00670
(1) 2012 9 24
2012 11 9
—
H
(2)
2012 9 24
2012 11 9 2 30
52 59
24
183 17 1712-1716
2012 10 20
................................................................ 1
.......................................................... 3
1. ...................................................... 3
2. ............................................ 4
3. ............................................ 10
4. .................................................. 11
5. .................................................. 11
6. .................................................. 11
H ...................................... 12
H ............................. 33
............................................... 53
–i–
2012 9
24
H
A
2012 11 9
H 1.00 H
H
H
–1–
H
H
2012 10 19
52 59
H
2012 10 20
–2–
00670
66
2550
95
31 B
183
17 1712-1716
(1) 2012 9 24
2012 11 9
—
H
(2)
1.
–3–
(1)
(2)
2.
2012 8 28
(1) (2)
H (1) H
(10%)
(2)
H
(1%)
–4–
(3) H
(1%)
H
24
H
H
H H
40%
(1)
(2)
(3)
60.54 H 2011
0.54% H 1.73% 139
7 14 118
–5–
(1)
(i)
H
1 100 1.65% 0.0089% 0.0286%
2 100 1.65% 0.0089% 0.0286%
3 86 1.42% 0.0076% 0.0246%
4 86 1.42% 0.0076% 0.0246%
5 86 1.42% 0.0076% 0.0246%
6 86 1.42% 0.0076% 0.0246%
7 86 1.42% 0.0076% 0.0246%
8 71 1.17% 0.0063% 0.0203%
9 71 1.17% 0.0063% 0.0203%
10 71 1.17% 0.0063% 0.0203%
11 71 1.17% 0.0063% 0.0203%
12 71 1.17% 0.0063% 0.0203%
13 57 0.94% 0.0051% 0.0163%
14 57 0.94% 0.0051% 0.0163%
15 57 0.94% 0.0051% 0.0163%
16 57 0.94% 0.0051% 0.0163%
17 57 0.94% 0.0051% 0.0163%
18 57 0.94% 0.0051% 0.0163%
19 57 0.94% 0.0051% 0.0163%
20 57 0.94% 0.0051% 0.0163%
21 57 0.94% 0.0051% 0.0163%
–6–
(ii)
H
H
13 57 741 12.24% 0.07% 0.21%
55 43 2,365 39.07% 0.21% 0.68%
50 29 1,450 23.95% 0.13% 0.41%
–7–
(2) H
H
(i) H H
(ii) H H
(iii) H
(3)
(a)
(i)
(ii)
(iii)
(b)
(i)
(ii)
(iii)
(iv)
–8–
(c) 2011
(i) 2011 10%
2011 50
(ii) 2011 9%
2011 50
(iii) 2011
85%
H H
H H
H
17
H
5%
–9–
3.
24
183 17 1712-1716
(i)
(ii)
(iii)
– 10 –
4.
5.
14
95
31 B
6.
53 55
2012 10 20
– 11 –
H
5
H
– 12 –
H
1.
H
2. H
3. 10
4.
2
1/3 1/3 1/3
2
3 4
5
5.
6.
40%
– 13 –
H
7.
10%
12 1%
1%
– 14 –
H
...................................................... 16
...................................................... 18
......................... 19
................................. 20
......................................... 21
.......................... 23
................................. 24
......................................... 25
......................................... 27
......................................... 27
......................................... 30
....................................... 31
– 15 –
H
H
H
1.00
H
H
– 16 –
H
H
H
– 17 –
H
H
1.
2.
3.
– 18 –
H
1.
2.
3.
4.
H
(1)
(2)
(10)
1.
2.
– 19 –
H
3.
4.
1.
2.
1.
2.
3.
– 20 –
H
1.
2.
3. (5%)
4.
5.
6.
7.
(1)
(10%)
– 21 –
H
(2)
(1%)
(3)
(1%)
(1)
(10%)
(2) 12
(1%)
(1)
(2)
– 22 –
H
H
(1) H
(2) H
(3) H
– 23 –
H
1.
(1)
(2)
(3)
2.
(1)
(2)
(3)
(4)
3.
– 24 –
H
(5)
24
36
(1) 24 1/3
(2) 36 1/3
(3) 1/3 48
2 3 4
– 25 –
H
(1)
(2)
(3)
(1) (2)
=
20%
– 26 –
H
40%
– 27 –
H
1.
Q=Q0*(1+n)
Q0 n
Q
2.
Q=Q0*n
Q0 n 1 n
Q
3.
Q=Q0* (1+n)
Q0 n
Q
– 28 –
H
1.
P=P0/(1+n)
P0 n
P
2.
P=P0/n
P0 n P
3.
P=P0–V
P0 V P
4.
P=(P0+P1*n) / (1+n)
P0 P1 n
P
– 29 –
H
(1)
(2)
(3)
(4)
(5)
(1)
(2)
(3)
(4)
(5)
– 30 –
H
(6)
(7)
(8)
(9)
(10)
(1)
(2)
(1)
(2)
– 31 –
H
(3)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
– 32 –
H
5
H
– 33 –
H
...................................................... 35
...................................................... 37
..................................... 38
................................... 39
......................................... 42
......................................... 44
......................................... 46
......................................... 48
......................................... 48
......................................... 50
....................................... 51
– 34 –
H
H
H
1.00
H
H
– 35 –
H
H
H
– 36 –
H
H
1.
2.
3.
– 37 –
H
1.
2.
3.
4.
139
1. 7
2.
14
3.
118
– 38 –
H
1.
2.
3. (5%)
4.
5.
6.
7.
H 6054 2011 0.54%
2011 H 1.73%
– 39 –
H
24.74% 1498
H
1 100 1.65% 0.0089% 0.0286%
2 100 1.65% 0.0089% 0.0286%
3 86 1.42% 0.0076% 0.0246%
4 86 1.42% 0.0076% 0.0246%
5 86 1.42% 0.0076% 0.0246%
6 86 1.42% 0.0076% 0.0246%
7 86 1.42% 0.0076% 0.0246%
8 71 1.17% 0.0063% 0.0203%
9 71 1.17% 0.0063% 0.0203%
10 71 1.17% 0.0063% 0.0203%
11 71 1.17% 0.0063% 0.0203%
12 71 1.17% 0.0063% 0.0203%
13 57 0.94% 0.0051% 0.0163%
14 57 0.94% 0.0051% 0.0163%
15 57 0.94% 0.0051% 0.0163%
16 57 0.94% 0.0051% 0.0163%
17 57 0.94% 0.0051% 0.0163%
18 57 0.94% 0.0051% 0.0163%
19 57 0.94% 0.0051% 0.0163%
20 57 0.94% 0.0051% 0.0163%
21 57 0.94% 0.0051% 0.0163%
– 40 –
H
75.26% 4556
H
13 57 741 12.24% 0.07% 0.21%
55 43 2365 39.07% 0.21% 0.68%
50 29 1450 23.95% 0.13% 0.41%
– 41 –
H
H
(1) H
(2) H
(3) H
1.
(1)
(2)
(3)
2.
(1)
(2)
(3)
(4)
– 42 –
H
3. 2011
(1) 2011 ROE
10% 2011 50
(2) 2011 9%
2011 50
(3) 2011
85%
(1)
(2)
30
– 43 –
H
1.
H (5)
2.
24
3.
36
(1) 24 1/3
(2) 36 1/3
(3) 1/3 48
1.
– 44 –
H
75
10% 10.5% 11%
9% 9.5% 10%
85% 86% 87%
2.
(1)
(2)
(3)
(4)
(5)
– 45 –
H
3.
(1)
(2)
(3)
(4)
A. 100%
B. 95%
C 80%
D 0%
– 46 –
H
(1)
(2)
(3)
(1) (2)
=
20%
40%
– 47 –
H
1.
Q=Q0*(1+n)
Q0 n
Q
2.
Q=Q0*n
Q0 n 1 n
Q
– 48 –
H
3.
Q=Q0*(1+n)
Q0 n
Q
1.
P=P0/(1+n)
P0 n
P
2.
P=P0/n
P0 n P
3.
P=P0–V
P0 V P
4.
P= (P0+P1*n) / (1+n)
P0 P1 n
P
– 49 –
H
(1)
(2)
(3)
(4)
(5)
(1)
(2)
(3)
(4)
– 50 –
H
(5)
(6)
(7)
(8)
(9)
(10)
(1)
(2)
(1)
– 51 –
H
(2)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
– 52 –
00670
2012 9 24
2012 10 11
(i)
6 7
13
(ii) 6 7 8 9 10
8 9 10 11 12
6. H
7. H
13. H
2012 8 28 2012
10 19
– 53 –
24
183 17 1712-1716
(i)
(ii)
(iii)
– 54 –
2012 10 20
– 55 –