(QGR:RUOG (17,7 $TQPEQUEQRKC 2KP\CQVVKECRGTUVGPV $TQPEQUEQRKTKIKFKsRKP\CQVVKECRGTUVGPV )NKUVGPVDTQPEJKCNKVTQXCPQOQNVGRNKEKCRRNKEC\KQPKKPDTQPEQNQIKC .GKPFKEC\KQPKRTKPEKRCNKTKIWCTFCPQUVGPQUKVTCEJGQDTQPEJKCNKOCNKIPG GDGPKIPG7PQFGKRTGUWRRQUVKRGTKNRQUK\KQPCOGPVQFGNNQUVGPVÄ NKORKGIQFGNDTQPEQUEQRKQTKIKFQ)NKUVTWOGPVKTKIKFKUGTXQPQPQPUQNQC KPUGTKTGNQUVGPVOCCPEJGsUGPGEGUUCTKQsCEQTTGIIGTPGNCRQUK\KQPG QCGUVTCTNQ2GTSWGUVQ-#4.|5614<JCUXKNWRRCVQWPCPWQXCRKP\C QVVKECURGEKHKECRGTSWGUVCCRRNKEC\KQPG .CICPCUEKCOQDKNGUECPCNCVCÄRTQXXKUVCFKWPOKPWUEQNQFGPVG EQPNCWUKNKQFGNSWCNGÄRQUUKDKNGCHHGTTCTGEQOQFCOGPVGNQUVGPV TKRQUK\KQPCTNQQRRWTGTKOWQXGTNQ.CICPCUEKCHKUUCEQPUGPVGFKKPUGTKTG NCRKP\CVTCNQUVGPVGNCOWEQUCRGTNKDGTCTGNQUVGPVFCNNGXGPVWCNG VGUUWVQEKTEQUVCPVG3WCPFQUKEJKWFQPQNGICPCUEGUKWPKUEQPQKPOQFQ CVTCWOCVKEQ 3WCNQTCUKTGPFCPGEGUUCTKQEQTTGIIGTGNCRQUK\KQPGNQUVGPVIK¼ RQUK\KQPCVQRWÎGUUGTGHCVVQCXCP\CTGQCTTGVTCTG3WGUVCRKP\CQVVKEC ÄUVCVCRTQIGVVCVCRGTNCTKOQ\KQPGGKNTKRQUK\KQPCOGPVQFKVWVVKKVKRKFK UVGPV .GRKP\GQVVKEJG-#4.5614<RGTUVGPVEQUÈEQOGNCICOOCFK DTQPEQUEQRKTKIKFKGHNGUUKDKNKUKECTCVVGTK\\CPQRGTNCUVTCQTFKPCTKCGF KODCVVKDKNGSWCNKV¼ %CTCVVGTKUVKEJGRCTVKEQNCTK r .CICPCUEKCOQDKNGÄRTQXXKUVCFKWPOKPWUEQNQFGPVGRGTICTCPVKTGWPCRTGUC RKÕUKEWTC r .CICPCUEKCHKUUCEQPUGPVGFKKPUGTKTGNCRKP\CVTCNQUVGPVGNCOWEQUCRGT NKDGTCTGNQUVGPVFCNNGXGPVWCNGVGUUWVQEKTEQUVCPVG r .CRKP\CQVVKEC56ÄRCTVKEQNCTOGPVGCFCVVCCNNCTKOQ\KQPGGCN TKRQUK\KQPCOGPVQFKVWVVKKEQOWPKVKRKFKUVGPV 56 2KP\CQVVKEC RGTKNTKRQUK\KQPCOGPVQGNCTKOQ\KQPGFKUVGPVKPUKNKEQPGQ UVGPVRQNKOGTKEKOGVCNNKEKGKDTKFKRGTKORKGIQEQPNQVVKEC ##$# 5VTWOGPVCTKQKPVGITCVKXQ 2GTKORKGIQEQPKUGIWGPVKUKUVGOKQVVKEK*12-+05 ## 5KUVGOCQVVKEQhrCXKUKQPGTGVVKNKPGC´OO NWPIJG\\CEOUVGTKNK\\CDKNGKPCWVQENCXGEQPHKDTGQVVKEJG KPEQTRQTCVGEQNQTGFKKFGPVKHKEC\KQPGXGTFG $# 5KUVGOCQVVKEQhrCXKUKQPGQDNKSWC´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¼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¼ FKUVCNGQDNKSWCRGTKORKGIQEQPTKHNGVVQTGRTKUOCVKEQ (# (. $TQPEQUEQRKQQRGTCVQTKQCITCPFGNWOGECNKDTQOO NWPIJG\\CEOEQPUGPVGNKPVTQFW\KQPGFKDQWIKGDTQPEJKCNK HKPQCWPECNKDTQFK%JCTTRGTKORKGIQEQPTKHNGVVQTG RTKUOCVKEQ(# ). $TQPEQUEQRKQQRGTCVQTKQCITCPFGNWOGECNKDTQOO NWPIJG\\CEOOQFGNNQOQFKHKECVQRGTNCRRNKEC\KQPGFK UVGPVEQPHQTKNCVGTCNKRGTNCTGURKTC\KQPGUWNNCVQFKUVCNG GUVTGOKV¼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v*& 7PKV¼FKEQPVTQNNQVGNGECOGTC ● COCUUKOCFGHKPK\KQPGRQUUKDKNG . GNCRRNKEC\KQPGFGNHQTOCVQ ICTCPVKUEQPQKN(7..*& *KIJ&GHKPKVKQP ● GXKFGQECOGTGGPFQUEQRKEJGG . OKETQUEQRKEJGUQPQFQVCVGFKVTGEJKR %%&EJGUWRRQTVCPQKNHQTOCVQG ICTCPVKUEQPQWPCFGHKPK\KQPGFKZ RKZGNPGNNCTKRTQFW\KQPGFKKOOCIKPK 8CPVCIIKFGN(7..*& *KIJ&GHKPKVKQPRGT NKORKGIQKPOGFKEKPC ● . CFGHKPK\KQPGXQNVGUWRGTKQTGFGNNG XKFGQECOGTGICTCPVKUEGWPOCIIKQT PWOGTQFKFGVVCINKGWPCOCIIKQTG RTQHQPFKV¼FKECORQ ● 0 GNNCTKRTQFW\KQPGFGNNGKOOCIKPKKNHQTOCVQ CWOGPVCKNECORQFKQUUGTXC\KQPGG HCXQTGPFQNGTIQPQOKCXKUKXC ● . CNWOKPQUKV¼FGKEQNQTKEQPUGPVGNC XCNWVC\KQPGQVVKOCNGFGKTGRGTVK ● 4KVTCGPFQNQVVKECNCXKUKQPGNCVGTCNG XKGPGKPITCPFKVCFGNOCPVGPGPFQ NQUVGUUQKPITCPFKOGPVQFKWPUKUVGOC UVCPFCTF+PSWGUVQOQFQNGRQUUKDKNK RGTFKVGFKKPHQTOC\KQPKXGTVKECNKXGPIQPQ TKRTKUVKPCVGGNCNGPVGTKOCPGRWNKVC +7PKV¼FKEQPVTQNNQ %%7VGNGECOGTC+/#)'*7$v*& RGTNoKORKGIQEQPVGUVKPG+/#)'*&GUVCPFCTFFCG EJKRTKUQNW\KQPGOCZZRKZGNEQP5%$-#4.5614<G OQFWNQRTQEGUUQTGFoKOOCIKPGKPVGITCVKUKUVGOC2#.065% VGPUKQPGFoGUGTEK\KQ|s8#%*\ KPENWUQ %CXQFKCNKOGPVC\KQPG Z%CXKXKFGQ$0%$0%NWPIJG\\CEO %CXQFKEQPPGUUKQPG58*5 ;%NWPIJG\\CEO %CXQFKEQPPGUUKQPGURGEKCNG4)$ Z%CXKFKEQPPGUUKQPGRGTKNEQOCPFQFKCRRCTGEEJK RGTKHGTKEKNWPIJG\\CEO %CXQFKEQPPGUUKQPG&8+NWPIJG\\CEO %CXQFKEQPPGUUKQPG5%$NWPIJG\\CEO 6CUVKGTCKVCNKCPC +ZZ &CVKVGEPKEK &KUVCP\CUGIPCNGFKUVWTDQ 5KUVGOKFKVGNGECOGTC +/#)'*7$v*& CVTGEJKR욷F$ #)% +PITGUUQ %QPVTQNNCVQ 5GIPCNG($#5CRTGUC$0% 6CUVKGTCRGTVKVQNK FCOKETQ 58KFGQCRTGUCOKPK&+0RQNK Z RTGUC&+0RQNK RTQEGUUQTG 5GIPCNG4)$5CRTGUC&5WD 5GIPCNG5&+CRTGUC$0% UQNQ+/#)'*7$v*&EQPOQFWNQ5&+ Z 5GIPCNG*&CRTGUC&8+& Z +PITGUUQWUEKVCEQOCPFQ -#4.5614<5%$ CRTGUCOKPK&+0RQNK Z 2TGUCUVGTGQOO #%%#%% +PVGTHCEEKCUGTKCNGUW4, 2QTVC75$ UQNQ+/#)'*7$v*&EQP+%/ Z 7UEKVCXKFGQ &KOGPUKQPK .Z*Z2 OO 2GUQ MI ZZ 6GPUKQPG FGUGTEK\KQ 8#% *\ /QFGNNQ QPHQTOGC+'% E %5#P7.G%' UGEQPFQ&&/ENCUUGFKRTQVG\KQPG %( 5&+s5GTKCN&KIKVCN+PVGTHCEGQVVKOK\\CVCRGTNCXKUWCNK\\C\KQPGOGFKECUWUEJGTOKRKCVVKTQWVKPIEQP14vG TGIKUVTC\KQPGFKIKVCNGEQP#+&#&8&/ +%/EQPPGUUKQPG75$RGTNCTGIKUVTC\KQPGFKKOOCIKPKHKUUGGXKFGQUGSWGP\GUWWPUWRRQTVQFKCTEJKXKC\KQPG 75$QRGTKNEQNNGICOGPVQFKWPCUVCORCPVGEQORCVKDKNG75$RGTNCUVCORCFKTGVVCFGNNGKOOCIKPKHKUUGUECVVCVG +/#)'v*& VGUVKPC*& *\ +/#)'v*< *\ 6GUVKPC*&CVTGEJKR TKUQNW\KQPGOCZZRKZGNUECPUKQPGRTQITGUUKXCRQUUKDKNKV¼FK KOOGTUKQPGEQORNGVCUVGTKNK\\CDKNGCICUUVGTKNK\\CDKNGCNRNCUOCEQP QDKGVVKXQ\QQORCTCHQECNGKPVGITCVQFKUVCP\CHQECNGH|||OO Z VCUVKNKDGTCOGPVGRTQITCOOCDKNK UWNNCVGUVKPCRGTKORKGIQEQPUKUVGOC2#.065% &CVKVGEPKEK EJKR%%&FC 2KZGNUGIPCNGFWUEKVC*Z8 Z &KOGPUKQPK ´OONWPIJG\\COO 2GUQ I 5GPUKDKNKV¼OKPKOC (.WZ 1DKGVVKXQ 1DKGVVKXQ\QQORCTCHQECNGKPVGITCVQ HOO /GEECPKUOQFKRTGUC 5WRRQTVQQEWNCTGUVCPFCTF %CXQ EQNNGICVQKPOQFQHKUUQ .WPIJG\\CECXQ EO 5LVROX]LRQH PD[ &RGLFH DUW 'LDJRQDOH VFKHUPR 0RGHOORGD SDUHWHFRQ VWDIIH 9(6$ 0$ %DVHGL DSSRJJLR 5( 9HUVLRQH 6LVWHPL3$/ 176& ³ ● ,QJUHVVRYLGHR 6HJQ D VXOO¶L OHFRPSRV QJUHV LW VR% R 1& 69LG H ',1 RVXOO¶LQJ U0LQ SLQ L 9*$ VXOO¶L +'' Q 6XE JUHVVR SLQ '9,V X '9,' OO¶LQJUHV VR 0RQLWRU DVFKHUPR SLDWWR+' .$5/6725= 5GPUQTGFKOOCIKPG ● ● ● ● -#4.5614<#+&#EQORCEV0'1s NCUQNW\KQPGEQORCVVCRGTNCFQEWOGPVC\KQPG %CTCVVGTKUVKEJGRCTVKEQNCTKGXCPVCIIK /GOQTK\\C\KQPGFKIKVCNGFKKOOCIKPKƂUUGEQPWPCTKUQNW\KQPGFK ZRKZGNUGSWGP\GXKFGQKPRGƂNGCWFKQEQP #+&#EQORCEV0'1*& 2CEEJGVVQKPVGTHCEEKCQR\KQPCNG&+%1/*. (WP\KQPCOGPVQGTIQPQOKEQGUVGTKNGOGFKCPVGVQWEJUETGGPEQOCPFQ XQECNGVCUVKFGNNCVGNGECOGTCGQRGFCNGFKEQOCPFQ 4KEQPQUEKOGPVQCWVQOCVKEQFGNUKUVGOCRGTVGNGECOGTCEQNNGICVQUWNNKP ITGUUQ*&5&+5&5&+ #TEJKXKC\KQPGGHƂEKGPVGUW&8&%&41/QEJKCXG75$OWNVKUGUUKQPG GOWNVKRC\KGPVG /GOQTK\\C\KQPGKPTGVG %TGC\KQPGCWVQOCVKECFKTGHGTVKUVCPFCTF %GTVKƂEC\KQPGFKEQORWVGTGOQPKVQTRGTNKORKGIQKPUCNCQRGTCVQTKC UGEQPFQ'0 %QORCVKDKNGEQP-#4.5614<%QOOWPKECVKQP$WU 5%$G -#4.5614<14v#80'1 -#4.5614<#+&#EQORCEV0'1*&5&Ä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¼ 5:)#EQORTGPUKXQFKVGNKRTQVGVVKXKCRRQUKVK VGPUKQPGFGUGTEK\KQ8#%*\ EQORQUVQFC 6QWEJUETGGPFC %CXQ45NWPIJG\\CO %CXQ58)#NWPIJG\\CO 2GPPCECRCEKVKXC 6QWEJUETGGP-#4.5614< FGUMVQR458)#&8+&TKUQNW\KQPGOCZZ :)#EQORTGPUKXQFKVGNKRTQVGVVKXKCRRQUKVK VGPUKQPGFGUGTEK\KQ8#%*\ EQORQUVQFC 6QWEJUETGGPFC $CUGFCRRQIIKQ 2GPPCECRCEKVKXC 6QWEJUETGGP-#4.5614<8FGUMVQR 458)#&8+&TKUQNW\KQPGOCZZ OQFCNKV¼5:)#EQORTGPUKXQFKVGNKRTQVGVVKXKCRRQUKVK VGPUKQPGFGUGTEK\KQ8#%*\ EQORQUVQFC 6QWEJUETGGPFC $CUGFCRRQIIKQ 2GPPCECRCEKVKXC ZZZNDUOVWRU]FRP .$5/6725=*PE+&R.* 0LWWHOVWUDH7XWWOLQJHQ*HUPDQ\ 3RVWIDFK7XWWOLQJHQ*HUPDQ\ 7HOHIRQ 7HOHID[ (0DLOLQIR#NDUOVWRU]GH ZZZNDUOVWRU]FRP .$5/6725=(QGRVFRSLD,WDOLD6UO 9LDGHOO¶$UWLJLDQDWR ,9HURQD,WDOLD 7HOHIRQR 7HOHID[ (0DLOLQIR#NDUOVWRU]LW '9'06+6 (QGR:RUOG
© Copyright 2024 ExpyDoc
