You are on page 1of 8

7+(%/$67(5·6*8,'(

&20021)2508/$686(')25%/$67'(6,*1

%/$67'(6,*1)2508/$6

(IZVS\[L)\SR:[YLUN[O(): 
(IZVS\[L>LPNO[:[YLUN[O(>: 
(J[\HS:JHSLK+PZ[HUJL 
)HZL*OHYNL3LUN[O 
)\YKLU 
+LJR:[LTTPUN 
-VY+Y`/VSLZ
-VY>L[/VSLZ
-HJL/LPNO[ 
/VSL[V/VSL+LSH`;PTL 
3VHKPUN+LUZP[` 
4H_PT\T*OHYNL>LPNO[WLY+LSH` 
4PUPT\T+PZ[HUJL
7V^KLY-HJ[VY 
=VS\TLVM9VJR0UW\[ 
>LPNO[VM9VJR0UW\[
7YL:WSP[[PUN-VYT\SHZMVY(PY+LJRLK*OHYNLZ 
:WHJPUNVM(PY+LJRLK*OHYNLZ
>LPNO[VM(PY+LJRLK*OHYNLZ
:[LTTPUN*VS\TU3LUN[O
7YL:WSP[[PUN-VYT\SHZMVY+L*V\WSLK*OHYNLZ 
3PULHY*OHYNL>LPNO[
:WHJPUNIL[^LLU7YL:WSP[/VSLZ
7YLZZ\YL-VYT\SH 
9LSH[P]L>LPNO[:[YLUN[O9>: 
9LZPZ[HUJL-VYT\SHZ 
-VY7HYHSSL*PYJ\P[Z
-VY:LYPLZ*PYJ\P[Z
9V^[V9V^+LSH`;PTL 
:[VUL:[LTTPUN7HY[PJSL:PaL 
:WHJPUN 
0UZ[HU[
+LSH`LK
:\I+YPSSPUN 
¸:\WLYZVUPJ¹-HJL=LSVJP[` 
;VW:[LTTPUN3LUN[O 
>H[LY+PZWSHJLTLU[ 
>LPNO[VM9VJRWLY)SHZ[/VSL 
=PIYH[PVU3L]LS7YLKPJ[PVU 
7LHR7HY[PJSL=LSVJP[`7YLKPJ[PVU
:P[L:WLJPÄJ.YV\UK;YHUZTPZZPVU*VUZ[HU[
=VS\TLVM9VJRWLY)SHZ[/VSL 

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

/6> ;6 9,(+ -694<3(:

)2508/$ 1$0( %DVH&KDUJH /HQJWK )RUPXOD

-694<3(
,E        )   1
=(90()3,: HUK B<50;:D

=HYPHISLZ \ZLK PU MVYT\SH HUK YLX\PYLK \UP[Z PU =(90()3,: HUK B<50;:D


BIYHJRL[ZD 0M PUW\[ ]HYPHISLZ HYL UV[ PU YLX\PYLK
\UP[Z [OLU `V\ T\Z[ \ZL [OL \UP[ JVU]LYZPVU [HISLZ , I $ 3LUN[O VM IHZL JOHYNL VM OPNO KLUZP[`
L_WSVZP]LZ BM[D
) $ (]LYHNL I\YKLU BM[D
1 $ :\IKYPSSPUN KLW[O BM[D
$EVROXWH %XON 6WUHQJWK $%6

$FXWXDO 6FDOHG 'LVWDQFH )RUPXOD


(): ,  (>:,  K,

=(90()3,: HUK B<50;:D (J[\HS :JHSLK +PZ[HUJL

(): , $ (IZVS\[L I\SR Z[YLUN[O VM [OL L_WSVZP]L +


:+ 
BJHSJJD >
(>: , $ (IZVS\[L ^LPNO[ Z[YLUN[O VM [OL L_WSVZP]L
BJHSND
K , $ +LUZP[` VM [OL L_WSVZP]L BNJT  D 4H_PT\T *OHYNL >LPNO[ WLY +LSH`

 + 
>  
$EVROXWH :HLJKW 6WUHQJWK $:6  :+ 

4PUPT\T +PZ[HUJL
9): ,    
(>: ,  +  :+  >
K,
=(90()3,: HUK B<50;:D
=(90()3,: HUK B<50;:D

(>: ( $ (IZVS\[L ^LPNO[ Z[YLUN[O VM [OL L_WSVZP]L


:+ $ :JHSLK KPZ[HUJL MHJ[VY
BJHSND
> $ *OHYNL ^LPNO[ WLY KLSH` B SI D
9): ( $ 9LSH[P]L I\SR Z[YLUN[O VM [OL L_WSVZP]L
B(5-6 $ D + $ +PZ[HUJL BM[D
K ( $ +LUZP[` VM [OL L_WSVZP]L BNJT  D

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

%XUGHQ )RUPXOD

+ROHWR+ROH 'HOD\ 7LPH )RUPXOD


 K

)  +L     L   
 KY 
+ O[O        :
TZM[
=(90()3,: HUK B<50;:D

=(90()3,: HUK B<50;:D


) $ )\YKLU BM[D
KL $ +LUZP[` VM [OL L_WSVZP]LZ BNJT  D
KY $ +LUZP[` VM [OL YVJR BNJT  D +O[O $ +LSH` [PTL IL[^LLU OVSLZ PU H YV^ BTZD
+L $ +PHTL[LY VM M\SS` JV\WSLK L_WSVZP]L JVS\TU BPUD : $ :WHJPUN IL[^LLU OVSLZ PU H YV^ BM[D

/VSL[V/VSL +LSH` ;PTLZ [V 0TWYV]L -YHNTLU[H[PVU


'HFN 6WHPPLQJ )RUPXOD
9VJR ;`WL TZM[

:HUKZ 3VHTZ 4HYSZ HUK *VHSZ   


:VTL 3PTLZ[VULZ 9VJR :OHSL HUK ZVTL :OHSLZ   
-VY +Y` /VSLZ ;K    +
*VTWHJ[ 3PTLZ[VULZ HUK 4HYISLZ ZVTL .YHUP[LZ
HUK )HZHS[Z 8\HY[aP[L 9VJRZ HUK ZVTL .ULPZZLZ   
-VY >L[ /VSLZ ;K    + HUK .HIIYVZ

+PHIHZL +PHIHZL 7VYWO`YP[LZ *VTWHJ[ .ULPZZLZ   


=(90()3,: HUK B<50;:D HUK 4PJH :JOPZ[Z HUK 4HNUL[P[LZ

;K $ 4PUPT\T SLUN[O VM Z[VUL KLJR


JVUZPZ[PUN VM WHY[PJSLZ VM ZPaL ;Z BM[D
+ $ )SHZ[OVSL KPHTL[LY BPUD

)DFH +HLJKW )RUPXOD

/    +

=(90()3,: HUK B<50;:D

/ $ -HJL /LPNO[ BM[D 3LHKPUN\UKLYNYV\UKTPUPUN[LJOUVSVN`


+ $ )SHZ[OVSL +PHTL[LY BPUD

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

/RDGLQJ 'HQVLW\ )RUPXOD


0LQLPXP 'LVWDQFH )RUPXOD


K S    +L  K L +  :+  >

=(90()3,: HUK B<50;:D


=(90()3,: HUK B<50;:D

K S $ ,_WSVZP]LZ SVHKPUN KLUZP[` BSI M[D :+ $ :JHSLK KPZ[HUJL MHJ[VY


> $ *OHYNL ^LPNO[ WLY KLSH` BSID
+L $ +PHTL[LY VM L_WSVZP]LZ JVS\TU BPUD
+ $ +PZ[HUJL BM[D
KL $ +LUZP[` VM L_WSVZP]LZ BNJT  D

3RZGHU )DFWRU )RUPXOD

=VS\TL VM 9VJR

>L
7- 
=

=(90()3,: HUK B<50;:D

7- $ 7V^KLY MHJ[VY BSI`K  D


>L $ ;V[HS ^LPNO[ VM L_WSVZP]LZ \ZLK PU ISHZ[ BSID
3VHKPUNHISHZ[VUHUPYVUVYLYHUNL = $ ;V[HS ]VS\TL VM YVJR NLULYH[LK PU ISHZ[ B`K D

0D[LPXP &KDUJH :HLJKW SHU 'HOD\ >LPNO[ VM 9VJR

>Y
 7- 
 +  >L
>  
 :+  =(90()3,: HUK B<50;:D

=(90()3,: HUK B<50;:D


7- $ 7V^KLY MHJ[VY B[SID
:+ $ :JHSLK KPZ[HUJL MHJ[VY >Y $ ;V[HS ^LPNO[ VM YVJR NLULYH[LK PU ISHZ[ B[D
>L $ ;V[HS ^LPNO[ VM L_WSVZP]LZ \ZLK PU ISHZ[ BSID
> $ *OHYNL ^LPNO[ WLY KLSH` B SID
+ $ +PZ[HUJL BM[D

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

3UH6SOLWWLQJ )RUPXODV
3UH6SOLWWLQJ )RUPXODV IRU 'H&RXSOHG &KDUJHV
IRU $LU'HFNHG &KDUJHV
3PULHY *OHYNL >LPNO[
:WHJPUN VM (PY+LJRLK *OHYNLZ 
+
>S 

:         +
=(90()3,: HUK B<50;:D

=(90()3,: HUK B<50;:D


>S $ 3PULHY JOHYNL ^LPNO[ MVY
WYLZWSP[[PUN L_WSVZP]L BSIM[D
: $ :WHJPUN IL[^LLU HPYKLJRLK OVSLZ BM[D
+ $ +PHTL[LY VM ISHZ[OVSL BPUD
+ $ +PHTL[LY VM ISHZ[OVSL BPUD

:WHJPUN IL[^LLU 7YL:WSP[ /VSLZ


>LPNO[ VM (PY+LJRLK *OHYNLZ 
+
:

>         :  3O
=(90()3,: HUK B<50;:D

=(90()3,: HUK B<50;:D : $ :WHJPUN IL[^LLU WYLZWSP[ OVSLZ BM[D


+ $ +PHTL[LY VM ISHZ[OVSL BPUD
> $ >LPNO[ VM HPYKLJR JOHYNL BSID
: $ :WHJPUN IL[^LLU ISHZ[OVSLZ BM[D
3O $ 3LUN[O VM ISHZ[OVSL BM[D

3UHVVXUH )RUPXOD
:[LTTPUN *VS\TU 3LUN[O

;         + 7    =6+  K ,


=(90()3,: HUK B<50;:D


=(90()3,: HUK B<50;:D

; $ :[LTTPUN JVS\TU SLUN[O BM[D


7 $ 7YLZZ\YL BRIHYD
+ $ +PHTL[LY VM ISHZ[OVSL BPUD
=6+ $ =LSVJP[` VM KL[VUH[PVU VM L_WSVZP]L BM[ZLJD
K , $ +LUZP[` VM L_WSVZP]L BNJT  D

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

5HODWLYH :HLJKW 6WUHQJWK 5:6

5RZWR5RZ 'HOD\ 7LPH )RUPXOD


(>: ,
9>: , 

+Y[Y        )
=(90()3,: HUK B<50;:D TZM[

9>: , $ 9LSH[P]L ^LPNO[ Z[YLUN[O VM [OL L_WSVZP]L


=(90()3,: HUK B<50;:D
B(5-6 $ D
(>: , $ (IZVS\[L ^LPNO[ Z[YLUN[O VM
+ Y[Y $ +LSH` [PTL IL[^LLU JVUZLJ\[P]L YV^Z BTZD
[OL L_WSVZP]L BJHSND
) $ 4H_PT\T I\YKLU PU MYVU[ VM H YV^ VM OVSLZ BM[D

,MMLJ[Z VM =HYPV\Z 9V^[V9V^ +LSH`Z


5HVLVWDQFH )RUPXODV
,MMLJ[Z TZM[

=PVSLU[ L_JLZZP]L HPYISHZ[ HUK IHJRIYLHR 


-VY 7HYHSSLS *PYJ\P[Z
/PNO WPSL JSVZL [V MHJL TVKLYH[L HPYISHZ[ HUK IHJRIYLHR 
    
      (]LYHNL WPSL OLPNO[ H]LYHNL HPYISHZ[ HUK IHJRIYLHR 
9[V[HS 9 9 9 9U
:JH[[LYLK WPSL ^P[O TPUPT\T IHJRIYLHR 

-VY :LYPLZ *PYJ\P[Z


9[V[HS  9  9  9    9U
6WRQH 6WHPPLQJ 3DUWLFOH 6L]H )RUPXOD
=(90()3,: HUK B<50;:D

9[V[HS $ ;V[HS YLZPZ[HUJL VM [OL LSLJ[YPJHS JPYJ\P[ B D +


;Z 
9  9 U $ 9LZPZ[HUJL VM PUKP]PK\HS ISHZ[PUN JHWZ VY
JPYJ\P[ IYHUJOLZ B D
  

=(90()3,: HUK B<50;:D

; Z $ *SLHU JY\ZOLK Z[VUL Z[LTTPUN WHY[PJSL ZPaL BPUD


+ $ )SHZ[OVSL KPHTL[LY BPUD

)\SR[Y\JRZWYLWHYPUNMVYHUV[OLYKH`VU[OLQVI

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

6XE'ULOOLQJ )RUPXOD
6SDFLQJ )RUPXODV

1        )
/ /
0M!  0M! 
=(90()3,: HUK B<50;:D ) )

/    )
) $ )\YKLU BM[D 0UZ[HU[ :    ) :
1 $ :\IKYPSSPUN BM[D 

/    )
+LSH`LK :    ) :


=(90()3,: HUK B<50;:D

/ $ -HJL OLPNO[ BM[D


) $ )\YKLU BM[D
: $ )SHZ[OVSL ZWHJPUN BM[D

7RS 6WHPPLQJ /HQJWK )RUPXOD


0UK\Z[Y`»ZSLHKPUN+L[VUH[PUN*VYK

;          )

6XSHUVRQLF )DFH 9HORFLW\ )RUPXOD =(90()3,: HUK B<50;:D

) $ )\YKLU BM[D
: ; $ ;VW Z[LTTPUN SLUN[O BM[D
+ TPU 


=(90()3,: HUK B<50;:D

+ TPU $ 0U VYKLY [V H]VPK HPYISHZ[ MYVT Z\WLYZVUPJ


SH[LYHS MHJL ]LSVJP[` [OL KLSH` IL[^LLU OVSLZ
T\Z[ IL TVYL [OHU +TPU BTZD
: $ :WHJPUN IL[^LLU ISHZ[ OVSLZ BM[D

‹$867,132:'(5&203$1< 
7+(%/$67(5·6*8,'(
%/$67'(6,*1)2508/$6

:DWHU 'LVSODFHPHQW )RUPXOD 9LEUDWLRQ /HYHO 3UHGLFWDWLRQ )RUPXODV

3^ 3J
7LHR 7HY[PJSL =LSVJP[` 7YLKPJ[PVU
*  
 +J 
    77=  2  :+
 

+
 O
=(90()3,: HUK B<50;:D
=(90()3,: HUK B<50;:D

* $ 5\TILY VM L_WSVZP]LZ JHY[YPKNLZ YLX\PYLK 77= $ 7LHR WHY[PJSL ]LSVJP[` BPUZD


[V YPZL HIV]L Z[HUKPUN ^H[LY 2 $ .YV\UK [YHUZTPZZPVU JVUZ[HU[ B2$ PM
3 ^ $ 3LUN[O VM [OL Z[HUKPUN ^H[LY JVS\TU BM[D UV V[OLY ZLPZTPJ KH[H PZ H]HPSHISLD
3 J $ 3LUN[O VM VUL L_WSVZP]LZ JHY[YPKNL BM[D :+ $ :JHSLK KPZ[HUJL MHJ[VY
+ J $ +PHTL[LY VM L_WSVZP]LZ JHY[YPKNLZ BPUD
+ O $ +PHTL[LY VM ISHZ[OVSL BPUD
:P[L :WLJPMPJ .YV\UK ;YHUZTPZZPVU *VUZ[HU[


2  77=  :+

=(90()3,: HUK B<50;:D

2 $ .YV\UK [YHUZTPZZPVU JVUZ[HU[


77= $ 7LHR WHY[PJSL ]LSVJP[` BPUZD
:+ $ :JHSLK KPZ[HUJL MHJ[VY

/,,;;Y\JRVUKPZWSH`H[HUVWLUOV\ZLPU

9ROXPH RI 5RFN SHU %ODVW +ROH )RUPXOD


:HLJKW RI 5RFN SHU %ODVW +ROH )RUPXOD

) : /
=
>  =  KU 

=(90()3,: HUK B<50;:D =(90()3,: HUK B<50;:D

> $ >LPNO[ VM YVJR NLULYH[LK WLY ISHZ[OVSL B[D = $ )HUR ]VS\TL VM YVJR WLY ISHZ[OVSL B`K  D
= $ )HUR ]VS\TL VM YVJR NLULYH[LK ) $ )\YKLU BM[D
WLY ISHZ[OVSL B`K  D : $ :WHJPUN BM[D
K Y $ )HUR KLUZP[` VM YVJR B[`K  D / $ -HJL OLPNO[ BM[D

‹$867,132:'(5&203$1< 

You might also like