3+$
SO
*UDWXOXMHP\]DNXSXXU]ąG]HQLD
¿UP\%RVFK
7RZ\VRNLHMMDNRĞFLXU]ąG]HQLH]DSHZQL
3DĔVWZX]DGRZROHQLH]MHJRXĪ\WNRZDQLD
7DLQVWUXNFMDXĪ\WNRZDQLDRSLVXMHVXV]DUNĊ
SURVWXMąFąZáRV\]QDVDGNDPL
(OHPHQW\REVáXJL
LDNFHVRULD
3U]HáąF]QLNWHPSHUDWXU\VWRSQLHL
FKáRGQHJRQDZLHZX
3
3U]\FLVNRGEORNRZDQLD
2NUąJáDV]F]RWND]]ąENDPLUyĪQHM
ZLHONRĞFL]QDWXUDOQHMV]F]HFLQ\F]ĊĞü
URERF]DV]F]RWNL±ODNLHURZDQDFHUDPLND
6]F]RWND]Z\VXZDQ\PL]ąENDPL
F]ĊĞüURERF]DV]F]RWNL±ODNLHURZDQD
FHUDPLND
=DFLVNNDEOD
=DVWRVRZDQLH
1LJG\QLHSU]\NU\ZDüQDZLHZXDQLRWZRUX
GRSURZDG]DMąFHJRSRZLHWU]H2WZyU
GRSURZDG]DMąF\SRZLHWU]HPXVLE\üZROQ\
RGNáDF]NyZLZáRVyZ:SU]\SDGNXSU]H
JU]DQLDQS]SRZRGXSU]\NU\FLDMHGQHJR
]RWZRUyZORNyZNRVXV]DUNDDXWRPDW\F]
QLHZ\áąF]DVLĊLZáąF]DSRQRZQLHSRNLONX
PLQXWDFK1DNáDGDüZV]\VWNLHDNFHVRULD
]JRGQLH]R]QDF]HQLHP
Ɣ
LEORNRZDü
REUDFDMąFGRR]QDF]HQLDź
:FHOXZ\PLDQ\DNFHVRULyZ
QDFLVQąüSU]\FLVNRGEORNRZD
QLD
LZ\MąüGDQ\HOHPHQW
REUDFDMąFJRZSU]HFLZQ\P
NLHUXQNX
6]F]RWNL
:\EUDüV]F]RWNĊRGSRZLHGQLąGRGáXJRĞFL
ZáRVyZLĪąGDQHMIU\]XU\
1DZLQąüQDV]F]RWNĊFLHQNLHZLOJRWQH
SDVPRZáRVyZ]DF]\QDMąFRGNRĔFyZ
8VWDZLüSU]HáąF]QLNQDVWRSLHĔ
ÄFDUH´OXE
p
LRVXV]\üSDVPD
ZáRVyZ
ÄFDUH´±QDZLHZáDJRGQ\
FLHSá\áDJRG]ąFHXNáDGDQLHGOD
FLHQNLFKZáRVyZ
p
±QDZLHZPRFQ\JRUąF\
V]\ENLHXNáDGDQLHGODJUXE\FK
ZáRVyZ
:áąF]\üFKáRGQ\QDZLHZ
3
DE\XWUZDOLüLXIRUPRZDüORN
6]F]RWND
PDZ\VXZDQH
]ąENL=ZLĊNV]DWRVSUĊĪ\VWRĞü
ORNyZLXáDWZLDZ\VXZDQLH
V]F]RWNL]ZáRVyZ
:VND]yZND
$E\IU\]XUDWU]\PDáDVLĊ
GáXĪHM]UR]F]HVDQLHPZáRVyZQDOHĪ\
]DF]HNDüDĪFDáNRZLFLHZ\VW\JQą
:LĊFHMLQIRUPDFMLQDWHPDWVW\OL]DFMLZáR
VyZSU]\XĪ\FLXXU]ąG]HQLD¿UP\%RVFK
PRĪQD]QDOHĨüZZLWU\QLH
ZZZERVFKSHUVRQDOVW\OHFRP
3U]HFKRZ\ZDQLH
3U]HGVFKRZDQLHP]DF]HNDü
DĪXU]ąG]HQLHZ\VW\JQLHLRGáą
F]\üZW\F]NĊNDEODRGJQLD]GD
HOHNWU\F]QHJR
=HVWDZLüSU]HZyGVLHFLRZ\]
]DFLVNLHPNDEOD