*9001134419* Ø Ù Ú Û Þ á â é ë ì í î ô 0RQWDJHDQOHLWXQJ ̲͉͇͓͆́ͅ ͇͕͔͕͔͉͓͌̓̾̓ͅ ,QVWDOODWLRQ LQVWUXFWLRQV ,QVWUXFFLRQHV GH PRQWDMH 1RWLFH GH PRQWDJH 6]HUHOpVL ~WPXWDWy ,VWUX]LRQL SHU LO PRQWDJJLR ,QVWDOODWLHYRRUVFKULIW ,QVWUXNFMD PRQWDŰX ,QVWUXo}HV GH PRQWDJHP ,QVWUXFŘLXQL GH PRQWDM Ημπροςιυηώ ξν λνμρίες 0RQWDM N×ODYX]X ¸ ¸ ¸ PLQ PLQ PLQ PLQ ¸ ¸ PLQ PLQ PLQ PLQ a a ¸ PL
PD[ PLQ PLQ PD[ PLQ PLQ PLQ PLQ [ PLQ PD[
D PD[ 9 9 a / 1 9 9
D D D / / D D D D / = /
E E 0 E 0 0 0 0 0 E 0 E 0 0 0 0 E E 0 E 0 <
$ % 0
V V 4Q N: P K J K = PP < PP 0 % % % * % * % *
JDV PEDU * * * * * * * * * * 4Q N: P K J K = PP < PP 0 RSHQ % % % % % % RSHQ $ $ $
de =XU )L[LHUXQJ GHV *HUlWV DP (LQEDXP|EHO 'UHKHQ 6LH GDV .RFKIHOG LQ GLH ULFKWLJH 3RVLWLRQ /RFNHUQ 6LH GLH 6FKUDXEHQ GHU .ODPPHUQ ELV VLH IUHL GUHKHQ (V LVW QLFKW Q|WLJ GLH 6FKUDXEHQ GHU .ODPPHUQ YROOVWlQGLJ ]X O|VHQ /HJHQ 6LH GDV .RFKIHOG LQ GHQ $UEHLWVSODWWHQDXVVFKQLWW XQG ULFK WHQ 6LH HV ]HQWULHUW DXV 'UFNHQ 6LH GDV *DVNRFKIHOG DQ GHQ 6HLWHQ QDFK XQWHQ ELV HV NRPSOHWW DQ GHQ 5lQGHUQ DXIOLHJW 'UHKHQ 6LH GLH .ODPPHUQ XQG VFKUDXEHQ 6LH VLH JUQGOLFK IHVW 'LH 6FKUDXEHQ GHU .
$XVWDXVFK GHU 'VHQ YRQ GRSSHOIODPPLJHQ %UHQQHUQ )U GHQ $XVWDXVFK GHU 'VHQ LVW HV HUIRUGHUOLFK GLH *ODVSODWWH PLW GHQ 3URILOHQ GHV *HUlWV DXV]XEDXHQ 'LH *ODVSODWWH LVW PLW GHP 5HVW GHV .RFKIHOGHV GXUFK HLQ &OLSV\VWHP YHUEXQGHQ $XVEDX GHU *ODVSODWWH PLW GHQ 3URILOHQ $EE 1HKPHQ 6LH DOOH 7RSIWUlJHU %UHQQHUGHFNHO %UHQQHUULQJH E]Z %UHQQHUNHOFKH DE /|VHQ 6LH GLH 6FKUDXEHQ GHU %UHQQHU 9HUZHQGHQ 6LH GHQ 'HPRQWDJHKHEHO GHU EHU XQVHUHQ .
̲̈́ ͍͈͛͊͌̈́͐ ͈͔̻͈̈́͌̈́̈́͐ ̈́͏͂̀͑̾̀͐ ́̈́͏͈͉͌͑͒̈́͜ ͈͒͐ ͈͔̻͈̈́͌̈́̈́͐ ͉͎̽͐ ͋̈́ ͈͋̀ ͈͈͉̈́̓̽ ͉͚͊͊̀ ͈͂̀ ͌̀ ͈͔̓̀͑̀͊̾͑̈́͒̈́ ͒͆ ͚͑͒̈́͂̀͌͒͆͒̀ ͎͓͒͐ ̨͕͔͕͔͉͌̓̾̓ͅ ͕͉͓ ͔͖͔͇͖͓͌̀ ̨͋͌ ̷͇͉͆͋͐͝ ̤͈̀ ͒͆͌ ͎͎͇̼͒͒͆͑͆ ͒͆͐ ̻́͑͆͐ ͈̈́͑͒͌͜ ͕͏͈͎͎͈͆͑͋̽͑͒̈́ ͏͎͓͈͉̻͑͒̀͒̈́͒ ̻͈͂͌͒̀ ̯͈ ́͏͕͎̀̾͌̈́͐ ͉͈̀ ͎͒ ͈͉͚͑͒̈́͂̀͌͗͒ ̀͏̼͓͋́͑͋̀ ͉̻͒͗ ͒͋̽͋̀ ͒͆͐ ̻́͑͆͐ ͈̈́͑͒͌͜ ͈̈́̾͌̀ ͎͎͇̼͒̈́͒͆͋͌̀ ̽̓͆ ͉̻̀͒ ͒͆͌ ̼͍͎͎̓ ͚̀ ͎͒ ̈́͏͎̻͈͎͂͑͒͑ ̬͆͌ ͒̀ ͔͈̀̀͏̈́̾͒̈́ ͓͚ ͎͎͈͎̀̓̽͒̈́ ͓͇͉͑͌̽͆ ̳͎ ͈͉͚͑͒̈́͂̀͌͗͒ ̀͏̼͓͋́͑͋̀ ͎͈̈́͋̓̾̈́ͅ ͈͒͐ ͈̓̀͏͏͎̼͐ ̤͈̀ ͒͆ ͇͑͒̀̈́͏͎͎̾͆͑͆ ͒͆͐ ͓͉͓͑͑̈́̽͐ ͎͑͒ ͎͈͕͈͚̈́͌͒ͅ
̣͈͇̈́́̀͗̈́̾͒̈́ ͚͈͒ ͉̻̀͒ ͎͒ ͂͛͏͈͑͋̀ ͎͓͒ ͈͉͚̓̀͒͆ ͕͈̈́͏͈͎͑͋͛ ͍͋̈́͒̀͛ ͒͆͐ ͋̈́͂̀͊͛͒̈́͏͆͐ ͉͈̀ ͒͆͐ ͈͉͋͏͚͒̈́͏͆͐ ͇́̀͋̾̓̀͐ ͎ ͉͓̀͑͒̽͏̀͐ ̓̈́ ͈͑́̽͑̈́ ͉͈̀ ̓̈́͌ ͔͈̈́͋̀͌̾̈́͒̀ͅ ͈͋̀ ͈̀͌͒̈́͑͒͏͎͔̽ ͔͚͊͂̀͐ ̵͖͏͎͍͉͔͉̓͒͑͝ͅ ͕͉͓ ͉͍͇͕͌͒͑͏͓͋͌̀ ͕͓͌̾͒̓ ͌̓͋ ͕͖͑ ͍͎͎͕͓͌̓̓͑͞ ̥͌̈́͏͂̽͑͒̈́ ͋̈́ ͒͆͌ ͇̀͌͒̾̈́͒͆ ͈͑̈́͏̻ ͒͆͐ ͎͓̀͑͌̀͏͎͚͋͊͂͆͑͆͐ ̬͆͌ ͎͓̀͑͌̀͏͎͎͋͊͂̽͑̈́͒̈́ ͎̼͒ ͎͒͌ ̻͍͎͌̀ ͒͆͐ ̻́͌̀͐ ̀̈́͏͎͓̾ ̲͒͆͌ ̈́͏̾͒͗͑͆ ͈͋̀͐ ͈̻͆͋͐ͅ ͒͗͌ ͓͈͉͑͑͒̀͒͌͜ ͒͆͐ ̻́͌̀͐ ̀̈́͏͎͓̾ ͈͉̀͌͒̀͒̀͑͒̽͑͒̈́ ͒͆͌ ̦͎̓͊͑͏͎͉͔͉͝ ͕͖͑ ͉͍͇͕͌͒͑͏͋͌͑͞ ͔͖͔͕͎͕͓̀̓͑ ̬͚͈͊͐ ͓͑͌̀͏͎͎͇͋͊͂͆̈́̾ ͆ ̼͌̀ ͓͉͓͑͑̈́̽ ͉̼̈́͒̈́͊͑͒̈́ ͒͆ ́
1HYHU UHPRYH WKH JDV YDOYH VKDIW ,Q WKH HYHQW RI GDPDJH WKH JDV YDOYH PXVW EH FRPSOHWHO\ UHSODFHG 5HPRYLQJ WKH JODVV SODWH ZLWK WKH FXW RXW SURILOHV ILJV 5HPRYH DOO SDQ VXSSRUWV EXUQHU FDSV EXUQHU ULQJV DQG EXUQHU FXSV 8QGR WKH VFUHZV RQ WKH EXUQHUV 8VH WKH UHPRYDO OHYHU ZKLFK LV DYDLODEOH IURP RXU DIWHU VDOHV es Û ,QVWUXFFLRQHV GH PRQWDMH VHUYLFH FRGH 8VH WKH OHYHU WR ORRVHQ WKH IURQW FOLS IDVWHQHU DW WKH SRLQW VKRZQ LQ ILJ GHSHQGLQJ RQ WKH KRE W\SH &DXWLRQ 2QO
8WLOLFH OD SDODQFD GH GHVPRQWDMH GLVSRQLEOH D WUDYpV GH QXHVWUR 3DUD OD ILMDFLyQ GHO DSDUDWR DO PXHEOH GH HQFDVWUDPLHQWR &RORTXH OD SODFD GH FRFFLyQ HQ VX SRVLFLyQ GH WUDEDMR 'HVDWRUQLOOH ODV JUDSDV KDVWD TXH JLUHQ OLEUHPHQWH 1R HV QHFHVDULR GHVDWRUQLOODU ODV JUDSDV WRWDOPHQWH (QFDVWUH \ FHQWUH OD SODFD GH FRFFLyQ 3UHVLRQH VREUH ORV H[WUHPRV KDVWD TXH VH DSR\H HQ WRGR VX SHUtPHWUR *LUH ODV JUDSDV \ DSULpWHODV D IRQGR /RV WRUQLOORV GH ODV JUDSDV GHEHQ HQWUDU HQ VHQWLGR SHUSHQGLFXO
fr Þ 1RWLFH GH PRQWDJH ,QGLFDWLRQV GH VpFXULWp /LVH] OHV LQVWUXFWLRQV GH O DSSDUHLO DYDQW GH SURFpGHU j VRQ LQVWDOODWLRQ HW j VRQ XWLOLVDWLRQ /HV LPDJHV GH FHWWH QRWLFH VRQW SURSRVpHV j WLWUH LQGLFDWLI /H IDEULFDQW HVW H[HPSW GH WRXWH UHVSRQVDELOLWp VL OHV LQVWUXFWLRQV GH FHWWH QRWLFH QH VRQW SDV UHVSHFWpHV &HW DSSDUHLO GRLW rWUH XWLOLVp XQLTXHPHQW GDQV GHV HQGURLWV VXIILVDPPHQW YHQWLOpV / DSSDUHLO QH GRLW SDV rWUH FRQQHFWp j XQ GLVSRVLWLI G pYDFXDWLRQ GHV SURGXLWV GH FRPEXVWLRQ 7RXV OHV WUDYDX[ G LQV
0RQWDJH GH OD FDUWH pOHFWURQLTXH HW GX FDFKH 3URFpGH] GDQV O RUGUH LQYHUVH GX GpPRQWDJH 1H GpPRQWH] MDPDLV O D[H GX URELQHW GH JD] (Q FDV G HQGRPPDJHPHQW GHV FRPSRVDQWV GX URELQHW GH JD] UHPSODFH] FH GHUQLHU &DOLEUDJH GH O pOHFWURQLTXH 'qV TXH OH QRXYHO DSSDUHLO HVW LQVWDOOp UpDOLVH] OH FDOLEUDJH GH O pOHFWURQLTXH VHORQ O LOOXVWUDWLRQ 1H GpPRQWH] MDPDLV O D[H GX URELQHW GH JD] (Q FDV G HQGRPPDJHPHQW LO IDXW UHPSODFHU OH URELQHW GH JD] FRPSOHW 'pPRQWDJH GH OD SODTXH GH YHUUH DYHF OHV SURILOV
$ NpV]OpN ]HPEH KHO\H]pV iEUD 8WDVtWiV $ IŌ]ŌIHOOHW EHpStWpVHNRU YLVHOMHQ YpGŌNHV]W\ŦW $ NDSFVRN pV D] |QWDSDGy W|PtWpV D IŌ]ŌIHOOHW DOVy V]pOpQ J\iULODJ IHO YDQ V]HUHOYH 6HPPLO\HQ N|UOPpQ\HN N|]|WW VH WiYROtWVD HO $] |QWDSDGy W|PtWpV PHJDNDGiO\R]]D D V]LYiUJiVW $ NpV]OpN U|J]tWpVpKH] EHpStWHWW E~WRUUD )RUJDVVD D IŌ]ŌIHOOHWHW D PHJIHOHOŌ KHO\]HWEH /D]tWVD PHJ D NDSFVRN FVDYDUMDLW KRJ\ V]DEDGRQ IRURJMDQDN 1HP V]NVpJHV D NDSFVRN FVDYDUMDLW WHOMHVHQ ROGDQL +HO\H]]H D IŌ]ŌIHOOHW
$] HOHNWURQLNDL NiUW\D pV D ERUtWiV IHOV]HUHOpVH +DMWVD YpJUH IRUGtWRWW VRUUHQGEHQ D OHV]HUHOpV OpSpVHLW 6RKD QH V]HUHOMH OH D Ji]FVDS WHQJHO\pW +D D Ji]FVDS DONDWUpV]HL PHJKLEiVRGQDN FVHUpOMH NL D]RNDW $] HOHNWURQLND NDOLEUiOiVD $] ~M NpV]OpN EHV]HUHOpVpW N|YHWŌHQ YpJH]]H HO D] HOHNWURQLND NDOLEUiOiViW D ] iEUiQDN PHJIHOHOŌHQ 6RKD QH V]HUHOMH OH D Ji]FVDS WHQJHO\pW 6pUOpV HVHWpQ D WHOMHV Ji]FVDSRW NL NHOO FVHUpOQL 6XL SLDQL GL ODYRUR LQ OHJQR ULILQLUH OH VXSHUILFL GL WDJOLR FRQ XQD FROOD V
,Q TXHVWL EUXFLDWRUL QRQ q QHFHVVDULR HIIHWWXDUH OD UHJROD]LRQH GHOO DULD SULPDULD &ROORFDUH L GLIIXVRUL H L FRSHUFKL GHL EUXFLDWRUL VXL FRUULVSRQGHQWL IXRFKL 6LVWHPDUH FRUUHWWDPHQWH OH JULJOLH 6RVWLWX]LRQH GHJOL XJHOOL GHL EUXFLDWRUL D GRSSLD ILDPPD 3HU OD VRVWLWX]LRQH GHJOL XJHOOL q QHFHVVDULR VPRQWDUH OD SLDVWUD LQ YHWUR FRQ L SURILOL GHOO DSSDUHFFKLR /D SLDVWUD LQ YHWUR q FROOHJDWD DO UHVWR GHO SLDQR GL FRWWXUD DWWUDYHUVR XQ VLVWHPD GL DJJDQFL 6PRQWDJJLR GHOOD SLDVWUD LQ YHWUR FRQ L SURILOL IL
PP YDQ GH EDVLV YDQ GH NRRNSODDW =R ZRUGW WRHJDQJ YHUPHGHQ WRW GH RQGHU]LMGH KLHUYDQ ,QGLHQ KHW HHQ JDVNRRNSODDW LV ZRUGW DDQEHYROHQ KHW VFKHLGLQJVVWXN RS GH]HOIGH DIVWDQG WH SODDWVHQ 9HUQLV YRRU KRXWHQ ZHUNYODNNHQ GH VQLMYODNNHQ PHW HHQ VSHFLDOH OLMP RP GH]H WH EHVFKHUPHQ WHJHQ YRFKW ,QVWDOODWLH YDQ KHW DSSDUDDW DIE $DQZLM]LQJ %LM KHW LQERXZHQ YDQ GH NRRNSODDW GLHQW X YHLOLJKHLGVKDQGVFKRHQHQ WH GUDJHQ 'H NOHPPHQ HQ GH OLMPGLFKWLQJ RQGHUVWH UDQG YDQ GH NRRNSODDW ]LMQ VWDQGDDUG DDQJHEUDFKW
$WWHQWLH 'H HOHNWURQLVFKH NDDUW YRRU]LFKWLJ EHKDQGHOHQ 0DDN JHEUXLN YDQ DQWLVWDWLVFKH EHYHLOLJLQJ RI SDN GH HOHNWURQLVFKH NDDUW DDQ GH UDQGHQ YDVW 1RRLW RSSHUYODNNHQ PHW RQGHUGHOHQ RI EDQHQ DDQUDNHQ 'H FLOLQGULVFKH RQGHUGHOHQ HQ YHUHQ LQ GH VFKDFKW YDQ GH JDVNUDDQ YHUZLMGHUHQ 5HJHOLQJ YDQ GH E\SDVV $IE =LH GH WDEHO $IE %\SDVVVFKURHYHQ 0 ]R QRGLJ PHW EHKXOS YDQ HHQ WRU[ VFKURHYHQGUDDLHU DDQSDVVHQ $IE $ 'H E\SDVVVFKURHYHQ GLHQHQ YDVW WH ZRUGHQ DDQJHGUDDLG % 'H E\SDVVVFKURHYHQ
3ã\W\ NXFKHQNL Vĉ GRVWDUF]DQH ZUD] ] SU]HZRGHP ]DVLODQLD ]DRSDWU]RQ\P ZH ZW\F]Nę OXE EH] QLHM 8U]ĉG]HQLD Z\SRVDŰRQH ZH ZW\F]Nę PRŰQD SRGãĉF]Dþ Z\ãĉF]QLH GR SXV]HN ] JQLD]GNLHP SRVLDGDMĉF\FK SUDZLGãRZR ]DLQVWDORZDQH X]LHPLHQLH 1DOHŰ\ SDPLęWDþ R ZLHORELHJXQRZ\P Z\ãĉF]QLNX RGFLQDMĉF\P ]DVLODQLH ] SU]\QDMPQLHM PLOLPHWURZ\P RGVWęSHP VW\NRZ\P QLH GRW\F]\ SRGãĉF]HQLD ]D SRPRFĉ ZW\F]NL JG\ MHVW RQD GRVWęSQD GOD XŰ\WNRZQLND =PLDQD URG]DMX JD]X -HŔOL ]H]ZDODMĉ QD WR SU]HSLV\ RERZLĉ]XMĉFH Z GDQ\P NUDMX XU]ĉG]
: 3HULJR GH IXJD 6H PDQLSXODU TXDOTXHU OLJDomR YHULILTXH D HVWDQTXHLGDGH 2 IDEULFDQWH QmR VH UHVSRQVDELOL]D VH DOJXPD OLJDomR DSUHVHQWDU IXJDV GHSRLV GH WHU VLGR PDQLSXODGD 2 FDER GH DOLPHQWDomR GHYH VHU IL[R DR PyYHO SDUD HYLWDU TXH HQWUH HP FRQWDFWR FRP DV SDUWHV TXHQWHV GR IRUQR RX GD SODFD GH FR]HGXUD 2V DSDUHOKRV FRP DOLPHQWDomR HOpFWULFD GHYHP VHU REULJDWRULDPHQWH OLJDGRV j WHUUD 1mR PDQLSXOH R LQWHULRU GR DSDUHOKR 6H QHFHVViULR FRQWDFWH R QRVVR 6HUYLoR GH $VVLVWrQFLD 7pFQLFD /LJDomR HOpFWU
6H R WLSR GH JiV R H[LJLU XVH R FOLSH SDUD UHJXODomR GD HQWUDGD GH DU SDUD DMXVWDU D GLVWkQFLD LQGLFDGD SDUD R YDORU < QD WDEHOD ILJ 0RQWDU R DSDUHOKR 0RQWH WRGRV RV FRPSRQHQWHV QD VHTXrQFLD LQYHUVD GD GHVPRQWDJHP % 5HJXODomR GDV WRUQHLUDV GH JiV 3DUD UHJXODU DV WRUQHLUDV GH JiV p QHFHVViULR GHVPRQWDU D FREHUWXUD GD SODFD GH FR]LQKDU D JiV H UHWLUDU R FDUWmR HOHWUyQLFR 'HVPRQWDJHP GD FREHUWXUD 'HVPRQWH D SODFD GH JiV FRP RV SHUILV WDO FRPR GHVFULWR QD VHFomR 'HVPRQWDJHP GD SODFD GH YLGU
&RQH[LXQH HOHFWULFć ILJ $FHVW DSDUDW HVWH GH WLSXO ´<µ FDEOXO GH DOLPHQWDUH QX SRDWH Vć ILH VFKLPEDW GH FćWUH XWLOL]DWRU FL GH FćWUH 6HUYLFLXO WHKQLF 7UHEXLH UHVSHFWDW WLSXO GH FDEOX üL VHFŘLXQHD PLQLPć 3OLWHOH GH JćWLW VXQW IXUQL]DWH FX XQ FDEOX GH DOLPHQWDUH FX VDX IćUć üWHFKHU $SDUDWHOH SUHYć]XWH FX üWHFKHU WUHEXLH GRDU Vć ILH FRQHFWDWH OD SUL]ć FDUH Vć GLVSXQć GH vPSćPkQWDUH LQVWDODWć FRUHFW 7UHEXLH SUHYć]XW XQ vQWUHUXSćWRU GH FLUFXLW RPQLSRODU FX GHVFKLGHUHD FRQWDFWXOXL GH PLQLP PP FX H[FH
: Πςψδπραςδρ νξίπμνπρϋ ςρδφιη βίζί Ιθλεί άηίλίηβω βαζίηίηβγ ά λθίήβηβμίεφηνψ δθηλμκνδπβψ ικθάίκφμί ίί έίκζίμβρηθλμφ Ικθβαάθήβμίεφ ηί ηίλίμ θμάίμλμάίηηθλμβ αΪ νμίρδν έΪαΪ ά λθίήβηίηβωο άυιθεηίηηυο ιθεφαθάΪμίείζ βεβ βλιθεηβμίείζ ζθημΪΰηυο κΪΫθμ Ηίεφαω άηθλβμφ βαζίηίηβω άθ άηνμκίηηβί χείζίημυ ικβΫθκΪ Ώλεβ ηίθΫοθήβζθ ικθβαάίλμβ κίζθημ θΫκΪμβμίλφ ά ηΪς λίκάβληυγ πίημκ Ξδοδγ μίφίκνλ ςπρίμναιη ΎΪηηυγ ικβΫθκ θμηθλβμλω δ μκίμφίζν δεΪλλν αΪσβμυ ιθ λμΪηήΪκμν (1 ήεω έΪαθάυο ικβΫθκθά άλμκθίηηθί θΫθκνήθά
Όδκνμβμί ηθάνψ άηνμκίηηψψ ξθκλνηδν ιεΪζίηβ κβλ E E Λζ μΪΫεβπν Ώλεβ χμθ μκίΫνίμλω ήεω άβήΪ έΪαΪ νλμΪηθάβμί λ ιθζθσφψ αΪΰβζΪ ήεω κίένεβκθάδβ ιθήΪρβ άθαήνοΪ κΪλλμθωηβί δθμθκθί νδΪαΪηθ ά μΪΫεβπί ήεω αηΪρίηβω < κβλ πρίμναιί ξοηΰνοί ΝλμΪηθάβμί άλί δθζιθηίημυ ά θΫκΪμηθζ ήεω ήίζθημΪΰΪ ιθκωήδί % Μίπρονθιί βίζναϊτ ιοίμνα Ύεω ηΪλμκθγδβ έΪαθάυο δκΪηθά ηίθΫοθήβζθ ληωμφ αΪσβμηνψ ιΪηίεφ έΪαθάθγ άΪκθρηθγ ιΪηίεβ β χείδμκθηηνψ ιεΪμν Πμώρηδ ζίψηρμνθ ξίμδκη Ληβζβμί λμίδεωηηνψ ιΪηίεφ λ ικθξβεωζ
3LüLUPH WH]JDKODU× ILüOL YH\D ILüVL] ELU EHVOHPH NDEORVX LOH ELUOLNWH WHGDULN HGLOLU )LüOHUL RODQ FLKD]ODU VDGHFH X\JXQ üHNLOGH \HUOHüWLULOPLü WRSUDNODPD JLULüOL SUL] NXWXODU×QD EDùODQPDO×G×U 0LQLPXP NRQWDN Do×NO×ù× PP RODQ ELU RPQLSRODU DN×P NHVLFL WHPLQ HGLOPHOLGLU SUL]OL EDùODQW×ODU KDULo HùHU NXOODQ×F× WDUDI×QGDQ HULüLOHELOL\RUVD *D] WLSLQLQ GHùLüWLULOPHVL hONH VWDQGDUWODU× L]LQ YHUGLùL WDNGLUGH FLKD] IDUNO× JD] WLSOHULQH X\DUODQDELOLU |]HOOLNOHU WDEORVXQD EDN×Q×] %XQXQ LoLQ JHUHNOL RODQ
