Návod k použití PANASONIC SC-PM86D

[. . . ] 328ä, 7Ë ý(6. < 9L] VWUDQ\ L D ý Då ý ý(6. < =9/Èâ71Ë 32=1È0. < z 7RWR ]Dt]HQt Y\KRYXMH SHGSLV|P ((& D ((& MDN MH VWDQRYHQR GRGDWNHP ((& z 3RNXG MH WODþtWNR 2167$1'%< QDVWDYHQR GR SRORK\ 67$1'%< ]Dt]HQt MH L SHVWR SRG QDS WtP 3RNXG MH WODþtWNR 2167$1'%< QDVWDYHQR GR SRORK\ 67$1'%< ]Dt]HQt O]H VSXVWLW UHåLPHP þDVRYDþH QHER GiONRYêP RYODGDþHP 8SR]RUQ Qt =Dt]HQt QHREVDKXMH þiVWL NWHUp E\ VL PRKO XåLYDWHO ViP RSUDYLW 1HVXQGDYHMWH NU\W SRNXG QHMVWH RVRERX N WRPX NYDOLILNRYDQRX 7RWR ]Dt]HQt MH SRG QDS WtP SURWR SHG MDNRXNROLY VHUYLVQt þLQQRVWt RGSRMWH ]Dt]HQt QHMSUYH ]H ]GURMH WRWpå SURYHkWH SRNXG VH ]Dt]HQt GORXKRGRE QHSRXåtYi z 8SR]RUQ Qt &KUDtWH ]Dt]HQt SHG NRQWDNWHP V YRGRX ]DEUiQtWH WtP PRåQRVWL Y]QLNX ]NUDWX 1D ]Dt]HQt QHSRNOiGHMWH åiGQp SHGP W\ SOQ Qp WHNXWLQRX QDS Yi]\ 9ODVWQRVWL ODVHURYp GLRG\ 0DWHULiO *D$, $V 9OQRYi GpOND QP 7UYiQt HPLVH QHSHWUåLWp /DVHURYê YêVWXS PD[ P: z $XGLRYL]XiOQt PDWHULiO P|åH REVDKRYDW þiVWL NWHUp QHO]H NRStURYDW EH] SHG FKR]tKR RSUiYQ Qt PDMLWHOH DXWRUL]DþQtKR SUiYD 8MLVW WH VH SURVtP R W FKWR SUiYQtFK PRåQRVWHFK YDãt ]HP z 7HQWR YêUREHN MH R]QDþHQ MDNR /$6(529é 9é52%(. [. . . ] 7Ë'< z 832=251 1Ë 3RXåtYiQt MLQêFK RYOiGDFtFK SUYN| UHJXOiWRU| QHER SRVWXS| QHå MDNp MVRX XYHGHQ\ Y WRPWR QiYRGX P|åH YpVW N QHEH]SHþQpPX UDGLDþQtPX RKURåHQt /DVHURYê SDSUVHN SRXåtYDQê Y WRPWR ]Dt]HQt P|åH SRãNRGLW ]UDN SURWR VH QHSRNRXãHMWH RGVWUDtRYDW NU\W ]Dt]HQt 9 NDåGpP StSDG SHQHFKWH VHUYLV NYDOLILNRYDQêP RVREiP 832=251 1Ë 9 3Ë3$' 27(9(1Ë -('127. < 9é6. <7 1(9, ', 7(/1e+2 /$6(529e+2 =È(1Ë 1('Ë9(-7( 6( '2 3$356. 8 $1, -(- 1(=. 280(-7( 237, &. é0, 1È6752-, i 01/12/20 C-XP200-C. fm SC-PM86D ý(6. < ÒYRG ý(6. < 2EVDK T 2EHFQp LQIRUPDFH T 3HG SRXåLWtP 6WUDQD 8SR]RUQ Qt 2YOiGDFt SUYN\ D LQGLNiWRU\ 'iONRYê RYODGDþ =DSRMHQt V\VWpPX ' NXMHPH åH MVWH VL Y\EUDOL SUiY YêUREHN ]QDþN\ 6+$53 3RNXG MHM FKFHWH SRXåtYDW RSWLPiOQtP ]S|VREHP SHþW WH VL SURVtP G|NODGQ WHQWR QiYRG 3URYHGH YiV IXQNFHPL YDãHKR YêURENX ]QDþN\ 6+$53 3tVOXãHQVWYt 8MLVW WH VH SURVtP åH PiWH YãHFKQ\ QiVOHGXMtFt þiVWL T =iNODGQt RYOiGiQt T 3HKUiYiQt &' 2YOiGiQt ]YXNX 1DVWDYHQt þDVX 3RVOHFK &' 2SDNRYDQp SHKUiYiQt 1iKRGQp SHKUiYiQt 1DSURJUDPRYDQp SHKUiYiQt 2EHFQp LQIRUPDFH ÒYRG3tVOXãHQVWYt2EVDK 'iONRYê RYODGDþ %DWHULH W\SX Ä$$$³ 80 5 +3 QHER SRGREQp T 5iGLR /DG Qt 8ORåHQt VWDQLFH =YROHQt VWDQLFH ] SHGYROE\ 9êE U VWDQLFH ] SHGYROHE 9\PD]iQt SHGYROHE ] SDP WL T 3HKUiYiQt ND]HW\ 5iPRYi DQWpQD $0 $QWpQD )0 3RVOHFK PDJQHWRIRQRYp ND]HW\ 7$3( QHER 7$3( T 1DKUiYiQt QD ND]HWX 3R]QiPND 6H ]Dt]HQtP MH GRGiYiQR SRX]H XYHGHQp StVOXãHQVWYt 1DKUiYiQt ] &' 1DKUiYiQt ] UiGLD 1DKUiYiQt ] ND]HW\ QD ND]HWX 9\PD]iYiQt QDKUDQêFK ND]HW T 3RNURþLOp IXQNFH T 2GND]\ 3RXåLWt 5'6 )XQNFH þDVRYDþH D þDVRYDQpKR Y\SQXWt 5R]ãtHQt YDãHKR V\VWpPX 2GVWUDQ Qt SRUXFK ÒGUåED 7HFKQLFNp ~GDMH ý 02/02/21 Cxp2001. fm 8SR]RUQ Qt T 2EHFQ z 8MLVW WH VH SURVtP åH ]Dt]HQt MH XPtVW QR QD GREH Y WUDQpP PtVW D Pi GRVWDWHN YROQpKR PtVWD DOHVSRt FP SR RERX ERþQtFK VWUDQiFK VKRUD L QD VWUDQ ]DGQt &';3+ T 2YOiGiQt KODVLWRVWL ÒURYHt ]YXNX QDVWDYHQp KODVLWRVWL ]iOHåt QD YêNRQX UHSURGXNWRUX MHKR XPtVW Qt D PQRKD GDOãtFK IDNWRUHFK 'RSRUXþXMHPH YiP QHSHStQDW KODGLQX ]YXNX þHPXå ]DEUiQtWH SRVOHFKHP KXGE\ QD VWHGQt ~URYQL D QHY\XåtYiQtP NUDMQtFK PRåQRVWt UH JXOiWRUX KODVLWRVWL ý(6. < 10 cm 10 cm 10 cm T 3pþH R NRPSDNWQt GLVN\ 10 cm . RPSDNWQt GLVN\ MVRX RGROQp SURWL SRãNR]HQt SHVWR VH DOH P|åH REMHYLW GLVIXQNFH ]S|VREHQi QDKURPDG QtP QHþLVWRW QD SRYUFKX GLVNX 0D[LPiOQt HIHNWLYLW\ YDãHKR ]Dt]HQt D YDãLFK &' GRViKQHWH GRGUåRYiQtP QiVOHGXMtFtFK LQVWUXNFt z 1HSLãWH QD VWUDQX GLVNX ]H NWHUp MVRX þWHQD GDWD 7HQWR SRYUFK QLMDN QHR]QDþXMWH z &KUDtWH YDãH GLVN\ SHG StPêP VOXQHþQtP ]iHQtP WHSOHP D ]YêãHQRX YOKNRVWt z &' GUåWH YåG\ ]D MHKR RNUDMH 2WLVN\ QHþLVWRW\ D YRGD QD GLVNX PRKRX ]S|VRELW ãXP QHER ãSDWQp SHKUiYiQt GDW 3RNXG MH &' ]QHþLãW Qp QHER QHQt SHKUiYiQR VSUiYQ RþLVW WH KR P NNêP VXFKêP KDGtNHP VP UHP RG VWHGX YHQ SR VSLUiOH z =Dt]HQt XPtVW WH QD KODGNê YRGRURYQê SRYUFK EH] YLEUDFt z &KUDtWH ]Dt]HQt SHG StPêP VOXQHþQtP ]iHQtP VLOQêPL PDJQHWLFNêPL SROL QDGP UQêP SUDFKHP YOKNRVWt D HOHNWURQLFNêPLHOHNWULFNêPL ]Dt]HQtPL GRPiFt SRþtWDþH VSRWHELþH DWG NWHUp Y\WYiHMt HOHNWULFNp YOQ Qt z 1HSRNOiGHMWH QD ]Dt]HQt åiGQp SHGP W\ z 1HY\VWDYXMWH ]Dt]HQt YOKNRVWL WHSORWiP Y\ããtP QHå & QHER QDRSDN WHSORWiP H[WUpPQ Qt]NêP z 3RNXG YDãH ]Dt]HQt SHVWDQH VSUiYQ IXQJRYDW RGSRMWH KR RG VtzRYpKR ]GURMH 3RWRP NDEHO RS W ]DSRMWH D ]Dt]HQt ]DSQ WH z 9 StSDG ERXN\ RGSRMWH UDG ML ]Dt]HQt ]H ]iVXYN\ z 3L RGSRMRYiQt NDEHOX ]H ]iVXYN\ MHM XFKRSWH ]D RFKUDQQê NU\W DE\VWH WDKHP QHSRãNRGLOL Q NWHUê ] NDEHO| YH VW Q z 1LNG\ QHRGVWUDtXMWH RFKUDQQê SOiãz ]Dt]HQt PRKOR E\ GRMtW NH ]NUDWX 2EUDzWH VH QD Yiã PtVWQt VHUYLV 6+$53 NWHUê RSUDY\ SURYHGH z 9 WUiQt ]Dt]HQt E\ QHP OR EêW RPH]HQR XFSiQtP Y WUDFtFK RWYRU| U|]QêPL SHG P W\ QDS QRYLQDPL XEUXV\ ]iFORQDPL DWG z 1D ]Dt]HQt QHSRNOiGHMWH åiGQê RWHYHQê RKHt MDNR MVRX QDS ]DSiOHQp VYtþN\ z %DWHULH E\VWH P OL OLNYLGRYDW SRGOH PtVWQtFK SUDYLGHO FKUiQtFtFK åLYRWQt SURVWHGt z =Dt]HQt MH NRQVWUXRYiQR SUR SRXåLWt Y PtUQêFK NOLPDWLFNêFK SRGPtQNiFK z =Dt]HQt E\ P OR EêW SRXåtYiQR SRX]H Y WHSORWiFK RG & GR & 1( $12 6SUiYQ 8SR]RUQ Qt 3RXåLWp QDS Wt PXVt EêW VKRGQp V WtP NWHUp MH XYHGHQp QD ]Dt]HQt 3RNXG SRXåLMHWH QDS Wt Y\ããt KUR]t QHEH]SHþt Y]QLNX SRåiUX QHER MLQp SRGREQp VLWXDFH NWHUi P|åH ]S|VRELW SRãNR]HQt ]Dt]HQt 6+$53 QHSHEtUi RGSRY GQRVW ]D SRãNR]HQt ]S|VR EHQi SRXåLWtP MLQpKR QDS Wt QHå MH XYHGHQR 02/02/21 Cxp2001. fm 2EHFQp LQIRUPDFH ý 8SR]RUQ Qt &';3+ 2YOiGDFt SUYN\ D LQGLNiWRU\ T ýHOQt SDQHO 6WUDQD =iVXYND GLVNX , QGLNiWRU QDVWDYHQt þDVRYDþH 7ODþtWNR 2Q6WDQGE\ 7ODþtWNR 7XQHU ODG Qt VWDQLF 7ODþtWNR &' =GtND SUR VOXFKiWND 7ODþtWNR ND]HW\ 7DSH 7ODþtWNR 9LGHR$8; 7ODþtWNR Y\KOHGiYiQt W\SX SURJUDPX 5'6LQIRUPDFt R GRSUDYQt VLWXDFL 7ODþtWNR 5'6 $630 SDP z DXWRPDWLFNpKR SURJUDPRYiQt VWDQLF 7ODþtWNR YROE\ UHåLPX ]REUD]HQt 5'6 7ODþtWNR YROE\ UHåLPX HNYDOL]pUXH[WUD EDV|UHåLPX GHPR 7ODþtWNR RWHYHQt]DYHQt ]iVXYN\ GLVNX 7ODþtWNR SHVNRþHQt GLVNX 7ODþtWND QDVWDYHQt KODVLWRVWL 3HKUiYDþ QD ND]HWX 7DSH 3HKUiYDþ QD ND]HWX 7DSH 7ODþtWNR SHVXQX QD SHGHãORX VNODGEX QD &' QHER U\FKOpKR SHYtMHQt ]S W SHYtMHQt ]S W ND]HW\ 7DSH SHVXQX QD SHGHãORX SHGYROHQRX VWDQLFL 7ODþtWNR SHVXQX QD QiVOHGXMtFt VNODGEX QD &' QHER U\FKOpKR SHYtMHQt YSHG SHYtMHQt YSHG ND]HW\ 7DSH SHVXQX QD QiVOHGXMtFt SHGYROHQRX VWDQLFL 7ODþtWNR KRGLQ 7ODþtWNR þDVRYDþHþDVRYDQpKR Y\SQXWt 7ODþtWNR SHKUiYiQt QHER RSDNRYDQpKR SHKUiYiQt &' SHKUiYiQt ND]HW\ 7ODþtWNR ]DVWDYHQt &' QHER ND]HW\ 7ODþtWNR ODG Qt D QDVWDYHQt þDVX VP UHP SR]SiWNX 7ODþtWNR SDP WLQDVWDYHQt 7ODþtWNR SDX]\ QDKUiYiQt ND]HW\ 7DSH 7ODþtWNR ODG Qt D QDVWDYHQt þDVX VP UHP GRSHGX ý(6. < 1 2 3 7 8 9 10 11 12 13 14 15 16 18 19 20 21 17 2EHFQp LQIRUPDFH 2YOiGDFt SUYN\ D LQGLNiWRU\ 4 5 6 22 23 24 25 26 27 ý 3RSLV GiONRYpKR RYODGDþH 9L] VWUDQD 02/02/21 Cxp2001. fm &';3+ ý(6. < T 'LVSOHM 1 2 3 4 5 67 8 9 12 10 11 14 15 16 17 13 , QGLNiWRU SDX]\ &' , QGLNiWRU H[WUD EDV| , QGLNiWRU þtVOD GLVNX , QGLNiWRU QDKUiYiQt ND]HW\ 7DSH , QGLNiWRU UHåLPX )0 VWHUHR , QGLNiWRU VWHUHR StMPX )0 , QGLNiWRU þDVRYDþH SHKUiYiQt , QGLNiWRU þDVRYDQpKR Y\SQXWt , QGLNiWRU þDVRYDþH QDKUiYiQt , QGLNiWRU SHKUiYiQt &' , QGLNiWRU RSDNRYDQpKR SHKUiYiQt &' , QGLNiWRU 5'6 , QGLNiWRU SHKUiYiQt ND]HW\ , QGLNiWRU G\QDPLFNpKR 37< , QGLNiWRU SURJUDPX R GRSUDYQt VLWXDFL , QGLNiWRU GRSUDYQtKR KOiãHQt , QGLNiWRU SDP WL 3 T =DGQt SDQHO 4 5 6 1 2 7 6WUDQD 9 WUiQt 6tzRYê NDEHO 3HSUDYQt ãURXE =GtND SUR DQWpQX )0 RKP| =GtND SUR UiPRYRX DQWpQX $0 =GtN\ SUR YVWXS YLGHD$8; DXGLR VLJQiO . RQHNWRU\ UHSURGXNWRU| 3R]QiPND 7RWR ]Dt]HQt MH XYQLW Y\EDYHQR Y WUiNHP NWHUê MH NY|OL Y\WYiHQpPX WHSOX VSRXãW Q SL XUþLWp KODVLWRVWL 1 2 3 3 4 T 8PtVW Qt UHSURGXNWRU| 7ZHHWHU YêãN\ :RRIHU EDV\ 6\VWpP %DVV 5HIOH[ . DEHO UHSURGXNWRUX 02/02/21 Cxp2001. fm 2EHFQp LQIRUPDFH ý 2YOiGDFt SUYN\ D LQGLNiWRU\ &';3+ 2YOiGDFt SUYN\ D LQGLNiWRU\ SRNUDþRYiQt T 'iONRYê RYODGDþ 6WUDQD ý(6. < 1 12 13 14 15 16 17 18 19 20 2 3 1. 20. 2EHFQp LQIRUPDFH 2YOiGDFt SUYN\ D LQGLNiWRU\ 4 5 6 7 8 9 10 11 9\VtODþ GiONRYpKR RYODGDþH 7ODþtWNR 2Q6WDQGE\ 7ODþtWND YROE\ þtVOD GLVNX 7ODþtWNR QiKRGQpKR SHKUiYiQt &' 7ODþtWNR SDP WL &' 7ODþtWNR SDX]\ QDKUiYiQt ND]HW\ 7DSH 7ODþtWNR SHVXQX QD SHGHãORX VNODGEX QD &' QHER U\FKOpKR SHYtMHQt ]S W SHYtMHQt ]S W ND]HW\ 7DSH 7ODþtWNR ]DVWDYHQt &' QHER ND]HW\ 7ODþtWNR 7XQHU ODG Qt VWDQLF 7ODþtWNR &' 7ODþtWNR 9LGHR$8; 7ODþtWNR StGDYQêFK EDV| 7ODþtWNR UHåLPX HNYDOL]pUX 7ODþtWNR PD]iQt SURJUDPRYDQpKR SHKUiYiQt &' 7ODþtWND VWDQLF Y SHGYROEiFK 7ODþtWNR SDX]\ &' 7ODþtWNR SHVXQX QD QiVOHGXMtFt VNODGEX QD &' QHER U\FKOpKR SHYtMHQt YSHG SHYtMHQt YSHG ND]HW\ 7DSH 7ODþtWNR SHKUiYiQt QHER RSDNRYDQpKR SHKUiYiQt &' SHKUiYiQt ND]HW\ 7ODþtWNR ND]HW\ 7DSH 7ODþtWND QDVWDYHQt KODVLWRVWL 7ODþtWND VH V\PEROHP Ä ³ PRKRX EêW RYOiGiQD SRX]H GiONRYêP RYODGDþHP ý , QVWDODFH EDWHULt GR GiONRYpKR RYODGDþH 9L] VWUDQD 02/02/21 Cxp2001. fm 'iONRYê RYODGDþ T 9ORåHQt EDWHULt 2WHYHWH NU\W 9ORåWH EDWHULH SRGOH VP U| XYHGHQêFK Y RYODGDþL . U\W RS W ]DYHWH 3L YNOiGiQt QHER Y\MtPiQt EDWHULt ]DWODþWH SURWL MHMLFK SyO|P &';3+ T =NRXãND GiONRYpKR RYODGDþH =NRQWUROXMWH YãHFKQD ]DSRMHQt D MHMLFK VSUiYQRVW D SRWRP ]NRQWUROXMWH L GiONRYê RYODGDþ 9L] VWUDQD 1DVP UXMWH GiONRYê RYODGDþ StPR QD þLGOR QD ]Dt]HQt ý(6. < 'iONRYê RYODGDþ P|åH EêW SRXåLW Y XYHGHQêFK ~KOHFK D Y]GiOHQRV WHFK 6WLVNQ WH WODþtWNR 2167$1'%< =DSQXOR VH ]Dt]HQt" $ Q\Qt VH Xå P|åHWH ]DSR VORXFKDW ýLGOR GiONRYpKR RYODGDþH z 9\P tWH YãHFKQ\ VWDUp EDWHULH ]D QRYp QDMHGQRX z 1HPtFKHMWH VWDUp D QRYp EDWHULH z 3RNXG ]Dt]HQt QHEXGHWH GHOãt GREX SRXåtYDW Y\QGHMWH EDWHULH =DEUiQtWH StSDG QpPX SRãNR]HQt ]Dt]HQt Y StSDG Y\WpNiQt EDWHULt 0, 2 m - 6 m 8SR]RUQ Qt z 1HSRXåtYHMWH QDEtMHFt EDWHULH EDWHULH QLNONDGPLXP DWG z 1HVSUiYQp XPtVW Qt EDWHULt P|åH ]S|VRELW SRUXFKX IXQNþQRVWL 3R]QiPN\ N SRXåtYiQt z 9\P tWH EDWHULH LKQHG MDNPLOH VH ]PHQãt SURYR]Qt Y]GiOHQRVW RYODGDþH QHER VL YãLPQHWH QHVWiORVWL IXQNFt RYOiGDFtFK SUYN| 1DKUDkWH GY PD EDWHULHPL W\SX Ä$$$³ 80 5 +3 DSRG z 3UDYLGHOQ P NNêP KDGtNHP þLVW WH Y\VtODþ GiONRYpKR RYODGDþH D þLGOR QD ]D t]HQt z 1HY\VWDYXMWH þLGOR QD ]Dt]HQt VLOQpPX ]iHQt WR E\ PRKOR RYOLYQLW MHKR IXQNFL =P tWH LQWHQ]LWX ]iHQt QHER VP U ]Dt]HQt z &KUDtWH GiONRYê RYODGDþ SHG YOKNRVWt KRUNHP QiUD]\ D YLEUDFHPL ý 02/02/21 Cxp2001. fm 'iONRYê RYODGDþ 2SDWHQt SL SRXåLWt EDWHULt 3HG SRXåLWtP &';3+ =DSRMHQt V\VWpPX 5iPRYi DQWpQD $0 $QWpQD )0 ý(6. < T =DSRMHQt DQWpQ\ 3LORåHQi DQWpQD )0 . DEHO DQWpQ\ )0 ]DSRMWH GR ]iVWUþN\ Ä)0 2+06³ D QDVP UXMWH MHM VP UHP N FR QHMVLO Q MãtPX VLJQiOX StMPX Pravý reproduktor 3HSUDYQt ãURXE /HYê UHSURGXNWRU 3LORåHQi UiPRYi DQWpQD $0 5iPRYRX DQWpQX $0 ]DSRMWH GR ]iVXYN\ Ä$0 /223³ 8PtVW WH DQWpQX WDN DE\ P OD RSWL PiOQt StMHP 0|åHWH ML XPtVWLW WHED QD SROLFL DWG QHER SLSHYQLW QD SRGVWDYHF QHER VW QX SRPRFt ãURXE| QHMVRX VRXþiVWt StVOXãHQ VWYt 3R]QiPND 3HG SRXåLWtP =DSRMHQt V\VWpPX 8PtVW Qt DQWpQ\ StPR QD ]Dt]HQt QHER EOt]NR VtzRYpKR NDEHOX P|åH ]S|VRELW ]YêUD]Q Qt ãXPX /HSãtKR HIHNWX GRViKQHWH SRNXG XPtVWtWH DQWpQX GiOH RG ]D t]HQt , QVWDODFH UiPRYp DQWpQ\ $0 0RQWiå !29 30 MAXIMUM 3RNXG VWLVNQHWH WODþtWNR (402'( QD GiONRYpP RYODGDþL D PiWH DNWLYRYiQ\ St GDYQp EDV\ EXGRX DXWRPDWLFN\ ]UXãHQ\ ý 02/02/21 Cxp2001. fm 1DVWDYHQt þDVX 4 QHER 6WLVNQ WH WODþtWNR 781, 1*7, 0( SRWRP VWLVNQ WH WODþtWNR 0(025<6(7 D QDVWDYWH KRGLQ\ &';3+ ý(6. < z -HGQRWOLYêP VWLVNQXWtP WODþtWND 781, 1*7, 0( QHER SRVXQHWH þDV R KRGLQX YSHG 3O\QXOpKR SRVXQX YSHG GRViKQHWH SRGUåHQtP WRKRWR WOD þtWND z 3RNXG ]YROtWH KRGLQRYê IRUPiW ]P Qt VH Ä$0³ DXWRPDWLFN\ QD Ä30³ 5 9 XYHGHQpP StNODG MVRX KRGLQ\ QDVWDYHQ\ YH IRUPiWX KRGLQ QHER 6WLVNQ WH WODþtWNR 781, 1*7, 0( SRWRP VWLVNQ WH WODþtWNR 0(025<6(7 D QDVWDYWH PLQXW\ 6WLVNQ WH WODþtWNR &/2&. 0 '2&8 0(17 7(67 $/$50 121( 73 7$ /, *+7 0 &/$66, &6 27+(5 0 :($7+(5 ), 1$1&( &+, /'5(1 3URJUDP\ R OLGHFK D Y FHFK NWHUp MH RYOLYtXMt Då Xå MHGQRWOLY QHER FHOp VNXSLQ\ 1DS VRFLRORJLH G MLQ\ JHRJUDILH SV\FKRORJLH D VSROHþQRVW 9ãHFKQ\ PRåQp DVSHNW\ YtU\ YþHWQ %RKD QHER ERK| SRGVWDWD E\Wt D HWLND 3UR SRVOXFKDþH NWHt UiGL Y\MiGt VYp Qi]RU\ SR WHOHIRQX QHER QD YHHMQpP IyUX 3URJUDP\ ]DP HQp QD FHVWRYiQt SR RNROt L GR Y]GiOHQ MãtFK þiVWt VY WD QiSDG\ D StOHåLWRVWL =GH QHMVRX XYiG Q\ SUREOpP\ YêOXN\ DQL GDOãt VLWXDFH RYOLYtXMtFt DNWXiOQt VWDY GRSUDY\ WHG\ SURJUDP\ Y\ XåtYDMtFt 737$ 3URJUDP\ ]DP HQp QD UHNUHDþQt DNWLYLW\ QD NWHUêFK VH SRVOXFKDþ P|åH SRGtOHW 1DS ]DKUiGNDHQt U\EDHQt VEtUiQt VWDURåLWQRVWt YDHQt ODEXåQLFWYt YLQDVWYt DWG 3RO\IRQQt V\QNRSLFNi KXGED FKDUDNWHULVWLFNi LPSURYL]DFt KXGHEQtN| 3tVQ SRFKi]HMtFt QHER QDYD]XMtFt QD WUDGLFL MLKRDPHULFNêFK VWiW| &KDUDNWHULVWLFNp StPRX PHORGLt D StE KHP $NWXiOQt QiURGQt QHER PtVWQt SRSXOiUQt KXGED Y MD]\FH GDQp ]HP MH RSDNHP VY URYp ÄSRS³ VFpQ\ NWHUi MH REY\NOH LQVSLURYDQi $PHULNRX QHER %ULWiQLt D MH Y DQJOLþWLQ 3RSXOiUQt KXGED W]Y Ä]ODWêFK þDV|³ +XGED NWHUi Pi VYp NRHQ\ Y KXGHEQt NXOWXH þiVWL QiURGD Y WãLQRX UHSURGXNRYDQi DNXVWLFNêPL QiVWURML 3tE K P|åH EêW ]DORåHQ QD KLV WRULFNêFK XGiORVWHFK QHER RVREiFK 3URJUDP ]DP HQê QD IDNWD SUH]HQWRYDQi LQYHVWLJDWLYQtP ]S| VREHP 9\VtOiQt SUR WHVWRYiQt ]Dt]HQt Y\VtODMtFtFK D SLMtPDMtFtFK QRX]RYp Y\VtOiQt 1DOpKDYp R]QiPHQt SRG YOLYHP YêMLPHþQêFK RNROQRVWt XSR]RUtXMtFt QD PRåQp QHEH]SHþt REHFQpKR FKDUDNWHUX 1HQt XYHGHQ W\S SURJUDPX SRX]H StMHP 9\VtOiQt R GRSUDYQt VLWXDFL $NWXiOQ Y\VtODQp GRSUDYQt LQIRUPDFH 02/02/19 Cxp2002. fm 3RNURþLOp IXQNFH ý 3RXåLWt 5'6 &';3+ 3RXåLWt 5'6 SRNUDþRYiQt T 3RXåtYiQt SDP WL DXWRPDWLFNpKR SURJUDPRYiQt VWDQLF $630 9 UHåLPX $630 Y\KOHGi WXQHU DXWRPDWLFN\ QRYp VWDQLFH 5'6 0|åHWH XORåLW Då VWDQLF 3RNXG MVWH MLå Q MDNp VWDQLFH GR SDP WL XORåLOL SRþHW QRY XORåHQêFK VWDQLF EXGH PHQãt ý(6. < 8NRQþHQt IXQNFH $630 SHG GRNRQþHQtP % KHP Y\KOHGiYiQt VWDQLF VWLVNQ WH WODþtWNR $630 6WDQLFH NWHUp E\O\ Då GRSRVXG QDOH]HQ\ MVRX XORåHQ\ GR SDP WL 3R]QiPN\ 1 6WLVNQ WH WODþtWNR 781(5 %$1' D ]YROWH SiVPR )0 z 3RNXG MH WR VDPp Y\VtOiQt QDOH]HQR QD YtFH IUHNYHQFtFK EXGH XORåHQD SRX]H IUHNYHQFH V QHMVLOQ MãtP VLJQiOHP z -DNiNROLY MLQi VWDQLFH NWHUi Pi VWHMQRX IUHNYHQFL MDNR MHGQD ]H VWDQLF Y SDP WL QHEXGH XORåHQD z 3R XORåHQt VWDQLF GR SDP WL VH Y\KOHGiYiQt VDPR XNRQþt 3RNXG FKFHWH VWD QLFH Y\KOHGDQp SRPRFt IXQNFH $630 SHG ODW PXVtWH VPD]DW DNWXiOQt SDP z z 3RNXG VH QHXORåLOD åiGQi VWDQLFH ]REUD]t VH QD YWHLQ\ Ä(1'³ z 3RNXG MVRX VLJQiO\ 5'6 StOLã VODEp Qi]Y\ VWDQLF VH GR SDP WL QHPXVt XORåLW 9\PD]iQt FHOpKR REVDKX DNWXiOQt SDP WL 3RNURþLOp IXQNFH 2 6WLVNQ WH WODþtWNR $630 D SRGUåWH MHM DOHVSRt QD YWHLQ\ 3RXåLWt 5'6 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX WODþtWNHP 2167$1'%< 6WLVNQ WH ]iURYHt WODþtWND 781(5 %$1' (48$/, =(5;%$66'(02 D 21 67$1'%< GRNXG VH QD GLVSOHML QHREMHYt Ä781(5 &/³ z 3R SURYHGHQt W FKWR NURN| VH VPDåH FHOi DNWXiOQt SDP z Ä$630³ DVL YWHLQ\ EOLNi D SRWRP ]DþQH Y\KOHGiYiQt 0+] 8ORåHQt RSUDYHQpKR Qi]YX VWDQLFH SR SHGHãOpP XORåHQt QHVSUiYQpKR Qi]YX -DNPLOH MH QDOH]HQD VWDQLFH 5'6 REMHYt VH QD GLVSOHML QD FKYLONX Ä5'6³ D VWDQLFH VH XORåt GR SDP WL 3RNXG MH VLJQiO VODEê QHER VH YH Y\VtOiQt Y\VN\WXMH StOLã ãXPX P|åH VH XORåHQt Qi]YX VWDQLFH GR SDP WL SRPRFt IXQNFH $630 VWiW QHPRåQêP 9 WDNRYpP StSDG SRVWXSXMWH WDNWR 6WLVNQ WH WODþtWNR 35(6(7 QHER D ]NRQWUROXMWH MHOL Qi]HY VSUiYQê 3RNXG E KHP Y\VtOiQt REMHYtWH QHVSUiYQê Qi]HY VWDQLFH Y\þNHMWH Då VH ]REUD]t VSUiYQê Qi]HY D SRWRP VWLVNQ WH WODþtWNR 0(025<6(7 % KHP YWHLQ VWLVNQ WH WODþtWNR 0(025<6(7 ]DWtPFR EOLNi þtVOR QDVWDYHQp VWDQLFH z 1\Qt MH GR SDP WL XORåHQ VSUiYQê Qi]HY VWDQLFH 3R]QiPN\ 3R GRNRQþHQt Y\KOHGiYiQt VH DVL QD YWHLQ\ ]REUD]t SRþHW XORåHQêFK VWDQLF D SRWRP VH WDNp QD YWHLQ\ REMHYt Ä(1'³ z 7D VDPi VWDQLFH P|åH EêW XORåHQD QD Q NROLND U|]QêFK NDQiOHFK z 9 XUþLWêFK REODVWHFK QHER þDVRYêFK ~VHFtFK PRKRX EêW Qi]Y\ VWDQLF GRþDVQ MLQp ý-21 02/02/21 Cxp2003. fm &';3+ ý(6. < T 9ROED VWDQLFH ] SDP WL 8UþHQt W\S| SURJUDP| D ]YROHQêFK VWDQLF Y\KOHGiYiQt 37< = DNWXiOQt SDP WL P|åHWH Y\KOHGiYDW VWDQLFH SRGOH XUþLWpKR W\SX SURJUDPX ]SUiY\ VSRUW GRSUDYQt LQIRUPDFH DWG YL] VWUDQD 3R]QiPN\ 1 6WLVNQ WH WODþtWNR 781(5 %$1' D ]YROWH SiVPR )0 z 3RNXG GLVSOHM SHVWDQH EOLNDW SRVWXSXMWH ]QRYX RG ERGX 1DMGHOL ]Dt]HQt SRåDGRYDQê SURJUDP UR]EOLNi VH QD YWHLQ\ RGSRYtGDMtFt þtVOR NDQiOX D SRWRP QD YWHLQ Qi]HY VWDQLFH NWHUê QiVOHGQ ]|VWDQH VYtWLW QD GLVSOHML z &KFHWHOL QDODGLW MLQRX VWDQLFL V WtP VDPêP SURJUDPHP VWLVNQ WH WODþtWNR 37<7, 6($5&+ ]DWtPFR QD GLVSOHML EOLNi þtVOR NDQiOX QHER Qi]HY VWDQLFH =Dt]HQt Y\KOHGi QiVOHGXMtFt VWDQLFL z 3RNXG QHEXGH QDOH]HQD MLQi VWDQLFH QD YWHLQ\ VH QD GLVSOHML REMHYt Ä127 )281'³ 3RNXG ]YROtWH SURJUDP Y\VtODMtFt GRSUDYQt LQIRUPDFH 2 6WLNQ WH WODþtWNR 37<7, 6($5&+ 3RNXG Y ERG ]YROtWH SURJUDP Y\VtODMtFt GRSUDYQt LQIRUPDFH 73 ]REUD]t VH Ä73³ &Rå QH]QDPHQi åH SUiY Y WX FKYtOL EXGHWH SRVORXFKDW LQIRUPDFH R GRSUDYQt VL WXDFL -VRXOL Y\VtOiQ\ GRSUDYQt ]SUiY\ ]REUD]t VH Ä7$³ 8UþHQt Qi]Y| VWDQLF D PDQXiOQt YROED VWDQLF = DNWXiOQt SDP WL VL P|åHWH ]YROLW VWDQLFH SRGOH MHMLFK Qi]YX %%& 5 %%& 5 DWG 3HG ]DKiMHQtP YêE UX PXVtWH GR SDP WL XORåLW MHGHQ QHER YtFH Qi]Y| VWDQLF 6WtGDY VH QD GLVSOHML ]REUD]t Ä37< 7, ³ D Ä6(/(&7³ SR GREX YWHLQ 3 % KHP YWHLQ ]YROWH W\S SURJUDPX VWLVNQXWtP WODþtWND 35(6(7 QHER . DåGêP VWLVNQXWtP WODþtWND VH SRVWXSQ REMHYt U|]Qp W\S\ SURJUDP| 3RNXG WODþtWNR SRGUåtWH QD YtFH QHå YWHLQ\ EXGRX VH W\S\ SURJUDP| ]REUD]RYDW SRVWXSQ VDPL 1i]HY VWDQLFH EXGH ]REUD]HQ QD YWHLQ 3RWRP VH GLVSOHM ]P Qt WDN MDN MH XYHGHQR 4 =DWtPFR YiPL ]YROHQê W\S SURJUDPX EOLNi DVL YWHLQ VWLVNQ WH RS W WODþtWNR 37<7, 6($5&+ 3RWRP FR VH QD YWHLQ\ UR]VYtWt Y\EUDQê W\S SURJUDPX ]REUD]t VH Ä6($5&+³ D DNWLYXMH VH Y\KOHGiYiQt ý-22 02/02/21 Cxp2003. fm 3RXåLWt 5'6 6WLVNQ WH WODþtWNR 781(5 %$1' D ]YROWH SiVPR )0 7ODþtWNHP 35(6(7 QHER ]YROWH SRåDGRYDQRX VWDQLFL 3RNURþLOp IXQNFH &';3+ )XQNFH þDVRYDþH D þDVRYDQpKR Y\SQXWt ýDVRYDQp SHKUiYiQt =Dt]HQt VH ]DSQH D DNWLYXMH XUþHQê ]GURM &' UiGLR ND]HWX Y SHGHP QDVWDYHQpP þDVH ý(6. < T ýDVRYDQp SHKUiYiQt QHER þDVRYDQp QDKUiYiQt 3HG QDVWDYHQtP þDVRYDþH 6WLVNQ WH WODþtWNR &/2&. D ]NRQWUROXMWH åH KRGLQ\ MGRX GREH ýDVRYDQp QDKUiYiQt =Dt]HQt VH ]DSQH D DNWLYXMH QDKUiYiQt ] UiGLD Y SHGHP QDVWDYHQpP þDVH )XQNFH þDVRYDQpKR Y\SQXWt 5iGLR NRPSDNWQt GLVN QHER ND]HWD PRKRX EêW DXWRPDWLFN\ Y\SQXW\ ýDVRYDQp SHKUiYiQt ýDVRYDQp QDKUiYiQt 9ORåWH ND]HWX QHER GLVN\ NWHUp FKFHWH UHSURGXNRYDW 9ORåWH ND]HWX QD NWHURX FKFHWH QDKUiYDW GR SHKUiYDþH 7$3( )XQNFH þDVRYDþH D þDVRYDQpKR Y\SQXWt 3RNURþLOp IXQNFH 1 2 =Dt]HQt VSXVWtWH VWLVNQXWtP WODþtWND 2167$1'%< =YROWH SRåDGRYDQRX IXQNFL RSDNRYDQêP VWLVNQXWtP WODþtWND &' 781(5 %$1' QHER 7$3( 9\EHUWH ]GURM þDVRYDQpKR SHKUiYiQt &' 781(5 %$1' QHER 7$3( 9\EHUWH ]GURM þDVRYDQpKR QDKUiYiQt 781(5 %$1' 3RNXG MVWH ]YROLOL 781(5 %$1' QDODkWH Y\EUDQRX VWDQLFL 3 4 +ODVLWRVW QDVWDYWH SRPRFt WODþtWHN 92/80( 1HQDVWDYXMWH ]YXN StOLã KODVLWê ýDVRYDQp SHKUiYiQt QHER QDKUiYiQt ]YROtWH RSDNRYDQêP VWLVN QXWtP WODþtWND 7, 0(56/((3 3UR þDVRYDQp SHKUiYiQt VH ]REUD]t EtOê ]QDN Ä ³ SUR þDVRYDQp QDKUiYiQt þHUYHQê ]QDN Ä ³ %tOê ýHUYHQê 5 6WLVNQ WH WODþtWNR 781, 1*7, 0( QHER WRP VWLVNQ WH WODþtWNR 0(025<6(7 D QDVWDYWH KRGLQX SR 2EUi]N\ XYiG Mt QDVWDYHQt þDVRYDQpKR SHKUiYiQt ý-23 1DVWDYHQt þDVX 9L] VWUDQD /DG Qt 9L] VWUDQD 02/02/21 Cxp2003. fm &';3+ ý(6. < 6 6WLVNQ WH WODþtWNR 781, 1*7, 0( QHER WRP VWLVNQ WH WODþtWNR 0(025<6(7 D QDVWDYWH PLQXW\ SR T )XQNFH þDVRYDQpKR Y\SQXWt 1 6SXVzWH YiPL SRåDGRYDQê ]GURM KXGE\ 2 2SDNRYDQ VWLVNQ WH WODþtWNR 7, 0(56/((3 Ä6/((3³ Då VH ]REUD]t 7 =Dt]HQt VH DXWRPDWLFN\ SHSQH GR SRKRWRYRVWQtKR UHåLPX =Dt]HQt VSXVWtWH VWLVNQXWtP WODþtWND 2167$1'%< 8 9 3R GRVDåHQt QDVWDYHQpKR þDVX VH VSXVWt þDVRYDQp SHKUiYiQt QHER QDKUiYiQt =YXN SRVWXSQ ]HVtOt Då GRViKQH KODVLWRVWL QDVWDYHQp SL SHGFKR]tP SRVOHFKX SHG DNWLYRYiQtP SRKRWRYRVWQtKR UHåLPX 3 4 6WLVNQ WH WODþtWNR 0(025<6(7 3R GRVDåHQt QDVWDYHQpKR þDVX Yiã V\VWpP DXWRPDWLFN\ DNWLYXMH SRKRWRYRVWQt UHåLP +ODVLWRVW EXGH PLQXWX SHG XNRQþHQtP SHKUiYiQt ]WOXPHQD 9 þDVRYDQpP SHKUiYiQt 3RNXG ]YROtWH &' QHER 7$3( ]Dt]HQt SR SHKUiQt DNWLYXMH SRKRWRYRVWQt UHåLP 3RNXG ]YROtWH 781(5 ]Dt]HQt DNWLYXMH SRKRWRYRVWQt UHåLP SR MHGQp KRGLQ =UXãHQt þDVRYDQpKR Y\SQXWt 9 þDVRYDQpP QDKUiYiQt -DNPLOH ND]HWD QD NWHURX QDKUiYiWH GRViKQH NRQFH þDVRYDQp QDKUiYiQt MH XNRQþHQR D ]Dt]HQt DNWLYXMH SRKRWRYRVWQt UHåLP % KHP þDVRYDQpKR Y\SQXWt VWLVNQ WH WODþtWNR 2167$1'%< , QIRUPDFH R þDVH ]EêYDMtFtP GR Y\SQXWt 2EQRYHQt QHER ]P QD QDVWDYHQt þDVRYDþH 3R]QiPN\ % KHP þDVRYDQpKR Y\SQXWt VWLVNQ WH WODþtWNR 7, 0(56/((3 1D GLVSOHML VH ]REUD]t SR GREX YWHLQ þDV ]EêYDMtFt GR Y\SQXWt ]Dt]HQt 3URYHkWH ÄýDVRYDQp QDKUiYiQt QHER SHKUiYiQt³ ]QRYX RG ]DþiWNX 3R]QiPND 3RNXG QDVWDYtWH þDV Y\SQXWt ]|VWDQH WDN Då GR GDOãtKR QDVWDYHQt z 3RNXG MHGQRX þDV QDVWDYtWH ]|VWDQH WDN Då GR GDOãtKR QDVWDYHQt z &KFHWHOL SUR þDVRYDQp SHKUiYiQt QHER QDKUiYiQt SRXåtW MLQRX MHGQRWNX SL SRMHQRX GR ]iVXYN\ 9, '(2$8; ]YROWH Y ERG Ä9, '(2$8;³ 7DNWR EXGH VSXãW QR SRX]H Y\EUDQp ]Dt]HQt D SRKRWRYRVWQt UHåLP EXGH DNWLYRYiQ DXWRPDWLFN\ 3R GRVDåHQt NRQFH ND]HW\ QD NWHURX QDKUiYiWH Y StSDG þDVR YDQpKR QDKUiYiQt QHER SR MHGQp KRGLQ Y StSDG þDVRYDQpKR SHKUiYiQt VH DNWLYXMH SRKRWRYRVWQt UHåLP -LQp ]Dt]HQt QHEXGH DQL ]DSQXWR DQL Y\SQXWR 02/02/21 Cxp2003. fm 3RNURþLOp IXQNFH =UXãHQt þDVRYDQpKR SHKUiYiQtQDKUiYiQt % KHP ]REUD]HQt þDVRYDQpKR Y\SQXWt VWLVNQ WH WODþtWNR 781, 1*7, 0( 0D[LPiOQ KRGLQ\ 0LQLPiOQ PLQXWD z KRGLQ\ PLQXW PLQXWRYp LQWHUYDO\ z PLQXW PLQXWD PLQXWRYp LQWHUYDO\ QHER ý-24 )XQNFH þDVRYDþH D þDVRYDQpKR Y\SQXWt =P QD QDVWDYHQt þDVRYDQpKR Y\SQXWt &';3+ 5R]ãtHQt YDãHKR V\VWpPX 3URSRMRYDFt NDEHO\ QHMVRX VRXþiVWt StVOXãHQVWYt 3RXåLMWH E åQ GRVWXSQp NDEHO\ SRGOH QtåH XYHGHQêFK LQVWUXNFt 9LGHR '9' DWG ý(6. < T 3RVOHFK SHKUiYDQêFK ]YXN| ] YLGHD '9' DWG 1 3RXåLMWH VSRMRYDFt NDEHO N SLSRMHQt YLGHD '9' DWG GR ]iVWUþHN 9, '(2$8; 9 StSDG SLSRMHQt YLGHD ]DSRMWH DXGLR YêVWXS N WRPXWR ]Dt]HQt D YLGHR YêVWXS N YDãHPX WHOHYL]RUX . YêVWXSQt ]iVWUþFH NDEHOX %tOê ýHUYHQê 2 3 4 =Dt]HQt VSXVWtWH VWLVNQXWtP WODþtWND 2167$1'%< 6WLVNQ WH WODþtWNR 9, '(2$8; 6SXVzWH SLSRMHQp ]Dt]HQt 3R]QiPND 3RNURþLOp IXQNFH 5R]ãtHQt YDãHKR V\VWpPX 9 StSDG UXãHQt SHPtVW WH WRWR ]Dt]HQt SU\þ RG WHOHYL]H ýHUYHQý Bílý T 1DKUiYiQt QD ND]HWX . DEHO 5&$ QHQt VRXþiVWt StVOXãHQVWYt 1 2 3 4 5 'R SHKUiYDþH 7$3( YORåWH ND]HWX 6WLVNQ WH WODþtWNR 9, '(2$8; 6WLVNQ WH WODþtWNR 5(& 3$86( 7$3( 6WLVNQ WH WODþtWNR =DSQ WH YLGHR '9' DWG T 6OXFKiWND z 3HG ]DSRMHQtP QHER RGSRMHQtP VOXFKiWHN ]WOXPWH KODVLWRVW z 3HVY GþHWH VH åH YDãH VOXFKiWND PDMt ]iVWUþNX R SU|P UX PP D LPSHGDQFL RKP| 'RSRUXþHQi LPSHGDQFH MH RKP| z =DSRMHQtP VOXFKiWHN DXWRPDWLFN\ RGSRMtWH UHSURGXNWRU\ +ODVLWRVW QDVWDYWH SR PRFt WODþtWHN 92/80( ý-25 02/02/21 Cxp2003. fm 2GVWUDQ Qt SRUXFK +RGQ SRWHQFLiOQtFK SUREOpP| P|åH EêW Y\HãHQR StPR XåLYDWHOHP EH] QXWQRVWL RGERUQpKR ]iVDKX VHUYLVQtKR WHFKQLND 3URWR SRNXG QD YDãHP ]Dt]HQt REMHYtWH ]iYDGX ]NRQWUROXMWH QiVOHGXMtFt PRåQRVWL MHãW SHGWtP QHå ]DYROiWH DXWRUL]RYDQpKR SURGHMFH 6+$53 QHER VHUYLVQt FHQWUXP &';3+ T 3HKUiYDþ PDJQHWRIRQRYêFK ND]HW 3t]QDN z 1HO]H QDKUiYDW z z z 0RåQê G|YRG z 2GVWUDQLOL MVWH ]REiþHN FKUiQtFt SHG QiKRGQêP VPD]iQtP" 6NODGE\ QHMVRX QDKUiQ\ NYDOLWQ z 3RXåtYiWH E åQRX ND]HWX" 1HP|åHWH QDKUiYDW QD ND]HW\ W\SX 0HWDO QHER 2EVDK ND]HW\ QHO]H ]FHOD VPD]DW &U2 3HVNDNXMH ]YXN z 1HQt SiVND XYROQ Qi" z 1HQt SiVND StOLã QDWDåHQi" 1HMVRX VO\ãHW YêãN\ z 1HMVRX QDYLMiN\ YiOFH QHER KODY\ ]QH þLãW Qp" =YXN NROtVi z 3RNXG GRMGH E KHP SHKUiYiQt N SH UXãHQt GRGiYN\ HOHNWULFNpKR SURXGX KODY\ ]|VWDQRX SLWLVNQXWp N PDJQHWRIRQRYpPX SiVNX 1HSRNRXãHMWH VH SHKUiYDþ RWHYtW QiVLOtP 9\þNHMWH QD REQRYHQt GRGiYN\ HOHNWULFNpKR SURXGX ý(6. < T 2EHFQ 3t]QDN z +RGLQ\ QHMGRX SHVQ z 3R VWLVNX WODþtWND ]Dt]HQt QHUHDJXMH z z z z 1HQt VO\ãHW ]YXN z z z 0RåQê G|YRG 1HE\OD SHUXãHQD GRGiYND HOHNWULFNpKR SURXGX" 1DVWDYWH KRGLQ\ ]QRYX 9L] VWUD QD 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX D SRWRP MHM RS W ]DSQ WH 3RNXG SRUXFKD L SHVWR WUYi Y\SQ WH ]Dt]HQt ~SOQ D ]QRYX MHM ]DSQ WH 9L] VWUDQD 1HPiWH KODVLWRVW QDVWDYHQRX QD ij" 1HMVRX ]DSRMHQD VOXFKiWND" 1HMVRX Y\SRMHQp NDEHO\ UHSURGXNWRU|" z z z . D]HWX QHO]H Y\MPRXW T &' SHKUiYDþ 3t]QDN z 1HVSRXãWt VH SHKUiYiQt z 3HKUiYiQt VH ]DVWDYt XSURVWHG QHER GLVN QHQt SHKUiYiQ ]FHOD VSUiYQ z 3HKUiYDQp ]YXN\ SHVNDNXMt QHER VH SHKUiYiQt ]DVWDYt XSURVWHG VNODGE\ 0RåQê G|YRG z 1HQt GLVN YORåHQ Y]K|UX QRKDPD" z 9\KRYXMH GLVN XUþHQêFK VWDQGDUG|P" z 1HQt GLVN ]NURXFHQê QHER SRãNUiEDQê" z 1HQt ]Dt]HQt XPtVW QR EOt]NR QDGP U QêFK YLEUDFt" z 1HQt GLVN ]QHþLãW Qê" z 1H]NRQGHQ]RYDOR XYQLW ]Dt]HQt YOKNR" T 'iONRYê RYODGDþ 3t]QDN z 'iONRYê RYODGDþ QHIXQJXMH z z z z z 0RåQê G|YRG -H ]DSRMHQ VtzRYê NDEHO ]Dt]HQt" -VRX EDWHULH YORåHQ\ VSUiYQ " 1HMVRX EDWHULH Y\ELWp" -VWH YH VSUiYQp Y]GiOHQRVWL QHER ~KOX" 1HR]DXMH þLGOR GiONRYpKR RYODGDþH RVWUp VY WOR" T 5iGLR 3t]QDN z 5iGLR Y\GiYi QHREY\NOp ]YXN\ 0RåQê G|YRG z 1HQt ]Dt]HQt XPtVW QR EOt]NR WHOHYL]H QHER SRþtWDþH" z -H DQWpQD )0 QHER UiPRYi DQWpQD $0 XPtVW QD VSUiYQ " 3RNXG MH DQWpQD StOLã EOt]NR VtzRYpKR NDEHOX RGVWUDtWH KR ] MHMt EH]SURVWHGQt EOt]NRVWL T . RQGHQ]DFH 3UXGNp ]P Q\ WHSORW\ VNODGRYiQt QHER SURYR] ]Dt]HQt Y H[WUpPQ YOKNpP SURVWHGt PRKRX ]S|VRELW NRQGHQ]DFL XYQLW ]Dt]HQt &' VQtPDþ PDJQHWRIRQRYp KODY\ DWG QHER QD Y\VtODþL GiONRYpKR RYODGDþH . RQGHQ]DFH P|åH QiVOHGQ ]S|VRELW SRUXFKX ]Dt]HQt 3RNXG N Q þHPX WDNRYpPX GRMGH QHFKWH ]Dt]HQt ]DSQXWp DQLå E\VWH GR Q M YORåLOL GLVN QHER ND]HWX GRNXG QH EXGH PRåQp MHKR E åQp SRXåtYiQt DVL KRGLQX . RQGHQ]DFL QD Y\VtODþL GiONRYpKR RYODGDþH RWHWH SHG SRXåLWtP P NNêP KDGtNHP ý-26 02/02/21 Cxp2003. fm 2GVWUDQ Qt SRUXFK 2GND]\ &';3+ 2GVWUDQ Qt SRUXFK SRNUDþRYiQt T 2EMHYtOL VH SUREOpP 3RNXG Y\VWDYtWH WRWR ]Dt]HQt VLOQêP YQ MãtP ]iVDK|P PHFKDQLFNê RWHV VWDWLFNi HOHNWLQD Y\ããt QDS Wt E KHP ERXN\ DWG QHER MHM QHSRXåtYiWH VSUiYQêP ]S| VREHP P|åHWH ]S|VRELW SRUXFKX 6WDQHOL VH WDN SRVWXSXMWH QiVOHGRYQ 1 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX D RS W MHM ]DSQ WH 2 3RNXG VH ]Dt]HQt QH]DSQH RGSRMWH MHM ]H ]iVXYN\ D RS W ]DSRMWH SRWRP MHM ]NXVWH ]QRYX ]DSQRXW ÒGUåED T ýLãW Qt PDJQHWRIRQRYpKR SHKUiYDþH z =QHþLãW Qp PDJQHWRIRQRYp KODY\ QDYLMiN\ QHER YiOFH PRKRX VQtåLW NYDOLWX ]YXNX QHER ]S|VRELW QHåiGRXFt RGYtMHQt SiVN\ 9\þLVW WH W\WR þiVWL VPRWNHP YDW\ QD PRþHQpP Y E åQpP þLVWLþL KODYYiOF| QHER Y L]RSURS\ODONRKROX z 3R GREX þLãW Qt PDJQHWRIRQRYêFK KODY YiOF| DWG YåG\ Y\SRMWH ]Dt]HQt ]H ]GURMH HQHUJLH TAPE 1 A B C ý(6. < 3R]QiPND 3RNXG QHSRP|åH DQL MHGHQ ] SHGFKR]tFK SRVWXS| VPDåWH FHORX SDP z T 6PD]iQt FHOp SDP WL UHVHW 1 2 D E B C 2GVWUDQ Qt SRUXFKÒGUåED 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX WODþtWNHP 2167$1'%< 6WLVNQ WH ]iURYHt WODþtWND &/2&. [. . . ] YêVWXSQt ]iVWUþFH NDEHOX %tOê ýHUYHQê 2 3 4 =Dt]HQt VSXVWtWH VWLVNQXWtP WODþtWND 2167$1'%< 6WLVNQ WH WODþtWNR 9, '(2$8; 6SXVzWH SLSRMHQp ]Dt]HQt 3R]QiPND 3RNURþLOp IXQNFH 5R]ãtHQt YDãHKR V\VWpPX 9 StSDG UXãHQt SHPtVW WH WRWR ]Dt]HQt SU\þ RG WHOHYL]H ýHUYHQý Bílý T 1DKUiYiQt QD ND]HWX . DEHO 5&$ QHQt VRXþiVWt StVOXãHQVWYt 1 2 3 4 5 'R SHKUiYDþH 7$3( YORåWH ND]HWX 6WLVNQ WH WODþtWNR 9, '(2$8; 6WLVNQ WH WODþtWNR 5(& 3$86( 7$3( 6WLVNQ WH WODþtWNR =DSQ WH YLGHR '9' DWG T 6OXFKiWND z 3HG ]DSRMHQtP QHER RGSRMHQtP VOXFKiWHN ]WOXPWH KODVLWRVW z 3HVY GþHWH VH åH YDãH VOXFKiWND PDMt ]iVWUþNX R SU|P UX PP D LPSHGDQFL RKP| 'RSRUXþHQi LPSHGDQFH MH RKP| z =DSRMHQtP VOXFKiWHN DXWRPDWLFN\ RGSRMtWH UHSURGXNWRU\ +ODVLWRVW QDVWDYWH SR PRFt WODþtWHN 92/80( ý-25 02/02/21 Cxp2003. fm 2GVWUDQ Qt SRUXFK +RGQ SRWHQFLiOQtFK SUREOpP| P|åH EêW Y\HãHQR StPR XåLYDWHOHP EH] QXWQRVWL RGERUQpKR ]iVDKX VHUYLVQtKR WHFKQLND 3URWR SRNXG QD YDãHP ]Dt]HQt REMHYtWH ]iYDGX ]NRQWUROXMWH QiVOHGXMtFt PRåQRVWL MHãW SHGWtP QHå ]DYROiWH DXWRUL]RYDQpKR SURGHMFH 6+$53 QHER VHUYLVQt FHQWUXP &';3+ T 3HKUiYDþ PDJQHWRIRQRYêFK ND]HW 3t]QDN z 1HO]H QDKUiYDW z z z 0RåQê G|YRG z 2GVWUDQLOL MVWH ]REiþHN FKUiQtFt SHG QiKRGQêP VPD]iQtP" 6NODGE\ QHMVRX QDKUiQ\ NYDOLWQ z 3RXåtYiWH E åQRX ND]HWX" 1HP|åHWH QDKUiYDW QD ND]HW\ W\SX 0HWDO QHER 2EVDK ND]HW\ QHO]H ]FHOD VPD]DW &U2 3HVNDNXMH ]YXN z 1HQt SiVND XYROQ Qi" z 1HQt SiVND StOLã QDWDåHQi" 1HMVRX VO\ãHW YêãN\ z 1HMVRX QDYLMiN\ YiOFH QHER KODY\ ]QH þLãW Qp" =YXN NROtVi z 3RNXG GRMGH E KHP SHKUiYiQt N SH UXãHQt GRGiYN\ HOHNWULFNpKR SURXGX KODY\ ]|VWDQRX SLWLVNQXWp N PDJQHWRIRQRYpPX SiVNX 1HSRNRXãHMWH VH SHKUiYDþ RWHYtW QiVLOtP 9\þNHMWH QD REQRYHQt GRGiYN\ HOHNWULFNpKR SURXGX ý(6. < T 2EHFQ 3t]QDN z +RGLQ\ QHMGRX SHVQ z 3R VWLVNX WODþtWND ]Dt]HQt QHUHDJXMH z z z z 1HQt VO\ãHW ]YXN z z z 0RåQê G|YRG 1HE\OD SHUXãHQD GRGiYND HOHNWULFNpKR SURXGX" 1DVWDYWH KRGLQ\ ]QRYX 9L] VWUD QD 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX D SRWRP MHM RS W ]DSQ WH 3RNXG SRUXFKD L SHVWR WUYi Y\SQ WH ]Dt]HQt ~SOQ D ]QRYX MHM ]DSQ WH 9L] VWUDQD 1HPiWH KODVLWRVW QDVWDYHQRX QD ij" 1HMVRX ]DSRMHQD VOXFKiWND" 1HMVRX Y\SRMHQp NDEHO\ UHSURGXNWRU|" z z z . D]HWX QHO]H Y\MPRXW T &' SHKUiYDþ 3t]QDN z 1HVSRXãWt VH SHKUiYiQt z 3HKUiYiQt VH ]DVWDYt XSURVWHG QHER GLVN QHQt SHKUiYiQ ]FHOD VSUiYQ z 3HKUiYDQp ]YXN\ SHVNDNXMt QHER VH SHKUiYiQt ]DVWDYt XSURVWHG VNODGE\ 0RåQê G|YRG z 1HQt GLVN YORåHQ Y]K|UX QRKDPD" z 9\KRYXMH GLVN XUþHQêFK VWDQGDUG|P" z 1HQt GLVN ]NURXFHQê QHER SRãNUiEDQê" z 1HQt ]Dt]HQt XPtVW QR EOt]NR QDGP U QêFK YLEUDFt" z 1HQt GLVN ]QHþLãW Qê" z 1H]NRQGHQ]RYDOR XYQLW ]Dt]HQt YOKNR" T 'iONRYê RYODGDþ 3t]QDN z 'iONRYê RYODGDþ QHIXQJXMH z z z z z 0RåQê G|YRG -H ]DSRMHQ VtzRYê NDEHO ]Dt]HQt" -VRX EDWHULH YORåHQ\ VSUiYQ " 1HMVRX EDWHULH Y\ELWp" -VWH YH VSUiYQp Y]GiOHQRVWL QHER ~KOX" 1HR]DXMH þLGOR GiONRYpKR RYODGDþH RVWUp VY WOR" T 5iGLR 3t]QDN z 5iGLR Y\GiYi QHREY\NOp ]YXN\ 0RåQê G|YRG z 1HQt ]Dt]HQt XPtVW QR EOt]NR WHOHYL]H QHER SRþtWDþH" z -H DQWpQD )0 QHER UiPRYi DQWpQD $0 XPtVW QD VSUiYQ " 3RNXG MH DQWpQD StOLã EOt]NR VtzRYpKR NDEHOX RGVWUDtWH KR ] MHMt EH]SURVWHGQt EOt]NRVWL T . RQGHQ]DFH 3UXGNp ]P Q\ WHSORW\ VNODGRYiQt QHER SURYR] ]Dt]HQt Y H[WUpPQ YOKNpP SURVWHGt PRKRX ]S|VRELW NRQGHQ]DFL XYQLW ]Dt]HQt &' VQtPDþ PDJQHWRIRQRYp KODY\ DWG QHER QD Y\VtODþL GiONRYpKR RYODGDþH . RQGHQ]DFH P|åH QiVOHGQ ]S|VRELW SRUXFKX ]Dt]HQt 3RNXG N Q þHPX WDNRYpPX GRMGH QHFKWH ]Dt]HQt ]DSQXWp DQLå E\VWH GR Q M YORåLOL GLVN QHER ND]HWX GRNXG QH EXGH PRåQp MHKR E åQp SRXåtYiQt DVL KRGLQX . RQGHQ]DFL QD Y\VtODþL GiONRYpKR RYODGDþH RWHWH SHG SRXåLWtP P NNêP KDGtNHP ý-26 02/02/21 Cxp2003. fm 2GVWUDQ Qt SRUXFK 2GND]\ &';3+ 2GVWUDQ Qt SRUXFK SRNUDþRYiQt T 2EMHYtOL VH SUREOpP 3RNXG Y\VWDYtWH WRWR ]Dt]HQt VLOQêP YQ MãtP ]iVDK|P PHFKDQLFNê RWHV VWDWLFNi HOHNWLQD Y\ããt QDS Wt E KHP ERXN\ DWG QHER MHM QHSRXåtYiWH VSUiYQêP ]S| VREHP P|åHWH ]S|VRELW SRUXFKX 6WDQHOL VH WDN SRVWXSXMWH QiVOHGRYQ 1 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX D RS W MHM ]DSQ WH 2 3RNXG VH ]Dt]HQt QH]DSQH RGSRMWH MHM ]H ]iVXYN\ D RS W ]DSRMWH SRWRP MHM ]NXVWH ]QRYX ]DSQRXW ÒGUåED T ýLãW Qt PDJQHWRIRQRYpKR SHKUiYDþH z =QHþLãW Qp PDJQHWRIRQRYp KODY\ QDYLMiN\ QHER YiOFH PRKRX VQtåLW NYDOLWX ]YXNX QHER ]S|VRELW QHåiGRXFt RGYtMHQt SiVN\ 9\þLVW WH W\WR þiVWL VPRWNHP YDW\ QD PRþHQpP Y E åQpP þLVWLþL KODYYiOF| QHER Y L]RSURS\ODONRKROX z 3R GREX þLãW Qt PDJQHWRIRQRYêFK KODY YiOF| DWG YåG\ Y\SRMWH ]Dt]HQt ]H ]GURMH HQHUJLH TAPE 1 A B C ý(6. < 3R]QiPND 3RNXG QHSRP|åH DQL MHGHQ ] SHGFKR]tFK SRVWXS| VPDåWH FHORX SDP z T 6PD]iQt FHOp SDP WL UHVHW 1 2 D E B C 2GVWUDQ Qt SRUXFKÒGUåED 3HSQ WH ]Dt]HQt GR SRKRWRYRVWQtKR UHåLPX WODþtWNHP 2167$1'%< 6WLVNQ WH ]iURYHt WODþtWND &/2&. [. . . ]