0217$**,2(35(3$5$=,21(
$77(1=,21(
y
,PSHGLUHDLEDPELQLGLDUUDPSLFDUVLR
DJJUDSSDUVLDOWHOHYLVRUH
127$
y
8WLOL]]DUHXQSLDQRRXQPRELOHVXIILFLHQWHPHQWH
JUDQGLHUREXVWLGDVRVWHQHUHFRUUHWWDPHQWHLO
WHOHYLVRUH
y
6WDIIHEXOORQLHFDYLQRQVRQRIRUQLWLÊSRVVLELOH
DFTXLVWDUHJOLDFFHVVRULRS]LRQDOLSUHVVRLO
ULYHQGLWRUHORFDOHGLILGXFLD
0RQWDJJLRDSDUHWH
0RQWDUHDWWHQWDPHQWHODVWDIIDSHULOPRQWDJJLRDSDUHWH
RS]LRQDOHVXOUHWURGHOWHOHYLVRUHH¿VVDUHODVWDIIDVX
XQDSDUHWHVROLGDSHUSHQGLFRODUHDOSDYLPHQWR3HU
¿VVDUHLOWHOHYLVRUHVXDOWULPDWHULDOLGDFRVWUX]LRQH
FRQWDWWDUHLOSHUVRQDOHTXDOL¿FDWR
/*FRQVLJOLDGLIDUHVHJXLUHLOPRQWDJJLRDSDUHWHGDXQ
LQVWDOODWRUHTXDOL¿FDWRHVSHUWR
FP
FP
FP
FP
$FFHUWDUVLGLXWLOL]]DUHYLWLHVWDIIHSHULOPRQWDJJLRD
SDUHWHFRQIRUPLDJOLVWDQGDUG9(6$/HGLPHQVLRQL
VWDQGDUGSHULNLWGLPRQWDJJLRDSDUHWHVRQRGHVFULWWL
QHOODVHJXHQWHWDEHOOD
$FTXLVWRVHSDUDWR6WDIIDSHUPRQWDJJLRD
SDUHWH
0RGHOOR
3%
9(6$$[%
[
9LWHVWDQGDUG
0
1XPHURGLYLWL
PRQWDJJLRDSDUHWH
36:%;
A
B
$77(1=,21(
y
6FROOHJDUHO¶DOLPHQWD]LRQHSULPDGLVSRVWDUH
RLQVWDOODUHLOWHOHYLVRUH,QFDVRFRQWUDULRVL
ULVFKLDQRVFRVVHHOHWWULFKH
y
6HVLLQVWDOODLO79DOVRIILWWRRVXXQDSDUHWH
LQFOLQDWDSRWUHEEHFDGHUHHFDXVDUHJUDYL
OHVLRQL8WLOL]]DUHXQVXSSRUWRSHUPRQWDJJLR
DSDUHWHDXWRUL]]DWRGD/*HFRQWDWWDUHLO
ULYHQGLWRUHORFDOHRLOSHUVRQDOHTXDOLILFDWR
y
1RQVHUUDUHHFFHVVLYDPHQWHOHYLWLSHUHYLWDUH
GDQQLDOWHOHYLVRUHHUHQGHUHQXOODODJDUDQ]LD
y
8WLOL]]DUHOHYLWLHLVXSSRUWLDSDUHWHFRQIRUPL
DJOLVWDQGDUG9(6$*OLHYHQWXDOLGDQQLR
OHVLRQLFDXVDWLGDOO¶XVRHUUDWRRGDOO¶XWLOL]]RGL
XQDFFHVVRULRQRQFRPSDWLELOHQRQVRQRFRSHUWL
GDOODJDUDQ]LD
127$
y
8WLOL]]DUHOHYLWLHOHQFDWHQHOOHVSHFLILFKHGHOOH
YLWLFRQIRUPLDJOLVWDQGDUG9(6$
y
,ONLWSHULOPRQWDJJLRDSDUHWHLQFOXGHXQ
PDQXDOHGLLQVWDOOD]LRQHHLFRPSRQHQWL
QHFHVVDUL
y
/DVWDIIDSHULOPRQWDJJLRDSDUHWHqXQ
DFFHVVRULRRS]LRQDOHÊSRVVLELOHDFTXLVWDUHJOL
DFFHVVRULRS]LRQDOLSUHVVRLOULYHQGLWRUHORFDOH
GLILGXFLD
y
/DOXQJKH]]DGHOOHYLWLSXzYDULDUHLQEDVH
DOODVWDIIDGLPRQWDJJLRDSDUHWH$FFHUWDUVLGL
XWLOL]]DUHODOXQJKH]]DDSSURSULDWD
y
3HUXOWHULRULLQIRUPD]LRQLFRQVXOWDUHLOPDQXDOH
IRUQLWRFRQODVWDIIDGLPRQWDJJLRDSDUHWH
,7
$/,$12
