Annual Report 2017 - Hondaホームページ:本田技研 …œ¬田技研工業株式会社 Annual Report 2017 02 * 汎用パワープロダクツ事業は、2017年4月1日より、パワープロダクツ事

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  • 20173

    Annual Report 2017

  • Ridgeline

    CRV1997SUV20Honda5CRV2.4LDOHC iVTEC1.5LHonda SENSING SUV

    HondaHonda1948367*75*

    * 2017331

    User GuidePDF

    5CFO42 3The Power of Dreams1

    Annual Report 2017 01

  • IFRSForm 20-F

    193327A193421EHonda

    Annual Report 2017 02

    * 201741

  • The Power of DreamsHondaHonda

    2017Civic Type R2.0L VTEC TURBO

    6FF17438021 Honda201742 Honda

    Civic Type R

    Annual Report 2017 03The Power of Dreams1

  • 2013

    5,000

    10,000

    15,000

    0 13 14 15 16 17

    1

    201311

    200

    400

    600

    800

    0

    100

    200

    300

    400

    013 14 15 16 17

    %

    500

    250

    750

    1,000

    0

    4.0

    2.0

    6.0

    8.0

    0.013 14 15 16 17

    1

    201311

    10,000

    5,000

    15,000

    20,000

    0

    3,000

    1,500

    4,500

    6,000

    013 14 15 16 17

    2013

    60

    120

    180

    0 13 14 15 16 17

    2013

    400

    600

    200

    800

    0 13 14 15 16 17

    2017

    8,407

    6.0%

    2017

    5,883

    4,841

    2017

    189,581

    72,9521

    4,047.81

    2017

    6,1651

    342.10

    2017

    139,9922017

    1,647

    1

    1

    331

    IFRS IFRS IFRS

    IFRS IFRS IFRS

    Annual Report 2017 042

  • 2

    Honda6

    Honda

    SUVVezelHRV

    CivicCRVAccord

    HondaMobilioBRV

    RidgelineOdysseyCriderAvancierURVNBOX

    6WRVSUVCRVPilotAcura MDXCivic Hatchback6

    Annual Report 2017 053

  • Honda

    203032Honda

    Clarity

    1EV10

    2018

    Honda SENSING

    NBOX

    Annual Report 2017 063

  • 2030Honda1002050

    20302030

    Honda2030

    HondaHondaHondaHonda2

    Honda3123

    Honda

    202042025

    2,800

    Honda2122,800

    Honda

    +

    Honda

    Honda

    Annual Report 2017 073

  • 20304

    2Honda

    3

    13

    2

    3

    No.1

    3

    2030

    Annual Report 2017 083

  • 1

    2HondaHonda2

    GMWaymo

    3HondaHondaSED*Honda

    * Sales, Engineering and Development

    2030

    Honda

    2030HondaHonda

    Honda

    2017615

    Annual Report 2017 093

  • CFO

    130500

    67.0%8,4071,050

    20173201612Google Inc.Alphabet Inc.

    Waymo

    20171GM3

    2RDX4

    Q.

    20183 142,000 1.4%7,05016.1%*2017310820183105*20173433

    Q. 20173

    201734.1%139,9927,226

    500 20166

    Ridgeline12CRV160CRVVezelXRVAccordCivic

    Annual Report 2017 10CFO4

  • * 2017428

    Q.

    20173

    16.4%5,410201832.0%5,300*2019**

    331

    250

    500

    750

    0 13 14 15 16 17

    IFRS

    %

    331

    200

    600

    400

    800

    0

    2.0

    6.0

    4.0

    8.0

    0.013 14 15 16 17 IFRS

    Honda

    201734.8%6,853201839.4%7,500*

    * 2017428**

    Q. Honda

    1331

    25

    75

    50

    100

    0 13 14 15 16 17

    30%

    4201731222342449220183496*

    * 2017428

    2013

    Annual Report 2017 11CFO4

  • 2.3%

    4.6%

    13.4%

    6.1%

    22.0%

    12.3%

    12.9%

    72.0%

    54.4%

    1,716,165 10,086,816 318,125 1,878,094 169,850 31,567 13,188

    1,716,165 10,256,666 349,692 1,891,282

    170,740 501,181 (9,659) 178,449

    Annual Report 2017 125

  • 156 294 2171,057

    15,937

    156 294 2171,057

    9,513

    500

    1,500

    1,000

    2,000

    0 13 14 15 16 17

    1,12376.3%17,1614.9%1,7076.1%

    2016 2017 % 66,877 62,769 (6.1)% 186,065 168,015 (9.7) 125,021 118,295 (5.4) 1,107,669 1,088,138 (1.8) 319,797 278,948 (12.8) 1,805,429 1,716,165 (4.9)%

    1 2

    Honda 1 2

    331

    IFRS

    IFRS

    2016 2017 2016 2017

    50

    150

    200

    0 13 14 15 16 17

    3.0

    9.0

    100 6.0

    12.0

    0.0

    %

    Pioneer 1000

    Annual Report 2017 135

  • 201637

    6%50cc

    15613.3%

    JAMA

    2016ATV

    703%

    Pioneer 1000SidebySideSSATV2944.5%

    MIC ATVSidebySideSS

    201691

    12%CRF1000L Africa Twin

    2176.4%

    10

    CRF1000L Africa Twin Pioneer 1000

    Annual Report 2017 145

  • 2016

    3,9762%1,767

    10%80413%5938%31210%1744%1669%

    ActivaVision951310.0%CBR150R

    CB150R4372%

    8

    2016

    8528%

    105714.1%

    ABRACICLO

    Activa Vision

    Annual Report 2017 155

  • 668

    1,970

    184 242

    1,964

    603

    1,970

    184 242

    684

    3,000

    6,000

    12,000

    13 14 15 16 170

    9,000

    36831.3%108685.1%5,011226.8%

    1 2

    Honda 1 2

    IFRS

    2016 2017 % 1,439,959 1,453,460 0.9 % 6,186,765 5,704,213 (7.8) 491,204 450,757 (8.2) 1,962,501 1,948,102 (0.7) 544,976 530,284 (2.7) 10,625,405 10,086,816 (5.1)%

    331

    IFRS

    IFRS

    2016 2017 2016 2017

    0

    450

    600

    13 14 15 16 17

    300

    150 2.5

    5.0

    7.5

    10.0

    0.0

    %

    CR-V

    Annual Report 2017 165

  • 20161507

    3%2Freed

    Step WGN6031.8%

    816.5%

    1 JAMA2 IFRS

    2016

    1,755

    AccordCivic Hatchback

    Ridgeline1972.1%

    HRV19370.9%

    Autodata

    2016

    1,5137%

    HRV 1847.0%

    Civic Hatchback 14930.1%

    ACEAEU28EFTA3

    Civic Hatchback Freed

    Annual Report 2017 175

  • 2016

    73914%20162,802214%

    BRV Civic 6842.1%

    Civic Avancier Gienia XRV Vezel 128

    21.5%752

    34.7%

    125920.0%

    1 8

    2 3

    9

    2016

    19820%

    2423.6%

    1216.5%

    ANFAVEA

    BR-V Civic

    Annual Report 2017 185

  • 100

    200

    400

    13 14 15 16 170

    300

    61212.6%3,1815.0%96214438272

    Honda

    Honda

    301

    2,977

    1,035

    378

    1,430

    2016 2017 % 85,275 72,629 (14.8)% 122,079 129,563 6.1 62,883 58,096 (7.6) 41,282 38,903 (5.8) 23,193 18,934 (18.4) 334,712 318,125 (5.0)%

    331

    IFRS

    IFRS

    2016 2017

    0

    20

    40

    40

    13 14 15 16 17

    20

    0.0

    10.0

    10.0

    20.0

    20.0

    %

    Miimo

    Annual Report 2017 195

  • OEM

    30117.1%

    OEMOriginal Equipment Manufacturer

    OEM

    29775.9%

    OEM

    10352.7%

    OEM1436.0%

    OEM

    37812.9%

    BF5 4 EU2000i

    Annual Report 2017 205

  • 13 14 15 16 17

    500

    1,000

    2,000

    1,500

    0

    2016 2017 % 162,056 210,914 30.1 % 1,619,201 1,616,234 (0.2) 14,490 12,100 (16.5) 12,615 10,556 (16.3) 27,243 28,290 3.8 1,835,605 1,878,094 2.3 %

    2013 2014 2015 2016 2017

    4,031.1 5,351.2 5,683.6 5,008.0 4,949.5

    1,843.1 2,427.4 3,335.3 3,678.1 4,104.6

    5,874.2 7,778.6 9,018.9 8,686.1 9,054.2

    2013

    95423,6804.2%4,3485.0%

    18,7804242.3%2,10911.5%18,9124152.2%

    17,1286243.8%16,0876154.0%1,04190.9%

    1,78420910.5%

    331

    IFRS

    IFRS

    50

    150

    200

    0 13 14 15 16 17

    100

    10.0

    20.0

    40.0

    30.0

    0.0

    %

    Annual Report 2017 215

  • Honda Honda

    Honda19601970NOxCVCC

    1992Honda

    2011

    HondaHondaGHG

    HondaHonda

    Honda

    HondaHonda

    1960

    6Honda

    Honda

    Honda

    6 Honda

    Honda

    3

    Honda

    Honda201620201,000

    19911995

    Honda6

    HondaPDCA

    2017

    Honda20173

    ISO14001100%

    ESG

    Annual Report 2017 22ESG6

  • HondaHonda2017615

    2017615

    . . . . . . . . . . . . 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . . . . . . . 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . . . . . . . 2

    2017615

    145

    53

    ESGhttp://www.honda.co.jp/sustainability/

    Annual Report 2017 23ESG6

  • Annual Report 2017 24ESG6

  • BCP

    Annual Report 2017 25ESG6

  • Annual Report 2017 26ESG6

  • IT

    * 215

    *

    Annual Report 2017 27ESG6

  • SCM

    DEB

    Issao Mizoguchi

    IT

    Annual Report 2017 28ESG6

  • IFRS

    139,9926,0194.1%7,2264.9%

    131,5849,3926.7%

    108,6584,6654.1%16,0125,07624.1%6,9143495.3%

    8,4073,37367.0%2,8326,205

    IFRSIFRS

    1693,71558.5%

    38745

    3,27598543.0%

    3.632.5%

    2013

    331

    5,000

    10,000

    15,000

    0 13 14 15 16 17 IFRS

    Annual Report 2017 297

  • 6,7932,73067.2%

    6,1652,720

    79.0%

    62891.6%

    1

    2013

    331

    1

    400

    200

    600

    800

    0

    100

    200

    300

    400

    013 14 15 16 17 IFRS

    Annual Report 2017 307

  • 2016 2017

    1,757,456 2,105,976

    826,714 764,026

    1,926,014 1,878,938

    103,035 149,427

    1,313,292 1,364,130

    315,115 292,970

    6,241,626 6,555,467

    593,002 597,262

    3,082,054 3,070,615

    335,203 364,612

    3,678,111 4,104,663

    3,139,564 3,200,378

    824,939 778,192

    180,828 121,509

    153,967 165,425

    11,987,668 12,402,656

    18,229,294 18,958,123

    2016 2017

    1,128,041 1,183,344 2,789,620 2,786,928 384,614 417,736 89,809 119,784 45,872 45,507 513,232 348,095 519,163 527,448

    5,470,351 5,428,842

    3,736,628 4,022,190 47,755 47,241 660,279 494,131 264,978 248,935 789,830 900,450 227,685 246,708

    5,727,155 5,959,655 11,197,506 11,388,497

    86,067 86,067 171,118 171,118 (26,178) (26,189) 6,194,311 6,712,894 336,115 351,406

    6,761,433 7,295,296 270,355 274,330

    7,031,788 7,569,626 18,229,294 18,958,123

    20162017331

    Annual Report 2017 317

  • 2016 2017

    14,601,151 13,999,200

    (11,332,399) (10,865,848) (2,108,874) (1,601,212) (656,502) (691,429)

    (14,097,775) (13,158,489) 503,376 840,711 126,001 164,793

    28,468 32,389 (18,146) (12,471) (4,249) (18,436)

    6,073 1,482 635,450 1,006,986 (229,092) (327,592) 406,358 679,394

    344,531 616,569 61,827 62,825

    1 19116 34210

    331

    Annual Report 2017 327

  • 2016 2017

    406,358 679,394

    (70,709) 58,154 (15,797) 22,707 (1,274) 3,262

    (430,152) 8,064 (36,591) (22,644)

    (554,523) 69,543 (148,165) 748,937

    (188,580) 696,079 40,415 52,858

    331

    Annual Report 2017 337

  • 2016 2017

    635,450 1,006,986 660,714 674,329 (126,001) (164,793) (982) (55,911) (151,374) (119,953)

    (88,173) 49,217 66,405 (72,144) 105,189 12,999 32,151 50,339 329,391 (252,837) 354,353 40,525 (558,826) (435,503) 20,765 71,940

    4,851 998 105,477 121,770 233,873 220,947 (92,355) (99,607) (139,913) (164,229)

    1,390,995 885,073

    331

    2016 2017

    (635,176) (494,132) (236,783) (143,320) 25,617 18,710 (2,835) (3,238) (547)

    3,237 16,208

    (173,761) (222,464) 145,414 177,762 (387)

    (875,077) (650,618)

    8,302,231 8,207,530 (8,708,320) (8,129,295) 1,826,991 1,902,448 (1,267,290) (1,622,603) (158,601) (162,205) (40,331) (35,059) (13) (11) (49,966) (45,382)

    (95,299) 115,423 (134,893) (1,358) 285,726 348,520 1,471,730 1,757,456 1,757,456 2,105,976

    Annual Report 2017 347

  • 2016331

    1 1,805,429 10,625,405 1,835,605 334,712 14,601,151 14,601,1512 142,280 14,095 17,532 173,907 (173,907)

    1,805,429 10,767,685 1,849,700 352,244 14,775,058 (173,907) 14,601,151 181,773 153,366 199,358 (31,121) 503,376 503,376 1,412,404 7,493,086 9,071,874 333,586 18,310,950 (81,656) 18,229,294 76,267 564,631 622,874 13,770 1,277,542 1,277,542 73,541 796,209 1,972,647 18,251 2,860,648 2,860,648

    2017331

    1 1,716,165 10,086,816 1,878,094 318,125 13,999,200 13,999,2002 169,850 13,188 31,567 214,605 (214,605)

    1,716,165 10,256,666 1,891,282 349,692 14,213,805 (214,605) 13,999,200 170,740 501,181 178,449 (9,659) 840,711 840,711 1,505,637 7,543,388 9,437,044 312,303 18,798,372 159,751 18,958,123 79,398 576,546 664,940 14,544 1,335,428 1,335,428 66,241 607,629 1,886,607 12,272 2,572,749 2,572,749

    1. 2. 451,387530,809

    Annual Report 2017 357

  • 20162017331

    2016 2017

    4,382,596 4,632,413 1,666,899 2,002,502 835,291 766,453 1,294,608 1,341,104 585,798 522,354

    5,570,825 5,529,523 593,002 597,262 3,131,624 3,193,486 814,522 766,959 1,031,677 971,816

    9,953,421 10,161,936

    90,557 103,474 1,927,378 1,880,103 3,083,478 3,070,676 3,678,111 4,104,663 292,350 278,128 9,071,874 9,437,044

    (796,001) (640,857) 18,229,294 18,958,123

    2016 2017

    2,842,994 2,831,878 1,138,349 1,190,106 313,515 349,130 1,391,130 1,292,642

    1,325,514 1,095,366 181,830 128,508 653,575 487,080 490,109 479,778

    4,168,508 3,927,244

    2,769,802 2,590,843 3,556,228 3,893,743 1,217,764 1,338,816 7,543,794 7,823,402

    (514,796) (362,149) 11,197,506 11,388,497

    6,761,433 7,295,296 270,355 274,330 7,031,788 7,569,626

    18,229,294 18,958,123

    Annual Report 2017 367

  • 331

    2016 2017

    419,309 216,141 635,450 828,955 178,031 1,006,986 657,856 2,858 660,714 671,470 2,859 674,329 (126,001) (126,001) (164,793) (164,793) (83,670) (3,601) (902) (88,173) 52,030 (12,291) 9,478 49,217 73,943 (7,538) 66,405 (68,699) (3,445) (72,144) 103,276 4,608 (2,695) 105,189 11,468 (393) 1,924 12,999 354,147 206 354,353 40,646 (121) 40,525 (558,826) (558,826) (435,503) (435,503) 105,475 2 105,477 121,768 2 121,770 280,338 (47,443) 3,512 236,407 (372,859) 37,245 (12,699) (348,313)

    1,430,526 (39,652) 121 1,390,995 1,079,340 (192,849) (1,418) 885,073

    (634,457) (719) (635,176) (493,710) (422) (494,132) (232,393) (4,390) (236,783) (139,933) (3,387) (143,320)* 135,263 (1,918) (161,692) (28,347) 91,622 (5,752) (130,572) (44,702) 22,499 2,730 25,229 30,610 926 31,536

    (709,088) (4,297) (161,692) (875,077) (511,411) (8,635) (130,572) (650,618)

    * (64,922) (488,127) 146,960 (406,089) 25,148 (63,243) 116,330 78,235* 120,484 1,706,507 1,826,991 42,182 1,860,266 1,902,448* (113,463) (1,168,438) 14,611 (1,267,290) (55,892) (1,582,371) 15,660 (1,622,603) (158,601) (158,601) (162,205) (162,205) (90,310) (90,310) (80,452) (80,452)

    (306,812) 49,942 161,571 (95,299) (231,219) 214,652 131,990 115,423 (126,261) (8,632) (134,893) (1,107) (251) (1,358) 288,365 (2,639) 285,726 335,603 12,917 348,520 1,378,534 93,196 1,471,730 1,666,899 90,557 1,757,456 1,666,899 90,557 1,757,456 2,002,502 103,474 2,105,976

    *161,692130,572

    Annual Report 2017 377

  • 331

    IFRS

    2007 2008 2009 2010 2011 2012 2013 2014 2015 2014 2015 2016 2017

    11,087,140 12,002,834 10,011,241 8,579,174 8,936,867 7,948,095 9,877,947 11,842,451 12,646,747 12,506,091 13,328,099 14,601,151 13,999,200 851,879 953,109 189,643 363,775 569,775 231,364 544,810 750,281 606,878 823,864 670,603 503,376 840,711 7.7% 7.9% 1.9% 4.2% 6.4% 2.9% 5.5% 6.3% 4.8% 6.6% 5.0% 3.4% 6.0% 792,868 895,841 161,734 336,198 630,548 257,403 488,891 728,940 644,809 130,916 96,097 126,001 164,793 283,846 387,436 109,835 146,869 206,827 135,735 178,976 252,662 235,204 933,903 806,237 635,450 1,006,986 103,417 118,942 99,034 93,282 139,756 100,406 82,723 132,471 126,570 267,992 245,139 229,092 327,592 (20,117) (27,308) (13,928) (14,211) (29,389) (10,592) (25,489) (34,642) (43,168) 665,911 561,098 406,358 679,394 592,322 600,039 137,005 268,400 534,088 211,482 367,149 574,107 493,007

    624,703 509,435 344,531 616,569

    140,482 152,590 139,724 61,696 92,170 108,138 129,765 142,381 158,601 142,381 158,601 158,601 162,205 551,847 587,959 563,197 463,354 487,591 519,818 560,270 634,130 662,610 625,698 670,331 719,810 659,918 12,912 16,623 22,543 12,552 8,474 10,378 12,157 12,703 16,598 12,803 18,194 18,146 12,471

    12,036,500 12,615,543 11,818,917 11,629,115 11,577,714 11,787,599 13,635,357 15,622,031 18,088,839 16,048,438 18,425,837 18,229,294 18,958,123 1,905,743 1,836,652 1,932,637 2,313,035 2,043,240 2,235,001 2,710,845 3,234,066 3,933,860 3,224,512 3,926,276 3,736,628 4,022,190 4,488,825 4,550,479 4,007,288 4,328,640 4,439,587 4,398,249 5,043,500 5,918,979 6,696,693 6,335,534 7,108,627 6,761,433 7,295,296

    627,066 654,030 633,913 348,981 326,620 424,413 630,408 782,027 714,502 803,231 703,920 687,306 588,360 361,747 417,393 441,868 401,743 377,272 345,105 335,536 442,318 490,375 419,022 451,052 486,410 484,133

    Annual Report 2017 387

    http://www.honda.co.jp/investors/data/library/annual_report/FY201703_annual_report_11yrdata_j.xlsx

  • IFRS

    2007 2008 2009 2010 2011 2012 2013 2014 2015 2014 2015 2016 2017

    1 1

    324.62 330.54 75.50 147.91 295.67 117.34 203.71 318.54 273.54 346.62 282.66 191.16 342.10 324.62 330.54 75.50 147.91 295.67 117.34 203.71 318.54 273.54 346.62 282.66 191.16 342.10

    67 86 63 38 54 60 76 82 88 82 88 88 92 2,463.69 2,507.79 2,208.35 2,385.45 2,463.29 2,440.35 2,798.37 3,284.14 3,715.66 3,515.27 3,944.23 3,751.59 4,047.81

    1 1

    1,681,190 1,585,777 1,446,541 1,577,318 1,503,842 1,517,927 1,652,995 1,912,504 1,810,283 1,920,114 1,800,439 1,754,167 1,799,77215% 13% 14% 18% 17% 19% 17% 16% 14% 15% 14% 12% 13%

    9,405,950 10,417,057 8,564,700 7,001,856 7,433,025 6,430,168 8,224,952 9,929,947 10,836,464 10,585,977 11,527,660 12,846,984 12,199,42885% 87% 86% 82% 83% 81% 83% 84% 86% 85% 86% 88% 87%

    11,087,140 12,002,834 10,011,241 8,579,174 8,936,867 7,948,095 9,877,947 11,842,451 12,646,747 12,506,091 13,328,099 14,601,151 13,999,200100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

    2 2

    10,369 9,320 10,114 9,639 18,331 15,061 15,494 17,021 17,765 17,008 17,592 17,055 17,661 3,652 3,925 3,517 3,392 3,529 3,108 4,014 4,323 4,364 4,340 4,367 4,743 5,028 6,421 6,057 5,187 4,744 5,509 5,819 6,071 6,036 6,001 6,018 5,983 5,965 6,121

    167,231 178,960 181,876 176,815 179,060 187,094 190,338 198,561 203,902 199,368 204,730 208,399 211,915

    118 100 98 93 83 82 94 103 120 103 120 113 112 117 114 101 93 86 79 83 100 110 100 110 120 108

    1. 2. 20072010ATV 20112017ATVHonda

    331

    Annual Report 2017 397

  • 2017331

    1948924 331

    http://www.honda.co.jphttp://www.honda.co.jp/investors/http://world.honda.com/investors/

    41

    168-006384TEL0120-782-031

    9:0017:00

    IR

    107-855611 TEL03-3423-1111

    Honda North America, Inc. New York Office 156 West 56th Street, 20th Floor, New York, NY 10019, U.S.A. TEL1-212-707-9920

    ADR

    JPMorgan Chase Bank, N.A.4 New York Plaza, Floor 12,New York, NY 10004, U.S.A.

    JPMorgan Service CenterP.O. Box 64504St. Paul, MN 55164-0504, [email protected]

    ADRIRForm 20-FItem10E. Taxation

    7267 7,086,000,000 1,811,428,430 194,661 100

    6 630

    1231930331

    Annual Report 2017 408

  • 2017331

    %

    127,979 7.07 94,498 5.22 66,809 3.69 51,199 2.83 45,879 2.539 39,950 2.21 505223 39,480 2.18 37,234 2.06UFJ 36,686 2.035 33,061 1.83

    41.1%

    1.7% 7.8%

    8.8% 0.5% 40.1%

    Honda

    0

    100

    300

    200

    400

    5,000

    0

    1,000

    2,000

    3,000

    4,000

    2011 2012 2013 2014 2015 2016 2017

    Annual Report 2017 418

    INDEX-8-38: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220: Page 2321: Page 2422: Page 2523: Page 2624: Page 2725: Page 2826: Page 2927:

    INDEX-6-21: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220:

    INDEX-3-05: Page 2: Page 31: Page 42: Page 53: Page 114: Page 125: Page 136: Page 147: Page 158: Page 169: Page 1710: Page 1811: Page 1912: Page 2013: Page 2114: Page 2215: Page 2316: Page 2417: Page 2518: Page 2619: Page 2720: Page 2821: Page 2922: Page 3023: Page 3124: Page 3225: Page 3326: Page 3427: Page 3528: Page 3629: Page 3730: Page 3831: Page 3932: Page 4033: Page 4134: Page 4235:

    INDEX-7-25: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220: Page 2321: Page 2422: Page 2523: Page 2624: Page 2725: Page 2826: Page 2927:

    INDEX-4-09: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 139: Page 1410: Page 1511: Page 1612: Page 1713: Page 1814: Page 1915: Page 2016: Page 2117: Page 2218: Page 2319: Page 2420: Page 2521: Page 2622: Page 2723: Page 2824: Page 2925:

    INDEX-2-04: Page 2: Page 31: Page 42: Page 63: Page 74: Page 85: Page 96: Page 107: Page 118: Page 129: Page 1310: Page 1411: Page 1512: Page 1613: Page 1714: Page 1815: Page 1916: Page 2017: Page 2118: Page 2219: Page 2320: Page 2421: Page 2522: Page 2623: Page 2724: Page 2825: Page 2926:

    INDEX-1-03: Page 2: Page 31: Page 52: Page 63: Page 74: Page 85: Page 96: Page 107: Page 118: Page 129: Page 1310: Page 1411: Page 1512: Page 1613: Page 1714: Page 1815: Page 1916: Page 2017: Page 2118: Page 2219: Page 2320: Page 2421: Page 2522: Page 2623: Page 2724: Page 2825: Page 2926:

    174: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220: Page 2321: Page 2422: Page 2523: Page 2624: Page 2725: Page 2826: Page 2927:

    175: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220: Page 2321: Page 2422: Page 2523: Page 2624: Page 2725: Page 2826: Page 2927:

    181: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220: Page 2321: Page 2422: Page 2523: Page 2624: Page 2725: Page 2826: Page 2927:

    CONTENTS: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 1311: Page 1412: Page 1513: Page 1614: Page 1715: Page 1816: Page 1917: Page 2018: Page 2119: Page 2220: Page 2321: Page 2422: Page 2523: Page 2624: Page 2725: Page 2826: Page 2927:

    INDEX-5-11: Page 2: Page 31: Page 42: Page 53: Page 64: Page 75: Page 86: Page 97: Page 108: Page 119: Page 1210: Page 2311: Page 2412: Page 2513: Page 2614: Page 2715: Page 2816: Page 2917:

    2016-09: 2016-11: 2016-38: 2016-21: 2016-19: 2016-22: 2016-17: 2016-25: 2016-29: 2016-30: 2016-31: 2016-32: 2016-34: 2016-35: 2016-33: 2016-36: 2016-03: 2016-04: 2017-05: 2016-12: 2016-15: 2016-18: 2016-20: P26-6_POP_: P26-5_POP_: P26-4_POP_: P26-3_POP_: P26-2_POP_: P26-1_POP_: P26-5_: P26-4_: P26-2_: P26-1_: P26-3_: P26-6_: P27-5_POP_: P27-4_POP_: P27-3_POP_: P27-2_POP_: P27-1_POP_: P27-09_POP_: P27-08_POP_: P27-07_POP_: P27-06_POP_: P27-05_POP_: P27-04_POP_: P27-03_POP_: P27-02_POP_: P27-01_POP_: P27-01_: P27-02_: P27-03_: P27-05_: P27-06_: P27-09_: P27-04_: P27-08_: P27-5_: P27-1_: P27-2_: P27-3_: P27-4_: P27-07_: 1: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111:

    2: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    19: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    to CONTENTS: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    INDEX-8-40: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010:

    INDEX-6-22: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    INDEX-4-10: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    2017-2-04: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    2017-1-03: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    INDEX-5-12: Page 30: Page 311: Page 322: Page 333: Page 344: Page 355: Page 366: Page 377: Page 388: Page 399: Page 4010: Page 4111: Page 4212:

    11-year excel_2017: INDEX-7-29: Page 41: Page 421:

    p58-1 new: p58-2 new: