9RGLDFXOLãWXY\PHĖWHNHćMHGUiåNDRSRWUHERYDQi
YRGLDFDOLãWDRKQXWiDOHERSUDVNQXWiUHVSNHćY
GUiåNDFKG{MGHNQDGPHUQpPX]DKULDWLXDOHERWYRUEH
RVWUtQ$NMHSRWUHEQiYêPHQDSRXåLWHLEDYRGLDFX
OLãWXãSHFL¿NRYDQ~SUHYDãXStOXYUR]SLVHGLHORYDOHER
QDãWtWNXXPLHVWQHQRPQDUHĢD]RYHMStOH
.21752/$+/$',1<=0(6,3$/,9$
3R]ULWHVLRGVHN1$3/1(1,(02725$3$/,920Y
þDVWL35(9È'=.$
MAZANIE
3R]ULWHVLRGVHN2/(-35(92',$&8/,â78$
5(ġ$=YþDVWL35(9È'=.$
,1â3(.&,$$ý,67(1,(=$5,$'(1,$$
â7Ë7.29
3RNDåGRPSRXåLWtVNRQWUROXMWHFHOp]DULDGHQLHþL
QLHNWRUpþDVWLQLHV~XYRĐQHQpDOHERSRãNRGHQp
=DULDGHQLHDãWtWN\RþLVWLWHYOKNRXKDQGULþNRXD
MHPQêPþLVWLDFLPSURVWULHGNRP
=DULDGHQLHXWULWHþLVWRXVXFKRXKDQGURX
.21752/$%5='<5(ġ$=(
3R]ULWHVLRGVHN%5='$5(ġ$=(YþDVWL
35(9È'=.$
9<ý,67,7(9='8&+29é),/7(5
a 832=251(1,()LOWHUQHþLVWLWHEHQ]tQRPDQL
åLDGQ\PKRUĐDYêPUR]S~ãĢDGORPSUHGtGHWH
WDNUL]LNXSRåLDUXDOHERSURGXNFLLãNRGOLYêFK
HPLVLt
âSLQDYêY]GXFKRYê¿OWHU]QLåXMHåLYRWQRVĢYêNRQ
PRWRUDD
]Y\ãXMHVSRWUHEXSDOLYDDãNRGOLYpHPLVLH
9]GXFKRYê¿OWHUYåG\Y\þLVWLWHSRQiGUåLDFKSDOLYD
DOHERKRGLQiFKSUHYiG]N\SRGĐDWRKRþRQDVWDQH
VN{U9SUDãQêFKSRGPLHQNDFKKRþLVWLWHþDVWHMãLH
3RXåLWêY]GXFKRYê¿OWHUVDQLNG\QHGi~SOQHY\þLVWLĢ
9]GXFKRYê¿OWHURGSRU~þDPHY\PHQLĢ]DQRYêSR
NDåGêFKKRGLQiFKSUHYiG]N\DOHERURþQHSRGĐD
WRKRþRQDVWDQHVN{U
8YRĐQLWHWULVNUXWN\$QDNU\WHYDOFD%
2GVWUiĖWHNU\WYDOFD
2GVWUiĖWHNU\WY]GXFKRYpKR¿OWUD&DY]GXFKRYê
¿OWHU'
9\þLVWLWHY]GXFKRYê¿OWHUKRU~FRXP\GORYRXYRGRX
2SOiFKQLWHKRþLVWRXVWXGHQRXYRGRX6N{UDNRKR
QDPRQWXMHWHVSlĢ~SOQHKRRVXãWHY]GXFKRP
1DPRQWXMWHVSlĢY]GXFKRYê¿OWHUDNU\W
Y]GXFKRYpKR¿OWUD
1DPRQWXMWHVSlĢNU\WYDOFDDWULVNUXWN\'{NODGQH
LFKXWLDKQLWHPRPHQWRP±1P±LQOE
6.21752/8-7(7/0,ý$.5<71$
2&+5$1835(',6.5$0,
3RþDVSRXåtYDQLD]DULDGHQLDVDQDWOPLþLYêIXNX
DQDNU\WHRFKUDQ\SUHGLVNUDPLXVDG]XM~XKOtNRYp
XVDGHQLQ\NWRUpWUHEDRGVWUDĖRYDĢDE\VDSUHGLãOR
QHEH]SHþHQVWYXSRåLDUXD]DEUiQLOR]QtåHQLX
YêNRQQRVWLPRWRUD
$NVDNU\WRFKUDQ\SUHGLVNUDPL]ORPtY\PHĖWHKR
ý,67(1,(.5<781$2&+5$1835('
,6.5$0,
3RYRĐWHDRGVWUiĖWHPDWLFX$]NU\WXYêIXNX%
2GVWUiĖWHNU\WYêIXNX
2GVWUiĖWHNU\WQDRFKUDQXSUHGLVNUDPL&
6NU\WRPPDQLSXOXMWHRSDWUQHDE\VDQHSRãNRGLO
-HPQHY\þLVWLWHNU\WQDRFKUDQXSUHGLVNUDPL
GU{WHQRXNHIRX$N]LVWtWHåHMHNU\W]ORPHQê
Y\PHĖWHKR
9\PHĖWHYãHWN\]ORPHQpDOHERSUDVNQXWpGLHO\
WOPLþDYêIXNX
1DPRQWXMWHVSlĢNU\WQDRFKUDQXSUHGLVNUDPL
NU\WYêIXNXDPDWLFX0DWLFXG{NODGQHXWLDKQLWH
PRPHQWRP±1P±LQOE
9é0(1$69,(ý.<=$3$ď29$1,$
=DSDĐRYDFLXVYLHþNXWUHEDY\PHQLĢNDåGêURNDE\VD
]DEH]SHþLORĐDKãLHãWDUWRYDQLHDOHSãtFKRGPRWRUD
ýDVRYDQLH]DSDĐRYDQLDMHVWiOHDQHPHQQp
8YRĐQLWHWULVNUXWN\$QDNU\WHYDOFD%
2GVWUiĖWHNU\WYDOFD
9\WLDKQLWHNRQFRYNX]DSDĐRYDFHMVYLHþN\&