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8PHWQLWHWUDLORQDQRVDL]DYUQLWHXYUVQLYLMDNNDNRELVWHXYUVWLOLWUDLOR
3ULNOMXLWHNDEHOWUDLODXXWLNDQDSUHGQMRMVWUDQLNDPHUH
6NLGDQMHWUDLOD
2GVSRMLWHNDEHOWUDLOD
2WSXVWLWHYLMDN]DXYULYDQMHWUDLODWHVNLQLWHWUDLORVQRVDD
;/6
3ULSUHPD
3RVWDYOMDQMHLVNLGDQMH;/REMHNWLYD
1DRYRPNDPNRUGHUXPRHWHXSRWULMHELWLELORNRMLREMHNWLYNRMLLPDR]QDNX
3RVWDYOMDQMHREMHNWLYD
8NORQLWH]DWLWQHSRNORSFHVREMHNWLYDLNDPNRUGHUD
3RUDYQDMWHFUYHQXWRNXQDNDPHULVDPMHVWRP]DSRVWDYOMDQMHREMHNWLYD FUYHQDWRND
QDREMHNWLYX ]DWLP]DNUHQLWHREMHNWLYXVPMHUXND]DOMNHQDVDWXGRNQHNOLNQHLVMHGQH
QDVYRMHPMHVWR
6NLGDQMHREMHNWLYD
3RPDNQLWHL]DGULWH/(165(/($6(SUHNORSQLNWH]DNUHQLWHREMHNWLYXVPMHUX
VXSURWQRPRGVPMHUDND]DOMNHQDVDWXGRNVHQH]DXVWDYL7DGDRGYRMLWHREMHNWLYRG
NDPHUH
.DGDQHXSRWUHEOMDYDWHREMHNWLYLOLNDPHUXREDYH]QRYUDWLWH]DWLWQHSRNORSFHQD
PMHVWR
;/6
3ULSUHPD
3RVWDYOMDQMHVMHQLOD
8NORQLWHSRNORSDFREMHNWLYD
3RUDYQDMWHSRGXOMLQLVMHQLORVREMHNWLYRPWDNRGDVHORJR&DQRQQDOD]LQDOLMHYRMVWUDQL
=DNUHQLWHJD]D XVPMHUXND]DOMNHQDVDWXWDNRGDORJR&DQRQEXGHQDYUKX
x 1HSULPMHQMXMWHVLOXODJDQLPSRWH]RPXYUVWLWHVMHQLOR
1DNUDMX]DNUHQLWHYLMDN]DXYULYDQMH
x =DVNLGDQMHVMHQLODSRQRYLWHJRUHRSLVDQLSRVWXSDNDOLREUQXWLPUHGRVOLMHGRP
1HPRMWH]DERUDYLWLSRVWDYLWLVMHQLORNDGVQLPDWHMHURQRXPDQMXMH]DOXWDORVYMHWORNRMHPRHX]URNRYDWLEOMHWDYXLOLQHMDVQX
VOLNX
3RGHHQMDREMHNWLYD
3RVWRMHHWLULIXQNFLMHNRMHPRJXELWLSRGHHQHLVNOMXLYRSRPRXNRQWURODQDREMHNWLYX
x 2SWLNLVWDELOL]DWRUVOLNH VWU
x 1'ILOWHU VWU
x 3XVK$XWRIRFXV VWU
x 5XQRL]RWUDYDQMH VWU
1DSRPHQH
x 3ULMHSRVWDYOMDQMDLOLVNLGDQMDREMHNWLYDSURYMHULWHGDOLMHNDPHUDLVNOMXHQD
x .DNRELVWHL]EMHJOLRWHHQMDREMHNWLYDLOLNDPHUHSULSRVWDYOMDQMXLOLVNLGDQMXREMHNWLYDLKSRVWDYLWHQDVWROLOLGUXJX
YUVWXSRYULQX
x 8SRWUHEOMDYDMWHVDPRREMHNWLYHNRMLLPDMXR]QDNX
6RYLPNDPNRUGHURPQHPRHWHXSRWUHEOMDYDWL9/REMHNWLYH
x 8NROLNRXNOMXLWHNDPHUXSULMHQHJRWRVWHSRVWDYLOLREMHNWLYQDSRND]LYDXHVHQDQHNROLNRVHNXQGLSRMDYLWL
XSR]RUHQMH&+(&.7+(/(167DGDHXWUDLOXQHSUHNLGQRWLWUDWLR]QDND/(16,VNOMXLWHNDPHUXLSRVWDYLWH
REMHNWLY
2]QDND/(16WDNRHUWLWUDXNROLNRMHSULNOMXHQGRGDWQL;/()DGDSWHULOL;/[SURGXQLNDEHO
.DGDREMHNWLYQLMHSRVWDYOMHQL]EMHJDYDMWHGRGLUVL]ORHQLPGLMHORYLPDXXQXWUDQMRVWLNDPHUH NDRWRMH&&'SRGUXMH
8NROLNRWDNYHGLMHORYHWUHEDRLVWLWLXLQLWHWRSRPRXNRPHUFLMDOQRQDEDYOMLYRJSULERUD]DLHQMHREMHNWLYD3ULMHLHQMD
SURYMHULWHGDOLMHNDPHUDLVNOMXHQD
;/6
3ULSUHPD
3RGHDYDQMHWUDLODXERML
3RGHDYDQMHRNXODUD]DOLMHYRGHVQRRNR
0RHWHSRPLFDWLWUDLORX]GXQRVDDGRNQHSURQDHWH
SRORDMNRML9DPQDMEROMHRGJRYDUD]DGHVQRLOLOLMHYRRNR
2WSXVWLWHYLMDN]DXYULYDQMHWH
SRPDNQLWHWUDLORQDRGJRYDUDMXL
SRORDMQDQRVDX
=DWHJQLWHYLMNH]DXYULYDQMH
8SRUDEDGHVQLPRNRP
=DNUHQLWHRNXODU XNROLNRMHSRWUHEQR
x =DNUHQLWHL]DGULWHUXLFX]DRWSXWDQMHQDGRQMRM
VWUDQLWUDLODD]DWLP]DNUHQLWHRNXODUXVPMHUX
VXSURWQRPRGVPMHUDND]DOMNHQDVDWX GRNVH
R]QDNDQDRNXODUXQHSRUDYQDVR]QDNRPQD
WUDLOX NDNRELVWHJDPRJOLVNLQXWLVWUDLOD
=DPLMHQLWHSRORDMRNXODUDWDNRGDRNXODUEXGH
RNUHQXWXVXSURWQRPVPMHUXWDNRGDSRUDYQDWH
R]QDNHL]DNUHQHWHRNXODUXVPMHUXND]DOMNHQD
VDWXGRNQHVMHGQHQDPMHVWR
;/6
8SRUDEDOLMHYLPRNRP
3ULSUHPD
3RGHDYDQMH9DHWRNHJOHGDQMD
8NROLNRHOLWHVFHQXSURPDWUDWLWDNRGD9DPRNREXGH
EOL]XRNXODUDSRGHVLWH(<(32,176(/(&7SUHNORSQLNQD
1($58NROLNRHOLWHSURPDWUDWLVFHQXWDNRGD9DPRNRQH
EXGHEOL]XRNXODUDSRGHVLWHSUHNORSQLNQD)$5
8VNOD LYDQMHWUDLODV9DLPYLGRP
x .DGDMHXNOMXHQDSDX]DXVQLPDQMX]DNUHQLWHSUVWHQ
]DL]RWUDYDQMHQDWUDLOX L]RWUDYDSULND]L]PHXL
NDNRELVWHXVNODGLOLSULND]XVNODGXV9DLPYLGRP
GLRSWULMRP
x 7UDLORVHPRH]DNUHWDWLGRNDNRELVWHPRJOL
ELUDWLL]PHXUD]QLKSRORDMDVQLPDQMD
3RGHDYDQMHERMHWUDLOD
2WYRULWH&$0LOL9&5L]ERUQLNWHRGDEHULWH',636(783
2GDEHULWH(9)&2/25D]DWLPSRGHVLWHERMX]DNUHWDQMHP,5,66(/(&7NRWDLD
=DWYRULWHL]ERUQLN
x =DNUHQLWH,5,66(/(&7NRWDLSUHPDJRUHNDNRELVWH]DFUYHQLOLWUDLORRGQRVQRSUHPDGROMHNDNRELVWHJDXLQLOL
]HOHQNDVWLMLP
3RGHDYDQMHVYMHWOLQHWUDLOD
x 3RGHVLWHVYMHWOLQXSULND]D]DNUHWDQMHPYLMND%5,*+7
3URQDLHWHYLMDNQDGRQMRMVWUDQLWUDLODXNROLNR
SRYXHWHPDOLSRNURYYLMND
;/6
3ULSUHPD
6SDMDQMHLVSRUXHQRJPLNURIRQD
2WSXVWLWHYLMDN]DXYULYDQMHPLNURIRQDQDWUDLOXWHXPHWQLWHPLNURIRQXKYDWDOMNX]D
PLNURIRQ
3RUDYQDMWHR]QDNXQDPLNURIRQXVR]QDNRPQDKYDWDOMFLWH]DWHJQLWHYLMDNNDNREL
YUVWRGUDRPLNURIRQQDPMHVWX
3ULNOMXLWHNDEHOPLNURIRQDX0,&SULNOMXDNQDNDPHUL
1DSRPHQD
x 3URYMHULWHGDOLMHNDPHUDLVNOMXHQDSULMHQHJRWRSULNOMXXMHWHLOLLVNOMXXMHWHNDEHOPLNURIRQD
;/6
3ULSUHPD
1DSDMDQMH;/6NDPHUH
3ULMHQHJRWRXNOMXLWHNDPHUXPRUDWHWHXSRWULMHELWLPUHQLDGDSWHUNDNRELVWH
QDSDMDOLXUH DML]]LGQHXWLQLFH
LOL
QDSXQLOLDNXPXODWRUVNXEDWHULMX
1DSRPHQH
x 0UHQLDGDSWHUSUHWYDUDVWUXMXL]]LGQHXWLQLFH 9$&+] XLVWRVPMHUQX '& VWUXMXNDNYX]DUDGNRULVWL
9DDNDPHUD
x 8NROLNRXSRWUHEOMDYDWHDGDSWHUXEOL]LQL79SULMHPQLNDPRHX]URNRYDWLVPHWQMHX79SULMHPXXGDOMLWHDGDSWHURG79
SULMHPQLNDLOLDQWHQVNRJNDEHOD
3ULNOMXLYDQMHNDPHUHQD$&XWLQLFX
8SRWULMHELWHPUHQLDGDSWHUL'&LVSUDYOMD]DQDSDMDQMHL]UDYQRL]PUHQHXWLQLFH
3ULNOMXLWH'&LVSUDYOMDQDNDPHUX
x 3RUDYQDMWHWURNXWQD'&LVSUDYOMDVOLQLMRPQDNDPHUL
x 3RPDNQLWHLVSUDYOMDSUHPDJRUHXVPMHUXVWUHOLFHGRNVHQHXYUVWLQDPMHVWX XMHVHNOLN
3ULNOMXLWH'&LVSUDYOMDQDPUHQLDGDSWHU
8NOMXLWHPUHQLDGDSWHUX]LGQXXWLQLFX
1DNRQXSRUDEHRGVSRMLWH'&LVSUDYOMD
x 'RNSRPLHWHLVSUDYOMDSUHPDGROMHSULWLVQLWHL]DGULWHWLSNX%$775(/($6(
x 8YLMHNLVNOMXLWHNDPHUXSULMHXNODQMDQMDL]YRUDQDSDMDQMD
;/6
3ULSUHPD
3XQMHQMHLVSDMDQMHDNXPXODWRUVNHEDWHULMH
,VSRUXHQDDNXPXODWRUVNDEDWHULMDMHGMHORPLQRQDSXQMHQDMRXWYRUQLFL7UHEDODELL]GUDWLGRYROMQRGXJRGDRGPDK
PRHWHSURYMHULWLGDOL9DDNDPHUDLVSUDYQRUDGL0HXWLPXNROLNRHOLWHSRPRXDNXPXODWRUVNHEDWHULMHQDSDMDWLNDPHUX
GXOMHRGQHNROLNRPLQXWDPRUDWHMHSRWSXQRQDSXQLWL
3ULNOMXLWHDNXPXODWRUVNXEDWHULMXQDPUHQLDGDSWHU
x 3RUDYQDMWHWURNXWQDEDWHULMLVOLQLMRPQDNDPHUL
x 3RPDNQLWHEDWHULMXWDNRGDVHXYUVWL XMHVHNOLN
x 3URYMHULWHGD'&LVSUDYOMDQLMHSULNOMXHQ
8NOMXLWHDGDSWHUX]LGQXXWLQLFX
x ,QGLNDWRUSXQMHQMDSRLQMHWLWUDWLFUYHQRWR]QDLGDMHSXQMHQMHXWLMHNX-HGQRVWUXNLWLWUDML]QDHGDEDWHULMDMRQLMH
SXQD'YRVWUXNLWLWUDML]QDHGDMHEDWHULMDSXQDDWURVWUXNLWLWUDML]QDHGDMHEDWHULMDSXQDYLHRG
x .DGDMHDNXPXODWRUVNDEDWHULMDSRWSXQRQDSXQMHQDLQGLNDWRUSXQMHQMDQHSUHNLGQRVYLMHWOL
6NLQLWHDNXPXODWRUVNXEDWHULMXVDGDSWHUDLSULNOMXLWHMHQDNDPHUX
x 3RUDYQDMWHWURNXWQDEDWHULMLVOLQLMRPQDNDPHUL]DWLPSRPDNQLWHEDWHULMXSUHPDJRUHXVPMHUXVWUHOLFHGRNVHQH
XYUVWLQDPMHVWX XMHVHNOLN
1DNRQXSRUDEHRGVSRMLWHDNXPXODWRUVNXEDWHULMX
x 'RNSRPLHWHEDWHULMXSUHPDGROMHSULWLVQLWHL]DGULWHWLSNX%$775(/($6(
x 3ULMHXNODQMDQMDL]YRUDQDSDMDQMDXYLMHNLVNOMXLWHNDPHUX
1DSRPHQH
x 'HWDOMQLMHLQIRUPDFLMHRXSRUDELEDWHULMDPRHWHSURQDLXSRJODYOMX1DSRPHQHRXSRUDELEDWHULMDQDVWUDQLFL 7H
QDSRPHQHXNOMXXMXLYULMHPHSXQMHQMDLVQLPDQMDWHSRVWXSDNNDNRSULNOMXLWLUH]HUYQXEDWHULMX
x 8SRUDERPGRGDWQRJ&+ GYRVWUXNRJSXQMDDGUDD]DEDWHULMHPRHWHQDSDMDWLNDPHUXSRPRXGYLMH
DNXPXODWRUVNHEDWHULMHLWDNRSURGXOMLWLYULMHPHQHSUHNLGQRJVQLPDQMD0RHWHL]PMHQMLYDWLEDWHULMHEH]SUHNLGDQDSDMDQMD
NDPNRUGHUD7DNRHU&+ PRHX]DVWRSQRSXQLWLGYLMHEDWHULMHXNROLNRMHSULNOMXHQQD]LGQXXWLQLFX
;/6
3ULSUHPD
&$ NRPSDNWQLPUHQLDGDSWHU
7HKQLNLSRGDFL
1DSDMDQMH
9$&+]
3RWURQMD
:
1D]LYQLL]OD]QLQDSRQLVQDJD
.DRDGDSWHU 9$'&
.DRSXQMD 9$'&
3RWUHEQDUDGQDWHPSHUDWXUD
&&
0MHUH
[[PP
7HLQD
J
J EULWDQVNLLKRQJNRQNLPRGHO
J DXVWUDOVNLPRGHO
7HLQDLPMHUHVXSULEOLQH
3RJUHNHLSURSXVWLVXL]X]HWL
3RGORQRSURPMHQDPDEH]SUHWKRGQHQDMDYH
;/6
3ULSUHPD
8PHWDQMHNDVHWH
8SRWUHEOMDYDMWHVDPRYLGHRNDVHWHR]QDHQH
ORJRP
8PHWDQMHLYD HQMH
3URYMHULWHGDOLVWHXPHWQXOLL]YRUQDSDMDQMD
3RPDNQLWHWLSNX(-(&7 NDNRELVWHRWSXVWLOLSRNURY
x 3ULHNDMWHQHNROLNRVHNXQGLGDVHSUHWLQDF]DNDVHWXDXWRPDWVNLRWYRUL
8PHWQLWHLOLL]YDGLWHNDVHWX
x 1MHQRXPHWQLWHNDVHWXWDNRGDSUR]RULQDNDVHWLEXGHRNUHQXWSUHPDYDQ
x ,]YDGLWHNDVHWXWDNRGDMHL]YXHWHL]SUHWLQFD
3ULWLVQLWHR]QDNX
QDSUHWLQFXGRNQHNOLNQH
9UDWLWHSRNURYQDPMHVWR
MH]DWLHQL]QDN
1DSRPHQH
x 1DNRQXPHWDQMDNDVHWHXSRWULMHELWHSUHWUDLYDQMHVQLPNH VWU NDNRELVWHSURQDOLPMHVWRQDNRMHPHOLWHRWSRHWL
VQLPDQMH
x 1HPRMWHRQHPRJXDYDWLRWYDUDQMHLOL]DWYDUDQMHSUHWLQFD]DNDVHWHGRNRQWRUDGLDXWRPDWVNLWHQHPRMWH]DWRYULMHPH
SRNXDYDWL]DWYRULWLSRNURY
x 1HPRMWHRVWDYOMDWLNDVHWXXNDPHULQDNRQXSRUDEHYUDWLWHMHXQMHQXNXWLMXLSRKUDQLWHMXQDKODGQRLVWRLVXKRPMHVWR
x 3ULMH]DWYDUDQMDYDQMVNLKYUDWDDFD]DWYRULWHXQXWDUQMD
;/6
3ULSUHPD
=DWLWDYUSFLRGVOXDMQRJEULVDQMD
.DNRELVWH]DWLWLOLVQLPNXRGVOXDMQRJEULVDQMDSRPDNQLWHJUDQLQLNQDNDVHWLWDNRGDRWNULMHWHRWYRULFUYHQXR]QDNX 7DM
SRORDMSUHNORSQLNDMHRELQRR]QDHQNDR6$9(LOL(5$6(2))
8NROLNRXPHWQHWHWDNYXNDVHWXWHQDNDPHULXNOMXLWHSDX]XVQLPDQMD VWU QDSRND]LYDXHVHWLMHNRPRWSULOLNH
VHNXQGHSRMDYLWLR]QDND7+(7$3(,66(7)25(5$685(35(9(17,21D]DWLPHSRHWLWLWUDWLR]QDNDe
2YDSRUXNDHVHWDNRHUSRMDYLWLXNROLNRSULOLNRPUDGDVYLGHRUHNRUGHURPVOXDMQRSULWLVQHWHWLSNX VQLPDQMH
8NROLNRHOLWHSRQRYQRVQLPDWLQDWDNYXNDVHWXSRVWDYLWHJUDQLQLNWDNRGDSUHNULMHRWYRULFUYHQXR]QDNX
5XNRYDQMHNDVHWDPD
x .DNRELVWH]DWLWLOLJODYHNDVHWDQDNRQYDHQMDL]NXWLMHRGPDKMXSUHEDFLWHXSUHWLQDF]DNDVHWHQHRWYDUDMWH]DWLWQL
SRNURYNDVHWHLQHGRGLUXMWHYUSFX
x 1HXSRWUHEOMDYDMWHNDVHWHLMDYUSFDMHRWHHQDLOLOLMHSOMHQDWDNYHNDVHWHPRJXRWHWLWLNDPNRUGHU
x 1HXPHLWHQLWDXPDOHRWYRUHQDNDVHWLLQHPRMWHMXSUHNULYDWLFHORIDQVNRPYUSFRP
x 2SUH]QRUXNXMWHNDVHWDPDLVSXWDQMHNDVHWDLOLL]ODJDQMHNDVHWDYDQMVNLPXGDULPDPRHX]URNRYDWLXQXWUDQMD
RWHHQMDQDYUSFL
x 6SUHPDMWHNDVHWHX]DWRRGUHHQHNXWLMHWDNRGDLKSULMHVSUHPDQMDSUHPRWDWHQDSRHWDND]DWLPLKSRVWDYLWHX
XVSUDYDQSRORDM
x .DVHWHVPHWDOQLPSULNOMXFLPDVHPRJX]DSUOMDWLWLMHNRPXSRUDEHWRPRHX]URNRYDWLVPHWQMHXSULMHQRVXLQIRUPDFLMD
=ERJWRJDQDNRQWRWDNYXYUSFXXSRWULMHELWHRNRGHVHWSXWDSRWUHEQRMHRLVWLWLPHWDOQHGLMHORYHSRPRXSDPXQRJLOL
YXQHQRJWDSLD
.DVHWQDPHPRULMD
1DRYRPNDPNRUGHUXQHPRHWHXSRWUHEOMDYDWLIXQNFLMXNDVHWQHPHPRULMH
;/6
3ULSUHPD
'UDQMHNDPHUH
3ULSUHPDQMH]DWLWQRJSRNORSFDREMHNWLYD
x 6WDYLWHXNORQLWH]DWLWQLSRNORSDFREMHNWLYDNDNRMHWR
SULND]DQRQDVOLFL
6WDYOMDQMH63MDVWXLD]DUDPH
x =DYHXXGREQRVWLNRQWUROXQDNDPHUXVSRMLWHMDVWXL
]DUDPH
x 3ULNOMXLWHDGDSWHUQDED]XNDPNRUGHUDWHSRPRX
NRYDQLFHXYUVWLWHYLMDN]DXYULYDQMH
x 8NROLNRQHXSRWUHEOMDYDWHMDVWXL]DUDPHSUHNORSLWH
JDSUHPDNDPHULGRNVHQHXYUVWLQDPMHVWX]D
VSUHPDQMH XMHVHNOLN
3RGHVLWHUHPHQ]DUXNX
x 3RGHVLWHGXOMLQXUHPHQD]DUXNXWDNRGDVODNRRP
PRHWHNRULVWLWLVWDUWVWRSWLSNXLNRQWUROX]RRPD
6SDMDQMHUHPHQD]DUDPH
x =ERJYHHVLJXUQRVWLLPRJXQRVWLQRHQMDSULMH
XSRUDEHNDPHUHVSRMLWHUHPHQ]DUDPH
x 3URYXFLWHQMHJRYHNUDMHYHNUR]LSNH]DXYULYDQMHWH
SRGHVLWHGXOMLQXNDNRMHWRSULND]DQRQDVOLFL
1DSRPHQH
x 3D]LWHGDQHRVWDYOMDWHWUDLORL]ORHQRMDNRMVXQHYRMVYMHWORVWLMHUWDNRPRHWHRWHWLWL/&' /HDWUDLOD
NRQFHQWULUDVYMHWORVW 3RGHVLWH(<(32,176(/(&7SUHNORSQLNQD)$5LOLSURPLMHQLWHNXWWUDLODNDNRELVWHJD
PDNQXOLVL]UDYQHVXQHYHVYMHWORVWL
x .DGDVSDMDWHMDVWXL]DUDPHUHPHQ]DUXNXLOLUHPHQ]DUDPHSRVWDYLWHNDPHUXQDVWROLOLGUXJXVWDELOQXSRYULQX
;/6
3ULSUHPD
8SRUDEDL]ERUQLND
2GDELUL]L]ERUQLND
=DNUHQLWHNRWDL32:(5QDQHNLRGSURJUDPD]DVQLPDQMHLOLQDYLGHRUHNRUGHU
3ULWLVQLWHWLSNX0(18GDELVWHXOLXL]ERUQLN
x 3RMDYLWHVHMHGDQRGJODYQLKL]ERUQLNDRYLVQRRSRGHHQMXNRWDLD32:(5
=DNUHQLWHNRWDL,5,66(/(&7WHSRPDNQLWHVWUHOLFXQDHOMHQLSRGL]ERUQLN
=DRGDELUSULWLVQLWHNRWDL,5,66(/(&7
x 3RMDYOMXMHVHSRGL]ERUQLN
=DNUHQLWHNRWDL,5,66(/(&7WHSRPDNQLWHVWUHOLFXQDHOMHQX]QDDMNX
=DRGDELUSULWLVQLWHNRWDL,5,66(/(&7
x 3RMDYOMXMHVHRGDEUDQD]QDDMNDLQMH]LQDSRGHHQMD
=DNUHQLWHNRWDL,5,66(/(&7WHSRPDNQLWHVWUHOLFXQDHOMHQRSRGHHQMH
=DRGDELUSULWLVQLWHNRWDL,5,66(/(&7
x =QDDMNDMHSRGHHQDLYUDDWHVHQDSRGL]ERUQLND
=DNUHQLWHNRWDL,5,66(/(&7WHVWUHOLFRPRGDEHULWH 5(7851
=DRGDELUSULWLVQLWHNRWDL,5,66(/(&7
x 9UDDWHVHXJODYQLL]ERUQLN
3ULWLVQLWHWLSNX0(18
x *ODYQLL]ERUQLNQHVWDMH
1DSRPHQH
x 3ULWLVDNQDWLSNX0(18XELORNRMHGRED]DWYDUDL]ERUQLN
x 2GDELU 5(7851RSFLMH9DVYUDDQDSUHWKRGQXUD]LQXL]ERUQLNDLOL]DWYDUDJODYQLL]ERUQLN
x 3RGHHQMDLOL]QDDMNHNRMH]ERJQHNLKGUXJLKSRGHHQMDLOLQDLQDHNVSR]LFLMHWUHQXWQRQLVXGRVWXSQHSRMDYOMXMXVHQD]DVORQX
XOMXELDVWRMERML
x 0RGDH9DPELWLMHGQRVWDYQLMHNUHWDWLVHNUR]L]ERUQLNHSRPRXEHLQRJGDOMLQVNRJXSUDYOMDD3ULWLVQLWHWLSNX0(18GDELVWH
XOLL]DOLL]L]ERUQLNDD]DWLPXPMHVWR]DNUHWDQMD,5,66(/(&7NRWDLDXSRWULMHELWHWLSNHVDVWUHOLFDPD=DRGDELUSULWLVQLWHWLSNX
(;(&87(
x 3ULWLVDNQDWLSNXVWDUWVWRSLOL3+272HDXWRPDWVNL]DWYRULWLL]ERUQLNL]DSRHWHVQLPDQMH
x ,]ERUQLNHPRHWHSULND]DWLLQD]DVORQXSULNOMXHQRJ79SULMHPQLND]DNUHWDQMHP796&5((1NRWDLDNUR]L]ERUQLNHLOLSRPRX
WLSNH216&5((1QDEHLQRPGDOMLQVNRPXSUDYOMDX=DXSXWHRSULNOMXLYDQMXQD79SULMHPQLNVWU
;/6
3ULSUHPD
3RSLVL]ERUQLND
=DGHWDOMQLMDREMDQMHQMDSRMHGLQH]QDDMNHRNUHQLWHRGJRYDUDMXXVWUDQLFX
z&$00(18
3RMDYOMXMHVHNDGDMH32:(5NRWDLSRVWDYOMHQQDUDGNDPHURP
8QXWDU&$00(18L]ERUQLNDSRVWRML SRGL]ERUQLND
3RGL]ERUQLNSRGHHQMDNDPHUH
3RGL]ERUQLNRVREQLKSRGHHQMD
3RGL]ERUQLN9&5SRGHHQMD
3RGL]ERUQLNSRGHHQMDSRND]LYDD
3RGL]ERUQLNVXVWDYD
3RGL]ERUQLNSRGHHQMDNRULVQLNLKWLSDND
=DWYDUDQMHJODYQRJL]ERUQLND
3RGL]ERUQLNSRGHHQMDNDPHUH
)LOPVNLQDLQ
HIHNW
=HEUDVWLX]RUDN
5D]LQD]HEUDVWRJX]RUND
.RQWUROD]RRPD
.RQWUROD]RRPDQDGUFL
&OHDU6FDQ
,]OD]
3RGL]ERUQLNRVREQLKSRGHHQMD
%URMSRGHHQMD
3RGHDYDQMHUD]LQHERMH
3RGHDYDQMHWHPSHUDWXUHERMH
2WULQD
5D]LQDSRGHHQMD
,]OD]
3RGL]ERUQLNSRGHHQMDYLGHRUHNRUGHUD
1DLQVQLPDQMD
1DLQUHSURGXNFLMH]YXND
2VMHWOMLYRVW$XGLRXOD]D
2VMHWOMLYRVW$XGLRXOD]D
WHGQLQDLQ
6HOIWLPHU
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,]OD]
;/6
3ULSUHPD
3RGL]ERUQLNSRGHHQMDSRND]LYDD
(9)ERMD
SULND]
79]DVORQ
9RGLNUR]LQIRUPDFLMH
,]OD]
6LVWHPVNLSRGL]ERUQLN
6HQ]RU
6LJQDOQDDUXOMLFD
! 6QLPDQMH]QDNRYD
" '9NRQWUROD
# 9UHPHQVNH]RQH/MHWQRUDXQDQMHYUHPHQD
$ 3RGHDYDQMHGDWXPDYUHPHQD
% ,]OD]
3RGL]ERUQLNNRULVQLNLKWLSDND
& 2GDELUNRULVQLNHWLSNH
' 2GDELUNRULVQLNHWLSNH
( ,]OD]
;/6
3ULSUHPD
z9&50(18
3RMDYOMXMHVHNDGDMH32:(5NRWDLSRVWDYOMHQQD9&5
8QXWDU9&50(18L]ERUQLNDSRVWRMLSRGL]ERUQLND
3RGL]ERUQLNSRGHHQMDYLGHRUHNRUGHUD
3RGL]ERUQLNSRGHHQMDSRND]LYDD
6LVWHPVNLSRGL]ERUQLN
3RGL]ERUQLNSRGHHQMDNRULVQLNLKWLSDND
=DWYDUDQMHJODYQRJL]ERUQLND
3RGL]ERUQLNSRGHHQMDYLGHRUHNRUGHUD
1DLQVQLPDQMD
,]OD]QLNDQDO
2VMHWOMLYRVW$XGLRXOD]D
2VMHWOMLYRVW$XGLRXOD]D
2GDELU0L[QDLQD
1DLQUHSURGXNFLMH]YXND
,]OD]
3RGL]ERUQLNSRGHHQMDSRND]LYDD
(9)ERMD
3RND]LYDL
$XWRPDWVNLSULND]GDWXPDXWUDMDQMXRGVHNXQGL
.RGSRGDWDND
2GDELUGDWXPDYUHPHQD
3ULND]NRULVQLNLKWLSDND
,]OD]
6LVWHPVNLSRGL]ERUQLN
6HQ]RU
,]OD]
;/6
3ULSUHPD
3RGL]ERUQLNNRULVQLNLKWLSDND
2GDELUNRULVQLNHWLSNH
2GDELUNRULVQLNHWLSNH
,]OD]
;/6
3ULSUHPD
8SRUDEDEHLQRJGDOMLQVNRJXSUDYOMDD6LJQDOQHDUXOMLFH
,VSRUXHQLGDOMLQVNLXSUDYOMDPRHXSUDYOMDWLIXQNFLMDPD
NDPHUHVXGDOMHQRVWLRGP'RNSULWLHWHWLSNHXVPMHULWH
JDSUHPDELORNRMHPVHQ]RUXQDNDPHUL
6LJQDOQHDUXOMLFHVHSDOHNDNREL9DVREDYLMHVWLOHGDVH
NDPHUDQDOD]LXGRPHWXXSUDYOMDDLGDUHDJLUDQD9DH
QDUHGEH
3RVWRMLHWLULIXQNFLMHNRMLPDVHPRHXSUDYOMDWLVDPR
SRPRXEHLQRJGDOMLQVNRJXSUDYOMDD
x 3RVHEQDUHSURGXNFLMD VWU
x =HUR6HW0HPRU\ VWU
x ,QGH[3KRWR'DWHSUHWUDJD VWU
x $XGLR0L[ VWU
8PHWDQMHEDWHULMD
8PHWQLWHGYLMH$$$EDWHULMHSD]HLQDR]QDNHSRODULWHWDL
3D]LWHGDQH]DPLMHQLWHSRODULWHWHEDWHULMD
1DSRPHQH
x 8NROLNRGDOMLQVNLXSUDYOMDXSRWUHEOMDYDWHXMDNRRVYLMHWOMHQLPSURVWRULMDPDLOLQDRWYRUHQRPGRPHWXSUDYOMDDVHPRH
VPDQMLWL
x .DPHUDPRGDQHHSUHSR]QDWLVLJQDOL]GDOMLQVNRJXSUDYOMDDXNROLNRMHRQSRVODQL]YUORYHOLNHEOL]LQH
x 1HRVWDYOMDMWHGDOMLQVNLXSUDYOMDL]ORHQL]UDYQRMVXQHYRMVYMHWORVWLLOLQDYUXLPLOLYODQLPPMHVWLPD
x .DGDVHEDWHULMHLVSUD]QH]DPLMHQLWHLKREMHLVWRYUHPHQR
x 3URYMHULWHGDOLUHPHQ]DUDPHEORNLUDVHQ]RUH
;/6
3ULSUHPD
,VNOMXLYDQMHVHQ]RUDGDOMLQVNRJXSUDYOMDD
6HQ]RULGDOMLQVNRJXSUDYOMDDVHPRJXLVNOMXLWLNDNRELVWHVSULMHLOLUHDNFLMXQDGUXJH&DQRQGDOMLQVNHXSUDYOMDHNRMLVH
XSRWUHEOMDYDMXXEOL]LQL
VWU
8 LWHXL]ERUQLNNDPHUHLOL9&5L]ERUQLNWHRGDEHULWHRSFLMX6<67(0
2GDEHULWHRSFLMX6(1625WHSRGHHQMH2))
=DWYRULWHL]ERUQLN
x 8WUDLOXVHSRMDYOMXMHR]QDND
,VNOMXLYDQMHVLJQDOQLKDUXOMLFD
6LJQDOQHDUXOMLFH9DVREDYMHWDYDMXGDNDPHUDVQLPD
0HXWLPWLWUDQMHSUHGQMHVLJQDOQHDUXOMLFHVHPRH
UHIOHNWLUDWLQDOHX]DYULMHPHVQLPDQMDL]EOL]DLOLWLMHNRP
VQLPDQMDNUR]VWDNOR
=ERJWRJDPRHWHRGOXLWLLVNOMXLWLVLJQDOQHDUXOMLFH
VWU
8 LWHXL]ERUQLNNDPHUHLRGDEHULWHRSFLMX6<67(0
2GDEHULWH7$//</$03D]DWLPSRGHHQMH2))
=DWYRULWHL]ERUQLN
x 6LJQDOQHDUXOMLFHVDGDQHHWLWUDWL]DYULMHPHVQLPDQMDDOLHVHLSDNSDOLWLNDGDNDPHUDSULPLVLJQDOVGDOMLQVNRJ
XSUDYOMDD
;/6
3ULSUHPD
3RGHDYDQMHGDWXPDLYUHPHQD
3ULND]GDWXPDLLOLYUHPHQDLQLGLRNRGDSRGDWDND0RHWHRGDEUDWLSULND]LYDQMHLOLVDNULYDQMHWLKSRGDWDND]DYULMHPH
UHSURGXNFLMH VWU
.DGSUYLSXWSRQHWHXSRWUHEOMDYDWLNDPHUXSRGHVLWHSULND]GDWXPDLYUHPHQD8PHWQLWHSULXYQXEDWHULMXSULMHQHJRWR
]DSRQHWHSRGHDYDQMH SRJOHGDMWHVWU
x 3ULMHQHJRWR]DSRQHWHSRGHDYDQMHYUHPHQDLGDWXPDXL]ERUQLNXRGDEHULWH9DXYUHPHQVNX]RQX
3RGHDYDQMHYUHPHQVNH]RQHOMHWQRJUDXQDQMDYUHPHQD
VWU
8 LWHXL]ERUQLNNDPHUHLRGDEHULWHRSFLMX6<67(0
2GDEHULWH7=21('67
x 8WUDLOXVHSULND]XMHSULND]YUHPHQVNLK]RQD
x 9UHPHQVND]RQD9DHJNDPNRUGHUDMHWYRUQLNLSRGHHQDQD3DUL]8NROLNRVHQDOD]LWHXGUXJRMYUHPHQVNRM]RQL
SUYRRGDEHULWH9DXYUHPHQVNX]RQXWHXNROLNRMHSRWUHEQRLVXVWDYOMHWQRJUDXQDQMDYUHPHQD
3RPDNQLWHVHJRUHLOLGROMHSRSRSLVXYUHPHQVNLK]RQDSRPRXNRWDLD,5,66(/(&7
2GDEHULWHRSFLMXNRMDSUHGVWDYOMD9DXYUHPHQVNX]RQX
x 8NROLNRWUHQXWQRNRULVWLWHVXVWDYOMHWQRJUDXQDQMDYUHPHQDRGDEHULWHYUHPHQVNX]RQXNRMDX]QD]LYLPDLR]QDNX
=DWYRULWHL]ERUQLN
;/6
3ULSUHPD
1DSRPHQH
x 1DNRQWRVWHRGDEUDOLYUHPHQVNX]RQXLSRGHVLOLGDWXPLYULMHPHXNROLNRSXWXMHWHXGUXJXYUHPHQVNX]RQXGRYROMQRMH
VDPRSRGHVLWLYUHPHQVNX]RQX'DWXPLYULMHPHSRGHVLWHNDPHUDDXWRPDWVNL
x .DPHUDDXWRPDWVNLUDXQDEURMGDQDXPMHVHFXLSULMHVWXSQHJRGLQH
;/6
3ULSUHPD
3RGHDYDQMHVDWD
1DNRQWRVWHSRGHVLOLGDWXPLYULMHPHWHYUHPHQVNX]RQXXNRMRMVHQDOD]LWHWLSRGDFLHVHXWUDMDQMXRGVHNXQGH
SRMDYLWLQDSRND]LYDXVYDNLSXWNDGXNOMXLWHNDPHUX
VWU
8 LWHXL]ERUQLNNDPHUHLRGDEHULWH6<67(0
2GDEHULWH'7,0(6(7
x 3ULND]JRGLQHSRLQMHWLWUDWL
=DNUHQLWHNRWDL,5,66(/(&7SUHPDJRUHLOLGROMHNDNRELVWHSRGHVLOLJRGLQX3ULWLVQLWH
NRWDLNDNRELVWHVHSRPDNQXOLQDGUXJLGLRSULND]D
x .DGDVHSRPDNQHWHVSULND]DJRGLQHSRLQMHWLWUDWLVOMHGHLGLRSULND]D
1DLVWLQDLQSRGHVLWHPMHVHFGDQVDWHLPLQXWH
.DGDVWH]DYULOLSULWLVQLWHWLSNX0(186DW]DSRLQMHVUDGRP
1DSRPHQH
x 'DELVWHSULPLMHQLOLGLRSULND]DGDWXPDLYUHPHQDXNRUDNXSULWLVQLWHNRWDL,5,66(/(&7GRNVHQHSRPDNQHWHQD
GLRSULND]DNRMLHOLWHL]PLMHQLWL=DNUHQLWHNRWDLNDNRELVWHL]YULOLL]PMHQXL]DWLP]DWYRULWHL]ERUQLN
x 0RHWHSRGHVLWLGDWXP]DJRGLQHRGGR
x 8NROLNRXVUHGSRVWXSNDSRGHDYDQMDYUHPHQDLGDWXPDSULWLVQHWHWLSNX0(18QDSXVWLWHWHL]ERUQLNDVDWH]DSRHWL
VUDGRP
x 8NROLNRQDNRQWRVWHSRGHVLOLPLQXWHSULWLVQHWHNRWDL,5,66(/(&7PRHWHL]QRYDSRGHVLWLGDWXPLYULMHPH
3ULND]GDWXPDLYUHPHQD
7LMHNRPVQLPDQMDPRHWHSULND]DWLLOLVDNULWLSULND]GDWXPDLYUHPHQD8NROLNRMHSULND]GDWXPDLYUHPHQDSRGHHQQD21
GDWXPLYULMHPHVXSULND]DQLXGRQMHPOLMHYRPNXWXSRND]LYDDDOLSULND]YUHPHQVNH]RQHQHVWDMHQDNRQRWSULOLNH
VHNXQGH7DMSULND]YUHPHQVNH]RQHXWUDMDQMXRGVHNXQGHVHYLHQHHSRMDYOMLYDWLLQHHELWLDXWRPDWVNLXPHWQXWQD
9DHVQLPNH
VWU
'DELVWHXNOMXLOLSULND]X LWHXL]ERUQLNNDPHUHLRGDEHULWH',636(783=DWLPRGDEHULWHRSFLMX'7
',63/$<LSRGHVLWHMHQD21WH]DWYRULWHL]ERUQLN
;/6
6QLPDQMH
2VQRYQRVQLPDQMH
3ULMHSRHWNDVQLPDQMD
x 3ULNOMXLWHL]YRUQDSDMDQMD VWU
x 8PHWQLWHNDVHWX VWU
x 8NORQLWH]DWLWQLSRNORSDFREMHNWLYDWHSULYUVWLWHMDVWXL]DUDPH VWU
x 3RGHVLWHWUDLOR VWU
x 2GDEHULWH]DKYDWVDVWUDQHLOLVYUKD VWU
7DNRHUPRHWHXPHWQXWLL]DPMHQVNXEDWHULMX VWU NDNRELVWHSRGHVLOLSULND]GDWXPDLYUHPHQD VWU
=DVQLPDQMH
=DNUHQLWHNRWDL32:(5QDSRORDM
x 7DNRHWHRGDEUDWLSURJUDP(DV\5HFRUGLQJ MHGQRVWDYQRVQLPDQMH 2QRRPRJXDYDMHGQRVWDYQRWUDHQMHL
VQLPDQMHEH]LNDNYLKUXQLKSRGHHQMD SRJOHGDMWHVWU
x ,QGLNDWRUXNOMXHQMDNDPHUHHSRHWLVYLMHWOLWLFUYHQRDXWUDLOXHVHSRMDYLWLR]QDND3$86(NDPHUDMHVDGDX
VWDQMXSDX]HVQLPDQMD
=DSRHWDNVQLPDQMDSULWLVQLWHWLSNXVWDUWVWRS
x 3RVWRMHGYLMHVWDUWVWRSWLSNHWDNRGDLKPRHWHODJDQRGRKYDWLWLXELORNRMHPSRORDMXGULWHNDPHUX
x 6LJQDOQDDUXOMLFDEU]RWLWUDDXWUDLOXVHSRMDYOMXMHR]QDND5(&
=DSDX]LUDQMHVQLPDQMDSRQRYQRSULWLVQLWHWLSNXVWDUWVWRS
x .DPHUDVHYUDDXVWDQMHSDX]HVQLPDQMDDXWUDLOXVHSRQRYQRSRMDYOMXMHR]QDND3$86(
x 3ULWLVNRPQDWLSNXVWDUWVWRSPRHWHQHEURMHQRSXWDSRNUHQXWLL]DWLPSDX]LUDWLVQLPDQMH
8SRUDED67$1'%<WLSNH
6YHGRNMHNRWDL32:(5SRGHHQQDQHNLRGSURJUDPD]DVQLPDQMHSRPRXWLSNH67$1'%<PRHWHXNOMXLWLLOL
LVNOMXLWLNDPHUX7DNRPRHWHQDMHGQRVWDYDQQDLQXWHGMHWLVQDJXEDWHULMHWHVSULMHLWLVOXDMQXXSRUDEXVWDUWVWRSWLSNH
3ULWLVQLWHL]DGULWH67$1'%<WLSNXNDNRELVWHXOLRGQRVQRQDSXVWLOLSULSUDYQRVWDQMHNDPHUH.DGDMHNDPHUDX
SULSUDYQRPVWDQMXXWUDLOXVHSRMDYOMXMHR]QDND(17(5,1*32:(567$1'%<
;/6
$XWRPDWVNRLVNOMXHQMHQDNRQPLQXWD
VWU
.DPHUDHVHDXWRPDWVNLLVNOMXLWLQDNRQPLQXWDXNROLNRMHRVWDYLWHXVWDQMXSDX]HVQLPDQMD89&56(783
SRGL]ERUQLNXL]ERUQLNDSRGHHQMDNDPHUHPRHWHL]DEUDWLL]PHXLVNOMXHQMDFLMHOHNDPHUH 6+872)) LOLLVNOMXHQMD
VDPRUHNRUGHUD
89&56723QDLQXPRHWHXSUDYOMDWLNDPHURPSRGHDYDWLEU]LQX]DWYDUDDLWGEH]UD]PLOMDQMDRPLQXWQRPWLPHUX
=DSRYUDWDNXVWDQMHSDX]HVQLPDQMDSULWLVQLWHNRULVQLNXWLSNX&670.(<69&56723=DSRHWDNVQLPDQMDSULWLVQLWH
WLSNXVWDUWVWRS
86+872))QDLQX LVNOMXHQDMHFLMHODNDPHUD SULWLVQLWHWLSNX67$1'%<LOLSRVWDYLWHNRWDL32:(5QD2))D]DWLP
SRQRYQRQDHOMHQLSURJUDPVQLPDQMD
9&56WRS
VWU
8NROLNRXSRGL]ERUQLNX&86720.(<6 NRULVQLNHWLSNH L]ERUQLNDSRGHHQMDNDPHUHSRGHVLWHNRULVQLNXWLSNXLOLQD
9&56723PRHWHLVNOMXLWLUHNRUGHU
3ULWLVQLWHWLSNX9&56723NDNRELVWHPRJOLPLMHQMDWLSRGHHQMDNDPHUHEH]UD]PLOMDQMDRPLQXWQRPWLPHUX
3RQRYQRSULWLVQLWHWLSNX9&56723NDNRELVWHVHYUDWLOLXVWDQMHSDX]HVQLPDQMD
.DGDVWH]DYULOLVDVQLPDQMHP
x
x
x
x
6WDYLWH]DWLWQLSRNORSDFREMHNWLYD
,]YDGLWHNDVHWX
3RGHVLWHNRWDL32:(5QD2))
2GVSRMLWHL]YRUQDSDMDQMD
1DSRPHQH
x .DNRELVWHVHXYMHULOLGDNDPHUDLVSUDYQRVQLPDSUYRQDSUDYLWHSUREQXVQLPNX
x 3ULMHVQLPDQMDYDQLKGRJDDMDRLVWLWHYLGHRJODYHSRPRX&DQRQRYH'90&/NDVHWH]DLHQMHGLJLWDOQLKYLGHR
JODYDLOLSRPRXGUXJHNRPHUFLMDOQRQDEDYOMLYHNDVHWH]DLHQMHGLJLWDOQLKYLGHRJODYD
;/6
6QLPDQMH
3URPMHQDQDLQDVQLPDQMD 63/3
.DVHWXPRHWHVQLPLWLLUHSURGXFLUDWLX63 6WDQGDUG3OD\ LOL/3 /RQJSOD\ QDLQX/3QDLQSURGXOMXMHYULMHPHVQLPDQMD
QDNDVHWL]D
9USFLNRMDMHELODVQLPOMHQDX/3QDLQXQHPRHWHGRGDYDWL]YXN VQLPDQMH]YXND LOLVOLNH $9XPHWDQMH 8NROLNR
QDPMHUDYDWHXSRWUHEOMDYDWLQHNXRGWLK]QDDMNLVQLPDMWHX63QDLQX
VWU
.DNRELVWHSURPLMHQLOL/3QDLQX LWHXL]ERUQLNSRGHHQMDNDPHUHLOL9&5L]ERUQLNWHRGDEHULWH
SRGL]ERUQLN9&56(7837DGDRGDEHULWHRSFLMX5(&02'(SRGHVLWHMHQD/3L]DWYRULWHL]ERUQLN
1DSRPHQH
x .DGDVQLPDWHLOLUHSURGXFLUDWHNDVHWHX/3QDLQXNYDOLWHWDYUSFHWHXYMHWLXSRUDEHPRJXXWMHFDWLQDNYDOLWHWXVQLPNH
PRJXVHSRMDYLWLVPHWQMHQDVOLFLLOLL]REOLHQ]YXN6WRJDXNROLNRVQLPDWHYDQHGRJDDMHNRULVWLWH63QDLQ
x 8NROLNRQDLVWRMNDVHWLVQLPDWHNRULVWHLREDQDLQDVOLNDSULUHSURGXNFLMLPRHSRVWDWLL]REOLHQDWHYUHPHQVNLNRGRYL
PRJXELWLNULYRQDSLVDQL
x 8NROLNRSRPRXRYRJNDPNRUGHUDUHSURGXFLUDWHNDVHWXNRMDMHVQLPOMHQD/3QDLQRPQDQHNRPGUXJRPXUHDMXVOLNDL
]YXNPRJXSRVWDWLL]REOLHQLLREUQXWR
8NOMXLYDQMHLVNOMXLYDQMHLQGLNDWRUDVQLPDQMD
3ULWLVNRPQDWLSNX(9)',63/$<PRHWHSURPLMHQLWL
LQGLNDWRUHXWUDLOX
,QGLNDWRUL
1DLQVQLPDQMDXYMHWLVQLPDQMD 5(&3$86(LWG
YUHPHQVNLNRGLXSR]RUHQMDGDWXPYULMHPHLWG
'DWXPYULMHPH
%H]LQGLNDWRUD
3RMDYOMXMHVHNDGDMHRSFLMD*8,'(,1)2SRGL]ERUQLND
',636(783 XL]ERUQLNXSRGHHQMDNDPHUH
SRGHHQDQD'7',63/$<
x .DGDLVNOMXLWHNDPHUXXWUDLORVHYUDDXRELDMHQL
SULND]
x ,VWRYMHWQLSRGDFLVXSULND]DQLLQD79]DVORQX ]QDDMND
796&5((1
;/6
6QLPDQMH
=XPLUDQMH ]D]RRPREMHNWLYH
2SWLNL]RRP
.RQWURODPD]RRPDPRHWHXSUDYOMDWLEH]RE]LUDQDNRMRMVWUDQLGULWHNDPHUXWHQDGUFL
=DNUHQLWHNRQWUROX]RRPDSUHPDR]QDFL:]DSULYLGQRXGDOMDYDQMHREMHNWD
=DNUHQLWHMHSUHPD7]DSULYLGQRSULEOLDYDQMHREMHNWD
7DNRHUPRHWHNRULVWLWLSUVWHQNRQWUROH]RRPD
.DNRELVWHNRQWUROLUDOLEU]LQX]XPLUDQMD SRPRX]RRPNRQWUROHQDNDPHULWHSUVWHQD]RRPDQDREMHNWLYX
x /DJDQRSRPLLWHNRQWUROX]RRPDSUVWHQNRQWUROH]RRPDNDNRELVWHSRODNR]XPLUDOL
x =DNUHQLWHMXGDOMHNDNRELVWH]XPLUDOLEUH WRGDOMH]DNUHHWHNRQWUROX]RRPDSUVWHQNRQWUROH]RRPDEU]LQD]RRP
DMHYHD
7LSNH7L:QDEHLQRPGDOMLQVNRPXSUDYOMDXLQDGUFLNDPHUHSRGHDYDMXNXWVQLPDQMDDOLQHLEU]LQX]XPLUDQMD
1DSRPHQH
x .DGDMHREMHNWLYSRVWDYOMHQXQDMLULNXWVQLPDQMDPRHWHL]RWULWLREMHNWNRMLMHVDPRFPXGDOMHQRGREMHNWLYD
x %XGXLGDUD]LQD]RRPDPLMHQMDLNXWVQLPDQMDNDGDXSRWUHEOMDYDWHYUOREU]L]RRPPRHVHGRJRGLWLGD]QDDMND
DXWRPDWVNRJL]RWUDYDQMDQHPRHSUDWLWLEU]LQX]RRPD
;/6
6QLPDQMH
[GLJLWDOQL]RRP
8NOMXLWHGLJLWDOQL]RRPNDNRELVWHXGYRVWUXLOLGRPHW]RRPD
.RQWUROH]RRPD]DGUDYDMXVYRMHXRELDMHQHIXQNFLMHNDPHUDVHDXWRPDWVNLSUHEDFXMHVRSWLNRJQDGLJLWDOQR
]XPLUDQMH
x 5H]ROXFLMDVOLNHMHQH]QDWQRVPDQMHQDNDGDXYHDYDQMHSULMHHGRPHWRSWLNRJ]RRPD
8NOMXLYDQMHGLJLWDOQRJ]RRPD
=DNUHQLWHNRWDL32:(5QDELORNRMLSURJUDPVQLPDQMD
3ULWLVQLWHWLSNX'(%$566(/(&7NDNRELVWHVHSRPLFDOLNUR]SRSLVRSFLMDXWUDLOX
GRNQHVWLJQHWHGRRSFLMH'=220
x ,QGLNDWRULWLWUDMXLL]PMHQMXMXVHSRND]XMXLGRVWXSQH
RSFLMH
x .DPHUDSULND]XMHVDPRGRVWXSQHRSFLMH
%H]LQGLNDWRUD
3ULWLVQLWHWLSNX'(%$56212))NDNRELVWHXNOMXLOLGLJLWDOQL]RRP
x 8WUDLOXRVWDMHSULND]DQDR]QDND'=220
'LJLWDOQL]RRPHRVWDWLXNOMXHQVYHGRNJDQHLVNOMXLWHSULWLVNRPQDWLSNX'(%$56
212)).DGDJDLVNOMXLWHXWUDLOXHSRHWLWLWUDWLR]QDND'=220LWDGDPRHWH
SULWLVQXWLWLSNX'(%$566(/(&7LRGDEUDWLGUXJXGLJLWDOQX]QDDMNXLOLPRHWHX
SRWSXQRVWLLVNOMXLWLVYHGLJLWDOQH]QDDMNHWDNRGDRGDEHUHWHSUD]DQSULND]XWUDLOX
1DSRPHQH
x 'RNMHGLJLWDOQL]RRPXNOMXHQQHPRHWHL]DEUDWLGUXJLGLJLWDOQLHIHNW
x 'LJLWDOQL]RRPRVWDMHXNOMXHQVYHGRNJDQHLVNOMXLWH
;/6
6QLPDQMH
8NOMXLYDQMHLVNOMXLYDQMH6XSHU5DQJHRSWLNRJVWDELOL]DWRUD
VOLNH [,6,,REMHNWLY
2SWLNLVWDELOL]DWRUVOLNHPRHXPDQMLWLSRVOMHGLFHSRPLFDQMDNDPHUHPRHWHVQLPDWLPLUQXVOLNXDNLDNRVQLPDWHL]
DXWRPRELODNRMLVHNUHH
3ULMHSRHWNDVQLPDQMDSRPDNQLWHSUHNORSQLN67$%,/,=(5NDNRELVWHXNOMXLOLLVNOMXLOLVWDELOL]DWRUVOLNH
1DSRPHQH
x 6WDELOL]DWRUVOLNHMHXPDQMXMHVDPRXPMHUHQRSRPLFDQMHNDPHUH
x .DGDMHNDPHUDSRVWDYOMHQDQDWURQRDFLVNOMXLWHVWDELOL]DWRUVOLNH
x .DGDMHNDPHUDSRGHHQDQD
(DV\5HFRUGLQJSURJUDP MHGQRVWDYQRVQLPDQMH SUHNORSQLN67$%,/,=(5QHPD
QLNDNYXIXQNFLMX
x 6WDELOL]DWRUVOLNHQHPDVYRMHXRELDMHQH]QDDMNHXNROLNRMHSULNOMXHQGRGDWQL;/[([WHQGHU
;/6
6QLPDQMH
8SRUDED1'ILOWHUD ]DRGJRYDUDMXHREMHNWLYH
=DVXQDQLKGDQDLOLNRGVQLPDQMDYUORVYLMHWOLKSUL]RUDXQDWRWRPHWRMHLULVSRVWDYOMHQQDQDMPDQMLPRJXLRWYRUVOLND
PRHELWLQHMDVQD8WLPVOXDMHYLPDXSRUDED1'ILOWHUDHULMHLWLSUREOHP
[,6,,;/]RRPREMHNWLYLPDXJUDHQL1'ILOWHU
3UHNORSQLN1'ILOWHUDQDOD]LVHQD;/REMHNWLYX
3RVWDYLWHSUHNORSQLN1'ILOWHUDXSRORDM21XNROLNRHOLWHXSRWUHEOMDYDWLILOWHU
x .DGDMH1'ILOWHUXNOMXHQQDSRND]LYDXMHVWDOQRSULND]DQDR]QDND1'
8NROLNRMHQDNDPHULSRGHHQ(DV\LOL$XWRSURJUDPVQLPDQMD MHGQRVWDYQRLOLDXWRPDWVNRVQLPDQMH D;/REMHNWLYMHSRVWDYOMHQ
8WUDLOXWLWUDR]QDND1'21GD9DVSRGVMHWLGDXNOMXLWH1'ILOWHU
8WUDLOXMHSULND]DQDR]QDND1'21L21WLWUDX]QDNGDMHSRWUHEQRSULNOMXLWLYDQMVNL1'ILOWHU
LOL9DVXSR]RUDYDGD
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