Podrobný návod k použití je v uživatelské příručce.
[. . . ] MH StVPHQR R]QDþXMtFt MHGQRWNX &'0520, D NOHSQ, WH QD >2. @1 =YROWH SRåDGRYDQê PRGHO WLVNiUQ\ D RYODGDþ D NOHSQ, WH QD >1H[W@1
81
. OHSQ, WH QD >+DYH 'LVN111@1
;1
91
-DNPLOH VH ]REUD]t RNQR >, QVWDOO IURP 'LVN@/ YORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201
<1
9H YêSLVX >$YDLODEOH 3RUWV@ Y\EHUWH >/374=(&3 3ULQWHU 3RUW@ D NOHSQ, WH QD >1H[W@1
54
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
451 -DNPLOH VH YH VORåFH 7LVNiUQ\ REMHYt LNRQD WLVNiUQ\/ MH NRQILJXUDFH KRWRYD1 :LQGRZV <8 41 51 61 431 3RWYU'WH MPpQR WLVNiUQ\ D ]DGHMWH/ ]GD Pi EêW WLVNiUQRX LPSOLFLWQt/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1 =DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@1 'YRMNOHSQ, WH QD S<tND] >$GG 3ULQWHU@1 -DNPLOH VH REMHYt SU$YRGFH >$GG 3ULQWHU :L]DUG@/ NOHSQ, WH QD >1H[W@1
71
=YROWH >/RFDO 3ULQWHU@ D NOHSQ, WH QD >1H[W@1
441 =DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ SDN NOHSQ, WH QD >)LQLVK@1
55
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:1
81
. OHSQ, WH QD >+DYH 'LVN111@1
9 SROL >&RS\ ILOHV IURP@ ]DGHMWH '=?'5, 9(56?:<8<;?-D]\N SUR SRVWVNULSWRYp RYODGDþH QHER RYODGDþH 3&/ +'=?MH StVPHQR R]QDþXMtFt MHGQRWNX &'0520, D NOHSQ, WH QD >2. @1 =YROWH SRåDGRYDQê PRGHO WLVNiUQ\ D RYODGDþ D NOHSQ, WH QD >1H[W@1
;1
91
-DNPLOH VH ]REUD]t RNQR >, QVWDOO IURP 'LVN@/ YORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201
<1
9H YêSLVX >$YDLODEOH 3RUWV@ Y\EHUWH >/374=(&3 3ULQWHU 3RUW@ D NOHSQ, WH QD >1H[W@1
56
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
451 -DNPLOH VH YH VORåFH 7LVNiUQD REMHYt LNRQD WLVNiUQ\/ MH NRQILJXUDFH KRWRYD1 :LQGRZV 17 713 3R]QiPND= 41 51 61 431 3RWYU'WH MPpQR WLVNiUQ\ D ]DGHMWH/ ]GD Pi EêW WLVNiUQRX LPSOLFLWQt/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1 3<L LQVWDODFL Y SURVW<HGt :LQGRZV 17 713 MVRX ]DSRW<HEt RSUiYQ, Qt VSUiYFH1
=DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@1 'YRMNOHSQ, WH QD S<tND] >$GG 3ULQWHU@1 -DNPLOH VH ]REUD]t >$GG 3ULQWHU:L]DUG@/ Y\EHUWH >0\ FRPSXWHU@ D NOHSQ, WH QD >1H[W@1
71 441 =DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ SDN NOHSQ, WH QD >)LQLVK@1
57
9H YêSLVX >$YDLODEOH 3RUWV@ Y\EHUWH >/374=(&3 3ULQWHU 3RUW@ D NOHSQ, WH QD >1H[W@1
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:1
81
. OHSQ, WH QD >+DYH 'LVN111@1 ;1
9 SROL >&RS\ PDQXIDFWXUHU•V ILOHV IURP@ ]DGHMWH '=?'5, 9(56?1773?-D]\N SUR SRVWVNULSWRYp RYODGDþH QHER RYODGDþH 3&/ +'=?MH StVPHQR R]QDþXMtFt MHGQRWNX &'0520, D NOHSQ, WH QD >2. @1 9\EHUWH WLVNiUQX D NOHSQ, WH QD >1H[W@1
91
-DNPLOH VH ]REUD]t RNQR >, QVWDOO IURP 'LVN@/ YORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201
58
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
<1
3RWYU'WH MPpQR WLVNiUQ\ D ]DGHMWH/ ]GD Pi EêW WLVNiUQRX LPSOLFLWQt/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1
441 =DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ NOHSQ, WH QD >1H[W@ D SDN QD >)LQLVK@1 451 -DNPLOH VH YH VORåFH 7LVNiUQ\ REMHYt LNRQD WLVNiUQ\/ MH NRQILJXUDFH KRWRYD1
431 =DGHMWH/ ]GD Pi WLVNiUQD EêW VGtOHQD/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1
59
7LVNiUQ\ <DG\ 2. , &:333
5R]KUDQt 86%
3R]QiPND= . DEHO UR]KUDQt 86% QHQt VRXþiVWt GRGiYN\ WLVNiUQ\1 3RXåLMWH NDEHO UR]KUDQt 86% RGSRYtGDMtFt VSHFLILNDFL 86% 4141 ‡
ýHãWLQD
MDNR -----/ ----- +FRS\5, / ----- +FRS\6, DWG1 7DWR R]QDþHQt ]iYLVHMt QD WRP/ Y MDNpP SR<DGt E\O\ WLVNiUQ\ S<LSRMHQ\ QHER ]DStQiQ\1 3RXåtYiWH0OL 86% KXE/ PXVt EêW S<LSRMHQ S<tPR N SRþtWDþL1
9ãHREHFQ,
5R]KUDQt 86% Pi QiVOHGXMtFt RPH]HQt= ‡ 1HIXQJXMH/ SRXåtYiWH0OL Q, NWHUê ] QiVOHGXMtFtFK RSHUDþQtFK V\VWpP$= 060'26 QHER :LQGRZV <82614217 713217 61841 1HIXQJXMH/ SRXåtYiWH0OL RSHUDþQt V\VWpP :LQGRZV <;/ NWHUê MH YêVOHGNHP XSJUDGH RSHUDþQtKR V\VWpPX :LQGRZV <826141 %, KHP WLVNX NDEHO UR]KUDQt 86% QHRGSRMXMWH1 . DEHO UR]KUDQt 86% QHS<LSRMXMWH2QHRGSRMXMWH RNDPåLW, SR MHKR RGSRMHQt2S<LSRMHQt1 3<HG NDåGêP ]QRYXRGSRMHQtP þL ]QRYXS<LSRMHQtP PXVt XSO\QRXW QHMPpQ, 8 VHNXQG1 &KRG WLVNiUQ\ QHQt ]DUXþHQ/ SRNXG MH ]D<t]HQt NRPSDWLELOQt V 86% ]DSRMHQR VRXE, åQ, V RVWDWQtPL ]D<t]HQtPL NRPSDWLELOQtPL V 86%1 3<L S<LSRMRYiQt Q, NROLND WLVNiUHQ WpKRå W\SX VH W\WR WLVNiUQ\ REMHYt YH VORåFH WLVNiUHQ
3<LSRMHQt
41 51 61 71 =NRQWUROXMWH/ ]GD MVRX WLVNiUQD L SRþtWDþ Y\SQXW\1 3<LSRMWH NDEHO UR]KUDQt 86% N SRUWX 86% SRþtWDþH1 'UXKê NRQHF NDEHOX UR]KUDQt 86% S<LSRMWH NH NRQHNWRUX 86% WLVNiUQ\1 1HMSUYH ]DSQ, WH WLVNiUQX/ SDN SRþtWDþ1
‡
‡ ‡
‡
‡
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
5:
2YODGDþ 86%
3R]QiPND= 41 , QVWDODFL RYODGDþH 86% MH W<HED SURYpVW SRX]H X RSHUDþQtKR V\VWpPX :LQGRZV <;1
51 61 71 81
=YROWH>6HDUFK IRU WKH EHVW GULYHU IRU P\ GHYLFH +5HFRPPHQGHG, @ D SDN NOHSQ, WH QD >1H[W@1 9ORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201 3<HVY, GþWH VH/ ]GD MH MHGQRWND &'0520 ]DãNUWQXWD/ D NOHSQ, WH QD >1H[W@1 -DNPLOH 26 :LQGRZV QDMGH RYODGDþ 86%/ NOHSQ, WH QD >1H[W@1
-DNPLOH VH ]REUD]t RNQR >$GG 1HZ +DUGZDUH :L]DUG@/ NOHSQ, WH QD >1H[W@1
91 :1
-DNPLOH VNRQþt NRStURYiQt VRXERU$/ NOHSQ, WH QD >)LQLVK@1 3RNXG VH RNQR >$GG 1HZ +DUGZDUH :L]DUG@ REMHYt ]QRYX/ NOHSQ, WH QD S<tND] >&DQFHO@ D UHVWDUWXMWH SRþtWDþ1
5;
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
. RQILJXUDFH SOXJ0DQG0SOD\
:LQGRZV 5333 3R]QiPND= 41 3<L LQVWDODFL Y SURVW<HGt :LQGRZV 5333 MVRX ]DSRW<HEt RSUiYQ, Qt VSUiYFH1
-DNPLOH VH ]REUD]t RNQR >)RXQG 1HZ +DUGZDUH :L]DUG@/ NOHSQ, WH QD >1H[W@1
51 61 71
=YROWH >6HDUFK IRU WKH EHVW GULYHU IRU P\ GHYLFH +5HFRPPHQGHG, @ D NOHSQ, WH QD >1H[W@1 =YROWH >6SHFLI\ D ORFDWLRQ@ D NOHSQ, WH QD >1H[W@1 9ORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201 81 =UXãWH ]DãNUWQXWt X >)ORSS\ GLVN GULYH@ D ]DãNUWQ, WH YROEX >&'0520 GULYH@/ SDN NOHSQ, WH QD >1H[W@/ þtPå VH LPSOLFLWQ, QDLQVWDOXMH RYODGDþ WLVNiUQ\ 3&/1
5<
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
1(%2 &KFHWH0OL QDLQVWDORYDW MLQê RYODGDþ WLVNiUQ\/ ]UXãWH ]DãNUWQXWt X >)ORSS\ GLVN GULYH@ L >&'0520 GULYH@ D ]DãNUWQ, WH S<tND] >6SHFLI\ D ORFDWLRQ@1 =DGHMWH FHVWX N S<tVOXãQêP RYODGDþ$P '=?'5, 9(56?:, 15333?-D]\N +NGH '=?MH StVPHQR MHGQRWN\ &'0520, / SDN NOHSQ, WH QD >1H[W@ D Y\EHUWH SRåDGRYDQê RYODGDþ WLVNiUQ\1 91 3<HVY, GþWH VH/ ]GD MH WLVNRYê RYODGDþ S<LSUDYHQ N LQVWDODFL/ D NOHSQ, WH QD >1H[W@1 <1 =DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@/ SDN NOHSQ, WH SUDYêP WODþtWNHP QD LNRQX WLVNiUQ\ D ]YROWH S<tND] >6HW DV 'HIDXOW 3ULQWHU@1
:LQGRZV <; QHER :LQGRZV 0LOOHQLXP 41 -DNPLOH VH ]REUD]t RNQR >$GG 1HZ +DUGZDUH :L]DUG@/ NOHSQ, WH QD >1H[W@1
:1 ;1
=DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ NOHSQ, WH QD >1H[W@ D SDN QD >)LQLVK@1 9 RNQ, >'LJLWDO 6LJQDWXUH 1RW )RXQG@ NOHSQ, WH QD ><HV@1 =DþQH NRStURYiQt VRXERU$1
7LVNiUQ\ <DG\ 2. , &:333
63
ýHãWLQD
51
=YROWH S<tND] >6HDUFK IRU WKH EHVW GULYHU IRU \RXU GHYLFH +5HFRPPHQGHG, @ D NOHSQ, WH QD >1H[W@1
81
-DNPLOH 26 :LQGRZV QDMGH RYODGDþ WLVNiUQ\/ NOHSQ, WH QD >1H[W@1
61 71
9ORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201 =UXãWH ]DãNUWQXWt X >)ORSS\ GLVN GULYH@ D ]DãNUWQ, WH YROEX >&'0520 GULYH@/ SDN NOHSQ, WH QD >1H[W@/ þtPå VH LPSOLFLWQ, QDLQVWDOXMH RYODGDþ WLVNiUQ\ 3&/1 1(%2 &KFHWH0OL QDLQVWDORYDW MLQê RYODGDþ WLVNiUQ\/ ]UXãWH ]DãNUWQXWt X >)ORSS\ GLVN GULYH@ L >&'0520 GULYH@ D ]DãNUWQ, WH S<tND] >6SHFLI\ D ORFDWLRQ@1 =DGHMWH '=?'5, 9(56?:<8<;?-D]\N +NGH '=? [. . . ] MH StVPHQR MHGQRWN\ &'0520, / SDN NOHSQ, WH QD >1H[W@ D Y\EHUWH SRåDGRYDQê RYODGDþ WLVNiUQ\1 91 3<HVY, GþWH VH/ ]GD MH WLVNRYê RYODGDþ S<LSUDYHQ N LQVWDODFL/ D NOHSQ, WH QD >1H[W@1 <1 =DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@/ SDN NOHSQ, WH SUDYêP WODþtWNHP QD LNRQX WLVNiUQ\ D ]YROWH S<tND] >6HW DV 'HIDXOW 3ULQWHU@1
:LQGRZV <; QHER :LQGRZV 0LOOHQLXP 41 -DNPLOH VH ]REUD]t RNQR >$GG 1HZ +DUGZDUH :L]DUG@/ NOHSQ, WH QD >1H[W@1
:1 ;1
=DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ NOHSQ, WH QD >1H[W@ D SDN QD >)LQLVK@1 9 RNQ, >'LJLWDO 6LJQDWXUH 1RW )RXQG@ NOHSQ, WH QD ><HV@1 =DþQH NRStURYiQt VRXERU$1
7LVNiUQ\ <DG\ 2. , &:333
63
ýHãWLQD
51
=YROWH S<tND] >6HDUFK IRU WKH EHVW GULYHU IRU \RXU GHYLFH +5HFRPPHQGHG, @ D NOHSQ, WH QD >1H[W@1
81
-DNPLOH 26 :LQGRZV QDMGH RYODGDþ WLVNiUQ\/ NOHSQ, WH QD >1H[W@1
61 71
9ORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201 =UXãWH ]DãNUWQXWt X >)ORSS\ GLVN GULYH@ D ]DãNUWQ, WH YROEX >&'0520 GULYH@/ SDN NOHSQ, WH QD >1H[W@/ þtPå VH LPSOLFLWQ, QDLQVWDOXMH RYODGDþ WLVNiUQ\ 3&/1 1(%2 &KFHWH0OL QDLQVWDORYDW MLQê RYODGDþ WLVNiUQ\/ ]UXãWH ]DãNUWQXWt X >)ORSS\ GLVN GULYH@ L >&'0520 GULYH@ D ]DãNUWQ, WH S<tND] >6SHFLI\ D ORFDWLRQ@1 =DGHMWH '=?'5, 9(56?:<8<;?-D]\N +NGH '=?MH StVPHQR MHGQRWN\ &'0520, / SDN NOHSQ, WH QD >1H[W@ D Y\EHUWH SRåDGRYDQê RYODGDþ WLVNiUQ\1
91
3RWYU'WH MPpQR WLVNiUQ\ D ]DGHMWH/ ]GD Pi EêW WLVNiUQRX LPSOLFLWQt/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
64
:1 ;1
=DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ SDN NOHSQ, WH QD >)LQLVK@1 -DNPLOH VH YH VORåFH 7LVNiUQ\ REMHYt LNRQD WLVNiUQ\/ MH NRQILJXUDFH KRWRYD1
71
=YROWH >/RFDO 3ULQWHU@/ ]UXãWH ]DãNUWQXWt X S<tND]X >$XWRPDWLFDOO\ GHWHFW DQG LQVWDOO P\ 3OXJ DQG 3OD\ SULQWHU@ D NOHSQ, WH QD >1H[W@1
. RQILJXUDFH V SRXåLWtP 3U$YRGFH S<LGiQtP WLVNiUQ\
:LQGRZV 5333 3R]QiPND= 41 51 61 3<L LQVWDODFL Y SURVW<HGt :LQGRZV 5333 MVRX ]DSRW<HEt RSUiYQ, Qt VSUiYFH1
=DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@1 'YRMNOHSQ, WH QD S<tND] >$GG 3ULQWHU@1 -DNPLOH VH REMHYt RNQR >$GG 3ULQWHU :L]DUG@/ NOHSQ, WH QD >1H[W@1 81 =YROWH S<tND] >8VH WKH IROORZLQJ SRUW@ D ]DGHMWH >86%[[[@/ SDN NOHSQ, WH QD >1H[W@1
65
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
91
. OHSQ, WH QD >+DYH 'LVN111@1
<1
=YROWH SRåDGRYDQê PRGHO WLVNiUQ\ D RYODGDþ D NOHSQ, WH QD >1H[W@1
:1
-DNPLOH VH REMHYt RNQR >, QVWDOO IURP 'LVN@/ YORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201
431 3RWYU'WH MPpQR WLVNiUQ\ D ]DGHMWH/ ]GD Pi EêW WLVNiUQRX LPSOLFLWQt/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1
;1
9 SROL >&RS\ PDQXIDFWXUHU•V ILOHV IURP@ ]DGHMWH '=?'5, 9(56?:, 15333?-D]\N SUR SRVWVNULSWRYp RYODGDþH QHER RYODGDþH 3&/ +'=?MH StVPHQR MHGQRWN\ &'0520, D NOHSQ, WH QD >2. @1
66
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
441 =DGHMWH/ ]GD Pi WLVNiUQD EêW VGtOHQD/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1
461 9 RNQ, >'LJLWDO 6LJQDWXUH 1RW )RXQG@ NOHSQ, WH QD ><HV@1 =DþQH NRStURYiQt VRXERU$1 471 =DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@/ SDN NOHSQ, WH SUDYêP WODþtWNHP QD LNRQX WLVNiUQ\ D ]YROWH S<tND] >6HW DV 'HIDXOW 3ULQWHU@1 :LQGRZV <; 41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@0>6HWWLQJV@0>3ULQWHUV@1 'YRMNOHSQ, WH QD S<tND] >$GG 3ULQWHU@1 -DNPLOH VH REMHYt S<tND] >$GG 3ULQWHU:L]DUG@/ NOHSQ, WH QD >1H[W@1
451 =DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ NOHSQ, WH QD >1H[W@ D SDN QD >)LQLVK@1
71
=YROWH >/RFDO 3ULQWHU@ D NOHSQ, WH QD >1H[W@1
67
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:1
81
. OHSQ, WH QD >+DYH 'LVN111@1
9 SROL >&RS\ ILOHV IURP@ ]DGHMWH '=?'5, 9(56?:<8<;?-D]\N SUR SRVWVNULSWRYp RYODGDþH QHER RYODGDþH 3&/ +'=?MH StVPHQR R]QDþXMtFt MHGQRWNX &'0520, D NOHSQ, WH QD >2. @1 =YROWH SRåDGRYDQê PRGHO WLVNiUQ\ D RYODGDþ D NOHSQ, WH QD >1H[W@1
;1
91
-DNPLOH VH ]REUD]t RNQR >, QVWDOO IURP 'LVN@/ YORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201
<1
9H YêSLVX >$YDLODEOH 3RUWV@ ]YROWH >23486%[@ D NOHSQ, WH QD >1H[W@1
68
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
441 =DGHMWH/ ]GD Pi EêW Y\WLVNQXWD ]NXãHEQt VWUiQND/ SDN NOHSQ, WH QD >)LQLVK@1 451 -DNPLOH VH YH VORåFH 7LVNiUQ\ REMHYt LNRQD WLVNiUQ\/ MH NRQILJXUDFH KRWRYD1
431 3RWYU'WH MPpQR WLVNiUQ\ D ]DGHMWH/ ]GD Pi EêW WLVNiUQRX LPSOLFLWQt/ þL QLNROLY/ SDN NOHSQ, WH QD >1H[W@1
69
7LVNiUQ\ <DG\ 2. , &:333
3R]QiPND 4= 3UR S<LSRMHQt N VtWL MH ]DSRW<HEt YROLWHOQi NDUWD VtW¶RYpKR UR]KUDQt (WKHUQHW +1, &, 1 , QIRUPDFH R LQVWDODFL NDUW\ VtW¶RYpKR UR]KUDQt QDMGHWH Y . DSLWROH ; 0 9ROLWHOQp S<tVOXãHQVWYt1 3R]QiPND 5= 3<L LQVWDODFL V SRXåLWtP S<LSRMHQt N VtWL MVRX ]DSRW<HEt RSUiYQ, Qt VSUiYFH1 41 3<HVY, GþWH VH/ ]GD MH KODYQt Y\StQDþ WLVNiUQ\ Y\SQXW1 51 3<LSRMWH NDEHO VtW¶RYpKR UR]KUDQt +NURXFHQi GYRMLWi ã6$UD, GR ]iVXYN\ NDUW\ VtW¶RYpKR UR]KUDQt WLVNiUQ\1 'UXKê NRQHF NDEHOX VtW¶RYpKR UR]KUDQt S<LSRMWH GR VtW¶RYp ]iVXYN\1 =DSQ, WH WLVNiUQX1
3<LSRMHQt N VtWL
ýHãWLQD
81
3RPRFt SU$YRGFH $GG 3ULQWHU :L]DUG QDLQVWDOXMWH RYODGDþ WLVNiUQ\ D QDNRQILJXUXMWH MHM QD VtW¶RYê SRUW/ N Q, PXå MH WLVNiUQD S<LSRMHQD1 3RGUREQ, Mãt LQIRUPDFH R WRP/ MDN NRQILJXURYDW VtW¶RYp S<LSRMHQt/ QDMGHWH Y S<tVOXãQp þiVWL XåLYDWHOVNp S<tUXþN\ NDUW\ VtW¶RYpKR UR]KUDQt1
91
61 71
. DSLWROD 5 0 , QVWDODFH Y SURVW<HGt :LQGRZV
6:
6;
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
. DSLWROD 6 0 , QVWDODFH Y SURVW<HGt 0DFLQWRVK
3<LSRMHQt 86%
3URYR]Qt SURVW<HGt
‡ ‡ ‡ 0DF26 ;18 QHER Y\ããt/ SUDFXMtFt QD SRþtWDþL 0DFLQWRVK V UR]KUDQtP 86%1 %, KHP WLVNX NDEHO UR]KUDQt 86% QHRGSRMXMWH1 . DEHO UR]KUDQt 86% QHS<LSRMXMWH2QHRGSRMXMWH RNDPåLW, SR MHKR RGSRMHQt2S<LSRMHQt1 3<HG NDåGêP ]QRYXRGSRMHQtP þL ]QRYXS<LSRMHQtP PXVt XSO\QRXW QHMPpQ, 8 VHNXQG1 &KRG WLVNiUQ\ QHQt ]DUXþHQ/ SRNXG MH ]D<t]HQt NRPSDWLELOQt V 86% ]DSRMHQR VRXE, åQ, V RVWDWQtPL ]D<t]HQtPL NRPSDWLELOQtPL V 86%1 3<L S<LSRMRYiQt Q, NROLND WLVNiUHQ WpKRå W\SX VH Y RNQ, &KRRVHU ]REUD]t W\WR WLVNiUQ\ MDNR -----4/ -----5/ -----6 DWG1 7DWR R]QDþHQt ]iYLVHMt QD WRP/ Y MDNpP SR<DGt E\O\ WLVNiUQ\ S<LSRMHQ\ QHER ]DStQiQ\1 ‡ ‡ ‡ 3RXåtYiWH0OL 86% KXE/ PXVt EêW S<LSRMHQ S<tPR N SRþtWDþL1 7LVN ] SR]DGt Q, NG\ QHO]H UHDOL]RYDW/ MH0OL QDVWDYHQt SDP, WL SUR PRQLWRU WLVNX Qt]Np D WDNp SRGOH W\SX GRNXPHQWX1 &KFHWH0OL WLVNQRXW ] SR]DGt EH] SUREOpP$/ ]Y\ãWH QDVWDYHQt SDP, WL SUR PRQLWRU WLVNX1 9 ]iYLVORVWL QD W\SX SRþtWDþH MH Q, NG\ W<HED SURYpVW XSJUDGH RSHUDþQtKR V\VWpPX/ QDS<1 L0DF 8SGDWH 413/ L0DF 8SGDWH 414/ L0DF )LUPZDUH 8SGDWH DWG1 3RGUREQ, Mãt LQIRUPDFH R SRVOHGQtFK YHU]tFK 26 D LQVWDODFL YiP SRVN\WQH VSROHþQRVW $SSOH &RPSXWHUV1
‡
‡
3<LSRMHQt
3R]QiPND= . DEHO UR]KUDQt 86% QHQt VRXþiVWt GRGiYN\ WLVNiUQ\1 3RXåLMWH NDEHO UR]KUDQt 86% RGSRYtGDMtFt VSHFLILNDFL 86% 4141
. DSLWROD 6 0 , QVWDODFH Y SURVW<HGt 0DFLQWRVK
39
41 51 61 71
=NRQWUROXMWH/ ]GD MVRX WLVNiUQD L SRþtWDþ Y\SQXW\1 3<LSRMWH NDEHO UR]KUDQt 86% N SRUWX 86% SRþtWDþH1 'UXKê NRQHF NDEHOX UR]KUDQt 86% S<LSRMWH NH NRQHNWRUX 86% WLVNiUQ\1 1HMSUYH ]DSQ, WH WLVNiUQX/ SDN SRþtWDþ1 61 'YRMNOHSQ, WH QD SRORåNX >$GREH 36 , QVWDOOHU@1
, QVWDODFH RYODGDþH WLVNiUQ\
3R]QiPND= 41 51 3<HG LQVWDODFt RYODGDþH WLVNiUQ\ Y\SQ, WH YãHFKQ\ DQWLYLURYp SURJUDP\1 71 1D REUD]RYFH $GREH 3RVW6FULSW 'ULYHU NOHSQ, WH QD S<tND] >&RQWLQXH@ D SRVWXSXMWH SRGOH SRN\Q$/ NWHUp MVRX QD Qt XYHGHQ\1
9ORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201 2WHY<HWH >'ULYHUV@ D RWHY<HWH VORåNX V SRåDGRYDQêP MD]\NHP1
73
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
81 91
3R XNRQþHQt LQVWDODFH RYODGDþH WLVNiUQ\ NOHSQ, WH QD WODþtWNR >5HVWDUW@1 3R ]QRYXVSXãW, Qt SRþtWDþH E\ VH QD SUDFRYQt SORãH RNQD &KRRVHU P, OD REMHYLW LNRQD $GREH 361
51
=YROWH SRORåNX >3ULQWHU +86%, @ D NOHSQ, WH QD >2. @1
9\WYR<HQt WLVNiUQ\ QD SUDFRYQt SORãH
41 9 SR<DGDþL . RPSRQHQW\ $GREH 36 QDFKi]HMtFtP VH QD QHMY\ããt ~URYQL DGUHVi<$ QD SHYQpP GLVNX GYRMNOHSQ, WH QD >8WLOLWD VWROQt WLVNiUQ\@1
61
. OHSQ, WH QD WODþtWNR >=P, QLW@ X SRORåN\ >6RXERU SRSLVX SRVWVNULSWRYp WLVNiUQ\ +33', @1
3R]QiPND=
3<L LQVWDODFL RYODGDþH WLVNiUQ\ $GREH 36 VH GR VORåN\ $GREH 36 &RPSRQHQWV QDLQVWDOXMH WDNp XWLOLWD 'HVNWRS 3ULQWHU 8WLOLW\1
. DSLWROD 6 0 , QVWDODFH Y SURVW<HGt 0DFLQWRVK
41
81
9 þiVWL >9êE, U WLVNiUQ\ 86%@ NOHSQ, WH QD WODþtWNR >=P, QLW«@
71
9 SR<DGDþL 2YODGDþH=MD]\N QD &' Y\EHUWH VRXERU 33' SUR WLVNiUQX1 91 9\EHUWH WLVNiUQX D NOHSQ, WH QD WODþtWNR >2. @1
75
7LVNiUQ\ <DG\ 2. , &:333
3<LSRMHQt N VtWL
ýHãWLQD
3R]QiPND 4= 3UR S<LSRMHQt N VtWL MH ]DSRW<HEt YROLWHOQi NDUWD VtW¶RYpKR UR]KUDQt (WKHUQHW +1, &, 1 , QIRUPDFH R LQVWDODFL NDUW\ QDMGHWH Y . DSLWROH ; 0 9ROLWHOQp S<tVOXãHQVWYt1 3R]QiPND 5= 3<L LQVWDODFL V SRXåLWtP S<LSRMHQt N VtWL MVRX ]DSRW<HEt RSUiYQ, Qt VSUiYFH1
3URYR]Qt SURVW<HGt
0DF26 ;18 QHER Y\ããt/ SUDFXMtFt QD SRþtWDþL 0DFLQWRVK V UR]KUDQtP (WKHU7DON1 :1 . OHSQ, WH QD WODþtWNR >9\WYR<LW@/ ]DGHMWH MPpQR WLVNiUQ\ D NOHSQ, WH QD WODþtWNR >8ORåLW@1
3<LSRMHQt
41 3<HVY, GþWH VH/ ]GD MH KODYQt Y\StQDþ WLVNiUQ\ Y\SQXW1
3R]QiPND= ;1
1D SUDFRYQt SORãH VH REMHYt LNRQD WLVNiUQ\1
=DY<HWH XWLOLWX 'HVNWRS 3ULQWHU 8WLOLW\1
43
. DSLWROD 6 0 , QVWDODFH Y SURVW<HGt 0DFLQWRVK
51
3<LSRMWH NDEHO VtW¶RYpKR UR]KUDQt +NURXFHQi GYRMLWi ã6$UD, GR ]iVXYN\ NDUW\ VtW¶RYpKR UR]KUDQt WLVNiUQ\1 'UXKê NRQHF NDEHOX VtW¶RYpKR UR]KUDQt S<LSRMWH GR VtW¶RYp ]iVXYN\1 =DSQ, WH WLVNiUQX1 3RGUREQ, Mãt LQIRUPDFH R WRP/ MDN NRQILJXURYDW VtW¶RYp S<LSRMHQt/ QDMGHWH Y S<tVOXãQp þiVWL XåLYDWHOVNp S<tUXþN\ NDUW\ VtW¶RYpKR UR]KUDQt1
91 :1
9 QDEtGFH $SSOH RWHY<HWH >3<LSRMLW@ 1 . OHSQ, WH QD SRORåNX >$GREH 36@ D ]YROWH MPpQR WLVNiUQ\1
61 71 81
3R]QiPND 4= 3RXåtYiWH0OL NDUWX VtW¶RYpKR UR]KUDQt (WKHUQHW/ MPpQR WLVNiUQ\ VH EXGH VNOiGDW ] StVPHQ 23 D SRVOHGQtFK ãHVWL þtVOLF HWKHUQHWRYp DGUHV\1 3R]QiPND 5= 9 GLDJQRVWLFNpP WHVWX NDUW\ VtW¶RYpKR UR]KUDQt VH MPpQR WLVNiUQ\ XYiGt MDNR MPpQR REMHNWX1 ;1 <1 . OHSQ, WH QD >&UHDWH@ D YHGOH MPpQD WLVNiUQ\ E\ VH P, OD REMHYLW LNRQD1 8]DY<HWH RNQR DSOLNDFH >&KRRVHU@1 1D SUDFRYQt SORãH E\ VH P, OD ]REUD]LW LNRQD WLVNiUQ\1
, QVWDODFH RYODGDþH WLVNiUQ\
0$åHWH SRXåtW EX'WR RYODGDþ $GREH 3RVW6FULSW/ QHER RYODGDþ /DVHU:ULWHU1 8 RYODGDþH $GREH 3RVW6FULSW ;1:/ PXVt YãDN EêW SRXåLW RSHUDþQt V\VWpP 0DF26 ;18 QHER Y\ããt1 41 51 61 71 9ORåWH &'0520 VH VRIWZDUH WLVNiUQ\ GR MHGQRWN\ &'05201 2WHY<HWH VORåNX >'ULYHU@1 'YRMNOHSQ, WH QD SRORåNX >$GREH 36 , QVWDOOHU@1 1D REUD]RYFH $GREH 3RVW6FULSW 'ULYHU NOHSQ, WH QD >&RQWLQXH@ D SRVWXSXMWH SRGOH SRN\Q$/ NWHUp MVRX QD Qt XYHGHQ\1 3R LQVWDODFL RYODGDþH SRþtWDþ UHVWDUWXMWH> Y RNQ, &KRRVHU E\ VH P, OD REMHYLW LNRQD $GREH 361
3R]QiPND=
81
77
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
3DStU
'UXK\ SDStUX D REiOHN
9êUREFH WpWR WLVNiUQ\ GRSRUXþXMH GRGUåRYDW S<L YêE, UX SDStUX D REiOHN SUR WXWR WLVNiUQX QiVOHGXMtFt ]iVDG\= ‡ 9HãNHUê SDStU D REiON\ E\ P, O\ EêW XORåHQ\ QDSORFKR/ QD VXFKpP PtVW, / PLPR GRVDK S<tPpKR VOXQHþQtKR VYLWX D Y GRVWDWHþQp Y]GiOHQRVWL RG WHSHOQêFK ]GURM$1 3UR QRUPiOQt WLVN SRXåtYHMWH SDStU V KODGNRX SRYUFKRYRX ~SUDYRX/ QDS<tNODG V KRGQRWRX 583 D PpQ, QD W]Y1 6KHIILHOGVNp VWXSQLFL +KODGNRVW, / NWHUê MH XUþHQ SUR ODVHURYp WLVNiUQ\1 0iWH0OL SRFK\EQRVWL/ VSRMWH VH VH VYêP GRGDYDWHOHP NDQFHOi<VNêFK SRW<HE1 3RXåtYHMWH REiON\ XUþHQp SUR ODVHURYp WLVNiUQ\1 3RXåLWt PQRKRYUVWHYQpKR SDStUX QHER SDStUX V YêUD]QRX WH[WXURX SRGVWDWQ, VQLåXMH åLYRWQRVW REUD]RYpKR YiOFH D NYDOLWX WLVNX1 ‡ ‡ 1HSRXåtYHMWH S<tOLã KODGNê QHER OHVNOê SDStU1 1HSRXåtYHMWH UHOLpIQt KODYLþNRYê SDStU/ YHOPL KUXEê SDStU/ DQL SDStU/ MHKRå GY, VWUDQ\ VH FR GR ]UQLWRVWL YêUD]Q, OLãt1 1HSRXåtYHMWH SDStU V SHUIRUDFt/ Y\VW<tKDQêPL RNpQN\ D RW<HSDQêPL RNUDML1 1HSRXåtYHMWH REiON\ V RNpQN\ QHER NRYRYêPL VYRUNDPL1 1HSRXåtYHMWH REiON\ VH VDPROHSLFtPL FKORSQ, PL1 1HSRXåtYHMWH YOKNê/ SRãNR]HQê QHER ]NURXFHQê SDStU D REiON\1 1HSRXåtYHMWH NRStURYDFt SDStU/ IRWRFLWOLYê SDStU/ SDStU W\SX 1&5/ SDStU FLWOLYê QD WODN QHER SDStU XUþHQê SUR WHSHOQê S<HQRV1
‡ ‡ ‡ ‡ ‡
‡
‡ ‡
3U$VYLWQp IyOLH D VDPROHSLFt ãWtWN\
9êUREFH WpWR WLVNiUQ\ GRSRUXþXMH GRGUåRYDW S<L YêE, UX SU$VYLWQêFK IyOLt D VDPROHSLFtFK ãWtWN$ SUR WXWR WLVNiUQX QiVOHGXMtFt ]iVDG\=
78
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
‡ ‡ ‡
0pGLD PXVt EêW XUþHQD SUR EDUHYQp ODVHURYp WLVNiUQ\ D NRStUN\1 0pGLD PXVt DOHVSR6 SR GREX 3/4 VHNXQG\ Y\GUåHW WHSORWX 533ƒ&1 âWtWN\ E\ P, O\ SRNUêYDW FHORX SORFKX QRVQpKR DUFKX1
‡
1RVQp IyOLH ãWtWN$ DQL VDPROHSLFt SRGNODG QHVPt S<LMtW GR VW\NX V åiGQRX þiVWt WLVNiUQ\1
3RGiYiQt D YêVWXS SDStUX
9êE, U SRGDYDþH SDStUX D YêVWXSX SDStUX S<L WLVNX D GRVWXSQRVW MHGQRGXFKpKR þL GXSOH[QtKR WLVNX ]iYLVHMt QD IRUPiWX SDStUX/ JUDPiåL D W\SX PpGLD1 2ULHQWXMWH VH SRGOH QiVOHGXMtFtFK WDEXOHN1
9êVWXS 5XþQt =DGQt +OtFHP QDKRUX, +RUQt +OtFHP GRO$, -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL
7DEXOND 4= )RUPiW\ SDStUX
)RUPiW SDStUX )RUPiW $7 )RUPiW $8 )RUPiW $9 )RUPiW %8 )RUPiW /HWWHU )RUPiW /HJDO +46 SDOF$, )RUPiW /HJDO +47 SDOF$, )RUPiW ([HFXWLYH 2EiON\ +&RP0</ &RP043> '/> &8> &7> 0RQDUFK, 3RGiYiQt =iVREQtN 4 -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL =iVREQtN 526 -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL
-HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN
1HVWDQGDUGQt +ãt<ND :9/5 Då 548/< 1HQt N GLVSR]LFL PP> YêãND 45:/3 Då 688/9 PP,
79
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
7DEXOND 5= *UDPiåH SDStUX D QDVWDYHQt PpGLt
*UDPiå SDStUX 8< Då 97 J2P
5
*UDPiå PpGLD /HKNi 6W<HGQ, OHKNi 6W<HGQt
3RGiYiQt =iVREQtN 4 -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL -HGQRGXFKê WLVN =iVREQtN 526 -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL 5XþQt /tFHP QDKRUX
9êVWXS /tFHP GRO$ -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL 1HQt N GLVSR]LFL
-HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQ12GXSOH[Qt WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN -HGQRGXFKê WLVN
98 Då :7 J2P5 :8 Då <3 J2P
5
<4 Då 437 J2P5 6W<HGQ, W, åNi 438 Då 455 J2 P5 P5 456 Då 536 J2 3U$VYLWQp IyOLH âWtWN\ 4 âWtWN\ 5 7, åNi 9HOPL W, åNi
WORXãÚND 3/4 Då 1HQt N GLVSR]LFL 3/4: PP WORXãÚND 3/4: Då 3/5 PP 1HQt N GLVSR]LFL
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
7:
9NOiGiQt SDStUX
=iVREQtN SDStUX
41 51 61 71 9\MP, WH ]iVREQtN SDStUX ] WLVNiUQ\1 8SUDYWH SRORKX YRGLFtFK OLãW D ]DGQt ]DUiåN\ WDN/ DE\ RGSRYtGDOD SRXåLWpPX IRUPiWX SDStUX1 0H]L SDStUHP D YRGLFtPL OLãWDPL D ]DGQt ]DUiåNRX QHVPt EêW åiGQê YROQê SURVWRU1 'R ]iVREQtNX QHYNOiGHMWH YtFH SDStUX/ QHå RGSRYtGi ]QDþFH 3DSHU )XOO +3OQê ]iVREQtN, 1 6NXWHþQi NDSDFLWD ]iYLVt QD GUXKX D JUDPiåL SRXåLWpKR SDStUX1 'EHMWH QD WR/ DE\ QHGRãOR N ]PDþNiQt/ S<HORåHQt QHER MLQpPX SRãNR]HQt SDStUX1 'R ]iVREQtNX QHYNOiGHMWH OLVW\ U$]QêFK IRUPiW$/ V U$]QRX NYDOLWRX QHER WORXãW¶NRX1 3DStU GR ]iVREQtNX YNOiGHMWH YåG\ QD GpONX1 -H0OL Y KRUQt þiVWL SDStUX KODYLþND/ YORåWH S<L WLVNX QD YêãNX SDStU GR ]iVREQtNX WDN/ DE\ VWUDQD V KODYLþNRX E\OD RWRþHQD OtFHP GRO$ D KODYLþND E\OD Y ]DGQt þiVWL ]iVREQtNX1 -H0OL KODYLþND X OHYpKR RNUDMH/ YORåWH SDStU OtFHP GRO$ D KODYLþNRX QD OHYp VWUDQ, 1 ;1 <1 3<L YNOiGiQt SDStUX GR ]iVREQtNX QHSRXåtYHMWH QH~P, UQRX VtOX1 6SRGQt ]iVREQtN +MH0OL MtP WLVNiUQD Y\EDYHQD, VH QHGi SRXåtW/ SRNXG GR WLVNiUQ\ QHQt YORåHQ KRUQt ]iVREQtN1
81 91 :1
3R]QiPND=
431 =iVREQtN SDStUX E, KHP WLVNX QHY\MtPHMWH1 441 3<L WLVNX OtFHP GRO$ ]NRQWUROXMWH/ ]GD MH ]DGQt YêVWXS X]DY<HQ D ]GD SDStU Y\FKi]t Y KRUQt þiVWL WLVNiUQ\1 3DStU VH VNOiGi Y SR<DGt/ Y MDNpP MH Y\WLVNQXW/ S<LþHPå NDSDFLWD ]iVREQtNX MH ]KUXED 833 OLVW$ +SRGOH JUDPiåH SDStUX, 1
7LVNiUQ\ <DG\ 2. , &:333
7;
ýHãWLQD
451 3<L WLVNX OtFHP QDKRUX VH S<HVY, GþWH/ ]GD MH ]DGQt YêVWXS RWHY<HQ D QiVWDYHF Y\VXQXW1 3DStU VH VNOiGi Y REUiFHQpP SR<DGt/ NDSDFLWD ]iVREQtNX MH ]KUXED 433 OLVW$ +SRGOH JUDPiåH SDStUX, 1 3R]QiPND= %, KHP WLVNX ]DGQt YêVWXS QHRWHYtUHMWH DQL QH]DYtUHMWH/ QHERW¶ E\ PRKOR GRMtW N ]DEORNRYiQt SRVXYX SDStUX1
61
'R ]iVREQtNX QHYNOiGHMWH YtFH SDStUX/ QHå RGSRYtGi ]QDþFH 3DSHU )XOO +3OQê ]iVREQtN, 1 . DSDFLWD UXþQtKR ]iVREQtNX MH ]KUXED 433 OLVW$ +SRGOH JUDPiåH SRXåLWpKR SDStUX, 1 -H0OL Y KRUQt þiVWL SDStUX KODYLþND/ YORåWH S<L WLVNX QD YêãNX SDStU GR ]iVREQtNX WDN/ DE\ VWUDQD V KODYLþNRX E\OD RWRþHQD OtFHP GRO$ D KODYLþND E\OD Y ]DGQt þiVWL ]iVREQtNX1 -H0OL KODYLþND X OHYpKR RNUDMH/ YORåWH SDStU OtFHP GRO$ D KODYLþNRX QD OHYp VWUDQ, 1
3R]QiPND=
5XþQt SRGiYiQt
41 51 2WHY<HWH ]iVREQtN SUR UXþQt SRGiYiQt D Y\VX6WH YRGLFt OLãW\ SDStUX1 8 MHGQRGXFKpKR WLVNX YORåWH SDStU GR ]iVREQtNX OtFHP QDKRUX/ X GXSOH[QtKR WLVNX OtFHP GRO$1 71
3<L WLVNX OtFHP GRO$ ]NRQWUROXMWH/ ]GD MH ]DGQt YêVWXS X]DY<HQ D ]GD SDStU Y\FKi]t Y KRUQt þiVWL WLVNiUQ\1 3DStU VH VNOiGi Y SR<DGt/ Y MDNpP MH Y\WLVNQXW/ NDSDFLWD ]iVREQtNX MH ]KUXED 833 OLVW$ +SRGOH JUDPiåH SRXåLWpKR SDStUX, 1
7<
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
81
3<L WLVNX OtFHP QDKRUX VH S<HVY, GþWH/ ]GD MH ]DGQt YêVWXS RWHY<HQ D QiVWDYHF Y\VXQXW1 3DStU VH VNOiGi Y REUiFHQpP SR<DGt/ NDSDFLWD ]iVREQtNX MH ]KUXED 433 OLVW$ +SRGOH JUDPiåH SDStUX, %, KHP WLVNX ]DGQt YêVWXS QHRWHYtUHMWH DQL QH]DYtUHMWH/ QHERW¶ E\ PRKOR GRMtW N ]DEORNRYiQt SRVXYX SDStUX1
3RGiYiQt SDStUX/ IRUPiW D PpGLD
3R]QiPND 4= 3RNXG VH SDUDPHWU\ WLVNiUQ\ QDVWDYHQp UXþQ, OLãt RG QDVWDYHQt RYODGDþH WLVNiUQ\/ WLVNiUQD QHEXGH WLVNQRXW D QD GLVSOHML VH ]REUD]t FK\ERYp KOiãHQt1 3R]QiPND 5= 1iVOHGXMtFt LQVWUXNFH WêNDMtFt VH RYODGDþH WLVNiUQ\ MVRX SRX]H RULHQWDþQt1 1, NWHUp VRIWZDURYp DSOLNDFH/ QDS<tNODG 0LFURVRIW 2IILFH/ Y\åDGXMt/ DE\ SRGiYiQt SDStUX/ IRUPiW D GUXKp PpGLD E\O\ QDVWDYHQ\ S<tPR ] SURVW<HGt DSOLNDFH1 =D QRUPiOQtFK RNROQRVWt VH W\WR KRGQRW\ QDVWDYXMt VOHGHP S<tND]$ >)LOH@ 0 >3DJH RU 'RFXPHQW 6HWXS@ QHER >)LOH@ 0 >3ULQW@ D QiVOHGQêP NOHSQXWtP QD WODþtWNR 3URSHUWLHV@1
3R]QiPND=
7LVNiUQD
3RGiYiQt SDStUX/ IRUPiW SDStUX/ JUDPiå SDStUX D GUXK PpGLD VH GDMt X WLVNiUQ\ QDVWDYLW UXþQ, ] RYOiGDFtKR SDQHOX QiVOHGXMtFtP SRVWXSHP= 9êE, U SRGiYiQt SDStUX 41 51
83
7LVNQ, WH WODþtWNR 1DEtGND +3, / GRNXG VH QD GLVSOHML QHREMHYt 35, 17 0(18/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 7LVNQ, WH WODþtWNR 3RORåND +4, / GRNXG VH QD GLVSOHML QHREMHYt 3$3(5 )(('1
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
61
7LVNQ, WH WODþtWNR +RGQRWD +5, / GRNXG VH QD GLVSOHML QHREMHYt SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 8 Y\EUDQpKR ]S$VREX SRGiYiQt SDStUX VH ]REUD]t KY, ]GLþND +-, 1 -H0OL SDUDPHWU $872 75$< 6:, 7&+ QDVWDYHQ QD 21 D WLVNiUQD MH Y\EDYHQD Q, NROLND ]iVREQtN\ SDStUX/SDN VH SR Y\þHUSiQt ]iVRE\ SDStUX YH Y\EUDQpP ]iVREQtNX WLVNiUQD DXWRPDWLFN\ QD GDOãt ]iVREQtN/ NWHUê MH N GLVSR]LFL1
SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 8 Y\EUDQpKR IRUPiWX SDStUX VH ]REUD]t KY, ]GLþND +-, 1 71 81 &KFHWH0OL YUiWLW WLVNiUQX ]S, W GR VWDYX RQOLQH/ VWLVNQ, WH WODþtWNR 2QOLQH +7, 1 3<HG Y\WLVNQXWtP VRXERUX ]YROWH VSUiYQi QDVWDYHQt SDStUX X RYODGDþH WLVNiUQ\1
3R]QiPND=
832=251+1Ë= 1HMVRX0OL GUXK QHER JUDPiå PpGLD VSUiYQ, QDVWDYHQ\/ NYDOLWD WLVNX VH VQLåXMH D P$åH GRMtW N SRãNR]HQt YiOFH WHSHOQp MHGQRWN\1 'UXK D JUDPiå PpGLD 41 51 61 7LVNQ, WH WODþtWNR 1DEtGND +3, / GRNXG VH QD GLVSOHML QHREMHYt 35, 17 0(18/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 7LVNQ, WH WODþtWNR 3RORåND +4, QHER +8, / GRNXG VH QD GLVSOHML QHREMHYt 0(', $ 7<3( QHER 0(', $ :(, *+7 SUR Y\EUDQê ]iVREQtN1 7LVNQ, WH WODþtWNR +RGQRWD +5, QHER +9, / GRNXG VH QD GLVSOHML QHREMHYt SRåDGRYDQê GUXK QHER SRåDGRYDQi JUDPiå SDStUX/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 8 Y\EUDQpKR W\SX QHER Y\EUDQp JUDPiåH VH ]REUD]t KY, ]GLþND +-, 1 &KFHWH0OL YUiWLW WLVNiUQX ]S, W GR VWDYX RQOLQH/ VWLVNQ, WH WODþtWNR 2QOLQH +7, 1 3<HG Y\WLVNQXWtP VRXERUX ]YROWH VSUiYQi QDVWDYHQt SDStUX X RYODGDþH WLVNiUQ\1
84
)RUPiW SDStUX 41 51 7LVNQ, WH WODþtWNR 1DEtGND +3, / GRNXG VH QD GLVSOHML QHREMHYt 35, 17 0(18/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 7LVNQ, WH WODþtWNR 3RORåND +4, QHER +8, / GRNXG VH QD GLVSOHML QHREMHYt (', 7 6, =(1
3R]QiPND 4= 3RXåtYiWH0OL ]iVREQtN\ SDStUX/ WLVNiUQD GRNiåH VWDQGDUGQt IRUPiW\ UR]SR]QDW DXWRPDWLFN\/ MH0OL QDVWDYHQD KRGQRWD &$66(77( 6, =( +LPSOLFLWQt QDVWDYHQt, 1 9HOLNRVW SDStUX MH W<HED QDVWDYLW SRX]H X SDStUX QHVWDQGDUGQtFK UR]P, U$1 3R]QiPND 5= 3RXåtYiWH0OL ]iVREQtN 03 +UXþQt SRGiYiQt, / MH W<HED ]YROLW IRUPiW SDStUX1 61 7LVNQ, WH WODþtWNR +RGQRWD +5, QHER +9, / GRNXG VH QD GLVSOHML QHREMHYt SRåDGRYDQê IRUPiW SDStUX/
71 81
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
:LQGRZV 5333
3RVW6FULSW 41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@D SDN QD NDUWX >3DSHU24XDOLW\@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >3DSHU24XDOLW\@1
71
9H YêSLVX >3DSHU 6RXUFH@ Y\EHUWH SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX1 -H0OL ]YROHQR QDVWDYHQt >$XWRPDWLFDOO\ 6HOHFW@/ Y\EHUH VH MDNR ]GURM SDStUX DXWRPDWLFN\ VSUiYQê ]iVREQtN SDStUX1
3R]QiPND=
81
9H YêSLVX >0HGLD@ ]YROWH SRåDGRYDQRX WORXãÚNX SDStUX D NOHSQ, WH QD WODþtWNR >2. @1 -H0OL ]YROHQR QDVWDYHQt >3ULQWHU 6HWWLQJ@/ S<HVY, GþWH VH/ ]GD MH WLVNiUQD QDVWDYHQD QD VSUiYQê GUXK PpGLD1
3R]QiPND=
91
. OHSQ, WH QD NDUWX >'HYLFH 6HWWLQJ@1
:1
85
9H YêSLVX >)RUP WR 7UD\ $VVLJQPHQW@ ]YROWH SRåDGRYDQê IRUPiW SDStUX1
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
;1 3&/ 41 51 61
. OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 71 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >3DSHU@1 1(%2 81 91 :1
. OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >3DSHU@1 9H YêSLVX >6L]H@ ]YROWH SRåDGRYDQê IRUPiW SDStUX1 9H YêSLVX >6RXUFH@ ]YROWH SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX1 9H YêSLVX >0HGLD W\SH@ ]YROWH SRåDGRYDQRX WORXãW¶NX SDStUX1 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
:LQGRZV <;2<8
3RVW6FULSW 41 51 61 71 81 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >3DSHU@1 9H YêSLVX >6L]H@ ]YROWH SRåDGRYDQê IRUPiW SDStUX1 9H YêSLVX >6RXUFH@ ]YROWH SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX1 -H0OL Y\EUiQD YROED >$XWR 6HOHFW 7UD\@/ Y\EHUH VH MDNR ]GURM SDStUX DXWRPDWLFN\ VSUiYQê ]iVREQtN SDStUX1
86
3R]QiPND=
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
91
9H YêSLVX >0HGLD 7\SH@ ]YROWH SRåDGRYDQRX WORXãW¶NX SDStUX1 -H0OL ]YROHQR QDVWDYHQt >3ULQWHU 6HWWLQJ@/ S<HVY, GþWH VH/ ]GD MH WLVNiUQD QDVWDYHQD QD VSUiYQê GUXK PpGLD1
61 71 81 91 :1
. OHSQ, WH QD NDUWX >3DSHU@1 9H YêSLVX >6L]H@ ]YROWH SRåDGRYDQê IRUPiW SDStUX1 9H YêSLVX >6RXUFH@ ]YROWH SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX1 9H YêSLVX >0HGLD 7\SH@ ]YROWH SRåDGRYDQRX WORXãW¶NX SDStUX1 . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR1
3R]QiPND=
:1 3&/ 41 51
87
. OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR1 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:LQGRZV 17 713
3RVW6FULSW 41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >'HYLFH 6HWWLQJV@1
91 :1 ;1
2WHY<HWH VRIWZDURYRX DSOLNDFL/ NWHURX FKFHWH SRXåtYDW1 =DGHMWH VOHG S<tND]$ >)LOH@ 0 >3ULQW@/ SDN NOHSQ, WH QD WODþtWNR >3URSHUWLHV@1 9H YêSLVHFK >3DSHU 6L]H@/ >3DSHU 6RXUFH@ D >0HGLD 7\SH@ ]DGHMWH SRåDGRYDQi QDVWDYHQt SDStUX1 3R GYRMtP NOHSQXWt QD WODþtWNR >2. @ VH GRNXPHQW Y\WLVNQH1
71
9H YêSLVX >)RUP 7R 7UD\ $VVLJQPHQW@ ]YêUD]Q, WH SRåDGRYDQp SRGiYiQt SDStUX D YH YêSLVX Y\EHUWH IRUPiW SDStUX1 . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
<1
81
3R]QiPND 4= -H0OL ]YROHQR QDVWDYHQt >$XWRPDWLFDOO\ 6HOHFW@/ Y\EHUH VH MDNR ]GURM SDStUX DXWRPDWLFN\ VSUiYQê ]iVREQtN SDStUX1
88
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
3R]QiPND 5= -H0OL ]YROHQR QDVWDYHQt >3ULQWHU 6HWWLQJV@/ S<HVY, GþWH VH/ ]GD MH WLVNiUQD QDVWDYHQD QD VSUiYQê GUXK PpGLD1 3&/ 41 51 61 2WHY<HWH VRIWZDURYRX DSOLNDFL/ NWHURX FKFHWH SRXåtYDW1 =DGHMWH VOHG S<tND]$ >)LOH@ 0 >3ULQW@/ SDN NOHSQ, WH QD WODþtWNR >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >3DSHU@1
81 91 :1
9H YêSLVX >6RXUFH@ ]YROWH SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX1 9H YêSLVX >0HGLD 7\SH@ ]YROWH SRåDGRYDQRX WORXãW¶NX SDStUX1 3R GYRMtP NOHSQXWt QD WODþtWNR >2. @ VH GRNXPHQW Y\WLVNQH1
0DFLQWRVK
41 51 'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ VH RWHY<H GLDO0 RJRYp RNpQNR WLVNiUQ\1 =DGHMWH VOHG S<tND]$ >)LOH@ 0 >3DJH 6HWXS@1
61 71 81
9H YêSLVX >3DSHU@ ]YROWH SRåDGRYDQê IRUPiW SDStUX D ]DGHMWH RULHQWDFL WLVNX1 . OHSQ, WH QD WODþtWNR >2. @1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1
7LVNiUQ\ <DG\ 2. , &:333
71
89
9H YêSLVX >6L]H@ ]YROWH SRåDGRYDQê IRUPiW SDStUX1
ýHãWLQD
91
9 UROHWRYpP YêSLVX ]YROWH >*HQHUDO@1
431 . OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1
:1 ;1
9H YêSLVX >3DSHU 6RXUFH@ ]YROWH SRåDGRYDQê ]S$VRE SRGiYiQt SDStUX1 9 UROHWRYpP YêSLVX ]YROWH >3ULQWHU 6SHFLILF 2SWLRQV@1
<1
9H YêSLVX >3DSHU 7\SH@ ]YROWH SRåDGRYDQê GUXK PpGLD1
8:
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
1DVWDYHQt WLVNiUQ\
2Y, <HQt DNWXiOQtFK QDVWDYHQt
$NWXiOQt QDVWDYHQt SDUDPHWU$ WLVNiUQ\ O]H RY, <LW Y\WLVN0 QXWtP PDS\ QDEtGN\1 41 6WLVNQXWtP WODþtWND 1DEtGND +3, RWHY<HWH , 1)250$7, 21 0(181 +-H0OL QDLQVWDORYiQ YROLWHOQê SHYQê GLVN/ PXVtWH VWLVNQRXW WODþtWNR 1DEtGND +3, GYDNUiW1, 6WLVNQ, WH WODþtWNR 9êE, U +6, D S<HVY, GþWH VH/ ]GD MH QD GLVSOHML ]REUD]HQ S<tND] 35, 17 0(18 0$31 6WLVNQXWtP WODþtWND 9êE, U +6, Y\WLVNQHWH PDSX QDEtGN\1 3R Y\WLVNQXWt WpWR PDS\ VH WLVNiUQD YUiWt GR VWDYX RQOLQH1
=P, QD QDVWDYHQt
41 7LVNQ, WH WODþtWNR 1DEtGND +3, / GRNXG VH QD GLVSOHML QHREMHYt SRåDGRYDQi QDEtGND/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 7LVNQ, WH WODþtWNR 3RORåND +4, QHER +8, / GRNXG VH QD GLVSOHML QHREMHYt SRåDGRYDQi SRORåND1 7LVNQ, WH WODþtWNR +RGQRWD +5, QHER +9, / GRNXG VH QD GLVSOHML QHREMHYt SRåDGRYDQi KRGQRWD1 6WLVNQ, WH WODþtWNR 9êE, U +6, > QDSUDYR RG ]YROHQp KRGQRW\ VH ]REUD]t KY, ]GLþND +-, / FRå ]QDPHQi/ åH E\OD Y\EUiQD SUiY, WDWR KRGQRWD1 6WLVNQXWtP WODþtWND 2QOLQH +7, VH WLVNiUQD YUiWt GR UHåLPX RQOLQH1
51 61 71
51
81
61
6H]QDP QDVWDYHQt SDUDPHWU$
9 QiVOHGXMtFt WDEXOFH MVRX XYHGHQD GRVWXSQi QDVWDYHQt SDUDPHWU$ WLVNiUQ\1 , PSOLFLWQt QDVWDYHQt MVRX XYHGHQD WXþQRX NXU]tYRX1
3RSLV 1DVWDYXMH KHVOR ]H þW\< þtVHOQêFK ]QDN$ +3 Då :, SUR EH]SHþQê WLVN1 9\EtUi WLVNRYRX ~ORKX SUR EH]SHþQê WLVN1 9\WLVNQH YêSLV QDEtGN\1 9\WLVNQH YêSLV VRXERU$ ~ORK1 7LVNiUQ\ <DG\ 2. , &:333
3RORåND 35, 17 -2%6 0(18 (QWHU SDVVZRUG 6HOHFW MRE , 1)250$7, 21 0(18 3ULQW PHQX PDS 3ULQW ILOH OLVW 8; ([HFXWH ([HFXWH ----
+RGQRWD
1R MREV> $OO MREV> )LOH QDPH 40 QQ
ýHãWLQD 3RORå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þHW NRSLt1 1DVWDYXMH GXSOH[Qt WLVN/ MH0OL WLVNiUQD Y\EDYHQD YROLWHOQRX GXSOH[Qt MHGQRWNRX1 1DVWDYXMH ]S$VRE YD]E\ +X GHOãtKR2NUDWãtKR RNUDMH, 1 =REUD]XMH VH SRX]H Y S<tSDG, / MH0OL DNWLYRYiQ GXSOH[Qt WLVN1 9ROt ]GURM SDStUX1 =iVREQtN\ 5 D 6 MVRX XYHGHQ\ SRX]H Y S<tSDG, / MH0OL MLPL WLVNiUQD Y\EDYHQD1 $XWRPDWLFNp S<HSQXWt QD GDOãt ]iVREQtN/ GRMGH0OL Y QDVWDYHQpP ]iVREQtNX SDStU1 8UþXMH/ åH Pi EêW SURYHGHQD NRQWUROD IRUPiWX2UR]P, U$ SDStUX1 8S<HGQRVW6XMH YtFH~þHORYê ]iVREQtN SDStUX1 1DVWDYXMH UR]OLãHQt WLVNX1 1DVWDYXMH U\FKORVW þHUQREtOpKR WLVNX1 1DVWDYXMH RULHQWDFL VWUiQN\* S<L WLVNX1 1DVWDYXMH SRþHW <iGN$ QD VWUiQFH1 9HOLNRVW ND]HW\ VH YROt Y S<tSDG, / åH Y ]iVREQtNX SRXåtYiWH VWDQGDUGQt IRUPiW SDStUX1 (GLWDþQt IRUPiW VH YROt SRX]H Y S<tSDG, / åH FKFHWH Y\WLVNQRXW VWUiQNX Y XUþLWpP IRUPiWX QD SDStU Y RGOLãQpP IRUPiWX/ QDS<tNODG $9 QD $7/ NG\E\ WHQWR SDUDPHWU E\O QDVWDYHQ QD $9/ DOH VNXWHþQê IRUPiW SDStUX Y ]iVREQtNX E\ E\O $71 8< ([HFXWH 8]DYtUDFt VHNYHQFH WLVNiUQ\/ NWHUi VH GRSRUXþXMH Y S<tSDG, / MH0OL WLVNiUQD Y\EDYHQD SHYQêP GLVNHP/ DE\ QHGRãOR NH ]WUiW, GDW1 ([HFXWH ([HFXWH ([HFXWH ([HFXWH +RGQRWD 9\WLVNQH YêSLV StVHP 3&/1 9\WLVNQH YêSLV SRVWVNULSWRYêFK StVHP1 9\WLVNQH Y]RURYRX VWUiQNX1 9\WLVNQH FK\ERYê SURWRNRO1 3RSLV
(GLW VL]H
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
3RORåND 0(', $ 0(18 7UD\ 4 PHGLDW\SH 7UD\ 5 PHGLDW\SH 7UD\ 6 PHGLDW\SH 7UD\ 4 PHGLDZHLJKW 7UD\ 5 PHGLDZHLJKW 7UD\ 6 PHGLDZHLJKW
+RGQRWD 3ODLQ> /HWWHUKHDG> 7UDQVSDUHQF\> %RQG> 5HF\FOHG> &DUG VWRFN> 5RXJK
3RSLV
1DVWDYXMH GUXK SDStUX SUR ]iVREQtN 41
3ODLQ> /HWWHUKHDG> %RQG> 5HF\FOHG> &DUG VWRFN> 1DVWDYXMH GUXK SDStUX SUR Y\EUDQê ]iVREQtN1 =iVREQtN\ 5 D 6 MVRX ]REUD]HQ\ 5RXJK SRX]H Y S<tSDG, / MH0OL MLPL WLVNiUQD Y\EDYHQD1 /LJKW> 0HGLXP OLJKW> 0HGLXP> 0HGLXP KHDY\> 1DVWDYXMH YiKX SDStUX SUR Y\EUDQê ]iVREQtN1 =iVREQtN\ 5 D 6 MVRX +HDY\> 8OWUD KHDY\ ]REUD]HQ\ SRX]H Y S<tSDG, / MH0OL MLPL WLVNiUQD Y\EDYHQD1 $7> $8> $9> %8> /HJDO 47> /HJDO 4618> /HJDO 46> /HWWHU> ([HFXWLYH> &XVWRP> &RP0< HQYHORSH> &RP043 HQYHORSH> 0RQDUFK HQYHORSH> '/ (QYHORSH> &8 (QYHORSH> &7 (QYHORSH
03 WUD\ SDSHUVL]H
1DVWDYXMH IRUPiW SDStUX SUR YtFH~þHORYê ]iVREQtN SDStUX1
03 WUD\ PHGLDW\SH 03 WUD\ PHGLDZHLJKW 8QLW RI PHDVXUH [ GLPHQVLRQ \ GLPHQVLRQ &2/285 0(18 7UXH EODFN &RORXU EDODQFH DGMXVW $XWR UHJLVWUDWLRQ $GMXVW UHJLVWUDWLRQ 93
3ODLQ> /HWWHUKHDG> 7UDQVSDUHQF\> /DEHOV> %RQG> 1DVWDYXMH GUXK SDStUX SUR YtFH~þHORYê ]iVREQtN SDStUX1 8åLYDWHOVNp GUXK\ 4 5HF\FOHG> &DUG VWRFN> 5RXJK> 8VHUW\SH 4 0 8 Då 8 MVRX ]REUD]HQ\ SRX]H Y S<tSDG, / åH MH XåLYDWHO ]DUHJLVWURYDO1 /LJKW> 0HGLXP OLJKW> 0HGLXP> 0HGLXP KHDY\> 1DVWDYXMH YiKX SDStUX SUR YtFH~þHORYê ]iVREQtN SDStUX1 +HDY\> 8OWUD KHDY\ LQFKHV> PLOOLPHWUHV 6³ 0 ;18³ :9 PP WR 549 PP +543 PP, 8³ 0 6818³ +44³, 45: PP 0 <33 PP +5<: PP, 2II> 2Q 3ULQW SDWWHUQ> 6HOHFW SDWWHUQ 4 0 4; 2Q> 2II 3ULQW SDWWHUQ 1DVWDYXMH P, UQp MHGQRWN\ X SDStUX QHVWDQGDUGQtFK UR]P, U$1 1DVWDYXMH UR]P, U\ QHVWDQGDUGQtKR SDStUX1 =REUD]XMH SRX]H P, UQp MHGQRWN\ QDVWDYHQp Y S<HGFKR]t SRORåFH1 0i0OL WRWR QDVWDYHQt IXQJRYDW/ PXVt EêW IRUPiW SDStUX YH YtFH~þHORYpP ]iVREQtNX QDVWDYHQ QD ³&XVWRP´1 1DVWDYXMH WLVN QD VNXWHþQRX þHU6 +&0<. , / S<tSDGQ, SRX]H V SRXåLWtP þHUQpKR WRQHUX1 9\EtUi REUD]HF/ NWHUê VH Pi Y\WLVNQRXW S<L ~SUDYiFK EDUHYQp URYQRYiK\1 8UþXMH/ åH VH EDUHYQp NRUHNFH PDMt SURYpVW DXWRPDWLFN\1 9\WLVNQH REUD]HF SUR ~SUDY\ D RSUDY\ EDUHYQpKR VRXWLVNX1 7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD 3RORåND $GMXVW UHJLVWUDWLRQ &4 0 &< 0: 0 . : 6<67(0 &21), * 0(18 3RZHU VDYH GHOD\ WLPH 3HUVRQDOLW\ 8 PLQ> 48 PLQ> 63 PLQ> 93 PLQ> 573 PLQ $XWR HPXODWLRQ> 3&/> $GREH3RVW6FULSW 1DVWDYXMH GREX/ ]D NWHURX Pi WLVNiUQD S<HMtW GR ~VSRUQpKR UHåLPX1 1DVWDYXMH MD]\N HPXODFH WLVNiUQ\1 (PXODFH 3&/= QDVWDYXMH þDV GR Y\PD]iQt FK\ERYêFK KOiãHQt1 -H0OL QDVWDYHQt ³2Q´/ SUR Y\SViQt FK\ERYpKR KOiãHQt MH W<HED VWLVNQRXW VStQDþ (UURU 'HOHWH1 -H0OL QDVWDYHQt ³-RE´/ FK\ERYp KOiãHQt ]$VWDQH ]REUD]HQR/ GRNXG WLVNiUQD QHREGUåt GDOãt WLVNRYRX ~ORKX1 (PXODFH 36= FK\ERYi KOiãHQt VH ]REUD]XMt SRX]H E, KHP WLVNRYp ~ORK\ EH] RKOHGX QD QDVWDYHQt1 8UþXMH/ åH VH VWDY WLVNiUQ\ SR S<HWHþHQt SDP, WL QHER S<HE, KX WLVNX Pi REQRYLW DXWRPDWLFN\1 1DVWDYXMH GREX PH]L SRåDGDYNHP QD YORåHQt SDStUX D ]UXãHQtP WLVNRYp ~ORK\ Y S<tSDG, / åH WHQWR SRåDGDYHN VSOQ, Qt QHQt1 )XQJXMH SRX]H Y SRVWVNULSWRYpP UHåLPX1 1DVWDYXMH GREX PH]L REGUåHQtP SRVOHGQtKR E\WX LQIRUPDFt D DXWRPDWLFNêP Y\WLVNQXWtP VWUiQN\1 -H0OL QDVWDYHQt ³&RQWLQXH´/ WLVN P$åH SRNUDþRYDW L Y S<tSDG, / MH0OL QD GLVSOHML VLJQDOL]RYiQ Qt]Nê VWDY WRQHUX1 -H0OL QDVWDYHQt ³6WRS´/ S<HMGH Y WpWR VLWXDFL WLVNiUQD GR VWDYX RIIOLQH1 1DVWDYXMH/ ]GD Pi WLVN SR RGVWUDQ, Qt ]DEORNRYDQpKR SDStUX SRNUDþRYDW/ þL QLNROLY1 9H GUXKpP S<tSDG, EXGH WLVNRYi ~ORKD/ NWHUi E\OD ]SUDFRYiYiQD Y RNDPåLNX/ NG\ N ]DEORNRYiQt GRãOR/ SR RGVWUDQ, Qt ]DEORNRYiQt ]UXãHQD1 3<L QDVWDYHQt QD ³2Q´ Y\WLVNQH Y S<tSDG, / åH VH Y\VN\WQH LQWHUQt FK\ED/ FK\ERYp KOiãHQt1 9ROt MD]\N/ NWHUê EXGH WLVNiUQD SRXåtYDW S<L NRPXQLNDFL V XåLYDWHOHP1 +RGQRWD 3RSLV =DGiYi KRGQRWX SUR ~SUDY\ EDUHYQpKR VRXWLVNX1 -H N GLVSR]LFL SRX]H Y S<tSDG, / MH0OL DXWRPDWLFNi NRUHNFH Y\SQXWD1
&OHDUDEOH ZDUQLQJ
2Q> -RE
$XWR FRQWLQXH 0DQXDO WLPHRXW :DLW WLPHRXW /RZ WRQHU
2Q> 2II 93 V> 63 V> 2II 2II> 8 V WR 633 V +<3 V, &RQWLQXH> 6WRS
-DP UHFRYHU\ (UURU UHSRUW /DQJXDJH
2Q> 2II 2Q> 2II (QJOLVK> *HUPDQ> )UHQFK> , WDOLDQ> 6SDQLVK> 6ZHGLVK> 1RUZHJLDQ> 'DQLVK> 'XWFK> 7XUNLVK> 3RUWXJXHVH> 3ROLVK
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
94
3RORåND 3&/ (08/$7, 21 7UXH EODFN )RQW VRXUFH )RQW 1R1 )RQW SLWFK )RQW KHLJKW 6\PERO VHW $7 SULQW ZLGWK :KLWH SDJH VNLS &5 IXQFWLRQ /) IXQFWLRQ 3ULQW PDUJLQ 3$5$//(/ 0(18 3DUDOOHO %L0GLUHFWLRQ (&3 $&. ZLGWK $&. 2%XV\ WLPLQJ , 03ULPH 86% 0(18 86% 6RIW UHVHW 95 (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH 2II> 2Q
+RGQRWD
3RSLV 1DVWDYXMH WLVN QD VNXWHþQRX þHU6 +&0<. , / S<tSDGQ, SRX]H V SRXåLWtP þHUQpKR WRQHUX1 8UþXMH PtVWR/ NGH VH QDFKi]t SRXåLWê IRQW +StVPR, 1 6WDY ³'RZQORDGHG´ VH ]REUD]t SRX]H Y S<tSDG, / E\O\0OL IRQW\ GR WLVNiUQ\ ]DYHGHQ\1 9ROt þtVHOQp R]QDþHQt IRQWX/ NWHUê Pi EêW SRXåLW1 1DVWDYXMH UR]P, U StVPD MDNR SRþHW ]QDN$ QD 4 SDOHF1 =REUD]XMH VH SRX]H Y S<tSDG, / åH VH MHGQi R StVPR V IL[Qt UR]WHþt1 1DVWDYXMH UR]P, U StVPD Y ERGHFK1 =REUD]XMH VH SRX]H Y S<tSDG, / åH VH MHGQi R StVPR V YDULDELOQt UR]WHþt1 9ROt ]QDNRYRX VDGX1 1DVWDYXMH SRþHW ]QDN$ Y <iGNX GR DXWRPDWLFNpKR S<t]QDNX NRQFH <iGNX1 8UþXMH/ åH VWUiQN\ QHREVDKXMtFt åiGQi GDWD VH QHPDMt WLVNQRXW1 1DVWDYXMH IXQNFL/ NWHUi Pi EêW SURYHGHQD SR S<LMHWt S<t]QDNX &51 1DVWDYXMH IXQNFL/ NWHUi Pi EêW SURYHGHQD SR S<LMHWt S<t]QDNX /)1 1DVWDYXMH UR]P, U\ SORFK\ SDStUX/ QD NWHURX VH Pi VNXWHþQ, WLVNQRXW1 9ROt SDUDOHOQt UR]KUDQt1 9ROt RERXVP, UQRX NRPXQLNDFL1 9ROt UHåLP (&31 1DVWDYXMH SR<DGt YêVWXSX X VLJQiOX $&. D VLJQiOX REVD]HQR S<L NRPSDWLELOQtP S<tMPX1 1DVWDYXMH D GHDNWLYXMH VLJQiO , 03ULPH1 9ROt UR]KUDQt 86%1 1DVWDYXMH PRåQRVW SRXåLWt S<tND]X QD P, NNê UHVHW1 7LVNiUQ\ <DG\ 2. , &:333
5HVLGHQW> 'RZQORDGHG , 333 0 , 3;6 3177 FSL 0 <<1<< FSL +43133 FSL, 7133 SW 0 <<<1:8 SW +45133 SW, 3&0; :; FROXPQ> ;3 FROXPQ 2II> 2Q &5> &5. /) /)> /). &5 1RUPDO> 428³> 429³
1DUURZ +318—V, > 0HGLXP +413—V, > :LGH +613—V, 1DVWDYXMH ãt<NX $&. SUR NRPSDWLELOQt S<tMHP1 $&. 0LQ0%XV\> $&. 0ZKLOH0%XV\ 6 µV> 83 µV> 'LVDEOH
ýHãWLQD 3RORåND 7&32, 3 1HWZDUH (WKHU7DON 1HW%(8, )UDPH W\SH '+&32%2273 5$53 , 3 DGGUHVV 6XEQHW PDVN *DWHZD\ DGGUHVV , QLWLDOL]H 3ULQW VHWWLQJV 0(025< 0(18 5HFHLYH EXII VL]H 5HVRXUFH VDYH )ODVK LQLWLDOL]H 36 IODVK UHVL]H +'' LQLWLDOL]H 3DUWLWLRQ &4 3DUWLWLRQ &5 3DUWLWLRQ &6 +'' IRUPDWWLQJ $XWR> 318 0%> 4 0%> 5 0%> 7 0%> ; 0%> 49 0%> 65 0% 1DVWDYXMH YHOLNRVW S<tMPRYp Y\URYQiYDFt SDP, WL D ]iYLVt QD UR]VDKX SDP, WL QDLQVWDORYDQp Y WLVNiUQ, 1 (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH $XWR> ;3515> ;3516 (QDEOH> 'LVDEOH (QDEOH> 'LVDEOH [[[1[[[1[[[1[[[ [[[1[[[1[[[1[[[ [[[1[[[1[[[1[[[ 2Q> 2II 2Q> 2II +RGQRWD 9ROt SURWRNRO 7&32, 31 9ROt SURWRNRO 1HWZDUH1 9ROt SURWRNRO (WKHU7DON1 9ROt SURWRNRO 1HW%(8, 1 9ROt W\S UiPFH (WKHUQHWX1 1DVWDYXMH S<L<D]HQt DGUHV\ , 3 SURVW<HGQLFWYtP '+&32%22731 1DVWDYXMH S<L<D]HQt DGUHV\ , 3 SURVW<HGQLFWYtP 5$531 . RQILJXUXMH DGUHVX , 3 WYR<HQRX 45 DOIDQXPHULFNêPL ]QDN\1 . RQILJXUXMH PDVNX SRGVtW, WYR<HQRX 45 DOIDQXPHULFNêPL ]QDN\1 . RQILJXUXMH DGUHVX JDWHZD\H WYR<HQRX 45 DOIDQXPHULFNêPL ]QDN\1 9ROt Y\XåLWt VtW, 1 =DGiYi PDS\ QDEtGN\ VtW, 1 3RSLV
1(7:25. 0(18 +RQO\ LI QHWZRUN FDUG LV ILWWHG,
$XWR> 2II> 318 0%> 4 0%> 5 0%> 7 0%> ; 0%> 1DVWDYXMH YHOLNRVW U\FKOp Y\URYQiYDFt SDP, WL SUR StVPD D ]iYLVt QD UR]VDKX 49 0%> 65 0% SDP, WL QDLQVWDORYDQp Y WLVNiUQ, 1 ([HFXWH 40%> 3180%> 4180%> 30% ([HFXWH &RPPRQ> 3&/> 36 &RPPRQ> 3&/> 36 &RPPRQ> 3&/> 36 3DUWLWLRQ 4> 3DUWLWLRQ 5> 3DUWLWLRQ 6 -H0OL WLVNiUQD Y\EDYHQD SDP, Wt W\SX IODVK/ WHQWR S<tND] ML LQLFLDOL]XMH1 0, Qt YHOLNRVW REODVWL SDP, WL W\SX IODVK1 3URYiGt UR]G, OHQt SHYQpKR GLVNX D IRUPiWXMH MHKR MHGQRWOLYp þiVWL1 1DVWDYXMH SRXåtYiQt R]QDþHQt þiVWL SHYQpKR GLVNX 41 1DVWDYXMH SRXåtYiQt R]QDþHQt þiVWL SHYQpKR GLVNX 51 1DVWDYXMH SRXåtYiQt R]QDþHQt þiVWL SHYQpKR GLVNX 61 1DIRUPiWXMH XUþHQRX þiVW GLVNX1
', 6. 0$, 17(1$1&( +]REUD]XMH VH SRX]H Y S<tSDG, / MH0OL WLVNiUQD Y\EDYHQD SHYQêP GLVNHP,
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
96
3RORåND 6<67(0 $'-867 0(18 [ DGMXVW \ DGMXVW 'XSOH[ [ DGMXVW 'XSOH[ \ DGMXVW 7UD\ 4 /HJDO 47 7UD\ 5 /HJDO 47 7UD\ 6 /HJDO 47 3&/ WUD\ 5 , '& 3&/ WUD\ 6 , '& 3&/ 03 WUD\ , '& 0$, 17(1$1&( 0(18 ((3520 UHVHW 3RZHU VDYH 3DSHU EODFN VHWWLQJ 3DSHU FRORXU VHWWLQJ 7UDQVSU EODFN VHWWLQJ 7UDQVSU FRORXU VHWWLQJ 86$*( 0(18 7RWDO SDJH FRXQW 7UD\ 4 SDJH FRXQW 7UD\ 5 SDJH FRXQW 7UD\ 6 SDJH FRXQW 03 WUD\ SDJH FRXQW 97 QQQQQQ QQQQQQ QQQQQQ QQQQQQ QQQQQQ ([HFXWH (QDEOH> 'LVDEOH 3> . 4> . 5> ±5> ±4 3> . 4> . 5> ±5> ±4 3> . 4> . 5> ±5> ±4 3> . 4> . 5> ±5> ±4
+RGQRWD 3 PP> . 3158 Då . 513 PP> ± 513 Då ±3158 PP 3 PP> . 3158 Då . 513 PP> ± 513 Då ±3158 PP 3 PP> . 3158 Då . 513 PP> ± 513 Då ±3158 PP 3 PP> . 3158 Då . 513 PP> ± 513 Då ±3158 PP /HJDO 47> /HJDO 4618 /HJDO 47> /HJDO 4618 /HJDO 47> /HJDO 4618 4 ± 8< +8, 4 ± 8< +53, 4 ± 8< +7,
3RSLV 8SUDYXMH FHONRYRX SRORKX WLVNX YRGRURYQ, Y NURFtFK SR 3/531 8SUDYXMH FHONRYRX SRORKX WLVNX VYLVOH Y NURFtFK SR 3/531 8SUDYXMH FHONRYRX SRORKX SORFK\ WLVNX YRGRURYQ, Y NURFtFK SR 3/531 8SUDYXMH FHONRYRX SRORKX SORFK\ WLVNX VYLVOH Y NURFtFK SR 3/531 1DVWDYXMH YHOLNRVW IRUPiWX /HJDO X ]iVREQtNX 41 1DVWDYXMH YHOLNRVW IRUPiWX /HJDO X ]iVREQtNX 51 1DVWDYXMH YHOLNRVW IRUPiWX /HJDO X ]iVREQtNX 61 1DVWDYXMH þtVOR ]iVREQtNX 5 SUR HPXODFL 3&/1 1DVWDYXMH þtVOR ]iVREQtNX 6 SUR HPXODFL 3&/ 1DVWDYXMH þtVOR YtFH~þHORYpKR ]iVREQtNX SUR HPXODFL 3&/ , QLFLDOL]XMH SDP, Ú ((3520 SUR NDåGRX MHGQRWNX1 3RNXG SR XUþLWRX ]DGDQRX GREX QHGRVWDQH WLVNiUQD åiGQê YVWXS/ WRWR QDVWDYHQt DNWLYXMH ~VSRUQê UHåLP1 9L] URYQ, å QDEtGND 6<67(0 $'-8671 8SUDYXMH SU$E, K WLVNX WDN/ DE\ E\OR NRPSHQ]RYiQR ]KRUãHQt NYDOLW\ Y G$VOHGNX WHSORWQtFK UR]GtO$1
=REUD]t FHONRYê SRþHW Y\WLVNQXWêFK VWUiQHN1 =REUD]t SRþHW VWUiQHN Y\WLVNQXWêFK ]H ]iVREQtNX 41 =REUD]t SRþHW VWUiQHN Y\WLVNQXWêFK ]H ]iVREQtNX 51 =REUD]t VH SRX]H Y S<tSDG, / MH0OL WLVNiUQD Y\EDYHQD YROLWHOQêP ]iVREQtNHP 51 =REUD]t SRþHW VWUiQHN Y\WLVNQXWêFK ]H ]iVREQtNX 61 =REUD]t VH SRX]H Y S<tSDG, / MH0OL WLVNiUQD Y\EDYHQD YROLWHOQêP ]iVREQtNHP 61 =REUD]t SRþHW VWUiQHN Y\WLVNQXWêFK ] YtFH~þHORYpKR ]iVREQtNX1 7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD 3RORåND %ODFN GUXP XVDJH &\DQ GUXP XVDJH 0DJHQWD GUXP XVDJH <HOORZ GUXP XVDJH %HOW XVDJH )XVHU XVDJH %ODFN WRQHU &\DQ WRQHU 0DJHQWD WRQHU <HOORZ WRQHU QQQQQQ LPDJHV QQQQQQ LPDJHV QQQQQQ LPDJHV QQQQQQ LPDJHV QQQQQQ SULQWV QQQQQQ SULQWV 43. [[[( [[[( [[[( [[[( +RGQRWD 3RSLV =REUD]t PtUX Y\XåLWt þHUQpKR REUD]RYpKR YiOFH1 =REUD]t PtUX Y\XåLWt D]XURYpKR REUD]RYpKR YiOFH1 =REUD]t PtUX Y\XåLWt SXUSXURYpKR REUD]RYpKR YiOFH1 =REUD]t PtUX Y\XåLWt åOXWpKR REUD]RYpKR YiOFH1 =REUD]t PtUX Y\XåLWt SRVXYQpKR SiVX1 =REUD]t PtUX Y\XåLWt YiOFH WHSHOQp MHGQRWN\1 =REUD]t VWDY ]EêYDMtFt þHUQp WRQHURYp QiSOQ, 1 =REUD]t VWDY ]EêYDMtFt D]XURYp WRQHURYp QiSOQ, 1 =REUD]t VWDY ]EêYDMtFt SXUSXURYp WRQHURYp QiSOQ, 1 =REUD]t VWDY ]EêYDMtFt åOXWp WRQHURYp QiSOQ, 1
. DSLWROD 7 0 1DVWDYHQt SDStUX D WLVNiUQ\
98
99
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
%DUHYQê WLVN
0RQLWRU SRþtWDþH ]REUD]XMH EDUY\ Y V\VWpPX 5*%/ ]DWtPFR WLVNiUQD WLVNQH EDUY\ Y V\VWpPX &0<. / FRå Y\WYi<t QHVRXODG PH]L VRUWLPHQWHP EDUHY/ NWHUê O]H ]REUD]LW/ D UR]VDKHP EDUHY/ NWHUê O]H Y\WLVNQRXW1 7HQWR QHVRXODG O]H ]UHGXNRYDW SRPRFt IXQNFt SUR VSUiYX EDUHY/ NWHUp MVRX VRXþiVWt RYODGDþH WLVNiUQ\ D NWHUp SRPiKDMt ]DFKRYiYDW NRQ]LVWHQFL GDW RG MHMLFK Y\WYR<HQt Då N WLVNRYpPX YêVWXSX1 2EHFQ, O]H <tFL/ åH VRIWZDURYp DSOLNDFH PDMt YODVWQt IXQNFH SUR SUiFL V EDUYDPL S<L MHMLFK ]REUD]RYiQt D WLVNX1 , QIRUPDFH R WRP/ MDN ]DMLVWLW VODG, Qt EDUHY D MDN V QLPL SUDFRYDW Y GDQpP VRIWZDURYpP SURVW<HGt/ QDMGHWH Y GRNXPHQWDFL GDQp DSOLNDFH1 8SR]RU6XMHPH QD WR/ åH Q, NWHUp VRIWZDURYp DSOLNDFH PRKRX S<HSVDW QDVWDYHQt RYODGDþH WLVNiUQ\1 3R]QiPND= 3RGUREQ, Mãt LQIRUPDFH R EDUHYQpP WLVNX D Y\XåLWt EDUHY QDMGHWH Y 3<tUXþFH SUR EDUHYQê WLVN QDFKi]HMtFt VH QD &'0520/ NWHUp VH GRGiYi VSROX V WRXWR WLVNiUQRX1
9:
:LQGRZV 5333
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >&RORXU 0DQDJHPHQW@1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
71 81
3UR VODG, Qt EDUHY ]YROWH QDVWDYHQt >$XWRPDWLF@ QHER >0DQXDO@1 =YROtWH0OL QDVWDYHQt >0DQXDO@/ NOHSQ, WH QD WODþtWNR >$GG@ D YH YêSLVX Y\EHUWH SRåDGRYDQê EDUHYQê SURILO1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >/D\RXW@1 +E, . OHSQ, WH QD WODþtWNR >$GYDQFHG@1 +F, 9H YêSLVX >*UDSKLF@ Y\EHUWH SRåDGRYDQê V\VWpP VSUiY\ EDUHY1
91
+G, 9H YêSLVX >3ULQWHU )HDWXUHV@ Y\EHUWH SRåDGRYDQê V\VWpP VSUiY\ D VODG, Qt EDUHY1 +H, :1 7<LNUiW NOHSQ, WH QD WODþtWNR >2. @ D X]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >&RORXU@1 1(%2
9; 7LVNiUQ\ <DG\ 2. , &:333
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 5333= +D,
ýHãWLQD
. OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >&RORXU@1 +E, 9H YêSLVX >&RORXU 0RGH@ ]YROWH SRåDGRYDQê UHåLP WLVNX D EDUHY1 +F, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D X]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
61 71 81
. OHSQ, WH QD NDUWX >&RORXU 0DQDJHPHQW@1 3UR VSUiYX EDUHY ]YROWH QDVWDYHQt >$XWRPDWLF@ QHER >0DQXDO@1 =YROtWH0OL QDVWDYHQt >0DQXDO@/ NOHSQ, WH QD WODþtWNR >$GG@ D YH YêSLVX Y\EHUWH SRåDGRYDQê EDUHYQê SURILO1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV <;2<8= +D, . OHSQ, WH QD NDUWX >&RORXU@1 +E, 9H YêSLVX >&RORXU &RQWURO@ ]YROWH SRåDGRYDQp VODG, Qt EDUHY1
9<
:LQGRZV <;2<8
41 51 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1
91
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
+G, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D X]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 :1 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8= +D, . OHSQ, WH QD NDUWX >&RORXU@1 +E, 9H YêSLVX >&RORXU 0RGH@ ]YROWH SRåDGRYDQê UHåLP WLVNX D EDUHY1 +F, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D X]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
+F,
. OHSQ, WH QD WODþtWNR >2SWLRQV@ D Y\EHUWH SRåDGRYDQp QDVWDYHQt SUR VODG, Qt EDUHY1
7LVNiUQ\ <DG\ 2. , &:333
:3
ýHãWLQD
:LQGRZV 17713
41 51 61 2WHY<HWH DSOLNDFL/ NWHURX FKFHWH SRXåtW1 . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SRWRP QD WODþtWNR >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 17 713= +D, =YêUD]Q, WH S<tND] >&RORXU &RQWURO@ D YH YêSLVX ]YROWH SRåDGRYDQp QDVWDYHQt1
+E, . OHSQ, WH QD WODþtWNR >2SWLRQV@ D Y\EHUWH SRåDGRYDQp QDVWDYHQt SUR VODG, Qt EDUHY1 +F, 7URMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 71 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 17 713= +D, . OHSQ, WH QD NDUWX >&RORXU@ D YH YêSLVX >&RORXU 0RGH@ ]YROWH SRåDGRYDQê UHåLP WLVNX D EDUHY1
+E, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
0DFLQWRVK
41 51
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ RWHY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1
:4
61 71 81
9 UROHWRYpP YêSLVX ]YROWH >&RORXU 0DWFKLQJ@1 9H YêSLVX >3ULQW &RORXU@ ]YROWH SRåDGRYDQê ]S$VRE EDUHYQpKR WLVNX1 9H YêSLVX >3ULQWHU 3URILOH@ ]YROWH SRåDGRYDQê SURILO WLVNiUQ\1
91
9 UROHWRYpP YêSLVX >6SHFLILF 3ULQWHU 2SWLRQV@ ]YROWH SRåDGRYDQi QDVWDYHQt SUR U$]Qp PRåQRVWL EDUHYQpKR WLVNX/ NWHUp MVRX N GLVSR]LFL1 . OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1
:1
:5
7LVNiUQ\ <DG\ 2. , &:333
9tFH VWUiQHN QD MHGQRP OLVWX
:LQGRZV 5333
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >/D\RXW@1
ýHãWLQD
71
8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 5333= +D, 9H YêSLVX >3DJHV SHU VKHHW@ ]YROWH åiGDQê SRþHW VWUiQHN QD OLVWX +PD[1 49, 1
+E, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D X]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 81 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 5333= +D, 9H YêSLVX >)LQLVKLQJ 0RGH@ ]YROWH SRåDGRYDQê SRþHW VWUiQHN QD OLVWX +PD[1 49, 1
+E, 9H YêSLVX >3DJH %RUGHUV@ Y\EHUWH SRåDGRYDQp RKUDQLþHQt VWUiQHN1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
:6
+F,
'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D X]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
+D,
:LQGRZV <;2<8
41 51 61 71 . OHSQ, WH QD >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >/D\RXW@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV <;2<8= 81
9H YêSLVX >3DJHV RQ 6KHHW@ ]YROWH SRåDGRYDQê SRþHW VWUiQHN QD OLVWX +PD[1 49, 1
+E, 5R]KRGQ, WH VH/ ]GD FKFHWH ]DGDW RKUDQLþHQt VWUiQN\/ SDN NOHSQ, WH QD >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8= +D, 9H YêSLVX >)LQLVKLQJ 0RGH@ ]YROWH SRåDGRYDQê SRþHW VWUiQHN QD OLVWX +PD[1 49, 1
:7
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
+E, 9H YêSLVX >3DJH %RUGHUV@ Y\EHUWH SRåDGRYDQp RKUDQLþHQt VWUiQHN/ SDN NOHSQ, WH QD >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
D YH YêSLVX ]YROWH SRåDGRYDQê SRþHW VWUiQHN QD OLVWX1 +E, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 17 713= +D, 9H YêSLVX >)LQLVKLQJ 0RGH@ ]YROWH SRåDGRYDQê SRþHW VWUiQHN QD OLVWX +PD[1 49, 1
:LQGRZV 17713
41 51 61 2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 17 713= +D, =YêUD]Q, WH YROEX >3DJH /D\RXW +10XS, 2SWLRQ@
71
+E, 9H YêSLVX >3DJH %RUGHUV@ Y\EHUWH SRåDGRYDQp RKUDQLþHQt VWUiQHN1 +F, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
:8
0DFLQWRVK
41 51 61 'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ RWHY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1 9 UROHWRYpP YêSLVX ]YROWH >/D\RXW@1
1HVWDQGDUGQt IRUPiW\ VWUiQHN
1HVWDQGDUGQt IRUPiW\ VWUiQHN O]H WLVNQRXW SRX]H ] YtFH~þHORYpKR ]iVREQtNX +UXþQt SRGiYiQt, 1 3<HG SRXåLWtP MH W<HED UXþQ, QDVWDYLW SDUDPHWU\ WLVNiUQ\ QD QHVWDQGDUGQt IRUPiW SDStUX1 ât<ND QHVWDQGDUGQt VWUiQN\ VH P$åH SRK\ERYDW RG :9/5 PP GR 549 PP/ GpOND RG 45: PP GR 688 PP1
:LQGRZV 5333
41 51 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1
71
9H YêSLVX >3DJHV SHU 6KHHW@ ]YROWH SRåDGRYDQê SRþHW VWUiQHN QD OLVWX D YH YêSLVX >/D\RXW 'LUHFWLRQ@ SR<DGt WLVNX1 9H YêSLVX >%RUGHU@ ]YROWH W\S RKUDQLþHQt1 . OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1
81 91
:9
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
61
8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >/D\RXW@1 +E, . OHSQ, WH QD WODþtWNR >$GYDQFHG@1 +H, +I, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @1 . OHSQ, WH QD NDUWX >3DSHU24XDOLW\@ D YH YêSLVX >3DSHU 6RXUFH@ ]YROWH YtFH~þHORYê ]iVREQtN1
+F,
9H YêSLVX >3DSHU 6L]H@ Y\EHUWH >3RVW6FULSW &XVWRP 3DJH 6L]H@1 +G, 9 RNpQNX >&XVWRP 3DJH 6L]H 'LPHQVLRQV@ ]DGHMWH ãt<NX D YêãNX/ SDN Y S<tSDG, SRW<HE\ ]DGHMWH VP, U SRGiYiQt SDStUX 0 >3DSHU )HHG 'LUHFWLRQ@1
::
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
+J, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 71 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >3DSHU@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >3DSHU@1 +E, . OHSQ, WH QD WODþtWNR >&XVWRP 6L]H@1 +F, 'R RNpQND >1DPH@ ]DGHMWH Qi]HY QHVWDQGDUGQtKR IRUPiWX/ SDN ]DGHMWH ãt<NX D GpONX1
+G, . OHSQ, WH QD WODþtWNR >$GG@/ SDN NOHSQ, WH QD WODþtWNR >2. @1 +H, +I, 3R]QiPND= 9H YêSLVX >6L]H@ ]YROWH QHVWDQGDUGQt IRUPiW SDStUX1 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 1HVWDQGDUGQt IRUPiW SDStUX MH S<LGiQ QD NRQHF VH]QDPX IRUPiW$1 'HILQRYDW O]H Då 65 QHVWDQGDUGQtFK IRUPiW$1
:;
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:LQGRZV <;2<8
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV <;2<8= +D, . OHSQ, WH QD NDUWX >3DSHU@/ SDN Y\EHUWH >&XVWRP 3DJH 4/ 5/ QHER 6@1 +F, 'R RNpQND >3DSHU 1DPH@ ]DGHMWH Qi]HY QHVWDQGDUGQtKR IRUPiWX/ SDN ]DGHMWH MHKR ãt<NX D GpONX1 =NRQWUROXMWH/ ]GD VH MPpQR QHVWDQGDUGQtKR IRUPiWX REMHYLOR YH YêSLVX >6L]H@/ SDN NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNQR WLVNiUQ\1 0D[LPiOQ, O]H QDGHILQRYDW Då W<L QHVWDQGDUGQt IRUPiW\1 . OHSQ, WH QD NDUWX >3DSHU@/ SDN NOHSQ, WH QD WODþtWNR >&XVWRP 6L]H@1
+G, . OHSQ, WH QD WODþtWNR >2. @1 +H,
+E, . OHSQ, WH QD WODþtWNR >&XVWRP 6L]H@1
3R]QiPND= 71
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8= +D,
+E, 'R RNpQND >1DPH@ ]DGHMWH Qi]HY QHVWDQGDUGQtKR IRUPiWX/ SDN ]DGHMWH MHKR ãt<NX D GpONX1 +F,
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
. OHSQ, WH QD WODþtWNR >$GG@ SDN NOHSQ, WH QD WODþtWNR >2. @1
:<
3R]QiPND=
1HVWDQGDUGQt IRUPiW SDStUX MH S<LGiQ QD NRQHF VH]QDPX IRUPiW$1 'HILQRYDW O]H Då 65 QHVWDQGDUGQtFK IRUPiW$1
:LQGRZV 17713
41 51 61 2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1 . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SDN NOHSQ, WH QD WODþtWNR >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 17 713= +D, =YêUD]Q, WH S<tND] >3DSHU 6L]H@ D Y\EHUWH >3RVW6FULSW &XVWRP 3DJH 6L]H@1
+G, 9H YêSLVX >6L]H@ ]YROWH QHVWDQGDUGQt IRUPiW SDStUX/ SDN NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
;3 7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
+E, . OHSQ, WH QD >(GLW RI &XVWRP 3DSHU@/ ]DGHMWH ~GDMH R QHVWDQGDUGQtP IRUPiWX D SDN NOHSQ, WH QD WODþtWNR >2. @1 +F, 71 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 . OHSQ, WH QD NDUWX >3DSHU@/ SDN QD WODþtWNR >&XVWRP 6L]H@1
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 17 713= +D,
+E, 'R RNpQND >-PpQR@ ]DGHMWH Qi]HY QHVWDQGDUGQtKR IRUPiWX/ SDN ]DGHMWH ãt<NX D GpONX1 +F, . OHSQ, WH QD WODþtWNR >$GG@ D SDN QD WODþtWNR >2. @1 +H, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
;4
+G, 9H YêSLVX >6L]H@ ]YROWH QHVWDQGDUGQt IRUPiW SDStUX1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
3R]QiPND=
1HVWDQGDUGQt IRUPiW SDStUX EXGH ]D<D]HQ QD NRQHF VH]QDPX IRUPiW$1
:1
9 UROHWRYpP YêSLVX QD NDUW, >3DSHU@ Y\EHUWH QHVWDQGDUGQt IRUPiW D NOHSQ, WH QD WODþtWNR >2. @1
0DFLQWRVK
41 51 61 'YRMNOHSQ, WH QD LNRQX WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3DJH 6HWXS@1 9 UROHWRYpP YêSLVX RWHY<HWH >&XVWRP 3DJH 'HIDXOW@ 0 LPSOLFLWQt KRGQRW\ QHVWDQGDUGQtKR IRUPiWX@ 1
71 81
=DGHMWH SRåDGRYDQp UR]P, U\ VWUiQN\ GR RNpQHN >3DSHU 6L]H@ D >0DUJLQV@1 =DGHMWH MPpQR QHVWDQGDUGQtKR IRUPiWX GR RNpQND >&XVWRP 3DJH 1DPH@/ SDN NOHSQ, WH QD WODþtWNR >$GG@1 9 UROHWRYpP YêSLVX Y\EHUWH >3DJH $WWULEXWHV@1
7LVNiUQ\ <DG\ 2. , &:333
91
;5
5R]OLãHQt WLVNX
3R]QiPND= =P, QD UR]OLãHQt WLVNX MH PRåQi SRX]H X EDUHYQêFK WLVNiUHQ 2. , &:7331
ýHãWLQD
:LQGRZV 5333
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 5333=
+D,
. OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >/D\RXW@1
+E, . OHSQ, WH QD WODþtWNR >$GYDQFHG@ D SDN ] YêSLVX >3ULQW 4XDOLW\@ Y\EHUWH SRåDGRYDQp UR]OLãHQt1 +F, 7<LNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
;6
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
71
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >4XDOLW\@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >4XDOLW\@1 +E, 9H YêSLVX >5HVROXWLRQ@ ]YROWH SRåDGRYDQp UR]OLãHQt WLVNX1 +F, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
:LQGRZV <;2<8
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 RYODGDþH WLVNiUQ\ :LQGRZV <;2<8= +D, . OHSQ, WH QD NDUWX >3ULQW 4XDOLW\@1 +E, 9H YêSLVX >5HVROXWLRQ@ ]YROWH SRåDGRYDQp UR]OLãHQt WLVNX1 +F, . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
;7
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
51 71 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8= +D, . OHSQ, WH QD NDUWX >4XDOLW\@1 +E, 9H YêSLVX >5HVROXWLRQ@ ]YROWH SRåDGRYDQp UR]OLãHQt WLVNX1 +F, . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 71 61
. OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SDN NOHSQ, WH QD WODþtWNR >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 17 713= +D, =YêUD]Q, WH >5HVROXWLRQ@ D YH YêSLVX Y\EHUWH SRåDGRYDQp UR]OLãHQt1
+E, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 17 713= +D, . OHSQ, WH QD NDUWX >4XDOLW\@1 +E, 9H YêSLVX >5HVROXWLRQ@ ]YROWH SRåDGRYDQp UR]OLãHQt WLVNX1
;8
:LQGRZV 17713
41 2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
81
. OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1
+F,
'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
0DFLQWRVK
41 51 61 71
;9
'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ RWHY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1 9 UROHWRYpP YêSLVX ]YROWH >3ULQWHU 6SHFLILF 2SWLRQV@1 9H YêSLVX >5HVROXWLRQ@ ]YROWH SRåDGRYDQp UR]OLãHQt WLVNX1
7LVNiUQ\ <DG\ 2. , &:333
'XSOH[Qt WLVN
'XSOH[Qt WLVN O]H SURYiG, W SRX]H VH VWDQGDUGQtPL IRUPiW\ SDStUX D QD PpGLD V JUDPiåt PH]L :7 D 437 J2P5 +YL] WDEXON\ 4 D 5 Y . DSLWROH 7, 1 3<HG ]DKiMHQtP GXSOH[QtKR WLVNX PXVt EêW QD WLVNiUQ, QDLQVWDORYiQD YROLWHOQi GXSOH[Qt MHGQRWND1 3RNXG MLå WLVNiUQD QHQt WRXWR MHGQRWNRX RSDW<HQD/ SRSLV LQVWDODFH QDOH]QHWH Y . DSLWROH ; 0 9ROLWHOQp S<tVOXãHQVWYt1 3DStU PXVt EêW GR ]iVREQtNX YORåHQ OtFRYRX VWUDQRX +VWUDQRX/ QD Qtå VH EXGH WLVNQRXW, QDKRUX1 9tFH~þHORYê ]iVREQtN QHO]H SUR GXSOH[Qt WLVN SRXåtW1
ýHãWLQD
:LQGRZV 5333
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >'HYLFH 6HWWLQJV@1 +E, 9H YêSLVX >, QVWDOODEOH 2SWLRQV@ ]NRQWUROXMWH/ ]GD MH QDLQVWDORYiQD GXSOH[Qt MHGQRWND1 +F, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1
;:
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >/D\RXW@1 +G, 9H YêSLVX >3ULQW RQ %RWK 6LGHV +'XSOH[, @ Y\EHUWH NUDWãt QHER GHOãt RNUDM1 +H, 71 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD NDUWX >*HQHUDO@/ SDN QD WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@1 +E, . OHSQ, WH QD NDUWX >3DSHU@/ SDN QD WODþtWNR >'HYLFH 2SWLRQV@1 +F, 9H YêSLVX >$YDLODEOH 2SWLRQV@ ]DãNUWQ, WH SRORåNX >'XSOH[ 2SWLRQ 8QLW@ D NOHSQ, WH QD WODþtWNR >2. @1 9H YêSLVX >506LGHG 3ULQWLQJ@ Y\EHUWH NUDWãt QHER GHOãt RNUDM1
7LVNiUQ\ <DG\ 2. , &:333
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 5333= +D,
+G, . OHSQ, WH QD NDUWX >/D\RXW@1 +H,
;;
ýHãWLQD
+I,
'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
:LQGRZV <;2<8
41 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH :LQGRZV <;2<8= +D, . OHSQ, WH QD NDUWX >'HYLFH 2SWLRQV@1
;<
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
+E, 9H YêSLVX >, QVWDOODEOH 2SWLRQV@ ]NRQWUROXMWH/ ]GD MH QDLQVWDORYiQD GXSOH[Qt MHGQRWND1 +F, . OHSQ, WH QD NDUWX >/D\RXW@1 +G, 9H YêSLVX >506LGHG 3ULQWLQJ@ Y\EHUWH NUDWãt QHER GHOãt RNUDM1 +H, 71 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD NDUWX >3DSHU@/ SDN QD WODþtWNR >'HYLFH 2SWLRQV@1
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8 = +D,
+E, 9H YêSLVX >$YDLODEOH 2SWLRQV@ ]DãNUWQ, WH SRORåNX >'XSOH[ 2SWLRQ 8QLW@ D NOHSQ, WH QD WODþtWNR >2. @1 +F, . OHSQ, WH QD NDUWX >/D\RXW@1 +G, 9H YêSLVX >506LGHG 3ULQWLQJ@ Y\EHUWH NUDWãt QHER GHOãt RNUDM1 +H, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
:LQGRZV 17713
41 51 61 . OHSQ, WH QD >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 17 713= +D, =YêUD]Q, WH SRORåNX >'XSOH[@ D YH YêSLVX ]YROWH >, QVWDOOHG@1
7LVNiUQ\ <DG\ 2. , &:333
<3
ýHãWLQD
71
+E, . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 +F, 2WHY<HWH VRIWZDURYRX DSOLNDFL/ NWHURX FKFHWH SRXåtW1 +G, . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SDN QD WODþtWNR >3URSHUWLHV@1 +H, =YêUD]Q, WH SRORåNX >506LGHG 3ULQWLQJ@ D YH YêSLVX Y\EHUWH NUDWãt þL GHOãt VWUDQX1 +I, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 17 713= +D, . OHSQ, WH QD NDUWX >3DSHU@/ SDN QD WODþtWNR >'HYLFH 2SWLRQV@1 +E, 9H YêSLVX >$YDLODEOH 2SWLRQV@ ]DãNUWQ, WH SRORåNX >'XSOH[ 2SWLRQ 8QLW@ D NOHSQ, WH QD WODþtWNR >2. @1 +F, . OHSQ, WH QD NDUWX >/D\RXW@1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
<4
61 71 81 +G, 9H YêSLVX >506LGHG 3ULQWLQJ@ Y\EHUWH NUDWãt QHER GHOãt RNUDM1 +H, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
9 UROHWRYpP YêSLVX RWHY<HWH >/D\RXW@1 =DãNUWQ, WH SRORåNX >3ULQW RQ %RWK 6LGHV@ D YH YêSLVX >%LQGLQJ@ ]YROWH SRåDGRYDQê GUXK YD]E\1 . OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1
0DFLQWRVK
41 51 'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ RWHY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1
<5
7LVNiUQ\ <DG\ 2. , &:333
7LVN EURåXUHN
3<HG ]DKiMHQtP WLVNX EURåXUHN PXVt EêW QD WLVNiUQ, QDLQVWDORYiQD YROLWHOQi GXSOH[Qt MHGQRWND1 3RNXG MLå WLVNiUQD QHQt WRXWR MHGQRWNRX RSDW<HQD/ SRSLV LQVWDODFH QDOH]QHWH Y . DSLWROH ; 0 9ROLWHOQp S<tVOXãHQVWYt1 3R]QiPND 4= 7LVN EURåXUHN O]H SURYiG, W SRX]H V SRXåLWtP RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8 QHER 17 713 +QLNROLY VtÚRYp VSRMHQt, þL RYODGDþH WLVNiUQ\ 0DFLQWRVK1 3R]QiPND 5= 1, NWHUp VRIWZDURYp DSOLNDFH WLVN EURåXUHN QHSRGSRUXMt1 3R]QiPND 6= 1DVWDYHQt ³]SUDYD GROHYD´ XPRå6XMH Y\WLVNQRXW EURåXUN\ WDN/ DE\ VH GDO\ þtVW ]SUDYD GROHYD/ FRå VH X Q, NWHUêFK MD]\N$ SRXåtYi1
ýHãWLQD
1
1
:LQGRZV <;2<8 3&/
41 51 61 71 . OHSQ, WH QD >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >3DSHU@/ SDN QD WODþtWNR >'HYLFH 2SWLRQV@1 9H YêSLVX >$YDLODEOH 2SWLRQV@ ]DãNUWQ, WH SRORåNX >'XSOH[ 2SWLRQ 8QLW@ D NOHSQ, WH QD WODþtWNR >2. @1 81 91 . OHSQ, WH QD NDUWX >/D\RXW@1 9H YêSLVX >)LQLVKLQJ 0RGH@ ]YROWH SRORåN\ >%RRNOHW@ D >6LJQDWXUH@1
<6
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
:1
. OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\
Windows NT4. 0 PCL 41 51 61 2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1 . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SDN QD WODþtWNR >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >3DSHU@/ SDN QD WODþtWNR >'HYLFH 2SWLRQV@1
91 :1 71 9H YêSLVX >$YDLODEOH 2SWLRQV@ ]DãNUWQ, WH SRORåNX >'XSOH[ 2SWLRQ 8QLW@ D NOHSQ, WH QD WODþtWNR >2. @1 . OHSQ, WH QD NDUWX >/D\RXW@1
9H YêSLVX >)LQLVKLQJ 0RGH@ ]YROWH SRORåN\ >%RRNOHW@ D >6LJQDWXUH@1 . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
81
<7
7LVNiUQ\ <DG\ 2. , &:333
7LVN YRGR]QDN$
3R]QiPND= 9RGR]QDN\ QHO]H WLVNQRXW SRPRFt SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ YH :LQGRZV 5333 QHER 17 7131
ýHãWLQD
:LQGRZV 5333 3&/
41 51 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1
0DFLQWRVK
41 51 'YRMNOHSQ, WH QD LNRQX WLVNiUQ\ D GiOH NOHSQ, WH QD >)LOH@ 0 >3DJH 6HWXS@1 =DãNUWQ, WH SRORåNX >%RRNOHW@/ Y\EHUWH SRåDGRYDQê W\S YD]E\ D NOHSQ, WH QD WODþtWNR >2. @1
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
<8
61
. OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >:DWHUPDUN@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >:DWHUPDUN@1 9H YêSLVX >:DWHUPDUN@ Y\EHUWH SRåDGRYDQê YRGR]QDN1 &KFHWH0OL Y\WYR<LW QRYê YRGR]QDN/ SRVWXSXMWH QiVOHGRYQ, = +D, 9 SROL >7H[W@ Y\SLãWH SRåDGRYDQê WH[W D ]DGHMWH MHKR YHOLNRVW D VNORQ1 +E, 9\EHUWH SDUDPHWU\ >)RQW@/ >&RORXU@ D >3RVLWLRQ@ QRYpKR YRGR]QDNX/ SDN NOHSQ, WH QD WODþtWNR >$GG@1 3RNXG VH Pi YRGR]QDN REMHYLW SRX]H QD SUYQt VWUiQFH GRNXPHQWX/ ]DãNUWQ, WH SRORåNX >)LUVW 3DJH 2QO\@1 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >:DWHUPDUN@1
71 81
91 :1
71
8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV <;2<8= +D, 9H YêSLVX >6HOHFW D :DWHUPDUN@ Y\EHUWH SRåDGRYDQê YRGR]QDN1 +E, &KFHWH0OL Y\WYR<LW QRYê YRGR]QDN QHER XSUDYLW H[LVWXMtFt YRGR]QDN/ VWLVNQ, WH WODþtWNR >1HZ@ QHER >(GLW@1 +F, 9 SROL >:DWHUPDUN 7H[W@ Y\SLãWH SRåDGRYDQê WH[W D ]DGHMWH MHKR StVPR/ YHOLNRVW D VW\O1
:LQGRZV <;2<8
41 51 61
<9
+G, =DGHMWH VNORQ/ EDUYX D SR]LFL QRYpKR YRGR]QDNX/ SDN NOHSQ, WH QD WODþtWNR >2. @1
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
+H, +I, 81
9 SROL >3ULQW :DWHUPDUN@ ]DGHMWH/ NDP D MDN Pi EêW YRGR]QDN Y\WLVNQXW1 . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 9H YêSLVX >:DWHUPDUN@ Y\EHUWH SRåDGRYDQê YRGR]QDN1 41 51 61 +G, 3RNXG VH Pi YRGR]QDN REMHYLW SRX]H QD SUYQt VWUiQFH GRNXPHQWX/ ]DãNUWQ, WH SRORåNX >)LUVW 3DJH 2QO\@1 +H, . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8= +D,
+E, &KFHWH0OL Y\WYR<LW QRYê YRGR]QDN/ Y\SLãWH Y SROL >7H[W@ SRåDGRYDQê WH[W D ]YROWH MHKR YHOLNRVW D VNORQ1 +F, 9\EHUWH StVPR/ EDUYX D SR]LFL QRYpKR YRGR]QDNX/ SDN NOHSQ, WH QD WODþtWNR >$GG@1
:LQGRZV 17 713 3&/
2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1 . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SRWRP QD WODþtWNR >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >:DWHUPDUN@1
<:
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
0DFLQWRVK
41 51 71 81 9H YêSLVX >6HOHFW D :DWHUPDUN@ Y\EHUWH SRåDGRYDQê YRGR]QDN1 &KFHWH0OL Y\WYR<LW QRYê YRGR]QDN/ Y\SLãWH Y SROL >7H[W@ SRåDGRYDQê WH[W D ]YROWH MHKR YHOLNRVW D VNORQ1 9\EHUWH StVPR/ EDUYX D SR]LFL QRYpKR YRGR]QDNX/ SDN NOHSQ, WH QD WODþtWNR >$GG@1 3RNXG VH Pi YRGR]QDN REMHYLW SRX]H QD SUYQt VWUiQFH GRNXPHQWX/ ]DãNUWQ, WH SRORåNX >)LUVW 3DJH 2QO\@1 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 71 61 'YRMNOHSQ, WH QD LNRQX WLVNiUQ\ D NOHSQ, WH QD >)LOH@ 0 >3DJH 6HWXS@1 9 UROHWRYpP YêSLVX Y\EHUWH >:DWHUPDUN@1 &KFHWH0OL Y\WYR<LW QRYê YRGR]QDN QHER HGLWRYDW H[LVWXMtFt YRGR]QDN MDNR WH[W= +D, . OHSQ, WH QD WODþtWNR >7H[W@ D >(GLW@1 +E, 8ORåWH QRYê QHER XSUDYHQê YRGR]QDN D NOHSQ, WH QD WODþtWNR >2. @1 &KFHWH0OL Y\WYR<LW QRYê YRGR]QDN QHER HGLWRYDW H[LVWXMtFt YRGR]QDN MDNR JUDILFNê VRXERU 3, &7 QHER (36= +D, =SUDFXMWH QHER XSUDYWH JUDILFNê VRXERU YH IRUPiWX 0DFLQWRVK 3LFWXUH +3, &7, QHER (QFDSVXODWHG 3RVW6FULSW +(36, 1
7LVNiUQ\ <DG\ 2. , &:333
91 :1
;1
<;
6QiãHQt
ýHãWLQD
3R]QiPND 4= 3RNXG Pi VRIWZDURYi DSOLNDFH/ NWHURX SRXåtYiWH/ IXQNFL SUR VQiãHQt WLVNX/ GRSRUXþXMHPH SRXåtYDW EX'WR WXWR IXQNFL/ QHER REGREQRX IXQNFL WLVNiUQ\/ DE\ QHGRãOR NH NRQIOLNWX E, KHP WLVNX1 3R]QiPND 5= 1iVOHGXMtFt SRN\Q\ VH WêNDMt YêE, UX IXQNFH VQiãHQt V SRXåLWtP RYODGDþH WLVNiUQ\1 +E, 8ORåWH JUDILFNê VRXERU VOHGHP S<tND]$ >6\VWHP )ROGHU@ 0 >, QLWLDO 6HWWLQJV@ 0 >:DWHUPDUN@ GR S<tVOXãQp VORåN\1 81 9\EHUWH VWUiQN\/ QD NWHUp VH Pi YRGR]QDN Y\WLVNQRXW/ D ]YROWH YRGR]QDN/ NWHUê FKFHWH SRXåtW1 9 SROL >:DWHUPDUN@ Y\EHUWH ] UROHWRYpKR YêSLVX SRåDGRYDQê YRGR]QDN D NOHSQ, WH QD WODþtWNR >2. @1
:LQGRZV 5333
41 51 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1
91
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
<<
61
8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >/D\RXW@1 +E, . OHSQ, WH QD WODþtWNR >$GYDQFHG@/ SDN YH YêSLVX >3ULQWHU )HDWXUHV@ Y\EHUWH S<tND] >&ROODWH@1 +F, 9 RNpQNX >&RS\ &RXQW@ ]DGHMWH SRåDGRYDQê SRþHW NRSLt D ]DãNUWQ, WH >&ROODWHG@1 +G, 7<LNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
71
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 5333= +D, . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >3DSHU@1 1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D SDN QD NDUWX >3DSHU@1 +E, =DGHMWH SRåDGRYDQê SRþHW NRSLt D ]DãNUWQ, WH YROEX >6QiãHW NRSLH@ YH YêSLVX >. RSLH@1 +F, 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
433
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:LQGRZV <;2<8
41 51 61 71 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >3DSHU@1 8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV <;2<8= +D, =DGHMWH SRåDGRYDQê SRþHW NRSLt D ]DãNUWQ, WH YROEX >&ROODWH@ YH YêSLVX >&RSLHV@1 +E, GLDORJRYp RNpQNR WLVNiUQ\1
81
8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV <;2<8= +D, =DGHMWH SRåDGRYDQê SRþHW NRSLt D ]DãNUWQ, WH YROEX >3ULQWHU &ROODWH@ YH YêSLVX >&RSLHV@1 +E, . OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1 . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SRWRP QD WODþtWNR >3URSHUWLHV@1
434
:LQGRZV 17713
41 51
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
61
8 SRVWVNULSWRYpKR RYODGDþH WLVNiUQ\ :LQGRZV 17 713= +D, 9 SROL >&RS\ &RXQW@ ]DGHMWH SRåDGRYDQê SRþHW NRSLt D SDN Y SROL >&ROODWH@ ]YROWH ><HV@1
+F,
'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
0DFLQWRVK
41 51 'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ RWHY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1
+E, 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1 71 8 RYODGDþH WLVNiUQ\ 3&/ :LQGRZV 17 713= +D, . OHSQ, WH QD NDUWX >3DSHU@1 +E, =DGHMWH SRåDGRYDQê SRþHW NRSLt D ]DãNUWQ, WH YROEX >3ULQWHU &ROODWH@ YH YêSLVX >&RSLHV@1
435
7LVNiUQ\ <DG\ 2. , &:333
6XEVWLWXFH StVPD
3R]QiPND=
ýHãWLQD
6XEVWLWXFL StVPD O]H XVNXWHþQLW SRX]H X SRVWVNULSWRYêFK RYODGDþ$ WLVNiUQ\ SUR :LQGRZV D 0DFLQWRVK1
:LQGRZV 5333 3RVW6FULSW
41 61 9H YêSLVX >&RSLHV@ ]DGHMWH SRåDGRYDQê SRþHW NRSLt D ]DãNUWQ, WH SROH >&ROODWH@/ S<tSDGQ, P$åHWH ]DGDW L REUiFHQp SR<DGt SRPRFt YROE\ >5HYHUVH 2UGHU@1 . OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1 51 61 =DGHMWH VOHG S<tND]$ >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >*HQHUDO@/ WODþtWNR >3ULQWLQJ 3UHIHUHQFHV@ D SDN QD NDUWX >/D\RXW@1
71
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
436
1(%2 . OHSQ, WH QD NDUWX >$GYDQFHG@/ SDN QD WODþtWNR >3ULQWLQJ 'HIDXOWV@ D GiOH QD NDUWX >/D\RXW@1 71 . OHSQ, WH QD WODþtWNR >$GYDQFHG@1
<1
. OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1
81 91 :1 ;1
9H YêSLVX >7UXH 7\SH )RQW@ ]YROWH VXEVWLWXFL QHER ]DYHGHQt StVPD1 9H YêSLVX >7UXH 7\SH 'RZQORDG 2SWLRQ@ ]YROWH SRåDGRYDQp ]S$VRE\ ]DYHGHQt StVPD1 'YDNUiW NOHSQ, WH QD WODþtWNR >2. @1 . OHSQ, WH QD NDUWX >'HYLFH 6HWWLQJV@ D YH YêSLVX >)RQW 6XEVWLWXWLRQ 7DEOH@ Y\EHUWH SRåDGRYDQRX VXEVWLWXFL StVPD1
:LQGRZV <;2<8 3RVW6FULSW
41 51 61 71 . OHSQ, WH QD >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >)RQWV@1 = XYHGHQêFK PRåQRVWt Y\EHUWH SRåDGRYDQRX VXEVWLWXFL StVPD1
7LVNiUQ\ <DG\ 2. , &:333
437
ýHãWLQD
81
. OHSQ, WH QD WODþtWNR >2. @ D ]DY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >6WDUW@ 0 >6HWWLQJV@ 0 >3ULQWHUV@1 =YêUD]Q, WH MPpQR WLVNiUQ\/ NOHSQ, WH QD >)LOH@ D SDN QD >3URSHUWLHV@1 . OHSQ, WH QD NDUWX >'HYLFH 6HWWLQJV@ D YH YêSLVX >)RQW 6XEVWLWXWLRQ 7DEOH@ Y\EHUWH SRåDGRYDQRX VXEVWLWXFL StVPD1 . OHSQ, WH QD WODþtWNR >2. @1
81 91 :1 ;1
2WHY<HWH S<tVOXãQRX VRIWZDURYRX DSOLNDFL1 . OHSQ, WH QD >)LOH@ 0 >3ULQW@/ SRWRP QD WODþtWNR >3URSHUWLHV@1 =YêUD]Q, WH YROEX >7UXH 7\SH )RQW@ D ]YROWH QDVWDYHQt SUR VXEVWLWXFL/ QHER ]DYHGHQt1 =YêUD]Q, WH YROEX >7UXH 7\SH 'RZQORDG 2SWLRQ@ D Y ]REUD]HQpP YêSLVX Y\EHUWH SRåDGRYDQp QDVWDYHQt1 'YRMtP NOHSQXWtP QD WODþtWNR >2. @ GRNXPHQW Y\WLVNQHWH1
:LQGRZV 17713 3RVW6FULSW
41 51 61
<1
71
. DSLWROD 8 0 5R]ãt<HQp RSHUDFH
438
0DFLQWRVK
41 51 61 71 81 'YRMNOHSQXWtP QD LNRQX WLVNiUQ\ RWHY<HWH GLDORJRYp RNpQNR WLVNiUQ\1 . OHSQ, WH QD >)LOH@ 0 >3ULQW :LQGRZ@1 9 UROHWRYpP YêSLVX Y\EHUWH >3RVW6FULSW 6HWWLQJV@1 9H YêSLVX >)RQW , QFOXVLRQ@ Y\EHUWH ]S$VRE VXEVWLWXFH StVPD1 . OHSQXWtP QD >6DYH 6HWWLQJV@ XORåtWH QDVWDYHQt RYODGDþH WLVNiUQ\/ NOHSQXWtP QD >3ULQW@ GRNXPHQW Y\WLVNQHWH1 91 :1 ;1 <1 . OHSQ, WH QD >)LOH@ 0 >3DJH 6HWXS@1 9 UROHWRYpP YêSLVX >3RVW6FULSW 2SWLRQV@ Y\EHUWH YROE\ MD]\ND 3RVW6FULSW11 9 S<tSDG, SRW<HE\ ]DãNUWQ, WH YROEX >6XEVWLWXWH IRQW@ QHER >8QOLPLWHG 'RZQORDGDEOH )RQWV@1 . OHSQ, WH QD WODþtWNR >2. @1
439
7LVNiUQ\ <DG\ 2. , &:333
7LVN VH]QDPX StVHP
41 7LVNQ, WH WODþtWNR 1DEtGND +3, / GRNXG VH QD GLVSOHML QHREMHYt 35, 17 0(18/ SDN VWLVNQ, WH WODþtWNR 9êE, U +6, 1 7LVNQ, WH WODþtWNR 3RORåND +4, / GRNXG VH QD GLVSOHML QHREMHYt 35, 17 3&/ )217 QHER 35, 17 36 )2171 6WLVNQXWtP WODþtWND 9êE, U +6, VH]QDP GUXK$ StVPD Y\WLVNQHWH1 3R Y\WLVNQXWt VH]QDPX VH WLVNiUQD YUiWt GR UHåLPX RQOLQH1
. RUHNWXUD D WLVN
ýHãWLQD
)XQNFH NRUHNWXUD D WLVN XPRå6XMH Y\WLVNQRXW MHGQX NRSLL GRNXPHQWX SUR NRQWUROX D WHSUYH SDN Y\WLVNQRXW Y, Wãt SRþHW NRSLt1
51
3R]QiPND 4= 7LVNiUQD PXVt EêW Y\EDYHQD YQLW<QtP SHYQêP GLVNHP/ QD NWHUê P$åH EêW WLVNRYi ~ORKD S<HG ILQiOQtP WLVNHP RGVWDYHQD 1 3R]QiPND 5= 3RNXG NDSDFLWD GLVNX QHVWDþt QD RGVWDYHQt WLVNRYp ~ORK\/ QD GLVSOHML VH ]REUD]t KOiãHQt ', 6. 40 , 44 QDVWDYHQt RYODGDþH WLVNiUQ\ . 143
49:
5HMVW<tN
S<tGDYQi SDP, W¶ . 13 , 40 S<LSRMHQt SDUDOHOQtKR UR]KUDQt . 7 2GVWUD6RYiQt SUREOpP$
49;
3DStU GUXK\ . 47, 51 QDVWDYHQt RYODGDþH WLVNiUQ\. . 118
7LVNiUQ\ <DG\ 2. , &:333
ýHãWLQD
:LQGRZV . . 155 3<LSRMHQt QDSiMHFt ã6$UD . 11 ÒGUåED þLãW, Qt KODY\ /('. 6
49<
8
7
7HSHOQi IL[DþQt MHGQRWND . . 67
5HMVW<tN
9tFH VWUDQ QD OLVWX . [. . . ] 11 ÒGUåED þLãW, Qt KODY\ /('. 6
49<
8
7
7HSHOQi IL[DþQt MHGQRWND . . 67
5HMVW<tN
9tFH VWUDQ QD OLVWX . 95 9ROLWHOQp GRSO6N\ GDOãt SDP, Ú . [. . . ]