-RRQGDJHOHPLVHNlHSLGHPHMDDOXPLVHNlHSLGHPHDYDG
3DQJHSROGLGDYDGHVWOlEL
.HHUDNHQXSXGSROWLGHOHNLQQL
7HRVWDJHVDPDWRLPLQJWHLVHOSRROHO
3$,*$/'$*(0858.2*8-$
-RRQLV
(HPDOGDJHPXOWãLPLVHVXOJXU
(HPDOGDJHNOJYlOMDODVNHVXXQDMD
$YDJHWDJXPLVHYlOMDODVNHOXXNMDKRLGNHVHGD
+RLGNHPXUXNRJXMDWVHOOHNlHSLGHPHVWMDNLQQLWDJHVHOOH
NRQNVXGOXXJLYDUGDNOJH
6XOJHJHWDJXPLVHYlOMDODVNHOXXN
3$,*$/'$*(08/7â,0,6(
68/*85
-RRQLV
(HPDOGDJHPXUXNRJXMD
$YDJHWDJXPLVHYlOMDODVNHOXXNMDKRLGNHVHGD
+RLGNHPXOWãLPLVHVXOJXULWVHOOHNlHSLGHPHVWMD
SDLJDOGDJHVHHYlOMDODVNHVXXQDMDVVH
6XOJHJHWDJXPLVHYlOMDODVNHOXXN
3$,*$/'$*(
.h/*9b/-$/$6.(6881$-$
-RRQLV
+2,$786
.XLNDVXWDWHNOJYlOMDODVNHVXXQDMDW
lUJHSDLJDOGDJHPXUXNRJXMDW
MlWNHPXOWãLPLVHVXOJXUVHDGPHNOJH
$YDJHNOJYlOMDODVNHOXXNMDKRLGNHVHGD
3DLJXWDJHNOJYlOMDODVNHVXXQDMDVYHQGLGS||UGHWDSLVW
DOODSRROH
6XOJHJHNOJYlOMDODVNHOXXN
6($',67$*(7(5$.®5*86
6HDGPHWHUDVDDEVHDGLVWDGDHULQHYDWHOHN}UJXVWHOH
-RRQLV
7HUDN}UJXVHW}VWPLVHNVW}PPDNHN}UJXVHUHJXOHHULPLVH
NDQJLWDKDSRROH
7HUDN}UJXVHYlKHQGDPLVHNVW}PPDNHN}UJXVH
UHJXOHHULPLVHNDQJLHWWHSRROH
3$,*$/'$*($.83/2..
-RRQLV
+2,$786
.XLDNXSORNNY}LODDGLMDRQNDKMXVWDWXGYDKHWDJH
DNXSORNNY}LODDGLMDYlOMD
(QQHDNXSORNLSDLJDOGDPLVWY}LHHPDOGDPLVWSHDWDJH
VHDGHMDRRGDNHNXQLPRRWRUVHLVNXE
/XJHJHWHDGNHMDMlUJLJHDNXMDODDGLMDNDVXWXVMXKHQGLV
HVLWDWXGMXKLVHLG
0b5.86
6HDGPHORQDXWRPDDWQHPEHUOOLWXVVVWHHPPLV
Y}LPDOGDEWHLVHODNXOW||WDGDNXLHVLPHQHULYLVWYlOMDVRQ
$YDJHDNXSHVDNDWH
-RRQGDJHDNXSORNLVDNLGDNXSHVDVRRQWHJD
/NDNHDNXSORNNDNXSHVDVVHQLLNDXJHOHHWDNXSORNN
OXNXVWXERPDNRKDOH
$NXSORNNRQSDLJDVNXLNXXOHWHNO}SVDWXVW
6XOJHJHDNXSHVDNDWH
0b5.86
0RRWRUNlLYLWXEDOOHVVLLVNXLSDQHWHVHDGPHVVH
WXUYDY}WPH
$.83/2.,((0$/'$0,1(
-RRQLV
(HPDOGDJHWXUYDY}WL
$YDJHDNXSHVDNDWH
9DMXWDJHMDKRLGNHDNXYDEDVWDPLVHQXSSXDOO
hKHQGDJHVHDGPHDNXSORNNODKWL
08581,,'8.,
)81.76,221,'
0b5.86
hOGLVHOWRQPXUXQLLGXNLONROPIXQNWVLRRQLWDKDVXXQDV
NRWLNRUMHPXOWãLPLQHNOJVXXQDVYlOMDYLVH1HQGH
IXQNWVLRRQLGHYDKHWDPLVHNVWXOHEPXXWDWDUYLNXWHVHDGHLG
'HWDLOVHGVHDGLVWXVHGOHLDWHMlUJQHYDVWWDEHOLVW
3DOXQSLGDJHPHHOHVHWDOOWRRGXGIXQNWVLRRQLGRQ
PXGHOLWLHULQHYDG
08581,,'8.,
)81.76,221,
9$+(7$0,1(
08/7â,
0,6(
68/*85
0858
.277
.h/*
9b/-$
/$6.(
6881$-$
7DKDVXXQDVNRWL
NRUMHMDRNV
î
¥
î
0XOWãLPLVHNV
¥
î
î
.OJVXXQDVYlOMD
ODVNHMDRNV
¥
î
¥
(HVWLNHHO
(7