=DL]NORSQDSUDYHSRQRYQRSULWLVQLWHWLSNR]DSUYR
KLWURVW
9='5ƾ(9$1-(,1Î,ơÎ(1-(
Î,ơÎ(1-(0$ơÎ2%1(*$),/75$
9VDNILOWHUMHWUHEDRÏLVWLWLYVDMHQNUDWQDPHVHF
)LOWULVRQDPHģÏHQLVSRPRÏMRVSRQNLQ]DWLÏHYQD
QDVSURWQLVWUDQL
=DÏLƢÏHQMHILOWUD
3ULWLVQLWHURÏLFRSULWUGLOQHVSRQNHQDSORģÏLV
ILOWURPSRGQDSR
1
2
5DKORQDJQLWHVSUHGQMLGHOILOWUDQDY]GRO
QDWRSRYOHFLWH
3RQRYLWHSUYDGYDNRUDND]DYVHILOWUH
)LOWUHRÏLVWLWH]JRELFRLQÏLVWLOQLPVUHGVWYRP
NLQLJURERDOLYSRPLYDOQHPVWURMX
3RPLYDOQLVWURMPRUDWHQDVWDYLWLQD
QL]NRWHPSHUDWXURLQNUDWHNSURJUDP
0DģÏREQLILOWHUVHODKNRUD]EDUYDD
WRQHYSOLYDQD]PRJOMLYRVWQDSUDYH
=DSRQRYQRQDPHVWLWHYILOWURYSRQRYLWHSUYD
GYDNRUDNDYREUDWQHP]DSRUHGMX
.RUDNHSRQRYLWH]DYVHILOWUHÏHREVWDMDMR
=$0(1-$9$2*/(1(*$),/75$
ÎDVQDVLÏHQRVWLRJOHQHJDILOWUDVHVSUHPLQMD
JOHGHQDYUVWRNXKDQMDLQSRJRVWRVWÏLģÏHQMD
PDģÏREQHJDILOWUD
232=25,/22JOHQLILOWHU1,SUDOHQ
)LOWUDQHPRUHWHREQRYLWL
=D]DPHQMDYRRJOHQHJDILOWUD
,]QDSUDYHRGVWUDQLWHPDģÏREQHILOWUH
2JOHMWHVL}ÎLģÏHQMHPDģÏREQHJDILOWUDmYWHP
SRJODYMX
)LOWHUREUQLWHYQDVSURWQLVPHULXUQHJD
ND]DOFDLQQDWRSRYOHFLWH
1
2
=DSRQRYQRQDPHVWLWHYILOWURYSRQRYLWHNRUDNHY
REUDWQHP]DSRUHGMX
=$0(1-$9$ƾ$51,&(
7DQDSUDYDLPD/('ŀDUQLFR7DGHOODKNR
]DPHQMDVDPRVWURNRYQMDN9SULPHUX
NDNUģQHNROLQDSDNHVLRJOHMWH}6HUYLVmY
SRJODYMX}9DUQRVWQDQDYRGLODm
6.5%=$2.2/-(
5HFLNOLUDMWHPDWHULDOHNLMLKR]QDÏXMHVLPERO
(PEDODŀRRGORŀLWHYXVWUH]QH]DERMQLNH]D
UHFLNODŀR3RPDJDMWH]DģÏLWLWLRNROMHLQ]GUDYMH
OMXGLWHUUHFLNOLUDWLRGSDGNHHOHNWULÏQLKLQ
HOHNWURQVNLKQDSUDY1DSUDYR]QDÏHQLKV
VLPERORP
QHRGVWUDQMXMWH]JRVSRGLQMVNLPL
RGSDGNL,]GHOHNYUQLWHQDNUDMHYQR]ELUDOLģÏH]D
UHFLNOLUDQMHDOLVHREUQLWHQDREÏLQVNLXUDG
56