8./È'È1Ë$Ò'5ä%$
3ĜHGSURYiGČQtPMDNpNROLþLQQRVWL~GUåE\QHFKWHYDUQRXGHVNX
Y\FKODGQRXW
6PČMtVHSRXåtYDWSRX]HSURGXNW\SDVW\DãNUDEN\SĜtPR
XUþHQpSURVNORNHUDPLFNpSRYUFK\3URGiYDMtVHYREFKRGHFKV
GRPiFtPLSRWĜHEDPL
9\YDUXMWHVHUR]OLWtSURWRåHFRNROLUR]OLWpQDSRYUFKXYDUQp
GHVN\VHU\FKOHSĜLSHþHWDNåHMHþLãWČQtYHOPLREWtåQp
'RSRUXþXMHVHXNOiGDWYãHFKQ\OiWN\NWHUpPDMtVNORQNPČNQXWt
WHSOHPQDSĜtNODGSODVW\FXNUFXNURYpYêUREN\PLPRYDUQRX
GHVNX
Ò'5ä%$
1DQHVWHQČNROLNNDSHNVSHFLiOQtKRþLVWLFtKRSURVWĜHGNXQD
SRYUFKYDUQpGHVN\
2WĜHWH]DVFKOpVNYUQ\PČNNêPKDGĜtNHPQHERPtUQČ
QDYOKþHQRXSDStURYRXXWČUNRX
2WĜHWHPČNNêPKDGĜtNHPQHERVXFKRXSDStURYRXXWČUNRX
GRNXGQHQtSRYUFKþLVWê
2GROQpQHþLVWRW\NWHUpVHWDNWRQHRGVWUDQt
1DQHVWHQČNROLNNDSHNVSHFLiOQtKRþLVWLFtKRSURVWĜHGNXQD
SRYUFKYDUQpGHVN\
2GVWUDĖWHãNUDENRXGUåHQRXY~KOXNSRYUFKXYDUQpGHVN\
2WĜHWHPČNNêPKDGĜtNHPQHERVXFKRXSDStURYRXXWČUNRX
GRNXGQHQtSRYUFKþLVWê
9SĜtSDGČSRWĜHE\SRVWXSRSDNXMWH
1ċ.2/,.5$'
ýDVWpþLVWČQtSRQHFKiYiRFKUDQQRXYUVWYXNWHUiMHSRWĜHEQiSUR
]DEUiQČQtSRãNUiEiQtDRSRWĜHEHQt3ĜHGSRXåLWtPYDUQpGHVN\
VHXMLVWČWHåHMHSRYUFKþLVWê3URRGVWUDQČQtVWRSSRYRGČ
SRXåLMWHQČNROLNNDSHNRFWDQHERFLWURQRYpãĢiY\3RWRPRWĜHWH
DEVRUSþQtSDStURYRXXWČUNRXVQČNROLNDNDSNDPLVSHFLiOQtþLVWLFt
NDSDOLQ\6NORNHUDPLFNêSRYUFKRGROiYiSRãNUiEiQtRGQiGREtV
SORFKêPGQHPMHYãDNYåG\OHSãtQiGREXSĜLRGVWUDĖRYiQt]H
]yQ\QHMSUYHQDG]GYLKQRXW
1HSRXåtYHMWHKRXEXNWHUiMHSĜtOLãPRNUi
1LNG\QHSRXåtYHMWHQĤåQHERãURXERYiN
âNUDENDVåLOHWNRYêPRVWĜtPQHRãNUiEHSRYUFKSRNXGMH
XGUåRYDQiSRG~KOHP
âNUDENXVåLOHWNRYêPRVWĜtPQLNG\QHQHFKiYHMWHYGRVDKX
GČWt
1LNG\QHSRXåtYHMWHDEUD]LYQtSURGXNW\QHERSUiãN\
1È6/('1È3eý(
3ĜHG]DYROiQtPVHUYLVQtKRWHFKQLND]NRQWUROXMWHQiVOHGXMtFt
]GDMH]iVXYNDVSUiYQČ]DVXQXWDDFKUiQČQDSRMLVWNRX.G\å
QHO]H]MLVWLWSĜtþLQX]iYDG\Y\SQČWHVSRWĜHELþ²QHPDQLSXOXMWH
VQtP²]DYROHMWHVHUYLVQtVWĜHGLVNR6SRWĜHELþMHGRGiYiQVH
]iUXþQtPOLVWHPNWHUêRSUDYĖXMHNMHKREH]SODWQpRSUDYČY
VHUYLVQtPVWĜHGLVNX
ě(â(1Ë352%/e0ģ
,QGXNþQtYDUQiGHVNDY\GiYiKOXN
1RUPiOQt9HQWLOiWRUFKODGLFtHOHNWURQLFNpSUYN\MH]DSQXW
,QGXNþQtYDUQiGHVNDY\GiYiVODEêSLãWLYê]YXN
1RUPiOQt9]KOHGHPNSUDFRYQtIUHNYHQFLLQGXNWRUĤVHPĤåH
R]êYDWSLãWČQtSĜLVRXþDVQpPSRXåLWtYDUQêFK]yQQDPD[LPiOQt
YêNRQ
9DUQp]yQ\QHXGUåXMtYDUQHERGRVWDWHþQêYêNRQSĜLVPDåHQt
0XVtWHSRXåtYDWSiQYHVQDSURVWRURYQêPGQHP
'QDSiQYtE\PČORSĜHVQČRGSRYtGDWSUĤPČUX]YROHQpYDUQp
]yQ\
-tGORVHYDĜtSRPDOX
%\ORSRXåLWRQHVSUiYQpQiGREt'QDSiQYtE\PČODEêWURYQiV
URYQRPČUQRXWORXãĢNRXDVWHMQêPSUĤPČUHPMDNRPi]YROHQi
RKĜtYDFt]yQD
'UREQpãNUiEDQFHSUDVNOLQ\QHERRGĜHQiPtVWDQDVNOHQČQpP
SRYUFKXYDUQpGHVN\
1HVSUiYQiPHWRGDþLãWČQtQiGREt]GUVQêPGQHPQHERKUXEp
þiVWLFHVĤOþLStVHN]DFK\FHQpPH]LGQHPQiGREtDSRYUFKHP
YDUQpGHVN\
3RXåLMWHGRSRUXþHQêSRVWXSþLãWČQtD]NRQWUROXMWHåHMHGQR
QiGREtþLVWpDåHSRXåtYiWHQiGREtVKODGNêPGQHP
.RYRYpVWRS\PRKRXY\SDGDWMDNRãNUiEDQFH
1HSRVXQXMWHKOLQtNRYpQiGREtSRSRYUFKX
3RXåLMWHGRSRUXþHQpþLVWLFtSRVWXS\SURRGVWUDQČQtWČFKWRVWRS
1HVSUiYQpþLVWLFtPDWHULiO\PRKRX]SĤVRELWQHGRNRQDOp
RGVWUDQČQtQHþLVWRW\QHERPDVWQRW\QDSRYUFKXSRXåLMWHãNUDENX
VåLOHWNRYêPRVWUêPDGRSRUXþHQpþLVWLFtSURVWĜHGN\
7PDYpSĜLSiOHQLQ\
3RXåLMWHãNUDENXVåLOHWNRYêPRVWUêPDGRSRUXþHQpþLVWLFt
SURVWĜHGN\
2GEDUYHQiPtVWDQDYDUQpPSRYUFKX
6WRS\SRKOLQtNRYêFKDPČGČQêFKSiQYtFKQHERPLQHUiOQt~VDG\
SRYRGČþLSRWUDYLQiFKO]HMHRGVWUDQLWþLVWLFtPNUpPHP
+RUNpFXNURYpVPČVLQHERSODVWSĜLSHþHQêNSRYUFKX
9L]þiVWýLãWČQtVNOHQČQpYDUQpGHVN\
9DUQiGHVNDMHPLPRSURYR]QHERQČNWHUpRKĜtYDFt]yQ\
QHIXQJXMt
6SRMRYDFtW\þN\QHMVRXVSUiYQČ]DVXQXW\YHVYRUNRYQLFL
=NRQWUROXMWH]GDMHSĜLSRMHQtVSUiYQpSRGOHLQVWDODþQtFKSRN\QĤ
QDVWUDQČ
9DUQiGHVNDQHQtIXQNþQt
2YOiGDFtSDQHOMHX]DPNQXW3URXYROQČQtVWLVNQČWHX]DP\NDFt
WODþtWNR
9DUQiGHVNDVHQHY\SQXOD
2YOiGDFtSDQHOMHX]DPNQXW3URXYROQČQtVWLVNQČWHX]DP\NDFt
WODþtWNR9L]NDSLWRODQDVWUDQČ
9DUQiGHVNDVHY\StQiDXWRPDWLFN\
9DUQp]yQ\VHDXWRPDWLFN\Y\SQRXSRNXGVHGORXKRXGREX
QHSRXåtYDMt9L]NDSLWRODQDVWUDQČ
)UHNYHQFH]DStQiQtDY\StQiQtSURYDUQp]yQ\
&\NO\]DStQiQtDY\StQiQtVHOLãtSRGOHSRåDGRYDQp~URYQČRKĜHYX
Qt]Ni~URYHĖNUiWNiGRED]DSQXWt
Y\VRNi~URYHĖGORXKiGRED]DSQXWt
7HQWRVSRWĜHELþMHR]QDþHQYVRXODGXVHYURSVNRX
VPČUQLFt
R
HOHNWURQLFNpP
D
HOHNWULFNpPRGSDGX:(((3RNXG]DMLVWtWHåH
MHWHQWRYêUREHNVSUiYQČ]QHãNRGQČQSRPiKiWH
SĜHGFKi]HWQHJDWLYQtPGRSDGĤPQDåLYRWQt
SURVWĜHGtDOLGVNp]GUDYtNWHUpE\PRKO\EêW
GĤVOHGNHPQHVSUiYQpKRQDNOiGiQtVWtPWR
YêURENHP6\PEROQDSURGXNWXR]QDþXMHåHV
WtPWRYêURENHPQHO]H]DFKi]HWMDNRV
NRPXQiOQtPRGSDGHP
0tVWRWRKRE\PČOEêWSĜHGiQQDYKRGQpVEČUQpPtVWRSUR
UHF\NODFLHOHNWULFNpKRDHOHNWURQLFNpKR]DĜt]HQt/LNYLGDFHPXVt
EêWSURYHGHQDYVRXODGXVPtVWQtPLSĜHGSLV\SURQDNOiGiQtV
RGSDGHP3RGUREQČMãtLQIRUPDFHR]DFKi]HQtRSDNRYDQpPY\XåLWt
DUHF\NODFLWRKRWRYêURENXPĤåHWH]tVNDWXVYpKRPtVWQtKR~ĜDGX
VSROHþQRVWLSURYiGČMtFtOLNYLGDFLRGSDGXQHERYREFKRGČNGHMVWH
YêUREHN]DNRXSLOL
3R]QiPND
0D[LPiOQČ
54 CZ
20 2/
/E
1 19 U
