,ãPDWXRWDVJDUVR
VOơJLRO\JLV
/
3$
G%$. G%$
*DUDQWXRWDVJDUVR
JDOLRVO\JLV
/
:$G
G%$
$NXPXOLDWRULDXV
PRGHOLV
/%3/%3
ƲNURYLNOLRPRGHOLV /&
9LEUDFLMD
PVð. PVð
,3;
,3;
(%$7,7,.7,(6
'(./$5$&,-$
*DPLQWRMDV
<$0$%,.2&25325$7,21
$GUHVDV
6XHKLURFKR2KPH7RN\R
-$321,-$
ƲJDOLRWDVDWVWR
YDV
&(57,),&$7,21(;3(576%9
5LFKDUG*ODVHU
$GUHVDV
$PHUODQGVHZHJ=&%UHXNHOHQ
1\GHUODQGDL
0HVÄ<$0$%,.2&RUSRUDWLRQ³SULVLLPGDPLYLVą
DWVDNRP\EĊSDWYLUWLQDPHNDGWROLDXQXURG\WDVJDPLQ\V
DWLWLQNDWROLDXQXURG\WǐGLUHNW\YǐUHLNDODYLPXV
*DPLQLRSDYD
GLQLPDV
YHMDSMRYơ
3UHNơVåHQNODV (&+2
.RPHUFLQLR
PRGHOLRSDYD
GLQLPDV
'/063
6HULMRV1U
1XR8LNL8
'LUHNW\YRV
'DUQLHMLVWDQGDUWDLSURFHGnjUD
(%
(1
$$$
$$(1
(1
(6
(1$(1
(6
(1,(&
(%
SULHGDV9,
(%9
(1,62(1,62
,62
*DUVRJDOLRV
O\JLV
,ãPDWXRWDVG%$JDUDQWXRWDV
G%$
7RNLMDVPVSDOLRG
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
+LVDVKL.RED\DVKLJHQHUDOLQLVGLUHNWRULXV
.RN\EơVXåWLNULQLPRGHSDUWDPHQWDV
<$0$%,.2&25325$7,21
-.$7,7,.7,(6
'(./$5$&,-$
*DPLQWRMDV
<$0$%,.2&25325$7,21
$GUHVDV
6XHKLURFKR2KPH7RN\R
-$321,-$
ƲJDOLRWDVDWVWR
YDV
8.&$([SHUWV/WG
5LFKDUG*ODVHU
$GUHVDV
'HSW2ZVWRQ5RDG&DUFURIW'RQ
FDVWHU'1'$-XQJWLQơ.DUDO\VWơ
0HVÄ<$0$%,.2&RUSRUDWLRQ³SULVLLPGDPLYLVą
DWVDNRP\EĊSDWYLUWLQDPHNDGWROLDXQXURG\WDVJDPLQ\V
DWLWLQNDWROLDXQXURG\WǐUHJODPHQWǐUHLNDODYLPXV
*DPLQLRSDYD
GLQLPDV
YHMDSMRYơ
3UHNơVåHQNODV (&+2
.RPHUFLQLR
PRGHOLRSDYD
GLQLPDV
'/063
6HULMRV1U
1XR8LNL8
5HJODPHQWDL
7DLNRPLVWDQGDUWDL
7HFKQLQLVUHJODPHQWDV
Ä0DãLQǐVDXJD³
(1
$$
$$$
(1(1
(OHNWURPDJQHWLQLRVXGHUL
QDPXPRGLUHNW\YD
(1$
(1
'LUHNW\YDGơOWDPWLNUǐ
SDYRMLQJǐPHGåLDJǐQDX
GRMLPRHOHNWURVLUHOHNWUR
QLQơMHƳUDQJRMHDSULERMLPR
(1,(&
/LHWXYLǐN
/7