╨Ч╨░╨┐╨╕╤Б╤М ╨▓ ╨╢╤Г╤А╨╜╨░╨╗╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓

╨С╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╡ ╨┐╤А╨╛╨▓╨╛╨┤╨║╨╕ ╨┤╨╗╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓

╨Я╤А╨╡╨┤╨┐╨╛╨╗╨╛╨╢╨╕╨╝, ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨┐╨╡╤А╨╡╨┐╨╗╨░╤В╨╕╨╗╨░ ╤Б╨▓╨╛╨╣ ╨╜╨░╨╗╨╛╨│ ╨╕╨╗╨╕ ╤Г╨┐╨╗╨░╤В╨╕╨╗╨░ ╨░╨▓╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨╜╨░╨╗╨╛╨│ ╨╖╨░ ╨┤╨░╨╜╨╜╤Л╨╣ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨┐╨╡╤А╨╕╨╛╨┤. ╨Т ╤Н╤В╨╛╨╝ ╤Б╨╗╤Г╤З╨░╨╡ ╨┐╤А╨╡╨▓╤Л╤И╨╡╨╜╨╕╨╡ ╤Г╨┐╨╗╨░╤З╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨░ ╨╜╨░╨╖╤Л╨▓╨░╨╡╤В╤Б╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╝ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╝ ╨░╨║╤В╨╕╨▓╨╛╨╝. ╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓. ╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ тАФ ╤Н╤В╨╛ ╨░╨║╤В╨╕╨▓ ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨║╨╛╤В╨╛╤А╤Л╨╣ ╨╛╨▒╤Л╤З╨╜╨╛ ╨▓╨╛╨╖╨╜╨╕╨║╨░╨╡╤В, ╨║╨╛╨│╨┤╨░ ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╤П ╨╗╨╕╨▒╨╛ ╨┐╨╡╤А╨╡╨┐╨╗╨░╤В╨╕╨╗╨░ ╨╜╨░╨╗╨╛╨│╨╕, ╨╗╨╕╨▒╨╛ ╤Г╨┐╨╗╨░╤В╨╕╨╗╨░ ╨░╨▓╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨╜╨░╨╗╨╛╨│. ╨в╨░╨║╨╕╨╡ ╨╜╨░╨╗╨╛╨│╨╕ ╨╛╤В╤А╨░╨╢╨░╤О╤В╤Б╤П ╨▓ ╨▒╨░╨╗╨░╨╜╤Б╨╡ ╨║╨░╨║ ╨░╨║╤В╨╕╨▓ ╨╕ ╨▓ ╨║╨╛╨╜╨╡╤З╨╜╨╛╨╝ ╨╕╤В╨╛╨│╨╡ ╨▓╨╛╨╖╨▓╤А╨░╤Й╨░╤О╤В╤Б╤П ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╕╨╗╨╕ ╨▓╤Л╤З╨╕╤В╨░╤О╤В╤Б╤П ╨╕╨╖ ╨▒╤Г╨┤╤Г╤Й╨╕╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓. ╨з╨╕╤В╨░╤В╤М ╨┤╨░╨╗╨╡╨╡, ╨░ ╨┐╤А╨╛╨▓╨╛╨┤╨║╨░ ╨▓ ╨╢╤Г╤А╨╜╨░╨╗╨╡ ╤Б╨╛╨╖╨┤╨░╨╡╤В╤Б╤П ╨┐╤А╨╕ ╨╜╨░╨╗╨╕╤З╨╕╨╕ ╤А╨░╨╖╨╜╨╕╤Ж╤Л ╨╝╨╡╨╢╨┤╤Г ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨░╨│╨░╨╡╨╝╤Л╨╝ ╨┤╨╛╤Е╨╛╨┤╨╛╨╝ ╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨┤╨╛╤Е╨╛╨┤╨╛╨╝.

╨Т╨╛╨╖╨╝╨╛╨╢╨╜╤Л ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╨╡ ╤Б╤Ж╨╡╨╜╨░╤А╨╕╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨│╨╛ ╨░╨║╤В╨╕╨▓╨░:

1. ╨Х╤Б╨╗╨╕ ╨▒╨░╨╗╨░╨╜╤Б╨╛╨▓╨░╤П ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨╝╨╡╨╜╤М╤И╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨░╨│╨░╨╡╨╝╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕. ╨Ч╨░╤В╨╡╨╝ ╤Б╨╛╨╖╨┤╨░╤О╤В╤Б╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨░╨║╤В╨╕╨▓╤Л.
2. ╨Х╤Б╨╗╨╕, ╤Б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨║╨╜╨╕╨│╨░╨╝, ╨╜╨░ ╤Б╤З╨╡╤В╨░╤Е ╨╡╤Б╤В╤М ╤Г╨▒╤Л╤В╨╛╨║, ╨╜╨╛ ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨┐╤А╨░╨▓╨╕╨╗╨░╨╝╨╕ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П ╨┐╤А╨╕╨▒╤Л╨╗╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨┐╨╛╨║╨░╨╖╤Л╨▓╨░╨╡╤В ╨┐╤А╨╕╨▒╤Л╨╗╤М, ╤В╨╛ ╨╜╨░╨╗╨╛╨│ ╨┤╨╛╨╗╨╢╨╡╨╜ ╨▒╤Л╤В╤М ╤Г╨┐╨╗╨░╤З╨╡╨╜ ╨╕ ╨▒╤Г╨┤╨╡╤В ╨╛╤В╨╜╨╛╤Б╨╕╤В╤М╤Б╤П ╨║ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╝ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╝ ╨░╨║╤В╨╕╨▓╨░╨╝, ╨║╨╛╤В╨╛╤А╤Л╨╡ ╨╝╨╛╨╢╨╜╨╛ ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М ╨┤╨╗╤П ╤Г╨┐╨╗╨░╤В╤Л ╨╜╨░╨╗╨╛╨│╨░ ╨▓ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝ ╨│╨╛╨┤╤Г.

╨Ю╨│╨╗╨░╨▓╨╗╨╡╨╜╨╕╨╡

• ╨С╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╡ ╨┐╤А╨╛╨▓╨╛╨┤╨║╨╕ ╨┤╨╗╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓
  • ╨Я╤А╨╕╨╝╨╡╤А╤Л ╨╖╨░╨┐╨╕╤Б╨╡╨╣ ╨╢╤Г╤А╨╜╨░╨╗╨░ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓
  • ╨Ю╤В╤З╨╡╤В ╨╛╨▒ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╝ ╨┐╨╛╨┤╨╛╤Е╨╛╨┤╨╜╨╛╨╝ ╨╜╨░╨╗╨╛╨│╨╡ ╨Ь╨░╨╣╨║╤А╨╛╤Б╨╛╤Д╤В
  • ╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ Amazon
  • ╨Я╤А╨╡╨╕╨╝╤Г╤Й╨╡╤Б╤В╨▓╨░
  • ╨Э╨╡╨┤╨╛╤Б╤В╨░╤В╨║╨╕
  • ╨Ч╨░╨║╨╗╤О╤З╨╡╨╜╨╕╨╡
  • ╨а╨╡╨║╨╛╨╝╨╡╨╜╨┤╤Г╨╡╨╝╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕

╨Я╤А╨╕╨╝╨╡╤А╤Л ╨╖╨░╨┐╨╕╤Б╨╡╨╣ ╨╢╤Г╤А╨╜╨░╨╗╨░ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓

╨Я╤А╨╡╨┤╨┐╨╛╨╗╨╛╨╢╨╕╨╝, ╨▓╨░╤И╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨║╤Г╨┐╨╕╨╗╨░ ╨░╨║╤В╨╕╨▓ ╨╖╨░ 30 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р, ╨║╨╛╤В╨╛╤А╤Л╨╣ ╨╝╨╛╨╢╨╡╤В ╨░╨╝╨╛╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╤В╤М╤Б╤П ╨▓ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨╝ ╤Г╤З╨╡╤В╨╡ ╨╗╨╕╨╜╨╡╨╣╨╜╤Л╨╝ ╤Б╨┐╨╛╤Б╨╛╨▒╨╛╨╝ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ 3 ╨╗╨╡╤В ╨▒╨╡╨╖ ╨╗╨╕╨║╨▓╨╕╨┤╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨╣ ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╨╕. ╨Э╨░╨┐╤А╨╕╨╝╨╡╤А, ╨╡╤Б╨╗╨╕ ╨╛╨▒╨╛╤А╤Г╨┤╨╛╨▓╨░╨╜╨╕╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╕╨╝╨╡╨╡╤В ╤Б╤А╨╛╨║ ╤Б╨╗╤Г╨╢╨▒╤Л 5 ╨╗╨╡╤В ╨╕ ╨┐╨╛ ╨╕╤Б╤В╨╡╤З╨╡╨╜╨╕╨╕ ╤Н╤В╨╛╨│╨╛ ╤Б╤А╨╛╨║╨░ ╨╛╤Ж╨╡╨╜╨╕╨▓╨░╨╡╤В╤Б╤П ╨▓╤Б╨╡╨│╨╛ ╨▓ 5000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓, ╨╗╨╕╨║╨▓╨╕╨┤╨░╤Ж╨╕╨╛╨╜╨╜╨░╤П ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╤М ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В 5000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ╨Э╨╛ ╨╕╨╖-╨╖╨░ ╨╜╨╡╨║╨╛╤В╨╛╤А╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨┐╤А╨░╨▓╨╕╨╗ ╤Н╤В╨╛╤В ╨░╨║╤В╨╕╨▓ ╨╝╨╛╨╢╨╡╤В ╨▒╤Л╤В╤М ╨┐╨╛╨╗╨╜╨╛╤Б╤В╤М╤О ╨░╨╝╨╛╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╨╜ ╨▓ ╨┐╨╡╤А╨▓╤Л╨╣ ╨│╨╛╨┤ ╨┤╨╗╤П ╤Ж╨╡╨╗╨╡╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П. ╨Ш╤В╨░╨║, ╨┤╨╛╨┐╤Г╤Б╤В╨╕╨╝, ╤Б╤В╨░╨▓╨║╨░ ╨╜╨░╨╗╨╛╨│╨░ ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В 30%, ╨░ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╤Е ╤В╤А╨╡╤Е ╨╗╨╡╤В EBITDA ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В 50 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р ╨▓ ╨│╨╛╨┤.

╨Т 1 ╨│╨╛╨┤╤Г:

• EBITDAEBITDAEBITDA ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨┤╨╛╤Е╨╛╨┤╨░╨╝ ╨▒╨╕╨╖╨╜╨╡╤Б╨░ ╨┤╨╛ ╨▓╤Л╤З╨╡╤В╨░ ╨┐╤А╨╛╤Ж╨╡╨╜╤В╨╜╤Л╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨╜╨░ ╨╕╨╖╨╜╨╛╤Б ╨╕ ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤О ╨╕ ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╨╡╤В╤Б╤П ╨┤╨╗╤П ╨┐╤А╨╛╤Б╨╝╨╛╤В╤А╨░ ╤Д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨╕╤Е ╨┤╨╛╤Е╨╛╨┤╨╛╨▓ ╨▒╨╕╨╖╨╜╨╡╤Б╨░ ╨╕ ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╨╛╨▓ ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕, ╨╛╤Б╨╜╨╛╨▓╨░╨╜╨╜╤Л╤Е ╤В╨╛╨╗╤М╨║╨╛ ╨╜╨░ ╨╛╤Б╨╜╨╛╨▓╨╜╤Л╤Е ╨╛╨┐╨╡╤А╨░╤Ж╨╕╤П╤Е ╨▒╨╕╨╖╨╜╨╡╤Б╨░, ╨░ ╤В╨░╨║╨╢╨╡ ╨┤╨╗╤П ╤Б╤А╨░╨▓╨╜╨╡╨╜╨╕╤П ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╨╛╨▓ ╨▒╨╕╨╖╨╜╨╡╤Б╨░. ╤Б ╨║╨╛╨╜╨║╤Г╤А╨╡╨╜╤В╨░╨╝╨╕.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ = 50 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓
• ╨Р╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П ╤Б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨║╨╜╨╕╨│╨░╨╝ = 30 000/3 = 10 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.
• ╨Я╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П╨Я╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П╨Я╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П (PBT) тАФ ╤Н╤В╨╛ ╤Б╤В╤А╨╛╨║╨░ ╨▓ ╨╛╤В╤З╨╡╤В╨╡ ╨╛ ╨┐╤А╨╕╨▒╤Л╨╗╤П╤Е ╨╕ ╤Г╨▒╤Л╤В╨║╨░╤Е ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨║╨╛╤В╨╛╤А╨░╤П ╨╕╨╖╨╝╨╡╤А╤П╨╡╤В ╨┐╤А╨╕╨▒╤Л╨╗╤М, ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨╜╤Г╤О ╨┐╨╛╤Б╨╗╨╡ ╤Г╤З╨╡╤В╨░ ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╛╨╜╨╜╤Л╤Е ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓, ╤В╨░╨║╨╕╤Е ╨║╨░╨║ ╤Б╨╡╨▒╨╡╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╤М, ╨╛╨▒╤Й╨╕╨╡ ╨╕ ╨░╨┤╨╝╨╕╨╜╨╕╤Б╤В╤А╨░╤В╨╕╨▓╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л, ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П ╨╕ ╨▓╨╜╨╡╤А╨╡╨░╨╗╨╕╨╖╨░╤Ж╨╕╨╛╨╜╨╜╤Л╨╡ ╤А╨░╤Б╤Е╨╛╨┤╤Л. ╨н╤В╨╛ ╨┤╨░╨╡╤В ╨╛╨▒╤Й╤Г╤О ╨┐╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╤М ╨╕ ╨┐╤А╨╛╨╕╨╖╨▓╨╛╨┤╨╕╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╤М ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┤╨╛ ╤Г╨┐╨╗╨░╤В╤Л ╨║╨╛╤А╨┐╨╛╤А╨░╤В╨╕╨▓╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╤Б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨║╨╜╨╕╨│╨░╨╝ = 50000-10000 = 40 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.
• ╨Э╨░╨╗╨╛╨│ ╨┐╨╛ ╨║╨╜╨╕╨│╨░╨╝ = 40000 * 30% = 12000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Э╨╛ ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨┐╤А╨░╨▓╨╕╨╗╨╛╨╝ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П ╤Н╤В╨╛╤В ╨░╨║╤В╨╕╨▓ ╨╝╨╛╨╢╨╡╤В ╨▒╤Л╤В╤М ╨┐╨╛╨╗╨╜╨╛╤Б╤В╤М╤О ╨░╨╝╨╛╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╨╜. ╨н╤В╨╛ ╨╛╨╖╨╜╨░╤З╨░╨╡╤В, ╤З╤В╨╛ ╨▓╤Б╤П ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П ╨▒╤Л╨╗╨░ ╨╛╤В╤А╨░╨╢╨╡╨╜╨░ ╨▓ ╤Б╤З╨╡╤В╨╡ ╨╜╨░╨║╨╛╨┐╨╗╨╡╨╜╨╜╨╛╨╣ ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╨╕. ╨н╤В╨╕ ╨░╨║╤В╨╕╨▓╤Л ╨┐╤А╨╛╨┤╨╛╨╗╨╢╨░╤О╤В ╨╛╤Б╤В╨░╨▓╨░╤В╤М╤Б╤П ╤З╨░╤Б╤В╤М╤О ╨▒╨░╨╗╨░╨╜╤Б╨░, ╨╡╤Б╨╗╨╕ ╤В╨╛╨╗╤М╨║╨╛ ╨╛╨╜╨╕ ╨╜╨╡ ╨▒╤Г╨┤╤Г╤В ╨┐╤А╨╛╨┤╨░╨╜╤Л ╨╕╨╗╨╕ ╤Г╨╜╨╕╤З╤В╨╛╨╢╨╡╨╜╤Л. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╨▓ ╨┐╨╡╤А╨▓╤Л╨╡ ╨│╨╛╨┤╤Л.

• ╨Ш╤В╨░╨║, ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╝╨╕ ╨┐╤А╨░╨▓╨╕╨╗╨░╨╝╨╕ ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П = 50000-30000 = 20 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.
• ╨д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨╕ ╤Г╨┐╨╗╨░╤З╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│ = 20 000 * 30% = 6 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Ш╨╖-╨╖╨░ ╨┐╤А╨░╨▓╨╕╨╗ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П ╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░╨Я╤А╨░╨▓╨╕╨╗╨░ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░╨Я╤А╨░╨▓╨╕╨╗╨░ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░ ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╤П╤О╤В ╤Б╨╛╨▒╨╛╨╣ ╤А╨╡╨║╨╛╨╝╨╡╨╜╨┤╨░╤Ж╨╕╨╕, ╨║╨╛╤В╨╛╤А╤Л╨╝ ╨╜╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╨╛ ╤Б╨╗╨╡╨┤╨╛╨▓╨░╤В╤М ╨┐╤А╨╕ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨╡╨╢╨╡╨┤╨╜╨╡╨▓╨╜╤Л╤Е ╤В╤А╨░╨╜╨╖╨░╨║╤Ж╨╕╨╣ ╨▓ ╨║╨╜╨╕╨│╨╡ ╤О╤А╨╕╨┤╨╕╤З╨╡╤Б╨║╨╕╤Е ╨╗╨╕╤Ж ╤Б ╨┐╨╛╨╝╨╛╤Й╤М╤О ╤Б╨╕╤Б╤В╨╡╨╝╤Л ╨┤╨▓╨╛╨╣╨╜╨╛╨╣ ╨╖╨░╨┐╨╕╤Б╨╕. ╨Ч╨┤╨╡╤Б╤М ╨║╨░╨╢╨┤╨░╤П ╤В╤А╨░╨╜╨╖╨░╨║╤Ж╨╕╤П ╨┤╨╛╨╗╨╢╨╜╨░ ╨╕╨╝╨╡╤В╤М ╨║╨░╨║ ╨╝╨╕╨╜╨╕╨╝╤Г╨╝ 2 ╤Б╤З╨╡╤В╨░ (╨╛╨┤╨╕╨╜╨░╨║╨╛╨▓╨░╤П ╤Б╤Г╨╝╨╝╨░), ╨╛╨┤╨╕╨╜ ╨╕╨╖ ╨║╨╛╤В╨╛╤А╤Л╤Е ╨┤╨╡╨▒╨╡╤В╤Г╨╡╤В╤Б╤П, ╨░ ╨┤╤А╤Г╨│╨╛╨╣ ╨║╤А╨╡╨┤╨╕╤В╤Г╨╡╤В╤Б╤П. ╨┐╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╨▓ ╨┐╨╡╤А╨▓╤Л╨╣ ╨│╨╛╨┤ ╨▓╨░╤И╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨┐╨╛╨║╨░╨╖╨░╨╗╨░ ╨▒╨╛╨╗╤М╤И╨╡ ╨╜╨░╨╗╨╛╨│╨░, ╨╜╨╛ ╨╖╨░╨┐╨╗╨░╤В╨╕╨╗╨░ ╨╝╨╡╨╜╤М╤И╨╕╨╣ ╨╜╨░╨╗╨╛╨│, ╤З╤В╨╛ ╨╛╨╖╨╜╨░╤З╨░╨╡╤В, ╤З╤В╨╛ ╨╛╨╜╨░ ╤Б╨╛╨╖╨┤╨░╨╗╨░ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ ╨▓ ╤Б╨▓╨╛╨╡╨╣ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨╣ ╨║╨╜╨╕╨│╨╡ ╨╖╨░ ╨│╨╛╨┤ 1

• ╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ ╨▓╨╛╨╖╨╜╨╕╨║╨░╨╡╤В ╤Г ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨▓ ╤Б╨▓╤П╨╖╨╕ ╤Б ╨▓╤А╨╡╨╝╨╡╨╜╨╜╨╛╨╣ ╤А╨░╨╖╨╜╨╕╤Ж╨╡╨╣ ╨╝╨╡╨╢╨┤╤Г ╨╜╨░╤З╨╕╤Б╨╗╨╡╨╜╨╕╨╡╨╝ ╨╜╨░╨╗╨╛╨│╨░ ╨╕ ╨┤╨░╤В╨╛╨╣, ╨║╨╛╨│╨┤╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╤Г╨┐╨╗╨░╤З╨╕╨▓╨░╨╡╤В ╨╜╨░╨╗╨╛╨│ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╝ ╨╛╤А╨│╨░╨╜╨░╨╝. ╨н╤В╨╛ ╤Б╨▓╤П╨╖╨░╨╜╨╛ ╤Б ╤В╨╡╨╝, ╤З╤В╨╛ ╨╜╨░╨╗╨╛╨│╨╕ ╨┐╨╛╨┤╨╗╨╡╨╢╨░╤В ╤Г╨┐╨╗╨░╤В╨╡ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╨╛╨┤╨╜╨╛╨│╨╛ ╨╛╤В╤З╨╡╤В╨╜╨╛╨│╨╛ ╨┐╨╡╤А╨╕╨╛╨┤╨░, ╨╜╨╛ ╨╜╨╡ ╤Г╨┐╨╗╨░╤З╨╕╨▓╨░╤О╤В╤Б╤П ╨▓ ╤Н╤В╨╛╤В ╨┐╨╡╤А╨╕╨╛╨┤. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╨▓ ╨│╨╛╨┤╤Г 1 = 12000-6000 = 6000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨б╨╗╨╡╨┤╤Г╤О╤Й╨░╤П ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨░╤П ╨╖╨░╨┐╨╕╤Б╤М ╨┤╨╛╨╗╨╢╨╜╨░ ╨▒╤Л╤В╤М ╤Б╨┤╨╡╨╗╨░╨╜╨░ ╨▓ 1-╨╝ ╨│╨╛╨┤╤Г ╨┤╨╗╤П ╨┐╤А╨╕╨╖╨╜╨░╨╜╨╕╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨░. ╨╜╨░╨╗╨╛╨│ ╨╜╨░╤З╨╕╤Б╨╗╨╡╨╜. ╨Я╤А╨╛╤Й╨╡ ╨│╨╛╨▓╨╛╤А╤П, ╤Н╤В╨╛ ╤А╨░╨╖╨╜╨╕╤Ж╨░ ╨▓ ╨╜╨░╨╗╨╛╨│╨░╤Е, ╨║╨╛╤В╨╛╤А╨░╤П ╨▓╨╛╨╖╨╜╨╕╨║╨░╨╡╤В, ╨║╨╛╨│╨┤╨░ ╨╜╨░╨╗╨╛╨│╨╕, ╨┐╤А╨╕╤З╨╕╤В╨░╤О╤Й╨╕╨╡╤Б╤П ╨▓ ╨╛╨┤╨╜╨╛╨╝ ╨╕╨╖ ╨╛╤В╤З╨╡╤В╨╜╤Л╤Е ╨┐╨╡╤А╨╕╨╛╨┤╨╛╨▓, ╨╗╨╕╨▒╨╛ ╨╜╨╡ ╤Г╨┐╨╗╨░╤З╨╡╨╜╤Л, ╨╗╨╕╨▒╨╛ ╨┐╨╡╤А╨╡╨┐╨╗╨░╤З╨╡╨╜╤Л. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡:

• ╨Э╨░╨╗╨╛╨│ ╨┐╨╛ ╨║╨╜╨╕╨│╨░╨╝ ╨┤╨╛╨╗╨╢╨╡╨╜ ╨▒╤Л╤В╤М ╤В╨░╨║╨╕╨╝ ╨╢╨╡ = 12 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Э╨╛ ╨╜╨░ ╤Б╨░╨╝╨╛╨╝ ╨┤╨╡╨╗╨╡ ╨▓╤Л ╨░╨╝╨╛╤А╤В╨╕╨╖╨╕╤А╨╛╨▓╨░╨╗╨╕ ╨▓╨╡╤Б╤М ╨░╨║╤В╨╕╨▓ ╨▓ ╨┐╨╡╤А╨▓╤Л╨╣ ╨│╨╛╨┤, ╤В╨╛ ╨╡╤Б╤В╤М ╨▓╨╛ ╨▓╤В╨╛╤А╨╛╨╣ ╨│╨╛╨┤.

• ╨д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨╕ ╤Г╨┐╨╗╨░╤З╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│ = 50 000 * 30% = 15 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Ъ╨░╨║ ╨╝╤Л ╨▓╨╕╨┤╨╕╨╝, ╨▓╨╛ ╨▓╤В╨╛╤А╨╛╨╝ ╨│╨╛╨┤╤Г ╤Д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨╕ ╤Г╨┐╨╗╨░╤З╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│ ╨▒╨╛╨╗╤М╤И╨╡, ╤З╨╡╨╝ ╨╜╨░╨╗╨╛╨│, ╨┐╨╛╨┤╨╗╨╡╨╢╨░╤Й╨╕╨╣ ╤Г╨┐╨╗╨░╤В╨╡ ╨▓ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╤Е ╨║╨╜╨╕╨│╨░╤Е, ╤З╤В╨╛ ╨╛╨╖╨╜╨░╤З╨░╨╡╤В

• ╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ ╨▓ Y2 = 15 000 -12 000 = 3 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Ф╨╗╤П ╨┐╤А╨╕╨╖╨╜╨░╨╜╨╕╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨│╨╛ ╨░╨║╤В╨╕╨▓╨░ ╨▓╨╛ 2-╨╝ ╨│╨╛╨┤╤Г ╨╜╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╨╛ ╤Б╨┤╨╡╨╗╨░╤В╤М ╤Б╨╗╨╡╨┤╤Г╤О╤Й╤Г╤О ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╤Г╤О ╨┐╤А╨╛╨▓╨╛╨┤╨║╤Г:

╨в╨░╨║ ╨╢╨╡ ╨╕ ╨▓ 3-╨╝ ╨│╨╛╨┤╤Г:

• ╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ = 3000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Ф╨╗╤П ╨┐╤А╨╕╨╖╨╜╨░╨╜╨╕╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨░ ╨▓ 3-╨╝ ╨│╨╛╨┤╤Г ╨╜╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╨╛ ╤Б╨┤╨╡╨╗╨░╤В╤М ╤Б╨╗╨╡╨┤╤Г╤О╤Й╤Г╤О ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╤Г╤О ╨┐╤А╨╛╨▓╨╛╨┤╨║╤Г:

╨в╨╡╨┐╨╡╤А╤М, ╨╡╤Б╨╗╨╕ ╨▓╤Л ╨▓╨╕╨┤╨╕╤В╨╡, ╤З╤В╨╛ ╨╖╨░ ╤Н╤В╨╕ ╤В╤А╨╕ ╨│╨╛╨┤╨░ ╨╛╨▒╤Й╨╡╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ = 6000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р, ╨░ ╨╛╨▒╤Й╨╡╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ = 3000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р + 3000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р = 6000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р, ╤Б╨╗╨╡╨┤╨╛╨▓╨░╤В╨╡╨╗╤М╨╜╨╛, ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤Б╤А╨╛╨║╨░ ╨┤╨╡╨╣╤Б╤В╨▓╨╕╤П ╨░╨║╤В╨╕╨▓╨░ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ ╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ ╨░╨╜╨╜╤Г╨╗╨╕╤А╤Г╤О╤В ╨┤╤А╤Г╨│ ╨┤╤А╤Г╨│╨░.

╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╛╤Б╤В╨╕Y1Y2Y3EBITDA (a)50,00050,00050,000╨Р╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П ╤Б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨║╨╜╨╕╨│╨░╨╝ (b)10,00010,00010,000╨Я╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П ╤Б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨║╨╜╨╕╨│╨░╨╝ (ab)40,00040,00040,000╨Э╨░╨╗╨╛╨│╨╕ ╤Б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╝ ╨║╨╜╨╕╨│╨░╨╝ (30%)12 ,00012,00012,000╨Р╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╝╨╕ ╨┐╤А╨░╨▓╨╕╨╗╨░╨╝╨╕30,000тАУ╨д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨░╤П ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨┤╨╛ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П20,00050,00050,000╨д╨░╨║╤В╨╕╤З╨╡╤Б╨║╨╕ ╤Г╨┐╨╗╨░╤З╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│ (30%)6,00015,00015,000╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ (╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛)(6000)30003000

╨Ю╤В╤З╨╡╤В ╨╛╨▒ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╝ ╨┐╨╛╨┤╨╛╤Е╨╛╨┤╨╜╨╛╨╝ ╨╜╨░╨╗╨╛╨│╨╡ ╨Ь╨░╨╣╨║╤А╨╛╤Б╨╛╤Д╤В

Microsoft Corp тАФ ╨╝╨╜╨╛╨│╨╛╨╜╨░╤Ж╨╕╨╛╨╜╨░╨╗╤М╨╜╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨б╨и╨Р. ╨Ь╨╜╨╛╨│╨╛╨╜╨░╤Ж╨╕╨╛╨╜╨░╨╗╤М╨╜╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨Ь╨╜╨╛╨│╨╛╨╜╨░╤Ж╨╕╨╛╨╜╨░╨╗╤М╨╜╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П (MNC) ╨╛╨┐╤А╨╡╨┤╨╡╨╗╤П╨╡╤В╤Б╤П ╨║╨░╨║ ╨║╨╛╨╝╨╝╨╡╤А╤З╨╡╤Б╨║╨░╤П ╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╤П, ╨║╨╛╤В╨╛╤А╨░╤П ╤А╨░╨▒╨╛╤В╨░╨╡╤В ╨▓ ╤Б╤В╤А╨░╨╜╨╡ ╤Б╨▓╨╛╨╡╨│╨╛ ╨┐╤А╨╛╨╕╤Б╤Е╨╛╨╢╨┤╨╡╨╜╨╕╤П, ╨░ ╤В╨░╨║╨╢╨╡ ╨╕╨╝╨╡╨╡╤В ╤Д╨╕╨╗╨╕╨░╨╗ ╨╖╨░ ╨│╤А╨░╨╜╨╕╤Ж╨╡╨╣. ╨и╤В╨░╨▒-╨║╨▓╨░╤А╤В╨╕╤А╨░ ╨╛╨▒╤Л╤З╨╜╨╛ ╨╛╤Б╤В╨░╨╡╤В╤Б╤П ╨▓ ╨╛╨┤╨╜╨╛╨╣ ╤Б╤В╤А╨░╨╜╨╡, ╨║╨╛╨╜╤В╤А╨╛╨╗╨╕╤А╤Г╤П ╨╕ ╨║╨╛╨╛╤А╨┤╨╕╨╜╨╕╤А╤Г╤П ╨▓╤Б╨╡ ╨╝╨╡╨╢╨┤╤Г╨╜╨░╤А╨╛╨┤╨╜╤Л╨╡ ╤Д╨╕╨╗╨╕╨░╨╗╤Л. ╤З╨╕╤В╨░╤В╤М ╨┤╨░╨╗╤М╤И╨╡ ╤Б╨╛ ╤И╤В╨░╨▒-╨║╨▓╨░╤А╤В╨╕╤А╨╛╨╣ ╨▓ ╨Т╨░╤И╨╕╨╜╨│╤В╨╛╨╜╨╡. ╨Ю╨╜ ╨╖╨░╨╜╨╕╨╝╨░╨╡╤В╤Б╤П ╤А╨░╨╖╤А╨░╨▒╨╛╤В╨║╨╛╨╣, ╨┐╤А╨╛╨╕╨╖╨▓╨╛╨┤╤Б╤В╨▓╨╛╨╝ ╨╕ ╨╗╨╕╤Ж╨╡╨╜╨╖╨╕╤А╨╛╨▓╨░╨╜╨╕╨╡╨╝ ╨┐╤А╨╛╨│╤А╨░╨╝╨╝╨╜╨╛╨│╨╛ ╨╛╨▒╨╡╤Б╨┐╨╡╤З╨╡╨╜╨╕╤П, ╤В╨░╨║╨╛╨│╨╛ ╨║╨░╨║ Microsoft Office. ╨б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨│╨╛╨┤╨╛╨▓╨╛╨╝╤Г ╨╛╤В╤З╨╡╤В╤Г ╨╖╨░ 2018 ╨│╨╛╨┤, ╨╡╨│╨╛ ╨│╨╛╨┤╨╛╨▓╨╛╨╣ ╨┤╨╛╤Е╨╛╨┤ ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В 110,4 ╨╝╨╗╤А╨┤ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓.

╨Э╨╕╨╢╨╡ ╨┐╤А╨╕╨▓╨╡╨┤╨╡╨╜ ╤Б╨║╤А╨╕╨╜╤И╨╛╤В ╨╛╤В╤З╨╡╤В╨░ ╨╛╨▒ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨░╤Е ╨╕ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░╤Е. ╨Ъ╨░╨║ ╨╝╤Л ╨▓╨╕╨┤╨╕╨╝, ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ ╨▒╤Л╨╗ ╤Б╤Д╨╛╤А╨╝╨╕╤А╨╛╨▓╨░╨╜ ╨▓ ╨╛╤Б╨╜╨╛╨▓╨╜╨╛╨╝ ╨╕╨╖ ┬л╨Э╨░╤З╨╕╤Б╨╗╨╡╨╜╨╕╤П ╨┤╨╛╤Е╨╛╨┤╨╛╨▓╨Э╨░╤З╨╕╤Б╨╗╨╡╨╜╨╕╤П ╨┤╨╛╤Е╨╛╨┤╨╛╨▓╨Э╨░╤З╨╕╤Б╨╗╨╡╨╜╨╜╤Л╨╡ ╨┤╨╛╤Е╨╛╨┤╤Л тАФ ╤Н╤В╨╛ ╨┤╨╛╤Е╨╛╨┤╤Л ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨▓ ╤Е╨╛╨┤╨╡ ╨╛╨▒╤Л╤З╨╜╨╛╨╣ ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨┐╨╛╤Б╨╗╨╡ ╨┐╤А╨╛╨┤╨░╨╢╨╕ ╤В╨╛╨▓╨░╤А╨╛╨▓ ╨╕╨╗╨╕ ╨╛╨║╨░╨╖╨░╨╜╨╕╤П ╤Г╤Б╨╗╤Г╨│ ╤В╤А╨╡╤В╤М╨╡╨╣ ╤Б╤В╨╛╤А╨╛╨╜╨╡. ╨Ю╨┤╨╜╨░╨║╨╛ ╨┐╨╗╨░╤В╨╡╨╢ ╤В╨░╨║ ╨╕ ╨╜╨╡ ╨┐╨╛╤Б╤В╤Г╨┐╨╕╨╗. ╨Т╨╝╨╡╤Б╤В╨╛ ╤Н╤В╨╛╨│╨╛ ╨╛╨╜ ╨╛╤В╨╛╨▒╤А╨░╨╢╨░╨╡╤В╤Б╤П ╨║╨░╨║ ╨░╨║╤В╨╕╨▓ ╨▓ ╨▒╨░╨╗╨░╨╜╤Б╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨з╨╕╤В╨░╤В╤М ╨┤╨░╨╗╨╡╨╡┬╗ ╨╕ ┬л╨Я╨╡╤А╨╡╨╜╨╛╤Б ╨║╤А╨╡╨┤╨╕╤В╨░┬╗. ╨Ю╤Б╨╜╨╛╨▓╨╜╤Л╨╝ ╨╕╤Б╤В╨╛╤З╨╜╨╕╨║╨╛╨╝ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓ ╤П╨▓╨╗╤П╨╡╤В╤Б╤П ╨╜╨╡╨╖╨░╤А╨░╨▒╨╛╤В╨░╨╜╨╜╤Л╨╣ ╨┤╨╛╤Е╨╛╨┤ ╨Э╨╡╨╖╨░╤А╨░╨▒╨╛╤В╨░╨╜╨╜╤Л╨╣ ╨┤╨╛╤Е╨╛╨┤ ╨Э╨╡╨╖╨░╤А╨░╨▒╨╛╤В╨░╨╜╨╜╤Л╨╣ ╨┤╨╛╤Е╨╛╨┤ тАФ ╤Н╤В╨╛ ╨░╨▓╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨┐╨╗╨░╤В╨╡╨╢, ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨╜╤Л╨╣ ╤Д╨╕╤А╨╝╨╛╨╣ ╨╖╨░ ╤В╨╛╨▓╨░╤А╤Л ╨╕╨╗╨╕ ╤Г╤Б╨╗╤Г╨│╨╕, ╨║╨╛╤В╨╛╤А╤Л╨╡ ╨╡╤Й╨╡ ╨╜╨╡ ╨▒╤Л╨╗╨╕ ╨┤╨╛╤Б╤В╨░╨▓╨╗╨╡╨╜╤Л. ╨Ф╤А╤Г╨│╨╕╨╝╨╕ ╤Б╨╗╨╛╨▓╨░╨╝╨╕, ╨╛╨╜ ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╤П╨╡╤В ╤Б╨╛╨▒╨╛╨╣ ╤Б╤Г╨╝╨╝╤Г, ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨╜╤Г╤О ╨╖╨░ ╨┐╨╛╤Б╤В╨░╨▓╨║╤Г ╤В╨╛╨▓╨░╤А╨░, ╨║╨╛╤В╨╛╤А╨░╤П ╤Б╨╛╤Б╤В╨╛╨╕╤В╤Б╤П ╨▓ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ╨б 2017 ╨┐╨╛ 2018 ╨│╨╛╨┤ ╤З╨╕╤Б╤В╤Л╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨░╨║╤В╨╕╨▓╤Л ╤Г╨▓╨╡╨╗╨╕╤З╨╕╨╗╨╕╤Б╤М ╤Б -5 486 ╨╝╨╗╨╜ ╨┤╨╛ 828 ╨╝╨╗╨╜ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓.

╨Ш╤Б╤В╨╛╤З╨╜╨╕╨║:

╨Ю╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╣ ╨░╨║╤В╨╕╨▓ Amazon

Amazon тАФ ╨░╨╝╨╡╤А╨╕╨║╨░╨╜╤Б╨║╨░╤П ╨╝╨╜╨╛╨│╨╛╨╜╨░╤Ж╨╕╨╛╨╜╨░╨╗╤М╨╜╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П, ╨▒╨░╨╖╨╕╤А╤Г╤О╤Й╨░╤П╤Б╤П ╨▓ ╨Т╨░╤И╨╕╨╜╨│╤В╨╛╨╜╨╡. ╨Ю╤Б╨╜╨╛╨▓╨╜╨╛╨╡ ╨▓╨╜╨╕╨╝╨░╨╜╨╕╨╡ Amazon ╤Г╨┤╨╡╨╗╤П╨╡╤В ╤Н╨╗╨╡╨║╤В╤А╨╛╨╜╨╜╨╛╨╣ ╨║╨╛╨╝╨╝╨╡╤А╤Ж╨╕╨╕, ╨╛╨▒╨╗╨░╤З╨╜╤Л╨╝ ╨▓╤Л╤З╨╕╤Б╨╗╨╡╨╜╨╕╤П╨╝ ╨╕ ╨╕╤Б╨║╤Г╤Б╤Б╤В╨▓╨╡╨╜╨╜╨╛╨╝╤Г ╨╕╨╜╤В╨╡╨╗╨╗╨╡╨║╤В╤Г. ╨б╨╛╨│╨╗╨░╤Б╨╜╨╛ ╨│╨╛╨┤╨╛╨▓╨╛╨╝╤Г ╨╛╤В╤З╨╡╤В╤Г ╨╖╨░ 2018 ╨│╨╛╨┤╨У╨╛╨┤╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В╨У╨╛╨┤╨╛╨▓╨╛╨╣ ╨╛╤В╤З╨╡╤В тАФ ╤Н╤В╨╛ ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В, ╨║╨╛╤В╨╛╤А╤Л╨╣ ╨║╨╛╤А╨┐╨╛╤А╨░╤Ж╨╕╤П ╨┐╤Г╨▒╨╗╨╕╨║╤Г╨╡╤В ╨┤╨╗╤П ╤Б╨▓╨╛╨╕╤Е ╨▓╨╜╤Г╤В╤А╨╡╨╜╨╜╨╕╤Е ╨╕ ╨▓╨╜╨╡╤И╨╜╨╕╤Е ╨╖╨░╨╕╨╜╤В╨╡╤А╨╡╤Б╨╛╨▓╨░╨╜╨╜╤Л╤Е ╤Б╤В╨╛╤А╨╛╨╜, ╤З╤В╨╛╨▒╤Л ╨╛╨┐╨╕╤Б╨░╤В╤М ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Г╤О ╨╕╨╜╤Д╨╛╤А╨╝╨░╤Ж╨╕╤О ╨╕ ╤А╨░╤Б╨║╤А╤Л╤В╨╕╨╡ ╨╕╨╜╤Д╨╛╤А╨╝╨░╤Ж╨╕╨╕, ╤Б╨▓╤П╨╖╨░╨╜╨╜╨╛╨╣ ╤Б ╨╡╨╡ ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╤М╤О. ╨б╨╛ ╨▓╤А╨╡╨╝╨╡╨╜╨╡╨╝ ╤Н╤В╨╕ ╨╛╤В╤З╨╡╤В╤Л ╤Б╤В╨░╨╗╨╕ ╤О╤А╨╕╨┤╨╕╤З╨╡╤Б╨║╨╕╨╝╨╕ ╨╕ ╨╜╨╛╤А╨╝╨░╤В╨╕╨▓╨╜╤Л╨╝╨╕ ╤В╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П╨╝╨╕. ╨У╨╛╨┤╨╛╨▓╨╛╨╣ ╨┤╨╛╤Е╨╛╨┤ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В 233 ╨╝╨╕╨╗╨╗╨╕╨░╤А╨┤╨░ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓. ╨Э╨╕╨╢╨╡ ╨┐╤А╨╕╨▓╨╡╨┤╨╡╨╜ ╤Б╨║╤А╨╕╨╜╤И╨╛╤В ╨╛╤В╤З╨╡╤В╨░ ╨╛╨▒ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨░╤Е ╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░╤Е Amazon. ╨Ю╤Б╨╜╨╛╨▓╨╜╤Л╨╝╨╕ ╨╕╤Б╤В╨╛╤З╨╜╨╕╨║╨░╨╝╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓ ╤П╨▓╨╗╤П╤О╤В╤Б╤П ╨г╨▒╤Л╤В╨║╨╕ ╨Я╨╡╤А╨╡╨╜╨╛╤Б ╤Г╨▒╤Л╤В╨║╨╛╨▓ ╨Я╨╡╤А╨╡╨╜╨╛╤Б ╤Г╨▒╤Л╤В╨║╨╛╨▓ ╨Я╨╡╤А╨╡╨╜╨╛╤Б ╨╜╨░╨╗╨╛╨│╨╛╨▓ ╨╜╨░ ╨▒╤Г╨┤╤Г╤Й╨╕╨╡ ╨┐╨╡╤А╨╕╨╛╨┤╤Л тАФ ╤Н╤В╨╛ ╨┐╨╛╨╗╨╛╨╢╨╡╨╜╨╕╨╡, ╨║╨╛╤В╨╛╤А╨╛╨╡ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╤Д╨╕╨╖╨╕╤З╨╡╤Б╨║╨╛╨╝╤Г ╨╗╨╕╤Ж╤Г ╨┐╨╡╤А╨╡╨╜╨╛╤Б╨╕╤В╤М ╨╕╨╗╨╕ ╨┐╨╡╤А╨╡╨╜╨╛╤Б╨╕╤В╤М ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╤Г╨▒╤Л╤В╨║╨╕ ╨╜╨░ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╨╣ ╨│╨╛╨┤ ╨┤╨╗╤П ╨╖╨░╤З╨╡╤В╨░ ╨▒╤Г╨┤╤Г╤Й╨╡╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕. ╨Ы╤О╨▒╨╛╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨┐╨╗╨░╤В╨╡╨╗╤М╤Й╨╕╨║ ╨╝╨╛╨╢╨╡╤В ╨╖╨░╤П╨▓╨╕╤В╤М ╨╛╨▒ ╤Н╤В╨╛╨╝, ╤З╤В╨╛╨▒╤Л ╤Б╨╜╨╕╨╖╨╕╤В╤М ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨┐╨╗╨░╤В╨╡╨╢╨╕ ╨▓ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝. ╤З╨╕╤В╨░╤В╤М ╨┤╨░╨╗╨╡╨╡ ╨╕ ╨Ъ╨╛╨╝╨┐╨╡╨╜╤Б╨░╤Ж╨╕╤П ╨╜╨░ ╨╛╤Б╨╜╨╛╨▓╨╡ ╨░╨║╤Ж╨╕╨╣╨Ъ╨╛╨╝╨┐╨╡╨╜╤Б╨░╤Ж╨╕╤П ╨╜╨░ ╨╛╤Б╨╜╨╛╨▓╨╡ ╨░╨║╤Ж╨╕╨╣╨Ъ╨╛╨╝╨┐╨╡╨╜╤Б╨░╤Ж╨╕╤П ╨╜╨░ ╨╛╤Б╨╜╨╛╨▓╨╡ ╨░╨║╤Ж╨╕╨╣, ╤В╨░╨║╨╢╨╡ ╨╜╨░╨╖╤Л╨▓╨░╨╡╨╝╨░╤П ╨║╨╛╨╝╨┐╨╡╨╜╤Б╨░╤Ж╨╕╨╡╨╣ ╨╜╨░ ╨╛╤Б╨╜╨╛╨▓╨╡ ╨░╨║╤Ж╨╕╨╣, ╨╛╤В╨╜╨╛╤Б╨╕╤В╤Б╤П ╨║ ╨▓╨╛╨╖╨╜╨░╨│╤А╨░╨╢╨┤╨╡╨╜╨╕╤П╨╝, ╨┐╤А╨╡╨┤╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╨╝╤Л╨╝ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╡╨╣ ╤Б╨▓╨╛╨╕╨╝ ╤Б╨╛╤В╤А╤Г╨┤╨╜╨╕╨║╨░╨╝ ╨┐╤Г╤В╨╡╨╝ ╨┐╤А╨╡╨┤╨╛╤Б╤В╨░╨▓╨╗╨╡╨╜╨╕╤П ╨╕╨╝ ╨┐╤А╨░╨▓╨░ ╤Б╨╛╨▒╤Б╤В╨▓╨╡╨╜╨╜╨╛╤Б╤В╨╕ ╨╜╨░ ╨░╨║╤Ж╨╕╨╕ ╨▓ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╤Б ╤Ж╨╡╨╗╤М╤О ╤Б╨╛╨│╨╗╨░╤Б╨╛╨▓╨░╨╜╨╕╤П ╨╕╨╜╤В╨╡╤А╨╡╤Б╨╛╨▓ ╤А╤Г╨║╨╛╨▓╨╛╨┤╤Б╤В╨▓╨░, ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨╛╨▓ ╨╕ ╤Б╨╛╤В╤А╤Г╨┤╨╜╨╕╨║╨╛╨▓ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ┬л╨Ш╨╖╨╜╨╛╤Б ╨╕ ╨░╨╝╨╛╤А╤В╨╕╨╖╨░╤Ж╨╕╤П┬╗ ╤П╨▓╨╗╤П╤О╤В╤Б╤П ╨╛╤Б╨╜╨╛╨▓╨╜╤Л╨╝ ╨╕╤Б╤В╨╛╤З╨╜╨╕╨║╨╛╨╝ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓. ╨б 2017 ╨┐╨╛ 2018 ╨│╨╛╨┤ ╤З╨╕╤Б╤В╤Л╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░ ╤Г╨▓╨╡╨╗╨╕╤З╨╕╨╗╨╕╤Б╤М ╤Б╨╛ 197 ╨╝╨╗╨╜ тАЛтАЛ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р ╨┤╨╛ 544 ╨╝╨╗╨╜ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨б╨и╨Р.

╨Ш╤Б╤В╨╛╤З╨╜╨╕╨║:

╨Я╤А╨╡╨╕╨╝╤Г╤Й╨╡╤Б╤В╨▓╨░

• ╨Ф╨╗╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╖╨░╨║╨╛╨╜╨╜╨╛ ╨┐╨╛╨║╨░╨╖╤Л╨▓╨░╤В╤М ╤А╨░╨╖╨╜╤Л╨╡ ╤Б╤З╨╡╤В╨░ ╨┤╨╗╤П ╤Ж╨╡╨╗╨╡╨╣ ╨╜╨░╨╗╨╛╨│╨╛╨╛╨▒╨╗╨╛╨╢╨╡╨╜╨╕╤П ╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░. ╨в╨░╨║╨╕╨╝ ╨╛╨▒╤А╨░╨╖╨╛╨╝, ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╤П ╤Н╤В╤Г ╤Д╤Г╨╜╨║╤Ж╨╕╤О ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨░, ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨╝╨╛╨╢╨╡╤В ╨┐╨╗╨░╤В╨╕╤В╤М ╨╝╨╡╨╜╤М╤И╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓, ╨║╨╛╨│╨┤╨░ ╨╛╨╜╨░ ╨▓╨╕╨┤╨╕╤В ╨╝╨╡╨╜╤М╤И╤Г╤О ╨┐╤А╨╕╨▒╤Л╨╗╤М, ╨╕ ╨╛╤В╨║╨╗╨░╨┤╤Л╨▓╨░╤В╤М ╤Г╨┐╨╗╨░╤В╤Г ╨╜╨░╨╗╨╛╨│╨░ ╨╜╨░ ╨▒╨╗╨╕╨╢╨░╨╣╤И╨╕╨╡ ╨│╨╛╨┤╤Л, ╨║╨╛╨│╨┤╨░ ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨▒╤Г╨┤╨╡╤В ╤Г╨▓╨╡╨╗╨╕╤З╨╕╨▓╨░╤В╤М╤Б╤П.

╨Э╨╡╨┤╨╛╤Б╤В╨░╤В╨║╨╕

• ╨Ч╨░╨┐╨╕╤Б╤М ╨▓ ╨╢╤Г╤А╨╜╨░╨╗╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓ ╨╝╨╛╨╢╨╡╤В ╨┐╨╛╨▓╨╗╨╕╤П╤В╤М ╨╜╨░ ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╨╡ ╨┐╨╛╤В╨╛╨║╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Ф╨╡╨╜╨╡╨╢╨╜╤Л╨╡ ╨┐╨╛╤В╨╛╨║╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Ф╨╡╨╜╨╡╨╢╨╜╤Л╨╣ ╨┐╨╛╤В╨╛╨║ тАФ ╤Н╤В╨╛ ╤Б╤Г╨╝╨╝╨░ ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╤Е ╤Б╤А╨╡╨┤╤Б╤В╨▓ ╨╕╨╗╨╕ ╨╕╤Е ╤Н╨║╨▓╨╕╨▓╨░╨╗╨╡╨╜╤В╨╛╨▓, ╤Б╨╛╨╖╨┤╨░╨╜╨╜╤Л╤Е ╨╕ ╨┐╨╛╤В╤А╨╡╨▒╨╗╨╡╨╜╨╜╤Л╤Е ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╨╡╨╣ ╨╖╨░ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╤Л╨╣ ╨┐╨╡╤А╨╕╨╛╨┤. ╨н╤В╨╛ ╨╛╨║╨░╨╖╤Л╨▓╨░╨╡╤В╤Б╤П ╨┐╤А╨╡╨┤╨┐╨╛╤Б╤Л╨╗╨║╨╛╨╣ ╨┤╨╗╤П ╨░╨╜╨░╨╗╨╕╨╖╨░ ╤Б╨╕╨╗╤Л ╨▒╨╕╨╖╨╜╨╡╤Б╨░, ╨┐╤А╨╕╨▒╤Л╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨╕ ╨▓╨╛╨╖╨╝╨╛╨╢╨╜╨╛╤Б╤В╨╡╨╣ ╨┤╨╗╤П ╤Г╨╗╤Г╤З╤И╨╡╨╜╨╕╤П. ╤З╨╕╤В╨░╨╣╤В╨╡ ╨▒╨╛╨╗╤М╤И╨╡ ╨▓ ╨┐╨╛╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╨╡ ╨│╨╛╨┤╤Л. ╨в╨░╨║╨╕╨╝ ╨╛╨▒╤А╨░╨╖╨╛╨╝, ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┐╤А╨╕╨┤╨╡╤В╤Б╤П ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М ╤Н╤В╨╛ ╤Б ╤Г╤З╨╡╤В╨╛╨╝ ╨▒╤Г╨┤╤Г╤Й╨╕╤Е ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╤Е ╤Б╤А╨╡╨┤╤Б╤В╨▓.
• ╨Я╤А╨╕ ╨╕╨╖╤Г╤З╨╡╨╜╨╕╨╕ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨│╨╛ ╨╛╤В╤З╨╡╤В╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕╨д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨╛╤В╤З╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕╨д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨░╤П ╨╛╤В╤З╨╡╤В╨╜╨╛╤Б╤В╤М ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╤П╨╡╤В ╤Б╨╛╨▒╨╛╨╣ ╤Б╨╕╤Б╤В╨╡╨╝╨░╤В╨╕╤З╨╡╤Б╨║╨╕╨╣ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╨╖╨░╨┐╨╕╤Б╨╕ ╨╕ ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╨╡╨╜╨╕╤П ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨┤╨░╨╜╨╜╤Л╤Е ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Ю╤В╤З╨╡╤В╤Л ╨╛╤В╤А╨░╨╢╨░╤О╤В ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╨╛╨╡ ╤Б╨╛╤Б╤В╨╛╤П╨╜╨╕╨╡ ╨╕ ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╤Д╨╕╤А╨╝╤Л ╨╖╨░ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╤Л╨╣ ╨┐╨╡╤А╨╕╨╛╨┤. ╨Ь╨╡╨╜╨╡╨┤╨╢╨╝╨╡╨╜╤В, ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л, ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╤Л, ╤Д╨╕╨╜╨░╨╜╤Б╨╕╤Б╤В╤Л, ╨┐╤А╨░╨▓╨╕╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ ╨╕ ╤А╨╡╨│╤Г╨╗╨╕╤А╤Г╤О╤Й╨╕╨╡ ╨╛╤А╨│╨░╨╜╤Л ╨┐╨╛╨╗╨░╨│╨░╤О╤В╤Б╤П ╨╜╨░ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨╛╤В╤З╨╡╤В╤Л ╨┐╤А╨╕ ╨┐╤А╨╕╨╜╤П╤В╨╕╨╕ ╤А╨╡╤И╨╡╨╜╨╕╨╣. ╨С╨╛╨╗╨╡╨╡ ╤В╨╛╨│╨╛, ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨░ ╨╝╨╛╨╢╨╜╨╛ ╨▓╨▓╨╡╤Б╤В╨╕ ╨▓ ╨╖╨░╨▒╨╗╤Г╨╢╨┤╨╡╨╜╨╕╨╡, ╨╡╤Б╨╗╨╕ ╨╛╨╜ ╨▒╤Г╨┤╨╡╤В ╤Б╨╝╨╛╤В╤А╨╡╤В╤М ╨╜╨░ ╤З╨╕╤Б╤В╤Г╤О ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨╜╨╡ ╨╛╨▒╤А╨░╤Й╨░╤П ╨▓╨╜╨╕╨╝╨░╨╜╨╕╤П ╨╜╨░ ╨▓╨╗╨╕╤П╨╜╨╕╨╡ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓ ╨╕ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓.
• ╨е╨╛╤В╤П ╤Н╤В╨╛ ╨╖╨░╨║╨╛╨╜╨╜╨╛, ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╝╨╛╨│╤Г╤В ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М ╨╜╨╡╨║╨╛╤В╨╛╤А╤Л╨╡ ╨╜╨╡╨╖╨░╨║╨╛╨╜╨╜╤Л╨╡ ╤Б╨┐╨╛╤Б╨╛╨▒╤Л, ╤З╤В╨╛╨▒╤Л ╨▓╨╛╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М╤Б╤П ╨╡╨│╨╛ ╤Д╤Г╨╜╨║╤Ж╨╕╤П╨╝╨╕.

╨Ч╨░╨║╨╗╤О╤З╨╡╨╜╨╕╨╡

╨Я╨╛╨╜╨╕╨╝╨░╤П ╨╕ ╨┐╤А╨╕╨╝╨╡╨╜╤П╤П ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨░╨║╤В╨╕╨▓╤Л ╨╕╨╗╨╕ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░, ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╕ ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л ╨┤╨╛╨╗╨╢╨╜╤Л ╨░╨╜╨░╨╗╨╕╨╖╨╕╤А╨╛╨▓╨░╤В╤М ╨╕ ╨┐╨╛╨╜╨╕╨╝╨░╤В╤М ╨▓╨╗╨╕╤П╨╜╨╕╨╡ ╨▒╤Г╨┤╤Г╤Й╨╕╤Е ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╤Е ╨┐╨╛╤В╨╛╨║╨╛╨▓. ╨Э╨░ ╨▒╤Г╨┤╤Г╤Й╨╕╨╣ ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╨╣ ╨┐╨╛╤В╨╛╨║ ╨╝╨╛╨│╤Г╤В ╨┐╨╛╨▓╨╗╨╕╤П╤В╤М ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨░╨║╤В╨╕╨▓╤Л ╨╕╨╗╨╕ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░. ╨Х╤Б╨╗╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╨╛╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨╛ ╤Г╨▓╨╡╨╗╨╕╤З╨╕╨▓╨░╨╡╤В╤Б╤П, ╤Н╤В╨╛ ╨╛╨╖╨╜╨░╤З╨░╨╡╤В, ╤З╤В╨╛ ╨╛╨╜╨╛ ╤П╨▓╨╗╤П╨╡╤В╤Б╤П ╨╕╤Б╤В╨╛╤З╨╜╨╕╨║╨╛╨╝ ╨┤╨╡╨╜╨╡╨╢╨╜╤Л╤Е ╤Б╤А╨╡╨┤╤Б╤В╨▓, ╨╕ ╨╜╨░╨╛╨▒╨╛╤А╨╛╤В. ╨в╨░╨║╨╕╨╝ ╨╛╨▒╤А╨░╨╖╨╛╨╝, ╨░╨╜╨░╨╗╨╕╨╖ ╤Н╤В╨╛╨│╨╛ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨╜╨░╨╗╨╛╨│╨░ ╨┐╨╛╨╝╨╛╨│╨░╨╡╤В ╨╛╤Ж╨╡╨╜╨╕╤В╤М, ╨║╤Г╨┤╨░ ╨┤╨▓╨╕╨╢╨╡╤В╤Б╤П ╨▒╨░╨╗╨░╨╜╤Б.

╨а╨╡╨║╨╛╨╝╨╡╨╜╨┤╤Г╨╡╨╝╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕

╨н╤В╨╛ ╤А╤Г╨║╨╛╨▓╨╛╨┤╤Б╤В╨▓╨╛ ╨┐╨╛ ╨╖╨░╨┐╨╕╤Б╨╕ ╨╢╤Г╤А╨╜╨░╨╗╨░ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╤Е ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╤Е ╨░╨║╤В╨╕╨▓╨╛╨▓. ╨Ч╨┤╨╡╤Б╤М ╨╝╤Л ╨╛╨▒╤Б╤Г╨┤╨╕╨╝, ╨║╨░╨║ ╨┐╤А╨╕╨╖╨╜╨░╤В╤М ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╤Л╨╡ ╨╜╨░╨╗╨╛╨│╨╛╨▓╤Л╨╡ ╨░╨║╤В╨╕╨▓╤Л, ╨░ ╤В╨░╨║╨╢╨╡ ╨┐╤А╨╕╨╝╨╡╤А╤Л ╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╕╨╡ ╨┐╤А╨╛╨▓╨╛╨┤╨║╨╕. ╨Т╤Л ╨╝╨╛╨╢╨╡╤В╨╡ ╤Г╨╖╨╜╨░╤В╤М ╨▒╨╛╨╗╤М╤И╨╡ ╨╛ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨╝ ╤Г╤З╨╡╤В╨╡ ╨╕╨╖ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╤Е ╤Б╤В╨░╤В╨╡╨╣ тАУ

• ╨Я╤А╨╕╨╝╨╡╤А╤Л ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨│╨╛ ╨┤╨╛╤Е╨╛╨┤╨░
• ╨з╨╕╤Б╤В╤Л╨╣ ╨╛╨┐╨╡╤А╨░╤Ж╨╕╨╛╨╜╨╜╤Л╨╣ ╤Г╨▒╤Л╤В╨╛╨║
• ╨а╨░╤Б╤Е╨╛╨┤╤Л ╨┤╨╛╤Е╨╛╨┤╨╛╨▓ ╨▒╤Г╨┤╤Г╤Й╨╕╤Е ╨┐╨╡╤А╨╕╨╛╨┤╨╛╨▓
• ╨Ю╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╕╨╡ ╤А╨░╤Б╤Е╨╛╨┤╨╛╨▓ ╨▒╤Г╨┤╤Г╤Й╨╕╤Е ╨┐╨╡╤А╨╕╨╛╨┤╨╛╨▓