SIN
CO
L
UA
CT
RA
NT
!"#"$%&'#!()*+,-
./01/2345/
6789:;6
SIN
VA
ON
RC
LO
AL
TU
AC
TR
II
SIN
I
I
I
'<=>?@ABC?=DC=>@>AE=?=FCG=H
mšc›dŒhœfdcmfc›Œh›hbcdcefgckh
VA
JKLMINOPQRSIRMNSTMUIQMIOVPIWSRXPIRMKOXYQPUIZPINS[MRLORPI[\KYNPI]IZPKIS^NYSVPZMKIQMI
ZPI^_ZY`PaIJVILSQSINPKSIKMR\IQMIP^ZYNPNY_VIZSIMKLP[ZMNYQSIMVIZPKINSVQYNYSVMKIQMIZPI
^RMKMVLMI^_ZY`Pa
^RMKMVLMI^_ZY`PaI
RC
LO
bcdcefgchijklmch
ON
nopoqrqh
saI tMRuYNYSIWvVM[RMI
waI xRPKZPQSIVPNYSVPZI^SRIWPZZMNYXYMVLSI
SIVPNYSVPZI^SRIWPZZMNYXYMVLS
yaI zNSX^P{PVLMIMVINPKSIQMILRPKZPQSI^SRIWPZZMNYXYMVLSIMVIJK^P{PI
P{PVLMIMVINPKSIQMILRPKZPQSI^SRIWPZZMNYXYMVLSIMVIJK^P{P
|aI }PKLSKIQMIMKLPVNYPI^PRPIPNSX^P{PVLMIMVINPKSIQMIWPZZMNYXYMVLSI
PKLSKIQMIMKLPVNYPI^PRPIPNSX^P{PVLMIMVINPKSIQMIWPZZMNYXYMVLS
~aI xRPKZPQSIYVLMRVPNYSVPZI^SRIWPZZMNYXYMVLSI
SIYVLMRVPNYSVPZI^SRIWPZZMNYXYMVLS
aI zNSX^P{PVLMIMVINPKSIQMILRPKZPQSI^SRIWPZZMNYXYMVLSIMVIMZIM€LRPVMRSI
X^P{PVLMIMVINPKSIQMILRPKZPQSI^SRIWPZZMNYXYM
‚aI }PKLSKIQMIMKLPVNYPI^PRPIPNSX^P{PVLMIMVINPKSIQMIWPZZMNYXYMVLSIMVIMZIM€LRPVMRSI
PKLSKIQMIMKLPVNYPI^PRPIPNSX^P{PVLMIMVINPKSIQMIWPZZMNYXYMVLSIMVIMZIM€LRPV
ƒaI zKYKLMVNYPIQSXYNYZYPRYPIPIZPIWPXYZYPIMVINPKSIQMIQMK^ZP`PXYMVLSIOVLSIPZIIIIIIIII
LMVNYPIQSXYNYZYPRYPIPIZPIWPXYZYPIMVINPKSIQMIQMK^ZP`PXYMVLSIOVLSIPZI
zKMTORPQSIWPZZMNYQSI
„aI zKYKLMVNYPIPIZSKI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKIQMZIzKMTORPQSIWPZZMNYQSIMVIII
LMVNYPIPIZSKI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKIQMZIzKMTO
LMVNYPIPIZSKI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKIQMZI
zKMTO
uYPMI
s†aI ‡LSRTPXYMVLSIQMILMKLPXMVLSIVSLPRYPZIMVIJK^P{PI
YMVLSIQMILMKLPXMVLSIVSLPRYPZIMVIJK^P{P
ssaI zKYKLMVNYPIORˆQYNPIMVINPKSIQMIWPZZMNYXYMVLSI
ssasaI ‡[LMVNY_VIQMIQSNOXMVLPNY_VI
ssawaI zKMKSRPXYMVLSIM€LRPOQYNYPZI
ssayaI ‰SNOXMVLPNY_VI^PRPIZPIKSZYNYLOQIQMI^MVKYSVMKI
ssa|aI }MKLY_VIQMIZPIQMNZPRPNY_VIQMI…MRMQMRSKUIQMIZPKIMKNRYLORPKIQMIPNM^LPNY_VISII
RPNY_VIQMI…MRMQMRSKUIQMIZPKIMKNRYLORPKIQMIPNM^LPNY_VISI
RMVOVNYPIQMI…MRMVNYPIMIYVKNRY^NY_VIMVIMZIŠMTYKLRSIQMIZPI‹RS^YMQPQI
IQMIZPI‹RS^YMQPQ
I
AL
TU
AC
TR
bcdcefgckhŒmlŒecŽkI
q‘q’o“p‘”Io“I•‘”–oI
saI xRPKZPQSIMVIPX[OZPVNYPIMVINPKSIQMIMVWMRXMQPQISIPNNYQMVLMISNORRYQSKIMVIJK^P{P
RPKZPQSIMVIPX[OZPVNYPIMVINPKSIQMIMVWMRXMQPQISIPNNYQMVLMISNORRYQSKIMVIJKK^P{PI
RPKZPQSIMVIPX[OZPVNYPIMVINPKSIQMIMVWMRXMQPQISIPNNYQMVLMISNORRYQSKIMVIJ
waI zVOZPNY_VIQMIuYPMI
yaI JVuˆSIQMIQSNOXMVLSKI]IS[MLSKI^MRKSVPZMKISZuYQPQSKI
|aI ‰MXSRPUINPVNMZPNY_VIQMZIuYPMISI^—RQYQPIQMINSVM€YSVMKI
~aI ŠMMX[SZKSIQMITPKLSKI^SRIQMXSRPIMVIZPIMVLRMTPIQMIM˜OY^PMKI
aI ™SNPZY`PNY_VIQMIM˜OY^PMKI
I
ž
II
SIN
VA
‚aI ‰
‚a
‰MK^ZP`PXYMVLSIQMIOVIPNSX^P{PVLMIOVLSIPZIzKMTORPQSI…SK^YLPZY`PQSI
ƒaI zKYK
ƒa
zKYKLMVNYPIQSXYNYZYPRYPIPIZPIWPXYZYPIMVINPKSIQMIQMK^ZP`PXYMVLSIOVLSIPZIIIIIIIII
zKMTORPQSI…SK^YLPZY`PQSI
zKMTO
„aI }
„a
}PKLSKIQMIMKLPVNYPI^PRPIPNSX^P{PVLMIMVINPKSIQMI…SK^YLPZY`PNY_VIQMZIzKMTORPQSI
PKLSKIQMIMKLPVNYPI^PRPIPNSX^P{PVLMIMVINPKSIQMI…SK^YLPZY`PNY_VIQMZIzKMTORPQS
s†aI zKYK
s†a
zKYKLMVNYPIPI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKIQMZIzKMTORP
zKYKLMVNYPIPI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKIQMZIzKMTORPQSI…SK^YLPZY`PQSIMVI
LMVNYPIPI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKIQMZIzKMTORP
uYPM
uYP
M
uYPMI
ssaI ŠMTRMKSIPVLYNY^PQSIQMZIzKMTORPQSI˜OMIKMIMVNOMVLRPIQMIuYPMI
TRMKSIPVLYNY^PQSIQMZIzKMTORPQSI˜OMIKMIMVNOMVLRPIQMIuYPM
swaI tMRuYNYSIQMIYVWSRXPNY_VI^PRPIuYPMKIPZIM€LRPVMRSI
YNYSIQMIYVWSRXPNY_VI^PRPIuYPMKIPZIM€LRPVMRS
syaI }PKLSKIX—QYNSKIQMIORTMVNYPIPINSVKMNOMVNYPIQMIMVWMRXMQPQISIPNNYQMVLMITRPuMKI
PKLSKIX—QYNSKIQMIORTMVNYPIPINSVKMNOMVNYPIQMIMVWMRXMQPQISIPNNYQMVLMITRPuMKI
MVIMZIM€LRPVMRSI
IMZIM€LRPVMMRS
IMZIM€LRPV
s|aI ‹RSZSVTPNY_VIQMIMKLPVNYPIMVI…SLMZIMVIMZIM€LRPVMRSI
RSZSVTPNY_VIQMIMKLPVNYPI
s~aI zVLYNY^SIQMIWSVQSKI^SRIPNNYQMVLMUIMVWMRXMQPQISIRS[SIMVIMZIM€LRPVMRSI
LYNY^SIQMIWSVQSKI^SRIPNNYQMVLMUIMVWMRXMQPQISIRS[SIMVIMZIM
saI zVLYNY^SIQMIWYPV`PIOQYNYPZI]I…SVSRPRYSKIQMIz[STPQSIMVIMZIM€LRPVMRSI
LYNY^SIQMIWYPV`PIOQYNYPZI]I…SVSRPRYSKIQMIz[STPQSIMVIMZIM€LRP
s‚aI ‰M^_KYLSIQMIWYPV`PI^SRI…SK^YLPZY`PNY_VIMVIMZIM€LRPVMRSI
M^_KYLSIQMIWYPV`PI^SRI…SK^YLPZY`PNY_VIMVIMZIM€LRPVMRS
sƒaI ŸVL—R^RMLMIMVINPKSIQMI…SK^YLPZY`PNY_VIMVIMZIM€LRPVMRSI
L—R^RMLMIMVINPKSIQMI…SK^YLPZY`PNY_
L—R^RMLMIMVINPKSIQMI…SK^YLPZY`
PNY_
s„aI ŠM^PLRYPNY_VIKPVYLPRYPIMVINPKSIQMIMVWMRXMQPQISIPNNYQMVLMITRPuMKISNORRYQSKIMVIMZI
^PLRYPNY_VIKPVYLPRYPIMVINPKSIQMIMVWMRXMQPQISIPNNYQMVLMITRPuMKISNORRYQSKIMVIMZI
M€LRPVMRSI
w†aI tMRuYNYSIQMILR\XYLMKIPQXYVYKLRPLYuSKI^PRPI…SK^YLPZY`PNY_VI
YNYSIQMILR\XYLMKIPQXYVYKLRPLYuSKI^PRPI…SK^YLPZY`PNY_V
wsaI JVuˆSIQMIOVIX—QYNSIMK^MNYPZYKLPIPZIM€LRPVMRSI
uˆSIQMIOVIX—QYNSIMK^MNYPZYKLPIPZIM€LRPVMRS
wwaI JVuˆSIQMIXMQYNPXMVLSKIPZIM€LRPVMRSI
uˆSIQMIXMQYNPXMVLSKIPZIM€LRPVMRS
uˆSIQMIXMQYNPXMVLSKIPZIM€LRPVMR
S
wyaI tMRuYNYSIQMIYVWSRXPNY_VIPKYKLMVNYPZI]IXMVKPMKIORTMVLMKI
YNYSIQMIYVWSRXPNY_VIPKYKLMVNYPZI]IXMVKPMKIORTMVLMK
q‘q’o“p‘”I o“‘r¡I
saI JuPZOPNY_VITMRY\LRYNPIYVLMTRPZ I
waI tMRuYNYSIQMIxMZMPKYKLMVNYPI
wasaI ŸVLMRuMVNYSVMKIQMIORTMVNYPI]IPLMVNY_VIYVXMQYPLPI
LMRuMVNYSVMKIQMIORTMVNYPI]IPLMVNY_VIYVXMQYPLP
wawaI ¢YTYZPVNYPI]IPLMVNY_VIMVIQMK^ZP`PXYMVLSKI
wayaI ™SNPZY`PNY_VI]IMVuˆSIQMIKMRuYNYSKIPKYKLMVNYPZMKI
YNYSKIPKYKLMVNYPZMK
wa|aI tMTOYXYMVLSI^MRKSVPZY`PQSIQMZIzKMTORPQSI]IKOIMVLSRVSI
TOYXYMVLSI^MRKSVPZY`PQSIQMZIzKMTORPQSI]IKOIMVLSRVS
WSRXPNY_VIWPXYZYPRIMVINPKSIQMISNORRMVNYPIQMZIKYVYMKLRSUIYVNYQ
wa~aI ŸVWSRXPNY_VIWPXYZYPRIMVINPKSIQMISNORRMVNYPIQMZIKYVYMKLRSUIYVNYQMVNYPKIMVI
RMKLPNY_VIQMZIKMRuYNYSI]IMuSZONY_VIQMZIMKLPQSIQMIKPZOQIQMZIzKMT
ZPI^RMKLPNY_VIQMZIKMRuYNYSI]IMuSZONY_VIQMZIMKLPQSIQMIKPZOQIQMZIzKMTORPQSI
yaI ‹RSTRPXPIQMIWSRXPNY_VIPKYKLMVNYPZI
|aI ‰MKNPVKSIWPXYZYPRI
~aI £SVKOZLPKIX—QYNSI¤ITMRY\LRYNPKI
aI zKYKLMVNYPIX—QYNPI
‚aI £SVM€Y_VINSVI£MVLRSKIŠMKYQMVNYPZMKI^PRPIZPIxMRNMRPIJQPQI
ƒaI zKMKSRPXYMVLSI^PLRYXSVYPZI^MRKSVPZY`PQSI
„aI £SVM€Y_VINSVIRM^PRPQSRMKI
s†aI ŸVK^MNNY_VIx—NVYNPIQMI¢YuYMVQPKI
ssaI ™YX^YM`PIQMIuYuYMVQPI
swaI zKYKLMVNYPI^SKLI¥I…SK^YLPZPRYPI
I
ON
RC
LO
AL
TU
AC
TR
I
¦
II
SIN
VA
§¨©‘prIªIq‘q’o“p‘”«I
§
¨©‘prI
saI tM
sa
tMTOVQPIS^YVY_VIX—QYNP
TOVQPIS^YVY_VIX—QYNPI
waI £S
wa
£SVKOZLPIX—QYNPILMZMW_VYNPISI^SRIŸVLMRVML
£SVKOZLPIX—QYNPILMZMW_VYNPISI^SRIŸVLMRVMLI
VKOZLPIX—QYNPILMZMW_VYNPISI^SRIŸVLMRVML
yaI £S
ya
£SVKOZLPI^KYNSZ_TYNPILMZMW_VYNPI
VKOZLPI^KYNSZ_TYNPILMZMW_VYNP
|aI zNN
|a
zNNMKSIPIZPIRMQIQMI‹RSWMKYSVPZMKI¬—QYNSKI]I£MVLRSKItPVYLPRYSK
zNNMKSIPIZPIRMQIQMI‹RSWMKYSVPZMKI¬—QYNSKI]I£MVLRSKItPVYLPRYSKI
MKSIPIZPIRMQIQMI‹RSWMKYSVPZMKI¬—QYNSKI]I£MVLRSKItPVYLPRYSK
|asaI
|
asa tMRuYNYSKIKPVYLPRYSKI
tMRuYNYSKIKPVYLPRYSK
tMRu
YNYSKIKPVYLPRYSK
|awaI
|
awa tMRuYNYSIQMVLPZI
tMRuYNYSIQMVL
tMRu
YNYSIQMVL
­‘p®rIrI o¯°«’°¡”I±“©‘²‘©°”«I”I§³´‘µ”I¶oµ¯r¡”«‘©”©I
®rIrI o¯°«’°¡”I±“©‘²‘©°”«I”I§³´‘µ”I¶oµ¯r¡”«‘©”©
¡r’opp‘¸“I¹°¡º©‘p”I±“’o»¡”«
·¡r’opp‘¸“I¹°¡º©‘p”I±“’o»¡”«I
saI zKYKLMVNYPIORˆQYNPILMZMW_VYNPIMK^MNYPZY`PQPI
LMVNYPIORˆQYNPILMZMW_VYNPIMK^MNYPZY`PQP
waI ŠMNZPXPNY_VIQMIQP{SKI
NZPXPNY_VIQMIQP{SK
yaI ‰MWMVKPI^MVPZI
|aI ‰MRMN…SIzQXYVYKLRPLYuSI
MRMN…SIzQXYVYKLRPLYuS
~aI ‰MRMN…SIQMI£SVKOXSI
MRMN…SIQMI£SVKOXS
MRMN…SI™P[SRPZI]ItMTORYQPQItSNYPZ
aI ‰MRMN…SI™P[SRPZI]ItMTORYQPQItSNYPZI
‚aI ¢YuYMVQPI
ƒaI ¼YKNPZYQPQI
„aI xRPXYLPNY_VIQMIM€^MQYMVLMKIQMIORYKQYNNY_VIuSZOVLPRYPI]IPNLOPNYSVMKIVSLPRYPZMKI]I
RPXYLPNY_VIQMIM€^MQYMVLMKIQMIORYKQYNNY_VIuSZOVLPRYPI]IPNLOPNYSVMKIVSLPRYPZMKI]I
RMTYKLRPZMKI
s†aI xRPXYLPNY_VIQMIKPVNYSVMKI^SRINYRNOZPNY_VIQMIuM…ˆNOZSKIPIXSLSRI
RPXYLPNY_VIQMIKPVNYSVMKI^SRINYRNOZPNY_VIQMIuM…ˆNOZSKIPIXSLSR
ssaI £SVM€Y_VINSVIz[STPQSKI]I‹RSNORPQSRMKI
VM€Y_VINSVIz[STPQSKI]I‹RSNORPQSRMK
ON
RC
LO
AL
TU
AC
TR
I
½
II
SIN
I
VA
ON
RC
LO
AL
TU
AC
TR
I
II
q‘q’o“p‘”IåæçèéêI
SIN
I
¾
'á&Æ#'#á&%"â%&%ã!ä%"Æ%ä'á&$ã!$á
I
!?CGD<¿@À?A¿ÁÂÁF=?ÃÄ=HAH>A¿'@FC?=C@
!?CGD<¿@ÅÃÆAÇÁFÁDÁ@FAH
›lkŒklmlŒekhbedcŽkh
VA
I
cÑÒÓÔÕÖ×hÑÛÖÜÝÜÞßÑhh
ÑÒÓÔÕÖ×hÑÛÖÜÝÜÞßÑh
ickkh›ŽhmŒefdcfŒh
ckkh›ŽhmŒefd
RC
LO
I
^SQR\I YX^OTVPRI MZI NSVLRPLSI KYI ZPI
uMRQPQMRPI MQPQI QMZI zKMTORPQSI MVI MZI
XSXMVLSI QMI ZPI MVLRPQPI MVI uYTSRI QMZI
NSVLRPLSI M€NMQMI QMI ZSKI ZˆXYLMKI QMI
PQXYKY_VI MKLP[ZMNYQSKI ^SRI P˜O—ZaI JVI
SLRSI NPKSUI KYI NSXSI NSVKMNOMVNYPI QMI
OVPI QMNZPRPNY_VI YVM€PNLPI QMI ZPI MQPQI
QMZI zKMTORPQSI ZPI ^RYXPI ^PTPQPI MKI
YVWMRYSRIPIZPI˜OMINSRRMK^SVQMRˆPI^PTPRUI
MZI zKMTORPQSRI ^SQR\I RMNZPXPRI PI ZSKI
WPXYZYPRMKI QMZI zKMTORPQSI WPZZMNYQSI MZI
YX^SRLMI NSRRMK^SVQYMVLMI PI ZPI ^PRLMI
^RS^SRNYSVPZI QMI ZPKI ^RMKLPNYSVMKI
RMPZY`PQPKI ^SRI MZI zKMTORPQSRI KMTvVI ZPI
^RYXPI ˜OMI RMPZXMVLMI …O[YMRMI QM[YQSI
P[SVPRIMZIxSXPQSRIQMZIKMTORSaI
ON
ÈÉII ™PI ^RMKMVLMI ^_ZY`PI …PI KYQSI
NSVLRPLPQPI KS[RMI ZPI [PKMI QMI ZPKI
QMNZPRPNYSVMKI WSRXOZPQPKI ^SRI MZI
xSXPQSRI QMZI KMTORSI SI MZI zKMTORPQSI
MVI ZPI KSZYNYLOQ¤NOMKLYSVPRYSI ˜OMI ZMI …PI
KYQSI KSXMLYQSI ]I ˜OMI XSLYuPVI ZPI
PNM^LPNY_VI QMZI RYMKTSI ^SRI MZI
zKMTORPQSRUI NSVI ZPI PKOVNY_VUI ^SRI KOI
^PRLMUI QMI ZPKI S[ZYTPNYSVMKI QMRYuPQPKI
QMZI NSVLRPLSI PI NPX[YSI QMI ZPI ^RYXPI
NSRRMK^SVQYMVLMaI
ÌÉI JVI MZI KO^OMKLSI QMI YVQYNPNY_VI
YVM€PNLPI QMI ZPI WMN…PI QMI VPNYXYMVLSI
QMZI zKMTORPQSUI MZI zKMTORPQSRI K_ZSI
I
JVIMKLMINSVLRPLSIKMIMVLYMVQMI^SRÍI
ÈÉII qo»°¡”©rI
AL
TU
AC
ËÉI tYIMZINSVLMVYQSIQMIZPI^_ZY`PIQYWYMRMI
QMI ZPKI NZ\OKOZPKI PNSRQPQPKUI MZI
xSXPQSRI QMZI KMTORSI SI MZI zKMTORPQSI
^SQR\I RMNZPXPRI PZI zKMTORPQSRUI MVI MZI
^ZP`SI QMI OVI XMKI PI NSVLPRI QMKQMI ZPI
MVLRMTPIQMIZPI^_ZY`PUI^PRPI˜OMIKO[KPVMI
ZPIQYuMRTMVNYPIM€YKLMVLMaIIxRPVKNORRYQSI
QYN…SI ^ZP`SI KYVI MWMNLOPRI ZPI
RMNZPXPNY_VUI KMI MKLPR\I PI ZSI QYK^OMKLSI
MVIZPI^_ZY`PaI
cÑÒÓÔÕÖ×hØÙh
cÑÒÓÔÕÖ×hØÙhh
›ÚlelmlŒekh
ÚlelmlŒek
TR
ÊÉI ™PI KSZYNYLOQ¤NOMKLYSVPRYSI KOKNRYLPI
^SRI MZI xSXPQSRI QMZI KMTORSI SI MZI
zKMTORPQSI ]I MKLPI ^_ZY`PI NSVKLYLO]MVI
OVI LSQSI OVYLPRYSI WOVQPXMVLSI QMZI
KMTORSI˜OMIK_ZSIPZNPV`PUIQMVLRSIQMIZSKI
ZˆXYLMKI ^PNLPQSKUI PI ZSKI RYMKTSKI
MK^MNYWYNPQSKIMVIZPIXYKXPaI
™PI ^MRKSVPI WˆKYNPI LYLOZPRI QMZI YVLMR—KI
S[MLSI QMZI KMTORSI ˜OMUI MVI QMWMNLSI QMZI
xSXPQSRUI PKOXMI ZPKI S[ZYTPNYSVMKI
QMRYuPQPKIQMZINSVLRPLSaI
ÊÉI qo»°¡”©r¡I
tzÎxzI ™Ï£ÐzUI tazaUI £SX^P{ˆPI QMI
tMTORSKI ]I ŠMPKMTORSKUI ˜OMI PKOXMI MZI
RYMKTSINSVLRPNLOPZXMVLMI^PNLPQSaI
I
à
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
ÌÉI no¯o“©o“p‘”òI
ËÉII ëo“oì‘p‘”¡‘rI
ËÉ
VA
™PI ^MRKSVPI QMKYTVPQPI MVI ZPI ^_ZY`PI
^PRPI ^MRNY[YRI QMZI zKMTORPQSRI ZPKI
NPVLYQPQMKI ˜OMI —KLMI …P]PI QMI ^PTPRI
NSXSI NSVKMNOMVNYPI QMZI WPZZMNYXYMVLSI
QMZIzKMTORPQSUIKPZuSIMZIYX^SRLMIQMIZSKI
RuYNYSKI ˜OMI …O[YMRMVI KYQSI ^RMKLPQSKI
KMRuYNYSKI
NSVI NPRTSI PZI zKMTORPQSRUI ˜OMI KMR\VI
P[SVPQSKI ^SRI —KLMI QYRMNLPXMVLMI PI ZPKI
MVLYQPQMKI˜OMIZSKI…P]PVIMWMNLOPQSaI
RC
LO
JZI MKLPQSI QMI NPR\NLMRI ^MRXPVMVLMI MVI
˜OMI KMI MVNOMVLRPI MZI zKMTORPQSI ˜OMUI
^SRI RP`SVMKI QMRYuPQPKI QMI ZPI MQPQUI ZPI
MVWMRXMQPQI SI ZPI QYKNP^PNYQPQUI ]I
ZYTPQPKI PI ZPI WPZLPI SI PI ZPI ^—RQYQPI QMI
POLSVSXˆPIWˆKYNPUIXMVLPZUIYVLMZMNLOPZISI
KMVKSRYPZUI ^RMNYKPI QMI ZPI PLMVNY_VI QMI
SLRPI OI SLRPKI ^MRKSVPKI SI P]OQPKI
YX^SRLPVLMKI ^PRPI RMPZY`PRI PNLYuYQPQMKI
[\KYNPKIQMIZPIuYQPIQYPRYPISUIMVIMZINPKSI
QMI ^MRKSVPKI NSVI QYKNP^PNYQPQI
YVLMZMNLOPZI SI MVWMRXMQPQI XMVLPZUI QMI
SLRSKI P^S]SKI ^PRPI KOI POLSVSXˆPI
^MRKSVPZaI
‘Io“Io«Iµrµo“’rI©o«I씫«op‘µ‘o“’rI“rI
o“Io«Iµrµo“’rI©o«I씫«op‘µ‘o“’rI“rI
®°í‘o¡”I
°í‘o¡”I ëo“oì‘p‘”¡‘rI pr“p¡o’”µo
pr“p¡o’”µo“’oI
©oq‘»“”©rîI
oq‘»“”©rîI rI q°I ©oq‘»“”p‘¸“I ì°oqoI
“°«”îI
°«”îI
«”I
‘“©oµ“‘ï”p‘¸“I
qo¡³I
q”’‘qìop®”îI
qìop®”îI ¯r¡I r¡©o“I ¯¡oìo¡o“’oI ðI
o´p«°ðo“’oîI
p«°ðo“’oîI ”I «”qI ¯o¡qr“”qI ñ°oîI
¡oq¯op’rI”«Iqo»°¡”©rI씫«op‘©rîIqo”“òI
I”«Iqo»°¡”©rI씫«op‘©rîIqo”“òI
JZI ˜OMI WYTORPI MVI ZPI ^_ZY`PUI ˜OMI KMI
NSVKYQMRPR\I
NS
VKYQMRPR\I NSXSI MZI QMI KOI RMKYQMVNYPI
RMKYQMVNY
…P[YLOPZIPILSQSKIZSKIMWMNLSKaI
ON
óI °II p¸“ð°»oîI q‘oµ¯¡oI ñ°oI “rI oq’¨I
qo¯”¡”©rI«o»”«µo“’oIrI©oI®op®rÉI
öÉI nrµ‘p‘«‘rI©o«I¶rµ”©r¡IIIIIIIIIIII
©o«Iqo»°¡rI
óIôrqI¯”©¡oqIñ°oI«oIqrí¡o²‘²”“ÉI
óIôrqI”í°o«rqIñ°oI«oIqrí¡o²‘²”“ÉI
óII 씫’”I ©oI ’r©rqI «rqI ”“’o¡‘r¡oqîI «rqI
®o¡o©o¡rqI «o»”«oqI ©o«I qo»°¡”©rI
씫«op‘©rÉI
óIõ“I q°I ©oìop’rîI «”I ‘“©oµ“‘ï”p‘¸“I
ìr¡µ”¡³I ¯”¡’oI ©o«I ¯”’¡‘µr“‘rI ©o«I
¶rµ”©r¡I©o«Iqo»°¡rÉI
õ“Io«Iq°¯°oq’rI©oIñ°oI o«Iëo“oì‘p‘”¡‘rI
p”°qoI ©r«rq”µo“’oI o«I q‘“‘oq’¡rîI
ñ°o©”¡³I “°«”I «”I ©oq‘»“”p‘¸“I ®op®”I ”I
q°I씲r¡ÉI
JZI QSNOXMVLSI ˜OMI NSVLYMVMI ZPKI
NSVQYNYSVMKIRMTOZPQSRPKIQMZIKMTORSaII
¼SRXPVI ^PRLMI YVLMTRPVLMI QMI ZPI
ZPIIIII
}MVMRPZMKUIII
^_ZY`PI ZPKI £SVQYNYSVMKI }MVMRPZMKUI
ZPKI ‹PRLYNOZPRMKI ]I JK^MNYPZMKI ˜OMI
YVQYuYQOPZY`PVI MZI RYMKTSUI ]I ZSKI
˜OMIIIIIIIIIII
tO^ZMXMVLSKI ]I z^—VQYNMKI ˜OMI
KMI MXYLPVI PI ZPI XYKXPI ^PRPI NSX^ZM¤
XMVLPRZPISIXSQYWYNPRZPaI
AL
TU
AC
óIôrqI®o¡µ”“rqIñ°oI«oIqrí¡o²‘²”“ÉI
÷ÉII ·¸«‘ï”I
փ
TR
óI °qI®‘–rqîI”I¯”¡’oqI‘»°”«oqÉI ‘I”«»°“rI
®°í‘o¡”I 씫«op‘©rîI q°I ¯”¡’oI «”I
¯o¡p‘í‘¡³“I«rqI®‘–rqI©oI¨q’oIðIq‘I“rI«rqI
®°í‘o¡oîIqo¡³I¡o¯”¡’‘©”Io“’¡oI«rqI®‘–rqI
²‘²rqI©o«Iqo»°¡”©rÉI
øÉI ·¡‘µ”I
JZI ^RMNYSI QMZI KMTORSaI JZI RMNY[SI
NSVLMVQR\UI PQMX\KUI ZSKI RMNPRTSKI MI
YX^OMKLSKIQMIZMTPZIP^ZYNPNY_VaI
I
ùú
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
ĈÉII o¡²‘p‘rI
ĈÉ
!?CGD<¿@ĀÃÀA?ÇADDÁāFĂC@Â=>AAÇADC@>A¿D@FC?=C@
cÑÒÓÔÕÖ×hĔÙhh
VA
!?CGD<¿@ăÃĄ@>ÁÇÁD=DÁ@FAH>A¿D@FC?=C@
dڏmmlđehĕhfŒēch›h
JZI NSVOVLSI QMI MZMXMVLSKI
]I TMKLYSVMKI
ÚmfŒh›ŽhmŒefdcfŒh
VMNMKPRYPKI ^PRPI MWMNLOPRI ZPI!?CGD<¿@ąÃãAĆ=¿@?Áć=DÁāF
YV…OXP¤
YV
I
NY_VI SI YVNYVMRPNY_VI QMZI zKMTORPQSI
WPZZMNYQSI MVI ZPI ZSNPZYQPQI ˜OMI
˜OMIIIIIIIIIIIJZI NSVLRPLSI KMI ^MRWMNNYSVPI ^SRI MZI
NSVKMVLYXYMVLSI XPVYWMKLPQSI ^SRI ZPI
KOKI WPXYZYPRMKI QMKYTVMVI QMVLRSI QMZI
KOKNRY^NY_VI QMI ZPI ^_ZY`PI ^SRI ZPKIII
LMRRYLSRYSIVPNYSVPZIMK^P{SZaI
^PRLMKI NSVLRPLPVLMKaI ô”qI »”¡”“’º”qI
JZII tMRuYNYSI PI RMPZY`PRI KMI MKLP[ZMNMR\I
pr“’¡”’”©”qI ðI q°qI µr©‘ì‘p”p‘r“oqI rI
^SRI MZI zKMTORPQSRI MVI WOVNY_VI QMI ZPKI
”©‘p‘r“oqI“rI’rµ”¡³“Ioìop’rIµ‘o“’¡”qI
NPRPNLMRˆKLYNPKI]INSKLOX[RMKIM€YKLMVLMKI
“rI ®”ð”I q‘©rI q”’‘qìop®rI o«I ¡op‘írI ©oI
MVI ZPI ZSNPZYQPQI QMI WPZZMNYXYMVLSI ]I MVI
¯¡‘µ”îIq”«²rI¯”p’rIo“Ipr“’¡”¡‘rÉI
ZPI ZSNPZYQPQI QMI YV…OXPNY_VI SI
õ“I p”qrI ©oI ©oµr¡”I o“I o«I
YVNYVMRPNY_VaI
p°µ¯«‘µ‘o“’rI ©oI p°”«ñ°‘o¡”I ©oI
”µírqI¡oñ°‘q‘’rqîI«”qIrí«‘»”p‘r“oqI©o«I
ĉÉI ‘“‘oq’¡rI
qo»°¡”©r¡Iprµo“³“I”I«”qIĊI®r¡”qI
™PI SNORRMVNYPI QMI NOPZ˜OYMRI PNSVLM
PNSVLMNY¤
PNSV
LMNY¤
NY¤
©o«I ©º”I q‘»°‘o“’oI o“I ñ°oI ®”ð”“I q‘©rI
XYMVLSI ˜OMI QMLMRXYVMI PZTOVPI
p°µ¯«‘µo“’”©rqÉI
^RMKLPNY_VIPINPRTSIQMZIzKMTORPQSRI^SRI
P^ZYNPNY_VIQMIZPKITPRPVLˆPKINSVLRPLPQPKI
cÑÒÓÔÕÖ×hĒÙhh
cÑÒÓÔÕÖ×h
MVIZPI^_ZY`PaI
ON
RC
LO
ÈĊÉI °µ”I”qo»°¡”©”I
ÈÈÉI ¶rµ”©r¡I©o«Iqo»°¡rI
ÈÊÉI •‘”–oI
JZI QMK^ZP`PXYMVLSI QMZI zKMTORPQSI PI
X\KI QMI s††I ċYZ_XMLRSKI QMI KOI
QSXYNYZYSI …P[YLOPZI SI PZI M€LRPVMRSI ]I
^SRIOVILYMX^SIYVWMRYSRIPILRMKIXMKMKaI
‘I o«I ¶rµ”©r¡I rI o«I qo»°¡”©rI
p”µí‘”¡”I ©oI ©rµ‘p‘«‘rîI «rI ©oío¡³I
prµ°“‘p”¡I ”«I qo»°¡”©r¡îI ðI ¨q’oI
¯¡rpo©o¡³I ”I «”qI µr©‘ì‘p”p‘r“oqI
r¯r¡’°“”qIo“Io«Ipr“’¡”’rI©oIqo»°¡rÉI
AL
TU
AC
™PI ^MRKSVPI ˜OMUI OVLSI NSVI MZI
zKMTORPQSRUIKOKNRY[MIMKLMINSVLRPLSI]IPZI
˜OMI NSRRMK^SVQMVI ZPKI S[ZYTPNYSVMKI
˜OMI QMZI XYKXSI KMI QMRYuMVUI KPZuSI ZPKI
˜OMUI ^SRI KOI VPLORPZM`PUI QM[PVI KMRI
NOX^ZYQPKI^SRIMZIzKMTORPQSaI
Č
TR
JZI ZˆXYLMI X\€YXSI PI ^PTPRI ^SRI MZI
zKMTORPQSRIMVINPQPIKYVYMKLRSaI
ēŒ›lÚlmcmlŒekh›Žh
mŒefdcfŒh
mŒefdcfŒ
cÑÒÓÔÕÖ×hĎÙhh
ďcŽŒdlĐcmlđe
dďcŽŒdlĐcmlđeh
I
·”¡”I «”I »”¡”“’º”I í³q‘p”I ©oI nopoqrqI ðI
«”I »”¡”“’º”I r¯p‘r“”«I ©oI ­‘p®rI rI
o¯°«’°¡”I ”I §³´‘µ”I ¶oµ¯r¡”«‘©”©îI ðI
o“I o«I q°¯°oq’rI ©oI ñ°oI o«I ‘“p¡oµo“’rI
©oI «rqI prq’oqI ¡o”«oqI ©o«I qo¡²‘p‘rI
q°¯o¡o“I o“I °“I ÈĊI čI «rqI prq’oqI
oq’‘µ”©rqI ¯r¡I o«I qo»°¡”©r¡îI qoI
I
ù
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
¯¡r¯r“©¡³I ”«I ¶rµ”©r¡I !?CGD<¿@ĖÃ'@Â<FÁD=DÁ@FAH
«”I “°o²”I
cÑÒÓÔÕÖ×hĜÙhh
¯¡‘µ”I¡oq°«’”“’oÉI
!?CGD<¿@ėÃäAĂ=Ę¿ÁD=ę¿A
mŒēšelmcmlŒekh
VA
‘I o«I ¶rµ”©r¡I “rI ”po¯’”qoI «”I “°o²”I
¯¡‘µ”I ¯¡r¯°oq’”îI o«I qo»°¡”©r¡I q¸«rI
oq’”¡³I rí«‘»”©rI ”I «”I ¯¡oq’”p‘¸“I ©o«I
qo¡²‘p‘rI ì̓oí¡oI ®”q’”I «”I q°µ”I
”qo»°¡”©”ÉI
xSQPKI ZPKI NSXOVYNPNYSVMKI QMI ZPKI
^PRLMKI ˜OMI YVLMRuYMVMVI MVI MZI NSVLRPLSI
QM[MR\VI MWMNLOPRKMI ^SRI MKNRYLSI SI ^SRI
NOPZ˜OYMRI SLRSI XMQYSI YVQO[YLPQSI ˜OMI
^MRXYLPI ZPI uMRYWYNPNY_VI QMI ZPI NMRLM`PI
QMIZPKIWMN…PKIQMIMVuˆSI]IRMNM^NY_VUIPKˆI
NSXSIQMIKOINSVLMVYQSaI
RC
LO
tMI NSVuYMVMI ˜OMI ZPI KOXPI PKMTORPQPI
QMI ZPI TPRPVLˆPI QMI ·¡r’opp‘¸“I ¹°¡º©‘p”I
±“’o»¡”«I ]I KOI ^RYXPI NSRRMK^SVQYMVLMI
˜OMQPR\I XSQYWYNPQPI POLSX\LYNPXMVLMI
MVI NPQPI uMVNYXYMVLSI PVOPZI KYTOYMVQSI
ZPKIWZONLOPNYSVMKIQMZIÐVQYNMIQMI‹RMNYSKI
QMI £SVKOXSI ˜OMI ^O[ZYNPI MZI ŸVKLYLOLSI
ÎPNYSVPZI QMI JKLPQˆKLYNPI OI SRTPVYKXSI
˜OMIZMIKOKLYLO]PaI
Č
cÑÒÓÔÕÖ×hěÙhh
ŽĕhcŽlmciŽh
I
™PI ZM]I MK^P{SZPI KMR\I ZPI P^ZYNP[ZMI PZI
^RMKMVLMINSVLRPLSIQMIKMTORSaI
ON
AL
TU
AC
TR
I
ùù
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
ĝĞğĠġğĢģ
ŒiĬfŒhĕhœfeklđeh›ŽhkbšdŒI
!?CGD<¿@ĤÃâ=?=FCG=ęĥHÁD=
I
cÑÒÓÔÕÖ×hĭÙhh
ÑÒÓÔÕÖ×hĭÙhh
I c
bcdcefgchijklmch
bcdcefgchijklmc
VA
I
RC
LO
‰MVLRSI QMI
QM ZSKI
ZSK ZˆXYLMKI
ZˆXYLMK MKLP[ZMNYQSKI MVI
ZPKI NSVQYNYSVMKI
NSVQYNYSVMK QMI
QM MKLPI
MKLP ^_ZY`PUI MZI
zKMTORPQSRITPRPVLY`PIMZINOX^ZYXYMVLSI
TPRPVLY`P MZ NOX^ZYXYMVLS
QMI ZPKI ^RMKLPNYSVMKI
^RMKLPNYSVMK NSVuMVYQPKI
NSVuMVYQPK MVI ZPI
XYKXPUI MVI NPKSI QM
QMI SNORRMVNYP
SNORRMVNYPI QMI ZSKI
…MN…SKINO]PINS[MRLORPIKMIMK^MNYWYNPIPI
NS[MRLORP KM MK^MNYWYNP
NSVLYVOPNY_VÍI
QMI ZPKI POLSRYQPQMKI NSX^MLMVLMKI ^PRPI
MWMNLOPRI MZI LRPKZPQSI ]I —KLMI KMI RMPZYNMI
^SRIZPIMX^RMKPIQMIKMRuYNYSKIWOVMRPRYSKI
˜OMIMZIzKMTORPQSRIYVQY˜OMIPZINSXOVY¤
NPRKMIMZIKYVYMKLRSaI
ËÉI prµ¯”ħ”“’oIo“Ip”qrI©oIII
’¡”q«”©rI¯r¡I씫«op‘µ‘o“’rIIIII
o“Iõq¯”ħ”I
ON
™SKIWPXYZYPRMKIQMZIzKMTORPQSI˜OMI…P]PI
WPZZMNYQSIMVIJK^P{PINSXSINSVKMNOMV¤
NYPI QMI OVI PNNYQMVLMI PI X\KI QMI s††I
›mkŒkh
ċYZ_XMLRSKI QMI KOI QSXYNYZYSI ^SQR\VI
I
QMKYTVPRI PI OVPI ^MRKSVPUI NSVI
ÈÉI o¡²‘p‘rIì̓oí¡oI
RMKYQMVNYP
RMKYQMVNYPI MVI JK^P{PI ]I ˜OMI KMI
MVNOMVLRM
MVNOMVLRMI MVI JK^P{PI MVI MZI XSXMVLSI
JZI zKMTORPQSRI TPRPVLY`PI ZPI ^RMKLPNY_V
^RMKLPNY_VI
QMZI WPZZMNYXYMVLSU
WPZZMNYXYMVLSUI ZPI NOPZI LMVQR\I
QMZ
QMZI tMRuYNYSI WvVM[RMI PZI WPZZMNYXYMVLSI
QMRMN…SI PI ZSKI [YZZMLMKI VMNMKPRYSKI QMI
QMZI zKMTORPQSaI ‘I «”I ¯¡oq’”p‘¸“IIIIIII QMRMN…S
PuY_VI ĨNZPKM
ĨNZPKMI LORYKLPĩUI WMRRSNPRRYZI ĨsĪI
PuY_V
©o«I o¡²‘p‘rI “rI ì°o¡”I ¯rq‘í«oîI o«I
NZPKMĩ
S LRPVK
LRPVK^SRLM
^SRLM
NZPKMĩISILRPVK^SRLMI^v[ZYNSI]INSZMNLYuSI
qo»°¡”©r¡I ¡oq”¡p‘¡³I «rqI »”q’rqI rp”ª
X\KI YQ_VMSUI
^PRPI ˜OMI ^OMQPI uYPPRI
X\K
YQ_VMSU ^PRP
q‘r“”©rqîI ®”q’”I o«I «ºµ‘’oI ñ°oI 쑻°¡”I ”I
QMKQMI KO
KOI QSXYNYZYS
QSXYNYZYSI …PKLPI MZI ZOTPRI
oq’rqI oìop’rqI o“I «”qI Ħr“©‘p‘r“oqI
QSVQMI …P]PI
…P]P SNORRYQSI
SNORRYQS MZI KYVYMKLRSUI
·”¡’‘p°«”¡oqUIPI˜OYMVIPNRMQYLMIKOWYNYMV¤
LRPKZPQ\VQSKM
^SKLMRYSRXMVLM
LRPKZPQ\VQSKMI
^SKLMRYSRXMVLMI
PZI ZOTPRI
LMXMVLMI …P[MRI KPLYKWMN…SI ZSKI TPKLSKI
NY_V S
QMI YV…OXPNY_VI
SI YVNYVMRPNY_V
YVNYVMRPNY_VI MVI
SRYTYVPQSKI ^SRI MZI WPZZMNYXYMVLSI QMZI
JK^P{PI PNSX^P{PVQS
PNSX^P{PVQSI PZ
PZI WPZZMNYQS
WPZZMNYQSI ]UI
zKMTORPQSaI
RMTRMKPR …PKLP ZP ZSNPZYQPQ
WYVPZXMVLMUIRMTRMKPRI…PKLPIZPIZSNPZYQPQI
QMIKOIQSXYNYZYSIMVIJK^P{PaI
ÊÉI ¶¡”q«”©rI“”p‘r“”«IIIIIIIIIIIIIIII
¯r¡I씫«op‘µ‘o“’rI
N…S MV
J€YKLYR\I MZI XYKXSI QMRMN…SI
MVI MZ
MZI NPKS
NPKSI
AL
TU
AC
TR
tMR\VI ^SRI NOMVLPI QMZI zKMTORPQSRI ZPKI
TMKLYSVMKI ]I TPKLSKI VMNMKPRYSKI ^PRPI MZI
LRPKZPQSI QMZI zKMTORPQSI ˜OMI WPZZM`NPI
MVI NOPZ˜OYMRI ZOTPRI QMZI LMRRYLSRYSI
MK^P{SZI PZI NMXMVLMRYSI XOVYNY^PZI SI
^PRRS˜OYPZISIPZINRMXPLSRYSIMVIJK^P{PUI
˜OMI —KLMI SI KOKI WPXYZYPRMKI …P]PVI
QMKYTVPQSISIQMKYTVMVUIKYMX^RMI˜OMIVSI
M€YKLPI YX^MQYXMVLSI PZTOVSI ^SRI ^PRLMI
QMZI zKMTORPQSI RMKYQMVLM
RMKYQMVLMI MV
MVI ZP
ZPI
^MVˆVKOZPI ˜OMI WPZZM`NPI MV
MVI £MOLPU
£MOLPUI
] MVI
MV MZI
MZ
¬MZYZZPUI īPZMPRMKI ]I £PVPRYPKI ]I
QMZI zKMTORPQSI RMKYQMVLMI MVI MKLSK
MKLSKI
ZP
LMRRYLSRYSKI ˜OMI WPZZM`NPI MVI ZPI
^MVˆVKOZPUI KMPI NOPZI WOMRMI ZPI NPOKPI QM
QMI
WPZZMNYXYMVLSaI
I
ùĮ
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
ÌÉI į”q’rqI©oIoq’”“p‘”I¯”¡”IIIII
ÌÉ
”prµ¯”ħ”“’oIo“Ip”qrI©oIIIIIIIIII
씫«op‘µ‘o“’rI
VA
tYI MZI PNSX^P{PVLMI QM[YMRPI ^MR
^MRXPVM¤
WPZZMNYXYMVLSIIIIIII
NMRI MVI MZI ZOTPRI QMI WPZZMNYXYMVLSI
^SRI LR\XYLMKI RMZPNYSVPQSKI NSVI MZI
LRPKZPQSI QMZI zKMTORPQSI WPZZMNYQSUI MZI
zKMTORPQSRIRMYVLMTRPR\UI^RMuYPI^RMKMV¤
LPNY_VI
NY_VI QMI ZPKI WPNLORPKI SRYTYVPZMKI
NSRRMK^SVQYMVLMKUI ZSKI TPKLSKI QMI
PZSPXYMVLSI ]I XPVOLMVNY_VI ݐ ¶I
ÈÊöI õıIJij I n±IJ±ij I Ħij­I ı­I
§Ĵĵ±§ijInõIn±õĶInķ ÉI
÷ÉI prµ¯”ħ”“’oIo“Ip”qrI©oIII
’¡”q«”©rI¯r¡I씫«op‘µ‘o“’rIIIII
o“Io«Io´’¡”“–o¡rI
RC
LO
™SKI WPXYZYPRMKI QMZI zKMTORPQSI ˜OMUI
MVNSVLR\VQSKMI QMI uYPMUI …O[YMRMI
WPZZMNYQSI MVI MZI M€LRPVMRSUI ^SQR\VI
QMKYTVPRI PI OVPI ^MRKSVPUI NSVI RMKYQMV¤
NYPI MVI JK^P{PI ]I ˜OMI KMI MVNOMVLRMIIIII
MVI JK^P{PI MVI MZI XSXMVLSI QMZI
WPZZMNYXYMVLSUIZPINOPZILMVQR\IQMRMN…SIPI
ZSKII[YZZMLMKIVMNMKPRYSKIQMIPuY_VIĨNZPKMI
LORYKLPĩUI WMRRSNPRRYZI ĨsĪI NZPKMĩI SI
LRPVK^SRLMI ^v[ZYNSI ]I NSZMNLYuSI X\KI
YQ_VMSUI ^PRPI ˜OMI ^OMQPI uYPPRI QMKQMI
KOIQSXYNYZYSI…P[YLOPZIMVIJK^P{PI…PKLPI
MZI ZOTPRI QSVQMI …P]PI SNORRYQSI MZI
KYVYMKLRSUI LRPKZPQ\VQSKMI ^SKLMRYSRXMV¤
LMI PZI ZOTPRI QMI YV…OXPNY_VI SI
YVNYVMRPNY_VIMVIJK^P{PIPNSX^P{PVQSI
PZI WPZZMNYQSI ]UI WYVPZXMVLMUI RMTRMKPRI
…PKLPI ZPI ZSNPZYQPQI QMI KOI QSXYNYZYSI MVI
JK^P{PaI
t_ZSI^SQR\IOLYZY`PRKMIMKLPITPRPVLˆPIKYIKMI
…O[YMRPI …MN…SI OKSI QMI ZPI TPRPVLˆPI
prµ¯”ħ”“’oIo“Ip”qrI©oI’¡”q«”©rI¯r¡I
씫«op‘µ‘o“’rÉI
ON
öÉI ¶¡”q«”©rI‘“’o¡“”p‘r“”«IIIIIIII
¯r¡I씫«op‘µ‘o“’rI
øÉII į”q’rqI©oIoq’”“p‘”I¯”¡”I
øÉ
”prµ¯”ħ”“’oIo“Ip”qrI©oIIIIII
”prµ¯”ħ”“’oIo“Ip”qrI©oI
씫«op‘µ‘o“’rIo“Io«Io´’¡”“–o¡rI
TR
tYI MZI PNSX^P{PVLMI QM[YMRPI ^MR
^MRXPVM¤
NMRI MVI MZI ZOTPRI QMI WPZZMNYXYMVLSI
WPZZMNYXYMVLSIIIIIII
^SRI LR\XYLMKI RMZPNYSVPQSKI NSVI MZI
LRPKZPQSI QMZI zKMTORPQSI WPZZMNYQSUI MZI
zKMTORPQSRIRMYVLMTRPR\UI^RMuYPI^RMKMV¤
IRMYVLMTRPR\UI^RMuYPI^RMKMV¤
LPNY_VI
NY_VI QMI ZPKI WPNLORPKI SRYTYVPZMKI
NSRRMK^SVQYMVLMKUI ZSKI TPKLSKI QMI
PZSPXYMVLSI ]I XPVOLMVNY_VI ݐ ¶I
ÈöĊI õıIJij I n±IJ±ij I ĸI Ħij­I ı­I
§Ĵĵ±§ijInõIn±õĶInķ ÉI
AL
TU
AC
tMR\VI ^SRI NOMVLPI QMZI zKMTORPQSRI ZPKI
TMKLYSVMKI ]I TPKLSKI VMNMKPRYSKI ^PRPIIIII
MZI LRPKZPQSI QMZI zKMTORPQSI ˜OMUI
MVNSVLR\VQSKMI QMI uYPMUI WPZZM`NPI MVI
NOPZ˜OYMRI ZOTPRI QMZI XOVQSI …PKLPI MZI
NMXMVLMRYSI XOVYNY^PZI SI ^PRRS˜OYPZI SI
PZI NRMXPLSRYSI MVI JK^P{PI ˜OMI —KLMIIIIIII
SI KOKI WPXYZYPRMKI …P]PVI QMKYTVPQSI SI
QMKYTVMVUI KYMX^RMI ˜OMI VSI M€YKLPI
YX^MQYXMVLSI PZTOVSI ^SRI ^PRLMI QMI ZPKI
POLSRYQPQMKINSX^MLMVLMKI^PRPIMWMNLOPRI
MZI LRPKZPQSI ]I —KLMI KMI RMPZYNMI ^SRI ZPKI
MX^RMKPKI QMI KMRuYNYSKI WOVMRPRYSKI ˜OMI
MZIzKMTORPQSRIYVQY˜OMIPZINSXOVYNPRKMI
MZIKYVYMKLRSaI
t_ZSI^SQR\IOLYZY`PRKMIMKLPITPRPVLˆPIKYIKMI
…O[YMRPI …MN…SI OKSI QMI ZPI TPRPVLˆPI
prµ¯”ħ”“’oIo“Ip”qrI©oI’¡”q«”©rI¯r¡I
씫«op‘µ‘o“’rIo“Io«Io´’¡”“–o¡rÉI
I
ùĹ
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
ĈÉI q‘q’o“p‘”I©rµ‘p‘«‘”¡‘”IIIIIIIIIIII
ĈÉ
”I«”I씵‘«‘”Io“Ip”qrI©oIIIIIII
©oq¯«”‘o“’rI–°“’rI”«IIII
©oq¯«”‘o“’rI–°“’rI”«I
qo»°¡”©rI씫«op‘©rI
ÈĊÉI ij’r¡»”µ‘o“’rI©oIIIIIIIIIIIIIIII
’oq’”µo“’rI“r’”¡‘”«Io“Iõq¯”ħ”I
VA
tYI MZI zKMTORPQSI QMNYQYMKMI SLSRTPRI
LMKLPXMVLSI VSLPRYPZI MVI JK^P{PI SI
tYI MVI MZI LRPVKNORKSI QMI OVI uYPMI MZI
XSQYWYNPRI SLRSI SLSRTPQSI ^RMuYPXMVLMUI
MTORPQSI WPZZMNYMRPI ]I KOI N_V]OTMI VSI
zKMTORPQSI
MZI zKMTORPQSRI KMI …PR\I NPRTSUI ¯r¡IIII
KM^PRPQSI ZMTPZXMVLMI SI QMI …MN…SI SI
°“”I qr«”I ²oïUI QMI ZSKI …SVSRPRYSKI
NSVuYuYMKMIIIIIIIIII
^MRKSVPI NSVI ZPI ˜OMI NSVuYuYMKMI
QMuMVTPQSKI^SRIMZIÎSLPRYSIPOLSRY`PVLMI
QMI WSRXPI ^MRXPVMVLMI MVI PV\ZSTPI
RMMX[SZKPVQSI PZI zKMTORPQSI MZI
RMZPNY_VI QMI PWMNLYuYQPQI KMI QMK^ZP`PRPUI
YX^SRLMI KPLYKWMN…SUI ^RMuYPI ^RMKMVLP¤
MVI uYRLOQI QMI ZPKI TPRPVLˆPKI
NY_VIQMIZPIWPNLORPISRYTYVPZIP[SVPQPaI
prµ¯”ħ”“’oIo“Ip”qrI©oI’¡”q«”©rI¯r¡I
씫«op‘µ‘o“’rI o“I õq¯”ħ”I ðI o“I o«I
­rI ñ°o©”“I p°í‘o¡’rqI «rqI ®r“r¡”¡‘rqI
o´’¡”“–o¡rUI …PKLPI MZI ZOTPRI Q
QMI
“r’”¡‘”«oqI pr¡¡oq¯r“©‘o“’oqI ”I r’¡rqI
SNORRMVNYPIQMZIKYVYMKLRSIQMPVQSIKSZSKI
r’r¡»”“’oqI ”°“ñ°oI ®”ð”“I ‘“’o¡²o“‘©rI
PI …YSKI XMVSRMKI QMI QYMNYKYMLMI P{SKI SI
o“I o«I µ‘qµrI ‘“q’¡°µo“’rI ñ°oI o«I
^MRKSVPKI XP]SRMKI QMI KMKMVLPI ]I NYVNSI
qo»°¡”©rîI ”qºI prµrI «rqI ®r“r¡”¡‘rqI
VMVLM
VMV
LM¤¤
NSVI ZPKI ˜OMI NSVuYuYMKMI ^MRXPVMVLM¤
©o²o“»”©rqI ¯r¡I o«I r’r¡»”µ‘o“’rI ©oI
©
LMUI MZI zKMTORPQSRI RMYVLMTRPR\IIIII
RMYVLMTRPR\IIIII pr©‘p‘«rqI ðI oqp¡‘’°¡”qI ¯Ěí«‘p”qI ñ°oI
XMVLMUI
ZSKI TPKLSKI SNPKYSVPQSKI ^SRI ZPI
pr“’o“»”“I ¯”p’rqI q°poqr¡‘rqI ðI
NSVLRPLPNY_VI QMI ZSKI KMRuYNYSKI
©r“”p‘r“oqI
µr¡’‘qI
p”°q”I
rI
QMKLYVPQSKI PZI NOYQPQSI QMI ZSKI XYKXSKUI
°“‘²o¡q”«oqÉI
NSVI OVI ôķ§±¶õI nõI ÷ĊI õıIJij I
n±IJ±ij I ĸI ı­I §Ĵĵ±§ijI nõI n±õĶI
ÈÈÉII q‘q’o“p‘”I–°¡º©‘p”Io“I
ÈÈÉ
q‘q’o“p‘”I–°¡º©‘p”Io“IIIIIIIIII
nķ ÉI
p”qrI©oI씫«op‘µ‘o“’rI
ON
RC
LO
ÈÈÉÈÉI ijí’o“p‘¸“I©oI©rp°µo“’”p‘¸“I
JVI NPKSI QMI WPZZMNYXYMVLSI QMZI
zKMTORPQSI QMRYuPQSI QMI OVI KYVYMKLRSI
PX^PRPQSI MVI ZPI ^_ZY`PUI KMR\VI
KMR\VIIIIIIIIII
^SRI NOMVLPI QMZI zKMTORPQSRI ZPKI
TMKLYSVMKI ]I TPKLSKI VMNMKPRYSKI ^PRPI ZPI
S[LMVNY_VI SI LRPXYLPNY_VI QMI ZPI
KYTOYMVLMIQSNOXMVLPNY_VIPQXY
KYTOYMVLMIQSNOXMVLPNY_VIPQ
XYVYKLRP
VYKLRPLY
LY
KYTOYMVLMIQSNOXMVLPNY_VIPQXYVYKLRPLY¤
uPUI KYMX^RMI ]I NOPVQSI ZPI XYKXPI
RPQY˜OMI MVI ŠMTYKLRSKUI ‡RTPVYKXSKI SI
ŸVKLYLONYSVMKI KYLOPQPKI MVI LMRRYLSRYSI
MK^P{SZÍI
AL
TU
AC
tYI MZI zKMTORPQSI uYPPRPI MVI NSX^P{ˆPI
QMI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKI]I
—KLSKI ˜OMQPKMVI KYVI PKYKLMVNYPI PI NPOKPI
QMZI WPZZMNYXYMVLSI QMZI zKMTORPQSI NSVI
XSLYuSI QMI OVI RYMKTSI NO[YMRLSI MVI ZPI
^_ZY`PUI MZI zKMTORPQSRI SRTPVY`PR\I PI KOI
NPRTSIMZIRMTRMKSIQMIZSKIXMVSRMKI…PKLPI
KOI QSXYNYZYSI MVI JK^P{PUI NSVI
PNSX^P{PXYMVLSI ˜OMI TPRPVLYNMI KOI
NOYQPQSIKYIWOMRPIVMNMKPRYSaI
TR
ĉÉI q‘q’o“p‘”I”I«rqI®‘–rqIµo“r¡oqI
©oI©‘op‘q‘o’oI”ħrqI©o«IIIIIIII
qo»°¡”©rI씫«op‘©rIo“I²‘”–oII
PĩI£OPVQSI ZSKI WPXYZYPRMKI QMZI
zKMTORPQSI WPZZMNYQSI WPNYZYLMVI ZPI
I
ùž
II
!HÁHCAFDÁ=(ûüýþÿ
N
SI
YVWSRXPNY_VIVMNMKPRYPUIKMIRMPZY`PR\VI
ZSKILR\XYLMKI^PRPIZPIS[LMVNY_VIQMÍI
“opoq”¡‘rI ¯”¡”I «”I rí’o“p‘¸“I ©oI «”I
q‘»°‘o“’oI©rp°µo“’”p‘¸“òI
saI £MRLYWYNPNYSVMKI QMZI ŠMTYKLRSI
saI
£YuYZUI MVI M€LRPNLSI SI ZYLMRPZUI QMI
QMWOVNY_VUI VPNYXYMVLSI ]I XPLRY
XPLRYXS¤
VYSI QMZI zKMTORPQSI ]I QMI
VPNYXYMVLSI QMI KOKI …YSKI SI
NOPZMK˜OYMRPI SLRSKI ˜OMI KMI MKLYXMVI
VMNMKPRYSKI ^PRPI ZPI ^RM^PRPNY_VI QMI
ZPIQMNZPRPNY_VIQMI…MRMQMRSKaI
saI £MRLYWYNPQSI QMI XPLRYXSVYSI QMZI
zRN…YuSIJNZMKY\KLYNSaI
VA
waI £MRLYWYNPQSI QMZI ŠMTYKLRSI QMI
‹PRMPKIQMIļMN…SaI
yaI £S^YPIQMZILMKLPXMVLSISLSRTPQSI
^SRIMZIzKMTORPQSIWPZZMNYQSaI
RC
LO
QMZI
ŠMTYKLRSI
waII £MRLYWYNPQSI
VMRPZI QMI zNLSKI QMI ĺZLYXPI
}MVMRPZI
¢SZOVLPQIQMZIzKMTORPQSa
¢SZOVLPQIQMZIzKMTORP
QSa
¢SZOVLPQIQMZIzKMTORPQSaI
yaII £MRLYWYNPQSI QMZI ŠMTYKLRSI QMI
£SVLRPLSKIQMItMTORSKIQMI£S[MRLORPI
QMI¼PZZMNYXYMVLSaI
ÈÈÉÊÉI qoqr¡”µ‘o“’rIo´’¡”–°©‘p‘”«I
JZI zKMTORPQSRI ^RMKLPR\I MZI KMRuYNYSI QMI
YVWSRXPNY_VUI SRYMVLPNY_VI ]I PPKMKSRP¤
XYMVLSI LMZMW_VYNSI ˜OMI ^OQYMRPVI
^RMNYKPRI ZSKI WPXYZYPRMKI QMZI zKMTORPQSI
WPZZMNYQSI ©o¡‘²”©rI o´p«°q‘²”µo“’oI ©oI
«”qI pr“q°«’”qI ñ°oI qoI ¯¡r©°ïp”“I pr“I
¡o«”p‘¸“I ”I «”qI q‘»°‘o“’oqI »oq’‘r“oqI ðI
”p’°”p‘r“oqòI
ON
|aII īPPI QMZI zKMTORPQSI WPZZMNYQSI
NSXSI OKOPRYSI QMZI tYKLMXPI ‹v[ZYNSI
tPVYLPRYSI]ĻSINSXSI^MVKYSVYKLPIQMZI
ŸVKLYLOLSI ÎPNYSVPZI QMI ZPI tMTORYQPQI
tSNYPZI SI QMZI NSRRMK^SVQYMVLMI
‡RTPVYKXSI QMI ZPI £SXOVYQPQI
zOL_VSXPUI KYI MKLPI NSX^MLMVNYPI ZMI
MKLOuYMRPI LRPVKWMRYQPUI SI QMI ZPI
¬OLOPZYQPQI QMI WOVNYSVPRYSKI SI
ŸVKLYLOLSINSRRMK^SVQYMVLMaI
ô”I rí’o“p‘¸“I ©oI «”I ©rp°µo“’”p‘¸“I
”©µ‘“‘q’¡”’‘²”I ©o’”««”©”I o“I «rqI
”¯”¡’”©rqI ”ĽI ðI íĽI ”“’o¡‘r¡oqîI qoI
¡o”«‘³I ”’o“©‘o“©rI «”I ¯o’‘p‘¸“I
¡o”«‘”I ¯r¡I «rqI 씵‘«‘”¡oqI ©o«I
qo»°¡”©rI씫«op‘©rÉI
waI £MRLYWYNPQSI XOVYNY^PZI QMI
NSVuYuMVNYPINSVIMZIzKMTORPQSaI
NĩIõ“I «rqI p”qrqI o“I ñ°oI qo”I
‘µ¯¡oqp‘“©‘í«oI «”I ¯¡oqo“p‘”I ©oI «rqI
씵‘«‘”¡oqîI o«I qo»°¡”©r¡I «‘µ‘’”¡³II
«”I ¯¡oq’”p‘¸“I ”«I ”qoqr¡”µ‘o“’rI
”ĽI °poq‘r“oqÉI
I °poq‘r“oqÉI zKMKSRPXYMVLSI ^PRPI
ZPI RMPZY`PNY_VI QMZI YVuMVLPRYSI QMI
[YMVMKUI S^MRPNYSVMKI ^PRLYNYSVPZMKUI
ZY˜OYQPNY_VI QMI S[ZYTPNYSVMKI WYKNPZMKI
MIYVKNRY^NYSVMKIRMTYKLRPZMKIQMRYuPQPKI
QMILSQSIMZZSaI
AL
TU
AC
saI īPPI QMZI zKMTORPQSI WPZZMNYQSI
MVIMZI™Y[RSIQMI¼PXYZYPaI
TR
[ĩIxRPKI ZPI P^SRLPNY_VI QMI ZPI
QSNOXMVLPNY_VI VMNMKPRYPI ^SRI ZSKI
WPXYZYPRMKI QMZI I zKMTORPQSI WPZZMNYQSUI
KMILRPXYLPR\IZPIS[LMVNY_VIQMÍI
I o»°¡rqÉI zKMKSRPXYMVLSI ^PRPI ZPI
íĽI o»°¡rqÉI
RMNZPXPNY_VI QMI ZSKI QMRMN…SKI ]I
[MVMWYNYSKI ˜OMI PKYKLPVI PI ZSKI
WPXYZYPRMKI QMZI zKMTORPQSI WPZZMNYQSI
WRMVLMI PI SLRPKI PKMTORPQSRPKI QYKLYVLPKI
QMZI zKMTORPQSRI SI }MKLSRPKI QMI
¼SVQSKI QMI ‹MVKYSVMKUI ^SRI NSVLRPLSKI
˜OMIP˜O—ZILOuYMRPIKOKNRYLSKaI
I
ù¦
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
pĽ
pĽI·¡r©°p’rqI 쑓”“p‘o¡rqÉI zKMKSRP¤
XYMVLSI ^PRPI ZPI RMNZPXPNY_VI QMI ZSKI
QMRMN…SKI ]I [MVMWYNYSKI ˜OMI PKYKLPVI PI
ZSKI WPXYZYPRMKI RMK^MNLSI QMI īPVNSKUI
£PPKI QMI z…SRRSKI ]I SLRPKI JVLYQPQMKI
¼YVPVNYMRPKI ^SRI LSQSI LY^SI QMI
NSVLRPLSKI SI PNLYuSKI WYVPVNYMRSKI QMI
ZSKI˜OMIWOMRPILYLOZPRISI[MVMWYNYPRYSIMZI
zKMTORPQSIWPZZMNYQSaI
ÈÈÉËÉI nrp°µo“’”p‘¸“I¯”¡”I«”IIIIIII
qr«‘p‘’°©I©oI¯o“q‘r“oqI
VA
JZI zKMTORPQSRUI PI ^MLYNY_VI QMI ZSKI
WPXYZYPRMKI QMZI zKMTORPQSI WPZZMNYQSUI ]I
OVPI uM`I RMNP[PQSKI ZSKI QPLSKI
VMNMKPRYSKUI RMXYLYR\I QM[YQPXMVLMI
NOX^ZYXMVLPQSKI PI ZSKI XYKXSKI ZSKI
QSNOXMVLSKI QMI KSZYNYLOQI QMI ZPKI
^MVKYSVMKI QMI uYOQMQPQUI SRWPVQPQI ]ĻSI
IĦr“’¡”’rqI ©oI ”¡¡o“©”µ‘o“’rÉI
PO€YZYSI ^SRI QMWOVNY_VUI NSVI ZSKI
©ĽIĦr“’¡”’rqI
NMRLYWYNPQSKI VMNMKPRYSKI ^PRPI KOI
XYMVLSIKS[RMIZPKITMKLYSVMKIPI
zKMKSRPXYMVLSIKS[RMIZPKITMKLYSVMKIPI
QMIIIII S[LMVNY_VUI PKˆI NSXSI ZPKI YVKLRONNYSVMKI
RMPZY`PRI ^PRPI ZPI KO[RSTPNY_VI QMI
NSVLRPLSKIIIIIII ]I NSXOVYNPNYSVMKI QMI ZPI SWYNYVPI QMIIII
ZSKI WPXYZYPRMKI MVI ZSKI NSVLRPLSKI
ZPI tMTORYQPQI tSNYPZI SI QMI ZPI
QMI PRRMVQPXYMVLSI KS[RMI [YMVMKI
¬OLOPZYQPQIQMIWOVNYSVPRYSKISIŸVKLYLOLSI
YVXOM[ZMKI WSRXPZY`PQSKI ^SRI MZI
NSRRMK^SVQYMVLMI X\KI NMRNPVSI PI KOI
zKMTORPQSI WPZZMNYQSI MVI NPZYQPQI QMI
QSXYNYZYSI^PRPIKOI^RMKMVLPNY_VaI
PRRMVQPQSRISIPRRMVQPLPRYSaI
RC
LO
ÈÈÉÌÉI įoq’‘¸“I©oI«”I©op«”¡”p‘¸“I©oI
®o¡o©o¡rqîI©oI«”qIoqp¡‘’°¡”qII
©oI”po¯’”p‘¸“IrI¡o“°“p‘”I©oI
®o¡o“p‘”IoI‘“qp¡‘¯p‘¸“Io“Io«I
IJo»‘q’¡rI©oI«”I·¡r¯‘o©”©I
ON
oĽIĦ”µí‘rqI ©oI ’‘’°«”¡‘©”©ÉI zKMKSRP¤
KMKSRP
KMKS
RP¤¤
XYMVLSI ^PRPI ZZMuPRI PI MWMNLSI MZI
NPX[YSI QMI LYLOZPRYQPQI QMI uM…ˆNOZSKI
PVLMI ZPI ‰YRMNNY_VI }MVMRPZI QMI
xR\WYNSUI PKˆI NSXSI QMI ZSKI NSVLRPLSKI
QMI KOXYVYKLRSI QMI PTOPUI MVMRTˆPI
MZ—NLRYNPUILMZ—WSVSI]ITPKaI
AL
TU
AC
I
TR
ìĽI IJop«”µ”p‘¸“I”I’o¡po¡rqÉIzKMKSRP¤
XYMVLSI ^PRPI MWMNLOPRI RMNZPXPNY_VI
QMI RMK^SVKP[YZYQPQI ^SRI ZSKI QP{SKI ]I
^MROYNYSKIKOWRYQSKI^SRIZSKIWPXYZYPRMKI
QMZI
zKMTORPQSI
WPZZMNYQSI
PI
NSVKMNOMVNYPI QMZI …MN…SI ˜OMI
QMLMRXYVPI OVI KYVYMKLRSI NO[YMRLSI ^SRI
ZPI ^_ZY`PUI NOPVQSI MZI XYKXSI KMPI
YX^OLP[ZMI PI LMRNMRSKUI PKˆI NSXSI
RMK^MNLSI QMI ZPI PNNY_VI QYRMNLPI ˜OMI
^OQYMRPI NSRRMK^SVQMRZMKI WRMVLMI PI ZPI
JVLYQPQI zKMTORPQSRPI QMZI NPOKPVLMI
QMIZSKIQP{SKaI
JZI zKMTORPQSRI ^RMKLPR\I PI ZSKI
QMKNMVQYMVLMKUI PKNMVQYMVLMKI ]ĻSI
N_V]OTMI QMZI zKMTORPQSI WPZZMNYQSI MZI
PKMKSRPXYMVLSI ORˆQYNSI VMNMKPRYSI MVI
JK^P{PIPIWYVIQMI˜OMUIXMQYPVLMIPNLPIQMI
VSLSRYMQPQUI ^OMQPVI KMRI QMNZPRPQSKI
VSLPRYPZXMVLMI vVYNSKI …MRMQMRSKI P[I
YVLMKLPLSI QMZI
MZI zKMTORPQSI WPZZMNYQSUI PKˆI
NSXSI ^PRPI SLSRTPRI MVI JK^P{PI
JK^P{PIIIIIIIII
PVLMI ÎSLPRYSI ZPKI NSRRMK^SVQYMVLMKI
MKNRYLORPKI ^v[ZYNPKI QMI PNM^LPNY_VI SI
RMVOVNYPIQMI…MRMVNYPaI
zKYXYKXSUI MZI zKMTORPQSRI ^RMKLPR\I ZPI
PKYKLMVNYPIORˆQYNPI˜OMI^RMNYKMVIQYN…PKI
^MRKSVPKI^PRPUIMVIKOINPKSUIYVKNRY[YRIMVI
MZI ŠMTYKLRSI QMI ZPI ‹RS^YMQPQI ˜OMI
NSRRMK^SVQPI ZSKI M€LRMXSKI QMI QYN…SKI
I
ù½
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
VA
zKYXYKXSUI NOPVQSI ZSKI X—QYNSKI ˜OMI
YVKLROXMVLSK ^v[ZYNSKI !?CGD<¿@ľÃâ=?=FCG=H@ĘDÁ@F=¿AH
YVKLROXMVLSKI
˜OMI RMKOZLMVI
PKYKLPVI PZI zKMTORPQSI MVWMRXSI SI
VMNMKPRYSKa
VMNMKPRYSKaI
PNNYQMVLPQSI ZSI POLSRYNMVI MVI WOVNY_VI
ôrqI ®r“r¡”¡‘rq
ôrq
®r“r¡”¡‘rqI ©o²o“»”©rqI ¯r¡I «”I
QMI KOI MKLPQSI ]I P^LYLOQI ^PRPI uYPPRUI MZI
‘“’o¡²o“p‘¸“I
‘“’o¡²o“p‘¸“
’o¡²o“p‘¸“ ©oI ìo©”’”¡‘rqI ¯Ěí«‘prqîI
zKMTORPQSRIKMI…PR\INPRTSIQMIZSKITPKLSKI
”qºIprµrI«rqI’¡‘í°’rqI©oI«rqIñ°oîIo“Iq°I
prµr «rq ’¡‘í°’rq
^PRPI KOI LRPKZPQSI MVI PX[OZPVNYPI …PKLPI
ì°o¡”“ q°–o’rq
q°–o’rqI ¯”q‘²rqI ©‘p®rqI
p”qrîI ì°o¡”“I
MZI NMVLRSI KPVYLPRYSI X\KI ^R_€YXSI PI KOI
®o¡o©o¡rqI
©o¡rq qo¡³“
qo¡³“I ”I p”¡»rI ©oI «rqI
QSXYNYZYSaI
µ‘qµrqÉI
õq’”I prío¡’°¡”I qr«”µo“’oI q°¡’‘¡³I
oìop’rI p°”“©rI «”I o“ìo¡µo©”©I rI o«I
p”qr ñ°o©” p°í‘o¡’”
õ“I“‘“»Ě“Ip”qrIñ°o©”Ip°í‘o¡’”I¯r¡I«”I
”pp‘©o“’oI ®”ð”“I rp°¡¡‘©rI ”I µ³qI ©oI
»”¡”“’º” «”
¯¡oqo“’oI »”¡”“’º”I
«”I »oq’‘¸“
»oq’‘¸“I ©oI «”qI
ÊĊI Ŀ‘«¸µo’¡rqI ©o«I ©rµ‘p‘«‘rI ©o«I
oqp¡‘’°¡”q ¯Ěí«‘p”qI
¯Ěí«‘p”q
pr¡¡oq¯r“©‘o“’oqI oqp¡‘’°¡”qI
qo»°¡”©rÉI
©oI ¯¡r’rpr«‘ï”p‘¸“I ©o
©oI r¯o¡”p‘r“oq
r¯o¡”p‘r“oqI
¯”¡’‘p‘r“”«oqI rI ©oI ”©–°©‘p”p‘¸“
”©–°©‘p”p‘¸“I ©o
©oI «”I
ÊÉI “°«”p‘¸“I©oI²‘”–oI
®o¡o“p‘”I©o«Iqo»°¡”©rI씫«op‘©rÉI
씫«op‘‘©rÉ
씫«op
RC
LO
cÑÒÓÔÕÖ×hŀÙhh
bcdcefgckhŒmlŒecŽkh
ON
I
tYI KMI PVOZPRPI MZI uYPMI ]PI NSVNMRLPQSI
^SRIMZIzKMTORPQSI^SRIKOIWPZZMNYXYMVLSI
OI…SK^YLPZY
OI…SK^YLPZY`PNY_VUIMZIQMIKOIN_V]OTMIVSI
KM^PRPQS ZMTPZXMVLMI SI QMI …MN…SI SI
KM^PRPQSI
^MRKSVP NSVI ZPI ˜OMI NSVuYuYMKMI QMI
^MRKSVPI
WSRXP
WSRXPI
^MRXPVMVLMI MVI PV\ZSTPI
RMZPNY_V
RMZ
PNY_V QMI
QM PWMNLYuYQPQUI KOKI PKNMV¤
RMZPNY_VI
QYMVLMK
QYMV
LMK S
QMKNMVQYMVLMK QMI ^RYXMRI
QYMVLMKI
SI QMKNMVQYMVLMKI
TRPQS S
SZPLMRPZMK MVI KMTOVQSI TRPQSI
TRPQSI
SI NNSZPLMRPZMKI
^SRI NSVKPVTOYVYQPQU
NSVKPVTOYVYQPQUI SI PI NPOKPI QMI OVI
QM[MRI^v[ZYNSIQMIYVM€NOKP[ZMINOX^ZY¤
^v[ZYNS QM YVM€NOKP[ZM
MZ zKMTORPQSRI
zKMTORPQSR RMMX[SZKPR\I PZI
XYMVLSUI MZI
zKMTORPQSI S
SI īMVMWYNYPRYSKU
īMVMWYNYPRYSKUI ^RMuYPI
OKLYWYNPNY_VI QSNOXMVLPZUI
QSNOXMV
QSNO
XMVLPZU
LPZU ZSKI TPKLSKI
ZP PVOZPNY_VI
PVOZPNY_V ݐ ¶I
SRYTYVPQSKI ^SRI ZPI
ı­I§Ĵĵ±§ijInõI÷ĊĊIõıIJij É
ı­I§Ĵĵ±§ijInõI÷ĊĊIõı
IJij É
ı­I§Ĵĵ±§ijInõI÷ĊĊIõıIJij ÉI
cklkfemlchehďlcĬh
ÈÉI ¶¡”q«”©rIo“I”µí°«”“p‘”IIIIIIII
o“Ip”qrI©oIo“ìo¡µo©”©IrIIII
”pp‘©o“’oIrp°¡¡‘©rqIo“Iõq¯”ħ”I
JZI zKMTORPQSRI P[SVPR\I ZSKI TPKLSKI QMI
PX[OZPVNYPI ^RMNYKSKI ^PRPI LRPKZPQPRI PZI
zKMTORPQSI MVWMRXSI SI PNNYQMVLPQSI MVI
JK^P{PUI QMKQMI MZI ZOTPRI QMI SNORRMVNYPI
QMZI KYVYMKLRSI …PKLPI MZI NMVLRSIIIII
KPVYLPRYSIX\KI^R_€YXSI˜OMINOMVLMINSVI
ZSKI XMQYSKI YQ_VMSKI ^PRPI PLMVQMRI
QM[YQPXMVLMIZPIMVWMRXMQPQISIZMKYSVMKI
KOWRYQPKaI
AL
TU
AC
I
TR
t_ZSI XMQYPVLMI M€^RMKPI NSVLRPLPNY_VI
˜OMI QM[MI NSVKLPRI MVI ZPKI £SVQYNYSVMKI
‹PRLYNOZPRMKI QMI MKLPI ^_ZY`PI ]I MZI ^PTSI
PVOPZI QMI ZPI ^RYXPI NSRRMK^SVQYMVLMUI
^OMQMVI NSVLRPLPRKMI ZPKI KYTOYMVLMKI
TPRPVLˆPKI]INS[MRLORPKÍI
ËÉI õ“²ºrI©oI©rp°µo“’rqIðIIIIIII
©rp°µo“’rq ð IIIIII
r«²‘©”©rq
rí–o’rqI¯o¡qr“”«oqIr«²‘©”©rqI
tYI MVI MZI LRPVKNORKSI QMI OVI uYPM
uYPMI MZI
MZ
zKMTORPQSI …O[YMKMI SZuYQPQSI MV
MVI KO
KOI
QSXYNYZYSI PZTvVI QSNOXMVLSI YX^RMK¤
^RMK¤
XYKXSU
NYVQY[ZMI^PRPIMZILRPVKNORKSIQMZIXYKXSUI
MZI zKMTORPQSRI SRTPVY`PR\I ]I PKOXYR\I
ZSKI TPKLSKI QMI KOI MVuˆSI PI ZPI QYRMNNY_VI
˜OMIPZIMWMNLSIKM{PZMIMZIzKMTORPQSaI
I
ùŁ
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
VA
zKYXYKXSUI MVI NPKSI QMI ˜OMI MZI
zKMTORPQSI …O[YMRPI SZuYQPQSI MVI MZI
ZOTPRIMVI˜OMI…O[YMKMIRMKYQYQSIQORPVLMI
KOI uYPMI PZTvVI S[MLSI SI QSNOXMVLSI SI
—KLSKI …O[YMKMVI KYQSI KOKLRPˆQSKI
YZMTˆLYXPXMVLMIPZIzKMTORPQSIMVIQYN…SI
ZOTPRI]I^SKLMRYSRXMVLMIRMNO^MRPQSKUIMZI
zKMTORPQSRI KMI MVNPRTPR\I QMZI MVuˆSI PI
KOIQSXYNYZYSaI
RC
LO
JZI zKMTORPQSRI vVYNPXMVLMI SRTPVY`PR\I
]IPKOXYR\IZSKITPKLSKIQMZIMVuˆSINSVIOVI
ôķ§±¶õI nõI ÈöĊI õıIJij I ·ijIJI
 õįıIJnijI
ıIJnijI ĸI ÌöĊI õıIJij I ·ijIJI
±­±õ ¶IJijIijIı­±nnIł§±ô±IJÉI
WPNLORPKI SRYTYVPZMKI NSRRMK^SVQYMVLMKUI
NSXSI NSVKMNOMVNYPI QMI ZPI QMXSRPI QMI
X\KI QMI w|I …SRPKI MVI ZPI MVLRMTPI QMZI
M˜OY^PMI WPNLORPQSI ^SRI MZI zKMTORPQSI
MVI LRPVK^SRLMI ^v[ZYNSUI M€NM^LSI MVI MZI
uYPMI QMI RMTRMKSI PZI QSXYNYZYSI QMZI
zKMTORPQSUIݐ ¶IõôIôķ§±¶õInõIËĊĊI
õıIJij I ·ijIJI ·õIJ ij­I ĸI ÈÉÊĊĊI
õıIJij I·ijIJI ±­±õ ¶IJijÉI
ÌÉII noµr¡”îIp”“po«”p‘¸“I©o«I²‘”–oI
rI¯¨¡©‘©”I©oIpr“o´‘r“oqI
tYMX^RMI ˜OMI MZI LRPVK^SRLMI KMPI MVI
PuY_VI SI MVI [PRNSUI MZI zKMTORPQSRI
^RMKLPR\I KOI NSZP[SRPNY_VI MVI ZPKI
TMKLYSVMKI QMI [vK˜OMQPI ]I ZSNPZY`PNY_VI
MVI NPKSI QMI ^—RQYQPI LSLPZI SI ^PRNYPZI QMI
ZSKI M˜OY^PMKI ]I MWMNLSKI ^MRKSVPZMKI
^RMuYPXMVLMI WPNLORPQSKI ^SRI MZI
zKMTORPQSaI
ON
tYIMZIzKMTORPQSIMKLOuYMKMIMVI^SKMKY_VI
QMI OVI [YZZMLMI NSVWYRXPQSI QMI PuY_VI SI
[PRNSIQMIZˆVMPIRMTOZPRIĨKYMX^RMI˜OMIZPI
KYVTZPQORPI LMVTPI KOI SRYTMVI SI QMKLYVSI
MVI OVI ^OMRLSI M€LRPVMRSĩI ]I KMI
^RSQOMKMI MZI QˆPI QMZI MX[PR˜OMI OVI
RMLRPKSUI NPVNMZPNY_VI SI WPZLPI QMI
NSVM€Y_VI MVLRMI QSKI LRP]MNLSKI
^RMuYPXMVLMI NSVNMRLPQSKUI ^SRI OVI
LYMX^SIKO^MRYSRIPIswI…SRPKISINSVIOVPI
VSN…MI ^SRI XMQYSUI ^SRI NPOKPI
YX^OLP[ZMI PZI LRPVK^SRLYKLPUI MZI
zKMTORPQSRIYVQMXVY`PR\IPZIzKMTORPQSI
^SRI ZSKI TPKLSKI SNPKYSVPQSKI ^SRI LPZI
YX^RMuYKLSUI
^RMuYPI
OKLYWYNPNY_VI
QSNOXMVLPZUI NSVI OVI ôķ§±¶õI nõI ÊĊĊI
õıIJij ÉI
÷ÉI ôrp”«‘ï”p‘¸“I©oIoñ°‘¯”–oqII
AL
TU
AC
JZI zKMTORPQSRI RMMX[SZKPR\I PZI
zKMTORPQSI MZI YX^SRLMI QMI ZSKI PRLˆNOZSKI
VMNMKPRYSKUI^RMuYPI^RMKMVLPNY_VIQMIZPKI
tYI MZI zKMTORPQSI uYPPRPI KSZSI ]I WOMRPI
…SK^YLPZY`PQSUI NSVI XSLYuSI QMI OVI
RYMKTSINO[YMRLSI^SRIZPI^_ZY`PUIKYMVQSIZPI
^RMuYKY_VI
QMZI
LYMX^SI
QMI
…SK^YLPZY`PNY_VI
ı·õIJ±ijIJI
I
Ħı¶IJijInķ UIMZIzKMTORPQSRI^SVQR\I
PIQYK^SKYNY_VIQMIZPI^MRKSVPI˜OMIP˜O—ZI
QMKYTVMUI NSVI RMKYQMVNYPI MVI JK^P{PI ]I
˜OMI KMI MVNOMVLRMI MVI JK^P{PI MVI MZI
XSXMVLSI QMI SNORRMVNYPI QMZI KYVYMKLRSUI
OVI [YZZMLMI QMI YQPI ]I uOMZLPI MVI PuY_VI
ĨNZPKMI LORYKLPĩUI WMRRSNPRRYZI ĨsĪI NZPKMĩI SI
LRPVK^SRLMI ^v[ZYNSI ]I NSZMNLYuSI X\KI
YQ_VMSI ^PRPI ˜OMI ^OMQPI uYPPRI QMKQMI
KOI QSXYNYZYSI …PKLPI MZI ZOTPRI QSVQMI KMI
MVNOMVLRMIMZIzKMTORPQSI…SK^YLPZY`PQSaI
TR
öÉI IJooµír«qrI©oI»”q’rqIIIIIIIIIII
¯r¡I©oµr¡”Io“I«”Io“’¡o»”IIIII
©oIoñ°‘¯”–oqI
øÉII noq¯«”‘o“’rI©oI°“I
øÉ
noq¯«”‘o“’rI©oI°“III
”prµ¯”ħ”“’oI–°“’rI”«I
”prµ¯”ħ”“’oI–°“’rI”«IIIIIII
qo»°¡”©rI®rq¯‘’”«‘rI
I
ùà
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
ĈÉI q‘q’o“p‘”I©rµ‘p‘«‘”¡‘”IIIIIIIIIIII
ĈÉ
”I«”I씵‘«‘”Io“Ip”qrI©oIIIIIII
©oq¯«”‘o“’rI–°“’rI”«IIII
©oq¯«”‘o“’rI–°“’rI”«I
qo»°¡”©rI®rq¯‘’”«‘rI
VA
tYI MVI uYRLOQI QMI ZPI TPRPVLˆPI
noq¯«”‘o“’rI ©oI °“I ”prµ¯”ħ”“’oI
–°“’rI ”«I qo»°¡”©rI ®rq¯‘’”«‘rI KOI
N_V]OTMIVSIKM^PRPQSIZMTPZXMVLMISIQMI
N_V]OTMIVSIKM^PRPQSIZMTPZXMVLMISIQ
…MN…SI SI ^MRKSVPI NSVI ZPI ˜OMI
NSVuYuYMKMI QMI WSRXPI ^MRXPVMVLMI MVI
PV\ZSTPI RMZPNY_VI QMI PWMNLYuYQPQI KMI
QMK^ZP`PRPI …PKLPI MZI ZOTPRI QMI
SNORRMVNYPIQMZIKYVYMKLRSUIQMPVQSIKSZSKI
PI …YSKI XMVSRMKI QMI QYMNYKYMLMI P{SKI SI
^MRKSVPKI XP]SRMKI QMI KMKMVLPI ]I NYVNSI
^MRXPVMVLM¤
NSVI ZPKI ˜OMI NSVuYuYMKMI ^MRXP
^MR
XPVMV
VMVLM
LM¤¤
LMUI MZI zKMTORPQSRI RMYVLMTRPR\I ZSKI
XMVLMUI
TPKLSKI
SNPKYSVPQSKI
^SRI
ZPI
NSVLRPLPNY_VI QMI ZSKI KMRuYNYSKI
QMKLYVPQSKI PZI NOYQPQSI QMI ZSKI XYKXSKUI
NSVI OVI ôķ§±¶õI nõI ÷ĊI õıIJij I
n±IJ±ij I ĸI ı­I §Ĵĵ±§ijI nõI n±õĶI
nķ ÉI
nõI n±õĶI nķ UI MVI NO]SI N_X^OLSI KMI
YVNZOYR\VIZSKIQˆPKIQORPVLMIZSKI˜OMUI^SRI
^RMKNRY^NY_VI WPNOZLPLYuPUI MZI zKMTORPQSI
…SK^YLPZY`PQSI QM[PI ^RSZSVTPRI KOI
MKLPVNYPI MVI …SLMZI PVLMKI QMI RMTRMKPRI PI
KOIQSXYNYZYSaI
RC
LO
t_ZSI^SQR\IOLYZY`PRKMIMKLPITPRPVLˆPIKYIKMI
…O[YMRPI …MN…SI OKSI QMI ZPI TPRPVLˆPI
noq¯«”‘o“’rI ©oI °“I ”prµ¯”ħ”“’oI
–°“’rI”«Iqo»°¡”©rI®rq¯‘’”«‘rÉI
ÈĊÉI q‘q’o“p‘”I”I®‘–rqIµo“r¡oqI©oI
©‘op‘q‘o’oI”ħrqI©o«Iqo»°¡”©rI
®rq¯‘’”«‘rIo“I²‘”–oI
ON
tYI MZI zKMTORPQSI uYPPRPI MVI NSX^P{ˆPI
QMI…YSKIXMVSRMKIQMIQYMNYKYMLMIP{SKI]I
MKLSKI ˜OMQPKMVI KYVI PKYKLMVNYPI ^SRI
NP
NPOKPI QMI ZPI …SK^YLPZY`PNY_VI QMZI
zKMTORPQSI ^SRI ¶±õ§·ijI ı·õIJ±ijIJI I
Ħı¶IJijI nķ UI MZI zKMTORPQSRI
SRTPVY`PR\IPIKOINPRTSIMZIRMTRMKSIQMIZSKI
XMVSRMKI …PKLPI KOI QSXYNYZYSI MVI
JK^P{PUI NSVI PNSX^P{PXYMVLSI ˜OMI
TPRPVLYNMI KOI NOYQPQSI KYI WOMRPI
VMNMKPRYSaI
JZI
zKMTORPQSRI
RMYVLMTRPR\I
PZI
PNSX^P{PVLMI QMKYTVPQSUI ^RMuYPI
^RMKMVLPNY_VIQMIZPKIWPNLORPKISRYTYVPZMKI
NSRRMK^SVQYMVLMKUI ZSKI TPKLSKI QMI
PZSPXYMVLSI ]I XPVOLMVNY_VI SNPKYSVP¤
QSKIMVIMZIZOTPRIQSVQMIMZIzKMTORPQSIKMI
MVNOMVLRMI …SK^YLPZY`PQSI ݐ ¶IIIII
ÈÊöI õıIJij I n±IJ±ij I õ­I õ ·ŃIIII
ĸI ÈöĊI õıIJij I n±IJ±ij I õ­I õôI
õĵ¶IJ­¹õIJijîI Ħij­I ı­I §Ĵĵ±§ijI
ÈÈÉII IJo»¡oqrI”“’‘p‘¯”©rI
tYI MZI zKMTORPQSI LOuYMKMI ˜OMI
YVLMRROX^YRI KOI uYPMI ^SRI WPZZMNYXYMVLSI
QMI KOI N_V]OTMI VSI KM^PRPQSI
ZMTPZXMVLMISIQMI…MN…SISI^MRKSVPINSVI
ZPI ˜OMI NSVuYuYMKMI QMI WSRXPI
^MRXPVMVLMI MVI PV\ZSTPI RMZPNY_VI QMI
PWMNLYuYQPQUI PKNMVQYMVLMKI SI QMKNMV
QMK
NMV¤¤
QMKNMV¤
QYMVLMKI …PKLPI KMTOVQSI TRPQSI SI
NSZPLMRPZMKI QMI KMTOVQSI TRPQSI ^SRI
NSVKPVTOYVYQPQUI MZI zKMTORPQSRI ZMI
RMMX[SZKPR\I ZSKI TPKLSKI ˜OMI KMI ZMI
SRYTYVMVI^SRIQMK^ZP`PXYMVLSIMVIPuY_VI
ĨNZPKMI LORYKLPĩUI WMRRSNPRRYZI ĨsĪI NZPKMĩI SI
LRPVK^SRLMI ^v[ZYNSI ]I NSZMNLYuSI X\KI
AL
TU
AC
ĉÉI į”q’rqI©oIoq’”“p‘”I¯”¡”I
”prµ¯”ħ”“’oIo“Ip”qrI©oIII
®rq¯‘’”«‘ï”p‘¸“I©o«Iqo»°¡”©rI
TR
t_ZSI^SQR\IOLYZY`PRKMIMKLPITPRPVLˆPIKYIKMI
…O[YMRPI …MN…SI OKSI QMI ZPI TPRPVLˆPI QMI
noq¯«”‘o“’rI ©oI °“I ”prµ¯”ħ”“’oI
–°“’rI”«Iqo»°¡”©rI®rq¯‘’”«‘rÉI
I
Įú
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SSIINN
YQ_VMSI ^PRPIKOIRMTRMKSIQMKQMI MZIZOTPRI
MVI QSVQMI KMI MVNOMVLRMI MVI MKMI
XSXMVLSI …PKLPI MZI QMI YV…OXPNY_VI SI
YVNYVMRPNY_VIMVIJK^P{PaI
VA
J€YKLYR\I MZI XYKXSI QMRMN…SI MVI NPKSI QMI
KYVYMKLRSI TRPuMI ^RSQONYQSI MVI MZI
YVXOM[ZMIMVI˜OMIRPQY˜OMIMZIQSXYNYZYSI
^PRLYNOZPRISI^RSWMKYSVPZI^RS^YMQPQIQMZI
zKMTORPQSUI KYMX^RMI ˜OMI —KLMI KMI uMPI
S[ZYTPQSI PI YVLMRROX^YRI KOI uYPMI MVI MZI
M€LRPVMRSI ^PRPI RMTRMKPRI …PKLPI KOI
QSXYNYZYSIJK^P{PaI
…SK^YLPZY`PNY_VI ]I PX[OZPVNYPI ^PRPIOVI
LRP]MNLSI ZSNPZI ^SRI ^RMKNRY^NY_VI
WPNOZLPLYuPĩI ݐ ¶I ı­I ôķ§±¶õI nõI
ÈöÉĊĊĊI õıIJij I ·ijIJI  õįıIJnijI ĸI
±­±õ ¶IJijÉI
RC
LO
™SKI PRRMTZSKI QMVLPZMKI QMI ORTMVNYPI
^RMNYKPQSKI ^SRI MZI zKMTORPQSI QORPVLMI
KOI uYPMI MVI MZI M€LRPVMRSI ˜OMQPVI
NO[YMRLSKI ݐ ¶I ı­I ôķ§±¶õI nõI öĊĊI
õıIJij I ·ijIJI  õįıIJnijI ĸI
±­±õ ¶IJijÉI
ÈÊÉII o¡²‘p‘rI©oI‘“ìr¡µ”p‘¸“I
o¡²‘p‘rI©oI‘“ìr¡µ”p‘¸“IIIIII
IIIII
¯”¡”I²‘”–oqI”«Io´’¡”“–o¡rI
”ĽI ôrqI ©o¡‘²”©rqI ©oI p°”«ñ°‘o¡I
o“ìo¡µo©”©I¯¡oo´‘q’o“’oIðŅrIpr“»¨“‘ª
’”îI ”ìopp‘r“oqI p¡¸“‘p”qîI ©r«o“p‘”qI rI
’”
«oq‘r“oqI ¯r¡I ”pp‘©o“’oîI ¯¡o²‘”µo“’oI
©‘”»“rq’‘p”©”qI rI ¯r¡I «”qI ñ°oI o«I
qo»°¡”©rI
qoI
o“p°o“’¡oI
o“I
’¡”’”µ‘o“’rIµ¨©‘prÉI
ON
zI LRPu—KI QMZI ¶õôńłij­ijI nõI
 ± ¶õ­Ħ±I
ÊÌI
İijIJ UI
MZI
zKMTORPQSI^SQR\IS[LMVMRIYVWSRXPNY_VI
YX^SRLPVLMI QMI SRQMVI PQXYVYKLRPLYuSI SI
X—QYNSI PVLMKI QMI YVYNYPRI KOI uYPMI PZI
M€LRPVMRSUI LPZI NSXSI ^PKP^SRLMKUI
uYKPQSKI QMI MVLRPQPI MVI MZI ^PˆKI QMI
QMKLYVSUI uPNOVPKI M€YTY[ZMKUI PQOPVPKUI
XSVMQPUI LY^SKI QMI NPX[YSI ]I SLRSKI
KMRuYNYSKaI
”«²rI ¯”p’rI o“I pr“’¡”¡‘rîI “rI ñ°o©”“I
p°í‘o¡’rqI «rqI q‘»°‘o“’oqI »”q’rqI
µ¨©‘prqòI
pĽI ôrqI©oIp°¡”qI’o¡µ”«oqÉI
qI©oIp°¡”qI’o¡µ”«oqÉI
©ĽII ôrqI©o¡‘²”©rqI©o«Iqo»°‘µ‘o“’rI©o«I
oµí”¡”ïrîI‘“p«°qrI¯”¡’rIðI
픡”ïrîI‘“p«°qrI¯”¡’rIðI ¯°o¡¯o¡‘rîI
o´po¯’rI
po¯’rI «”qI ”«’o¡”p‘r“oqI ¯”’r«¸»‘p”qI
”»°©”qIoI‘µ¯¡o²‘q‘í«oqI©oIoq’oIoq’”©rÉI
©”qIoI‘µ¯¡o²‘q‘í«oqI©oIoq’oIoq’”©rÉI
AL
TU
AC
tYIMZIzKMTORPQSIKMIMVNSVLRPRPIQMIuYPMI
^SRI MZI M€LRPVMRSI ]I KOWRYMRPI OVPI
MVWMRXMQPQI SI PNNYQMVLMI TRPuMKUI MZI
zKMTORPQSRI ZMI RMMX[SZKPR\UI ^RMuYPI
^RMKMVLPNY_VIQMIZPKIWPNLORPKISRYTYVPZMKI
]INMRLYWYNPQSKIX—QYNSKINSRRMK^SVQYMV¤
LMKUI ZSKI TPKLSKI X—QYNSKI QMI ORTMVNYPI
˜OMI KMI ZMI …O[YMRPVI SNPKYSVPQSI MVI MZI
^PˆKI QMI SNORRMVNYPI QMZI KYVYMKLRSI
Ĩ…SVSRPRYSKI X—QYNSKUI XMQYNPXMVLSKI
RMNMLPQSKI ^SRI OVI X—QYNSI SI NYROPVSUI
TR
ÈËÉI į”q’rqIµ¨©‘prqI©oI°¡»o“p‘”III
”Ipr“qop°o“p‘”I©oIIIIIIIIIIIIIII
o“ìo¡µo©”©IrI”pp‘©o“’oIIII
»¡”²oqIo“Io«Io´’¡”“–o¡rI
íĽI ôrqI ¯¡rpo©o“’oqI ©oI o“ìo¡µo©”©I
µo“’”«ÉI
o“’”«ÉI
oĽI ôrqI
qI ©o¡‘²”©rqI ©oI «”I ”©ñ°‘q‘p‘¸“îI
‘µ¯«”“’”p‘¸“îI
¯«”“’”p‘¸“îI q°q’‘’°p‘¸“îI o´’¡”pp‘¸“I
ðŅrI¡o¯”¡”p‘¸“I©oI¯¡¸’oq‘qIo“I»o“o¡”«ÉI
¡o¯”¡”p‘¸“I©oI¯¡¸’oq‘qIo“I»o“o¡”«ÉI
ìĽII ôrqI ¯¡r©°p‘©rqI ¯r¡I µr²‘µ‘o“’rqI
’o«Ě¡‘prqîI
«Ě¡‘prqîI ‘“°“©”p‘r“oqI rI o¡°¯p‘r“oqI
²r«p³“‘p”qÉI
»ĽI ôrqI
qI ñ°oI ’o“»”“I q°I r¡‘»o“I o“I «”I
‘“»oq’‘¸“IrIpr“q°µrI‘“’o“p‘r“”©rI©oI
ío푩”qI ”«pr®¸«‘p”qîI oq’°¯oì”p‘o“’oqîI
©¡r»”qI rI µo©‘p”µo“’rqîI q”«²rI ñ°oI
I
Į
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
oq’rqIĚ
oq’rqIĚ«’‘µrqI®°í‘o¡”“Iq‘©rI¯¡oqp¡‘’rqI
¯r¡I°“Iì”p°«’”’‘²rÉI
ÈÌÉII ·¡r«r“»”p‘¸“I©oIoq’”“p‘”I
ÈÌÉ
·¡r«r“»”p‘¸“I©oIoq’”“p‘”IIIIII
o“I®r’o«Io“Io«Io´’¡”“–o¡rI
VA
JVI LSQSKI ZSKI NPKSKUI MZI zKMTORPQSRI
^SQR\I KSZYNYLPRI QMZI zKMTORPQSI PZTvVI
LY^SIQMIPuPZISITPRPVLˆPI˜OMIZMIPKMTORMI
MZINS[RSIQMZIPVLYNY^SaI
RC
LO
£OPVQSI^SRI^RMKNRY^NY_VIWPNOZLPLYuPIMZI
zKMTORPQSI…SK^YLPZY`PQSI^SRIMVWMRXM¤
zKMTORPQSI…SK^YLPZY`PQSI^SRIMV
QPQISIPNNYQMVLMITRPuMKISNORRYQSKIMVIMZI
PX^PRPQSIII
M€LRPVMRSI ^SRI KYVYMKLRSI PX^PRPQSI
µ¨©‘prqIIIIII
^SRI ZPI NS[MRLORPI į”q’rqI µ¨©‘prqI
©oI °¡»o“p‘”I ”I pr“qop°o“p‘”I ©oI
o“ìo¡µo©”©I rI ”pp‘©o“’oI »¡”²oqI o“I o«I
o´’¡”“–o¡rI QM[YMRPI ^RSZSVTPRI KOI
MKLPVNYPI MVI MZI ZOTPRI MVI ˜OMI KMI
MVNSVLRPKMI QMI uYPMI ]I QSVQMI KMI
^RSQOSI QYN…SI KYVYMKLRSI LRPKI WYVPZY`PRI
KOI …SK^YLPZY`PNY_VI ]I …PKLPI RMNY[YRI MZI
PZLPI X—QYNPI ^PRPI ^SQMRI uYPPRUI MZI
zKMTORPQSRI ZMI RMYVLMTRPR\UI ^RMuYPI
^RMKMVLPNY_VIQMIZPKIWPNLORPKISRYTYVPZMKI
NSRRMK^SVQYMVLMKUI ZSKI TPKLSKI QMI
PZSPXYMVLSI ]I XPVOLMVNY_VI ݐ ¶I
ÈöĊI õıIJij I n±IJ±ij I ĸI ı­I
§Ĵĵ±§ijInõIn±õĶInķ ÉI
KMKMVLPIQˆPKaItYILRPVKNORRYQSIMKMI^ZP`SI
VSIKMI…O[YMRPIMWMNLOPQSIZPIQMuSZONY_VI
QMIZPINPVLYQPQI^RMKLPQPUIMZIzKMTORPQSRI
^SQR\I RMNZPXPRZPI YVNRMXMVLPQPI MVI MZI
YVLMR—KIZMTPZIQMZIQYVMRSIP^ZYNP[ZMIMVIMZI
XSXMVLSIQMIKOIRMNZPXPNY_VaI
È÷ÉI “’‘p‘¯rI©oI쑔“ï”I–°©‘p‘”«IIIIII
ðI®r“r¡”¡‘rqI©oIír»”©rIIIIII
o“Io«Io´’¡”“–o¡rI
ON
tYI NSXSI NSVKMNOMVNYPI QMI OVI
^RSNMQYXYMVLSI OQYNYPZI YVKLROYQSI ^SRI
OVI PNNYQMVLMI QMI NYRNOZPNY_VI MVI MZI
M€LRPVMRSIKMIZMIM€YTYMKMIPZIzKMTORPQSI
MZI QM^_KYLSI QMI OVPI WYPV`PUI MZI
zKMTORPQSRI ZMI NSVNMQMR\I OVI PVLYNY^SI
M˜OYuPZMVLMI PZI YX^SRLMI QMI ZPI WYPV`PI
M€YTYQPI ݐ ¶I ÈöÉĊĊĊI õıIJij I ·ijIJI
 õįıIJnijaI zKYXYKXSUI ]I MVI MKLMI
KO^OMKLSUI MZI zKMTORPQSRI ZMI PVLYNY^PR\I
ZSKI …SVSRPRYSKI QMI z[STPQSI ݐ ¶I
ı­Iôķ§±¶õInõIøÉöĊĊIõıIJij ÉI
JZI zKMTORPQSI KMI S[ZYTPI PI ZPI
QMuSZONY_VI QMZI YX^SRLMI ^RMKLPQSI MVI
NOPVLSIRMTRMKMIPIKOIQSXYNYZYSI…P[YLOPZI
]UI NSXSI X\€YXSUI MVI MZI ^ZP`SI QMI
JVI PX[SKI NPKSKUI MZI zKMTORPQSRI ^SQR\I
KSZYNYLPRI QMZI zKMTORPQSI PZTvVI LY^SI QMI
PuPZI SI TPRPVLˆPI ˜OMI ZMI PKMTORMI MZI
NS[RSIQMZIPVLYNY^SaI
AL
TU
AC
tYI NSXSI NSVKMNOMVNYPI QMI PNNYQMVLMUI
MVWMRXMQPQI SI RS[SI QMI [YMVMKI SNORRY¤
QSKI MVI MZI M€LRPVMRSI MZI zKMTORPQSI
˜OMQPRPIKYVIRMNORKSKIMNSV_XYNSKI]IVSI
LOuYMRPI XMQYSKI ^PRPI S[LMVMRZSKUI MZI
zKMTORPQSRI ZMI PVLYNY^PR\I ZPI NPVLYQPQI
VMNMKPRYPI ^PRPI …PNMRI WRMVLMI PI KOKI
VMNMKYQPQMKI ORTMVLMKI ݐ ¶I ı­I
§Ĵĵ±§ijInõIÈÉĊĊĊIõıIJij ÉI
TR
ÈöÉI “’‘p‘¯rI©oIìr“©rqI¯r¡IIIIIII
”pp‘©o“’oîIo“ìo¡µo©”©IIIIIIIIIII
rI¡rírIo“Io«Io´’¡”“–o¡rI
ÈøÉII no¯¸q‘’rI©oI쑔“ï”I
no¯¸q‘’rI©oI쑔“ï”IIIIIIIIIIIIII
IIIIIIIIIIIII
¯r¡I®rq¯‘’”«‘ï”p‘¸“IIIIIIIIIIIIIII
I®rq¯‘’”«‘ï”p‘¸“IIIIIIIIIIIIIII
o“Io«Io´’¡”“–o¡rI
tYI MZI zKMTORPQSI ^RMNYKPKMI KMRI
…SK^YLPZY`PQSI MVI MZI M€LRPVMRSUI MZI
zKMTORPQSRI …PR\I MZI QM^_KYLSI QMI ZPI
WYPV`PI ˜OMI ZPI PQXYVYKLRPNY_VI QMZI
…SK^YLPZI ZMI KSZYNYLMI ݐ ¶I ÈöÉĊĊĊI
I
Įù
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
õıIJij I ·ijIJI
±­±õ ¶IJijÉI
 õįıIJnijI
ĸI
VA
·”¡”Ioq’”Iprío¡’°¡”Iqr“I©oI”¯«‘p”p‘¸“I
«”qI
qI µ‘qµ”qI o´p«°q‘r“oqI ñ°oI ¯”¡”I
į”q’rqI
q’rqI µ¨©‘prqI ©oI °¡»o“p‘”I ”I
pr“qop°o“p‘”I
“qop°o“p‘”I ©oI o“ìo¡µo©”©I rI
”pp‘©o“’oI»¡”²oqIo“Io«Io´’¡”“–o¡rÉI
p‘©o“’oI»¡”²oqIo“Io«Io´’¡”“–o¡rÉI
tYIMZIzKMTORPQSIKMIMVNSVLRPRPIQMIuYPMI
^SRI MZI M€LRPVMRSI ]I KOWRYMRPI OVPI
MVWMRXMQPQI SI PNNYQMVLMI TRPuMKI ˜OMI
YX^ZY˜OMVI OVI RYMKTSI uYLPZUI MZI
zKMTORPQSRI SRTPVY`PR\UI NOPVQSI ZSKI
X—QYNSKI ZSI PNSVKMMVUI ZPI RM^PLRYPNY_VI
QMZIzKMTORPQSaI ¸«rI«”qIp‘¡p°“q’”“p‘”qI
©oI º“©r«oI µ¨©‘p”I ’”«oqI prµrI
°¡»o“p‘”îI oq’”©rI ©o«I qo»°¡”©rI ðI
”¯’‘’°©I¯”¡”I²‘”–”¡îI©o’o¡µ‘“”¡³“Iq‘Io«I
’¡”“q¯r¡’oI ©oíoI oìop’°”¡qoI ðI ¯r¡I ñ°¨I
µo©‘rI ņ”²‘¸“I q”“‘’”¡‘rI oq¯op‘”«îI
®o«‘p¸¯’o¡rîI ”²‘¸“I ©oI «º“o”I ¡o»°«”¡îI
prp®oIªIp”µ”IrI”µí°«”“p‘”ĽaI‹PRPIZSKI
^PˆKMKI ˜OMI MKL—VI WOMRPI QMZI \RMPI QMI
JORS^PI ]I QMZI ¬MQYLMRR\VMSUI ZPI
RM^PLRYPNY_VI QMZI zKMTORPQSI KMI
MWMNLOPR\I ^SRI PuY_VI QMI ZˆVMPI RMTOZPRI
MVI NPXYZZPI ]UI NOPVQSI MZI NPKSI ZSI
RM˜OYMRPUINSVIuYTYZPVNYPIX—QYNPaI
RC
LO
‘oµ¯¡oI ñ°oI o«I ¡‘oq»rI oq’¨I p°í‘o¡’rI
o“I «”I ¯¸«‘ï”îI «”qI p”“’‘©”©oqI
o“’¡o»”©”qI o“I pr“po¯’rI ©oI ©o¯¸q‘’rI
©oI «”I 쑔“ï”I ¯r¡I ®rq¯‘’”«‘ï”p‘¸“I qoI
o“’o“©o¡³“I prµrI ”“’‘p‘¯rqI ©oI «”I
q°µ”I ”I ¯”»”¡I ¯r¡I į”q’rqI µ¨©‘prqI ©oI
°¡»o“p‘”I
”I
pr“qop°o“p‘”I
©oI
o“ìo¡µo©”©I rI ”pp‘©o“’oI »¡”²oqI o“I o«I
o´’¡”“–o¡rÉI
ÈĉÉI IJo¯”’¡‘”p‘¸“Iq”“‘’”¡‘”Io“IIIII
p”qrI©oIo“ìo¡µo©”©IrIIIIIIIII
”pp‘©o“’oI»¡”²oqIrp°¡¡‘©rqIII
o“Io«Io´’¡”“–o¡rI
ON
ÈĈÉI ±“’¨¡¯¡o’oIo“Ip”qrIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIII
©oI®rq¯‘’”«‘ï”p‘¸“IIIIIIIIIIIIIIIII
o“Io«Io´’¡”“–o¡rI
I
™PI QMNYKY_VI QMI RM^PLRYPRI KMR\I LSXPQPI
NSVOVLPXMVLMI ^SRI MZI X—QYNSI ˜OMI
LRPLMI
PLMI PZI zKMTORPQSI MVI MZI ZOTPRI QMZI
KYVYMKLRSI ]I ZSKI KMRuYNYSKI X—QYNSKI QMZI
zKMTORPQSRaI xSQSKI ZSKI KMRuYNYSKI KMR\VI
RMPZY`PQSKI [PSI NSVKLPVLMI NSVLRSZI
X—QYNSaI
AL
TU
AC
I
TR
tYI NSVI XSLYuSI QMI OVI RYMKTSI NO[YMRLSI
MVI ZPI ^_ZY`PI MZI zKMTORPQSI WOMRPI
…SK^YLPZY`PQSI MVI MZI M€LRPVMRSI ^SRI
¶±õ§·ijI ı·õIJ±ijIJIIĦı¶IJijInķ I
]I WOMRPI VMNMKPRYPI ZPI ^RMKLPNY_VI QMI OVI
KMRuYNYSI QMI YVL—R^RMLMI ^PRPI NO[RYRI ZPKI
VMNMKYQPQMKIX—QYNSI¤IKPVYLPRYPKI˜OMIZPI
…SK^YLPZY`PNY_VI
QMZI
zKMTORPQSI
RM˜OYRYMKMUI MZI zKMTORPQSRI ZSI ^SVQR\I PI
QYK^SKYNY_VI QMZI zKMTORPQSI NSVI ZPI
XP]SRI ORTMVNYPI ^SKY[ZMaI ™SKI TPKLSKI
NO[YMRLSKI ^SRI MZI zKMTORPQSRI ˜OMQPVI
ZYXYLPQSKIPI÷ĊIõıIJij In±IJ±ij IĦij­I
ı­I §Ĵĵ±§ijI ·ijIJI ±­±õ ¶IJijI nõI
n±õĶInķ ÉI
JVINPKSIQMIRMNY[YRIMZIPZLPIX—QYNPIMVIMZI
ZOTPRIQMZIKYVYMKLRSI]IVSILRPL\VQSKMUI^SRI
LPVLSUIQMIOVPIMVWMRXMQPQISIPNNYQMVLMI
TRPuMKINO[YMRLSKI^SRIMKLPITPRPVLˆPUIKYIMZI
zKMTORPQSI…O[YMRPI^MRQYQSIZSKIXMQYSKI
^RMuYKLSKI ^PRPI RMTRMKPRI PI JK^P{PI SI VSI
^OQYMRPI NSVLYVOPRI KOI uYPMI ^SRI
YX^SKY[YZYQPQI WˆKYNPI SI XPLMRYPZUI MZI
zKMTORPQSRI SRTPVY`PR\I PI KOI NPRTSI MZI
RMTRMKSI PI JK^P{PI MVI PuY_VI QMI ZˆVMPI
I
ĮĮ
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
RMTOZPRI SI MVI MZI XMQYSI QMI LRPVK^SRLMI
^v[ZYNSI ]I NSZMNLYuSI X\KI YQ_VMSI
ݐ ¶Iı­Iôķ§±¶õInõIÈÉöĊĊIõıIJij ÉI
ݐ ¶Iı­Iôķ§±¶õInõIÈÉöĊĊIõıIJij ÉI
VA
”«²rI
rI ¯”p’rI o“I pr“’¡”¡‘rîI oq’”I
prío¡’°¡”I
ío¡’°¡”I “rI ’o“©¡³I oìop’rI p°”“©rI
qI ®o¡‘©”qI rI «”I o“ìo¡µo©”©I q°ì¡‘©”qI
«”qI
¯r¡I
r¡I o«I qo»°¡”©rI “rI qo”“I
pr“q‘©o¡”©”qI
“q‘©o¡”©”qI »¡”²oqI ¯r¡I o«I ¯o¡qr“”«I
ì”p°«’”’‘²rIñ°oI«oI”q‘q’”IðI¯°o©”“Iqo¡I
”p°«’”’‘²rIñ°oI«oI”q‘q’”IðI¯°o©”“Iqo¡I
p°¡”©”qI
¡”©”qI o“I o«I «°»”¡I o“I ñ°oI qoI
o“p°o“’¡oI
p°o“’¡oI q‘“I ‘µ¯rq‘í‘«‘’”¡«oI ¯”¡”I
pr“’‘“°”¡I
“’‘“°”¡I o«I ²‘”–oÉI ‘“I oµí”¡»rîI o“I
oq’oI p”qrîI
”qrîI qoI ¯¡oq’”¡³I «”I ”q‘q’o“p‘”I
¯¡o²‘q’”I
¡o²‘q’”I ¯r¡I «”I prío¡’°¡”I į”q’rqI
µ¨©‘prqI
¨©‘prqI ©oI °¡»o“p‘”I ”I pr“qop°o“p‘”I
©oIo“ìo¡µo©”©IrI”pp‘©o“’oI»¡”²oqIo“I
oIo“ìo¡µo©”©IrI”pp‘©o“’oI»¡”²oqIo“I
o«Io´’¡”“–o¡rÉI
X—QYNSI MK^MNYPZYKLPI PZI ZOTPRI QSVQMI KMI
MVNOMVLRMaI
ÊÊÉI õ“²ºrI©oIµo©‘p”µo“’rqIIIIIIIII
”«Io´’¡”“–o¡rI
RC
LO
£OPVQSI MZI zKMTORPQSUI ^SRI OVI RYMKTSI
NO[YMRLSI MVI ZPI ^_ZY`PUI ^RMNYKMI PZTvVI
XMQYNPXMVLSI QMI YVLMR—KI uYLPZI ˜OMI VSI
^OMQPI KMRI S[LMVYQSI MVI MZI ZOTPRI MVI
QSVQMI KMI MVNOMVLRMUI MZI zKMTORPQSRI
SRTPVY`PR\I PI KOI NPRTSI KOI MVuˆSI QMKQMI
JK^P{PI SI QMKQMI MZI ^PˆKI X\KI ^R_€YXSI
MVIQSVQMI^OMQPIKMRIS[LMVYQSaI
JZI zKMTORPQSRUI PI LRPu—KI QMZI
¶õôńłij­ijI nõI  ± ¶õ­Ħ±I ÊÌI
İijIJ UI YVWSRXPR\I PI ZPI WPXYZYPI QMZI
zKMTORPQSUIKYIWOMRPIVMNMKPRYSUIQMILSQPI
KSZYNYLOQI QMI PKYKLMVNYPI ]I QMI ZPKI
S^MRPNYSVMKIQMIKSNSRRSIQMKPRRSZZPQPKaI
ON
ÊĊÉI o¡²‘p‘rI©oI’¡³µ‘’oqIIIIIIIIIII
”©µ‘“‘q’¡”’‘²rqI¯”¡”IIIIIIIIII
®rq¯‘’”«‘ï”p‘¸“I
ÊËÉI o¡²‘p‘rI©oI‘“ìr¡µ”p‘¸“IIIII
”q‘q’o“p‘”«IðIµo“q”–oqIIIIIIIIII
°¡»o“’oqI
£OPVQSIMZIzKMTORPQSI^RMKMVLMUI^SRIOVI
RYMKTSI NO[YMRLSI MVI ZPI ^_ZY`PUI OVI
NOPQRSI NZˆVYNSI XO]I TRPuMI ˜OMI VSI ZMI
^MRXYLPI KMRI LRPKZPQPQSI ]I ZPI PKYKLMVNYPI
X—QYNPI ˜OMI KMI ZMI ^OMQPI ^RMKLPRI MVI MZI
M€LRPVMRSIVSIKMPIZPIPQMNOPQPI^PRPIKOI
MKLPQSUI MZI zKMTORPQSRI MVuYPR\I OVI
AL
TU
AC
ÊÈÉI õ“²ºrI©oI°“Iµ¨©‘prIIIIIIIIIIIII
oq¯op‘”«‘q’”I”«Io´’¡”“–o¡rI
IzKMTORPQSRILMVQR\IPIQYK^SKYNY_VIQMZI
JZIzKMTORPQSRILMVQR\IPIQYK^SKYNY_VIQMZI
zKMTORPQSI MZIKMRuYNYSI^MRXPVMVLMIQMZI
¶õôńłij­ijI nõI  ± ¶õ­Ħ±I ÊÌI
İijIJ I ^PRPI LRPVKXYLYRI ZSKI XMVKPMKI
ORTMVLMKI RMZPLYuSKI PI ZPKI YVNYQMVNYPKI
KS[RMIRYMKTSKINO[YMRLSKI^SRIZPI^RMKMVLMI
TPRPVLˆPaI
TR
JVI NPKSI QMI ^RSQONYRKMI ZPI RM^PLRYPNY_VI
KPVYLPRYPI QMZI zKMTORPQSI NSXSI
NSVKMNOMVNYPI QMI MVWMRXMQPQI SI
PNNYQMVLMI TRPuMKI SNORRYQSKI MVI MZI
M€LRPVMRSUI MZI zKMTORPQSRI NSZP[SRPR\I
MVI ZPI TMKLY_VI QMI NOPVLSKI LR\XYLMKI
PQXYVYKLRPLYuSKI KMPVI VMNMKPRYSKI ^PRPI
WSRXPZY`PRI ZPI PQXYKY_VI QMZI zKMTORPQSI
MVI MZI …SK^YLPZI ˜OMI ZMI NSRRMK^SVQPI MVI
WOVNY_VIQMIKOIQSXYNYZYSI…P[YLOPZaI
”«²rI
rI ¯”p’rI o“I pr“’¡”¡‘rîI ñ°o©”“I
o´p«°‘©”qI
p«°‘©”qI «”qI prío¡’°¡”qI ”qo»°¡”©”qI
©oI
oI q‘q’o“p‘”I o“I •‘”–oI o“I «rqI
q‘»°‘o“’oqIp”qrqòI
”ĽI Ħ°”“©rI
”“©rI o«I qo»°¡”©rI ’o“»”I q°I
¡oq‘©o“p‘”I®”í‘’°”«Io“Io«Io´’¡”“–o¡rÉI
o“p‘”I®”í‘’°”«Io“Io«Io´’¡”“–o¡rÉI
íĽI Ħ°”“©rI «”qI «oq‘r“oqI q°ì¡‘©”qI qoI
®”ð”“I ¯¡r©°p‘©rI ¯r¡I ‘“’o“’rI ©oI
q°‘p‘©‘rÉI
I
ĮĹ
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
pĽ Ħ°”“©rI
pĽI
Ħ°”“©r «”qI ®o¡‘©”qI rI «”I
o“ìo¡µo©”©I qoI ®”ð”“I ¯¡r©°p‘©rI
o“ìo¡µ
prµrI pr“qop°o“p‘”I ©‘¡op’”I rI
prµr
‘“©‘¡op’”I ©o
‘“©‘¡op’”
©oI «”I ¡o”pp‘¸“I rI ¡”©‘”p‘¸“I
“°p«o”¡IrIpr“’”µ‘“”p‘¸“I¡”©‘”p’‘²”ÉI
“°p«
o”¡IrIpr“’”µ‘“”p‘¸“I¡”©‘”p’‘²”ÉI
VA
©ĽII Ħ°”“©r
Ħ°”“©rIo«Iqo»°¡”©rI¯”¡’‘p‘¯oIo“I
o« qo»°¡”©r
¡”««ðoqIrI¯¡”p’‘ñ°oIo«I”«¯‘“‘qµrÉI
ðoqIrI¯¡”p’‘ñ°oIo«I”«¯‘“‘qµrÉI
ÊÉI o¡²‘p‘rI©oI¶o«o”q‘q’o“p‘”I
zKYXYKXSUIMZIzKMTORPQSRI^RS^SRNYSVP¤
R\I PZI zKMTORPQSUI KYMX^RMI ˜OMI MZI
RMKOZLPQSI QMI ZPI õ²”«°”p‘¸“I »o¡‘³’¡‘p”I
‘“’o»¡”«I MKLP[ZM`NPI KOI VMNMKYQPQUI OVI
LRPVKXYKSRI QMI PKYKLMVNYPI WYSI SI X_uYZI
˜OMI MKLPR\I NSVMNLPQSI uˆPI LMZMW_VYNPI ]I
^MRXPVMVLMXMVLMI NSVI MZI ¶õôńłij­ijI
nõI ± ¶õ­Ħ±IÊÌIİijIJ ÉI
RC
LO
oĽI õ“I «”qI r¯o¡”p‘r“oqI
r¯o¡”p‘r“oq ©oI ¡oqp”’oI o“I
µr“’”ħ”îIq‘µ”qîIµ”¡IrI©oq‘o¡’rÉI
r“’”ħ”îIq‘µ”qîIµ”¡IrI©oq‘o¡’rÉI
ôrqI »”q’rqI ¯r¡I ©oq¯«”‘o“’rI ©o«I
qo»°¡”©rI ¯”¡”I «”I ¡o”«‘ï”p‘¸“I ©oI «”I
o²”«°”p‘¸“I µ¨©‘prª¯q‘pr«¸»‘p”I qo¡³“I
”Ip”¡»rI©o«Iµ‘qµrÉI
ìĽI Ħ°”“©rI o«I ²‘”–o
²‘”–oI ©o«I
©o« qo»°¡”©rI
qo»°¡”©r ”«I
o´’¡”“–o¡rI ’o“»”I ¯r¡
¯r¡I rí–o’r
rí–o’rI ¡op‘í‘¡I
’¡”’”µ‘o“’rIµ¨©‘prÉI
õ«I qo»°¡”©r¡I ñ°o©”¡³I o´r“o¡”©rI ©oI
’r©”I ¡oq¯r“q”í‘«‘©”©I q‘I “rI ¯°©‘o¡”I
¡o”«‘I oq’”I ¯¡oq’”p‘¸“I ”I p”°q”I ©oI
‘“o´‘q’o“p‘”I rI 씫«rqI ©oI «”I ¡o©I
‘“o´‘q’o“p‘”
o«¨p’¡‘p”I rI ’o«o츓‘p”îI 쑖”I rI µ¸²‘«îI rI
o«¨p’¡
o“Ip”qrI©oIì°o¡ï”Iµ”ðr¡ÉI
o“
p”qr
ON
·”¡”I «”qI prío¡’°¡”qI ©oI ij
ijí’o“p‘¸“I
í’o“p‘¸“ ©o
©oI
©rp°µo“’”p‘¸“I ðI qoqr¡”µ‘o“’rI
qoqr¡”µ‘o“’r o´ª
’¡”–°©‘p‘”«I‘“p«°‘©”qIo“I«”I»”¡”“’º”I©oI
»”¡”“’º” ©o
q‘q’o“p‘”I –°¡º©‘p”îI o«I ”qoqr¡”µ‘o“’rI
«o»”«I qoI p‘¡p°“qp¡‘íoI ”«I ©o¡‘²”©r
©o¡‘²”©rI
o´p«°q‘²”µo“’oI ©o«I ij¡©o“”µ‘o“’r
ij¡©o“”µ‘o“’rI
¹°¡º©‘prIoq¯”ħr«ÉI
I
ÈÉI õ²”«°”p‘¸“I»o¡‘³’¡‘p”I‘“’o»¡”«I
JZIzKMTORPQSRUIXMQYPVLMIZPITMKLY_VIQMI
M˜OY^SKI XOZLYQYKNY^ZYVPRMKUI ^RS^SRNYS¤
VPR\IPZIzKMTORPQSUI^RMuYPI^MLYNY_VI^SRI
MZI XYKXSUI OVPI MuPZOPNY_VI X—QYNS¤
^KYNSZ_TYNPI YVLMTRPZI PVOPZI NSVI ZPI
WYVPZYQPQI QMI QMLMNLPRI ^SKY[ZMKI
^PLSZSTˆPKUI WPNYZYLPRI OVI QYPTV_KLYNSI
MK^MNˆWYNSI ]I MKLP[ZMNMRI ZPKI VMNMKYQP¤
QMKI PKYKLMVNYPZMKI ˜OMI ^OQYMRPI RM˜OMRYRI
QMIPNOMRQSINSVIKOIKYLOPNY_VaI
ÊÉÈÉI ±“’o¡²o“p‘r“oqI©oI°¡»o“p‘”IIIII
±“’o¡²o“p‘r“oq
ðI”’o“p‘¸“I‘“µo©‘”’”I
”’o“p‘¸“ ‘“µ
tYIMZIzKMTORPQSIRMPZY`PRPIOVPIZZPXPQPI
zKMTORPQS RMPZY`PRP
PI LRPu—KI QMZI LRPVKXYKSR
LRPVKXYKSRI QM
QMI PKYKLMVNYPI
QSXYNYZYPRYPI ]I MZ
MZI ¶õôńłij­ijI
¶õôńłij­ij nõI
 ± ¶õ­Ħ±I ÊÌI İijIJ I VS
VSI ^OQYMRM
^OQYMRMI
NSVLPNLPRI NSVI —ZI PQMNOPQPXMVLM
PQMNOPQPXMVLMI PZI
S[MLSI QMI uPZSRPRI ZP
ZPI KYLOPNY_V
KYLOPNY_VI
^RMKMVLPQPUI MZI zKMTORPQSRI SRTPVY`PR\I
SRTPVY`PR\
ORTMVNYP
YVXMQYPLPXMVLMIZPI P]OQPIQMIORTMVNYPI
VMNMKPRYPI ^PRPI KSZuMVLPRI QYN…P
QYN…PI
MuMVLOPZYQPQUI^SVY—VQSKMIMVINSVLPNLSI
NSVLPNLS
NSVI ZSKI WPXYZYPRMKI SI ^MRKSVPK
^MRKSVPKI
QMKYTVPQPKIMVIZPIWYN…PI^MRKSVPZISI˜OMI
NSVKLMVI MVI ZPI XYKXPI ]I LMVTPVI PNNMKSI
PIZPIuYuYMVQPI]UIMVINPKSIMKLRYNLPXMVLMI
AL
TU
AC
cklkfemlchkelŒdh
õ« prq’o ©o¡‘²”©r
õ«Iprq’oI©o¡‘²”©rI©oI«”qI««”µ”©”qIñ°oI
oìop’ĚoIo«Iqo»°¡”©rIqo¡³I”Ip”¡»rI©o«I
oìop’Ěo
o« qo»
µ‘qµrÉI
‘qµrÉI
TR
­ijI ݐĦõIJI ı ijI nõI ô I
ĦijëõIJ¶ıIJ I nõI ôI įIJ­¶ķIII
nõI  ± ¶õ­Ħ±I õ­I •±¹õI ­ijI nI
nõIJõĦİijI I ±­nõ§­±ĶĦ±Ň­I
ôįı­ÉI
I
Įž
II
!HÁHCAFDÁ=(ûüýþÿ
SIINN
S
VMNMKPRYSUI KMI PuYKPR\I PI ZSKI KMRuYNYSKI
^v[ZYNSKI QMI MXMRTMVNYPI S^SRLOVSKI
Ĩ[SX[MRSKUI^SZYNˆPIZSNPZUňĩaI
VA
õ«I qo»°¡”©rI
qo»°
ðŅrI o«I ëo“oì‘p‘”¡‘rI ©oI
«”qI
qI ‘“’o¡²o“p‘r“oqI ©oI °¡»o“p‘”I
o´‘µo“I o´¯¡oq”µo“’oI ”«I qo»°¡”©r¡I
©oI
oI p°”«ñ°‘o¡I ¡oq¯r“q”í‘«‘©”©I ¯r¡I «rqI
©”ħrqI
”ħrqI rI ©o’o¡‘r¡rqI ñ°oI qoI ¯°©‘o¡”“I
¯¡r©°p‘¡I
¡r©°p‘¡I ¯r¡I ’o¡po¡rqI ¯”¡”I ¯r©o¡I
”ppo©o¡I”I«”I²‘²‘o“©”ÉI
po©o¡I”I«”I²‘²‘o“©”ÉI
ÊÉÌÉI o»°‘µ‘o“’rI¯o¡qr“”«‘rII
©o«Iqo»°¡”©rIðIq°Io“’r¡“rI
RC
LO
JZI zKMTORPQSRUI PI LRPu—KI QMZI
¶õôńłij­ijI nõI  ± ¶õ­Ħ±I ÊÌI
İijIJ UIKMI^SVQR\IMVINSVLPNLSINSVIMZI
zKMTORPQSI QORPVLMI ZPKI w|I …SRPKI QMZI
QˆPI]IZSKIy~IQˆPKIQMZIP{SI]INSVWSRXMI
PZI ^RSTRPXPI ^MRKSVPZY`PQSI ˜OMI KMI
QMWYVPIMVINPQPINPKSUIPIWYVIQMINSVSNMRI
KOI MKLPQSUI PuYKPRZMI QMI ZPI LSXPI QMI
XMQYNPXMVLSKUI RMNSRQPRZMI ZPKI uYKYLPKI
X—QYNPKI ˜OMI LMVTPI NSVNMRLPQPKUIIIIIII
PKˆI NSXSI ^PRPI NOPZ˜OYMRI SLRPI
NYRNOVKLPVNYPI ˜OMI RM˜OYMRPI KMTvVI KOI
WYN…PIQMIKMTOYXYMVLSI^MRKSVPZY`PQSaI
ÊÉÊÉI •‘»‘«”“p‘”IðI”’o“p‘¸“IIIIIIIIIIII
o“I©oq¯«”‘o“’rqI
zKYXYKXSUI MZI zKMTORPQSI LMVQR\I PI KOI
QYK^SKYNY_VI MZI ¶õôńłij­ijI nõI
 ± ¶õ­Ħ±IÊÌIİijIJ IPZI˜OMI^SQR\I
ZZPXPRI MVI KYLOPNYSVMKI QMI KSZMQPQI ZPKI
QˆPKIIIIII
w|I …SRPKI QMZI QˆPI ]I LSQSKI ZSKI QˆPKI
QMZI P{SUI MZI NOPZI ZMI ^RS^SRNYSVPR\
^RS^SRNYSVPR\IIIIIIIIIII
OVI KMRuYNYSI QMI PNSX^P{PXYMVLSI
LMZMW_VYNSaI
ON
JZI zKMTORPQSRUI ^RMuYPI ^MLYNY_VI ^SRI MZI
zKMTORPQSI ˜OMI LMVTPI YVKLPZPQSI MZI
RuYNYSI QMI xMZMPKYKLMVNYPI X_uYZUI KMI
tMRuYNYSI
^SVQR\I MVI NSVLPNLSI NSVI MZI XYKXSIIIII
XYKXS
IIIII
XYKXSIIIIII
PI LRPu—KI QMZI ¶õôńłij­ijI nõI
 ± ¶õ­Ħ±I ÊÌI İijIJ I PI ZSKI MWMNLSKI
QMI RMPZY`PRI MZI PQMNOPQSI KMTOYXYMVLSI
MVI ZSKI QMK^ZP`PXYMVLSKI ˜OMUI ^RMuYPI
NSXOVYNPNY_VI PZI zKMTORPQSRUI RMPZYNMI
MZIzKMTORPQSaI
I
I
ÊÉöÉI ±“ìr¡µ”p‘¸“I씵‘«‘”¡Iqrí¡oI
rp°¡¡o“p‘”I©o«Iq‘“‘oq’¡rîIIIIII
rp°¡¡o“p‘”I©o«Iq‘“‘oq’¡rîI
‘“p‘©o“p‘”qIo“I«”I¯¡oq’”p‘¸“I
©o«Iqo¡²‘p‘rIðIo²r«°p‘¸“I©o«II
oq’”©rI©oIq”«°©I©o«Iqo»°¡”©rI
AL
TU
AC
zVLMI OVPI VMNMKYQPQI X—QYNPUI MZI
zKMTORPQSRI MVuYPR\I PZI QSXYNYZYSI QMZI
zKMTORPQSI ZSKI X—QYNSKUI KMRuYNYSKIIIII
QMI PX[OZPVNYPI OI SLRSKI KMRuYNYSKI
PKYKLMVNYPZMKI ˜OMI MZI zKMTORPQSI
^OQYMRMI ^RMNYKPRUI MVI WOVNY_VI QMI ZSKI
KMRuYNYSKI ^v[ZYNSKI QMI MXMRTMVNYPI
X—QYNPI M€YKLMVLMKI MVI ZPI `SVPI
TMSTR\WYNPI
QMZI
QSXYNYZYSI
QMZI
zKMTORPQSaI
TR
ÊÉËÉI ôrp”«‘ï”p‘¸“IðIo“²ºrI©oIIIIII
qo¡²‘p‘rqI”q‘q’o“p‘”«oqI
zI ^MLYNY_VI M€^RMKPI QMZI zKMTORPQSI ]I
NSVI KOI POLSRY`PNY_VUI MZI ¶õôńłij­ijI
nõI ± ¶õ­Ħ±IÊÌIİijIJ IYVWSRXPR\I
PI KOKI WPXYZYPRMKI SI PI ZPKI ^MRKSVPKI
QMKYTVPQPKI MVI ZPI WYN…PI ^MRKSVPZI KS[RMI
NOPZ˜OYMRI MVWMRXMQPQI SI PNNYQMVLMI
NSR^SRPZIKOWRYQSKI^SRIMZIzKMTORPQSUIPKˆI
NSXSI QMI ZPKI YVNYQMVNYPKI ˜OMI KS[RMI ZPI
^RMKLPNY_VI QMZI KMRuYNYSI LOuYMRPVI ZOTPRUI
YVWSRX\VQSZMKI ^MRY_QYNPXMVLMI QMI ZPI
MuSZONY_VI QMZI MKLPQSI QMI KPZOQI QMZI
zKMTORPQSaI
I
Į¦
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
ËÉI ·¡r»¡”µ”I©oIìr¡µ”p‘¸“IIIII
ËÉ
”q‘q’o“p‘”«I
VA
JZI zKMTORPQSRUI PVLMI OVPI KYLOPNY_VI QMI
QYKNP^PNYQPQI QMZI zKMTORPQSI ]I PI ^MLY¤
NY_VI M€^RMKPI QMZI XYKXSUI SRTPVY`PR\I ]I
LRPXYLPR\I^PRPIKOINOYQPQSRI…P[YLOPZIOVI
^RSTRPXPI WSRXPLYuSI KS[RMI NOYQPQSK
NOYQPQSKIIII
PI ^RS^SRNYSVPRI PI ^MRKSVPKI NSVI
QYKNP^PNYQPQaI
NOPQRSI QMI X—QYNSKI MK^MNYPZYKLPKI MVI
TMRYPLRˆPUI LMVYMVQSI QMRMN…SI PI QSKI
NSVKOZLPKI X—QYNS¤TMRY\LRYNPKI PVOPZMKUI
KYVINSKLMIPQYNYSVPZIPZTOVSaI
÷ÉI q‘q’o“p‘”Iµ¨©‘p”I
RC
LO
¬MQYPVLMI MKLPI NS[MRLORPUI ðI ¯”¡”I o«I
p”qrI ©oI ñ°oI oq’°²‘o¡”I pr“’¡”’”©”I «”I
§¨©‘prIªIq‘q’o“p‘”«UIMZIzKMTORPQSRUIPI
^MLYNY_VI QMZI zKMTORPQSUI ^SVQR\I PI KOI
QYK^SKYNY_VIOVINOPQRSIQMIMK^MNYPZYKLPKI
X—QYNS¤KPVYLPRYSKUI LMVYMVQSI QMRMN…SI
MZI zKMTORPQSI PZI RMMX[SZKSI QMZI NSKLMI
QMI ZSKI KYTOYMVLMKI KMRuYNYSKUI QMI
NSVWSRXYQPQI NSVI ZSI MKLP[ZMNYQSI MVIIII
MZI PRLˆNOZSI ssI QMI ZPKI ^RMKMVLMKI
£SVQYNYSVMKI}MVMRPZMKÍI
Ħ°”«ñ°‘o¡I
”«ñ°‘o¡I »”q’rI “opoq”¡‘rI ¯”¡”I «”I
¡o”«‘ï”p‘¸“I
”«‘ï”p‘¸“I ©o«I ¯¡r»¡”µ”I ìr¡µ”’‘²rI
©‘q’‘“’rI
‘q’‘“’rI ©o«I prq’oI ©o«I ¯¡r¯‘rI
¯¡r»¡”µ”Iqo¡³I”Ip”¡»rI©o«Iqo»°¡”©rÉI
¡r»¡”µ”Iqo¡³I”Ip”¡»rI©o«Iqo»°¡”©rÉI
ÌÉI noqp”“qrI씵‘«‘”¡I
óI ÏVPINSVKOZLPIX—QYNS¤TMRY\LRYNPaI
óI ÏVPINSVKOZLPISWLPZXSZ_TYNPaI
ÏVPINSVKOZLPISWLPZXSZ_TY
ON
tYI MZI zKMTORPQSI ^PQMNYMKMI OVPI
KYLOPNY_VI QMI QM^MVQMVNYPI QMI }RPQSI
ŸŸŸUI ^SQR\I KMRI YVTRMKPQSI MVI OVI
£SX^ZMSI ŠMKYQMVNYPZI TMRY\LRYNSI
QORPVLMI n±õĶI nķ I PZI P{SaI ‘I «”I
¯¡oq’”p‘¸“I ”qo»°¡”©”I “rI ¯°©‘o¡oI qo¡I
q”’‘qìop®”îIo«Iqo»°¡”©r¡I¡oq”¡p‘¡³I«rqI
»”q’rqI rp”q‘r“”©rqI ®”q’”I o«I «ºµ‘’oI ©oI
÷ĊĊIõıIJij IðI¯¡o²‘”I¯¡oqo“’”p‘¸“I©oI
«”qIì”p’°¡”qIpr¡¡oq¯r“©‘o“’oqUIPI˜OYMVI
PNRMQYLMIKOWYNYMVLMXMVLMI…P[MRIKPLYKWM¤
N…SI ZSKI TPKLSKI SRYTYVPQSKI ^SRI MZI
YVLMRVPXYMVLSIQMZIzKMTORPQSaI
JZI zKMTORPQSRUI PI ^MLYNY_VI QMZI
zKMTORPQSIPZI˜OMIKMIZMI…P]PIYVKLPZPQSI
MZI o¡²‘p‘rI ©oI ¶o«o”q‘q’o“p‘”I SI ˜OMI
^RMKMVLMIPZTvVITRPQSIQMIQYKNP^PNYQPQUI
^SVQR\I PI KOI QYK^SKYNY_VI OVI PX^ZYSI
­rI
rI ñ°o©”“I p°í‘o¡’rqI ¯r¡I «”I ¯¡oqo“’oI
»”¡”“’º”I «rqI ®r“r¡”¡‘rqI rI »”q’rqI
©o¡‘²”©rqI
o¡‘²”©rqI ©oI «”qI ¯¡°oí”qI rI
’¡”’”µ‘o“’rqI
µ‘o“’rqI ñ°oîI o“I q°I p”qrîI ©o픓I
¡o”«‘qoîI
‘qoîI ”qºI prµrI «”qI pr“q°«’”qI
¡o”«‘”qI
”qI o“I po“’¡rqI rI pr“I
¯¡rìoq‘r“”«oqI“rIpr“po¡’”©rqÉI
¡rìoq‘r“”«oqI“rIpr“po¡’”©rqÉI
AL
TU
AC
öÉI Ħr“q°«’”qIµ¨©‘prª»o¡‘³’¡‘p”qI
óI ÏVPINSVKOZLPI^KYNSZ_TYNPaI
TR
ô”I ¯¡oqo“’oI prío¡’°¡”I “rI qo¡³I ©oI
”¯«‘p”p‘¸“I
®”q’”I
ñ°oI
®”ð”“I
’¡”“qp°¡¡‘©rI õ± I §õ õ I ©oq©oI «”I
’rµ”I ©oI oìop’rI ©oI «”I »”¡”“’º”I ©oI
q‘q’o“p‘”I o“‘r¡ÉI
óI ÏVPIRMuYKY_VIQMI^R_LMKYKIPOQYLYuPKaI
øÉII Ħr“o´‘¸“Ipr“IĦo“’¡rqIIIIIIIII
IJoq‘©o“p‘”«oqI¯”¡”I«”IIIIIIIII
IJoq‘©o“p‘”«oqI¯”¡”I«”I
IIIIIIII
¶o¡po¡”Iõ©”©I
JZI zKMTORPQSRUI PI ^MLYNY_VI QMZI
zKMTORPQSUI WPNYZYLPR\I MZI PNNMKSI PI OVPI
PX^ZYPI RMQI QMI £MVLRSKI ŠMKYQMVNYPZMKI
MK^MNˆWYNSKI^PRPIZPIxMRNMRPIJQPQaI
õ«I ‘µ¯r¡’oI pr¡¡oq¯r“©‘o“’oI ”I «”I
¯¡oq’”p‘¸“I ©oI «rqI qo¡²‘p‘rqI ñ°oI
I
Į½
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
pr“’¡”’oIo«Iqo»°¡”©rI qo¡³Iq‘oµ¯¡oI”I
p”¡»rI©o«Iµ‘qµrÉI
ĈÉII qoqr¡”µ‘o“’rI¯”’¡‘µr“‘”«I
ĈÉ
¯o¡qr“”«‘rI
VA
óI ¬S˜OMLPKI]IKYVLPKSZI
óI xSZQSKI
óI ¬\RXSZMKI
óI ‹PR˜OMLI
óI ŠM^PRPNY_VIQMILMPQSKI]IP`SLMPKI
óI ‹YVLORPI]I^P^MZI^YVLPQSI
óI ŠMWSRXPKI
RC
LO
JZI zKMTORPQSRI ^RMKLPR\I PZI zKMTORPQSI
PKMKSRPXYMVLSI ^MRKSVPZY`PQSI ^SRI
XMQYSI QMI ^RSWMKYSVPZMKI MK^MNYPZYKLPKI
MVI XPLMRYPI QMI TMKLY_VI ]I S^LYXY`PNY_VI
QMI KOI ^PLRYXSVYSI YVXS[YZYPRYSI ]I
WYVPVNYMRSUI PI WYVI QMI WPNYZYLPRZMI KOI
PNNMKSI PI OVI £MVLRSI ŠMKYQMVNYPZI ^PRPI
ZPIxMRNMRPIJQPQaI
óI ŸVKLPZPNYSVMKIMZ—NLRYNPKI
ĉÉII Ħr“o´‘¸“Ipr“I¡o¯”¡”©r¡oqI
óI xP^YNMRˆPI
óI £PR^YVLMRˆPIXML\ZYNPI
óI ¼SVLPVMRˆPI
óI £ZYXPLY`PNY_VI
óI JKNP]SZPI
óI ¢YKY_VI]IKSVYQSI
ON
JZI zKMTORPQSRUI PI ^MLYNY_VI QMZI
zKMTORPQSUI ^SVQR\I PI KOI QYK^SKYNY_VI
ZSKI ^RSWMKYSVPZMKI VMNMKPRYSKI ^PRPI
RMPZY`PRI NOPZ˜OYMRI RM^PRPNY_VI SI
RMWSRXPIMVIKOIuYuYMVQPUIQMIXSQSI˜OMI
ZMIWPNYZYLMVIZSKI^RMKO^OMKLSKIS^SRLOVSKI
]UI MVI KOI NPKSUI RMPZYNMVI ZPKI S[RPKI SI
KMRuYNYSKIKSZYNYLPQSKUIq‘o“©rIq‘oµ¯¡oI”I
p”¡»rI ©o«I qo»°¡”©rI o«I ‘µ¯r¡’oI
pr¡¡oq¯r“©‘o“’oI ”I «”I o–op°p‘¸“I ©oI
’”«oqI ’¡”í”–rqI ðI qo¡²‘p‘rqUI PKOXYMVQSI
MZI zKMTORPQSRI MZI NSKLMI QMI ZPI
RMPZY`PNY_VI ]I ^RMKMVLPNY_VI QMZI
^RMKO^OMKLSI^SRIMZI^RSWMKYSVPZaI
óI £MRRPMRˆPI
óI zVLMVPKI
óI JZMNLRSQSX—KLYNSKI
óI £PR^YVLMRˆPI
óI £RYKLPZMRˆPI
óI ʼnPRQYVMRˆPI
óI ‹MRKSVPZIQMIKMTORYQPQI
óI £PZQMRPKIMIYVKLPZPNYSVMKIQMITPKI
zKYXYKXSUI MZI zKMTORPQSRI ^RMKLPR\I MZI
PKMKSRPXYMVLSI VMNMKPRYSI ^PRPI ZPI
PQP^LPNY_VI TMRY\LRYNPI QMI ZPI uYuYMVQPI
[P{SUaaaĩU
QMZI zKMTORPQSI ĨNOPRLSKI QMI [P{SUaaaĩUIII
MZI OKSI QMI XPLMRYPZI KPVYLPRYSI
PR
MK^MNYPZY`PQSI ĨTRvPKUI NPXPKI PRLYNOZP¤
QPKUI KYZZPKUňĩI ]I ZPI TMKLY_VI QMZI PZ˜OYZMRI
SINSX^RPIQMIQYN…SIXPLMRYPZaI
AL
TU
AC
óI zZ[P{YZMRˆPČ
óI ‹MRKYPVPKI
TR
zILˆLOZSISRYMVLPLYuSUIKMIYVQYNPVIPZTOVSKI
QMI ZSKI KMRuYNYSKI QMI RM^PRPNY_VI ˜OMI KMI
^OMQMVIKSZYNYLPRÍI
óI ŸVWSRX\LYNPI
ÈĊÉI ±“q¯opp‘¸“I¶¨p“‘p”IIIIIIIIIIIIIII
IIIIIIIIIIIIII
©oI•‘²‘o“©”qI
zI ^MLYNY_VI QMZI zKMTORPQSUI MZI
zKMTORPQSRI ^SVQR\I PI KOI QYK^SKYNY_VI
OVI ^RSWMKYSVPZI ˜OMI RMPZYNMI OVI
QYPTV_KLYNSI ^RMuMVLYuSI QMI ZPKI
YVKLPZPNYSVMKI QMI KOI uYuYMVQPI ]I RMPZYNMI
I
ĮŁ
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
 õįıIJnijIĸI ±­±õ ¶IJijInõIÈÉÊĊĊI
õıIJij ÉI
JZI
JZ KMRuYNYSI
KMRuYNYS KMI RMPZY`PR\I NOPVQSI MZI
TORPQS ZS KSZYNYLM
zKMTORPQSIZSIKSZYNYLMI]INSXSIX\€YXSI
uM` PZ
PZI P{Sa
P{SaI o¡³I ”I p”¡»rI ©o«I
OVPI uM`I
qo»°¡”©rI
¡”©r o«
o«I ‘µ¯r¡’o
‘µ¯r¡’oI pr¡¡oq¯r“©‘o“ª
’oI ”I «”I o–op°p‘¸“I
o–op°p‘¸“ ©o
©oI «”qI ¡o¯”¡”p‘r“oqI
ñ°oI ì°oqo“I “opoq”¡‘”qU
“opoq”¡‘”qUI
U PKOXYMVQSI MZI
NSKLM QM ZP
zKMTORPQSRIMZINSKLMIQMIZPIMZP[SRPNY_VI
QMZI^RMKO^OMKLSaI
ēŊ›lmŒhŋhcklkfemlcŽh
VA
OV ^RMKO^OMKLSI QMI LSQPKI P˜OMZZPKI
OVI
RM^PRPNYSVMK
RM^PRPNYSVMKI
˜OMI
NSVKYQMRMI
VMNMKPRYPKa
VMNMKPRYPKaI
I
ÈÉI o»°“©”Ir¯‘“‘¸“Iµ¨©‘p”I
RC
LO
JZI zKMTORPQSRI ^SVQR\I PI QYK^SKYNY_VI
QMZI zKMTORPQSI ZSKI XMQYSKI VMNMKPRYSKI
^PRPI˜OMUIMVINPKSIQMI^PQMNYXYMVLSIQMI
OVPIMVWMRXMQPQITRPuMUIKMIMWMNLvMIOVPI
KMTOVQPIuPZSRPNY_VIPIWYVIQMINSVWYRXPRI
SI XSQYWYNPRI MZI ^RYXMRI QYPTV_KLYNSUI KMI
YVQY˜OMI NO\ZI MKI MZI LRPLPXYMVLSI X\KI
PQMNOPQSUI PKˆI NSXSI ZSKI …SK^YLPZMKI ]I
ZSKI WPNOZLPLYuSKI X\KI ^RMKLYTYSKSKI PI
VYuMZI VPNYSVPZI MI YVLMRVPNYSVPZI ˜OMI ZSI
RMPZYNMVaI
ÈÈÉI ô‘µ¯‘oï”I©oI«”I²‘²‘o“©”I
«” ²‘²‘o“©”
ô”q o´¯«r¡”p‘r“oqI prµ¯«oµo“’”¡‘”qI
ô”qI
”©‘p‘r“”«oqI ñ°oI o“I q°I p”qrI ì°o¡”“I
”©‘p‘r“”«oq
“opoq”¡‘”qI ¯”¡”I ¯r©o¡I ¡o”«‘I «”I
“opoq”¡‘”q
qo»°“©”I²”«r¡”p‘¸“Iqo¡³“I”Ip”¡»rI©o«I
qo»°“©”
qo»°¡”©rÉI
qo»°¡”©rÉ
ON
JZI zKMTORPQSRUI PI ^MLYNY_V
^MLYNY_VI QMZI
QMZ
zKMTORPQSUI ZMI ^SVQR\I MVI NSVM€Y_V
NSVM€Y_VI
NSVI ^RSWMKYSVPZMKI MK^MNYPZY`PQSKI
MVI
MK^MNYPZY`PQSK MV
ZYX^YM`PKI TMVMRPZMKI ^PRPI ˜OM
˜OMI ZM
ZMI
WPNYZYLMVIZSKI^RMKO^OMKLSKIS^SRLOVSKI]UI
S^SRLOVSK ]U
MVI KOI NPKSUI RMPZYNMVI OVPI ZYX^YM`PI PI
P
WSVQSI QMI ZPI uYuYMVQPUI q‘o“©rI q‘oµ¯¡oI
”I p”¡»rI ©o«I qo»°¡”©rI o«I ‘µ¯r¡’oI
pr¡¡oq¯r“©‘o“’oI ”I «”I o–op°p‘¸“I ©oI
’”«oqIqo¡²‘p‘rqÉI
tYI MZI zKMTORPQSI
zKMTORPQS QMNYQYMKMI
QMNYQYMKM uYPPRI PZI
M€LRPVMRSI ^PRPI YVYNYPR
YVYNYPRI MZI
MZ LRPLPXYMVLSI
LRPLPXYMVLS
X—QYNSUI MZI zKMTORPQSRI
zKMTORPQSR KMI
KM MVNPRTPR\I
MVNPRTPR\
QMI ZPI ^RMKLPNY_VI QM
QMI OV
OVI KMRuYNYS
KMRuYNYSI QMI
PLMVNY_VI^MRKSVPZY`PQPI˜OMIYVNZOYR\IZPI
^MRKSVPZY`PQP ˜OM YVNZOYR\
NSSRQYVPNY_VI QMI ZPKI NYLPKI
NYLPK X—QYNPKUI
X—QYNPKU ZPI
ZP
RMKMRuPI QMI …SLMZI ]I LRPVK^SRLM
LRPVK^SRLMI QMZ
QMZI
zKMTORPQSI ]ĻSI KOKI WPXYZYPRMKU
WPXYZYPRMKUI ZP
ZPI
NSVLRPLPNY_VI QMI YVL—R^RMLMKI ]I
] ZPKI
ZPK
TMKLYSVMKI ^RMuYPKI PI ZPI PQXYKY_VI MV
MVI MZ
MZI
…SK^YLPZaI ôrqI »”q’rqI ©oI ”«r–”µ‘o“’rîI
”«r–”µ‘o“’rî
’¡”“q¯r¡’oI ðI qo¡²‘p‘rqI ©oI ‘“’¨¡¯¡o’oI ðI
®rq¯‘’”«”¡‘rqI ”“’o¡‘r¡µo“’oI ¡oìo¡‘©rqI
qo¡³“I”Ip”¡»rI©o«Iqo»°¡”©rUIKYMVQSIPI
AL
TU
AC
£OPVQSI MZI zKMTORPQSI …P]PI ^MRXPVM¤
NYQSI YVTRMKPQSI MVI OVI …SK^YLPZI ]I ZMI
…P]PI KYQSI ^RMKNRYLPI OVPI YVXSuYZY`P¤
NY_VIMVIKOIQSXYNYZYSI…P[YLOPZIQMI§Ĵ I
nõIĦı¶IJijInķ UIMZIzKMTORPQSRUIMVI
NSSRQYVPNY_VI NSVI MZI zKMTORPQSUI
MZP[SRPR\I OVI ^ZPVI PKYKLMVNYPZI PNSRQMI
NSVI ZPKI VMNMKYQPQMKI YVXMQYPLPKI ]I
VMNMKPRYPKI ˜OMI ZPI YVXSuYZY`PNY_VI QMZI
zKMTORPQSI RM˜OYMRPI ]I QORPVLMI MZI
LYMX^SI˜OMIQORMIZPIXYKXPUILPZMKINSXSI
^RSWMKSRMKI ^PRLYNOZPRMKUI PKYKLMVNYPI MVI
KOI uYuYMVQPUI PKYKLMVNYPI TMRY\LRYNPI SI
YVKLPZPNY_VI QMI OVI LRPVKXYKSRI QMI
LMZMPKYKLMVNYPUI NSVI OVI ôķ§±¶õI ·ijIJI
TR
ÈÊÉI q‘q’o“p‘”I¯rq’ª®rq¯‘’”«”¡‘”I
JVI NPKSI
QMI M€YKLYRI PZLMRVPLYuPUI MZI
NPKS QM
zKMTORPQSI
zKMTORPQS QMNYQYR\I
QMNYQYR\ KYI MZI LRPLPXYMVLSI
KMI ZZMuPR\I
NP[SI MV
MVI JK^P{PI SI MVI MZI
ZZMuPR\ PPI NP[S
M€LRPVMRSaI
I
Įà
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
NPRTSI QMZI zKMTORPQSRI MZI NSKLMI QMZI
KMRuYNYSIQMIPKMKSRPXYMVLSI]ITMKLY_VIQMI
KMRuYNYSIQMIPKMKSRPXYMVLSI]ITMKLY_VIQMI
ZSKILR\XYLMKIVMNMKPRYSKI^PRPIMZILRPKZPQSI
QMZI zKMTORPQSI ]I KOI YVTRMKSI MVI MZI
…SK^YLPZIQMKYTVP
…SK^YLPZIQMKYTVPQSaI
VA
zI MKLSKI MWMNLSKUI KMI MVLYMVQMVI ^SRI
MVWMRXMQPQMKI TRPuMKI ^PRPI ZPI
RMPZY`PNY_VI
QMI
OVPI
KMTOVQPI
uPZSRPNY_VIZPKIKYTOYMVLMKÍI
·õIJķijnijInõIĦIJõ­Ħ±I
õq’”I prío¡’°¡”I qo¡³I ©oI ”¯«‘p”p‘¸“I
p°”“©rI®”ð”“I’¡”“qp°¡¡‘©rI’¡oqIµoqoqI
©oq©oI «”I o“’¡”©”I o“I ²‘»r¡I ©oI «”I
µ‘qµ”UI KPZuSI ^PRPI NPKSI QMI PNNYQMVLMI
MVI ˜OMI VSI KMI P^ZYNPR\I ^MRˆSQSI QMI
NPRMVNYPIPZTOVSaI
RC
LO
IJVWMRXMQPQMKINPRQYSuPKNOZPRMKaI
PĩIJVWMRXMQPQMKINPRQYSuPKNOZPRMKaI
[ĩIŸVWPRLSIQMIXYSNPRQYSaI
IŸVWPRLSIQMIXYSNPRQYSaI
I£YROTˆPIQMIRMuPKNOZPRY`PNY_VI
NĩI£YROTˆPIQMIRMuPKNOZPRY`PNY_VI
NSRSVPRYPIĨī]^PKKĩaI
IJVWMRXMQPQMKIVMORSZ_TYNPKI]I
QĩIJVWMRXMQPQMKIVMORSZ_TYNPKI]I
VMORS˜OYRvRTYNPKaI
MĩIJKNZMRSKYKIXvZLY^ZMaI
TĩIzWMNNY_VISWLPZXSZ_TYNPINSVIMZIWYVI
QMIKPZuPRIZPIuYKLPaI
YĩI £\VNMRaI
ĩI ŸVKOWYNYMVNYPIRMVPZaI
ZĩI JVWMRXMQPQMKIYVXOVSZ_TYNPKaI
XĩIxRPK^ZPVLMIQMI_RTPVSKIĨNSRP`_VUI
^OZXSVMKUI…ˆTPQSUI^\VNRMPKUIRY{_VI
]IX—QOZPI_KMPĩaI
^ĩItMTOVQPIuPZSRPNY_VIKS[RMI
YVLMRuMVNYSVMKI˜OYRvRTYNPKaI
ËÉII Ħr“q°«’”I¯q‘pr«¸»‘p”
ËÉ
Ħr“q°«’”I¯q‘pr«¸»‘p”IIIIIIIIIIII
’o«o츓‘p”I
tYIMZIzKMTORPQSI^RMNYKPRPIYVWSRXPNY_VI
QMI NPR\NLMRI ^KYNSZ_TYNSUI ^SQR\I
KSZYNYLPRZPIPILRPu—KIQMZI ¶õôńłij­ijInõI
 ± ¶õ­Ħ±IÊÌIİijIJ ÉI
™PI YVWSRXPNY_VI LMZMW_VYNPI WPNYZYLPQPI
LMVQR\I NPR\NLMRI SRYMVLPLYuSUI KYVI ˜OMI
^OMQPI MKLP[ZMNMRKMI QYPTV_KLYNSI PI
NPOKPIQMIMZZPaI
AL
TU
AC
ċĩItŸ‰zaI
SĩIzZ`…MYXMRaI
™PI YVWSRXPNY_VI WPNYZYLPQPI LMVQR\I
NPR\NLMRI SRYMVLPLYuSUI KYVI ˜OMI ^OMQPI
MKLP[ZMNMRKMI QYPTV_KLYNSI PI NPOKPI QMI
MZZPaI
TR
…ĩI‰MRRPXMUI…MXSRRPTYPISIYVWPRLSI
NMRM[RPZaI
VĩI‹PRċYVKSVaI
tYIMZIzKMTORPQSI^RMNYKPRPIYVWSRXPNY_VI
QMI NPR\NLMRI X—QYNSUI ^SQR\I KSZYNYLPRZPI
ZZPXPVQSI
PZI
¶õôńłij­ijI
nõI
 ± ¶õ­Ħ±IÊÌIİijIJ ISIPILRPu—KIQMI
ZPIŌM[IōōōÉq”“’”«°p‘”ÉoqI
ON
WĩI ‹PR\ZYKYKaI
ÊÉI Ħr“q°«’”Iµ¨©‘p”I’o«o츓‘p”IIII
rI¯r¡I±“’o¡“o’I
ÌÉI ppoqrI”I«”I¡o©I©oIIIIIIIIIIIIII
IIIIIIIIIIIII
·¡rìoq‘r“”«oqI§¨©‘prqIðIIII
·¡rìoq‘r“”«oqI§¨©‘prqIðI
III
Ħo“’¡rqI ”“‘’”¡‘rqI
ÌÉÈÉI o¡²‘p‘rqIq”“‘’”¡‘rqI
JZI zKMTORPQSRUI PI ^MLYNY_VI QMZI
zKMTORPQSUI ^SVQR\I PI KOI QYK^SKYNY_VI
I
Ĺú
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SSIINN
OV NOPQRSI X—QYNSI YVNZO]MVQSI LSQPKI
OVI
ZPKIMK^MNYPZYQPQMKaI
ôrq ®r“r¡”¡‘rq
ôrqI
®r“r¡”¡‘rqI ©o²o“»”©rqI ¯r¡I «”I
pr“’¡”’”p‘¸“I©oI«rqIqo¡²‘p‘rqIµ¨©‘prqI
pr“’¡”’”p‘¸“
“’¡”’”p‘¸“
qo¡³“Iq‘oµ¯¡oI”Ip”¡»rI©o«Iqo»°¡”©rÉI
Iq‘oµ¯¡oI”Ip”¡»rI©o«Iqo»°¡”©rÉI
VA
ÌÉÊÉI o¡²‘p‘rI©o“’”«I
o¡²‘p‘r ©o“’”«
óI ÏVPI RMuYKY_VI QMVLPZ
QMVLPZI PVOPZU
PVOPZUI
YVNZO]MVQSI MZI QYPTV_KLYNS
QYPTV_KLYNSI NZˆVYNS
NZˆVYNSI ]I
LRPLPXYMVLSaI
MZI^RMKO^OMKLSIQMZILRPLPXYMVLSaI
[ONPZMK QMI
QM
óI ŠPQYSTRPWˆPKI YVLRPI [ONPZMKI
^YM`PKIQMVLPZMKIYVQYuYQOPZMKaI
óI xRPLPXYMVLSIQMIWZOSRPNY_VaII
I
ÈÉI no«‘µ‘’”p‘¸“I©oI«”I»”¡”“’º”I
JZIzKMTORPQSRIKMIS[ZYTPUI©o“’¡rI©oI«rqI
«ºµ‘’oqI ðI pr“I «”qI pr“©‘p‘r“oqI
«ºµ‘’oq
oq’”í«op‘©”qI o“I «”I ôoðI ðI ”I
oq’”í«o
pr“’‘“°”p‘¸“UI PI …PNMRKMI NPRTSI QMI ZSKI
pr“’‘“°”p‘¸“U
TPKLSKI MV
MVI ˜OMI ^OMQPI YVNORRYRI MZI
TPKLSK
zKMTORPQSI NSXSI NSVKMNOMVNYPI QMI KOI
zKMTORPQS
YVLMRuMVNY_V
YVLMRuMVNY_VI MVI OVI ^RSNMQYXYMVLSI
PQXYVYKLRPLYuSU
PQXYVYKLRPLYuSUI OQYNYPZ
OQYNYPZI SI PR[YLRPZUI ]I PI
^RMKLPRZM
KMRuYNYSK QMI PKYKLMVNYPI
^RMKLPRZMI ZSK
ZSKI KMRuYNYSKI
OQYNYPZ ]I M€LRPOQYNYPZI
ORˆQYNPI OQYNYPZI
QM ZP NS[M
NS[MRLORP
RLORP
QMRYuPQSKIQMIZPINS[MRLORPIQMZIKMTORSI]I
˜OMIKMTOYQPXMVLMIKMIQMKNRY[MVÍI
KMTOYQPXMVLM KM QMKNRY[MVÍ
óI JKLOQYSIYX^ZPVLSZ_TYNSaI
QYPTV_KLYNSI
]I
õ«I ‘µ¯r¡’oI pr¡¡oq¯r“©‘o“’oI ”I
p°”«ñ°‘o¡I ¯¡oq’”p‘¸“I ©o“’”«I ©‘q’‘“’”I
©oI «”qI o“°µo¡”©”qI pr“I ”“’o¡‘r¡‘©”©I
qo¡³Iq‘oµ¯¡oI”Ip”¡»rI©o«Iqo»°¡”©rÉI
­ijI ݐĦõIJI ı ijI nõI ô I
ĦijëõIJ¶ıIJ I nõI ôI įIJ­¶ķI
§ńn±ĦijI ªI  ± ¶õ­Ħ±ôI ­ijI nI
nõIJõĦİijI I ±­nõ§­±ĶĦ±Ň­I
ôįı­ÉI
AL
TU
AC
óI ÏVPI ZYX^YM`PI [ONPZI PVOPZI MVI
^YM`PKIQMVLPZMKIKS[RMIMVNˆPKIKPVPKaI
TR
óI ŠMLYRPQPI QMI ^OVLSKI QMI KOLORPI
[ONPZMKaI
óI ‹MRYSQSVNYPÍI
KSVQPMaI
dŒfmmlđehĬšdg›lmchh
lefbdcŽh
ON
óI JQONPNY_VI MVI XPLMRYPI QMI …YTYMVM
…YTYMVMI
[ONPZaI
I
JZI zKMTORPQSRI TPRPVLY`PI ZPI ^RMKLPNY_VI
QMZI KMRuYNYSI WvVM[RMI ^RSNMQY—VQSKMI PI
ZPI YV…OXPNY_VI PZI WPZZMNYXYMVLSI QMI ZSKI
zKMTORPQSI ˜OMI WYTORPVI MVI ZPI ^_ZY`PUI
MVI OVI VYN…SI SI KM^OZLORPI PI X\€YXPI
LMX^SRPZYQPQI MVI ZPI ZSNPZYQPQI QMI
RMKYQMVNYPIQMZIzKMTORPQSaI
RC
LO
JZI zKMTORPQSRU
zKMTORPQSRUI PPI ^MLYNY_VI QMZI
^SVQR\ PI
P KOI
KO QYK^SKYNY_VI
zKMTORPQSUI ^SVQR\I
OVI NOPQRSI QM
QMI NZˆVYNPK
NZˆVYNPKI QMVLPZMKUI
MRMN…S PPI ZPK
LMVYMVQSI QMRMN…SI
ZPKI KYTOYMVLMK
KYTOYMVLMKI
^RMKLPNYSVMKÍI
elmŎŒhŒhkšŽfšdchh
le›lďl›šcŽhchējœlēch
fēŒdcŽl›c›h
ÈÉÈÉI q‘q’o“p‘”I–°¡º©‘p”I’o«o츓‘p”I
oq¯op‘”«‘”I
oq¯op‘”«‘”
JZI zKMTORPQSI LMVQR\I PI KOI
KO QYK^SKYNY_VUI
QYK^SKYNY_VU
KYVIVMNMKYQPQIQMI^MQYRINYLPI^RMuYPUIOVI
NYLP ^RMuYPU OV
M˜OY^SI MK^MNYPZY`PQSI QMI z[STPQSKI
z[STPQSK
MMRNYMVLMKI MVI QYKLYVLPKI QYKNY^ZYVPKI
ORˆQYNPKI ˜OMI PLMVQMR\VI LMZMW_VYNP¤
VYNP
VY
NP¤¤
®r¡”¡‘r
XMVLMUI ©oI «°“oqI ”I ²‘o¡“oqI o“I ®r¡”¡‘rI
©oIĉI”IÊÈI®r¡”qIðI«rqIq³í”©rqI©oIĉI”I
ÈÌI®r¡”qîIo´po¯’rI«rqI©º”qIìoq’‘²rqI©oI
³µí‘’rI “”p‘r“”«UI LSQPKI KOKI NSVKOZLPKUI
I
ŝ
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
QOQPKI SI ^RS[ZMXPKI KS[RMI NOPZ˜OYMRI
XPLMRYPIORˆQYNPIQMIº“©r«oI¯”¡’‘p°«”¡IðI
¯¡‘²”©”ÉI oI o´po¯’Ě”“I «”qI ñ°oI ²o¡qo“I
qrí¡oI «”I ”¯«‘p”p‘¸“I ©oI no¡op®rI
o´’¡”“–o¡rÉI
VA
­rI ríq’”“’oîI ¯”¡”I p”qrqI ©oI °¡»o“p‘”I
–°¡º©‘p”I o«I qo¡²‘p‘rI qo¡³I «”qI ÊÌI ®r¡”qI
©o«I©º”IðI’r©rqI«rqI©º”qI©o«I”ħrÉI
RC
LO
JZI KMRuYNYSI QMI PKYKLMVNYPI ORˆQYNPI
MK^MNYPZY`PQPI KMI NYRNOVKNRY[MI PI ZPI
SRYMVLPNY_VI LMZMW_VYNPI RMK^MNLSI QMI ZPI
NOMKLY_VI ^ZPVLMPQPUI q‘“I ñ°oI ¯¡rpo©”I
«”Ioµ‘q‘¸“I©oI©‘p’”µo“I¯r¡Ioqp¡‘’rÉI
uMVQR\I S[ZYTPQSI PI RMKPRNYRZMI QMIIIIIIII
ZSKI TPKLSKI OQYNYPZMKI QM[YQPXMVLMI
OKLYWYNPQSKI MVI ˜OMI …O[YMRPI YVNORRYQSI
MVI ZPI RMNZPXPNY_VUI LPZMKI NSXSI
…SVSRPRYSKIQMIz[STPQSUI ‹RSNORPQSRI]I
QMX\KI NSKLPKUI q‘oµ¯¡oI ñ°oI o«I
¯o¡–°©‘p”©rI ®°í‘oqoI rí’o“‘©rI °“I
¡oq°«’”©rI µ³qI 씲r¡”í«oI ñ°oI o«I
rì¡op‘©rI ¯r¡I o«I qo»°¡”©r¡I ðI pr“I o«I
«ºµ‘’oI µ³´‘µrI ©oI «rqI »”q’rqI –°¡º©‘prqI
»”¡”“’‘rqÉI
ô”qIpr“q°«’”qIqo¡³“I”’o“©‘©”qI”I’¡”²¨qI
“q°«’”qIqo¡³“I”’o“©‘©”qI”I’¡”²¨qI
©o«I“̵o¡rI©oI’o«¨ìr“rIĉĊÊIÊÌIÊĊĊĊI
o«I“̵o¡rI©oI’o«¨ìr“rIĉĊÊIÊÌIÊĊĊĊI
ÈÉÊÉI IJop«”µ”p‘¸“I©oI©”ħrqI
JZIzKMTORPQSRIPKOXYR\IZPIQMWMVKPIQMIZPI
RMK^SVKP[YZYQPQI ^MVPZI QMZI zKMTORPQSI
MVI NOPZ˜OYMRI ^RSNMKSI ˜OMI KMI YVKLRO]PI
^SRI …MN…SKI VSI NPOKPQSKI uSZOVLPRYP¤
XMVLMI^SRI—ZISIMVIZSKI˜OMIVSINSVNORRPI
QSZSI SI NOZ^PI TRPuMI ^SRI KOI ^PRLMaI
zKYXYKXSUI
zK
YXYKXSUI ˜OMQPI NO[YMRLPI ZPI QMWMVKPI
ORˆQYNPI PVLMI MZI SRQMVI ORYKQYNNYSVPZI
^MVPZI MVI P˜OMZZSKI NPKSKI MVI ˜OMI MZI
zKMTORPQSI SI KOKI WPXYZYPRMKI KMPVI
^MROQYNPQSKI^SRIMZIQMZYLSISIWPZLPaI
ON
£SX^RMVQMIZPIRMNZPXPNY_VIPXYKLSKPI]I
OQYNYPZI PVLMI ZSKI xRY[OVPZMKI MK^P{SZMKI
QMI ZSKI QP{SKI XPLMRYPZMKI PI ZSKI [YMVMKI
^RS^YMQPQI QMZI zKMTORPQSUI ZSKI QP{SKI
^MRKSVPZMKI ]I ZSKI ^MROYNYSKI QMRYuPQSKI
QMI MKLSKUI NPOKPQSKI ^SRI PNLSKI OI
SXYKYSVMKIQMINPR\NLMRIM€LRPNSVLRPNLOPZI
QMIOVILMRNMRSaI
ÈÉËÉI noìo“q”I¯o“”«I
”ĽInoìo“q”I”“’oI«”I©µ‘“‘q’¡”p‘¸“òI
Inoìo“q”I”“’oI«”I©µ‘“‘q’¡”p‘¸“òI
£SX^RMVQMI ZPI QMWMVKPI o“I ²º”I
^RS
”©µ‘“‘q’¡”’‘²”I WRMVLMI PI ZSKI ^RSNMQY¤
XYMVLSKIYVNSPQSKIPZIzKMTORPQSI^SRIZPI
NSXYKY_VI QMI ^RMKOVLPKI YVWRPNNYSVMKI
PQXYVYKLRPLYuPKI SI RMZPLYuPKI PI KOI
uYuYMVQPaI
AL
TU
AC
Ĺù
TR
tYI MVI uˆPI PXYKLSKPI MZI zKMTORPQSRI
ZZMTPRPI PI OVI PNOMRQSI KS[RMI ZPI
YVQMXVY`PNY_VI PI KPLYKWPNMRI ^SRI MZI
LMRNMRSI ^RMKOVLSI RMK^SVKP[ZMUI ZSI
^SVQR\I MVI NSVSNYXYMVLSI QMZI
zKMTORPQSIPZIS[MLSIQMI˜OMIXPVYWYMKLMI
KOI NSVWSRXYQPQaI tYI MZI zKMTORPQSI KMI
XSKLRPRPI QYKNSVWSRXMI NSVI MZI PNOMRQSI
PZNPV`PQSI ]I MZIzKMTORPQSRI NSVKYQMRP¤
KMI ˜OMI VSI MKI WPNLY[ZMI S[LMVMRIIII
XMSRMKI RMKOZLPQSKI WSRXOZPVQSI OVPI
RMNZPXPNY_VI OQYNYPZUI ˜OMQPR\I MZI
zKMTORPQSI MVI ZY[MRLPQI QMI YVYNYPRI ^SRI
KOI NOMVLPI ZPKI PNNYSVMKI ZMTPZMKI ˜OMI
MKLYXMI NSVuMVYMVLMKaI JZI zKMTORPQSRI
ÈÉÌÉI no¡op®rI”©µ‘“‘q’¡”’‘
no¡op®rI”©µ‘“‘q’¡”’‘²rI
íĽIIJop«”µ”p‘r“oqI”I«”I
©µ‘“‘q’¡”p‘¸“òI
^SV¤
^S
V¤
£SX^RMVQMIZPIRMNZPXPNY_VIQMIRMK^SV¤
QPQI
KP[YZYQPQI
^PLRYXSVYPZI
PI
ZPKI
zQXYVYKLRPNYSVMKI ‹v[ZYNPKI ^SRI PNNY¤
QMVLMKI QMI NYRNOZPNY_VI MVI uM…ˆNOZSKI PI
XSLSRUIKOWRYQSKI^SRIMZIzKMTORPQSUI˜OMI
I
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
zKYXYKXSUINSX^RMVQMIZPIRMNZPXPNY_VI
PXYKLSKPI]IOQYNYPZI^SRIYVNOX^ZYXYMV¤
LSIQMINSVLRPLSKIQMÍI
zKYXYKXSUI˜OMQPINO[YMRLPIZPIRMNZPXP¤
NY_VIQMIRMK^SVKP[YZYQPQI^PLRYXSVYPZIPI
ZPIzQXYVYKLRPNY_VI‹v[ZYNPINSX^MLMVLMI
^SRI PNNYQMVLMKI KOWRYQSKI ^SRI MZI
zKMTORPQSINSXSI^MPL_VISRYTYVPQSKIMVI
ZPIuˆPI^v[ZYNPaI
óI Ħrµ¯¡”²o“’”I ðI ©o¯¸q‘’rI QMI
S[MLSKI QMI QMNSRPNY_VI ]I XS[YZYPRYSUI
P^PRPLSKI MZMNLRSQSX—KLYNSKUI POPRI
^MRKSVPZI ]I PVYXPZMKI QMI NSX^P{ˆPI
p°ðrI ²”«r¡I °“‘’”¡‘rI “rI q°¯o¡oI «rqI
ÈĈÉĊĊĊIõıIJij ÉI
VA
…P]PVI
KYQSI
SNPKYSVPQSKI
^SRI
QMWMNLOSKPI KM{PZY`PNY_VI SI XPZI MKLPQSI
QMIZPIuˆPI^v[ZYNPaI
RC
LO
óI ·¡oq’”p‘¸“I ©oI qo¡²‘p‘rqI QMI
^RSWMKYSVPZMKI LYLOZPQSKUI …SK^YLPZP¤
RYSKUI uYPMKI LORˆKLYNSKUI …SKLMZMRˆPUI
MVKM{PV`PUI LYVLSRMRˆPI ]I RM^PRPNY_VI
QMI S[MLSKI QMI OKSI ^MRKSVPZUI QMI ZSKI
˜OMI MZI zKMTORPQSI KMPI LYLOZPRI ]I
QMKLYVPLPRYSIWYVPZaI
zKYXYKXSUI˜OMQPINO[YMRLPIZPI KSZYNYLOQI
PI ZPI zQXYVYKLRPNY_VI NSX^MLMVLMI QMZI
RMNSVSNYXYMVLSI QMI ZPI KYLOPNY_VI QMI
QM^MVQMVNYPI QMZI zKMTORPQSI ]I QMZI
QMRMN…SI ˜OMI ^OMQPI LMVMRI PI ZPKI
^RMKLPNYSVMKI QMZI tYKLMXPI ^PRPI ZPI
zOLSVSXˆPI ]I zLMVNY_VI PI ZPI
‰M^MVQMVNYPaI
óI °µ‘“‘q’¡rI
QMI PTOPUI
TPKUI
MZMNLRYNYQPQUI LMZ—WSVSI SI ŸVLMRVMLUI QMI
ZSKI ˜OMI MZI zKMTORPQSI KMPI LYLOZPRI ]I
QMKLYVPLPRYSIWYVPZaI
ON
xPX[Y—VI ˜OMQPI NO[YMRLPI ZPI RMNZPXP¤
NY_VI QMI ZPI RMK^SVKP[YZYQPQI NYuYZI MVI
˜OMI ^OMQPI YVNORRYRI MZI LYLOZPRI QMI OVI
RuYNYSI QMI LRPVK^SRLMI ^v[ZYNSI MVI
KMRuYNYSI
KO^OMKLSKI QMI NPˆQPKI ]I ZMKYSVMKI QMZI
zKMTORPQSI MVI MZI YVLMRYSRI QMI QYN…SI
LRPVK^SRLMaI
AL
TU
AC
JZIzKMTORPQSRIPKOXYR\IZPI^RMKMVLPNY_VI
QMI RMNZPXPNYSVMKI MVI VSX[RMI QMZI
zKMTORPQSI PVLMI ZPI ‡WYNYVPI ¬OVYNY^PZI
QMI ŸVWSRXPNY_VI PZI £SVKOXYQSRI
Ĩ‡a¬aŸa£aĩI SI PVLMI MZI ‡RTPVYKXSI QMI
NSVKOXSI POLSV_XYNSUI PKˆI NSXSI ZPI
^RMKMVLPNY_VI QMI KSZYNYLOQMKI QMI
PR[YLRPMI QMI NSVKOXSI RMZPLYuPKI PI
PQ˜OYKYNYSVMKI QMI [YMVMKI SI KMRuYNYSKI
q°¯o¡‘r¡oqI”IÈöĊIõıIJij I^PTPQSKINSVI
LPRMLPI ^SRI NSX^RPKI PI QYKLPVNYPI ]I ^SRI
PQ˜OYKYNYSVMKI RMPZY`PQPKI WOMRPI QMI ZSKI
MKLP[ZMNYXYMVLSKIXMRNPVLYZMKaI
TR
ÈÉöÉI no¡op®rI©oIpr“q°µrI
JZI zKMTORPQSRI LPX[Y—VI RMNZPXPR\I
PXYKLSKPI ]I OQYNYPZXMVLMI WRMVLMI PZI
WP[RYNPVLMI QMI OVI uM…ˆNOZSI VOMuSI
PQ˜OYRYQSI ^SRI MZI zKMTORPQSI ^SRI
YVNOX^ZYXYMVLSIQMIZPITPRPVLˆPUI^SRIZSKI
QP{SKI NPOKPQSKI NOPVQSI MZI uM…ˆNOZSI
QMZI zKMTORPQSI KMI MVNOMVLRMI MVI
QM^_KYLSI ]I ^SRI ZPI RM^PRPNY_VI
QMWMNLOSKPI QMZI XYKXSI MVI LPZZMRI
POLSRY`PQSUI ˜OMQPVQSI YVNZOYQSKI ZSKI
TPKLSKIQMI^MRYLPNY_VaI
ÈÉ÷ÉI no¡op®rIô”ír¡”«IðI o»°¡‘©”©I
rp‘”«I
ĦrµrI ¯o¡po¯’r¡I ©oI ¯o“q‘r“oqI ¯Ěí«
¯Ěí«‘ª
¯Ě
í«‘ª
Ի
p”qUI
UI ZPI RMNZPXPNY_VI PI ZPI tMTORYQPQI
tSNYPZI ĨYVNZO]MVQSI ZPKI RMNZPXPNYSVMKI
PI ZPI ¬OLOPZYQPQI QMI WOVNYSVPRYSKI SI
ŸVKLYLOLSI ˜OMI NSRRMK^SVQPĩI QMI ZSKI
QMRMN…SKI RMZPLYuSKI PI ZPI ^MVKY_VI
I
ĹĮ
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
NSRRMK^SVQYMVLMUI°“”I²oïIñ°oIqoI®”ð”I
©o“o»”©rI «”I qr«‘p‘’”©”I ‘“‘p‘”«µo“’oI
¯r¡Io«Iqo»°¡”©rÉI
VA
ĦrµrI oµ¯«o”©r¡UI ZPI QMWMVKPI PVLMI
SRTPVYKXSKI QMI NSVNYZYPNY_VI ]I ZPI
RMNZP
ORYKQYNNY_VI KSNYPZI MVI ZPKI RMNZPXPNYS¤
VMKI QMI KOI ^MRKSVPZI PZI KMRuYNYSI
QSX—KLYNSUI q‘oµ¯¡oI ñ°oI ¨q’oI qoI
o“p°o“’¡oI o“I q‘’°”p‘¸“I ©oI ”«’”I o“I o«I
IJ¨»‘µo“I pr¡¡oq¯r“©‘o“’oI ©oI «”I
o»°¡‘©”©I rp‘”«ÉI
¯r¡I o«I qo»°¡”©rI ðI «”I ¯”¡’oI
‘“p°µ¯«‘©r¡”I oq’°²‘oqoI «o»”«µo“’oI
”°’r¡‘”I ¯”¡”I o«I o–o¡p‘p‘rI ©oI «”I
”p’‘²‘©”©ÉI
RC
LO
NĩI™PI QMWMVKPI ]I RMNZPXPNY_VI MVI ZSKI
NSVWZYNLSKI NSVI KOKI YVXMQYPLSKI
uMNYVSKI^SRINOMKLYSVMKIQMIKMRuYQOX¤
[RMKI QMI ^PKSUI ZONMKUI uYKLPKUI
QYKLPVNYPKUI ZYVQMKUI XMQYPVMRˆPKI SI
^ZPVLPNYSVMKaI
ÈÉøÉI •‘²‘o“©”I
JZI zKMTORPQSRI RMNZPXPR\I ZSKI QP{SKI ]I
^MROYNYSKI SNPKYSVPQSKI PZI XS[YZYPRYSI
NSVI XSLYuSI QMZI LRPVK^SRLMI SIQM^_KYLSUI
ZZMuPQSI PI NP[SI ^SRI MX^RMKPKI QMI
XOQPV`PKaI
MĩI™PI RMuYKY_VI SI RMQPNNY_VI QMI
QSNOXMVLSKI NSVLRPNLOPZMKUI NPRLPKI ]I
MKNRYLSKI PV\ZSTSKI RMZPLYuSKI PI
NSX^RPuMVLPI SI PRRMVQPXYMVLSI QMI
uYuYMVQPaI
ON
‘I o«I qo»°¡”©rI ì°oqoI ¯¡r¯‘o’”¡‘rI QM
QMI
ZPIuYuYMVQPUINSX^RMVQMÍII
QĩI™PI QMWMVKPI ]I RMNZPXPNY_VI QMI KOKI
YVLMRMKMKI WRMVLMI PI ZPI £SXOVYQPQI QMI
‹RS^YMLPRYSKUI q‘oµ¯¡oI ñ°oI oq’°²‘oqoI
”«I pr¡¡‘o“’oI ©oI ¯”»rI ©oI «”qI p°r’”qI
«o»”«µo“’oI”pr¡©”©”qÉI
[ĩI™PI RMNZPXPNY_VI OQYNYPZI ]I
M€LRPOQYNYPZI^SRIYVNOX^ZYXYMVLSIQMI
NSVLRPLSKI QMI PRRMVQPXYMVLSI QMI
S[RPKI SI KMRuYNYSKI QMI RMWSRXPUI
RM^PRPNY_VUI NSVKMRuPNY_VI ]I XPVLM¤
VYXYMVLSI QMI YVKLPZPNYSVMKI MVI ZPI
uYuYMVQPUI p°”“©rI o«I ¯”»rI ©oI «rqI
µ‘qµrqI pr¡¡oq¯r“©”I o“I q°I
’r’”«‘©”©I ðI ®”ð”I q‘©rI q”’‘qìop®rII
AL
TU
AC
¸«rI qo¡³I rí–o’rI ©oI ¡op«”µ”p‘¸“I
–°©‘p‘”«I o«I ¯”»rI ©oI «”qI ¡o“’”qI ñ°oI qoI
©o²o“»°o“I °“”I ²oïI qoI o“p°o“’¡oIIIII
o“I ²‘»r¡I oq’”I »”¡”“’º”I ðI ®”ð”I
’¡”“qp°¡¡‘©rIo«I¯«”ïrI©oIp”¡o“p‘”ÉI
‘Io«Iqo»°¡”©rIì°oqoI”¡¡o“©”’”¡‘rIQMI
uYuYMVQPUI ZPI QMWMVKPI ]I RMNZPXPNY_VI
uYuYMVQPUI
PXYKLSKPI ]I OQYNYPZI PZI PRRMVQPQSRI ^SRI
NOPZ˜OYMRI NSVWZYNLSI QMRYuPQSI QMZI
NSVLRPLSI
VLRPLSI QMI PRRMVQPXYMVLSUI o´po¯’rI
o“I «rqI ¯¡rpo©‘µ‘o“’rqI ©oI ©oq”®°p‘rI
¯r¡I‘µ¯”»rÉI
TR
PĩI™PI RMNZPXPNY_VI PXYKLSKPI ]I
OQYNYPZI NSVLRPI MZI uMVQMQSRI ]I
NOPZ˜OYMRI NSVWZYNLSI QMRYuPQSI QMI
NSVLRPLSKI QMI PRRMVQPXYMVLSI QMI
uYuYMVQPaI
ÈÉĈÉI ł‘qp”«‘©”©I
JZI zKMTORPQSRI PKOXYR\I ZPI QMWMVKPI QMI
ZSKI YVLMRMKMKI QMZI zKMTORPQSI NSXSI
S[ZYTPQSILRY[OLPRYSUI®”q’”I”»r’”¡I«”I²º”I
opr“¸µ‘prª”©µ‘“‘q’¡”’‘²”UI MVI ZSKI
^RSNMQYXYMVLSKI LRY[OLPRYSKI YVYNYPQSKI
^SRIZPIzQXYVYKLRPNY_VI]IRMZPLYuSKIPZÍI
óI ŸX^OMKLSI KS[RMI ZPI ŠMVLPI QMI ZPKI
‹MRKSVPKI¼ˆKYNPKIĨŸŠ‹¼ĩaI
óI ŸX^OMKLSIKS[RMIMZI‹PLRYXSVYSaI
I
ĹĹ
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
óI ŸX^OMKLSI KS[RMI tONMKYSVMKI ]I
‰SVPNYSVMKaI
VA
óI ŸX^OMKLSI KS[RMI xRPVKXYKYSVMKI
‹PLRYXSVYPZMKI ]I zNLSKI ʼnORˆQYNSKI
‰SNOXMVLPQSKaI
óI ŸX^OMKLSI KS[RMI īYMVMKI ŸVXOM[ZMKI
ĨŸīŸISINSVLRY[ONY_VIOR[PVPĩaI
óI tSZYNYLOQMKI
QMI
NSVKYTVPNY_VI
OQYNYPZI RMZPLYuPKI PZI PRRMVQPXYMVLSI
QMI ZPI uYuYMVQPI MVI ˜OMI …P[YLMI MZI
zKMTORPQSaI
RC
LO
óI ŸX^OMKLSI KS[RMI MZI ŸVNRMXMVLSI QMI
¢PZSRIQMIZSKIxMRRMVSKIQMIÎPLORPZM`PI
ÏR[PVPIĨ^ZOKuPZˆPIXOVYNY^PZĩaI
óI ‡[LMVNY_VI QMI NMRLYWYNPNYSVMKI
ZYLMRPZMKI QMI QSXYVYSI ]I NPRTPKI QMZI
ŠMTYKLRSI QMI ZPI ‹RS^YMQPQUI PKˆI NSXSI
QMI VSLPKI KYX^ZMKI YVWSRXPLYuPKI ^SRI
LYLOZPRI]IWYVNPIRMZPLYuPKIPIZPI uYuYMVQPI
^RS^YMQPQIQMZIzKMTORPQSaI
zKYXYKXSUIMZIzKMTORPQSRIKMIMVNPRTPR\I
QMI ZPI S[LMVNY_VI QMI QO^ZYNPQSKI QMI ZSKI
RMNY[SKI QMZI ŸX^OMKLSI KS[RMI īYMVMKI
ŸVXOM[ZMKIĨŸīŸISINSVLRY[ONY_VIOR[PVPĩaI
ÈÉÈĊÉI ¶¡”µ‘’”p‘¸“I©oIq”“p‘r“oqIIII
¯r¡Ip‘¡p°«”p‘¸“I©oI²o®ºp°«rqIII
”Iµr’r¡I
£SX^RMVQMI ZPI ^RMKMVLPNY_VI QMI
^RSNMQY¤
PZMTPNYSVMKI MVI NOPZ˜OYMRI ^RS
XYMVLSI KPVNYSVPQSRI RMZPLYuSI PI
YVWRPNNYSVMKI PI ZPI ™M]I KS[RMI xR\WYNSUI
£YRNOZPNY_VI QMI ¢M…ˆNOZSKI PI ¬SLSRI ]I
tMTORYQPQI ¢YPZI SI PI ZPI ‡RQMVPV`PI
XOVYNY^PZI KS[RMI ZPI XPLMRYPUI YVNZOYQPKI
ZPKI QMI P^PRNPXYMVLSUI YVNSPQSI PZI
zKMTORPQSI
^SRI
ZPKI
ʼnMWPLORPKI
‹RSuYVNYPZMKI QMI xR\WYNSUI ‡RTPVYKXSKI
QMI £SXOVYQPQMKI zOL_VSXPKI NSVI
NSX^MLMVNYPKI LRPVKWMRYQPKI MVI XPLMRYPI
QMI LR\WYNSI ]I z]OVLPXYMVLSKUI PKˆI NSXSI
RMNORKSKIIIIIIIIIII
ZPI YVLMR^SKYNY_VI QMI ZSKI RMNORKSKI
PI˜OMIZMTPZXMVLMI…P]PIZOTPRIĨYVNZOYQPI
ZPI uˆPI MMNOLYuPĩUI …PKLPI PTSLPRI ZPI
ZPIIIIIII
uˆPI PQXYVYKLRPLYuPI ]UI ^SKLMRYSRXMVLMUI
¯¡o²‘rI
¡o²‘rI oq’°©‘rI ©oI «”I ²‘”í‘«‘©”©I ðI
¯rq‘í‘«‘©”©oqI
rq‘í‘«‘©”©oqI ©oI ¨´‘’rîI o“I «”I ²º”I
pr“’o“p‘rqrI
’o“p‘rqrI ªI ”©µ‘“‘q’¡”’‘²”I q¸«rI o“I
o«Ip”qrI©oIñ°oI«”Iq”“p‘¸“Ipr“q‘q’”Io“I
oIñ°oI«”Iq”“p‘¸“Ipr“q‘q’”Io“I
«”I q°q¯o“q‘¸“I rI ¡o’‘¡”©”I ©o«I ¯o¡µ‘qrI
©oI pr“©°pp‘¸“îI ‘µ¯«‘ñ°oI q°I 씫’”I ©oI
²‘»o“p‘”I ¯r¡I ¯¨¡©‘©”I ©oI «rqI ¯°“’rqI
ON
ÈÉĉÉI ¶¡”µ‘’”p‘¸“I©oIo´¯o©‘o“’oqII
©oI©rµ‘“‘rIðI”p’°”p‘r“oqIIII
“r’”¡‘”«oqIðI¡o»‘q’¡”«oqÉI
ôrqI ®r“r¡”¡‘rqI ©o²o“»”©rqI ¯r¡I «”I
‘“’o¡²o“p‘¸“I ©oI ìo©”’”¡‘rqI ¯Ěí«‘prqI
qo¡³“I”Ip”¡»rI©o«Iqo»°¡”©rÉI
óI J€^MQYMVLMKIQMIQSXYVYSISIPNLPKIQMI
VSLSRYMQPQI ^PRPI ZPI YVXPLRYNOZPNY_VI
QMI WYVNPKUI ZPI RMPVOQPNY_VI QMZI LRPNLSI
KONMKYuSI YVLMRROX^YQSI ]I ZPI YVKNRY^¤
NY_VI MVI MZI ŠMTYKLRSI QMI ZPI ‹RS^YMQPQI
QMI ZPI XP]SRI NP[YQPI QMI WYVNPKI ]PI
YVKNRYLPKaI
óI ™SNPZY`PNY_VI QMI ZPI MKNRYLORPI
^v[ZYNPI ˜OMI QSNOXMVLMI MZI LˆLOZSI QMI
^RS^YMQPQI QMI ZPI uYuYMVQPI QMZI
zKMTORPQSaI
AL
TU
AC
óI ‡LSRTPXYMVLSI
QMI
MKNRYLORPKI
^v[ZYNPKI QMI QMNZPRPNY_VI QMI S[RPI
VOMuPaI
TR
£SX^RMVQMI ZPI PKYKLMVNYPI ORˆQYNPI
VMNMKPRYPI ^PRPI ZPI LRPXYLPNY_VI QMI ZPKI
KYTOYMVLMKI PNLOPNYSVMKUI q‘oµ¯¡oI ðI
p°”“©rI qo”“I ‘“q’”©”qI ¯r¡I o«I
qo»°¡”©rIðîIo“Iq°Ip”qrîIqoI¡oì‘o¡”“I”I
«”I²‘²‘o“©”I¯¡r¯‘o©”©I©o«Iqo»°¡”©ròI
I
Ş
II
!HÁHCAFDÁ=(ûüýþÿ
SSIINN
”q‘»“
”q‘»“”©rqI
rI q‘o“©rI ©oI º“©r«oI
opr“¸µ‘p”îI ñ°oI q°¯o¡oI ‘“
‘“©‘²‘©°”«ª
µo“’oIÈĊĊIõıIJij ÉI
VA
oI o“
o“’o“©o¡³I
’o“©o¡³I ñ°oI pr“p°¡¡o“I
¯rq‘í‘«‘©”©oqI
rq‘í‘«‘©”©oqI ©oI ¨´‘’rI p°”“©rI o´‘q’”I
¯¡°oí”I
¡°oí”I rí–o’‘²”I ñ°oI ¯o¡µ‘’”I
찓©”µo“’”¡Io«I¡op°¡qrIpr“’o“p‘rqrIªI
°“©”µo“’”¡Io«I¡op°¡qrIpr“’o“p‘rqrIªI
”©µ‘“‘q’¡”’‘²rÉI
µ‘“‘q’¡”’‘²rÉI ­rI pr“q’‘’°ðoI ¯¡°oí”I
q°ì‘p‘o“’oI«”Iq‘µ¯«oI²o¡q‘¸“îIpr“’¡”¡‘”I
‘p‘o“’oI«”Iq‘µ¯«oI²o¡q‘¸“îIpr“’¡”¡‘”I
”I «”II ©o“°“p‘”©”îI q°q’o“’”©”I ¯r¡I o«I
qo»°¡”©rÉI
ËÉI į”q’rqI–°¡º©‘prqI»”¡”“’‘rqI
RC
LO
ô”I p°”“’º”I µ³´‘µ”I »”¡”“’‘”I ¯”¡”I
«rqI »”q’rqI ñ°oI ‘µ¯«‘ñ°oI «”I ©oìo“q”I
–°¡º©‘p”I ©o«I qo»°¡”©rI ðI o«I µ³´‘µrI
©oI «rqI ©o¯¸q‘’rqîI p”°p‘r“oqI ðI 쑔“ï”qI
–°©‘p‘”«oqI p‘²‘«oqI ðI ¯o“”«oqI ”I ¯¡oq’”¡I
¯r¡I p”©”I q‘“‘oq’¡rîI qoI oq’”í«opoI o“I
ËÉöĊĊI õıIJij I ¯”¡”I «”qI »”¡”“’º”qI
©oqp¡‘’”qîI 쑖³“©rqoI °“”I p°”“’º”I
µº“‘µ”I «‘’‘»‘rq”I »o“¨¡‘p”I ©oI ÈĈĊI
õıIJij ÉI
I oq’rqI oìop’rqI qo¡³I ‘µ¯¡oqp‘“©‘í«oI
ñ°oIo«I²o®ºp°«rI©oIµr’r¡Io“I¡o«”p‘¸“I
”«I p°”«I qoI ®”ð”I ‘“pr”©rI o«I
¯¡rpo©‘µ‘o“’rI q”“p‘r“”©r¡I 쑻°¡oI
pr¡¡oq¯r“©‘o“ª
pr¡¡oq¯r
‘“qp¡‘’rI o“I o«I ¡o»‘q’¡rI pr¡¡oq¯r“©‘o“ª
’oI”I“rµí¡oI©o«Iqo»°¡”©rÉI
ON
ÈÉÈÈÉI Ħr“o´‘¸“Ipr“Iír»”©rqIIIIIIIII
ðI·¡rp°¡”©r¡oqI
­rI oq’³“I p°í‘o¡’”qI «”qI ‘“©oµ“‘ï”p‘rª
“oqîIµ°«’”qIrIq”“p‘r“oqIopr“¸µ‘p”qI”I
ñ°oI ì°o¡oI pr“©o“”©rI o«I qo»°¡”©rîI
«rqI ’¡‘í°’rqI ©oI «rqI ñ°oI ì°o¡”I q°–o’rI
¯”q‘²rIðI«rqI»”q’rqIñ°oI¯¡rpo©”“I ¯r¡I
”p°µ°«”p‘¸“I rI ¡opr“²o“p‘¸“I p°”“©rI
qoI ¡oì
¡oì‘o¡”“I ”I µ”’o¡‘”qI “rI prµ¯¡o“©‘ª
©”qIo“Ioq’”I»”¡”“’º”ÉI
tMI TPRPVLY`PVI ZSKI MuMVLSKI PKMTORPQSKI
^RSQONYQSKI MVI LMRRYLSRYSI MK^P{SZI ˜OMI
KMPVI NSX^MLMVNYPI QMI ZSKI ʼnO`TPQSKI ]I
xRY[OVPZMKIMK^P{SZMKaI
I
Ŧ
tPZuSI ^PRPI ZPI NS[MRLORPI QMI zKYKLMVNYPI
ORˆQYNPI LMZMW_VYNPI MK^MNYPZY`PQPI ]I
]IIII
QMI xRPXYLPNY_VI QMI KPVNYSVMKI ^SRI
NYRNOZPNY_VI QMI uM…ˆNOZSKI PI XSLSRUI o«I
¯o¡ºr©rI ©oI p”¡o“p‘”I qo¡³I ©oI ¶IJõ I
§õ õ I”Ipr“’”¡I©oq©oI«”Iìop®”Io“Iñ°oI
o“’¡¸Io“I²‘»r¡I«”I»”¡”“’º”ÉI
AL
TU
AC
ÊÉI õ´’o“q‘¸“I’o¡¡‘’r¡‘”«I
ÌÉII ·o¡ºr©rqI©oIp”¡o“p‘”I
ÌÉ
TR
JVIZSKIKO^OMKLSKIVSIPX^PRPQSKI^SRIZPI
^RMKMVLMI TPRPVLˆPI QMI ·¡r’opp‘¸“I
¹°¡º©‘p”I ±“’o»¡”«UI MZI zKMTORPQSRUI PI
^MLYNY_VI QMZI zKMTORPQSUI ^SVQR\I PI KOI
QYK^SKYNY_VI
OVI
z[STPQSI
]ĻSI
‹RSNORPQSRUI KYVI NSKLMI PQYNYSVPZI MVI ZPI
^RYXMRPI NSVKOZLPUI ^PRPI ZPI RMPZY`PNY_VI
QMINOPZ˜OYMRINSXMLYQSI^RS^YSIQMIMKLSKI
^RSWMKYSVPZMKUIq‘o“©rIq‘oµ¯¡oI”Ip”¡»rI
©o«I qo»°¡”©rI «rqI ®r“r¡”¡‘rqI
©o²o“»”©rqI ¯r¡I «”I ¯¡oq’”p‘¸“I ©oI «rqI
qo¡²‘p‘rqI¯¡rìoq‘r“”«oqI¡oñ°o¡‘©rqÉI
­rI®”í¡³Iprío¡’°¡”Iq‘Io“Io«Iµrµo“’rI
©oIìr¡µ”«‘Ioq’”I»”¡”“’º”IrI©°¡”“’oI
o«I ¯o¡ºr©rI ©oI p”¡o“p‘”îI qoI ¡oq°o«²oI
¯r¡I ”«»°“”I ©oI «”qI ¯”¡’oqI ©o«I pr“’¡”’rI
r¡‘»o“I ©oI «‘’‘»‘rI rI qoI qr«‘p‘’”I q°I
¡oqr«°p‘¸“îI”“°«”p‘¸“IrIµr©‘ì‘p”p‘¸“ÉI
öÉI Ħr«”ír¡”p‘¸“I©o«Iqo»°¡”©rI
©r
õ«I qo»°¡”©rI qoI rí«‘»”I o´¯¡oq”µo“’oI
”I ¯¡oq’”¡I «”I pr«”ír¡”p‘¸“I ©o푩”I o“I
r¡©o“I ”I r’r¡»”¡I «”I ¡o¯¡oqo“’”p‘¸“I
pr¡¡oq¯r“©‘o“’oI ðI ì”p‘«‘’”¡I «”I ©‘¡opª
I
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
pr“
p‘¸“I –°¡º©‘p”I ¯”¡”I «”I pr“qop°p‘¸“I
©oI
«”qI¯¡oq’”p‘r“oqI”qo»°¡”©”qÉI
VA
zKYXYKXSUI ]I MVI ZSKI KO^OMKLSKI MVI ˜OMI
KMPI VMNMKPRYSUI MZI zKMTORPQSI …PR\I
MTPRI PZI zKMTORPQSRI MZI LM€LSI ˆVLMTRSI
ZZMTPRI
QMI ZPI QSNOXMVLPNY_VI ^MRLYVMVLMI ^SRI
WP€UINPRLPINMRLYWYNPQPISI^MRKSVPZXMVLMUI
KYMVQSI YX^RMKNYVQY[ZMI YVQYNPRI MVI MZI
NPKSIQMIZPKIVSLYWYNPNYSVMKUIZPIWMN…PIMVI
˜OMI KMI …P]PVI RMNY[YQSI ]I OVI LMZ—WSVSI
QMI NSVLPNLSI MVI NPKSI QMI VMNMKYLPRI
YVWSRXPNY_VIPQYNYSVPZaI
z[STPQSI]I‹RSNORPQSRIMVIZSKINPKSKIMVI
˜OMI KMI ^RMKMVLMI NSVWZYNLSI QMI YVLMRMKMKI
MVLRMIZPKI^PRLMKIQMZINSVLRPLSaI
JZI z[STPQSI ]I ‹RSNORPQSRI QMKYTVPQSKI
^SRI MZI zKMTORPQSI VSI MKLPR\VI KOMLSKUI
MVIVYVTvVINPKSUIPIZPKIYVKLRONNYSVMKIQMZI
zKMTORPQSRaI
øÉI ·”»rI©oI®r“r¡”¡‘rqI
RC
LO
÷ÉII õ«opp‘¸“I©oIír»”©rI
õ«opp‘¸“I©oIír»”©rIIIIIIIIIIIIII
IIIIIIIIIIIII
ðI·¡rp°¡”©r¡I
ON
JZI zKMTORPQSI LMVQR\I QMRMN…SI PI MZMTYRI
ZY[RMXMVLMI MZI ‹RSNORPQSRI ]I z[STPQSI
˜OMI …P]PI QMI RM^RMKMVLPRZMI ]I
QMWMVQMRZMI MVI NOPZ˜OYMRI NZPKMI QMI
^RSNMQYXYMVLSI RMZPNYSVPQSI NSVI ZPKI
NS[MRLORPKIQMIMKLPITPRPVLˆPUI^MRSIMVIMZI
KO^OMKLSI QMI ˜OMI MZI z[STPQSI MZMTYQSI
VSIRMKYQPIMVIMZI^PRLYQSIOQYNYPZIQSVQMI
…P]PIQMIKOKLPVNYPRKMIMZI^RSNMQYXYMVLSI
[PKMI QMI ZPI ^RMKLPNY_VI TPRPVLY`PQPUI
KMR\VIPINPRTSIQMZIzKMTORPQSIZSKITPKLSKI
]I…SVSRPRYSKI^SRIQMK^ZP`PXYMVLSKI˜OMI
QYN…SI ^RSWMKYSVPZI YVNZO]PI MVI KOI
XYVOLPaI
JZI zKMTORPQSRI KPLYKWPR\I ZSKI …SVSRPRYSKI
QMZIz[STPQSI˜OMIPNLvMIMVIQMWMVKPIQMZI
zKMTORPQSUINSVIKOMNY_VIPIZPKIVSRXPKI
WYPQPKI^SRIZSKIRMK^MNLYuSKI£SZMTYSKIQMI
z[STPQSKI PI ZSKI M€NZOKYuSKI MWMNLSKI QMI
ZPI LPKPNY_VI QMI NSKLPKI ]I QMI ZPI ORPI QMI
NOMVLPKI QMI ZSKI z[STPQSKaI ‰YN…PKI
VSRXPKI KMR\VI NSVKYQMRPQPKI NSXSI
ZˆXYLMI X\€YXSI QMI ZPI S[ZYTPNY_VI QMZI
ZˆX
zKMTORPQSRUI KYMX^RMI ˜OMI VSI KO^MRMVI
ZPI NPVLYQPQI X\€YXPI MKLP[ZMNYQPI ^PRPI
}PKLSKIʼnORˆQYNSKI}PRPVLY`PQSKaI
™SKI QMRMN…SKI QMZI ‹RSNORPQSRUI p°”“©rI
q°I ‘“’o¡²o“p‘¸“I qo”I ¯¡opo¯’‘²”UI KMR\VI
P[SVPQSKINSVWSRXMIPIPRPVNMZaI
AL
TU
AC
JZI zKMTORPQSI LMVQR\UI PKYXYKXSUI
QMRMN…SI PI ZPI ZY[RMI MZMNNY_VI QMI
TR
“’oqI©oI¯¡rpo©o¡I”Iq°I“rµí¡”µ‘o“ª
’rîI o«I qo»°¡”©rI prµ°“‘p”¡³I ”«I
qo»°¡”©r¡Io«I“rµí¡oI©o«Iír»”©rIðI
·¡rp°¡”©r¡I o«o»‘©rqÉI õ“I p”qrI ©oI
‘“p°µ¯«‘µ‘o“’rI ©oI oq’oI ©oío¡îI o«I
qo»°¡”©r¡I ñ°o©”¡³I ì”p°«’”©rI ¯”¡”I
©o“o»”¡Io«I¯”»rI©oI«”qIµ‘“°’”qI©oI«rqI
¯¡rìoq‘r“”«oqI o«o»‘©rqI ¯r¡I o«I
qo»°¡”©rÉI
ô”qI©‘qp¡o¯”“p‘”qIqrí¡oI«”I‘“’o¡¯¡o’”ª
p‘¸“I ©oI ©‘p®”qI “r¡µ”qI qo¡³“I
qrµo’‘©”qI ”I «”I Ħrµ‘q‘¸“I prµ¯o’o“’oI
©o«I
pr¡¡oq¯r“ª
«I Ħr«o»‘rI ©oI ír»”©rqI pr¡¡oq
©‘o“’oÉI
ĈÉII Ħr“ì«‘p’rI©oI‘“’o¡oqoqI
JVINPKSIQMINSVWZYNLSIQMIYVLMRMKMKISIQMI
QMKPuMVMVNYPI KS[RMI MZI XSQSI QMI LRPLPRI
OVPI NOMKLY_VI ZYLYTYSKPUI MZI zKMTORPQSRI
QM[MR\I YVWSRXPRI YVXMQYPLPXMVLMI PZI
zKMTORPQSI QMI ZPI WPNOZLPQI ˜OMI ZMI
NSX^MLMI
X^MLMI QMI MMRNMRI ZSKI QMRMN…SKI QMZI
PRLˆNOZSI NSRRMK^SVQYMVLMI PI ZPI ZY[RMI
MZMNNY_VI QMI z[STPQSI ]I ‹RSNORPQSRI ]I
I
Ĺ½
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
QMZI PRLˆNOZSI NSRRMK^SVQYMVLMI PI ZPI
KSZONY_VIQMINSVWZYNLSKIMVLRMIZPKI^PRLMKaI
ĉÉII r«°p‘¸“I©oIpr“ì«‘p’rqIIIIIIIII
ĉÉ
o“’¡oI«”qI¯”¡’oqI
VA
JZI zKMTORPQSI LMVQR\I QMRMN…SI PI KSXM¤
LMRIPIPR[YLRPMINOPZ˜OYMRIQYWMRMVNYPI˜OMI
^OMQPI KORTYRI MVLRMI MZZSKI ]I MZI
zKMTORPQSRIKS[RMIMKLPITPRPVLˆPaI
zKMTORPQSRIKS[RMIMKLPITPRPV
JVI XPLMRYPI QMI WYKNPZYQPQUI KMI
NSVKYQMRPR\I ^RSQONYQSI MZI KYVYMKLRSI MVI
MZI XSXMVLSI MVI ˜OMI MZI zKMTORPQSI
RMNY[PIZPIVSLYWYNPNY_VINSRRMK^SVQYMVLMaI
”«²rI ¯”p’rI o“I pr“’¡”¡‘rîI “rI qr“I
rí–o’rI©oIprío¡’°¡”Io“Ioq’”I»”¡”“’º”òI
”ĽI ôrqI q‘“‘oq’¡rqI ”µ¯”¡”©rqI ¯r¡I o«I
¡oq’rI©oI»”¡”“’º”qI©oI«”I¯¸«‘ï”ÉI
íĽI ô”qI ¡op«”µ”p‘r“oqI ©oI p°”«ñ°‘o¡I
’‘¯rIñ°oI¯°o©”Iìr¡µ°«”¡Io«Iqo»°¡”©rI
pr“’¡”I
­¶I
ôıĦķîI
ɐÉîI
Ħrµ¯”ħº”I ©oI o»°¡rqI ðI IJo”qo»°¡rqîI
q°qI»o“’oqI©oIqo»°¡rIo´p«°q‘²rqîIq°qI
¯¡r²oo©r¡oqI
©oI
qo¡²‘p‘rqI
rI
p°”«oqñ°‘o¡”I ©oI «”qI ¯o¡qr“”qI ñ°oîI
©‘¡op’”I rI ‘“©‘¡op’”µo“’oîI oq’¨“I
²‘“p°«”©”qI pr“I o««”I ¯r¡I ìr¡µ”¡I ¯”¡’oI
©oI«”Iµ‘qµ”I°“‘©”©I©oI©op‘q‘¸“ÉI
RC
LO
™PI QMKYTVPNY_VI QMI \R[YLRSKI VSI ^SQR\I
…PNMRKMIPVLMKIQMI˜OMIKORPIZPINOMKLY_VI
QYK^OLPQPaI
ÈĊÉII no쑓‘p‘¸“I©oIq‘“‘oq’¡rI
pĽI ôrqI
ôr «‘’‘»‘rqI qrí¡oI p°oq’‘r“oqI ©oI
¯¡r¯‘o©”©I ‘“’o«op’°”«I oI ‘“©°q’¡‘”«I rI
©oI qrp‘o©”©oqîI ”qºI prµrI «rqI
¯¡rpo©‘µ‘o“’rqI –°©‘p‘”«oqI qrí¡oI
pr“po“’¡”p‘¸“I
“po“’¡”p‘¸“I ¯”¡po«”¡‘”îI o´¯¡r¯‘”ª
p‘¸“I
“I rI ñ°oI ©‘µ”“o“I ©oI pr“’¡”’rqI
qrí¡oI
¡oI poq‘¸“I ©oI ©o¡op®rqI ”I 씲r¡I ©o«I
qo»°¡”©rÉI
¡”©rÉI
ON
zI ZSKI MWMNLSKI QMI ZPI ^RMKMVLMI TPRPVLˆPUI
KMIMVLYMVQMI^SRIKYVYMKLRSILSQSI…MN…SISI
PNSVLMNYXYMVLSI YX^RMuYKLSI ˜OMI NPOKMI
ZMKY_VI MVI ZSKI YVLMRMKMKI QMZI zKMTORPQSI
SIXSQYWY˜OMIKOIKYLOPNY_VIORˆQYNPaI
JVI ZSKI ZYLYTYSKI KS[RMI XPLMRYPI NSVLRPN¤
LOPZI SI RMZPLYuSKI PI uYuYMVQPUI KMI
NSVKYQMRPR\I ^RSQONYQSI MZI KYVYMKLRSI MVI
MZI XSXMVLSI MVI ˜OMI MZI zKMTORPQSUI MZI
NSVLRPRYSISIMZILMRNMRSINSXMLYMRSVUISIKMI
^RMLMVQMI ˜OMI NSXMLYMRSVUI ZPI YVWRPN¤
NY_VI QMI ZPKI S[ZYTPNYSVMKI NSVLRPNLOP¤
ZMKaI
ĹŁ
©ĽII ô”I ©oìo“q”I o“I «rqI ¯¡rpo©‘µ‘o“’rqI
©‘¡‘»‘©rqI
‘¡‘»‘©rqI pr“’¡”I o«I qo»°¡”©rI ¯r¡I
µr¡rq‘©”©Io“Io«I¯”»rI©oI©o°©”qÉI
r¡rq‘©”©Io“Io«I¯”»rI©oI©o°©”qÉI
AL
TU
AC
JVI ZSKI KO^OMKLSKI QMI RMNZPXPNY_VI ^SRI
NOZ^PI VSI NSVLRPNLOPZI KMI ^RSQONYR\I MZI
KYVYMKLRSI MVI MZI XSXMVLSI XYKXSI MVI
˜OMIMZIQP{SI…P]PIKYQSINPOKPQSaI
TR
JVI ZPKI YVWRPNNYSVMKI SI RMNZPXPNYSVMKI
^MVPZMKI ]I PQXYVYKLRPLYuPKI KMI NSVKYQM¤
RPR\I ^RSQONYQSI MZI KYVYMKLRSI MVI MZI
XSXMVLSI MVI ˜OMI KMI …P]PI RMPZY`PQSI SI
KMI ^RMLMVQPI ˜OMI KMI RMPZY`_I MZI …MN…SI
^OVY[ZMI SI NOPVQSI KMI ^RSQOMRSVI ZSKI
…MN…SKI QMLMRXYVPVLMKI QMI ZPI RMNZPXP¤
NY_VaI
oĽI ôrqI
qI q‘“‘oq’¡rqI ñ°oI qoI ©op«”¡o“I
©oq¯°¨qI
oq¯°¨qI ©oI ’¡”“qp°¡¡‘¡I nij I Ńij I
©oq©oI
oq©oI «”I ìop®”I ©oI ¡oqp‘q‘¸“I rI
”“°«”p‘¸“I©oIoq’”I»”¡”“’º”ÉII
°«”p‘¸“I©oIoq’”I»”¡”“’º”ÉII
ìĽII ô”qI ”p’°”p‘r“oqI –°©‘p‘”«oqI p°ð”I
¡oqr«°p‘¸“I
°p‘¸“I prµ¯r¡’oI«”I ”¯«‘p”p‘¸“I ©oI
no¡op®rIo´’¡”“–o¡rÉI
noI pr“ìr¡µ‘©”©I pr“I «rI ©‘q¯°oq’rI o“I
o«I ”¡’ºp°«rI öÉÊI ®ĽI ©o«I IJo”«I nop¡o’rI
ôo»‘q«”’‘²rI÷ŅÊĊĊÌîI©oIÊĉI©oIrp’°í¡oîI
¯r¡I o«I ñ°oI qoI ”¯¡°oí”I o«I ¶o´’rI
I
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
VA
I
IJo찓©‘©rI©oI«”IôoðI©oIij¡©o“”p‘¸“IðI
!?CGD<¿@ŏÃãÁAHE@HABD¿<Á>@HĘ=?=C@>=H¿=HE=?=FCG=H
°¯o¡²‘q‘¸“I ©oI «rqI o»°¡rqI ·¡‘²”©rqI
ņëijõI ©oI öI ©oI “r²‘oµí¡oĽîI «”I »oq’‘¸“I
©oI «rqI q‘“‘oq’¡rqI ©oI oq’oI o»°¡rI ©oI
noìo“q”I ¹°¡º©‘p”I ñ°o©”I pr“ì‘”©”I ”I «”I
qrp‘o©”©I
oq¯op‘”«‘”I
ij I
õįıIJij IĸIIJõ õįıIJij îI ɐÉI
ıIJij IĸIIJõ õįıIJij îI ɐÉI
RC
LO
cÑÒÓÔÕÖ×hŒÙh
ÑÒÓÔÕÖ×hŒÙ
dlkbŒkhœmŽšl›Œkhcdch
fŒ›ckhŽckhbcdcefgckh
Œ›ckhŽckhbcdcefgck
I
ô•ijII ·Ħ¶ijI õ­I Ħij­¶IJIJ±ijîI
Őıõn­I
ıõn­I õĵĦôı±n I ô I ĦijëõIJª
¶ıIJ II  õįıIJn I õ­I ôij I
±įı±õ­¶õ IĦ ij òI
ON
”ĽI Ħ°”“©rIo«Iq‘“‘oq’¡rIqoIr¡‘»‘“oIpr“I
”“©rIo«Iq‘“‘oq’¡rIqoIr¡‘»‘“oIpr“I
”“’o¡‘r¡‘©”©I
’o¡‘r¡‘©”©I ”I «”I o“’¡”©”I o“I ²‘»r¡I ©oI
«”qI»”¡”“’º”qI©oIoq’oIqo»°¡rÉI
AL
TU
AC
pĽI Ħ°”“©rIo«Iq‘“‘oq’¡rIpr¡¡oq¯r“©”I”I
prío¡’°¡”qI r¯p‘r“”«oqI ñ°oI “rI qoI
®”ð”“I pr“’¡”’”©rI o´¯¡oq”µo“’oI o“I
«”qI Ħr“©‘p‘r“oqI ·”¡’‘p°«”¡oqI ðŅrI
õq¯op‘”«oqÉI
TR
íĽI Ħ°”“©rIo«Iq‘“‘oq’¡rIqo”I¯¡r©°p‘©rI
¯r¡I pr“ì«‘p’rqI ”¡µ”©rqîI ”°“ñ°oIIIIIII
“rI ®”ð”I ¯¡opo©‘©rI «”I ©op«”¡”p‘¸“I
rì‘p‘”«I ©oI »°o¡¡”îI ¡o²°o«’”qîI µr’‘“oqîI
‘“q°¡¡opp‘r“oqI rI °q°¡¯”p‘r“oqI ©oI
¯r©o¡îI®°o«»”qîIo¯‘©oµ‘”qIrì‘p‘”«µo“ª
’oI ©op«”¡”©”qI ðI ”pr“’op‘µ‘o“’rqI
p”«‘ì‘p”©rqI ¯r¡I o«I įrí‘o¡“rI prµrI
őp”’³q’¡rìoIrIp”«”µ‘©”©I“”p‘r“”«őÉI
I
Ĺà
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
ğ
œğĢğ
fdcēlfcmlđeh›hklelkfdŒkh
!?CGD<¿@ÅŔÃÆADAH@H
I
!?CGD<¿@ÅÅÃ!HÁHCAFDÁ=
I
VA
c ÒÓÔÕÖ×hØŗ
cÑÒÓÔÕÖ×hØŗÙh
I
›mkŒkh
mkŒk
I
RC
LO
ÈÉII JVI NPKSI QMI WPZZMNYXYMVLSI QMZI
zKMTORPQSIKMIQM[MR\I^SVMRIMVINSVSNY¤
MTORPQSIKMIQM[MR\I^SVMRIMVINS
XYMVLSI YVXMQYPLSI QMZI zKMTORPQSRUI
ZZPXPVQSIPIZSKIKYTOYMVLMKIVvXMRSKIQ
ZZPXPVQSIPIZSKIKYTOYMVLMKIVvXMRSKIQMI
LMZ—WSVSÍI
öÉI ‘I ”«I 씫«opo¡I °“I qo»°¡”©rI
¡oq°«’”qoI ñ°oI «rI oq’³I pr“I o«I
qo»°¡”©r¡Io“Iµ³qI©oI°“”I¯¸«‘ï”Ipr“I
prío¡’°¡”I ©oI nopoqrqîI o«I qo»°¡”©r¡I
q¸«rI ¡opr“rpo¡³I «rqI ©o¡op®rqI
pr¡¡oq¯r“©‘o“’oqI ”I °“”I ©oI o««”qîI
¯¡rpo©‘¨“©rqoI ”«I ¡ooµír«qrI ©oI «”qI
¯¡‘µ”qI ¯”»”©”qI ¯r¡I o«I ¶rµ”©r¡I ©o«I
qo»°¡rI ©oq©oI «”I ìop®”I o“I ñ°oI qoI
¯¡r©°–rI’”«I©°¯«‘p‘©”©ÉI
noq©oIõq¯”ħ”òIĉĊÊIÊÌIÊĊĊĊI
noq©oIo«Io´’¡”“–o¡ròIŕËÌIĉÈIËøĉIøøIÈĊI
JKLMI LMZ—WSVSI MKLPR\I PLMVQYQSI ^MRXP¤
VMVLMXMVLMIZPKIw|I…SRPKIQMZIQˆPaI
cklkfemlch
I
JVI NPKSI QMI KYVYMKLRSI QMI ZPKI TPRPVLˆPKI
q‘q’o“p‘”I
QMI q‘q’o“p‘”I o“I •‘”–oîI q‘q’o“p‘”III
o“‘r¡I rI §¨©‘prªq‘q’o“p‘”«UI MZI
xSXPQSRI QMZI KMTORSI SI MZI zKMTORPQSI
QM[MR\I ^SVMRZSI MVI NSVSNYXYMVLSI
YVXMQYPLSIQMZI
ON
ÊÉII zKYXYKXSUI ZSKI WPXYZYPRMKI QMZI
zKMTORPQSI
MTORPQSI WPZZMNYQSI QM[MR\VI MVLRMTPRI
PZI zKMTORPQSRI MZI NMRLYWYNPQSI X—QYNSI
SWYNYPZIQMIQMWOVNY_VINOX^ZYXMVLPQSaI
I
cÑÒÓÔÕÖ×hØØÙh
I
noq©oIõq¯”ħ”òIĉĊÊIÊÌIÊĊĊĊI
noq©oIo«Io´’¡”“–o¡ròIŕËÌIĉÈIËøĉIøøIÈĊI
AL
TU
AC
ÌÉI ‘I o«I 씫«op‘µ‘o“’rI ©o«I qo»°¡”©rI
rp°¡¡‘oqoI ì°o¡”I ©oI õq¯”ħ”I ðI q°qI
씵‘«‘”¡oqIr¯’”qo“I¯r¡Iq°I‘“®°µ”p‘¸“I
o“I o«I «°»”¡I ©o«I q‘“‘oq’¡rîI oq’rqI
¡o”«‘³“Io«Iqo¡²‘p‘rI¯r¡Iq°Ip°o“’”IðI
¯¡oqo“’”¡³“I ”«I qo»°¡”©r¡I «”qI
ì”p’°¡”qI pr¡¡oq¯r“©‘o“’oqîI ”qºI prµrI
o«I po¡’‘ì‘p”©rI µ¨©‘prI rì‘p‘”«I ©oI
©o찓p‘¸“îI ”ír“”“©rI o«I qo»°¡”©r¡I
«rqI»”q’rqIrp”q‘r“”©rqI®”q’”Io«I «ºµ‘’oI
ñ°oI 쑻°¡”I ”I oq’rqI oìop’rqI o“I «”qI
Ħr“©‘p‘r“oqI·”¡’‘p°«”¡oqÉI
¶õôńłij­ijInõI ± ¶õ­Ħ±IÊÌIİijIJ I
TR
ËÉI Ħ°”“©rI o«I qo»°¡”©rI 씫«oïp”I o“I
«rp”«‘©”©I ©‘q’‘“’”I ”I «”I ©o«I ©rµ‘p‘«‘rI
ñ°oI 쑻°¡”I o“I «”I ¯¸«‘ï”îI qoI oìop’°”¡³I
°“I qo¡²‘p‘rI ì̓oí¡oI ©oI pr“ìr¡µ‘©”©I
pr“I«rIoq’”í«op‘©rIo“Io«I¡’ºp°«rIÈI©oI
«”I¯¡oqo“’oI¯¸«‘ï”ÉI
JKLMI xJ™Ŗ¼‡Î‡I ‰JI ztŸtxJӟzI
MKLPR\I PLMVQYQSI ^MRXPVMVLMXMVLMI ZPKI
w|I…SRPKIQMZIQˆPaI
‹PRPI MZI RMMX[SZKSI QMI TPKLSKI X—QYNSKI
YVNZOYQSKI MVI ZPI NS[MRLORPI QMI
zKYKLMVNYPI ¬—QYNPI QMI ZPI }PRPVLˆPI QMI
zKYKLMVNYPI tMVYSRUI MZI zKMTORPQSI
QM[MR\I ^RMKMVLPRI PZI zKMTORPQSRI ZPI
NLORPI ]I NOX^ZYXMVLPRI MZI YX^RMKSI QMI
WPNLORPI
KSZYNYLOQIMKLP[ZMNYQSIPILPZIMWMNLSaI
I
žú
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SSIINN
VA
·”¡”I o«I ”ppoqrI ”I «”I ¡o©I ©oI
¯¡rìoq‘r“”«oqI µ¨©‘prqI ðI po“’¡rqI
q”“‘’”¡‘rqîI o«I qo»°¡”©rI ©oío¡³I
‘©o“’‘ì‘p”¡qoI prµrI ’”«I ”«I qr«‘p‘’”¡I «”I
p‘’”I ¯¡o²‘”I ðI o“I o«I µrµo“’rI ©oI
¡op‘í‘¡I«”I¯¡oq’”p‘¸“îI®”p‘o“©rI°qrI©oI
q°I’”¡–o’”I©oI”qo»°¡”©rÉI
”ĽIį¡”©rI ±ÉI ‰M^MVQMVNYPI XSQMRP¤
QPÍI NOPVQSI MZI zKMTORPQSI VMNMKYLMI
P]OQPI
^PRPI
RMPZY`PRI
uPRYPKI
PNLYuYQPQMKI[\KYNPKIQMIZPIuYQPIQYPRYPI
PZI XMVSKI OVPI uM`I PZI QˆPI SI LMVTPI
VMNMKYQPQMKI QMI P^S]SI YVLMRXYLMVLMI
SI ZYXYLPQSI ^PRPI KOI POLSVSXˆPI
^MRKSVPZaI
RC
LO
ؓ‘p”µo“’oI ¯”¡”I «”qI prío¡’°¡”qI ©oI
o¡²‘p‘rI ©oI ¶o«o”q‘q’o“p‘”îI ·¡r»¡”µ”I
©oI ìr¡µ”p‘¸“I ”q‘q’o“p‘”«îI noqp”“qrI
µ¨©‘prª
씵‘«‘”¡I ðI Ħr“q°«’”qI µ¨©‘prª»o¡‘³’¡‘ª
p”qI I ©oI «”I »”¡”“’º”I ©oI q‘q’o“p‘”I
o“‘r¡îI o«I qo»°¡”©rI ©oío¡³I ”¯r¡’”¡I
«”I IJoqr«°p‘¸“I ”©µ‘“‘q’¡”’‘²”I ñ°oI
©o’o¡µ‘“oI q°I »¡”©rI ©oI ©o¯o“©o“p‘”I
rîI o“I q°I ©oìop’rîI ©oío¡³I qrµo’o¡qoI ”I
°“”I o²”«°”p‘¸“I µ¨©‘p”I ¯¡o²‘”I
ņõ²”«°”p‘¸“I »o¡‘³’¡‘p”I ‘“’o»¡”«ĽîI
©o’o¡µ‘“³“©rqoI ”I ¯”¡’‘¡I ©oI ©‘p®”I
IJoqr«°p‘¸“I rI o²”«°”p‘¸“I q°I »¡”©rI ©oI
©o¯o“©o“p‘”I ðI «”qI ¯¡oq’”p‘r“oqI ”I «”qI
ñ°oI’o“©¡³I©o¡op®rÉI
™PI KYLOPNY_VI QMI QM^MVQMVNYPI KMI
NZPKYWYNPR\IMVIZSKIKYTOYMVLMKITRPQSKÍI
ON
íĽIį¡”©rI ±±ÉI ‰M^MVQMVNYPI KMuMRPÍI
NOPVQSI MZI zKMTORPQSI VMNMKYLMI
P]OQPI
^PRPI
RMPZY`PRI
uPRYPKI
PNLYuYQPQMKI[\KYNPKIQMIZPIuYQPIQYPRYPI
QSKI SI LRMKI uMNMKI PZI QˆPUI ^MRSI VSI
˜OYMRPI MZI P^S]SI ^MRXPVMVLMI QMI OVI
NOYQPQSRI SI LMVTPI VMNMKYQPQMKI QMI
P^S]SI M€LMVKSI ^PRPI KOI POLSVSXˆPI
^MRKSVPZaI
AL
TU
AC
TR
‹PRPI ZPI õ²”«°”p‘¸“I »o¡‘³’¡‘p”I ‘“’o»¡”«I
MZIzKMTORPQSIQM[MR\IQMuSZuMRINOX^ZY¤
XMVLPQSI MZI řŸX^RMKSI QMI tSZYNYLOQI
zKYKLMVNYPZŚI ˜OMI MZI zKMTORPQSRI ZMI
RMXYLYR\UI PNSX^P{PQSI QMI OVPI
WSLSNS^YPIQMIKOI‰SNOXMVLSIÎPNYSVPZI
QMI ŸQMVLYQPQUI MVI MZI ˜OMI QMLPZZMI KOI
MKLPQSI QMI KPZOQI PNLOPZUI PKˆI NSXSI ZPI
NPOKPI QMI KSZYNYLOQI QMI QYN…PI
MuPZOPNY_VUI QM[Y—VQSKMI …PNMRI NSVKLPRI
MZI ^RYVNY^YSI QMI ^—RQYQPI QMI POLSVSXˆPI
^MRKSVPZI ˜OMI KMR\I S[MLSI QMI
uPZSRPNY_VIMVIQYN…PIMuPZOPNY_VaI
I
pĽIį¡”©rI ±±±ÉI }RPVI QM^MVQMVNYPÍI
pĽIį¡”©rI
NOPVQSI MZI zKMTORPQSI VMNMKYLMI
P]OQPI ^PRPI RMPZY`PRI PNLYuYQPQMKI
[\KYNPKI QMI ZPI uYQPI QYPRYPI uPRYPKI
uMNMKI PZI QˆPI ]UI ^SRI KOI ^—RQYQPI LSLPZI
QMI POLSVSXˆPI WˆKYNPUI XMVLPZUI
YVLMZMNLOPZI SI KMVKSRYPZUI VMNMKYLMI MZI
P^S]SI YVQYK^MVKP[ZMI ]I NSVLYVOSI QMI
SLRPI^MRKSVPISILMVTPIVMNMKYQPQMKIQMI
P^S]SI TMVMRPZY`PQSI ^PRPI KOI
POLSVSXˆPI^MRKSVPZaI
JVIWOVNY_VIQMZITRPQSIQMIQM^MVQMVNYPUI
MZI zKMTORPQSI LMVQR\I QMRMN…SI PI ZPKI
KYTOYMVLMKI^RMKLPNYSVMKÍI
I
ž
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
į¡”©rI©oI©o¯o“©o“p‘”I
·¡oq’”p‘r“oqI
ŸI]IŸŸI
tMRuYNYSIQMIxMZMPKYKLMVNYPI
VA
ŸŸŸI
‹RSTRPXPIQMIWSRXPNY_VIPKYKLMVNYPZI
ŸŸŸI
ŸŸŸ
‰MKNPVKSIWPXYZYPRI
RC
LO
ŸUIŸŸI]IŸŸŸI
ŸUIŸŸI]IŸŸŸ
ŸU
IŸŸI]IŸŸŸ
I
^PRPI ZPI QMKYTVPNY_VI OQYNYPZI QMI ^MRYLSI
MVI ZPI ™M]I QMI JVOYNYPXYMVLSI £YuYZaI JVI
MKLMI NPKSUI MZI QYNLPXMVI ^MRYNYPZI KMI
MXYLYR\I MVI MZI ^ZP`SI ˜OMI KM{PZMVI ZPKI
^PRLMKISUIMVIKOIQMWMNLSUIMVIMZIQMILRMYVLPI
QˆPKI PI ^PRLYRI QMI ZPI PNM^LPNY_VI QMI KOI
VSX[RPXYMVLSI^SRIMZI^MRYLSILMRNMRSaI
ON
SI …O[YMRPI PNOMRQSI KS[RMI MZI TRPQSI
tYI VSI
QMI QM^MVQMVNYPI MVLRMI MZI zKMTORPQSRI ]I
MZI zKMTORPQSUI ZPI QMLMRXYVPNY_VI KMI
KSXMLMR\I PI ZPI QMNYKY_VI QMI ^MRYLSKI
X—QYNSKI VSX[RPQSKI OVSI ^SRI NPQPI
^PRLMI NSVI ZPI PNM^LPNY_VI MKNRYLPI QMI
—KLSKaI tYI OVPI QMI ZPKI ^PRLMKI VSI …O[YMRPI
…MN…SI ZPI QMKYTVPNY_VUI MKLPR\I S[ZYTPQPI
PIRMPZY`PRZPIMVIZSKISN…SIQˆPKIKYTOYMVLMKI
PIZPIWMN…PIMVI˜OMIKMPIRM˜OMRYQPI^SRIZPI
˜OMI…O[YMRMIQMKYTVPQSIMZIKO]SI]IQMIVSI
…PNMRZSI MVI MKLMI vZLYXSI ^ZP`SUI KMI
MVLMVQMR\I˜OMIPNM^LPIMZIQYNLPXMVI˜OMI
MXYLPI MZI ^MRYLSI QMI ZPI SLRPI ^PRLMUI
˜OMQPVQSIuYVNOZPQPI^SRIMZIXYKXSaI
£SVKOZLPKIX—QYNS¤TMRY\LRYNPKI
žù
AL
TU
AC
tYI VSI …P]I PNOMRQSUI PX[PKI ^PRLMKI
QMKYTVPR\VI OVI LMRNMRI ^MRYLSI QMI
NSVWSRXYQPQI ]UI QMI VSI M€YKLYRI —KLPUI ZPI
QMKYTVPNY_VI KMI …PR\I ^SRI MZI ʼnOM`I QMI
‹RYXMRPI ŸVKLPVNYPI QMZI QSXYNYZYSI QMZI
zKMTORPQSI MVI PNLSI QMI ORYKQYNNY_VI
uSZOVLPRYPI ]I ^SRI ZSKI LR\XYLMKI ^RMuYKLSKI
TR
tYI ZSKI ^MRYLSKI X—QYNSKI ZZMTPVI PI OVI
PNOMRQSUI ZSI …PR\VI NSVKLPRI MVI PNLPI
NSVOVLPI MVI ZPI ˜OMI KMI MK^MNYWYNPR\VI MZI
TRPQSIQMIQM^MVQMVNYPIQMZIzKMTORPQSI]I
ZPKI ^RMKLPNYSVMKI PI ZPKI ˜OMI LMVQR\I
QMRMN…SaI
JZI QYNLPXMVI QMI ZSKI ^MRYLSKUI ^SRI
OVPVYXYQPQI SI ^SRI XP]SRˆPUI KMI
VSLYWYNPR\I PI ZPKI ^PRLMKI QMI XPVMRPI
YVXMQYPLPI ]I QMI WSRXPI YVQO[YLPQPUI
KYMVQSIuYVNOZPVLMI^PRPI—KLPKUIKPZuSI˜OMI
KMI YX^OTVMI ^SRI PZTOVPI QMI ZPKI ^PRLMKUI
QMVLRSI QMZI ^ZP`SI QMI LRMYVLPI QˆPKUI MVI MZI
NPKSIQMZIzKMTORPQSRUI]INYMVLSISN…MVLPI
MVI MZI QMZI zKMTORPQSUI NSX^OLPQSKI
PX[SKI QMKQMI ZPI WMN…PI QMI KOI
VSLYWYNPNY_VaI tYI VSI KMI YVLMR^OKYMKMI MVI
QYN…SKI ^ZP`SKI ZPI NSRRMK^SVQYMVLMI
PNNY_VUI MZI QYNLPXMVI ^MRYNYPZI QMuMVQR\I
YVPLPNP[ZMaI
£PQPI ^PRLMI KPLYKWPR\I ZSKI …SVSRPRYSKI QMI
KOI ^MRYLSI X—QYNSaI ™SKI QMZI LMRNMRSI ]I
QMX\KI TPKLSKI ˜OMI SNPKYSVMI ZPI
YVLMRuMVNY_VI ^MRYNYPZUI KMR\VI QMI NOMVLPI
]INPRTSI^SRIXYLPQIQMZIzKMTORPQSI]IQMZI
zKMTORPQSRaIÎSIS[KLPVLMUIKYINOPZ˜OYMRPI
QMI ZPKI ^PRLMKI …O[YMRPI …MN…SI VMNMKPRYPI
ZPI ^MRYLPNY_VI ^SRI …P[MRI XPVLMVYQSI OVI
I
'@F>ÁDÁ@FAHâAFA?=¿AH>A¿D@FC?=C@
./01/2345/
II
6789:;6
SIN
XP
TRPQSI QMI QM^MVQMVNYPI XPVYWYMKLPXMV¤
LMIQMK^RS^SRNYSVPQSUIKMR\IMZZPIZPIvVYN
LMIQMK^RS^SRNYSVPQSUIKMR\IMZZPIZPIvVYNPI
RMK^SVKP[ZMIQMIQYN…SKITPKLSKaI
VA
‹PRPI ZSKI KYVYMKLRSKI QMI ZPI NS[MRLORPI QMI
o»°“©”I r¯‘“‘¸“I µ¨©‘p”UI MZI xSXPQSRI
QMZI KMTORSI SI MZI zKMTORPQSI ^SQR\I
KSZYNYLPRIZPINSVWYRXPNY_VIQMZIQYPT
KSZYNYLPRIZPINSVWYRXPNY_VIQMZIQYPTV_KLY¤
NSUI NO\ZI MKI MZI LRPLPXYMVLSI X\KI
PQMNOPQSI
MNOPQSI ]I ZSKI NMVLRSKI PKYKLMVNYPZMKI ]I
MK^MNYPZYKLPKI X\KI ^RMKLYTYSKSKI ˜OMI ZSI
^RPNLYNPVI^SVY—VQSKMIMVINSVLPNLSINSVI
MZI ¶õôńłij­ijI nõI  ± ¶õ­Ħ±I ÊÌI
İijIJ ÉI
zI ZPI KSZYNYLOQI LMZMW_VYNPI …P[R\I ˜OMI
P^SRLPRI MZI YVWSRXMI QMZI ^RYXMRI
QYPTV_KLYNSI NSVI ZPKI M€^ZSRPNYSVMKI
RMPZY`PQPKUIPV\ZYKYKINZˆVYNSKI]INOPZ˜OYMRI
SLRPI QSNOXMVLPNY_VI ˜OMI YVQY˜OMI ˜OMI
MZI zKMTORPQSI ^PQMNMI OVPI MVWMRXMQPQI
TRPuMaI
RC
LO
JZI YVWSRXMI WPNYZYLPQSI ^SRI MZI zKMTORPQSI
QM[MI KMRI KOWYNYMVLMUI ^RMNYKSUI WYP[ZMUI
NSVNRMLSUI KYTVYWYNPLYuSI ]I u\ZYQSI MVI MZI
LYMX^SaI
ÏVPI uM`I MKLOQYPQSI MZI NPKSUI KMI MXYLYR\I
OVPI KMTOVQPI uPZSRPNY_VI PuPZPQPI ^SRI
NMVLRSKIQMIRMNSVSNYQSI^RMKLYTYSaI
ON
AL
TU
AC
TR
I
žĮ
II
!HÁHCAFDÁ=(ûüýþÿ
SIN
VA
ô I·IJõ õ­¶õ IĦij­n±Ħ±ij­õ Iįõ­õIJôõ I ŇôijI õIJĴ­I•Ĵô±n I ±I•­I
Ħij§·Ńn InõIô IĦij­n±Ħ±ij­õ I·IJ¶±ĦıôIJõ ÉI
I
ļMN…SI ^SRI QO^ZYNPQSI MVI ¬PQRYQUI MVI ZPI WMN…PI ˜OMI WYTORPI MVI ZPKI £SVQYNYSVMKI
‹PRLYNOZPRMKa
‹PRLYNOZPRMKaI
I
I
I
I
IJZIzKMTORPQSRII
IqśŜŝśŞşŠšśČČ
‰YRMNLSRI}MVMRPZI
I
ON
I
RC
LO
™MˆQSI]IPNM^LPQSÍII
SI]IPNM^LPQSÍI
I
J™Ix‡¬z‰‡ŠI‰J™ItJ}ϊ‡ĻztJ}ϊz‰‡I
‡¬z‰‡ŠI‰J™ItJ}ϊ‡ĻztJ}ϊz‰‡ I
AL
TU
AC
TR
,,
¾Į½úúúúúúúúúŁúú
žĹ
I
`abcdefgfd
h0+01,3+/i/++/j0,3+/
h0+01,3+/i/++/jk20
h0+01,3+/i/++/j+k20
h0+01,3+/lmnopq/j+/r,+3/
h0+01,3+/0+,ij
,1j/0
h0+01,3+/,s+/
`abtdgau
h0+01,3+/v/,+1/j+/
wx
0
v/2.+k20
v/2.,1/
`abyz`{|z{
}/03
1/0
~//.
j
h21
€-+
`abffyzud
‚
ƒ/j+k20
}
.2/j.‚
ƒ/j
~
2,+./.0+k20
}
.2/j.~
2,+./.0
‚
ƒ/j*„0+3
‚
ƒ/jk20
`abd…`ffudu
~
j3+
0†‡ˆ+3+,/0
k†0
w0
,0/x++./.~+-+‰,j/
hƒj/j+
0
`abfud
k/,s+./
}/Š+k/,s+./
}/Š+k/,s+./‡j
‹
j/h,2/w,
-/x
h33+.,10
‡1j
0vƒ2j
0.s+./
`abdŒ{||{
}+kj+jh
jj
}/Š+k/,Ž
-,
}/Š+k/,i212j
}/Š+k/,Ž2x+/3+€,
}/Š+k/,Ž2x+/3+€,‡j
}/Š+k/,k,0+€,‰/j/,1+/./
}/Š+k/,khv
}/Š+k/,,-j0+€,
}/Š+k/,h
jj
w,1/1+/
;<=>?@A@BC@DEBC?FCEA@@BDG@BC?FAEH@CIJEF=FK@LM9N5OP9Q
J@PJ@EDCGR?@QJ@SEBC?FCEJ@T@UG?E;
V@UIAC?EW@?DFBCI=J@WFJ?IJ87ON:M7XYZN:95:
[EHIDI=IETEDIF=\]=F^FJ@<A>F_FQ5MX:P99PWFJ?IJ
ef
5655575758999:95