws d+un;]g ;f]d k ;fb clwsf/l zfvf k agws gf/fo0frf}/ s[i0f/fd >]i7 zfvf k agws lslt{k'/ ;'lk of >]i7 hf]zl zfvf k agws hfjnfv]n /f]zg kf08] zfvf k agws rfalxn lzjhl kf08] zfvf k agws goff ho/fd >]i7 zfvf k agws sf}zn6f/ ;lght 9sfn zfvf k agws Crf l3ld/] zfvf k agws cf]d k sfz lwtfn zfvf k agws pnf{af/l c?0f kl08t zfvf k agws af]w/fh kgt sf=d'= zfvf k agws Ko'7fg c?0f s'df/ >]i7 zfvf k agws vffbaf/l 146 #! cf} + jflif{s k ltj]bg

149

150 gs;fn w'daf/fxl rfjlxn lbkfon d+un;]g lslt{k'/ Ko"7fg l6d"/] kl6xfgl hfjnfv]n sf}zn6f/ dgynl vffbaf/l 1. HEAD OFFICE Durbar Marg, P.O. Box 3412 Tel: , (DISA) Fax: , Swift: NIBLNPKT 2. SEEPADOLE BRANCH Suryabinayak, Bhaktapur Tel: , Fax: BIRGUNJ BRANCH Adarshanagar, P.O. Box 101 Tel , Fax: , PULCHOWK BRANCH Pulchowk, Lalitpur Tel: , Fax: BANEPA BRANCH Banepa, Kavre Tel: , Fax: JEETPUR BRANCH Jeetpur, Bara Tel: Fax: NEWROAD BRANCH Basantapur, Kathmandu Tel: , Fax: / BIRATNAGAR BRANCH Golchha Chowk, Biratnagar Tel: , , Fax: BUTWAL BRANCH Traffic Chowk, Butwal Tel: , Fax: BHAIRAHAWA BRANCH Maitri Path, Bhairahawa Tel: , Fax: POKHARA BRANCH Chiple Dunga,Pokhara Tel: , Fax: PUTALISADAK BRANCH Putalisadak, Kathmandu Tel: , Fax: NARAYANGARH BRANCH Pulchowk, Narayangarh Tel: , Fax: JANAKPUR BRANCH Mills Area, Janakpur Tel: Fax: NEPALGUNJ BRANCH Dhamboji, Nepalgunj Tel: , Fax: THAMEL BRANCH Chaksibari, Thamel Tel: , Fax: KALIMATI BRANCH Kalimati Chowk, Kalimati Tel: , Fax: BIRTAMOD BRANCH Mukti Chowk, Birtamod Tel: , Fax: BATTISPUTALI BRANCH Battisputali, Kathmandu Tel: , Fax: DHANGADI BRANCH Main Road, Dhangadi Tel: , Fax: GONGABU BRANCH Gongabu Chowk, Kathmandu Tel: , Fax: SURKHET BRANCH Neta Chowk, Surkhet Tel: , Fax: JUMLA BRANCH Khalang Bazaar, Jumla Tel: Fax: BOUDHA BRANCH Boudha, Kathmandu Tel: , Fax: HETAUDA BRANCH Bank Road, Hetauda Tel: , Fax: PALPA BRANCH Tansen,Palpa Tel: , Fax: LUKLA BRANCH Chaurikharka, Lukla Tel: Fax: NAYA BANESHWOR BRANCH Naya Baneshwor, Kathmandu Tel: , Fax: DHUMBARAHI BRANCH Pipalbot Chowk, Kathmandu Tel: , Fax: BHOTAHITI BRANCH Bhotahiti, Kathmandu Tel: , Fax: a/xyjf 31. TULSIPUR BRANCH Tulsipur, Dang Tel: , Fax: TRIPURESHWOR BRANCH Tripureshwor, Kathmandu Tel: , , Fax: DAMAULI BRANCH Safasadak, Damouli Tel: , Fax: KRISHNANAGAR BRANCH Krishnanagar, Kapilvastu Tel: , Fax: GAIGHAT BRANCH Gaighat, Udayapur Tel: , Fax: LAZIMPAT BRANCH Lazimpat, Kathmandu Tel: , Fax: PARSA BRANCH Parsa, Chitwan Tel: , Fax: MAHARAJGUNJ BRANCH Maharajgunj, Kathmandu Tel: , Fax: LALBANDI BRANCH Lalbandi, Sarlahi Tel: , Fax: LAGANKHEL BRANCH Lagankhel, Lalitpur Tel: , Fax: WALING BRANCH Waling, Syangja Tel: , Fax: LAKESIDE BRANCH (POKHARA) Lake Side, Pokhara Tel: , Fax: MANTHALI BRANCH Manthali, Ramechhap Tel: Fax: BARAHATHAWA BRANCH Barahathawa, Sarlahi Tel: , Fax: ITAHARI BRANCH Itahari, Sunsari Tel: , Fax: O6x/L pnf{af/l 46. PATIHANI BRANCH Patihani, Chitwan Tel: Fax: TIMURE BRANCH Timure, Rasuwa Tel: , Fax: DIPAYAL BRANCH Dipayal, Doti Tel: , Fax: MANGALSEN BRANCH Mangalsen, Achham Tel: Fax: NARAYANCHOUR BRANCH Naxal, Kathmandu Tel: Fax: BIRGUNJ BRANCH Link Road, Ward No. 10, Birgunj Tel: Fax: KIRTIPUR BRANCH Naya Bazar, Kirtipur Tel: , Fax: JAWALAKHEL BRANCH Lalitpur Branch, Jwalalakhel Tel: , Fax: PARSA BRANCH Khairahani 4, Parsa Bazar, Chitwan Tel: , Fax: URLABARI BRANCH Urlabari Bazar, Urlabari 4, Morang Tel: Fax: CHABAHIL BRANCH Chabahil, Chuchhepati Tel: Fax: NARAYANGHAT BRANCH Lions Chowk, Bharatpur, Chitwan Tel: /2 Fax: NEWROAD BRANCH Munchha House, Kathmandu Tel: , Fax: PYUTHAN BRANCH Bijuwar Bazaar, Pyuthan District Tel: Fax: KHANDBARI BRANCH Khandbari, Sankhuwasabha Tel: / 73 Fax: KAUSHALTAR BRANCH Kaushaltar, Bhaktapur District Tel: , Fax: #!cf}+ jflif{s k ltj]bg cf=j=@)&# &$ (2016/17)