'(876&+
0LFURLURPDWLFIRU6XSHUFKLOOHUFRGUHY
.21',17(*5$/
,QWHJUDODQWHLO IU GLH 9HQWLODWRUHQ5HJHOXQJ 'LH ,QWHJUDOUHJHOXQJ LVW QXU LP 'RSSHOEHWULHE ';)& DNWLY 6WG
(LQVWHOOXQJGUIWHIUGLHPHLVWHQ$QZHQGXQJHQJXWH5HVXOWDWHEULQJHQ
.21'62//:(57
'HUQRUPDOH6ROOZHUWGUXFNZlKUHQG.RPSUHVVRUEHWULHERKQH)&6LHKHDXFK0,1.21''58&.HLQ0HQK|KHU
$OOH'UXFNVROOZHUWHlQGHUQVLFKDXWRPDWLVFKVREDOGLP*(5b7(&2'(GLH7\SHGHV.lOWHPLWWHOVHLQJHJHEHQZXUGH
.21'67(8(581**(5b7
'HU GDUJHVWHOOWH :HUW LVW GDV DNWXHOOH 6LJQDO IU GLH 9HQWLODWRUHQ (V NDQQ MH QDFK *HUlWHDXVIKUXQJ GLUHNW ]XU
'UHK]DKOUHJHOXQJRGHU]XU6WXIHQELOGXQJLP0LFURIDFHRGHUGHU]XVlW]OLFKHQHO.DUWHYHUZHQGHWZHUGHQ
.5(,6*(5b7
6HPLKHUPHWLF.RPSUHVVRUHQ:HUW.RPSUHVVRU:HUW=\OLQGHUDEKHEXQJ9ROOKHUPHWLFRGHU6FUROO-HGH$Q]HLJH
HQWVSULFKWHLQHP.RPSUHVVRU:HUWLVWQLFKWEHQXW]WLQ*HUlWHQPLW.R
0,10$;.21'6,1*1$/
1XUEHLDQDORJHU'UHK]DKOUHJHOXQJ0LWGLHVHQ*UHQ]ZHUWHQNDQQHLQHXQWHUHVRZLHHLQHREHUH'UHK]DKOHLQJHVWHOOW
ZHUGHQ'LHREHUH'UHK]DKOZLURFKGUXFNZDUQXQJEHUIDKUHQ
0,1.21''58&.
'HU.RQGHQVDWRU'UXFNVROOZHUWZlKUHQG)&XQG.RPSUHVVRUEHWULHE0|JOLFKVWWLHIH.RQGHQVDWLRQ KRKH'UHK]DKO
KRKH)&/HLVWXQJ$FKWXQJ:HUWQLFKWWLHIHUHLQVWHOOHQDOVEDU55$5&
1'9(5=g*(581*
'LH1LHGHUGUXFNYHU]|JHUXQJLVWQXUQDFK.RPSUHVVRUVWDUWDNWLYGLH0HOGXQJYRP1LHGHUGUXFNVFKDOWHUZLUGIUGLH
HLQJHVWHOOWH=HLWLJQRULHUW1DFK$EODXIGHU6WDUW]HLWEHWUlJWGLH9HU]|JHUXQJXPNOHLQH6FKZDQNXQJHQ]XJOlWWHQFD
V
3803(1h%(5/$3381*
QXU EHL 'RSSHOSXPSHQ%HL 3XPSHQZHFKVHO EOHLEW GLH ODXIHQGH 3XPSH XP GLHVH =HLW OlQJHU LQ %HWULHE XP HLQH
hEHUODSSXQJPLWGHUQHXJHVWDUWHWHQ3XPSH]XHUUHLFKHQ(LQVWHOOXQJHQWVSUHFKHQGGHP:DVVHUQHW]
527$7,216)5(48(1=
:HQQ GLH 6WDQGE\ )XQNWLRQ URWLHUHQ VROO VR NDQQ GLH )UHTXHQ] KLHU HLQJHJHEHQ ZHUGHQ WlJOLFK RGHU Z|FKHQWOLFKH
5RWDWLRQ
6(59,&(
0DQXHOOH 6FKDOWXQJHQ QXU QDFK (LQVFKDOWXQJ GHU HLQHU 3XPSH 'LH .RQGHQVDWRUYHQWLODWRUHQ N|QQHQ PDQXHOO
0$1RGHU DXWRPDWLVFK $872 JHVWHXHUW ZHUGHQ ,Q $XWR IROJHQ VLH GHP DNWXHOOHQ 'UXFNVROOZHUW DXFK EHL
.RPSUHVVRU0$1
6(59,&(
0DQXHOOEHWULHE QXU P|JOLFK ZHQQ GLH .RQGHQVDWRUUHJHOXQJ DXI 0$1 VWHKW XQG GLH 6WXIHQVFKDOWXQJ EHU GDV
0LFURIDFHJHVWHXHUWZLUG$OOH6WXIHQN|QQHQGDQQLQGLYLGXHOOJHVWDUWHWRGHUJHVWRSSWZHUGHQ
6(59,&(
0DQXHOOEHWULHEQXUEHL'UHK]DKOUHJHOXQJRGHU]XV(O.DUWH'LH$XVJlQJHN|QQHQDQDORJJHVHW]WZHUGHQ
6(59,&(
'LJLWDO,QSXW6WDWXV2)) .RPSRQHQWHQLFKWLQ%HWULHE2. .HLQ$ODUP:$ :DUQXQJ7,0( 9HU]|JHUXQJV]HLW
OlXIW
6(783
,QGLHVHP)HQVWHUNDQQGLH6SULURPDWLF'DV'DWXPXQGGLH8KU]HLWHLQJHVWHOOLQZHLV'DWXPXQG
=HLWNDQQRKQH3DZRUWJHlQGHUWZHUGHQ
62/(62//:(57
:LUGYRP8VHU,QSXWDN,1:(,6'HU6ROH6ROOZHUWGDUIQXUGDQQDNWLYLHUWZHUGHQZHQQGDV*HUlWIUGLHVH
%HWULHEVDUWDXVJHOHJWLVW(LQ6WG*HUlWLP6ROH%HWULHE]XIDKUHQIKUW]XU=HUVW|UXQJGHV*HUlWHV
63%(,$7817(5
$NWLYLHUWGLH$XHQWHPSHUDWXUVFKLHEXQJ,VWGLH$7QLHGULJHUDOVGHUHLQJHVWHOOWH:HUWVRLVW63GHUDNWXHOOH6ROOZHUW
,VWGLH$7K|KHUVRZLUGGHU6ROOZHUWNRQWLQXLHUOLFK]X63JHIDKUHQVLHKHDXFK63%(,$7h%(5
63%(,$7h%(5
,VWGLH$7K|KHUDOVGHUHLQJHVWHOOWH:HUWVRLVW63GHUDNWXHOOH6ROOZHUW,VWGLH$7QLHGULJHUVRZLUGGHU6ROOZHUW
NRQWLQXLHUOLFK]X63JHIDKUHQVLHKHDXFK63%(,$7817(5
67$1'$5':(57(
'LHVHV3DUDPXMHGHVPDODXI-$HLQJHVWHOOWZHUGHQZHQQGHU*HUlWHFRGHJHlQGHUWRGHUGHU(SURPJHWDXVFKWZXUGH
'DQDFKGLH(LQVWHOOXQJVSULQJW]XUFNDXI1(,1PVVHQDOOH3DUDPHWHUQDFKNRQWUROOLHUWZHUGHQ
67$5767$1'%<62//
:HQQGLH$XVWULWWVWHPSHUDWXU0LQXWHQODQJXPGHQKLHUHLQJHVWHOOWHQ:HUWK|KHULVWDOVGHU6ROOZHUWVRZLUGHLQ
6WDQGE\*HUlW]XJHVFKDOWHWXQGDUEHLWHWPLQGHVWHQV6WXQGH
7($0:25.
6RIHUQ GLH *HUlWH DXI HLQ :DVVHUV\VWHP DUEHLWHQ NDQQ 7HDPZRUN DNWLYLHUW ZHUGHQ 'LH PHLVWHQ 3DUDPHWHU JHOWHQ
JOHLFK]HLWLJ IU DOOH *HUlWH XQG PVVHQ QXU HLQPDO HLQJHJHEHQ ZHUGHQ 'LH *HUlWH RSWLPLHUHQ GLH 5HJHOXQJ
XQWHUHLQDQGHU