%*#26'46417$.'5*116+0)
+ $NCEMCPFDNWTTGFJQTK\QPVCNUVTKRGU
2QUUKDNGECWUG 5VGR %JGEM 4GUWNV 4GOGF[
)TQWPF
EQPVCEVU
5ETCVEJQPVJG
FTWO
#TGVJGJQTK\QPVCNUVTKRGUCV
OORJQVQUGPUKVKXGFTWO
KPVGTXCNU!
;GU 6JGRJQVQUGPUKVKXG
FTWOYCUUETCVEJGF
4GRNCEGVJGFTWO
WPKV
6QPGTUVWEMQP
VJGFGXGNQRGT
TQNNGT
#TGVJGJQTK\QPVCNUVTKRGUCV
OOFGXGNQRGTTQNNGT
KPVGTXCNU!
;GU #HVGTRTKPVKPIUGXGTCN
RCIGUVJGRTQDNGO
YKNNFKUCRRGCT
+HPQVTGRNCEGVJG
VQPGTECTVTKFIG
5ETCVEJQPVJG
JGCVTQNNGT
#TGVJGJQTK\QPVCNUVTKRGUCV
OOJGCVTQNNGTKPVGTXCNU!
;GU 4GRNCEGVJGJGCV
TQNNGT
%QTQPCEQPVCEV
HCKNWTG
#TGVJGEJCTIGGNGEVTQFGU
DGVYGGPVJGRTKPVGTDQF[CPF
VJGFTWOWPKVFKTV[!
;GU %NGCPDQVJGNGEVTQFGU
➂
*KIJXQNVCIG
RQYGTUWRRN[
2%$HCKNWTG
+UVJGRTQDNGOUQNXGFCHVGT
TGRNCEKPIVJGJKIJXQNVCIG
RQYGTUWRRN[2%$!
;GU 4GRNCEGVJGJKIJ
XQNVCIGRQYGTUWRRN[
2%$
+ $NCEMXGTVKECNUVTGCMUKPCITC[DCEMITQWPF
2QUUKDNGECWUG 5VGR %JGEM 4GUWNV 4GOGF[
)TQWPF
EQPVCEVU
6TCPUNWEGPV
UVCKPQPVJG
UECPPGTYKPFQY
+UVJGTGCP[FKTVQPVJGUECPPGT
YKPFQY!
;GU %NGCPVJGUECPPGT
YKPFQY
+HKVKUPQVGHHGEVKXG
TGRNCEGVJGNCUGT
WPKV
%QTQPCHCKNWTG +UVJGEQTQPCYKTGFKTV[! ;GU %NGCPVJGEQTQPCYKTG
YKVJVJGYKTGENGCPGT
➁
7UGT%JGEM
6JGFTWOWPKVOC[DGFCOCIGF+PUVCNNCPGYFTWOWPKV
%JGEMVJGRCRGTWUGFOGGVUVJGTGEQOOGPFGFRCRGTURGEKHKECVKQPU
%NGCPVJGRTKPVGTKPVGTKQTCPFVJGEQTQPCYKTGKPVJGFTWOWPKV