Professional Documents
Culture Documents
Bancuri 11
Bancuri 11
9HUVLXQHD9ROXPXO,,
'LPLQHDWDRILULPLWXUDGHRXSUDMLW
3UkQ]
GRXDERDEHGHPD]DUHVLRIDVROH
VkPEXUHGHSUXQD
&LQD
GHIORWDUL
0LHUFXUL
'LPLQHDWDIXOJLGHSRUXPE
3UkQ]
LQVSLUkQGQXSUHDDGkQFPLURVGHIULSWXUD
FRDMDXQXLFDUWRIPLF
OLQJXULWDGHLDXUW
RUDGHXUFDWSHWUHSWH
&LQD
-RL
'LPLQHDWDODSWHGHJUHVDWOLWUL
3UkQ]
IUXQ]DGHVSDQDF%ODWW6SLQDWPLW]ZHL)OLHJHQHLHUQ
VXFXOXQHLFLUHVH
&LQD
GHIORWDUL
9LQHUL
'LPLQHDWDOLQJXULWDGHPLHUHGHDOELQH
3UkQ]
RDVHGHSDVWUDY
FRMLGHFDUWRILILHUWHFXVDUH
DILQHSURDVSHWH
&LQD
JXUDGHDHUGHPXQWHVDXGHPDUH
6kPEDWD ]LGHSRVW
OLQJXULWDGHSHVPHW
'XPLQLFD
'LPLQHDWDJVHPLQWHGHIORDUHDVRDUHOXLVDXGRYOHDF
3UkQ]
WRFDQLWDGLQSDODULDXQHLFLXSHUFL
&LQD
VHVDUH
&HOH6$37(UHSOLFLSHFDUHQRVDOHDX]LWLQLFLRGDWDvQ'RVDUHOH;
([WUDWHUHVWUXOYRUEHVWHDJHQW0XOGHUFUHGFDYUHDVDGHDXQWHOHIRQDFDVD
6LJXUFDGDDPSXWHDVDLRPRUkPvQVFRSXOSURWHMDULLLQIRUPDWLHLSHFDUHRGHWLQGD
QDUILFDPUDGLFDO"
,DGDLMRVPDVFDDLD$67$]LFLWXFDH PRQVWUX
PODVWLQLL"3DLDVWDLQHD3HWULFDDODGHODEDFDQLDGLQVDW
%LQHDJHQW0XOGHUQHDLSULQVQHDLSULQVDFX
DVWDH6LJXUFDRVDFRRSHUDPFXYRL
6HIXYUHDVDYDYDGDLPHGLDWSHDPkQGRL+DPEXUJHUX
OXLHSRVHGDWWUHEXLHVDOH[RUFL]DWL
6LYUHDXVDYD]LFFDPILUHXVLWGDFDQXHUXDVWLDGRLGHOD)%,VDVLEDJHQDVX
%DDLVDVWLLFDPJUHVLWSkQ
ODXUPDJXYHUQX
FKLDUQHYURLDELQHOH
/XFUXULSHFDUHOHSXWHPvQYDWDGHODXQFkLQH
&kQGFHLGUDJLVRVHVFDFDVDvQWkPSLQDLYRLRV
&kQGDLLQWHUHVILDVFXOWDWRU
'DFDFLQHYDFDOFDSHWHULWRULXOWDXQHLQYLWDWDUDWDLFLQHHVWHVWDSkQXO
)LORLDO
1LFLRGDWDQXSUHWLQGHDILFHHDFHQXHVWL
'DFDFHHDFHGRUHVWLHVWHvQJURSDWVDSDSkQDJDVHVWL
'DFDFLQHYDDDYXWR]LSURDVWDILWDFXWVWDLDSURDSHVLPkQJkLHOJHQWLO
&DXWDVDILvQPLMORFXODWHQWLHLVLODVDRDPHQLLVDWHSRDWDDWLQJH
,QGLIHUHQWGHFkWHRULHVWLSXVODFROWQXWHODVDFRSOHVLWGHVHQWLPHQWXOGHYLQRYDWLHvQWRDUFHWHVLIDWLSULHWHQL
1XVDULVDPXVWLDWXQFLFkQGXQVLPSOXPkUkLWHVWHGHDMXQV
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
*KLGXOSUHJDWLULORUSHQWUXSOHFDUHDODPXQWH
3HQWUXSOHFDUHDODPXQWHvQRULFHDQRWLPSWUHEXLHVDIDFPDLPXOWHFKHVWLL
&RQYLQJSHPDPDFD
QXRVDPRDUDQLPHQLRVDQHvQWRDUFHPvQWUHJL
GHGDWDDVWDQXRVRPDLVXQH6DOYDPRQWXO
FKLDUVLSHYkUIXOPXQWHOXLQHWUHEXLHXQEDQ
WDWDHGHMDGHDFRUGFXWRDWHDVWDRDUH"!
&RQYLQJSHWDWDFD
DPDUDQMDWGHMDFXPDPDWRDWHGHWDOLLOH
PDPDQXQHDGDWQLFLXQEDQvQDIDUDGH[[[ORQJLQW
^+$+$+$+FHWHDSDOHDPWUDVVDXPLHPLRWUDJ""`
3UHJDWLUHGHSOHFDUHVLGHvQWRDUFHUH
6,08/$5($35(*$7,5,,6,08/$7258/8,'(%25'(,/&257!
FDXWDWvQWRW%XFXUHVWLXOILDUHOHGHOHFRUWVWkOSLLSLURQLLHWF
JDVLWILDUHGHFRUWODWDUDNPGHOD%XFXUHVWL"!
vQGUHSWDWILDUHGHFRUWGHODODSR]LWLDLQLWLDODx!
QXPDUDWSLURQL!
WRDWDOXPHDVHFDOPHD]DQHSXWHPGHVFXUFDVLFXGRDUSLURQL
GRDUDPPDLIDFXWRQXHSULPDGDWDQX"1X"""
FDXWDWSkQ]DGHFRUWSULQPDJD]LQHQXDFDVD
JDVLWVLFXVXWSkQ]DGHFRUW
QXPDUDWFDPHUHOHGHFRUWWUHEXLHVDILHXQDGHSHUVRDQD
WUDVODVRUWLFLQHYDGRUPLSHMRV
FDXWDWIXQLLGHVXVWLQHUH
vQQRGDWPDLPXOWHVIRULSHQWUXDFRSHULUHDGHILFLWXOXL
GHFODUDWFRUWXOGUHSWVXSXVODWRDWHSUREHOHVLJDWDGHSOHFDUH
VXSXVFRUWXOODWRDWHSUREHOH
SRWROLUHDIXULHLGH]DPDJLULL!PHPEULORUH[FXUVLHL
JRWRSR]LWLDB
vQWUHEDWPDPDGDFDSXWHPSOHFDvQKDOXODVWD
SR]LWLDBLIWDWDvQWUHDEDWKHQUDVSXQVBWDWD
$PvQWUHEDWRVLSHPDPD
1XSOHFDPQRLGHFDSXOQRVWUX
35(*$7,5($&20%867%,/8/8,/,&+,'6,62/,'+$/($/$3(17582$0(1,!
IDFXWURVWGHEDQL
LIEDQL0HJDOHLWKHQ$ERUW
PHUVSULQ6XSHU0DUNHWXULVLFXPSDUDWFHOHQHFHVDUH
DGXVODPDPDVLGDWODSUHOXFUDUH
SUHJDWLWFDVROHWHOHGHPDQFDUHQXPDUDWFDVROHWHFDSDFH
FXPSDUDWVLDFRSHULWGHILFLWXO
SUREDWvQFKLGHUHGHVFKLGHUH
UHFXPSDUDWFDSDFODFHOHFDUHQXDXUH]LVWDW
OXDWvQFDRGDWDSHDWDWFDVROHWHGHUH]HUYD
SUHJDWLWWDFkPXULQXPDUDWVLvQGUHSWDWWDFkPXUL
QXPDUDWEULFHJH
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
WUDVODVRUWLFLQHPDQkQFDFXPkQD
WUDVODVRUWLFLQHQXPDQkQFDGHORF
WUDVODVRUWLFLQHPDLGDVLPkQFDUHSHGHDVXSUD
DQXODWUH]XOWDWHOHODFHULQWDPDPHL
SUHJDWLWVHUYHWHOHVFKLPEDWHVHUYHWHOHOHFHDXIRVWIRORVLWH!RUL
FXPSDUDWVHUYHWHOHQRL
ODVDWVHUYHWHOHOHDFDVDFHQHWUHEXLHSHPXQWH"!
vPSDUWLWPkQFDUHDIUDWHVWH
IXUDWPkQFDUHKRWHVWH
PkQFDWPkQFDUHIXUDWD
GHFODUDWFDYLUJXOD!FLQHYDDIXUDWPkQFDUHD
FUHDUHVLvPSDUWLUHELOHWHWRPERODSHQWUXFkVWLJDWRUvQFD]XOPRUWLLVDXvQJKHWXOXLXQXOXLGLQWUHSDUWLFLSDQWL
FRQYLQVPDPDFDODVDPFHOSXWLQMXPDWDWHGLQOXFUXULDFDVD
GHFODUDWJDWDPkQFDUHD
FRQWLQXDWSUHJDWLUHDPkQFDULL
35(*$7,5($6,1&$5&$5($58&6$&8/8,&8+$,1(
DGXQDWVLSUHJDWLWKDLQHOHGHSOHFDUH
vQMXUDW
VSDODWWRDWHKDLQHOHPHOH
vQFHUFVDvPSDFKHWH]KDLQHOH
PRWRWROLWKDLQHOHVLvQILSWHvQUXFVDF
WUHFXWELHWXOUXFVDFSHODWRDWDOXPHDVLXPSOXW
VFRVSHQHYD]XWHFFDGLQKDLQHOHFHORUODOWL
WUDVODVRUWLFLQHGXFHUXFVDFXO
YLQRYDWXOSRDWHSODWLFFD.LOROHLVLWUDJHUHDVHPDLHIHFWXHD]DRGDWD
GXSDFHVHVWUkQJHFFD*LJDOHLPDRIHUHXVDOGXF
VFRVvQFDFFDKDLQH
UH]HUYDWSDWODVSLWDO
SUREDWUXFVDF
GDWSXPQLvQFDSGHFHPDLDJXUDSHGLQDLQWH
EDQGDMDWVLJDWDGHSOHFDUHGHFODUDWJDWDUXFVDFXO
YHULILFDWUXFVDFXOVLWLQXWHUH]XOWDWHOHVHFUHWFXSURPLVLXQHDFDGXSDFDODWRULHYRUILGDWHSXEOLFXOXL
$/7(35(*$7,5,
PHUVVLFXPSDUDWELOHWHGHWUHQ
YHQLWDFDVDVLVSXVPHPEULLORUFDVDXWHUPLQDW
HLSOkQVFFDRUHHXUkVFFDRUH
DUDWDWELOHWHOHFXPSDUDWHVLPDUWXULVLWJOXPD
HLUkVFFDRUHHXSOkQVFFDRUH
GHVSDUWLWLGHPDPDVLWDWDFXXQYHFLQPDLYRLQLF
DUKLYDWWRDWHSURJUDPHOH
SXVSDURODOD%,26
VFULVSDURODSHXQDEXFDWDKkUWLH
DUXQFDWEXFDWDGHKkUWLHSHJHDPGHFDWUHPDPD
IDFHPRUGLQHvQFDVD
XGDWIORULOH
DUXQFDWIORULOHODJXQRL
IDFXWRUGLQHvQFDPHUD
SHUIHFWLRQDWRUGLQHDvQFDPHUD
GHFODUDWRUGLQHSHUIHFWD
LQVSHFWDWPDPD
UHSHDW
UHIDFXWRUGLQHvQFDPHUD
LQVSHFWDWWDWD
LIFXWUHPXUWKHQH[LW
XQWLOWDWD VDWLVIDFXWRUWDWD VDWXUDWRUQRL ODVDWBSDJXEDVL
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
VFRVGLQSUL]DWRDWHDSDUDWHOH
UHEDJDWIULJLGHUXOvQSUL]D
RSULWFXUHQWXOGHODWDEORX
ODVDWFKHLHIDOVDODXQYHFLQVLLQVWUXLWWLPSvQGHOXQJDWGHPDPD
PHUVODvQPRUPkQWDUHDYHFLQXOXL
VXQDWOD6DOYDPRQWVLOXDWQXPHUHGHWHOHIRQ
QXPHOHWXWXURUDQJDMDWLORU
QRWDWSR]LWLDFHDPDLDSURSLDWDGHORFXOQRVWUX
vPSULHWHQLWFX3ROLWLDGLQvPSUHMXULPL
SODWLWGHMDDPHQGDOD6SDWLL9HU]LVL3URWHFWLD0HGLXOXL
$/7($&&(625,,
WUXVDPHGLFDODWUHEXLHVDFRQWLQD
ELVWXULX
GHVIDFDWRUGHFRQVHUYH
FXWLWGHYkQDWRDUH
SLVWROGHOLSLW
WUXVDGHFXVXWDFSLURQ
DWDVIRDUDIXQLHFDEOXRGJRQHWF
SHWLFPDWHULDOFkQHSD
RPHQHVF
VSDUDJDWRUGHDVIDOW
PLQLVSDUJDWRUGHDVIDOW
VXSHUVSDUJDWRUGHDVIDOWYDULDQWDPLFD
GUXMED
SLVWROSHQWUXVFXWLUHDVXIHULQWHORU
SLVWROSHQWUXDFFHQWXDUHDVXIHULQWHORU
GURJIRDUWHSXWHUQLF
GURJSXWHUQLF
GURJQXSUHDSXWHUQLF
GURJIRDUWHVODE
GURJVODE
GURJQXSUHDVODE
vQILQHWRDWHWLSXULOHGHGURJSHQWUXGDWODSDUWLFLSDQWLvQDLQWHGHXUFDUHDSHPXQWH
NJDVSLULQD
FDUXFLRUUXFVDFSHQWUXFDUDWPHPEULLFRQWUDFRVW
FDUXFLRUUXFVDFSHQWUXFDUDWPHPEULLDFFLGHQWDWLGDUWRWFRQWUDFRVW
DSDUDWSHQWUXPDVXUDUHDSXOVXOXLIDUDEDWHULL
IXQLHJURDVDUH]LVWHQWDSHQWUXPHPEULLGHFD]XWLSVLKLF
IXQLHPDLSXWLQJURDVDGDUODIHOGHUH]LVWHQWDSHQWUXFHLODOWLPHPEULL
GURSVXULPHQWRODWH
ERPERQHOH0XOWL9LWD
3DVWLOHGDOHDPDULVLVXOIXURDVH
RVWLFOXWDJRDOD
RVWLFOXWDSOLQD
RVWLFOXWDMXPDWDWHJRDODMXPDWDWHSOLQD
KkUWLHFXSUHVFULSWLLSHFDUHVFULH
:KLOHvQFDBvQBYLDWD WUXHWKHQQXBvLBGDLBQLPLF
HFKLSDPHQWGHXUFDWSHPXQWH
FXUDM
PXOWFXUDM
FRU]LURDVHGHYUHPH
FRU]LURDVHGHVRUDPHD
FRU]LQHURDVHWRWGHVRUDPHD
SLURDQHERDQWHSHQWUXFHLODOWL
SLURDQHODIHOGHERDQWHGDUSHQWUXPLQH
FKLEULWDVWDFHGUDFXFDXWDDLFL"FLQHODSXV"+(,
FDUDEH
ERFDQFLFXFROWDULvQDIDUD
ERFDQFLFXFROWDULvQDXQWUX
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
WUXVDFXOXFUXULSHUVRQDOH
EDQLLWXWXURU
SHULXWDGHKDLQH
GHGLQWL
GHFRUS
GHFH"
GHDLD
GHJHDED
GHWRW
GHXQGH"
GHRULXQGH
GHFDSVWDLDVDFXPHDLD""
SDVWDGHGLQWLVDXGHOLSLWWRWDLD
GHvQWLQVSHSkLQH
GHvQWLQVSHRULFH
GHvQWLQVSHRULFHGDUFXVDUH
VDSXQ
VDQXSXQ"
SURVRSFRUS
SURVRSFDS
SURVRSYDVH
SURVRSYDVHGDUFRORUDW
)RU[ WRGRGHBOXDWB/DSWRS[
SLRQH]HGHPDULPHFXORDUHDOEDVWUD
SLRQH]HGHPDULPHFXORDUHYHUGH
SLRQH]HGHPDULPHFXORDUHURVLH
SLRQH]H[[
ODQWHUQDIDUDEDWHULLVLEHF
EDWHULLIDUDODQWHUQDVLEHF
EHFIDUDODQWHUQDVLEDWHULL
SUH]HUYDWLYHGHIDSWFRQVHUYDQWGDUVXQDPDLELQHvQHQJOH]D
SUH]HUYDWLYHvQURPkQHVWH
OHQMHULHLQWLPD
OHQMHULHSXEOLFD
FKLORWLFXEX]XQDU
FKLORWLVLEX]XQDU
,16758,5($)$&87$'(0$0$1$,17('(3/(&$5(
1RWHQRXJKPHPRU\WRFRPSLOHWKLV
(1'
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
'DFDWUHEXLHVDUHkQFDUFLDUPDGHIRFDLvQWRWGHDXQDODvQGHPkQDPXQLWLH&KLDUGDFDvQDLQWHGHDVWDQXDLPDLDYXWQLFL
XQJORQWH
9HLVXSUDYLHWXLRULFHUD]ERLVLRULFHOXSWDDWkWDWLPSFkW18DUDWLSR]DLXELWHLVDXDVRWLHLFDUHWHDVWHDSWDDFDVD
1XWUHEXLHVDYRUEHVWLJHUPDQDSHQWUXDMXFDUROXOXQXLRILWHUJHUPDQ8QDFFHQWSXWHUQLFDMXQJHSHQWUXDVWD
'DFDXQRUDVHVWHDPHQLQWDWGHRFDWDVWURIDVDX GHXQ PRQVWUXSULPDJULMDD SULPDUXOXLHVWHRH[SR]LWLHVDXYHQLWXULOH
SURYHQLWHGLQWXULVP
7XUQXO(LIIHOSRDWHILYD]XWGHODRULFDUHIHUHDVWUDGLQ3DULV
8QEDUEDWYDvQFDVDIDUDVDFOLSHDVFDORYLWXULSXPQLSLFLRDUHVDXJORDQWHVLYDvQFHSHVDVHYDLWHGHDELDDWXQFLFkQGR
IHPHLHYDvQFHUFDVDLREORMHDVFDUDQLOH
2YLWULQDDUHVLQJXUDvQWUHEXLQWDUHDQXPHDUXQFDUHDFXLYDSULQHD
3HQWUXDSODWLXQWD[LDMXQJHVDEDJLGRXDGHJHWHvQSRUWPRQHXVLVDVFRWLREDQFQRWD$FHDVWDYDILvQWRWGHDXQDFHDEXQD
5HSURGXFHUHDHVWHSRVLELODFXRULFHILLQWDH[WUDWHUHVWUD
%XFDWDULLOHQXDXvQWUHUXSDWRDUHGHOXPLQD/XPLQDFHYLQHGLQIULJLGHUHVWHXOWUDVXILFLHQWDSHQWUXDYHGHDWRWXOFODU
QFDVHOHEkQWXLWHGHIDQWRPH IHPHLOHFDXWDVXUVD]JRPRWHORUQHRELVQXLWHvQWRWGHDXQDvQGHVXXULDSURDSHWUDQVSDUHQWH
VDXSULQFDUHSRWLYHGHDIRDUWHELQHWRWXO
&RPSXWHUHOHQXDXQLFLVLVWHPHGHRSHUDUHVLQLFLHGLWRDUHGHWH[W
0RQLWRDUHOHDUDWDGHRELFHL(QWHU3DVVZRUGVLGXSDLQWURGXFHUHDDFHVWXLDYDILWLSDULWDXWRPDWWH[WXOFDXWDW
0DPHOHJDWHVFPDLWRWWLPSXORXDFDIHOHVLDOWHPkQFDUXULLQGLIHUHQWGDFDFLQHYDOHPDQkQFDVDXQX
6HIXOSROLWLHLVXVSHQGDvQWRWGHDXQDGLQVHUYLFLSHFHOPDLEXQSROLWLVWVDXvLGDvQFDGHRUHVDWHUPLQHFD]XOODFDUH
OXFUHD]D
8QFKLEULWDMXQJHSHQWUXDOXPLQDRVDODGHPDULPHD XQHLVDOLSROLYDOHQWH8QUHIOHFWRUvQVDYDODVDvQXPEUDFROWXOvQ
FDUHVHDVFXQGHFLQHYD
7DUDQLLGLQ(YXO0HGLXDXGLQWLLSHUIHFWL
&KLDUGDFDvQVHFROXODUPHOHSRWILDVWIHOGLULMDWHVDvVLDWLQJDH[DFWWLQWDGHODRGLVWDQWDGHVXWHVDXPLLGHNLORPHWULL
DFHDVWDWHKQRORJLHHVWHFRPSOHWXLWDWDvQFKLSPLVWHULRVSkQDvQVHFROXO
2ULVLFLQHVHWUH]HVWHGLQWUXQFRVPDUYDVWDvQSDWSOLQGHWUDQVSLUDWLHVLYDUHVSLUDSUHFLSLWDW
&KLDUGDFDVWUDGDHVWHvQOLQLHGUHDSWDVRIHUXOWUHEXLHVDPLVWHYRODQXOFXSXWHUHVSUHVWkQJDVLVSUHGUHDSWD
7RDWHERPEHOHDXRPXOWLPHGHVkUPXOLWHVLOXPLQLWHURVLLSkOSkLWRDUH8QFHDVGLJLWDODUDWDvQWRWGHDXQDFkWPDLGXUHD]D
SkQDH[SORGHD]DERPED0DLWRWGHDXQDHVWHYRUEDGHILUXOURVX
QIDWDFODGLULLvQFDUHSHUVRQDMHOHILOPXOXLLQWUDH[LVWDvQWRWGHDXQDXQORFGHSDUFDUHOLEHU
3ROLWLVWLLUH]ROYDFD]XULOHODFDUHOXFUHD]DQXPDLGDFDVXQWVXVSHQGDWL
'DFDvQFHSLVDGDQVH]LSHVWUDGDWRDWDOXPHDYDvQFHSHVDGDQVH]HFXWLQHVLPDLPXOWWRWLYRUVWLLIRDUWHH[DFWSDVLLGH
GDQV
)LHFDUH ODSWRS HVWH VXILFLHQW GH SXWHUQLF SHQWUX D GLVWXUED VLVWHPHOH GH FRPXQLFDWLH H[WUDWHUHVWUD VDX SHQWUX D VSDUJH
FRGXOVHFUHWDODFHVWRUD
,QGLIHUHQWGDFDGXVPDQXOvWLHVWHVXSHULRUQXPHULFHLYRUDVWHSWDvQMXUXOWDXSHQWUXDDWDFDSHUkQG
'DFDFLQHYDSULPHVWHXQSLFLRUvQFDSVLFDGHODSDPkQWQXYDILQLFLRGDWDJUDYUDQLW$VWDvQVHDPQDFDVHSRWULYHVWHFX
VFHQDULXO
3ROLWLVWLLOXFUHD]DFXSDUWHQHULGHFDUHVHGHRVHEHVFFDVLFHUXOGHSDPkQW
6DXFXFkLQL
6WUDLQLLYRUEHVFvQWUHHLvQOLPEDDPHULFDQDFKLDUGDFDQXDXQLFLPDFDUFXQRVWLQWHOHHOHPHQWDUHGHOLPEDHQJOH]D
'DFDDLQHYRLHGHRGUXMEDYHLJDVLvQWRWGHDXQDXQD
)LHFDUH vQFXLWRDUH SRDWH IL XVRU GHVFKLVD FX R FODPD GH ELURX VDX FX XQ DF GH JDPDOLH Q DIDUD GDFD HVWH YRUED GH R
FODGLUHFDUHDUGHVLvQFDUHHVWHvQFKLVXQFRSLOFDUHVWULJDGXSDDMXWRU
8QJDUGHOHFWULILFDWVXILFLHQWGHVROLGSHQWUXDRSULXQGLQR]DXUQXYDODVDQLFLRXUPDGHYDWDPDUHXQXLFRSLOGHDQL
(PLVLXQLOHGHVWLULDXvQFXSULQVFHOSXWLQXQSXQFWFDUHWHSULYHVWHSHUVRQDO
*ORDQWHOHVHRSUHVFvQSLHSWXOOXL6XSHUPDQGDUHOVHYDDSOHFDGDFDDUXQFLFXSXVFDGXSDHO
7LSLLUDLSLHUGvQWRWGHDXQD
)HPHLOHFDUHIXJVHvPSLHGLFDvQWRWGHDXQDVLvVLOX[HD]DJOH]QD
)LHFDUHIHPHLHQHPDULWDWDPRDUHFHOWkU]LXODRRUDGXSDFHDIDFXWVH[
&DLLVXQWLPXQLODJORDQWHVDELLVDJHWLVDXVXOLWLGDUVHvPSLHGLFDGHWXILVXULvQPRPHQWHOHFHOHPDL QHSRWULYLWH'DFD
FDODUHWXOHRIHPHLHQHPDULWDWDFDUHIXJHVLFDUHDDDYXWVH[FXRRUDvQDLQWHDWXQFLHWHUPLQDWD
7RWLSUHRWLLVXQWGLQ,UODQGD
&KHOQHULWHOHYLQGLQ*HRUJLD
&KHOQHULLGLQ1HZ<RUN
$FWRULLGLQ6RDS2SHUDVVXQWGLQSDFDWHQHPXULWRUL
DVWDvQVHDPQDFDYRUPDLPXOWLEDQL
0DVLQLOHDXORFvQJDUDMH
9RFHDOXL'XPQH]HXHVWHIRDUWHMRDVDFXXQHFRXSXWHUQLF
3HQDYHOHVSDWLDOHQXH[LVWD:&XUL
(YDGDWXOVDXHPLJUDQWXOFDUHDUHRVLQJXUDQDLYDGRULQWDVSUHH[HPSOXVDYDGD6WDWXLD/LEHUWDWLLQXYDVXSUDYLHWXLQLFL
PDFDURMXPDWDWHGHRUDvQDFHOILOP
7RWLFRSLLWDOHQWDWLVDXVXSHUGRWDWLDXSDULQWLDOFRROLFLFDUHvLEDWVDXFDUHQXvLvQWHOHJ
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
QILOPHOHGHJURD]DYLFWLPHOHSHMXPDWDWHGH]EUDFDWHQXYRUJDVLQLFLRGDWDFDOHDVDOYDULLFLYRUQLPHULvQWRWGHDXQDvQ
VLQJXUDFDPHUDFDUHQXPDLRIHUDQLFLRSRVLELOLWDWHGHVFDSDUH
0DVLQLOHQXSRUQHVFQRDSWHDvQSDGXUHODFKHLH
)LHFDUH HURX FDUH YUHD VD SUHYLQD RDPHQLL GH R FDWDVWURID LPLQHQWD VH YD ORYL GH vQFDSDWkQDUHD XQXL SROLWLVW JUDV FDUH
PDQkQFD'RQXWVVDXGHXQH[SHUWFDUHQXDUHLGHHGHQLPLFD
(URXOFDUHWRFPDLYUHDVDVLVDOYH]HSLVLFDFRSLOXOVDXSULHWHQXOGLQSHULFROVLVHvQWkOQHVWHFXSHUVRQDMXOQHJDWLYQXYD
HOLEHUDQLFLRGDWDPDLvQWkLVLvQWkLSHUVRDQDDIODWDvQSHULFRO
'DFDVHDXGHXQFkQWHFvQILOPHVWHvQWRWGHDXQDvQDIDUDLPDJLQLLvPWkPSODWRUSUH]HQWDRRUFKHVWUDGHGHPX]LFLHQL
'DFDVHFkQWDXQFkQWHFGHXQJUXSPDLPDUHVDXPDLPLFGHRDPHQLSHUVRQDMHOHSULQFLSDOHFkQWDvQJUR]LWRUGHGHID]DW
IDWDGHULWPXOPHORGLHL
'XSDRFRQYRUELUHWHOHIRQLFDQXVHYDVSXQHQLFLRGDWDODUHYHGHUHFLUHFHSWRUXOYDILSXVLPHGLDWvQIXUFD
7HOHYL]RUXOYDILVWLQVLPHGLDWGXSDFHVDVSXVFKHVWLDLQWHUHVDQWDFKLDUGDFDUHSRUWHUXOSDUHVDYRUEHDVFDPDLGHSDUWH
GHVSUHDFHHDVLWHPD
2ULFHPDVLQDFkWHGHYHFKHDUHDWkWLDFDLSXWHUHvQFkWODSRUQLUHURWLOHVHYRUvQYkUWLFHOSXWLQVHFXQGHSHORF
&DXFLXFXULOHPDVLQLORUVFUkVQHVFSHRULFHDVIDOWVDXGUXPPDVLQLOHH[SORGHD]DGHRELFHLODRULFHFLRFQLUHFXFDUWRDQH
FRVXULGHJXQRLVDXFXFDPLRDQHFXSHSHQLYHU]L
0RWRFLFOHWHOHSRWVDIDFDVDOWXULGHFkWLYDPHWULvQOXQJLPHVLvQvQDOWLPHVLSRWPHUJHQXPDLSHURDWDGLQVSDWH
$ILVDXDQXIL0DQDJHU
9LGLPLQHDWDWkU]LX"(VWLH[HPSOXQHJDWLY
(VWLSXQFWXDO"$LYHQLWVDWLVSLRQH]LVXEDOWHUQLLODVRVLUH
(VWLSULHWHQRVFXVXEDOWHUQLL"9L]H]LSRSXODULWDWHLHIWLQD
(VWLUH]HUYDW"(VWLFXQDVXOSHVXV
WLODX]LVXEDOWHUQLL"(VWLOLQJXVLWRU
LFULWLFL")DFLSHQHEXQXO
)DFLFXUWHVXEDOWHUQHORU"(VWLDIHPHLDW
/HWUDWH]LFXLQGLIHUHQWD"7HFRQVLGHUDKRPRVH[XDO
7HLQWHUHVHD]DPXQFDVXEDOWHUQLORU"(VWLWXUQDWRU
1XWHLQWHUHVHD]D"1XDLKDEDUGHSUREOHPH
7LLVHGLQWH"(VWLVHGLQWRPDQ
1XWLLVHGLQWH"/XFUH]LVHFUHW
(VWLPDLvQYkUVWD"(VWLVFOHUR]DW
(VWLWkQDU"1DLH[SHULHQWD
6WDLVHDUDPDLWkU]LX")DFLSHOXFUDWRUXOVXSUDDJORPHUDW
3OHFLSXQFWXDO"1XWLGDLLQWHUHVXO
1XSOHFLvQFRQFHGLX"WLSD]HVWLVFDXQXO
7HFRQVXOWLFXFROHJLL"9UHLVDWLLWRWXOvQPkQD
6SXLEDQFXUL"(VWLQHVHULRV
1XVSXLEDQFXUL"(VWLSOLFWLVLWRU
,QVLVWLDVXSUDSURSXQHULORUWDOH"(VWLvQFDSDWkQDW
&HGH]L"(VWLPRDOH
$LVXFFHV"$LDYXWQRURF
&HYDQXPHUJHELQH"%LQHvQWHOHVHUDGHDVWHSWDW
7ULPLWLRDPHQLLODFXUVXUL"9UHLVDLvQGDWRUH]L
1XLWULPLWLODFXUVXUL"1XODVLSHDOWXOVDVHULGLFH
9LLFXLGHLQRL"(VWLIDQWDVPDJRULF
1XYLLFXLGHLQRL"(VWLUHIUDFWDUIDWDGHWRWFHLQRX
7HSUHRFXSDSUREOHPHOHILUPHL"1DLFHIDFH
1XWHSUHRFXSD"1XHVWLEXQPDQDJHU
6WDWXWXO&OXEXOXLRERVLWLORUGLQQDVWHUH
7HQDVWLRERVLWVLWUDLHVWLSHQWUXDWHRGLKQL
,XEHVWHWLSDWXOFDVLSHWLQHvQVXWL
2GLKQHVWHWH]LXDFDVDSRWLGRUPLQRDSWHD
'DFDYH]LSHXQX
FDVHRGLKQHVWHDMXWDO
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
0XQFDvQVHDPQDRERVHDOD
1XIDFHDVWD]LFHSRWLIDFHVLPkLQH
)DFkWPDLSXWLQLDUFHHDFHDLGHIDFXWIDVDIDFDDOWLL
3UHDPXOWDRGLKQDQXDRPRUkWSHQLPHQL
&kQGvWLYLQHSRIWDVDPXQFHVWLDVHD]DWHVLDVWHDSWDVDWLWUHDFD
'DFDPXQFDvQVHDPQDVDQDWDWHDWXQFLWUDLDVFDERDOD
6HUYLFLXOQXHVWHFkUFLXPDVDVWDLWRDWD]LXDvQHD
/DPXQFDWUHEXLHVDWHDVH]LvQDVDIHOvQFkWVDPDLvQFDSDVLDOWLL
5HFODPH
&LRFRODWD9HURQLFD
)DFHPLFDJDXULFD
)DFHPLFDJDXULFD
1XPDLLQWUDQLFLIXUQLFD
&LRFRODWD3RVWDYDUX
)DFHSX
DFDVLSDUX
7LQHWLPLQWHWUHLFXYLQWH
3X
DSDUX
3RVWDYDUX
&LFRODWD1LFROHWD
)DFHSX
DFDUDFKHWD
$OLILD&OHRSDWUD
)DFHVkQLLFDVLSLDWUD
7LQHWLPLQWHWUHLFXYLQWH
6kQLLSLDWUD&OHRSDWUD
9UHWLVDFXFHULWLIHPHLD
)RORVLWLVDSXQXO&KHLD
6RDUHOHVLWHQLVXO
9DQWDUHVWHSHQLVXO
0RDUWHVLJXUDFXFREUD
'DUPDLVLJXUDFX0REUD
0RWRFLFOHWD&DUSDWL
6WDWLvQFXUVLUHSDUDWL
&LRFRODWD3LWLF
9DIDFHYRLQLF
9LQXOURVXGH6HJDUFHD
)DFHSL]
DKDUFHDSDUFHD
1XPDLIXPDWLWLJDUL.HQW
&DYDODVDLPSRWHQW
9UHWLVDGHYHQLWLEDUEDWL
)XPDWLGRDUWLJDUL&DUSDWL
6LILOLVXOGH&RQVWDQWD
)DFHWHQXOFDIDLDQWD
3kQDVLPSDUDWXO1HUR
6HVSDODODFXUFX'HUR
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
&XUYHOHVLDWOHWLVPXO
9DFDOHVFFDOHVWHRUJDQLVPXO
2SULWLGULFXO
0RUWXOYUHDVDEHDXQ&LFR
8Q&LFRGDFDUEHD
0RUWX
SRDWHDUvQYLD
&LRFRODWD/DXUD
9DODUJHVWHJDXUD
3DVWDGHGLQWL&ULVWDO
)DFHGLQWLLFDGHFDO
6DSXQXO'XUX
)DFHIDWDSUHFXPFXUXO
1XPDLFXVDSXQXO'XUX'XUX'XUX
&HDPPDLEXQDSL]
DLFXUX
9DULDQWD
+DLGD'XUX'XUX'XUX
&HDPPDLEXQDSL]
DLFXUX
$TXDIUHVKvQWUHLFXORUL
&DULD]DGHWUHLRUL
'DFDEHLXQ6DSURVDQ
1RVDWHPDLFDFLXQDQ
'DFDEHL7XLFDGHSUXQD
2ULFHEDEDWLSDUHEXQD
'DFDEHLWXLFDvQWRDUVD
3X
DWLYDILQRGXURDVD
'DFDEHLWXLFDvQWRDUVD
3X
DWLYDILPDLYkQRDVD
6L0XVFDWXO2WRQHO
)DFHSX
DGHRWHO
9LQXOURVXGH-LGYHL
6FRDODSX
DFkQGQXYUHL
9LQXOURVXGH9DVOXL
)DFHSX
DFDXQFXL
2YRGFXOLWD&ULVWDO
)DFHGLQWLLFDGHFDO
9LQXOGXOFHGH&RWQDUL
9DWUDQVIRUPDQDUPDVDUL
&RQVXPXOGHEDQDQH
9DIDFHGLQIHWHGRDPQH
'XOFHDWDYHUGHGHQXFL
3XQHSL]
DSHEXWXFL
7RWGXOFDWDYHUGHGHQXFL
9DWUDQVIRUPDQHXQXFL
&XOHJHUHGHEDQFXULVLSRDQWHvQOLPEDURPkQD
9HUVLXQHD9ROXPXO,,
0kQFDWLFRMLGHPHUHYHU]L
6LRVDMXQJHWLVRPDOH]L
3URGXVHOHILUPHL.QRUU
9DIDFGLQRPWUDFWRU
7LQHWLPLQWHWUHLFXYLQWH
2PXO.QRUUX
VLWUDFWRUX
,QVHWLFLGXO.XNL
,DVLSLHOHDVLSDGXFKLL
,QIX]LDFXIORULGHWHL
9DYDVFDSDGHODWHL
9UHLVDWLVDWLVIDFLQHYDVWD
&XPSDUDWLVDOWHD5HOD[D
6XWLHQXOGH&OXM1DSRFD
)DFHWkWDFDVLURFD
'LQFDPLQXOGHFKLPLH
2VDLHLEOHQRUDJLH
QFDPLQXOPHGLFLQLL
7HSRWLIX
HFXVWUDLQLL
QFDPLQODPHGLFLQD
1LFLRIDWDQXLYLUJLQD
'DFDPHUJLODPHGLFLQD
6DWLLHLVLRSHQLFLOLQD
3DX]HOXQJLVLGHVH
&KHLDPDULORUVXFFHVH
&HL.LWH.DWSHQWUXPkWH
(VXWLHQXOSHQWUXWkWH
'XSDVH[QHEXQFX/ROD
%HDODEDUR&RFD&ROD
5HJXOLGHEXQDSXUWDUHvQWURUHODWLH
SHQWUXX]XOEDUEDWLORU
)HPHLDHVWHFHDFDUHIDFHvQWRWGHDXQDUHJXOLOH
5HJXOLOHVHSRWVFKLPEDRULFkQGIDUDQRWLILFDUHSUHDODELOD
1LFLXQEDUEDWQXSRDWHFXQRDVWHWRDWHUHJXOLOH
'DFDIHPHLDVXVSHFWHD]DFDEDUEDWXOFXQRDVWHWRDWHUHJXOLOHHDYDVFKLPEDLPHGLDWPDFDUFkWHYDGLQWUHHOH
)HPHLDQXJUHVHVWHQLFLRGDWD
'DFDIHPHLDJUHVHVWHHVWHGLQFDX]DXQHLJUDYHQHvQWHOHJHULDFDUHLFDX]DGLUHFWDHVWHFHHDFHEDUEDWXODVSXVIDFXWJUHVLW
'DFDVHDSOLFDUHJXODQXPDUXOVDVHEDUEDWXOWUHEXLHVDVHVFX]HLPHGLDWSHQWUXSURYRFDUHDQHvQWHOHJHULL
)HPHLDVHSRDWHUD]JkQGLvQRULFHPRPHQW
%DUEDWXOQLFLRGDWDQXWUHEXLHVDVHUD]JkQGHDVFDIDUDDVHQWLPHQWXOVFULVDOIHPHLL
)HPHLDDUHWRDWHGUHSWXULOHVDILHIXULRDVDVDXVXSDUDWDRULFkQG