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#BEBMPOB FT DPOWFSUFJY FO MB DJVUBU BNC NÏT NËHJB -B DJVUBU T PNQMF EF NËHJB DPN DBEB BOZ EFT EF GB VOB EÒDBEB BNC FM 'FTUJWBM *OUFSOBDJPOBM EF .ËHJB Ò .FNPSJBM -J $IBOH FM DFSUBNFO EF NËHJB NÏT JNQPSUBOU EF $BUBMVOZB J VO EFMT NÏT SFDPOFHVUT EF M &TUBU # B E B M P O B t - B D J V U BU SFU IPNFOBUHF EFT EF GB EFV BOZT B +PBO 'PSOT J +PSEBOB RVF WB TFS FM NBH DBUBMË EF NÏT SFOPN EFM TFHMF 99 J GPV SFDMBNBU BMT FTDFOBSJT E BSSFV EFM NØO QFM TFV BSU EF M FOHBOZ 'PSO NÏT DPOFHVU DPN -J $IBOH FSB CBEBMPOÓ J WB NPSJS M BOZ %FT EF GB EFV BOZT #BEBMPOB FM SFDPSEB DBEB BOZ B USBWÏT EFM 'FTUJ WBM *OUFSOBDJPOBM EF .ËHJB &OHVBOZ FM DFSUBNFO BSSJCB DBSSFHBU EF OPWFUBUT J OPWFT QSPQPTUFT J BNC MB QBSUJDJ QBDJØ EF NBHT EF SFDPOFHVU QSFTUJHJ JOUFSOBDJPOBM J QFS MFT BDUVBDJPOT EFM +PSHF #MBTT J .BH -BSJ BM 5FBUSF ;PSSJMMB 5SPCBEB EF NBHT BRVFTU EJVNFOHF B MB QMBÎB EFM .BH -J $IBOH $PJODJEJOU BNC FM EFTÒ BOJWFS TBSJ J BNC MB $BQJUBM $VMUVSBM $BUBMBOB EF #BEBMPOB BRVFTU BOZ FM 'FTUJWBM QSFTFOUBSË MB QSJNFSB 5SPCBEB EF .BHT EF $BUBMVOZB -B CBEBMPOJOB
3FQPSUBUHF 1BH JOEE
NB E FOHVBOZ TFSË MB NPTUSB RVF T JOBVHVSBSË EJKPVT WJOFOU EF GFCSFS BM 3FGVHJ EF MB 1MBÎB EF MB 7JMB -B NPTUSB RVF QPSUB QFS UÓUPM i&MT *NQPT TJCMFT EF MB $JÒODJBw CBSSFKB MB DJÒODJB BNC MB NËHJB iQPTTJ CMFw J MB NËHJB iFWJEFOUw BNC MB DJÒODJB RVF FOT PCSJSË FMT VMMT BMT USVDT < > %F M EF GFCSFS BM EF NBSÎ BM 3FGVHJ
QMBÎB EFM .BH -J $IBOH TJUVB EB M CBSSJ EFM 3BWBM J EFEJDB EB BM NBH RVF EØOB OPN BM 'FTUJWBM *OUFSOBDJPOBM TFSË MB TFV EF MB QSJNFSB 5SPCBEB EF .BHT EF $BUBMVOZB - BDUF RVF UJOESË MMPD BRVFTU E J V N F O H F E F G F C S F S D P N F O Î BS Ë B M F T I BNC VOB YPDPMBUBEB QPQVMBS %F MFT B MFT I IJ IBVSË VOB mSB BNC MFT BTTPDJBDJP OT NËHJRVFT EF $BUBMVOZB J BNC BDUVBDJPOT DPOUJOVB EFT J TJNVMUËOJFT 5BNCÏ IJ IBVSË UBMMFST EF NËHJB QFS BMT NÏT QFUJUT " MFT I UJOESË MMPD VOB BDUVBDJØ EF HSBOT JMtMVTJPOT BNC FM NBH "MJT ,JN J -MVOB < > 5SPCBEB EF .BHT EF $BUBMVOZB EJVNFOHF EF GFCSFS EF MFT I B MFT I B MB QMBÎB -J $IBOH
5PU VO NFT EF GFCSFS BNC BDUFT &M 'FTUJWBM *OUFSOBDJPOBM EF . ËH J B T F H V JS Ë E VS B OU M F T Q S P Q F S F T T F U N B O F T B N C NPMUFT NÏT BDUJWJUBUT DPN MB QSFTFOU BD JØ E V O MMJ CSF EF MB IJTUÛSJB EF MB .ËHJB B $BUBMVOZB UBMMFST EF NËHJB B EJWFSTPT JOESFUT EF MB DJVUBU J MFT (BMFT *OUFSOBDJPOBMT EF .ËHJB RVF UJOESBO MMPD EVSBOU FM DBQ EF TFUNBOB EFM BM EF GFCSFS BM 5FBUSF ;PSSJMMB
&YQPTJDJØ BM 3FGVHJ TPCSF i&MT *NQPTTJCMFT EF MB $JÒODJBw 6OB BMUSB OPWFUBU EFM QSPHSB
< > XXX CBEBMPOB DBU
727 %DGDORQD
/$ 025(5$
3 /$ 6$/8'
//(),¬
3LVR ,'($/ 3$5(-$6 GH KDE EDxR \ FRFLQD UHIRUPDGRV VDOyQ FRPHGRU P JUHV DLUH IUtR FDORU FDUS DOXPLQLR ¼ 376
3LVR KDE EDxR FRQ GXFKD FRFLQD HTXLSDGD VDOyQ FRQ EDOFyQ D OD FDOOH DOWXUD SRFRV YHFLQRV ,'($/ 325 =21$ ¼ 376
*25* 3LVR -8172 *8,)5e WRGR H[WHULRU 5()250$'2 ¿QFD SRFRV YHFLQRV WRGRV ORV VHUYLFLRV VDOyQ P EDOFyQ /LVWR SDUD YLYLU ¼ 376
-72 3(3 9(1785$
%8)$/$
3LVR 72'2 (;7(5,25 FRQ KDE EDxR \ FRFLQD UHIRUPDGRV VDOyQ P EDOFyQ \ JDOHUtD PXFKD OX] /,672 3$5$ 9,9,5 376
3,62 FRQ KDE GREOHV 5()25 0$'2 VDOyQ P FDOHI DLUH DFRQG ¿QFD FRQ DVFHQVRU -8172 %,%/,27(&$ ¼ 376
6$17 $'5,¬
/$ 025(5$
3LVR 72'2 (;7(5,25 MXQWR LJOHVLD KDE 5()25 0$'2 VDOyQ HQ DPELHQWHV ¿QFD SRFRV YHFLQRV ¼ 376 &(1752
3LVR FRQ $6&(1625 HQ F 5$021 //8// KDE H[WHULRUHV DPXHEODGR \ 5()250$'2 ¼ 376
3LVR DSDUWDPHQWR P KDE H[W EDxR FRQ EDxHUD FRFLQD DELHUWD DO VDOyQ FDOHIDF D D SXHUWDV KD\D ¿QFD SRFRV YHFLQRV -8172 35,0 ¼ 376
&(175( 3LVR -8172 37( &203$1<6 GH P KDE H[WHULRUHV EDxR \ FRFLQD VDOyQ H[WHULRU $ 5()250$5 $ 68 *8672 2&$6,Ï1
3LVR KDE EDxR FRQ EDxHUD UHGRQGD FRFLQD FRQ SDVDSODWRV EDOFyQ D OD FDOOH FDOHIDF $6&(1 625 /LVWR SDUD YLYLU ¼ 376 3,62 3$5.,1* LQFO P KDE VDORQ P 72'2 (;7(5,25 FDOHIDF DLUH DFRQG DUP HPSRWUDGRV )DFLOLGDGHV GH SDJR ¼ 376
6$17 &(%5,$ '( 9$//$/7$ VXLWWH EDxRV EDOFyQ WHUUD]D P FDOHIDF SDUNLQJ LQFO ]RQD FRPX QLWDULD FRQ SLVFLQD 32&26 $f26
¼ 376
&$1<$'Ï
7,$1$
&DVD 3/$17$ %$-$ 3$7,2 P 7(55$=$6 KDE EDxR \ DVHR VDOyQ P FDOHIDF D D WUDVWHUR SRVLEOH HGL¿FDU SODQWDV PiV 08&+$6 326,%,/,'$'(6 ¼ 376
'83/(; P FRQVW KDE FRQ DUP HPSRWUDGRV EDxR \ DVHR VDOyQ P HQ DPELHQWHV 72'2 (;7( 5,25 DVF ¿QFD SRFRV DxRV SN RSF ¼ 376
)5217 0$5Ë7,0
&$1<(7
3LVR P 6(0, 18(92 FRQ ]RQD FRPXQLWDULD KDE VXLWWH DPSOLR EDOFyQ FDOHIDF DLUH DFRQG -8172 3/$<$ ¼ 376
727 %DGDORQD
QBHJOB JOEE
3LVR P SDWLR WHUUD]D P K GREOHV VXLWWH EDxRV FDOHIDF DLUH DFRQG -8172 3/$<$ ¼ 376
3LVR HQ %$/'20(52 62/¬ P K VXLWWH FRFLQD DELHUWD DO VDOyQ P H[WHULRU D OD FDOOH DVFHQVRU 5()250$'2 ¼ 376
&(175(
3LVR 6(0, 18(92 MXQWR &DQ 6ROHL P KDE EDOFyQ WHUUD]D P DLUH IUtR FDORU WRGR H[WHULRU SDUNLQJ RSF ¼ 376
&$6$*(0(6 3,62 3$5.,1* < 75$67(52 GH 2%5$ 18(9$ P WHUUD]D P K FRQ EDOFyQ EDxRV DLUH \ FDOHIDF SRFRV YHFLQRV DVF WRGR H[WHULRU ¼ 376
3LVR FRQ KDE GREOHV 5()25 0$'2 EDOFyQ D OD FDOOH FDOHIDF ¿QFD FRQ DVFHQVRU 0(-25 48( 18(92 ¼ 376
*25*
%8)$/¬
0$57Ë 38-2/
6,675(//6
3LVR 6(0, 18(92 P KDE FRFLQD DELHUWD DO VDOyQ EDOFyQ SDUNHW \ JUHV DLUH \ FDOHIDF DVFHQVRU 0(-25 48( 18(92 ¼ 376
3,62 3$5.,1* ,1&/ KDE EDxR \ FRFLQD UHIRUPDGRV VDOyQ LQGHSHQGLHQWH P EDOFyQ RULHQWDGR D PDU ¿QFD FRQ DVFHQVRU ¼ 376
3LVR 72'2 (;7(5,25 GH P KDE EDxR \ FRFLQD UHIRUPDGRV VXHOR JUHV FDOHIDF D DFRQG LQVW QXHYDV ¿QFD FRQ DVFHQVRU ¼ 376
672 &5,672
3LVR 5()250$'2 P KDE DQWHV EDxR F GXFKD FRFLQD FRQ EDOFyQ VDOyQ P HQ DPELHQ WHV H[W SDUNHW \ JUHV ¿QFD FRQ DVF ¼ 376
-8172 0(5&$'21$
&(175( 3LVR $ 0,18726 0! 3(3 9(1785$ KDE FRFLQD QXHYD FRQ HOHF WURGRP EDOFyQ D OD FDOOH SDUNHW \ JUHV FDOHIDF SRFRV YHFLQRV EXHQD ]RQD ¼ 376
3LVR ,'($/ 3$5(-$6 KDE GREOHV 72'2 5()250$'2 VDOyQ P H[WHULRU OLVWR SDUD YLYLU ¼ 376
//25('$
352*5e6
¼ 376
3LVR 72'2 (;7(5,25 K
0217*$7
&$6$ $ (675(1$5 GH P SDWLR KDE GREOHV EXKDUGLOOD EDxRV DVHRV JUDQ FRFLQD RI¿FH VDOyQ HVWDU P WHUUD]D P FDOHIDF JDUDMH SDUD FRFKHV WUDVWHUR ¼ 376
352*5e6 3LVR 6(0, 18(92 3. 75$67(52 7(55$=$ P K VXLWWH FDOHIDF DLUH DFRQG ]RQD FRPXQLWDULD FRQ SLVFLQD PXFKD OX] ¼ 376
RSLQLÓ
DPE YHX SUÒSLD "OFN UPUT DBQ B M FTDPMB %PMPST 4BCBUFS IUUQ CMPDT NFTWJMBXFC DBU NJP[[
%F UPUT FMT %SFUT )VNBOT FM ESFU B M FEVDBDJØ ÏT VO EFMT RVF UÏ NÏT JODJEÒODJB FO MB DPOTUSVDDJØ EFM GVUVS ÏT B EJS ÏT VO ESFU FM DPNQMJNFOU EFM RVBM UÏ DPOTFRàÒODJFT JNNF EJBUFT J DPOTFRàÒODJFT B MMBSH UFSNJOJ NPMU OPUBCMFT J NBTTJ WFT ²T VOB EF MFT QSJODJQBMT QSFPDVQBDJPOT EF MFT GBNÓMJFT BNC mMMT FO FEBU FTDPMBS J VOB EF MFT OFDFTTJUBUT CËTJRVFT RVF MFT BENJOJTUSBDJPOT OP QPEFO QBTTBS QFS BMU 6OB EF MFT FJOFT NÏT QPUFOUT EF RVÒ EJTQPTB FM OPTUSF 4JT UFNB &EVDBUJV QFS HBSBOUJS MB JHVBMUBU E PQPSUVOJUBUT J MB DPIFTJØ TPDJBM ÏT M FTDPMBSJUBU PCMJHBUÛSJB GJOT BMT BOZT OPNÏT HBSBOUJOU RVF MB UPUBMJ UBU EFMT JOGBOUT J KPWFT TFOTF DBQ FYDMVTJØ BTTJTUFJYJO BMT DFOUSFT FEVDBUJVT J QSPDVSBOU VOB FTDPMBSJU[BDJØ ÛQUJNB FO
MB TPDJFUBU BDUVBM J FM QFT EF M FEVDBDJØ OP GPSNBM J MB JOGPS NBM FO M ÒYJU mOBM ÏT VOB FWJ EÒODJB $BM DFMFCSBS FO BRVFTU TFOUJU RVF #BEBMPOB EFTFOWP MVQJ 1MBOT FEVDBUJVT E FOUPSO VOB QSPQPTUB JOOPWBEPSB JNQVMTBEB QFM %FQBSUBNFOU E &EVDBDJØ FO DPMtMBCPSBDJØ BNC M "KVOUBNFOU J RVF FT CB TB FO FM USFCBMM J M BQSFOFOUBUHF FO YBSYB EF UPUT FMT BHFOUT FEVDBUJVT E VOB [POB QFS HB SBOUJS DPOUJOVÕUBU J DPIFSÒODJB FEVDBUJWB J SFEVJS EFTJHVBM UBUT "SB RVF FTUFN FO QMF QFSÓPEF EF QSFJOTDSJQDJØ WPMESJB SF NBSDBS DPN B UFNB DMBV BJYÛ EF MB QMVSBMJUBU J MB JODMVTJWJUBU EFMT DFOUSFT FEVDBUJVT J EF MFT FOUJUBUT RVF PGFSFJYFO FEV DBDJØ OP GPSNBM M PQPSUVOJUBU E BQSFOESF B DPOWJVSF J EF EFTGFS QSFKVEJDJT RVF BQPSUFO FMT FTQBJT FEVDBUJVT QMVSBMT ÏT VOB JOWFSTJØ EF QSFTFOU J EF GVUVS RVF NBSDB J NBSDBSË MB DPIFTJØ TPDJBM J FM TFOUJU EF QFSUJOFOÎB B MB OPTUSB DJVUBU * BM QBÓT
RVÒ OP FT SFQSPEVFJYJO NF DËOJDBNFOU MFT EFTJHVBMUBUT J MFT NBODBODFT RVF DPNQPSUB M BDUVBM FTUSVDUVSB FDPOÛNJDB J TPDJBM QPESFN BDPOTFHVJS RVF M FTDPMBSJU[BDJØ TJHVJ VOB FJOB CËTJDB QFS B VO GVUVS NÏT FYJ UØT NÏT JHVBMJUBSJ J BNC NJMMPS DPOWJWÒODJB TPDJBM &O BRVFTU TFOUJU ÏT DMBV CVTDBS M ÒYJU FEVDBUJV QFS B UPUIPN J ÏT DMBV PGFSJS DPOUFYUPT QMVSBMT EF CBSSFKB FWJUBOU FTDPMBSJU[B DJPOT TFHSFHBEFT P HVFUJU[B EFT -B CBSSFKB ÏT CPOB QFSRVÒ FOTFOZB B DPOWJVSF J B EFTGFS QSFKVEJDJT FOUSF QFSTPOFT EF EJGFSFOU TFYF QSPDFEÒODJB TJUVBDJØ TPDJPFDPOÛNJDB DSFFOÎB SFMJHJPTB JEFPMPHJB DBSËDUFS DPOEJDJØ EF EJWFSTJUBU GVODJPOBM GÓTJDB TFOTPSJBM DPHOJUJWB NFOUBM E BUFODJØ J BNC EJGFSFOUT IBCJMJUBUT FY QFDUBUJWFT JOUFSFTTPT 3FMBDJPOFN FM ESFU B M FEVDBDJØ BNC FM ESFU B M FTDPMBSJU[BDJØ QFSRVÒ M FTDPMBSJUBU ÏT VO QVO UBM FO BRVFTU QSPDÏT QFSÛ MB NËYJNB EFM i UPU FEVDBw ÏT DBEB WFHBEB NÏT FWJEFOU FO
%FCVU BNC JOUSJHB FEJUPSJBM +PBO 4PMFS J "NJHØ
$PN B NFNCSF EFM +VSBU EFM 1SFNJ EF /PWFMtMB $JVUBU EF #B EBMPOB 4PMTUJDJ E &TUJV N IB DPNQMBHVU RVF M PCSB HVBOZB EPSB IBHJ NFSFTDVU VO BSUJDMF QSPV MMPBCMF B MFT QËHJOFT EF $VMUVSB EF i-B 7BOHVBSEJBw UJUVMBU "NËMJB -B GVFOUF EFCVU DPO JOUSJHB NÏEJ DB - PCSB $PEJ HFOÒUJD ÏT QSPV TVHHFSFOU 1BTTB FO VO JOTUJUVU EF SFDFSDB FO OFVSPDJÒODJFT FO VOB MÓOJB E JOWFTUJHBDJØ TPCSF M BM[IFJNFS 1FSÛ OP ÏT VO MMJCSF DJFOUÓmD TJOØ iVO UISJMMFS NÒEJDw FO QBSBVMFT EF MB DPNFOUB SJTUB 3PTB . 1J×PM 5SBDUB TPCSF M BQSPQJBDJØ EF MB EFT DPCFSUB E VOB CFDËSJB QFS QBSU EFM EJSFDUPS EFM DFOUSF EF MFT UFOTJPOT FOUSF UÒDOJDT QFS MFT QBUFOUT FONJH EF QBTTJPOT FOGSPOUBEFT - BVUPSB "NËMJB
0QJOJP 1BH JOEE
-BGVFOUF QFSUBOZ B BRVFTU DBNQ QSPGFTTJPOBM J TBQ BUSFVSF FM MFDUPS WFST BRVFTU VOJWFST UBO TVHHFTUJV DPN JOTPTQJUBU 'JOT BRVÓ QFSGFDUF $BEB BOZ M PCSB QSFNJBEB ÏT BUSBDUJWB UBOU M ®SFB EF $VMUVSB DPN "T TPDJBDJØ CBEBMPOJOB RVF DSFË BRVFTU QSFNJ BNC FM OPN EF 4PMTUJDJ E &TUJV DPN M FEJUPSJBM UFOFO DVSB EFM TFV OJWFMM EF RVBMJUBU 1FSÛ )P TFOUP QFSÛ IJ IB VO QFSÛ " i-B 7BOHVBS EJBw OP FT EJV FOMMPD RVF M PCSB WB NFSÒJYFS FM QSFNJ $JVUBU EF #BEBMPOB 4PMTUJDJ E &TUJV $FSU RVF OP ÏT FM 4BOU +PSEJ OJ FM -MVMM OJ FM $BSMFNBOZ OJ FM #FSUSBOB QFSÛ MB TFWB EPUBDJØ FM TJUVB FO VO OJWFMM QSPV EJHOF FO M ËNCJU DVMUVSBM DBUBMË *OUSJHB 2VJ T IB PCMJEBU EF SF DPSEBS IP i-B 7BOHVBSEJBw - BVUPSB - "KVOUBNFOU +P EJSJB RVF MFT &EJDJPOT 1SPB DSFBEFT QFS DFSU B #BEBMPOB M BOZ QFS .BSDFMtMÓ "OUJDI J +PTFQ
2VFSBMU BNC FM MFNB i/BWFHP B UPU WFOUw J FM TVQPSU EF 1PNQFV 'BCSB 6TVBMNFOU TØO MFT FEJ UPSJBMT MFT RVF FT GBO DËSSFD EF MB EJGVTJØ EFMT MMJCSFT RVF QVCMJ RVFO {)P UÏ QSPV DMBS MB 1SPB RVF ÏT M "KVOUBNFOU EF #BEB MPOB RVJ IJ BQPSUB MB EPUBDJØ FDPOÛNJDB {2VF RVBO VOB DJVUBU DPN #BEBMPOB EFDJEFJY QSPNPVSF VO QSFNJ BNC FM TFV OPN ÏT QFSRVÒ UÏ VOB IJTUÛSJB MJUFSËSJB EF QSPV WËMVB BNC VOB .BSJB "VSÒMJB $BQNBOZ VO +PBO "SHFOUÏ VO .ËSJVT 4BN QFSF VOB 4ÓMWJB 4PMFS J BNC VOB USBKFDUÛSJB DBQEBWBOUFSB DPN M &TQBJ #FUÞMJB P MFT NB UFJYFT &EJDJPOT 1SPB RVF BSB TF OT EFTDVJEFO &TQFSP RVF FO M BDUF EF QSFTFOUBDJØ EF MFT PCSFT QVCMJDBEFT FOT EPOBSBO VOB FYQMJDBDJØ E BRVFTUB JOUSJ HB * RVF BMNFOZT B MB GBJYB RVF FOWPMUB MB QPSUBEB DPOTUBSË FM OPN EFM QSFNJ EF RVÒ IB FTUBU NFSFJYFEPS
727 %DGDORQD
SXEOL UHSRUWDWJH
$BSMFT $BSWBKBM
$PNQSBS Z WFOEFS BSUÓDVMPT EF TFHVOEB NBOP QBSB DPNCBUJS MB DSJTJT "CJFSUB FO #BEBMPOB 3*4"4 VO OVFWP DPODFQUP EF UJFOEB EF BSUÓDVMPT EF 4FHVOEB .BOP {#VTDBT BMHÞO PCKFUP QBSB EFDPSBS FM CB×P {5F USBTMBEBT EF QJTP Z RVJFSFT SFOPWBS UVT NVFCMFT {2VJFSFT DBNCJBS UV BSNBSJP {/FDFTJUBT VOB DVOB EF CFCF 4J UF NVEBT EF DBTB Z OFDFTJUBT VOB FNQSFTB QBSB USBTMBEBS Z MJNQJBS UV EPNJDJMJP MMÈNBOPTy FO 3*4"4 UBNCJÏO UF BZVEBSFNPT Z OPT FODBSHBNPT EF UPEP *OGØSNBUF TJO OJOHÞO DPNQSPNJTP 5FOFNPT MPT QSFDJPT NÈT BKVTUBEPT 4FHÞO VO BDUVBM FTUVEJP FM EF MPT FTQB×PMFT DPNQSBO P WFOEFO BSUÓDVMPT VTBEPT Z MP DPOTJEFSBO MB NFKPS PQDJØO QBSB DPNCBUJS MPT i NBMPT UJFNQPTw "EFNÈT FM FTUBSÓB EJTQVFTUP B WFOEFS BMHVOB QFSUFOFODJB QSPQJB QPS DPOTFHVJS VO FYUSB BM NFT 1PDP B QPDP TF EFTUJFSSB FM NJUP EF RVF MP VTBEP TF WFOEF QPS BMHÞO NPUJWP TPTQFDIPTP -BT WFOUBKBT TPO NVDIBT UBOUP QBSB FM RVF DPNQSB DPNP QBSB FM RVF WFOEF $PO MPT UJFNQPT RVF DPSSFO OBEJF FTUÈ QBSB UJSBS OJOHÞO PCKFUP FO CVFO FTUBEP B MB CBTVSB 1PSRVF DBEB QFSTPOB FT VO NVOEP Z MP RVF UÞ ZB OP VUJMJ[BT QVFEF TFS EF BZVEB B PUSBT QFSTPOBT 1PS FTUF NPUJWP IB OBDJEP FO #BEBMPOB VO OVFWP DPODFQUP EF FTUBCMFDJNJFOUP EF TFHVOEB NBOP "IPSB CVTDBS BSUÓDVMPT EF TFHVOEB NBOP FT NVDIP NÈT GÈDJM FOUSB FO OVFTUSB UJFOEB Z FODVFOUSB MP RVF CVTDBT B MPT NFKPSFT QSFDJPT Z FO QFSGFDUP FTUBEP "S UÓD V M P T E F E F D PS BD J Ø O NVFCMFT DBNBT DVBESPT
1VCMJ3FQPSUBUHF3JTBT JOEE
FOTFSFT EFM IPHBS OFWFSBT BSNBSJPT BSUÓDVMPT EF QVFSJ DVMUVSBy 7FOEF Z DPNQSB UVT BSUÓDVMPT EF TFHVOEB NBOP FO 3*4"4 $PNQSBNPT UPEP UJQP EF BSUÓDV MPT &/ #6&/ &45"%0 QVFEFT USBFSMPT B OVFTUSB UJFOEB MB UBTBDJØO TF SFBMJ[B TPMP QFSTP OBMNFOUF DPO FM PCKFUP FO 1&3'&$ 50 &4 5"% 0 &O 3*4"4 BVO TJFOEP EJWFSUJEPT OPT MP UPNBNPT NVZ TFSJP 7FO B WJTJUBSOPT
&M 3JODØO EFM BSUJTUB ÞOJDP FO #BEBMPOB : QBSB MPT BSUJTUBT FO 3*4"4 UF PGSFDFNPT VO FTQBDJP QBSB UJ VO FTQBDJP TPMP DSFBEP QBSB MPT RVF TBCFO EF BSUF QJOUV SB P FTDVMUVSB 4J FSFT QJOUPS DFSBNJTUB FTDVMUPS WFO Z EÏKBOPT UVT DSFBDJPOFT 4FHVSP RVF UJFOFT DMJFOUFT QPUFODJBMFT Z FO OVFTUSP i3JODØO EFM BSUJTUBw QPESÈT PGSFDFS BRVFMMP RVF UBO CJFO TBCFT IBDFS *OGØSNBUF TJO DPNQSPNJTP FO OVFTUSP FTUBCMFDJNJFOUP OVFTUSP SJODØO UF FTUÈ FTQFSBOEP
DFWXDOLWDW
SHUVRQHV
$BSMFT 5PSOFSP
i"NC MB 5%5 5FMFWJTJØ #BEBMPOB UÏ FM GVUVS BTTFHVSBUw
+PBO .POUPSOÒT HFSFOU EF #BEBMPOB $PNVOJDBDJØ 4" &M QSPQFS EJVNFOHF EF GFCSFS 5FMFWJTJØ #BEBMPOB DFMFCSB FMT TFVT BOZT -B UFMFWJTJØ MPDBM CVGBSË MFT FTQFMNFT BM UFBUSF ;PSSJMMB FO VO QSPHSBNB FTQFDJBM RVF SFDPSEBSË VOB EÒDBEB E JNBUHFT $PSSJB M BOZ RVBO BQBSFJYJB QFS QSJNFSB WFHBEB MB NPTDB EF 57# BMT OPTUSFT UFMFWJTPST %FT E BMFTIPSFT M FNQSFTB IB EFJYBU FMT BOUJDT J QFUJUT FTUVEJT EFM DBSSFS EFM .BS QFS BOBS BM CBSSJ EF MB .PSFSB &M HFSFOU EF #BEBMPOB $PNVOJ DBDJØ EF M ÒQPDB +PSEJ 4PMFS FO WB TFS M BSUÓGFY J M BDUVBM SFTQPOTBCMF EF M FNQSFTB +PBO .POUPSOÒT T IB FODBSSFHBU EF GFS FM QBT EF M FSB BOBMÛHJDB B M FSB EJHJUBM * FMT BOJWFSTBSJT OP T BDBCFO BRVÓ QFSRVÒ M BOZ RVF WF 3ËEJP $JVUBU EF #BEBMPOB GBSË BOZT $PN IB FWPMVDJPOBU MB UFMFWJTJØ FO BRVFTUT BOZT )B FWPMVDJPOBU FO UPUT FMT TFOUJUT FO FM UFDOPMÛHJD FO FMT DPOUJOHVUT J TPCSFUPU FO MB TFWB QSFTÒODJB B #BEBMPOB 5FDOP MÛHJDBNFOU IFN GFU FM QBT EFM TJTUFNB BOBMÛHJD B MB 5%5 "JYÛ WPM EJS RVF M BOZ UFOÓFN M BVEJÒODJB B #BEBMP OB J BMT NVOJDJQJT WFÕOT J UBORVFN MB EÒDBEB USBOTGPS NBUT FO VOB UFMFWJTJØ E ËNCJU
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ƋƵĞ ĞŶƐ ŚĞŵ ĮĐĂƚ͘͟ ^ƌ͘ ĂƉĂƚĞͲ ƌŽ ƐăƉŝŐĂ ǀŽƐƚğ ƋƵĞ Ăŵď ůĞƐ ƐĞǀĞƐ ĚĞĐůĂƌĂĐŝŽŶƐ ŚĂ ĨŽŵĞŶƚĂƚ ͞ů͛ĂůĂƌŵĂ ƐŽĐŝĂů͘͟ ^ſŶ ŵŽůƚƐ ĞůƐ ƚƌĞďĂůůĂĚŽƌƐ Ž ƉĞƚŝƚƐ ĞŵƉƌĞƐĂƌŝƐ ƋƵĞ ƉŽƌƚĞŶ ĐŽŶƚƌŝďƵŝŶƚ Ăů ƐŝƐƚĞŵĂ Ăŵď ůĞƐ ƐĞǀĞƐ ĐŽƚŝƚnjĂĐŝŽŶƐ ŵĠƐ ĚĞ ϯϱ ĂŶLJƐ ƉĞƌ Ă ƉŽĚĞƌ ƚĞŶŝƌ ĚƌĞƚ Ă ůĂ ƐĞǀĂ ƉĞŶƐŝſ ĚĞ ũƵďŝůĂĐŝſ ŝ ƋƵĞ ĂƌĂ ͞ǀŽƐƚğ͟ ĐŽŵĞŶĕĂ Ă ŽŵƉůŝƌ ůĂ ƐĞǀĂ ŝůͻůƵƐŝſ ŝ ĞƐƉĞƌĂŶĕĂ ĚĞ ƉŽĚĞƌ ũƵďŝůĂƌͲƐĞ ĂůŐƵŶ ĚŝĂ Ăŵď ƵŶĂ ͞ƉĞŶƐŝſ ĚŝŐŶĂ͕͟ Ăŵď ŽŵďƌĞƐ ŝ ĨĂŶƚĂƐŵĞƐ͘ ĞƐ Ě͛ĂƋƵĞƐƚ ĚŝůůƵŶƐ Ğů ƚĞůğĨŽŶ ĚĞů ŶŽƐƚƌĞ ĚĞƐƉĂƚdž ŶŽ ŚĂ ƉĂƌĂƚ ĚĞ ƐŽŶĂƌ͕ ŝ ĞŶ ůĂ ŵĂũŽƌŝĂ Ě͛ŽĐĂƐŝŽŶƐ ƉĞƌ Ă ĚĞŵĂŶĂƌͲŶŽƐ ƋƵĞ ůŝ ĐĂůĐƵůĞŵ ƋƵŝŶĂ ƉĞŶƐŝſ ůŝ ƋƵĞĚĂƌă Ɛŝ ĞƐ ũƵďŝůĂ ĂƌĂ ƐĞŶƐĞ ĞƐƉĞƌĂƌ ĞůƐ ϲϱ ĂŶLJƐ͘ K ĚĞ ƋƵŝŶĂ ŵĂŶĞƌĂ ƉŽƚ ũƵďŝůĂƌͲ ƐĞ ĂŶƚŝĐŝƉĂĚĂŵĞŶƚ Ž ĐŽŵ ƉŽƚ ĂĐŽŵŝĂĚĂƌ Ă ĂƋƵĞůů ƚƌĞďĂůůĂͲ ĚŽƌ ƉĞƌ Ă ƉĂƐƐĂƌ Ă ů͛ĂƚƵƌ ŝ ƉĞƌ Ă ƉŽĚĞƌ ũƵďŝůĂƌͲƐĞ ŝŵŵĞĚŝĂƚĂͲ ŵĞŶƚ͕ ƉŽĚĞƌ͕ Ğů ƋƵĞ ǀŽƐƚğ ŝ Ğů ƐĞƵ 'ŽǀĞƌŶ ĚĞ ĨŽƌŵĂ ŵĞƐ ƋƵĞ
ĞŶĐĞƌƚĂĚĂ ǀŽůŝĞŶ ƐŽůƵĐŝŽŶĂƌ͕ ŚĂŶ ĂĐŽŶƐĞŐƵŝƚ Ăŵď ůĂ ƐĞǀĂ ŝŵƉƌŽǀŝͲ ƐĂĐŝſ͕ ŝ ũĂ ǀĞƵƌĞŵ ĐŽŵ ƋƵĞĚĂ ƚŽƚ͕ ũƵƐƚ ů͛ĞĨĞĐƚĞ ĐŽŶƚƌĂƌŝ͕ ŝ͕ Ě͛ŚĂǀĞƌ ƉĞŶƐĂƚ Ăŵď ĂŶƚĞƌŝŽƌŝƚĂƚ ƐŽďƌĞ ů͛ĞĚĂƚ ƌĞĂů ĚĞ ũƵďŝůĂĐŝſ ƉŽĚĞƌ ůĂ ĨŽƌŵĂ ĚĞ ƉƌĞƐĞŶƚĂƌ ĂƋƵĞƐƚĂ ƋƺĞƐƚŝſ ƚĂŶ ĚĞůŝĐĂĚĂ ŚĂŐƵĠƐ ƟŶŐƵƚ ĂůƚƌĞƐ ĞĨĞĐƚĞƐ͕ ŝ ŶŽ Ğů ƉăŶŝĐ ƐŽĐŝĂů ĐƌĞĂƚ ƉĞƌ ǀŽƐƚğƐ͘ ^ŝ ĐĂů ƌĞĨŽƌŵĂƌ Ğů ƐŝƐƚĞŵĂ ĚĞ ƉĞŶƐŝŽŶƐ͕ ĨĂĐŝͲŚŽ͕ Ɛŝ ĐĂů ƉƌĞŶĚƌĞ ĚĞĐŝƐŝŽŶƐ ŝŵƉŽƉƵůĂƌƐ͕ ĨĂĐŝͲŚŽ͕ ƉĞƌž ƋƵĂŶ ŚŽ ƟŶŐƵŝ ĐůĂƌ͕ ĞdžƉůŝͲ ƋƵŝ ĚĞ ĨŽƌŵĂ ƚƌĂŶƐƉĂƌĞŶƚ ůĂ ƚƌĂŶƐŝƚŽƌŝĞƚĂƚ ĚĞ ůĂ ĨƵƚƵƌĂ >ůĞŝ Ž ĞĐƌĞƚ͘ ^ĞŐƵƌ ƋƵĞ ƟŶĚƌă ŵŽƟƵƐ ƉĞůƐ ƋƵĞ ĞŶƐ ǀĞŝĞŵ ŽďůŝŐĂƚƐ Ă ƉƌĞŶĚƌĞ ĂƋƵĞƐƚĂ ĚĞĐŝƐŝſ͕ ŝ ĐŽŵ ĂĨĞĐƚĂƌă͕ ƉŽƚ Ž ŶŽ ĂĨĞĐƚĂƌͲůŝ ĞŶ ůĂ ͞ŝŶƚĞŶĐŝſ ĚĞ ǀŽƚ͕͟ ƉĞƌž͕ ƵŶ ƐƚĂĚŝƐƚĂ ĠƐ ĂƋƵĞůů ƋƵĞ ĐƵŝĚĂ Ğů ƐĞƵ ƉŽďůĞ ĐŽŵ ƵŶ ďŽŶ ƉĂƌĞ ĚĞ ĨĂŵşůŝĂ ŝ ŶŽ Ğů ƋƵĞ ƉƌĞŶ ĂƋƵĞůůĞƐ ĚĞĐŝƐŝŽŶƐ ƋƵĞ ƉƵŐƵŝŶ ͞ƷŶŝĐĂͲ ŵĞŶƚ͟ ĂĨĂǀŽƌŝƌͲůŽ Ă ůĞƐ ƵƌŶĞƐ͘ :ŽƐĞƉ DĂƌŝĂ WƵĞŶƚĞ sŝĐĞƉƌĞƐŝĚĞŶƚ ĚĞ ůĂ &
WăŐŝŶĂ ĚΖŝŶĨŽƌŵĂĐŝſ ĞŵƉƌĞƐĂƌŝĂů ĚĞ ůĂ &ĞĚĞƌĂĐŝſ ŵƉƌĞƐĂƌŝĂů ĚĞ ĂĚĂůŽŶĂ QBH JOEE
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