(QGR:RUOG
1(852,7
5XKNWRRQGRTQIGVVKHWVWTK
FGNNGCRRNKEC\KQPKPGWTQGPFQUEQRKEJG
RGTNCEJKTWTIKCFGNNCDCUGETCPKEC
CNNC%NKPKECPGWTQNQIKECFK.KQPG
'PFQUEQRKCCNNC%NKPKECPGWTQNQIKECFK.KQPG
FCNNCEJKTWTIKCFGNNoKRQHKUK
CNNCEJKTWTIKCGPFQUEQRKECGUVGUCFGNNCDCUGETCPKEC
5KPFCSWCPFQCDDKCOQKPK\KCVQNCUEWQNCFKURGEKCNK\\C\KQPGKPPGWTQ
EJKTWTIKCUQVVQNCFKTG\KQPGFGN2TQHGUUQT/5KPFQWGFGN2TQHGUUQT)
2GTTKP CDDKCOQ RTGUQ RCTVG CNNC IGUVKQPG VGTCRGWVKEC FK VWOQTK FGNNC
DCUGETCPKECGCFGPQOKKRQHKUCTK
# SWGNNoGRQEC QRGTCXCOQ CPEQTC INK CFGPQOK KRQHKUCTK CVVTCXGTUQ
NoCRRTQEEKQ VTCPUUGVVCNG EQUC EJG URGUUQ RQTVCXC C RGTHQTC\KQPK FGN
UGVVQ TKPQUKPWUKVG ETQPKEC G CNVTK GHHGVVK EQNNCVGTCNK +PQNVTG WVKNK\\CPFQ KN
OKETQUEQRKQKNFGKOCETQCFGPQOKPQPHWP\KQPCNK
PQPUGEGTPGPVK
RQVGXCPQGUUGTGCURQTVCVKUQNQRCT\KCNOGPVG
(KIWTC+NOCPECVQUWE
EGUUQFGNNoKPVGTXGPVQRQVGXCGUUGTGFQXWVQCNNCNKOKVCVCXKUWCNK\\C\KQPG
FGNNG RQT\KQPK VWOQTCNK UWRGTKQTG G NCVGTCNG CVVTCXGTUQ KN OKETQUEQRKQ
(KIWTC Q CNNoKPXCUKQPG FGN UGPQ ECXGTPQUQ FC RCTVG FGN VWOQTG #N
HKPGFKUXKNWRRCTGWPCOGVQFKECEJKTWTIKECOGPQKPXCUKXCGRKÕGHHKEKGPVG
RGT K RC\KGPVK CDDKCOQ EQORKWVQ FWG RCUUK 2GT RTKOC EQUC CDDKCOQ
CESWKUKVQ GURGTKGP\C EQP NoCEEGUUQ GPFQPCUCNG +ORCTCTG SWGUVC VG
EPKEC GTC NoQDDKGVVKXQ FGN RGTKQFQ VTCUEQTUQ PGN RTGUUQ KN TGRCTVQ
FGN2TQHGUUQT'4.CYUCNNo7PKXGTUKV¼FK%JCTNQVVGUXKNNG8KTIKPKC
75#
+ORCTCTGNCVGEPKECGPFQUEQRKECUXKNWRRCVCFCN2TQHGUUQT%CRRCDKCPEC
G FCN 2TQHGUUQTG &G &KXKVKKU C 0CRQNK +VCNKC Ä UVCVQ KN UGEQPFQ RCUUQ
CXXGPWVQPGN0GNNoCPPQFQRQWPCDTGXGGURGTKGP\CFKEJK
TWTIKCGPFQUEQRKQCUUKUVKVCCDDKCOQKPK\KCVQCFGNCDQTCTGWPCRRTQEEKQ
GPFQUEQRKEQRWTCOGPVGGPFQPCUCNGKPK\KCNOGPVGKPUKGOGCN2TQHGUUQT
2(TÒJNKEJEJKTWTIQ14.0GKRTKOKVTGCPPKSWGUVQCRRTQEEKQÄUVCVQ
NKOKVCVQCKUQNKOCETQCFGPQOK1IIKÄCRRNKECVQFKTQWVKPGCVWVVKKVWOQTK
FGNNoKRQHKUK VTCVVCVK PGN PQUVTQ EGPVTQ VTG ECUK CNNC UGVVKOCPC 7PC XCNW
VC\KQPGFGINKKPVGTXGPVKFCPQKGHHGVVWCVKEQPFQVVCFKTGEGPVGJCEQPHGT
OCVQEJGKRC\KGPVKJCPPQVTCVVQDGPGHKEKQFCNNoWVKNK\\QFGNNoGPFQUEQRKC
ITC\KGCNNCOKINKQTCVCTKOQ\KQPGFGKVWOQTK
(KIWTCGCNNCTKFW\KQPGFGN
RQUVQRGTCVQTKQGFGKFKUVWTDKEQTTGNCVK
VTGIKQTPKEQPKNVTCVVCOGPVQGPFQ
UEQRKEQEQPVTQKUGVVGFGNNCEJKTWTIKCVTCPUUGVVCNG3WGUVQCUWCXQNVC
EQORQTVCNCUGORTGRKÕHTGSWGPVGTKEJKGUVCFKWPVTCVVCOGPVQGPFQUEQ
RKEQ FC RCTVG FGK RC\KGPVK G FGK NQTQ OGFKEK &K EQPUGIWGP\C Ä UVCVC
CORNKCVCCPEJGNCPQUVTCGSWKRGPGWTQGPFQETKPQNQIKEC#VVWCNOGPVGUK
EQORQPGFKVTGRTKOCTKPGWTQEJKTWTIJK
)2GTTKPRGTNCOKETQEJKTWTIKC
' ,QWCPPGCW G * $GNNKCTF RGT OKETQEJKTWTIKC GF GPFQUEQRKC SWCV
VTQ OGFKEK CUUKUVGPVK 2 .CEGTFC / /GUUGTGT , % &G $CVVKUVC 5
-JCUUKU PQPEJÅ SWCVVTQ URGEKCNKUVK GPFQETKPQNQIK ( $QTUQP%JC\QV
/2WIGCV)4CXGTQV,6TQWKNNCU2CTCNNGNCOGPVGCNNCEQNNCDQTC\KQPG
EQPNC(CEQNV¼FK#PCVQOKCFGN2TQHGUUQT2/GTVGPU
7PKXGTUKV¼%NCWFG
$GTPCTF FK .KQPG (TCPEKC G -#4. 5614< Ä UVCVQ UXKNWRRCVQ RGT NC
5QEKGV¼ FK 0GWTQEJKTWTIKC HTCPEGUG WPQ YQTMUJQR C ECFGP\C CPPWCNG
EJGUKQEEWRCURGEKHKECOGPVGFKEJKTWTIKCFGNNoKRQHKUK+NRTKOQFKSWGUVK
YQTMUJQR JC CXWVQ NWQIQ PGN (KIWTC $GPEJÅ PGN EQTUQ FGK
YQTMUJQR UK VTCUOGVVCPQ EQPQUEGP\G VCPVQ PGNNoCODKVQ FGNNG VGEPKEJG
OKETQEJKTWTIKEJGEJGGPFQUEQRKEJGNoKPVGTGUUGFGNNCOCIIKQTRCTVGFGK
RCTVGEKRCPVKUKHQECNK\\CUWKTGRCTVKFKGPFQUEQRKC
#VVWCNOGPVG UVKCOQ RCUUCPFQ CN VGT\Q NKXGNNQ NoCRRTQEEKQ GPFQPCUCNG
CORNKCVQRGTKVWOQTKFGNNCDCUGETCPKEC4GEGPVGOGPVGCDDKCOQRCT
VGEKRCVQCNNQYQTMUJQRFKWPRKQPKGTGKPSWGUVQECORQKN2TQHGUUQT#
-CUUCO GF Ä UVCVQ OQNVQ KPVGTGUUCPVG EQPUVCVCTG EJG VWVVK INK GURGTVK
FKEJKTWTIKCFGNNCDCUGETCPKECCRRNKECPQKPVWVVQKNOQPFQNCOGFGUKOC
RTQEGFWTC0GNRCUUCIIKQFCNNCOKETQEJKTWTIKCCNNoGPFQUEQRKCKNRWPVQ
HQPFCOGPVCNGFGNNCEWTXCFKCRRTGPFKOGPVQÄEQUVKVWKVQFCNNCEJKTWTIKC
FGNNoKRQHKUK
.C OKC RGTUQPCNG EQPXKP\KQPG Ä EJG KP HWVWTQ OQNVK RC\KGPVK CHHGVVK FC
VWOQTGVTCTTCPPQDGPGHKEKQFCNNoGPFQUEQRKC2TGUUQNC%NKPKECPGWTQNQ
IKEC FGNNo7PKXGTUKV¼ %NCWFG $GTPCTF EQUÈ EQOG RTGUUQ CNVTG KUVKVW\KQPK
KPVGTGUUCVGCSWGUVQVGOCUVKCOQHQTOCPFQWPVGCOGFKNTGNCVKXQEQP
VGUVQRGTRTQOWQXGTGNoWNVGTKQTGUXKNWRRQFKSWGUVCVGEPKEC
2TQHGUUQT&QVV',17#00'#7
&KTGVVQTGFK'PFQUEQRKCPGNNCEJKTWTIKCFGNNCDCUGETCPKEC
&KTGVVQTGFGN%QTUQFKRGTHG\KQPCOGPVQ
%JKTWTIKCFGNNoKRQHKUKFGNNC5QEKGV¼FK0GWTQEJKTWTIKCHTCPEGUG
(CEQNV¼FK0GWTQEJKTWTIKC
%NKPKECPGWTQNQIKEC
7PKXGTUKV¼%NCWFG$GTPCTF.KQPG+
.KQPG(TCPEKC
7VKNKV¼FGNNoGPFQUEQRKCRGTKPETGOGPVCTGNCSWCNKV¼
FGNNCTGUG\KQPGFKCFGPQOKKRQHKUCTKPQPHWP\KQPCNK
PQPUGEGTPGPVK
(TCINKCFGPQOKKRQHKUCTKSWGNNKPQPHWP\KQPCNK
PQPUGEGTPGPVKEQPVK
PWCPQCTCRRTGUGPVCTGWPCUHKFCRGTKPGWTQEJKTWTIJK#ECWUCFGNNC
OCPECP\CFKWPCUKPVQOCVQNQIKCGPFQETKPQNQIKECURGEKHKECINKCFG
PQOK KRQHKUCTK PQP HWP\KQPCNK PQP UGEGTPGPVK URGUUQ UQPQ UEQRGTVK
UQNCOGPVG CF WPQ UVCFKQ VCTFKXQ EQP VWOQTG EQORTGUUKXQ OQNVQ
URC\KQUQRTCUGNNCTGQEEWRCVQGKPXCUKQPGFGNUGPQECXGTPQUQ%QOG
EQPUGIWGP\CPGNRQUVQRGTCVQTKQUKTKUEQPVTCPQHTGSWGPVGOGPVGTGUK
FWK
VWOQTCNKEJGRQTVCPQCEQORNKEC\KQPKPGNNCIGUVKQPGVGTCRGWVKEC
RQUVQRGTCVQTKC&CEKTECFKGEKCPPKNoGPFQUEQRKCÄKORKGICVCKPVWVVQ
KNOQPFQPGNNCEJKTWTIKCFGNNoKRQHKUKUKÄEQPUVCVCVQEJGKRC\KGPVKVTCI
IQPQDGPGHKEKQCFGUGORKQFCWPFGEQTUQRQUVQRGTCVQTKQRKÕDTGXG
GECTCVVGTK\\CVQFCOKPQTKFKUVWTDK)TC\KGCNNoGNKOKPC\KQPGFGNNoCPIQNQ
OQTVQ UGORTG RTGUGPVG SWCPFQ UK WVKNK\\C KN OKETQUEQRKQ EK UK RWÎ
CURGVVCTG WPC OKINKQTG CURQTVC\KQPG FGN VWOQTG %KÎ FGXG VWVVCXKC
GUUGTG UVWFKCVQ KP OQFQ CPEQT RKÕ CEEWTCVQ KP RCTVKEQNCTG RGT INK
CFGPQOKKRQHKUCTKPQPHWP\KQPCNK
PQPUGEGTPGPVK2GTSWGUVQOQVKXQ
CDDKCOQEQPHTQPVCVQKTKUWNVCVKFKOGVQFKEJGOKETQUEQRKEJGEQPSWGNNK
FKWPCOGVQFKECQRGTCVQTKCRWTCOGPVGGPFQUEQRKECCFQVVCVCFCWP
WPKEQEJKTWTIQKPWPCUGTKGFKOCETQCFGPQOK
6TC KN GF KN PGNNC PQUVTC UVTWVVWTC UQPQ UVCVK QRGTCVK EQP
WPC OGVQFKEC RWTCOGPVG GPFQUEQRKEC RC\KGPVK EQP CFGPQOK
KRQHKUCTK+PECUKUKVTCVVCXCFKCFGPQOKKRQHKUCTKPQPHWP\KQPCNK
CFGPQOKIQPCFQVTQRKEKGUKNGPVKRC\KGPVKOCUEJKHGOOKPG
GV¼OGFKCCPPKTCPIGCPPK2TKOCFGNNoKPVGTXGPVQKRC\KGPVK
UQPQUVCVKUQVVQRQUVKCVGUVUVCVKEKGFKPCOKEKFGNNGHWP\KQPKKRQHKUCTKG
G CF WPC XKUKVC QEWNKUVKEC ECORQ XKUKXQ XKUWU GF GUCOG FGN HQPFQ
QEWNCTGQNVTGEJGC4/0&EQPOG\\QFKEQPVTCUVQ)NKUVGUUKGUCOK
UQPQUVCVKTKRGVWVKVTGGUGKOGUKFQRQNoKPVGTXGPVQGUWEEGUUKXCOGPVG
QIPKCPPQ+TKUWNVCVKFGINKGUCOKGPFQETKPQNQIKEKGQHVCNOQNQIKEKPQP
EJÅ NoKPEKFGP\C FGK TGUKFWK VWOQTCNK TKOCUVK G NC OQTDKNKV¼ UQPQ UVCVK
EQPHTQPVCVK EQP K FCVK FK WP ITWRRQ FK RC\KGPVK QRGTCVK PGNNoCPPQ
RTGEGFGPVGFCNNQUVGUUQEJKTWTIQWVKNK\\CPFQWPCOGVQFKECOKETQEJK
TWTIKEC
CFGPQOKIQPCFQVTQRKEKWQOKPKFQPPGGV¼OGFKC
CPPKTCPIGCPPK+RC\KGPVKUQPQUVCVKGUCOKPCVKUGIWGPFQ
KNOGFGUKOQRTQVQEQNNQ
2TKOCFGNNoKPVGTXGPVQTKURGVVKXCOGPVGKNGFKNFGKRC
\KGPVKFGNITWRRQGPFQUEQRKEQRTGUGPVCXCPQTKUEQPVTKXKUKXKGFGPFQ
ETKPQNQIKEK+VWOQTKCXGXCPQKPOGFKCWPFKCOGVTQFKOOGFWPQ
URGUUQTG FK OO .oKPXCUKQPG FGN UGPQ ECXGTPQUQ GTC FGN 0GNITWRRQOKETQEJKTWTIKEQTKURGVVKXCOGPVGKNGFKN
FGKRC\KGPVKRTGUGPVCXCPQTKUEQPVTKXKUKXKGFGPFQETKPQNQIKEK+PSWG
UVQITWRRQKVWOQTKCXGXCPQKPOGFKCWPFKCOGVTQFKOOGFWPQ
URGUUQTGFKOO.oKPXCUKQPGFGNUGPQECXGTPQUQGTCFGN
8QNWOGFKCOGVTQOGFKFGKVWOQTKCRCTVGPGUUWPCFGNNGFKHHGTGP\GGTC
UKIPKHKECVKXC
0GNRQUVQRGTCVQTKQKPPGUUWPQFGKFWGITWRRKUKÄCXWVQWPRGIIKQ
TCOGPVQPGKTKUWNVCVKFGNNoGUCOGQEWNKUVKEQUGGTCFKUVCVQPQTOCNGPGN
RTGQRGTCVQTKQ 0GN ITWRRQ GPFQUEQRKEQ KN FGK RC\KGPVK UKPVQ
OCVKEKJCRTGUGPVCVQOKINKQTCOGPVKOGPVTGPGNITWRRQUQVVQRQUVQCF
KPVGTXGPVQOKETQEJKTWTIKEQEKÎÄCXXGPWVQPGNNCRGTEGPVWCNGFGN
GTKURGVVKXCOGPVGPGNFGKECUKNGEQPFK\KQPKUQPQTKOCUVGUVC
DKNKQUQPQRGIIKQTCVG
RPU2GTSWCPVQTKIWCTFCNGHWP\KQPKKRQ
HKUCTKGPGNRQUVQRGTCVQTKQFGNNCVQVCNKV¼FGKRC\KGPVKPGNITWRRQGPFQ
UEQRKEQ SWGUVK XCNQTK UQPQ OKINKQTCVK PGN FGK RC\KGPVK UQPQ
TKOCUVKKPXCTKCVKPGNFGKECUKGRGIIKQTCVKPGNOGPVTG
PGN ITWRRQ OKETQEJKTWTIKEQ UQPQ OKINKQTCVK PGN FGK RC\KGPVK
UQPQTKOCUVKKPXCTKCVKPGNFGKECUKGRGIIKQTCVKPGN
R
PU +P FWG RC\KGPVK FGN ITWRRQ GPFQUEQRKEQ GF KP WP RC\KGPVG FGN
ITWRRQOKETQEJKTWTIKEQÄKPUQTVQFKCDGVGKPUKRKFQ
RPU0GNITWR
RQQRGTCVQEQPOGVQFKECGPFQUEQRKECÄUVCVCTCIIKWPVCNCEQORNGVC
TKOQ\KQPGFGNVWOQTGPGNFGKRC\KGPVKOGPVTGPGNITWRRQUQV
VQRQUVQCFKPVGTXGPVQOKETQEJKTWTIKEQEKÎÄCXXGPWVQUQNQPGN
FGKECUK
R0GNRTKOQITWRRQPQPUKUQPQTKUEQPVTCVKTGUKFWKFK
VWOQTGEQORTGUUKXQPGNUGEQPFQKPFWGRC\KGPVK0GNITWRRQQRGTCVQ
GPFQUEQRKECOGPVGPGNRQUVQRGTCVQTKQUQPQKPUQTVGUGKHKUVQNGNKSWQ
TCNK WPC FGNNG SWCNK EQP OGPKPIKVG PGN ITWRRQ QRGTCVQ EQP VGEPKEC
OKETQEJKTWTIKEC UQPQ UVCVG TKUEQPVTCVG SWCVVTQ HKUVQNG NKSWQTCNK FWG
FGNNG SWCNK EQP OGPKPIKVG R PU +PHKPG PGK RTKOK KPVGTXGPVK GPFQ
UEQRKEKKPVTGRC\KGPVKUKÄOCPKHGUVCVCGRKUVCUUKCNNoKPK\KQFGNFGEQTUQ
RQUVQRGTCVQTKQVTCVVCVCKPVWVVKKECUKEQPVCORQPCOGPVK#UGIWKVQFK
WPCOQFKHKECVGEPKECCNNCRTQEGFWTCQRGTCVQTKCSWGUVCEQORNKEC\KQPG
PQPUKÄRKÕRTGUGPVCVC
#PEJGUGPQPUKVTCVVCKPSWGUVQECUQFKWPQUVWFKQTCPFQOK\\CVQNC
PQUVTC DTGXG GURGTKGP\C KPFKEC IK¼ EJG NoGPFQUEQRKC Ä NC RTQEGFWTC
RKÕ GHHKEKGPVG PGN VTCVVCOGPVQ FGINK CFGPQOK KRQHKUCTK PQP HWP\KQPCNK
PQP UGEGTPGPVK G RQVTGDDG GUUGTG TCEEQOCPFCVC SWCNG OGVQFKEC
EJKTWTIKECFoGNG\KQPGRGTSWGUVQVKRQFKVWOQTKFGNNoKRQHKUK
+ TKUWNVCVK UQPQ UVCVK UEGNVK RGT WP KPVGTXGPVQ KP QEECUKQPG FGN
0GWTQGPFQUEQRKE +PVGTPCVKQPCN /GGVKPI FK 2CTKIK G FGN EQPXG
IPQ CPPWCNG FGNNC 5QEKGV¼ FK 0GWTQEJKTWTIKC HTCPEGUG 5QEKÅVÅ
FG 0GWTQEJKTWTIKG FG .CPIWG (TCPÃCKUG 50%.( FK 2CTKIK + TKUWNVCVK
UQPQUVCVKRTGUGPVCVKRGTNCRWDDNKEC\KQPG
(KIWTC
(KIC+OOCIKPGUCIKVVCNGRTGQRGTCVQTKC
(KID+OOCIKPGEQTQPCNGRTGQRGTCVQTKC
(KIE+OOCIKPGUCIKVVCNGRQUVQRGTCVQTKC
(KIF+OOCIKPGEQTQPCNGRQUVQRGTCVQTKC
2C\KGPVGFKCPPKFQPPCKNEWKOCETQCFGPQOCKRQHKUCTKQPQPHWP\KQPCNG
PQPUGEGTPGP
VG Ä UVCVQ QRGTCVQ EQP VGEPKEC OKETQUEQRKEC .G HKIWTG C G D OQUVTCPQ NG KOOCIKPK
RTGQRGTCVQTKG .G KOOCIKPK RQUVQRGTCVQTKG 4/0 6 EQP OG\\Q FK EQPVTCUVQ OQUVTCPQ
EJKCTCOGPVG KN TGUKFWQ VWOQTCNG PGNNQ URC\KQ UQRTCUGNNCTG HTGEEKC DKCPEC TKEQPFWEKDKNG
CNNCNKOKVCVCXKUWCNK\\C\KQPGFGNNCRQT\KQPGUQRTCUGNNCTGFGNVWOQTGPGNNCOGVQFKECOKETQ
UEQRKEC
(KIIEGF
(KIWTC
(KIC+OOCIKPGEQTQPCNGRTGQRGTCVQTKC
4/06EQPOG\\QFKEQPVTCUVQ
(KID8KUVCOKETQUEQRKECFGNECORQ
QRGTCVQTKQ
(KIE(KIF8KUVCGPFQUEQRKECFGNOGFGUKOQECORQQRGTCVQTKQ
CPIQNQFKXKUKQPG
(KIG+OOCIKPG4/0RQUVQRGTCVQTKC
+OOCIKPG4/0RTGQRGTCVQTKCFKWPITQUUQOCETQCFGPQOCEQTVKEQVTQRQKRQHKUCTKQUKNGPVG
C
&QRQGUEKUUKQPGOKETQUEQRKEC
DNGRQT\KQPKUWRGTKQTK
EKQÄUQRTCUGNNCTKXGFKHTGEEKCGNCVG
TCNK
EKQÄRCTGVGOGFKCNGFGNUGPQECXGTPQUQXGFKCUVGTKUEQUQPQEJKCTCOGPVGVTQRRQRQEQ
XKUWCNK\\CVG0GNNCRTQEGFWTCGPFQUEQRKEC
EFNCNKDGTC\KQPGEJKTWTIKECFKGPVTCODKKTGUKFWK
VWOQTCNK Ä OKINKQTG EQUKEEJÅ Ä RQUUKDKNG WPC TGUG\KQPG RKÕ UKEWTC G RKÕ EQORNGVC EQOG UK
XGFGPGNNoKOOCIKPG4/0RQUVQRGTCVQTKC
G
(KIWTC
(KIC+OOCIKPGRTGQRGTCVQTKC4/06
EQPOG\\QFKEQPVTCUVQXKUVCUCIKVVCNG
(KIE+OOCIKPGRQUVQRGTCVQTKC4/06
EQPOG\\QFKEQPVTCUVQXKUVCUCIKVVCNG
(KID+OOCIKPGRTGQRGTCVQTKC4/06
EQPOG\\QFKEQPVTCUVQXKUVCEQTQPCNG
(KIF+OOCIKPG4/06EQPOG\\QFK
EQPVTCUVQXKUVCEQTQPCNG
2C\KGPVG FK CPPK WQOQ QRGTCVQ EQP WPC OGVQFKEC RWTCOGPVG GPFQUEQRKEC RGT WP
CFGPQOCKRQHKUCTKQPQPHWP\KQPCNG
PQPUGEGTPGPVGFKEO7VKNK\\CPFQUKUVGOKQVVKEK
GÄUVCVCTCIIKWPVCNCTKOQ\KQPGEQORNGVCEQPWPFGEQTUQRQUVQRGTCVQTKQOQNVQ
HCXQTGXQNG
FKOKUUKQPGFQRQUGKIKQTPKGHWP\KQPKGPFQETKPGGFQHVCNOQNQIKEJGPQTOCNKFQRQ
VTGOGUKFCNNoKPVGTXGPVQ
(KIWTC
2TKOQ 9QTMUJQR FK %JKTWTIKC FGNNoKRQHKUK FGNNC 5QEKGV¼ FK 0GWTQEJKTWTIKC HTCPEGUG
PGNNoCRTKNG C .KQPG 7PKXGTUKV¼ %NCWFG $GTPCTF FK .KQPG (CEQNV¼ FK #PCVQOKC +
2TQHGUUQT2/GTVGPU
&QVC\KQPGEQPUKINKCVCUGE&'&+8+6++5%#22#$+#0%#
5
6
bu cl cm cn
1
2 3
4
bm
8 9 bl
bn
bo
bp
bq
br
bs
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co cp cq cr cs ct
fo
eu fl fm fn
cu
dl dm dn do dp dq dr ds dt du elem en eo ep eq er es et
fp
fq
fr fs ft fu gl gm gn go
8KUWCNK\\C\KQPGGPFQUEQRKEC
1 ## 5KUVGOCQVVKEQHrCXKUKQPGTGVVKNKPGCEQPKOOCIKPGKPITCPFKVC
´OONWPIJG\\CEOCWVQENCXCDKNG
2 #5
%COKEKCCURKTC\KQPGKTTKIC\KQPGQXCNGZOONWPIJG\\CQRGTCVKXCEO
FCWVKNK\\CTGEQPUKUVGOCQVVKEQHr##
3 $# 5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGCEQPKOOCIKPGKPITCPFKVC
´OONWPIJG\\CEOCWVQENCXCDKNG
4 $5 %COKEKCCURKTC\KQPGKTTKIC\KQPGQXCNGZOONWPIJG\\CQRGTCVKXC
EOFCWVKNK\\CTGEQPUKUVGOCQVVKEQHr$#
5 ## 5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGCEQPKOOCIKPGKPITCPFKVC
´OONWPIJG\\CEOCWVQENCXCDKNG
6 #5#%COKEKCKTTKIC\KQPG´GUVGTPQOONWPIJG\\CQRGTCVKXCEOFCWVKNK\\CTGEQP
UKUVGOCQVVKEQHr ##
7 4-$5KUVGOCFKUWRRQTVQCWVQENCXCDKNG
QRVKQPCN
(# 5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGCEQPKOOCIKPGKPITCPFKVC
´OONWPIJG\\CEOCWVQENCXCDKNG
UGP\CHKI
(5 %COKEKCCURKTC\KQPGKTTKIC\KQPGQXCNGZOONWPIJG\\CQRGTCVKXC
EOFCWVKNK\\CTGEQPUKUVGOCQVVKEQHr(#
UGP\CHKI
## 5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGC´OONWPIJG\\CEO
CWVQENCXCDKNG
UGP\CHKI
%##%COKEKCKTTKIC\KQPG´GUVGTPQOONWPIJG\\CQRGTCVKXCEOFCWVKNK\\CTGEQP
UKUVGOCQVVKEQHr##
UGP\CHKI
#EEGUUQVTCPUPCUCNGGVTCPUHGPQKFCNG
8 9 bl bm 'NGXCVQTGCURKTCVQTGUGE(4''4EQPOCPFTKPQNWPIJG\\CEO
%WTGVVGRGTCPVTQNWPIJG\\CEOQXCNGCNNWPICVQRKEEQNC
$KUVWTKHCNEKHQTOGNGIIGTOGPVGEWTXQCRRWPVKVQNWPIJG\\CEO
2KP\C4*+01(14%'++UGE56#//$'4)'4NWPIJG\\CQRGTCVKXCEOVCINKGPVGC
OQTUQTGVTQITCFQXGTUQNCNVQ
bn (QTDKEKPCUCNK4*+01(14%'++OQFGNNQRKEEQNQTGVVGNWPIJG\\CQRGTCVKXCEO
bo $ 2KP\CPCUCNGCHHKNCVC4*+01(14%'++UGE/#%-#;)4¸09#.&VCINKGPVGGZVTC
FGNKECVCRGTWPVCINKQPGVVQUGP\CFCPPKRGTKVGUUWVKNWPIJG\\CQRGTCVKXCEO
CPIQNCVCXGTUQNCNVQOKUWTCZOO
bp $ 2KP\CPCUCNGCHHKNCVC4*+01(14%'++UGE/#%-#;)4¸09#.&VCINKGPVGGZVTC
FGNKECVCRGTWPVCINKQPGVVQUGP\CFCPPKRGTKVGUUWVKNWPIJG\\CQRGTCVKXCEOTGVVC
OKUWTCZOO
bq /-$2KP\CQUUKXQTCVCINKQCPVGTQITCFQXGTUQNoCNVQOKUWTCOONWPIJG\\CQRGTCVKXC
EO
br /-%2KP\CQUUKXQTCVCINKQCPVGTQITCFQXGTUQNoCNVQOKUWTCOONWPIJG\\CQRGTCVKXC
EO
bs 2KP\CCVCINKQEKTEQNCTGUGE56#//$'4)'4RGTUHGPQKFGGVOQKFGGFCVTGUKC
EQCPCNG´OONWPIJG\\CQRGTCVKXCEO
bt 2KP\CCVCINKQEKTEQNCTGUGE56#//$'4)'4RGTUHGPQKFGGVOQKFGGFCVTGUKC
EQCPCNG´OONWPIJG\\CQRGTCVKXCEO
bu 2KP\CUGE564¸/2'.OQTUQCEWEEJKCKQQXCNGHGPGUVTCVQNWPIJG\\CQRGTCVKXC
EO
cl # 2KP\CUGE564¸/2'.OQTUQCEWEEJKCKQQXCNGHGPGUVTCVQCPIQNCVCXGTUQNCNVQ
NWPIJG\\CQRGTCVKXCEO
cm 0 #URKTCVQTGEQCIWNCVQTGRGTPCUQTGVVQNWPIJG\\CEO
'& 'NGVVTQFQCUHGTCRGTEQCIWNC\KQPG´OOEWTXQNCVGTCNOGPVGNWPIJG\\CEO
UGP\CHKI
cn '( 'NGVVTQFQCUHGTCRGTEQCIWNC\KQPG´OOEWTXQNCVGTCNOGPVGNWPIJG\\CEO
4GIKQPGUGNNCTG
co cp 2KP\COQTUQCEWEEJKCKQTQVQPFQ´OOTGVVCNWPIJG\\CQRGTCVKXCEO
2KP\COQTUQCEWEEJKCKQQXCNGHGPGUVTCVQNCTIJG\\COOTGVVCNWPIJG\\C
QRGTCVKXCEO
cq (QTDKEKFGNKECVGTGVVGNWPIJG\\CQRGTCVKXCEO
cr (QTDKEKGZVTCFGNKECVGEWTXGXGTUQFGUVTCNWPIJG\\CQRGTCVKXCEO
cs (QTDKEKGZVTCFGNKECVGEWTXGXGTUQUKPKUVTCNWPIJG\\CQRGTCVKXCEO
ct (QTDKEKGZVTCFGNKECVGCPIQNCVGXGTUQNoCNVQNWPIJG\\CQRGTCVKXCEO
cu 5#& (QTDKEKFGNKECVGCPIQNCVGXGTUQNoCNVQUVGNQQTKGPVCDKNGCNWPIJG\\C
QRGTCVKXCEO
dl -- $KUVWTKUGE&'&+8+6++5%#22#$+#0%#NCOCTGVTCVVKNG
EQORQUVQFC
+ORWIPCVWTC
%COKEKCGUVGTPC
/KETQDKUVWTKHCNEKHQTOG
dm /
$KUVWTKUGE&'&+8+6++5%#22#$+#0%#NCOCTGVTCVVKNG
EQORQUVQFC
+ORWIPCVWTC
%COKEKC
/KETQDKUVWTKCRRWPVKVQ
dn &/ &KUUGVVQTGVCINKGPVGURCVQNCNGIIGTOGPVGEWTXCTGVVQOKUWTCOOKORWIPCVWTC
TQVQPFCNWPIJG\\CEO
do &5 &KUUGVVQTGVCINKGPVGURCVQNCNGIIGTOGPVGEWTXCCPIQNCVQOKUWTCOO
KORWIPCVWTCTQVQPFCNWPIJG\\CEO
dp &$ &KUUGVVQTGVCINKGPVGURCVQNCNGIIGTOGPVGEWTXCCPIQNCVQOKUWTCOO
KORWIPCVWTCTQVQPFCNWPIJG\\CEO
dq * 7PEKPQUGE%#56'.07181UOWUUQNWPIJG\\CEOKORWIPCVWTCTQVQPFC
dr -$ %WTGVVGCEWEEJKCKQTQVQPFCNGIIGTOGPVGCPIQNCVCOKUWTCOOKORWIPCVWTC
TQVQPFCNWPIJG\\CEO
ds 40 %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQOO
RWPVCCPIQNCVCKORWIPCVWTCTQVQPFCNWPIJG\\CEO
dt 4' %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQHNGUUKDKNG´KPVGTPQ
OORWPVCCPIQNCVCKORWIPCVWTCTQVQPFCNWPIJG\\CEO
du 41 %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQOO
RWPVCCPIQNCVCKORWIPCVWTCTQVQPFCNWPIJG\\CEO
el 4, %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQHNGUUKDKNG´KPVGTPQ
OORWPVCCPIQNCVCKORWIPCVWTCTQVQPFCNWPIJG\\CEO
em 4+
%WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQOO
RWPVCCPIQNCVCKORWIPCVWTCTQVQPFCNWPIJG\\CEO
en 4) +FGO´KPVGTPQOO
eo 4$ %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQOO
GUVTGOKV¼ECOKEKCEWTXCNCVGTCNOGPVGKORWIPCVWTCTQVQPFCNWPIJG\\CEO
ep 4# +FGO´KPVGTPQOO
eq 48 %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQOO
GUVTGOKV¼ECOKEKCRKGICVCCFCPIQNQTGVVQKORWIPCVWTCTQVQPFCNWPIJG\\CEO
er 4& +FGO´KPVGTPQOO
es 49 +FGO´KPVGTPQOO
et 4( %WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQXGTVKECNG
EWTXCNWPIC´KPVGTPQOOKORWIPCVWTCTQVQPFCNWPIJG\\CEO
eu 45$%WTGVVGFKCURKTC\KQPGUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQ
OORWPVCCPIQNCVC.7'4NWPIJG\\CEO
fl 45%+FGO´KPVGTPQOO
fm 46 %WTGVVGFKCURKTC\KQPGEQPEGUVGNNQUGE&'&+8+6++5%#22#$+#0%#HKNQTQVQPFQ
OKUWTCOOCVVCEEQVWDQIKTGXQNG.7'4NWPIJG\\CEO
fn 47 +FGOOKUWTCOO
fo $&.2KP\CDKRQNCTG6#-'#2#46EQPICPCUEGUQVVKNKNCTIJG\\COOCPIQNCVC
FKUVCNOGPVGEJKWUWTCXGTVKECNG´GUVGTPQOONWPIJG\\CQRGTCVKXCEO
EQORQUVCFC
+ORWIPCVWTC
%COKEKCGUVGTPC
%COKEKCKPVGTPC
+PUGTVQRKP\CDKRQNCTG
fp $&/2KP\CDKRQNCTG6#-'#2#46EQPICPCUEGUQVVKNKNCTIJG\\COOCPIQNCVC
FKUVCNOGPVGEJKWUWTCQTK\\QPVCNG´GUVGTPQOONWPIJG\\CQRGTCVKXCEO
EQORQUVCFC
+ORWIPCVWTC
%COKEKCGUVGTPC
%COKEKCKPVGTPC
+PUGTVQRKP\CDKRQNCTG
fq #URKTCVQTGCIQOKVQUGE(4#0-2#537+0+´OORWPVCEWTXCXGTUQNoCNVQ
GUVTGOKV¼UHGTKECEQPRKCUVTCFKRTGUCGHQTQKPVGTTWVVQTGUW\KQPG.7'4NWPIJG\\C
QRGTCVKXCEO
fr +FGO´OO
fs #URKTCVQTGUGE('4)7510EQPHQTQKPVGTTWVVQTGUW\KQPGGOCPFTKPQ.7'4
NWPIJG\\CQRGTCVKXCEO%JCTT
ft +FGO%JCTT
fu +FGO%JCTT
gl $ #URKTCVQTGHNGUUKDKNGEQPHQTQCFCUQNCKPVGTTWVVQTGUW\KQPGGOCPFTKPQ.7'4
NWPIJG\\CQRGTCVKXCEO%JCTT
gm$ +FGO%JCTT
gn $ +FGO%JCTT
go $ +FGO%JCTT
70+&4+8'0'741
UGP\CHKIWTC
8CUUQKFKUVGTKNK\\C\KQPGEQPUKINKCVK
5KUVGOKQVVKEK Z$
5VTWOGPVCTKQ #$TCEEKQCWVQUVCVKEQ
,
&CVKUVTWOGPVCTKQ
8KUWCNK\\C\KQPG
5KUVGOKQVVKEK
.oCEEGUUQGPFQUEQRKEQVTCPUPCUCNGVTCPUHGPQKFCNGUKGUGIWGEQPGPFQUEQRKTKIKFK
UGP\CECPCNGQRGTCVKXQ.oKPVGTXGPVQUKGHHGVVWCKPITCPRCTVGOGFKCPVGWPGPFQ
UEQRKQNWPIJG\\CEOEQPUKUVGOCQVVKEQ5KUVGOKQVVKEKCPIQNCVKUQPQPGEGU
UCTKUQNQKPFGVGTOKPCVGEQPFK\KQPK
.oGPFQUEQRKQNWPIJG\\CEOUKKORKGICWPKVCOGPVGCNDTCEEKQCWVQUVCVKEQUGKN
EJKTWTIQRTGHGTKUEGNCXQTCTGEQPWPCKOOCIKPGHKUUCUWNNQUEJGTOQ
.oGPFQUEQRKQFKFKCOGVTQOOÄCFCVVQRGTKDCODKPKQPGNECUQFKHQUUC
PCUCNGUVTGVVC
##
#5
##
5KUVGOCQVVKEQHrCXKUKQPGTGVVKNKPGCEQPKOOC
IKPGKPITCPFKVC´OONWPIJG\\CEOCWVQENCXCDKNG
EQPECXQCHKDTGQVVKEJGKPEQTRQTCVQEQFKEGEQNQTGXGTFG
#5
%COKEKCCURKTC\KQPGKTTKIC\KQPGQXCNGZOO
NWPIJG\\CQRGTCVKXCEOFCWVKNK\\CTGEQPUKUVGOCQVVKEQ
Hr##
$#
5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGCEQPKOOCIKPG
KPITCPFKVC´OONWPIJG\\CEOCWVQENCXCDKNGEQP
ECXQCHKDTGQVVKEJGKPEQTRQTCVQEQFKEGEQNQTGTQUUQ
%COKEKCCURKTC\KQPGKTTKIC\KQPGQXCNGZOO
NWPIJG\\CQRGTCVKXCEOFCWVKNK\\CTGEQPUKUVGOCQVVKEQ
Hr$#
$5
##
#5#
5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGCEQPKOOCIKPG
KPITCPFKVC´OONWPIJG\\CEOCWVQENCXCDKNGEQP
ECXQCHKDTGQVVKEJGKPEQTRQTCVQEQFKEGEQNQTGXGTFG
%COKEKCKTTKIC\KQPG´GUVGTPQOONWPIJG\\CQRGTCVKXC
EOFCWVKNK\\CTGEQPUKUVGOCQVVKEQHr##
QRVKQPCN
(#
(5
##
%##
5KUVGOCQVVKEQH CXKUKQPGTGVVKNKPGCEQPKOOCIKPG
KPITCPFKVC´OONWPIJG\\CEOCWVQENCXCDKNGEQP
ECXQCHKDTGQVVKEJGKPEQTRQTCVQEQFKEGEQNQTGPGTQ
%COKEKCCURKTC\KQPGKTTKIC\KQPGQXCNGZOO
NWPIJG\\CQRGTCVKXCEOFCWVKNK\\CTGEQPUKUVGOCQVVKEQ
Hr(#
5KUVGOCQVVKEQHr CXKUKQPGTGVVKNKPGC
´OONWPIJG\\CEOCWVQENCXCDKNGEQPECXQCHKDTG
QVVKEJGKPEQTRQTCVQEQFKEGEQNQTGXGTFG
%COKEKCKTTKIC\KQPG´GUVGTPQOONWPIJG\\CQRGTCVKXC
EOFCWVKNK\\CTGEQPUKUVGOCQVVKEQHr##
&CVKUVTWOGPVCTKQ
(CUGPCUCNGGUHGPQKFCNG
5VTWOGPVCTKQPCUQ
'NGXCVQTGCURKTCVQTGUGE(4''4EQPOCPFTKPQ
NWPIJG\\CEO
%WTGVVGRGTCPVTQNWPIJG\\CEOQXCNG
CNNWPICVQRKEEQNC
2KP\C4*+01(14%'++UGE56#//$'4)'4
NWPIJG\\CQRGTCVKXCEOVCINKGPVGCOQTUQ
TGVTQITCFQXGTUQNCNVQ
(QTDKEKPCUCNK4*+01(14%'++OQFGNNQ
RKEEQNQTGVVGNWPIJG\\CQRGTCVKXCEO
$
2KP\CPCUCNGCHHKNCVC4*+01(14%'++UGE
/#%-#;)4¸09#.&VCINKGPVGGZVTCFGNKEC
VCRGTWPVCINKQPGVVQUGP\CFCPPKRGTKVGUUWVK
NWPIJG\\CQRGTCVKXCEOCPIQNCVCXGTUQ
NCNVQOKUWTCZOO
$
2KP\CPCUCNGCHHKNCVC4*+01(14%'++UGE
/#%-#;)4¸09#.&VCINKGPVGGZVTCFGNKECVC
RGTWPVCINKQPGVVQUGP\CFCPPKRGTKVGUUWVKNWP
IJG\\CQRGTCVKXCEOTGVVCOKUWTCZOO
&CVKUVTWOGPVCTKQ
(CUGPCUCNGGUHGPQKFCNG
/-$
2KP\CQUUKXQTCVCINKQCPVGTQITCFQXGTUQ
NoCNVQOKUWTCOONWPIJG\\CQRGTCVKXCEO
/-%
2KP\CQUUKXQTCVCINKQCPVGTQITCFQXGTUQ
NoCNVQOKUWTCOONWPIJG\\CQRGTCVKXC
EO
2KP\CCVCINKQEKTEQNCTGUGE56#//$'4)'4
RGTUHGPQKFGGVOQKFGGFCVTGUKCEQCPCNG
´OONWPIJG\\CQRGTCVKXCEO
2KP\CCVCINKQEKTEQNCTGUGE56#//$'4)'4
RGTUHGPQKFGGVOQKFGGFCVTGUKCEQCPCNG
´OONWPIJG\\CQRGTCVKXCEO
2KP\CUGE564¸/2'.OQTUQCEWEEJKCKQ
QXCNGHGPGUVTCVQNWPIJG\\CQRGTCVKXCEO
#
2KP\CUGE564¸/2'.OQTUQCEWEEJKCKQ
QXCNGHGPGUVTCVQCPIQNCVCXGTUQNCNVQ
NWPIJG\\CQRGTCVKXCEO
&CVKUVTWOGPVCTKQ
(CUGPCUCNGGUHGPQKFCNG
5VTWOGPVCTKQOQPQGDKRQNCTGRGTGOQUVCUK
)NKUVTWOGPVKOQPQRQNCTKUQPQTCEEQOCPFCVKRGTNCEQCIWNC\KQPGFGNNCOWEQUC
PCUCNG.GRKP\GDKRQNCTK
XGFKRCIKPCFGXQPQGUUGTGWVKNK\\CVGRGTNCEQCIW
NC\KQPGFKUCPIWKPCOGPVKCTVGTKQUK
CFGUFKTCOKFGNNoCTVGTKCUHGPQRCNCVKPCFGNNC
FWTCOCFTGQFGNUGPQKPVGTECXGTPQUQ
0
#URKTCVQTGEQCIWNCVQTGRGTPCUQTGVVQ
NWPIJG\\CEO
'&
'NGVVTQFQCUHGTCRGTEQCIWNC\KQPG´OO
EWTXQNCVGTCNOGPVGNWPIJG\\CEO
'(
'NGVVTQFQCUHGTCRGTEQCIWNC\KQPG´OO
EWTXQNCVGTCNOGPVGNWPIJG\\CEO
&CVKUVTWOGPVCTKQ
(CUGUGNNCTG
$KUVWTK
$KUVWTKHCNEKHQTOGNGIIGTOGPVGEWTXQ
CRRWPVKVQNWPIJG\\CEO
/2
$KUVWTKCNCOCTQVQPFCXGTVKECNG³
OONWPIJG\\CEOKORWIPCVWTCTQVQPFC
/
$KUVWTKUGE&'&+8+6++5%#22#$+#0%#
NCOCTGVTCVVKNGEQORQUVQFC
+ORWIPCVWTC
%COKEKC
/KETQDKUVWTKCRRWPVKVQ
--
$KUVWTKUGE&'&+8+6++5%#22#$+#0%#
NCOCTGVTCVVKNGEQORQUVQFC
+ORWIPCVWTC
%COKEKCGUVGTPC
/KETQDKUVWTKHCNEKHQTOG
%WTGVVGCXGPVKFKCOGVTKFKHHGTGPVK
RGTNoCURQTVC\KQPGUKEWTCGFGHHKECEGFKCFGPQOKKRQHKUCTK
´KPVGTPQOO
4CEEQOCPFCVKRGT
OKETQCFGPQOK
´KPVGTPQOO
4CEEQOCPFCVKRGT
OCETQCFGPQOK
´KPVGTPQOO
4CEEQOCPFCVKRGT
OCETQCFGPQOK
40
41
s
4+
4)
s
4$
4#
s
48
4&
49
s
4(
s
&CVKUVTWOGPVCTKQ
(CUGUGNNCTG
%WTGVVGHNGUUKDKNK
4'
%WTGVVGCFCPGNNQUGE&'&+8+6++5%#22#
$+#0%#HKNQTQVQPFQHNGUUKDKNG´KPVGTPQOO
RWPVCCPIQNCVCKORWIPCVWTCTQVQPFC
NWPIJG\\CEO
4,
+FGO´KPVGTPQOO
45$
%WTGVVGFKCURKTC\KQPGUGE&'&+8+6++5
%#22#$+#0%#HKNQTQVQPFQ´KPVGTPQOO
RWPVCCPIQNCVC.7'4NWPIJG\\CEO
45%
+FGO´KPVGTPQOO
46
%WTGVVGFKCURKTC\KQPGEQPEGUVGNNQUGE&'
&+8+6++5%#22#$+#0%#HKNQTQVQPFQOKUWTC
OOCVVCEEQVWDQIKTGXQNG.7'4
NWPIJG\\CEO
47
%WTGVVGFKCURKTC\KQPGEQPEGUVGNNQUGE&'
&+8+6++5%#22#$+#0%#HKNQTQVQPFQOKUWTC
OOCVVCEEQVWDQIKTGXQNG.7'4
NWPIJG\\C
%WTGVVGCFQRRKCHWP\KQPG
%WTGVVGEQPRWPVCURGEKCNG
-$
%WTGVVGCEWEEJKCKQTQVQPFCNGIIGTOGPVG
CPIQNCVCOKUWTCOOKORWIPCVWTCTQVQPFC
NWPIJG\\CEO
&CVKUVTWOGPVCTKQ
(CUGUGNNCTG
&KUUGVVQTKRGTNCHCUGUGNNCTGFGNNoKPVGTXGPVQ
&$
&KUUGVVQTGVCINKGPVGURCVQNCTQVQPFCRWPVC
CPIQNCVCOKUWTCOOKORWIPCVWTC
TQVQPFCNWPIJG\\CEO
&/
&KUUGVVQTGVCINKGPVGURCVQNCNGIIGTOGPVG
EWTXCTGVVQOKUWTCOOKORWIPCVWTCTQVQP
FCNWPIJG\\CEO
&5
&KUUGVVQTGVCINKGPVGURCVQNCNGIIGTOGPVG
EWTXCCPIQNCVQOKUWTCOOKORWIPC
VWTCTQVQPFCNWPIJG\\CEO
(QTDKEKRGTNoKPEKUKQPGFGNNCFWTCGNCRTGRCTC\KQPGKPVTCFWTCNG
s
5#&
(QTDKEKFGNKECVGTGVVGNWPIJG\\CQRGTCVKXCEO
(QTDKEKGZVTCFGNKECVGEWTXGXGTUQFGUVTCNWP
IJG\\CQRGTCVKXCEO
(QTDKEKGZVTCFGNKECVGEWTXGXGTUQUKPKUVTCNWP
IJG\\CQRGTCVKXCEO
(QTDKEKGZVTCFGNKECVGCPIQNCVGXGTUQNoCNVQNWP
IJG\\CQRGTCVKXCEO
5#&
(QTDKEKFGNKECVGCPIQNCVGXGTUQNoCNVQUVGNQ
QTKGPVCDKNGCNWPIJG\\CQRGTCVKXCEO
&CVKUVTWOGPVCTKQ
(CUGUGNNCTG
2KP\G
2KP\COQTUQCEWEEJKCKQTQVQPFQ´OO
TGVVCNWPIJG\\CQRGTCVKXCEO
2KP\COQTUQCEWEEJKCKQQXCNGHGPGUVTCVQ
NCTIJG\\COOTGVVCNWPIJG\\CQRGTCVKXC
EO
5VTWOGPVKDKRQNCTKRGTGOQUVCUK
.GRKP\GDKRQNCTKFGXQPQGUUGTGWVKNK\\CVGRGTNCEQCIWNC\KQPGFKUCPIWKPCOGPVKCTVGTKQUK
CFGUFK
TCOKFGNNoCTVGTKCUHGPQRCNCVKPCFGNNCFWTCOCFTGQFGNUGPQKPVGTECXGTPQUQ
$&.
2KP\CDKRQNCTG6#-'
#2#46EQPICPCUEGUQVVKNK
NCTIJG\\COOCPIQNCVC
FKUVCNOGPVGEJKWUWTCXGTVKECNG
´GUVGTPQOONWPIJG\\C
QRGTCVKXCEO
EQORQUVCFC
+ORWIPCVWTC
%COKEKCGUVGTPC
%COKEKCKPVGTPC
+PUGTVQRKP\CDKRQNCTG
$&/
2KP\CDKRQNCTG6#-'
#2#46EQPICPCUEGUQVVKNK
NCTIJG\\COOCPIQNCVC
FKUVCNOGPVGEJKWUWTCQTK\\QPVC
NG´GUVGTPQOONWPIJG\
\CQRGTCVKXCEO
EQORQUVCFC
+ORWIPCVWTC
%COKEKCGUVGTPC
%COKEKCKPVGTPC +PUGTVQRKP\CDKRQNCTG
&CVKUVTWOGPVCTKQ
(CUGUGNNCTG
#URKTCVQTK
#URKTCVQTGUGE('4)7510
#URKTCVQTGUGE('4)7510EQP
HQTQKPVGTTWVVQTGUW\KQPGGOCPFTKPQ
.7'4NWPIJG\\CQRGTCVKXCEO
%JCTT
#URKTCVQTGUGE('4)7510EQP
HQTQKPVGTTWVVQTGUW\KQPGGOCPFTKPQ
.7'4NWPIJG\\CQRGTCVKXCEO
%JCTT
#URKTCVQTGCIQOKVQUGE(4#0-2#537+0+
´OORWPVCEWTXCXGTUQNoCNVQGUVTGOKV¼UHGTK
ECEQPRKCUVTCFKRTGUCGHQTQKPVGTTWVVQTGUW\KQPG
.7'4NWPIJG\\CQRGTCVKXCEO
+FGO´OO
$
#URKTCVQTGHNGUUKDKNGEQPHQTQCF
CUQNCKPVGTTWVVQTGUW\KQPGGOCP
FTKPQ.7'4NWPIJG\\CQRGTCVKXC
EO%JCTT
$
+FGO%JCTT
$
+FGO%JCTT
$
+FGO%JCTT
5KUVGOC%.'#48+5+10++
RGTNCRWNK\KCKPVTCQRGTCVQTKCFGNNoGPFQUEQRKQ
5GV%.'#48+5+10++
UKUVGOCFKNCXCIIKQNGPVKRGTGPFQUEQRK
VGPUKQPGFKGUGTEK\KQ8%#*\
EQORQUVQFC
%NGCTXKUKQP++
%CXQFKTGVG
+PVGTTWVVQTGCRGFCNGUKPIQNQ
5GVVWDKKPUKNKEQPGUVGTKNK\\CDKNK
%COKEKCKTTKIC\KQPG
&GVVCINKQ
5KUVGOCQVVKEQh®EQORCVKDKNG
%QF
CTVKEQNQ
&'
.WPIJG\\C
WVKNG
%QF
CTVKEQNQ
&KTG\KQPGFK
QUUGTXC\KQPG
&'
.WPIJG\\C
WVKNG
#5
ZOO
EO
##
OO
EO
$5
ZOO
EO
$#
OO
EO
%5
ZOO
EO
%#
OO
EO
(5
ZOO
EO
(#
OO
EO
70+&4+8'0'741
70+&4+8'0'741-#4.5614<
EQORQUVQFC
70+&4+8'0'741EQP5%$
%CXQFKTGVG
$CTTCFKKTTKIC\KQPG
2GFCNGFQRRKQ
5GVVWDKKPUKNKEQPG
5GVFKENKR
%CXQ5%$
5GVVWDKOQPQWUQUVGTKNKRG\\K
/CPKRQNQ+064#CPIQNCVQGZVTCNWPIQEOFC
WVKNK\\CTGEQPHTGUGCUVGNQNKUEKQNWPIJG\\CEO
TCRRQTVQVTCUOKUUKQPG
IKTKOKP
.
(TGUCUVCPFCTFUVGNQNKUEKQKPCEEKCKQKPQZNWPIJG\\C
EOOKUWTCsUGVFCRG\\K
.
(TGUCFKCOCPVCVCUVGNQNKUEKQKPCEEKCKQKPQZNWP
IJG\\CEOOKUWTCsUGVFCRG\\K
).
(TGUCFKCOCPVCVCCITCPCITQUUCUVGNQNKUEKQKPCEEKC
KQKPQZRGTHTGUCVWTGGNGXKICVWTGFGNKECVGGRTGEKUGKP
CTGGETKVKEJGCDCUUQKPFKEGFKUWTTKUECNFCOGPVQNWP
IJG\\CEOOKUWTGsUGVFCRG\\KEQFKEG
EQNQTGQTQ
(QPVGFKNWEGHTGFFC:'0105%$
(QPVGFKNWEGHTGFFC:'010-#4.5614<
EQP-#4.5614<5%$RQORCCPVKHQIKPVGITCVCWPC
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