Roger B70/1DC - Page 234

234
PL
21 hƚLJůŝnjĂĐũĂ
hƌnjČĚnjĞŶŝĞ ŵŽŐČ njĚĞũŵŽǁĂđ ǁLJųČĐnjŶŝĞ ǁLJŬǁĂůŝĮŬŽǁĂŶŝ ƚĞĐŚŶŝĐLJ ƐƚŽƐƵũČĐLJ ƉƌŽĐĞĚƵƌLJ
ƉƌĂǁŝĚųŽǁĞŐŽ njĚĞũŵŽǁĂŶŝĂ ƵƌnjČĚnjĞŶŝĂ dŽ ƵƌnjČĚnjĞŶŝĞ ũĞƐƚ ǁLJŬŽŶĂŶĞ nj ƌſǏŶLJĐŚ ŵĂƚĞƌŝĂųſǁ nj
ĐnjĞŐŽŶŝĞŬƚſƌĞŵŽǏŶĂŽĚnjLJƐŬĂđĂŝŶŶĞƚƌnjĞďĂƵƐƵŶČđǁŽĚƉŽǁŝĞĚŶŝƐƉŽƐſďůƵďnjƵƚLJůŝnjŽǁĂđǁ
ƐƉŽƐſďnjŐŽĚŶLJnjƉƌnjĞƉŝƐĂŵŝŵŝĞũƐĐŽǁLJŵŝŽďŽǁŝČnjƵũČĐLJŵŝĚůĂƚĞũŬĂƚĞŐŽƌŝŝǁLJƌŽďſǁ
ĂďƌĂŶŝĂƐŝħǁLJƌnjƵĐĂŶŝĂƚĞŐŽƵƌnjČĚnjĞŶŝĂĚŽ ŽĚƉĂĚſǁŬŽŵƵŶĂůŶLJĐŚDĂƚĞƌŝĂųLJƐĞŐƌĞŐŽǁĂđĚŽ
ƵƐƵŶŝħĐŝĂǁƐƉŽƐſďƉƌnjĞǁŝĚnjŝĂŶLJŵŝĞũƐĐŽǁLJŵŝƉƌnjĞƉŝƐĂŵŝDŽǏŶĂƚĞǏƉƌnjĞŬĂnjĂđƵƌnjČĚnjĞŶŝĞĚŽ
ƐƉƌnjĞĚĂǁĐLJǁŵŽŵĞŶĐŝĞnjĂŬƵƉƵŶŽǁĞŐŽƵƌnjČĚnjĞŶŝĂƌſǁŶŽǁĂǏŶĞŐŽ
DŝĞũƐĐŽǁĞ ƉƌnjĞƉŝƐLJ ŵŽŐČ ƉƌnjĞǁŝĚLJǁĂđ ƐƵƌŽǁĞ ƐĂŶŬĐũĞ ǁ ƉƌnjLJƉĂĚŬƵ ŶŝĞǁųĂƑĐŝǁĞũ ƵƚLJůŝnjĂĐũŝ ƚĞŐŽ ƵƌnjČĚnjĞŶŝĂ
KƐƚƌŽǏŶŝĞEŝĞŬƚſƌĞĐnjħƑĐŝƵƌnjČĚnjĞŶŝĂŵŽŐČnjĂǁŝĞƌĂđƐƵďƐƚĂŶĐũĞnjĂŶŝĞĐnjLJƐnjĐnjĂũČĐĞůƵďŶŝĞďĞnjƉŝĞĐnjŶĞŬƚſƌĞ
ǁƉƌnjLJƉĂĚŬƵƌŽnjƉƌnjĞƐƚƌnjĞŶŝĞŶŝĂŵŽŐČŵŝĞđƐnjŬŽĚůŝǁLJǁƉųLJǁŶĂƑƌŽĚŽǁŝƐŬŽŝŶĂůƵĚnjŬŝĞnjĚƌŽǁŝĞ
22 /ŶĨŽƌŵĂĐũĞĚŽĚĂƚŬŽǁĞŝĚĂŶĞŬŽŶƚĂŬƚŽǁĞ
tƐnjLJƐƚŬŝĞƉƌĂǁĂĚŽƚLJĐnjČĐĞƚĞũƉƵďůŝŬĂĐũŝƐƚĂŶŽǁŝČǁLJųČĐnjŶČǁųĂƐŶŽƑđĮƌŵLJZK'Zd,EK>K'z
ZK'Z d,EK>K'z njĂƐƚƌnjĞŐĂ ƐŽďŝĞ ƉƌĂǁ ĚŽ ǁƉƌŽǁĂĚnjĂŶŝĂ ĞǁĞŶƚƵĂůŶLJĐŚ ŵŽĚLJĮŬĂĐũŝ ƌſǁŶŝĞǏ ďĞnj
ǁĐnjĞƑŶŝĞũƐnjĞŐŽŝŶĨŽƌŵŽǁĂŶŝĂŽƚLJŵtLJƌĂǍŶŝĞnjĂďƌĂŶŝĂƐŝħǁLJŬŽŶLJǁĂŶŝĂŬŽƉŝŝƐŬĂŶſǁŬŽƌĞŬƚŝŵŽĚLJĮŬĂĐũŝ
ďĞnjƉŝƐĞŵŶĞũnjŐŽĚLJĮƌŵLJZK'Zd,EK>K'z
dĂŝŶƐƚƌƵŬĐũĂǁƌĂnjnjŽƐƚƌnjĞǏĞŶŝĂŵŝĚůĂŝŶƐƚĂůĂƚŽƌĂũĞƐƚĚŽƐƚĂƌĐnjĂŶĂǁƉŽƐƚĂĐŝƉĂƉŝĞƌŽǁĞũŝƵŵŝĞƐnjĐnjŽŶĂǁ
ŽďƵĚŽǁŝĞƵƌnjČĚnjĞŶŝĂ
&ŽƌŵĂƚĐLJĨƌŽǁLJ;W&Ϳ ŽƌĂnjǁƐnjLJƐƚŬŝĞĞǁĞŶƚƵĂůŶĞ ƉƌnjLJƐnjųĞĂŬƚƵĂůŝnjĂĐũĞƐČĚŽƐƚħƉŶĞǁnjĂƐƚƌnjĞǏŽŶĞũƐƚƌĞĮĞ
ŶĂƐnjĞũƐƚƌŽŶLJŝŶƚĞƌŶĞƚŽǁĞũǁǁǁƌŽŐĞƌƚĞĐŚŶŽůŽŐLJĐŽŵϮǁƐĞŬĐũŝ^ĞůĨ^ĞƌǀŝĐĞ
ŽƚǁĂƌƚĞ ŽĚƉŽŶŝĞĚnjŝĂųŬƵĚŽƉŝČƚŬƵ
 ŽĚϴϬϬĚŽϭϮϬϬͲŽĚϭϯϯϬĚŽϭϳϯϬ
dĞůĞĨŽŶ нϯϵϬϰϭϱϵϯϳϬϮϯ
ͲŵĂŝů ƐĞƌǀŝĐĞΛƌŽŐĞƌƚĞĐŚŶŽůŽŐLJŝƚ
^ŬLJƉĞ ƐĞƌǀŝĐĞͺƌŽŐĞƌƚĞĐŚŶŽůŽŐLJ
ďLJnjŐųŽƐŝđĞǁĞŶƚƵĂůŶĞƉƌŽďůĞŵLJůƵďƉƌnjĞƐųĂđnjĂŵſǁŝĞŶŝĂĚŽƚLJĐnjČĐĞĂƵƚŽŵĂƚLJŬŝƉƌŽƐŝŵLJŽǁLJƉĞųŶŝĞŶŝĞ
ŶĂƐnjĞŐŽ ĨŽƌŵƵůĂƌnjĂ ŽŶůŝŶĞ EWZtz ĚŽƐƚħƉŶĞŐŽŶĂ ŶĂƐnjĞũ ƐƚƌŽŶŝĞ ǁǁǁƌŽŐĞƌƚĞĐŚŶŽůŽŐLJĐŽŵϮ ǁ
ƐĞŬĐũŝ^ĞůĨ^ĞƌǀŝĐĞ
23 ĞŬůĂƌĂĐũĂnjŐŽĚŶŽƑĐŝ
EŝǏĞũƉŽĚƉŝƐĂŶLJƉƌnjĞĚƐƚĂǁŝĐŝĞůƉƌŽĚƵĐĞŶƚĂ
ZŽŐĞƌdĞĐŚŶŽůŽŐLJͲsŝĂŽƫĐĞůůŝϴϯϭϬϮϭŽŶŝƐŝŽůŽĚŝDŽŐůŝĂŶŽsƚŽ;dsͿ
K_t/ƵƌnjČĚnjĞŶŝĞŽƉŝƐĂŶĞƉŽŶŝǏĞũ
KƉŝƐĞŶƚƌĂůĂƐƚĞƌŽǁŶŝĐnjĂĚŽďƌĂŵĂƵƚŽŵĂƚLJĐnjŶLJĐŚ
DŽĚĞů B70/1DC
:ĞƐƚnjŐŽĚŶĂnjǁLJŵŽŐĂŵŝƉƌĂǁŶLJŵŝƉƌnjLJũŵƵũČĐLJŵŝŶĂƐƚħƉƵũČĐĞĚLJƌĞŬƚLJǁLJ
ʹϮϬϬϲϰϮt
ʹϮϬϬϰϭϬϴt
ʹϮϬϭϭϲϱt
KƌĂnjǏĞnjĂƐƚŽƐŽǁĂŶŽǁƐnjLJƐƚŬŝĞŶŽƌŵLJŝůƵďƐƉĞĐLJĮŬĂĐũĞƚĞĐŚŶŝĐnjŶĞǁLJŵŝĞŶŝŽŶĞƉŽŶŝǏĞũ
EϲϭϬϬϬͲϲͲϯ
EϲϭϬϬϬͲϲͲϮ
KƐƚĂƚŶŝĞĚǁŝĞĐLJĨƌLJƌŽŬƵŶĂĚĂŶŝĂŽnjŶĂŬŽǁĂŶŝĂ | ϭϰ
DŝĞũƐĐĞDŽŐůŝĂŶŽsƚŽĂƚĂϮϯͲϭϮͲϮϬϭϰWŽĚƉŝƐ