Kanuraroerox(eHHfl B 3aMeHfleMbre BaprraHrbr (K3C u fT3) onpeAeJrtircTcfl no
yAenbllbll{ noI(a3areJlflM KanHTaJIoB.ryoxeunrl ua I rBr i\,rotirHocrH. B rex cr'tyqafi.\,
fiofAa B 3aMeHfieMoM BapHaHTe pacoMarpuBaercfl pacurrpeHrie T3C, coorBercrBylo-
UII{C ,KAflHTAJIOB,'Io}KCHHff IIOACI]TITbIBAIOTCq IIO YAEJibHbIM flOKA3ATCJIflM HA AONOTHII-
re.nrHuri I(uJIoBarr MourlrocrH.
Lleaepx<xu tto rerr.rroBbuvr gJ'reKrpocraHqHflM npeAcraBnqor co6ori cyMMy rro-
crorHHbIx pacxoAoB H 3arpar Ha rorrnHBo. llocroqHHbre tr3,u,epl+iKH onpeAe.rfirorcff no
€oorBercrBylou{HM HopMarneaM (cu. $ 22.5). OpueHrnpoBoqHo nocroffHnyro cocraB-
nfllou{yo H3AepxeK Mo)Kno trplrHrrrb paeHori 0,10-0, Il ee ranrrra.r]oBnoi+(eurifr.
Halr6oaee cJlox(I{br}r EBrqerct onpeleneHHe T o n,rt rr B H o r? c o c r a B n q Io-
rqeir 3arpar 3a:!teHt{eMoro BapHaHra, npeAcraBJrqrou{efi co6ofi npon3BeAeHge
ron'lHBttoro aQQerra Hd |A€rbHile 3aMbrKaroqne 3arparbr Ha ronintBo (c.lr. S 21.8).
Ton;lfiBHbIft aSQexr, TaK xe KaK Ir Anrr oueHKH cpaBuHre,rtuor?-ecpQexrunuo-
crrr f3C B I-(er'IoM, oflpeAengercs ,ru6o B pe3yJ'rbrare pacqeToB tro onrtrNrrr3ar{r.lH pe-
iKtllloB coertecrHofi pa6oru :.lexrpoctaHrllrir B aHeprocrrcreMe, nu6o fio HoI{o-
f pa:!r.\t a It.
oco6ettxocrbo pacqeroB no eu6opy napaMerpoB flBJrreTcg To, qro nprr noBHUe-
HI{H HeKoropbl.\ napaverpoe f3C (uanpuruep, ycraHoBnesHofi }rourHocrq npH no-
crofHHblx ocraJlbHttx napanrerpax) o6Unfi tonansuhrir sQ$exr (axoHolnrr ro[,{HB3
B 3Heprocttcreve) Mox(er KaK yBeJMtrHBarbcfl, TaK rr yMeHbuarbcfl. B 11oc,Tef,leM
cny'q ae nplrp a u{eHHe rorrlr}rBHoro :Q$enra 6yaer orpHr{arcJ.rbHbrM.
flprr nsr6ope onrHMa,'IbHbtK napaMerpoB Bo.torpoBoAnrrHX coopyxbHlrr? e (2J.4)
B liaqccTBe yienbHoro nOK?33T€:-1fl 3arpar Ha 3.leKTpO3HePnltn B 3HeprocriCTeM€ 3c3
ilro)Aer 6uru rrcno.ryb3oBaH rroKa3are.rrb 3aMhrKaroulH.\ 3arpar Ha greKTpojtrepfnto no
or.a,eibnbrM paf, orrau crpaHbr.
Bce gxottoMl'tqecKHe noKa3are,lir, Hcnorb3veMbre B Te.\HIrKo-3KoHolilrqecKnx pac-
qerax npH nsr6ope napayerpoB rgApoy3JroB, ,q,orxHbr onperer-rsrbcs c yuerolt Qax-
"Topa BpeyeHH.
flpxae;leirubte BbJue lteroAttqecKlte no.{ol+(eHHfl orHocfrcq ,x sur6opl, oAHoro na-
pait{erpa r-H.r.po3neKrpocrauuufi, oAHaKo npH xoHKpeTHoM npoeKrHpoBaHH}i f3C npu.
xorilrcfi o6ocuosHearb o;T,HoBpeveHHo Bce ocraxbHb{c Iapa]terpbr, npHqeM Bce ouu
83AH.HHO CB'I3AIIbI.
Pacqer sroti croxttofi saAaqtr o6uquo BeAercrI flocr-r€aoBSTenbHo, B rrcCiiorrbKo
3TailoB. Ha Ka)i\,n,oM 3Tane pacqera onpeAenflsrcs onrHMaJrbHoe 3Haqeutre od,Horo
ftapaveTpa npH yc.troBlrtr, rITo ocTaJlbHbre 3aAaFrbI Hnr{ y;+ie rr}reroT qacTHue onT}r_
Marbnble 3Ha'{eHtrs, noAJrex(auIHe flocneA}.tou.l.eMy yroqHeHI{to.flpu pacqerax, cBfl-
3aHHIJ\ C llaXO)*\.q,el'll-IeM 3TH.\ qaCTHblX OnTHMVlvlOB, IIC[Oxb3ytOTCfl npHBeAeHHbre paC-
qerHbie cxenb{ n rpoprrryau. Onpeleaenne qacrtrbrx onTHMyMoB npoH3BoAHTcrr <<cHH3y>,-T- e. Haql{Haff c ycraHoBneHuofi t*lou{HocrH. O,qgaxo Ha 3ToM grane Mor.r.lHocrb onpe-
Aenrercfl npeABapHrerbHo n noArexc.tr B Aarbuefiueu yroqHeHnp. Ocnoeuofi saAa-
,veir onpeSereuHrr yc'rauoeaeuHofr MorrlHocrH Ha 3ToM 3Tane FBnaercfl o6ecfieqesxe
conocraBtrMocrlr BaptraHToB Ans o6o$rosarrHfl ocrarbHblx napaMETpoB.
B pesy.,rsrare BoAtlogHeprerrirrccKrlx H rexHHKo-3KoHoMffrrecKHX pacqeroB [ropyr
6uru norryqenbr 3aBrrcnlrocrr{ 9a3c, tri$a, Nycr or v.&lo npu pasaHuurr'.r BapnaH-.Tax or.!rerKtr H[I)/, a raKiKe 3aBHcuMocrn coorBercrBy]ou,H.\ gKorroMHgecKflx no_
xagareaefi.
I'lcnorruryr srtt tlryrrxulur no onucanuofr ebtue cxeMe [cru. (23.1)-(23.J)], gpo-
lt3BoART nu6op onrulvta,tbloir or,verxrr VMO Anq xaxiAoro Baplratrra orMerxlr HflV.
Ia,ree no roit rie MerojtuKe npou3BoAnrcfl or,l6op onnriia.rrrroir orvernrr HI-lV,
.43{
3arer,r cHoBa nptrxoAtrrcfl Bo3Bpar4arbcn K ycraHoBnessoft MolqHocrl'I H yroqrlflTb ee
3Haqe6tie c yqeTovr xapaKrepHCTHK npeAnoaaraeMoro t( ycraHoBlte o6opyAonaHlin,
ia ra111r<e 6oaee AeTaJTb{{oro aHaJrH3a HcnoJIb3oBanHfl npoetrnpyeltoft f3C e ycno-
lBr{f x pa3B}lTHq 3HeprocHcreMbl H T. A.
rt.2. SKOHOMHqECKOE o6OcHOBAHHE vcTAHOBJIEHHON l'{OtqHOCTH r3C
VcraHoB,IIe
B SHepf ocHcTeNIe
cM. S 5.4) Moll{llo
HHYIO MOiJIHOCTb f3C NO BbIfiOJIHfCMbIM
Qyuxunr lt (nolpo6uee o 6a.ryaHce MoLtIHocrH
nPeAcTaBHrb B BHAe CyMMbl
/if:t:,VF3%+ /vF:t, (23.s)
rAe .VFS- p a 6 o .{ a q M o rU H o c r b f3C, yqacrBytoulaff BMecre
c Ap).'fHrilr 3.leKrpocTar{uHf}rr.r B nor(pbrrHI{ Hafp!'3ltll 3Hepfocl'lcTeMbl;
trt5'c - p e 3 e p B H a fl, M o u{ H o cr b, o6ecne'{tlBalou{ar BMecre c
Apyrilil{II 3,'IeKTpOcTaHt{Uf MII BLICOKOe KaqeCTBO I{ HaAeX{HOCTb 3JIeK-
rpocHa6x(eHH tl norP e6 Hreaefi .' 
Als 3KcIIJIyarHpyeMbIX f3C coorHolueHHe Mex(Ay o6eatuH co-
cTaBJIflTOU{HMlr H3MeHfleTCfl B 3aBHCHMOCTI{ OT Bpel"{eHH roAa, cyToK'
frJ,{.po.,'tofHr{ecKttX yC.IIoBHf{ H o6craHoexlt B 3HeprocitcTeil'Ie.
I flplr npoeKrHpoBaHrtH cocraBJftotUlie iliTc onpeAe.,'lflrorcn no
iyuaci,tro f3C B 6araFrce Mou{Hocrefi 3HeprocltcreMbt B rlaH6oJlee
:ttanpffjXeHHbll A.1n Hee nepHOA B yC,'IOBliflX Ma"r'IOBOAHOTO rOAa
' DacqetHoli o6ecneqettHocrll.
VcraHoe.teHHlrto t\,tOlIHocTb f 3C MOx(Ho IIpeICTaBHTb TaKiKe B
BHAe cyr!{Mbr BbtrecHflIou{eft /VFS H Ay6nllpyrouteil lifSff
MOilIHOCTeft:
/vi3t : ri F3t + A,i* (23.6)
OcHoeaHHelr i.Jtl TaKoro pa3Ae/ierrurfl ffB.iTflercr Qaxrop ts3aHlvto-
sailreHfieuocTH f3C H ApyrHX 3neKrpocraHqHfi 3HepfocHcreMu. Bu-
TeCrrffIOu1eft lta3btBaercf MOLLIFIOcTb fOC, KoTopafi, 6ylyut't BBeAeHa
B 3Hepfocrrcrevly, 3aMeHfer co6oli (enrrecnner) coorBeTcTByIOtsy_to
3a$rerrfle)tylo N{oulHocrb ApyrnX 3,'leKrpocrauqnft (uanpHMep,- s3c)
CHcTevbL CneAoBsreJlbito, npH BBoAe 3Toft MoLi.iFIocTli Ha f3C 3a-
MeHfleMafl i\{ou{HocTb Ha AaHFIOM paCqeTHOM ypOBHe BBoALITbCfi B CH-
cTelvly He AoJIx(Ha.
B rrporHBorro.{oxHocrb BbrrecHfltou{eft ry6,'lHpyrourafl Mou{Hocrb
pyrculaff Mout[rocrb, Hc[oJrb3yeMarr B nepHoA noBbu-ileilHoft BoAHocrtl,
3a c(ler coorBercrByloulefo crrHX(errlrfi Hafpy3Kt{ Ha T3C 6yaet
3r(orror,tilrb ronrilBo B $rcreN{e (cu. $ 5 4).
Octroerrofr coclaeirrrou{efi ycraHoBfieLtuoft rlroll{Hocrri fOC flBrHer-
cfl Bbrrecr{flOu1afl MouIuoCTb. Ona onpeAe.riffer co6oft:cpdlerr fOC
28* 435