-CRKVGN
2TQDNGO!(KPFGPNUPKPI
2TQDNGOGTOGF9K(KMQOOWPKMCVKQP
*XKUFGTQRUVmTRTQDNGOGTOGF9K(K VTmFNUMQOOWPKMCVKQP
Â
5TIHQTCVFGPEQORWVGTGNNGTFGVPGVXTMFWXKNQRTGVVGHQTDKPFGNUGVKNHWPIGTGTQI
GTWFUV[TGVOGFGPGPJGFFGTIKXGTCFICPIXKCVTmFNUMQOOWPKMCVKQP
Â
5TIHQTCVUQHVYCTGPGTMQP°IWTGTGVKJGPJQNFVKNFGKPUVTWMVKQPGTFGTHWNIVGOGF
DCUGPGNNGTCFICPIURWPMVGV
Â
5TIHQTCVFGPCPFGPEQORWVGTGNNGTCFICPIUOQFWNGVVKNPGVXTMGVGTKPFGP
HQTTMMGXKFFG'NGMVTQPKUMWFUV[TQIOGVCNIGPUVCPFGMCPHQTUV[TTGFGP
VTmFNUGMQOOWPKMCVKQPUmTMMGXKFFGPPGFUVVGU&WMCPOmUMGHQTDGFTG
OQFVCIGMXCNKVGVGPXGFCVFTGLGGNNGT±[VVGEQORWVGTGP
Â
-QPVTQNNGTU[ODQNGVHQT9K(KUVCVWU
ZRmOGPWNKPLGP5KIPCNUV[TMGPXKUGUOGFQR
VKN°TGUVTGIGT*XKUUKIPCNUV[TMGPGTUXCIMCPFWRTXGCV±[VVGFKI
Â
(KPFJLNRXGFCVXNIG*LNR *LNREGPVGTQIUIGGHVGT¥YK°¦&WMCPQIUm°PFG
±GTGQRN[UPKPIGTKFGPFQMWOGPVCVKQPFGTHWNIVGOGFFGPVTmFNUGGPJGF
*QNFGUQHVYCTGCLQWT
&WMCPQRTGVVGHQTDKPFGNUGVKNKPVGTPGVVGVQICWVQOCVKUMJGPVGQIKPUVCNNGTGFGP[GUVG
ITCVKUUQHVYCTGXGTUKQPGTQICPFTGHQTDGFTKPIGTHTC#RRNG
0mTFWJCTQRTGVVGVHQTDKPFGNUGVKNKPVGTPGVVGVUIGT5QHVYCTGQRFCVGTKPIGHVGT
QRFCVGTKPIGT&WMCPXNIGCV/CE$QQM#KTUMCNUIGGHVGTQRFCVGTKPIGTOGF
DGUVGOVGKPVGTXCNNGTQIFGTGHVGTMCPFWJGPVGQIKPUVCNNGTGUQHVYCTGQRFCVGTKPIGT
-CRKVGN
2TQDNGO!(KPFGPNUPKPI
5GGHVGTQRFCVGTGVUQHVYCTG
8NI#RRNG Ñ 5[UVGOKPFUVKNNKPIGT
-NKMRmU[ODQNGVHQT5QHVYCTGQRFCVGTKPIQIHNIKPUVTWMVKQPGTPGRmUMTOGP
Â
&WMCPHm±GTGQRN[UPKPIGTJXKUFWUIGTGHVGT¥5QHVYCTGQRFCVGTKPI¦K*LNREGPVGT
Â
&WMCPHmFGP[GUVGQRN[UPKPIGTQO/CE15:RmCFTGUUGP
YYYCRRNGEQOFMOCEQUZ
&WHmTQIUmOGFFGNGNUGTHTC/CE#RR5VQTGPmTFGTMQOOGTQRFCVGTKPIGTVKN
RTQITCOOGT'VNKNNGVCNXKUGTCPVCNNGVCHQRFCVGTKPIGTKJLTGUKFGCHU[ODQNGVHQT
#RR5VQTG&WMCPQRFCVGTGGVGNNGT±GTGRTQITCOOGTCFICPIGP
;FGTNKIGTGQRN[UPKPIGTUGTXKEGQIUWRRQTV
/CE$QQM#KTJCTKPIGPFGNGFGTMCPWFUMKHVGUGNNGTTGRCTGTGUCHDTWIGTGP
*XKU/CE$QQM#KTUMCNVKNUGTXKEGUMCNFWKPFNGXGTGFGPJQUGP#RRNG#WVJQTK\GF5GTXKEG
2TQXKFGT&WMCP°PFG±GTGQRN[UPKPIGTQO/CE$QQM#KTRmKPVGTPGVVGVKJLNRGP
RmUMTOGP1RN[UPKPIGTQOU[UVGOQIK#RRNG*CTFYCTG6GUV
-KNFGTRmKPVGTPGVVGV
&WMCPHmQRN[UPKPIGTQOUGTXKEGQIUWRRQTVXGFCVImVKNYYYCRRNGEQOUWRRQTVQI
XNIGFKVNCPFRmNQMCNOGPWGP&WMCPUIGK#RRNG%CTG-PQYNGFIG$CUGUIGGHVGT
UQHVYCTGQRFCVGTKPIGTGNNGTHmJLNRHTC#RRNGUFKUMWUUKQPUHQTC