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6DQL
VVWDU,KRSH,
PULJKW
########
!%%%%%%%%"
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!%%%%%%%%"
$%+URK
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70

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
DVOH DVOH PULJ DULG SXUQ XEKD NULW YLVK

1RWPXFKRIDQLPSURYHPHQWDQGVROHW
VEODPHLWRQ.XMDZKRDVSHFWV
6DQLZKRLVRWKHUZLVHZHOOSODFHGLQKLVRZQVWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
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!%%%%%%%%"
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!%%%%%%%%"
PRRSXU
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$$$$$$$$
71

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
SDVK DULG SSKD VZDW DVOH UHYD DVZL VZDW

$SHUIHFWILJXUHRQO\,ZLVKWKHUHZDVDSHUIHFWDQVZHUZK\LWLVVR,V
6DQL
VSODFHPHQWLQ%XGKD
VVWDUUHVSRQVLEOH"1RWH&KDQGUD
VDVSHFWRQ
%XGKD
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
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!%%%%%%%%"
$$$$$$$$
72

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
NULW DULG SXVK SXUQ PDNK DVZL UHYD KDVW

6DQLLVLQ.HWX
VVWDUDQG.HWXLVLQ&KDQGUD
VVWDUDVSHFWHGE\%XGKD
0D\EHWKHVKRUWIDOOZDVFUHDWHGE\6DQL
VQHHFKDWYD"
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
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!%%%%%%%%"
MH\SXV
!%%%%%%%%"
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!%%%%%%%%"
$$$$$$$$
73

\HDU

FK
EX
VN
NX
JX
VD
UD
NH
XSKD SXUQ URKL DQXU XSKD EKDU SEKD XSKD

7KLVLVIXQQ\6DQLLQ6XNUD
VVWDUDVSHFWHGE\.XMDJLYLQJDOPRVWJRRG
UDLQV0D\EHWKLVKDVEHHQFDXVHGE\WKHSUHVHQFHRI6XNUDLQ&KDQGUD
V
VWDUZKLOH&KDQGUDLVZLWK*XUX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
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!%%%%%%%%"
$$$$$$$$
74

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
VUDY DVOH SSKD SXVK FKLW NULW VDWD PDNK

7KHILJXUHORRNVQLFHDQGDPHUHJODQFHDWWKHFKDUWWHOOVXVZK\6DQLLV
DVSHFWHGE\&KDQGUDZKRLVVWUHQJWKHQHGEHFDXVHKHRFFXSLHVKLVRZQ
VWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
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!%%%%%%%%"
$$$$$$$$
75

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
DULG DVOH SXUQ GKDQ YLVK URKL VUDY DVOH

2QFHDJDLQWKHDQVZHULVULJKWEHIRUHRXUH\HVZKLOH6DQLLVXQDVSHFWHG
KHLVLQ&KDQGUD
VVWDUDQGWKLVLVPRUHWKDQVXIILFLHQWWRHQVXUHUDLQV
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
76

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
YLVK DVOH PULJ DVOH PRRO URKL XDVK SXUQ

$VXUSULVLQJGURSIURPODVW\HDUFRQVLGHULQJWKDW6DQLLVVWLOOLQ5RKLQL
%XW&KDQGUDLVLQ*XUX
VVWDUZKLOH*XUXLVDVSHFWHGE\.HWXZKLOHLQ
.HWX
VVWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
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!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
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!%%%%%%%%"
$$$$$$$$
77

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
SEKD SXVK PDNK UHYD VUDY PULJ SDVK DULG

%HIRUHZHFODSRXUKDQGVLQJOHHOHW
VQRWHWKDW6DQLLVLQ.XMD
VVWDU
DVSHFWHGE\.XMD7KHGHVWUXFWLYHSRWHQWLDORIWKHUDLQVWKLV\HDUZRXOG
KDYHEHHQKLJK
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
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!%%%%%%%%"
$$$$$$$$
78

\HDU FK
EX
VN
NX
JX
VD
UD
NH
SXVK DULG PULJ PDNK SEKD DULG MH\V PULJ

7KHFRQMXQFWLRQZLWK%XGKDGRHVQ
WVHHPWRKDYHKHOSHGPDWWHUVPXFK
2QHUHDVRQLVSUREDEO\EHFDXVHWKH\DUHERWKLQWKHVWDURI5DKX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
79

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
PRRO SXUQ SSKD EKDU DVZL SXUQ DQXU NULW

$VZLWKWKHSUHYLRXV\HDU6DQLLVVWLOOZLWK%XGKDKRZHYHUWKHSUHVHQFH
RI*XUX
VVWDUDQGWKHDVSHFWRI&KDQGUDKDYHSXVKHGXSUDLQIDOOE\RYHU
SHUFHQW
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
80

\HDU

FK
EX
VN
NX
JX
VD
UD
NH
DVZL SXVK SXVK SSKD NULW SXVK VZDW EKDU

6DQLLVDIIHFWHGE\DWRWDORIIRXUJUDKDVEXWWKHHYLOLPSDFWKDVEHHQ
PLQLPL]HGEHFDXVH6DQLLVLQKLVRZQVWDU7KHFRQMXQFWLRQZLWK%XGKDWRR
PD\KDYHSOD\HGDQLPSRUWDQWUROH
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
81

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
SSKD DVOH URKL NULW PULJ DVOH FKLW UHYD

6DQLLVSODFHGLQ%XGKD
VVWDUDORQJZLWK%XGKDDQGWKLVDORQHKDVJLYHQ
TXLWHDKLJKDPRXQWRIUDLQ6LQFHWKHUHLVQRPDOHILFDVSHFWGHVWUXFWLRQ
ZRXOGKDYHEHHQORZ
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
82

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
XDVK PDNK SSKD XSKD SXUQ PDNK XSKD XEKD

2QFHDJDLQ6DQLLVZLWK%XGKDXQDIIHFWHGE\DQ\RWKHUJUDKDKRZHYHU
WKHIDFWWKDWWKH\DUHLQ.HWX
VVWDUKDVUHGXFHGUDLQIDOODOLWWOH
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
83

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
PULJ DVOH SXUQ PULJ DVOH SSKD SSKD VDWD

7KHSRRUUDLQVDUHQRWVXUSULVLQJ6DQLLVLQ6XNUD
VVWDUFRQMXQFW5DKX
DQGDVSHFWHGE\6XU\D1RQHRIWKHVHIDFWRUVDUHFRQGXFLYHWRJRRG
UDLQV
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
84

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
FKLW SXUQ PULJ KDVW SSKD XSKD DVOH GKDQ

7KRXJK6DQLRFFXSLHV6XU\D
VVWDUWKHDVSHFWRI%XGKDZKRLVSODFHGLQ
*XUX
VVWDUKDVEHHQVXIILFLHQWWRHQVXUHPXFKKLJKHUUDLQVDVFRPSDUHG
ZLWKWKHSUHYLRXV\HDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
85

\HDU

FK
EX
VN
NX
JX
VD
UD
NH
VDWD DULG PDNK DULG KDVW KDVW SXVK XDVK

7KRXJK.XMDDVSHFWV6DQLWKHFRQMXQFWLRQZLWK*XUXDQGWKHDVSHFWRI
%XGKDKDYHRYHUFRPHDOOLOOVWKHUHE\HQVXULQJWKDWUDLQIDOOZDVTXLWHKLJK
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
86

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
SXUQ SXUQ PULJ FKLW VZDW KDVW DULG SDVK

7KHUHKDVEHHQDFRQVLGHUDEOHIDOODVFRPSDUHGWRODVW\HDUHYHQWKRXJK
6DQLLVLQ&KDQGUD
VVWDUDQGWKLVKDVEHHQFDXVHGE\WKHDVSHFWRI5DKX
DQG.HWX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
87

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
MH\V SXVK PDNK SXUQ DQXU FKLW PULJ PRRO

7KRXJK6DQLLVDJDLQDVSHFWHGE\5DKXDQG.HWXKHLVQRZLQ.XMD
VVWDU
ZKLOH.XMDKLPVHOIRFFXSLHV*XUX
VVWDU6WLOOWKLVZRXOGKDYHEHHQD
SDLQIXO\HDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
88

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
UHYD DVOH SXVK YLVK PRRO VZDW URKL DQXU

6DQLLVLQ5DKX
VVWDUDVSHFWHGE\5DKXZKLOH5DKXLVLQDVWDURI
&KDQGUD*XUX
VDVSHFWRQ&KDQGUDZRXOGKDYHKDGDPRGHUDWLQJHIIHFWRQ
WKHHIIHFWRIWKHUDLQV
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
89

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
DVOH DVOH URKL SXUQ VUDY YLVK EKDU YLVK

6DQL
VFRQMXQFWLRQZLWK.HWXVKRXOGKDYHORZHUHGWKHILJXUHHYHQPRUH
EXWWKDQNIXOO\VWDUORUG*XUXLVLQ&KDQGUD
VVWDUZKLOH&KDQGUDLV
FRQMXQFW%XGKDLQ%XGKD
VVWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
90

\HDU FK
EX
VN
NX
JX
VD
UD
NH
PRRO SXVK SSKD SDVK SEKD DQXU DVZL FKLW

7KHUHLVDEVROXWHO\QRLQIOXHQFHRQ6DQLHLWKHUE\DVSHFWRUE\VWDU
ORUGVKLSEXWKHKDVVWLOOGRQHVXUSULVLQJO\ZHOO
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
91

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
URKL DULG SXUQ SXVK DVZL MH\V XEKD KDVW

6DQLLQ%XGKD
VVWDUDVSHFWHGE\*XUXLVFDSDEOHRIJLYLQJPXFKPRUH
EXW%XGKDLVLQ5DKX
VVWDUDIIOLFWHGE\ERWK5DKXDQG.HWX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
92

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
KDVW DULG PULJ XEKD NULW PRRO SEKD SSKD

6DQLLVXQDVSHFWHGDQGLVLQ.HWX
VVWDUZKLOH.HWXRFFXSLHV6XNUD
VVWDU
7KHRQO\SRVVLELOLW\IRUWKHJRRGUDLQVLVWKHDVSHFWRI6XU\DRQ.HWX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
93

\HDU FK
EX
VN
NX
JX
VD
UD
NH
VUDY SXVK PDNK DVOH PULJ SDVK GKDQ PDNK

6DQLLQWKHVWDURI6XNUDKDVGHOLYHUHGORZHUUDLQV7KRXJK6XNUDLV
DVSHFWHGE\&KDQGUDKHLVDOVRFRQMXQFW.HWXLQ.HWX
VVWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
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DQXDVO
!%%%%%%%%"
$$$$$$$$
94

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
DULG DVOH DULG DVZL SXUQ XDVK VUDY SXVK

6DQLLQ6XU\D
VVWDUVHHPVWRKDYHGRQHTXLWHZHOOEXWVLQFHERWKDUH
PDOHILFVWKHDGYDQWDJHIRUWKHSHRSOHLVDOLWWOHGRXEWIXO
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
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DQXDVO
!%%%%%%%%"
$$$$$$$$
95

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
YLVK PDNK PDNK PDNK DVOH VUDY SDVK SXUQ

6DQLLQ&KDQGUD
VVWDUFDQGREHWWHUEXWWKHDVSHFWRI.XMDDQG6XNUD
VHHPWRKDYHDFWHGDJDLQVWKLP)RUWXQDWHO\%XGKDDOVRDVSHFWV6DQLDQG
*XUXDVSHFWV%XGKD
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
96

\HDU FK
EX
VN
NX
JX
VD
UD
NH
SEKD DVOH SXVK NULW SSKD VUDY PRRO PULJ

6DQLKDVVWD\HGLQWKHVDPHVWDUDVLQWKHSUHYLRXV\HDUDQGOLNHZLWK
WKHODVW\HDU.XMDDJDLQDVSHFWV6DQLORZHULQJWKHFDSDFLW\WRSURGXFH
JRRGUDLQV
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
97

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
SXVK SXUQ URKL SSKD KDVW GKDQ MH\V URKL

&RQVLGHULQJWKDW6DQLLVLQ.XMD
VVWDUKHKDVGRQHTXLWHZHOOHVSHFLDOO\
VLQFH.XMDUHFHLYHVWKHDVSHFWRI&KDQGUDZKLOH.XMD
VVWDUORUGLVLQ
&KDQGUD
VVWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
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PRRSXU
!%%%%%%%%"
MH\SXV
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$$$$$$$$
98

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
PRRO DULG SSKD URKL VZDW VDWD YLVK NULW

7KHSRZHURI*XUXLVYHU\HYLGHQWLQWKLVFKDUWKLVDVSHFWRQ6DQLSODFHG
LQ5DKX
VVWDUXQGHUWKHDVSHFWRI6XU\DKDVVWLOOSURGXFHGJRRGUDLQV
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
!%%%%%%%%"
PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
99

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
EKDU SXUQ SXUQ XSKD DQXU SEKD VZDW DVZL

6XNUD
VDVSHFWVUHGXFHUDLQIDOOEXW6DQLLVLQ*XUX
VVWDUDQGLVDOVR
DVSHFWHGE\%XGKDZKRLVDOVRSODFHGLQ*XUX
VVWDU0DUNWKHDVSHFWRI
&KDQGUDRQ*XUX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
SDVDUL
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PRRSXU
!%%%%%%%%"
MH\SXV
!%%%%%%%%"
DQXDVO
!%%%%%%%%"
$$$$$$$$
100

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
SSKD SXVK URKL PULJ SDVK XEKD KDVW UHYD

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VJODQFHEXWKHGHULYHVVWUHQJWKEHFDXVHKHLV
LQRZQVWDUDQGDOVREHFDXVHRIWKHDVSHFWRI*XUX
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
!%%%%%%%%"
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MH\SXV
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$$$$$$$$
101

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
XDVK DVOH PDNK KDVW GKDQ UHYD XSKD SEKD

5DKX
VDVSHFWRQ6DQLFRXOGKDYHSURGXFHGHYLOHIIHFWVKRZHYHU6DQLLQ
%XGKD
VVWDUZKLOH%XGKDRFFXSLHVRZQVWDUPD\KDYHUHGXFHGWKH
LQWHQVLW\DOLWWOH
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
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PRRSXU
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MH\SXV
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!%%%%%%%%"
$$$$$$$$
102

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
PULJ PDNK DULG DULG XEKD DVZL PDNK VDWD

+RZGLG6DQLLQ.HWX
VVWDUSURYHVRJHQHURXV",VLWEHFDXVH.HWX
RFFXSLHV5DKX
VVWDUZKLOH5DKXLVFRQMXQFW%XGKD"+RZHYHURQHZRQGHUV
LIWKHUDLQVZHUHNLQGWRWKHSHRSOH
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
!%%%%%%%%"
XDVPUL
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PRRSXU
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MH\SXV
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$$$$$$$$
103

\HDU
FK
EX
VN
NX
JX
VD
UD
NH
VZDW SXVK PDNK VZDW DVZL EKDU DVOH VUDY

6DQLLQ6XNUD
VVWDUDVSHFWHGE\6XNUDQHHGQRWGRZHOOEXW6XNUDLV
DVSHFWHGE\.HWXLQ.HWX
VVWDUZKLOH.HWXRFFXSLHV&KDQGUD
VVWDU
########
!%%%%%%%%"
VUDNUL
!%%%%%%%%"
$%+URK
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XDVPUL
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MH\SXV
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$$$$$$$$
104

\HDU
FK
EX
VN
NX
JX
VD
UD
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