Page 21 - Bulletin 2020 January - Final April Volume 25 Issue 1_Neat

*XHVW (GLWRULDO _ (WKLFV FRQWLQXHG

&29,'- (WKLFV )DLWK DQG )LQDQFH

:H ZHUH DVNHG WR GR WKLV ZLWK QR VROLG SODQ IRU WKH ILQDQFLDO UDPLILFDWLRQV RI VXFK
DFWLRQ , KHDUG SURWHVWDWLRQV IURP PRVW ³KRZ ULGLFXORXV WKDW UHTXHVW LV ´ ³WKHUH LV
QR ZD\ , FDQ DIIRUG WR GR WKDW ´ $V KHDOWKFDUH SURYLGHUV SHRSOH ZKR KDYH WKH

SULYLOHJH WR PDNH D JDLQIXO LQFRPH DQG SURYLGH IRU RXU IDPLOLHV E\ FDULQJ IRU RQH
RI WKH PRVW VHQVLWLYH DUHDV RI WKH KXPDQ ERG\ ZH VKRXOG UHDOL]H RXU GHVLJQDWHG
OHDGHUV GLGQ¶W FDYDOLHUO\ PDNH WKLV SURKLELWLRQ OLJKWO\ ,W ZDV GRQH ZLWK GHHS
FRQVLGHUDWLRQ RI WKH KHDOWK DQG ZHOO-EHLQJ RI RXU HQWLUH VRFLHW\ 7KLV LV WKH FRQFHSW

RI WKH JUHDWHU JRRG SUHYDLOLQJ RYHU RXU SHUVRQDO VHOI-LQWHUHVW

:K\ GR VRPH RI RXU 0' FROOHDJXHV FRQWLQXH WR HDUQ WKHLU LQFRPH ZKLOH ZH DQ
HVVHQWLDO DUHD RI KHDOWKFDUH DUH VR VHYHUHO\ UHVWULFWHG IURP GHOLYHULQJ FDUH" +RZ
LV WKH WDFWLF RI IXUORXJKLQJ RXU EHORYHG HPSOR\HHV DQG UHTXHVWLQJ WKDW WKH\ DSSO\
IRU XQHPSOR\PHQW LQVXUDQFH ZLVH HFRQRPLFDOO\"

0RVW RI XV DUH HLWKHU FRQWHPSODWLQJ RU LQ P\ RSLQLRQ VKRXOG EH DFWLQJ RQ
REWDLQLQJ WKH QHZO\ DYDLODEOH 333 3D\FKHFN 3URWHFWLRQ 3URJUDP ORDQV FUHDWHG
E\ RXU IHGHUDO JRYHUQPHQW 7KLV SURJUDP DOORZV XV WR SODFH RXU SUHFLRXV VWDII
EDFN RQ IXOO VDODU\ DQG EHQHILWV DW OHDVW IRU D SHULRG RI WLPH ZLWKRXW FRVW WR XV

7KLV ZLOO SURYLGH WKH HFRQRPLF VWDELOLW\ WR RXU HPSOR\HHV HQIRUFH WKH GLJQLW\ WKDW
RXU HPSOR\PHQW SURYLGHV WKHP DQG DOORZ XV WR SODQ IRU D SRVW &29,'- ZRUOG
$V ZH SODQ IRU ERWK VKRUW DQG ORQJ-WHUP VROXWLRQV KDYH IDLWK WKDW QHZ
FRQVLGHUDWLRQV DQG DVVLVWDQFH ZLOO HYROYH WR DLG XV LQ GHYHORSLQJ D QHZ QRUPDO

2XU WUXH QDWXUH UHYHDOV LWVHOI LQ WKHVH WLPHV RI FULVLV

$V GHQWLVWV ZH DFNQRZOHGJH WKH XQLTXH QDWXUH RI RXU WUHDWPHQW UHTXLUHV LQYDVLRQ
RI VRFLDO GLVWDQFLQJ :H XQGHUVWDQG WKDW PXFRXV DQG VDOLYD DUH SUHGRPLQDQW
YHFWRUV RI WUDQVPLVVLRQ :H DHURVROL]H VDOLYD DQG LWV FRQWDPLQDQWV NQRZLQJ LW

FRDWV DOO ZLWKLQ RXU FRQGHQVHG WUHDWPHQW DUHDV DORQJ ZLWK UHPDLQLQJ LQ WKH
DWPRVSKHUH IRU DQ H[WHQGHG SHULRG RI WLPH 7KH WUDQVPLVVLELOLW\ RI &29,'-
VKRXOG FDXVH XV WR SDXVH DQG UHFRQVLGHU WKHVH WUXWKV VR ZH FDQ GHYHORS QHZ
SDUDGLJPV RI FDUH DQG WUXO\ DSSUHFLDWH DSSURSULDWH SHUVRQDO SURWHFWLYH HTXLSPHQW
:LWK WKLV HTXLSPHQW ZH DUH OHVV OLNHO\ WR H[SRVH RXU VWDII DQG WR OLPLW WKHLU

OLNHOLKRRG RI WUDQVPLWWLQJ LQIHFWLRQ WR SDWLHQWV

1DVVDX &RXQW\ 'HQWDO 6RFLHW\ s - _