(XURPHWDO 6S ] R R %DQLQR . *GDQVND 0LV]HZNR WHO ID[ ZZZ HXURPHWDO FRP SO HXURPHWDO#HXURPHWDO FRP SO %LXUR +DQGORZH L PDJD]\Q QU ZH :URFãDZLX :URFãDZ XO .UDNRZVND WHO ID[ HPDLO ZURFODZ#HXURPHWDO FRP SO
:U]HFLRQR
‡‡
6WDQGDUG ,62 REU PLQ QDSĕG SDVRZ\ 2SFMH ,62 REU PLQ QDSĕG SDVRZ\ ,62 REU PLQ QDSĕG SDVRZ\ ,62 REU PLQ QDSĕG EH]SRŋUHGQL ,62 REU PLQ QDSĕG EH]SRŋUHGQL ,62 REU PLQ SU]HNãDGQLD ]ĕEDWD
%DUG]R V]W\ZQD NRQVWUXNFMD
02& :5=(&,21$ 020(17 2%5272:<
VFKHPDW
VFKHPDW
VFKHPDW
VFKHPDW
6\VWHP\ VWHURZDQLD
Â&#x2021;Â&#x2021;
6WDQGDUG )$18& L 0& OXE L 0' ,QQH 6WHURZQLNL )DQXF L 0% L $ 0LWVXELVKL 0 0 9 )DJRU L 3/86 6HOFD 6 6
ZZZ HXURPHWDO FRP SO
%XGRZD 0DV]\Q\
Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021;
3URZDGQLFH OLQLRZH Z RVLDFK ; L < PQLHMV]H WDUFLH SRVXZ\ SU]\VSLHV]RQH 3URZDGQLFH Å&#x2039;OL]JRZH Z RVL = ZLÄ&#x2022;NV]D ]GROQRÅ&#x2039;þ REUyEF]D :DUWRÅ&#x2039;þ SRVXZyZ URERF]\FK P PLQ 3RVXZ\ SU]\VSLHV]RQH P PLQ 3RGVWDZD NROXPQ\ Z NV]WDãFLH OLWHU\ 8 UR]V]HU]D ]DNUHV JZDUDQWRZDQHM VWDELOQRÅ&#x2039;FL SRGF]DV FLÄ&#x2022;ŧNLHM L G\QDPLF]QHM REUyENL
Â&#x2021;
3URGXNW MHVW ]DSURMHNWRZDQ\ PHWRGÄ&#x2021; $QDOL]\ (OHPHQWyZ 6NRĸF]RQ\FK FR Z VWRVXQNX GR NRQZHQFMRQDOQ\FK PHWRG SURMHNWRZ\FK ]QDF]QLH SRSUDZLD VWDELOQRÅ&#x2039;þ
X HQLEK HD IDFL WLVVL HX IHXLSLV DGLW OXSWDWLH YHOLVO XW DFLQJ H[
.RQVWUXNFMD SRGVWDZ\
ย
ย ย
%XGRZD SRGVWDZ\ PDV]\Q\ ED]XMH QD 0HFKDQLFH 7UyMNฤ WD GOD RVLฤ JQLฤ FLD QDMOHSV]\FK ZรฃDVQRล FL UXFKRZ\FK L SU]\VSLHV]Hฤธ 2ล < ] OLQLRZ\PL SURZDGQLFDPL ] NWyU\FK NDลงGD SRVLDGD EORNyZ ล OL]JRZ\FK 6Wyรฃ MHVW SURZDG]RQ\ QD EORNDFK ล OL]JRZ\FK 3URZDGQLFH URONRZH GRGDWNRZR SRWฤ JXMฤ VWDELOQRล รพ PDV]\Q\ 2VรฃRQ\ V]F]HOQLH FKURQLฤ SURZDGQLFH SU]HG ZLyUDPL L FKรฃRG]LZHP 3U]HFLZG]LDรฃDMฤ WDNลงH GRVWDZDQLX VLฤ ROHMX GR FKรฃRG]LZD 3RWUyMQD RFKURQD RVL < RG VSRGX UHGXNXMH KDรฃDV SRZRGRZDQ\ UXFKHP SU]\VSLHV]RQ\P
ZZZ HXURPHWDO FRP SO
3LRQRZ\ PDJD]\Q QDU]ฤ G]L
:Lฤ NV]H PDJD]\Q\ QDU]ฤ G]L
3LRQRZ\ PDJD]\Q QDU]ฤ G]L ] EDUG]R V]\ENLP QDSฤ GHP L GZXUDPLHQQ\P V\VWHPHP ]PLDQ\ QDU]ฤ G]LD GOD ]RSW\PDOL]RZDQLD F]DVX SUDF\
-DNR Z\SRVDลงHQLH RSFMRQDOQH GRVWฤ SQH Vฤ ZLฤ NV]H PDJD]\Q\ QDU]ฤ G]L
6\VWHP 5(1,6+$: 76 5 'OD GRNรฃDGQHJR L V]\ENLHJR ZSURZDG]HQLD RIIVHWX QDU]ฤ G]L GRVWฤ SQ\ MHVW V\VWHP 5(1,6+$: 76 5 3R]ZDOD RQ WDNลงH Z\NU\รพ XV]NRG]HQLH QDU]ฤ G]LD
&KรฃRG]HQLH SU]H] ZU]HFLRQR &KรฃRG]HQLH SU]H] ZU]HFLRQR MHVW WR GRVNRQDรฃ\ VSRVyE QD MHGQRF]HVQH FKรฃRG]HQLH QDU]ฤ G]LD GHWDOX D WDNลงH HIHNW\ZQHJR Z\SรฃXNLZDQLD ZLyUyZ
ล UXERZ\ WUDQVSRVWHU ZLyUyZ
7Dล PRZ\ WUDQVSRUWHU ZLyUyZ
:\PLDU\ PDV]\Q\
:\PLDU\ VWRãX L URZNyZ 7 RZ\FK
6WRŧNL L WXOHMH PRFXMćFH
ZZZ HXURPHWDO FRP SO
6SHF\ÀNDFMD 02'(/ 3U]HVXZ\ 2ŋ ; 2ŋ < 2ŋ =
-('1 -+9 -+9
2G NRĸFyZNL ZU]HFLRQD GR SRZLHU]FKQL VWRãX URERF]HJR 2G RVL ZU]HFLRQD GR SRZLHU]FKQL NROXPQ\
PP PP PP PP PP
6Wyã URERF]\ 3RZLHU]FKQLD 2EFLćŧDQLH 5RZNL WHRZH
PP [ [ NJ V PP [
:U]HFLRQR 3UĕGNRŋþ REURWRZD 6WRŧHN
2EU PLQ
RS
%7
0DJD]\Q QDU]ĕG]L 7\S /LF]ED JQLD]G 0D[ ŋUHGQLFD QDU]ĕG]LD 0D[ GãXJRŋþ QDU]ĕG]LD 0D[ ZDJD QDU]ĕG]LD
PP PP PP
UDPLĕ 7 7 RS
6LOQLN 6LOQLN ZU]HFLRQD 6LOQLN RVL ; < =
NZ NZ
:DUWRŋþ SRVXZX 3RVXZ SU]\VSLHV]RQ\ ; < = 3RVXZ URERF]\ ŊUXE\ NXORZH ŊUHGQLFD ; < = 6NRN ; < =
0 PLQ PP PLQ
PP PP
6]HURNRŋþ SURZDGQLF OLQLRZ\FK ; < ² EORNyZ QD Rŋ 6]HURNRŋþ SURZDGQLF SURVWRNćWQ\FK = ² JUXERŋFL
PP PP
3R]RVWDãH :\PLDU\ JDEDU\WRZH ' 6] : :DJD
PP [ [ NJ
3URZDGQLFH
YHULW LXVWUXG PRGRORE
:\SRVDŧHQLH VWDQGDUGRZH 2VãRQ\ SU]HVWU]HQL URERF]HM 2ŋZLHWOHQLH URERF]H )DQXF L 0& µ /&' 2ŋZLHWOHQLH V\JQDOL]DF\MQH 1DSĕG\ )DQXF $OSKD 3U]HGPXFK SU]H] ZU]HFLRQR .OLPDW\]RZDQD V]DID HOHNWU\F]QD $XWR SRZHU RII /LQLRZH SURZDGQLFH RVL ;< ŊOL]JRZH SURZDGQLFH RVL = 6\VWHP FHQWUDOQHJR VPDURZDQLD 3UĕGNRŋþ REURWRZD USP %7 6\VWHP FKãRG]HQLD 3LRQRZ\ PDJD]\Q $7& QDU]ĕG]LRZ\ %7 =HVWDZ QDU]ĕG]L 2OHMRZH FKãRG]HQLH ZU]HFLRQD ŊUXERZ\ SRGDMQLN ZLyUyZ &KãRGQLFD ROHMX 'RNXPHQWDFMD WHFKQLF]QR UXFKRZD 6]W\ZQH JZLQWRZDQLH 'RNXPHQWDFMD 7HFKQLF]QR 5XFKRZD 3RUW 56 7UDQVIRUPDWRU 'HNODUDFMD ]JRGQRŋFL &(
:\SRVDŧHQLH RSFMRQDOQH )DQXF L 0% )$18& L 6HUZHU GDQ\FK :VSRPDJDQLH REUyENL NRQWXUyZ L 0% L 0%
:VSRPDJDQLH REUyENL +60 L 0%
3UĕGNRŋþ REURWRZD GR REU PLQ 3LRQRZ\ PDJD]\Q $ 7 & QDU]ĕG]LRZ\ %7 3LRQRZ\ PDJD]\Q $ 7 & QDU]ĕG]LRZ\ %7 3R]LRP\ PDJD]\Q $ 7 & QDU]ĕG]LRZ\ %7 3R]LRP\ PDJD]\Q $ 7 & QDU]ĕG]LRZ\ %7 âDĸFXFKRZ\ PDJD]\Q $ 7 & QDU]ĕG]LRZ\ %7 7DŋPRZ\ SRGDMQLN ZLyUyZ &KãRG]HQLH SU]H] ZU]HFLRQR ÀOWU %DU
6Wyã REURWRZ\ &1& PP PP
5ĕF]Q\ OXE K\GUDXOLF]Q\ NRQLN Rŋ
6\VWHP VSãXNLZDQLD ZLyUyZ 0DQXDO JXLGH L GOD )DQXF L 0% 6\VWHP SRPLDUX QDU]ĕG]LD 5(1,6+$: 76 5 2GROHMDF] GR FKãRG]LZD (NUDQ µ /&' GOD )DQXF L 0& 3URZDGQLFH URONRZH
-+9
ZZZ HXURPHWDO FRP SO
2SW\PDOQH UR]ZLÄ&#x2021;]DQLD NRQVWUXNF\MQH .RQVWUXNFMD PDV]\Q\ Z\NRQDQD ] RGOHZX ŧHOLZQHJR FKDUDNWHU\]XMÄ&#x2021;FHJR VLÄ&#x2022; Z\VRNÄ&#x2021; V]W\ZQRÅ&#x2039;FLÄ&#x2021; RUD] GãXJRWUZDãÄ&#x2021; SUHF\]MÄ&#x2021; :V]\VWNLH RVLH Z\SRVDŧRQR Z SURZDGQLFH OLQLRZH FKDUDNWHU\]XMÄ&#x2021;FH VLÄ&#x2022; PRŧOLZRÅ&#x2039;FLÄ&#x2021; X]\VNDQLD Z\VRNLFK SUÄ&#x2022;GNRÅ&#x2039;FL SU]HVXZX RUD] Z\VRNÄ&#x2021; GRNãDGQRÅ&#x2039;FLÄ&#x2021; SR]\FMRQRZDQLD 3RGVWDZD NROXPQ\ Z\NRQDQD ]RVWDãD Z SRVWDFL OLWHU\ $ FR ]ZLÄ&#x2022;NV]Ä&#x2021; VWDELOQRÅ&#x2039;þ PDV]\Q\ SRGF]DV REUyENL
:\PLDU\ PDV]\Q\
:\PLDU\ VWRãX
3UHF\]\MQH Å&#x2039;UXE\ NXORZH :VWÄ&#x2022;SQLH QDSLÄ&#x2022;WH Å&#x2039;UXE\ NXORZH RVL ; < RUD] = ]DSHZQLDMÄ&#x2021; Z\VRNÄ&#x2021; GRNãDGQRÅ&#x2039;þ RUD] HOLPLQXMÄ&#x2021; GR PLQLPXP EãÄ&#x2022;G\ SR]\FMRQRZDQLD
:U]HFLHQQLN Z\SRVDŧRQ\ Z XNãDG SU]HGPXFK ZU]HFLRQD PRŧOLZRÅ&#x2039;þ Z\SRVDŧHQLD PDV]\Q\ Z XNãDG FKãRG]HQLD ZU]HFLRQD ROHMHP ]DSHZQLD GRNãDGQRÅ&#x2039;þ RUD] Z\GãXŧD ŧ\ZRWQRÅ&#x2039;þ ZU]HFLRQD
:U]HFLHQQLN Z\SRVDŧRQ\ Z SU]HNãDGQLÄ&#x2022; SDVRZÄ&#x2021; XPRŧOLZLD X]\VNDQLH REU PLQ :U]HFLRQR Z\SRVDŧRQH Z QDSÄ&#x2022;G EH]SRÅ&#x2039;UHGQL MHVW Z\SRVDŧHQLHP RSFMRQDOQ\P ]PQLHMV]DMÄ&#x2021;F\P SR]LRP ZLEUDFML RUD] KDãDVX PRŧOLZH GR X]\VNDQLD SUÄ&#x2022;GNRÅ&#x2039;FL REURWRZHM REU PLQ
5HVWU\NF\MQH WHVW\ MDNRÅ&#x2039;FL .RQWUROD JHRPHWULL UHJXODFMD Z\ZDŧHQLD ZU]HFLRQD SRPLDU\ ODVHUHP RUD] WHVW REUyENL
Â&#x2021; =DDZDQVRZDQ\ ODVHURZ\ V\VWHP GR SRPLDUX L VSUDZG]DQLD GRNãDGQRÅ&#x2039;FL OLQLRZHM =DSHZQLD WR Z\VRND GRNãDGQRÅ&#x2039;þ
ZZZ HXURPHWDO FRP SO
:\SRVDลงHQLH VWDQGDUGRZH L RSFMRQDOQH :U]HFLRQR QDSฤ G]DQH SU]HNรฃDGQLฤ SDVRZฤ
ย ย
6WDQGDUGRZD SUฤ GNRล รพ REURWRZD REU PLQ RSFMRQDOQD REU PLQ PRลงOLZD GR X]\VNDQLD REU PLQ 6WRลงHN ZU]HFLRQD %7
:U]HFLRQR ] QDSฤ GHP EH]SRล UHGQLP RSFMD
ย ย
0RลงOLZH GR X]\VNDQLD SUฤ GNRล FL REURWRZH REU PLQ 6WRลงHN ZU]HFLRQD %7
.DUX]HORZ\ PDJD]\Q QDU]ฤ G]L
ล UXERZ\ WUDQVSRUWHU ZLyUyZ RSFMD
:\SRVDลงHQLH VWDQGDUGRZH GR JQLD]G QDU]ฤ G]LRZ\FK 6SRVyE PRFRZDQLD XPRลงOLZLD V]\ENฤ Z\PLQฤ QDU]ฤ G]LD
0DJD]\Q QDU]ฤ G]L W\SX UDPLฤ RSFMD
'R JQLD]G QDU]ฤ G]LRZ\FK PRลงOLZRล รพ REURWX Z REX NLHUXQNDFK รขDฤธFXFKRZ\ WUDQVSRUWHU ZLyUyZ RSFMD
6SHF\ÀNDFMD 02'(/
-('1
-+9
3U]HVXZ\ 2ŋ ; 2ŋ < 2ŋ =
PP PP PP
6Wyã URERF]\ 3RZLHU]FKQLD 2EFLćŧDQLH 6]HURNRŋþ URZNyZ WHRZ\FK /LF]ED URZNyZ WHRZ\FK
PP NJ V PP
:U]HFLRQR 3UĕGNRŋþ REURWRZD 2EU PLQ 6WRŧHN 6LOQLN N: 2G RVL ZU]HFLRQD GR SRZLHU]FKQL NROXPQ\ PP 2G NRĸFyZNL ZU]HFLRQD GR SRZLHU]FKQL VWRãX URERF]HJR PP
[ %7
0DJD]\Q QDU]ĕG]L 7\S /LF]ED JQLD]G 0D[ ŋUHGQLFD QDU]ĕG]LD 0D[ ŋUHGQLFD QDU]ĕG]LD ² SHãQH VćVLHGQLH JQLD]GD 0D[ GãXJRŋþ QDU]ĕG]LD 0D[ ZDJD QDU]ĕG]LD 6SHF\ÀNDFMD QDU]ĕG]LD
PP
PP PP PP
%7
3URZDGQLFH OLQLRZH 6]HURNRŋþ ; < =
PP
ŊUXE\ NXORZH WU]HFK RVL 'RNãDGQRŋþ ŊUHGQLFD ; < = 6NRN 6HUZRPRWRU ; < = 3RVXZ SU]\VSLHV]RQ\ ; < = 3RVXZ URERF]\ 'RNãDGQRŋþ SR]\FMRQRZDQLD 'RNãDGQRŋþ SRQRZQHJR SR]\FMRQRZDQLD
:\SRVDŧHQLH VWDQGDUGRZH 6WHURZQLN )DQXF L 0& 2VãRQ\ 3UĕGNRŋþ REURWRZD REU PLQ %7
0DJD]\Q NDUX]HORZ\ ² JQLD]G 6]W\ZQH JZLQWRZDQLH 8NãDG SU]HGPXFK ZU]HFLRQD 8NãDG FKãRG]HQLD 8NãDG DXWRPDW\F]QHJR VPDURZDQLD :\PLHQQLN FLHSãD ŊZLDWãD RVWU]HJDZF]H 2VãRQ\ WHOHVNRSRZH RVL 2ŋZLHWOHQLH URERF]H 6NU]\QND ] QDU]ĕG]LDPL
:\SRVDŧHQLH RSFMRQDOQH 7UDQVIRUPDWRU =QDN &( 0DJD]\Q QDU]ĕG]L W\SX UDPLĕ ² JQLD]GD :U]HFLRQR QDSĕG]DQH SU]HNãDGQLć SDVRZć REU PLQ :U]HFLRQR ] QDSĕGHP EH]SRŋUHGQLP REU PLQ &KãRG]HQLH ZU]HFLRQD ROHMHP 6SãXNLZDQLH ZLyUyZ &KãRG]HQLH SU]H] ZU]HFLRQR ŊUXERZ\ WUDQVSRUWHU ZLyUyZ âDĸFXFKRZ\ WUDQVSRUWHU ZLyUyZ
& PP R PP N: )$18& 0 PLQ PP PLQ B B
8NãDG FKãRG]HQLD 6LOQLN 3RMHPQRŋþ ]ELRUQLND
+3 O
:\PLDU\ :\PLDU\ JDEDU\WRZH ' 6] : :\PLDU\ VNU]\QL ' 6] : :DJD
PP [ [ PP [ [ NJ
ZZZ HXURPHWDO FRP SO
=DDZDQVRZDQH UR]ZLÄ&#x2021;]DQLD REUyENL HOHPHQWyZ SUHF\]\MQ\FK IRUP RUD] HOHPHQWyZ '
3U]\ G]LVLHMV]HM NRQNXUHQF\MQRÅ&#x2039;FL MHG\QÄ&#x2021; VãXV]QÄ&#x2021; GURJÄ&#x2021; UR]ZRMX MHVW ]ZLÄ&#x2022;NV]HQLH Z\GDMQRÅ&#x2039;FL RUD] MDNRÅ&#x2039;FL 3LRQRZH FHQWUD REUyEF]H VHULL -+9 FKDUDNWHU\]XMÄ&#x2021; VLÄ&#x2022; Z\VRNRREURWRZ\PL ZU]HFLRQDPL SURZDGQLFDPL OLQLRZ\PL WU]HFK RVL RUD] Z\VRNÄ&#x2021; V]W\ZQRÅ&#x2039;FLÄ&#x2021; 6HULL -+9 MHVW MHG\Q\P VãXV]Q\P Z\ERUHP SU]\ REUyEFH HOHPHQWyZ SUHF\]\MQ\FK ' RUD] IRUP
ZZZ HXURPHWDO FRP SO
2SW\PDOQH UR]ZLÄ&#x2021;]DQLD NRQVWUXNF\MQH :\VRND V]W\ZQRÅ&#x2039;FL :\GãXŧRQ\ RNUHV HNVSORDWDFML
Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021;
.RQVWUXNFMD Z\NRQDQD MHVW Z IRUPLH XŧHEURZDQHJR RGOHZX ŧHOLZQHJR =ZLÄ&#x2022;NV]RQD V]HURNRÅ&#x2039;þ SRGVWDZ\ NROXPQ\ RUD] RGOHZ VNU]\QNRZ\ ]ZLÄ&#x2022;NV]DMÄ&#x2021; VWDELOQRÅ&#x2039;þ PDV]\Q\ ]ZãDV]F]D SU]\ REUyEFH ] Z\VRNLPL SUÄ&#x2022;GNRÅ&#x2039;FLDPL 3URZDGQLFH OLQLRZH ZV]\VWNLFK RVL ]DSHZQLDMÄ&#x2021; Z\VRNÄ&#x2021; ZDUWRÅ&#x2039;þ SRVXZX RUD] Sã\QQRÅ&#x2039;þ UXFKX 6]HURNLH UR]VWDZLHQLH SURZDGQLF ZSã\ZD NRU]\VWDQLH QD VWDELOQRÅ&#x2039;þ SURZDG]RQHJR HOHPHQWX
Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021;
0RŧOLZRÅ&#x2039;þ X]\VNDQLD SUÄ&#x2022;GNRÅ&#x2039;FL REURWRZHM ZU]HFLRQD QD SR]LRPLH REU PLQ 3UHF\]\MQH Å&#x2039;UXE\ NXORZH NODV\ & QLH ZSURZDG]DMÄ&#x2021; GRGDWNRZ\FK GUJDĸ =ZDUWD EXGRZD =ZLÄ&#x2022;NV]RQ\ SU]HVXZ RVL < Z FHOX SRZLÄ&#x2022;NV]HQLD SU]HVWU]HQL URERF]HM PRGHO -+9
ZZZ HXURPHWDO FRP SO
$QDOL]D VWDQX QDSUĕŧHĸ *ãyZQH HOHPHQW\ NRQVWUXNF\MQH PDV]\Q\ SRGGDQH Vć VNRPSOLNRZDQ\P DQDOL]RP VWDQyZ QDSUĕŧHĸ =DSHZQLD WR X]\VNDQLH Z\VRNLHM V]W\ZQRŋFL L Z\GãXŧHQLH HNVSORDWDFML PDV]\Q\
3URZDGQLFH OLQLRZH 0DV]\QD Z\SRVDŧRQD MHVW Z WRF]QH SURZDGQLFH OLQRZH R V]HURNRŋFL PP
3UHF\]\MQH ŋUXE\ WRF]QH :V]\VWNLH RVLH Z\SRVDŧRQH Vć Z SUHF\]\MQH ŋUXE\ WRF]QH ]DSHZQLDMćFH GRNãDGQRŋþ RUD] Sã\QQRŋþ SRVXZX
:\EyU VSRล UyG ZLHOX Z\VRNRREURWRZ\FK ZU]HFLRQ
:U]HFLRQR ] QDSฤ GHP SDVRZ\P
:U]HFLRQR ] QDSฤ GHP EH]SRล UHGQLP
ย ย
ย ย
3Uฤ GNRล FL REURWRZH REU PLQ 6WRลงHN ZU]HFLRQD %7
3Uฤ GNRล FL REURWRZH REU PLQ 6WRลงHN ZU]HFLRQD %7
.DUX]HORZ\ PDJD]\Q QDU]ฤ G]L
0DJD]\Q QDU]ฤ G]L W\SX UDPLฤ RSFMD
%H]SRล UHGQLR VSU]ฤ ลงRQH VHUZRPRWRU\
:\SRVDลงHQLH VWDQGDUGRZH GR JQLD]G QDU]ฤ G]LRZ\FK 6SRVyE PRFRZDQLD XPRลงOLZLD V]\ENฤ Z\PLQฤ QDU]ฤ G]LD
'R JQLD]G QDU]ฤ G]LRZ\FK PRลงOLZRล รพ REURWX Z REX NLHUXQNDFK
%H]SRล UHGQLH VSU]ฤ ลงHQLH VHUZRPRWRUX ]H ล UXEฤ WRF]Qฤ XPRลงOLZLD UHGXNFMฤ OX]yZ SRZVWDMฤ F\ SU]\ LQQ\P URG]DMX SRรฃฤ F]HQLD 3RQDGWR ]DSHZQLD Z\VRNฤ GRNรฃDGQRล รพ SR]\FMRQRZDQLD
.OLPDW\]DWRU V]DI\ HOHNWU\F]QHM
&KãRG]HQLH ZU]HFLRQD ROHMHP
:\JRGQ\ PRQWDŧ REUDELDQHJR SU]HGPLRWX
: FHOX ]DSHZQLHQLD VWDãHM SUDZLGãRZHM WHPSHUDWXU\ V]DI\ HOHNWU\]XMH ]RVWDãD RQD Z\SRVDŧRQD Z NOLPDW\]DWRU 3UDZLGãRZD WHPSHUDWXUD ZQÄ&#x2022;WU]D V]DI\ HOHNWU\F]QHM SR]ZDOD Z\GãXŧ\þ RNUHV HNVSORDWDFML PDV]\Q\
&KãRG]HQLH ROHMHP ]DEH]SLHF]D ZU]HFLRQR SU]HG PLNUR GHIRUPDFMDPL PDMÄ&#x2021;F\PL QLHNRU]\VWQ\ ZSã\Z QD SURFHV REUyENL ]ZãDV]F]D SU]\ REUyEFH ] Z\VRNÄ&#x2021; SUÄ&#x2022;GNRÅ&#x2039;FLÄ&#x2021;
6NUyFRQD RGOHJãRÅ&#x2039;þ PLÄ&#x2022;G]\ VWRãHP URERF]\ D NUDZÄ&#x2022;G]LÄ&#x2021; SU]HGQLÄ&#x2021; PDV]\Q\ XãDWZLD PRQWDŧ FLÄ&#x2022;ŧNLFK SU]HGPLRWyZ REUDELDQ\FK
%DOO %DU 7HVW
.RQWUROD ODVHURZD
7HVW\ XPRŧOLZLDMÄ&#x2021; Z\HOLPLQRZDQLH EãÄ&#x2022;GyZ JHRPHWULL RUD] UHGXNFMÄ&#x2022; OX]yZ
=DDZDQVRZDQ\ ODVHURZ\ XNãDG SRPLDURZ\ XPRŧOLZLD EDUG]R GRNãDGQÄ&#x2021; UHJXODFMH L Sã\QQRÅ&#x2039;þ SRVXZX
ZZZ HXURPHWDO FRP SO
:\EyU VSRŋUyG ZLHOX Z\VRNRREURWRZ\FK ZU]HFLRQ
âDĸFXFKRZ\ WUDQVSRUWHU ZLyUyZ PRQWRZDQ\ RG IURQWX
âDĸFXFKRZ\ WUDQVSRUWHU ZLyUyZ PRQWRZDQ\ ] ERNX
6WDQGDUGRZ\ ]ELRUQLN FKãRG]LZD
ŊUXERZ\ WUDQVSRUWHU ZLyUyZ PRQWRZDQ\ RG IURQWX
7DEHOD GRERUX WUDQVSRUWHUD ZLyUyZ 5RG]DM ZLyUD
2EUDELDQ\ PDWHULDã
7UDQVSRUWHU ãDĸFXFKRZ\ 7UDQVSRUWHU ŋUXERZ\
:LyU PHWDORZ\
:LyU ŧHOLZQ\
:LyU DOXPLQLRZ\ :LyU DOXPLQLRZ\ ZVWĕJRZ\
:LyU ] PDWHULDãyZ QLHŧHOD]Q\FK
)UH] F]RรฃRZ\
)UH] ZDOFRZR F]RรฃRZ\
:LHUFHQLH
*ZLQWRZDQLH
R 6 REU PLQ ' PP FF PLQ
R 6 REU PLQ ' PP
R 6 REU PLQ ' PP
0 6 REU PLQ ' PP
6SรฃXNLZDQLH ZLyUyZ RSFMD
6Wyรฃ REURWRZ\ &1& RSFMD
3LHUล FLHฤธ ] G\V]DPL FKรฃRG]ฤ F\PL
3R REX VWURQDFK VWRรฃX URERF]HJR ]QDMGXMฤ VLฤ G\V]H VSรฃXNXMฤ FH ZLyU\
6Wyรฃ REURWRZ\ FKDUDNWHU\]XMH VLฤ Z\VRNฤ GRNรฃDGQRล FLฤ SR]\FMRQRZDQLD RUD] Z\VRNฤ VWDELOQRล FLฤ SRGF]DV REUyENL
3LHUล FLHฤธ GRVWฤ SQ\ MHVW W\ONR GOD PDV]\Q\ Z\SRVDลงRQ\FK Z PDJD]\Q QDU]ฤ G]LRZ\ W\SX UDPLฤ 3LHUล FLHฤธ ] GRGDWNRZ\PL G\V]DPL FKรฃRG]ฤ F\PL XPRลงOLZLD VSรฃXNLZDQLH ZLyUyZ RUD] GRGDWNRZH FKรฃRG]HQLH QDU]ฤ G]LD RUD] SU]HGPLRWX REUDELDQHJR
ZZZ HXURPHWDO FRP SO
0RGHO 3U]HVXZ\
-+9
-+9
/LQHDU
/LQHDU
2ล ;
PP
2ล <
PP
2ล =
PP
2G NRฤธFyZNL ZU]HFLRQD GR SRZLHU]FKQL VWRรฃX URERF]HJR
PP
3RZLHU]FKQLD
PP
[
[
2EFLฤ ลงDQLH
NJ
5RZNL WHRZH
PP
[ [
[ [
6Wyรฃ URERF]\
530 6WDQGDUG
:U]HFLRQR 6WRลงHN 3Uฤ GNRล รพ REURWRZD
%7
%7
%7
%7
1DSฤ G
REU PLQ QDSฤ G SDVRZ\ QDSฤ G EH]SRล UHGQL QDSฤ G SDVRZ\ QDSฤ G EH]SRล UHGQL
6LOQLN
NZ
FKรฃRG]HQLH ROHMHP
&KรฃRG]HQLH 3RVXZ\
FKรฃRG]HQLH ROHMHP
3RVXZ SU]\VSLHV]RQ\ ; <
P PLQ
3RVXZ SU]\VSLHV]RQ\ =
P PLQ
3RVXZ URERF]\
PP PLQ
6LOQLN RVL ; < =
0DJD]\Q QDU]ฤ G]L 7\S
NZ
SR]LRP\
/LF]ED JQLD]G
SLRQRZ\
SR]LRP\ SLRQRZ\
0D[ ล UHGQLFD QDU]ฤ G]LD
PP
0D[ GรฃXJRล รพ QDU]ฤ G]LD
PP
0D[ ZDJD QDU]ฤ G]LD
NJ
:\EyU QDU]ฤ G]LD
VWDรฃ\
GRZROQ\
VWDรฃ\
GRZROQ\
3R]RVWDรฃH =DSRWU]HERZDQLH QD PRF
.9$
:\PLDU\ JDEDU\WRZH ' 6] :
PP
:DJD
NJ
[ [
[ [
:\SRVDลงHQLH VWDQGDUGRZH ย 0DJD]\Q NDUX]HORZ\ ยฒ JQLD]G ย 2VรฃRQ\ ย $XWRPDW\F]QH Z\รฃฤ F]HQLH ]DVLODQLD ย 6]W\ZQH JZLQWRZDQLH ย 8NรฃDG FKรฃRG]HQLD ZU]HFLRQD ROHMHP ย 8NรฃDG SU]HGPXFK ZU]HFLRQD ย 8NรฃDG FKรฃRG]HQLD ย 8NรฃDG DXWRPDW\F]QHJR VPDURZDQLD
ZZZ HXURPHWDO FRP SO
ย :\PLHQQLN FLHSรฃD ย ,QWHUIHMV 56 ย ล UXERZ\ WUDQVSRUWHU ZLyUyZ ย 2ล ZLHWOHQLH URERF]H ย 6NU]\QND ] QDU]ฤ G]LDPL
-+9
-+9
/LQHDU
/LQHDU
[
[
[ [
[ [ 530 6WDQGDUG
%7
%7
%7
%7
QDSĕG SDVRZ\ QDSĕG EH]SRŋUHGQL QDSĕG SDVRZ\ QDSĕG EH]SRŋUHGQL
FKãRG]HQLH ROHMHP
FKãRG]HQLH ROHMHP
SR]LRP\
SLRQRZ\
SR]LRP\
SLRQRZ\
VWDã\
GRZROQ\
VWDã\
[ [
GRZROQ\
[ [
:\SRVDŧHQLH RSFMRQDOQH 0DJD]\Q QDU]ĕG]L W\SX UDPLĕ ² JQLD]GD :U]HFLRQR QDSĕG]DQH SU]HNãDGQLć SDVRZć REU PLQ :U]HFLRQR ] QDSĕGHP EH]SRŋUHGQLP REU PLQ 6Wyã REURWRZ\ OXE F]ZDUWD Rŋ ]DZLHUD UĕF]Q\ NRQLN ]ELRUQLN ROHMX VLOQLN L QDSĕG
=ELRUQLN ROHMX F]ZDUWHM RVL
6LOQLN L QDSĕG F]ZDUWHM RVL 2GFHG]DQLH ROHMX &KRG]HQLH SU]H] ZU]HFLRQR 3LHUŋFLHĸ ] G\V]DPL FKãRG]ćF\PL 2GF]\W F\IURZ\ GOD RVL &KãRG]HQLH SU]H] ZU]HFLRQR ] ÀOWUHP =DWU]\PDQLH ZLHUFHQLD JãĕERNLFK RWZRUyZ 8NãDG SRPLDUX QDU]ĕG]LD âDĸFXFKRZ\ WUDQVSRUWHU ZLyUyZ
6XSHU V]W\ZQD NRQVWUXNFMD PDV]\Q\
Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021;
3RZLÄ&#x2022;NV]RQD V]HURNRÅ&#x2039;þ SRGVWDZ\ NROXPQ\ Z SRãÄ&#x2021;F]HQLX ] SURVWRNÄ&#x2021;WQ\PL SURZDGQLFDPL Z ]QDF]Ä&#x2021;F\ VSRVyE ]ZLÄ&#x2022;NV]D V]W\ZQRÅ&#x2039;þ L VWDELOQRÅ&#x2039;þ NRQVWUXNFML 3URZDGQLFH ZV]\VWNLFK RVL VÄ&#x2021; XWZDUG]RQH SRNU\WH WZRU]\ZHP V]WXF]Q\P RUD] VNUREDQH 6XSHU V]HURNLH SURZDGQLFH RUD] LFK GXŧ\ UR]VWDZ ]DSHZQLDMÄ&#x2021; Z\VRNÄ&#x2021; VWDELOQRÅ&#x2039;þ 5DPD JãyZQD PDV]\Q\ Z\NRQDQD MHVW Z SRVWDFL XŧHEURZDQHJR RGOHZX FR SR]ZDOD QD ]UHGXNRZDQLH GHIRUPDFML GR PLQLPXP
Â&#x2021;
:U]HFLRQR ] QDSÄ&#x2022;GHP EH]SRÅ&#x2039;UHGQLP 3UÄ&#x2022;GNRÅ&#x2039;FL REURWRZH REU PLQ
6SHF\ร NDFMD 02'(/
-('1
-09
ย 3U]HVXZ\ 2ล ; 2ล < 2ล = 2G NRฤธFyZNL ZU]HFLRQD GR SRZLHU]FKQL VWRรฃX URERF]HJR
PP PP PP PP
RSFMD
6Wyรฃ URERF]\ 3RZLHU]FKQLD 2EFLฤ ลงDQLH 6]HURNRล รพ URZNyZ WHRZ\FK
PP NJ V PP
[ [ [
:U]HFLRQR 6WRลงHN 3Uฤ GNRล รพ REURWRZD 1DSฤ G &KรฃRG]HQLH 6LOQLN
%7 %7 RSFMD
2EU PLQ RS
SDVRZ\ ROHMHP N:
3RVXZ\ 3U]\VSLHV]RQ\ ; < 3U]\VSLHV]RQ\ = 5RERF]\ 6HUZRPRWRU )DQXF 6HUZRPRWRU 0LWVXELVKL
P PLQ P PLQ PP PLQ N: N:
0DJD]\Q QDU]ฤ G]L 7\S .DUX]HORZ\ QD UDPLHQLX 3RMHPQRล รพ F] 0D[ ล UHGQLFD QDU]ฤ G]LD PP 0D[ GรฃXJRล รพ QDU]ฤ G]LD PP 0D[ ZDJD QDU]ฤ G]LD NJ :\EyU QDU]ฤ G]LD 6WDรฃ\ GRZROQ\ 3R]RVWDรฃH 3REyU PRF\ =DMPRZDQD SRZLHU]FKQLD ' 6] : :DJD
:\SRVDลงHQLH VWDQGDUGRZH ย RVรฃRQ\ ย FKรฃRG]HQLH ZU]HFLRQD ROHMHP ย FKรฃRG]HQLH V]DI\ HOHNWU\F]QHM ย DXWRPDW\F]QH Z\รฃฤ F]HQLH ]DVLODQLD ย SU]HGPXFK ZU]HFLRQD ย Rล ZLHWOHQLH URERF]H ย ODPS\ V\JQDOL]DF\MQH ย VNU]\QND QDU]ฤ G]LRZD ย NDUX]HORZ\ PDJD]\Q QDU]ฤ G]L JQLD]G
ย ล UXERZ\ WUDQVSRUWHU ZLyUyZ ย JZLQWRZDQLH V]W\ZQH ย LQWHUIHMV 56
:\SRVDลงHQLH RSFMRQDOQH ย LQWHUIHMV F]ZDUWHM RVL ย VWyรฃ REURWRZ\ &1& ย ZU]HFLRQR REU PLQ ย ZU]HFLRQR REU PLQ ย PDJD]\Q QDU]ฤ G]L QD UDPLHQLX JQLD]GD
ย รฃDฤธFXFKRZ\ WUDQVSRUWHU ZLyUyZ ย SDVRZ\ ร OWU ROHMX ย SU]HNรฃDGQLD =) ย VSรฃXNLZDQLH ZLyUyZ ย FKรฃRG]HQLH SU]H] QDU]ฤ G]LH ย WUDQVIRUPDWRU ย FKรฃRG]HQLH SU]H] ZU]HFLRQR
.9$ PP [ [ NJ
ZZZ HXURPHWDO FRP SO
3UHF\]\MQH ZU]HFLRQR
ย ย
: FHOX ]DSHZQLHQLD MDN QDMZ\ลงV]HM SUHF\]ML L QLH]DZRGQRล FL ZU]HFLRQD SU]HG PRQWDลงHP QD PDV]\Qฤ SU]HFKRG]ฤ GรฃXJLH L Z\F]HUSXMฤ FH WHVW\ :U]HFLRQR XรฃRลง\VNRZDQH MHVW QD SUHF\]\MQ\FK รฃRลง\VNDFK VNRล Q\FK 1DSฤ G SU]HQRV]RQ\ MHVW ]D SRPRFฤ SU]HNรฃDGQL SDVRZHM 6WDQGDUGRZD PDNV\PDOQD SUฤ GNRล รพ REURWRZD ZU]HFLRQD Z\QRVL REU PLQ ,VWQLHMH PRลงOLZRล รพ Z\SRVDลงDQLD PDV]\Q\ ZH ZU]HFLRQR RVLฤ JDMฤ FH L REU PLQ
6SHF\ร NDFMD 02'(/
-('1
-09
ย 3U]HVXZ\ 2ล ; 2ล < 2ล = 2G NRฤธFyZNL ZU]HFLRQD GR SRZLHU]FKQL VWRรฃX URERF]HJR
PP PP PP PP
6Wyรฃ URERF]\ 3RZLHU]FKQLD 2EFLฤ ลงDQLH 6]HURNRล รพ URZNyZ WHRZ\FK
PP NJ V PP
[ [ [
:U]HFLRQR 6WRลงHN 3Uฤ GNRล รพ REURWRZD 1DSฤ G &KรฃRG]HQLH 6LOQLN
%7 %7 RSFMD
2EU PLQ RS
SDVRZ\ ROHMHP N:
3RVXZ\ 3U]\VSLHV]RQ\ ; < 3U]\VSLHV]RQ\ = 5RERF]\ 6HUZRPRWRU )DQXF 6HUZRPRWRU 0LWVXELVKL
P PLQ P PLQ PP PLQ N: N:
0DJD]\Q QDU]ฤ G]L 7\S .DUX]HORZ\ QD UDPLHQLX 3RMHPQRล รพ F] 0D[ ล UHGQLFD QDU]ฤ G]LD PP 0D[ GรฃXJRล รพ QDU]ฤ G]LD PP 0D[ ZDJD QDU]ฤ G]LD NJ :\EyU QDU]ฤ G]LD 6WDรฃ\ GRZROQ\ 3R]RVWDรฃH 3REyU PRF\ =DMPRZDQD SRZLHU]FKQLD ' 6] : :DJD
:\SRVDลงHQLH VWDQGDUGRZH ย RVรฃRQ\ ย FKรฃRG]HQLH ZU]HFLRQD ROHMHP ย FKรฃRG]HQLH V]DI\ HOHNWU\F]QHM ย DXWRPDW\F]QH Z\รฃฤ F]HQLH ]DVLODQLD ย DXWRPDW\F]Q\ XNรฃDG VPDURZDQLD ย SU]HGPXFK ZU]HFLRQD ย Rล ZLHWOHQLH URERF]H ย ODPS\ V\JQDOL]DF\MQH ย VNU]\QND QDU]ฤ G]LRZD ย NDUX]HORZ\ PDJD]\Q QDU]ฤ G]L JQLD]G
ย ล UXERZ\ WUDQVSRUWHU ZLyUyZ ย JZLQWRZDQLH V]W\ZQH ย LQWHUIHMV 56
:\SRVDลงHQLH RSFMRQDOQH ย LQWHUIHMV F]ZDUWHM RVL ย VWyรฃ REURWRZ\ &1& ย ZU]HFLRQR REU PLQ ย ZU]HFLRQR REU PLQ ย PDJD]\Q QDU]ฤ G]L QD UDPLHQLX JQLD]GD
ย รฃDฤธFXFKRZ\ WUDQVSRUWHU ZLyUyZ ย SDVRZ\ ร OWU ROHMX ย SU]HNรฃDGQLD =) ย VSรฃXNLZDQLH ZLyUyZ ย FKรฃRG]HQLH SU]H] QDU]ฤ G]LH ย WUDQVIRUPDWRU ย FKรฃRG]HQLH SU]H] ZU]HFLRQR
.9$ PP [ [ NJ
ZZZ HXURPHWDO FRP SO
6SHF\ร NDFMD 02'(/
-('1
-09
ย 3U]HVXZ\ 2ล ; 2ล < 2ล = 2G NRฤธFyZNL ZU]HFLRQD GR SRZLHU]FKQL VWRรฃX URERF]HJR
PP PP PP PP
6Wyรฃ URERF]\ 3RZLHU]FKQLD 2EFLฤ ลงDQLH 6]HURNRล รพ URZNyZ WHRZ\FK
PP NJ PP
[ [ [
:U]HFLRQR 6WRลงHN %7 ,62
3Uฤ GNRล รพ REURWRZD 2EU PLQ =DNUHV\ SUฤ GNRล FL ยฒ UHJXODFMD EH]VWRSQLRZD / + 1DSฤ G SDVRZ\ &KรฃRG]HQLH ROHMHP 6LOQLN N: 3RVXZ\ 3U]\VSLHV]RQ\ ; < 3U]\VSLHV]RQ\ = 5RERF]\ 6HUZRPRWRU )DQXF 6HUZRPRWRU 0LWVXELVKL
P PLQ P PLQ PP PLQ N: N:
:\SRVDลงHQLH VWDQGDUGRZH ย RVรฃRQ\ ย FKรฃRG]HQLH ZU]HFLRQD ROHMHP ย FKรฃRG]HQLH V]DI\ HOHNWU\F]QHM ย DXWRPDW\F]QH Z\รฃฤ F]HQLH ]DVLODQLD ย DXWRPDW\F]Q\ XNรฃDG VPDURZDQLD ย SU]HGPXFK ZU]HFLRQD ย Rล ZLHWOHQLH URERF]H ย ODPS\ V\JQDOL]DF\MQH ย VNU]\QND QDU]ฤ G]LRZD ย PDJD]\Q QDU]ฤ G]L QD UDPLHQLX JQLD]G
ย JZLQWRZDQLH V]W\ZQH ย LQWHUIHMV 56
:\SRVDลงHQLH RSFMRQDOQH ย VWyรฃ REURWRZ\ &1& ย รฃDฤธFXFKRZ\ WUDQVSRUWHU ZLyUyZ ย SDVRZ\ ร OWU ROHMX ย VSรฃXNLZDQLH ZLyUyZ ย WUDQVIRUPDWRU ย FKรฃRG]HQLH SU]H] ZU]HFLRQR ย SLRQRZ\ PDJD]\Q QDU]ฤ G]L JQLD]GD
0DJD]\Q QDU]ฤ G]L 7\S QD UDPLHQLX 3RMHPQRล รพ V]W 0D[ ล UHGQLFD QDU]ฤ G]LD PP 0D[ GรฃXJRล รพ QDU]ฤ G]LD PP 0D[ ZDJD QDU]ฤ G]LD NJ :\EyU QDU]ฤ G]LD GRZROQ\ 3R]RVWDรฃH 3REyU PRF\ =DMPRZDQD SRZLHU]FKQLD ' 6] : :DJD
.9$ PP [ [ NJ
ZZZ HXURPHWDO FRP SO
'LDJQRVW\ND EDOO EDU
'LDJQRVW\ND EDOO EDU XPRŧOLZLD EDUG]R GRNãDGQć UHJXODFMĕ JHRPHWULL RUD] HOLPLQDFMĕ OX]yZ PDV]\Q\
3RPLDU\ ODVHURZH
3RPLDU\ ODVHURZH SR]ZDODMć QD X]\VNDQLH Z\VRNLHM GRNãDGQRŋFL UXFKyZ OLQLRZ\FK RUD] VNRNX ŋUXE\ WRF]QHM
,QVSHNFMD
0DV]\Q\ SU]HG Z\V\ãNć SUDFXMć QLHSU]HUZDQLH SU]H] JRG]LQ\ 7HVW REUyENL 6SUDZG]HQLH V]F]HOQRŋFL ]ELRUQLNyZ 6SUDZG]HQLH SUDZLGãRZRŋFL G]LDãDQLD PDV]\Q\
6WHURZQLNL &1&
ย
0,768%,6+, 0 0 9 -DSDQ
ย
)$18& RL 0' L 0% -DSDQ
ย
)$*25 0$ 0% 6SDLQ
3DQHO NRQWUROQ\
ย
2GSRUQH QD XV]NRG]HQLD SU]\FLVNL DNU\ORZH
ล UXE\ WRF]QH
ย
3UHF\]\MQH ล UXE\ WRF]QH NODV\ & RGSRUQH QD QDSUฤ ลงHQLD WHUPLF]QH
0DJD]\Q NDUX]HORZ\ VWDQGDUG
ย
3RMHPQRล รพ PDJD]\QX GR QDU]ฤ G]L 6]\END VWDรฃD Z\PLDQD QDU]ฤ G]L
0DJD]\Q QD UDPLHQLX RSFMD
ย
3RMHPQRล รพ PDJD]\QX GR OXE QDU]ฤ G]L 'ZXNLHUXQNRZD GRZROQD V]\END ]PLDQD QDU]ฤ G]L
ZZZ HXURPHWDO FRP SO
:\SRVDลงDQLH VWDQGDUGRZH L RSFMRQDOQH
3URZDGQLFH OLQLRZH
6HUZRPRWRU\ ] QDSฤ GHP EH]SRล UHGQLP
ย
ย
3UHF\]\MQH SURZDGQLFH OLQLRZH R V]HURNRล FL PP
ล UXE\ WRF]QH WU]HFK RVL QDSฤ G]DQH Vฤ ]D SRPRFฤ VHUZRPRWRUyZ ] QDSฤ GHP EH]SRล UHGQLP =DSHZQLD WR EDUG]R Z\VRNฤ GRNรฃDGQRล รพ SR]\FMRQRZDQLD
6SรฃXNLZDQLH ZLyUyZ RSFMD
ย
3R REX VWURQDFK VWRรฃX URERF]HJR ]QDMGXMฤ VLฤ SR WU]\ G\V]ฤ VSรฃXNXMฤ FH ZLyU\
&KรฃRG]HQLH V]DI\ HOHNWU\F]QHM
&KรฃRGQLFD ROHMX ZU]HFLRQD
2ล ZLHWOHQLH URERF]H
ย
ย
ย
=DSHZQLHQLH VWDรฃHM WHPSHUDWXU\ V]DI\ HOHNWU\F]QHM NRU]\VWQLH ZSรฃ\ZD QD G]LDรฃDQLH XNรฃDGX L NRPSRQHQWyZ HOHNWU\F]Q\FK
&KรฃRGQLFD ]DSHZQLD RGSRZLHGQLฤ WHPSHUDWXUฤ ROHMX FKรฃRG]ฤ FHJR ZU]HFLRQR ]DEH]SLHF]DMฤ F MH SU]HG RGNV]WDรฃFHQLHP FLHSOQ\P
ZZZ HXURPHWDO FRP SO
0DV]\QD Z\SRVDลงRQD MHVW Z Rล ZLHWOHQLH URERF]H SRรฃฤ F]RQH ] ODPSฤ V\JQDOL]DF\MQฤ
:U]HFLRQR ] SU]HNãDGQLć SDVRZć
:U]HFLRQR ] QDSĕGHP EH]SRŋUHGQLP
3UĕGNRŋFL REU PLQ
âDĸFXFKRZ\ WUDQVSRUWHU ZLyUyZ
3UĕGNRŋFL REU PLQ
ŊUXERZ\ WUDQVSRUWHU ZLyUyZ
&]ZDUWD Rŋ ² VWyã REURWRZ\ &1&
6Wyã REURWRZ\ ŋUHGQLFD OXE PP GOD -09 -09 6Wyã REURWRZ\ ŋUHGQLFD OXE PP GOD -09
3DVRZ\ ÀOWU ROHMX
)LOWU VãXŧ\ GR RGG]LHOHQLD ROHMX RG FKãRG]LZD
(XURPHWDO 6S ] R R %DQLQR . *GDQVND 0LV]HZNR WHO ID[ ZZZ HXURPHWDO FRP SO HXURPHWDO#HXURPHWDO FRP SO %LXUR +DQGORZH L PDJD]\Q QU ZH :URFãDZLX :URFãDZ XO .UDNRZVND WHO ID[ HPDLO ZURFODZ#HXURPHWDO FRP SO ZZZ HXURPHWDO FRP SO