Page 19 - SPAR Inside Out
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                                                                                                                     BG@OSDQ   [ HMSQN

               [ 23.1$ %(7341$2  -# %41-(341$


             2TODQL@QJDS RSNQDR RDKK FQNBDQHDR @MC EQDRG ENNC OQNCTBSR  SGDX CN MNS RDKK RGDKUDR  BGDBJNTSR @MC LDQBG@MCHRHMF TMHSR
             3GD jWSTQDR @MC ETQMHSTQD VD RDKDBS ENQ NTQ RSNQDR RGNTKC SGDQDENQD L@WHLHRD SGD UHRHAHKHSX NE SGD OQNCTBS NM R@KD  OK@BHMF   3GD !HF
             OQHNQHSX NM OQNCTBS UHRHAHKHSX @MC @BBDRRHAHKHSX  VHSG @DRSGDSHBR S@JHMF RDBNMC OQHNQHSX HM BQD@SHMF SGD A@BJ CQNO SN DMG@MBD
             SGD OQNCTBS Q@SGDQ SG@M NUDQVGDKL HS

             %TQMHSTQD @MC jSSHMFR RGNTKC G@UD RTHS@AKD ETMBSHNM@KHSX SN @KKNV SGDL SN AD BKD@MDC  LDQBG@MCHRDC @MC L@HMS@HMDC
             DEjBHDMSKX VHSGNTS @MX TMCTD ETRR NQ BNLOKHB@SHNM   1DLDLADQ SGDRD jSSHMFR @MC ETQMHRGHMFR VHKK ENQL O@QS NE @ RSNQDR C@HKX
             HMSDQ@BSHNMR  ANSG ENQ SGD BTRSNLDQ @R VDKK @R SGD RS@EE VGN G@UD SN LDQBG@MCHRD  BKD@M @MC L@HMS@HM SGDL   3HLD V@RSDC
             NM @MX NE SGDRD CTSHDR VHKK B@TRD EQTRSQ@SHNM @MC NODQ@SHNM@K HMDEjBHDMBHDR VGHBG VHKK HLO@BS ANSG RS@EE @MC SGD RSNQDR
             BTRSNLDQ

             2DKDBSDC ETQMHSTQD @MC jSSHMFR RGNTKC AD UHRT@KKX OKD@RHMF VHSGNTS ADHMF NUDQKX k@LANX@MS    3GDX RGNTKC AD QDK@SHUDKX
             CDRHFM MDTSQ@K  NEEDQHMF ADSSDQ KNMFDUHSX HM SGDHQ UHRHAKD @OOD@K  Q@SGDQ SG@M NUDQONVDQHMF @MC SQDMCX VGHBG B@M B@TRD
             ETQMHRGHMFR SN ADBNLD C@SDC @MC MN KNMFDQ E@RGHNM@AKX QDKDU@MS SN SGD L@QJDS


                %HQRS @MC ENQDLNRS  OQNCTBS LTRS QDL@HM JHMF  @MC SGD CHROK@X @MC @BBDRRHAHKHSX NE SG@S
                OQNCTBS HR VG@S HR LNRS HLONQS@MS SN SGD BTRSNLDQ  MNS MDBDRR@QHKX SGD BNRS NE SGD
                S@AKD NQ ETQMHSTQD HS HR ADHMF CHROK@XDC NM






























             -DTSQ@K BNKNTQR @MC M@STQ@K SDWSTQDR QDL@HM E@RGHNM@AKD @MC OQ@BSHB@K ENQ CDRHFM OTQONRDR  RDKCNL OQDRDMSHMF BNKNTQR NQ
             SDWSTQDR VGHBG L@X AD CDDLDC SN BK@RG VHSG MDHFGANTQHMF CDO@QSLDMSR NQ OQNCTBSR    3GD TRD NE SGDRD BNKNTQR @MC
             SDWSTQDR HM ODQL@MDMS NQ RDLH ODQL@MDMS jWSTQDR FHUDR RSNQDR @M NOONQSTMHSX SN QD HMUDMS SGDLRDKUDR AX HMSDKKHFDMS TRD NE
             UHAQ@MS FQ@OGHBR VGHBG B@M AD @CCDC NQ @KSDQDC LNQD QDFTK@QKX  @S @ LTBG KNVDQ BNRS SN QDETQMHRGHMF XNTQ RSNQD   8NTQ
             RSNQDR MDTSQ@K A@BJ CQNO NE ETQMHSTQD  QDL@HMR S@RSDETK @MC TMCDQRS@SDC  @KKNVHMF SGD BG@MFD NE RHFM@FD @MC FQ@OGHBR SN
             FHUD SGD HLOKHDC ODQBDOSHNM SG@S XNTQ RSNQD G@R TMCDQFNMD @ LNQD RTARS@MSH@K QDLNCDK SG@M VG@S G@R @BST@KKX ADDM CNMD

             /K@BDLDMS  RDKDBSHNM @MC NQHDMS@SHNM NE ETQMHSTQD RGNTKC AD BNLOKHLDMS@QX SN XNTQ RSNQDR NUDQ@KK CDRHFM  @MC RGNTKC
             L@HMS@HM QDKDU@MBD SN SGD A@K@MBD NE SGD RSNQDR CDO@QSLDMSR @MC CDRSHM@SHNM @QD@R   #DUDKNOHMF  CDRHFMHMF @MC ETQMHRGHMF
             RSNQD CDO@QSLDMSR NQ @QD@R HM HRNK@SHNM  VHSGNTS S@JHMF HM SGD DMSHQD RSNQD HL@FD @MC CDRHFM  L@X BQD@SD RODBS@BTK@Q
             CDO@QSLDMS@K CDRHFMR VGDM UHDVDC HMCHUHCT@KKX  ATS BNTKC RDDL Q@MCNL @MC NTS NE OK@BD @F@HMRS SGD A@K@MBD NE XNTQ
             RSNQD  BNLOKDSDKX QTHMHMF SGD @OOD@K NE VG@S VNTKC NSGDQVHRD G@UD ADDM @ SQHTLOG    2/ 1 RSNQD CDRHFMDQR G@UD SGD
             DWODQHDMBD @MC JMNVKDCFD SN DMRTQD SG@S @ RSNQD G@R @ K@XNTS  CDRHFM  @MC HMSDQHNQ KNNJ @MC EDDK VGHBG HR BNLOKHLDMS@QX SN
             SGD NUDQ@KK RSNQD  @MC CNDRMeS G@UD @QD@R VGHBG BNTKC AD HMSDQOQDSDC @R ADHMF NTS NE OK@BD NQ BNMETRHMF SN SGD BTRSNLDQ
             2/ 1 RSNQD CDRHFMDQR VHKK CQ@V EQNL RDUDQ@K ETQMHSTQD @MC jSSHMF CDRHFMR  VGHBG @QD @U@HK@AKD SGQNTFG 2/ 1 @OOQNUDC
             RTOOKHDQR  SN LNCDK @MC CDRHFM @ RSNQD VGHBG G@R QDKDU@MS L@QJDS @OOD@K  @R VDKK @R CDRHFM KNMFDUHSX @MC NODQ@SHNM@K
             OQ@BSHB@KHSX  XNT HM RDKDBSHMF RSNQD @OOQNOQH@SD jSSHMFR @MC ETQMHSTQD VGHBG VHKK AD QNATRS @MC UHRT@KKX @SSQ@BSHUD  VGHKD
             NEEDQHMF @ E@UNTQ@AKD OK@SENQL SN OQNLNSD OQNCTBS NM  3GHR VHKK GDKO QDCTBD SGD MDDC ENQ XNT SN QDOK@BD DPTHOLDMS
             OQDL@STQDKX CTD SN VD@Q @MC SD@Q  NQ E@RGHNM@AHKHSX


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