'
18-?.
PACnPEIEIEHI,|E
SATPAT
B0.q0X03nnCTBEHH0r0 K0MnnEKCA
MEX.qY
ETO Y'{ACTHHKIAMH
Bce
BoAonorpe6nrenu
H
BoAonoJrb3oBareJrIi,
noryqaroturie aQ$err
or
KorunJreKca,
AoJriKHbr
n
ror?
uau
usoft l\{epe KoMneHcHpoBarb
sarparbr
KoMrr.rreKCuoro
r}tApo\'3JIa.
Kax
npanI.{JIo, B KoM-
n,rreKc
He
AoJrlKHbr
BKJrroqarbcff Te
orpac.[u, no'rpe6HocrH
Koropurx 6o,qee
gKoHol\{uqHo
yAoBJrerBo-
pflrorcfl BHe
KoMnJreKca.
BosnaoxHbr
ABa
noAXoAa r{
pacnpeAeJIeHH}o
3arpar
Kor\{nJIeKca:
l)
KoMn./reKcHlrfi
ru4poy3eJr
$uuaHcrtpyer
H
crponT
I\{r.rHlJcrepcrBo
r.rraBIIoro yqacrllul{a I{oM-
n"'reKca
u
npH
aKcnryararrLrrr
fntrpo!3",'ra
o6ecne.ruBaer 3a coorBercrBylor[yrc
nJrary
AJrs
Bcex
ocraJlb-
Hblx
yqacTrrHKoB
I{OMn,rreKCa
COf"rracoBaHHbre
ypoBIiH H pac}rollbl
IloAbl;
2)
Kax(Aoe
N,rr.IFrHcrepcrBo,
yqacrByloulee
B
KoMIL'IeKce,
npt.tHuMae'r
tta
ce6r
qacrb
I{anuraJlo-
eroxeHari
14 e){eroAHbrx
H3llep>Ker{ Korrn,IIeKcItoro
rHApo)i3JIa, coorBercrBytou{\rrc
noryqaeMoMy
HM eS$exry.
Bo
BTopoM cJryqae
Io,Tir{Ho
npoH3BoAHTbcrI
pacnpeAe,teHlie
KantiraJloerox{eHHll
u
elKefoAHbrx
H3AepxeK,
T. e.3arpar
Bo.loxo3flficrnensoro
l(oNlnJlexca
(BXI()
nrex<Ay
ero
yqacrHll-
KAM
I{.
Hau6o.nee
npocrbrM
oKa3btBaercfl ueroA
pacnpeIeJIeIIHff
3arpar Kotvln,'teKCHoro
f
IiApoy3,'Ia
npo[oprrHoHaJrbHo
HcrroJrb3yeMoruy
o6relry BoAbr. OAuaxo
3Tor I\,{eroA IIpHx{eH[{1\,r
JIHIU_I'
B
peAKI'tx
cflyr{arx,
KorAa,
Hanpr.rMep, fuApoy3e/r
crpollTcn
AJIfl
opouleHHfl
H
BonocHa6xeuHq.
Ecnu B Kol\4-
nJIeKc
BxoAr.rr
ruApogrrepferuKa,
To
yr(a3anHrtfi
MeroA
He luo;Ker 6urr
ilpHI\{eHeH, TaK KaI(
N{oulHocrb
u'
nrrpa6orKa
gJrer(Tpo3Heprura
f3C
3aBHcl.rr
He roJIbKo or
pzrcxora
BoAEI,
I{o
H
or
Hanopa.
Boaee
trrHpoKyro
o6nacrn
nprrrreHeHliq
Hr\{elor MeroIbI
pacnpeAe,,'IeHHq
sarpar
eo4oxosati-
cTBeHHOTO
KOMITJTeKCa
COOTBeTCTBeHHO
3riOHOMHqeCKOMli
eQ$eXry,
no.[yqaeN4or,Iy
efo
yqacTHHKaMH.
B
no4oxogqficrseHHsrii
Kor\{nJreric
Bxof
rtr
rHApoy3e,,r
H
conyrcrBy}oqIIe
coopyx{ellHfl,
Hanpt4r,rep
JrHHHfr,
gneKTponepeAaqH
or f3C
Ao
nprrei\ruotl
no4craHIIHH,
I\'IarucTpantuttft
HppHralll4ouHltft KaiIaJl
H.T.
n.
B
ru4poy3,'re
BbiAe"rrsror
o6u1ue
(nrorlrua,
BoAoxpar{HJrHure
u
r. n.)
tt orpacJleBble
coopyx<e-
HHq
(s4aHue
fOC, cyAoxoAHurrt
rii,trros
II T.
n.). Ey4eu
npul{eHtlTb
HHAeKcbI
AJlfl
Ko},:nJIeKCa
-
K, ruApoy3Jra
-
r, conyrcrByrotrruX
coopviKeHwit-
c. floxcuurarlHbre
c
)'qeroxr
cpaxropa
tspeMeIIt't,
T. e. npHBeAeHHbre
K
oAHorvry
roAy Kanr.rraJroBJrox(eHl4rr
K,
e>xeroAHbre
Ll3AepxiKtt
I,l
u
pacl{ernbre
sarparrr
3
6ylerrr
orMeqarb
qeproi'{
cBepxy.
llpu arux
o(5o3F{arreHHtx
Anr
BoAoxosfli'rcrneunoro
KOMn,'IeKCa
IIO,IIyr{HM
IIpI'IBeAerlHble
KaIl]TaJIOBJIO]KerIHtI:
K,,:,<r+X1f.'
nPIrBeAeHHble
ex{efoAHr,le
Ll3AepxiKl{:
H
npr.rBeAeHHbre
pacqeTHble
3arparbl:
3x:En,(n*H*,
Twi:
Hci
*
Hor
t *
poK-oA
t,
a:oTHOclIMbIe
H3Aepx(KlI ruApoy3ila
T'l*:l,trIDnrt
( I
B-6)
(
1B-7)
(
I
8-B)
(18'9)
(r8-
l0
)
rfie
:
E;
-
HopMarasFbrft
xoe$$uuueHT
cpaBHHTeJrbItofi e$rfexrHBHocrH.
,sKoHorutrqecxuri
eQ$exr BoAoxo3flficreeriHoro
KoMUIexca
(BXI()
saeucaT or
KanI:traJIoBJroN;e-
Ht't fi
e
rt{Apoy3eJr
rr
B corlyrcrByrourue
coopy>KeHltfl. lloerolay
pacflpeAeJreHurc
noA/re]Kar
noJrllbre
sarparr,i
BXK
3*,
T. e. noJrnbre Kaflvra.roB.Ilox{eHldfl
Kt<
fr
[oJrHbre e]KeroAHbre I{gAepxKI4 KoIII-
nJteKca
Err.
ParnpeAeJreur{e sarpar BXK
N4ox{Ho
npoHs_BoLHTb
no
ycJroBrrro
obecneqeHlls oAHHaKo-
nofi exoHor\{r4r{Hocr14
AJII
Bcex
yqacrHur(oB KoMIIJIeKca. Cor.nacHo
ororvry
}'cJroBuro
npHHI4ruarcT
oAI4-
HaKoBbrfi
AJrrr
Bcex
yqacrHr4KoB
KoMnJIeKca:
l)
xoeSQuquerlT
peHTa6e,uruocrH
3w
KaIIHTaJroBJrolKe-:
uufr unu
2)
r<oaQQHuueHr
cpaBHureJrbHori
eQ$exruBHocru
E* xanura.roe.rioxeHnfi,
Hnu
3)
xoe$-
QuuaeHr
cHl4x(eHr{fl
c[K
pacqerHbtx
3arpar,
orHocuMbtx
Ha
AaHHofo
yqacrHnKa,
no
cpaBI{eHHFo
c efo
3aMeHseMbrM
BapHaHToM.
I4uercrcs
H
Apyrue
npeAJloxeHafl, HanpHMep
oAHHaKoBufi
xos$Qrz[HeHT
yBerHqeHVfl.
KatrTaJroBJrox{esufi
no
cpaBHeHHIo c 3aMeHfler\IbrM BapHaHToi\r
pi
r.
rr.
Vcnoepre
oAHHaKoBor?
exosoMHqHocrH
il,tox<er
pacnpocrpaHflTbcfl
na
eSQexrHBHbrx
yqacrHHr{oB
KoMnJreKca,
xorfl
Ha
rIpaKTuKe
oHo
qacro
npllMeHflercq
6es
KaKHX-JIH6o orpaua'{eFlnft.
Ha
KalKAoro
yqacrHr.rKa
i
ua^o
orHecrll aKoHoMI,IqecKHI
o6ocHoBaHHyrc
qacrb
KanHTaJioB.rrox{e-
HUtt
Kwt
U
qacTb
ex(eroAHbrx
r-r3Aepx(ex Hxi
KoMIIJIeKca.
X;,ts,
oflpeAeJreHufl
AByx
HeH3BecTHlrx .Kx;
ra
Hxr
B
Aorrod'rHeHHe
K
ocHoBHoMy
ycJIoBHIO
paBHOfi
3XOHC)I!IHqHOCTH HaAO
HMerb BTOpOe
yCJrOBHe.
B xaqecrBe
BToporo
ycaoBnrr
npl{HllMaercfl:
l) pacnpeAeJleHue
e}KeroAHbrx
rr3Aepx{eK no
orpacae-
aonry
Ha3HaqeHHlo
HJILI
2)
oguuaxosltft
AJIfl
Bcex
yqacTHIzXon
xoeQQHttfieHT
cHHxieHHfl
e]KerOAHblX
us4€pxex no
cpaBHeHHIo
c SaMeHflelvlbllu
BaplIaHToM H
T"
A.
D,ns.
ssauMopacqeroB
npH aKcnJryaraL..:*rLt
6o.tee
yAo6uuu
ctlI4Taercs
pacnpereJreHHe
e)KeroAHbrx
H3AepX(eK tio
orpacJreBoMy rra3Har{eHurc.
3ro
ycJIoBHe
r\rox(eT
npHMeHffTbcff B
no.nuofi Mepe
HJrr4
qacrnrlFro.
B
nepnoM
cfiyr{ae
Ha
KaxAoro
yqacrHuKa
,
orHocnTcq
rorHbre
ex{eroAHbre
HsAep>KKH
no ero
conyrcrByroqeMy
H orpac.qeBoMy
coopyxeHuflr,I
rHApoysJla u
qacrb
H3AeplKeK
no
o6u{urvr
coopyireHrrflM
rr,rApoy3Jra, npoltoptluoHaJIbHafl
orHocHMbrM
KanHTaJIoBJIo]KeHHflM.
Oruocutuue
e)KeroAHHe
H3Aepx(KH
KOMnJTeKCa
336
i
TIri:
klo,
r
*
poRoa
r,