&/ *OTUBMMBUJPO 6TFS *OTUSVDUJPOT 8BSSBOUZ '3 *OTUSVDUJPOT EF NPOUBHF .PEF E FNQMPJ (BSBOUJF &4 *OTUSVDDJPOFT EF NPOUBKF .BOFKP (BSBOUÅB 4UBSDL 4UBSDL 9 6SRVJPMB 99 99 YY $JUUFSJP $JUUFSJP . .BTTBVE 99 99 99 4UFFM 6OP .
99 99 99 99 99 99
99 99 99 99 99 99 3
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p p *M DPOWJFOU ¸ VOF JOTUBMMBUJPO ¸ VOF GPODUJPO DPNNF VOF QPNNF EF EPVDIF PV VOF EPVDIFUUF 4J WPVT EÁTJSF[ VOF EPVDIF CBJHOPJSF JOTUBMMF[ FO DPNCJOBJTPO BWFD VO CFD EF CBJHOPJSF JOWFSTFVS p $POTFSWF[ DF MJWSFU FU MF SF¿V PV VOF BVUSF QSFVWF TVS MBRVFMMF ÙHVSFOU MB EBUF FU MmFOESPJU EF MmBDIBU QPVS DF QSPEVJU EBOT VO FOESPJU TÓS -F SF¿V FTU SFRVJT TJ WPVT DPNNBOEF[ EFT QJÀDFT TPVT HBSBOUJF $POTJEFSBDJPOFT QBSB MB JOTUBMBDJËO p p p p p 1BSB PCUFOFS NFKPSFT SFTVMUBEPT )BOTHSPIF
&OHMJTI 'MVTI UIF IPU BOE DPME TVQQMJFT 3FNPWF UIF DPWFS 0QFO UIF DPME TUPQ VTJOH B NN "MMFO XSFODI 2. 4. "MMPX UIF DPME TVQQMZ UP ÚVTI GPS BU MFBTU ÙWF NJOVUFT NN $MPTF UIF DPME TUPQ 2. 4. 1. 3. 3FNPWF UIF ÚVTIJOH CMPDL VTJOH B NN "MMFO XSFODI 5VSO JU BOE SFJOTUBMM 0QFO UIF IPU TUPQ 3. "MMPX UIF IPU TVQQMZ UP ÚVTI GPS BU MFBTU NJOVUFT $MPTF UIF IPU TUPQ 1. 6 2. 4.
'SBO¿BJT 3JODF[ MFT DPOEVJUFT EmBMJNFOUBUJPO EF MmFBV DIBVEF FU EF MmFBV GSPJEF 3FUJSF[ MmÁUJRVFUUF 0VWSF[ MmFBV GSPJEF ¸ MB CVUÁF E BSSÂU E JTPMBUJPO ¸ MmBJEF EmVOF DMÁ IFYBHPOBMF EF NN 3JODF[ MF DPOEVJUF EF MmFBV GSPJEF QPVS BV NPJOT NJOVUFT &TQBÉPM -BWF MPT TVNJOJTUSPT GSÅP Z DBMJFOUF 3FUJSF MB FUJRVFUB "CSB FM QBTP EFM BHVB GSÅB FO FM DJFSSF EF TFSWJDJP DPO VOB MMBWF "MMFO EF NN -BWF FM TVNJOJTUSP EF BHVB GSÅB QBSB QPS MP NFOPT DJODP NJOVUPT $JFSSF FM QBTP EFM
&OHMJTI *OTUBMMBUJPO 3FNPWF UIF MBCFM $MPTF UIF TUPQT VTJOH B NN "MMFO XSFODI NN $VU UIF QMBTUFS TIJFME TP UIBU JU FYUFOET ØĬı Ğ GSPN UIF ÙOJTIFE XBMM TVSGBDF 4FBM UIF XBMM BSPVOE UIF QMBTUFS TIJFME XJUI XBUFSQSPPG TFBMBOU 'BJMVSF UP TFBM UIF XBMM DBO MFBE UP QPTTJCMF XBUFS EBNBHF 3FNPWF UIF ÚVTI JOTFSU TDSFX ÚVTI JOTFSU BOE TFBMT 8
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&OHMJTI *OTUBMM UIF GVODUJPO CMPDL 5JHIUFO UIF TDSFXT VTJOH B NN "MMFO XSFODI .
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&OHMJTI 0QFO UIF TUPQT VTJOH B NN "MMFO XSFODI NN 0QFO UIF TUPQT *OTUBMM UIF DBSSJFS QMBUF *OTUBMM UIF DBSSJFS QMBUF TDSFXT 3FNPWF UIF EJTL 1MBDF UIF IBOEMF PWFS UIF TUFN 5VSO UIF IBOEMF DPVOUFS DMPDLXJTF BT GBS BT JU XJMM HP .
'SBO¿BJT &TQBÉPM 0VWSF[ MmFBV ¸ MFT CVUÁFT E BSSÂU E JTPMBUJPO ¸ MmBJEF EmVOF DMÁ IFYBHPOBMF EF NN "CSB FM QBTP EFM BHVB FO MPT DJFSSFT EF TFSWJDJP DPO VOB MMBWF "MMFO EF NN *OTUBMMF[ MB QMBRVF TVQQPSU *OTUBMF MB QMBDB EFM QPSUBEPS *OTUBMMF[ MFT WJT EF MB QMBRVF TVQQPSU *OTUBMF MPT UPSOJMMPT EF MB QMBDB EFM QPSUBEPS 3FUJSF[ MF EJTRVF 3FUJSF FM EJTDP 1MBDF[ FOTVJUF MB QPJHOÁF TVS MB UJHF $PMPRVF MB NBOJKB FO MB FTQJHB 5PVSOF[ MB NBOFUUF EBOT MF TFOT BOUJIPS
&OHMJTI -VCSJDBUF UIF DBSUSJEHF P SJOH VTJOH B TNBMM BNPVOU PG XIJUF QMVNCFS T HSFBTF *OTUBMM UIF TMFFWF *OTUBMM UIF FTDVUDIFPO *OTUBMM UIF IBOEMF 5JHIUFO UIF IBOEMF TDSFX *OTUBMM UIF TDSFX DPWFS NN 14
'SBO¿BJT &TQBÉPM -VCSJÙF[ MB KPJOU UPSJRVF TVS MB DBSUPVDIF BWFD VOF QFUJUF RVBOUJUÁ EF HSBJTTF EF QMPNCFSJF CMBODIF -VCSJRVF MB KVOUB EFM DBSUVDIP DPO VOB QFRVFÉB DBOUJEBE EF HSBTB CMBODB QBSB QMPNFSÅB *OTUBMMF[ MF NBODIPO *OTUBMF FM NBOHVJUP *OTUBMMF[ MmÁDVTTPO *OTUBMF FM FTDVEP *OTUBMMF[ MB QPJHOÁF *OTUBMF MB NBOJKB 4FSSF[ MB WJT EF MB QPJHOÁF "QSJFUF FM UPSOJMMP *OTUBMMF[ MB DBDIF WJT *OTUBMF FM UBQËO 15
&OHMJTI 3FWFSTF UIF DBSUSJEHF *G UIF WBMWF PQFOT UISPVHI IPU SFWFSTF UIF DBSUSJEHF NN $MPTF UIF TUPQT VTJOH B NN "MMFO XSFODI PS UVSO UIF XBUFS Pì BU UIF NBJO 6OTDSFX UIF OVU 1MBDF UIF IBOEMF PO UIF DBSUSJEHF TUFN 5VSO UIF IBOEMF DPVOUFS DMPDLXJTF BQQSPYJNBUFMZ UVSO BGUFS IJUUJOH UIF TUPQ 3FNPWF UIF DBSUSJEHF %P OPU BUUFNQU UP QSZ UIF DBSUSJEHF GSPN UIF GVODUJPO CMPDL CZ VTJOH B TDSFXESJWFS PS EBNBHF UP UIF DBSUSJEHF XJMM SFTVMU 5VSO UIF DBSUSJE
'SBO¿BJT &TQBÉPM *OWFSTF[ MB DBSUPVDIF *OWJFSUB FM DBSUVDIP 4J MF SPCJOFU TmPVWSF FO GBJTBOU DPVMFS MmFBV DIBVEF JOWFSTF[ MB DBSUPVDIF 4J MB W¹MWVMB BCSF FO DBMJFOUF JOWJFSUB FM DBSUVDIP 'FSNF[ MFT CVUÁFT ¸ MmBJEF EmVOF DMÁ IFYBHPOBMF EF NN $JFSSF MPT UPQFT VUJMJ[BOEP VOB MMBWF "MMFO EF NN %FTFOSPTRVF MB UVFSDB %ÁWJTTF[ MmÁDSPV 1MBDF[ MB QPJHOÁF TVS MB UJHF EF MB DBSUPVDIF $PMPRVF MB NBOJKB FO FM W¹TUBHP EFM DBSUVDIP (JSF MB NBOJKB FO TFOUJEP BOUJIPSBSJP (JSF B
&OHMJTI "EKVTU UIF 3PUBUJPOBM -JNJU 4UPQ "EKVTU UIF SPUBUJPOBM MJNJU TUPQ JG p p 5IF NBYJNVN PVUQVU UFNQFSBUVSF JT HSFBUFS UIBO ' PS UIBU QFSNJUUFE CZ MPDBM QMVNCJOH DPEF 5IF UFNQFSBUVSF PG UIF JODPNJOH IPU PS DPME XBUFS TVQQMZ DIBOHFT TFBTPOBMMZ PS JG DIBOHFT BSF NBEF UP UIF XBUFS IFBUFS 5VSO UIF SPUBUJPOBM MJNJU TUPQ DMPDLXJTF UP NBLF UIF XBUFS DPPMFS DPVOUFS DMPDLXJTF UP NBLF JU XBSNFS %FQFOEJOH PO MPDBM DPOEJUJPOT FBDI OPUDI SFQSF TFOUT B DIBOHF JO UFNQFSBUVSF PG ' ' $POUJO
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3FQMBDFNFOU 1BSUT 1JÀDFT EÁUBDIÁFT 3FQVFTUPT YY YY YY YY PQUJPOBM 99 20 'JOJTIFT $PVMFVST "DBCBEPT DISPNF PJM SVC CSPO[F CSVTIFE OJDLFM QPMJTIFE OJDLFM SVCCFE CSPO[F YY PQUJPOBM YY PQUJPOBM PQUJPOBM
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6UJMJTF[ MB RVBOUJUÁ EF QSPEVJU OFUUPZBOU FU SFTQFDUF[ MB EVSÁF SFDPNNBOEÁF QBS MF GBCSJDBOU /F /F MBJTTF[ QBT MF QSPEVJU TVS MFT /F MBJTTF[ QBT MF QSPEVJU TVS MFT BSUJDMFT EF SPCJOFUUFSJF QMVT MPOHUFNQT RVF OÁDFTTBJSF p 6O OFUUPZBHF SÁHVMJFS QFVU QSÁWFOJS MB GPSNBUJPO EF EÁQÌUT DBMDBJSFT /F /F WBQPSJTF[ KBNBJT EJSFDUF WBQPSJTF[ KBNBJT EJSFDUF p 4J WPVT VUJMJTF[ EFT OFUUPZBOUT FO WBQPSJTBUFVS WBQPSJTF[ EmBCPSE TVS VOF ÁQPOHF PV VO DIJñPO /F NFOU TVS VO SPCJOFU EFT HPVUUFMFUUFT QPVSSBJFOU TmJOÙM
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