832=25(1-(
1HPRMWHRãWHWLWLNDEORYHNDGDVNODSDWHLOLRWYDUDWHUXþNX
3267$9/ȳ$1-(*251-(58ý.(
6OLND
8VNODGLWHRWYRUHXJRUQMRMLGRQMRMUXþNL
3URYXFLWH]DYUWQMHNUR]RWYRUH
3ULþYUVWLWHGXJPDGQD]DYUWQMH
,]YHGLWHLVWXUDGQMXQDGUXJRMVWUDQL
3267$9/ȳ$1-(3268'(=$
75$98
6OLND
8NORQLWHXPHWDN]DPDOþ
8NORQLWHXVPHULYDþ]DERþQRL]EDFLYDQMH
2WYRULWHYUDWD]DGQMHJL]EDFLYDQMDLGUåLWHLK
'UåLWHSRVXGX]DWUDYX]DQMHQXUXþNXLSRVWDYLWHNXNLFH
QDãLSNXYUDWD
=DWYRULWHYUDWD]D]DGQMHL]EDFLYDQMH
3267$9/ȳ$1-(80(7.$=$
0$/ý
6OLND
6NLQLWHSRVXGX]DWUDYX
2WYRULWHYUDWD]DGQMHJL]EDFLYDQMDLGUåLWHLK
'UåLWHXPHWDN]DPDOþ]DQMHJRYXUXþNXLSRVWDYLWHJDX
XVPHULYDþ]DL]EDFLYDQMH
=DWYRULWHYUDWD]D]DGQMHL]EDFLYDQMH
3267$9/ȳ$1-(860(5,9$ý$=$
%2ý12,=%$&,9$1-(
6OLND
832=25(1-(
.DGDNRULVWLWHXVPHULYDþ]DERþQRL]EDFLYDQMH
1HPRMWHSRVWDYLWLSRVXGX]DWUDYX
=DGUåLWHSRVWDYOʁHQLXPHWDN]DPDOþ
2WYRULWHYUDWDERþQRJL]EDFLYDQMDLGUåLWHJD
3RUDYQDMWHXGXEOʁHQMDXVPHULYDþD]DERþQRL]EDFLYDQMH
LVSRGREUWQHWDþNH
=DWYRULWHYUDWDERþQRJL]EDFLYDQMD
32'(â$9$1-(9,6,1(12ä$
0DãLQDVHPRåHSRGHVLWLQDUD]OLþLWHYLVLQHQRåD
6OLND
3RYXFLWHUXþLFX]DSRGHãDYDQMHYLVLQHSUHPDQD]DGGD
ELVWHSRYHüDOLYLVLQXQRåD
3RYXFLWHUXþLFX]DSRGHãDYDQMHYLVLQHSUHPDQDSUHGGD
ELVWHVPDQMLOLYLVLQXQRåD
3267$9/-$1-(%$7(5,-6.2*
3$.29$1-$
6OLND
832=25(1-(
$NRVXEDWHULMVNRSDNRYDQMHLOLSXQMDþRãWHüHQL
]DPHQLWHLK
,VNOMXþLWHPDãLQXLVDþHNDMWHGRNVHPRWRUQH]DXVWDYL
SUHQHJRãWRSRVWDYLWHLOLXNORQLWHEDWHULMVNRSDNRYDQMH
3URþLWDMWH]DSDPWLWHLSRãWXMWHXSXWVWYDXSULUXþQLNX]D
EDWHULMXLSXQMDþ
1$320(1$
0DãLQDSRVHGXMHIXQNFLMXDXWRPDWVNRJSUHEDFLYDQMDNRMD
RPRJXüXMHGUXJXUDGQMXQDEDWHULMVNLSRJRQNDGDSUYDQH
PRåHGDVHRVWYDUL
2WYRULWHSRNORSDFRGHOʁND]DEDWHULMX
3RUDYQDMWHUHEUDQDEDWHULMVNRPSDNRYDQMXVDåOMHERYLPD
XRGHOMNXEDWHULMH
*XUQLWHEDWHULMVNRSDNRYDQMHXRGHOMDNEDWHULMHVYHGRNVH
EDWHULMVNRSDNRYDQMHQH]DEUDYLQDPHVWR
.DGDþXMHWHNOLNWDQMHEDWHULMVNRSDNRYDQMHMH
SRVWDYOMHQR
=DWYRULWHRGHOʁDN]DEDWHULMX
1$320(1$
0RWRUVHSRNUHüHVDPRNDGDVWDYLWHVLJXUQRVQLNOʁXþ
8./$1-$1-(%$7(5,-6.2*
3$.29$1-$
6OLND
,]YDGLWHVLJXUQRVQLNOʁXþ
2WYRULWHSRNORSDFRGHOʁND]DEDWHULMX
3ULWLVQLWHLGUåLWHGXJPH]DRWSXãWDQMHEDWHULMH
8NORQLWHEDWHULMVNRSDNRYDQMHL]PDãLQH
)81.&,-(.26,/,&(
1$320(1$
*HQHUDOQRNRVLOLFDSRVHGXMHIXQNFLMH]DGQMHSDNRYDQMH
PDOþLUDQMHERþQRL]EDFLYDQMH2YHIXQNFLMHVHPHQMDMX
SURPHQRPGRGDWDND=DGHWDOʁQDSRGHãDYDQMDSRJOHGDMWH
VOHGHüXWDEHOX
,PDMWHQDXPXGDIXQNFLMHLVSRGYDULUDMXX]DYLVQRVWLRG
PRGHOD
6USVNL3UHYRGRULJLQDOQRJXSXWVWYD
65