(cid:22) (cid:20) (cid:20) (cid:29) (cid:3) (cid:37) (cid:50) (cid:50) (cid:57) (cid:37) (cid:48) (cid:3) (cid:54) (cid:41) (cid:52) (cid:51) (cid:54) (cid:56)
(cid:37)(cid:3)(cid:55)(cid:45) (cid:49) (cid:52)(cid:48)(cid:45)(cid:42)(cid:45)(cid:41)(cid:40)(cid:3)(cid:55)(cid:56)(cid:54)(cid:37)(cid:56)(cid:41)(cid:43)(cid:61)(cid:3)(cid:10)(cid:3)(cid:39)(cid:48)(cid:41)(cid:37)(cid:54)(cid:3)(cid:54)(cid:51)(cid:37)(cid:40)(cid:3)(cid:49)(cid:37)(cid:52)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:136)(cid:3)(cid:54)(cid:73)(cid:88)(cid:89)(cid:86)(cid:82)(cid:3)(cid:88)(cid:83)(cid:3)(cid:51)(cid:89)(cid:86)(cid:3)(cid:55)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:39)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:54)(cid:83)(cid:83)(cid:88)(cid:87)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:136)(cid:3)(cid:37)(cid:71)(cid:76)(cid:77)(cid:73)(cid:90)(cid:73)(cid:3)(cid:51)(cid:84)(cid:88)(cid:77)(cid:81)(cid:69)(cid:80)(cid:3)(cid:39)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:55)(cid:88)(cid:86)(cid:89)(cid:71)(cid:88)(cid:89)(cid:86)(cid:73)
(cid:3)
(cid:3)
(cid:3)
(cid:3)
(cid:136)(cid:3)(cid:39)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:77)(cid:94)(cid:73)(cid:3)(cid:83)(cid:82)(cid:3)(cid:54)(cid:73)(cid:69)(cid:80)(cid:3)(cid:41)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:51)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)
(cid:3)
(cid:3)
(cid:3)
(cid:136)(cid:3)(cid:40)(cid:77)(cid:87)(cid:84)(cid:83)(cid:87)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:54)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:50)(cid:83)(cid:82)(cid:17)(cid:54)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:37)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)
(cid:3)(cid:56)(cid:76)(cid:73)(cid:3)(cid:41)(cid:82)(cid:72)(cid:3)(cid:43)(cid:69)(cid:81)(cid:73)(cid:18)(cid:18)(cid:18)(cid:3)(cid:37)(cid:3)(cid:55)(cid:77)(cid:81)(cid:84)(cid:80)(cid:73)(cid:86)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:49)(cid:83)(cid:86)(cid:73)(cid:3)(cid:58)(cid:77)(cid:87)(cid:77)(cid:70)(cid:80)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)
(cid:3)
(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:3)(cid:39)(cid:83)(cid:81)(cid:81)(cid:77)(cid:88)(cid:88)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:55)(cid:88)(cid:69)(cid:70)(cid:77)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:10)(cid:3)(cid:43)(cid:86)(cid:83)(cid:91)(cid:88)(cid:76)
(cid:21)
(cid:48)(cid:73)(cid:88)(cid:88)(cid:73)(cid:86)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3)
(cid:22)
(cid:48)(cid:73)(cid:88)(cid:88)(cid:73)(cid:86)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3)
(cid:24)
(cid:3) (cid:56)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:40)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:17)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:3)(cid:45)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3)
(cid:26)
(cid:3) (cid:56)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:40)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:17)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:3)(cid:45)(cid:45)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3)
(cid:3) (cid:56)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:40)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:17)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:3)(cid:45)(cid:45)(cid:45)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3)
(cid:29)
(cid:3) (cid:56)(cid:76)(cid:73)(cid:3)(cid:54)(cid:83)(cid:69)(cid:72)(cid:3)(cid:38)(cid:69)(cid:71)(cid:79)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3) (cid:21)(cid:20)
(cid:3) (cid:56)(cid:76)(cid:73)(cid:3)(cid:54)(cid:83)(cid:69)(cid:72)(cid:3)(cid:37)(cid:76)(cid:73)(cid:69)(cid:72)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3) (cid:21)(cid:22)
(cid:42)(cid:77)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)(cid:42)(cid:83)(cid:86)(cid:81)(cid:3)(cid:21)(cid:20)(cid:47)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3) (cid:21)(cid:23)
(cid:55)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:3)(cid:45)(cid:82)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3) (cid:21)(cid:26)(cid:24)
(cid:39)(cid:83)(cid:86)(cid:84)(cid:83)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:93)(cid:16)(cid:3)(cid:38)(cid:83)(cid:69)(cid:86)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:87)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:18)(cid:3) (cid:45)(cid:38)(cid:39)
(cid:177)(cid:59)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:69)(cid:82)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:93)(cid:71)(cid:80)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:77)(cid:82)(cid:75)(cid:16)
(cid:71)(cid:83)(cid:82)(cid:87)(cid:84)(cid:77)(cid:71)(cid:89)(cid:83)(cid:89)(cid:87)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:84)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:87)(cid:3)(cid:83)(cid:89)(cid:88)(cid:18)(cid:18)(cid:18)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:77)(cid:71)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:18)(cid:178)
(cid:40)(cid:73)(cid:69)(cid:86)(cid:3)(cid:42)(cid:86)(cid:77)(cid:73)(cid:82)(cid:72)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:37)(cid:87)(cid:87)(cid:83)(cid:71)(cid:77)(cid:69)(cid:88)(cid:73)(cid:87)(cid:30)
(cid:59)(cid:76)(cid:69)(cid:88)(cid:3)(cid:69)(cid:3)(cid:86)(cid:83)(cid:80)(cid:80)(cid:73)(cid:86)(cid:3)(cid:71)(cid:83)(cid:69)(cid:87)(cid:88)(cid:73)(cid:86)(cid:3)(cid:86)(cid:77)(cid:72)(cid:73)(cid:3)(cid:91)(cid:73)(cid:180)(cid:90)(cid:73)(cid:3)(cid:70)(cid:73)(cid:73)(cid:82)(cid:3)(cid:83)(cid:82)(cid:5)(cid:3)(cid:3)(cid:56)(cid:76)(cid:73)(cid:3)(cid:84)(cid:69)(cid:87)(cid:88)(cid:3)(cid:73)(cid:77)(cid:75)(cid:76)(cid:88)(cid:73)(cid:73)(cid:82)(cid:3)
(cid:55)(cid:89)(cid:86)(cid:84)(cid:86)(cid:77)(cid:87)(cid:77)(cid:82)(cid:75)(cid:80)(cid:93)(cid:16)(cid:3)(cid:77)(cid:82)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:89)(cid:71)(cid:76)(cid:3)(cid:69)(cid:82)(cid:88)(cid:77)(cid:71)(cid:77)(cid:84)(cid:69)(cid:88)(cid:73)(cid:72)(cid:3)(cid:189)(cid:86)(cid:73)(cid:17)(cid:87)(cid:69)(cid:80)(cid:73)(cid:3)
(cid:81)(cid:83)(cid:82)(cid:88)(cid:76)(cid:87)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:87)(cid:89)(cid:86)(cid:84)(cid:86)(cid:77)(cid:87)(cid:73)(cid:72)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:83)(cid:74)(cid:3)(cid:89)(cid:87)(cid:3)(cid:70)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:84)(cid:73)(cid:73)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:72)(cid:77)(cid:87)(cid:17)
(cid:83)(cid:74)(cid:3)(cid:72)(cid:77)(cid:87)(cid:88)(cid:86)(cid:73)(cid:87)(cid:87)(cid:73)(cid:72)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:3)(cid:72)(cid:77)(cid:72)(cid:82)(cid:180)(cid:88)(cid:3)(cid:76)(cid:69)(cid:84)(cid:84)(cid:73)(cid:82)(cid:3)(cid:175)(cid:3)(cid:77)(cid:82)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:16)(cid:3)(cid:84)(cid:73)(cid:86)(cid:76)(cid:69)(cid:84)(cid:87)(cid:16)(cid:3)(cid:70)(cid:73)(cid:71)(cid:69)(cid:89)(cid:87)(cid:73)(cid:3)
(cid:77)(cid:82)(cid:88)(cid:73)(cid:75)(cid:86)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:71)(cid:83)(cid:82)(cid:83)(cid:81)(cid:77)(cid:71)(cid:3)(cid:73)(cid:82)(cid:90)(cid:77)(cid:86)(cid:83)(cid:82)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:88)(cid:83)(cid:91)(cid:69)(cid:86)(cid:72)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:80)(cid:69)(cid:88)(cid:88)(cid:73)(cid:86)(cid:3)
(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:77)(cid:87)(cid:3)(cid:69)(cid:75)(cid:69)(cid:77)(cid:82)(cid:3)(cid:70)(cid:73)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:89)(cid:73)(cid:72)(cid:3)(cid:89)(cid:84)(cid:3)(cid:88)(cid:83)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:3)(cid:77)(cid:82)(cid:3)(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:18)
(cid:84)(cid:69)(cid:86)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:86)(cid:75)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:70)(cid:73)(cid:75)(cid:77)(cid:82)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:3)(cid:80)(cid:69)(cid:88)(cid:73)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:18)
(cid:37)(cid:82)(cid:72)(cid:16)(cid:3)(cid:91)(cid:76)(cid:77)(cid:80)(cid:73)(cid:3)(cid:71)(cid:73)(cid:86)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:69)(cid:71)(cid:86)(cid:83)(cid:87)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:83)(cid:89)(cid:82)(cid:88)(cid:86)(cid:93)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:87)(cid:89)(cid:74)(cid:74)(cid:73)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:3)(cid:80)(cid:83)(cid:87)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:73)(cid:92)(cid:71)(cid:73)(cid:87)(cid:87)(cid:77)(cid:90)(cid:73)(cid:3)(cid:72)(cid:73)(cid:70)(cid:88)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:90)(cid:69)(cid:87)(cid:88)(cid:3)(cid:81)(cid:69)(cid:78)(cid:83)(cid:86)(cid:77)(cid:88)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:69)(cid:87)(cid:17)
(cid:41)(cid:69)(cid:86)(cid:80)(cid:93)(cid:3)(cid:80)(cid:69)(cid:87)(cid:88)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:16)(cid:3)(cid:89)(cid:82)(cid:73)(cid:81)(cid:84)(cid:80)(cid:83)(cid:93)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:91)(cid:69)(cid:87)(cid:3)(cid:76)(cid:89)(cid:86)(cid:88)(cid:80)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:83)(cid:91)(cid:69)(cid:86)(cid:72)(cid:3)(cid:21)(cid:20)(cid:9)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:87)(cid:73)(cid:88)(cid:87)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:54)(cid:41)(cid:45)(cid:56)(cid:87)(cid:3)(cid:86)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:87)(cid:3)(cid:86)(cid:73)(cid:87)(cid:77)(cid:80)(cid:77)(cid:73)(cid:82)(cid:88)(cid:18) (cid:59)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:91)(cid:69)(cid:88)(cid:71)(cid:76)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:71)(cid:86)(cid:73)(cid:72)(cid:77)(cid:88)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:94)(cid:73)(cid:16)(cid:3)(cid:70)(cid:69)(cid:82)(cid:79)(cid:87)(cid:3)(cid:71)(cid:83)(cid:89)(cid:80)(cid:72)(cid:3)(cid:82)(cid:83)(cid:88)(cid:3)(cid:80)(cid:73)(cid:82)(cid:72)(cid:3)(cid:12)(cid:83)(cid:86)(cid:3)(cid:86)(cid:73)(cid:74)(cid:89)(cid:87)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:13)(cid:16)
(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:82)(cid:90)(cid:77)(cid:86)(cid:83)(cid:82)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:86)(cid:93)(cid:16)(cid:3)(cid:90)(cid:73)(cid:86)(cid:93)(cid:3)(cid:71)(cid:80)(cid:83)(cid:87)(cid:73)(cid:80)(cid:93)(cid:18)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:88)(cid:83)(cid:71)(cid:79)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:88)(cid:89)(cid:81)(cid:70)(cid:80)(cid:73)(cid:72)(cid:18)(cid:3)(cid:3)(cid:45)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:91)(cid:83)(cid:86)(cid:80)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)
(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:16)(cid:3)(cid:48)(cid:77)(cid:82)(cid:73)(cid:82)(cid:87)(cid:3)(cid:179)(cid:82)(cid:3)(cid:56)(cid:76)(cid:77)(cid:82)(cid:75)(cid:87)(cid:16)(cid:3)(cid:39)(cid:77)(cid:86)(cid:71)(cid:89)(cid:77)(cid:88)(cid:3)(cid:39)(cid:77)(cid:88)(cid:93)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:43)(cid:83)(cid:83)(cid:72)(cid:93)(cid:180)(cid:87)(cid:16)(cid:3)(cid:69)(cid:81)(cid:83)(cid:82)(cid:75)(cid:3)
(cid:42)(cid:83)(cid:86)(cid:3)(cid:81)(cid:93)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:16)(cid:3)(cid:45)(cid:3)(cid:69)(cid:81)(cid:3)(cid:84)(cid:86)(cid:83)(cid:89)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:76)(cid:83)(cid:91)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:69)(cid:87)(cid:87)(cid:83)(cid:71)(cid:77)(cid:69)(cid:88)(cid:73)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)
(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:87)(cid:16)(cid:3)(cid:91)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:89)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:31)(cid:3)(cid:69)(cid:3)(cid:80)(cid:69)(cid:86)(cid:75)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:91)(cid:73)(cid:80)(cid:80)(cid:17)(cid:86)(cid:73)(cid:87)(cid:84)(cid:73)(cid:71)(cid:88)(cid:73)(cid:72)(cid:3)(cid:54)(cid:41)(cid:45)(cid:56)(cid:3)
(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:91)(cid:83)(cid:86)(cid:79)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:75)(cid:73)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:87)(cid:83)(cid:3)(cid:91)(cid:73)(cid:80)(cid:80)(cid:3)(cid:72)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:88)(cid:89)(cid:81)(cid:89)(cid:80)(cid:88)(cid:89)(cid:83)(cid:89)(cid:87)(cid:3)(cid:88)(cid:77)(cid:81)(cid:73)(cid:87)(cid:18)
(cid:189)(cid:80)(cid:73)(cid:72)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:70)(cid:69)(cid:82)(cid:79)(cid:86)(cid:89)(cid:84)(cid:88)(cid:71)(cid:93)(cid:3)(cid:84)(cid:86)(cid:83)(cid:88)(cid:73)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:31)(cid:3)(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)(cid:87)(cid:81)(cid:69)(cid:80)(cid:80)(cid:3)(cid:81)(cid:83)(cid:81)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:83)(cid:84)(cid:3)
(cid:45)(cid:3)(cid:69)(cid:81)(cid:3)(cid:81)(cid:83)(cid:87)(cid:88)(cid:3)(cid:75)(cid:86)(cid:69)(cid:88)(cid:77)(cid:189)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:88)(cid:73)(cid:69)(cid:81)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:80)(cid:73)(cid:69)(cid:72)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)
(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:87)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:87)(cid:88)(cid:86)(cid:89)(cid:75)(cid:75)(cid:80)(cid:77)(cid:82)(cid:75)(cid:31)(cid:3)(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:70)(cid:73)(cid:71)(cid:69)(cid:81)(cid:73)(cid:3)(cid:69)(cid:3)(cid:72)(cid:77)(cid:86)(cid:88)(cid:93)(cid:3)(cid:91)(cid:83)(cid:86)(cid:72)(cid:31)
(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:73)(cid:72)(cid:18)(cid:3)(cid:3)(cid:45)(cid:16)(cid:3)(cid:69)(cid:80)(cid:83)(cid:82)(cid:75)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:81)(cid:93)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:71)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:37)(cid:81)(cid:73)(cid:86)(cid:77)(cid:71)(cid:69)(cid:82)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:73)(cid:86)(cid:3)(cid:72)(cid:86)(cid:69)(cid:87)(cid:88)(cid:77)(cid:71)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:71)(cid:89)(cid:86)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:72)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:31)(cid:3)(cid:40)(cid:69)(cid:90)(cid:73)(cid:3)(cid:44)(cid:73)(cid:82)(cid:86)(cid:93)(cid:16)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:39)(cid:41)(cid:51)(cid:31)(cid:3)(cid:49)(cid:77)(cid:79)(cid:73)(cid:3)(cid:52)(cid:69)(cid:84)(cid:84)(cid:69)(cid:75)(cid:69)(cid:80)(cid:80)(cid:83)(cid:16)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:87)(cid:84)(cid:73)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:18)
(cid:39)(cid:42)(cid:51)(cid:3)(cid:10)(cid:3)(cid:39)(cid:37)(cid:51)(cid:31)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:48)(cid:89)(cid:79)(cid:73)(cid:87)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:39)(cid:51)(cid:51)(cid:16)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:73)(cid:82)(cid:88)(cid:76)(cid:89)(cid:87)(cid:77)(cid:69)(cid:87)(cid:88)(cid:77)(cid:71)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)
(cid:84)(cid:86)(cid:73)(cid:84)(cid:69)(cid:86)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:80)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:74)(cid:83)(cid:86)(cid:91)(cid:69)(cid:86)(cid:72)(cid:3)(cid:69)(cid:75)(cid:69)(cid:77)(cid:82)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:73)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)
(cid:61)(cid:73)(cid:88)(cid:3)(cid:70)(cid:69)(cid:86)(cid:73)(cid:80)(cid:93)(cid:3)(cid:88)(cid:91)(cid:73)(cid:80)(cid:90)(cid:73)(cid:3)(cid:81)(cid:83)(cid:82)(cid:88)(cid:76)(cid:87)(cid:3)(cid:80)(cid:69)(cid:88)(cid:73)(cid:86)(cid:16)(cid:3)(cid:70)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:82)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:16)(cid:3)(cid:81)(cid:83)(cid:82)(cid:73)(cid:93)(cid:3)
(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:18) (cid:56)(cid:76)(cid:73)(cid:77)(cid:86)(cid:3)(cid:80)(cid:73)(cid:88)(cid:88)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:74)(cid:83)(cid:80)(cid:80)(cid:83)(cid:91)(cid:87)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)
(cid:91)(cid:69)(cid:87)(cid:3)(cid:69)(cid:90)(cid:69)(cid:77)(cid:80)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:69)(cid:88)(cid:3)(cid:86)(cid:73)(cid:69)(cid:87)(cid:83)(cid:82)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:86)(cid:69)(cid:88)(cid:73)(cid:87)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:88)(cid:83)(cid:71)(cid:79)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:86)(cid:73)(cid:70)(cid:83)(cid:89)(cid:82)(cid:72)(cid:17)
(cid:86)(cid:73)(cid:90)(cid:77)(cid:73)(cid:91)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:73)(cid:71)(cid:73)(cid:82)(cid:88)(cid:3)(cid:84)(cid:69)(cid:87)(cid:88)(cid:16)(cid:3)(cid:73)(cid:92)(cid:84)(cid:80)(cid:69)(cid:77)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:73)(cid:88)(cid:77)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:87)(cid:16)
(cid:73)(cid:72)(cid:16)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:3)(cid:87)(cid:88)(cid:83)(cid:86)(cid:73)(cid:3)(cid:87)(cid:69)(cid:80)(cid:73)(cid:87)(cid:3)(cid:77)(cid:81)(cid:84)(cid:86)(cid:83)(cid:90)(cid:73)(cid:72)(cid:3)(cid:72)(cid:86)(cid:69)(cid:81)(cid:69)(cid:88)(cid:77)(cid:71)(cid:69)(cid:80)(cid:80)(cid:93)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:70)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:93)(cid:83)(cid:89)(cid:3)(cid:89)(cid:84)(cid:3)(cid:88)(cid:83)(cid:3)(cid:72)(cid:69)(cid:88)(cid:73)(cid:3)(cid:83)(cid:82)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:180)(cid:87)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:93)(cid:3)(cid:75)(cid:83)(cid:77)(cid:82)(cid:75)(cid:3)(cid:74)(cid:83)(cid:86)(cid:91)(cid:69)(cid:86)(cid:72)(cid:18)
(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:76)(cid:73)(cid:69)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:70)(cid:83)(cid:89)(cid:88)(cid:3)(cid:177)(cid:75)(cid:86)(cid:73)(cid:73)(cid:82)(cid:3)(cid:87)(cid:76)(cid:83)(cid:83)(cid:88)(cid:87)(cid:18)(cid:178)
(cid:37)(cid:82)(cid:72)(cid:3)(cid:93)(cid:73)(cid:88)(cid:16)(cid:3)(cid:88)(cid:76)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:71)(cid:76)(cid:69)(cid:82)(cid:75)(cid:73)(cid:72)(cid:18)(cid:3)(cid:3)(cid:39)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:89)(cid:82)(cid:71)(cid:76)(cid:69)(cid:86)(cid:69)(cid:71)(cid:17)
(cid:88)(cid:73)(cid:86)(cid:77)(cid:87)(cid:88)(cid:77)(cid:71)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:71)(cid:69)(cid:89)(cid:88)(cid:77)(cid:83)(cid:89)(cid:87)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:69)(cid:90)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:86)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:87)(cid:3)(cid:73)(cid:80)(cid:73)(cid:90)(cid:69)(cid:88)(cid:73)(cid:72)(cid:18)
(cid:39)(cid:83)(cid:82)(cid:87)(cid:84)(cid:77)(cid:71)(cid:89)(cid:83)(cid:89)(cid:87)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:84)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:87)(cid:3)(cid:83)(cid:89)(cid:88)(cid:16)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:77)(cid:71)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:18)(cid:3)(cid:3)(cid:54)(cid:73)(cid:17)
(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:71)(cid:83)(cid:82)(cid:88)(cid:86)(cid:83)(cid:80)(cid:80)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:83)(cid:87)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:76)(cid:77)(cid:75)(cid:76)(cid:80)(cid:93)(cid:3)(cid:87)(cid:73)(cid:80)(cid:73)(cid:71)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:86)(cid:73)(cid:75)(cid:69)(cid:86)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:73)(cid:92)(cid:84)(cid:69)(cid:82)(cid:87)(cid:77)(cid:83)(cid:82)(cid:3)(cid:84)(cid:80)(cid:69)(cid:82)(cid:87)(cid:31)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:93)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:16)(cid:3)(cid:77)(cid:82)(cid:71)(cid:80)(cid:89)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:83)(cid:74)(cid:3)(cid:89)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:16)
(cid:69)(cid:86)(cid:73)(cid:3)(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:73)(cid:72)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:73)(cid:90)(cid:73)(cid:86)(cid:3)(cid:83)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:80)(cid:83)(cid:71)(cid:79)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:69)(cid:71)(cid:79)(cid:80)(cid:77)(cid:82)(cid:75)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:31)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:77)(cid:82)(cid:72)(cid:73)(cid:70)(cid:88)(cid:73)(cid:72)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:77)(cid:87)(cid:3)(cid:70)(cid:73)(cid:77)(cid:82)(cid:75)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:72)(cid:3)(cid:73)(cid:90)(cid:73)(cid:86)(cid:93)(cid:91)(cid:76)(cid:73)(cid:86)(cid:73)(cid:18)
(cid:49)(cid:77)(cid:80)(cid:88)(cid:83)(cid:82)(cid:3)(cid:39)(cid:83)(cid:83)(cid:84)(cid:73)(cid:86)
(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:38)(cid:83)(cid:69)(cid:86)(cid:72)
(cid:21)(cid:3)
(cid:29)(cid:25)(cid:20)(cid:3)(cid:55)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:39)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)
(cid:39)(cid:83)(cid:81)(cid:84)(cid:86)(cid:77)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:21)(cid:24)(cid:20)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:87)(cid:85)(cid:89)(cid:69)(cid:86)(cid:73)(cid:3)(cid:74)(cid:73)(cid:73)(cid:88)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:38)(cid:18)(cid:3)(cid:44)(cid:73)(cid:82)(cid:86)(cid:93)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:10)(cid:3)
(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:71)(cid:73)(cid:86)
(cid:49)(cid:77)(cid:71)(cid:76)(cid:69)(cid:73)(cid:80)(cid:3)(cid:58)(cid:18)(cid:3)(cid:52)(cid:69)(cid:84)(cid:84)(cid:69)(cid:75)(cid:69)(cid:80)(cid:80)(cid:83)
(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)
(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:42)(cid:77)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)(cid:51)(cid:74)(cid:189)(cid:71)(cid:73)(cid:86)(cid:3)
(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:37)(cid:72)(cid:81)(cid:77)(cid:82)(cid:77)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:71)(cid:73)(cid:86)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:54)(cid:18)(cid:3)(cid:48)(cid:89)(cid:79)(cid:73)(cid:87)
(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:3)
(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:51)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:51)(cid:74)(cid:189)(cid:71)(cid:73)(cid:86)
(cid:40)(cid:73)(cid:69)(cid:86)(cid:3)(cid:42)(cid:73)(cid:80)(cid:80)(cid:83)(cid:91)(cid:3)(cid:55)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:16)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:37)(cid:87)(cid:87)(cid:83)(cid:71)(cid:77)(cid:69)(cid:88)(cid:73)(cid:87)(cid:30)
(cid:87)(cid:80)(cid:77)(cid:75)(cid:76)(cid:88)(cid:80)(cid:93)(cid:3)(cid:12)(cid:69)(cid:70)(cid:83)(cid:89)(cid:88)(cid:3)(cid:88)(cid:91)(cid:83)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:84)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:13)(cid:31)(cid:3)(cid:73)(cid:90)(cid:73)(cid:82)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:77)(cid:81)(cid:84)(cid:83)(cid:86)(cid:88)(cid:69)(cid:82)(cid:88)(cid:80)(cid:93)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:81)(cid:69)(cid:72)(cid:73)(cid:3)(cid:87)(cid:83)(cid:80)(cid:77)(cid:72)(cid:3)(cid:84)(cid:86)(cid:83)(cid:75)(cid:86)(cid:73)(cid:87)(cid:87)(cid:3)(cid:83)(cid:82)(cid:3)(cid:69)(cid:3)(cid:82)(cid:89)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:74)(cid:86)(cid:83)(cid:82)(cid:88)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:70)(cid:83)(cid:72)(cid:73)(cid:3)(cid:91)(cid:73)(cid:80)(cid:80)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)
(cid:22)(cid:20)(cid:20)(cid:29)(cid:3)(cid:91)(cid:69)(cid:87)(cid:3)(cid:71)(cid:73)(cid:86)(cid:88)(cid:69)(cid:77)(cid:82)(cid:80)(cid:93)(cid:3)(cid:69)(cid:3)(cid:88)(cid:89)(cid:81)(cid:89)(cid:80)(cid:88)(cid:89)(cid:83)(cid:89)(cid:87)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:18)(cid:3)(cid:40)(cid:86)(cid:77)(cid:90)(cid:73)(cid:82)(cid:3)(cid:70)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:189)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:74)(cid:89)(cid:88)(cid:89)(cid:86)(cid:73)(cid:30)
(cid:71)(cid:86)(cid:77)(cid:87)(cid:77)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:80)(cid:69)(cid:88)(cid:73)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:69)(cid:70)(cid:86)(cid:89)(cid:84)(cid:88)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:73)(cid:86)(cid:3)
(cid:136)(cid:3) (cid:39)(cid:80)(cid:83)(cid:87)(cid:73)(cid:72)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:83)(cid:71)(cid:71)(cid:89)(cid:84)(cid:69)(cid:82)(cid:71)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:29)(cid:22)(cid:18)(cid:28)(cid:9)(cid:16)(cid:3)(cid:72)(cid:73)(cid:87)(cid:84)(cid:77)(cid:88)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:80)(cid:83)(cid:87)(cid:87)(cid:3)
(cid:87)(cid:84)(cid:73)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:16)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:70)(cid:73)(cid:71)(cid:69)(cid:81)(cid:73)(cid:3)(cid:87)(cid:71)(cid:69)(cid:86)(cid:71)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:73)(cid:92)(cid:84)(cid:73)(cid:82)(cid:87)(cid:77)(cid:90)(cid:73)(cid:16)(cid:3)(cid:71)(cid:83)(cid:82)(cid:189)(cid:72)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:23)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:87)(cid:85)(cid:89)(cid:69)(cid:86)(cid:73)(cid:3)(cid:74)(cid:73)(cid:73)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:87)(cid:84)(cid:69)(cid:71)(cid:73)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:76)(cid:73)(cid:69)(cid:72)(cid:80)(cid:77)(cid:82)(cid:73)(cid:3)
(cid:84)(cid:80)(cid:89)(cid:81)(cid:81)(cid:73)(cid:88)(cid:73)(cid:72)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:73)(cid:86)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:77)(cid:82)(cid:72)(cid:89)(cid:87)(cid:88)(cid:86)(cid:93)(cid:3)(cid:74)(cid:73)(cid:80)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:70)(cid:69)(cid:82)(cid:79)(cid:86)(cid:89)(cid:84)(cid:88)(cid:71)(cid:77)(cid:73)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:48)(cid:77)(cid:82)(cid:73)(cid:82)(cid:87)(cid:3)(cid:179)(cid:82)(cid:3)(cid:56)(cid:76)(cid:77)(cid:82)(cid:75)(cid:87)(cid:16)(cid:3)(cid:39)(cid:77)(cid:86)(cid:71)(cid:89)(cid:77)(cid:88)(cid:3)(cid:39)(cid:77)(cid:88)(cid:93)(cid:16)(cid:58)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:39)(cid:77)(cid:88)(cid:93)(cid:3)
(cid:84)(cid:69)(cid:77)(cid:82)(cid:18)(cid:3)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:16)(cid:3)(cid:83)(cid:74)(cid:3)(cid:71)(cid:83)(cid:89)(cid:86)(cid:87)(cid:73)(cid:16)(cid:3)(cid:91)(cid:69)(cid:87)(cid:3)(cid:82)(cid:83)(cid:88)(cid:3)(cid:77)(cid:81)(cid:81)(cid:89)(cid:82)(cid:73)(cid:3)(cid:88)(cid:83)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:74)(cid:74)(cid:73)(cid:71)(cid:88)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)
(cid:42)(cid:89)(cid:86)(cid:82)(cid:77)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:87)(cid:18)(cid:3)(cid:51)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:27)(cid:25)(cid:3)(cid:83)(cid:86)(cid:77)(cid:75)(cid:77)(cid:82)(cid:69)(cid:80)(cid:3)(cid:90)(cid:69)(cid:71)(cid:69)(cid:82)(cid:71)(cid:77)(cid:73)(cid:87)(cid:16)(cid:3)(cid:25)(cid:20)(cid:3)(cid:70)(cid:83)(cid:92)(cid:73)(cid:87)(cid:3)
(cid:74)(cid:83)(cid:86)(cid:71)(cid:73)(cid:87)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:189)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:80)(cid:88)(cid:87)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:77)(cid:81)(cid:84)(cid:69)(cid:71)(cid:88)(cid:73)(cid:72)(cid:18)(cid:3)(cid:3)(cid:51)(cid:89)(cid:86)(cid:3)(cid:86)(cid:73)(cid:84)(cid:83)(cid:86)(cid:88)(cid:73)(cid:72)(cid:3)
(cid:69)(cid:86)(cid:73)(cid:3)(cid:73)(cid:77)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:86)(cid:73)(cid:17)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:72)(cid:16)(cid:3)(cid:87)(cid:89)(cid:70)(cid:78)(cid:73)(cid:71)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:69)(cid:3)(cid:80)(cid:73)(cid:88)(cid:88)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:82)(cid:88)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:69)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)
(cid:42)(cid:89)(cid:82)(cid:72)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:51)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:12)(cid:42)(cid:42)(cid:51)(cid:13)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:83)(cid:87)(cid:88)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:83)(cid:82)(cid:3)(cid:81)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:73)(cid:3)
(cid:89)(cid:87)(cid:73)(cid:86)(cid:16)(cid:3)(cid:87)(cid:83)(cid:80)(cid:72)(cid:16)(cid:3)(cid:83)(cid:86)(cid:3)(cid:87)(cid:89)(cid:70)(cid:78)(cid:73)(cid:71)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:69)(cid:3)(cid:75)(cid:89)(cid:69)(cid:86)(cid:69)(cid:82)(cid:88)(cid:93)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:69)(cid:3)(cid:71)(cid:86)(cid:73)(cid:72)(cid:77)(cid:88)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:18)(cid:59)(cid:73)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:69)(cid:3)(cid:54)(cid:41)(cid:45)(cid:56)(cid:87)(cid:180)(cid:3)(cid:189)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)(cid:84)(cid:73)(cid:86)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:82)(cid:71)(cid:73)(cid:16)(cid:3)(cid:74)(cid:73)(cid:80)(cid:80)(cid:3)(cid:88)(cid:83)(cid:3)(cid:8)(cid:20)(cid:18)(cid:28)(cid:22)(cid:3)(cid:84)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)
(cid:69)(cid:86)(cid:73)(cid:3)(cid:73)(cid:82)(cid:71)(cid:83)(cid:89)(cid:86)(cid:69)(cid:75)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:89)(cid:84)(cid:17)(cid:88)(cid:77)(cid:71)(cid:79)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:71)(cid:71)(cid:89)(cid:84)(cid:69)(cid:82)(cid:71)(cid:93)(cid:3)(cid:86)(cid:73)(cid:190)(cid:73)(cid:71)(cid:88)(cid:73)(cid:72)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:22)(cid:20)(cid:20)(cid:29)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:8)(cid:22)(cid:18)(cid:20)(cid:22)(cid:3)(cid:84)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:16)(cid:3)(cid:77)(cid:82)(cid:71)(cid:80)(cid:89)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:86)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:82)(cid:83)(cid:82)(cid:17)(cid:71)(cid:69)(cid:87)(cid:76)(cid:3)
(cid:74)(cid:83)(cid:89)(cid:86)(cid:88)(cid:76)(cid:3)(cid:85)(cid:89)(cid:69)(cid:86)(cid:88)(cid:73)(cid:86)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:80)(cid:88)(cid:87)(cid:31)
(cid:77)(cid:81)(cid:84)(cid:69)(cid:77)(cid:86)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:71)(cid:76)(cid:69)(cid:86)(cid:75)(cid:73)(cid:87)(cid:31)(cid:3)(cid:73)(cid:92)(cid:71)(cid:80)(cid:89)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:83)(cid:87)(cid:73)(cid:3)(cid:71)(cid:76)(cid:69)(cid:86)(cid:75)(cid:73)(cid:87)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:86)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)
(cid:69)(cid:81)(cid:83)(cid:89)(cid:82)(cid:88)(cid:87)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:8)(cid:21)(cid:18)(cid:23)(cid:23)(cid:3)(cid:84)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:8)(cid:22)(cid:18)(cid:24)(cid:29)(cid:3)(cid:84)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:3)
(cid:77)(cid:82)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:18) (cid:56)(cid:76)(cid:73)(cid:3)(cid:81)(cid:83)(cid:87)(cid:88)(cid:3)(cid:87)(cid:77)(cid:75)(cid:82)(cid:77)(cid:189)(cid:71)(cid:69)(cid:82)(cid:88)(cid:3)(cid:74)(cid:69)(cid:71)(cid:88)(cid:83)(cid:86)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:72)(cid:73)(cid:71)(cid:80)(cid:77)(cid:82)(cid:73)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:136)(cid:3) (cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:73)(cid:72)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:28)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:87)(cid:85)(cid:89)(cid:69)(cid:86)(cid:73)(cid:3)(cid:74)(cid:73)(cid:73)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)(cid:16)(cid:3)(cid:86)(cid:73)(cid:82)(cid:73)(cid:91)(cid:69)(cid:80)(cid:87)(cid:16)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:83)(cid:84)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:73)(cid:92)(cid:73)(cid:86)(cid:71)(cid:77)(cid:87)(cid:73)(cid:87)(cid:31)
(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:87)(cid:3)(cid:75)(cid:73)(cid:82)(cid:73)(cid:86)(cid:69)(cid:88)(cid:73)(cid:72)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:86)(cid:69)(cid:82)(cid:87)(cid:69)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:69)(cid:71)(cid:88)(cid:77)(cid:90)(cid:77)(cid:88)(cid:93)(cid:3)(cid:175)(cid:3)
(cid:136)(cid:3) (cid:39)(cid:83)(cid:81)(cid:84)(cid:80)(cid:73)(cid:88)(cid:73)(cid:72)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:88)(cid:86)(cid:89)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:91)(cid:83)(cid:86)(cid:79)(cid:3)(cid:69)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:69)(cid:78)(cid:83)(cid:86)(cid:77)(cid:88)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)
(cid:12)(cid:69)(cid:70)(cid:83)(cid:89)(cid:88)(cid:3)(cid:8)(cid:20)(cid:18)(cid:25)(cid:23)(cid:13)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:74)(cid:74)(cid:73)(cid:71)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:86)(cid:73)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:77)(cid:94)(cid:77)(cid:82)(cid:75)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:70)(cid:69)(cid:80)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:87)(cid:76)(cid:73)(cid:73)(cid:88)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)(cid:3)(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:84)(cid:86)(cid:83)(cid:78)(cid:73)(cid:71)(cid:88)(cid:87)(cid:16)(cid:3)(cid:69)(cid:80)(cid:80)(cid:83)(cid:91)(cid:77)(cid:82)(cid:75)(cid:3)(cid:89)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:3)
(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:74)(cid:86)(cid:73)(cid:87)(cid:76)(cid:3)(cid:73)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:80)(cid:69)(cid:87)(cid:88)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:3)(cid:12)(cid:69)(cid:70)(cid:83)(cid:89)(cid:88)(cid:3)(cid:8)(cid:20)(cid:18)(cid:24)(cid:28)(cid:13)(cid:18)
(cid:73)(cid:92)(cid:71)(cid:80)(cid:89)(cid:87)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93)(cid:3)(cid:83)(cid:82)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:73)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:77)(cid:82)(cid:71)(cid:86)(cid:73)(cid:69)(cid:87)(cid:73)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:69)(cid:87)(cid:76)(cid:3)
(cid:40)(cid:73)(cid:87)(cid:84)(cid:77)(cid:88)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:72)(cid:73)(cid:71)(cid:80)(cid:77)(cid:82)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:69)(cid:80)(cid:80)(cid:3)(cid:86)(cid:73)(cid:84)(cid:83)(cid:86)(cid:88)(cid:73)(cid:72)(cid:3)(cid:73)(cid:69)(cid:86)(cid:82)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:42)(cid:42)(cid:51)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:69)(cid:86)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:74)(cid:83)(cid:86)(cid:88)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:74)(cid:69)(cid:71)(cid:88)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:71)(cid:83)(cid:86)(cid:73)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:76)(cid:69)(cid:87)(cid:3)(cid:70)(cid:73)(cid:73)(cid:82)(cid:3)
(cid:86)(cid:73)(cid:87)(cid:77)(cid:80)(cid:77)(cid:73)(cid:82)(cid:88)(cid:18)(cid:3)(cid:55)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:87)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:72)(cid:83)(cid:91)(cid:82)(cid:3)(cid:83)(cid:82)(cid:80)(cid:93)(cid:3)
(cid:190)(cid:83)(cid:91)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:31)
(cid:136)(cid:3) (cid:54)(cid:69)(cid:77)(cid:87)(cid:73)(cid:72)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:8)(cid:22)(cid:18)(cid:22)(cid:3)(cid:70)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:72)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:16)(cid:3)(cid:72)(cid:73)(cid:87)(cid:84)(cid:77)(cid:88)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:73)(cid:92)(cid:88)(cid:86)(cid:69)(cid:83)(cid:86)(cid:72)(cid:77)(cid:82)(cid:69)(cid:86)(cid:77)(cid:80)(cid:93)(cid:3)(cid:72)(cid:77)(cid:74)(cid:189)(cid:71)(cid:89)(cid:80)(cid:88)(cid:3)(cid:71)(cid:80)(cid:77)(cid:81)(cid:69)(cid:88)(cid:73)(cid:3)(cid:72)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:81)(cid:89)(cid:71)(cid:76)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:18)(cid:56)(cid:76)(cid:77)(cid:87)(cid:3)
(cid:77)(cid:82)(cid:71)(cid:80)(cid:89)(cid:72)(cid:73)(cid:72)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:8)(cid:21)(cid:18)(cid:21)(cid:3)(cid:70)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:83)(cid:82)(cid:3)(cid:73)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:88)(cid:83)(cid:3)(cid:76)(cid:73)(cid:80)(cid:84)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:3)
(cid:22)
(cid:177)(cid:59)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:77)(cid:88)(cid:88)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:83)(cid:74)(cid:3)(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)
(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:91)(cid:76)(cid:77)(cid:71)(cid:76)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:86)(cid:73)(cid:71)(cid:89)(cid:86)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:71)(cid:83)(cid:81)(cid:73)(cid:18)(cid:178)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:72)(cid:73)(cid:70)(cid:88)(cid:3)(cid:80)(cid:83)(cid:69)(cid:72)(cid:16)(cid:3)(cid:69)(cid:87)(cid:3)(cid:91)(cid:73)(cid:80)(cid:80)(cid:3)(cid:69)(cid:87)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:8)(cid:28)(cid:20)(cid:20)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:81)(cid:83)(cid:86)(cid:88)(cid:75)(cid:69)(cid:75)(cid:73)(cid:3)
(cid:71)(cid:83)(cid:82)(cid:87)(cid:77)(cid:87)(cid:88)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:84)(cid:76)(cid:77)(cid:80)(cid:83)(cid:87)(cid:83)(cid:84)(cid:76)(cid:93)(cid:30)(cid:3)(cid:3)(cid:49)(cid:69)(cid:77)(cid:82)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:69)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:83)(cid:74)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:3)
(cid:189)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:83)(cid:3)(cid:74)(cid:89)(cid:82)(cid:72)(cid:3)(cid:81)(cid:69)(cid:88)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:72)(cid:73)(cid:70)(cid:88)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)
(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)(cid:72)(cid:73)(cid:74)(cid:73)(cid:82)(cid:87)(cid:77)(cid:90)(cid:73)(cid:3)(cid:69)(cid:88)(cid:88)(cid:86)(cid:77)(cid:70)(cid:89)(cid:88)(cid:73)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:73)(cid:82)(cid:87)(cid:89)(cid:86)(cid:73)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:77)(cid:87)(cid:88)(cid:73)(cid:82)(cid:88)(cid:3)(cid:71)(cid:69)(cid:87)(cid:76)(cid:3)(cid:190)(cid:83)(cid:91)(cid:3)
(cid:84)(cid:86)(cid:83)(cid:75)(cid:86)(cid:69)(cid:81)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:83)(cid:91)(cid:82)(cid:3)(cid:70)(cid:69)(cid:80)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:87)(cid:76)(cid:73)(cid:73)(cid:88)(cid:3)
(cid:88)(cid:83)(cid:3)(cid:87)(cid:89)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:3)(cid:72)(cid:77)(cid:90)(cid:77)(cid:72)(cid:73)(cid:82)(cid:72)(cid:87)(cid:3)(cid:91)(cid:76)(cid:77)(cid:80)(cid:73)(cid:3)(cid:89)(cid:88)(cid:77)(cid:80)(cid:77)(cid:94)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:69)(cid:80)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:16)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:90)(cid:77)(cid:88)(cid:93)(cid:16)
(cid:91)(cid:76)(cid:73)(cid:82)(cid:3)(cid:69)(cid:88)(cid:88)(cid:86)(cid:69)(cid:71)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:69)(cid:80)(cid:88)(cid:73)(cid:86)(cid:82)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:87)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:87)(cid:71)(cid:69)(cid:86)(cid:71)(cid:73)(cid:18) (cid:59)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:77)(cid:71)(cid:89)(cid:80)(cid:69)(cid:86)(cid:80)(cid:93)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:71)(cid:71)(cid:73)(cid:87)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:88)(cid:83)(cid:3)(cid:75)(cid:86)(cid:83)(cid:91)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:18)(cid:3)(cid:51)(cid:90)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:16)
(cid:84)(cid:86)(cid:83)(cid:89)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:73)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:3)(cid:8)(cid:22)(cid:22)(cid:20)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:80)(cid:83)(cid:69)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:84)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:91)(cid:73)(cid:3)(cid:73)(cid:92)(cid:84)(cid:69)(cid:82)(cid:72)(cid:73)(cid:72)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:76)(cid:83)(cid:80)(cid:72)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:69)(cid:3)(cid:87)(cid:73)(cid:86)(cid:77)(cid:73)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:16)(cid:3)(cid:91)(cid:76)(cid:73)(cid:82)(cid:3)(cid:54)(cid:41)(cid:45)(cid:56)(cid:3)(cid:71)(cid:86)(cid:73)(cid:72)(cid:77)(cid:88)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:90)(cid:77)(cid:86)(cid:88)(cid:89)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:87)(cid:76)(cid:89)(cid:88)(cid:3)
(cid:69)(cid:72)(cid:78)(cid:89)(cid:82)(cid:71)(cid:88)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:77)(cid:82)(cid:77)(cid:88)(cid:77)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:87)(cid:16)(cid:3)(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:91)(cid:76)(cid:77)(cid:71)(cid:76)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:80)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:69)(cid:86)(cid:93)(cid:3)
(cid:72)(cid:83)(cid:91)(cid:82)(cid:18)(cid:56)(cid:76)(cid:73)(cid:3)(cid:87)(cid:89)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:87)(cid:88)(cid:69)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:70)(cid:69)(cid:82)(cid:79)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:17)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:73)(cid:87)(cid:3)(cid:87)(cid:89)(cid:71)(cid:76)(cid:3)(cid:69)(cid:87)(cid:3)(cid:81)(cid:73)(cid:86)(cid:71)(cid:76)(cid:69)(cid:82)(cid:88)(cid:3)
(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:3)(cid:91)(cid:69)(cid:87)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:77)(cid:71)(cid:89)(cid:80)(cid:69)(cid:86)(cid:80)(cid:93)(cid:3)(cid:75)(cid:86)(cid:69)(cid:88)(cid:77)(cid:74)(cid:93)(cid:77)(cid:82)(cid:75)(cid:3)(cid:72)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:88)(cid:77)(cid:81)(cid:73)(cid:31)
(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:88)(cid:83)(cid:3)(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)
(cid:136)(cid:3) (cid:59)(cid:83)(cid:86)(cid:79)(cid:73)(cid:72)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:71)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:73)(cid:92)(cid:77)(cid:87)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:87)(cid:88)(cid:77)(cid:88)(cid:89)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)
(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:74)(cid:89)(cid:86)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:77)(cid:86)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:73)(cid:87)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:73)(cid:82)(cid:76)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:180)(cid:87)(cid:3)(cid:87)(cid:88)(cid:69)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:69)(cid:87)(cid:3)(cid:69)(cid:3)(cid:84)(cid:86)(cid:73)(cid:74)(cid:73)(cid:86)(cid:86)(cid:73)(cid:72)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:3)(cid:77)(cid:82)(cid:3)(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)
(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:18)(cid:3)(cid:40)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)(cid:87)(cid:83)(cid:80)(cid:72)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)
(cid:8)(cid:21)(cid:25)(cid:20)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)
(cid:52)(cid:86)(cid:89)(cid:72)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:80)(cid:3)(cid:54)(cid:73)(cid:69)(cid:80)(cid:3)(cid:41)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:83)(cid:86)(cid:87)(cid:31)(cid:3)(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:73)(cid:72)(cid:3)(cid:69)(cid:3)(cid:74)(cid:89)(cid:80)(cid:80)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:3)(cid:77)(cid:82)(cid:3)(cid:21)(cid:22)(cid:3)
(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:83)(cid:87)(cid:73)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:87)(cid:31)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:73)(cid:72)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:84)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:180)(cid:87)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:3)(cid:77)(cid:82)(cid:3)(cid:52)(cid:48)(cid:3)(cid:54)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:16)(cid:3)(cid:69)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:83)(cid:74)(cid:3)(cid:22)(cid:21)(cid:3)(cid:76)(cid:77)(cid:75)(cid:76)(cid:3)(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)
(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:16)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:69)(cid:3)(cid:75)(cid:86)(cid:83)(cid:87)(cid:87)(cid:3)(cid:88)(cid:86)(cid:69)(cid:82)(cid:87)(cid:69)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:84)(cid:86)(cid:77)(cid:71)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:8)(cid:28)(cid:22)(cid:25)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:18)
(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:83)(cid:86)(cid:87)(cid:18)(cid:59)(cid:73)(cid:3)(cid:69)(cid:80)(cid:87)(cid:83)(cid:3)(cid:73)(cid:81)(cid:84)(cid:80)(cid:83)(cid:93)(cid:73)(cid:72)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:83)(cid:89)(cid:88)(cid:87)(cid:77)(cid:72)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:91)(cid:83)(cid:86)(cid:80)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:18) (cid:37)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:90)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:80)(cid:69)(cid:88)(cid:73)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:22)(cid:20)(cid:20)(cid:29)(cid:3)
(cid:89)(cid:82)(cid:74)(cid:83)(cid:80)(cid:72)(cid:73)(cid:72)(cid:16)(cid:3)(cid:77)(cid:88)(cid:3)(cid:70)(cid:73)(cid:71)(cid:69)(cid:81)(cid:73)(cid:3)(cid:71)(cid:80)(cid:73)(cid:69)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:89)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:16)(cid:3)(cid:91)(cid:76)(cid:77)(cid:80)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:73)(cid:69)(cid:86)(cid:82)(cid:73)(cid:72)(cid:3)(cid:80)(cid:69)(cid:86)(cid:75)(cid:73)(cid:3)
(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:73)(cid:87)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:83)(cid:84)(cid:73)(cid:72)(cid:3)
(cid:88)(cid:83)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:73)(cid:3)(cid:91)(cid:69)(cid:87)(cid:3)(cid:82)(cid:83)(cid:88)(cid:3)(cid:70)(cid:73)(cid:77)(cid:82)(cid:75)(cid:3)(cid:74)(cid:89)(cid:80)(cid:80)(cid:93)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:77)(cid:94)(cid:73)(cid:72)(cid:18) (cid:37)(cid:87)(cid:3)(cid:69)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:80)(cid:88)(cid:16)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:81)(cid:69)(cid:72)(cid:73)(cid:3)
(cid:69)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:77)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:86)(cid:73)(cid:70)(cid:89)(cid:77)(cid:80)(cid:72)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:70)(cid:93)(cid:3)(cid:86)(cid:73)(cid:88)(cid:89)(cid:86)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:77)(cid:88)(cid:87)(cid:3)(cid:86)(cid:83)(cid:83)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:89)(cid:86)(cid:87)(cid:89)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:3)(cid:87)(cid:77)(cid:81)(cid:84)(cid:80)(cid:77)(cid:189)(cid:73)(cid:72)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:93)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)
(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:73)(cid:92)(cid:71)(cid:80)(cid:89)(cid:87)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93)(cid:3)(cid:83)(cid:82)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:16)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)
(cid:73)(cid:77)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:72)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:83)(cid:86)(cid:3)(cid:73)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)
(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:87)(cid:18)
(cid:45)(cid:82)(cid:71)(cid:86)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:86)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:87)(cid:3)(cid:56)(cid:44)(cid:41)(cid:3)(cid:84)(cid:86)(cid:77)(cid:81)(cid:69)(cid:86)(cid:93)(cid:3)(cid:86)(cid:73)(cid:87)(cid:84)(cid:83)(cid:82)(cid:87)(cid:77)(cid:70)(cid:77)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)
(cid:59)(cid:76)(cid:93)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:92)(cid:71)(cid:80)(cid:89)(cid:87)(cid:77)(cid:90)(cid:73)(cid:3)(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:3)(cid:70)(cid:69)(cid:71)(cid:79)(cid:3)(cid:88)(cid:83)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:35)(cid:3)(cid:3)(cid:54)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:73)(cid:90)(cid:73)(cid:86)(cid:93)(cid:3)(cid:84)(cid:89)(cid:70)(cid:80)(cid:77)(cid:71)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:88)(cid:73)(cid:69)(cid:81)(cid:18)(cid:3)(cid:45)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:21)(cid:28)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)
(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:77)(cid:87)(cid:3)(cid:91)(cid:76)(cid:73)(cid:86)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:71)(cid:69)(cid:82)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:76)(cid:69)(cid:87)(cid:3)(cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:88)(cid:73)(cid:72)(cid:3)(cid:77)(cid:88)(cid:87)(cid:73)(cid:80)(cid:74)(cid:3)(cid:70)(cid:93)(cid:3)
(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:77)(cid:82)(cid:77)(cid:88)(cid:77)(cid:69)(cid:80)(cid:3)(cid:84)(cid:89)(cid:70)(cid:80)(cid:77)(cid:71)(cid:3)(cid:83)(cid:74)(cid:74)(cid:73)(cid:86)(cid:77)(cid:82)(cid:75)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:71)(cid:83)(cid:82)(cid:88)(cid:77)(cid:82)(cid:89)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:87)(cid:73)(cid:73)(cid:79)(cid:3)
(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:77)(cid:94)(cid:77)(cid:82)(cid:75)(cid:3)(cid:83)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:73)(cid:88)(cid:77)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:87)(cid:18)
(cid:77)(cid:82)(cid:88)(cid:73)(cid:80)(cid:80)(cid:77)(cid:75)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:91)(cid:69)(cid:93)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:81)(cid:69)(cid:92)(cid:77)(cid:81)(cid:77)(cid:94)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:3)(cid:83)(cid:82)(cid:73)(cid:3)
(cid:23)(cid:3)
(cid:177)(cid:59)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:70)(cid:73)(cid:73)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:77)(cid:82)(cid:75)(cid:16)
(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:77)(cid:82)(cid:75)(cid:16)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:25)(cid:20)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:18) (cid:178)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:40)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:17)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:3)(cid:45)
(cid:41)(cid:92)(cid:84)(cid:73)(cid:86)(cid:77)(cid:73)(cid:82)(cid:71)(cid:73)(cid:16)(cid:3)(cid:54)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:3)(cid:10)(cid:3)(cid:55)(cid:77)(cid:94)(cid:73)
(cid:59)(cid:73) (cid:76)(cid:69)(cid:90)(cid:73) (cid:70)(cid:73)(cid:73)(cid:82) (cid:77)(cid:82) (cid:88)(cid:76)(cid:73) (cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87) (cid:83)(cid:74) (cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:77)(cid:82)(cid:75)(cid:16) (cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:77)(cid:82)(cid:75)(cid:16) (cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:69)(cid:82)(cid:72) (cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75) (cid:90)(cid:69)(cid:80)(cid:89)(cid:73) (cid:77)(cid:82) (cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75) (cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87) (cid:74)(cid:83)(cid:86) (cid:83)(cid:90)(cid:73)(cid:86) (cid:25)(cid:20) (cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:18) (cid:59)(cid:73)(cid:3)
(cid:76)(cid:69)(cid:90)(cid:73) (cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84) (cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:87) (cid:77)(cid:82) (cid:29)(cid:25)(cid:20) (cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75) (cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87) (cid:69)(cid:71)(cid:86)(cid:83)(cid:87)(cid:87) (cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:3)
(cid:37)(cid:81)(cid:73)(cid:86)(cid:77)(cid:71)(cid:69)(cid:16) (cid:91)(cid:77)(cid:88)(cid:76) (cid:69) (cid:81)(cid:73)(cid:69)(cid:82)(cid:77)(cid:82)(cid:75)(cid:74)(cid:89)(cid:80) (cid:84)(cid:86)(cid:73)(cid:87)(cid:73)(cid:82)(cid:71)(cid:73) (cid:77)(cid:82) (cid:88)(cid:76)(cid:73) (cid:57)(cid:18)(cid:55)(cid:18)(cid:16) (cid:88)(cid:76)(cid:73) (cid:189)(cid:90)(cid:73) (cid:81)(cid:69)(cid:78)(cid:83)(cid:86)(cid:3)
(cid:71)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87) (cid:77)(cid:82) (cid:39)(cid:69)(cid:82)(cid:69)(cid:72)(cid:69)(cid:16) (cid:69)(cid:82)(cid:72) (cid:83)(cid:90)(cid:73)(cid:86) (cid:22)(cid:22) (cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87) (cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:83)(cid:89)(cid:88) (cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)(cid:18) (cid:59)(cid:77)(cid:88)(cid:76)(cid:3)
(cid:88)(cid:76)(cid:69)(cid:88) (cid:76)(cid:73)(cid:69)(cid:72) (cid:87)(cid:88)(cid:69)(cid:86)(cid:88)(cid:16) (cid:91)(cid:73) (cid:84)(cid:83)(cid:87)(cid:87)(cid:73)(cid:87)(cid:87) (cid:69)(cid:82) (cid:69)(cid:70)(cid:89)(cid:82)(cid:72)(cid:69)(cid:82)(cid:71)(cid:73) (cid:83)(cid:74) (cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75) (cid:69)(cid:88)(cid:88)(cid:86)(cid:77)(cid:70)(cid:89)(cid:88)(cid:73)(cid:87) (cid:88)(cid:76)(cid:69)(cid:88)(cid:3)
(cid:75)(cid:77)(cid:90)(cid:73)(cid:87) (cid:89)(cid:87) (cid:69)(cid:82) (cid:73)(cid:72)(cid:75)(cid:73)(cid:18)
(cid:136)(cid:3) (cid:37)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:80)(cid:69)(cid:86)(cid:75)(cid:73)(cid:87)(cid:88)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:82)(cid:73)(cid:77)(cid:75)(cid:76)(cid:70)(cid:83)(cid:86)(cid:76)(cid:83)(cid:83)(cid:72)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:89)(cid:82)(cid:77)(cid:88)(cid:93)(cid:3)
(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:21)(cid:23)(cid:16)(cid:20)(cid:20)(cid:20)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:77)(cid:94)(cid:73)(cid:16)
(cid:72)(cid:77)(cid:90)(cid:73)(cid:86)(cid:87)(cid:77)(cid:88)(cid:93)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:70)(cid:86)(cid:73)(cid:69)(cid:72)(cid:88)(cid:76)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:87)(cid:3)(cid:87)(cid:89)(cid:87)(cid:88)(cid:69)(cid:77)(cid:82)(cid:69)(cid:70)(cid:80)(cid:73)(cid:16)
(cid:87)(cid:88)(cid:69)(cid:70)(cid:80)(cid:73)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:86)(cid:73)(cid:71)(cid:89)(cid:86)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:77)(cid:82)(cid:71)(cid:83)(cid:81)(cid:73)(cid:31)
(cid:136)(cid:3) (cid:37)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:3)(cid:70)(cid:69)(cid:87)(cid:73)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:77)(cid:87)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:84)(cid:86)(cid:77)(cid:81)(cid:69)(cid:86)(cid:77)(cid:80)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:82)(cid:73)(cid:71)(cid:73)(cid:87)(cid:87)(cid:77)(cid:88)(cid:93)(cid:17)(cid:70)(cid:69)(cid:87)(cid:73)(cid:72)(cid:3)
(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:175)(cid:3)(cid:91)(cid:76)(cid:73)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:75)(cid:86)(cid:83)(cid:71)(cid:73)(cid:86)(cid:3)
(cid:83)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:72)(cid:86)(cid:89)(cid:75)(cid:3)(cid:87)(cid:88)(cid:83)(cid:86)(cid:73)(cid:16)(cid:3)(cid:75)(cid:73)(cid:88)(cid:87)(cid:3)(cid:69)(cid:3)(cid:76)(cid:69)(cid:77)(cid:86)(cid:71)(cid:89)(cid:88)(cid:3)(cid:83)(cid:86)(cid:3)(cid:84)(cid:77)(cid:71)(cid:79)(cid:87)(cid:3)(cid:89)(cid:84)(cid:3)(cid:69)(cid:3)(cid:84)(cid:77)(cid:94)(cid:94)(cid:69)(cid:16)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:82)(cid:73)(cid:77)(cid:75)(cid:76)(cid:70)(cid:83)(cid:86)(cid:76)(cid:83)(cid:83)(cid:72)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:89)(cid:82)(cid:77)(cid:88)(cid:93)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)(cid:71)(cid:69)(cid:88)(cid:73)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:88)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:69)(cid:88)(cid:88)(cid:86)(cid:69)(cid:71)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:17)(cid:71)(cid:83)(cid:82)(cid:87)(cid:71)(cid:77)(cid:83)(cid:89)(cid:87)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:73)(cid:86)(cid:18) (cid:59)(cid:73)(cid:3)
(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:80)(cid:77)(cid:81)(cid:77)(cid:88)(cid:73)(cid:72)(cid:3)(cid:73)(cid:92)(cid:84)(cid:83)(cid:87)(cid:89)(cid:86)(cid:73)(cid:3)(cid:88)(cid:83)(cid:3)(cid:69)(cid:82)(cid:93)(cid:3)(cid:83)(cid:82)(cid:73)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:81)(cid:69)(cid:78)(cid:83)(cid:86)(cid:3)
(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:3)(cid:86)(cid:83)(cid:87)(cid:88)(cid:73)(cid:86)(cid:3)(cid:77)(cid:87)(cid:3)(cid:91)(cid:73)(cid:77)(cid:75)(cid:76)(cid:88)(cid:73)(cid:72)(cid:3)(cid:76)(cid:73)(cid:69)(cid:90)(cid:77)(cid:80)(cid:93)(cid:3)(cid:88)(cid:83)(cid:91)(cid:69)(cid:86)(cid:72)(cid:87)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:17)(cid:75)(cid:86)(cid:69)(cid:72)(cid:73)(cid:3)
(cid:71)(cid:86)(cid:73)(cid:72)(cid:77)(cid:88)(cid:87)(cid:31)
(cid:136)(cid:3) (cid:37)(cid:3)(cid:81)(cid:69)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:80)(cid:83)(cid:91)(cid:73)(cid:86)(cid:3)(cid:69)(cid:90)(cid:73)(cid:86)(cid:69)(cid:75)(cid:73)(cid:3)
(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:87)(cid:3)(cid:89)(cid:84)(cid:87)(cid:77)(cid:72)(cid:73)(cid:3)(cid:84)(cid:83)(cid:88)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:80)(cid:3)(cid:77)(cid:82)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:71)(cid:83)(cid:82)(cid:72)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:3)(cid:71)(cid:89)(cid:87)(cid:76)(cid:77)(cid:83)(cid:82)(cid:3)(cid:69)(cid:75)(cid:69)(cid:77)(cid:82)(cid:87)(cid:88)(cid:3)(cid:72)(cid:73)(cid:71)(cid:80)(cid:77)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:91)(cid:73)(cid:69)(cid:79)(cid:3)(cid:83)(cid:82)(cid:73)(cid:87)(cid:31)
(cid:136)(cid:3) (cid:41)(cid:92)(cid:84)(cid:73)(cid:86)(cid:77)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:73)(cid:92)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:87)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:16)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:93)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:86)(cid:73)(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:73)(cid:82)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:89)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:73)(cid:3)(cid:69)(cid:72)(cid:72)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:73)(cid:92)(cid:77)(cid:87)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:31)
(cid:21)(cid:16)(cid:22)(cid:21)(cid:21)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:3)(cid:86)(cid:73)(cid:82)(cid:73)(cid:91)(cid:69)(cid:80)(cid:87)
(cid:3)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:86)(cid:77)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:25)(cid:18)(cid:22)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:87)(cid:85)(cid:89)(cid:69)(cid:86)(cid:73)(cid:3)(cid:74)(cid:73)(cid:73)(cid:88)
(cid:24)
(cid:41) (cid:92)(cid:73)(cid:71) (cid:89) (cid:88)(cid:77)(cid:82) (cid:75) (cid:55)(cid:83) (cid:89)(cid:82) (cid:72) (cid:55)(cid:88) (cid:86)(cid:69)(cid:88) (cid:73)(cid:75)(cid:77)(cid:73) (cid:87)
(cid:38)(cid:69)(cid:86)(cid:70)(cid:69)(cid:86)(cid:69)(cid:3)(cid:49)(cid:18)(cid:3)(cid:52)(cid:83)(cid:83)(cid:80)(cid:73)(cid:93)(cid:16)(cid:3)(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:42)(cid:77)(cid:82)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:10)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:83)(cid:86)(cid:3)(cid:54)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)
(cid:136)(cid:3) (cid:48)(cid:83)(cid:82)(cid:75)(cid:17)(cid:87)(cid:88)(cid:69)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:3)(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:3)(cid:89)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:69)(cid:82)(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)
(cid:71)(cid:83)(cid:81)(cid:84)(cid:73)(cid:88)(cid:77)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:73)(cid:72)(cid:75)(cid:73)(cid:16)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:77)(cid:71)(cid:89)(cid:80)(cid:69)(cid:86)(cid:80)(cid:93)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:89)(cid:86)(cid:86)(cid:73)(cid:82)(cid:88)(cid:3)(cid:73)(cid:82)(cid:90)(cid:77)(cid:86)(cid:83)(cid:82)(cid:81)(cid:73)(cid:82)(cid:88)(cid:31)
(cid:136)(cid:3) (cid:59)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:69)(cid:81)(cid:84)(cid:80)(cid:73)(cid:3)(cid:80)(cid:77)(cid:85)(cid:89)(cid:77)(cid:72)(cid:77)(cid:88)(cid:93)(cid:16)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:69)(cid:71)(cid:71)(cid:73)(cid:87)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:86)(cid:73)(cid:69)(cid:87)(cid:83)(cid:82)(cid:69)(cid:70)(cid:80)(cid:93)(cid:17)(cid:84)(cid:86)(cid:77)(cid:71)(cid:73)(cid:72)(cid:3)
(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:91)(cid:73)(cid:80)(cid:80)(cid:17)(cid:87)(cid:88)(cid:69)(cid:75)(cid:75)(cid:73)(cid:86)(cid:73)(cid:72)(cid:3)(cid:72)(cid:73)(cid:70)(cid:88)(cid:3)(cid:81)(cid:69)(cid:88)(cid:89)(cid:86)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)(cid:18)
(cid:52)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:53)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)
(cid:51)(cid:82)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:79)(cid:73)(cid:93)(cid:3)(cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:87)(cid:3)(cid:17)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:83)(cid:82)(cid:73)(cid:3)(cid:91)(cid:73)(cid:3)(cid:74)(cid:73)(cid:73)(cid:80)(cid:3)(cid:77)(cid:87)(cid:3)(cid:69)(cid:3)(cid:71)(cid:80)(cid:73)(cid:69)(cid:86)(cid:3)
(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:3)(cid:17)(cid:3)(cid:77)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:75)(cid:73)(cid:82)(cid:73)(cid:86)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)
(cid:80)(cid:83)(cid:91)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:69)(cid:90)(cid:73)(cid:86)(cid:69)(cid:75)(cid:73)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:80)(cid:83)(cid:91)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:88)(cid:76)(cid:83)(cid:87)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)
(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:77)(cid:73)(cid:87)(cid:18) (cid:56)(cid:76)(cid:77)(cid:87)(cid:3)(cid:77)(cid:87)(cid:3)(cid:83)(cid:82)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)
(cid:70)(cid:93)(cid:17)(cid:84)(cid:86)(cid:83)(cid:72)(cid:89)(cid:71)(cid:88)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:69)(cid:3)(cid:81)(cid:69)(cid:88)(cid:89)(cid:86)(cid:73)(cid:16)(cid:3)(cid:87)(cid:88)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:91)(cid:73)(cid:86)(cid:73)(cid:3)
(cid:87)(cid:77)(cid:75)(cid:82)(cid:73)(cid:72)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:69)(cid:3)(cid:84)(cid:73)(cid:86)(cid:77)(cid:83)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:18)(cid:3)(cid:3)(cid:48)(cid:83)(cid:91)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:70)(cid:73)(cid:82)(cid:73)(cid:189)(cid:88)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:77)(cid:82)(cid:3)
(cid:88)(cid:91)(cid:83)(cid:3)(cid:91)(cid:69)(cid:93)(cid:87)(cid:30)(cid:3)(cid:88)(cid:76)(cid:73)(cid:93)(cid:3)(cid:71)(cid:83)(cid:82)(cid:88)(cid:86)(cid:77)(cid:70)(cid:89)(cid:88)(cid:73)(cid:3)(cid:89)(cid:84)(cid:87)(cid:77)(cid:72)(cid:73)(cid:3)(cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:93)(cid:3)(cid:91)(cid:76)(cid:73)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)(cid:3)
(cid:73)(cid:92)(cid:84)(cid:77)(cid:86)(cid:73)(cid:3)(cid:91)(cid:76)(cid:73)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:76)(cid:77)(cid:75)(cid:76)(cid:73)(cid:86)(cid:31)(cid:3)(cid:71)(cid:83)(cid:82)(cid:90)(cid:73)(cid:86)(cid:87)(cid:73)(cid:80)(cid:93)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:93)(cid:3)
(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:3)(cid:69)(cid:3)(cid:87)(cid:89)(cid:70)(cid:87)(cid:88)(cid:69)(cid:82)(cid:88)(cid:77)(cid:69)(cid:80)(cid:3)(cid:71)(cid:89)(cid:87)(cid:76)(cid:77)(cid:83)(cid:82)(cid:3)(cid:91)(cid:76)(cid:73)(cid:82)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:3)(cid:84)(cid:86)(cid:73)(cid:87)(cid:87)(cid:89)(cid:86)(cid:73)(cid:3)(cid:175)(cid:3)
(cid:69)(cid:3)(cid:87)(cid:71)(cid:73)(cid:82)(cid:69)(cid:86)(cid:77)(cid:83)(cid:3)(cid:91)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:91)(cid:77)(cid:88)(cid:82)(cid:73)(cid:87)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:83)(cid:72)(cid:69)(cid:93)(cid:3)(cid:77)(cid:82)(cid:3)(cid:71)(cid:73)(cid:86)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)(cid:69)(cid:71)(cid:86)(cid:83)(cid:87)(cid:87)(cid:3)
(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:83)(cid:89)(cid:82)(cid:88)(cid:86)(cid:93)(cid:18) (cid:56)(cid:91)(cid:83)(cid:3)(cid:85)(cid:89)(cid:69)(cid:82)(cid:88)(cid:77)(cid:88)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:91)(cid:69)(cid:93)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:90)(cid:69)(cid:80)(cid:89)(cid:69)(cid:88)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:177)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:178)
(cid:83)(cid:86)(cid:3)(cid:177)(cid:84)(cid:86)(cid:83)(cid:88)(cid:73)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:178)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:70)(cid:73)(cid:80)(cid:83)(cid:91)(cid:17)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:30)(cid:3)(cid:3)(cid:12)(cid:21)(cid:13)(cid:3)(cid:177)(cid:87)(cid:69)(cid:81)(cid:73)(cid:3)(cid:87)(cid:77)(cid:88)(cid:73)(cid:3)
(cid:82)(cid:73)(cid:88)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:71)(cid:83)(cid:81)(cid:73)(cid:16)(cid:178)(cid:3)(cid:91)(cid:76)(cid:77)(cid:71)(cid:76)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:86)(cid:73)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:71)(cid:76)(cid:69)(cid:82)(cid:75)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:77)(cid:82)(cid:71)(cid:83)(cid:81)(cid:73)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:70)(cid:73)(cid:73)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)
(cid:84)(cid:73)(cid:86)(cid:77)(cid:83)(cid:72)(cid:87)(cid:3)(cid:70)(cid:73)(cid:77)(cid:82)(cid:75)(cid:3)(cid:81)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:73)(cid:72)(cid:31)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:12)(cid:22)(cid:13)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:84)(cid:86)(cid:73)(cid:69)(cid:72)(cid:87)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:70)(cid:73)(cid:88)(cid:91)(cid:73)(cid:73)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:82)(cid:3)(cid:69)(cid:3)(cid:87)(cid:84)(cid:69)(cid:71)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:18) (cid:37)(cid:75)(cid:69)(cid:77)(cid:82)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:76)(cid:77)(cid:87)(cid:88)(cid:83)(cid:86)(cid:77)(cid:71)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:86)(cid:73)(cid:84)(cid:83)(cid:86)(cid:88)(cid:73)(cid:72)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:80)(cid:88)(cid:87)(cid:3)(cid:69)(cid:70)(cid:83)(cid:90)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:69)(cid:80)(cid:80)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:87)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:69)(cid:90)(cid:73)(cid:86)(cid:69)(cid:75)(cid:73)(cid:87)(cid:16)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:87)(cid:71)(cid:83)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:80)(cid:93)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:88)(cid:69)(cid:70)(cid:77)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:72)(cid:73)(cid:87)(cid:84)(cid:77)(cid:88)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:88)(cid:89)(cid:86)(cid:70)(cid:89)(cid:80)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:84)(cid:80)(cid:69)(cid:71)(cid:73)(cid:18)
(cid:42)(cid:77)(cid:82)(cid:69)(cid:80)(cid:80)(cid:93)(cid:16)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:3)(cid:87)(cid:84)(cid:69)(cid:71)(cid:73)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:3)
(cid:77)(cid:81)(cid:84)(cid:86)(cid:83)(cid:90)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:80)(cid:80)(cid:83)(cid:91)(cid:69)(cid:82)(cid:71)(cid:73)(cid:87)(cid:3)(cid:86)(cid:73)(cid:85)(cid:89)(cid:77)(cid:86)(cid:73)(cid:87)(cid:3)(cid:69)(cid:3)(cid:76)(cid:77)(cid:75)(cid:76)(cid:73)(cid:86)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:3)(cid:77)(cid:82)(cid:3)(cid:83)(cid:86)(cid:72)(cid:73)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:83)(cid:74)(cid:74)(cid:87)(cid:73)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:73)(cid:92)(cid:84)(cid:73)(cid:82)(cid:72)(cid:77)(cid:88)(cid:89)(cid:86)(cid:73)(cid:87)(cid:18) (cid:59)(cid:73)(cid:3)(cid:84)(cid:86)(cid:73)(cid:74)(cid:73)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:80)(cid:77)(cid:81)(cid:77)(cid:88)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:180)(cid:87)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:3)(cid:80)(cid:83)(cid:91)(cid:73)(cid:86)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:3)(cid:69)(cid:80)(cid:80)(cid:83)(cid:91)(cid:69)(cid:82)(cid:71)(cid:73)(cid:87)(cid:3)
(cid:176)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:80)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:3)(cid:69)(cid:3)(cid:80)(cid:83)(cid:91)(cid:73)(cid:86)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:3)(cid:17)(cid:3)(cid:69)(cid:3)(cid:75)(cid:83)(cid:83)(cid:72)(cid:3)(cid:88)(cid:76)(cid:77)(cid:82)(cid:75)(cid:5)(cid:3)(cid:48)(cid:83)(cid:91)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:16)(cid:3)(cid:91)(cid:76)(cid:73)(cid:82)(cid:3)
(cid:71)(cid:83)(cid:89)(cid:84)(cid:80)(cid:73)(cid:72)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)(cid:72)(cid:73)(cid:81)(cid:83)(cid:75)(cid:86)(cid:69)(cid:84)(cid:76)(cid:77)(cid:71)(cid:87)(cid:16)(cid:3)(cid:77)(cid:82)(cid:17)(cid:189)(cid:80)(cid:80)(cid:3)(cid:80)(cid:83)(cid:71)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)
(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:71)(cid:93)(cid:16)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:79)(cid:73)(cid:93)(cid:3)(cid:77)(cid:82)(cid:75)(cid:86)(cid:73)(cid:72)(cid:77)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:18)
(cid:25)(cid:3)
(cid:21)(cid:22)(cid:18)(cid:23)(cid:3)(cid:81)(cid:77)(cid:80)(cid:80)(cid:77)(cid:83)(cid:82)(cid:3)(cid:87)(cid:85)(cid:89)(cid:69)(cid:86)(cid:73)(cid:3)(cid:74)(cid:73)(cid:73)(cid:88)
(cid:45)(cid:82)(cid:3)(cid:25)(cid:26)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)
(cid:49)(cid:77)(cid:71)(cid:76)(cid:69)(cid:73)(cid:80)(cid:3)(cid:49)(cid:73)(cid:80)(cid:87)(cid:83)(cid:82)(cid:16)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:3)
(cid:47)(cid:54)(cid:39)(cid:3)(cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:40)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:17)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:3)(cid:45)(cid:45)
(cid:55)(cid:83)(cid:80)(cid:77)(cid:72)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:55)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:73)(cid:87)
(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3) (cid:59)(cid:73)(cid:3)(cid:86)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:77)(cid:88)(cid:88)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:92)(cid:84)(cid:69)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:70)(cid:93)(cid:3)(cid:74)(cid:83)(cid:86)(cid:81)(cid:77)(cid:82)(cid:75)(cid:3)(cid:81)(cid:89)(cid:88)(cid:89)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)
(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:83)(cid:89)(cid:87)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:77)(cid:82)(cid:75)(cid:80)(cid:73)(cid:72)(cid:3)(cid:74)(cid:89)(cid:82)(cid:72)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:80)(cid:77)(cid:82)(cid:71)(cid:76)(cid:84)(cid:77)(cid:82)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:93)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:81)(cid:69)(cid:77)(cid:82)(cid:88)(cid:69)(cid:77)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:189)(cid:86)(cid:87)(cid:88)(cid:17)(cid:71)(cid:80)(cid:69)(cid:87)(cid:87)(cid:3)(cid:72)(cid:83)(cid:81)(cid:73)(cid:87)(cid:88)(cid:77)(cid:71)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:74)(cid:83)(cid:86)(cid:73)(cid:77)(cid:75)(cid:82)(cid:3)(cid:77)(cid:82)(cid:87)(cid:88)(cid:77)(cid:88)(cid:89)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:87)(cid:18) (cid:56)(cid:76)(cid:77)(cid:87)(cid:3)(cid:77)(cid:87)(cid:3)
(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:16)(cid:3)(cid:77)(cid:82)(cid:71)(cid:86)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:69)(cid:87)(cid:76)(cid:3)(cid:190)(cid:83)(cid:91)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:69)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:91)(cid:76)(cid:77)(cid:71)(cid:76)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:70)(cid:89)(cid:77)(cid:80)(cid:88)(cid:3)(cid:69)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)(cid:86)(cid:73)(cid:84)(cid:89)(cid:88)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:76)(cid:83)(cid:80)(cid:72)(cid:77)(cid:82)(cid:75)(cid:87)(cid:18) (cid:61)(cid:73)(cid:88)(cid:16) (cid:88)(cid:76)(cid:73)(cid:86)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:72)(cid:77)(cid:81)(cid:73)(cid:82)(cid:87)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:74)(cid:86)(cid:69)(cid:82)(cid:71)(cid:76)(cid:77)(cid:87)(cid:73)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:84)(cid:69)(cid:87)(cid:88)(cid:3)(cid:88)(cid:73)(cid:82)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:18)(cid:3)(cid:3)(cid:46)(cid:83)(cid:77)(cid:82)(cid:88)(cid:17)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)
(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:88)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:73)(cid:3)(cid:69)(cid:90)(cid:73)(cid:82)(cid:89)(cid:73)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:82)(cid:76)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:77)(cid:82)(cid:87)(cid:88)(cid:77)(cid:88)(cid:89)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:79)(cid:73)(cid:73)(cid:84)(cid:87)(cid:3)(cid:89)(cid:87)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:73)(cid:88)(cid:77)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:3)(cid:175)(cid:3)(cid:69)(cid:86)(cid:73)(cid:69)(cid:87)(cid:3)(cid:91)(cid:76)(cid:73)(cid:86)(cid:73)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:73)(cid:72)(cid:3)
(cid:76)(cid:77)(cid:75)(cid:76)(cid:3)(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:73)(cid:82)(cid:76)(cid:69)(cid:82)(cid:71)(cid:73)(cid:87)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:73)(cid:69)(cid:86)(cid:82)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)
(cid:69)(cid:3)(cid:87)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)(cid:74)(cid:86)(cid:69)(cid:82)(cid:71)(cid:76)(cid:77)(cid:87)(cid:73)(cid:16)(cid:3)(cid:69)(cid:3)(cid:189)(cid:86)(cid:87)(cid:88)(cid:17)(cid:81)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:3)(cid:76)(cid:77)(cid:87)(cid:88)(cid:83)(cid:86)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:16)(cid:3)(cid:86)(cid:73)(cid:71)(cid:89)(cid:86)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:93)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:74)(cid:73)(cid:73)(cid:87)(cid:18)
(cid:71)(cid:69)(cid:84)(cid:88)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:89)(cid:71)(cid:71)(cid:73)(cid:87)(cid:87)(cid:74)(cid:89)(cid:80)(cid:3)(cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)(cid:18)
(cid:45)(cid:82)(cid:88)(cid:73)(cid:86)(cid:82)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:3)(cid:3)(cid:3)(cid:51)(cid:89)(cid:86)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:82)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:39)(cid:69)(cid:82)(cid:69)(cid:72)(cid:69)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:70)(cid:73)(cid:82)(cid:73)(cid:189)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:18)
(cid:26)
(cid:45)(cid:82)(cid:3)(cid:69)(cid:72)(cid:72)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:88)(cid:83)(cid:3)(cid:72)(cid:77)(cid:90)(cid:73)(cid:86)(cid:87)(cid:77)(cid:189)(cid:71)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:77)(cid:81)(cid:84)(cid:83)(cid:86)(cid:88)(cid:69)(cid:82)(cid:88)(cid:3)(cid:87)(cid:93)(cid:82)(cid:73)(cid:86)(cid:75)(cid:77)(cid:73)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)
(cid:51)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:87)(cid:88)(cid:77)(cid:71)(cid:3)(cid:54)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:3)(cid:3)(cid:59)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:69)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)
(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:80)(cid:69)(cid:86)(cid:75)(cid:73)(cid:87)(cid:88)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:87)(cid:16)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:39)(cid:69)(cid:82)(cid:69)(cid:72)(cid:69)(cid:3)
(cid:88)(cid:86)(cid:69)(cid:72)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:87)(cid:88)(cid:77)(cid:71)(cid:3)(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:90)(cid:69)(cid:71)(cid:69)(cid:82)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:69)(cid:86)(cid:73)(cid:3)(cid:87)(cid:77)(cid:75)(cid:82)(cid:77)(cid:189)(cid:71)(cid:69)(cid:82)(cid:88)(cid:80)(cid:93)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:17)(cid:87)(cid:88)(cid:83)(cid:86)(cid:73)(cid:72)(cid:3)(cid:91)(cid:76)(cid:73)(cid:82)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:86)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:87)(cid:77)(cid:81)(cid:77)(cid:80)(cid:69)(cid:86)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)
(cid:83)(cid:71)(cid:71)(cid:89)(cid:84)(cid:77)(cid:73)(cid:72)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:87)(cid:3)(cid:83)(cid:91)(cid:82)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:87)(cid:18)(cid:3)(cid:3)(cid:45)(cid:82)(cid:3)(cid:82)(cid:89)(cid:81)(cid:73)(cid:86)(cid:83)(cid:89)(cid:87)(cid:3)
(cid:87)(cid:88)(cid:69)(cid:88)(cid:77)(cid:87)(cid:88)(cid:77)(cid:71)(cid:87)(cid:18) (cid:37)(cid:82)(cid:71)(cid:76)(cid:83)(cid:86)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:87)(cid:16)(cid:3)(cid:87)(cid:89)(cid:71)(cid:76)(cid:3)(cid:69)(cid:87)(cid:3)(cid:59)(cid:69)(cid:80)(cid:17)(cid:49)(cid:69)(cid:86)(cid:88)(cid:16)(cid:3)(cid:44)(cid:83)(cid:81)(cid:73)(cid:3)(cid:40)(cid:73)(cid:84)(cid:83)(cid:88)(cid:16)(cid:3)(cid:38)(cid:73)(cid:87)(cid:88)(cid:3)
(cid:77)(cid:82)(cid:87)(cid:88)(cid:69)(cid:82)(cid:71)(cid:73)(cid:87)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:77)(cid:94)(cid:73)(cid:72)(cid:3)(cid:83)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:38)(cid:89)(cid:93)(cid:16)(cid:3)(cid:48)(cid:83)(cid:91)(cid:73)(cid:87)(cid:16)(cid:3)(cid:39)(cid:83)(cid:87)(cid:88)(cid:71)(cid:83)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:44)(cid:41)(cid:38)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:86)(cid:73)(cid:71)(cid:83)(cid:75)(cid:82)(cid:77)(cid:94)(cid:73)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)
(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:16)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:91)(cid:86)(cid:77)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:73)(cid:92)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:87)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:79)(cid:77)(cid:80)(cid:80)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:77)(cid:94)(cid:73)(cid:3)
(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:87)(cid:3)(cid:73)(cid:81)(cid:70)(cid:73)(cid:72)(cid:72)(cid:73)(cid:72)(cid:3)(cid:77)(cid:82)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:87)(cid:77)(cid:94)(cid:73)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:73)(cid:81)(cid:70)(cid:73)(cid:72)(cid:72)(cid:73)(cid:72)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:16)(cid:3)(cid:91)(cid:76)(cid:77)(cid:80)(cid:73)(cid:3)(cid:87)(cid:88)(cid:86)(cid:89)(cid:71)(cid:88)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)
(cid:71)(cid:83)(cid:82)(cid:88)(cid:77)(cid:82)(cid:89)(cid:73)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:92)(cid:84)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:75)(cid:75)(cid:86)(cid:73)(cid:87)(cid:87)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93)(cid:18)(cid:3)(cid:3)(cid:49)(cid:69)(cid:82)(cid:93)(cid:3)(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:81)(cid:89)(cid:80)(cid:88)(cid:77)(cid:17)
(cid:88)(cid:86)(cid:69)(cid:82)(cid:87)(cid:69)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:70)(cid:73)(cid:82)(cid:73)(cid:189)(cid:88)(cid:73)(cid:72)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:77)(cid:82)(cid:90)(cid:83)(cid:80)(cid:90)(cid:73)(cid:72)(cid:18)(cid:3)(cid:3)(cid:51)(cid:89)(cid:86)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:77)(cid:81)(cid:73)(cid:3)
(cid:82)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:69)(cid:80)(cid:87)(cid:83)(cid:3)(cid:84)(cid:80)(cid:69)(cid:82)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)
(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:3)(cid:86)(cid:73)(cid:71)(cid:83)(cid:75)(cid:82)(cid:77)(cid:94)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:76)(cid:77)(cid:75)(cid:76)(cid:80)(cid:93)(cid:3)(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:88)(cid:86)(cid:69)(cid:82)(cid:87)(cid:69)(cid:71)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:88)(cid:77)(cid:81)(cid:73)(cid:18) (cid:59)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:73)(cid:92)(cid:71)(cid:73)(cid:80)(cid:80)(cid:73)(cid:82)(cid:88)(cid:3)(cid:84)(cid:83)(cid:88)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:80)(cid:3)(cid:88)(cid:83)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:73)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:3)(cid:69)(cid:87)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:86)(cid:77)(cid:87)(cid:73)(cid:3)
(cid:71)(cid:83)(cid:82)(cid:71)(cid:80)(cid:89)(cid:72)(cid:73)(cid:72)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:37)(cid:80)(cid:70)(cid:73)(cid:86)(cid:88)(cid:87)(cid:83)(cid:82)(cid:87)(cid:16)(cid:3)(cid:49)(cid:83)(cid:82)(cid:88)(cid:75)(cid:83)(cid:81)(cid:73)(cid:86)(cid:93)(cid:3)(cid:59)(cid:69)(cid:86)(cid:72)(cid:16)(cid:3)(cid:44)(cid:73)(cid:71)(cid:76)(cid:77)(cid:82)(cid:75)(cid:73)(cid:86)(cid:16)
(cid:88)(cid:83)(cid:3)(cid:86)(cid:73)(cid:190)(cid:73)(cid:71)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:80)(cid:77)(cid:81)(cid:77)(cid:88)(cid:73)(cid:72)(cid:3)(cid:87)(cid:89)(cid:84)(cid:84)(cid:80)(cid:93)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:82)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:18)
(cid:58)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:55)(cid:88)(cid:83)(cid:86)(cid:73)(cid:87)(cid:16)(cid:3)(cid:55)(cid:88)(cid:86)(cid:69)(cid:91)(cid:70)(cid:86)(cid:77)(cid:72)(cid:75)(cid:73)(cid:3)(cid:10)(cid:3)(cid:39)(cid:80)(cid:83)(cid:88)(cid:76)(cid:77)(cid:73)(cid:86)(cid:16)(cid:3)(cid:42)(cid:18)(cid:59)(cid:18) (cid:59)(cid:83)(cid:83)(cid:80)(cid:91)(cid:83)(cid:86)(cid:88)(cid:76)(cid:16)
(cid:43)(cid:83)(cid:80)(cid:72)(cid:3)(cid:39)(cid:77)(cid:86)(cid:71)(cid:80)(cid:73)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:42)(cid:86)(cid:69)(cid:82)(cid:79)(cid:87)(cid:3)(cid:50)(cid:89)(cid:86)(cid:87)(cid:73)(cid:86)(cid:93)(cid:3)(cid:10)(cid:3)(cid:39)(cid:86)(cid:69)(cid:74)(cid:88)(cid:87)(cid:18)
(cid:27)(cid:3)
(cid:177)(cid:59)(cid:73)(cid:3)(cid:84)(cid:80)(cid:69)(cid:71)(cid:73)(cid:3)(cid:75)(cid:86)(cid:73)(cid:69)(cid:88)(cid:3)(cid:86)(cid:73)(cid:80)(cid:77)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:83)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:86)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:88)(cid:86)(cid:89)(cid:71)(cid:88)(cid:89)(cid:86)(cid:73)(cid:18)
(cid:41)(cid:69)(cid:71)(cid:76)(cid:3)(cid:86)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:87)(cid:3)(cid:80)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:69)(cid:3)(cid:87)(cid:73)(cid:69)(cid:87)(cid:83)(cid:82)(cid:73)(cid:72)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:73)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:18)(cid:178)
(cid:39)(cid:83)(cid:82)(cid:83)(cid:86)(cid:3)(cid:42)(cid:80)(cid:93)(cid:82)(cid:82)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)
(cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:91)(cid:73)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:54)(cid:83)(cid:70)(cid:3)(cid:50)(cid:69)(cid:72)(cid:80)(cid:73)(cid:86)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:39)(cid:73)(cid:82)(cid:88)(cid:86)(cid:69)(cid:80)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:56)(cid:83)(cid:81)(cid:3)(cid:55)(cid:77)(cid:81)(cid:81)(cid:83)(cid:82)(cid:87)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:49)(cid:77)(cid:72)(cid:17)(cid:37)(cid:88)(cid:80)(cid:69)(cid:82)(cid:88)(cid:77)(cid:71)(cid:19)(cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:73)(cid:69)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:46)(cid:83)(cid:76)(cid:82)(cid:3)(cid:58)(cid:77)(cid:87)(cid:71)(cid:83)(cid:82)(cid:87)(cid:77)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:52)(cid:69)(cid:71)(cid:77)(cid:189)(cid:71)(cid:3)(cid:55)(cid:83)(cid:89)(cid:88)(cid:76)(cid:91)(cid:73)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:52)(cid:69)(cid:89)(cid:80)(cid:3)(cid:52)(cid:89)(cid:81)(cid:69)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:42)(cid:80)(cid:83)(cid:86)(cid:77)(cid:72)(cid:69)(cid:19)(cid:55)(cid:83)(cid:89)(cid:88)(cid:76)(cid:73)(cid:69)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:59)(cid:77)(cid:88)(cid:76)(cid:3)(cid:22)(cid:28)(cid:3)(cid:189)(cid:73)(cid:80)(cid:72)(cid:3)(cid:80)(cid:83)(cid:71)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:69)(cid:71)(cid:86)(cid:83)(cid:87)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:3)(cid:91)(cid:73)(cid:69)(cid:80)(cid:88)(cid:76)(cid:3)(cid:83)(cid:74)(cid:3)(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:16)
(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:77)(cid:82)(cid:87)(cid:77)(cid:75)(cid:76)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:69)(cid:70)(cid:77)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:88)(cid:83)(cid:3)(cid:189)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:73)(cid:87)(cid:88)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:87)(cid:3)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:70)(cid:73)(cid:87)(cid:88)(cid:3)(cid:89)(cid:87)(cid:73)(cid:87)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:18)
(cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:91)(cid:73)(cid:87)(cid:88)
(cid:52)(cid:69)(cid:71)(cid:77)(cid:189)(cid:71)(cid:3)(cid:55)(cid:83)(cid:89)(cid:88)(cid:76)(cid:91)(cid:73)(cid:87)(cid:88)
(cid:39)(cid:73)(cid:82)(cid:88)(cid:86)(cid:69)(cid:80)
(cid:42)(cid:80)(cid:83)(cid:86)(cid:77)(cid:72)(cid:69)(cid:19)(cid:55)(cid:83)(cid:89)(cid:88)(cid:76)(cid:73)(cid:69)(cid:87)(cid:88)
(cid:49)(cid:77)(cid:72)(cid:17)(cid:37)(cid:88)(cid:80)(cid:69)(cid:82)(cid:88)(cid:77)(cid:71)(cid:3)(cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:73)(cid:69)(cid:87)(cid:88)
(cid:28)
(cid:41) (cid:92)(cid:84)(cid:69)(cid:82) (cid:72)(cid:77)(cid:82) (cid:75) (cid:51)(cid:89)(cid:86) (cid:54)(cid:73)(cid:69) (cid:71) (cid:76)
(cid:55)(cid:71)(cid:83)(cid:88)(cid:88)(cid:3)(cid:51)(cid:82)(cid:89)(cid:74)(cid:86)(cid:73)(cid:93)(cid:16)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)
(cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:40)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:17)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:3)(cid:45)(cid:45)(cid:45)
(cid:55)(cid:88)(cid:86)(cid:83)(cid:82)(cid:75)(cid:3)(cid:56)(cid:73)(cid:69)(cid:81)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:41)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:77)(cid:71)(cid:77)(cid:84)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)
(cid:86)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:88)(cid:86)(cid:89)(cid:71)(cid:88)(cid:89)(cid:86)(cid:73)(cid:18)(cid:3)(cid:3)(cid:41)(cid:69)(cid:71)(cid:76)(cid:3)(cid:86)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:87)(cid:3)(cid:80)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:69)(cid:3)(cid:87)(cid:73)(cid:69)(cid:87)(cid:83)(cid:82)(cid:73)(cid:72)(cid:3)
(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:73)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:91)(cid:76)(cid:83)(cid:3)(cid:72)(cid:86)(cid:77)(cid:90)(cid:73)(cid:87)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:73)(cid:87)(cid:16)
(cid:73)(cid:82)(cid:76)(cid:69)(cid:82)(cid:71)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:87)(cid:84)(cid:73)(cid:71)(cid:77)(cid:69)(cid:80)(cid:77)(cid:87)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:86)(cid:73)(cid:72)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:81)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:87)(cid:77)(cid:88)(cid:73)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:87)(cid:71)(cid:69)(cid:80)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:180)(cid:87)(cid:3)(cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:71)(cid:83)(cid:81)(cid:73)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:77)(cid:88)(cid:16)(cid:3)(cid:76)(cid:69)(cid:87)(cid:3)
(cid:87)(cid:89)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:18) (cid:59)(cid:77)(cid:88)(cid:76)(cid:3)(cid:22)(cid:28)(cid:3)(cid:189)(cid:73)(cid:80)(cid:72)(cid:3)(cid:80)(cid:83)(cid:71)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:69)(cid:71)(cid:86)(cid:83)(cid:87)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:77)(cid:81)(cid:84)(cid:83)(cid:86)(cid:88)(cid:69)(cid:82)(cid:88)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:73)(cid:88)(cid:77)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:87)(cid:18)(cid:3)(cid:3)(cid:38)(cid:89)(cid:88)(cid:3)(cid:88)(cid:76)(cid:73)(cid:86)(cid:73)(cid:3)(cid:77)(cid:87)(cid:3)(cid:83)(cid:82)(cid:73)(cid:3)(cid:69)(cid:72)(cid:72)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)
(cid:69)(cid:3)(cid:91)(cid:73)(cid:69)(cid:80)(cid:88)(cid:76)(cid:3)(cid:83)(cid:74)(cid:3)(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:80)(cid:83)(cid:71)(cid:69)(cid:80)(cid:3)(cid:87)(cid:69)(cid:80)(cid:73)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:70)(cid:86)(cid:83)(cid:79)(cid:73)(cid:86)(cid:87)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:79)(cid:73)(cid:93)(cid:3)(cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:71)(cid:73)(cid:3)(cid:175)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:84)(cid:73)(cid:83)(cid:84)(cid:80)(cid:73)(cid:18) (cid:59)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:70)(cid:80)(cid:73)(cid:87)(cid:87)(cid:73)(cid:72)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:69)(cid:82)(cid:3)(cid:73)(cid:82)(cid:73)(cid:86)(cid:75)(cid:73)(cid:88)(cid:77)(cid:71)(cid:16)
(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:70)(cid:83)(cid:88)(cid:76)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:77)(cid:82)(cid:87)(cid:77)(cid:75)(cid:76)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:69)(cid:70)(cid:77)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:88)(cid:83)(cid:3)(cid:189)(cid:82)(cid:72)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:73)(cid:87)(cid:88)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:72)(cid:73)(cid:72)(cid:77)(cid:71)(cid:69)(cid:88)(cid:73)(cid:72)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:87)(cid:79)(cid:77)(cid:80)(cid:80)(cid:73)(cid:72)(cid:3)(cid:75)(cid:86)(cid:83)(cid:89)(cid:84)(cid:3)(cid:83)(cid:74)(cid:3)(cid:69)(cid:87)(cid:87)(cid:83)(cid:71)(cid:77)(cid:69)(cid:88)(cid:73)(cid:87)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:83)(cid:89)(cid:88)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:70)(cid:73)(cid:87)(cid:88)(cid:3)(cid:89)(cid:87)(cid:73)(cid:87)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:18)
(cid:73)(cid:82)(cid:88)(cid:77)(cid:86)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:18) (cid:59)(cid:73)(cid:3)(cid:80)(cid:77)(cid:82)(cid:79)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:73)(cid:81)(cid:84)(cid:80)(cid:83)(cid:93)(cid:73)(cid:73)(cid:87)(cid:3)(cid:88)(cid:83)(cid:75)(cid:73)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:77)(cid:71)(cid:77)(cid:84)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:49)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:73)(cid:90)(cid:73)(cid:86)(cid:16)(cid:3)(cid:77)(cid:88)(cid:3)(cid:77)(cid:87)(cid:3)(cid:88)(cid:76)(cid:83)(cid:87)(cid:73)(cid:3)(cid:87)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:71)(cid:83)(cid:86)(cid:84)(cid:83)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:71)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:18) (cid:59)(cid:73)(cid:3)(cid:73)(cid:82)(cid:71)(cid:83)(cid:89)(cid:86)(cid:69)(cid:75)(cid:73)(cid:3)(cid:83)(cid:84)(cid:77)(cid:82)(cid:77)(cid:83)(cid:82)(cid:87)(cid:16)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:77)(cid:72)(cid:73)(cid:69)(cid:87)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:73)(cid:82)(cid:87)(cid:89)(cid:87)(cid:3)
(cid:80)(cid:73)(cid:69)(cid:72)(cid:73)(cid:86)(cid:87)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:87)(cid:73)(cid:86)(cid:90)(cid:73)(cid:3)(cid:69)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:69)(cid:71)(cid:79)(cid:70)(cid:83)(cid:82)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:175)(cid:3)(cid:88)(cid:83)(cid:3)(cid:80)(cid:73)(cid:69)(cid:72)(cid:3)
(cid:69)(cid:75)(cid:86)(cid:73)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:31)(cid:3)(cid:88)(cid:83)(cid:3)(cid:81)(cid:69)(cid:79)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:69)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:70)(cid:80)(cid:77)(cid:87)(cid:76)(cid:73)(cid:72)(cid:3)(cid:69)(cid:3)
(cid:88)(cid:76)(cid:73)(cid:77)(cid:86)(cid:3)(cid:88)(cid:73)(cid:69)(cid:81)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:73)(cid:3)(cid:87)(cid:83)(cid:89)(cid:82)(cid:72)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:73)(cid:87)(cid:3)(cid:83)(cid:82)(cid:3)(cid:69)(cid:3)(cid:72)(cid:69)(cid:77)(cid:80)(cid:93)(cid:3)(cid:70)(cid:69)(cid:87)(cid:77)(cid:87)(cid:3)
(cid:39)(cid:83)(cid:86)(cid:84)(cid:83)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:48)(cid:73)(cid:69)(cid:72)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:39)(cid:83)(cid:89)(cid:82)(cid:71)(cid:77)(cid:80)(cid:3)(cid:77)(cid:82)(cid:3)(cid:91)(cid:76)(cid:77)(cid:71)(cid:76)(cid:3)(cid:72)(cid:73)(cid:71)(cid:77)(cid:87)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:83)(cid:82)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:71)(cid:3)
(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:72)(cid:73)(cid:80)(cid:77)(cid:90)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:73)(cid:87)(cid:88)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:86)(cid:73)(cid:87)(cid:89)(cid:80)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:83)(cid:87)(cid:88)(cid:3)
(cid:81)(cid:69)(cid:88)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:83)(cid:84)(cid:73)(cid:82)(cid:80)(cid:93)(cid:3)(cid:72)(cid:73)(cid:70)(cid:69)(cid:88)(cid:73)(cid:72)(cid:18) (cid:59)(cid:73)(cid:3)(cid:84)(cid:80)(cid:69)(cid:71)(cid:73)(cid:3)(cid:75)(cid:86)(cid:73)(cid:69)(cid:88)(cid:3)(cid:86)(cid:73)(cid:80)(cid:77)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:83)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:18)
(cid:56)(cid:83)(cid:84)(cid:3)(cid:49)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)(cid:38)(cid:93)(cid:3)(cid:54)(cid:73)(cid:82)(cid:88)(cid:69)(cid:80)(cid:3)(cid:54)(cid:73)(cid:90)(cid:73)(cid:82)(cid:89)(cid:73)
(cid:55)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:39)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:39)(cid:76)(cid:69)(cid:86)(cid:69)(cid:71)(cid:88)(cid:73)(cid:86)(cid:77)(cid:87)(cid:88)(cid:77)(cid:71)(cid:87)
Canada 7.5%
New York 7.7%
Florida 10.4%
California 14.3%
All Other 33.8%
Big-Box Anchored 10.2%
Junior Anchored 7.7%
Unanchored 1.6%
Drug Store Anchored 1.4%
Outparcel 0.5%
5.5% Power Center with
Grocery Component
12.0% Big-Box Anchored with
Grocery Component
Power Center 30.5%
30.6% Grocery Anchored
5.8% Latin America
5.1% Pennsylvania
4.1% Illinois
4.4% New Jersey
3.6% Puerto Rico
3.1% Ohio
(cid:40)(cid:45) (cid:55)(cid:39)(cid:51)(cid:57)(cid:50) (cid:56) (cid:25)(cid:22)(cid:9)
(cid:24)(cid:28)(cid:9) (cid:43)(cid:54)(cid:51)(cid:39)(cid:41)(cid:54)(cid:61)
(cid:50)(cid:83)(cid:88)(cid:73)(cid:30)(cid:3)(cid:52)(cid:73)(cid:86)(cid:71)(cid:73)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:70)(cid:69)(cid:87)(cid:73)(cid:72)(cid:3)(cid:83)(cid:82)(cid:3)(cid:69)(cid:82)(cid:82)(cid:89)(cid:69)(cid:80)(cid:3)(cid:70)(cid:69)(cid:87)(cid:73)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)
(cid:29)(cid:3)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:54)(cid:83)(cid:69)(cid:72)(cid:3)(cid:38)(cid:69)(cid:71)(cid:79)(cid:169)
(cid:87)(cid:83)(cid:80)(cid:77)(cid:72)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:87)(cid:84)(cid:86)(cid:73)(cid:69)(cid:72)(cid:87)(cid:16)(cid:3)(cid:75)(cid:86)(cid:83)(cid:91)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:87)(cid:83)(cid:89)(cid:86)(cid:71)(cid:73)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:86)(cid:73)(cid:90)(cid:73)(cid:82)(cid:89)(cid:73)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)
(cid:88)(cid:73)(cid:81)(cid:84)(cid:83)(cid:86)(cid:69)(cid:86)(cid:93)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:16) (cid:87)(cid:88)(cid:83)(cid:86)(cid:69)(cid:75)(cid:73)(cid:3)(cid:86)(cid:73)(cid:82)(cid:88)(cid:69)(cid:80)(cid:16) (cid:87)(cid:83)(cid:80)(cid:69)(cid:86)(cid:3)(cid:84)(cid:83)(cid:91)(cid:73)(cid:86)(cid:16) (cid:69)(cid:72)(cid:90)(cid:73)(cid:86)(cid:88)(cid:77)(cid:87)(cid:77)(cid:82)(cid:75)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:37)(cid:74)(cid:88)(cid:73)(cid:86)(cid:3)(cid:81)(cid:69)(cid:82)(cid:93)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)(cid:87)(cid:88)(cid:73)(cid:80)(cid:80)(cid:69)(cid:86)(cid:3)(cid:84)(cid:73)(cid:86)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:82)(cid:71)(cid:73)(cid:16)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:88)(cid:83)(cid:88)(cid:69)(cid:80)(cid:3)(cid:86)(cid:73)(cid:88)(cid:89)(cid:86)(cid:82)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:73)(cid:72)(cid:3)(cid:86)(cid:73)(cid:90)(cid:73)(cid:82)(cid:89)(cid:73)(cid:3)(cid:87)(cid:83)(cid:89)(cid:86)(cid:71)(cid:73)(cid:87)(cid:3)(cid:175)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:83)(cid:87)(cid:88)(cid:87)(cid:18)
(cid:87)(cid:76)(cid:69)(cid:86)(cid:73)(cid:76)(cid:83)(cid:80)(cid:72)(cid:73)(cid:86)(cid:87)(cid:3)(cid:91)(cid:69)(cid:87)(cid:3)(cid:72)(cid:77)(cid:87)(cid:81)(cid:69)(cid:80)(cid:3)(cid:80)(cid:69)(cid:87)(cid:88)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:176)(cid:69)(cid:3)(cid:87)(cid:77)(cid:88)(cid:89)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:77)(cid:87)(cid:3)(cid:82)(cid:83)(cid:88)(cid:3)
(cid:56)(cid:76)(cid:77)(cid:87)(cid:3)(cid:86)(cid:73)(cid:85)(cid:89)(cid:77)(cid:86)(cid:73)(cid:87)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:176)(cid:77)(cid:82)(cid:3)(cid:84)(cid:73)(cid:83)(cid:84)(cid:80)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:77)(cid:82)(cid:71)(cid:73)(cid:82)(cid:88)(cid:77)(cid:90)(cid:73)(cid:87)(cid:16)(cid:3)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:88)(cid:83)(cid:80)(cid:73)(cid:86)(cid:69)(cid:70)(cid:80)(cid:73)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:90)(cid:73)(cid:86)(cid:93)(cid:3)(cid:72)(cid:77)(cid:87)(cid:69)(cid:84)(cid:84)(cid:83)(cid:77)(cid:82)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:83)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:83)(cid:74)(cid:3)(cid:89)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:18)
(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:77)(cid:82)(cid:3)(cid:84)(cid:86)(cid:83)(cid:71)(cid:73)(cid:87)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:73)(cid:71)(cid:76)(cid:82)(cid:83)(cid:80)(cid:83)(cid:75)(cid:93)(cid:31)
(cid:37)(cid:3)(cid:71)(cid:80)(cid:73)(cid:69)(cid:86)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:93)(cid:3)(cid:81)(cid:73)(cid:69)(cid:82)(cid:87)(cid:3)(cid:80)(cid:77)(cid:88)(cid:88)(cid:80)(cid:73)(cid:3)(cid:77)(cid:74)(cid:3)(cid:91)(cid:73)(cid:3)(cid:72)(cid:83)(cid:3)(cid:82)(cid:83)(cid:88)(cid:3)(cid:73)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:73)(cid:3)(cid:175)(cid:3)(cid:70)(cid:89)(cid:88)(cid:3)(cid:91)(cid:73)(cid:3)
(cid:77)(cid:82)(cid:88)(cid:73)(cid:82)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:73)(cid:5)(cid:3)(cid:51)(cid:89)(cid:86)(cid:3)(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)(cid:71)(cid:80)(cid:73)(cid:69)(cid:86)(cid:30)
(cid:136)(cid:3) (cid:42)(cid:83)(cid:71)(cid:89)(cid:87)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:86)(cid:73)(cid:87)(cid:83)(cid:89)(cid:86)(cid:71)(cid:73)(cid:87)(cid:3)(cid:83)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:177)(cid:90)(cid:77)(cid:88)(cid:69)(cid:80)(cid:87)(cid:178)(cid:176)
(cid:77)(cid:82)(cid:71)(cid:86)(cid:73)(cid:69)(cid:87)(cid:73)(cid:3)(cid:83)(cid:71)(cid:71)(cid:89)(cid:84)(cid:69)(cid:82)(cid:71)(cid:93)(cid:3)(cid:70)(cid:93)(cid:3)(cid:189)(cid:80)(cid:80)(cid:77)(cid:82)(cid:75)(cid:3)(cid:90)(cid:69)(cid:71)(cid:69)(cid:82)(cid:88)(cid:3)(cid:87)(cid:84)(cid:69)(cid:71)(cid:73)(cid:87)(cid:16)(cid:3)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:75)(cid:83)(cid:83)(cid:72)(cid:3)
(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:87)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:3)(cid:86)(cid:73)(cid:82)(cid:73)(cid:91)(cid:69)(cid:80)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:73)(cid:92)(cid:73)(cid:86)(cid:71)(cid:77)(cid:87)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:84)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:16)
(cid:86)(cid:73)(cid:69)(cid:80)(cid:77)(cid:94)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:73)(cid:82)(cid:73)(cid:189)(cid:88)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:70)(cid:73)(cid:80)(cid:83)(cid:91)(cid:17)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)
(cid:136)(cid:3) (cid:54)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:82)(cid:83)(cid:82)(cid:17)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:76)(cid:83)(cid:80)(cid:72)(cid:77)(cid:82)(cid:75)(cid:87)(cid:18) (cid:37)(cid:87)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:73)(cid:189)(cid:82)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:77)(cid:71)(cid:3)(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:16)(cid:3)(cid:91)(cid:73)(cid:3)(cid:76)(cid:69)(cid:90)(cid:73)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:77)(cid:88)(cid:88)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:72)(cid:77)(cid:87)(cid:84)(cid:83)(cid:87)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:82)(cid:83)(cid:82)(cid:17)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:69)(cid:3)(cid:72)(cid:77)(cid:87)(cid:71)(cid:77)(cid:84)(cid:80)(cid:77)(cid:82)(cid:73)(cid:72)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:81)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:73)(cid:72)(cid:3)
(cid:91)(cid:69)(cid:93)(cid:3)(cid:83)(cid:90)(cid:73)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:82)(cid:73)(cid:92)(cid:88)(cid:3)(cid:88)(cid:91)(cid:83)(cid:3)(cid:88)(cid:83)(cid:3)(cid:74)(cid:83)(cid:89)(cid:86)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:18)(cid:3)(cid:3)(cid:3)(cid:45)(cid:88)(cid:3)(cid:77)(cid:87)(cid:3)(cid:77)(cid:81)(cid:84)(cid:83)(cid:86)(cid:88)(cid:69)(cid:82)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:86)(cid:73)(cid:71)(cid:83)(cid:75)(cid:82)(cid:77)(cid:94)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:177)(cid:82)(cid:83)(cid:82)(cid:17)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:178)(cid:3)(cid:72)(cid:83)(cid:73)(cid:87)(cid:3)(cid:82)(cid:83)(cid:88)(cid:3)(cid:81)(cid:73)(cid:69)(cid:82)(cid:3)(cid:177)(cid:82)(cid:83)(cid:88)(cid:3)(cid:73)(cid:69)(cid:86)(cid:82)(cid:77)(cid:82)(cid:75)(cid:178)
(cid:83)(cid:86)(cid:3)(cid:177)(cid:82)(cid:83)(cid:88)(cid:3)(cid:75)(cid:83)(cid:83)(cid:72)(cid:18)(cid:178)(cid:56)(cid:76)(cid:77)(cid:87)(cid:3)(cid:84)(cid:83)(cid:86)(cid:88)(cid:74)(cid:83)(cid:80)(cid:77)(cid:83)(cid:3)(cid:83)(cid:74)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:77)(cid:87)(cid:3)(cid:72)(cid:77)(cid:90)(cid:73)(cid:86)(cid:87)(cid:73)(cid:16)
(cid:75)(cid:73)(cid:82)(cid:73)(cid:86)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:71)(cid:83)(cid:82)(cid:88)(cid:86)(cid:77)(cid:70)(cid:89)(cid:88)(cid:73)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:82)(cid:73)(cid:88)(cid:3)(cid:73)(cid:69)(cid:86)(cid:82)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:83)(cid:81)(cid:84)(cid:86)(cid:77)(cid:87)(cid:73)(cid:87)(cid:3)(cid:80)(cid:73)(cid:87)(cid:87)(cid:3)
(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:29)(cid:9)(cid:3)(cid:83)(cid:74)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:88)(cid:83)(cid:88)(cid:69)(cid:80)(cid:3)(cid:70)(cid:69)(cid:80)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:87)(cid:76)(cid:73)(cid:73)(cid:88)(cid:18)(cid:3)(cid:3)(cid:3)(cid:44)(cid:83)(cid:91)(cid:73)(cid:90)(cid:73)(cid:86)(cid:16)(cid:3)(cid:81)(cid:83)(cid:82)(cid:73)(cid:88)(cid:77)(cid:94)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:21)(cid:24)
(cid:21)(cid:20)
(cid:37) (cid:55)(cid:56)(cid:54)(cid:51)(cid:50)(cid:43) (cid:42)(cid:45)(cid:50)(cid:37)(cid:50)(cid:39)(cid:45)(cid:37)(cid:48) (cid:42)(cid:51)(cid:57)(cid:50)(cid:40)(cid:37)(cid:56)(cid:45)(cid:51)(cid:50)
(cid:29)(cid:22)(cid:9)(cid:3)(cid:83)(cid:74)(cid:3)(cid:57)(cid:18)(cid:55)(cid:18)(cid:3)(cid:43)(cid:48)(cid:37)(cid:3)(cid:77)(cid:82)(cid:3)(cid:189)(cid:86)(cid:87)(cid:88)(cid:3)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:87)(cid:89)(cid:70)(cid:89)(cid:86)(cid:70)(cid:69)(cid:82)(cid:3)(cid:71)(cid:83)(cid:81)(cid:81)(cid:89)(cid:82)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)
(cid:38)(cid:77)(cid:69)(cid:87)(cid:3)(cid:88)(cid:83)(cid:91)(cid:69)(cid:86)(cid:72)(cid:87)(cid:3)(cid:76)(cid:77)(cid:75)(cid:76)(cid:3)(cid:71)(cid:86)(cid:73)(cid:72)(cid:77)(cid:88)(cid:3)(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:87)(cid:3)(cid:89)(cid:82)(cid:72)(cid:73)(cid:86)(cid:3)(cid:80)(cid:83)(cid:82)(cid:75)(cid:17)(cid:88)(cid:73)(cid:86)(cid:81)(cid:3)(cid:80)(cid:73)(cid:69)(cid:87)(cid:73)(cid:87)
(cid:88)(cid:76)(cid:73)(cid:87)(cid:73)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:76)(cid:73)(cid:80)(cid:84)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:3)(cid:80)(cid:73)(cid:90)(cid:73)(cid:86)(cid:69)(cid:75)(cid:73)(cid:16)(cid:3)(cid:87)(cid:88)(cid:86)(cid:73)(cid:82)(cid:75)(cid:88)(cid:76)(cid:73)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:136)(cid:3) (cid:41)(cid:87)(cid:88)(cid:69)(cid:70)(cid:80)(cid:77)(cid:87)(cid:76)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:77)(cid:82)(cid:87)(cid:88)(cid:77)(cid:88)(cid:89)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:87)(cid:18)
(cid:70)(cid:69)(cid:80)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:87)(cid:76)(cid:73)(cid:73)(cid:88)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:77)(cid:87)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:77)(cid:87)(cid:88)(cid:73)(cid:82)(cid:88)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:73)(cid:75)(cid:93)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:37)(cid:87)(cid:3)(cid:82)(cid:83)(cid:88)(cid:73)(cid:72)(cid:3)(cid:73)(cid:69)(cid:86)(cid:80)(cid:77)(cid:73)(cid:86)(cid:16)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:84)(cid:80)(cid:69)(cid:88)(cid:74)(cid:83)(cid:86)(cid:81)(cid:3)
(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:3)(cid:73)(cid:92)(cid:71)(cid:80)(cid:89)(cid:87)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93)(cid:3)(cid:83)(cid:82)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)
(cid:86)(cid:73)(cid:84)(cid:86)(cid:73)(cid:87)(cid:73)(cid:82)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:3)(cid:77)(cid:81)(cid:84)(cid:83)(cid:86)(cid:88)(cid:69)(cid:82)(cid:88)(cid:3)(cid:47)(cid:77)(cid:81)(cid:71)(cid:83)(cid:3)(cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:88)(cid:83)(cid:86)(cid:18) (cid:59)(cid:73)(cid:3)(cid:69)(cid:86)(cid:73)(cid:3)
(cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)(cid:31)
(cid:136)(cid:3) (cid:54)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:3)(cid:80)(cid:73)(cid:90)(cid:73)(cid:86)(cid:69)(cid:75)(cid:73)(cid:18) (cid:59)(cid:73)(cid:3)(cid:72)(cid:73)(cid:88)(cid:73)(cid:86)(cid:81)(cid:77)(cid:82)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:69)(cid:84)(cid:84)(cid:86)(cid:83)(cid:84)(cid:86)(cid:77)(cid:69)(cid:88)(cid:73)(cid:82)(cid:73)(cid:87)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:83)(cid:89)(cid:86)(cid:3)(cid:80)(cid:73)(cid:90)(cid:73)(cid:86)(cid:69)(cid:75)(cid:73)(cid:3)(cid:70)(cid:93)(cid:3)(cid:81)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:70)(cid:73)(cid:88)(cid:91)(cid:73)(cid:73)(cid:82)(cid:3)(cid:50)(cid:73)(cid:88)(cid:3)
(cid:40)(cid:73)(cid:70)(cid:88)(cid:3)(cid:12)(cid:72)(cid:73)(cid:70)(cid:88)(cid:3)(cid:83)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:70)(cid:69)(cid:80)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:87)(cid:76)(cid:73)(cid:73)(cid:88)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:72)(cid:3)(cid:70)(cid:93)(cid:3)(cid:71)(cid:69)(cid:87)(cid:76)(cid:13)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:41)(cid:38)(cid:45)(cid:56)(cid:40)(cid:37)(cid:16)(cid:3)(cid:69)(cid:3)(cid:88)(cid:86)(cid:69)(cid:72)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:81)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:73)(cid:69)(cid:86)(cid:82)(cid:77)(cid:82)(cid:75)(cid:87)(cid:3)(cid:70)(cid:73)(cid:74)(cid:83)(cid:86)(cid:73)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:3)
(cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:73)(cid:72)(cid:3)(cid:83)(cid:82)(cid:3)(cid:73)(cid:92)(cid:84)(cid:69)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:86)(cid:73)(cid:69)(cid:71)(cid:76)(cid:3)(cid:88)(cid:83)(cid:3)(cid:77)(cid:82)(cid:71)(cid:80)(cid:89)(cid:72)(cid:73)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:87)(cid:83)(cid:89)(cid:86)(cid:71)(cid:73)(cid:87)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:77)(cid:82)(cid:87)(cid:88)(cid:77)(cid:88)(cid:89)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:18) (cid:37)(cid:71)(cid:71)(cid:73)(cid:87)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:82)(cid:73)(cid:91)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:88)(cid:3)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:86)(cid:73)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)
(cid:69)(cid:80)(cid:80)(cid:83)(cid:91)(cid:3)(cid:89)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:73)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:84)(cid:86)(cid:83)(cid:189)(cid:88)(cid:69)(cid:70)(cid:80)(cid:93)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:81)(cid:69)(cid:77)(cid:82)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)
(cid:83)(cid:91)(cid:82)(cid:73)(cid:86)(cid:87)(cid:76)(cid:77)(cid:84)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:73)(cid:92)(cid:77)(cid:87)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:84)(cid:86)(cid:83)(cid:84)(cid:73)(cid:86)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)
(cid:87)(cid:76)(cid:83)(cid:89)(cid:80)(cid:72)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:71)(cid:89)(cid:86)(cid:86)(cid:73)(cid:82)(cid:88)(cid:3)(cid:84)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:87)(cid:3)(cid:91)(cid:77)(cid:87)(cid:76)(cid:3)(cid:88)(cid:83)(cid:3)(cid:73)(cid:92)(cid:77)(cid:88)(cid:31)
(cid:69)(cid:82)(cid:72)(cid:3)(cid:72)(cid:73)(cid:84)(cid:86)(cid:73)(cid:71)(cid:77)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:18)(cid:3)(cid:3)(cid:51)(cid:89)(cid:86)(cid:3)(cid:75)(cid:83)(cid:69)(cid:80)(cid:3)(cid:77)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:86)(cid:73)(cid:72)(cid:89)(cid:71)(cid:73)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:86)(cid:69)(cid:88)(cid:77)(cid:83)(cid:3)(cid:83)(cid:74)(cid:3)(cid:50)(cid:73)(cid:88)(cid:3)
(cid:136)(cid:3) (cid:54)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:3)(cid:84)(cid:83)(cid:77)(cid:87)(cid:73)(cid:72)(cid:3)(cid:88)(cid:83)(cid:3)(cid:88)(cid:69)(cid:79)(cid:73)(cid:3)(cid:69)(cid:72)(cid:90)(cid:69)(cid:82)(cid:88)(cid:69)(cid:75)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75)(cid:3)(cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:40)(cid:73)(cid:70)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:41)(cid:38)(cid:45)(cid:56)(cid:40)(cid:37)(cid:3)(cid:88)(cid:83)(cid:3)(cid:26)(cid:3)(cid:88)(cid:77)(cid:81)(cid:73)(cid:87)(cid:3)(cid:70)(cid:93)(cid:3)(cid:22)(cid:20)(cid:21)(cid:22)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:71)(cid:80)(cid:83)(cid:87)(cid:73)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:25)(cid:3)(cid:88)(cid:77)(cid:81)(cid:73)(cid:87)(cid:3)
(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:73)(cid:86)(cid:17)(cid:83)(cid:91)(cid:82)(cid:73)(cid:72)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:77)(cid:82)(cid:3)(cid:69)(cid:3)(cid:88)(cid:89)(cid:81)(cid:89)(cid:80)(cid:88)(cid:89)(cid:83)(cid:89)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:70)(cid:93)(cid:3)(cid:22)(cid:20)(cid:21)(cid:24)(cid:18) (cid:56)(cid:76)(cid:77)(cid:87)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:70)(cid:73)(cid:3)(cid:69)(cid:71)(cid:71)(cid:83)(cid:81)(cid:84)(cid:80)(cid:77)(cid:87)(cid:76)(cid:73)(cid:72)(cid:3)(cid:88)(cid:76)(cid:86)(cid:83)(cid:89)(cid:75)(cid:76)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:75)(cid:86)(cid:83)(cid:91)(cid:88)(cid:76)(cid:3)(cid:77)(cid:82)(cid:3)
(cid:71)(cid:76)(cid:69)(cid:82)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)(cid:73)(cid:82)(cid:90)(cid:77)(cid:86)(cid:83)(cid:82)(cid:81)(cid:73)(cid:82)(cid:88)(cid:18)
(cid:82)(cid:73)(cid:88)(cid:3)(cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:71)(cid:83)(cid:81)(cid:73)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:72)(cid:77)(cid:87)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:82)(cid:83)(cid:82)(cid:17)(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:3)(cid:69)(cid:82)(cid:72)(cid:16)
(cid:91)(cid:76)(cid:73)(cid:86)(cid:73)(cid:3)(cid:69)(cid:84)(cid:84)(cid:86)(cid:83)(cid:84)(cid:86)(cid:77)(cid:69)(cid:88)(cid:73)(cid:16)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:89)(cid:87)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:73)(cid:85)(cid:89)(cid:77)(cid:88)(cid:93)(cid:3)(cid:69)(cid:87)(cid:3)(cid:75)(cid:86)(cid:83)(cid:91)(cid:88)(cid:76)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)
(cid:82)(cid:73)(cid:91)(cid:3)(cid:90)(cid:69)(cid:80)(cid:89)(cid:73)(cid:17)(cid:71)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:71)(cid:88)(cid:77)(cid:90)(cid:77)(cid:88)(cid:93)(cid:31)
(cid:22)(cid:20)(cid:20)(cid:29) (cid:37)(cid:50)(cid:50)(cid:57)(cid:37)(cid:48) (cid:54)(cid:41)(cid:52)(cid:51)(cid:54)(cid:56)
(cid:21)(cid:21)
(cid:21)(cid:21)(cid:3)
(cid:37)(cid:75)(cid:75) (cid:86)(cid:73)(cid:87)(cid:87)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93) (cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:72) (cid:10) (cid:39)(cid:83)(cid:82)(cid:87)(cid:73)(cid:86) (cid:90)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93) (cid:42) (cid:77)(cid:82) (cid:69)(cid:82)(cid:71) (cid:73)(cid:72)
(cid:12)(cid:74)(cid:73)(cid:69)(cid:88)(cid:89)(cid:86)(cid:73)(cid:72)(cid:3)(cid:77)(cid:82)(cid:3)(cid:84)(cid:76)(cid:83)(cid:88)(cid:83)(cid:87)(cid:16)(cid:3)(cid:80)(cid:73)(cid:74)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:86)(cid:77)(cid:75)(cid:76)(cid:88)(cid:13)(cid:3)(cid:38)(cid:86)(cid:89)(cid:71)(cid:73)(cid:3)(cid:54)(cid:89)(cid:70)(cid:73)(cid:82)(cid:87)(cid:88)(cid:73)(cid:77)(cid:82)(cid:16)(cid:3)(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:43)(cid:73)(cid:82)(cid:73)(cid:86)(cid:69)(cid:80)(cid:3)(cid:39)(cid:83)(cid:89)(cid:82)(cid:87)(cid:73)(cid:80)(cid:3)(cid:10)(cid:3)(cid:55)(cid:73)(cid:71)(cid:86)(cid:73)(cid:88)(cid:69)(cid:86)(cid:93)(cid:31)
(cid:43)(cid:80)(cid:73)(cid:82)(cid:82)(cid:3)(cid:43)(cid:18)(cid:3)(cid:39)(cid:83)(cid:76)(cid:73)(cid:82)(cid:16)(cid:3)(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:56)(cid:86)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:73)(cid:86)(cid:3)(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:37)(cid:71)(cid:71)(cid:83)(cid:89)(cid:82)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:51)(cid:74)(cid:189)(cid:71)(cid:73)(cid:86)
(cid:169)(cid:56)(cid:76)(cid:73)(cid:3)(cid:54)(cid:83)(cid:69)(cid:72)(cid:3)(cid:37)(cid:76)(cid:73)(cid:69)(cid:72)
(cid:56)(cid:76)(cid:73)(cid:3)(cid:91)(cid:83)(cid:86)(cid:80)(cid:72)(cid:3)(cid:77)(cid:87)(cid:3)(cid:69)(cid:91)(cid:69)(cid:87)(cid:76)(cid:3)(cid:77)(cid:82)(cid:3)(cid:77)(cid:82)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:175)(cid:3)(cid:74)(cid:86)(cid:73)(cid:85)(cid:89)(cid:73)(cid:82)(cid:88)(cid:80)(cid:93)(cid:3)(cid:72)(cid:73)(cid:80)(cid:77)(cid:90)(cid:73)(cid:86)(cid:73)(cid:72)(cid:3)
(cid:71)(cid:83)(cid:82)(cid:87)(cid:73)(cid:86)(cid:90)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93) (cid:189)(cid:82)(cid:69)(cid:82)(cid:71)(cid:73)(cid:72) (cid:91)(cid:77)(cid:80)(cid:80) (cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73) (cid:87)(cid:69)(cid:74)(cid:73) (cid:69)(cid:82)(cid:72) (cid:72)(cid:89)(cid:86)(cid:69)(cid:70)(cid:80)(cid:73) (cid:71)(cid:69)(cid:87)(cid:76) (cid:190)(cid:83)(cid:91)(cid:16)
(cid:77)(cid:82)(cid:87)(cid:88)(cid:69)(cid:82)(cid:88)(cid:69)(cid:82)(cid:73)(cid:83)(cid:89)(cid:87)(cid:80)(cid:93)(cid:3)(cid:175)(cid:3)(cid:82)(cid:83)(cid:91)(cid:16)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:73)(cid:90)(cid:73)(cid:86)(cid:18) (cid:61)(cid:73)(cid:88)(cid:16)(cid:3)(cid:73)(cid:90)(cid:73)(cid:82)(cid:3)(cid:91)(cid:77)(cid:88)(cid:76)(cid:3)(cid:69)(cid:80)(cid:80)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:69)(cid:87) (cid:91)(cid:73)(cid:80)(cid:80) (cid:69)(cid:87) (cid:88)(cid:76)(cid:73) (cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:93) (cid:88)(cid:83) (cid:75)(cid:86)(cid:83)(cid:91) (cid:88)(cid:76)(cid:69)(cid:88) (cid:71)(cid:69)(cid:87)(cid:76) (cid:190)(cid:83)(cid:91) (cid:69)(cid:82)(cid:72) (cid:77)(cid:82)(cid:71)(cid:86)(cid:73)(cid:69)(cid:87)(cid:73)(cid:3)
(cid:72)(cid:69)(cid:88)(cid:69)(cid:3)(cid:77)(cid:82)(cid:3)(cid:74)(cid:86)(cid:83)(cid:82)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:89)(cid:87)(cid:16)(cid:3)(cid:77)(cid:88)(cid:3)(cid:87)(cid:73)(cid:73)(cid:81)(cid:87)(cid:3)(cid:77)(cid:88)(cid:3)(cid:77)(cid:87)(cid:3)(cid:77)(cid:82)(cid:71)(cid:86)(cid:73)(cid:69)(cid:87)(cid:77)(cid:82)(cid:75)(cid:80)(cid:93)(cid:3)(cid:72)(cid:77)(cid:74)(cid:189)(cid:71)(cid:89)(cid:80)(cid:88)(cid:3)(cid:88)(cid:83)(cid:3)(cid:84)(cid:86)(cid:73)(cid:72)(cid:77)(cid:71)(cid:88)(cid:3)
(cid:90)(cid:69)(cid:80)(cid:89)(cid:73) (cid:83)(cid:90)(cid:73)(cid:86) (cid:88)(cid:77)(cid:81)(cid:73)(cid:18) (cid:56)(cid:76)(cid:73) (cid:84)(cid:69)(cid:87)(cid:88) (cid:88)(cid:91)(cid:83) (cid:93)(cid:73)(cid:69)(cid:86)(cid:87) (cid:76)(cid:69)(cid:90)(cid:73) (cid:86)(cid:73)(cid:81)(cid:77)(cid:82)(cid:72)(cid:73)(cid:72) (cid:89)(cid:87) (cid:88)(cid:76)(cid:69)(cid:88) (cid:86)(cid:73)(cid:69)(cid:80)(cid:3)
(cid:88)(cid:76)(cid:73)(cid:3)(cid:74)(cid:89)(cid:88)(cid:89)(cid:86)(cid:73)(cid:18) (cid:59)(cid:77)(cid:80)(cid:80)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:73)(cid:81)(cid:73)(cid:86)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)(cid:73)(cid:71)(cid:83)(cid:82)(cid:83)(cid:81)(cid:77)(cid:71)(cid:3)(cid:86)(cid:73)(cid:71)(cid:83)(cid:90)(cid:73)(cid:86)(cid:93)(cid:3)(cid:87)(cid:89)(cid:87)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:77)(cid:88)(cid:87)(cid:73)(cid:80)(cid:74)(cid:35)(cid:3)
(cid:73)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73) (cid:86)(cid:73)(cid:81)(cid:69)(cid:77)(cid:82)(cid:87) (cid:69) (cid:71)(cid:93)(cid:71)(cid:80)(cid:77)(cid:71)(cid:69)(cid:80) (cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:16) (cid:69)(cid:82)(cid:72) (cid:91)(cid:77)(cid:88)(cid:76) (cid:73)(cid:69)(cid:71)(cid:76) (cid:71)(cid:93)(cid:71)(cid:80)(cid:73) (cid:91)(cid:73) (cid:80)(cid:73)(cid:69)(cid:86)(cid:82)(cid:3)
(cid:59)(cid:76)(cid:73)(cid:82)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:86)(cid:73)(cid:69)(cid:80)(cid:3)(cid:78)(cid:83)(cid:70)(cid:3)(cid:75)(cid:86)(cid:83)(cid:91)(cid:88)(cid:76)(cid:3)(cid:70)(cid:73)(cid:75)(cid:77)(cid:82)(cid:35)(cid:3)(cid:3)(cid:44)(cid:83)(cid:91)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:81)(cid:73)(cid:86)(cid:87)(cid:3)(cid:86)(cid:73)(cid:69)(cid:71)(cid:88)(cid:35)(cid:3)
(cid:87)(cid:83)(cid:81)(cid:73)(cid:88)(cid:76)(cid:77)(cid:82)(cid:75) (cid:88)(cid:83) (cid:88)(cid:69)(cid:79)(cid:73) (cid:91)(cid:77)(cid:88)(cid:76) (cid:89)(cid:87) (cid:83)(cid:82) (cid:88)(cid:76)(cid:73) (cid:86)(cid:83)(cid:69)(cid:72) (cid:74)(cid:83)(cid:86)(cid:91)(cid:69)(cid:86)(cid:72)(cid:18)(cid:59)(cid:73) (cid:87)(cid:73)(cid:73) (cid:82)(cid:83)(cid:91)(cid:16)
(cid:44)(cid:83)(cid:91)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)(cid:83)(cid:89)(cid:86)(cid:3)(cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88)(cid:87)(cid:3)(cid:70)(cid:73)(cid:3)(cid:69)(cid:74)(cid:74)(cid:73)(cid:71)(cid:88)(cid:73)(cid:72)(cid:35)(cid:3)(cid:39)(cid:69)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:71)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:81)(cid:69)(cid:86)(cid:79)(cid:73)(cid:88)(cid:87)(cid:3)
(cid:81)(cid:83)(cid:86)(cid:73) (cid:88)(cid:76)(cid:69)(cid:82) (cid:73)(cid:90)(cid:73)(cid:86)(cid:16) (cid:91)(cid:76)(cid:69)(cid:88) (cid:72)(cid:77)(cid:74)(cid:74)(cid:73)(cid:86)(cid:73)(cid:82)(cid:88)(cid:77)(cid:69)(cid:88)(cid:73)(cid:87) (cid:89)(cid:87)(cid:18)(cid:56)(cid:76)(cid:73) (cid:73)(cid:82)(cid:88)(cid:77)(cid:86)(cid:73) (cid:47)(cid:77)(cid:81)(cid:71)(cid:83) (cid:83)(cid:86)(cid:75)(cid:69)(cid:82)(cid:77)(cid:94)(cid:69)(cid:17)
(cid:86)(cid:73)(cid:88)(cid:69)(cid:77)(cid:82)(cid:3)(cid:88)(cid:76)(cid:73)(cid:77)(cid:86)(cid:3)(cid:86)(cid:73)(cid:71)(cid:73)(cid:82)(cid:88)(cid:3)(cid:87)(cid:88)(cid:86)(cid:73)(cid:82)(cid:75)(cid:88)(cid:76)(cid:35)(cid:3)(cid:3)(cid:59)(cid:77)(cid:80)(cid:80)(cid:3)(cid:83)(cid:84)(cid:84)(cid:83)(cid:86)(cid:88)(cid:89)(cid:82)(cid:77)(cid:88)(cid:77)(cid:73)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:69)(cid:71)(cid:85)(cid:89)(cid:77)(cid:86)(cid:73)(cid:3)
(cid:88)(cid:77)(cid:83)(cid:82) (cid:77)(cid:87) (cid:71)(cid:83)(cid:81)(cid:81)(cid:77)(cid:88)(cid:88)(cid:73)(cid:72) (cid:88)(cid:83) (cid:72)(cid:73)(cid:80)(cid:77)(cid:90)(cid:73)(cid:86)(cid:77)(cid:82)(cid:75) (cid:91)(cid:76)(cid:69)(cid:88) (cid:77)(cid:87) (cid:73)(cid:92)(cid:84)(cid:73)(cid:71)(cid:88)(cid:73)(cid:72) (cid:83)(cid:74) (cid:89)(cid:87)(cid:16) (cid:69)(cid:82)(cid:72) (cid:72)(cid:83)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:85)(cid:89)(cid:69)(cid:80)(cid:77)(cid:88)(cid:93)(cid:3)(cid:69)(cid:87)(cid:87)(cid:73)(cid:88)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)(cid:69)(cid:88)(cid:88)(cid:86)(cid:69)(cid:71)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:84)(cid:86)(cid:77)(cid:71)(cid:73)(cid:87)(cid:3)(cid:73)(cid:90)(cid:73)(cid:82)(cid:88)(cid:89)(cid:69)(cid:80)(cid:80)(cid:93)(cid:3)(cid:87)(cid:89)(cid:86)(cid:74)(cid:69)(cid:71)(cid:73)(cid:35)(cid:3)(cid:3)(cid:59)(cid:76)(cid:69)(cid:88)(cid:3)(cid:91)(cid:77)(cid:80)(cid:80)(cid:3)
(cid:87)(cid:83) (cid:91)(cid:77)(cid:88)(cid:76)(cid:77)(cid:82) (cid:88)(cid:76)(cid:73)(cid:87)(cid:73) (cid:71)(cid:83)(cid:86)(cid:73) (cid:84)(cid:86)(cid:77)(cid:82)(cid:71)(cid:77)(cid:84)(cid:80)(cid:73)(cid:87)(cid:30)
(cid:45)(cid:82)(cid:88)(cid:73)(cid:75)(cid:86)(cid:77)(cid:88)(cid:93)(cid:16) (cid:39)(cid:86)(cid:73)(cid:69)(cid:88)(cid:77)(cid:90)(cid:77)(cid:88)(cid:93) (cid:69)(cid:82)(cid:72) (cid:55)(cid:88)(cid:69)(cid:70)(cid:77)(cid:80)(cid:77)(cid:88)(cid:93)(cid:18)
(cid:76)(cid:69)(cid:84)(cid:84)(cid:73)(cid:82)(cid:3)(cid:88)(cid:83)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:73)(cid:87)(cid:88)(cid:3)(cid:86)(cid:69)(cid:88)(cid:73)(cid:87)(cid:3)(cid:69)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:70)(cid:77)(cid:80)(cid:80)(cid:3)(cid:71)(cid:83)(cid:81)(cid:73)(cid:87)(cid:3)(cid:72)(cid:89)(cid:73)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:81)(cid:69)(cid:87)(cid:87)(cid:77)(cid:90)(cid:73)(cid:3)
(cid:87)(cid:88)(cid:77)(cid:81)(cid:89)(cid:80)(cid:89)(cid:87)(cid:3)(cid:87)(cid:84)(cid:73)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:35)(cid:3)
(cid:56)(cid:76)(cid:77)(cid:87) (cid:77)(cid:87) (cid:69) (cid:88)(cid:83)(cid:89)(cid:75)(cid:76) (cid:88)(cid:77)(cid:81)(cid:73) (cid:88)(cid:83) (cid:81)(cid:69)(cid:79)(cid:73) (cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87) (cid:69)(cid:82)(cid:72) (cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88) (cid:72)(cid:73)(cid:71)(cid:77)(cid:87)(cid:77)(cid:83)(cid:82)(cid:87)(cid:18)
(cid:51)(cid:89)(cid:86) (cid:69)(cid:84)(cid:84)(cid:86)(cid:83)(cid:69)(cid:71)(cid:76) (cid:77)(cid:87) (cid:88)(cid:83) (cid:71)(cid:83)(cid:81)(cid:70)(cid:69)(cid:88) (cid:71)(cid:83)(cid:81)(cid:84)(cid:80)(cid:73)(cid:92)(cid:77)(cid:88)(cid:93) (cid:91)(cid:77)(cid:88)(cid:76) (cid:69) (cid:87)(cid:77)(cid:81)(cid:84)(cid:80)(cid:73) (cid:74)(cid:83)(cid:71)(cid:89)(cid:87)(cid:176)(cid:3)
(cid:70)(cid:73) (cid:88)(cid:76)(cid:73) (cid:84)(cid:86)(cid:73)(cid:81)(cid:77)(cid:73)(cid:86) (cid:83)(cid:91)(cid:82)(cid:73)(cid:86) (cid:69)(cid:82)(cid:72) (cid:83)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:83)(cid:86) (cid:83)(cid:74) (cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75) (cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:18) (cid:59)(cid:73)(cid:3)
(cid:70)(cid:73)(cid:80)(cid:77)(cid:73)(cid:90)(cid:73) (cid:77)(cid:82) (cid:88)(cid:76)(cid:73) (cid:87)(cid:76)(cid:83)(cid:84)(cid:84)(cid:77)(cid:82)(cid:75) (cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86) (cid:70)(cid:89)(cid:87)(cid:77)(cid:82)(cid:73)(cid:87)(cid:87)(cid:18) (cid:59)(cid:73)(cid:80)(cid:80)(cid:17)(cid:80)(cid:83)(cid:71)(cid:69)(cid:88)(cid:73)(cid:72) (cid:71)(cid:73)(cid:82)(cid:88)(cid:73)(cid:86)(cid:87)(cid:3)
(cid:91)(cid:77)(cid:88)(cid:76) (cid:88)(cid:76)(cid:73) (cid:86)(cid:77)(cid:75)(cid:76)(cid:88) (cid:88)(cid:73)(cid:82)(cid:69)(cid:82)(cid:88) (cid:81)(cid:77)(cid:92) (cid:88)(cid:76)(cid:69)(cid:88) (cid:69)(cid:86)(cid:73) (cid:69)(cid:75)(cid:75)(cid:86)(cid:73)(cid:87)(cid:87)(cid:77)(cid:90)(cid:73)(cid:80)(cid:93) (cid:81)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:72) (cid:69)(cid:82)(cid:72)(cid:3)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:38)(cid:18)(cid:3)(cid:44)(cid:73)(cid:82)(cid:86)(cid:93)(cid:3)
(cid:49)(cid:77)(cid:71)(cid:76)(cid:69)(cid:73)(cid:80)(cid:3)(cid:58)(cid:18)(cid:3)(cid:52)(cid:69)(cid:84)(cid:84)(cid:69)(cid:75)(cid:69)(cid:80)(cid:80)(cid:83)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:48)(cid:89)(cid:79)(cid:73)(cid:87)
(cid:21)(cid:22)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K/A
(Amendment No. 1)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
[NO FEE REQUIRED]
For the fiscal year ended December 31, 2009
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
[NO FEE REQUIRED]
For the transition period from __________ to __________
Commission file number 1-10899
KIMCO REALTY CORPORATION
(Exact name of registrant as specified in its charter)
Maryland
(State of incorporation)
13-2744380
(I.R.S. Employer Identification No.)
3333 New Hyde Park Road, New Hyde Park, NY 11042-0020
(Address of principal executive offices - zip code)
(516) 869-9000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(g) of the Act:
Title of each class
Common Stock, par value $.01 per share.
Depositary Shares, each representing one-tenth of a share of 6.65% Class F
Cumulative Redeemable Preferred Stock, par value $1.00 per share.
Depositary Shares, each representing one-hundredth of a share of 7.75%
Name of each exchange on which registered
New York Stock Exchange
New York Stock Exchange
Class G Cumulative Redeemable Preferred Stock, par value $1.00 per share.
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit
and post such files). Yes No
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained,
to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large
accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12-b of the Exchange Act.
Large Accelerated Filer
Accelerated Filer
Non-Accelerated Filer
Smaller Reporting Company
(Do not check if a small reporting company.)
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
The aggregate market value of the voting stock held by non-affiliates of the registrant was approximately $3.7 billion based upon the closing price on the New York Stock
Exchange for such stock on June 30, 2009.
Indicate the number of shares outstanding of each of the Registrant’s classes of common stock, as of the latest practicable date. 405,544,542 shares as of February 18, 2010.
(APPLICABLE ONLY TO CORPORATE REGISTRANTS)
Part III incorporates certain information by reference to the Registrant’s definitive proxy statement to be filed with respect to the Annual Meeting of Stockholders
DOCUMENTS INCORPORATED BY REFERENCE
expected to be held on May 5, 2010.
Index to Exhibits begins on page 73.
EXPLANATORY NOTE
Kimco Realty Corporation is filing the attached revised Form 10-K solely for the purpose of revising summarized
financial information contained in Note 8 of the Notes to Consolidated Financial Statements, with respect to the Kimco
Realty Opportunity Portfolio (“KROP”). With the exception of this revision, this 10-K Amendment No.1 and the original
10-K filed on March 1, 2010 are the same.
Item No.
TABLE OF CONTENTS
PART I
1. Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1A. Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1B. Unresolved Staff Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Properties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Officers of the Registrant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART II
5. Market for Registrant’s Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Selected Financial Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations. . . . . . . . . . . . . .
7A. Quantitative and Qualitative Disclosures About Market Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Financial Statements and Supplementary Data. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure . . . . . . . . . . . . .
9A. Controls and Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9B. Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART III
10. Directors, Executive Officers and Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Executive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters . . . .
13. Certain Relationships and Related Transactions, and Director Independence. . . . . . . . . . . . . . . . . . . . . . . . .
14. Principal Accounting Fees and Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART IV
Form
10-K
Report
Page
4
12
19
19
21
21
44
45
47
48
71
71
71
72
72
73
73
73
73
73
15. Exhibits Financial Statement Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
74
FORWARD-LOOKING STATEMENTS
PART I
This annual report on Form 10-K, together with other statements and information publicly disseminated by the
Company contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-
looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor
provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future
plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “anticipate,”
“estimate,” “project” or similar expressions. You should not rely on forward-looking statements since they involve known
and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which
could materially affect actual results, performances or achievements. Factors which may cause actual results to differ
materially from current expectations include, but are not limited to (i) general adverse economic and local real estate
conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or
general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of
financing or refinancing on favorable terms, (iv) the Company’s ability to raise capital by selling its assets, (v) changes
in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates,
(vii) the availability of suitable acquisition opportunities, (viii) valuation of joint venture investments, (ix) valuation of
marketable securities and other investments, (x) increases in operating costs, (xi) changes in the dividend policy for the
Company’s common stock, (xii) the reduction in the Company’s income in the event of multiple lease terminations by
tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiii) impairment charges, (xiv)
unanticipated changes in the Company’s intention or ability to prepay certain debt prior to maturity and/or hold certain
securities until maturity And the risks and uncertainties identifies under Item 1A, “Risk Factors.” Accordingly, there is
no assurance that the Company’s expectations will be realized.
ITEM 1. BUSINESS
GENERAL
Kimco Realty Corporation, a Maryland corporation, is one of the nation’s largest owners and operators of neighborhood
and community shopping centers. The terms “Kimco,” the “Company,” “we,” “our” and “us” each refer to Kimco Realty
Corporation and our subsidiaries unless the context indicates otherwise. The Company is a self-administered real estate
investment trust (“REIT”) and its management has owned and operated neighborhood and community shopping centers
for more than 50 years. The Company has not engaged, nor does it expect to retain, any REIT advisors in connection
with the operation of its properties. As of December 31, 2009, the Company had interests in 1,915 properties, totaling
approximately 176.9 million square feet of gross leasable area (“GLA”) located in 45 states, Puerto Rico, Canada, Mexico,
Chile, Brazil and Peru. The Company’s ownership interests in real estate consist of its consolidated portfolio and in
portfolios where the Company owns an economic interest, such as properties in the Company’s investment management
programs, where the Company partners with institutional investors and also retains management (See Note 7 of the Notes
to Consolidated Financial Statements included in this annual report on Form 10-K). The Company believes its portfolio of
neighborhood and community shopping center properties is the largest (measured by GLA) currently held by any publicly
traded REIT.
The Company’s executive offices are located at 3333 New Hyde Park Road, New Hyde Park, New York 11042-0020
and its telephone number is (516) 869-9000.
The Company’s Web site is located at http://www.kimcorealty.com. The information contained on our Web site
does not constitute part of this annual report on Form 10-K. On the Company’s Web site you can obtain, free of charge, a
copy of our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments
to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act of 1934, as amended, as soon
as reasonably practicable, after we file such material electronically with, or furnish it to, the Securities and Exchange
Commission (the “SEC”).
4
HISTORY
The Company began operations through its predecessor, The Kimco Corporation, which was organized in 1966
upon the contribution of several shopping center properties owned by its principal stockholders. In 1973, these principals
formed the Company as a Delaware corporation, and, in 1985, the operations of The Kimco Corporation were merged into
the Company. The Company completed its initial public stock offering (the “IPO”) in November 1991, and, commencing
with its taxable year which began January 1, 1992, elected to qualify as a REIT in accordance with Sections 856 through
860 of the Internal Revenue Code of 1986, as amended (the “Code”). In 1994, the Company reorganized as a Maryland
corporation.
The Company’s growth through its first 15 years resulted primarily from the ground-up development and construction
of its shopping centers. By 1981, the Company had assembled a portfolio of 77 properties that provided an established
source of income and positioned the Company for an expansion of its asset base. At that time, the Company revised its
growth strategy to focus on the acquisition of existing shopping centers and creating value through the redevelopment
and re-tenanting of those properties. As a result of this strategy, a majority of the operating shopping centers added to the
Company’s portfolio since 1981 have been through the acquisition of existing shopping centers.
During 1998, the Company, through a merger transaction, completed the acquisition of The Price REIT, Inc., a
Maryland corporation, (the “Price REIT”). Prior to the merger, Price REIT was a self-administered and self-managed
equity REIT that was primarily focused on the acquisition, development, management and redevelopment of large retail
community shopping center properties concentrated in the western part of the United States. In connection with the
merger, the Company acquired interests in 43 properties, located in 17 states. With the completion of the Price REIT
merger, the Company expanded its presence in certain western states including Arizona, California and Washington. In
addition, Price REIT had strong ground-up development capabilities. These development capabilities, coupled with the
Company’s own construction management expertise, provided the Company the ability to pursue ground-up development
opportunities on a selective basis.
Also during 1998, the Company formed Kimco Income Operating Partnership, L.P. (“KIR”), an entity in which the
Company held a 99.99% limited partnership interest. KIR was established for the purpose of investing in high-quality
properties financed primarily with individual non-recourse mortgages. The Company believed that these properties
were appropriate for financing with greater leverage than the Company traditionally used. At the time of formation, the
Company contributed 19 properties to KIR, each encumbered by an individual non-recourse mortgage. During 1999,
KIR sold a significant interest in the partnership to institutional investors, thus establishing the Company’s investment
management program. The Company holds a 45.0% noncontrolling limited partnership interest in KIR and accounts
for its investment in KIR under the equity method of accounting. (See Note 8 of the Notes to Consolidated Financial
Statements included in this annual report on Form 10-K.)
The Company has expanded its investment management program through the establishment of other various
institutional joint venture programs in which the Company has noncontrolling interests ranging generally from 5% to 45%.
The Company’s largest joint venture, Kimco Prudential Joint Venture (“KimPru”), was formed in 2006, in connection
with the Pan Pacific Retail Properties Inc. (“Pan Pacific”) merger transaction, with Prudential Real Estate Investors
(“PREI”). The Company earns management fees, acquisition fees, disposition fees and promoted interests based on value
creation. (See Note 8 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K.)
In connection with the Tax Relief Extension Act of 1999 (the “RMA”), which became effective January 1, 2001,
the Company is permitted to participate in REIT activities from which it was previously precluded in order to maintain
its qualification as a REIT, so long as these activities are conducted in entities which elect to be treated as taxable REIT
subsidiaries under the Code, subject to certain limitations. As such, the Company, through its taxable REIT subsidiaries,
has been engaged in various retail real estate related opportunities, including (i) ground-up development of neighborhood
and community shopping centers and the subsequent sale thereof upon completion (see Recent Developments - Ground-Up
Development), (ii) retail real estate advisory and disposition services, which primarily focused on leasing and disposition
strategies for real estate property interests of both healthy and distressed retailers and (iii) acting as an agent or principal
in connection with tax-deferred exchange transactions. The Company may consider other investments through taxable
REIT subsidiaries should suitable opportunities arise.
The Company has continued its geographic expansion with investments in Canada, Mexico, Puerto Rico, Chile,
Brazil and Peru. During October 2001, the Company formed three joint ventures (collectively, the “RioCan Ventures”)
with RioCan Real Estate Investment Trust (“RioCan”, Canada’s largest publicly traded REIT measured by GLA) in which
the Company has 50% noncontrolling interests, to acquire retail properties and development projects in Canada. The
5
Company accounts for this investment under the equity method of accounting. The Company has expanded its presence
in Canada with the establishment of other joint venture arrangements. During 2002, the Company, along with various
strategic co-investment partners, began acquiring operating and development properties located in Mexico. During 2006,
the Company acquired interests in shopping center properties located in Puerto Rico through joint ventures in which the
Company holds controlling ownership interests.
During 2007, the Company acquired an interest in four shopping center properties located in Chile through a joint
venture in which the Company holds a noncontrolling ownership interest. During 2008, the Company acquired interests
in two shopping center properties in Brazil through a joint venture in which the Company holds a controlling ownership
interest and a land parcel for ground-up development located in Peru through a joint venture in which the Company holds
a controlling interest. (See Notes 4 and 8 of the Notes to Consolidated Financial Statements included in this annual report
on Form 10-K.)
In addition, the Company continues to capitalize on its established expertise in retail real estate by establishing other
ventures in which the Company owns a smaller equity interest and provides management, leasing and operational support
for those properties. The Company has also provided preferred equity capital in the past to real estate entrepreneurs
and, from time to time, provides real estate capital and advisory services to both healthy and distressed retailers. The
Company has also made selective investments in secondary market opportunities where a security or other investment
is, in management’s judgment, priced below the value of the underlying assets, however these investments are subject to
volatility within the equity and debt markets.
INVESTMENT AND OPERATING STRATEGY
The Company’s investment objective is to increase cash flow, current income and, consequently, the value of
its existing portfolio of properties and to seek continued growth through (i) the strategic re-tenanting, renovation and
expansion of its existing centers and (ii) the selective acquisition of established income-producing real estate properties
and properties requiring significant re-tenanting and redevelopment, primarily in neighborhood and community shopping
centers in geographic regions in which the Company presently operates. The Company may consider investments in other
real estate sectors and in geographic markets where it does not presently operate should suitable opportunities arise.
The Company’s neighborhood and community shopping center properties are designed to attract local area
customers and typically are anchored by a discount department store, a supermarket or a drugstore tenant offering day-
to-day necessities rather than high-priced luxury items. The Company may either purchase or lease income-producing
properties in the future and may also participate with other entities in property ownership through partnerships, joint
ventures or similar types of co-ownership. Equity investments may be subject to existing mortgage financing and/or
other indebtedness. Financing or other indebtedness may be incurred simultaneously or subsequently in connection with
such investments. Any such financing or indebtedness would have priority over the Company’s equity interest in such
property. The Company may make loans to joint ventures in which it may or may not participate.
In addition to property or equity ownership, the Company provides property management services for fees relating
to the management, leasing, operation, supervision and maintenance of real estate properties.
While the Company has historically held its properties for long-term investment and accordingly has placed strong
emphasis on its ongoing program of regular maintenance, periodic renovation and capital improvement, it is possible
that properties in the portfolio may be sold, in whole or in part, as circumstances warrant, subject to REIT qualification
rules.
The Company seeks to reduce its operating and leasing risks through diversification achieved by the geographic
distribution of its properties and a large tenant base. As of December 31, 2009, no single neighborhood and community
shopping center accounted for more than 1.2% of the Company’s annualized base rental revenues or more than 1.0% of
the Company’s total shopping center GLA. At December 31, 2009, the Company’s five largest tenants were The Home
Depot, TJX Companies, Sears Holdings, Wal-Mart and Kohl’s, which represent approximately 3.3%, 2.6%, 2.5%, 2.2%
and 2.0%, respectively, of the Company’s annualized base rental revenues, including the proportionate share of base
rental revenues from properties in which the Company has less than a 100% economic interest.
In connection with the RMA, which became effective January 1, 2001, the Company had expanded its investment and
operating strategy to include new real estate-related opportunities which the Company was precluded from previously in
order to maintain its qualification as a REIT. As such, the Company established a merchant building business through its
wholly owned taxable REIT subsidiaries, which made selective acquisitions of land parcels for the ground-up development
6
primarily of neighborhood and community shopping centers and subsequent sale thereof upon completion. During 2009,
the Company changed its merchant building business strategy from a sale upon completion strategy to a long-term
hold strategy for its remaining merchant building projects. Additionally, the Company had developed a business which
specialized in providing capital, real estate advisory services and disposition services of real estate controlled by both
healthy and distressed and/or bankrupt retailers. These services included assistance with inventory and fixture liquidation
in connection with going-out-of-business sales. The Company may participate with other entities in providing these
advisory services through partnerships, joint ventures or other co-ownership arrangements. The Company, as part of its
investment strategy, may selectively seek investments for its taxable REIT subsidiaries as suitable opportunities arise.
The Company emphasizes equity real estate investments. The Company may at its discretion, invest in preferred
equity investments, mortgages, other real estate interests and other investments. The mortgages in which the Company
may invest may be either first mortgages, junior mortgages or other mortgage-related securities. The Company, from
time to time, provides mortgage financing to retailers with significant real estate assets, in the form of leasehold interests
or fee-owned properties, where the Company believes the underlying value of the real estate collateral is in excess of its
loan balance. In addition, the Company may, on a selective basis, acquire debt instruments at a discount in the secondary
market where the Company believes the asset value of the enterprise is greater than the current value, however these
investments are subject to volatility within the equity and debt markets.
The Company’s vision is to be the premier owner and operator of retail shopping centers with its core business
operations focusing on owning and operating neighborhood and community shopping centers through equity investments
in North America. This vision will entail a shift away from certain non-strategic assets that the Company currently
holds. These investments include non-retail preferred equity investments, marketable securities, mortgages on non-
retail properties and several urban mixed-use properties. The Company’s plan is to sell certain non-strategic assets and
investments. The Company realizes that the sale of these assets will be over a period of time given the current unfavorable
market conditions. In addition, the Company continues to be dedicated to building its institutional management business
by forming joint ventures with high quality domestic and foreign institutional partners for the purpose of investing in
neighborhood and community shopping centers.
The Company may offer shares of capital stock or other senior securities in exchange for property and to repurchase
or otherwise reacquire its common stock or any other securities and may engage in such activities in the future. At all
times, the Company intends to make investments in such a manner as to be consistent with the requirements of the Code
to qualify as a REIT unless, because of circumstances or changes in the Code (or in Treasury Regulations), the Board of
Directors determines that it is no longer in the best interests of the Company to qualify as a REIT.
CAPITAL STRATEGY AND RESOURCES
The Company intends to maintain strong debt service coverage and fixed charge coverage ratios as part of its
commitment to maintaining its investment-grade debt ratings of BBB+ from Standard and Poors and Baa1 from Moody’s
Investor Services. The Company plans to strengthen its balance sheet by pursuing deleveraging efforts over time. It is
management’s intention that the Company continually have access to the capital resources necessary to expand and
develop its business. Accordingly, the Company may, from time-to-time, seek to obtain funds through additional common
and preferred equity offerings, unsecured debt financings and/or mortgage/construction loan financings and other capital
alternatives in a manner consistent with its intention to operate with a conservative debt structure.
Since the completion of the Company’s IPO in 1991, the Company has utilized the public debt and equity markets
as its principal source of capital for its expansion needs. Since the IPO, the Company has completed additional offerings
of its public unsecured debt and equity, raising in the aggregate over $7.4 billion. Proceeds from public capital market
activities have been used for repaying indebtedness, acquiring interests in neighborhood and community shopping centers,
funding ground-up development projects, expanding and improving properties in the portfolio and other investments. The
Company also has revolving credit facilities totaling approximately $1.7 billion available for general corporate purposes.
At December 31, 2009 the Company had approximately $139.5 million outstanding on these facilities.
Capital markets continue to experience increased volatility. As available, the Company will continue to access these
markets. In addition to capital markets, the Company had over 420 unencumbered property interests in its portfolio as
of December 31, 2009. The Company has capacity within its bond and other debt covenants to raise up to $2.0 billion in
secured financing on these unencumbered properties.
7
In March 2006, the Company was added to the S & P 500 Index, an index containing the stock of 500 Large Cap
companies, most of which are U.S. corporations. For further discussion regarding capital strategy and resources, see
Management’s Discussion and Analysis of Results of Operations and Financial Condition - Financing Activities.
COMPETITION
As one of the original participants in the growth of the shopping center industry and one of the nation’s largest owners
and operators of neighborhood and community shopping centers, the Company has established close relationships with a
large number of major national and regional retailers and maintains a broad network of industry contacts. Management is
associated with and/or actively participates in many shopping center and REIT industry organizations. Notwithstanding
these relationships, there are numerous regional and local commercial developers, real estate companies, financial
institutions and other investors who compete with the Company for the acquisition of properties and other investment
opportunities and in seeking tenants who will lease space in the Company’s properties.
OPERATING PRACTICES
Nearly all operating functions, including leasing, legal, construction, data processing, maintenance, finance and
accounting, are administered by the Company from its executive offices in New Hyde Park, New York and supported by
the Company’s regional offices. The Company believes it is critical to have a management presence in its principal areas
of operation and, accordingly, the Company maintains regional offices in various cities throughout the United States. As
of December 31, 2009, a total of 640 persons are employed at the Company’s executive and regional offices.
The Company’s regional offices are generally staffed by a regional business leader and the operating personnel
necessary to both function as local representatives for leasing and promotional purposes, to complement the corporate
office’s administrative and accounting efforts and to ensure that property inspection and maintenance objectives are
achieved. The regional offices are important in reducing the time necessary to respond to the needs of the Company’s
tenants. Leasing and maintenance personnel from the corporate office also conduct regular inspections of each shopping
center.
As of December 31, 2009, the Company also employs a total of 25 persons at several of its larger properties in order
to more effectively administer its maintenance and security responsibilities.
QUALIFICATION AS A REIT
The Company has elected, commencing with its taxable year which began January 1, 1992, to be taxed as a REIT
under the Code. If, as the Company believes, it is organized and operates in such a manner so as to qualify and remain
qualified as a REIT under the Code, the Company generally will not be subject to federal income tax, provided that
distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code.
RECENT DEVELOPMENTS
The following describes the Company’s significant transactions and events that occurred during the year ended
December 31, 2009. (See Item 8 and Notes 2, 3, 4, 5, 6, 8, 9 and 10 of the Notes to Consolidated Financial Statements
included in this annual report on Form 10-K.)
Operating Properties
Acquisitions
During November 2009, the Company purchased the remaining 85% interest in PL Retail LLC, an entity that
indirectly owns through wholly-owned subsidiaries 21 shopping centers, comprising approximately 5.2 million square
feet of GLA, in which the Company held a 15% noncontrolling interest prior to this transaction. The Company paid a
purchase price equal to approximately $175.0 million, after customary adjustments and closing prorations, which was
equivalent to 85% of PL Retail LLC’s gross asset value, which equaled approximately $825 million, less the assumption
of $564 million of non-recourse mortgage debt encumbering 20 properties and $50 million of perpetual preferred stock.
The purchase price includes approximately $20 million for the purchase of development rights for one shopping center.
This transaction resulted in a gain of approximately $7.6 million as a result of a change in control and remeasuring the
Company’s 15% noncontrolling equity interest to fair value. Subsequently, the Company repaid approximately $269
million of the non-recourse mortgage debt which encumbered 10 properties.
8
During 2009, the Company acquired the remaining ownership interest in 11 unencumbered operating properties
from a joint venture in which the Company held a 15% noncontrolling interest comprising an aggregate 1.5 million square
feet of GLA for an aggregate purchase price of approximately $106.9 million.
Additionally, during 2009, the Company acquired the remaining ownership interest in an operating property in
which the Company held a 10% noncontrolling interest comprising 0.1 million square feet of GLA for a purchase price of
approximately $23.6 million, including the assumption of a $13.5 million non-recourse mortgage.
Dispositions
During 2009, the Company disposed of, in separate transactions, portions of six operating properties and one land
parcel for an aggregate sales price of approximately $28.9 million, which resulted in an aggregate gain of approximately
$4.1 million, net of income tax of approximately $0.2 million.
Also during 2009, a consolidated joint venture in which the Company has a controlling interest disposed of a parcel
of land for approximately $4.8 million and recognized a gain of approximately $4.4 million, before income taxes and
noncontrolling interest. This gain has been recorded as Other income/(expense), net in the Company’s Consolidated
Statements of Operations.
Redevelopments
The Company has an ongoing program to reformat and re-tenant its properties to maintain or enhance its competitive
position in the marketplace. During 2009, the Company substantially completed the redevelopment and re-tenanting
of various operating properties. The Company expended approximately $43.4 million in connection with these major
redevelopments and re-tenanting projects during 2009. The Company is currently involved in redeveloping several other
shopping centers in the existing portfolio. The Company anticipates its capital commitment toward these and other
redevelopment projects will be approximately $30.0 million to $40.0 million during 2010.
Ground-Up Development
The Company is engaged in ground-up development projects which consist of (i) U.S. ground-up development
projects which will be held as long-term investments by the Company and (ii) various ground-up development projects
located in Latin America for long-term investment (see Recent Developments - International Real Estate Investments
and Note 3 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K). During
2009, the Company changed its merchant building business strategy from a sale upon completion strategy to a long-term
hold strategy. Those properties previously considered merchant building have been either placed in service as long-term
investment properties or included in U.S. ground-up development. The ground-up development projects generally have
significant pre-leasing prior to the commencement of construction. As of December 31, 2009, the Company had in progress
a total of 11 ground-up development projects, consisting of seven ground-up development projects located throughout
Mexico, two ground-up development projects located in the U.S., one ground-up development project located in Chile,
and one ground-up development project located in Brazil. The Company anticipates its capital commitment toward its
ground-up development projects will be approximately $50.0 million to $60.0 million during 2010. The availability under
the Company’s revolving lines of credit is expected to be sufficient to fund these anticipated capital requirements.
U.S. Ground-Up Development
During 2009, the Company expended approximately $45.0 million in connection with construction costs related to
U.S. ground-up development projects. Additionally, the Company purchased, in separate transactions, various partners’
interests in five former merchant building projects for an aggregate $9.9 million.
Construction Loans
During 2009, the Company fully repaid nine construction loans aggregating approximately $212.2 million. As of
December 31, 2009, total loan commitments on the Company’s four remaining construction loans aggregated approximately
$69.7 million of which approximately $45.8 million has been funded. These loans have scheduled maturities ranging from
11 months to 56 months (excluding any extension options which may be available to the Company) and bear interest at
rates ranging from 2.13% to 4.50% at December 31, 2009. Approximately $3.4 million of the outstanding loan balance
matures in 2010. These maturing loans are anticipated to be repaid with operating cash flows, borrowings under the
Company’s credit facilities and additional debt financings. In addition, the Company may pursue or exercise existing
extension options with lenders where available.
9
Dispositions
During 2009, the Company sold, in separate transactions, five out-parcels, four land parcels and three ground leases for
aggregate proceeds of approximately $19.4 million. These transactions resulted in gains on sale of development properties of
approximately $5.8 million, before income taxes of $2.3 million.
Kimsouth
During 2009, the Company acquired the remaining 7.5% interest in Kimsouth, a consolidated taxable REIT subsidiary
in which the Company held a 92.5% controlling interest, for a purchase price of approximately $5.5 million.
Investment and Advances in Real Estate Joint Ventures
The Company has various institutional and non-institutional joint venture programs in which the Company has
various noncontrolling interests, which are accounted for under the equity method of accounting. (See Note 8 of the Notes to
Consolidated Financial Statements included in this annual report on Form 10-K.)
Dispositions
During November 2009, the 85% owner in PL Retail, LLC, an entity that indirectly owns through wholly-owned
subsidiaries 21 shopping centers, comprising approximately 5.2 million square feet of GLA, in which the Company held a
15% noncontrolling interest prior to this transaction, sold its interest to the Company. The Company paid a purchase price
equal to approximately $175.0 million, after customary adjustments and closing prorations, which was equivalent to 85% of
PL Retail LLC’s gross asset value, which equaled approximately $825 million, less the assumption of $564 million of non-
recourse mortgage debt encumbering 20 properties and $50 million of perpetual preferred stock. This transfer resulted in an
aggregate net gain of approximately $57.5 million of which the Company’s share was approximately $8.6 million. As a result
of this transaction the Company now consolidates this entity.
Additionally, during 2009, KimPru sold 22 operating properties for an aggregate sales price of approximately $214.0
million, comprised of (i) 11 operating properties sold to the Company for an aggregate sales price of approximately $106.9
million which resulted in an aggregate net gain of approximately $0.9 million of which the Company’s share was approximately
$0.1 million and (ii) 11 operating properties and its interest in an unconsolidated joint venture, sold in separate transactions,
for an aggregate sales price of approximately $107.1 million. These sales resulted in an aggregate net gain of approximately
$0.1 million. Proceeds from these property sales were used to repay a portion of the outstanding balance on KimPru’s credit
facility, described below.
Also, during 2009, a joint venture in which the Company held a 10% noncontrolling interest sold one operating property
comprising 0.1 million square feet of GLA to the Company for a purchase price of approximately $23.6 million, including the
assumption of a $13.5 million non-recourse mortgage. This sale resulted in a gain of approximately $3.4 million of which the
Company’s share was approximately $0.3 million.
Financings
During 2009, joint ventures in which the Company has noncontrolling interests (i) repaid approximately $113.8 million
in non-recourse mortgage debt with interest rates ranging from 2.75% to 8.30%, (ii) refinanced approximately $212.9 million
in mortgage debt with approximately $226.6 million of new mortgage debt which bear interest at rates ranging from 6.64%
to 7.88% and maturity dates ranging from three years to seven years, and (iii) obtained new mortgage debt on previously
unencumbered properties of approximately $214.0 million with interest rates ranging from 3.75% to 7.85% and maturity dates
ranging from three to ten years.
International Real Estate Investments
Canadian Investments
The Company recognized equity in income from its unconsolidated Canadian investments in real estate joint ventures
of approximately $12.2 million, $18.6 million and $22.5 million during 2009, 2008 and 2007, respectively. In addition,
income from its Canadian preferred equity investments was approximately $12.9 million, $23.2 million, $35.1 million during
2009, 2008 and 2007, respectively.
During 2009, an unconsolidated Canadian joint venture in which the Company has a 50% noncontrolling interest
refinanced approximately $30.3 million in mortgage debt with approximately $46.1 million in mortgage debt which bears
interest at rates ranging from 5.90% to 6.82% and maturity dates ranging from five years to ten years.
10
Latin American Investments
During 2009, the Company acquired a land parcel located in Rio Clara, Brazil through a newly formed consolidated
joint venture in which the Company has a 70% controlling ownership interest for a purchase price of 3.3 million Brazilian
Reals (approximately USD $1.5 million). This parcel will be developed into a 48,000 square foot retail shopping center.
Additionally, during 2009, the Company acquired a land parcel located in San Luis Potosi, Mexico, through an
unconsolidated joint venture in which the Company has a noncontrolling interest, for an aggregate purchase price of
approximately $0.8 million.
The Company recognized equity in income from its unconsolidated Mexican investments in real estate joint ventures
of approximately $7.0 million, $17.1 million, and $5.2 million during 2009, 2008 and 2007, respectively.
The Company recognized equity in income from its unconsolidated Chilean investments in real estate joint ventures
of approximately $0.4 million, $0.2 and $0.1 million during 2009, 2008 and 2007, respectively.
The Company’s revenues from its consolidated Mexican subsidiaries aggregated approximately $23.4 million, $20.3
million, $8.5 million during 2009, 2008 and 2007, respectively. The Company’s revenues from its consolidated Brazilian
subsidiaries aggregated approximately $1.5 million and $0.4 million during 2009 and 2008, respectively. The Company’s
revenues from its consolidated Chilean subsidiaries aggregated less than $100,000 during 2009 and 2008, respectively.
Mortgages and Other Financing Receivables
During 2009, the Company provided financing to five borrowers for an aggregate amount of approximately $8.3
million. During 2009, the Company received an aggregate of approximately $40.4 million which fully paid down the
outstanding balance on four mortgage receivables. As of December 31, 2009, the Company had 37 loans with total
commitments of up to $178.9 million, of which approximately $131.3 million has been funded. Availability under the
Company’s revolving credit facilities are expected to be sufficient to fund these remaining commitments. (See Note 10 of
the Notes to Consolidated Financial Statements included in this annual report on Form 10-K.)
Asset Impairments
On a continuous basis, management assesses whether there are any indicators, including property operating
performance and general market conditions, that the value of the Company’s assets (including any related amortizable
intangible assets or liabilities) may be impaired. To the extent impairment has occurred, the carrying value of the asset
would be adjusted to an amount to reflect the estimated fair value of the asset.
During 2009, economic conditions had continued to experience volatility resulting in further declines in the real
estate and equity markets. Year over year increases in capitalization rates, discount rates and vacancies as well as the
deterioration of real estate market fundamentals, negatively impacted net operating income and leasing which further
contributed to declines in real estate markets in general.
As a result of the volatility and declining market conditions described above, as well as the Company’s strategy in
relation to certain of its non-retail assets, the Company recognized non-cash impairment charges during 2009, aggregating
approximately $175.1 million, before income tax benefit of approximately $22.5 million and noncontrolling interests of
approximately $1.2 million. Details of these non-cash impairment charges are as follows (in millions):
Impairment of property carrying values . . . . . . . . . . . .
Real estate under development . . . . . . . . . . . . . . . . . . . .
Investments in other real estate investments . . . . . . . . .
Marketable securities and other investments . . . . . . . . .
Investments in real estate joint ventures . . . . . . . . . . . .
Total impairment charges . . . . . . . . . . . . . . . . . . . . . .
$ 50.0
2.1
49.2
30.1
43.7
$175.1
(See Notes 2, 6, 8, 9, 10 and 11 of the Notes to Consolidated Financial Statements included in this annual report on
Form 10-K.)
11
In addition to the impairment charges above, the Company recognized impairment charges during 2009 of
approximately $38.7 million, before income tax benefit of approximately $11.0 million, relating to certain properties
held by unconsolidated joint ventures in which the Company holds noncontrolling interests ranging from 15% to 45%.
These impairment charges are included in Equity in income of joint ventures, net in the Company’s Consolidated
Statements of Operations.
Financing Transactions
During December 2009, the Company completed a primary public stock offering of 28,750,000 shares of the
Company’s common stock. The net proceeds from this sale of common stock, totaling approximately $345.1 million
(after related transaction costs of $0.75 million) were used to partially repay the outstanding balance under the Company’s
U.S. revolving credit facility.
During September 2009, the Company issued $300.0 million of 10-year Senior Unsecured Notes at an interest
rate of 6.875% payable semi-annually in arrears. These notes were sold at 99.84% of par value. Net proceeds from the
issuance were approximately $297.3 million, after related transaction costs of approximately $0.3 million. The proceeds
from this issuance were primarily used to repay the Company’s $220.0 million unsecured term loan described below. The
remaining proceeds were used to repay certain construction loans that were scheduled to mature in 2010 (see Note 12 of
the Notes to Consolidated Financial Statements included in this annual report on Form 10-K).
During April 2009, the Company completed a primary public stock offering of 105,225,000 shares of the Company’s
common stock. The net proceeds from this sale of common stock, totaling approximately $717.3 million (after related
transaction costs of $0.7 million) were used to partially repay the outstanding balance under the Company’s U.S. revolving
credit facility and for general corporate purposes.
During April 2009, the Company obtained a two-year $220.0 million unsecured term loan with a consortium of
banks, which accrued interest at a spread of 4.65% to LIBOR (subject to a 2% LIBOR floor) or at the Company’s option,
at a spread of 3.65% to the “ABR,” as defined in the Credit Agreement. The term loan was scheduled to mature in April
2011. The Company utilized proceeds from this term loan to partially repay the outstanding balance under the Company’s
U.S. revolving credit facility and for general corporate purposes. During September 2009, the Company fully repaid the
$220.0 million outstanding balance on this loan.
During the year ended December 31, 2009, the Company repaid (i) its $130.0 million 6.875% senior notes, which
matured on February 10, 2009, (ii) its $20.0 million 7.56% Medium Term Note, which matured in May 2009 and (iii) its
$25.0 million 7.06% Medium Term Note, which matured in July 2009.
During 2009, the Company (i) obtained an aggregate of approximately $400.2 of non-recourse mortgage debt on 21
operating properties, (ii) assumed approximately $579.2 million of individual non-recourse mortgage debt relating to the
acquisition of 22 operating properties, including approximately $1.6 million of fair value debt adjustments and (iii) paid
off approximately $437.7 million of individual non-recourse mortgage debt that encumbered 24 operating properties.
For further discussion regarding financing transactions see Management’s Discussion and Analysis of Results of
Operations and Financial Condition - Financing Activities and Contractual Obligations and Other Commitments. (See
Notes 12, 13, 14 and 18 of the Notes to Consolidated Financial Statement included in this annual report on Form 10-K.)
Exchange Listings
The Company’s common stock, Class F Depositary Shares and Class G Depositary Shares are traded on the New
York Stock Exchange (“NYSE”) under the trading symbols “KIM”, “KIMprF” and “KIMprG”, respectively.
ITEM 1A. RISK FACTORS
We are subject to certain business and legal risks including, but not limited to, the following:
Risks Related to Our Status as a Real Estate Investment Trust
Loss of our tax status as a real estate investment trust could have significant adverse consequences to us and the
value of our securities.
12
We have elected to be taxed as a REIT for federal income tax purposes under the Code. We currently intend to
operate so as to qualify as a REIT and believe that our current organization and method of operation complies with the
rules and regulations promulgated under the federal income tax code to enable us to qualify as a REIT.
Qualification as a REIT involves the application of highly technical and complex federal income tax code provisions
for which there are only limited judicial and administrative interpretations. The determination of various factual matters
and circumstances not entirely within our control may affect our ability to qualify as a REIT. New legislation, regulations,
administrative interpretations or court decisions could significantly change the tax laws with respect to qualification as a
REIT, the federal income tax consequences of such qualification or the desirability of an investment in a REIT relative to
other investments. There can be no assurance that we have qualified or will continue to qualify as a REIT for tax purposes.
If we lose our REIT status, we will face serious tax consequences that will substantially reduce the funds available
to pay dividends to stockholders. If we fail to qualify as a REIT:
• we would not be allowed a deduction for distributions to stockholders in computing our taxable income and
would be subject to federal income tax at regular corporate rates;
• we could be subject to the federal alternative minimum tax and possibly increased state and local taxes;
•
unless we were entitled to relief under statutory provisions, we could not elect to be subject to tax as a REIT
for four taxable years following the year during which we were disqualified; and
• we would not be required to make distributions to stockholders.
As a result of all these factors, our failure to qualify as a REIT could impair our ability to expand our business and
raise capital and could adversely affect the value of our securities.
Risks Related to Adverse Global Market and Economic Conditions
Adverse global market and economic conditions and competition may impede our ability to generate sufficient
income to pay expenses and maintain our properties.
Recent market and economic conditions have been unprecedented and challenging with slower growth and tighter
credit conditions. Continued concerns about the systemic impact of the availability and cost of credit, the U.S. mortgage
market, inflation, energy costs, geopolitical issues and declining real estate markets have contributed to increased market
volatility and diminished expectations for the U.S. economy. These adverse market conditions and competition may impede
our ability to generate sufficient income to pay expenses, maintain our properties, pay dividends and refinance debt.
The retail shopping sector has been negatively affected by recent economic conditions. Adverse economic conditions
have forced some weaker retailers, in some cases, to declare bankruptcy and close stores. Certain retailers have announced
store closings even though they have not filed for bankruptcy protection. These downturns in the retailing industry likely
will have a direct impact on our performance. Continued store closings or declarations of bankruptcy by our tenants may
have a material adverse effect on the Company’s overall performance. Adverse general or local economic conditions could
result in the inability of some tenants of the Company to meet their lease obligations and could otherwise adversely affect the
Company’s ability to attract or retain tenants. Lease terminations by certain tenants or a failure by certain tenants to occupy
their premises in a shopping center could result in lease terminations or significant reductions in rent by other tenants in
the same shopping centers under the terms of some leases, in which case we may be unable to re-lease the vacated space at
attractive rents or at all, and our rental payments from our continuing tenants could significantly decrease.
We are unable to predict whether, or to what extent or for how long, these adverse market and economic conditions
will persist. The continuation and/or intensification of these conditions may impede our ability to generate sufficient
operating cash flow to pay expenses, maintain properties, pay dividends and refinance debt.
During 2009, the Company recognized non-cash impairment charges of approximately $175.1 million, before
income taxes and noncontrolling interest, relating to adjustments to property carrying values, investments in real estate
joint ventures, real estate under development and other real estate investments. Ongoing adverse market and economic
conditions could cause us to recognize additional impairments in the future.
Ongoing adverse market and economic conditions and market volatility will likely continue to make it difficult
to value the properties and investments owned by us and our unconsolidated joint ventures. There may be significant
uncertainty in the valuation, or in the stability of the value, of such properties and investments that could result in a
substantial decrease in the value thereof. In addition, we intend to sell many of our non-core assets over the next several
years. No assurance can be given that we will be able to recover the current carrying amount of all of our properties
13
and investments and those of our unconsolidated joint ventures in the future. Our failure to do so would require us to
recognize additional impairment charges for the period in which we reached that conclusion, which could materially and
adversely affect us.
The economic performance and value of our properties is subject to all of the risks associated with owning and
operating real estate including:
•
•
•
•
•
•
•
•
•
•
changes in the national, regional and local economic climate;
local conditions, including an oversupply of, or a reduction in demand for, space in properties like those that
we own;
the attractiveness of our properties to tenants;
the ability of tenants to pay rent;
competition from other available properties;
changes in market rental rates;
the need to periodically pay for costs to repair, renovate and re-let space;
changes in operating costs, including costs for maintenance, insurance and real estate taxes;
the fact that the expenses of owning and operating properties are not necessarily reduced when circumstances
such as market factors and competition cause a reduction in income from the properties; and
changes in laws and governmental regulations, including those governing usage, zoning, the environment and
taxes.
Our properties consist primarily of community and neighborhood shopping centers and other retail properties. Our
performance therefore is generally linked to economic conditions in the market for retail space. In the future, the market
for retail space could be adversely affected by:
ongoing consolidation in the retail sector;
the adverse financial condition of some large retailing companies;
• weakness in the national, regional and local economies;
•
•
•
•
Failure by any anchor tenant with leases in multiple locations to make rental payments to us because of a deterioration
increasing consumer purchases through catalogues and the internet.
the excess amount of retail space in a number of markets; and
of its financial condition or otherwise could impact our performance.
Our performance depends on our ability to collect rent from tenants. At any time, our tenants may experience a
downturn in their business that may significantly weaken their financial condition. As a result, our tenants may delay a
number of lease commencements, decline to extend or renew leases upon expiration, fail to make rental payments when
due, close stores or declare bankruptcy. Any of these actions could result in the termination of the tenants’ leases and the
loss of rental income attributable to these tenants’ leases. In the event of a default by a tenant, we may experience delays
and costs in enforcing our rights as landlord under the terms of our leases.
In addition, multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a
shopping center could result in lease terminations or significant reductions in rent by other tenants in the same shopping
centers under the terms of some leases. In that event, we may be unable to re-lease the vacated space at attractive rents
or at all, and our rental payments from our continuing tenants could significantly decrease. The occurrence of any of the
situations described above, particularly if it involves a substantial tenant with leases in multiple locations, could have a
material adverse effect on our performance.
We may be unable to collect balances due from tenants in bankruptcy.
A tenant that files for bankruptcy protection may not continue to pay us rent. A bankruptcy filing by or relating to one
of our tenants or a lease guarantor would bar all efforts by us to collect pre-bankruptcy debts from the tenant or the lease
guarantor, or their property, unless the bankruptcy court permits us to do so. A tenant or lease guarantor bankruptcy could
14
delay our efforts to collect past due balances under the relevant leases and could ultimately preclude collection of these sums.
If a lease is rejected by a tenant in bankruptcy, we would have only a general unsecured claim for damages. As a result, it is
likely that we would recover substantially less than the full value of any unsecured claims we hold, if at all.
Risks Related to Our Acquisition, Development, Operation, and Sale of Real Property
We may be unable to sell our real estate property investments when appropriate or on favorable terms.
Real estate property investments are illiquid and generally cannot be disposed of quickly. In addition, the federal tax
code imposes restrictions on a REIT’s ability to dispose of properties that are not applicable to other types of real estate
companies. Therefore, we may not be able to vary our portfolio in response to economic or other conditions promptly or
on favorable terms.
We may acquire or develop properties or acquire other real estate related companies and this may create risks.
We may acquire or develop properties or acquire other real estate related companies when we believe that an
acquisition or development is consistent with our business strategies. We may not succeed in consummating desired
acquisitions or in completing developments on time or within budget. We face competition in pursuing these acquisition or
development opportunities that could increase our costs. When we do pursue a project or acquisition, we may not succeed
in leasing newly developed or acquired properties at rents sufficient to cover the costs of acquisition or development and
operations. Difficulties in integrating acquisitions may prove costly or time-consuming and could divert management’s
attention. Acquisitions or developments in new markets or industries where we do not have the same level of market
knowledge may result in poorer than anticipated performance. We may also abandon acquisition or development
opportunities that management has begun pursuing and consequently fail to recover expenses already incurred and have
devoted management time to a matter not consummated. Furthermore, our acquisitions of new properties or companies
will expose us to the liabilities of those properties or companies, some of which we may not be aware at the time of
acquisition. In addition, development of our existing properties presents similar risks.
There is a lack of operating history with respect to our recent acquisitions and development of properties and we
may not succeed in the integration or management of additional properties.
These properties may have characteristics or deficiencies currently unknown to us that affect their value or revenue
potential. It is also possible that the operating performance of these properties may decline under our management. As
we acquire additional properties, we will be subject to risks associated with managing new properties, including lease-up
and tenant retention. In addition, our ability to manage our growth effectively will require us to successfully integrate our
new acquisitions into our existing management structure. We may not succeed with this integration or effectively manage
additional properties. Also, newly acquired properties may not perform as expected.
We face competition in leasing or developing properties.
We face competition in the acquisition, development, operation and sale of real property from others engaged in
real estate investment. Some of these competitors may have greater financial resources than we do. This could result
in competition for the acquisition of properties for tenants who lease or consider leasing space in our existing and
subsequently acquired properties and for other real estate investment opportunities.
Risks Related to Our Joint Venture and Preferred Equity Investments
We do not have exclusive control over our joint venture and preferred equity investments, such that we are unable
to ensure that our objectives will be pursued.
We have invested in some cases as a co-venturer or partner in properties instead of owning directly. In these
investments, we do not have exclusive control over the development, financing, leasing, management and other aspects of
these investments. As a result, the co-venturer or partner might have interests or goals that are inconsistent with ours, take
action contrary to our interests or otherwise impede our objectives. These investments involve risks and uncertainties,
including the risk of the co-venturer or partner failing to provide capital and fulfill its obligations, which may result in
certain liabilities to us for guarantees and other commitments, the risk of conflicts arising between us and our partners
and the difficulty of managing and resolving such conflicts, and the difficulty of managing or otherwise monitoring
such business arrangements. The co-venturer or partner also might become insolvent or bankrupt, which may result in
significant losses to us.
15
Although our joint venture arrangements may allow us to share risks with our joint-venture partners, these
arrangements may also decrease our ability to manage risk. Joint ventures have additional risks, such as:
•
•
•
•
•
•
potentially inferior financial capacity, diverging business goals and strategies and our need for the venture
partner continued cooperation;
our inability to take actions with respect to the joint venture activities that we believe are favorable if our joint
venture partner does not agree;
our inability to control the legal entity that has title to the real estate associated with the joint venture;
our lenders may not be easily able to sell our joint venture assets and investments or view them less favorably
as collateral, which could negatively affect our liquidity and capital resources;
our joint venture partners can take actions that we may not be able to anticipate or prevent, which could result
in negative impacts on our debt and equity; and
our joint venture partners’ business decisions or other actions or omissions may result in harm to our reputation
or adversely affect the value of our investments.
We may not be able to recover our investments in our joint venture or preferred equity investments, which may
result in significant losses to us.
Our joint venture and preferred equity investments generally own real estate properties for which the economic
performance and value is subject to all the risks associated with owning and operating real estate as described above.
Risks Related to Our International Operations
We have significant international operations, which may be affected by economic, political and other risks associated
with international operations, and this could adversely affect our business.
We invest in and conduct operations outside the United States. The risks we face in international business operations
include, but are not limited to:
•
•
•
•
•
•
•
•
•
currency risks, including currency fluctuations;
unexpected changes in legislative and regulatory requirements;
potential adverse tax burdens;
burdens of complying with different accounting and permitting standards, labor laws and a wide variety of
foreign laws;
obstacles to the repatriation of earnings and cash;
regional, national and local political uncertainty;
economic slowdown and/or downturn in foreign markets;
difficulties in staffing and managing international operations;
difficulty in administering and enforcing corporate policies, which may be different than the normal business
practices of local cultures; and
reduced protection for intellectual property in some countries.
•
Each of these risks might impact our cash flow or impair our ability to borrow funds, which ultimately could
adversely affect our business, financial condition, operating results and cash flows.
In order to fully develop our international operations, we must overcome cultural and language barriers and
assimilate different business practices. In addition, we are required to create compensation programs, employment
policies and other administrative programs that comply with laws of multiple countries. We also must communicate and
monitor standards and directives in our international locations. Our failure to successfully manage our geographically
diverse operations could impair our ability to react quickly to changing business and market conditions and to enforce
compliance with standards and procedures. Since a meaningful portion of our revenues are generated internationally, we
must devote substantial resources to managing our international operations.
16
Our future success will be influenced by our ability to anticipate and effectively manage these and other risks
associated with our international operations. Any of these factors could, however, materially adversely affect our
international operations and, consequently, our financial condition, results of operations and cash flows.
Our international operations are subject to a variety of laws and regulations, and we can predict neither the impact
of associated requirements to which our international operations may be subject nor the potential that we may face
regulatory sanctions.
Our international operations are subject to a variety of U.S. and foreign laws and regulations, including the U.S.
Foreign Corrupt Practices Act, or FCPA. We cannot assure you that we will continue to be found to be operating in
compliance with, or be able to detect violations of, any such laws or regulations. In addition, we cannot predict the nature,
scope or effect of future regulatory requirements to which our international operations might be subject or the manner in
which existing laws might be administered or interpreted.
We cannot assure you that our employees will adhere to our code of business ethics or any other of our policies,
applicable anti-corruption laws, including the FCPA, or other legal requirements. Failure to comply with these requirements
may subject us to legal, regulatory or other sanctions, which could adversely affect our financial condition, results of
operations and cash flows.
Risks Related to Our Financing Activities
We may be unable to obtain financing through the debt and equities market, which would have a material adverse
effect on our growth strategy, our results of operations and our financial condition.
The capital and credit markets have become increasingly volatile and constrained as a result of adverse conditions
that have caused the failure and near failure of a number of large financial services companies. We cannot assure you that
we will be able to access the capital and credit markets to obtain additional debt or equity financing or that we will be
able to obtain financing on favorable terms. The inability to obtain financing could have negative effects on our business,
such as:
• we could have great difficulty acquiring or developing properties, which would materially adversely affect our
business strategy;
our liquidity could be adversely affected;
•
• we may be unable to repay or refinance our indebtedness;
• we may need to make higher interest and principal payments or sell some of our assets on unfavorable terms
to fund our indebtedness; and
• we may need to issue additional capital stock, which could further dilute the ownership of our existing
shareholders.
Financial covenants to which we are subject may restrict our operating and acquisition activities.
Our revolving credit facilities and the indentures under which our senior unsecured debt is issued contain certain
financial and operating covenants, including, among other things, certain coverage ratios, as well as limitations on our
ability to incur debt, make dividend payments, sell all or substantially all of our assets and engage in mergers and
consolidations and certain acquisitions. These covenants may restrict our ability to pursue certain business initiatives or
certain acquisition transactions that might otherwise be advantageous. In addition, failure to meet any of the financial
covenants could cause an event of default under and/or accelerate some or all of our indebtedness, which would have a
material adverse effect on us.
Adverse changes in our credit ratings could impair our ability to obtain additional debt and equity financing on
favorable terms, if at all, and could significantly reduce the market price of our publicly traded securities.
Risks Related to the Market Price of Our Publicly Traded Securities
Changes in market conditions could adversely affect the market price of our publicly traded securities.
As with other publicly traded securities, the market price of our publicly traded securities depends on various
market conditions, which may change from time-to-time. Among the market conditions that may affect the market price
of our publicly traded securities are the following:
•
the extent of institutional investor interest in us;
17
•
•
•
•
•
the reputation of REITs generally and the reputation of REITs with portfolios similar to us;
the attractiveness of the securities of REITs in comparison to securities issued by other entities (including
securities issued by other real estate companies);
our financial condition and performance;
the market’s perception of our growth potential and potential future cash dividends;
an increase in market interest rates, which may lead prospective investors to demand a higher distribution rate
in relation to the price paid for our shares; and
general economic and financial market conditions.
•
We may change the dividend policy for our common stock in the future.
We may distribute taxable dividends that are partially payable in cash and partially payable in our stock. Under
recent IRS guidance, up to 90% of any such taxable dividend with respect to calendar years 2008 through 2011, and in
some cases declared as late as December 31,2012, could be payable in our stock if certain conditions are met. Although
we reserve the right to utilize this procedure in the future, we currently have no intent to do so. In the event that we pay a
portion of a dividend in shares of our common stock, taxable U.S. stockholders would be required to pay tax on the entire
amount of the dividend, including the portion paid in shares of common stock, in which case such stockholders might
have to pay the tax using cash from other sources. If a U.S. stockholder sells the stock it receives as a dividend in order to
pay this tax, the sales proceeds may be less than the amount included in income with respect to the dividend, depending
on the market price of our stock at the time of the sale. Furthermore, with respect to non-U.S. stockholders, we may be
required to withhold U.S. tax with respect to such dividend, including in respect of all or a portion of such dividend that is
payable in stock. In addition, if a significant number of our stockholders sell shares of our common stock in order to pay
taxes owed on dividends, such sales would put downward pressure on the market price of our common stock.
The decision to declare and pay dividends on our common stock in the future, as well as the timing, amount and
composition of any such future dividends, will be at the sole discretion of our Board of Directors and will depend on our
earnings, funds from operations, liquidity, financial condition, capital requirements, contractual prohibitions or other
limitations under our indebtedness and preferred stock, the annual distribution requirements under the REIT provisions
of the Code, state law and such other factors as our Board of Directors deems relevant. Any change in our dividend policy
could have a material adverse effect on the market price of our common stock.
Risks Related to Our Marketable Securities and Mortgage Receivables
We may not be able to recover our investments in marketable securities or mortgage receivables, which may result
in significant losses to us.
Our investments in marketable securities are subject to specific risks relating to the particular issuer of the
securities, including the financial condition and business outlook of the issuer, which may result in significant losses to
us. Marketable securities are generally unsecured and may also be subordinated to other obligations of the issuer. As a
result, investments in marketable securities are subject to risks of:
•
•
•
•
•
limited liquidity in the secondary trading market;
substantial market price volatility resulting from changes in prevailing interest rates;
subordination to the prior claims of banks and other senior lenders to the issuer;
the possibility that earnings of the issuer may be insufficient to meet its debt service and distribution obligations;
and
the declining creditworthiness and potential for insolvency of the issuer during periods of rising interest rates
and economic downturn.
The issuers of our marketable securities also might become insolvent or bankrupt, which may result in significant
losses to us.
18
These risks may adversely affect the value of outstanding marketable securities and the ability of the issuers to make
distribution payments.
We invest in mortgage receivables. Our investments in mortgage receivables normally are not insured or otherwise
guaranteed by any institution or agency. In the event of a default by a borrower, it may be necessary for us to foreclose our
mortgage or engage in costly negotiations. Delays in liquidating defaulted mortgage loans and repossessing and selling
the underlying properties could reduce our investment returns. Furthermore, in the event of default, the actual value of the
property securing the mortgage may decrease. A decline in real estate values will adversely affect the value of our loans
and the value of the mortgages securing our loans.
Our mortgage receivables may be or become subordinated to mechanics’ or materialmen’s liens or property tax
liens. In these instances we may need to protect a particular investment by making payments to maintain the current status
of a prior lien or discharge it entirely. In these cases, the total amount we recover may be less than our total investment,
resulting in a loss. In the event of a major loan default or several loan defaults resulting in losses, our investments in
mortgage receivables would be materially and adversely affected.
Risks Related to Environmental Regulations
We may be subject to environmental regulations.
Under various federal, state, and local laws, ordinances and regulations, we may be considered an owner or operator
of real property and may be responsible for paying for the disposal or treatment of hazardous or toxic substances released
on or in our property, as well as certain other potential costs which could relate to hazardous or toxic substances (including
governmental fines and injuries to persons and property). This liability may be imposed whether or not we knew about,
or were responsible for, the presence of hazardous or toxic substances.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None
ITEM 2. PROPERTIES
REAL ESTATE PORTFOLIO
As of December 31, 2009, the Company had interests in 1,915 properties, including 1,478 in retail operating
properties, 437 in non-retail properties, totaling approximately 176.9 million square feet of GLA located in 45 states,
Puerto Rico, Canada, Mexico and South America. The Company’s portfolio includes interests ranging from 5% to 50%
in 433 shopping center properties comprising approximately 65.8 million square feet of GLA relating to the Company’s
investment management programs and other joint ventures. Neighborhood and community shopping centers comprise
the primary focus of the Company’s current portfolio. As of December 31, 2009, the Company’s total shopping center
portfolio, comprised of total GLA of 127.3 million from 912 properties, was approximately 92.6% leased.
The Company’s neighborhood and community shopping center properties, which are generally owned and operated
through subsidiaries or joint ventures, had an average size of approximately 140,000 square feet as of December 31, 2009.
The Company generally retains its shopping centers for long-term investment and consequently pursues a program of
regular physical maintenance together with major renovations and refurbishing to preserve and increase the value of its
properties.
These projects usually include renovating existing facades, installing uniform signage, resurfacing parking lots and
enhancing parking lot lighting. During 2009, the Company capitalized approximately $9.2 million in connection with
these property improvements and expensed to operations approximately $20.3 million.
The Company’s neighborhood and community shopping centers are usually “anchored” by a national or regional
discount department store, supermarket or drugstore. As one of the original participants in the growth of the shopping
center industry and one of the nation’s largest owners and operators of shopping centers, the Company has established
close relationships with a large number of major national and regional retailers. Some of the major national and regional
companies that are tenants in the Company’s shopping center properties include The Home Depot, TJX Companies, Sears
Holdings, Wal-Mart, Kohl’s, Costco, Best Buy and Royal Ahold.
19
A substantial portion of the Company’s income consists of rent received under long-term leases. Most of the leases
provide for the payment of fixed-base rentals monthly in advance and for the payment by tenants of an allocable share
of the real estate taxes, insurance, utilities and common area maintenance expenses incurred in operating the shopping
centers. Although many of the leases require the Company to make roof and structural repairs as needed, a number
of tenant leases place that responsibility on the tenant, and the Company’s standard small store lease provides for roof
repairs to be reimbursed by the tenant as part of common area maintenance. The Company’s management places a strong
emphasis on sound construction and safety at its properties.
Approximately 20.9% of the Company’s leases also contain provisions requiring the payment of additional rent
calculated as a percentage of tenants’ gross sales above predetermined thresholds. Percentage rents accounted for less
than 1% of the Company’s revenues from rental property for the year ended December 31, 2009. Additionally, a majority
of the Company’s leases have built in contractual rent increases as well as escalation clauses. Such escalation clauses
often include increases based upon changes in the consumer price index or similar inflation indices.
Minimum base rental revenues and operating expense reimbursements accounted for approximately 98% of the
Company’s total revenues from rental property for the year ended December 31, 2009. The Company’s management
believes that the base rent per leased square foot for many of the Company’s existing leases is generally lower than the
prevailing market-rate base rents in the geographic regions where the Company operates, reflecting the potential for
future growth.
As of December 31, 2009, the Company’s consolidated portfolio, comprised of 61.5 million square feet of GLA,
was 92.2% leased. For the period January 1, 2009 to December 31, 2009, the Company increased the average base rent
per leased square foot in its U.S. consolidated portfolio of neighborhood and community shopping centers from $10.63
to $11.13, an increase of $0.50. This increase primarily consists of (i) a $0.38 increase relating to acquisitions, (ii) a $0.03
increase relating to dispositions or the transfer of properties to various joint venture entities and (iii) a $0.09 increase
relating to new leases signed net of leases vacated and rent step-ups within the portfolio. For the period January 1,
2009 to December 31, 2009, the Company increased the average base rent per leased square foot in its Latin American
consolidated portfolio of neighborhood and community shopping centers from $11.58 to $11.69, an increase of $0.11
primarily relating to new leases signed net of leases vacated and rent step-ups within the portfolio.
The Company seeks to reduce its operating and leasing risks through geographic and tenant diversity. No single
neighborhood and community shopping center accounted for more than 1.0% of the Company’s total shopping center GLA
or more than 1.2% of total annualized base rental revenues as of December 31, 2009. The Company’s five largest tenants
at December 31, 2009, were The Home Depot, TJX Companies, Sears Holdings, Wal-Mart and Kohl’s, which represent
approximately 3.3%, 2.6%, 2.5%, 2.2% and 2.0%, respectively, of the Company’s annualized base rental revenues,
including the proportionate share of base rental revenues from properties in which the Company has less than a 100%
economic interest. The Company maintains an active leasing and capital improvement program that, combined with the
high quality of the locations, has made, in management’s opinion, the Company’s properties attractive to tenants.
The Company’s management believes its experience in the real estate industry and its relationships with numerous
national and regional tenants gives it an advantage in an industry where ownership is fragmented among a large number
of property owners.
RETAIL STORE LEASES
In addition to neighborhood and community shopping centers, as of December 31, 2009, the Company had interests
in retail store leases totaling approximately 1.5 million square feet of anchor stores in 16 neighborhood and community
shopping centers located in 11 states. As of December 31, 2009, approximately 92.6% of the space in these anchor stores
had been sublet to retailers that lease the stores under net lease agreements providing for average annualized base rental
payments of $4.54 per square foot. The average annualized base rental payments under the Company’s retail store leases
to the landowners of such subleased stores are approximately $2.50 per square foot. The average remaining primary term
of the retail store leases (and, similarly, the remaining primary term of the sublease agreements with the tenants currently
leasing such space) is approximately four years, excluding options to renew the leases for terms which generally range
from five years to 20 years. The Company’s investment in retail store leases is included in the caption Other real estate
investments in the Company’s Consolidated Balance Sheets.
20
GROUND-LEASED PROPERTIES
The Company has interests in 51 consolidated shopping center properties and interests in 21 shopping center
properties in unconsolidated joint ventures that are subject to long-term ground leases where a third party owns and has
leased the underlying land to the Company (or an affiliated joint venture) to construct and/or operate a shopping center.
The Company or the joint venture pays rent for the use of the land and generally is responsible for all costs and expenses
associated with the building and improvements. At the end of these long-term leases, unless extended, the land together
with all improvements revert to the landowner.
GROUND-UP DEVELOPMENT PROPERTIES
The Company is engaged in ground-up development projects which consist of (i) U.S. ground-up development
projects which will be held as long-term investments by the Company and (ii) various ground-up development projects
located in Latin America for long-term investment (see Recent Developments - International Real Estate Investments
and Note 3 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K). During
2009, the Company changed its merchant building business strategy from a sale upon completion strategy to a long-term
hold strategy. Those properties previously considered merchant building are now either placed in service or included
in U.S. ground-up development. The ground-up development projects generally have significant pre-leasing prior to
the commencement of construction. As of December 31, 2009, the Company had in progress a total of 11 ground-up
development projects, consisting of seven ground-up development projects located throughout Mexico, two ground-
up development projects located in the U.S., one ground-up development project located in Chile, and one ground-up
development project located in Brazil.
UNDEVELOPED LAND
The Company owns certain unimproved land tracts and parcels of land adjacent to certain of its existing shopping
centers that are held for possible expansion. At times, should circumstances warrant, the Company may develop or
dispose of these parcels.
The table on pages 23 through 36 sets forth more specific information with respect to each of the Company’s
property interests.
ITEM 3. LEGAL PROCEEDINGS
The Company is not presently involved in any litigation nor, to its knowledge, is any litigation threatened against the
Company or its subsidiaries that, in management’s opinion, would result in any material adverse effect on the Company’s
ownership, management or operation of its properties taken as a whole, or which is not covered by the Company’s liability
insurance.
ITEM 4. RESERVED
21
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
9
2
0
2
5
3
0
2
9
1
0
2
5
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
L
A
V
I
N
R
A
C
E
O
H
S
9
2
0
2
0
3
0
2
9
1
0
2
0
2
0
2
E
G
E
L
L
O
C
A
I
N
I
G
R
I
V
O
C
T
E
P
8
1
0
2
2
1
0
2
Y
V
A
N
D
L
O
9
3
0
2
9
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
5
2
0
2
2
2
0
2
5
2
0
2
8
5
0
2
2
2
0
2
5
1
0
2
6
1
0
2
0
1
0
2
8
2
0
2
2
1
0
2
S
G
N
I
H
S
I
N
R
U
F
F
P
S
5
2
0
2
S
N
E
N
I
L
S
’
A
N
N
A
8
1
0
2
T
O
P
E
D
E
M
O
H
7
5
0
2
S
L
E
A
H
C
M
I
0
3
0
2
S
L
E
A
H
C
M
I
7
2
0
2
7
1
0
2
2
1
0
2
O
M
O
M
K
-
5
2
0
2
2
3
0
2
9
2
0
2
3
1
0
2
5
1
0
2
0
2
0
2
7
2
0
2
7
1
0
2
0
1
0
2
2
2
0
2
4
1
0
2
R
O
C
E
D
&
R
O
O
L
F
S
L
E
A
H
C
M
I
E
R
U
T
I
N
R
U
F
R
O
M
S
S
E
L
R
O
F
S
C
I
R
B
A
F
N
N
A
-
O
J
S
’
E
O
J
R
E
D
A
R
T
A
S
M
A
F
S
P
O
H
S
O
R
P
S
S
A
B
7
7
0
2
R
E
T
N
E
C
R
A
T
I
U
G
3
2
0
2
9
1
0
2
4
1
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
7
5
0
2
7
2
0
2
O
C
T
S
O
C
6
2
0
2
6
1
0
2
1
1
0
2
1
1
0
2
R
E
T
N
E
C
T
N
U
O
C
S
I
D
1
$
X
A
M
E
C
I
F
F
O
3
3
0
2
5
2
0
2
2
2
0
2
1
3
0
2
9
2
0
2
7
2
0
2
3
3
0
2
9
2
0
2
6
3
0
2
0
2
0
2
6
2
0
2
7
2
0
2
3
2
0
2
4
2
0
2
3
2
0
2
8
1
0
2
3
1
0
2
4
1
0
2
6
1
0
2
5
1
0
2
0
1
0
2
6
1
0
2
0
1
0
2
2
1
0
2
3
1
0
2
4
1
0
2
3
1
0
2
4
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
,
D
E
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
N
E
N
I
L
S
’
A
N
N
A
S
L
E
A
H
C
M
I
9
2
0
2
4
3
0
2
8
2
0
2
E
R
A
C
V
A
N
6
8
0
2
T
N
U
O
C
S
I
D
S
’
D
D
D
I
A
E
T
I
R
3
3
0
2
7
2
0
2
S
U
’
R
’
S
D
I
K
S
V
C
4
2
0
2
4
2
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
6
2
0
2
Y
A
W
E
F
A
S
2
2
0
2
O
C
T
E
P
4
2
0
2
5
3
0
2
3
2
0
2
6
1
0
2
2
1
0
2
1
1
0
2
4
1
0
2
2
1
0
2
4
1
0
2
0
1
0
2
6
1
0
2
3
1
0
2
2
1
0
2
5
2
0
2
7
1
0
2
5
1
0
2
4
1
0
2
0
1
0
2
2
1
0
2
1
1
0
2
4
1
0
2
5
1
0
2
S
E
I
R
T
S
U
D
N
I
L
L
I
W
D
O
O
G
S
E
L
P
A
T
S
2
3
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
E
E
R
T
R
A
L
L
O
D
E
R
U
T
I
N
R
U
F
Y
E
L
H
S
A
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
T
R
A
M
S
T
E
P
K
C
A
R
M
O
R
T
S
D
R
O
N
T
R
A
M
-
L
A
W
T
O
P
E
D
E
M
O
H
T
R
A
M
S
T
E
P
T
R
A
M
S
T
E
P
T
A
O
C
N
O
T
G
N
I
L
R
U
B
Y
R
O
T
C
A
F
8
1
0
2
2
2
0
2
4
2
0
2
9
3
0
2
1
4
0
2
3
2
0
2
2
5
0
2
9
7
0
2
2
4
0
2
8
3
0
2
7
2
0
2
6
5
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
L
E
A
H
C
M
I
3
4
0
2
3
5
0
2
0
5
0
2
S
L
L
A
H
S
R
A
M
1
2
0
2
R
E
P
U
S
L
E
D
I
A
E
T
I
R
D
I
A
E
T
I
R
S
V
C
9
2
0
2
9
1
0
2
M
Y
G
N
A
M
O
W
L
A
T
O
T
1
3
0
2
5
3
0
2
1
3
0
2
7
3
0
2
8
4
0
2
6
4
0
2
6
4
0
2
9
6
0
2
5
1
0
2
6
4
0
2
0
5
0
2
1
4
0
2
9
3
0
2
1
3
0
2
7
1
0
2
9
6
0
2
7
5
0
2
2
3
0
2
2
2
0
2
6
4
0
2
6
2
0
2
8
4
0
2
0
2
0
2
1
2
0
2
7
1
0
2
8
1
0
2
6
1
0
2
8
1
0
2
1
1
0
2
9
1
0
2
0
1
0
2
6
1
0
2
7
2
0
2
8
1
0
2
0
2
0
2
1
1
0
2
4
1
0
2
6
1
0
2
2
1
0
2
9
1
0
2
7
2
0
2
2
2
0
2
2
1
0
2
6
1
0
2
1
1
0
2
2
2
0
2
0
1
0
2
7
1
0
2
3
1
0
2
3
1
0
2
4
1
0
2
4
2
0
2
1
2
0
2
3
1
0
2
2
2
0
2
9
2
0
2
2
1
0
2
2
1
0
2
3
1
0
2
1
1
0
2
2
1
0
2
6
2
0
2
1
1
0
2
8
1
0
2
4
2
0
2
5
2
0
2
1
1
0
2
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
E
R
U
T
I
N
R
U
F
R
O
M
Y
A
W
E
F
A
S
S
S
E
L
R
O
F
O
C
T
S
O
C
S
R
O
O
D
T
U
O
T
O
P
E
D
E
M
O
H
S
L
E
A
H
C
M
I
0
.
8
9
0
.
0
0
1
0
.
3
9
0
.
7
9
0
.
4
8
0
.
0
0
1
0
.
5
4
0
.
8
8
0
0
0
,
4
6
1
9
5
7
,
6
4
1
8
2
4
,
0
7
2
2
7
,
7
8
8
8
3
,
3
3
3
8
0
0
,
1
9
1
2
5
4
,
5
4
1
5
7
3
,
7
0
3
6
.
4
2
7
.
4
1
0
.
7
5
.
6
1
5
.
0
4
2
.
8
1
8
.
9
1
4
.
9
2
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
&
S
T
R
O
P
S
Y
M
E
D
A
C
A
N
O
I
L
L
I
M
A
-
-
S
K
O
O
B
0
.
4
8
0
.
9
6
2
0
6
,
6
1
1
3
2
0
,
0
6
3
2
.
8
7
1
8
.
8
4
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
T
R
A
M
-
L
A
W
0
.
0
9
5
3
7
,
1
1
1
,
1
8
.
7
7
1
E
S
A
E
L
D
N
U
O
R
G
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
Z
E
L
A
Z
N
O
G
E
T
A
G
H
T
R
O
N
O
C
T
S
O
C
S
R
E
H
T
O
R
B
R
E
T
A
T
S
T
R
A
M
E
V
A
S
X
X
A
M
D
O
O
F
1
2
R
E
V
E
R
O
F
S
T
E
K
R
A
M
S
H
P
L
A
R
T
O
P
E
D
E
M
O
H
Y
R
O
T
C
A
F
Y
A
W
E
F
A
S
O
C
T
S
O
C
W
M
B
N
A
M
P
A
H
C
E
E
R
T
R
A
L
L
O
D
0
.
3
9
0
.
4
9
0
.
8
8
0
.
0
0
1
0
.
2
4
0
.
0
0
1
0
.
9
9
0
.
0
0
1
0
.
4
9
0
.
8
8
0
.
4
9
0
.
4
9
0
.
5
8
S
R
E
H
T
O
R
B
R
E
T
A
T
S
0
.
0
0
1
S
L
L
A
H
S
R
A
M
T
O
P
E
D
E
M
O
H
X
X
A
M
D
O
O
F
S
’
Y
E
L
A
R
O
A
C
A
R
U
C
A
L
E
E
R
T
R
A
L
L
O
D
S
R
E
H
T
O
R
B
R
E
T
A
T
S
S
L
L
A
H
S
R
A
M
O
C
T
S
O
C
O
C
T
S
O
C
S
N
O
V
S
E
L
P
A
T
S
0
.
5
8
0
.
2
9
0
.
4
8
0
.
8
8
0
.
0
0
1
0
.
9
8
0
.
0
0
1
0
.
4
9
0
.
0
0
1
0
.
8
9
0
.
2
8
0
.
3
9
0
.
0
5
0
8
1
,
3
5
1
4
3
3
,
9
2
2
1
2
6
,
1
3
1
0
1
4
,
6
1
9
7
3
,
4
9
4
7
1
,
0
9
1
5
5
4
,
5
9
1
6
9
3
,
5
1
6
3
2
,
7
4
3
7
4
2
,
5
8
1
5
8
0
,
5
0
1
7
6
9
,
7
7
8
9
9
,
9
1
1
1
1
5
,
3
1
1
8
2
9
,
0
6
1
1
2
7
,
3
1
2
0
6
5
,
9
1
6
3
3
,
4
6
2
2
1
8
,
9
6
7
7
5
,
1
4
3
4
6
2
,
8
6
1
2
5
3
,
3
7
5
3
3
,
6
5
3
2
3
5
,
3
1
2
8
9
9
,
1
9
4
5
0
8
,
8
4
1
2
6
5
,
8
7
2
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
0
0
1
4
6
1
,
0
3
2
T
E
K
R
A
M
H
C
N
A
R
9
9
T
O
P
E
D
E
M
O
H
0
.
1
9
0
.
8
9
3
3
5
,
4
1
1
2
8
6
,
9
9
5
Y
L
P
P
U
S
D
R
A
H
C
R
O
0
.
3
9
8
2
7
,
4
5
1
T
E
K
R
A
M
R
I
A
L
E
B
S
N
O
S
T
R
E
B
L
A
E
R
A
W
D
R
A
H
D
I
A
E
T
I
R
S
’
L
H
O
K
0
.
0
9
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
1
9
0
.
0
7
0
.
4
8
6
9
3
,
8
9
3
4
3
,
8
2
1
0
3
1
,
0
3
0
8
8
,
7
6
1
2
,
9
8
5
1
0
,
4
3
4
3
7
,
9
1
1
0
.
7
1
4
.
3
1
6
.
6
2
5
.
7
1
6
.
1
4
.
9
8
.
7
1
4
.
8
1
0
.
1
1
.
6
3
1
.
9
1
5
.
8
1
.
5
1
.
3
1
1
.
9
1
.
1
2
5
.
8
1
3
.
1
4
.
6
2
3
.
7
0
.
3
3
1
.
3
1
2
.
7
5
.
3
4
.
6
1
.
8
4
3
.
2
1
0
.
6
2
5
.
1
1
6
.
5
2
4
.
2
1
4
.
0
1
9
.
0
1
3
.
2
8
.
0
1
.
8
0
.
5
1
.
9
)
8
7
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
2
3
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
3
5
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
7
0
0
2
6
0
0
2
6
0
0
2
3
0
0
2
9
0
0
2
7
0
0
2
8
9
9
1
3
0
0
2
8
9
9
1
9
0
0
2
5
0
0
2
8
9
9
1
8
9
9
1
8
9
9
1
7
9
9
1
8
9
9
1
6
0
0
2
3
0
0
2
8
9
9
1
5
9
9
1
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
8
9
9
1
6
0
0
2
8
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
8
0
0
2
8
9
9
1
6
0
0
2
8
9
9
1
7
0
0
2
0
0
0
2
6
0
0
2
2
0
0
2
6
0
0
2
9
0
0
2
3
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
)
7
(
E
L
I
B
O
M
R
E
V
O
O
H
A
M
A
B
A
L
A
E
G
A
R
O
H
C
N
A
)
0
1
(
I
A
N
E
K
E
L
A
D
N
E
L
G
E
L
A
D
N
E
L
G
A
N
O
Z
I
R
A
A
K
S
A
L
A
)
4
(
E
L
A
D
N
E
L
G
)
0
1
(
A
N
A
R
A
M
A
S
E
M
A
S
E
M
A
S
E
M
I
X
N
E
O
H
P
H
T
R
O
N
)
0
1
(
I
X
N
E
O
H
P
)
3
(
I
X
N
E
O
H
P
)
0
1
(
N
O
S
C
U
T
I
X
N
E
O
H
P
I
X
N
E
O
H
P
I
X
N
E
O
H
P
A
R
B
M
A
H
L
A
M
I
E
H
A
N
A
)
3
(
M
I
E
H
A
N
A
)
3
(
M
I
E
H
A
N
A
)
3
(
M
I
E
H
A
N
A
P
M
A
C
S
’
L
E
G
N
A
E
P
O
L
E
T
N
A
)
3
(
R
E
W
O
L
F
L
L
E
B
A
I
N
R
O
F
I
L
A
C
22
)
3
(
D
A
B
S
L
R
A
C
L
E
A
H
C
M
R
A
C
I
)
5
(
O
C
H
C
I
)
3
(
O
N
H
C
I
)
3
(
O
N
H
C
I
O
C
H
C
I
O
C
H
C
I
S
L
L
I
H
O
N
H
C
I
A
T
S
I
V
A
L
U
H
C
)
5
(
A
M
L
O
C
A
N
O
R
O
C
A
N
O
R
O
C
)
4
(
I
A
N
V
O
C
O
N
I
T
R
E
P
U
C
Y
T
I
C
Y
L
A
D
)
3
(
N
I
L
B
U
D
)
0
1
(
N
O
J
A
C
L
E
N
O
J
A
C
L
E
E
V
O
R
G
K
L
E
E
V
O
R
G
K
L
E
)
3
(
E
V
O
R
G
K
L
E
)
3
(
E
V
O
R
G
K
L
E
)
3
(
S
A
T
I
N
C
N
E
I
4
3
0
2
4
1
0
2
S
V
C
4
3
0
2
4
1
0
2
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
4
3
0
2
0
3
0
2
1
3
0
2
7
3
0
2
4
1
0
2
5
1
0
2
1
1
0
2
2
1
0
2
S
S
E
N
T
I
F
L
A
T
O
T
Y
L
L
A
B
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
L
L
A
H
S
R
A
M
S
R
E
T
A
E
H
T
C
M
A
1
2
0
2
5
2
0
2
3
2
0
2
4
4
0
2
7
3
0
2
5
3
0
2
9
1
0
2
4
1
0
2
B
U
L
C
A
B
U
Y
H
T
U
O
S
3
3
0
2
8
1
0
2
3
1
0
2
R
A
L
L
O
D
7
S
E
I
V
O
M
0
2
0
2
E
R
T
A
E
H
T
1
2
0
2
0
3
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
5
G
B
I
D
I
A
E
T
I
R
5
5
0
2
7
5
0
2
8
1
0
2
6
1
0
2
S
V
C
8
3
0
2
1
1
0
2
0
1
0
2
3
1
0
2
4
1
0
2
2
1
0
2
5
1
0
2
3
1
0
2
2
1
0
2
1
1
0
2
5
1
0
2
5
1
0
2
0
1
0
2
7
2
0
2
3
1
0
2
1
1
0
2
3
2
0
2
2
2
0
2
0
2
0
2
6
1
0
2
2
3
0
2
1
3
0
2
5
4
0
2
0
2
0
2
3
3
0
2
0
2
0
2
8
2
0
2
9
2
0
2
8
2
0
2
2
2
0
2
2
1
0
2
5
1
0
2
1
1
0
2
2
1
0
2
6
1
0
2
0
2
0
2
0
1
0
2
3
1
0
2
2
1
0
2
0
1
0
2
1
2
0
2
3
1
0
2
0
1
0
2
E
C
I
V
R
E
S
L
A
T
S
O
P
.
.
S
U
S
E
R
T
A
E
H
T
C
M
A
3
4
0
2
5
3
0
2
S
L
E
A
H
C
M
I
S
T
O
L
G
B
I
7
2
0
2
3
2
0
2
8
2
0
2
S
’
Y
E
L
A
R
0
4
0
2
E
C
I
V
R
E
S
L
A
T
S
O
P
.
.
S
U
2
5
0
2
S
S
E
N
T
I
F
R
U
O
H
4
2
D
I
A
E
T
I
R
T
O
P
E
D
E
C
I
F
F
O
T
R
A
M
S
T
E
P
0
2
0
2
2
4
0
2
4
3
0
2
3
1
0
2
8
1
0
2
0
1
0
2
8
1
0
2
7
1
0
2
3
1
0
2
3
1
0
2
1
1
0
2
2
2
0
2
3
1
0
2
5
1
0
2
2
1
0
2
4
1
0
2
1
1
0
2
8
1
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
5
G
B
I
1
1
0
2
E
S
S
U
R
E
T
T
O
L
R
A
H
C
3
1
0
2
S
E
L
P
A
T
S
8
2
0
2
2
1
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
5
G
B
I
3
2
0
2
3
1
0
2
8
1
0
2
5
3
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
E
G
A
R
O
T
S
F
L
E
S
E
C
I
R
P
T
R
A
M
D
S
0
3
0
2
5
1
0
2
S
V
C
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
S
E
R
T
A
E
H
T
C
M
A
D
I
A
E
T
I
R
S
N
O
V
S
V
C
E
C
N
A
D
O
V
I
V
Y
E
N
N
E
P
C
J
S
T
O
L
G
B
I
S
V
C
D
I
A
E
T
I
R
E
C
I
V
R
E
S
L
A
T
S
O
P
.
.
S
U
2
3
0
2
1
2
0
2
8
4
0
2
8
3
0
2
0
5
0
2
5
2
0
2
4
3
0
2
2
4
0
2
0
2
0
2
3
3
0
2
1
7
0
2
5
2
0
2
6
3
0
2
9
4
0
2
2
3
0
2
S
T
F
A
R
C
D
R
A
H
C
I
R
U
-
2
Y
R
O
T
C
A
F
S
V
C
0
5
0
2
6
6
0
2
4
2
0
2
7
3
0
2
S
N
O
V
5
3
0
2
S
T
E
K
R
A
M
R
O
I
R
E
P
U
S
8
1
0
2
T
E
K
R
A
M
S
’
N
O
S
L
E
G
E
L
B
O
N
&
S
E
N
R
A
B
D
I
A
E
T
I
R
S
U
R
S
Y
O
T
S
V
C
T
O
P
E
D
E
M
O
H
4
2
0
2
2
6
0
2
6
2
0
2
4
5
0
2
0
4
0
2
8
2
0
2
0
6
0
2
S
U
L
P
S
P
M
A
L
6
2
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
D
I
A
E
T
I
R
S
S
E
L
4
D
O
O
F
S
V
C
T
E
L
A
H
C
S
T
R
O
P
S
S
D
O
O
G
E
M
O
H
4
3
0
2
4
6
0
2
8
3
0
2
2
3
0
2
0
4
0
2
8
2
0
2
4
3
0
2
6
2
0
2
9
3
0
2
9
2
0
2
9
2
0
2
1
3
0
2
0
6
0
2
3
3
0
2
7
3
0
2
4
4
0
2
3
2
0
2
7
1
0
2
1
1
0
2
8
1
0
2
3
1
0
2
5
2
0
2
5
1
0
2
4
1
0
2
7
1
0
2
0
1
0
2
8
1
0
2
8
1
0
2
6
1
0
2
5
1
0
2
6
1
0
2
4
2
0
2
2
1
0
2
5
1
0
2
4
1
0
2
6
2
0
2
4
1
0
2
2
1
0
2
2
1
0
2
3
1
0
2
4
1
0
2
2
1
0
2
1
1
0
2
4
2
0
2
0
2
0
2
6
1
0
2
5
2
0
2
4
1
0
2
6
1
0
2
4
2
0
2
4
2
0
2
3
1
0
2
8
1
0
2
0
1
0
2
2
1
0
2
3
1
0
2
4
1
0
2
1
1
0
2
0
1
0
2
9
1
0
2
4
1
0
2
6
1
0
2
0
3
0
2
8
1
0
2
7
1
0
2
4
1
0
2
3
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
K
C
U
H
C
/
S
U
’
R
’
S
Y
O
T
E
S
E
E
H
C
E
.
T
R
A
M
E
V
A
S
S
S
E
N
T
I
F
A
L
S
’
Y
E
L
A
R
S
’
L
H
O
K
T
R
A
M
E
V
A
S
Y
A
W
E
F
A
S
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
5
9
0
.
5
9
0
.
0
0
1
0
.
0
0
1
0
.
4
9
0
.
0
0
1
0
.
0
9
0
.
5
9
S
E
R
O
T
S
Y
L
N
O
S
T
N
E
C
9
9
S
N
O
S
T
R
E
B
L
A
S
’
Y
E
L
A
R
S
’
Y
E
L
A
R
S
U
R
S
Y
O
T
S
’
Y
E
L
A
R
S
N
O
V
0
.
0
8
0
.
3
9
0
.
7
8
0
.
0
9
0
.
5
8
0
.
0
0
1
0
.
4
9
T
E
K
R
A
M
H
C
N
A
R
9
9
0
.
0
0
1
7
5
1
,
1
3
2
6
6
8
,
4
0
1
5
5
2
,
8
0
1
9
3
2
,
1
3
1
6
6
6
,
4
0
5
8
2
2
,
1
2
1
1
8
5
,
2
0
1
4
3
3
,
0
7
2
7
8
9
,
5
6
4
8
1
,
0
4
1
1
6
4
,
7
1
2
2
1
0
,
5
3
1
1
1
9
,
0
8
6
5
7
,
8
4
1
5
6
6
,
7
6
2
8
7
,
1
6
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
S
E
L
4
D
O
O
F
/
S
H
P
L
A
R
Y
A
W
E
F
A
S
S
’
Y
C
A
M
0
.
7
9
0
.
7
8
0
.
9
8
0
0
0
,
0
6
1
9
5
5
,
9
1
1
3
6
3
,
4
0
1
5
9
1
,
5
6
1
T
E
G
R
A
T
0
.
8
9
5
7
5
,
7
2
2
T
R
A
M
K
0
.
8
9
4
4
7
,
9
6
1
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
’
E
O
J
R
E
D
A
R
T
Y
A
W
E
F
A
S
L
A
N
I
F
&
T
R
A
M
S
T
R
A
M
E
V
A
S
E
V
A
S
N
’
K
A
P
T
O
P
E
D
E
M
O
H
T
E
G
R
A
T
S
’
Y
E
L
A
R
S
R
A
E
S
X
X
A
M
J
T
0
.
4
9
0
.
6
8
0
.
2
7
0
.
4
5
0
.
7
9
0
.
1
8
0
.
0
0
1
0
.
0
0
1
0
.
9
9
0
.
4
9
0
.
2
8
0
.
8
8
0
.
8
5
0
.
0
9
T
R
A
M
E
V
A
S
Y
A
W
E
F
A
S
T
R
A
M
N
I
E
T
S
S
S
E
L
4
D
O
O
F
S
N
O
V
S
V
C
0
.
6
9
0
.
4
9
0
.
8
8
0
.
7
6
0
.
1
9
0
.
4
8
0
.
9
8
0
.
8
5
T
E
G
R
A
T
0
.
0
0
1
E
R
A
W
D
R
A
H
Y
L
P
P
U
S
D
R
A
H
C
R
O
0
.
0
0
1
5
5
4
,
9
1
3
9
3
,
6
9
0
5
3
,
7
2
2
0
4
,
4
1
2
9
8
4
,
1
5
2
0
3
6
,
3
6
1
2
6
3
,
3
0
1
0
3
5
,
9
4
3
2
1
8
,
8
5
1
8
2
8
,
3
3
1
5
7
7
,
6
6
3
8
7
3
,
2
9
3
6
3
,
8
8
1
1
8
,
0
6
1
0
8
5
,
1
7
1
1
7
8
,
8
6
1
1
8
2
,
4
0
1
0
0
0
,
5
7
1
3
1
7
,
1
2
1
6
4
8
,
6
8
2
9
1
0
,
6
5
6
5
1
,
5
6
1
0
0
2
,
3
2
6
7
8
,
1
2
9
2
4
,
9
4
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
7
9
8
0
1
,
6
8
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
Y
R
O
T
C
A
F
Y
T
I
C
D
O
O
F
A
E
S
M
O
R
T
S
D
R
O
N
Y
A
W
E
F
A
S
O
C
T
S
O
C
R
E
P
M
U
J
I
M
A
L
C
0
.
6
9
0
.
0
0
1
0
.
0
9
0
.
0
0
1
0
.
0
0
1
0
.
9
7
0
.
4
9
3
9
4
,
8
8
1
1
7
1
,
1
8
4
7
8
,
8
8
1
9
1
9
,
5
2
2
5
7
3
,
1
1
4
0
0
0
,
5
3
0
8
0
,
9
4
1
.
3
2
6
.
9
5
.
9
9
.
1
1
7
.
1
5
8
.
0
1
9
.
9
3
.
0
2
5
.
6
5
.
1
1
0
.
0
3
1
.
2
1
2
.
7
0
.
2
1
2
.
9
2
.
1
3
1
.
0
2
0
.
0
1
.
3
1
1
.
8
6
.
4
1
0
.
0
1
.
1
2
.
7
6
.
1
9
.
7
1
4
.
5
2
7
.
3
3
1
.
8
5
.
4
3
3
.
9
3
.
1
1
7
.
2
4
5
.
9
2
.
0
1
3
.
7
1
4
.
4
1
6
.
3
1
5
.
7
0
.
0
3
.
8
1
.
7
1
2
.
5
9
.
6
1
6
.
4
8
.
1
4
.
6
0
.
5
3
.
0
2
0
.
9
1
.
3
2
0
.
0
8
.
6
2
9
.
5
4
.
3
1
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
5
2
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
9
5
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
0
5
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
0
7
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
5
7
0
2
(
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
8
4
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
2
4
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
6
0
0
2
6
0
0
2
3
0
0
2
6
0
0
2
7
0
0
2
9
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
8
0
0
2
8
9
9
1
6
0
0
2
7
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
0
0
0
2
6
0
0
2
3
0
0
2
6
0
0
2
5
0
0
2
9
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
8
9
9
1
4
0
0
2
6
0
0
2
7
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
9
0
0
2
8
0
0
2
9
0
0
2
7
0
0
2
6
0
0
2
7
0
0
2
9
0
0
2
9
0
0
2
7
0
0
2
)
3
(
I
O
D
D
N
O
C
S
E
)
3
(
S
K
A
O
R
A
F
I
)
0
1
(
M
O
S
L
O
F
)
3
(
T
N
O
M
E
R
F
)
3
(
T
N
O
M
E
R
F
)
3
(
O
N
S
E
R
F
O
N
S
E
R
F
)
3
(
N
O
T
R
E
L
L
U
F
)
3
(
S
T
H
G
I
E
H
A
D
N
E
I
C
A
H
)
3
(
D
R
A
W
Y
A
H
)
3
(
H
C
A
E
B
N
O
T
G
N
I
T
N
U
H
)
3
(
Y
E
L
L
A
V
S
S
A
R
G
)
3
(
Y
A
B
E
T
I
N
A
R
G
)
3
(
A
N
E
D
R
A
G
S
L
L
I
H
A
N
U
G
A
L
)
5
(
N
L
O
C
N
I
L
)
3
(
S
E
L
E
G
N
A
S
O
L
)
3
(
E
R
O
M
R
E
V
I
L
)
3
(
S
E
L
E
G
N
A
S
O
L
)
4
(
O
L
L
E
B
E
T
N
O
M
)
3
(
A
G
A
R
O
M
)
0
1
(
L
L
I
H
N
A
G
R
O
M
A
P
A
N
)
3
(
A
C
E
T
N
A
M
A
C
E
T
N
A
M
)
3
(
O
T
S
E
D
O
M
D
E
C
R
E
M
I
E
G
D
R
H
T
R
O
N
O
T
A
V
O
N
)
3
(
E
D
I
S
N
A
E
C
O
)
3
(
E
D
I
S
N
A
E
C
O
)
3
(
E
L
A
V
E
G
N
A
R
O
)
3
(
E
D
I
S
N
A
E
C
O
)
4
(
D
R
A
N
X
O
)
6
(
A
C
I
F
I
C
A
P
)
3
(
A
C
I
F
I
C
A
P
N
O
T
N
A
S
A
E
L
P
Y
A
W
O
P
A
D
A
R
M
A
L
I
N
O
S
K
C
A
J
)
3
(
E
N
R
E
V
A
L
)
3
(
A
G
N
O
M
A
C
U
C
O
H
C
N
A
R
)
3
(
A
G
N
O
M
A
C
U
C
O
H
C
N
A
R
I
)
3
(
E
G
A
R
M
O
H
C
N
A
R
Y
T
I
C
D
O
O
W
D
E
R
F
F
U
L
B
D
E
R
I
G
N
D
D
E
R
E
D
I
S
R
E
V
R
I
)
3
(
O
T
N
E
M
A
R
C
A
S
)
5
(
E
L
L
I
V
E
S
O
R
E
L
L
I
V
E
S
O
R
O
G
E
I
D
N
A
S
O
G
E
I
D
N
A
S
O
G
E
I
D
N
A
S
O
G
E
I
D
N
A
S
23
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
4
2
0
2
4
1
0
2
.
C
N
I
,
T
E
F
F
U
B
1
A
N
I
H
C
E
D
2
2
0
2
7
2
0
2
2
1
0
2
E
C
A
L
P
T
E
K
R
A
M
S
’
Y
R
N
E
H
3
2
0
2
2
1
0
2
O
C
T
E
P
3
2
0
2
7
4
0
2
7
1
0
2
S
V
C
8
2
0
2
7
2
0
2
3
3
0
2
4
3
0
2
8
1
0
2
0
0
0
2
6
1
0
2
8
2
0
2
3
2
0
2
9
2
0
2
2
1
0
2
3
1
0
2
4
1
0
2
3
1
0
2
9
1
0
2
7
2
0
2
1
1
0
2
3
1
0
2
3
1
0
2
3
1
0
2
4
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
E
R
T
A
E
H
T
E
N
O
T
S
I
R
T
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
X
X
A
M
J
T
O
C
T
S
O
C
8
2
0
2
4
2
0
2
5
3
0
2
4
4
0
2
0
3
0
2
1
4
0
2
9
1
0
2
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
S
T
R
A
P
O
T
U
A
N
E
G
A
R
K
S
L
E
A
H
C
M
I
S
E
L
P
A
T
S
S
K
O
O
B
S
R
E
D
R
O
B
S
T
N
E
R
N
O
R
A
A
9
2
0
2
2
3
0
2
3
4
0
2
3
2
0
2
5
2
0
2
4
2
0
2
8
4
0
2
6
2
0
2
2
3
0
2
6
1
0
2
2
1
0
2
L
A
R
E
D
E
F
E
G
A
E
C
A
P
S
3
2
0
2
K
N
A
B
Y
E
K
7
2
0
2
5
4
0
2
5
2
0
2
S
R
E
M
R
A
F
S
T
U
O
R
P
S
T
E
K
R
A
M
6
3
0
2
5
1
0
2
6
1
0
2
3
1
0
2
T
N
U
O
C
S
I
D
T
C
E
P
X
S
E
R
O
T
S
S
’
B
O
B
X
X
A
M
J
T
4
2
0
2
7
2
0
2
5
3
0
2
8
3
0
2
1
3
0
2
3
6
0
2
1
4
0
2
3
4
0
2
3
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
3
1
0
2
3
1
0
2
0
3
0
2
3
1
0
2
3
1
0
2
3
1
0
2
4
1
0
2
5
2
0
2
4
2
0
2
0
1
0
2
6
1
0
2
4
1
0
2
2
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
N
E
E
R
G
L
A
W
S
L
E
A
H
C
M
I
S
L
E
A
H
C
M
I
S
V
C
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
M
Y
G
S
’
D
L
O
G
T
R
A
M
S
T
E
P
F
F
U
T
S
’
N
I
K
O
O
C
S
L
L
A
H
S
R
A
M
S
S
E
L
4
D
O
O
F
S
’
L
H
O
K
S
V
C
7
2
0
2
4
1
0
2
2
2
0
2
3
1
0
2
3
1
0
2
3
1
0
2
1
1
0
2
5
1
0
2
4
1
0
2
8
1
0
2
8
1
0
2
8
1
0
2
2
1
0
2
9
1
0
2
7
1
0
2
5
1
0
2
6
1
0
2
6
1
0
2
8
1
0
2
2
1
0
2
1
1
0
2
3
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
S
E
N
T
I
F
R
U
O
H
4
2
S
R
E
T
A
E
H
T
C
M
A
D
I
A
E
T
I
R
S
V
C
S
N
O
I
L
I
V
A
P
S
V
C
B
U
L
C
R
U
O
H
4
2
E
H
T
S
V
C
S
U
L
P
T
S
O
C
S
V
C
T
E
F
F
U
B
Y
R
T
N
U
O
C
D
L
O
R
E
T
N
E
C
R
A
T
I
U
G
S
L
E
A
H
C
M
I
E
E
R
T
R
A
L
L
O
D
T
R
A
M
D
O
O
F
R
E
P
U
S
S
K
O
O
B
S
R
E
D
R
O
B
Y
U
B
T
S
E
B
P
O
H
S
&
P
O
T
S
N
O
T
-
N
O
B
S
’
J
B
1
5
0
2
3
4
0
2
7
2
0
2
3
2
0
2
0
7
0
2
6
3
0
2
9
6
0
2
2
3
0
2
2
2
0
2
8
6
0
2
1
4
0
2
3
6
0
2
1
3
0
2
9
3
0
2
9
2
0
2
7
3
0
2
X
X
A
M
J
T
7
3
0
2
6
2
0
2
1
4
0
2
2
4
0
2
2
2
0
2
5
3
0
2
2
4
0
2
9
1
0
2
4
3
0
2
9
1
0
2
8
5
0
2
2
3
0
2
5
4
0
2
1
2
0
2
3
2
0
2
3
3
0
2
8
4
0
2
1
4
0
2
9
3
0
2
9
2
0
2
3
5
0
2
2
3
0
2
1
4
0
2
3
5
0
2
7
4
0
2
7
2
0
2
4
5
0
2
2
1
0
2
5
1
0
2
1
1
0
2
1
1
0
2
8
1
0
2
7
1
0
2
2
1
0
2
5
1
0
2
2
1
0
2
0
1
0
2
7
1
0
2
4
1
0
2
4
1
0
2
8
2
0
2
7
1
0
2
5
1
0
2
1
1
0
2
3
1
0
2
8
1
0
2
8
1
0
2
3
3
0
2
1
2
0
2
4
2
0
2
4
1
0
2
3
2
0
2
7
1
0
2
0
1
0
2
3
1
0
2
1
1
0
2
3
2
0
2
7
1
0
2
2
1
0
2
4
1
0
2
7
1
0
2
1
1
0
2
8
1
0
2
2
1
0
2
3
1
0
2
0
2
0
2
6
1
0
2
9
1
0
2
2
1
0
2
2
1
0
2
8
2
0
2
1
2
0
2
8
1
0
2
1
2
0
2
9
1
0
2
4
1
0
2
7
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
’
N
O
V
O
C
T
E
P
X
A
M
E
C
I
F
F
O
T
R
A
M
-
L
A
W
X
X
A
M
J
T
0
.
6
9
0
.
4
9
0
.
8
6
0
.
9
8
0
.
9
8
0
.
2
9
0
.
0
9
0
.
4
9
E
R
A
W
D
R
A
H
E
C
A
S
S
E
N
T
I
F
R
U
O
H
4
2
S
N
O
S
T
R
E
B
L
A
T
O
P
E
D
E
M
O
H
0
.
8
8
0
.
4
9
0
.
8
9
0
.
6
9
T
O
P
E
D
E
M
O
H
0
.
0
0
1
E
R
U
T
I
N
R
U
F
D
E
T
I
N
U
R
E
P
U
S
0
.
0
0
1
T
R
A
M
-
L
A
W
0
.
0
0
1
E
R
A
W
D
R
A
H
E
C
A
S
N
O
S
T
R
E
B
L
A
T
R
A
M
K
S
R
A
E
S
E
S
E
E
H
C
.
E
K
C
U
H
C
S
N
O
S
T
R
E
B
L
A
S
L
L
A
H
S
R
A
M
S
E
R
T
A
E
H
T
Y
R
U
T
N
E
C
T
O
P
E
D
E
M
O
H
E
H
T
S
H
P
L
A
R
S
’
Y
E
L
A
R
S
N
O
I
L
I
V
A
P
S
’
Y
E
L
A
R
Y
A
W
E
F
A
S
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
O
I
R
O
B
I
L
O
H
C
N
A
R
S
N
O
S
T
R
E
B
L
A
Y
B
B
O
L
Y
B
B
O
H
T
O
L
-
A
-
E
V
A
S
S
’
L
H
O
K
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
’
Y
E
L
A
R
T
R
A
M
K
T
E
G
R
A
T
S
H
P
L
A
R
S
N
O
V
0
.
1
9
0
.
7
8
0
.
9
9
0
.
2
8
0
.
8
8
0
.
6
9
0
.
2
9
0
.
0
0
1
0
.
7
9
0
.
5
8
0
.
5
9
0
.
2
8
0
.
4
9
0
.
3
9
0
.
2
9
0
.
1
7
0
.
4
8
0
.
1
9
0
.
7
8
0
.
5
9
0
.
4
8
0
.
2
8
0
.
9
5
0
.
3
6
0
.
5
7
0
.
0
0
1
0
.
0
9
0
.
0
0
1
0
.
0
0
1
6
0
4
,
7
5
4
1
4
,
9
5
1
2
6
,
0
1
2
0
0
0
,
4
5
1
0
8
1
,
3
8
1
5
5
2
,
5
9
8
2
4
,
4
7
1
3
1
9
,
1
4
0
0
4
,
4
3
1
2
6
6
,
6
9
5
6
5
,
1
4
8
9
4
,
1
1
3
0
5
7
,
4
5
1
9
1
9
,
2
5
1
3
1
1
,
5
4
3
6
3
3
,
2
4
3
0
3
1
,
9
3
1
7
7
6
,
7
6
2
8
5
9
,
6
6
3
5
5
,
6
2
9
4
1
,
1
4
8
5
5
,
1
1
1
3
1
4
,
8
0
1
0
3
3
,
5
8
6
2
7
2
,
8
0
2
8
4
3
,
8
3
1
7
6
8
,
1
7
2
0
7
0
,
3
4
1
6
6
7
,
0
5
1
9
1
7
,
8
3
1
0
6
4
,
2
4
2
7
6
,
6
3
1
3
3
7
,
4
1
1
0
6
6
,
8
0
2
9
6
7
,
7
0
1
7
8
1
,
6
2
1
5
5
0
,
4
5
1
4
7
1
,
4
4
2
8
2
,
2
5
1
0
1
3
,
7
0
1
5
0
4
,
8
1
0
3
3
,
0
8
2
6
8
,
5
1
1
8
1
8
,
8
3
1
S
N
O
S
T
R
E
B
L
A
0
.
0
0
1
0
1
4
,
7
1
1
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
S
’
L
H
O
K
S
’
L
H
O
K
Y
A
W
E
F
A
S
0
.
5
8
0
.
0
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
5
9
Y
L
P
P
U
S
&
D
E
E
F
N
O
T
N
A
C
0
.
0
0
1
N
A
G
I
N
A
L
F
&
R
U
O
M
Y
A
R
0
.
0
0
1
E
R
U
T
I
N
R
U
F
T
O
P
E
D
E
M
O
H
T
R
A
M
-
L
A
W
0
.
0
9
0
.
4
9
1
8
5
,
2
8
9
0
8
,
0
3
8
3
7
,
0
9
1
8
5
2
,
1
4
1
7
1
5
,
8
4
1
2
7
5
,
4
8
1
0
0
3
,
4
2
6
9
1
,
5
4
3
9
1
9
,
1
3
3
3
4
4
,
1
4
1
T
O
P
E
D
E
M
O
H
0
.
0
0
1
6
2
7
,
6
9
1
2
.
1
1
8
.
2
1
9
.
5
4
.
6
1
4
.
3
1
8
.
6
1
2
.
6
6
.
7
1
3
.
5
0
.
2
1
1
.
4
1
6
.
3
5
.
4
4
0
.
5
1
6
.
4
1
4
.
7
4
0
.
0
4
9
.
7
1
8
.
6
2
7
.
6
2
.
3
9
.
4
1
.
0
1
1
.
9
4
.
7
5
7
.
5
1
9
.
2
1
5
.
2
2
6
.
3
1
2
.
4
1
5
.
3
2
2
.
4
0
.
2
1
2
.
3
4
.
6
1
8
.
9
1
.
3
1
8
.
3
1
9
.
9
9
.
3
1
7
.
0
1
5
.
1
5
.
6
6
.
1
1
4
.
4
1
0
.
1
2
6
.
7
3
.
3
1
.
9
1
7
.
0
2
9
.
4
1
9
.
6
1
7
.
5
7
.
1
3
7
.
1
3
1
.
3
1
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
6
1
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
6
1
0
2
(
E
R
U
T
N
E
V
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
3
1
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
0
0
0
2
7
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
9
9
9
1
8
9
9
1
6
0
0
2
5
0
0
2
3
0
0
2
9
0
0
2
9
9
9
1
9
0
0
2
9
9
9
1
6
0
0
2
0
0
0
2
7
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
3
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
8
9
9
1
8
9
9
1
8
9
9
1
8
9
9
1
8
9
9
1
8
9
9
1
0
0
0
2
5
0
0
2
3
0
0
2
8
9
9
1
6
0
0
2
0
0
0
2
5
0
0
2
0
0
0
2
8
9
9
1
5
0
0
2
7
6
9
1
8
9
9
1
3
9
9
1
)
4
(
O
G
E
I
D
N
A
S
)
5
(
O
G
E
I
D
N
A
S
)
5
(
O
G
E
I
D
N
A
S
)
3
(
O
G
E
I
D
N
A
S
)
3
(
O
R
D
N
A
E
L
N
A
S
O
P
S
I
B
O
S
I
U
L
N
A
S
)
4
(
N
O
M
A
R
N
A
S
A
N
A
A
T
N
A
S
)
3
(
A
T
I
R
A
L
C
A
T
N
A
S
)
3
(
S
A
M
D
N
A
S
I
)
3
(
E
S
O
J
N
A
S
A
S
O
R
A
T
N
A
S
)
0
1
(
E
E
T
N
A
S
L
L
I
H
L
A
N
G
I
S
N
O
T
K
C
O
T
S
)
4
(
A
L
U
C
E
M
E
T
)
3
(
A
L
U
C
E
M
E
T
)
4
(
E
C
N
A
R
R
O
T
)
3
(
E
C
N
A
R
R
O
T
A
L
U
C
E
M
E
T
)
5
(
E
E
K
C
U
R
T
E
E
K
C
U
R
T
)
3
(
K
C
O
L
R
U
T
)
0
1
(
N
I
T
S
U
T
)
0
1
(
N
I
T
S
U
T
)
3
(
N
I
T
S
U
T
)
3
(
N
I
T
S
U
T
)
3
(
D
N
A
L
P
U
)
3
(
I
A
C
N
E
L
A
V
)
3
(
O
J
E
L
L
A
V
)
3
(
A
I
L
A
S
I
V
)
3
(
A
T
S
I
V
A
I
L
A
S
I
V
)
3
(
K
E
E
R
C
T
U
N
L
A
W
)
3
(
I
R
E
T
S
N
M
T
S
E
W
)
3
(
R
O
S
D
N
W
I
)
3
(
R
O
S
D
N
W
I
I
S
G
N
R
P
S
O
D
A
R
O
L
O
C
S
N
I
L
L
O
C
T
R
O
F
D
O
O
W
E
L
G
N
E
)
8
(
Y
E
L
E
E
R
G
R
E
V
N
E
D
A
R
O
R
U
A
A
R
O
R
U
A
A
R
O
R
U
A
O
D
A
R
O
L
O
C
)
0
1
(
E
G
A
L
L
I
V
D
O
O
W
N
E
E
R
G
D
O
O
W
E
K
A
L
)
0
1
(
O
L
B
E
U
P
T
U
C
I
T
C
E
N
N
O
C
)
4
(
D
R
O
F
N
A
R
B
Y
B
R
E
D
N
O
T
G
N
M
R
A
F
I
N
O
T
G
N
M
R
A
F
I
)
0
1
(
N
E
D
M
A
H
)
4
(
D
L
E
I
F
N
E
N
E
V
A
H
H
T
R
O
N
Y
R
U
B
R
E
T
A
W
24
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
.
N
R
U
F
4
4
0
2
9
1
0
2
N
A
G
I
N
A
L
F
&
R
U
O
M
Y
A
R
3
2
0
2
3
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
4
4
0
2
4
1
0
2
E
T
I
R
P
O
H
S
0
.
0
0
1
5
0
8
,
5
6
1
0
.
0
0
1
8
1
7
,
1
9
2
2
0
2
2
1
0
2
S
L
E
A
H
C
M
I
2
3
0
2
2
1
0
2
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
4
2
0
2
0
2
0
2
3
3
0
2
4
3
0
2
6
1
0
2
4
1
0
2
0
1
0
2
3
1
0
2
4
1
0
2
1
1
0
2
E
M
O
H
E
L
L
I
V
S
A
M
O
H
T
S
E
L
P
A
T
S
5
2
0
2
3
3
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
9
1
0
2
S
E
L
P
A
T
S
4
3
0
2
T
E
K
R
A
M
R
E
P
U
S
Y
T
R
A
P
7
2
0
2
1
3
0
2
0
4
0
2
8
2
0
2
3
1
0
2
N
W
O
T
-
C
5
2
0
2
3
2
0
2
7
1
0
2
S
T
R
O
P
S
R
O
F
T
S
U
J
9
6
0
2
7
1
0
2
8
2
0
2
9
1
0
2
2
1
0
2
3
1
0
2
.
C
N
I
,
R
E
I
P
A
P
T
S
E
’
C
S
’
J
B
X
A
M
E
C
I
F
F
O
9
2
0
2
6
2
0
2
9
6
0
2
0
2
0
2
5
2
0
2
6
2
0
2
7
1
0
2
2
1
0
2
X
X
A
M
J
T
2
3
0
2
8
2
0
2
8
2
0
2
6
3
0
2
6
2
0
2
3
1
0
2
1
1
0
2
3
1
0
2
1
2
0
2
6
1
0
2
T
E
L
T
U
O
S
L
L
A
E
B
S
L
L
A
H
S
R
A
M
$
L
A
E
D
E
S
E
E
H
C
E
K
C
U
H
C
E
E
R
T
R
A
L
L
O
D
1
2
0
2
1
1
0
2
T
O
P
E
D
E
C
I
F
F
O
0
2
0
2
0
2
0
2
5
3
0
2
9
2
0
2
7
2
0
2
8
3
0
2
6
3
0
2
7
1
0
2
8
1
0
2
3
1
0
2
S
L
A
E
D
G
B
I
7
3
0
2
5
2
0
2
0
1
0
2
2
1
0
2
0
1
0
2
S
E
I
R
T
S
U
D
N
I
L
L
I
W
D
O
O
G
T
O
P
E
D
E
C
I
F
F
O
S
L
L
A
H
S
R
A
M
8
2
0
2
5
1
0
2
0
1
0
2
S
L
E
A
H
C
M
I
5
1
0
2
5
1
0
2
4
1
0
2
5
1
0
2
3
1
0
2
4
1
0
2
2
1
0
2
6
1
0
2
0
1
0
2
4
1
0
2
1
1
0
2
9
1
0
2
4
1
0
2
0
1
0
2
1
1
0
2
2
1
0
2
0
1
0
2
0
1
0
2
0
2
0
2
4
1
0
2
2
1
0
2
2
1
0
2
0
1
0
2
8
1
0
2
3
1
0
2
2
1
0
2
7
1
0
2
1
1
0
2
5
4
0
2
3
1
0
2
8
1
0
2
0
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
N
O
S
T
R
E
B
L
A
X
X
A
M
J
T
3
3
0
2
2
5
0
2
6
5
0
2
4
1
0
2
2
3
0
2
3
3
0
2
0
3
0
2
2
5
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
8
6
0
2
S
N
E
N
I
L
S
’
A
N
N
A
S
E
L
P
A
T
S
T
O
P
E
D
E
C
I
F
F
O
T
O
P
E
D
E
C
I
F
F
O
$
L
A
E
D
A
M
R
A
H
P
O
Z
A
S
D
O
O
G
E
M
O
H
S
L
L
A
H
S
R
A
M
T
R
A
M
K
7
1
0
2
6
3
0
2
0
5
0
2
5
5
0
2
0
2
0
2
9
3
0
2
7
5
0
2
3
5
0
2
0
5
0
2
9
6
0
2
0
2
0
2
0
3
0
2
4
3
0
2
X
A
M
E
C
I
F
F
O
8
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
0
1
E
R
A
U
Q
S
D
N
A
L
E
K
A
L
S
C
I
R
B
A
F
N
N
A
-
O
J
S
L
L
A
H
S
R
A
M
X
A
M
E
C
I
F
F
O
X
I
L
B
U
P
S
E
R
T
A
E
H
T
C
M
A
T
F
I
R
H
T
K
N
I
H
T
E
R
T
A
E
H
T
I
D
L
A
S
E
L
P
A
T
S
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
C
I
S
U
M
H
S
A
M
A
S
S
N
E
E
R
G
L
A
W
S
D
O
O
G
E
M
O
H
T
O
P
E
D
E
C
I
F
F
O
S
N
E
E
R
G
L
A
W
3
3
0
2
3
3
0
2
3
5
0
2
0
7
0
2
0
3
0
2
4
6
0
2
1
1
0
2
6
2
0
2
6
2
0
2
7
2
0
2
9
2
0
2
7
1
0
2
0
6
0
2
2
2
0
2
1
3
0
2
3
5
0
2
9
5
0
2
9
2
0
2
1
3
0
2
4
1
0
2
3
1
0
2
2
2
0
2
1
1
0
2
0
1
0
2
2
1
0
2
3
1
0
2
0
2
0
2
2
2
0
2
3
2
0
2
2
1
0
2
1
1
0
2
5
1
0
2
5
2
0
2
0
1
0
2
9
1
0
2
7
1
0
2
3
2
0
2
5
1
0
2
9
1
0
2
4
1
0
2
0
1
0
2
4
1
0
2
3
1
0
2
3
1
0
2
8
1
0
2
3
2
0
2
0
1
0
2
5
2
0
2
4
1
0
2
1
3
0
2
1
1
0
2
1
1
0
2
2
1
0
2
4
1
0
2
2
1
0
2
4
1
0
2
0
3
0
2
0
1
0
2
6
1
0
2
3
2
0
2
9
2
0
2
4
1
0
2
1
1
0
2
E
R
U
T
I
N
R
U
F
S
’
R
E
A
B
E
I
X
I
D
N
N
W
I
X
I
L
B
U
P
S
L
L
A
E
B
T
E
F
F
U
B
A
N
I
H
C
D
N
A
R
G
X
I
L
B
U
P
0
.
0
0
.
1
8
0
.
0
9
0
.
9
8
0
.
9
9
0
.
6
8
0
.
8
8
T
E
L
T
U
O
S
’
L
L
A
E
B
0
.
0
0
1
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
X
I
L
B
U
P
T
E
L
O
R
V
E
H
C
N
I
K
M
A
T
O
P
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
X
I
L
B
U
P
S
A
M
E
N
I
C
L
A
G
E
R
X
I
L
B
U
P
I
D
L
A
T
O
P
E
D
E
M
O
H
E
I
X
I
D
N
N
W
I
X
X
A
M
J
T
0
.
6
9
0
.
6
9
0
.
4
9
0
.
9
8
0
.
6
9
0
.
3
9
0
.
8
9
0
.
0
0
1
0
.
0
0
1
0
.
2
9
0
.
8
3
0
.
7
9
0
.
9
7
T
E
L
O
R
V
E
H
C
N
I
K
M
A
T
O
P
0
.
0
0
1
T
O
P
E
D
E
M
O
H
A
M
R
A
H
P
O
Z
A
S
L
E
A
H
C
M
I
X
I
L
B
U
P
4
.
9
9
3
.
2
9
0
.
0
0
1
0
.
8
9
1
9
1
,
0
6
7
1
8
,
3
3
2
9
4
5
,
3
7
6
7
6
,
9
7
4
2
9
,
4
9
1
8
3
9
,
0
3
7
9
9
,
2
6
1
0
0
0
,
8
1
5
8
7
,
3
4
1
8
0
1
,
5
2
1
0
3
0
,
2
4
1
4
3
,
2
1
2
7
9
5
,
5
5
2
4
3
,
6
8
5
0
3
,
7
8
0
4
6
,
7
3
6
0
9
,
0
5
1
8
9
,
1
3
1
6
4
6
,
1
3
1
4
3
0
,
9
2
2
6
8
2
,
4
7
5
2
6
,
3
2
3
2
7
,
1
7
8
7
9
0
,
1
4
1
3
4
5
,
9
4
4
1
2
,
9
0
2
E
S
I
D
N
A
H
C
R
E
M
E
C
I
V
R
E
S
G
G
E
R
G
H
H
X
I
L
B
U
P
T
O
P
E
D
E
M
O
H
T
R
A
M
N
I
E
T
S
T
R
A
M
-
L
A
W
T
R
A
M
K
0
.
3
5
0
.
2
9
0
.
8
7
0
.
2
8
0
.
7
9
0
.
3
8
0
.
9
7
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
0
.
0
0
1
T
R
A
M
-
L
A
W
0
.
0
0
1
Y
R
O
T
C
A
F
S
L
E
A
H
C
M
I
0
.
0
0
1
O
C
R
E
D
R
O
T
T
I
M
B
U
S
E
I
X
I
D
N
N
W
I
S
C
I
R
B
A
F
N
N
A
-
O
J
T
O
P
E
D
E
M
O
H
X
I
L
B
U
P
X
I
L
B
U
P
X
I
L
B
U
P
T
O
L
-
A
-
E
V
A
S
X
I
L
B
U
P
S
U
R
S
E
I
B
A
B
0
.
2
9
0
.
8
9
0
.
0
0
1
0
.
8
9
0
.
0
0
1
0
.
0
8
0
.
6
9
0
.
7
9
0
.
1
9
0
.
9
8
0
.
0
0
1
0
.
9
8
2
0
0
,
1
5
0
0
0
,
6
1
1
0
4
8
,
2
7
9
1
3
,
3
7
1
4
3
5
,
5
0
2
5
6
9
,
0
1
2
3
8
9
,
0
3
1
3
8
3
,
9
2
2
2
2
0
,
6
8
2
7
4
,
9
4
1
6
1
9
,
5
1
2
0
4
2
,
8
0
1
1
0
1
,
7
6
1
4
,
1
8
1
8
6
4
,
3
1
9
2
7
,
4
6
2
7
3
7
,
8
6
1
9
9
3
,
4
4
1
3
0
1
,
0
6
8
0
9
,
4
0
1
0
8
3
,
3
8
3
7
8
,
9
4
3
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
0
0
1
6
9
6
,
5
0
2
1
.
7
1
9
.
5
2
6
.
5
4
.
9
1
9
.
9
5
.
0
0
.
8
1
2
.
6
6
.
9
1
8
.
1
7
.
9
2
5
.
2
1
3
.
2
7
.
0
2
9
.
5
8
.
9
7
.
8
6
.
6
0
.
0
6
.
1
1
0
.
2
1
9
.
2
2
4
.
7
4
.
2
9
.
8
9
5
.
0
1
0
.
5
0
.
1
2
6
.
8
1
1
.
5
1
.
5
3
1
3
.
9
7
.
0
2
8
.
9
1
5
.
1
2
4
.
8
1
9
.
2
2
4
.
0
1
0
.
2
1
4
.
9
2
0
.
0
1
0
.
0
1
8
.
7
1
0
.
1
1
.
4
3
5
.
1
1
2
.
3
1
0
.
0
2
.
8
8
.
7
4
.
3
3
E
S
A
E
L
D
N
U
O
R
G
)
6
7
0
2
(
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
2
7
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
8
6
0
2
(
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
3
9
0
2
(
E
R
U
T
N
E
V
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
7
1
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
1
7
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
9
7
9
1
4
0
0
2
5
9
9
1
8
9
9
1
7
6
9
1
6
0
0
2
9
9
9
1
8
6
9
1
8
9
9
1
5
0
0
2
1
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
4
9
9
1
7
9
9
1
2
9
9
1
8
9
9
1
6
0
0
2
1
7
9
1
8
6
9
1
9
0
0
2
6
0
0
2
8
9
9
1
9
0
0
2
9
0
0
2
2
0
0
2
2
7
9
1
9
9
9
1
2
0
0
2
5
0
0
2
6
0
0
2
4
9
9
1
6
0
0
2
0
0
0
2
6
9
9
1
1
0
0
2
6
0
0
2
8
6
9
1
2
9
9
1
8
6
9
1
8
6
9
1
4
7
9
1
9
6
9
1
3
9
9
1
8
6
9
1
8
9
9
1
6
0
0
2
8
6
9
1
6
8
9
1
7
0
0
2
)
6
(
N
O
T
G
N
M
L
I
W
I
)
2
1
(
E
R
E
M
S
L
E
E
R
A
W
A
L
E
D
I
S
G
N
R
P
S
E
T
N
O
M
A
T
L
A
I
S
G
N
R
P
S
E
T
N
O
M
A
T
L
A
I
)
5
(
S
G
N
R
P
S
A
T
I
N
O
B
)
4
(
H
C
A
E
B
N
O
T
N
Y
O
B
N
O
T
A
R
A
C
O
B
A
D
I
R
O
L
F
N
O
T
N
E
D
A
R
B
N
O
T
N
E
D
A
R
B
N
O
T
N
E
D
A
R
B
)
4
(
N
O
D
N
A
R
B
)
5
(
L
A
R
O
C
E
P
A
C
)
5
(
L
A
R
O
C
E
P
A
C
R
E
T
A
W
R
A
E
L
C
I
S
G
N
R
P
S
L
A
R
O
C
I
S
G
N
R
P
S
L
A
R
O
C
)
0
1
(
Y
A
W
L
A
R
O
C
I
)
0
1
(
E
G
D
R
R
E
L
T
U
C
)
5
(
H
C
A
E
B
Y
A
R
L
E
D
O
D
N
A
L
R
O
T
S
A
E
E
L
A
D
R
E
D
U
A
L
T
R
O
F
)
5
(
S
R
E
Y
M
T
R
O
F
K
R
A
P
N
R
E
F
)
0
1
(
D
O
O
W
Y
L
L
O
H
)
0
1
(
D
A
E
T
S
E
M
O
H
)
0
1
(
H
A
E
L
A
H
I
D
O
O
W
Y
L
L
O
H
D
O
O
W
Y
L
L
O
H
)
0
1
(
E
L
L
I
V
N
O
S
K
C
A
J
)
1
1
(
E
L
L
I
V
N
O
S
K
C
A
J
)
5
(
E
L
L
I
V
N
O
S
K
C
A
J
)
7
(
H
C
A
E
B
N
E
S
N
E
J
H
C
A
E
B
N
E
S
N
E
J
)
4
(
O
G
R
A
L
Y
E
K
E
L
L
I
V
N
O
S
K
C
A
J
E
E
M
M
I
S
S
I
K
D
N
A
L
E
K
A
L
D
N
A
L
E
K
A
L
O
G
R
A
L
O
G
R
A
L
S
E
K
A
L
E
L
A
D
R
E
D
U
A
L
S
E
K
A
L
E
L
A
D
R
E
D
U
A
L
L
L
I
H
R
E
D
U
A
L
G
R
U
B
S
E
E
L
E
N
R
U
O
B
L
E
M
E
T
A
G
R
A
M
)
5
(
D
N
A
L
S
I
T
T
I
R
R
E
M
E
N
R
U
O
B
L
E
M
I
M
A
M
I
I
M
A
M
I
I
M
A
M
I
25
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
1
4
0
2
1
1
0
2
S
M
Y
S
7
1
0
2
2
3
0
2
2
1
0
2
7
1
0
2
E
R
U
T
I
N
R
U
F
O
D
A
R
O
D
L
E
Y
T
I
C
Y
T
R
A
P
7
1
0
2
2
1
0
2
Y
T
I
C
Y
T
R
A
P
1
3
0
2
2
3
0
2
2
1
0
2
E
S
I
D
N
A
H
C
R
E
M
E
C
I
V
R
E
S
1
1
0
2
X
I
L
B
U
P
6
1
0
2
4
3
0
2
0
3
0
2
4
3
0
2
8
3
0
2
1
3
0
2
8
3
0
2
4
2
0
2
8
1
0
2
4
1
0
2
F
L
O
G
H
T
I
M
S
F
L
O
G
3
2
0
2
R
E
T
N
E
C
I
D
L
A
2
3
0
2
1
2
0
2
2
1
0
2
5
1
0
2
E
E
R
T
R
A
L
L
O
D
S
’
N
O
R
A
A
7
3
0
2
9
1
0
2
0
4
0
2
1
2
0
2
4
2
0
2
3
2
0
2
1
1
0
2
E
R
I
T
E
N
O
T
S
E
R
I
F
1
1
0
2
8
5
0
2
9
1
0
2
0
1
0
2
9
1
0
2
8
1
0
2
1
1
0
2
4
1
0
2
3
1
0
2
2
1
0
2
Y
M
E
D
A
C
A
R
O
L
L
E
C
N
A
H
C
S
N
E
E
R
G
L
A
W
Y
U
B
T
S
E
B
S
L
E
A
H
C
M
I
T
O
L
-
A
-
E
V
A
S
X
X
A
M
J
T
S
E
O
H
S
Y
A
W
D
A
O
R
B
F
F
O
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
S
T
O
L
G
B
I
X
I
L
B
U
P
4
1
0
2
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
0
2
0
2
3
1
0
2
1
1
0
2
4
1
0
2
3
1
0
2
S
E
I
R
T
S
U
D
N
I
L
L
I
W
D
O
O
G
S
V
C
E
R
A
W
D
R
A
H
E
C
A
E
E
R
T
R
A
L
L
O
D
X
A
M
E
C
I
F
F
O
8
2
0
2
8
1
0
2
T
I
F
U
O
Y
4
1
0
2
2
1
0
2
X
X
A
M
J
T
2
2
0
2
0
3
0
2
9
2
0
2
5
2
0
2
0
3
0
2
9
1
0
2
8
1
0
2
7
2
0
2
2
2
0
2
4
3
0
2
1
3
0
2
4
3
0
2
2
1
0
2
5
1
0
2
4
1
0
2
5
1
0
2
0
1
0
2
3
1
0
2
3
1
0
2
7
1
0
2
3
1
0
2
9
1
0
2
6
1
0
2
9
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
8
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
1
3
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
9
4
0
2
E
M
O
H
S
’
Y
D
D
U
B
S
G
N
I
H
S
I
N
R
U
F
6
1
0
2
E
O
H
S
Y
A
W
D
A
O
R
B
F
F
O
E
S
U
O
H
R
A
E
W
D
E
G
G
U
R
E
R
I
T
R
A
E
Y
D
O
O
G
G
G
E
R
G
H
H
S
L
L
A
H
S
R
A
M
E
N
O
Z
O
T
U
A
S
U
L
P
T
S
O
C
G
G
E
R
G
H
H
6
5
0
2
9
2
0
2
3
3
0
2
7
2
0
2
5
1
0
2
0
3
0
2
6
3
0
2
5
3
0
2
3
1
0
2
6
1
0
2
9
1
0
2
1
1
0
2
1
2
0
2
4
1
0
2
3
1
0
2
2
1
0
2
0
1
0
2
5
1
0
2
6
1
0
2
5
1
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
S
E
L
P
A
T
S
S
C
I
R
B
A
F
N
N
A
-
O
J
E
I
X
I
D
N
N
W
I
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
Y
U
B
T
S
E
B
R
E
G
O
R
K
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
K
L
E
B
X
X
A
M
J
T
S
E
L
P
A
T
S
1
2
0
2
2
4
0
2
0
5
0
2
0
5
0
2
0
5
0
2
1
2
0
2
2
6
0
2
3
5
0
2
8
2
0
2
3
6
0
2
9
4
0
2
9
3
0
2
1
2
0
2
5
2
0
2
9
1
0
2
8
3
0
2
0
2
0
2
8
2
0
2
8
2
0
2
4
6
0
2
0
5
0
2
9
1
0
2
0
3
0
2
7
1
0
2
3
4
0
2
4
1
0
2
2
3
0
2
7
1
0
2
0
4
0
2
2
3
0
2
7
3
0
2
3
3
0
2
4
4
0
2
6
6
0
2
1
3
0
2
6
2
0
2
1
2
0
2
8
6
0
2
0
3
0
2
0
2
0
2
0
5
0
2
4
3
0
2
4
3
0
2
0
2
0
2
9
2
0
2
7
5
0
2
8
2
0
2
3
6
0
2
4
3
0
2
2
6
0
2
9
6
0
2
6
1
0
2
2
1
0
2
5
1
0
2
5
1
0
2
5
1
0
2
1
1
0
2
7
2
0
2
3
2
0
2
3
1
0
2
3
1
0
2
9
1
0
2
9
1
0
2
1
1
0
2
5
1
0
2
4
1
0
2
3
2
0
2
0
1
0
2
3
1
0
2
3
1
0
2
4
1
0
2
0
2
0
2
4
1
0
2
5
1
0
2
2
1
0
2
8
1
0
2
0
1
0
2
2
1
0
2
2
1
0
2
0
2
0
2
3
6
0
2
9
1
0
2
7
1
0
2
8
1
0
2
9
1
0
2
6
2
0
2
6
1
0
2
1
1
0
2
1
1
0
2
8
1
0
2
0
1
0
2
5
1
0
2
0
2
0
2
4
1
0
2
4
1
0
2
5
1
0
2
9
1
0
2
7
2
0
2
3
1
0
2
8
2
0
2
9
1
0
2
2
2
0
2
9
1
0
2
T
E
L
O
R
V
E
H
C
N
I
K
M
A
T
O
P
T
R
A
M
K
O
C
T
E
P
A
T
O
Y
O
T
N
A
M
H
E
L
A
T
O
Y
O
T
N
A
M
H
E
L
S
U
R
S
E
I
B
A
B
E
E
R
T
R
A
L
L
O
D
X
I
L
B
U
P
X
I
L
B
U
P
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
T
O
P
E
D
E
M
O
H
T
R
A
M
K
X
I
L
B
U
P
T
R
A
M
K
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
Y
R
E
T
T
O
P
E
M
I
T
D
L
O
S
L
L
A
H
S
R
A
M
S
S
E
N
T
I
F
R
U
O
H
4
2
N
S
H
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
T
O
L
-
A
-
E
V
A
S
T
R
A
M
K
X
I
L
B
U
P
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
9
8
0
.
5
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
2
9
0
.
5
9
0
.
6
9
0
.
2
9
0
.
0
0
.
9
9
0
.
7
9
0
.
0
0
1
0
.
3
9
0
.
0
0
1
0
.
9
5
0
.
8
6
0
.
2
7
0
.
0
0
1
0
.
7
8
0
.
8
9
0
.
5
9
0
.
5
9
0
.
6
9
M
O
D
G
N
I
K
E
R
U
T
I
N
R
U
F
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
E
I
X
I
D
N
N
W
I
0
.
9
8
0
.
2
9
0
.
0
7
T
R
A
M
K
0
.
0
0
1
Y
B
B
O
L
Y
B
B
O
H
Y
A
B
T
E
E
W
S
X
I
L
B
U
P
0
.
3
9
0
.
0
8
0
.
1
9
X
X
A
M
J
T
0
.
0
0
1
E
R
U
T
A
N
G
I
S
N
A
C
I
R
E
M
A
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
T
R
A
M
N
I
E
T
S
S
U
R
S
E
I
B
A
B
E
I
X
I
D
N
N
W
I
T
R
A
M
K
Y
U
B
T
S
E
B
X
I
L
B
U
P
0
.
5
7
0
.
9
9
0
.
6
9
0
.
6
9
0
.
4
8
0
.
1
8
0
.
5
8
0
.
2
9
S
T
O
L
G
B
I
0
.
0
0
1
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
0
.
0
0
1
Y
B
B
O
L
Y
B
B
O
H
X
X
A
M
J
T
0
.
7
9
0
.
7
8
S
L
L
A
H
S
R
A
M
0
.
0
0
1
N
N
I
S
Y
A
D
R
E
G
O
R
K
0
.
4
9
0
.
8
8
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
X
I
L
B
U
P
G
G
E
R
G
H
H
.
.
S
’
L
H
O
K
0
.
2
9
0
.
2
9
0
.
5
9
0
.
3
9
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
0
.
0
0
1
5
5
6
,
5
0
1
4
3
6
,
5
0
2
1
8
1
,
7
9
1
0
6
4
,
0
4
3
0
0
2
,
0
0
1
4
0
9
,
9
7
7
3
5
,
7
5
3
3
7
0
,
1
8
8
8
1
,
5
9
0
0
0
,
9
5
5
1
5
,
0
3
1
4
1
2
,
4
5
3
5
3
8
,
5
7
1
7
3
5
,
2
1
1
6
3
5
,
2
3
5
5
2
0
,
8
7
6
7
0
,
7
8
1
8
2
6
,
4
8
7
5
9
,
7
9
1
3
3
0
,
1
1
3
6
9
3
,
5
7
1
Y
R
R
A
K
’
N
H
S
A
K
0
.
0
0
1
4
7
4
,
9
1
1
4
0
6
,
3
6
1
0
8
,
2
0
4
0
0
9
,
6
8
6
6
1
,
9
2
7
1
1
,
7
1
3
7
2
,
9
7
0
8
2
,
0
6
5
9
5
,
3
6
0
0
0
,
0
5
0
0
0
,
6
5
1
0
3
4
,
0
2
1
9
0
2
,
0
5
2
5
9
7
,
8
0
1
9
1
4
,
0
6
2
9
9
2
,
0
5
2
6
2
,
3
1
1
8
4
5
,
6
7
1
6
8
4
,
6
3
2
6
5
8
,
2
3
1
6
5
3
,
4
5
1
5
6
0
,
9
7
1
3
9
0
,
8
7
4
1
4
,
0
6
3
1
6
,
6
6
3
7
1
,
3
0
1
2
1
3
,
0
4
1
0
9
3
,
6
4
5
6
8
,
2
6
1
5
5
4
,
2
0
1
0
0
7
,
9
2
1
0
2
3
,
5
6
0
0
0
,
2
6
4
.
5
2
.
1
3
7
.
8
9
.
2
7
.
1
0
.
4
1
5
.
7
0
.
0
0
.
0
5
6
.
7
4
.
2
1
9
.
8
2
9
.
5
1
2
.
7
2
0
.
5
0
.
0
1
8
.
7
0
.
8
2
7
.
1
1
0
.
4
1
0
.
8
1
8
.
7
6
.
4
6
.
2
1
3
.
0
1
6
.
8
1
1
.
5
9
.
0
4
0
.
0
1
0
.
2
1
0
.
0
5
.
1
0
.
9
8
.
2
1
9
.
3
2
4
.
2
2
0
.
3
7
0
.
0
1
9
.
7
0
.
3
3
6
.
7
9
.
3
1
9
.
1
1
4
.
5
1
0
.
1
3
1
.
0
1
3
.
1
1
6
.
2
5
8
.
7
2
.
2
2
5
.
8
0
.
8
1
6
.
5
3
5
.
7
1
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
5
3
0
2
(
E
R
U
T
N
E
V
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
1
1
0
2
(
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
9
5
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
5
4
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
5
9
9
1
9
0
0
2
8
9
9
1
8
9
9
1
8
9
9
1
2
6
9
1
7
0
0
2
6
0
0
2
5
0
0
2
5
0
0
2
7
9
9
1
7
0
0
2
5
8
9
1
7
9
9
1
3
0
0
2
8
6
9
1
9
0
0
2
4
9
9
1
6
9
9
1
9
0
0
2
0
0
0
2
6
0
0
2
4
7
9
1
8
6
9
1
7
0
0
2
4
0
0
2
8
6
9
1
9
8
9
1
0
7
9
1
9
8
9
1
6
0
0
2
5
0
0
2
8
6
9
1
8
9
9
1
7
9
9
1
4
0
0
2
1
0
0
2
7
0
0
2
5
9
9
1
9
0
0
2
7
6
9
1
3
7
9
1
3
0
0
2
8
0
0
2
8
0
0
2
7
0
0
2
5
9
9
1
1
0
0
2
6
0
0
2
3
9
9
1
5
9
9
1
8
0
0
2
1
0
0
2
4
0
0
2
)
0
1
(
I
M
A
M
I
)
0
1
(
I
M
A
M
I
)
0
1
(
I
M
A
M
I
)
0
1
(
I
M
A
M
I
)
5
(
I
M
A
M
I
)
5
(
I
M
A
M
I
I
M
A
M
I
I
M
A
M
I
G
R
U
B
E
L
D
D
M
I
)
1
1
(
R
A
M
A
R
M
I
A
R
O
D
T
N
U
O
M
)
3
(
E
L
A
D
R
E
D
U
A
L
H
T
R
O
N
H
C
A
E
B
I
I
M
A
M
H
T
R
O
N
)
0
1
(
K
R
A
P
E
G
N
A
R
O
A
L
A
C
O
)
0
1
(
N
O
I
T
A
T
N
A
L
P
H
C
A
E
B
O
N
A
P
M
O
P
)
4
(
O
D
N
A
L
R
O
)
5
(
O
D
E
I
V
O
)
0
1
(
H
C
A
E
B
O
N
A
P
M
O
P
)
8
(
H
C
A
E
B
O
N
A
P
M
O
P
H
C
A
E
B
A
R
E
I
V
R
I
)
0
1
(
E
N
I
T
S
U
G
U
A
.
T
S
G
R
U
B
S
R
E
T
E
P
.
T
S
)
5
(
A
T
O
S
A
R
A
S
A
T
O
S
A
R
A
S
A
T
O
S
A
R
A
S
D
R
O
F
N
A
S
)
2
1
(
O
D
N
A
L
R
O
O
D
N
A
L
R
O
O
D
N
A
L
R
O
O
D
N
A
L
R
O
O
D
N
A
L
R
O
)
0
1
(
H
C
A
E
B
M
L
A
P
T
S
E
W
)
0
1
(
N
E
V
A
H
R
E
T
N
W
I
H
C
A
E
B
M
L
A
P
T
S
E
W
H
C
A
E
B
M
L
A
P
T
S
E
W
E
E
S
S
A
H
A
L
L
A
T
)
4
(
A
P
M
A
T
)
8
(
A
P
M
A
T
A
P
M
A
T
A
P
M
A
T
A
T
T
E
R
A
H
P
L
A
)
8
(
A
T
N
A
L
T
A
A
T
S
U
G
U
A
)
4
(
A
T
S
U
G
U
A
A
T
N
A
L
T
A
)
5
(
H
T
U
L
U
D
H
A
N
N
A
V
A
S
H
A
N
N
A
V
A
S
)
4
(
E
L
L
I
V
L
L
E
N
S
)
0
1
(
A
T
S
O
D
L
A
V
H
A
N
N
A
V
A
S
E
E
L
U
Y
A
I
G
R
O
E
G
26
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
9
2
0
2
0
4
0
2
4
2
0
2
5
2
0
2
2
3
0
2
2
2
0
2
9
2
0
2
7
2
0
2
9
3
0
2
9
1
0
2
0
2
0
2
5
1
0
2
4
1
0
2
0
1
0
2
5
1
0
2
2
2
0
2
2
1
0
2
2
1
0
2
5
1
0
2
2
1
0
2
4
2
0
2
S
’
E
O
J
Y
E
K
N
O
M
Y
B
A
B
Y
U
B
Y
U
B
1
3
0
2
9
1
0
2
E
L
B
O
N
&
S
E
N
R
A
B
5
4
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
E
N
O
Y
T
U
A
E
B
S
L
E
A
H
C
M
I
2
3
0
2
8
2
0
2
1
3
0
2
0
2
0
2
6
1
0
2
4
1
0
2
5
1
0
2
2
1
0
2
3
1
0
2
6
1
0
2
5
1
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
S
P
O
H
S
W
O
B
N
I
A
R
C
I
N
I
L
C
E
L
R
A
C
Y
U
B
T
S
E
B
Y
B
B
O
L
Y
B
B
O
H
H
T
I
M
S
F
L
O
G
S
U
R
S
Y
O
T
9
2
0
2
9
1
0
2
S
’
E
O
J
Y
E
K
N
O
M
2
4
0
2
6
2
0
2
9
4
0
2
4
5
0
2
9
2
0
2
9
3
0
2
4
3
0
2
9
2
0
2
7
2
0
2
1
3
0
2
5
3
0
2
4
5
0
2
1
5
0
2
4
2
0
2
2
6
0
2
S
N
E
E
R
G
L
A
W
3
2
0
2
S
E
L
A
S
N
O
R
A
A
Y
U
B
T
S
E
B
0
3
0
2
0
3
0
2
S
N
E
E
R
G
L
A
W
5
2
0
2
S
K
O
O
B
S
R
E
D
R
O
B
5
2
0
2
6
2
0
2
S
U
L
P
T
S
O
C
6
1
0
2
3
1
0
2
5
1
0
2
0
2
0
2
5
1
0
2
1
1
0
2
5
1
0
2
6
1
0
2
S
R
E
M
R
A
F
N
I
G
L
E
S
T
C
U
D
O
R
P
Y
U
B
T
S
E
B
4
2
0
2
3
2
0
2
X
A
M
E
C
I
F
F
O
4
5
0
2
E
E
R
T
R
A
L
L
O
D
5
4
0
2
Y
B
B
O
L
Y
B
B
O
H
S
L
L
A
H
S
R
A
M
Y
V
A
N
D
L
O
8
2
0
2
2
3
0
2
9
2
0
2
4
5
0
2
3
3
0
2
3
3
0
2
7
4
0
2
4
5
0
2
4
4
0
2
1
2
0
2
1
1
0
2
Y
R
E
K
A
B
I
E
P
M
O
P
6
2
0
2
6
1
0
2
6
1
0
2
1
1
0
2
E
S
E
E
H
C
E
K
C
U
H
C
R
T
N
C
L
A
C
D
E
M
I
.
V
I
N
U
A
L
O
Y
O
L
9
3
0
2
9
1
0
2
S
E
R
T
A
E
H
T
S
W
E
O
L
1
7
0
2
5
1
0
2
1
2
0
2
0
1
0
2
T
T
O
C
S
E
I
R
I
P
N
O
S
R
A
C
8
3
0
2
Y
V
A
N
D
L
O
5
2
0
2
1
1
0
2
S
L
L
A
H
S
R
A
M
1
2
0
2
1
3
0
2
3
4
0
2
9
1
0
2
4
1
0
2
L
A
V
I
N
R
A
C
E
O
H
S
0
3
0
2
5
1
0
2
S
’
L
H
O
K
2
3
0
2
7
1
0
2
2
2
0
2
1
1
0
2
9
1
0
2
4
2
0
2
4
1
0
2
4
1
0
2
4
1
0
2
4
1
0
2
7
1
0
2
6
1
0
2
0
2
0
2
4
2
0
2
4
2
0
2
9
1
0
2
2
2
0
2
5
2
0
2
4
1
0
2
3
1
0
2
4
2
0
2
1
2
0
2
3
1
0
2
2
1
0
2
4
1
0
2
4
2
0
2
8
1
0
2
5
1
0
2
2
1
0
2
4
2
0
2
4
2
0
2
4
1
0
2
6
1
0
2
3
1
0
2
8
1
0
2
3
1
0
2
0
1
0
2
E
C
U
D
O
R
P
K
A
M
R
E
C
0
.
0
0
1
2
8
1
,
1
9
0
.
3
8
7
9
8
,
7
1
S
T
E
K
R
A
M
K
C
U
N
H
C
S
O
C
S
O
-
L
E
W
E
J
T
T
O
C
S
E
I
R
I
P
N
O
S
R
A
C
T
A
O
C
N
O
T
G
N
I
L
R
U
B
Y
B
B
O
L
Y
B
B
O
H
S
L
L
A
H
S
R
A
M
Y
U
B
T
S
E
B
Y
R
O
T
C
A
F
T
R
A
M
K
S
R
A
E
S
O
P
X
E
T
O
P
E
D
E
M
O
H
Y
B
B
O
L
Y
B
B
O
H
Y
U
B
T
S
E
B
A
R
O
R
U
A
S
’
L
H
O
K
T
R
A
M
K
0
.
1
7
0
.
2
9
0
.
3
8
0
.
9
9
0
.
0
0
1
0
.
0
0
1
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
1
9
9
,
1
6
3
0
1
4
,
2
7
2
0
6
8
,
8
9
0
5
2
,
8
8
1
1
5
9
,
3
7
5
3
5
,
0
8
7
4
6
,
9
5
1
5
8
9
,
1
1
1
0
2
7
,
1
1
1
1
1
0
,
2
0
1
4
9
8
,
6
8
0
0
5
,
3
3
0
9
,
9
7
4
2
6
,
0
8
0
0
0
,
0
0
1
H
S
E
R
F
S
’
L
E
A
H
C
M
I
0
.
3
9
3
5
1
,
5
4
1
L
L
A
M
N
I
G
L
E
T
E
K
R
A
M
X
X
A
M
J
T
0
.
0
0
1
0
.
0
0
1
6
0
9
,
1
4
1
2
3
4
,
6
8
1
T
R
A
M
K
0
.
0
0
1
3
7
0
,
2
9
1
T
R
A
M
K
0
.
0
0
1
1
7
3
,
8
9
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
S
’
L
H
O
K
0
.
9
7
0
.
5
4
0
.
1
8
0
.
5
8
N
I
A
T
N
U
O
M
R
E
D
N
A
G
0
.
0
0
1
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
0
0
1
Y
R
O
T
C
A
F
8
8
6
,
4
0
1
7
7
4
,
7
6
1
1
5
1
,
9
5
8
8
,
7
5
1
7
4
5
,
2
9
1
2
9
6
,
9
8
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
0
0
1
7
2
3
,
2
0
1
Y
R
O
T
C
A
F
T
R
A
M
K
0
.
0
0
1
4
1
9
,
6
1
1
T
O
P
E
D
E
M
O
H
T
R
A
M
K
0
.
0
0
1
0
.
0
0
1
0
.
3
1
0
.
0
3
9
8
,
3
8
1
3
6
2
,
6
7
1
5
3
5
,
5
1
0
0
0
,
0
6
T
R
A
M
K
0
.
0
0
1
7
6
0
,
6
5
1
G
N
I
L
L
O
R
S
E
N
A
L
R
I
A
F
S
W
O
D
A
E
M
Y
U
B
T
S
E
B
0
.
1
6
0
.
0
0
1
7
4
0
,
9
8
5
2
2
,
7
3
G
N
I
D
A
R
T
S
’
N
A
Y
L
A
G
S
L
L
A
H
S
R
A
M
Y
N
A
P
M
O
C
C
N
I
,
S
R
E
T
A
E
H
T
E
V
O
R
G
D
O
O
W
0
.
0
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
4
8
T
O
P
E
D
E
C
I
F
F
O
0
.
0
0
1
0
5
9
,
7
2
0
7
7
,
1
9
3
2
6
,
8
2
6
5
5
4
,
8
5
0
0
0
,
1
8
3
8
8
,
5
3
6
3
,
2
7
1
6
.
4
9
.
7
1
7
.
4
3
7
.
1
3
7
.
9
1
.
6
1
0
.
1
1
4
.
5
0
.
7
1
0
.
9
3
.
9
5
.
7
1
0
.
6
7
.
7
2
8
.
6
3
1
.
6
0
.
5
8
.
4
2
0
.
2
1
7
.
8
1
1
.
9
1
3
.
9
2
.
8
3
.
3
2
9
.
0
0
.
7
1
8
.
6
1
6
.
7
0
.
9
7
.
1
1
4
.
5
1
6
.
5
1
8
.
8
1
0
.
9
5
.
0
2
9
.
8
0
.
0
0
.
5
3
.
7
8
.
2
6
8
.
5
6
.
5
9
.
2
1
.
3
1
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
0
4
0
2
(
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
1
5
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
1
4
0
2
(
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
0
5
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
1
2
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
7
4
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
9
4
0
2
(
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
5
5
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
6
0
0
2
8
9
9
1
5
0
0
2
2
0
0
2
8
9
9
1
2
7
9
1
3
0
0
2
6
9
9
1
7
9
9
1
8
9
9
1
1
0
0
2
7
9
9
1
7
9
9
1
7
9
9
1
7
9
9
1
8
9
9
1
8
9
9
1
9
9
9
1
7
9
9
1
2
7
9
1
8
9
9
1
7
9
9
1
6
9
9
1
6
0
0
2
5
0
0
2
7
9
9
1
7
9
9
1
8
9
9
1
7
9
9
1
7
9
9
1
7
9
9
1
1
0
0
2
7
9
9
1
0
7
9
1
7
9
9
1
8
0
0
2
3
0
0
2
5
0
0
2
8
9
9
1
3
0
0
2
7
9
9
1
8
9
9
1
5
0
0
2
8
9
9
1
)
2
1
(
)
4
(
I
A
V
A
T
A
B
I
N
O
T
G
N
M
O
O
L
B
E
L
L
I
V
E
L
L
E
B
)
5
(
A
R
O
R
U
A
)
0
1
(
I
N
O
T
G
N
M
O
O
L
B
Y
T
I
C
T
E
M
U
L
A
C
)
4
(
I
N
G
A
P
M
A
H
C
I
N
G
A
P
M
A
H
C
Y
E
L
D
A
R
B
O
G
A
C
H
C
I
E
D
I
S
Y
R
T
N
U
O
C
D
O
O
W
T
S
E
R
C
O
G
A
C
H
C
I
E
V
O
R
G
S
R
E
N
W
O
D
E
K
A
L
L
A
T
S
Y
R
C
E
V
O
R
G
S
R
E
N
W
O
D
E
V
O
R
G
S
R
E
N
W
O
D
I
N
G
L
E
S
T
H
G
I
E
H
W
E
I
V
R
A
F
I
K
R
A
P
T
S
E
R
O
F
I
H
C
R
U
Z
E
K
A
L
)
5
(
R
E
E
D
L
I
K
N
O
S
E
T
T
A
M
A
V
E
N
E
G
T
C
E
P
S
O
R
P
T
N
U
O
M
N
E
I
L
E
D
N
U
M
E
C
A
R
R
E
T
K
O
O
R
B
K
A
O
S
W
O
D
A
E
M
G
N
I
L
L
O
R
D
R
O
F
K
C
O
R
H
C
A
E
B
E
K
A
L
D
N
U
O
R
)
0
1
(
G
R
U
B
M
U
A
H
C
S
)
0
1
(
G
R
U
B
M
U
A
H
C
S
K
R
A
P
D
N
A
L
R
O
A
W
A
T
T
O
I
A
R
O
E
P
E
L
L
I
V
R
E
P
A
N
I
E
G
D
R
R
O
N
N
W
A
L
K
A
O
D
O
O
W
M
A
E
R
T
S
N
A
G
E
K
U
A
W
I
E
G
D
R
D
O
O
W
E
I
K
O
K
S
A
R
O
R
U
A
I
E
H
K
I
S
I
O
N
I
L
L
I
I
I
A
W
A
H
27
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
5
2
0
2
1
3
0
2
2
1
0
2
5
1
0
2
1
2
0
2
R
A
E
W
T
O
O
F
S
U
O
M
A
F
7
2
0
2
X
X
A
M
J
T
6
5
0
2
S
V
C
7
2
0
2
0
3
0
2
4
3
0
2
5
3
0
2
0
2
0
2
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
2
1
0
2
6
1
0
2
2
1
0
2
0
2
0
2
9
1
0
2
6
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
C
I
R
B
A
F
N
N
A
-
O
J
X
X
A
M
J
T
S
U
R
S
Y
O
T
T
H
G
I
R
W
J
A
X
A
M
E
C
I
F
F
O
0
3
0
2
4
4
0
2
9
1
0
2
T
R
A
M
S
T
E
P
9
3
0
2
9
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
2
4
0
2
7
1
0
2
T
R
A
M
S
T
E
P
8
1
0
2
3
1
0
2
X
A
M
E
C
I
F
F
O
5
2
0
2
5
1
0
2
L
A
V
I
N
R
A
C
E
O
H
S
4
2
0
2
5
2
0
2
0
1
0
2
S
L
E
A
H
C
M
I
0
2
0
2
2
3
0
2
8
3
0
2
2
3
0
2
8
2
0
2
9
1
0
2
9
1
0
2
3
1
0
2
7
1
0
2
3
1
0
2
4
1
0
2
4
1
0
2
Y
N
A
P
M
O
C
S
’
N
E
M
G
&
K
6
1
0
2
S
U
R
S
Y
O
T
8
3
0
2
S
U
L
P
T
S
O
C
S
L
E
A
H
C
M
I
X
X
A
M
J
T
2
2
0
2
9
2
0
2
9
1
0
2
4
1
0
2
2
1
0
2
5
1
0
2
3
1
0
2
1
1
0
2
2
1
0
2
9
1
0
2
4
1
0
2
S
N
A
M
D
R
O
G
X
X
A
M
J
T
X
X
A
M
J
T
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
4
2
0
2
T
R
A
M
N
I
E
T
S
4
3
0
2
E
R
O
T
S
T
E
L
T
U
O
S
’
E
K
R
U
B
E
L
B
O
N
&
S
E
N
R
A
B
E
R
U
T
I
N
R
U
F
E
M
O
H
Y
N
A
P
M
O
C
4
3
0
2
2
3
0
2
4
1
0
2
0
2
0
2
2
3
0
2
6
2
0
2
6
1
0
2
R
E
T
N
E
C
R
A
T
I
U
G
5
2
0
2
5
1
0
2
E
E
R
T
R
A
L
L
O
D
7
2
0
2
8
2
0
2
9
2
0
2
3
1
0
2
9
1
0
2
E
E
R
T
R
A
L
L
O
D
9
1
0
2
6
2
0
2
E
E
R
T
R
A
L
L
O
D
1
4
0
2
4
1
0
2
1
1
0
2
1
2
0
2
S
T
R
A
P
O
T
U
A
O
V
L
A
S
D
I
A
E
T
I
R
S
V
C
2
2
0
2
1
3
0
2
6
3
0
2
1
5
0
2
5
5
0
2
6
4
0
2
1
6
0
2
0
6
0
2
7
2
0
2
9
1
0
2
1
2
0
2
1
1
0
2
S
D
O
O
G
E
M
O
H
3
3
0
2
3
4
0
2
1
2
0
2
4
5
0
2
6
6
0
2
6
5
0
2
6
5
0
2
8
3
0
2
3
3
0
2
0
4
0
2
1
5
0
2
8
3
0
2
4
5
0
2
2
2
0
2
9
1
0
2
5
6
0
2
4
2
0
2
3
3
0
2
0
5
0
2
5
2
0
2
5
3
0
2
8
3
0
2
5
1
0
2
1
1
0
2
4
2
0
2
6
2
0
2
6
2
0
2
6
2
0
2
8
1
0
2
3
1
0
2
6
1
0
2
1
2
0
2
3
2
0
2
4
2
0
2
3
1
0
2
8
1
0
2
0
2
0
2
4
1
0
2
8
1
0
2
5
1
0
2
5
1
0
2
0
1
0
2
3
2
0
2
4
1
0
2
4
1
0
2
4
2
0
2
7
1
0
2
1
1
0
2
0
1
0
2
2
1
0
2
2
1
0
2
2
1
0
2
6
1
0
2
1
1
0
2
6
2
0
2
0
1
0
2
6
1
0
2
1
2
0
2
0
3
0
2
7
1
0
2
4
1
0
2
3
1
0
2
3
1
0
2
8
1
0
2
E
R
O
T
S
R
E
P
U
S
Y
B
A
B
Y
R
O
T
C
A
F
T
O
P
E
D
E
M
O
H
T
R
A
M
K
R
E
G
O
R
K
R
E
G
O
R
K
G
G
E
R
G
H
H
D
R
A
N
E
M
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
Y
B
B
O
L
Y
B
B
O
H
T
R
A
M
K
T
R
A
M
K
Y
U
B
T
S
E
B
O
K
P
O
H
S
Y
B
B
O
L
Y
B
B
O
H
T
O
P
E
D
E
M
O
H
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
T
O
P
E
D
E
M
O
H
Y
U
B
T
S
E
B
0
.
4
8
0
.
0
0
1
0
.
6
9
0
.
2
9
0
.
1
7
0
.
0
0
.
0
0
1
0
.
0
0
1
0
.
6
8
0
.
0
0
1
0
.
8
9
0
.
0
0
1
0
.
2
8
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
9
0
.
0
0
1
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
0
.
7
6
0
.
0
R
E
G
O
R
K
0
.
0
0
1
7
7
5
,
8
6
1
4
8
6
,
4
1
1
5
5
2
,
5
6
1
0
0
5
,
0
9
8
8
2
,
8
3
2
4
7
0
,
9
1
1
8
9
,
0
8
8
6
6
,
1
8
5
3
3
,
1
7
2
0
0
0
,
0
9
6
6
3
,
5
5
1
5
3
0
,
1
9
9
5
0
,
9
4
1
9
7
9
,
2
8
7
4
8
,
1
1
1
4
7
0
,
4
0
1
1
1
0
,
6
9
4
6
1
,
0
2
1
1
7
7
,
3
3
1
5
9
6
,
3
5
8
7
5
,
9
9
9
2
2
,
5
8
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
4
8
7
7
3
,
2
9
1
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
3
9
7
0
9
,
9
4
3
T
R
A
M
-
L
A
W
Y
R
O
T
C
A
F
Y
U
B
T
S
E
B
Y
V
A
N
D
L
O
T
R
A
M
N
I
E
T
S
0
.
6
8
0
.
7
7
0
.
0
0
1
0
.
1
9
5
5
7
,
7
6
4
5
3
,
4
7
1
6
8
5
,
8
9
8
6
7
,
4
4
2
Y
U
B
T
S
E
B
0
.
1
9
3
4
9
,
4
3
2
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
0
.
2
8
1
0
4
,
8
9
Y
R
O
T
C
A
F
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
0
0
1
2
2
4
,
6
8
E
R
U
T
I
N
R
U
F
T
R
O
C
0
.
0
0
1
9
7
8
,
8
5
D
O
O
F
T
N
A
I
G
D
O
O
F
T
N
A
I
G
D
O
O
F
T
N
A
I
G
L
A
T
N
E
R
Y
A
W
E
F
A
S
T
R
A
M
K
H
S
E
R
F
R
E
P
U
S
D
O
O
F
T
N
A
I
G
Y
A
W
E
F
A
S
L
A
R
U
T
A
N
S
’
D
I
V
A
D
S
L
E
A
H
C
M
I
Y
V
A
N
D
L
O
Y
A
W
E
F
A
S
T
E
K
R
A
M
0
.
6
9
0
.
8
9
0
.
8
9
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
7
9
0
.
0
0
1
0
.
0
0
1
7
9
4
,
9
7
0
3
8
,
0
9
3
0
9
,
0
9
4
3
8
,
2
5
1
2
2
7
,
2
1
1
7
8
2
,
7
7
7
2
9
,
9
2
1
7
0
9
,
5
0
1
4
4
5
,
2
0
.
0
2
1
4
,
6
2
0
.
7
5
0
.
4
6
0
.
0
0
1
0
.
6
8
0
.
0
0
1
5
7
0
,
2
3
5
3
8
,
3
2
0
0
0
,
0
5
9
9
2
,
3
7
5
6
1
,
1
9
2
.
4
1
7
.
5
2
6
.
0
1
4
.
7
1
4
.
2
1
3
.
4
2
0
.
3
5
.
7
8
.
1
2
.
7
2
8
.
8
0
.
9
7
1
.
9
0
.
3
2
5
.
6
6
.
9
0
.
9
5
.
6
5
.
4
1
5
.
3
1
0
.
6
2
.
8
0
.
2
8
.
3
3
6
.
8
1
4
.
9
9
.
4
1
1
.
0
1
9
.
1
2
6
.
8
5
.
2
1
8
.
5
6
.
7
7
.
0
1
5
.
7
4
.
8
1
6
.
0
1
3
.
7
7
.
9
1
2
.
5
1
6
.
2
6
.
2
3
.
7
5
.
2
0
.
5
3
.
7
3
.
2
1
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
8
2
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
9
1
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
9
3
0
2
(
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
9
6
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
9
6
0
2
(
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
6
8
9
1
0
7
9
1
7
9
9
1
3
6
9
1
1
7
9
1
7
9
9
1
5
0
0
2
8
9
9
1
8
9
9
1
3
0
0
2
6
9
9
1
6
0
0
2
7
9
9
1
9
9
9
1
7
9
9
1
6
9
9
1
6
9
9
1
6
9
9
1
6
0
0
2
8
9
9
1
6
7
9
1
4
0
0
2
4
9
9
1
3
9
9
1
7
9
9
1
5
0
0
2
8
0
0
2
9
9
9
1
7
9
9
1
1
0
0
2
8
0
0
2
5
0
0
2
4
0
0
2
5
0
0
2
4
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
4
0
0
2
7
0
0
2
3
0
0
2
3
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
6
0
0
2
6
0
0
2
)
0
1
(
S
I
L
O
P
A
N
A
D
N
I
I
D
O
O
W
N
E
E
R
G
H
T
I
F
F
I
R
G
E
L
L
I
V
L
L
I
R
R
E
M
A
K
A
W
A
H
S
I
M
D
N
E
B
H
T
U
O
S
E
T
T
E
Y
A
F
A
L
E
T
T
E
Y
A
F
A
L
)
0
1
(
D
N
E
B
H
T
U
O
S
S
F
F
U
L
B
L
I
C
N
U
O
C
T
R
O
P
N
E
V
A
D
I
S
E
N
O
M
S
E
D
E
U
Q
U
B
U
D
E
V
I
L
C
A
W
O
I
E
L
L
I
V
S
N
A
V
E
A
N
A
I
D
N
I
I
S
E
N
O
M
S
E
D
T
S
A
E
H
T
U
O
S
)
4
(
I
A
T
I
H
C
W
T
S
A
E
K
R
A
P
D
N
A
L
R
E
V
O
)
4
(
A
T
I
H
C
W
I
O
O
L
R
E
T
A
W
S
A
S
N
A
K
)
6
(
E
C
N
E
R
O
L
F
E
L
L
I
V
E
L
K
N
H
I
E
U
V
E
L
L
E
B
Y
K
C
U
T
N
E
K
E
G
U
O
R
N
O
T
A
B
N
O
T
G
N
X
E
L
I
A
N
A
I
S
I
U
O
L
)
0
1
(
E
G
U
O
R
N
O
T
A
B
E
T
T
E
Y
A
F
A
L
Y
E
V
R
A
H
A
M
U
O
H
)
5
(
E
R
O
M
I
T
L
A
B
D
N
A
L
T
R
O
P
.
S
D
N
A
L
Y
R
A
M
R
O
G
N
A
E B
N
I
A
M
)
2
1
(
)
6
(
E
R
O
M
I
T
L
A
B
)
7
(
E
R
O
M
I
T
L
A
B
)
8
(
E
R
O
M
I
T
L
A
B
)
9
(
E
R
O
M
I
T
L
A
B
)
9
(
E
R
O
M
I
T
L
A
B
)
9
(
E
R
O
M
I
T
L
A
B
)
8
(
I
R
A
L
E
B
)
9
(
E
L
L
I
V
S
K
R
A
L
C
N
O
T
N
I
L
C
N
O
T
N
I
L
C
I
A
B
M
U
L
O
C
I
A
B
M
U
L
O
C
)
0
1
(
I
A
B
M
U
L
O
C
)
5
(
I
A
B
M
U
L
O
C
)
5
(
I
A
B
M
U
L
O
C
28
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
s
e
s
a
e
L
r
o
j
a
M
6
4
0
2
6
1
0
2
Y
A
W
E
F
A
S
1
2
0
2
7
1
0
2
9
1
0
2
1
1
0
2
T
E
F
F
U
B
Y
R
T
N
U
O
C
D
L
O
2
1
0
2
E
F
I
L
R
O
F
D
E
P
P
I
U
Q
E
4
1
0
2
T
E
F
F
U
B
Y
R
T
N
U
O
C
D
L
O
1
2
0
2
8
3
0
2
6
1
0
2
5
2
0
2
1
3
0
2
2
1
0
2
1
1
0
2
8
1
0
2
0
1
0
2
1
1
0
2
5
1
0
2
6
1
0
2
5
1
0
2
S
S
E
L
4
E
R
U
T
I
N
R
U
F
S
C
I
R
B
A
F
K
C
O
C
N
A
H
D
O
O
F
T
N
A
I
G
I
D
L
A
E
E
R
T
R
A
L
L
O
D
G
U
B
N
O
I
H
S
A
F
O
C
T
E
P
S
’
L
H
O
K
5
1
0
2
0
1
0
2
C
I
T
E
L
H
T
A
T
T
I
R
R
E
M
B
U
L
C
1
3
0
2
6
1
0
2
E
R
A
W
D
R
A
H
E
C
A
5
3
0
2
0
1
0
2
D
I
A
E
T
I
R
5
4
0
2
0
2
0
2
S
E
L
P
A
T
S
9
4
0
2
9
1
0
2
H
S
E
R
F
R
E
P
U
S
9
4
0
2
4
1
0
2
T
E
G
R
A
T
0
2
0
2
4
3
0
2
1
2
0
2
1
3
0
2
0
2
0
2
6
4
0
2
5
2
0
2
5
3
0
2
9
1
0
2
2
4
0
2
6
3
0
2
0
3
0
2
0
1
0
2
9
1
0
2
1
1
0
2
6
1
0
2
0
1
0
2
6
2
0
2
5
1
0
2
0
2
0
2
4
1
0
2
2
1
0
2
6
1
0
2
0
2
0
2
1
1
0
2
S
K
O
O
B
S
R
E
D
R
O
B
S
D
O
O
G
E
M
O
H
S
E
L
P
A
T
S
S
E
L
P
A
T
S
D
I
A
E
T
I
R
S
V
C
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
9
1
S
S
E
N
T
I
F
A
C
I
R
E
M
A
Y
T
R
A
P
S
E
R
T
A
E
H
T
S
K
E
O
L
6
3
0
2
9
2
0
2
4
3
0
2
7
4
0
2
2
3
0
2
6
2
0
2
2
3
0
2
1
3
0
2
3
4
0
2
7
2
0
2
0
3
0
2
6
2
0
2
3
4
0
2
7
2
0
2
7
3
0
2
6
1
0
2
9
1
0
2
4
1
0
2
7
1
0
2
2
1
0
2
1
1
0
2
7
1
0
2
6
1
0
2
8
2
0
2
7
1
0
2
0
1
0
2
1
1
0
2
7
1
0
2
2
1
0
2
7
1
0
2
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
R
E
P
P
O
H
C
E
C
I
R
P
S
U
R
S
Y
O
T
Y
C
A
M
R
A
H
P
S
K
O
O
R
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
L
L
A
H
S
R
A
M
T
O
P
E
D
E
C
I
F
F
O
O
C
T
E
P
I
D
L
A
E
R
A
W
D
R
A
H
E
C
A
S
L
L
A
H
S
R
A
M
S
D
O
O
G
E
M
O
H
S
U
R
S
E
I
B
A
B
S
L
L
A
H
S
R
A
M
S
’
L
H
O
K
S
C
I
R
B
A
F
N
N
A
-
O
J
X
A
M
E
C
I
F
F
O
0
3
0
2
8
1
0
2
5
1
0
2
3
1
0
2
F
L
O
G
H
T
I
M
S
F
L
O
G
R
E
T
N
E
C
Y
U
B
T
S
E
B
S
L
L
A
H
S
R
A
M
7
3
0
2
7
1
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
2
2
0
2
8
5
0
2
4
5
0
2
9
1
0
2
2
4
0
2
6
4
0
2
6
5
0
2
1
2
0
2
8
1
0
2
9
5
0
2
6
1
0
2
3
3
0
2
8
3
0
2
7
6
0
2
5
4
0
2
2
6
0
2
9
8
0
2
7
2
0
2
6
4
0
2
5
0
0
2
6
1
0
2
8
2
0
2
4
3
0
2
4
4
0
2
4
3
0
2
3
3
0
2
9
4
0
2
8
4
0
2
5
4
0
2
4
2
0
2
3
3
0
2
1
3
0
2
3
2
0
2
3
8
0
2
6
3
0
2
2
3
0
2
2
4
0
2
1
5
0
2
1
5
0
2
5
7
0
2
7
2
0
2
5
3
0
2
1
3
0
2
2
3
0
2
7
4
0
2
2
1
0
2
8
2
0
2
4
2
0
2
4
1
0
2
2
1
0
2
6
1
0
2
6
2
0
2
1
1
0
2
3
1
0
2
9
1
0
2
1
1
0
2
3
1
0
2
0
1
0
2
4
1
0
2
8
1
0
2
7
2
0
2
0
2
0
2
0
1
0
2
2
2
0
2
9
2
0
2
2
1
0
2
6
1
0
2
0
2
0
2
7
1
0
2
1
1
0
2
8
1
0
2
9
1
0
2
4
1
0
2
4
1
0
2
8
1
0
2
9
1
0
2
3
2
0
2
5
1
0
2
4
1
0
2
8
1
0
2
6
1
0
2
3
1
0
2
3
3
0
2
6
1
0
2
7
1
0
2
2
2
0
2
1
2
0
2
6
1
0
2
5
2
0
2
2
1
0
2
0
2
0
2
6
1
0
2
7
1
0
2
2
3
0
2
e
m
a
N
t
n
a
n
e
T
D
O
O
F
T
N
A
I
G
R
E
T
E
E
T
S
I
R
R
A
H
D
O
O
F
T
N
A
I
G
D
O
O
F
T
N
A
I
G
Y
A
W
E
F
A
S
T
E
G
R
A
T
D
O
O
F
T
N
A
I
G
E
S
U
O
H
R
A
E
W
D
E
G
G
U
R
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
S
G
N
I
N
N
I
G
E
B
T
A
E
R
G
E
R
U
T
I
N
R
U
F
E
O
H
S
R
E
P
U
S
D
O
O
F
T
N
A
I
G
E
R
O
T
S
T
F
I
R
H
T
E
G
A
L
L
I
V
E
R
O
T
S
M
O
O
R
N
O
I
L
D
O
O
F
D
I
A
E
T
I
R
D
O
O
F
T
N
A
I
G
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
9
9
0
.
0
0
1
0
.
0
0
1
0
.
6
9
0
.
8
9
0
.
5
9
0
.
3
9
0
.
5
9
0
.
3
9
0
.
4
9
0
.
0
0
1
0
.
0
8
0
.
4
9
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
4
9
0
.
0
0
1
0
.
7
9
3
0
8
,
0
0
1
0
8
7
,
6
9
9
3
,
8
9
0
3
3
,
3
1
1
6
5
4
,
6
8
8
4
5
,
3
4
1
7
6
4
,
3
3
4
8
6
9
,
6
8
7
7
2
,
8
8
9
2
3
,
1
7
6
1
1
,
5
6
2
5
8
9
,
1
2
1
3
5
6
,
4
9
4
2
9
,
5
7
0
5
5
,
1
8
6
2
9
,
1
0
9
1
,
0
8
4
6
5
,
4
1
3
0
3
,
6
1
1
)
V
R
E
S
I
E
L
(
I
K
C
W
S
N
U
R
B
0
.
0
8
5
7
9
,
4
7
1
0
.
0
9
7
2
7
,
8
3
I
Y
G
O
L
O
D
A
R
N
A
C
I
R
E
M
A
F
R
O
D
L
A
W
S
E
N
A
L
R
I
A
F
T
R
A
M
-
L
A
W
S
V
C
H
S
E
R
F
R
E
P
U
S
D
O
O
F
T
N
A
I
G
G
N
I
L
W
O
B
T
E
K
R
A
M
R
E
P
U
S
S
’
W
A
H
S
T
R
A
M
K
P
O
H
S
&
P
O
T
S
D
R
O
F
A
N
N
A
H
S
E
R
O
T
S
S
’
B
O
B
P
O
H
S
&
P
O
T
S
Y
U
B
T
S
E
B
0
.
0
0
1
0
.
0
9
0
.
1
8
0
.
9
4
0
.
8
9
0
.
0
0
1
0
.
0
0
1
0
.
3
9
0
.
5
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
8
S
K
O
O
B
S
R
E
D
R
O
B
0
.
0
0
1
K
C
A
J
R
E
M
R
A
F
H
T
I
M
S
F
L
O
G
S
E
L
P
A
T
S
T
O
P
E
D
E
C
I
F
F
O
Y
B
B
O
L
Y
B
B
O
H
S
V
C
E
E
R
T
R
A
L
L
O
D
S
L
E
A
H
C
M
I
T
R
A
M
-
L
A
W
S
’
L
H
O
K
T
N
E
M
P
O
L
E
V
E
D
F
F
O
L
B
U
R
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
E
E
R
T
R
A
L
L
O
D
S
’
Y
L
R
E
Y
B
S
U
R
S
Y
O
T
0
.
5
8
0
.
0
9
0
.
0
0
1
0
.
0
0
1
0
.
1
9
0
.
2
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
7
9
0
.
9
8
0
.
5
6
0
.
7
9
0
.
8
9
9
5
0
,
5
6
0
8
3
,
1
0
2
9
9
7
,
9
5
5
0
4
,
8
8
6
2
3
,
8
7
6
8
2
1
,
6
2
0
0
5
,
4
5
3
2
,
1
3
1
8
7
3
,
1
3
2
5
2
1
,
4
0
1
4
1
0
,
2
7
0
1
5
,
0
8
8
1
4
,
8
0
1
7
9
1
,
1
3
2
1
0
6
,
6
3
3
7
9
,
8
4
1
4
2
4
,
0
3
1
2
4
0
,
9
1
0
0
5
,
4
5
1
9
,
6
9
3
4
3
,
9
7
2
1
2
1
,
3
3
5
1
2
,
9
7
0
0
0
,
0
6
7
5
2
,
2
2
9
4
5
,
1
4
1
0
5
0
,
3
2
2
0
1
2
,
7
8
3
1
1
4
,
8
1
2
6
0
,
4
7
4
7
7
4
,
6
6
4
1
3
2
,
0
2
1
.
C
N
I
,
E
V
I
T
O
M
O
T
U
A
H
T
I
M
S
F
L
O
G
Y
L
L
I
E
R
O
’
0
.
0
0
1
0
.
0
0
1
8
4
1
,
8
2
2
5
7
,
7
1
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
4
.
6
1
5
.
1
2
.
2
1
1
.
1
1
5
.
5
1
8
.
1
3
5
.
2
4
4
.
8
7
.
8
6
.
6
9
.
1
2
5
.
0
1
1
.
9
1
.
8
0
.
0
1
0
.
0
5
.
7
1
4
.
4
0
.
1
1
7
.
2
7
.
5
1
2
.
8
2
.
7
1
0
.
6
1
.
9
1
.
3
4
0
.
0
0
.
0
1
.
4
1
1
.
3
2
1
.
6
1
0
.
3
1
0
.
8
2
.
2
1
1
.
3
2
0
.
3
0
.
0
2
5
.
3
1
9
.
2
2
.
2
8
.
2
0
.
0
6
5
.
4
2
.
2
1
0
.
6
4
.
2
0
.
3
1
0
.
4
2
8
.
1
4
4
.
4
4
0
.
3
0
.
3
6
1
.
2
1
9
.
1
8
.
1
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
E
E
F
/
)
0
3
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
9
8
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
6
0
0
2
5
0
0
2
7
0
0
2
4
0
0
2
6
0
0
2
4
0
0
2
7
0
0
2
3
0
0
2
9
9
9
1
7
0
0
2
4
0
0
2
3
7
9
1
8
0
0
2
4
6
9
1
2
7
9
1
3
0
0
2
7
0
0
2
5
0
0
2
4
0
0
2
3
0
0
2
3
0
0
2
4
0
0
2
3
0
0
2
7
0
0
2
4
0
0
2
4
0
0
2
3
0
0
2
3
0
0
2
4
9
9
1
4
0
0
2
4
0
0
2
4
0
0
2
5
0
0
2
0
0
0
2
6
0
0
2
5
0
0
2
6
9
9
1
3
9
9
1
5
0
0
2
5
0
0
2
3
9
9
1
2
0
0
2
8
6
9
1
5
8
9
1
3
0
0
2
5
0
0
2
3
9
9
1
5
0
0
2
3
9
9
1
6
0
0
2
5
0
0
2
1
0
0
2
8
9
9
1
5
0
0
2
5
0
0
2
)
5
(
Y
T
I
C
T
T
O
C
I
L
L
E
)
6
(
Y
T
I
C
T
T
O
C
I
L
L
E
)
3
(
Y
T
I
C
T
T
O
C
I
L
L
E
Y
T
N
U
O
C
K
C
R
D
E
R
F
I
G
R
U
B
S
R
E
H
T
I
A
G
)
3
(
G
R
U
B
S
R
E
H
T
I
A
G
)
8
(
E
I
N
R
U
B
N
E
L
G
N
W
O
T
S
R
E
G
A
H
Y
E
L
L
A
V
T
N
U
H
)
9
(
T
S
A
E
H
T
R
O
N
S
L
L
I
M
S
G
N
W
O
I
I
M
U
C
H
T
N
I
L
)
8
(
S
L
L
I
M
S
G
N
W
O
I
L
E
R
U
A
L
L
E
R
U
A
L
)
5
(
I
A
B
M
U
L
O
C
)
8
(
I
A
B
M
U
L
O
C
)
9
(
I
A
B
M
U
L
O
C
)
6
(
N
O
T
S
A
E
)
0
1
(
A
N
E
D
A
S
A
P
L
L
A
H
Y
R
R
E
P
)
6
(
L
L
A
H
Y
R
R
E
P
I
M
U
N
O
M
I
T
)
9
(
I
M
U
N
O
M
I
T
)
6
(
N
O
S
W
O
T
)
2
1
(
)
8
(
N
O
S
W
O
T
F
R
O
D
L
A
W
F
R
O
D
L
A
W
I
N
O
T
G
N
R
R
A
B
T
A
E
R
G
)
0
1
(
H
G
U
O
R
O
B
L
R
A
M
)
6
(
S
I
N
N
A
Y
H
)
6
(
D
L
E
I
F
S
T
T
I
P
)
8
(
Y
C
N
U
Q
I
I
)
5
(
E
G
D
R
B
R
U
T
S
Y
R
U
B
S
W
E
R
H
S
S
T
T
E
S
U
H
C
A
S
S
A
M
N
A
G
I
H
C
M
I
S
T
H
G
I
E
H
N
R
O
B
R
A
E
D
)
0
1
(
O
O
Z
A
M
A
L
A
K
N
O
T
G
N
M
R
A
F
I
.
P
W
T
N
O
T
N
A
C
N
O
T
S
K
R
A
L
C
N
O
S
W
A
L
C
.
P
W
T
N
O
T
N
I
L
C
N
O
G
E
K
S
U
M
I
A
N
O
V
I
L
)
0
1
(
I
V
O
N
S
O
M
E
K
O
R
O
L
Y
A
T
)
8
(
Y
O
R
T
R
E
K
L
A
W
A
T
O
S
E
N
N
M
I
)
4
(
E
V
O
R
G
E
L
P
A
M
)
4
(
A
K
N
O
T
E
N
N
M
I
S
E
K
A
L
R
O
B
R
A
I
E
I
R
A
R
P
N
E
D
E
E
L
L
I
V
E
S
O
R
L
U
A
P
.
T
S
29
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
2
3
0
2
5
2
0
2
2
1
0
2
0
1
0
2
X
A
M
E
C
I
F
F
O
T
O
P
E
D
E
C
I
F
F
O
4
2
0
2
9
2
0
2
4
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
4
2
0
2
9
1
0
2
1
2
0
2
8
3
0
2
7
4
0
2
1
1
0
2
3
2
0
2
7
1
0
2
C
L
L
,
D
L
E
I
F
E
L
T
T
A
B
-
E
C
A
P
S
K
O
O
B
S
R
E
D
R
O
B
X
X
A
M
J
T
0
2
0
2
7
2
0
2
0
3
0
2
4
2
0
2
9
1
0
2
0
1
0
2
T
O
P
E
D
E
C
I
F
F
O
0
3
0
2
5
2
0
2
7
2
0
2
4
1
0
2
4
1
0
2
3
1
0
2
4
1
0
2
4
1
0
2
5
1
0
2
2
1
0
2
0
2
0
2
4
1
0
2
5
1
0
2
5
1
0
2
7
1
0
2
S
K
O
O
B
S
G
N
I
T
S
A
H
P
O
H
S
E
L
I
T
E
H
T
R
E
H
T
A
E
L
E
H
T
N
O
I
T
C
E
L
L
O
C
0
3
0
2
2
3
0
2
2
3
0
2
4
5
0
2
9
2
0
2
8
3
0
2
0
5
0
2
L
A
R
E
N
E
G
R
A
L
L
O
D
S
L
L
A
H
S
R
A
M
Y
E
N
N
E
P
C
J
T
O
P
E
D
E
C
I
F
F
O
S
S
E
N
T
I
F
B
U
L
C
S
T
O
L
G
B
I
5
6
0
2
8
3
0
2
6
2
0
2
8
2
0
2
4
5
0
2
9
3
0
2
8
3
0
2
2
8
0
2
4
2
0
2
S
E
R
E
H
P
S
I
M
E
H
4
2
0
2
Y
N
A
P
M
O
C
S
’
N
E
M
G
&
K
5
3
0
2
T
O
P
E
D
E
C
I
F
F
O
6
5
0
2
0
4
0
2
1
4
0
2
6
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
1
4
0
2
4
2
0
2
2
3
0
2
7
1
0
2
X
A
M
E
C
I
F
F
O
4
4
0
2
6
3
0
2
2
2
0
2
7
2
0
2
5
2
0
2
2
1
0
2
6
1
0
2
2
1
0
2
2
1
0
2
0
2
0
2
S
E
R
T
A
E
H
T
4
A
M
E
N
I
C
S
R
E
V
A
S
6
1
0
2
6
3
0
2
S
S
E
N
T
I
F
R
U
O
H
4
2
E
L
B
O
N
&
S
E
N
R
A
B
0
1
R
O
F
S
S
E
N
T
I
F
0
2
0
2
2
3
0
2
6
1
0
2
0
2
0
2
5
2
0
2
2
2
0
2
4
3
0
2
4
1
0
2
S
K
O
O
B
S
R
E
D
R
O
B
8
3
0
2
6
1
0
2
4
1
0
2
9
1
0
2
1
1
0
2
6
1
0
2
0
1
0
2
5
1
0
2
2
1
0
2
1
1
0
2
5
1
0
2
5
1
0
2
2
1
0
2
3
2
0
2
4
5
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
6
2
0
2
S
L
L
A
H
S
R
A
M
4
3
0
2
S
T
O
L
G
B
I
6
3
0
2
S
C
I
S
S
A
L
C
S
N
E
E
L
L
O
C
O
E
D
I
V
D
O
O
W
Y
L
L
O
H
T
N
U
O
C
S
I
D
R
A
L
L
O
D
R
E
T
N
E
C
X
X
A
M
J
T
R
A
E
G
E
L
C
Y
C
X
A
M
E
C
I
F
F
O
S
T
E
K
R
A
M
S
T
A
O
D
L
I
W
L
I
O
L
L
E
H
S
S
V
C
T
R
A
M
S
R
E
D
L
I
U
B
S
T
O
L
G
B
I
7
2
0
2
2
3
0
2
3
2
0
2
9
3
0
2
6
4
0
2
7
3
0
2
6
1
0
2
7
3
0
2
6
3
0
2
1
4
0
2
1
2
0
2
7
3
0
2
0
6
0
2
0
3
0
2
8
5
0
2
8
3
0
2
9
1
0
2
T
O
P
E
D
E
C
I
F
F
O
9
2
0
2
4
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
4
2
0
2
0
2
0
2
4
2
0
2
7
1
0
2
4
2
0
2
9
1
0
2
8
1
0
2
5
1
0
2
4
1
0
2
0
2
0
2
8
1
0
2
1
1
0
2
3
1
0
2
4
2
0
2
9
1
0
2
8
1
0
2
7
1
0
2
4
1
0
2
6
2
0
2
4
2
0
2
4
2
0
2
4
1
0
2
6
1
0
2
4
1
0
2
6
1
0
2
2
1
0
2
7
1
0
2
3
1
0
2
4
1
0
2
1
2
0
2
2
1
0
2
1
1
0
2
7
1
0
2
1
1
0
2
1
1
0
2
1
1
0
2
2
2
0
2
0
3
0
2
5
1
0
2
1
2
0
2
8
2
0
2
3
2
0
2
E
R
U
T
I
N
R
U
F
Y
E
L
H
S
A
T
O
P
E
D
E
M
O
H
O
K
P
O
H
S
E
V
A
S
N
P
O
H
S
T
R
A
M
K
0
.
1
9
0
.
0
0
1
0
.
6
9
0
.
0
0
1
0
.
0
0
1
0
8
0
,
8
1
1
0
7
8
,
4
8
1
6
1
4
,
5
5
1
4
2
5
,
0
8
1
8
3
,
0
5
1
Y
B
B
O
L
Y
B
B
O
H
0
.
0
0
1
4
2
5
,
1
5
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
T
R
A
M
K
E
V
A
S
N
P
O
H
S
Y
U
B
T
S
E
B
S
’
L
H
O
K
S
’
L
H
O
K
0
.
0
0
1
0
.
0
0
1
0
.
6
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
T
A
O
C
N
O
T
G
N
I
L
R
U
B
Y
R
O
T
C
A
F
E
V
A
S
N
P
O
H
S
0
.
3
9
0
.
5
9
S
’
L
H
O
K
0
.
0
0
1
7
4
7
,
9
7
5
0
3
,
9
8
9
1
6
,
2
8
2
6
1
9
,
4
8
4
8
3
,
3
0
2
0
0
0
,
8
0
6
4
,
4
8
1
8
7
,
3
1
1
3
9
0
,
9
2
1
3
7
2
,
6
7
1
T
O
P
E
D
E
M
O
H
0
.
9
8
0
4
5
,
1
5
1
T
R
A
M
K
0
.
0
0
1
5
6
1
,
2
7
1
T
R
A
M
K
0
.
0
0
1
5
6
7
,
8
2
1
Y
B
B
O
L
Y
B
B
O
H
0
.
5
9
1
2
1
,
5
7
1
S
’
L
H
O
K
0
.
0
0
1
2
9
5
,
1
0
1
T
R
A
M
K
0
.
0
0
1
4
2
7
,
0
0
1
E
R
O
T
S
E
M
O
H
E
R
U
T
I
N
R
U
F
Y
E
L
H
S
A
0
.
8
9
8
4
8
,
3
9
2
S
L
E
A
H
C
M
I
0
.
0
0
1
0
0
0
,
0
5
S
L
L
A
H
S
R
A
M
0
.
2
8
0
0
0
,
9
7
1
C
I
S
S
A
L
C
S
’
N
E
E
L
L
O
C
T
N
E
M
N
G
I
S
N
O
C
S
’
Y
E
L
A
R
S
’
Y
E
L
A
R
S
N
O
S
T
R
E
B
L
A
S
N
O
S
T
R
E
B
L
A
T
R
A
M
-
L
A
W
E
E
R
T
R
A
L
L
O
D
S
E
R
T
A
E
H
T
A
U
S
S
E
L
4
D
O
O
F
X
A
M
E
C
I
F
F
O
S
N
O
V
E
S
U
O
H
E
R
A
W
S
’
I
R
A
L
O
C
S
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
’
Y
E
L
A
R
S
’
Y
E
L
A
R
T
E
K
R
A
M
Y
A
W
E
F
A
S
S
’
Y
E
L
A
R
0
.
0
9
0
.
2
9
0
.
6
7
0
.
3
7
0
.
5
9
0
.
4
9
0
.
5
4
0
.
4
9
0
.
3
8
0
.
3
7
0
.
0
4
0
.
1
8
0
.
9
5
0
.
5
9
0
.
2
9
0
.
8
9
0
.
7
8
0
.
5
9
0
.
2
9
8
5
2
,
4
1
1
6
5
7
,
0
7
1
9
9
4
,
6
6
1
3
7
7
,
0
3
1
0
5
6
,
7
7
6
8
4
,
1
6
3
5
4
2
,
1
1
1
9
7
2
,
8
2
2
0
6
1
,
9
6
1
4
3
2
,
3
3
3
2
4
8
,
0
6
1
7
1
3
,
1
3
7
2
6
,
6
3
4
0
0
,
0
2
1
9
1
3
,
4
0
1
1
0
5
,
6
4
1
6
7
3
,
3
1
1
1
0
6
,
9
1
1
3
4
7
,
3
1
1
3
.
7
2
1
.
0
1
4
.
8
1
0
.
1
2
6
.
2
1
5
.
9
8
.
7
1
8
.
9
1
8
.
9
6
.
9
5
.
1
4
5
.
8
5
.
8
1
9
.
6
3
4
.
8
4
.
1
1
1
.
3
1
5
.
7
1
7
.
9
1
7
.
7
3
3
.
6
1
8
.
4
1
2
.
9
6
0
.
5
8
.
2
7
4
.
9
3
.
1
3
1
.
2
3
5
.
0
1
0
.
7
8
.
4
3
4
.
9
1
.
1
2
4
.
6
1
5
.
4
3
1
.
6
1
7
.
2
1
.
3
5
.
5
1
2
.
3
1
5
.
4
1
3
.
2
1
3
.
0
1
3
.
0
1
E
S
A
E
L
D
N
U
O
R
G
)
0
1
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
2
3
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
9
6
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
7
8
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
9
3
0
2
(
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
5
2
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
5
3
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
0
4
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
4
9
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
7
9
9
1
7
9
9
1
0
7
9
1
8
9
9
1
8
9
9
1
8
9
9
1
7
9
9
1
0
9
9
1
4
7
9
1
8
9
9
1
4
9
9
1
2
0
0
2
8
9
9
1
8
9
9
1
8
9
9
1
8
9
9
1
2
7
9
1
8
9
9
1
7
9
9
1
7
9
9
1
7
9
9
1
7
9
9
1
4
0
0
2
2
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
9
9
9
1
6
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
6
0
0
2
7
0
0
2
7
0
0
2
Y
T
I
C
L
A
T
S
Y
R
C
E
C
N
E
D
N
E
P
E
D
N
I
E
L
L
I
V
S
I
L
L
E
Y
T
I
C
S
A
S
N
A
K
)
4
(
N
I
L
P
O
J
N
I
L
P
O
J
D
O
O
W
K
R
K
I
)
4
(
R
E
T
S
E
H
C
N
A
M
Y
A
M
E
L
D
L
E
I
F
G
N
R
P
S
I
D
L
E
I
F
G
N
R
P
S
I
D
L
E
I
F
G
N
R
P
S
I
S
E
L
R
A
H
C
.
T
S
S
E
L
R
A
H
C
.
T
S
S
I
U
O
L
.
T
S
S
I
U
O
L
.
T
S
S
I
U
O
L
.
T
S
S
I
U
O
L
.
T
S
S
I
U
O
L
.
T
S
S
I
U
O
L
.
T
S
S
R
E
T
E
P
.
T
S
N
O
T
E
G
D
R
B
I
I
R
U
O
S
S
I
M
)
3
(
Y
T
I
C
N
O
S
R
A
C
N
O
S
R
E
D
N
E
H
)
3
(
O
K
L
E
)
3
(
N
O
S
R
E
D
N
E
H
)
3
(
S
A
G
E
V
S
A
L
)
3
(
S
A
G
E
V
S
A
L
)
3
(
S
A
G
E
V
S
A
L
)
3
(
S
A
G
E
V
S
A
L
)
3
(
S
A
G
E
V
S
A
L
)
3
(
S
A
G
E
V
S
A
L
)
3
(
S
A
G
E
V
S
A
L
)
5
(
O
N
E
R
)
5
(
O
N
E
R
)
5
(
O
N
E
R
)
3
(
O
N
E
R
O
N
E
R
O
N
E
R
)
5
(
S
K
R
A
P
S
S
K
R
A
P
S
G
R
U
B
S
E
I
T
T
A
H
I
P
P
I
S
S
I
S
S
I
M
)
0
1
(
N
O
S
K
C
A
J
A
H
A
M
O
A
K
S
A
R
B
E
N
A
D
A
V
E
N
30
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
3
3
0
2
2
2
0
2
6
2
0
2
2
2
0
2
6
3
0
2
3
3
0
2
2
2
0
2
7
2
0
2
2
3
0
2
6
2
0
2
7
1
0
2
5
2
0
2
9
2
0
2
3
1
0
2
7
4
0
2
2
1
0
2
1
1
0
2
2
1
0
2
1
2
0
2
3
1
0
2
2
1
0
2
2
1
0
2
0
4
0
2
5
1
0
2
S
U
R
S
E
I
B
A
B
7
2
0
2
7
1
0
2
1
2
0
2
2
1
0
2
2
1
0
2
1
1
0
2
S
’
A
N
N
E
K
C
A
M
S
L
E
A
H
C
M
I
9
2
0
2
2
3
0
2
S
E
R
O
T
S
S
’
B
O
B
8
3
0
2
S
T
E
K
R
A
M
E
M
C
A
S
U
R
S
E
I
B
A
B
S
’
Y
P
E
E
L
S
X
X
A
M
J
T
X
X
A
M
J
T
S
S
E
N
T
I
F
A
L
S
L
E
A
H
C
M
I
5
2
0
2
7
2
0
2
7
2
0
2
4
3
0
2
0
3
0
2
6
2
0
2
6
5
0
2
1
4
0
2
8
2
0
2
3
3
0
2
2
1
0
2
2
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
S
C
I
R
B
A
F
N
N
A
-
O
J
9
3
0
2
2
3
0
2
7
1
0
2
E
R
U
T
I
N
R
U
F
Y
E
L
L
A
V
1
2
0
2
1
1
0
2
2
1
0
2
1
1
0
2
0
1
0
2
9
1
0
2
A
C
I
R
E
M
A
F
O
S
E
T
A
T
S
D
E
T
I
N
U
6
4
0
2
T
O
P
E
D
E
C
I
F
F
O
3
4
0
2
X
X
A
M
J
T
5
3
0
2
G
U
B
N
O
I
H
S
A
F
S
’
L
L
E
D
O
M
8
2
0
2
2
3
0
2
7
2
0
2
1
2
0
2
S
S
E
N
T
I
F
L
A
T
O
T
Y
L
L
A
B
3
3
0
2
S
L
L
A
H
S
R
A
M
4
1
0
2
2
1
0
2
8
2
0
2
8
1
0
2
5
1
0
2
3
1
0
2
7
1
0
2
9
1
0
2
0
2
0
2
6
1
0
2
6
2
0
2
6
1
0
2
3
1
0
2
8
1
0
2
3
1
0
2
2
1
0
2
4
2
0
2
2
1
0
2
9
1
0
2
1
1
0
2
7
2
0
2
3
1
0
2
5
1
0
2
1
1
0
2
8
1
0
2
0
3
0
2
7
1
0
2
7
1
0
2
1
1
0
2
T
E
K
R
A
M
R
E
P
U
S
S
’
W
A
H
S
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
L
A
I
N
O
L
O
C
T
S
R
I
F
D
I
A
E
T
I
R
S
S
E
N
T
I
F
O
R
T
E
R
S
L
L
A
H
S
R
A
M
S
S
E
N
T
I
F
T
E
N
A
L
P
2
5
0
2
1
3
0
2
0
5
0
2
9
4
0
2
9
4
0
2
9
4
0
2
0
3
0
2
6
3
0
2
6
3
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
8
6
0
2
L
L
I
R
G
I
H
C
A
B
I
H
T
O
P
E
D
E
C
I
F
F
O
S
’
I
D
R
A
U
N
E
G
K
R
A
M
H
T
A
P
S
L
L
A
H
S
R
A
M
Y
U
B
T
S
E
B
6
2
0
2
9
2
0
2
7
6
0
2
2
4
0
2
7
4
0
2
3
4
0
2
9
3
0
2
6
8
0
2
3
3
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
6
6
0
2
T
A
O
C
N
O
T
G
N
I
L
R
U
B
8
5
0
2
Y
R
O
T
C
A
F
E
G
A
R
O
T
S
D
N
A
L
K
C
A
L
S
S
E
N
T
I
F
R
E
P
U
S
Y
U
B
T
S
E
B
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
N
E
E
R
G
L
A
W
S
U
R
S
Y
O
T
4
2
0
2
0
3
0
2
7
3
0
2
8
5
0
2
4
4
0
2
1
8
0
2
7
3
0
2
1
2
0
2
3
3
0
2
1
3
0
2
N
E
L
L
U
K
G
N
I
K
9
3
0
2
S
G
N
I
D
L
O
H
E
S
R
U
O
C
N
O
C
1
6
1
6
3
0
2
N
O
S
&
D
R
A
H
C
I
R
C
P
E
R
A
W
D
R
A
H
E
C
A
S
T
O
L
G
B
I
S
N
E
E
R
G
L
A
W
T
R
A
M
S
T
E
P
1
5
0
2
7
3
0
2
0
5
0
2
4
4
0
2
2
2
0
2
1
1
0
2
5
2
0
2
3
1
0
2
4
1
0
2
9
1
0
2
9
1
0
2
9
2
0
2
5
1
0
2
6
1
0
2
6
1
0
2
8
1
0
2
1
1
0
2
6
1
0
2
9
1
0
2
0
1
0
2
7
2
0
2
2
2
0
2
2
1
0
2
3
1
0
2
1
4
0
2
9
1
0
2
6
2
0
2
3
2
0
2
4
1
0
2
6
2
0
2
8
1
0
2
4
1
0
2
5
1
0
2
7
1
0
2
8
2
0
2
4
1
0
2
7
1
0
2
7
1
0
2
1
1
0
2
4
1
0
2
3
1
0
2
6
1
0
2
4
1
0
2
9
1
0
2
1
1
0
2
9
1
0
2
4
1
0
2
4
1
0
2
2
2
0
2
2
1
0
2
0
2
0
2
5
1
0
2
T
E
K
R
A
M
R
E
P
U
S
S
’
W
A
H
S
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
.
S
O
R
B
D
R
O
F
A
N
N
A
H
S
’
L
H
O
K
E
M
E
R
C
A
L
E
D
E
M
E
R
C
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
E
E
R
T
R
A
L
L
O
D
O
C
T
S
O
C
A
W
A
W
P
O
H
S
&
P
O
T
S
S
’
L
H
O
K
T
E
L
T
U
O
F
V
T
R
A
M
S
T
E
P
S
’
L
H
O
K
A
M
E
N
I
C
L
A
R
E
N
E
G
E
E
R
T
R
A
L
L
O
D
T
E
G
R
A
T
T
E
G
R
A
T
T
R
A
M
K
P
&
A
S
R
E
M
R
A
F
L
E
D
M
L
O
H
T
E
K
R
A
M
Y
U
B
T
S
E
B
E
V
I
T
O
M
O
T
U
A
N
A
Y
R
T
N
U
O
C
S
I
D
S
S
U
A
R
T
S
O
T
U
A
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
S
T
E
K
R
A
M
R
E
P
U
S
R
A
H
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
2
9
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
9
8
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
8
0
.
6
6
0
.
8
9
0
.
0
0
1
0
.
0
0
1
0
.
2
8
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
4
0
.
0
0
1
2
0
8
,
8
4
1
6
1
1
,
2
8
1
0
7
4
,
6
0
1
9
6
0
,
4
4
3
1
0
9
,
3
2
0
8
6
,
6
5
0
7
5
,
6
3
1
5
5
5
,
1
2
7
9
9
,
1
4
2
0
5
7
,
4
2
1
7
3
5
,
1
3
1
5
8
1
,
9
0
2
8
8
3
,
3
2
1
3
8
5
,
7
7
9
7
6
,
7
3
0
3
9
,
4
4
9
2
0
,
9
4
2
5
1
3
,
3
2
4
2
5
5
,
5
5
8
7
6
,
5
0
3
7
5
5
,
4
3
2
0
0
0
,
0
3
3
8
5
,
4
4
0
4
3
,
3
1
2
2
2
,
5
4
1
1
5
3
,
1
0
2
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
E
T
I
R
P
O
H
S
S
E
L
P
A
T
S
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
H
S
E
R
F
R
E
P
U
S
O
C
T
S
O
C
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
7
T
R
A
M
S
T
E
P
0
.
0
0
1
T
E
K
R
A
M
R
E
P
U
S
S
P
O
T
T
S
E
W
S
E
I
V
O
M
E
N
O
E
G
A
P
S
T
N
E
M
E
S
U
M
A
L
A
N
O
I
T
A
N
E
D
A
E
R
E
N
A
U
D
E
D
A
E
R
E
N
A
U
D
D
I
A
E
T
I
R
Y
U
B
T
S
E
B
D
I
A
E
T
I
R
T
R
A
M
K
T
E
K
R
A
M
R
E
P
U
S
S
P
O
T
T
O
P
E
D
E
M
O
H
K
R
A
M
H
T
A
P
T
R
A
M
-
L
A
W
0
.
8
8
0
.
7
8
0
.
0
0
.
0
0
1
0
.
8
9
0
.
0
0
1
0
.
4
9
0
.
0
0
1
0
.
2
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
4
9
0
.
0
0
1
0
.
9
9
0
.
0
0
1
8
4
3
,
7
9
0
8
2
,
4
2
5
8
4
,
0
2
5
2
2
,
5
9
8
2
5
,
1
3
3
9
5
2
,
3
7
1
2
4
4
,
7
3
6
3
7
,
3
8
1
2
2
7
,
9
5
5
2
6
,
0
3
6
6
0
,
1
0
1
2
2
6
,
6
7
1
2
0
8
,
4
2
7
8
5
,
7
8
2
0
2
7
,
3
9
0
3
,
2
3
2
0
0
5
,
7
0
0
0
,
0
1
1
7
6
,
9
2
6
7
0
,
1
4
0
0
2
,
5
8
0
7
,
0
8
2
3
3
,
1
4
1
1
5
8
,
5
0
1
7
3
9
,
9
7
3
5
5
9
,
4
5
T
R
A
M
-
L
A
W
0
.
0
0
1
2
6
3
,
5
2
4
3
.
7
1
2
.
8
1
5
.
9
8
.
9
3
6
.
0
9
.
5
0
.
0
4
.
1
1
6
.
6
1
6
.
8
1
2
.
5
1
0
.
8
4
7
.
3
1
5
.
0
1
5
.
9
6
.
0
1
8
.
4
3
7
.
5
4
0
.
5
6
.
8
4
8
.
8
3
9
.
3
2
.
5
9
.
0
5
.
4
1
7
.
2
2
1
.
8
3
6
.
9
7
.
2
9
.
3
5
.
3
2
.
9
1
4
.
7
1
7
.
4
0
.
6
2
8
.
4
9
.
3
5
.
7
9
.
5
1
4
.
1
2
.
0
3
1
.
0
5
.
9
1
2
.
0
4
.
0
2
.
0
9
.
2
2
.
0
1
.
5
2
.
9
5
.
0
1
7
.
0
4
3
.
4
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
5
3
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
6
6
0
2
(
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
1
0
1
2
(
8
0
0
2
4
0
0
2
5
0
0
2
4
9
9
1
4
0
0
2
5
0
0
2
8
9
9
1
5
0
0
2
1
0
0
2
5
8
9
1
6
9
9
1
7
0
0
2
6
9
9
1
0
0
0
2
5
0
0
2
8
0
0
2
8
0
0
2
7
0
0
2
5
0
0
2
7
0
0
2
7
0
0
2
5
0
0
2
5
0
0
2
2
0
0
2
8
0
0
2
9
0
0
2
4
9
9
1
8
9
9
1
4
9
9
1
5
0
0
2
7
0
0
2
9
0
0
2
4
9
9
1
8
9
9
1
8
9
9
1
8
9
9
1
6
0
0
2
8
8
9
1
6
0
0
2
4
0
0
2
3
7
9
1
5
0
0
2
8
9
9
1
3
0
0
2
3
0
0
2
4
0
0
2
4
0
0
2
5
0
0
2
0
0
0
2
8
8
9
1
6
0
0
2
3
9
9
1
4
0
0
2
N
W
O
T
K
C
R
B
I
E
N
N
O
Y
A
B
R
E
T
A
W
E
G
D
R
B
I
R
E
T
A
W
E
G
D
R
B
I
)
4
(
R
E
T
A
W
E
G
D
R
B
I
L
L
I
H
Y
R
R
E
H
C
L
L
I
H
Y
R
R
E
H
C
)
9
(
L
L
I
H
Y
R
R
E
H
C
N
O
D
N
O
L
W
E
N
)
6
(
A
U
H
S
A
N
D
R
O
F
L
I
M
E
R
I
H
S
P
M
A
H
W
E
N
M
E
L
A
S
Y
E
S
R
E
J
W
E
N
I
N
O
S
N
M
A
N
N
C
I
)
2
1
(
)
4
(
N
A
R
L
E
D
)
0
1
(
D
R
O
F
T
P
E
D
I
R
O
S
D
N
W
T
S
A
E
)
3
(
R
E
T
A
W
E
G
D
E
)
4
(
N
A
R
L
E
D
H
G
U
O
R
O
B
S
L
L
I
H
L
E
D
M
L
O
H
L
E
D
M
L
O
H
L
L
E
W
O
H
L
I
V
N
E
K
N
E
D
N
I
L
)
0
1
(
Y
R
R
E
F
E
L
T
T
I
L
N
W
O
T
S
E
R
O
O
M
I
K
C
W
S
N
U
R
B
H
T
R
O
N
Y
A
W
A
T
A
C
S
I
P
D
O
O
W
E
G
D
R
I
I
T
R
G
A
E
S
N
O
N
U
I
E
N
Y
A
W
E
U
Q
R
E
U
Q
U
B
L
A
E
U
Q
R
E
U
Q
U
B
L
A
E
U
Q
R
E
U
Q
U
B
L
A
)
0
1
(
S
E
C
U
R
C
S
A
L
)
2
1
(
T
N
O
M
T
S
E
W
O
C
I
X
E
M
W
E
N
K
R
O
Y
W
E
N
N
O
T
P
M
A
H
E
G
D
R
B
I
)
0
1
(
T
S
R
E
H
M
A
E
R
O
H
S
Y
A
B
E
R
O
M
L
L
E
B
)
0
1
(
X
N
O
R
B
X
N
O
R
B
N
Y
L
K
O
O
R
B
N
Y
L
K
O
O
R
B
N
Y
L
K
O
O
R
B
N
Y
L
K
O
O
R
B
N
Y
L
K
O
O
R
B
)
0
1
(
H
C
A
E
R
E
T
N
E
C
P
I
L
S
I
L
A
R
T
N
E
C
)
4
(
N
Y
L
K
O
O
R
B
)
0
1
(
O
L
A
F
F
U
B
H
C
A
E
R
E
T
N
E
C
31
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
3
4
0
2
3
2
0
2
S
U
R
S
E
I
B
A
B
7
3
0
2
7
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
7
4
0
2
8
2
0
2
8
1
0
2
T
R
A
M
S
T
E
P
5
2
0
2
0
1
0
2
S
’
R
E
T
S
U
B
&
E
V
A
D
6
1
0
2
1
1
0
2
S
L
L
A
H
S
R
A
M
7
2
0
2
2
1
0
2
S
L
E
A
H
C
M
I
0
4
0
2
6
2
0
2
9
2
0
2
8
2
0
2
8
2
0
2
0
2
0
2
1
1
0
2
9
1
0
2
3
1
0
2
8
1
0
2
S
U
R
S
Y
O
T
Z
E
S
E
I
N
N
A
S
E
L
P
A
T
S
O
C
T
E
P
E
E
R
T
R
A
L
L
O
D
8
1
0
2
3
1
0
2
S
S
E
N
T
I
F
L
A
T
O
T
Y
L
L
A
B
1
7
0
2
1
3
0
2
T
O
P
E
D
E
M
O
H
3
4
0
2
3
1
0
2
T
R
A
M
-
L
A
W
9
2
0
2
1
2
0
2
4
1
0
2
1
1
0
2
S
L
E
A
H
C
M
I
2
5
0
2
Z
E
S
E
I
N
N
A
4
3
0
2
4
2
0
2
9
1
0
2
N
E
L
L
U
K
G
N
I
K
S
D
O
O
G
E
M
O
H
1
2
0
2
1
1
0
2
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
3
5
0
2
3
3
0
2
S
V
C
1
3
0
2
1
1
0
2
S
L
E
A
H
C
M
I
5
1
0
2
S
U
R
S
Y
O
T
7
1
0
2
2
1
0
2
K
R
A
M
H
T
A
P
7
1
0
2
2
1
0
2
S
T
O
L
G
B
I
1
2
0
2
1
1
0
2
K
R
A
M
H
T
A
P
6
3
0
2
6
1
0
2
T
R
A
M
S
T
E
P
0
3
0
2
0
2
0
2
S
S
E
N
T
I
F
&
S
T
R
O
P
S
9
2
0
2
1
0
1
2
5
3
0
2
8
1
0
2
8
1
0
2
4
1
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
2
2
0
2
5
1
0
2
3
1
0
2
3
1
0
2
E
S
U
O
H
R
A
E
W
D
E
G
G
U
R
Y
N
A
P
M
O
C
S
’
N
E
M
G
&
K
S
’
L
H
O
K
S
V
C
8
2
0
2
6
5
0
2
0
4
0
2
5
7
0
2
9
2
0
2
5
2
0
2
3
0
0
2
0
4
0
2
9
1
0
2
2
4
0
2
3
4
0
2
6
3
0
2
1
4
0
2
1
3
0
2
4
3
0
2
2
2
0
2
0
3
0
2
7
3
0
2
9
4
0
2
5
2
0
2
4
2
0
2
1
3
0
2
7
1
0
2
8
1
0
2
5
2
0
2
1
2
0
2
8
2
0
2
5
2
0
2
6
3
0
2
7
3
0
2
0
4
0
2
7
1
0
2
0
4
0
2
5
3
0
2
7
1
0
2
8
1
0
2
1
1
0
2
4
1
0
2
3
3
0
2
0
3
0
2
9
1
0
2
5
2
0
2
4
1
0
2
5
1
0
2
3
2
0
2
9
5
0
2
4
1
0
2
5
2
0
2
4
1
0
2
2
2
0
2
3
1
0
2
1
1
0
2
4
1
0
2
3
1
0
2
6
1
0
2
4
2
0
2
2
1
0
2
0
2
0
2
4
1
0
2
7
1
0
2
0
2
0
2
5
1
0
2
4
1
0
2
1
1
0
2
1
1
0
2
2
1
0
2
3
1
0
2
5
1
0
2
6
1
0
2
4
1
0
2
3
1
0
2
5
1
0
2
1
2
0
2
7
1
0
2
0
2
0
2
2
1
0
2
0
3
0
2
5
1
0
2
E
C
U
D
O
R
P
Y
E
L
L
A
V
T
I
U
R
F
E
D
A
E
R
E
N
A
U
D
T
O
P
E
D
E
M
O
H
$
L
A
E
D
T
O
P
E
D
E
M
O
H
S
V
C
P
O
H
S
&
P
O
T
S
S
E
L
P
A
T
S
S
’
Y
C
A
M
S
’
L
H
O
K
E
D
A
E
R
E
N
A
U
D
S
N
E
E
R
G
L
A
W
T
E
K
R
A
M
S
D
O
O
F
E
L
O
H
W
E
C
A
R
G
.
.
R
W
N
N
I
E
G
D
I
R
E
L
L
I
M
B
U
L
C
S
’
M
A
S
T
E
K
R
A
M
Y
A
W
H
S
E
R
F
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
T
N
U
O
C
S
I
D
S
’
B
O
B
E
R
U
T
I
N
R
U
F
E
D
A
E
R
E
N
A
U
D
S
M
U
A
B
D
L
A
W
Y
U
B
T
S
E
B
S
’
E
N
E
L
I
F
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
0
0
1
0
.
4
1
0
.
7
9
0
.
9
9
0
.
0
0
1
0
.
6
8
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
0
0
1
0
.
6
3
0
.
0
0
1
0
.
8
7
0
.
0
0
1
0
.
8
9
0
.
6
5
0
.
9
7
0
.
0
0
1
0
.
8
4
7
1
6
,
4
2
9
9
9
,
3
6
1
8
7
0
,
7
2
0
0
9
,
2
1
9
6
4
,
5
1
4
6
1
4
,
2
2
4
6
8
,
7
1
1
3
0
,
3
7
1
9
5
0
,
9
4
0
9
9
,
0
7
9
3
9
,
7
2
2
5
0
9
,
3
1
1
8
5
,
5
3
5
9
5
,
1
0
0
9
,
9
0
7
7
,
5
8
9
9
,
3
6
3
1
0
,
7
5
5
8
0
,
2
1
5
8
,
5
0
1
0
3
1
,
6
1
6
5
3
4
,
7
9
9
1
,
7
4
5
7
2
,
8
4
8
0
6
,
8
8
1
0
0
5
,
2
2
6
3
2
,
8
0
1
0
0
0
,
0
8
0
8
7
,
6
2
8
4
7
,
2
7
0
7
9
,
5
5
N
E
L
L
U
K
G
N
I
K
0
.
2
8
9
0
4
,
5
6
2
T
N
U
O
C
S
I
D
S
S
U
A
R
T
S
P
O
H
S
&
P
O
T
S
O
T
U
A
T
E
K
R
A
M
R
E
P
U
S
S
P
O
T
N
E
L
L
U
K
G
N
I
K
T
R
A
M
K
S
E
R
O
T
S
Y
A
W
R
I
A
F
S
E
L
P
A
T
S
T
R
A
M
K
X
X
A
M
J
T
B
U
L
C
S
T
R
O
P
S
K
R
O
Y
W
E
N
E
D
A
E
R
E
N
A
U
D
E
T
I
R
P
O
H
S
O
T
U
A
T
N
U
O
C
S
I
D
S
S
U
A
R
T
S
0
.
0
0
.
0
0
1
0
.
5
9
0
.
0
0
1
0
.
0
7
0
.
6
9
0
.
5
9
0
.
2
9
0
.
0
0
1
0
.
0
0
.
7
7
0
.
0
0
1
0
.
0
9
0
.
0
0
1
0
.
0
0
1
T
R
A
M
L
A
B
O
L
G
R
E
P
U
S
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
D
O
O
F
S
E
W
O
L
X
X
A
M
J
T
S
’
J
B
0
.
7
7
0
.
9
9
0
.
5
5
0
.
7
7
0
.
5
6
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
0
.
0
0
1
6
5
8
,
1
2
2
4
,
8
8
8
6
6
,
7
6
1
9
4
6
,
4
1
3
5
1
,
5
8
1
5
2
3
,
2
1
2
7
3
3
,
1
0
1
-
3
4
6
,
8
4
3
0
7
2
,
7
4
1
3
1
,
0
9
1
4
2
1
,
2
3
7
7
5
,
4
2
0
6
5
,
3
4
9
2
3
,
0
1
5
1
0
,
6
8
7
8
7
,
2
0
1
7
9
7
,
5
1
3
0
0
3
,
0
1
1
9
6
2
,
9
3
1
2
1
8
,
3
3
2
E
D
A
E
R
E
N
A
U
D
0
.
0
0
1
0
1
6
,
9
2
1
2
0
2
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
7
.
5
3
5
.
2
4
.
5
1
8
.
1
3
.
1
5
.
6
5
0
.
0
4
.
1
6
.
9
0
.
3
2
.
8
9
.
2
5
4
.
1
5
.
2
8
.
0
9
.
0
3
.
0
4
.
6
7
.
5
0
.
0
5
.
2
4
.
9
8
2
.
0
8
.
3
5
.
3
6
.
9
1
.
1
8
.
7
1
.
0
1
7
.
2
0
.
6
9
.
5
0
.
2
3
.
0
0
.
7
0
.
0
2
5
.
0
6
.
8
1
7
.
6
1
0
.
7
9
.
3
2
5
.
5
3
.
2
4
.
4
1
5
.
2
5
.
2
1
.
4
9
.
0
6
.
0
1
9
.
0
1
3
.
0
4
5
.
3
1
0
.
4
1
5
.
8
1
E
S
A
E
L
D
N
U
O
R
G
)
5
8
0
2
(
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
5
4
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
3
3
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
0
7
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
2
7
0
2
(
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
8
4
0
2
(
8
9
9
1
7
0
0
2
8
9
9
1
4
0
0
2
5
0
0
2
6
0
0
2
7
0
0
2
4
0
0
2
0
0
0
2
0
0
0
2
9
8
9
1
7
0
0
2
0
0
0
2
4
0
0
2
7
0
0
2
7
0
0
2
5
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
9
9
9
1
5
0
0
2
6
0
0
2
3
0
0
2
9
9
9
1
4
0
0
2
0
0
0
2
0
0
0
2
7
0
0
2
0
0
0
2
9
0
0
2
4
0
0
2
3
0
0
2
9
6
9
1
2
7
9
1
5
0
0
2
8
8
9
1
9
8
9
1
7
9
9
1
6
0
0
2
5
0
0
2
5
0
0
2
0
0
0
2
7
6
9
1
4
0
0
2
5
9
9
1
5
0
0
2
0
0
0
2
8
9
9
1
1
0
0
2
8
6
9
1
3
9
9
1
6
8
9
1
)
4
(
E
U
G
A
I
P
O
C
K
C
A
M
M
O
C
)
0
1
(
T
N
O
M
L
E
T
N
O
M
L
E
K
C
A
M
M
O
C
)
5
(
E
L
A
D
G
N
M
R
A
F
I
I
G
N
H
S
U
L
F
E
R
A
U
Q
S
N
I
L
K
N
A
R
F
)
4
(
E
V
O
C
N
E
L
G
)
4
(
T
R
O
P
E
E
R
F
S
Y
A
B
N
O
T
P
M
A
H
)
4
(
D
A
E
T
S
P
M
E
H
)
5
(
I
N
A
M
R
R
A
H
E
L
L
I
V
S
K
C
H
I
E
L
L
I
V
S
T
L
O
H
N
O
T
G
N
I
T
N
U
H
I
A
C
A
M
A
J
O
H
C
R
E
J
I
O
H
C
R
E
J
I
O
H
C
R
E
J
I
)
0
1
(
N
W
O
T
T
I
V
E
L
)
4
(
M
A
H
T
A
L
N
O
T
L
E
R
U
A
L
O
H
C
R
E
J
I
K
C
E
N
E
L
T
T
I
L
T
E
S
S
A
H
N
A
M
)
4
(
I
K
C
R
R
E
M
H
T
E
P
S
A
M
)
4
(
N
W
O
T
E
L
D
D
M
I
A
L
O
E
N
M
I
)
4
(
K
R
A
P
Y
E
S
N
U
M
T
E
S
N
O
C
S
E
N
A
U
Q
E
P
A
S
S
A
M
H
T
R
O
N
E
G
A
L
L
I
V
S
N
E
E
U
Q
E
I
S
P
E
E
K
H
G
U
O
P
D
N
A
L
S
I
N
E
T
A
T
S
D
N
A
L
S
I
N
E
T
A
T
S
R
E
T
S
E
H
C
O
R
D
N
A
L
S
I
N
E
T
A
T
S
D
N
A
L
S
I
N
E
T
A
T
S
D
N
A
L
S
I
N
E
T
A
T
S
)
4
(
D
N
A
L
S
I
N
E
T
A
T
S
I
S
N
A
L
P
E
T
I
H
W
T
E
S
S
O
Y
S
S
R
E
K
N
O
Y
S
R
E
K
N
O
Y
E
D
I
S
N
A
E
C
O
W
E
I
V
N
A
L
P
I
E
T
T
O
L
R
A
H
C
E
T
T
O
L
R
A
H
C
E
T
T
O
L
R
A
H
C
)
4
(
Y
R
A
C
Y
R
A
C
Y
R
A
C
A
N
I
L
O
R
A
C
H
T
R
O
N
32
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
0
4
0
2
6
3
0
2
7
3
0
2
7
3
0
2
8
1
0
2
6
3
0
2
0
2
0
2
8
1
0
2
4
3
0
2
1
3
0
2
0
4
0
2
7
2
0
2
4
2
0
2
0
1
0
2
3
1
0
2
4
1
0
2
6
1
0
2
5
1
0
2
9
1
0
2
2
1
0
2
7
1
0
2
4
1
0
2
0
2
0
2
6
1
0
2
2
2
0
2
7
1
0
2
3
1
0
2
6
1
0
2
Y
B
A
B
Y
U
B
Y
U
B
S
L
E
A
H
C
M
I
S
E
L
P
A
T
S
T
R
A
M
N
I
E
T
S
X
X
A
M
J
T
0
2
0
2
6
2
0
2
7
3
0
2
8
3
0
2
9
3
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
6
3
0
2
4
1
0
2
T
R
A
M
Y
T
U
A
E
B
E
C
N
E
S
S
E
7
3
0
2
6
1
0
2
7
2
0
2
T
E
F
F
U
B
N
W
O
T
E
M
O
H
7
1
0
2
E
M
O
H
2
E
M
O
H
T
H
G
I
R
W
J
A
4
2
0
2
9
1
0
2
5
1
0
2
1
1
0
2
7
1
0
2
8
1
0
2
9
1
0
2
2
1
0
2
6
1
0
2
2
2
0
2
1
1
0
2
3
1
0
2
0
1
0
2
7
1
0
2
2
1
0
2
4
1
0
2
4
1
0
2
e
m
a
N
t
n
a
n
e
T
S
C
I
R
B
A
F
N
N
A
-
O
J
Y
U
B
T
S
E
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
T
R
A
M
N
I
E
T
S
N
O
I
L
D
O
O
F
E
R
A
W
D
R
A
H
E
C
A
E
E
R
T
R
A
L
L
O
D
S
T
F
A
R
C
S
N
A
T
A
C
T
A
P
L
A
R
E
N
E
G
R
A
L
L
O
D
P
O
H
S
E
L
I
T
E
H
T
S
T
O
L
G
B
I
S
’
C
R
A
M
X
X
A
M
J
T
7
2
0
2
7
1
0
2
S
S
E
N
T
I
F
E
V
I
T
C
A
N
A
B
R
U
9
1
0
2
4
1
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
4
3
0
2
4
2
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
S
U
R
S
Y
O
T
N
A
I
D
N
I
.
S
O
R
B
L
E
T
A
P
S
R
E
C
O
R
G
S
S
E
N
T
I
F
L
A
N
I
D
R
A
C
S
C
I
R
B
A
F
N
N
A
-
O
J
5
2
0
2
1
7
0
2
0
2
0
2
2
4
0
2
7
1
0
2
8
1
0
2
8
3
0
2
S
L
L
A
H
S
R
A
M
5
3
0
2
5
1
0
2
1
3
0
2
1
1
0
2
1
1
0
2
2
2
0
2
2
1
0
2
3
1
0
2
2
1
0
2
5
1
0
2
4
1
0
2
4
1
0
2
E
D
I
S
R
E
V
I
/
R
T
N
A
R
G
Y
B
B
O
L
Y
B
B
O
H
R
E
G
O
R
K
S
E
L
P
A
T
S
S
T
R
O
P
M
I
1
R
E
I
P
R
E
G
O
R
K
S
T
O
L
G
B
I
R
E
G
O
R
K
S
’
L
H
O
K
T
A
O
C
N
O
T
G
N
I
L
R
U
B
Y
R
O
T
C
A
F
S
T
O
L
G
B
I
6
2
0
2
6
1
0
2
D
N
A
T
R
A
D
E
T
I
N
U
8
2
0
2
3
1
0
2
R
E
G
O
R
K
9
2
0
2
9
3
0
2
4
2
0
2
9
1
0
2
9
1
0
2
9
1
0
2
4
1
0
2
4
1
0
2
N
O
I
T
A
C
U
D
E
R
E
T
N
E
C
R
A
T
I
U
G
7
1
0
2
E
E
R
T
R
A
L
L
O
D
X
A
M
E
C
I
F
F
O
S
V
C
6
1
0
2
5
2
0
2
7
1
0
2
2
1
0
2
1
1
0
2
5
1
0
2
3
1
0
2
2
1
0
2
T
E
F
F
U
B
G
N
O
K
G
N
O
H
S
G
U
R
D
S
C
R
A
M
S
T
O
L
G
B
I
S
’
C
R
A
M
1
2
0
2
6
3
0
2
8
2
0
2
2
2
0
2
4
2
0
2
G
G
E
R
G
H
H
5
4
0
2
3
2
0
2
3
1
0
2
Y
U
B
T
S
E
B
3
3
0
2
3
1
0
2
S
N
A
M
D
R
O
G
4
4
0
2
9
2
0
2
5
3
0
2
1
4
0
2
7
3
0
2
8
3
0
2
7
2
0
2
7
6
0
2
7
2
0
2
3
4
0
2
1
4
0
2
1
4
0
2
5
2
0
2
2
5
0
2
8
4
0
2
0
5
0
2
0
2
0
2
3
4
0
2
2
3
0
2
2
5
0
2
1
2
0
2
1
3
0
2
7
6
0
2
8
3
0
2
3
0
1
2
1
3
0
2
1
3
0
2
1
3
0
2
1
3
0
2
6
4
0
2
8
3
0
2
2
3
0
2
9
2
0
2
4
4
0
2
6
9
0
2
8
2
0
2
9
2
0
2
6
9
0
2
2
3
0
2
9
1
0
2
5
1
0
2
6
1
0
2
7
1
0
2
8
1
0
2
7
1
0
2
7
1
0
2
7
1
0
2
3
2
0
2
6
1
0
2
1
2
0
2
0
1
0
2
7
2
0
2
8
1
0
2
5
1
0
2
5
1
0
2
8
1
0
2
7
1
0
2
2
2
0
2
1
1
0
2
6
1
0
2
7
1
0
2
8
1
0
2
8
2
0
2
1
1
0
2
1
1
0
2
1
1
0
2
1
1
0
2
6
1
0
2
8
1
0
2
2
1
0
2
9
1
0
2
4
1
0
2
6
2
0
2
3
1
0
2
9
1
0
2
6
2
0
2
2
1
0
2
5
1
0
2
1
1
0
2
6
1
0
2
3
1
0
2
2
1
0
2
4
1
0
2
4
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
A
M
E
N
I
I
C
E
K
M
R
A
C
Y
U
B
T
S
E
B
&
F
L
O
G
H
T
I
M
S
F
L
O
G
S
I
N
N
E
T
T
R
A
M
K
R
E
T
E
E
T
S
I
R
R
A
H
N
O
I
L
D
O
O
F
S
R
E
H
T
O
R
B
L
E
I
R
B
A
G
E
L
G
A
E
T
N
A
I
G
E
L
G
A
E
T
N
A
I
G
R
E
G
O
R
K
T
R
A
M
K
.
O
C
Y
L
P
P
U
S
R
O
T
C
A
R
T
T
A
O
C
N
O
T
G
N
I
L
R
U
B
Y
R
O
T
C
A
F
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
Y
D
E
N
N
E
K
D
N
A
L
H
G
I
H
T
N
E
M
P
O
L
E
V
E
D
S
’
T
O
L
R
E
M
E
I
D
D
E
T
R
A
M
-
L
A
W
Y
B
B
O
L
Y
B
B
O
H
S
D
O
O
F
S
G
G
B
I
S
’
L
H
O
K
S
’
L
H
O
K
S
’
L
H
O
K
S
’
L
H
O
K
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
S
K
O
O
B
S
R
E
D
R
O
B
T
E
R
C
E
S
S
’
A
I
R
O
T
C
I
V
Y
U
B
T
S
E
B
T
E
K
R
A
M
R
E
P
U
S
S
P
O
T
S
R
E
H
T
O
R
B
L
E
I
R
B
A
G
N
A
M
R
E
E
B
R
E
D
L
E
E
L
G
A
E
T
N
A
I
G
T
E
K
R
A
M
R
E
P
U
S
S
P
O
T
S
R
E
H
T
O
R
B
L
E
I
R
B
A
G
S
R
E
H
T
O
R
B
L
E
I
R
B
A
G
T
E
L
T
U
O
F
V
T
R
A
M
-
L
A
W
X
X
A
M
J
T
S
’
L
H
O
K
0
.
9
9
0
.
6
9
0
.
4
9
0
.
5
9
0
.
9
8
0
.
6
8
0
.
0
9
0
.
7
8
0
.
0
0
1
0
.
0
0
1
0
.
6
9
0
.
6
7
0
.
6
9
0
.
8
8
0
.
3
8
0
.
0
0
1
0
.
9
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
2
9
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
0
0
1
0
.
9
9
0
.
0
0
1
0
.
6
7
0
.
8
9
0
.
4
9
0
.
0
8
0
.
5
8
0
.
8
8
0
.
0
9
0
.
7
9
0
.
7
9
0
.
4
9
0
.
7
5
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
4
7
0
.
0
0
1
0
.
5
7
0
.
0
8
0
.
9
8
0
.
8
9
D
R
O
F
T
L
O
H
L
L
I
B
0
.
0
0
1
T
R
A
M
-
L
A
W
X
X
A
M
J
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
4
8
0
.
8
9
6
8
1
,
6
1
1
2
9
2
,
8
0
4
6
2
3
,
6
2
8
5
0
,
6
8
1
8
9
7
,
5
6
1
4
7
4
,
6
6
1
0
1
7
,
9
6
2
5
4
9
,
2
6
3
0
0
8
,
9
3
0
5
,
5
9
0
9
1
,
2
3
1
6
6
8
,
5
7
3
6
3
,
8
3
1
8
8
6
,
1
0
1
7
0
3
,
0
0
1
3
2
2
,
1
7
1
5
6
0
,
8
7
9
1
4
,
2
7
1
8
5
0
,
5
2
1
1
3
7
,
3
2
2
2
4
2
,
1
2
1
7
7
2
,
8
0
3
7
1
3
,
8
8
2
4
7
,
9
8
0
0
0
,
6
1
0
0
9
,
0
1
0
6
9
,
9
0
4
9
8
0
,
1
9
1
3
4
7
,
2
4
1
8
0
0
,
9
2
1
0
5
6
,
5
3
1
1
0
2
,
9
6
2
2
6
8
,
2
1
1
1
3
1
,
3
6
1
3
5
8
,
3
1
2
4
7
3
,
6
1
1
8
6
4
,
8
1
3
0
0
5
,
6
0
1
0
1
9
,
3
0
1
7
7
5
,
5
3
2
0
0
0
,
6
2
4
3
,
4
0
1
2
6
8
,
9
9
5
0
1
,
1
2
1
0
1
1
,
2
5
2
6
1
6
,
1
4
1
2
0
7
,
0
6
1
7
7
0
,
2
2
2
0
8
1
,
8
2
1
4
2
4
,
7
5
1
S
R
O
O
D
T
U
O
&
S
T
R
O
P
S
Y
M
E
D
A
C
A
0
.
0
0
1
7
2
0
,
3
0
1
T
O
P
E
D
E
M
O
H
0
.
6
9
7
9
7
,
3
3
2
1
.
3
1
5
.
9
3
6
.
2
3
.
0
5
3
.
9
2
2
.
4
2
1
.
9
3
9
.
5
3
0
.
1
4
.
7
2
.
3
1
9
.
6
5
.
4
2
0
.
0
1
2
.
8
1
0
.
0
2
1
.
3
1
6
.
9
1
2
.
5
1
6
.
1
1
8
.
8
2
.
9
2
8
.
8
7
.
6
1
4
.
2
4
.
2
7
.
6
3
4
.
2
1
7
.
3
1
9
.
7
1
4
.
2
1
5
.
6
3
1
.
2
1
8
.
2
2
1
.
2
3
2
.
1
1
0
.
0
4
6
.
7
1
6
.
0
2
0
.
5
2
6
.
0
2
.
8
7
.
1
1
0
.
5
1
0
.
2
2
9
.
6
1
3
.
3
1
4
.
5
2
0
.
0
1
1
.
4
1
8
.
9
8
.
9
1
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
4
5
0
2
(
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
6
7
0
2
(
E
R
U
T
N
E
V
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
6
9
9
1
2
0
0
2
8
9
9
1
5
0
0
2
7
0
0
2
8
0
0
2
3
0
0
2
3
9
9
1
6
0
0
2
3
0
0
2
9
6
9
1
5
7
9
1
8
8
9
1
2
7
9
1
6
8
9
1
5
7
9
1
7
9
9
1
2
7
9
1
8
8
9
1
8
8
9
1
8
8
9
1
8
8
9
1
0
0
0
2
9
9
9
1
5
0
0
2
5
0
0
2
0
0
0
2
8
8
9
1
8
8
9
1
8
8
9
1
8
8
9
1
2
0
0
2
8
9
9
1
9
6
9
1
4
8
9
1
8
8
9
1
9
9
9
1
5
9
9
1
7
8
9
1
8
8
9
1
9
9
9
1
8
8
9
1
8
8
9
1
7
7
9
1
0
0
0
2
8
8
9
1
9
6
9
1
3
9
9
1
5
9
9
1
8
8
9
1
7
9
9
1
8
9
9
1
)
0
1
(
N
I
L
K
N
A
R
F
E
L
A
D
T
H
G
N
K
I
E
L
L
I
V
S
E
R
O
O
M
E
L
L
I
V
S
I
R
R
O
M
)
8
(
E
L
L
I
V
E
N
I
P
H
G
I
E
L
A
R
)
4
(
M
A
H
R
U
D
M
A
H
R
U
D
M
E
L
A
S
-
N
O
T
S
N
W
I
H
G
I
E
L
A
R
H
G
I
E
L
A
R
O
I
H
O
K
E
E
R
C
R
E
V
A
E
B
N
O
T
R
E
B
R
A
B
I
K
C
W
S
N
U
R
B
I
E
G
D
R
B
M
A
C
N
O
T
N
A
C
E
L
L
I
V
R
E
T
N
E
C
N
O
R
K
A
N
O
R
K
A
I
T
A
N
N
C
N
C
I
I
I
T
A
N
N
C
N
C
I
I
I
T
A
N
N
C
N
C
I
I
I
T
A
N
N
C
N
C
I
I
I
T
A
N
N
C
N
C
I
I
I
T
A
N
N
C
N
C
I
I
33
I
T
A
N
N
C
N
C
I
I
S
U
B
M
U
L
O
C
S
U
B
M
U
L
O
C
S
U
B
M
U
L
O
C
S
U
B
M
U
L
O
C
)
4
(
S
U
B
M
U
L
O
C
)
4
(
S
U
B
M
U
L
O
C
N
O
T
Y
A
D
N
O
T
Y
A
D
N
O
T
Y
A
D
)
4
(
S
T
H
G
I
E
H
R
E
B
U
H
R
O
T
N
E
M
R
O
T
N
E
M
T
N
E
K
S
T
H
G
I
E
H
G
R
U
B
E
L
D
D
M
I
G
R
U
B
S
I
M
A
M
I
D
A
E
T
S
M
L
O
H
T
R
O
N
)
0
1
(
E
L
L
I
V
N
O
R
A
H
S
N
O
T
G
N
I
L
R
A
R
E
P
P
U
)
4
(
E
L
A
D
G
N
R
P
S
I
D
O
O
W
T
O
R
T
E
L
L
I
V
R
E
T
S
E
W
E
F
F
I
L
K
C
W
I
S
L
L
I
H
Y
B
H
G
U
O
L
L
I
W
Y
T
I
C
A
M
O
H
A
L
K
O
Y
T
I
C
A
M
O
H
A
L
K
O
A
M
O
H
A
L
K
O
)
4
(
I
T
A
N
N
C
N
C
I
I
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
4
2
0
2
0
3
0
2
7
1
0
2
4
4
0
2
2
3
0
2
6
2
0
2
8
1
0
2
9
1
0
2
5
1
0
2
0
1
0
2
2
1
0
2
8
1
0
2
4
1
0
2
7
1
0
2
5
1
0
2
3
1
0
2
E
R
A
W
D
R
A
H
E
C
A
Y
B
N
A
C
Y
V
A
N
D
L
O
S
T
O
L
G
B
I
4
4
0
2
8
1
0
2
7
1
0
2
G
N
I
S
A
E
L
&
S
E
L
A
S
S
’
N
O
R
A
A
3
2
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
8
2
0
2
S
S
E
N
T
I
F
R
U
O
H
4
2
S
C
I
R
B
A
F
N
N
A
-
O
J
S
’
E
O
J
R
E
D
A
R
T
D
I
A
E
T
I
R
0
4
0
2
7
3
0
2
3
1
0
2
4
1
0
2
3
1
0
2
2
1
0
2
3
1
0
2
3
1
0
2
0
1
0
2
7
1
0
2
5
1
0
2
K
C
A
R
M
O
R
T
S
D
R
O
N
T
O
P
E
D
E
C
I
F
F
O
D
I
A
E
T
I
R
E
E
R
T
R
A
L
L
O
D
T
R
A
M
S
T
E
P
S
E
L
P
A
T
S
D
I
A
E
T
I
R
N
W
O
T
L
E
S
N
I
T
D
I
A
E
T
I
R
7
3
0
2
7
1
0
2
S
L
E
A
H
C
M
I
7
1
0
2
2
1
0
2
E
E
R
T
R
A
L
L
O
D
3
3
0
2
7
6
0
2
6
1
0
2
8
6
0
2
9
2
0
2
0
1
0
2
3
1
0
2
7
2
0
2
1
1
0
2
8
1
0
2
9
1
0
2
2
1
0
2
0
1
0
2
E
P
P
O
H
S
S
T
I
R
I
P
S
&
E
N
W
I
D
O
O
F
T
N
A
I
G
S
C
I
R
B
A
F
N
N
A
-
O
J
S
T
E
K
R
A
M
S
I
E
W
T
O
P
E
D
E
M
O
H
E
E
R
T
R
A
L
L
O
D
C
I
L
B
U
P
E
R
A
N
A
N
A
B
S
D
O
O
G
E
M
O
H
1
2
0
2
2
1
0
2
Z
T
E
P
R
E
P
U
S
2
3
0
2
2
2
0
2
E
R
U
T
A
N
G
I
S
N
A
C
I
R
E
M
A
0
2
0
2
5
1
0
2
S
L
E
A
H
C
M
I
9
2
0
2
1
4
0
2
4
1
0
2
1
2
0
2
S
L
E
A
H
C
M
I
T
R
A
M
S
T
E
P
4
3
0
2
0
3
0
2
0
2
0
2
6
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
8
3
0
2
8
2
0
2
S
Y
O
B
P
E
P
7
4
0
2
2
5
0
2
2
2
0
2
2
1
0
2
K
R
A
M
H
T
A
P
S
U
R
S
Y
O
T
0
4
0
2
5
1
0
2
T
R
A
M
S
T
E
P
0
3
0
2
5
1
0
2
S
E
L
P
A
T
S
0
3
0
2
3
5
0
2
3
8
0
2
4
3
0
2
3
3
0
2
8
1
0
2
7
8
0
2
4
4
0
2
5
4
0
2
4
4
0
2
7
4
0
2
3
4
0
2
1
3
0
2
2
3
0
2
6
3
0
2
6
4
0
2
8
5
0
2
0
4
0
2
8
6
0
2
6
2
0
2
7
3
0
2
2
2
0
2
2
2
0
2
5
4
0
2
6
3
0
2
6
4
0
2
0
2
0
2
6
2
0
2
8
2
0
2
6
3
0
2
2
5
0
2
4
3
0
2
0
5
0
2
3
3
0
2
6
3
0
2
5
3
0
2
0
5
0
2
0
8
0
2
7
3
0
2
9
3
0
2
9
5
0
2
8
1
0
2
0
2
0
2
8
5
0
2
2
5
0
2
6
1
0
2
3
1
0
2
3
2
0
2
4
1
0
2
0
2
0
2
3
1
0
2
7
3
0
2
4
1
0
2
0
1
0
2
4
1
0
2
3
1
0
2
7
1
0
2
3
1
0
2
1
2
0
2
2
1
0
2
6
1
0
2
6
1
0
2
8
2
0
2
0
4
0
2
8
1
0
2
1
1
0
2
2
2
0
2
2
1
0
2
7
1
0
2
5
1
0
2
6
1
0
2
6
2
0
2
0
2
0
2
6
1
0
2
3
1
0
2
6
1
0
2
2
2
0
2
2
1
0
2
9
1
0
2
0
2
0
2
6
1
0
2
6
1
0
2
0
1
0
2
5
1
0
2
0
3
0
2
2
1
0
2
9
1
0
2
4
3
0
2
3
1
0
2
0
1
0
2
8
1
0
2
2
3
0
2
S
T
E
K
R
A
M
S
T
A
O
D
L
I
W
C
I
T
E
L
H
T
A
E
D
A
C
S
A
C
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
B
U
L
C
L
L
U
M
U
T
A
W
A
N
O
R
D
A
M
T
E
L
T
U
O
Y
R
E
C
O
R
G
D
I
A
E
T
I
R
Y
A
W
E
F
A
S
S
N
O
S
T
R
E
B
L
A
Y
A
W
E
F
A
S
Y
A
W
E
F
A
S
S
R
A
E
S
Y
A
W
T
F
I
R
H
T
S
B
M
A
L
Y
A
W
E
F
A
S
Y
A
W
E
F
A
S
D
O
O
F
T
N
A
I
G
S
’
L
H
O
K
D
O
O
F
T
N
A
I
G
S
’
Y
C
A
M
S
’
L
H
O
K
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
0
0
1
0
.
8
7
0
.
0
9
0
.
8
9
0
.
7
9
0
.
4
4
0
.
1
9
0
.
1
9
0
.
5
8
0
.
4
8
0
.
4
9
0
.
4
9
0
.
4
9
0
.
0
6
0
.
8
9
0
.
0
0
1
0
.
0
0
1
0
.
8
8
0
.
2
9
0
.
2
9
L
A
T
I
P
S
O
H
Y
C
R
E
M
S
T
E
K
R
A
M
E
M
C
A
S
’
L
H
O
K
S
’
I
D
R
A
U
N
E
G
E
T
I
R
P
O
H
S
T
R
A
M
K
H
T
L
A
E
H
Y
E
L
L
A
V
H
G
I
H
E
L
N
I
A
T
N
U
O
M
R
E
D
N
A
G
D
I
A
E
T
I
R
X
X
A
M
J
T
D
O
O
F
T
N
A
I
G
S
’
L
H
O
K
S
’
L
H
O
K
D
O
O
F
T
N
A
I
G
T
R
A
M
S
T
E
P
E
L
G
A
E
T
N
A
I
G
S
’
L
H
O
K
T
R
A
M
K
O
T
U
A
T
S
A
E
H
T
R
O
N
Y
E
N
N
E
P
C
J
T
E
L
T
U
O
T
E
G
R
A
T
S
R
A
E
S
S
V
C
H
S
E
R
F
R
E
P
U
S
D
R
E
K
C
E
X
X
A
M
J
T
0
.
5
3
0
.
4
7
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
3
1
0
.
7
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
9
0
.
8
8
0
.
0
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
8
9
0
.
8
8
0
.
5
9
0
.
0
0
1
0
.
0
0
1
0
.
0
7
0
.
7
7
0
.
6
9
T
R
A
M
-
L
A
W
0
.
0
0
1
T
R
A
M
K
0
.
0
0
1
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
0
0
7
,
2
2
1
9
8
,
9
0
1
1
0
7
,
5
1
1
2
7
6
,
6
3
2
6
7
2
,
8
0
2
3
8
5
,
7
0
1
5
6
7
,
4
6
2
4
5
9
,
0
6
2
2
9
9
,
0
1
2
3
4
0
,
5
3
3
9
5
8
,
5
8
1
3
7
6
,
5
1
1
7
2
0
,
6
9
7
3
1
,
0
9
3
5
5
,
0
2
3
1
1
2
,
0
2
1
0
0
3
,
6
9
8
2
,
0
9
1
1
4
,
1
7
2
3
2
6
,
1
3
1
6
0
2
,
5
1
2
5
8
3
,
0
0
1
4
9
7
,
1
3
1
8
1
2
,
8
6
1
1
1
5
,
6
3
5
8
6
,
0
6
4
8
1
,
5
8
4
1
0
,
6
2
5
7
5
,
6
8
4
8
5
,
4
1
0
0
0
,
0
5
0
0
4
,
5
1
7
1
9
,
5
7
1
8
3
9
,
0
8
6
0
2
,
5
7
0
7
4
,
4
8
0
0
2
,
3
4
1
5
6
5
,
7
5
2
7
3
4
,
2
0
5
9
,
8
0
1
5
4
3
,
2
8
9
0
3
,
3
3
1
3
4
3
,
9
3
0
3
,
5
7
3
8
5
,
2
3
3
4
4
4
,
3
1
2
9
0
3
,
4
9
2
7
3
1
,
9
1
7
2
9
,
7
6
4
7
9
2
,
8
1
1
6
8
7
,
6
6
1
2
3
4
,
7
0
1
8
8
2
,
9
6
8
.
3
3
.
3
1
1
.
9
7
.
3
2
8
.
9
1
7
.
0
6
.
5
2
0
.
0
2
0
.
0
2
1
.
0
3
3
.
6
1
6
.
0
1
7
.
8
8
.
9
8
.
8
1
7
.
7
1
0
.
3
2
.
2
1
3
.
7
3
9
.
2
1
4
.
2
2
2
.
5
1
5
.
2
1
3
.
5
1
4
.
3
1
.
6
8
.
9
0
.
0
1
6
.
4
4
.
2
0
.
5
0
.
3
0
.
9
3
.
8
4
.
1
0
.
7
1
7
.
3
1
0
.
5
4
4
.
4
1
5
.
2
1
3
.
6
8
.
6
4
.
0
2
.
5
1
6
.
2
2
1
.
8
0
.
8
1
0
.
3
8
.
6
4
3
.
9
1
0
.
7
3
5
.
4
1
0
.
0
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
1
4
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
7
3
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
0
1
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
5
9
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
2
5
0
2
(
6
0
0
2
6
0
0
2
9
0
0
2
7
0
0
2
9
0
0
2
9
0
0
2
6
0
0
2
6
0
0
2
8
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
9
0
0
2
9
0
0
2
7
0
0
2
6
9
9
1
5
0
0
2
5
0
0
2
6
0
0
2
8
0
0
2
0
0
0
2
8
0
0
2
4
8
9
1
3
7
9
1
7
9
9
1
9
9
9
1
6
9
9
1
5
0
0
2
6
9
9
1
6
8
9
1
2
0
0
2
0
0
0
2
2
7
9
1
6
9
9
1
5
0
0
2
6
9
9
1
5
0
0
2
2
0
0
2
6
9
9
1
6
8
9
1
6
9
9
1
6
9
9
1
5
0
0
2
8
9
9
1
5
9
9
1
3
8
9
1
6
0
0
2
5
0
0
2
4
0
0
2
7
0
0
2
7
0
0
2
6
8
9
1
9
9
9
1
)
3
(
S
A
M
A
K
C
A
L
C
Y
B
N
A
C
M
A
H
S
E
R
G
M
A
H
S
E
R
G
)
3
(
O
R
O
B
S
L
L
I
H
)
3
(
O
R
O
B
S
L
L
I
H
)
3
(
D
R
O
F
D
E
M
)
3
(
E
I
K
U
A
W
L
I
M
)
3
(
M
A
H
S
E
R
G
)
0
1
(
Y
N
A
B
L
A
)
3
(
Y
N
A
B
L
A
N
O
G
E
R
O
N
E
V
A
H
K
O
O
R
B
)
5
(
E
L
S
I
L
R
A
C
E
R
O
M
D
R
A
L
L
E
B
E
U
L
B
G
R
U
B
S
R
E
B
M
A
H
C
G
R
U
B
S
R
E
B
M
A
H
C
E
L
L
I
V
E
L
G
A
E
A
W
E
P
P
I
H
C
)
3
(
D
N
A
L
T
R
O
P
D
L
E
I
F
G
N
R
P
S
I
E
L
A
D
T
U
O
R
T
A
I
N
A
V
L
Y
S
N
N
E
P
G
R
U
B
S
D
U
O
R
T
S
T
S
A
E
N
O
T
I
R
R
O
N
T
S
A
E
34
)
0
1
(
G
R
U
B
S
N
E
E
R
G
E
L
L
I
V
R
E
T
S
A
E
F
G
R
U
B
S
Y
T
T
E
G
G
R
U
B
S
I
R
R
A
H
N
W
O
T
R
E
V
A
H
)
5
(
M
A
H
S
R
O
H
E
L
A
D
S
D
N
A
L
G
R
U
B
M
A
H
)
5
(
E
L
L
I
V
E
O
R
N
O
M
)
4
(
Y
R
E
M
O
G
T
N
O
M
E
L
L
I
V
S
I
R
R
O
M
N
O
T
G
N
I
S
N
E
K
W
E
N
I
A
H
P
L
E
D
A
L
I
H
P
I
A
H
P
L
E
D
A
L
I
H
P
)
0
1
(
I
A
H
P
L
E
D
A
L
I
H
P
I
A
H
P
L
E
D
A
L
I
H
P
I
K
C
W
T
S
A
E
N
O
T
X
E
N
O
T
X
E
N
O
T
X
E
)
2
1
(
)
0
1
(
I
A
H
P
L
E
D
A
L
I
H
P
)
0
1
(
I
A
H
P
L
E
D
A
L
I
H
P
)
0
1
(
I
A
H
P
L
E
D
A
L
I
H
P
I
A
H
P
L
E
D
A
L
I
H
P
H
G
R
U
B
S
T
T
I
P
)
3
(
H
G
R
U
B
S
T
T
I
P
)
8
(
H
G
R
U
B
S
T
T
I
P
)
2
1
(
O
R
O
B
H
C
R
I
P
I
H
S
N
W
O
T
T
T
O
C
S
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
1
1
0
2
3
2
0
2
0
5
0
2
5
4
0
2
8
3
0
2
1
2
0
2
1
1
0
2
0
1
0
2
3
1
0
2
0
2
0
2
5
1
0
2
8
2
0
2
1
1
0
2
5
1
0
2
E
L
B
O
N
&
S
E
N
R
A
B
C
I
R
T
C
E
L
E
E
L
A
Y
7
1
0
2
E
S
E
E
H
C
E
K
C
U
H
C
L
A
N
O
I
T
A
N
R
E
T
N
I
Y
E
N
N
E
P
C
J
O
L
B
E
U
P
A
M
E
N
I
C
N
A
E
B
B
I
R
A
C
L
A
D
I
R
B
S
’
D
I
V
A
D
0
3
0
2
6
4
0
2
6
4
0
2
9
6
0
2
6
4
0
2
2
1
0
2
2
1
0
2
5
1
0
2
6
2
0
2
6
2
0
2
9
1
0
2
6
2
0
2
S
T
R
A
P
O
T
U
A
E
C
N
A
V
D
A
S
C
I
R
B
A
F
N
N
A
-
O
J
X
A
M
E
C
I
F
F
O
O
C
T
S
O
C
T
O
P
E
D
E
M
O
H
S
O
D
A
C
R
E
M
R
E
P
U
S
I
O
M
X
A
M
B
U
L
C
S
’
M
A
S
3
3
0
2
3
1
0
2
S
E
L
P
A
T
S
3
5
0
2
0
7
0
2
6
2
0
2
2
3
0
2
6
3
0
2
9
2
0
2
7
1
0
2
7
4
0
2
0
7
0
2
9
6
0
2
6
4
0
2
2
5
0
2
L
A
M
A
L
E
S
A
I
C
A
M
R
A
F
4
2
0
2
4
1
0
2
T
E
K
R
A
M
R
E
P
U
S
O
L
B
E
U
P
4
5
0
2
8
2
0
2
3
1
0
2
E
E
R
T
R
A
L
L
O
D
1
2
0
2
1
1
0
2
S
L
L
A
H
S
R
A
M
8
2
0
2
2
7
0
2
9
2
0
2
9
2
0
2
2
3
0
2
0
2
0
2
9
1
0
2
6
1
0
2
8
2
0
2
5
3
0
2
2
3
0
2
0
2
0
2
3
2
0
2
1
1
0
2
9
1
0
2
9
1
0
2
2
1
0
2
3
1
0
2
5
1
0
2
1
1
0
2
1
1
0
2
3
1
0
2
5
1
0
2
2
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
L
L
A
H
S
R
A
M
E
N
I
R
A
M
T
S
E
W
L
L
I
R
G
I
H
C
A
B
I
H
S
L
L
A
H
S
R
A
M
Y
V
A
N
D
L
O
X
X
A
M
J
T
6
1
0
2
6
1
0
2
5
3
0
2
5
2
0
2
9
2
0
2
7
3
0
2
9
3
0
2
9
1
0
2
9
2
0
2
4
4
0
2
T
E
F
F
U
B
Y
R
T
N
U
O
C
D
L
O
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
2
2
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
T
R
A
M
S
T
E
P
5
5
0
2
2
3
0
2
1
1
0
2
1
1
0
2
0
1
0
2
0
1
0
2
4
1
0
2
8
1
0
2
4
1
0
2
4
1
0
2
4
1
0
2
9
1
0
2
2
1
0
2
2
1
0
2
5
2
0
2
2
1
0
2
3
1
0
2
1
1
0
2
0
2
0
2
0
1
0
2
2
1
0
2
7
1
0
2
T
E
L
T
U
O
S
’
E
K
R
U
B
X
X
A
M
J
T
S
L
E
A
H
C
M
I
T
R
A
M
-
L
A
W
H
S
A
M
A
S
Y
U
B
T
S
E
B
S
U
R
S
D
I
K
T
E
L
T
U
O
Y
R
O
T
C
A
F
K
A
O
E
R
U
T
I
N
R
U
F
Y
E
L
H
S
A
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
’
L
H
O
K
L
A
N
O
I
T
A
N
S
R
E
K
O
R
B
E
F
I
L
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
L
E
A
H
C
M
I
T
E
K
R
A
M
D
L
R
O
W
S
C
I
R
B
A
F
N
N
A
-
O
J
Y
B
A
B
Y
U
B
Y
U
B
2
2
0
2
6
7
0
2
3
3
0
2
0
2
0
2
3
2
0
2
4
2
0
2
2
3
0
2
5
2
0
2
2
4
0
2
7
2
0
2
8
1
0
2
8
2
0
2
9
2
0
2
6
4
0
2
9
6
0
2
7
3
0
2
8
1
0
2
6
2
0
2
8
4
0
2
7
2
0
2
0
4
0
2
7
1
0
2
9
2
0
2
6
3
0
2
6
4
0
2
6
4
0
2
0
3
0
2
S
E
L
P
A
T
S
T
O
P
E
D
E
C
I
F
F
O
T
R
A
M
N
I
E
T
S
9
5
0
2
1
4
0
2
6
1
0
2
T
R
A
M
S
T
E
P
5
1
0
2
3
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
M
R
I
F
S
S
E
R
T
T
A
M
6
2
0
2
0
4
0
2
2
3
0
2
2
3
0
2
3
3
0
2
8
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
0
3
0
2
1
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
3
2
0
2
0
3
0
2
6
1
0
2
2
1
0
2
6
1
0
2
4
1
0
2
4
1
0
2
2
1
0
2
7
2
0
2
9
1
0
2
9
1
0
2
1
1
0
2
6
2
0
2
2
3
0
2
4
1
0
2
3
1
0
2
2
2
0
2
4
1
0
2
9
2
0
2
1
1
0
2
2
1
0
2
1
2
0
2
3
1
0
2
4
1
0
2
0
1
0
2
3
1
0
2
4
1
0
2
7
1
0
2
0
1
0
2
7
1
0
2
2
1
0
2
3
1
0
2
8
1
0
2
4
1
0
2
6
2
0
2
9
1
0
2
2
1
0
2
3
1
0
2
1
1
0
2
8
1
0
2
2
1
0
2
0
2
0
2
2
1
0
2
9
1
0
2
6
1
0
2
6
2
0
2
6
2
0
2
6
1
0
2
L
O
O
H
C
S
A
J
P
E
H
T
D
O
O
F
T
N
A
I
G
D
O
O
F
T
N
A
I
G
S
T
O
L
G
B
I
S
’
L
H
O
K
D
O
O
F
T
N
A
I
G
T
O
L
-
A
-
E
V
A
S
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
7
9
0
.
4
8
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
9
0
.
5
9
T
E
K
R
A
M
R
E
P
U
S
O
G
M
A
I
B
U
L
C
S
’
M
A
S
T
R
A
M
K
T
E
K
R
A
M
R
E
P
U
S
E
D
N
A
R
G
.
P
R
O
C
A
M
E
N
I
C
0
0
0
2
T
O
P
E
D
E
M
O
H
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
5
9
0
.
0
0
1
0
.
6
8
D
O
O
F
T
N
A
I
G
0
.
0
0
1
6
0
7
,
4
9
2
3
7
,
5
6
1
2
0
1
,
8
2
9
7
2
,
4
8
4
2
5
,
4
8
8
1
4
,
1
5
1
4
4
2
,
8
5
0
0
5
,
5
3
4
3
4
,
6
8
1
0
3
7
,
4
7
5
0
1
6
,
0
7
5
0
4
6
,
9
6
0
3
8
,
4
5
3
1
0
7
,
2
9
1
R
E
T
E
E
T
S
I
R
R
A
H
X
X
A
M
J
T
S
U
R
S
E
I
B
A
B
S
K
C
I
R
M
A
H
S
T
E
K
R
A
M
S
E
L
G
N
I
0
.
7
9
0
.
9
7
0
.
5
9
0
.
0
6
0
.
2
8
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
0
.
0
0
1
0
4
7
,
6
8
1
8
2
9
,
1
8
1
2
2
9
,
3
1
1
2
3
5
,
8
4
1
8
2
9
,
5
9
2
8
8
5
,
6
6
2
T
O
L
-
A
-
E
V
A
S
0
.
5
6
8
8
5
,
0
5
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
Y
R
E
T
T
O
P
E
M
I
T
D
L
O
S
C
I
R
B
A
F
N
N
A
-
O
J
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
U
R
S
Y
O
T
Y
R
E
T
T
O
P
E
M
I
T
D
L
O
S
D
O
O
G
E
M
O
H
S
D
N
E
R
T
N
S
E
E
R
T
G
G
E
R
G
H
H
Y
U
B
T
S
E
B
0
.
0
0
1
0
.
9
9
0
.
1
9
0
.
0
7
0
.
0
0
1
0
.
0
6
0
.
0
0
1
0
.
9
7
0
.
3
9
0
.
3
8
0
.
7
5
E
M
E
R
C
A
L
E
D
E
M
E
R
C
0
.
0
0
1
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
T
O
P
E
D
E
M
O
H
Y
B
B
O
L
Y
B
B
O
H
Y
R
E
C
O
R
G
B
E
H
S
C
I
N
O
R
T
C
E
L
E
S
’
Y
R
F
S
U
R
S
E
I
B
A
B
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
Y
B
B
O
L
Y
B
B
O
H
S
E
V
I
T
I
M
R
P
I
X
X
A
M
J
T
E
M
E
R
C
A
L
E
D
E
M
E
R
C
E
M
E
R
C
A
L
E
D
E
M
E
R
C
Y
U
B
T
S
E
B
0
.
8
8
0
.
4
9
0
.
0
0
1
0
.
5
9
0
.
0
0
1
0
.
5
4
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
3
5
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
0
0
,
0
5
3
9
5
,
5
7
1
8
1
3
,
0
4
2
1
0
4
,
9
8
1
2
6
9
,
7
8
3
4
2
,
7
6
1
0
0
0
,
0
4
3
7
3
,
5
5
2
1
0
,
9
0
1
8
7
0
,
2
7
1
9
0
9
,
9
9
2
6
1
,
1
2
5
7
8
,
3
4
3
7
4
6
,
2
4
1
7
2
1
,
6
9
2
5
8
,
7
5
1
8
2
0
,
8
0
1
0
6
7
,
1
9
1
3
5
8
,
3
1
2
1
9
7
,
5
4
3
2
6
,
8
9
0
0
0
,
6
2
2
8
8
1
,
0
2
5
2
4
,
0
2
4
5
4
,
5
2
1
S
E
R
O
T
S
S
’
B
O
B
P
O
H
S
&
P
O
T
S
0
.
3
9
0
.
5
9
7
0
9
,
9
2
1
5
3
7
,
1
7
T
R
A
M
K
0
.
0
0
1
3
1
5
,
9
9
1
2
.
1
2
7
.
9
1
3
.
6
1
3
.
8
0
.
6
1
.
5
1
7
.
3
1
3
.
3
5
.
6
1
8
.
9
1
2
.
8
2
7
.
6
3
.
9
3
1
.
2
1
5
.
9
1
0
.
1
1
0
.
7
1
2
.
7
1
6
.
7
1
0
.
1
2
4
.
0
2
8
.
1
3
2
.
7
2
6
.
7
0
.
5
5
.
4
1
4
.
5
2
1
.
1
2
8
.
8
7
.
4
1
9
.
3
5
.
5
2
.
0
1
9
.
6
1
3
.
9
1
.
2
3
.
9
6
.
0
1
0
.
8
4
.
5
1
8
.
0
1
2
.
8
1
4
.
1
2
6
.
4
7
.
8
7
.
8
3
0
.
2
0
.
2
5
.
2
1
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
1
8
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
4
5
0
2
(
E
E
F
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
2
2
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
4
7
0
2
(
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
9
3
0
2
(
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
)
5
6
0
2
(
4
0
0
2
3
8
9
1
6
9
9
1
6
8
9
1
6
9
9
1
5
0
0
2
6
8
9
1
6
8
9
1
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
5
9
9
1
6
0
0
2
6
0
0
2
8
9
9
1
3
0
0
2
5
9
9
1
8
7
9
1
7
9
9
1
7
9
9
1
9
0
0
2
7
9
9
1
3
7
9
1
2
0
0
2
8
7
9
1
4
0
0
2
9
9
9
1
0
0
0
2
1
9
9
1
1
0
0
2
7
0
0
2
8
9
9
1
8
9
9
1
9
9
9
1
6
0
0
2
7
9
9
1
3
0
0
2
7
9
9
1
8
9
9
1
3
0
0
2
8
9
9
1
7
0
0
2
7
0
0
2
6
9
9
1
5
0
0
2
6
0
0
2
6
0
0
2
7
9
9
1
)
8
(
Y
R
U
B
S
W
E
R
H
S
)
2
1
(
D
L
E
I
F
G
N
R
P
S
I
Y
B
R
A
D
R
E
P
P
U
N
I
L
F
F
I
M
T
S
E
W
L
L
A
H
E
T
I
H
W
)
0
1
(
L
L
A
H
E
T
I
H
W
N
O
M
A
Y
A
B
S
A
U
G
A
C
A
N
I
L
O
R
A
C
Z
E
U
G
A
Y
A
M
I
T
A
N
A
M
E
C
N
O
P
K
R
O
Y
K
R
O
Y
O
C
I
R
O
T
R
E
U
P
O
T
L
A
O
L
L
I
J
U
R
T
)
0
1
(
E
C
N
E
D
V
O
R
P
I
N
O
T
S
N
A
R
C
D
N
A
L
S
I
E
D
O
H
R
)
2
1
(
N
O
T
S
E
L
R
A
H
C
N
O
T
S
E
L
R
A
H
C
E
L
L
I
V
N
E
E
R
G
E
L
L
I
V
N
E
E
R
G
E
C
N
E
R
O
L
F
A
N
I
L
O
R
A
C
H
T
U
O
S
N
O
T
S
E
L
R
A
H
C
H
T
R
O
N
A
G
O
O
N
A
T
T
A
H
C
E
E
S
S
E
N
N
E
T
)
0
1
(
A
G
O
O
N
A
T
T
A
H
C
N
O
S
I
D
A
M
)
4
(
N
O
S
I
D
A
M
N
O
S
I
D
A
M
)
4
(
S
I
H
P
M
E
M
)
3
(
S
I
H
P
M
E
M
E
L
L
I
V
H
S
A
N
E
L
L
I
V
H
S
A
N
S
I
H
P
M
E
M
S
I
H
P
M
E
M
)
4
(
E
L
L
I
V
H
S
A
N
)
0
1
(
N
E
L
L
S A
A
X
E
T
)
4
(
O
L
L
I
R
A
M
A
)
4
(
O
L
L
I
R
A
M
A
N
O
T
G
N
I
L
R
A
N
I
T
S
U
A
)
2
1
(
)
3
(
N
I
T
S
U
A
)
0
1
(
N
I
T
S
U
A
)
4
(
N
I
T
S
U
A
)
3
(
N
I
T
S
U
A
N
W
O
T
Y
A
B
)
0
1
(
E
L
L
I
V
Y
E
L
L
O
C
E
L
L
I
V
S
N
W
O
R
B
I
T
S
I
R
H
C
S
U
P
R
O
C
)
0
1
(
L
L
E
P
P
O
C
35
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
s
e
s
a
e
L
r
o
j
a
M
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
2
3
0
2
2
1
0
2
S
T
O
L
G
B
I
1
4
0
2
3
4
0
2
7
3
0
2
4
3
0
2
4
3
0
2
1
4
0
2
5
2
0
2
5
2
0
2
6
2
0
2
7
3
0
2
4
2
0
2
7
2
0
2
6
2
0
2
5
1
0
2
1
2
0
2
3
2
0
2
7
1
0
2
9
1
0
2
4
1
0
2
6
1
0
2
5
1
0
2
9
1
0
2
0
1
0
2
0
1
0
2
7
1
0
2
4
1
0
2
2
1
0
2
1
1
0
2
0
1
0
2
S
R
E
M
R
A
F
S
T
U
O
R
P
S
T
O
P
E
D
E
C
I
F
F
O
S
L
L
A
H
S
R
A
M
T
R
A
M
S
T
E
P
T
E
K
R
A
M
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
X
A
M
E
C
I
F
F
O
E
M
O
H
L
L
I
H
Y
O
R
B
S
N
O
I
T
C
E
L
L
O
C
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
6
3
0
2
S
L
L
A
H
S
R
A
M
S
L
E
A
H
C
M
I
E
R
U
T
I
N
R
U
F
L
E
B
S
L
L
A
H
S
R
A
M
9
2
0
2
2
3
0
2
2
2
0
2
7
3
0
2
1
2
0
2
D
N
A
L
T
E
P
8
2
0
2
S
L
E
A
H
C
M
I
9
2
0
2
T
R
A
M
S
T
E
P
7
1
0
2
4
2
0
2
4
2
0
2
2
4
0
2
8
3
0
2
9
3
0
2
9
2
0
2
2
3
0
2
6
3
0
2
8
1
0
2
3
3
0
2
4
1
0
2
4
1
0
2
7
1
0
2
3
2
0
2
9
1
0
2
4
1
0
2
2
1
0
2
6
1
0
2
3
1
0
2
8
1
0
2
8
1
0
2
4
1
0
2
2
1
0
2
6
1
0
2
4
1
0
2
2
1
0
2
2
1
0
2
2
1
0
2
1
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
E
R
E
H
P
S
I
M
E
H
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
E
L
B
O
N
&
S
E
N
R
A
B
X
A
M
E
C
I
F
F
O
3
A
T
L
U
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
T
E
L
T
U
O
N
O
I
H
S
A
F
6
$
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
7
1
0
2
4
5
0
2
4
5
0
2
5
3
0
2
8
4
0
2
7
4
0
2
5
3
0
2
2
2
0
2
4
3
0
2
6
2
0
2
5
3
0
2
0
2
0
2
7
2
0
2
E
S
U
O
H
E
R
A
W
E
O
H
S
W
S
D
4
2
0
2
E
R
U
T
I
N
R
U
F
Y
E
L
H
S
A
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
X
A
M
E
C
I
F
F
O
X
X
A
M
J
T
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
D
N
U
O
H
&
X
O
F
X
A
M
E
C
I
F
F
O
0
4
0
2
7
3
0
2
4
2
0
2
4
6
0
2
9
2
0
2
0
3
0
2
7
2
0
2
7
5
0
2
6
2
0
2
6
3
0
2
7
2
0
2
3
7
0
2
1
4
0
2
1
2
0
2
S
V
C
0
5
0
2
2
2
0
2
2
1
0
2
4
2
0
2
4
2
0
2
5
1
0
2
8
2
0
2
2
2
0
2
5
1
0
2
7
1
0
2
4
1
0
2
1
1
0
2
5
1
0
2
2
1
0
2
2
1
0
2
9
1
0
2
5
1
0
2
2
1
0
2
4
1
0
2
4
1
0
2
4
2
0
2
5
1
0
2
2
1
0
2
7
2
0
2
1
1
0
2
1
2
0
2
7
1
0
2
3
3
0
2
1
1
0
2
4
1
0
2
0
2
0
2
e
m
a
N
t
n
a
n
e
T
S
E
N
A
L
W
O
B
N
W
O
T
G
B
I
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
.
C
N
I
,
Y
C
A
M
R
A
H
P
S
V
C
O
P
X
E
T
O
P
E
D
E
M
O
H
/
Y
B
B
O
L
Y
B
B
O
H
S
L
E
D
R
A
M
S
L
L
A
H
S
R
A
M
S
S
E
N
T
I
F
R
U
O
H
4
2
L
A
Y
O
R
S
I
A
L
A
P
Y
U
B
T
S
E
B
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
0
0
1
0
.
0
0
1
0
.
5
8
0
.
0
0
1
0
.
5
9
0
.
0
9
0
.
8
9
0
.
8
7
0
.
1
5
T
A
O
C
N
O
T
G
N
I
L
R
U
B
0
.
0
0
1
T
E
L
T
U
O
S
T
O
B
L
A
T
S
U
R
S
E
I
B
A
B
S
L
L
A
H
S
R
A
M
Y
R
O
T
C
A
F
X
X
A
M
J
T
0
.
7
9
0
.
6
9
0
.
8
6
0
.
5
9
9
6
7
,
9
2
7
6
8
,
3
8
8
8
9
,
1
7
1
8
9
5
,
0
0
1
9
4
9
,
0
9
2
0
0
0
,
5
1
2
4
5
9
,
3
1
2
5
5
0
,
4
4
1
1
3
8
,
3
1
1
0
0
5
,
6
9
6
3
8
,
0
5
3
4
3
6
,
7
3
2
7
3
8
,
4
7
0
6
5
,
3
2
1
E
R
U
T
I
N
R
U
F
Y
E
L
H
S
A
E
R
O
T
S
E
M
O
H
T
R
A
M
S
T
E
P
Y
U
B
T
S
E
B
E
R
U
T
I
N
R
U
F
T
R
A
M
S
T
E
P
Y
U
B
T
S
E
B
R
E
G
O
R
K
S
’
L
H
O
K
0
.
3
8
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
7
9
0
.
5
9
0
.
9
9
Y
B
B
O
L
Y
B
B
O
H
Y
B
B
O
L
Y
B
B
O
H
X
A
M
E
C
I
F
F
O
0
.
4
5
7
.
6
6
0
.
1
5
0
.
3
9
T
O
P
E
D
E
M
O
H
0
.
0
0
1
6
2
3
,
8
0
1
0
5
5
,
9
7
6
6
7
,
9
0
2
9
7
4
,
6
8
7
3
5
,
3
8
2
0
9
1
,
9
6
1
7
0
9
,
0
4
2
3
4
3
,
9
4
1
9
7
5
,
5
1
1
7
4
4
,
7
3
9
9
7
,
4
7
2
9
9
8
,
8
0
4
T
C
E
R
I
D
Y
R
O
T
C
A
F
0
.
7
9
8
6
6
,
3
9
S
R
E
P
P
O
H
C
E
C
I
R
P
0
.
5
8
2
2
3
,
4
5
R
E
T
N
E
C
F
O
O
R
E
H
T
Y
A
W
E
F
A
S
0
.
0
0
1
0
.
7
9
0
0
8
,
8
2
8
4
1
,
4
2
1
O
C
T
S
O
C
0
.
0
0
1
8
2
6
,
2
4
1
3
1
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
3
3
0
2
4
2
0
2
1
1
0
2
3
1
0
2
4
1
0
2
N
O
I
L
L
I
M
A
-
-
S
K
O
O
B
8
2
0
2
8
1
0
2
S
E
R
O
T
S
E
M
O
H
Y
E
L
H
S
A
T
O
P
E
D
E
M
O
H
X
X
A
M
J
T
6
4
0
2
1
4
0
2
9
3
0
2
4
2
0
2
4
3
0
2
1
1
0
2
1
2
0
2
9
1
0
2
4
1
0
2
4
1
0
2
E
R
U
T
I
N
R
U
F
T
T
E
S
S
A
B
S
N
E
E
R
G
L
A
W
O
C
T
S
O
C
L
E
R
R
A
B
R
E
K
C
A
R
C
E
S
E
E
H
C
E
K
C
U
H
C
7
3
0
2
7
1
0
2
S
E
R
I
T
B
T
N
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
9
0
9
,
0
6
2
0
7
,
1
0
8
1
,
3
4
3
2
3
3
,
1
0
1
2
4
8
,
4
0
0
0
,
2
3
4
5
4
,
2
0
5
6
,
3
1
6
2
,
4
0
0
0
,
3
8
7
5
,
0
1
2
0
0
,
0
1
0
0
0
,
8
6
2
1
,
5
8
1
8
,
6
0
0
8
,
4
9
0
9
,
2
0
0
0
,
6
7
9
0
,
1
1
0
0
2
,
7
7
2
0
,
8
0
0
1
,
6
0
4
5
,
5
0
.
5
7
8
.
6
1
.
2
1
0
.
9
5
.
5
4
7
.
8
3
6
.
2
7
4
.
1
1
0
.
8
2
.
8
0
.
2
3
8
.
3
2
2
.
1
1
6
.
7
4
.
9
6
.
9
0
.
9
0
.
5
1
6
.
8
6
.
7
2
1
.
5
1
6
.
4
2
0
.
0
7
.
1
1
1
.
4
5
.
7
2
0
.
0
4
4
.
1
1
5
.
9
4
.
3
5
.
2
1
1
.
6
0
.
0
0
.
7
3
1
.
0
1
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
6
7
0
2
(
E
R
U
T
N
E
V
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
9
6
9
1
8
9
9
1
7
0
0
2
6
9
9
1
3
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
4
0
0
2
6
9
9
1
6
0
0
2
7
0
0
2
8
9
9
1
8
9
9
1
8
9
9
1
8
9
9
1
4
7
9
1
6
0
0
2
3
0
0
2
6
0
0
2
9
9
9
1
1
0
0
2
5
0
0
2
8
9
9
1
8
0
0
2
5
0
0
2
6
0
0
2
7
6
9
1
4
0
0
2
5
0
0
2
4
0
0
2
9
9
9
1
5
0
0
2
8
9
9
1
7
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
)
4
(
S
A
L
L
A
D
)
3
(
S
A
L
L
A
D
S
A
L
L
A
D
O
N
A
L
P
T
S
A
E
H
T
R
O
W
T
R
O
F
O
C
S
I
R
F
)
5
(
Y
T
N
U
O
C
S
I
R
R
A
H
I
E
I
R
A
R
P
D
N
A
R
G
N
O
T
S
U
O
H
N
O
T
S
U
O
H
)
5
(
N
O
T
S
U
O
H
)
8
(
N
O
T
S
U
O
H
E
L
L
I
V
S
I
W
E
L
E
L
L
I
V
S
I
W
E
L
E
L
L
I
V
S
I
W
E
L
K
C
O
B
B
U
L
E
T
I
U
Q
S
E
M
E
T
I
U
Q
S
E
M
)
8
(
E
O
R
N
O
C
H
T
R
O
N
S
L
E
F
N
U
A
R
B
.
N
)
4
(
A
N
E
D
A
S
A
P
)
4
(
A
N
E
D
A
S
A
P
O
N
A
L
P
)
4
(
N
O
S
D
R
A
H
C
R
I
E
K
A
L
H
T
U
O
S
)
5
(
E
L
P
M
E
T
R
E
T
S
B
E
W
I
A
R
D
N
A
X
E
L
A
)
6
(
E
K
R
U
B
R
E
T
S
E
H
C
N
A
M
A
I
N
I
G
R
I
V
N
E
D
G
O
T
N
O
M
R
E
V
H
A
T
U
S
T
H
G
I
E
H
L
A
N
O
L
O
C
I
)
8
(
S
E
I
R
F
M
U
D
)
4
(
X
A
F
R
A
F
I
)
3
(
X
A
F
R
A
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
36
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
3
2
0
2
3
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
7
6
0
2
1
3
0
2
5
2
0
2
4
2
0
2
4
1
0
2
Y
U
B
T
S
E
B
5
2
0
2
6
3
0
2
5
3
0
2
7
2
0
2
6
2
0
2
1
9
0
2
5
2
0
2
8
2
0
2
7
2
0
2
7
2
0
2
5
2
0
2
6
2
0
2
6
1
0
2
5
1
0
2
2
1
0
2
1
1
0
2
1
2
0
2
0
1
0
2
0
1
0
2
3
1
0
2
2
1
0
2
2
1
0
2
0
1
0
2
1
1
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
3
3
0
2
6
3
0
2
H
S
I
F
&
S
E
I
L
P
P
U
S
O
C
T
E
P
T
O
P
E
D
E
C
I
F
F
O
B
U
L
C
S
’
M
A
S
S
E
U
Q
I
T
N
A
D
O
O
W
E
G
D
E
W
2
3
0
2
6
2
0
2
1
6
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
C
I
R
B
A
F
N
N
A
-
O
J
E
L
B
O
N
&
S
E
N
R
A
B
D
I
A
E
T
I
R
Y
A
W
E
F
A
S
9
1
0
2
2
3
0
2
2
3
0
2
4
4
0
2
0
3
0
2
9
2
0
2
4
2
0
2
&
S
T
F
I
G
,
S
T
E
P
S
E
G
D
I
R
B
0
4
0
2
R
E
T
A
W
4
3
0
2
2
2
0
2
1
4
0
2
9
3
0
2
4
3
0
2
9
2
0
2
9
1
0
2
2
1
0
2
1
1
0
2
4
1
0
2
4
1
0
2
4
1
0
2
S
G
U
R
D
L
L
E
T
R
A
B
S
’
E
O
J
R
E
D
A
R
T
3
2
0
2
0
2
0
2
D
I
A
E
T
I
R
2
3
0
2
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
1
3
0
2
T
R
A
M
S
T
E
P
D
I
A
E
T
I
R
9
1
0
2
7
2
0
2
1
1
0
2
1
1
0
2
0
1
0
2
5
1
0
2
3
1
0
2
6
1
0
2
7
1
0
2
1
1
0
2
1
2
0
2
4
1
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
E
N
O
Z
O
T
U
A
T
R
A
M
N
I
E
T
S
S
’
N
I
T
R
A
M
S
L
L
A
H
S
R
A
M
S
L
L
A
H
S
R
A
M
X
X
A
M
J
T
R
E
T
N
E
C
E
M
O
H
S
’
E
W
O
L
Y
M
R
A
N
O
I
T
A
V
L
A
S
E
H
T
S
L
E
A
H
C
M
I
S
E
L
P
A
T
S
4
6
0
2
0
6
0
2
6
2
0
2
0
3
0
2
4
4
0
2
3
2
0
2
5
3
0
2
4
3
0
2
9
1
0
2
3
5
0
2
2
7
0
2
7
3
0
2
1
9
0
2
4
1
0
2
2
1
0
2
7
1
0
2
4
1
0
2
0
2
0
2
0
2
0
2
8
1
0
2
5
1
0
2
3
1
0
2
5
1
0
2
2
1
0
2
4
1
0
2
2
1
0
2
6
1
0
2
K
C
A
R
M
O
R
T
S
D
R
O
N
T
O
P
E
D
E
C
I
F
F
O
S
C
I
R
B
A
F
N
N
A
-
O
J
R
E
T
T
U
C
T
S
O
C
Y
U
B
T
S
E
B
Y
T
I
R
O
H
T
U
A
S
T
R
O
P
S
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
L
I
O
Z
N
N
E
P
O
C
T
E
P
8
3
0
2
7
3
0
2
2
2
0
2
9
4
0
2
5
4
0
2
6
2
0
2
5
3
0
2
7
7
0
2
5
4
0
2
3
4
0
2
Y
T
L
A
E
R
L
A
I
T
N
E
D
U
R
P
7
3
0
2
S
C
I
R
B
A
F
N
N
A
-
O
J
9
5
0
2
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
T
O
P
E
D
E
C
I
F
F
O
Y
U
B
T
S
E
B
6
2
0
2
6
2
0
2
Y
U
B
T
S
E
B
9
3
0
2
9
1
0
2
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
4
4
0
2
3
2
0
2
4
2
0
2
5
1
0
2
1
1
0
2
4
1
0
2
4
1
0
2
3
1
0
2
0
1
0
2
9
1
0
2
4
1
0
2
3
2
0
2
7
2
0
2
2
1
0
2
1
2
0
2
4
1
0
2
4
1
0
2
8
1
0
2
2
1
0
2
2
1
0
2
4
1
0
2
5
1
0
2
1
1
0
2
5
1
0
2
2
3
0
2
5
1
0
2
3
1
0
2
5
1
0
2
2
1
0
2
4
2
0
2
6
1
0
2
1
1
0
2
9
1
0
2
9
1
0
2
1
1
0
2
2
4
0
2
9
3
0
2
2
2
0
2
9
1
0
2
S
V
C
S
V
C
T
A
O
C
N
O
T
G
N
I
L
R
U
B
D
O
O
F
S
R
E
P
P
O
H
S
H
S
E
R
F
R
E
P
U
S
E
R
O
T
S
M
O
O
R
Y
R
O
T
C
A
F
O
C
T
S
O
C
T
A
O
C
N
O
T
G
N
I
L
R
U
B
Y
R
O
T
C
A
F
S
’
Y
E
N
O
H
S
S
’
L
H
O
K
S
D
O
O
G
G
N
I
T
R
O
P
S
S
’
K
C
D
I
D
O
O
F
S
R
E
P
P
O
H
S
S
L
E
A
H
C
M
I
E
R
U
T
I
N
R
U
F
Y
C
N
E
G
E
R
D
O
O
F
T
N
A
I
G
T
R
A
M
-
L
A
W
S
U
R
S
Y
O
T
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
4
9
0
.
0
0
1
0
.
3
9
0
.
0
0
1
0
.
7
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
8
5
0
.
1
9
0
.
8
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
4
8
0
.
9
9
0
.
6
7
1
4
2
,
7
6
7
0
,
3
2
9
8
,
5
0
2
0
,
5
6
5
2
,
7
8
2
8
,
4
0
0
0
,
3
9
7
1
,
3
3
2
2
8
,
3
8
2
0
,
3
2
5
3
,
4
0
0
0
,
7
5
2
1
,
0
1
5
2
1
,
0
1
0
7
1
,
2
0
0
2
,
7
2
6
7
,
1
3
9
9
,
7
5
2
1
,
0
1
4
3
5
,
7
8
1
6
8
5
,
6
1
3
5
2
5
,
7
1
1
3
3
2
,
7
0
1
9
2
4
,
7
3
3
3
8
6
,
4
8
2
1
6
,
8
2
1
0
6
0
,
3
9
8
7
,
1
8
2
6
1
,
8
9
2
0
3
7
,
1
3
3
1
1
2
,
4
0
0
4
,
4
0
1
3
,
7
2
4
0
,
1
0
1
3
4
0
,
1
6
3
3
0
5
,
7
3
7
9
7
0
,
6
8
1
8
.
1
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
0
.
0
1
.
1
2
.
1
9
.
0
0
.
0
1
.
1
0
.
0
6
.
0
0
.
0
0
.
0
5
.
1
8
.
0
0
.
9
1
9
.
7
2
5
.
3
1
9
.
8
8
.
6
1
5
.
8
5
.
1
1
7
.
0
7
.
7
7
.
5
3
0
.
0
9
2
.
1
0
.
0
0
.
0
9
.
9
1
.
8
3
3
.
3
0
1
6
.
9
1
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
D
I
A
E
T
I
R
Y
A
W
E
F
A
S
E
L
B
O
N
&
S
E
N
R
A
B
Y
A
W
E
F
A
S
S
N
O
S
T
R
E
B
L
A
Y
A
W
E
F
A
S
S
N
O
S
T
R
E
B
L
A
T
E
G
R
A
T
S
’
Y
C
A
M
T
R
A
M
K
C
F
Q
0
.
9
9
0
.
6
7
0
.
9
9
0
.
4
9
0
.
6
8
0
.
7
8
0
.
8
8
0
.
8
9
0
.
1
9
0
.
3
8
0
.
0
8
0
.
1
8
2
3
0
,
1
7
1
3
5
9
,
5
3
4
5
8
8
,
8
8
1
3
2
0
,
6
7
3
6
2
1
,
0
0
2
9
0
9
,
6
8
8
6
4
,
7
6
2
3
9
,
5
9
1
1
4
6
,
3
1
1
7
1
1
,
7
6
1
2
1
2
,
9
6
9
1
8
,
6
4
1
S
S
E
L
R
O
F
S
S
E
R
D
S
S
O
R
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
E
H
C
R
A
M
N
O
B
E
H
T
E
R
A
W
D
R
A
H
E
C
A
X
X
A
M
J
T
0
.
0
8
0
.
0
0
1
0
.
2
8
0
.
7
9
0
.
2
5
7
8
2
,
7
6
5
9
2
,
1
3
1
9
3
8
,
4
3
1
1
7
0
,
9
5
4
0
9
7
,
9
6
Y
A
W
E
F
A
S
0
.
8
9
6
0
4
,
0
7
1
7
.
3
1
6
.
1
4
0
.
0
2
5
.
0
3
8
.
7
1
1
.
3
2
2
.
7
6
.
8
1
4
.
2
1
0
.
5
1
7
.
6
2
.
3
7
.
4
1
1
.
5
3
.
8
5
.
4
1
9
.
5
4
3
.
6
D
O
O
F
S
R
E
P
P
O
H
S
0
.
0
0
1
3
9
1
,
3
9
4
0
.
4
2
3
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
S
A
E
L
D
N
U
O
R
G
T
N
I
O
J
/
)
2
7
0
2
(
E
R
U
T
N
E
V
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
S
A
E
L
D
N
U
O
R
G
)
3
8
0
2
(
E
S
A
E
L
D
N
U
O
R
G
)
4
1
0
2
(
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
7
0
0
2
7
0
0
2
7
9
9
1
5
0
0
2
9
0
0
2
9
9
9
1
5
9
9
1
5
0
0
2
4
0
0
2
7
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
8
0
0
2
6
0
0
2
3
7
9
1
8
9
9
1
7
0
0
2
4
0
0
2
8
9
9
1
7
0
0
2
0
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
6
0
0
2
3
0
0
2
9
0
0
2
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
8
(
G
R
U
B
S
K
C
R
E
D
E
R
F
I
)
9
(
G
R
U
B
N
O
S
I
R
R
A
H
)
3
(
G
R
U
B
S
E
E
L
S
A
S
S
A
N
A
M
)
5
(
S
A
S
S
A
N
A
M
Y
T
I
C
N
O
G
A
T
N
E
P
D
N
O
M
H
C
R
I
D
N
O
M
H
C
R
I
)
8
(
D
N
O
M
H
C
R
I
)
9
(
E
K
O
N
A
O
R
)
5
(
D
R
O
F
F
A
T
S
)
8
(
D
R
O
F
F
A
T
S
)
8
(
D
R
O
F
F
A
T
S
)
8
(
D
R
O
F
F
A
T
S
)
8
(
D
R
O
F
F
A
T
S
)
5
(
G
N
I
L
R
E
T
S
G
N
I
L
R
E
T
S
E
K
O
N
A
O
R
I
)
0
1
(
E
G
D
R
B
D
O
O
W
)
2
1
(
)
0
1
(
E
U
V
E
L
L
E
B
)
4
(
M
A
H
G
N
I
L
L
E
B
)
3
(
M
A
H
G
N
I
L
L
E
B
)
4
(
Y
A
W
L
A
R
E
D
E
F
)
3
(
S
N
E
V
E
T
S
E
K
A
L
)
3
(
T
N
E
K
)
3
(
T
N
E
K
)
3
(
K
E
E
R
C
L
L
I
M
)
3
(
A
I
P
M
Y
L
O
)
3
(
A
I
P
M
Y
L
O
)
3
(
E
L
T
T
A
E
S
)
3
(
E
L
A
D
R
E
V
L
I
S
)
3
(
E
L
A
D
R
E
V
L
I
S
)
5
(
E
N
A
K
O
P
S
)
3
(
A
M
O
C
A
T
)
4
(
A
L
I
W
K
U
T
R
E
V
U
O
C
N
A
V
)
2
1
(
I
)
4
(
E
G
D
R
B
D
O
O
W
N
R
U
B
U
A
N
O
T
G
N
I
H
S
A
W
37
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
7
2
0
2
2
2
0
2
8
2
0
2
7
5
0
2
3
3
0
2
9
3
0
2
2
2
0
2
1
2
0
2
7
2
0
2
5
2
0
2
9
2
0
2
2
1
0
2
2
1
0
2
3
1
0
2
0
2
0
2
3
1
0
2
4
1
0
2
2
1
0
2
9
1
0
2
7
1
0
2
5
1
0
2
9
1
0
2
Y
A
W
E
F
A
S
A
D
A
N
A
C
T
O
P
E
D
S
S
E
N
I
S
U
B
)
S
E
L
P
A
T
S
(
N
E
N
I
L
K
S
Y
J
1
2
0
2
5
3
0
2
6
2
0
2
5
2
0
2
)
Y
U
B
T
S
E
B
(
P
O
H
S
E
R
U
T
U
F
S
G
U
R
D
N
O
D
N
O
L
S
G
U
R
D
N
O
D
N
O
L
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
S
R
E
Y
A
L
P
S
U
O
M
A
F
T
R
A
M
S
T
E
P
T
R
A
M
S
T
E
P
0
3
0
2
2
2
0
2
7
1
0
2
1
2
0
2
0
3
0
2
8
2
0
2
4
2
0
2
1
2
0
2
3
5
0
2
S
G
U
R
D
N
O
D
N
O
L
1
3
0
2
6
1
0
2
1
1
0
2
0
2
0
2
1
1
0
2
5
1
0
2
6
1
0
2
5
1
0
2
2
1
0
2
2
1
0
2
1
1
0
2
5
1
0
2
8
1
0
2
4
1
0
2
1
1
0
2
3
2
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
K
E
H
C
T
R
O
P
S
S
R
E
T
T
I
F
T
U
O
E
M
O
H
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
S
E
L
P
A
T
S
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
S
R
E
Y
A
L
P
S
U
O
M
A
F
S
D
O
O
F
N
O
E
V
A
S
S
L
E
A
H
C
M
I
N
O
E
D
O
X
E
L
P
E
N
I
C
S
G
U
R
D
N
O
D
N
O
L
Y
A
W
E
F
A
S
0
2
0
2
1
3
0
2
5
2
0
2
6
9
0
2
6
3
0
2
2
8
0
2
7
3
0
2
8
1
0
2
7
2
0
2
8
2
0
2
3
8
0
2
1
4
0
2
1
6
0
2
8
9
0
2
1
4
0
2
S
E
L
P
A
T
S
7
4
0
2
X
X
A
M
J
T
1
4
0
2
G
N
I
H
T
O
L
C
4
2
0
2
9
1
0
2
M
Y
G
L
A
N
O
I
T
A
N
7
2
0
2
2
1
0
2
P
&
A
4
2
0
2
9
3
0
2
4
1
0
2
T
R
A
M
S
T
E
P
3
3
0
2
3
1
0
2
S
L
E
A
H
C
M
I
8
4
0
2
3
2
0
2
N
O
I
I
N
M
O
D
1
2
0
2
7
3
0
2
5
2
0
2
4
3
0
2
8
3
0
2
0
3
0
2
4
2
0
2
1
3
0
2
3
2
0
2
1
1
0
2
2
1
0
2
5
1
0
2
9
1
0
2
8
1
0
2
3
1
0
2
5
1
0
2
4
1
0
2
6
1
0
2
3
1
0
2
T
R
A
M
G
U
R
D
S
R
E
P
P
O
H
S
T
R
A
M
S
T
E
P
T
R
A
M
G
U
R
D
S
R
E
P
P
O
H
S
E
S
N
E
S
E
M
O
H
E
C
N
A
I
L
P
P
A
S
R
A
E
S
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
T
O
P
E
D
S
S
E
N
I
S
U
B
)
S
E
L
P
A
T
S
(
T
R
A
M
S
T
E
P
T
O
P
E
D
S
S
E
N
I
S
U
B
)
S
E
L
P
A
T
S
(
S
R
E
T
A
E
H
T
.
U
C
.
.
I
8
2
0
2
1
2
0
2
4
2
0
2
0
4
0
2
5
2
0
2
3
3
0
2
6
2
0
2
0
3
0
2
8
2
0
2
3
2
0
2
3
2
0
2
5
3
0
2
5
2
0
2
3
1
0
2
1
1
0
2
4
1
0
2
0
2
0
2
5
1
0
2
3
1
0
2
1
1
0
2
0
1
0
2
8
1
0
2
3
1
0
2
3
1
0
2
5
1
0
2
0
1
0
2
)
Y
U
B
T
S
E
B
(
P
O
H
S
E
R
U
T
U
F
E
G
A
L
L
I
V
E
U
L
A
V
T
R
A
M
G
U
R
D
S
R
E
P
P
O
H
S
B
E
O
L
K
R
O
W
S
’
K
R
A
M
E
S
U
O
H
R
A
E
W
Y
U
B
T
S
E
B
T
O
P
E
D
S
S
E
N
I
S
U
B
)
S
E
L
P
A
T
S
(
S
R
E
T
T
I
F
T
U
O
E
M
O
H
S
L
E
A
H
C
M
I
S
’
O
N
I
T
R
O
F
N
O
I
I
N
M
O
D
S
R
A
E
S
B
E
O
L
9
3
0
2
5
5
0
2
7
3
0
2
3
4
0
2
4
2
0
2
7
2
0
2
5
3
0
2
6
3
0
2
0
4
0
2
8
3
0
2
6
3
0
2
5
2
0
2
5
2
0
2
9
2
0
2
2
4
0
2
9
2
0
2
9
2
0
2
9
2
0
2
6
4
0
2
9
3
0
2
0
3
0
2
2
2
0
2
6
3
0
2
7
1
0
2
1
1
0
2
0
1
0
2
1
1
0
2
5
1
0
2
1
1
0
2
1
2
0
2
2
5
0
2
2
1
0
2
3
1
0
2
2
1
0
2
8
1
0
2
3
1
0
2
2
2
0
2
6
1
0
2
1
1
0
2
3
1
0
2
9
3
0
2
6
1
0
2
4
1
0
2
4
1
0
2
5
2
0
2
7
1
0
2
3
2
0
2
4
1
0
2
2
2
0
2
0
2
0
2
6
1
0
2
0
2
0
2
3
1
0
2
1
1
0
2
5
1
0
2
5
1
0
2
4
1
0
2
2
2
0
2
4
1
0
2
0
2
0
2
0
2
0
2
4
1
0
2
4
1
0
2
7
1
0
2
9
1
0
2
5
1
0
2
2
1
0
2
7
2
0
2
6
1
0
2
7
2
0
2
E
M
O
H
E
L
O
H
W
S
R
A
E
S
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
E
S
U
O
H
E
R
A
W
K
C
I
R
B
Y
A
W
E
F
A
S
A
D
A
N
A
C
T
O
P
E
D
E
M
O
H
S
D
O
O
F
N
O
E
V
A
S
Y
A
B
E
H
T
S
R
E
L
L
E
Z
S
L
E
A
H
C
M
I
S
R
E
N
N
W
I
K
C
I
R
B
E
H
T
S
R
E
L
L
E
Z
S
R
E
L
L
E
Z
Y
A
W
E
F
A
S
S
R
A
E
S
5
.
2
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
9
9
1
.
9
9
0
.
0
0
1
0
.
0
0
1
9
.
8
9
6
.
3
9
0
.
0
0
1
0
.
0
0
1
4
.
1
9
3
.
9
9
T
R
A
M
-
L
A
W
S
’
Y
E
B
O
S
5
.
1
9
9
.
8
9
0
8
0
,
2
1
3
3
1
4
,
3
6
0
1
0
,
6
0
3
8
8
9
,
2
6
1
5
4
7
,
8
2
4
8
8
6
,
9
1
2
3
5
2
,
8
8
1
2
0
8
,
1
5
1
4
1
3
,
8
2
2
2
6
4
,
1
7
2
5
2
7
,
2
7
3
2
8
1
,
0
7
1
3
9
,
7
3
3
5
2
7
,
0
7
1
7
8
5
,
2
7
4
5
1
3
,
6
8
1
4
9
0
,
8
3
1
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
E
R
I
T
N
A
I
D
A
N
A
C
S
R
E
L
L
E
Z
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
C
I
S
A
B
D
O
O
F
S
C
I
S
A
B
D
O
O
F
P
&
A
R
E
P
P
O
H
C
E
C
I
R
P
X
I
R
P
A
M
R
A
H
P
R
E
P
P
O
H
C
E
C
I
R
P
E
R
I
T
N
A
I
D
A
N
A
C
T
R
A
M
L
A
W
E
Z
I
L
A
T
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
O
R
T
E
M
5
.
7
8
9
.
3
9
7
.
3
9
4
.
9
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
2
.
4
9
0
.
0
0
1
6
.
8
8
3
.
0
9
5
.
5
9
0
.
0
0
1
0
.
0
0
1
1
8
9
,
1
7
3
0
7
,
2
7
3
2
4
,
1
7
1
5
0
,
3
1
2
9
0
4
,
1
9
5
5
9
,
5
0
1
5
9
1
,
0
6
1
0
5
9
,
4
5
2
3
0
,
7
1
3
3
8
,
8
5
1
5
3
0
,
3
3
1
5
5
0
,
9
8
2
0
1
2
,
0
9
8
8
0
,
1
7
1
0
7
2
,
7
2
1
7
3
6
,
8
1
1
S
R
E
L
L
E
Z
3
.
6
9
9
7
3
,
4
4
2
N
A
S
S
I
N
E
D
I
S
G
N
I
N
R
O
M
0
.
0
0
1
3
3
4
,
3
1
D
E
T
I
M
I
L
N
A
S
S
I
N
T
R
U
O
C
N
I
G
A
0
.
0
0
1
6
0
5
,
0
2
E
R
I
T
N
A
I
D
A
N
A
C
D
E
T
I
M
I
L
S
R
E
L
L
E
Z
S
R
E
L
L
E
Z
S
R
E
Y
A
L
P
S
U
O
M
A
F
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
E
M
O
H
E
L
O
H
W
S
R
A
E
S
E
N
I
F
D
L
R
O
W
S
N
A
R
T
S
R
A
C
D
R
O
F
E
C
N
A
M
R
O
F
R
E
P
.
C
N
I
,
S
E
L
A
S
R
E
P
P
O
H
C
E
C
I
R
P
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
1
.
4
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
4
0
2
,
5
8
3
8
9
7
,
5
2
3
3
2
2
,
6
3
1
9
9
2
,
4
3
2
8
9
4
,
9
6
1
1
6
2
,
1
9
3
6
8
9
,
6
4
7
5
8
,
9
6
7
4
1
,
8
5
T
R
A
M
-
L
A
W
R
E
G
O
R
K
0
.
9
9
0
.
0
0
1
0
.
9
9
0
0
4
,
2
8
8
8
,
8
0
2
9
5
0
,
8
4
1
0
.
2
2
5
.
9
1
8
.
4
1
2
.
1
3
3
.
6
6
.
0
3
3
.
6
1
9
.
2
4
0
.
2
2
8
.
8
1
2
.
5
1
8
.
2
2
1
.
7
2
3
.
7
3
0
.
7
8
.
3
3
1
.
7
1
3
.
7
4
6
.
8
1
8
.
3
1
4
.
4
2
2
.
7
3
.
7
1
.
7
3
.
1
2
1
.
9
6
.
0
1
0
.
6
1
5
.
5
7
.
1
9
.
5
1
3
.
3
1
9
.
8
2
0
.
9
1
.
7
1
7
.
2
1
9
.
1
1
3
.
2
8
.
1
5
.
8
3
6
.
2
3
6
.
3
1
4
.
3
2
9
.
6
1
1
.
9
3
5
.
0
0
.
7
6
.
6
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
5
8
9
1
1
9
9
1
9
9
9
1
2
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
1
0
0
2
2
0
0
2
3
0
0
2
1
0
0
2
1
0
0
2
8
0
0
2
2
0
0
2
1
0
0
2
2
0
0
2
8
0
0
2
8
0
0
2
2
0
0
2
8
0
0
2
4
0
0
2
8
0
0
2
4
0
0
2
2
0
0
2
8
0
0
2
3
0
0
2
8
0
0
2
8
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
8
0
0
2
2
0
0
2
8
0
0
2
3
0
0
2
5
0
0
2
5
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
2
0
0
2
4
0
0
2
2
0
0
2
7
0
0
2
2
0
0
2
7
0
0
2
N
O
T
S
E
L
R
A
H
C
H
T
U
O
S
N
W
O
T
S
E
L
R
A
H
C
N
O
T
G
N
I
T
N
U
H
A
I
N
I
G
R
I
V
T
S
E
W
E
R
T
N
E
C
Y
S
S
E
N
W
A
H
S
I
I
I
I
E
I
R
A
R
P
E
D
N
A
R
G
D
O
O
W
T
N
E
R
B
A
T
R
E
B
L
A
A
D
A
N
A
C
N
O
M
M
O
C
N
O
T
N
O
M
D
E
H
T
U
O
S
Y
E
S
S
E
N
W
A
H
S
@
S
E
P
P
O
H
S
D
R
O
F
S
T
O
B
B
A
K
O
O
R
B
R
A
E
L
C
E
T
A
G
Y
E
L
G
N
A
L
A
I
B
M
U
L
O
C
H
S
I
T
I
R
B
R
E
T
N
E
C
R
E
W
O
P
Y
E
L
G
N
A
L
E
G
R
O
E
G
E
C
N
R
P
I
E
G
R
O
E
G
E
C
N
R
P
I
N
O
I
S
S
I
M
L
L
I
H
Y
R
R
E
B
W
A
R
T
S
H
T
U
O
M
T
R
A
D
X
A
F
I
L
A
H
O
I
R
A
T
N
O
M
U
C
I
L
L
I
T
Y
E
R
R
U
S
A
I
T
O
C
S
A
V
O
N
I
I
I
E
R
T
N
E
C
D
R
A
V
E
L
U
O
B
G
N
I
S
S
O
R
C
N
O
S
K
R
A
L
C
M
A
H
T
A
H
C
E
L
L
I
V
E
L
L
E
B
E
R
T
N
E
C
E
N
A
L
N
E
E
R
G
A
Z
A
L
P
D
L
A
N
O
D
S
U
G
R
E
F
E
R
T
N
E
C
N
W
O
T
4
0
4
Y
R
U
B
S
E
K
W
A
H
Y
R
U
B
S
E
K
W
A
H
D
O
O
W
L
A
D
N
E
K
E
D
I
S
A
E
L
S
D
L
E
I
F
N
L
O
C
N
I
L
N
O
D
N
O
L
O
T
N
O
R
O
T
E
C
A
L
P
T
E
K
R
A
M
K
R
A
P
D
N
A
R
G
N
A
C
O
R
I
A
W
A
T
T
O
H
G
U
O
R
O
B
R
A
C
S
H
G
U
O
R
O
B
R
A
C
S
H
T
R
O
F
N
A
D
D
L
R
O
W
S
R
E
P
P
O
H
S
I
N
O
B
L
A
D
L
R
O
W
S
R
E
P
P
O
H
S
T
N
A
R
U
A
L
.
T
S
Y
R
U
B
D
U
S
Y
R
U
B
D
U
S
38
I
E
G
D
R
N
O
S
K
C
H
T
I
E
C
A
L
P
R
E
K
L
A
W
R
O
S
D
N
W
I
O
T
N
O
R
O
T
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
0
2
0
2
5
1
0
2
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
5
1
0
2
0
1
0
2
S
S
E
N
T
I
F
Y
T
L
A
Y
O
R
T
S
E
W
9
7
0
2
7
3
0
2
1
2
0
2
8
2
0
2
7
1
0
2
1
1
0
2
3
1
0
2
)
X
X
A
M
J
T
(
S
R
E
N
N
W
I
E
G
A
L
L
I
V
E
U
L
A
V
C
R
E
P
U
S
5
2
0
2
5
3
0
2
4
3
0
2
2
2
0
2
5
1
0
2
5
1
0
2
4
1
0
2
2
1
0
2
E
R
I
T
N
A
I
D
A
N
A
C
T
R
A
H
I
X
A
M
A
G
I
8
2
0
2
5
3
0
2
9
3
0
2
0
4
0
2
3
0
1
2
2
2
0
2
6
1
0
2
T
R
A
M
-
L
A
W
L
L
E
P
O
C
3
2
0
2
6
1
0
2
4
2
0
2
A
M
E
N
I
C
M
M
S
I
L
O
P
E
N
I
C
S
I
L
O
P
E
N
I
C
8
3
0
2
2
1
0
2
A
D
T
L
R
E
L
C
E
L
Y
T
E
L
L
A
V
9
1
0
2
E
D
R
E
V
Z
U
R
C
1
1
0
2
A
D
A
M
U
H
A
S
A
I
C
A
M
R
A
F
0
4
0
2
C
A
M
D
O
S
I
2
2
0
2
4
2
0
2
S
I
L
O
P
E
N
I
C
S
I
L
O
P
E
N
I
C
9
1
0
2
3
1
0
2
5
1
0
2
9
1
0
2
0
1
0
2
8
2
0
2
0
2
0
2
4
2
0
2
1
2
0
2
9
2
0
2
5
1
0
2
1
2
0
2
7
1
0
2
7
2
0
2
4
1
0
2
7
2
0
2
7
2
0
2
1
2
0
2
9
1
0
2
6
1
0
2
0
4
0
2
0
2
0
2
2
2
0
2
3
2
0
2
1
2
0
2
3
2
0
2
9
1
0
2
4
2
0
2
4
2
0
2
3
2
0
2
7
2
0
2
1
2
0
2
5
1
0
2
0
2
0
2
2
4
0
2
1
2
0
2
4
2
0
2
6
2
0
2
5
2
0
2
1
2
0
2
1
2
0
2
4
1
0
2
3
2
0
2
3
2
0
2
A
M
E
N
I
C
O
Z
Z
U
G
A
M
E
N
I
C
O
Z
Z
U
G
S
R
E
L
L
E
Z
T
R
A
M
-
L
A
W
C
R
E
P
U
S
A
Z
I
U
L
E
N
I
Z
A
G
A
M
Y
R
E
C
O
R
G
I
S
S
U
R
T
R
A
M
-
L
A
W
R
E
P
U
S
D
U
S
O
C
N
E
C
A
S
S
O
D
A
C
R
E
M
A
S
E
D
R
E
V
Z
U
R
C
S
&
D
A
S
A
S
E
M
O
O
N
O
K
E
.
.
A
S
S
O
N
A
M
R
E
H
C
D
N
E
R
I
.
.
A
S
D
U
S
O
C
N
E
C
.
.
A
S
C
E
T
I
A
S
O
N
O
K
E
8
.
7
9
9
.
8
9
0
.
0
0
1
2
.
4
9
0
.
0
0
1
7
.
0
5
7
.
3
5
4
.
8
7
0
.
5
7
6
.
7
8
3
.
1
8
0
.
0
0
1
0
.
0
0
1
5
.
3
8
2
.
0
7
1
.
7
9
0
.
4
9
A
S
E
D
R
E
V
Z
U
R
C
0
.
0
0
1
O
A
C
I
A
M
R
E
D
I
L
5
.
8
1
0
.
8
7
8
8
2
,
1
1
2
5
6
5
,
3
8
2
3
0
1
,
9
6
3
6
1
1
,
6
1
2
7
4
1
,
6
1
1
0
0
0
,
6
3
1
0
0
0
,
2
7
2
0
0
0
,
8
4
1
0
0
0
,
8
2
3
6
,
7
2
8
7
3
,
1
5
5
9
5
,
3
1
2
5
6
,
6
7
9
6
,
7
2
5
4
0
,
9
6
6
8
,
6
6
4
4
1
,
3
3
5
8
9
,
2
0
0
0
,
7
2
S
R
E
L
L
E
Z
8
.
7
9
6
5
4
,
3
9
3
3
.
9
3
1
.
1
2
4
.
8
2
9
.
6
3
6
.
1
2
6
.
1
1
6
.
3
1
2
.
7
2
8
.
4
1
8
.
0
8
.
2
1
.
5
4
.
1
7
.
0
8
.
2
9
.
0
7
.
6
3
.
3
3
.
0
7
.
2
A
N
A
C
I
X
E
M
L
A
I
C
R
E
M
O
C
T
R
A
M
-
L
A
W
S
I
L
O
P
E
N
I
C
T
R
A
M
-
L
A
W
T
O
P
E
D
E
M
O
H
T
R
A
M
-
L
A
W
6
.
9
9
3
.
2
9
7
.
0
7
6
.
8
8
1
.
8
6
8
.
6
5
9
3
2
,
1
2
1
3
0
3
,
3
8
3
8
3
1
,
9
9
4
1
7
7
,
0
8
5
5
1
1
,
3
9
1
2
4
2
,
8
1
5
Y
R
E
C
O
R
G
I
U
A
R
D
E
H
C
8
.
9
6
1
1
7
,
6
0
3
T
R
A
M
-
L
A
W
5
.
6
6
2
3
7
,
8
6
3
T
R
A
M
-
L
A
W
A
N
A
I
R
O
S
9
.
5
8
7
.
9
7
S
’
O
D
L
A
W
L
E
P
P
O
C
B
E
H
B
E
H
6
.
5
9
0
.
0
0
1
4
.
4
8
1
.
5
9
5
0
1
,
1
4
2
1
3
1
,
5
7
1
9
9
6
,
1
3
7
4
1
,
0
1
3
3
1
,
3
4
4
9
0
3
,
3
7
1
0
.
0
0
1
1
1
9
,
1
1
Y
R
E
C
O
R
G
I
U
A
R
D
E
H
C
T
R
A
M
-
L
A
W
T
R
A
M
-
L
A
W
T
R
A
M
-
L
A
W
T
R
A
M
-
L
A
W
T
R
A
M
-
L
A
W
A
N
A
I
R
O
S
5
.
5
8
0
.
8
7
9
.
9
4
0
.
0
0
1
2
.
9
9
5
.
1
9
8
.
2
8
0
.
1
7
T
O
P
E
D
E
M
O
H
T
R
A
M
-
L
A
W
7
.
1
7
3
.
8
7
5
2
9
,
1
0
2
2
4
3
,
6
9
1
5
0
7
,
9
2
1
9
7
0
,
5
5
6
4
6
1
,
0
2
7
5
4
6
,
5
1
7
4
5
,
7
8
4
9
4
,
0
7
1
5
4
9
,
9
2
2
9
5
9
,
8
9
1
1
.
2
1
3
.
8
3
4
.
1
4
7
.
8
3
3
.
2
1
5
.
0
5
7
.
4
2
7
.
9
2
1
.
4
2
5
.
7
1
2
.
3
0
.
1
8
.
5
2
3
.
7
1
2
.
1
7
.
3
1
2
.
1
1
0
.
3
1
0
.
4
2
0
.
2
7
6
.
1
8
.
8
0
.
7
1
0
.
3
2
9
.
9
1
0
0
0
,
8
6
2
8
.
6
2
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
2
0
0
2
2
0
0
2
8
0
0
2
2
0
0
2
2
0
0
2
8
0
0
2
8
0
0
2
8
0
0
2
8
0
0
2
8
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
8
0
0
2
8
0
0
2
8
0
0
2
8
0
0
2
9
0
0
2
8
0
0
2
8
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
5
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
3
0
0
2
6
0
0
2
7
0
0
2
7
0
0
2
5
0
0
2
2
0
0
2
7
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
4
0
0
2
8
0
0
2
6
0
0
2
N
W
O
T
E
T
T
O
L
R
A
H
C
D
N
A
L
S
I
D
R
A
W
D
E
E
C
N
I
R
P
C
E
B
E
U
Q
K
R
A
P
D
L
E
I
F
N
E
E
R
G
R
E
I
T
R
A
C
S
E
U
Q
C
A
J
Y
A
U
G
U
A
E
T
A
H
C
U
A
E
N
I
T
A
G
)
1
1
(
I
A
D
N
A
L
O
T
R
O
H
)
1
1
(
S
O
H
N
I
L
A
V
O
R
A
L
C
O
R
I
)
1
1
(
A
R
U
C
I
L
I
U
Q
E
L
I
H
C
L
A
V
A
L
L
I
Z
A
R
B
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
O
G
A
I
T
N
A
S
)
1
1
(
R
A
M
L
E
D
A
N
V
I
)
1
1
(
O
G
A
I
T
N
A
S
A
I
N
R
O
F
I
L
A
C
A
J
A
B
O
C
I
X
E
M
I
L
A
C
X
E
M
I
I
L
A
C
X
E
M
I
O
T
I
R
A
S
O
R
A
N
A
U
J
I
T
)
1
1
(
A
N
A
U
J
I
T
)
1
1
(
A
N
A
U
J
I
T
)
1
1
(
N
E
M
R
A
C
L
E
D
D
A
D
U
C
I
E
H
C
E
P
M
A
C
)
1
1
(
A
L
U
H
C
A
P
A
T
S
A
P
A
I
H
C
39
A
N
U
C
A
D
A
D
U
C
I
S
A
N
B
A
S
I
O
L
L
I
T
L
A
S
A
Z
A
L
P
O
L
L
I
T
L
A
S
A
U
H
A
U
H
I
H
C
Z
E
R
A
U
J
Z
E
R
A
U
J
A
L
I
U
H
A
O
C
A
C
U
H
C
A
P
A
C
U
H
C
A
P
O
G
N
A
R
U
D
O
G
N
A
R
U
D
O
G
L
A
D
I
H
O
C
S
I
L
A
J
)
1
1
(
A
R
A
J
A
L
A
D
A
U
G
O
N
E
R
O
M
E
D
S
O
G
A
L
A
T
R
A
L
L
A
V
O
T
R
E
U
P
A
R
A
J
A
L
A
D
A
U
G
A
R
A
J
A
L
A
D
A
U
G
)
1
1
(
A
U
G
U
A
E
D
O
J
O
A
C
O
T
E
U
H
E
U
H
C
A
M
A
C
E
T
O
C
I
X
E
M
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
5
1
0
2
T
O
P
E
D
E
C
I
F
F
O
0
1
0
2
E
T
N
A
G
G
I
3
2
0
2
S
I
L
O
P
E
N
I
C
3
4
0
2
8
2
0
2
T
O
P
E
D
E
M
O
H
7
4
0
2
1
2
0
2
S
I
L
O
P
E
N
I
C
0
5
0
2
8
1
0
2
A
R
A
Z
1
1
0
2
6
2
0
2
3
2
0
2
9
1
0
2
2
4
0
2
2
4
0
2
7
4
0
2
9
2
0
2
5
2
0
2
8
1
0
2
5
2
0
2
3
2
0
2
9
1
0
2
0
2
0
2
8
1
0
2
0
2
0
2
4
1
0
2
2
1
0
2
2
1
0
2
2
1
0
2
2
2
0
2
9
2
0
2
2
1
0
2
2
1
0
2
8
2
0
2
6
1
0
2
S
K
R
O
W
E
M
A
G
T
R
A
M
-
L
A
W
3
.
9
8
0
.
0
0
1
0
.
2
9
8
5
0
,
7
4
2
2
0
7
,
3
1
1
1
9
,
8
9
3
T
R
A
M
-
L
A
W
5
.
6
5
1
2
4
,
4
9
5
T
R
A
M
-
L
A
W
7
.
9
4
9
2
7
,
0
8
2
Y
R
E
C
O
R
G
I
U
A
R
D
E
H
C
A
I
B
R
U
B
U
S
A
M
E
N
I
C
M
M
T
R
A
M
-
L
A
W
B
E
H
B
E
H
B
E
H
B
E
H
5
.
8
6
3
.
5
9
8
.
6
7
1
.
9
3
0
.
5
9
5
.
4
4
1
.
7
9
3
.
9
5
7
0
6
,
7
4
3
3
2
5
,
2
7
2
7
7
0
,
1
8
3
6
9
2
,
3
8
1
9
1
9
,
6
9
6
7
5
,
6
3
1
5
9
4
,
4
8
2
1
8
7
,
2
6
2
T
R
A
M
-
L
A
W
S
R
A
E
S
6
.
4
4
7
.
9
6
3
6
7
,
1
2
5
8
0
8
,
1
5
1
B
E
H
8
.
7
9
4
3
3
,
1
2
1
S
I
L
O
P
E
N
I
C
A
S
M
A
F
S
O
D
L
A
W
S
O
D
L
A
W
T
R
A
M
-
L
A
W
S
O
D
L
A
W
E
T
N
A
G
G
I
B
E
H
S
O
D
L
A
W
B
E
H
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
8
.
5
7
3
.
7
9
0
.
0
0
1
0
.
0
0
1
9
.
1
9
0
.
0
0
1
4
.
1
4
0
.
0
0
1
9
7
4
,
4
2
4
7
7
,
3
5
1
0
0
9
,
0
1
5
3
8
,
0
1
5
6
5
,
8
0
6
7
,
0
1
5
6
0
,
2
4
4
7
6
5
,
4
7
3
3
9
0
,
5
1
1
4
8
6
,
9
3
0
6
,
7
1
3
7
6
,
9
0
6
9
,
5
2
2
2
6
1
,
6
1
S
O
D
L
A
W
0
.
0
0
1
7
4
8
,
9
1
8
.
3
5
0
0
0
,
3
1
7
.
4
2
4
.
1
7
.
4
1
4
.
9
5
7
.
9
1
8
.
4
3
3
.
7
2
1
.
8
3
3
.
8
1
7
.
9
0
.
0
1
4
.
8
2
3
.
6
2
1
.
2
1
9
.
9
9
.
9
4
.
2
4
.
5
1
1
.
1
1
.
1
9
.
0
1
.
1
2
.
4
4
5
.
7
3
5
.
1
1
0
.
1
8
.
1
0
.
1
6
.
2
2
6
.
1
0
.
2
3
.
1
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
R
U
T
N
E
V
T
N
I
O
J
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
E
E
F
7
0
0
2
7
0
0
2
5
0
0
2
6
0
0
2
7
0
0
2
6
0
0
2
2
0
0
2
6
0
0
2
8
0
0
2
5
0
0
2
7
0
0
2
7
0
0
2
8
0
0
2
4
0
0
2
8
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
6
0
0
2
4
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
8
0
0
2
7
0
0
2
7
0
0
2
8
0
0
2
A
L
T
N
A
P
E
N
L
A
L
T
S
A
M
O
L
R
E
T
N
I
A
C
U
L
A
P
A
T
X
I
Y
T
I
C
O
C
I
X
E
M
)
1
1
(
A
L
T
U
A
U
C
S
O
L
E
R
O
M
T
I
R
A
Y
A
N
)
1
1
(
A
T
R
A
L
L
A
V
O
V
U
E
N
N
O
E
L
O
V
E
U
N
)
1
1
(
Y
E
R
R
E
T
N
O
M
Y
E
R
R
E
T
N
O
M
Y
E
R
R
E
T
N
O
M
O
D
E
B
O
C
S
E
C
E
P
E
T
X
U
T
C
E
P
E
T
X
U
T
A
C
A
X
A
O
)
1
1
(
N
U
C
N
A
C
N
U
C
N
A
C
I
S
O
T
O
P
S
I
U
L
N
A
S
S
I
U
L
N
A
S
A
R
O
N
O
S
O
O
R
A
N
A
T
N
I
U
Q
)
1
1
(
O
L
L
I
S
O
M
R
E
H
)
1
1
(
S
I
H
C
O
M
S
O
L
S
A
P
I
L
U
A
M
A
T
S
O
R
O
M
A
T
A
M
S
O
R
O
M
A
T
A
M
S
O
R
O
M
A
T
A
M
I
A
R
M
A
T
L
A
O
D
E
R
A
L
O
V
E
U
N
O
D
E
R
A
L
O
V
E
U
N
O
D
E
R
A
L
O
V
E
U
N
)
1
1
(
O
V
A
R
B
O
R
I
O
V
A
R
B
O
R
I
O
C
I
P
M
A
T
A
S
O
N
Y
E
R
A
S
O
N
Y
E
R
A
S
O
N
Y
E
R
A
S
O
N
Y
E
R
N
A
L
T
I
T
A
N
M
I
Z
U
R
C
A
R
E
V
)
1
1
(
A
M
I
L
U
R
E
P
40
7
0
2
,
5
6
5
,
7
3
1
7
.
4
8
9
,
4
1
S
T
S
E
R
E
T
N
I
Y
T
R
E
P
O
R
P
R
E
T
N
E
C
G
N
I
P
P
O
H
S
1
5
9
L
A
T
O
T
)
Y
L
N
O
S
T
E
S
S
A
L
I
A
T
E
R
(
S
T
N
E
M
T
S
E
V
N
I
Y
T
I
U
Q
E
D
E
R
R
E
F
E
R
P
S
U
S
T
S
E
R
E
T
N
I
Y
T
R
E
P
O
R
P
R
E
H
T
O
8
2
0
2
9
2
0
2
3
1
0
2
C
N
I
S
E
R
O
T
S
S
S
O
R
2
2
0
2
4
1
0
2
Y
N
A
P
M
O
C
S
’
E
O
J
R
E
D
A
R
T
4
3
0
2
2
1
0
2
4
1
0
2
L
A
N
I
F
&
T
R
A
M
S
4
1
0
2
S
’
N
E
E
R
G
L
A
W
4
2
0
2
8
3
0
2
8
3
0
2
4
3
0
2
4
1
0
2
9
1
0
2
8
1
0
2
4
1
0
2
T
O
P
E
D
E
C
I
F
F
O
S
T
O
O
H
A
K
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
3
.
2
9
Y
R
R
A
K
N
H
S
A
K
E
I
X
I
D
N
N
W
I
1
.
7
9
9
.
5
9
5
7
8
,
5
7
7
0
5
,
1
2
8
4
2
,
1
2
8
4
1
,
5
1
0
9
4
,
1
7
1
4
4
,
4
8
E
L
B
O
N
&
S
E
N
R
A
B
7
3
0
2
7
1
0
2
N
O
E
D
O
X
E
L
P
E
N
I
C
/
S
W
E
O
L
5
.
0
9
9
8
9
,
4
1
5
8
3
0
2
8
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
,
D
E
B
6
.
8
5
6
5
3
,
5
8
9
.
5
3
.
7
5
8
.
6
5
.
0
9
.
1
3
.
1
9
.
7
4
.
8
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
6
0
0
2
6
0
0
2
3
0
0
2
4
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
4
0
0
2
)
2
1
(
E
G
A
R
O
H
C
N
A
A
K
S
A
L
A
H
T
R
O
W
S
T
A
H
C
E
N
R
O
H
T
W
A
H
U
B
I
L
A
M
U
B
I
L
A
M
R
E
T
A
W
R
A
E
L
C
A
K
P
O
P
A
A
D
I
R
O
L
F
N
O
S
C
U
T
A
I
N
R
O
F
I
L
A
C
A
N
O
Z
I
R
A
s
e
s
a
e
L
r
o
j
a
M
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
0
2
0
2
1
1
0
2
C
N
I
S
D
N
E
R
T
I
T
I
C
7
3
0
2
2
1
0
2
T
O
P
E
D
E
C
I
F
F
O
0
7
0
2
0
3
0
2
8
1
0
2
3
2
0
2
m
/
t
/
m
0
2
0
2
3
1
0
2
6
1
0
2
9
2
0
2
N
A
L
P
A
K
Y
E
L
N
A
T
S
C
I
R
B
A
F
N
N
A
-
O
J
A
M
E
N
I
C
C
M
A
1
1
0
2
4
2
0
2
0
2
0
2
4
3
0
2
3
3
0
2
A
S
U
C
P
R
E
T
R
O
P
S
N
A
R
T
S
’
N
E
E
R
G
L
A
W
3
3
0
2
1
1
0
2
4
1
0
2
0
2
0
2
4
1
0
2
3
1
0
2
0
1
0
2
8
1
0
2
T
E
K
R
A
M
R
E
P
U
S
T
E
P
S
A
M
E
N
I
C
T
C
E
R
I
D
R
E
G
I
T
N
O
I
L
D
O
O
F
T
R
A
M
S
T
E
P
E
C
I
V
R
E
S
L
A
T
S
O
P
S
U
S
’
L
L
A
E
B
9
2
0
2
4
5
0
2
8
5
0
2
9
6
0
2
5
2
0
2
5
3
0
2
5
3
0
2
3
3
0
2
7
4
0
2
4
1
0
2
9
1
0
2
8
2
0
2
9
1
0
2
5
1
0
2
0
1
0
2
5
1
0
2
8
1
0
2
7
1
0
2
0
2
0
2
E
I
X
I
D
N
N
W
I
E
I
X
I
D
N
N
W
I
T
O
P
E
D
E
M
O
H
T
R
A
M
K
-
T
O
P
E
D
E
C
I
F
F
O
E
I
X
I
D
N
N
W
I
.
C
N
I
Y
R
R
A
K
N
H
S
A
K
E
R
A
W
D
R
A
H
E
C
A
8
.
4
8
2
.
5
9
9
.
0
9
5
.
3
8
8
.
9
8
6
.
2
9
0
.
0
0
1
1
.
3
8
7
6
5
,
0
8
4
9
1
,
5
7
1
1
0
,
1
5
6
9
5
4
,
3
7
2
8
4
3
,
8
4
1
7
1
9
,
9
6
8
3
5
,
0
0
1
5
5
9
,
1
7
1
T
R
A
M
L
A
W
1
.
7
9
4
6
6
,
2
9
1
T
R
A
M
-
L
A
W
8
.
6
8
1
3
3
,
0
2
3
7
.
0
7
3
2
4
,
3
5
E
R
A
U
Q
S
Y
A
R
L
E
D
1
2
0
2
1
1
0
2
,
S
T
E
K
R
A
M
R
E
P
U
S
X
I
L
B
U
P
7
.
9
6
5
7
1
,
3
1
1
8
2
0
2
8
1
0
2
T
R
A
M
S
T
E
P
1
2
0
2
1
1
0
2
X
X
A
M
J
T
6
4
0
2
1
1
0
2
S
U
R
S
Y
O
T
2
.
7
7
9
6
3
,
1
5
1
4
3
0
2
2
1
0
2
4
1
0
2
2
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
,
D
E
B
Y
V
A
N
D
L
O
9
2
0
2
8
2
0
2
5
2
0
2
4
1
0
2
3
1
0
2
5
1
0
2
C
N
I
S
E
R
O
T
S
S
S
O
R
E
L
B
O
N
&
S
E
N
R
A
B
E
E
R
T
R
A
L
L
O
D
7
1
0
2
2
1
0
2
S
T
R
O
P
M
I
1
R
E
I
P
1
3
0
2
5
1
0
2
T
E
K
R
A
M
R
E
P
U
S
S
’
W
A
H
S
7
2
0
2
2
3
0
2
4
3
0
2
7
1
0
2
9
1
0
2
0
3
0
2
8
4
0
2
0
2
0
2
1
3
0
2
2
4
0
2
0
3
0
2
6
4
0
2
6
1
0
2
1
1
0
2
Y
N
A
P
M
O
C
Y
R
E
C
O
R
G
B
E
H
7
3
0
2
2
2
0
2
5
2
0
2
3
1
0
2
7
1
0
2
7
1
0
2
1
1
0
2
E
E
R
T
R
A
L
L
O
D
S
G
N
I
D
L
O
H
N
O
I
L
L
I
M
A
K
O
O
B
4
3
0
2
S
A
X
E
T
S
’
D
L
O
G
1
3
0
2
6
2
0
2
9
2
0
2
7
2
0
2
4
1
0
2
1
1
0
2
1
1
0
2
4
1
0
2
7
1
0
2
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
S
T
N
E
V
E
H
C
R
A
N
O
M
D
N
A
L
T
T
I
A
G
.
C
O
S
S
A
S
E
C
R
U
O
S
E
R
C
I
F
I
C
A
P
2
2
0
2
X
X
A
M
J
T
8
4
0
2
1
2
0
2
1
1
0
2
O
C
T
E
P
4
3
0
2
9
2
0
2
9
1
0
2
4
3
0
2
9
2
0
2
0
2
0
2
9
1
0
2
4
1
0
2
S
V
C
4
1
0
2
4
1
0
2
S
S
E
N
T
I
F
N
W
O
T
E
G
R
O
E
G
5
2
0
2
2
1
0
2
2
1
0
2
4
1
0
2
2
1
0
2
4
1
0
2
0
2
0
2
8
1
0
2
5
1
0
2
1
1
0
2
7
1
0
2
5
1
0
2
6
2
0
2
1
1
0
2
8
2
0
2
2
1
0
2
4
2
0
2
4
1
0
2
4
1
0
2
9
1
0
2
4
1
0
2
0
1
0
2
0
1
0
2
S
’
L
L
A
H
S
R
A
M
X
A
M
E
C
I
F
F
O
S
L
E
A
H
C
M
I
S
V
C
Y
T
I
C
Y
T
R
A
P
1
.
2
9
8
.
8
9
0
.
7
9
2
.
9
8
1
.
7
9
1
.
3
6
0
.
0
7
1
.
4
7
T
E
K
R
A
M
R
E
P
U
S
S
’
W
A
H
S
T
O
L
B
O
J
E
T
A
T
S
N
A
E
C
O
D
I
A
E
T
I
R
T
E
K
R
A
M
R
E
P
U
S
S
’
W
A
H
S
S
E
L
P
A
T
S
0
.
0
0
1
0
.
0
0
1
5
.
4
9
0
.
0
0
1
0
.
0
0
1
S
T
R
O
P
S
Y
M
E
D
A
C
A
0
.
0
0
1
5
0
4
,
9
2
1
0
6
,
6
2
1
9
6
6
,
3
9
1
9
5
,
8
7
3
0
2
,
3
6
5
6
7
,
7
3
9
5
7
,
1
4
4
8
1
,
4
6
6
2
6
,
1
8
0
8
0
,
0
5
3
8
5
,
4
3
8
2
8
,
6
1
1
0
8
1
,
1
1
0
0
0
,
9
3
T
E
K
R
A
M
R
E
P
U
S
M
R
A
F
T
A
E
M
S
’
A
T
N
U
I
G
0
.
2
9
3
8
0
,
5
6
P
O
H
S
N
’
P
O
T
S
3
.
3
9
8
9
7
,
9
9
S
T
R
O
P
S
Y
M
E
D
A
C
A
7
.
7
9
8
7
5
,
7
0
2
N
O
I
L
D
O
O
F
9
.
5
7
3
8
4
,
1
1
2
S
S
E
N
T
I
F
R
U
O
H
4
2
S
A
X
E
T
S
’
D
L
O
G
S
’
N
A
M
H
S
O
.
.
P
L
,
S
G
N
I
D
L
O
H
S
R
E
T
S
U
B
D
N
A
E
V
A
D
E
L
B
O
N
&
S
E
N
R
A
B
C
I
R
T
C
E
L
E
S
’
N
N
O
C
E
E
R
T
R
A
L
L
O
D
9
.
6
9
8
.
6
9
8
.
3
7
0
.
0
0
1
0
.
0
0
1
8
.
2
9
5
.
5
8
1
.
7
8
0
.
0
0
1
0
.
0
0
1
2
.
4
7
9
.
2
9
9
3
0
,
1
3
1
5
4
8
,
7
9
0
0
7
,
8
7
1
0
0
0
,
0
4
9
2
8
,
8
8
9
5
6
,
5
5
0
4
7
,
8
1
6
1
4
,
5
1
1
6
7
5
,
4
1
9
1
9
,
8
2
9
3
0
,
2
5
9
0
6
,
2
3
1
1
3
0
2
1
2
0
2
Y
B
B
O
L
Y
B
B
O
H
0
.
8
1
0
.
7
5
.
8
0
.
0
5
2
.
9
2
6
.
2
1
3
.
7
4
.
1
1
7
.
8
1
4
.
2
2
8
.
2
5
6
.
7
3
.
6
3
9
.
2
1
3
.
7
1
4
.
8
1
4
.
8
9
.
6
1
.
1
3
.
3
8
.
3
0
.
6
8
.
0
1
0
.
3
4
0
.
0
2
7
.
1
5
.
3
7
.
6
2
0
.
7
6
.
7
3
8
.
9
1
9
.
0
1
0
.
0
2
6
.
5
1
2
.
4
2
.
0
1
8
.
4
0
.
2
1
.
2
1
0
.
3
0
.
8
8
.
4
1
.
5
1
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
7
0
0
2
4
0
0
2
3
0
0
2
4
0
0
2
8
0
0
2
5
0
0
2
3
0
0
2
4
0
0
2
2
0
0
2
6
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
7
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
6
0
0
2
6
0
0
2
4
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
7
0
0
2
5
0
0
2
)
2
1
(
H
C
A
E
B
Y
A
R
L
E
D
E
E
H
C
T
A
H
A
X
O
L
A
N
O
T
L
E
D
I
M
A
M
I
S
E
N
I
P
E
K
O
R
B
M
E
P
L
L
I
H
G
N
R
P
S
I
A
T
O
S
A
R
A
S
A
P
M
A
T
N
O
T
G
N
I
L
L
E
W
I
S
E
N
O
M
S
E
D
T
S
E
W
E
L
L
I
V
S
I
U
O
L
Y
K
C
U
T
N
E
K
A
N
A
I
S
I
U
O
L
S
E
L
R
A
H
C
E
K
A
L
E
T
T
E
Y
A
F
A
L
T
R
O
P
E
V
E
R
H
S
T
R
O
P
E
V
E
R
H
S
E
I
R
T
L
U
O
M
G
N
I
S
N
A
L
S
I
O
N
I
L
L
I
A
W
O
I
A
I
G
R
O
E
G
L
L
I
H
R
E
V
A
H
I
E
G
D
R
B
M
A
C
S
T
T
E
S
U
H
C
A
S
S
A
M
I
P
P
I
S
S
I
S
S
I
M
D
N
A
L
E
G
D
R
I
D
N
A
L
E
G
D
R
I
D
N
A
L
E
G
D
R
I
E
R
I
H
S
P
M
A
H
W
E
N
R
E
T
S
A
C
N
A
L
N
O
T
E
L
T
T
I
L
T
R
O
P
W
E
N
E
L
L
I
V
S
D
O
O
W
E
L
L
I
V
S
D
O
O
W
N
O
S
R
E
F
F
E
J
T
R
O
P
G
N
I
T
I
H
W
Y
E
S
R
E
J
W
E
N
K
R
O
Y
W
E
N
E
L
L
I
V
E
K
O
O
C
E
E
S
S
E
N
N
E
T
S
A
X
E
T
)
1
1
(
N
O
S
K
C
A
J
E
K
A
L
N
O
S
D
R
A
H
C
R
I
E
K
A
L
H
T
U
O
S
N
O
T
L
L
O
R
R
A
C
N
W
O
T
E
G
R
O
E
G
)
1
1
(
N
E
E
L
L
I
K
N
I
T
S
U
A
N
I
T
S
U
A
N
I
T
S
U
A
N
I
T
S
U
A
N
I
T
S
U
A
N
I
T
S
U
A
N
I
T
S
U
A
41
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
)
Y
L
N
O
S
T
E
S
S
A
L
I
A
T
E
R
(
S
T
N
E
M
T
S
E
V
N
I
Y
T
I
U
Q
E
D
E
R
R
E
F
E
R
P
A
D
A
N
A
C
e
n
o
n
5
3
0
2
0
4
0
2
0
1
0
2
5
1
0
2
0
2
0
2
Y
N
A
P
M
O
C
A
I
T
O
C
S
A
V
O
N
S
T
R
O
P
S
E
L
A
S
E
L
O
H
W
D
N
O
Y
E
B
&
H
T
A
B
D
E
B
6
2
0
2
5
2
0
2
5
3
0
2
5
4
0
2
1
3
0
2
1
1
0
2
S
G
U
R
D
&
D
O
O
F
N
O
E
V
A
S
9
2
0
2
2
2
0
2
2
3
0
2
7
1
0
2
7
1
0
2
.
D
T
L
A
D
A
N
A
C
N
O
R
V
E
H
C
L
A
E
R
T
N
O
M
F
O
K
N
A
B
8
1
0
2
2
1
0
2
4
3
0
2
4
4
0
2
3
2
0
2
4
4
0
2
1
2
0
2
1
1
0
2
E
R
A
W
D
R
A
H
G
&
G
5
4
0
2
6
1
0
2
4
1
0
2
5
1
0
2
0
1
0
2
4
2
0
2
3
1
0
2
2
1
0
2
6
1
0
2
4
1
0
2
3
1
0
2
4
1
0
2
5
1
0
2
E
R
O
T
S
T
N
A
I
G
R
A
L
L
O
D
S
T
N
A
H
C
R
E
M
S
R
E
N
N
W
I
P
L
.
T
N
I
.
D
T
L
S
G
U
R
D
N
O
D
N
O
L
Y
A
W
E
F
A
S
A
D
A
N
A
C
2
2
0
2
4
3
0
2
4
4
0
2
6
3
0
2
2
1
0
2
4
1
0
2
4
2
0
2
1
1
0
2
.
P
R
O
C
A
D
A
N
A
C
T
R
A
M
-
L
A
W
T
E
K
R
A
M
R
E
P
U
S
T
&
T
.
D
T
L
A
D
A
N
A
C
Y
U
B
T
S
E
B
.
D
T
L
L
E
R
A
P
P
A
S
R
E
N
N
W
I
T
N
E
M
E
G
A
N
A
M
W
&
D
5
3
0
2
5
1
0
2
S
G
U
R
D
&
D
O
O
F
N
O
E
V
A
S
E
R
I
T
N
A
I
D
A
N
A
C
8
7
0
2
3
2
0
2
S
R
E
L
L
E
Z
.
C
N
I
Y
T
L
A
E
R
S
R
E
P
P
O
H
S
D
O
O
W
Y
L
L
O
H
W
E
N
E
R
T
A
E
H
T
U
L
A
V
R
E
P
U
S
K
S
Y
J
1
3
0
2
1
3
0
2
7
2
0
2
3
3
0
2
3
3
0
2
T
R
A
M
G
U
R
D
S
’
R
E
P
P
O
H
S
7
3
0
2
7
3
0
2
S
D
O
O
F
A
R
T
X
E
9
1
0
2
1
2
0
2
6
1
0
2
2
1
0
2
1
1
0
2
2
1
0
2
4
1
0
2
7
1
0
2
2
2
0
2
S
G
U
R
D
&
D
O
O
F
N
O
E
V
A
S
4
8
1
#
E
R
O
T
S
Y
A
W
E
F
A
S
S
D
O
O
F
W
O
L
-
Y
U
B
S
R
E
L
L
E
Z
S
G
U
R
D
&
D
O
O
F
N
O
E
V
A
S
.
D
T
L
S
G
U
R
D
N
O
D
N
O
L
S
R
E
N
N
W
I
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
0
0
1
1
.
3
8
0
.
0
0
1
4
.
6
7
4
.
3
8
0
.
0
0
1
0
.
0
0
1
7
.
7
9
7
.
7
9
0
.
0
0
1
0
.
0
0
1
7
.
8
7
0
.
0
0
1
3
.
8
8
0
.
0
0
1
0
.
0
0
1
5
.
6
9
9
.
1
9
5
.
6
9
5
.
7
9
8
0
3
,
6
2
3
0
,
2
7
1
7
7
7
,
7
2
1
9
0
1
,
7
5
2
2
8
3
,
7
3
1
6
2
2
,
7
0
0
0
,
4
5
2
0
,
2
8
3
1
5
0
,
9
6
8
8
7
,
8
4
2
0
,
4
4
1
5
,
1
4
1
2
5
1
,
6
2
1
2
3
8
,
4
3
8
1
5
,
4
3
5
0
4
,
3
8
8
9
1
,
4
0
1
0
0
0
,
2
8
1
6
5
9
,
5
3
0
1
6
,
1
1
1
2
1
2
,
8
4
S
E
L
P
A
T
S
0
.
0
0
1
0
.
0
0
1
0
0
2
,
4
0
.
0
0
1
0
.
0
0
1
2
4
7
,
6
5
5
6
,
4
3
.
0
0
.
9
0
.
0
1
9
.
7
1
5
.
8
1
3
.
0
2
.
0
6
.
5
2
2
.
7
6
.
0
3
.
0
3
.
0
1
7
.
9
6
.
7
5
.
2
0
.
8
0
.
8
9
.
5
1
0
.
3
7
.
9
9
.
5
2
4
.
0
6
.
0
4
.
0
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
7
2
0
2
8
1
0
2
S
L
E
B
A
L
3
4
0
2
8
1
0
2
T
R
A
H
9
1
0
2
6
1
0
2
L
L
A
C
S
Y
G
R
E
V
N
O
C
7
.
1
7
8
3
0
,
3
2
4
8
.
5
2
E
R
U
T
N
E
V
T
N
I
O
J
E
R
T
N
E
C
7
2
0
2
2
1
0
2
S
’
Y
E
B
O
S
5
3
0
2
5
1
0
2
5
1
0
2
0
1
0
2
S
E
R
T
A
E
H
T
E
R
I
P
M
E
D
O
O
W
D
R
A
H
E
T
A
T
S
E
5
1
0
2
0
1
0
2
E
R
U
T
I
N
R
U
F
S
E
M
R
O
7
2
0
2
2
1
0
2
C
N
I
A
D
A
N
A
C
B
E
O
L
0
.
0
0
1
0
.
0
0
1
1
.
6
7
0
.
8
5
0
.
0
0
1
0
.
7
7
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
3
.
8
8
0
.
0
0
1
0
.
0
0
1
2
.
9
8
0
.
0
0
.
0
0
1
5
.
4
9
0
.
0
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
3
7
0
.
0
0
1
4
.
3
8
0
.
0
0
1
6
.
7
5
0
.
0
0
1
8
4
7
,
4
0
8
6
,
1
7
9
8
,
6
4
9
8
,
2
1
6
2
1
,
9
0
3
7
,
5
1
0
0
0
,
4
0
0
6
,
3
0
0
5
,
6
1
4
4
,
0
1
5
2
1
,
4
0
5
4
,
3
1
7
4
7
,
6
6
2
5
1
,
8
0
0
7
,
5
2
1
6
,
6
8
-
1
9
0
,
1
3
6
6
6
,
6
8
4
4
,
4
0
3
5
,
6
2
0
0
4
,
6
4
0
4
8
,
9
3
0
0
4
,
3
3
3
1
,
1
1
1
0
0
,
1
3
1
.
1
6
.
1
6
.
1
8
.
0
8
.
0
3
.
1
3
.
0
8
.
0
3
.
0
5
.
0
3
.
0
0
.
2
0
.
5
4
.
0
6
.
0
9
.
6
5
.
6
3
8
.
1
5
.
0
3
.
0
5
.
1
0
.
5
6
.
2
1
.
9
6
.
0
7
.
2
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
5
0
0
2
4
0
0
2
4
0
0
2
7
0
0
2
4
0
0
2
5
0
0
2
5
0
0
2
6
0
0
2
4
0
0
2
5
0
0
2
5
0
0
2
4
0
0
2
5
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
6
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
6
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
6
0
0
2
6
0
0
2
5
0
0
2
5
0
0
2
4
0
0
2
7
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
7
0
0
2
)
2
1
(
N
O
T
N
O
M
D
E
I
E
G
D
R
B
H
T
E
L
I
E
G
D
R
B
H
T
E
L
I
E
G
D
R
B
H
T
E
L
N
O
T
N
H
I
E
S
U
O
H
E
L
I
M
0
0
1
A
I
B
M
U
L
O
C
H
S
I
T
I
R
B
Y
R
A
G
L
A
C
Y
R
A
G
L
A
C
Y
R
A
G
L
A
C
A
T
R
E
B
L
A
)
1
1
(
S
P
O
O
L
M
A
K
Y
E
L
G
N
A
L
E
G
R
O
E
G
E
C
N
R
P
I
I
N
R
E
B
L
A
T
R
O
P
Y
E
R
R
U
S
Y
A
N
E
T
R
U
O
C
Y
B
A
N
R
U
B
S
N
O
S
B
G
I
R
E
V
U
O
C
N
A
V
K
N
A
B
T
S
E
W
L
I
A
R
T
)
1
1
(
K
N
A
B
T
S
E
W
G
E
P
I
N
N
W
I
I
K
C
W
S
N
U
R
B
W
E
N
A
B
O
T
I
N
A
M
I
N
O
T
C
R
E
D
E
R
F
N
O
T
C
N
O
M
S
’
N
H
O
J
.
T
S
D
N
A
L
D
N
U
O
F
W
E
N
O
I
R
A
T
N
O
42
D
R
O
F
T
N
A
R
B
N
O
T
G
N
I
L
R
U
B
I
E
G
D
R
B
M
A
C
L
L
A
W
N
R
O
C
N
O
T
L
I
M
A
H
N
O
T
L
I
M
A
H
N
O
T
L
I
M
A
H
H
P
L
E
U
G
R
E
N
E
H
C
T
I
K
R
E
N
E
H
C
T
I
K
N
O
D
N
O
L
N
O
D
N
O
L
N
O
D
N
O
L
A
G
U
A
S
S
I
S
S
I
M
)
1
1
(
N
O
T
L
I
M
Y
A
B
H
T
R
O
N
E
I
R
R
A
B
E
I
R
R
A
B
E
I
R
R
A
B
A
W
A
T
T
O
A
W
A
T
T
O
A
W
A
T
T
O
A
W
A
T
T
O
A
W
A
T
T
O
A
W
A
T
T
O
A
W
A
T
T
O
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
n
o
i
t
p
O
e
s
a
e
L
n
o
i
t
a
r
i
p
x
E
n
o
i
t
a
r
i
p
x
E
e
m
a
N
t
n
a
n
e
T
s
e
s
a
e
L
r
o
j
a
M
5
3
0
2
0
2
0
2
1
2
0
2
9
1
0
2
3
1
0
2
1
4
0
2
6
2
0
2
0
1
0
2
8
2
0
2
5
1
0
2
1
1
0
2
6
1
0
2
3
1
0
2
1
2
0
2
E
R
I
T
N
A
I
D
A
N
A
C
S
E
R
O
T
S
T
R
A
H
Y
S
S
O
R
O
R
T
E
M
A
G
I
S
U
R
S
Y
O
T
6
1
0
2
T
P
E
C
N
O
C
E
I
R
E
N
I
A
B
U
A
’
L
0
1
0
2
8
1
0
2
A
M
A
R
A
L
L
O
D
Y
S
S
O
R
2
1
0
2
8
2
0
2
6
2
0
2
5
2
0
2
0
3
0
2
0
2
0
2
6
2
0
2
9
1
0
2
6
3
0
2
5
1
0
2
3
2
0
2
3
3
0
2
2
1
0
2
8
1
0
2
1
1
0
2
5
1
0
2
5
1
0
2
0
1
0
2
6
1
0
2
4
1
0
2
6
2
0
2
5
1
0
2
8
1
0
2
3
1
0
2
3
2
0
2
3
2
0
2
D
T
L
S
E
R
O
T
S
S
Y
E
B
O
S
S
E
I
R
E
C
O
R
G
C
R
E
P
U
S
U
E
I
L
E
H
C
I
R
O
R
T
E
M
E
T
T
E
V
R
O
K
S
’
N
I
S
A
G
A
M
E
E
T
L
T
N
E
M
E
L
C
K
C
I
R
B
E
H
T
Y
S
S
O
R
T
R
A
M
G
U
R
D
S
R
E
P
P
O
H
S
T
E
N
U
R
B
E
I
C
A
M
R
A
H
P
K
R
O
W
S
’
K
R
A
M
E
S
U
O
H
R
A
E
W
S
’
D
L
A
N
O
D
C
M
S
R
A
E
S
4
9
0
2
4
2
0
2
6
4
0
2
4
9
0
2
0
1
0
2
6
5
0
2
6
4
0
2
3
1
0
2
4
2
0
2
2
2
0
2
2
4
0
2
O
R
T
E
M
5
3
0
2
4
1
0
2
4
1
0
2
1
2
0
2
4
1
0
2
0
1
0
2
0
1
0
2
6
2
0
2
1
2
0
2
3
1
0
2
4
1
0
2
2
1
0
2
2
2
0
2
5
1
0
2
D
L
R
O
W
N
O
I
T
A
D
I
U
Q
I
L
6
2
0
2
1
1
0
2
E
G
A
L
L
I
V
E
U
L
A
V
7
3
0
2
2
2
0
2
T
R
A
M
G
U
R
D
S
’
R
E
P
P
O
H
S
E
R
I
T
N
A
I
D
A
N
A
C
S
E
R
O
T
S
T
R
A
H
S
R
E
L
L
E
Z
S
E
R
O
T
S
T
R
A
H
O
G
I
V
O
R
P
S
R
E
L
L
E
Z
)
O
G
I
V
O
R
P
(
I
X
A
M
)
O
G
I
V
O
R
P
(
I
X
A
M
E
R
I
T
N
A
I
D
A
N
A
C
S
R
E
L
L
E
Z
O
G
I
V
O
R
P
A
G
I
3
.
5
9
6
.
0
9
7
.
6
9
8
.
8
9
3
.
5
8
3
.
5
8
7
.
4
6
S
R
E
L
L
E
Z
0
.
0
0
1
t
n
e
c
r
e
P
d
e
s
a
e
L
)
1
(
0
.
0
0
1
0
.
0
0
1
7
.
2
9
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
0
.
0
0
1
2
.
6
9
4
.
7
9
4
.
7
9
9
.
3
9
0
.
2
9
3
.
9
9
a
e
r
A
e
l
b
a
s
a
e
L
a
e
r
A
d
n
a
L
/
t
s
e
r
e
t
n
I
p
i
h
s
r
e
n
w
O
d
e
p
o
l
e
v
e
D
r
a
e
Y
)
.
t
F
.
q
S
(
)
s
e
r
c
A
(
)
2
(
)
n
o
i
t
a
r
i
p
x
E
(
d
e
r
i
u
q
c
A
r
o
n
o
i
t
a
c
o
L
7
8
2
,
2
1
5
6
2
,
1
1
4
3
9
,
8
3
8
1
4
,
5
5
9
5
,
3
3
4
6
,
9
8
2
1
,
0
4
4
7
2
,
5
5
9
4
,
6
4
2
2
8
,
1
2
3
3
3
5
,
6
1
1
2
6
6
,
2
4
1
8
8
7
,
7
4
2
2
2
4
,
7
1
1
8
0
4
,
7
3
7
3
2
,
3
7
5
4
1
5
,
6
2
1
3
1
8
,
7
2
2
5
0
7
,
2
5
1
9
3
,
2
8
4
0
1
,
9
6
4
0
1
,
9
6
8
5
3
,
3
7
3
1
.
1
2
.
0
0
.
3
3
.
0
2
.
0
6
.
0
4
.
5
6
.
0
0
.
0
1
1
.
6
3
1
.
0
2
2
.
5
1
2
.
5
2
2
.
9
2
.
3
0
.
2
3
2
7
.
3
5
.
3
1
7
.
4
0
.
6
6
.
6
4
.
2
8
.
0
3
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
E
R
U
T
N
E
V
T
N
I
O
J
7
0
0
2
7
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
5
0
0
2
6
0
0
2
5
0
0
2
5
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
4
0
0
2
6
0
0
2
6
0
0
2
6
0
0
2
4
0
0
2
4
0
0
2
6
0
0
2
7
0
0
2
5
0
0
2
5
0
0
2
8
0
0
2
I
S
E
N
R
E
H
T
A
C
.
T
S
I
S
E
N
R
E
H
T
A
C
.
T
S
S
A
M
O
H
T
.
T
S
Y
R
U
B
D
U
S
Y
R
U
B
D
U
S
O
O
L
R
E
T
A
W
)
1
1
(
O
O
L
R
E
T
A
W
A
W
A
T
T
O
A
W
A
T
T
O
N
O
I
T
A
T
S
R
E
I
R
U
A
L
)
1
1
(
L
A
E
R
T
N
O
M
L
A
V
R
E
B
O
R
Y
A
N
E
U
G
A
S
R
E
L
D
N
A
H
C
E
P
S
A
G
E
R
E
I
U
Q
N
O
J
E
I
A
B
L
A
M
A
L
A
M
L
A
C
E
B
E
U
Q
S
E
R
U
A
M
S
E
D
-
E
D
N
I
T
S
U
G
U
A
-
.
T
S
E
H
C
A
T
S
U
E
.
E
T
S
E
H
C
A
T
S
U
E
.
E
T
S
E
M
O
R
E
J
.
T
S
I
E
L
L
I
V
A
R
O
T
C
V
I
.
s
t
c
e
j
o
r
p
t
n
e
m
p
o
l
e
v
e
d
p
u
-
d
n
u
o
r
g
y
t
i
u
q
e
d
e
r
r
e
f
e
r
p
e
h
t
o
t
d
e
t
a
l
e
r
a
e
r
a
e
l
b
a
e
s
a
e
l
d
e
t
c
e
j
o
r
p
f
o
t
e
e
f
e
r
a
u
q
s
n
o
i
l
l
i
m
0
.
1
d
n
a
t
e
e
f
e
r
a
u
q
s
n
o
i
l
l
i
m
3
.
2
h
t
i
w
s
e
i
t
r
e
p
o
r
p
d
e
s
a
e
l
t
e
n
2
0
4
,
t
e
e
f
e
r
a
u
q
s
n
o
i
l
l
i
m
5
.
2
f
o
g
n
i
t
s
i
s
n
o
c
s
e
i
t
r
e
p
o
r
p
k
r
i
k
w
e
N
9
4
e
d
u
l
c
n
i
t
o
n
s
e
o
D
.
a
e
r
a
e
l
b
a
e
s
a
e
l
d
e
t
e
l
p
m
o
c
e
h
t
s
t
n
e
s
e
r
p
e
r
n
w
o
h
s
e
g
a
t
o
o
f
e
r
a
u
q
s
e
h
T
.
n
o
i
t
a
z
i
l
i
b
a
t
s
g
n
i
t
i
a
w
a
s
t
c
e
j
o
r
p
d
e
t
e
l
p
m
o
c
d
n
a
n
o
i
t
c
u
r
t
s
n
o
c
r
e
d
n
u
y
l
t
n
e
r
r
u
c
e
r
a
t
a
h
t
s
e
i
t
r
e
p
o
r
p
s
e
d
u
l
c
n
i
s
i
h
T
.
t
c
e
j
o
r
p
t
n
e
m
p
o
l
e
v
e
d
p
u
-
d
n
u
o
r
g
s
e
t
o
n
e
D
.
s
r
e
t
n
e
c
g
n
i
p
p
o
h
s
y
t
i
n
u
m
m
o
c
d
n
a
d
o
o
h
r
o
b
h
g
i
e
n
n
i
s
e
s
i
m
e
r
p
e
r
o
t
s
r
o
h
c
n
a
e
h
t
o
t
d
e
t
a
l
e
r
s
e
s
a
e
l
e
r
o
t
s
l
i
a
t
e
r
6
1
n
i
s
t
s
e
r
e
t
n
i
s
d
l
o
h
y
n
a
p
m
o
c
e
h
T
.
t
c
e
j
o
r
p
t
n
e
m
p
o
l
e
v
e
d
e
r
s
e
t
o
n
e
D
.
s
d
o
i
r
e
p
l
a
w
e
n
e
r
l
l
a
o
t
t
c
e
f
f
a
g
n
i
v
i
g
r
e
t
f
a
e
s
a
e
l
d
n
u
o
r
g
y
n
a
f
o
e
t
a
d
n
o
i
t
a
r
i
p
x
e
e
h
t
s
i
d
e
t
a
c
i
d
n
i
e
t
a
d
e
h
T
.
s
r
e
n
t
r
a
p
e
r
u
t
n
e
v
t
n
i
o
j
e
r
o
m
r
o
e
n
o
h
t
i
w
n
o
i
t
c
n
u
j
n
o
c
n
i
y
t
r
e
p
o
r
p
e
h
t
s
n
w
o
y
n
a
p
m
o
c
e
h
t
t
a
h
t
s
e
t
a
c
i
d
n
i
”
e
r
u
t
n
e
v
t
n
i
o
j
“
m
r
e
t
e
h
T
.
9
0
0
2
,
1
3
r
e
b
m
e
c
e
D
f
o
s
a
n
o
i
t
a
m
r
o
f
n
i
d
e
s
a
e
l
t
n
e
c
r
e
P
.
)
”
P
O
R
K
“
(
o
i
l
o
f
t
r
o
P
y
t
i
n
u
t
r
o
p
p
O
l
i
a
t
e
R
o
c
m
K
n
i
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
.
s
m
a
r
g
o
r
p
l
a
n
o
i
t
u
t
i
t
s
n
i
r
e
h
t
o
n
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
s
e
r
u
t
n
e
v
t
n
i
o
j
s
u
r
e
h
t
o
n
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
n
e
i
l
i
b
o
m
m
I
b
e
S
n
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
.
)
”
R
I
K
“
(
T
I
E
R
e
m
o
c
n
I
i
o
c
m
K
n
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
.
u
r
p
m
K
n
i
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
.
I
d
n
u
F
e
m
o
c
n
I
i
o
c
m
K
n
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
.
S
B
U
n
i
t
s
e
r
e
t
n
i
y
t
r
e
p
o
r
p
s
e
t
o
n
e
D
)
1
(
)
2
(
)
3
(
)
4
(
)
5
(
)
6
(
)
7
(
)
8
(
)
9
(
)
0
1
(
)
1
1
(
)
2
1
(
)
3
1
(
)
4
1
(
6
.
2
9
4
9
8
,
4
6
4
,
1
—
D
L
O
H
E
S
A
E
L
7
9
9
1
/
5
9
9
1
8
.
5
8
3
5
3
,
8
0
3
,
9
0
.
0
0
1
0
0
5
,
1
3
1
,
9
2
.
3
1
2
2
.
9
0
2
E
R
U
T
N
E
V
T
N
I
O
J
5
0
0
2
S
U
O
I
R
A
V
S
U
O
I
R
A
V
0
.
0
0
1
1
6
9
,
6
7
2
,
2
2
.
2
5
S
U
O
I
R
A
V
S
U
O
I
R
A
V
)
S
E
I
T
I
C
S
U
O
R
A
V
I
(
O
I
L
O
F
T
R
O
P
I
A
L
I
A
T
E
R
N
O
N
-
S
T
E
S
S
A
9
5
2
E
R
O
T
S
L
I
A
T
E
R
)
3
1
(
S
E
S
A
E
L
Y
T
R
E
P
O
R
P
6
3
R
E
H
T
O
S
T
S
E
R
E
T
N
I
2
7
2
,
4
5
1
,
1
7
1
2
.
2
2
9
,
6
1
)
4
1
(
S
T
S
E
R
E
T
N
I
Y
T
R
E
P
O
R
P
4
6
4
1
L
A
T
O
T
D
N
A
R
G
7
5
3
,
7
0
4
,
1
1
4
.
3
6
4
,
1
S
T
S
E
R
E
T
N
I
Y
T
R
E
P
O
R
P
Y
T
I
U
Q
E
D
E
R
R
E
F
E
R
P
5
2
1
L
A
T
O
T
)
Y
L
N
O
S
T
E
S
S
A
L
I
A
T
E
R
(
S
T
N
E
M
T
S
E
V
N
I
T
N
E
M
E
T
A
T
S
E
L
A
E
R
R
E
H
T
O
43
EXECUTIVE OFFICERS OF THE REGISTRANT
The following table sets forth information with respect to the executive officers of the Company as of
February 26, 2010.
Name
Milton Cooper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Age
80
David B. Henry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
60
Position
Executive Chairman of the
Board of Directors
Chief Executive Officer,
President,
Vice Chairman of the
Board of Directors and
Chief Investment Officer
David Lukes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Michael V. Pappagallo . . . . . . . . . . . . . . . . . . . . . . . .
40
50
Executive Vice President -
Chief Operating Officer
Chief Administrative Officer
Executive Vice President -
Chief Financial Officer
Glenn G. Cohen . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
46
Senior Vice President -
Chief Accounting Officer
and Treasurer
Since
1991
2009
2008
2001
2008
2008
2005
1997
2008
1997
The executive officers of the Company serve in their respective capacities for approximately one-year terms and are
subject to re-election by the Board of Directors, generally at the time of the Annual Meeting of the Board of Directors
following the Annual Meeting of Stockholders.
44
PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
MARKET INFORMATION
The following sets forth the common stock offerings completed by the Company during the three-year period ended
December 31, 2009. The Company’s common stock (“Common Stock”) was sold for cash at the following offering price
per share:
Offering Date
Offering Price
September 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
December 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$37.10
$ 7.10
$12.50
The table below sets forth, for the quarterly periods indicated, the high and low sales prices per share reported on
the NYSE Composite Tape and declared dividends per share for the Company’s common stock. The Company’s common
stock is traded on the NYSE under the trading symbol “KIM”.
Stock Price
Period
High
Low
Dividends
2008:
First Quarter . . . . . . . . . . . . . . . . . . . . . . .
Second Quarter . . . . . . . . . . . . . . . . . . . . .
Third Quarter . . . . . . . . . . . . . . . . . . . . . .
Fourth Quarter . . . . . . . . . . . . . . . . . . . . .
2009:
First Quarter . . . . . . . . . . . . . . . . . . . . . . .
Second Quarter . . . . . . . . . . . . . . . . . . . . .
Third Quarter . . . . . . . . . . . . . . . . . . . . . .
Fourth Quarter . . . . . . . . . . . . . . . . . . . . . .
$40.18
$42.30
$47.80
$37.06
$20.90
$12.98
$15.87
$ 14.22
$29.00
$34.20
$29.54
$ 9.56
$ 6.33
$ 7.03
$ 8.16
$11.54
$0.40
$0.40
$0.44
$0.44 (a)
$0.44
$0.06
$0.06
$ 0.16 (b)
(a) Paid on January 15, 2009, to stockholders of record on January 2, 2009.
(b) Paid on January 15, 2010, to stockholders of record on January 4, 2010.
HOLDERS
The number of holders of record of the Company’s common stock, par value $0.01 per share, was 3,342 as of
January 31, 2010.
DIVIDENDS
Since the IPO, the Company has paid regular quarterly dividends to its stockholders. While the Company intends
to continue paying regular quarterly dividends, future dividend declarations will be at the discretion of the Board of
Directors and will depend on the actual cash flow of the Company, its financial condition, capital requirements, the annual
distribution requirements under the REIT provisions of the Code and such other factors as the Board of Directors deems
relevant. The Company’s Board of Directors will continue to evaluate the Company’s dividend policy on a quarterly basis
as they monitor sources of capital and evaluate the impact of the economy on operating fundamentals. The Company is
required by the Internal Revenue Code of 1986, as amended, to distribute at least 90% of its REIT taxable income. The
actual cash flow available to pay dividends will be affected by a number of factors, including the revenues received from
rental properties, the operating expenses of the Company, the interest expense on its borrowings, the ability of lessees to
meet their obligations to the Company, the ability to refinance near-term debt maturities and any unanticipated capital
expenditures.
The Company has determined that the $1.00 dividend per common share paid during 2009 represented 72%
ordinary income and a 28% return of capital to its stockholders. The $1.64 dividend per common share paid during 2008
represented 69% ordinary income, 19% in capital gains and a 12% return of capital to its stockholders.
45
In addition to its Common Stock offerings, the Company has capitalized the growth in its business through the
issuance of unsecured fixed and floating-rate medium-term notes, underwritten bonds, mortgage debt and construction
loans, convertible preferred stock and perpetual preferred stock. Borrowings under the Company’s revolving credit
facilities have also been an interim source of funds to both finance the purchase of properties and other investments and
meet any short-term working capital requirements. The various instruments governing the Company’s issuance of its
unsecured public debt, bank debt, mortgage debt and preferred stock impose certain restrictions on the Company with
regard to dividends, voting, liquidation and other preferential rights available to the holders of such instruments. See
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Notes 11 and 17 of the
Notes to Consolidated Financial Statements included in this annual report on Form 10-K.
The Company does not believe that the preferential rights available to the holders of its Class F Preferred Stock and
Class G Preferred Stock, the financial covenants contained in its public bond indentures, as amended, or its revolving
credit agreements will have an adverse impact on the Company’s ability to pay dividends in the normal course to its
common stockholders or to distribute amounts necessary to maintain its qualification as a REIT.
The Company maintains a dividend reinvestment and direct stock purchase plan (the “Plan”) pursuant to which
common and preferred stockholders and other interested investors may elect to automatically reinvest their dividends to
purchase shares of the Company’s common stock or, through optional cash payments, purchase shares of the Company’s
common stock. The Company may, from time-to-time, either (i) purchase shares of its common stock in the open market
or (ii) issue new shares of its common stock for the purpose of fulfilling its obligations under the Plan.
TOTAL STOCKHOLDER RETURN PERFORMANCE
The following performance chart compares, over the five years ended December 31, 2009, the cumulative total
stockholder return on the Company’s common stock with the cumulative total return of the S&P 500 Index and the
cumulative total return of the NAREIT Equity REIT Total Return Index (the “NAREIT Equity Index”) prepared and
published by the National Association of Real Estate Investment Trusts (“NAREIT”). Equity real estate investment
trusts are defined as those which derive more than 75% of their income from equity investments in real estate assets.
The NAREIT Equity Index includes all tax qualified equity real estate investment trusts listed on the New York Stock
Exchange, American Stock Exchange or the NASDAQ National Market System. Stockholder return performance, presented
quarterly for the five years ended December 31, 2009, is not necessarily indicative of future results. All stockholder return
performance assumes the reinvestment of dividends. The information in this paragraph and the following performance
chart are deemed to be furnished, not filed.
Historical Total Return Analysis
(December 2004 to December 2009)
350
300
250
200
150
100
50
)
0
0
1
=
2
0
0
2
r
e
b
m
e
c
e
D
(
A
R
T
d
e
x
e
d
n
I
0
D e c-04
S&P: 2.11%
NAREIT: 1.80%
KIM: -40.12%
M ar-0 5
Ju n-0 5
S e p-05
D e c-05
M ar-0 6
Ju n-0 6
S e p-06
D e c-06
M ar-0 7
Ju n-0 7
S e p-07
D e c-07
M ar-0 8
Ju n-0 8
S e p-08
D e c-08
M ar-0 9
Ju n-0 9
S e p-09
D e c-09
Source: NAREIT
Kimco
S&P 500
NAREIT Equity
46
ITEM 6. SELECTED FINANCIAL DATA
The following table sets forth selected, historical, consolidated financial data for the Company and should be read in
conjunction with the Consolidated Financial Statements of the Company and Notes thereto and Management’s Discussion
and Analysis of Financial Condition and Results of Operations included in this annual report on Form 10-K.
The Company believes that the book value of its real estate assets, which reflects the historical costs of such real
estate assets less accumulated depreciation, is not indicative of the current market value of its properties. Historical
operating results are not necessarily indicative of future operating performance.
Operating Data:
Revenues from rental property (1). . . . . . . . . . . . . . . .
Interest expense (3) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization (3). . . . . . . . . . . . . . . .
Gain on sale of development properties . . . . . . . . . . .
Gain on transfer/sale of operating properties,
net (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Benefit for income taxes (4) . . . . . . . . . . . . . . . . . . . .
Provision for income taxes (5). . . . . . . . . . . . . . . . . . .
Impairment charges (6) . . . . . . . . . . . . . . . . . . . . . . . .
(Loss)/income from continuing operations (7) . . . . . .
(Loss)/income per common share, from
continuing operations:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Weighted average number of shares of
common stock:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash dividends declared per common share . . . . . . . .
Year ended December 31, (2)
2009
2008
2007
2006
2005
(in thousands, except per share information)
$ 786,887
$ 209,879
$ 227,729
5,751
$
$
3,867
$ 36,388
—
$
$ 175,087
$ (4,050)
$ 758,704
$ 212,591
$206,002
$ 36,565
$
1,782
$ 12,974
—
$
$ 147,529
$ 225,186
$ 674,534
$ 213,086
$ 190,116
$ 40,099
$
2,708
$ 30,346
—
$
$ 13,796
$ 358,991
$ 580,551
$ 170,079
$ 140,573
$ 37,276
$ 2,460
$
—
$ 17,253
$
—
$342,790
$494,467
$125,825
$ 102,519
$ 33,636
2,833
$
$
—
$ 10,989
$
—
$ 321,646
$
$
(0.15)
(0.15)
$
$
0.69
0.69
$
$
1.35
1.32
$
$
1.38
1.35
$
$
1.37
1.34
350,077
350,077
0.72
$
257,811
258,843
1.68
$
252,129
257,058
1.52
$
239,552
244,615
1.38
$
226,641
230,868
1.27
$
2009
2008
December 31,
2007
2006
2005
Balance Sheet Data:
Real estate, before accumulated
depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,882,341
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,162,205
Total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,434,383
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . $ 4,852,973
7,818,916
9,397,147
4,556,646
3,983,698
7,325,035
9,097,816
4,216,415
3,894,225
6,001,319
7,869,280
3,587,243
3,366,826
4,560,406
5,534,636
2,691,196
2,387,214
Cash flow provided by operations . . . . . . . . . . . . . . . $
403,582
Cash flow used for investing activities . . . . . . . . . . . $ (343,236)
Cash flow provided by (used for) financing
567,599
(781,350)
665,989
(1,507,611)
455,569
(246,221)
410,797
(716,015)
activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
(74,465)
262,429
584,056
59,444
343,271
(1) Does not include (i) revenues from rental property relating to unconsolidated joint ventures, (ii) revenues relating to
the investment in retail stores leases and (iii) revenues from properties included in discontinued operations.
(2) All years have been adjusted to reflect the impact of operating properties sold during the years ended December 31,
2009, 2008, 2007, 2006 and 2005 and properties classified as held for sale as of December 31, 2009, which are
reflected in discontinued operations in the Consolidated Statements of Operations.
(3) Does not include amounts reflected in discontinued operations.
47
(4) Does not include amounts reflected in discontinued operations and extraordinary gain. Amounts include income
taxes related to gain on transfer/sale of operating properties.
(5) Amounts include income taxes related to gain on transfer/sale of operating properties.
(6) Amounts exclude noncontrolling interest
(7) Amounts include gain on transfer/sale of operating properties, net of tax and net income attributable to noncontrolling
interests.
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes
thereto included in this annual report on Form 10-K. Historical results and percentage relationships set forth in the
Consolidated Statements of Operations contained in the Consolidated Financial Statements, including trends which might
appear, should not be taken as indicative of future operations.
EXECUTIVE SUMMARY
Kimco Realty Corporation is one of the nation’s largest publicly-traded owners and operators of neighborhood
and community shopping centers. As of December 31, 2009, the Company had interests in 1915 properties, totaling
approximately 176.9 million square feet of GLA located in 45 states, Puerto Rico, Canada, Mexico, Chile, Brazil and
Peru.
The Company is self-administered and self-managed through present management, which has owned and managed
neighborhood and community shopping centers for over 50 years. The executive officers are engaged in the day-to-day
management and operation of real estate exclusively with the Company, with nearly all operating functions, including
leasing, asset management, maintenance, construction, legal, finance and accounting, administered by the Company.
The Company’s vision is to be the premier owner and operator of retail shopping centers with its core business
operations focusing on owning and operating neighborhood and community shopping centers through equity investments
in North America. This vision will entail a shift away from certain non-strategic assets that the Company currently
holds. These investments include non-retail preferred equity investments, marketable securities, mortgages on non-
retail properties and several urban mixed-use properties. The Company’s plan is to sell certain non-strategic assets and
investments. The Company realizes that the sale of these assets will be over a period of time given the current unfavorable
market conditions. In order to execute the Company’s vision, the Company’s strategy is to continue to strengthen its
balance sheet by pursuing deleveraging efforts, providing it the necessary flexibility to invest opportunistically and
selectively, primarily focusing on neighborhood and community shopping centers. In addition, the Company continues to
be dedicated to building its institutional management business by forming joint ventures with high quality domestic and
foreign institutional partners for the purpose of investing in neighborhood and community shopping centers.
The Company continually evaluates its debt maturities, and, based on management’s current assessment, believes
it has viable financing and refinancing alternatives that will not materially adversely impact its expected financial
results. Although the credit environment remains volatile, the Company continues to pursue opportunities with large
commercial U.S. and global banks, select life insurance companies and certain regional and local banks. The Company
has noticed a trend that the approval process from mortgage lenders has slowed, while pricing and loan-to-value ratios
remain dependent on specific deal terms, in general, spreads are higher and loan-to-values are lower, but the lenders are
continuing to complete financing agreements. During the second half of 2009, the unsecured public debt markets became
accessible for certain REITs and the Company successfully issued $300.0 million 6.875% 10-year unsecured Senior
Notes. Moreover, the Company continues to assess 2010 and beyond to ensure the Company is prepared if the current
credit market dislocation continues.
The retail shopping sector has been negatively affected by recent economic conditions. These conditions have
forced some weaker retailers, in some cases, to declare bankruptcy and/or close stores. Certain retailers have announced
store closings even though they have not filed for bankruptcy protection. However, any of these particular store closings
affecting the Company often represent a small percentage of the Company’s overall gross leasable area and the Company
does not currently expect store closings to have a material adverse effect on the Company’s overall performance.
48
The decline in market conditions has also had a negative effect on real estate transactional activity as it relates to the
acquisition and sale of real estate assets. The Company believes that the lack of real estate transactions will most likely
continue throughout 2010 which may curtail the Company’s growth in the near term.
During 2009, the Company recognized non-cash impairment charges of approximately $175.1 million, before
income taxes and noncontrolling interest, relating to adjustments to property carrying values, investments in real estate
joint ventures, real estate under development and other real estate investments. Ongoing adverse market and economic
conditions could cause us to recognize additional impairments in the future.
CRITICAL ACCOUNTING POLICIES
The Consolidated Financial Statements of the Company include the accounts of the Company, its wholly-owned
subsidiaries and all entities in which the Company has a controlling interest, including where the Company has been
determined to be a primary beneficiary of a variable interest entity in accordance with the Consolidation guidance of the
Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). The Company applies
these provisions to each of its joint venture investments to determine whether the cost, equity or consolidation method
of accounting is appropriate. The preparation of financial statements in conformity with accounting principles generally
accepted in the United States requires management to make estimates and assumptions in certain circumstances that
affect amounts reported in the accompanying Consolidated Financial Statements and related notes. In preparing these
financial statements, management has made its best estimates and assumptions that affect the reported amounts of assets
and liabilities. These estimates are based on, but not limited to, historical results, industry standards and current economic
conditions, giving due consideration to materiality. The most significant assumptions and estimates relate to revenue
recognition and the recoverability of trade accounts receivable, depreciable lives, valuation of real estate and intangible
assets and liabilities, valuation of joint venture investments, marketable securities and other investments and realizability
of deferred tax assets. Application of these assumptions requires the exercise of judgment as to future uncertainties, and,
as a result, actual results could materially differ from these estimates.
The Company is required to make subjective assessments as to whether there are impairments in the value of its real
estate properties, investments in joint ventures, marketable securities and other investments. The Company’s reported net
earnings is directly affected by management’s estimate of impairments and/or valuation allowances.
Revenue Recognition and Accounts Receivable
Base rental revenues from rental property are recognized on a straight-line basis over the terms of the related leases.
Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These
percentage rents are recorded once the required sales level is achieved. Operating expense reimbursements are recognized
as earned. Rental income may also include payments received in connection with lease termination agreements. In
addition, leases typically provide for reimbursement to the Company of common area maintenance, real estate taxes and
other operating expenses.
The Company makes estimates of the uncollectability of its accounts receivable related to base rents, expense
reimbursements and other revenues. The Company analyzes accounts receivable and historical bad debt levels, customer
credit-worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In
addition, tenants in bankruptcy are analyzed and estimates are made in connection with the expected recovery of pre-
petition and post-petition claims. The Company’s reported net earnings is directly affected by management’s estimate of
the collectability of accounts receivable.
Real Estate
The Company’s investments in real estate properties are stated at cost, less accumulated depreciation and
amortization. Expenditures for maintenance and repairs are charged to operations as incurred. Significant renovations
and replacements, which improve and extend the life of the asset, are capitalized.
Upon acquisition of real estate operating properties, the Company estimates the fair value of acquired tangible
assets (consisting of land, building, building improvements and tenant improvements) and identified intangible assets
and liabilities (consisting of above and below-market leases, in-place leases and tenant relationships), assumed debt and
redeemable units issued at the date of acquisition, based on evaluation of information and estimates available at that date.
Based on these estimates, the Company allocates the estimated fair value to the applicable assets and liabilities. Fair
value is determined based on an exit price approach, which contemplates the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If, up to one
49
year from the acquisition date, information regarding fair value of the assets acquired and liabilities assumed is received
and estimates are refined, appropriate adjustments are made to the purchase price allocation on a retrospective basis. The
Company expenses transaction costs associated with business combinations in the period incurred.
Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets,
as follows:
Buildings and building improvements
Fixtures, leasehold and tenant improvements
(including certain identified intangible assets)
15 to 50 years
Terms of leases or useful
lives, whichever is shorter
The Company is required to make subjective assessments as to the useful lives of its properties for purposes of
determining the amount of depreciation to reflect on an annual basis with respect to those properties. These assessments
have a direct impact on the Company’s net earnings.
Real estate under development on the Company’s Consolidated Balance Sheets represents ground-up development
of neighborhood and community shopping center projects which may be subsequently sold upon completion or which
the Company may hold as long-term investments. These assets are carried at cost. The cost of land and buildings under
development includes specifically identifiable costs. The capitalized costs include pre-construction costs essential to the
development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related
costs of personnel directly involved and other costs incurred during the period of development. The Company ceases cost
capitalization when the property is held available for occupancy upon substantial completion of tenant improvements, but
no later than one year from the completion of major construction activity. A gain on the sale of these assets is generally
recognized using the full accrual method in accordance with the provisions of the FASB’s real estate sales guidance.
On a continuous basis, management assesses whether there are any indicators, including property operating
performance and general market conditions, that the value of the real estate properties (including any related amortizable
intangible assets or liabilities) may be impaired. A property value is considered impaired only if management’s estimate of
current and projected operating cash flows (undiscounted and without interest charges) of the property over its remaining
useful life is less than the net carrying value of the property. Such cash flow projections consider factors such as expected
future operating income, trends and prospects, as well as the effects of demand, competition and other factors. To the
extent impairment has occurred, the carrying value of the property would be adjusted to an amount to reflect the estimated
fair value of the property.
When a real estate asset is identified by management as held-for-sale, the Company ceases depreciation of the asset
and estimates the sales price of such asset net of selling costs. If, in management’s opinion, the net sales price of the asset
is less than the net book value of such asset, an adjustment to the carrying value would be recorded to reflect the estimated
fair value of the property.
Investments in Unconsolidated Joint Ventures
The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting
as the Company exercises significant influence, but does not control, these entities. These investments are recorded
initially at cost and are subsequently adjusted for cash contributions and distributions. Earnings for each investment are
recognized in accordance with each respective investment agreement and, where applicable, are based upon an allocation
of the investment’s net assets at book value as if the investment was hypothetically liquidated at the end of each reporting
period.
The Company’s joint ventures and other real estate investments primarily consist of co-investments with institutional
and other joint venture partners in neighborhood and community shopping center properties, consistent with its core
business. These joint ventures typically obtain non-recourse third-party financing on their property investments, thus
contractually limiting the Company’s exposure to losses to the amount of its equity investment, and, due to the lender’s
exposure to losses, a lender typically will require a minimum level of equity in order to mitigate its risk. The Company’s
exposure to losses associated with its unconsolidated joint ventures is primarily limited to its carrying value in these
investments. The Company, on a selective basis, obtains unsecured financing for certain joint ventures. These unsecured
financings are guaranteed by the Company with guarantees from the joint venture partners for their proportionate
amounts of any guaranty payment the Company is obligated to make.
On a continuous basis, management assesses whether there are any indicators, including property operating
performance and general market conditions, that the value of the Company’s investments in unconsolidated joint ventures
may be impaired. An investment’s value is impaired only if management’s estimate of the fair value of the investment is
50
less than the carrying value of the investment and such difference is deemed to be other-than-temporary. To the extent
impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the
estimated fair value of the investment.
The Company’s estimated fair values are based upon a discounted cash flow model for each specific property that
includes all estimated cash inflows and outflows over a specified holding period. Capitalization rates, discount rates and
credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of
current market rates for each respective property.
Marketable Securities
The Company classifies its existing marketable equity securities as available-for-sale in accordance with the FASB’s
Investments-Debt and Equity Securities guidance. These securities are carried at fair market value with unrealized gains
and losses reported in stockholders’ equity as a component of Accumulated other comprehensive income (“OCI”). Gains
or losses on securities sold are based on the specific identification method.
All debt securities are generally classified as held-to-maturity because the Company has the positive intent and
ability to hold the securities to maturity. Held-to–maturity securities are stated at amortized cost, adjusted for amortization
of premiums and accretion of discounts to maturity. Debt securities which contain conversion features are generally
classified as available-for-sale.
On a continuous basis, management assesses whether there are any indicators that the value of the Company’s
marketable securities may be impaired. A marketable security is impaired if the fair value of the security is less than the
carrying value of the security and such difference is deemed to be other-than-temporary. To the extent impairment has
occurred, the loss shall be measured as the excess of the carrying amount of the security over the estimated fair value in
the security.
Realizability of Deferred Tax Assets
The Company is subject to federal, state and local income taxes on the income from its TRS activities, which
include Kimco Realty Services (“KRS”), a wholly owned subsidiary of the Company and the consolidated entities of FNC
Realty Corporation (“FNC”) and Blue Ridge Real Estate Company/Big Boulder Corporation, (“Blue Ridge”).
The Company accounts for income taxes using the asset and liability method, which requires that deferred tax assets
and liabilities be recognized based on future tax consequences of temporary differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are
measured using enacted tax rates expected to apply in the years in which temporary differences are expected to be
recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in
the period when the changes are enacted.
A reduction of the carrying amounts of deferred tax assets by a valuation allowance is required, if based on the
evidence available, it is more likely than not (a likelihood of more than 50 percent) that some portion or all of the deferred
tax assets will not be realized. The valuation allowance should be sufficient to reduce the deferred tax asset to the amount
that is more likely than not to be realized.
The Company considers all available evidence, both positive and negative, to determine whether, based on the
weight of that evidence, a valuation allowance is needed. Information about an enterprise’s current financial position
and its results of operations for the current and preceding years is supplemented by all currently available information
about future years. Sometimes, however, historical information may not be as relevant (for example, if there has been a
significant, recent change in circumstances) and special attention is required.
Future realization of the tax benefit of an existing deductible temporary difference or carryforward ultimately
depends on the existence of sufficient taxable income of the appropriate character (for example, ordinary income or
capital gain) within the carryback or carryforward period available under the tax law. The following four possible sources
of taxable income may be available under the tax law to realize a tax benefit for deductible temporary differences and
carryforwards. These include (i) future reversals of existing taxable temporary differences, (ii) future taxable income
exclusive of reversing temporary differences and carryforwards, (iii) taxable income in prior carrybackyear(s) if carry
back is permitted under the relevant tax law and (iv) tax-planning strategies that would, if necessary, be implemented.
51
Evidence available about each of those possible sources of taxable income will vary for different tax jurisdictions
and, possibly, from year to year. To the extent evidence about one or more sources of taxable income is sufficient to
support a conclusion that a valuation allowance is not necessary, other sources need not be considered. Consideration
of each source is required, however, to determine the amount of the valuation allowance that is recognized for deferred
tax assets.
The Company must use judgment in considering the relative impact of negative and positive evidence. The weight
given to the potential effect of negative and positive evidence is commensurate with the extent to which it can be objectively
verified. The more negative evidence that exists (a) the more positive evidence is necessary and (b) the more difficult it is
to support a conclusion that a valuation allowance is not needed for some portion or all of the deferred tax asset.
As of December 31, 2009, the Company had net deferred tax assets of approximately $86.3 million. This net deferred
tax asset includes approximately $12.0 million for the tax effect of net operating losses, (“NOL”) after the impact of a
valuation allowance of $33.8 million, relating to FNC, a consolidated entity in which the Company has a 53% ownership
interest. The partial valuation allowance on the FNC deferred tax asset primarily results from current projected taxable
income, being more likely than not, insufficient to utilize the full amount of the deferred tax asset. The Company’s
remaining net deferred tax asset of approximately $74.3 million primarily relates to KRS and consists of (i) $13.8 million
in deferred tax liabilities, (ii) $9.8 million in NOL carryforwards that expire in 2029, (iii) $6.3 million in tax credit
carryforwards, $4.0 million of which expire in 2029 and $2.3 million that do not expire and (iv) $72.0 million primarily
relating to differences in GAAP book basis and tax basis of accounting for (i) real estate assets (ii) real estate joint
ventures, (iii) other real estate investments, and (iv) asset impairments charges that have been recorded for book purposes
but not yet recognized for tax purposes and (v) other miscellaneous deductible temporary differences.
As of December 31, 2009, the Company determined that no valuation allowance was needed against the $74.3
million net deferred tax asset within KRS. This determination was based upon the Company’s analysis of both positive
evidence, which includes future projected income for KRS and negative evidence, which consists of a three year
cumulative pretax book loss of approximately $23.0 million for KRS. The cumulative loss was primarily the result of
significant impairment charges taken by KRS during 2009 and 2008 of approximately $91.7 million and approximately
$82.2 million, respectively. KRS has a strong earnings history exclusive of the impairment charges. Since 2001, KRS
has produced substantial taxable income in each year through 2008. Over the prior three years (2006 through 2008) KRS
generated approximately $69.3 million of taxable income, before net operating loss carryovers.
To determine future projected income the Company scheduled KRS’s pre-tax book income and taxable income over
a twenty year period taking into account its continuing operations (“core earnings”). Core earnings consist of estimated
net operating income for properties currently in service and generating rental income from existing tenants. Major lease
turnover is not expected in these properties as these properties were generally constructed and leased within the past two
years. To allow the forecast to remain objective and verifiable, no income growth was forecasted for any other aspect
of KRS’s continuing business activities including its investment in the Albertson’s joint venture. The Company also
included future known events in its projected income forecast such as the maturity of certain mortgages and construction
loans which will significantly reduce the amount of interest expense incurred in future years. Additionally, the Company
has also committed to certain actions which will result in reducing leverage at KRS. With the Company’s change in its
merchant building strategy, future business operations at KRS will not support its current capital structure which consists
of approximately $564 million of intercompany loans the Company has made to KRS to fund its merchant building
operation. KRS incurred approximately $32.1 million of interest expense related to the intercompany financing during
2009. The Company will recapitalize a significant portion of the debt to reflect KRS’s ongoing business activities. The
twenty year taxable income estimate reduces intercompany interest in accordance with this plan.
The Company’s projection of KRS’s future taxable income, utilizing the assumptions above with respect to core
earnings and reductions in interest expense due to debt maturities and the Company’s recapitalization plans, generates
approximately $205.2 million in future taxable income which is sufficient to fully utilize KRS’s $74.3 million net deferred
tax asset. As a result of this analysis the Company has determined it is more likely than not that KRS’s net deferred tax
asset of $74.3 million will be realized and therefore, no valuation allowance is needed at December 31, 2009. If future
income projections do not occur as forecasted or the Company incurs additional impairment losses, the Company will
reevaluate the need for a valuation allowance.
52
RESULTS OF OPERATIONS
Revenues from rental property (1) . . . . . . . . . . . . . . .
Rental property expenses: (2)
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating and maintenance . . . . . . . . . . . . . . . . .
Depreciation and amortization (3) . . . . . . . . . . . . . . .
Increase/
2009
2008
(Decrease)
% change
(all amounts in millions)
$786.9
$ 758.7
$ 28.2
3.7%
$ 14.1
112.4
110.1
$236.6
$ 227.7
$ 13.4
98.0
104.7
$ 216.1
$206.0
$ 0.7
14.4
5.4
$ 20.5
$ 21.7
5.2%
14.7%
5.2%
9.5%
10.5%
(1) Revenues from rental property increased primarily from the combined effect of (i) the acquisition of operating
properties during 2008 and 2009, providing incremental revenues for the year ended December 31, 2009 of $29.3
million, as compared to the corresponding period in 2008 and (ii) the completion of certain development and
redevelopment projects and tenant buyouts providing incremental revenues of approximately $7.4 million, for the
year ended December 31, 2009, as compared to the corresponding period in 2008, which was partially offset by (iii)
a decrease in revenues of approximately $8.5 million for the year ended December 31, 2009, as compared to the
corresponding period in 2008, primarily resulting from the sale of certain properties during 2008 and 2009, and (iv)
an overall occupancy decrease from the consolidated shopping center portfolio from 93.1% at December 31, 2008
to 92.2% at December 31, 2009.
(2) Rental property expenses increased primarily due to (i) operating property acquisitions during 2008 and 2009, (ii)
the placement of certain development properties into service, which resulted in lower capitalization of carry costs,
and (iii) an increase in snow removal costs during 2009 as compared to 2008, partially offset by (iv) a decrease in
insurance costs during 2009 as compared to 2008 and (v) operating property dispositions during 2008 and 2009.
(3) Depreciation and amortization increased primarily due to (i) operating property acquisitions during 2008 and 2009,
(ii) the placement of certain development properties into service and (iii) tenant vacates, partially offset by operating
property dispositions during 2008 and 2009.
Mortgage and other financing income decreased $3.3 million to $15.0 million for the year ended December 31, 2009,
as compared to $18.3 million for the corresponding period in 2008. This decrease is primarily due to a decrease in interest
income during 2009 resulting from the repayment of certain mortgage receivables during 2009 and 2008.
Management and other fee income decreased approximately $5.2 million for the year ended December 31, 2009,
as compared to the corresponding period in 2008. This decrease is primarily due to a decrease in property management
fees of approximately $5.8 million for 2009, due to lower revenues attributable to lower occupancy and the sale of certain
properties during 2008 and 2009, partially offset by an increase in other transaction related fees of approximately $0.6
million recognized during 2009.
General and administrative expenses decreased approximately $6.1 million for the year ended December 31, 2009,
as compared to the corresponding period in 2008. This decrease is primarily due to a reduction in force during 2009 as a
result of implementing the Company’s core business strategy of focusing on owning and operating shopping centers and
a shift away from certain non-strategic assets along with a lack of transactional activity.
Interest, dividends and other investment income decreased approximately $23.0 million for the year ended
December 31, 2009, as compared to the corresponding period in 2008. This decrease is primarily due to (i) a decrease
in realized gains of approximately $8.2 million during 2009 resulting from the sale of certain marketable securities
during the corresponding period in 2008 as compared to 2009, and (ii) a decrease in interest and dividend income of
approximately $14.8 million during 2009, as compared to the corresponding period in 2008, primarily resulting from
the sale of investments in marketable securities and reductions in dividends declared from certain marketable securities
during 2009 and 2008.
Other expense, net decreased approximately $1.3 million to $0.9 million for the year ended December 31, 2009, as
compared to $2.2 million for the corresponding period in 2008. This decrease is primarily due to (i) the receipt of fewer
shares of Sears Holding Corp. common stock received as partial settlement of Kmart pre-petition claims during 2008,
53
(ii) an increase in foreign withholding taxes, partially offset by (iii) increased gains from land sales of approximately $5.9
million and (iv) an increase in the fair value of an embedded derivative instrument relating to the convertible option of
the Valad notes of approximately $9.8 million.
Interest expense decreased approximately $2.7 million for the year ended December 31, 2009, as compared to the
corresponding period in 2008. This decrease is due to lower outstanding levels of debt during the year ended December
31, 2009, as compared to 2008.
Income from other real estate investments decreased $50.4 million for the year ended December 31, 2009, as
compared to the corresponding period in 2008. This decrease is primarily due to (i) a decrease from the Company’s
Preferred Equity Program of approximately $36.4 million in contributed income during 2009, including a decrease of
approximately $22.1 million in profit participation earned from capital transactions during 2009 as compared to the
corresponding period in 2008 and (ii) a gain of approximately $7.2 million from the sale of the Company’s interest in a
real estate company located in Mexico during 2008.
During 2009, the Company sold, in separate transactions, five out-parcels, four land parcels and three ground
leases for aggregate proceeds of approximately $19.4 million. These transactions resulted in gains on sale of development
properties of approximately $5.8 million, before income taxes of $2.3 million.
During 2008, the Company sold, in separate transactions, (i) two completed merchant building projects, (ii) 21
out-parcels, (iii) a partial sale of one project and (iv) a partnership interest in one project for aggregate proceeds of
approximately $73.5 million and received approximately $4.1 million of proceeds from completed earn-out requirements
on three previously sold merchant building projects. These sales resulted in gains of approximately $21.9 million, after
income taxes of $14.6 million.
During 2009, the Company recognized non-cash impairment charges of approximately $175.1 million, before
income taxes and noncontrolling interest, relating to adjustments to property carrying values, investments in real estate
joint ventures, real estate under development and other real estate investments. The Company’s estimated fair values
relating to these impairment assessments were based upon discounted cash flow models that included all estimated cash
inflows and outflows over a specified holding period and where applicable, any estimated debt premiums. These cash
flows are comprised of unobservable inputs which include contractual rental revenues and forecasted rental revenues
and expenses based upon market conditions and expectations for growth. Capitalization rates and discount rates utilized
in these models were based upon observable rates that the Company believes to be within a reasonable range of current
market rates for the respective properties. Based on these inputs the Company determined that its valuation in these
investments was classified within Level 3 of the fair value hierarchy.
Approximately $30.1 million of the total non-cash impairment charges for the year ended December 31, 2009, were
due to the decline in value of certain marketable equity securities and other investments that were deemed to be other-
than-temporary.
For the year ended December 31, 2008, the Company recognized non-cash impairment charges of approximately
$145.8 million, before income tax benefit of approximately $31.1 million.
Approximately $118.4 million of the total non-cash impairment charges for the year ended December 31, 2008, were
due to the decline in value of certain marketable equity securities and other investments that were deemed to be other-
than-temporary.
The Company will continue to assess the value of all its assets on an on-going basis. Based on these assessments,
the Company may determine that a decline in value for one or more of its investments may be other-than-temporary or
permanent and would therefore write-down its cost basis accordingly.
Benefit for income taxes increased by $23.6 million for the year ended December 31, 2009, as compared to the
corresponding period in 2008. This change is primarily due to (i) a decrease in the tax provision expense of approximately
$13.2 million from equity income recognized in connection with the Albertson’s investment during the year ended
December 31, 2009, as compared to the corresponding period in 2008 and (ii) a decrease in the income tax provision
expense of approximately $12.3 million in connection with gains on sale of development properties during 2009 as
compared to 2008, partially offset by a decrease in income tax benefit of approximately $2.1 million related to impairments
taken during the year ended December 31, 2009 as compared to the corresponding period in 2008.
54
Equity in income of real estate joint ventures, net for the year ended December 31, 2009, was approximately $6.3
million as compared to $132.2 million for the corresponding period in 2008. This reduction of approximately $125.9
million is primarily the result of (i) an increase in the recognition of non-cash impairment charges against the carrying
value of the Company’s investment in unconsolidated joint ventures of approximately $27.5 million recorded during 2009,
as compared to the corresponding period in 2008, primarily due to an increase in impairments of approximately $23.9
million recognized by the KimPru joint ventures, (ii) the recognition of approximately $2.9 million of equity in income
from the Albertson’s joint venture during 2009, as compared to $63.9 million of equity in income recognized during
2008 resulting from the sale of 121 properties in the joint venture, (iii) a decrease in income related to the recognition of
approximately $11.0 million in income resulting from cash distributions received in excess of the Company’s carrying value
of its investment in various unconsolidated limited liability partnerships during the corresponding period in 2008, (iv) a
decrease in income of $11.8 million during 2009, from a joint venture which holds interests in extended stay residential
properties primarily due to overall decreases in occupancy, (v) a decrease in profit participation of approximately $9.1
million during 2009, as compared to the corresponding period in 2008, resulting from the sale/transfer of operating
properties from two joint venture investments, (vi) a decrease in income of approximately $4.5 million during 2009, from
a Canadian joint venture investment, primarily due to an overall decrease in occupancy and (vii) a decrease in occupancy
levels within certain real estate joint venture investments, partially offset by increased gains on sales of approximately
$5.1 million during the year ended December 31, 2009, resulting from the sale of operating properties during 2009, as
compared to 2008.
During 2009, the Company disposed of, in separate transactions, portions of six operating properties and one
land parcel for an aggregate sales price of approximately $28.9 million. These transactions resulted in the Company’s
recognition of an aggregate net gain of approximately $4.1 million, net of income tax of $0.2 million.
During 2008, the Company disposed of seven operating properties and a portion of four operating properties, in
separate transactions, for an aggregate sales price of approximately $73.0 million, which resulted in an aggregate gain of
approximately $20.0 million. In addition, the Company partially recognized deferred gains of approximately $1.2 million
on three properties relating to their transfer and partial sale in connection with the Kimco Income Fund II transaction
described below.
During 2008, the Company transferred three properties to a wholly-owned consolidated entity, Kimco Income
Fund II (“KIF II”), for $73.9 million, including $50.6 million in non-recourse mortgage debt. During 2008 the Company
sold a 26.4% non-controlling ownership interest in the entity to third parties for approximately $32.5 million, which
approximated the Company’s cost. The Company continues to consolidate this entity.
Additionally, during 2008, the Company disposed of an operating property for approximately $21.4 million.
The Company provided seller financing for approximately $3.6 million, which bears interest at 10% per annum and is
scheduled to mature on May 1, 2011. Due to the terms of this financing the Company has deferred its gain of $3.7 million
from this sale.
Additionally, during 2008, a consolidated joint venture in which the Company had a preferred equity investment
disposed of a property for a sales price of approximately $35.0 million. As a result of this capital transaction, the Company
received approximately $3.5 million of profit participation, before noncontrolling interest of approximately $1.1 million.
This profit participation has been recorded as income from other real estate investments and is reflected in Income from
discontinued operating properties in the Company’s Consolidated Statements of Operations.
Net loss attributable to the Company for 2009 was $3.9 million. Net income attributable to the Company for 2008
was $249.9 million. On a diluted per share basis, net loss attributable to the Company was $0.15 for 2009, as compared to
net income of $0.78 for 2008. These changes are primarily attributable to (i) an increase in non-cash impairment charges
of approximately $57.8 million, net of income taxes and noncontrolling interests, resulting from continuing declines in
the real estate markets and equity securities, (ii) a reduction in Income from other real estate investments, primarily due
to a decrease in profit participation from the Company’s Preferred Equity program, (iii) a decrease in equity in income of
joint ventures, primarily due to a decrease in income from the Albertson’s investment and impairment charges relating to
five joint venture investments, and (iv) lower gains on sales of development properties, partially offset by (v) an increase
in revenues from rental properties primarily due to acquisitions of operating properties during 2009 and 2008.
55
Comparison 2008 to 2007
Revenues from rental property (1) . . . . . . . . . . . . . . .
Rental property expenses: (2)
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Real estate taxes . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating and maintenance . . . . . . . . . . . . . . . . .
Depreciation and amortization (3) . . . . . . . . . . . . . . .
Increase/
2008
2007
(Decrease)
% change
(all amounts in millions)
$ 758.7
$674.5
$84.2
12.5%
$ 13.4
98.0
104.7
$ 216.1
$206.0
$ 12.1
82.5
89.1
$ 183.7
$190.1
$ 1.3
15.5
15.6
$ 32.4
$ 15.9
10.7%
18.8%
17.5%
17.6%
8.4%
(1) Revenues from rental property increased primarily from the combined effect of (i) the acquisition of operating
properties during 2008 and 2007, providing incremental revenues of approximately $54.2 million, (ii) the
completion of certain development and redevelopment projects and tenant buyouts providing incremental revenues
of approximately $34.1 million for the year ended 2008 as compared to the corresponding period in 2007, partially
offset by (iii) a decrease in revenues of approximately $4.1 million for the year ended December 31, 2008, as
compared to the corresponding period in 2007, primarily resulting from the transfer of operating properties to
various unconsolidated joint venture entities and the sale of certain properties during 2008 and 2007 and (iv) an
overall occupancy decrease from the consolidated shopping center portfolio from 95.9% at December 31, 2007, to
93.1% at December 31, 2008.
(2) Rental property expenses increased primarily due to operating property acquisitions during 2008 and 2007
which were partially offset by operating property dispositions including those transferred to various joint venture
entities.
(3) Depreciation and amortization increased primarily due to operating property acquisitions during 2008 and 2007
which were partially offset by operating property dispositions including those transferred to various joint venture
entities.
Mortgage and other financing income increased $4.1 million to $18.3 million for the year ended December 31, 2008,
as compared to $14.2 million for the corresponding period in 2007. This increase is primarily due to an increase in interest
income from new mortgage receivables entered into during 2008 and 2007.
Management and other fee income decreased approximately $7.2 million for the year ended December 31, 2008, as
compared to the corresponding period in 2007. This decrease is primarily due to a decrease in other transaction related
fees of approximately $9.1 million, recognized during the year ended December 31, 2007, partially offset by an increase
in property management fees of approximately $1.9 million for the year ended December 31, 2008.
General and administrative expenses increased approximately $14.4 million for the year ended December 31, 2008,
as compared to the corresponding period in 2007. This increase is primarily due to personnel-related costs, primarily due
to the growth within the Company’s co-investment programs and the overall continued growth of the Company during
2008 and 2007. In addition, due to current economic conditions resulting in the lack of transactional activity within the
real estate industry as a whole, the Company has accrued approximately $3.6 million at December 31, 2008, relating to
severance costs associated with employees who have been terminated during January 2009.
Interest, dividends and other investment income increased approximately $19.9 million for the year ended
December 31, 2008, as compared to the corresponding period in 2007. This increase is primarily due to (i) an increase
in realized gains of approximately $2.5 million resulting from the sale of certain marketable securities during 2008 as
compared to the corresponding period in 2007, (ii) an increase in interest income of approximately $16.1 million, primarily
resulting from interest earned on notes acquired in 2008 and (iii) an increase in dividend income of approximately $1.2
million primarily resulting from increased investments in marketable securities during 2008.
Other expense, net decreased approximately $8.3 million to $2.2 million for the year ended December 31, 2008,
as compared to $10.6 million for the corresponding period in 2007. This decrease is primarily due to (i) a reduction in
Canadian withholding tax expense relating to a 2007 capital transaction from a Canadian preferred equity investment,
partially offset by (ii) the receipt of fewer shares during 2008 as compared to 2007 of Sears Holding Corp. common stock
received as partial settlement of Kmart pre-petition claims and (iii) the recognition of a $7.7 million unrealized decrease
in the fair value of an embedded derivative instrument relating to the convertible option of certain debt securities.
56
Income from other real estate investments increased $8.1 million for the year ended December 31, 2008, as compared
to the corresponding period in 2007. This increase is primarily due to a gain of approximately $7.2 million during the year
ended December 31, 2008, from the sale of the Company’s interest in a real estate company located in Mexico.
During 2008, the Company sold, in separate transactions, (i) two completed merchant building projects, (ii) 21
out-parcels, (iii) a partial sale of one project and (iv) a partnership interest in one project for aggregate proceeds of
approximately $73.5 million and received approximately $4.1 million of proceeds from completed earn-out requirements
on three previously sold merchant building projects. These sales resulted in gains of approximately $36.5 million, before
income taxes of $14.6 million.
During 2007, the Company sold, in separate transactions, (i) four completed merchant building projects, (ii) 26 out-
parcels, (iii) 74.3 acres of undeveloped land and (iv) completed partial sales of two projects, for aggregate total proceeds
of approximately $310.5 million and approximately $3.3 million of proceeds from completed earn-out requirements on
previously sold projects. These transactions resulted in gains of approximately $40.1 million, before income taxes of $16.0
million.
For the year ended December 31, 2008, the Company recognized non-cash impairment charges of approximately
$147.5 million, before income tax benefit of approximately $25.7 million.
Approximately $118.4 million of the total non-cash impairment charges for the year ended December 31, 2008, were
due to the decline in value of certain marketable equity securities and other investments that were deemed to be other-
than-temporary.
The Company recognized a non-cash impairment charge of $15.5 million against the carrying value of its investment
in its unconsolidated joint ventures with PREI, reflecting an other-than-temporary decline in the fair value of its investment
resulting from further significant declines in the real estate markets during the fourth quarter of 2008. Also, impairments
of approximately $6.6 million were recognized on real estate development projects including Plantations Crossing located
in Middleburg, FL and Miramar Town Center located in Miramar, FL. These development project impairment charges
are the result of adverse changes in local market conditions and the uncertainty of their recovery in the future.
The Company will continue to assess the value of all its assets on an on-going basis. Based on these assessments,
the Company may determine that a decline in value for one or more of its investments may be other-than-temporary or
permanent and would therefore write-down its cost basis accordingly.
Benefit for income taxes decreased $18.8 million for the year ended December 31, 2008, as compared to the
corresponding period in 2007. This change is primarily due to (i) a tax provision of approximately $17.3 million, partially
offset by a reduction of approximately $3.1 million in NOL valuation allowance from equity income recognized during
2008 in connection with the Albertson’s investment, (ii) an income tax provision of approximately $3.1 million related
to equity in income of real estate joint ventures during 2008, (iii) an income tax provision of approximately $2.0 million
related to gains on sale of operating properties during 2008 and (iv) a reduction of NOL valuation allowance during
2007 of approximately $28.1 million, partially offset by (v) an increase in income tax benefit of approximately $30.1
million related to impairments taken during the year ended December 31, 2008, as compared to the corresponding period
in 2007.
Equity in income of real estate joint ventures, net for the year ended December 31, 2008, was approximately $132.2
million as compared to $173.4 million for the corresponding period in 2007. This reduction of approximately $41.2
million is primarily the result of (i) a decrease in equity in income of approximately $47.1 million from the Kimco Retail
Opportunity Portfolio (“KROP”) joint venture investment primarily due to a decrease in profit participation from the
sale/transfer of operating properties for the year ended December 31, 2008, as compared to the corresponding period in
2007, (ii) a decrease in equity in income of approximately $25.2 million from the KIR joint venture investment primarily
resulting from fewer gains on sales of operating properties during the year ended December 31, 2008, as compared to
the corresponding period in 2007, (iii) impairment charges during 2008 of approximately $11.2 million, before income
tax benefit, relating to certain joint venture properties held by the KimPru joint venture that are deemed held-for-sale or
were transitioned to held-for-use properties, (iv) lower gains on sale of approximately $21.3 million for 2008 as compared
to 2007, partially offset by (v) an increase in equity in income of approximately $67.4 million from the Albertson’s
joint venture investment primarily resulting from gains on sale of 121 properties during 2008 as compared to 2007 and
(vi) growth within the Company’s other various real estate joint ventures due to additional capital investments for the
acquisition of additional operating properties by ventures throughout 2007 and the year ended December 31, 2008.
57
During 2008, the Company disposed of seven operating properties and a portion of four operating properties, in
separate transactions, for an aggregate sales price of approximately $73.0 million, which resulted in an aggregate gain of
approximately $20.0 million. In addition, the Company partially recognized deferred gains of approximately $1.2 million
on three properties relating to their transfer and partial sale in connection with the Kimco Income Fund II transaction
described below.
During 2007 the Company transferred 11 operating properties to a wholly-owned consolidated entity, Kimco
Income Fund II (“KIF II”), for an aggregate purchase price of approximately $278.2 million, including non-recourse
mortgage debt of $180.9 million, encumbering 11 of the properties. During 2008, the Company transferred an additional
three properties for $73.9 million, including $50.6 million in non-recourse mortgage debt. During 2008 the Company
sold a 26.4% noncontrolling ownership interest in the entity to third parties for approximately $32.5 million, which
approximated the Company’s cost. The Company continues to consolidate this entity.
Additionally, during 2008, the Company disposed of an operating property for approximately $21.4 million.
The Company provided seller financing for approximately $3.6 million, which bears interest at 10% per annum and is
scheduled to mature on May 1, 2011. Due to the terms of this financing the Company has deferred its gain of $3.7 million
from this sale.
Additionally, during 2008, a consolidated joint venture in which the Company had a preferred equity investment
disposed of a property for a sales price of approximately $35.0 million. As a result of this capital transaction, the Company
received approximately $3.5 million of profit participation, before noncontrolling interest of approximately $1.1 million.
This profit participation has been recorded as income from other real estate investments and is reflected in Income from
discontinued operating properties in the Company’s Consolidated Statements of Operations.
During 2007, the Company (i) disposed of six operating properties and completed partial sales of three operating
properties, in separate transactions, for an aggregate sales price of approximately $40.0 million, which resulted in an
aggregate net gain of approximately $6.4 million, after income taxes of approximately $1.6 million and (ii) transferred
one operating property, which was acquired in the first quarter of 2007, to a joint venture in which the Company holds a
15% noncontrolling ownership interest for an aggregate price of approximately $4.5 million, which represented the net
book value.
Additionally, during 2007, two consolidated joint ventures in which the Company had preferred equity investments
disposed of, in separate transactions, their respective properties for an aggregate sales price of approximately $66.5 million.
As a result of these capital transactions, the Company received approximately $22.1 million of profit participation, before
noncontrolling interest of approximately $5.6 million. This profit participation has been recorded as income from other
real estate investments and is reflected in Income from discontinued operating properties in the Company’s Consolidated
Statements of Operations.
Net income attributable to the Company for the year ended December 31, 2008, was $249.9 million or $0.78 on
a diluted per share basis as compared to $442.8 million or $1.65 on a diluted per share basis for the corresponding
period in 2007. This change is primarily attributable to (i) the recognition of non-cash impairment charges aggregating
approximately $157.0 million, before income tax benefits, resulting from continuing declines in the equity securities and
real estate markets, (ii) recognition of an extraordinary gain of approximately $50.3 million, net of income tax, in 2007,
relating to the Albertson’s joint venture, (iii) a reduction of Equity in income of real estate joint ventures of approximately
$41.2 million, primarily due to a decrease in profit participation and gain on sales of operating properties during 2008
as compared to 2007, (iv) a decrease in the reduction of NOL valuation allowance and the recording of a provision from
equity in income recognized during 2008 in connection with the Albertson’s investment, partially offset by (v) an increase
in revenues from rental properties primarily due to acquisitions of operating properties during 2008 and 2007.
TENANT CONCENTRATIONS
The Company seeks to reduce its operating and leasing risks through diversification achieved by the geographic
distribution of its properties, avoiding dependence on any single property and a large tenant base. At December 31,
2009, the Company’s five largest tenants were The Home Depot, TJX Companies, Sears Holdings, Wal-Mart and Kohl’s,
which represent approximately 3.3%, 2.6%, 2.5%, 2.2% and 2.0%, respectively, of the Company’s annualized base rental
revenues, including the proportionate share of base rental revenues from properties in which the Company has less than
a 100% economic interest.
58
LIQUIDITY AND CAPITAL RESOURCES
The Company’s capital resources include accessing the public debt and equity capital markets, when available,
mortgage and construction loan financing and immediate access to unsecured revolving credit facilities with aggregate
bank commitments of approximately $1.7 billion.
The Company’s cash flow activities are summarized as follows (in millions):
Net cash flow provided by operating activities . . . . . . . . . . .
Net cash flow used for investing activities . . . . . . . . . . . . . .
Net cash flow (used for)/provided by financing activities . . .
Year Ended December 31,
2008
$ 567.6
$ (781.4)
$ 262.4
2007
666.0
$
$(1,507.6)
584.1
$
2009
$ 403.6
$ (343.2)
$ (74.5 )
OPERATING ACTIVITIES
Cash flow provided from operating activities for the year ended December 31, 2009, was approximately $403.6
million, as compared to approximately $567.6 million for the comparable period in 2008. The change of approximately
$164.0 million is primarily attributable to (i) a decrease in distributions from joint ventures of approximately $125.3 million,
primarily from a decrease in distributions from the Albertson’s investment, profit participation from the Company’s
Preferred Equity program and a decrease from various other real estate joint ventures, (ii) a decrease in interest, dividends
and other investment income of approximately $14.8 million primarily due to the sale and reductions in dividends of
certain marketable securities during the corresponding period in 2008 as compared to 2009, and (iii) an increase in
prepaid expenses of approximately $23.7 million primarily related to an increase in prepaid income taxes which primarily
represents a tax refund receivable due to the sale of Valad equity securities at a taxable loss, which is being carried back
to prior year tax returns that have capital gain income, partially offset by the acquisition of properties during 2008 and
growth in rental rates from lease renewals and the completion of certain re-development and development projects.
During 2009, the Company (i) completed two primary public common stock offerings, which provided net proceeds
to the Company of approximately $1.1 billion, (ii) obtained a two-year $220.0 million unsecured term loan with a
consortium of banks, (iii) completed a 10-year $300.0 million unsecured Senior Notes offering, which was used to repay
the two-year $220 million unsecured term loan and to repay various construction loans, and (iv) completed mortgage
and construction loan financings of approximately $433.2 million (see financing activities below). However, capital and
credit markets remain increasingly volatile and constrained. If these markets continue to experience volatility and the
availability of funds remains limited, the Company will incur increased costs associated with issuing or obtaining debt.
In addition, it is possible that the Company’s ability to access the capital and credit markets may be limited by these
or other factors. Notwithstanding the foregoing, at this time the Company anticipates that cash flows from operating
activities will continue to provide adequate capital to fund its operating and administrative expenses, regular debt service
obligations and dividend payments in accordance with REIT requirements in both the short term and long term.
The Company continually evaluates its debt maturities, and, based on management’s current assessment, believes
it has viable financing and refinancing alternatives that will not materially adversely impact its expected financial
results. Although the credit environment remains challenging, the Company continues to pursue opportunities with large
commercial U.S. and global banks, select life insurance companies and certain regional and local banks. The Company
has noticed a trend that the approval process from mortgage lenders is slow, while pricing and loan-to-value ratios
remain dependent on specific deal terms, in general, spreads are higher and loan-to-values are lower, but the lenders
are continuing to complete financing agreements. During 2009, the unsecured public debt markets became accessible
for certain REITs, including the Company. Moreover, the Company continues to assess 2010 and beyond to ensure the
Company is prepared if the current credit market dislocation continues.
Debt maturities for 2010 consist of: $260.0 million of consolidated debt; $646.5 million of unconsolidated joint
venture debt; and $286.5 million of preferred equity debt, assuming the utilization of extension options where available.
The 2010 consolidated debt maturities are anticipated to be repaid with operating cash flows, borrowings from the
Company’s credit facilities, which at December 31, 2009, the Company had approximately $1.6 billion available under
these credit facilities, and debt refinancings. The 2010 unconsolidated joint venture and preferred equity debt maturities
are anticipated to be repaid through debt refinancing and partner capital contributions, as deemed appropriate.
59
The Company anticipates that cash on hand, borrowings under its revolving credit facilities, issuance of equity and
public debt, as well as other debt and equity alternatives, will provide the necessary capital required by the Company. Net
cash flow provided by operating activities for the year ended December 31, 2009, was primarily attributable to (i) cash
flow from the diverse portfolio of rental properties, (ii) the acquisition of operating properties during 2009 and 2008,
(iii) new leasing, expansion and re-tenanting of core portfolio properties and (iv) distributions from the Company’s joint
venture programs.
INVESTING ACTIVITIES
Cash flow used for investing activities for the year ended December 31, 2009, was approximately $343.2 million,
as compared to approximately $781.4 million for the comparable period in 2008. This decrease in cash utilization of
approximately $438.2 million resulted primarily from decreases in (i) the acquisition of and improvements to real estate
under development, (ii) investments in marketable securities, including the acquisition of the Valad Property Group
convertible notes and equity securities during 2008, (iii) investments and advances to real estate joint ventures and
(iv) investments in mortgage loans receivable, partially offset by (v) a decrease in proceeds from the sale of operating and
development properties, (vi) a decrease in proceeds from transferred operating/development properties and (vii) a decrease
in reimbursements of advances to real estate joint ventures and other real estate investments during the year ended
December 31, 2009, as compared to the corresponding period in 2008.
Acquisitions of and Improvements to Operating Real Estate
During the year ended December 31, 2009, the Company expended approximately $374.5 million towards acquisition
of and improvements to operating real estate including $43.4 million expended in connection with redevelopments and
re-tenanting projects as described below. (See Note 4 of the Notes to the Consolidated Financial Statements included in
this annual report on Form 10-K.)
The Company has an ongoing program to reformat and re-tenant its properties to maintain or enhance its competitive
position in the marketplace. The Company anticipates its capital commitment toward these and other redevelopment
projects during 2010 will be approximately $30.0 million to $40.0 million. The funding of these capital requirements will
be provided by cash flow from operating activities and availability under the Company’s revolving lines of credit.
Investments and Advances to Real Estate Joint Ventures
During the year ended December 31, 2009, the Company expended approximately $109.9 million for investments
and advances to real estate joint ventures and received approximately $99.6 million from reimbursements of advances to
real estate joint ventures. (See Note 8 of the Notes to the Consolidated Financial Statements included in this annual report
on Form 10-K.)
Acquisitions of and Improvements to Real Estate Under Development
The Company is engaged in ground-up development projects which consist of (i) U.S. ground-up development
projects which will be held as long-term investments by the Company and (ii) various ground-up development projects
located in Latin America for long-term investment (see Recent Developments - International Real Estate Investments
and Note 3 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K). During
2009, the Company changed its merchant building business strategy from a sale upon completion strategy to a long-term
hold strategy. Those properties previously considered merchant building are now either placed in service or included
in U.S. ground-up development. The ground-up development projects generally have significant pre-leasing prior to
the commencement of construction. As of December 31, 2009, the Company had in progress a total of 11 ground-up
development projects, consisting of seven ground-up development projects located throughout Mexico, two ground-
up development projects located in the U.S., one ground-up development project located in Chile, and one ground-up
development project located in Brazil.
During the year ended December 31, 2009, the Company expended approximately $143.3 million in connection with
construction costs related to ground-up development projects. The Company anticipates its capital commitment during
2010 toward these and other development projects will be approximately $50.0 million to $60.0 million. The proceeds
from the sales of completed ground-up development projects, proceeds from construction loans and availability under the
Company’s revolving lines of credit are expected to be sufficient to fund these anticipated capital requirements.
60
Dispositions and Transfers
During the year ended December 31, 2009, the Company received net proceeds of approximately $57.1 million
relating to the sale of various operating properties and ground-up development projects. (See Notes 5 and 7 of the Notes
to the Consolidated Financial Statements included in this annual report on Form 10-K.)
FINANCING ACTIVITIES
Cash flow used for financing activities for the year ended December 31, 2009, was approximately $74.5 million,
as compared to cash flow provided by financing activities of approximately $262.4 million for the comparable period in
2008. This change of approximately $336.9 million resulted primarily from (i) higher repayments of approximately $647.5
million of borrowings under unsecured revolving credit facilities, (ii) a decrease of $460.4 million in net borrowings
under the Company’s unsecured revolving credit facilities and (iii) higher repayments of approximately $303.7 million of
unsecured term loan/notes, partially offset by (iv) an increase in proceeds from issuance of stock of approximately $613.4
million, (v) an increase in proceeds from mortgage/construction loan financing of approximately $357.2 million, offset
by an increase in principal repayments of approximately $576.5 million, (vi) increased proceeds received from a $220.0
million unsecured term loan and a $300.0 million senior unsecured notes during 2009 as compared to the corresponding
period in 2008 and (vii) a decrease in dividends paid of $138.0 million.
The Company intends to maintain strong debt service coverage and fixed charge coverage ratios as part of its
commitment to maintaining its investment-grade debt ratings. The Company plans to strengthen is balance sheet by
pursuing deleveraging efforts over time. The Company may, from time-to-time, seek to obtain funds through additional
common and preferred equity offerings, unsecured debt financings and/or mortgage/construction loan financings and
other capital alternatives.
Since the completion of the Company’s IPO in 1991, the Company has utilized the public debt and equity markets as
its principal source of capital for its expansion needs. Since the IPO, the Company has completed additional offerings of its
public unsecured debt and equity, raising in the aggregate over $7.4 billion. Proceeds from public capital market activities
have been used for the purposes of, among other things, repaying indebtedness, acquiring interests in neighborhood
and community shopping centers, funding ground-up development projects, expanding and improving properties in the
portfolio and other investments. These markets have been experiencing extreme volatility and deterioration. As available,
the Company will continue to access these markets. In March 2006, the Company was added to the S & P 500 Index, an
index containing the stock of 500 Large Cap corporations, most of which are U.S. corporations.
The Company has a $1.5 billion unsecured U.S. revolving credit facility (the “U.S. Credit Facility”) with a group of
banks, which is scheduled to expire in October 2011. The Company has a one-year extension option related to this facility.
This credit facility has made available funds to finance general corporate purposes, including (i) property acquisitions,
(ii) investments in the Company’s institutional management programs, (iii) development and redevelopment costs and (iv)
any short-term working capital requirements, including managing the Company’s debt maturities. Interest on borrowings
under the U.S. Credit Facility accrues at LIBOR plus 0.425% and fluctuates in accordance with changes in the Company’s
senior debt ratings. As part of this U.S. Credit Facility, the Company has a competitive bid option whereby the Company
may auction up to $750.0 million of its requested borrowings to the bank group. This competitive bid option provides
the Company the opportunity to obtain pricing below the currently stated spread. A facility fee of 0.15% per annum
is payable quarterly in arrears. As part of the U.S. Credit Facility, the Company has a $200.0 million sub-limit which
provides it the opportunity to borrow in alternative currencies such as Pounds Sterling, Japanese Yen or Euros. As of
December 31, 2009, there was $139.5 million outstanding and approximately $22.5 million appropriated letters of credit
under this credit facility. Pursuant to the terms of the U.S. Credit Facility, the Company, among other things, is subject to
maintenance of various covenants. The Company is currently not in violation of these covenants. The financial covenants
for the U.S. Credit Facility are as follows:
Covenant
Total Indebtedness to Gross Asset Value (“GAV”) . . . . . . . . . . . . . . .
Total Priority Indebtedness to GAV . . . . . . . . . . . . . . . . . . . . . . . . . . .
Unencumbered Asset Net Operating Income to
Must Be
<60%
<35%
As of 12/31/09
50%
16%
Total Unsecured Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . .
Fixed Charge Total Adjusted EBITDA to Total Debt Service . . . . . . .
Limitation of Investments, Loans and Advances . . . . . . . . . . . . . . . . .
>1.75x
>1.50x
<30% of GAV
2.80x
2.06x
18% of GAV
61
For a full description of the US Credit Facility’s covenants refer to the Credit Agreement dated as of October 25,
2007 filed in the Company’s Current Report on Form 8-K dated October 25, 2007.
The Company also has a three-year CAD $250.0 million unsecured credit facility with a group of banks. This
facility bears interest at a rate of CDOR plus 0.425%, subject to change in accordance with the Company’s senior debt
ratings and is scheduled to mature March 2011 with an additional one year extension option. A facility fee of 0.15% per
annum is payable quarterly in arrears. This facility also permits U.S. dollar denominated borrowings. Proceeds from
this facility are used for general corporate purposes, including the funding of Canadian denominated investments. As
of December 31, 2009, there was no outstanding balance under this credit facility. There are approximately CAD $67.4
million (approximately USD $64.0 million) appropriated for letters of credit under this credit facility at December 31,
2009. The Canadian facility covenants are the same as the U.S. Credit Facility covenants described above.
During March 2008, the Company obtained a MXP 1.0 billion term loan, which bears interest at a rate of 8.58%,
subject to change in accordance with the Company’s senior debt ratings, and is scheduled to mature in March 2013. The
Company utilized proceeds from this term loan to fully repay the outstanding balance of a MXP 500.0 million unsecured
revolving credit facility, which was terminated by the Company. Remaining proceeds from this term loan were used for
funding MXP denominated investments. As of December 31, 2009, the outstanding balance on this term loan was MXP
1.0 billion (approximately USD $76.6 million). The Mexican term loan covenants are the same as the U.S. and Canadian
Credit Facilities covenants described above.
The Company has a Medium Term Notes program pursuant to which it may, from time-to-time, offer for sale its senior
unsecured debt for any general corporate purposes, including (i) funding specific liquidity requirements in its business,
including property acquisitions, development and redevelopment costs and (ii) managing the Company’s debt maturities.
(See Note 12 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K.)
The Company’s supplemental indenture governing its medium term notes and senior notes contains the following
covenants, all of which the Company is compliant with:
Covenant
Consolidated Indebtedness to Total Assets . . . . . . . . . . . . . . . . . . . . .
Consolidated Secured Indebtedness to Total Assets . . . . . . . . . . . . . .
Consolidated Income Available for Debt Service to maximum
Must Be
<60%
<40%
As of 12/31/09
43%
12%
Annual Service Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
>1.50x
Unencumbered Total Asset Value to Consolidated Unsecured
Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
>1.50x
2.5x
2.5x
For a full description of the various indenture covenants refer to the Indenture dated September 1, 1993, First
Supplemental Indenture dated August 4, 1994, the Second Supplemental Indenture dated April 7, 1995, the Third
Supplemental Indenture dated June 2, 2006, the Fifth Supplemental Indenture dated as of September 24, 2009, the Fifth
Supplemental Indenture dated as of October 31, 2006 and First Supplemental Indenture dated October 31, 2006, as filed
with the SEC. See Exhibits Index on page 65, for specific filing information.
During September 2009, the Company issued $300.0 million of 10-year Senior Unsecured Notes at an interest
rate of 6.875% payable semi-annually in arrears. These notes were sold at 99.84% of par value. Net proceeds from the
issuance were approximately $297.3 million, after related transaction costs of approximately $0.3 million. The proceeds
from this issuance were primarily used to repay the Company’s $220.0 million unsecured term loan described below. The
remaining proceeds were used to repay certain construction loans that were scheduled to mature in 2010.
During April 2009, the Company obtained a two-year $220.0 million unsecured term loan with a consortium of
banks, which accrued interest at a spread of 4.65% to LIBOR (subject to a 2% LIBOR floor) or at the Company’s option,
at a spread of 3.65% to the “ABR,” as defined in the Credit Agreement. The term loan was scheduled to mature in April
2011. The Company utilized proceeds from this term loan to partially repay the outstanding balance under the Company’s
U.S. revolving credit facility and for general corporate purposes. During September 2009, the Company fully repaid the
$220.0 million outstanding balance on this loan.
During the year ended December 31, 2009, the Company repaid (i) its $130.0 million 6.875% senior notes, which
matured on February 10, 2009, (ii) its $20.0 million 7.56% Medium Term Note, which matured in May 2009 and (iii) its
$25.0 million 7.06% Medium Term Note, which matured in July 2009.
62
In addition to the public equity and debt markets as capital sources, the Company may, from time-to-time, obtain
mortgage financing on selected properties and construction loans to partially fund the capital needs of its ground-up
development projects. As of December 31, 2009, the Company had over 420 unencumbered property interests in its
portfolio.
Additionally during the year ended December 31, 2009, the Company repurchased in aggregate approximately $36.1
million in face value of its Medium Term Notes and Fixed Rate Bonds for an aggregate discounted purchase price of
approximately $33.7 million. These transactions resulted in an aggregate gain of approximately $2.4 million.
During 2009, the Company (i) obtained an aggregate of approximately $400.2 of non-recourse mortgage debt on 21
operating properties, (ii) assumed approximately $579.2 million of individual non-recourse mortgage debt relating to the
acquisition of 22 operating properties, including approximately $1.6 million of fair value debt adjustments and (iii) paid
off approximately $437.7 million of individual non-recourse mortgage debt which encumbered 24 operating properties.
During 2009, the Company fully repaid nine construction loans aggregating approximately $212.2 million. As of
December 31, 2009, total loan commitments on the Company’s four remaining construction loans aggregated approximately
$69.7 million of which approximately $45.8 million has been funded. These loans have scheduled maturities ranging from
11 months to 56 months (excluding any extension options which may be available to the Company) and bear interest at
rates ranging from 2.13% to 4.50% at December 31, 2009. Approximately $3.4 million of the outstanding loan balance
matures in 2010. These maturing loans are anticipated to be repaid with operating cash flows, borrowings under the
Company’s credit facilities and additional debt financings. In addition, the Company may pursue or exercise existing
extension options with lenders where available.
During April 2009, the Company filed a shelf registration statement on Form S-3ASR, which is effective for a term
of three years, for the future unlimited offerings, from time-to-time, of debt securities, preferred stock, depositary shares,
common stock and common stock warrants.
During December 2009, the Company completed a primary public stock offering of 28,750,000 shares of the
Company’s common stock. The net proceeds from this sale of common stock, totaling approximately $345.1 million
(after related transaction costs of $0.75 million) were used to partially repay the outstanding balance under the Company’s
U.S. revolving credit facility.
During April 2009, the Company completed a primary public stock offering of 105,225,000 shares of the Company’s
common stock. The net proceeds from this sale of common stock, totaling approximately $717.3 million (after related
transaction costs of $0.7 million) were used to partially repay the outstanding balance under the Company’s U.S. revolving
credit facility and for general corporate purposes.
During 2009, the Company received approximately $1.5 million through employee stock option exercises and the
dividend reinvestment program.
In connection with its intention to continue to qualify as a REIT for federal income tax purposes, the Company
expects to continue paying regular dividends to its stockholders. These dividends will be paid from operating cash
flows. The Company’s Board of Directors will continue to evaluate the Company’s dividend policy on a quarterly basis
as they monitor sources of capital and evaluate the impact of the economy and capital markets availability on operating
fundamentals. Since cash used to pay dividends reduces amounts available for capital investment, the Company generally
intends to maintain a conservative dividend payout ratio, reserving such amounts as it considers necessary for the expansion
and renovation of shopping centers in its portfolio, debt reduction, the acquisition of interests in new properties and other
investments as suitable opportunities arise and such other factors as the Board of Directors considers appropriate. Cash
dividends paid decreased to $331.0 million in 2009, compared to $469.0 million in 2008 and $384.5 million in 2007.
Although the Company receives substantially all of its rental payments on a monthly basis, it generally intends to
continue paying dividends quarterly. Amounts accumulated in advance of each quarterly distribution will be invested
by the Company in short-term money market or other suitable instruments. The Company’s Board of Directors declared
a quarterly cash dividend of $0.16 per common share payable to shareholders of record on January 4, 2010, which was
paid on January 15, 2010. Additionally, the Company’s Board of Directors declared a quarterly cash dividend of $0.16 per
common share payable to shareholders of record on April 5, 2010, which will be paid on April 15, 2010.
63
CONTRACTUAL OBLIGATIONS AND OTHER COMMITMENTS
The Company has debt obligations relating to its revolving credit facilities, MTNs, senior notes, mortgages and
construction loans with maturities ranging from less than one year to 22 years. As of December 31, 2009, the Company’s
total debt had a weighted average term to maturity of approximately 4.7 years. In addition, the Company has non-cancelable
operating leases pertaining to its shopping center portfolio. As of December 31, 2009, the Company has 52 shopping center
properties that are subject to long-term ground leases where a third party owns and has leased the underlying land to the
Company to construct and/or operate a shopping center. In addition, the Company has 16 non-cancelable operating leases
pertaining to its retail store lease portfolio. The following table summarizes the Company’s debt maturities (excluding
extension options and fair market value of debt aggregating approximately $9.4 million) and obligations under non-
cancelable operating leases as of December 31, 2009 (in millions):
Long-Term Debt-Principal (1) . . . . . . . . . .
Long-Term Debt-Interest (2) . . . . . . . . . . .
Operating Leases
Ground Leases. . . . . . . . . . . . . . . . . . .
Retail Store Leases . . . . . . . . . . . . . . .
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2010
$380.0
248.1
13.1
3.7
$644.9
2011
$581.5
221.5
10.4
3.7
$817.1
2012
$470.5
199.6
9.1
2.9
$682.1
2013
$734.3
155.2
8.5
2.1
$900.1
2014
$546.0
119.3
7.9
1.2
$674.4
Thereafter
$ 1,712.7
250.0
Total
$ 4,425.0
1,193.7
144.8
1.4
$ 2,108.9
193.8
15.0
$ 5,827.5
(1) maturities utilized do not reflect extension options, which range from one to two years.
(2)
for loans which have interest at floating rates, future interest expense was calculated using the rate as of December 31,
2009.
The Company has $46.5 million of medium term notes, $25.0 million of senior unsecured notes, $151.9 of unsecured
notes payable, $129.6 million of mortgage debt and $3.4 million of construction loans scheduled to mature in 2010. The
Company anticipates satisfying these maturities with a combination of operating cash flows, its unsecured revolving
credit facilities, refinancing of debt and new debt issuances, when available.
The Company has issued letters of credit in connection with completion and repayment guarantees for construction
loans encumbering certain of the Company’s ground-up development projects and guarantee of payment related to the
Company’s insurance program. These letters of credit aggregate approximately $23.9 million.
In addition, during August 2009, the Company became obligated to issue a letter of credit for approximately
CAD $66.0 million (approximately USD $62.7 million) relating to a tax assessment dispute with the CRA. The letter
of credit has been issued under the Company’s CAD $250 million credit facility. The dispute is in regards to three of
the Company’s wholly-owned subsidiaries which hold a 50% co-ownership interest in Canadian real estate. However,
applicable Canadian law requires that a non-resident corporation post sufficient collateral to cover a claim for taxes
assessed. As such, the Company issued its letter of credit as required by the governing law. The Company strongly
believes that it has a justifiable defense against the dispute which will release the Company from any and all liability.
During August 2008, KimPru entered into a $650.0 million credit facility, which bears interest at a rate of LIBOR
plus 1.25% and was initially scheduled to mature in August 2009. This facility included an option to extend the maturity
date for one year, subject to certain requirements including a reduction of the outstanding balance to $485.0 million.
During August 2009, KimPru exercised the one-year extension option and made an additional payment to reduce the
balance to $485.0 million; as such the credit facility is scheduled to mature in August 2010. Proceeds from this credit
facility were used to repay the outstanding balance of $658.7 million under the $1.2 billion credit facility, which was
scheduled to mature in October 2008 and bore interest at a rate of LIBOR plus 0.45%. This facility is guaranteed by the
Company with a guarantee from PREI to the Company for 85% of any guaranty payment the Company is obligated to
make. As of December 31, 2009, the outstanding balance on the credit facility was $331.0 million.
During June 2007, the Company entered into a joint venture, in which the Company has a noncontrolling ownership
interest, and acquired all of the common stock of InTown Suites Management, Inc. This investment was funded with
approximately $186.0 million of new cross-collateralized non-recourse mortgage debt with a fixed interest rate of 5.59%,
encumbering 35 properties, a $153.0 million three-year unsecured credit facility, with two one-year extension options,
which bears interest at LIBOR plus 0.375% and is guaranteed by the Company and the assumption of $278.6 million
cross-collateralized non-recourse mortgage debt with fixed interest rates ranging from 5.19% to 5.89%, encumbering 86
64
properties. The joint venture partner has pledged its equity interest for any guaranty payment the Company is obligated
to pay. The outstanding balance on the three-year unsecured credit facility was $147.5 million as of December 31, 2009.
The joint venture obtained an interest rate swap at 5.37% on $128.0 million of this debt. The swap is designated as a cash
flow hedge and is deemed highly effective; as such adjustments to the swaps fair value are recorded at the joint venture
level in other comprehensive income.
During November 2007, the Company entered into a joint venture, in which the Company has a noncontrolling
ownership interest, to acquire a property in Houston, Texas. This investment was funded with a $24.5 million unsecured
credit facility scheduled to mature in November 2009, with a six-month extension option which was exercised in 2009 and
thus the maturity date is now April 2010, which bears interest at LIBOR plus 0.375% and is guaranteed by the Company.
The outstanding balance on this credit facility as of December 31, 2009 was $24.5 million.
During April 2007, the Company entered into a joint venture, in which the Company has a 50% noncontrolling
ownership interest to acquire a property in Visalia, CA. Subsequent to this acquisition the joint venture obtained a $6.0
million three-year promissory note which bears interest at LIBOR plus 0.75% and has an extension option of two-years.
This loan is jointly and severally guaranteed by the Company and the joint venture partner. As of December 31, 2009, the
outstanding balance on this loan was $6.0 million.
During 2006, an entity in which the Company has a preferred equity investment, located in Montreal, Canada,
obtained a construction loan, which is collateralized by the respective land and project improvements. Additionally, the
Company has provided a partial guaranty to the lender of up to CAD $45 million (approximately USD $42.7 million)
and the developer partner has provided an indemnity to the Company for 25% of all payments the Company is obligated
to pay. As of December 31, 2009, there was CAD $99.8 million (approximately USD $94.8 million) outstanding on this
construction loan.
In connection with the construction of its development projects and related infrastructure, certain public agencies
require performance and surety bonds be posted to guarantee that the Company’s obligations are satisfied. These bonds
expire upon the completion of the improvements and infrastructure. As of December 31, 2009, there were approximately
$52.8 million bonds outstanding.
Additionally, the RioCan Ventures have a CAD $7.0 million (approximately USD $6.6 million) letter of credit facility.
This facility is jointly guaranteed by RioCan and the Company and had approximately CAD $4.9 million (approximately
USD $4.6 million) outstanding as of December 31, 2009, relating to various development projects.
Additionally, during 2005, the Company acquired three operating properties and one land parcel, through joint
ventures, in which the Company holds 50% noncontrolling interests. Subsequent to these acquisitions, the joint ventures
obtained four individual loans aggregating $20.4 million with interest rates ranging from LIBOR plus 1.00% to LIBOR
plus 3.50%. During 2007, one of these properties was sold for a sales price of approximately $10.5 million, including
the pay down of $5.0 million of debt. During 2008, one of the loans was increased by $2.0 million. During 2009 these
loans were extended to mature in 2010 at an interest rate of LIBOR plus 2.75%. As of December 31, 2009, there was an
aggregate of $17.3 million outstanding on these loans. These loans are jointly and severally guaranteed by the Company
and the joint venture partner.
During 2009, a joint venture in which the Company has a 50% noncontrolling ownership interest obtained a new
three-year $53.0 million loan which bears interest at a rate of 7.85%. Proceeds from this mortgage and an additional $15.0
million capital contribution from the partners were used to repay $68.0 million in mortgage debt, which was scheduled
to mature in 2009 and bore interest at rate of LIBOR plus 1.16%. This mortgage is jointly and severally guaranteed
by the Company and the joint venture partner. As of December 31, 2009, the outstanding balance on this loan was
$52.8 million.
Additionally during 2009, a joint venture in which the Company has a 30% noncontrolling ownership interest
obtained a new $59.0 million three-year mortgage loan, which bears interest at a rate of LIBOR plus 350 basis points. The
Company and the holder of the remaining 70% ownership interest guarantee, jointly and severally, up to $10.0 million of
this mortgage. As of December 31, 2009, the outstanding balance on this loan was $59.0 million.
65
OFF-BALANCE SHEET ARRANGEMENTS
Unconsolidated Real Estate Joint Ventures
The Company has investments in various unconsolidated real estate joint ventures with varying structures. These
joint ventures operate either shopping center properties or are established for development projects. Such arrangements
are generally with third-party institutional investors, local developers and individuals. The properties owned by the joint
ventures are primarily financed with individual non-recourse mortgage loans, however, the Company, on a selective
basis, obtains unsecured financing for certain joint ventures. These unsecured financings are guaranteed by the Company
with guarantees from the joint venture partners for their proportionate amounts of any guaranty payment the Company
is obligated to make. Non-recourse mortgage debt is generally defined as debt whereby the lenders’ sole recourse with
respect to borrower defaults is limited to the value of the property collateralized by the mortgage. The lender generally
does not have recourse against any other assets owned by the borrower or any of the constituent members of the borrower,
except for certain specified exceptions listed in the particular loan documents (See Note 8 of the Notes to Consolidated
Financial Statements included in this annual report on Form 10-K).
These investments include the following joint ventures:
Venture
KimPru (c) . . . . . . . . . . . . .
KIR (d) . . . . . . . . . . . . . . . .
KUBS (e) . . . . . . . . . . . . . . .
SEB Immobilien (f) . . . . . .
Kimco Income Fund (g) . . .
InTown Suites (h) . . . . . . . .
RioCan Venture (i) . . . . . . .
Kimco
Ownership
Interest
15.00%
45.00%
18.26% (a)
15.00%
15.20%
(j)
50.00%
Number of
Properties
97
62
43
10
12
138
45
Total GLA
(in thousands)
16,296
13,067
6,178
1.382
1,534
N/A
9,318
Non-Recourse
Mortgage Payable
(in millions)
$1,957.1
$ 991.5
$ 746.4
$ 193.5
$ 169.2
$ 486.4
$ 899.4
Recourse
Notes Payable
(in millions)
$331.0 (b)
$ —
$ —
$ —
$ —
$147.5 (b)
$ —
Number of
Encumbered
Properties
83
51
43
10
12
135
45
Average
Interest Rate
5.57%
6.83%
5.69%
5.67%
5.47%
5.17%
5.94%
Weighted
Average
Term (months)
72.0
30.3
68.5
83.4
52.1
63.6
61.1
(a) Ownership % is a blended rate.
(b) See Contractual Obligations and Other Commitments regarding guarantees by the Company and its joint venture
partners.
(c) Represents the Company’s joint ventures with Prudential Real Estate Investors.
(d) Represents the Kimco Income Operating Partnership, L.P., formed in 1998.
(e) Represents the Company’s joint ventures with UBS Wealth Management North American Property Fund Limited.
(f) Represents the Company’s joint ventures with SEB Immobilien Investment GmbH.
(g) Represents the Kimco Income Fund, formed in 2004.
(h) Represents the Company’s joint ventures with Westmont Hospitality Group.
(i) Represents the Company’s joint ventures with RioCan Real Estate Investment Trust.
(j) The Company’s share of this investment is subject to fluctuation and is dependent upon property cash flows.
The Company has various other unconsolidated real estate joint ventures with varying structures. As of
December 31, 2009, these other unconsolidated joint ventures had individual non-recourse mortgage loans aggregating
approximately $2.0 billion and unsecured notes payable aggregating approximately $41.8 million. The aggregate debt of
all unconsolidated real estate joint ventures is approximately $7.9 billion, of which the Company’s share of this debt was
approximately $2.7 billion. These loans have scheduled maturities ranging from one month to 25 years and bear interest at
rates ranging from 0.98% to 10.50% at December 31, 2009. Approximately $646.5 million of the outstanding loan balance
matures in 2010, of which the Company’s share is approximately $187.5 million. These maturing loans are anticipated to
be repaid with operating cash flows, debt refinancing and partner capital contributions, as deemed appropriate. (See Note
8 of the Notes to Consolidated Financial Statements included in this annual report on Form 10-K.)
66
Other Real Estate Investments
The Company maintains a Preferred Equity program, which provides capital to developers and owners of real
estate properties. The Company accounts for its preferred equity investments under the equity method of accounting.
As of December 31, 2009, the Company’s net investment under the Preferred Equity Program was approximately $418.4
million relating to 213 properties. As of December 31, 2009, these preferred equity investment properties had individual
non-recourse mortgage loans aggregating approximately $1.6 billion. Due to the Company’s preferred position in these
investments, the Company’s share of each investment is subject to fluctuation and is dependent upon property cash flows.
The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to its
invested capital.
Additionally, during July 2007, the Company invested approximately $81.7 million of preferred equity capital in
a portfolio comprised of 403 net leased properties which are divided into 30 master leased pools with each pool leased
to individual corporate operators. These properties consist of a diverse array of free-standing restaurants, fast food
restaurants, convenience and auto parts stores. As of December 31, 2009, these properties were encumbered by third
party loans aggregating approximately $418.5 million with interest rates ranging from 5.08% to 10.47% with a weighted
average interest rate of 9.3% and maturities ranging from two years to 13 years.
During June 2002, the Company acquired a 90% equity participation interest in an existing leveraged lease of 30
properties. The properties are leased under a long-term bond-type net lease whose primary term expires in 2016, with
the lessee having certain renewal option rights. The Company’s cash equity investment was approximately $4.0 million.
This equity investment is reported as a net investment in leveraged lease in accordance with the FASB’s Lease guidance.
The net investment in leveraged lease reflects the original cash investment adjusted by remaining net rentals, estimated
unguaranteed residual value, unearned and deferred income and deferred taxes relating to the investment.
As of December 31, 2009, 18 of these leveraged lease properties were sold, whereby the proceeds from the sales
were used to pay down the mortgage debt by approximately $31.2 million. As of December 31, 2009, the remaining 12
properties were encumbered by third-party non-recourse debt of approximately $38.4 million that is scheduled to fully
amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease. As an
equity participant in the leveraged lease, the Company has no recourse obligation for principal or interest payments on the
debt, which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease. Accordingly,
this debt has been offset against the related net rental receivable under the lease.
EFFECTS OF INFLATION
Many of the Company’s leases contain provisions designed to mitigate the adverse impact of inflation. Such
provisions include clauses enabling the Company to receive payment of additional rent calculated as a percentage of
tenants’ gross sales above pre-determined thresholds, which generally increase as prices rise, and/or escalation clauses,
which generally increase rental rates during the terms of the leases. Such escalation clauses often include increases
based upon changes in the consumer price index or similar inflation indices. In addition, many of the Company’s leases
are for terms of less than 10 years, which permits the Company to seek to increase rents to market rates upon renewal.
Most of the Company’s leases require the tenant to pay an allocable share of operating expenses, including common
area maintenance costs, real estate taxes and insurance, thereby reducing the Company’s exposure to increases in costs
and operating expenses resulting from inflation. The Company periodically evaluates its exposure to short-term interest
rates and foreign currency exchange rates and will, from time-to-time, enter into interest rate protection agreements and/
or foreign currency hedge agreements which mitigate, but do not eliminate, the effect of changes in interest rates on its
floating-rate debt and fluctuations in foreign currency exchange rates.
MARKET AND ECONOMIC CONDITIONS; REAL ESTATE AND RETAIL SHOPPING SECTOR
In the U.S., market and economic conditions have remained challenging. Although credit conditions have improved
from the prior year, they remain volatile. During 2009, continued concerns about the systemic impact of the availability
and cost of credit, the U.S. mortgage market and fluctuations in the real estate markets have contributed to continued
market volatility and diminished expectations for the U.S. economy. These conditions, combined with low levels of
business and consumer confidence and high unemployment have contributed to volatility and little to no growth in the
U.S. and international economies.
67
Historically, real estate has been subject to a wide range of cyclical economic conditions that affect various real
estate markets and geographic regions with differing intensities and at different times. Different regions of the United
States have and may continue to experience varying degrees of economic growth or distress. Adverse changes in general
or local economic conditions could result in the inability of some tenants of the Company to meet their lease obligations
and could otherwise adversely affect the Company’s ability to attract or retain tenants. The Company’s shopping centers
are typically anchored by two or more national tenants who generally offer day-to-day necessities, rather than high-priced
luxury items. In addition, the Company seeks to reduce its operating and leasing risks through ownership of a portfolio
of properties with a diverse geographic and tenant base.
The Company monitors potential credit issues of its tenants, and analyzes the possible effects to the financial
statements of the Company and its unconsolidated joint ventures. In addition to the collectability assessment of outstanding
accounts receivable, the Company evaluates the related real estate for recoverability as well as any tenant related deferred
charges for recoverability, which may include straight-line rents, deferred lease costs, tenant improvements, tenant
inducements and intangible assets.
The retail shopping sector has been negatively affected by recent economic conditions, particularly in the Western
United States (primarily California). These conditions may result in the Company’s tenants delaying lease commencements
or declining to extend or renew leases upon expiration. These conditions also have forced some weaker retailers, in some
cases, to declare bankruptcy and/or close stores. Certain retailers have announced store closings even though they have
not filed for bankruptcy protection. However, any of these particular store closings affecting the Company often represent
a small percentage of the Company’s overall gross leasable area and the Company does not currently expect store closings
to have a material adverse effect on the Company’s overall performance.
The decline in market conditions has also had a negative effect on real estate transactional activity as it relates to
the acquisition and sale of real estate assets. The Company believes that the lack of real estate transactions will continue
throughout 2010, which will curtail the Company’s growth in the near term.
NEW ACCOUNTING PRONOUNCEMENTS
In June 2009, the FASB issued guidance (the “Codification”) which established the FASB ASC as the source of
authoritative GAAP recognized by the FASB to be applied by nongovernmental entities. This guidance was effective
for financial statements issued for interim and annual periods ending after September 15, 2009. On the effective date
of this Statement, the Codification superseded all existing non-SEC accounting and reporting guidance. All other
non-grandfathered non-SEC accounting literature not included in the Codification has become non-authoritative. The
Company adopted the Codification during the third quarter of 2009 and as such has appropriately adjusted references to
authoritative accounting literature appearing in this annual report on Form 10-K.
In December 2007, the FASB issued additional Business Combinations guidance. The objective of this guidance
is to improve the relevance, representational faithfulness and comparability of the information that a reporting entity
provides in its financial reports about a business combination and its effects. To accomplish that, this guidance establishes
principles and requirements for how the acquirer: (i) recognizes and measures in its financial statements the identifiable
assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree, (ii) recognizes and measures the
goodwill acquired in the business combination or a gain from a bargain purchase, (iii) determines what information to
disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination
and (iv) requires expensing of transaction costs associated with a business combination. This guidance applies prospectively
to business combinations for which the acquisition date is on or after the first annual reporting period beginning on or
after December 15, 2008. As of December 31, 2009 the adoption of this guidance has not had a material effect on the
Company’s financial position or results of operations.
In April 2009, the FASB issued additional Business Combinations guidance, which amended and clarified the
previous guidance to address application issues on initial recognition and measurement, subsequent measurement and
accounting, and disclosure of assets and liabilities arising from contingencies in a business combination. This additional
guidance has been applied prospectively to business combinations for which the acquisition date is on or after January
1, 2009. As of December 31, 2009 the adoption of this guidance has not had a material effect on the Company’s financial
position or results of operations.
In December 2007, the FASB issued further Consolidations guidance, which establishes accounting and reporting
standards that require the ownership interests in subsidiaries held by parties other than the parent be clearly identified,
labeled and presented in the consolidated statement of financial position within equity, but separate from the parent’s
68
equity; the amount of consolidated net earnings attributable to the parent and to the noncontrolling interest be clearly
identified and presented on the face of the consolidated statement of operations; changes in a parent’s ownership interest
while the parent retains its controlling financial interest in its subsidiary be accounted for consistently; when a subsidiary
is deconsolidated, any retained noncontrolling equity investment in the former subsidiary be initially measured at fair
value; and entities provide sufficient disclosures that clearly identify and distinguish between the interests of the parent
and the interests of the noncontrolling owners. The objective of the guidance is to improve the relevance, comparability,
and transparency of the financial information that a reporting entity provides in its consolidated financial statements.
This guidance was effective for fiscal years beginning on or after December 15, 2008. As required, the Company has
retrospectively applied the presentation to its prior year balances in its Consolidated Financial Statements. The adoption
of this guidance resulted in the recording of approximately $8.0 million in income on the Company’s Statement of
Operations for the year ended December 31, 2009 as a result of remeasuring the Company’s equity interests to fair value,
in entities where there was a change in control.
In March 2008, the FASB issued Derivatives and Hedging guidance, which amends and expands the previous
disclosure requirements to require qualitative disclosure about objectives and strategies for using derivatives, quantitative
disclosures about fair value amounts of and gains and losses on derivative instruments and disclosures about credit-risk-
related contingent features in derivative agreements. This guidance is to be applied prospectively for the first annual
reporting period beginning on or after November 15, 2008, with early application encouraged. This guidance also
encourages, but does not require, comparative disclosures for earlier periods at initial adoption. The adoption of this
guidance did not have a material impact on the Company’s disclosures.
In April 2008, the FASB issued additional Intangibles-Goodwill and Other guidance, which amended the factors
that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized
intangible asset. The addition to the guidance is intended to improve the consistency between the useful life of an
intangible asset and the period of expected cash flows used to measure the fair value of the asset. This additional guidance
for determining the useful life of a recognized intangible asset shall be applied prospectively to intangible assets acquired
after the effective date. The disclosure requirements in this guidance shall be applied prospectively to all intangible
assets recognized as of, and subsequent to, the effective date. This guidance was effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years. The adoption of this
guidance did not have a material impact on the Company’s financial position or results of operations.
In June 2008, the FASB issued additional Earnings Per Share guidance, which classifies unvested share-based
payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) as
participating securities and requires them to be included in the computation of earnings per share pursuant to the two-
class method. This guidance was effective for financial statements issued for fiscal years beginning after December 15,
2008. All prior-period earnings per share data presented are to be adjusted retrospectively. The Company’s adoption of
this guidance did not have a material impact on the Company’s financial position or results of operations.
In November 2008, the FASB issued Investments-Equity Method and Joint Ventures guidance that clarifies the
accounting for certain transactions and impairment considerations involving equity method investments. This guidance
applies to all investments accounted for under the equity method. It was effective for fiscal years and interim periods
beginning on or after December 15, 2008. The adoption of this guidance did not have a material impact on the Company’s
financial position or results of operations.
In April 2009, the FASB issued Fair Value Measurements and Disclosures guidance that provides additional direction
for estimating fair value when the volume and level of activity for the asset or liability have significantly decreased. This
guidance also includes information on identifying circumstances that indicate a transaction is not orderly. Additionally,
this guidance emphasizes that even if there has been a significant decrease in the volume and level of activity for the asset
or liability and regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that
is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market
conditions. This guidance was effective for interim and annual reporting periods ending after June 15, 2009, and shall be
applied prospectively. The adoption of this guidance did not have a material impact on the Company’s financial position
or results of operations.
In April 2009, the FASB issued Investments-Debt and Equity Securities guidance, which amends the other-than-
temporary impairment guidance in GAAP for debt securities to make the guidance more operational and to improve
the presentation and disclosure of other-than-temporary impairments on debt and equity securities in the financial
69
statements. This guidance does not amend existing recognition and measurement guidance related to other-than-
temporary impairments of equity securities. The guidance shall be effective for interim and annual reporting periods
ending after June 15, 2009. The adoption of this guidance did not have a material impact on the Company’s financial
position or results of operations.
In April 2009, the FASB issued Financial Instruments guidance, which amends previous guidance to require
disclosures about fair value of financial instruments for interim reporting periods of publicly traded companies as well as
in annual financial statements. It also requires those disclosures in summarized financial information at interim reporting
periods. This guidance is effective for interim reporting periods ending after June 15, 2009. The adoption of this guidance
did not have a material impact on the Company’s disclosures.
In May 2009, the FASB issued Subsequent Events guidance, which provides further direction to establish general
standards of accounting for and disclosures of events that occur after the balance sheet date but before financial statements
are issued or are available to be issued. This guidance also requires entities to disclose the date through which subsequent
events were evaluated as well as the rationale for why that date was selected. This disclosure should alert all users of
financial statements that an entity has not evaluated subsequent events after that date in the set of financial statements
being presented. This guidance was effective for interim and annual reporting periods ending after June 15, 2009. The
Company’s adoption of this guidance did not have a material impact on the Company’s financial position or results
of operations.
In June 2009, the FASB issued Transfers and Servicing guidance, which amends the previous derecognition guidance
and eliminates the exemption from consolidation for qualifying special-purpose entities. This guidance is effective for
financial asset transfers occurring after the beginning of an entity’s first fiscal year that begins after November 15, 2009.
This guidance will be effective for the Company beginning in fiscal 2010. The Company does not expect the adoption of
this guidance to have a material impact on the Company’s financial position or results of operations.
In June 2009, the FASB issued Consolidation guidance, which amends the previous consolidation guidance applicable
to variable interest entities. The amendments will significantly affect the overall consolidation analysis previously
required. This guidance is effective as of the beginning of the first fiscal year that begins after November 15, 2009, early
adoption is prohibited. It will be effective for the Company beginning in fiscal 2010. The Company is currently assessing
its joint venture investments to determine the impact the adoption of this guidance will have on the Company’s financial
position and results of operations however, the Company does not expect the adoption of this guidance to have a material
impact on the Company’s financial position or results of operations.
During January 2010, the FASB issued Accounting Standards Update 2010-02, Consolidation guidance, which
amends and clarifies that the decrease in ownership guidance provided in the Consolidation guidance does not apply to
sales of in substance real estate. This update clarifies that an entity should apply the FASB’s real estate sales guidance
to such transactions. The Company does not expect the adoption of this guidance to have a material impact on the
Company’s financial position or results of operations.
70
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company’s primary market risk exposure is interest rate risk. The following table presents the Company’s
aggregate fixed rate and variable rate domestic and foreign debt obligations outstanding as of December 31, 2009, with
corresponding weighted-average interest rates sorted by maturity date. The table does not include extension options
where available. Amounts include fair value purchase price allocation adjustments for assumed debt. The information
is presented in U.S. dollar equivalents, which is the Company’s reporting currency. The instruments’ actual cash flows
are denominated in U.S. dollars, Canadian dollars and Mexican pesos as indicated by geographic description ($USD
equivalent in millions).
2010
2011
2012
2013
2014
2015+
Total
Fair Value
U.S. Dollar Denominated
Secured Debt
Fixed Rate . . . . . . . . . . . . . $ 16.4
Average Interest Rate . . . . .
Variable Rate . . . . . . . . . . . $116.6
Average Interest Rate . . . . .
$ 42.7
$146.0
$181.6
$227.1
$ 546.4
$ 1,160.2
$ 1,217.7
8.47% 7.33% 6.28% 6.60% 6.31%
$ 42.0
$ 94.6
$
2.08% 4.49% 3.08%
— $ 20.7
—
2.13%
$
6.91%
6.70%
— $ 273.9
—
3.03%
$ 202.5
Unsecured Debt
Fixed Rate . . . . . . . . . . . . . $ 71.8
Average Interest Rate . . . . .
Variable Rate . . . . . . . . . . . $
Average Interest Rate . . . . .
$342.1
$215.9
$276.2
$295.3
$ 1,241.0
$ 2,442.3
$ 2,558.6
5.56% 6.35% 6.00% 5.40% 5.20%
9.4
0.96% 0.66%
— $
—
— $
—
— $
—
$139.5
$
5.89%
5.82%
— $ 148.9
—
0.96%
$ 141.5
Canadian Dollar
Denominated
Unsecured Debt
Fixed Rate . . . . . . . . . . . . . $142.5
Average Interest Rate . . . . .
4.45%
$
— $
—
— $190.0
—
5.18%
$
— $
—
— $ 332.5
—
4.87%
$ 330.1
Mexican Pesos
Denominated
Unsecured Debt
Fixed Rate . . . . . . . . . . . . . $
Average Interest Rate . . . . .
— $
—
— $
—
— $ 76.6
—
8.58%
$
— $
—
— $
—
76.6
8.58%
$
68.9
Based on the Company’s variable-rate debt balances, interest expense would have increased by approximately
$4.2 million in 2009 if short-term interest rates were 1.0% higher.
As of December 31, 2009, the Company had (i) Canadian investments totaling CAD $473.1 million (approximately
USD $449.6 million) comprised of real estate joint venture investments and marketable securities, (ii) Mexican real estate
investments of approximately MXP 8.5 billion (approximately USD $641.2 million), (iii) Chilean real estate investments
of approximately 14.5 billion Chilean Pesos (approximately USD $27.2 million), (iv) Peruvian real estate investments of
approximately 7.3 million Peruvian Nuevo Sol (approximately USD $2.5 million), (v) Brazilian real estate investments of
approximately 53.0 million Brazilian Real (“BRL”) (approximately USD $30.5 million) and (vi) Australian investments
in marketable securities of approximately AUD 191.1 million (approximately USD $149.4 million). The foreign currency
exchange risk has been partially mitigated, but not eliminated, through the use of local currency denominated debt.
The Company has not, and does not plan to, enter into any derivative financial instruments for trading or speculative
purposes. As of December 31, 2009, the Company has no other material exposure to market risk.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The response to this Item 8 is included in our audited Notes to Consolidated Financial Statements, which are
contained in a separate section of this annual report on Form 10-K.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
71
ITEM 9A. CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
The Company’s management, with the participation of the Company’s chief executive officer and chief financial
officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined
in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of
the end of the period covered by this report. Based on such evaluation, the Company’s chief executive officer and chief
financial officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures
are effective.
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
There have not been any changes in the Company’s internal control over financial reporting (as such term is
defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth fiscal quarter to which this report
relates that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over
financial reporting.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as
such term is defined in Exchange Act Rule 13a-15(f). Under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, we conducted an evaluation of the effectiveness of our
internal control over financial reporting based on the framework in Internal Control - Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission. Based on our evaluation under the framework
in Internal Control-Integrated Framework, our management concluded that our internal control over financial reporting
was effective as of December 31, 2009.
The effectiveness of our internal control over financial reporting as of December 31, 2009, has been audited by
PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report which is
included herein.
ITEM 9B. OTHER INFORMATION
None
72
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
Incorporated herein by reference to the Company’s definitive proxy statement to be filed with respect to its Annual
Meeting of Stockholders expected to be held on May 5, 2010.
Information with respect to the Executive Officers of the Registrant follows Part I, Item 4 of this annual report on
Form 10-K.
On July 1, 2009, the Company’s Chief Executive Officer submitted to the NYSE the annual certification required by
Section 303A.12 (a) of the NYSE Company Manual. In addition, the Company has filed with the Securities and Exchange
Commission as exhibits to this Form 10-K the certifications, required pursuant to Section 302 of the Sarbanes-Oxley Act,
of its Chief Executive Officer and Chief Financial Officer relating to the quality of its public disclosure.
If the Company makes any substantive amendments to its Code of Business Conduct and Ethics or grant any waiver,
including any implicit waiver, from a provision of the Code to the Chief Executive Officer, Chief Financial Officer or
Chief Accounting Officer, the Company will disclose the nature of the amendment or waiver on its website or in a report
on Form 8-K.
ITEM 11. EXECUTIVE COMPENSATION
Incorporated herein by reference to the Company’s definitive proxy statement to be filed with respect to its Annual
Meeting of Stockholders expected to be held on May 5, 2010.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS
Incorporated herein by reference to the Company’s definitive proxy statement to be filed with respect to its Annual
Meeting of Stockholders expected to be held on May 5, 2010.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR
INDEPENDENCE
Incorporated herein by reference to the Company’s definitive proxy statement to be filed with respect to its Annual
Meeting of Stockholders expected to be held on May 5, 2010.
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
Incorporated herein by reference to the Company’s definitive proxy statement to be filed with respect to its Annual
Meeting of Stockholders expected to be held on May 5, 2010.
73
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
PART IV
(a) 1. Financial Statements -
Form 10-K
Report
Page
The following consolidated financial information is included as a separate section of this annual
report on Form 10-K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Report of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Financial Statements
Consolidated Balance Sheets as of December 31, 2009 and 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Operations for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Comprehensive Income for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Changes in Equity for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Cash Flows for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Financial Statement Schedules -
Schedule II - Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule III - Real Estate and Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedule IV - Mortgage Loans on Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
All other schedules are omitted since the required information is not present or is not present in
amounts sufficient to require submission of the schedule.
3. Exhibits -
80
81
82
83
84
85
87
88
144
145
157
The exhibits listed on the accompanying Index to Exhibits are filed as part of this report. . . . . . . .
158
74
Form 10-K
Page
INDEX TO EXHIBITS
Exhibits
2.1
Form of Plan of Reorganization of Kimco Realty Corporation [Incorporated by reference to
Exhibit 2.1 to the Company’s Registration Statement on Form S-11 No. 33-42588].
2.2 Agreement and Plan of Merger by and between Kimco Realty Corporation, KRC CT
Acquisition Limited Partnership, KRC PC Acquisition Limited Partnership, Pan Pacific
Retail Properties, Inc., CT Operating Partnership L.P., and Western/PineCreek, Ltd. dated
July 9, 2006. [Incorporated by reference to Exhibit 2.1 to the Company’s Form 10-Q filed
July 28, 2006].
2.3 Amendment No. 1 to Agreement and Plan of Merger, dated as of October 30, 2006, by and
between Kimco Realty Corporation, KRC CT Acquisition Limited Partnership, KRC PC
Acquisition Limited Partnership, Pan Pacific Retail Properties, Inc., CT Operating Partnership
L.P., and Western/PineCreek, Ltd. [Incorporated by reference to Exhibit 2.1 to the Company’s
Current Report on Form 8-K dated November 3, 2006].
2.4 Entity Purchase and Sale Agreement, dated November 4, 2009, between Kimco PL Retail, Inc.
and DRA PL Retail Real Estate Investment Trust [Incorporated by reference to Exhibit 2.1 to
the Company’s Current Report on form 8-K/A dated November 4, 2009].
3.1 Articles of Amendment and Restatement of the Company, dated August 4, 1994 [Incorporated
by reference to Exhibit 3.1 to the Company’s Annual Report on Form 10-K for the year ended
December 31, 1994].
3.1(ii) Articles Supplementary relating to the 8 1/2% Class B Cumulative Redeemable Preferred
Stock, par value $1.00 per share, of the Company, dated July 25, 1995. [Incorporated by
reference to Exhibit 3.3 to the Company’s Annual Report on Form 10-K for the year ended
December 31, 1995 (file #1-10899) the “1995 Form 10-K”)].
3.1(iii) Articles Supplementary relating to the 8 3/8% Class C Cumulative Redeemable Preferred
Stock, par value $1.00 per share, of the Company, dated April 9, 1996 [Incorporated by
reference to Exhibit 3.4 to the Company’s Annual Report on Form 10-K for the year ended
December 31, 1996].
3.1(iv) Articles Supplementary relating to the 7 1/2% Class D Cumulative Convertible Preferred
Stock, par value $1.00 per share, of the Company [Incorporated by reference to Exhibit A of
Annex A of the Company’s and The Price REIT, Inc.’s Joint Proxy Statement/Prospectus on
Form S-4 filed May 14, 1998].
3.1(v) Articles Supplementary relating to the Class E Floating Rate Cumulative Preferred Stock, par
value $1.00 per share, of the Company [Incorporated by reference to Exhibit B of Exhibit 4(a)
of the Company’s Current Report on Form 8-K dated June 4, 1998].
3.1(vi) Articles Supplementary relating to the 6.65% Class F Cumulative Redeemable Preferred
Stock, par value $1.00 per share, of the Company, dated May 7, 2003 [Incorporated by
reference to the Company’s filing on Form 8-A dated June 3, 2003].
3.1(vii) Articles Supplementary relating to the 7.75% Class G Cumulative Redeemable Preferred
Stock, par value $1.00 per share, of the Company, dated October 2, 2007 [Incorporated by
reference to the Company’s filing on Form 8-A12B dated October 9, 2007].
3.2 Amended and Restated By-laws of the Company dated February 25, 2009 [Incorporated by
reference to Exhibit 3.2 to the Company’s Annual Report on Form 10-K for the year ended
December 31, 2008].
4.1 Agreement of the Company pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K [Incorporated
by reference to Exhibit 4.1 to Amendment No. 3 to the Company’s Registration Statement on
Form S-11 No. 33-42588].
4.2 Certificate of Designations [Incorporated by reference to Exhibit 4(d) to Amendment No.
1 to the Registration Statement on Form S-3 dated September 10, 1993 (the “Registration
Statement”, Commission File No. 33-67552)].
75
Form 10-K
Page
Exhibits
4.3
4.4
4.5
4.6
Indenture dated September 1, 1993, between Kimco Realty Corporation and Bank of New
York (as successor to IBJ Schroder Bank and Trust Company) [Incorporated by reference to
Exhibit 4(a) to the Registration Statement].
First Supplemental Indenture, dated as of August 4, 1994. [Incorporated by reference to
Exhibit 4.6 to the 1995 Form 10-K.]
Second Supplemental Indenture, dated as of April 7, 1995 [Incorporated by reference to
Exhibit 4(a) to the Company’s Current Report on Form 8-K dated April 7, 1995 (the “April
1995 8-K”)].
Indenture dated April 1, 2005, between Kimco North Trust III, Kimco Realty Corporation,
as Guarantor and BNY Trust Company of Canada, as Trustee [Incorporated by reference to
Exhibit 4.1 to the Company’s Current Report on Form 8-K dated April 21, 2005].
4.7 Third Supplemental Indenture dated as of June 2, 2006. [Incorporated by reference to Exhibit
4.8
4.9
4.10
4.11
4.12
4.1 to the Company’s Current Report on Form 8-K dated June 5, 2006].
Fifth Supplemental Indenture, dated as of October 31, 2006, among Kimco Realty
Corporation, Pan Pacific Retail Properties, Inc. and Bank of New York Trust Company, N.A.,
as trustee [Incorporated by reference to Exhibit 4.1 to the Company’s Current Report on
Form 8-K dated November 3, 2006 (the “November 2006 8-K”)].
First Supplemental Indenture, dated as of October 31, 2006, among Kimco Realty
Corporation, Pan Pacific Retail Properties, Inc. and Bank of New York Trust Company, N.A.,
as trustee [Incorporated by reference to Exhibit 4.2 to the November 2006 8-K].
First Supplemental Indenture, dated as of June 2, 2006, among Kimco North Trust III,
Kimco Realty Corporation, as Guarantor and BNY Trust Company of Canada, as trustee.
[Incorporated by reference to Exhibit 4.12 to the Company’s Annual Report on Form 10-K
for the year ended December 31, 2006 (the “2006 Form 10-K”)].
Second Supplemental Indenture, dated as of August 16, 2006,among Kimco North Trust III,
Kimco Realty Corporation, as Guarantor and BNY Trust Company of Canada, as trustee.
[Incorporated by reference to Exhibit 4.13 to the 2006 Form 10-K].
Fifth Supplemental Indenture, dated September 24, 2009, between Kimco Realty Corporation
and The Bank of New York Mellon, as trustee [Incorporated by reference to Exhibit 4.1 to the
Company’s Current Report on Form 8-K dated September 17, 2009].
10.1 Management Agreement between the Company and KC Holdings, Inc. [Incorporated by
reference to Exhibit 10.2 to the Company’s Registration Statement on Form S-11 No. 33-47915].
10.2 Amended and Restated Stock Option Plan [Incorporated by reference to Exhibit 10.3 to the
1995 Form 10-K].
10.3 CAD $150,000,000 Credit Agreement dated September 21, 2004, among Kimco North Trust
I, North Trust II, North Trust III, North Trust V, North Trust VI, Kimco North Loan Trust
IV, Kimco Realty Corporation, the Several Lenders from Time-to-Time Parties Hereto, Royal
Bank of Canada, as Issuing Lender and Administrative Agent, The Bank of Nova Scotia
and Bank of America, N.A., as Syndication Agents, Canadian Imperial Bank of Commerce
as Documentation Agent and RBC Capital Markets, as Bookrunner and Lead Arranger
[Incorporated by reference to Exhibit 10.14 to the Company’s Current Report on Form 8-K
dated September 21, 2004].
10.4 CAD $250,000,000 Amended and Restated Credit Facility dated March 31, 2005, with
Royal Bank of Canada, as Issuing Lender and Administrative Agent and various lenders
[Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K
dated March 31, 2005].
10.5 CAD $250,000,000 Amended and Restated Credit Facility dated January 25, 2006, with Royal
Bank of Canada, as Issuing Lender and Administrative Agent and various lenders.
76
Form 10-K
Page
Exhibits
10.6
$1.5 Billion Credit Agreement, dated as of October 25, 2007, among Kimco Realty
Corporation, the subsidiaries of Kimco from time-to-time parties thereto, the several banks,
financial institutions and other entities from time-to-time parties thereto, Bank of America,
N.A., the Bank of Nova Scotia, New York Agency, and Wachovia Bank, National Association,
as Syndication Agents, UBS Securities LLC, Deutsche Bank Securities, Inc., Royal Bank
of Canada and the Royal Bank of Scotland PLC, as Documentation Agents, the Bank of
Tokyo-Mitsubishi UFJ, Ltd., Citicorp North America, Inc., Merrill Lynch Bank USA, Morgan
Stanley Bank, Regions Bank, Sumitomo Mitsui Banking Corporation and U.S. Bank National
Association, as Managing Agents, The Bank of New York, Barclays Bank PLC, Eurohypo
AG New York Branch, Suntrust Bank and Wells Fargo Bank National Association, as Co-
Agents, and JPMorgan Chase Bank, N.A., as Administrative Agent for the lenders thereunder.
[Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K
dated October 25, 2007].
10.7 Employment Agreement between Kimco Realty Corporation and David B. Henry, dated
March 8, 2007. [Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on
Form 8-K dated March 21, 2007].
10.8 CAD $250,000,000 Amended and Restated Credit Facility dated January 11, 2008, with
Royal Bank of Canada as Issuing Lender and Administrative Agent and various lenders.
[Incorporated by reference to Exhibit 10.17 to the Company’s Annual Report on Form 10-K
for the year ended December 31, 2007].
Second Amended and Restated 1998 Equity Participation Plan of Kimco Realty Corporation
(restated February 25, 2009) [Incorporated by reference to Exhibit 10.9 to the Company’s
Annual Report on Form 10-K for the year ended December 31, 2008].
10.9
10.10 Employment Agreement between Kimco Realty Corporation and Michael V. Pappagallo dated
November 3, 2008. [Incorporated by reference to Exhibit 10.1 to the Company’s Form 10-Q
filed on November 10, 2008].
10.11 Letter Agreement dated November 3, 2008 and Employment Agreement dated November 3,
2008 between Kimco Realty Corporation and David R. Lukes. [Incorporated by reference to
Exhibit 10.2 to the Company’s Form 10-Q filed on November 10, 2008].
10.12 Amendment to Employment Agreement between Kimco Realty Corporation and David B.
Henry dated December 17, 2008. [Incorporated by reference to Exhibit 10.1 to the Company’s
Current Report on Form 8-K dated January 7, 2009 (the “January 2009 8-K”)].
10.13 Amendment to Employment Agreement between Kimco Realty Corporation and Michael
V. Pappagallo dated December 17, 2008. [Incorporated by reference to Exhibit 10.2 to the
January 2009 8-K].
10.15
10.14 Amendment to Employment Agreement between Kimco Realty Corporation and David R.
Lukes dated December 17, 2008. [Incorporated by reference to Exhibit 10.3 to the January
2009 8-K].
Form of Indemnification Agreement [Incorporated by reference to Exhibit 10.16 to the
Company’s Annual Report on Form 10-K for the year ended December 31, 2008].
10.16 Employment Agreement between Kimco Realty Corporation and Glenn G. Cohen dated
February 25, 2009 [Incorporated by reference to Exhibit 10.17 to the Company’s Annual
Report on Form 10-K for the year ended December 31, 2008].
$650 Million Credit Agreement, dated as of August 26, 2008, among PK Sale LLC, as
borrower, PRK Holdings I LLC, PRK Holdings II LLC and PK Holdings III LLC, as
guarantors, Kimco Realty Corporation, as guarantor, the lenders party hereto from time to
time, JP Morgan Chase Bank, N.A., as Administrative Agent and Wachovia Bank, National
Association, The Bank Of Nova Scotia, as Syndication AgentsBank of America, N.A.,
as Co-Syndication Agents, Wells Fargo Bank, National Association and Royal Bank of
Canada, as Co-Documentation Agents.
10.17
77
Exhibits
10.18
1 billion MXP Credit Agreement, dated as of March 3, 2008, among KRC Mexico
Acquisition, LLC, as borrower, Kimco Realty Corporation, as guarantor, and Scotiabank
Inverlat, S.A., Institucio De Banca Multiple, Grupo Financiero Scotiabank Inverlat, as lender
[Incorporated by reference to Exhibit 10.19 to the Company’s Annual Report on Form 10-K
for the year ended December 31, 2008].
10.19 Credit Agreement, dated as of April 17, 2009, among the Company, The Bank of Nova Scotia,
as administrative agent, joint lead arranger and joint bookrunner, RBC Capital Markets, as
syndication agent, joint lead arranger and joint bookrunner, PNC Bank, National Association,
Regions Bank and U.S. Bank National Association as documentation agents, and The Bank
of Nova Scotia, Royal Bank of Canada, PNC Bank, National Association, Regions Bank, U.S.
Bank National Association, Deutsche Bank Trust Company Americas, UBS Loan Finance
LLC, Bank of America, N.A., CIBC Inc., Citicorp North America, Inc., Wells Fargo Bank
NA and Barclays Bank PLC as lenders [Incorporated by reference to Exhibit 10.1 to the
Company’s Current Report on Form 8-K dated April 17, 2009].
10.20 Underwriting Agreement and Terms Agreement, dated April 3, 2009, by and among Kimco
Realty Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank
Securities Inc. and UBS Securities LLC as representatives of the several underwriters named
therein [Incorporated by reference to Exhibits 1.1 and 1.2 to the Company’s Current Report on
Form 8-K dated April 3, 2009].
10.21 Underwriting Agreement and Terms Agreement, dated September 17, 2009, by and
among Kimco Realty Corporation and J.P. Morgan Securities Inc., Morgan Stanley & Co.
Incorporated, Wells Fargo Securities, LLC, Barclays Capital Inc., RBC Capital Markets
Corporation, RBS Securities Inc. and Scotia Capital (USA) Inc. [Incorporated by reference to
Exhibits 1.1 and 1.2 to the Company’s Current Report on Form 8-K dated September 17, 2009].
10.22 Underwriting Agreement and Terms Agreement, dated December 8, 2009, by and among
Kimco Realty Corporation and Deutsche Bank Securities Inc. as representatives of the
several underwriters named therein [Incorporated by reference to Exhibits 1.1 and 1.2 to the
Company’s Current Report on Form 8-K dated December 8, 2009].
Subsidiaries of the Company
**12.1 Computation of Ratio of Earnings to Fixed Charges
**12.2 Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
**21.1
*23.1 Consent of PricewaterhouseCoopers LLP
*23.2 Consent of PricewaterhouseCoopers LLP
*23.3 Consent of PricewaterhouseCoopers LLP
*23.4 Consent of PricewaterhouseCoopers LLP
*23.5 Consent of PricewaterhouseCoopers LLP
**31.1 Certification of the Company’s Chief Executive Officer, David B. Henry, pursuant to Section
302 of the Sarbanes-Oxley Act of 2002
**31.2 Certification of the Company’s Chief Financial Officer, Michael V. Pappagallo, pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
**32.1 Certification of the Company’s Chief Executive Officer, David B. Henry, and the Company’s
Form 10-K
Page
161
162
163
164
165
Chief Financial Officer, Michael V. Pappagallo, pursuant to Section 906 of the Sarbanes-
Oxley Act of 2002
Intown Hospitality Investors LP and Subsidiaries Consolidated Financial Statements
**99.1
**99.2 Kimco Income Operating Partnership LP Consolidated Financial Statements
**99.3
**99.4
PRK Holdings I LLC and Subsidiaries Consolidated Financial Statements
PRK Holdings II LLC and Subsidiaries Consolidated Financial Statements
*
**
Filed herewith.
Incorporated by reference to the corresponding Exhibit to the Company’s Annual Report on Form 10-K filed on
March 1, 2010.
78
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SIGNATURES
KIMCO REALTY CORPORATION
(Registrant)
By:
/s/ David B. Henry
David B. Henry
Chief Executive Officer
Dated: February 26, 2010
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the date indicated.
Signature
Title
Date
/s/ Milton Cooper
Milton Cooper
/s/ David B. Henry
David B. Henry
/s/ David R. Lukes
David R. Lukes
/s/ Richard G. Dooley
Richard G. Dooley
/s/ Joe Grills
Joe Grills
/s/ F. Patrick Hughes
F. Patrick Hughes
/s/ Frank Lourenso
Frank Lourenso
/s/ Richard Saltzman
Richard Saltzman
/s/ Philip Coviello
Philip Coviello
/s/ Michael V. Pappagallo
Michael V. Pappagallo
/s/ Glenn G. Cohen
Glenn G. Cohen
/s/ Paul Westbrook
Paul Westbrook
Executive Chairman of the Board of Directors
February 26, 2010
Vice Chairman of the Board of Directors,
Chief Executive Officer, and
Chief Investment Officer
Executive Vice President -
Chief Operating Officer
Director
Director
Director
Director
Director
Director
Executive Vice President -
Chief Financial Officer and
Chief Administrative Officer
Senior Vice President -
Treasurer and
Chief Accounting Officer
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
February 26, 2010
Director of Accounting
February 26, 2010
79
ANNUAL REPORT ON FORM 10-K
ITEM 8, ITEM 15 (A) (1) AND (2)
INDEX TO FINANCIAL STATEMENTS
AND
FINANCIAL STATEMENT SCHEDULES
FORM 10-K
Page
KIMCO REALTY CORPORATION AND SUBSIDIARIES
Report of Independent Registered Public Accounting Firm. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Financial Statements and Financial Statement Schedules:
Consolidated Balance Sheets as of December 31, 2009 and 2008. . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Operations for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Comprehensive Income for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Changes in Equity for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statements of Cash Flows for the years ended
December 31, 2009, 2008 and 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Financial Statement Schedules:
81
82
83
84
85
87
88
II. Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
III. Real Estate and Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
IV. Mortgage Loans on Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
144
145
157
80
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders
of Kimco Realty Corporation:
In our opinion, the consolidated financial statements listed in the index appearing under Item 15(a)(1) present
fairly, in all material respects, the financial position of Kimco Realty Corporation and its subsidiaries (collectively, the
“Company”) at December 31, 2009 and 2008, and the results of their operations and their cash flows for each of the three
years in the period ended December 31, 2009, in conformity with accounting principles generally accepted in the United
States of America. In addition, in our opinion, the financial statement schedules listed in the index appearing under
Item 15(a)(2) present fairly, in all material respects, the information set forth therein when read in conjunction with the
related consolidated financial statements. Also in our opinion, the Company maintained, in all material respects, effective
internal control over financial reporting as of December 31, 2009, based on criteria established in Internal Control -
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The
Company’s management is responsible for these financial statements and financial statement schedules, for maintaining
effective internal control over financial reporting and for its assessment of the effectiveness of internal control over
financial reporting, included under Item 9A. Our responsibility is to express opinions on these financial statements, on
the financial statement schedules, and on the Company’s internal control over financial reporting based on our integrated
audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether
the financial statements are free of material misstatement and whether effective internal control over financial reporting
was maintained in all material respects. Our audits of the financial statements included examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used
and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of
internal control over financial reporting included obtaining an understanding of internal control over financial reporting,
assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of
internal control based on the assessed risk. Our audits also included performing such other procedures as we considered
necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.
As discussed in Note 1 to the Consolidated Financial Statements, the Company changed the manner in which it
accounts for noncontrolling interests in 2009.
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. A company’s internal control over financial reporting includes those policies
and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the company are being made only in accordance with authorizations
of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the
financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
/s/ PricewaterhouseCoopers LLP
New York, New York
February 26, 2010
81
KIMCO REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share information)
Assets:
Real Estate
Rental property
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Building and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less, accumulated depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . .
Real estate under development. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments and advances in real estate joint ventures . . . . . . . . . . . . . . . . . . . . . . . .
Other real estate investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages and other financing receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounts and notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deferred charges and prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities & Stockholders’ Equity:
Notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction loans payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accounts payable and accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Redeemable noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commitments and contingencies
Stockholders’ equity:
Preferred Stock, $1.00 par value, authorized 3,232,000 shares
Class F Preferred Stock, $1.00 par value, authorized 700,000 shares
Issued and outstanding 700,000 shares
Aggregate liquidation preference $175,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Class G Preferred Stock, $1.00 par value, authorized 184,000 shares
Issued and outstanding 184,000 shares
Aggregate liquidation preference $460,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Common stock, $.01 par value, authorized 750,000,000 shares
Issued and outstanding 405,532,566, 271,080,525 and
253,350,144, shares, respectively. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Paid-in capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cumulative distributions in excess of net income . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accumulated other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
December 31,
2009
December 31,
2008
$ 1,919,337
6,497,219
8,416,556
1,343,148
7,073,408
465,785
7,539,193
1,103,625
553,244
131,332
122,058
209,593
113,610
160,995
228,555
$10,162,205
$ 3,000,303
1,388,259
45,821
142,116
76,707
290,717
4,943,923
100,304
$ 1,395,645
5,454,296
6,849,941
1,159,664
5,690,277
968,975
6,659,252
1,161,382
566,324
181,992
136,177
258,174
93,732
122,481
217,633
$ 9,397,147
$ 3,440,818
847,491
268,337
151,241
131,097
237,577
5,076,561
115,853
700
184
700
184
4,055
5,283,204
(338,738)
4,949,405
(96,432)
4,852,973
265,005
5,117,978
$10,162,205
2,711
4,217,806
(58,162)
4,163,239
(179,541)
3,983,698
221,035
4,204,733
$ 9,397,147
The accompanying notes are an integral part of these consolidated financial statements.
82
KIMCO REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended 2009, 2008 and 2007
(in thousands, except per share data)
Revenues from rental property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Rental property expenses:
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Real estate taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Operating and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Impairment of property carrying values. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgage and other financing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Management and other fee income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
General and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest, dividends and other investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income from other real estate investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on sale of development properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Impairments:
Real estate under development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments in other real estate investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Marketable securities and other investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Investments in real estate joint ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Loss)/income from continuing operations before income taxes and equity in
income of joint ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Benefit for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equity in income of joint ventures, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income from continuing operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Discontinued operations:
(Loss)/income from discontinued operating properties. . . . . . . . . . . . . . . . . . . . . . . .
Loss on operating properties held for sale/sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on disposition of operating properties, net of tax . . . . . . . . . . . . . . . . . . . . . . . .
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on transfer of operating properties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loss on sale of operating properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on sale of operating properties, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total gain on transfer or sale of operating properties, net of tax . . . . . . . . . .
Income before extraordinary item. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extraordinary gain from joint venture resulting from purchase price allocation,
2009
$ 786,887
Year Ended December 31,
2008
$ 758,704
2007
$ 674,534
(14,082)
(112,405)
(110,056)
(50,000)
14,956
42,486
(227,729)
(110,091)
33,098
(893)
(209,879)
36,199
5,751
(2,100)
(49,279)
(30,050)
(43,658)
(40,845)
36,622
6,309
2,086
(172)
(141)
421
108
26
(111)
3,952
3,867
6,061
(13,367)
(98,005)
(104,698)
—
18,333
47,666
(206,002)
(116,187)
56,119
(2,208)
(212,591)
86,643
36,565
(13,613)
—
(118,416)
(15,500)
103,443
12,974
132,208
248,625
6,577
(598)
20,018
25,997
1,195
—
587
1,782
276,404
(12,131)
(82,508)
(89,098)
—
14,197
54,844
(190,116)
(101,829)
36,238
(10,550)
(213,086)
78,524
40,099
(8,500)
—
(5,296)
—
185,322
31,850
173,362
390,534
35,608
(1,832)
5,538
39,314
—
—
2,708
2,708
432,556
net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net income attributable to noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income attributable to the Company . . . . . . . . . . . . . . . . . . . . . . . .
Preferred stock dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income available to common shareholders . . . . . . . . . . . . . . . . . . .
—
6,061
(10,003)
(3,942)
(47,288)
$ (51,230)
—
276,404
(26,502)
249,902
(47,288)
$ 202,614
54,340
486,896
(44,066)
442,830
(19,659)
$ 423,171
Per common share:
(Loss)/income from continuing operations:
-Basic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
-Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income :
-Basic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
-Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
$
$
(0.15)
(0.15)
(0.15)
(0.15)
$
$
$
$
0.69
0.69
0.79
0.78
$
$
$
$
1.35
1.32
1.68
1.65
Weighted average shares:
-Basic. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
-Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
350,077
350,077
257,811
258,843
252,129
257,058
Amounts attributable to the Company's common shareholders:
(Loss)/income from continuing operations, net of tax . . . . . . . . . . . . . . . . . . . . . . . .
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extraordinary gain, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ (51,338)
108
—
$ (51,230)
$ 177,898
24,716
—
$ 202,614
$ 339,332
33,574
50,265
$ 423,171
The accompanying notes are an integral part of these consolidated financial statements.
83
KIMCO REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands)
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other comprehensive income:
Change in unrealized gain/(loss) on marketable securities . . . . . . . . . . . . .
Change in unrealized loss on interest rate swaps . . . . . . . . . . . . . . . . . . . . .
Change in unrealized loss on foreign currency
hedge agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Change in foreign currency translation adjustment . . . . . . . . . . . . . . . . . . .
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Comprehensive loss/(income) attributable to noncontrolling interests. . . . . . .
Comprehensive income attributable to the Company . . . . . . . . . . . . . . . . . . . .
Year Ended December 31,
2009
$ 6,061
2008
$ 276,404
2007
$ 486,896
43,662
(233)
(71,535)
(170)
(25,803)
(176)
—
20,658
64,087
70,148
9,019
$79,167
—
(149,836)
(221,541)
54,863
(17,801)
$ 37,062
(1,294)
15,696
(11,577)
475,319
(45,959)
$ 429,360
The accompanying notes are an integral part of these consolidated financial statements.
84
KIMCO REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the Years Ended December 31, 2009, 2008 and 2007
(in thousands)
Retained
Earnings/
(Cumulative
Distributions
in Excess
of Net Income)
Accumulated
Other
Comprehensive
Income
Balance, January 1, 2007 . . . . . . . . . $
140,509
$
45,092
Preferred
Stock
700
$
Common
Stock
$ 2,509
Paid-in
Capital
$ 3,178,016
Total
Stockholders’
Equity
$3,366,826
Noncontrolling
Interests
$243,375
Total
Equity
$3,610,201
Comprehensive
Income
Contributions from noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . .
Other comprehensive income, net
of tax:
Change in unrealized loss on
marketable securities. . . . . . . . .
Change in unrealized loss on
interest rate swaps . . . . . . . . . . .
Change in unrealized loss on
foreign currency hedge
agreements . . . . . . . . . . . . . . . . .
Change in foreign currency
translation adjustment . . . . . . . .
Comprehensive income . . . . . . . . . .
Redeemable noncontrolling
interest . . . . . . . . . . . . . . . . . . . .
Dividends ($1.52 per common
share; $1.6625 per Class F
Depositary Share, and $0.4359
per Class G Depositary Share,
respectively) . . . . . . . . . . . . . . .
Distributions to noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Issuance of Preferred G Stock . . . . .
Redemption of units . . . . . . . . . . . . .
Issuance of common stock . . . . . . . .
Exercise of common stock options . .
Amortization of stock option
expense . . . . . . . . . . . . . . . . . . .
Balance, December 31, 2007 . . . . . .
Contributions from noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Comprehensive income:
Net income . . . . . . . . . . . . . . . . . . . .
Other comprehensive income, net
of tax:
Change in unrealized loss on
marketable securities. . . . . . . . .
Change in unrealized loss on
interest rate swaps . . . . . . . . . . .
Change in foreign currency
translation adjustment . . . . . . . .
Comprehensive income . . . . . . . . . .
Redeemable noncontrolling
interest . . . . . . . . . . . . . . . . . . . .
—
442,830
—
—
—
—
—
—
—
(403,334)
—
—
—
—
—
—
180,005
—
249,902
—
—
—
—
(25,803)
(176)
(1,294)
15,480
—
—
—
—
—
—
—
—
33,299
—
—
(71,535)
(170)
(141,135)
—
—
—
—
—
—
—
—
—
—
184
—
—
—
—
884
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1
18
—
—
—
—
—
—
—
—
70,418
70,418
442,830
44,066
486,896
$ 486,896
(25,803)
(176)
(1,294)
15,480
—
—
—
—
(25,803)
(25,803)
(176)
(176)
(1,294)
(1,294)
216
15,696
15,696
$ 475,319
—
(6,279)
(6,279)
—
(403,334)
—
(403,334)
—
444,283
—
2,413
40,546
—
444,467
—
2,414
40,564
(42,489)
—
(34,391)
—
—
(42,489)
444,467
(34,391)
—
40,564
—
2,528
12,251
3,677,509
12,251
3,894,225
—
274,916
12,251
4,169,141
—
—
—
—
—
—
—
92,490
92,490
249,902
26,502
276,404
$ 276,404
(71,535)
(170)
(141,135)
—
—
—
(71,535)
(71,535)
(170)
(170)
(8,701)
(149,836)
—
(149,836)
$ 54,863
—
(7,906)
(7,906)
—
—
—
—
—
—
85
KIMCO REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
For the Years Ended December 31, 2009, 2008 and 2007 (continued)
(in thousands)
Retained
Earnings/
(Cumulative
Distributions
in Excess
of Net Income)
Accumulated
Other
Comprehensive
Income
Preferred
Stock
Common
Stock
Paid-in
Capital
Total
Stockholders’
Equity
Noncontrolling
Interests
Total
Equity
Comprehensive
Income
Dividends ($1.64 per common
share; $1.6625 per Class F
Depositary Share, and $1.9375
per Class G Depositary Share,
respectively) . . . . . . . . . . . . . . .
Distributions to noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Unit redemptions . . . . . . . . . . . . . . .
Issuance of units . . . . . . . . . . . . . . . .
Issuance of common stock . . . . . . . .
Exercise of common stock options . .
Amortization of stock option
expense . . . . . . . . . . . . . . . . . . .
Balance, December 31, 2008 . . . . . .
Contributions from noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Comprehensive income: . . . . . . . . . .
Net (loss)/income . . . . . . . . . . . . . . .
Other comprehensive income, net
of tax:
Change in unrealized gain on
marketable securities. . . . . . . . .
Change in unrealized loss on
interest rate swaps . . . . . . . . . . .
Change in foreign currency
translation adjustment . . . . . . . .
Comprehensive income . . . . . . . . . .
Redeemable noncontrolling
interest . . . . . . . . . . . . . . . . . . . .
Dividends ($0.72 per common
share; $1.6625 per Class F
Depositary Share, and $1.9375
per Class G Depositary Share,
respectively) . . . . . . . . . . . . . . .
Distributions to noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Issuance of units . . . . . . . . . . . . . . . .
Unit redemptions . . . . . . . . . . . . . . .
Issuance of common stock . . . . . . . .
Exercise of common stock options . .
Transfers from noncontrolling
interests . . . . . . . . . . . . . . . . . . .
Amortization of stock option
(488,069)
—
—
—
—
—
—
(58,162)
—
(3,942)
—
—
—
—
(276,634)
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
164
19
—
(488,069)
—
(488,069)
—
—
—
486,709
41,330
—
—
—
486,873
41,349
(77,460)
(80,000)
1,194
—
—
(77,460)
(80,000)
1,194
486,873
41,349
—
(179,541)
—
884
—
2,711
12,258
4,217,806
12,258
3,983,698
—
221,035
12,258
4,204,733
—
—
43,662
(233)
39,680
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1,341
3
—
—
—
—
—
—
—
73,601
73,601
(3,942)
10,003
6,061 $
6,061
43,662
(233)
—
—
43,662
43,662
(233)
(233)
39,680
(19,022)
20,658
20,658
70,148
$
—
(6,429)
(6,429)
—
(276,634)
—
(276,634)
—
—
—
1,061,823
6,263
—
—
—
1,063,164
6,266
(9,626)
126
(346)
—
—
(9,626)
126
(346)
1,063,164
6,266
—
(11,126)
(11,126)
(4,337)
(15,463)
expense . . . . . . . . . . . . . . . . . . .
Balance, December 31, 2009 . . . . . . $
—
(338,738)
$
—
(96,432)
—
884
—
$ 4,055
8,438
8,438
$ 5,283,204 $ 4,852,973
$
—
$265,005
8,438
$ 5,117,978
The accompanying notes are an integral part of these consolidated financial statements.
86
KIMCO REALTY CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Cash flow from operating activities:
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adjustments to reconcile net income to net cash provided
$
6,061
$ 276,404
$
486,896
Year Ended December 31,
2008
2007
2009
by operating activities:
Depreciation and amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extraordinary item. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loss on operating properties held for sale/sold/transferred. . . . . . . . . . . . . . . . . .
Impairment charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on sale of development properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on sale/transfer of operating properties . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Equity in income of joint ventures, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income from other real estate investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Distributions from joint ventures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash retained from excess tax benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Change in accounts and notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Change in accounts payable and accrued expenses. . . . . . . . . . . . . . . . . . . . . . . .
Change in other operating assets and liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . .
Net cash flow provided by operating activities. . . . . . . . . . . . . . . . . . . . .
Cash flow from investing activities:
Acquisition of and improvements to operating real estate . . . . . . . . . . . . . . . . . .
Acquisition of and improvements to real estate under development. . . . . . . . . . .
Investment in marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from sale of marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from transferred operating/development properties. . . . . . . . . . . . . . . .
Investments and advances to real estate joint ventures . . . . . . . . . . . . . . . . . . . . .
Reimbursements of advances to real estate joint ventures . . . . . . . . . . . . . . . . . .
Other real estate investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reimbursements of advances to other real estate investments . . . . . . . . . . . . . . .
Investment in mortgage loans receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Collection of mortgage loans receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Reimbursements of other investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from sale of operating properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from sale of development properties . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net cash flow used for investing activities . . . . . . . . . . . . . . . . . . . . . . . .
Cash flow from financing activities:
Principal payments on debt, excluding
normal amortization of rental property debt . . . . . . . . . . . . . . . . . . . . . . . . . .
Principal payments on rental property debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Principal payments on construction loan financings . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from mortgage/construction loan financings . . . . . . . . . . . . . . . . . . . . .
Borrowings under revolving unsecured credit facilities . . . . . . . . . . . . . . . . . . . .
Repayment of borrowings under unsecured revolving credit facilities. . . . . . . . .
Proceeds from issuance of unsecured term loan/notes . . . . . . . . . . . . . . . . . . . . .
Repayment of unsecured term loan/notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Financing origination costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Redemption of noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Dividends paid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash retained from excess tax benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds from issuance of stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net cash flow (used for) provided by financing activities . . . . . . . . . . . .
Change in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash and cash equivalents, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash and cash equivalents, end of year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest paid during the period (net of capitalized interest
227,776
—
285
175,087
(5,751)
(4,666)
(6,309)
(30,039)
136,697
—
(19,878)
4,101
(79,782)
403,582
(374,501)
(143,283)
—
80,586
—
(109,941)
99,573
(12,447)
18,232
(7,657)
48,403
(4,247)
4,935
34,825
22,286
(343,236)
206,518
—
598
147,529
(36,565)
(21,800)
(132,208)
(79,099)
261,993
(1,958)
(9,704)
(1,983)
(42,126)
567,599
(266,198)
(388,991)
(263,985)
52,427
32,400
(219,913)
118,742
(77,455)
71,762
(68,908)
54,717
(25,466)
23,254
120,729
55,535
(781,350)
(437,710)
(16,978)
(255,512)
433,221
351,880
(928,572)
520,000
(428,701)
(13,730)
(31,783)
(331,024)
—
1,064,444
(74,465)
(14,119)
136,177
$ 122,058
(88,841)
(14,047)
(30,814)
76,025
812,329
(281,056)
—
(125,000)
(3,300)
(66,803)
(469,024)
1,958
451,002
262,429
48,678
87,499
$ 136,177
of $21,465, $28,753, and $25,505 respectively). . . . . . . . . . . . . . . . . . . . . . . . . . .
Income taxes paid during the period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 204,672
4,773
$
$ 217,629
29,652
$
The accompanying notes are an integral part of these consolidated financial statements.
87
191,270
(54,340)
1,832
8,500
(40,099)
(9,800)
(173,363)
(64,046)
403,032
(2,471)
(4,876)
1,361
(77,907)
665,989
(1,077,202)
(640,934)
(55,235)
35,525
69,869
(413,172)
293,537
(192,890)
87,925
(97,592)
94,720
(26,688)
55,361
59,450
299,715
(1,507,611)
(82,337)
(14,014)
(78,295)
413,488
627,369
(343,553)
300,000
(250,000)
(10,819)
(80,972)
(384,502)
2,471
485,220
584,056
(257,566)
345,065
87,499
215,121
14,292
$
$
$
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Amounts relating to the number of buildings, square footage, tenant and occupancy data and estimated project costs
are unaudited.
1.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
Business
Kimco Realty Corporation (the “Company” or “Kimco”), its subsidiaries, affiliates and related real estate joint ventures
are engaged principally in the operation of neighborhood and community shopping centers which are anchored generally
by discount department stores, supermarkets or drugstores. The Company also provides property management services for
shopping centers owned by affiliated entities, various real estate joint ventures and unaffiliated third parties.
Additionally, in connection with the Tax Relief Extension Act of 1999 (the “RMA”), which became effective
January 1, 2001, the Company is permitted to participate in activities which it was precluded from previously in order to
maintain its qualification as a Real Estate Investment Trust (“REIT”), so long as these activities are conducted in entities
which elect to be treated as taxable subsidiaries under the Internal Revenue Code, as amended (the “Code”), subject to
certain limitations. As such, the Company, through its taxable REIT subsidiaries, has been engaged in various retail
real estate related opportunities including (i) ground-up development projects through its wholly-owned taxable REIT
subsidiaries (“TRS”), which were primarily engaged in the ground-up development of neighborhood and community
shopping centers and the subsequent sale thereof upon completion, (ii) retail real estate advisory and disposition services
which primarily focuses on leasing and disposition strategies of retail real estate controlled by both healthy and distressed
and/or bankrupt retailers and (iii) acting as an agent or principal in connection with tax deferred exchange transactions.
The Company seeks to reduce its operating and leasing risks through diversification achieved by the geographic
distribution of its properties, avoiding dependence on any single property and a large tenant base. At December 31, 2009,
the Company's single largest neighborhood and community shopping center accounted for only 1.2% of the Company's
annualized base rental revenues and only 1.0% of the Company’s total shopping center gross leasable area (“GLA”). At
December 31, 2009, the Company’s five largest tenants were The Home Depot, TJX Companies, Sears Holdings, Wal-
Mart, and Kohl’s which represented approximately 3.3%, 2.6%, 2.5%, 2.2% and 2.0%, respectively, of the Company’s
annualized base rental revenues, including the proportionate share of base rental revenues from properties in which the
Company has less than a 100% economic interest.
The principal business of the Company and its consolidated subsidiaries is the ownership, development, management
and operation of retail shopping centers, including complementary services that capitalize on the Company’s established
retail real estate expertise. The Company does not distinguish its principal business or group its operations on a
geographical basis for purposes of measuring performance. Accordingly, the Company believes it has a single reportable
segment for disclosure purposes in accordance with accounting principles generally accepted in the United States of
America (“GAAP”).
Principles of Consolidation and Estimates
The accompanying Consolidated Financial Statements include the accounts of Kimco Realty Corporation (the
“Company”), its subsidiaries, all of which are wholly-owned, and all entities in which the Company has a controlling
interest, including where the Company has been determined to be a primary beneficiary of a variable interest entity
(“VIE”) or meets certain criteria of a sole general partner or managing member in accordance with the Consolidation
guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”). All inter-
company balances and transactions have been eliminated in consolidation.
GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of
assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses
during a reporting period. The most significant assumptions and estimates relate to the valuation of real estate and
related intangible assets and liabilities, including the assessment of impairments, equity method investments, marketable
securities and other investments, as well as, depreciable lives, revenue recognition, the collectability of trade accounts
receivable and the realizability of deferred tax assets. Application of these assumptions requires the exercise of judgment
as to future uncertainties, and, as a result, actual results could differ from these estimates.
88
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Subsequent Events
The Company has evaluated subsequent events and transactions for potential recognition or disclosure in its
consolidated financial statements.
Real Estate
Real estate assets are stated at cost, less accumulated depreciation and amortization. On a continuous basis,
management assesses whether there are any indicators, including property operating performance and general market
conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may
be impaired. A property value is considered impaired only if management’s estimate of current and projected operating
cash flows (undiscounted and unleveraged) of the property over its remaining useful life is less than the net carrying
value of the property. Such cash flow projections consider factors such as expected future operating income, trends and
prospects, as well as the effects of demand, competition and other factors. To the extent impairment has occurred, the
carrying value of the property would be adjusted to an amount to reflect the estimated fair value of the property.
When a real estate asset is identified by management as held-for-sale, the Company ceases depreciation of the asset
and estimates the sales price, net of selling costs. If, in management’s opinion, the net sales price of the asset is less than
the net book value of the asset, an adjustment to the carrying value would be recorded to reflect the estimated fair value
of the property.
Upon acquisition of real estate operating properties, the Company estimates the fair value of acquired tangible
assets (consisting of land, building, building improvements and tenant improvements) and identified intangible assets
and liabilities (consisting of above and below-market leases, in-place leases and tenant relationships), assumed debt and
redeemable units issued at the date of acquisition, based on evaluation of information and estimates available at that date.
Based on these estimates, the Company allocates the estimated fair value to the applicable assets and liabilities. Fair
value is determined based on an exit price approach, which contemplates the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If, up to one
year from the acquisition date, information regarding fair value of the assets acquired and liabilities assumed is received
and estimates are refined, appropriate adjustments are made to the purchase price allocation on a retrospective basis. The
Company expenses transaction costs associated with business combinations in the period incurred.
In allocating the purchase price to identified intangible assets and liabilities of an acquired property, the value of
above-market and below-market leases is estimated based on the present value of the difference between the contractual
amounts to be paid pursuant to the leases and management’s estimate of the market lease rates and other lease provisions
(i.e., expense recapture, base rental changes, etc.) measured over a period equal to the estimated remaining term of
the lease. The capitalized above-market or below-market intangible is amortized to rental income over the estimated
remaining term of the respective leases. Mortgage debt discounts or premiums are amortized into interest expense over
the remaining term of the related debt instrument. Unit discounts and premiums are amortized into noncontrolling interest
in income, net over the period from the date of issuance to the earliest redemption date of the units.
In determining the value of in-place leases, management considers current market conditions and costs to execute
similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing
occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other operating expenses,
estimates of lost rental revenue during the expected lease-up periods and costs to execute similar leases including leasing
commissions, legal and other related costs based on current market demand. In estimating the value of tenant relationships,
management considers the nature and extent of the existing tenant relationship, the expectation of lease renewals, growth
prospects and tenant credit quality, among other factors.
The value assigned to in-place leases and tenant relationships is amortized over the estimated remaining term of
the leases. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs relating to that lease
would be written off.
89
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Depreciation and amortization are provided on the straight-line method over the estimated useful lives of the assets,
as follows:
Buildings and building improvements
Fixtures, leasehold and tenant improvements
(including certain identified intangible assets)
15 to 50 years
Terms of leases or useful
lives, whichever is shorter
Expenditures for maintenance and repairs are charged to operations as incurred. Significant renovations and
replacements, which improve and extend the life of the asset, are capitalized. The useful lives of amortizable intangible
assets are evaluated each reporting period with any changes in estimated useful lives being accounted for over the revised
remaining useful life.
Real Estate Under Development
Real estate under development represents both the ground-up development of neighborhood and community
shopping center projects which may be subsequently sold upon completion and projects which the Company may hold as
long-term investments. These properties are carried at cost. The cost of land and buildings under development includes
specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the
property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs of personnel
directly involved and other costs incurred during the period of development. The Company ceases cost capitalization
when the property is held available for occupancy upon substantial completion of tenant improvements, but no later than
one year from the completion of major construction activity. If, in management’s opinion, the net sales price of assets
held for resale or the current and projected undiscounted cash flows of these assets to be held as long-term investments
is less than the net carrying value, the carrying value would be adjusted to an amount to reflect the estimated fair value
of the property.
Investments in Unconsolidated Joint Ventures
The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting
as the Company exercises significant influence, but does not control these entities. These investments are recorded initially
at cost and subsequently adjusted for cash contributions and distributions. Earnings for each investment are recognized in
accordance with each respective investment agreement and where applicable, based upon an allocation of the investment’s
net assets at book value as if the investment was hypothetically liquidated at the end of each reporting period.
The Company’s joint ventures and other real estate investments primarily consist of co-investments with institutional
and other joint venture partners in neighborhood and community shopping center properties, consistent with its core
business. These joint ventures typically obtain non-recourse third-party financing on their property investments, thus
contractually limiting the Company’s exposure to losses primarily to the amount of its equity investment; and due to
the lender’s exposure to losses, a lender typically will require a minimum level of equity in order to mitigate its risk.
The Company’s exposure to losses associated with its unconsolidated joint ventures is primarily limited to its carrying
value in these investments. The Company, on a selective basis, obtains unsecured financing for certain joint ventures.
These unsecured financings are guaranteed by the Company with guarantees from the joint venture partners for their
proportionate amounts of any guaranty payment the Company is obligated to make.
To recognize the character of distributions from equity investees the Company looks at the nature of the cash
distribution to determine the proper character of cash flow distributions as either returns on investment, which would be
included in operating activities or returns of investment, which would be included in investing activities.
On a continuous basis, management assesses whether there are any indicators, including the underlying investment
property operating performance and general market conditions, that the value of the Company’s investments in
unconsolidated joint ventures may be impaired. An investment’s value is impaired only if management’s estimate of the
fair value of the investment is less than the carrying value of the investment and such difference is deemed to be other-
than-temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount
of the investment over the estimated fair value of the investment.
90
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
The Company’s estimated fair values are based upon a discounted cash flow model for each specific property that
includes all estimated cash inflows and outflows over a specified holding period. Capitalization rates, discount rates and
credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of
current market rates for each respective property.
Other Real Estate Investments
Other real estate investments primarily consist of preferred equity investments for which the Company provides
capital to developers and owners of real estate. The Company typically accounts for its preferred equity investments on
the equity method of accounting, whereby earnings for each investment are recognized in accordance with each respective
investment agreement and based upon an allocation of the investment’s net assets at book value as if the investment was
hypothetically liquidated at the end of each reporting period.
On a continuous basis, management assesses whether there are any indicators, including the underlying investment
property operating performance and general market conditions, that the value of the Company’s Other real estate
investments may be impaired. An investment’s value is impaired only if management’s estimate of the fair value of the
investment is less than the carrying value of the investment and such difference is deemed to be other-than-temporary.
To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment
over the estimated fair value of the investment.
The Company’s estimated fair values are based upon a discounted cash flow model for each specific property that
includes all estimated cash inflows and outflows over a specified holding period. Capitalization rates, discount rates and
credit spreads utilized in these models are based upon rates that the Company believes to be within a reasonable range of
current market rates for each respective property.
Mortgages and Other Financing Receivables
Mortgages and other financing receivables consist of loans acquired and loans originated by the Company. Loan
receivables are recorded at stated principal amounts net of any discount or premium or deferred loan origination costs or
fees. The related discounts or premiums on mortgages and other loans purchased are amortized or accreted over the life of
the related loan receivable. The Company defers certain loan origination and commitment fees, net of certain origination
costs and amortizes them as an adjustment of the loan’s yield over the term of the related loan. The Company evaluates
the collectability of both interest and principal on each loan to determine whether it is impaired. A loan is considered to
be impaired, when based upon current information and events, it is probable that the Company will be unable to collect all
amounts due according to the existing contractual terms. When a loan is considered to be impaired, the amount of loss is
calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows
at the loan’s effective interest rate or to the value of the underlying collateral if the loan is collateralized. Interest income
on performing loans is accrued as earned. Interest income on impaired loans is recognized on a cash basis.
Cash and Cash Equivalents
Cash and cash equivalents (demand deposits in banks, commercial paper and certificates of deposit with original
maturities of three months or less) includes tenants' security deposits, escrowed funds and other restricted deposits
approximating $18.3 million and $12.5 million for the years ended December 31, 2009 and 2008, respectively.
Cash and cash equivalent balances may, at a limited number of banks and financial institutions, exceed insurable
amounts. The Company believes it mitigates risk by investing in or through major financial institutions and primarily
in funds that are currently U.S. federal government insured. Recoverability of investments is dependent upon the
performance of the issuers.
Marketable Securities
The Company classifies its existing marketable equity securities as available-for-sale in accordance with the FASB’s
Investments-Debt and Equity Securities guidance. These securities are carried at fair market value with unrealized gains
and losses reported in stockholders’ equity as a component of Accumulated other comprehensive income (“OCI”). Gains
or losses on securities sold are based on the specific identification method.
91
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
All debt securities are generally classified as held-to-maturity because the Company has the positive intent and
ability to hold the securities to maturity, it is not more likely than not that the Company will be required to sell the debt
security before its anticipated recovery and the Company expects to recover the security’s entire amortized cost basis
even if the entity does not intend to sell. Held-to-maturity securities are stated at amortized cost, adjusted for amortization
of premiums and accretion of discounts to maturity. Debt securities which contain conversion features generally are
classified as available-for-sale.
On a continuous basis, management assesses whether there are any indicators that the value of the Company’s
marketable securities may be impaired. A marketable security is impaired if the fair value of the security is less than the
carrying value of the security and such difference is deemed to be other-than-temporary. To the extent impairment has
occurred, the loss shall be measured as the excess of the carrying amount of the security over the estimated fair value in
the security.
Deferred Leasing and Financing Costs
Costs incurred in obtaining tenant leases and long-term financing, included in deferred charges and prepaid expenses
in the accompanying Consolidated Balance Sheets, are amortized over the terms of the related leases or debt agreements, as
applicable. Such capitalized costs include salaries and related costs of personnel directly involved in successful leasing efforts.
Revenue Recognition and Accounts Receivable
Base rental revenues from rental property are recognized on a straight-line basis over the terms of the related leases.
Certain of these leases also provide for percentage rents based upon the level of sales achieved by the lessee. These
percentage rents are recognized once the required sales level is achieved. Rental income may also include payments
received in connection with lease termination agreements. In addition, leases typically provide for reimbursement to
the Company of common area maintenance costs, real estate taxes and other operating expenses. Operating expense
reimbursements are recognized as earned.
Management and other fee income consists of property management fees, leasing fees, property acquisition and
disposition fees, development fees and asset management fees. These fees arise from contractual agreements with third
parties or with entities in which the Company has a partial noncontrolling interest. Management and other fee income,
including acquisition and disposition fees, are recognized as earned under the respective agreements. Management and
other fee income related to partially owned entities are recognized to the extent attributable to the unaffiliated interest.
Gains and losses from the sale of depreciated operating property and ground-up development projects are generally
recognized using the full accrual method in accordance with the FASB’s real estate sales guidance, provided that various
criteria relating to the terms of sale and subsequent involvement by the Company with the properties are met.
Gains and losses on transfers of operating properties result from the sale of a partial interest in properties to
unconsolidated joint ventures and are recognized using the partial sale provisions of the FASB’s real estate sales guidance.
The Company makes estimates of the uncollectability of its accounts receivable related to base rents, expense
reimbursements and other revenues. The Company analyzes accounts receivable and historical bad debt levels, customer
credit worthiness and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. In
addition, tenants in bankruptcy are analyzed and estimates are made in connection with the expected recovery of pre-
petition and post-petition claims. The Company’s reported net earnings is directly affected by management’s estimate of
the collectability of accounts receivable.
Income Taxes
The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT for federal income
tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that distributions to its
stockholders equal at least the amount of its REIT taxable income as defined under Section 856 through 860 of the Code.
In connection with the RMA, which became effective January 1, 2001, the Company is permitted to participate in
certain activities which it was previously precluded from in order to maintain its qualification as a REIT, so long as these
activities are conducted in entities which elect to be treated as taxable REIT subsidiaries under the Code. As such, the
Company is subject to federal and state income taxes on the income from these activities.
92
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized
for the estimated future tax consequences attributable to differences between the financial statement carrying amounts
of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred
tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences
are expected to be recovered or settled. The Company provides a valuation allowance for deferred tax assets for which it
does not consider realization of such assets to be more likely than not.
The Company reviews the need to establish a valuation allowance against deferred tax assets on a quarterly basis.
The review includes an analysis of various factors, such as future reversals of existing taxable temporary differences, the
capacity for the carryback or carryforward of any losses, the expected occurrence of future income or loss and available
tax planning strategies.
Foreign Currency Translation and Transactions
Assets and liabilities of the Company’s foreign operations are translated using year-end exchange rates, and revenues and
expenses are translated using exchange rates as determined throughout the year. Gains or losses resulting from translation are
included in OCI, as a separate component of the Company’s stockholders’ equity. Gains or losses resulting from foreign currency
transactions are translated to local currency at the rates of exchange prevailing at the dates of the transactions. The effect of the
transactions gain or loss is included in the caption Other income, net in the Consolidated Statements of Operations.
Derivative/Financial Instruments
The Company measures its derivative instruments at fair value and records them in the Consolidated Balance Sheet
as an asset or liability, depending on the Company’s rights or obligations under the applicable derivative contract. The
accounting for changes in the fair value of the derivatives depends on the intended use of the derivative, whether the
Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the
hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying
as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular
risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the
exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow
hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign
operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging
instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the
hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The
Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though
hedge accounting does not apply or the Company elects not to apply hedge accounting under the Derivatives and Hedging
guidance issued by the FASB (see Note 17).
Noncontrolling Interests
Noncontrolling interests represent the portion of equity that the Company does not own in those entities it
consolidates. Noncontrolling interests also includes partnership units issued by consolidated subsidiaries of the Company
in connection with certain property acquisitions. These units have a stated redemption value (classified as mezzanine
equity) or a redemption amount based upon the Adjusted Current Trading Price, as defined, of the Company’s common
stock (“Common Stock”) and provide the unit holders various rates of return during the holding period. The unit holders
generally have the right to redeem their units for cash at any time after one year from issuance. The Company typically
has the option to settle redemption amounts in cash or Common Stock for its convertible units. The Company evaluates
the terms of the partnership units issued and determines if the units are mandatorily redeemable in accordance with the
Distinguishing Liabilities from Equity guidance issued by the FASB.
The Company accounts and reports for noncontrolling interests in accordance with the Consolidation guidance
issued by the FASB. The Company identifies its noncontrolling interests separately within the equity section on the
Company’s Consolidated Balance Sheets. Redeemable units are classified as Redeemable noncontrolling interests
and presented between Total liabilities and Stockholder’s equity on the Company’s Consolidated Balance Sheets. The
amounts of consolidated net earnings attributable to the Company and to the noncontrolling interests are presented on the
Company’s Consolidated Statements of Operations.
93
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Earnings Per Share
The following table sets forth the reconciliation of earnings and the weighted average number of shares used in the
calculation of basic and diluted earnings per share (amounts presented in thousands, except per share data):
2009
2008
2007
2,086
3,867
(10,003)
—
—
(47,288)
Computation of Basic (Loss)/Income Per Share:
Income from continuing operations before extraordinary gain . . . . . . . . . . . . . . $
Total net gain on transfer or sale of operating properties, net of tax . . . . . . . . . .
Net income attributable to noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . .
Discontinued operations attributable to noncontrolling interests . . . . . . . . . . . .
Extraordinary gain attributable to noncontrolling interests . . . . . . . . . . . . . . . .
Preferred stock dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Loss)/income from continuing operations
before extraordinary gain available to
(51,338)
common shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
108
Income from discontinued operations attributable to the Company . . . . . . . . . .
Extraordinary gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—
Net (loss)/income attributable to the Company’s common shareholders . . . . . . . $ (51,230)
Weighted average common shares Outstanding . . . . . . . . . . . . . . . . . . . . . . . . .
350,077
Basic (Loss)/Income Per Share attributable to the Company:
(Loss)/income from continuing operations before extraordinary gain . . . . . . . . $
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extraordinary gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
(0.15)
—
—
(0.15)
Computation of Diluted (Loss)/Income Per Share:
(Loss)/income from continuing operations
before extraordinary gain available to
common shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (51,338)
—
Distributions on convertible units (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Income from continuing operations before extraordinary gain
$ 248,625
1,782
(26,502)
1,281
—
(47,288)
$ 390,534
2,708
(44,066)
5,740
4,075
(19,659)
177,898
24,716
—
$ 202,614
257,811
$
$
0.69
0.10
—
0.79
339,332
33,574
50,265
$ 423,171
252,129
$
$
1.35
0.13
0.20
1.68
$ 177,898
18
$ 339,332
—
available to the Company’s common shareholders . . . . . . . . . . . . . . . . . . . . .
Income from discontinued operations attributable to the Company . . . . . . . . . .
Extraordinary gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (Loss)/income before extraordinary gain attributable to the Company’s
(51,338)
108
—
177,916
24,716
—
339,332
33,574
50,265
common shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (51,230)
350,077
Weighted average common shares outstanding – basic . . . . . . . . . . . . . . . . . . . .
Effect of dilutive securities:
Stock options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Assumed conversion of convertible units (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Shares for diluted earnings per common share . . . . . . . . . . . . . . . . . . . . . . . . . .
—
—
350,077
999
33
258,843
4,929
—
257,058
$ 202,632
257,811
$ 423,171
252,129
Diluted (Loss)/Income Per Share attributable to the Company:
(Loss)/income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Income from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Extraordinary gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
(0.15)
—
—
(0.15)
$
$
0.69
0.09
—
0.78
$
$
1.32
0.13
0.20
1.65
(a) The effect of the assumed conversion of certain convertible units had an anti-dilutive effect upon the calculation of
Income from continuing operations before extraordinary gain per share. Accordingly, the impact of such conversions
has not been included in the determination of diluted earnings per share calculations.
94
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
In addition, there were approximately 15,870,967, 13,731,767, and 3,017,400, stock options that were anti-dilutive as
of December 31, 2009, 2008 and 2007, respectively.
Stock Compensation
The Company maintains an equity participation plan (the “Plan”) pursuant to which a maximum of 47,000,000
shares of the Company’s common stock may be issued for qualified and non-qualified options and restricted stock grants.
Unless otherwise determined by the Board of Directors at its sole discretion, options granted under the Plan generally vest
ratably over a range of three to five years, expire ten years from the date of grant and are exercisable at the market price
on the date of grant. Restricted stock grants vest 100% on the fourth or fifth anniversary of the grant or ratably over four
years. In addition, the Plan provides for the granting of certain options and restricted stock to each of the Company’s non-
employee directors (the “Independent Directors”) and permits such Independent Directors to elect to receive deferred
stock awards in lieu of directors’ fees.
The Company accounts for stock options in accordance with the FASB’s Stock Compensation guidance which
requires that all share based payments to employees, including grants of employee stock options, be recognized in the
statement of operations over the service period based on their fair values. Fair value is determined using the Black-
Scholes option pricing formula, intended to estimate the fair value of the awards at the grant date. (See footnote 22 for
additional disclosure on the assumptions and methodology.)
New Accounting Pronouncements
In June 2009, the FASB issued guidance (the “Codification”) which established the FASB’s ASC as the source of
authoritative GAAP recognized by the FASB to be applied by nongovernmental entities. This guidance was effective
for financial statements issued for interim and annual periods ending after September 15, 2009. On the effective date
of this Statement, the Codification superseded all existing non-SEC accounting and reporting guidance. All other
non-grandfathered non-SEC accounting literature not included in the Codification has become non-authoritative. The
Company adopted the Codification during the third quarter of 2009 and as such has appropriately adjusted references to
authoritative accounting literature appearing in this annual report on Form 10-K.
In December 2007, the FASB issued additional Business Combinations guidance. The objective of this guidance
is to improve the relevance, representational faithfulness and comparability of the information that a reporting entity
provides in its financial reports about a business combination and its effects. To accomplish that, this guidance establishes
principles and requirements for how the acquirer: (i) recognizes and measures in its financial statements the identifiable
assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree, (ii) recognizes and measures the
goodwill acquired in the business combination or a gain from a bargain purchase, (iii) determines what information to
disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination
and (iv) requires expensing of transaction costs associated with a business combination. This guidance applies prospectively
to business combinations for which the acquisition date is on or after the first annual reporting period beginning on or
after December 15, 2008. As of December 31, 2009 the adoption of this guidance has not had a material effect on the
Company’s financial position or results of operations.
In April 2009, the FASB issued additional Business Combinations guidance, which amended and clarified the
previous guidance to address application issues on initial recognition and measurement, subsequent measurement and
accounting, and disclosure of assets and liabilities arising from contingencies in a business combination. This additional
guidance has been applied prospectively to business combinations for which the acquisition date is on or after January 1,
2009. As of December 31, 2009 the adoption of this guidance has not had a material effect on the Company’s results of
operations or financial position.
In December 2007, the FASB issued further Consolidations guidance, which establishes accounting and reporting
standards that require the ownership interests in subsidiaries held by parties other than the parent be clearly identified,
labeled and presented in the consolidated statement of financial position within equity, but separate from the parent’s
equity; the amount of consolidated net earnings attributable to the parent and to the noncontrolling interest be clearly
identified and presented on the face of the consolidated statement of operations; changes in a parent’s ownership interest
while the parent retains its controlling financial interest in its subsidiary be accounted for consistently; when a subsidiary
is deconsolidated, any retained noncontrolling equity investment in the former subsidiary be initially measured at fair
95
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
value; and entities provide sufficient disclosures that clearly identify and distinguish between the interests of the parent
and the interests of the noncontrolling owners. The objective of the guidance is to improve the relevance, comparability,
and transparency of the financial information that a reporting entity provides in its consolidated financial statements.
This guidance was effective for fiscal years beginning on or after December 15, 2008. As required, the Company has
retrospectively applied the presentation to its prior year balances in its Consolidated Financial Statements. The adoption
of this guidance resulted in the recording of approximately $8.0 million in income on the Company’s Statement of
Operations for the year ended December 31, 2009 as a result of remeasuring the Company’s equity interests to fair value,
in entities where there was a change in control.
In March 2008, the FASB issued Derivatives and Hedging guidance, which amends and expands the previous
disclosure requirements to require qualitative disclosure about objectives and strategies for using derivatives, quantitative
disclosures about fair value amounts of and gains and losses on derivative instruments and disclosures about credit-risk-
related contingent features in derivative agreements. This guidance is to be applied prospectively for the first annual
reporting period beginning on or after November 15, 2008, with early application encouraged. This guidance also
encourages, but does not require, comparative disclosures for earlier periods at initial adoption. The adoption of this
guidance did not have a material impact on the Company’s disclosures.
In April 2008, the FASB issued additional Intangibles-Goodwill and Other guidance, which amended the factors
that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized
intangible asset. The addition to the guidance is intended to improve the consistency between the useful life of an
intangible asset and the period of expected cash flows used to measure the fair value of the asset. This additional guidance
for determining the useful life of a recognized intangible asset shall be applied prospectively to intangible assets acquired
after the effective date. The disclosure requirements in this guidance shall be applied prospectively to all intangible
assets recognized as of, and subsequent to, the effective date. This guidance was effective for financial statements issued
for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years. The adoption of this
guidance did not have a material impact on the Company’s financial position or results of operations.
In June 2008, the FASB issued additional Earnings Per Share guidance, which classifies unvested share-based
payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) as
participating securities and requires them to be included in the computation of earnings per share pursuant to the two-
class method. This guidance was effective for financial statements issued for fiscal years beginning after December 15,
2008. All prior-period earnings per share data presented are to be adjusted retrospectively. The Company’s adoption of
this guidance did not have a material impact on the Company’s financial position or results of operations.
In November 2008, the FASB issued Investments-Equity Method and Joint Ventures guidance that clarifies the
accounting for certain transactions and impairment considerations involving equity method investments. This guidance
applies to all investments accounted for under the equity method. It was effective for fiscal years and interim periods
beginning on or after December 15, 2008. The adoption of this guidance did not have a material impact on the Company’s
financial position or results of operations.
In April 2009, the FASB issued Fair Value Measurements and Disclosures guidance that provides additional direction
for estimating fair value when the volume and level of activity for the asset or liability have significantly decreased. This
guidance also includes information on identifying circumstances that indicate a transaction is not orderly. Additionally,
this guidance emphasizes that even if there has been a significant decrease in the volume and level of activity for the asset
or liability and regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that
is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market
conditions. This guidance was effective for interim and annual reporting periods ending after June 15, 2009, and shall be
applied prospectively. The adoption of this guidance did not have a material impact on the Company’s financial position
or results of operations.
In April 2009, the FASB issued Investments-Debt and Equity Securities guidance, which amends the other-than-
temporary impairment guidance in GAAP for debt securities to make the guidance more operational and to improve
the presentation and disclosure of other-than-temporary impairments on debt and equity securities in the financial
statements. This guidance does not amend existing recognition and measurement guidance related to other-than-
temporary impairments of equity securities. The guidance shall be effective for interim and annual reporting periods
96
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
ending after June 15, 2009. The adoption of this guidance did not have a material impact on the Company’s financial
position or results of operations.
In April 2009, the FASB issued Financial Instruments guidance, which amends previous guidance to require
disclosures about fair value of financial instruments for interim reporting periods of publicly traded companies as well as
in annual financial statements. It also requires those disclosures in summarized financial information at interim reporting
periods. This guidance is effective for interim reporting periods ending after June 15, 2009. The adoption of this guidance
did not have a material impact on the Company’s disclosures.
In May 2009, the FASB issued Subsequent Events guidance, which provides further direction to establish general
standards of accounting for and disclosures of events that occur after the balance sheet date but before financial statements
are issued or are available to be issued. This guidance also requires entities to disclose the date through which subsequent
events were evaluated as well as the rationale for why that date was selected. This disclosure should alert all users of
financial statements that an entity has not evaluated subsequent events after that date in the set of financial statements being
presented. This guidance was effective for interim and annual reporting periods ending after June 15, 2009. The Company’s
adoption of this guidance did not have a material impact on the Company’s financial position or results of operations.
In June 2009, the FASB issued Transfers and Servicing guidance, which amends the previous derecognition guidance
and eliminates the exemption from consolidation for qualifying special-purpose entities. This guidance is effective for
financial asset transfers occurring after the beginning of an entity's first fiscal year that begins after November 15, 2009.
This guidance will be effective for the Company beginning in fiscal 2010. The Company does not expect the adoption of
this guidance to have a material impact on the Company’s financial position or results of operations.
In June 2009, the FASB issued Consolidation guidance, which amends the previous consolidation guidance applicable
to variable interest entities. The amendments will significantly affect the overall consolidation analysis previously
required. This guidance is effective as of the beginning of the first fiscal year that begins after November 15, 2009, early
adoption is prohibited. It will be effective for the Company beginning in fiscal 2010. The Company is currently assessing
its joint venture investments to determine the impact the adoption of this guidance will have on the Company’s financial
position and results of operations however, the Company does not expect the adoption of this guidance to have a material
impact on the Company’s financial position or results of operations.
During January 2010, the FASB issued Accounting Standards Update 2010-02, Consolidation guidance, which
amends and clarifies that the decrease in ownership guidance provided in the Consolidation guidance does not apply to
sales of in substance real estate. This update clarifies that an entity should apply the FASB’s real estate sales guidance
to such transactions. The Company does not expect the adoption of this guidance to have a material impact on the
Company’s financial position or results of operations.
Reclassifications
Certain reclassifications have been made to 2007 and 2008 to (i) reflects a reclass of tax provisions and tax benefits
from gain on sale of development properties and impairments to benefit from income taxes, net (ii) reflect a reclass of
amortization of software development costs to depreciation and amortization from general and administrative expense
and (iii) reflect a reclass of lender improvement escrow balances to other assets from accounts and notes receivable, to
conform to the 2009 presentation.
2.
IMPAIRMENTS:
On a continuous basis, management assesses whether there are any indicators, including property operating
performance and general market conditions, that the value of the Company’s assets (including any related amortizable
intangible assets or liabilities) may be impaired. To the extent impairment has occurred, the carrying value of the asset
would be adjusted to an amount to reflect the estimated fair value of the asset.
During 2008 and 2009, economic conditions had continued to experience volatility resulting in further declines in
the real estate and equity markets. Increases in capitalization rates, discount rates and vacancies as well as deterioration
of real estate market fundamentals impacted net operating income and leasing which further contributed to declines in
real estate markets in general.
97
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
As a result of the volatility and declining market conditions described above, as well as the Company’s strategy
in relation to certain of its non-retail assets, the Company recognized non-cash impairment charges during 2009,
aggregating approximately $175.1 million, before income tax benefit of approximately $22.5 million and noncontrolling
interests of approximately $1.2 million. The Company recognized non-cash impairment charges during 2008, aggregating
approximately $147.5 million, before income tax benefit of approximately $31.1 million and noncontrolling interest
of approximately $1.6 million. The Company recognized non-cash impairment charges during 2007, aggregating
approximately $13.8 million, before income tax benefit of approximately $5.5 million. Details of these non-cash
impairment charges are as follows (in thousands):
Impairment of property carrying values . . . . . . . . . . . . . .
Real estate under development . . . . . . . . . . . . . . . . . . . . . .
Investments in other real estate investments . . . . . . . . . .
Marketable securities and other investments . . . . . . . . . .
Investments in real estate joint ventures . . . . . . . . . . . . . .
Total impairment charges . . . . . . . . . . . . . . . . . . . . . . .
2009
$ 50,000
2,100
49,279
30,050
43,658
$175,087
2008
2007
$
13,613
118,416
15,500
$147,529
—
— $ —
8,500
—
5,296
—
$13,796
In addition to the impairment charges above, the Company recognized impairment charges during 2009 and 2008
of approximately $38.7 million, before an income tax benefit of approximately $11.0 million, and $11.2 million, before an
income tax benefit of approximately $4.5 million, respectively, relating to certain properties held by four unconsolidated
joint ventures in which the Company holds noncontrolling interests ranging from 15% to 45%. These impairment charges
are included in Equity in income of joint ventures, net in the Company’s Consolidated Statements of Operations.
The Company will continue to assess the value of its assets on an on-going basis. Based on these assessments, the
Company may determine that one or more of its assets may be impaired due to a decline in value and would therefore
write-down its cost basis accordingly (see Notes 6, 8, 9, 10, and 11).
3. REAL ESTATE:
The Company’s components of Rental property consist of the following (in thousands):
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Undeveloped Land . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings and improvements
Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Building improvements . . . . . . . . . . . . . . . . . . . .
Tenant improvements . . . . . . . . . . . . . . . . . . . . . .
Fixtures and leasehold improvements . . . . . . . . .
Other rental property (1) . . . . . . . . . . . . . . . . . . .
Accumulated depreciation and amortization . . . . . . .
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
December 31,
2009
$ 1,831,374
106,054
2008
$ 1,394,460
1,185
4,411,565
1,103,798
669,540
48,008
246,217
8,416,556
(1,343,148)
$ 7,073,408
3,847,544
692,040
633,883
35,377
245,452
6,849,941
(1,159,664)
$ 5,690,277
(1) At December 31, 2009 and 2008, Other rental property consisted of intangible assets including $162,477 and $161,556
respectively, of in-place leases, $21,851 and $22,400 respectively, of tenant relationships, and $61,889 and $61,496
respectively, of above-market leases.
In addition, at December 31, 2009 and 2008, the Company had intangible liabilities relating to below-market leases
from property acquisitions of approximately $196.2 million and $171.4 million, respectively. These amounts are included
in the caption Other liabilities in the Company’s Consolidated Balance Sheets. The estimated amortization expense
associated with the Company’s intangible assets for the future five years are as follows (in millions): 2010, $14.9; 2011,
$12.3; 2012, $8.1; 2013, $5.0; and 2014, $2.2.
98
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
4.
PROPERTY ACQUISITIONS, DEVELOPMENTS AND OTHER INVESTMENTS:
Operating property acquisitions, ground-up development costs and other investments have been funded principally
through the application of proceeds from the Company's public equity and unsecured debt issuances, proceeds from
mortgage and construction financings, availability under the Company’s revolving lines of credit and issuance of various
partnership units.
Operating Properties
Acquisition of Operating Properties
During the year ended December 31, 2009, the Company acquired, in separate transactions, 33 operating properties,
comprising an aggregate 6.8 million square feet of a GLA, for an aggregate purchase price of approximately $955.4
million including the assumption of approximately $577.6 million of non-recourse mortgage debt encumbering 21 of the
properties and $50.0 million in preferred stock. Details of these transactions are as follows (in thousands):
Property Name
Location
Novato Fair . . . . . . . . . . . . . . Novato, CA
Canby Square . . . . . . . . . . . . Canby, OR
Garrison Square . . . . . . . . . . Vancouver, WA
Oregon Trail Center . . . . . . . Gresham, OR
Pioneer Plaza. . . . . . . . . . . . . Springfield, OR
Powell Valley Junction . . . . . Gresham, OR
Troutdale Market . . . . . . . . . Troutdale, OR
Angels Camp . . . . . . . . . . . . Angels Camp, CA
Albany Plaza . . . . . . . . . . . . . Albany, OR
Elverta Crossing . . . . . . . . . . Antelope, CA
Park Place . . . . . . . . . . . . . . . Vallejo, CA
Medford, Center . . . . . . . . . . Medford, OR
PL Retail, LLC Acquisition . Various
Total Acquisitions . . . . . . . . . .
Month
Acquired
Jul-09 (1)
Oct-09 (2)
Oct-09 (2)
Oct-09 (2)
Oct-09 (2)
Oct-09 (2)
Oct-09 (2)
Nov-09 (2)
Nov-09 (2)
Nov-09 (2)
Nov-09 (2)
Nov-09 (2)
Nov-09 (3)
Purchase Price
Debt/
Preferred
Stock
Assumed
Cash/Net
Assets and
Liabilities
$
Total
GLA
125
9,902 $ 13,524 $ 23,426
116
7,052
7,052
—
70
3,535
3,535
—
208
— 18,135
18,135
96
9,823
—
9,823
107
5,062
—
5,062
90
4,809
—
4,809
78
6,801
—
6,801
110
6,075
—
6,075
120
—
8,765
8,765
151
— 15,655
15,655
21,158
335
— 21,158
210,994 614,081 825,075 5,160
$ 327,766 $ 627,605 $955,371 6,766
(1) The Company acquired this property from a joint venture in which the Company had a 10% noncontrolling ownership
interest. This transaction resulted in a gain of approximately $0.3 million as a result of remeasuring the Company’s
10% noncontrolling equity interest to fair value.
(2) The Company acquired this property from a joint venture in which the Company had a 15% noncontrolling ownership
interest. This transaction resulted in a gain of approximately $0.1 million as a result of remeasuring the Company’s
15% noncontrolling equity interest to fair value.
(3) The Company purchased the remaining 85% interest in PL Retail LLC, an entity that indirectly owns through
wholly-owned subsidiaries 21 shopping centers, in which the Company held a 15% noncontrolling interest prior
to this transaction. The 21 shopping centers comprise approximately 5.2 million square feet of GLA are located
in California (8 assets; 27% of GLA), Florida (6 assets; 42% of GLA), the Phoenix, Arizona metro area (2 assets;
7.3% of GLA), New Jersey (2), Long Island, New York (1), Arlington, Virginia, near metro Washington, D.C. (1)
and Greenville, South Carolina (1). The Company paid a purchase price equal to approximately $175.0 million, after
customary adjustments and closing prorations, which was equivalent to 85% of PL Retail LLC’s gross asset value,
which equaled approximately $825 million, less the assumption of $564 million of non-recourse mortgage debt
encumbering 20 properties and $50 million of perpetual preferred stock. The purchase price includes approximately
$20 million for the purchase of development rights for one shopping center. Subsequent to the acquisition of these
properties, the Company repaid an aggregate of approximately $269 million of the non-recourse mortgage debt
which encumbered 10 properties. This transaction resulted in a gain of approximately $7.6 million as a result of
remeasuring the Company’s 15% noncontrolling equity interest to fair value.
99
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During the year ended December 31, 2008, the Company acquired, in separate transactions, 10 operating properties,
comprising an aggregate 1.2 million square feet of a GLA, for an aggregate purchase price of approximately $215.9 million
including the assumption of approximately $96.2 million of non-recourse mortgage debt encumbering four of the
properties. Details of these transactions are as follows (in thousands):
Property Name
Location
Month
Acquired
Purchase Price
Debt
Assumed
Cash
Total
GLA
U.S. Acquisitions:
108 West Germania . . . . . . . . . . . . . . . . . . Chicago, IL
Jan-08
1429 Walnut St . . . . . . . . . . . . . . . . . . . . . . Philadelphia, PA Jan-08
168 North Michigan Ave. . . . . . . . . . . . . . . Chicago, IL
Jan-08 (1)
118 Market St . . . . . . . . . . . . . . . . . . . . . . . Philadelphia, PA Feb-08 (1)
Alison Building . . . . . . . . . . . . . . . . . . . . . Philadelphia, PA Apr-08 (1)
Lorden Plaza . . . . . . . . . . . . . . . . . . . . . . . . Milford, NH
East Windsor Village . . . . . . . . . . . . . . . . . East Windsor, NJ May-08 (2)
Sep-08 (5)
Potomac Run Plaza . . . . . . . . . . . . . . . . . . . Sterling, VA
Apr-08
— $
9,250 $
$
9,250
22,100 6,400 28,500
— 13,000
13,000
—
600
600
— 15,875
15,875
5,650 26,000 31,650
10,370 19,780 30,150
21,430 44,046 65,476
98,275 96,226 194,501
Latin American Acquisitions:
Valinhos . . . . . . . . . . . . . . . . . . . . . . . . . . . Valinhos, Brazil
Vicuna Mackenna . . . . . . . . . . . . . . . . . . . . Santiago, Chile
Total Acquisitions . . . . . . . . . . . . . . . . . . . .
Jun-08 (3)
Aug-08 (4)
17,384
4,025
— 17,384
4,025
—
$ 119,684 $ 96,226 $ 215,910
41
76
74
1
58
149
249
361
1,009
121
26
1,156
(1) Property is scheduled for redevelopment.
(2) The Company acquired this property from a joint venture in which the Company had an approximate 15%
noncontrolling ownership interest.
(3) The Company provided $12.2 million as part of its 70% economic interest in this newly formed joint venture for the
acquisition of this operating property and land parcel. The Company has determined, under the provisions of the
FASB’s Consolidation guidance, that this joint venture is a VIE and that the Company is the primary beneficiary.
As such, the Company has consolidated this entity for accounting and reporting purposes.
(4) The Company provided a $3.0 million equity investment to a newly formed joint venture in which the Company has
a 75% economic interest for the acquisition of this operating property and has determined under the provisions of
the FASB’s Consolidation guidance that this joint venture is a VIE and that the Company is the primary beneficiary.
As such, the Company has consolidated this entity for accounting and reporting purposes.
(5) The Company acquired this property from a joint venture in which the Company holds a 20% noncontrolling
interest.
100
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
The aggregate purchase price of the above mentioned 2009 and 2008 properties have been allocated to the tangible
and intangible assets and liabilities of the properties in accordance with the FASB’s Business Combinations guidance,
at the date of acquisition, based on evaluation of information and estimates available at such date. As final information
regarding the fair value of the assets acquired and liabilities assumed is received and estimates are refined, appropriate
adjustments will be made to the purchase price allocation on a retrospective basis. The allocations are finalized no later
than twelve months from the acquisition date. The total aggregate fair value was allocated as follows (in thousands):
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Below Market Rents . . . . . . . . . . . . . . . . . . . . . . . . . .
Above Market Rents . . . . . . . . . . . . . . . . . . . . . . . . . .
In-Place Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Building Improvements . . . . . . . . . . . . . . . . . . . . . . .
Tenant Improvements . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgage Fair Value Adjustment . . . . . . . . . . . . . . . .
Other Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2009
$ 317,052
383,666
(52,982)
38,681
34,042
12,602
182,318
27,664
1,670
20,088
(9,430)
$ 955,371
2008
$ 55,323
121,927
(8,926)
2,167
6,879
2,739
28,589
7,147
65
—
—
$ 215,910
Included within the Company’s consolidated operating properties are 12 consolidated entities that are VIEs and
for which the Company is the primary beneficiary. All of these entities have been established to own and operate real
estate property. The Company’s involvement with these entities is through its majority ownership and management of
the properties. These entities were deemed VIEs primarily based on the fact that the voting rights of the equity investors
is not proportional to their obligation to absorb expected losses or receive the expected residual returns of the entity and
substantially all of the entity’s activities are conducted on behalf of the investor which has disproportionately fewer voting
rights. The Company determined that it was the primary beneficiary of these VIEs as a result of its economic ownership
percentage which provides that the Company would absorb a majority of the entity’s expected losses, receive a majority
of the entity’s expected residual returns, or both.
At December 31, 2009, total assets of these VIEs were approximately $1.0 billion and total liabilities were
approximately $542.1 million, including $363.4 million of non-recourse mortgage debt. The classification of these assets is
primarily within real estate and the classification of liabilities are primarily within mortgages payable and noncontrolling
interests in the Company’s Consolidated Balance Sheets.
The majority of the operations of these VIEs are funded with cash flows generated from the properties. Four of
these entities are encumbered by third party non-recourse mortgage debt aggregating approximately $363.4 million. The
Company has not provided financial support to any of these VIEs that it was not previously contractually required to
provide, which consists primarily of funding any capital expenditures, including tenant improvements, which are deemed
necessary to continue to operate the entity and any operating cash shortfalls that the entity may experience.
Included within the VIEs noted above is a joint venture investment which, during 2009, the Company provided a
capital contribution to and another joint venture investment for which the Company entered into an amendment to its
LLC agreement. These events were both considered reconsideration events under FASB’s Consolidation guidance. Such
reconsideration determined that these two joint ventures were now VIEs and that the Company is the primary beneficiary
of each joint venture.
Ground-Up Development
The Company is engaged in ground-up development projects which consist of (i) U.S. ground-up development projects
which will be held as long-term investments by the Company and (ii) various ground-up development projects located in
Latin America for long-term investment. During 2009, the Company changed its merchant building business strategy from
a sale upon completion strategy to a long-term hold strategy. Those properties previously considered merchant building
101
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
have been either placed in service as long-term investment properties or included in U.S. ground-up development projects.
The ground-up development projects generally have significant pre-leasing prior to the commencement of construction.
As of December 31, 2009, the Company had in progress a total of 11 ground-up development projects, consisting of seven
ground-up development projects located throughout Mexico, two ground-up development projects located in the U.S., one
ground-up development project located in Chile, and one ground-up development project located in Brazil.
During 2009, the Company expended approximately $9.9 million to purchase its partners noncontrolling partnership
interests in five of its former merchant building projects. Since there was no change in control, these transactions resulted
in an adjustment to the Company’s Paid-in capital of approximately $7.2 million.
Long-term Investment Projects
During 2009, the Company acquired a land parcel located in Rio Claro, Brazil through a newly formed joint venture
in which the Company has a 70% controlling ownership interest for a purchase price of 3.3 million Brazilian Reals
(approximately USD $1.5 million). This parcel will be developed into a 48,000 square foot retail shopping center. Due to
future commitments from the partners to fund construction costs throughout the construction period the Company has
determined that this joint venture is a VIE and that the Company is the primary beneficiary. As such, the Company has
consolidated this entity for accounting and reporting purposes.
During 2008, the Company acquired (i) 5 land parcels located throughout Mexico for an aggregate purchase
price of approximately 368.2 million Mexican Pesos (“MXP”) (approximately USD $33.3 million), (ii) one land parcel
located in Lima, Peru for a purchase price of approximately 1.9 million Peruvian Nuevo Sol (“PEN”) (approximately
USD $0.7 million), (iii) two land parcels located in Chile for a purchase price of approximately 7.9 billion CLP
(approximately USD $16.1 million) and (iv) one land parcel located in Hortolandia, Brazil for a purchase price of
approximately 7.4 BRL (approximately USD $3.2 million). These nine land parcels will be developed into retail centers
aggregating approximately 1.7 million square feet of gross leasable area with a total estimated aggregate project cost of
approximately USD $195.5 million.
During 2008, the Company acquired, through an unconsolidated joint venture investment, 11 land parcels, in separate
transactions, located in various cities throughout Mexico for an aggregate purchase price of approximately 554.9 million
MXP (approximately USD $48.5 million) which will be held for investment or possible future development.
Additionally, during 2008, the Company acquired, through an existing consolidated joint venture, a redevelopment
property in Bronx, NY, for a purchase price of approximately $5.2 million. The property will be redeveloped into a retail
center with a total estimated project cost of approximately $17.7 million.
Included within the Company’s ground-up development projects at December 31, 2009 are 10 consolidated entities
that are VIEs and for which the Company is the primary beneficiary. These entities were established to develop real
estate property to hold as long-term investments. The Company’s involvement with these entities is through its majority
ownership and management of the properties. These entities were deemed VIEs primarily based on the fact that the equity
investment at risk is not sufficient to permit the entity to finance its activities without additional financial support. The
initial equity contributed to these entities was not sufficient to fully finance the real estate construction as development
costs are funded by the partners throughout the construction period. The Company determined that it was the primary
beneficiary of these VIEs as a result of its economic ownership percentage which provides that the Company would
absorb a majority of the entity’s expected losses, receive a majority of the entity’s expected residual returns, or both.
At December 31, 2009, total assets of these VIEs were approximately $276.3 million and total liabilities were
approximately $32.7 million. The classification of these assets is primarily within real estate and the classification of
liabilities are primarily within accounts payable and accrued expenses in the Company’s Consolidated Balance Sheets.
The majority of the projected development costs to be funded to these VIEs, aggregating approximately $41.1 million,
will be funded with capital contributions from the Company and when contractually obligated by the outside partner.
The Company has not provided financial support to the VIE that it was not previously contractually required to provide.
Also included within the Company’s ground-up developments at December 31, 2009, are 10 unconsolidated joint
ventures, which are VIEs for which the Company is not the primary beneficiary. These joint ventures were primarily
established to develop real estate property for long-term investment. These entities were deemed VIEs primarily based
102
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
on the fact that the equity investment at risk was not sufficient to permit the entity to finance its activities without
additional financial support. The initial equity contributed to these entities was not sufficient to fully finance the real
estate construction as development costs are funded by the partners throughout the construction period. The Company
determined that it was not the primary beneficiary of these VIEs based on the fact that Company would receive less than
a majority of the entity’s expected losses, receive less than a majority of the entity’s expected residual returns, or both.
The Company’s aggregate investment in these VIEs was approximately $153.9 million as of December 31, 2009,
which is included in Real estate under development in the Company’s Consolidated Balance Sheets. The Company’s
maximum exposure to loss as a result of its involvement with these VIEs is estimated to be $230.6 million, which
primarily represents the Company’s current investment and estimated future funding commitments. The Company has
not provided financial support to these VIEs that it was not previously contractually required to provide. All future costs
of development will be funded with capital contributions from the Company and the outside partner in accordance with
their respective ownership percentages.
Kimsouth
On May 12, 2006, the Company acquired an additional 48% interest in Kimsouth Realty Inc. (“Kimsouth”), a
joint venture investment in which the Company had previously held a 44.5% noncontrolling interest, for approximately
$22.9 million. As a result of this transaction, the Company’s total ownership increased to 92.5% and the Company
became the controlling shareholder. The Company commenced consolidation of Kimsouth upon the closing date. The
acquisition of the additional 48% ownership interest has been accounted for as a step acquisition with the purchase price
being allocated to the identified assets and liabilities of Kimsouth. As of May 12, 2006, Kimsouth consisted of five
properties, all of which have been subsequently sold and/or transferred.
As of May 12, 2006, Kimsouth had approximately $133.0 million of NOL carryforwards, which could be utilized to
offset future taxable income of Kimsouth. The Company evaluated the need for a valuation allowance based on projected
taxable income and determined that a valuation allowance of approximately $34.2 million was required. As such, a
purchase price adjustment of $17.5 million was recorded. As of December 31, 2008, Kimsouth had fully utilized its NOLs.
(See Note 22 for additional information).
During 2009, the Company acquired the remaining 7.5% interest in Kimsouth for approximately $5.5 million. Since
there was no change in control, this transaction resulted in an adjustment to the Company’s Additional paid in capital of
approximately $3.9 million.
During June 2006, Kimsouth contributed approximately $51.0 million, of which $47.2 million or 92.5% was provided
by the Company, to fund its 15% noncontrolling interest in a newly formed joint venture with an investment group to
acquire a portion of Albertson’s Inc. To maximize investment returns, the investment group’s strategy with respect to
this joint venture, includes refinancing, selling selected stores and the enhancement of operations at the remaining stores.
Kimsouth accounts for this investment under the equity method of accounting. During 2007, this joint venture completed
the disposition of certain operating stores and a refinancing of the remaining assets in the joint venture. As a result of
these transactions, Kimsouth received a cash distribution of approximately $148.6 million. Kimsouth had a remaining
capital commitment obligation to fund up to an additional $15.0 million for general purposes. This amount was included
in Other liabilities in the Consolidated Balance Sheets. During March 2008, the Albertson’s partnership agreement was
amended to release the Company of its remaining capital commitment obligation, as a result the Company recognized
pre-tax income of $15.0 million from cash received in excess of the Company’s investment.
During 2008, the Albertson’s joint venture disposed of 121 operating properties for an aggregate sales price of
approximately $564.0 million, resulting in a gain of approximately $552.3 million, of which Kimsouth’s share was
approximately $73.1 million. During 2008, Kimsouth recognized equity in income from the Albertson’s joint venture
of approximately $64.4 million before income taxes, including the $73.1 million of gain and $15.0 million from cash
received in excess of the Company’s investment. As a result of these transactions, Kimsouth fully reduced its deferred
tax asset valuation allowance and utilized all of its remaining NOL carryforwards, which provided a tax benefit of
approximately $3.1 million.
Additionally, during 2008, the Albertson’s joint venture acquired six operating properties and four leasehold
properties for approximately $26.0 million, including the assumption of approximately $5.8 million in non-recourse
mortgage debt encumbering one of the properties.
103
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During the year ended December 31, 2007, Kimsouth’s income from the Albertson’s joint venture aggregated
approximately $49.6 million, net of income tax. This amount includes (i) an operating loss of approximately $15.1 million,
net of an income tax benefit of approximately $10.1 million, (ii) distribution in excess of Kimsouth’s investment of
approximately $10.4 million, net of income tax expense of approximately $6.9 million, and (iii) an extraordinary gain of
approximately $54.3 million, net of income tax expense of approximately $36.2 million, resulting from purchase price
allocation adjustments as determined in accordance with the FASB’s Business Combination guidance. In accordance with
the FASB’s Equity Method and Joint Venture guidance, the Company has classified its 15% share of the extraordinary
gain, net of income taxes, as a separate component on the Company’s Consolidated Statements of Operations.
During 2007, Kimsouth sold its remaining property for an aggregate sales price of approximately $9.1 million. This
sale resulted in a gain of approximately $7.9 million, net of income taxes.
5. DISPOSITIONS OF REAL ESTATE:
Operating Real Estate
During 2009, the Company disposed of, in separate transactions, portions of six operating properties and one land
parcel for an aggregate sales price of approximately $28.9 million. The Company provided seller financing for two of
these transactions aggregating approximately $1.4 million, which bear interest at 9% per annum and are scheduled to
mature in January and March 2012. The Company evaluated these transactions pursuant to the FASB’s real estate sales
guidance. These seven transactions resulted in the Company’s recognition of an aggregate net gain of approximately
$4.1 million, net of income tax of $0.2 million.
Additionally, during 2009, a consolidated joint venture in which the Company has a preferred equity investment
disposed of a portion of a property for a sales price of approximately $1.1 million. As a result of this capital transaction,
the Company received approximately $0.1 million of profit participation. This profit participation has been recorded as
Income from other real estate investments in the Company’s Consolidated Statements of Operations.
Also during 2009, a consolidated joint venture in which the Company has a controlling interest disposed of a parcel
of land for approximately $4.8 million and recognized a gain of approximately $4.4 million, before income taxes and
noncontrolling interest. This gain has been recorded as Other income/(expense), net in the Company’s Consolidated
Statements of Operations.
During 2009, FNC Realty Corporation (“FNC”), a consolidated entity in which the Company holds a 53% controlling
ownership interest, disposed of two properties, in separate transactions, for an aggregate sales price of approximately
$2.4 million. These transactions resulted in an aggregate pre-tax profit of approximately $0.9 million, before noncontrolling
interest of $0.5 million. This income has been recorded as Income from other real estate investments in the Company’s
Consolidated Statements of Operations.
During 2008, FNC disposed of a property for a sales price of approximately $3.3 million. This transaction resulted
in a pre-tax profit of approximately $2.1 million, before noncontrolling interest of $1.0 million. This income has been
recorded as Income from other real estate investments in the Company’s Consolidated Statements of Operations.
During 2008, the Company disposed of seven operating properties and a portion of four operating properties, in
separate transactions, for an aggregate sales price of approximately $73.0 million, which resulted in an aggregate gain of
approximately $20.0 million. In addition, the Company partially recognized deferred gains of approximately $1.2 million
on three properties relating to their transfer and partial sale in connection with the Kimco Income Fund II transaction
described below.
During 2007, the Company transferred 11 operating properties to a wholly-owned consolidated entity, Kimco
Income Fund II (“KIF II”), for an aggregate purchase price of approximately $278.2 million, including non-recourse
mortgage debt of $180.9 million, encumbering 11 of the properties. During 2008, the Company transferred an additional
three properties for $73.9 million, including $50.6 million in non-recourse mortgage debt. During 2008 the Company
sold a 26.4% noncontrolling ownership interest in the entity to third parties for approximately $32.5 million, which
approximated the Company’s cost. The Company continues to consolidate this entity.
104
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Additionally, during 2008, the Company disposed of an operating property for approximately $21.4 million.
The Company provided seller financing for approximately $3.6 million, which bears interest at 10% per annum and is
scheduled to mature on May 1, 2011. Due to the terms of this financing, the Company has deferred its gain of $3.7 million
from this sale.
Additionally, during 2008, a consolidated joint venture in which the Company had a preferred equity investment
disposed of a property for a sales price of approximately $35.0 million. As a result of this capital transaction, the Company
received approximately $3.5 million of profit participation, before noncontrolling interest of approximately $1.1 million.
This profit participation has been recorded as income from other real estate investments and is reflected in Income from
discontinued operating properties in the Company’s Consolidated Statements of Operations.
During 2007, the Company (i) disposed of six operating properties and completed partial sales of three operating
properties, in separate transactions, for an aggregate sales price of approximately $40.0 million, which resulted in an
aggregate net gain of approximately $6.4 million, after income taxes of approximately $1.6 million, and (ii) transferred
one operating property, which was acquired in the first quarter of 2007, to a joint venture in which the Company holds a
15% noncontrolling ownership interest for an aggregate price of approximately $4.5 million, which represented the net
book value.
During 2007, FNC disposed of, in separate transactions, seven properties and completed the partial sale of an
additional property for an aggregate sales price of $10.4 million. These transactions resulted in pre-tax profits of
approximately $4.7 million, before noncontrolling interest of $3.3 million.
Additionally, during 2007, two consolidated joint ventures in which the Company had preferred equity investments
disposed of, in separate transactions, their respective properties for an aggregate sales price of approximately $66.5 million.
As a result of these capital transactions, the Company received approximately $22.1 million of profit participation, before
noncontrolling interest of approximately $5.6 million. This profit participation has been recorded as income from other
real estate investments and is reflected in Income from discontinued operating properties in the Company’s Consolidated
Statements of Operations.
Ground-Up Development
During 2009, the Company sold, in separate transactions, five out-parcels, four land parcels and three ground
leases for aggregate proceeds of approximately $19.4 million. These transactions resulted in gains on sale of development
properties of approximately $5.8 million, before income taxes of $2.3 million.
During 2008, the Company sold, in separate transactions, (i) two completed merchant building projects,
(ii) 21 out-parcels, (iii) a partial sale of one project and (iv) a partnership interest in one project for aggregate proceeds of
approximately $73.5 million and received approximately $4.1 million of proceeds from completed earn-out requirements
on three previously sold merchant building projects. These sales resulted in gains of approximately $36.6 million, before
income taxes of $14.6 million.
During 2007, the Company sold, in separate transactions, (i) four of its recently completed merchant building
projects, (ii) 26 out-parcels, (iii) 74.3 acres of undeveloped land and (iv) completed partial sales of two projects, for an
aggregate total proceeds of approximately $310.5 million and received approximately $3.3 million of proceeds from
completed earn-out requirements on previously sold projects. These sales resulted in pre-tax gains of approximately $40.1
million, before income taxes of $16.0 million.
6. ADJUSTMENT OF PROPERTY CARRYING VALUES:
Impairments
During 2009, as part of the Company’s ongoing impairment assessment, the Company determined that there were
certain redevelopment mixed-use properties with estimated recoverable values that would not exceed their estimated
costs. As a result, the Company recorded an aggregate impairment of property carrying values of approximately $50.0
million, representing the excess of the carrying values of 10 properties, primarily located in Philadelphia, Chicago, New
York and Boston, over their estimated fair values.
105
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Additionally, during 2009, the Company determined that there was one ground-up development project with an
estimated recoverable value that would not exceed its estimated cost. As a result, the Company recorded an impairment
of approximately $2.1 million, representing the excess of the carrying value of the project over its estimated fair value.
During 2008, the Company had determined that for two of its ground-up development projects, located in Middleburg,
FL and Miramar, FL, the estimated recoverable value will not exceed their estimated cost. As a result, the Company
recorded an aggregate pre-tax adjustment of property carrying value on these projects of $7.9 million, representing the
excess of the carrying values of the projects over their estimated fair values.
During 2007, the Company’s recorded an aggregate pre-tax adjustment of property carrying value for two of its
ground-up development projects, located in Jacksonville, FL and Anchorage, AK, of $8.5 million, representing the excess
of the carrying values of the projects over their estimated fair values.
These impairments were primarily due to declines in real estate fundamentals along with adverse changes in local
market conditions and the uncertainty of their recovery. The Company’s estimated fair values were based upon projected
operating cash flows (discounted and unleveraged) of the property over its specified holding period. Such cash flow
projections consider factors such as expected future operating income, trends and prospects, as well as the effects of
demand, competition and other factors. Capitalization rates and discount rates utilized in these models were based upon
rates that the Company believes to be within a reasonable range of current market rates for the respective properties.
7. DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE:
The Company reports as discontinued operations assets held-for-sale as of the end of the current period and assets
sold during the period. All results of these discontinued operations are included in a separate component of income
on the Consolidated Statements of Operations under the caption Discontinued operations. This has resulted in certain
reclassifications of 2009, 2008 and 2007 financial statement amounts.
The components of Income from discontinued operations for each of the three years in the period ended
December 31, 2009, are shown below. These include the results of operations through the date of each respective sale for
properties sold during 2009, 2008 and 2007(in thousands):
Discontinued operations:
Revenues from rental property . . . . . . . . . . . . . . . . . . . . . . . . . .
Rental property expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Loss)/income from other real estate Investments . . . . . . . . . . .
Other (expense)/income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(Loss)/income from discontinued operating properties . . . . . . .
Provision for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Loss on operating properties held for sale/sold . . . . . . . . . . . . .
Gain on disposition of operating Properties . . . . . . . . . . . . . . . .
Income from discontinued operations . . . . . . . . . . . . . . . . . . . .
Net income attributable to noncontrolling interests . . . . . . . . . .
Income from discontinued operations attributable
2009
2008
2007
$ 47
(46)
(48)
—
(9)
(116)
(172)
(235)
(174)
689
108
—
$ 6,316
(1,031)
(2,208)
(116)
3,451
165
6,577
—
(598)
20,018
25,997
(1,281)
$ 11,468
(3,783)
(3,207)
(597)
34,740
(3,013)
35,608
—
(1,832)
5,538
39,314
(5,740)
to the Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 108
$24,716
$33,574
During 2008, the Company classified as held-for-sale four shopping center properties comprising approximately
0.2 million square feet of GLA. The book value of each of these properties, aggregating approximately $16.2 million, net
of accumulated depreciation of approximately $11.3 million, did not exceed each of their estimated fair value. As a result,
no adjustment of property carrying value had been recorded. The Company’s determination of the fair value for these
properties, aggregating approximately $28.6 million, was based upon executed contracts of sale with third parties less
estimated selling costs. During 2009 and 2008, the Company reclassified one property previously classified as held-for-
sale into held-for-use and completed the sale of three of these properties.
106
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During 2007, the Company classified as held-for-sale ten shopping center properties comprising approximately
0.6 million square feet of GLA. The book value of each of these properties, aggregating approximately $80.7 million,
net of accumulated depreciation of approximately $4.9 million, did not exceed each of their estimated fair values. As a
result, no adjustment of property carrying value had been recorded. The Company’s determination of the fair value for
each of these properties, aggregating approximately $116.8 million, was based primarily upon executed contracts of sale
with third parties less estimated selling costs. During 2008 and 2007, the Company completed the sale of seven of these
properties and reclassified three properties as held-for-use.
8.
INVESTMENT AND ADVANCES IN REAL ESTATE JOINT VENTURES:
Kimco Prudential Joint Ventures (“KimPru”)
On October 31, 2006, the Company completed the merger of Pan Pacific Retail Properties Inc. (“Pan Pacific”), which
had a total transaction value of approximately $4.1 billion, including Pan Pacific’s outstanding debt totaling approximately
$1.1 billion. As of October 31, 2006, Pan Pacific owned interests in 138 operating properties, which comprised approximately
19.9 million square feet of GLA, located primarily in California, Oregon, Washington and Nevada.
Immediately following the merger, the Company commenced its joint venture agreements with Prudential Real Estate
Investors (“PREI”) through three separate accounts managed by PREI. In accordance with the joint venture agreements,
all Pan Pacific assets and respective non-recourse mortgage debt and a newly obtained $1.2 billion credit facility used to
fund the transaction were transferred to the separate accounts. PREI contributed approximately $1.1 billion on behalf of
institutional investors in three of its portfolios. The Company holds a 15% noncontrolling ownership interest in each of
the joint ventures, collectively, KimPru. The Company accounts for its investment in KimPru under the equity method of
accounting. In addition, the Company manages the portfolios and earns acquisition fees, leasing commissions, property
management fees and construction management fees.
During August 2008, KimPru entered into a $650.0 million credit facility, which bears interest at a rate of LIBOR
plus 1.25% and was initially scheduled to mature in August 2009. This facility included an option to extend the maturity
date for one year, subject to certain requirements including a reduction of the outstanding balance to $485.0 million.
During August 2009, KimPru exercised the one-year extension option and made an additional payment to reduce the
balance to $485.0 million; as such the credit facility is scheduled to mature in August 2010. Proceeds from this credit
facility were used to repay the outstanding balance of $658.7 million under the $1.2 billion credit facility, referred to
above, which was scheduled to mature in October 2008 and bore interest at a rate of LIBOR plus 0.45%. This facility is
guaranteed by the Company with a guarantee from PREI to the Company for 85% of any guaranty payment the Company
is obligated to make. As of December 31, 2009, the outstanding balance on the credit facility was $331.0 million. This
outstanding balance is anticipated to be repaid with proceeds from property sales and partner capital contributions.
During 2009, KimPru sold 22 operating properties for an aggregate sales price of approximately $214.0 million,
comprised of (i) 11 operating properties sold to the Company for an aggregate sales price of approximately $106.9 million.
These sales resulted in an aggregate net gain of approximately $0.9 million of which the Company’s share was
approximately $0.1 million and (ii) 11 operating properties and its interest in an unconsolidated joint venture, sold in
separate transactions, for an aggregate sales price of approximately $107.1 million. These sales resulted in an aggregate
net loss of approximately $0.1 million. Proceeds from these property sales were used to repay a portion of the outstanding
balance on the $650.0 million credit facility.
During 2008, KimPru sold four operating properties for an aggregate sales price of approximately $45.3 million.
Proceeds from this property sale were used to repay a portion of the outstanding balance on the $1.2 billion credit
facility.
During 2007, KimPru sold, in separate transactions, 27 operating properties, two of which were sold to the Company
and one development property in separate transactions, for an aggregate sales price of approximately $517.0 million.
These sales resulted in an aggregate loss of approximately $2.8 million, of which the Company’s share was approximately
$0.4 million.
107
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During 2009, KimPru (i) repaid approximately $52.4 million of non-recourse mortgage debt which bore interest
at rates ranging from 4.92% to 8.30% and was scheduled to mature in 2009, (ii) refinanced an aggregate $46.5 million
in mortgage debt encumbering four properties, which bore interest at a rate of 7.10% and matured during 2009, with
$48.0 million in mortgage debt which bears interest at a rate of 7.875% and is scheduled to mature in 2016 and (iii) obtained
new mortgages encumbering three properties aggregating approximately $33.0 million which bear interest at a rate of
LIBOR plus 5.75% and are scheduled to mature in 2012. Proceeds from these mortgages were used to repay a portion of
the outstanding balance on the $650.0 million credit facility.
During 2009, the Company recognized non-cash impairment charges of $28.5 million, against the carrying value of
its investment in KimPru, reflecting an other-than-temporary decline in the fair value of its investment resulting from a
further decline in the real estate markets.
In addition to the impairment charges above, KimPru recognized impairment charges during 2009 of approximately
$223.1 million relating to (i) certain properties held by an unconsolidated joint venture within the KimPru joint venture
based on estimated sales prices and (ii) a writedown against the carrying value of an unconsolidated joint venture,
reflecting an other-than-temporary decline in the fair value of its investment resulting from a decline in the real estate
markets. The Company’s share of these impairment charges were approximately $33.4 million, before income tax benefits
of approximately $11.0 million, which is included in Equity in income of joint ventures, net on the Company’s Consolidated
Statements of Operations.
During 2008, the Company recognized non-cash impairment charges of $15.5 million, against its carrying value of
its investment in KimPru, reflecting an other-than-temporary decline in the fair value of its investment resulting from a
significant decline in the real estate markets during 2008.
In addition to the impairment charges above, KimPru recognized impairment charges during 2008 of approximately
$74.6 million, of which the Company’s share was $11.2 million, before an income tax benefit of approximately $4.5 million,
relating to certain properties held by an unconsolidated joint venture within the KimPru joint venture that are deemed
held-for-sale or were transitioned from held-for-sale to held-for-use properties.
During January 2007, the Company and PREI entered into a new joint venture in which the Company holds a
15% noncontrolling interest (“KimPru II”), which acquired 16 operating properties, aggregating 3.3 million square feet
of GLA, for an aggregate purchase price of approximately $822.5 million, including the assumption of approximately
$487.0 million in non-recourse mortgage debt. Six of these properties were transferred from a joint venture in which
the Company held a 5% noncontrolling ownership interest. One of the properties was transferred from a joint venture
in which the Company held a 30% noncontrolling ownership interest. As a result of this transaction, the Company
recognized profit participation of approximately $3.7 million and recognized its share of the gain. The Company accounts
for its investment in KimPru II under the equity method of accounting. In addition, the Company manages the portfolios
and earns acquisition fees, leasing commissions, property management fees and construction management fees.
During June 2009, the Company recognized a non-cash impairment charge of $4.0 million, against the carrying
value of KimPru II. This impairment reflects an other-than-temporary decline in the fair value of its investment resulting
from a further decline in the real estate markets.
In addition to the impairment charges above, during 2009, KimPru II recognized non-cash impairment charges
relating to two properties aggregating approximately $11.4 million based on estimated sales price. The Company’s share
of these impairment charges were approximately $1.7 million, which is included in Equity in income of joint ventures, net
on the Company’s Consolidated Statements of Operations. These operating properties were sold, in separate transactions,
during 2009 for an aggregate sales price of approximately $43.5 million, which resulted in no gain or loss.
The Company’s estimated fair values relating to the impairment assessments above are based upon discounted cash
flow models that include all estimated cash inflows and outflows over a specified holding period and where applicable, any
estimated debt premiums. Capitalization rates, discount rates and credit spreads utilized in these models are based upon
rates that the Company believes to be within a reasonable range of current market rates for the respective properties.
As of December 31, 2009, the KimPru and KimPru II portfolios were comprised of 97 shopping center properties
aggregating approximately 16.3 million square feet of GLA located in 12 states.
108
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
For the year ended December 31, 2009, two of the ventures within KimPru (PRK Holdings I LLC and PRK
Holdings II LLC) are considered significant subsidiaries of the Company based upon reaching certain income thresholds
per the Securities and Exchange Commission’s (“SEC”) Regulation S-X Rule 3-09. The Company’s equity in income from
each of these ventures for the year ended December 31, 2009, exceeded 20% of the Company’s income from continuing
operations, as such the Company has included audited financial statements of these ventures as Exhibit 99.3 and Exhibit
99.4 to this annual report on Form 10-K. Additionally, the Company’s equity in income from KimPru II for the year
ended December 31, 2009, exceeded 10% of the Company’s income from continuing operations, as such the Company is
providing summarized financial information for KimPru II as follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Members’ Capital:
Notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Members’ capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
KimPru II
December 31,
2009
2008
$731.3
22.6
$753.9
$797.5
23.7
$821.2
$ — $ —
481.9
10.9
—
328.4
$821.2
442.8
9.6
—
301.5
$753.9
Revenues from rental properties . . . . . . . . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . . .
Impairments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other income/(expense), net . . . . . . . . . . . . . . . . . . . .
(Loss)/income from continuing operations . . . . . . . .
Discontinued operations:
(Loss)/income from discontinued operations . . . . . . .
Loss on disposition of properties . . . . . . . . . . . . . . . .
Net (loss)/income . . . . . . . . . . . . . . . . . . . . . . . . . . . .
KimPru II
December 31,
2008
$ 73.6
(19.5)
(25.0)
(26.5)
—
0.1
(70.9)
2.7
0.2
—
$ 2.9
2007
$ 65.7
(17.5)
(24.4)
(18.2)
—
0.4
(59.7)
6.0
0.3
—
$ 6.3
2009
$ 69.6
(18.8)
(24.8)
(23.2)
(11.4)
11.0
(67.2)
2.4
(7.0)
(4.5)
$ (9.1)
Kimco Income Operating Partnership, L.P. (“KIR”)
The Company holds a 45% noncontrolling limited partnership interest in KIR and has a master management
agreement whereby the Company performs services for fees relating to the management, operation, supervision and
maintenance of the joint venture properties.
During 2009, KIR repaid three maturing non-recourse mortgages aggregating approximately $40.3 million, which
bore interest at 7.57%. KIR also obtained five new non-recourse mortgages on four previously unencumbered properties
aggregating approximately $45.9 million bearing interest at rates ranging from 6.30% to 7.25% with maturity dates
ranging from 2012 to 2019.
109
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
In addition, during 2009, KIR refinanced approximately $27.2 million of mortgage debt encumbering one property,
which bore interest at a rate of 8.3% and matured during 2009, with new mortgage debt of approximately $27.5 million
which bears interest at 7.25% and is scheduled to mature in 2014.
During 2008, KIR repaid 16 non-recourse mortgages aggregating approximately $209.6 million, which were
scheduled to mature in 2008 and bore interest at rates ranging from 6.57% to 7.28%. Proceeds from eight individual non-
recourse mortgages obtained during 2008, aggregating approximately $218.3 million, bearing interest at rates ranging
from 6.0% to 6.5% with maturity dates ranging from 2015 to 2018 were used to fund these repayments.
During 2008, KIR disposed of one operating property for a sales price of approximately $1.9 million. This sale resulted
in an aggregate loss of approximately $0.6 million of which the Company’s share was approximately $0.3 million.
During 2007, KIR disposed of three operating properties, in separate transactions, for an aggregate sales price of
approximately $149.3 million. These sales resulted in an aggregate gain of approximately $46.0 million of which the
Company’s share was approximately $20.7 million.
During 2009, KIR recognized an impairment charge relating to one property of approximately $5.0 million. The
Company’s share of this impairment charge was approximately $2.3 million which is included in Equity in income of
joint ventures, net on the Company’s Consolidated Statements of Operations. This operating property is currently in
foreclosure proceedings with the third party mortgage lender.
KIR’s estimated fair value relating to the impairment assessment above was based upon a discounted cash flow
model that include all estimated cash inflows and outflows over a specified holding period. Capitalization rates and
discount rates utilized in this model were based upon rates that the Company believes to be within a reasonable range of
current market rates for the respective property.
As of December 31, 2009, the KIR portfolio was comprised of 62 shopping center properties aggregating
approximately 13.1 million square feet of GLA located in 18 states.
For the year ended December 31, 2009, KIR is considered a significant subsidiary of the Company based upon
reaching certain income thresholds per the SEC Regulation S-X Rule 3-09. The Company’s equity in income from KIR
for the year ended December 31, 2009, exceeded 20% of the Company’s income from continuing operations, as such the
Company has included audited financial statements of KIR as Exhibit 99.2 to this annual report on Form 10-K.
RioCan Investments
During October 2001, the Company formed three joint ventures (collectively, the “RioCan Ventures”) with RioCan
Real Estate Investment Trust (“RioCan”), in which the Company has 50% noncontrolling interests, to acquire retail
properties and development projects in Canada. The acquisition and development projects are to be sourced and managed
by RioCan and are subject to review and approval by a joint oversight committee consisting of RioCan management and
the Company’s management personnel. Capital contributions will only be required as suitable opportunities arise and are
agreed to by the Company and RioCan.
During 2009, the RioCan Ventures refinanced approximately $30.3 million in mortgage debt with approximately
$46.1 million in mortgage debt which bears interest at rates ranging from 5.90% to 6.82% and maturity dates ranging
from five years to ten years.
Additionally, during June 2008, the RioCan Ventures, through a newly formed joint venture, acquired 10 operating
properties, aggregating 1.1 million square feet of GLA, for an aggregate purchase price of approximately $153.4 million,
including the assumption of approximately $81.1 million in non-recourse mortgage debt.
110
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
As of December 31, 2009, the RioCan Ventures, were comprised of 45 operating properties and one joint venture
investment consisting of approximately 9.3 million square feet of GLA.
The Company’s equity in income from the Riocan Ventures for the year ended December 31, 2009, exceeded 10% of
the Company’s income from continuing operations, as such the Company is providing summarized financial information
for the RioCan Ventures as follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Members’ Capital:
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Members’ capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
December 31,
2009
2009
$1,137.4
24.3
$1,161.7
$ 993.5
24.3
$1,017.8
$ 899.4
16.4
245.9
$1,161.7
$ 767.8
14.0
236.0
$1,017.8
Revenues from rental properties . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . .
Other income, net . . . . . . . . . . . . . . . . . . . . .
Net income . . . . . . . . . . . . . . . . . . . . . . .
2009
$ 175.6
(65.1)
(47.5)
(31.4)
—
(144.0)
31.6
$
December 31,
2008
$ 179.7
(64.4)
(47.3)
(28.5)
0.6
(139.6)
40.1
$
2007
$ 170.6
(60.4)
(42.7)
(26.0)
0.5
(128.6)
42.0
$
Kimco / G.E. Joint Venture (“KROP”)
During 2001, the Company formed Kimco Retail Opportunity Portfolio (“KROP”) with GE Capital Real Estate
(“GECRE”), in which the Company has a 20% noncontrolling interest and manages the portfolio. During August 2006,
the Company and GECRE agreed to market for sale the properties within the KROP venture.
During 2009, KROP recognized an impairment charge relating to one property of approximately $2.2 million
based on the estimated fair value. The Company’s share of this impairment charge was approximately $1.0 million which
is included in Equity in income of joint ventures, net on the Company’s Consolidated Statements of Operations. This
operating property was foreclosed on by the third party mortgage lender in exchange for forgiveness of the outstanding
debt, this transaction resulted in no gain or loss.
KROP’s estimated fair value relating to the impairment assessment above was based upon a discounted cash flow
model that include all estimated cash inflows and outflows over a specified holding period. Capitalization rates and
discount rates utilized in this model were based upon rates that the Company believes to be within a reasonable range of
current market rates for the respective property.
During 2008, KROP transferred an operating property to the Company for a sales price of approximately
$65.5 million, including the assumption of approximately $44.0 million in non-recourse mortgage debt. This sale resulted
in a gain of $15.0 million of which the Company’s share was approximately $3.0 million. As a result of this transaction,
the Company has deferred its share of the gain related to its remaining ownership interest in the properties.
111
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During 2007, KROP sold seven operating properties for an aggregate sales price of approximately
$162.9 million. These sales resulted in an aggregate gain of $43.1 million of which the Company’s share was approximately
$8.6 million.
During 2007, KROP transferred ten operating properties for an aggregate sales price of approximately
$267.8 million, including approximately $111.6 million of non-recourse mortgage debt, to a new joint venture in which
the Company holds a 15% noncontrolling ownership interest. As a result of this transaction, the Company has deferred its
share of the gain related to its remaining ownership interest in the properties. The Company manages this joint venture
and accounts for this investment under the equity method of accounting.
Additionally, during 2007, KROP sold four operating properties to the Company for an aggregate sales price of
approximately $89.1 million, including the assumption of $41.9 million in non-recourse mortgage debt. The Company’s
share of the gains related to these transactions has been deferred.
As of December 31, 2009, the KROP portfolio was comprised of two operating properties aggregating approximately
0.1 million square feet of GLA located in two states.
The Company’s equity in income from KROP for the year ended December 31, 2007, exceeded 10% of the Company’s
income from continuing operations; as such the Company is providing summarized financial information for KROP as
follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Members’ Capital:
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . .
Members’ capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
December 31,
2009
2008
$ 67.4
7.6
$ 75.0
$ 56.4
0.7
4.2
13.7
$ 75.0
$ 83.5
5.5
$ 89.0
$ 68.4
1.4
3.9
15.3
$ 89.0
Revenues from rental properties . . . . . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . .
Impairments of real estate . . . . . . . . . . . . . . . . . .
Other (expense)/income, net . . . . . . . . . . . . . . . .
(Loss)/Income from continuing operations. . . . .
Discontinued operations:
Income/(Loss) from discontinued operations . . .
Gain on disposition of properties . . . . . . . . . . . .
Net (loss)/income . . . . . . . . . . . . . . . . . . . . . .
$
2009
7.3
(2.3)
(2.5)
(2.3)
(2.3)
(1.0)
(10.4)
(3.1)
December 31,
2008
$ 7.1
(2.3)
(3.1)
(2.4)
—
2.1
(5.7)
1.4
$
2007
7.7
(2.4)
(3.9)
(2.3)
—
(0.9)
(9.5)
(1.8)
0.1
1.4
$ (1.6)
(2.3)
20.5
$19.6
4.1
147.8
$150.1
112
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
PL Retail
During December 2004, the Company acquired the Price Legacy Corporation through a newly formed joint venture,
PL Retail LLC (“PL Retail”), in which the Company had a 15% noncontrolling interest and managed the portfolio. In
connection with this transaction, PL Retail had acquired 33 operating properties aggregating approximately 7.6 million
square feet of GLA located in ten states.
During November 2009, the 85% owner in PL Retail sold its interest to the Company. At the time of the transaction,
PL Retail indirectly owned through wholly-owned subsidiaries 21 shopping centers, comprising approximately 5.2
million square feet of GLA, in which the Company held a 15% noncontrolling interest just prior to this transaction. The
Company paid a purchase price equal to approximately $175.0 million, after customary adjustments and closing prorations,
which was equivalent to 85% of PL Retail LLC’s gross asset value, which equaled approximately $825 million, less the
assumption of $564 million of non-recourse mortgage debt encumbering 20 properties and $50 million of perpetual
preferred stock. This transfer resulted in an aggregate net gain of approximately $57.5 million of which the Company’s
share was approximately $8.6 million. As a result of this transaction the Company now consolidates this entity.
During 2009, prior to the Company acquiring PL Retail, PL Retail refinanced an aggregate $118.6 million in
mortgage debt, which bore interest at rates ranging from 8.18% to 10.18% and matured during 2009, with $131.5 million
in mortgage debt which bears interest at rates ranging from LIBOR plus 400 basis points to 7.70% and maturity dates
ranging from 2014 to 2016.
Additionally, during 2009, prior to the Company acquiring PL Retail, PL Retail recognized a non-cash impairment
charge of approximately $2.6 million relating to a property held-for-sale based on its estimated sales price. The Company’s
share of this impairment charge was approximately $0.4 million which is included in Equity in income of joint ventures,
net on the Company’s Consolidated Statements of Operations. PL Retail, subsequently sold this property for a sales price
of $104.0 million which resulted in a loss of approximately $1.1 million, of which the Company’s share was approximately
$0.2 million. Proceeds from this sale were used to partially pay down the outstanding balance on PL Retail’s revolving
credit facility described below.
During 2007, PL Retail sold one operating property for a sales price of $40.1 million which resulted in a gain of
approximately $13.5 million, of which the Company’s share was approximately $2.0 million. Proceeds from this sale were
used to partially pay down the outstanding balance on PL Retail’s revolving credit facility described below.
PL Retail had a $39.5 million unsecured revolving credit facility, which bore interest at LIBOR plus 400 basis
points, with a LIBOR floor of 1.5%, and was scheduled to mature in February 2010. This facility was guaranteed by the
Company and the joint venture partner had guaranteed reimbursement to the Company of 85% of any guaranty payment
the Company was obligated to make. During 2009, the joint venture fully repaid the outstanding balance and terminated
this credit facility utilizing proceeds from the property sale transactions described above.
The Company’s equity in income from PL Retail for the period from January 1, 2009 through the transaction date
of November 4, 2009, exceeded 10% of the Company’s income from continuing operations; as such the Company is
providing summarized financial information for PL Retail as follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Members’ Capital:
Notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Members’ capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
December 31,
2008
2009
$ — $861.8
117.3
$ — $979.1
—
$ — $ 35.6
649.0
10.6
56.9
227.0
$ — $979.1
—
—
—
—
113
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Revenues from rental properties . . . . . . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . .
Impairments of real estate . . . . . . . . . . . . . . . . . . .
Other (expense)/income, net . . . . . . . . . . . . . . . . . .
(Loss)/income from continuing operations . . . . . .
Discontinued operations:
Income from discontinued operations . . . . . . . . . .
Gain on disposition of properties . . . . . . . . . . . . . .
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2009
$ 58.6
(20.7)
(27.0)
(19.7)
(2.6)
(0.1)
(70.1)
(11.5)
18.9
57.5
$ 64.9
December 31,
2008
$ 83.1
(23.9)
(30.2)
(23.4)
—
1.2
(76.3)
6.8
0.3
—
$ 7.1
2007
$ 87.2
(26.1)
(37.1)
(22.8)
—
1.7
(84.3)
2.9
1.1
13.5
$ 17.5
InTown Suites
During June 2007, the Company entered into a joint venture, in which the Company has a noncontrolling ownership
interest, and acquired all of the common stock of InTown Suites Management, Inc, which holds 138 extended stay
residential properties (“InTown Suites”). This investment was funded with approximately $186.0 million of new cross-
collateralized non-recourse mortgage debt with a fixed interest rate of 5.59%, encumbering 35 properties, a $153.0 million
three-year unsecured credit facility, with two one-year extension options, which bears interest at LIBOR plus 0.375% and
is guaranteed by the Company and the assumption of $278.6 million cross-collateralized non-recourse mortgage debt
with fixed interest rates ranging from 5.19% to 5.89%, encumbering 86 properties. The joint venture partner has pledged
its equity interest for any guaranty payment the Company is obligated to pay. The outstanding balance on the three-year
unsecured credit facility was $147.5 million as of December 31, 2008.
For the year ended December 31, 2009, InTown Suites is considered a significant subsidiary of the Company based
upon reaching certain income thresholds per the SEC Regulation S-X Rule 3-09. The Company’s equity in income
from InTown Suites for the year ended December 31, 2009, exceeded 20% of the Company’s income from continuing
operations, as such the Company has included audited financial statements of InTown Suites as Exhibit 99.1 to this annual
report of Form 10-K.
Kimco/UBS Joint Ventures (“KUBS”)
The Company has joint venture investments with UBS Wealth Management North American Property Fund
Limited (“UBS”), in which the Company has noncontrolling interests ranging from 15% to 20%. These joint ventures,
(collectively “KUBS”), were established to acquire high quality retail properties primarily financed through the use of
individual non-recourse mortgages. Capital contributions are only required as suitable opportunities arise and are agreed
to by the Company and UBS. The Company manages the properties.
During 2009, KUBS refinanced $7.4 million in mortgage debt encumbering one property, which bore interest at a
rate of 4.74% and matured during 2009, with $6.0 million in mortgage debt which bears interest at a rate of 6.64% and is
scheduled to mature in 2014.
As of December 31, 2009, the KUBS portfolio was comprised of 43 operating properties aggregating approximately
6.2 million square feet of GLA located in 12 states.
Other Real Estate Joint Ventures
The Company and its subsidiaries have investments in and advances to various other real estate joint ventures.
These joint ventures are engaged primarily in the operation and development of shopping centers which are either owned
or held under long-term operating leases.
114
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During 2009, the Company acquired a land parcel located in San Luis Potosi, Mexico, through a joint venture
in which the Company has a noncontrolling interest, for an aggregate purchase price of approximately $0.8 million.
The Company accounts for its investment in this joint venture under the equity method of accounting. The Company’s
aggregate investment resulting from this transaction was approximately $0.4 million.
During 2009, a joint venture in which the Company held a 10% noncontrolling interest sold an operating property to
the Company for a sales price of approximately $23.6 million, including the assumption of a $13.5 million non-recourse
mortgage. This sale resulted in a gain of approximately $3.4 million at the joint venture level of which the Company’s
share of the gain was approximately $0.3 million. As a result of this transaction, the Company recognized a gain of
approximately $0.3 million related to a change in control and remeasuring the Company’s 10% noncontrolling equity
interest to fair value, the Company now consolidates this entity.
During 2009, a joint venture in which the Company had a noncontrolling interest refinanced approximately
$13.2 million in mortgage debt encumbering one property, which bore interest at a rate of 4.00% and matured during
2009, with $13.6 million in mortgage debt which bears interest at a rate of LIBOR plus 350 basis points and is scheduled
to mature in 2012.
Also during 2009, a joint venture in which the Company has a 50% noncontrolling ownership interest obtained a
new three-year $53.0 million loan which bears interest at a rate of 7.85%. Proceeds from this mortgage and an additional
$15.0 million capital contribution from the partners were used to repay $68.0 million in mortgage debt, which was
scheduled to mature in 2009 and bore interest at a rate of LIBOR plus 1.16%. This mortgage is jointly and severally
guaranteed by the Company and the other 50% noncontrolling ownership interest holder. As of December 31, 2009, the
outstanding balance on this loan was $52.8 million.
Additionally during 2009, a joint venture in which the Company has a 30% noncontrolling ownership interest
obtained a new $59.0 million three-year mortgage loan, which bears interest at a rate of LIBOR plus 350 basis points. The
Company and the holder of the remaining 70% ownership interest guarantee, jointly and severally, up to $10.0 million of
this mortgage. As of December 31, 2009, the outstanding balance on this loan was $59.0 million.
During June 2009, the Company recognized non-cash impairment charges of approximately $12.2 million, against
the carrying value of its investments in six joint ventures, reflecting an other-than-temporary decline in the fair value
of these investments resulting from a further decline in the real estate markets. Estimated fair values were based upon
discounted cash flow models that include all estimated cash inflows and outflows over a specified holding period and
where applicable, any estimated fair value debt premiums. Capitalization rates, discount rates and credit spreads utilized
in these models were based upon rates that the Company believes to be within a reasonable range of current market rates
for the respective properties.
During 2008, the Company acquired nine operating properties, one leasehold interest and two land parcels through
joint ventures in which the Company has noncontrolling interests for an aggregate purchase price of approximately $62.2
million including the assumption of approximately $20.6 million of non-recourse mortgage debt encumbering two of the
properties. The Company accounts for its investment in these joint ventures under the equity method of accounting. The
Company’s aggregate investment resulting from these transactions was approximately $32.3 million. Details of these
transactions are as follows (in thousands):
Location
Property Name
InTown Suites (2 extended stay residential
Houston, TX
properties, 299 units) . . . . . . . . . . . . . .
American Industries (land parcel) . . . . . . .
Chihuahua, Mexico
American Industries . . . . . . . . . . . . . . . . . . Monterrey, Mexico
Little Ferry(leasehold interest) . . . . . . . . . .
Tacoma Plaza . . . . . . . . . . . . . . . . . . . . . . .
American Industries (land parcel) . . . . . . .
River Point Shopping Center . . . . . . . . . . .
Patio-Portfolio II (4 properties) . . . . . . . . .
Total Acquisitions . . . . . . . . . . . . . . . . . . . .
LittleFerry, NJ
Dartmouth, Canada
SanLuisPotosi, Mexico
BritishColumbia, Canada
Santiago, Chile
115
Month
Acquired
Feb-08
Feb-08
Apr-08
June-08
Sept-08
Sept-08
Nov-08
Nov-08
Purchase Price
Cash
Debt
Total
$ 8,750
1,933
8,700
5,000
8,714
224
4,486
3,810
$41,617
$ — $ 8,750
1,933
8,700
5,000
17,740
224
16,092
3,810
$62,249
—
—
—
9,026
—
11,606
—
$20,632
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
In addition, during 2008, two joint venture investments in which the Company holds a 50% interest in each obtained
individual non-recourse mortgages totaling $77.0 million. These mortgages have interest rates ranging from 6.38% to
6.47% and maturities ranging from 2018 to 2019. Proceeds from these mortgages were used to retire $36.0 million of
mortgage debt encumbering two properties held by the joint ventures.
The Company’s equity in income for the year ended December 31, 2009, from a joint venture that holds an operating
property in Tustin, CA, in which the Company holds a noncontrolling interest (“Tustin”) exceeded 10% of the Company’s
income from continuing operations), as such the Company is providing summarized financial information for this
investment below (in millions):
Tustin
December 31,
2009
2008
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Members’ Capital:
Mortgages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Members’ (deficit)/capital . . . . . . . . . . . . . . . . . . . . . . . . . . .
$187.2
13.6
$200.8
$206.0
2.8
(8.0)
$200.8
Revenues from rental properties . . . . . . . . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . .
Other (expense)/income, net . . . . . . . . . . . . . . . . . . .
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tustin
December 31,
2008
$ 21.8
(8.0)
(15.3)
(10.6)
4.3
(29.6)
$ (7.8)
2009
$ 22.6
(6.5)
(14.0)
(10.4)
(0.1)
(31.0)
$ (8.4)
$195.8
13.9
$209.7
$206.0
3.3
0.4
$209.7
2007
$ 3.7
(1.8)
(3.6)
(3.3)
4.4
(4.3)
$ (0.6)
Summarized financial information for real estate joint ventures (excluding the seven discussed above, which are
presented separately) is as follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Partners’/Members’ Capital:
Notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . .
Partners’/Members’ capital. . . . . . . . . . . . . . . . . . . . . . . .
December 31,
2009
2008
$ 4,725.2
333.9
$ 5,059.1
$ 4,739.5
267.1
$ 5,006.6
$
88.3
2,862.6
109.0
146.2
1.6
1,851.4
$ 5,059.1
$ 137.1
2,842.2
119.6
149.0
1.0
1,757.7
$ 5,006.6
116
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Revenues from rental property . . . . . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . .
Other expense, net . . . . . . . . . . . . . . . . . . . . . . .
Income from continuing operations . . . . . . . . .
Discontinued Operations:
Income from discontinued operations. . . . . . . .
Gain on dispositions of properties. . . . . . . . . . .
Net income . . . . . . . . . . . . . . . . . . . . . . . . . .
Year Ended December 31,
2008
$ 586.4
(190.7)
(180.4)
(162.4)
(27.0)
(560.5)
25.9
2007
$ 558.3
(184.5)
(174.9)
(144.4)
(14.7)
(518.5)
39.8
2009
$ 588.8
(191.9)
(166.8)
(164.5)
(36.6)
(559.8)
29.0
2.1
7.8
$ 38.9
—
13.4
$ 39.3
0.1
104.9
$ 144.8
Other liabilities included in the Company’s accompanying Consolidated Balance Sheets include accounts with
certain real estate joint ventures totaling approximately $25.5 million and $9.7 million at December 31, 2009 and 2008,
respectively. The Company and its subsidiaries have varying equity interests in these real estate joint ventures, which may
differ from their proportionate share of net income or loss recognized in accordance with GAAP.
The Company’s maximum exposure to losses associated with its unconsolidated joint ventures is primarily limited
to its carrying value in these investments. Generally such investments contain operating properties and the Company has
determined these entities do not contain the characteristics of a VIE. As of December 31, 2009 and 2008, the Company’s
carrying value in these investments approximated $1.1 billion and $1.2 billion, respectively.
9. OTHER REAL ESTATE INVESTMENTS:
Preferred Equity Capital
The Company maintains a Preferred Equity program, which provides capital to developers and owners of real estate
properties. During 2009, the Company provided, in separate transactions, an aggregate of approximately $0.4 million
in investment capital to developers and owners of two real estate properties. During 2008, the Company provided, in
separate transactions, an aggregate of approximately $51.9 million in investment capital to developers and owners of 28
real estate properties. As of December 31, 2009, the Company’s net investment under the Preferred Equity program was
approximately $520.8 million relating to 615 properties, including 402 net lease properties described below. For the years
ended December 31, 2009, 2008 and 2007, the Company earned approximately $30.4 million, including $2.5 million of
profit participation earned from five capital transactions, $66.8 million, including $24.6 million of profit participation
earned from five capital transactions, and $67.1 million, including $30.5 million of profit participation earned from
18 capital transactions, respectively, from its preferred equity investments.
Included in the capital transactions described above for the year ended December 31, 2008, was the sale of the
Company’s preferred equity investment in an operating property to its partner for approximately $29.5 million. The Company
provided seller financing to the partner for approximately CAD $24.0 million (approximately USD $23.5 million), which
bears interest at a rate of 8.5% per annum and has a maturity date of June 2013. The Company evaluated this transaction
pursuant to the provisions of the FASB’s real estate sales guidance and accordingly, recognized profit participation of
approximately $10.8 million.
Two of the capital transactions described above for the year ended December 31, 2007, were the result of the transfer
of two operating properties, in separate transactions, to a joint venture in which the Company holds a 15% noncontrolling
interest for an aggregate price of approximately $40.6 million, including the assumption of approximately $26.6 million
in non-recourse debt. These sales resulted in an aggregate profit participation of approximately $1.4 million.
Also, included in the capital transactions described above for the year ended December 31, 2007, was the transfer of
an operating property to the Company for approximately $4.5 million, including the assumption of $3.1 million in non-
recourse mortgage debt. As a result of the Company’s acquisition of this property, the Company did not recognize any
profit participation.
117
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During 2007, the Company invested approximately $81.7 million of preferred equity capital in an entity which
was comprised of 403 net leased properties which consist of 30 master leased pools with each pool leased to individual
corporate operators (“USRA Venture”). Each master leased pool is accounted for as a direct financing lease. These
properties consist of a diverse array of free-standing restaurants, fast food restaurants, convenience and auto parts stores.
The Company determined that this entity was a VIE, based on the fact that certain non-equity holders have the right to
receive expected residual returns from this entity. The Company also determined that it was not the primary beneficiary
of this VIE based on the fact that the Company is in a preferred position and would not absorb a majority of expected
losses, nor would receive a majority of the entities expected residual returns. As of December 31, 2009, these properties
were encumbered by third party loans aggregating approximately $418.5 million with interest rates ranging from 5.08% to
10.47% with a weighted average interest rate of 9.3% and maturities ranging from two years to 13 years. The Company’s
investment in this VIE as of December 31, 2009 was $102.4 million. The Company has not provided financial support to
the VIE that it was not previously contractually required to provide.
The Company’s equity in income from the USRA Venture for the year ended December 31, 2009, exceeded 10% of
the Company’s income from continuing operations, as such the Company is providing summarized financial information
for the investment as follows (in millions):
Assets:
Investment in direct financing leases, net . . . . . .
$701.1
$668.6
2009
2008
Liabilities and Members’ Capital:
Mortgages payable, including fair market value
of debt of $85 million . . . . . . . . . . . . . . . . . . .
Members’ capital . . . . . . . . . . . . . . . . . . . . . . . . .
$503.5
197.6
$701.1
$521.4
147.2
$668.6
Interest income from direct financing leases . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Impairment (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year Ended December 31,
2008
$ 52.6
(32.9)
—
(0.1)
(33.0)
$ 19.6
2007
$ 25.8
(16.8)
—
(0.1)
(16.9)
$ 8.9
2009
$ 52.6
(31.9)
(20.0)
(0.1)
(52.0)
$ 0.6
(a) Represents impairments on two master lease pools due to decline in fair market value.
During 2009, the Company recognized non-cash impairment charges of $49.2 million, primarily against the carrying
value of 16 preferred equity investments, which hold 29 properties, reflecting an other-than-temporary decline in the fair
value of its investment resulting from a decline in the real estate markets.
The Company’s estimated fair values relating to the impairment assessments above were based upon discounted
cash flow models that include all estimated cash inflows and outflows over a specified holding period and where
applicable, any estimated debt premiums. Capitalization rates, discount rates and credit spreads utilized in these models
were based upon rates that the Company believes to be within a reasonable range of current market rates for the respective
properties.
118
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
The Company’s equity in income from three of its preferred equity investments for the year ended December 31,
2009, exceeded 10% of the Company’s income from continuing operations, as such the Company is providing summarized
financial information for the investments as follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Members’ Capital:
Mortgages payable . . . . . . . . . . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . .
Members’ capital . . . . . . . . . . . . . . . . . . . . . . . . .
MBC(a)
Foothills(b)
December 31,
Delray & JCC(c)
2009
2008
2009
2008
2009
2008
$ — $ 55.6
3.7
$ — $ 59.3
—
$ 93.1
4.6
$ 97.7
$ 95.9
5.5
$101.4
$ 21.3
0.6
$ 21.9
$ 31.2
0.7
31.9
$ — $ 50.7
1.2
7.4
$ — $ 59.3
—
—
$ 81.0
2.3
14.4
$ 97.7
$ 81.0
3.1
17.3
$101.4
$ 25.0
0.9
(4.0)
$ 21.9
$ 25.0
0.3
6.6
$ 31.9
MBC (a)
2009
Revenues from Rental Property . . . . . . . . . $ 6.9
(3.4)
Operating expenses . . . . . . . . . . . . . . . . . .
(2.3)
Interest expense . . . . . . . . . . . . . . . . . . . . .
(2.5)
Depreciation and amortization . . . . . . . . . .
(0.2)
Other, net . . . . . . . . . . . . . . . . . . . . . . . . . .
(8.4)
2007
$ 0.6
(0.3)
(0.6)
(0.1)
—
(1.0)
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (1.5) $ (0.6) $ (1.5) $ (2.3) $ (0.8) $ (1.8) $ (1.4) $ (1.9) $ (0.4)
2009
$ 13.3
(6.0)
(5.0)
(4.6)
—
(15.6)
2008
$ 7.3
(3.0)
(2.7)
(2.3)
0.1
(7.9)
2009
$ 1.4
(0.9)
(1.2)
(0.7)
—
(2.8)
2007
$ 7.8
(3.2)
(2.8)
(3.6)
0.3
(9.3)
2008
$ 1.4
(1.1)
(1.4)
(0.8)
—
(3.3)
Foothills (b)
Year Ended December 31,
2007
2008
$ 13.4
$ 14.0
(6.0)
(5.8)
(5.0)
(5.0)
(4.4)
(4.0)
0.2
—
(15.2)
(14.8)
Delray & JCC (c)
(a) Represents a preferred equity investment which holds three operating properties in Boston, MA. The Company sold
its interest in this preferred equity joint venture during 2009, as such the result from operations are for the period
the investment was held.
(b) Represents a preferred equity investment which holds an operating property in Tucson, AZ.
(c) Represents a preferred equity investment which holds two properties in Delray Beach, FL.
Summarized financial information relating to the Company’s preferred equity investments (excluding the investments
presented separately above) is as follows (in millions):
Assets:
Real estate, net . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Partners’/Members’ Capital:
Notes and mortgages payable. . . . . . . . . . . . . . . .
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . .
Partners’/Members’ capital. . . . . . . . . . . . . . . . . .
December 31,
2009
2008
$ 1,886.5
155.0
$ 2,041.5
$ 1,829.6
112.8
$ 1,942.4
$ 1,511.8
64.8
464.9
$ 2,041.5
$ 1,411.2
60.6
470.6
$ 1,942.4
119
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Revenues from rental property . . . . . . . . . . . . . . . . . .
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation and amortization . . . . . . . . . . . . . . . . . .
Other expense, net . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain on disposition of properties . . . . . . . . . . . . . . . .
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year Ended December 31,
2008
$ 238.0
(90.1)
(78.1)
(56.6)
(1.7)
(226.5)
8.5
$ 20.0
2007
$ 218.7
(77.9)
(82.2)
(52.1)
(1.6)
(213.8)
90.5
$ 95.4
2009
$ 237.7
(86.4)
(72.1)
(59.9)
(9.3)
(227.7)
1.6
$ 11.6
In addition to the net leased portfolio VIE discussed above, the Company’s preferred equity investments include
two additional investments that are VIEs for which the Company is not the primary beneficiary. These joint ventures
were primarily established to develop real estate property for long-term investment. These entities were deemed VIEs
primarily based on the fact that the equity investment at risk was not sufficient to permit the entity to finance its activities
without additional financial support. The initial equity contributed to these entities was not sufficient to fully finance
the real estate construction as development costs are funded by the partners throughout the construction period. The
Company determined that it was not the primary beneficiary of these VIEs based on the fact that the Company is in
a preferred position and would not absorb a majority of expected losses, nor would it receive a majority of the entity’s
expected residual returns.
The Company’s aggregate investment in these VIEs was approximately $3.0 million as of December 31, 2009, which
is included in Other real estate investments in the Company’s Consolidated Balance Sheets. The Company’s maximum
exposure to loss as a result of its involvement with these VIEs is estimated to be $5.5 million, which primarily represents
the Company’s current investment and estimated future funding commitments. One of these entities is encumbered by
third party debt aggregating $0.9 million. The Company has not provided financial support to these VIEs that it was not
previously contractually required to provide. All future costs of development will be funded with capital contributions
from the Company and the outside partners in accordance with their respective ownership percentages.
The Company’s maximum exposure to losses associated with its preferred equity investments is primarily limited to
its invested capital. As of December 31, 2009 and 2008, the Company’s invested capital in its preferred equity investments
approximated $520.8 million and $534.0 million, respectively.
Other
During 2008, the Company sold its 18.7% interest in a real estate company located in Mexico for approximately
$23.2 million resulting in a gain of approximately $7.2 million.
Investment in Retail Store Leases
The Company has interests in various retail store leases relating to the anchor store premises in neighborhood and
community shopping centers. These premises have been sublet to retailers who lease the stores pursuant to net lease
agreements. Income from the investment in these retail store leases during the years ended December 31, 2009, 2008
and 2007, was approximately $0.8 million, $2.7 million and $1.2 million, respectively. These amounts represent sublease
revenues during the years ended December 31, 2009, 2008 and 2007, of approximately $5.2 million, $7.1 million and
$7.7 million, respectively, less related expenses of $4.4 million, $4.4 million and $5.1 million, respectively. The Company’s
future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through
the remaining terms of its retail store leases, assuming no new or renegotiated leases are executed for such premises, for
future years are as follows (in millions): 2010, $6.0 and $3.7; 2011, $4.9 and $3.7; 2012, $3.8 and $2.9; 2013, $3.0 and $2.1;
2014, $1.8 and $1.2 and thereafter, $2.6 and $1.4, respectively.
120
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Leveraged Lease
During June 2002, the Company acquired a 90% equity participation interest in an existing leveraged lease of
30 properties. The properties are leased under a long-term bond-type net lease whose primary term expires in 2016, with the
lessee having certain renewal option rights. The Company’s cash equity investment was approximately $4.0 million. This
equity investment is reported as a net investment in leveraged lease in accordance with the FASB’s Lease guidance.
From 2002 to 2008, 18 of these properties were sold, whereby the proceeds from the sales were used to pay down
the mortgage debt by approximately $31.2 million.
As of December 31, 2009, the remaining 12 properties were encumbered by third-party non-recourse debt of
approximately $38.4 million that is scheduled to fully amortize during the primary term of the lease from a portion of the
periodic net rents receivable under the net lease.
As an equity participant in the leveraged lease, the Company has no recourse obligation for principal or interest
payments on the debt, which is collateralized by a first mortgage lien on the properties and collateral assignment of the
lease. Accordingly, this obligation has been offset against the related net rental receivable under the lease.
At December 31, 2009 and 2008, the Company’s net investment in the leveraged lease consisted of the following
(in millions):
Remaining net rentals . . . . . . . . . . . . . . . . . . . . . . . . .
Estimated unguaranteed residual value . . . . . . . . . . .
Non-recourse mortgage debt . . . . . . . . . . . . . . . . . . .
Unearned and deferred income . . . . . . . . . . . . . . . . .
Net investment in leveraged lease . . . . . . . . . . . . . . .
2009
$ 44.1
31.7
(34.5)
(37.0)
$ 4.3
2008
$ 53.8
31.7
(38.5)
(43.0)
$ 4.0
10. MORTGAGES AND OTHER FINANCING RECEIVABLES:
The Company has various mortgages and other financing receivables which consist of loans acquired and loans
originated by the Company. For a complete listing of the Company’s mortgages and other financing receivables at
December 31, 2009, see Financial Statement Schedule IV included in this annual report on Form 10-K.
The following table reconciles mortgage loans and other financing receivables from January 1, 2007 to December 31,
2009 (in thousands):
Balance at January 1 . . . . . . . . . . . . . . . . . . . . . . . . . .
2009
$181,992
2008
$153,847
2007
$ 162,669
Additions:
New mortgage loans. . . . . . . . . . . . . . . . . . . . . . .
Additions under existing mortgage loans. . . . . . .
Foreign currency translation. . . . . . . . . . . . . . . . .
Capitalized loan costs. . . . . . . . . . . . . . . . . . . . . .
Amortization of loan discounts . . . . . . . . . . . . . .
8,316
707
6,324
60
247
86,247
8,268
—
605
247
62,362
38,122
—
675
271
Deductions:
Collections of principal . . . . . . . . . . . . . . . . . . . .
Loan foreclosures . . . . . . . . . . . . . . . . . . . . . . . . .
Loan impairments. . . . . . . . . . . . . . . . . . . . . . . . .
Charge off/foreign currency translation . . . . . . . .
Amortization of loan premiums . . . . . . . . . . . . . .
Amortization of loan costs . . . . . . . . . . . . . . . . . .
Balance at December 31 . . . . . . . . . . . . . . . . . . . . . . .
(43,578)
(17,312)
(3,800)
—
(1,024)
(600)
$131,332
(48,633)
—
—
(15,630)
(2,279)
(680)
$181,992
(105,277)
—
—
(1,837)
(2,298)
(840)
$ 153,847
121
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
As noted in the table above, during 2009, the Company recognized non-cash impairment charges of approximately
$3.8 million, against the carrying value of two mortgage loans. Approximately $3.5 million of the $3.8 million of
impairment charges was related to a mortgage receivable that was in default. The Company began foreclosure proceedings
on the underlying property during June 2009 and the process was completed in the fourth quarter 2009. This impairment
charge reflects the decrease in the estimated fair values of the real estate collateral.
11. MARKETABLE SECURITIES:
The amortized cost and estimated fair values of securities available-for-sale and held-to-maturity at December 31,
2009 and 2008, are as follows (in thousands):
December 31, 2009
Gross
Unrealized
Losses
Gross
Unrealized
Gains
Amortized
Cost
Estimated
Fair Value
Available-for-sale:
Equity and debt securities . . . . . . . . . . . . . . . . . .
$ 182,826
$4,896
$ (21,629)
$166,093
Held-to-maturity:
Other debt securities. . . . . . . . . . . . . . . . . . . . . . .
Total marketable securities . . . . . . . . . . . . . . . . . . . . .
43,500
$ 226,326
1,454
$6,350
(7,042)
$ (28,671)
37,912
$204,005
December 31, 2008
Gross
Unrealized
Losses
Gross
Unrealized
Gains
Amortized
Cost
Estimated
Fair Value
Available-for-sale:
Equity and debt securities . . . . . . . . . . . . . . . . . .
$ 220,560
$ 122
$ (60,518)
$160,164
Held-to-maturity:
Other debt securities. . . . . . . . . . . . . . . . . . . . . . .
Total marketable securities . . . . . . . . . . . . . . . . . . . . .
98,010
$ 318,570
2,177
$2,299
(41,565)
$(102,083)
58,622
$218,786
During February 2008, the Company acquired an aggregate $190 million Australian denominated (“AUD”)
(approximately $170.1 million USD) convertible notes issued by a subsidiary of Valad Property Group (“Valad”), a
publicly traded Australian company listed on the Australian stock exchange that is a diversified, property fund manager,
investor, developer and property investment banker with property investments in Australia, Europe and Asia. The notes
are guaranteed by Valad and bear interest at 9.5% payable semi-annually in arrears. The notes are repayable after five
years with an option for Valad to extend up to 18 months, subject to certain interest rate and conversion price resets. The
notes are convertible any time into publicly traded Valad securities at a price of AUD$1.33.
In accordance with the FASB’s Derivative and Hedging guidance, the Company has bifurcated the conversion
option within the Valad convertible notes and has separately accounted for this option as an embedded derivative. The
original host instrument is classified as an available-for-sale security at fair value and is included in Marketable securities
on the Company’s Consolidated Balance Sheets with changes in the fair value recorded through Stockholders’ equity
as a component of other comprehensive income. At December 31, 2009 and 2008, the Company had an unrealized loss
associated with these notes of approximately $21.6 million and $46.0 million, respectively. Interest payments on the notes
are current and all amounts due in accordance with contractual terms are considered probable by the Company. The
Company has the intent and ability to hold the notes to recover its investment, which may be to its maturity and therefore,
does not believe that the decline in value at December 31, 2009, is other-than-temporary. The embedded derivative is
recorded at fair value and is included in Other assets on the Company’s Consolidated Balance Sheets with changes in
fair value recognized in the Company’s Consolidated Statements of Operations. The value attributed to the embedded
convertible option was approximately AUD $14.3 million, (approximately USD $13.8 million). As a result of the fair
value remeasurement of this derivative instrument during 2009 and 2008, there was an AUD $1.4 million (approximately
USD $1.6 million) and an AUD $5.5 million (approximately USD $5.9 million), respectively, unrealized increase in
the fair value of the convertible option. This unrealized increase is included in Other expense, net on the Company’s
Consolidated Statements of Operations.
122
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
For marketable debt securities, the Company assesses current interest payments and the probability of the issuer’s
ability to pay all amounts due under contractual terms. Additionally, in accordance with the FASB’s Investments-Debt
and Equity Securities guidance, the Company assesses whether it has the intent to sell the debt security, whether it is more
likely than not that the Company will be required to sell the debt security before its anticipated recovery (for example,
if its cash or working capital requirements or contractual or regulatory obligations indicate that the debt security will
be required to be sold before the Company forecasted recovery occurs) and whether it does not expect to recover the
security’s entire amortized cost basis even if the entity does not intend to sell.
During 2009, 2008 and 2007, the Company recorded non-cash impairment charges of approximately $26.1 million,
$118.4 million and $5.3 million, respectively, before income tax benefits of approximately $0 million, $25.7 million and
$2.1 million, respectively, due to the decline in value of certain marketable equity and other investments that were deemed
to be other-than-temporary. These impairments were a result of the deterioration of the equity markets for these securities
during 2009, 2008 and 2007 and the uncertainty of their future recoverability. Market value for these equity securities
represents the closing price of each security as it appears on their respective stock exchange at the end of the period.
Details of these impairment charges are as follows (in millions):
Valad . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Six Flags, including bonds . . . . . . . . . . . . . . . . . . . . .
Innvest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Plazacorp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cost method investments . . . . . . . . . . . . . . . . . . . . . .
Sears . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Lexington . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Winthrop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Capital & Regional . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
For the year ended
December 31,
2008
2009
$ — $ 45.5
—
24.2
—
17.7
8.8
7.5
5.4
—
9.3
$118.4
7.7
—
5.3
3.0
—
—
—
3.7
6.4
$26.1
2007
$ —
—
—
—
—
—
—
—
—
5.3
$ 5.3
At December 31, 2009, the Company’s investment in marketable securities was approximately $209.6 million which
includes an aggregate unrealized loss of approximately $21.6 million relating to the Valad marketable debt securities.
At December 31, 2009 there were no unrealized losses relating to marketable equity securities. The Company does not
believe that the declines in value of any of its remaining securities with unrealized losses are other-than-temporary at
December 31, 2009.
For each of the equity securities in the Company’s portfolio with unrealized losses, the Company reviews the
underlying cause of the decline in value and the estimated recovery period, as well as the severity and duration of
the decline. In the Company’s evaluation, the Company considers its ability and intent to hold these investments for a
reasonable period of time sufficient for the Company to recover its cost basis.
During 2009, the Company received approximately $79.8 million in proceeds from the sale of certain marketable
securities. The Company recognized gross realizable gains of approximately $8.5 million and gross realizable losses of
approximately $2.6 million from sales of marketable securities during 2009.
During 2008, the Company received approximately $50.3 million in proceeds from the sale of certain marketable
securities. The Company recognized gross realizable gains of approximately $15.9 million and gross realizable losses of
approximately $1.9 million from its marketable securities during 2008.
During 2007, the Company received approximately $32.7 million in proceeds from the sale of certain marketable
securities. The Company recognized gross realizable gains of approximately $11.5 million from sales of marketable
securities during 2007.
123
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
As of December 31, 2009, the contractual maturities of Other debt securities classified as held-to-maturity are as
follows: within one year, $ 1.1 million; after one year through five years, $16.2 million; after five years through 10 years,
$ 11.3 million; and after 10 years, $ 14.9 million. Actual maturities may differ from contractual maturities as issuers may
have the right to prepay debt obligations with or without prepayment penalties.
12. NOTES PAYABLE:
Medium Term Notes
The Company has implemented a medium-term notes (“MTN”) program pursuant to which it may, from time to
time, offer for sale its senior unsecured debt for any general corporate purposes, including (i) funding specific liquidity
requirements in its business, including property acquisitions, development and redevelopment costs and (ii) managing
the Company’s debt maturities.
During the year ended December 31, 2009, the Company repaid (i) its $20.0 million 7.56% Medium Term Note,
which matured in May 2009 and (ii) its $25.0 million 7.06% Medium Term Note, which matured in July 2009.
During the year ended December 31, 2008, the Company repaid its $100.0 million 3.95% Medium Term Notes,
which matured on August 5, 2008 and its $25.0 million 7.2% Senior Notes, which matured on September 15, 2008.
Additionally during 2009, the Company repurchased in aggregate approximately $36.1 million in face value of its
Medium Term Notes and Fixed Rate Bonds for an aggregate discounted purchase price of approximately $33.7 million.
These transactions resulted in an aggregate gain of approximately $2.4 million.
As of December 31, 2009, a total principal amount of approximately $1.1 billion in senior fixed-rate MTNs was
outstanding. These fixed-rate notes had maturities ranging from five months to six years as of December 31, 2009,
and bear interest at rates ranging from 4.62% to 5.98%. Interest on these fixed-rate senior unsecured notes is payable
semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of neighborhood and
community shopping centers, the expansion and improvement of properties in the Company’s portfolio and the repayment
of certain debt obligations of the Company.
As of December 31, 2008, a total principal amount of approximately $1.2 billion in senior fixed-rate MTNs was
outstanding. These fixed-rate notes had maturities ranging from five months to seven years as of December 31, 2009,
and bear interest at rates ranging from 4.62% to 7.56%. Interest on these fixed-rate senior unsecured notes is payable
semi-annually in arrears. Proceeds from these issuances were primarily used for the acquisition of neighborhood and
community shopping centers, the expansion and improvement of properties in the Company’s portfolio and the repayment
of certain debt obligations of the Company.
Senior Unsecured Notes
During September 2009, the Company issued $300.0 million of 10-year Senior Unsecured Notes at an interest
rate of 6.875% payable semi-annually in arrears. These notes were sold at 99.84% of par value. Net proceeds from the
issuance were approximately $297.3 million, after related transaction costs of approximately $0.3 million. The proceeds
from this issuance were primarily used to repay the Company’s $220.0 million unsecured term loan described below. The
remaining proceeds were used to repay certain construction loans that were scheduled to mature in 2010.
During 2009, the Company repaid its $130.0 million 6.875% senior notes, which matured on February 10, 2009.
As of December 31, 2009, the Company had a total principal amount of approximately $1.3 billion in fixed-rate
unsecured senior notes. These fixed-rate notes had maturities ranging from nine months to nine years as of December
31, 2009, and bear interest at rates ranging from 4.70% to 7.95%. Interest on these fixed-rate senior unsecured notes is
payable semi-annually in arrears.
As of December 31, 2008, the Company had a total principal amount of approximately $1.2 billion in fixed-rate
unsecured senior notes. These fixed-rate notes had maturities ranging from one month to eight years as of December
31, 2008, and bear interest at rates ranging from 4.70% to 7.95%. Interest on these fixed-rate senior unsecured notes is
payable semi-annually in arrears.
124
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
The scheduled maturities of all unsecured notes payable as of December 31, 2009, were approximately as follows (in
millions): 2010, $223.7; 2011, $481.7; 2012, $215.9; 2013, $542.8; 2014, $295.3; and thereafter, $1,240.9.
During September 2009, the Company entered into a fifth supplemental indenture, under the indenture governing
its Medium Term Notes and Senior Notes, which included the financial covenants for future offerings under this indenture
that were removed by the fourth supplemental indenture.
In accordance with the terms of the Indenture, as amended, pursuant to which the Company’s Senior Unsecured
Notes, except for the $300.0 million issued during April 2007 under the fourth supplemental indenture, have been issued,
the Company is subject to maintaining (a) certain maximum leverage ratios on both unsecured senior corporate and
secured debt, minimum debt service coverage ratios and minimum equity levels, (b) certain debt service ratios, (c) certain
asset to debt ratios and (d) restricted from paying dividends in amounts that exceed by more than $26.0 million the funds
from operations, as defined, generated through the end of the calendar quarter most recently completed prior to the
declaration of such dividend; however, this dividend limitation does not apply to any distributions necessary to maintain
the Company’s qualification as a REIT providing the Company is in compliance with its total leverage limitations.
During April 2009, the Company obtained a two-year $220.0 million unsecured term loan with a consortium of
banks, which accrued interest at a spread of 4.65% to LIBOR (subject to a 2% LIBOR floor) or at the Company’s option,
at a spread of 3.65% to the “ABR,” as defined in the Credit Agreement. The term loan was scheduled to mature in
April 2011. The Company utilized proceeds from this term loan to partially repay the outstanding balance under the
Company’s U.S. revolving credit facility and for general corporate purposes. During September 2009, the Company fully
repaid the $220.0 million outstanding balance and terminated this loan.
Credit Facilities
During October 2007, the Company established a new $1.5 billion unsecured U.S. revolving credit facility (the
“U.S. Credit Facility”) with a group of banks, which is scheduled to expire in October 2011. The Company has a one-
year extension option related to this facility. This credit facility has made available funds to finance general corporate
purposes, including (i) property acquisitions, (ii) investments in the Company’s institutional management programs,
(iii) development and redevelopment costs, and (iv) any short-term working capital requirements. Interest on borrowings
under the U.S. Credit Facility accrues at LIBOR plus 0.425% and fluctuates in accordance with changes in the Company’s
senior debt ratings. As part of this U.S. Credit Facility, the Company has a competitive bid option whereby the Company
may auction up to $750.0 million of its requested borrowings to the bank group. This competitive bid option provides the
Company the opportunity to obtain pricing below the currently stated spread. A facility fee of 0.15% per annum is payable
quarterly in arrears. As part of the U.S. Credit Facility, the Company has a $200.0 million sub-limit which provides it
the opportunity to borrow in alternative currencies such as Pounds Sterling, Japanese Yen or Euros. Pursuant to the
terms of the U.S. Credit Facility, the Company, among other things, is subject to covenants requiring the maintenance of
(i) maximum leverage ratios on both unsecured and secured debt, and (ii) minimum interest and fixed coverage ratios.
As of December 31, 2009, there was $139.5 million outstanding and $22.5 million appropriated letters of credit under this
credit facility.
The Company also has a three-year CAD $250.0 million unsecured credit facility with a group of banks. This
facility bears interest at a rate of CDOR plus 0.425%, subject to change in accordance with the Company’s senior debt
ratings and is scheduled to mature March 2011 with an additional one year extension option. A facility fee of 0.15% per
annum is payable quarterly in arrears. This facility also permits U.S. dollar denominated borrowings. Proceeds from
this facility are used for general corporate purposes, including the funding of Canadian denominated investments. As of
December 31, 2009, there was no outstanding balance under this credit facility. There are approximately CAD $67.4 million
(approximately USD $64.0 million) appropriated for letters of credit under this credit facility at December 31, 2009 (see
Note 21, Commitments and Contingencies). The Canadian facility covenants are the same as the U.S. Credit Facility
covenants described above.
During March 2008, the Company obtained a MXP 1.0 billion term loan, which bears interest at a rate of 8.58%,
subject to change in accordance with the Company’s senior debt ratings, and is scheduled to mature in March 2013. The
Company utilized proceeds from this term loan to fully repay the outstanding balance of a MXP 500.0 million unsecured
125
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
revolving credit facility, which had been terminated by the Company. Remaining proceeds from this term loan were used
for funding MXP denominated investments. As of December 31, 2009, the outstanding balance on this term loan was
MXP 1.0 billion (approximately USD $76.6 million).
13. MORTGAGES PAYABLE:
During 2009, the Company (i) obtained 21 new non-recourse mortgages aggregating approximately $400.2 million,
which bear interest at rates ranging from 5.95% to 8.00% and have maturities ranging from five months to six years
(ii) assumed approximately $579.2 million of individual non-recourse mortgage debt relating to the acquisition of
22 operating properties, including approximately $1.6 million of fair value debt adjustments and (iii) paid off approximately
$437.7 million of individual non-recourse mortgage debt that encumbered 24 operating properties.
During 2008, the Company (i) obtained an aggregate of approximately $16.7 million of non-recourse mortgage
debt on three operating properties, (ii) assumed approximately $101.1 million of individual non-recourse mortgage debt
relating to the acquisition of five operating properties, including approximately $0.8 million of fair value debt adjustments
and (iii) paid off approximately $73.4 million of individual non-recourse mortgage debt that encumbered 11 operating
properties.
Mortgages payable, collateralized by certain shopping center properties and related tenants’ leases, are generally
due in monthly installments of principal and/or interest which mature at various dates through 2031. Interest rates range
from LIBOR plus 1.40% (1.65% at December 31, 2009) to 10.50% (weighted-average interest rate of 5.99% as of December
31, 2009). The scheduled principal payments of all mortgages payable, excluding unamortized fair value debt adjustments
of approximately $3.0 million, as of December 31, 2009, were approximately as follows (in millions): 2010, $152.7; 2011,
$77.6; 2012, $241.0; 2013, $192.8; 2014, $249.4; and thereafter, $471.8.
14. CONSTRUCTION LOANS PAYABLE:
During 2009, the Company fully repaid nine construction loans aggregating approximately $212.2 million. As of
December 31, 2009, total loan commitments on the Company’s four remaining construction loans aggregated approximately
$69.7 million of which approximately $45.8 million has been funded. These loans have scheduled maturities ranging from
11 months to 56 months (excluding any extension options which may be available to the Company) and bear interest at
rates ranging from 2.13% to 4.50% at December 31, 2009. These construction loans are collateralized by the respective
projects and associated tenants’ leases. The scheduled maturities of all construction loans payable as of December 31,
2009, were approximately as follows (in millions): 2010, $3.4; 2011, $26.8; 2012, $13.6; 2013, $0 and 2014, $2.0.
During 2008, the Company obtained construction financing on three merchant building projects with total loan
commitment amounts up to $35.4 million, of which $8.7 million was outstanding as of December 31, 2008. As of December
31, 2008, total loan commitments on the Company’s 16 outstanding construction loans aggregated approximately
$364.2 million of which approximately $268.3 million has been funded. These loans have scheduled maturities ranging
from two months to 42 months (excluding any extension options which may be available to the Company) and bear
interest at rates ranging from 1.81% to 3.19% at December 31, 2008. These construction loans are collateralized by the
respective projects and associated tenants’ leases.
15. NONCONTROLLING INTERESTS:
Noncontrolling interests represent the portion of equity that the Company does not own in those entities it
consolidates as a result of having a controlling interest or determined that the Company was the primary beneficiary of a
VIE in accordance with the provisions of the FASB’s Consolidation guidance.
The Company accounts and reports for noncontrolling interests in accordance with the Consolidation guidance
issued by the FASB. The Company identifies its noncontrolling interests separately within the equity section on the
Company’s Consolidated Balance Sheets. Redeemable units are classified as Redeemable noncontrolling interests
and presented between Total liabilities and Stockholder’s equity on the Company’s Consolidated Balance Sheets. The
amounts of consolidated net income attributable to the Company and to the noncontrolling interests are presented on the
Company’s Consolidated Statements of Operations.
126
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During 2006, the Company acquired seven shopping center properties located throughout Puerto Rico. The properties
were acquired through the issuance of approximately $158.6 million of non-convertible units, approximately $45.8 million
of convertible units, the assumption of approximately $131.2 million of non-recourse debt and $116.3 million in cash.
Noncontrolling interests related to these acquisitions was approximately $233.0 million of units, including premiums
of approximately $13.5 million and a fair market value adjustment of approximately $15.1 million (the “Units”). The
Company is restricted from disposing of these assets, other than through a tax free transaction until November 2015.
The Units consisted of (i) approximately 81.8 million Preferred A Units par value $1.00 per unit, which pay the
holder a return of 7.0% per annum on the Preferred A Par Value and are redeemable for cash by the holder at any time after
one year or callable by the Company any time after six months and contain a promote feature based upon an increase in
net operating income of the properties capped at a 10.0% increase, (ii) 2,000 Class A Preferred Units, par value $10,000
per unit, which pay the holder a return equal to LIBOR plus 2.0% per annum on the Class A Preferred Par Value and
are redeemable for cash by the holder at any time after November 30, 2010, (iii) 2,627 Class B-1 Preferred Units, par
value $10,000 per unit, which pay the holder a return equal to 7.0% per annum on the Class B-1 Preferred Par Value and
are redeemable by the holder at any time after November 30, 2010, for cash or at the Company’s option, shares of the
Company’s common stock, equal to the Cash Redemption Amount, as defined, (iv) 5,673 Class B-2 Preferred Units, par
value $10,000 per unit, which pay the holder a return equal to 7.0% per annum on the Class B-2 Preferred par value and
are redeemable for cash by the holder at any time after November 30, 2010, and (v) 640,001 Class C DownReit Units,
valued at an issuance price of $30.52 per unit which pay the holder a return at a rate equal to the Company’s common
stock dividend and are redeemable by the holder at any time after November 30, 2010, for cash or at the Company’s option,
shares of the Company’s common stock equal to the Class C Cash Amount, as defined.
The following units have been redeemed as of December 31, 2009:
Type
Preferred A Units . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Class A Preferred Units . . . . . . . . . . . . . . . . . . . . . . .
Class B-1 Preferred Units . . . . . . . . . . . . . . . . . . . . . .
Units
Redeemed
2.2 million
2,000
2,438
Par Value
Redeemed
(in millions)
$ 2.2
$20.0
$24.4
Class B-2 Preferred Units . . . . . . . . . . . . . . . . . . . . . .
Class C DownReit Units . . . . . . . . . . . . . . . . . . . . . . .
5,057
61,804
$50.6
$ 1.9
Redemption Type
Cash
Cash
Cash
Cash/Charitable
Contribution
Cash
Noncontrolling interest relating to these units was $113.1 million and $129.8 million as of December 31, 2009 and
2008, respectively.
During 2006, the Company acquired two shopping center properties located in Bay Shore and Centereach, NY.
Included in Noncontrolling interests was approximately $41.6 million, including a discount of $0.3 million and a fair
market value adjustment of $3.8 million, in redeemable units (the “Redeemable Units”), issued by the Company in
connection with these transactions. The properties were acquired through the issuance of $24.2 million of Redeemable
Units, which are redeemable at the option of the holder; approximately $14.0 million of fixed rate Redeemable Units and
the assumption of approximately $23.4 million of non-recourse debt. The Redeemable Units consist of (i) 13,963 Class
A Units, par value $1,000 per unit, which pay the holder a return of 5% per annum of the Class A par value and are
redeemable for cash by the holder at any time after April 3, 2011, or callable by the Company any time after April 3, 2016,
and (ii) 647,758 Class B Units, valued at an issuance price of $37.24 per unit, which pay the holder a return at a rate equal
to the Company’s common stock dividend and are redeemable by the holder at any time after April 3, 2007, for cash or at
the option of the Company for Common Stock at a ratio of 1:1, or callable by the Company any time after April 3, 2026.
The Company is restricted from disposing of these assets, other than through a tax free transaction, until April 2016 and
April 2026 for the Centereach, NY, and Bay Shore, NY, assets, respectively.
During 2007, 30,000 units, or $1.1 million par value, of the Class B Units were redeemed by the holder in cash
at the option of the Company. Noncontrolling interest relating to the units was $40.3 million and $40.5 million as of
December 31, 2009 and 2008, respectively.
127
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Noncontrolling interests also includes 138,015 convertible units issued during 2006, by the Company, which are
valued at approximately $5.3 million, including a fair market value adjustment of $0.3 million, related to an interest
acquired in an office building located in Albany, NY. These units are redeemable at the option of the holder after one
year for cash or at the option of the Company for the Company’s common stock at a ratio of 1:1. The holder is entitled to
a distribution equal to the dividend rate of the Company’s common stock. The Company is restricted from disposing of
these assets, other than through a tax free transaction, until January 2017.
The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the
year ended December 31, 2009 and December 31, 2008 (amounts in thousands):
Balance at January 1, . . . . . . . . . . . . . . . . . . . . . . . . .
Unit redemptions . . . . . . . . . . . . . . . . . . . . . . . . . .
Fair market value amortization . . . . . . . . . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Balance at December 31, . . . . . . . . . . . . . . . . . . . . . .
2009
$115,853
(14,889)
(571)
(89)
$100,304
2008
$173,592
(55,110)
(2,524)
(105)
$115,853
16. FAIR VALUE DISCLOSURE OF FINANCIAL INSTRUMENTS:
All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at
amounts which, in management’s estimation based upon an interpretation of available market information and valuation
methodologies, reasonably approximate their fair values except those listed below, for which fair values are reflected. The
valuation method used to estimate fair value for fixed-rate and variable-rate debt and noncontrolling interests relating
to mandatorily redeemable noncontrolling interests associated with finite-lived subsidiaries of the Company is based
on discounted cash flow analyses, with assumptions that include credit spreads, loan amounts and debt maturities. The
fair values for marketable securities are based on published or securities dealers’ estimated market values. Such fair
value estimates are not necessarily indicative of the amounts that would be realized upon disposition. The following are
financial instruments for which the Company’s estimate of fair value differs from the carrying amounts (in thousands):
Marketable Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mortgages Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Construction Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mandatorily Redeemable Noncontrolling Interests
December 31,
2009
2008
Carrying
Amounts
$ 209,593
$ 3,000,303
$ 1,388,259
45,821
$
Estimated
Fair Value
$
204,006
$ 3,099,139
$ 1,377,224
44,725
$
Carrying
Amounts
$ 258,174
$ 3,440,819
$ 847,491
$ 268,337
Estimated
Fair Value
$ 218,786
$ 2,766,187
$ 838,503
$ 262,485
(termination dates ranging from 2019 – 2027) . . . . . . . . . . .
$
2,768
$
5,256
$
2,895
$
5,444
The Company has certain financial instruments that must be measured under the FASB’s Fair Value Measurements
and Disclosures guidance, including: available for sale securities, convertible notes and derivatives. The Company
currently does not have non-financial assets and non-financial liabilities that are required to be measured at fair value on
a recurring basis.
As a basis for considering market participant assumptions in fair value measurements, the FASB’s Fair Value
Measurements and Disclosures guidance establishes a fair value hierarchy that distinguishes between market participant
assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are
classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant
assumptions (unobservable inputs classified within Level 3 of the hierarchy).
128
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
In instances where the determination of the fair value measurement is based on inputs from different levels of the
fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on
the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the
significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors
specific to the asset or liability.
Available for sale securities are measured at fair value using quoted market prices and are classified within Level 1
of the valuation hierarchy.
The Company has an investment in convertible notes for which it separately accounts for the conversion option
as an embedded derivative. The convertible notes and conversion option are measured at fair value using widely
accepted valuation techniques including pricing models. These models reflect the contractual terms of the convertible
notes, including the term to maturity, and uses observable market-based inputs, including interest rate curves, implied
volatilities, stock price, dividend yields and foreign exchange rates. Based on these inputs the Company has determined
that its convertible notes and conversion option valuations are classified within Level 2 of the fair value hierarchy.
The Company uses interest rate swaps to manage its interest rate risk. The fair values of interest rate swaps are
determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments)
and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on
an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Based on
these inputs the Company has determined that its interest rate swap valuations are classified within Level 2 of the fair
value hierarchy.
To comply with the FASB’s Fair Value Measurements and Disclosures guidance, the Company incorporates
credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s
nonperformance risk in the fair value measurements. The credit valuation adjustments associated with its derivatives
utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its
counterparties. However, as of December 31, 2009, the Company has assessed the significance of the impact of the credit
valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation
adjustments are not significant to the overall valuation of its derivatives.
The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of
December 31, 2009 and 2008, aggregated by the level in the fair value hierarchy within which those measurements fall.
Assets and liabilities measured at fair value on a recurring basis at December 31, 2009 and 2008 (in thousands):
Balance at
December 31,
2009
Level 1
Level 2
Level 3
Assets:
Marketable equity securities. . . . . . . . . . . . . . . . . . . . . . . .
Convertible notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Conversion option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 25,812
$140,281
9,095
$
Liabilities:
$
$25,812
$ — $ 140,281
9,095
$ — $
— $—
$—
$—
Interest rate swaps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
150
$ — $
150
$—
Balance at
December 31,
2008
Level 1
Level 2
Level 3
Assets:
Marketable equity securities. . . . . . . . . . . . . . . . . . . . . . . .
Convertible notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Conversion option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 46,452
$113,713
6,063
$
Liabilities:
$
$46,452
$ — $113,713
6,063
$ — $
— $—
$—
$—
Interest rate swaps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
734
$ — $
734
$—
129
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2009 are as follows (in thousands):
Balance at
December 31,
2009
Level 1
Level 2
Level 3
Assets:
Investments and advances in real estate joint ventures . . . . .
Real estate under development/redevelopment . . . . . . . . . . .
Other real estate investments . . . . . . . . . . . . . . . . . . . . . . . . .
$177,037
$ 89,939
$ 43,383
$—
$—
$—
$— $177,037
$— $ 89,939
$— $ 43,383
During 2009, the Company recognized non-cash impairment charges of approximately $145.0 million relating to
investments in real estate joint ventures, real estate under development, and other real estate investments.
During 2008, the Company recognized non-recurring non-cash impairment charges of $15.5 million against the
carrying value of its investment in its unconsolidated joint ventures with PREI, KimPru, reflecting an other-than-
temporary decline in the fair value of its investment resulting from further significant declines in the real estate markets
during 2008.
The Company’s estimated fair values relating to these impairment assessments were based upon discounted cash
flow models that included all estimated cash inflows and outflows over a specified holding period and where applicable,
any estimated debt premiums. These cash flows are comprised of unobservable inputs which include contractual rental
revenues and forecasted rental revenues and expenses based upon market conditions and expectations for growth.
Capitalization rates and discount rates utilized in these models were based upon observable rates that the Company
believes to be within a reasonable range of current market rates for the respective properties. Based on these inputs the
Company determined that its valuation in these investments were classified within Level 3 of the fair value hierarchy.
17. FINANCIAL INSTRUMENTS - DERIVATIVES AND HEDGING:
The Company is exposed to certain risk arising from both its business operations and economic conditions. The
Company principally manages its exposures to a wide variety of business and operational risk through management of its
core business activities. The company manages economic risks, including interest rate, liquidity, and credit risk primarily
by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments.
Specifically, the Company may use derivatives to manage exposures that arise from changes in interest rates, foreign
currency exchange rate fluctuations and market value fluctuations of equity securities. The Company limits these risks
by following established risk management policies and procedures including the use of derivatives.
Cash Flow Hedges of Interest Rate Risk
The Company, from time to time, hedges the future cash flows of its floating-rate debt instruments to reduce
exposure to interest rate risk principally through interest rate swaps and interest rate caps with major financial institutions.
The effective portion of the changes in fair value of derivatives designated and that qualify as cash flow hedges is recorded
in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged
forecasted transaction affects earnings. Any ineffective portion of the change in fair value of the derivatives is recognized
directly in earnings. During the year ended December 31, 2009, the Company had no hedge ineffectiveness.
Amounts reported in accumulated other comprehensive income related to cash flow hedges will be reclassified to
interest expense as interest payments are made on the Company’s variable-rate debt. During 2010, the Company estimates
that an additional $0.4 million will be reclassified as an increase to interest expense.
130
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
As of December 31, 2009, the Company had the following outstanding interest rate derivatives that were designated
as cash flow hedges of interest rate risk:
Interest Rate Derivates
Number of
Instruments
Interest Rate Caps . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest Rate Swaps . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2
Notional
$83.1 million
$23.6 million
The fair value of these derivative financial instruments classified as asset derivatives was $0.4 million and $0 for
December 31, 2009 and 2008, respectively. The fair value of these derivative financial instruments classified as liability
derivatives was $(0.5) million and $(0.8) million for December 31, 2009 and 2008, respectively.
Credit-risk-related Contingent Features
The Company has agreements with one of its derivative counterparties that contain a provision where if the Company
defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the
lender, then the Company could also be declared in default on its derivative obligations.
The Company has an agreement with a derivative counterparty that incorporates the loan covenant provisions
of the Company’s indebtedness with a lender affiliate of the derivative counterparty. Failure to comply with the loan
covenant provisions would result in the Company being in default on any derivative instrument obligations covered by
the agreement.
18. PREFERRED STOCK, COMMON STOCK AND CONVERTIBLE UNIT TRANSACTIONS:
During December 2009, the Company completed a primary public stock offering of 28,750,000 shares of the
Company’s common stock. The net proceeds from this sale of common stock, totaling approximately $345.1 million
(after related transaction costs of $0.75 million) were used to partially repay the outstanding balance under the Company’s
U.S. revolving credit facility.
During April 2009, the Company completed a primary public stock offering of 105,225,000 shares of the Company’s
common stock. The net proceeds from this sale of common stock, totaling approximately $717.3 million (after related
transaction costs of $0.7 million) were used to partially repay the outstanding balance under the Company’s U.S. revolving
credit facility and for general corporate purposes.
During September 2008, the Company completed a primary public stock offering of 11,500,000 shares of the
Company’s common stock. The net proceeds from this sale of common stock, totaling approximately $409.4 million
(after related transaction costs of $0.6 million) were used to partially repay the outstanding balance under the Company’s
U.S. revolving credit facility.
During October 2007, the Company issued 18,400,000 Depositary Shares (the “Class G Depositary Shares”), after
the exercise of an over-allotment option, each representing a one-hundredth fractional interest in a share of the Company’s
7.75% Class G Cumulative Redeemable Preferred Stock, par value $1.00 per share (the “Class G Preferred Stock”).
Dividends on the Class G Depositary Shares are cumulative and payable quarterly in arrears at the rate of 7.75% per
annum based on the $25.00 per share initial offering price, or $1.9375 per annum. The Class G Depositary Shares are
redeemable, in whole or part, for cash on or after October 10, 2012, at the option of the Company, at a redemption price
of $25.00 per depositary share, plus any accrued and unpaid dividends thereon. The Class G Depositary Shares are not
convertible or exchangeable for any other property or securities of the Company. The Class G Preferred Stock (represented
by the Class G Depositary Shares outstanding) ranks pari passu with the Company’s Class F Preferred Stock as to voting
rights, priority for receiving dividends and liquidation preference as set forth below.
During June 2003, the Company issued 7,000,000 Depositary Shares (the “Class F Depositary Shares”), each
such Class F Depositary Share representing a one-tenth fractional interest of a share of the Company’s 6.65% Class F
Cumulative Redeemable Preferred Stock, par value $1.00 per share (the “Class F Preferred Stock”). Dividends on the
Class F Depositary Shares are cumulative and payable quarterly in arrears at the rate of 6.65% per annum based on the
131
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
$25.00 per share initial offering price, or $1.6625 per annum. The Class F Depositary Shares are redeemable, in whole
or part, for cash on or after June 5, 2008, at the option of the Company, at a redemption price of $25.00 per Depositary
Share, plus any accrued and unpaid dividends thereon. The Class F Depositary Shares are not convertible or exchangeable
for any other property or securities of the Company. The Class F Preferred Stock (represented by the Class F Depositary
Shares outstanding) ranks pari passu with the Company’s Class F Preferred Stock as to voting rights, priority for receiving
dividends and liquidation preference as set forth below.
Voting Rights
As to any matter on which the Class F Preferred Stock may vote, including any action by written consent, each share
of Class F Preferred Stock shall be entitled to 10 votes, each of which 10 votes may be directed separately by the holder
thereof. With respect to each share of Preferred Stock, the holder thereof may designate up to 10 proxies, with each such
proxy having the right to vote a whole number of votes (totaling 10 votes per share of Class F Preferred Stock). As a result,
each Class F Depositary Share is entitled to one vote.
As to any matter on which the Class G Preferred Stock may vote, including any actions by written consent, each
share of the Class G Preferred Stock shall be entitled to 100 votes, each of which 100 votes may be directed separately
by the holder thereof. With respect to each share of Class G Preferred Stock, the holder thereof may designate up to 100
proxies, with each such proxy having the right to vote a whole number of votes (totaling 100 votes per share of Class G
Preferred Stock). As a result, each Class G Depositary Share is entitled to one vote.
Liquidation Rights
In the event of any liquidation, dissolution or winding up of the affairs of the Company, the Preferred Stock holders
are entitled to be paid, out of the assets of the Company legally available for distribution to its stockholders, a liquidation
preference of $250.00 Class F Preferred per share and $2,500.00 Class G Preferred per share ($25.00 per Class F and
Class G Depositary Share), plus an amount equal to any accrued and unpaid dividends to the date of payment, before any
distribution of assets is made to holders of the Company’s common stock or any other capital stock that ranks junior to
the Preferred Stock as to liquidation rights.
During October 2002, the Company acquired an interest in a shopping center property located in Daly City, CA,
valued at $80.0 million, through the issuance of approximately 4.8 million Convertible Units which are convertible at a
ratio of 1:1 into the Company’s common stock. The unit holder has the right to convert the Convertible Units at any time
after one year. In addition, the Company has the right to mandatorily require a conversion after ten years. If at the time of
conversion the common stock price for the 20 previous trading days is less than $16.785 per share, the unit holder would
be entitled to additional shares; however, the maximum number of additional shares is limited to 503,932 based upon a
floor Common Stock price of $15.180. The Company has the option to settle the conversion in cash. Dividends on the
Convertible Units are paid quarterly at the rate of the Company’s common stock dividend multiplied by 1.1057. During
2008, all of these Convertible Units were redeemed. The Company elected to redeem these Convertible Units, at a ratio of
1:1, for 4.8 million shares of Common Stock, of which 1.0 million shares were valued at $17.26 per share and 3.8 million
shares were valued at $15.02 per share.
During March 2006, the shareholders of Atlantic Realty Trust (“Atlantic Realty”) approved the proposed merger
with the Company and the closing occurred on March 31, 2006. As consideration for this transaction, the Company issued
Atlantic Realty shareholders 1,274,420 shares of Common Stock, excluding 201,930 shares of Common Stock that were
to be received by the Company and 546,580 shares of Common Stock that were to be received by the Company’s wholly
owned TRS, at a price of $40.41 per share. During December 2008, the Company purchased the 546,580 shares from its
TRS for a purchase price of $17.69 per share. The 546,580 shares had a carry-over basis from the Atlantic Realty share
price of $17.10 per share. These shares are no longer considered issued.
During 2006, the Company acquired interests in seven shopping center properties located throughout Puerto Rico.
The properties were acquired through the issuance of approximately $158.6 million of non-convertible units, approximately
$45.8 million of convertible units, approximately $131.2 million of non-recourse debt and $116.3 million in cash.
132
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
The convertible units consist of (i) 2,627 Class B-1 Preferred Units, par value $10,000 per unit and 640,001 Class C
DownREIT Units, valued at an issuance price of $30.52 per unit. Both the Class B-1 Units and the Class C DownREIT
Units are redeemable by the holder at any time after November 30, 2010, for cash, or at the Company’s option, shares of
the Company’s common stock. During 2007 - 2009, 2,438 units, or $24.4 million, of the Class B-1 Preferred Units were
redeemed and 61,804 units, or $1.9 million, of the Class C DownREIT Units were redeemed under the Loan provision of
the Agreement. The Company opted to settle these units in cash.
The number of shares of Common Stock issued upon conversion of the Class B-1 Preferred Units would be equal to
the Class B-1 Cash Redemption Amount, as defined, which ranges from $6,000 to $14,000 per Class B-1 Preferred Unit
depending on the Common Stock’s Adjusted Current Trading Price, as defined, divided by the average daily market price
for the 20 consecutive trading days immediately preceding the redemption date.
Prior to January 1, 2009, the number of shares of Common Stock issued upon conversion of the Class C DownREIT
Units would be equal to the Class C Cash Amount which equals the number of Class C DownREIT Units being redeemed,
multiplied by the Adjusted Current Trading Price, as defined. After January 1, 2009, if the Adjusted Current Trading
Price is greater than $36.62 then the Class C Cash Amount shall be an amount equal to the Adjusted Current Trading
Price per Class C DownREIT Unit. If the Adjusted Current Trading Price is greater than $24.41 but less than $36.62, then
the Class C Cash Amount shall be an amount equal to $30.51 per Class C DownREIT Unit, or is less than $24.41, then
the Class C Cash Amount shall be an amount per Class C DownREIT Unit equal to the Adjusted Current Trading Price
multiplied by 1.25.
During April 2006, the Company acquired interests in two shopping center properties, located in Bay Shore and
Centereach, NY, valued at an aggregate $61.6 million. The properties were acquired through the issuance of units from
a consolidated subsidiary and consist of approximately $24.2 million of Redeemable Units, which are redeemable at the
option of the holder, approximately $14.0 million of fixed rate Redeemable Units and the assumption of approximately
$23.4 million of non-recourse mortgage debt. The Company has the option to settle the redemption of the $24.2 million
redeemable units with Common Stock, at a ratio of 1:1 or in cash. From 2007 - 2009, 30,000 units, or $1.1 million par
value, of the Redeemable Units were redeemed by the holder. The Company opted to settle these units in cash.
During June 2006, the Company acquired an interest in an office property, located in Albany, NY, valued at
approximately $39.9 million. The property was acquired through the issuance of approximately $5.0 million of redeemable
units from a consolidated subsidiary, which are redeemable at the option of the holder after one year, and the assumption
of approximately $34.9 million of non-recourse mortgage debt. The Company has the option to settle the redemption with
Common Stock, at a ratio of 1:1 or in cash.
The amount of consideration that would be paid to unaffiliated holders of units issued from the Company’s
consolidated subsidiaries which are not mandatorily redeemable, as if the termination of these consolidated subsidiaries
occurred on December 31, 2009, is approximately $21.3 million. The Company has the option to settle such redemption
in cash or shares of the Company’s common stock. If the Company exercised its right to settle in Common Stock, the unit
holders would receive approximately 1.6 million shares of Common Stock.
133
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
19. SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING/FINANCING ACTIVITIES:
The following schedule summarizes the non-cash investing and financing activities of the Company for the years
ended December 31, 2009, 2008 and 2007 (in thousands):
Acquisition of real estate interests by assumption of debt . . . . . . . . . . . . . . . . . . .
Exchange of DownREIT units for Common Stock. . . . . . . . . . . . . . . . . . . . . . . . .
Disposition/transfer of real estate interest by origination of mortgage debt . . . . .
Acquisition of real estate interests through proceeds held in escrow. . . . . . . . . . .
Issuance of Restricted Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proceeds held in escrow through sale of real estate interest. . . . . . . . . . . . . . . . . .
Disposition of real estate through the issuance of an unsecured obligation. . . . . .
Investment in real estate joint venture by contribution of property . . . . . . . . . . . .
Deconsolidation of Joint Venture:
Decrease in real estate and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Decrease in noncontrolling interest, construction loan and
other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Declaration of dividends paid in succeeding period . . . . . . . . . . . . . . . . . . . . . . . .
Consolidation of Joint Ventures:
2009
$ 577,604
$
$
$
$
$
$
$
2008
$ 96,226
— $ 80,000
— $ 27,175
— $
1,405
$
— $ 11,195
$
6,265
— $
2007
$ 82,614
—
$
$
—
— $ 68,031
—
$
—
$
—
$
740
— $
1,366
3,415
$
— $ 55,453
$ 113,074
$
$ 76,707
— $ 55,453
$ 131,097
$ 113,074
$ 112,052
Increase in real estate and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Increase in mortgage payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 47,368
$ 35,104
$ 68,360
$
$
— $
—
—
20. TRANSACTIONS WITH RELATED PARTIES:
The Company provides management services for shopping centers owned principally by affiliated entities and
various real estate joint ventures in which certain stockholders of the Company have economic interests. Such services
are performed pursuant to management agreements which provide for fees based upon a percentage of gross revenues
from the properties and other direct costs incurred in connection with management of the centers.
Ripco Real Estate Corp. was formed in 1991 and employs approximately 40 professionals and serves numerous
retailers, REITS and developers. Ripco’s business activities include serving as a leasing agent and representative for
national and regional retailers including Target, Best Buy, Kohls and many others, providing real estate brokerage services
and principal real estate investing. Mr. Todd Cooper, an officer and 50% shareholder of Ripco, is a son of Mr. Milton
Cooper, Executive Chairman of the Board of Directors of the Company. During 2009 and 2008, the Company paid
brokerage commissions of $0.7 million and $0.5 million, respectively, to Ripco for services rendered primarily as leasing
agent for various national tenants in shopping center properties owned by the Company. The Company believes that the
brokerage commissions paid were at or below the customary rates for such leasing services.
Additionally, the Company has the following joint venture investments with Ripco. During 2005, the Company
acquired three operating properties and one land parcel, through joint ventures, in which the Company and Ripco each
hold 50% noncontrolling interests. The Company accounts for its investment in these joint ventures under the equity
method of accounting. As of December 31, 2009, these joint ventures hold three individual one-year loans aggregating
$17.3 million which are scheduled to mature in 2010 and bear interest at rates of LIBOR plus 2.75%. These loans are
jointly and severally guaranteed by the Company and the joint venture partner.
Reference is made to Note 8 for additional information regarding transactions with related parties.
134
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
21. COMMITMENTS AND CONTINGENCIES:
Operations
The Company and its subsidiaries are primarily engaged in the operation of shopping centers which are either owned
or held under long-term leases which expire at various dates through 2095. The Company and its subsidiaries, in turn,
lease premises in these centers to tenants pursuant to lease agreements which provide for terms ranging generally from 5
to 25 years and for annual minimum rentals plus incremental rents based on operating expense levels and tenants’ sales
volumes. Annual minimum rentals plus incremental rents based on operating expense levels comprised approximately
99% of total revenues from rental property for each of the three years ended December 31, 2009, 2008 and 2007.
The future minimum revenues from rental property under the terms of all non-cancelable tenant leases, assuming
no new or renegotiated leases are executed for such premises, for future years are approximately as follows (in millions):
2010, $609.4; 2011, $583.3; 2012, $535.5; 2013, $474.2; 2014, $402.4 and thereafter; $1,845.2.
Minimum rental payments under the terms of all non-cancelable operating leases pertaining to the Company’s
shopping center portfolio for future years are approximately as follows (in millions): 2010, $13.2; 2011, $10.5; 2012, $9.3;
2013, $8.7; 2014, $8.1 and thereafter, $169.2.
Uncertain Tax Positions
In June 2006, the FASB issued further guidance relating to income taxes which clarified the accounting for
uncertainty in income taxes recognized in a company’s financial statements. The interpretation prescribes a recognition
threshold and measurement attribute criteria for the financial statement recognition and measurement of a tax position
taken or expected to be taken in a tax return. The interpretation also provides guidance on de-recognition, classification,
interest and penalties, accounting in interim periods, disclosure and transition. The Company does not have any material
unrecognized tax benefits as of December 31, 2009.
Captive Insurance
In October 2007, the Company formed a wholly-owned captive insurance company, Kimco Insurance Company,
Inc., (“KIC”), which provides general liability insurance coverage for all losses below the deductible under our third-party
policy. The Company entered into the Insurance Captive as part of its overall risk management program and to stabilize
its insurance costs, manage exposure and recoup expenses through the functions of the captive program. The Company
capitalized KIC in accordance with the applicable regulatory requirements. KIC established annual premiums based on
projections derived from the past loss experience of the Company’s properties. KIC has engaged an independent third
party to perform an actuarial estimate of future projected claims, related deductibles and projected expenses necessary
to fund associated risk management programs. Premiums paid to KIC may be adjusted based on this estimate, like
premiums paid to third-party insurance companies, premiums paid to KIC may be reimbursed by tenants pursuant to
specific lease terms.
Guarantees
During June 2007, the Company entered into a joint venture, in which the Company has a noncontrolling ownership
interest, and acquired all of the common stock of InTown Suites Management, Inc. This investment was funded with
approximately $186.0 million of new cross-collateralized non-recourse mortgage debt with a fixed interest rate of 5.59%,
encumbering 35 properties, a $153.0 million three-year unsecured credit facility, with two one-year extension options,
which bears interest at LIBOR plus 0.375% and is guaranteed by the Company and the assumption of $278.6 million
cross-collateralized non-recourse mortgage debt with fixed interest rates ranging from 5.19% to 5.89%, encumbering 86
properties. The joint venture partner has pledged its equity interest for any guaranty payment the Company is obligated to
pay. The outstanding balance on the three-year unsecured credit facility was $147.5 million as of December 31, 2009. The
joint venture obtained an interest rate swap at 5.37% on $128.0 million of this debt. The swap is designated as a cash flow
hedge and is deemed highly effective; as such adjustments to the swaps fair value are recorded in other comprehensive
income at the joint venture level.
135
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
During November 2007, the Company entered into a joint venture, in which the Company has a noncontrolling
ownership interest, to acquire a property in Houston, Texas. This investment was funded with a $24.5 million unsecured
credit facility scheduled to mature in November 2009, with a six-month extension option which was exercised during
2009 and thus the maturity date is now April 2010, which bears interest at LIBOR plus 0.375% and is guaranteed by the
Company. The outstanding balance on this credit facility as of December 31, 2009 was $24.5 million.
During April 2007, the Company entered into a joint venture, in which the Company has a 50% noncontrolling
ownership interest to acquire a property in Visalia, CA. Subsequent to this acquisition the joint venture obtained a $6.0
million three-year promissory note which bears interest at LIBOR plus 0.75% and has an extension option of two-years.
This loan is jointly and severally guaranteed by the Company and the joint venture partner. As of December 31, 2009, the
outstanding balance on this loan was $6.0 million.
During August 2008, KimPru entered into a $650.0 million credit facility, which bears interest at a rate of LIBOR
plus 1.25% and was initially scheduled to mature in August 2009. This facility included an option to extend the maturity
date for one year, subject to certain requirements including a reduction of the outstanding balance to $485.0 million.
During August 2009, KimPru exercised the one-year extension option and made an additional payment to reduce the
balance to $485.0 million; as such the credit facility is scheduled to mature in August 2010. Proceeds from this credit
facility were used to repay the outstanding balance of $658.7 million under the $1.2 billion credit facility, which was
scheduled to mature in October 2008 and bore interest at a rate of LIBOR plus 0.45%. This facility is guaranteed by the
Company with a guarantee from PREI to the Company for 85% of any guaranty payment the Company is obligated to
make. As of December 31, 2009, the outstanding balance on the credit facility was $331.0 million.
During 2006, an entity in which the Company has a preferred equity investment, located in Montreal, Canada,
obtained a construction loan, which is collateralized by the respective land and project improvements. Additionally, the
Company has provided a partial guaranty to the lender of up to CAD $45 million (approximately USD $42.7 million)
and the developer partner has provided an indemnity to the Company for 25% of all payments the Company is obligated
to pay. As of December 31, 2009, there was CAD $99.8 million (approximately USD $94.8 million) outstanding on this
construction loan.
Additionally, the RioCan Ventures have a CAD $7.0 million (approximately USD $6.6 million) letter of credit facility.
This facility is jointly guaranteed by RioCan and the Company and had approximately CAD $4.9 million (approximately
USD $4.6 million) outstanding as of December 31, 2009, relating to various development projects.
Additionally, during 2005, the Company acquired three operating properties and one land parcel, through joint
ventures, in which the Company holds 50% noncontrolling interests. Subsequent to these acquisitions, the joint ventures
obtained four individual loans aggregating $20.4 million with interest rates ranging from LIBOR plus 1.00% to LIBOR
plus 3.50%. During 2007, one of these properties was sold for a sales price of approximately $10.5 million, including
the pay down of $5.0 million of debt. During 2008, one of the loans was increased by $2.0 million. During 2009 these
loans were extended to mature in 2010 at an interest rate of LIBOR plus 2.75%. As of December 31, 2009, there was an
aggregate of $17.3 million outstanding on these loans. These loans are jointly and severally guaranteed by the Company
and the joint venture partner.
During 2009, a joint venture in which the Company has a 50% noncontrolling ownership interest obtained a new
three-year $53.0 million loan which bears interest at a rate of 7.85%. Proceeds from this mortgage and an additional $15.0
million capital contribution from the partners were used to repay $68.0 million in mortgage debt, which was scheduled
to mature in 2009 and bore interest at a rate of LIBOR plus 1.16%. This mortgage is jointly and severally guaranteed
by the Company and the joint venture partner. As of December 31, 2009, the outstanding balance on this loan was
$52.8 million.
Additionally during 2009, a joint venture in which the Company has a 30% noncontrolling ownership interest
obtained a new $59.0 million three-year mortgage loan, which bears interest at a rate of LIBOR plus 350 basis points. The
Company and the holder of the remaining 70% ownership interest guarantee, jointly and severally, up to $10.0 million of
this mortgage. As of December 31, 2009, the outstanding balance on this loan was $59.0 million.
The Company evaluated these guarantees in connection with the provisions of the FASB’s Guarantees guidance and
determined that the impact did not have a material effect on the Company’s financial position or results of operations.
136
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Letters of Credit
The Company has issued letters of credit in connection with the completion and repayment guarantees for
construction loans encumbering certain of the Company’s ground-up development projects and guaranty of payment
related to the Company’s insurance program. These letters of credit aggregate approximately $23.9 million.
During August 2009, the Company became obligated to issue a letter of credit for approximately CAD $66.0 million
(approximately USD $62.7 million) relating to a tax assessment dispute with the Canada Revenue Agency (“CRA”).
The letter of credit has been issued under the Company’s CAD $250 million credit facility. The dispute is in regards
to three of the Company’s wholly-owned subsidiaries which hold a 50% co-ownership interest in Canadian real estate.
However, applicable Canadian law requires that a non-resident corporation post sufficient collateral to cover a claim for
taxes assessed. As such, the Company issued its letter of credit as required by the governing law. The Company strongly
believes that it has a justifiable defense against the dispute which will release the Company from any and all liability.
Other
In connection with the construction of its development projects and related infrastructure, certain public agencies
require performance and surety bonds be posted to guarantee that the Company’s obligations are satisfied. These bonds
expire upon the completion of the improvements and infrastructure. As of December 31, 2009, there were approximately
$52.8 million bonds outstanding.
The Company is subject to various legal proceedings and claims that arise in the ordinary course of business. These
matters are generally covered by insurance. Management believes that the final outcome of such matters will not have a
material adverse effect on the financial position, results of operations or liquidity of the Company.
22. INCENTIVE PLANS:
The Company maintains a stock option plan (the “Plan”) pursuant to which a maximum of 47,000,000 shares of the
Company’s common stock may be issued for qualified and non-qualified options. Options granted under the Plan generally
vest ratably over a three to five-year term, expire ten years from the date of grant and are exercisable at the market price
on the date of grant, unless otherwise determined by the Board at its sole discretion. In addition, the Plan provides for the
granting of certain options to each of the Company’s non-employee directors (the “Independent Directors”) and permits
such Independent Directors to elect to receive deferred stock awards in lieu of directors’ fees.
The Company accounts for stock options in accordance with FASB’s Compensation – Stock Compensation guidance
which requires that all share based payments to employees, including grants of employee stock options, be recognized in
the statement of operations over the service period based on their fair values.
The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing formula.
The assumption for expected volatility has a significant affect on the grant date fair value. Volatility is determined based
on the historical equity of common stock for the most recent historical period equal to the expected term of the options
plus an implied volatility measure. The more significant assumptions underlying the determination of fair values for
options granted during 2009, 2008 and 2007 were as follows:
Year Ended December 31,
2008
$ 5.73
2007
$ 7.41
2009
$ 3.16
2.54% 3.13%
6.25
45.81% 26.16%
5.48% 4.33%
6.38
4.50%
6.50
19.01%
3.77%
Weighted average fair value of options granted . . . . . . . . . . . . . . . . . . .
Weighted average risk-free interest rates . . . . . . . . . . . . . . . . . . . . . . . .
Weighted average expected option lives (in years) . . . . . . . . . . . . . . . .
Weighted average expected volatility . . . . . . . . . . . . . . . . . . . . . . . . . . .
Weighted average expected dividend yield . . . . . . . . . . . . . . . . . . . . . .
137
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Information with respect to stock options under the Plan for the years ended December 31, 2009, 2008, and 2007
are as follows:
Options outstanding, January 1, 2007 . . . . . . . . . . . . .
Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Forfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Options outstanding, December 31, 2007 . . . . . . . . . .
Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Forfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Options outstanding, December 31, 2008 . . . . . . . . . .
Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Forfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Options outstanding, December 31, 2009 . . . . . . . . . .
Shares
14,793,593
(1,884,421)
2,971,900
(257,618)
15,623,454
(1,862,209)
2,903,475
(400,898)
16,263,822
(116,418)
1,746,000
(332,483)
17,560,921
Weighted-Average
Exercise Price
Per Share
$25.93
$20.22
$41.41
$35.87
$29.39
$20.59
$37.29
$38.64
$31.58
$12.79
$11.58
$33.57
$29.69
Options exercisable (fully vested)-
December 31, 2007 . . . . . . . . . . . . . . . . . . . . . .
December 31, 2008 . . . . . . . . . . . . . . . . . . . . . .
December 31, 2009 . . . . . . . . . . . . . . . . . . . . . .
9,307,184
9,011,677
10,869,336
$23.10
$26.00
$28.36
Aggregate
Intrinsic value
(in millions)
$281.4
$133.7
$
7.6
$
3.4
$123.8
7.6
$
0.0
$
The exercise prices for options outstanding as of December 31, 2009, range from $7.22 to $53.14 per share. The
Company estimates forfeitures based on historical data. The weighted-average remaining contractual life for options
outstanding as of December 31, 2009, was approximately 6.3 years. The weighted-average remaining contractual term
of options currently exercisable as of December 31, 2009, was approximately 5.8 years. Options to purchase 2,989,805,
5,031,718, and 2,996,321, shares of the Company’s common stock were available for issuance under the Plan at December
31, 2009, 2008 and 2007, respectively. As of December 31, 2009, the Company had 6,691,585 options expected to vest,
with a weighted-average exercise price per share of $31.87 and an aggregate intrinsic value of $3.4 million.
Cash received from options exercised under the Plan was approximately $1.5 million, $38.3 million, and $38.1
million, for the years ended December 31, 2009, 2008 and 2007, respectively. The total intrinsic value of options exercised
during 2009, 2008 and 2007 was approximately $0.2 million, $35.0 million, and $54.4 million, respectively.
The Company recognized stock options expense of $11.3 million, $12.3 million, and $12.2 million for the years
ended December 31, 2009, 2008 and 2007, respectively. As of December 31, 2009, the Company had $21.5 million of total
unrecognized compensation cost related to unvested stock compensation granted under the Company’s Plan. That cost is
expected to be recognized over a weighted average period of approximately 2.3 years.
The Company maintains a 401(k) retirement plan covering substantially all officers and employees, which permits
participants to defer up to the maximum allowable amount determined by the Internal Revenue Service of their eligible
compensation. This deferred compensation, together with Company matching contributions, which generally equal
employee deferrals up to a maximum of 5% of their eligible compensation (capped at $170,000), is fully vested and funded
as of December 31, 2009. The Company contributions to the plan were approximately $1.8 million, $1.5 million and $1.5
million for the years ended December 31, 2009, 2008 and 2007, respectively.
Due to declining economic conditions resulting in the lack of transactional activity within the real estate industry
as a whole, the Company had accrued approximately $3.6 million at December 31, 2008, relating to severance costs
associated with employees that had been terminated during January 2009. Also, as a result of continued economic decline,
the Company recorded an additional accrual of approximately $3.6 million for severance costs associated with employee
terminations during 2009.
138
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
23. INCOME TAXES:
The Company elected to qualify as a REIT in accordance with the Code commencing with its taxable year which
began January 1, 1992. To qualify as a REIT, the Company must meet a number of organizational and operational
requirements, including a requirement that it currently distribute at least 90% of its adjusted REIT taxable income to
its stockholders. It is management’s intention to adhere to these requirements and maintain the Company’s REIT status.
As a REIT, the Company generally will not be subject to corporate federal income tax, provided that distributions to its
stockholders equal at least the amount of its REIT taxable income as defined under the Code. If the Company fails to
qualify as a REIT in any taxable year, it will be subject to federal income taxes at regular corporate rates (including any
applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even
if the Company qualifies for taxation as a REIT, the Company is subject to certain state and local taxes on its income
and property, and federal income and excise taxes on its undistributed taxable income. In addition, taxable income from
non-REIT activities managed through taxable REIT subsidiaries is subject to federal, state and local income taxes.
Reconciliation between GAAP Net Income and Federal Taxable Income:
The following table reconciles GAAP net (loss)/income to taxable income for the years ended December 31, 2009,
2008 and 2007 (in thousands):
GAAP net (loss)/income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less: GAAP net loss/(income) of taxable REIT subsidiaries . . . . . . . . . . .
GAAP net income from REIT operations (a) . . . . . . . . . . . . . . . . . . . . . . . . . .
Net book depreciation in excess of tax depreciation. . . . . . . . . . . . . . . . . . . . .
Deferred/prepaid/above and below market rents, net . . . . . . . . . . . . . . . . . . . .
Book/tax differences from non-qualified stock options . . . . . . . . . . . . . . . . . .
Book/tax differences from investments in real estate joint ventures . . . . . . . .
Book/tax difference on sale of property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation adjustment of foreign currency contracts . . . . . . . . . . . . . . . . . . . . .
Book adjustment to property carrying values and marketable
equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other book/tax differences, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Adjusted taxable income subject to 90% dividend requirements . . . . . . . . . . .
2009
(Estimated)
$ (3,942)
67,843
63,901
24,261
(18,967)
12,107
55,101
(13,478)
2008
(Actual)
$249,902
(9,002)
240,900
19,249
(17,521)
(15,994)
55,047
5,617
(35)
2007
(Actual)
$442,830
(98,542)
344,288
31,963
(12,879)
(26,210)
5,740
(8,788)
308
—
122,903
1,312
$ 247,140
71,638
10,769
$369,670
—
23,911
$358,333
Certain amounts in the prior periods have been reclassified to conform to the current year presentation.
(a) All adjustments to “GAAP net (loss)/income from REIT operations” are net of amounts attributable to noncontrolling
interest and taxable REIT subsidiaries.
Reconciliation between Cash Dividends Paid and Dividends Paid Deductions (in thousands):
For the years ended December 31, 2009, 2008 and 2007 cash dividends paid exceeded the dividends paid deduction
and amounted to $ 331,025, $469,024, and $384,502, respectively.
139
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Characterization of Distributions:
The following characterizes distributions paid for the years ended December 31, 2009, 2008 and 2007, (in thousands):
2009
2008
2007
Preferred F Dividends
Ordinary income. . . . . . . . . . . . . . . . . . . . . . . . . .
Capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preferred G Dividends
Ordinary income. . . . . . . . . . . . . . . . . . . . . . . . . .
Capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Common Dividends
Ordinary income. . . . . . . . . . . . . . . . . . . . . . . . . .
Capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Return of capital . . . . . . . . . . . . . . . . . . . . . . . . . .
Total dividends distributed . . . . . . . . . . . . . . . . . . . .
Taxable REIT Subsidiaries (“TRS”):
$ 11,638
$ 11,638
$ 35,650
$ 35,650
— —%
100% $
9,079
2,559
100% $ 11,638
— —%
100% $ 28,197
7,948
100% $ 36,145
$ 204,291
72% $ 290,656
80,036
— —%
28%
50,549
100% $ 421,241
$ 469,024
79,446
$ 283,737
$ 331,025
7,123
78% $
22%
4,515
100% $ 11,638
61%
39%
100%
78% $
22%
100% $
—
—
—
69% $ 207,587
131,558
19%
12%
33,719
100% $ 372,864
$ 384,502
—
—
—
56%
35%
9%
100%
The Company is subject to federal, state and local income taxes on the income from its TRS activities, which
include Kimco Realty Services (“KRS”), a wholly owned subsidiary of the Company and the consolidated entities of
FNC, and Blue Ridge Real Estate Company/Big Boulder Corporation.
Income taxes have been provided for on the asset and liability method as required by the FASB’s Income Tax
guidance. Under the asset and liability method, deferred income taxes are recognized for the temporary differences
between the financial reporting basis and the tax basis of the TRS assets and liabilities.
The Company’s taxable income for book purposes and provision for income taxes relating to the Company’s TRS
and taxable entities which have been consolidated for accounting reporting purposes, for the years ended December 31,
2009, 2008, and 2007, are summarized as follows (in thousands):
(Loss)/income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . .
Benefit/(provision) for income taxes:
Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
State and local . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total tax benefit/(provision) . . . . . . . . . . . . . . . . . . . . . . . . . .
GAAP net (loss)/income from taxable REIT subsidiaries . . . . . . . .
2009
$(104,231)
2008
$ (3,972)
2007
$109,057
35,254
1,133
36,387
$ (67,844)
11,026
1,948
12,974
$ 9,002
(6,565)
(3,950)
(10,515)
$ 98,542
The Company’s deferred tax assets and liabilities at December 31, 2009 and 2008, were as follows (in thousands):
2009
2008
Deferred tax assets:
Operating losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax/GAAP basis differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tax credit carryforwards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation allowance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total deferred tax assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deferred tax liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net deferred tax assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 55,613
72,023
6,319
(33,783)
100,172
(13,833)
$ 86,339
$ 48,863
71,747
—
(33,783)
86,827
(2,656)
$ 84,171
140
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
As of December 31, 2009, the Company had net deferred tax assets of approximately $86.3 million. This net deferred tax
asset includes approximately $12.0 million for the tax effect of net operating losses, (“NOL”) after the impact of a valuation
allowance of $33.8 million, relating to FNC, a consolidated entity in which the Company has a 53% ownership interest. The
partial valuation allowance on the FNC deferred tax asset primarily results from current projected taxable income, being more
likely than not, insufficient to utilize the full amount of the deferred tax asset. The Company’s remaining net deferred tax
asset of approximately $74.3 million primarily relates to KRS and consists of (i) $13.8 million in deferred tax liabilities, (ii)
$9.8 million in NOL carry forwards that expire in 2029, (iii) $6.3 million in tax credit carry forwards, $4.0 million of which
expire in 2029 and $2.3 million that do not expire and (iv) $72.0 million primarily relating to differences in GAAP book basis
and tax basis of accounting for (i) real estate assets (ii) real estate joint ventures, (iii) other real estate investments, and (iv)
asset impairments charges that have been recorded for book purposes but not yet recognized for tax purposes and (v) other
miscellaneous deductible temporary differences.
As of December 31, 2009, the Company determined that no valuation allowance was needed against the $74.3 million
net deferred tax asset within KRS. This determination was based upon the Company’s analysis of both positive evidence,
which includes future projected income for KRS and negative evidence, which consists of a three year cumulative pre-tax
book loss of approximately $23.0 million for KRS. The cumulative loss was primarily the result of significant impairment
charges taken by KRS during 2009 and 2008 of approximately $91.7 million and approximately $82.2 million, respectively.
KRS has a strong earnings history exclusive of the impairment charges. Since 2001, KRS has produced substantial taxable
income in each year through 2008. Over the prior three years (2006 through 2008) KRS generated approximately $69.3
million of taxable income, before net operating loss carryovers .
KRS activities primarily consisted of a merchant building business for the ground-up development of shopping center
properties and subsequent sale upon completion and investments which include redevelopment properties and joint venture
investments including KRS’s investment in the Albertson’s joint venture. During 2009, the Company changed its merchant building
strategy from a sale upon completion strategy to a long-term hold strategy for its remaining merchant building projects.
To determine future projected income the Company scheduled KRS’s pre-tax book income and taxable income over
a twenty year period taking into account its continuing operations (“core earnings”). Core earnings consist of estimated net
operating income for properties currently in service and generating rental income from existing tenants. Major lease turnover
is not expected in these properties as these properties were generally constructed and leased within the past two years. To allow
the forecast to remain objective and verifiable, no income growth was forecasted for any other aspect of KRS’s continuing
business activities including its investment in the Albertson’s joint venture. The Company also included future known events in
its projected income forecast such as the maturity of certain mortgages and construction loans which will significantly reduce
the amount of interest expense incurred in future years. Additionally, the Company has also committed to certain actions
which will result in reducing leverage at KRS. With the Company’s change in its merchant building strategy, future business
operations at KRS will not support its current capital structure which consists of approximately $564 million of intercompany
loans the Company has made to KRS to fund its merchant building operation. KRS incurred approximately $32.1 million of
interest expense related to the intercompany financing during 2009. The Company will recapitalize a significant portion of
the debt to reflect KRS’s ongoing business activities. The twenty year taxable income estimate reduces intercompany interest
in accordance with this plan.
The Company’s projection of KRS’s future taxable income, utilizing the assumptions above with respect to core earnings
and reductions in interest expense due to debt maturities and the Company’s recapitalization plans generates approximately $205.2
million in future taxable income, which is sufficient to fully utilize KRS’s $74.3 million net deferred tax asset. As a result of this
analysis the Company has determined it is more likely than not that KRS’s net deferred tax asset of $74.3 million will be realized
and therefore, no valuation allowance is needed at December 31, 2009. If future income projections do not occur as forecasted or
the Company incurs additional impairment losses, the Company will reevaluate the need for a valuation allowance.
Deferred tax assets and deferred tax liabilities are included in the caption Other assets and Other liabilities on the
accompanying Consolidated Balance Sheets at December 31, 2009 and 2008. Operating losses and the valuation allowance are
primarily due to the Company’s consolidation of FNC for accounting and reporting purposes. At December 31, 2009, FNC had
approximately $117.5 million of NOL carryforwards that expire from 2022 through 2025, with a tax value of approximately $45.8
million. At December 31, 2008, FNC had approximately $125.3 million of NOL carry forwards, with a tax value of approximately
$48.9 million. A valuation allowance of $33.8 million has been established for a portion of these deferred tax assets.
141
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
(Benefit)/provision differ from the amount computed by applying the statutory federal income tax rate to taxable income
before income taxes were as follows (in thousands):
Federal (benefit)/provision at statutory tax rate (35%). . . . . . . . . . . .
State and local taxes, net of federal (benefit)/provision . . . . . . . . . . .
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Valuation allowance decrease . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2009
$(36,481)
(6,775)
6,869
—
$(36,387)
2008
$ (1,390)
(258)
(8,283)
(3,043)
$(12,974)
2007
$ 38,170
7,089
(3,552)
(31,192)
$ 10,515
24. SUPPLEMENTAL FINANCIAL INFORMATION:
The following represents the results of operations, expressed in thousands except per share amounts, for each
quarter during the years 2009 and 2008:
Revenues from rental property(1) . . . . . . . . . . . . . . . .
Net income/(loss) attributable to the Company. . . . . .
Net income/(loss) per common share:
2009 (Unaudited)
Mar. 31
$193,895
$ 38,424
June 30
$ 189,285
$(134,651)
Sept. 30
$191,885
$ 40,108
Dec. 31
$211,822
$ 52,177
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
0.10
0.10
$
$
(0.40)
(0.40)
$
$
0.07
0.07
$
$
0.11
0.11
Revenues from rental property(1) . . . . . . . . . . . . . . . .
Net income/(loss) attributable to the Company. . . . . .
Net income/(loss) per common share:
2008 (Unaudited)
Mar. 31
$188,794
$ 98,467
June 30
$ 182,970
$ 94,374
Sept. 30
$189,951
$108,584 (a)
Dec. 31
$196,989
$ (51,523) (a)
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
0.34
0.34
$
$
0.33
0.32
$
$
0.38
0.37
$
$
(0.24)
(0.24)
(1) All periods have been adjusted to reflect the impact of operating properties sold during 2009 and 2008 and properties
classified as held for sale as of December 31, 2009, which are reflected in the caption Discontinued operations on the
accompanying Consolidated Statements of Operations.
(a) Out-of-Period Adjustment - During the fourth quarter of 2008, the Company identified an out-of-period adjustment
in its consolidated financial statements for the year ended December 31, 2008. This adjustment related to the
accounting for cash distributions received in excess of the Company’s carrying value of its investment in an
unconsolidated joint venture. During the third quarter of 2008, the Company recorded as income approximately
$8.5 million from cash distributions received in excess of the Company’s carrying value of its investment resulting
from mortgage refinancing proceeds from one of its unconsolidated joint ventures. The Company recorded the $8.5
million as income as the Company had no guaranteed obligations or was otherwise committed to provide further
financial support to the joint venture. It was determined in the fourth quarter of 2008, that although the Company
in substance does not have any further obligations, in form, the Company is the general partner in this joint venture
and does have a legal obligation relating to the partnership. As such, the Company should not have recognized
the $8.5 million as income in the third quarter. The Company has reversed this amount from income in the fourth
quarter of 2008. As a result of this out-of-period adjustment, net income was overstated by $8.5 million in the third
quarter of 2008 and understated by $8.5 million in the fourth quarter of 2008, but correctly stated for the year
ended December 31, 2008. The Company concluded that the $8.5 million adjustment was not material to the quarter
ended September 30, 2008 or the quarter ended December 31, 2008. As such, this adjustment was recorded in the
Company’s Consolidated Statements of Income for the three months ended December 31, 2008, rather than restating
the third quarter 2008 period.
142
KIMCO REALTY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
Accounts and notes receivable in the accompanying Consolidated Balance Sheets are net of estimated unrecoverable
amounts of approximately $12.2 million and $9.0 million of billed accounts receivable and $10.1 million and $13.3 million
for accrued unbilled common area maintenance and real estate recoveries at December 31, 2009 and 2008, respectively.
25. PRO FORMA FINANCIAL INFORMATION (UNAUDITED):
As discussed in Notes 5, 6 and 7, the Company and certain of its subsidiaries acquired and disposed of interests
in certain operating properties during 2009. The pro forma financial information set forth below is based upon the
Company’s historical Consolidated Statements of Operations for the years ended December 31, 2009 and 2008, adjusted
to give effect to these transactions at the beginning of each year.
The pro forma financial information is presented for informational purposes only and may not be indicative of
what actual results of operations would have been had the transactions occurred at the beginning of each year, nor
does it purport to represent the results of operations for future periods. (Amounts presented in millions, except per
share figures.)
Revenues from rental property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net (loss)/income attributable to the Company’s common shareholders . . . . . . . . . .
Net (loss)/income attributable to the Company’s common shareholders per
common share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year ended December 31,
2009
$864.0
$ 22.4
$ (34.9)
2008
$853.5
$274.1
$201.6
$ (0.10)
$ (0.10)
$ 0.78
$ 0.78
143
KIMCO REALTY CORPORATION AND SUBSIDIARIES
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
For Years Ended December 31, 2009, 2008 and 2007
(in thousands)
Year Ended December 31, 2009
Allowance for uncollectable accounts . . . . . . . . . . . .
Allowance for deferred tax asset . . . . . . . . . . . . . . . .
Year Ended December 31, 2008
Allowance for uncollectable accounts . . . . . . . . . . . .
Allowance for deferred tax asset . . . . . . . . . . . . . . . .
Year Ended December 31, 2007
Allowance for uncollectable accounts . . . . . . . . . . . .
Allowance for deferred tax asset . . . . . . . . . . . . . . . .
Balance at
beginning
of period
Charged
to
expenses
Adjustments
to valuation
accounts
Deductions
Balance
at end of
period
$
9,000
$ 33,783
$
4,579
$ 34,800
$
—
$(34,800)
$ (1,379)
$12,200
$ — $33,783
$
9,000
$ 36,826
$
8,500
$ 68,018
$
$
$
$
3,066
$
—
— $ (3,043)
$ (3,066)
$ 9,000
$ — $33,783
614
$
—
— $(31,192)
(114)
$
$ 9,000
$ — $36,826
144
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
I
R
A
I
D
I
S
B
U
S
D
N
A
N
O
I
T
A
R
O
P
R
O
C
Y
T
L
A
E
R
O
C
M
I
K
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
D
N
A
E
T
A
T
S
E
L
A
E
R
–
I
I
I
E
L
U
D
E
H
C
S
9
0
0
2
,
1
3
r
e
b
m
e
c
e
D
T
S
O
C
L
A
I
T
I
N
I
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
)
C
(
6
0
0
2
)
C
(
7
0
0
2
)
C
(
4
0
0
2
)
C
(
8
0
0
2
)
A
(
7
0
0
2
)
A
(
8
9
9
1
)
A
(
9
0
0
2
)
C
(
5
0
0
2
)
C
(
6
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
9
0
0
2
)
C
(
4
0
0
2
)
C
(
8
0
0
2
)
A
(
8
9
9
1
)
A
(
9
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
6
0
0
2
)
A
(
8
0
0
2
)
A
(
6
0
0
2
)
A
(
8
0
0
2
)
A
(
7
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
9
0
0
2
)
A
(
8
0
0
2
)
A
(
8
9
9
1
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
9
0
0
2
)
A
(
6
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
6
4
6
,
0
7
2
,
4
8
8
0
,
3
9
9
,
1
4
5
3
,
3
7
7
,
8
1
3
4
,
8
3
8
,
5
3
2
0
8
,
2
7
3
,
5
2
7
9
7
,
2
0
1
,
2
0
5
8
,
7
3
4
,
1
7
4
4
,
4
4
1
,
7
7
3
8
,
9
1
3
,
3
1
9
7
7
,
6
1
5
,
7
2
1
6
0
,
8
2
6
,
5
3
1
9
,
3
0
9
,
6
4
8
8
1
,
0
5
1
,
5
5
2
2
5
,
4
5
8
,
4
1
9
0
,
9
0
4
,
7
0
6
1
,
4
8
0
,
9
1
9
5
2
,
1
9
2
,
2
1
7
2
9
,
5
9
2
,
1
4
—
—
—
—
3
4
8
,
9
9
2
,
6
0
9
9
,
3
5
0
,
4
3
7
4
,
0
6
2
3
1
9
,
3
0
9
,
6
4
8
8
1
,
0
5
1
,
5
5
2
2
5
,
4
5
8
,
4
1
9
0
,
9
0
4
,
7
3
0
0
,
4
8
3
,
5
2
9
4
2
,
5
4
3
,
6
1
0
0
4
,
6
5
5
,
1
4
8
9
3
,
4
2
0
,
8
3
1
6
7
3
,
8
1
3
,
1
1
3
7
7
,
2
4
3
,
9
4
1
6
7
9
,
0
3
2
,
3
3
6
1
5
,
2
3
6
,
5
1
8
1
3
,
8
5
0
,
9
9
0
4
,
9
8
1
,
3
2
1
3
7
,
7
6
5
,
9
2
8
8
,
6
3
4
,
2
1
3
0
8
,
6
7
9
,
4
1
7
6
3
,
4
3
2
,
4
0
4
3
,
6
0
0
,
9
1
5
6
4
,
9
2
0
,
7
5
1
1
,
2
8
5
,
2
2
3
6
2
,
9
1
9
,
4
3
9
9
8
,
7
2
9
,
4
5
5
5
2
,
4
9
8
,
2
2
3
6
,
2
3
1
,
6
1
8
0
9
,
4
9
7
,
9
5
0
2
3
,
4
9
5
,
6
3
5
1
8
,
9
8
1
,
1
3
5
9
5
,
8
3
0
,
6
9
6
2
,
3
5
6
,
1
6
1
7
,
2
4
9
,
3
2
8
0
9
,
0
2
9
,
9
4
0
7
,
0
0
8
,
7
2
6
1
1
,
6
3
6
,
4
3
0
3
,
5
2
5
,
2
3
5
2
,
0
7
4
,
4
2
4
7
4
,
9
9
0
,
4
2
2
8
5
,
3
9
5
,
8
4
4
7
0
,
1
9
6
,
3
2
0
0
6
,
6
8
4
,
9
3
0
3
,
6
0
0
,
1
3
9
8
6
,
9
4
3
,
4
2
3
5
8
,
1
7
7
,
2
1
5
9
,
7
3
0
,
3
—
2
2
5
,
2
8
4
,
5
4
1
0
,
7
4
5
,
2
2
8
3
,
3
5
3
,
4
7
7
3
,
6
6
4
,
3
7
4
5
,
4
1
1
—
—
6
7
9
,
0
3
2
,
3
3
9
3
0
,
5
1
1
,
1
2
2
3
3
,
5
0
6
,
1
1
1
9
7
,
2
4
5
,
7
2
8
0
1
,
4
3
0
,
3
1
0
3
4
,
1
5
5
,
2
1
3
0
8
,
6
7
9
,
4
1
7
6
3
,
4
3
2
,
4
8
4
7
,
4
1
0
,
6
7
8
0
,
1
2
0
,
5
2
3
8
0
,
1
2
7
9
5
,
7
7
0
,
7
1
5
5
,
9
7
0
,
9
8
4
5
,
0
5
0
,
7
1
1
7
,
9
5
6
,
9
2
3
1
8
,
8
9
9
,
3
4
2
8
9
,
4
5
5
,
6
1
2
8
8
,
2
8
4
,
1
7
9
7
8
,
9
6
7
,
1
7
7
4
,
4
9
7
,
2
4
3
1
,
4
6
6
,
4
8
0
1
,
7
2
9
,
8
1
4
3
8
,
5
3
1
,
2
1
2
4
7
,
0
3
9
,
1
7
5
8
3
,
0
8
7
,
3
6
8
1
,
5
3
3
,
3
9
9
3
,
1
8
8
,
3
8
1
5
,
3
8
7
5
8
0
,
2
2
1
8
6
8
,
3
4
2
,
1
0
6
6
,
2
3
6
,
8
6
9
1
,
0
1
8
,
2
2
8
8
,
7
8
1
,
1
3
5
6
,
6
1
3
4
0
7
,
4
7
3
,
0
4
0
0
0
,
5
2
5
,
4
3
5
9
9
,
9
1
9
,
9
8
8
7
,
6
3
4
,
2
1
0
8
,
4
6
0
,
4
2
6
7
7
,
4
6
1
,
1
1
3
6
3
,
3
3
4
,
6
3
2
1
3
,
6
4
4
,
7
6
8
1
,
3
1
7
,
3
6
0
9
,
6
8
7
,
4
2
4
8
5
,
8
9
9
,
5
9
5
0
,
8
9
0
,
0
3
0
9
1
,
9
2
7
,
8
1
8
6
,
7
5
6
,
3
8
5
5
,
0
3
6
1
8
,
5
2
2
1
9
5
,
2
8
9
6
5
,
3
9
6
,
1
4
9
5
,
5
1
4
,
1
2
7
7
,
2
2
3
,
7
5
4
5
7
,
8
4
3
,
7
2
8
5
1
,
7
1
5
,
9
9
1
1
,
2
3
2
,
1
3
0
8
2
,
2
3
4
,
4
2
2
2
4
,
5
6
4
,
4
6
4
5
,
3
5
4
,
4
7
8
0
,
4
0
3
0
5
6
,
2
2
6
4
3
1
,
7
9
5
,
3
4
1
4
5
,
4
5
7
,
8
3
6
2
3
,
7
3
3
,
7
1
9
4
2
,
0
3
4
,
3
1
1
8
3
,
6
9
4
,
5
3
1
8
7
,
4
3
0
,
9
4
1
0
2
6
,
9
9
0
,
3
2
2
0
,
4
1
0
,
7
1
6
0
6
,
9
8
5
,
9
2
2
9
,
4
6
9
,
2
2
7
6
7
,
3
8
5
,
0
1
0
3
4
,
3
2
3
,
1
1
1
3
3
,
7
3
9
,
3
7
0
6
,
5
9
8
4
4
,
5
2
0
,
0
2
8
4
5
,
0
5
0
,
6
6
1
3
,
5
8
7
,
3
2
0
7
0
,
8
3
5
,
7
3
7
1
9
,
1
2
1
,
8
5
7
7
6
,
3
0
3
,
3
1
7
8
,
1
2
3
,
3
1
3
4
6
,
4
4
0
,
2
5
2
5
0
,
9
8
3
,
0
3
4
5
5
,
7
9
7
,
4
2
5
9
9
,
9
4
1
,
8
7
3
9
,
1
5
6
,
1
1
0
8
,
0
4
7
,
9
1
6
8
4
,
8
8
8
,
7
4
8
6
,
4
4
5
,
9
2
6
6
0
,
6
2
3
,
5
6
7
2
,
7
2
5
,
2
8
2
1
,
7
2
5
,
5
1
9
5
0
,
8
9
9
,
8
2
2
7
7
,
2
2
4
,
4
4
1
4
9
,
0
0
1
,
0
2
8
5
1
,
5
6
9
,
6
4
5
4
,
2
7
0
,
0
2
0
3
0
,
7
7
7
,
9
1
9
8
6
,
5
6
1
,
3
9
0
6
,
2
4
0
,
3
9
7
7
,
6
0
3
,
3
7
4
6
,
5
9
3
,
6
1
5
3
4
,
0
5
5
,
4
1
4
4
,
6
8
7
,
6
7
7
6
,
6
4
0
,
8
0
0
0
,
5
1
9
,
2
9
1
0
,
0
6
0
,
6
2
9
9
,
7
0
3
6
5
3
,
1
3
1
,
0
3
7
1
0
,
1
0
1
,
4
6
2
7
,
5
1
0
,
2
9
6
8
,
7
7
5
,
4
1
4
3
,
0
5
4
,
2
0
0
0
,
8
2
2
,
1
—
—
4
6
6
,
8
1
1
8
5
9
,
3
4
7
,
1
3
7
7
,
2
4
3
,
4
3
1
0
9
3
,
3
0
6
1
3
3
,
7
8
1
,
3
7
9
0
,
3
6
4
,
5
—
7
4
3
,
8
4
9
1
2
7
,
1
8
7
)
3
7
0
,
4
6
4
,
4
(
—
4
3
1
,
7
9
5
,
3
4
6
1
6
,
4
9
7
,
9
2
—
9
0
8
,
3
0
4
,
6
2
7
4
,
9
3
0
,
1
1
5
8
4
,
8
6
8
,
2
0
6
7
,
8
3
1
,
4
9
3
6
,
5
9
9
,
4
0
0
0
,
0
0
0
,
1
6
9
3
,
4
7
8
,
5
3
4
7
,
0
6
4
,
6
5
6
9
,
0
6
3
,
3
1
7
5
4
,
0
6
3
,
1
7
3
2
,
5
0
6
,
5
9
9
0
,
6
8
8
,
9
1
2
5
6
,
5
8
9
,
9
6
4
4
,
7
2
7
,
9
0
0
0
,
0
7
7
,
1
1
5
8
,
4
8
7
0
0
0
,
4
2
3
,
4
0
9
2
,
6
7
2
,
3
0
8
6
,
8
8
8
,
6
7
4
2
,
0
2
1
,
2
9
0
9
,
5
8
1
,
1
8
7
7
,
9
5
2
,
9
0
0
0
,
0
0
1
,
1
0
0
0
,
0
0
9
,
2
1
4
1
8
,
7
4
2
,
7
0
0
0
,
2
5
5
,
2
5
6
6
,
9
5
1
,
1
1
0
5
2
,
5
5
6
,
4
3
3
7
,
9
9
2
,
1
6
3
9
,
0
1
4
,
1
—
5
3
0
,
1
1
9
8
,
2
4
5
2
1
,
9
0
3
7
1
9
,
4
7
6
,
1
1
4
6
4
,
8
4
7
,
4
0
5
5
,
8
4
2
1
6
7
,
7
3
)
0
3
6
,
5
3
1
(
4
2
7
,
9
0
5
,
5
4
6
1
,
9
1
0
6
8
,
9
7
6
)
1
7
5
,
0
1
1
(
—
6
8
6
,
7
2
1
1
7
,
4
6
5
)
3
7
8
,
5
3
1
(
)
3
4
3
,
3
4
6
,
7
(
—
3
7
9
,
8
3
8
,
6
0
3
9
,
7
4
8
,
3
9
9
6
,
1
0
7
,
7
—
—
—
9
2
9
,
6
4
2
)
6
7
8
,
5
2
1
(
—
—
7
8
9
,
3
0
5
6
2
3
,
7
3
3
,
7
1
1
9
2
,
6
8
6
,
1
1
1
8
3
,
6
9
4
,
5
3
2
3
6
,
0
1
4
,
6
1
9
0
5
,
6
2
1
,
4
3
4
9
,
9
6
2
,
1
2
6
4
0
,
2
0
8
,
9
0
3
4
,
3
2
3
,
1
1
3
8
6
,
5
0
4
,
3
2
7
5
,
4
9
7
5
5
,
2
8
9
,
9
1
8
4
5
,
0
5
0
,
6
0
9
1
,
6
7
4
,
3
2
3
5
1
,
3
6
8
,
5
2
3
5
4
,
3
7
3
,
3
5
7
2
1
,
5
5
0
,
3
7
4
3
,
9
8
2
,
3
1
9
1
9
,
4
3
5
,
6
4
4
2
5
,
4
3
5
,
0
3
0
9
3
,
8
7
7
,
4
2
6
3
1
,
0
7
4
,
7
8
0
5
,
2
6
7
,
1
1
0
8
,
0
4
7
,
9
1
8
7
8
,
4
6
8
,
7
5
6
9
,
9
5
2
,
5
3
5
5
3
,
1
6
7
,
4
9
4
1
,
3
6
6
,
2
8
2
1
,
7
2
5
,
5
1
6
8
0
,
9
5
1
,
2
2
2
4
8
,
4
7
5
,
0
4
0
7
4
,
2
9
7
,
3
1
8
5
1
,
5
6
9
,
6
4
5
4
,
2
7
0
,
0
2
0
3
0
,
7
7
7
,
9
1
0
6
7
,
8
1
9
,
2
5
8
4
,
8
6
1
,
3
9
7
7
,
6
0
3
,
3
3
6
7
,
1
5
9
,
8
1
5
9
5
,
8
1
3
,
9
1
4
4
,
6
8
7
,
6
7
7
6
,
6
4
0
,
8
0
0
0
,
5
1
9
,
2
9
1
0
,
0
6
0
,
6
0
0
0
,
0
0
0
,
5
1
5
4
6
,
3
4
0
,
0
3
7
1
0
,
1
0
1
,
4
6
2
7
,
5
1
0
,
2
1
0
5
,
4
2
3
,
5
1
4
3
,
0
5
4
,
2
0
0
0
,
8
2
2
,
1
5
3
6
,
2
0
7
,
8
0
6
7
,
8
3
1
,
4
9
3
6
,
5
9
9
,
4
0
0
0
,
0
0
0
,
1
6
9
3
,
4
7
8
,
5
3
4
7
,
0
6
4
,
6
5
6
9
,
0
6
3
,
3
1
7
5
4
,
0
6
3
,
1
0
0
0
,
0
0
6
,
5
9
9
0
,
6
8
8
,
9
1
0
1
8
,
5
7
9
,
9
6
4
4
,
7
2
7
,
9
0
0
0
,
0
7
7
,
1
1
5
8
,
4
8
7
0
0
0
,
4
2
3
,
4
2
1
2
,
2
7
2
,
3
1
4
7
,
6
1
8
,
8
7
4
2
,
0
2
1
,
2
9
0
9
,
5
8
1
,
1
8
7
7
,
9
5
2
,
9
0
0
0
,
0
0
1
,
1
0
0
0
,
0
0
9
,
2
1
5
8
5
,
4
5
8
,
5
0
0
0
,
2
5
5
,
2
5
6
6
,
9
5
1
,
1
1
0
5
2
,
5
5
6
,
4
3
3
7
,
9
9
2
,
1
6
3
9
,
0
1
4
,
1
S
L
L
A
M
O
T
U
A
R
E
L
D
N
A
H
C
-
I
D
K
E
R
A
U
Q
S
N
N
E
L
G
-
I
D
K
E
V
O
R
G
E
H
T
-
I
D
K
I
E
G
A
R
M
L
E
-
V
E
D
R
E
T
N
E
C
R
E
W
O
P
A
N
A
I
R
A
M
A
N
A
-
I
D
K
H
C
N
A
R
N
O
Y
N
A
C
.
-
N
K
A
E
P
E
L
C
A
N
I
P
R
E
T
N
E
C
L
I
A
T
E
R
E
T
N
A
S
A
-
I
D
K
H
T
R
O
N
A
Z
A
L
P
N
E
D
Y
A
H
E
R
A
U
Q
S
O
R
T
E
M
O
C
T
S
O
C
,
X
I
N
E
O
H
P
X
I
N
E
O
H
P
Z
A
.
C
N
I
,
9
7
6
A
S
E
M
O
C
M
K
I
R
E
T
N
E
C
N
W
O
T
I
V
A
L
A
T
S
N
O
I
L
L
I
V
A
P
A
S
E
M
W
E
I
V
R
E
V
I
R
A
S
E
M
O
C
T
S
O
C
,
A
R
B
M
A
H
L
A
I
I
E
S
I
R
P
R
U
S
-
V
E
D
145
R
E
T
N
E
C
N
W
O
T
P
M
A
C
S
’
L
E
G
N
A
O
C
T
S
O
C
,
S
L
L
I
H
A
N
O
R
O
C
O
C
T
S
O
C
,
A
T
S
I
V
A
L
U
H
C
A
Z
A
L
P
N
O
S
I
D
A
M
E
C
A
L
P
T
E
K
R
A
M
E
U
N
E
V
A
T
S
A
E
C
S
E
G
A
L
L
I
V
D
N
A
B
A
L
E
G
A
L
L
I
V
O
N
I
T
R
E
P
U
C
S
D
A
O
R
S
S
O
R
C
O
C
I
H
C
E
C
A
L
P
T
E
K
R
A
M
S
L
L
I
H
A
N
O
R
O
C
E
G
A
L
L
I
V
E
V
O
R
G
K
L
E
A
Z
A
L
P
N
A
M
R
E
T
A
W
R
E
T
N
E
C
G
N
I
P
P
O
H
S
K
R
A
P
R
E
V
I
R
R
E
T
N
E
C
Y
R
T
N
U
O
C
D
L
O
G
R
T
C
G
N
I
P
P
O
H
S
H
T
R
O
N
E
T
I
M
E
S
O
Y
R
E
T
N
E
C
E
R
T
A
E
H
T
A
D
A
R
M
A
L
I
E
C
A
L
P
T
E
K
R
A
M
A
P
A
N
H
T
U
O
S
E
R
A
U
Q
S
N
O
I
N
U
S
’
Y
E
L
A
R
.
.
C
S
R
I
A
F
O
T
A
V
O
N
E
G
D
I
R
H
T
R
O
N
I
D
A
Z
A
L
P
E
R
T
N
E
C
Y
T
I
C
Y
A
W
O
P
H
C
N
A
R
D
R
O
F
N
A
T
S
Y
T
I
C
D
O
O
W
D
E
R
O
G
E
I
D
N
A
S
O
H
C
N
A
R
A
Z
A
L
P
T
N
I
O
P
H
T
R
O
N
R
T
C
G
N
I
P
P
O
H
S
F
F
U
L
B
D
E
R
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
)
A
(
8
0
0
2
)
A
(
9
9
9
1
)
A
(
8
9
9
1
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
9
0
0
2
)
A
(
7
0
0
2
)
A
(
9
0
0
2
)
A
(
6
0
0
2
)
A
(
9
0
0
2
)
A
(
2
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
0
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
5
0
0
2
)
A
(
8
9
9
1
)
A
(
3
9
9
1
)
A
(
3
0
0
2
)
C
(
9
7
9
1
)
A
(
5
9
9
1
)
A
(
9
0
0
2
)
A
(
2
9
9
1
)
A
(
8
9
9
1
)
A
(
5
0
0
2
)
A
(
9
0
0
2
)
A
(
4
9
9
1
)
A
(
7
9
9
1
)
A
(
5
0
0
2
)
A
(
7
0
0
2
)
C
(
1
7
9
1
)
C
(
8
6
9
1
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
9
9
1
)
C
(
3
0
0
2
)
C
(
5
0
0
2
)
A
(
9
0
0
2
)
A
(
6
9
9
1
)
C
(
8
6
9
1
5
6
3
,
7
7
8
,
6
S
E
C
N
A
R
B
M
U
C
N
E
5
3
4
,
0
4
4
,
6
1
2
1
0
,
4
9
3
,
5
2
4
1
8
,
8
2
8
,
3
5
7
9
,
3
9
3
,
2
9
5
5
,
7
8
3
7
2
6
,
9
3
9
,
3
2
8
2
5
,
8
4
3
,
3
6
3
8
0
,
8
8
3
,
4
1
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
G
N
I
D
L
I
U
B
&
2
3
2
,
6
4
8
,
8
1
2
3
,
0
2
7
,
3
1
5
2
1
,
4
5
4
,
7
1
5
0
2
,
1
7
2
,
6
3
4
4
9
,
4
3
9
,
5
1
0
2
8
,
9
5
2
,
7
3
4
7
0
,
7
8
8
,
8
8
2
2
,
9
6
4
,
6
3
2
4
3
,
4
1
0
,
9
5
9
5
,
1
9
1
,
4
1
0
9
9
,
6
9
4
,
7
3
7
1
0
,
0
8
3
,
6
2
6
3
,
7
8
5
,
5
1
1
4
8
,
0
9
4
,
5
5
1
6
4
9
,
0
1
4
,
3
1
0
2
6
,
4
8
6
,
4
7
3
9
,
8
0
2
,
6
3
7
5
,
6
4
6
,
6
2
8
4
,
0
1
6
6
4
2
,
7
1
2
,
3
6
1
3
,
7
7
4
,
8
5
7
5
,
4
0
9
,
5
7
5
8
,
7
8
7
,
2
2
4
1
7
,
5
4
7
,
1
3
1
2
,
7
7
9
,
9
2
6
8
8
,
9
7
2
2
3
,
8
1
1
,
8
4
5
3
,
8
8
1
,
5
4
2
2
,
2
1
8
,
1
5
1
3
,
1
5
7
3
9
1
,
9
8
8
,
2
0
4
6
,
9
6
6
,
1
1
3
3
0
,
1
7
3
,
1
2
6
1
,
2
2
0
,
1
9
6
9
,
6
6
7
,
4
5
9
0
,
5
4
5
,
6
3
7
0
,
3
4
0
,
7
1
1
7
6
,
9
7
1
,
4
8
8
9
,
7
4
4
,
2
6
8
1
,
6
7
4
,
4
9
3
9
,
5
6
9
,
4
4
9
0
4
,
0
7
7
,
8
3
1
8
8
0
,
7
8
3
,
8
2
0
5
1
,
4
9
8
,
9
8
5
7
,
0
3
9
,
5
1
2
7
2
,
5
4
2
,
6
7
8
5
0
,
3
3
0
,
1
4
8
9
,
4
4
3
,
2
8
4
2
,
4
6
0
,
2
5
3
4
,
3
1
0
,
2
4
2
9
,
8
1
6
,
3
6
9
4
,
3
8
4
,
5
3
4
8
,
9
3
1
5
8
3
,
1
8
4
5
5
,
2
3
2
1
3
0
,
3
7
2
1
7
,
4
9
8
,
1
7
4
1
,
7
7
7
,
7
6
6
6
,
9
5
8
,
0
1
4
4
2
,
9
3
3
,
7
1
2
2
6
,
7
3
9
,
2
2
8
4
0
,
1
1
4
,
6
3
9
2
3
,
6
1
0
,
6
1
4
7
3
,
2
9
4
,
7
3
7
8
7
,
1
8
7
,
0
1
4
7
3
,
7
8
0
,
9
5
7
3
,
6
4
2
,
4
4
4
6
7
,
9
9
3
,
2
9
5
3
,
1
9
5
,
6
1
1
9
8
,
3
9
1
8
8
,
0
9
5
,
7
3
6
7
0
,
3
9
4
,
4
3
9
0
,
3
7
8
,
0
1
8
3
6
,
7
6
0
0
0
,
5
5
6
,
5
1
8
8
1
,
2
8
7
,
6
1
9
2
0
,
3
7
2
,
2
7
1
7
6
5
,
0
4
2
,
3
8
0
4
,
6
6
4
,
1
0
6
2
,
7
5
0
,
2
8
9
7
,
7
8
7
,
1
8
6
6
,
7
9
1
3
5
9
,
9
2
0
,
1
6
6
0
,
1
0
0
,
2
0
2
4
,
4
1
9
,
1
6
2
2
,
7
2
0
,
7
6
5
4
,
5
8
7
3
0
,
4
3
2
,
9
4
7
4
,
3
5
8
,
3
1
2
2
,
2
3
8
3
,
3
0
7
2
4
6
,
5
8
1
,
3
—
9
2
7
,
0
9
6
,
1
9
7
0
,
3
4
7
,
3
—
1
5
8
,
9
5
8
0
3
,
6
2
1
,
2
6
2
0
,
5
5
1
,
2
9
6
4
,
7
0
1
,
2
7
4
2
,
7
9
5
9
6
,
6
0
1
,
2
4
6
9
,
2
9
3
,
2
4
9
7
,
9
1
2
8
4
0
,
2
4
5
2
7
8
,
2
5
1
2
1
5
,
1
5
6
,
6
1
7
2
0
,
1
5
1
,
6
7
9
1
,
6
6
2
,
8
1
7
3
,
4
3
4
,
8
0
5
1
,
8
0
8
9
9
1
,
7
4
2
,
4
2
8
3
,
8
7
4
,
0
1
5
9
9
,
8
1
8
,
7
4
8
0
,
5
1
8
,
9
2
0
7
1
,
1
3
8
,
1
0
5
2
,
1
1
2
,
9
3
6
9
7
,
1
7
9
,
1
1
5
7
5
,
0
9
1
,
5
8
2
5
,
5
6
2
,
3
7
0
6
,
5
1
5
,
2
5
1
3
,
1
5
7
2
2
9
,
9
7
5
,
4
9
1
7
,
2
1
4
,
5
1
5
8
8
,
0
3
4
,
1
2
6
1
,
2
2
0
,
1
7
7
2
,
3
9
8
,
6
2
2
1
,
0
0
7
,
8
2
4
5
,
0
5
1
,
9
1
8
1
9
,
6
7
2
,
4
2
8
6
,
4
5
5
,
4
9
4
1
,
9
6
8
,
6
3
3
7
,
5
8
1
,
5
4
7
5
4
,
2
1
3
,
9
3
1
0
6
9
,
9
3
5
,
8
2
2
0
1
,
2
9
6
,
2
2
5
2
,
6
8
5
,
2
1
—
—
1
2
0
,
6
7
1
9
3
9
,
2
6
4
8
9
9
,
8
4
9
,
3
9
7
7
,
6
0
1
,
6
1
2
7
2
,
5
4
2
,
6
7
8
5
0
,
3
3
0
,
1
3
2
9
,
7
0
8
,
2
6
4
2
,
3
1
0
,
6
9
3
7
,
4
3
8
,
7
0
2
5
,
5
3
9
,
3
1
7
5
2
,
5
4
3
,
8
1
8
4
0
,
9
1
3
,
0
2
9
2
7
,
3
9
6
,
0
1
4
7
8
,
8
5
2
,
9
2
8
6
7
,
5
1
8
,
7
5
7
3
,
6
4
9
,
8
2
1
4
0
,
7
6
5
,
5
4
4
3
,
3
1
9
,
1
1
7
1
4
,
0
0
2
,
5
2
3
9
0
,
3
3
7
,
8
4
0
6
,
3
8
7
,
7
3
2
7
,
8
9
0
,
6
5
1
9
4
0
,
7
5
4
,
4
1
0
1
7
,
2
0
0
,
5
9
2
6
,
5
6
7
,
6
1
1
1
,
1
1
0
,
7
3
8
9
,
6
4
6
2
6
3
,
1
4
4
,
3
6
8
8
,
4
2
2
,
9
9
1
4
,
2
9
2
,
6
5
1
1
,
9
0
0
,
4
2
7
5
4
,
7
9
3
,
1
2
8
2
,
6
0
5
,
1
3
—
8
1
7
,
8
1
7
,
9
1
0
2
,
6
6
1
,
2
8
2
5
,
5
6
2
,
3
1
1
8
,
6
7
9
,
1
7
4
0
,
6
4
8
,
3
9
1
7
,
1
1
5
,
2
1
9
5
8
,
3
0
9
0
3
7
,
7
1
8
7
7
2
,
3
8
1
,
6
2
2
1
,
1
5
0
,
7
8
8
5
,
4
3
8
,
3
1
0
8
9
,
1
0
1
,
2
1
0
8
,
6
4
5
,
3
9
4
1
,
4
4
6
,
6
3
7
9
,
6
2
9
,
0
3
5
3
6
,
6
1
1
,
0
9
0
6
4
,
7
4
7
,
1
2
2
5
2
,
6
7
1
,
0
1
3
6
5
,
8
6
9
,
4
1
6
6
9
,
9
1
0
,
3
4
—
7
8
3
,
9
7
4
,
1
5
2
8
,
0
7
6
,
5
7
2
9
,
4
2
0
,
3
4
2
7
,
3
0
4
,
3
4
6
3
,
2
9
5
,
4
D
N
A
L
0
0
0
,
2
9
0
,
6
1
0
0
6
,
2
2
3
,
5
0
0
5
,
3
3
2
,
8
8
1
0
,
6
6
9
,
2
3
3
3
,
0
2
5
,
3
5
1
0
,
8
7
6
,
4
0
0
0
,
0
0
3
,
5
1
4
6
4
,
0
9
3
,
2
1
0
0
0
,
0
4
1
,
2
6
9
3
,
1
7
8
,
7
7
0
3
,
4
7
1
,
6
1
3
6
4
,
4
9
1
,
2
7
1
3
,
8
4
1
,
1
8
6
5
,
0
0
5
,
1
0
6
2
,
3
2
4
,
1
7
6
1
,
1
6
1
7
3
8
,
5
0
8
7
9
4
,
3
5
2
,
1
6
7
5
,
6
2
5
,
1
9
6
9
,
5
0
8
,
5
3
1
7
,
3
3
4
8
6
9
,
4
0
7
,
7
8
7
0
,
3
5
2
,
2
5
7
3
,
4
2
0
,
3
—
6
9
7
,
8
3
5
5
1
3
,
1
5
7
5
7
8
,
3
3
7
6
2
0
,
7
2
5
2
3
4
,
4
0
2
0
0
0
,
0
1
7
0
0
0
,
1
0
9
,
2
0
0
0
,
9
4
6
,
1
5
5
9
,
5
1
3
,
5
8
3
9
,
4
7
1
,
2
2
8
8
,
7
0
0
,
1
0
0
0
,
5
2
2
0
6
7
,
8
5
2
,
4
1
3
2
8
,
5
9
1
,
9
4
0
0
5
,
2
9
7
,
6
0
0
0
,
0
1
4
,
2
6
1
2
,
8
3
1
,
1
6
0
3
,
5
2
2
,
3
3
8
5
0
,
3
3
0
,
1
6
3
5
,
8
2
3
,
1
0
2
4
,
2
4
3
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
T
S
O
C
L
A
I
T
I
N
I
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
—
—
—
—
4
4
4
,
7
2
1
2
6
,
9
0
3
9
5
0
,
5
9
8
7
9
3
,
2
8
3
,
3
—
—
—
—
0
4
3
,
7
7
4
1
6
1
,
0
8
2
,
1
9
2
6
0
,
1
7
5
,
5
1
6
4
,
4
9
3
6
2
5
,
5
8
5
8
9
2
,
2
9
2
,
1
—
2
1
7
,
8
0
2
8
0
6
,
9
9
5
,
1
5
4
3
,
8
6
1
1
9
0
,
1
6
6
7
5
6
,
5
8
1
2
4
6
,
8
0
7
6
0
7
,
1
0
7
6
8
8
,
9
7
6
9
0
,
1
0
0
,
5
)
0
6
8
,
8
3
3
,
1
(
—
6
4
5
,
0
1
7
,
1
—
4
6
7
,
2
7
7
7
0
6
,
8
3
1
0
7
3
,
0
4
3
,
3
1
2
8
,
4
2
4
0
2
1
,
5
0
3
,
1
)
4
9
4
,
9
6
2
(
6
0
0
,
3
2
6
,
2
9
4
1
,
2
4
7
,
5
—
—
—
—
1
9
0
,
5
0
5
9
7
7
,
6
0
5
,
8
6
2
7
,
0
6
2
,
9
4
)
5
6
2
,
7
1
8
,
3
(
1
8
1
,
4
5
2
,
3
9
3
3
,
1
1
8
,
7
9
9
8
,
5
2
6
,
3
1
7
5
2
,
5
4
3
,
8
1
8
4
0
,
9
1
3
,
0
2
9
2
7
,
3
9
6
,
0
1
4
7
8
,
8
5
2
,
9
2
0
1
7
,
0
2
9
,
6
8
7
9
,
3
6
5
,
5
2
1
4
0
,
7
6
5
,
5
4
4
3
,
3
1
9
,
1
1
7
1
4
,
0
0
2
,
5
2
3
5
7
,
5
5
2
,
8
4
0
6
,
3
8
7
,
7
2
6
5
,
8
1
8
,
4
6
7
8
9
,
5
8
8
,
8
9
4
2
,
8
0
6
,
4
3
0
1
,
0
8
1
,
6
3
1
8
,
8
1
7
,
5
3
8
9
,
6
4
6
0
5
6
,
2
3
2
,
3
8
7
2
,
5
2
6
,
7
4
7
0
,
4
2
1
,
6
4
2
0
,
8
4
3
,
3
2
0
0
8
,
1
1
2
,
1
0
4
6
,
7
9
7
,
0
3
—
8
3
7
,
6
6
2
1
0
,
7
1
0
,
9
2
4
6
,
5
8
1
,
3
4
7
5
,
3
8
0
,
3
1
0
5
,
5
9
2
,
2
5
5
9
,
8
3
7
,
1
1
2
5
2
,
5
6
7
0
3
7
,
7
1
8
7
0
9
,
2
4
8
,
2
1
0
3
,
6
2
6
,
6
7
6
4
,
9
2
5
,
2
1
6
6
4
,
8
1
9
0
0
0
,
0
4
4
,
1
0
0
0
,
2
0
9
3
7
9
,
6
2
9
,
0
3
5
3
6
,
6
1
1
,
0
9
0
6
4
,
7
4
7
,
1
2
0
6
1
,
1
7
6
,
9
—
—
—
2
5
6
,
6
9
2
,
5
5
4
6
,
6
1
4
,
2
3
8
8
,
0
2
0
,
3
4
2
7
,
3
0
4
,
3
4
6
3
,
2
9
5
,
4
0
0
0
,
2
9
0
,
6
1
0
0
6
,
2
2
3
,
5
0
0
5
,
3
3
2
,
8
8
1
0
,
6
6
9
,
2
3
3
3
,
0
2
5
,
3
5
1
0
,
8
7
6
,
4
0
0
0
,
0
0
3
,
5
1
4
6
4
,
0
9
3
,
2
1
0
0
0
,
0
4
1
,
2
6
9
3
,
1
7
8
,
7
7
0
3
,
4
7
1
,
6
1
3
6
4
,
4
9
1
,
2
7
1
3
,
8
4
1
,
1
8
6
5
,
0
0
5
,
1
0
6
2
,
3
2
4
,
1
7
6
1
,
1
6
1
7
3
8
,
5
0
8
7
9
4
,
3
5
2
,
1
6
7
5
,
6
2
5
,
1
9
6
9
,
5
0
8
,
5
3
1
7
,
3
3
4
8
6
9
,
4
0
7
,
7
8
7
0
,
3
5
2
,
2
1
4
7
,
2
2
1
—
3
9
8
,
0
7
7
5
1
3
,
1
5
7
5
7
8
,
3
7
5
6
2
0
,
7
2
5
2
3
4
,
4
0
2
0
0
0
,
0
1
7
0
0
0
,
1
0
9
,
2
0
0
0
,
9
4
6
,
1
5
5
9
,
5
1
3
,
5
6
4
9
,
7
2
6
,
3
6
7
6
,
1
9
4
0
0
0
,
5
2
2
0
6
7
,
8
5
2
,
4
1
3
2
8
,
5
9
1
,
9
4
0
0
5
,
2
9
7
,
6
0
0
0
,
0
1
4
,
2
0
0
0
,
0
0
6
,
7
6
4
5
,
4
8
9
,
6
2
8
5
0
,
3
3
0
,
1
6
3
5
,
8
2
3
,
1
0
2
4
,
2
4
3
V
L
B
A
N
E
R
O
M
5
0
6
4
&
9
4
6
4
/
O
G
E
I
D
N
A
S
N
I
A
T
N
U
O
M
L
E
M
R
A
C
O
G
E
I
/
D
N
A
S
T
O
P
E
D
E
M
O
H
,
A
N
A
A
T
N
A
S
T
E
E
R
T
S
R
E
L
Y
T
E
R
T
N
E
C
E
H
T
L
I
-
A
T
E
R
R
E
T
N
E
C
N
W
O
T
K
W
A
H
D
E
R
E
G
A
L
L
I
V
N
I
A
T
N
U
O
M
K
C
A
L
B
R
E
T
N
E
C
G
N
I
P
P
O
H
S
E
K
A
L
T
S
E
W
S
D
A
O
R
S
S
O
R
C
E
E
K
C
U
R
T
E
C
A
L
P
K
R
A
P
O
D
A
R
O
L
O
C
K
E
E
R
C
G
N
I
R
P
S
T
E
E
R
T
S
H
T
8
3
T
S
E
W
R
E
V
N
E
D
R
O
M
R
A
H
P
D
O
O
W
E
L
G
N
E
K
R
A
P
E
H
T
N
O
E
G
A
L
L
I
V
K
N
A
B
T
S
A
E
A
R
O
R
U
A
Y
C
N
I
U
Q
A
R
O
R
U
A
T
S
E
W
E
G
A
T
I
R
E
H
S
N
I
L
L
O
C
T
R
O
F
R
E
T
N
E
C
G
N
I
P
P
O
H
S
M
R
A
F
T
S
E
W
T
O
P
E
D
E
M
O
H
,
N
E
V
A
H
N
.
A
Z
A
L
P
N
O
T
G
N
M
R
A
F
I
E
C
A
L
P
T
E
K
R
A
M
N
O
T
L
U
F
T
S
A
E
R
E
T
N
E
C
E
N
W
O
T
G
N
I
S
S
O
R
C
A
T
R
E
V
L
E
C
S
D
L
O
G
I
R
A
M
S
G
N
I
R
P
S
E
T
N
O
M
A
T
L
A
E
L
A
D
N
R
U
B
U
A
N
O
T
A
R
A
C
O
B
Y
R
U
B
R
E
T
A
W
E
R
E
M
S
L
E
R
E
V
O
D
L
F
N
O
T
N
E
D
A
R
B
,
S
N
E
D
R
A
G
E
R
O
H
S
Y
A
B
L
E
M
R
A
C
.
T
M
@
S
E
P
P
O
H
S
A
Z
A
L
P
N
O
T
N
E
D
A
R
B
.
.
C
S
G
N
I
S
S
O
R
C
W
E
L
R
U
C
S
G
N
I
R
P
S
L
A
R
O
C
S
G
N
I
R
P
S
L
A
R
O
C
L
F
R
E
T
A
W
R
A
E
L
C
O
D
N
A
L
R
O
T
S
A
E
K
R
A
P
N
R
E
F
146
/
K
E
E
R
C
S
S
E
R
P
Y
C
E
L
A
D
R
E
D
U
A
L
T
F
.
-
1
G
D
L
B
R
T
C
S
S
E
N
I
S
U
B
D
O
O
W
K
A
O
H
T
R
O
N
A
Z
A
L
P
D
O
O
W
K
A
O
A
Z
A
L
P
Y
C
N
E
G
E
R
E
S
R
U
O
C
N
O
C
A
I
L
E
M
A
T
A
S
E
P
P
O
H
S
S
E
G
D
O
H
&
S
E
H
C
A
E
B
S
K
L
A
W
S
E
U
N
E
V
A
E
E
M
M
I
S
S
I
K
S
E
K
A
L
E
L
A
D
R
E
D
U
A
L
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
)
A
(
1
0
0
2
)
C
(
8
6
9
1
)
C
(
9
6
9
1
)
A
(
2
9
9
1
)
C
(
4
7
9
1
)
A
(
6
0
0
2
)
A
(
9
0
0
2
)
C
(
8
6
9
1
)
C
(
8
6
9
1
)
A
(
5
8
9
1
)
A
(
6
8
9
1
)
A
(
3
9
9
1
)
A
(
7
9
9
1
)
A
(
9
0
0
2
)
C
(
5
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
5
9
9
1
)
A
(
8
0
0
2
)
A
(
8
9
9
1
)
A
(
4
9
9
1
)
A
(
6
9
9
1
)
A
(
7
9
9
1
)
A
(
9
0
0
2
)
C
(
8
6
9
1
)
A
(
7
0
0
2
)
A
(
9
0
0
2
)
C
(
8
6
9
1
)
A
(
8
0
0
2
)
A
(
9
8
9
1
)
A
(
9
8
9
1
)
A
(
4
9
9
1
)
A
(
5
9
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
4
0
0
2
)
A
(
5
9
9
1
)
A
(
8
9
9
1
)
A
(
9
0
0
2
)
A
(
5
9
9
1
)
A
(
8
0
0
2
)
A
(
8
0
0
2
)
A
(
3
9
9
1
)
A
(
5
9
9
1
)
A
(
8
0
0
2
)
A
(
6
0
0
2
)
A
(
6
9
9
1
)
C
(
6
0
0
2
)
A
(
9
9
9
1
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
5
1
4
,
4
8
3
,
1
1
8
6
3
,
5
6
4
,
6
5
6
3
,
7
1
3
,
9
2
4
2
0
,
6
9
8
2
3
9
,
9
6
5
2
2
,
9
6
2
,
9
5
3
4
,
8
4
1
,
8
4
9
6
,
1
3
9
,
7
2
5
0
,
1
0
6
6
9
8
,
5
9
2
,
2
1
5
9
,
9
1
8
3
1
1
,
4
7
6
,
8
9
4
2
,
4
6
3
,
2
0
8
2
,
5
3
5
,
2
1
7
3
6
,
0
6
1
,
4
2
9
6
,
2
5
4
,
0
6
1
6
5
,
0
6
9
,
7
1
3
9
5
,
5
7
2
,
1
5
7
4
,
7
0
6
,
6
2
8
4
0
,
1
0
2
,
0
0
1
3
0
1
,
3
2
7
,
5
1
3
8
6
,
1
8
0
,
1
3
7
5
6
,
9
7
7
,
9
2
5
6
1
,
0
7
3
,
2
9
7
9
,
4
3
6
,
5
7
1
2
,
8
9
7
,
0
7
9
5
1
,
3
8
8
,
6
3
3
1
6
,
7
5
7
,
1
1
1
4
0
,
9
5
3
,
4
7
9
3
,
6
9
4
,
4
1
6
4
9
,
6
7
5
,
1
3
1
9
7
,
9
9
0
,
1
9
1
2
,
6
2
3
,
2
6
6
4
,
9
6
7
,
3
1
8
1
4
,
2
3
9
5
0
5
,
2
5
2
,
1
4
8
1
,
6
6
6
,
5
0
5
0
,
3
9
3
,
9
5
0
1
,
7
1
8
,
7
1
8
8
,
9
2
5
,
6
0
9
9
,
2
8
9
,
8
1
0
1
4
,
8
8
4
,
9
3
1
4
,
2
8
8
,
1
2
9
7
9
,
4
9
0
,
3
6
8
4
,
9
5
7
,
1
1
2
8
8
,
2
5
0
,
1
4
6
4
6
,
1
8
0
,
7
9
0
1
,
8
3
1
,
4
2
6
4
0
,
3
4
7
,
7
4
6
7
8
,
0
4
6
,
7
2
0
9
,
8
9
9
,
6
0
8
8
,
4
1
3
,
5
4
4
2
4
,
1
2
2
,
7
0
0
2
,
8
8
7
,
1
2
8
1
,
0
7
7
,
0
3
5
0
3
,
6
6
5
,
9
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
G
N
I
D
L
I
U
B
&
9
0
6
,
7
5
5
,
2
0
7
7
,
0
1
8
,
1
5
5
3
,
5
9
2
5
2
8
,
0
8
6
,
6
4
9
6
,
9
3
9
,
7
9
8
9
,
2
2
2
,
1
—
9
0
5
,
5
5
6
,
2
4
1
2
,
2
0
8
,
1
1
3
7
,
1
8
9
,
6
9
6
8
,
8
1
2
,
5
2
8
7
,
1
2
0
,
6
0
9
4
,
6
3
3
,
1
—
7
8
9
,
4
0
3
1
8
5
,
8
8
1
5
3
0
,
9
1
8
,
7
2
1
0
,
0
3
0
,
2
8
3
7
,
2
1
8
,
1
5
2
0
,
2
4
9
,
3
1
7
8
2
,
5
6
3
5
9
7
,
6
0
7
,
2
0
5
0
,
0
5
9
,
5
1
9
2
1
,
8
8
0
,
6
1
2
8
6
,
4
5
1
,
9
2
5
0
,
1
0
6
5
0
4
,
1
5
9
,
4
5
6
1
,
2
2
6
,
2
4
4
8
,
5
5
6
,
5
1
7
1
1
,
3
8
5
,
7
2
6
0
,
7
5
5
,
8
1
7
2
1
,
7
9
4
,
5
9
7
6
,
7
5
7
,
0
6
2
4
1
,
9
4
1
,
8
1
3
9
5
,
5
7
2
,
1
3
8
0
,
0
2
0
,
8
0
1
1
9
9
,
4
6
6
,
7
5
5
9
,
0
1
6
,
2
7
9
0
5
,
1
5
8
,
3
1
8
6
6
,
4
3
7
,
0
5
2
2
1
,
1
7
5
,
5
0
0
3
,
3
7
6
,
1
6
8
8
,
0
3
0
,
4
6
4
3
,
5
7
2
4
5
8
,
8
1
7
,
1
—
9
9
2
,
5
5
6
6
6
,
1
3
9
3
1
1
,
2
3
9
,
1
4
0
1
,
3
1
1
,
4
3
1
9
,
6
9
0
,
8
5
7
2
,
0
0
6
,
3
3
5
3
,
5
2
7
,
2
6
1
4
,
9
5
2
,
5
1
1
8
,
4
8
6
,
2
6
7
3
,
2
0
7
,
3
5
5
7
,
9
2
1
,
1
4
0
3
,
1
0
9
,
3
8
4
6
,
1
4
1
0
5
3
,
7
6
6
,
2
8
3
4
,
6
0
0
,
3
3
5
3
,
9
7
5
,
3
6
9
3
,
0
5
0
,
4
7
0
8
,
3
1
2
,
1
5
9
9
,
9
7
8
,
3
9
2
0
,
7
4
4
,
4
5
2
4
,
4
1
7
—
5
3
7
,
8
2
3
,
7
1
1
4
3
,
2
3
0
,
6
3
8
2
,
7
2
5
,
8
1
2
9
2
,
2
5
8
,
1
3
5
4
6
,
8
1
8
,
2
9
1
2
,
6
2
3
,
2
5
6
7
,
4
2
8
,
3
1
1
7
1
,
4
8
1
,
2
1
3
5
,
4
6
8
,
2
8
8
2
,
9
7
7
,
9
3
6
9
,
9
8
4
,
7
1
1
8
3
,
7
1
4
,
1
1
4
3
2
,
5
5
2
,
9
7
0
4
,
2
4
2
,
4
2
1
2
2
,
3
7
1
,
2
1
0
9
7
,
4
8
5
,
5
2
4
3
7
,
4
2
2
,
4
0
9
7
,
0
6
6
,
5
1
0
3
5
,
4
9
1
,
1
4
6
9
9
,
8
4
7
,
9
6
4
5
,
4
4
1
,
7
2
9
9
3
,
2
2
3
,
1
5
2
7
2
,
1
9
6
,
1
1
9
0
7
,
2
1
2
,
8
6
7
8
,
4
9
1
,
9
4
3
5
4
,
8
6
6
,
1
1
6
2
6
,
2
0
5
,
2
2
8
1
,
0
7
7
,
0
3
7
2
6
,
8
3
3
,
2
2
3
9
,
4
0
9
,
1
1
8
0
2
,
1
6
3
,
1
1
7
8
2
,
5
6
3
9
0
1
,
3
1
4
,
2
4
5
7
,
7
1
1
,
3
1
6
8
6
,
3
1
3
,
4
1
6
3
4
,
8
4
5
,
6
—
5
0
4
,
1
5
9
,
4
2
7
2
,
6
5
2
,
2
0
3
9
,
2
2
9
,
4
1
6
3
0
,
5
4
4
,
6
2
3
5
,
8
0
6
,
5
1
7
2
1
,
6
8
4
,
4
8
1
2
,
6
6
2
,
2
4
8
5
3
,
5
9
9
,
0
1
—
3
0
1
,
7
5
8
,
1
8
2
7
8
,
2
9
4
,
6
5
5
9
,
0
1
6
,
2
7
1
1
9
,
1
1
6
,
1
4
9
2
0
,
6
3
2
,
4
1
0
1
3
,
2
5
4
,
5
3
8
2
,
7
4
5
,
6
1
2
9
2
,
1
4
1
,
4
2
6
1
0
,
6
0
7
6
7
4
,
1
2
7
,
2
2
1
8
,
9
5
0
,
1
1
1
7
1
,
4
8
1
,
2
0
7
5
,
9
0
6
,
2
3
6
7
,
9
7
3
,
8
0
3
2
,
7
5
6
,
5
1
4
0
7
,
7
0
3
,
9
4
9
7
,
4
7
9
,
7
1
6
9
,
1
2
0
,
9
1
0
9
8
,
0
8
9
,
9
6
5
7
,
7
1
5
,
0
2
8
3
8
,
3
7
6
,
3
0
9
7
,
0
6
4
,
3
1
0
3
5
,
4
8
6
,
4
2
2
3
4
,
6
6
2
,
8
4
8
6
,
6
5
2
,
2
2
5
7
8
,
3
6
1
,
3
3
2
0
0
,
9
3
6
,
9
4
5
4
,
0
6
5
,
7
3
1
6
,
3
9
7
,
5
3
5
4
7
,
1
6
2
,
8
1
0
1
,
2
0
0
,
2
7
2
4
,
0
3
5
,
8
2
2
0
6
,
4
8
1
,
0
1
6
8
6
,
3
9
2
6
1
8
,
0
8
5
,
2
D
N
A
L
—
6
9
2
,
2
3
8
,
2
3
4
4
,
4
7
7
,
1
6
4
2
,
6
0
6
,
2
2
5
0
,
1
0
6
—
3
9
8
,
5
6
3
4
1
9
,
2
3
7
2
8
0
,
8
3
1
,
1
0
3
5
,
8
4
9
,
2
0
0
0
,
1
1
0
,
1
1
6
4
,
1
9
4
,
8
1
4
8
7
,
3
5
1
,
7
3
9
5
,
5
7
2
,
1
0
8
9
,
2
6
1
,
6
2
9
1
1
,
2
7
1
,
1
—
8
5
7
,
2
2
1
,
9
6
0
7
,
2
9
0
,
3
0
3
0
,
0
8
5
0
0
0
,
0
8
9
,
1
0
0
0
,
1
1
7
,
7
9
6
1
,
7
9
3
0
2
,
0
2
6
,
1
3
5
9
,
4
6
7
,
2
—
1
6
9
,
4
5
2
5
2
5
,
9
9
3
,
1
2
3
7
,
2
3
8
,
1
7
7
6
,
9
0
1
,
2
0
4
4
,
0
8
2
,
1
5
4
4
,
0
2
2
,
5
1
3
3
,
2
9
1
,
2
3
3
0
,
7
6
0
,
5
6
9
8
,
0
5
5
0
0
0
,
0
0
2
,
2
0
0
0
,
0
1
5
,
6
1
4
6
5
,
2
8
4
,
1
2
6
8
,
7
8
8
,
4
4
2
5
,
8
5
1
,
8
1
5
5
2
,
2
5
6
0
7
2
,
2
5
0
,
2
2
6
2
,
1
0
4
,
3
1
7
0
7
,
6
0
4
,
3
5
2
5
,
0
0
5
5
5
7
,
9
3
2
,
2
0
3
3
,
0
2
7
,
1
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
T
S
O
C
L
A
I
T
I
N
I
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
8
1
1
,
5
9
9
0
9
9
,
0
2
6
,
1
1
5
6
,
3
9
1
9
6
5
,
8
8
7
,
1
1
8
9
,
2
8
4
,
2
1
—
9
1
9
,
4
4
9
5
0
4
,
7
9
1
,
3
0
0
1
,
7
0
2
,
1
0
7
4
,
2
4
8
,
0
1
8
0
7
,
2
9
8
,
1
2
1
4
,
4
5
8
,
3
7
3
2
,
3
2
4
—
2
4
3
,
4
2
6
,
0
1
—
1
6
0
,
0
2
1
,
1
1
3
1
,
4
9
0
,
3
5
8
6
,
1
7
4
,
4
6
1
4
,
9
8
0
,
5
5
0
2
,
5
6
8
,
1
9
2
4
,
3
0
2
,
3
9
9
7
,
9
1
6
,
8
—
—
6
1
0
,
6
0
7
4
3
0
,
7
4
8
,
1
1
1
8
,
6
6
2
,
1
5
0
1
,
1
8
7
,
1
4
4
3
,
2
6
3
,
3
0
7
9
,
3
3
1
,
6
1
8
3
,
2
9
8
9
6
9
,
0
4
8
,
2
4
3
7
,
7
3
1
,
2
2
3
7
,
6
0
2
,
1
4
4
2
,
5
8
6
,
8
4
7
8
,
4
7
3
,
1
9
4
2
,
1
3
6
,
4
—
3
6
4
,
4
1
7
1
3
8
,
5
6
1
0
1
3
,
8
3
3
,
2
4
2
0
,
6
0
4
,
1
2
3
9
,
3
4
9
,
4
—
6
5
7
,
8
8
6
6
8
3
,
8
9
5
0
9
0
,
6
6
3
,
0
1
9
1
1
,
2
9
7
6
3
6
,
1
7
1
5
8
1
,
9
2
3
,
1
1
5
1
4
,
2
0
6
,
2
1
8
6
,
3
3
5
,
6
—
0
0
0
,
4
5
7
,
1
2
7
1
,
9
4
0
,
1
0
6
4
,
0
8
0
,
4
7
2
3
,
2
5
5
,
4
0
2
1
,
4
5
7
,
1
1
0
9
8
,
2
6
0
,
4
8
1
2
,
6
6
2
,
2
4
—
—
1
4
0
,
7
3
7
,
0
8
4
0
9
,
6
4
6
,
3
1
7
2
,
9
3
1
,
8
6
3
7
8
,
0
4
5
,
6
3
4
2
8
,
0
7
3
,
2
1
2
1
1
,
8
6
2
,
2
4
8
4
,
7
2
9
,
7
2
9
2
,
1
4
1
,
4
2
—
2
4
4
,
4
7
8
2
1
8
,
9
5
0
,
1
1
0
6
3
,
7
1
9
5
6
4
,
8
2
8
4
4
5
,
3
3
1
,
5
1
6
2
,
3
2
5
,
9
3
2
3
,
5
1
4
,
8
5
2
8
,
3
3
1
,
5
8
2
2
,
4
8
8
,
6
1
8
5
1
,
4
7
7
,
8
9
1
1
,
3
4
8
,
1
1
4
6
9
,
8
9
2
,
2
1
4
5
,
9
2
8
,
8
0
3
5
,
4
8
6
,
4
2
2
2
1
,
8
2
9
,
5
4
2
4
,
9
4
5
,
1
2
4
1
5
,
9
0
0
,
3
3
8
7
9
,
2
3
2
,
8
2
2
5
,
6
1
6
,
2
2
8
8
,
5
1
1
,
5
3
0
6
3
,
3
6
6
,
7
1
0
1
,
2
0
0
,
2
5
3
5
,
6
5
7
,
7
2
—
8
0
3
,
8
6
2
,
3
4
9
2
,
6
1
9
,
6
6
8
6
,
3
9
2
6
1
8
,
0
8
5
,
2
—
6
9
2
,
2
3
8
,
2
3
3
7
,
2
0
0
,
1
2
8
0
,
6
7
6
,
1
2
5
0
,
1
0
6
—
3
9
8
,
5
6
3
4
1
9
,
2
3
7
2
8
0
,
8
3
1
,
1
0
3
5
,
8
4
9
,
2
0
0
0
,
1
1
0
,
1
1
6
4
,
1
9
4
,
8
1
0
0
8
,
4
2
5
,
7
3
9
5
,
5
7
2
,
1
0
8
9
,
2
6
1
,
6
2
—
6
5
9
,
3
2
9
9
7
3
,
4
0
1
,
9
6
0
7
,
2
9
0
,
3
0
0
8
,
0
6
5
0
0
0
,
0
8
9
,
1
0
0
0
,
1
1
7
,
7
9
6
1
,
7
9
3
0
2
,
0
2
6
,
1
3
5
9
,
4
6
7
,
2
—
1
6
9
,
4
5
2
0
0
4
,
3
8
2
,
1
2
3
7
,
2
3
8
,
1
7
7
6
,
9
0
1
,
2
0
4
4
,
0
8
2
,
1
5
4
4
,
0
2
2
,
5
1
3
3
,
2
9
1
,
2
6
2
4
,
6
5
0
,
5
6
9
8
,
0
5
5
0
0
0
,
0
0
2
,
2
0
0
0
,
0
1
5
,
6
1
4
6
5
,
2
8
4
,
1
9
5
6
,
0
8
8
,
4
4
5
0
,
7
4
1
,
8
1
5
5
2
,
2
5
6
0
7
2
,
2
5
0
,
2
8
3
2
,
0
9
3
,
3
1
7
0
7
,
6
0
4
,
3
5
2
5
,
0
0
5
7
4
6
,
3
1
0
,
3
0
3
3
,
0
2
7
,
1
K
L
A
W
S
T
N
A
H
C
R
E
M
Y
A
B
T
S
A
E
O
G
R
A
L
G
R
U
B
S
E
E
L
O
G
R
A
L
L
L
I
H
R
E
D
U
A
L
S
E
V
O
R
G
E
H
T
S
E
L
A
W
E
K
A
L
E
N
R
U
O
B
L
E
M
E
T
A
G
E
V
O
R
G
I
I
M
A
M
H
T
R
O
N
D
A
O
R
R
E
L
L
I
M
E
T
A
G
R
A
M
A
R
O
D
.
T
M
A
Z
A
L
P
S
E
K
A
L
E
L
A
D
N
E
K
G
N
I
S
S
O
R
C
N
O
I
T
A
T
N
A
L
P
R
E
T
N
E
C
E
C
N
A
S
S
I
A
N
E
R
K
R
A
P
R
E
L
G
A
L
F
L
F
,
N
O
T
L
I
M
O
D
N
A
L
R
O
.
.
C
S
O
D
O
S
E
K
A
L
D
N
A
S
O
D
N
A
L
R
O
A
L
A
C
O
I
I
E
S
A
H
P
A
Z
A
L
P
A
I
N
E
L
L
I
M
S
N
E
D
R
A
G
H
C
A
E
B
M
L
A
P
G
R
U
B
S
R
E
T
E
P
.
T
S
A
T
O
S
A
R
A
S
E
E
B
E
L
T
T
U
T
A
T
O
S
A
R
A
S
T
S
A
E
H
T
U
O
S
H
C
A
E
B
O
N
A
P
M
O
P
Z
E
L
A
Z
N
O
G
I
I
M
A
M
H
T
U
O
S
A
P
M
A
T
D
R
O
F
N
A
S
T
R
A
U
T
S
R
E
T
N
E
C
G
N
I
P
P
O
H
S
L
L
E
B
N
O
I
S
S
I
M
.
.
C
S
S
N
O
M
M
O
C
E
G
A
L
L
I
V
H
C
A
E
B
M
L
A
P
T
S
E
W
E
N
R
U
O
B
L
E
M
T
S
E
W
T
A
S
P
O
H
S
E
H
T
E
G
D
I
R
B
S
E
N
Y
A
H
T
A
T
E
K
R
A
M
A
Z
A
L
P
Y
R
T
N
U
O
C
S
S
O
R
C
A
T
S
U
G
U
A
R
E
T
N
E
C
G
N
I
P
P
O
H
S
E
L
A
D
H
T
U
O
S
G
N
I
S
S
O
R
C
O
R
T
E
M
-
I
D
K
E
G
A
L
L
I
V
Y
R
B
M
E
H
A
N
N
A
V
A
S
H
A
N
N
A
V
A
S
A
Z
A
L
P
M
A
H
T
A
H
C
R
E
T
N
E
C
I
E
H
I
K
E
V
I
L
C
147
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
)
A
(
6
9
9
1
)
A
(
7
9
9
1
)
A
(
6
9
9
1
)
C
(
5
0
0
2
)
A
(
8
9
9
1
)
C
(
2
7
9
1
)
A
(
8
9
9
1
)
A
(
6
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
8
0
0
2
)
A
(
8
0
0
2
)
A
(
8
9
9
1
)
A
(
9
9
9
1
)
A
(
7
9
9
1
)
C
(
2
7
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
6
9
9
1
)
A
(
5
0
0
2
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
8
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
3
0
0
2
)
A
(
8
0
0
2
)
A
(
5
0
0
2
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
5
0
0
2
)
A
(
5
9
9
1
)
C
(
0
7
9
1
)
A
(
7
9
9
1
)
C
(
1
7
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
0
6
2
,
9
2
5
,
3
1
5
7
9
,
6
3
0
,
1
1
6
7
9
,
6
5
6
,
6
5
6
5
,
2
7
1
8
3
3
,
4
4
3
,
2
8
6
0
,
2
6
7
,
1
4
4
5
,
8
4
0
,
5
1
9
5
,
1
8
0
,
1
6
4
3
,
5
2
1
,
1
1
6
4
,
7
6
2
,
0
1
9
0
5
,
1
1
6
,
7
5
3
6
,
4
5
6
,
3
9
8
0
,
0
2
4
,
2
1
4
5
8
,
9
7
0
,
5
1
3
6
,
3
6
7
,
1
9
7
6
,
1
0
6
,
1
1
4
9
,
2
4
9
,
9
6
9
0
,
4
3
5
,
9
1
2
9
,
8
2
2
,
4
3
2
1
,
6
9
3
,
3
1
0
0
0
,
8
3
0
,
8
1
3
9
,
7
9
2
,
5
6
5
6
,
6
0
0
,
2
1
5
7
,
9
3
8
,
3
6
0
9
,
3
1
6
3
1
2
,
0
3
7
2
6
4
,
2
2
4
8
9
0
,
7
6
9
,
7
5
5
1
,
8
3
0
,
0
1
6
2
7
,
5
3
7
4
0
5
,
3
6
3
,
5
3
3
5
,
9
5
8
,
4
1
2
3
7
,
2
2
8
,
2
6
3
6
,
7
1
7
,
9
3
7
8
,
1
1
1
,
1
7
1
5
,
3
3
8
,
1
2
1
5
3
,
2
8
4
,
3
8
9
5
,
1
9
8
,
6
1
3
9
,
5
7
4
,
1
5
8
8
,
2
9
6
,
2
9
9
0
,
7
3
3
9
8
4
,
6
5
4
,
6
9
0
8
,
0
7
2
,
6
4
5
8
,
6
6
8
9
3
,
7
2
0
,
1
4
0
4
,
9
7
4
2
4
0
,
4
5
6
,
1
1
7
1
,
9
0
6
8
9
2
,
7
2
3
—
—
6
2
5
,
6
9
9
4
8
2
,
0
5
1
,
3
9
4
5
,
5
9
7
,
1
7
8
2
,
0
3
7
,
2
5
0
2
,
4
3
7
6
0
5
,
0
3
8
,
3
9
8
5
,
7
1
9
,
3
9
1
3
,
6
4
1
5
2
,
4
7
3
,
4
7
8
0
,
7
0
1
,
3
8
6
2
,
3
3
7
,
1
9
5
6
,
1
1
9
3
0
4
,
5
7
3
,
1
8
7
6
,
8
0
0
,
1
—
1
8
3
,
4
2
1
7
5
0
,
3
9
7
,
2
7
4
7
,
2
5
1
,
3
6
4
3
,
1
2
1
,
2
6
9
0
,
5
1
5
4
9
2
,
7
9
7
7
5
8
,
5
3
1
9
1
4
,
9
3
2
6
3
7
,
1
7
3
,
3
2
7
4
,
1
4
2
,
2
6
8
5
,
2
0
7
,
6
2
6
7
,
0
9
6
,
1
4
4
6
,
2
5
4
,
1
1
6
4
,
7
6
2
,
0
1
9
0
5
,
1
1
6
,
7
1
6
1
,
1
5
6
,
4
3
7
3
,
0
7
5
,
5
1
3
0
4
,
5
7
8
,
6
8
1
9
,
3
9
4
,
4
4
8
8
,
5
3
3
,
2
7
4
4
,
3
7
7
,
3
1
5
8
6
,
1
5
4
,
3
1
0
4
2
,
5
7
2
,
4
5
7
3
,
0
7
7
,
7
1
7
8
0
,
5
4
1
,
1
1
9
9
1
,
1
3
0
,
7
5
1
3
,
8
1
9
,
2
3
5
1
,
5
1
2
,
5
4
8
5
,
2
2
6
,
1
3
1
2
,
0
3
7
4
4
8
,
6
4
5
4
5
1
,
0
6
7
,
0
1
3
0
9
,
0
9
1
,
3
1
0
5
8
,
4
8
4
,
7
2
2
8
,
0
5
2
,
1
7
2
8
,
6
5
6
,
5
1
9
8
5
,
8
5
9
,
2
7
0
1
,
7
4
0
,
2
2
4
7
,
4
6
7
,
1
1
4
1
4
,
4
4
3
7
8
2
,
6
5
4
,
1
5
6
9
,
9
9
7
,
6
2
8
4
,
3
3
6
,
8
2
4
0
7
,
7
2
0
1
7
,
1
6
5
,
2
5
2
3
,
3
0
9
,
2
7
4
8
,
4
8
7
8
1
5
,
8
6
3
,
1
9
3
1
,
0
8
6
,
1
7
0
0
,
2
0
7
5
5
0
,
0
1
5
,
3
8
0
3
,
3
5
4
,
9
6
5
2
,
9
7
3
,
4
2
3
7
,
7
7
4
,
3
7
1
6
,
5
0
7
,
1
9
2
6
,
6
3
1
,
8
5
1
8
,
2
7
9
,
6
2
7
7
,
3
4
1
6
3
7
,
1
7
3
,
3
3
5
9
,
0
1
0
,
2
2
1
2
,
2
9
6
,
5
2
6
7
,
0
9
6
,
1
5
7
3
,
2
7
2
,
1
7
6
5
,
3
7
8
,
7
1
9
1
,
8
3
2
,
4
4
8
4
,
8
6
4
,
3
8
1
9
,
9
5
0
,
3
1
4
2
6
,
3
6
0
,
6
9
4
7
,
6
6
9
,
3
4
8
8
,
5
3
3
,
2
7
4
4
,
3
7
7
,
3
1
3
6
2
,
1
5
9
,
2
1
1
2
9
,
4
8
3
,
2
1
6
8
,
9
1
8
,
6
1
1
4
7
,
7
2
1
,
0
1
5
6
5
,
1
0
9
,
5
5
1
3
,
8
1
9
,
2
0
7
6
,
5
4
5
,
4
9
0
8
,
4
8
4
,
1
3
1
2
,
0
3
7
6
4
8
,
8
5
4
4
4
0
,
0
3
2
,
9
5
1
7
,
3
6
6
,
1
1
9
9
0
,
8
9
9
0
5
8
,
4
8
4
,
7
2
2
8
,
5
7
0
,
1
1
0
6
4
,
8
6
1
,
2
3
0
3
,
6
3
1
,
9
4
2
3
,
4
7
2
,
1
3
3
3
,
4
8
5
,
3
2
6
4
6
,
0
6
1
,
3
9
5
4
,
2
1
3
,
8
1
1
8
,
4
9
7
,
3
2
3
6
,
6
7
4
,
2
5
1
2
,
5
7
4
,
1
1
3
4
,
7
5
7
,
5
5
8
0
,
4
9
5
,
6
0
7
6
,
2
9
1
,
2
4
6
9
,
9
8
4
,
1
6
6
0
,
2
0
4
,
3
8
4
3
,
0
6
0
,
8
1
6
7
0
,
3
7
0
,
9
8
2
1
,
8
6
6
,
3
5
9
3
,
4
4
0
,
5
0
7
7
,
8
8
0
,
2
—
3
5
9
,
3
0
9
1
6
3
,
3
7
6
0
6
6
,
9
6
9
,
1
1
6
7
,
6
2
8
,
2
6
2
5
,
9
8
5
,
3
6
1
9
,
4
7
5
,
1
6
1
2
,
8
3
8
3
2
6
,
6
9
0
,
3
4
2
3
,
3
6
1
,
2
6
2
7
,
1
7
3
,
5
8
4
3
,
0
6
0
,
8
1
7
3
8
,
9
9
8
,
1
1
4
5
6
,
7
5
2
,
7
1
1
3
,
9
1
6
,
6
6
8
9
,
6
2
9
,
2
8
9
0
,
6
9
5
,
2
4
2
3
,
3
6
1
,
2
1
0
2
,
1
7
8
,
4
9
0
4
,
0
3
3
,
7
9
2
9
,
9
3
8
,
9
3
3
1
,
2
5
4
,
6
6
1
1
,
8
5
4
,
5
4
6
5
,
6
2
4
,
2
5
6
0
,
3
8
4
,
9
1
0
7
6
,
9
0
2
,
4
5
3
7
,
2
9
6
,
3
2
9
1
5
,
3
1
2
,
2
2
5
2
5
,
0
0
5
—
5
2
5
,
0
0
5
9
3
9
,
9
2
7
,
0
1
1
2
5
,
5
0
8
8
0
9
,
9
5
0
,
2
5
9
1
,
1
6
1
,
1
2
2
4
,
0
0
5
6
1
2
,
9
7
4
,
1
—
7
4
6
,
5
9
—
9
1
5
,
0
3
2
4
7
3
,
0
1
0
,
1
9
6
2
,
0
8
1
4
9
8
,
3
9
3
,
2
8
1
3
,
3
7
3
,
3
7
7
6
,
2
8
1
,
1
5
5
4
,
0
1
5
,
2
8
7
7
,
1
1
8
8
6
1
,
7
2
5
—
—
2
2
4
,
0
0
5
9
1
3
,
0
9
8
,
1
4
1
5
,
0
5
9
5
4
3
,
7
1
0
,
1
4
3
6
,
9
2
1
,
1
—
3
8
4
,
9
6
6
5
7
7
,
7
3
1
—
8
9
9
,
7
8
—
1
1
1
,
0
3
5
,
1
8
8
1
,
7
2
5
,
1
3
2
7
,
2
5
2
5
0
0
,
1
8
5
,
4
9
2
1
,
0
9
7
0
4
4
,
8
2
6
,
2
2
6
9
,
1
8
1
9
0
4
,
9
4
3
9
4
1
,
9
4
0
,
5
5
4
4
,
4
8
5
9
4
8
,
0
4
1
,
1
0
0
1
,
1
0
0
,
1
2
0
4
,
0
3
2
8
9
1
,
9
7
3
,
2
0
3
7
,
8
7
3
9
7
0
,
7
3
8
4
8
,
0
1
0
0
1
,
9
6
8
,
2
8
0
1
,
9
5
5
,
1
1
8
0
2
,
8
0
3
0
8
7
,
9
2
2
,
4
8
5
0
,
7
4
2
,
1
7
7
8
,
4
2
4
8
5
7
,
7
9
3
,
3
1
)
2
5
2
,
1
3
5
,
4
(
—
0
9
6
,
4
8
6
3
9
4
,
5
2
7
2
0
2
,
9
4
1
9
6
8
,
6
4
2
6
8
8
,
6
0
5
)
1
6
7
,
1
8
8
,
5
(
)
5
2
7
,
8
8
5
,
3
(
3
2
4
,
5
9
8
,
2
9
6
6
,
0
4
7
,
1
9
8
6
,
2
4
5
,
1
—
7
6
5
,
6
0
9
,
1
—
1
5
5
,
3
3
1
4
5
,
7
2
5
,
0
1
6
6
5
,
5
5
5
,
3
—
0
5
3
,
7
7
2
7
6
,
0
8
0
4
5
,
0
0
7
—
)
3
0
9
,
4
9
6
,
2
(
2
1
4
,
3
5
4
7
0
6
,
4
8
9
,
2
0
6
5
,
3
0
4
,
2
—
)
4
8
1
,
3
7
5
(
2
1
3
,
4
3
5
5
8
5
,
6
1
2
2
8
3
,
8
8
4
,
9
0
4
3
,
1
6
7
,
2
1
7
6
,
6
7
2
,
2
2
6
5
,
2
7
2
,
3
4
6
4
,
2
7
0
,
2
2
1
9
,
1
8
9
2
7
2
,
9
6
1
0
5
5
,
1
7
0
,
4
8
4
6
,
5
9
5
,
4
—
9
1
0
,
9
5
5
,
2
6
7
4
,
2
5
1
,
2
1
0
1
,
2
0
0
,
2
1
2
7
,
1
3
5
,
9
3
5
3
,
2
2
2
,
2
3
5
2
,
2
7
3
,
5
7
8
6
,
1
0
0
,
2
0
6
7
,
5
1
8
,
8
1
7
6
,
0
7
7
,
4
6
4
0
,
7
8
6
,
2
0
6
4
,
5
8
2
,
1
2
1
2
,
2
9
6
,
5
0
6
5
,
1
4
5
,
1
1
1
8
,
5
2
0
,
1
1
8
6
,
6
6
3
,
7
3
5
9
,
9
1
1
,
0
1
6
2
9
,
7
3
6
,
6
4
9
4
,
4
6
1
,
0
1
6
5
9
,
2
2
3
,
4
4
7
6
,
8
0
1
,
2
4
8
8
,
5
3
3
,
2
0
8
8
,
6
6
8
,
1
1
2
1
7
,
7
1
9
,
2
1
1
2
9
,
4
8
3
,
2
9
1
3
,
2
9
2
,
6
6
7
1
,
2
7
5
,
6
9
2
1
,
6
2
8
,
5
5
1
3
,
8
1
9
,
2
8
9
9
,
4
6
4
,
4
9
6
2
,
4
8
7
3
1
2
,
0
3
7
5
7
7
,
4
6
7
,
2
1
3
6
,
6
7
7
,
8
8
0
1
,
9
7
6
,
8
0
9
2
,
1
8
0
,
5
9
9
0
,
8
9
9
2
2
0
,
4
5
6
,
1
1
8
4
1
,
4
3
6
,
1
0
6
3
,
6
7
2
,
2
0
4
7
,
7
5
0
,
1
3
9
9
,
2
2
8
,
0
2
5
7
9
,
3
8
8
7
9
5
,
4
4
9
,
4
1
2
4
,
3
8
8
,
1
0
2
8
,
5
9
4
,
2
3
4
9
,
5
0
3
,
1
9
6
2
,
2
5
2
,
3
9
7
0
,
9
9
9
,
1
—
5
2
5
,
0
0
5
5
2
5
,
0
0
5
0
4
2
,
1
0
5
,
6
8
0
9
,
9
5
0
,
2
1
2
5
,
5
0
8
—
2
2
4
,
0
0
5
7
1
2
,
9
7
4
,
1
—
—
—
9
1
5
,
0
3
2
4
7
3
,
0
1
0
,
1
4
6
9
,
9
7
1
4
9
8
,
3
9
3
,
2
8
1
3
,
3
7
3
,
3
0
6
9
,
1
0
6
,
1
5
5
4
,
0
1
5
,
2
8
7
7
,
1
1
8
5
5
5
,
2
4
8
—
—
2
2
4
,
0
0
5
5
1
5
,
0
5
9
9
1
3
,
0
9
8
,
1
5
4
3
,
7
1
0
,
1
0
2
7
,
7
2
1
,
1
—
—
3
8
4
,
9
6
6
5
7
7
,
7
3
1
—
2
7
9
,
6
7
4
1
1
1
,
0
3
5
,
1
8
8
1
,
7
2
5
,
1
3
2
7
,
2
5
2
9
2
1
,
0
9
7
0
9
9
,
5
7
5
,
4
—
2
6
9
,
1
8
1
9
0
4
,
9
4
3
9
4
1
,
9
4
0
,
5
9
4
1
,
6
3
2
,
1
1
7
3
,
3
2
4
—
2
0
4
,
0
3
2
0
1
8
,
2
1
8
8
8
0
,
8
7
3
.
V
E
D
E
R
U
T
U
F
)
M
A
H
S
R
O
H
(
A
P
M
A
N
S
E
N
I
O
M
S
E
D
O
O
L
R
E
T
A
W
E
U
Q
U
B
U
D
E
K
A
L
.
N
,
A
R
O
R
U
A
I
N
O
T
G
N
M
O
O
L
B
.
.
C
S
E
L
L
I
V
E
L
L
E
B
Y
T
I
C
T
E
M
U
L
A
C
E
D
I
S
Y
R
T
N
U
O
C
Y
E
L
D
A
R
B
O
G
A
C
I
H
C
.
T
S
L
I
E
N
,
N
G
I
A
P
M
A
H
C
O
R
E
C
I
C
.
S
N
O
T
S
L
E
E
U
N
E
V
A
N
A
G
I
I
H
C
M
H
T
R
O
N
8
6
1
E
C
A
L
P
A
I
N
A
M
R
E
G
T
S
E
W
8
0
1
Y
W
H
W
N
,
E
K
A
L
L
A
T
S
Y
R
C
E
R
A
U
Q
S
D
L
E
I
F
R
E
T
T
U
B
A
Z
A
L
P
K
R
A
P
S
R
E
N
W
O
D
.
D
R
E
L
L
I
V
L
L
E
B
,
S
T
H
W
E
I
V
R
I
A
F
E
V
O
R
G
R
E
N
W
O
D
K
R
A
P
T
S
E
R
O
F
N
I
G
L
E
A
Z
A
L
P
H
C
I
R
U
Z
E
K
A
L
A
V
E
N
E
G
T
C
E
P
S
O
R
P
.
T
M
N
O
S
R
E
T
T
A
M
E
K
A
L
.
S
,
N
I
E
L
E
D
N
U
M
E
L
L
I
V
R
E
P
A
N
E
G
D
I
R
R
O
N
A
W
A
T
T
O
N
W
A
L
K
A
O
F
O
E
C
A
L
P
T
E
K
R
A
M
M
E
L
R
A
H
.
S
,
K
R
A
P
D
N
A
L
R
O
E
C
A
R
R
E
T
K
O
O
R
B
K
A
O
N
W
A
L
K
A
O
A
I
R
O
E
P
G
N
I
S
S
O
R
C
D
R
O
F
K
C
O
R
L
W
O
B
E
T
A
T
S
E
E
R
F
A
Z
A
L
P
H
C
A
E
B
E
K
A
L
D
N
U
O
R
L
A
V
I
T
S
E
F
E
V
O
R
G
D
O
O
W
D
O
O
W
M
A
E
R
T
S
C
R
K
A
Z
A
L
P
N
A
G
E
K
U
A
W
E
I
K
O
K
S
5
9
8
A
K
A
W
A
H
S
I
M
C
R
K
T
S
A
E
A
Z
A
L
P
D
O
O
W
N
E
E
R
G
E
T
T
E
Y
A
F
A
L
E
T
T
E
Y
A
F
A
L
H
T
I
F
F
I
R
G
148
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
)
A
(
5
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
6
7
9
1
)
A
(
3
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
9
9
9
1
)
A
(
8
0
0
2
)
A
(
7
9
9
1
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
4
9
9
1
)
A
(
0
0
0
2
)
A
(
2
0
0
2
)
A
(
2
0
0
2
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
9
9
9
1
)
C
(
3
7
9
1
)
A
(
8
0
0
2
)
A
(
5
9
9
1
)
C
(
2
7
9
1
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
8
0
0
2
)
A
(
5
0
0
2
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
1
0
0
2
)
A
(
8
0
0
2
)
A
(
3
9
9
1
)
A
(
6
9
9
1
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
3
9
9
1
)
C
(
8
6
9
1
)
A
(
5
8
9
1
)
A
(
5
0
0
2
)
A
(
3
9
9
1
)
A
(
3
9
9
1
)
A
(
5
0
0
2
3
5
8
,
7
3
5
,
0
2
2
8
0
,
5
4
8
,
0
1
5
1
5
,
1
4
1
,
7
1
8
6
,
3
2
2
,
5
1
0
6
3
,
5
0
5
9
5
3
,
4
3
3
,
1
8
3
7
,
2
0
1
,
1
1
7
4
,
4
0
8
,
5
8
4
9
,
9
5
5
2
6
0
,
7
6
9
,
8
0
5
5
,
3
6
5
4
3
9
,
8
9
4
,
0
2
7
1
4
,
6
9
3
,
8
3
9
6
,
0
9
5
,
1
3
5
6
6
,
2
2
8
,
5
1
1
2
0
,
3
0
6
,
9
4
1
4
,
6
2
3
,
1
5
9
2
,
4
8
8
,
6
5
0
5
,
9
5
2
,
2
4
2
2
,
6
5
3
,
7
7
4
0
,
4
8
9
,
8
1
2
5
,
3
1
2
,
6
9
8
5
,
1
2
3
,
4
9
6
4
,
0
2
2
9
6
9
,
6
0
1
6
4
2
,
0
4
4
,
3
1
3
0
8
,
6
4
4
,
5
4
6
4
,
1
3
2
,
3
2
7
9
,
2
2
1
,
9
1
3
7
9
,
9
7
6
,
1
4
5
3
,
7
7
2
7
0
0
,
7
5
7
6
2
,
9
8
2
,
1
2
4
2
0
6
,
7
9
4
,
1
1
8
1
,
2
3
9
,
2
1
7
3
7
,
5
4
4
,
4
3
3
5
5
,
6
5
7
6
5
9
,
6
9
1
4
7
5
,
8
6
7
,
1
0
7
7
,
8
6
0
,
2
2
7
1
7
,
8
8
8
,
2
1
3
2
7
,
2
6
7
,
9
8
2
5
,
6
7
0
,
6
6
1
2
,
1
1
8
,
1
3
5
0
,
5
6
4
0
3
8
,
2
4
9
,
5
7
4
7
,
6
5
2
,
1
2
7
1
,
0
1
6
9
6
3
,
1
7
6
,
2
0
7
8
,
7
3
0
,
5
8
8
4
,
7
6
8
,
3
1
4
8
8
,
9
8
2
,
2
9
8
2
,
6
1
3
8
9
,
7
4
3
2
2
1
,
7
5
8
,
1
6
8
6
,
7
0
8
,
1
6
7
1
,
4
7
9
,
4
5
3
5
,
0
6
3
7
2
8
,
2
6
4
,
5
5
9
9
,
8
5
1
,
2
1
3
0
,
8
8
0
,
2
9
4
9
,
1
8
7
,
4
—
—
—
—
3
8
9
,
8
8
0
,
3
6
3
4
,
0
1
2
,
2
3
4
4
,
8
1
2
,
1
3
6
7
,
5
6
8
9
6
8
,
4
2
2
3
7
7
,
7
6
9
3
3
,
1
6
2
6
6
1
,
6
1
8
,
1
1
6
5
,
5
5
8
,
2
3
7
7
,
5
7
5
,
5
1
4
0
,
8
9
0
,
1
5
1
6
,
1
8
3
,
1
—
3
0
4
,
5
4
7
—
3
8
2
,
6
1
8
4
6
,
0
5
3
,
1
1
2
7
,
0
5
4
,
1
3
9
5
,
1
6
6
,
7
4
3
6
,
7
6
3
,
2
5
8
0
,
4
2
9
8
3
2
,
1
4
9
,
3
1
1
6
7
,
1
6
9
,
5
2
2
1
4
,
5
5
5
,
0
1
4
2
7
,
8
7
6
,
3
3
4
1
6
,
4
0
6
,
0
2
1
2
0
,
3
0
6
,
9
4
1
4
,
6
2
3
,
1
5
9
2
,
4
8
8
,
6
5
0
5
,
9
5
2
,
2
7
0
2
,
5
4
4
,
0
1
3
8
4
,
4
9
1
,
1
1
4
6
9
,
1
3
4
,
7
2
5
3
,
7
8
1
,
5
8
3
3
,
5
4
4
2
4
7
,
4
7
1
5
8
5
,
1
0
7
,
3
1
9
6
9
,
2
6
2
,
7
5
2
0
,
7
8
0
,
6
5
4
7
,
8
9
6
,
4
2
7
0
0
,
7
5
4
1
0
,
8
7
7
,
2
9
6
9
,
8
5
6
,
1
0
7
6
,
4
3
0
,
2
2
4
5
8
8
,
3
1
5
,
1
8
8
0
,
6
2
6
,
3
9
6
2
,
8
5
5
,
6
1
4
9
2
,
5
7
6
,
1
1
1
3
0
,
1
2
1
,
6
4
4
3
2
,
2
9
2
3
9
7
,
1
8
3
4
3
,
1
5
3
0
7
3
,
9
2
9
,
2
9
1
6
,
3
8
8
,
3
8
9
5
,
3
6
7
,
3
1
9
0
,
3
6
2
2
6
4
,
4
8
2
1
9
7
,
5
8
5
3
,
3
9
8
,
2
7
6
9
,
7
0
0
,
1
3
6
8
,
4
6
5
,
1
7
3
5
,
3
4
5
3
5
,
4
7
9
7
0
,
5
9
4
,
2
8
6
7
,
8
1
6
,
6
7
8
7
,
8
4
0
,
1
9
4
7
,
8
7
2
6
1
9
,
9
1
1
,
2
0
4
1
,
8
9
9
,
4
2
6
3
3
,
2
7
7
,
6
1
1
2
3
,
6
2
5
,
3
1
0
2
6
,
9
3
3
,
6
8
7
6
,
5
9
0
,
2
4
4
8
,
0
7
4
8
8
1
,
6
3
8
,
8
5
1
7
,
4
6
2
,
2
5
3
0
,
5
7
1
,
2
6
0
9
,
4
1
7
,
2
9
4
9
,
2
3
5
,
7
6
5
2
,
6
8
4
,
0
2
9
1
4
,
4
6
3
,
2
3
3
2
,
3
5
1
,
1
8
5
2
,
7
6
2
,
1
6
8
6
,
5
7
4
,
6
6
1
4
,
2
6
9
,
1
5
8
0
,
4
2
9
9
5
1
,
0
9
3
,
2
1
8
8
8
,
7
4
1
,
2
2
2
1
4
,
5
7
5
,
8
0
8
0
,
6
1
1
,
4
2
9
3
3
,
6
2
9
,
6
1
4
7
4
,
9
7
5
2
3
0
,
1
5
0
,
6
3
3
2
,
7
3
9
,
3
7
9
4
,
4
5
8
,
1
3
8
0
,
4
9
6
,
9
6
1
3
,
0
1
9
,
9
7
2
9
,
3
6
9
,
5
7
1
3
,
8
6
1
,
4
1
7
3
,
2
6
3
3
6
9
,
5
3
1
2
1
8
,
2
7
8
,
8
9
7
0
,
8
1
0
,
7
7
3
6
,
5
4
5
,
5
—
5
4
7
,
2
3
2
,
0
2
2
5
4
,
8
2
4
,
2
9
8
3
,
4
8
3
,
1
—
5
3
6
,
3
7
6
,
1
3
7
9
,
9
0
2
,
1
0
6
9
,
8
1
2
,
3
1
6
3
8
,
9
8
7
,
8
3
8
8
6
,
3
1
8
1
2
6
,
1
2
2
3
8
0
,
6
1
7
,
1
0
6
5
,
0
6
0
,
8
1
5
6
5
,
7
4
1
,
5
1
1
7
2
,
6
2
2
,
1
1
9
7
8
,
5
7
1
,
6
1
1
6
,
9
7
9
,
1
5
5
9
,
4
3
3
1
6
7
,
7
3
7
,
7
0
3
9
,
5
8
0
,
2
5
3
5
,
3
8
7
,
1
9
9
1
,
8
4
5
,
2
2
5
5
,
1
8
0
,
6
8
7
7
,
3
0
8
,
6
1
3
2
8
,
1
8
4
,
1
5
1
4
,
7
9
1
3
6
4
,
3
8
1
6
0
9
,
5
8
1
,
1
7
1
2
,
5
0
4
9
7
0
,
1
5
5
,
1
—
3
7
8
,
3
1
8
,
3
0
0
0
,
0
8
9
,
1
5
4
6
,
2
6
5
,
9
4
7
2
,
8
7
6
,
3
9
8
9
,
1
5
5
,
3
0
4
9
,
6
4
7
3
6
0
,
7
4
9
,
2
7
0
0
,
5
0
4
4
2
1
,
1
5
7
8
6
1
,
4
8
2
,
1
8
3
0
,
8
6
4
,
1
5
3
0
,
9
1
0
,
1
7
6
9
,
2
8
9
7
7
,
8
3
0
9
8
,
4
4
2
9
8
3
,
1
4
5
4
7
7
,
8
2
8
,
4
0
0
0
,
6
6
4
,
4
2
6
5
,
9
4
3
0
8
5
,
4
7
2
7
0
0
,
7
5
5
3
0
,
1
6
3
2
4
1
1
9
,
3
0
3
9
0
3
,
9
3
3
,
3
5
9
1
,
1
3
3
,
7
9
9
0
,
5
3
2
7
2
1
,
7
5
3
3
8
,
3
0
4
9
7
5
,
7
3
9
,
6
1
7
7
,
4
2
6
,
1
0
5
0
,
0
0
3
,
2
0
4
7
,
3
6
1
7
6
0
,
6
1
1
9
8
8
,
5
3
1
6
2
4
,
8
9
0
,
1
5
8
7
,
8
7
1
0
0
5
,
1
9
3
6
0
7
,
6
6
1
7
9
3
,
1
5
4
,
1
8
7
4
,
2
8
6
,
3
6
9
5
,
2
8
8
3
0
6
,
7
8
3
7
5
8
,
6
9
1
4
7
3
,
2
4
1
4
4
8
,
8
1
2
—
8
9
9
,
7
1
4
,
5
8
2
6
,
9
2
6
)
8
8
5
,
6
7
2
(
9
7
2
,
7
8
8
,
6
6
9
3
,
1
8
9
,
9
)
0
3
7
,
8
6
7
,
4
(
)
9
3
2
,
4
2
6
,
5
(
)
5
5
9
,
3
0
9
,
4
(
4
0
9
,
7
5
6
7
0
2
,
5
5
2
,
7
3
6
4
,
5
2
6
,
4
5
6
0
,
4
9
3
2
4
,
6
7
—
7
4
2
,
4
4
4
4
,
5
0
5
,
0
1
8
7
3
,
0
1
5
4
5
,
0
3
2
1
8
0
,
0
8
3
,
3
1
2
4
,
3
8
2
2
0
2
,
0
3
0
,
1
—
0
1
5
,
6
0
3
)
3
4
3
,
9
6
8
(
)
7
4
2
,
0
6
1
(
1
2
6
,
1
4
8
3
3
0
,
8
3
8
,
5
1
—
7
2
3
,
4
8
2
5
7
,
3
9
)
3
8
5
,
1
8
(
3
2
4
,
9
6
5
,
8
4
6
6
,
6
7
9
,
1
0
3
7
,
9
4
2
,
5
4
8
8
,
5
0
2
,
1
)
6
6
2
,
9
8
1
(
9
3
0
,
2
1
2
,
3
2
1
1
,
0
6
1
,
1
5
3
0
,
5
2
8
7
0
0
,
7
5
9
,
1
9
8
2
,
5
7
2
0
5
4
,
0
7
5
8
1
7
,
3
7
0
,
2
0
3
6
,
5
6
7
1
0
4
,
0
7
0
,
1
8
0
3
,
5
3
3
,
6
3
7
5
,
3
4
7
,
1
9
0
2
,
8
4
8
,
6
5
8
0
,
4
2
9
9
0
6
,
0
6
2
,
5
1
4
8
7
,
5
4
9
,
7
2
8
0
,
1
0
4
,
4
2
8
1
2
,
8
0
5
,
8
3
6
7
,
9
1
8
,
0
1
5
0
7
,
8
9
7
,
5
8
8
1
,
1
4
8
,
8
4
9
5
,
6
9
1
,
1
0
3
8
,
7
4
5
,
2
3
5
8
,
4
8
2
,
5
2
6
8
,
9
6
8
,
5
4
9
8
,
1
9
0
,
4
1
7
3
,
2
6
3
6
1
7
,
0
3
1
7
6
0
,
6
4
3
5
,
7
8
7
,
6
5
5
5
,
5
6
1
,
2
5
1
4
,
7
9
1
3
6
4
,
3
8
1
7
1
2
,
5
0
4
1
1
9
,
3
8
1
,
1
1
3
0
,
5
7
6
,
1
—
3
7
8
,
3
1
8
,
3
0
0
0
,
0
8
9
,
1
0
3
2
,
4
5
5
,
9
0
0
0
,
5
1
1
,
2
9
8
9
,
1
5
5
,
3
7
4
9
,
1
5
1
,
1
3
6
0
,
7
4
9
,
2
7
0
0
,
5
0
4
0
7
1
,
2
4
6
8
6
1
,
4
8
2
,
1
8
3
0
,
8
6
4
,
1
5
3
0
,
9
1
0
,
1
7
6
9
,
2
8
9
7
7
,
9
3
0
9
8
,
4
4
2
9
8
3
,
1
4
5
4
7
0
,
0
9
1
,
3
7
6
3
,
2
2
2
,
0
2
0
0
0
,
6
6
4
,
4
—
—
0
5
2
,
8
9
3
,
1
8
6
9
,
0
0
1
,
1
6
2
1
,
5
2
3
,
1
1
2
2
,
0
7
3
,
1
9
3
3
,
7
7
3
,
2
1
8
9
9
,
2
8
2
,
4
2
2
6
3
,
9
3
7
1
2
6
,
1
2
2
1
3
3
,
2
2
6
,
1
7
2
7
,
8
4
1
,
8
1
2
4
1
,
8
7
5
,
6
7
0
6
,
9
4
2
,
9
0
5
1
,
6
2
9
9
7
2
,
4
1
7
1
9
7
,
7
9
4
2
6
5
,
9
4
3
0
8
5
,
4
7
2
7
0
0
,
7
5
4
3
0
,
3
0
4
5
8
3
,
9
6
8
1
1
9
,
3
0
3
9
0
3
,
9
3
3
,
3
0
0
0
,
0
0
0
,
6
9
9
0
,
5
2
2
7
2
1
,
7
5
3
3
8
,
3
0
4
6
9
9
,
0
3
9
,
6
1
7
7
,
4
2
6
,
1
0
5
0
,
0
0
3
,
2
0
4
7
,
3
6
1
5
1
5
,
5
7
1
9
1
3
,
2
6
1
3
2
7
,
5
2
5
,
4
6
2
4
,
8
9
0
,
1
8
1
8
,
5
2
9
0
0
5
,
8
5
9
3
9
1
,
1
9
5
3
7
3
,
1
1
9
3
6
2
,
6
0
8
,
5
0
6
0
,
0
3
7
,
4
1
5
8
7
,
8
7
1
0
0
5
,
1
9
3
6
0
7
,
6
6
1
7
9
3
,
1
5
4
,
1
8
7
4
,
2
8
6
,
3
6
9
5
,
2
8
8
.
T
S
H
G
I
H
.
S
,
D
N
E
B
H
T
U
O
S
A
Z
A
L
P
E
L
L
I
V
L
L
I
R
R
E
M
K
R
A
P
D
N
A
L
R
E
V
O
A
Z
A
L
P
R
I
A
D
N
O
M
M
A
H
C
L
L
,
4
7
2
A
M
U
O
H
O
C
M
K
I
K
N
A
B
T
S
E
W
T
A
E
R
T
N
E
C
Y
K
,
L
L
A
M
H
A
C
U
D
A
P
Y
R
U
B
W
E
N
5
1
1
-
1
1
1
E
T
T
E
Y
A
F
A
L
N
O
T
G
N
I
X
E
L
E
U
V
E
L
L
E
B
E
U
N
E
V
A
H
T
L
A
E
W
N
O
M
M
O
C
5
9
4
-
3
9
4
R
E
T
N
E
C
G
N
I
P
P
O
H
S
Y
R
U
B
S
W
E
R
H
S
.
E
V
A
H
T
L
A
E
W
N
O
M
M
O
C
7
9
4
C
L
L
Y
R
U
B
W
E
N
9
2
1
-
7
2
1
N
O
T
G
N
I
R
R
A
B
T
A
E
R
G
G
N
I
D
L
I
U
B
K
N
A
B
N
O
T
N
I
L
C
A
N
A
B
R
U
T
A
S
E
G
A
L
L
I
V
L
W
O
B
N
O
T
N
I
L
C
E
K
A
L
E
D
L
I
W
E
N
A
L
X
N
Y
L
G
R
U
B
S
R
E
H
T
I
A
G
A
Z
A
L
P
N
A
W
A
H
S
N
W
O
T
S
R
E
G
A
H
L
E
R
U
A
L
L
E
R
U
A
L
149
Y
T
R
E
P
O
R
P
E
S
U
D
E
X
M
T
S
E
W
H
T
U
O
S
I
R
E
T
N
E
C
R
E
V
O
D
N
A
L
R
E
T
N
E
C
G
N
I
P
P
O
H
S
M
U
I
N
O
M
I
T
N
O
I
T
A
T
S
T
S
A
E
H
T
R
O
N
A
Z
A
L
P
S
L
L
I
M
S
G
N
W
O
I
L
L
A
H
Y
R
R
E
P
E
N
O
T
S
E
R
I
F
F
R
O
D
L
A
W
L
W
O
B
F
R
O
D
L
A
W
A
Z
A
L
P
E
D
I
S
L
L
A
M
E
M
,
R
O
G
N
A
B
E
K
A
L
E
T
I
H
W
N
O
S
W
A
L
C
A
Z
A
L
P
P
W
T
N
O
T
N
A
C
A
Z
A
L
P
P
W
T
N
O
T
N
I
L
C
A
Z
A
L
P
S
T
H
G
I
E
H
N
R
O
B
R
A
E
D
N
O
T
G
N
M
R
A
F
I
N
O
G
E
K
S
U
M
A
I
N
O
V
I
L
A
Z
A
L
P
S
O
M
E
K
O
R
O
L
Y
A
T
R
E
K
L
A
W
A
Z
A
L
P
E
I
R
I
A
R
P
N
E
D
E
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
4
2
0
,
9
9
6
,
6
6
6
9
2
,
5
8
5
,
8
2
S
E
K
A
L
R
O
B
R
A
T
A
S
N
I
A
T
N
U
O
F
)
A
(
6
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
C
(
4
7
9
1
)
A
(
8
0
0
2
)
A
(
8
9
9
1
)
A
(
4
9
9
1
)
A
(
2
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
C
(
4
0
0
2
)
A
(
8
0
0
2
)
A
(
3
9
9
1
)
A
(
6
8
9
1
)
A
(
0
0
0
2
)
A
(
8
9
9
1
)
A
(
8
0
0
2
)
A
(
6
9
9
1
)
A
(
3
0
0
2
)
C
(
5
0
0
2
)
A
(
8
0
0
2
)
A
(
7
0
0
2
)
A
(
3
9
9
1
)
C
(
1
0
0
2
)
C
(
1
0
0
2
)
C
(
3
0
0
2
)
C
(
9
6
9
1
)
C
(
5
0
0
2
)
A
(
8
0
0
2
)
A
(
5
0
0
2
)
A
(
8
0
0
2
)
C
(
8
9
9
1
)
A
(
4
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
C
(
5
8
9
1
)
A
(
6
9
9
1
)
A
(
6
9
9
1
3
8
4
,
3
4
1
,
2
8
4
2
,
1
0
6
,
3
1
0
0
5
,
1
2
8
,
3
1
3
9
0
,
3
2
0
,
5
0
9
3
,
0
5
9
,
3
2
8
5
0
,
1
7
4
,
8
1
5
4
0
,
6
9
5
,
5
5
1
4
,
0
6
4
,
1
7
9
3
,
3
3
3
,
5
1
9
0
,
7
6
1
9
3
6
,
4
1
2
,
8
7
0
2
,
6
0
8
,
7
4
1
1
,
3
5
2
,
3
1
2
2
9
,
0
2
8
,
2
7
9
4
,
8
7
5
,
3
6
5
2
,
4
9
4
,
9
3
2
6
,
9
1
0
,
1
5
3
4
,
5
9
3
,
4
1
3
8
5
,
0
1
9
,
7
8
1
0
,
5
9
3
3
4
8
,
9
9
5
,
5
6
9
4
,
3
8
8
,
3
9
6
5
,
3
3
5
,
4
6
5
6
,
2
5
8
,
1
8
7
1
,
8
3
8
,
7
3
5
2
,
7
7
8
,
1
7
4
5
,
8
2
5
,
2
4
7
6
4
,
5
0
9
,
3
4
2
9
,
3
7
1
,
7
1
4
6
,
2
7
4
,
3
2
7
8
,
4
1
1
,
3
5
1
2
,
7
8
6
,
8
0
8
8
,
0
6
7
,
6
1
5
9
3
,
9
1
5
5
5
0
,
1
0
9
,
7
5
5
7
,
4
3
2
,
4
2
9
0
6
,
4
8
1
,
0
2
4
9
7
,
8
6
0
,
0
4
5
4
4
,
0
0
3
,
7
2
3
7
9
,
5
9
3
9
9
9
,
1
7
6
,
3
0
7
1
,
2
4
7
,
2
1
5
0
4
,
2
6
6
,
3
3
3
7
,
6
7
3
,
6
3
5
4
2
,
0
9
0
,
0
3
2
6
7
,
8
5
8
,
3
1
3
7
6
,
7
9
6
,
7
1
8
1
3
,
9
0
3
,
4
7
2
0
,
0
9
6
,
6
3
7
0
,
2
4
0
,
1
6
1
1
,
5
2
7
,
2
4
7
8
,
5
7
9
,
4
2
8
5
,
7
8
8
,
2
5
9
9
,
2
1
5
,
3
0
4
7
,
5
3
2
4
9
0
,
6
3
7
8
2
,
7
6
9
2
7
,
2
0
8
,
1
0
3
8
,
7
5
6
,
2
3
6
9
,
4
7
2
,
2
4
3
1
,
5
9
8
,
7
1
2
0
,
0
0
0
,
1
0
5
7
,
9
7
8
5
8
7
,
1
3
8
,
5
9
0
5
,
6
9
4
,
1
6
2
1
,
6
3
1
,
7
8
7
3
,
4
3
2
8
6
4
,
2
7
8
,
0
1
0
7
1
,
1
8
0
,
0
1
7
4
2
,
8
4
1
,
1
2
4
4
9
,
0
2
8
,
3
7
4
2
,
8
5
4
,
4
3
0
2
,
8
5
9
,
6
9
5
4
,
2
5
4
,
6
1
1
9
1
,
1
7
1
5
3
0
,
6
0
6
,
5
8
1
4
,
5
9
5
,
1
6
8
1
,
5
5
1
4
8
9
,
6
8
6
,
1
0
9
1
,
8
6
7
,
1
1
5
8
,
2
7
0
,
2
6
8
2
,
7
5
0
,
1
4
0
9
,
1
2
6
,
7
2
8
4
,
5
8
5
7
6
5
,
1
4
8
,
1
0
5
6
,
3
9
6
,
1
0
9
0
,
0
7
2
,
3
3
2
0
,
5
4
3
,
6
8
3
4
,
6
8
7
4
1
8
,
0
9
1
,
1
0
7
4
,
1
0
0
,
0
2
1
0
0
,
6
0
5
,
9
4
0
2
,
0
5
5
7
2
8
,
6
8
2
,
7
6
8
6
,
1
5
6
,
5
0
2
4
,
6
0
6
,
6
2
4
9
,
9
0
9
,
2
2
8
0
,
0
6
4
,
5
1
6
3
7
,
2
6
4
,
2
4
1
1
,
0
7
3
,
4
4
6
1
1
,
9
9
5
,
5
3
1
0
,
4
4
4
,
0
1
4
6
6
,
7
1
8
,
9
0
1
3
,
1
0
9
,
3
8
1
2
,
4
9
6
,
2
3
3
4
,
1
8
3
,
1
1
0
0
0
,
6
6
0
8
8
,
6
2
8
,
6
1
6
5
3
,
9
4
1
,
3
1
1
4
,
0
5
0
,
1
1
—
2
3
0
,
8
8
9
6
4
6
,
7
8
4
,
1
6
0
0
,
3
9
4
,
2
5
9
3
,
9
1
5
7
8
7
,
2
2
2
,
5
2
5
5
2
,
2
7
6
,
1
2
0
0
8
,
1
6
5
,
2
4
1
3
5
,
0
4
9
,
0
1
6
7
9
,
0
4
2
,
8
3
—
1
7
4
,
6
9
1
5
4
,
7
8
5
3
7
9
,
5
9
3
0
7
4
,
8
6
7
,
3
0
2
6
,
9
2
3
,
3
1
2
5
5
,
1
8
6
,
2
7
5
9
,
3
4
3
,
6
3
1
0
,
3
0
4
5
3
5
,
6
3
4
,
1
0
9
5
,
5
7
7
,
1
6
7
4
,
0
6
2
,
7
6
8
5
,
8
6
2
,
3
7
9
8
,
7
1
9
5
9
8
,
3
5
3
3
,
5
8
7
0
,
7
8
3
,
5
4
3
4
,
2
8
4
,
1
4
1
6
,
4
4
2
,
2
7
4
7
,
9
7
7
,
6
3
1
8
7
,
6
2
5
,
1
3
2
5
3
,
4
3
6
,
5
1
0
5
1
,
8
5
9
,
4
2
4
0
9
,
7
7
5
,
7
4
2
9
,
7
0
6
,
7
8
6
9
,
5
4
0
,
1
1
5
4
,
0
3
7
,
2
2
5
9
,
2
6
3
,
0
1
6
1
0
,
0
7
3
,
4
9
0
6
,
7
5
7
,
5
3
4
9
,
8
9
6
,
5
3
9
5
,
6
9
7
2
1
3
,
5
7
1
,
6
8
7
3
,
4
3
2
8
6
1
,
1
4
1
,
9
0
9
7
,
5
4
1
,
8
7
4
2
,
8
4
1
,
1
2
7
6
1
,
6
4
2
,
3
2
9
0
,
7
0
0
,
4
6
4
0
,
0
2
4
,
5
1
5
5
8
,
8
5
7
8
4
4
,
7
9
0
,
7
1
8
2
3
,
0
0
6
,
8
4
0
2
,
0
5
5
0
4
7
,
7
7
4
,
6
6
8
6
,
1
5
6
,
5
0
2
4
,
6
0
6
,
6
2
4
9
,
9
0
9
,
2
8
8
3
,
6
0
4
,
4
1
6
3
7
,
2
6
4
,
2
3
3
2
,
9
1
2
,
4
3
5
6
8
,
9
7
6
,
4
3
1
6
,
0
6
6
,
8
4
6
6
,
7
1
8
,
9
7
4
4
,
3
3
1
,
3
4
3
6
,
4
2
1
,
9
—
0
8
7
,
2
1
3
,
2
1
1
1
6
,
7
6
1
,
9
4
1
1
,
9
1
8
,
9
1
6
4
4
,
4
0
2
,
6
1
9
9
9
,
5
3
9
,
0
3
1
9
0
,
2
3
0
,
3
3
4
3
8
,
0
1
4
,
1
7
3
7
,
9
5
2
5
8
,
6
6
2
,
0
1
0
9
2
,
3
0
8
,
5
9
1
1
,
4
3
6
,
2
3
7
7
7
,
5
4
6
,
2
2
5
2
5
,
0
1
3
,
1
1
5
3
4
,
9
0
8
,
1
2
3
2
4
,
5
9
5
,
5
8
8
1
,
3
7
1
,
6
4
8
0
,
1
0
7
6
4
7
,
9
7
3
,
2
0
7
3
,
5
4
9
,
7
6
1
0
,
0
7
3
,
4
6
8
4
,
5
0
1
,
5
—
2
4
8
,
2
3
1
6
1
9
,
9
9
6
4
1
8
,
0
6
9
0
0
3
,
1
3
7
,
1
0
8
3
,
5
3
9
,
1
—
7
7
7
,
4
7
5
5
5
1
,
1
5
4
3
1
4
,
2
3
0
,
1
0
6
9
,
1
3
4
4
7
6
,
5
0
9
2
2
0
,
4
0
9
,
2
—
7
8
0
,
9
0
8
—
—
—
—
4
9
6
,
3
5
0
,
1
1
8
8
,
0
5
1
,
0
1
1
5
2
,
9
1
9
0
0
4
,
3
8
7
,
1
—
4
6
8
,
7
6
7
9
9
7
,
6
5
2
,
2
0
0
1
,
4
1
5
,
4
0
0
8
,
2
8
8
,
1
5
9
3
,
9
1
5
3
7
6
,
3
0
4
,
5
9
0
8
,
7
6
4
,
5
1
0
8
,
5
2
6
,
1
1
5
8
8
,
8
0
2
,
5
6
3
6
,
7
5
3
,
2
6
3
2
,
6
3
3
8
6
7
,
2
6
0
,
3
7
6
6
,
0
4
5
8
2
6
,
5
4
1
,
4
3
0
0
,
1
8
8
,
8
7
2
8
,
3
2
3
,
4
5
1
7
,
8
4
1
,
3
1
8
4
,
2
8
9
,
1
7
3
7
,
4
3
4
,
1
4
8
8
,
4
4
3
5
0
7
,
0
5
3
3
8
5
,
7
1
4
,
2
—
3
2
1
,
2
5
6
0
3
3
,
0
5
9
,
5
9
0
8
7
,
1
1
8
,
6
0
1
1
,
2
6
7
,
2
0
1
4
1
8
,
6
7
1
,
4
7
6
9
2
,
5
8
5
,
8
2
0
9
7
,
7
7
4
,
7
3
0
6
,
1
4
7
,
4
7
2
6
,
2
7
1
5
0
9
,
5
1
6
—
0
0
0
,
3
9
1
4
4
0
,
5
4
3
2
4
2
,
4
4
4
,
1
1
6
7
9
,
4
7
2
8
5
8
,
8
2
8
,
3
9
2
5
,
4
6
9
,
0
1
4
5
8
,
8
5
7
7
9
0
,
0
7
2
,
6
2
4
9
,
3
3
9
,
4
—
6
2
2
,
7
4
0
,
2
8
0
0
,
3
2
7
4
8
6
,
9
4
8
8
9
2
,
3
4
1
9
2
4
,
4
5
8
,
6
3
4
9
,
3
5
8
,
1
0
4
3
,
7
5
9
6
6
9
,
3
2
6
8
7
3
,
4
3
2
3
2
6
,
5
7
4
,
5
1
0
1
,
1
5
9
,
8
6
4
7
,
0
0
8
,
7
5
0
0
,
4
0
7
,
9
1
9
1
,
1
7
9
,
2
0
1
5
,
3
0
5
4
1
5
,
5
5
4
,
4
—
8
7
7
,
5
8
9
,
0
1
6
8
3
,
6
6
6
,
3
4
0
2
,
0
5
5
4
1
5
,
0
3
4
,
4
7
7
6
,
8
2
9
,
4
6
3
7
,
6
5
7
,
5
4
4
6
,
6
6
7
,
2
9
5
4
,
3
2
4
,
7
3
9
7
,
8
0
6
3
3
8
,
4
3
8
,
2
3
—
4
8
8
,
8
0
1
,
1
2
8
4
,
1
2
5
,
1
9
1
3
,
1
8
0
,
5
6
6
5
,
4
3
8
6
5
,
4
4
4
1
8
9
,
0
7
5
,
3
1
3
1
,
9
3
1
,
7
5
4
3
,
6
3
7
,
4
1
8
8
,
8
9
0
,
3
5
6
8
,
6
5
7
,
8
0
8
8
,
1
5
3
,
2
1
—
5
3
0
,
6
1
6
,
1
6
7
5
,
1
5
5
,
7
—
5
7
5
,
1
4
5
,
8
1
1
8
2
,
7
4
)
0
0
1
,
6
5
(
9
9
2
,
6
4
1
,
2
1
)
0
8
9
,
7
3
7
,
2
(
)
0
6
9
,
7
1
0
,
3
(
0
2
6
,
9
7
1
,
0
1
5
3
6
,
3
8
0
,
5
—
—
4
9
4
,
3
6
1
,
6
1
3
7
1
,
4
0
6
,
0
3
2
9
7
,
5
8
8
,
0
2
—
—
—
5
5
6
,
9
1
7
3
5
4
,
5
7
6
,
1
3
—
0
7
8
,
5
0
1
5
9
5
,
1
2
2
,
1
5
7
5
,
3
5
6
,
1
1
2
8
3
,
2
6
2
,
9
9
6
4
,
5
2
8
,
2
)
7
5
8
,
7
0
3
(
2
2
2
,
8
1
0
,
1
5
7
2
,
1
8
5
,
1
2
8
4
,
1
5
5
9
9
,
6
9
4
,
2
2
8
3
,
8
4
5
,
2
2
0
3
9
,
8
8
0
,
0
1
0
6
6
,
3
4
6
,
0
1
)
9
5
9
,
6
6
6
,
3
(
9
1
7
,
7
4
3
,
3
1
4
9
,
8
0
0
,
1
4
2
5
,
1
6
3
,
1
4
9
0
,
4
6
3
,
6
4
3
5
,
8
1
3
,
4
1
9
4
,
8
0
6
,
2
2
4
8
,
2
3
1
6
1
9
,
9
9
6
8
9
5
,
4
4
0
,
1
—
7
6
3
,
8
2
7
,
1
0
8
3
,
5
3
9
,
1
—
7
7
7
,
4
7
5
9
7
8
,
5
2
1
0
6
9
,
1
3
4
6
1
4
,
2
3
0
,
1
5
9
5
,
5
4
7
,
2
4
7
6
,
5
0
9
—
7
8
0
,
9
0
8
—
—
—
—
4
9
1
,
2
8
1
,
1
1
8
2
,
5
3
5
,
1
1
1
5
2
,
9
1
9
0
0
4
,
3
8
7
,
1
—
4
6
8
,
7
6
7
0
0
0
,
0
8
1
,
2
0
0
0
,
5
7
4
,
4
0
0
8
,
2
8
8
,
1
5
9
3
,
9
1
5
2
1
2
,
1
8
6
,
6
8
7
4
,
1
6
4
,
5
7
2
7
,
3
1
0
,
2
1
5
8
8
,
8
0
2
,
5
0
5
4
,
6
0
5
,
6
2
3
9
,
3
1
4
,
3
0
0
0
,
0
5
1
,
3
7
6
6
,
0
4
5
4
9
2
,
4
0
1
,
5
9
2
5
,
2
7
8
,
8
7
2
8
,
3
2
3
,
4
5
1
9
,
0
6
6
,
2
1
8
4
,
2
8
9
,
1
7
3
7
,
4
3
4
,
1
4
8
8
,
4
4
3
5
0
7
,
0
5
3
3
8
5
,
7
1
4
,
2
—
3
2
1
,
2
5
6
E
V
/
I
L
O
T
S
E
R
C
D
O
O
W
,
R
U
E
O
C
E
V
E
R
C
R
E
T
N
E
C
G
N
I
P
P
O
H
S
T
N
I
O
P
H
T
R
O
N
.
R
D
D
N
A
L
O
N
,
E
C
N
E
D
N
E
P
E
D
N
I
I
,
M
Y
T
I
C
L
A
T
S
Y
R
C
A
Z
A
L
P
E
L
L
I
V
E
S
O
R
A
Z
A
L
P
L
U
A
P
.
T
S
Y
T
I
C
S
A
S
N
A
K
D
O
O
W
K
R
I
K
S
I
O
V
A
R
G
Y
A
M
E
L
O
M
,
D
N
A
L
D
E
P
O
L
E
V
E
D
R
E
D
N
U
-
S
E
L
R
A
H
C
.
T
S
.
D
V
L
B
Y
T
S
I
R
H
C
,
S
I
U
O
L
.
T
S
L
E
C
R
A
P
T
R
A
M
K
D
L
E
I
F
G
N
I
R
P
S
S
E
L
R
A
H
C
.
T
S
C
R
K
D
N
A
L
R
E
V
O
S
I
U
O
L
.
T
S
S
I
U
O
L
.
T
S
S
R
E
T
E
P
.
T
S
.
E
V
A
E
N
O
T
S
N
E
L
G
,
D
L
E
I
F
G
N
I
R
P
S
K
E
E
R
C
E
L
T
R
U
T
-
I
D
K
.
C
N
I
,
6
9
6
Y
R
A
C
O
C
M
K
I
A
Z
A
L
P
S
D
A
O
R
S
S
O
R
C
.
.
C
S
K
E
E
R
C
G
N
O
L
M
A
H
R
U
D
E
T
T
O
L
R
A
H
C
E
T
T
O
L
R
A
H
C
.
D
R
A
L
O
V
Y
T
N
O
I
T
A
T
N
A
L
P
Y
A
W
D
M
T
A
S
E
P
P
O
H
S
I
G
N
I
S
S
O
R
C
H
G
U
O
R
O
B
S
L
L
I
H
G
N
I
S
S
O
R
C
E
L
L
I
V
S
E
R
O
O
M
E
C
A
L
P
K
R
A
P
I
I
S
N
O
M
M
O
C
D
L
E
I
F
E
K
A
W
S
G
N
I
S
S
O
R
C
D
L
E
I
F
E
K
A
W
A
Z
A
L
P
K
R
A
P
N
O
S
N
E
R
O
S
R
E
T
N
E
C
N
O
D
N
O
L
W
E
N
A
Z
A
L
P
N
E
D
R
O
L
E
C
A
L
P
R
E
T
A
W
E
G
D
E
M
E
L
A
S
-
N
O
T
S
N
W
I
H
G
I
E
L
A
R
Y
A
W
D
A
O
R
B
E
N
N
O
Y
A
B
A
Z
A
L
P
N
W
O
T
K
C
I
R
B
A
Z
A
L
P
R
E
T
A
W
E
G
D
I
R
B
J
N
R
E
T
A
W
E
G
D
I
R
B
M
A
H
G
N
I
K
C
O
R
E
K
I
P
N
O
T
L
R
A
M
I
N
O
S
N
M
A
N
N
I
C
L
L
I
H
Y
R
R
E
H
C
150
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
)
A
(
8
0
0
2
)
C
(
1
0
0
2
)
A
(
2
0
0
2
)
A
(
4
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
2
0
0
2
)
A
(
9
0
0
2
)
A
(
4
9
9
1
)
A
(
8
9
9
1
)
A
(
3
9
9
1
)
A
(
5
0
0
2
)
A
(
7
0
0
2
)
A
(
4
9
9
1
)
A
(
9
0
0
2
)
A
(
5
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
9
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
7
0
0
2
)
A
(
6
0
0
2
)
C
(
2
7
9
1
)
A
(
3
0
0
2
)
A
(
3
0
0
2
)
A
(
4
0
0
2
)
A
(
4
0
0
2
)
A
(
4
0
0
2
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
6
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
8
9
9
1
)
C
(
4
0
0
2
)
A
(
6
0
0
2
)
A
(
7
0
0
2
)
A
(
4
0
0
2
)
A
(
4
0
0
2
)
A
(
7
0
0
2
)
A
(
9
8
9
1
)
A
(
4
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
5
0
0
2
S
E
C
N
A
R
B
M
U
C
N
E
1
0
5
,
0
2
3
,
9
1
4
6
7
,
1
6
9
,
6
2
5
0
7
,
3
4
8
,
9
1
3
0
4
,
5
5
8
,
7
2
3
9
7
,
9
3
2
,
1
1
2
6
9
,
9
5
9
,
4
1
9
5
3
,
5
2
2
,
3
3
1
3
,
3
5
2
,
4
9
1
7
,
2
9
8
,
5
1
1
6
2
,
2
3
7
,
5
2
6
9
8
,
6
7
7
,
4
3
1
4
5
,
6
8
5
0
0
0
,
5
7
8
,
4
1
2
2
,
5
5
7
,
9
2
9
7
,
1
3
0
,
7
1
5
0
,
3
7
9
,
1
3
4
5
0
,
6
0
0
,
5
6
6
4
,
8
4
3
,
0
5
2
4
3
,
6
7
4
,
0
5
4
7
7
,
6
1
0
,
6
4
8
3
,
6
0
5
,
1
3
3
6
,
7
8
5
,
2
9
4
5
,
8
7
8
,
9
3
9
9
,
1
9
0
,
5
2
5
1
9
,
0
6
0
,
5
1
5
0
0
,
9
9
4
,
2
7
4
0
,
1
5
1
,
2
2
0
2
,
7
2
8
,
4
3
1
6
6
,
5
9
5
,
8
9
8
3
,
2
9
1
,
5
5
1
9
3
,
3
1
0
,
2
5
6
4
,
9
5
4
,
5
6
4
8
,
8
1
2
,
8
1
2
4
4
,
5
8
5
,
4
6
7
3
,
2
4
9
,
3
2
0
3
7
,
8
3
4
,
5
7
5
7
,
4
2
0
,
7
5
5
9
,
2
6
9
,
8
3
2
7
4
,
0
5
7
,
5
3
1
4
9
,
5
2
6
,
5
1
0
8
5
,
6
6
4
8
1
5
,
9
3
4
,
2
1
6
1
,
8
0
3
,
9
6
7
6
,
6
6
7
,
6
1
2
5
0
,
3
0
2
,
4
3
4
4
,
8
3
1
,
1
8
9
0
,
3
7
2
,
1
3
7
1
,
1
3
5
,
7
3
1
0
1
,
8
9
7
,
4
9
3
2
,
5
6
5
,
3
6
8
0
,
9
4
0
,
7
3
2
3
,
1
6
5
,
2
2
4
8
3
,
6
0
3
,
5
1
7
5
3
,
2
9
3
,
2
2
4
7
4
,
9
1
9
,
7
2
6
7
,
6
3
1
,
1
1
0
9
4
,
9
9
9
,
5
9
5
5
,
0
5
9
,
3
1
6
1
1
,
7
0
8
,
6
6
7
6
,
6
0
4
,
1
1
4
5
4
,
0
0
4
,
2
1
1
3
1
,
1
1
1
,
1
8
3
8
,
1
2
1
,
1
8
3
9
,
9
3
1
,
1
9
8
9
,
2
1
1
,
3
3
—
6
1
9
,
0
0
3
,
8
2
3
1
,
7
1
9
,
7
1
1
8
,
0
7
1
1
8
4
,
9
8
4
0
6
,
1
8
2
1
8
5
,
1
9
9
1
9
,
5
9
3
,
9
0
7
9
,
2
2
7
,
4
6
3
2
,
3
7
0
,
1
4
5
9
,
7
5
4
1
1
,
4
0
5
,
1
1
2
3
,
5
8
7
,
3
4
2
6
,
8
5
6
4
,
5
0
4
9
9
6
,
1
4
8
,
1
7
3
1
,
2
8
7
,
5
2
6
0
,
1
5
4
,
1
8
6
1
,
2
1
3
,
2
5
2
5
,
7
7
5
,
2
2
4
5
,
9
1
8
6
7
4
,
8
2
0
,
2
4
8
2
,
6
3
2
,
6
4
5
0
,
6
0
0
,
5
2
8
3
,
9
4
6
,
8
5
4
7
4
,
3
9
3
,
8
5
4
8
5
,
7
8
1
,
6
5
6
8
,
5
9
5
,
1
7
3
2
,
9
6
8
,
2
1
3
1
,
0
7
9
,
9
2
1
9
,
7
8
4
,
4
3
5
8
8
,
3
8
7
,
9
1
1
4
2
,
2
7
5
,
3
1
0
0
,
9
0
2
,
2
6
1
3
,
1
3
3
,
6
3
3
8
9
,
0
8
3
,
2
1
4
5
8
,
7
9
5
,
5
5
5
1
0
,
2
2
0
,
2
3
6
1
,
1
0
3
,
7
3
8
9
,
0
0
0
,
4
2
4
0
5
,
6
3
0
,
6
3
4
5
,
4
5
2
,
6
2
5
5
2
,
6
1
0
,
8
9
9
2
,
4
4
8
,
7
2
3
4
,
1
9
9
,
0
4
5
5
7
,
6
8
9
,
1
4
4
8
7
,
0
5
1
,
3
1
5
2
7
,
6
7
7
,
8
2
0
3
6
,
5
7
7
4
3
,
3
9
3
0
4
4
,
5
8
5
,
1
1
2
4
,
3
4
1
,
2
7
6
5
,
4
3
6
9
9
5
,
9
3
1
0
1
1
,
6
5
1
1
1
2
,
2
4
5
5
6
8
,
2
3
8
,
2
1
0
6
,
3
9
8
,
0
1
7
9
0
,
0
1
9
,
8
1
9
1
6
,
7
3
8
,
4
2
4
0
,
8
7
2
,
1
8
0
2
,
9
2
4
,
1
—
8
7
9
,
7
7
7
,
3
2
8
5
7
,
4
2
8
,
7
4
8
1
9
,
5
5
8
,
1
4
0
0
2
,
6
7
8
,
5
8
5
9
,
9
0
2
,
1
3
4
4
,
0
4
6
,
1
1
3
1
,
0
7
9
,
9
4
3
9
,
2
8
2
,
1
3
6
4
0
,
2
3
9
,
5
1
1
4
2
,
2
2
1
,
3
2
6
9
,
1
5
7
,
1
7
3
7
,
4
3
6
,
7
2
8
2
3
,
9
7
7
,
1
1
9
1
4
,
7
7
2
,
0
4
9
3
0
,
7
5
9
,
1
0
2
7
,
6
9
8
,
5
6
8
7
,
7
4
3
,
9
1
4
0
3
,
5
9
8
,
4
0
8
1
,
8
2
0
,
9
1
7
4
3
,
4
3
4
,
5
9
9
2
,
4
3
6
,
5
4
6
3
,
5
3
4
,
9
2
5
5
7
,
6
8
4
,
0
4
6
3
5
,
8
1
9
,
6
2
4
1
7
,
6
3
4
8
6
7
,
8
6
2
,
2
1
8
7
,
9
4
1
,
8
0
3
6
,
5
9
4
,
4
1
0
5
3
,
5
6
5
,
3
8
7
1
,
7
6
9
5
7
5
,
1
8
0
,
1
1
1
0
,
5
3
3
,
9
4
5
0
,
6
0
0
,
5
D
N
A
L
4
2
6
,
4
2
8
,
0
1
6
5
5
,
7
3
5
,
6
1
4
8
3
,
1
1
3
7
0
9
,
5
8
3
4
9
7
,
8
2
2
,
1
—
8
7
9
,
4
0
2
,
3
9
3
8
,
1
5
8
,
3
0
0
0
,
0
5
4
9
3
0
,
7
5
4
5
5
6
,
1
0
6
9
7
5
,
6
9
6
,
8
6
3
4
,
0
2
3
,
5
1
6
7
9
,
4
6
3
4
4
,
4
0
4
,
1
7
9
1
,
3
5
6
,
4
0
0
2
,
1
4
1
,
1
3
6
3
,
6
2
2
,
7
8
0
9
,
1
8
5
,
2
0
0
0
,
0
1
2
,
2
7
6
0
,
6
5
5
,
1
1
0
0
0
,
0
0
5
,
1
8
8
1
,
8
5
8
,
1
7
9
4
,
5
0
1
7
9
0
,
4
6
5
0
2
8
,
3
4
7
,
2
7
6
4
,
4
1
4
,
4
9
6
2
,
2
7
2
,
1
4
6
8
,
0
1
3
3
3
6
,
7
4
3
5
3
4
,
6
4
1
,
6
8
0
6
,
7
7
6
,
3
4
7
8
9
,
7
1
3
,
1
3
1
2
6
,
9
5
3
,
2
1
—
—
1
1
0
,
1
1
0
1
,
8
9
7
,
4
9
3
2
,
5
6
5
,
3
8
9
0
,
0
5
0
,
7
5
1
6
,
3
0
7
,
7
8
3
9
,
4
6
2
,
0
3
1
6
9
,
3
3
4
5
4
3
,
0
4
7
,
5
1
6
0
4
,
8
0
2
,
2
4
6
7
,
0
0
6
,
4
2
9
8
9
,
2
5
6
3
6
4
,
2
7
5
,
8
5
6
6
,
5
8
6
,
1
8
2
4
,
2
2
8
,
2
1
7
2
8
,
9
4
7
6
4
4
,
4
9
5
1
4
2
,
3
7
9
,
3
6
9
8
,
9
4
6
,
1
1
9
0
,
0
8
0
,
1
—
3
5
7
,
6
3
1
7
1
3
,
9
4
7
,
6
6
0
0
,
5
4
5
,
4
1
7
5
3
,
0
8
7
,
0
1
2
7
5
,
6
5
0
,
3
1
5
4
5
,
0
8
4
,
3
1
1
3
1
,
1
1
1
,
1
1
9
5
,
8
5
2
,
1
—
—
2
7
3
,
4
1
0
,
1
8
0
8
,
4
8
2
,
4
2
3
9
4
,
1
5
6
,
0
1
0
0
1
,
6
8
8
,
7
1
3
6
4
,
2
4
9
,
4
9
6
7
,
0
1
8
,
9
6
7
7
,
0
7
6
,
5
6
0
0
,
5
3
9
,
2
3
5
2
,
5
8
2
,
9
3
3
8
,
3
1
5
,
9
5
4
5
,
0
8
1
,
8
9
3
5
3
2
6
,
2
5
9
1
0
1
,
8
9
7
,
4
9
3
2
,
5
6
5
,
3
6
2
7
,
5
3
0
,
6
0
3
1
,
0
8
9
,
5
2
5
8
,
8
8
0
,
5
4
6
6
,
4
1
7
,
6
0
0
0
,
0
3
6
,
3
8
5
6
,
1
1
0
,
3
1
4
5
,
8
7
0
,
1
0
0
0
,
0
1
6
,
1
1
5
0
1
,
5
9
4
,
1
9
3
7
,
2
4
5
,
3
0
0
0
,
0
0
3
,
5
3
9
5
,
0
1
1
,
1
9
6
9
,
5
0
3
4
9
4
6
2
,
3
2
5
,
4
6
6
9
,
5
9
0
,
3
1
4
0
,
3
3
7
,
4
—
0
4
7
,
2
5
5
,
1
2
2
0
,
3
6
4
,
8
1
5
9
1
,
1
2
5
5
7
6
,
5
1
0
,
1
2
5
9
,
3
4
4
2
9
1
,
5
2
4
,
5
2
4
2
7
,
4
7
3
,
9
—
7
5
2
,
6
5
2
0
5
4
,
3
8
2
2
0
2
,
4
1
7
7
8
4
,
8
2
3
—
)
5
4
7
,
3
6
3
(
)
5
4
5
,
5
3
2
(
—
—
—
—
1
4
7
,
7
5
8
,
3
2
3
1
5
,
8
3
3
,
1
3
7
7
,
5
5
1
,
3
3
0
8
,
1
8
3
8
2
8
,
1
4
2
1
3
4
,
0
7
2
5
8
1
,
0
1
6
)
0
7
2
,
7
9
9
,
1
(
—
2
7
3
,
4
1
0
,
1
2
5
4
,
3
5
0
,
1
5
4
3
,
0
4
7
9
3
9
,
6
2
5
2
7
6
,
7
6
1
9
1
5
,
1
4
0
7
,
4
0
2
,
2
5
9
1
,
4
5
1
,
3
2
3
9
,
5
0
3
,
3
8
5
4
,
7
4
2
,
1
9
3
5
8
6
9
,
2
1
5
9
6
,
8
3
2
4
9
4
,
1
0
3
,
3
4
2
5
9
,
9
5
7
,
8
3
3
0
2
,
1
9
9
5
1
,
3
4
1
,
1
4
6
8
,
9
0
2
,
1
1
3
1
,
0
7
9
,
9
2
1
9
,
9
1
8
,
2
1
1
5
8
,
0
1
4
,
5
1
6
6
5
,
6
0
1
,
2
0
1
0
,
8
0
3
,
1
0
4
6
,
0
1
0
,
3
4
0
6
,
4
0
4
,
2
1
1
0
,
5
3
3
,
9
9
0
8
,
6
8
8
,
1
1
4
2
6
,
4
2
8
,
0
1
6
5
5
,
7
3
5
,
6
1
4
8
3
,
1
1
3
7
0
9
,
5
8
3
4
9
2
,
5
2
2
,
1
—
8
7
9
,
4
0
2
,
3
9
3
8
,
1
5
8
,
3
0
0
0
,
0
5
4
9
3
0
,
7
5
4
5
5
6
,
1
0
6
3
8
4
,
5
9
8
,
7
9
1
4
,
7
7
2
,
0
4
6
3
4
,
0
2
3
,
5
1
2
8
7
,
0
0
7
,
1
0
7
2
,
3
1
6
,
5
4
8
5
,
3
3
6
,
8
1
7
1
8
,
6
6
5
,
4
0
8
1
,
8
2
0
,
9
1
2
9
0
,
8
9
7
,
5
5
1
4
,
0
9
5
,
5
4
6
3
,
5
3
4
,
9
2
5
5
7
,
6
8
4
,
0
4
4
1
7
,
6
3
4
2
3
2
,
7
0
1
,
3
8
6
7
,
8
6
2
,
2
8
6
2
,
1
1
8
,
6
7
5
8
,
9
3
3
,
1
1
7
4
5
,
3
8
1
,
3
0
5
3
,
5
2
7
4
4
1
,
1
1
8
6
7
9
,
4
6
3
4
4
,
4
0
4
,
1
7
9
1
,
3
5
6
,
4
0
0
2
,
1
4
1
,
1
3
6
3
,
6
2
2
,
7
8
0
9
,
1
8
5
,
2
9
2
4
,
9
8
4
,
2
7
6
0
,
6
5
5
,
1
1
0
0
0
,
0
0
5
,
1
2
5
7
,
1
1
8
,
1
7
9
4
,
5
0
1
7
9
0
,
4
6
5
0
2
8
,
3
4
7
,
2
6
6
4
,
4
1
4
,
4
9
6
2
,
2
7
2
,
1
4
6
8
,
0
1
3
3
3
6
,
7
4
3
2
0
8
,
7
0
7
,
0
3
1
2
6
,
9
5
3
,
2
1
—
—
—
4
0
4
,
3
4
2
,
3
2
0
5
0
,
6
6
2
,
1
1
6
1
,
9
5
3
,
7
1
1
9
7
,
4
7
7
,
4
6
6
0
,
6
0
6
,
7
1
8
5
,
6
1
5
,
2
7
8
4
,
3
3
9
,
2
0
2
3
,
9
7
9
,
5
5
7
3
,
6
6
2
,
8
7
7
5
,
7
6
1
,
8
—
7
2
9
,
3
1
7
1
7
3
,
5
9
7
,
6
9
3
2
,
5
6
5
,
3
6
2
7
,
5
3
0
,
6
2
8
0
,
8
6
9
,
5
0
5
9
,
3
3
7
,
3
1
4
6
6
,
4
1
7
,
6
0
0
0
,
0
3
6
,
3
8
5
6
,
1
1
0
,
3
1
4
5
,
8
7
0
,
1
0
0
0
,
0
1
6
,
1
1
5
0
1
,
5
9
4
,
1
9
3
7
,
2
4
5
,
3
0
0
0
,
0
0
3
,
5
3
9
5
,
0
1
1
,
1
9
6
9
,
5
0
3
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
G
N
I
D
L
I
U
B
&
)
5
5
7
,
0
8
8
,
6
(
—
—
8
7
9
,
7
7
7
,
3
2
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
T
S
O
C
L
A
I
T
I
N
I
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
R
E
T
N
E
C
E
N
W
O
T
L
E
D
M
L
O
H
E
G
A
L
L
I
V
R
O
D
N
W
T
S
A
E
I
H
G
U
O
R
O
B
S
L
L
I
H
S
N
O
M
M
O
C
L
E
D
M
L
O
H
A
Z
A
L
P
E
L
L
I
V
N
E
K
A
Z
A
L
P
L
L
E
W
O
H
O
T
U
A
T
N
U
O
C
S
I
D
S
S
U
A
R
T
S
I
K
C
W
S
N
U
R
B
H
T
R
O
N
E
D
A
H
S
E
L
P
A
M
R
E
T
N
E
C
N
W
O
T
Y
A
W
A
T
A
C
S
I
P
T
N
E
C
S
E
R
C
N
O
I
N
U
A
Z
A
L
P
T
R
I
G
A
E
S
D
O
O
W
E
G
D
I
R
T
N
O
M
T
S
E
W
A
Z
A
L
P
H
C
N
A
R
B
G
N
O
L
T
S
E
W
A
Z
A
L
P
K
O
O
R
B
W
O
L
L
I
W
E
U
Q
R
E
U
Q
U
B
L
A
,
O
B
A
T
N
A
U
J
E
T
R
O
N
-
L
E
D
O
E
S
A
P
A
Z
A
L
P
A
Z
A
L
P
E
R
O
M
A
C
Y
S
E
D
A
N
E
M
O
R
P
S
G
N
I
R
P
S
M
R
A
W
V
E
D
-
E
C
A
L
P
T
E
K
R
A
M
A
E
R
D
N
A
D
’
S
S
A
L
G
O
T
U
A
S
Y
U
G
O
W
T
E
R
O
T
S
G
U
R
D
E
S
E
V
O
N
E
G
Y
A
W
H
G
I
H
S
G
N
I
K
G
N
I
D
L
I
U
B
K
N
A
B
Y
E
K
N
O
T
P
M
A
H
E
G
D
I
R
B
R
E
T
N
E
C
A
S
U
P
M
O
C
A
Z
A
L
P
E
T
N
O
M
L
E
D
A
Z
A
L
P
L
L
I
H
E
L
T
S
A
C
S
S
U
A
R
T
S
E
U
N
E
V
A
A
C
I
T
U
S
S
U
A
R
T
S
E
R
O
H
S
Y
A
B
T
A
T
E
K
R
A
M
D
A
O
R
L
L
I
H
N
U
G
&
E
V
A
S
E
N
R
A
B
E
U
N
E
V
A
H
P
L
A
R
-
T
R
O
P
E
M
O
H
E
R
O
M
L
L
E
B
A
Z
A
L
P
N
E
L
L
U
K
G
N
I
K
Y
A
W
D
A
O
R
B
9
5
9
5
T
E
E
R
T
S
1
3
2
R
E
T
N
E
C
N
W
O
T
P
I
L
S
I
L
A
R
T
N
E
C
-
I
D
K
K
C
A
M
M
O
C
A
Z
A
L
P
D
O
O
W
H
C
R
I
B
C
S
K
R
A
M
H
T
A
P
C
S
D
R
A
V
E
L
U
O
B
A
N
E
S
S
I
K
E
R
A
U
Q
S
N
I
L
K
N
A
R
F
T
N
O
M
L
E
S
Y
A
B
N
O
T
P
M
A
H
E
L
L
I
V
S
K
C
I
H
D
A
O
R
N
A
M
T
I
H
W
T
L
A
W
0
0
1
N
O
I
T
A
T
S
S
A
G
O
C
O
M
A
P
B
E
U
N
E
V
A
Y
T
R
E
B
I
L
S
S
U
A
R
T
S
151
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
3
0
0
2
)
A
(
5
0
0
2
)
A
(
9
9
9
1
)
A
(
4
0
0
2
)
A
(
4
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
9
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
5
0
0
2
)
A
(
8
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
7
0
0
2
)
A
(
3
0
0
2
)
C
(
9
6
9
1
)
C
(
2
7
9
1
)
A
(
5
0
0
2
)
C
(
0
9
9
1
)
A
(
9
8
9
1
)
A
(
7
9
9
1
)
A
(
5
0
0
2
)
A
(
6
0
0
2
)
A
(
5
0
0
2
)
A
(
3
9
9
1
)
A
(
4
0
0
2
)
A
(
8
9
9
1
)
A
(
5
0
0
2
)
C
(
5
7
9
1
)
A
(
9
9
9
1
)
C
(
2
7
9
1
)
C
(
5
7
9
1
)
A
(
6
8
9
1
)
C
(
2
7
9
1
)
C
(
3
7
9
1
)
A
(
8
8
9
1
)
A
(
8
8
9
1
)
A
(
8
8
9
1
)
A
(
8
8
9
1
)
A
(
2
9
9
1
)
A
(
9
9
9
1
)
A
(
2
9
9
1
)
A
(
0
0
0
2
)
A
(
9
9
9
1
S
E
C
N
A
R
B
M
U
C
N
E
0
8
8
,
6
2
2
,
4
1
7
8
7
,
6
0
8
,
9
1
5
3
1
,
5
9
6
,
6
0
0
0
,
0
0
7
,
8
3
0
2
,
1
6
9
,
2
7
1
6
,
2
9
8
,
2
9
8
1
,
4
0
9
,
3
0
0
0
,
0
0
4
,
6
1
6
9
2
,
3
1
7
,
0
2
4
4
3
,
5
3
0
,
4
1
9
0
1
,
6
9
8
,
5
1
5
9
6
,
6
6
2
,
3
4
1
1
,
8
5
6
,
2
4
3
4
4
,
2
3
8
4
3
7
,
7
8
4
,
1
3
9
6
,
4
8
6
,
7
1
9
6
9
,
0
5
6
,
1
5
5
7
,
6
4
0
,
7
3
3
3
5
,
6
9
6
,
6
7
7
2
,
1
1
2
,
6
0
5
4
,
2
0
3
,
0
1
2
7
8
,
1
1
5
,
3
6
3
8
,
6
6
6
,
1
3
1
3
,
6
5
3
,
4
1
4
2
7
,
2
1
4
,
2
1
9
0
2
,
6
7
0
,
3
4
4
7
,
2
9
9
,
3
2
2
4
,
7
3
8
,
3
7
0
7
,
0
3
2
,
5
3
0
1
,
7
9
7
,
0
2
4
0
2
,
9
3
2
,
0
4
0
1
3
,
5
4
3
8
4
8
,
2
9
0
,
6
3
7
6
,
3
7
6
,
0
1
1
0
0
,
8
3
8
,
3
4
4
0
,
1
6
8
7
7
5
,
4
9
5
,
8
7
7
0
,
6
7
9
,
1
1
1
6
8
,
4
0
2
,
9
2
8
1
,
8
4
5
,
4
8
2
5
1
,
3
3
7
,
2
1
4
7
7
,
1
0
6
,
3
5
3
0
,
7
2
9
,
6
7
5
2
,
4
6
8
,
2
1
9
9
,
6
6
8
,
2
4
8
4
,
1
1
7
,
3
9
8
5
,
3
5
1
,
2
9
6
9
,
4
2
5
,
2
9
7
5
,
0
7
7
,
2
5
3
3
,
1
0
4
,
2
0
4
3
,
1
9
3
,
2
1
9
1
,
0
0
8
5
4
0
,
3
1
7
,
2
8
5
2
,
8
9
2
,
3
6
6
9
,
7
5
8
,
1
0
9
1
,
6
2
9
,
3
4
4
0
,
2
0
4
,
1
1
0
1
9
,
8
4
0
,
2
4
7
9
,
4
9
4
,
2
1
2
6
9
,
5
1
1
,
4
1
5
4
,
9
5
9
,
6
3
0
3
,
2
2
1
,
3
7
1
4
,
0
8
7
,
5
4
5
8
7
0
7
,
3
4
3
0
5
1
,
6
7
1
,
1
9
1
8
,
7
8
4
,
1
2
8
6
,
9
8
3
,
2
5
7
3
,
4
7
0
,
0
2
5
8
4
,
2
0
2
4
5
4
,
3
5
8
,
1
3
3
8
,
4
5
3
,
2
1
9
8
5
,
1
0
4
,
9
4
6
0
6
,
4
3
9
1
6
3
,
5
1
9
9
4
8
,
2
2
0
,
1
9
9
1
6
2
2
,
5
3
1
4
2
4
,
9
4
—
9
3
0
,
3
8
2
3
6
5
,
2
3
3
8
0
0
,
1
1
3
6
9
3
,
0
4
3
9
3
1
,
1
3
6
,
7
6
2
1
,
4
3
2
,
7
1
1
8
,
7
1
2
,
1
1
1
7
0
,
2
1
5
,
3
2
6
0
,
2
0
8
,
1
6
3
7
,
5
0
4
,
4
1
4
2
7
,
2
1
4
,
2
1
8
4
2
,
9
5
3
,
3
6
0
3
,
5
2
3
,
4
0
3
4
,
8
4
1
,
4
3
0
1
,
1
7
5
,
5
3
9
3
,
9
0
3
,
1
6
9
4
,
6
0
1
,
2
2
2
8
9
,
4
1
4
1
3
,
6
5
3
9
7
,
0
5
5
,
4
5
8
5
,
4
9
5
,
7
4
2
2
,
7
5
4
4
8
4
,
3
7
8
6
1
5
,
1
2
0
5
0
,
1
8
9
,
7
4
4
2
,
8
8
8
,
3
4
2
6
,
1
0
4
6
8
1
,
4
5
2
,
0
4
2
4
6
,
3
4
6
,
0
1
8
5
2
,
8
6
2
,
8
1
5
2
2
,
5
9
2
,
4
8
2
5
,
4
3
7
,
1
7
2
6
,
5
7
5
,
6
1
1
2
3
,
4
6
8
,
5
1
7
7
3
,
6
2
2
,
9
3
8
4
,
1
2
9
,
5
1
5
6
6
,
9
6
4
,
0
0
1
6
9
6
,
2
2
4
,
2
7
8
7
,
1
7
5
,
4
0
4
2
,
5
1
3
,
1
9
2
6
,
5
9
4
,
1
6
2
6
,
1
5
3
2
1
0
,
0
7
7
,
2
1
8
5
,
5
9
6
,
2
2
8
1
,
2
7
3
,
3
4
5
2
,
0
8
1
,
6
3
8
0
,
2
1
3
,
4
2
5
7
,
1
8
5
,
4
2
7
0
,
4
6
0
,
2
3
0
3
,
3
1
0
,
3
1
7
2
,
8
9
5
,
3
1
8
9
,
0
8
0
,
3
1
5
0
,
4
6
1
,
4
0
2
1
,
6
4
2
,
5
5
6
4
,
4
6
6
,
2
8
4
8
,
5
5
1
,
5
1
1
6
5
,
3
7
1
,
8
4
7
2
,
2
4
2
,
8
6
8
8
,
9
5
3
,
4
6
1
6
,
8
1
2
,
3
6
9
4
,
1
8
4
,
6
9
6
1
,
9
4
8
,
4
0
5
1
,
7
9
8
,
5
3
3
8
,
0
5
9
,
8
8
1
4
,
3
1
7
,
6
1
9
0
,
3
7
9
,
6
3
6
2
,
4
6
8
,
2
8
4
3
,
6
2
7
,
5
8
2
5
,
6
9
8
,
6
7
4
9
,
8
3
9
,
4
0
4
2
,
0
9
0
,
8
4
6
1
,
8
4
6
,
6
1
5
7
3
,
3
1
7
,
4
2
5
7
,
4
4
1
,
0
1
6
2
7
,
9
3
6
,
2
2
3
8
7
,
2
4
9
5
2
0
,
7
7
6
,
1
5
4
7
,
8
5
0
,
5
7
7
4
,
6
3
6
,
8
7
8
0
,
2
1
4
,
3
3
0
5
1
,
6
7
1
,
1
8
8
2
,
2
2
2
1
,
7
9
7
,
6
1
2
7
8
,
2
0
4
,
1
9
4
6
,
9
7
9
,
4
4
6
2
1
,
9
5
7
,
5
0
1
3
,
3
5
3
,
5
1
1
8
,
7
6
0
,
7
5
6
6
,
4
5
1
9
,
3
3
4
,
1
6
3
7
,
7
7
8
,
0
1
—
2
7
3
,
2
4
8
,
2
6
0
3
,
0
0
4
,
3
0
3
4
,
3
2
2
,
3
3
0
6
,
8
0
3
,
4
7
6
5
,
5
2
3
6
6
8
,
0
7
6
,
5
1
6
8
1
,
4
0
0
,
4
3
9
4
9
,
9
7
3
,
0
1
0
1
7
,
1
9
3
,
7
1
1
1
5
,
5
8
1
,
3
3
7
8
,
7
2
6
,
1
7
2
6
,
5
9
2
,
4
1
6
9
8
,
5
1
7
,
2
1
3
3
6
,
5
2
6
,
3
9
2
1
,
6
4
7
,
1
7
6
5
2
,
7
9
5
,
0
1
3
4
8
,
8
8
3
,
6
0
0
5
,
4
6
4
,
6
9
0
9
,
7
8
4
,
3
8
5
1
,
6
3
4
,
2
9
1
2
,
4
4
0
,
6
4
1
9
,
8
8
2
,
4
1
6
5
,
1
9
3
,
5
8
6
0
,
9
7
1
,
8
0
9
1
,
8
7
0
,
6
6
0
1
,
0
8
1
,
6
4
0
2
,
1
9
3
,
2
3
6
9
,
0
9
8
,
4
1
5
3
,
0
4
0
,
6
0
3
4
,
4
7
1
,
4
6
3
4
,
0
2
1
,
7
1
5
9
,
2
6
3
,
5
1
2
3
1
,
3
8
1
,
4
3
7
0
,
4
3
4
,
9
1
6
8
3
,
9
5
3
,
4
7
7
4
,
6
9
0
,
7
—
1
3
5
,
5
8
4
,
1
3
5
2
,
7
7
2
,
3
2
8
5
,
0
5
4
9
3
9
,
1
2
4
,
4
3
1
0
,
2
7
8
,
1
6
1
8
,
0
8
8
,
1
0
0
0
,
0
5
1
,
4
6
0
4
,
7
0
5
,
3
7
4
1
,
8
6
3
0
0
0
,
8
2
5
,
3
4
2
7
,
2
1
4
,
2
1
6
7
8
,
6
1
5
0
0
0
,
5
2
9
0
0
0
,
5
2
9
0
0
5
,
2
6
2
,
1
0
3
6
,
5
3
4
,
6
0
0
0
,
0
5
2
,
6
6
5
0
,
6
7
3
9
6
,
3
6
2
8
4
5
,
6
7
8
5
5
6
,
6
0
1
4
1
7
,
9
0
1
,
1
0
0
0
,
0
8
2
,
2
4
2
4
,
8
4
1
,
3
4
4
7
,
0
0
6
,
5
6
3
5
,
3
2
7
,
8
2
2
9
5
,
8
5
5
,
4
8
1
7
,
4
8
7
,
1
5
7
7
,
7
7
7
,
1
7
7
9
,
1
7
8
9
5
4
,
2
8
7
7
7
2
,
7
3
4
5
5
2
,
0
6
5
0
9
5
,
5
0
5
5
6
7
,
1
7
7
8
2
2
,
5
3
6
5
8
9
,
2
9
7
0
6
0
,
3
7
4
6
8
3
,
5
3
8
8
7
1
,
6
5
8
7
1
5
,
4
6
7
4
0
8
,
9
6
9
3
1
2
,
5
8
2
,
1
3
4
2
,
0
3
5
3
5
6
,
5
0
2
,
3
9
5
3
,
9
9
6
0
0
0
,
0
4
5
,
1
7
0
6
9
3
5
3
1
5
,
1
5
3
4
0
9
,
5
3
6
,
3
5
9
4
,
1
7
0
,
3
3
3
4
5
,
5
7
1
,
1
9
4
7
,
1
8
1
2
,
1
6
1
,
3
1
9
5
3
,
1
5
0
,
1
7
7
7
,
8
6
6
,
5
2
8
0
8
,
5
6
1
,
9
1
2
8
7
7
8
1
,
1
3
9
1
6
7
,
4
6
9
)
2
8
8
,
2
5
4
(
)
5
3
0
,
1
8
5
,
4
(
—
—
8
1
8
,
7
7
3
7
9
4
,
6
6
1
2
0
8
,
7
7
3
5
7
1
,
8
3
8
)
2
5
7
,
5
6
0
,
5
(
—
2
1
9
,
9
2
0
,
2
1
8
1
9
,
5
9
7
,
9
1
5
0
,
6
9
6
,
2
1
8
7
1
,
6
9
5
6
7
6
,
1
5
5
,
1
6
7
6
,
7
6
2
,
5
7
5
3
,
2
1
1
,
1
)
7
2
8
,
2
6
1
,
3
(
2
6
8
,
3
1
5
,
3
3
8
4
8
,
5
5
1
)
7
2
1
,
3
3
3
,
3
(
6
0
6
,
0
1
0
,
2
—
0
2
4
,
0
1
6
7
9
9
,
1
3
1
,
4
4
8
4
,
9
7
3
5
2
4
,
3
4
4
,
3
8
0
5
,
0
2
1
,
2
8
6
4
,
3
5
0
,
3
5
7
0
,
1
2
7
,
4
8
6
0
,
6
1
0
,
1
2
6
3
,
3
9
7
,
2
0
3
8
,
4
4
8
,
3
0
3
8
,
0
4
3
,
2
0
2
9
,
7
7
1
,
3
3
9
5
,
0
5
6
,
0
1
3
4
9
,
4
9
3
1
4
3
,
4
1
8
,
4
9
3
3
,
7
4
2
,
1
9
7
0
,
8
1
9
0
4
9
,
7
2
8
,
4
9
4
5
,
8
8
3
,
4
2
9
6
,
0
2
5
,
7
6
2
1
,
4
7
9
0
,
8
5
9
,
4
6
3
7
,
7
7
8
,
0
1
—
0
5
7
,
8
1
3
,
6
6
7
6
,
4
7
9
,
2
3
3
9
,
6
5
0
,
3
1
0
8
,
0
3
9
,
3
1
2
3
,
3
4
1
,
6
1
4
7
2
,
4
7
9
,
1
2
7
6
5
,
5
2
3
1
3
0
,
4
8
5
7
9
1
,
6
7
9
5
6
,
5
9
6
,
4
3
3
3
,
9
8
5
,
2
1
5
9
,
7
2
0
,
9
4
6
9
,
1
1
8
,
1
1
0
6
4
,
8
8
7
,
6
7
6
2
,
2
3
2
,
8
3
8
0
4
,
1
4
4
,
0
1
0
7
9
,
1
2
7
,
9
4
9
8
,
3
5
4
,
4
9
0
9
,
7
8
4
,
3
7
3
7
,
5
2
8
,
1
2
2
2
,
2
1
9
,
1
0
3
4
,
9
0
9
,
3
5
3
1
,
8
4
9
,
1
0
6
5
,
8
5
0
,
6
2
2
7
,
4
2
0
,
3
1
3
0
,
9
5
4
,
1
5
9
1
,
8
4
8
,
1
0
0
6
,
7
9
0
,
2
0
2
5
,
5
9
1
,
2
0
0
6
,
3
3
8
,
1
6
5
8
,
9
2
9
,
3
8
5
3
,
2
1
7
,
4
9
8
1
,
8
8
7
,
3
2
3
7
,
9
1
6
,
4
1
7
4
0
,
2
1
1
,
3
8
9
3
,
8
7
1
,
6
0
3
3
,
8
6
3
,
2
1
)
H
T
U
O
S
&
H
T
R
O
N
(
A
Z
A
L
P
D
O
O
W
H
C
R
I
B
—
1
3
5
,
5
8
4
,
1
4
5
2
,
7
7
2
,
3
2
8
5
,
0
5
4
3
0
0
,
7
6
5
,
4
3
1
0
,
2
7
8
,
1
6
1
8
,
0
8
8
,
1
0
0
0
,
0
5
1
,
4
2
6
1
,
7
0
5
,
3
0
0
0
,
5
2
4
,
1
0
0
0
,
8
2
5
,
3
4
2
7
,
2
1
4
,
2
1
0
5
2
,
6
0
1
,
2
3
1
8
,
2
7
9
0
0
0
,
5
2
9
0
0
5
,
2
6
2
,
1
0
0
0
,
5
2
1
,
5
0
0
0
,
0
5
2
,
6
6
5
0
,
6
7
3
9
6
,
3
6
2
8
4
5
,
6
7
8
5
5
6
,
6
0
1
4
1
7
,
9
0
1
,
1
0
0
0
,
0
8
2
,
2
0
0
0
,
0
4
9
,
2
4
4
7
,
0
0
6
,
5
6
3
5
,
3
2
7
,
8
2
2
9
5
,
8
5
5
,
4
8
1
7
,
4
8
7
,
1
5
7
7
,
7
7
7
,
1
7
7
9
,
1
7
8
9
5
4
,
2
8
7
7
7
2
,
7
3
4
5
5
2
,
0
6
5
0
9
5
,
5
0
5
5
6
7
,
1
7
7
8
2
2
,
5
3
6
5
8
9
,
2
9
7
—
6
8
3
,
5
3
8
8
7
1
,
6
5
8
7
1
5
,
4
6
7
4
6
4
,
2
8
9
3
1
2
,
5
8
2
,
1
3
4
2
,
0
3
5
3
5
6
,
5
0
2
,
3
9
5
3
,
9
9
6
0
0
0
,
0
4
5
,
1
R
E
T
N
E
C
G
N
I
P
P
O
H
S
N
O
T
S
A
L
G
U
O
D
C
L
L
E
R
U
T
N
E
V
T
E
S
S
A
H
N
A
M
D
V
L
B
K
C
I
R
R
E
M
S
S
U
A
R
T
S
E
D
A
E
R
E
N
A
U
D
-
S
N
E
E
U
Q
H
T
E
P
S
A
M
Y
A
W
D
A
O
R
B
H
T
R
O
N
1
0
5
/
)
L
P
(
E
N
A
L
Y
R
R
E
M
A
U
Q
E
P
A
S
S
A
M
C
S
A
L
O
E
N
M
I
)
T
O
L
D
N
A
L
(
E
V
I
R
D
K
R
A
P
D
O
O
W
H
C
R
I
B
T
E
E
R
T
S
R
E
K
E
E
L
B
9
6
3
-
7
6
3
A
Z
A
L
P
N
W
O
T
H
T
I
M
S
Y
A
W
D
A
O
R
B
2
5
4
4
T
E
E
R
T
S
Y
R
R
E
P
2
9
T
E
E
R
T
S
R
E
H
P
O
T
S
I
R
H
C
2
8
I
T
E
E
R
T
S
H
C
W
N
E
E
R
G
9
1
T
E
E
R
T
S
R
E
K
E
E
L
B
7
8
3
M
A
D
N
A
V
0
0
1
Y
T
I
U
Q
E
.
F
E
R
P
T
E
E
R
T
S
T
S
1
2
T
S
E
W
0
3
-
Y
T
I
U
Q
E
.
F
E
R
P
P
O
H
S
R
E
L
F
F
U
M
N
A
C
I
R
E
M
A
E
U
N
E
V
A
A
C
I
A
M
A
J
S
S
U
A
R
T
S
E
I
S
P
E
E
K
H
G
U
O
P
W
E
I
V
N
I
A
L
P
D
N
A
L
S
I
N
E
T
A
T
S
P
O
H
S
N
P
O
T
S
A
Z
A
L
P
D
N
A
L
S
I
N
E
T
A
T
S
A
Z
A
L
P
N
A
L
Y
H
D
N
A
L
S
I
N
E
T
A
T
S
D
N
A
L
S
I
N
E
T
A
T
S
Y
N
,
T
E
S
S
O
Y
S
E
U
N
E
V
A
E
N
I
A
M
O
R
S
S
U
A
R
T
S
O
O
L
R
E
T
A
W
N
O
R
K
A
.
T
S
T
E
K
R
A
M
T
S
E
W
S
N
I
A
L
P
E
T
I
H
W
S
E
T
A
G
T
S
E
W
S
R
E
K
N
O
Y
N
O
T
R
E
B
R
A
B
I
K
C
W
S
N
U
R
B
K
E
E
R
C
R
E
V
A
E
B
E
G
D
I
R
B
M
A
C
.
D
R
E
S
R
O
M
N
O
T
N
A
C
.
D
R
N
O
T
L
I
M
A
H
.
D
R
R
E
V
I
R
Y
G
N
A
T
N
E
L
O
152
A
Z
A
L
P
E
G
D
I
R
D
N
A
L
H
G
I
H
G
N
I
S
S
O
R
C
Y
A
W
N
E
L
G
E
V
A
Y
A
W
N
E
L
G
E
L
A
D
G
N
I
R
P
S
D
A
O
R
E
G
D
I
R
.
T
S
D
A
O
R
B
W
.
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
0
3
3
,
8
6
3
,
2
1
2
9
5
,
0
4
3
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
C
(
9
6
9
1
)
A
(
4
8
9
1
)
A
(
8
8
9
1
)
A
(
8
8
9
1
)
A
(
9
9
9
1
)
A
(
5
9
9
1
)
A
(
7
8
9
1
)
A
(
9
9
9
1
)
A
(
8
8
9
1
)
C
(
9
9
9
1
)
A
(
9
9
9
1
)
C
(
1
0
0
2
)
A
(
8
0
0
2
)
A
(
5
9
9
1
)
A
(
9
9
9
1
)
A
(
8
8
9
1
)
A
(
7
9
9
1
)
A
(
8
9
9
1
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
C
(
6
0
0
2
)
A
(
9
0
0
2
)
A
(
9
0
0
2
)
A
(
4
0
0
2
)
A
(
7
0
0
2
)
A
(
0
0
0
2
)
A
(
5
0
0
2
)
A
(
9
9
9
1
)
A
(
6
9
9
1
)
A
(
8
0
0
2
)
C
(
6
0
0
2
)
C
(
3
7
9
1
)
A
(
8
0
0
2
)
A
(
9
9
9
1
)
A
(
6
9
9
1
)
A
(
7
9
9
1
)
A
(
5
0
0
2
)
A
(
6
9
9
1
)
A
(
6
8
9
1
)
A
(
2
0
0
2
)
C
(
0
0
0
2
)
A
(
6
9
9
1
)
A
(
4
8
9
1
)
A
(
6
8
9
1
3
5
2
,
1
8
3
,
9
9
5
5
0
,
7
3
2
,
8
4
9
8
,
8
8
2
,
4
1
7
5
7
,
8
1
4
,
4
6
3
7
,
4
8
2
,
2
3
5
6
,
7
0
4
,
1
7
6
2
,
2
3
9
,
4
6
2
3
,
4
7
4
,
2
9
7
3
,
6
9
0
,
4
2
7
3
,
7
0
2
,
3
4
9
2
,
1
9
1
,
3
0
5
2
,
0
6
3
,
1
0
3
5
,
1
6
2
,
2
3
5
3
,
4
9
4
,
2
1
1
2
,
7
6
0
,
2
4
2
9
,
4
4
7
,
9
0
0
7
,
0
6
2
,
1
5
0
2
,
5
8
0
,
2
1
0
3
,
6
5
4
,
1
8
3
1
,
8
2
9
,
4
6
5
0
,
2
5
3
,
3
0
8
8
,
5
8
6
,
4
9
4
2
,
6
2
5
,
7
5
4
6
,
5
4
0
,
3
8
8
2
,
2
1
2
,
8
1
5
1
2
,
0
7
2
,
6
8
3
3
,
3
5
2
,
7
8
8
5
,
3
3
1
,
8
1
0
0
5
,
2
6
0
,
5
3
9
0
,
2
7
8
,
1
2
3
6
3
,
4
4
6
,
4
6
2
4
,
3
9
5
,
0
1
7
2
2
,
4
5
9
,
4
8
5
7
,
6
0
7
,
5
2
5
6
0
,
2
0
1
,
4
2
2
9
6
2
,
7
6
5
,
1
1
6
3
9
,
0
5
1
,
1
1
3
2
,
6
6
4
,
2
3
4
6
,
7
4
2
,
3
1
5
5
,
5
2
9
,
0
2
1
4
5
,
2
2
9
,
2
3
2
5
2
,
9
8
7
,
1
2
3
9
,
1
0
3
,
5
6
0
8
,
6
1
8
,
3
6
6
5
,
8
5
6
,
2
0
5
6
,
4
0
9
,
4
1
1
9
,
6
3
3
,
2
7
3
5
,
9
2
9
,
1
2
0
8
,
9
9
8
0
0
,
9
8
8
,
4
8
6
9
,
0
7
0
,
2
6
6
5
,
8
5
6
,
2
5
1
7
,
9
8
7
,
2
0
8
4
,
7
7
8
5
6
2
,
8
3
1
8
9
,
7
2
1
2
0
8
,
7
7
6
,
2
4
9
9
,
7
5
6
,
5
3
0
9
,
8
4
2
,
3
0
4
9
,
5
8
4
,
3
8
1
9
,
4
7
6
,
1
—
5
4
2
,
4
2
7
,
2
9
0
1
,
5
8
3
,
2
7
8
1
,
1
2
5
,
7
5
7
0
,
8
1
2
7
5
6
,
8
8
2
,
2
—
7
6
2
,
8
6
7
,
6
7
1
4
,
4
8
3
,
1
4
8
4
,
3
7
2
,
4
6
2
8
,
3
0
9
,
5
4
3
5
,
0
0
1
,
1
9
5
3
,
1
6
2
,
6
2
4
0
,
8
2
2
4
3
,
8
5
8
3
0
,
6
9
2
—
—
5
2
5
,
0
8
4
2
2
,
3
1
2
3
9
8
,
1
3
7
1
9
,
5
4
4
,
1
8
4
2
,
0
6
0
,
5
8
2
1
,
2
5
1
,
5
3
7
3
,
4
5
7
,
9
5
7
2
,
6
5
4
,
6
4
3
2
,
7
7
6
,
6
8
6
1
,
5
3
0
,
3
0
3
5
,
1
6
2
,
2
8
9
5
,
8
1
2
,
5
1
2
3
,
2
5
4
,
4
1
1
1
,
6
6
2
,
7
1
5
7
7
,
8
7
4
,
1
2
6
8
,
3
7
3
,
4
1
0
3
,
6
5
4
,
1
5
0
4
,
6
9
6
,
1
1
3
7
4
,
6
3
7
,
4
4
6
3
,
9
5
9
,
8
5
7
0
,
0
3
4
,
3
1
9
7
1
,
6
4
1
,
4
6
4
6
,
3
7
4
,
4
2
7
5
2
,
8
9
2
,
6
0
8
6
,
1
1
3
,
7
6
2
6
,
9
2
4
,
8
1
0
0
5
,
2
6
0
,
5
8
1
6
,
2
5
9
,
1
2
3
6
3
,
4
4
6
,
4
0
5
6
,
6
0
8
,
0
1
0
2
1
,
6
8
9
,
4
3
1
5
,
3
1
4
,
4
1
7
2
,
0
2
1
,
0
3
5
5
2
,
6
7
3
,
7
1
9
1
3
,
8
7
4
,
1
4
2
7
4
6
,
3
9
9
,
2
6
1
9
,
0
6
5
,
4
1
2
6
6
,
5
1
5
2
4
,
0
5
8
0
1
4
,
2
5
8
0
0
2
,
5
7
6
,
1
4
2
2
,
4
2
4
,
1
0
8
1
,
7
7
8
,
2
9
2
0
,
1
7
4
1
2
2
,
5
5
2
,
1
3
7
8
,
0
0
0
,
1
8
6
9
,
1
2
8
,
1
9
7
7
,
6
5
8
5
7
,
1
1
7
3
7
9
,
7
4
7
8
9
5
,
6
6
1
,
1
5
5
6
,
6
1
3
,
3
3
4
8
,
2
2
9
,
4
1
6
9
,
7
7
7
,
1
2
6
6
7
,
6
4
3
,
4
3
2
3
4
,
6
6
6
,
4
1
6
9
,
2
7
7
,
5
6
2
0
,
2
7
0
,
5
9
3
4
,
9
5
6
,
3
7
1
6
,
6
2
7
,
6
0
9
6
,
3
9
3
,
2
5
9
2
,
1
4
6
,
2
5
7
7
,
7
4
8
0
6
1
,
7
9
1
,
6
8
6
1
,
6
8
0
,
1
1
2
9
6
,
1
9
3
3
7
8
,
0
0
0
,
1
3
5
2
,
6
1
9
,
3
7
2
8
,
8
6
8
,
2
0
6
6
,
2
6
4
,
2
9
3
4
,
9
5
6
,
3
8
6
9
,
5
0
7
,
6
7
0
3
,
6
4
7
,
3
3
4
8
,
3
4
7
4
5
3
,
9
2
5
,
4
6
4
9
,
6
4
0
,
4
1
5
7
,
4
0
6
,
8
1
6
9
,
0
9
7
,
5
8
3
7
,
6
8
4
,
5
4
1
9
,
8
2
0
,
3
—
3
0
3
,
7
4
8
,
4
9
7
7
,
2
1
8
,
3
7
3
6
,
1
3
0
,
5
1
3
4
5
,
4
8
1
,
1
5
4
0
,
7
4
7
,
3
7
9
5
,
4
3
5
1
6
8
,
0
4
4
,
0
1
2
8
4
,
5
2
1
,
4
6
9
1
,
8
7
4
,
8
4
4
6
,
9
7
3
,
2
1
3
4
1
,
9
6
6
,
3
2
1
0
,
3
2
8
,
9
1
7
5
2
,
4
4
6
,
3
0
8
6
,
4
8
5
,
4
4
0
2
,
7
2
6
,
2
1
—
0
2
8
,
1
1
0
,
3
1
6
3
0
,
2
8
5
0
1
9
,
3
5
8
,
9
1
6
5
,
4
5
0
,
3
1
7
2
,
0
2
1
,
0
3
8
4
4
,
8
9
1
,
0
7
1
1
9
3
,
9
7
6
,
1
1
3
0
9
,
1
1
9
5
5
6
,
6
1
3
,
3
6
5
9
,
0
9
1
,
4
1
9
2
,
4
4
6
,
5
1
7
7
4
,
6
5
5
,
5
2
2
3
4
,
6
1
6
,
3
4
2
6
,
7
4
2
,
4
0
6
3
,
5
9
8
,
4
1
5
5
,
7
2
9
,
2
6
1
6
,
7
3
8
,
5
1
1
3
,
9
9
0
,
2
4
7
7
,
0
2
1
,
2
9
4
1
,
3
7
7
0
8
2
,
3
3
6
,
0
1
7
7
6
,
7
6
9
,
1
1
5
5
,
7
2
9
,
2
4
8
8
,
1
3
9
,
5
2
6
3
,
4
2
2
,
3
4
7
0
,
2
0
7
3
9
8
,
0
3
5
3
8
1
,
5
0
1
,
1
2
2
6
,
9
4
1
,
1
4
1
3
,
5
6
6
6
9
4
,
0
9
1
,
1
4
5
2
,
6
0
3
5
,
1
6
2
,
2
5
9
2
,
1
7
3
2
4
5
,
9
3
6
4
7
4
,
4
3
2
,
2
2
3
2
,
4
9
2
8
1
8
,
6
2
6
4
0
7
,
1
2
9
1
9
9
,
0
1
6
7
6
1
,
1
8
4
4
4
5
,
5
5
2
,
1
6
3
0
,
7
7
4
1
3
4
,
0
5
0
,
1
4
3
6
,
0
5
6
,
4
0
0
0
,
4
5
6
,
2
0
0
0
,
7
2
7
,
2
2
2
4
,
2
0
8
,
5
0
0
5
,
2
6
0
,
5
8
9
7
,
0
4
9
,
8
7
2
3
,
2
6
0
,
4
0
4
7
,
2
5
9
9
5
5
,
1
3
9
,
1
—
1
7
8
,
9
7
2
,
1
7
4
9
6
,
4
5
2
5
2
5
,
1
8
8
,
2
—
8
8
8
,
1
3
7
0
7
6
,
3
3
1
,
6
8
8
2
,
0
9
7
,
8
0
0
0
,
0
5
0
,
1
7
3
3
,
5
2
5
,
1
6
6
6
,
6
7
1
8
8
8
,
1
3
7
1
0
0
,
9
8
8
8
7
3
,
4
9
2
1
2
5
,
0
2
5
6
2
6
,
4
7
8
8
8
,
2
5
4
2
8
9
,
4
9
4
8
8
8
,
1
3
7
4
8
0
,
4
7
7
5
4
9
,
1
2
5
0
8
3
,
6
7
9
9
6
,
6
2
2
,
3
2
9
2
,
6
1
4
,
3
6
6
8
,
8
6
1
,
4
3
4
1
,
3
4
4
,
5
4
5
7
,
4
2
7
—
—
3
8
6
,
9
2
1
9
6
,
8
5
2
,
2
7
3
6
,
3
8
3
,
5
3
4
5
,
4
8
1
,
1
0
0
0
,
5
3
3
6
4
,
7
6
6
6
5
6
,
2
0
3
,
1
6
3
8
,
5
3
7
,
1
7
3
6
,
9
3
3
,
4
8
1
8
,
7
4
3
4
8
9
,
1
6
7
,
4
4
1
9
,
8
2
0
,
3
—
6
2
9
,
5
5
4
,
2
6
9
0
,
3
8
7
,
3
0
0
0
,
8
4
6
,
9
—
5
4
0
,
2
1
7
,
3
)
4
7
5
,
7
2
3
,
2
(
—
3
7
6
,
3
9
9
,
8
7
1
5
,
3
5
6
,
1
6
4
4
,
0
3
5
,
2
8
2
0
,
8
7
1
,
8
0
5
6
,
7
7
5
0
7
,
8
1
2
,
1
—
—
—
—
—
6
7
4
,
8
9
1
,
2
5
6
9
,
1
7
4
,
2
1
5
7
,
7
4
9
,
5
6
1
6
,
1
0
2
,
4
3
9
4
,
1
9
5
,
3
7
0
3
,
4
0
6
,
8
1
7
5
2
,
4
4
6
,
3
0
8
6
,
4
8
5
,
4
4
0
2
,
7
2
6
,
2
1
—
0
2
8
,
1
1
0
,
3
1
6
3
0
,
2
8
5
—
—
—
4
9
0
,
9
5
7
6
0
,
7
4
4
,
4
9
8
2
,
3
5
1
)
4
1
4
,
1
6
(
7
4
7
,
7
1
5
2
3
,
5
4
4
0
4
,
3
6
2
,
1
0
1
9
,
3
5
8
,
9
1
6
5
,
4
5
0
,
3
1
0
1
,
6
2
5
,
1
1
8
1
3
,
3
7
9
8
0
9
,
8
9
2
,
3
1
5
5
,
7
2
9
,
2
2
1
0
,
5
0
6
,
5
1
7
7
4
,
6
5
2
,
5
2
—
)
8
0
1
,
4
(
4
0
8
,
3
4
2
,
1
—
—
4
3
5
,
4
9
6
1
9
6
,
8
3
9
1
5
,
1
0
1
8
2
7
,
4
7
0
,
3
3
4
0
,
8
6
9
,
3
8
2
4
,
3
2
0
,
2
—
0
4
0
,
6
7
6
9
9
2
,
5
5
3
,
3
8
2
6
,
2
7
3
,
2
2
3
7
,
1
5
2
,
4
0
6
3
,
5
9
8
,
4
1
5
5
,
7
2
9
,
2
8
8
8
,
2
6
7
,
2
8
7
7
,
4
0
4
,
1
3
8
0
,
2
8
0
,
2
0
3
6
,
1
7
6
8
3
2
,
5
6
6
,
6
—
1
5
5
,
7
2
9
,
2
5
3
5
,
4
6
6
,
2
2
2
3
,
8
4
5
,
2
—
4
7
0
,
2
0
7
3
9
8
,
0
3
5
0
7
8
,
5
4
2
,
1
4
1
3
,
5
6
6
6
9
4
,
0
9
1
,
1
4
5
2
,
6
0
3
5
,
1
6
2
,
2
1
8
9
,
3
0
5
2
4
5
,
9
3
6
4
7
4
,
4
3
2
,
2
2
3
2
,
4
9
2
8
1
8
,
6
2
6
5
7
8
,
3
8
7
,
3
6
5
2
,
4
0
5
1
9
9
,
0
1
6
7
6
1
,
1
8
4
6
3
0
,
7
7
4
1
3
4
,
0
5
0
,
1
4
3
6
,
0
5
6
,
4
0
0
0
,
4
5
6
,
2
0
0
0
,
7
2
7
,
2
2
2
4
,
2
0
8
,
5
0
0
5
,
2
6
0
,
5
8
9
7
,
0
4
9
,
8
7
2
3
,
2
6
0
,
4
0
4
7
,
2
5
9
9
5
5
,
1
3
9
,
1
—
4
9
6
,
4
5
2
5
2
5
,
1
8
8
,
2
8
8
8
,
1
3
7
3
2
6
,
7
2
1
,
6
8
8
2
,
0
9
0
,
9
0
0
0
,
0
5
0
,
1
7
3
3
,
5
2
5
,
1
6
6
6
,
6
7
1
8
8
8
,
1
3
7
1
0
0
,
9
8
8
8
7
3
,
4
9
2
1
2
5
,
0
2
5
6
2
6
,
4
7
8
8
8
,
2
5
4
2
3
2
,
9
3
4
8
8
8
,
1
3
7
4
3
1
,
6
8
6
5
4
9
,
1
2
5
7
7
1
,
1
6
0
,
0
3
—
1
8
3
,
1
5
3
,
6
6
1
1
7
8
,
9
7
6
,
0
7
A
Z
A
L
P
Y
R
E
M
O
G
T
N
O
M
.
D
R
G
N
I
R
P
S
H
O
L
I
H
S
A
Z
A
L
P
D
N
A
L
H
G
I
H
K
E
E
R
C
K
A
O
.
E
V
A
M
E
L
A
S
G
N
I
R
E
T
T
E
K
H
O
,
T
N
E
K
R
O
T
N
E
M
T
N
E
K
.
S
N
O
M
M
O
C
E
I
R
E
R
O
T
N
E
M
S
T
H
G
I
E
H
G
R
U
B
E
L
D
D
M
I
R
E
T
N
E
C
S
D
O
O
W
L
L
A
M
D
E
T
S
M
L
O
H
T
R
O
N
O
I
H
O
E
G
N
A
R
O
N
O
T
G
N
I
L
R
A
R
E
P
P
U
D
A
O
R
N
O
D
R
A
H
C
E
L
L
I
V
R
E
T
S
E
W
E
F
F
I
L
K
C
W
I
D
N
O
M
D
E
A
Z
A
L
P
L
A
I
N
N
E
T
N
E
C
A
Z
A
L
P
Y
N
A
B
L
A
R
E
T
N
E
C
G
N
I
P
P
O
H
S
E
R
A
U
Q
S
Y
B
N
A
C
N
O
I
T
C
N
U
J
Y
E
L
L
A
V
L
L
E
W
O
P
R
E
T
N
E
C
L
I
A
R
T
N
O
G
E
R
O
153
R
E
T
N
E
C
D
R
O
F
D
E
M
E
L
L
I
I
V
N
N
M
C
M
-
I
D
K
A
Z
A
L
P
R
E
E
N
O
I
P
T
E
K
R
A
M
E
L
A
D
T
U
O
R
T
E
R
A
U
Q
S
N
A
B
R
U
B
U
S
Y
N
E
H
G
E
L
L
A
A
Z
A
L
P
N
E
V
A
H
K
O
O
R
B
A
W
E
P
P
I
H
C
E
R
A
U
Q
S
R
E
T
N
E
C
A
Z
A
L
P
E
N
Y
A
W
E
I
G
E
N
R
A
C
G
N
I
S
S
O
R
C
G
R
U
B
S
R
E
B
M
A
H
C
G
R
U
B
S
D
U
O
R
T
S
T
S
A
E
A
Z
A
L
P
E
K
I
P
E
G
D
I
R
A
Z
A
L
P
N
O
T
X
E
E
L
L
I
V
R
E
T
S
A
E
F
G
R
U
B
S
Y
T
T
E
G
I
K
C
W
T
S
A
E
A
P
,
G
R
U
B
S
I
R
R
A
H
N
W
O
T
R
E
V
A
H
N
W
O
T
S
I
R
R
O
N
G
R
U
B
M
A
H
N
O
T
G
N
I
S
N
E
K
W
E
N
N
O
T
X
E
N
O
T
X
E
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
)
A
(
6
9
9
1
)
A
(
6
9
9
1
)
A
(
5
0
0
2
)
A
(
5
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
8
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
A
(
8
0
0
2
)
A
(
6
8
9
1
)
A
(
3
8
9
1
)
A
(
6
9
9
1
)
A
(
6
8
9
1
)
A
(
6
9
9
1
)
A
(
6
8
9
1
)
A
(
6
8
9
1
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
6
0
0
2
)
A
(
8
9
9
1
)
C
(
8
7
9
1
)
A
(
5
9
9
1
)
A
(
7
9
9
1
)
A
(
7
9
9
1
)
A
(
9
0
0
2
)
A
(
0
0
0
2
)
A
(
7
9
9
1
)
C
(
8
7
9
1
)
A
(
0
0
0
2
)
A
(
8
9
9
1
)
A
(
4
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
0
5
9
,
9
4
9
,
6
2
7
5
,
7
8
7
,
9
0
7
8
,
1
7
4
,
3
2
0
7
,
0
3
9
,
0
4
2
3
5
,
7
5
8
,
3
2
5
3
1
,
3
5
0
,
7
3
9
6
8
,
4
9
4
,
1
5
1
6
,
8
0
1
,
9
4
6
5
,
8
5
1
,
4
1
6
6
5
,
8
5
6
,
2
5
1
6
,
9
2
3
4
0
,
7
7
5
,
1
6
0
6
,
3
7
6
,
1
9
8
1
,
9
4
3
,
2
9
8
4
,
8
6
7
,
3
1
4
0
,
5
7
3
,
8
0
1
5
,
9
0
5
,
1
0
0
9
,
9
7
8
,
2
0
1
9
,
2
8
3
,
6
7
3
6
,
6
3
1
,
0
3
1
1
6
,
9
9
1
,
7
4
3
6
,
8
1
7
,
3
2
2
8
8
,
9
7
9
,
0
1
6
9
7
,
0
7
2
,
8
1
2
0
,
2
5
7
,
3
3
4
6
,
9
1
2
,
5
1
4
3
,
8
6
4
,
1
1
1
3
,
9
1
4
,
3
0
3
7
,
4
4
3
,
1
2
6
5
,
8
8
1
6
2
8
,
7
7
4
,
9
6
6
9
5
,
9
9
1
,
2
1
8
8
3
,
0
9
7
,
4
6
2
1
4
,
1
0
2
,
9
1
0
0
3
,
1
1
4
,
6
1
3
0
9
,
6
4
8
,
1
1
0
6
6
,
5
3
7
,
1
1
6
8
4
,
0
5
4
,
4
3
4
2
6
,
8
9
6
,
9
3
9
2
4
,
2
7
9
,
0
2
4
2
4
,
4
9
7
,
2
3
2
0
3
,
5
8
5
,
5
8
4
9
,
2
3
7
,
1
4
8
3
7
,
9
9
0
,
0
3
1
7
5
,
1
0
3
,
8
6
8
6
,
1
5
2
,
7
1
3
8
3
,
7
3
2
,
9
9
8
5
,
9
8
7
,
5
1
4
1
,
6
5
8
,
8
6
3
1
,
5
5
6
,
7
3
8
6
7
,
2
7
1
,
3
2
9
2
,
1
8
6
,
2
1
2
9
2
,
6
0
8
,
1
7
6
6
,
8
3
5
,
2
2
7
3
,
4
7
7
,
2
1
0
7
9
,
8
1
0
,
3
2
8
2
4
,
1
6
6
,
0
1
5
0
9
,
4
8
3
,
5
1
3
7
8
,
0
0
0
,
1
9
3
4
,
9
5
6
,
3
—
—
—
—
—
5
8
3
,
2
1
9
4
9
,
2
2
6
4
7
,
0
1
2
9
9
1
,
2
3
6
0
0
0
,
2
4
2
9
9
,
9
9
5
,
1
2
5
3
,
4
8
8
,
1
9
8
1
,
9
4
3
,
2
9
8
4
,
8
6
7
,
3
1
4
0
,
5
7
3
,
8
0
1
5
,
9
0
5
,
1
0
0
9
,
9
7
8
,
2
9
0
1
,
5
1
0
,
7
6
1
7
,
1
3
5
,
1
3
5
3
,
8
6
6
,
1
3
—
—
4
0
5
,
6
2
8
6
1
2
,
4
4
5
,
7
8
8
3
,
2
6
3
,
5
4
9
4
,
0
3
8
,
1
—
6
6
2
,
6
7
7
,
1
3
5
4
,
3
5
0
,
3
7
0
3
,
8
5
1
,
1
1
1
6
,
9
9
1
,
7
7
3
1
,
5
4
5
,
4
2
2
8
8
,
9
7
9
,
0
1
2
1
0
,
5
1
8
,
5
1
9
0
4
,
4
1
1
,
9
7
3
1
,
0
5
0
,
7
1
4
3
,
8
6
4
,
1
7
7
5
,
5
9
1
,
5
3
8
1
,
8
9
3
,
4
9
6
8
,
6
4
3
,
1
2
6
0
,
9
8
1
,
0
1
9
8
8
,
6
6
6
,
9
7
0
3
7
,
8
3
7
,
3
6
2
3
,
8
3
9
,
5
1
9
4
9
,
5
2
7
,
9
1
7
3
3
,
6
1
5
,
4
8
2
7
7
,
8
4
7
,
5
4
8
1
,
0
5
9
,
4
2
7
9
2
,
1
2
8
,
2
1
7
9
5
,
2
3
2
,
9
2
1
1
0
,
6
8
5
,
3
4
2
5
,
3
4
7
,
3
2
2
9
,
5
7
6
,
7
8
4
0
,
4
6
1
,
9
1
7
1
,
8
5
4
,
3
1
9
7
,
4
7
6
,
5
7
7
2
,
9
8
2
,
3
1
1
1
,
0
6
6
,
4
1
4
6
,
4
8
5
,
9
5
0
6
,
0
5
8
,
2
3
8
1
,
5
0
1
,
4
6
2
3
,
1
4
7
,
3
7
1
9
,
6
3
9
,
1
2
2
4
,
8
1
9
,
2
1
7
4
,
3
8
1
7
4
0
,
4
0
8
7
4
4
,
9
5
9
,
3
2
0
2
,
1
8
0
,
5
4
6
4
,
4
2
6
1
7
5
,
9
2
8
,
3
4
0
1
,
6
1
1
,
5
9
0
0
,
1
4
4
,
3
7
1
5
,
3
2
3
,
4
4
1
9
,
2
3
4
,
5
1
3
8
1
,
9
7
4
,
5
1
8
0
4
,
6
2
1
,
2
4
3
7
6
,
2
6
8
,
8
4
0
0
6
,
0
3
4
,
4
2
5
1
2
,
9
6
4
,
8
3
9
7
5
,
4
7
8
,
8
9
5
0
,
3
9
3
,
6
4
9
7
3
,
4
8
6
,
9
3
6
7
1
,
2
5
1
,
1
1
9
6
8
,
6
5
3
,
1
2
9
0
7
,
8
7
9
,
2
1
6
0
5
,
6
2
7
,
7
3
6
5
,
4
7
7
,
1
1
8
0
6
,
8
3
8
,
7
3
5
1
8
,
6
7
9
,
3
9
3
7
,
0
4
6
,
6
1
4
9
4
,
7
8
8
,
6
0
3
1
,
3
6
1
,
3
3
4
9
,
3
0
6
,
6
1
4
7
0
,
5
3
1
,
8
2
7
3
4
,
2
0
1
,
4
1
3
2
4
,
8
0
7
,
9
1
1
5
5
,
7
2
9
,
2
0
0
0
,
2
4
5
9
7
,
0
9
3
,
1
3
9
6
,
9
5
4
,
1
1
0
4
,
7
9
8
,
1
3
0
8
,
5
5
8
,
2
2
4
9
,
8
0
3
,
5
5
3
4
,
7
9
5
8
3
6
,
5
7
1
,
2
9
0
1
,
5
1
0
,
7
3
5
3
,
8
6
6
,
1
3
4
9
1
,
9
5
4
,
5
8
9
4
,
3
6
6
,
8
1
2
8
8
,
9
7
9
,
0
1
3
7
5
,
8
3
8
,
4
1
1
1
4
,
4
9
1
,
8
6
1
3
,
8
1
8
,
6
—
7
7
5
,
5
9
1
,
5
7
5
3
,
3
9
7
,
3
7
0
3
,
8
5
1
,
1
4
2
8
,
8
8
9
,
3
5
0
2
1
,
2
7
0
,
2
1
6
2
2
,
8
0
1
,
5
6
4
1
1
,
4
2
9
,
8
1
7
0
5
,
2
1
7
,
2
2
9
6
7
,
1
7
9
,
0
1
6
4
8
,
6
7
0
,
1
1
3
3
0
,
3
1
5
,
8
2
2
7
3
,
0
2
7
,
3
3
7
0
6
,
8
8
1
,
3
1
7
6
5
,
6
9
5
,
1
2
1
9
9
,
7
6
2
,
6
5
3
0
,
0
9
4
,
1
3
1
9
0
,
5
9
3
,
7
2
6
7
5
,
5
6
2
,
9
5
0
7
,
6
2
6
,
0
2
9
7
2
,
4
3
2
,
1
1
5
4
8
,
0
6
2
,
6
2
5
7
,
4
6
5
,
9
9
5
6
,
6
3
0
,
2
3
3
2
7
,
2
3
2
,
3
1
9
9
,
4
7
6
,
3
1
4
9
4
,
7
8
8
,
6
3
8
7
,
6
6
5
,
2
1
6
2
,
0
0
3
,
3
1
4
0
0
,
0
0
0
,
1
2
2
0
8
,
7
2
5
,
1
1
1
6
8
,
9
6
6
,
6
1
—
8
8
8
,
1
3
7
7
9
1
,
9
0
2
9
5
6
,
4
2
4
9
8
7
,
1
5
4
6
8
6
,
2
1
9
6
7
0
,
2
1
9
3
6
2
,
4
0
7
9
9
0
,
6
6
0
,
3
—
—
6
1
4
,
0
4
7
,
1
0
4
6
,
1
8
8
,
5
—
9
3
4
,
6
7
9
8
9
9
,
9
1
9
1
2
8
,
1
3
2
—
6
2
8
,
4
0
6
2
6
5
,
8
8
1
1
4
3
,
8
6
4
,
1
4
6
0
,
8
7
6
,
5
2
6
0
2
,
6
6
8
,
3
2
1
1
,
8
0
4
,
9
1
0
7
0
,
6
2
0
,
6
0
9
0
,
0
2
5
,
6
5
4
1
,
1
6
4
,
4
8
3
3
,
2
0
4
,
4
5
7
3
,
3
1
6
,
3
1
1
0
3
,
2
4
1
,
5
1
3
9
9
,
1
4
2
,
1
1
7
4
6
,
2
7
8
,
6
1
8
8
5
,
6
0
6
,
2
4
2
0
,
3
0
9
,
4
1
8
8
2
,
9
8
2
,
2
1
0
0
6
,
6
8
8
,
1
4
6
1
,
0
3
7
0
3
4
,
4
4
7
,
1
1
6
6
,
5
6
4
,
1
1
1
8
,
9
0
2
,
2
8
4
9
,
1
0
8
,
5
3
9
0
,
4
4
7
8
4
7
,
5
6
9
,
2
—
7
4
3
,
6
9
5
2
8
6
,
3
0
3
,
3
0
7
0
,
5
3
1
,
7
5
3
6
,
4
7
5
,
2
1
6
5
,
8
3
0
,
3
—
0
0
0
,
2
4
2
5
9
,
6
1
1
2
8
,
8
6
4
)
3
9
8
,
1
9
1
,
1
(
3
4
5
,
8
0
1
)
9
7
5
,
9
4
2
,
4
(
)
2
7
2
,
0
5
9
,
1
(
6
5
4
,
8
5
0
1
9
,
3
1
)
0
4
6
,
3
1
4
(
)
3
6
7
,
4
6
7
(
6
3
8
,
6
6
8
)
6
4
6
,
1
3
3
,
6
(
7
0
2
,
1
7
8
,
1
1
2
2
8
,
2
1
2
,
3
0
3
0
,
1
9
8
,
5
—
—
—
3
4
0
,
8
3
0
,
1
6
4
7
,
5
0
1
,
6
0
4
1
,
8
5
5
,
1
6
9
8
,
3
2
9
,
5
0
7
8
,
4
0
5
,
2
5
1
6
,
4
6
3
,
2
7
1
4
,
0
0
4
,
1
3
9
0
,
4
6
7
7
5
8
,
8
8
1
,
3
8
1
4
,
8
8
2
,
3
5
0
3
,
0
2
3
,
1
5
2
8
,
3
8
6
,
1
3
1
0
,
0
2
4
7
2
5
,
1
1
5
,
3
7
4
8
,
4
8
1
,
3
4
7
2
,
0
9
6
,
1
3
1
6
,
4
9
4
,
7
1
5
8
1
,
8
4
2
,
4
—
2
3
8
,
9
4
2
7
8
8
,
3
1
7
3
3
7
,
7
5
2
7
9
6
,
9
7
7
,
1
0
9
5
,
3
5
7
,
2
0
5
7
,
1
2
1
2
5
,
1
8
6
2
9
,
8
0
9
,
1
3
5
3
,
8
8
1
,
1
4
5
4
,
2
1
5
,
4
1
5
5
,
7
2
9
,
2
—
2
7
8
,
0
9
9
3
4
8
,
3
7
3
,
1
4
9
2
,
9
8
0
,
3
0
6
2
,
7
4
7
,
2
1
2
5
,
8
5
5
,
9
4
7
4
,
7
0
7
,
2
2
8
1
,
7
1
1
,
2
9
9
1
,
1
0
0
,
7
2
9
9
,
1
8
0
,
2
3
1
3
2
,
2
8
9
,
5
1
6
6
,
6
9
7
,
7
1
9
2
5
,
1
1
3
,
7
1
4
4
0
,
5
5
1
,
3
9
8
5
,
1
8
9
,
4
6
8
2
,
7
2
9
—
7
7
5
,
5
9
1
,
5
4
1
3
,
5
5
7
,
2
7
0
3
,
8
5
1
,
1
1
6
1
,
8
8
6
,
8
4
3
1
2
,
2
5
7
,
0
1
9
7
1
,
9
1
7
,
8
5
8
4
7
,
9
0
5
,
6
1
8
5
7
,
4
2
2
,
0
2
3
0
9
,
7
2
6
,
9
7
4
1
,
0
2
1
,
0
1
9
6
6
,
6
4
0
,
6
2
6
5
5
,
0
8
6
,
0
3
2
2
5
,
2
5
2
,
2
1
5
4
0
,
1
1
9
,
9
1
9
1
1
,
3
7
6
,
5
4
5
7
,
8
4
4
,
8
2
8
5
8
,
5
4
4
,
4
2
2
0
3
,
5
7
5
,
7
2
9
0
,
2
3
1
,
3
4
9
0
,
6
8
9
,
6
3
1
0
,
1
1
0
,
6
4
6
8
,
0
5
8
,
8
9
5
6
,
6
3
0
,
2
3
0
9
9
,
4
7
9
,
2
4
9
2
,
5
9
8
,
1
1
4
0
9
,
3
3
1
,
4
3
3
0
,
5
4
5
,
2
0
4
7
,
8
1
2
,
3
1
8
7
0
,
1
9
0
,
9
1
9
4
4
,
9
3
3
,
0
1
8
0
4
,
7
5
1
,
2
1
—
8
8
8
,
1
3
7
7
9
1
,
9
0
2
9
5
6
,
4
2
4
9
8
7
,
1
5
4
6
8
6
,
2
1
9
9
0
3
,
2
5
7
3
6
2
,
4
0
7
9
9
0
,
6
6
0
,
3
—
—
3
4
1
,
2
8
9
,
1
0
4
6
,
1
8
8
,
5
—
1
6
7
,
8
8
7
8
9
9
,
9
1
9
1
2
8
,
1
3
2
—
6
2
8
,
4
0
6
2
6
5
,
8
8
1
1
4
3
,
8
6
4
,
1
2
8
9
,
2
7
8
,
4
2
3
7
9
,
7
2
6
,
3
3
6
2
,
3
7
8
,
9
1
6
6
5
,
5
3
9
,
5
4
2
2
,
3
4
6
,
6
3
9
5
,
4
0
4
,
4
4
4
9
,
4
9
5
,
4
2
8
8
,
0
9
8
,
2
1
8
9
6
,
3
9
8
,
4
1
3
7
7
,
7
5
8
,
0
1
5
4
3
,
4
7
8
,
6
1
7
4
4
,
1
8
7
,
2
8
7
7
,
2
3
4
,
4
1
3
7
6
,
3
5
0
,
2
1
0
0
6
,
6
8
8
,
1
4
6
1
,
0
3
7
0
3
4
,
4
4
7
,
1
1
6
6
,
5
6
4
,
1
2
1
8
,
9
0
2
,
2
8
4
9
,
1
0
8
,
5
3
9
0
,
4
4
7
8
4
7
,
5
6
9
,
2
—
7
4
3
,
6
9
5
2
8
6
,
3
0
3
,
3
0
7
0
,
5
3
1
,
7
5
3
6
,
4
7
5
,
2
1
6
5
,
8
3
0
,
3
E
U
N
E
V
A
N
O
T
G
N
I
H
S
A
W
S
S
U
A
R
T
S
A
P
A
I
H
P
L
E
D
A
L
I
H
P
,
Y
R
E
L
L
A
G
A
Z
A
L
P
A
I
H
P
L
E
D
A
L
I
H
P
A
I
H
P
L
E
D
A
L
I
H
P
T
E
E
R
T
S
T
U
N
L
A
W
8
2
6
1
T
E
E
R
T
S
T
U
N
L
A
W
1
0
7
1
C
L
L
D
R
3
H
T
R
O
N
5
3
T
E
E
R
T
S
T
E
K
R
A
M
2
2
1
-
0
2
1
T
E
E
R
T
S
T
E
K
R
A
M
4
4
2
-
2
4
2
A
T
I
N
U
-
E
T
A
T
S
E
R
E
W
O
L
T
S
T
U
N
L
A
W
1
0
4
1
L
A
I
C
R
E
M
M
O
C
-
T
E
E
R
T
S
T
U
N
L
A
W
9
2
4
1
A
T
I
N
U
T
E
E
R
T
S
T
U
N
L
A
W
5
0
8
1
E
T
A
T
S
E
R
E
W
O
L
T
S
T
U
N
L
A
W
1
0
4
1
T
E
E
R
T
S
T
U
N
T
S
E
H
C
3
3
-
1
3
8
1
D
L
E
I
F
G
N
I
R
P
S
Y
B
R
A
D
R
E
P
P
U
N
I
L
F
F
I
M
T
S
E
W
L
L
A
H
E
T
I
H
W
O
R
O
B
H
C
I
R
.
T
S
T
C
E
P
S
O
R
P
.
E
.
T
S
T
E
K
R
A
M
W
.
E
R
A
U
Q
S
S
R
E
D
L
I
U
B
-
S
O
B
O
L
O
C
S
O
L
B
U
L
C
S
’
M
A
S
-
O
R
T
N
E
C
A
Z
A
L
P
T
R
A
M
K
-
S
O
B
O
L
O
C
S
O
L
I
S
O
B
O
L
O
C
S
O
L
I
I
S
O
B
O
L
O
C
S
O
L
E
N
O
Z
E
U
Q
A
Y
A
M
-
A
Z
A
L
P
N
R
E
T
S
E
W
O
W
T
Z
E
U
G
A
Y
A
M
-
A
Z
A
L
P
N
R
E
T
S
E
W
I
R
N
O
T
S
N
A
R
C
,
A
Z
A
L
P
L
L
A
H
S
R
A
M
C
S
A
I
R
A
M
A
L
L
I
V
I
T
A
N
A
M
R
E
T
N
E
C
N
W
O
T
E
C
N
O
P
A
Z
A
L
P
O
T
L
A
O
L
L
I
J
U
R
T
E
T
A
G
R
E
V
I
R
T
A
E
C
A
L
P
T
E
K
R
A
M
N
T
,
E
T
A
G
R
E
V
I
R
S
N
O
M
M
O
C
E
G
D
I
R
Y
R
O
K
C
I
H
N
O
I
T
A
T
S
E
T
A
G
R
E
V
I
R
N
O
I
T
A
T
S
Y
E
L
L
O
R
T
T
N
I
O
P
E
L
A
D
Y
R
R
E
H
C
N
O
T
S
E
L
R
A
H
C
H
T
R
O
N
N
O
T
S
E
L
R
A
H
C
.
N
N
O
S
I
D
A
M
N
O
T
S
E
L
R
A
H
C
N
O
T
S
E
L
R
A
H
C
E
L
L
I
V
N
E
E
R
G
E
C
N
E
R
O
L
F
R
E
T
N
E
C
N
W
O
T
E
L
L
I
V
X
E
R
O
C
T
S
O
C
-
O
R
T
N
E
C
A
Z
A
L
P
L
I
A
T
E
R
-
O
R
T
N
E
C
A
Z
A
L
P
L
L
A
M
-
O
R
T
N
E
C
A
Z
A
L
P
154
2
4
6
,
4
3
3
,
0
1
9
9
3
,
5
7
8
,
1
1
7
8
8
,
6
6
7
,
3
6
8
2
,
2
4
6
,
5
1
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
T
S
O
C
L
A
I
T
I
N
I
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
)
A
(
8
0
0
2
)
A
(
7
9
9
1
)
C
(
2
0
0
2
)
C
(
0
0
0
2
)
A
(
6
9
9
1
)
C
(
5
0
0
2
)
A
(
7
9
9
1
)
C
(
9
6
9
1
)
C
(
3
0
0
2
)
C
(
6
0
0
2
)
C
(
6
0
0
2
)
A
(
8
9
9
1
)
A
(
7
9
9
1
)
C
(
3
0
0
2
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
8
9
9
1
)
A
(
5
9
9
1
)
A
(
8
9
9
1
)
A
(
3
0
0
2
)
C
(
7
0
0
2
)
C
(
5
0
0
2
)
A
(
6
9
9
1
)
A
(
8
0
0
2
)
A
(
6
9
9
1
)
C
(
7
6
9
1
)
A
(
9
0
0
2
)
A
(
9
9
9
1
)
A
(
7
0
0
2
)
A
(
7
9
9
1
)
A
(
9
9
9
1
)
A
(
5
9
9
1
)
A
(
4
0
0
2
)
A
(
8
0
0
2
)
A
(
4
0
0
2
)
A
(
7
0
0
2
)
A
(
9
0
0
2
)
A
(
5
8
9
1
)
A
(
9
9
9
1
)
A
(
5
0
0
2
)
C
(
8
0
0
2
)
C
(
8
0
0
2
)
C
(
9
0
0
2
)
C
(
8
0
0
2
)
C
(
8
0
0
2
)
C
(
8
0
0
2
)
C
(
8
0
0
2
)
A
(
7
0
0
2
7
1
8
,
4
3
8
,
6
2
1
1
5
,
2
6
9
,
5
1
1
5
,
2
6
9
,
5
1
1
5
,
2
6
9
,
5
1
3
3
,
1
2
4
,
3
1
7
9
,
9
0
4
,
6
9
8
1
,
3
3
7
,
4
0
9
8
,
2
4
4
,
1
9
5
4
,
9
7
3
,
1
7
4
6
,
9
4
7
,
2
0
1
2
,
4
1
1
,
2
3
9
8
3
,
8
5
2
,
3
3
2
5
,
2
5
0
,
4
2
1
8
,
1
0
8
,
6
4
5
7
4
,
1
3
8
,
0
4
0
3
8
,
9
1
4
,
1
3
4
1
4
,
7
1
5
,
0
3
8
2
7
,
6
1
1
,
8
3
6
2
,
1
2
4
,
4
7
4
4
,
1
1
6
,
2
1
0
8
3
,
8
8
7
,
2
1
1
7
7
,
1
5
3
,
9
5
6
6
,
0
3
1
,
7
8
3
0
,
1
2
4
,
2
5
9
3
,
0
0
6
,
5
1
9
7
8
,
8
3
6
,
3
2
6
5
,
5
1
1
,
6
6
4
9
,
6
4
8
,
7
7
7
9
,
4
7
3
,
2
4
5
2
,
2
9
8
,
8
2
6
9
,
9
0
8
,
1
0
9
9
,
6
4
6
,
3
5
3
2
,
9
6
1
,
3
8
3
7
1
,
7
9
5
,
6
1
1
3
3
1
,
0
1
8
,
3
4
4
4
6
,
1
5
7
,
6
1
8
0
1
,
3
7
8
,
2
1
9
5
,
2
5
7
,
3
4
6
8
8
,
0
3
9
,
6
6
6
0
,
8
3
1
,
2
5
2
2
,
2
9
3
,
2
6
0
6
,
8
0
4
,
0
1
4
1
2
,
8
1
0
,
1
7
5
3
6
,
2
7
8
,
7
3
6
8
,
3
9
0
,
3
2
5
8
4
,
5
8
5
,
3
6
0
6
,
8
1
8
,
7
2
0
2
,
4
8
7
,
0
1
5
2
4
,
8
0
5
,
2
7
2
8
9
,
4
8
1
,
8
3
1
6
0
,
5
5
4
,
3
5
9
4
,
3
0
8
,
5
4
6
9
,
5
8
7
,
6
1
9
9
5
,
2
2
9
,
4
0
4
5
,
0
3
0
,
1
8
3
4
,
4
1
7
,
2
7
5
7
,
8
3
3
,
1
2
—
—
3
9
3
,
2
1
7
8
0
4
,
8
3
9
1
6
9
,
2
8
4
2
7
1
,
4
9
8
7
8
4
,
3
1
9
,
9
0
5
9
,
5
8
8
,
3
—
9
5
9
,
9
8
3
7
7
3
,
8
0
7
,
8
6
9
0
,
6
1
6
,
2
—
2
8
5
,
5
4
4
,
5
0
9
8
,
2
4
4
,
1
9
5
4
,
9
7
3
,
1
5
5
0
,
8
8
6
,
3
1
7
1
,
7
9
5
,
2
3
2
6
5
,
2
5
1
,
4
0
1
0
,
6
6
9
,
3
1
3
6
7
,
7
8
6
,
0
5
5
7
4
,
1
3
8
,
0
4
9
8
7
,
9
0
8
,
1
3
1
9
7
,
5
2
2
,
9
3
4
2
8
,
2
3
7
,
0
1
3
6
2
,
1
2
4
,
4
3
6
4
,
8
4
0
,
4
1
1
9
,
9
5
6
,
6
1
3
4
9
,
3
6
0
,
4
7
7
6
,
3
6
6
,
2
3
9
5
,
7
4
3
,
2
1
5
2
,
8
7
0
,
1
0
7
7
,
5
0
1
,
5
1
2
1
,
1
6
5
—
—
2
7
2
,
6
5
9
3
2
3
,
2
5
8
,
6
1
7
4
4
,
5
1
0
,
2
1
8
5
2
,
8
7
4
,
9
9
8
2
,
9
9
4
,
3
5
6
1
,
6
0
7
,
0
2
0
0
0
,
0
0
2
,
4
2
6
5
,
5
1
1
,
6
6
4
9
,
6
4
8
,
7
9
4
2
,
1
3
3
,
3
0
0
7
,
0
6
6
,
1
3
5
9
,
2
5
5
,
0
1
—
8
3
4
,
8
1
7
0
1
1
,
1
0
7
,
1
3
8
0
,
1
3
4
9
1
5
,
8
1
9
9
9
9
,
0
8
3
,
2
6
6
3
,
4
1
5
9
4
6
,
9
2
0
,
1
9
6
8
,
8
7
1
,
1
5
9
3
,
5
7
4
,
3
8
4
2
,
3
9
8
,
1
5
2
8
,
9
0
9
,
2
7
2
4
,
9
7
0
8
5
,
0
9
5
,
7
7
7
1
,
0
9
0
,
3
0
0
4
,
8
2
5
,
2
0
0
1
,
8
4
3
,
5
6
5
2
,
8
2
0
,
7
1
1
7
2
6
,
1
9
7
,
3
1
9
5
,
2
5
7
,
3
4
5
8
8
,
1
1
3
,
9
2
3
4
,
2
5
6
,
2
5
7
8
,
1
2
4
,
3
5
7
4
,
7
8
5
,
1
1
9
0
6
,
3
9
4
,
4
7
2
8
8
,
5
6
7
,
9
8
8
6
,
3
0
0
,
6
2
2
1
9
,
4
6
6
,
3
6
8
1
,
9
0
4
,
5
1
9
7
3
,
4
7
8
,
3
1
7
7
3
,
6
5
6
,
2
1
2
0
8
,
4
6
1
,
5
8
)
6
2
8
,
2
2
(
6
5
1
,
2
6
1
,
8
3
—
—
—
6
1
1
,
2
—
6
9
2
,
2
1
7
7
1
,
7
5
4
,
3
5
9
4
,
3
0
8
,
5
4
6
9
,
5
8
7
,
6
1
9
9
5
,
2
2
9
,
4
6
3
8
,
2
4
0
,
1
8
3
4
,
4
1
7
,
2
1
0
7
,
8
1
7
,
2
1
8
7
3
,
5
8
2
,
2
7
6
7
,
5
2
6
0
,
8
5
9
3
3
6
,
7
8
1
,
3
6
4
2
,
3
5
6
,
4
2
2
6
5
,
2
5
1
,
4
8
7
3
,
6
6
6
,
2
1
8
5
5
,
4
8
4
,
4
4
1
8
7
,
7
6
6
,
8
2
6
2
3
,
6
2
0
,
5
2
4
0
6
,
2
6
1
,
2
3
4
6
5
,
9
2
7
,
8
6
9
5
,
9
6
1
,
2
1
1
7
,
2
0
4
,
3
1
9
2
8
,
5
2
9
,
3
1
2
7
8
,
8
3
7
,
9
8
5
2
,
8
8
5
,
7
0
5
9
,
8
7
9
,
2
1
4
8
,
8
4
9
,
6
1
0
0
0
,
0
6
3
,
3
—
9
5
5
,
9
7
3
5
3
8
,
0
3
8
,
2
6
3
3
,
6
3
5
,
7
8
7
9
,
7
2
0
,
2
1
0
4
,
7
9
4
,
4
0
7
5
,
9
1
7
,
6
6
1
5
2
,
6
6
6
,
3
1
9
5
,
2
5
2
,
9
3
5
3
1
,
3
2
5
,
7
9
8
8
,
9
6
5
,
2
5
7
3
,
1
5
7
,
2
6
5
4
,
7
4
1
,
8
4
9
0
,
4
2
1
,
7
4
1
2
4
,
3
4
0
,
7
6
4
8
,
7
1
2
,
8
1
2
1
4
,
2
8
0
,
2
6
8
1
,
7
0
8
,
4
1
9
8
0
,
6
6
1
,
1
1
6
5
6
,
3
3
2
,
8
6
9
3
9
,
8
6
7
,
4
3
2
8
9
,
6
0
5
7
7
1
,
9
4
0
,
4
3
0
6
,
2
8
0
,
2
2
0
9
,
2
6
8
,
4
3
3
7
,
2
1
6
5
2
0
,
5
1
8
,
1
5
8
5
,
3
2
9
,
2
3
0
2
,
0
6
1
,
3
8
2
8
,
4
8
4
2
9
6
,
3
7
3
,
1
2
2
4
,
0
0
5
5
2
9
,
3
4
9
,
7
D
N
A
L
—
2
3
6
,
9
9
2
,
1
5
0
2
,
3
0
2
,
6
4
9
6
,
3
6
1
,
2
1
4
6
4
,
3
8
7
,
6
6
8
1
,
3
6
0
,
7
0
6
2
,
3
0
0
,
2
6
6
6
,
1
5
2
,
2
9
9
1
,
7
5
2
,
3
5
9
4
,
6
2
9
,
2
5
7
5
,
6
7
2
,
2
0
0
0
,
0
9
8
,
1
0
4
3
,
0
2
5
4
2
3
,
7
5
7
,
3
0
0
0
,
0
4
8
3
0
0
,
6
3
7
,
5
6
4
9
,
6
4
8
,
7
4
1
4
,
0
0
5
7
1
6
,
6
1
0
,
3
2
2
4
,
0
0
5
9
9
6
,
0
5
8
6
8
6
,
8
0
3
,
0
5
6
7
3
,
5
2
1
0
0
0
,
0
0
5
,
4
0
5
7
,
8
8
7
,
1
4
4
5
,
2
8
0
0
5
,
0
7
6
8
1
0
,
0
4
4
,
3
5
1
5
,
9
6
3
,
7
2
1
6
4
,
2
2
7
,
2
1
4
8
,
5
8
7
,
7
0
0
5
,
2
8
5
,
1
0
0
0
,
2
0
6
0
9
2
,
8
0
7
,
2
6
4
1
,
1
3
9
,
6
1
7
1
2
,
3
9
3
,
3
5
9
1
,
0
5
9
,
2
8
1
3
,
4
5
7
,
1
1
6
3
,
3
0
7
,
4
1
7
9
6
,
9
5
3
0
1
,
0
3
4
3
1
4
,
9
9
8
—
6
5
5
,
2
1
0
,
1
)
1
9
6
,
1
0
8
(
)
6
4
2
,
5
0
4
,
9
(
2
8
9
,
5
5
7
5
4
1
,
6
0
7
,
1
1
8
7
3
,
5
8
2
,
2
—
4
1
3
,
0
1
8
1
5
6
,
1
3
4
,
2
4
6
0
,
9
1
9
,
3
2
—
0
0
0
,
8
0
2
,
3
1
5
6
,
7
9
4
,
7
8
5
5
,
4
8
4
,
4
4
5
9
2
,
9
7
2
,
7
2
9
9
2
,
2
1
9
,
3
2
3
8
2
,
7
5
5
,
4
4
0
4
,
7
1
5
,
1
—
—
—
2
6
5
,
4
4
9
7
2
7
,
8
6
1
,
5
1
9
4
,
7
2
7
,
7
2
0
2
4
,
2
7
3
,
7
)
9
6
6
,
2
1
6
,
1
(
—
6
9
2
,
3
7
3
5
4
3
,
9
0
2
,
2
2
7
5
,
2
3
6
9
5
1
,
3
3
3
9
5
,
7
9
8
—
7
9
1
,
7
8
8
,
1
6
1
4
,
9
2
0
,
3
1
3
8
4
,
6
1
7
,
1
1
0
0
3
,
6
0
1
,
9
9
9
0
,
5
5
5
,
7
6
5
3
,
1
8
0
,
2
4
4
6
,
1
6
0
,
5
1
0
0
0
,
0
6
3
,
3
)
8
8
4
,
7
8
8
,
1
(
0
0
3
,
7
8
1
—
—
)
1
5
1
,
2
6
1
(
1
9
2
,
6
2
7
0
0
,
9
7
2
,
4
—
8
7
1
,
0
9
1
)
3
4
1
,
7
1
3
,
2
(
4
7
4
,
0
6
3
0
0
6
,
0
8
2
—
2
5
4
,
3
9
)
5
1
1
,
7
2
3
,
1
(
—
5
5
5
,
9
3
6
1
2
2
,
0
6
5
1
3
,
1
8
0
,
1
1
5
1
4
,
4
2
3
6
0
1
,
8
8
2
,
1
—
5
3
8
,
0
3
8
,
2
4
4
8
,
3
0
7
,
7
7
8
6
,
1
0
0
,
2
5
7
2
,
5
5
8
0
7
5
,
9
1
7
,
6
6
3
7
0
,
6
7
4
,
3
5
3
7
,
9
6
5
,
1
4
1
6
6
,
2
6
1
,
7
8
8
2
,
9
8
2
,
2
5
7
3
,
1
5
7
,
2
4
0
0
,
4
5
0
,
8
9
0
2
,
1
5
4
,
8
4
6
6
8
,
3
0
4
,
6
5
2
6
,
7
5
1
,
8
1
2
1
4
,
2
8
0
,
2
1
7
8
,
5
2
7
,
3
4
7
6
,
1
4
8
,
0
1
6
9
7
,
9
2
5
,
1
7
6
3
6
,
5
7
1
,
1
5
9
4
,
3
0
5
,
4
5
3
2
,
8
6
9
,
4
)
6
9
3
,
5
4
6
(
6
0
1
,
8
2
6
2
2
5
,
2
0
9
,
1
—
—
—
—
1
8
7
,
0
2
7
9
3
4
,
5
0
2
,
5
9
4
4
,
0
6
9
,
7
1
0
0
2
,
7
9
9
,
4
1
5
8
5
,
3
2
9
,
2
3
0
2
,
0
6
1
,
3
1
8
5
,
4
4
2
,
2
0
9
3
,
4
7
9
,
9
2
2
4
,
0
0
5
7
0
1
,
8
7
6
,
8
—
2
3
6
,
9
9
2
,
1
5
0
2
,
3
0
2
,
6
0
8
1
,
2
5
5
,
3
1
1
9
4
,
7
9
8
,
7
7
1
0
,
1
4
9
,
6
0
0
0
,
3
4
8
,
1
2
3
9
,
3
3
0
,
6
9
9
1
,
7
5
2
,
3
5
9
4
,
6
2
9
,
2
5
7
5
,
6
7
2
,
2
0
0
0
,
0
9
8
,
1
0
4
3
,
0
2
5
4
2
3
,
7
5
7
,
3
0
0
0
,
0
4
8
0
5
7
,
5
1
8
,
7
6
4
9
,
6
4
8
,
7
4
1
4
,
0
0
5
0
6
2
,
1
1
0
,
3
2
2
4
,
0
0
5
8
1
8
,
3
1
2
6
8
6
,
8
0
3
,
0
5
6
7
3
,
5
2
1
0
0
0
,
0
0
5
,
4
0
5
7
,
8
8
7
,
1
4
4
5
,
2
8
0
0
5
,
0
7
6
8
1
0
,
0
4
4
,
3
5
1
5
,
9
6
3
,
7
2
1
6
4
,
2
2
7
,
2
1
4
8
,
5
8
7
,
7
0
0
5
,
2
8
5
,
1
0
0
0
,
2
0
6
0
9
2
,
8
0
7
,
2
0
0
9
,
6
4
3
,
2
1
7
0
5
,
4
0
2
,
5
1
4
5
,
1
8
2
,
2
0
0
0
,
0
0
3
,
1
8
4
9
,
6
9
0
,
1
1
6
5
5
,
2
6
3
0
3
7
,
4
1
4
6
1
9
,
1
1
8
8
7
8
,
1
4
0
,
2
5
3
6
,
0
8
3
,
3
2
1
2
8
,
0
3
6
,
7
1
4
1
8
,
9
4
7
,
5
)
8
0
8
,
5
6
0
,
4
(
6
2
0
,
8
7
8
,
9
1
7
1
4
,
8
6
5
,
7
X
T
,
S
L
L
I
H
E
H
T
F
O
R
E
T
N
E
C
R
E
T
N
E
C
N
E
L
W
O
D
N
O
T
G
N
I
L
R
A
N
O
S
E
L
R
U
B
N
W
O
T
Y
A
B
A
Z
A
L
P
S
A
D
N
E
I
T
S
A
L
X
T
,
I
T
S
I
R
H
C
S
U
P
R
O
C
S
A
L
L
A
D
A
Z
A
L
P
Y
R
E
M
O
G
T
N
O
M
G
N
I
S
S
O
R
C
N
W
O
T
E
I
R
I
A
R
P
E
K
A
L
-
I
D
K
G
N
I
S
S
O
R
C
N
O
N
A
B
E
L
N
O
T
S
E
R
P
R
E
T
N
E
C
E
N
W
O
T
S
S
E
R
P
Y
C
K
O
O
R
B
Y
A
B
T
A
R
E
T
N
E
C
Y
T
N
U
O
C
S
I
R
R
A
H
E
G
D
I
R
A
T
S
I
V
T
A
S
P
O
H
S
I
I
E
S
A
H
P
E
G
D
I
R
A
T
S
I
V
A
Z
A
L
P
E
G
D
I
R
A
T
S
I
V
X
T
,
A
Z
A
L
P
S
E
N
I
A
L
P
H
T
U
O
S
R
E
T
N
E
C
N
W
O
T
E
T
I
U
Q
S
E
M
S
L
E
F
S
N
U
A
R
B
W
E
N
E
T
I
U
Q
S
E
M
G
N
I
S
S
O
R
C
E
N
W
O
T
N
O
M
R
A
H
-
I
D
K
S
K
A
O
E
K
A
L
H
T
U
O
S
A
Z
A
L
P
R
E
K
R
A
P
O
N
A
L
P
S
K
A
O
T
S
E
W
N
E
D
G
O
E
R
T
N
E
C
N
O
G
A
T
N
E
P
S
T
H
G
I
E
H
L
A
I
N
O
L
O
C
E
G
A
L
L
I
V
N
W
O
T
D
L
O
S
A
S
S
A
N
A
M
D
N
O
M
H
C
I
R
D
N
O
M
H
C
I
R
R
E
T
N
E
C
G
N
I
P
P
O
H
S
W
E
I
V
Y
E
L
L
A
V
A
Z
A
L
P
N
U
R
C
A
M
O
T
O
P
R
E
T
N
E
C
G
N
I
P
P
O
H
S
R
E
T
S
E
H
C
N
A
M
E
R
A
U
Q
S
N
O
S
I
R
R
A
G
H
T
R
O
N
N
R
U
B
U
A
N
W
O
T
S
E
L
R
A
H
C
A
Z
A
L
P
K
L
A
W
R
E
V
I
R
E
G
D
I
R
E
U
L
B
S
O
H
N
I
L
A
V
-
L
I
Z
A
R
B
A
I
D
N
A
L
O
T
R
O
H
-
L
I
Z
A
R
B
R
A
M
L
E
D
A
N
I
V
-
E
L
I
H
C
O
R
A
L
C
O
I
R
-
L
I
Z
A
R
B
A
N
E
K
C
A
M
A
N
U
C
I
V
-
E
L
I
H
C
Q
C
A
E
T
N
A
G
G
I
-
O
C
I
X
E
M
O
N
O
K
E
-
E
L
I
H
C
A
M
I
L
-
U
R
E
P
155
F
O
E
T
A
D
)
(
C
N
O
I
T
C
U
R
T
S
N
O
C
)
(
A
N
O
I
T
I
S
I
U
Q
C
A
S
E
C
N
A
R
B
M
U
C
N
E
,
T
S
O
C
L
A
T
O
T
F
O
T
E
N
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
D
E
T
A
L
U
M
U
C
C
A
N
O
I
T
A
I
C
E
R
P
E
D
G
N
I
D
L
I
U
B
&
T
N
E
U
Q
E
S
B
U
S
G
N
I
D
L
I
U
B
O
T
&
L
A
T
O
T
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
N
O
I
T
I
S
I
U
Q
C
A
T
N
E
M
E
V
O
R
P
M
I
D
N
A
L
S
E
I
T
R
E
P
O
R
P
T
S
O
C
L
A
I
T
I
N
I
)
C
(
8
0
0
2
)
C
(
6
0
0
2
)
C
(
6
0
0
2
)
A
(
8
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
8
0
0
2
)
C
(
6
0
0
2
)
C
(
5
0
0
2
)
A
(
7
0
0
2
)
C
(
6
0
0
2
)
A
(
7
0
0
2
)
C
(
9
0
0
2
)
A
(
8
0
0
2
)
C
(
5
0
0
2
)
A
(
6
0
0
2
)
A
(
7
0
0
2
)
A
(
7
0
0
2
)
A
(
9
0
0
2
7
5
4
,
7
3
9
,
4
3
7
0
9
,
0
3
7
,
1
4
1
2
0
,
1
5
9
,
8
8
0
9
4
,
1
0
9
,
3
1
2
3
7
,
0
4
0
,
4
3
6
4
7
,
3
4
7
,
6
1
8
2
2
,
6
0
1
,
0
2
4
1
5
,
7
3
1
,
4
1
5
0
3
,
7
9
9
,
7
2
6
1
2
,
4
1
3
,
7
4
9
3
,
9
9
1
,
7
1
3
2
,
6
7
5
,
8
2
6
9
,
6
8
1
,
3
2
5
3
,
6
1
3
,
1
1
1
8
0
,
5
4
7
,
2
1
9
3
4
,
4
7
3
,
4
2
5
0
7
,
9
5
6
,
0
1
8
2
2
,
6
3
5
,
9
2
9
9
2
,
5
8
0
,
0
2
5
4
7
,
2
3
3
,
1
—
—
8
3
0
,
6
1
8
9
5
3
,
2
4
1
7
5
4
,
7
3
9
,
4
3
5
4
9
,
6
4
5
,
2
4
1
2
0
,
1
5
9
,
8
8
9
4
8
,
3
4
0
,
4
1
4
3
5
,
8
6
8
,
2
6
6
2
,
9
0
9
,
6
3
—
—
0
5
6
,
6
4
4
6
4
7
,
3
4
7
,
6
1
8
7
8
,
2
5
5
,
0
2
4
1
5
,
7
3
1
,
4
1
4
4
8
,
5
1
3
,
1
9
4
1
,
3
1
3
,
9
2
—
—
6
9
9
,
1
7
7
2
,
3
6
9
7
7
1
,
0
5
1
8
1
3
,
9
1
2
3
0
0
,
3
7
3
,
2
9
2
7
,
4
8
3
,
2
5
2
2
,
9
8
3
9
4
,
7
7
2
,
8
0
9
3
,
1
0
2
,
7
8
0
4
,
6
2
7
,
8
2
6
9
,
6
8
1
,
3
2
5
3
,
6
1
3
,
1
1
9
9
3
,
4
6
9
,
2
1
2
4
4
,
7
4
7
,
6
2
4
3
4
,
4
4
0
,
3
1
3
5
4
,
5
2
6
,
9
2
9
0
6
,
6
0
1
,
1
8
0
9
,
1
9
1
,
1
2
—
5
4
7
,
2
3
3
,
1
3
0
2
,
3
4
3
,
3
2
5
7
8
,
4
6
7
,
6
2
6
0
6
,
1
5
1
,
0
5
1
5
2
,
2
0
9
,
9
6
4
8
,
7
0
5
,
3
3
4
1
0
,
9
2
4
,
7
0
9
1
,
4
4
6
,
1
1
6
7
0
,
8
0
6
,
9
1
7
2
,
4
9
7
,
0
2
3
4
5
,
4
8
1
,
5
4
0
3
,
6
6
5
,
4
2
7
4
,
8
2
9
8
5
5
,
0
6
8
1
9
8
,
4
9
8
,
6
4
6
1
,
0
8
2
,
0
1
6
9
9
,
4
1
5
,
7
1
0
7
1
,
1
7
6
,
9
5
4
2
,
2
4
8
,
8
1
1
9
4
,
8
9
1
,
4
1
—
5
1
8
,
2
8
4
,
3
1
1
8
2
7
,
7
4
6
,
7
2
2
4
5
,
0
3
1
,
1
4
1
8
3
3
,
9
4
1
,
7
3
1
4
5
2
,
4
9
5
,
1
1
0
7
0
,
2
8
7
,
5
1
5
1
4
,
9
9
7
,
8
3
8
9
5
,
1
4
1
,
4
0
2
4
,
1
0
4
,
3
2
3
7
,
4
1
3
,
9
8
8
6
,
8
0
9
,
8
8
3
4
,
9
2
5
,
4
8
7
8
,
8
1
5
,
8
0
5
9
,
2
9
0
,
3
6
8
0
,
5
3
6
,
2
6
3
9
,
7
9
7
,
7
4
0
4
,
6
2
3
,
2
1
6
4
,
1
2
4
,
4
5
3
2
,
4
8
6
,
2
6
4
4
,
2
3
2
,
9
4
6
2
,
3
7
3
,
3
8
0
2
,
3
8
7
,
0
1
7
1
4
,
3
9
9
,
6
5
4
7
,
2
3
3
,
1
5
0
2
,
1
8
9
,
3
6
2
9
,
2
1
5
,
3
2
2
9
4
,
4
9
1
,
3
2
3
9
4
,
8
7
6
,
1
4
2
8
7
,
4
5
9
,
9
—
—
—
—
)
5
5
8
,
6
8
2
,
7
(
9
1
7
,
9
1
2
,
0
3
3
0
0
,
7
0
4
,
5
1
9
2
,
2
2
4
,
8
7
2
5
,
5
6
6
,
9
9
0
6
,
5
8
6
,
8
1
8
0
5
,
5
5
6
,
4
9
2
5
,
2
1
8
,
3
)
7
2
6
,
4
0
9
(
2
4
0
,
0
0
2
8
8
8
,
1
9
3
,
7
6
3
7
,
3
9
9
,
9
9
1
4
,
7
9
5
,
5
1
—
7
1
5
,
7
5
2
,
1
—
—
—
—
—
—
—
—
5
4
9
,
6
4
3
5
2
0
,
9
0
9
,
5
1
—
)
6
3
8
,
3
0
5
,
3
(
6
1
6
,
8
3
2
,
3
1
)
7
9
9
,
5
2
6
,
4
(
7
2
6
,
8
8
8
,
6
1
5
4
7
,
2
3
1
7
2
7
,
9
8
3
,
3
—
1
3
5
,
4
2
4
,
1
1
3
5
4
,
2
5
3
,
9
1
8
2
5
,
2
7
2
,
7
4
7
6
0
,
9
8
0
,
4
2
0
4
,
6
7
9
,
3
1
3
4
7
,
6
3
3
,
1
1
0
7
0
,
3
7
8
,
0
1
7
8
9
,
1
7
4
,
4
0
4
5
,
7
2
6
,
0
1
5
8
9
,
1
2
6
,
3
1
6
8
,
8
8
3
,
3
5
3
0
,
1
3
6
,
9
5
7
9
,
9
3
6
,
2
4
6
4
,
4
2
9
,
3
3
6
6
,
0
7
9
,
2
3
2
0
,
0
5
1
,
1
1
4
5
6
,
9
0
3
,
3
8
2
4
,
6
1
7
,
3
1
8
7
2
,
9
2
9
,
8
0
0
0
,
0
0
2
,
1
1
7
0
,
0
8
0
,
4
3
4
,
1
1
0
0
,
3
9
1
,
9
3
5
,
7
8
9
4
,
8
4
1
,
3
4
3
,
1
9
9
4
,
1
4
3
,
2
8
8
,
8
3
8
9
,
9
9
6
,
1
2
8
,
6
6
1
5
,
1
4
6
,
0
6
0
,
2
6
7
7
,
7
4
6
,
7
5
7
,
1
7
2
1
,
2
9
4
,
4
8
8
6
,
8
4
2
,
3
3
1
N
U
C
N
A
C
Z
L
P
D
N
A
R
G
M
D
A
N
O
N
-
O
C
I
X
E
M
A
U
G
A
E
D
O
J
O
A
Z
A
L
P
I
T
L
U
M
O
C
-
I
X
E
M
L
A
E
R
O
G
A
L
M
D
A
N
O
N
-
O
C
I
X
E
M
S
O
B
A
C
S
O
L
M
D
A
N
O
N
-
O
C
I
X
E
M
O
L
L
I
S
O
M
R
E
H
-
O
C
I
X
E
M
A
T
S
I
V
A
D
N
I
L
-
O
C
I
X
E
M
A
L
O
R
O
T
O
M
O
C
-
I
X
E
M
.
N
U
C
N
A
C
T
L
U
M
M
D
A
S
U
B
N
O
N
-
-
O
C
I
X
E
M
T
R
A
M
-
L
A
W
A
C
U
H
C
A
P
-
O
C
I
X
E
M
O
I
R
A
N
E
T
N
E
C
A
Z
A
L
P
-
O
C
I
X
E
M
O
D
E
R
A
L
O
V
E
U
N
-
O
C
I
X
E
M
N
A
U
J
N
A
S
A
Z
A
L
P
-
O
C
I
X
E
M
A
N
A
I
R
O
S
A
Z
A
L
P
-
O
C
I
X
E
M
B
E
H
O
V
A
R
B
O
I
R
-
O
C
I
X
E
M
A
I
S
E
D
O
H
R
-
O
C
I
X
E
M
I
I
O
L
L
I
T
L
A
S
-
O
C
I
X
E
M
O
R
D
E
P
N
A
S
-
O
C
I
X
E
M
A
L
U
H
C
A
P
A
T
-
O
C
I
X
E
M
Q
C
A
O
D
L
A
W
O
C
-
I
X
E
M
O
I
L
O
F
T
R
O
P
F
O
E
C
N
A
L
A
B
0
0
0
2
A
N
A
U
J
I
T
-
O
C
I
X
E
M
S
L
A
T
O
T
7
0
0
2
8
0
0
2
9
0
0
2
2
8
3
,
2
0
1
,
7
9
4
4
3
5
,
9
0
4
,
3
1
1
,
1
6
4
1
,
7
9
0
,
4
9
1
5
4
7
,
5
4
5
,
2
1
2
0
4
2
,
6
3
1
,
7
7
3
2
,
7
4
3
,
3
4
2
5
2
0
,
9
1
3
,
1
0
0
,
6
9
1
8
,
4
3
0
,
5
2
3
,
7
0
2
1
,
6
1
9
,
8
1
8
,
7
)
6
5
1
,
7
1
8
,
3
3
(
)
6
0
0
,
8
9
4
,
5
(
—
7
0
3
,
2
7
5
,
7
6
2
3
6
,
9
7
5
,
4
9
1
5
5
9
,
4
1
7
,
3
3
9
)
3
7
2
,
1
5
0
,
2
1
3
(
)
6
1
2
,
3
4
9
,
3
2
1
(
)
4
4
5
,
3
9
8
,
8
4
(
—
—
)
0
0
0
,
0
0
5
,
8
(
)
0
0
0
,
0
0
9
,
7
(
)
9
0
5
,
9
7
7
,
9
1
(
)
0
0
0
,
0
0
1
,
2
5
(
9
1
8
,
4
3
0
,
5
2
3
,
7
0
2
1
,
6
1
9
,
8
1
8
,
7
9
9
4
,
1
4
3
,
2
8
8
,
8
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
d
e
t
a
d
i
l
o
s
n
o
c
n
u
)
o
t
(
m
o
r
f
s
r
e
f
s
n
a
r
T
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
s
e
r
u
t
n
e
v
t
n
i
o
j
.
.
.
.
.
.
.
.
.
.
.
.
.
.
s
e
l
a
S
.
e
l
a
s
r
o
f
d
l
e
h
s
t
e
s
s
A
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
s
n
o
i
t
i
s
i
u
q
c
A
.
s
t
n
e
m
e
v
o
r
p
m
I
.
d
o
i
r
e
p
f
o
g
n
i
n
n
i
g
e
b
,
e
c
n
a
l
a
B
.
s
t
e
s
s
a
d
e
t
a
i
c
e
r
p
e
d
y
l
l
u
f
f
o
t
n
e
m
t
s
u
j
d
A
.
s
e
u
l
a
v
g
n
i
y
r
r
a
c
y
t
r
e
p
o
r
p
f
o
t
n
e
m
t
s
u
j
d
A
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
d
o
i
r
e
p
f
o
d
n
e
,
e
c
n
a
l
a
B
7
0
0
2
7
3
2
,
0
7
6
,
6
0
8
3
6
9
,
9
0
1
,
1
7
1
—
4
4
8
,
8
5
3
,
8
)
3
0
6
,
4
7
4
,
7
(
9
2
8
,
3
4
4
,
7
7
9
2
4
4
,
9
7
7
,
7
8
1
8
0
0
2
—
7
8
5
,
9
9
8
,
2
)
7
4
5
,
5
9
5
,
7
(
9
0
0
2
0
7
8
,
9
9
9
,
9
0
2
9
8
4
,
4
6
6
,
9
5
1
,
1
5
9
8
,
7
2
7
,
1
)
7
4
2
,
4
6
4
,
8
(
)
9
0
5
,
9
7
7
,
9
1
(
)
2
1
6
,
0
2
2
,
1
(
)
2
2
8
,
2
6
8
(
—
9
2
8
,
3
4
4
,
7
7
9
9
8
4
,
4
6
6
,
9
5
1
,
1
8
9
4
,
8
4
1
,
3
4
,
3
1
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
d
e
t
a
d
i
l
o
s
n
o
c
n
u
)
o
t
(
m
o
r
f
s
r
e
f
s
n
a
r
T
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
s
e
r
u
t
n
e
v
t
n
i
o
j
.
.
.
.
.
.
.
.
.
.
.
.
.
s
e
l
a
S
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
r
a
e
y
r
o
f
n
o
i
t
a
i
c
e
r
p
e
D
.
d
o
i
r
e
p
f
o
g
n
i
n
n
i
g
e
b
,
e
c
n
a
l
a
B
.
s
t
e
s
s
a
d
e
t
a
i
c
e
r
p
e
d
y
l
l
u
f
f
o
t
n
e
m
t
s
u
j
d
A
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
e
l
a
s
r
o
f
d
l
e
h
s
t
e
s
s
A
.
.
.
d
o
i
r
e
p
f
o
d
n
e
,
e
c
n
a
l
a
B
:
s
w
o
l
l
o
f
s
a
e
r
a
6
0
0
2
d
n
a
,
7
0
0
2
,
8
0
0
2
,
1
3
r
e
b
m
e
c
e
D
d
e
d
n
e
s
r
a
e
y
e
h
t
r
o
f
n
o
i
t
a
i
c
e
r
p
e
d
d
e
t
a
l
u
m
u
c
c
a
n
i
s
e
g
n
a
h
c
e
h
T
.
n
o
i
t
a
t
n
e
s
e
r
P
s
’
d
o
i
r
e
P
t
n
e
r
r
u
C
e
h
t
h
t
i
w
m
r
o
f
n
o
C
o
t
r
e
d
r
O
n
i
d
e
i
f
i
s
s
a
l
c
e
R
n
e
e
B
e
v
a
H
d
o
i
r
e
P
r
o
i
r
P
e
h
t
n
i
s
t
n
u
o
m
A
n
i
a
t
r
e
C
:
s
n
o
i
t
a
c
i
f
i
s
s
a
l
c
e
R
r
e
t
r
o
h
s
s
i
r
e
v
e
h
c
i
h
w
,
s
e
v
i
l
l
u
f
e
s
u
r
o
s
e
s
a
e
l
f
o
s
m
r
e
T
s
r
a
e
y
0
5
o
t
5
1
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
s
g
n
i
d
l
i
u
B
s
t
n
e
m
e
v
o
r
p
m
i
d
l
o
h
e
s
a
e
l
d
n
a
g
n
i
d
l
i
u
b
,
s
e
r
u
t
x
i
F
156
)
s
t
e
s
s
a
e
l
b
i
g
n
a
t
n
i
d
e
i
f
i
t
n
e
d
i
n
i
a
t
r
e
c
g
n
i
d
u
l
c
n
i
(
:
s
w
o
l
l
o
f
s
a
s
t
e
s
s
a
e
h
t
f
o
s
e
v
i
l
l
u
f
e
s
u
d
e
t
a
m
i
t
s
e
e
h
t
r
e
v
o
d
o
h
t
e
m
e
n
i
l
-
t
h
g
i
a
r
t
s
e
h
t
n
o
d
e
d
i
v
o
r
p
e
r
a
n
o
i
t
a
z
i
t
r
o
m
a
d
n
a
n
o
i
t
a
i
c
e
r
p
e
D
:
s
w
o
l
l
o
f
s
a
e
r
a
,
7
0
0
2
d
n
a
8
0
0
2
,
9
0
0
2
,
1
3
r
e
b
m
e
c
e
D
d
e
d
n
e
s
r
a
e
y
e
h
t
r
o
f
s
t
e
s
s
a
e
t
a
t
s
e
l
a
e
r
l
a
t
o
t
n
i
s
e
g
n
a
h
c
e
h
T
.
9
0
0
2
,
1
3
r
e
b
m
e
c
e
D
t
a
n
o
i
l
l
i
b
6
.
7
$
y
l
e
t
a
m
i
x
o
r
p
p
a
s
a
w
s
e
s
o
p
r
u
p
x
a
t
e
m
o
c
n
i
l
a
r
e
d
e
F
r
o
f
t
s
o
c
e
t
a
g
e
r
g
g
a
e
h
T
S
E
I
R
A
I
D
I
S
B
U
S
D
N
A
N
O
I
T
A
R
O
P
R
O
C
Y
T
L
A
E
R
O
C
M
I
K
E
T
A
T
S
E
L
A
E
R
N
O
S
N
A
O
L
E
G
A
G
T
R
O
M
–
V
I
E
L
U
D
E
H
C
S
9
0
0
2
,
1
3
r
e
b
m
e
c
e
D
f
o
s
A
)
s
d
n
a
s
u
o
h
t
n
i
(
g
n
i
y
r
r
a
C
t
n
u
o
m
A
s
e
g
a
g
t
r
o
M
f
o
t
n
u
o
m
A
e
c
a
F
s
e
g
a
g
t
r
o
M
f
o
e
l
b
a
l
i
a
v
A
m
u
m
i
x
a
M
r
o
)
3
(
)
2
(
)
2
(
t
i
d
e
r
C
s
n
e
i
L
r
o
i
r
P
c
i
d
o
i
r
e
P
t
n
e
m
y
a
P
)
1
(
s
m
r
e
T
l
a
n
i
F
e
t
a
D
y
t
i
r
u
t
a
M
s
e
t
a
R
t
n
e
m
y
a
P
t
s
e
r
e
t
n
I
s
e
t
a
R
l
a
u
r
c
c
A
t
s
e
r
e
t
n
I
)
3
(
n
o
i
t
a
c
o
L
n
o
i
t
p
i
r
c
s
e
D
r
e
w
o
r
r
o
B
/
n
a
o
L
f
o
e
p
y
T
4
9
3
,
2
2
$
0
0
8
,
3
2
$
—
$
0
0
0
,
3
1
0
0
0
,
9
0
1
9
,
5
1
3
6
0
,
6
9
6
9
,
5
9
4
5
,
5
1
8
3
,
4
2
6
1
,
4
7
0
0
,
7
3
5
3
4
,
3
2
1
4
0
6
,
3
8
3
0
,
4
5
5
2
0
0
5
,
7
1
0
0
0
,
8
1
6
0
9
,
6
1
0
0
0
,
3
1
0
9
5
,
7
6
2
0
,
8
9
0
5
,
6
7
0
3
,
5
5
9
1
,
6
4
3
3
8
,
2
6
1
7
6
0
,
7
9
5
9
,
8
—
—
—
—
—
—
—
—
—
—
—
2
3
3
,
1
3
1
$
9
5
8
,
8
7
1
$
I
I
I
I
I
I
I
I
I
3
1
0
2
/
7
2
/
6
9
0
0
2
/
7
1
/
4
2
1
0
2
/
9
1
/
0
1
0
1
0
2
/
3
1
/
4
2
1
0
2
/
1
3
/
2
1
0
1
0
2
/
1
/
3
6
1
0
2
/
1
/
9
9
1
0
2
/
1
/
6
6
1
0
2
/
1
/
9
%
0
5
.
8
%
4
+
r
o
b
i
L
%
0
5
.
8
%
4
+
r
o
b
i
L
%
5
7
.
1
+
e
m
i
r
P
r
o
%
5
2
.
3
+
r
o
b
i
L
%
5
7
.
1
+
e
m
i
r
P
r
o
%
5
2
.
3
+
r
o
b
i
L
%
0
5
.
8
%
0
1
.
8
%
0
0
.
2
1
%
0
0
.
2
1
%
7
5
.
7
%
0
0
.
2
1
%
0
5
.
8
%
0
1
.
8
%
0
0
.
2
1
%
0
0
.
2
1
%
7
5
.
7
%
0
0
.
2
1
c
e
b
e
u
Q
,
l
a
e
r
t
n
o
M
Y
N
,
k
r
o
Y
w
e
N
J
N
,
e
n
n
o
y
a
B
r
e
t
n
e
C
l
a
c
i
d
e
M
r
e
t
n
e
C
l
a
c
i
d
e
M
s
t
n
e
m
t
r
a
p
A
a
d
a
n
a
C
,
o
i
r
a
t
n
O
t
n
e
m
p
o
l
e
v
e
D
l
i
a
t
e
R
o
c
i
x
e
M
,
s
a
d
e
l
o
b
r
A
a
d
a
n
a
C
,
o
t
n
o
r
o
T
o
c
i
x
e
M
,
a
r
a
j
a
l
a
d
a
u
G
o
c
i
x
e
M
,
a
r
a
j
a
l
a
d
a
u
G
L
F
,
i
m
a
i
M
l
i
a
t
e
R
l
i
a
t
e
R
l
i
a
t
e
R
l
i
a
t
e
R
l
i
a
t
e
R
:
s
n
a
o
L
e
g
a
g
t
r
o
M
A
r
e
w
o
r
r
o
B
B
r
e
w
o
r
r
o
B
C
r
e
w
o
r
r
o
B
D
r
e
w
o
r
r
o
B
E
r
e
w
o
r
r
o
B
F
r
e
w
o
r
r
o
B
G
r
e
w
o
r
r
o
B
H
r
e
w
o
r
r
o
B
I
r
e
w
o
r
r
o
B
%
3
<
y
l
l
a
u
d
i
v
i
d
n
I
:
t
i
d
e
r
C
f
o
s
e
n
i
L
%
3
<
y
l
l
a
u
d
i
v
i
d
n
I
%
3
<
y
l
l
a
u
d
i
v
i
d
n
I
:
r
e
h
t
O
s
t
s
o
c
n
a
o
l
d
e
z
i
l
a
t
i
p
a
C
157
e
v
o
b
a
n
o
i
t
a
c
o
l
c
i
h
p
a
r
g
o
e
g
e
h
t
y
b
d
e
t
a
c
i
d
n
i
s
a
s
o
s
e
p
n
a
c
i
x
e
M
d
n
a
s
r
a
l
l
o
d
n
a
i
d
a
n
a
C
,
s
r
a
l
l
o
d
.
.
S
U
n
i
d
e
t
a
n
i
m
o
n
e
d
e
r
a
s
w
o
l
f
h
s
a
c
l
a
u
t
c
a
s
t
n
e
m
u
r
t
s
n
i
e
h
T
2
3
3
,
1
3
1
$
s
i
s
e
s
o
p
r
u
p
x
a
t
e
m
o
c
n
i
l
a
r
e
d
e
F
r
o
f
t
s
o
c
e
t
a
g
e
r
g
g
a
e
h
T
y
l
n
o
t
s
e
r
e
t
n
I
=
I
l
a
t
o
T
)
1
(
)
2
(
)
3
(
.
s
e
l
b
a
v
i
e
c
e
r
l
a
t
o
t
e
h
t
f
o
y
t
i
l
a
i
r
e
t
a
m
e
h
t
g
n
i
r
e
d
i
s
n
o
c
e
v
i
s
s
e
c
x
e
d
e
m
e
e
d
s
i
s
t
e
s
s
a
e
s
e
h
t
n
o
n
o
i
t
a
u
l
a
v
t
n
e
d
n
e
p
e
d
n
i
n
a
g
n
i
n
i
a
t
b
o
f
o
t
s
o
c
e
h
T
.
e
l
b
a
l
i
a
v
a
t
o
n
e
r
a
s
e
c
i
r
p
t
e
k
r
a
m
d
e
t
o
u
q
s
a
e
l
b
a
v
i
e
c
e
r
h
c
a
e
f
o
e
u
l
a
v
r
i
a
f
e
h
t
e
t
a
m
i
t
s
e
o
t
e
l
b
a
c
i
t
c
a
r
p
t
o
n
s
i
t
i
s
l
e
e
f
y
n
a
p
m
o
C
e
h
T
.
K
0
1
m
r
o
F
f
o
t
r
o
p
e
r
l
a
u
n
n
a
s
i
h
t
n
i
d
e
d
u
l
c
n
i
s
t
n
e
m
e
t
a
t
S
l
a
i
c
n
a
n
i
F
d
e
t
a
d
i
l
o
s
n
o
C
o
t
s
e
t
o
N
e
h
t
f
o
0
1
e
t
o
N
e
e
s
9
0
0
2
,
1
3
r
e
b
m
e
c
e
D
o
t
7
0
0
2
,
1
y
r
a
u
n
a
J
m
o
r
f
s
e
l
b
a
v
i
e
c
e
r
g
n
i
c
n
a
n
i
f
r
e
h
t
o
d
n
a
e
g
a
g
t
r
o
m
f
o
n
o
i
t
a
i
l
i
c
n
o
c
e
r
a
r
o
F
Exhibit 12.1
KIMCO REALTY CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE YEAR ENDED DECEMBER 31, 2009
Pretax loss from continuing operations before adjustment for
noncontrolling interests or income loss from equity investees . . . . . . .
$ (55,650,962)
Add:
Interest on indebtedness (excluding capitalized interest). . . . . . . . . . . .
Amortization of debt related expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Portion of rents representative of the interest factor . . . . . . . . . . . . . . .
209,678,956
7,742,739
7,886,099
169,656,832
Distributed income from equity investees . . . . . . . . . . . . . . . . . . . . . . . . .
136,697,229
Pretax earnings from continuing operations, as adjusted . . . . . . . . .
$306,354,061
Fixed charges -
Interest on indebtedness (including capitalized interest) . . . . . . . . . . . .
Amortization of debt related expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Portion of rents representative of the interest factor . . . . . . . . . . . . . . .
$231,143,601
4,069,225
7,886,099
Fixed charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$243,098,925
Ratio of earnings to fixed charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.26
158
KIMCO REALTY CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS FOR THE YEAR ENDED DECEMBER 31, 2009
Exhibit 12.2
Pretax loss from continuing operations before adjustment for
noncontrolling interests or income loss from equity investees . . . . . . .
$ (55,650,962)
Add:
Interest on indebtedness (excluding capitalized interest). . . . . . . . . . . .
Amortization of debt related expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Portion of rents representative of the interest factor . . . . . . . . . . . . . . .
209,678,956
7,742,739
7,886,099
169,656,832
Distributed income from equity investees . . . . . . . . . . . . . . . . . . . . . . . . .
Pretax earnings from continuing operations, as adjusted . . . . . . . . .
136,697,229
$306,354,061
Combined fixed charges and preferred stock dividends -
Interest on indebtedness (including capitalized interest) . . . . . . . . . . . .
Preferred dividend factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Amortization of debt related expenses . . . . . . . . . . . . . . . . . . . . . . . . . .
Portion of rents representative of the interest factor . . . . . . . . . . . . . . .
$231,143,601
47,287,500
4,069,225
7,886,099
Combined fixed charges and preferred stock dividends. . . . . . . . . .
$290,386,425
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1.05
159
Exhibit 31.1
CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, David B. Henry certify that:
1. I have reviewed this report on Form 10-K of Kimco Realty Corporation;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under
our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during
the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;
and
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or
persons performing the equivalent function):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report
financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant’s internal control over financial reporting.
Date: February 26, 2010
/s/ David B. Henry
David B. Henry
Chief Executive Officer
160
Exhibit 31.2
CERTIFICATION PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Michael V. Pappagallo certify that:
1. I have reviewed this report on Form 10-K of Kimco Realty Corporation;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under
our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and
d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during
the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;
and
5. The registrant’s other certifying officer (s) and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or
persons performing the equivalent function):
a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report
financial information; and
b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant’s internal control over financial reporting.
Date: February 26, 2010
/s/ Michael V. Pappagallo
Michael V. Pappagallo
Chief Financial Officer
161
Section 906 Certification
Exhibit 32.1
Pursuant to 18 U.S.C. ss. 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned
officers of Kimco Realty Corporation (the “Company”) hereby certifies, to such officer’s knowledge, that:
(i) the accompanying Annual Report on Form 10-K of the Company for the year ended December 31, 2009 (the
“Report”) fully complies with the requirements of Section 13 (a) or Section 15 (d), as applicable, of the Securities Exchange
Act of 1934, as amended; and
(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Company.
Date: February 26, 2010
Date: February 26, 2010
/s/ David B. Henry
David B. Henry
Chief Executive Officer
/s/ Michael V. Pappagallo
Michael V. Pappagallo
Chief Financial Officer
162
This page intentionally left blank
Kimco Realty Corporation and Subsidiaries
Shareholder Information
Counsel
Latham & Watkins
New York, NY
Auditors
PricewaterhouseCoopers LLP
New York, NY
Registrar and Transfer Agent
The Bank of
New York Mellon
P.O. Box 358015
Pittsburgh, PA 15252-8015
1-866-557-8695
Website: www.bnymellon/shareowner/isd
Email: shrrelations@bnymellon.com
Stock Listings
NYSE—Symbols
KIM, KIMprF, KIMprG
On July 11, 2009, the Company’s Chief
Executive Officer submitted to the New
York Stock Exchange the annual certifica-
tion required by Section 303A.12(a) of the
NYSE Company Manual. In addition, the
Company has filed with the Securities and
Exchange Commission as exhibits to its
Form 10-K for the fiscal year ended De-
cember 31, 2009, the certifications, required
pursuant to Section 302 of the Sarbanes-
Oxley Act, of its Chief Executive Officer and
Chief Financial Officer relating to the quality
of its public disclosure.
Investor Relations
A copy of the Company’s Annual Report to
the U.S. Securities and Exchange Commission
on Form 10-K may be obtained at no cost to
stockholders by writing to:
Barbara M. Pooley
Senior Vice President,
Finance and Investor Relations
Kimco Realty Corporation
3333 New Hyde Park Road
New Hyde Park, NY 11042
1-866-831-4297
E-mail: ir@kimcorealty.com
Annual Meeting of Stockholders
Stockholders of Kimco Realty Corporation are
cordially invited to attend the 2009 Annual
Meeting of Stockholders scheduled to be held
on May 5, 2010, at 277 Park Avenue, New York,
NY, Floor 50, at 10:00 a.m.
Dividend Reinvestment and
Common Stock Purchase Plan
The Company’s Dividend Reinvestment
and Common Stock Purchase Plan provides
common and preferred stockholders with an
opportunity to conveniently and economically
acquire Kimco common stock. Stockhold-
ers may have their dividends automatically
directed to our transfer agent to purchase
common shares without paying any brokerage
commissions. Requests for booklets describing
the Plan, enrollment forms and any corre-
spondence or questions regarding the Plan
should be directed to:
The Bank of New York Mellon
P.O. Box 358015
Pittsburgh, PA 15252-8015
1-866-557-8695
Holders of Record
Holders of record of the Company’s common
stock, par value $.01 per share, totaled 3,298
as of March 11, 2010.
Offices
Executive Offices
Regional Offices
3333 New Hyde Park Road
New Hyde Park, NY 11042
516-869-9000
www.kimcorealty.com
Mesa, AZ
480-890-1600
Daly City, CA
650-301-3000
Granite Bay, CA
916-349-7474
Irvine, CA
949-252-3880
Los Angeles, CA
310-284-6000
Vista, CA
760-727-1002
Walnut Creek, CA
925-977-9011
Hartford, CT
860-561-0545
Hollywood, FL
954-923-8330
Largo, FL
727-536-3287
Margate, FL
954-977-7340
Sanford, FL
407-302-4400
Rosemont, IL
847-299-1160
Columbia, MD
443-367-0110
164
Lutherville, MD
410-684-2000
Charlotte, NC
704-367-0131
Raleigh, NC
919-791-3650
Las Vegas, NV
702-258-4330
New York, NY
212-972-7456
White Plains, NY
914-328-8200
Canfield, OH
330-702-8000
Dayton, OH
937-434-5421
Portland, OR
503-574-3329
Austin, TX
512-323-0500
Dallas, TX
214-692-3581
Houston, TX
832-242-6913
San Antonio, TX
210-566-7610
Bellevue, WA
423-373-3500
191920_Kimco_NARR.indd 16
3/19/10 6:40 PM
(cid:39)(cid:83)(cid:86)(cid:84)(cid:83)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:93)
R E A L T YT Y
R E A L
(cid:38)(cid:83)(cid:69)(cid:86)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:87)
(cid:49)(cid:77)(cid:80)(cid:88)(cid:83)(cid:82)(cid:3)(cid:39)(cid:83)(cid:83)(cid:84)(cid:73)(cid:86)(cid:3)
(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:38)(cid:83)(cid:69)(cid:86)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:87)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:45)(cid:52)(cid:51)(cid:18)(cid:3)(cid:39)(cid:89)(cid:86)(cid:86)(cid:73)(cid:82)(cid:88)(cid:80)(cid:93)(cid:3)
(cid:76)(cid:83)(cid:80)(cid:72)(cid:87)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:17)
(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:16)(cid:3)
(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:88)(cid:76)(cid:77)(cid:87)(cid:3)(cid:86)(cid:83)(cid:80)(cid:73)(cid:16)(cid:3)(cid:76)(cid:73)(cid:3)(cid:87)(cid:73)(cid:86)(cid:90)(cid:73)(cid:72)(cid:3)
(cid:69)(cid:87)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:18)(cid:3)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)
(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:189)(cid:3)(cid:90)(cid:73)(cid:3)
(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:50)(cid:83)(cid:90)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:21)(cid:29)(cid:29)(cid:21)(cid:18)(cid:3)
(cid:42)(cid:83)(cid:89)(cid:82)(cid:72)(cid:77)(cid:82)(cid:75)(cid:3)(cid:81)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:17)
(cid:84)(cid:69)(cid:82)(cid:93)(cid:180)(cid:87)(cid:3)(cid:84)(cid:86)(cid:73)(cid:72)(cid:73)(cid:71)(cid:73)(cid:87)(cid:87)(cid:83)(cid:86)(cid:3)(cid:77)(cid:82)(cid:3)(cid:21)(cid:29)(cid:26)(cid:26)(cid:18)
(cid:54)(cid:77)(cid:71)(cid:76)(cid:69)(cid:86)(cid:72)(cid:3)(cid:43)(cid:18)(cid:3)(cid:40)(cid:83)(cid:83)(cid:80)(cid:73)(cid:93)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:40)(cid:73)(cid:71)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:21)(cid:29)(cid:29)(cid:21)(cid:18)(cid:3)(cid:42)(cid:86)(cid:83)(cid:81)(cid:3)(cid:21)(cid:29)(cid:29)(cid:23)(cid:3)(cid:88)(cid:83)(cid:3)
(cid:22)(cid:20)(cid:20)(cid:23)(cid:3)(cid:71)(cid:83)(cid:82)(cid:87)(cid:89)(cid:80)(cid:88)(cid:69)(cid:82)(cid:88)(cid:3)(cid:88)(cid:83)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)
(cid:21)(cid:29)(cid:27)(cid:28)(cid:3)(cid:88)(cid:83)(cid:3)(cid:21)(cid:29)(cid:29)(cid:23)(cid:16)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:49)(cid:69)(cid:87)(cid:87)(cid:69)(cid:71)(cid:76)(cid:89)(cid:87)(cid:73)(cid:88)(cid:88)(cid:87)(cid:3)(cid:49)(cid:89)(cid:88)(cid:89)(cid:69)(cid:80)(cid:3)
(cid:48)(cid:77)(cid:74)(cid:73)(cid:3)(cid:45)(cid:82)(cid:87)(cid:89)(cid:86)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:18)(cid:3)
(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)
(cid:49)(cid:77)(cid:80)(cid:88)(cid:83)(cid:82)(cid:3)(cid:39)(cid:83)(cid:83)(cid:84)(cid:73)(cid:86)
(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)
(cid:39)(cid:83)(cid:86)(cid:84)(cid:83)(cid:86)(cid:69)(cid:88)(cid:73)(cid:3)(cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:3)
(cid:43)(cid:80)(cid:73)(cid:82)(cid:82)(cid:3)(cid:43)(cid:18)(cid:3)(cid:39)(cid:83)(cid:76)(cid:73)(cid:82)
(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:56)(cid:86)(cid:73)(cid:69)(cid:87)(cid:89)(cid:86)(cid:73)(cid:86)(cid:3)
(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:37)(cid:71)(cid:71)(cid:83)(cid:89)(cid:82)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)
(cid:38)(cid:69)(cid:86)(cid:70)(cid:69)(cid:86)(cid:69)(cid:3)(cid:49)(cid:18)(cid:3)(cid:52)(cid:83)(cid:83)(cid:80)(cid:73)(cid:93)(cid:3)
(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:42)(cid:77)(cid:82)(cid:69)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:10)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:83)(cid:86)(cid:3)(cid:54)(cid:73)(cid:80)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)
(cid:38)(cid:86)(cid:89)(cid:71)(cid:73)(cid:3)(cid:54)(cid:89)(cid:70)(cid:73)(cid:82)(cid:87)(cid:88)(cid:73)(cid:77)(cid:82)
(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:43)(cid:73)(cid:82)(cid:73)(cid:86)(cid:69)(cid:80)(cid:3)(cid:39)(cid:83)(cid:89)(cid:82)(cid:87)(cid:73)(cid:80)(cid:3)(cid:10)(cid:3)(cid:55)(cid:73)(cid:71)(cid:86)(cid:73)(cid:88)(cid:69)(cid:86)(cid:93)
(cid:51)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)
(cid:39)(cid:83)(cid:82)(cid:83)(cid:86)(cid:3)(cid:42)(cid:80)(cid:93)(cid:82)(cid:82)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:91)(cid:73)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)(cid:3)
(cid:54)(cid:83)(cid:70)(cid:73)(cid:86)(cid:88)(cid:3)(cid:40)(cid:18)(cid:3)(cid:50)(cid:69)(cid:72)(cid:80)(cid:73)(cid:86)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:39)(cid:73)(cid:82)(cid:88)(cid:86)(cid:69)(cid:80)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)(cid:3)
(cid:46)(cid:83)(cid:73)(cid:3)(cid:43)(cid:86)(cid:77)(cid:80)(cid:80)(cid:87)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:46)(cid:69)(cid:82)(cid:89)(cid:69)(cid:86)(cid:93)(cid:3)(cid:21)(cid:29)(cid:29)(cid:27)(cid:18)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:45)(cid:38)(cid:49)(cid:3)(cid:54)(cid:73)(cid:88)(cid:77)(cid:86)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:42)(cid:89)(cid:82)(cid:72)(cid:87)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:21)(cid:29)(cid:28)(cid:26)(cid:3)(cid:88)(cid:83)(cid:3)(cid:21)(cid:29)(cid:29)(cid:23)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:76)(cid:73)(cid:80)(cid:72)(cid:3)(cid:90)(cid:69)(cid:86)(cid:77)(cid:83)(cid:89)(cid:87)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)(cid:45)(cid:38)(cid:49)(cid:3)
(cid:74)(cid:83)(cid:86)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:189)(cid:3)(cid:90)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)
(cid:88)(cid:83)(cid:3)(cid:21)(cid:29)(cid:28)(cid:26)(cid:18)(cid:3)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:38)(cid:18)(cid:3)(cid:44)(cid:73)(cid:82)(cid:86)(cid:93)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:38)(cid:83)(cid:69)(cid:86)(cid:72)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:87)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:49)(cid:69)(cid:93)(cid:3)(cid:22)(cid:20)(cid:20)(cid:21)(cid:16)(cid:3)(cid:69)(cid:84)(cid:17)
(cid:84)(cid:83)(cid:77)(cid:82)(cid:88)(cid:73)(cid:72)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:50)(cid:83)(cid:90)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)
(cid:22)(cid:20)(cid:20)(cid:29)(cid:16)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:40)(cid:73)(cid:71)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:16)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:18)(cid:3)(cid:52)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)
(cid:88)(cid:83)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:16)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)
(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:43)(cid:41)(cid:3)(cid:39)(cid:69)(cid:84)(cid:77)(cid:17)
(cid:88)(cid:69)(cid:80)(cid:3)(cid:54)(cid:73)(cid:69)(cid:80)(cid:3)(cid:41)(cid:87)(cid:88)(cid:69)(cid:88)(cid:73)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:21)(cid:29)(cid:29)(cid:27)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:76)(cid:73)(cid:80)(cid:72)(cid:3)(cid:90)(cid:69)(cid:86)(cid:77)(cid:83)(cid:89)(cid:87)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)(cid:43)(cid:41)(cid:3)
(cid:39)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:189)(cid:3)(cid:90)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)
(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:21)(cid:29)(cid:29)(cid:27)(cid:18)(cid:3)
(cid:42)(cid:18)(cid:3)(cid:52)(cid:69)(cid:88)(cid:86)(cid:77)(cid:71)(cid:79)(cid:3)(cid:44)(cid:89)(cid:75)(cid:76)(cid:73)(cid:87)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)
(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:51)(cid:71)(cid:88)(cid:83)(cid:70)(cid:73)(cid:86)(cid:3)(cid:22)(cid:20)(cid:20)(cid:23)(cid:18)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:44)(cid:89)(cid:75)(cid:76)(cid:73)(cid:87)(cid:3)(cid:10)(cid:3)(cid:37)(cid:87)(cid:87)(cid:83)(cid:71)(cid:77)(cid:69)(cid:88)(cid:73)(cid:87)(cid:16)(cid:3)(cid:48)(cid:48)(cid:39)(cid:3)
(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:51)(cid:71)(cid:88)(cid:83)(cid:70)(cid:73)(cid:86)(cid:3)(cid:22)(cid:20)(cid:20)(cid:23)(cid:18)(cid:3)(cid:52)(cid:86)(cid:73)(cid:90)(cid:77)(cid:83)(cid:89)(cid:87)(cid:80)(cid:93)(cid:3)
(cid:87)(cid:73)(cid:86)(cid:90)(cid:73)(cid:72)(cid:3)(cid:69)(cid:87)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:17)
(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:56)(cid:86)(cid:89)(cid:87)(cid:88)(cid:73)(cid:73)(cid:3)(cid:83)(cid:74)(cid:3)
(cid:49)(cid:77)(cid:72)(cid:17)(cid:37)(cid:88)(cid:80)(cid:69)(cid:82)(cid:88)(cid:77)(cid:71)(cid:3)(cid:54)(cid:73)(cid:69)(cid:80)(cid:88)(cid:93)(cid:3)(cid:56)(cid:86)(cid:89)(cid:87)(cid:88)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)
(cid:77)(cid:88)(cid:87)(cid:3)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:77)(cid:82)(cid:3)(cid:21)(cid:29)(cid:29)(cid:23)(cid:3)(cid:88)(cid:83)(cid:3)(cid:22)(cid:20)(cid:20)(cid:23)(cid:18)
(cid:42)(cid:86)(cid:69)(cid:82)(cid:79)(cid:3)(cid:48)(cid:83)(cid:89)(cid:86)(cid:73)(cid:82)(cid:87)(cid:83)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:40)(cid:73)(cid:71)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:21)(cid:29)(cid:29)(cid:21)(cid:18)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:46)(cid:18)(cid:52)(cid:18)(cid:3)(cid:49)(cid:83)(cid:86)(cid:75)(cid:69)(cid:82)(cid:3)(cid:39)(cid:76)(cid:69)(cid:87)(cid:73)(cid:3)
(cid:38)(cid:69)(cid:82)(cid:79)(cid:3)(cid:12)(cid:177)(cid:46)(cid:18)(cid:52)(cid:18)(cid:3)(cid:49)(cid:83)(cid:86)(cid:75)(cid:69)(cid:82)(cid:178)(cid:16)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:87)(cid:89)(cid:71)(cid:17)
(cid:71)(cid:73)(cid:87)(cid:87)(cid:83)(cid:86)(cid:3)(cid:70)(cid:93)(cid:3)(cid:81)(cid:73)(cid:86)(cid:75)(cid:73)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:56)(cid:76)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:87)(cid:73)(cid:3)
(cid:49)(cid:69)(cid:82)(cid:76)(cid:69)(cid:88)(cid:88)(cid:69)(cid:82)(cid:3)(cid:38)(cid:69)(cid:82)(cid:79)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)(cid:39)(cid:76)(cid:73)(cid:81)(cid:77)(cid:71)(cid:69)(cid:80)(cid:3)
(cid:38)(cid:69)(cid:82)(cid:79)(cid:16)(cid:3)(cid:50)(cid:18)(cid:37)(cid:18)(cid:13)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)(cid:21)(cid:29)(cid:29)(cid:20)(cid:18)(cid:3)(cid:55)(cid:73)(cid:82)(cid:77)(cid:83)(cid:86)(cid:3)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)(cid:83)(cid:74)(cid:3)(cid:46)(cid:18)(cid:52)(cid:18)(cid:3)(cid:49)(cid:83)(cid:86)(cid:75)(cid:69)(cid:82)(cid:3)
(cid:39)(cid:76)(cid:69)(cid:87)(cid:73)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:189)(cid:3)(cid:90)(cid:73)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)
(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:21)(cid:29)(cid:29)(cid:20)(cid:18)
(cid:54)(cid:77)(cid:71)(cid:76)(cid:69)(cid:86)(cid:72)(cid:3)(cid:38)(cid:18)(cid:3)(cid:55)(cid:69)(cid:80)(cid:88)(cid:94)(cid:81)(cid:69)(cid:82)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:46)(cid:89)(cid:80)(cid:93)(cid:3)(cid:22)(cid:20)(cid:20)(cid:23)(cid:18)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)(cid:39)(cid:83)(cid:80)(cid:83)(cid:82)(cid:93)(cid:3)
(cid:39)(cid:69)(cid:84)(cid:77)(cid:88)(cid:69)(cid:80)(cid:3)(cid:48)(cid:48)(cid:39)(cid:16)(cid:3)(cid:12)(cid:177)(cid:39)(cid:83)(cid:80)(cid:83)(cid:82)(cid:93)(cid:178)(cid:13)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:49)(cid:69)(cid:93)(cid:3)(cid:22)(cid:20)(cid:20)(cid:23)(cid:18)(cid:3)(cid:52)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:78)(cid:83)(cid:77)(cid:82)(cid:77)(cid:82)(cid:75)(cid:3)
(cid:39)(cid:83)(cid:80)(cid:83)(cid:82)(cid:93)(cid:16)(cid:3)(cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:3)(cid:83)(cid:74)(cid:3)(cid:49)(cid:73)(cid:86)(cid:86)(cid:77)(cid:80)(cid:80)(cid:3)(cid:48)(cid:93)(cid:82)(cid:71)(cid:76)(cid:180)(cid:87)(cid:3)
(cid:77)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:70)(cid:69)(cid:82)(cid:79)(cid:77)(cid:82)(cid:75)(cid:3)(cid:72)(cid:77)(cid:90)(cid:77)(cid:87)(cid:77)(cid:83)(cid:82)(cid:3)(cid:69)(cid:82)(cid:72)(cid:3)
(cid:76)(cid:73)(cid:80)(cid:72)(cid:3)(cid:90)(cid:69)(cid:86)(cid:77)(cid:83)(cid:89)(cid:87)(cid:3)(cid:83)(cid:88)(cid:76)(cid:73)(cid:86)(cid:3)(cid:84)(cid:83)(cid:87)(cid:77)(cid:88)(cid:77)(cid:83)(cid:82)(cid:87)(cid:3)(cid:69)(cid:88)(cid:3)
(cid:49)(cid:73)(cid:86)(cid:86)(cid:77)(cid:80)(cid:80)(cid:3)(cid:48)(cid:93)(cid:82)(cid:71)(cid:76)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:81)(cid:83)(cid:86)(cid:73)(cid:3)(cid:88)(cid:76)(cid:69)(cid:82)(cid:3)(cid:189)(cid:3)(cid:90)(cid:73)(cid:3)
(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)(cid:84)(cid:86)(cid:77)(cid:83)(cid:86)(cid:3)(cid:88)(cid:83)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:88)(cid:77)(cid:81)(cid:73)(cid:18)
(cid:52)(cid:76)(cid:77)(cid:80)(cid:77)(cid:84)(cid:3)(cid:41)(cid:18)(cid:3)(cid:39)(cid:83)(cid:90)(cid:77)(cid:73)(cid:80)(cid:80)(cid:83)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:3)(cid:87)(cid:77)(cid:82)(cid:71)(cid:73)(cid:3)
(cid:49)(cid:69)(cid:93)(cid:3)(cid:22)(cid:20)(cid:20)(cid:28)(cid:18)(cid:3)(cid:52)(cid:69)(cid:86)(cid:88)(cid:82)(cid:73)(cid:86)(cid:3)(cid:83)(cid:74)(cid:3)(cid:48)(cid:69)(cid:88)(cid:76)(cid:69)(cid:81)(cid:3)(cid:10)(cid:3)
(cid:59)(cid:69)(cid:88)(cid:79)(cid:77)(cid:82)(cid:87)(cid:3)(cid:48)(cid:48)(cid:52)(cid:16)(cid:3)(cid:69)(cid:82)(cid:3)(cid:77)(cid:82)(cid:88)(cid:73)(cid:86)(cid:82)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:69)(cid:80)(cid:3)
(cid:80)(cid:69)(cid:91)(cid:3)(cid:189)(cid:3)(cid:86)(cid:81)(cid:16)(cid:3)(cid:74)(cid:83)(cid:86)(cid:3)(cid:21)(cid:28)(cid:3)(cid:93)(cid:73)(cid:69)(cid:86)(cid:87)(cid:3)(cid:89)(cid:82)(cid:88)(cid:77)(cid:80)(cid:3)(cid:76)(cid:77)(cid:87)(cid:3)
(cid:86)(cid:73)(cid:88)(cid:77)(cid:86)(cid:73)(cid:81)(cid:73)(cid:82)(cid:88)(cid:3)(cid:74)(cid:86)(cid:83)(cid:81)(cid:3)(cid:88)(cid:76)(cid:69)(cid:88)(cid:3)(cid:189)(cid:3)(cid:86)(cid:81)(cid:3)(cid:69)(cid:87)(cid:3)
(cid:83)(cid:74)(cid:3)(cid:40)(cid:73)(cid:71)(cid:73)(cid:81)(cid:70)(cid:73)(cid:86)(cid:3)(cid:23)(cid:21)(cid:16)(cid:3)(cid:22)(cid:20)(cid:20)(cid:23)(cid:18)(cid:3)(cid:48)(cid:69)(cid:88)(cid:76)(cid:69)(cid:81)(cid:3)
(cid:10)(cid:3)(cid:59)(cid:69)(cid:88)(cid:79)(cid:77)(cid:82)(cid:87)(cid:3)(cid:48)(cid:48)(cid:52)(cid:3)(cid:84)(cid:86)(cid:83)(cid:90)(cid:77)(cid:72)(cid:73)(cid:87)(cid:3)(cid:80)(cid:73)(cid:75)(cid:69)(cid:80)(cid:3)
(cid:87)(cid:73)(cid:86)(cid:90)(cid:77)(cid:71)(cid:73)(cid:87)(cid:3)(cid:88)(cid:83)(cid:3)(cid:88)(cid:76)(cid:73)(cid:3)(cid:39)(cid:83)(cid:81)(cid:84)(cid:69)(cid:82)(cid:93)(cid:18)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:38)(cid:18)(cid:3)(cid:44)(cid:73)(cid:82)(cid:86)(cid:93)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:39)(cid:76)(cid:69)(cid:77)(cid:86)(cid:81)(cid:69)(cid:82)(cid:16)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)
(cid:49)(cid:77)(cid:71)(cid:76)(cid:69)(cid:73)(cid:80)(cid:3)(cid:58)(cid:18)(cid:3)(cid:52)(cid:69)(cid:84)(cid:84)(cid:69)(cid:75)(cid:69)(cid:80)(cid:80)(cid:83)
(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)
(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:42)(cid:77)(cid:82)(cid:69)(cid:82)(cid:71)(cid:77)(cid:69)(cid:80)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)(cid:3)
(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:37)(cid:72)(cid:81)(cid:77)(cid:82)(cid:77)(cid:87)(cid:88)(cid:86)(cid:69)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)
(cid:40)(cid:69)(cid:90)(cid:77)(cid:72)(cid:3)(cid:54)(cid:18)(cid:3)(cid:48)(cid:89)(cid:79)(cid:73)(cid:87)
(cid:41)(cid:92)(cid:73)(cid:71)(cid:89)(cid:88)(cid:77)(cid:90)(cid:73)(cid:3)(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:3)
(cid:10)(cid:3)(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:51)(cid:84)(cid:73)(cid:86)(cid:69)(cid:88)(cid:77)(cid:82)(cid:75)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)
(cid:59)(cid:77)(cid:80)(cid:80)(cid:77)(cid:69)(cid:81)(cid:3)(cid:38)(cid:86)(cid:83)(cid:91)(cid:82)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:40)(cid:73)(cid:90)(cid:73)(cid:80)(cid:83)(cid:84)(cid:81)(cid:73)(cid:82)(cid:88)
(cid:55)(cid:71)(cid:83)(cid:88)(cid:88)(cid:3)(cid:51)(cid:82)(cid:89)(cid:74)(cid:86)(cid:73)(cid:93)(cid:3)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:49)(cid:69)(cid:82)(cid:69)(cid:75)(cid:77)(cid:82)(cid:75)(cid:3)(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)
(cid:54)(cid:69)(cid:93)(cid:81)(cid:83)(cid:82)(cid:72)(cid:3)(cid:41)(cid:72)(cid:91)(cid:69)(cid:86)(cid:72)(cid:87)(cid:3)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)
(cid:54)(cid:73)(cid:88)(cid:69)(cid:77)(cid:80)(cid:3)(cid:55)(cid:73)(cid:86)(cid:90)(cid:77)(cid:71)(cid:73)(cid:87)
(cid:42)(cid:86)(cid:73)(cid:72)(cid:86)(cid:77)(cid:71)(cid:79)(cid:3)(cid:47)(cid:89)(cid:86)(cid:94)(cid:3)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)
(cid:55)(cid:88)(cid:86)(cid:89)(cid:71)(cid:88)(cid:89)(cid:86)(cid:73)(cid:72)(cid:3)(cid:45)(cid:82)(cid:90)(cid:73)(cid:87)(cid:88)(cid:81)(cid:73)(cid:82)(cid:88)(cid:87)
(cid:48)(cid:73)(cid:69)(cid:76)(cid:3)(cid:48)(cid:69)(cid:82)(cid:72)(cid:86)(cid:83)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:44)(cid:89)(cid:81)(cid:69)(cid:82)(cid:3)(cid:54)(cid:73)(cid:87)(cid:83)(cid:89)(cid:86)(cid:71)(cid:73)(cid:87)
(cid:56)(cid:76)(cid:83)(cid:81)(cid:69)(cid:87)(cid:3)(cid:56)(cid:69)(cid:72)(cid:72)(cid:73)(cid:83)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:39)(cid:76)(cid:77)(cid:73)(cid:74)(cid:3)(cid:45)(cid:82)(cid:74)(cid:83)(cid:86)(cid:81)(cid:69)(cid:88)(cid:77)(cid:83)(cid:82)(cid:3)(cid:51)(cid:74)(cid:189)(cid:3)(cid:71)(cid:73)(cid:86)
(cid:52)(cid:69)(cid:89)(cid:80)(cid:3)(cid:52)(cid:89)(cid:81)(cid:69)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:42)(cid:80)(cid:83)(cid:86)(cid:77)(cid:72)(cid:69)(cid:19)(cid:55)(cid:83)(cid:89)(cid:88)(cid:76)(cid:73)(cid:69)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:46)(cid:83)(cid:76)(cid:82)(cid:3)(cid:58)(cid:77)(cid:87)(cid:71)(cid:83)(cid:82)(cid:87)(cid:77)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:52)(cid:69)(cid:71)(cid:77)(cid:189)(cid:3)(cid:71)(cid:3)(cid:55)(cid:83)(cid:89)(cid:88)(cid:76)(cid:91)(cid:73)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:56)(cid:83)(cid:81)(cid:3)(cid:55)(cid:77)(cid:81)(cid:81)(cid:83)(cid:82)(cid:87)(cid:3)
(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:49)(cid:77)(cid:72)(cid:17)(cid:37)(cid:88)(cid:80)(cid:69)(cid:82)(cid:88)(cid:77)(cid:71)(cid:19)(cid:50)(cid:83)(cid:86)(cid:88)(cid:76)(cid:73)(cid:69)(cid:87)(cid:88)(cid:3)(cid:54)(cid:73)(cid:75)(cid:77)(cid:83)(cid:82)
(cid:49)(cid:77)(cid:71)(cid:76)(cid:69)(cid:73)(cid:80)(cid:3)(cid:49)(cid:73)(cid:80)(cid:87)(cid:83)(cid:82)
(cid:58)(cid:77)(cid:71)(cid:73)(cid:3)(cid:52)(cid:86)(cid:73)(cid:87)(cid:77)(cid:72)(cid:73)(cid:82)(cid:88)(cid:16)(cid:3)
(cid:47)(cid:54)(cid:39)(cid:3)(cid:49)(cid:73)(cid:92)(cid:77)(cid:71)(cid:83)
(cid:47)(cid:73)(cid:80)(cid:80)(cid:93)(cid:3)(cid:55)(cid:81)(cid:77)(cid:88)(cid:76)
(cid:40)(cid:77)(cid:86)(cid:73)(cid:71)(cid:88)(cid:83)(cid:86)(cid:16)(cid:3)
(cid:39)(cid:69)(cid:82)(cid:69)(cid:72)(cid:69)
(cid:23)(cid:23)(cid:23)(cid:23)(cid:3)(cid:50)(cid:73)(cid:91)(cid:3)(cid:44)(cid:93)(cid:72)(cid:73)(cid:3)(cid:52)(cid:69)(cid:86)(cid:79)(cid:3)(cid:54)(cid:83)(cid:69)(cid:72)(cid:16)(cid:3)(cid:55)(cid:89)(cid:77)(cid:88)(cid:73)(cid:3)(cid:21)(cid:20)(cid:20)
(cid:50)(cid:73)(cid:91)(cid:3)(cid:44)(cid:93)(cid:72)(cid:73)(cid:3)(cid:52)(cid:69)(cid:86)(cid:79)(cid:16)(cid:3)(cid:50)(cid:61)(cid:3)(cid:21)(cid:21)(cid:20)(cid:24)(cid:22)
(cid:56)(cid:73)(cid:80)(cid:30)(cid:3)(cid:25)(cid:21)(cid:26)(cid:17)(cid:28)(cid:26)(cid:29)(cid:17)(cid:29)(cid:20)(cid:20)(cid:20)(cid:3)(cid:42)(cid:69)(cid:92)(cid:30)(cid:3)(cid:25)(cid:21)(cid:26)(cid:17)(cid:28)(cid:26)(cid:29)(cid:17)(cid:29)(cid:20)(cid:20)(cid:21)
(cid:91)(cid:91)(cid:91)(cid:18)(cid:79)(cid:77)(cid:81)(cid:71)(cid:83)(cid:86)(cid:73)(cid:69)(cid:80)(cid:88)(cid:93)(cid:18)(cid:71)(cid:83)(cid:81)