,VNOʁXþLWHPDãLQXXNORQLWH
SUHNLGQLXUHÿDMLEDWHULMVNR
SDNRYDQMH9RGLWHUDþXQDGDVH
VYLSRNUHWQLGHORYLSRWSXQR
]DXVWDYH
NDGJRGQDSXVWLWHPDãLQX
SUHþLãüHQMD]DþHSOʁHQMDLOL
RVOREDÿDQMDNDQDOD
SUHSURYHUHþLãüHQMDLOLUDGD
QDPDãLQL
QDNRQXGDUDXVWUDQRWHOR
,VSLWDMWHRãWHüHQMDQDPDãLQL
LVSURYHGLWHSRSUDYNHSUH
SRQRYQRJXNOʁXþHQMDLUDGD
VDPDãLQRP
DNRPDãLQDSRþQH
DEQRUPDOQRGDYLEULUD
RGPDKMHSURYHULWH
LVSLWDMWHRãWHüHQMH
]DPHQLWHLOLSRSUDYLWHVYH
RãWHüHQHGHORYH
SURYHULWHLGRWHJQLWHODEDYH
GHORYH
2'5ä$9$1-(
2GUåDYDMWH]DWHJQXWRVWVYLK
QDYUWNLL]DYUWQMHYDNDNRELVWH
RVLJXUDOLGDPDãLQDEXGHX
EH]EHGQRPUDGQRPVWDQMX
3RYUHPHQRSURYHULWH
LVWURãHQRVWLSURSDGDQMH
VDNXSOʁDþDWUDYH
%XGLWHRSUH]QLWRNRP
SRGHãDYDQMDPDãLQHNDNRELVWH
VSUHþLOL]DKYDWDQMHSUVWLMX
L]PHÿXSRNUHWQLKQRåHYDL
ILNVLUDQLKGHORYDPDãLQH
8YHNGRSXVWLWHPDãLQLGDVH
RKODGLSUHVNODGLãWHQMD
.DGDYUãLWHVHUYLVLUDQMH
QRåHYDLPDMWHQDXPXGDLDNR
MHL]YRUQDSDMDQMDLVNOʁXþHQ
QRåHYLVHLGDOʁHPRJXNUHWDWL
5DGLEH]EHGQRVWL]DPHQLWH
LVWURãHQHLOLRãWHüHQHGHORYH
.RULVWLWHLVNOʁXþLYRRULJLQDOQH
]DPHQVNHGHORYHLGRGDWNH
6,0%2/
1DRYRPSURL]YRGLPRåGDüHELWLXSRWUHEOʁHQLVOHGHüL
VLPEROL3URXþLWHLKLQDXþLWHQMLKRYR]QDþHQMH3UDYLOQR
WXPDþHQMHRYLKVLPERODüHYDPRPRJXüLWLGDYUãLWHUDG
SURL]YRGRPEROʁHLEH]EHGQLMH
6LPERO
2EMDãQMHQMH
3URþLWDMWHXSXWVWYR]DUXNRYDRFD
3UROD]QLNHGUåLWHSRGDOʁH
1HPRMWHGDL]ODåHWHPDãLQXNLãLLOL
YODåQLPXVORYLPD
6USVNL
65