Semana Santa en Granada

Page 1

MBT HVÈBT EF

(SBOBEB 4FNBOB 4BOUB



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4FNBOB 4BOUB (SBOBEB

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2VÄ TF QPES¼ FODPOUSBS FTUB 4FNBOB 4BOUB

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6TUFE MMFWB JONFSTP FO MB 4FNBOB 4BOUB EÄDB EBT RVÄ MF BUSBQÎ

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4FNBOB 4BOUB (SBOBEB

#BOEBT EF (SBOBEB

%FWPDJÖO NVTJDBM FO BM[B

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"TPDJBDJÎO .VTJDBM 4BO *TJESP EF "SNJMMB '050 " . 4"/ *4*%30 "3.*--"

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4FNBOB 4BOUB (SBOBEB

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4FNBOB 4BOUB (SBOBEB

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4FNBOB 4BOUB (SBOBEB

3FQSFTFOUBDJÖO FO 4FNBOB 4BOUB

7JWJS MB 1BTJÖO

-B QBSSPRVJB EF "UBSGF SFDSFB FM 7ÑB $SVDJT QPS UFSDFS BÕP DPO MB QBSUJDJQBDJÖO EF IBTUB VO DFOUFOBS EF QFSTPOBT FO VOB FNPUJWB NBOJGFTUBDJÖO EF GF Z EFWPDJÖO

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EF MBT DMBWFT FT RVF TPNPT VO HSVQP DPO MB[PT FTUSFDIPT OPT DPOPDFNPT DPNQBSUJNPT Z UPEPT GPSNBNPT VOB HSBO GBNJMJBx BTFHVSB $BTBEP $PNP EJSFDUPSB BEFNÆT EF OBSSBEPSB EVSBOUF MB SFQSFTFOUBDJÖO FTUÆ .BSÑB 7JDUPSJB $PSSFB "HVJMBS .BFTUSB KVCJMBEB j&T VO EFTQVÍT EF BÕPT EF DPNQSPNJTP TFSWJDJP EF MPT RVF QBTÖ DSJTUJBOP EF FO 1JOPT 1VFOUF IB JNQVMTBEP EFTEF FM JOJDJP UFTUJNPOJP FM 7ÑB $SVDJT VOB JOJDJBUJWB EFM DPOTFKP EF GF FO QBSSPRVJBM "ENJUF RVF MB DBMMFx IBZ NVDIP USBCBKP Z FTGVFS[P Z jTF TJFOUF NVDIÑTJNB SFTQPOTBCJMJ EBE QFSP UBNCJÍO UFOFNPT DPOGJBO[B QMFOB %JPT FTUÆ DPO OPTPUSPT Z TBMFx BGJSNB $PSSFB EFTUBDB RVF UPEPT MPT GJFMFT RVF QBSUJDJQBO UJFOFO VO QBQFM JNQPSUBOUF QSFDJTBNFOUF QPS TFS VOB PCSB EF DPNVOJEBE j&O MPT FOTBZPT MPT IFCSFPT OP UJFOFO VO QBQFM QSFQPOEFSBOUF QFSP MFT QJEP


4FNBOB 4BOUB (SBOBEB

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4FNBOB 4BOUB (SBOBEB

" QJF EF DBMMF

%JTGSVUBS EF MBT FNPDJPOFT UFYUP

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&M QSPHSBNB DPNQMFUP

%´" " %´" $0'3"%´" " $0'3"%´" %PNJOHP EF 3BNPT -VOFT 4BOUP

.BSUFT 4BOUP

.JÍSDPMFT 4BOUP +VFWFT 4BOUP

7JFSOFT 4BOUP

4ÆCBEP 4BOUP %PNJOHP EF 3FTVSSFDDJÖO


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT %& ."3;0 &OUSBEB EF +FTÜT FO +FSVTBMÍO Z /VFTUSB 4FÕPSB EF MB 1B[ *(-&4*" 1"33026*"- %& 4"/ "/%3°4 4"-*%" %&4%& *(-&4*" %&- 1&31&560 40$0330 $&/530

B DPOPDJEB DPNP -B #PSSJRVJMMB FT VOB EF MBT IFSNBOEBEFT NÆT QPQVMBSFT EF (SBOBEB QPS TFS MB RVF EB DPNJFO[P B MPT EÑBT HSBOEFT EF MB 4FNBOB 4BOUB 4V OBDJNJFOUP TF SFNPOUB B EF MB NBOP EFM TBDFSEPUF 1BVMJOP $PCP (PO[ÆMF[ BVORVF TVT QSJNFSBT SFHMBT TPO EF BMHP NÆT UBSEF &OUSF TVT )FSNBOPT .BZPSFT )POPSBSJPT EFTUBDBO FM .BOEP EF "EJFTUSBNJFOUP Z %PDUSJOB EFM &KÍSDJUP EF 5JFSSB .BEPD

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1"3" 7&3-" .&+03 4"-*%" : " 46 1"40 103 &- "3$0 %& &-7*3"

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&M DPMPS EFM QBMJP EF /VFTUSB 4FÕPSB EF MB 1B[ TF IB NPEJGJDBEP QBSB BDFSDBSTF BM PSJHJOBM


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT -BT DPGSBEร BT

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1"3" 7&3-" .&+03 1-";" %& -" 6/*7&34*%"%

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/VFTUSP 1BESF +FTร T $BVUJWP QSPDFTJPOB FO FTUSJDUB TPMFEBE USBT TFS BQSFTBEP


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT -" 4&."/" 4"/5" &/ *.©(&/&4

-B $BSSFSB EFM %BSSP VO MVHBS ÜOJDP FO (SBOBEB -B )FSNBOEBE EF /B[BSFOPT EF /VFTUSP 1BESF +FTÕT EF MB 4FOUFODJB Z .BSÈB 4BOUÈTJNB EF MBT .BSBWJMMBT JOJDJB TV SFDPSSJEP EFTEF MB JHMFTJB QBSSPRVJBM EF 4BO 1FESP Z 4BO 1BCMP &M DPSUFKP EJTDVSSF QPS MB $BSSFSB EFM %BSSP VOP EF MPT MVHBSFT N¼T IFSNPTPT QBSB EJTGSVUBS EF MBT JN¼HFOFT Z UBNCJÄO EPOEF N¼T HFOUF TVFMF DPODFOUSBSTF '050 +04¤ 7&-"4$0


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT -BT DPGSBEÑBT

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1"3" 7&3-" .&+03 " 46 1"40 103 -" $"33&3" %&- %"330

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&M QSJNFSP EF MPT QBTPT EF FTUB $PGSBEÑB NVFTUSB FM NPNFOUP FO FM RVF +FTÜT FT DPOEFOBEP


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT -BT DPGSBEÑBT

-B 4BOUB $FOB 4BDSBNFOUBM Z .BSÑB 4BOUÑTJNB EF MB 7JDUPSJB *(-&4*" %& 4"/50 %0.*/(0 3&"-&+0

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4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT -" 4&."/" 4"/5" &/ *.©(&/&4

+FTÜT FO DPNQMFUB TPMFEBE -B )FSNBOEBE EF 4BO 'SBODJTDP EF "TÈT Z 4BOUB $MBSB Z 1FOJUFODJB EF /VFTUSP 1BESF +FTÕT $BVUJWP Z .BSÈB 4BOUÈTJNB EF MB &ODBSOBDJÎO JOJDJB TV TBMJEB EFTEF FM 4BHSBSJP TPCSF MBT IPSBT " QBSUJS EF FTUB IPSB TVT EPT JN¼HFOFT SFDPSSFO MBT DBMMFT EF MB DJVEBE QBSB TFS BENJSBEBT QPS MPT HSBOBEJOPT 6OP EF MPT QVOUPT FNCMFN¼UJDPT QBSB EJTGSVUBS EF FMMBT FT MB QMB[B EF MB 6OJWFSTJEBE -B GJHVSB EF /VFTUSP 1BESF +FTÕT $BVUJWP SFGMFKB MB TPMFEBE EF +FTÕT USBT TFS BUBEP Z BQSFTBEP FO FM .POUF (FUTFNBOÈ -B JNBHFO EF "OUPOJP %VCÄ FT VOB EF MBT N¼T RVFSJEBT FO MB DJVEBE Z TV QBTP VOP EF MPT N¼T BOUJHVPT GFDIBEP FO '050 +04¤ 7&-"4$0


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3BNPT -BT DPGSBEÑBT

/VFTUSP 1BESF +FTÜT %FTQPKBEP EF TVT 7FTUJEVSBT .BSÑB EF %VMDF /PNCSF Z 4BO +VBO &WBOHFMJTUB *(-&4*" 1"33026*"- %& 4"/ &.*-*0 '´("3&4

F USBUB EF MB )FSNBOEBE NÆT KPWFO EF MB 4FNBOB 4BOUB HSBOBEJOB 4V GVOEBDJÖO EBUB EF NBZP EF BVORVF TVT QSJNFSBT SFHMBT TPO EF KVOJP EF 7BSJPT HSVQPT EF DPGSBEFT Z DPTUBMFSPT EF MB DJVEBE EFDJEJFSPO DSFBS VOB OVFWB DPGSBEÑB DPO VO FTQÑSJUV SFOPWBEPS QPS MP RVF CVTDBSPO VOB QBSSPRVJB Z IBMMBSPO BDPHJEB FO MB EF 4BO &NJMJP FO MB RVF FTUBCB DPNP QÆSSPDP +FTÜT #MBODP ;VMPBHB -B QSJNFSB FTUBDJÖO EF QFOJUFODJB MB SFBMJ[Ö FM %PNJOHP EF 3BNPT EF %FTEF FOUPODFT IB JEP DSFDJFOEP FO OÜNFSP EF IFSNB OPT IBTUB BMDBO[BS MPT Z TBDBS B MB DBMMF B NÆT EF OB[BSFOPT "EFNÆT MB #BOEB EF $PSOFUBT Z 5BNCPSFT FTUÆ GPSNBEB UBNCJÍO QPS VOPT IFSNBOPT BTÑ DPNP MB DVBESJMMB EF DPTUBMFSPT RVF ZB BMDBO[B MBT QFSTPOBT

4

&- 1"40 3FQSFTFOUB FM TVGSJNJFOUP EF +FTÜT FO FM .POUF $BMWBSJP -B JNBHFO FTUÆ SFBMJ[BEB QPS .BOVFM 3BNPT $PSPOB &M DPOKVOUP FTUÆ GPSNBEP QPS MB GJHVSB EF .BSÑB .BHEBMFOB RVF RVJFSF BDFSDBSTF B TV IJKP QFSP MF JNQJEF FM QBTP VO TPMEBEP SPNBOP %FUSÆT EF FMMPT IBZ PUSP TPMEBEP RVF MMFWB MB TFOUFODJB EF NVFSUF 4JNÖO EF $JSFOF Z EPT TBZPOFT .BSÑB 4BOUÑTJNB EFM %VMDF /PNCSF Z 4BO +VBO &WBOHFMJTUB QFSUFOFDFO BM UBMMFS DPSEPCÍT EF .JHVFM ©OHFM (PO[ÆMF[ +VSBEP &M QBTP FT EF FTUJMP CBSSPDP UBMMBEP FO NBEFSB QPS "OUPOJP *CÆÕF[ DPO FCBOJTUFSÑB EF .BOVFM $BCBMMFSP /07&%"%&4 -B JNBHFO EF /VFTUSP 1BESF +FTÜT %FTQPKBEP EF TVT 7FTUJEVSBT FTUSFOB FTUF BÕP VO DPSEÖO EF PSP DPO CPSMPT EF IJMP EF PSP "EFNÆT DPNP DBEB BÕP MFT BDPNQBÕB TV #BOEB EF $PSOFUBT Z 5BNCPSFT EF +FTÜT %FTQPKBEP -B )FSNBOEBE ZB MVDJÖ FM BÕP QBTBEP VOB OVFWB QÍSUJHB EFM QBTP EFM 4FÕPS RVF BDPNQBÕB BM DVFSQP EF DJSJBMFT Z MB DVBSUB TJCJMB MB RVF QPSUB FM QF[ -B $PGSBEÑB UBNCJÍO IB FTUBEP JONFSTB FO MPT ÜMUJNPT NFTFT FO FM QBTP EF QBMJP EF MB 7JSHFO RVF FO 4FNBOB 4BOUB OP QSPDFTJPOB

1"3" 7&3-" .&+03 Ȱ/(&- ("/*7&5 : &/53"%" " )&3."/%"%

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DPTUBMFSPT "VUPS EF MB JNBHFO .BOVFM 3BNPT $PSPOB

-B JNBHFO SFQSFTFOUB FM TVGSJNJFOUP EF +FTÜT FO FM .POUF $BMWBSJP


%PNJOHP EF 3BNPT -PT SFDPSSJEPT *MVTUSF $PGSBEÑB EF MB &OUSBEB EF +FTÜT FO +FSVTBMÍO Z /VFTUSB 4FÕPSB EF -B 1B[

4BO 'SBODJTDP EF "TÑT Z 4BOUB $MBSB Z 1FOJUFODJB EF /VFTUSP 1BESF +FTÜT $BVUJWP Z .BSÑB 4BOUÑTJNB EF MB &ODBSOBDJÖO

&/53"%"

4"-*%"

&/53"%"

5FNQMP "SDP EF &MWJSB 1MB[B /VFWB 1MB[B 4BO +VBO EF MB $SV[ OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B EF 7JMMBNFOB #BSBUJMMPT 1MB[B 6OJWFSTJEBE $SV[ (VÈB FO FM 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

5FNQMP 1MB[B EF MB &ODBSOBDJÎO MBUFSBM EFSFDIP 1BESF 4V¼SF[ 1MB[B EF .BSJBOB 1JOFEB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B 7JMMBNFOB 1JF EF MB 5PSSF $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

)FSNBOEBE Z $PGSBEÑB EF /B[BSFOPT EF /VFTUSP 1BESF +FTÜT EF MB 4FOUFODJB Z .BSÑB 4BOUÑTJNB EF MBT .BSBWJMMBT

.VZ *MVTUSF Z 3FBM $PGSBEÑB EF /B[BSFOPT EF MB 4BOUB $FOB 4BDSBNFOUBM Z .BSÑB 4BOUÑTJNB EF MB 7JDUPSJB

&/53"%"

&/53"%"

5FNQMP 1MB[B EF 4BOUB "OB 4BO +VBO EF MB $SV[ 1MB[B .BSJBOB 1JOFEB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B /VFWB $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

5FNQMP 1MB[B 'PSUVOZ 4BO +VBO EF MB $SV[ OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B EF *TBCFM MB $BUÎMJDB +FTÕT Z .BSÈB $SV[ (VÈB FO FM 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

/VFTUSP 1BESF +FTÜT %FTQPKBEP EF TVT 7FTUJEVSBT .BSÑB 4BOUÑTJNB EFM %VMDF /PNCSF Z 4BO +VBO &WBOHFMJTUB &/53"%"

5FNQMP 4BO "OUÎO &NCPWFEBEP 1MB[B EF .BSJBOB 1JOFEB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B 5SJOJEBE MBUFSBM J[RVJFSEP 4BO +PTÄ #BKB 3FHSFTP $SV[ EF (VÈB 1BTP EF $SJTUP

4"-*%"

4"-*%"


4FNBOB 4BOUB (SBOBEB

-VOFT 4BOUP %& ."3;0 4BOUÑTJNP $SJTUP EFM 5SBCBKP Z /VFTUSB 4FÕPSB EF MB -V[ 1"33026*" %&- $03164 $)3*45* #"33*0 %&- ;"*%´/

M CBSSJP EFM ;BJEÑO FTQFSB DBEB -VOFT 4BOUP B VOB EF TVT IFSNBOEBEFT NÆT RVFSJEBT Z QPQVMPTBT /BDJEB FO BCSJM EF SFBMJ[Ö TV QSJNFSB TBMJEB VO BÕP EFTQVÍT DPO MB JNBHFO EF /VFTUSB 4FÕPSB EF MPT %PMPSFT QFSP CBKP BEWPDB DJÖO EF /VFTUSB 4FÕPSB EF MB -V[ "VORVF UBSEBSÑB BÜO VOPT BÕPT QBSB TV GFEFSBDJÖO Z OP GVF IBTUB DVBOEP IJ[P TV QSJNFSB TBMJEB EF FTUBDJÖO EF QFOJUFODJB IBTUB MB $BUFESBM -B TBMJEB EF TV QBSSPRVJB EFM $PSQVT $ISJTUJ VOP EF MPT NPNFOUPT NÆT FNPUJWPT QPS MP GJFMFT RVF TF BHPMQBO B TVT QVFSUBT )BZ RVF TFÕBMBS RVF FTUB )FSNBOEBE IB USBCBKBEP CJFO Z EVSP QBSB DPOUBS DPO VO HSBO QBUSJNPOJP BSUÑTUJDP

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-04 1"404 &M $SJTUP EFM 5SBCBKP PCSB EF &EVBSEP &TQJOPTB "MGBNCSB EBUB EF Z SFQSFTFOUB B $SJTUP QPSUBOEP VOB DSV[ DBNJOP EFM $BMWBSJP " QVOUP EF MB DBÑEB TF BQPZB FO VO USPODP -B FYQSFTJÖO EF EPMPS FT QBUFOUF FO FTUB GJHVSB BUMÍUJDB RVF FWPDB FM TVGSJNJFOUP -B JNBHFO WB TPCSF VO SJDP QBTP BEPSOBEP DPO WBSJPT NPUJWPT EF MB QBTJÖO RVF DPNFO[Ö B MBCSBSTF FO SFNBUBEP QPS TVT EPT QBSFT EF GBSPMFT QMBUFBEPT -P BDPNQBÕBO FO FTUF QBTP EF NJTUFSJP MB 7JSHFO EFM $POTVFMP 4BO +VBO VO SPNBOP VO TBZÖO .BSÑB .BHEBMFOB Z 7FSÖOJDB /VFTUSB 4FÕPSB EF MB -V[ PCSB UBNCJÍO EF &EVBSEP &TQJOPTB TJHVF B TV IJKP DPO MB NJSBEB QFSEJEB JOUFOUBOEP DPOUFOFS FM MMBOUP -B 7JSHFO QSPDFTJPOB CBKP QBMJP EF UFDIP B[VM DPO NBMMBT EF PSP CPSEBEBT Z TPCSF VOP EF MPT QBTPT NÆT DPNQMFUPT Z DPOKVOUBEPT EF MB DJVEBE EF (SBOBEB RVF DPOTUB EF VOB QFBOB EF + "OUPOJP (BMEÖO DPO WBSBMFT Z SFTQJSBEFSPT EF 3BGBFM .PSFOP /07&%"%&4 -B )FSNBOEBE FTQFSBCB FTUF BÕP QPEFS FTUSFOBS TV OVFWP QBTP EFM 4FÕPS QFSP OP IB TJEP QPTJCMF 1PS MP RVF TVT NJFNCSPT TFHVJSÆO VO UJFNQP NÆT JONFSTPT FO TV SFBMJ[BDJÖO &TUF BÕP FM .JTUFSJP TFSÆ BDPNQBÕBEP QPS MB CBOEB EF +FTÜT EF MBT 5SFT $BÑEBT NJFOUSBT RVF MB CBOEB EF -B 7JDUPSJB EF 'VFOUF 7BRVFSPT (SBOBEB MP IBSÆ DPO /VFTUSB 4FÕPSB EF MB -V[ -B TBMJEB Z MB MMFHBEB EF FTUB JNBHFO FT NVZ FTQFSBEB FO FM CBSSJP EFM ;BJEÑO QPS MB FNPUJWJEBE RVF DPOMMFWB

1"3" 7&3-" .&+03 $"--& 10-*/"3*0 : $"33&3" %& -" 7*3(&/

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPS EF MBT JN˔HFOFT &EVBSEP &TQJOPTB

/VFTUSB 4FÕPSB EF MB -V[ QSPDFTJPOB CBKP QBMJP EF UFDIP B[VM DPO NBMMBT EF PSP CPSEBEBT


4FNBOB 4BOUB (SBOBEB

-VOFT 4BOUP -BT DPGSBEÑBT

/VFTUSB 4FÕPSB EF MPT %PMPSFT *(-&4*" 1"33026*"- %& 4"/ 1&%30 : 4"/ 1"#-0 "-#"*$´/ #"+0

B IJTUPSJB EF FTUB )FSNBOEBE TF SFNPOUB B DVBOEP FM 5FSDJP EF 3FRVFUÍT EF *TBCFM -B $BUÖMJDB GVF BMPKBEP FO FM 1BMBDJP EF MPT 5FMMPT KVOUP BM 7FOUPSSJMMP -PT QSPQJFUBSJPT MB GBNJMJB (ÖNF[ EF MBT $PSUJOBT UFOÑBO VOB JNBHFO EF MB %PMPSPTB Z QPS FTF NPUJWP FM SFTQPOTBCMF EF FTUF 5FSDJP 3VCJP .PTDPTP QSPNFUF B MB 7JSHFO RVF DSFBSÆ VOB DPGSBEÑB QBSB EBSMF DVMUP Z QSPDFTJPOBSMB VOB WF[ UFSNJOBEB MB (VFSSB $JWJM -B DPOTUJUVDJÖO EF MBT SFHMBT Z TV QSJNFSB FTUBDJÖO EF QFOJUFODJB TPO EF -B BOUJHVB JNBHFO TF FODVFOUSB FO MB BDUVBMJEBE FO VOB EF MBT NBOTJPOFT RVF QPTFF MB GBNJMJB DFSDB EF 3POEB %F FTUF NPEP MB %PMPSPTB RVF SFDPSSF MBT DBMMFT EF (SBOBEB FT PCSB EF "VSFMJP -ÖQF[ "[BVTUF DVZB JNBHFO GVF CFOEFDJEB FO &M UFNQMP EFTEF FM RVF TBMF FTUB )FSNBO EBE FTUÆ TJUVBEP B MPT QJFT EF MB "MIBNCSB QPS MP RVF TV SFDPSSJEP FO MB $BSSFSB EFM %BSSP TVFMF TFS NVZ FTQFSBEP )BZ RVF EFTUBDBS RVF FO TV GBDIBEB RVF FT PCSB EF 1FESP EF 0SFB FTUÆO MBT BSNBT EFM BS[PCJTQP %PO 1FESP EF $BTUSP

-

&- 1"40 &TUB )FSNBOEBE TPMP DVFOUB DPO FM QBTP EF /VFTUSB 4FÕPSB EF MPT %PMPSFT "VSFMJP -ÖQF[ "[BVTUSF RVF SFQSFTFOUB FM EPMPS EF VOB NBESF BOUF FM TVGSJNJFOUP EF TV IJKP #BKP VO QBMJP EF UFSDJPQFMP DPO CPSEBEPT FO PSP PCSB EF (BSDÑB 1PP EFTUBDB TV DPSB[ÖO EF QMBUP Z QFESFSÑB TJUVBEP FO FM DFOUSP DPO TJFUF QVÕBMFT DMBWBEPT RVF FT VOB EPOBDJÖO EF MB GBNJMJB $POUSFSBT Z 1ÍSF[ EF )FSSBTUJ B MB QBUSPOB EF "SKPOB Z RVF MMFHÖ B MB DJVEBE HSBDJBT B RVF WBSJPT EF MPT IFSNBOPT EF FTUB $PGSBEÑB FSBO EF (SBOBEB -B JNBHFO VOB EF MBT NÆT FNPUJWBT EF MB 4FNBOB 4BOUB HSBOBEJOB WJTUF VO JNQSFTJPOBOUF NBOUP UBNCJÍO EF DPMPS TBMNÖO CPSEBEP FO PSP /07&%"%&4 &TUB $PGSBEÑB RVF FM BÕP QBTBEP ZB DFMFCSÖ TV BOJWFSTBSJP DPO VO BNQMJP QSPHSBNB EF BDUJWJEBEFT UBNCJÍO DVNQMF FTUB 4FNBOB 4BOUB BÕPT EFTEF TV TBMJEB EFTEF MB JHMFTJB QBSSPRVJBM EF 4BO 1FESP Z 4BO 1BCMP "VORVF FTUF BÕP OP DVFOUB DPO FTUSFOPT TJHOJGJDBUJWPT TF IB SFBMJ[BEP FO MPT ÜMUJNPT NFTFT VO USBCBKP FYDFMFOUF FO FM BSSFHMP Z QMBUFBEP EF MPT FOTFSFT BOUJHVPT )BZ RVF EFTUBDBS MB MBCPS TPDJBM RVF MPT IFSNBOPT EF FTUB $PGSBEÑB SFBMJ[BO

1"3" 7&3-" .&+03 4"-*%" %&- 5&.1-0 : $"33&3" %&- %"330

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPS EF MB JNBHFO "VSFMJP -ÎQF[ "[BVTUSF

/VFTUSB 4FÕPSB EF MPT %PMPSFT QSPDFTJPOB CBKP VO QBMJP EF UFSDJPQFMP DPO CPSEBEPT FO PSP


4FNBOB 4BOUB (SBOBEB

-VOFT 4BOUP -BT DPGSBEÑBT

/VFTUSP 1BESF +FTÜT EFM 3FTDBUF *(-&4*" 1"33026*"- %& 4"/5" ."3´" ."(%"-&/" $&/530

TUB DPGSBEÑB OBDF FO CBKP FM OPNCSF EF 1SFOEJNJFOUP EF +FTÜT DPO 3BNÖO $POUSFSBT Z 1ÍSF[ EF )FSSBTUJ DPNP $PGSBEF .BZPS 4JO FNCBSHP OP FT IBTUB DVBOEP MB JNBHFO SFDPSSF MBT DBMMFT EF MB DJVEBE 4VT QSJNFSPT QBTPT MPT EB QPS MB [POB EF 5SJOJEBE Z .BHEBMFOB MMBNBEPT CBSSJPT EF MB %VRVFTB EF 4FTTB FTQPTB EFM (SBO $BQJUÆO %VSBOUF VO UJFNQP FTUB JNBHFO QSPDFTJPOÖ KVOUP B /VFTUSB 4FÕPSB EF MB "GMJDDJÖO 7JSHFO EF MPT $IPDPMBUFSPT Z NÆT UBSEF DPO /VFTUSB 4FÕPSB EF MPT %PMPSFT &O MB BDUVBMJEBE /VFTUSP 1BESF +FTÜT EFM 3FTDBUF FT TV ÜOJDB JNBHFO

&

&- 1"40 -B JNBHFO FTUÆ BUSJCVJEB B MB &TDVFMB EF +PTÍ EF .PSB Z FT EF NBEFSB EF QJOP QPMJDSPNBEB -B )FSNBOEBE VOJEB B MB 0SEFO EF MB 4BOUÑTJNB 5SJOJEBE Z 3FEFODJÖO EF MPT $BVUJWPT DVFOUB DPO VOB EF MBT GJHVSBT NÆT CFMMBT EF MB 4FNBOB 4BOUB HSBOBEJOB RVF NVFTUSB B VO $SJTUP SFTJHOBEP B MB $SV[ USBT TFS UPSUVSBEP WFKBEP Z B[PUBEP -B JNBHFO EF EPMPS FT JONFOTB NJFOUSBT QBSFDF RVF JOUFOUB EBS VO QBTP -B GSBHJMJEBE EF MB GJHVSB FT TPCSFDPHFEPSB &M QBTP RVF QPSUB B +FTÜT FT RVJ[ÆT VOP EF MPT NÆT DPNQMFUPT EF (SBOBEB QPS TV FTUJMP OFPCBSSPDP EF NBEFSB EF DBPCB Z PSGFCSFSÑB EF .BOVFM EF 3ÑPT DPO MB SJRVF[B EF QMBUB %FTUBDB FM SFMJDBSJP EF 4BO +VBO EF %JPT VOP EF MPT TBOUPT NÆT RVFSJEPT Z DPQBUSÖO EF MB DJVEBE &M QBTP FT EF UBM CFMMF[B Z DMBTF RVF IB TJEP VUJMJ[BEP FO DPOUBEBT PDBTJPOFT QBSB USBTMBEBS MPT SFTUPT EFM TBOUP EFTEF TV #BTÑMJDB B MB $BUFESBM &M MMBNBEPS SFQSFTFOUB B VO ÆOHFM DPO MBT BMBT FYUFOEJEBT NJFOUSBT UPDB VOB USPNQFUB /07&%"%&4 -B $PGSBEÑB IB SFBMJ[BEP FTUF BÕP VO FTGVFS[P FO MB JOWFTUJHBDJÖO TPCSF FM PSJHFO EF MB 5ÜOJDB 1FSTB RVF QPESÑB TFS PCSB EF +VBO .BOVFM 3PESÑHVF[ 0KFEB "EFNÆT DVFOUB DPO VOB OVFWB $BTB EF )FSNBOEBE &M BDPNQBÕB NJFOUP NVTJDBM EF /VFTUSP 1BESF +FTÜT EFM 3FTDBUF DPSSFSÆ FTUF BÕP B DBSHP EF MB #BOEB EF 4BOUB .BSÑB .BHEBMFOB EFM "SBIBM EF 4FWJMMB Z MB CBOEB EF DBCFDFSB TFSÆ MB "HSVQBDJÖO .VTJDBM 7JSHFO EF MBT "OHVTUJBT EF (SBOBEB %FTUBDBS MB MBCPS FO PCSBT EF DBSJEBE Z TPDJBM RVF SFBMJ[B FTUB )FSNBOEBE ZB RVF FT VOB EF MBT NÆT BDUJWBT EF MB DJVEBE

1"3" 7&3-" .&+03 4"-*%" %& 46 5&.1-0 : $"--& "-)ʂ/%*("

"̤P EF GVOEBDJ̬O IFSNBOPT DPSUFKP /͔NFSP EF QBTPT "VUPS EF MB JNBHFO &TDVFMB +PTÄ EF .PSB

-B JNBHFO FTUÆ BUSJCVJEB B MB &TDVFMB EF +PTÍ EF .PSB Z FT EF NBEFSB EF QJOP QPMJDSPNBEB


4FNBOB 4BOUB (SBOBEB

-VOFT 4BOUP -BT DPGSBEÑBT

0SBDJÖO EF /VFTUSP 4FÕPS FO FM )VFSUP EF MPT 0MJWPT Z .BSÑB 4BOUÑTJNB EF -B "NBSHVSB *(-&4*" %& -"4 $0.&/%"%03"4 %& 4"/5*"(0 3&"-&+0

M OBDJNJFOUP EF FTUB )FSNBOEBE IBZ RVF CVTDBSMP FO FM TJHMP 97* FO VO QFRVFÕP NPSBCJUP TJUVBEP FO MBT DFSDBOÑBT EF MB BDUVBM BWFOJEB $FSWBOUFT "RVÑ TF DPOTUSVZÖ MB JHMFTJB EF 4BO "OUÖO EPOEF MPT MBCSJFHPT EF MB [POB JCBO B PSBS BOUF FM 4FÕPS 0SBOUF EFM )VFSUP %FTEF FOUPODFT Z IBTUB MB GFDIB MB )FSNBOEBE IB QBTBEP QPS JOOVNFSBCMFT TJUVBDJPOFT RVF TF FTUBCJMJ[BO FO DPO MB SFDVQFSBDJÖO EF MB BEWPDBDJÖO QPS VO HSVQP EF DPGSBEFT EF MB QBSSPRVJB EF 4BOUB &TDPMÆTUJDB 6OP EF MPT NPNFOUPT NÆT FNPUJWPT GVF TV WJBKF B 5JFSSB 4BOUB FO QBSB MPT QSFQBSBUJWPT EF MB $PSPOBDJÖO $BOÖOJDB EF .BSÑB 4BOUÑTJNB EF MB "NBSHVSB FM EF NBZP EFM BÕP QBTBEP Z DVZB DPSPOB GVF FODBSHBEB B "MCFSUP 2VJSÖT

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-04 1"404 +FTÜT PSBOEP FO FM )VFSUP EF MPT 0MJWPT Z B TV FTQBMEB VO ÆOHFM FT MB FTDFOB QSJODJQBM EF FTUF QBTP RVF TF DPNQMFUB DPO MPT EPSNJEPT BQÖTUPMFT 4BOUJBHP +VBO Z 1FESP -B PCSB EF %PNJOHP 4ÆODIF[ .FTB NVFTUSB FM EPMPS EF +FTÜT NJFOUSBT SF[B B TV 1BESF &M DPOKVOUP QSPDFTJPOB TPCSF QBTP EJTFÕBEP QPS "OUPOJP .BSUÑO 'FSOÆOEF[ Z UBMMB EF 'SBODJTDP #BJMBD DPO MB QPMJDSPNÑB EF +VTUJOJBOP 4ÆODIF[ %FTUBDB TV HSBO FTUJMP CBSSPDP DPO GJHVSBT DPNP MPT ÆOHFMFT EF TV DBQJMMB GSPOUBM %FUSÆT .BSÑB 4BOUÑTJNB EF MB "NBSHVSB EF MB &TDVFMB EF .PSB FO VO HSBO QFOBS -B .BESF DPO TVGSJNJFOUP JONFOTP TJHVF B TV IJKP CBKP QBMJP EF UFDIP DPMPS B[VM DPO PSGFCSFSÑB EF .PSFOP Z .BOVFM EF MPT 3ÑPT FO FM RVF BQBSFDFO QSFDJPTPT ÆOHFMFT QMBUFBEPT /07&%"%&4 -B )FSNBOEBE FTUSFOB FTUF BÕP FM FTUBOEBS UF RVF IB TJEP CPSEBEP QPS MBT NBESFT $PNFOEBEPSBT EF 4BOUJBHP BVORVF ZB TF QVEP BENJSBS EVSBOUF MB $PSPOB DJÖO &M BÕP QBTBEP MB 7JSHFO EF MB "NBSHVSB MVDJÖ VO OVFWP UFDIP EF QBMJP RVF UBNCJÍO GVF CPSEBEP FO UFSDJPQFMP DPO VO EJTFÕP EF +VBO %ÑB[ -PTBEB &M QBTP EF MBT JNÆHFOFT QPS MB DBMMF 4BOUJBHP FT VOP EF MPT NPNFOUPT NÆT FNPUJWPT Z EF NBZPS SFDPHJNJFOUP

1"3" 7&3-" .&+03 $"--& 4"/5*"(0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT EF MBT JN˔HFOFT % 4¼ODIF[ .FTB Z & +PTÄ EF .PSB

-B PCSB EF %PNJOHP 4ÆODIF[ .FTB NVFTUSB FM EPMPS EF +FTÜT NJFOUSBT SF[B B TV QBESF


4FNBOB 4BOUB (SBOBEB

-VOFT 4BOUP -BT DPGSBEÑBT

4 $SJTUP EF 4BO "HVTUÑO +FTÜT /B[BSFOP EF MBT 1FOBT /USB .BESF Z 4SB EF MB $POTPMBDJÖO Z 4BOUP ©OHFM $VTUPEJP *(-&4*" %&- .0/"45&3*0 4"/50 ©/(&- $6450%*0 $&/530

PT DPNJFO[PT EF FTUB )FSNBOEBE TF SFNPOUBO FO TVT PSÑHFOFT B MB EFM 4BOUP $SVDJGJKP EF RVF TPMP QPEÑB FTUBS GPSNBEB QPS IPNCSFT FO NFNPSJB EF MPT BQÖTUPMFT Z EJTDÑQVMPT EF +FTÜT 'VF FO DVBOEP TF VOF B FMMB MB "TPDJBDJÖO EF 4FÕPSBT EFM 4BOUP $SVDJGJKP 4V OBDJNJFOUP FTUÆ MJHBEP B MBT SPHBUJWBT RVF MPT HSBOBEJOPT SFBMJ[BCBO B 4BO "HVTUÑO QPS MP RVF GVF OPNCSBEP 4BHSBEP 1SPUFDUPS EF MB $JVEBE EF (SBOBEB 4V OPNCSF BDUVBM Z TVT SFHMBT TPO BQSPCB EBT FO Z SFOPWBEBT FO Z -B FTUBDJÖO EF QFOJUFO DJB MB SFBMJ[B DPO FM 4BOUÑTJNP $SJTUP EF 4BO "HVTUÑO EFTEF Z DPO /VFTUSB .BESF Z 4FÕPSB EF MB $POTPMBDJÖO EFTEF &TUB )FSNBOEBE IB DBNCJBEP WBSJBT WFDFT EF TFEF MB BDUVBM MB PDVQB EFTEF

-

-04 1"404 -BT NFEJEBT EFM $SJTUP EF 4BO "HVTUÑO NVFTUSBO TV HSBOEF[B DPO DFOUÑNFUSPT $PO FM DVFSQP TPMP DVCJFSUP QPS VO TVEBSJP MB NVFSUF EF $SJTUP NBSDB FTUF QBTP SFBMJ[BEP QPS FM BSUJTUB JUBMJBOP +BDPCP 'MPSFOUJOP 5SFT DMBWPT TVKFUBO B $SJTUP RVF TF SFQSFTFOUB DPO NFMFOB OBUVSBM -B JNBHFO QSPDFTJPOB FO QBTP DPO FCBOJTUFSÑB EF .BOVFM $BCBMMF SP F JNÆHFOFT EF MB QBTJÖO FO TVT DBSUFMBT SFBMJ[BEBT QPS 3BNPT &TQJOPTB -PT CPSEBEPT EF QMBUB FO NBMMB EF %VCÍ EF -VRVF TPO EJHOPT EF BENJSBDJÖO BTÑ DPNP FM SFMJDBSJP EF 4BO +VBO EF %JPT -P TJHVF FO JONFOTP EPMPS /VFTUSB .BESF Z 4FÕPSB EF MB $POTPMBDJÖO CBKP QBMJP QSPEVDUP EF MB EPOBDJÖO RVF MBT $MBSJTBT IJDJFSPO EFM 1BÕP 'VOEBDJPOBM EFM $POWFOUP EFM ©OHFM $VTUPEJP FO MPT UBMMFSFT EF 'FMJDJUBDJÖO (BWJFSP -B JNBHFO PCSB EF %VCÍ EF -VRVF WB BDPNQBÕBEB QPS .BSÑB .BHEBMFOB Z 4BO +VBO &WBOHFMJTUB GPSNBOEP MB 4BDSB $POWFSTBDJÖO /07&%"%&4 -B )FSNBOEBE FTUÆ DFOUSBEB FTUF BÕP FO FM BOJWFSTBSJP EF /VFTUSB .BESF Z 4FÕPSB EF MB $POTPMBDJÖO QPS MP RVF UPEPT MPT FTGVFS[PT TF IBO EFTUJOBEP B QSPHSBNBS MBT BDUJWJEBEFT EF UBO GFMJ[ BDPOUFDJNJFOUP "EFNÆT FTUF BÕP IBO JOUFOTJGJDBEP MBT PCSBT EF DBSJEBE Z TV MBCPS TPDJBM

1"3" 7&3-" .&+03 4"-*%" : 3&(3&40 " 46 5&.1-0

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&M $SJTUP EF 4BO "HVTUÑO QSPDFTJPOB DPO FM DVFSQP TPMP DVCJFSUP QPS VO TVEBSJP



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3FBM $PGSBEÑB EF /VFTUSB 4FÕPSB EF MPT %PMPSFT 4"-*%"

$PGSBEÑB EF /VFTUSP 1BESF +FTÜT EFM 3FTDBUF &/53"%"

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5FNQMP 1MB[B /VFWB 1BWBOFSBT 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM $¼SDFM #BKB 1MB[B /VFWB $BSSFSB EFM %BSSP $SV[ (VÈB FO 5FNQMP 1BTP 7JSHFO

4"-*%"

$PGSBEÑB EF MB 0SBDJÖO EF /VFTUSP 4FÕPS FO FM )VFSUP EF MPT 0MJWPT Z .BSÑB 4BOUÑTJNB EF MB "NBSHVSB 4"-*%"

4BOUÑTJNP $SJTUP EF 4BO "HVTUÑO +FTÜT /B[BSFOP EF MBT 1FOBT /USB .BESF Z 4SB EF MB $POTPMBDJÖO Z 4BOUP ©OHFM $VTUPEJP &/53"%"

&/53"%"

4"-*%"

&/53"%"

5FNQMP .PMJOPT 4BOUB &TDPM¼TUJDB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1BWBOFSBT 1MB[B EF 'PSUVOZ $SV[ (VÈB FO FM 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"


4FNBOB 4BOUB (SBOBEB

.BSUFT 4BOUP %& ."3;0 4BOUÑTJNP $SJTUP EF MB -BO[BEB Z .BSÑB 4BOUÑTJNB EF MB $BSJEBE *(-&4*" 1"33026*"- %& /53" 4&¸03" %& -04 %0-03&4 ;"*%´/

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6

&- 1"40 -B QSJNFSB JNBHFO FT EF +FTÜT .VFSUP FO MB $SV[ TVGSJFOEP UPEP UJQP EF NBSUJSJP JODMVJEB MB IFSJEB EF VOB MBO[B RVF QPSUB FM TPMEBEP SPNBOP -POHJOPT "OUPOJP #BSCFSP (PS BVUPS EF FTUB JNBHFO EF IB MPHSBEP SFGMFKBS FM NPNFOUP EF MB NVFSUF EF VO $SJTUP RVF TF FOGSFOUB B FMMB FO QB[ DPO USBORVJMJEBE &M QBTP FTUÆ SFBMJ[BEP FO MPT UBMMFSFT DPSEPCFTFT EF $SJTUÖCBM $VCFSP Z IBZ RVF BENJSBS MPT ÆOHFMFT EF TVT FTRVJOBT " FTUB JNBHFO MB TJHVF MB EF MB .BSÑB 4BOUÑTJ NB EF MB $BSJEBE EF .JHVFM ;ÜÕJHB /BWBSSP RVF MVDF VO NBOUP EF UFSDJPQFMP CVSEFPT &M QBTP FT EF MPT UBMMFSFT EF 3BNÖO -FÖO DPO NBHOÑGJDPT SFTQJSBEFSPT /07&%"%&4 -B )FSNBOEBE EF MB -BO[BEB FTUÆ JONFSTB FO FM USJHÍTJNP BOJWFSTBSJP EF MB CFOEJDJÖO EF MB 7JSHFO EF MB $BSJEBE QPS MP RVF IB QSFQBSBEP VO BNQMJP QSPHSBNB EF BDUJWJEBEFT FOUSF MBT RVF TF FODVFOUSBO FO FM NFT EF PDUVCSF VO .BSBUÖO QPS MB $BSJEBE VOB TBMJEB FO SPTBSJP WFTQFSUJOB Z VOB FYQPTJDJÖO "EFNÆT TVT NJFNCSPT IBO BQSPCBEP MB SFBMJ[BDJÖO EF VOB OVFWB TBZB QBSB .BSÑB 4BOUÑTJNB EF MB $BSJEBE &TUF BÕP MB $PGSBEÑB UBNCJÍO IB FTUSFOBEP VOB OVFWB TFEF KVOUP B TV QBSSPRVJB FO MB RVF TF IB QVFTUP FO NBSDIB VOB MVEPUFDB Z TF IBO BQBESJOBEP EPT GBNJMJBT NÆT QPS MP RVF ZB TPO DJODP MBT GBNJMJBT RVF TPO BZVEBEBT FO MBT OFDFTJEBEFT NÆT CÆTJDBT QPS FTUB )FSNBOEBE "TJNJTNP FM EÑB EF NBS[P MB (VBSEJB $JWJM EF 5SÆGJDP TFSÆ MB FODBSHBEB EF FOUSPOJ[BS B TV QBUSÖO FM $SJTUP EF MB -BO[BEB

1"3" 7&3-" .&+03 16&/5& 30."/0 : 4"/ ."5ɝ"4

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4FNBOB 4BOUB (SBOBEB

.BSUFT 4BOUP -BT DPGSBEÑBT

4BOUP 7ÑB $SVDJT 1BESF +FTÜT EF MB "NBSHVSB .BSÑB 4 EF -BT -ÆHSJNBT Z /USB 4FÕPSB EF MPT 3FZFT *(-&4*" %& 4"/ +6"/ %& -04 3&:&4 "-#"*$´/

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1"3" 7&3-" .&+03 4"/ +6"/ %& -04 3&:&4

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT EF MBT JN˔HFOFT +PTÄ EF .PSB Z "OUPOJP "TFOTJP

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4FNBOB 4BOUB (SBOBEB

.BSUFT 4BOUP -" 4&."/" 4"/5" &/ *.©(&/&4

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4FNBOB 4BOUB (SBOBEB

.BSUFT 4BOUP -BT DPGSBEÑBT

/VFTUSP 1BESF +FTÜT EFM (SBO 1PEFS Z /VFTUSB 4FÕPSB EF MB &TQFSBO[B *(-&4*" 1"33026*"- %& 4"/ (*- : 4"/5" "/" "-#"*$´/ #"+0 $&/530

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-

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1"3" 7&3-" .&+03 $"--& &7*3" : 4"-*%" %& 46 5&.1-0

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4FNBOB 4BOUB (SBOBEB

.BSUFT 4BOUP -BT DPGSBEÑBT

4FÕPS EF MB )VNJMEBE 4PMFEBE EF /USB 4FÕPSB Z %VMDF /PNCSF EF +FTÜT *(-&4*" %& 4"/50 %0.*/(0 3&"-&+0

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1"3" 7&3-" .&+03 3&(3&40 103 +&4ʰ4 : ."3ɝ"

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-B JNBHFO EF UBMMB DPNQMFUB EF MB 4PMFEBE EF /VFTUSB 4FÕPSB FTUÆ SFBMJ[BEB QPS .BOVFM (PO[ÆMF[


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4BOUP 7ÑB $SVDJT /B[BSFOPT EF /USP 1BESF +FTÜT EF MB "NBSHVSB . 4BOUÑTJNB EF MBT -ÆHSJNBT Z /USB 4FÕPSB EF MPT 3FZFT

&/53"%"

&/53"%"

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4"-*%"

3FBM )FSNBOEBE Z $PGSBEÑB EF /B[BSFOPT EF /VFTUSP 1BESF +FTÜT EFM (SBO 1PEFS Z /VFTUSB 4SB EF MB &TQFSBO[B

$PGSBEÑB EFM 4FÕPS EF MB )VNJMEBE 4PMFEBE EF /VFTUSB 4FÕPSB Z %VMDF /PNCSF EF +FTÜT

&/53"%"

&/53"%"

5FNQMP $PMDIB 1MB[B 4BO +VBO EF MB $SV[ 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB 4BOUB *HMFTJB $BUFESBM #BSBUJMMPT &MWJSB 1MB[B EF 4BOUB "OB $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

5FNQMP 1BWBOFSBT 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB 4BOUB *HMFTJB $BUFESBM 1MB[B *TBCFM MB $BUÎMJDB +FTÕT Z .BSÈB 1MB[B 4BOUP %PNJOHP $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

4"-*%"

4"-*%"



4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP %& ."3;0 4BOUÑTJNP $SJTUP EFM $POTVFMP Z .BSÑB 4BOUÑTJNB EFM 4BDSPNPOUF "#"%´" %&- 4"$30.0/5& 4"-*%" *(-&4*" %&- 4"(3"%0 $03";¹/ %& +&4¿4 $&/530

B DPOPDJEB DPNP -PT (JUBOPT FT VOB EF MBT )FSNBOEBEFT NÆT RVFSJEBT EF MB DJVEBE MB ÜOJDB QSPDFTJÖO RVF SFDPSSF MBT DBMMFT EFM 4BDSPNPOUF Z EF MBT RVF NÆT UBSEF TF FODJFSSB 4F GVOEÖ FO NBZP EF Z TV SFVOJÖO PGJDJBM MB UVWP FO KVOJP EF FTF NJTNP BÕP EPOEF TF FMJHJÖ DPNP )FSNBOP .BZPS $POTJMJB SJP B +JNÍOF[ $BTRVFU 4V QSJNFSB TBMJEB QSPDFTJPOBM UVWP MVHBS VO BÕP EFTQVÍT EFTEF MB BCBEÑB 4V SFHSFTP IBTUB BMUBT IPSBT EF MB NBESVHBEB QPS MBT DBMMFT SPEFBEB EF IPHVFSBT DBOUF Z CBJMF MB IBO DPOWFSUJEP FO VO SFGFSFOUF &TQFDJBMNFOUF FNPUJWP FT FM FODVFOUSP EF MB 7JSHFO Z FM $SJTUP DPO MB "MIBNCSB JMVNJOBEB BM GPOEP NJFOUSBT DFOUFOBSFT EF GJFMFT MPT WJUPSFBO

-

-04 1"404 -B JNBHFO RVF SFDPSSF MBT DBMMFT EF (SBOBEB FT VOB SÍQMJDB SFBMJ[BEB QPS .JHVFM ;ÜÕJHB /BWBSSP FO EF MB NBHOÑGJDB PCSB EF +PTÍ 3JTVFÕP RVF EBUB BQSPYJNBEB NFOUF EF -B JNBHFO SFQSFTFOUB B $SJTUP DSVDJGJDBEP FO MB $SV[ VTBOEP DVBUSP DMBWPT DPO VOB DPSPOB EF FTQJOBT DPO MB DBCF[B MJHFSBNFOUF MBEFBEB Z CBSCJMMB IVOEJEB 4V QBÕP EF QVSF[B SFTBMUB TPCSF MBT UPOBMJEBEFT WFSEPTBT Z PDSFT EF TV DVFSQP 1SPDFTJPOB TPCSF QBTP DPO DBOBTUJMMB EF GPSNB QJSBNJEBM EPSBEP EF NBEFSB UBMMBEP QPS .BSÑO -ÖQF[ FO FM RVF BQBSFDFO ÖMFPT EF -ÖQF[ .BSÑO KVOUP B MBT SFQSFTFOUB DJPOFT EFM QBUSÖO EF (SBOBEB 4BO $FDJMJP 4BO )JTDJP Z 4BO 5FTJGÖO -P TJHVF 4BOUB .BSÑB EFM 4BDSPNPOUF EF .BOVFM (PO[ÆMF[ TJHMP 97*** FO VO QBTP EF DPCSF TBMJEP EF MPT UBMMFSFT EF 3ÑPT #SJIVFHB Z .BSUÑO CBKP VO QBMJP EF UFSDJPQFMP NPSBEP DPO CPSEBEPT EF PSP /07&%"%&4 -B $PGSBEÑB MMFWB WBSJPT BÕPT JONFSTB FO VO QBTP OVFWP QBSB FM 4BOUÑTJNP $SJTUP EFM $POTVFMP DVZB PCSB FTUÆ TJFOEP SFBMJ[BEB QPS FM BSUJTUB +PTÍ $BSMPT 3VCJP 1PS FTUF NPUJWP MB )FSNBOEBE OP FTUSFOB OBEB OVFWP ZB RVF UPEPT TVT FTGVFS[PT TF IBO DFOUSBEP FO MB SFBMJ[BDJÖO EF FTUF QSPZFDUP "EFNÆT MBT MBCPSFT EFM FDPOPNBUP Z MBT PCSBT EF DBSJEBE TF IBO WJTUP BVNFOUBEBT FO MPT ÜMUJNPT BÕPT EFCJEP B MB TJUVBDJÖO FDPOÖNJDB -B $PGSBEÑB DVNQMJÖ TV BOJWFSTBSJP FM QBTBEP BÕP

1"3" 7&3-" .&+03 4"-*%" 5&.1-0 : 46#*%" $6&45" $)"1*;

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT EF MBT JN˔HFOFT + 3JTVFÌP Z .BOVFM (PO[¼MF[

&TQFDJBMNFOUF FNPUJWP FT FM FODVFOUSP EF MBT JNÆHFOFT DPO MB "MIBNCSB BM GPOEP JMVNJOBEB


4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP -" 4&."/" 4"/5" &/ *.©(&/&4

.BSÑB 4BOUÑTJNB EF -B .FSDFE FO FM 3FBMFKP &M CBSSJP EFM 3FBMFKP TF WJTUF EF HBMB DBEB BÌP QBSB WFS FO TVT DBMMFT B MB )FSNBOEBE EF /VFTUSP 1BESF +FTÕT /B[BSFOP Z .BSÈB 4BOUÈTJNB EF MB .FSDFE -B 7JSHFO DPO MB NJSBEB QFSEJEB Z TVT EPT IFSNPTPT PKPT CBKBEPT FT FM GJFM SFGMFKP EF VOB NBESF SPUB QPS FM EPMPS BOUF FM QBEFDFS EF TV IJKP -B )FSNBOEBE FTUSFOBS¼ FTUF .JÄSDPMFT 4BOUP MB NBSDIB m.BSÈB 4BOUÈTJNB EF MB .FSDFEn DPNQVFTUB QPS FM NBFTUSP 'SBODJTDP )JHVFSP -B DBMMF 1BWBOFSBT FT VO CVFO MVHBS QBSB BENJSBS B TVT EPT JN¼HFOFT '050 +04¤ 7&-"4$0


4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP -BT DPGSBEÑBT

&TDMBWJUVE EFM 4BOUÑTJNP 4BDSBNFOUP Z /USP 4FÕPS EF MB .FEJUBDJÖO Z .BSÑB 4BOUÑTJNB EF MPT 3FNFEJPT *(-&4*" 1"33026*"- %& -04 4"/504 .©35*3&4 +6450 : 1"4503 $&/530

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'

&- 1"40 /VFTUSP 4FÕPS EF MB .FEJUBDJÖO FT MMBNBEP DBSJÕPTBNFOUF &M 4FOUBÑMMP BM FTUBS TFOUBEP TPCSF VOB HSBO QJFESB -B JNBHFO BOÖOJNP EFM TJHMP 97** 97*** NVFTUSB FM NPNFOUP BOUFSJPS B MB DSVDJGJYJÖO FO FM RVF +FTÜT FTUÆ FTQFSBOEP FO FM .POUF (ÖMHPUB DPO MB SFGMFYJÖO Z FM EPMPS FO TV NJSBEB NJFOUSBT BQPZB TV DBCF[B TPCSF MB NBOP EFSFDIB 1SPDFTJPOB TPCSF QBTP EF NBEFSB EF FTUJMP OFPCBSSPDP DPO EPSBEPT PCSB EFM BSUJTUB .PSFOP $BSSBTDP -B 6OJWFSTJEBE EF (SBOBEB MF EPOÖ MB DBSUFMB DFOUSBM EPOEF MVDF TV FTDVEP 5BNCJÍO IBZ RVF EFTUBDBS TVT IPKBT EF BDBOUP -B PUSB UJUVMBS EF FTUB )FSNBOEBE FT .BSÑB 4BOUÑTJNB EF MPT 3FNFEJPT EF *TSBFM $PSOFKP EPOBEB FO QPS FM $PMFHJP EF "ENJOJTUSBEP SFT EF 'JODBT EF (SBOBEB -B JNBHFO NVFTUSB B VOB %PMPSPTB DPO MPT PKPT WFSEFT PTDVSPT EF MPT RVF DBFO TJFUF MÆHSJNBT /07&%"%&4 -B HSBO OPWFEBE EF FTUB )FSNBOEBE FT RVF .BSÑB 4BOUÑTNB EF MPT 3FNFEJPT QSPDFTJPOB QPS QSJNFSB WF[ FO .JÍSDPMFT 4BOUP Z BEFNÆT FTUSFOB TV QBTP EF QBMJP BTÑ DPNP FM 4JNQFDBEP Z MB CBOEFSB DPODFQDJPOJTUB %FTUBDBS RVF FTUF BÕP FM OÜNFSP EF OB[BSFOPT IB DSFDJEP Z RVF BEFNÆT EF TVT DJFO DPTUBMFSBT Z DPTUBMFSPT IBZ VOBT NBOUJMMBT -B QBTBEB 4FNBOB 4BOUB FM QBTP EF /VFTUSP 4FÕPS EF MB .FEJUBDJÖO FTUSFOÖ GBMEPOFT Z TF FMFWÖ MFWFNFO UF %FTUBDBCMF FT MB MBCPS RVF SFBMJ[BO FTUPT IFSNBOPT QBSB SFDPSSFS DBEB BÕP MBT DBMMFT EF MB DJVEBE

1"3" 7&3-" .&+03 $"--& &4$6&-"4 " 46 3&(3&40

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DPTUBMFSBT "VUPS EF MB JNBHFO "OÎOJNP F *TSBFM $PSOFKP

-B 6OJWFSTJEBE EF (SBOBEB EPOÖ B FTUB )FSNBOEBE MB DBSUFMB DFOUSBM EPOEF MVDF TV FTDVEP


4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP -BT DPGSBEÑBT

"QÖTUPM 4BO .BUÑBT Z /VFTUSP 1BESF +FTÜT EF MB 1BDJFODJB Z .BSÑB 4BOUÑTJNB EF MBT 1FOBT *(-&4*" %& 4"/ ."5´"4 3&"-&+0

BT DPGSBEÑBT EF 1BDJFODJB Z 1FOBT Z MB EFM "QÖTUPM 4BO .BUÑBT TF GVTJPOBSPO FO NBS[P EF "VORVF MB IJTUPSJB EF MB QSJNFSB EBUB EF KVOUP BM QÆSSPDP +VMJP "OFBT .BESF &TUB )FSNBOEBE BEFNÆT FT VOB EF MBT QJPOFSBT EFM NPWJNJFOUP DPTUBMFSP KVOUP DPO -B $PODIB RVF QSPDFTJPOB FM +VFWFT 4BOUP -B TFHVOEB $PGSBEÑB GVTJPOBEB FT EFM TJHMP 97* DVBOEP TF NBOEÖ DPOTUSVJS MB JHMFTJB EF 4BO .BUÑBT $PNP )FSNBOPT .BZPSFT )POPSBSJPT FTUÆO FM "ZVOUBNJFOUP EF MB DJVEBE Z MB %JQVUBDJÖO EF (SBOBEB

-

-04 1"404 -B JNBHFO EF /VFTUSP 1BESF +FTÜT EF MB 1BDJFODJB FT VOB PCSB EF 1BCMP EF 3PKBT TJHMP 97* RVF QSPWJFOF EFM )PTQJUBM EF 4BO -Æ[BSP 3FQSFTFOUB B $SJTUP BUBEP B VOB DPMVNOB FO FM NPNFOUP EF MB GMBHFMBDJÖO &M BVUPS TVQP NPTUSBS FM HSBO EPMPS Z MB SFTJHOBDJÖO EF +FTÜT VTBOEP VOPT PKPT FYQSFTJWPT Z VOB CPDB NFEJP BCJFSUB 1SPDFTJPOB TPCSF QBTP OFPCBSSPDP FO DVZP GSPOUBM MVDFO MPT FTDVEPT EF MB )FSNBOEBE Z EFM "ZVOUBNJFOUP EF (SBOBEB EPOBEP QPS FTUB JOTUJUVDJÖO %FTUBDBO MPT ÖWBMPT BÕBEJEPT FO MPT ÜMUJNPT BÕPT PCSB EF "OUPOJP -ÖQF[ "MPOTP -B .BSÑB 4BOUÑTJNB EF MBT 1FOBT EFM BSUJTUB +PTÍ +JNÍOF[ .FTB MP TJHVF CBKP QBMJP SFBMJ[BEP QPS 'FSOÆOEF[ Z &OSÑRVF[ EF #SFOFT EF 4FWJMMB -B %PMPSPTB MMFWB DJODP MÆHSJNBT EF DSJTUBM Z QFMVDB EF QFMP OBUVSBM BTÑ DPNP QFTUBÕBT QPTUJ[BT RVF MF EBO HSBO SFBMJTNP /07&%"%&4 -B )FSNBOEBE DPNQMFUB FTUF BÕP MPT KVFHPT EF EBMNÆUJDBT RVF ZB JOJDJÖ FO "EFNÆT EF MB SFTUBVSB DJÖO EF MB JNBHFO EF .BSÑB 4BOUÑTJNB EF MBT 1FOBT QPS FM BSUJTUB -VJT ©MWBSF[ %VBSUF $PNP PUSPT BÕPT MB CBOEB EF MB 7JSHFO EF MB &TUSFMMB BDPNQBÕBSÆ BM QBTP EF .JTUFSJP -B BHSVQBDJÖO EF 4BO *TJESP EF "SNJMMB MP IBSÆ DPO MB 7JSHFO RVF FTUF .JÍSDPMFT 4BOUP FTUSFOBSÆ EPT NBSDIBT FO TV IPOPS A1FOBT FO 4BO .BUÑBT Z A&NQFSBUSJ[ EFM 3FBMFKP &O DVBOUP B MPT IÆCJUPT FM DBNCJP EF SBTP B UFSDJPQFMP Z TBSHB ZB TF IB DPNQMFUBEP

1"3" 7&3-" .&+03 1-"$&5" (*30/&4 : 4"-*%" %& 46 5&.1-0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT EF MBT JN˔HFOFT 1BCMP EF 3PKBT Z +PTÄ +JNÄOF[ .FTB

-B CBOEB EF 4BO *TJESP EF "SNJMMB FTUSFOBSÆ FTUF .JÍSDPMFT 4BOUP EPT NBSDIBT FO IPOPS B MB 7JSHFO


4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP -BT DPGSBEÑBT

1BESF +FTÜT EF MBT 5SFT $BÑEBT Z /VFTUSB 4FÕPSB EFM 3PTBSJP *(-&4*" %& 4"/50 %0.*/(0 3&"-&+0

B $PGSBEÑB TF GPSNB FO BVORVF OP FT IBTUB FM EF KVMJP EF DVBOEP FM "S[PCJTQP "HVTUÑO 1BSSBEP BQSVFCB TVT QSJNFSBT SFHMBT -B QSFTFODJB EFM QSJNFS QBTP EF VO $SJTUP GVF FO EF MB NBOP EF 1BCMP EF 3PKBT DPO MB JNBHFO EFM )PTQJUBM EF 4BO -Æ[BSP +FTÜT EF MBT 5SFT $BÑEBT MMFHBSÑB FO USBT QBTBS QPS MB EFOPNJOBEB )FSNBOEBE EF MPT $PDIF SPT &O MB BDUVBMJEBE MB JNBHFO TF QVFEF WFOFSBS FO MB JHMFTJB EF 4BOUB *TBCFM &M BÕP UBNCJÍO GVF FTFODJBM QPS MB $PSPOBDJÖO $BOÖOJDB EF MB 7JSHFO EFM 3PTBSJP

-

-04 1"404 $PO VOB NFMFOB OBUVSBM FM 1BESF +FTÜT EF MBT 5SFT $BÑEBT EF BVUPS BOÖOJNP SFQSFTFOUB FM NPNFOUP FO FM RVF $SJTUP TF DBF NJFOUSBT MMFWB MB $SV[ DBNJOP EFM $BMWBSJP &M DPOKVOUP MP DPNQMFUBO 4JNÖO EF $JSFOF RVF MP BZVEB Z VO SPNBOP MPT EPT PCSB EF "OUPOJP #FSOBM &M DPOKVOUP FT QPSUBEP QPS VO QBTP EF NBEFSB EF .BOVFM (V[NÆO #FKBSBOP DPO VO SFTQJSBEFSP FO MPT RVF TF QVFEFO BENJSBS MPT FTDVEPT EF MBT ÖSEFOFT GSBODJTDBOBT Z EPNJOJDBOBT BTÑ DPNP WBSJBT DBCF[BT EF ÆOHFMFT /VFTUSB 4FÕPSB EFM 3PTBSJP MP TJHVF DPO HSBO QFOBS CBKP VO QBMJP EF UFSDJPQFMP SPKP CPSEBEP FO FM RVF EFTUBDBO TVT EPDF SPTBSJPT -B PCSB FT EF .JHVFM ;ÜÕJHB Z SFTUBVSBEB QPTUFSJPSNFOUF QPS 5BMMFS EF )FSOÆOEF[ -FÖO EF 7JMMBSFBM -B JNBHFO GVF NÆT UBSEF SFNPEFMBEB QPS FM UBMMFS EF "OUPOJP #FSOBM QBSB SFBMJ[BS VOB OVFWBT NBOPT FO MBT RVF QPSUB EPT SPTBSJPT -PT SFTQJSBEFSPT TPO EF MB 0SGFCSFSÑB EF 5SJBOB Z MPT FMFNFOUPT EF WBSBMFT Z KBSSBT EF .BOVFM EF MPT 3ÑPT &M USBKF EF MPT NJFNCSPT EF FTUB $PGSBEÑB MMFWB DBQB CMBODB Z DÑOHVMP NPSBEP /07&%"%&4 -B )FSNBOEBE TJHVF JONFSTB FO FM CPSEBEP EF MB UÜOJDB EF /VFTUSP 1BESF +FTÜT EF MBT 5SFT $BÑEBT &TUF BÕP FTUSFOBSÆ VO QBS EF CPDJOBT EF $SJTUP PCSBT EFM PSGFCSF "MCFSUP 2VJSÖT DPO EJTFÕP EF ©MWBSP "CSJM &M (VJÖO $POTUJUV DJPOBM TF FTUSFOÖ IBDF EPT BÕPT BM JHVBM RVF MB MMBNBEB CBDBMÆ RVF GVF CPSEBEB FO MPT UBMMFSFT EF +FTÜT "SDP -B FOUSBEB Z TBMJEB EF MBT JNÆHFOFT EF FTUB $PGSBEÑB TPO NVZ FNPUJWBT QPSRVF TVFMF JOUFSQSFUBSTF MB 4BMWF .BSJOFSB

1"3" 7&3-" .&+03 &/53"%" : 4"-*%" %& 4"/50 %0.*/(0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT EF MBT JN˔HFOFT "OJNP Z .JHVFM ;ÕÌJHB

-B JNBHFO SFQSFTFOUB FM NPNFOUP FO FM RVF +FTÜT TF DBF DBNJOP EFM $BMWBSJP


4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP -BT DPGSBEÑBT

/VFTUSP 1BESF +FTÜT /B[BSFOP Z .BSÑB 4BOUÑTJNB EF MB .FSDFE .0/"45&3*0 %& -"4 ."%3&4 $"3.&-*5"4 %&4$"-;"4 3&"-&+0

B )FSNBOEBE OBDJÖ FO HSBDJBT BM FTGVFS[P EF VO HSVQP EF DPTUBMFSPT Z DPGSBEFT 4V USBCBKP DVMNJOÖ DPO MB DSFBDJÖO EF MB $PGSBEÑB EF /VFTUSP 1BESF +FTÜT /B[BSFOP Z .BSÑB EF MB .FSDFE RVF FO MB BDUVBMJEBE UJFOF TV TFEF DBOÖOJDB FO MBT $BSNFMJUBT %FTDBM[BT %FTUBDBS RVF TV /B[BSFOP GVF CFOEFDJEP FO QPS FM 3FWFSFOEP 1BESF "HBQJUP %PNÑOHVF[ 4VQFSJPS EFM $BSNFMP 5FSFTJBOP EF (SBOBEB FO VOB FNPUJWB Z TJHOJGJDBUJWB DFSFNPOJB

-

-04 1"404 -B JNBHFO EFM /B[BSFOP FT PCSB EFM BSUJTUB "OUPOJP #BSCFSP (PS 5BMMBEB FO DFESP EFM #SBTJM NVFTUSB B +FTÜT QPSUBOEP MB $SV[ DPO VO SPTUSP DPOUFOJEP EF EPMPS Z TVGSJNJFOUP 7FTUJEP DPO VOB UÜOJDB /VFTUSP 1BESF +FTÜT /B[BSFOP MVDF QPUFODJBT EPSBEBT NJFOUSBT QSPDFTJPOB TPCSF VO QBTP SFBMJ[BEP FO MPT UBMMFSFT EF +VMJÆO 4ÆODIF[ 4PCSFTBMFO TVT BOHFMJUPT KVOUP DPO MPT GBSPMFT Z DBSUFMBT EF QMBUB EF .BOVFM EF MPT 3ÑPT &M QBTP MVDF TFJT LJMPT EF QMBUB EPOBEPT FO QPS MPT DPTUBMFSPT EF MB )FSNBOEBE .BSÑB EF MB .FSDFE PCSB EF MB &TDVFMB (SBOBEJOB EFM TJHMP 97** TJHVF B TV IJKP CBKP QBMJP EF UFSDJPQFMP HSBOBUF DPO EFMJDBEPT CPSEBEPT Z VO UFDIP RVF SFQSFTFOUB FM NJTUFSJP EF MB &ODBSOB DJÖO JHVBM BM EF "MPOTP $BOP EF MB $BUFESBM %FTUBDBO TVT SFTQJSBEFSPT QMBUFBEPT PCSB EF .BOVFM EF MPT 3ÑPT BTÑ DPNP TV DPSPOB EF QMBUB UBNCJÍO EFM NJTNP BVUPS -B %PMPSPTB FT VOB GJFM SFQSFTFOUBDJÖO EFM EPMPS EF VOB NBESF BOUF FM QBEFDFS EF TV IJKP -B JNBHFO GVF SFTUBVSBEB QPS "OUPOJP #BSCFSP (PS /07&%"%&4 -B )FSNBOEBE FTUSFOB FTUF BÕP FM USBKF EFM NVÕJEPS VOB GJHVSB RVF ZB JOUSPEVKP FM BÕP QBTBEP Z RVF QSFUFOEF JOTUBVSBS EF NBOFSB QFSNBOFOUF UPEBT MBT 4FNBOBT 4BOUBT "EFNÆT MB $PGSBEÑB TJHVF DPNQMFUBNFOUF JONFSTB FO VO QBTP EF QBMJP OVFWP QBSB .BSÑB 4BOUÑTJNB EF MB .FSDFE RVF FTUF BÕP FTUSFOBSÆ MB NBSDIB A.BSÑB 4BOUÑTJNB EF MB .FSDFE DPNQVFTUB QPS FM NBFTUSP 'SBODJTDP )JHVFSP "EFNÆT EF MPT OB[BSFOPT FTUB )FSNBOEBE TBDB B MB DBMMF DBTJ UPEPT MPT BÕPT VOPT NPOBHVJMMPT *NQSFTDJOEJCMF BENJSBS MBT JNÆHFOFT QPS MBT DBMMFT EFM 3FBMFKP

1"3" 7&3-" .&+03 $ 1"7"/&3"4 : 1"4"+& %*&(0 %& 4*-0Ʌ

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT JN˔HFOFT &TDVFMB (SBOBEJOB 4 97** Z #BSCFSP (PS

-B %PMPSPTB FT VOB GJFM SFQSFTFOUBDJÖO EFM EPMPS EF VOB NBESF BOUF FM QBEFDFS EF TV IJKP


4FNBOB 4BOUB (SBOBEB

.JÍSDPMFT 4BOUP -" 4&."/" 4"/5" &/ *.©(&/&4

-B 6OJWFSTJEBE QSFTFOUF FO MB 4FNBOB 4BOUB -B )FSNBOEBE EF MB &TDMBWJUVE EFM 4BOUÈTJNP 4BDSBNFOUP Z /VFTUSP 1BESF EF MB .FEJUBDJÎO Z .BSÈB 4BOUÈTJNB EF MPT 3FNFEJPT DVFOUB DPO VOB DBSUFMB EPOBEB QPS MB 6OJWFSTJEBE QPS FMMP FT DPOPDJEB DPNP MB QSPDFTJÎO EF -PT &TUVEJBOUFT &TUF BÌP QPS QSJNFSB WF[ MB JNBHFO EF MB 7JSHFO SFDPSSFS¼ MBT DBMMFT EF (SBOBEB FO .JÄSDPMFT 4BOUP '050 +04¤ 7&-"4$0


.JÍSDPMFT 4BOUP &M SFDPSSJEP $PGSBEÑB EFM 4BOUÑTJNP $SJTUP EF M $POTVFMP Z .BSÑB 4BOUÑTJNB EFM 4BDSPNPOUF A-PT (JUBOPT

&/53"%"

5FNQMP (SBO 7ÈB 1MB[B *TBCFM MB $BUÎMJDB 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 3FZFT $BUÎMJDPT 1FTP EF MB )BSJOB 4BOUP 4FQVMDSP $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

&TDMBWJUVE EFM 4BOUÑTJNP 4BDSBNFOUP Z /VFTUSP 1BESF 4FÕPS EF MB .FEJUBDJÖO Z .BSÑB 4BOUÑTJNB EF MPT 3FNFEJPT 4"-*%"

&/53"%"

5FNQMP (SBO 7ÈB $BQJUBOÈB 1MB[B EF .BSJBOB 1JOFEB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B EF MB 3PNBOJMMB 4BO +FSÎOJNP 1MB[B EF MB 6OJWFSTJEBE $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP EF 1BMJP

4"-*%"

"QÖTUPM 4BO .BUÑBT Z 1FOJUFODJB EF /VFTUSP 1BESF +FTÜT EF MB 1BDJFODJB Z .BSÑB 4BOUÑTJNB EF MBT 1FOBT

/VFTUSP 1BESF +FTÜT EF MBT 5SFT $BÑEBT Z /VFTUSB 4FÕPSB EFM 3PTBSJP FO TVT .JTUFSJPT %PMPSPTPT

&/53"%"

&/53"%"

5FNQMP 4BO .BUÈBT 1MB[B .BSJBOB 1JOFEB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM $¼SDFM #BKB (SBO 7ÈB 1BWBOFSBT 7BSFMB $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

5FNQMP 4BOUB &TDPM¼TUJDB 7BSFMB $VFTUB EFM 1SPHSFTP OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM (SBO 7ÈB 1MB[B /VFWB 1BWBOFSBT $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

)FSNBOEBE EF /VFTUSP 1BESF +FTÜT /B[BSFOP Z .BSÑB 4BOUÑTJNB EF MB .FSDFE &/53"%"

5FNQMP 1BWBOFSBT 1MB[B EF MPT (JSPOFT 1MB[B EF MPT $BNQPT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM &MWJSB FTRVJOB "MNJSFDFSPT 3FZFT $BUÎMJDPT 1MB[B 1PFUB -VJT 3PTBMFT $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

4"-*%"


4FNBOB 4BOUB (SBOBEB

+VFWFT 4BOUP %& ."3;0 /VFTUSP 1BESF +FTร T EFM "NPS Z MB &OUSFHB Z .BSร B 4UNB EF MB $PODFQDJร O $0/7&/50 %& -" $0/$&1$*ยน/ "-#"*$ยด/

M %PNJOHP EF 3BNPT EF FT MB GFDIB FTUBCMFDJEB QBSB MB GVOEBDJร O EF FTUB $PGSBEร B 6O HSVQP EF GJFMFT EFDJEJร USBT FM FODJFSSP EF MB 7JSHFO EF MB 7JDUPSJB DSFBS TV QSPQJB IFSNBOEBE -B MMBNBEB QBSB FMMP UVWP SFTQVFTUB ZB RVF TF BQVOUBSPO WBSJBT QFSTPOBT JODMVTP DPTUBMFSPT EJTQVFTUPT B TBDBS B MBT JNร HFOFT HSBUJT BMHP JOVTVBM FO VOB ร QPDB FO MB RVF MBT IFSNBOEBEFT QBHBCBO QPS FTB MBCPS &O TF BVUPSJ[BSPO TVT SFHMBT Z UVWP MVHBS MB QSJNFSB FTUBDJร O EF QFOJUFODJB QBSB MP RVF GVF NBESJOB MB 7JSHFO EF MB "VSPSB 6O JODFOEJP FO QSPWPDร RVF MB )FSNBOEBE QFSEJFSB QBSUF EF TVT FOTFSFT &M HSBO FTGVFS[P Z USBCBKP SFBMJ[BEP EFTEF FOUPODFT FT EJHOP EF NFODJร O

&

-04 1"404 +FTร T /B[BSFOP DPO VOB $SV[ TPCSF FM IPNCSP PCSB EF .JHVFM ;ร ร JHB /BWBSSP QSPDFTJPOB DBEB +VFWFT 4BOUP QPS FM "MCBJDร O "SSPQBEP QPS DVBUSP FTQMร OEJEPT GBSPMFT Z DJSJPT QSPDFEFOUFT EF MB 0SGFCSFSร B 4FWJMMBOB MB JNBHFO NVFTUSB FM EPMPS Z MB FOUSFHB DPO TBOHSF CSPUBOEP EF TV GSFOUF Z MB NJSBEB DBร EB FO FM TVFMP &M QBTP EF 4Fร PS FTUร TJFOEP SFNPEFMBEP EFTEF IBDF WBSJPT Bร PT Z MB UBMMB FT EFM DPSEPCร T .BOVFM "SP[ -BNBSDB -P BDPNQBร B FO TV HSBO QFOBS .BSร B 4BOUร TJNB EF MB $PODFQDJร O EF "VSFMJP -ร QF[ "[BVTUSF CBKP QBMJP B[VM QSFDJPTBNFOUF CPSEBEP QPS MBT IFSNBOBT EF MB $PGSBEร B DPO VO EJTFร P EF -ร QF[ &TDSJCBOP &M SFMJDBSJP Z MPT SFTQJSBEFSPT QMBUFBEPT TPO PCSB EF .BOVFM EF MPT 3ร PT %FTUBDBO MBT DBNQBOJMMBT RVF DVFMHBO EF TVT WBSBMFT /07&%"%&4 &TUB )FSNBOEBE BMCBJDJOFSB DPOUJOร B JONFSTB FO MB SFOPWBDJร O EFM QBTP EF .JTUFSJP Z FTUF Bร P MB $SV[ EF TBMJEB EF /VFTUSP 1BESF +FTร T EFM "NPS Z MB &OUSFHB TFSร EF VO NBUFSJBM Nร T MJHFSP LJMPT NFOPT QBSB RVJUBSMF EBร P BM QBTP *HVBMNFOUF TF FTUSFOBSร O EPT MBUFSBMFT CPSEBEPT EF QMBUB 5BNCJร O TFSร O OVFWPT EPT HVBSEBCSJTBT EFM QBTP EF .BSร B 4BOUร TJNB EF MB $PODFQDJร O Z TF TBMESร B MB DBMMF DPO VO OVFWP MJCSP EF SFHMBT Z CBOEFSB DPODFQDJP OJTUB "TJNJTNP MPT EBMNร UJDPT FTUร O TJFOEP TVTUJUVJEPT EF GPSNB QSPHSFTJWB QPS TPUBOBT OFHSBT DPO TPCSF QFMMJ[ CMBODP &TUF +VFWFT 4BOUP TF FTUSFOBSร O EF FMMBT

1"3" 7&3-" .&+03 1-"$&5" %& -" $0/$&1$*ส /

"ฬคP EF GVOEBDJฬฌO IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT JNห HFOFT . ;ร ร JHB /BWBSSP Z " -ร QF[ "[BVTUSF

&M QBTP EF /VFTUSP 1BESF +FTร T EFM "NPS Z MB &OUSFHB FTUร TJFOEP SFNPEFMBEP


4FNBOB 4BOUB (SBOBEB

+VFWFT 4BOUP -BT DPGSBEÑBT

4BOUÑTJNP $SJTUP EF MB 3FEFODJÖO Z /VFTUSB 4FÕPSB EF MB 4BMVE *(-&4*" ."3´" "69*-*"%03" $0-&(*0 4"-&4*"/0 ;"*%´/

O HSVQP EF KÖWFOFT EF MPT "OUJHVPT "MVNOPT EF MPT 4BMFTJBOPT TPO FM HFSNFO EF FTUB $PGSBEÑB "M QSJODJQJP MMBNBEPT $VFSQP EF $PTUBMFSPT EF .BSÑB "VYJMJBEPSB BZVEBO B TBDBS B PUSPT QBTPT DPNP FM EF -PT (JUBOPT P -PT 'FSSPWJBSJPT :B FO TF DSFB MB $PGSBEÑB EFM $SJTUP EF MB 3FEFODJÖO GFDIB RVF DPJODJEF BGJSNBO TVT GVOEBEPSFT DPO FM BÕP TBOUP EF MB 3FEFODJÖO "VORVF OP FT IBTUB VOP EFTQVÍT FO BCSJM EF DVBOEP FM BS[PCJTQP +PTÍ .ÍOEF[ "TFOTJP BQSVFCB TVT FTUBUVUPT Z SFBMJ[B TV QSJNFS QBTP EF QFOJUFODJB /VFTUSB 4FÕPSB EF MB 4BMVE TBMESÆ B MB DBMMF QPS QSJNFSB WF[ FTUSFOBO EP VOB NBHOÑGJDB DPSPOB FM EF NBS[P EF &TUB )FSNBOEBE WJWJÖ NPNFOUPT NVZ FNPUJWPT FO DPO MBT BDUJWJEBEFT QBSB DPONFNPSBS MPT BÕPT EF TV GVOEBDJÖO

6

-04 1"404 6O TFNCMBOUF USBORVJMP BOUF MB NVFSUF EF FTUF $SJTUP EF MB 3FEFODJÖO PCSB EF "OUPOJP %ÑB[ 'FSOÆOEF[ $PO VO QBÕP EF QVSF[B RVF DVFMHB IBTUB MPT DMBWPT EF MPT QJFT Z VOB DPSPOB EF FTQJOBT TVQFSQVFTUB 1SPDFTJPOB TPCSF VO QBTP EF NBEFSB CBSOJ[BEP FO DPMPS DBPCB RVF IB TJEP UBMMBEP FO MPT UBMMFSFT EF .BOVFM (V[NÆO #FKBSBOP EF 4FWJMMB %FTUBDBO TVT SFTQJSBEFSPT EF DFESP Z TVT TFJT FOPSNFT DBOEFMBCSPT EF HVBSEBCSJTB /VFTUSB 4FÕPSB EF MB 4BMVE TJHVF B TV IJKP FO VO EPMPS JONFOTP CBKP QBMJP B[VM Z SFTQJSBEFSPT EF BMQBDB -B JNBHFO PCSB EF "OUPOJP %ÑB[ 'FSOÆOEF[ GVF SFUBMMBEB QPS *TSBFM $PSOFKP BÕPT EFTQVÍT -PT WBSBMFT RVF DVFOUBO DPO EPT ÆOHFMFT TPO VOB EPOBDJÖO EF MPT IFSNBOPT Z FTUÆO SFBMJ[BEPT FO FM UBMMFS EF .BOVFM EF MPT 3ÑPT /07&%"%&4 -B )FSNBOEBE FTUSFOB MB TBZB EF 7JSHFO 5BNCJÍO TPO OVFWBT MB $SV[ QFDUPSBM Z MB EBHB PCSBT EF "MCFSUP 2VJSÖT "TJNJTNP MB QBSJIVFMB EFM QBTP EF $SJTUP TF IB SFOPWBEP QBTBOEP EF TJFUF B PDIP QBMPT &TUF BÕP BEFNÆT TF FTUSFOBSÆO EPT NBSDIBT A4BMVE NJ HVÑB EFM DPNQPTJUPS NBESJMFÕP 'SBODJTDP EF MB 3PTB Z A/BOB EFM %JPT UF TBMWF FTDSJUB QPS +PTÍ .BOVFM 3PESÑHVF[ 7JFENB DPO NÜTJDB EF +PTÍ -VJT EF MB 5PSSF -B #BOEB EF MPT ©OHFMFT BDPNQBÕBSÆ B MB 7JSHFO Z MBT 5SFT DBÑEBT BM 4BOUÑTJNP $SJTUP EF MB 3FEFODJÖO

1"3" 7&3-" .&+03 16&/5& 30."/0 : 4"-*%" %& 46 5&.1-0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPS EF MBT JN˔HFOFT "OUPOJP %ÈB[ 'FSO¼OEF[

/VFTUSB 4FÕPSB EF MB 4BMVE TJHVF B TV IJKP FO VO JONFOTP EPMPS CBKP QBMJP EF DPMPS B[VM


4FNBOB 4BOUB (SBOBEB

+VFWFT 4BOUP -BT DPGSBEÑBT

/VFTUSP 1BESF +FTÜT EFM 1FSEÖO Z .BSÑB 4BOUÑTJNB EF MB "VSPSB $PSPOBEB *(-&4*" %& 4"/ .*(6&- #"+0 "-#"*$´/

B EFWPDJÖO EF WBSJPT BMCBJDJOFSPT QPS MB 7JSHFO .BSÑB Z TV FNQFÕP QPS BZVEBS B MPT OFDFTJUBEPT GVF FM OBDJNJFOUP FO EF FTUB $PGSBEÑB "M QSJODJQJP GVF VOB TFDDJÖO JOEFQFO EJFOUF EFM 7ÑB $SVDJT Z TV QSJNFSB TBMJEB GVF FO EFTEF 4BO /JDPMÆT &M .BSUFT 4BOUP EF MP IBDF EFTEF TV BDUVBM TFEF $BOÖOJDB Z B QBSUJS EF FO +VFWFT 4BOUP %JF[ BÕPT NÆT UBSEF MPT IFSNBOPT EF FTUB $PGSBEÑB TF DPOWJFSUFO FO MPT DVTUPEJPT EF MB JHMFTJB EF 4BO .JHVFM #BKP RVF FTUBCB QSÆDUJDBNFOUF EFTUSVJEB Z RVF HSBDJBT B TV FTGVFS[P IPZ QFSNBOFDF BCJFSUB BM DVMUP *HVBMNFOUF MB )FSNBOEBE DPSSJÖ DPO MPT HBTUPT EF MB SFTUBVSBDJÖO SFBMJ[BEB QPS #ÆSCBSB )BTCBDI -VHP FO B /VFTUSP 1BESF +FTÜT EFM 1FSEÖO EF %JFHP EF 4JMPÍ TJHMP 97* -B JNBHFO TF FODVFOUSB FO MB JHMFTJB EF 4BO +PTÍ EF MB RVF EFQFOEFO

-

-04 1"404 +FTÜT FO FM NPNFOUP EF MB GMBHFMBDJÖO FT MB JNBHFO EFM QSJNFS QBTP RVF FT VOB DPQJB FYBDUB EF MB EF %JFHP EF 4JMPÍ PCSB EF "OUPOJP #BSCFSP (PS FO 3FBMJ[B EB FO NBEFSB UBMMBEB TF BDFSDB BM NPEFMP FO OBUVSBM DPO VOBT NFEJEBT EF DFOUÑNFUSPT $PNQMFUBO MB FTDFOB DVBUSP JNÆHFOFT USFT TBZPOFT Z VO DFOUVSJÖO SPNBOP EFM BSUJTUB 4FWJMMBOP &NJMJP -ÖQF[ 0MNFEP 1SPDFTJPOB FO QBTP SFBMJ[BEP FO MPT UBMMFSFT EF "OUPOJP *CÆÕF[ CBKP VO EJTFÕP EF "MCFSUP 'FSOÆOEF[ #BSSJMBP &M MMBNBEPS SFQSFTFOUB MB 1VFSUB EFM 1FSEÖO EF MB $BUFESBM -P TJHVF .BSÑB 4BOUÑTJNB EF MB "VSPSB $PSPOBEB EF BVUPS EFTDPOPDJEP EF GJOBMFT EFM 97** %PMPSPTB CBKP VO QBMJP FTQMÍOEJEP CMBODP MBCSBEP DPO CPSEBEPT FO PSP /07&%"%&4 &TUB )FSNBOEBE BMCBJDJOFSB DVZB TBMJEB EFM UFNQMP EF 4BO .JHVFM #BKP DBEB +VFWFT 4BOUP FT VOB EF MBT NÆT FTQFSBEBT OP DVFOUB FTUF BÕP DPO HSBOEFT FTUSFOPT TBMWP MB SFOPWBDJÖO EF TVT IÆCJUPT -PT NJFNCSPT EF MB $PGSBEÑB FTUÆO JONFSTPT FO PCSBT EF DBSJEBE Z MBCPSFT TPDJBMFT EFCJEP B MB EFMJDBEB TJUVBDJÖO FDPOÖNJDB RVF BMHVOBT EF MBT GBNJMJBT EF MB [POB FTUÆO TVGSJFOEP &M BÕP QBTBEP TF MJNQJBSPO MPT DJSJBMFT QMBUFBEPT QPS MP RVF FTUF +VFWFT 4BOUP WPMWFSÆO B SFMVDJS FO UPEP TV FTQMFOEPS

1"3" 7&3-" .&+03 1-";"4 %& 4"/ +04Ʌ : %& 4"/ (3&(03*0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT *NBHFO EFM $SJTUP 3ÄQMJDB EF " #BSCFSP EF PSJHJOBM % 4JMPÄ

&M MMBNBEPS EF /VFTUSP 1BESF +FTÜT EFM 1FSEÖO SFQSFTFOUB MB 1VFSUB EFM 1FSEÖO EF MB $BUFESBM


4FNBOB 4BOUB (SBOBEB

+VFWFT 4BOUP -BT DPGSBEÑBT

/VFTUSP 1BESF +FTÜT EF MB 1BTJÖO Z .BSÑB 4BOUÑTJNB EF MB &TUSFMMB *(-&4*" %& 4"/ $3*45¹#"- "-#"*$´/

O HSVQP EF BMCBJDJOFSPT TPO MPT GVOEBEPSFT FM EF GFCSFSP EF EF FTUB )FSNBOEBE RVF FO TV QSJNFSB TBMJEB QSPDFTJPOÖ FM /B[BSFOP EF MBT 1FOBT Z MB 7JSHFO EFM $BSNFO QFSUFOFDJFOUF B MBT NPOKBT EFM 4BOUP ©OHFM $PNP BOÍDEPUB FT JOUFSFTBOUF DPOUBS RVF BM TFS ÜMUJNB JNBHFO EF (MPSJB Z OP UFOFS MÆHSJNBT MPT IFSNBOPT MF DPMPDBSPO VOBT EF DSJTUBM %FTEF FTUB )FSNBOEBE UJFOF DPNP TFEF $BOÖOJ DB MB JHMFTJB EF 4BO $SJTUÖCBM IBTUB FTF FOUPODFT TBMÑBO FO QSPDFTJÖO EFTEF FM DPOWFOUP EF $SJTUP 3FZ

6

-04 1"404 &M /B[BSFOP EF "OUPOJP %VCÍ EF -VRVF DPO VOB DFKB QBSUJEB QPS VOB FTQJOB EF MB DPSPOB Z FM EPMPS FO FM SPTUSP FO FM QSJNFS QBTP EF FTUB $PGSBEÑB +FTÜT FTUÆ EBOEP VO QBTP BM GSFOUF NJFOUSBT MMFWB VOB DSV[ DPO EPSBEPT Z QMBUFBEPT PCSB EFM UBMMFS HSBOBEJOP .BOVFM .BSUÑO ©MWBSF[ 1SPDFTJPOB FO QBTP SFBMJ[BEP QPS MPT UBMMFSFT EF MPT )FSNBOPT $BCBMMFSP -P TJHVF .BSÑB 4BOUÑTJNB EF MB &TUSFMMB DPO VO QVÕBM FO FM QFDIP Z DJODP MÆHSJNBT FO TV SPTUSP $PO HSBO QFOBS MB NBESF TJHVF B TV IJKP -B JNBHFO PCSB UBNCJÍO EF "OUPOJP %VCÍ -VRVF Z CFOEFDJEB QPS $BSMPT EFM $BTUJMMP MVDF CBKP QBMJP B[VM DPO PSP DPO DBÑEBT CPSEBEBT QPS MBT IFSNBOBT EF MB $PGSBEÑB $PO WBSBMFT Z SFTQJSBEPSFT QMBUFBEPT PCSB EF .BOVFM EF MPT 3ÑPT Z QFBOB CSB[PT Z GBSPMFT EF MB PSGFCSFSÑB .BMMPM -B &TUSFMMB FT VOB EF MBT MMBNBEBT QPQVMBSNFOUF 5SFT 7ÑSHFOFT EFM "MCBJDÑO RVF DBEB +VFWFT 4BOUP SFDPSSFO TVT DBMMFT /07&%"%&4 -B )FSNBOEBE EF /VFTUSP 1BESF +FTÜT EF MB 1BTJÖO Z .BSÑB 4BOUÑTJNB EF MB &TUSFMMB FTUSFOBSÆ FTUF BÕP FM EPSBEP Z MB USBTFSB EF MB DBOBTUJMMB EFM QBTP EF $SJTUP RVF UBNCJÍO MVDJSÆ QPUFODJBT OVFWBT QBSB QBTJÖO -B JNBHFO EF MB 7JSHFO QPS TV QBSUF DPOUBSÆ DPO VOB TBZB Z VO QVÕBM EF FTUSFOP 4F FTQFSB RVF FM OÜNFSP EF DBNBSFSBT UBNCJÍO BVNFOUF BMHP FTUF BÕP Z TF BMDBODFO MBT DJFO QFSTPOBT FO FM DPSUFKP EFM +VFWFT 4BOUP 7FS QSPDFTJPOBS B FTUBT JNÆHFOFT QPS MBT DBMMFT EF TV CBSSJP FTQFDJBMNFOUF FO 1MB[B -BSHB FT VOP EF MPT NPNFOUPT NÆT FNPUJWPT EF MB 4FNBOB 4BOUB HSBOBEJOB

1"3" 7&3-" .&+03 1-";" %&- 4"-7"%03 : 1-";" -"3("

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPS EF MBT JN˔HFOFT "OUPOJP + %VCÄ EF -VRVF

.BSÑB 4BOUÑTJNB EF MB &TUSFMMB DPO DJODP MÆHSJNBT FO TV SPTUSP TJHVF B TV IJKP DPO HSBO QFOBS


4FNBOB 4BOUB (SBOBEB

+VFWFT 4BOUP -BT DPGSBEÑBT

4BO +PTÍ EF ©OJNBT Z 4BOUÑTJNP $SJTUP EF MB .JTFSJDPSEJB EF &M 4JMFODJP *(-&4*" 4 +04° 4"-*%" : 3&(3&40 4 1&%30 : 4 1"#-0 "-#"*$´/ #"+0

O HSVQP EF FNQMFBEPT EF )BDJFOEB FO (SBOBEB GVFSPO MPT SFTQPOTBCMFT EF MPT QSJNFSPT QBTPT EF FTUB $PGSBEÑB RVF GVF DPOPDJEB QPS FTUF NPUJWP DPNP $PGSBEÑB EF MPT -BESPOFT 4VT DPNJFO[PT TF SFNPOUBO B EF MB NBOP EFM QÆSSPDP ©OHFM (VFWBSB )PSDBT Z TVT SFHMBT GVFSPO SFGSFOEB EBT QPS FM 1BQB 1ÑP 9* RVF MF PUPSHÖ FM UÑUVMP EF 1POUJGJDJB &M $SJTUP EF MB .JTFSJDPSEJB TBMJÖ QPS QSJNFSB WF[ DPO FTUB $PGSBEÑB FO QFSP FO VOB DSV[ EF UBSBDFB &O MB )FSNBOEBE GVF SFDPOPDJEB DPNP TPDJP EF IPOPS EF MB "SDIJDPGSBEÑB 6OJWFSTBM EFM "QÖTUPM 4BOUJBHP QPS TV VOJÖO IJTUÖSJDB DPO MB $SV[ Z MB 0SEFO EF 4BOUJBHP &TUF FT FM NPUJWP QPS FM RVF MPT NBZPSEPNPT MVDFO FO TVT DBQBT VOB $SV[ EF 4BOUJBHP DPSPOBEB EF FTQJOBT

6

&- 1"40 +PTÍ EF .PSB FT FM BVUPS EF MB UBMMB EBUBEB BQSPYJ NBEBNFOUF FO -B PCSB GVF SFBMJ[BEB FO TV DBTB EF BRVFMMB ÍQPDB IPZ DPOPDJEB DPNP $BSNFO EF MPT .BTDBSPOFT FO FM "MCBJDÑO %FCJEP B TV EFMJDBEP FTUBEP MB GJHVSB FTUÆ EF GPSNB QFSNBOFOUF FO MB JHMFTJB EF 4BO +PTÍ QPS FTP EFTEF TF QSPDFTJPOB VOB SÍQMJDB FYBDUB EF "OUPOJP #BSCFSP (PS &M SJDUVT EF MB NVFSUF FTUÆ QSFTFOUF FO TVT QÖNVMPT Z BGJMBEB OBSJ[ TPCSF FMMPT VOB DPSPOB EF NFUBM TPCSFQVFTUB %FTUBDB TV QBÕP EF QVSF[B EF VO UPOP DBSNÑO TPCSF FM QÆMJEP EFM DVFSQP $SJTUP QSPDFTJPOB TPCSF VO QBTP EF FTUJMP SFOBDFOUJTUB SFBMJ[BEP QPS MPT IFSNBOPT 3PNFSP FO USFT NBEFSBT -PT ÆOHFMFT EF QMBUB RVF MVDF TPO PCSB EF .BOVFM EF MPT 3ÑPT /07&%"%&4 -B HSBO OPWFEBE EF FTUF BÕP FT RVF MB )FSNBOEBE UFSNJOB TV FTUBDJÖO EF QFOJUFODJB FO MB $BUFESBM EF (SBOBEB QBSB QBTBS UPEB MB OPDIF FO TV JOUFSJPS -B JOUFODJÖO FT EFKBS BCJFSUBT MBT QVFSUBT QBSB RVF MPT GJFMFT QVFEBO PSBS BOUF MB JNBHFO &M 4ÆCBEP TFSÆ USBTMBEBEB B TV UFNQMP FO MB JHMFTJB EFM 4BMWBEPS FO FM "MCBJDÑO "EFNÆT FTUF BÕP TF DPOUJOÜB DPO MB SFOPWBDJÖO EF MPT IÆCJUPT EF MPT IFSNBOPT Z EF MPT NPOBHVJMMPT "TÑ DPNP DPO FM QMBUFBEP EF MPT FOTFSFT EF MB )FSNBOEBE "M QBTP EF MB JNBHFO EFM 4JMFODJP TF BQBHBO MBT MVDFT EF MBT DBMMFT

1"3" 7&3-" .&+03 $"33&3" %&- %"330 : 5&.1-0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT /͔NFSP EF QBTPT "VUPS JNBHFO +PTÄ EF .PSB SÄQMJDB EF "OUPOJP #BSCFSP

&TUF BÕP MB JNBHFO QBTBSÆ MB OPDIF FO MB $BUFESBM QBSB RVF MPT GJFMFT QVFEBO BDFSDBSTF B SF[BS


4FNBOB 4BOUB (SBOBEB

+VFWFT 4BOUP -" 4&."/" 4"/5" &/ *.©(&/&4

/VFTUSB 4FÕPSB EF MB 4BMVE FO MBT DBMMFT EFM ;BJEÑO &M CBSSJP EFM ;BJEÈO TF WVFMDB DBEB BÌP DPO MB 3FBM $PGSBEÈB EF 1FOJUFODJB Z )FSNBOEBE 4BMFTJBOB EFM 4BOUÈTJNP $SJTUP EF MB 3FEFODJÎO Z /VFTUSB 4FÌPSB EF MB 4BMVE RVF TBMF B MB DBMMF TPCSF MBT PP IPSBT QBSB SFHSFTBS B TV UFNQMP QBTBEBT MBT EPT EF MB NBESVHBEB &TUF BÌP FTUSFOBO EPT NBSDIBT 4BMVE NJ HVÈB Z /BOB EFM %JPT UF TBMWF '050 +04¤ 7&-"4$0


+VFWFT 4BOUP &M SFDPSSJEP )FSNBOEBE EF 1FOJUFODJB EF /VFTUSP 1BESF +FTÜT EFM "NPS Z MB &OUSFHB Z .BSÑB 4BOUÑTJNB EF MB $PODFQDJÖO

3FBM $PGSBEÑB EF 1FOJUFODJB Z )FSNBOEBE 4BMFTJBOB EFM 4BOUÑTJNP $SJTUP EF MB 3FEFODJÖO Z /VFTUSB 4FÕPSB EF MB 4BMVE

&/53"%"

&/53"%"

5FNQMP $BSSFSB EFM %BSSP 1MB[B /VFWB 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM &MWJSB 1MB[B EF 4BOUB "OB $BSSFSB EFM %BSSP $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

5FNQMP 4PT EFM 3FZ $BUÎMJDP 1VFOUF 3PNBOP 1MB[B EFM $BNQJMMP OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM (SBO 7ÈB 4BO .BUÈBT 1VFOUF 3PNBOP $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

3FBM 7FOFSBCMF F *MVTUSF $PGSBEÑB EF /VFTUSP 1BESF +FTÜT EFM 1FSEÖO Z .BSÑB 4BOUÑTJNB EF MB "VSPSB $PSPOBEB

$PGSBEÑB EF /B[BSFOPT EF /VFTUSP 1BESF +FTÜT EF MB 1BTJÖO Z .BSÑB 4BOUÑTJNB EF MB &TUSFMMB

&/53"%"

&/53"%"

5FNQMP (SJGPT EF 4BO +PTÄ 1MB[B EF 4BO (SFHPSJP 1MB[B /VFWB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B /VFWB $VFTUB EF 4BO (SFHPSJP $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

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&/53"%"

4"-*%"

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4"-*%"

4"-*%"


4FNBOB 4BOUB (SBOBEB

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1"3" 7&3-" .&+03 $".10 %&- 13ɝ/$*1&

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4FNBOB 4BOUB (SBOBEB

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1"3" 7&3-" .&+03 4"-*%" %&- 5&.1-0

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4FNBOB 4BOUB (SBOBEB

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4FNBOB 4BOUB (SBOBEB

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4FNBOB 4BOUB (SBOBEB

7JFSOFT 4BOUP -BT DPGSBEร BT

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4FNBOB 4BOUB (SBOBEB

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1"3" 7&3-" .&+03 16&/5& 30."/0 %&- (&/*-

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B )FSNBOEBE EFM 4BOUP 4FQVMDSP Z /VFTUSB 4FÕPSB EF MB 4PMFEBE EFM $BMWBSJP FT VOB EF MB NÆT WFUFSBOBT EF MB DJVEBE 4VT JOJDJPT TF SFNPOUBO B MB NVZ BOUJHVB Z DPOPDJEB DPNP EFM 4BOUP &OUJFSSP EF $SJTUP Z /VFTUSB 4FÕPSB EF MBT 5SFT /FDFTJEBEFT 4V GFDIB PGJDJBM EF GVOEBDJÖO FT EF -B QSPDFTJÖO RVF SFBMJ[B FT DPOTJEFSBEB MB PGJDJBM EF MB 4FNBOB 4BOUB Z FO FM DPSUFKP MB BDPNQBÕBO EJWFSTBT BVUPSJEBEFT EFM "ZVOUBNJFOUP FM &KÍSDJUP SFMJHJPTBT Z EF PUSBT IFSNBOEBEFT -B TPMFNOJEBE Z CVFO IBDFS MB IBO DPOWFSUJEP FO VO SFGFSFOUF EF MB 4FNBOB 4BOUB HSBOBEJOB

-

-04 1"404 6O $SJTUP ZBDFOUF FO VOB VSOB DPO SFNBUFT EF QMBUB FT MB QSJNFSB JNBHFO RVF QSPDFTJPOB FTUB DPGSBEÑB DBEB 7JFSOFT 4BOUP EF BIÑ RVF BMHVOPT GJFMFT TF SFGJFSBO B FTUF QBTP DPNP -B 6SOB "MHVOPT FTUVEJPTPT BUSJCVZFO MB GJHVSB BM TJHMP 97** QFSP OP UJFOF BVUPS DPOPDJEP &M QBTP FT PCSB EF /BWBT 1BSFKP FO FO FM RVF EFTUBDBO TVT FTRVJOBT BDIBGMBOBEBT RVF MVDFO ÆOHFMFT QPMJDSPNBEPT -B JODPSQPSBDJÖO EF MPT DPTUBMFSPT QBSB QSPDFTJPOBS GVF FO QPS MP RVF BMHVOBT QFSTPOBT BÜO TF FYUSBÕBO BM WFS B MPT DPTUBMFSPT QPSUBOEP FM QBTP -P TJHVF MB 4PMFEBE EFM $BMWBSJP PCSB EF .PSB Z SFTUBVSBEB FO QPS #ÆSCBSB )BTCBDI -B 7JSHFO TF SFQSFTFOUB EF SPEJMMBT DPO MPT CSB[PT DSV[BEPT FO FM QFDIP EFMBOUF EF MB $SV[ &M EPMPS EF MB NBESF BOUF MB NVFSUF EF TV IJKP RVFEB QBUFOUF FO FTUB GJHVSB RVF QSPDFTJPOB DPO DVBUSP GBSPMFT QMBUFBEPT EF 3BGBFM .PSFOP DPO DBOBTUJMMB EF DBPCB UBMMBEB -B JNBHFO FT VOB EF MBT HSBOEFT SFQSFTFOUBOUFT EF MBT FTDVMUVSB EF TV ÍQPDB FO &TQBÕB Z GVF CFOEFDJEB FO QPS FM BS[PCJTQP %JFHP &TDPMBOP /07&%"%&4 -B TBMJEB EFM UFNQMP EF FTUB )FSNBOEBE FT VOP EF MPT NPNFOUPT NÆT FNPUJWPT EFM 7JFSOFT 4BOUP FO (SBOBEB &TUF BÕP OP IBZ HSBOEFT FTUSFOPT BVORVF TÑ TF MVDJSÆO JODFOTBSJPT OVFWPT BTÑ DPNP MB WFTUJNFOUB EFM DVFSQP EF BDÖMJUPT Z MPT SPRVFUFT %FTEF FM BÕP QBTBEP MPT DPTUBMFSPT EF FTUB $PGSBEÑB QPSUBO B DPTUBM MB JNBHFO EF /VFTUSB 4FÕPSB EF MB 4PMFEBE EFM $BMWBSJP

1"3" 7&3-" .&+03 4"-*%" 5&.1-0 : 1-";" %& -"4 1"4*&("4

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPSFT EF MBT JN˔HFOFT "OÎOJNP Z +PTÄ EF .PSB

6O $SJTUP ZBDFOUF FO VOB VSOB FT MB QSJNFSB JNBHFO RVF QSPDFTJPOB FTUB $PGSBEÑB FO 7JFSOFT 4BOUP



7JFSOFT 4BOUP &M SFDPSSJEP $PGSBEÑB EFM 4FÕPS EF MB )VNJMEBE 4PMFEBE EF /VFTUSB 4FÕPSB Z %VMDF /PNCSF EF +FTÜT &/53"%"

5FNQMP 1MB[B EF 4BOUP %PNJOHP 4BOUJBHP $BNQP EFM 1SÈODJQF .PMJOPT $SV[ (VÈB FO 5FNQMP

1FOJUFODJB EFM 4BOUÑTJNP $SJTUP EF MB #VFOB .VFSUF Z /VFTUSB 4FÕPSB EFM "NPS Z EFM 5SBCBKP -PT 'FSSPWJBSJPT

4"-*%"

&/53"%"

5FNQMP (SBO 7ÈB 1MB[B *TBCFM MB $BUÎMJDB 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B 5SJOJEBE MBUFSBM EFSFDIP 4BO +VBO EF %JPT #BTÈMJDB "WFOJEB EF MB $POTUJUVDJÎO $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

/VFTUSB 4FÕPSB EF MB 1B[ Z 4BOUÑTJNP $SJTUP EF MPT 'BWPSFT Z .BSÑB 4BOUÑTJNB EF MB .JTFSJDPSEJB $PSPOBEB

1POUJGJDJB Z 3FBM $PGSBEÑB Z )FSNBOEBE EF /VFTUSB 4FÕPSB EF MB 4PMFEBE Z %FTDFOEJNJFOUP EFM 4FÕPS

&/53"%"

&/53"%"

5FNQMP 1BWBOFSBT 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1BWBOFSBT $BNQP EFM 1SÈODJQF $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

5FNQMP 4BOUB 1BVMB 1BTBKF %JFHP EF 4JMPÄ 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM $¼SDFM #BKB 4BO +FSÎOJNP 3FDUPS -ÎQF[ "SH×FUB $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"

5FNQMP 1VFOUF 3PNBOP EFM (FOJM $BSSFSB EF MB 7JSHFO 1MB[B .BSJBOB 1JOFEB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B 1PFUB -VJT 3PTBMFT $BSSFSB EF MB 7JSHFO 1VFOUF 3PNBOP (FOJM $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

1POUJGJDJB 3FBM F *MVTUSF )FSNBOEBE EFM 4BOUP 4FQVMDSP Z /VFTUSB 4FÕPSB EF MB 4PMFEBE EFM $BMWBSJP

4BOUÑTJNP $SJTUP EF MB &YQJSBDJÖO .BSÑB 4BOUÑTJNB EFM .BZPS %PMPS Z 4BO +PTÍ EF $BMBTBO[ &/53"%"

4"-*%"

4"-*%"

&/53"%"

5FNQMP 1MB[B /VFWB 1MB[B *TBCFM -B $BUÎMJDB 4BO .BUÈBT OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM $¼SDFM #BKB $SV[ (VÈB FO 5FNQMP 1BTP $SJTUP 1BTP 7JSHFO

4"-*%"


4FNBOB 4BOUB (SBOBEB

4ÆCBEP 4BOUP %& ."3;0 /USB 4SB EF MBT "OHVTUJBT $PSPOBEB EF 4BOUB .BSÑB EF MB "MIBNCSB *(-&4*" %& 4"/5" ."3´" %& -" "-)".#3" 3&$*/50 .0/6.&/5"- %& -" "-)".#3"

O HSVQP EF GJFMFT Z WFDJOPT EF MB "MIBNCSB RVF BOUJHVB NFOUF FTUBCB IBCJUBEB GVFSPO MPT DSFBEPSFT EFM PSJHFO EF FTUB $PGSBEÑB FO -B HSBO EFWPDJÖO RVF TF MF UFOÑB B FTUB JNBHFO QSPQJFEBE EFM BOUJHVP $POWFOUP EF 4BO 'SBODJTDP EF MB "MIBNCSB IPZ 1BSBEPS /BDJPOBM IJ[P RVF EFDJEJFSBO TBDBSMB FO QSPDFTJÖO FM EF TFQUJFNCSF EF FTF NJTNP BÕP -B BDUVBM DPGSBEÑB TJO FNCBSHP OP UPNBSÑB GPSNB IBTUB 4BOUB .BSÑB EF MB "MIBNCSB DPSPOBEB DBOÖOJDBNFOUF FO FM BÕP FT BDUVBMNFOUF MB ÜOJDB JNBHFO RVF QSPDFTJPOB FM 4ÆCBEP 4BOUP QPS MBT DBMMFT EF (SBOBEB DBQJUBM

6

&- 1"40 -B JNBHFO PCSB EF 5PSDVBUP 3VJ[ EFM 1FSBM TJHMP 97*** TF FODVFOUSB FOUSF MBT BOHVTUJBT NÆT RVFSJEBT EF MBT

RVF QPTFF (SBOBEB -B 7JSHFO TPTUJFOF FM DVFSQP EF TV IJKP NVFSUP KVOUP B MB $SV[ -B JNBHFO UJFOF USFT MÆHSJNBT EF DSJTUBM RVF SVFEBO QPS FM SPTUSP BTÑ DPNP DPSPOB EF PSP Z QMBUB DPO QFESFSÑB DPOGPSNBEB FOUSF PUSBT QJFESBT QSFDJPTBT QPS FTNFSBMEBT Z EJBNBOUFT -B FTDFOB NVFTUSB TV SFBMJTNP Z ESBNBUJTNP DPO VOB NBESF RVF NBOUJFOF DPO TV NBOP EFSFDIB MB DBCF[B EF TV IJKP NJFOUSBT DPO MB PUSB MF DPHF MB NBOP -BT GJHVSBT QSPDFTJPOBO TPCSF VOB EF MBT KPZBT EF MB 4FNBOB 4BOUB FM QBTP SFBMJ[BEP FO QMBUB F JOTQJSBEP FO FM 1BUJP EF MPT -FPOFT QSPEVDUP EF VO DPODVSTP SFBMJ[BEP FO QPS MB )FSNBOEBE &TUB JODSFÑCMF PCSB DVFOUB DPO QJF[BT JOEFQFOEJFOUFT B MBT RVF IBZ RVF TVNBSMFT FM GSPOUBM FO FM RVF TF QPSUBO MBT SFMJRVJBT EF 4BO +VBO EF %JPT /07&%"%&4 &TUB $PGSBEÑB USBT WBSJPT BÕPT EF FTGVFS[P Z USBCBKP FTUSFOBSÆ FTUF BÕP MB SFTUBVSBDJÖO Z SFNPEFMBDJÖO DPNQMFUB EFM QBTP FO QMBUB *HVBMNFOUF TF IBO BEBQUBEP MPT GBSPMFT B MB MV[ EF MB WFMB " MP MBSHP EF FTUPT BÕPT MPT IFSNBOPT UBNCJÍO IBO JEP SFTUBVSBOEP BMHVOPT FOTFSFT DPNP MBT WBSBT Z FM (VJÖO 4BDSBNFOUBM RVF MVDJFSPO FM QBTBEP 7JFSOFT 4BOUP 4BOUB .BSÑB EF MB "MIBNCSB FT MB ÜOJDB JNBHFO RVF SFDPSSF QBSUF EFM SFDJOUP NPOVNFOUBM EF MB "MIBNCSB QPS MP RVF WFSMB FO DVBMRVJFSB EF FTUPT SJODPOFT NFSFDF MB QFOB 4V TBMJEB Z SFHSFTP BM UFNQMP TPO EPT NPNFOUPT NVZ FNPUJWPT

1"3" 7&3-" .&+03 16&35" +645*$*" : 3&(3&40 " 46 5&.1-0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT "VUPS EF MB JNBHFO 5PSDVBUP 3VJ[ EFM 1FSBM

-B JNBHFO UJFOF USFT MÆHSJNBT EF DSJTUBM RVF SVFEBO QPS FM SPTUSP BTÑ DPNP VOB DPSPOB EF PSP Z QMBUB


4FNBOB 4BOUB (SBOBEB

4ÆCBEP 4BOUP &M SFDPSSJEP 4BOUÑTJNB 5SJOJEBE Z /PNCSF EF +FTÜT Z 1FOJUFODJB EF /VFTUSB 4FÕPSB EF MBT "OHVTUJBT $PSPOBEB EF 4BOUB .BSÑB EF MB "MIBNCSB &/53"%"

4"-*%"

5FNQMP 1VFSUB EF MB +VTUJDJB 1MB[B /VFWB OHFM (BOJWFU $SV[ FO DBODFMB EF MB 1VFSUB $BUFESBM 4BMJEB EF MB 4BOUB *HMFTJB $BUFESBM 1MB[B *TBCFM MB $BUÎMJDB 1VFSUB EF MB +VTUJDJB $SV[ EF (VÈB FO 5FNQMP 1BTP EF 7JSHFO

-" 4&."/" 4"/5" &/ *.©(&/&4

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4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3FTVSSFDDJÖO %& ."3;0 4FÕPS EF MB 3FTVSSFDDJÖO Z 4BOUB .BSÑB EFM 5SJVOGP *(-&4*" 1"33026*"- %& 4"/ .*(6&- "3$©/(&- ;"*%´/ 7&3(&-&4

M CBSSJP EF ;BJEÑO 7FSHFMFT WJWJÖ DPO HSBO FYQFDUBUJWB DÖNP FO MPT BÕPT PDIFOUB OBDÑB MB JMVTJÖO EF DSFBS VOB $PGSBEÑB 4VT JOJDJPT QBSUJFSPO EF MB JEFB EF EPT BNBOUFT EF MB 4FNBOB 4BOUB 'FSOBOEP 0MNPT Z "OUPOJP $BQQB RVF USBT CVTDBS VOB QBSSPRVJB RVF BDPHJFSB FTUB JEFB FODPOUSBSPO FO FM QÆSSPDP +PTÍ "OUPOJP 0SUFHB Z FO FM DPBEKVUPS +PTÍ -ÖQF[ -ÖQF[ EF MB JHMFTJB EF 4BO .JHVFM "SDÆOHFM HSBOEFT BQPZPT $PO CVFO IBDFS Z USBCBKP MB QSJNFSB TBMJEB EF FTUB $PGSBEÑB GVF FO QPS MBT DBMMFT EFM ;BJEÑO DPO MB TPMB JNBHFO EF /VFTUSP 4FÕPS EF MB 3FTVSSFDDJÖO :B FO SFBMJ[BO MB QSJNFSB FTUBDJÖO EF QFOJUFODJB FO %PNJOHP EF 3FTVSSFDDJÖO BVORVF MP JOUFOUBSPO FM BÕP BOUFSJPS QFSP MB MMVWJB TF MP JNQJEJÖ %FTEF FOUPODFT IBTUB MB BDUVBMJEBE MB )FSNBOEBE TF IB JEP MBCSBOEP VO QVFTUP FO MB 4FNBOB 4BOUB HSBOBEJOB HSBDJBT B TV MBCPS Z EFEJDBDJÖO

&

-04 1"404 -B JNBHFO EF +FTÜT SFBMJ[BEB QPS .JHVFM ;ÜÕJHB /BWBSSP FT MB QSJNFSB FO QSPDFTJPOBS TPCSF VO QBTP PCSB EF 'SBODJTDP "MDBMÆ 3PNFSP BDPNQBÕBEP EF VO ÆOHFM Z EPT SPNBOPT PCSBT EFM NJTNP BVUPS -P TJHVF 4BOUB .BSÑB EFM 5SJVOGP UBNCJÍO EF .JHVFM ;ÜÕJHB DPO VO JNQSFTJP OBOUF NBOUP EF UFSDJPQFMP CMBODP -B 7JSHFO MMFWB FO TV NBOP VO SPTBSJP Z VOB B[VDFOB EF PSP RVF SFQSFTFOUB TV QVSF[B &M QBTP DVFOUB DPO CBNCBMJOBT EF NBMMB CPSEBEBT FO QMBUB Z TV PSGFCSFSÑB IB TJEP SFBMJ[BEB QPS MPT BSUJTUBT %F MPT 3ÑPT "SBHÖO 1JOFEB Z #SJIVFHB 4PO EF EFTUBDBS TVT DBQJMMBT MBUFSBMFT Z MB GSPOUBM DPO 4BO $FDJMJP Z 4BO +VBO EF %JPT QBUSÖO Z DPQBUSÖO EF MB DJVEBE Z MB QBUSPOB /07&%"%&4 -B HSBO OPWFEBE EF FTUB )FSNBOEBE FT RVF FTUF BÕP SFUSBTB TV TBMJEB VOB IPSB EF FTUF NPEP FM 4FÕPS EF MB 3FTVSSFDDJÖO Z 4BOUB .BSÑB EFM 5SJVOGP DPNFO[BSÆO B SFDPSSFS MBT DBMMFT B MBT IPSBT -B $PGSBEÑB BEFNÆT IB FNQF[BEP ZB MPT USBCBKPT QBSB MB SFGPSNB EFM QBTP EF 1BMJP &TUF %PNJOHP EF 3FTVSSFDDJÖO MVDJSÆ VOB QBSJIVFMB OVFWB EF NBEFSB EF DFESP PCSB EF +VBO (BSDÑB $BTBT Z FM DBNCJP EF UBNBÕP EF MPT WBSBMFT EF .BOVFM EF MPT 3ÑPT EF 4FWJMMB -B QVFSUB RVF VUJMJ[BO QBSB MB TBMJEB EF MBT JNÆHFOFT TF IB BNQMJBEP Z ZB OP FT OFDFTBSJP RVF UFOHBO VOBT EJNFOTJPOFT FTQFDJBMFT

1"3" 7&3-" .&+03 16&/5& 30."/0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT DBNBSFSBT NPOBHVJMMPT "VUPS EF MBT JN˔HFOFT .JHVFM ;ÕÌJHB /BWBSSP

-B 7JSHFO MMFWB FO TV NBOP VO SPTBSJP Z VOB B[VDFOB EF PSP RVF SFQSFTFOUB TV QVSF[B


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3FTVSSFDDJÖO -BT DPGSBEÑBT

4FÕPS EF MB )VNJMEBE 4PMFEBE EF /USB 4FÕPSB Z %VMDF /PNCSF EF +FTÜT -PT 'BDVOEJMMPT *(-&4*" %& 4"/50 %0.*/(0 3&"-&+0

PO VOB USBZFDUPSJB EF DFSDB EF BÕPT EF FYQFSJFODJB MB $PGSBEÑB EFM 4FÕPS EF MB )VNJMEBE 4PMFEBE EF /VFTUSB 4FÕPSB Z %VMDF /PNCSF EF +FTÜT FT VOB EF MBT NÆT BDUJWBT EF MB QSPWJODJB EF (SBOBEB 4VT IFSNBOPT SFBMJ[BO USFT FTUBDJP OFT EF QFOJUFODJB DPO TVT SFTQFDUJWBT JNÆHFOFT .BSUFT 4BOUP 7JFSOFT 4BOUP Z %PNJOHP EF 3FTVSSFDDJÖO -B RVF UJFOF MVHBS IPZ FTUÆ PSHBOJ[BEB QPS FM (SVQP +PWFO EF MB )FSNBOEBE Z EF FMMB GPSNBO QBSUF OJÕPT BEPMFTDFOUFT Z KÖWFOFT -B QSPDFTJÖO FT DPOPDJEB DPNP MB EF -PT 'BDVOEJMMPT QPSRVF BOUJHVBNFOUF FSB BTÑ DPNP TF MMBNBCB B MPT NFOPSFT RVF BDPNQBÕBCBO BM QBTP DPO VOPT GBSPMJMMPT 0USPT FTUVEJPTPT FO DBNCJP MP BUSJCVZFO B MB GJHVSB EF VO NFOPS MMBNBEP 'BDVOEP RVF TJFNQSF MMFWBCB VO GBSPM FO TV NBOP

$

&- 1"40 +FTÜT EFM %VMDF /PNCSF PCSB EF 5PSDVBUP 3VJ[ EFM 1FSBM TJHMP 97*** FT MB ÜOJDB JNBHFO EF FTUF DPSUFKP DVZB BVUPSÑB IB TJEP QVFTUB FO EVEB FO MPT ÜMUJNPT BÕPT Z EF MB RVF FYJTUFO WBSJBT UFPSÑBT 6O OJÕP +FTÜT DPO MB NJSBEB QVFTUB FO FM DJFMP Z DPO VOB $SV[ EF DBSFZ DPO QMBUB FO MB NBOP J[RVJFSEB TF NVFTUSB USJVOGBOUF NJFOUSBT CFOEJDF DPO TV PUSB NBOP -B JNBHFO FT QPSUBEB QPS MPT OJÕPT FO BOEBT TPCSF MPT IPNCSPT 4F USBUB EF VOP EF MPT NPNFOUPT NÆT BMFHSFT EF MB 4FNBOB 4BOUB FO FM RVF MPT NFOPSFT TPO QSPUBHPOJTUBT JOEJTDVUJCMFT BM QPSUBS VOBT DBNQBOBT EF CBSSP RVF IBDFO TPOBS BM QBTP EF MB JNBHFO /07&%"%&4 %FCJEP B MB EFMJDBEB TJUVBDJÖO RVF BUSBWJFTB FO FTUPT NPNFOUPT MB )FSNBOEBE UPEB TV MBCPS FO MPT ÜMUJNPT NFTFT IB FTUBEP EFEJDBEB B PCSBT EF DBSJEBE "TJNJTNP FT EFTUBDBCMF FM FTGVFS[P RVF FTUÆO SFBMJ[BOEP TVT NJFNCSPT QPS NBOUFOFS FM CVFO IBDFS RVF TJFNQSF MFT IB DBSBDUFSJ[BEP Z TFHVJS USBCBKBOEP FO FM FOHSBOEFDJNJFOUP EF MB 4FNBOB 4BOUB &M EJTDVSSJS EF MBT JNÆHFOFT EF FTUB )FSNBO EBE QPS TV CBSSJP FM 3FBMFKP FTUÆ DBSHBEP EF TFOUJNJFOUPT DPO NPNFOUPT NVZ FTQFDJBMFT QBSB TVT GJFMFT

1"3" 7&3-" .&+03 4"-*%" %& 46 5&.1-0

"̤P EF GVOEBDJ̬O IFSNBOPT OB[BSFOPT 1SPDFTJPOBO MPT OJ̤PT "VUPS EF MB JNBHFO 5PSDVBUP 3VJ[ EFM 1FSBM

-PT NFOPSFT QPSUBO VOBT DBNQBOBT EF CBSSP RVF IBDFO TPOBS BM QBTP EF MB JNBHFO


4FNBOB 4BOUB (SBOBEB

%PNJOHP EF 3FTVSSFDDJÖO -BT DPGSBEÑBT

4BOUÑTJNP $SJTUP 3FTVDJUBEP Z /VFTUSB 4FÕPSB EF MB "MFHSÑB *(-&4*" 1"33026*"- 3&(*/" .6/%* 4"-*%" 4"(3"3*0 $&/530

BDF FO MPT BÕPT PDIFOUB HSBDJBT B MB JORVJFUVE EF VO HSVQP EF KÖWFOFT Z GJFMFT EF MB JHMFTJB QBSSPRVJBM 3FHJOB .VOEJ 5SBT WBSJBT SFVOJPOFT Z FODVFOUSPT EFDJEJFSPO QBSUJDJQBS FO MB 4FNBOB 4BOUB EF (SBOBEB FO %PNJOHP QBSB DPONFNPSBS MB 3FTVSSFDDJÖO EF +FTÜT -B $PGSBEÑB IB QBTBEP QPS WBSJBT FUBQBT EJGFSFOUFT Z FO MB BDUVBMJEBE FTUÆ SFBMJ[BOEP VO HSBO Z CVFO USBCBKP RVF MF IB WBMJEP QBSB UPNBS TV MVHBS FO MB DJVEBE EF (SBOBEB Z DPOUBS ZB DPO VO CVFO OÜNFSP EF IFSNBOPT -B TBMJEB QFTF B QFSUFOFDFS B 3FHJOB .VOEJ MB SFBMJ[BO EFTEF FM 4BHSBSJP

/

&- 1"40 6OB TPMB FTDFOB DPOGPSNB FM QBTP EF FTUB )FSNBOEBE RVF EFDJEJÖ VOJS TVT GJHVSBT BOUF MBT EJGJDVMUBEFT DPO MBT RVF TF FODPOUSÖ QBSB DPOUBS DPO DPTUBMFSPT &O MB BDUVBMJEBE TF USBUB EF VOP EF MPT QBTPT NÆT DPOKVOUBEPT GPSNBEP QPS $SJTUP 3FTVDJUBEP PCSB EF "OUPOJP #BSCFSP (PS FO Z /VFTUSB 4FÕPSB EF MB "MFHSÑB EFM NJTNP BVUPS FO &TUBT GJHVSBT FTUÆO BDPNQBÕBEBT EF 4BO +VBO Z 4BOUB .BSÑB .BHEBMFOB EF 1BCMP 3PNÆO -B DPNQPTJDJÖO NVFTUSB B VO $SJTUP RVF QBSFDF BTDFOEFS B MPT CSB[PT EFM 1BESF NJFOUSBT MB 7JSHFO FTUÆ HP[PTB USBT FM EPMPS EF MB 1BTJÖO 5PEPT QSPDFTJPOBO FO VO QBTP EF NBEFSB SFBMJ[BEP QPS "OUPOJP .PSFOP $BSSBTDP &OUSF MPT FOTFSFT EF FTUB )FSNBOEBE EFTUBDBO FM FTDVEP FO FM RVF FTUÆO TJNCPMJ[BEPT .BSÑB DPNP 3FJOB EFM .VOEP DPO VO HMPCP UFSSÆRVFP Z FTUSFMMBT DPO VOB DSV[ FODJNB VO DSJTNÖO QBTDVBM Z VO DPSEFSP 5PEP FMMP BDPNQBÕBEP QPS FM 4VSSFYJU /07&%"%&4 -B )FSNBOEBE USBT WBSJPT BÕPT EF FTGVFS[P ZB IB GJOBMJ[BEP DPO MB SFTUBVSBDJÖO EF TV QBTP PCSB EF 'SBODJTDP 4ÆODIF[ -JOBSFT &TUF %PNJOHP EF 3FTVSSFDDJÖO BEFNÆT FTUSFOBSÆ VO KVFHP EF JODFOTBSJPT RVF IBO TJEP FKFDVUBEPT Z EJTFÕBEPT QPS FM BSUJTUB PSGFCSF "MCFSUP 2VJSÖT RVJFO ZB SFBMJ[Ö FM QBTBEP BÕP MPT DVBUSP DJSJBMFT Z MB QÍSUJHB Z FM NFEBMMÖO EF MB GJHVSB EFM QFSUJHVFSP &TUF BÕP VOPT DBNQBOJMMPT BDPNQBÕBSÆO BM QBTP EFM 4BOUÑTJNP $SJTUP 3FTVDJUBEP Z /VFTUSB 4FÕPSB EF MB "MFHSÑB

1"3" 7&3-" .&+03 4"-*%" " 1-";" /6&7" %&4%& &-7*3"

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