Upload
do-nhu-phuong
View
29
Download
0
Embed Size (px)
DESCRIPTION
Annual Vbf 2015 Short Report Eng, Annual Vbf 2015 Short Report Eng Annual Vbf 2015 Short Report Eng Annual Vbf 2015 Short Report Eng Annual Vbf 2015 Short Report Eng
Citation preview
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 1/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 2/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 3/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 4/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 5/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 6/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 7/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 8/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 9/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 10/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 11/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 12/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 13/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 14/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 15/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 16/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 17/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 18/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 19/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 20/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 21/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 22/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 23/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 24/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 25/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 26/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 27/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 28/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 29/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 30/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 31/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 32/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 33/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 34/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 35/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 36/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 37/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 38/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 39/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 40/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 41/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 42/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 43/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 44/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 45/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 46/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 47/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 48/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 49/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 50/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 51/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 52/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 53/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 54/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 55/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 56/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 57/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 58/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 59/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 60/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 61/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 62/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 63/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 64/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 65/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 66/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 67/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 68/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 69/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 70/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 71/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 72/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 73/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 74/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 75/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 76/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 77/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 78/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 79/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 80/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 81/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 82/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 83/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 84/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 85/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 86/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 87/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 88/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 89/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 90/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 91/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 92/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 93/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 94/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 95/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 96/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 97/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 98/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 99/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 100/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 101/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 102/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 103/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 104/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 105/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 106/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 107/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 108/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 109/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 110/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 111/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 112/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 113/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 114/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 115/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 116/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 117/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 118/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 119/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 120/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 121/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 122/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 123/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 124/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 125/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 126/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 127/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 128/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 129/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 130/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 131/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 132/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 133/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 134/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 135/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 136/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 137/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 138/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 139/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 140/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 141/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 142/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 143/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 144/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 145/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 146/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 147/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 148/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 149/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 150/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 151/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 152/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 153/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 154/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 155/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 156/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 157/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 158/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 159/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 160/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 161/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 162/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 163/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 164/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 165/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 166/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 167/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 168/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 169/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 170/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 171/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 172/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 173/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 174/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 175/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 176/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 177/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 178/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 179/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 180/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 181/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 182/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 183/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 184/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 185/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 186/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 187/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 188/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 189/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 190/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 191/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 192/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 193/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 194/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 195/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 196/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 197/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 198/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 199/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 200/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 201/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 202/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 203/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 204/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 205/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 206/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 207/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 208/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 209/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 210/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 211/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 212/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 213/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 214/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 215/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 216/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 217/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 218/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 219/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 220/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 221/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 222/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 223/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 224/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 225/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 226/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 227/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 228/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 229/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 230/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 231/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 232/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 233/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 234/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 235/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 236/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 237/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 238/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 239/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 240/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 241/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 242/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 243/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 244/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 245/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 246/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 247/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 248/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 249/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 250/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 251/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 252/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 253/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 254/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 255/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 256/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 257/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 258/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 259/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 260/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 261/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 262/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 263/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 264/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 265/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 266/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 267/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 268/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 269/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 270/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 271/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 272/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 273/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 274/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 275/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 276/277
7/21/2019 Annual Vbf 2015 Short Report Eng
http://slidepdf.com/reader/full/annual-vbf-2015-short-report-eng 277/277