2'675$1,7($.808/$725
6OLND
3RWLVQLWHLQGUåLWHJXPE]DVSURVWLWHYDNXPXODWRUMD
2GVWUDQLWHDNXPXODWRUL]QDSUDYH
835$9/-$1-(
1(9$512
9YVHKHOHNWULþQLKVWUHORYRGLKLQNRPXQLNDFLMVNLKåLFDKNL
VRVSHOMDQHQDGJODYRMHODKNRHOHNWULþQLWRNSRGYLVRNR
QDSHWRVWMR(QRWDQLL]ROLUDQDSUHGHOHNWULþQLPWRNRPäLF
VHQLNROLQHGRWLNDMWHQHSRVUHGQRDOLSRVUHGQRVDMODKNR
SULGHGRKXGLKWHOHVQLKSRãNRGEDOLVPUWL
320(0%12
3UHGXSUDYOMDQMHPQDSUDYHSRVNUELWHGDERVWHSUHEUDOLLQ
UD]XPHOLYDUQRVWQHSUHGSLVHLQQDYRGLOD]DXSUDYOMDQMH
232=25,/2
3ULXSUDYOMDQMXQDSUDYHERGLWHSUHYLGQL
=$*211$35$9(
6OLND
3ULWLVQLWHURþLFR]D]DNOHSLQSRYOHFLWHVSURåLOHF
=$867$9,7(91$35$9(
6OLND
6SURVWLWHVSURåLOHFGD]DXVWDYLWHQDSUDYR
1$69(7,=$835$9/-$1-(
6OLND
232=25,/2
0HGWHOHVRPLQQDSUDYRRKUDQMDMWHUD]GDOMR
232=25,/2
1DSUDYHQHXSUDYOMDMWHEUH]QDPHãþHQHJDãþLWD
3ULXSRUDELQDSUDYHXSRãWHYDMWHWHQDVYHWH
.DGDUXSUDYOMDWHQDSUDYRMRþYUVWRGUåLWH]REHPD
URNDPD
9LVRNRWUDYRNRVLWH]YUKDQDY]GRO
ýHVHWUDYDQDYLMHRNROLJODYHNRVLOQLFH
2GVWUDQLWHEDWHULMVNLVNORS
2GVWUDQLWHWUDYR
1$69(7,=$.2â1-2
6OLND
1DSUDYRQDJQLWHSURWLREPRþMXNRãQMH7UDYRNRVLWHV
NRQLFRQLWNH]DNRãQMR
1DSUDYRSUHPLNDMWHRGGHVQHSURWLOHYLGDSUHSUHþLWH
PHWDQMHGHOFHYSURWLXSUDYOMDYFX
1HNRVLWHQDQHYDUQLKREPRþMLK
*ODYHNRVLOQLFHQHSRWLVNDMWHQDVLORYQHSRNRãHQRWUDYR
äLþQDWHLQOHVHQHRJUDMHSRY]URþLMRREUDERLQWUJDQMH
QLWNH]DNRãQMR2ENDPQLWLKRSHþQDWLK]LGRYLKSORþQLNLK
LQOHVXVHQLWND]DNRãQMRKLWURREUDEL
1$67$9,7(9'2/ä,1(1,7.(=$
.2â1-2
6OLND
0HGXSUDYOMDQMHPQDSUDYHVHQLWND]DNRãQMRREUDELLQ
VNUDMãD'ROåLQRQLWNH]DNRãQMRODKNRSULODJRGLWH
0HGXSUDYOMDQMHPQDSUDYH]JODYRNRVLOQLFHXGDULWHRE
WOD
1LWNDVHVDPRGHMQRVSURVWLLQUH]LOR]DUH]DQMHQLWNH
RGUHåHSUHGROJRQLWNR
35,/$*2',7(935(0(5$
.2â1-(
6OLND
2320%$
1DSUDYDMHQDVWDYOMHQDQDPPSUHPHUNRãQMH1DVWDYLWH
JDODKNRQDPPSUHPHUNRãQMH
3UHPHUNRãQMHQDVWDYLWHQDPP]DGDOMãLþDVGHORYDQMD
LQPP]DYHþMHREPRþMHNRãQMH
2GVWUDQLWHEDWHULMVNLVNORS
=UH]LOD]DUH]DQMHQLWNHRGVWUDQLWHYLMDNHUH]LOD
5H]LOR]DUH]DQMHQLWNHREUQLWH]D
3ULYLMWHYLMDNHUH]LOD
5(=,/2=$5(=$1-(1,7.(
6OLND
7DNRVLOQLFDLPDQD]DãþLWLYJUDMHQRUH]LOR]DUH]DQMHQLWNH
5H]LOR]DUH]DQMHQLWNHQHSUHNLQMHQRSULUH]XMHQLWNRLQWDNR
]DJRWRYLVWDOHQLQXþLQNRYLWSUHPHU]DUH]DQMH,]YOHFLWH
QLWNRNR]DVOLãLWHGDVHPRWRUYUWL]YLãMLPLREUDWLNRW
RELþDMQRDOLNRVH]PDQMãDXþLQNRYLWRVWREUH]RYDQMD1DWD
QDþLQERVWH]DJRWRYLOLQDMEROMãRXþLQNRYLWRVWGHORYDQMDQLWND
]DNRãQMRSDERYHGQRGRYROMGROJD]DSULPHUQRSRGDOMãDQMH
9='5ä(9$1-(
320(0%12
3UHGþLãþHQMHPSRSUDYLORPLQY]GUåHYDOQLPLGHOLQD
QDSUDYLSUHEHULWHLQSRVNUELWHGDERVWHUD]XPHOLYDUQRVWQH
SUHGSLVHLQQDYRGLOD]DY]GUåHYDQMH
6ORYHQãþLQD
6/