WXUYDOLVXVHHHVWYDVWXWDYLVLN
RQWDJDQXGSLLVDYDMlUHOHYDOYH
MDMXKHQGDPLVHHOHNWULW||ULLVWD
NDVXWDPLVHNRKWD
/DVWHOHWXOHE}SHWDGDHWQDGHL
WRKLHOHNWULW||ULLVWDJDPlQJLGD
bUJHSXXGXWDJHRKWOLNNH
OLLNXYDLGRVLHQQHNXLVHDGH
RQYRROXY}UJXVWHHPDOGDWXGMD
RKWOLNXGOLLNXYDGRVDGRQ
WlLHOLNXOWSHDWXQXGbUJH
NXQDJLYDKHWDJH
PLWWHPHWDOVHLGO}LNHYDKHQGHLG
PHWDOOLVWO}LNHYDKHQGLWHYDVWX
bUJHNDVXWDJHVHDGHWWHLVWH
LQLPHVWHHULWLODVWHY}L
ORRPDGHOlKHGXVHV
.DOODNXWHOMlOJLJHMDOJHDOXVW
HULWLWlKHOHSDQHOLNXOW
.}QGLJHlUJHMRRNVNH
7227(/.$687$78'
6h0%2/,'
7RRWHOY}LYDGHVLQHGDP}QHGMlUJPLVWHVWVPEROLWHVW
7XWYXJHQHQGHMDYDVWDYDWHWlKHQGXVWHJD1HQGHVPEROLWH
}LJHW}OJHQGDPLQHY}LPDOGDEW||ULLVWDSDUHPDWMDRKXWXPDW
NDVXWDPLVW
6PERO 6HOJLWXV
7HLHWXUYDOLVXVHJDVHRWXGHWWHYDDWXVD
ELQ}XG
/XJHJHN}LNMXKLVHGHQQHWRRWHNDVX
WDPLVWOlELMDWHKNHQHHGHQGDOHVHO
JHNVQLQJMlUJLJHDODWLN}LNLKRLDWXVL
MDRKXWXVMXKLVHLG
6HDGHRQYDUXVWDWXGOLLWLXPLRRQDNX
GHJD
6PERO 6HOJLWXV
.DVXWDJHVLOPDGHMDN}UYDGHNDLWVH
YDKHQGHLG
.DQGNHNDLWVHNLQGDLGMDWXUYDMDOD
Q}XVLG
bUJHMlWNHWRRGHWYLKPDNlWWHY}L
QLLVNHWHVVHWLQJLPXVWHVVH
(QQHKRROGXVWRLPLQJXLGHHPDOGDJH
VHDGPHOWDNXSORNN
(WWHYDDWXVWSDLVNXYDWHY}LOHQGDYDWH
HVHPHWHJD(VHPHGY}LYDGULNRãHWLJD
HHPDOHSDLVNXGDMDWHNLWDGDYLJDVWXVL
LQLPHVWHOHY}LYDUDNDKMXVWXPLVW
+RLGNHN}LNN}UYDOVHLVMDGHULWL
ODSVHGMDORRPDGW||SLLUNRQQDVWRKX
WXVNDXJXVHVVWYlKHPDOWPNDX
JXVHO
*DUDQWHHULWXGKHOLY}LPVXVHWDVHRQ
G%
2+87$6(0('
-lUJPLVHGPlUNV}QDGMDWlKHQGXVHGVHOJLWDYDGVHOOHWRRWHJD
VHRWXGRKXWDVHPHLG
6h0
%2/
6,*1$$/ 7b+(1'86
2+7 7lKLVWDEHHOVHLVYDWRKWOLNNX
ROXNRUGDPLOOHWDJDMlUMHNVRQ
VXUPY}LW}VLVHGYLJDVWXVHG
+2,$786 7lKLVWDEY}LPDOLNNXRKWOLNNX
ROXNRUGDPLOOHWDJDMlUMHNV
Y}LYDGROODVXUPY}LW}VLVHG
YLJDVWXVHG
2/8/,1( 7lKLVWDEY}LPDOLNNXRKWOLNNX
ROXNRUGDPLOOHWDJDMlUMHNV
Y}LYDGROODNHUJHGY}LNHVN
PLVHUDVNXVDVWPHJDYLJDV
WXVHG
0b5.86 6HHRQOLVDWXGWlLHQGDYDWHDEH
DQGPLVHHHVPlUJLO
(HVWL
(7