
'HFODUDWLRQRI&RQIRUPLW\
(1
2YHUHQVWHPPHOVHVHUNO ULQJ
12
Ⱦɟɤɥɚɪɚɰɢɹɋɨɨɬɜɟɬɫɬɜɢɹ
58
.RQIRUPLWlWVHUNOlUXQJ
'(
.RQIRUPLWHWVHUNO ULQJ
'.
Ⱦɟɤɥɚɪɚɰɢɹɡɚɋɴɨɬɜɟɬɫɬɜɢɟ
%*
'pFODUDWLRQGH&RQIRUPLWp
)5
)|UVlNUDQRPgYHUHQVVWlPPHOVH
6(
3URKOiãHQtR6KRGČ
&=
'LFKLDUD]LRQHGL&RQIRUPLWj
,7
9DDWLPXVWHQPXNDLVXXVYDNXXWXV
),
<ILUOêVLQJXP6DPU PL
,6
'HFODUDFLyQGH&RQIRUPLGDG
(6
9DVWDYXVGHNODUDWVLRRQ
((
$WLWLNWLHV'HNODUDFLMą
/7
'HODUDomRGH&RQIRUPLGDGH
37
'HNODUDFMD=JRGQRĞFL
3/
$WELOVWƯEDV'HNODUƗFLMD
/9
ǻȒȜȦıȘȈȣȝȝȩȡijȦıȘȢ
*5
0HJIHOHOÕVHJL1OD\GLOQDWRNVRW]LDW
+8
'HFODUDWLHGH&RQIRUPLWDWH
52
8\JXQOXN%H\DQÕ
75
,]MDYDR6XNODGQRVWL
+5
9\KOiVHQLHR=KRGH
6.
9HUNODULQJYDQ2YHUHHQVWHPPLQJ
1/
,]MDYDR8VDJODãHQRVWL
56
,]MDYDR6NODGQRVWL
6,
7VXUXPL(XURSH*PE+:DKOHUVWU''VVHOGRUI
7HO )D[ (PDLOVDOHV#WVXUXPLHX ZZZWVXUXPLHX
(1
1DPHDQGDGGUHVVRIWKHDXWKRUL]HGUHSUHVHQWDWLYHIRUWKHFRPSOHWLRQRIWKHWHFKQLFDOGRFXPHQWDWLRQWRWKHDXWKRULWLHVRQUHTXHVW
'(
1DPHXQG$GUHVVHGHU3HUVRQGLHEHUHFKWLJWLVWGLHWHFKQLVFKHQ'RNXPHQWHGHQ%HK|UGHQDXI$QIUDJH]XVDPPHQ]XVWHOOHQ
)5
1RPHWDGUHVVHGXUHSUpVHQWDQWDJUppSRXUOpWDEOLVVHPHQWGHODGRFXPHQWDWLRQWHFKQLTXHDXSUqVGHVDXWRULWpVVXUGHPDQGH
,7
1RPHHLQGLUL]]RGHOUDSSUHVHQWDQWHDXWRUL]]DWRSHULOFRPSOHWDPHQWRGHOODGRFXPHQWD]LRQHWHFQLFDDOOHDXWRULWjVXULFKLHVWD
(6
1RPEUH\GLUHFFLyQGHOUHSUHVHQWDQWHDXWRUL]DGRSDUDSUHSDUDUODGRFXPHQWDFLyQWpFQLFDDSHWLFLyQGHODVDXWRULGDGHV
37
1RPHHPRUDGDGRUHSUHVHQWDQWHDXWRUL]DGRSDUDDFRQFOXVmRGDGRFXPHQWDomRWpFQLFDSHUDQWHDVDXWRULGDGHVVRESHGLGR
*5
ǵȞȠȝĮțĮȚįȚİȪșȣȞıȘİȟȠȣıȚȠįȠIJȘȝȑȞȠȣĮȞIJȚʌȡȠıȫʌȠȣȖȚĮIJȘıȣȝʌȜȒȡȦıȘIJȦȞIJİȤȞȚțȫȞİȖȖȡȐijȦȞʌȡȠȢIJȚȢĮȡȤȑȢțĮIJȩʌȚȞĮȚIJȒıİȦȢ
75
7DOHS]HULQHWHNQLNEHOJHOHULQLGDUHOHULoLQGROGXUXOPDVÕDPDFÕ\OD\HWNLOLWHPVLOFLQLQDGÕYHDGUHVL
1/
1DDPHQDGUHVYDQGHJHPDFKWLJGHYHUWHJHQZRRUGLJHUWHJHQRYHUGHDXWRULWHLWHQYRRUGHYROWRRLLQJYDQGHWHFKQLVFKHGRFXPHQWDWLHRSYHU]RHN
12
1DYQRJDGUHVVHIRUGHQDXWRULVHUWHUHSUHVHQWDQWHQIRUIXOOI¡ULQJDYGHQWHNQLVNHGRNXPHQWDVMRQHQWLOP\QGLJKHWHQHSnI¡UHVS¡UVHO
'.
1DYQRJDGUHVVHSnGHQEHIXOGP JWLJHGHUHSU VHQWDQWVRPSnDQPRGQLQJXGDUEHMGHUGHQWHNQLVNHGRNXPHQWDWLRQWLOP\QGLJKHGHUQH
6(
1DPQRFKDGUHVVWLOOGHQEHK|ULJHUHSUHVHQWDQWHQI|ULI\OODQGHDYGHQWHNQLVNDGRNXPHQWDWLRQHQWLOOP\QGLJKHWHUQDSnEHJlUDQ
),
9DOWXXWHWXQHGXVWDMDQQLPLMDRVRLWHNRVNLHQYLUDQRPDLVLOOHWDUNRLWHWXQWHNQLVHQGRNXPHQWDDWLRQYDOPLVWDPLVWD
((
$PHWLDVXWXVHQ}XGHOWHKQLOLVHGRNXPHQWDWVLRRQLWlLWQXGYROLWDWXGLVLNXQLPLMDDDGUHVV
3/
1D]ZDLDGUHVXSRZDĪQLRQHJRSU]HGVWDZLFLHODRGSRZLHG]LDOQHJR]DZ\SHáQLDQLHGRNXPHQWDFMLWHFKQLF]QHMGODRUJDQyZQDZQLRVHN
+8
$PHJKDWDOPD]RWWNpSYLVHOĘQHYHpVFtPHDNLNpUpVUH|VV]HiOOtWMDDPĦV]DNLGRNXPHQWiFLyWDKDWyViJRNUpV]pUH
+5
1D]LYLDGUHVDRYODãWHQRJSUHGVWDYQLND]DGRYUãHQMHWHKQLþNHGRNXPHQWDFLMHQDGOHåQLPWLMHOLPDQD]DKWMHY
56
,PHLDGUHVDRYODãüHQRJSUHGVWDYQLND]DNRPSOHWLUDQMHWHKQLþNHGRNXPHQWDFLMHYODVWLPDQD]DKWHY
58
ɇɚɡɜɚɧɢɟɢɚɞɪɟɫɭɩɨɥɧɨɦɨɱɟɧɧɨɝɨɩɪɟɞɫɬɚɜɢɬɟɥɹɞɥɹɨɮɨɪɦɥɟɧɢɹɬɟɯɧɢɱɟɫɤɨɣɞɨɤɭɦɟɧɬɚɰɢɢɩɨɬɪɟɛɨɜɚɧɢɸɨɪɝɚɧɨɜ
%*
ɂɦɟɢɚɞɪɟɫɧɚɭɩɴɥɧɨɦɨɳɟɧɢɹɩɪɟɞɫɬɚɜɢɬɟɥɡɚɩɨɩɴɥɜɚɧɟɧɚɬɟɯɧɢɱɟɫɤɚɬɚɞɨɤɭɦɟɧɬɚɰɢɹɩɪɢɩɨɢɫɤɜɚɧɟɨɬɤɨɦɩɟɬɟɧɬɧɢɹɨɪɝɚɧ
&=
-PpQRDDGUHVDRSUiYQČQpKR]iVWXSFHSURVHVWDYHQtWHFKQLFNpGRNXPHQWDFHSURRUJiQ\QDSRåiGiQt
,6
1DIQRJKHLPLOLVIDQJYRWWDèVDèLODVHPVpUXPDèOM~NDYLèW NQLOHJVNM|OVDPNY PWEHLèQL\ILUYDOGD
/7
ƲJDOLRWRDWVWRYRNXULVSDJDOXåNODXVąVXGDU\VWHFKQLQĊGRNXPHQWDFLMąYDOGåLRVLQVWLWXFLMRPVYDUGDVSDYDUGơLUDGUHVDV
/9
3LOQYDURWƗSƗUVWƗYMDYƗUGVXQX]YƗUGVDGUHVHNDVSƝFSLHSUDVƯMXPDDL]SLOGDWHKQLVNRGRNXPHQWƗFLMXLHVWƗGƝP
52
1XPHOH܈LDGUHVDUHSUH]HQWDQWXOXLDXWRUL]DWSHQWUXSUHSDUDUHDGRFXPHQWD܊LHLWHKQLFHODFHUHUHDDXWRULWă܊LORU
6.
0HQRDDGUHVDDXWRUL]RYDQpKR]iVWXSFXQD~þHO\Y\SOQHQLDWHFKQLFNHMGRNXPHQWiFLHSUHSUtVOXãQp~UDG\QDåLDGRVĢ
6,
,PHLQQDVORYSRREODãþHQHJDSUHGVWDYQLND]DL]GHODYRWHKQLþQHGRNXPHQWDFLMHRUJDQRPQD]DKWHYR
'DQLHO:HLSSHUW0DQDJLQJ'LUHFWRU7VXUXPL(XURSH*PE+:DKOHUVWUDH'VVHOGRUI*HUPDQ\
(1
:H7VXUXPL0IJ&R/WGGHFODUHWKDWWKHSURGXFWW\SHRIWKHVHULHVXQGHULQLWVGHOLYHUHGVWDWHFRPSOLHVWRDOOIROORZLQJUHOHYDQWSURYLVLRQVXQGHU
'(
:LUGDV8QWHUQHKPHQ7VXUXPL0IJ&R/WGHUNOlUHQKLHUPLWGDGHU3URGXNWW\SGHU6HULHLQVHLQHP$XVOLHIHUXQJV]XVWDQGDOOHQUHOHYDQWHQ9RUVFKULIWHQXQWHUHQWVSULFKW
)5
1RXV7VXUXPL0IJ&R/WGGpFODURQVTXHOHW\SHGHSURGXLWGHODVpULHVRXVGDQVVRQpWDWGHOLYUDLVRQHVWFRQIRUPHjWRXWHVOHVGLVSRVLWLRQVSHUWLQHQWHVVXLYDQWHVVRXV
,7
/D7VXUXPL0IJ&R/WGGLFKLDUDFKHLOWLSRGLSURGRWWRGHOODVHULHSDUDJUDIRQHOVXRVWDWRGLFRQVHJQDqFRQIRUPHDWXWWHOHVHJXHQWLGLVSRVL]LRQLSHUWLQHQWLDLVHQVL
(6
1RVRWURV7VXUXPL0IJ&R/WGGHFODUDPRVTXHHOWLSRGHSURGXFWRGHODVHULHLQGLFDGDDOSXQWRHQHOHVWDGRHQHOTXHKDVLGRVXPLQLVWUDGRFXPSOHFRQWRGDVODVVLJXLHQWHVGLVSRVLFLRQHVUHOHYDQWHVLQGLFDGDV
37
1yV7VXUXPL0IJ&R/WGGHFODUDPRVTXHRWLSRGHSURGXWRGDVpULHHPQRHVWDGRGHHQWUHJDFXPSUHFRPWRGDVDVSURYLV}HVUHOHYDQWHVHP
*5
ǼȝİȓȢȘİIJĮȚȡİȓĮ7VXUXPL0IJ&R/WGįȘȜȫȞȠȣȝİȩIJȚȠIJȪʌȠȢʌȡȠȧȩȞIJȠȢIJȘȢıİȚȡȐȢıȪȝijȦȞĮȝİIJȠıIJȠȚȤİȓȠʌĮȡĮįȓįİIJĮȚıİțĮIJȐıIJĮıȘʌȠȣʌȜȘȡȠȓȩȜİȢIJȚȢĮțȩȜȠȣșİȢıȤİIJȚțȑȢįȚĮIJȐȟİȚȢıȪȝijȦȞĮȝİIJȠıIJȠȚȤİȓȠ
75
7VXUXPL0IJ&R/WGRODUDNEL]OHUNDSVDPÕQGD\HUDODQVHULGHNLUQWLSLQLQWHVOLPHGLOGL÷LKDOGHLoLQGHDúD÷ÕGDNLLOJLOLWPKNPOHUHX\JXQROGX÷XQXEH\DQHGHUL]
1/
:LM7VXUXPL0IJ&R/WGYHUNODUHQGDWKHWSURGXFWW\SHYDQGHVHULHRQGHULQGHJHOHYHUGHVWDDWYROGRHWDDQDOOHYROJHQGHUHOHYDQWHEHSDOLQJHQRQGHU
12
9L7VXUXPL0IJ&R/WGHUNO UHUDWVHULHQVSURGXNWW\SHXQGHULOHYHUWWLOVWDQGRYHUKROGHUDOOHI¡OJHQGHUHOHYDQWHIRUVNULIWHWXQGHU
'.
9L7VXUXPL0IJ&R/WGHUNO UHUDWGHQSnJ OGHQGHW\SHLVHULHQLRSI\OGHUDOOHI¡OJHQGHUHOHYDQWHEHVWHPPHOVHULLGHWODQGGHQOHYHUHVL
6(
9L7VXUXPL0IJ&R/WGI|UVlNUDUDWWSURGXNWW\SHQDYVHULHQXQGHULVLWWOHYHUHUDGHWLOOVWnQGXSSI\OOHUVDPWOLJDDYI|OMDQGHUHOHYDQWDYLOONRUXQGHU
),
0H7VXUXPL0IJ&R/WG\KWL|YDNXXWDPPHHWWlNRKGDVVDPDLQLWXQVDUMDQWXRWHW\\SSLVHQWRLPLWXVPXRGRVVDWl\WWllNDLNNLNRKGDVVDPDLQLWXWUHOHYDQWLWPllUl\NVHW
((
7HDWDPHHWPHLHHWWHY}WWH7VXUXPL0IJ&R/WGWRRWHWSVHHULDVWYDVWDENlWWHWRLPHWDPLVHKHWNHON}LJLOHDVMDVVHSXXWXYDWHOHVlWHWHOH
3/
0\7VXUXPL0IJ&R/WGRĞZLDGF]DP\ĪHW\SSURGXNWXVHULLRNUHĞORQHMZZVWDQLHGRVWDUF]RQ\PMHVW]JRGQ\]ZV]\VWNLPLQDVWĊSXMąF\PLRGSRZLHGQLPLSU]HSLVDPLRNUHĞORQ\PLZ
+8
0LD7VXUXPL0IJ&R/WGNLMHOHQWMNKRJ\D]V]HULQWLVRUR]DWWHUPpNWtSXVV]iOOtWiVNRULiOODSRWDPHJIHOHODSRQWV]HULQWLYDODPHQQ\LDOiEEIHOVRUROWYRQDWNR]yUHQGHONH]pVQHN
+5
0L7VXUXPL0IJ&R/WGL]MDYOMXMHPRGDWLSSURL]YRGDVHULMHSRGXLVSRUXþHQRPVWDQMXRGJRYDUDVYLPVOMHGHüLPUHOHYDQWQLPRGUHGEDPDSRG
56
0L7VXUXPL0IJ&R/WGL]MDYOMXMHPRGDMHWLSSURL]YRGDVHULMHSRGXVYRPLVSRUXþHQRPVWDQMXXVDJODVQRVWLVDVYLPVOHGHüLPUHOHYDQWQLPRGUHGEDPDSRG
58
Ɇɵɤɨɦɩɚɧɢɹ7VXUXPL0IJ&R/WGɡɚɹɜɥɹɟɦɱɬɨɬɢɩɢɡɞɟɥɢɹɫɟɪɢɢɜɟɝɨɨɛɴɟɦɟɩɨɫɬɚɜɤɢɫɨɨɬɜɟɬɫɬɜɭɟɬɜɫɟɦɧɟɨɛɯɨɞɢɦɵɦɭɫɥɨɜɢɹɦɫɨɝɥɚɫɧɨ
%*
ɇɢɟ7VXUXPL0IJ&R/WGɞɟɤɥɚɪɢɪɚɦɟɱɟɜɞɨɫɬɚɜɟɧɨɬɨɫɢɫɴɫɬɨɹɧɢɟɜɢɞɴɬɩɪɨɞɭɤɬɨɬɫɟɪɢɹɬɚɩɨɨɬɝɨɜɚɪɹɧɚɜɫɢɱɤɢɫɥɟɞɜɚɳɢɩɪɢɥɨɠɢɦɢɪɚɡɩɨɪɟɞɛɢɩɨ
&=
0\7VXUXPL0IJ&R/WGSURKODãXMHPHåHW\SYêURENXĜDG\XYHGHQpYERGČYMHKRGRGDQpPVWDYXVSOĖXMHYãHFKQDQiVOHGXMtFtUHOHYDQWQtXVWDQRYHQtERGX
,6
9Lè7VXUXPL0IJ&R/WGOêVXP\ILUDèY|UXWHJXQGJHUèDUVHPVNUièHUVHPHUtVDPU PLYLèHIWLUIDUDQGLJLOGDQGLiNY èLtìYtiVWDQGLVHPK~QHUDIKHQWt
/7
0HVƳPRQơVÄ7VXUXPL0IJ&R/WG³DWVWRYDLSDUHLãNLDPHNDGVNLOW\MHQXURG\WRVVHULMRVSURGXNWDVNRNVEXYRSULVWDW\WDVDWLWLQNDYLVDVWROLDXQXURG\WDVDWLWLQNDPDVQXRVWDWDVNDLSQXURG\WDVNLOW\MH
/9
0ƝV7VXUXPL0IJ&R/WGDSOLHFLQƗPNDVƝULMDVSURGXNWDWLSVVDVNDƼƗDUSLHJƗGƗWDMƗVWƗYRNOƯDWELOVWYLVLHPDWWLHFƯJDMLHPQRWHLNXPLHPVDVNDƼƗDU
52
1RL7VXUXPL0IJ&R/WGGHFODUăPFăWLSXOGHSURGXVGLQVHULDLQGLFDWăODSXQFWXOvQVWDUHDvQFDUHHVWHOLYUDWUHVSHFWăXUPăWRDUHOHGLVSR]L܊LLUHOHYDQWHVSHFLILFDWHODSXQFWXO
6.
6SRORþQRVĢ7VXUXPL0IJ&R/WGY\KODVXMHåHW\SSURGXNWXVpULHXYHGHQHMYERGHYLWVGHOLYHUHGVWDWHVSĎĖDYãHWN\SUtVOXãQpQDULDGHQLDXYHGHQpYERGH
6,
0LGUXåED7VXUXPL0IJ&R/WGL]MDYOMDPRGDMHYUVWDL]GHONDVHULMHSRGWRþNRYGRVWDYOMHQLREOLNLVNODGQD]YVHPLQDYHGHQLPLXVWUH]QLPLGRORþEDPLSRGWRþNR
3/6
61R%;;;;;;;;
38
61R%;;;;;;;;
70
61R%;;;;;;;;
64
61R%;;;;;;;;
6)4
61R%;;;;;;;;RU;;;;;;;;;;
%
61R%;;;;;;;;RU;;;;;;;;;;
&
61R%;;;;;;;;RU;;;;;;;;;;
%=
61R%;;;;;;;;RU;;;;;;;;;;
0*
61R;;;;;;;;;;
8
61R;;;;;;;;;;
8=
61R%;;;;;;;;RU;;;;;;;;;;
87=
61R;;;;;;;;;;
%(5
61R%;;;;;;;;RU;;;;;;;;;;
751
61R;;;;;;;;;;
)63
61R;;;;;;;;;;
)+3
61R;;;;;;;;;;
(&(8(8 &(0DUNLQJ(1
$$&
(1,62
(1
$
(1
$
(1
$
(1
$
(1
$&
(1
(1
$&
(1
$$&
(1
$
(1
.\RWR-DSDQ
$XJXVWWK
7VXUXPL0DQXIDFWXULQJ&R/WG
+LURIXPL,VKLPXUD
([HFXWLYH2IILFHU 3ODQW0DQDJHU