User Manual

ManualsBrandsAL-KO ManualsElectric Hedge TrimmersHedge trimmer HT 550 Safety Cut

HT 440 BASIC CUT

HT 550 SAFETY CUT

Gebrauchsanleitung

INFORMATION I MANUALS I SERVICE

QUALITY FOR LIFE

Garden + Hobby

470518_C I 08/2010

SLO

FIN

EST

RUS

057

Summary of content (166 pages)

PAGE 1
Garden + Hobby QUALITY FOR LIFE INFORMATION I MANUALS I SERVICE HT 440 BASIC CUT HT 550 SAFETY CUT Gebrauchsanleitung 057 470518_C I 08/2010 D DK GB S NL N F FIN E EST P LV I LT SLO RUS HR UA PL BG CZ RO SK GR H TR
PAGE 2
$/ .2 +HFNHQVFKHUH ' *HEUDXFKVDQOHLWXQJ '. %UXJVDQYLVQLQJ *% ,QVWUXFWLRQV IRU 8VH 6 %UXNVDQYLVQLQJ 1/ ,QVWUXFWLHV YRRU JHEUXLN 1 %UXNVDQYLVQLQJ ) 0RGH G¶HPSORL ),1 .
PAGE 3
+7 +7 BF
PAGE 4
$/ .2 +HFNHQVFKHUH =X GLHVHP +DQGEXFK 3URGXNWEHVFKUHLEXQJ Lesen Sie vor Inbetriebnahme diese Bedienungsanleitung durch.
PAGE 5
+7 +7 ' 3URGXNWEHUVLFKW 1 2 3 4 5 9 10 8 6 7 6FKQHLGPHVVHU 6DIHW\ .DEHO +DQGVFKXW] .DEHO]XJHQWODVWXQJ YRUGHUHU *ULIIEJHO PLW 6FKDOWWDVWH 6FKUDXEHQ +DQGVFKXW]PRQWDJH :DVVHUZDDJH 6FKXW]DEGHFNXQJ 6FKQHLGPHVVHU KLQWHUHU *ULIIEJHO PLW 6FKDOWWDVWH %HWULHEVDQOHLWXQJ 6DIHW\ .
PAGE 6
$/ .
PAGE 7
+7 +7 $UEHLWVSODW]VLFKHUKHLW Halten Sie Ihren Arbeitsbereich sauber und gut beleuchtet. Unordnung oder unbeleuchtete Arbeitsbereiche können zu Unfällen führen Arbeiten Sie mit dem Elektrowerkzeug nicht in explosionsgefährdeter Umgebung, in der sich brennbare Flüssigkeiten, Gase oder Stäube beﬁnden. Elektrowerkzeuge erzeugen Funken, die den Staub oder die Dämpfe entzünden können Halten Sie Kinder und andere Personen während der Benutzung des Elektrowerkzeugs fern.
PAGE 8
$/ .2 +HFNHQVFKHUH Entfernen Sie Einstellwerkzeuge oder Schraubenschlüssel, bevor Sie das Elektrowerkzeug einschalten. Ein Werkzeug oder Schlüssel, der sich in einem drehenden Geräteteil beﬁndet, kann zu Verletzungen führen Ziehen Sie den Stecker aus der Steckdose, bevor Sie Geräteeinstellungen vornehmen, Zubehörteile wechseln oder das Gerät weglegen. Diese Vorsichtsmaßnahme verhindert den unbeabsichtigten Start des Elektrowerkzeuges Vermeiden Sie eine abnormale Körperhaltung.
PAGE 9
+7 +7 6LFKHUKHLWVKLQZHLVH ]XU %HGLHQXQJ %HGLHQXQJ ' Körper und Kleidung vom Schneidwerk fernhalten $FKWXQJ 9HUOHW]XQJVJHIDKU Das Gerät darf nur nach vollständiger Montage betrieben werden! Schnittgut nicht bei laufendem Motor entfernen Beachten Sie die Sicherheitshinweise zur Bedienung! Gerät immer beidhändig bedienen Beim Verlassen / Transport des Gerätes: Gerät ausschalten Netzstecker ziehen Schutzabdeckung aufstecken Gerät nie am Schneidmesser anfassen Gerät nur am
PAGE 10
$/ .2 +HFNHQVFKHUH :DUWXQJ XQG 3ÁHJH /DJHUXQJ $FKWXQJ *HIDKU GXUFK 6WURP Vor allen Wartungs- und Pﬂegearbeiten immer den Netzstecker ziehen! $FKWXQJ 9HUOHW]XQJVJHIDKU Bei Wartungs- und Pﬂegearbeiten am Schneidmesser immer Arbeitshandschuhe tragen! Der Messerschutz kann als Halterung für die Heckenschere an der Wand angebracht werden.
PAGE 11
+7 +7 ' (* .RQIRUPLWlWVHUNOlUXQJ +LHUPLW HUNOlUHQ ZLU GDVV GLHVHV 3URGXNW LQ GHU YRQ XQV LQ 9HUNHKU JHEUDFKWHQ $XVIKUXQJ GHQ $QIRUGHUXQJHQ GHU KDUPRQLVLHUWHQ (8 5LFKWOLQLHQ (8 6LFKHUKHLWVVWDQGDUGV XQG GHQ SURGXNWVSH]L¿VFKHQ 6WDQGDUGV HQWVSULFKW 3URGXNW (OHNWUR +HFNHQVFKHUH 6HULHQQXPPHU * +HUVWHOOHU $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] %HYROOPlFKWLJWHU $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 12
$/ .
PAGE 13
+7 +7 *% 2YHUYLHZ RI SURGXFW 1 2 3 4 5 9 10 8 7 &XWWLQJ EODGHV 6DIHW\ FDEOH +DQGJXDUG 6WUDLQ UHOLHI FODPS )URQW KDQG JULS ZLWK SRZHU VZLWFK +DQGJXDUG PRXQWLQJ VFUHZV 6SLULW OHYHO &XWWLQJ EODGH VDIHW\ FRYHU 5HDU KDQG JULS ZLWK SRZHU VZLWFK 6 ,QVWUXFWLRQV IRU XVH P VDIHW\ FDEOH IRU +7 6DIHW\ &XW RQO\ 0HDQLQJV RI V\PEROV RQ WKH HTXLSPHQW :HDU VDIHW\ JRJJOHV &DXWLRQ %H SDUWLFXODUO\ FDUHIXO ZKHQ KDQGOLQJ 5HDG WKH RSHUDWLQJ LQVWUXFWLRQV
PAGE 14
$/ .
PAGE 15
+7 +7 :RUN DUHD VDIHW\ *% .
PAGE 16
$/ .2 +HGJH WULPPHU 5HPRYH DQ\ DGMXVWLQJ NH\ RU ZUHQFK EHIRUH WXUQLQJ WKH SRZHU WRRO RQ $ ZUHQFK RU D NH\ OHIW DWWDFKHG WR D URWDWLQJ SDUW RI WKH SRZHU WRRO PD\ UHVXOW LQ SHUVRQDO LQMXU\ 'R QRW RYHUUHDFK .HHS SURSHU IRRWLQJ DQG EDO DQFH DW DOO WLPHV 7KLV HQDEOHV EHWWHU FRQWURO RI WKH SRZHU WRRO LQ XQ H[SHFWHG VLWXDWLRQV 'UHVV SURSHUO\ 'R QRW ZHDU ORRVH FORWKLQJ RU MHZHOOHU\ .
PAGE 17
+7 +7 6DIHW\ ,QVWUXFWLRQV IRU RSHUDWLRQ $OZD\V KROG WKH PDFKLQH ZLWK ERWK KDQGV +ROG WKH FXWWLQJ JHDU DZD\ IURP \RXU ERG\ DQG FORWKLQJ 'R QRW UHPRYH FXW WZLJV HWF ZKLOH WKH PRWRU LV UXQQLQJ ,I OHDYLQJ XQDWWHQGHG WUDQVSRUWLQJ WKH HTXLSPHQW 6ZLWFK RII WKH PDFKLQH 3XOO RXW WKH PDLQV SOXJ $WWDFK WKH VDIHW\ FRYHU 1HYHU KROG WKH PDFKLQH E\ WKH FXWWLQJ EODGHV +ROG WKH PDFKLQH RQO\ E\ WKH KDQGOH 7KH GRPHVWLF PDLQV YROWDJH VSHFLÀFDWLRQV PXVW PDWFK WKRVH LQGLFDWHG LQ
PAGE 18
$/ .
PAGE 19
+7 +7 *% (& GHFODUDWLRQ RI FRQIRUPLW\ :H KHUHE\ GHFODUH WKDW WKLV SURGXFW LQ WKH IRUP LQ ZKLFK LW LV PDUNHWHG PHHWV WKH UHTXLUHPHQWV RI WKH KDUPRQL VHG (8 JXLGHOLQHV (8 VDIHW\ VWDQGDUGV DQG WKH SURGXFW VSHFL¿F VWDQGDUGV 3URGXFW (OHFWULF KHGJH WULPPHU 6HULDO QXPEHU * 0DQXIDFWXUHU $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] ([HFXWLYH RIÀFHU $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 20
$/ .
PAGE 21
+7 +7 1/ 3URGXFWRYHU]LFKW 1 2 3 4 5 9 10 8 6 7 0HV 6DIHW\ NDEHO +DQGEHVFKHUPLQJ 7UHNRQWODVWLQJ NDEHO *ULMSEHXJHO PHW VFKDNHONQRS YRRUDDQ 6FKURHYHQ YRRU PRQWDJH KDQGEHVFKHUPLQJ :DWHUSDV %HVFKHUPNDS PHV *ULMSEHXJHO PHW VFKDNHONQRS DFKWHUDDQ *HEUXLNHUVKDQGOHLGLQJ 6DIHW\ NDEHO P HQNHO ELM +7 6DIHW\ &XW %HWHNHQLV YDQ GH V\PEROHQ RS KHW DSSDUDDW 9HLOLJKHLGVEULO GUDJHQ /HW RS 9RRU]LFKWLJ KDQGHOHQ ELM JHEUXLN %HGLHQLQJVKDQGOHLGLQJ OH]HQ HQ
PAGE 22
$/ .2 +HJJHQVFKDDU 7HFKQLVFKH JHJHYHQV 7HFKQLVFKH JHJHYHQV +7 %DVLF &XW +7 6DIHW\ &XW 2SJHQRPHQ YHUPRJHQ : : 0HVOHQJWH PP PP 6QLMGLNWH PP PP 7RWDDOJHZLFKW NJ NJ 7ULOOLQJVZDDUGHQ ELM GH JUHHS P Vð P Vð 1HWVSDQQLQJ 9a 9 +] 9a 9 +] ,VRODWLHNODVVH ,, ,, .
PAGE 23
+7 +7 0RQWDJH +HW FDPHUDV\PERRO YHUZLMVW QDDU GH DIEHHOGLQJHQ RS SDJLQD 'H KDQGEHVFKHUPLQJ PHW GH PHHJHOHYHUGH VFKUR HYHQ DDQ GH EHKXL]LQJ EHYHVWLJHQ 'H YHUOHQJNDEHO GRRU GH WUHNRQWODVWLQJ OHLGHQ %HGLHQLQJ /HW RS *HYDDU YRRU OHWVHO +HW DSSDUDDW PDJ SDV ZRUGHQ JHEUXLNW DOV KHW YROOHGLJ LV JHPRQWHHUG 'H YHLOLJKHLGVLQVWUXFWLHV YRRU GH EHGLHQLQJ LQ DFKW QHPHQ 1/ 2QGHUKRXG HQ UHLQLJLQJ /HW RS *HYDDU GRRU VWURRP 9RRU RQGHUKRXGV HQ UHLQLJLQJVZHUN]DDPKHGHQ
PAGE 24
$/ .2 +HJJHQVFKDDU +XOS ELM VWRULQJHQ 6WRULQJ 0RJHOLMNH RRU]DDN 2SORVVLQJ $SSDUDDW ZHUNW QLHW *HHQ VWURRPWRHYRHU +XLV]HNHULQJ YHUOHQJNDEHO FRQWUROHUHQ .DEHO YDQ KHW DSSDUDDW GHIHFW &RQWDFW RSQHPHQ PHW HHQ $/ .2 VHUYLFHSXQW 9HUOHQJNDEHO EHVFKDGLJG 9HUOHQJNDEHO FRQWUROHUHQ $DQ XLW VFKDNHODDU GHIHFW &RQWDFW RSQHPHQ PHW HHQ $/ .2 VHUYLFHSXQW ,QWHUQH IRXW &RQWDFW RSQHPHQ PHW HHQ $/ .2 VHUYLFHSXQW 0RWRU GUDDLW PHV EOLMIW VWLOVWDDQ ,QWHUQH IRXW &RQWDFW RSQHPHQ PHW HHQ $/ .
PAGE 25
+7 +7 1/ (* FRQIRUPLWHLWVYHUNODULQJ +LHUPHH YHUNODUHQ ZLM GDW GLW SURGXFW LQ GH GRRU RQV LQ KHW YHUNHHU JHEUDFKWH XLWYRHULQJ YROGRHW DDQ GH HLVHQ YDQ GH JHKDUPRQLVHHUGH (8 ULFKWOLMQHQ (8 YHLOLJKHLGVQRUPHQ HQ GH SURGXFWVSHFL¿HNH QRUPHQ )DEULNDQW $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] *HYROPDFKWLJGH $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 26
&LVDLOOH j KDLH $/ .
PAGE 27
+7 +7 ) $SHUoX GX SURGXLW 1 2 3 4 5 9 10 8 6 7 /DPH GH FRXSH &kEOH GH VpFXULWp 3URWqJH PDLQV 'pFKDUJH GH WUDFWLRQ GX FkEOH 3RLJQpH DYDQW DYHF WRXFKH GH FRPPXWDWLRQ 9LV GH PRQWDJH GX SURWqJH PDLQ 1LYHDX j EXOOH 3URWHFWLRQ GH OD ODPH GH FRXSH 3RLJQpH DUULqUH DYHF WRXFKH GH FRPPXWDWLRQ 0RGH G HPSORL &kEOH GH VpFXULWp GH P XQLTXHPHQW VXU OD +7 6DIHW\ &XW 6LJQLÀFDWLRQ GHV V\PEROHV VXU O DSSDUHLO 3RUWHU GHV OXQHWWHV GH SURWHFWLRQ $WWHQWLRQ
PAGE 28
&LVDLOOH j KDLH $/ .
PAGE 29
+7 +7 0RQWDJH / LF{QH G DSSDUHLO SKRWR UHQYRLH DX[ LOOXVWUDWLRQV GH OD SDJH )L[H] OH SURWqJH PDLQ VXU OH FRUSV GH O DSSDUHLO j O DLGH GHV YLV IRXUQLHV (Q¿OH] OH FkEOH GH UDOORQJH j WUDYHUV OD GpFKDUJH GH WUDFWLRQ (PSORL $WWHQWLRQ 5LVTXH GH EOHVVXUH 1 XWLOLVHU OD PDFKLQH TX XQH IRLV OH PRQWDJH HQWLqUHPHQW WHUPLQp 2EVHUYHU OHV FRQVLJQHV GH VpFXULWp UHODWLYHV j O XWLOLVDWLRQ ) (QWUHWLHQ HW VRLQ $WWHQWLRQ GDQJHU G DX FRXUDQW pOHFWULTXH 7RXMRXUV GpEU
PAGE 30
&LVDLOOH j KDLH $/ .2 $LGH HQ FDV GH PDXYDLV IRQFWLRQQHPHQW 3UREOqPH &DXVH SRVVLEOH 6ROXWLRQ / DSSDUHLO QH IRQFWLRQQH SDV 3DV G DOLPHQWDWLRQ pOHFWULTXH &RQWU{OHU OH GLVMRQFWHXU GH OD PDLVRQ OD UDOORQJH &kEOH GH O DSSDUHLO GpIHFWXHX[ 6H UHQGUH DX FHQWUH 6$9 $/ .2 &kEOH GH UDOORQJH HQGRPPDJp &RQWU{OHU OH FkEOH GH UDOORQJH ,QWHUUXSWHXU 0DUFKH $UUrW GpIHF WXHX[ 6H UHQGUH DX FHQWUH 6$9 $/ .2 (UUHXU LQWHUQH 6H UHQGUH DX FHQWUH 6$9 $/ .
PAGE 31
+7 +7 ) 'pFODUDWLRQ GH FRQIRUPLWp &( 1RXV GpFODURQV SDU OD SUpVHQWH TXH FH SURGXLW GDQV OD YHUVLRQ PLVH HQ FLUFXODWLRQ SDU QRV VRLQV HVW FRQIRUPH DX[ H[LJHQFHV GHV QRUPHV 8( KDUPRQLVpHV GHV QRUPHV GH VpFXULWp 8( HW DX[ QRUPHV VSpFL¿TXHV DX SURGXLW )DEULFDQW $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] )RQGp GH SRXYRLU $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 32
&RUWDVHWRV $/ .
PAGE 33
+7 +7 ( 9LVWD JHQHUDO GHO SURGXFWR 1 2 3 4 5 9 10 8 6 7 &XFKLOODV GH FRUWH &DEOH 6DIHW\ 3URWHFFLyQ SDUD ODV PDQRV 5HWHQFLyQ GHO FDEOH (PSXxDGXUD GH HVWULER GHODQWHUD FRQ WHFOD GH FRQPXWDFLyQ 7RUQLOORV GH PRQWDMH GH SURWHFFLyQ SDUD PDQRV 1LYHO GH EXUEXMD &XELHUWD SURWHFWRUD GH FXFKLOODV GH FRUWH (PSXxDGXUD GH HVWULER WUDVHUD FRQ WHFOD GH FRQPXWDFLyQ ,QVWUXFFLRQHV GH XVR &DEOH 6DIHW\ GH P VyOR HQ +7 6DIHW\ &XW 6LJQLÀFDGR GH ORV VtPEROR
PAGE 34
&RUWDVHWRV $/ .
PAGE 35
+7 +7 0RQWDMH (O VtPEROR GH OD FiPDUD UHPLWH D LOXVWUDFLRQHV GH OD SiJLQD )LMH OD SURWHFFLyQ SDUD ODV PDQRV D OD FDUFDVD FRQ ORV WRUQLOORV VXPLQLVWUDGRV 3DVH HO FDEOH DODUJDGRU SRU HO GLVSRVLWLYR GH UHWHQFLyQ 0DQHMR $WHQFLyQ 3HOLJUR GH OHVLRQHV (O DSDUDWR QR SRGUi PDQHMDUVH KDVWD TXH QR VH KD\D PRQWDGR FRPSOHWDPHQWH 7HQJD HQ FXHQWD ODV LQGLFDFLRQHV GH VHJXULGDG SDUD HO PDQHMR ( &XLGDGR \ PDQWHQLPLHQWR $WHQFLyQ 3HOLJUR HOpFWULFR $QWHV GH FXDOTXLHU WUDEDMR
PAGE 36
&RUWDVHWRV $/ .2 6ROXFLyQ HQ FDVR GH DQRPDOtDV $QRPDOtD &DXVD SRVLEOH 6ROXFLyQ (O DSDUDWR QR IXQFLRQD 1R KD\ DOLPHQWDFLyQ HOpFWULFD &RPSUREDU IXVLEOH GRPpVWLFR FDEOH DODU JDGRU &DEOH GHO DSDUDWR GHIHFWXRVR $FXGLU D SXQWR GH VHUYLFLR WpFQLFR GH $/ .2 &DEOH DODUJDGRU GDxDGR &RPSUREDU FDEOH DODUJDGRU ,QWHUUXSWRU 2Q 2II GHIHFWXRVR $FXGLU D SXQWR GH VHUYLFLR WpFQLFR GH $/ .2 )DOOR LQWHUQR $FXGLU D SXQWR GH VHUYLFLR WpFQLFR GH $/ .
PAGE 37
+7 +7 ( 'HFODUDFLyQ GH FRQIRUPLGDG &( 3RU OD SUHVHQWH GHFODUDPRV TXH HVWH SURGXFWR HQ OD YHUVLyQ TXH KHPRV FRPHUFLDOL]DGR FXPSOH ORV UHTXLVLWRV GH ODV GLUHFWLYDV HXURSHDV DUPRQL]DGDV ORV HVWiQGDUHV HXURSHRV GH VHJXULGDG \ ORV HVWiQGDUHV HVSHFt¿FRV GHO SURGXFWR )DEULFDQWH $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] $SRGHUDGR $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 38
&RUWD VHEHV $/ .
PAGE 39
+7 +7 3 9LVWD JHUDO GR SURGXWR 1 2 3 4 5 9 10 8 6 7 /kPLQD GH FRUWH &DER 6DIHW\ 'LVSRVLWLYR GH SURWHFomR GDV PmRV 'LVSRVLWLYR GH UHGXomR GD WHQVmR GR FDER 3HJD GLDQWHLUD FRP ERWmR 3DUDIXVRV SDUD PRQWDU R GLVSRVLWLYR GH SUR WHFomR GDV PmRV 1tYHO GH EROKD GH DU &REHUWXUD GH SURWHFomR GD OkPLQD GH FRUWH 3HJD WUDVHLUD FRP ERWmR ,QVWUXo}HV GH XWLOL]DomR &DER 6DIHW\ GH P Vy QR +7 6DIHW\ &XW 6LJQLÀFDGR GRV VtPERORV GR DSDUHOKR 8VDU yFXORV GH
PAGE 40
&RUWD VHEHV $/ .
PAGE 41
+7 +7 0RQWDJHP 3 0DQXWHQomR H FRQVHUYDomR 2 VtPEROR GD FkPDUD UHPHWH SDUD DV LPDJHQV GD SiJLQD $WHQomR 3HULJR SURYRFDGR SHOD FRUUHQWH 5HWLUDU VHPSUH D ¿FKD GD FRUUHQWH DQWHV GH TXDO TXHU WUDEDOKR GH PDQXWHQomR H FRQVHUYDomR 8VH RV SDUDIXVRV IRUQHFLGRV SDUD ¿[DU R GLVSRVLWL YR GH SURWHFomR GH PmRV j HVWUXWXUD $WHQomR 3HULJR GH GDQRV SHVVRDLV 8VDU VHPSUH OXYDV GH WUDEDOKR GXUDQWH RV WUDEDO KRV GH PDQXWHQomR H FRQVHUYDomR QD OkPLQD GH FRUWH (Q¿H R FDER GH H[WHQV
PAGE 42
&RUWD VHEHV $/ .2 $MXGD HP FDVR GH DYDULDV $YDULD &DXVD SRVVtYHO 6ROXomR 2 DSDUHOKR QmR IXQFLRQD 6HP UHGH HOpFWULFD 9HUL¿FDU RV IXVtYHLV FDER GH H[WHQVmR 2 FDER GR DSDUHOKR HVWi GDQL ¿FDGR &RQWDFWDU R SRQWR GH DVVLVWrQFLD $/ .2 &DER GH H[WHQVmR GDQL¿FDGR 9HUL¿FDU R FDER GH H[WHQVmR ,QWHUUXSWRU DYDULDGR &RQWDFWDU R SRQWR GH DVVLVWrQFLD $/ .2 $YDULD LQWHUQD &RQWDFWDU R SRQWR GH DVVLVWrQFLD $/ .
PAGE 43
+7 +7 3 'HFODUDomR GH FRQIRUPLGDGH &( 'HFODUDPRV TXH R PRGHOR GHVWH SURGXWR SRU QyV FRPHUFLDOL]DGR FRUUHVSRQGH DRV UHTXLVLWRV GDV GLUHFWLYDV KDUPRQL]DGDV GD 8( jV QRUPDV GH VHJXUDQoD GD 8( H jV QRUPDV HVSHFt¿FDV GR SURGXWR )DEULFDQWH $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 5HSUHVHQWDQWH $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 44
$/ .
PAGE 45
+7 +7 , 6FKHPD GHO SURGRWWR 1 2 3 4 5 9 10 8 6 7 /DPD 6DIHW\ FDEOH 3DUDPDQR 'LVSRVLWLYR DQWLVWUDSSR ,PSXJQDWXUD DQWHULRUH FRQ SXOVDQWH GL FRPDQGR 9LWL SHU LO PRQWDJJLR GHO SDUDPDQR /LYHOOD D EROOD &RSHUWXUD ODPD ,PSXJQDWXUD SRVWHULRUH FRQ SXOVDQWH GL FR PDQGR ,VWUX]LRQL G XVR 6DIHW\ FDEOH P VROR SHU +7 6DIHW\ &XW 6LJQLÀFDWR GHL VLPEROL VXOOD PDFFKLQD ,QGRVVDUH RFFKLDOL SURWHWWLYL $WWHQ]LRQH 3DUWLFRODUH DWWHQ]LRQH GXUDQWH O LPSLHJR
PAGE 46
$/ .
PAGE 47
+7 +7 0RQWDJJLR ,O VLPEROR GHOOD PDFFKLQD IRWRJUD¿FD ULPDQGD D LOOXVWUD]LRQL D SDJ )LVVDUH LO SDUDPDQR DO FRUSR XWLOL]]DQGR OH YLWL LQ GRWD]LRQH 3DVVDUH LO FDYR GL SUROXQJD DWWUDYHUVR LO GLVSRVLWLYR DQWLVWUDSSR 2SHUDWLYLWj $WWHQ]LRQH 3HULFROR GL LQIRUWXQL /D PDFFKLQD GHYH HVVHUH D]LRQDWD VROR GRSR HVVHUH VWDWD FRPSOHWDPHQWH PRQWDWD 5LVSHWWDUH OH QRUPH GL VLFXUH]]D SHU O XVR , 0DQXWHQ]LRQH $WWHQ]LRQH 3HULFROR FRUUHQWH HOHWWULFD 3ULPD GL TXDOXQTXH ODYRU
PAGE 48
$/ .2 7DJOLDVLHSL $LXWR SHU OD ULVROX]LRQH GHL PDOIXQ]LRQDPHQWL SL FRPXQL 0DOIXQ]LRQDPHQWR 3RVVLELOL FDXVH 6ROX]LRQH /D PDFFKLQD QRQ IXQ]LRQD 1HVVXQD DOLPHQWD]LRQH HOHWWULFD &RQWUROODUH OD YDOYROD GL VLFXUH]]D OD SUR OXQJD &DYR GHOOD PDFFKLQD JXDVWR &RQVXOWDUH XQ &HQWUR DVVLVWHQ]D $/ .2 3UROXQJD GDQQHJJLDWD &RQWUROODUH OD SUROXQJD ,QWHUUXWWRUH RQ RII JXDVWR &RQVXOWDUH XQ &HQWUR DVVLVWHQ]D $/ .2 *XDVWR LQWHUQR &RQVXOWDUH XQ &HQWUR DVVLVWHQ]D $/ .
PAGE 49
+7 +7 , 'LFKLDUD]LRQH GL FRQIRUPLWj &( &RQ OD SUHVHQWH VL GLFKLDUD FKH LO SUHVHQWH SURGRWWR QHOOD YHUVLRQH GD QRL PHVVD LQ FRPPHUFLR q FRQIRUPH DL UHTXLVLWL GHOOH GLUHWWLYH 8(2 DUPRQL]]DWH GHJOL VWDQGDUG GL VLFXUH]]D 8(2 H JOL VWDQGDUG VSHFL¿FL GHO SURGRWWR &RVWUXWWRUH $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 'HOHJDWR $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 50
âNDUMH $/ .
PAGE 51
+7 +7 6/2 3UHJOHG L]GHOND 1 2 3 4 5 9 10 8 6 7 5H]LOR 9DUQRVWQL NDEHO =DãþLWD ]D URNH 8YRGQLFD ]D NDEHO 6SUHGQML URþDM ] YNORSQR WLSNR 9LMDND ]D SULWUGLWHY ]DãþLWH ]D URNH 9RGQD WHKWQLFD =DãþLWQL SRNURY UH]LOD =DGQML URþDM ] YNORSQR WLSNR 1DYRGLOR ]D XSRUDER 9DUQRVWQL NDEHO P VDPR SUL +7 6DIHW\ &XW 3RPHQ VLPERORY QD QDSUDYL 1RVLWH ]DãþLWQD RþDOD 3R]RU 3UL URNRYDQMX ] QDSUDYR ERGLWH SRVHEQR SUHYLGQL 3UHEHULWH QDYRGLOR ]D XSRUDER LQ U
PAGE 52
âNDUMH $/ .
PAGE 53
+7 +7 0RQWDæD 6LPERO IRWRDSDUDWD RSR]DUMD QD VOLNH QD VWUDQL 6 SULORåHQLPD YLMDNRPD SULWUGLWH ]DãþLWR ]D URNH QD RKLãMH .DEHOVNL SRGDOMãHN QDSHOMLWH VNR]L NDEHOVNR XYRG QLFR 8SUDYOMDQMH 3R]RU ² 1HYDUQRVW SRäNRGE 1DSUDYR XSRUDEOMDMWH VDPR þH VR YVL GHOL PRQWL UDQL .
PAGE 54
âNDUMH $/ .2 ]D åLYR PHMR 3RPRÿ SUL PRWQMDK 0RWQMD 0RæQL Y]URNL 5HäLWHY 1DSUDYD QH GHOXMH 1L HOHNWULþQHJD QDSDMDQMD 3UHYHULWH KLãQR YDURYDONR SRGDOMãHN .DEHO QDSUDYH MH Y RNYDUL 2EUQLWH VH QD VHUYLVQR PHVWR $/ .2 3RGDOMãHN MH SRãNRGRYDQ 3UHYHULWH SRGDOMãHN 6WLNDOR ]D YNORS L]NORS MH Y RNYDUL 2EUQLWH VH QD VHUYLVQR PHVWR $/ .2 1RWUDQMD QDSDND 2EUQLWH VH QD VHUYLVQR PHVWR $/ .2 0RWRU WHþH UH]LOR VWRML 1RWUDQMD QDSDND 2EUQLWH VH QD VHUYLVQR PHVWR $/ .
PAGE 55
+7 +7 6/2 ,]MDYD (6 R VNODGQRVWL 6 WR L]MDYR SRWUMXMHPR GD MH WD L]GHOHN Y SUHGVWDYOMHQL L]YHGEL VNODGHQ ] XVNODMHQLPL GLUHNWLYDPL (8 YDUQRVWQLPL VWDQGDUGL (8 LQ XSRãWHYQLPL VWDQGDUGL ]D WRYUVWQH L]GHONH 3URL]YDMDOHF $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 3RREODäÿHQL ]DVWRSQLN $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 56
$/ .
PAGE 57
+7 +7 +5 3UHJOHG SURL]YRGD 1 2 3 4 5 9 10 8 6 7 1Rå ]D UH]DQMH 6LJXUQRVQL NDEHO =DãWLWD ]D UXNH 9XþQR UDVWHUHüHQMH NDEHOD 3UHGQML SULKYDWQL VWUHPHQ V XSUDYOMDþNRP WLSNRP 9LMFL ]D PRQWDåX ]DãWLWH ]D UXNH /LEHOD =DãWLWQL SRNORSDF ]D QRå ]D UH]DQMH 6WUDåQML SULKYDWQL VWUHPHQ V XSUDYOMDþNRP WLSNRP 8SXWH ]D XSRUDEX 6LJXUQRVQL NDEHO P VDPR NRG +7 6DIHW\ &XW =QDÿHQMH VLPEROD QD XUHĀDMX 1RVLWH ]DãWLWQH QDRþDOH 3R]RU 1DURþLW RSUH] SUL UXNRYD
PAGE 58
$/ .2 âNDUH ]D åLYX RJUDGX 7HKQLÿNL SRGDWFL 7HKQLÿNL SRGDWFL +7 %DVLF &XW +7 6DIHW\ &XW 3ULPOMHQD VQDJD : : 'XOMLQD QRåD PP PP 'HEOMLQD UH]DQMD PP PP 8NXSQD WHåLQD NJ NJ 9ULMHGQRVWL YLEUDFLMH QD UXþNL P Vð P Vð 0UHåL QDSRQ 9a 9 +] 9a 9 +] .ODVD L]RODFLMH ,, ,, %URM RNUHWDMD QXOWH EU]LQH P P 5D]LQD ]YXþQRJ WODND /3$ G% $ G% $ 6LJXUQRVQH QDSRPHQH 6LJXUQRVQH QDSRPHQH X] UXNRYDQMH 3R]RU .
PAGE 59
+7 +7 0RQWDæD +5 2GUæDYDQMH L QMHJD 6LPERO IRWRDSDUDWD XND]XMH QD VOLNH VD VWUDQLFH 3ULþYUVWLWH ]DãWLWX ]D UXNH SRPRüX SULORåHQLK YLMDND QD NXüLãWH 3URYHGLWH SURGXåQL NDEHO NUR] YXþQR UDVWHUHüHQMH 5XNRYDQMH 3R]RU RSDVQRVW RG SRYUHGD 8UHÿDM VH VPLMH NRULVWLWL VDPR QDNRQ SRWSXQH PRQWDåH 2EUDWLWH SR]RUQRVW QD VLJXUQRVQH QDSRPHQH X] UXNRYDQMH 3R]RU RSDVQRVW RG VWUXMH 3ULMH VYLK UDGRYD RGUåDYDQMD L QMHJH XYLMHN L]YXFLWH PUHåQL XWLNDþ 3R]RU RSDVQRVW RG S
PAGE 60
$/ .2 âNDUH ]D åLYX RJUDGX 3RPRý NRG VPHWQML 6PHWQMD 0RJXýL X]URN 5MHäHQMH 8UHÿDM QH IXQNFLRQLUD 1HPD QDSDMDQMD VWUXMRP 3URYMHUD NXüQRJ RVLJXUDþD SURGXåQRJ NDEHOD .DEHO XUHÿDMD MH QHLVSUDYDQ 3RWUDåLWH $/ .2 VHUYLVQX VOXåEX 3URGXåQL NDEHO MH RãWHüHQ 3URYMHULWH SURGXåQL NDEHO 8UHÿDM UDGL V SUHNLGLPD 3UHNLGDþ ]D XNOM LVNOM MH QHLVSUDYDQ 3RWUDåLWH $/ .2 VHUYLVQX VOXåEX ,QWHUQD JUHãND 3RWUDåLWH $/ .2 VHUYLVQX VOXåEX 0RWRU UDGL QRå VWRML ,QWHUQD JUHãND 3RWUDåLWH $/ .
PAGE 61
+7 +7 +5 (= L]MDYD R VXNODGQRVWL 2YLP SRWYUÿXMHPR GD RYDM SURL]YRG X YHU]LML NRMX VPR PL SXVWLOL X SURPHW RGJRYDUD ]DKWMHYLPD KDUPRQL]LUDQLK (8 VPMHUQLFD (8 VLJXUQRVQLK VWDQGDUGD L VWDQGDUGD NRML VX VSHFL¿þQL ]D SURL]YRG 3URL]YRĀDÿ $/ .2 XUHÿDML *PE+ ,FKHQKDXVHU 6WU ' .|W] 2SXQRPRýHQLN $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 62
1RĪ\FH Ī\ZRSáRWyZ $/ .
PAGE 63
+7 +7 3/ 3U]HJOĆG SURGXNWX 1 2 3 4 5 9 10 8 6 7 1yĪ WQąF\ .DEHO 6DIHW\ 2VáRQD UąN 2GFLąĪND NDEOD 3U]HGQL XFKZ\W ] SU]\FLVNLHP Z\áąF]QLND ĝUXE\ PRQWDĪX RVáRQ\ UąN 3R]LRPLFD 2VáRQD QRĪD WQąFHJR 7\OQ\ XFKZ\W ] SU]\FLVNLHP Z\áąF]QLND ,QVWUXNFMD REVáXJL .
PAGE 64
1RĪ\FH Ī\ZRSáRWyZ $/ .2 'DQH WHFKQLF]QH 'DQH WHFKQLF]QH +7 %DVLF &XW +7 6DIHW\ &XW 3REyU PRF\ : : 'áXJRĞü QRĪD PP PP 6LáD FLĊFLD PP PP &LĊĪDU FDáRĞFL NJ NJ :LEUDFMD QD UĊNRMHĞFL P Vð P Vð 1DSLĊFLH VLHFL 9a 9 +] 9a 9 +] .
PAGE 65
+7 +7 0RQWDī 6\PERO NDPHU\ ZVND]XMH QD LOXVWUDFMH QD VWURQLH 3U]\PRFRZDü RVáRQĊ UąN GR REXGRZ\ GRVWDUF]R Q\PL ĞUXEDPL 3U]HSURZDG]Lü SU]HGáXĪDF] NDEOD SU]H] RGFLąĪNL 2EVâXJD 8ZDJD 1LHEH]SLHF]HĕVWZR XUD]X 8U]ąG]HQLH PRĪH E\ü XĪ\ZDQH MHG\QLH SR FDáNR ZLW\P ]áRĪHQLX 3U]\ REVáXG]H VWRVRZDü VLĊ GR ZVND]yZHN EH]SLHF]HĔVWZD 3RáąF]\ü NDEHO ] VLHFLą ]DVLODMąFą 3URV]Ċ XFKZ\FLü MHGQą UĊNą SU]HGQL D SRWHP GUXJą W\OQ\ XFKZ\W 1DFLVQąü RE\GZD Z\áąF]QLNL Z XFK
PAGE 66
1RĪ\FH Ī\ZRSáRWyZ $/ .2 &]\QQRğFL GR Z\NRQDQLD Z SU]\SDGNX XVWHUHN 8VWHUND 0RīOLZH SU]\F]\Q\ 5R]ZLĆ]DQLH 8U]ąG]HQLH QLH G]LDáD %UDN ]DVLODQLD 6SUDZG]Lü EH]SLHF]QLNL GRPRZH NDEHO SU]HGáXĪDF]D 8V]NRG]RQ\ NDEHO XU]ąG]HQLD 2GQDOHĨü VWDFMĊ VHUZLVX $/ .2 8V]NRG]RQ\ SU]HGáXĪDF] 6SUDZG]Lü SU]HGáXĪDF] 8V]NRG]RQ\ Z\áąF]QLN 2GQDOHĨü VWDFMĊ VHUZLVX $/ .2 8V]NRG]HQLH ZHZQąWU] 2GQDOHĨü VWDFMĊ VHUZLVX $/ .2 6LOQLN SUDFXMH QRĪH VLĊ QLH SRUXV]DMą 8V]NRG]HQLH ZHZQąWU] 2GQDOHĨü VWDFMĊ VHUZLVX $/ .
PAGE 67
+7 +7 3/ 'HNODUDFMD ]JRGQRĞFL (:* 1LQLHMV]\P R]QDMPLDP\ ĪH WHQ SURGXNW Z Z\NRQDQLX GRSXV]F]RQ\P GR REURWX RGSRZLDGD ]KDUPRQL]RZDQ\P SU]HSLVRP Z\W\F]Q\FK 8( QRUPRP EH]SLHF]HĔVWZD 8( L QRUPRP RGQRV]ąF\P VLĊ GR SURGXNWX 3URGXFHQW $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 3HâQRPRFQLN $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 68
.ĜRYLQRĜH] $/ .2 .
PAGE 69
+7 +7 &= 3ĝHKOHG YëURNEX 1 2 3 4 5 9 10 8 6 7 9VD]HQê QĤå %H]SHþQRVWQt NDEHO 2FKUDQD UXNRX 2GOHKþHQt NDEHORYpKR WDKX 3ĜHGQt UXNRMHĢ VH VStQDFtP WODþtWNHP âURXE\ SUR RFKUDQX UXNRX 9RGRYiKD .
PAGE 70
.ĜRYLQRĜH] $/ .
PAGE 71
+7 +7 0RQWiæ &= 3pÿH D ~GUæED 6\PERO NDPHU\ RGND]XMH QD REUi]N\ QD VWUDQČ 3ĜLSHYQČWH NH NU\WX RFKUDQX UXNRX SRPRFt SĜLORåH QêFK ãURXEĤ 3URGOXåRYDFt NDEHO SURWiKQČWH RGOHKþHQtP WDKX 2EVOXKD 3R]RU 1HEH]SHÿt SRUDQčQt 3ĜtVWURM VPt EêW XYHGHQ GR SURYR]X WHSUYH SRWp FR E\O NRPSOHWQČ VPRQWRYiQ 'RGUåWH EH]SHþQRVWQt SRN\Q\ N REVOX]H 3R]RU 1HEH]SHÿt SRUDQčQt HOHNWULFNëP SURXGHP 3ĜHG YHãNHURX ~GUåERX D RãHWĜHQtP Y\WiKQČWH ]iVWUþNX 3R]RU 1HEH]SHÿt SRUDQčQt
PAGE 72
.ĜRYLQRĜH] $/ .2 3RUXFK\ D MHMLFK RGVWUDėRYiQt 3RUXFKD 0RæQi SĝtÿLQD ĜHäHQt 3ĜtVWURM QHIXQJXMH 1HQt HOHNWULFNê SURXG =NRQWRUOXMWH GRPRYQt SRMLVWN\ SURGOXåRYDFt NDEHO 3RãNR]HQê NDEHO X SĜtVWURMH 9\KOHGDW VHUYLV $/ .2 3URGOXåRYDFt NDEHO MH SRãNR]HQê =NRQWUROXMWH SURGOXåRYDFt NDEHO 3RãNR]HQp WODþtWNR ]DStQiQt Y\StQiQt 9\KOHGDW VHUYLV $/ .2 ,QWHUQt FK\ED 9\KOHGDW VHUYLV $/ .2 0RWRU EČåt QRåH VH QHKêERX ,QWHUQt FK\ED 9\KOHGDW VHUYLV $/ .
PAGE 73
+7 +7 &= 3URKOiãHQt R VKRGČ (6 7tPWR SURKODãXMHPH åH WHQWR SURGXNW WDWR GR REČKX GDQi YHU]H RGSRYtGi SRåDGDYNĤP KDUPRQL]RYDQêFK VPČUQLF (8 EH]SHþQRVWQt VWDQGDUG\ (8 D VWDQGDUG\ VSHFL¿FNp SUR WHQWR SURGXNWW 9ëUREFH $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] =PRFQčQHF $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 74
1RåQLFH QD åLYê SORW $/ .
PAGE 75
+7 +7 6.
PAGE 76
1RåQLFH QD åLYê SORW $/ .
PAGE 77
+7 +7 0RQWiæ ÓGUæED D RäHWURYDQLH 6\PERO NDPHU\ SRXND]XMH QD REUi]N\ QD VWUDQH 2FKUDQX U~N XSHYQLWH QD WHOHVR SRPRFRX SULORåHQêFK VNUXWLHN 3UHGOåRYDFt NiEHO SUHYOHþWH FH] ]DULDGHQLH QD RGĐDKþHQLH ĢDKX 2EVOXKD 3R]RU 1HEH]SHÿHQVWYR ]UDQHQLD =DULDGHQLH VD VPLH SUHYiG]NRYDĢ Då SR NRPSOHW QHM PRQWiåL 3UL REVOXKH GRGUåXMWH EH]SHþQRVWQp SRN\Q\ =iVWUþNX NiEOD ]DVXĖWH GR ]iVXYN\ HOHNWULFNHM VLHWH -HGQRX UXNRX QDMSUY FK\ĢWH SUHGQ~ UXNRYlĢ D SRWRP GUXKRX ]D
PAGE 78
1RåQLFH QD åLYê SORW $/ .2 3RPRF SUL SRUXFKiFK 3RUXFKD 0RæQi SUtÿLQD 5LHäHQLH =DULDGHQLH QHIXQJXMH %H] HOHNWULFNpKR QDSiMDQLD 6NRQWUROXMWH SRLVWN\ Y GRPiFQRVWL DOHER SUHGOåRYDFt NiEHO &K\EQê NiEHO ]DULDGHQLD 9\KĐDGDMWH VHUYLV $/ .2 3RãNRGHQê SUHGOåRYDFt NiEHO 6NRQWUROXMWH SUHGOåRYDFt NiEHO &K\EQê Y\StQDþ 9\KĐDGDMWH VHUYLV $/ .2 9Q~WRUQi SRUXFKD 9\KĐDGDMWH VHUYLV $/ .2 0RWRU EHåt Q{å ]RVWDQH VWiĢ 9Q~WRUQi SRUXFKD 9\KĐDGDMWH VHUYLV $/ .
PAGE 79
+7 +7 6. 9\KOiVHQLH R ]KRGH (6 7êPWR Y\KODVXMHPH åH WHQWR YêURERN Y SUHYHGHQt NWRUp VPH XYHGOL GR SUHYiG]N\ ]RGSRYHGi SRåLDGDYNiP KDUPRQL]RYDQêFK VPHUQtF (Ò EH]SHþQRVWQêFK QRULHP (Ò D QRULHP SODWQêFK SUH WHQWR YêURERN 9ëUREFD $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 6SOQRPRFQHQHF $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 80
$/ .
PAGE 81
+7 +7 + $ WHUPpN LVPHUWHWpVH 1 2 3 4 5 9 10 8 6 7 9iJyNpV %L]WRQViJL NiEHO .p]YpGĘ .
PAGE 82
$/ .
PAGE 83
+7 +7 gVV]HV]HUHOpV $ IpQ\NpSH]ĘJpS V]LPEyOXP D ROGDORQ OpYĘ iEUiNUD YRQDWNR]LN $ PHOOpNHOW FVDYDURNNDO HUĘVtWVH IHO D Np]YpGĘW D EXUNRODWUD $ KRVV]DEEtWyNiEHOW YH]HVVH iW D IHV]OpVPHQWHVtWĘQ .
PAGE 84
$/ .2 V|YpQ\YiJy 6HJtWVpJ PHJKLEiVRGiV HVHWpQ 0HJKLEiVRGiV /HKHWVpJHV RNRN 0HJROGiV $ NpV]OpN QHP PĦN|GLN 1LQFV iUDPHOOiWiV (OOHQĘUL]]H D EL]WRVtWpNRW KRVV]DEEtWyNiEHOW $ NpV]OpN YH]HWpNH KLEiV .HUHVVH IHO D] $/ .2 V]HUYL]pW $ KRVV]DEEtWyNiEHO VpUOW (OOHQĘUL]]H D KRVV]DEtWyNiEHOW $ EH NL NDSFVROy KLEiV .HUHVVH IHO D] $/ .2 V]HUYL]pW %HOVĘ KLED .HUHVVH IHO D] $/ .2 V]HUYL]pW $ PRWRU PĦN|GLN D NpVHN %HOVĘ KLED QHP PR]RJQDN .HUHVVH IHO D] $/ .
PAGE 85
+7 +7 + (8 PHJIHOHOĘVpJL Q\LODWNR]DW .LMHOHQWMN KRJ\ H] D WHUPpN MHOHQ iOODSRWiEDQ PHJIHOHO D KDUPRQL]iOW (8 RUiQ\HOYHNEHQ (8 EL]WRQViJL V]DE YiQ\RNEDQ pV D WHUPpNUH YRQDWNR]y V]DEYiQ\RNEDQ PHJIRJDOPD]RWW N|YHWHOPpQ\HNQHN *\iUWy $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 0HJKDWDOPD]RWW $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 86
$/ .
PAGE 87
+7 +7 '. 3URGXNWRYHUVLJW 1 2 3 4 5 9 10 8 6 7 6Y UG 6LNNHUKHGVNDEHO +nQGEHVN\WWHOVH .
PAGE 88
$/ .2 K NNHNOLSSHU 7HNQLVNH GDWD 7HNQLVNH GDWD +7 %DVLF &XW +7 6DIHW\ &XW (IIHNWIRUEUXJ : : 6Y UGO QJGH PP PP 6N UHW\NNHOVH PP PP 9 JW NJ NJ 9LEUDWLRQVY UGLHU Sn KnQGWDJ P Vð P Vð 1HWVS QGLQJ 9a 9 +] 9a 9 +] ,VRODWLRQVNODVVH ,, ,, 6ODJDQWDO XEHODVWHW P P /\GWU\NVQLYHDX /3$ G% $ G% $ 6LNNHUKHGVDQYLVQLQJHU 1% $QYHQG NXQ PDVNLQHQ L WHNQLVN IHMOIUL VWDQG .
PAGE 89
+7 +7 0RQWHULQJ 9HGOLJHKROGHOVH RJ VHUYLFH .
PAGE 90
$/ .2 K NNHNOLSSHU +M OS YHG IHMO )HMO 0XOLJ nUVDJ /¡VQLQJ 0DVNLQHQ IXQJHUHU LNNH ,QJHQ VWU¡PIRUV\QLQJ 7MHN KXVHWV VLNULQJHU IRUO QJHUOHGQLQJ 0DVNLQHQV NDEHO GHIHNW .RQWDNW $/ .2 VHUYLFHDIGHOLQJ )RUO QJHUOHGQLQJ EHVNDGLJHW 7MHN IRUO QJHUOHGQLQJ 7 QG VOXN NQDS GHIHNW .RQWDNW $/ .2 VHUYLFHDIGHOLQJ ,QWHUQ IHMO .RQWDNW $/ .2 VHUYLFHDIGHOLQJ 0RWRU N¡UHU NQLYH VWnU VWLOOH ,QWHUQ IHMO .RQWDNW $/ .2 VHUYLFHDIGHOLQJ .QLYH EOLYHU YDUPH 0DQJOHQGH VP¡ULQJ 6P¡U NQLYH PHG HQ VPXOH ROLH .
PAGE 91
+7 +7 '. () RYHUHQVVWHPPHOVHVHUNO ULQJ +HUPHG HUNO UHU YL DW GHWWH SURGXNW L GHQ DI RV PDUNHGVI¡UWH XGI¡UHOVH RSI\OGHU NUDYHQH L GH KDUPRQLVHUHGH (8 GLUHNWLYHU (8 VLNNHUKHGVVWDQGDUGHUQH RJ GH SURGXNWVSHFL¿NNH VWDQGDUGHU 3URGXFHQW $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] %HIXOGP JWLJHW UHSU VHQWDQW $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 92
$/ .
PAGE 93
+7 +7 6 3URGXNW|YHUVLNW 1 2 3 4 5 9 10 8 6 7 6NlUNQLYDU 6lNHUKHWVNDEHO +DQGVN\GG .
PAGE 94
$/ .2 KlFNVD[ 7HNQLVND GDWD 7HNQLVND GDWD +7 %DVLF &XW +7 6DIHW\ &XW (IIHNWI|UEUXNQLQJ : : .
PAGE 95
+7 +7 0RQWHULQJ .
PAGE 96
$/ .2 KlFNVD[ cWJlUGHU YLG IHO )HO 0|MOLJ RUVDN /|VQLQJ 0DVNLQ IXQJHUDU LQWH ,QJHQ VWU|PI|UV|UMQLQJ 6lNULQJ NRQWUROOHUD I|UOlQJVQLQJVNDEHO .DEHO GHIHNW 8SSV|N HQ $/ .2 VHUYLFHVWDWLRQ )|UOlQJQLQJVNDEHO VNDGDG .RQWUROOHUD I|UOlQJQLQJVNDEHO 2Q RII NQDSSHQ GHIHNW 8SSV|N HQ $/ .2 VHUYLFHVWDWLRQ ,QWHUQW IHO 8SSV|N HQ $/ .2 VHUYLFHVWDWLRQ 0RWRUQ JnU NQLYDUQD VWnU VWLOOD ,QWHUQW IHO 8SSV|N HQ $/ .2 VHUYLFHVWDWLRQ .QLYDUQD EOLU YDUPD 'HW VDNQDV VP|UMQLQJ 2OMD LQ NQLYDUQD OlWW .
PAGE 97
+7 +7 6 (* I|UVlNUDQ RP |YHUHQVVWlPPHOVH +lUPHG I|UVlNUDU YL DWW GHQQD SURGXNW L GHW XWI|UDQGH GHQ WLOOYHUNDWV L PRWVYDUDU GH KDUPRQLVHUDGH NUDYHQ I|U (8 GLUHNWLY (8 VlNHUKHWVVWDQGDUGHU RFK GH SURGXNWVSHFL¿ND VWDQGDUGHUQD 7LOOYHUNDUH $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] )|UHWUlGDUH $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 98
$/ .
PAGE 99
+7 +7 1 3URGXNWRYHUVLNW 1 2 3 4 5 9 10 8 6 7 .XWWHNQLY 6LNNHUKHWVNDEHO +nQGEHVN\WWHOVH .
PAGE 100
$/ .2 +HNNVDNV 7HNQLVNH GDWD 7HNQLVNH GDWD +7 %DVLF &XW +7 6DIHW\ &XW (IIHNWIRUEUXN : : .QLYOHQJGH PP PP .
PAGE 101
+7 +7 0RQWHULQJ 1 9HGOLNHKROG RJ SOHLH .
PAGE 102
$/ .2 +HNNVDNV +MHOS YHG IHLO )HLO 0XOLJ nUVDN /¡VQLQJ 0DVNLQHQ IXQJHUHU LNNH ,QJHQ VWU¡PWLOI¡UVHO .RQWUROOHU KXVVLNULQJ IRUOHQJHOVHVNDEHO $SSDUDWNDEHO GHIHNW .RQWDNW $/ .2 VHUYLFHYHUNVWHG )RUOHQJHOVHVNDEHO VNDGHW .RQWUROOHU IRUOHQJHOVHVNDEHO $Y 3n EU\WHU GHIHNW .RQWDNW $/ .2 VHUYLFHYHUNVWHG ,QWHUQ IHLO .RQWDNW $/ .2 VHUYLFHYHUNVWHG 0RWRU JnU NQLYHQ VWnU VWLOOH ,QWHUQ IHLO .RQWDNW $/ .2 VHUYLFHYHUNVWHG .QLYHQ EOLU YDUP 0DQJOHQGH VP¡ULQJ 2OMH NQLYHQ OHWW 6O¡Y NQLY .RQWDNW $/ .
PAGE 103
+7 +7 1 (8 VDPVYDUVHUNO ULQJ 9L HUNO UHU PHG GHWWH DW GHWWH SURGXNWHW VRP YL KDU EUDNW LQQ Sn PDUNHGHW L GHQQH XWI¡UHOVH RYHUKROGHU NUDYHQH L GH KDUPRQLVHUWH (8 IRUVNULIWHQH (8 VLNNHUKHWVVWDQGDUGHQH RJ GH SURGXNWVSHVL¿NNH VWDQGDUGHQH 3URGXVHQW $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] )XOOPHNWLJ $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 104
$/ .2 SHQVDVOHLNNXUL .
PAGE 105
+7 +7 ),1 7XRWWHHQ UDNHQQH 1 2 3 4 5 9 10 8 6 7 /HLNNXXWHUl 7XUYDNDDSHOL .lVLVXRMD .DDSHOLQ YHGRQSRLVWLQ (WXPPDLQHQ WDUWXQWDNDKYD MD N\WNHQWlSDLQLNH 5XXYLW NlVLVXRMDQ DVHQQXNVHHQ 9HVLYDDND /HLNNXXWHUlQ VXRMXV 7DDHPSL WDUWXQWDNDKYD MD N\WNHQWlSDLQLNH .l\WW|RKMH 7XUYDNDDSHOL P YDLQ PDOOLVVD +7 6DIHW\ &XW /DLWWHHVVD ROHYLHQ V\PEROLHQ PHUNLW\V .l\Wl VXRMDODVHMD +XRPLR .
PAGE 106
$/ .2 SHQVDVOHLNNXUL 7HNQLVHW WLHGRW 7HNQLVHW WLHGRW +7 %DVLF &XW +7 6DIHW\ &XW 7HKRQRWWR : : 7HUlQ SLWXXV PP PP /HLNNXXYDKYXXV PP PP .RNRQDLVSDLQR NJ NJ .
PAGE 107
+7 +7 $VHQQXV .DPHUDV\PEROL YLLWWDD VLYXOOD ROHYLLQ NXYLLQ .LLQQLWl NlVLVXRMD NRWHORRQ PXNDQD WRLPLWHWXLOOD UXXYHLOOD 7\|QQl SLGHQQ\VMRKWR YHGRQSRLVWLPHQ OlSL .
PAGE 108
$/ .2 SHQVDVOHLNNXUL 2KMHLWD KlLUL|LGHQ VDWWXHVVD +lLUL| 0DKGROOLQHQ V\\ 5DWNDLVX /DLWH HL WRLPL (L YLUUDQV\|WW|l 7DUNLVWD Nl\WW|SDLNDQ YDURNH SLGHQQ\VMRKWR /DLWWHHQ NDDSHOL RQ YLDOOLQHQ 2WD \KWH\WWl $/ .2 KXROWROLLNNHHVHHQ 3LGHQQ\VMRKWR RQ YLDOOLQHQ 7DUNDVWD SLGHQQ\VMRKWR 2Q 2II N\WNLQ YLDOOLQHQ 2WD \KWH\WWl $/ .2 KXROWROLLNNHHVHHQ 6LVlLQHQ YLUKH 2WD \KWH\WWl $/ .2 KXROWROLLNNHHVHHQ 0RRWWRUL RQ Nl\QQLVVl WHUlW HLYlW OLLNX 6LVlLQHQ YLUKH 2WD \KWH\WWl $/ .
PAGE 109
+7 +7 ),1 (< YDDWLPXVWHQPXNDLVXXVYDNXXWXV 9DNXXWDPPH WlWHQ HWWl N\VHVVl ROHYD WXRWH YDVWDD VLLQl WLODVVD NXLQ YDOPLVWDMD RQ VHQ PDUNNLQRLOOH VDDWWDQXW KDUPRQLVRLWXMD (8 GLUHNWLLYHMl (8 WXUYDVWDQGDUGHMD VHNl WXRWHNRKWDLVLD VWDQGDUGHMD 9DOPLVWDMD $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 9DOWXXWHWWX KHQNLO| $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 110
$/ .2 KHNLNllULG .lVLUDDPDW 7RRWH NLUMHOGXV /XJHJH VHH NDVXWXVMXKHQG HQQH NDVXWDPLVW OlEL 6HH RQ WXUYDOLVH W||WDPLVH MD KlLUHWHWD NlVLWVHPLVH HHOGXVHNV 6LKLSlUDQH NDVXWXV -lUJLJH RKXWXV MD KRLDWXVMXKLVHLG PLV RQ lUD WRR GXG VHOOHV GRNXPHQGLV MD VHDGPHO +RLGNH NDVXWXVMXKHQG DOOHV HW VDDNVLWH VHGD WX OHYLNXV NDVXWDGD MD DQGNH VHH HGDVL ND WHLVWHOH NDVXWDMDWHOH 7lKLVWH VHOJLWXV 7lKHOHSDQX .
PAGE 111
+7 +7 (67 6HDGPH OHYDDGH 1 2 3 4 5 9 10 8 6 7 /}LNHWHUD -XKWPHNDLWVH .lWH NDWH -XKWPH W}PEHW}NLV (HVPLQH NlHSLGH OOLWLNODKYLJD .UXYLG NlWH NDWWH PRQWHHULPLVHNV 9HVLORRG /}LNHWHUD NDWH 7DJXPLQH NlHSLGH OOLWLNODKYLJD .DVXWXVMXKHQG -XKWPHNDLWVH P DLQXOW +7 6DIHW\ &XW L SXKXO 6HDGPHO OHLGXYDWH WlKLVWH WlKHQGXV .
PAGE 112
$/ .2 KHNLNllULG 7HKQLOLVHG DQGPHG 7HKQLOLVHG DQGPHG +7 %DVLF &XW +7 6DIHW\ &XW 9}LPVXV : : 7HUD SLNNXV PP PP /}LNH WXJHYXV PP PP .DDO NJ NJ 9LEUDWVLRRQ NlHSLGHPHO P Vð P Vð 9RROXSLQJH 9a 9 +] 9a 9 +] ,VRODWVLRRQL NODVV ,, ,, .
PAGE 113
+7 +7 0RQWHHULPLQH .DDPHUD WlKLV RVXQGDE SLOWLGHOH OHKHNOMHO .LQQLWDJH NlWH NDWH NDDVD DQWXG NUXYLGHJD NRUSX VH NOJH -XKWLJH SLNHQGXVMXKH OlEL W}PEHW}NLVH .
PAGE 114
$/ .2 KHNLNllULG $EL ULNHWH NRUUDO 5LNH 9}LPDOLN S}KMXV /DKHQGXV 6HDGH HL W||WD 9RROXSLQJH SXXGXE .RQWUROOLJH PDMD NDLWVPHLG SLNHQGXVMXKHW 6HDGPH MXKH RQ NDKMXVWDWXG 9}WNH KHQGXVW $/ .2 WHHQLQGXVNHVNXVHJD 3LNHQGXVMXKH RQ NDKMXVWXQXG .RQWUROOLJH SLNHQGXVMXKHW 6LVVH YlOMDOOLWDPLVH OOLWL RQ NDKMXVWXQXG 9}WNH KHQGXVW $/ .2 WHHQLQGXVNHVNXVHJD 6LVHPLQH ULNH 9}WNH KHQGXVW $/ .2 WHHQLQGXVNHVNXVHJD 0RRWRU W||WDE WHUD HL OLLJX 6LVHPLQH ULNH 9}WNH KHQGXVW $/ .
PAGE 115
+7 +7 (67 (h YDVWDYXVGHNODUDWVLRRQ 6HOOHJD WHDWDPH HW VHH WRRGH PLV RQ PHLH SRROW VHOOHV YHUVLRRQLV WXUXVWDWXG YDVWDE (h GLUHNWLLYLGHOH (h RKXWXVVWDQGDUGLWHOH MD WRRWHVSHWVLL¿OLVWHOH QRUPLGHOH 7RRWMD $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] (VLQGDMD $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .|W] 7S +7 %DVLF &XW +7 6DIHW\ &XW (h GLUHNWLLYLG (1 NXQL (1 DODWHV (1 (1 (1 .
PAGE 116
$/ .
PAGE 117
+7 +7 /9 ,]VWUƘGƘMXPD SƘUVNDWV 1 2 3 4 5 9 10 8 6 7 *ULH]ƝMDVPHƼL 'URãƯEDV NDEHOLV 5RNX DL]VDUJLHUƯFH .
PAGE 118
$/ .2 ']ƯYåRJX ãƷƝUHV 7HKQLVNLH GDWL 7HKQLVNLH GDWL +7 %DVLF &XW +7 6DIHW\ &XW -DXGDV SDWƝULƼã : : $VPHƼX JDUXPV PP PP *ULHãDQDV VSƝNV PP PP .
PAGE 119
+7 +7 0RQWƘæD )RWRDSDUƗWD VLPEROV QRUƗGD X] OSS VQLHJWDMLHP DWWƝOLHP $U NOƗW SLHYLHQRWDMƗP VNUǌYƝP SLHVWLSULQLHW URNX DL]VDUJLHUƯFL SLH NRUSXVD ,]YHOFLHW SDJDULQƗWƗMX FDXUL QRVWLHSHV ¿NVDWRUDP /LHWRäDQD 8]PDQưEX VDYDLQRMXPX JǍäDQDV ULVNV ,HUƯFL GUƯNVW GDUELQƗW WLNDL WDG NDG LU SLOQƯEƗ SDEHL JWD WƗV SLHGHUXPX PRQWƗåD ƻHPLHW YƝUƗ GURãƯEDV QRUƗGƯMXPXV NDV VQLHJWL DWWLHFƯEƗ X] LHUƯFHV OLHWRãDQX 6DYLHQRMLHW WƯNOD NDEHOL DU HOHNWURWƯNOX $U YLHQX URN
PAGE 120
$/ .2 ']ƯYåRJX ãƷƝUHV 3DOưG]ưED GDUEưEDV WUDXFƞMXPX JDGưMXPƘ 7UDXFƞMXPL ,HVSƞMDPDLV FƞORQLV 5LVLQƘMXPV ,HUƯFH QHGDUERMDV ,HUƯFHL QHWLHN SLHYDGƯWD VWUƗYD 3ƗUEDXGƯW PƗMVDLPQLHFƯEDV GURãLQƗWƗMXV SDJDULQƗWƗMX %RMƗWV LHUƯFHV NDEHOLV 6D]LQƗWLHV DU $/ .2 VHUYLVD FHQWUX %RMƗWV SDJDULQƗWƗMV 3ƗUEDXGƯW SDJDULQƗWƗMX %RMƗWV LHVOƝJãDQDV L]VOƝJãDQD VOƝG]LV 6D]LQƗWLHV DU $/ .2 VHUYLVD FHQWUX ,HNãƝMD NƺǌPH 6D]LQƗWLHV DU $/ .
PAGE 121
+7 +7 /9 (. DWELOVWƯEDV GHNODUƗFLMD $U ãR PƝV DSOLHFLQƗP ND ãLV L]VWUƗGƗMXPV WƗGƗ L]SLOGƯMXPƗ NƗGƗ WDV LU QRGRWV WLUG]QLHFƯEƗ DWELOVW VDVNDƼRWR (6 GLUHNWƯYX (6 GURãƯEDV VWDQGDUWX XQ DU L]VWUƗGƗMXPD VSHFL¿NX VDLVWƯWR VWDQGDUWX SUDVƯEƗP 5DæRWƘMV $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] 3LOQYDURWDLV SƘUVWƘYLV $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .|W] 0RGHOLV +7 %DVLF &XW +7 6DIHW\ &XW (6 GLUHNWưYDV (. OƯG] (. QR (.
PAGE 122
$/ .
PAGE 123
+7 +7 /7 *DPLQLR DSæYDOJD 1 2 3 4 5 9 10 8 6 7 3MRYLPR SHLOLV $SVDXJLQLV ODLGDV 5DQNǐ DSVDXJD /DLGR ¿NVDWRULXV 3ULHNLQơ UDQNHQD VX MXQJLNOLR P\JWXNX 5DQNǐ DSVDXJRV PRQWDYLPR YDUåWDL *XOVþLXNDV 3MRYLPR SHLOLR DSVDXJLQLV JDXEWDV *DOLQơ UDQNHQD VX MXQJLNOLR P\JWXNX 1DXGRMLPR LQVWUXNFLMD $SVDXJLQLV ODLGDV P WLN VX +7 DSVDXJD 6LPEROLǑ DQW SULHWDLVR UHLNäPƢV 1DXGRNLWH DSVDXJLQLXV DNLQLXV 'ơPHVLR 'LUENLWH \SDþ DWVDUJLDL 3HUVNDLW\NLWH LU
PAGE 124
$/ .
PAGE 125
+7 +7 0RQWDYLPDV .
PAGE 126
$/ .2 J\YDWYRULX LUNOHV 7ULNÿLǑ GLDJQRVWLND *HGLPDV *DOLPD SULHæDVWLV .Ć GDU\WL 3ULHWDLVDV QHYHLNLD 1ơUD WLQNOR ƳWDPSRV 3DWLNULQNLWH VDXJLNOƳ LU LOJLQWXYą 3DåHLVWDV SULHWDLVR ODLGDV .UHLSNLWơV Ƴ $/ .2 NOLHQWǐ DSWDUQDYLPR WDUQ\Eą 3DåHLVWDV LOJLQWXYDV 3DWLNULQNLWH LOJLQWXYR ODLGą ƲMXQJLPR LãMXQJLPR MXQJLNOLR JHGLPDV .UHLSNLWơV Ƴ $/ .2 NOLHQWǐ DSWDUQDYLPR WDUQ\Eą 9LGLQơ NODLGD .UHLSNLWơV Ƴ $/ .2 NOLHQWǐ DSWDUQDYLPR WDUQ\Eą 9DULNOLV YHLNLD EHW SHLOLV QHMXGD 9LGLQơ NODLGD .
PAGE 127
+7 +7 /7 (6 DWLWLNWLHV SDUHLãNLPDV âLXR PHV SDUHLãNLDPD NDG ãLV SURGXNWDV EXYR VXNXUWDV VXSURMHNWXRWDV LU SDJDPLQWDV ODLNDQWLV KDUPR]LQXRWǐ (6 GLUHNW\Yǐ (6 VDXJRV LQVWUXNFLMǐ LU JDPLQLXL WDLN\WLQǐ VWDQGDUWǐ *DPLQWRMDV $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] $WVWRYDV $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 128
ɗɥɟɤɬɪɢɱɟɫɤɢɣ ɤɭɫɬɨɪɟɡ $/ .
PAGE 129
+7 +7 586 ɉɪɣɬɛɨɣɠ ɪɫɩɟɮɥɭɛ 1 2 3 4 5 9 10 8 6 7 ɇɨɠɢ Ʉɚɛɟɥɶ ɫ ɡɚɳɢɬɨɣ ɍɫɬɪɨɣɫɬɜɨ ɞɥɹ ɡɚɳɢɬɵ ɪɭɤ ɍɫɬɪɨɣɫɬɜɨ ɞɥɹ ɨɫɥɚɛɥɟɧɢɹ ɧɚɬɹɠɟɧɢɹ ɤɚɛɟɥɹ ɉɟɪɟɞɧɹɹ ɪɭɤɨɹɬɤɚ ɫ ɤɧɨɩɤɨɣ ɜɤɥɸɱɟɧɢɹ ȼɢɧɬɵ ɞɥɹ ɭɫɬɚɧɨɜɤɢ ɭɫɬɪɨɣɫɬɜɚ ɞɥɹ ɡɚɳɢɬɵ ɪɭɤ ɍɪɨɜɟɧɶ Ɂɚɳɢɬɧɨɟ ɩɨɤɪɵɬɢɟ ɧɨɠɟɣ Ɂɚɞɧɹɹ ɪɭɤɨɹɬɤɚ ɫ ɤɧɨɩɤɨɣ ɜɤɥɸɱɟɧɢɹ Ɋɭɤɨɜɨɞɫɬɜɨ ɩɨ ɷɤɫɩɥɭɚɬɚɰɢɢ Ʉɚɛɟɥɶ ɫ ɡɚɳɢɬɨɣ ɞɥɢɧɨɣ ɦ ɞɨɫɬɭɩɟɧ ɬɨɥɶɤɨ ɜ ɦɨɞɟɥɢ +7 6DIHW\ &XW ɂɨɛɲɠɨɣɠ ɬɣɧɝɩɦɩɝ ɨɛ ɣɨɬɭɫɮɧɠɨɭɠ ɂɫɩɨɥɶɡɭɣɬɟ ɡɚɳɢɬɧɵ
PAGE 130
ɗɥɟɤɬɪɢɱɟɫɤɢɣ ɤɭɫɬɨɪɟɡ $/ .
PAGE 131
+7 +7 ɇɩɨɭɛɡ Ɂɧɚɱɨɤ ɤɚɦɟɪɵ ɭɤɚɡɵɜɚɟɬ ɧɚ ɢɥɥɸɫɬɪɚɰɢɢ ɩɪɢɜɟɞɟɧɧɵɟ ɧɚ ɫɬɪ ɉɪɢɤɪɟɩɢɬɟ ɭɫɬɪɨɣɫɬɜɨ ɞɥɹ ɡɚɳɢɬɵ ɪɭɤ ɤ ɤɨɪɩɭ ɫɭ ɫ ɩɨɦɨɳɶɸ ɜɢɧɬɨɜ ɉɪɨɞɟɧɶɬɟ ɭɞɥɢɧɢɬɟɥɶɧɵɣ ɤɚɛɟɥɶ ɱɟɪɟɡ ɭɫɬɪɨɣɫɬɜɨ ɞɥɹ ɨɫɥɚɛɥɟɧɢɹ ɟɝɨ ɧɚɬɹɠɟɧɢɹ ɘɥɬɪɦɮɛɭɛɱɣɺ Ƚɨɣɧɛɨɣɠ ɉɪɛɬɨɩɬɭɷ ɪɩɦɮɲɠɨɣɺ ɭɫɛɝɧ ɂɧɫɬɪɭɦɟɧɬ ɪɚɡɪɟɲɚɟɬɫɹ ɢɫɩɨɥɶɡɨɜɚɬɶ ɬɨɥɶɤɨ ɩɨɫɥɟ ɩɨɥɧɨɣ ɫɛɨɪɤɢ ɋɨɛɥɸɞɚɣɬɟ ɭɤɚɡɚɧɢɹ ɩɨ ɬɟɯɧɢɤɟ ɛɟɡɨɩɚɫɧɨɫɬɢ ɩɪɢ ɷɤɫɩɥɭɚɬɚɰɢɢ ɢɧɫɬɪɭɦɟɧɬɚ ɉɨɞɤɥɸɱɢɬɟ ɤɚɛɟɥɶ ɫɟɬɟɜɨɝɨ ɩɢɬɚɧɢɹ ɤ ɷɥɟɤɬɪɨɫɟɬɢ Ɉɛɯɜ
PAGE 132
ɗɥɟɤɬɪɢɱɟɫɤɢɣ ɤɭɫɬɨɪɟɡ $/ .2 Ɏɬɭɫɛɨɠɨɣɠ ɨɠɪɩɦɛɟɩɥ Ɉɠɪɩɦɛɟɥɛ Ƚɩɢɧɩɡɨɛɺ ɪɫɣɲɣɨɛ ɋɠɳɠɨɣɠ ɂɧɫɬɪɭɦɟɧɬ ɧɟ ɪɚɛɨɬɚɟɬ Ɉɬɫɭɬɫɬɜɭɟɬ ɷɥɟɤɬɪɨɫɧɚɛɠɟɧɢɟ ɉɪɨɜɟɪɶɬɟ ɩɪɟɞɨɯɪɚɧɢɬɟɥɢ ɞɨɦɚɲɧɟɣ ɷɥɟɤɬɪɨɫɟɬɢ ɭɞɥɢɧɢɬɟɥɶɧɵɣ ɤɚɛɟɥɶ Ʉɚɛɟɥɶ ɢɧɫɬɪɭɦɟɧɬɚ ɩɨɜɪɟɠɞɟɧ Ɉɛɪɚɬɢɬɟɫɶ ɜ ɫɟɪɜɢɫɧɵɣ ɰɟɧɬɪ ɤɨɦɩɚɧɢɢ $/ .2 ɂɧɫɬɪɭɦɟɧɬ ɪɚɛɨɬɚɟɬ ɫ ɩɟɪɟɛɨɹɦɢ ɍɞɥɢɧɢɬɟɥɶɧɵɣ ɤɚɛɟɥɶ ɩɨɜɪɟɠɞɟɧ ɉɪɨɜɟɪɶɬɟ ɭɞɥɢɧɢɬɟɥɶɧɵɣ ɤɚɛɟɥɶ ȼɵɤɥɸɱɚɬɟɥɶ ɩɨɜɪɟɠɞɟɧ Ɉɛɪɚɬɢɬɟɫɶ ɜ ɫɟɪɜɢɫɧɵɣ ɰɟɧɬɪ ɤɨɦɩɚɧɢɢ $/ .
PAGE 133
+7 +7 586 Ⱦɟɤɥɚɪɚɰɢɹ ɨ ɫɨɨɬɜɟɬɫɬɜɢɢ ɫɬɚɧɞɚɪɬɚɦ ȿɋ ɇɚɫɬɨɹɳɢɦ ɞɨɤɭɦɟɧɬɨɦ ɦɵ ɡɚɹɜɥɹɟɦ ɱɬɨ ɞɚɧɧɵɣ ɫɩɪɨɟɤɬɢɪɨɜɚɧɧɵɣ ɧɚɦɢ ɩɪɨɞɭɤɬ ɫɨɨɬɜɟɬɫɬɜɭɟɬ ɬɪɟɛɨɜɚɧɢɹɦ ɫɨɝɥɚɫɨɜɚɧɧɵɯ ɞɢɪɟɤɬɢɜ ȿɋ ɫɬɚɧɞɚɪɬɚɦ ɛɟɡɨɩɚɫɧɨɫɬɢ ȿɋ ɚ ɬɚɤɠɟ ɞɪɭɝɢɦ ɫɬɚɧɞɚɪɬɚɦ ɩɪɢɦɟɧɹɟɦɵɦ ɤ ɞɚɧɧɨɦɭ ɩɪɨɞɭɤɬɭ Ɋɫɩɣɢɝɩɟɣɭɠɦɷ $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] Ɏɪɩɦɨɩɧɩɲɠɨɨɶɤ ɪɫɠɟɬɭɛɝɣɭɠɦɷ $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 134
ȿɥɟɤɬɪɢɱɧɢɣ ɤɭɳɨɪɿɡ $/ .
PAGE 135
+7 +7 8$ ɉɪɣɬ ɪɫɩɟɮɥɭɮ 1 2 3 4 5 9 10 8 6 7 ɇɨɠɿ Ʉɚɛɟɥɶ ɿɡ ɡɚɯɢɫɬɨɦ ɉɪɢɫɬɪɿɣ ɞɥɹ ɡɚɯɢɫɬɭ ɪɭɤ ɉɪɢɫɬɪɿɣ ɞɥɹ ɨɫɥɚɛɥɟɧɧɹ ɧɚɬɹɝɭ ɤɚɛɟɥɸ ɉɟɪɟɞɧɹ ɪɭɤɨɹɬɤɚ ɿɡ ɤɧɨɩɤɨɸ ɭɜɿɦɤɧɟɧɧɹ Ƚɜɢɧɬɢ ɞɥɹ ɜɫɬɚɧɨɜɥɟɧɧɹ ɩɪɢɫɬɪɨɸ ɞɥɹ ɡɚɯɢɫɬɭ ɪɭɤ Ɋɿɜɟɧɶ Ɂɚɯɢɫɧɟ ɩɨɤɪɢɬɬɹ ɧɨɠɿɜ Ɂɚɞɧɹ ɪɭɤɨɹɬɤɚ ɿɡ ɤɧɨɩɤɨɸ ɭɜɿɦɤɧɟɧɧɹ ɉɨɫɿɛɧɢɤ ɡ ɟɤɫɩɥɭɚɬɚɰɿʀ Ʉɚɛɟɥɶ ɿɡ ɡɚɯɢɫɬɨɦ ɞɨɜɠɢɧɨɸ ɦ ɞɨɫɬɭɩɧɢɣ ɬɿɥɶɤɢ ɜ ɦɨɞɟɥɿ +7 6DIHW\ &XW ɂɨɛɲɠɨɨɺ ɬɣɧɝɩɦʀɝ ɨɛ ʀɨɬɭɫɮɧɠɨɭʀ ȼɢɤɨɪɢɫɬɨɜɭɣɬɟ ɡɚɯɢɫɧɿ ɨɤ
PAGE 136
ȿɥɟɤɬɪɢɱɧɢɣ ɤɭɳɨɪɿɡ $/ .
PAGE 137
+7 +7 ɇɩɨɭɛɡ Ɂɧɚɱɨɤ ɤɚɦɟɪɢ ɜɤɚɡɭɽ ɧɚ ɿɥɸɫɬɪɚɰɿʀ ɧɚɜɟɞɟɧɿ ɧɚ ɫɬɨɪ ɉɪɢɤɪɿɩɿɬɶ ɩɪɢɫɬɪɿɣ ɞɥɹ ɡɚɯɢɫɬɭ ɪɭɤ ɞɨ ɤɨɪɩɭɫɚ ɡɚ ɞɨɩɨɦɨɝɨɸ ɝɜɢɧɬɿɜ ɉɪɨɫɦɢɤɧɿɬɶ ɩɨɞɨɜɠɭɜɚɥɶɧɢɣ ɤɚɛɟɥɶ ɱɟɪɟɡ ɩɪɢɫɬɪɿɣ ɞɥɹ ɨɫɥɚɛɥɟɧɧɹ ɣɨɝɨ ɧɚɬɹɝɭ ɀɥɬɪɦɮɛɭɛɱʀɺ Ɏɝɛɞɛ Ɉɠɜɠɢɪɠɥɛ ɩɭɫɣɧɛɨɨɺ ɭɫɛɝɧ ȱɧɫɬɪɭɦɟɧɬ ɞɨɡɜɨɥɹɽɬɶɫɹ ɟɤɫɩɥɭɚɬɭɜɚɬɢ ɬɿɥɶɤɢ ɩɿɫɥɹ ɩɨɜɧɨɝɨ ɦɨɧɬɚɠɭ Ⱦɨɬɪɢɦɭɣɬɟɫɶ ɜɤɚɡɿɜɨɤ ɳɨɞɨ ɬɟɯɧɿɤɢ ɛɟɡɩɟɤɢ ɩɿɞ ɱɚɫ ɟɤɫɩɥɭɚɬɚɰɿʀ ɿɧɫɬɪɭɦɟɧɬɚ ɉɿɞɤɥɸɱɿɬɶ ɤɚɛɟɥɶ ɦɟɪɟɠɧɨɝɨ ɠɢɜɥɟɧɧɹ ɞɨ ɟɥɟɤɬɪɨɦɟɪɟɠɿ
PAGE 138
ȿɥɟɤɬɪɢɱɧɢɣ ɤɭɳɨɪɿɡ $/ .2 Ɏɬɮɨɠɨɨɺ ɨɠɪɩɦɛɟɩɥ Ɉɠɪɩɦɛɟɥɛ ɇɩɡɦɣɝɛ ɪɫɣɲɣɨɛ ɋʀɳɠɨɨɺ ȱɧɫɬɪɭɦɟɧɬ ɧɟ ɩɪɚɰɸɽ ȼɿɞɫɭɬɧɽ ɟɥɟɤɬɪɨɩɨɫɬɚɱɚɧɧɹ ɉɟɪɟɜɿɪɬɟ ɡɚɩɨɛɿɠɧɢɤɢ ɞɨɦɚɲɧɶɨʀ ɟɥɟɤɬɪɨɦɟɪɟɠɿ ɩɨɞɨɜɠɭɜɚɥɶɧɢɣ ɤɚɛɟɥɶ Ʉɚɛɟɥɶ ɿɧɫɬɪɭɦɟɧɬɚ ɭɲɤɨɞɠɟɧɢɣ Ɂɜɟɪɧɿɬɶɫɹ ɞɨ ɫɟɪɜɿɫɧɨɝɨ ɰɟɧɬɪɭ ɤɨɦɩɚɧɿʀ $/ .2 ɉɨɞɨɜɠɭɜɚɥɶɧɢɣ ɤɚɛɟɥɶ ɭɲɤɨɞɠɟɧɢɣ ɉɟɪɟɜɿɪɬɟ ɩɨɞɨɜɠɭɜɚɥɶɧɢɣ ɤɚɛɟɥɶ ȼɢɦɢɤɚɱ ɭɲɤɨɞɠɟɧɢɣ Ɂɜɟɪɧɿɬɶɫɹ ɞɨ ɫɟɪɜɿɫɧɨɝɨ ɰɟɧɬɪɭ ɤɨɦɩɚɧɿʀ $/ .2 ȼɧɭɬɪɿɲɧɹ ɩɨɦɢɥɤɚ Ɂɜɟɪɧɿɬɶɫɹ ɞɨ ɫɟɪɜɿɫɧɨɝɨ ɰɟɧɬɪɭ ɤɨɦɩɚɧɿʀ $/ .
PAGE 139
+7 +7 8$ Ⱦɟɤɥɚɪɚɰɿɹ ɩɪɨ ɜɿɞɩɨɜɿɞɧɿɫɬɶ ɫɬɚɧɞɚɪɬɚɦ ȯɋ ɐɢɦ ɞɨɤɭɦɟɧɬɨɦ ɦɢ ɡɚɹɜɥɹɽɦɨ ɳɨ ɞɚɧɢɣ ɫɩɪɨɟɤɬɨɜɚɧɢɣ ɧɚɦɢ ɩɪɨɞɭɤɬ ɜɿɞɩɨɜɿɞɚɽ ɜɢɦɨɝɚɦ ɩɨɝɨɞɠɟɧɢɯ ɞɢɪɟɤɬɢɜ ȯɋ ɫɬɚɧɞɚɪɬɚɦ ɛɟɡɩɟɤɢ ȯɋ ɚ ɬɚɤɨɠ ɿɧɲɢɦ ɫɬɚɧɞɚɪɬɚɦ ɡɚɫɬɨɫɨɜɭɜɚɧɢɦ ɞɨ ɞɚɧɨɝɨ ɩɪɨɞɭɤɬɭ Ƚɣɫɩɜɨɣɥ $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] Ɏɪɩɝɨɩɝɛɡɠɨɣɤ ɪɫɠɟɬɭɛɝɨɣɥ $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 140
$/ .
PAGE 141
+7 +7 %* ɉɪɣɬɛɨɣɠ ɨɛ ɪɫɩɟɮɥɭɛ 1 2 3 4 5 9 10 8 6 7 ɇɨɠ Ɂɚɳɢɬɟɧ ɤɚɛɟɥ ɉɪɟɞɩɚɡɢɬɟɥ ɡɚ ɪɴɤɚ ɍɯɨ ɡɚ ɨɫɜɨɛɨɠɞɚɜɚɧɟ ɨɩɴɜɚɧɟɬɨ ɧɚ ɤɚɛɟɥɚ Ɂɚɞɧɚ ɪɴɤɨɯɜɚɬɤɚ ɫ ɛɭɬɨɧ ɡɚ ɩɭɫɤɚɧɟ ȼɢɧɬɨɜɟ ɡɚ ɦɨɧɬɚɠ ɧɚ ɩɪɟɞɩɚɡɢɬɟɥɹ ɧɚ ɪɴɤɚɬɚ ɇɢɜɟɥɢɪ ɉɪɟɞɩɚɡɟɧ ɤɚɥɴɮ ɡɚ ɪɟɠɟɳɢɬɟ ɧɨɠɨɜɟ ɉɪɟɞɧɚ ɪɴɤɨɯɜɚɬɤɚ ɫ ɛɭɬɨɧ ɡɚ ɩɭɫɤɚɧɟ Ɋɴɤɨɜɨɞɫɬɜɨ ɡɚ ɩɨɥɡɜɚɧɟ Ɂɚɳɢɬɟɧ ɤɚɛɟɥ P ɫɚɦɨ ɩɪɢ +7 6DIHW\ &XW ɂɨɛɲɠɨɣɠ ɨɛ ɬɣɧɝɩɦɣɭɠ ɝɵɫɰɮ ɮɫɠɟɛ ɇɨɫɟɬɟ ɡɚɳɢɬɧɢ ɨɱɢɥɚ ȼɧɢɦɚɧɢɟ Ȼɴɞɟɬɟ ɨɫɨɛɟɧɨ ɩɪɟɞ
PAGE 142
$/ .
PAGE 143
+7 +7 ɇɩɨɭɛɡ %* Ⱦɫɣɡɣ ɣ ɪɩɟɟɫɵɡɥɛ ɋɢɦɜɨɥɴɬ ɤɚɦɟɪɚ ɫɨɱɢ ɤɴɦ ɪɢɫɭɧɤɢɬɟ ɧɚ ɫɬɪɚɧɢɰɚ Ƚɨɣɧɛɨɣɠ ² ɉɪɛɬɨɩɬɭ ɩɭ ɭɩɥɩɝ ɮɟɛɫ ɉɪɟɞɢ ɜɫɹɤɨ ɨɛɫɥɭɠɜɚɧɟ ɢɥɢ ɩɨɱɢɫɬɜɚɧɟ ɞɚ ɫɟ ɢɡɜɚɠɞɚ ɳɟɤɟɪɴɬ Ɂɚɤɪɟɩɟɬɟ ɫ ɧɚɥɢɱɧɢɬɟ ɜɢɧɬɨɜɟ ɩɪɟɞɩɚɡɢɬɟɥɹ ɡɚ ɪɴɤɚɬɚ ɤɴɦ ɤɨɪɩɭɫɚ Ƚɨɣɧɛɨɣɠ ² ɉɪɛɬɨɩɬɭ ɩɭ ɨɛɫɛɨɺɝɛɨɠ ɉɪɟɞɢ ɜɫɹɤɨ ɨɛɫɥɭɠɜɚɧɟ ɢɥɢ ɩɨɱɢɫɬɜɚɧɟ ɞɚ ɫɟ ɢɡɜɚɠɞɚ ɳɟɤɟɪɴɬ ɉɪɟɤɚɪɚɣɬɟ ɭɞɴɥɠɢɬɟɥɧɢɹ ɤɚɛɟɥ ɩɪɟɡ ɭɯɨɬɨ ɋɛɜɩɭɛ Ƚɨɣɧɛɨɣɠ ² ɉɪɛɬɨɩɬɭ ɩɭ ɨɛɫɛɨɺɝɛɨɠ ɉɪɢɛɨɪɴɬ ɦɨɠɟ ɞɚ ɫɟ ɢɡɩɨɥɡɜɚ ɫɚɦɨ ɫ
PAGE 144
$/ .2 ɏɪɚɫɬɨɪɟɡ Ɋɩɧɩɴ ɪɫɣ ɪɩɝɫɠɟɣ Ɋɩɝɫɠɟɛ Ƚɵɢɧɩɡɨɛ ɪɫɣɲɣɨɛ ɋɠɳɠɨɣɠ ɍɪɟɞɴɬ ɧɟ ɪɚɛɨɬɢ Ʌɢɩɫɜɚ ɡɚɯɪɚɧɜɚɧɟ Ⱦɚ ɫɟ ɩɪɨɜɟɪɹɬ ɩɪɟɞɩɚɡɢɬɟɥɢɬɟ ɭɞɴɥɠɢɬɟɥɧɢɬɟ ɤɚɛɟɥɢ Ⱦɟɮɟɤɬɟɧ ɤɚɛɟɥ ɉɨɬɴɪɫɟɬɟ ɫɟɪɜɢɡ ɧɚ $/ .2 ɉɨɜɪɟɞɟɧ ɭɞɴɥɠɢɬɟɥɟɧ ɤɚɛɟɥ Ⱦɚ ɫɟ ɩɪɨɜɟɪɢ ɭɞɴɥɠɢɬɟɥɧɢɹ ɤɚɛɟɥ ɉɨɜɪɟɞɟɧ ɤɥɸɱ ɡɚ ɩɭɫɤɚɧɟ ɫɩɢɪɚɧɟ ɉɨɬɴɪɫɟɬɟ ɫɟɪɜɢɡ ɧɚ $/ .2 ȼɴɬɪɟɲɧɚ ɝɪɟɲɤɚ ɉɨɬɴɪɫɟɬɟ ɫɟɪɜɢɡ ɧɚ $/ .2 Ⱦɜɢɝɚɬɟɥɹɬ ɪɚɛɨɬɢ ɧɨ ɧɨɠɨɜɟɬɟ ɫɚ ɧɟɩɨɞɜɢɠɧɢ ȼɴɬɪɟɲɧɚ ɝɪɟɲɤɚ ɉɨɬɴɪɫɟɬɟ ɫɟɪɜɢɡ ɧɚ $/ .
PAGE 145
+7 +7 %* (* Ⱦɟɤɥɚɪɚɰɢɹ ɡɚ ɫɴɨɬɜɟɬɫɬɜɢɟ ɋ ɧɚɫɬɨɹɳɨɬɨ ɞɟɤɥɚɪɢɪɚɦɟ ɱɟ ɬɨɡɢ ɩɪɨɞɭɤɬ ɜ ɧɚɲɟɬɨ ɢɡɩɴɥɧɟɧɢɟ ɨɬɝɨɜɚɪɹ ɧɚ ɢɡɢɫɤɜɚɧɢɹɬɚ ɧɚ ɯɚɪɦɨɧɢɡɢɪɚɧɢɬɟ ɟɜɪɨɩɟɣɫɤɢ ɞɢɪɟɤɬɢɜɢ ɫɬɚɧɞɚɪɬɢ ɧɚ ȿɋ ɢ ɧɚ ɫɩɟɰɢɮɢɱɧɢɬɟ ɫɬɚɧɞɚɪɬɢ Ɋɫɩɣɢɝɩɟɣɭɠɦ $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] Ɋɫɠɟɬɭɛɝɣɭɠɦ $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 146
)RDUIHFă GH JUăGLQă $/ .
PAGE 147
+7 +7 52 3UH]HQWDUHD JHQHUDOĄ D SURGXVXOXL 1 2 3 4 5 9 10 8 6 7 &XĠLW &DEOX GH VLJXUDQĠă 3URWHFĠLH SHQWUX PkLQL 6LVWHP VXVĠLQHUH FDEOX 0DQHWă IDĠă FX vQWUHUXSăWRU ùXUXEXUL PRQWDM VLVWHP SURWHFĠLH SHQWUX PkLQL &XPSăQă &DSDF SURWHFĠLH FXĠLW 0DQHWă VSDWH FX vQWUHUXSăWRU ,QVWUXFĠLXQL &DEOX GH VLJXUDQĠă P GRDU OD +7 6DIHW\ &XW ÍQVHPQĄWDWHD VLPEROXULORU GH SH DSDUDW 3XUWDĠL RFKHODUL GH SURWHFĠLH $WHQĠLH $YHĠL JULMă OD PDQLSXODUH &LWLĠL PD
PAGE 148
)RDUIHFă GH JUăGLQă $/ .
PAGE 149
+7 +7 0RQWDUH 6LPEROXO &DPHUă IDFH WULPLWHUH OD ¿JXULOH GH SH SDJLQD )L[DĠL VLVWHPXO GH SURWHFĠLH SHQWUX PkLQL GH FDUFDVă FX úXUXEXULOH DOăWXUDWH 7UHFHĠL FDEOXO SUHOXQJLWRU SULQ VLVWHPXO GH VXSRUW FDEOX 2SHUDUHD $WHQġLH 3HULFRO GH DFFLGHQWDUH $SDUDWXO DUH YRLH Vă ¿H IRORVLW GRDU GXSă R PRQ WDUH FRPSOHWă 5HVSHFWDĠL LQVWUXFĠLXQLOH GH VLJXUDQĠă OD RSHUDUH 52 5HYL]LH ûL vQWUHġLQHUH $WHQġLH SHULFRO GH HOHFWURFXWDUH ÌQDLQWHD RULFăURU OXFUăUL GH vQWUHĠLQHUH VD
PAGE 150
)RDUIHFă GH JUăGLQă $/ .2 5HPHGLHUL OD GHIHFġLXQL 'HIHFġLXQH &DX]Ą SRVLELOĄ 6ROXġLH $SDUDWXO QX IXQFĠLRQHD]ă /LSVă WHQVLXQH GH DOLPHQWDUH 9HUL¿FDĠL VLJXUDQĠD WDEORXOXL FDEOXO SUHOXQ JLWRU &DEOXO DSDUDWXOXL H GHIHFW &RQWDFWDĠL XQLWDWHD GH VHUYLFH $/ .2 &DEOXO SUHOXQJLWRU H GHWHULRUDW 9HUL¿FDĠL FDEOXO SUHOXQJLWRU ÌQWUHUXSăWRUXO 3RUQLW 2SULW GHIHFW &RQWDFWDĠL XQLWDWHD GH VHUYLFH $/ .2 (URDUH LQWHUQă &RQWDFWDĠL XQLWDWHD GH VHUYLFH $/ .
PAGE 151
+7 +7 52 'HFODUDĠLH GH FRQIRUPLWDWH &( 3ULQ DFHDVWD JDUDQWăP Fă DFHVW SURGXV vQ YDULDQWD SXVă GH QRL vQ FLUFXODĠLH FRUHVSXQGH FRQGLĠLLORU GLUHFWLYHORU 8( DUPRQL]DWH VWDQGDUGHORU 8( SUHFXP úL VWDQGDUGHORU VSHFL¿FH SURGXVXOXL 3URGXFĄWRU $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] ÍPSXWHUQLFLW $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 152
ȀȜĮįİȣĲȒȡȚ șȐȝȞȦȞ $/ .
PAGE 153
+7 +7 *5 ǽʍțĲȜȪʍșĲș ʍȢȡȨȪȟĳȡȣ 1 2 3 4 5 9 10 8 6 7 ȁİʌȓįĮ țȠʌȒȢ ȀĮȜȫįȚȠ ĮıĳĮȜİȓĮȢ ȆȡȠıĲĮıȓĮ ȖȚĮ ĲĮ ȤȑȡȚĮ ǹȞĮțȠȣĳȚıĲȚțȩ țĮĲĮʌȩȞȘıȘȢ țĮȜȦįȓȠȣ ȂʌȡȠıĲȚȞȒ ȜĮȕȒ ʌİĲĮȜȦĲȠȪ ıȤȒȝĮĲȠȢ ȝİ ʌȜȒțĲȡȠ ȤİȚȡȚıȝȠȪ ȀȠȤȜȓİȢ ıȣȞĮȡȝȠȜȩȖȘıȘȢ ʌȡȠıĲĮıȓĮȢ ȖȚĮ ĲĮ ȤȑȡȚĮ ǹȜĳȐįȚ ȆȡȠıĲĮĲİȣĲȚțȩ țȐȜȣȝȝĮ ȜİʌȓįĮȢ țȠʌȒȢ ȆȓıȦ ȜĮȕȒ ʌİĲĮȜȦĲȠȪ ıȤȒȝĮĲȠȢ ȝİ ʌȜȒțĲȡȠ ȤİȚȡȚıȝȠȪ ȅįȘȖȓİȢ ȤȡȒıȘȢ ȀĮȜȦįȚȠ ĮıĳĮȜİȓĮȢ P ȝȩȞȠ ıĲȘȞ ȑțįȠıȘ +7 6DIHW\ &XW ȉșȞįĲȔį ĳȧȟ ĲȤȞȖȪȝȧȟ ıʍȑȟȧ Ĳĳș Ȟșȥį
PAGE 154
ȀȜĮįİȣĲȒȡȚ șȐȝȞȦȞ $/ .
PAGE 155
+7 +7 ȉȤȟįȢȞȡȝȪȗșĲș ȉȠ ıȪȝȕȠȜȠ ĲȘȢ țȐȝİȡĮȢ ʌĮȡĮʌȑȝʌİȚ ıĲȚȢ İȚțȩȞİȢ ĲȘȢ ıİȜȓįĮȢ ȈĲİȡİȫıĲİ ĲȘȞ ʌȡȠıĲĮıȓĮ ȖȚĮ ĲĮ ȤȑȡȚĮ ȝİ ĲȠȣȢ ıȣȞȠįİȣĲȚțȠȪȢ țȠȤȜȓİȢ ıĲȠ ʌİȡȓȕȜȘȝĮ ȆİȡȐıĲİ ĲȠ țĮȜȫįȚȠ ʌȡȠȑțĲĮıȘȢ ȝȑıĮ Įʌȩ ĲȠ ĮȞĮțȠȣĳȚıĲȚțȩ țĮĲĮʌȩȞȘıȘȢ ȌıțȢțĲȞȪȣ ȇȢȡĲȡȥȓ ȁȔȟİȤȟȡȣ ĳȢįȤȞįĳțĲȞȡȫ Ǿ ıȣıțİȣȒ İʌȚĲȡȑʌİĲĮȚ ȞĮ ȜİȚĲȠȣȡȖİȓ ȝȩȞȠ ȝİ ȩȜĮ ĲĮ İȟĮȡĲȒȝĮĲȐ ĲȘȢ ıȣȞĮȡȝȠȜȠȖȘȝȑȞĮ ȁȐȕİĲİ ȣʌȩȥȘ ıĮȢ ĲȚȢ ȣʌȠįİȓȟİȚȢ ĮıĳĮȜİȓĮȢ ȖȚĮ ĲȠ ȤİȚȡȚıȝȩ ȈȣȞįȑıĲİ ĲȠ ȘȜİțĲȡȚțȩ țĮȜȫįȚȠ ıĲȠ įȓțĲȣȠ ȘȜİțĲȡȚ
PAGE 156
ȀȜĮįİȣĲȒȡȚ șȐȝȞȦȞ $/ .2 ǻȡȓȚıțį Ĳı ʍıȢȔʍĳȧĲș ȖȝįȖȬȟ ǻȝȑȖș ȇțȚįȟȓ įțĳȔį ǺȟĳțȞıĳȬʍțĲș Ǿ ıȣıțİȣȒ įİȞ ȜİȚĲȠȣȡȖİȓ ǻİȞ ȣʌȐȡȤİȚ ĲȡȠĳȠįȠıȓĮ ȡİȪȝĮĲȠȢ ǼȜȑȖȟĲİ ĲȘȞ ĮıĳȐȜİȚĮ ĲȠȣ ıʌȚĲȚȠȪ ĲȠ țĮȜȫįȚȠ ʌȡȠȑțĲĮıȘȢ ȀĮȜȫįȚȠ ıȣıțİȣȒȢ țĮĲİıĲȡĮȝȝȑȞȠ ǼʌȚțȠȚȞȦȞȒıĲİ ȝİ ĲȘȞ ĮȞĲȚʌȡȠıȦʌİȓĮ ıȑȡȕȚȢ ĲȘȢ $/ .2 Ǿ ıȣıțİȣȒ ȜİȚĲȠȣȡȖİȓ ȝİ ȉȠ țĮȜȫįȚȠ ʌȡȠȑțĲĮıȘȢ ȑȤİȚ țĮĲĮıĲȡĮĳİȓ įȚĮțȠʌȑȢ ȅ įȚĮțȩʌĲȘȢ 2Q 2II ȑȤİȚ ȣʌȠıĲİȓ ȕȜȐȕȘ ǼȜȑȖȟĲİ ĲȠ țĮȜȫįȚȠ ʌȡȠȑțĲĮıȘȢ ǼʌȚțȠȚȞȦȞȒıĲİ ȝİ ĲȘȞ ĮȞĲȚʌȡȠıȦʌİȓĮ ıȑȡȕȚȢ ĲȘȢ $/ .
PAGE 157
+7 +7 *5 ǻȒȜȦıȘ ıȣȝȝȩȡĳȦıȘȢ ǼȀ ǻȚȐ ĲȘȢ ʌĮȡȠȪıȘȢ ȕİȕĮȚȫȞȠȣȝİ ȩĲȚ ĲȠ ʌĮȡȩȞ ʌȡȠȧȩȞ ıĲȘȞ ȑțįȠıȘ ȝİ ĲȘȞ ȠʌȠȓĮ ĲȠ șȑĲȠȣȝİ ıİ țȣțȜȠĳȠȡȓĮ ıĲȘȞ ĮȖȠȡȐ ıȣȝȝȠȡĳȫȞİĲĮȚ ȝİ ĲȚȢ ĮʌĮȚĲȒıİȚȢ ĲȦȞ İȞĮȡȝȠȞȚıȝȑȞȦȞ ȠįȘȖȚȫȞ ĲȘȢ Ǽ Ǽ ĲĮ ʌȡȩĲȣʌĮ ĮıĳĮȜİȓĮȢ ĲȘȢ Ǽ Ǽ țĮșȫȢ țĮȚ ĲĮ ʌȡȩĲȣʌĮ ʌȠȣ ĮĳȠȡȠȪȞ ĲȠȞ ıȣȖțİțȡȚȝȑȞȠ ĲȪʌȠ ʌȡȠȧȩȞĲȠȢ ȁįĳįĲȜıȤįĲĳȓȣ $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W] ǽȞʍȡȢțȜȪȣ įȟĳțʍȢȪĲȧʍȡȣ $QWRQ (EHUOH ,FKHQKDXVHU 6WU ' .
PAGE 158
$/ .2 oLW NHVPH PDNLQDVÕ (O .
PAGE 159
+7 +7 75 hUQ J|UQP 1 2 3 4 5 9 10 8 6 7 .HVPH EÕoD÷Õ (PQL\HW NDEORVX (O NRUXPDVÕ 0DQGDO 7XúOX |Q WXWDPDN (O NRUXPDVÕ PRQWDM FÕYDWDODUÕ 6X WHUD]LVL .HVPH EÕoD÷Õ NRUX\XFX PXKDID]D 7XúOX DUND WXWDPDN .XOODQÕP NÕODYX]X (PQL\HW NDEORVX P VDGHFH +7 6DIHW\ &XW ROGX÷XQGD &LKD] ]HULQGHNL VHPEROOHULQ DQODPODUÖ .RUX\XFX J|]ON NXOODQÕQ 'LNNDW .XOODQÕUNHQ oRN GLNNDWOL ROXQ .XOODQÕP NÕODYX]XQX RNX\XQ YH DUGÕQGDQ LúH EDúOD\ÕQ .
PAGE 160
$/ .2 oLW NHVPH PDNLQDVÕ 7HNQLN 9HULOHU 7HNQLN 9HULOHU +7 %DVLF &XW +7 6DIHW\ &XW *o DOÕúÕ : : %ÕoDN X]XQOX÷X PP PP .HVPH JF PP PP 7RSODP D÷ÕUOÕN NJ NJ .ROGDNL WLWUHúLP GH÷HUOHUL P Vð P Vð ùHEHNH JHULOLPL 9a 9 +] 9a 9 +]
PAGE 161
+7 +7 0RQWDM .DPHUD VHPERO VD\IDGDNL UHVLPOHUH LúDUHW HGHU (O NRUXPDVÕQÕ LOLúLNWHNL FÕYDWDODUOD J|YGH\H VDELW OH\LQ 8]DWPD NDEORVXQX PDQGDOÕQ DUDVÕQGDQ JHoLULQ 75 2QDUÖP YH EDNÖP 'LNNDW $NÖP QHGHQL\OH WHKOLNH 7P EDNÕP YH NRUXPD oDOÕúPDODUÕQGDQ |QFH GDLPD úHEHNH ¿úLQL oHNLQ 'LNNDW
PAGE 162
$/ .2 oLW NHVPH PDNLQDVÕ $UÖ]DGD \DUGÖP $UÖ]D 2ODVÖ VRUXQ d|]P &LKD] oDOÕúPÕ\RU $NÕP EHVOHPHVL \RN (Y VLJRUWDVÕQÕ X]DWPD NDEORVXQX NRQWURO HGLQ &LKD] NDEORVX DUÕ]DOÕ $/ .2 VHUYLV QRNWDVÕQÕ ]L\DUHW HGLQ 8]DWPD NDEORVX KDVDUOÕ 8]DWPD NDEORVXQX NRQWURO HGLQ $o .DSDW úDOWHUL DUÕ]DOÕ $/ .2 VHUYLV QRNWDVÕQÕ ]L\DUHW HGLQ 'DKLOL KDWDODU $/ .2 VHUYLV QRNWDVÕQÕ ]L\DUHW HGLQ 0RWRU oDOÕúÕ\RU EÕoDNODU KDUHNHW HWPL\RU 'DKLOL KDWDODU $/ .
PAGE 163
+7 +7 75 (* X\JXQOXN DoÕNODPDVÕ %X YHVLOH\OH WDUDIÕPÕ]GDQ SL\DVD\D VXQXODQ PRGHOGHNL EX UQQ $% VWDQGDUWODUÕ $% JYHQOLN VWDQGDUWODUÕ YH UQH |]J VWDQGDUWODU DOWÕQGDNL NDUPD WDOHSOHUL NDUúÕODGÕ÷ÕQÕ ELOJLOHULQL]H VXQPDN LVWHUL] hUHWLFL $/ .2 *HUlWH *PE+ ,FKHQKDXVHU 6WU ' .|W]
PAGE 164
Basiccut Safetycut 411591 HT550 411583 HT440 411594 (15) 411588 HT 440 HT 550 411590 411595 (18) 411706 Art.-Nr. 112679 Art.-Nr. 112680 411596 (6) 411589 411585 411587 411597(2) 411584 a 08.
PAGE 165
PAGE 166
Country Company Telephone Fax A AL-KO Kober Ges.m.b.H. (+43) 35 78 / 2 5152 27 (+43) 35 78 / 2515 38 AUS AL-KO International PTY. LTD (+61) 3 / 97 67- 3700 (+61) 3 / 97 67- 3799 B/L Eurogarden NV (+32)16 / 80 54 27 (+32)16 /80 54 25 BG Valerii S&M Group SJ (+359) 2 942 34 02 (+359) 2 942 34 10 CH AL-KO Kober AG (+41) 56 / 418 3150 (+41) 56 / 418 3160 CZ AL-KO Kober Spol.sr.o.