%.+
%.+
%.+
%LRORJLH
%.+
.<
%.+
.<
.<
.<
%UHXNKRYHQ
1LHXZ
+0/ '0 '0
&DPHUD PHW WUDQVSDUDQWHQPDS KHW PHQVHOLMN OLFKDDP &DPHUD PHW WUDQVSDUDQWHQPDS 'H 0HQV &DPHUD PHW WUDQVSDUDQWHQPDS 'H 0HQV ,,
¼ ¼ ¼
,GHDDO YRRU 6PDUWERDUG EHDPHU 79 &RPSXWHU HQ L3DG
,QKRXG
+RRIGVWXN
3DJLQD
&HOOHQOHHU
3ODQWNXQGH
'LHUNXQGH
0HQVNXQGH
2HIHQPDWHULDDO
:DQGSODWHQ
7UDQVSDUDQWHQ
0LFURVFRSLVFKH SUHSDUDWHQ
0LFURVFRSLH
3UDFWLFXP
0LOLHX YHOGZHUN ZHHU
+XOSPLGGHOHQ
&KHPLFDOLsQ
,QGH[ XLWOHJ JODV NXQVWVWRI
&HOOHQOHHU
0RGHOOHQ
02'(//(1
&(//(1/((5
+22)'678.
02'(//(1 3ODQWDDUGLJH FHO 6RPVR %R6 6WHUNH YHUJURWLQJ PHW JHGHWDLOOHHUGH YRRUVWHOOLQJ YDQ GH PLFURVFRSLVFKH ERXZ 2S JURQGSODDW PHW YHUNODUHQGH WHNVW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3ODQWDDUGLJH FHO 6RPVR %R6
¼
3ODQWDDUGLJH FHOOHQ IDEULNDDW R5R 2QJHYHHU YRXGLJH YHUJURWLQJ RS JURQGSODDW JHPRQWHHUG YRRU]LHQ YDQ EH VFKULMYLQJ $IJHEHHOG ]LMQ Â&#x2021; (PEU\RQDOH FHO Â&#x2021; *URHLHQGH FHO PHW EHJLQQHQGH YDFXROHYRUPLQJ Â&#x2021; 2XGHUH FHO PHW DVVLPLODWLHZHHIVHO $OOH FHOOHQ ]LMQ RYHUODQJV LQ GRRUVQHGH DIJHEHHOG ZDDUELM GH FHONHUQHQ RRN LQ GZDUVGRRUVQHGH ]LMQ RSJHQRPHQ 'H YROJHQGH GHWDLOV ]LMQ DDQJHEUDFKW Â&#x2021; &HOZDQG Â&#x2021; 0LGGHQODPHO Â&#x2021; ,QWHUFHOOXODLUH UXLPWHQ Â&#x2021; 3URWRSODVPD F\WRSODVPD HQ K\DORSODVPD
Â&#x2021; &HONHUQ PHW NHUQOLFKDDPSMHV Â&#x2021; &KORURI\ONRUUHOV PHW JUDQDW\ODNRwGHQ Â&#x2021; *UDQDW\ODNRwGHQ LQ ODPHOOHQ JHRUGHQG Â&#x2021; 9DFXROHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3ODQWDDUGLJH FHOOHQ
¼
3ODQWDDUGLJH FHO 6RPVR %R6 7UDQVSDUDQW PRGHO YDQ HHQ FLUFD YRXGLJ YHUJURRWWH SODQWDDUGLJH FHO 'RRU GH VWHUNH YHUJURWLQJ YDQ GH YROJHQGH RUJDDQFHOOHQ GXLGHOLMN WH KHUNHQQHQ Â&#x2021; .HUQ Â&#x2021; &KORURSODVWHQ Â&#x2021; 0LWRFKRQGULsQ Â&#x2021; (QGRSODVPDWLVFK UHWLFXOXP Â&#x2021; 'LFW\RVRPHQ Â&#x2021; 5LERVRPHQ +HW PRGHO LV JHVLWXHHUG RS HHQ YRHW GLH GH DDQJUHQ]HQGH FHOOHQ YRRUVWHOW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3ODQWDDUGLJH FHO 6RPVR %R6
¼
&KORURSODVW 6RPVR %R6 'LW LQ WZHH GHOHQ XLWQHHPEDUH PRGHO WRRQW HHQ YRXGLJ YHUJURRWWH EODGJURHQ NRUUHO LQ GULH YHUVFKLOOHQGH GRRUVQHGHQ ]RGDW HHQ ]HHU JRHG UXLPWHOLMN EHHOG YHUNUH JHQ ZRUGW (HQ GHHO YDQ GH JUDQDW\ODNRwGHQ PHW GH YHUELQGHQGH VWURPDW\ODNRwGHQ LV XLWQHHPEDDU +HW PRGHO ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
&KORURSODVW 6RPVR %R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
&(//(1/((5
02'(//(1
'LHUOLMNH FHO 6RPVR =R6 +HW PRGHO LV YHUYDDUGLJG YROJHQV GH PRGHUQVWH LQ]LFKWHQ LQ GH VWUXFWXUHQ YDQ GH GLHUOLMNH FHO 1DDVW GH YRRU GH FHOI\VLRORJLH EHODQJULMNH RUJDQHQ DOV Â&#x2021; .HUQ Â&#x2021; ( 5 Â&#x2021; 0LWRFKRQGULsQ Â&#x2021; 5LERVRPHQ Â&#x2021; 3RO\VRPHQ Â&#x2021; *ROJL DSSDUDDW EHYDW KHW PRGHO RRN VWUXFWXUHQ DOV Â&#x2021; &HQWULROHQ Â&#x2021; /\VRVRPHQ Â&#x2021; 9HWYDFXROHQ 'H GLGDFWLVFKH ZDDUGH YDQ GLW PRGHO ZRUGW YHUKRRJG GRRU GH WRHSDVVLQJ YDQ IXQFWL RQHOH NOHXUHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'LHUOLMNH FHO 6RPVR =R6
¼
'LHUOLMNH FHO 6RPVR =R6 'LW PRGHO WRRQW GH EHODQJULMNVWH VWUXFWXUHQ YDQ HHQ GLHUOLMNH FHO PHW GH RQGHUGHOHQ Â&#x2021; .HUQ Â&#x2021; (QGRSODVPDWLVFK UHWLFXOXP Â&#x2021; 0LWRFKRQGULsQ Â&#x2021; 5LERVRPHQ Â&#x2021; *ROJL DSSDUDDW HQ FHQWULROHQ 'LW UXLPWHOLMNH PRGHO LV EHGRHOG YRRU JHEUXLN ELM GH HOHPHQWDLUH EHKDQGHOLQJ YDQ FHOERXZ ,Q KRRJWH YHUVWHOEDDU RS VWDWLHI 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'LHUOLMNH FHO 6RPVR =R6
¼
&HOGHOLQJ 6RPVR =R6 6HULH YDQ PRGHOOHQ YRRUVWHOOHQGH GH IDVHQ YDQ GH YHJHWDWLHYH YHUPHQLJYXOGLJLQJ 'H PRGHOOHQ ]LMQ XLWVOXLWHQG DOV JHKHOH VHULH OHYHUEDDU $IJHEHHOG ]LMQ Â&#x2021; 3URIDVH PRGHO Â&#x2021; 0HWDIDVH PRGHO Â&#x2021; $QDIDVH PRGHO Â&#x2021; 7HORIDVH PRGHO *HZLFKW Â&#x2021; 0DVVD NJ
&HOGHOLQJ 6RPVR =R6
¼
.HUQIDVHQ ZLVVHOLQJ 6RPVR =R6 6HULH YDQ JHGHWDLOOHHUGH PRGHOOHQ GLH GXLGHOLMN GH FKURPRVRPHQ YDQ YDGHUOLMNH HQ PRHGHUOLMNH DINRPVW XLWEHHOGHQ 9HUGHU DIJHEHHOG ]LMQ GH KHWHURVRPHQ LQ GLYHUVH NOHXUHQ 'H GLYHUVH IDVHQ YDQ GH PHLRVH ELM ]DDG HQ HLFHOYRUPLQJ ]LMQ JHGHWDLOOHHUG ZHHUJHJHYHQ $DQGDFKW LV EHVWHHG DDQ GH NHUQVSRHO¿JXXU PHW KHW HTXDWRUYODN PRGHO HQ GH VLWXDWLH GLH RQWVWDDW QD GH WHORIDVH PRGHO 'H PRGHOOHQ ]LMQ RS DI]RQGHUOLMNH VWDWLHYHQ HQ JURQGSODWHQ JHPRQWHHUG /HYHULQJ XLWVOXLWHQG DOV JHKHOH VHULH *HZLFKW Â&#x2021; 0DVVD NJ
.HUQIDVHQ ZLVVHOLQJ 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
&(//(1/((5
+22)'678.
0LWRVH 6RPVR =R6 8LWJHEUHLGH VHULH YDQ PRGHOOHQ YRRUVWHOOHQGH GH PLWRVH 2SJHQRPHQ ]LMQ RRN ZLM]LJLQJHQ LQ KHW NDU\RSODVW KHW ( 5 HQ GH PLWRFKRQGULsQ ZDDUGRRU DDQ GH KDQG YDQ GH]H VHULH RRN GH FRPSOH[LWHLW YDQ GH FHOSURFHVVHQ NDQ ZRUGHQ JHWRRQG 'DDU WRH GUDJHQ RRN ELM GH XLWYRHULQJ LQ FRQWUDVWHUHQGH NOHXUHQ GH ¿MQH GHWDLOOHULQJ HQ GH PRJHOLMNKHLG ELM GH PRGHOOHQ GH NHUQVSRHOHQ WH NHUHQ ZDDUWRH GH]H NHUQVSRH OHQ GUDDLEDDU RQGHU WUDQVSDUDQWH NXQVWVWRI NDSMHV ZRUGHQ JHOHYHUG 8LWVOXLWHQG DOV JHKHOH VHULH OHYHUEDDU *HZLFKW Â&#x2021; 0DVVD NJ
0LWRVH 6RPVR =R6
¼
0HLRVH 6RPVR =R6 'H]H VHULH YDQ PRGHOOHQ RPYDW GH UHGXFWLHGHOLQJ DDQ GH KDQG YDQ PRGHOOHQ HQ GDDUQDDVW QRJ PRGHOOHQ GLH KLHURS HHQ LQOHLGLQJ YRUPHQ 8LWVOXLWHQG DOV JHKHOH VHULH OHYHUEDDU *HZLFKW Â&#x2021; 0DVVD NJ
0HLRVH 6RPVR =R6
¼
(LNOLHYLQJ HQ NLHPEODGYRUPLQJ 6RPVR =R6 'H]H VHULH YDQ PRGHOOHQ WRRQW GH HTXDWRULDOH HLNOLHYLQJ HQ GH NLHPEODGYRUPLQJ ELM KHW ODQFHWYLVMH LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 8LWVOXLWHQG DOV VHULH YHUNULMJEDDU *HZLFKW Â&#x2021; 0DVVD NJ
(LNOLHYLQJ HQ NLHPEODGYRUPLQJ 6RPVR =R6
¼
&KURPRVRPHQ 6RPVR =R6 +HW PRGHO PDDO YHUJURRW WRRQW DDQ GDW FKURPRVRPHQ XLW '1$ EHVWDDQ GLH URQG VWUXFWXXU HLZLWWHQ ]LMQ JHZRQGHQ HQ WLMGHQV GH GHOLQJ VWDDIYRUPLJ ]LMQ 9RRU GH FHOGHOLQJ GXSOLFHHUW LHGHU FKURPRVRRP ]LFK HQ RQWVWDDW HU HHQ ; YRUPLJH VWUXFWXXU %LM GHOLQJ YDQ GH FHO ZRUGHQ GH FKURPRVRPHQ JHVFKHLGHQ &KURPRVRRP HQ NRSLH ]LMQ PHW HONDDU YHUERQGHQ GRRU GH FHQWURPHHU 1LHW XLWQHHPEDDU RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
&KURPRVRPHQ 6RPVR =R6
¼
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'1$ 'XEEHOKHOL[ 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
3ODQWNXQGH
'RRUVQHGH PRGHOOHQ 3DGGHVWRHOHQ %ORHPPRGHOOHQ
'22561('( 02'(//(1
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+22)'678.
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:RUWHOGRRUVQHGH 6RPVR %R6 (
¼
9DDWEXQGHO 6RPVR %R6 /HQJWH HQ GZDUVGRRUVQHGHPRGHO YDQ GH RSHQ FROODWHUDOH YDDWEXQGHO YDQ HHQ WZHH]DDGOREELJH SODQW 'LW ppQGHOLJH PRGHO LV HHQ FLUFD YRXGLJH YHUJURWLQJ YDQ GH PLFURVFRSLVFKH YDDWEXQGHOVWUXFWXXU HQ ZRUGW JHOHYHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9DDWEXQGHO 6RPVR %R6
¼
6WHQJHO PRQRFRW\O 6RPVR %R6 +HW PRGHO WRRQW HHQ GHHO YDQ GH VWHQJHO YDQ HHQ PDwVSODQW LQ OHQJWH HQ GZDUVGRRU VQHGH ZDDUELM GH NDUDNWHULVWLHNH YDDWEXQGHOVWUXFWXUHQ ]HHU GXLGHOLMN KHUNHQEDDU ]LMQ +HW YRXGLJ YHUJURRW PRGHO UXVW RS HHQ JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6WHQJHO PRQRFRW\O 6RPVR %R6
¼
+RXWJHZDV HHQMDULJH VWDP 6RPVR %R6 ( 'RRUVQHGH YDQ HHQ ppQMDULJH VWDP YDQ HHQ KRXWJHZDV YRXGLJ YHUJURRW RS HHQ JURQGSODDW PHW EHVFKULMYLQJ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+RXWJHZDV HHQMDULJH VWDP 6RPVR %R6 (
¼
/RRW DV 6RPVR %R6 +HW PRGHO WRRQW HHQ YRXGLJ YHUJURRW GHHO YDQ KHW SHULIHUH GHHO YDQ HHQ ORRW DV 2S JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/RRW DV 6RPVR %R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
3/$17.81'(
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'HQQHQKRXW 6RPVR %R6
¼
7ZLMJ YDQ HHQ OLQGH 6RPVR %R6 +HW PRGHO WRRQW HHQ GHHO YDQ HHQ WZHHMDULJH WZLMJ YDQ HHQ OLQGH PHW ]RZHO OHQJWH GZDUV UDGLDOH DOV WDQJHQWLDOH GRRUVQHGHQ LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 2S JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7ZLMJ YDQ HHQ OLQGH 6RPVR %R6
¼
/RRIEODG 6RPVR %R6 'RRUVQHGHPRGHO YDQ HHQ ORRIEODG LQ FLUFD YRXGLJH YHUJURWLQJ +HW PRGHO WRRQW GH PLFURVFRSLVFKH ERXZ DDQ GH KDQG YDQ PHHUGHUH OHQJWH HQ GZDUVGRRUVQHGHQ 2S JURQGSODDW PHW WRHOLFKWLQJ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/RRIEODG 6RPVR %R6
¼
%ODG NHUVWURRV %R6 'RRUVQHGH GRRU HHQ EODG YDQ GH NHUVWURRV +HW PRGHO LV HHQ YRXGLJH YHU JURWLQJ PHW GH ERYHQHSLGHUPLV PHW FXWLFXOD KHW SDOLVVDGHQ HQ VSRQVSDUHQFK\P YDDWEXQGHOV GH RQGHUHSLGHUPLV HQ GH KXLGPRQGMHV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%ODG NHUVWURRV %R6
¼
+XLGPRQGMH %R6 +HW PRGHO WRRQW GH RQGHU]LMGH YDQ HHQ EODG YDQ GH NHUVWURRV PHW KXLGPRQGMH +HW EHVWDDW XLW WZHH GHOHQ GLH HON HHQ DDQWDO FHOOHQ HQ GH DGHPKROWH ODWHQ ]LHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+XLGPRQGMH %R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
'22561('( 02'(//(1
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0DwVEODG %R6
¼
:RUWHOWRS JHUVW 6RPVR %R6 :RUWHOWRS YDQ GH JHUVW LQ GZDUV HQ ODQJVGRRUVQHGH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
:RUWHOWRS JHUVW 6RPVR %R6
¼
%HYUXFKWLQJ ELM DQJLRVSHUPHQ 6RPVR %R6 +HW YRXGLJ YHUJURRW PRGHO WRRQW R D KHW YUXFKWEHJLQVHO PHW HPEU\R]DN LQ OHQJWHGRRUVQHGH HQ HHQ RSHQJHZHUNWH KHOPNQRS YDQ HHQ GXL]HQGNQRRS +HW QLHW XLWQHHPEDUH PRGHO LV EHYHVWLJG RS HHQ JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%HYUXFKWLQJ ELM DQJLRVSHUPHQ 6RPVR %R6
¼
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.LHPLQJVPRGHO 6RPVR %R6
¼
7DUZHNRUUHO 6RPVR %R6 9HHOYRXGLJ YHUJURRW PRGHO RS HHQ VWDWLHI HQ JURQGSODDW JHPRQWHHUG =HHU JHGHWDLO OHHUGH ZHHUJDYH YDQ GH YROJHQGH GHOHQ Â&#x2021; =DDGORE Â&#x2021; =DDGKXLG Â&#x2021; (QGRVSHUP Â&#x2021; 9UXFKWZDQG Â&#x2021; :RUWHOWMH Â&#x2021; :RUWHOVFKHGH Â&#x2021; 3OXLPSMH Â&#x2021; &ROHRSWLHO GH VWHQJHOVFKHGH ,Q GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7DUZHNRUUHO 6RPVR %R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
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:RUWHO 8L 6RPVR %R6
¼
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3DGGHVWRHO ERXZZLM]HQ 6RPVR %R6
¼
3DGGHVWRHOHQ RQWZLNNHOLQJ 6RPVR %R6 +HW PRGHO WRRQW GH RQWZLNNHOLQJ YDQ HHQ YLMIWDO SDGGHVWRHOHQ :HHUJHJHYHQ ]LMQ KHW P\FHOLXP GLYHUVH RQWZLNNHOLQJVVWDGLD HQ KHW ULMSH YUXFKWOLFKDDP YDQ Â&#x2021; *URHQH NQRODPDQLHW Â&#x2021; .DVWDQMHEROHHW Â&#x2021; &KDPSLJQRQ Â&#x2021; *HVFKXEGH VWHNHO]ZDP Â&#x2021; *HZRUWHOGH VOLMPSDGGHVWRHO ,Q GHOHQ XLWQHHPEDDU RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3DGGHVWRHOHQ RQWZLNNHOLQJ 6RPVR %R6
¼
+RQLQJ]ZDP 6RPVR %R6 *URHS WRRQW ]HV YHUVFKLOOHQGH RQWZLNNHOLQJVVWDGLD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+RQLQJ]ZDP 6RPVR %R6
¼
*URHQH NQRODPDQLHW 6RPVR %R6 'ULH YHUVFKLOOHQGH RQWZLNNHOLQJVVWDGLD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*URHQH NQRODPDQLHW 6RPVR %R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
3$''(672(/(1
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&KDPSLJQRQ 6RPVR %R6
¼
+DQHQNDP FDQWKDUHO 6RPVR %R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DQHQNDP FDQWKDUHO 6RPVR %R6
¼
(HNKRRUQWMHVEURRG 6RPVR %R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(HNKRRUQWMHVEURRG 6RPVR %R6
¼
9OLHJHQ]ZDP 6RPVR %R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9OLHJHQ]ZDP 6RPVR %R6
¼
.DVWDQMHEROHHW 6RPVR %R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.DVWDQMHEROHHW 6RPVR %R6
¼
*URWH SDUDVRO]ZDP 6RPVR %R6 ([WUD JURWH SDGGHVWRHO 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*URWH SDUDVRO]ZDP 6RPVR %R6
¼
$DUGDSSHOERYLVW 6RPVR %R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$DUGDSSHOERYLVW 6RPVR %R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
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3/$17.81'(
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¼
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%HUNHQEROHHW 6RPVR %R6
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.QRSVFKLPPHO 6RPVR %R6
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3DDUGHQVWDDUW VSRURSK\O 6RPVR %R6
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/HYHUPRV 6RPVR %R6 $
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3DDUGHQVWDDUW 6RPVR %R6 $
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0DQQHWMHVYDUHQ VSRUDQJLXP 6RPVR %R6 $
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0DQQHWMHVYDUHQ SURWKDOOLXP 6RPVR %R6
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6WHUUHQPRV 6RPVR %R6
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5RJJH DDU 6RPVR %R6
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'HQ PDQQHOLMNH EORHLZLM]H 6RPVR %R6
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'HQ YURXZHOLMNH EORHLZLM]H 6RPVR %R6
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%HGHNW]DGLJH SODQW EORHLZLM]H 6RPVR %R6
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6DOYLD EORHP 6RPVR %R6 1DWXXUJHWURXZH ZHHUJDYH YDQ HHQ EORHP YDQ GH VDOYLD LQ HHQ FLUFD YRXGLJH YHU JURWLQJ +HW KHIERRPPHFKDQLVPH HQ GH URO KLHUYDQ ELM GH EHVWXLYLQJ GRRU LQVHFWHQ NDQ GXLGHOLMN ZRUGHQ JHGHPRQVWUHHUG (pQGHOLJ PRGHO RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLJHQ [ [ PP Â&#x2021; 0DVVD NJ
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(UZW EORHP 6RPVR %R6
¼
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6OHXWHOEORHP 6RPVR %R6
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%RWHUEORHP 6RPVR %R6 $
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%RWHUEORHP YUXFKW 6RPVR %R6 %
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$SSHOEORHVHP 6RPVR %R6
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¼
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/DQFHWYLVMH RXGHUH ODUYH 6RPVR =R6 /
¼
/DQFHWYLVMH 6RPVR =R6 0 +HW GULHGHOLJH PRGHO WRRQW HHQ YROZDVVHQ ODQFHWYLVMH LQ OHQJWHGRRUVQHGH LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 8LW ppQ YDQ GH KHOIWHQ NDQ HHQ GHHO YDQ KHW GDUP NDQDDO ZRUGHQ XLWJHQRPHQ ZDDUGRRU GH RYHULJH LQZHQGLJH RUJDQHQ GXLGHOLMNHU WH KHUNHQQHQ ]LMQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/DQFHWYLVMH 6RPVR =R6 0
¼
/DQFHWYLVMH GZDUVGRRUVQHGH 6RPVR =R6 1 +HW PRGHO WRRQW GZDUVGRRUVQHGHQ WHU KRRJWH YDQ GH NLHXZHQ HQ GH GDUPUHJLRQHQ YDQ HHQ YROZDVVHQ ODQFHWYLVMH LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/DQFHWYLVMH GZDUVGRRUVQHGH 6RPVR =R6 1
¼
:HUNELM 6RPVR =R6 9DQ KHW FLUFD YRXGLJ YHUJURRW PRGHO YDQ HHQ KRQLQJELM LV ppQ SRRW DIQHHPEDDU ZDDUPHH KHW NRUIMH PHW KHW YHU]DPHOGH VWXLIPHHO JHWRRQG NDQ ZRUGHQ %RYHQGLHQ LV GH KRQLQJNOLHU PHW HHQ VWXN YDQ KHW GDUPJHGHHOWH XLWQHHPEDDU ZDDUQD GH RQGHUOLJ JHQGH DQJHO HQ JLIEODDV ]LFKWEDDU ZRUGHQ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
:HUNELM 6RPVR =R6
¼
%LM DFKWHUSRWHQ 6RPVR =R6 +HW IXQFWLHPRGHO NDQ JHEUXLNW ZRUGHQ RP RS ELM]RQGHU YHUGXLGHOLMNHQGH ZLM]H HQNHOH SRRWIXQFWLHV WRH WH OLFKWHQ ]RDOV KHW YHJHQ YDQ KHW OLFKDDP HQ KHW YHU]DPHOHQ YDQ VWXLIPHHONRUUHOV LQ KHW NRUIMH 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%LM DFKWHUSRWHQ 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
02'(//(1
5RGH ERVPLHU 6RPVR =R6 +HW FLUFD YRXGLJ YHUJURRW PRGHO VWHOW GH ZHUNVWHU YRRU YDQ GH URGH ERVPLHU *HPRQWHHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
5RGH ERVPLHU 6RPVR =R6
¼
7HHN YUO 6RPVR =R6 2QWZLNNHOG LQ VDPHQZHUNLQJ PHW &KULVWLDQ *URÂ&#x2030; &LUFD YRXGLJH YHUJURWLQJ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7HHN 6RPVR =R6
¼
%ODGOXLV 6RPVR =R6 1LHW JHYOHXJHOGH UR]HQEODGOXLV FLUFD YRXGLJ YHUJURRW 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%ODGOXLV 6RPVR =R6
¼
.DWWHQYOR 6RPVR =R6 0RGHO NDWWHQYOR FLUFD YRXGLJ YHUJURRW 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.DWWHQYOR 6RPVR =R6
¼
+RRIGOXLV 6RPVR =R6 1LHW XLWQHHPEDDU PRGHO YDQ HHQ KRRIGOXLV PHW HHQ JURWH PDWH YDQ GHWDLO &LUFD YRXGLJH YHUJURWLQJ 0RGHO ZRUGW JHOHYHUG RS HHQ VWDWLHI 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+RRIGOXLV 6RPVR =R6
¼
9OLQGHU NRS 6RPVR =R6 1DWXXUJHWURXZ PRGHO YDQ GH NRS YDQ HHQ NRROZLWMH FLUFD YRXGLJ YHUJURRW HQ LQ GHOHQ XLWQHHPEDDU 'H UROWRQJ ZRUGW ]RZHO LQ RSJHUROGH DOV LQ XLWJHVWUHNWH WRHVWDQG PHHJHOHYHUG 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9OLQGHU NRS 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
',(5.81'(
+22)'678.
6WHHNPXJ NRS 6RPVR =R6 .RS YDQ HHQ YURXZWMHVPXJ FLUFD YRXGLJ YHUJURRW $OOH GHOHQ DOV UROWRQJ WDVWHUV QHYHQRJHQ HQ KHW NDDNJHGHHOWH ]LMQ GXLGHOLMN HQ LQ RQGHUOLQJ FRUUHFWH YHUKRXGLQJHQ DIJHEHHOG +HW ERYHQNDDNJHGHHOWH LV EHZHHJEDDU DDQJHEUDFKW RP GH IXQFWLH HUYDQ WH NXQQHQ GHPRQVWUHUHQ +HW PRGHO LV QLHW XLWQHHPEDDU HQ VWDDW RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6WHHNPXJ NRS 6RPVR =R6
¼
+XLVYOLHJ NRS 6RPVR =R6 *HGHWDLOOHHUG PRGHO LQ FLUFD YRXGLJH YHUJURWLQJ 9DQ GLW PRGHO LV KHW ERYHQNDDN JHGHHOWH EHZHHJEDDU ]RGDW GH IXQFWLH HUYDQ NDQ ZRUGHQ YHUGXLGHOLMNW +HW ppQGH OLJH PRGHO VWDDW RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+XLVYOLHJ NRS 6RPVR =R6
¼
.DNNHUODN NRS 6RPVR =R6 'H NDXZHQGH ELMWHQGH PRQGGHOHQ ]LMQ EHZHHJEDDU HQ NXQQHQ GLHQHQ DOV EDVLVYRRU EHHOG YDQ GH PRQGGHOHQ ELM LQVHFWHQ LQ KHW DOJHPHHQ 'LW GHOLJH PRGHO YDQ GH NRS YDQ GH $PHULNDDQVH NDNNHUODN VWDDW RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.DNNHUODN NRS 6RPVR =R6
¼
+RQLQJELM NRS 6RPVR =R6 +HW FLUFD YRXGLJ YHUJURRW PRGHO ODDW R D RS GXLGHOLMNH ZLM]H GH IXQFWLH HQ ZHUNLQJ YDQ GH NDXZHQGH OLNNHQGH PRQGGHOHQ ]LHQ 'H ERYHQNDDN LV EHZHHJEDDU ,Q GHOHQ XLWQHHPEDDU PRGHO RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+RQLQJELM NRS 6RPVR =R6
¼
.HYHU NRS 6RPVR =R6 9DQ GLW ]HHU JHGHWDLOOHHUGH PRGHO YDQ GH NRS YDQ GH JRXGHQ ORRSNHYHU ]LMQ GH RQGHUNDDN GH GH EHQHGHQOLS HQ GH DQWHQQHV DIQHHPEDDU 'H VWUXFWXXU YDQ GH IDFHWRJHQ LV HQLJV]LQV YHUHHQYRXGLJG ZHHUJHJHYHQ 7RWDDO GHOLJ PRGHO RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ PHW YRHOHUV [ PP Â&#x2021; 0DVVD NJ
.HYHU NRS 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
5(37,(/(1
)DFHWRRJ 6RPVR =R6 0RGHO YDQ HHQ IDFHWRRJ LQ HHQ FLUFD YRXGLJH YHUJURWLQJ +HW PRGHO WRRQW GH KLVWRORJLVFKH ERXZ YDQ HHQ LQVHFWHQRRJ LQ ¿MQH GHWDLOV 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
)DFHWRRJ 6RPVR =R6
¼
5(37,(/(1 $OSHQVDODPDQGHU 6RPVR =R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$OSHQVDODPDQGHU 6RPVR =R6
¼
*HYOHNWH ODQGVDODPDQGHU PDQQHOLMN 6RPVR =R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HYOHNWH ODQGVDODPDQGHU PDQQHOLMN 6RPVR =R6
¼
*HYOHNWH ODQGVDODPDQGHU YURXZHOLMN 6RPVR =R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HYOHNWH ODQGVDODPDQGHU YURXZHOLMN 6RPVR =R6
¼
$OSHQZDWHUVDODPDQGHU SDDUWMH 6RPVR =R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$OSHQZDWHUVDODPDQGHU P YU 6RPVR =R6
¼
=ZHPYRHWVDODPDQGHU SDDUWMH 6RPVR =R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
=ZHPYRHWVDODPDQGHU P YU 6RPVR =R6
¼
.DPVDODPDQGHU SDDUWMH 6RPVR =26 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.DPVDODPDQGHU P YU 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
5(37,(/(1
',(5.81'(
+22)'678.
.OHLQH ZDWHUVDODPDQGHU SDDUWMH 6RPVR =R6 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.OHLQH ZDWHUVDODPDQGHU P YU 6RPVR =R6
¼
9URHGPHHVWHUSDG PDQQHOLMN PHW HLHUHQ 6RPVR =R6 $O\WHV REVWHWULFDQV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9URHGPHHVWHUSDG PDQ PHW HLHUHQ 6RPVR =R6
¼
9URHGPHHVWHUSDG YURXZHOLMN 6RPVR =R6 $O\WHV REVWHWULFDQV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9URHGPHHVWHUSDG YURXZHOLMN 6RPVR =R6
¼
*HHOEXLNSDGMH 6RPVR =R6 %RPELQD YDULHJDWD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HHOEXLNSDGMH 6RPVR =R6
¼
5RRGEXLNSDGMH 6RPVR =R6 %RPELQD ERPELQD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
5RRGEXLNSDGMH 6RPVR =R6
¼
.QRÃ&#x20AC;RRNSDG 6RPVR =R6 3HOREDWHV IXVFXV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.QRÃ&#x20AC;RRNSDG 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
5(37,(/(1
*HZRQH SDG PDQQHOLMN 6RPVR =R6 %XIR EXIR 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HZRQH SDG PDQQHOLMN 6RPVR =R6
¼
*HZRQH SDG YURXZHOLMN 6RPVR =R6 %XIR EXIR 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HZRQH SDG YURXZHOLMN 6RPVR =R6
¼
*HVWUHHSWH SDG 6RPVR =R6 %XIR FDODPLWD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HVWUHHSWH SDG 6RPVR =R6
¼
*URHQH SDG 6RPVR =R6 %XIR YLULGLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*URHQH SDG 6RPVR =R6
¼
%RRPNLNNHU YURXZHOLMNH H[HPSODUHQ 6RPVR =R6 +\OD DERUHD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%RRPNLNNHU [ YURXZHOLMNH 6RPVR =R6
¼
%UXLQH NLNYRUV PDQQHOLMN 6RPVR =R6 5DQD WHPSRUDULD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%UXLQH NLNYRUV PDQQHOLMN 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
5(37,(/(1
',(5.81'(
+22)'678.
%UXLQH NLNYRUV YURXZHOLMN 6RPVR =R6 5DQD WHPSRUDULD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%UXLQH NLNYRUV YURXZHOLMN 6RPVR =R6
¼
+HLGHNLNYRUV 6RPVR =R6 5DQD DUYDOLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+HLGHNLNYRUV 6RPVR =R6
¼
6SULQJNLNYRUV 6RPVR =R6 5DQD GDOPDWLQD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6SULQJNLNYRUV 6RPVR =R6
¼
6ORRWNLNYRUV 6RPVR =R6 /HVVRQDH NOHLQH JURHQH NLNNHU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6ORRWNLNYRUV 6RPVR =R6
¼
0RHUDVNLNYRUV 6RPVR =R6 5DQD ULGLEXQGD JURWH JURHQH NLNNHU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
0RHUDVNLNYRUV 6RPVR =R6
¼
*URHQH NLNYRUV PDQQHOLMN 6RPVR =R6 5DQD HVFXOHQWD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*URHQH NLNYRUV PDQQHOLMN 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
5(37,(/(1
*URHQH NLNYRUV YURXZHOLMN 6RPVR =R6 5DQD HVFXOHQWD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*URHQH NLNYRUV YURXZHOLMN 6RPVR =R6
¼
$PHULNDDQVH VWLHUNLNNHU =R6 5DQD FDWHVEHLQD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$PHULNDDQVH VWLHUNLNNHU =R6
¼
(XURSHVH PRHUDVVFKLOGSDG 6RPVR =R6 (P\V RUELFXODULV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(XURSHVH PRHUDVVFKLOGSDG 6RPVR =R6
¼
*ULHNVH ODQGVFKLOGSDG PQO 6RPVR =R6 7HVWXGR KHUPDQQL 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*ULHNVH ODQGVFKLOGSDG PQO 6RPVR =R6
¼
+D]HOZRUP KDOIZDV 6RPVR =R6 $QJXLV IUDJLOLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+D]HOZRUP KDOIZDV 6RPVR =R6
¼
+D]HOZRUP YROZDVVHQ 6RPVR =26 $QJXLV IUDJLOLV YURXZHOLMN
2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+D]HOZRUP YROZDVVHQ 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
5(37,(/(1
',(5.81'(
+22)'678.
0XXUKDJHGLV 6RPVR =R6 3RGDUFLV PXUDOLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
0XXUKDJHGLV 6RPVR =R6
¼
6PDUDJGKDJHGLV YROZDVVHQ 6RPVR =R6 /DFHUWD YLULGLV PDQQHOLMN
2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6PDUDJGKDJHGLV YROZDVVHQ 6RPVR =R6
¼
6PDUDJGKDJHGLV KDOIZDV 6RPVR =R6 /DFHUWD YLULGLV YURXZHOLMN
2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6PDUDJGKDJHGLV KDOIZDV 6RPVR =R6
¼
/HYHQGEDUHQGH KDJHGLV PDQQHOLMN 6RPVR =R6 /DFHUWD YLYLSDUD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/HYHQGEDUHQGH KDJHGLV PDQQHOLMN 6RPVR =R6
¼
/HYHQGEDUHQGH KDJHGLV YURXZHOLMN 6RPVR =R6 /DFHUWD YLYLSDUD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/HYHQGEDUHQGH KDJHGLV YURXZHOLMN 6RPVR =R6
¼
=DQG RI GXLQKDJHGLV YURXZHOLMN 6RPVR =R6 /DFHUWD DJLOLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
=DQG RI GXLQKDJHGLV YURXZHOLMN 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
5(37,(/(1
=DQG RI GXLQKDJHGLV PDQQHOLMN 6RPVR =R6 /DFHUWD DJLOLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
=DQG RI GXLQKDJHGLV PDQQHOLMN 6RPVR =R6
¼
(VFXODDSVODQJ PDQQHOLMN 6RPVR =R6 (ODSKH ORQJLVVLPD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(VFXODDSVODQJ PDQQHOLMN 6RPVR =R6
¼
*ODGGH VODQJ PDQQHOLMN 6RPVR =R6 &RURQHOOD DXVWULDFD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*ODGGH VODQJ PDQQHOLMN 6RPVR =R6
¼
5LQJVODQJ YURXZHOLMN 6RPVR =R6 1DWUL[ QDWUL[ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
5LQJVODQJ YURXZHOLMN 6RPVR =R6
¼
'REEHOVWHHQVODQJ YURXZHOLMN 6RPVR =R6 1DWUL[ WHVVHODWD 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'REEHOVWHHQVODQJ YURXZHOLMN 6RPVR =R6
¼
$VSLVDGGHU PDQQHOLMN 6RPVR =R6 9LSHUD DVSLV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$VSLVDGGHU PDQQHOLMN 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*(:(59(/'( ',(5(1
',(5.81'(
+22)'678.
$GGHU MRQJ PDQQHWMH 6RPVR =R6 9LSHUD EHUXV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$GGHU MRQJ PDQQHWMH 6RPVR =R6
¼
=DQGDGGHU YURXZHOLMN 6RPVR =R6 9LSHUD DPPRG\WHV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
=DQGDGGHU YURXZHOLMN 6RPVR =R6
¼
*(:(59(/'( ',(5(1 6SLHJHONDUSHU 6RPVR =R6 'LW PRGHO WRRQW DDQ ppQ ]LMGH GH XLWHUOLMNH ERXZ YDQ HHQ VSLHJHO RI HGHONDUSHU HQ LV DDQ GH DQGHUH ]LMGH YROOHGLJ RSHQJHZHUNW ,QJHZDQGHQ JHVODFKWVRUJDDQ HQ ]ZHP EODDV ]LMQ XLWQHHPEDDU +HW GHOLJH PRGHO UXVW RS HHQ VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6SLHJHONDUSHU 6RPVR =R6
¼
.LS 6RPVR =R6 'LW PRGHO RS ZDUH JURRWWH WRRQW HQHU]LMGV KHW YHUHQNOHHG HQ DQGHU]LMGV GH LQZHQGLJH RUJDQHQ ZDDUYDQ GH OLQNHUORQJKHOIW GH PDDJ HQ HHQ GHHO YDQ GH OHYHU XLWQHHP EDDU ]LMQ %RYHQGLHQ LV KHW PRJHOLMN GH WRWDOH URPS YDQ KHW YHUHQNOHHG WH VFKHLGHQ ]RGDW RRN KHW VSLHUVWHOVHO JHWRRQG NDQ ZRUGHQ 'LW GHOLJH PRGHO ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LS 6RPVR =R6
¼
.LSSHQHL 6RPVR =R6 'LW PRGHO WRRQW HHQ KDOIRSHQJHZHUNWH KHOIW YDQ HHQ EHYUXFKW RQEHEURHG HL LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 2RN HHQ JHGHHOWH YDQ GH GRRLHU LV RSHQJHZHUNW 2S HHQ VWHYLJ VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LSSHQHL 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
*(:(59(/'( ',(5(1
.LHPVFKLMI 6RPVR =R6 'LW FLUFD YRXGLJ YHUJURRW PRGHO YDQ HHQ NLHPVFKLMI XLW HHQ RQEHEURHG EHYUXFKW NLSSHQHL WRRQW R D KHW SULPDLUH HFWRGHUP HQ KHW HQGRGHUP 2S VWDWLHI PHW JURQG SODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LHPVFKLMI 6RPVR =R6
¼
.LSSHQHPEU\R 6RPVR =R6 'LW PRGHO WRRQW HHQ GRRUVQHGH YDQ GH NLHP]RQH YDQ HHQ NLSSHQHPEU\R QD FLUFD XULJH EHEURHGLQJ +HW PRGHO LV LQ GHOHQ XLWQHHPEDDU HQ LV FLUFD YRXGLJ YHUJURRW 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LSSHQHPEU\R 6RPVR =R6
¼
.LSSHQHPEU\R 6RPVR =R6 'LW PRGHO YDQ HHQ XXU EHEURHG NLSSHQHPEU\R LV WZHHGHOLJ HQ WRRQW RQGHUPHHU VRPLHWHQ KDUW NRSGDUP HQ QHXUDOH EXLV 'LW FLUFD YRXGLJ YHUJURRW PRGHO ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LSSHQHPEU\R 6RPVR =R6
¼
.LSSHQHPEU\R 6RPVR =R6 'LW PRGHO WRRQW HHQ YDQ GH GRRLHUPDVVD JHVFKHLGHQ HPEU\R QD FLUFD XULJH EH EURHGLQJ +HW ODDW GXLGHOLMN GH EXLJLQJ YDQ GH QHN GH GUDDLLQJ YDQ KHW YRRUOLMI HQ GH GDDUPHH VDPHQKDQJHQGH YHUDQGHULQJHQ YDQ OLJJLQJ YDQ GH UXGLPHQWDLUH RUJDQHQ ]LHQ +HW YRXGLJ YHUJURRW PRGHO ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LSSHQHPEU\R 6RPVR =R6
¼
.LSSHQHPEU\R 6RPVR =R6 'LW DDQ GH UHFKWHU]LMGH RSHQJHZHUNW PRGHO YDQ FLUFD GDJHQ EHEURHG NLSSHQHP EU\R WRRQW GH GLYHUVH RUJDQHQ HHQ HQ OLFKDDPVGHOHQ LQ RQWZLNNHOLQJ ]RDOV FHQWUDDO ]HQXZVWHOVHO UXGLPHQWHQ YDQ GDUPHQ KDUW ORQJ OHYHU PDDJ QLHU HQ GH GLYHUVH H[WUHPLWHLWHQ +HW PRGHO LV FLUFD YRXGLJ YHUJURRW HQ ZRUGW JHOHYHUG RS HHQ VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.LSSHQHPEU\R 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*(:(59(/'( ',(5(1
',(5.81'(
+22)'678.
3DDUGHQYRHW PHW EDQGHQ EORHGYDWHQ HQ ]HQXZHQ 6RPVR =R6 1DWXXUOLMNH JURRWWH RS JURQGSODDW LQ GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3DDUGHQYRHW PHW EDQGHQ 6RPVR =R6
¼
9DUNHQ 6RPVR =R6 0RGHO YDQ HHQ ]HXJ RS FLUFD GH KHOIW YDQ GH ZDUH JURRWWH 'H UHFKWHU]LMGH WRRQW GH XLWZHQGLJH KXLG GH OLQNHU]LMGH GH RSSHUYODNWHVSLHUHQ %RYHQGLHQ ]LMQ RRN GH YRRU SRRW HQ GH NRSKHOIW YDQ GH OLQNHU]LMGH DIQHHPEDDU +HW PRGHO LV RYHUODQJV LQ WZHH GHOHQ WH VSOLWVHQ ZDDUQD GH LQZHQGLJH RUJDQHQ JURWHQGHHOV XLWQHHPEDDU ]LMQ 'LW GHOLJH PRGHO VWDDW RS HHQ GHHOEDDU VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9DUNHQ 6RPVR =R6
¼
5XQG 6RPVR =R6 +HW PRGHO WRRQW HHQ UXQG RS FLUFD YDQ GH QDWXXUOLMNH JURRWWH LQ HHQ PHGLDQH GRRUVQHGH $DQ GH EXLWHQ]LMGH WRRQW GH OLQNHUKHOIW GH KXLG HQ GH UHFKWHUKHOIW GH RSSHUYODNWHVSLHUHQ 'H UHFKWHUYRRUSRRW KHW VFKRXGHUEODG HQ GH WZHHKRRIGLJH EHHQVSLHU ]LMQ DIQHHPEDDU 'H XLHU WRRQW GHWDLOV YDQ GH RSKDQJLQJ HQ GH EORHG HQ O\PIHYDWHQ 'H KHUNDXZHUVPDDJ NDQ JHRSHQG ZRUGHQ 8LWQHHPEDDU ]LMQ YHUGHU Â&#x2021; /RQJHQ
Â&#x2021; +DUW
Â&#x2021; 'XQQH GDUP Â&#x2021; 'LNNH GDUP Â&#x2021; +HUNDXZHUVPDDJ Â&#x2021; %DDUPRHGHUKHOIW Â&#x2021; 8LHUKHOIW +HW PRGHO LV JHPRQWHHUG RS HHQ GXEEHO XLWVFKXLIEDDU VWDWLHI GDW LV YRRU]LHQ YDQ ZLHOHQ 7RWDDO GHOHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
5XQG 6RPVR =R6
¼
5XQG PDDJ 6RPVR =R6 'LW GULHGHOLJH PRGHO YDQ HHQ UXQGHUPDDJ RS FLUFD GHHO YDQ GH ZDUH JURRWWH WRRQW DOOH RQGHUGHOHQ YDQ HHQ W\SLVFKH KHUNDXZHUVPDDJ ]RDOV Â&#x2021; 3HQV Â&#x2021; 1HWPDDJ Â&#x2021; %RHNPDDJ Â&#x2021; /HEPDDJ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
5XQG PDDJ 6RPVR =R6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
*(:(59(/'( ',(5(1
.RH XLHU 6RPVR =R6 'LW PRGHO WRRQW GH DQDWRPLH YDQ HHQ XLHU RS ZDUH JURRWWH DDQ GH KDQG YDQ GLYHUVH GRRUVQHGHQ +HW GHOLJH PRGHO ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.RH XLHU 6RPVR =R6
¼
.DW 6RPVR =R6 +HW PRGHO WRRQW HHQ NDW RS ZDUH JURRWWH LQ HHQ PHGLDQH GRRUVQHGH $DQ GH EXLWHQ]LMGH WRRQW GH UHFKWHU KHOIW GH RSERXZ YDQ KHW VNHOHW HQ LV YRRU]LHQ YDQ HHQ WUDQVSDUDQWH EHKXL]LQJ 'H OLQNHU KHOIW WRRQW GH VSLHUHQ UHFKWHU ORQJKHOIW KDUW OHYHU PDDJ GDUPHQ PHW PLOW +HW PRGHO LV LQ GHOHQ XLWQHHPEDDU *HPRQWHHUG RS HHQ VWDWLHI HQ GHHOEDUH JURQGSODDW .DW 6RPVR =R6
¼
+DUW W\SHQ 6RPVR =R6 6HULH KDUWPRGHOOHQ YDQ JHZHUYHOGH GLHUHQ WHU YHUJHOLMNLQJ YDQ GH YHUVFKLOOHQ LQ ERXZ 8LWQHHPEDUH XLWYRHULQJ ZDDUGRRU GH LQZHQGLJH VWUXFWXXU NDQ ZRUGHQ XLWJH OHJG WHUZLMO ELM HON PRGHO GH JDQJ YDQ GH EORHGVWURRP LV DDQJHJHYHQ ,HGHU PRGHO LV DI]RQGHUOLMN RS VWDWLHI PHW JURQGSODDW JHPRQWHHUG 'H]H VHULH EHVWDDW XLW GH YROJHQGH PRGHOOHQ GLH LQ RQGHUOLQJH YHUKRXGLQJ ]LMQ YHUJURRW Â&#x2021; 9LV Â&#x2021; .LNNHU Â&#x2021; .URNRGLO Â&#x2021; 6FKLOGSDG Â&#x2021; 9RJHO Â&#x2021; +RQG Â&#x2021; 0HQV *HZLFKW Â&#x2021; 0DVVD NJ
+DUW W\SHQ 6RPVR =R6
¼
+HUVHQ W\SHQ 6RPVR =R6 6HULH KHUVHQPRGHOOHQ YDQ JHZHUYHOGH GLHUHQ ,Q RQGHUOLQJH YHUKRXGLQJ YHUJURWH PRGHOOHQ RS DI]RQGHUOLMNH VWDWLHYHQ 'H PRGHOOHQ ]LMQ XLWZHQGLJ YDQ GHWDLOV YRRU]LHQ GRFK QLHW XLWQHHPEDDU 'H VHULH EHVWDDW XLW Â&#x2021; 5LYLHUSULN Â&#x2021; +RQGVKDDL Â&#x2021; )RUHO Â&#x2021; .LNNHU Â&#x2021; $OOLJDWRU Â&#x2021; 'XLI Â&#x2021; .RQLMQ Â&#x2021; +RQG *HZLFKW Â&#x2021; 0DVVD NJ
+HUVHQ W\SHQ 6RPVR =R6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6&+('(/$)*,(76(/6
',(5.81'(
+22)'678.
6&+('(/$)*,(76(/6 *RULOOD VFKHGHO PDQQHOLMN YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
*RULOOD VFKHGHO PDQQHOLMN YROZDVVHQ 6RPVR =R6
¼
*RULOOD VFKHGHO PDQQHOLMN FLUFD MDDU 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
*RULOOD VFKHGHO PDQQHOLMN FLUFD MDDU 6RPVR =R6 ¼
*RULOOD VFKHGHO YURXZHOLMN YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
*RULOOD VFKHGHO YURXZHOLMN YROZDVVHQ 6RPVR =R6
¼
2UDQJ RHWDQ VFKHGHO PDQ YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
2UDQJ RHWDQ VFKHGHO PDQ YROZDVVHQ 6RPVR =R6
¼
2UDQJ RHWDQ VFKHGHO YURXZ YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
2UDQJ RHWDQ VFKHGHO YURXZ YROZDVVHQ 6RPVR =R6 ¼
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
',(5.81'(
6.(/(77(1
&KLPSDQVHH VFKHGHO PDQ YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
&KLPSDQVHH VFKHGHO PDQ YROZDVVHQ 6RPVR =R6
¼
&KLPSDQVHH VFKHGHO YURXZ YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
&KLPSDQVHH VFKHGHO YURXZ YROZDVVHQ 6RPVR =R6 ¼
%DYLDDQ VFKHGHO PDQQHOLMN YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
%DYLDDQ VFKHGHO PDQQHOLMN YROZDVVHQ 6RPVR =R6 ¼
5KHVXVDDS VFKHGHO PDQ YROZDVVHQ 6RPVR =R6 'H]H VHULH VFKHGHOV RPYDW HHQ JURRW DDQWDO DIJLHWVHOV YDQ R D PHQVDSHQ HQ ZHUG RQWZLNNHOG YRRU GH YHUJHOLMNHQGH DQDWRPLH 8LWHUDDUG LV RRN YHUJHOLMNLQJ PHW VFKHGHOUHFRQVWUXFWLHV ]LH KRRIGVWXN (YROXWLH HQ PHQVHOLMNH VFKHGHODIJLHWVHOV ]LH KRRIGVWXN 0HQVNXQGH PRJHOLMN 9RRU DOOH VFKHGHDIJLHWVHOV JHOGW GDW GH RQGHUNDDN EHZHHJEDDU HQ DIQHHPEDDU LV JHPRQWHHUG Â&#x2021; 0DVVD NJ
5KHVXVDDS VFKHGHO PDQ YROZDVVHQ 6RPVR =R6
¼
6.(/(77(1 6NHOHW NDUSHU &RPSOHHW PHW ]ZHPEODDV HQ NLHXZHQ 0HW DIQHHPEDUH JOD]HQ NDVW +HW LV PRJHOLMN GDW ZLM ELM JHEUHN DDQ NDUSHUVNHOHWWHQ KHW VNHOHW YDQ HHQ EUDVHP XLWOHYHUHQ
6NHOHW NDUSHU
¼
6NHOHW NLS 0HW DIQHHPEDUH JOD]HQ NDVW
6NHOHW NLS
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
',(5.81'(
+22)'678.
6NHOHW GXLI 0HW DIQHHPEDUH JOD]HQ NDVW
6NHOHW GXLI
¼
6NHOHW KRQG 2S HHQ VWHYLJ VWDWLHI PHW WZHH VWDQJHQ =RQGHU JOD]HQ NDVW
6NHOHW KRQG
¼
6NHOHW NDW 0HW DIQHHPEDUH SHUVSH[ DIGHNNDS
6NHOHW NDW
¼
6NHOHW PRO 0HW DIQHHPEDUH JODVNDS
6NHOHW PRO
¼
6NHOHW NRQLMQ +HW LV PRJHOLMN GDW HU LQ YHUEDQG PHW KHW QLHW EHVFKLNEDDU ]LMQ YDQ KHW VNHOHW NRQLMQ ZLM KLHUYRRU LQ GH SODDWV HHQ VNHOHW KDDV XLWOHYHUHQ 0HW DIQHHPEDUH SHUVSH[ DIGHN NDS
6NHOHW NRQLMQ
¼
6NHOHW UDW 0HW DIQHHPEDUH JOD]HQ NDVW
6NHOHW UDW
¼
6FKHGHO SDDUG 0HW EHZHHJEDDU JHPRQWHHUGH RQGHUNDDN
6FKHGHO SDDUG
¼
6FKHGHO UXQG 0HW EHZHHJEDDU JHPRQWHHUGH RQGHUNDDN
6FKHGHO UXQG
¼
6FKHGHO VFKDDS 0HW EHZHHJEDDU JHPRQWHHUGH RQGHUNDDN
6FKHGHO VFKDDS
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
6.(/(77(1
6FKHGHO YDUNHQ 0HW EHZHHJEDDU JHPRQWHHUGH RQGHUNDDN
6FKHGHO YDUNHQ
¼
6FKHGHO KRQG 0HW ORVVH RQGHUNDDN
6FKHGHO KRQG
¼
6FKHGHO NDW 0HW ORVVH RQGHUNDDN
6FKHGHO NDW
¼
6FKHGHO KDDV RI NRQLMQ 0HW ORVVH RQGHUNDDN
6FKHGHO KDDV RI NRQLMQ
¼
6FKHGHO NLS
6FKHGHO NLS
¼
*HELWVW\SHQ ELM ]RRJGLHUHQ 'HPRQVWUDWLHNDVWMH PHW VFKHGHOKHOIWHQ YDQ YHUVFKLOOHQGH ]RRJGLHUHQ 9HUJHOHNHQ ZRUGHQ GH JHELWWHQ YDQ DDS URRIGLHU LQVHFWHQHWHU NQDDJGLHU HQ KHUNDXZHU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HELWVW\SHQ ELM ]RRJGLHUHQ
¼
9RHWVNHOHW SDDUG 0HW ORV ELMJHOHYHUGH KRHI
9RHWVNHOHW SDDUG
¼
9RHWVNHOHW UXQG 0HW ORV PHHJHOHYHUGH KRHYHQ
9RHWVNHOHW UXQG
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
',(5.81'(
+22)'678.
9RHWVNHOHW YDUNHQ 0HW DDQJHPRQWHHUGH KRHIQDJHOV
9RHWVNHOHW YDUNHQ
¼
*HZULFKWHQ ,Q HHQ RSHQ GHPRQVWUDWLHNDVWMH EHYLQGHQ ]LFK DIQHHPEDUH PRGHOOHQ YDQ YHUVFKLO OHQGH JHZULFKWVW\SHQ :HHUJHJHYHQ ]LMQ Â&#x2021; 7ZHH NRJHOJHZULFKWHQ Â&#x2021; 6FKDUQLHUJHZULFKW Â&#x2021; 5ROJHZULFKW Â&#x2021; =DGHOJHZULFKW +HW GUDDLYODN YDQ GH JHZULFKWHQ LV EUXLQ JHNOHXUG 2PYDQJ Â&#x2021; $IPHWLQJHQ [ [ PP
*HZULFKWHQ
¼
.DWWHQSRRW )XQFWLHPRGHO YDQ GH YRRUSRRW YDQ HHQ NDW +LHUPHH NDQ GXLGHOLMN KHW LQWUHNNHQ HQ XLWVODDQ YDQ GH NODXZHQ YDQ HHQ NDWDFKWLJ URRIGLHU JHGHPRQVWUHHUG ZRUGHQ %LM HHQ JHERJHQ YRRUSRRW LV GH QDJHO LQJHWURNNHQ ELM HHQ JHVWUHNWH YRRUSRRW LV GH]H XLWJHVWUHNW 2S JURQGSODDW 2PYDQJ Â&#x2021; $IPHWLQJHQ [ PP
.DWWHQSRRW
¼
9RJHOSRRW +HW PRGHO WRRQW GH DXWRPDWLVFKH IXQFWLHV YDQ PHW QDPH GH WHQHQ YDQ HHQ YRJHO SRRW ELM KHW ]LWWHQ RS WDNNHQ HQ ELM KHW RSYOLHJHQ HQ ODQGHQ 2S JURQGSODDW 2PYDQJ Â&#x2021; $IPHWLQJHQ [ PP
9RJHOSRRW
¼
6FKHGHO YDQ HHQ JLIVODQJ 2S DDQVFKRXZHOLMNH ZLM]H WRRQW GLW PRGHO GH IXQFWLRQHOH DQDWRPLH YDQ PHW QDPH GH NDNHQ YDQ HHQ VODQJ +HW YHUNODDUW KRH KHW PRJHOLMN LV GDW VODQJHQ HHQ SURRL LQ ppQ GHHO NXQQHQ YHURUEHUHQ RRN DOV GH GLDPHWHU JURWHU LV GDQ GLH YDQ KHQ ]HOI 2RN KHW RSVWHOOHQ YDQ GH JLIWDQGHQ HQ GH GRRUVFKXLIIXQFWLH NXQQHQ DDQ GH KDQG YDQ GLW PRGHO ZRUGHQ YHUNODDUG 2S JURQGSODDW 2PYDQJ Â&#x2021; $IPHWLQJHQ [ PP
6FKHGHO YDQ HHQ JLIVODQJ
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
',(5.81'(
,16/8,735(3$5$7(1
/HYHQ LQ HHQ ELMHQNRUI 'H]H KRXWHQ NLVW [ FP ODDW RS ERHLHQGH ZLM]H KHW OHYHQ HQ GH RQWZLNNHOLQJ YDQ GH KRQLQJELM ]LHQ PHW RQGHU DQGHUH Â&#x2021; 6FKDGHOLMNH GLHUHQ Â&#x2021; *URHQYRHGHUJHZDVVHQ Â&#x2021; %LMHQGDQV Â&#x2021; =ZHUP Â&#x2021; 9RUPHQ YDQ KRQLQJUDDW 9LMIWLJ YRRUEHHOGHQ PHW XLWYRHULJH KDQGOHLGLQJ
/HYHQ LQ HHQ ELMHQNRUI
¼
,16/8,735(3$5$7(1 ,QVOXLWSUHSDUDDW KXLVYOLHJ
,QVOXLWSUHSDUDDW KXLVYOLHJ
¼
,QVOXLWSUHSDUDDW EORHGNRUDDO
,QVOXLWSUHSDUDDW EORHGNRUDDO
¼
,QVOXLWSUHSDUDDW PRVVHQ
,QVOXLWSUHSDUDDW PRVVHQ
¼
,QVOXLWSUHSDUDDW NHYHUW\SHQ
,QVOXLWSUHSDUDDW NHYHUW\SHQ
¼
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,QVOXLWSUHSDUDDW JUDVVRRUWHQ
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EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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7RUVR MRQJHQ 6RPVR $6 ( 7RUVR RS ZDUH JURRWWH ]RQGHU KRRIG 'H YROJHQGH GHOHQ ]LMQ XLWQHHPEDDU Â&#x2021; +HOIW YDQ OLQNHU HQ UHFKWHUORQJ Â&#x2021; +DUW
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7RUVR MRQJHQ 6RPVR $6 7RUVR YDQ HHQ MRQJHQ QDJHQRHJ QDWXXUOLMNH JURRWWH ]RQGHU KRRIG +HW WRUVR LV LQ GHOHQ DOV YROJW XLWQHHPEDDU Â&#x2021; /RQJKHOIWHQ
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7RUVR MRQJHQ 6RPVR $6
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7RUVR MRQJHQ PHW KRRIG $6 7RUVR YDQ HHQ MRQJHQ QDWXXUOLMNH JURRWWH PHW KRRIG +HW WZDDOIGHOLJH WRUVR LV DOV YROJW XLWQHHPEDDU RRJ PHW VSLHUHQ HQ RRJ]HQXZ ORQJKHOIWHQ KDUW OHYHU PDDJ KHOIW YDQ GH UHFKWHU QLHU GXQQH HQ GLNNH GDUP KHOIW YDQ GH EODDV HQ URPS 'H EOLQGH GDUP LV ERYHQGLHQ WH RSHQHQ *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7RUVR MRQJHQ PHW KRRIG $6
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7RUVR MRQJHQ 6RPVR $6 7RUVR YDQ HHQ MRQJHQ RS FLUFD KDOYH QDWXXUOLMNH JURRWWH ]RQGHU KRRIG *HPRQWHHUG RS JURQGSODDW 'H]H DFKWGHOLJH WRUVR LV DOV YROJW XLWQHHPEDDU Â&#x2021; /RQJKHOIWHQ
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7RUVR MRQJHQ 6RPVR $6
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7RUVR MRQJHQ PHW KRRIG $6 7RUVR YDQ HHQ MRQJHQ PHW KRRIG RS RQJHYHHU GH KHOIW YDQ GH QDWXXUOLMNH JURRWWH 'LW GHOLJH PRGHO EHVWDDW XLW GH YROJHQGH GHOHQ KRRIGKHOIW PHW XLWQHHPEDUH KHUVHQKHOIW ORQJKHOIWHQ KDUW OHYHU PDDJ GXQQH HQ GLNNH GDUP QLHUKHOIW UHFKWV HQ URPS *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7RUVR MRQJHQ PHW KRRIG $6
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7RUVR PLQLDWXXU 6RPVR $6 'H]H FLUFD FP KRJH WRUVR YDQ HHQ MRQJHQ LV ELM]RQGHU JHVFKLNW YRRU XLWOHJ HQ YRRUOLFKWLQJ WXVVHQ LQGLYLGXHQ RQGHUOLQJ HQ KHW ZRUGW GDQ RRN ZHO DDQJHGXLG DOV DUWVHQWRUVR *HPRQWHHUG RS JURQGSODDW +HW PRGHO LV LQ GHOHQ DOV YROJW XLWQHHPEDDU Â&#x2021; +RRIG Â&#x2021; /RQJKHOIWHQ
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7RUVR PLQLDWXXU 6RPVR $6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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7RUVR PHW KRRIG 6RPVR $6
¼
7RUVR GHOLJ 6RPVR $6 9HHO]LMGLJ WRUVRPRGHO PHW XLWZLVVHOEDUH JHVODFKWVRUJDQHQ HQ DDQ ppQ ]LMGH RSHQJH ZHUNW KRRIG 'H]H ]HHU FRPSOHWH GHOLJH WRUVR EHVWDDW XLW GH YROJHQGH DI]RQGHUOLMNH GHOHQ Â&#x2021; 2RJ Â&#x2021; 9URXZHOLMNH ERUVWEHGHNNLQJ Â&#x2021; /RQJKHOIWHQ
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¼
+RRIGGRRUVQHGH 6RPVR %6 5HOLsIPRGHO YDQ HHQ PHGLDQH GRRUVQHGH GRRU KHW KRRIG RS ZDUH JURRWWH 1LHW XLWQHHPEDDU RS JURQGSODDW JHPRQWHHUG 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+RRIGGRRUVQHGH 6RPVR %6
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+RRIGGRRUVQHGHQ 6RPVR %6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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¼
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6FKHGHOEDVLV 6RPVR %6
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6FKHGHOEDVLV 6RPVR %6
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¼
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¼
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¼
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+HUVHQHQ 6RPVR %6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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¼
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¼
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¼
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6\QDSV 6RPVR %6
¼
6SLHU PHW V\QDSV 6RPVR %6 0RGHO YDQ HHQ GZDUVJHVWUHHSWH VSLHU LQ HHQ FLUFD YRXGLJH YHUJURWLQJ +HW PRGHO WRRQW Â&#x2021; /HQJWH DOV GZDUVGRRUVQHGHQ Â&#x2021; 1HXURPXVFXODLUH V\QDSV +LHUPHH LV KHW PRJHOLMN RRN KHW RYHUJDQJVJHELHG WXVVHQ VSLHU HQ PRWRULVFKH HLQG SODDW WH EHVWXGHUHQ (pQGHOLJ PRGHO RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6SLHU PHW V\QDSV 6RPVR %6
¼
)XQFWLHPRGHO VSLHU PHW V\QDSV 6RPVR %6 &LUFD YRXGLJ YHUJURRW RS YRHW LQ GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
)XQFWLHPRGHO VSLHU PHW V\QDSV 6RPVR %6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
/HQGHQZHUYHO 6RPVR %6 0RGHO YDQ HHQ OHQGHQZHUYHO PHW ]HQXZYHUWDNNLQJHQ GH HLQGGUDDG YDQ KHW UXJJHQ PHUJ HQ GH ZRUWHOV YDQ GH RQGHUVWH VSLQDOH ]HQXZHQ RS ZDUH JURRWWH ,Q GHOHQ XLWQHHPEDDU 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/HQGHQZHUYHO 6RPVR %6
¼
%RUVWZHUYHO 6RPVR %6 'LW PRGHO RS ZDUH JURRWWH WRRQW Â&#x2021; (pQ ZHUYHO PHW UXJJHQPHUJ LQ GZDUVGRRUVQHGH Â&#x2021; 6SLQDDO JDQJOLRQ Â&#x2021; 6SLQDOH ]HQXZ 1LHW GHHOEDDU RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%RUVWZHUYHO 6RPVR %6
¼
+DOVZHUYHO 6RPVR %6 0RGHO ZDDUELM GH VSLQDOH ]HQXZHQ KHW VSLQDOH JDQJOLRQ HQ GH DUWHULD YHUWHEUDOLV GXL GHOLMN KHUNHQEDDU ZRUGHQ ZHHUJHJHYHQ 'LW PRGHO RS ZDUH JURRWWH LV QLHW GHHOEDDU HQ ZRUGW RS VWDWLHI PHW JURQGSODDW JHOHYHUG 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DOVZHUYHO 6RPVR %6
¼
+DOVZHUYHO 6RPVR %6 +HW YRXGLJ YHUJURRW PRGHO YDQ GH H KDOVZHUYHO WRRQW RQGHU DQGHUH Â&#x2021; 5XJJHQPHUJ LQ GZDUVGRRUVQHGH PHW VSLQDOH ]HQXZHQ Â&#x2021; 6SLQDDO JDQJOLRQ Â&#x2021; $UWHULD Â&#x2021; 9HQD YHUWHEUDOLV +HW ppQGHOLJH PRGHO LV JHPRQWHHUG RS HHQ JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DOVZHUYHO 6RPVR %6
¼
2RJERO 6RPVR &6 0RGHO YDQ HHQ RRJERO UXVWHQG RS GH RQGHUVWH EHHQGHUHQ YDQ GH RRJNDV LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 2S JURQGSODDW 8LWQHHPEDDU LQ GHOHQ Â&#x2021; +RRUQYOLHV
Â&#x2021; 9DDWYOLHV PHW QHWYOLHV
Â&#x2021; *ODVDFKWLJ OLFKDDP Â&#x2021; /HQV Â&#x2021; %RWWHQ YDQ GH RRJNDV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJERO 6RPVR &6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
2RJERO 6RPVR &6 0RGHO YDQ HHQ RRJERO UXVWHQG RS GH RQGHUVWH EHHQGHUHQ YDQ GH RRJNDV LQ HHQ FLUFD YRXGLJH YHUJURWLQJ 2S JURQGSODDW 8LWQHHPEDDU LQ GHOHQ Â&#x2021; +RRUQYOLHV
Â&#x2021; 9DDWYOLHV PHW QHWYOLHV
Â&#x2021; *ODVDFKWLJ OLFKDDP Â&#x2021; /HQV Â&#x2021; %RWWHQ YDQ GH RRJNDV Â&#x2021; 2RJOHGHQ WUDDQNOLHUHQ HQ VWHXQZHHIVHO 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJERO 6RPVR &6
¼
2RJERO 6RPVR &6 &LUFD YRXGLJ YHUJURRW PRGHO UXVWHQG RS GH RQGHUVWH EHHQGHUHQ YDQ GH RRJNDV LQ YHUWLFDOH GRRUVQHGH ,Q GHOHQ XLWQHHPEDDU *HPRQWHHUG RS JURQGSODDW %LM GH OLQNHUKHOIW ]LMQ GH OHQV HQ KHW JODVDFKWLJ OLFKDDP YDVW DDQJHEUDFKW 5HFKWHUKHOIW XLWQHHPEDDU Â&#x2021; 9DDWYOLHV PHW QHWYOLHV Â&#x2021; +DUGH RRJURN PHW KRRUQYOLHV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJERO 6RPVR &6
¼
2RJNDV PHW RRJERO 6RPVR &6 +HW PRGHO WRRQW HHQ RRJERO PHW RRJ]HQXZ HQ RRJVSLHUHQ LQ HHQ QDWXXUOLMNH OLJJLQJ LQ GH RPULQJHQGH EHHQGHUHQ YDQ HHQ GHHO YDQ GH RRJNDV 7RWDDO LQ DFKW GHOHQ XLWQHHPEDDU LQ HHQ FLUFD YRXGLJH YHUJURWLQJ *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJNDV PHW RRJERO 6RPVR &6
¼
2RJNDV PHW RRJERO 6RPVR &6 +HW PRGHO WRRQW HHQ RRJERO PHW RRJ]HQXZ HQ RRJVSLHUHQ LQ HHQ QDWXXUOLMNH OLJJLQJ LQ GH RPULQJHQGH EHHQGHUHQ YDQ HHQ GHHO YDQ GH RRJNDV 'DDUQDDVW ZRUGHQ GH RRJOHGHQ PHW WUDDQNOLHUHQ HQ VWHXQZHHIVHO HYHQHHQV PHHJHOHYHUG ,Q WRWDDO GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJNDV PHW RRJERO 6RPVR &6
¼
2RJERO 6RPVR &6 2RJPRGHO PHW VWDDU LV FLUFD YRXGLJ YHUJURRW HQ EHVWDDW XLW XLWZLVVHOEDUH VWDDU PRGHOOHQ FDWDUDFWD FRUWLFDOLV FDWDUDFWD QXFOHDULV FDWDUDFWD SRODULV SRVWHULRU HQ FDWDUDFWD FRURQDULD +HW PRGHO LV LQ GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJERO 6RPVR &6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
2RJERO 6RPVR &6 0RGHO YDQ HHQ RRJERO LQ FLUFD YRXGLJH YHUJURWLQJ RS VWDWLHI +HW PRGHO LV LQ GHOHQ XLWQHHPEDDU HQ JHGHWDLOOHHUG XLWJHZHUNW LQ UHOLsI HQ EHVFKLOGHULQJ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJERO 6RPVR &6
¼
2RJERO 6RPVR &6 &LUFD YRXGLJ YHUJURRW UXVWHQG RS GH RQGHUVWH EHHQGHUHQ YDQ GH RRJNDV LQ YHUWL NDOH GRRUVQHGH ,Q GULH GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2RJERO 6RPVR &6
¼
*HKRRURUJDDQ 6RPVR '6 &LUFD YRXGLJ YHUJURRW PRGHO RS JURQGSODDW YDQ KHW JHKRRURUJDDQ EHVWDDQGH XLW Â&#x2021; 8LWZHQGLJ RRU Â&#x2021; 0LGGHQRRU PHW WURPPHOYOLHV Â&#x2021; *HKRRUEHHQWMHV Â&#x2021; ,QZHQGLJ RRU PHW VODNNHQKXLV HQ GH KDOIFLUNHOYRUPLJH NDQDOHQ 8LWQHHPEDDU ]LMQ Â&#x2021; WURPPHOYOLHV PHW KDPHU HQ DDPEHHOG HQ KHW ODE\ULQW PHW VWLMJKHXJHO 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HKRRURUJDDQ 6RPVR '6
¼
*HKRRURUJDDQ 6RPVR '6 &LUFD YRXGLJ YHUJURRW PRGHO YDQ KHW JHKRRURUJDDQ 2S JURQGSODDW ,V LQ GHOHQ XLWQHHPEDDU HQ EHVWDDW XLW Â&#x2021; 8LWZHQGLJ RRU Â&#x2021; 0LGGHQRRU PHW WURPPHOYOLHV HQ JHKRRUEHHQWMHV Â&#x2021; ,QZHQGLJ RRU PHW VODNNHQKXLV HQ KDOIFLUNHOYRUPLJH NDQDOHQ Â&#x2021; 'HHOEDDU ODE\ULQW 8LWQHHPEDDU ]LMQ Â&#x2021; 7URPPHOYOLHV PHW KDPHU HQ DDPEHHOG HQ GHHOEDDU ODE\ULQW PHW VWLMJKHXJHO 'H URWVEHHQEHGHNNLQJ HQ GH DIGHNNLQJ YDQ GH JHKRRUJDQJ ZRUGHQ PHHJHOHYHUG 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HKRRURUJDDQ 6RPVR '6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
6ODNNHQKXLV GRRUVQHGH 6RPVR '6 'LW UHOLsIPRGHO RS JURQGSODDW WRRQW HHQ FLUFD YRXGLJH YHUJURWLQJ YDQ HHQ GRRU VQHGH GRRU GH ELQQHQVWH ZLQGLQJ YDQ KHW VODNNHQKXLV :HHUJHJHYHQ ]LMQ Â&#x2021; 6FDOD YHVWLEXOL Â&#x2021; 6FDOD W\PSDQL Â&#x2021; 6ODNNHQKXLVNDQDDO Â&#x2021; 2UJDDQ YDQ &RUWL 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6ODNNHQKXLV GRRUVQHGH 6RPVR '6
¼
/DE\ULQWK 6RPVR '6 +HW FLUFD YRXGLJ YHUJURRW PRGHO YDQ KHW VODNNHQKXLV PHW GH KDOIFLUNHOYRUPLJH RUJDQHQ LV LQ WZHH GHOHQ XLWQHHPEDDU RPGDW KHW VODNNHQKXLV LQ GH OHQJWHULFKWLQJ GHHOEDDU LV %RYHQGLHQ ]LMQ LQ KHW PRGHO GH ]HQXZYHUWDNNLQJHQ YDQ KHW HYHQZLFKWV RUJDDQ RSJHQRPHQ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/DE\ULQWK 6RPVR '6
¼
,QZHQGLJ RRU 6RPVR '6 +HW PRGHO WRRQW GH ZHJ GLH KHW RSJHYDQJHQ JHOXLG PDDNW YDQDI KHW LQ WULOOLQJ EUHQ JHQ YDQ KHW WURPPHOYOLHV WRW DDQ GH SULNNHOJHOHLGLQJ YDQXLW KHW GHHOV RSHQJHZHUNWH VODNNHQKXLV =HHU LQVWUXFWLHI PRGHO LQ YRXGLJH YHUJURWLQJ 2S VWDWLHI PHW JURQG SODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
,QZHQGLJ RRU 6RPVR '6
¼
2QGHUNDDNKHOIW 6RPVR (6 +HW PRGHO WRRQW GH KHOIW YDQ HHQ RQGHUNDDN YDQ HHQ MDULJH LQ GH IDVH YDQ ZLVVH OLQJ 2RN GH YHU]RUJHQGH EORHGYDWHQ HQ GH ]HQXZHQ ]LMQ DIJHEHHOG ,Q WZHH HOHPHQ WHQ LV HHQ JHYRUGHUGH FDULsV WH ]LHQ +HW QLHW XLWQHHPEDUH PRGHO LV FLUFD YRXGLJ YHUJURRW HQ JHPRQWHHUG RS HHQ JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2QGHUNDDNKHOIW 6RPVR (6
¼
2QGHUNDDNKHOIW 6RPVR (6 +HW FLUFD YRXGLJ YHUJURRW PRGHO WRRQW GH RQGHUNDDNKHOIW YDQ HHQ MDULJH +HW YROOHGLJH JHELW LV JHZLVVHOG HQ GH YHUVWDQGVNLHV ]DO RRN VSRHGLJ GRRUEUHNHQ 'H KRHNWDQG HQ GH H PRODDU ]LMQ XLWQHHPEDDU HQ ERYHQGLHQ LQ GH OHQJWHULFKWLQJ GHHO EDDU 'H WZHHGH PRODDU WRRQW HHQ EHJLQQHQGH FDULsV 7RWDDO LQ GHOHQ XLWQHHPEDDU RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2QGHUNDDNKHOIW 6RPVR (6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
2QGHUNDDNKHOIW 6RPVR (6 +HW FLUFD YRXGLJ YHUJURRW PRGHO WRRQW GH RQGHUNDDNKHOIW YDQ HHQ MDULJH +HW YROOHGLJH JHELW LV JHZLVVHOG HQ GH YHUVWDQGVNLHV ]DO RRN VSRHGLJ GRRUEUHNHQ 'H KRHNWDQG HQ GH HHUVWH PRODDU ]LMQ XLWQHHPEDDU HQ ERYHQGLHQ LQ GH OHQJWHULFKWLQJ GHHOEDDU 'H WZHHGH PRODDU WRRQW HHQ EHJLQQHQGH FDULsV HQ HHQ ZRUWHOYOLHVRQWVWH NLQJ HQ DDQ GH HHUVWH PRODDU HHQ WDQGPHUJRQWVWHNLQJ 7RWDDO GHOLJ RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
2QGHUNDDNKHOIW 6RPVR (6
¼
:DUH NLHV 6RPVR (6 +HW PRGHO YDQ HHQ HHUVWH PRODDU XLW GH UHFKWHU RQGHUNDDNKHOIW LV FLUFD YRXGLJ YHUJURRW HQ LV LQ GHOHQ XLWQHHPEDDU 2S GH NURRQ LV HHQ EHJLQQHQGH FDULsV XLWJH EHHOG 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
:DUH NLHV 6RPVR (6
¼
$DQJHWDVWH NLHV 6RPVR (6 2YHUODQJV LQ WZHH GHOHQ WH VFKHLGHQ PRGHO YDQ HHQ DDQJHWDVWH NLHV RS VWDWLHI PHW JURQGSODDW +HW JHHIW HHQ EHJLQQHQGH HQ HHQ JHYRUGHUGH FDULsV ZHHU HQ EHYDW GH GLYHUVH ZHHIVHOV ZDDUXLW HHQ NLHV LV RSJHERXZG Â&#x2021; .URRQ Â&#x2021; +DOV Â&#x2021; :RUWHO PHW JOD]XXU Â&#x2021; &HPHQW Â&#x2021; 7DQGEHHQ Â&#x2021; 3XOSD ZDDUXLW GH ]HQXZGUDGHQ NRPHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$DQJHWDVWH NLHV 6RPVR (6
¼
*HELWVYHU]RUJLQJ 6RPVR (6 ,Q HHQ GHPRQVWUDWLHNDVW ]LMQ PRGHOOHQ RSJHQRPHQ PHW HHQ WRHOLFKWHQGH WHNVW 'H PRGHOOHQ JHYHQ HHQ YRRUDDQ]LFKW YDQ HHQ YHU]RUJG HQ HHQ RQYHU]RUJG JHELW ZHHU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HELWVYHU]RUJLQJ 6RPVR (6
¼
7DQG]LHNWHQ 6RPVR (6 ,Q HHQ GHPRQVWUDWLHNDVW ZRUGHQ DDQ YHUVFKLOOHQGH PRGHOOHQ WDQGHQ LQ QDWXXUOLMNH JURRWWH GH PHHVW YRRUNRPHQGH WDQG]LHNWHQ JHWRRQG 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7DQG]LHNWHQ 6RPVR (6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
*HELWVRQWZLNNHOLQJ 6RPVR (6 6HULH YDQ YLHU OLQNHU RQGHU HQ ERYHQNDDNKHOIWHQ RS ZDUH JURRWWH VDPHQ RS HHQ JURQGSODDW JHPRQWHHUG +HW NDDNERW YDQ GH PRGHOOHQ LV RSHQJHZHUNW ]RGDW GH DDQOHJ LQ GH YHUVFKLOOHQGH VWDGLD GXLGHOLMN ]LFKWEDDU LV )DVHQ ZRUGHQ JHWRRQG Â&#x2021; *HELW YDQ HHQ SDVJHERUHQH Â&#x2021; *HELW YDQ HHQ MDULJH Â&#x2021; *HELW YDQ HHQ MDULJH Â&#x2021; *HELW YDQ HHQ YROZDVVHQH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HELWVRQWZLNNHOLQJ 6RPVR (6
¼
7DQGPRGHOOHQ 6RPVR (6 6HULH YDQ WDQGPRGHOOHQ FLUFD YRXGLJ YHUJURRW 'H WDQGPRGHOOHQ RS VWDWLHI PHW JURQGSODDW NXQQHQ RRN VHSDUDDW EHVWHOG ZRUGHQ Â&#x2021; 6QLMWDQG (6
Â&#x2021; +RHNWDQG RQGHU (6
Â&#x2021; .LHV PHW ZRUWHO RQGHU (6
Â&#x2021; .LHV PHW WZHH ZRUWHOV RQGHU (6
Â&#x2021; .LHV PHW GULH ZRUWHOV ERYHQ (6
2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
7DQGPRGHOOHQ 6RPVR (6
¼
*HELWVRQWZLNNHOLQJ 6RPVR (6 6HULH YDQ RQGHU HQ ERYHQNDNHQ RS ZDUH JURRWWH LHGHU PRGHO RS VWDWLHI PHW HHQ JURQGSODDW )DVHQ ZRUGHQ JHWRRQG Â&#x2021; *HELW YDQ HHQ SDVJHERUHQH Â&#x2021; *HELW YDQ HHQ MDULJH Â&#x2021; *HELW YDQ HHQ MDULJH Â&#x2021; *HELW YDQ HHQ YROZDVVHQH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HELWVRQWZLNNHOLQJ 6RPVR (6
¼
3RHWVJHELW 6RPVR (6 6SHFLDDO PRGHO YDQ EHLGH JHELWVKHOIWHQ PHW PHWDOHQ YHUHQ RQGHUOLQJ YHUERQGHQ 2QWZLNNHOG RP KHW FRUUHFW SRHWVHQ YDQ KHW JHELW WH GHPRQVWUHUHQ ZDDUWRH RRN HHQ WDQGHQERUVWHO ZRUGW ELMJHOHYHUG GLH LV DDQJHSDVW DDQ GH YRXGLJH YHUJURWLQJ YDQ KHW PRGHO +HW PRGHO ZRUGW JHOHYHUG ]RQGHU VWDWLHI RI JURQGSODDW +HW WDQGYOHHV LV YROOHGLJ RSJHQRPHQ PDDU GH NDDNERWWHQ VOHFKWV WHQ GHOH RPGDW GLW QLHW YHUGHU IXQFWLRQHHO ZRUGW JHDFKW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3RHWVJHELW 6RPVR (6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
1HXV PRQG HQ NHHOKROWH GRRUVQHGH 6RPVR )6 5HOLsIPRGHO YDQ HHQ PHGLDQH GRRUVQHGH FLUFD YRXGLJ YHUJURRW 'H NUXLVLQJ YDQ OXFKW HQ VSLMVYHUWHULQJVNDQDDO LV GXLGHOLMN ]LFKWEDDU ,Q GHOHQ XLWQHHPEDDU RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
1HXV PRQG HQ NHHOKROWH 6RPVR )6
¼
6WURWWHQKRRIG 6RPVR *6 0RGHO RS ZDUH JURRWWH RS VRNNHO PHW JURQGSODDW ,Q GHOHQ XLWQHHPEDDU $IJHEHHOG ]LMQ Â&#x2021; .UDDNEHHQKRH¿M]HUV YDQ GH OXFKWSLMS Â&#x2021; 6SLHUHQ Â&#x2021; 6WHPEDQGHQ Â&#x2021; 6FKLOGYRUPLJ NUDDNEHHQ Â&#x2021; %HNHUYRUPLJH NUDDNEHHQWMHV Â&#x2021; 6OLMPYOLHV Â&#x2021; 6FKLOGNOLHU Â&#x2021; *HGHHOWH YDQ GH VORNGDUP PHW VWURWNOHSMH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6WURWWHQKRRIG 6RPVR *6
¼
6WURWWHQKRRIG 6RPVR *6 )XQFWLHPRGHO RS JURQGSODDW YDQ KHW VWURWWHQKRRIG LQ HHQ YRXGLJH YHUJURWLQJ +HW PRGHO LV QLHW XLWQHHPEDDU PDDU WHU ZLOOH YDQ GH GHPRQVWUDWLH YDQ GH IXQFWLH YDQ KHW VWHPRUJDDQ LV HHQ GHHO EHZHHJEDDU XLWJHYRHUG 'LW EHZHHJEDUH GHHO EHVWDDW XLW Â&#x2021; %HNHUYRUPLJH NUDDNEHHQWMHV Â&#x2021; 'DDUDDQ YHUERQGHQ VWHPEDQGHQ HQ VWURWNOHSMH Â&#x2021; 7RQJEHHQ PHW GH NOHLQH WRQJEHHQKRRUQHQ Â&#x2021; 6FKLOGYRUPLJ NUDDNEHHQ Â&#x2021; /DU\Q[YHQWULNHO Â&#x2021; 5LQJNUDDNEHHQ Â&#x2021; 'HHO YDQ GH OXFKWSLMS PHW NUDDNEHHQKRH¿M]HUV Â&#x2021; 2YHULJ ZHHIVHO Â&#x2021; 9DOVH HQ GH ZDUH VWHPEDQGHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6WURWWHQKRRIG 6RPVR *6
¼
6WURWWHQKRRIG 6RPVR *6 )XQFWLHPRGHO YDQ KHW VWURWWHQKRRIG LQ HHQ YRXGLJH YHUJURWLQJ 0HW KHW PRGHO NXQ QHQ RS DDQVFKRXZHOLMNH ZLM]H KHW RSHQHQ HQ VOXLWHQ YDQ GH ZDUH VWHPEDQGHQ GH VSDQQLQJVYDULDWLH YDQ GH VWHPVSOHHW HQ KHW SDVVHUHQ YDQ OXFKW ZRUGHQ JHGHPRQ VWUHHUG 1LHW XLWQHHPEDDU JHPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6WURWWHQKRRIG 6RPVR *6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
+DUW 6RPVR +6 0RGHO RS YDQ GH QDWXXUOLMNH JURRWWH GRRU HHQ OHQJWHGRRUVQHGH LQ WZHH GHOHQ WH VSOLWVHQ %HYHVWLJG RS VWDWLHI PHW JURQGSODDW $IJHEHHOG ]LMQ Â&#x2021; /LQNHU HQ UHFKWHUERH]HPV Â&#x2021; /LQNHU HQ UHFKWHUNDPHUV Â&#x2021; +DUWZDQG Â&#x2021; 7ZHH HQ GULHVOLSSLJH KDUWNOHSSHQ Â&#x2021; 6HPLOXQDLUH NOHSSHQ Â&#x2021; $DQVOXLWHQGH DGHUV HQ VODJDGHUV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DUW 6RPVR +6
¼
+DUW 6RPVR +6 0RGHO RS QDWXXUOLMNH JURRWWH GRRU HHQ OHQJWHGRRUVQHGH GHOLJ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DUW 6RPVR +6
¼
+DUW 6RPVR +6 0RGHO FLUFD YRXGLJ YHUJURRW ,Q GHOHQ XLWQHHPEDDU HQ JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DUW 6RPVR +6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
+DUW 6RPVR +6 &LUFD YRXGLJ YHUJURRW PRGHO EHYHVWLJG RS VWDWLHI PHW JURQGSODDW ,Q GHOHQ WH VSOLWVHQ $IJHEHHOG ]LMQ Â&#x2021; +DUWSXQW Â&#x2021; 6HSWXP Â&#x2021; /LQNHU HQ UHFKWHUERH]HP Â&#x2021; /LQNHU HQ UHFKWHUKDUWRRU Â&#x2021; /LQNHU HQ UHFKWHUNDPHU Â&#x2021; 2QGHUVWH HQ ERYHQVWH KROOH DGHU Â&#x2021; 7ZHH HQ GULHVOLSSLJH NOHSSHQ Â&#x2021; /RQJDGHUV HQ VODJDGHU Â&#x2021; $RUWD Â&#x2021; +DOYHPDDQYRUPLJH NOHSSHQ Â&#x2021; 3HHVGUDGHQ Â&#x2021; 3DSLOODLUVSLHUHQ Â&#x2021; /LQNHU HQ UHFKWHUNUDQVVODJDGHU Â&#x2021; +DUWDGHUV Â&#x2021; $RUWDERRJ Â&#x2021; 6LQXVNQRRS Â&#x2021; $WULRYHQWULFXODLUH NQRRS Â&#x2021; %XQGHO YDQ +LV Â&#x2021; 7ZHH WDNNHQ YDQ GH EXQGHO YDQ +LV Â&#x2021; 9H]HOV YDQ 3XUNLQMH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DUW 6RPVR +6
¼
+DUW 6RPVR +6 1DWXXUOLMNH JURRWWH PHW E\SDVV YDWHQ ,Q GHOHQ XLWQHHPEDDU RS VWDWLHI PHW JURQG SODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DUW 6RPVR +6
¼
/RQJOREMH 6RPVR +6 )LMQ JHGHWDLOOHHUG PRGHO LQ YRXGLJH YHUJURWLQJ RS VWDWLHI PHW JURQGSODDW +HW PRGHO WRRQW GH ODDWVWH YHUWDNNLQJ YDQ GH EURQFKLDDOERRP HQ GH DUWHULsOH HQ YHQHX]H FDSLOODLUHQ ZDDUYDQ GRRU HHQ OHQJWHGRRUVQHGH GH PLFURVFRSLVFKH ERXZ JRHG WRW ]LMQ UHFKW NRPW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/RQJOREMH 6RPVR +6
¼
$GHU VODJDGHU 6RPVR +6 9HHOYRXGLJ YHUJURRW RYHUODQJVH GRRUVQHGH YDQ HHQ YHUWDNNHQGH DGHU HQ HHQ VODJDGHU JHPRGHOOHHUG QDDU HHQ EORHGYDWVWUXFWXXU XLW KHW ERYHQEHHQ 'H NOHSSHQ LQ GH YHQHQ ]LMQ LQ JHRSHQGH HQ JHVORWHQ VWDQG DIJHEHHOG HQ YDQ KHW YDW LV HHQ DDQWDO YHUWDNNLQJHQ RSJHQRPHQ +HW PRGHO WRRQW WHYHQV GZDUVGRRUVQHGHQ GRRU GH YDWHQ 9DQ GH DUWHULH ]LMQ GH LQWLPD GH PHGLD HQ GH DGYHQWLWLD DIJHEHHOG 1LHW XLWQHHPEDDU JHPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$GHU VODJDGHU 6RPVR +6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
+DUW RS PLGGHQULIVRNNHO 6RPVR +6 1DWXXUOLMNH JURRWWH +HW PRGHO RS VRNNHO LV LQ DFKW GHOHQ XLWQHHPEDDU Â&#x2021; 0LGGHQULI PHW EHJLQ YDQ 3HULNDUG Â&#x2021; 7K\PXVNOLHU Â&#x2021; +DUWNURRQ Â&#x2021; %DVLVNDPHU PHW KDUWNDPHUV Â&#x2021; 9LHU NOHSSHQ RP WH RSHQHQ 'H YLHU NOHSSHQ GLHQHQ RP KHW UHFKWHU HQ OLQNHUYRRUKRI HQ GH UHFKWHU HQ OLQNHUKDUW NDPHU WH RSHQHQ 'H 3HULNDUGYHUKRXGLQJHQ ]LMQ GRRU GH GHVEHWUHIIHQGH VQLMOLMQHQ JRHG WH GHPRQVWUHUHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DUW RS PLGGHQULIVRNNHO 6RPVR +6
¼
0DDJ 6RPVR -6 7ZHHGHOLJ PRGHO YDQ GH PDDJ RS QDWXXUOLMNH JURRWWH =RZHO ELQQHQ DOV EXLWHQ]LMGH ]LMQ JHGHWDLOOHHUG XLWJHZHUNW HQ WRQHQ VWUXFWXUHQ YDQ KHW VOLMPYOLHV GH VSLHUHQ GH EORHGYDWHQ HQ GH ]HQXZHQ 2RN GH PDDJPRQG HQ SRUWLHUVSLHU ]LMQ GXLGHOLMN KHUNHQ EDDU ZHHUJHJHYHQ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
0DDJ 6RPVR -6
¼
6SLMVYHUWHULQJVVWHOVHO 6RPVR -6 5HOLsIPRGHO RS ZDUH JURRWWH YRRUVWHOOHQG GH ZHJ YDQ KHW YRHGVHO YDQ PRQG WRW DQXV (HQ JURRW GHHO YDQ GH YHUVFKLOOHQGH RUJDQHQ LV RSHQJHZHUNW ZHHUJHJHYHQ +HW GHOLJH PRGHO LV JHPRQWHHUG RS HHQ YODNNH JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6SLMVYHUWHULQJVVWHOVHO 6RPVR -6
¼
/HYHU HQ JDOEODDV 6RPVR -6 $DQ ppQ ]LMGH RSHQJHZHUNW PRGHO YDQ GH OHYHU FLUFD YRXGLJ YHUJURRW GDW GH YHUWDNNLQJHQ YDQ GH EORHGYDWHQ HQ KHW JDOJDQJV\VWHHP ODDW ]LHQ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/HYHU HQ JDOEODDV 6RPVR -6
¼
$OYOHHVNOLHU PLOW HQ GXRGHQXP 6RPVR -6 +HW ppQGHOLJH PRGHO RS ZDUH JURRWWH WRRQW GH DOYOHHVNOLHU PHW GH DIYRHUJDQJ WRW DDQ GH SDSLO YDQ 9DWHU (HQ GHHO YDQ GH WZDDOIYLQJHULJH GDUP LV RSHQJHZHUNW 2RN GH PLOW PHW GH DDQVOXLWHQGH EORHGYDWHQ LV ZHHUJHJHYHQ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$OYOHHVNOLHU PLOW HQ GXRGHQXP 6RPVR -6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
'DUPZDQG 6RPVR -6 +HW PRGHO WRRQW HHQ VWXNMH YDQ GH LQZHQGLJH VWUXFWXXU YDQ GH GDUPZDQG YDQ GH GXQQH GDUP LQ HHQ FLUFD YRXGLJH YHUJURWLQJ +HW RPYDW FU\SWHQ HQ GDUPYORNNHQ ZDDUYDQ HQNHOH LQ GRRUVQHGH ]RGDW GH PLFURVFRSLVFKH ERXZ RRN ]LFKWEDDU LV 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'DUPZDQG 6RPVR -6
¼
+XLG 6RPVR .6 5HOLsIPRGHO YDQ HHQ KXLGGRRUVQHGH PHW KDDULQSODQWLQJHQ ZDDUYDQ HU ppQ HYHQHHQV LQ OHQJWHULFKWLQJ HHQ GRRUVQHGH WRRQW 'DDUQDDVW JHHIW GLW PRGHO LQ FLUFD YRXGLJH YHUJURWLQJ HHQ KRUL]RQWDOH GRRUVQHGH HQ YHUVFKLOOHQGH DI]RQGHUOLMNH KXLGODJHQ ZHHU 'LW LV PRJHOLMN GRRU GH WHUUDVYRUPLJH RSERXZ YDQ GLW PRGHO *H PRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+XLG 6RPVR .6
¼
+XLG 6RPVR .6 5HOLsIPRGHO YDQ HHQ KXLGGRRUVQHGH PHW WZHH KDDULQSODQWLQJHQ ZDDUYDQ HU ppQ HYHQHHQV LQ OHQJWHULFKWLQJ HHQ GRRUVQHGH WRRQW &LUFD YRXGLJ YHUJURRW PRGHO RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+XLG 6RPVR .6
¼
+XLG 6RPVR .6 9HU]DPHOPRGHO FLUFD YRXGLJ YHUJURRW ZDDULQ GH YHUVFKLOOHQ WXVVHQ KRRIG KXLG KXLG YDQ GH RNVHOKROWH HQ KXLG YDQ GH YRHW]RRO WRW XLWGUXNNLQJ ]LMQ JHEUDFKW 'DDUQDDVW WRRQW KHW PRGHO GH KXLGGRRUVQHGH PHW WZHH KDDULQSODQWLQJHQ ZDDUYDQ HU ppQ HYHQHHQV LQ GH OHQJWHULFKWLQJ HQNHOH NOLHUHQ RNVHOKROWH KXLG HHQ HHOWODDJ HQ HHQ YHUJURRWWH VOLMPODDJ EHLGH YRHW]RRO KXLG 1LHW XLWQHHPEDDU JHPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+XLG 6RPVR .6
¼
+XLG 6RPVR .6 +HW FLUFD YRXGLJ YHUJURRW EORNYRUPLJH PRGHO YDQ GH EHKDDUGH KRRIGKXLG WRRQW XLWJHZHUNWH GRRUVQHGHQ LQ GLYHUVH ULFKWLQJHQ HQ LV GDDUPHH KHW PHHVW JHGHWDLO OHHUGH KXLGPRGHO *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+XLG 6RPVR .6
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
+RRIGKDDU 6RPVR .6 &LUFD YRXGLJ YHUJURRW PRGHO YDQ HHQ KDDUJHGHHOWH LQ OHQJWH HQ GZDUVGRRU VQHGH +HW PRGHO LV YHUYDDUGLJG DDQ GH KDQG YDQ RSQDPHQ PHW HHQ HOHNWURQHQPL FURVFRRS HQ WRRQW ]RZHO GH LQ DOV XLWZHQGLJH VWUXFWXXU =RZHO HHQ FRUWH[FHO DOV HHQ FXWLFXODFHO ]LMQ XLWQHHPEDDU *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+RRIGKDDU 6RPVR .6
¼
9LQJHUQDJHO 6RPVR .6 &LUFD YRXGLJ YHUJURRW PRGHO YDQ HHQ YLQJHUWRS ZDDUYDQ GH QDJHOZDO HQ GH QDJHO DIQHHPEDDU ]LMQ 'DDUGRRU ]LMQ GH JURHL]RQH YDQ GH QDJHO KHW QDJHOEHG GH EORHGYDWHQ HQ GH VWUXFWXXU YDQ KHW RPULQJHQGH ZHHIVHO JRHG ]LFKWEDDU 7RWDDO LQ GHOHQ WH VSOLWVHQ *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9LQJHUQDJHO 6RPVR .6
¼
8ULQHZHJVWHOVHO 6RPVR /6 +HW RS HHQ JURQGSODDW JHPRQWHHUGH PRGHO WRRQW GH QLHUHQ PHW ELMQLHUHQ GH JURWH EORHGYDWHQ XLW GH EXLNKROWH GH XULQHOHLGHUV HQ GH XULQHEODDV PHW SURVWDDW (pQ QLHU HQ GH EODDV PHW SURVWDDW ]LMQ LQ GRRUVQHGH ZHHUJHJHYHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
8ULQHZHJVWHOVHO 6RPVR /6
¼
5HFKWHU QLHU 6RPVR /6 0RGHO YDQ HHQ DDQ GH DFKWHU]LMGH RSHQJHZHUNWH QLHU LQ FLUFD YRXGLJH YHUJUR WLQJ 1DDVW GH YHOH DQDWRPLVFKH GHWDLOV WRRQW GLW PRGHO WHYHQV HHQ VFKHPDWLVFKH ZHHUJDYH YDQ HHQ QHIURQ PHW GH ELMEHKRUHQGH OXV OXV YDQ +HQOH *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
5HFKWHU QLHU 6RPVR /6
¼
1HIURQ 6RPVR /6 &LUFD YRXGLJ YHUJURRW PRGHO YDQ WZHH QHIURQHQ PHW QLHUEROOHWMHV QLHUNDQDDOWMHV HQ HHQ YHU]DPHOEXLV 2RN KHW KDDUYDWHQQHW LV GXLGHOLMN LQ KHW PRGHO ZHHUJHJHYHQ *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
1HIURQ 6RPVR /6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
1LHUEROOHWMH 6RPVR /6 0RGHO RS JURQGSODDW YDQ HHQ GZDUVGRRUVQHGH GRRU HHQ QLHUEROOHWMH FLUFD YRX GLJ YHUJURRW +HW PRGHO WRRQW GH YROJHQGH HOHPHQWHQ Â&#x2021; $DQ HQ DIYRHUHQGH DUWHULROH Â&#x2021; &DSLOODLUHQ Â&#x2021; .DSVHO YDQ %RZPDQ PHW YDDWSRRO Â&#x2021; 8ULQHSRRO 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
1LHUEROOHWMH 6RPVR /6
¼
1LHU QHIURQ HQ QLHUEROOHWMH 6RPVR /6 6DPHQVWHOOLQJ RS ppQ JURQGSODDW YDQ GH PRGHOOHQ Â&#x2021; PRGHO YDQ RSJHZHUNWH QLHU Â&#x2021; PRGHO YDQ QHIURQHQ PHW QLHUEROOHWMHV Â&#x2021; PRGHO YDQ QLHUEROOHWMHV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
1LHU QHIURQ HQ QLHUEROOHWMH 6RPVR /6
¼
9URXZHQERUVW 6RPVR 06 (QLJV]LQV YHUJURRW PRGHO YDQ HHQ YURXZHQERUVW LQ UXVWHQGH QLHW DFWLHYH WRHVWDQG ,Q WZHH KHOIWHQ GHHOEDDU 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9URXZHQERUVW 6RPVR 06
¼
9URXZHQERUVW 6RPVR 06 (QLJV]LQV YHUJURRW PRGHO YDQ GH ERUVW YDQ HHQ ]RJHQGH YURXZ ,Q WZHH KHOIWHQ GHHO EDDU +HW PRGHO OHHQW ]LFK XLWVWHNHQG WHU YHUJHOLMNLQJ PHW KHW PRGHO RPGDW KHW GH]HOIGH VFKDDO KHHIW 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9URXZHQERUVW 6RPVR 06
¼
%HNNHQ YURXZHOLMN 6RPVR 06 0HGLDQH GRRUVQHGH YDQ KHW YURXZHOLMN EHNNHQ +HW PRGHO WRRQW KHW YURXZHOLMN JHVODFKWVRUJDDQ LQ GRRUVQHGH HQ ERYHQGLHQ LQ VDPHQKDQJ PHW XULQHEODDV HQ HQGHO GDUP DOV DIQHHPEDDU GHHO 2S ZDUH JURRWWH HQ JHPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%HNNHQ YURXZHOLMN 6RPVR 06
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
%HNNHQERGHP 6RPVR 06 0RGHO YDQ HHQ YURXZHOLMN EHNNHQ RS ZDUH JURRWWH 'LW PRGHO YHUVFKDIW PHW QDPH LQ]LFKW RPWUHQW GH OLJJLQJ YDQ GH EHNNHQGHOHQ W R Y HONDDU HQ KRH GH]H EHNNHQGHOHQ GRRU GH EDQGHQ ELMHHQ JHKRXGHQ ZRUGHQ +HW PRGHO LV RQGHHOEDDU HQ UXVW RS HHQ JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%HNNHQERGHP 6RPVR 06
¼
*HVODFKWVRUJDQHQ YDQ GH YURXZ 6RPVR 06 +HW GHOLJH PRGHO RS ZDUH JURRWWH WRRQW GH LQ HQ XLWZHQGLJH JHVODFKWVRUJDQHQ DDQ GH KDQG YDQ ]RZHO PHGLDQH GRRUVQHGHQ DOV RRN XLWJHZHUNWH GHWDLOV DDQ GH EXLWHQ]LMGH 'H LQZHQGLJH RUJDQHQ ]LMQ DIQHHPEDDU YDQ GH EHNNHQERGHP 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HVODFKWVRUJDQHQ YDQ GH YURXZ 6RPVR 06
¼
*HVODFKWVRUJDQHQ YDQ GH YURXZ 6RPVR 06 +HW PRGHO YDQ GH YURXZHOLMNH JHVODFKWVRUJDQHQ EHUXVW RS GH DNWXHOH VWDQG YDQ ZH WHQVFKDSSHOLMN RQGHU]RHN HQ JHHIW ]RZHO HHQ QLHXZH YLVLH RS GH YURXZHOLMNH VH[XDOL WHLW DOV RRN RS GH VH[XDOLWHLW WXVVHQ GH SDUWQHUV HQ KHW YHUVFKLO WXVVHQ VHNVHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HVODFKWVRUJDQHQ YDQ GH YURXZ 6RPVR 06
¼
%HNNHQ PDQQHOLMN 6RPVR 06 0RGHO YDQ HHQ PHGLDQH GRRUVQHGH YDQ KHW PDQQHOLMN EHNNHQ JHPRQWHHUG RS JURQGSODDW +HW PRGHO LV LQ YLHU GHOHQ XLWQHHPEDDU +HW PRGHO WRRQW RQGHU DQGHUH Â&#x2021; (QGHOGDUP Â&#x2021; 8ULQHEODDG Â&#x2021; 3URVWDDW Â&#x2021; 8LWZHQGLJH JHVODFKWVRUJDQHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%HNNHQ PDQQHOLMN 6RPVR 06
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
0(16.81'(
+22)'678.
*HVODFKWVRUJDQHQ YDQ GH PDQ 6RPVR 06 'LW PRGHO WRRQW Â&#x2021; ,QZHQGLJH JHVODFKWVRUJDQHQ Â&#x2021; 8LWZHQGLJH JHVODFKWVRUJDQHQ Â&#x2021; 8ULQHEODDV LQ PHGLDQH GRRUVQHGH 'DDUQDDVW LV KHW PRGHO GHHOEDDU HQ ]LMQ GH GHWDLOV DDQ GH YROJHQGH GHOHQ ]LFKWEDDU Â&#x2021; 3HQLV Â&#x2021; 6FURWXP Â&#x2021; 7HHOEDO Â&#x2021; %LMEDO Â&#x2021; 3URVWDDW Â&#x2021; =DDGOHLGHUV ,Q WRWDDO LQ GHOHQ XLWQHHPEDDU DIQHHPEDDU RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HVODFKWVRUJDQHQ YDQ GH PDQ 6RPVR 06
¼
0DQQHOLMNH JHVODFKWVRUJDQHQ 6RPVR 06 +HW PRGHO YDQ GH PDQQHOLMNH JHVODFKWVRUJDQHQ EHUXVW RS GH DNWXHOH VWDQG YDQ ZHWHQVFKDSSHOLMN RQGHU]RHN HQ JHHIW ]RZHO HHQ QLHXZH YLVLH RS GH PDQQHOLMNH VH[X DOLWHLW DOV RRN RS GH VH[XDOLWHLW WXVVHQ GH SDUWQHUV HQ KHW YHUVFKLO WXVVHQ VHNVHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
0DQQHOLMNH JHVODFKWVRUJDQHQ 6RPVR 06
¼
%HYUXFKWLQJ 6RPVR 06 +HW PRGHO WRRQW GH EHYUXFKWLQJ ELM GH PHQV DDQ GH KDQG YDQ IURQWDOH GRRUVQH GHQ GRRU GH YURXZHOLMNH JHVODFKWVRUJDQHQ +HW HQH PRGHO WRRQW GH GDDGZHUNHOLMNH EHYUXFKWLQJ YDQ HHQ HLFHO LQ ppQ YDQ GH HLOHLGHUV +HW WZHHGH PRGHO WRRQW HHQ LQJH QHVWHOGH EHYUXFKWH HLFHO LQ GH EDDUPRHGHU 6DPHQ RS ppQ JURQGSODDW JHPRQWHHUG 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%HYUXFKWLQJ 6RPVR 06
¼
(LHUVWRN 6RPVR 06 &LUFD YRXGLJH YHUJURWLQJ YDQ GH GRRUVQHGH YDQ HHQ HLHUVWRN XLWJHYRHUG DOV UHOLsI PRGHO +HW PRGHO WRRQW R D IROOLNHOV LQ YHUVFKLOOHQGH VWDGLD YDQ RQWZLNNHOLQJ KHW JHOH OLFKDDP HQ HHQ HLFHO LQ GH HLKHXYHO *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(LHUVWRN 6RPVR 06
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
02'(//(1
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%HYUXFKWLQJ HQ HPEU\RQDOH RQWZLNNHOLQJ 6RPVR 06 ¼
(PEU\R 6RPVR 06 0RGHO YDQ HHQ FLUFD ZHNHQ RXG PHQVHOLMN HPEU\R LQ HHQ FD YRXGLJH YHUJUR WLQJ 9RRU]LHQ YDQ QXPPHULQJ DDQ GH KDQG ZDDUYDQ GH DDQOHJ YDQ YHUVFKLOOHQGH RUJDQHQ HQ H[WUHPLWHLWHQ NXQQHQ ZRUGHQ JHORNDOLVHHUG 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(PEU\R 6RPVR 06
¼
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(PEU\R 6RPVR 06
¼
%HNNHQ QHJHQGH PDDQG ]ZDQJHUVFKDS 6RPVR 06 +HW PRGHO WRRQW GH KHOIW YDQ HHQ YURXZHOLMN EHNNHQ WLMGHQV GH H PDDQG YDQ GH ]ZDQJHUVFKDS 'H IRHWXV LV XLWQHHPEDDU +HW PRGHO VOXLW JRHG DDQ ELM GH PRGHOOHQ XLW GH ]ZDQJHUVFKDSVVHULH *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%HNNHQ QHJHQGH PDDQG ]ZDQJHUVFKDS 6RPVR 06
¼
*HERRUWHVWDGLXP 6RPVR 06 'LW PRGHO WRRQW KHW EHJLQ YDQ GH RQWVOXLWLQJVSHULRGH HQ GH YRUPLQJ YDQ GH YUXFKW EODDV ,Q GHOHQ XLWQHHPEDDU *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HERRUWHVWDGLXP 6RPVR 06
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
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*HERRUWHVWDGLXP 6RPVR 06
¼
%DDUPRHGHU PHW HPEU\R 6RPVR 06 8WHUXV PHW HPEU\R LQ GH HHUVWH PDDQG 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU PHW HPEU\R 6RPVR 06
¼
%DDUPRHGHU PHW HPEU\R 6RPVR 06 8WHUXV PHW HPEU\R LQ GH H PDDQG 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU PHW HPEU\R 6RPVR 06
¼
%DDUPRHGHU PHW HPEU\R 6RPVR 06 8WHUXV PHW HPEU\R LQ GH H PDDQG 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU PHW HPEU\R 6RPVR 06
¼
%DDUPRHGHU PHW IRHWXV 6RPVR 06 8WHUXV PHW IRHWXV LQ GH H WRW H PDDQG 'H XLWQHHPEDUH IRHWXV OLJW LQ EXLNOLJJLQJ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU PHW IRHWXV 6RPVR 06
¼
%DDUPRHGHU PHW IRHWXV 6RPVR 06 8WHUXV PHW IRHWXV LQ GH H PDDQG 'H XLWQHHPEDUH IRHWXV OLJW LQ VWXLWOLJJLQJ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU PHW IRHWXV 6RPVR 06
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
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%DDUPRHGHU PHW IRHWXV 6RPVR 06
¼
%DDUPRHGHU PHW IRHWXV 6RPVR 06 8WHUXV PHW IRHWXV LQ GH H PDDQG 'H XLWQHHPEDUH IRHWXV OLJW LQ HHQ QRUPDOH OLJ JLQJ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU PHW IRHWXV 6RPVR 06
¼
%DDUPRHGHU WZHHOLQJHQ 6RPVR 06 8WHUXV PHW WZHHOLQJIRHWXVVHQ LQ GH H PDDQG 'H XLWQHHPEDUH IRHWXVVHQ OLJJHQ LQ HHQ YRRU WZHHOLQJHQ QRUPDOH OLJJLQJ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%DDUPRHGHU WZHHOLQJHQ 6RPVR 06
¼
=ZDQJHUVFKDSVVHULH 6RPVR 06 +HW PRGHO LV HHQ YHU]DPHOLQJ YDQ GH PRGHOOHQ Â&#x2021; %DDUPRHGHU PHW HPEU\R 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW HPEU\R 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW HPEU\R 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW IRHWXV 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW IRHWXV 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW IRHWXV 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW IRHWXV 6RPVR 06 Â&#x2021; %DDUPRHGHU PHW WZHHOLQJ 6RPVR 06 *HZLFKW Â&#x2021; 0DVVD NJ
=ZDQJHUVFKDSVVHULH 6RPVR 06
¼
3ODFHQWD 6RPVR 06 'LW PRGHO WRRQW HHQ GZDUVGRRUVQHGH GRRU GH SODFHQWD LQ UHOLsI &LUFD YRXGLJ YHU JURRW PRGHO RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3ODFHQWD 6RPVR 06
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
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%DE\SRS 6RPVR 06
¼
%DE\SRS 6RPVR 06 0RGHO GDW HHQ PDQQHOLMNH ]XLJHOLQJ YDQ FLUFD ZHNHQ YRRUVWHOW +HW PRGHO LV YRRU ]LHQ YDQ NRJHOJHZULFKWHQ HQ LV JHVFKLNW RP WH EDGHQ HQ WH YHU]RUJHQ %RYHQGLHQ ]LMQ QHXVJDWHQ RRURSHQLQJHQ HQ GH DQXV JHRSHQG 2PYDQJ HQ JHZLFKW Â&#x2021; +RRIG FP Â&#x2021; /HQJWH FP Â&#x2021; 0DVVD NJ
%DE\SRS 6RPVR 06
¼
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%DE\SRS 6RPVR 06
¼
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%DE\SRS 6RPVR 06
¼
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%DE\YHU]RUJLQJVVHW
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1RUPDOH YRHW 6RPVR 16 (HQ DDQ ppQ ]LMGH RSHQJHZHUNW PRGHO YDQ HHQ YRHW RS ZDUH JURRWWH +HW PRGHO WRRQW YHUVFKLOOHQGH EHHQGHUHQ YDQ GH YRHW HQNHOEDQGHQ HQ R D GH DFKLOOHVSHHV 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
1RUPDOH YRHW 6RPVR 16
¼
3ODWYRHW 6RPVR 16 'LW PRGHO GLHQW WHU YHUJHOLMNLQJ YDQ HHQ GRRUJH]DNWH YRHW PHW HHQ DQDWRPLVFK FRU UHFWH YRHW ]RDOV QXPPHU QRUPDOH YRHW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
3ODWYRHW 6RPVR 16
¼
+ROOH YRHW 6RPVR 16 'LW PRGHO WRRQW HHQ VWHUN YHUYRUPGH YRHW HHQ ]JQ KROOH YRHW HQ GLHQW WHU YHUJHOLM NLQJ PHW KHW PRGHO YDQ GH QRUPDOH YRHW QXPPHU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+ROOH YRHW 6RPVR 16
¼
(QNHOEDQGHQ 6RPVR 16 +HW PRGHO WRRQW GH RQGHUOLJJHQGH HQNHOEDQGHQ YDQ GH YRHW GLH RS PRGHO QLHW ]LMQ XLWJHZHUNW ,Q WZHH GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(QNHOEDQGHQ 6RPVR 16
¼
9RHW VSLHUPRGHO 6RPVR 16 0RGHO YDQ GH PXVFXODWXXU YDQ GH YRHW RS QDWXXUOLMNH JURRWWH LQ WRWDDO LQ GHOHQ XLWQHHPEDDU 'H VSLHUHQ YDQ GH YRHW]RRO ]LMQ LQ ODJHQ DIQHHPEDDU 2RN GH ]HQXZHQ HQ EORHGYDWHQ ]LMQ LQ KHW PRGHO ZHHUJHJHYHQ 2S VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
9RHW VSLHUPRGHO 6RPVR 16
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
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9RHWJHZULFKWHQ 6RPVR 16
¼
0RGHO VSLHUEHHQ 6RPVR 16 (QLJ]LQV YHUNOHLQG PRGHO YDQ KHW OLQNHUEHHQ PHW HHQ GHHO YDQ KHW EHNNHQ +HW GHOLJ PRGHO WRRQW QDDVW GH PXVFXODWXXU RRN GH EHODQJULMNVWH ]HQXZHQ HQ EORHG YDWHQ $IQHHPEDDU ]LMQ R D Â&#x2021; *URWH ELOVSLHU Â&#x2021; %UHGH SHHVYOLHVVSDQQHU Â&#x2021; .OHHUPDNHUVVSLHU Â&#x2021; 5HFKWH GLMVSLHU Â&#x2021; +DOI YOH]LJH SH]LJH VSLHU Â&#x2021; 7ZHHKRRIGLJH GLMVSLHU Â&#x2021; /DQJH WHHQVWUHNNHU *HPRQWHHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
0RGHO VSLHUEHHQ 6RPVR 16
¼
+DQG VSLHUPRGHO 6RPVR 16 0RGHO YDQ GH KDQG RS ZDUH JURRWWH 1DDVW GH KDQGVSLHUHQ WRRQW GLW PRGHO RRN GH EHODQJULMNVWH ]HQXZHQ HQ EORHGYDWHQ DOVPHGH HHQ GHHO YDQ GH JHZULFKWVEDQGHQ +HW GHOLJH PRGHO ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DQG VSLHUPRGHO 6RPVR 16
¼
&KLUXUJLVFK KDQGPRGHO 6RPVR 16 ( 0HW RQGHUZLMVNXQGLJH EHVFKLOGHULQJHQ %LM GLW PRGHO ZRUGHQ W\SLVFKH ]LHNHOLMNH YHU DQGHULQJHQ ]RDOV R D KHW .DUSDOWXQQHOV\QGURRP DIJHEHHOG ,Q GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
&KLUXUJLVFK KDQGPRGHO 6RPVR 16 (
¼
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+DQG HQ YLQJHUJHZULFKWHQ 6RPVR 16
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
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$UP VSLHUPRGHO 6RPVR 16 0RGHO YDQ HHQ UHFKWHUDUP PHW VFKRXGHUJRUGHO RS QDWXXUOLMNH JURRWWH +HW ]HVGHOLJH PRGHO LV GHHOEDDU LQ Â&#x2021; 'HOWDVSLHU Â&#x2021; 'ULHKRRIGLJH DUPVSLHU Â&#x2021; 5RQGH YRRUZDDUWVH GUDDLHU Â&#x2021; 5DGLDOH EXLJHU YDQ GH KDQG Â&#x2021; /DQJH KDQGSDOPVSLHU Â&#x2021; 2SSHUYODNNLJH YLQJHUEXLJVSLHU 2RN GH EORHGYDWHQ HQ EHODQJULMNVWH ]HQXZHQ ]LMQ RS GLW PRGHO ZHHUJHJHYHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
$UP VSLHUPRGHO 6RPVR 16
¼
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+HXSJHZULFKW 6RPVR 16
¼
(OOHERRJJHZULFKW 6RPVR 16 (pQGHOLJ PRGHO YDQ KHW HOOHERRJJHZULFKW PHW JHZULFKWVEDQGHQ RS ZDUH JURRWWH *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
(OOHERRJJHZULFKW 6RPVR 16
¼
.QLHJHZULFKW 6RPVR 16 2S QDWXXUOLMNH JURRWWH XLWJHYRHUG PRGHO YDQ HHQ NQLHJHZULFKW *HPRQWHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
.QLHJHZULFKW 6RPVR 16
¼
6FKRXGHUJHZULFKW 6RPVR 16 0RGHO RS QDWXXUOLMNH JURRWWH YDQ KHW VFKRXGHUJHZULFKW PHW ZHHUJDYH YDQ GH YHUVFKLOOHQGH VSLHUDDQKHFKWLQJHQ HQ JHZULFKWVEDQGHQ *HPRQWHHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6FKRXGHUJHZULFKW 6RPVR 16
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
02'(//(1
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.QLHJHZULFKW 6RPVR 16
¼
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+DQGJHZULFKWHQ IXQFWLHPRGHO 6RPVR 16
¼
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.QLHJHZULFKW IXQFWLHPRGHO 6RPVR 16
¼
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+HXSJHZULFKW IXQFWLHPRGHO 6RPVR 16
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
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(OOHERRJJHZULFKW IXQFWLHPRGHO 6RPVR 16
¼
6FKRXGHUJHZULFKW IXQFWLHPRGHO 6RPVR 16 'LW Ã&#x20AC;H[LEHOH PRGHO YDQ KHW VFKRXGHUJHZULFKW ODDW GH YROJHQGH EHZHJLQJHQ WRH Â&#x2021; $EGXFWLH Â&#x2021; $FKWHUZDDUWV ]ZDDLHQ Â&#x2021; 9RRUZDDUWV ]ZDDLHQ Â&#x2021; %LQQHQURWDWLH Â&#x2021; %XLWHQURWDWLH$IQHHPEDDU RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6FKRXGHUJHZULFKW IXQFWLHPRGHO 6RPVR 16
¼
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9RHWJHZULFKWHQ IXQFWLHPRGHO 6RPVR 16
¼
6.(/(77(1 6NHOHW 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ PDQQHOLMN YROZDVVHQHQ VNHOHW *RHGH QDWXXUJHWURXZH ZHHUJDYH YDQ GH ERWVWUXFWXXU LQ DOOH DQDWRPLVFKH GHWDLOV 'H VFKHGHO KHHIW HHQ EHZHHJEDUH RQGHUNDDN HQ HHQ DIQHHPEDDU VFKHGHOGDN 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ Â&#x2021; 9RHWHQ +HW VNHOHW ZRUGW JHOHYHUG LQFOXVLHI VWDWLHI 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
0(16.81'(
+22)'678.
6NHOHW 6RPVR 46 ( .XQVWVWRI DIJLHWVHO YDQ HHQ VNHOHW *RHGH JHGHWDLOOHHUGH ZHHUJDYH YDQ GH ERWVWUXF WXXU 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ 'H JHZULFKWHQ ]LMQ P X Y GH KDQGJHZULFKWHQ HQ YRHWJHZULFKWHQ EHZHHJEDDU JHPRQWHHUG +HW VNHOHW ZRUGW JHOHYHUG LQFOXVLHI VWDQGDDUG PHW ]ZHQNZLHOHQ 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46 (
¼
6NHOHW 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ PDQQHOLMN YROZDVVHQHQ VNHOHW *RHGH QDWXXUJHWURXZH ZHHUJDYH YDQ GH ERWVWUXFWXXU LQ DOOH DQDWRPLVFKH GHWDLOV 'H VFKHGHO KHHIW HHQ EHZHHJEDUH RQGHUNDDN HQ HHQ DIQHHPEDDU VFKHGHOGDN 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ +HW VNHOHW ZRUGW JHOHYHUG LQFOXVLHI VWDWLHI PHW ]ZHQNZLHOHQ 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46
¼
6NHOHW 6RPVR 46 .XQVWVWRIDIJLHWVHO YDQ HHQ PDQQHOLMN YROZDVVHQHQ VNHOHW *RHGH QDWXXUJHWURXZH ZHHUJDYH YDQ GH ERWVWUXFWXXU LQ DOOH DQDWRPLVFKH GHWDLOV 'H VFKHGHO KHHIW HHQ EHZHHJEDUH RQGHUNDDN HQ HHQ DIQHHPEDDU VFKHGHOGDN 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ (pQ YDQ GH DUPHQ LV YRRU]LHQ YDQ UXEEHUHQ VWUHQJHQ WHU QDERRWVLQJ YDQ GH RS SHUDUPVSLHUHQ +HW VNHOHW ZRUGW JHOHYHUG LQFOXVLHI VWDWLHI 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
6.(/(77(1
6NHOHW PHW JHZULFKWVEDQGHQ 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ PDQQHOLMN YROZDVVHQHQ VNHOHW *RHGH QDWXXUJHWURXZH ZHHUJDYH YDQ GH ERWVWUXFWXXU LQ DOOH DQDWRPLVFKH GHWDLOV 'H VFKHGHO KHHIW HHQ EHZHHJEDUH RQGHUNDDN HQ HHQ DIQHHPEDDU VFKHGHOGDN 'DDUQDDVW ZRUGHQ GH JHZULFKWVEDQGHQ YDQ GH YROJHQGH GHOHQ JHWRRQG Â&#x2021; 6FKRXGHU Â&#x2021; (OOHERRJ Â&#x2021; .QLH Â&#x2021; +HXS 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ +HW VNHOHW ZRUGW JHOHYHUG LQFOXVLHI VWDWLHI PHW ]ZHQNZLHOHQ 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW PHW JHZULFKWVEDQGHQ 6RPVR 46
¼
6NHOHW 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ YURXZHOLMN YROZDVVHQHQ VNHOHW VWDDQG JHPRQWHHUG RS VWDWLHI PHW ]ZHQNZLHOHQ 1DWXXUJHWURXZH ZHHUJDYH YDQ GH ERWVWUXFWXXU LQ DOOH DQDWRPLVFKH GHWDLOV $IQHHPEDDU ]LMQ Â&#x2021; 6FKHGHOGDN Â&#x2021; 2QGHUNDDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ Â&#x2021; 9RHWHQ 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46
¼
6NHOHW 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ PDQQHOLMN YROZDVVHQHQ VNHOHW JHPRQWHHUG RS VWDWLHI PHW ]ZHQNZLHOHQ 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; $UPHQ LQFOXVLHI VFKRXGHUJRUGHO Â&#x2021; %HQHQ Â&#x2021; 9RHWHQ Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; %HZHHJEDUH RQGHUNDDN $DQ GH UHFKWHU]LMGH YDQ GLW VNHOHW ]LMQ GH RRUVSURQJV HQ DDQKHFKWLQJVSXQWHQ YDQ GH EHODQJULMNVWH VSLHUHQ PHW URRG HQ EODXZ JHPDUNHHUG $DQ GH OLQNHU]LMGH ]LMQ GH LQGLYLGXHOH VNHOHWGHOHQ JHQXPPHUG 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
0(16.81'(
+22)'678.
6NHOHW 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ PDQQHOLMN YROZDVVHQHQ VNHOHW *RHGH QDWXXUJHWURXZH ZHHUJDYH YDQ GH ERWVWUXFWXXU LQ DOOH DQDWRPLVFKH GHWDLOV PHW UXJJHQPHUJ HQ ]HQXZDIWDNNLQJHQ 'H VFKHGHO KHHIW HHQ EHZHHJEDUH RQGHUNDDN HHQ DIQHHPEDDU VFKHGHOGDN 'H YROJHQGH GHOHQ ]LMQ DIQHHPEDDU Â&#x2021; 6FKHGHO Â&#x2021; 6FKHGHOGDN Â&#x2021; $UPHQ Â&#x2021; %HQHQ Â&#x2021; 9RHWHQ +HW VNHOHW ZRUGW JHOHYHUG LQFOXVLHI VWDWLHI 'H OHQJWH YDQ KHW VNHOHW LV FP 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
6NHOHW 6RPVR 46
¼
6FKHGHO WUDQVSDUDQW 6RPVR 46 1HXUR DQDWRPLVFK PRGHO 1DWXXUOLMNH JURRWWH 'LW PRGHO EHVWDDW XLW HHQ WUDQVSDUDQWH VFKHGHO PHW KDOVZHUYHO HQ GHOLJ KHUVHQPRGHO ZDDUYDQ GH KHUVHQVFKRUVHQ LQ NOHXU JHPDUNHHUG ]LMQ 'RRU GH VFKHGHOEDVLV ]LMQ GH KHUVHQ]HQXZHQ ]LFKWEDDU ,Q GHOHQ XLWQHHPEDDU *HPRQWHHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; 2PWUHN VFKHGHO PP Â&#x2021; $IPHWLQJHQ [ PP Â&#x2021; 0DVVD NJ
6FKHGHO WUDQVSDUDQW 6RPVR 46
¼
6FKHGHO 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ QDWXXUOLMNH VFKHGHO YDQ HHQ YROZDVVHQH LQ GHOHQ XLWQHHPEDDU +HW VFKHGHOGDN LV DIQHHPEDDU HQ LV HYHQDOV GH VFKHGHOEDVLV DDQ GH ELQQHQ]LMGH YRRU]LHQ YDQ HHQ JHNOHXUGH PDUNHULQJ YDQ GH EORHGYDWHQ YDQ KHW KDUGH KHUVHQYOLHV 'H RQGHUNDDN LV EHZHHJEDDU HQ ]RGDQLJ RSHQJHZHUNW GDW GH WDQG ZRUWHOV GH EORHGYDWHQ HQ GH ]HQXZHQ ]LFKWEDDU ]LMQ %RYHQGLHQ ]LMQ GH LQGLYLGXHOH ERWWHQ YDQ GH VFKHGHO JHQXPPHUG ,QFOXVLHI OHJHQGD LQ KHW 'XLWV HQ /DWLMQ 2PYDQJ HQ JHZLFKW Â&#x2021; 2PWUHN VFKHGHO PP Â&#x2021; $IPHWLQJHQ [ PP Â&#x2021; 0DVVD NJ
6FKHGHO 6RPVR 46
¼
)RHWXVVFKHGHO 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ QDWXXUOLMNH IRHWXVVFKHGHO 'H ERYHQ HQ RQGHUNDDN ]LMQ RSHQ JHSUHSDUHHUG ZDDUGRRU GH IRHWDOH WDQGDDQOHJ ]LFKWEDDU LV 'H VFKHGHO LV QLHW WH VSOLWVHQ LQ PHHUGHUH GHOHQ 2PYDQJ HQ JHZLFKW Â&#x2021; 2PWUHN VFKHGHO PPO Â&#x2021; $IPHWLQJHQ [ PP Â&#x2021; 0DVVD NJ
)RHWXVVFKHGHO 6RPVR 46
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
6.(/(77(1
6FKHGHO 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ QDWXXUOLMNH VFKHGHO YDQ HHQ YROZDVVHQH LQ GHOHQ XLWQHHPEDDU +HW VFKHGHOGDN LV DIQHHPEDDU PDDU PHW KDDNMHV JH¿[HHUG RS GH RQGHUVWH KHOIW 'H RQGHUNDDN LV EHZHHJEDDU 'XLGHOLMNH ZHHUJDYH YDQ GH YHUJURHL LQJVQDGHQ HQ DQGHUH VWUXFWXUHQ LQ GH GLYHUVH ERWWHQ 2PYDQJ HQ JHZLFKW Â&#x2021; 2PWUHN VFKHGHO PP Â&#x2021; $IPHWLQJHQ [ PP Â&#x2021; 0DVVD NJ
6FKHGHO 6RPVR 46
¼
6FKHGHO 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ QDWXXUOLMNH VFKHGHO YDQ HHQ YROZDVVHQH LQ GHOHQ XLWQHHPEDDU +HW VFKHGHOGDN LV DIQHHPEDDU PDDU PHW KDDNMHV JH¿[HHUG RS GH RQ GHUVWH KHOIW 'H RQGHUNDDN LV EHZHHJEDDU 'XLGHOLMNH ZHHUJDYH YDQ GH YHUJURHLLQJV QDGHQ HQ DQGHUH VWUXFWXUHQ LQ GH GLYHUVH ERWWHQ 'H LQGLYLGXHOH ERWWHQ ]LMQ JHQXP PHUG (HQ YHUNODUHQGH WHNVW LQ KHW 'XLWV HQ /DWLMQ ZRUGW PHHJHOHYHUG 2PYDQJ HQ JHZLFKW Â&#x2021; 2PWUHN VFKHGHO PP Â&#x2021; 0DVVD NJ
6FKHGHO 6RPVR 46
¼
6FKHGHOPRGHO 6RPVR 46 0RGHO YDQ HHQ VFKHGHO YDQ HHQ YROZDVVHQH RS QDWXXUOLMNH JURRWWH 'LW PRGHO EHVWDDW XLW DI]RQGHUOLMNH GHOHQ GLH PHW EHKXOS YDQ VWHHNYHUELQGLQJHQ WRW HHQ FRPSOHWH VFKHGHO VDPHQJHYRHJG NXQQHQ ZRUGHQ 0HW EHKXOS YDQ JHNOHXUGH VFKHGHOHOHPHQ WHQ NDQ LQ]LFKW ZRUGHQ YHUNUHJHQ LQ GH FRPSOH[H ERXZ YDQ GH PHQVHOLMNH VFKHGHO 2PYDQJ HQ JHZLFKW Â&#x2021; 2PWUHN VFKHGHO PP Â&#x2021; 0DVVD NJ
6FKHGHOPRGHO 6RPVR 46
¼
*HVSURQJHQ VFKHGHO 6RPVR 46 1DWXXUOLMN DIJLHWVHO YDQ HHQ VFKHGHO YDQ HHQ YROZDVVHQH LQ DI]RQGHUOLMNH ERWGH OHQ $OOH ERWGHOHQ ZRUGHQ DI]RQGHUOLMN YHUSDNW JHOHYHUG LQ HHQ ]DNMH PHW GH QDDP YDQ KHW EHWUHIIHQGH GHHO 7RW GH OHYHULQJ EHKRRUW RRN HHQ WUDQVSDUDQWH NXQVWVWRI NRIIHU PHW YDNLQGHOLQJ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP NRIIHU
Â&#x2021; 0DVVD NJ
*HVSURQJHQ VFKHGHO 6RPVR 46
¼
+DOVZHUYHO 6RPVR 46 & *HZLFKW Â&#x2021; 0DVVD NJ
+DOVZHUYHO 6RPVR 46 &
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
0(16.81'(
+22)'678.
%RUVWZHUYHO 6RPVR 46 7+ *HZLFKW Â&#x2021; 0DVVD NJ
%RUVWZHUYHO 6RPVR 46 7+
¼
/HQGHQZHUYHO 6RPVR 46 / *HZLFKW Â&#x2021; 0DVVD NJ
/HQGHQZHUYHO 6RPVR 46 /
¼
$WODV HQ GUDDLHU 6RPVR 46 $IJLHWVHOV YDQ QDWXXUOLMNH HHUVWH HQ WZHHGH KDOVZHUYHO *HZLFKW Â&#x2021; 0DVVD NJ
$WODV HQ GUDDLHU 6RPVR 46
¼
0RGHO RVWHRSRURVH 6RPVR 46 'HPRQVWUDWLHPRGHO YDQ HHQ RVWHRSRURVH OHQGHQZHUYHO W R Y HHQ JH]RQGH OHQGHQ ZHUYHO 'H ZHUYHOV NXQQHQ G P Y HHQ VFKDUQLHU JHRSHQG ZRUGHQ GHOLJ JHPRQ WHHUG RS JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
0RGHO RVWHRSRURVH 6RPVR 46
¼
:HUYHOYHU]DPHOLQJ 6RPVR 46 9HU]DPHOLQJ EHVWDDQGH XLW QDWXXUOLMNH DIJLHWVHOV YDQ KDOV ERUVW HQ OHQGHQZHUYHO DOVPHGH HHQ DWODV HQ GUDDLHU *HZLFKW Â&#x2021; 0DVVD NJ
:HUYHOYHU]DPHOLQJ 6RPVR 46
¼
:HUYHOYHU]DPHOLQJ 6RPVR 46 9HU]DPHOLQJ PHW QDWXXUOLMNH DIJLHWVHOV YDQ Â&#x2021; +DOVZHUYHO PHW UXJJHQPHUJ HQ ]HQXZYHUWDNNLQJHQ Â&#x2021; %RUVWZHUYHO Â&#x2021; /HQGHQZHUYHO Â&#x2021; 7XVVHQZHUYHOVFKLMI Â&#x2021; $WODV Â&#x2021; 'UDDLHU /HYHULQJ LV LQFOXVLHI RSEHUJFDVVHWWH PHW JODVKHOGHUH DIGHNNDS 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP FDVVHWWH
Â&#x2021; 0DVVD NJ
:HUYHOYHU]DPHOLQJ 6RPVR 46
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
6.(/(77(1
'LVFXV KHUQLD 6RPVR 46 0RGHO YDQ HHQ GRUVRODWHUDOH GLVFXV KHUQLD WXVVHQ GH H HQ GH H OHQGHQZHUYHO 'XLGHOLMN LV WH ]LHQ KRH GH XLWVWXOSLQJ GUXNW RS GH XLWWUHGHQGH ]HQXZEDDQ ,Q GHOHQ XLWQHHPEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'LVFXV KHUQLD 6RPVR 46
¼
'LVFXV KHUQLD 6RPVR 46 0RGHO YDQ HHQ GRUVRODWHUDOH GLVFXV KHUQLD WXVVHQ GH H HQ GH H OHQGHQZHUYHO 'XLGHOLMN LV WH ]LHQ KRH GH XLWVWXOSLQJ GUXNW RS GH XLWWUHGHQGH ]HQXZEDDQ ,Q GHOHQ XLWQHHPEDDU 7RW KHW PRGHO EHKRUHQ RRN HHQ QRUPDOH WXVVHQZHUYHOVFKLMI HQ HHQ FHQWUDOH XLWVWXOSLQJ ]RGDW HHQ FHQWUDOH HQ HHQ GRUVRODWHUDOH GLVFXV KHUQLD JHGHPRQ VWUHHUG NXQQHQ ZRUGHQ LQ YHUJHOLMNLQJ PHW GH VLWXDWLH YRRUGDW GH KHUQLD RSWUDG +HW PRGHO LV GHOLJ HQ JHPRQWHHUG RS HHQ JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'LVFXV KHUQLD 6RPVR 46
¼
'LVFXV KHUQLD 6RPVR 46 1DWXXUOLMNH JURRWWH %LM GLW PRGHO ZRUGW GH QRUPDOH DQDWRPLH LQ YHUKRXGLQJ WRW SDWKR ORJLVFKH YHUDQGHULQJHQ JHWRRQG ]RDOV Â&#x2021; 1RUPDOH DQDWRPLH Â&#x2021; $QXOXV ¿EURVXV 5XPSHUW
Â&#x2021; 0HGLR ODWHUDOH QXFOHXV SURODSV Â&#x2021; 0HGLDOH GLVFXVKHUQLD Â&#x2021; 6SLQDOH VWHQRVH Â&#x2021; / ZHUYHOVSRQG\ORO\VH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
'LVFXV KHUQLD 6RPVR 46
¼
+DOVZHUYHONRORP PHW VFKRXGHUJRUGHO 6RPVR 46 'LW PRGHO RS QDWXXUOLMNH JURRWWH LV HHQ QDWXXUJHWURXZH ZHHUJDYH YDQ GH SOH[XV FHUYLFDOLV HQ GH SOH[XV EUDFKLDOLV *HPRQWHHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
+DOVZHUYHONRORP PHW VFKRXGHUJRUGHO 6RPVR 46
¼
:HUYHONRORP 6RPVR 46 +HW PRGHO YDQ GH ZHUYHONRORP RPYDW DOOH ZHUYHOV HQ HHQ YROOHGLJ EHNNHQ HQ LV WHYHQV YRRU]LHQ YDQ KHW DDQVOXLWHQGH DFKWHUKRRIGVEHHQ 2RN LV KHW UXJJHQPHUJ PHW XLWWUHGHQGH ]HQXZHQ PHW JDQJOLsQ ZHHUJHJHYHQ 'H VDPHQJHVWHOGH GHOHQ ]LMQ DOOH DIJLHWVHOV YDQ QDWXXUOLMNH SUHSDUDWHQ =RZHO ZHUYHONRORP DOV EHNNHQ ]LMQ Ã&#x20AC;H[LEHO JHPRQWHHUG HQ OHQHQ ]LFK GXV ELM XLWVWHN YRRU GHPRQVWUDWLH HQ PDQLSXODWLH LQ GH EHZHJLQJVOHHU +HW PRGHO KHHIW HHQ VWDWLHI HQ LV XLWJHUXVW PHW HHQ RSKDQJLQJ *HZLFKW Â&#x2021; 0DVVD NJ
:HUYHONRORP 6RPVR 46
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
0(16.81'(
+22)'678.
:HUYHONRORP 6RPVR 46 +HW PRGHO YDQ GH ZHUYHONRORP RPYDW DOOH ZHUYHOV HQ HHQ YROOHGLJ EHNNHQ HQ LV WHYHQV YRRU]LHQ YDQ KHW DDQVOXLWHQGH DFKWHUKRRIGVEHHQ 'H VDPHQJHVWHOGH GHOHQ ]LMQ DOOH DIJLHWVHOV YDQ QDWXXUOLMNH SUHSDUDWHQ =RZHO ZHUYHONRORP DOV EHNNHQ ]LMQ Ã&#x20AC;H[LEHO JHPRQWHHUG HQ OHQHQ ]LFK GXV ELM XLWVWHN YRRU GHPRQVWUDWLH HQ PDQLSXODWLH LQ GH EHZHJLQJVOHHU *HZLFKW Â&#x2021; 0DVVD NJ
:HUYHONRORP 6RPVR 46
¼
:HUYHONRORP 6RPVR 46 +HW PRGHO YDQ GH ZHUYHONRORP RPYDW DOOH ZHUYHOV HQ HHQ YROOHGLJ EHNNHQ HQ LV WHYHQV YRRU]LHQ YDQ KHW DDQVOXLWHQGH DFKWHUKRRIGVEHHQ 2RN LV KHW UXJJHQPHUJ PHW XLWWUHGHQGH ]HQXZHQ PHW JDQJOLsQ ZHHUJHJHYHQ 'H VDPHQJHVWHOGH GHOHQ ]LMQ DOOH DIJLHWVHOV YDQ QDWXXUOLMNH SUHSDUDWHQ =RZHO ZHUYHONRORP DOV EHNNHQ ]LMQ Ã&#x20AC;H[LEHO JHPRQWHHUG HQ OHQHQ ]LFK GXV ELM XLWVWHN YRRU GHPRQVWUDWLH HQ PDQLSXODWLH LQ GH EHZHJLQJVOHHU *HZLFKW Â&#x2021; 0DVVD NJ
:HUYHONRORP 6RPVR 46
¼
:HUYHONRORP 6RPVR 46 +HW PRGHO YDQ GH ZHUYHONRORP RPYDW DOOH ZHUYHOV HQ HHQ YROOHGLJ EHNNHQ HQ LV WHYHQV YRRU]LHQ YDQ KHW DDQVOXLWHQGH DFKWHUKRRIGVEHHQ 2RN LV KHW UXJJHQPHUJ PHW XLWWUHGHQGH ]HQXZHQ PHW JDQJOLsQ ZHHUJHJHYHQ 'H VDPHQJHVWHOGH GHOHQ ]LMQ DOOH DIJLHWVHOV YDQ QDWXXUOLMNH SUHSDUDWHQ =RZHO ZHUYHONRORP DOV EHNNHQ ]LMQ Ã&#x20AC;H[LEHO JHPRQWHHUG HQ OHQHQ ]LFK GXV ELM XLWVWHN YRRU GHPRQVWUDWLH HQ PDQLSXODWLH LQ GH EHZHJLQJVOHHU +HW PRGHO LV RS GH DV YDQ KHW KHXSJHZULFKW GUDDLEDDU HQ YHUVWHOEDDU HQ ZRUGW JHOHYHUG RS VWDWLHI PHW JURQGSODDW *HZLFKW Â&#x2021; 0DVVD NJ
:HUYHONRORP 6RPVR 46
¼
/HQGHQZHUYHONRORP PHW ]HQXZHQ 6RPVR 46 (HQ QDWXXUJHWURXZ HQ XLWHUPDWH SUDNWLMNJHULFKW GRRU ZHWHQVFKDSSHUV RQWZLNNHOG DIJLHWVHO GDW GH GHJHQHUDWLHYH YHUDQGHULQJHQ DDQ KHW EHNNHQERW HQ GH OHQGHQZHUYHO WRRQW PHW ZHHUJDYH YDQ GH EHODQJULMNVWH ]LHNWHYHUVFKLMQVHOHQ ]RDOV Â&#x2021; :HUYHOIUDFWXXU Â&#x2021; 9HUDQGHULQJHQ GRRU WXPRUHQ Â&#x2021; +HUQLD Â&#x2021; 6SRQG\O DUWULWLVFKH RVWHRSK\WHQ Â&#x2021; 0HWDVWDVHQ DDQ GH ZHUYHO 'LW PRGHO WRRQW ERYHQGLHQ Â&#x2021; $OOH ]HQXZZRUWHOHQ Â&#x2021; /HQGHQPHUJ Â&#x2021; 3OH[XV OXPEDOLV Â&#x2021; 3OH[XV VDFUDOLV Â&#x2021; *DQJOLsQ ,Q WZHH GHOHQ XLWQHHPEDDU JHPRQWHHUG RS VWDWLHI PHW JURQGSODDW 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
/HQGHQZHUYHONRORP PHW ]HQXZHQ 6RPVR 46
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
6.(/(77(1
%HNNHQ YURXZHOLMN 6RPVR 46 *H¿[HHUG PRGHO YDQ NXQVWVWRI DIJLHWVHOV YDQ QDWXXUOLMNH GHOHQ +HW EHNNHQ EHVWDDW XLW Â&#x2021; %HNNHQEODGHQ Â&#x2021; +HLOLJEHHQ Â&#x2021; 6WXLWEHHQ Â&#x2021; 9LHUGH HQ YLMIGH OHQGHQZHUYHO PHW WXVVHQZHUYHOVVFKLMYHQ *HZLFKW Â&#x2021; 0DVVD NJ
%HNNHQ YURXZHOLMN 6RPVR 46
¼
%HNNHQ YURXZHOLMN 6RPVR 46 *H¿[HHUG PRGHO YDQ NXQVWVWRI DIJLHWVHOV YDQ QDWXXUOLMNH GHOHQ +HW EHNNHQ EHVWDDW XLW Â&#x2021; %HNNHQEODGHQ Â&#x2021; +HLOLJEHHQ Â&#x2021; 6WXLWEHHQ Â&#x2021; 9LHUGH HQ YLMIGH OHQGHQZHUYHO PHW WXVVHQZHUYHOVVFKLMYHQ Â&#x2021; 'HHO YDQ KHW GLMEHHQ *HZLFKW Â&#x2021; 0DVVD NJ
%HNNHQ YURXZHOLMN 6RPVR 46
¼
$UPVNHOHW PHW KDQG 6RPVR 46 .XQVWVWRI DIJLHWVHO YDQ HHQ YROOHGLJ DUPVNHOHW PHW VFKRXGHUJRUGHO HQ KDQG %H ZHHJEDDU JHPRQWHHUG 2PYDQJ HQ JHZLFKW Â&#x2021; /HQJWH PP Â&#x2021; 0DVVD NJ
$UPVNHOHW PHW KDQG 6RPVR 46
¼
+DQGVNHOHW 6RPVR 46 $IJLHWVHO YDQ QDWXXUOLMNH ERWWHQ EHZHHJEDDU VDPHQ JHPRQWHHUG HQ YHUERQGHQ DDQ GHOHQ YDQ VSDDNEHHQ HQ HOOHSLMS *HZLFKW Â&#x2021; 0DVVD NJ
+DQGVNHOHW 6RPVR 46
¼
%HHQVNHOHW 6RPVR 46 $IJLHWVHO YDQ HHQ QDWXXUOLMN EHHQVNHOHW PHW HHQ KHOIW YDQ KHW EHNNHQ +HW PRGHO LV EHZHHJEDDU JHPRQWHHUG 2PYDQJ HQ JHZLFKW Â&#x2021; /HQJWH PP Â&#x2021; 0DVVD NJ
%HHQVNHOHW 6RPVR 46
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
6.(/(77(1
0(16.81'(
+22)'678.
9RHWVNHOHW 6RPVR 46 1DWXXUJHWURXZ PRGHO YDQ HHQ YRHWVNHOHW ZDDUYDQ GH DI]RQGHUOLMNH ERWWHQ PHW EHKXOS YDQ PHWDDOGUDDG ]LMQ VDPHQJHYRHJG WRW HHQ QDJHQRHJ VWDUUH FRQVWUXFWLH 'HOHQ YDQ VFKHHQ HQ NXLWEHHQ ZRUGHQ RRN LQ KHW PRGHO ZHHUJHJHYHQ *HZLFKW Â&#x2021; 0DVVD NJ
9RHWVNHOHW 6RPVR 46
¼
9RHWVNHOHW 6RPVR 46 1DWXXUJHWURXZ PRGHO YDQ HHQ YRHWVNHOHW 'HOHQ YDQ VFKHHQ HQ NXLWEHHQ ZRUGHQ RRN LQ KHW PRGHO ZHHUJHJHYHQ +HW PRGHO LV Ã&#x20AC;H[LEHO JHPRQWHHUG PHW EHKXOS YDQ HODVWLVFK PDWHULDDO +LHUGRRU ODWHQ ]LFK RSWUHGHQGH YHUDQGHULQJHQ ELM SODWYRHWHQ HQ GHUJHOLMNH ]HHU RYHUWXLJHQG GHPRQVWUHUHQ *HZLFKW Â&#x2021; 0DVVD NJ
9RHWVNHOHW 6RPVR 46
¼
*HKRRUEHHQWMHV 6RPVR 46 'H GULH JHKRRUEHHQWMHV RS ZDUH JURRWWH JHPRQWHHUG RS HHQ JURQGSODDW PHW HHQ SOH[LJODV DIGHNNDSMH 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
*HKRRUEHHQWMHV 6RPVR 46
¼
%RXZ YDQ KHW ERW 6RPVR 46 0RGHO JHPRQWHHUG RS JURQGSODDW YDQ HHQ VHJPHQW YDQ HHQ SLMSEHHQ ZDDUELM ]HHU GXLGHOLMN GH VWXFWXXU HQ RQGHUGHOHQ YDQ FRPSDFW ERW ]LMQ WH KHUNHQQHQ :HHUJHJHYHQ ]LMQ RQGHU DQGHUH Â&#x2021; %HHQYOLHV Â&#x2021; %XLWHQVWH EHHQODPHOOHQ Â&#x2021; %HHQEDONMHV YDQ +DYHUV PHW EORHGYDWHQ HQ ODPHOOHQ Â&#x2021; .DQDOHQ YDQ +DYHUV PHW EORHGYDWHQ HQ ODPHOOHQ 2PYDQJ HQ JHZLFKW Â&#x2021; $IPHWLQJHQ [ [ PP Â&#x2021; 0DVVD NJ
%RXZ YDQ KHW ERW 6RPVR 46
¼
:HUYHONRORPYHUJHOLMNLQJ +HW PRGHO YHUJHOLMNW GH ZHUYHONRORPPHQ YDQ PHQV HQ ]RRJGLHU UHFKWRSORSHQG *HPRQWHHUG RS JURQGSODDW 2PYDQJ Â&#x2021; +RRJWH PP
:HUYHONRORPYHUJHOLMNLQJ
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
(92/87,(/((5
(92/87,(/((5 $XVWUDORSLWKHFXV ERLVHL VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH QDDU YRQGVWHQ XLW GH 2OGXYDL NORRI LQ 7DQ]DQLD LQ 'H RQGHUNDDN LV JHUHFRQVWUXHHUG DDQ GH KDQG YDQ HHQ RULJLQHHO XLW 3HQLQM 7DQ]DQLD LQ Â&#x2021; 'DWHULQJ LV FLUFD UHVS PLOMRHQ MDDU RXG ,Q WZHH GHOHQ XLWQHHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
$XVWUDORSLWKHFXV ERLVHL VFKHGHO UHSOLFD 6RPVR 6
¼
+RPR HUHFWXV PRGMRNHUWHQVLV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH DDQ GH KDQG YDQ YRQGVWHQ XLW 6DQJLUDQ -DYD LQ HQ Â&#x2021; 'DWHULQJ LV FLUFD PLOMRHQ MDDU RXG ,Q WZHH GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
+RPR HUHFWXV PRGMRNHUWHQVLV VFKHGHO UHSOLFD 6RPVR 6 ¼
+RPR KDELOLV VFKHGHO UHSOLFD 6RPVR 6 5HFRQVWUXFWLH QDDU YRQGVWHQ LQ GH 2OGXYDL NORRI LQ 7DQ]DQLD LQ Â&#x2021; 'DWHULQJ LV FLUFD PLOMRHQ MDDU RXG ,Q WZHH GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
+RPR KDELOLV VFKHGHO UHSOLFD 6RPVR 6
¼
+RPR VDSLHQV QHDQGHUWKDOHQVLV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH DDQ GH KDQG YDQ GH YRQGVWHQ XLW /D &KDSHOOH DX[ 6DLQWV HQ /H 0RXVWLHU )UDQNULMN EHLGH XLW Â&#x2021; 'DWHULQJ LV FLUFD MDDU RXG ,Q WZHH GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
+RPR VDSLHQV QHDQGHUWKDOHQVLV VFKHGHO UHSOLFD 6RPVR 6 ¼
+RPR VDSLHQV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH YDQ HHQ IRVVLHOH VFKHGHO YDQ +RPR 6DSLHQV QDDU YRQGVWHQ ELM 3UHGPRVW LQ 7VMHFKLs WXVVHQ HQ Â&#x2021; 'DWHULQJ LV FLUFD MDDU RXG ,Q WZHH GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
+RPR VDSLHQV VFKHGHO UHSOLFD 6RPVR 6
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
(92/87,(/((5
0(16.81'(
+22)'678.
3URFRQVXO DIULFDQXV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH YDQ HHQ VFKHGHO QDDU YRQGVWHQ RS 5XVLQJD ,VODQG .HQ\D LQ Â&#x2021; 'DWHULQJ LV FLUFD PLOMRHQ MDDU RXG ,Q GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
3URFRQVXO DIULFDQXV VFKHGHO UHSOLFD 6RPVR 6
¼
$XVWUDORSLWKHFXV DIULFDQXV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQWUXFWLH DDQ GH KDQG YDQ PHHUGHUH YRQGVWHQ ELM 6WHUNIRQWHLQ 7UDQVYDDO LQ Â&#x2021; 'DWHULQJ LV FLUFD PLOMRHQ MDDU RXG ,Q WZHH GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
$XVWUDORSLWKHFXV DIULFDQXV VFKHGHO UHSOLFD 6RPVR 6
¼
6FKHGHO 5XGROIHQVLV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH DDQ GH KDQG YDQ GH YRQGVWHQ XLW .RREL )RUD .HQLD HQ 8UDKD 0DODZL Â&#x2021; 'DWHULQJ LV FLUFD FD PLOMRHQ MDDU RXG YRRU .RREL HQ FLUFD FD PLOMRHQ MDDU RXG YRRU 8UDKD ,Q WZHH GHOHQ XLWQHHPEDDU *HZLFKW Â&#x2021; 0DVVD NJ
6FKHGHO 5XGROIHQVLV VFKHGHO UHSOLFD 6RPVR 6
¼
+RPR VDSLHQV 6WHLQKHLPHQVLV VFKHGHO UHSOLFD 6RPVR 6 6FKHGHOUHFRQVWUXFWLH DDQ GH KDQG GH YRQGVW XLW ELM 6WHQKHLP DDQ GH 0XUU Â&#x2021; 'DWHULQJ LV FLUFD MDDU RXG *HZLFKW Â&#x2021; 0DVVD NJ
+RPR VDSLHQV 6WHLQKHLPHQVLV VFKHGHO UHSOLFD 6RPVR 6 ¼
2QGHUNDDNUHFRQVWUXFWLH 6RPVR 6 5HFRQVWUXFWLH YDQ GH RQGHUNDDN YDQ +RPR (UHFWXV +HLGHOEHUJHQVLV 1DDU YRQGVW XLW ELM +HLGHOEHUJ Â&#x2021; 'DWHULQJ LV FLUFD MDDU RXG *HZLFKW Â&#x2021; 0DVVD NJ
2QGHUNDDNUHFRQVWUXFWLH 6RPVR 6
¼
$UFKDHRSWHU\[ UHSOLFD 5HSOLFD YDQ HHQ IRVVLHOH DIGUXN YDQ HHQ RHUYRJHO 2PYDQJ Â&#x2021; $IPHWLQJHQ [ PP
$UFKDHRSWHU\[ UHSOLFD
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0(16.81'(
(92/87,(/((5
%UXJKDJHGLV VSKHQRGRQ
+HW PRGHO WRRQW HHQ EUXJKDJHGLV XLW 1LHXZ =HHODQG GLH GDDU UXLP PLOMRHQ MDDU JHOHGHQ RRN DO LQ YULMZHO GH]HOIGH YRUP YRRUNZDP 2PYDQJ Â&#x2021; /HQJWH FLUFD PP
%UXJKDJHGLV VSKHQRGRQ
¼
9LVKDJHGLV UHSOLFD 2PYDQJ Â&#x2021; $IPHWLQJHQ [ PP
9LVKDJHGLV UHSOLFD
¼
)RVVLHOHQYHU]DPHOLQJ &ROOHFWLH YDQ YHUVFKLOOHQGH UHSOLFD¶V YHUYDDUGLJG DDQ GH KDQG YDQ JHVHOHFWHHUGH IRVVLHOHQ 'H FROOHFWLH RPYDW Â&#x2021; +DDLHQWDQG Â&#x2021; 7ULORELHW Â&#x2021; 9DUHQEODG Â&#x2021; %UDQFKLRSRGH Â&#x2021; %ODVWRLGH Â&#x2021; =HHOHOLH Â&#x2021; .RUDDO Â&#x2021; 6SRQV Â&#x2021; =HH HJHO Â&#x2021; =HHVWHU Â&#x2021; %HOHPQLHW Â&#x2021; $PPRQLHW Â&#x2021; 3ODQWHQVWHQJHO Â&#x2021; /RQFKRSWHULV Â&#x2021; 6FKHOSHQ Â&#x2021; .RUDOHQ Â&#x2021; 5XJZHUYHOV YDQ HHQ LFKW\RVDXUXV ,Q HHQ KRXWHQ RSEHUJNDVW PHW YDNLQGHOLQJ
)RVVLHOHQYHU]DPHOLQJ VWXNV
¼
,FKWK\RVWHJD UHFRQVWUXFWLH 'H ,FKWK\RVWHJD OHHIGH FLUFD PLOMRHQ MDDU JHOHGHQ LQ KHW JHELHG YDQ KHW KXLGLJH *URHQODQG +RHZHO GH VRRUW QLHW DOV GH ³PLVVLQJ OLQN´ WXVVHQ YLV HQ DP¿ELH EH VFKRXZG PDJ ZRUGHQ EHYDW KHW VNHOHW ZHO NHQPHUNHQ YDQ ]RZHO YLV DOV DP¿ELH HQ GDDURP GLHQW GH ,FKWK\RVWHJD YDDN DOV YRRUEHHOG (HQ RYHUKHDGWUDQVSDUDQW YDQ KHW VNHOHW ZRUGW PHW KHW PRGHO PHHJHOHYHUG 2PYDQJ Â&#x2021; $IPHWLQJHQ FLUFD PP
,FKWK\RVWHJD UHFRQVWUXFWLH
$UFKDHRSWHU\[ UHFRQVWUXFWLH +HW PRGHO WRRQW GH DUFKDHRSWHU\[ ]RDOV GH]H HU RQJHYHHU XLW PRHW KHEEHQ JH]LHQ 'DW GH]H RHUYRJHO HHQ RYHUJDQJVYRUP WXVVHQ UHSWLHO HQ YRJHO LV JHZHHVW LV QRJ GXLGHOLMN WH ]LHQ DDQ KHW JHELW HQ GH VWDDUW 2PYDQJ Â&#x2021; $IPHWLQJHQ FLUFD [ PP
$UFKDHRSWHU\[ UHFRQVWUXFWLH
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
(92/87,(/((5
0(16.81'(
+22)'678.
9HUJHOLMNLQJ YDQ HPEU\R¶V 2QEUHHNEDUH QDPDDNPRGHOOHQ YDQ YURHJH HPEU\R¶V YDQ YLVVHQ DP¿ELHsQ UHS WLHOHQ YRJHOV HQ GH PHQV 7ZHH ULMHQ LQ HHQ NDVW YDQ [ FP RQGHU JODV 'H ERYHQVWH ULM WRRQW GH RSPHUNHOLMNH JHOLMNHQLV WXVVHQ GH HPEU\R¶V 'H RQGHUVWH ULM ODDW GH RSYDOOHQGH GLIIHUHQWLsULQJ LQ GH YHUVFKLOOHQGH JURHSHQ ]LHQ
9HUJHOLMNLQJ YDQ HPEU\R¶V
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
2HIHQPDWHULDDO
2HIHQPDWHULDDO
2()(10$7(5,$$/
2()(10$7(5,$$/
+22)'678.
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Â&#x2021; 'DJHOLMNVH OLFKDDPVYHU]RUJLQJ Â&#x2021; 9HUEHGGHQ YDQ GH SDWLsQW Â&#x2021; 9RRUNRPHQ YDQ GRRUOLJJLQJ Â&#x2021; 2PJDQJ PHW DDQJHWDVWH OHGHPDWHQ Â&#x2021; $DQEUHQJHQ YDQ HHQ UHFWDDO NDWKHWHU Â&#x2021; $DQEUHQJHQ YDQ HHQ JO\FHULQHVSXLW Â&#x2021; .DWKHWHULVHUHQ YDQ GH XULQHEODDV Â&#x2021; $DQEUHQJHQ YDQ ]ZDFKWHOV HQ YHUEDQGHQ Â&#x2021; %HDGHPLQJ Â&#x2021; ,QKDOHUHQ HQ ]XXUVWRIWRHGLHQLQJ Â&#x2021; 7UDQVQDVDOH HQ WUDFKHDOH DI]XLJLQJ Â&#x2021; ,QMHFWLHV LQIXVLHV WUDQVIXVLHV Â&#x2021; 0DDJ EODDVVSRHOLQJ Â&#x2021; 'DUPVSRHOLQJ DQXV SUDHWHU Â&#x2021; 2RJVSRHOLQJ LQEUHQJHQ YDQ PHGLFDPHQWHQ Â&#x2021; 2RUVSRHOLQJ LQEUHQJHQ YDQ PHGLFDPHQWHQ Â&#x2021; *HELWVYHU]RUJLQJ %LM GH SRS ZRUGW HHQ 1HGHUODQGVWDOLJ LQVWUXFWLHERHNMH PHW IRWR¶V JHOHYHUG DOVPHGH HHQ VHW RQGHUKRXGVPLGGHOHQ YRRU GH SRS ,Q YHUEDQG PHW GH OHQJWH YDQ GH SRS ZRUGW GH]H GHHOV JHGHPRQWHHUG JHOHYHUG 'H PRQWDJH WRW HHQ JHEUXLNVNODUH SRS YUDDJW VOHFKWV HQNHOH PLQXWHQ 2PYDQJ HQ JHZLFKW Â&#x2021; /HQJWH PP Â&#x2021; 0DVVD NJ
2HIHQSRS &/$
¼
2HIHQSRS &/$ 'H]H SRS NRPW RYHUHHQ PHW KHW PRGHO &/$ GRFK WRW GH OHYHULQJ EHKRRUW HHQ H[WUD PDQQHOLMN JHVODFKWVRUJDDQ PHW HHQ XULQHEODDV PHW HHQ LQKRXG YDQ OLWHU %RYHQGLHQ ]LMQ GH ORQJHQ YDQ GH]H SRS DIVOXLWEDDU 2PYDQJ HQ JHZLFKW Â&#x2021; /HQJWH PP Â&#x2021; 0DVVD NJ
2HIHQSRS &/$
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
2()(10$7(5,$$/
2()(10$7(5,$$/
2HIHQSRS &/$ 'H]H SRS LV YRRU ZDW EHWUHIW PDWHULDDO HQ YRUPJHYLQJ JHOLMN DDQ GH SRSSHQ HQ PDDU GH QDGUXN OLJW ELM GH]H SRS PLQGHU RS KHW YHUULFKWHQ YDQ PHGLVFKH KDQ GHOLQJHQ HQ HHQ DDQWDO LQZHQGLJH RUJDQHQ LV GDDURP ZHJJHODWHQ 8LWHUDDUG LV KHW PRJHOLMN GH SRS LQ HHQ ODWHU VWDGLXP RS WH ZDDUGHUHQ WRW ppQ YDQ GH DQGHUH W\SHQ 'H YROJHQGH GHOHQ ]LMQ XLWQHHPEDDU DDQZH]LJ Â&#x2021; +RRIG Â&#x2021; $UPHQ Â&#x2021; %HQHQ Â&#x2021; 2JHQ Â&#x2021; *HELW Â&#x2021; 9RRUZDQG YDQ GH ERUVWNDV Â&#x2021; %XLNZDQG Â&#x2021; 9URXZHOLMN JHVODFKWVRUJDDQ 2RN GH LQMHFWLHNXVVHQWMHV ]LMQ DDQJHEUDFKW DOOHHQ RQWEUHNHQ LQ GH RQGHUDUPNXVVHQ WMHV GH NXQVWDGHUHQ 2PYDQJ HQ JHZLFKW Â&#x2021; /HQJWH PP Â&#x2021; 0DVVD NJ
2HIHQSRS &/$
¼
2HIHQSRS YROZDVVHQHQ (HQ XQLHNH RHIHQSRS RP GHPRQVWUDWLHV PHH WH JHYHQ HQ RP RS WH RHIHQHQ 'LW PRGHO LV JHVFKLNW YRRU Â&#x2021; 2HIHQLQJHQ W E Y K\JLsQH HQ PRQGYHU]RUJLQJ JHGHHOWHOLMN XLWQHHPEDUH PRQGSUR WKHVH
Â&#x2021; 1DDU EHG EUHQJHQ HQ EHZHJHQ Â&#x2021; 9HUEDQG DDQOHJJHQ LQFO YHUELQGHQ YDQ VWRPSHQ
Â&#x2021; 6SRHOLQJHQ RJHQ RUHQ QHXV PDDJ GDUPHQ HQ EODDV
Â&#x2021; ,QMHFWLHV LQWUDPXVFXODLU HQ VXEFXWDDQ
Â&#x2021; 0DDJVSRHOLQJHQ HQ YRHGHQ G P Y VRQGHV Â&#x2021; 7RHGLHQHQ YDQ ]XXUVWRI Â&#x2021; 9HU]RUJLQJ YDQ WUDFKHRWRPLH RSHQLQJHQ ZDVVHQ HQ DI]XLJHQ
Â&#x2021; .DWKHWHULVDWLH ELM PDQQHQ HQ YURXZHQ Â&#x2021; 6WRPD YHU]RUJLQJ DQXV SUDHWHU QDWXUDOLV
Â&#x2021; +HW JHYHQ YDQ NO\VPD¶V 'H]H PHHVW JHEUXLNWH RHIHQSRS WLMGHQV RSOHLGLQJHQ ELHGW X HHQ JURRW DDQWDO RHIH QLQJVPRJHOLMNKHGHQ 'H QHN HYHQDOV DOOH DUP HQ EHHQJHZULFKWHQ ODWHQ ]LFK LQ HONH QDWXXUOLMNH SRVLWLH EHZHJHQ (HQ Ã&#x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Â&#x2021; /HQJWH PP Â&#x2021; 0DVVD NJ 3
2HIHQSRS YROZDVVHQHQ
¼ 3
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
2()(10$7(5,$$/
2()(10$7(5,$$/
+22)'678.
2HIHQSRS EDE\ 'H]H XQLHNH ³SDVJHERUHQ´ EDE\SRS ]RZHO PDQQHOLMN DOV YURXZHOLMN KHHIW GH YRO JHQGH HLJHQVFKDSSHQ Â&#x2021; 2UJDQHQ KDUW ORQJHQ GDUPHQ PDDJ HQ EODDV Â&#x2021; $IQHHPEDUH EXLNZDQG Â&#x2021; 8LWZLVVHOEDUH JHVODFKWVGHOHQ Â&#x2021; =DFKWH RUHQ Â&#x2021; +RRIG DUPHQ HQ EHQHQ ]LMQ EHZHHJEDDU =RZHO JHVFKLNW YRRU GH EDVLVYHUSOHJLQJ DOV RRN YRRU VSHFLDOH RHIHQLQJHQ LQ GH NLQGHUYHUSOHJLQJ Â&#x2021; $DQEUHQJHQ HQ YHU]RUJHQ YDQ GH WUDFKHXV Â&#x2021; &DQXOH PDQQHOLMNH HQ YURXZHOLMNH NDWKHWHULVDWLH Â&#x2021; =HWWHQ YDQ HHQ NO\VPD Â&#x2021; ,QMHFWHUHQ ]RZHO LQWUDPXVFXODLU DOV RQGHUKXLGV Â&#x2021; 3ODDWVHQ YDQ HHQ VRQGH LQ PRQG HQ QHXV Â&#x2021; )RQWDQHO HQ WHHOEDO ]LMQ YRHOEDDU /HYHULQJ LQFOXVLHI Â&#x2021; ,QMHFWLHVSXLW Â&#x2021; $I]XLJNDWKHWHU Â&#x2021; 6RQGH Â&#x2021; %ODDVNDWKHWHU Â&#x2021; 8ULQH]DN Â&#x2021; *OLMPLGGHO YRRU NDWKHWHU Â&#x2021; 'UDDJ]DN 2PYDQJ HQ JHZLFKW Â&#x2021; /HQJWH PP Â&#x2021; *HZLFKW NJ 3
2HIHQSRS EDE\
¼
3
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¼ :
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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¼ 9*
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
$$5'(
0,/,(8 9(/':(5. :((5 (1 $$5'(
+22)'678.
7HUUHLQYRUPHQ 0HW GH VHW NXQQHQ GH JHRORJLVFKH NUDFKWHQ GLH GH DDUGH KHEEHQ JHYRUPG ZRUGHQ QDJHERRWVW 0HW GH PHHU GDQ SURHYHQ GLH ELM GH]H NLW ]LMQ LQEHJUHSHQ YHUNULMJHQ GH OHHUOLQJHQ NHQQLV RYHU R D YXONDQLVFKH DFWLYLWHLW EUHXNHQ HQ SORRLHQ /HYHULQJ LQFOXVLHI (QJHOVWDOLJH KDQGOHLGLQJ
7HUUHLQYRUPHQ
¼
9XONDDQ 0RGHO GZDUVGRRUVQHGH YDQ HHQ YXONDDQ Â&#x2021; $IPHWLQJHQ [ [ PP %'
9XONDDQ
¼
%'
:DQGSODDW YDQ GH DDUGH (HQ ' UHOLsI ZDQGSODDW YDQ GH DDUGH FRPSOHHW PHW ODQGHQ VWHGHQ HQ RFHDQHQ Â&#x2021; $IPHWLQJHQ [ PP
:DQGSODDW YDQ GH DDUGH
¼
:DQGSODDW (XURSD (HQ ' UHOLsI ZDQGSODDW YDQ (XURSD FRPSOHHW PHW ODQGHQ VWHGHQ HQ RFHDQHQ Â&#x2021; $IPHWLQJHQ [ PP
:DQGSODDW (XURSD
¼
:DQGSODDW RFHDDQERGHP QLHW RPOLMVW
(HQ ZDQGSODDW YDQ GH DDUGH FRPSOHHW PHW FRQWLQHQWHQ HQ RFHDDQERGHP Â&#x2021; $IPHWLQJHQ [ PP
:DQGSODDW RFHDDQERGHP QLHW RPOLMVW
¼
.LW $DUGH =RQ HQ 0DDQ 'H NLW EHKDQGHOW GH YROJHQGH LWHPV Â&#x2021; 9HUKRXGLQJ YDQ DIPHWLQJ DDUGH Â&#x2021; =RQ HQ PDDQ Â&#x2021; %HZHHJW GH ]RQ Â&#x2021; 'DJ HQ QDFKW Â&#x2021; =RQVRSJDQJ HQ RQGHUJDQJ Â&#x2021; 'H VHL]RHQHQ Â&#x2021; 6WDQGHQ YDQ GH PDDQ /HYHULQJ PHW 1HGHUODQGVH KDQGOHLGLQJ
.LW DDUGH ]RQ HQ PDDQ
¼
2UELWHU YHUOLFKW
9LD HHQ KDQGPDWLJ DDQGULMYLQJ GUDDLHQ GH ]RQ GH DDUGH HQ GH PDDQ RP HONDDU KHHQ 'LW PRGHO JHHIW LQ]LFKW LQ GDJOLFKW QDFKW VHL]RHQHQ HQ GH PDDQVWDQGHQ /HYHULQJ LV LQFOXVLHI (QJHOVWDOLJH KDQGOHLGLQJ Â&#x2021; $IPHWLQJ DUP PP Â&#x2021; 'LDPHWHU ]RQ PP Â&#x2021; $DQVOXLWZDDUGH 9 RRN YHUNULMJEDDU LQ HHQ 9 YHUVLH
2UELWHU YHUOLFKW
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
0,/,(8 9(/':(5. :((5 (1 $$5'(
$$5'(
6WHUUHQKHPHO +HW PRGHO JHHIW LQ]LFKW RYHU GH DDUGH LQ GH UXLPWH +HW WRRQW VWHUUHQEHHOGHQ HQ DQGHUH NRVPLVFKH YHUVFKLMQVHOHQ LQ ' IRUPDDW +HW PRGHO NDQ ]RGDQLJ ZRUGHQ LQJHVWHOG GDW VWHUUHQEHHOGHQ FRUUHVSRQGHUHQ PHW GH GDWXP /HYHULQJ LV LQFOXVLHI (QJHOVWDOLJH KDQGOHLGLQJ Â&#x2021; 'LDPHWHU PP
6WHUUHQKHPHO
¼
0LQHUDOHQ VHW 6HW YDQ PLQHUDOHQ $DQ GH KDQG YDQ KHW REVHUYHUHQ HQ KHW WHVWHQ YDQ KXQ I\VLVFKH HLJHQVFKDSSHQ ZRUGHQ GH PLQHUDOHQ JHwQGHQWL¿FHHUG /HYHULQJ LV LQFOXVLHI (QJHOVWDOLJH KDQGOHLGLQJ YHUJURRWJODV HQ VSLMNHU
0LQHUDOHQ VHW
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
$$5'(
0,/,(8 9(/':(5. :((5 (1 $$5'(
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+XOSPLGGHOHQ
*ODV NXQVWVWRI HQ SRUVHOHLQ 6WDWLHI PDWHULDDO +XOSPLGGHOHQ DOIDEHWLVFK $ W P = /DERUDWRULXP WRHVWHOOHQ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
*/$6 .8167672) (1 3256(/(,1 %(.(5*/$=(1 %HNHUJODV GXUDQ %HNHUJODV ',1 ,62 0HW WXLW HQ PDDWYHUGHOLQJ 0DWHULDDO
0RGHO
9ROXPH
¼
'XUDQ
'XUDQ
/DDJ
PO
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
/DDJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
'XUDQ
+RRJ
PO
%HNHUJODV ERUR %HNHUJODV ERURVLOLFDDWJODV ,62 ',1 0HW WXLW HQ PDDWYHUGHOLQJ 0DWHULDDO
0RGHO
9ROXPH
¼
%RUR
%RUR
/DDJ
PO
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
/DDJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
%RUR
+RRJ
PO
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
%HNHU SRO\SURS\OHHQ SS
%HNHU SRO\SURS\OHHQ 33 WUDQVSDUDQW PHW WXLW HQ PDDWYHUGHOLQJ EODXZ 0DWHULDDO
0RGHO
9ROXPH
¼
33
33
/DDJ
PO
/DDJ
PO
33
/DDJ
PO
33
/DDJ
PO
33
/DDJ
PO
33
/DDJ
PO
33
/DDJ
PO
%HNHU SRO\PHWK\OSHQWHHQ SPS
%HNHU SRO\PHWK\OSHQWHHQ 303 73; WUDQVSDUDQW ',1 0HW WXLW HQ PDDWYHUGH OLQJ URRG 0DWHULDDO
0RGHO
303
+RRJ
9ROXPH
¼
PO
303
303
+RRJ
PO
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
303
+RRJ
PO
0DDWNDQ VDQ %HNHU 6$1 KHOGHU PHW KDQGYDW WXLW HQ PDDWYHUGHOLQJ 9ROXPH
¼
PO
PO
PO
PO
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
(5/(10(<(5.2/9(1 (UOHQPH\HUNROI GXUDQ (UOHQPH\HUNROI 'XUDQ ',1 ,62 0HW PDDWYHUGHOLQJ HQ RPJHOHJGH UDQG 0DWHULDDO
+DOV
9ROXPH
¼
'XUDQ
'XUDQ
1DXZ
PO
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
(UOHQPH\HUNROI ERUR (UOHQPH\HUNROI ERURVLOLFDDWJODV ,62 0HW PDDWYHUGHOLQJ HQ RPJHOHJGH UDQG 0DWHULDDO
+DOV
9ROXPH
¼
%RUR
%RUR
1DXZ
PO
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
(UOHQPH\HUNROI VE ERUR (UOHQPH\HU ERURVLOLFDDWJODV 0HW PDDWYHUGHOLQJ 0DWHULDDO
$DQVOXLWLQJ
9ROXPH
¼
%RUR
QDXZ
6%
PO
%RUR
1DXZ
6%
PO
%RUR
1DXZ
6%
PO
%RUR
:LMG
6%
PO
%RUR
:LMG
6%
PO
%RUR
:LMG
6%
PO
+DOV
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
(UOHQPH\HUNROI QV ERUR (UOHQPH\HUNROI ERURVLOLFDDWJODV 0HW QRUPDDOVOLMSVWXN HQ PDDWYHUGHOLQJ 0DWHULDDO
6OLMSVWXN
9ROXPH
¼
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
(UOHQPH\HUNROI JO ERUR (UOHQPH\HUNROI ERURVLOLFDDWJODV 0HW YHUGHOLQJ &RPSOHHW JHOHYHUG PHW VFKURHI GRS 0DWHULDDO
+DOV
6FKURHIGUDDG
9ROXPH
¼
%RUR
1DXZ
%RUR
1DXZ
*/
PO
*/
PO
(UOHQPH\HUNROI PO */ 'XUDQ (UOHQPH\HUNROI 'XUDQ YRRU KHW EHZDUHQ YDQ S+ HOHNWURGHQ 0HW PDDWYHUGHOLQJ 3DVVHQGH VFKURHIGRS ZRUGW JHOHYHUG ]RQGHU DIGLFKWULQJ Â&#x2021; 0DWHULDDO 'XUDQ Â&#x2021; +DOV 1DXZ Â&#x2021; 6FKURHIGUDDG */ Â&#x2021; 9ROXPH PO
(UOHQPH\HUNROI PO */ 'X
¼
$I]XLJNROI $I]XLJNROI YRRU]LHQ YDQ DI]XLJEXLV 0HW PDDWYHUGHOOLQJ 0DWHULDDO
+DOV
$DQVOXLWLQJ
9ROXPH
¼
'XUDQ
:LMG
16
PO
'XUDQ
:LMG
6%
PO
'XUDQ
:LMG
6%
PO
'XUDQ
:LMG
6%
PO
$I]XLJNROI ERUR 9RRU]LHQ YDQ DI]XLJEXLV 9ROXPH
+RRJWH
¼
PO
PP
PO
PP
PO
PP
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
.2/9(1 3ODWERGHPNROI GXUDQ 3ODWERGHPNROI 'XUDQ ',1 0HW RPJHOHJGH UDQG 0DWHULDDO
+DOV
9ROXPH
¼
'XUDQ
'XUDQ
1DXZ
PO
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
3ODWERGHPNROI ERUR 3ODWERGHPNROI ERURVLOLFDDWJODV ',1 0HW RPJHOHJGH UDQG 0DWHULDDO
+DOV
9ROXPH
¼
%RUR
%RUR
1DXZ
PO
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
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1DXZ
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
9ROXPH
¼
3ODWERGHPNROI QV ERUR 3ODWERGHPNROI ERURVLOLFDDWJODV 0HW QRUPDDOVOLMSVWXN 0DWHULDDO
6OLMSVWXN
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
5RQGERGHPNROI GXUDQ 5RQGERGHPNROI 'XUDQ ',1 ,62 0HW RSJHOHJGH UDQG 0DWHULDDO
+DOV
9ROXPH
¼
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
1DXZ
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
'XUDQ
:LMG
PO
5RQGERGHPNROI ERUR 5RQGERGHPNROI ERURVLOLFDDWJODV ',1 ,62 0HW RSJHOHJGH UDQG 0DWHULDDO
+DOV
9ROXPH
¼
%RUR
%RUR
1DXZ
PO
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
1DXZ
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
%RUR
:LMG
PO
5RQGERGHPNROI QV ERUR 5RQGERGHPNROI ERURVLOLFDDWJODV ',1 0DWHULDDO
6OLMSVWXN
9ROXPH
¼
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
%RUR
16
PO
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
5RQGERGHPNROI VE ERUR 5RQGERGHPNROI ERURVLOLFDDWJODV ',1 0DWHULDDO
$DQVOXLWLQJ
9ROXPH
¼
%RUR
%RUR
6%
PO
6%
PO
%RUR
6%
PO
%RUR
6%
PO
.ROYHQVWDQGDDUG 9RRU KHW RS WDIHO SODDWVHQ YDQ URQGERGHPNROYHQ 8LWVWHNHQG EHVWDQG WHJHQ FKHPL FDOLsQ HQ WHPSHUDWXUHQ WRW & 'RRUVQHGH PP
.ROYHQVWDQGDDUG
¼
6XEHULHWULQJ URQGERGHPNROI .XUNHQ VWHXQULQJ YRRU URQGERGHPNROYHQ 0DDW
¼
PO NROI
PO NROI
PO NROI
5($*((5%8,=(1 5HDJHHUEXLV GXUDQ 5HDJHHUEXLV 'XUDQ ',1 ,62 %LM]RQGHU VWHUNH GLNZDQGLJH EXLV GLH ERYHQGLHQ JRHG EHVWDQG LV WHJHQ WHPSHUDWXXUZLVVHOLQJHQ 0HW RPJHOHJGH UDQG HQ URQGH ERGHP 0DWHULDDO
/HQJWH
:DQGGLNWH
$DQWDO
¼
'XUDQ
PP
PP
PP
'XUDQ
PP
PP
PP
'XUDQ
PP
PP
PP
'XUDQ
PP
PP
PP
'XUDQ
PP
PP
PP
'XUDQ
PP
PP
PP
$DQWDO
¼
5HDJHHUEXLV DU JODV 5HDJHHUEXLV $5 JODV 0HW UDQG HQ URQGH ERGHP 0DWHULDDO
/HQJWH
:DQGGLNWH
$5 JODV
PP
PP
PP
$5 JODV
PP
PP
PP
$5 JODV
PP
PP
PP
$5 JODV
PP
PP
PP
$5 JODV
PP
PP
PP
$5 JODV
PP
PP
PP
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
5HDJHHUEXLV ¿ROD[ OD[ 5HDJHHUEXLV )LROD[ ',1 ,62 'XQZDQGLJH UHDJHHUEXV PHW HHQ UH ODWLHI JRHGH EHVWHQGLJKHLG WHJHQ VQHOOH WHPSHUDWXXUZLVVHOLQJHQ HQ ORNDOH YHUKLWWLQJ 0HW RPJHOHJGH UDQG HQ URQGH ERGHP 0DWHULDDO
/HQJWH
:DQGGLNWH
$DQWDO
¼
)LROD[
PP
PP
PP
)LROD[
PP
PP
PP
)LROD[
PP
PP
PP
)LROD[
PP
PP
PP
)LROD[
PP
PP
PP
)LROD[
PP
PP
PP
5HDJHHUEXLV VXSUHPD[ 5HDJHHUEXLV 6XSUHPD[ %HVWHQGLJ WHJHQ ODQJGXULJH WHPSHUDWXUHQ WRW & 0HW RPJHOHJGH UDQG HQ URQGH ERGHP 0DWHULDDO
/HQJWH
$DQWDO
¼
6XSUHPD[
PP
6XSUHPD[
PP
PP
PP
5HDJHHUEXLV 5HDJHHUEXLV PHW RPJHOHJGH UDQG HQ URQGH ERGHP 0DWHULDDO
/HQJWH
$DQWDO
¼
$5 JODV
PP
PP
%RUR
PP
PP
+DUG JODV
PP
PP
5HDJHHUEXLV P YHUG VWRS 16 5HDJHHUEXLV PHW PDDWYHUGHOLQJ HQ VOLMSVWXN &RPSOHHW JHOHYHUG PHW 3( VWRS 6OLMSVWXN 16 9ROXPH PO $DQWDO
5HDJHHUEXLV P YHUG VWRS 16
¼
5HDJHHUEXLV [ PP 6% 5HDJHHUEXLV PHW 6% DDQVOXLWLQJ PP /HQJWH PP $DQVOXLWLQJ 6% $DQWDO VWXNV
5HDJHHUEXLV [ PP 6%
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
5HDJHHUEXLV PHW ROLYH 5HDJHHUEXLV PHW DDQ GH ]LMNDQW HHQ ROLYH
/HQJWH
$DQVOXLWLQJ
$DQWDO
¼
PP
PP
6%
PP
PP
6%
PP
PP
2PJHOHJGH UDQG
PP
PP
16
5HDJHHUEXLV [ PP 16 5HDJHHUEXLV PHW VOLMSVWXN HQ DDQ GH ]LMNDQW HHQ ROLYH PHW 16 NUDDQ 'RRUVQHGH PP /HQJWH PP 6OLMSVWXN 16 $DQWDO VWXNV
5HDJHHUEXLV [ PP 16
¼
&HQWULIXJHEXLV JODV &HQWULIXJHEXLV JODV ]RQGHU PDDWYHUGHOLQJ FRQLVFK 0DWHULDDO
9ROXPH
([WUD
$DQWDO
¼
*ODV
PO
6FKURHIEDDU
VWXNV
*ODV
PO
([WUD
VWXNV
&HQWULIXJHEXLV SRO\SURS\OHHQ &HQWULIXJHEXLV SRO\SURS\OHHQ 33 WUDQVSDUDQW FRQLVFK $XWRFODYHHUEDDU WRW & 0DWHULDDO
/HQJWH
0DDWYHUGHOLQJ
$DQWDO
¼
33
PP
PP
1HH
33
PP
PP
1HH
33
PP
PP
-D
33
PP
PP
-D
'RS FHQWULIXJHEXLV PP VWXNV 'RS SRO\HWK\OHHQ W E Y FHQWULIXJHEXLV 0DWHULDDO
3(
3(
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
$DQWDO
¼
PP
PP
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
&,/,1'(56 (1 %$..(1 &LOLQGHUJODV YODN JHVOHSHQ &LOLQGHUJODV ERURVLOLFDDWJODV PHW RSJHOHJGH UDQG HQ YODN JHVOHSHQ 0DWHULDDO
Â&#x2018;
+RRJWH
9ROXPH
¼
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
&LOLQGHUJODV UXZ JHVOHSHQ &LOLQGHUJODV ERURVLOLFDDWJODV PHW UXZ JHVOHSHQ UDQG 0DWHULDDO
Â&#x2018;
+RRJWH
9ROXPH
¼
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
% UXZH UDQG
PP
PP
PO
'HNSODDW 9RRU FLOLQGHUJODV DDQ ppQ ]LMGH JH]DQGVWUDDOG *DW
'RRUVQHGH
¼
PP
PP
*HHQ
PP
*HHQ
PP
*HHQ
PP
*HHQ
PP
*HHQ
PP
.ULVWDOOLVHHUVFKDDO .ULVWDOOLVHHUVFKDDO ERURVLOLFDDWJODV PHW WXLW 0DWHULDDO
Â&#x2018;
+RRJWH
9ROXPH
¼
%RUR
PP
%RUR
PP
PP
PO
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
.ULVWDOOLVHHUVFKDDO ERUR .ULVWDOOLVHHUVFKDDO ERURVLOLFDDWJODV ]RQGHU WXLW 0DWHULDDO
Â&#x2018;
+RRJWH
9ROXPH
¼
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
9ROXPH
¼
,QGDPSVFKDDO ,QGDPSVFKDDO ERURVLOLFDDWJODV 0DWHULDDO
Â&#x2018;
+RRJWH
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
%RUR
PP
PP
PO
3HWULVFKDDO JODV 3HWULVFKDDO JODV PHW GHNVHO 0DWHULDDO
Â&#x2018;
+RRJWH
¼
*ODV
*ODV
PP
PP
PP
PP
*ODV
PP
PP
*ODV
PP
PP
*ODV
PP
PP
3HWULVFKDDO PHHUYDNV JODV 3HWULVFKDDO JODV PHW GHNVHO 0DWHULDDO
Â&#x2018;
+RRJWH
9DNNHQ
¼
*ODV
PP
*ODV
PP
PP
PP
*ODV
PP
PP
3HWULVFKDDO VWHULHO NXQVWVWRI 3HWULVFKDDO NXQVWVWRI PHW GHNVHO VWHULHO YHUSDNW Â&#x2018;
5DVWHU
9DNNHQ
$DQWDO
¼
PP
PP
-D
PP
PP
1HH
PP
PP
1HH
PP
PP
1HH
+RRJWH
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
+RUORJHJODV ERUR +RUORJHJODV ERURVLOLFDDWJODV PHW JHVOHSHQ UDQGHQ 0DWHULDDO
'RRUVQHGH
¼
%RUR
PP
%RUR
PP
%RUR
PP
%RUR
PP
%RUR
PP
%RUR
PP
%RUR
PP
$TXDULXP ERUR $TXDULXP ERURVLOLFDDWJODV UHFKWKRHNLJ PHW DIJHZHUNWH UDQGHQ 0DWHULDDO
$IPHWLQJHQ
9ROXPH
¼
%RUR
%RUR
[ [ PP
O
[ [ PP
O
%RUR
[ [ PP
O
%RUR
[ [ PP
O
%RUR
[ [ PP
O
%DN [ [ PP NXQVWVWRI Â&#x2021; 0DWHULDDO .XQVWVWRI Â&#x2021; $IPHWLQJHQ [ [ P Â&#x2021; 9ROXPH O
%DN [ [ PP NXQVW
¼
$TXDULXP JODV *OD]HQ DTXDULXP $IPHWLQJHQ
*ODVGLNWH
9ROXPH
¼
[ [ PP
PP
O
[ [ PP
PP
O
[ [ PP
PP
O
[ [ PP
PP
O
[ [ PP
PP
O
*ODVSODDW 7HQ EHKRHYH YDQ DTXDULXP $IPHWLQJHQ
¼
[ PP
[ PP
[ PP
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
&XYHW *HVFKLNW YRRU KHW PHWHQ YDQ DEVRUSWLH HQ GLFKWKHLG DOVPHGH GH SURMHFWLH YDQ HHQ OLFKWVWUDDO LQ YORHLVWRI +HW JODV LV DDQ EHLGH ]LMGHQ JHVOHSHQ HQ JHSROLMVW NZDOLWHLW VSLHJHOJODV %HVWDQG WHJHQ DOOH YORHLVWRIIHQ EHKDOYH ]XUHQ GLH RS JODV LQZHUNHQ $IPHWLQJHQ K [ E [ G
:DQGGLNWH
¼
[ [ PP
PP
[ [ PP
PP
[ [ PP
PP
[ [ PP
PP
&XYHW &XYHW [ PP 0DWHULDDO
0HHWGLNWH
$DQWDO
¼
2SWLVFK JODV
NZDUWVJODV
PP
PP
3RO\VW\URO
PP
&XYHW NXQVWVWRI *HVFKLNW YRRU GH PHHVWH SRODLUH RSORVPLGGHOHQ ]XUHQ HQ ORJHQ $DQWDO VWXNV 9RUP 5HFKWKRHNLJ 9ROXPH PO
&XYHW NXQVWVWRI
¼
&XYHW RSWLVFK JODV $DQWDO VWXNV 9RUP 5RQG 0HHWGLNWH PP +RRJWH PP
&XYHW RSWLVFK JODV
¼
&XYHWWHQVWDQGDDUG *HQXPPHUGH SODDWVHQ 0DWHULDDO 3RO\SURS\OHHQ $DQWDO SODDWVHQ
&XYHWWHQVWDQGDDUG
¼
%DN NXQVWVWRI %DN VODJYDVW ZLW NXQVWVWRI ]XXUEHVWHQGLJ HQ KLWWHEHVWHQGLJ WRW & 0HW ERGHPULO OHQ HQ XLWORRS 0DWHULDDO
$IPHWLQJHQ
¼
.XQVWVWRI
[ PP
.XQVWVWRI
[ PP
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
%DN SRO\SURS\OHHQ %DN SRO\SURS\OHHQ LQ KRJH PDWH EHVWHQGLJ WHJHQ ]XUHQ HQ ORJHQ +LWWHEHVWHQGLJ WRW & 0DWHULDDO
$IPHWLQJHQ
¼
33
[ [ PP
33
[ [ PP
33
[ [ PP
33
[ [ PP
2SEHUJEDN 6WDELHOH NXQVWVWRI EDN PDWHULDDOGLNWH PP YRRU KHW RSEHUJHQ YDQ KXOSPLGGHOHQ SUDFWLFXP LQVWUXPHQWHQ HQ] $IPHWLQJHQ
7XVVHQZDQG
¼
[ [ PP
[ [ PP
[ [ PP
[ [ PP
7XVVHQZDQG 7HQ EHKRHYH YDQ RSEHUJODGH %UHHGWH
¼
PP
PP
PP
PP
6FKXLÀDGH 9RRU KHW RSEHUJHQ YDQ DSSDUDWXXU HQ SUDFWLFXPPDWHULDOHQ 7RHOLFKWLQJ
¼
$IP [ [ PP
$IP [ [ PP
7XVVHQZDQG YRRU VWXNV
7XVVHQZDQG YRRU VWXNV
)OHVVHQSODWHDX 3ODWHDX YDQ NXQVWVWRI YRRU SRO\HWK\OHHQ ÀHVVHQ PO QU HQ SRO\HWK\ OHHQ ÀHVVHQ PO QU 2RN JHVFKLNW YRRU KHW SODDWVHQ YDQ EHNHUJOD]HQ PO HQ PO
)OHVVHQSODWHDX
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
2SEHUJSODWHDX 2SEHUJSODWHDX WH JHEUXLNHQ LQ FRPELQDWLH PHW GH RSEHUJEDNNHQ W P $IPHWLQJHQ
¼
[ [ PP
[ [ PP
[ [ PP
2SEHUJEDN 2SEHUJEDN WH JHEUXLNHQ LQ FRPELQDWLH PHW GH RSEHUJSODWHDX¶V W P $DQWDO
5(
$IPHWLQJHQ
¼
[
[ [ PP
[
[ [ PP
[
[ [ PP
[
[ [ PP
[
[ [ PP
0HQJNRP PO Â&#x2021; 9ROXPH PO
0HQJNRP PO
¼
%HNHU PO NDUWRQ Â&#x2021; $DQWDO VWXNV Â&#x2021; 9ROXPH PO
%HNHU PO NDUWRQ
¼
'HZDUYDW 9HU]LOYHUG PHW EHVFKHUPPDQWHO 'HZDUYDW PHW YODNNH ERGHP LV JHVFKLNW YRRU H[SH ULPHQWHQ LQ FRPELQDWLH PHW HHQ PDJQHHWURHUGHU 0DVVD EHGUDDJW NJ 'RRUVQHGH
+RRJWH
%RGHP
9ROXPH
¼
PP
PP
PP
PP
9ODN
PO
PO
([VLFFDWRU '1 'XUDQ 0HW NQRSGHNVHO Â&#x2021; 0DWHULDDO 'XUDQ Â&#x2021; +RRJWH PP
([VLFFDWRU '1 'XUDQ
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
([VLFFDWRUSODDW '1 SRUVHOHLQ *HVFKLNW YRRU H[VLFFDWRU
([VLFFDWRUSODDW '1 SRUV
¼
([VLFFDWRU ERUR ([FLFFDWRU ERURVLOLFDDWJODV PHW GHNVHO NXQVWVWRI NQRS HQ H[VLFFDWRUSODDW ([FOXVLHI NUDDQ 0DWHULDDO
'RRUVQHGH
¼
%RUR
PP
%RUR
PP
([VLFFDWRU YDFXXP ERUR ([VLFFDWRU YDFXXP ERURVLOLFDDWJODV &RPSOHHW PHW GHNVHO PHW VFKURHIGUDDGDDQ VOXLWLQJ NXQVWVWRI VFKURHIGRS PHW JDW DIGLFKWULQJ 16 NUDDQ PHW ROLYH HQ H[VLFFDWRU SODDW PHW JDWHQ 0DWHULDDO
'RRUVQHGH
%RUR
PP
%RUR
PP
%RUR
PP
2SPHUNLQJ
¼
39& EH VFKHUPODDJ Y LPSORVLHJH YDDU
.URHV SRUVHOHLQ .URHV SRUVHOHLQ ,62 ',1 0RGHO
Â&#x2018;
+RRJWH
9ROXPH
¼
/DDJ
PP
PP
PO
/DDJ
PP
PP
PO
/DDJ
PP
PP
PO
0LGGHO
PP
PP
PO
0LGGHO
PP
PP
PO
/DDJ
PP
PP
PO
+RRJ
PP
PP
PO
+RRJ
PP
PP
PO
+RRJ
PP
PP
PO
+RRJ
PP
PP
PO
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
'HNVHO SRUVHOHLQ 'HNVHO SRUVHOHLQ YRRU NURHV W P
'HNVHO
3DVVHQG
¼
PP
PP
'
'
PP
'
PP
'
PP
'
*RRFK NURHVMH PO 0HW JHSHUIRUHHUGH ERGHP *HVFKLNW YRRU YHUEUDQGLQJVNDORULPHWHU 'RRUVQHGH PP +RRJWH PP
*RRFK NURHVMH PO
¼
.URHV .URHV GHNVHO PHWDDO RI &KDPRWWH EHVWDQG WHJHQ WHPSHUDWXUHQ WRW & .URHV ZRUGW H[FOXVLHI GHNVHO JHOHYHUG
+RRJWH
PP
PP
PP
+RRJWH
PP
PP
PP
+RRJWH
PP
PP
PP
+RRJWH
PP
PP
PP
PP
PP
+RRJWH
7RHOLFKWLQJ
¼
&KDPRWWH PO
'HNVHO W E Y
,-]HU PO
'HNVHO W E Y
6WDDO PO
'HNVHO W E Y
/RRG LQFO GHNVHO
1LNNHO PO
'HNVHO W E Y
,QGDPSVFKDDO SRUVHOHLQ ,QGDPSVFKDDO SRUVHOHLQ PHW WXLW 0RGHO
+RRJWH
9ROXPH
¼
'LHS
PP
'LHS
PP
PP
PO
PP
PO
'LHS
'LHS
PP
PP
PO
PP
PP
PO
'LHS
PP
PP
PO
+DOIGLHS
PP
PP
PO
+DOIGLHS
PP
PP
PO
+DOIGLHS
PP
PP
PO
+DOIGLHS
PP
PP
PO
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
,QGDPSVFKDDO Â&#x2018; PP PHWDDO 9ODN $OV ]DQGEDG WH JHEUXLNHQ Â&#x2021; 0DWHULDDO 0HWDDO Â&#x2021; 'RRUVQHGH PP
,QGDPSVFKDDO Â&#x2018; PP PHWDDO
¼
*ORHLVFKXLWMH SRUVHOHLQ 0HW RRJ QLHW JHJOD]XXUG Â&#x2021; 0DWHULDDO 3RUVHOHLQ Â&#x2021; $IPHWLQJHQ [ PP
*ORHLVFKXLWMH SRUVHOHLQ
¼
0DJQHVLXPULQJHQ HQ VWDDIMHV
2PVFKULMYLQJ
$DQWDO
¼
0DJQHVLXPVWDDIMHV
VWXNV
0DJQHVLXPULQJHQ
VWXNV
0RUWLHU HQ VWDPSHU SRUVHOHLQ 0RUWLHU HQ VWDPSHU YDQ SRUVHOHLQ 0RUWLHU PHW HHQ UXZ ZULMIYODN 6WDPSHU PHW HHQ UXZH NRS Â&#x2018;
+RRJWH
7RHOLFKWLQJ
¼
PP
PP
9ROXPH PO
PP
PP
9ROXPH PO
PP
6WDPSHU W E Y
PP
PP
PP
PP
PP
PP
PP PP PP
9ROXPH PO
6WDPSHU W E Y
9ROXPH PO
6WDPSHU W E Y
9ROXPH PO
6WDPSHU W E Y
'UXSSHOSODDW SRUVHOHLQ 3ODDW YDQ ZLW JHJOD]XXUG SRUVHOHLQ YRRU]LHQ YDQ XLWKROOLQJHQ 8LWKROOLQJHQ
Â&#x2018;
$IPHWLQJHQ
¼
PP
[ PP
PP
[ PP
3RUHX]H FLOLQGHU 9RRU KHW XLWYRHUHQ YDQ HOHNWURFKHPLVFKH H[SHULPHQWHQ LQ HHQ EHNHUJODV Â&#x2018;
+RRJWH
9ROXPH
¼
PP
PP
PP
PO
PP
PO
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
6WRSÃ&#x20AC;HV JODV SS QV VWRS 6WRSÃ&#x20AC;HV JODV FRPSOHHW PHW SRO\SURS\OHHQ 33 16 VWRS
+DOV
*ODV
6WRS
9ROXPH
¼
:LMG
+HOGHU
:LMG
+HOGHU
16
PO
16
PO
:LMG
+HOGHU
16
PO
:LMG
+HOGHU
16
PO
:LMG
+HOGHU
16
PO
:LMG
+HOGHU
16
PO
:LMG
%UXLQ
16
PO
:LMG
%UXLQ
16
PO
:LMG
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16
PO
:LMG
%UXLQ
16
PO
:LMG
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16
PO
:LMG
%UXLQ
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
%UXLQ
16
PO
1DXZ
%UXLQ
16
PO
1DXZ
%UXLQ
16
PO
1DXZ
%UXLQ
16
PO
1DXZ
%UXLQ
16
PO
9ROXPH
¼
)/(66(1
6WRSÃ&#x20AC;HV JODV QV VWRS 6WRSÃ&#x20AC;HV JODV FRPSOHHW PHW JOD]HQ 16 VWRS +DOV
*ODV
6WRS
:LMG
+HOGHU
16
PO
:LMG
+HOGHU
16
PO
:LMG
+HOGHU
16
PO
:LMG
%UXLQ
16
PO
:LMG
%UXLQ
16
PO
1DXZ
+HOGHU
16 VFKXLQ
PO
1DXZ
+HOGHU
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
+HOGHU
16
PO
1DXZ
%UXLQ
16
PO
1DXZ
%UXLQ
16
PO
1DXZ
%UXLQ
16
PO
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
6WRSÃ&#x20AC;HV SRO\SURS\OHHQ 6WRSÃ&#x20AC;HV SRO\SURS\OHHQ 33 ',1 WUDQVSDUDQW &RPSOHHW PHW 16 VWRS +DOV
6WRS
9ROXPH
¼
:LMG
:LMG
16
PO
16
PO
:LMG
16
PO
:LMG
16
PO
:LMG
16
PO
1DXZ
16
PO
1DXZ
16
PO
1DXZ
16
PO
1DXZ
16
PO
/DERUDWRULXPÃ&#x20AC;HV ERUR /DERUDWRULXPÃ&#x20AC;HV ERURVLOLFDDWJODV ,62 ',1 7HLO 0HW PDDWYHUGHOLQJ &RPSOHHW PHW GRS HQ DIVOXLWULQJ 0DWHULDDO
*/
9ROXPH
¼
%RUR
PO
%RUR
PO
%RUR
PO
%RUR
PO
9HLOLJKHLGVÃ&#x20AC;HV ERUR /DERUDWRULXPÃ&#x20AC;HV ERURVLOLFDDWJODV FRQIRUP ',1 )OHV LV YRRU]LHQ YDQ NXQVW VWRIPDQWHO YRRU EHVFKHUPLQJ WHJHQ PHFKDQLVFKH EHVFKDGLJLQJHQ 0HW PDDWYHUGH OLQJ &RPSOHHW PHW GRS HQ DIVOXLWULQJ 0DWHULDDO
*/
9ROXPH
¼
%RUR
PO
%RUR
PO
%RUR
PO
/DERUDWRULXPÃ&#x20AC;HV PO EUXLQ 9RRU GH RSVODJ YDQ RUJDQLVFKH RSORVPLGGHOHQ &RPSOHHW PHW VFKURHIGRS Â&#x2021; 0DWHULDDO %UXLQ JODV Â&#x2021; */ Â&#x2021; ,QKRXG PO
/DERUDWRULXPÃ&#x20AC;HV PO EU
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
6FKURHIGRSÃ&#x20AC;HV JODV *OD]HQ VFKURHIGRSÃ&#x20AC;HV PHW ',1 VFKURHIGUDDG HQ VFKURHIGRS +DOV
*ODV
9ROXPH
¼
1DXZ
1DXZ
+HOGHU
PO
+HOGHU
PO
1DXZ
+HOGHU
PO
1DXZ
+HOGHU
PO
1DXZ
+HOGHU
PO
1DXZ
+HOGHU
PO
1DXZ
%UXLQ
PO
1DXZ
%UXLQ
PO
1DXZ
%UXLQ
PO
1DXZ
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PO
1DXZ
%UXLQ
PO
1DXZ
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PO
6FKURHIGRSÃ&#x20AC;HV SRO\HWK\OHHQ 6FKURHIGRSÃ&#x20AC;HV ODJHGLFKWKHLGSRO\HWKHOHHQ /'3( PHW VFKURHIGUDDG HQ VFKURHIGRS +DOV
.OHXU
9ROXPH
¼
1DXZ
%UXLQ
PO
1DXZ
%UXLQ
PO
1DXZ
%UXLQ
PO
1DXZ
%UXLQ
PO
1DXZ
7UDQVSDUDQW
PO
1DXZ
7UDQVSDUDQW
PO
1DXZ
7UDQVSDUDQW
PO
1DXZ
7UDQVSDUDQW
PO
1DXZ
7UDQVSDUDQW
PO
1DXZ
7UDQVSDUDQW
PO
6FKURHIGRSÃ&#x20AC;HV JODV 6FKURHIGRSÃ&#x20AC;HV JODV PHW ',1 VFKURHIGUDDG HQ VFKURHIGRS +DOV
.OHXU
9ROXPH
¼
:LMG
:LMG
+HOGHU
PO
+HOGHU
PO
:LMG
+HOGHU
PO
:LMG
+HOGHU
PO
:LMG
+HOGHU
PO
:LMG
+HOGHU
PO
:LMG
%UXLQ
PO
:LMG
%UXLQ
PO
:LMG
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PO
:LMG
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PO
:LMG
%UXLQ
PO
:LMG
%UXLQ
PO
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
+8/30,''(/(1
*/$6 .8167672) (1 3256(/(,1
6FKURHIGRSÃ&#x20AC;HV SRO\HWK\OHHQ 6FKURHIGRSÃ&#x20AC;HV ODJHGLFKWKHLGSRO\HWK\OHHQ /'3( WUDQVSDUDQW 0HW VFKURHIGUDDG HQ VFKURHIGRS +DOV
*/
$IPHWLQJHQ
9ROXPH
¼
:LMG
[ PP
PO
:LMG
[ PP
PO
:LMG
[ PP
PO
:LMG
[ PP
PO
:LMG
[ PP
PO
:LMG
[ PP
PO
)OHV YLHUNDQW SRO\HWK\OHHQ )OHV YLHUNDQW SRO\HWK\OHHQ /'3( RI +'3( WUDQVSDUDQW 0HW VFKURHIGRS +DOV
0DWHULDDO
9ROXPH
¼
:LMG
:LMG
/'3(
PO
/'3(
PO
:LMG
+'3(
PO
:LMG
+'3(
PO
:LMG
+'3(
PO
1DXZ
/'3(
PO
6FKURHIGRSÃ&#x20AC;HV PHW VOXLWLQJ 6FKURHIGRSÃ&#x20AC;HV KRJHGLFKWKHLGSRO\HWK\OHHQ +'3( PHW KHUPHWLVFK VOXLWHQGH VFKDU QLHUVOXLWLQJ 2 D JHVFKLNW YRRU KHW SRUWLRQHUHQ YDQ HPXOVLHV 9ROXPH
¼
PO
PO
PO
'UXSSHOÃ&#x20AC;HV JODV 'UXSSHOÃ&#x20AC;HV JODV PHW YODNNH GUXSSHOVWRS *ODV
9ROXPH
¼
+HOGHU
PO
+HOGHU
PO
%UXLQ
PO
%UXLQ
PO
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
+22)'678.
'UXSSHOÃ&#x20AC;HV SRO\HWK\OHHQ 'UXSSHOÃ&#x20AC;HV ODJHGLFKWKHLGSRO\HWK\OHHQ /'3( 0HW GUXSSHOWXLWGRS HQ DIVOXLWGRSMH 9ROXPH
¼
PO
PO
PO
PO
)OHVVHQSODWHDX 3ODWHDX YDQ NXQVWVWRI YRRU SRO\HWK\OHHQ Ã&#x20AC;HVVHQ PO QU HQ SRO\HWK\ OHHQ Ã&#x20AC;HVVHQ PO QU 2RN JHVFKLNW YRRU KHW SODDWVHQ YDQ EHNHUJOD]HQ PO HQ PO
)OHVVHQSODWHDX
¼
'UXSSHOSLSHWÃ&#x20AC;HV 'UXSSHOSLSHWÃ&#x20AC;HV JODV &RPSOHHW PHW SLSHW PHW RS]XLJEDOJMH *ODV
9ROXPH
7RHOLFKWLQJ
¼
%UXLQ
%UXLQ
PO
6FKURHIGRSSLSHW
PO
6FKURHIGRSSLSHW
%UXLQ
PO
6FKURHIGRSSLSHW
*ODV
9ROXPH
9HUYDQJSLSHW
%UXLQ
PO
6WRS 3( PHW SLSHW
%UXLQ
PO
6WRS 3( PHW SLSHW
+HOGHU
PO
6WRS 3( PHW SLSHW
+HOGHU
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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$UHRPHWHU VHW VWXNV
¼
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*/$6 .8167672) (1 3256(/(,1
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¼
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¼
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*DVRQWZLNNHOLQJVWRHVWHO .LSS
¼
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0DDWYHUGHOLQJ
¼
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7RHOLFKWLQJ
¼
1:
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1:
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¼
1:
[ VOLMSVWXN 16 [ */ HQ [ */
1:
[ VOLMSVWXN 16 W E Y 970
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¼
2 ULQJ EHNHU PHW YODNNH Ã&#x20AC;HQV Â&#x2021; 'LDPHWHU 1:
2 ULQJ EHNHU
9HUZDUPLQJVVWDDI 9HUZDUPLQJVVWDDI NZDUWV PHW 16 NHUQ *HVFKLNW YRRU GHNVHO HQ /HQJWH
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: 9 $&
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¼
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¼
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*/$6 .8167672) (1 3256(/(,1
+8/30,''(/(1
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¼
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¼
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¼
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$SS EHSDOLQJ PROHNXXOPDVVD
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¼
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$SS EHSDOLQJ PROHNXXOPDVVD
¼
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¼
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¼
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6OLMSVWXNNHQ VHW ,
¼
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6OLMSVWXNNHQ VHW ,,
¼
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¼
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6OLMSVWXN
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¼
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16
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16
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16
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16
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16
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16
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¼
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16
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16
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16
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16
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16
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¼
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16
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16
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16
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16
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16
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=LMKDOV
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¼
16
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16
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16
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16
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*/$6 .8167672) (1 3256(/(,1
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=LMKDOV
9ROXPH
¼
16
16
16 [
PO
16 [
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16
16 [
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16
16 [
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16
16 [
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16
16 [
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16
16 [
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=LMKDOV
9ROXPH
¼
16
16
16 [
PO
16 [
PO
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Â&#x2021; 9ROXPH PO
5RQGERGHPNROI PO KDOV
¼
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9ROXPH
¼
16
PO
16
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16
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16
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6OLMSVWXN
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¼
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[ 16
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1HH
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[ 16
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[ 16
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1HH
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¼
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[ 16
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¼
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¼
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[ 6%
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¼
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¼
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6OLMSVWXN
¼
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[ 16
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[ 16
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¼
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¼
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[ 16
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[ 16
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6OLMSVWXN
¼
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[ 16
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¼
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¼
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[ 16
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¼
+22)'678.
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0DVVD
¼
PP
J
PP
J
'HVWLOOHHUNRORP 'HVWLOOHHUNRORP ERURVLOLFDDWJODV PHW [ NORNVFKRWHONRORP [ NUDDQ YRRU DIQDPH YDQ KHW GHVWLOODDW [ *O DDQVOXLWLQJ YRRU HHQ WKHUPRPHWHU HQ [ */ DDQVOXL WLQJ YRRU DIYRHUEXLV Â&#x2021; /HQJWH PP Â&#x2021; 6OLMSVWXNNHQ [ 16 Â&#x2021; [ .UDDQ 16 Â&#x2021; [ */ Â&#x2021; [ .ROI PO PHW [ */ Â&#x2021; /HQJWH PP
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¼
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([WUDFWRU YROJHQV 6R[KOHW PO
¼
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¼
7RHOLFKWLQJ .HUQ 16
[ PP
.HUQ 16
[ PP
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+XOV
¼
EXLV
*/
[ 16
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[ 16
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16
16
[ 16
16
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¼
[ 16
[ 16
[ 16
[ 16
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¼
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¼
[ 16
[ 16
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¼
[ 16
[ 16
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*/
¼
16
16
16
9HUORRSVWXN QV QV 9HUORRSVWXN ERURVLOLFDDWJODV PHW 16 NHUQ HQ 16 KXOV +XOV
¼
.HUQ 16
16
16
16
16
16
16
16
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PP
3HU P
PP
PP
3HU P
6ODQJNOHP PHWDDO 6ODQJNOHP PHWDDO VODQJ
$DQWDO
¼
PP
VWXNV
PP
VWXNV
6ODQJNOHP SRO\HVWHU 6ODQJNOHP SRO\HVWHU YRRU FRQWLQX UHJHOEDUH GRRUVWURPLQJ VODQJ
.OHXU
¼
PP
5RRG
PP
*HHO
PP
%ODXZ
PP
5RRG
6ODQJNOHP PP VW 33 6ODQJNOHP SRO\SURS\OHHQ 33 $DQWDO VWXNV VODQJ PP
6ODQJNOHP PP VW 33
¼
6ODQJNOHP YOJ KRIPDQQ 6FKURHINOHP YDQ YHUQLNNHOG PHVVLQJ PHW ZHJNODSEDUH RQGHUSODDW %UHHGWH NOHPYODN
¼
PP
PP
PP
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
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6ODQJNOHP YOJ PRKU .QLMSNOHP YDQ YHUQLNNHOG PHVVLQJ PHW SODWWH DDQGUXNSODDWMHV /HQJWH
¼
PP
PP
PP
6ODQJYHUELQGLQJ UHFKW 6ODQJYHUELQGLQJ SRO\SURS\OHHQ 33 UHFKW 'RRUVQHGH OLQNV
'RRUVQHGH UHFKWV
¼
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
6ODQJYHUELQGLQJ W YRUP 6ODQJYHUELQGLQJ SRO\SURS\OHHQ 33 7 YRUP 'RRUVQHGH
¼
PP
PP
PP
PP
PP
6ODQJYHUELQGLQJ \ YRUP 6ODQJYHUELQGLQJ SRO\SURS\OHHQ 33 < YRUP 'RRUVQHGH
¼
PP
PP
PP
PP
6ODQJROLYH 6ODQJROLYH JHVFKLNW YRRU */ VFKURHIGRS ,QFOXVLHI DIGLFKWULQJ 9RUP
¼
6FKURHIGUDDG */
*HERJHQ
*/
5HFKW
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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+8/30,''(/(1 $/)$%(7,6&+ $ 7 0 =
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+22)'678.
6OLMSVWXNNOHP NXQVWVWRI 6OLMSVWXNNOHP NXQVWVWRI *HVFKLNW YRRU WHPSHUDWXUHQ WRW & 6OLMSVWXNNHQ
¼
16
16
6OLMSVWXNNOHP PHWDDO 6OLMSVWXNNOHP PHWDDO 6OLMSVWXNNHQ
¼
16
16
6ROGHHUEXLV PHW PRQGVWXN 0HW KRXWHQ PRQGVWXN
6ROGHHUEXLV PHW PRQGVWXN
¼
6SDWHO GXEEHO 'XEEHOVSDWHO VWDDO /HQJWH
%UHHGWH
¼
PP
PP
PP
PP
PP
PP
%UHHGWH
¼
6SDWHO GXEEHO PLFUR 'XEEHOVSDWHO PLFUR VWDDO /HQJWH
PP
PP
PP
PP
PP
PP
6SDWHO GXEEHO PLFUR [ PP 'XEEHOVSDWHO PLFUR UYV /HQJWH PP %UHHGWH PP
6SDWHO GXEEHO PLFUR [ PP
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
¼
+22)'678.
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6SDWHO GXEEHO KRO 'XEEHOVSDWHO KRO UYV /HQJWH
%UHHGWH
¼
PP
PP
PP
PP
PP
PP
6SDWHO H[WUDFWLH ([WUDFWLHVSDWHO PHW KRXWHQ KDQGYDW /DQJ HQ Ã&#x20AC;H[LEHO OHPPHW /HQJWH
%UHHGWH
¼
PP
PP
PP
PP
6WRRPNHWHO O 6WRRPNHWHO NRSHU PHW SHLOJODV YXOWXEXV HQ VWRRPSLMS *HVFKLNW YRRU ]RZHO EUDQGHU VWDWLHI DOV NRRNSODDW Â&#x2021; 9ROXPH O
6WRRPNHWHO O
¼
6WRS UXEEHU +RJH NZDOLWHLW UXEEHU ',1 ,Q KRJH PDWH ]XXU HQ ORRJEHVWHQGLJ Â&#x2018; RQGHU
Â&#x2018; ERYHQ
+RRJWH
7RHOLFKWLQJ
¼
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
*HVFKLNW YRRU 6%
*HVFKLNW YRRU 6%
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
*HVFKLNW YRRU 6%
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
SULM]HQ LQ ¼ H[FOXVLHI EWZ YDQDI ¼ IUDQFR OHYHULQJ
+8/30,''(/(1 $/)$%(7,6&+ $ 7 0 =
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+22)'678.
6WRS UXEEHU JDW +RJH NZDOLWHLW UXEEHU ',1 0HW JDW PP Â&#x2018; RQGHU
Â&#x2018; ERYHQ
+RRJWH
7RHOLFKWLQJ
¼
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
*HVFKLNW YRRU 6%
*HVFKLNW YRRU 6%
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
*HVFKLNW YRRU 6%
6WRS UXEEHU JDW +RJH NZDOLWHLW UXEEHU ',1 0HW JDW Â&#x2018; RQGHU
Â&#x2018; ERYHQ
+RRJWH
*DW
¼
PP
PP
PP
PP
PP
PP
PP
PP
6WRS UXEEHU [ JDW +RJH NZDOLWHLW UXEEHU ',1 0HW [ JDW PP Â&#x2018; RQGHU
Â&#x2018; ERYHQ
+RRJWH
7RHOLFKWLQJ
¼
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
*HVFKLNW YRRU 6%
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
PP
*HVFKLNW YRRU 6%
6WRS UXEEHU VHW +RJH NZDOLWHLW UXEEHU ',1 6WRS
¼
PP
VWXNV
PP
VWXNV
$DQWDO
NLMN RS RQ]H VLWH YRRU GH PHHVW DFWXHOH LQIRUPDWLH ZZZ EUHXNKRYHQ QO
+22)'678.
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6WRS UXEEHU JHVRUWHHUG +RJH NZDOLWHLW UXEEHU ',1 $DQWDO
¼
VWXNV
VWXNV
VWXNV
6WRS VLOLFRQHQ PP 6WRS VLOLFRQHQ %HVWDQG WHJHQ WHPSHUDWXUHQ YDQ & WRW & RQGHU PP ERYHQ PP +RRJWH PP 7RHOLFKWLQJ *HVFKLNW YRRU 6%
6WRS VLOLFRQHQ PP
¼
6WRS VLOLFRQHQ [ JDW 6WRS VLOLFRQHQ %HVWDQG WHJHQ WHPSHUDWXUHQ YDQ & WRW & 0HW [ JDW PP RQGHU
ERYHQ
+RRJWH
7RHOLFKWLQJ
¼
PP
PP
PP
*HVFKLNW YRRU 6%
PP
PP
PP
*HVFKLNW YRRU 6%
PP
PP
PP
*HVFKLNW YRRU 6%
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6WRS VLOLFRQHQ PP JDW
¼
6WRSSHQERRU PP VHW VW .XUNERUHQ PHW KDQGJUHHS *HVFKLNW YRRU NXUN HQ UXEEHU $DQWDO VWXNV *DW PP
6WRSSHQERRU PP VHW VW
¼
6WRSSHQERRUVFKHUSHU 7 E Y VWRSSHQERRU DUW QU
6WRSSHQERRUVFKHUSHU
¼
EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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+8/30,''(/(1 $/)$%(7,6&+ $ 7 0 =
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+22)'678.
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6WRS VWHULHO PP VW
¼
6WRS JODV QV 6WRS ERURVLOLFDDWJODV KHOGHU 6OLMSVWXN
¼
16
16
16
16
6WRS SRO\SURS\OHHQ QV 6WRS SRO\SURS\OHHQ 33 6OLMSVWXN
¼
16
16
16
16
16
16
6WURPLQJVPHWHU 9RRU GH FRQWUROH YDQ GH GRRUVWURPLQJ YDQ YORHLVWRIIHQ 0DWHULDDO .XQVWVWRI KHOGHU $IPHWLQJHQ [ [ PP
6WURPLQJVPHWHU
¼
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¼
9 9DFXXPYHW J SRWMH 9DFXXPYHW J YRRU NUDQHQ HQ 16 VOLMSVWXNNHQ
9DFXXPYHW J SRWMH
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¼
+22)'678.
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.OHXU
¼
FP
5RRG
FP
%ODXZ
FP
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FP
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FP
5RRG
FP
%ODXZ
FP
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FP
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FP
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.OHXU
¼
FP
5RRG
FP
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FP
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FP
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FP
5RRG
FP
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FP
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FP
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FP
5RRG
FP
%ODXZ
FP
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6QRHUHQUHN
¼
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¼
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¼
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¼
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¼
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¼
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¼
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¼
PP
P
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P
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PP
P
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P
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PP
P
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1LFKURRP
PP
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EUHXNKRYHQ E Y FDSHOOH D G LMVVHO
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¼
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¼
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¼
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¼
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¼
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¼
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¼
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1
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