You are on page 1of 126

.

Leopold Tyrmand
.
Cywilizacja komunizmu
.

.
-DNXERZLL0DULL/HZLW²XNWyU\FKXF]\áHPVLĊSUDZGSURVW\FK
.
Ä0\ĞOMHVWSHáQąJRGQRĞFLąF]áRZLHNDVWąGGąĪHQLHDE\P\ĞOHüGREU]H²RWRMHG\QDPRUDOQRĞü´
%ODLVH3DVFDOÄ3HQVpHV´
.

DTP by SHADE 1
Instrukcje
:VWĊS
-DNVLĊXURG]Lü
-DNSU]HĪ\üV]SLWDOSRáyĪP\LĪáREHNGODPDOXFKyZ
-DNE\üG]LHFNLHP
-DNFKRG]LüGRV]NRá\
&RURELüSRV]NROH
-DNSU]HMĞüSU]H]XQLZHUV\WHWQLHVWUDFLZV]\ZLDU\ZĪ\FLH
-DNNRU]\VWDü]Z\QDOD]NXWHOHIRQX
-DNSRVáXJLZDüVLĊSRF]Wą
-DNE\üNRELHWą
'ODF]HJRSDVWDGR]ĊEyZQLHF]\ĞFL
&RWRMHVWVSyáG]LHOQLDSUDF\
&RWRMHVWLQLFMDW\ZDSU\ZDWQD
-DNF]\WDüQDSLV\ZPLHMVFDFKSXEOLF]Q\FK
-DNSU]HFLZVWDZLDüVLĊ
 D ZPáRG\PZLHNX
 E :ZLHNXGRMU]Dá\P
&RWRMHVWSODQ
-DNNXSRZDü
-DNE\üRV]XNLZDQ\PSU]H]SDĔVWZR
&RWRMHVWSUDFDVSRáHF]QD
2PHWDIL]\FHLHW\FHQDFRG]LHĔ
.RPXQL]P²KLWOHU\]P²NUyWNLHVWXGLXPNRPSDUDW\ZQH
&RWR]QDF]\FKFLHüGREU]H
-DNNRFKDü
&RWRMHVWXU]ąG
-DNE\üSOD\ER\HP
3ROLFMDF]\OLVXPLHQLH
&RWRMHVWNRPLVMD
&RWRMHVWSDV]SRUW]DJUDQLF]Q\
-DNE\üĪ\GHP
1RZDJyUDVSRáHF]QDLMHMGROFHYLWD
&]HPXVáXĪ\VSRUW
.XOWXUD²F]\OLQLHZLDUDGRVNRQDáD
&RWRMHVWUHZL]MRQL]P
$PHU\ND²F]\OLNáDPVWZRWRWDOQH
&RWRMHVWVáRZR
-DNXPU]Hü
=DNRĔF]HQLH

DTP by SHADE 2
.
:VWĊS
.
7DNVLąĪNDQLHPDSUHWHQVMLQDXNRZ\FKDQLSXEOLF\VW\F]Q\FKDQLG]LHQQLNDUVNLFK
0DSUHWHQVMHOLWHUDFNLH0LPRWRQLHMHVWDQLEHOHWU\VW\NąDQLOLWHUDFNLPHVHMHP-HVWRQD
SDPIOHWHP QD NRPXQL]P ]DPLHU]RQ\P SU]HMDVNUDZLHQLHP LVWQLHMąFHM U]HF]\ZLVWRĞFL
8ZDĪDPNRPXQL]P]DQDMJRUV]ąSODJĊMDNDVSRWNDáDOXG]NRĞüLĪ\ZLĊJáĊERNąQDG]LH-
MĊ ĪH NVLąĪND WD RG]ZLHUFLHGOD PRMH XF]XFLD Z RGSRZLHGQLP VWRSQLX &]\ ]QDF]\ WR
ĪHSDPIOHWZ\NU]\ZLDSUDZGĊ"$QLWURFKĊ.RPXQL]PMHVW]MDZLVNLHPZREHFNWyUHJR
RELHNW\ZL]PMDNRPHWRGDZ\MDĞQLDMąFDMHVWĞPLHV]Q\ZVZHMQLHSRUDGQRĞFL8ZDĪDP
ĪHSDPIOHWMHVWMHG\Qą²SU]\QDMPQLHMQDUD]LH²PHWRGąSUDZLGáRZHJRZ\MDĞQLDQLD
NRPXQL]PX0RLP]GDQLHPNVLąĪNDPRMDMHVWSUDZG]LZV]DRGVHWHNRELHNW\ZQ\FKUR]-
SUDZLSHZQ\MHVWHPĪHPLOLRQ\OXG]L]JRG]ąVLĊ]HPQą
&]\PRĪQDRELHNW\ZQLHZ\MDĞQLüV\VWHPSUDZQ\ZNWyU\PRVNDUĪ\FLHOPD]DZV]H
UDFMĊ"&]\PRĪQDRELHNW\ZQLHUR]SUDZLDüRSV\FKRORJLLNWyUHMNDPLHQLHPZĊJLHOQ\P
MHVW SRMĊFLH ĞZLDGRPRĞFL NODVRZHM FR Z SUDNW\FH ]QDF]\ ĪH MHĞOL NWRĞ ND]Dá NRJRĞ
UR]VWU]HODüEH]VDGXWRZ\ND]DáLQVW\QNWNODVRZ\"&]\PRĪQDRELHNW\ZQLHRSLVDüLQ-
VW\WXFMĊSROLFMLSROLW\F]QHMNWyUHMUDFMąLVWQLHQLDMHVWVWZDU]DQLHSU]HVWĊSFyZRLOHLFK
QLHPDZLVWQLHMąFHMU]HF]\ZLVWRĞFL"&]\PRĪQDRELHNW\ZQLHSLVDüRVSRáHF]HĔVWZDFK
ZNWyU\FKSLMDĔVWZRMHVWMHG\Q\PHSLNXUHL]PHPLSU]HMDZHPKXPDQL]PX"&]\PRĪQD
RELHNW\ZQLHEDGDüHNRQRPLĊNWyUDEUDNFKOHEDWáXPDF]\RNROLF]QRĞFLąĪH]NDĪG\P
URNLHP ZLĊFHM OXG]L MH FKOHE" &]\ PRĪQD RELHNW\ZQLH EDGDü PRUDOQRĞü OXG]L NWyU]\
Z NRPXQL]PLH URELą NDULHU\ QD WURSLHQLX L NRQILVNRZDQLX QDMPQLHMV]\FK SU]HMDZyZ
ZROQHMP\ĞOLZ/RQG\QLH]DĞ3DU\ĪXL:DV]\QJWRQLHZ\JáDV]DMąSU]HPyZLHQLDRVZHM
ZDOFH R ZROQRĞü L QLHSRGOHJáRĞü OXG]NLHJR GXFKD ² L NWyU\P LFK ]DFKRGQL VáXFKDF]H
ZLHU]ąZWRFRPyZLą"
&]\WDMąFWĊNVLąĪNĊZLHOXSRZLHĪHSU]HU\VRZXMĊ]QLHNV]WDáFDPSRSDGDPZJUR-
WHVNĊLRSHUXMĊHIHNWHPVXUUHDOLVW\F]Q\P&K\EDWDN$OHGRWáXPDF]HQLDNRPXQL]PX
UHDOL]PMHVWWDNSU]\GDWQ\MDNURZHUGRORWXQDNVLĊĪ\F:GHPRNUDFMDFKEUDNMHVWV\V-
WHPXRGQLHVLHQLDGODW\OX]MDZLVNVWDQRZLąF\FKFRG]LHQQRĞüNRPXQL]PXĪHPyZLHQLH
RDGHNZDWQRĞFLSURFHVyZVSRáHF]Q\FKF]\RQWRORJLF]Q\FKWDNPRGQHQD=DFKRG]LH
MHVW ]Z\Ná\P EHáNRWHP LQWHOHNWXDOQ\P Z XV]DFK OXG]L SRG NRPXQL]PHP 0QyVWZR
]WHJRFRZ\GDVLĊZLHOXQLHSUDZGRSRGREQHZWHMNVLąĪFHSá\QLH]IDNWXĪHVWDUDP
VLĊPyZLüRU]HF]DFKRNWyU\FKQLHZLHVLĊQD=DFKRG]LHDOERQLFDOEREDUG]RQLHZLHOH
SRPLMDP]DĞWRRF]\PVLĊMXĪREILFLHPyZLáRLSLVDáR7DNĪHPRMHLQWHUSUHWDFMHVąLQ-
WHUSUHWDFMDPLF]áRZLHNDVWDPWąGFROXG]LRPWXWDMF]ĊVWRPRĪHVLĊZ\GDüGHIRUPDFMą
LUUDFMRQDOL]PHPL SU]HVDGą/HF]OXG]LH WDPSU]HZDĪQLHWDNZLG]ą U]HF]\LWRZLHG]ą
RU]HF]DFK3LVDQLHRW\FKNWyU]\ZLHU]ąĪHNRPXQL]PMHVWMHG\QąSHUVSHNW\ZąGREUD
VSUDZLHGOLZRĞFL L VWUXNWXUDOQHJR VHQVX L Z LPLĊ WHM ZLDU\ HJ]HNZXMą ZáDG]Ċ RSDUWą
RQLHVá\FKDQHRNUXFLHĔVWZDGRV]F]ĊWQąGHVWUXNFMĊMHGQRVWNLOXG]NLHML]XSHáQąSRJDU-
GĊGODUDFMRQDOL]PX²]QDWXU\U]HF]\QLHZLHOHPDZVSyOQHJR]ORJLNą0RMąDPELFMą
SLV]ąFWĊNVLąĪNĊE\áRSRV]XNLZDQLHMDNLHJRĞV]NLHOHWXSUDZG\MDNLHJRĞRGQDOH]LHQLD
VWUXNWXU\U]HF]\ZLVWRĞFLSRG]áRĪRQRĞFLąSU]HMDZyZĪ\FLD:W\PFHOXWU]HEDE\áRXVX-
QąüZLHOH]WHJRFRĪ\FLHNXPXOXMHLFR]DPĊWQLDSU]HMU]\VWRĞüVFKHPDWX:\GDMHPL
VLĊWDNĪHĪH]PLDQ\]DFKRG]ąFHZREUD]LHNRPXQLVW\F]QHJRĞZLDWDD]DFKRG]ąRQHQD
SHZQRLZVSRVyEZLGRF]Q\GRW\F]ąZáDĞFLZLHW\ONRRZHM]HZQĊWU]QHMRUQDPHQWDFML
VNXPXORZDQHM SU]H] SUDNW\NĊ QD VDPHM SRZLHU]FKQL ]MDZLVND 6DP VFKHPDW L SLHU-
ZLDVWNRZD]DVDGDQDNWyUHMqSXUVHPXRYHSR]RVWDMąFLąJOHWHVDPH
/XG]LHQLHĪ\MąF\ZNRPXQL]PLHQLHSRMPXMąGODF]HJRWDPPyZLVLĊÄ]XSDZNR-
PXQL]PLH´ÄNRPXQLVW\F]Q\ELODUG´SLVDU]ZNRPXQL]PLH´ÄNRPXQLVW\F]QHSRPLGRU\´
8Ī\ZDVLĊWDPWDNĪHQDFRG]LHĔ]ZURWXÄRQL´NWyU\R]QDF]DNRPXQLVWyZ]DUyZQRU]ą-
G]ąF\FKMDNUyZQLHĪW\ONROXG]LZ\]QDMąF\FKNRPXQL]PMDNRĞZLDWRSRJOąG%\üPRĪH
ĪHF]\WHOQLNWHMNVLąĪNLEĊG]LHPLDá]SRF]ąWNXWUXGQRĞFL]RF]\ZLVWąDQWURSRPRUIL]DFMą
DTP by SHADE 3
WHUPLQXÄNRPXQL]P´$OHWDPZáDĞQLHWDNVLĊF]XMHNRPXQL]P²MDNRNRJRĞRNURSQHJR
LQLHGRZ\WU]\PDQLDU]HF]\ZLĞFLHLVWQLHMąFHJRWXĪRERN3XU\ĞFL]DU]XFąPLĪHXĪ\-
ZDP VáRZD NRPXQL]P GOD R]QDF]HQLD PQyVWZD QLHVSUHF\]RZDQ\FK WUHĞFL L GRGDG]ą
ĪHWHUPLQWHQGRĞüĞFLĞOHR]QDF]DFRĞLQLFSR]DW\P0QLHVLĊMHGQDNZ\GDMHĪHMHVW
WRWHUPLQ²ZDNWXDOQ\PPRPHQFLHKLVWRULL²DPELZDOHQWQLHOXĨQ\LSUHF\]\MQ\]DUD-
]HP2]QDF]DSU]HGHZV]\VWNLPWRFRVLĊWDPG]LHMH.RPXQLĞFLXWU]\PXMąĪHWRFR
VLĊG]LHMHREHFQLH]DĩHOD]Qą.XUW\QąQLHMHVWMHV]F]HNRPXQL]PHPĪHVWDQRZLHWDS
QD]\ZDQ\VRFMDOL]PHPQDGURG]HGRVSRáHF]HĔVWZDNRPXQLVW\F]QHJR/HF]OXG]LHWDP
QLHVąVNáRQQLGRGLDOHNW\F]Q\FKVXEWHOQRĞFLSRĞSLHV]\OLVLĊLQLHXĪ\ZDMąLQQHJRVáRZD
GODRNUHĞOHQLDLVWQLHMąFHJRVWDQXU]HF]\5R]SDF]RJDUQLDLFKQDP\ĞOĪHMHĞOLWRMHV]F]H
QLHNRPXQL]PWRZ\REUD]LüVRELHPRĪQDFREĊG]LHMDNMXĪQDGHMG]LHNRPXQL]P*RGQH
XZDJL Vą WX VáRZD SHZQHM ZDUV]DZVNLHM VSU]HGDZF]\QL Z VNOHSLH VSRĪ\ZF]\P NWyUD
ZRGSRZLHG]LQDJRU]NLHQDU]HNDQLDNXSXMąF\FKQDEUDNFKOHEDPDVáDPLĊVDLLQQ\FK
WRZDUyZ]DZRáDáDÄ/XG]LHQDOLWRĞü%RVNąF]HJRRGHPQLHFKFHFLH"-DQLHND]DáDP
VWU]HODü]$XURU\«´1)
0yM VWRVXQHN GR NRPXQL]PX MHVW SURVW\P Z\QLNLHP PHJR Ī\FLD Z NRPXQL]PLH
:FLąJXW\FKODWQDXF]\áHPVLĊQLHQDZLG]LüNRPXQL]PX]D]DZDUWHZQLP]áR$WDNĪH
EDüVLĊJR]HZ]JOĊGXQDMHJRPHWDIL]\F]Qą]GROQRĞüGR]DZLHUDQLDZVRELHFRUD]ZLĊFHM
LFRUD]ZLĊFHMLFRUD]ZLĊFHM]áD
.
-DNVLĊXURG]Lü
.
=DUyZQRWHRULDMDNLGRĞZLDGF]HQLHSLHUZV]\FKODWSLĊüG]LHVLĊFLXXF]ąQDVĪHQDM-
OHSLHMMHVWSU]\MĞüQDĞZLDWZURG]LQLHURERWQLF]HM:VND]yZNDWDSR]RVWDMHRF]\ZLĞFLH
Z VSU]HF]QRĞFL ] W\P ZV]\VWNLP FR Z\QLND ] SUDJPDW\F]QHM REVHUZDFML Z\GDMH VLĊ
ZUĊF]OHNNRP\ĞOQDQDSLHUZV]\U]XWRND.DĪG\ZLHGREU]HĪHURERWQLNRPQLHSRZRG]L
VLĊQDMOHSLHMZVSRáHF]HĔVWZLHNRPXQLVW\F]Q\PFRMHVWZ]XSHáQHM]JRG]LH]ZHZQĊWU]-
QąORJLNąNDĪGHMUHZROXFML5HZROXFMDNRPXQLVW\F]QDGRNRQDQD]RVWDáDZLPLĊSRWU]HE
ĪąGDĔ FHOyZ L LGHDáyZ URERWQLND MHVW ]DWHP ]XSHáQLH ]UR]XPLDáH ĪH MHM VXNFHV QLH
PRĪHSU]\QLHĞüQLF]HJRQDG]Z\F]DMQHJRURERWQLNRP²MDNRĪHQLJG\ĪDGQDUHZROXFMD
ZG]LHMDFKQLHVSHáQLáDVZ\FKSU]\U]HF]HĔ:NRPXQL]PLHXVWDQRZLRQ\PURERWQLF\SUD-
FXMąFLĊĪHML]DUDELDMąPQLHMSLHQLĊG]\6ąRQLSRQDGWRSR]EDZLHQLZV]HONLFKVSRáHF]-
Q\FKNRU]\ĞFLXáDWZLHĔLGUREQ\FKUDGRĞFLMDNLPLFLHV]ąVLĊURERWQLF\ZNDSLWDOL]PLH
NDSLWDOL]PERZLHPMDNRQDM]DFLĊWV]\ZUyJOXGXSUDFXMąFHJRĞPLHUWHOQLHVLĊWHJRĪOXGX
ERLSUDJQLHSR]RVWDü]QLPZQDMOHSV]\FKVWRVXQNDFKV]DQXMHMHJR]ZLą]NL]DZRGRZH
L UR]SLHV]F]D JR PQyVWZHP W]Z XOHSV]HĔ L ĞZLDGF]HĔ VRFMDOQ\FK .RPXQL]P EĊGąF
URERWQLND QDMZLHUQLHMV]\P SU]\MDFLHOHP L VRMXV]QLNLHP MHVW U]HF] MDVQD ]ZROQLRQ\
RG WHJR URG]DMX ]RERZLą]DĔ 6WąG ORV URERWQLND Z NRPXQL]PLH MHVW QLH GR SR]D]-
GURV]F]HQLDLQRZRURGHNZMHJRGRPXPXVLOLF]\üVLĊ]EUDNLHPZLHOXOXNVXVyZáDWZR
RVLąJDOQ\FKZGRPDFKG\JQLWDU]\SDUW\MQ\FKF]\VHUZLOLVW\F]QHMLQWHOLJHQFML1LHPQLHM
QLH]DOHĪQLHRGSU]HFLZVWDZQ\FKGRZRGyZFLąJOHMHV]F]HQDMNRU]\VWQLHMMHVWSRMDZLüVLĊ
QDĞZLHFLH]DSRĞUHGQLFWZHPURG]LQ\URERWQLF]HM
ODWSUDNW\NRZDQHJRNRPXQL]PXXSU]\WRPQLáRZV]\VWNLPGRNRáDĪH.RPXQL]P
SU]\ZUyFLáGRĪ\FLDL]LQVW\WXFMRQDOL]RZDáSRGVWDZRZą]DVDGĊIHXGDOQąSU]\ZLOHMyZSá\-
QąF\FK]XURG]HQLD/XG]LHQLHURG]ąVLĊMXĪUyZQLMDNWRP\OQLHVąG]RQRZ(XURSLHSR
UHZROXFML IUDQFXVNLHM OHF] VDP IDNW XURG]HQLD Z RNUHĞORQ\P ĞURGRZLVNX VSRáHF]Q\P
F]\QLLFK´OHSV]\PLOXEJRUV]\PL:\VLáHNF]WHU\VWXODWHXURSHMVNLHMP\ĞOLILOR]RILF]QHM
LVSRáHF]QHMWUXG]ąFHMVLĊXVWDQRZLHQLHPVNDOLZDUWRĞFLMHGQRVWNLOXG]NLHMQDSRGVWD-
ZLH MHM FHFK LQG\ZLGXDOQ\FK ]RVWDá WZDUGR Z\PD]DQ\ UD] QD ]DZV]H ] U]HF]\ZLVWR-
ĞFLVSRáHF]QHMNV]WDáWRZDQHMSU]H]NRPXQL]P6SRáHF]HĔVWZRNRPXQLVW\F]QHVWDáRVLĊ
W\PVDP\PWZRUHPĞFLĞOHNODVRZ\PLKLHUDUFKLF]Q\P/XG]LHZQLPVąVXURZRG]LHOH-
QLQDOHSV]\FKLJRUV]\FKPQLHMOXEEDUG]LHMZDUWRĞFLRZ\FKZ\ĪV]RĞü]DĞLQLĪV]RĞü
=JRGQLH]RILFMDOQąKLVWRULą=655RJLHĔ]G]LDáRSDQRZDQHJRSU]H]NRPXQLVWyZNUąĪRZQLNDÄ$XURUD´QD3DáDF
=LPRZ\Z3HWHUVEXUJXE\áV\JQDáHPGRZ\EXFKX5HZROXFML3DĨG]LHUQLNRZHMLSU]HVąG]LáRMHM]Z\FLĊVWZLH
DTP by SHADE 4
RNUHĞODQDMHVWSU]H]XVWDORQHSU]H]NRPXQLVWyZNU\WHULD:WDNLPXNáDG]LHVWRVXQNyZ
Z\NRQ\ZDQ\ ]DZyG MHVW ĨUyGáHP VSRáHF]QHJR SUHVWLĪX L ZDJL SRGF]DV JG\ SR]\FMD
ZUDPDFKQRZ\FKKLHUDUFKLLVWDQRZLRDNFHVLHGRSU]\ZLOHMyZQLHSR]RVWDMąF\FKZĪDG-
Q\P]ZLą]NX]LQG\ZLGXDOQąZDUWRĞFLąPRUDOQąF]\SU]\GDWQRĞFLąVSRáHF]Qą:LĊNV]H
]QDF]HQLH PD WR FR F]áRZLHN UREL QLĪ MDN WR UREL OXE Z MDNLHM SURSRUFML G]LDáDOQRĞü
MHJRMHVWSRĪ\WHF]QDGODVSRáHF]HĔVWZDF]\FKRüE\MHJRZáDVQHJRUR]ZRMXRVRERZHJR
6\PEROHVSRáHF]QHMSR]\FMLLVWDQXHNVSRQRZDQHVąSRZV]HFKQLHLQDWUĊWQLHPDMąRQH
WDNLHVDPH]QDF]HQLHLWDNąVDPąVLáĊRGG]LDá\ZDQLDMDNQLHJG\ĞV\PEROHDU\VWRNUDW\-
]PXZVSRáHF]HĔVWZLHIHXGDOQ\PZNWyU\P]QLNF]HPQLDá\LJáXSLV]ODFKFLFG\VSRQRZDá
PRĪOLZRĞFLDPLFDáNLHPQLHGRVWĊSQ\PLSHáQHPXWDOHQWyZLPRUDOQ\FK]DOHWPLHV]F]DQL-
QRZL0LPRĪHQDURG]LQ\ZURG]LQLHURERWQLF]HMQLHVWDQRZLąRĪDGQ\FKNRQNUHWQ\FKNR-
U]\ĞFLDFKF]\SRZRG]HQLDFK]DZLHUDMąRQHZVRELHNU]HSNLSRWHQFMDáSLĊFLDVLĊZJyUĊ
RILDURZDQ\QDNUHG\WL]DQLFZ]DPLDQ3RFKRG]HQLHURERWQLF]HQLH]DSHZQLDDZDQWDĪ\
DXWRPDW\F]Q\FK OHF] NU\MH Z VRELH SRWĊJĊ IRUPXá\ Ä6WROLF]NX QDNU\M VLĊ´ NWyUD ²
ZUĊNDFK]GROQ\FKGRXPLHMĊWQHMHNVSORDWDFML²RND]DüVLĊPRĪHZSyĨQLHMV]\PĪ\FLX
NRSDOQLą XáDWZLHĔ ]\VNyZ L SU]\]ZROHĔ QD NDĪG\ GR]ZRORQ\ OXE ]DND]DQ\ PDQHZU
3U]HGHZV]\VWNLP]DĞGDU]\RQREHQHILFMHQWDRZ\PV]F]HJyOQ\PSRF]XFLHPSHZQRĞFL
VLHELHJG\QLHSRZRG]HQLDJURĪąF]áRZLHNRZL]NDĪGHMVWURQ\,WRSRF]XFLHMHVWQLHRFH-
QLRQąZDUWRĞFLąZNRPXQL]PLH
0DUNVL]P±OHQLQL]P RUD] ZV]\VWNLH NRPXQLVW\F]QH NRQVW\WXFMH SDĔVWZRZH SRVáX-
JXMąVLĊWHUPLQHP/XGRUD]JUDPDW\F]Q\PLSRFKRGQ\PLWHJRVáRZDZVHQVLHMDNLHMĞ
VXZHUHQQHMUHDOQLHLVWQLHMąFHMMDNRĞFLREGDU]RQHMZSDĔVWZLHNRPXQLVW\F]Q\PZV]HO-
NLP PRĪOLZ\P SU]\ZLOHMHP QDGU]ĊGQRĞFL 7HRUHW\F]QLH /XG MHVW ZDUWRĞFLą QDMZ\ĪV]ą
LDXWRQRPLF]Qą]JRGQLH]DĞ]]DVDGDPLGLDOHNW\NLG]LHOLVLĊRQQDWU]\NODV\VSRáHF]-
QH URERWQLNyZ FKáRSyZ L W]Z SUDFXMąFą LQWHOLJHQFMĊ 1RPLQDOQLH NODV\ WH ]UyZQDQH
Vą Z VZ\FK SUDZDFK L RERZLą]NDFK RUD] ]JRGQLH L EH]VWURQQLH UHSUH]HQWRZDQH Vą
SU]H] SDUWLĊ NRPXQLVW\F]Qą 5]HF]\ZLVWRĞü RND]XMH VLĊ MHGQDN EDUG]LHM ]QLXDQVRZD-
QD :HGáXJ GRNWU\Q\ SDUWLD NRPXQLVW\F]QD MHVW Z VZ\P ]DáRĪHQLX SDUWLą URERWQLF]ą
LRNROLF]QRĞüWDPD]DVDGQLF]\ZSá\ZQDIRUPRZDQLHVLĊQRZ\FKPLWRORJLLELHĪąF\FK
ZDUWRĞFLRZDĔ L QDMQRZV]\FK VQREL]PyZ &]\OL UR]EXGRZXMH QRZą LQIUDVWUXNWXUĊ QLH-
UyZQRĞFLVSRáHF]Q\FK=NWyUHM]NROHLZ\QLNDĪHE\üURERWQLNLHPMHVWRZLHOHOHSLHM
QLĪE\üFKáRSHP]DĞ]QDF]QLHOHSLHMQLĪE\üSU]HGVWDZLFLHOHPLQWHOLJHQFMLSUDFXMąFHM
-HĞOLWU]\RVRE\RW\FKVDP\FKLQG\ZLGXDOQ\FKNZDOLILNDFMDFKOHF]RWU]HFKUyĪQ\FKSR-
FKRG]HQLDFKVSRáHF]Q\FKVWDUDMąVLĊRWĊVDPąSUDFĊF]\VWDQRZLVNRWR²RLOHU]DGNL
Z\SDGHNFKHPLF]QHJREUDNXSURWHNFMLF]\W]ZSRSDUFLDZFKRG]LZJUĊ²RWU]\PDMH
WHQ NWR G\VSRQXMH SRFKRG]HQLHP URERWQLF]\P *G\ WU]HM SLVDU]H SLV]ą WU]\ SRZLHĞFL
RWU]HFKSRVWDFLDFKOLWHUDFNLFKZ\ZRG]ąF\FKVLĊ]WU]HFKUyĪQ\FKĞURGRZLVNNODVRZ\FK
yZNWyU\SLV]HRURERWQLNXRWU]\PDQDJURG\LUR]JáRVQLHSR]RVWDMąFHZĪDGQHMSURSRU-
FMLGRRELHNW\ZQHMZDUWRĞFLMHJRG]LHáD1RZRURGNRZLZNRPXQL]PLHQLHZROQRRW\P
]DSRPLQDü*G\SyĨQLHMZĪ\FLX]DSUDJQLHRQ]DSXĞFLüVLĊZZ\ĪV]HUHJLRQ\VXNFHVX
QLHRFHQLRQąSRPRF\EĊG]LHILQH]\MQLHWXLyZG]LHU]XFRQDXZDJDRVZ\PURERWQLF]\P
SRFKRG]HQLX : NRPXQL]PLH LVWQLHMH NLOND NUĊJyZ Z\QLHVLRQ\FK F]\OL GREUHJR WRZD-
U]\VWZDLNDĪG\JRWyZMHVWSU]\JDUQąüSU]HGVLĊELRUF]HJRSRWRPNDURERWQLNyZ1DOHĪ\
MHGQDNZLHG]LHüMDNSRGNUHĞODüWĊZáDĞFLZRĞü]DOHĪQLHRGRNROLF]QRĞFL
:PLOLHXZLĊFHMDUW\VW\F]Q\PF]\LQWHOHNWXDOQ\PGREU]HMHVWXZ\SXNODüVZHURERW-
QLF]HSRFKRG]HQLH]HV]F]\SWąRVWURĪQHMZ\V]XNDQHMLURQLL LZ\UDILQRZDQ\PSRGWHN-
VWHPRGĪHJQ\ZDQLDVLĊGDMąFZWHQVSRVyEGR]UR]XPLHQLDĪHRVRELVWHSRZRG]HQLH
RVLąJQLĊWH]RVWDáRZEUHZUyĪQ\PURG]LQQ\PXSRĞOHG]HQLRPLPLPRVSRáHF]Q\FK]DV]H-
UHJRZDĔ:WRZDU]\VWZLHEDUG]LHMRILFMDOQ\PRVyEU]ąGRZ\FKF]\SDUW\MQ\FK]DOHFDVLĊ
XPDFQLDQLHLFKWHRUHW\F]Q\FKL]XSHáQLHQRQVHQVRZQ\FKZ\REUDĪHĔĪHV\WXDFMDURERW-
QLNDZNRPXQL]PLHMHVWURJLHPREILWRĞFLSU]\ZLOHMyZLNRU]\ĞFLPDWHULDOQ\FKURERWQL-
F]H]DĞG]LHFLVWDQRZLąQDM]GURZV]\LQDMEDUG]LHMZDUWRĞFLRZ\HOHPHQWQDURGXZNRQ-
VHNZHQFMLU]HF]ąNRU]\VWQąMHVWXWU]\P\ZDüĪHZV]HONLHRVRELVWHGRNRQDQLDLVXNFHV\
DTP by SHADE 5
VąEáRJRVáDZLRQ\PVNXWNLHPSRFKRG]HQLDURERWQLF]HJRG]LĊNLNWyUHPXĪ\FLHVWDMHVLĊ
SU]HGVLĊZ]LĊFLHPUDGRVQ\PLREILWXMąF\PZRILFMDOQLH]DGHNUHWRZDQHV]F]ĊĞFLH²ZWHQ
VSRVyEXPDFQLDMąFG\JQLWDU]\ZLFKLGLRW\F]Q\FK]áXG]HQLDFKFR]NROHL]DZV]HVLĊVWDü
PRĪHĨUyGáHPGDOV]\FKSRĪąGDQ\FKVXNFHVyZMDNĪHSU]\GDWQ\FKNDĪGHPXF]áRZLHNRZL
]XERJLHMURG]LQ\URERWQLF]HM:NRĔFX²MHĞOLSU]\V]áRE\NLHG\NROZLHNSyĨQLHMZĪ\FLX
SRWRPNRZLURERWQLNyZZNURF]\üQDGURJĊRWZDUWHMRSR]\FMLSU]HFLZNRPXQLVW\F]QHPX
UHĪ\PRZLRSLQLDSXEOLF]QDREGDU]\JR]ZLHORNURWQLRQ\PX]QDQLHPLHQWX]MDVW\F]Q\P
DSODX]HPÄ1DZHWRQ«´]DFKZ\FąVLĊZURJRZLHÄNUHZ]NUZLLNRĞü]NRĞFLSUROHWDULX-
V]D«´²DSRSXODUQRĞüMHJRURVQąüEĊG]LHZSRVWĊSLHJHRPHWU\F]Q\P'ODSRU]ąGNX
]D]QDF]\ü MHGQDN WU]HED ĪH SR DUHV]WRZDQLX ]D RSR]\F\MQą G]LDáDOQRĞü QDUDĪRQ\ RQ
EĊG]LHQDNLONDGRGDWNRZ\FKFLHUSLHĔL]QLHZDJ2ILFHUĞOHGF]\ZSU]\Sá\ZLHáDWZR]UR-
]XPLDáHMJRU\F]\ZU]XFLüPXPRĪHNLONDSRQDGSURJUDPRZ\FKNRSQLDNyZZEU]XFK
]DRSDWU]RQ\FKZZ\MDĞQLDMąFąXZDJĊÄ1DZHWW\VXNLQV\QXSU]HFLZQDP«´3RGVWDZą
SRZRG]HQLDQRZRURGNyZZNRPXQL]PLHMHVWWHG\SUHF\]\MQDĞZLDGRPRĞüOHJRMDNFLĊĪ-
NRMHVWE\üQRQNRQIRUPLVWąF]\DXWHQW\F]Q\PSU]HFLZQLNLHPQDZHWMHĞOLSU]\FKRG]LVLĊ
QDĞZLDWZURERWQLF]HMURG]LQLH
8URG]Lü VLĊ Z FKáRSVNLHM FKDFLH QLH MHVW QDMJRU]HM OHF] GH]RULHQWXMąFR =JRGQLH
]/LWHUą=DNRQXFKáRSLG]LHOąVLĊQDWU]\NDWHJRULHELHGQ\FKĞUHGQLFKLERJDW\FKOHF]
NODV\ILNDFMDWDRSLHUDVLĊQDQLH]Z\NOHPĊWQ\FKSRPLDUDFK1DSU]\NáDGERJDW\URO-
QLNNWyUHPX]GDU]\áRVLĊRGGDüMDNLHĞXVáXJLNRPXQLVWRPSU]HGLFKGRMĞFLHPGRZáD-
G]\]DUD]SRRZ\PGRMĞFLX]DNODV\ILNRZDQ\]RVWDMHMDNRELHGQLDNFRZNRQVHNZHQFML
F]\QLJRQLH]Z\NOH]DPRĪQ\PDOERZLHPMHJRVWDQSRVLDGDQLDQLHXOHJD]PQLHMV]HQLX
SRGF]DV JG\ MHJR ]GROQRĞü GR HNRQRPLF]QHJR PDQHZUX UR]V]HU]D VLĊ QLHSRPLHUQLH
,QQ\PL VáRZ\ ]RVWDMH RQ REGDU]RQ\ SU]\ZLOHMDPL QLHGDZQR HNVSORDWRZDQ\FK L SU]\-
]ZROHQLHPGRGDOV]HJRHNVSORDWRZDQLD1LHPQLHMQRZRURGHNPXVLZLHG]LHüRQLHEH]-
SLHF]HĔVWZDFK NU\MąF\FK VLĊ Z SRFKRG]HQLX ] ZLHĞQLDF]HM NRá\VNL -HĞOL QD SU]\NáDG
SyĨQLHMZĪ\FLX]DSUDJQLHRQNDULHU\SROLW\F]QHMVáDZ\KRQRUyZF]\QDJUyGOLWHUDF-
NLFKZVSyá]DZRGQLF\MHJR]DZV]HSRVWDUDMąVLĊGRZLHĞüĪHMHVWRQSRWRPNLHPZLHM-
VNLFKERJDF]\²QDZHWMHĞOLZU]HF]\ZLVWRĞFLXMU]DáRQĞZLDWáRG]LHQQHZQDMQĊG]QLHM-
V]HM]OHSLDQHNDZG]LHFLĔVWZLHVSDá]E\GOąWNDPLLMDGDáWUDZĊQDĞQLDGDQLH:RJyOH
SU]HNRQ\ZDMąFHLVNXWHF]QHSRVáXJLZDQLHVLĊSU]HGUHZROXF\MQąQĊG]ąLXEyVWZHPMHVW
VSUDZąVNRPSOLNRZDQąLWUXGQąGODSUDZG]LZHJRPDUNVLVW\±OHQLQLVW\ERZLHPOLF]\VLĊ
QLH RELHNW\ZQH XZDUXQNRZDQLH PDWHULDOQH RILDU\ NDSLWDOL]PX OHF] MHJR SU]\GDWQRĞü
GODVSUDZ\NRPXQL]PX6WąGQLHZLHOH]QDF]\ĪHNWRĞXPLHUDá]JáRGXSU]HGUHZROXFMą
²XND]DüWU]HEDZVSRVyEQLHRGSDUW\MDNEDUG]RMHJRJáyGSU]\F]\QLáVLĊGR]Z\FLĊ-
VWZDUHZROXFMLSUROHWDULDWXNRPXQL]PX1DRJyáNDĪG\MHVW]DZV]HSRGHMU]DQ\RWRĪH
SRFKRG]L]Z\]\VNLZDF]\DXVLáXMHSRGV]\üVLĊSRGG]LHFNRZ\]\VNLZDQ\FK:URJRZLH
SRWRPNDDXWHQW\F]Q\FKRUDF]\QLH]DQLHGEDMąĪDGQHMRND]MLDE\SRJáĊELüRGPĊWPRĪ-
OLZ\FK SRGHMU]HĔ 1LH]OLF]RQH SORWNL RNUHĞOą ] EH]EáĊGQ\ SUHF\]Mą PLHMVFH Z NWyU\P
RMFLHFSUHWHQGHQWDGRNDULHU\]DNRS\ZDáZQRF\]áRWHGRODU\QDZHWJG\QLHSRVLDGDá
QLJG\ZĪ\FLXQLHW\ONRVNUDZND]LHPLGRNRSDQLDOHF]QDZHWáRSDW\=DĞFKáRSERJDW\
MHVWGODNRPXQLVW\F]QHJRRUWRGRNV\ZFLHOHQLHPJU]HFKXVDPRSRMĊFLHHPDQXMHZRĔ
Z\VWĊSNXSRGREQąGRRZHMMDNDGUĊF]\SRERĪQHJRFKU]HĞFLMDQLQDJG\Vá\V]\RUR]SX-
ĞFLHZĞUyG]DNRQQLF
7R VDPR GRW\F]\ SUDFXMąFHM LQWHOLJHQFML NWyUHM SR]\FMD Z KLHUDUFKLL VSRáHF]Q\FK
PRĪOLZRĞFL XORNRZDQD MHVW R VWRSLHĔ SRQLĪHM FKáRSVWZD ,QWHOLJHQFMD SUDFXMąFD PD
ZRF]DFKNRPXQLVW\F]Q\FKZáDGFyZZLHOFHGZX]QDF]QDZDUWRĞüVSRáHF]QR±PRUDOQą
6áXĪ\ RQD QLHXVWDMąFR MDNR NR]LRá RILDUQ\ L áDWZ\ FHO UyĪQRUDNLFK RVNDUĪHĔ ] NWyU\FK
GZXOLFRZRĞü RND]DáD VLĊ QD SU]HVWU]HQL ODW LVWQLHQLD NRPXQL]PX QDMSRSXODUQLHMV]D
6WąGQRZRQDURG]RQ\ZURG]LQLHLQWHOLJHQFNLHMOLF]\üPRĪHF]DVHPQDWRZDU]\VWZRF]D-
UXMąF\FK F]ĊVWR QDZHW LQWHOLJHQWQ\FK SU]HZDĪQLH GREU]H Z\FKRZDQ\FK OXG]L ]D FR
SyĨQLHMZĪ\FLX]DSáDFLPQyVWZHPXFLąĪOLZ\FKNáRSRWyZJG\EĊG]LHXVLáRZDáGRVWDüVLĊ
QDXQLZHUV\WHWOXEVWDUDáVLĊROHSV]ąSRVDGĊ
DTP by SHADE 6
)DNW QDURG]LQ F]áRQND SDUWLL NRPXQLVW\F]QHM QLH PD V]F]HJyOQHJR ]QDF]HQLD GOD
SU]\V]á\FKPRĪOLZRĞFLQDZRQDURG]RQHJR:RJyOHMHVWU]HF]ąWUXGQąXVWDOLüFRMHVWNR-
U]\ĞFLąDFRREFLąĪHQLHPZĪ\FLXF]áRQNDSDUWLL5]HF]XĞFLĞODVLĊQLHFRJG\F]áRQHNSDUWLL
MHVWG\JQLWDU]HPSDUW\MQ\PU]ąGRZ\POXEDGPLQLVWUDF\MQ\P1LHSRGOHJDMąFDG\VNXVML
GRJRGQRĞüSRVLDGDQLDSRPDUDĔF]L]DJUDQLF]Q\FK]DEDZHNZGRZROQHMLORĞFLSU]H]FDáH
G]LHFLĔVWZRNRHJ]\VWXMHZWDNLPZ\SDGNX]SRQXU\PLQLHEH]SLHF]HĔVWZDPLMDNLHF]\-
KDMąQDNRPXQLVW\F]QHJRSURPLQHQWDQDNDĪG\PNURNX:NRPXQL]PLHSROLW\F]QHXSDG-
NL L NOĊVNL Vą EH]NRPSURPLVRZH L QLHRGZUDFDOQH Vą U]DGNR QLHSRZRG]HQLHP ]DZU]H
NDWDVWURID,FKUH]XOWDWHPQLHMHVWSU]HMĞFLRZ\QLHGRVWDWHNOHF]SU]HZDĪQLHNRPSOHWQD
UXLQD,FKFHFKąFKDUDNWHU\VW\F]QąMHVWĪHVSDGDMąQLHRF]HNLZDQLHMDNJURP]MDVQHJR
QLHED5]DGNRPLMDMąQLHRGFLVQąZV]\IDWDOQHMSLHF]ąWNLQDSU]\V]á\FKORVDFKSRWRPND
XSDGáHMZLHONRĞFLDOERZLHPZNRPXQL]PLHRERZLą]XMHRGSRZLHG]LDOQRĞü]ELRURZDFR
]QDF]\ĪHQDZHWQDMEDUG]LHM]UyZQRZDĪRQ\V\QRGSRZLDGD]DV]DOHĔVWZDRMFD
'RZ\ĪHMZ\PLHQLRQ\FKPRĪOLZRĞFLSU]\MĞFLDQDĞZLDWGRFKRG]LEH]PLHUQDUyĪQR-
URGQRĞü]á\FKSRFKRG]HĔ,FKLORĞüLQLHRJDUQLRQDUyĪQROLWRĞü]DZDUW\FKZQLFK]DVDG]HN
]áDJRG]RQDMHVW]QDF]QLHLVNXWHF]QLHSU]H]VSHF\ILF]QąIL]MRORJLĊNáDPVWZDZNRPXQL-
]PLH.áDPVWZRZQRZ\PSRU]ąGNXVSRáHF]Q\PPDIXQNFMĊ]XSHáQLHVSHFMDOQąLVWDQR-
ZLFDáNLHPQRZ\F]\QQLNRERZLą]XMąFHMU]HF]\ZLVWRĞFL=PRUDOQHJRSXQNWXZLG]HQLD
NáDPVWZRPDFHFK\DPELZDOHQWQHQDWOHNRPXQLVW\F]QHJRÄHVVH´²MHVWQLHHW\F]Q\P
SRJZDáFHQLHPSUDZG\OXEMHMXQLFHVWZLHQLHPDOHWHĪ]DUD]HPMHG\Q\PLEáRJRVáDZLR-
Q\PVFKURQLHQLHPLXFLHF]NąPLOLRQyZOXG]L3RVáXJLZDQLHVLĊNáDPVWZHPMDNRLQVWUX-
PHQWHPUHNRPSHQVDW]DĞOHSRWĊORVXMHVWWDNVWDUHMDNĞZLDWKLVWRULDSHáQDMHVWIDFH-
WyZZLHG]ąF\FKDĪ]DGREU]HMDNNRU\JRZDüZáDVQHPLHMVFDXURG]HQLDNWyUHZ\GDZDá\
LPVLĊQLHGRSU]\MĊFLD:NáDGLLQQRZDFMHNRPXQL]PXSROHJDMąSU]HGHZV]\VWNLPQD
Z\PLDU]HLEH]F]HOQRĞFLNáDPVWZDQLHQDOHĪ\ZV]DNĪHGRU]DGNRĞFLĪHSUDVDNRPXQL-
VW\F]QDRSLVXMHQDURG]LQ\PDUNVLVWRZVNLHJRĞZLĊWHJRSRGPDV]\QąWNDFNąSU]\NWy-
UHMMHJRHNVSORDWRZDQDPDWND±SUROHWDULXV]NDKDURZDáDQLHOXG]NRQDNDSLWDOLVW\F]QHJR
SUDFRGDZFĊEH]SUDZDGROXG]NLHJRSRáRJX²SRGF]DVJG\ZV]\VF\ZNUDMXZLHG]ąLĪ
MHVWRQV\QHPSU]HGUHZROXF\MQHJRVNOHSLNDU]D±NUZLRSLMF\
.
-DNSU]HĪ\üV]SLWDOSRáyĪP\LĪáREHNGODPDOXFKyZ
.
2GVDPHJRSRF]ąWNXWU]HEDFKROHUQLHXZDĪDüSLHOĊJQLDUVWZRMHVWMHGQ\P]QDMJR-
U]HMSáDWQ\FK]DZRGyZSLHOĊJQLDUNLVą]PĊF]RQHLUR]WDUJQLRQHP\ĞOąW\ONRR]DNXSDFK
²MHĞOLPDMąURG]LQ\²OXERDZDQVDFKMHĞOLVąZROQHDGRDZDQVyZMDNZV]\VWNLP
ZLDGRPR QDMSURVWV]D GURJD SURZDG]L SU]H] G\ĪXUNL OHNDU]\ QLH SU]H] VDOH FKRU\FK
]XSHáQLHMDNZNDSLWDOL]PLH6WąG]QDQHVąVNDQGDOHZRNyá]DPLDQ\QRZRURGNyZZJL-
JDQW\F]Q\FKV]SLWDODFKSDĔVWZRZ\FK7\PVDP\PQRZRSU]\E\á\RE\ZDWHONRPXQL]PX
XF]\VLĊRGUD]XĪHQLHZROQRSROHJDüQDXVáXJDFKRILDURZDQ\FKSU]H]SDĔVWZR
&DáNLHPZF]HĞQLHERZSDĔVWZRZ\PĪáRENXRWU]\PXMHRQSLHUZV]HGDQHZVSUD-
ZLHIXQGDPHQWDOQHJRVWRVXQNXSRPLĊG]\QLPMDNRMHGQRVWNąOXG]NąDRWDF]DMąFąJR
U]HF]\ZLVWRĞFLą.UąĪ\áDZVZRLPF]DVLHSR:DUV]DZLHKLVWRULDRPáRGHMJRUOLZHMPDWFH
SU]\E\ZDMąFHM GR SDĔVWZRZHJR ĪáREND DE\ RGHEUDü VZH G]LHFNR SR UR]áąFH GáXJLHJR
GQLDSUDF\3LHOĊJQLDUNDSU]\QRVLPDOHĔVWZRNWyUHPDWNDWXOLZSU]\Sá\ZLHXF]XüGR
SLHUVLOHF]SRFKZLOLZ\NU]\NXMHÄ$OHĪWRZDU]\V]NR1DOLWRĞü%RVNą7RQLHPRMHG]LHF-
NR´3LHOĊJQLDUNDXĞPLHFKDVLĊZ\UR]XPLDOHLPyZL]SREáDĪOLZRĞFLą,SRFRWHQV]XP"
&R]DUyĪQLFD",WDNSU]\QLHVLHMHSDQLMXWURUDQRSU]HGSyMĞFLHPGRURERW\QRQLH"´
.
-DNE\üG]LHFNLHP
.
3UREOHP\ ĞZLDGRPRĞFL WUDSLąFH F]áRZLHND SU]H] FDáH Ī\FLH ]DF]\QDMą VLĊ Z NR-
PXQL]PLH PĊF]ąFR ZF]HĞQLH 6WąG WUXGQR MHVW E\ü G]LHFNLHP Z NRPXQL]PLH QDZHW
QLH ]GDMąF VRELH ] WHJR VSUDZ\ : GHPRNUDFML G]LHFNR MHVW ZROQH RG ZV]\VWNLHJR FR
DTP by SHADE 7
QLHMHVWVSUDZąG]LHFNDPDEH]FHQQHSUDZRGRQLHĞZLDGRPRĞFL:\EyUUR]UyĪQLDQLH
ZDUWRĞFLRZDQLHPDMąGODĔZ\áąF]QLH]QDF]HQLHSHGDJRJLF]QH1LHSRZWDU]DOQąZ\JRGą
G]LHFLĔVWZDMHVWZROQRĞüRGQDND]yZNU\W\F\]PXNWyUHRERZLą]XMąGRURVáHJRQDNDĪ-
G\PNURNX']LHFNRPDSUDZRGR]DFKZ\WyZLZLDUQLHNRQWURORZDQ\FKSU]H]UR]VąGHN
LQVW\QNWVDPR]DFKRZDZF]\F]\LURQLĊ:NRPXQL]PLHSUDZRWRMHVWG]LHFNXRGPyZLRQH
DQXORZDQHSU]H]NRQVWUXNFMĊ&RG]LHQQHJRĪ\FLD
.RPXQL]PSR]GRE\FLXZáDG]\QDELHUDFHFKUHOLJLLSDĔVWZRZHM8ĞZLĊFDQLHWUHĞFL
LGHRZ\FKLRE\F]DMRZ\FKMHVWZáDĞFLZRĞFLąLSU]\ZLOHMHPUHOLJLLSDĔVWZRZ\FKLNRPX-
QL]PKRMQLH]QLHJRNRU]\VWD%HDW\ILNDFMDOXG]LL]GDU]HĔQLHVWDQRZLQDRJyáĨUyGáD
FLHUSLHĔGODSRGGDQ\FKNRPXQL]PRZLPDVOXG]NLFKVSRáHF]HĔVWZDSURGXNXMąV]\GHU-
F]H RGWUXWNL GRZFLS UR]VDG]D IDáV]\ZH OLWXUJLH -HG\Qą JUXSą VSRáHF]Qą EH]EURQQą
ZREHF]DNáDPDQLDV]WXF]Q\FKĞZLĊWRĞFLVąG]LHFL
']LHFNRMHVWXF]XORQHQDĞZLĊWRĞüáDNQLHMHMMHJRĞZLDGRPRĞüMHVWĪ\]QąJOHEąGOD
LVWQLHĔ Z\QLHVLRQ\FK SU]H] SRERĪQRĞü GREUR V]ODFKHWQRĞü SLĊNQR L SU]H]QDF]RQ\FK
GRDGRUDFML=DQLF]\PG]LHFNRWDNQLHWĊVNQLMDN]DFKDU\]PąLQDPDV]F]HQLHPMDN
]DXZLHOELDQLHP.RPXQL]P]DĞRQLF]\PLQQ\PQLHPDU]\JRUĊFHMQLĪRW\PDĪHE\
E\üZLHOELRQ\PZHZ]QLHVLRQ\FKSU]H]VLHELHVWUXNWXUDFKSRMĊFLRZ\FKZĞZLąW\QLDFK
ZáDVQHJR ]QDF]HQLD Z RVREDFK ZáDGFyZ U]ąG]ąF\FK Z LPLĊ NRPXQL]PX FKDU\]PD-
W\F]Q\FKLQDPDV]F]RQ\FK
2G QDMZF]HĞQLHMV]\FK FKZLO REXG]HQLD ĞZLDGRPRĞFL G]LHFNR RWRF]RQH MHVW ZLĊF
SU]H]V\PEROHL]QDNLNWyUHPDZLHOELü&]ĊVWRWOLZRĞüLFKSRZWDU]DQLDVLĊQDNDĪG\P
NURNX QDFLVND EH]OLWRĞQLH QD PLĊNNL PyĪGĪHN G]LHFND , G]LHFNR ZLHOEL DGRUXMH NRORU
F]HUZRQ\ VLHUS\ L PáRW\ JRGáD SDĔVWZRZH :F]HĞQLH ]DF]\QD GRVWU]HJDü SRVWDFLH
ZV]ĊG]LHZRNRáRURLVLĊRG0DU[yZ/HQLQyZLSRPQLHMV]\FKORNDOQ\FKĞZLĊW\FK6WRMą
QDSRPQLNDFKZLV]ąQDĞFLDQDFKPLHMVFSXEOLF]Q\FKZLGQLHMąQDWUDQVSDUHQWDFKSHáQR
LFKZNVLąĪNDFKJD]HWDFKWHOHZL]ML:]EXG]DMąQDERĪQ\V]DFXQHNVZ\PXĞZLĊFRQ\P
Z\JOąGHPRG]DUDQLDNRMDU]ąVLĊG]LHFNX]MDNLPĞQDGU]ĊGQ\PSRU]ąGNLHPLQLHRNUH-
ĞORQąSRWĊJą*G\E\SRSU]HVWDQRQDW\P]DV]HUHJRZDQLXZUDĪHĔLLFKRGELüZĞZLDGR-
PRĞFL G]LHFND G]LHFLĔVWZR QLH GR]QDáRE\ ZLĊNV]HJR XV]F]HUENX ZH ZV]\VWNLFK V\V-
WHPDFKVSRáHF]Q\FKSRGDMHVLĊG]LHFNXEDUZQHSRVWDFLHRILFMDOQHGR]DEDZ\ZQDLZQH
XQLHVLHQLH$OHNRPXQL]PPDZREHFG]LHFNDFHOHGDOV]HQLĪSU]HSRMHQLHJRXZLHOELH-
QLHPLV]DFXQNLHP.RPXQL]PSUDJQLHPLáRĞFLFKFHDE\G]LHFNRJRSRNRFKDáR:W\P
FHOXXUXFKDPLDQLH]Z\NáąPDV]\QHULĊRGG]LDá\ZDQLDQDĞZLDGRPRĞüLSHUFHSFMĊ'R-
VWRMQHLSHáQHJRGQRĞFL/HQWQ\L6WDOLQ\SU]HREUDĪDZXNRFKDQHWNOLZH/HQLQ\L6WDOLQ\
SU]\SRPRF\UHWXV]X']LHFNRQLHZLHRVSHFMDOQ\FK]DNáDGDFKSROLJUDILF]Q\FKNWyU\FK
]DGDQLHP MHVW XVLOQD EHQHG\NW\ĔVND SUDFD QDG ]PLDQą Z\UD]X WZDU]\ GRVWRMQLNyZ
SDUW\MQ\FK L SDĔVWZRZ\FK &DáH ]DVWĊS\ VSHFMDOQLH V]NRORQ\FK UHWXV]HUyZ SUDFRZDá\
PUyZF]RZ5RVML6RZLHFNLHMDE\]WZDU]\/HQLQDNWyUDHPDQRZDáDU]DGNą]áRĞOLZRĞFLą
LFK\WURĞFLąXF]\QLüWZDU]XNRFKDQHJRZXMDV]ND]DNWyU\PSU]HSDGDMąG]LHFLLNWyU\
VNáRQQ\MHVWRGGDüLPVZyM]áRW\]HJDUHNQDSHZQą]DJáDGĊ=DFKRGQLPĊĪRZLHVWDQX
XĪ\ZDMąUyZQLHĪV]PLQNLLPDNLMDĪXOHF]W\ONRSU]HGNDPHUąWHOHZL]\MQą&KFąZ\JOą-
GDüPáRG]LHMFRĞZLDGF]\RZ\UDFKRZDQHMSUyĪQRĞFLOHF]QLHMHVWJU]HFKHPNáDPVWZD
6WDOLQ MDN ZLDGRPR RG]QDF]Dá VLĊ REOLF]HP ZREHF NWyUHJR $O &DSRQH ]GUĊWZLDáE\
]SU]HUDĪHQLDEDQG\W\]PMHJRQDWXU\SRGáRĞüLRNUXFLHĔVWZRFKDUDNWHUXELMąZSURVW
]NDĪGHMQLHRFHQ]XURZDQHMIRWRJUDILLOHF]RGF]HJRZ\NZDOLILNRZDQLUHWXV]HU]\":PL-
OLRQDFKĪáRENyZLV]NyáSRGVWDZRZ\FKQDREV]DU]HFDáHJRLPSHULXPZLGQLDáRMFRZVNL
SRUWUHW 6WDOLQD R]GRELRQ\ WDN SURPLHQLVW\P XĞPLHFKHP ĪH QLH E\áR FK\ED G]LHFND
NWyUHQLHĞQLáRE\RW\PĪHZGUDSXMHVLĊQDNRODQDJHQHUDOLVVLPXVDLFLąJQLHJR]DZąV\
$FRWXGRSLHURPyZLüR DUPLLSRFKOHEF]\FKVáXĪDOF]\FKPDODU]\L LOXVWUDWRUyZNWy-
U]\ZVHWNDFKPLOLRQyZNVLąĪHF]HNG]LHFLĊF\FKU\VRZDOL6WDOLQDMDNRXRVRELHQLHZV]HO-
NLFKVáRG\F]\=F]DVHPGRV]áRGRWHJRĪHPRĪQDE\áRRGQDOHĨüU\V\/HQLQD6WDOLQD
8OEULFKWDF]\0DRZEX]LDFK6LHURWHN±0DU\Ğ.UyOHZLHQĝQLHĪHNL&]HUZRQ\FK.DSWXU-
NyZSRGF]DVJG\'XĪ\=á\:LONPLDá]DZV]HZVRELHFRĞDPHU\NDĔVNLHJR3RZLHNWRĞ
DTP by SHADE 8
SUH]\GHQFL PLQLVWURZLH L NDQG\GDFL QD VHQDWRUyZ Z GHPRNUDW\F]Q\P NDSLWDOL]PLH
ĪąGQL SRNODVNX WáXPyZ WHĪ OXELą IRWRJUDIRZDü VLĊ SRFK\OHQL QDG SáRZ\PL JáRZLQDPL
G]LHFLEUDüMHQDUĊFHLFDáRZDüZS\]DWHSROLF]NL]IDáV]\Z\PXĞPLHFKHPSVHXGRGR-
EURWOLZRĞFLQDSU]HELHJá\FKZDUJDFKLZRF]DFKV]SHUDMąF\FK]DZ\ERUFDPL7RIDNWDOH
WHQFNOLZR±SU]\PLOQ\XĞPLHV]HNMHVWáDWZR]DXZDĪDOQąPDVNąNU\MąFąQDWXUDOQąRGUD-
]ĊGRZLOJRWQ\FKQRVNyZLQLHSHZQ\FKSXSHN'HPRNUDW\F]QLPĊĪRZLHVWDQXQLHUHWX-
V]XMąVZHMSUDZG]LZHMQDWXU\LG]LHFLMDNRĞWRF]XMąQLHWUDNWXMąLFKSRZDĪQLHQLNWWX
QLHUR]SUDZLDRPLáRĞFLXIQRĞFLRGGDQLX²LWRMHVWXF]FLZDJUD.RQZHQFMDĪ\FLDQDWR
QLHPDUDG\WDNVLĊVNáDGDĪHZSHZQHMFKZLOLSROLW\F\SRWU]HEXMąG]LHFLU]DG]LHMG]LHFL
SROLW\NyZDOHĪDGQ\FKGHNODPDFMLRXF]XFLDFKLĪDGQHJRZ]DMHPQHJRRNáDP\ZDQLDVLĊ
$E\ ]DFKRZDü ]GURZLH SV\FKLF]QH G]LHFNR SRZLQQR ]DĪąGDü SU]\ZUyFHQLD ZV]HO-
NLFKSUDZ]QHXWUDOL]RZDQ\P.RWRPZ%XWDFKL%\F]NRP±)HUQDQGR²DOHMDNWXĪąGDü
LXSRPLQDüVLĊRMDNLHĞSUDZDZXVWURMXZNWyU\PQLHLVWQLHMHKDEHDVFRUSXV"']LHFNR
REUDERZDQHZLĊF]RVWDMH]HVZHJRSU]\ZLOHMXQLHĞZLDGRPRĞFL-HV]F]HZLHOELLNRFKD
FDá\P VZ\P F]\VW\P PDá\P VHUGXV]NLHP DOH MXĪ QDFKRG]ą MH SLHUZV]H QLHSRUDGQH
ZąWSOLZRĞFL 'ODF]HJR NRFKDQ\ ZXMR 6WDOLQ ] SRUWUHWX Z ĪáyENX VWDMH VLĊ QDJOH GRĞü
VURJLP6WDOLQHP]REUD]XZXU]ĊG]LHSRF]WRZ\PGRNWyUHJRWU]HEDLĞü]PDPą"'OD-
F]HJR GRURĞOL QLH ZLG]ą Z QLP WHM GREURGXV]QRĞFL NWyUą GRVWU]HJD G]LHFNR L PyZLą
RQLPEH]V\PSDWLLOXEVWDUDMąVLĊZRJyOHQLHPyZLüXFLQDMąFS\WDQLDQDMHJRWHPDW"
:URG]LQDFKSDUW\MQ\FKG]LHFNRMHVWSRGQDND]HPDGRUDFMLFREXG]LZQLP]NROHL]UR-
]XPLDáHSRGHMU]HQLDGODF]HJRPDPE\üJU]HF]Q\LNRFKDü6WDOLQD":V]ĊG]LHL]HZV]ąG
SRMDZLDMąVLĊR]QDNLGUĊF]ąFHML]DJDGNRZHMDPELZDOHQFMLGUX]JRF]ąFHUR]NRV]HQLH-
ĞZLDGRPRĞFL:SHZQ\PZĊJLHUVNLPPLDVWHF]NXQDW\FKPLDVWSR]JQLHFHQLXSRZVWDQLD
SU]H]VRZLHFNLHF]RáJLNRPXQLĞFL]ZáDĞFLZ\PVRELHWDNWHPSRVWDZLOLSRPQLNSU]\MDĨQL
VRZLHFNR±ZĊJLHUVNLHM3U]HFKRG]ąFRERNPDá\FKáRSF]\NVS\WDáRMFD
²7DWXVLXFRWRMHVW"
²7RMHVWSRPQLNSU]\MDĨQLZĊJLHUVNR±UDG]LHFNLHM²RGSDUáRMFLHF]JRGQLH]SR]R-
UDPLU]HF]\ZLVWRĞFL
²$OHGODF]HJRXQDV"²]DĪąGDáZ\MDĞQLHĔFKáRSF]\N
']LHFNRWRZF]HĞQLH]DF]ĊáRVLĊ]PDJDü]ZLHOR]QDF]QRĞFLąNWyUDNLHG\Ğ]DWUXMH
PXĪ\FLHZGDáRVLĊZQLHUyZQąZDONĊ]ZV]HFKQDFLVNDMąF\PNáDPVWZHPLZV]HFKPRFą
SR]RUX/HF]WHQKLVWRU\F]Q\GODĔPRPHQWSU]HEXG]HQLDVLĊZQLP]P\VáXNU\W\F\]PX
RGHEUDáPXOXEFRQDMPQLHMQDUXV]\áZQLPĞZLDWG]LHFLĔVWZD
$QW\WRWDOLVW\F]QHV\VWHP\VSRáHF]QHV]DQXMąVXZHUHQQRĞüWHJRĞZLDWDMHJRJáX-
SLXWNLH QLHGĨZLDGNL L ]DMąF]NL E\ü PRĪH QLH UR]ZLMDMą QDWUĊWQLH XP\VáRZRĞFL G]LHFND
DOHQLHUDEXMąPXSUDZDGRMHG\QHMZĪ\FLXDXWRQRPLLLQLHDQJDĪRZDQLDVLĊ6SUDZD
ĞZ0LNRáDMDMHVWWXQDGHUFKDUDNWHU\VW\F]Q\PSU]\F]\QNLHP:5RVMLĞZ0LNRáDMD]D-
VWąSLáZMHJRGRURF]Q\FKIXQNFMDFKQLHMDNL']LDGHN±0Uy]²SRVWDüZ\ZRG]ąFDVLĊ]H
VWDURURV\MVNLHMOXGRZHMPLWRORJLL3U]H]GáXJLHODWD']LDGHN±0Uy]G]LDáDáVSUDZQLHSRG
F]XMQ\PRNLHPLNRQWUROąRUJDQyZEH]SLHF]HĔVWZD=665DOHMDNRĞQLHSRWUDILáEXG]Lü
VHUGHF]QRĞFL L FLHSáD PRĪH ]H Z]JOĊGX QD QD]ZLVNR ']LHFL RGPDZLDá\ PX F]XáHJR
SU]\ZLą]DQLDQDZHWXURG]RQHJUXERQRUHZROXFMLLNWyU\FKURG]LFHEDOLE\VLĊVIRUPX-
áRZDüWDNDQW\SDĔVWZRZ\VORJDQMDNÄGREU\ĞZLĊW\0LNRáDM´=DF]DVyZ&KUXV]F]RZD
]DF]ĊWR ZLĊF PyZLü R SU]\ZUyFHQLX WHPX ZDĪQHPX IXQNFMRQDULXV]RZL MHJR GDZQHJR
W\WXáX 6WDUH NUDMH NDWROLFNLH RNXSRZDQH SR RVWDWQLHM ZRMQLH SU]H] NRPXQL]P ]PX-
V]RQHE\á\GR]DDNFHSWRZDQLD']LDGND±0UR]DZUD]]GREURG]LHMVWZDPLSODQyZJRVSR-
GDUF]\FK ,PSUH]D WD RG SRF]ąWNX VND]DQD E\áD QD NOĊVNĊ /DQVRZDQ\ XVLOQLH SU]H]
SUDVĊUDGLRWHOHZL]MĊRILFMDOQHZLGRZLVNDLEDOHGODG]LHFL']LDGHN±0Uy]VWDáVLĊW\ONR
L Z\áąF]QLH SU]HGPLRWHP ]áRĞOLZ\FK ĪDUWyZ ']LHFL JUHPLDOQLH RGPyZLá\ ] QLP ]ZLą]-
NyZXF]XFLRZ\FK²DOH]DMDNąFHQĊ"=DFHQĊNROHMQHJRQDUXV]HQLDVXZHUHQQRĞFLLFK
ĞZLDWD5D]GRURNXG]LHFLSRSDGDá\ZRGPĊW\VFKL]RIUHQLL-DNSRJRG]LüUHNODPRZDQą
NDPSDQLĊÄPDVVPHGLD´QDU]HF]']LDGND±0UR]D]SRSLHUDQ\PXSRUF]\ZLHSU]H]UHV]-
WĊ VSRáHF]HĔVWZD ĞZ 0LNRáDMHP" Ä3U]\MG]LH G]LĞ GR FLHELH ĞZLĊW\ 0LNRáDM´ ² PyZLáD
DTP by SHADE 9
PDPD UDQR ]DĞ SR SRáXGQLX QD NLQGHUEDOX ĞZLĊW\ SU]HGVWDZLDá VLĊ RILFMDOQLH Ä-H-
VWHP']LDGHN±0Uy]´«*G\]DĞG]LHFLZRáDá\GRĔ]JRGQLH]QDVWURMDPLFDáHJRQDURGX
ÄĝZLĊW\ 0LNRáDMX«´ ² PUXJDá SRUR]XPLHZDZF]R MDNE\ GDMąF GR ]UR]XPLHQLD ĪH QD
VDOLVąRVRE\QLHSRZRáDQHGRWHJRDĪHE\ZLHG]LHüMDNVLĊQDSUDZGĊQD]\ZD=GDU]\ü
VLĊ ZUĊF] PRJáR ĪH ]E\W REFHVRZR FLąJQLĊW\ ]D UĊNDZ L QDJDE\ZDQ\ R LQQ\FK ĞZLĊ-
W\FKPUXNQąáNU]\ZRÄ2GF]HSVLĊV]F]HQLDNXERZ\FLąJQąVáXĪERZHNRQVHNZHQFMH
]DV]HSWDQąSURSDJDQGĊ«´&RĞWXE\áRSU]HWRQLHZSRU]ąGNXZRF]DFKG]LHFLDOHFR"
7UXGQR VWZLHUG]Lü EH] SU]HF]\WDQLD Ä=DJDGQLHĔ OHQLQL]PX´ OHF] U]DGNR NWR F]\WD WR
G]LHáRZZLHNXODWSLĊFLX:RNUHVLHVWDOLQRZVNLHJRXSRGOHQLDRJURPQ\FKPDVOXG]NLFK
G]LHFLZĪáRENDFKDQDZHWZQDMXERĪV]\FKSU]\WXáNDFKGODVLHURWZ]\ZDQHE\á\L²MDN
WRVLĊPyZLáR²ÄRUJDQL]RZDQH´GRVNáDGDQLDVZ\FKJURVLNRZ\FKRV]F]ĊGQRĞFLQDSUH-
]HQW\GODXNRFKDQHJRG]LDGND6WDOLQD7DNLDSHOSDGDáQDSRGDWQ\JUXQWDOERZLHPGR
G]LHFNDáDWZLHMMHVWWUDILü]SURĞEąRDNWSRĞZLĊFHQLDQLĪR]DSU]HVWDQLHEH]VHQVRZQ\FK
NU]\NyZ,G]LHFLGDZDá\Z\VXSá\ZDá\JURVLNL]NLHV]RQHNIDUWXV]NyZNXSRZDá\]DQLH
SODVWHOLQĊOHSLá\LZ\V\áDá\ILJXU\QNLGOD2EURĔF\L2SLHNXQD/XG]NRĞFL,]DSHZQHREX-
U]\á\E\VLĊJG\E\LPSRZLHG]LHüĪHSRĞZLĊFHQLHLFKSODQRZDQHE\áRSU]H]SDUW\MQ\FK
HNRQRPLVWyZMDNRZDĪNLHOHPHQWZZDOFH]LQIODFMąLSU]HVDGQ\PVSRĪ\FLHPF]HNRODG\
NWyUąWDNWUXGQRZ\SURGXNRZDüLGRVWDUF]\üQDU\QHNZSRWU]HEQ\FKLORĞFLDFK/HF]NLH-
G\ĞPDáDG]LHZF]\QNDZH]ZDQDGR]ELyUNLQDSUH]HQWGODPRUGHUF\7XFKDF]HZVNLHJR
PLDáDMDNRE\RGSRZLHG]LHü
²$GODF]HJRMDQLHGRVWDMĊRGQLHJRSUH]HQWyZ"
:RGSRZLHG]LXVá\V]DáDRGNRQIRUPLVW\F]QHMQDXF]\FLHONL
²6WDOLQGDáFLZV]\VWNRFRPDV]RMF]\]QĊZROQRĞüV]F]ĊĞOLZHG]LHFLĔVWZR«
']LHZF]\QNDQLHGDáDVLĊ]áDPDüLRGSDUáD]LPQR
²-DFKFĊEXFLNL
7DPDáDG]LHZF]\QND]DVáXJXMHQDPLHMVFHZ3DQWHRQLHZLHONLFKERMRZQLNyZRVHQV
ZVSyáF]HVQHMF\ZLOL]DFMLLFK\EDQLHEH]SU]\F]\Q\]GDU]HQLHWRSRGREQRPLDáRPLHMVFH
Z .UyOHZFX Z PLHĞFLH DXWRUD Ä.U\W\NL F]\VWHJR UR]XPX´ : NRPXQL]PLH XSUDZD WHM
NU\W\NLMHVWF]ĊVWRZUĊNDFKG]LHFL
']LHFNRQLHXPLHLQLHOXELQLHQDZLG]LüDOHXPLHLOXELVLĊEDü7HJRNRPXQL]PQLH
SU]HRF]\á2LOHNRPXQL]PPDSRGĞZLDGRPRĞüMHJROLELGHPMHVWĪąG]DVLDQLDVWUDFKX
LSHUZHUV\MQDWĊVNQRWD]DPLáRĞFLąZGXV]DFKVZ\FKRILDU]DV]\IURZDQDZUyĪQ\FKHX-
IHPL]PDFK']LHFNRVWDMHVLĊĞZLHWQ\PSDUWQHUHPQLHXPLHVLĊEURQLüáDWZRGDMHVLĊ
SU]HVWUDV]\ü V]XND FKĊWQLH L XIQLH VFKURQLHQLD Z UDPLRQDFK VWUDV]ąFHJR 6WUDV]HQLH
G]LHFLLQDXNDMDNPDMąVLĊEDüMHVWUR]NRV]ąNRPXQL]PXPDU]HQLD]DĞNRPXQLVW\F]-
Q\FK F]DUQRNVLĊĪQLNyZ R ]DV]F]HSLDQLX VWUDFKX QD FDáH Ī\FLH Vą OXELHĪQą VXEOLPDFMą
WHM UR]NRV]\ ,OHĪ SU]\V]á\FK VXNFHVyZ SURSDJDQGRZ\FK Z\PXVLü PRĪQD QD OXG]LDFK
R ]Z\URGQLDá\FK RGUXFKDFK L QLHGRZáDG]LH SR]QDZF]\P QD VNXWHN VWUDFKyZ G]LHFLĔ-
VWZD"5]HF]ZW\PE\XPLHMĊWQLHRSHURZDüV\PERODPLVWUDFKX1LHJG\ĞE\áWRRSDVá\
EXUĪXMRĞZLĔVNLPU\MXG]LĞMHVWWRFKXG\SU]HUDĨOLZ\$PHU\NDQLQRVWUDV]Q\PKD-
F]\NRZDW\PQRVLHSRGJZLDĨG]LVW\PF\OLQGUHP]DVWDQDZLDMąFRSU]\SRPLQDMąF\GLDEáD
]FKU]HĞFLMDĔVNLHMLNRQRJUDILL1D]DSDGá\FKNRáFKR]DFKVWUDV]\VLĊG]LĞG]LHFL$PHU\-
NDQLQHP1LHGODWHJRĪH$PHU\NDQLQFRĞ]QDF]\GODOXG]LNWyU]\QDRF]\QLHZLG]LHOL
$PHU\NDQLQDOHF]GODWHJRZáDĞQLHĪHQLFQLH]QDF]\ĪHMHVWSXVW\PV\PEROHPXVWD-
QRZLRQ\P SU]H] QLHSRGOHJDMąFą NRQWUROL LQVWDQFMĊ 5DGLR WHOHZL]MD L SUDVD ]DVWĊSXMą
NVLĊG]DLND]DQLHZIRUPRZDQLXSV\FKRSRMĊFLRZHMRK\G\LXF]ąZDXUHROLSRQDGOXG]-
NLHMWHFKQRORJLLĪH$PHU\NDQLQ]MDGDG]LHFL1LHJG\ĞFLHPQHQLDĔNLJUR]Lá\Ä3U]\MG]LH
GLDEHáLZHĨPLHFLĊGRODVX«´']LĞXGUĊF]RQDQĊG]ąLSUDFąSRQDGVLá\PDWNDZLHMVND
PyZL XIQD Z SRWĊJĊ QDFLVNDMąFHM ]HZV]ąG QD G]LHFNR FHOHEUDFML VORJDQyZ Ä-DN EĊ-
G]LHV]QLHJU]HF]Q\RGGDPFLĊ$PHU\NDQLQRZLNWyU\]DELHU]HFLĊGR$PHU\NL«´
:ĞZLHWOHSDUW\MQHMHJ]HJH]\MHVWWRDSRNDOLSW\F]QHXOWLPDWXPDOHSyĨQLHMZĪ\FLX
RND]XMHVLĊĪHQDOHĪDáRE\üRNURSQ\PG]LHFNLHPDĪHE\RWU]\PDüSUDZG]LZąQDJURGĊ
:W\PSXQNFLHFKU]HĞFLMDĔVNLV\VWHPNDURND]XMHVZąEH]VSU]HF]QąZ\ĪV]RĞüLILQH-
DTP by SHADE 10
]MĊ *ZROL VSUDZLHGOLZRĞFL U]HF WU]HED ĪH DPHU\NDĔVNLH NRPLNV\ GOD G]LHFL SHáQH Vą
VWUDV]OLZ\FK SRVWDFL ]ZDQ\FK 5HGV SRVLDGDMą RQH VLOQLH ]D]QDF]RQH FHFK\ HWQLF]QH
JáyZQLHSU]\SRPRF\RGUDĪDMąF\FKPRUGUXEDV]HN]DPLDVWNRV]XOEąGĨVNRĞQ\FKRF]X
FKDUDNWHU\]XMąF\FKRVWDWQLHRGFK\OHQLHSROLW\F]QHZáRQLH.RPLQIRUPX5yĪQLFDZPH-
WRG]LHLQGRNWU\QDFMLZ\GDMHVLĊQLHZLHONDQLHPQLHMQLJG\MDNRĞQLHVá\V]DáHPRW\PE\
Z$PHU\FHVWUDV]RQRG]LHFL5RVMDQLQHPF]\.RPXQLVWą,VWQLHMHJáĊERNDDQDORJLDSR-
PLĊG]\NRPLNVRZ\P5HGDVPRNLHP]GDZQ\FKEDMHNQLE\VLĊJRWU]HEDEDüDOHFRĞ
MHVWZQLPQLHQDSUDZGĊZLĊFPRĪQDSR]ZROLüVRELHQDEUDNQLHQDZLĞFL7HQXNáDGRG-
]ZLHUFLHGODMDNąĞJáĊERNąSUDZLGáRZRĞüSyNLQLHPDXOWLPDW\ZQHMNRQIURQWDFMLZLĊNV]H
QLHEH]SLHF]HĔVWZRJUR]L5RVML]HVWURQ\$PHU\NLQLĪRGZURWQLH5RVMDZLĊFPXVLSUR-
SDJRZDüVWUDFKSU]HG$PHU\NDQLQHPZĞUyGVZ\FKG]LHFLSRGF]DVJG\$PHU\NDPRĪH
]GDüVLĊQDOXNVXVZHVRáHMSRJDUG\LPLDĪGĪąFH]Z\FLĊVWZD%DWPDQDQDG6PHUVKHP
2SHURZDQLHVWUDFKHPMHVW]UHV]WąRERVLHF]QHLXOHJDZV]HFKVWURQQRĞFLLERJDFWZXVD-
PHJRĪ\FLD']LHFNRZVSyáĪ\MąFH]UDGLHPLWHOHZL]MąZ\PDJDGRGDWNRZ\FKHNVSOLNDFML
Ä7DWR²S\WD²FRWRMHVWSRGĪHJDF]ZRMHQQ\"´5RG]LFHRLOHQLHVąSDUW\MQLLĞFLĞOH
SRLQIRUPRZDQL VDPL QLH ZLHG]ą XVLáXMą ZLĊF Z\PLJDü VLĊ SU]\ SRPRF\ Z\JRGQHJR
FKRü REVNXUDQFNLHJR LGLRPX Ä7R $PHU\NDQLQ DOER NWRĞ ] =DFKRGX «´ ² OXE MHV]-
F]HPQLHMSUHF\]\MQLHÄ7RNWRĞRNLPSLV]HVLĊZJD]HWDFK«,]QyZG]LHFNRZSá\ZD
QDRFHDQPĊWQ\FKUR]UyĪQLHĔ1LHXIQRĞüGRJD]HW\UDGLDF]\WHOHZL]MLMHVWUR]VLDQ\P
ZSRZLHWU]XLPSHUDW\ZHPNWyU\PVLĊRGG\FKDNWyU\GRVWU]HJDVLĊZNDĪG\PVáRZLH
JHĞFLHVSRMU]HQLXLZHVWFKQLHQLXVWDUV]\FK-DNRNLPĞPyZLąĨOHZUDGLRWRPRĪHQLH
MHVWRQWDNL]á\"0RĪHMHVWLQQ\QLĪRQLPSLV]ąPRĪHQLHPDWURVNPDWHULDOQ\FKMDN
ZV]\VF\ZRNRáRPRĪHPDQDZHWVDPRFKyG"7DNLHVąPĊNLEXG]ąFHMVLĊĞZLDGRPRĞFL
1LHXPLHMąFZąWSLüG]LHFNRVND]DQHMHVWQDSU]HJUDQą]NRPXQL]PHPÄ%ĊG]LHP\VLĊ
EDZLOLZSODQSLĊFLROHWQL´²ZRáDMąG]LHFLQDSRGZyU]XF]\QDXOLF\W\PVDP\PWRQHP
MDNLPQLHJG\ĞPDZLDá\Ä%ĊG]LHP\VLĊEDZLOLZVNOHS«´/HF]VNOHSMHVWZNRPXQL]PLH
QLHDWUDNF\MQ\V]DU\SXVW\MHVWPLHMVFHPQXG\LPĊNLW\FKNWyU]\]UHJXá\QLHPRJą
ZQLPGRVWDüWHJRSRFRSU]\V]OLLFRSRZLQQRZQLPE\ü1DWRPLDVWSODQSLĊFLROHWQL
LVWQLHMHZRNRáRZEDUZQ\FKSODNDWDFK]DVWĊSXMąF\FKZHVRáHUHNODP\SáDWNyZRZVLD-
Q\FK]NDSLWDOL]PX']LHFNRQLHZLHĪHSODQSLĊFLROHWQLMHVWMHGQ\PZLHONLPQDGXĪ\FLHP
LKXPEXJLHPG]LĊNLNWyUHPXZáDĞQLHQLHPDQLF]HJRZVNOHSDFKZLĊFXOHJDPLVW\IL-
NDFMLSU]HFLZNWyUHMMHG\QąEURQLąMHVWV]\GHUF]H]ZąWSLHQLH5DWXQHNMHVWZF\QL]PLH
G]LHFNRJU]HF]QHLF\QLF]QHMHVWZVWDQLHRSU]HüVLĊQDMVNXWHF]QLHMJZDáWRPQDGVZRMą
ĞZLDGRPRĞFLą L UDEXQNRZL ĞZLDWD G]LHFLĔVWZD $OH G]LHFNX áDWZLHM MHVW E\ü ZDQGDOHP
EDUEDU]\ĔFą PRUGHUFą JZDáFLFLHOHP RSUDZFą RNUXWQLNLHP L NáDPFą QLĪ F\QLNLHP
:HMĞFLHGRNRPXQLVW\F]QHJRVNOHSX]]DEDZNDPLZ\PDJDGXĪHMVLá\FKDUDNWHUXLW\ONR
MHGQRVWNLZLHONLHJRGXFKDQLH]DáDPXMąVLĊLQLHV]XNDMąUDWXQNXZSDQLF]QHMXFLHF]FH
SU]HGNRQFHQWUDWHPSRQXUHMEU]\GRW\VNXPXORZDQHMZREHFQ\FKWDP]H]RZDW\FKODO-
NDFKVDG\VW\F]Q\FKPLVLDFKSRNUĊFRQ\FKSU]H]UHXPDW\]PĪ\UDIDFKSDMDFDFK]SOX-
V]XXĪ\ZDQHJRZNUDMDFKF\ZLOL]RZDQ\FKQDVLHG]HQLDZSRFLąJDFKEąF]NDFKNWyUH
ZLPLĊQLH]QDQHJRVDERWDĪXQLHNUĊFąVLĊLSLáNDFKNWyUHQLHRGELMDMąVLĊRGSRGáRJL
']LHFNRF\QLF]QHSRVWDZLRQHRNRZRNR]WDNLPNRV]PDUHPQLH]DSáDF]HU]HZQLHOHF]
XĞPLHFKQLHVLĊZ\UR]XPLDOH=DEDZNLVąSU]HGPLRWHPRĪ\ZLRQHMG\VNXVMLZSUDVLHRG
]DUDQLDNRPXQL]PXQLNWWDPQLHPRĪH]UR]XPLHüGODF]HJRRGSRZLHGQLSU]HP\VáQLH
MHVWZVWDQLHZ\SURGXNRZDüSU]HGPLRWyZZ]EXG]DMąF\FKQDW\FKPLDVWRZHJRGRMPXMą-
FHJRMĊNX3UDZGRSRGREQLHEáąGWNZLZWHRULLNWyUDQDU]XFD]DVDGĊĪH]DEDZNDZLQQD
XF]\üDQLHEDZLü3HGDJRJLNDZUĊNDFKW\FKVDP\FKSODQLVWyZNWyU]\ZLHU]ąZZDORU
Z\FKRZDZF]\SUH]HQWyZGOD6WDOLQD]DXFLXáDQHSU]H]G]LHFLJURV]HXZDĪDĪHNRWHN
QLH MHVW F]\PĞ FR QDOHĪ\ NRFKDü OHF] MHVW F]áRQNLHP VRFMDOLVW\F]QHJR ]ZLHU]RVWDQX
L G]LHFNR ZLQQR PLHü GR NRWND RGSRZLHGQL VWRVXQHN XZ]JOĊGQLDMąF\ MHJR SU]\QDOHĪ-
QRĞü6NOHS\NRPLVRZHMHGQD]QDMSRWĊĪQLHMV]\FKLQVW\WXFMLHNRQRPLF]Q\FKZNRPXQL-
]PLHVąSHáQH]DEDZHN]NDSLWDOLVW\F]QHJRĞZLDWDZLDGRPRSRZV]HFKQLHĪHRSáDFDVLĊ
MHSU]\ZR]Lü']LHFNR]Z\NáHUR]SĊWXMHQLHE\ZDáHDZDQWXU\QDZLGRNVNOHSXNRPLVRZH-
DTP by SHADE 11
JRSRSURVWXFKFHPLHüQDW\FKPLDVWZV]\VWNRFRZQLPMHVW']LHFNRF\QLF]QH]DFKR-
ZXMHVLĊVSRNRMQLHZLHĪHFHQ\ZNRPLVDFKVąNDU\NDWXUDOQLHZ\VRNLHLPDáRNWRPRĪH
VRELH SR]ZROLü QD NXSRZDQLH WDP ]DEDZHN D QD SHZQR MXĪ QLH MHJR URG]LFH 1DZHW
X ]DPRĪQLHMV]\FK URG]LFyZ G]LHFNR F\QLF]QH QLH GRPDJD VLĊ SRPDUDĔF] UR]XPLH ĪH
SRPDUDĔF]HZVNOHSDFKWRFXGQDWXU\UD]QDURNZVNOHSDFK]DĞFXGyZQLHPRĪQDVLĊ
GRPDJDüWU]HEDQDQLHF]HNDü'REU]HMHVWE\üG]LHFNLHPF\QLF]Q\PZNRPXQL]PLH
ZV]\VF\MHNRFKDMąDURG]LFHPyZLą]GXPąÄ7RWDNLHNRFKDQHG]LHFNR«´FKZDOąVLĊ
QLPQLHZLHG]ąFĪHMHVWRQRSRSURVWXG]LHFNLHPF\QLF]Q\PF]\OLXáDWZLDMąF\PĪ\FLH
.
-DNFKRG]LüGRV]NRá\
.
6]NRáD Z NRPXQL]PLH Z\JOąGD WDN MDN V]NRáD Z GHPRNUDFML 'XĪR V]Nyá Z\JOą-
GD QDZHW OHSLHM V]NRá\ VWDQRZLą XOXELRQH PLHMVFD GR NWyU\FK ]ZR]L VLĊ RILFMDOQ\FK
JRĞFL ] ]DJUDQLF\ZURJLFK G]LHQQLNDU]\L Z\FLHF]NL NRPXQLVWyZ] NUDMyZJG]LH MHV]-
F]HQLHGRV]OLRQLGRZáDG]\6ąWRSLĊNQHQRZRF]HVQHEXG\QNLSURMHNWRZDQHSU]H]
QDMOHSV]\FKDUFKLWHNWyZZ\SRVDĪRQHZSU]HVWU]HQQHNODV\LPSRQXMąFHSHáQHVáRĔFD
LSRZLHWU]DRNQD]JRGQH]RVWDWQLPL]GRE\F]DPLSHGDJRJLNLáDZNLLSRPRFHV]NROQH
']LHFLMDNZLDGRPRXPLHMąZ\UDĪDüPQyVWZRXF]XüSUyF]LURQLLVWąGVąQLH]DZRGQą
SRPRFąZHZV]HONLFKDNFMDFKSURSDJDQGRZ\FKG]LHFNRNU]\F]\Ä7DN´OXEÄ1LH´DOH
QLHXPLHXMDZQLüVZHMGH]DSUREDW\ZVSRVyEPHODQFKROLMQ\LGZX]QDF]Q\WDNDE\QLH
QDUD]LüVLĊQDUHSUHVMHFRSRWUDILNDĪG\URERWQLN'ODWHJRZLĊFOHSLHMMHVWZR]LüJRĞFL
GRV]NyáQLĪGRIDEU\N
%\VWU\ L XZDĪQ\ REVHUZDWRU R LOH Z\PNQLH VLĊ QD FKZLOĊ ] SLHF]RáRZLWRĞFL SU]H-
ZRGQLNyZ L ]DMU]\ GR NODV\ QLHSU]\JRWRZDQHM GR ZL]\W GRVWU]HĪH QDW\FKPLDVW GUD-
VW\F]QąUR]ELHĪQRĞüSRPLĊG]\UR]PDFKHPDUFKLWHNWXU\DRJyOQ\PVWDQHPVFKOXGQRĞFL
ZHZQąWU]EXG\QNX5]HFPRĪQDĪHMHVWWRVWDQQDSRJUDQLF]XGHZDVWDFMLZ]EXG]DMąFHM
]DVWDQRZLHQLH1DZHWQDMEDUG]LHMZ]RURZDV]NRáDSRGGDQDG\QDPLFHVHWHNPáRG\FK
LVWRWNWyU\FKLPSHUDW\ZHPĪ\FLDMHVWNUDĔFRZDSRJDUGDGODZV]\VWNLHJRFRSDĔVWZR-
ZH SU]HLVWDF]D VLĊ ZNUyWFH Z ĞPLHWQLN /LFKRĞü NRPXQLVW\F]Q\FK SURGXNWyZ D ZLĊF
LPDWHULDáyZEXGRZODQ\FKPHWRGNRQVWUXNFMLLZ\SRVDĪHQLD]XSHáQLHQLH]GROQ\FKGR
ZDONL]F]DVHPJUDZSURFHVLHUR]SDGXZLHONąUROĊ3UDVDLWHOHZL]MDWDNLHXZLHOELDMą
SRND]\ZDüV]NRá\UHV]FLHVSRáHF]HĔVWZDLOXVWUXMąFQLPLZVSDQLDáHRVLąJQLĊFLDNRPXQL-
]PXF]\QLąWRMHGQDN]GXĪą]UĊF]QRĞFLąLZG]LĊNLHP]DZV]HSDPLĊWDMąFRW\PĪHE\
QLH SRND]Dü WHJR FR QLH WU]HED -HVW WR WDNW\F]QLH ZVSDQLDáH SRFLąJQLĊFLH L PQyVWZR
XF]QLyZPRĪHVRELHG]LĊNLWHPXSRP\ĞOHüĪHW\ONRMHJRV]NRáDWDNRNURSQLHZ\JOąGD
SRGF]DVJG\ZV]\VWNLHLQQHZ\JOąGDMąMDNZWHOHZL]ML7HQSURVW\]DELHJLQGRNWU\QD-
F\MQ\PDWHRUHW\F]QLHFHFK\JHQLDOQRĞFLZSUDNW\FHSU]\QRVLMHGQDN]XSHáQLHRGZURW-
QH RG ]DPLHU]RQ\FK VNXWNL 3RF]ąWNRZR XF]QLRZLH SU]\SLVXMą IL]\F]Q\ XSDGHN VZRMHM
V]NRá\ORNDOQ\PFHFKRPQLHGRVNRQDáRĞFL2GZF]HVQHJRG]LHFLĔVWZD]QDMą]DXWRSVML
PDUQRĞü L QĊG]Ċ E\WX ZRNRáR VLHELH MHJR UR]GĨZLĊN ] V\PERODPL Z SUDVLH Z NLQLH
QDDILV]XSURSDJDQGRZ\PDOHP\ĞOąVRELHĪHWDNĨOHMHVWWX]DĞJG]LHLQG]LHMPRĪH
E\ü OHSLHM 'RSLHUR VWZLHUG]HQLH ĪH QLH VLĊ QLH UREL GOD RFDOHQLD LFK V]NRá\ MHG\QLH
SU]HVWDMHRQDE\üIRWRJUDIRZDQDL ILOPRZDQDRLOH SU]HGWHPE\áD]DĞQDMHM PLHMVFH
SRMDZLDVLĊQRZDZ]RURZDV]NRáD]PXV]DLFKGRUHIOHNVML1LHZLHG]ąRQLMHV]F]HĪH
ZNRPXQL]PLHáDWZLHMMHVW]EXGRZDüU]HF]QRZąQLĪXWU]\PDüMXĪ]EXGRZDQąZVWDQLH
SU]\GDWQRĞFLĪHE\MXĪQLHZVSRPQLHüRMHMXOHSV]DQLX=DJDGQLHQLHUHPRQWXLRGQRZ\
MHVW NOXF]RZ\P SUREOHPHP WDN PDWHULDOQ\FK MDN L GXFKRZ\P MDN GRWąG NRPXQL]P
VSDUDOLĪRZDQ\MHVWPDJLF]QąQLHPRĪQRĞFLąQDSUDZLHQLDF]HJRNROZLHNFRXWUDFLáR]GRO-
QRĞüIXQNFMRQRZDQLD8F]HĔ]DĞSU]HVWDMąFE\üXF]QLHPDVWDMąFVLĊF]áRZLHNLHPMHV]-
F]HSU]HGRNUHVHPGRMU]HZDQLDXF]\VLĊ²RWOHQLHMHVWZ\MąWNRZ\PLGLRWą²MHGQHJR
]]DVDGQLF]\FKSUDZLVWQLHQLDZNRPXQL]PLHPLDQRZLFLHĪHWRFR]RVWDMHSRGDQH,]D
UHJXáĊMHVW]DZV]HZ\MąWNLHPDZáDĞQLHSR]RUQ\Z\MąWHNVWDQRZLUHJXáĊ&]\OLSRMPXMH
UD] QD ]DZV]H SLHUZV]H SU]\ND]DQLH SURSDJDQG\ NWyUD Z NRPXQL]PLH MHVW MHG\Q\P
DTP by SHADE 12
XĞZLĊFRQ\PSU]H]WHRULĊQDU]ĊG]LHPNV]WDáWRZDQLDOXG]NLHMĞZLDGRPRĞFLLNWyUDWRZD-
U]\V]\üPXEĊG]LHRGWąGSU]H]FDáHĪ\FLH
0HWDIL]\F]Q\ QDND] GUDSLHĪQHJR VWRVXQNX GR ZV]\VWNLHJR FR SDĔVWZRZH SU]\-
ELHUDMąF\EąGĨIRUPĊSU]\ZáDV]F]DQLDEąGĨEH]LQWHUHVRZQHJRQLV]F]HQLDVWDQRZLFRĞ
ZURG]DMXLQVW\QNWXVDPR]DFKRZDZF]HJRMDNLHJRĞpODQYLWDO]NWyU\PSU]\FKRG]LVLĊ
Z NRPXQL]PLH QD ĞZLDW àDWZR E\áRE\ JR QD]ZDü ZDQGDOL]PHP OHF] WHQ PD VZRMH
NRU]HQLH Z EH]P\ĞOQHM UR]NRV]\ GUX]JRWDQLD SRGF]DV JG\ WDPWHQ NU\VWDOL]XMH VLĊ
ZFLHPQ\PQLHPDOELRORJLF]Q\PQDND]LHZ\UyZQDQLDNU]\ZGNWyU\FKĨUyGáHPMHVWQLH-
XFKZ\WQHWDMHPQLF]HSRMHFLH3DĔVWZD8U]ĊGQLF\PLOLFMDQFLLĪRáQLHU]HF]\OLRSUDZF\
ZLPLĊ3DĔVWZDDF]]QLHQDZLG]HQLEXG]ąPQLHMRZ\FKQLHZ\WáXPDF]DOQ\FKGODV]DUH-
JRF]áRZLHND]á\FKSDVMLLQDPLĊWQRĞFLQLĪVDPR3DĔVWZR²U]HF]]NDWHJRULLĪ\ZLRáX
]DZV]H ]ZUyFRQD SU]HFLZ F]áRZLHNRZL ,FK F]áRZLHF]HĔVWZR L V]DPRWDQLQD ] Ī\FLHP
Vą GRVWU]HJDOQHSRGF]DV JG\ EH]RVRERZRĞü 3DĔVWZD VSUDZLD ĪH RWDF]D MH QLHQDZLĞü
PLVW\F]QDMDNJU]HFKZĞUHGQLRZLHF]X'RPURG]LQQ\SLHOĊJQXMHWHQLPSXOVLUR]ZLMD
F]DVHP]WURVNOLZąRWZDUWRĞFLąSRZLHG]HQLHÄ7RW\ONRSDĔVWZRZH«´UR]JU]HV]DNDĪGH
QDGXĪ\FLH MHG\Q\P ]DĞ QDND]HP PRUDOQ\ MHVW VNXWHF]QH XQLNQLHFLH SU]\áDSDQLD QD
JRUąF\P XF]\QNX L NDU\ 3U]\ZyGF\ NRPXQLVW\F]QL ]GDMą VRELH ] WHJR VSUDZĊ WRWHĪ
V]NRáDPDE\üSLHUZV]DZĪ\FLXF]áRZLHNDLQVWDQFMDNWyUHM]DGDQLHPMHVWZ\NRU]HQLH-
QLHRZHMSU]\ZDU\2LOH]DGDQLHPV]NRá\ZGHPRNUDFMLMHVWSU]\JRWRZDQLHF]áRZLHND
GRĪ\FLDZRJyOHLSU]HND]DQLHPXGRVWDWHF]QHMLORĞFLZLDGRPRĞFLMDNLHPRJąPXVLĊ
ZĪ\FLXSU]\GDüEąGĨZSá\QąQDMHJRGDOV]\UR]ZyMRW\OHV]NRáDNRPXQLVW\F]QDPD]D
FHOSU]\JRWRZDQLHGRĪ\FLDZNRPXQL]PLHF]\OLSU]HND]DQLHZ\áąF]QLHLQIRUPDFMLZSá\-
ZDMąF\FKQDIRUPRZDQLHRVRE\]NWyUHMNRPXQL]PF]HUSDáNRU]\ĞFL2ILFMDOQLHQD]\ZD
VLĊ WR NV]WDáWRZDQLHP MHGQRVWNL ]GROQHM GR RILDUQHJR Ī\FLD GOD VZHJR VSRáHF]HĔVWZD
:SUDNW\FHZ\JOąGDWRWDN
²SRGUĊF]QLNLKLVWRULLQLHPDMąQLFZVSyOQHJR]KLVWRULąLFK]DGDQLHPMHVWJORU\-
ILNDFMDDQLHNRG\ILNDFMDIDNWyZSURZDG]LWRGR]DG]LZLDMąF\FKXMĊüZNWyU\FKP\ĞOL
LF]\Q\ĞUHGQLRZLHF]Q\FKERKDWHUyZQDURGRZ\FKNUyOyZLGXFKRZLHĔVWZDZ\MDĞQLDQH
VąLPRW\ZRZDQHMĊ]\NLHPDNWXDOQ\FKDUW\NXáyZSUDVRZ\FKGRQRV]ąF\FKRRVLąJQLĊ-
FLDFKNRPXQLVWyZ]F]HJRZ\QLNDQDSU]\NáDGĪHNUXFMDW\E\á\SU]HGVLĊZ]LĊFLHPNDWR-
OLFNLFKSRGĪHJDF]\ZRMHQQ\FKXVLáXMąF\FKVNLHURZDüNODVRZ\JQLHZZ\QĊG]QLDáHJROXGX
QDWRU\LPSHULDOLVW\F]Q\FKDZDQWXU
² ] QDXNL R OLWHUDWXU]H Z\QLND ĪH Ä)DXVW´ *RHWKHJR MHVW Z\UD]HP SU]\ZLą]DQLD
SRHW\GRWUDG\FMLOXGRZHMLLGHLSRVWĊSXDSUDVWDUDOHJHQGDR]PDJDQLDFK)DXVWD]0H-
ILVWRIHOHVHPRG]ZLHUFLHGODGąĪHQLDPDVSUDFXMąF\FKGRXQLH]DOHĪQLHQLDVLĊRGUHOLJLL
² ]D F]DVyZ W\UDQLL 6WDOLQD QDXF]DQLH ZUD] ] FDáą NXOWXUą ZWUąFRQH ]RVWDáR
ZRGPĊWQHREDUEDU]\ĔVWZDQLHOLF]ąFHJRVLĊQDZHW]SR]RUDPLSUDZGRSRGRELHĔVWZD
LWDNXF]RQRZV]NRáDFKĪHZF]DVLHGUXJLHMZRMQ\ĞZLDWRZHMDOLDQFLE\OLZWDMQHM]PR-
ZLH]+LWOHUHPLGRSLHURROĞQLHZDMąFH]Z\FLĊVWZD=655SRGZRG]ąJHQLDOQHJR6WDOLQD
VNáRQLá\LFKGR]GUDG\+LWOHUDLSU]\áąF]HQLDVLĊGRWULXPIXMąFHM&]HUZRQHM$UPLL
²SRQLHZDĪ5RVMDQLHGRNRQDOLSLHUZVLUHZROXFMLNRPXQLVW\F]QHMSU]HWRORJLF]Q\P
ZQLRVNLHPMHVWĪHVąRQLĨUyGáHPLJáyZQąVLáąQDSĊGRZąFDáHMZVSyáF]HVQHMF\ZLOL]D-
FMLMDNGRWąGQDXNDLZLHG]D]PRQRSROL]RZDQHSU]H]NDSLWDOLVWyZIDáV]RZDá\IDNW\
NWyUHWU]HEDVSURVWRZDüZ NRQVHNZHQFMLWHJRSURVWRZDQLDRND]XMHVLĊZ SRGUĊF]QL-
NDFKNRPXQLVW\F]Q\FKĪHPDV]\QĊSDURZąZ\QDOD]á5RVMDQLQUDGLR²5RVMDQLQ5R-
VMDQLH]EXGRZDOLSLHUZV]ąNDWHGUĊJRW\FNąLRWZRU]\OLSLHUZV]\ZG]LHMDFKVNOHS
: SROVNLFK V]NRáDFK SRMĊWQL XF]QLRZLH WZLHUG]LOL VNZDSOLZLH QD HJ]DPLQDFK ĪH
VFKRG\Z\QDOD]á5RVMDQLQQD]ZLVNLHP,ZDQ6FKRGRZ$PHU\NĊRGNU\á.U]\V]WRI7LPR-
ILHMHZLF].ROXPERZDHOHNWU\F]QRĞüQLHMDNL%HQLDPLQ)UDQNOLQHQNR
6]NRáDMDNZLDGRPRZV]ĊG]LHSUyEXMHXF]\üSLHUZV]\FKZĪ\FLXORMDOQRĞFL:GH-
PRNUDFMDFK QDXND WDND GRW\F]\ ]ZLą]NyZ F]áRZLHND ] F]áRZLHNLHP RUD] ] RWDF]DMąFą
JRZVSyOQRWąVSRáHF]QąF]ĊVWRRNUHĞODQąMDNRQDUyGOHF]QLHWUDNWRZDQąMDNRZDUWRĞü
QDMZ\ĪV]D 3U]HMDZ\ VFHSW\F\]PX ZREHF ZGUDĪDQ\FK SUDZG F]\ VSRVREyZ P\ĞOHQLD
DTP by SHADE 13
LSRVWĊSRZDQLDXZDĪDQHVą]DGRZyGUXFKOLZRĞFLXP\VáRZHMDQDZHWLQWHOLJHQFML:NR-
PXQLVW\F]QHMV]NROHZGUDĪDVLĊXF]QLRPSU]HGHZV]\VWNLPGRJPDWSDUW\MQHJRDEVROX-
WXNWyU\XWZLHUG]LüJRPDUD]QD]DZV]HZSU]HNRQDQLXĪHSDUWLDNRPXQLVW\F]QDMHVW
EáRJRVáDZLRQ\PGDZFąLVSUDZLHGOLZ\PUHJXODWRUHP:6=<67.,(*2DMHGQRURGQRĞü
LQWHUHVyZ:6=<67.,&+RE\ZDWHOLRUD]LFKPDU]HĔSODQyZNXFKHQNDSHOXV]\SVyZ
NRWyZ L PDV]\QHN GR JROHQLD ] LQWHUHVHP SDUWLL QLH PRĪH E\ü SRGDQD Z ZąWSOLZRĞü
6WąG QDMOĪHMV]\ SU]HMDZ VFHSW\F\]PX F]\ ]DVWU]HĪHQLH SRF]\W\ZDQH MHVW RG UD]X ]D
REMDZEXQWXSU]HFLZQLHQDUXV]DOQ\PSUDZGRPLĞZLĊWRĞFLRP$E\ZLĊFSU]HE\üV]NRáĊ
LRWU]\PDüĞZLDGHFWZRMHMXNRĔF]HQLDQLHRG]RZQHGODGDOV]\FKVWXGLyZLNRQLHF]QHGOD
OLF]Q\FKXáDWZLHĔZĪ\FLXWU]HEDSU]HWR
²VáXFKDüDQLHPyZLü
²MDNPyZLüWR]JDG]DMąFVLĊ]NDĪG\PRILFMDOQ\PSXQNWHPZLG]HQLDLFKZDOąFJR
MDNRMHG\Q\VáXV]Q\PąGU\GREU\
²MDNFKZDOLüWRQLHEDF]ąFQDĪDGQHNU\WHULDUDFMRQDOL]PXHUXG\FMLSUDZGRSR-
GRELHĔVWZDF]\QDZHW]GURZHJRUR]VąGNX]DF]DVyZ6WDOLQDXĪ\ZDQLHWDNLFKFKZ\WyZ
MDNÄ6WDOLQQDV]JHQLDOQ\2MFLHFNWyU\QDVZV]\VWNLFKVWZRU]\áRĪ\ZLáGDáQDPZLHF]-
QHV]F]ĊĞFLHLSLHUZV]\VIRUPXáRZDáWZLHUG]HQLH3LWDJRUDVD«´JZDUDQWRZDáRQDMOHSV]H
VWRSQLH]PDWHPDW\NLXPLHMĊWQHREU]XFDQLHEáRWHPZURJyZ6WDOLQDMDNÄQLHV\W\NUZL
OXGXSUDFXMąFHJRZDPSLU7URFNL´DOERÄIDV]\VWRZVNLPRUGHUFDURERWQLNyZ7XFKDF]HZ-
VNL´GRZRG]Lá\GXĪHJRZ\URELHQLDSROLW\F]QHJRZPáRG\PZLHNXLZVND]\ZDá\QDF]\-
WDQLHJD]HWERZLHPZURJRZLH6WDOLQDQLHLVWQLHOLZSRGUĊF]QLNDFKUHZROXFMDSDĨG]LHU-
QLNRZDMHVWWDPRSLVDQDEH]Z\PLHQLHQLDFKRüUD]QD]ZLVND7URFNLHJRDOHSU]\RSLVLH
WUXGQRĞFLSLHUZV]\FKSLDWLOHWHNLSURFHVyZPRVNLHZVNLFKSRMDZLDVLĊQDJOHWHUPLQWURF-
NLĞFLMDNRXRVRELHQLHZV]HONLHJRGHPRQLF]QHJR]áDVWąGNDĪG\XF]HĔSRZLQLHQE\áZLH-
G]LHüĪHW\ONR6WDOLQSU]\SRPRF\/HQLQDGRNRQDáUHZROXFMLVDPMHGHQZ\JUDáZRMQĊ
GRPRZą]EXGRZDáSU]HP\VáVRFMDOL]PSRF]\PRGQLHFKFHQLDMDNRVROLVWDSRNRQDá
1LHPFyZ:áRFKyZL-DSRĔF]\NyZ7DNMDZQHQDGXĪ\ZDQLHSUDZG\LSUDZGRSRGRELHĔ-
VWZD ² ]UHV]Wą PRFQR ]UDFMRQDOL]RZDQH L ]áDJRG]RQH Z HSRFH SRVWDOLQRZVNLHM OHF]
VWDQRZLąFHSRGVWDZĊPHWRGRORJLF]QąZV]NROH²SURZDG]LGR]DVDGQLF]\FKSRG]LDáyZ
ZV]NROQHMVSRáHF]QRĞFL:LHNV]NROQ\MHVWZLHNLHPEXG]ąF\FKVLĊFLHNDZRĞFLFKáRSLHF
LG]LHZF]\QND]DF]\QDMąLQWHUHVRZDüVLĊFRUD]V]HU]HMZáDVQ\PRWRF]HQLHPWR]DĞFR
ZLG]ą L SR]QDMą VNáDQLD LFK GR SU]HNRU\ ² SLHUZV]HM IRUP\ NU\W\F\]PX : GRPX GR-
VWU]HJDMąQLHNRĔF]ąFHVLĊWUXGQRĞFLFLąJá\EUDNSLHQLĊG]\LQDMSRWU]HEQLHMV]\FKSU]HG-
PLRWyZSU\PLW\ZL]PHJ]\VWHQFMLPRUGHUF]HSU]HSUDFRZDQLHRMFDLPDWNLZSRJRQL]D
PLQLPXPXWU]\PDQLD:V]NROHXF]ąVLĊĪHĪ\MąZQDMGRVNRQDOV]\PPRGHOXVSRáHF]-
Q\PJG]LHOXG]LHPXV]ąE\üV]F]ĊĞOLZL:URG]LQDFKSDUW\MQ\FKZLG]ąZV]HFKREHMPX-
MąF\VWUDFKSU]HGZáDG]ąDXWRU\WHWHPRGSRZLHG]LDOQRĞFLąVá\V]ąQLHZROQLF]HVORJDQ\
SU]HSLVDQ\FKSU]H]SDUWLĊSDFLHU]\:V]NROHXF]ąVLĊRW\PMDNNDSLWDOL]PGáDZLSRQLĪD
LGHJUDGXMHF]áRZLHNDDMDNVRFMDOL]PJRZ\]ZDOD$OHĞZLDWHU\WHFKQRORJLLLHOHNWURQLNL
WRQDF]\QLDSRáąF]RQHZNWyU\FKQLFQLH]GRáDMXĪ]DSRELHFSU]HQLNDQLXLF\UNXODFMLQDM-
SURVWV]\FKZLDGRPRĞFL:LHNV]NROQ\WRF]DVNLHG\Vá\V]\VLĊSRUD]SLHUZV]\IUDQFXVNą
F]\DPHU\NDĔVNąSLRVHQNĊZNWyUHMVWZLHUG]DVLĊ]H]GXPLHQLHP]XSHáQ\EUDNDNFHQWX
SURSDJDQGRZHJRZSDGDGRUąNLOXVWURZDQHSLVPR]=DFKRGXSHáQH]GMĊüSU]HGPLR-
WyZXEUDĔOXG]LVDPRFKRGyZZ\JOąGDMąF\FKQLHVNRĔF]HQLHOHSLHMQLĪWRFRZLG]LVLĊ
ZRNRáRVLHELHDOERZHZáDVQ\FKJD]HWDFKRJOąGDVLĊILOPNWyUHJRWUHĞFLąMHVWZ\áąF]QLH
PLáRĞüOXESU]\JRGD:SUDZG]LHV]NRáDNRQWUXMHQDW\FKPLDVWXF]ąFRSRWĊG]H]DFKRG-
QLRGHPRNUDW\F]QHJREOLFKWUXLUHNODP\NWyUHSRNU\ZDMąEH]EU]HĪQąQĊG]ĊRJURPQ\FK
PDVOXGQRĞFL²ZMHGQ\P]SRGUĊF]QLNyZV]NROQ\FK]QDOHĨüPRĪQDE\áRZSRF]ąWNDFK
ODWSLĊüG]LHVLąW\FK]GMĊFLHPDá\FKZ\QĊG]QLDá\FKG]LHFLOHĪąF\FKQDWURWXDU]HMDNR
LOXVWUDFMĊGROHNFMLRW\PMDNG]LHFLXPLHUDMą]JáRGXQDXOLFDFK1RZHJR-RUNXZVą-
VLHG]WZLH:DOO6WUHHW²OHF]WU]HEDE\üMHGQRVWNąZ\MąWNRZRVáDERUR]ZLQLĊWąXP\VáR-
ZRE\QLHGRVWU]HFNDWDVWURIDOQ\FKVSU]HF]QRĞFLSRPLĊG]\WZLHUG]HQLDPLV]NRá\0QRĪą
VLĊOXNLZUR]XPRZDQLXZV]NROH]DĞRQLFS\WDüQLHZROQRDE\QLHZ]EXG]LüSRGHMU]HĔ
DTP by SHADE 14
Z QDGJRUOLZ\FK QDXF]\FLHODFK OXE NROHJDFK ] RUJDQL]DFML SROLW\F]Q\FK : WHQ VSRVyE
QDVWĊSXMHUR]ZDUVWZLDQLHV]NROQHMVSRáHF]QRĞFLQDWU]\]DVDGQLF]HJUXS\
3LHUZV]DMHVWJUXSDPLOF]ąF\FK6WDQRZLąSU]\JQLDWDMąFąZLĊNV]RĞü2QLFQLHS\WD-
MąQLHZ\UDĪDMąVąGyZZáDVQ\FK&KFąMDNQDMV]\EFLHMSU]HMĞüSU]H]V]NRáĊLRWU]\PDü
XU]ĊGRZHĞZLDGHFWZRMHMXNRĔF]HQLD
'UXJąMHVWJUXSDF\QLNyZ0yZLąGXĪRLZWRQLHZ\UDĨQHJRVHUZLOL]PXDOHZLGDü
SRQLFKĪHDEVROXWQLHQLHZLHU]ąZWRFRPyZLą3R]RUQLHDNFHSWXMąZV]\VWNRFRSR-
GDMHLPVLĊGRZLHU]HQLDOHF]LFKDNFHSWDFMDQRVLFHFK\V]\GHUVWZDZ\UDĨQHJRDOHWDN
RVWURĪQHJRDĪHE\QLHPRĪQDVLĊE\áRGRĔSU]\F]HSLü:F]HĞQLHGRV]OLGRZQLRVNXĪH
MHG\Qą ZROQRĞFLą MDNą PRJą ]GRE\ü Z NRPXQL]PLH MHVW ZROQRĞü RG ZV]HONLHM ZLDU\
ZFRNROZLHNDOERSUDZRGREH]EU]HĪQHMQLHQDZLVWQHMSRJDUG\]DFHQĊRVWHQWDF\MQHJR
SU]\WDNLZDQLD&HOHPLFKMHVW]GRE\FLHVRELHMHV]F]HZV]NROHRSLQLLNWyUDSyĨQLHM]D-
SHZQLLPSRZRG]HQLHPDWHULDOQHLNDULHUĊ-HVWWRRSLQLDXOHJáHJRFKRüQLHSRNRQDQHJR
FKĊWQHJRGRVáXĪE\NDĪGHMVSUDZLHZ]DPLDQ]DRGSRZLHGQLHZ\QDJURG]HQLH
7U]HFLąMHVWJUXSDLGHDOLVWyZ,FKPáRG]LHĔF]DSRWU]HEDZLDU\MHVWWDNVLOQDĪHZLH-
U]ąQDZHWZWRF]HJRXF]\LFKV]NRáD-HVWLFKEDUG]RPDáR]D]Z\F]DMSRFKRG]ą]UR-
G]LQRGGDQ\FKF]áRQNyZSDUWLLQDZ\VRNLFKVWDQRZLVNDFKF]\OL]HVIHU\Z\L]RORZDQHM
]UHV]W\VSRáHF]HĔVWZD,FKURG]LFHVąF]DVDPLOXGĨPLZ\VRNLHMNODV\RVRELVWHMGHWHU-
PLQXMąFLFKLGHDOL]P:V]NROHVWDQRZLąWU]RQRUJDQL]DFMLSROLW\F]Q\FK6WRL]DQLPLFDáD
PRFSDĔVWZDV\VWHPXVSRáHF]QHJRLDSDUDWXZáDG]\FRVSUDZLDĪHLFKPáRG]LHĔF]D
QLH]UĊF]QRĞüZRSHURZDQLXWDNLP]DVREHPSRWĊJLVWDMHVLĊĨUyGáHPOLF]Q\FKQLHV]F]ĊĞü
LNU]\ZGLQQ\FKOXG]L2F]\ZLĞFLHRWRF]HQLVąSRZV]HFKQąQLHQDZLĞFLąQDNWyUąF]ĊVWR
QLH]DVáXJXMąDOHNWyUDW\ONRLFKXPDFQLDZSU]HNRQDQLXĪHEH]Z]JOĊGQRĞüMHVWPą-
GURĞFLą
3RZVWDMHS\WDQLHF]\QLNWQLJG\VLĊQLHSU]HFLZVWDZLD"&]\]DVDGQLF]\UR]GĨZLĊN
SRPLĊG]\Z\MDĞQLDQLHPĞZLDWDDVDP\PĞZLDWHPQLHEXG]LZQLNLPRSRUXSURWHVWX
VSU]HFLZX" 2G F]DVX GR F]DVX ]GDU]DMą VLĊ PáRG]L EXQWRZQLF\ ]DELHUDMąF\ JáRV QD
OHNFMDFKLG]LHFLQQLHIRUPXáXMąF\VZHQLHSRUDGQHYHWR=DF]DVyZ6WDOLQDZ\VWąSLHQLH
WDNLH NZDOLILNRZDáR GR QDW\FKPLDVWRZHJR Z\U]XFHQLD ]H V]NRá\ FR UyZQDáR VLĊ SU]\-
PXVRZHMUH]\JQDFML]GDOV]HJRNV]WDáFHQLDVLĊZRJyOH=QDQHVąZ\SDGNLWDNZ5RVML
MDNLZHZVFKRGQLHM(XURSLHJG\SROLFMDSROLW\F]QD]DELHUDáDNLONXQDVWROHWQLFKXF]QLyZ
ZSURVW]HV]NyáLWU]\PDáDEH]VąGXZWDN]ZDQ\PĞOHG]WZLHFDáHODWDZZLĊ]LHQLDFK
MHG\QLH ]D ZąWSOLZRĞFL NWR SLHUZV]\ UR]SRF]ąá ZRMQĊ Z .RUHL : HSRFH SRVWDOLQRZ-
VNLHMSUDNW\NLWHXOHJá\]QDF]QHPX]áDJRG]HQLXQLHPQLHM]DVDGDEH]OLWRVQHJRWĊSLHQLD
ZąWSLąF\FKQDGDOU]ąG]LV]NRáą1DMJURĨQLHMV]\PMHMQDU]ĊG]LHPMHVW]XSHáQDL]RODFMD
LSU]HPLOF]DQLHIDNWyZRSRUX*G\ZGHPRNUDFMLXF]QLRZLHZ\UDĪDMąVZHQLH]DGRZR-
OHQLDSUDVDLPDVV±PHGLDGRQRV]ąRW\PV]HURNRQDVWĊSXMąFHHZHQWXDOQLHUHSUHVMH
VąUyZQLHĪSRGDQHGRRJyOQHMZLDGRPRĞFLEXG]ąFV\PSDWLHGOD]EXQWRZDQ\FKNWyUH
WRV\PSDWLHVWDMąVLĊF]DVHPSRGVWDZąLFK]Z\FLĊVWZDEąGĨSRSURVWXWULXPIXVSUD-
ZLHGOLZRĞFL:NRPXQL]PLHDNWRSRUXZV]NROHQDZHWSRSDUW\SU]H]NLONXVHWXF]QLyZ
MHVWV]F]HOQLHSU]HPLOF]DQ\SU]H]PDVV±PHGLDQDVWĊSXMHUHSUHVMD]D]Z\F]DMEDUG]R
VXURZDLEUXWDOQDDOHNWyUąWHĪQLNWVLĊQLHFKZDOL5HSUHVMDSR]RVWDMHZPRF\DĪGR
]GHSWDQLDRSRUX]DĞVáDZDMDNR]DGRĞüXF]\QLHQLHQLHQDGFKRG]L1LHPDVLĊGRNRJR
RGZRáDüSUDVDVąG\LSROLFMDVąZMHGQ\PLZW\PVDP\PUĊNXW\FKNWyU]\WáXPLą
']LZQDV\PELR]D0DU[D]HVWXOHFLDPLEL]DQW\ĔVNR±D]MDW\FNLFKSHUIHNFMLZW\UDQLLGDáD
WĊNRPXQLVW\F]QąPąGURĞüĪHW\ONRQLHUR]JáDV]DQDDQLQLHUHNODPRZDQDUHSUHVMDMHVW
QDSUDZGĊVNXWHF]QD%DUG]RZF]HĞQLHXF]HĔXF]\VLĊZNRPXQL]PLHQLHPRĪOLZRĞFLZDONL
]NU]\ZGąVWąGRJyOQ\V]DFXQHNGODDSDWLLLLQHUFMLMDNRGODMHG\QHMGURJLGRVXNFHVX
*áyZQ\PLQVWUXPHQWHPNU]\ZG\MHVWZV]NROHRUJDQL]DFMDSROLW\F]QD=DF]DVyZ
6WDOLQDSU]\QDOHĪQRĞüGRQLHME\áDSU]\PXVRZD.WRĞNWR]QDOD]áVLĊSR]DMHMREUĊEHP
QLH PLDá V]DQV DQL QD GREUH VWRSQLH DQL QD GDOV]H VWXGLD QD XQLZHUV\WHFLH ER W\ONR
MHM UHNRPHQGDFMD ]DSHZQLDáD GRSXV]F]HQLH GR HJ]DPLQyZ 2UJDQL]DFMD PáRG]LHĪRZD
E\áDZWHG\VNU]\ĪRZDQLHPKDUFHUVWZD]HĝZLĊWą,QNZL]\FMą-HM]DGDQLHPE\áDGEDáRĞü
DTP by SHADE 15
R F]\VWRĞü XF]QLRZVNLFK GXV] MHM SDOLZHP E\á\ GHZRFMD L ELJRWHULD -HĞOL RUJDQL]DFMD
XU]ąG]DáDSRWDĔFyZNĊF]\Z\FLHF]NĊ]DPLDVWRFLNWyU]\QLHPRJąSU]\MĞüE\OLDX-
WRPDW\F]QLHZURJDPLXVWURMXDOERDJHQWDPL&,$DOERRILDUDPLSHUILGQHMSURSDJDQG\
Ä*áRVX $PHU\NL´ *G\ PáRG]LHĪ EDZLáD VLĊ GREU]H U]HF]QLN RUJDQL]DFML Z\MDĞQLDá ĪH
MHVWWR]DVáXJąUHZROXFMLLZDONLNODVJG\NDQDSNLE\á\VPDF]QHZ]\ZDáGRRND]\ZDQLD
ZG]LĊF]QRĞFL SDUWLL L MHM ZRG]RP :V]\VWNR SRGGDQH E\áR NRPXQLVW\F]QHM VXSHUDNFML
LVWQLHQLD SU]HSURZDG]HQLX 6WDUXV]NL QD GUXJD VWURQĊ XOLF\ WRZDU]\V]\áD XZDJD ĪH
F]\Q WHQ GRNRQDQ\ ]RVWDá QD FKZDáĊ /HQLQD 2EURĔF\ /XG]NRĞFL 2UJDQL]DFMD URĞFLáD
VRELHSUHWHQVMĊGRSHáQHJRVDGXQDGGXV]ąNDĪGHJRXF]QLDRERZLą]\ZDáVXURZ\QDND]
SXEOLF]QHMVSRZLHG]LQDSOHQDUQ\FK]HEUDQLDFKLVWQLDáQLHQDUXV]DOQ\V\VWHPHNVSOLNDFML
JU]HFKyZ &KáRSF\ L G]LHZF]ĊWD RVNDUĪDOL VLĊ Z]DMHPQL R QLVNą QDPLĊWQRĞü GR JXP\
GRĪXFLDL]Há]DPLZRF]DFKSU]\VLĊJDOLĪHMXĪQLJG\QLHXOHJQąGLDEHOVNLPSRNXVRP
NDSLWDOL]PX*G\NWRĞVLĊĨOHXF]\á]QDF]\áRWRĪH,QWHOOLJHQFH6HUYLFH]DSXĞFLáDVZH
PDFNLZV]NROH'RQRVLFLHOVWZRXVWDQRZLRQH]RVWDáRFQROąQDMZ\ĪV]ąNDĪG\PLDáSUDZR
RVNDUĪ\ü NROHJĊ OXE QDXF]\FLHOD R QLHSUDZRP\ĞOQRĞü GRZRGyZ ZLQ\ QLH Z\PDJDQR
DORVRVNDUĪRQHJRE\á]JyU\SU]HVąG]RQ\&KáRSLHFZ]E\WNRORURZ\FKVNDUSHWNDFKOXE
G]LHZF]\QND Z QLHSU]HSLVRZ\P XF]HVDQLX E\ZDOL GHQXQFMRZDQL MDNR NRQWUUHZROXFMR-
QLĞFLLZ\U]XFDQL]HV]NRá\EH]SUDZD]JáRV]HQLDVLĊGRLQQHM2VNDUĪHQLHRVáXFKDQLH
Sá\WMD]]RZ\FKOXE]DJUDQLF]QHJRUDGLDF]ĊVWRNRĔF]\áRVLĊDUHV]WRZDQLHPSU]H]SROLFMĊ
SROLW\F]Qą 1LHNWyUH RUJDQL]DFMH GRPDJDá\ VLĊ GRQRV]HQLD UR]PyZ MDNLH WRF]RQH Vą
ZGRPDFKURG]LQQ\FKSRF]\PGXPQLHSU]HND]\ZDá\]GRE\WHLQIRUPDFMHWDMQHMSROLFML
ZUDPDFKW]ZF]\QXVSRáHF]QHJRF]\OLRFKRWQLF]HMSUDF\QDGXOHSV]DQLHPVRFMDOL]PX
3ROLFMDQFLJáDG]LOLXF]QLyZ]DIHNWDFMąSRSROLF]NDFKLZUĊF]DOLLPSUHPLHZSRVWDFLG]LHá
/HQLQDL6WDOLQD2F]\ZLĞFLHQDZHWZWHMHU]H]XSHáQHMGHJHQHUDFMLUR]XPXLLQVW\QN-
WyZOXG]NRĞü]GROQDE\áDGRSURGXNFMLKXPDQLVW\F]Q\FKDQW\ELRW\NyZSU]HFLZXSRGOH-
QLX L JáXSRFLH 3U]HPyZLHQLD PáRGRFLDQ\FK GHZRWyZ E\á\ ĨUyGáHP XSRMQHJR KXPRUX
LZV]\VF\GREU]HZLHG]LHOLMDNVLĊ]QLFKĞPLDüWDNDE\XQLNQąüDUHV]WRZDQLD3RWDMHP-
QHVáXFKDQLH/RXLV$UPVWURQJD(OOL)LW]JHUDOGF]\(OYLVD3UHVOH\DQDELHUDáRFHFKWDN
Z\UDILQRZDQHMUR]NRV]\ĪHVąOXG]LHNWyU]\GRG]LĞGQLDXZDĪDMąRZHNRQVSLUDF\MQH
VHVMHQDGUDGLRRGELRUQLNLHPF]\DGDSWHUHP]DQDMF]DURZQLHMV]HFKZLOHVZHJRĪ\FLD
2UJDQL]DFMDSU]HVąG]DáDORVXF]QLyZLQDXF]\FLHOL&LRVWDWQLĪ\OLZZLHF]Q\PWHUUR-
U]HL]DJURĪHQLXRLOHVDPLQLHZ\ND]\ZDOLJRUOLZRĞFLZZ\G]LHODQLX]VLHELHNRQLHF]Q\FK
NRPXQDáyZ OXE QLH E\OL ZSá\ZRZ\PL F]áRQNDPL SDUWLL *áXSL L ]á\ XF]HĔ FLHV]ąF\ VLĊ
SRSDUFLHP RUJDQL]DFML PLDá ]DSHZQLRQH GREUH VWRSQLH LQDF]HM RUJDQL]DFMD RVNDUĪDáD
QDXF]\FLHODRWĊSLHQLHPáRG\FKNRPXQLVWyZ3RG]LĞG]LHĔĪ\FLHQDXF]\FLHODZNRPXQL-
VW\F]QHMV]NROHMHVWSLHNáHPQDZHWMHĞOLMHVWRQNRQIRUPLVWąRSRUWXQLVWąLQLH]DPLHU]D
ZDOF]\üDQLRSUDZGĊDQLRVáXV]QRĞü-HVWĨOHRSáDFDQ\SUDFXMHZFKURQLF]QLHSU]HOXG-
QLRQ\FKNODVDFKSU]\FLąJá\FKSRQLĪHQLDFK]HVWURQ\XF]QLyZ1DZHWQDMPQLHM]GROQ\
WĊSDNPRĪHJR]PXVLüGRXOHJáRĞFLGHNODUXMąFFKáRGQRÄ5DG]ĊSDQXSURIHVRURZLQLH
PĊF]\üPQLH]DEDUG]R3DQQLHZLHNLPMHVWPyMWDWXĞLFRRQPRĪH«´7DWXĞRLOHMHVW
ZSá\ZRZ\PF]áRQNLHPSDUWLLDOERZ\VRNLPXU]ĊGQLNLHPDGPLQLVWUDFMLPRĪHZLVWRFLH
EDUG]RGXĪR:\SDGNLJG\G]LHFLG\JQLWDU]\SR]EURGQLDFKSRSHáQLRQ\FKZV]NROH]D
NWyUH QRUPDOQLH LG]LH VLĊ GR ZLĊ]LHQLD RWU]\P\ZDá\ ĞZLDGHFWZD] RG]QDF]HQLDPL GOD
FHOXMąF\FKXF]QLyZE\á\LVąQDGDOQDSRU]ąGNXG]LHQQ\P
3RVWVWDOLQL]PSU]\QLyVáSHZQH]PLDQ\ZNRPXQLVW\F]QHMV]NROH3U]\QDOHĪQRĞüGR
RUJDQL]DFML SR]D 5RVMą SU]HVWDáDE\ü SU]\PXVHP3RGVWDZRZD ]DVDGDQDGU]ĊGQRĞFL
GRJPDWXQDGUR]XPHPDQDZHWUR]VąGNLHPQLH]RVWDáDMHGQDNQLJG\LQLJG]LH]OLNZL-
GRZDQD :ROQR MXĪ WDĔF]\ü SXEOLF]QLH URFN¶Q¶UROO L QRVLü PLQL±VNLUW OHF] XF]HĔ FLąJOH
GRZLDGXMHVLĊZV]NROHĪHPLHV]NDQLHFNUDMXNRPXQLVW\F]QHJRĪ\MHOHSLHMQLĪNWRNRO-
ZLHNQDNXOL]LHPVNLHM,POHSLHM²VLĊMHGQDNXF]\W\PVNXWHF]QLHMZ\UDELDVRELHRW\P
VZRMHZáDVQH]GDQLH:V]NROHVWDOLQRZVNLHMGREU\PXF]QLHPPRĪQDE\áRE\üW\ONR]D
FHQĊ]XSHáQHMUH]\JQDFML]ZáDVQHMLQWHOLJHQFML
.
DTP by SHADE 16
&RURELüSRV]NROH
.
*RVSRGDUNDVRFMDOLVW\F]QDQLHUR]ZLMDVLĊOHF]SąF]NXMH=QDF]\WRĪHNDĪGDG]LH-
G]LQD JRVSRGDUNL QLH SRGOHJD ]PLDQRP RUJDQLF]Q\P G\NWRZDQ\P SU]H] Ī\FLH MHJR
SRWU]HE\ L ORJLNĊ SRGDĪ\ L SRS\WX OHF] MHVW NV]WDáWRZDQD SU]H] W]Z SODQ JRVSRGDU-
F]\F]\OLWHRUHW\F]QH]DáRĪHQLHZ\QLNDMąFH]NU\WHULyZSROLW\F]Q\FKLSURSDJDQGRZ\FK
L ZSURZDG]DQH Z F]\Q SU]H] FHQWUDOQLH RSUDFRZ\ZDQH GHNUHW\ : WHQ VSRVyE IDEU\-
NDF]\NDĪGHLQQHSU]HGVLĊELRUVWZRRWU]\PXMHQLHW\OXURERWQLNyZLSUDFRZQLNyZLOX
SRWU]HEXMH GR VSUDZQHJR IXQNFMRQRZDQLD OHF] PRĪQD ]DWUXGQLü ]JRGQLH ] SODQHP
:]ZLą]NX]W\PZNRPXQLVW\F]Q\FKELXUDFK]DZV]HVLHG]LRJURPQ\WáXPOXG]LNWy-
U\FKMHG\Q\P]DGDQLHPMHVW]DNOHMDQLHNRSHUW\]DDGUHVRZDQHMXSU]HGQLRSU]H]NRJRĞ
LQQHJRNWRMąRWU]\PDáSU]H]VSHFMDOQHJRSRVáDĔFDRGWHJRNWRQDSLVDáOLVW2F]\ZLĞFLH
NDĪG\]W\FKSUDFRZQLNyZGRVWDMHSHQVMĊQLHGDMąFąĪDGQ\FKPRĪOLZRĞFLZ\Ī\FLD²QD
SU]\NáDG]áRW\FKPLHVLĊF]QLHZNUDMXJG]LHOLFKHXEUDQLHNRV]WXMH]á²SU]HWR
RVLąJDV]F]\W\DUW\]PXZRERMĊWQRĞFLZREHFVZHMSUDF\LZ\NRQXMHMą]SRG]LZXJRGQą
QLHGEDáRĞFLąWRWHĪJG\U]HF]RQ\OLVWZGURG]H]MHGQHJRELXUNDQDGUXJLHVSDGDQD
SRGáRJĊQLNWQLJG\QLHVFK\OLVLĊĪHE\JRSRGQLHĞü7RSRZRGXMHNRQLHF]QRĞü]DWUXG-
QLHQLDQRZ\FKVLáURERF]\FKNWyU\FK]DGDQLHPEĊG]LHSRGQRV]HQLHVSDGá\FKQDSRGáR-
JĊOLVWyZLHZHQWXDOQH OHF]QLHGHILQLW\ZQHER]URG]LüVLĊPRJąQRZHQLHSU]HZLG]LDQH
WUXGQRĞFL SU]HND]\ZDQLHLFKGDOHM²LWDNLSURFHVPQRĪHQLDVLáJRVSRGDUF]\FKQD]\ZD
VLĊSDF]NRZDQLHP
0DRQWĊ]DOHWĊĪHSR]ZDODQD]DWUXGQLHQLHNDĪGHMLORĞFLOXG]LGRVWDUF]DQ\FKQD
U\QHNSUDF\QLHSRELHUDMąFĪDGQ\FK]RERZLą]DĔFRGR]DSHZQLHQLDLPXWU]\PDQLD3R-
SUDZQLHUR]XPXMąFHOLPLQXMHWR]MDZLVNREH]URERFLDOHF]SRSUDZQLUR]XPRZDQLHQLJG\
MHV]F]HQLH]DSURZDG]LáRQLNRJRGRQLNąGZNRPXQL]PLH/LF]EDSRVDG]NWyU\FKQLH
PRĪQDVLĊXWU]\PDüMHVWWDNZLHONDĪHOXG]LHLFKXQLNDMąZROąFQLFQLHURELüQLĪURELü
FRĞ]DFRSRPLHVLąFX²RGOLF]DMąFZ\Ī\ZLHQLHNRPRUQHLNRPXQLNDFMĊ²QDZHWWU]HFK
NRV]XO NXSLü QL PRĪQD 3RQDGWR Z NDĪG\P VSRáHF]HĔVWZLH NRPXQLVW\F]Q\P LVWQLHMH
SHZQDLORĞüRE\ZDWHOLNWyU\FKÄVLĊQLH]DWUXGQLD´=DF]DVyZVWDOLQRZVNLFKSU]\F]\Q\
QLH]DWUXGQLDQLDE\á\Z\áąF]QLHSROLW\F]QHZ\VWDUF]\áRDE\NWRĞZDOF]\áSU]HFLZ1LHP-
FRPZQLHNRPXQLVW\F]QHMSDUW\]DQWFHDOERSRFKRG]Lá]URG]LQ\HNVSORDWXMąFHMURERWQL-
NyZSU]HGZRMQą PĊWQRĞüWHJRVIRUPXáRZDQLDSR]ZDODáDVWRVRZDüMHGRNDĪGHJRNWR
VLĊQLHSRGREDáQRZ\PZáDG]RPQDZHWGRVDP\FKURERWQLNyZ DE\QLHPyFRWU]\PDü
ĪDGQHMSUDF\3RXSDGNXVWDOLQL]PXNU\WHULXPSROLW\F]QHVWUDFLáRQD]QDF]HQLXDOHSR-
]RVWDá\Z]JOĊG\VSRáHF]QHGDMP\QDWRĪHNWRĞSURWHVWRZDá]E\WJáRĞQRSU]HFLZ]á\P
ZDUXQNRPSUDF\LQĊG]QHM]DSáDFLHOXESU]HFLZVDPRZROLSDUW\MQ\FK]ZLHU]FKQLNyZ]D
FR]RVWDáXVXQLĊW\]SRVDG\²RSLQLDÄDQW\VSRáHF]QHJRUR]UDELDF]D´LG]LH]DQLPZV]Ċ-
G]LHQLHSR]ZDODMąFQD]GRE\FLHQRZHMSUDF\1LHPDLQVWDQFML]GROQHMGRDQXORZDQLD
WDNLHMRSLQLLQDZHWJG\E\E\áDRQDQDMEDUG]LHMQLHVSUDZLHGOLZDDOERZLHP]ZLą]NL]D-
ZRGRZHVąLQVW\WXFMąILNF\MQąMHĞOLFKRG]LRREURQĊSUDZSUDFXMąF\FKVąRQHNLHURZD-
QHSU]H]]DXIDQ\FKF]áRQNyZSDUWLLLSROLFMLSROLW\F]QHML]DVDGąG]LDáDQLDMHVWQLHXJLĊWD
REURQDSDĔVWZRZHJRSUDFRGDZF\
.LONXQDVWROHWQL F]áRZLHN RSXV]F]DMąF\ V]NRáĊ PD ZLĊF Z W\FK ZDUXQNDFK NLOND
GUyJGRZ\ERUX0RĪHVWDUDüVLĊRGRSXV]F]HQLHQDVWXGLDZ\ĪV]H1LHMHVWáDWZRGRVWDü
VLĊQDXQLZHUV\WHWDOHU]HF]MHVWZDUWDNDĪGHJRZ\VLáNX
2LOHPDX]GROQLHQLDWHFKQLF]QHPRĪHSU]HMĞüGRV]NRá\]DZRGRZHM6SHFMDOL]DFMD
MHVWZFHQLHL]DSHZQLDOHSV]HZDUXQNLSUDF\LSáDF\6]NRá\]DZRGRZHQLHZ\PDJDMą
XNRĔF]HQLDSHáQHMV]NRá\ĞUHGQLHMSU]\MPXMąZF]HĞQLHGDMąGDOV]HPRĪOLZRĞFLNV]WDá-
FHQLDDĪGRVWRSQLDLQĪ\QLHUD3U]HP\VáMHVWFLąJOHMHV]F]HQDMOHSLHMSáDWQąJDáĊ]LąJR-
VSRGDUNLDOHLVSHFMDOL]DFMDZSLRQLHXVáXJRZ\PPLPRĪHSURZDG]LZRGPĊWFKDRVX
NWyUHJRUR]PLDUyZQLNWQD=DFKRG]LHQLHMHVWVRELHZVWDQLHZ\REUD]Lü OLQLĊORWQLF]ą
ZNRPXQL]PLHPRĪQDW\ONRSU]\UyZQDüGRNRV]PDUXVHQQHJRGáDZLąFHJRSUDFRZQLND
OLQLLORWQLF]HMZ$PHU\FH PRĪHMHGQDNVWDüVLĊĨUyGáHPZ]JOĊGQHJRSRZRG]HQLD2F]\-
DTP by SHADE 17
ZLĞFLHPáRG\F]áRZLHNPRĪHSRSURVWXSyMĞüGRSUDF\MDNR]Z\Ná\URERWQL ZSU]HP\-
ĞOHJG]LHEĊG]LH]DUDELDáGREU]HZSURSRUFMLGRZNáDGXSUDF\LEH]Z]JOĊGQLHOHSLHMQLĪ
ZLQQ\FK]DZRGDFK6RFMDOL]PERZLHPMDNZ\ND]DáDSUDNW\NDZEUHZ]DSHZQLHQLRP
WHRUHW\NyZ GRV]HGáV]\ GR ZáDG]\ ]ZUDFD VLĊ SU]HFLZ LQWHUHVRP URERWQLNyZ ZREHF
WHJRERLVLĊLFKWDNVDPRMDNNDSLWDOL]PLVWDUDVLĊ]DFKRZDü]QLPLPRĪOLZLHSRSUDZQH
VWRVXQNL$OHPáRG\F]áRZLHNWHJRQLH]UREL6SRáHF]HĔVWZDVRFMDOLVW\F]QHVąG]LĞQDM-
EDUG]LHMKLHUDUFKLF]Q\PLVWUXNWXUDPLNODVRZ\PLZĞZLHFLHZVSyáF]HVQ\P3R]\FMDVSR-
áHF]QDRGHUZDQDRGMDNLFKNROZLHNGHWHUPLQDQWHNRQRPLF]Q\FKPDZQLFKG]LĞMHV]F]H
WDNLHVDPH]QDF]HQLHMDNZIHXGDOL]PLH5RERWQLNLHPE\üQLHZ\SDGDLNWRNROZLHNPRĪH
QLPQLHE\üQLHMHVWQLP7\PQDMOHSLHMWáXPDF]\VLĊQLHXVWDQQDSRGDĪLQG\ZLGXDOQ\FK
WDOHQWyZGRDGUHVRZDQLDOLVWyZOXELQQHJRFKRüE\QDMEDUG]LHMMDáRZHJR]DMĊFLDMDNLH
QD]ZDüPRĪQDQLHIL]\F]Q\POHF]SVHXGRXP\VáRZ\PQDZHWMHĞOL]SUDF\WDNLHM]DUR-
ELüQLHPRĪQDQDWU]\SRVLáNLG]LHQQLH0LPRWRQDZHWG]LXUNRZDQLHNDUWLQGHNVRZ\FK
ZELXU]HXZDĪDQHMHVWFLąJOH]DSXQNWZ\MĊFLDGRÄMDNLFKĞ´OHSV]\FKORVyZSRGF]DVJG\
SUDFDIL]\F]QDRLOHQLHMHVWF]\VW\PVQREL]PHPĪąGQHJRXSRNRU]HĔPáRGHJRSLVDU]D
VWDQRZLEH]QDG]LHMQ\UR]SDF]OLZ\NRQLHFGURJLVNąGQLHPDSRZURWX
,VWQLHMHMHGQDNMHV]F]HMHGQDPRĪOLZRĞüNWyUD]DOHĪ\Z\áąF]QLHRGOXG]NLHMFHFK\
]ZDQHM SU]HGVLĊELRUF]RĞFLą :EUHZ UR]SRZV]HFKQLRQ\P SR]D NRPXQL]PHP PLWRP
NWyU\FK ĨUyGáHP MHVW PDUNVLVWRZVND HW\ND WHRUHW\F]QD SLHQLąG] FLąJOH MHV]F]H QDOH-
Ī\GRSRGVWDZRZ\FKUHJXODWRUyZĪ\FLDZNRPXQLVW\F]Q\PVSRáHF]HĔVWZLH3RVLDGDQLH
JRQLHJZDUDQWXMHZV]HONLFKRVLąJQLĊüOHF]]DSHZQLDZV]HONLHPRĪOLZHGRX]\VNDQLD
DZDQWDĪH:V]\VWNR]DWHPVSURZDG]DVLĊGRVSRVREyZ ]GRE\ZDQLDSLHQLĊG]\ PRĪOL-
Z\FKGR]DVWRVRZDQLDZRWDF]DMąFHU]HF]\ZLVWRĞFL2SXV]F]DMąF\V]NROĊPáRG\F]áR-
ZLHNZLG]LGREU]HXEUDQ\FKLRGĪ\ZLRQ\FKOXG]LQLHREFLąĪRQ\FKWURVNDPLPDWHULDOQ\-
PLRVLąJDMąF\FK]]DVWDQDZLDMąFąáDWZRĞFLąVDPRFKyGF]\Z\MD]G]DJUDQLFĊ²V]F]\W\
SRZRG]HQLDQLHGRVLĊĪQHPDU]HQLDPLOLRQyZ*G\]JRGQLH]HZSRMRQ\PLSU]H]V]NRáĊ
Z\REUDĪHQLDPL S\WD FyĪ WDN ZDĪQHJR L SRĪ\WHF]QHJR GOD VSRáHF]HĔVWZD URELą FL OX-
G]LHĪHRWU]\PXMąDĪWDNZ\MąWNRZHZ\QDJURG]HQLHQLNWQLHSRWUDILLPWHJRGRNáDGQLH
Z\MDĞQLü 6DP IDNW LFK Z\QLHVLHQLD VWDMH VLĊ UyZQLH QLHZ\WáXPDF]DOQ\ MDN QDWXUDOQ\
DOERZLHP NRQWUDVW VSRáHF]Q\ yZ HOHPHQW NRPXQDOQHJR ZVSyáĪ\FLD NWyU\ PDUNVLĞFL
L NRPXQLĞFL SU]\U]HNOL Z\HOLPLQRZDü ] REUD]X LFK VSRáHF]HĔVWZD VWDá VLĊ Z SUDNW\-
FHQDMEDUG]LHMZVWU]ąVDMąF\P]QDPLHQLHPLFKVSRáHF]HĔVWZD6WRSLHĔZ\QLHVLHQLDMHVW
U]HF]ąZ]JOĊGQąWDPJG]LHMHGHQVDPRFKyGSU]\SDGDQDNLONDQDĞFLHW\VLĊF\PLHV]-
NDĔFyZSRVLDGDQLH9RONVZDJHQDUyZQDVLĊSRVLDGDQLX5ROOV±5R\FH¶DJG]LHLQG]LHM'OD
PáRGHJR F]áRZLHND REGDU]RQHJR W\P FR ]ZLH VLĊ GXFKHP SU]HGVLĊELRUF]RĞFL U]HF]ą
]DVDGQLF]ąMHVWWHG\RGNU\FLH]DNUHVXGR]ZRORQHJRPDQHZUX1DOHĪ\JRV]XNDüU]HF]
MDVQDWDPJG]LHUR]FLąJDVLĊW]ZSRJUDQLF]HOHJDOQRĞFL
: GHPRNUDFMDFK SRMĊFLH OHJDOQRĞFL MHVW ĞFLĞOH VSUHF\]RZDQH D ]DUD]HP EDUG]R
V]HURNLH &]áRZLHNRZL L RE\ZDWHORZL ZROQR MHVW ZV]\VWNR FR QLH MHVW SU]HVWĊSVWZHP
LQLHSRSDGDZNROL]MĊ]SUDZHP:NRPXQL]PLHWRMHVWOHJDOQHFRSDUWLDNRPXQLVW\F]-
QDX]QDMH]DOHJDOQHFDáNLHPQLH]DOHĪQLHRGRILFMDOQLHVNRG\ILNRZDQ\FKLRERZLą]XMą-
F\FKSUDZ3DUWLD]DĞPD]Z\F]DMQLHXVWDQQ\FK]PLDQVZ\FK]DVDGOHJDOQRĞFLFLąJáHJR
VWZDU]DQLDLPQRĪHQLDQRZ\FKSUDZLSU]HSLVyZQDMF]ĊĞFLHMSRSDGDMąF\FKZVSU]HF]-
QRĞFLLNRQIOLNW\]MXĪLVWQLHMąF\PLNWyU\FK]QLHVLHQLHPF]\XQLHZDĪQLHQLHPQLNWVLĊQLH
NáRSRF]H,WDNMHGQHJRURNXZ\FKRG]L]DND]SRVLDGDQLDGRPyZZ\ĪV]\FKQLĪGZDSLĊ-
WUDQDVWĊSQHJRWRNX]RVWDMHRQ]PRG\ILNRZDQ\GRWU]HFKSLĊWHUZREHFF]HJROXG]LVLĊ
MHV]F]HNDU]H]DSU]HVWĊSVWZDZREHFSU]HSLVX]HV]áRURF]QHJRNWyU\MXĪMHVWQLHZDĪQ\
SRWRDE\ZURNXQDVWĊSQ\PZUyFLüGR]DVDG\VSU]HGWU]HFKODWFRVSUDZLDĪHZW\P
FKDRVLH RVNDUĪRQ\P L XNDUDQ\P PRĪH E\ü NDĪG\ QDZHW ZáDĞFLFLHO MHGQRRVRERZHJR
QDPLRWX:UH]XOWDFLHF]áRZLHNRZLZNRPXQL]PLHQLFSUDZLHQLHZROQRDWRFRGR]ZR-
ORQHWRQLHZHPJOHGZX]QDF]QRĞFLLGRZROQRĞFLLQWHUSUHWDFML]NWyU\FKNDĪG\XU]ĊGQLN
L NDĪG\ PLOLFMDQW PRĪH URELü QDMGRJRGQLHMV]\ GOD VLHELH XĪ\WHN %UDN GRZRGX RVREL-
VWHJRNWyU\VLĊ]DSRPQLDáRZGRPXPRĪHE\üX]QDQ\]DFLĊĪNLHSU]HVWĊSVWZRSU]H]
DTP by SHADE 18
ĨOHXVSRVRELRQHJRSU]HGVWDZLFLHODZáDG]\SRGF]DVJG\NUDG]LHĪNLONXPDV]\Q]SDĔ-
VWZRZHMIDEU\NLPRĪHE\üZ\LQWHUSUHWRZDQDMDNRXVSUDZQLHQLHSURGXNFML:SUDZG]LH
NRQVW\WXFMHNRPXQLVW\F]QHVWZLHUG]DMąGXPQLHĪHSUDFDMHVWSU]\ZLOHMHPQLJG]LHQLH
MHVWSRZLHG]LDQHĪHSUyĪQRZDQLHMHVW]DND]DQHOHF]JG\NWRĞNWRQLHMHVWHPHU\WHP
OXE FKRU\P QLH SUDFXMH RWDF]D JR DWPRVIHUD QLHOHJDOQRĞFL =UHV]Wą QLNW QLJG\ QLH
SU]\]QDáE\VLĊGRWHJRĪHQLHSUDFXMHLNDĪG\V]XOHUF]\VXWHQHUPDZNLHV]HQLIRUPDO-
QH]DĞZLDGF]HQLH]DRSDWU]RQHZQLH]OLF]RQHXU]ĊGRZHSLHF]ĊFLHĪHMHVWK\GUDXOLNLHP
EąGĨ VSU]HGDZFą Z SDĔVWZRZ\P VNOHSLH Zy]NyZ G]LHFLQQ\FK .DZLDUQLH Z VWROLFDFK
NRPXQLVW\F]Q\FKSHáQHVą]DZV]HOXG]LZVLOHZLHNXL]GURZLDZJRG]LQDFKJG\UHV]WD
NUDMXWĊWQLJRUąF]NRZąSUDFąDOHQDOHĪ\SU]\SXV]F]DüĪHNDĪG\]UR]SDUW\FKOHQLZLH
SU]\VWROLNXRE\ZDWHOLPDZNLHV]HQLRGSRZLHGQLGRNXPHQW]DĞZLDGF]DMąF\MHJRXG]LDá
ZZ\VLáNXSURGXNF\MQ\PQDURGX
5]HF]MDVQDĪHFLORNDOQLSOD\ER\HLHSLNXUHMF]\F\XEUDQLZ]DFKRGQLąRG]LHĪLSRSL-
MDMąF\]DFKRGQLHWUXQNLPXV]ąVNąGĞ]GRE\ZDüQDWRĞURGNL=GRE\ZDMąMH]XPLHMĊWQHM
HNVSORDWDFMLSRJUDQLF]DOHJDOQRĞFL3RVLDGDQLHW]ZVWRVXQNyZMHVWPHWRGąQDMSURVWV]ą
:NRPXQL]PLHZV]\VF\QLHXVWDMąFRF]HJRĞSRWU]HEXMąSU]\G]LDáXPLHV]NDQLD]GRE\FLD
áyĪNDZV]SLWDOXGODFKRUHMPDWNLSDV]SRUWX]DJUDQLF]QHJRSRPRF\ZZDOFH]RV]DODáą
ELXURNUDFMąSURWHNFMLGODV\QDZ]GRE\FLXSRVDG\OXEZVWĊSXQDXQLZHUV\WHW:V]\VWNR
WRPRĪQDRVLąJQąüSU]\SRPRF\SU]HNXSVWZDLáDSyZHNDVSHFMDOLVWDPLRGEH]V]PH-
URZHJRáDWZHJRLVSUDZQHJR]DáDWZLDQLDVąZáDĞQLHOXG]LH]NDZLDUĔGRVNRQDOHXEUDQL
LUyZQLHGREU]H]DEH]SLHF]HQLSU]HGHZHQWXDOQ\PLSU]HĞODGRZDQLDPL]HVWURQ\SUDZD
2GFKZLOLJG\SLHUZV]HSRUHZROXF\MQHVSRáHF]HĔVWZRSRG]LHOLáRVLĊQDSD\VOHJDOLSD\V
UpHOFRVWDáRVLĊQDW\FKPLDVWSRGRNRQDQHMUHZROXFMLF]\SRQDU]XFHQLXMHM]]HZQąWU]
ZNDĪG\PNUDMXNRPXQLVW\F]Q\PUR]SRF]Ċá\F\UNXODFMĊGZLHZDOXW\-HGQDRWRF]RQą
SRZV]HFKQą QLHXIQRĞFLą L SRJDUGą MHVW RILFMDOQD ZDOXWD SDĔVWZRZD ² UXEHO ]áRW\
IRULQW NRURQD LWG ² GUXJą FLHV]ąFą VLĊ PLVW\F]Q\P XZLHOELHQLHP L EH]JUDQLF]Q\P
]DXIDQLHPMHVWDPHU\NDĔVNLGRODU'RODUMHVWV\PEROHPGRVWDWNXLVROLGQRĞFLMHG\Q\P
áąF]QLNLHPSRPLĊG]\ĞZLDWHPQĊG]\LQLHSHZQRĞFLMXWUDDĞZLDWHPXVWDORQ\FKL]DEH]-
SLHF]RQ\FKZDUWRĞFLSHZQHSU]HGPLRW\LXVáXJLRWU]\PDüPRĪQDZ\áąF]QLH]DGRODU\
7RZV]\VWNRVSUDZLDĪHSRVLDGDQLHGRODUyZMHVW]DND]DQH]DĞREUyWQLPLVXURZRNDUD-
Q\$OHRGF]HJROXG]LH]NDZLDUĔ%LRUąQDVLHELHEU]HPLĊKDQGOXLSU]HĞODGRZDĔZREHF
WHJR Z\QDJURG]HQLH LFK PXVL SR]RVWDZDü Z SURSRUFML GR LFK U\]\ND =UHV]Wą VDPR
U\]\NR PRĪQD Z\GDWQLH ]UHGXNRZDü SRSU]H] ]GROQRĞü GR PRUDOQ\FK NRPSURPLVyZ
NWyUDZ\GDMHVLĊE\üLFKNZDOLILNDFMą]DZRGRZąF]DVHPQDZHWSUDZG]LZąQDWXUą,FK
SU]HĞODGRZFąMHVWPLOLFMDLSROLFMDSROLW\F]QDFyĪZLĊFSURVWV]HJRMDNSRVWDUDüVLĊRSR-
SUDZQHVWRVXQNL]SU]HĞODGRZFDPLNWyU]\Vą]DZV]H]JáRGQLDOLLQIRUPDFMLRSRGGDQ\FK
VZHMSLHF]\RE\ZDWHODFK1DMSURVWV]\VFKHPDW]DWHPZ\JOąGDWDNSROLFMDGRVNRQDOH
ZLHNWRKDQGOXMHZDOXWąRF]HNXMąFGUREQ\FKXVáXJRGKDQGOXMąFHJRZ]DPLDQ]DSR-
ZVWU]\PDQLHVLĊRGGRUDĨQ\FKSU]HĞODGRZDĔWHQ]DĞQLHZDKDVLĊSU]HG]DZLHU]DQLHP
SROLFML QDMGURĪV]\FK WDMHPQLF VZRMHJR ]DZRGX SR]D ]DEH]SLHF]HQLHP VRELH ZROQRĞFL
RVRELVWHMOLF]\WDNĪHQLHEH]VáXV]QRĞFLQDWRĪHSROLFMDQWD]ZáDV]F]DZ\ĪV]\RILFHU
WRWHĪF]áRZLHNáDNQąF\]DEH]SLHF]HĔPDWHULDOQ\FKDZLĊFPRĪHLRQFRĞRGQLHJRNXSL
1LH]DOHĪQLH RG WUDQVDNFML LQG\ZLGXDOQ\FK SROLFMD SROLW\F]QD GRNRQXMH F]DVHP ]DNX-
SyZPDVRZ\FKQDILQDQVRZDQLHVZ\FKDJHQWyZQDNDSLWDOLVW\F]Q\P=DFKRG]LHFRUD]
MHV]F]HSRWZLHUG]DMDNGREUą]HZV]HFKPLDULNRU]\VWQ\U]HF]ąMHVWE\üZSU]\MD]Q\FK
VWRVXQNDFK]SROLFMą
1DNDSLWDOLVW\F]Q\P=DFKRG]LHWU]HEDVLĊJUXERQDPĊF]\üLZ\ND]DüPQyVWZREá\-
VNRWOLZHMSRP\VáRZRĞFLDE\E\üDIHU]\VWąZJUĊZFKRG]ąZ\áąF]QLHNRPELQDFMHSLH-
QLĊĪQR±SUDZQH.RPXQL]PMHVWUDMHPGODDIHU]\VWyZ:NRPXQL]PLHRV]XVWLQLHELHVNL
SWDNPDSU]HGVREąFXGRZQHSROHG]LDáDOQRĞFLXáDWZLRQHMRMDNLHMMHJRNROHJD]=D-
FKRGXQDZHWPDU]\üQLHPRĪH:\VWDUF]\NLONDVORJDQyZRSUROHWDULDFLHLPSHULDOLVWDFK
L ZDOFH NODV E\ Z]EXG]Dü SRVWUDFK Z\PXV]Dü ]DXIDQLH WHUURU\]RZDü L ]DELHUDü áXS
'ĪXQJOD]DZĊĪRQHMGRPLQLPXPOHJDOQRĞFLMHVWUH]HUZDWHPQLHSU]HEUDQ\FKERJDFWZ
DTP by SHADE 19
2V]XVWZNRPXQL]PLHQLHVSU]HGDMHFXGRZQHJROHNXQDZV]\VWNLHFKRURE\OXG]LRPQD
JáĊERNLHMSURZLQFMLDQLQLHVSU]HGDMHIDáV]\Z\FKEU\ODQWyZFLHPQ\PZLHĞQLDNRPOHF]
Z\JáDV]DGRQLFKJU]PLąFHSU]HPyZLHQLDRSRGĪHJDF]DFKZRMHQQ\FKL]DU]ąG]D]ELyU-
NĊQD:LHWNRQJLRILDU\DPHU\NDĔVNLHJRPLOLWDU\]PX6]DOELHU]ZNDSLWDOL]PLHERLVLĊ
RV]XNLZDQ\FKLSROLFMLZNRPXQL]PLHRV]XNLZDQLLSROLFMDERMąVLĊV]DOELHU]D²]DMHJR
NáDPVWZDPLVWRLZV]HFKPRFQ\LSU]HQDMĞZLĊWV]\DXWRU\WHW:LDU\L,GHRORJLL.RPXQL]P
URLVLĊRG*RJRORZVNLFK5HZL]RUyZ=DPLDVWXGDZDüV]ODFKFLFDF]\G\JQLWDU]DXGDMHVLĊ
LGHDOLVWĊ7RSU]HEUDQLHRWZLHUDZSURVWQLHRJUDQLF]RQHPRĪOLZRĞFL0RĪQDQDSU]\NáDG
SLVDüSRHPDW\RVáRĔFXVRFMDOL]PXZNWyU\PJU]HMHVLĊOXG]NRĞü0RĪQDMDNWRXF]\-
QLáSHZLHQPáRG\F]áRZLHNZ5XPXQLLQDSLVDüGRMHGQHM]HVWRáHF]Q\FKJD]HW]SURĞEą
ROHJLW\PDFMĊNRUHVSRQGHQWDWHUHQRZHJR2WU]\PDáRQMąEH]WUXGQRĞFLNRPXQLVW\F]-
QDSUDVDNRU]\VWDERZLHPQDPLĊWQLH]SRPRF\W\VLĊF\EH]SáDWQ\FKNRUHVSRQGHQWyZ
NWyU\FK]DGDQLHPMHVWLQIRUPRZDüFHQWUDOĊRW\PĪHZORNDOQ\PPLHMVNLPSDUNXSR-
VWDZLRQRWU]\QRZHáDZNLGODXF]F]HQLDXURG]LQ/HQLQD=OHJLW\PDFMąXGDáVLĊQD]D-
SDGáąZLHĞJG]LH]JáRVLáVLĊGRJPLQQHMUDG\QDURGRZHMZNWyUHMSU]HGVWDZLáVLĊMDNR
G]LHQQLNDU] ]H VWROLF\ 1D]DMXWU] Z\SDGDáR ĞZLĊWR SDĔVWZRZH ZLĊF WDN Z\ELWQ\ JRLü
]DSURV]RQ\ ]RVWDá GR SUH]\GLXP XURF]\VWHM DNDGHPLL JG]LH Z\JáRVLá JU]PLąFH SU]H-
PyZLHQLH R XURNDFK VRFMDOL]PX L ZLHONRĞFL SDUWLL :LHĞQLDF\ RV]RáRPLHQL UR]PLDUDPL
MHJRGHZRFMLLSU\QF\SLDOQRĞFLGRV]OLGRZQLRVNXĪHPXVLRQE\üF]áRZLHNLHPSRWĊĪ-
Q\PLZSá\ZRZ\PWRWHĪZFLąJXQDVWĊSQ\FKGQLPáRG\F]áRZLHNZ\U\ZDQ\E\áVRELH
SU]H] PLHMVFRZ\FK QRWDEOL VSLMDá LFK QDMVWDUV]H WUXQNL L NRFKDá LFK FyUNL 3RF]ąWNRZR
RGPDZLDáSU]\MPRZDQLDGUREQ\FKSRGDUXQNyZDOHJG\JRQLHPDOQDNOĊF]NDFKEáDJDOL
DĪHE\SRPyJáOXGRZLSUDFXMąFHPX]GHF\GRZDáVLĊXFLV]\üZVRELHJáRVLGHDOLVW\F]QHJR
VXPLHQLDLSU]\MąáSRNDĨQąVXPĊSLHQLĊĪQąGODGRNRQDQLD]DNXSXQDZR]yZV]WXF]Q\FK
RNWyUHFKáRSLGDUHPQLHZDOF]\OLRGODW3RF]\PĪHJQDQ\F]XOH]QLNQąá=JXELáJRVHQ-
W\PHQWDOL]PZNLONDW\JRGQLSRWHPQDSLVDáGRVZ\FKGREURF]\ĔFyZRW\PMDNFHQLLFK
GXFKDVROLGDUQRĞFL]QLHSRVLDGDMąF\PLG]LĊNLNWyUHPXSU]HPLHQLáVLĊZSRVLDGDMąFHJR
]DĞ]DPLDVWQDZR]yZV]WXF]Q\FKRNWyUHWUXGQRWDNVDPRZVWROLF\MDNQDSURZLQFML
SU]HV\áDLPNRPSOHWG]LHá-y]HID6WDOLQD7RZ\VWDUF]\áRE\SROLFMDZNUyWFH]DSXNDáDGR
MHJRGU]ZLZZ\WZRUQ\PKRWHOXMHGQHJR]QDGPRUVNLFKX]GURZLVN1LHZV]\VF\ZVSyá-
F]HĞQL 5HZL]RURZLH U]ąG]ą VLĊ MHGQDN RGUXFKDPL VHUFD ]DSHZQLD LP WR EH]NDUQRĞü
LGáXJRWUZDáHSRZRG]HQLH1LHNWyU]\]QLFKQRV]ąW\WXá\SUH]HVyZ.RPLWHWyZ2EURĔFyZ
3RNRMXLQLJG\QLHXFLHNDMą]PLHMVFJG]LHZ\áXG]DMąSLHQLąG]HRGQDLZQ\FK6ąQDRIL-
FMDOQ\FKSDĔVWZRZ\FKSRVDGDFK
=UHV]Wą SRP\VáRZRĞü OXG]ND Z VáXĪELH SU]HGVLĊELRUF]RĞFL MHVW QLHZ\F]HUSDQD
DNUDMZNWyU\PQLF]HJRQLHPDZGRVWDWHF]QHMLORĞFLMHVW(OGRUDGHP:\VWDUF]\VWD-
QąüUDQRSU]HGNDVąNLQDZ\ĞZLHWODMąFHJRDWUDNF\MQ\ILOPLNXSLüELOHWyZE\ZLHF]R-
UHPVSU]HGDüMHSU]HGWąVDPąNDVą]]\VNLHP0HWDIL]\NDLVXUUHDOL]PJRVSR-
GDUNL NRPXQLVW\F]QHM RWZLHUD ]XSHáQLH QLHRJUDQLF]RQH PRĪOLZRĞFL SU]HG F]áRZLHNLHP
FKĊWQ\PGRZ\VLáNX1LHSUDZGRSRGREQDZSURVWSURVWRWDZSU]HFLZLHĔVWZLHGR]DFKRG-
QLHJRZ\UDILQRZDQLDWDNGREU]H]QDQHJR]EU\W\MVNLFKILOPyZRNRPELQDWRUDFKMHVW
Z NRPXQL]PLH ĨUyGáHP QDMZVSDQLDOV]\FK VXNFHVyZ 6]F]\W Z WHM G]LHG]LQLH RVLąJQąá
QLHJG\ĞSHZLHQ3RODNNWyU\SU]HF]\WDáRJáRV]HQLHRQDG]Z\F]DMQHMDNFMLVNXSXEXWHOHN
Z]ZLą]NX]QLHGRERUHPWHJRSU]HGPLRWXZSODQLHJRVSRGDUF]\PLQDU\QNX8GDáVLĊ
]DWHPGRQDMEOLĪV]HJRVNOHSXVSRĪ\ZF]HJRJG]LHVWZLHUG]LáĪHFHQDEXWHONL]SHZQ\P
Sá\QHPRNUHĞODQ\PMDNR]XSDMHVWQLĪV]DRGFHQ\SáDFRQHM]DEXWHONĊSU]H]ZáDG]H
JRVSRGDUF]H1LHZDKDMąFVLĊWHG\SU]HGLQZHVW\FMDPLZ\NXSLáyZSURGXNW]HVNOHSyZ
FDáHJRPLDVWDLRNROLF\]XSĊZ\ODáGRU\QV]WRNDDEXWHONLVSU]HGDáSDĔVWZX]LPSRQX-
MąF\P]\VNLHP=ZDĪ\ZV]\ĪH]XSDIDEU\NRZDQDE\áDSU]H]SDĔVWZRZHSU]HGVLĊELRU-
VWZRF]\OLĪHWHEXWHONLQDOHĪDá\WDNĪHGRSDĔVWZDSU]HGVSU]HGDĪąLFKSDĔVWZXSU]\-
]QDüWU]HEDĪHPáRG]LHQLHFyZSU]HMDZLáFHFK\JHQLXV]X=DPLDVWMHGQDNXVWDQRZLüJR
PLQLVWUHPKDQGOXDUHV]WRZDQRJRZLPLĊ]XSHáQLHSR]DHNRQRPLF]Q\FKNU\WHULyZ
6á\QQDVRFMRPRUDOQD]DVDGDĪHÄNWRQLHSUDFXMHWHQQLHMH´QDNWyUHMPDUNVL]P
DTP by SHADE 20
RSDUáFDáąVZRMąSRWĊJĊSRWĊSLHQLDNDSLWDOL]PXXOHJáDZNRPXQL]PLHG]LZQHPXUR]NáD-
GRZL:HGáXJWHJRMDNVSUDZ\VWRMąDNWXDOQLHNWRSUDFXMHMHZNRPXQL]PLHPQLHM]DĞ
WHQNWRQLHSUDFXMHPDZLĊFHMF]DVXQDWRDĪHE\]DáDWZLüVRELHUyĪQHU]HF]\SR]ZDOD-
MąFHPXMHĞüZLĊFHMLOHSLHM1LHPDONDĪG\PáRG\F]áRZLHNRSXV]F]DMąF\PXU\V]NROQH
ZLHRW\P]DGREU]H1LHZV]\VF\MHGQDNXPLHMą]ZLHG]\WHMZ\FLąJQąüRGSRZLHGQLH
ZQLRVNL7RRJUDQLF]HQLHXP\VáRZHNLHUXMHLFKQDMF]ĊĞFLHMZVWURQĊXQLZHUV\WHWX
.
-DNSU]HMĞüSU]H]XQLZHUV\WHWQLHVWUDFLZV]\ZLDU\ZĪ\FLH
.
-HVWWRQLHPRĪOLZH:áDĞQLHXQLZHUV\WHWMHVWPLHMVFHPJG]LHWUDFLVLĊZLDUĊZĪ\FLH
1LHNWyU]\VąG]ąĪHMHVWRQLQVW\WXFMąSU]H]QDF]RQDGRWHMIXQNFML]JRGQLH]XWDMRQ\PL
G\UHNW\ZDPLLGHRORJLL%\üPRĪHĪHQDMZLĊNVLVSRĞUyGWHRUHW\NyZVLĊJDMąFVZą]Z\-
FLĊVNą P\ĞOą Z RWFKáDQQH JáĊELH UR]XPRZDQLD SRVWDQRZLOL SU]HNV]WDáFLü JR Z ZLHONą
DNDGHPLĊ UR]F]DURZDQLD SR WR DE\ SRPyF Z SU]HPLDQLH GRW\FKF]DVRZHJR F]áRZLHND
L]EXGRZDüQRZHJR²F]áRZLHNDVRFMDOL]PX2ILFMDOQH]DSHZQLHQLDRKXPDQLVW\F]Q\FK
FHODFKXQLZHUV\WHWXPRJąE\üW\ONRNDPXIODĪHPQLHRG]RZQ\PZHSRFHSU]HMĞFLRZHM
WDNW\F]Qą NRQFHVMą GOD XĞZLĊFRQ\FK SU]H] ZLHNL SU]HNRQDĔ 8QLZHUV\WHW L ZVSyáĪ\FLH
]QLPVWXGHQWDWDNVąVNRQVWUXRZDQHĪH]DUyZQRPáRG\LGHDOLVWDMDNLPáRG\NRQIRUPL-
VWDGRZLDGXMąVLĊQDQLPRSU]\GDWQRĞFLVZRLFKSRVWDZ0áRG\LGHDOLVWDXF]\VLĊV]\E-
NRĪH]DUyZQRMHJRVSRVyEP\ĞOHQLDLRGF]XZDQLDMDNLMHJR]DPLDU\UR]PLMDMąVLĊ
]VHQVHPĪ\FLDSU]HND]\ZDQ\PPXSU]H]ZLHG]Ċ]NWyUHMXF]HOQLDIHVWG\VWU\EXWRUHP
0áRG\NRQIRUPLVWDNWyU\OLF]\QDDEVROXW\]PRĞZLHFRQ\NRPXQL]PXLPRĪOLZRĞFLGLDOR-
JXZUDPDFKDNFHSWDFML]DVDGXF]\VLĊSLHUZV]\FKJRU\F]\NRQIRUPL]PX6]\ENRGR-
ZLDGXMHVLĊĪH]GURZ\UR]VąGQ\RSRUWXQL]PRUD]LQWHOLJHQWQ\F\QL]P²F]\OLSRGVWDZ\
ZLHOXXGDQ\FKF\ZLOL]DFML²QLJG]LHJRZNRPXQL]PLHQLH]DSURZDG]ąĪHZ\PDJDQH
MHVWĞOHSHSRGGDQLHVLĊGRJPDWRP]DĞQDMOHSV]\PWZRU]\ZHPNDULHUQDZHWZQDXFH
MHVWF]DVHP]Z\NáDJáXSRWD1DLZQLREVHUZDWRU]\VSR]D]DVLĊJXNRPXQL]PXZ]UXV]DMą
ZW\PPRPHQFLHUDPLRQDPLXZDĪDMąF]DQLHPRĪOLZHDĪHE\QRQNRQIRUPL]PSRVWDZ\
PRUDOQHRSRUWXQL]PLJáXSRWDPLDá\MDNLĞZSá\ZQDRVLąJQLĊFLDLSRZRG]HQLHZPDWH-
PDW\FHWHFKQRORJLLFKHPLLF]\LQĪ\QLHULLOąGRZHM&LNWyU]\Ī\OLZNRPXQL]PLHSU]H]
ZLHOHODWPLHOLPRĪQRĞüSU]HNRQDüVLĊMDNG]LZQHVąNROHMHORVyZPDWHPDW\NyZFKH-
PLNyZWHFKQRORJyZLLQĪ\QLHUyZLMDNF]ĊVWRLJQRUDQWLV]DUODWDQ]Z\FLĊĪDá]PąGU]HM-
V]\PLOHSLHMNZDOLILNRZDQ\P&RQLH]QDF]\ĪHVDPE\áUD]QD]DZV]H]DEH]SLHF]RQ\
SU]HGXSDGNLHPQLH²OHF]MHĞOLXSDGDáWRQLHSU]H]LJQRUDQFMĊV]DUODWDQHULĊDQL]D
EáĊG\ZREHFQDXNLF]\VZHJRZ\XF]RQHJR]DZRGX
:FLąJXODW=DFKyGREVHUZXMH]H]GXPLHQLHP]MDZLVNRQLHXVWDQQHJRH[RGXVX
] NUDMyZ RSDQRZDQ\FK SU]H] NRPXQL]P 3RF]ąWNRZR Z RNUHVLH UHZROXFML URV\MVNLHM
LEH]SRĞUHGQLRSRQLHMXFLHNDOLOXG]LHRNUHĞODQLMDNRZURJRZLHNODVRZLERJDF]H]LH-
PLDQLH SU]HP\VáRZF\ ZRMVNRZL Z\VRF\ XU]ĊGQLF\ DQFLHQ UHJLPH¶X 8FLHNDáR WDNĪH
PQyVWZRLQWHOLJHQFML²SU]HGVWDZLFLHOLVSHF\ILF]QHMGOD(XURS\FHQWUDOQHMLZVFKRGQLHM
NODV\VSRáHF]QHMNWyUDF]HUSLHVZHGRFKRG\L]DZG]LĊF]DVZyMZ\VRNLVWDWXVVSRáHF]Q\
Z\NV]WDáFHQLX²DOHQLHRNUHĞODOLRQLFKDUDNWHUXSLHUZV]HMIDOLHPLJUDFML:RZ\PF]D-
VLHOHZLFDSROLW\F]QDQD=DFKRG]LHPLDáDáDWZH]DGDQLHZZ\MDĞQLDQLXLRFHQLH]MDZLVND
PyZLáRVLĊSRSURVWXĪH]HZV]HFKPLDUXVSUDZLHGOLZLRQ\SU]HZUyWZ\U]XFDSDVRĪ\WQL-
F]HJUXS\VSRáHF]QHQDĞPLHWQLNKLVWRULL:W\PF]DVLH/HQLQRJáRVLáMHGQDNĪHSDĔVWZR
URERWQLNyZLFKáRSyZZLG]LZRZHMF]ĊĞFLLQWHOLJHQFMLNWyUDVNáRQQDMHVWX]QDüSU]\-
ZyG]WZR L QLHQDUXV]DOQ\ SU\PDW NRPXQL]PX L SDUWLL VZHJR QDMGURĪV]HJR VRMXV]QLND
LEUDWD7DNDLQWHOLJHQFMDPLDáDVLĊRGWąGVWDüQLHRG]RZQDGODEXGRZ\LRVWDWHF]QHJR
]Z\FLĊVWZDVRFMDOL]PXLQD]\ZDüVLĊSUDFXMąFąLQWHOLJHQFMą²MDNE\GRWąGLQWHOLJHQFMD
QLHSUDFRZDáDQLHVWZRU]\áDPDUNVL]PXQLHGRNRQDáDUHZROXFMLLQLFE\áDNROHENąUR-
G]LQQąVDPHJR/HQLQD
'XPQ\]SUHF\]MLVZHMWHUPLQRORJLLOHQLQL]PQLHSRWUDILáWHĪMXĪQLJG\Z\WáXPDF]\ü
GODF]HJRDQW\NRPXQLVW\F]Q\SLVDU]ĪHE\QDZHWFDáHVZHĪ\FLHSUDFRZDáMDNPUyZND
DTP by SHADE 21
LQDSLVDáWRPyZMHVWQLHSUDFXMąF\PLQWHOLJHQWHP:NUyWFHWHĪZ\WZRU]\áDVLĊV\-
WXDFMDSDUDGRNVDOQDWHMF]ĊĞFLLQWHOLJHQFMLNWyUDSRáNQĊáDNRPXQLVW\F]QąĞZLĊWąNRPX-
QLĊRFKRF]RLEH]V\PSWRPyZPGáRĞFL]DF]ĊáRSRZRG]LüVLĊGRVNRQDOHQLHSRUyZQDQLH
OHSLHMQLĪURERWQLNRPLFKáRSRPNWyU\FKZáDVQRĞFLąSDĔVWZRVRFMDOLVW\F]QHPLDáRE\ü
Z]DáRĪHQLX.RQVHNZHQFMHWHJR]MDZLVNDZSUDZLá\NODV\NyZZRVáXSLHQLHRND]DáRVLĊ
ĪH Z NUDMDFK JG]LH VSUDZXMą ZáDG]Ċ SDUWLH NRPXQLVW\F]QH ]DZLHUDMą SU]\JQLDWDMąFR
ZLĊNV]\SURFHQWELXURNUDWyZLSUDFRZQLNyZDSDUDWXQLĪURERWQLNyZLFKáRSyZ²IDNW
VNU]ĊWQLH VNU\ZDQ\ Z RILFMDOQ\FK VWDW\VW\NDFK =DĞ XU]ĊGQLF\ RG GDZQD XZDĪDQL Vą
ZNUDMDFK(XURS\ZVFKRGQLHML5RVML]DSU]HGVWDZLFLHOLLQWHOLJHQFMLDOERZLHPMXĪĞUHGQLH
Z\NV]WDáFHQLHZW\FKNUDMDFKF]HJRV\PEROHPMHVWW]ZPDWXUDNZDOLILNXMH]Z\F]DMR-
ZRGRW\WXáXLQWHOLJHQWD
3DUDGRNV\]UHV]WąSRJáĊELDá\VLĊQLHXVWDMąFR:UD]]HZ]URVWHPVSRáHF]QHJR]QD-
F]HQLD LQWHOLJHQFML V]áD Z SDU]H MHM EH]EURQQRĞü VáDERĞü GZX]QDF]QRĞü MHM SR]\FML
ZREHFSUROHWDULDFNR±SDUW\MQHMZáDG]\3R]\FMDURERWQLNDMHVWMHGQR]QDF]QDGHWHUPL-
QXMHMąQLHQDUXV]DOQ\IDNWZ\NRQ\ZDQHMSUDF\3R]\FMDFKáRSDZXNáDG]LHQRZHJRVSR-
áHF]HĔVWZDPLPRĪHEDUG]LHM]áRĪRQD]RVWDáDGRNáDGQLHRSUDFRZDQDSU]H]NODV\NyZ
,QWHOLJHQFMDRSDWU]RQD]RVWDáDRZ\PFK\WU\PSU]HZURWQ\PSU]\PLRWQLNLHP²RW\P
MHGQDN F]\ MHM LQG\ZLGXDOQ\ SU]HGVWDZLFLHO QDOHĪ\ GR SUDFXMąFHM LQWHOLJHQFML RU]HND
GRUDĨQLHZáDG]DEH]PRĪQRĞFLRGZRáDQLDVLĊGRĞZLĊW\FK]DVDGNDQRQX1LHSRVáXV]Q\
OHNDU]SURIHVRUXQLZHUV\WHWXF]\QDXF]\FLHORND]XMHVLĊQDW\FKPLDVWUHOLNWHPNDSLWD-
OL]PXFKáHSF]ąF\PNUHZSUROHWDULDWXLWXF]ąF\PVLĊZ\]\VNLHPQDZHWJG\E\]DFKR-
URZDá]SU]HSUDFRZDQLD8QLHV]NRGOLZLHQLHJRZLPLĊLQWHUHVyZOXGXSUDFXMąFHJRF]\OL
Z\U]XFHQLH]SUDF\LSR]EDZLHQLHĞURGNyZGRĪ\FLDMHVWIUDV]NąQLHSRFLąJDĪDGQ\FK
SU]HFLZG]LDáDQLDEH]SUDZLXF]\SURWHVWXQDZHWMHĞOLSRWĊSLRQ\E\áE\(PVWHLQHP
7HQ VWDQ U]HF]\ ]URG]Lá QRZH ]MDZLVNR QD NWyUH OHZLFD SROLW\F]QD QD =DFKRG]LH
SDWU]\]]DNáRSRWDQLHPQLF]HJRQLHUR]XPLHMąFDQLQLHSRWUDILąFZ\MDĞQLü²PLDQRZL-
FLHH[RGXVLQWHOLJHQFML2GGáXJLFKG]LHVLąWNyZODWXFLHNDMąF\]NRPXQL]PXWRSU]HGH
ZV]\VWNLPLQWHOLJHQFLLQĪ\QLHURZLHDUFKLWHNFLOHNDU]HSUDZQLF\HNRQRPLĞFLDUW\ĞFL
LQWHOHNWXDOLĞFLSURIHVRURZLHZ\ĪV]\FKXF]HOQL1DU]XFHQLHNRPXQL]PXNUDMRP(XURS\
ZVFKRGQLHM GDOHNR JáĊELHM ]ZLą]DQ\FK ] ORVHP (XURS\ QLĪ VDPD 5RVMD ]ZLHORNURWQLá
WHQSURFHVGRUR]PLDUyZGUDPDW\F]Q\FKZVWU]ąVDMąF\FKQLH]QDQ\FKĞZLDWXVSU]HG,,
ZRMQ\ĞZLDWRZHM6DPH1LHPF\:VFKRGQLHGRSyNLQLHZ\EXGRZDá\PXUXZ%HUOLQLH
VWUDFLá\RNRáROXGQRĞFLZZ\QLNXXFLHF]HNLQG\ZLGXDOQ\FKáDWZLHMV]\FK]HZ]JOĊ-
GyZJHRJUDILF]Q\FKQLĪXFLHF]NL]LQQ\FKNUDMyZ8WDUáRVLĊWDPĪHPáRG\1LHPLHFSR
XNRĔF]HQLXV]NRá\ĞUHGQLHMF]\XQLZHUV\WHWXMHĞOLFKFHGDOHMĪ\üLUR]ZLMDüVLĊQRUPDO-
QLHSRZLQLHQXFLHNDüGR1LHPLHF=DFKRGQLFK7\PVDP\PPáRG]L1LHPF\SR]EDZLH-
QLSUDZDJáRVXZVZ\FKPLHMVFDFKURG]LQQ\FKJáRVRZDOLSU]\SRPRF\QyJZZ\QLNX
F]HJRG]LVLHMV]H1LHPF\:VFKRGQLHVąMDNE\NUDMHPZ\OXGQLRQ\PFRáDWZRGRVWU]HJD
NDĪG\SRGUyĪQ\:]JOĊGQHSROHSV]HQLHVLĊVWRVXQNyZSROLW\F]QR±VSRáHF]Q\FKZ3ROVFH
LQD:ĊJU]HFKSRURNXDZSDUĊODWSyĨQLHMZ&]HFKRVáRZDFMLNWyUHXPRĪOLZL-
áR VZRERGQLHMV]H SRGUyĪRZDQLH]DJUDQLFĊSRGGDQ\PW\FK NUDMyZ SU]\QLRVáR ]H VREą
]GXPLHZDMąFąIDOĊQLHPDOPDVRZ\FKXFLHF]HN:ĞUyGW\FKNWyU]\ÄZ\ELHUDOLZROQRĞü´
SURVLOL R D]\O RGPDZLDOL SRZURWX GR VZ\FK NRPXQLVW\F]Q\FK RMF]\]Q SU]\JQLDWDMąFą
ZLĊNV]RĞüVWDQRZLáDLQWHOLJHQFMDSUDFXMąFD&]\]QDF]\WRĪHLQWHOLJHQFMDLFKáRSLF]XMą
VLĊOHSLHMZNRPXQL]PLH"5DF]HM]QDF]\WRĪHLQWHOLJHQFMDNWyUHMLQG\ZLGXDOQLUHSUH-
]HQWDQFLRG]QDF]DMąVLĊSHUGHILQLWLRZLĊNV]ąUXFKOLZRĞFLąXP\VáRZąF]\áDWZRĞFLąGH-
F\]MLWUXGQLHMJRG]LVLĊ]HVZRLPORVHPLXVLOQLHMSRV]XNXMHGUyJZ\MĞFLDQDZHW]DFHQĊ
Ī\FLRZHJRU\]\ND$OH]MDZLVNRWRMHVWJáyZQLHSRFKRGQąWUDJLF]QHMLDEVXUGDOQHMZDONL
QDĞPLHUüLĪ\FLHZMDNąLQWHOLJHQFMDXZLNáDQDMHVWSU]H]NRPXQL]PDNWyUDSU]\SRPLQD
DSRNDOLSW\F]QR±JURWHVNRZHSHUSHWXXPPRELOH:DONDWDEH]V]DQVQD]Z\FLĊVWZRĪDG-
QHM]HVWURQURG]LZĞUyGLQWHOLJHQFMLQDVWURMHNDWDVWURIL]PXĞZLDGRPHOXESRGĞZLDGR-
PHSRF]XFLHQLHXFKURQQHM]DJáDG\W\FKZV]\VWNLFKWUHĞFLLZDUWRĞFLLQWHOHNWXDOQR±PR-
UDOQ\FKNWyUHVWDQRZLąRVDP\PLVWQLHQLXLQWHOLJHQFMLMDNRJUXS\VSRáHF]QHMEąGĨLGąF
DTP by SHADE 22
JáĊELHMRNUHĞODMąVXEVWDQFMĊLLVWRWĊZV]HONLHMG]LDáDOQRĞFLXP\VáRZHMF]áRZLHND0y-
ZLąFSURĞFLHMZ\GDMHVLĊĪHLGHDáHPNRPXQLVWyZE\áRE\SRVLDGDQLHLQWHOLJHQFMLNWyUD
E\ QLH P\ĞODáD $OERZLHP NDĪG\ NWR Ī\MH Z NRPXQL]PLH SU]HNRQ\ZD VLĊ Z NUyWNLP
F]DVLHĪH]DQDM]DFLHNOHMV]HJRVZHJRZURJDNRPXQL]PXZDĪDQLHIDV]\]PDQLERPEĊ
ZRGRURZ\ZUĊNDFKLPSHULDOLVWyZDQLDJHQWD&,$OHF]]Z\NáHMP\ĞOOXG]NDQDZHWQLH
QDMZ\ĪV]HJRORWXSRWUDILąFHMMHG\QLHSRGGDüNU\W\FHEH]VHQVRZQHWZLHUG]HQLDRPRF\
GRJPDWX ĩH ]DĞ QLH P\ĞOHü FKFąF MHGQRF]HĞQLH XSUDZLDü ]DZyG ]DOHĪQ\ RG SUDF\
Py]JX QLH PRĪQD SU]HWR NRQIOLNW MHVW QLHXQLNQLRQ\ L IDWDOQ\ .RPXQL]P ZLH R W\P
GREU]HDOHSU]HFLĊWQ\PáRG\F]áRZLHNGRZLDGXMHVLĊRW\PGRSLHURQDXQLZHUV\WHFLH
/HQLQL6WDOLQGRU]\QDMąFUHV]WNLRSRUQHMLQWHOLJHQFMLURV\MVNLHMSU]\SRPRF\PDVR-
Z\FKHJ]HNXFMLOXEVND]XMąFMHQDZ\PDUFLHZV\EHU\MVNLFKRER]DFKNRQFHQWUDF\MQ\FK
SRZWDU]DOLXSDUFLHĪH6WZRU]ąLZ\FKRZDMąQRZąVRFMDOLVW\F]QąLQWHOLJHQFMĊ²V\QyZ
LFyUNLSUDZRZLHUQ\FKSUROHWDULXV]\LFKáRSyZ.RPXQLVW\F]QLZLHONRU]ąGF\SU]HMPXMą-
F\ZáDG]ĊQDG(XURSąZVFKRGQLą]UąNJHQHUDáyZ&]HUZRQHM$UPLLL1.:']DZLHUDOL
REáXGQHSDNW\]LQWHOLJHQFMąW\FKNUDMyZSU]\U]HNDMąFSU]\ZLOHMHLV]DFXQHN3ROVND
F]HVNDF]\ZĊJLHUVNDLQWHOLJHQFMDQLHSU]HV]á\SU]H]SLHNáRUHZROXFMLLVWDQRZLá\ZyZ-
F]DV]ZDUWHLVLOQHJUXS\RRJURPQ\FKZSá\ZDFKVSRáHF]Q\FKDZNUDMDFKJG]LHURERW-
QLF\LFKáRSLQLHQDZLG]LOLLEDOLVLĊQRZ\FKSRU]ąGNyZLQRZ\FKZáDGFyZSU]HGVWDZLDá\
MHG\Q\UH]HUZXDUSRWHQFMDOQ\FKVRMXV]QLNyZ1LHPQLHMWUDNWRZDQHE\á\]QLHXIQRĞFLą
LNRPXQLĞFLE\QDMPQLHMQLHXNU\ZDOLĪHRGUD]XSU]\VWąSLąGRZ\FKRZ\ZDQLDZáDVQHM
LQWHOLJHQFMLDJG\W\ONRZ\FKRZDüSR]EĊGąVLĊ]XOJąVWDUHM
8QLZHUV\WHW\ ZLĊF VWDQĊá\ RWZRUHP SU]HGH ZV]\VWNLP SU]HG G]LHüPL SDUW\MQHM
HOLW\LSDUW\MQHJRDSDUDWXDWDNĪHSU]HGSRWRPVWZHPW]ZXSRĞOHG]RQ\FKGRWąGNODV
VSRáHF]Q\FK NWyUHPX ² MDN VąG]RQR ² ]GRáDQR ]DV]F]HSLü W]Z ĞZLDGRPRĞü NODVR-
Zą Z V]NROH ĞUHGQLHM L Z SROLW\F]Q\FK RUJDQL]DFMDFK PáRG]LHĪRZ\FK 6ąG]RQR WDNĪH
]JRGQLH]PDUNVLVWRZVNLPSRMĊFLHPSV\FKRORJLLĪHQLHZDĪQ\MHVWZURJL DOERMDNJR
RILFMDOQLHQD]\ZDQRQLHXĞZLDGRPLRQ\ VWRVXQHNURERWQLF]HMF]\FKáRSVNLHMURG]LQ\GR
NRPXQL]PXDOERZLHPĞZLDGRPRĞüNODVRZDMHVWHOHPHQWHPRUJDQLF]Q\PLG]LHFNRUR-
ERWQLND QDZHW ] QLHUR]EXG]RQą ĞZLDGRPRĞFLą EĊG]LH ]DZV]H UHDJRZDáR SUDZLGáRZR
QDLPSXOV\LGHRORJLL]JRGQLH]HVZąNODVRZąSU]\QDOHĪQRĞFLą0LDáRWRW\OHZVSyOQHJR
]SV\FKRORJLąFRZ\JDQLDQLHGLDEáD]HVFKL]RIUHQLNDSU]\SRPRF\HJ]RUF\]PyZ5H-
]XOWDW\RND]Dá\VLĊLGHQW\F]QHZ5RVMLMDNLZUHV]FLH(XURS\ZVFKRGQLHMPLPRUyĪQLF\
PHWRG1RZDLQWHOLJHQFMDSRNROHQLHG]LHFLNRPXQLVWyZXZáDG]\LPLWRORJLF]QLHSRMĊWH-
JR5RERWQLNDL&KáRSD]DSHáQLáDZNUyWFHáDJU\QD6\EHULLRSUyĪQLRQHQLHFRSRĞPLHUFL
6WDOLQD]URELáDSRZVWDQLHQD:ĊJU]HFK]DLQLFMRZDáDUHIRUPĊF]HFKRVáRZDFNąLZ\ZR-
áDáDZLHONąZRMQĊVWXGHQWyZSROVNLFKSU]HFLZNRPXQL]PRZL:RVWDWQLPF]DVLHSROVF\
NRPXQLĞFLUR]SRF]ĊOLSU]HĞODGRZDQLHLZ\SĊG]DQLHĩ\GyZQDVNDOĊQLH]QDQąRGF]DVyZ
+LWOHUDĩ\G]LVWDQRZLOLSRNDĨQ\SURFHQWLQWHOLJHQFMLWHJRNUDMXLDNFMDWDV\PEROL]XMH
SRQLHNąGGąĪHQLDLPDU]HQLDZV]\VWNLFKU]ąG]ąF\FKNRPXQL]PHPRGFLąüLQWHOLJHQFMĊ
yZZLHF]Q\UR]VDGQLNP\ĞOLDVSLUDFMLLLGHLRGĪ\ZHJRFLDáDVSRáHF]HĔVWZDVNáyFLüMą]H
VSRáHF]HĔVWZHPXQLFHVWZLüSRSU]H]XZLĊ]LHQLHZ\JáRG]HQLHOXEZ\SĊG]HQLH]NUDMX
QLZHF]ąFMHGQRF]HĞQLHV\PSDWLHGODQLHMZĞUyGV]HURNLFKPDV²FRWDNáDWZRXGDáRVLĊ
]ĩ\GDPLZDQW\VHPLFNLPRWRF]HQLX=DĞQDMHMPLHMVFHXOHSLü1RZą,QWHOLJHQFMĊEH]
UHV]W\SRVáXV]QąSU]\GDWQąGODFHOyZGRNWU\Q\SROLW\NLZáDG]\0DMąWHJRGRNRQDüQLH-
XVWDQQLHUHRUJDQL]RZDQHXQLZHUV\WHW\Z\SHáQLRQHFLąJOHQRZ\PLSURIHVRUDPLNWyU\FK
ORMDOQRĞüEDGDQDMHVWVNUXSXODWQLHMQLĪDWRPRZHUHDNWRU\:WHQVSRVyESURGXNXMHVLĊ
FLąJOHQRZHSRNROHQLDQRZHMLQWHOLJHQFMLNWyUHQLHRGPLHQQLHLFLąJOHWDNVDPRS\WDMą
GODF]HJRMHVWWDNMDNMHVW²SRF]\P]ZUDFDMąVLĊSU]HFLZNRPXQL]PRZL,EĊG]LHWDN
]DZV]HGRSyNLNRPXQLĞFLQLH]UR]XPLHMąĪHĪDGHQV\VWHPZáDG]\ZKLVWRULLF]áRZLHND
QLHRGQLyVá]Z\FLĊVWZDQDGP\ĞOĊF]áRZLHNDNWyUD]DZV]H]ZUDFDüVLĊEĊG]LHSU]HFLZ
SVHXGRSUDZGRPEH]EURQQ\PZREHFUR]XPXLGODWHJRFKURQLRQ\PSU]H]SROLFMĊ
.RPXQL]PWZLHUG]LĪHMHJRFHOHPRVWDWHF]Q\PMHVWSU]HREUDĪHQLHVWRVXQNyZOXG]-
NLFKZGXFKXUyZQRĞFLLVSUDZLHGOLZRĞFLĪHZURJLHPMHJRMHVWZ\]\VNLNU]\ZGD6ą
DTP by SHADE 23
WRSLĊNQHLGDOHNRVLĊĪQHFHOH1DZHWPDMąFZáDVQH]GDQLHFRGRLFKRVLąJDOQRĞFLNDĪG\
ZVWĊSXMąF\QDVWXGLDZ\ĪV]HVNáRQQ\MHVWMH]DDNFHSWRZDüLZVSyáG]LDáDüZLFKXU]H-
F]\ZLVWQLHQLX6]\ENRMHGQDNSU]HNRQXMHVLĊĪHXQLZHUV\WHWZ\UXV]DQLHQDNUXFMDWĊ
SU]HREUDĪHQLD ĞZLDWD OHF] RJUDQLF]D VLĊ GR Z\VLáNX SU]HREUDĪHQLD MHJR VDPHJR L WR
ZVSRVyE]DVDGQLF]RUyĪQ\RGW\FK]DVDGZ\FKRZDQLDLHGXNDFMLNWyUHOHJá\XSRGáR-
ĪDF\ZLOL]DFMLLNXOWXU\6WXGHQWQLHRWU]\PXMHZLĊFSUDZDGRLQG\ZLGXDOQHJRUR]ZRMX
LNRQVHNZHQWQLH]HĔZ\QLNDMąF\FKSU]HPLDQXP\VáRZ\FK-HJRSURIHVRUQLHLQWHUSUH-
WXMHSU]HND]\ZDQHMZLHG]\RELHNW\ZQLHOHF]RJáRV]ąXVWDORQHQLHSU]H]VLHELHVDPHJR
IRUPXá\$UJXPHQW\SU]HFLZVWDZQHJRSRJOąGXQLHVąSRGDZDQHGRZLDGRPRĞFLZQLRVNL
QLHVąG\VNXWRZDQH-HGQRVWURQQRĞüXZDĪDQDMHVW]DWULXPIZáDĞFLZHJRĞZLDWRSRJOąGX
ILOR]RILLWHRULLPHWRGRORJLL:ELEOLRWHNDFKQLHPDNVLąĪHNWUDNWXMąF\FKRFDáRNV]WDáFLH
]DJDGQLHĔ²EUDNW\FKNWyUHPRJąGRVWDUF]\üDUJXPHQWDFMLQLHSU]\FK\OQHMGODRILFMDO-
QHJRSRJOąGXQD]\ZDVLĊUR]JURPLHQLHPIDáV]\Z\FKWZLHUG]HĔ
1D=DFKRG]LHZLHVLĊPDáRDOERLQLFRIDNFLHĪHNDĪGDU]ąG]ąFDSDUWLDNRPXQL-
VW\F]QD GRFKRG]ąF GR ZáDG]\ VSRU]ąG]D F]DUQą OLVWĊ NVLąĪHN ]DND]DQ\FK ² ]XSHáQLH
MDNĝZLĊWD,QNZL]\FMDL+LWOHU.VLąĪNLVąWURSLRQHMDNSU]HVWĊSF\XVXZDQH]ELEOLRWHN
SDORQHPDVRZRQDVWRVDFKLZSLHFDFK6ąWHĪ]DP\NDQHZZLĊ]LHQLDFK.DĪGDELEOLRWH-
NDPDW]ZG]LDáSURKLELWyZF]\OLWDNLFKNVLąĪHNNWyUHVWXGHQWF]\SUDFRZQLNQDXNRZ\
RWU]\PDü PRĪH W\ONR ]D VSHFMDOQ\P SR]ZROHQLHP SDUW\MQ\FK U]ąGFyZ XF]HOQLą .WR
MHVWZWDNLFKZLĊ]LHQLDFK"%DUG]RUyĪQLSU]HVWĊSF\²RG(SLNXUDSRSU]H]ĞZ7RPDV]D
]$NZLQXGR'RVWRMHZVNLHJR%DNXQLQDL(LQVWHLQD²]DOHĪQLHRGNDSU\VyZLGHRORJLF]-
Q\FKORNDOQ\FKQDG]RUFyZXP\VáyZ
:WHQVSRVyEVWXGHQW]DF]\QDE\üSU]HREUDĪDQ\LSU]HEXGRZ\ZDQ\QDZ]yUWHR-
UHW\F]QLHZ\NRQF\SRZDQHJRPRGHOXF]áRZLHND0RGHOWHQ]NROHLQLHMHVWIXQGDPHQ-
WDOQLH RSUDFRZDQ\ MHJR ORJLF]QH L HW\F]QH ]DáRĪHQLD Vą ]DOHGZLH V]NLFRZR L SRELHĪ-
QLH]DU\VRZDQHSU]H]NODV\NyZ:VZ\FKQDMEDUG]LHMVWUXNWXUDOQ\FKLIXQNFMRQDOQ\FK
]áąF]DFK L VSRMHQLDFK MHVW RQ GHWHUPLQRZDQ\ GRUDĨQLH SU]H] SROLW\F]QH NRQLHF]QRĞFL
JUXS\ U]ąG]ąFHM , WDN ]DOHĪQLH RG V\WXDFML Z\PDJDQH MHVW RG VWXGHQWD NDUG\QDOQH
SRWĊSLHQLH ELRORJLL MDNR QDXNL QLH]JRGQHM ] VRFMDOLVW\F]Q\P ĞZLDWRSRJOąGHP X]QDQLH
SV\FKRORJLL]DUHOLNWĞUHGQLRZLHF]QHMFLHPQRW\XP\VáRZHMOXEEH]DSHODF\MQH]DDNFHS-
WRZDQLHWZLHUG]HQLDĪH7LWRE\áDJHQWHP,QWHOOLJHQFH6HUYLFH1LH]QDF]\WRZFDOHĪH
]DURNWZLHUG]HQLDWHQLH]RVWDQąDQXORZDQHLVWXGHQWQLH]RVWDQLHZH]ZDQ\GRXVLOQ\FK
VWXGLyZQDGELRORJLąUG]HQLHPPDWHULDOL]PXILOR]RILF]QHJRSRXF]RQ\RW\PĪHSUR-
SHGHXW\NDSV\FKRORJLL]DZDUWDMHVWZG]LHáDFK/HQLQDL6WDOLQD)UHXG]DĞVIDáV]RZDáMą
QDXĪ\WHNNDSLWDOLVWyZRUD]ĪH7LWRMHVWVWDU\PZ\SUyERZDQ\PERKDWHUHPUHZROXFML
6WXGHQWZLĊFPXVLVLĊ]JRG]LüQDWRĪHEĊG]LH]PLHQLDQ\ZLHOHUD]\ZRNUHVLHVWXGLyZ
ZFDáNLHPVSU]HF]QH]VREąZ]RUFHF]áRZLHNDLRE\ZDWHODLNV]WDáWRZDQ\EH]XG]LDáX
ZáDVQHMZáDG]\VąG]HQLD7R]DVDGQLF]HQDUXV]HQLHSUDZDGRLQG\ZLGXDOQHJRUR]ZRMX
NDPLHQLDZĊJLHOQHJRHXURSHMVNLHMF\ZLOL]DFML]NWyUHJRZ\URVáDFDáDMHMFKZDáD]PDUN-
VL]PHPZáąF]QLHMHVWGRJáĊEQHOHF]]UD]XWUXGQR]DXZDĪDOQH2GPRZDSU]\ZLOHMXGR
ZáDVQHJRGRĞZLDGF]HQLDXP\VáRZHJRMHVWEROHVQ\PRNDOHF]HQLHPMHGQRVWNLOHF]GR-
SLHUR]QDWXUDOQHJRRGUXFKXQLH]JRG\QDQLąZ\QLNDMąU]HF]\IDWDOQH
$EVWUDKXMąF RG SU]HĞODGRZDĔ NRQNUHWQ\FK MDN XVXQLĊFLH ] XF]HOQL SR]EDZLDQLH
VW\SHQGLyZ SU]\PXVRZH ZFLHOHQLH GR ZRMVND QD ZLHOH ODW UXLQD ]DPLDUyZ QD SU]\-
V]áRĞü²QLH]JRGDQDSURSRQRZDQHSU]H]NRPXQLVWyZZLG]HQLHĞZLDWDZLąĪHVLĊ]REH]-
ZáDGQLDMąF\P SRF]XFLHP Z\PXV]RQHM DOLHQDFML RVDPRWQLHQLD EH]VLOQRĞFL -HGQ\P
]QDMVNXWHF]QLHMV]\FKQDU]ĊG]LNRQVWUXNFMLQRZHJRF]áRZLHNDMHVW]DNRU]HQLHQLHZQLP
SU]HNRQDQLDREH]VNXWHF]QRĞFLMDNLHJRNROZLHNRSRUX)DáV]RZDQLHKLVWRULLPRĪHEXG]Lü
JQLHZOXEV]\GHUVWZROHF]SU]HĞZLDGF]HQLHĪHQLHVSRVyEMHVWIDáV]HUVWZDVSURVWRZDü
SRJUąĪDVWXGHQWDZQDVWURMDFKIUXVWUDFMLNWyUD²SRPQRĪRQDSU]H]OLF]EĊVWXGLXMąF\FK
² VWDMH VLĊ ]MDZLVNLHP VSRáHF]Q\P QLHEH]SLHF]HĔVWZHP JRG]ąF\P Z RVWDWHF]Q\P
UR]UDFKXQNXZVDP\FKNRPXQLVWyZ
.RPXQLĞFL ]QDMą VLáĊ RSRUX LQVW\QNWRZQHJR L SRGĞZLDGRPHJR ZREHF VZ\FK ]D-
DTP by SHADE 24
PLHU]HĔLSUDNW\NZ\SUDFRZXMąZLĊFVNRPSOLNRZDQHSU]HFLZG]LDáDQLDNWyU\FKJáyZQą
RVQRZąMHVWVNUXSXODWQLHSU]HP\ĞODQ\]DPĊWSRMĊüEH]EáĊGQLHZ\NRQF\SRZDQHSU]H-
LQDF]HQLH]DVyEZLDGRPRĞFLWDNRGZURWQ\FKVIDáV]RZDQ\FKEáĊGQ\FKL]QLHNV]WDáFR-
Q\FKĪHZDONDRLFKVSURVWRZDQLHVWDMHVLĊQLHPRĪOLZDEH]]DVDGQLF]HJREXQWXSU]H-
FLZZV]\VWNLPNU\WHULRP7DWHFKQLNDSR]ZDOD]NROHLSU]HGVWDZLüQLHĞZLDGRPą]JRGĊ
MDNRĞZLDGRP\Z\EyUGH]RULHQWDFMĊMDNRNRKHUHQWQąV\QWH]ĊIDNWyZLSU]HNRQDĔEUDN
ZLHG]\²MDNRVDPąZLHG]Ċ.WRĞNWRQLHĪ\áZNRPXQL]PLHQLHPDLQLHPRĪHPLHü
SRMĊFLD R W\P MDN WDP VLĊ QLH Ī\MH -DN EDUG]R MDN GDOHNR MDN JáĊERNR -DN FDá\ JL-
JDQW\F]Q\DSDUDWGR]DFLHPQLHĔGR]DVáRQG\PQ\FKGRSURGXNFMLQLHZLHG]\SUDFXMH
WDPQDSHáQ\FKREURWDFKSU]H]FDáąGREĊ%DUG]RLQWHOLJHQWQ\VWXGHQWQLHPDWDPQD
RJyá]LHORQHJRSRMĊFLDRF]DVLHKLVWRU\F]Q\PVZRLFKURG]LFyZNDĪG\RGFLQHNKLVWRULL
ZLHG]\RVSRáHF]HĔVWZLHNXOWXU\ELHĪąFHM]RVWDMHQDW\FKPLDVW]GHNDW\]RZDQ\QDGR-
UDĨQ\ FKZLORZ\ XĪ\WHN Z\PLHORQ\ L UR]JQLHFLRQ\ WDN DĪHE\ QLH SU]\OHJDá Z MDNLNRO-
ZLHN VSRVyE GR SUDZG\ Z ĞZLDGRPRĞFL VWXGHQWD 1LHVDPRZLW\ WUDQVIRUPDWRU SUDZG
Z\QDOH]LRQ\ SU]H] /HQLQD D XGRVNRQDORQ\ PLVWU]RZVNR SU]H] 6WDOLQD SUDFXMH G]LHĔ
LQRFQDGW\PSURFHVHPRGFLQDQLDZ\NUHĞODQLDZ\ZDELDQLDSODPR]QLNLHP]DELMDQLD
PLOF]HQLHP]DGHSW\ZDQLDOXG]LLIDNWyZVND]DQ\FKQDQLHE\W6XNFHV\RVLąJQLĊWHSR
ODWDFKVąIDQWDVW\F]QH.RQVWUXNFMDVSRáHF]HĔVWZZNWyU\FKZLHG]DRĪ\FLXLĞZLHFLH
RGFLĊWDRGSU]HV]áRĞFLLKLVWRULL]DF]\QDVLĊZUD]]SRF]ąWNLHPĞZLDGRPRĞFLNDĪGHJR
F]áRZLHNDMHVWGRNRQDQLHPZREHFNWyUHJR2UZHOOZ\GDMHVLĊ]HV]\WRZ\PVFLHQFH±ILF-
WLRQ 2VLąJQLĊFLD SU]HFLZQLNyZ ]DZV]H SU]HGVWDZLDQH Vą MDNR LFK NOĊVND QDZHW MHĞOL
JZDáFLWRSRGVWDZ\]GURZHJRVHQVX&LHNDZHFRSRZLHG]LDáE\VWXGHQWDPHU\NDĔVNL
JG\E\SURIHVRUXVLáRZDáJRSU]HNRQDüĪH*HRUJH:DVKLQJWRQE\áNRPXQLVWąNWyUHPX
W\ONRG\VWDQVZF]DVLHSU]HV]NRG]LáZ]DSLVDQLXVLĊGRSDUWLLSUDZGRSRGREQLH]HFKFLDá-
E\WĊVSUDZĊSU]HG\VNXWRZDü6WXGHQWF]HVNLF]\SROVNLPRĪHVLĊW\ONRXĞPLHFKQąü
1LHRP\OQRĞüMHVWZáDĞFLZRĞFLąSRGHMU]DQąLRGS\FKDMąFąSDFKQąFąILGHL]PHPGOD
NWyUHJRQLHPDG]LĞPLHMVFDQDZVSyáF]HVQ\PXQLZHUV\WHFLH1DXNDLZLHG]DGRNRQDá\
Z ]DFKRGQLHM F\ZLOL]DFML RV]DáDPLDMąFHM NDULHU\ ZáDĞQLH QD SURVWRZDQLX RP\áHN UH-
JXáDZHGáXJNWyUHMGRQDMVáXV]QLHMV]\FKZQLRVNyZLVąGyZGRFKRG]LVLĊSRSU]H]VSyU
] QDMQLHVáXV]QLHV]\PL WZLHUG]HQLDPL ]DDNFHSWRZDQD ]RVWDáD Z JáĊERNLHM VWDURĪ\WQR-
ĞFL 3UDZR GR EáĊGX QLHNDUDQHJR LQDF]HM QLĪ SU]H] XGRZRGQLHQLH JR VWDQRZL MHGQR
]QDMFHQQLHMV]\FKQDU]ĊG]LSRVWĊSXQLHRGáąF]QHRGSRGVWDZRZ\FK]DVDGSRV]XNLZDQLD
SUDZG\:V]\VWNLHĞZLDWRSRJOąG\LUHOLJLH]DF]\QDá\VZyMXSDGHNEąGĨGHNDGHQFMĊRG
SURNODPRZDQLDZáDVQHMQLHRP\OQRĞFLLRGPRZ\SUDZDGRRP\OQRĞFLLQQ\P.RPXQL]P
XZDĪDVLĊ]DQDMZVSyáF]HĞQLHMV]\ĞZLDWRSRJOąGQDXNRZ\SRSDGDZLĊFZQLHVá\FKDQH
NáRSRW\LJXELVLĊZVSU]HDQRĞFLDFKVWDMąFSU]HG]DJDGQLHQLHPQLHRP\OQRĞFL-DNRLGH-
RORJLD WRWDOLWDUQD L PRQRSROLVW\F]QD PXVL RQ ZDOF]\ü QD GZD IURQW\ QLH PRĪH VRELH
SR]ZROLüDQLQDSU]\]QDQLHVLĊGRZáDVQ\FKEáĊGyZDQLQDQD]ZDQLHLFKEáĊGDPLLPXVL
NDUDüEáĊG\LQQ\FKQDZHWMHĪHOLSROHJDMąRQHZ\áąF]QLHQDGRVWU]HJDQLXEáĊGyZNR-
PXQL]PX1LHZLDUDZNRPXQL]PMHVWQDMZLĊNV]\PEáĊGHPLQLNWGRQLHMQLHPDSUDZD
QDZHWMHĞOLEáĊG\NRPXQL]PXMą]HZV]HFKPLDUXVSUDZLHGOLZLDMą$OHEáąGMHVWEáĊGHP
ZWHG\W\ONRMDNWR]DXZDĪ\áSHZLHQSROVNLSLVDU]JG\PRĪQDJRSXEOLF]QLHZ\WNQąü
JG\QLHPRĪQDQLHPDWHĪEáĊGXD=DF]\QDVLĊQLHRP\OQRĞüNRPXQL]PX²WR]QDF]\
LVWQLHQLH EáĊGX R NWyU\P ZV]\VF\ ZLHG]D ĪH MHVW OHF] R NWyU\P QLNW QLH PD SUDZD
PyZLü:WDNLPNOLPDFLHURODL]QDF]HQLHXQLZHUV\WHWXVSURZDG]DMąVLĊGRVWZLHUG]DQLD
ĪHF]áRZLHNRGG\FKD]LHPLD]DĞSU]\FLąJDFRQLHJUR]LĪDGQąRP\áNą$E\QLHSRSDĞü
Z ]XSHáQą ĞPLHV]QRĞü NRPXQL]P ]DVáDQLD VZą QLHRP\OQRĞü QLHQDUXV]DOQRĞFLą SUDZ
KLVWRULLLZDONLNODVNWyUHMPLHQLVLĊMHG\Q\PRERZLą]XMąF\PRGNU\ZFąLLQWHUSUHWDWR-
UHP:\QLND]WHJRV\WXDFMDSDUDGRNVDOQD]DEVROXW\]RZDQDSU]H]PDUNVL]PKLVWRULD
UHMHVWUXMHSRP\áNLSDUW\MQHMGRNWU\Q\²MDNZ\EXFKSLHUZV]HMUHZROXFMLSUROHWDULDFNLHM
Z NUDMX UROQLF]\P OXE QLH]OLF]RQH NDWDVWURI\ JRVSRGDUF]H Z =655 ² DOH Z SRMĊFLX
SDUWLLVWDQRZLQLHQDUXV]DOQ\LQVWUXPHQWQLHRP\OQHMZLHG]\RSU]\V]áRĞFLZ\]QDF]DMąF\
ORV\VSRáHF]HĔVWZMHGQRVWHNSRMĊüLQWHOHNWXDOQ\FKLPRUDOQ\FKQDXNLLZLHG]\3R-
DTP by SHADE 25
QLHZDĪKLVWRULDVLĊQLHP\OLWHUD]OHF]]DZV]HNLHG\ĞMSU]HWR3DUWLDMHM:LHONL3OHQL-
SRWHQWQLHP\OLVLĊQLJG\ELHĪąFRDNWXDOQLHWHUD]LWXQDWRPLDVWPDG\VNUHWQHSUDZR
GRQLH]OLF]RQ\FKLIDWDOQ\FKRP\áHNZSU]HV]áRĞFL]ZROQLRQDMHVWMHGQDNSU]\W\PWDN
]NRQVHNZHQFMLW\FKRP\áHNMDNL]QDWXUDOQHJRRERZLą]NXVNURPQRĞFLMDNLZ\GDZDáE\
VLĊ]UR]XPLDá\XNRJRĞNWRP\OLáVLĊWDNF]ĊVWRWDNREILFLHLWDNJáĊERNR3DUWLDVDPD
VRELHXG]LHODDEVROXFMLLVDPDVLHELHUR]JU]HV]DFRVSUDZLDĪHEáąGMHVWW\ONRZWHG\
RELHNW\ZQ\PEáĊGHPF]\OLĪHPDVLĊGRQLHJRSUDZRJG\SDUWLDJR]DWDNLX]QD
6NXWNLWHJRVWDQXU]HF]\GODQDXNLZLHG]\XQLZHUV\WHWyZQDXF]DQLDLVWXGLXMą-
F\FKVąSU]HUDĪDMąFHàDWZRMHVWMHSU]HĞOHG]LüQDNODV\F]Q\PSU]\NáDG]LHOLQLLSURVWHM
/LQLDSURVWDMDNWRSRZV]HFKQLHZLDGRPRVáXĪ\QDMNUyWV]HPXSRáąF]HQLXGZyFKSXQN-
WyZZSU]HVWU]HQL=WHMIXQNFMLZ\QLNDMHMXW\OLWDU\]PPDWHPDW\F]Q\ILOR]RILF]Q\SR-
]QDZF]\F\ZLOL]DF\MQ\NXOWXURZ\VSRáHF]Q\:NRPXQL]PLHOLQLDSURVWDVáXĪ\SU]HGH
ZV]\VWNLPGREUXNRPXQL]PX$]DWHPGREUXSDUWLLLMHMNLHURZQLFWZD-HMQDVWĊSQ\P
]DGDQLHP MHVW Z\ND]\ZDQLH Z\ĪV]RĞFL XVWURMX NRPXQLVW\F]QHJR QDG NDĪG\P LQQ\P
1DVWĊSQLH ² VáXĪED Z\]ZRORQHPX ] ZLĊ]yZ OXGRZL DOH QLH MHJR ZURJRP :UHV]FLH
² VáXĪ\ WDNĪH SRáąF]HQLX GZyFK SXQNWyZ Z SU]HVWU]HQL 3RZ\ĪV]H]DVDG\ PDMą PRF
XQLZHUVDOQą OHF] Z ĪDGQHM G]LHG]LQLH Ī\FLD QLH Z\VWĊSXMą ] WDNą Z\UD]LVWRĞFLą L QLH
NUHXMąZLĊNV]HJRFKDRVXQLĪQDXQLZHUV\WHFLH,FKGLDOHNW\F]Q\VFKHPDWSU]HQLHVLRQ\
QDVWXGLDIDUPDFHXW\NLOLWHUDWXU\F]\IL]\NLWHRUHW\F]QHMSR]ZDOD]UR]XPLHüFRP\ĞOL
LF]XMHVWXGHQWZNRPXQL]PLH-HGHQ]QLFKZ\SRZLHG]LDáNLHG\ĞVáRZDJRGQHJáĊERNLHM
XZDJLÄ&]ĊVWR]DVWDQDZLDPVLĊF]\.DURO0DU[E\áILOR]RIHPF]\XF]RQ\P:\GDMHPL
VLĊ MHGQDN ĪH ILOR]RIHP *G\E\ E\á XF]RQ\P Z\SUyERZDáE\ VZyMV\VWHP ZSLHUZ QD
]ZLHU]ĊWDFK«´
.
-DNNRU]\VWDü]Z\QDOD]NXWHOHIRQX
.
3HZLHQ &]HFK SRZLHG]LDá ÄW\ONR Z NRPXQL]PLH WHOHIRQ MHVW QDSUDZGĊ SXEOLF]Qą
LQVW\WXFMą.DĪG\NWRUR]PDZLDSU]H]WHOHIRQPRĪHE\üSHZQ\ĪHUR]PRZDMHJRQLHQD-
OHĪ\W\ONRGRQLHJROHF]VWDMHVLĊZáDVQRĞFLąVSRáHF]HĔVWZD´:VáRZDFKW\FK]DZLHUDVLĊ
V]HUHJPąGURĞFLQDMJURĨQLHMV]D]QLFKMHVWWDNWyUDZVND]XMHQDSU]HG]LZQąZVSyá]D-
OHĪQRĞüSRPLĊG]\PDU]HQLHPDU]HF]\ZLVWRĞFLąZĪ\FLXGXFKRZ\PWHRUHW\NyZSyĨQHJR
PDUNVL]PX 0DU]ą RQL WNOLZLH R W\P DĪHE\ VSRáHF]HĔVWZR NRFKDáR SROLFMĊ SROLW\F]Qą
LLQQHRUJDQ\EH]SLHF]HĔVWZDLXZDĪDáRMH]DVZyMQDMGURĪV]\VNDUE=SXQNWXZLG]HQLD
W\FK PDU]HĔ SRGVáXFKLZDQLH UR]PyZ SU\ZDWQ\FK L XWUZDODQLH MH QD WDĞPDFK PDJQH-
WRIRQRZ\FK VáXĪ\ SRGVáXFKLZDQ\P L FKURQL LFK SU]HG SRNXVDPL LQW\PQRĞFL D ]DWHP
SRPQDĪDGRUREHNVSRáHF]Q\7UDG\FMHW\FKPDU]HĔVąRGOHJáHLVLĊJDMąVWDURURV\MVNLFK
PDVRFKL]PyZ]F]DVyZ,ZDQD*URĨQHJRNWyU\XF]\áVZRLFKSRGGDQ\FKĪHQLHPDQLF
UR]NRV]QLHMV]HJRQLĪE\üNRSDQ\PZWZDU]SU]H]VZHJRFDUDNWyU\²SU]\]QDüWXWU]H-
ED²GRV]HGáGRSHZQ\FKUH]XOWDWyZZ]DNRU]HQLHQLXWDNLFKXF]XüZGXV]DFK5RVMDQ
$OHZHZVFKRGQLHM(XURSLHUR]ELHĪQRĞüLQWHUHVyZVSRáHF]HĔVWZD]LQWHUHVDPLNRPXQL-
VWyZU]XFDVLĊZRF]\MXĪQRZRURGNRZLSRRSXV]F]HQLXáRQDPDWNLDRWZDUW\NRQIOLNW
OXG]L]SROLFMąNWyUHJáyZQ\P]DGDQLHPMHVWZ\PXV]DQLHLFKSRVáXV]HĔVWZDGODNRPX-
QLVWyZVWDQRZLURG]DMWOHQXNWyU\PRGG\FKDMąZV]\VF\ZRNRáR
:$PHU\FHG\VNXWXMHVLĊSXEOLF]QLHZąWSOLZRĞFLPRUDOQHSRGVáXFKLZDQLDSU]HVWĊS-
FyZ L NU\PLQDOLVWyZ NWyU\FK DQW\OXG]ND L DQW\VSRáHF]QD SRVWDZD MHVW GOD ZV]\VWNLFK
RF]\ZLVWRĞFLą=QDF]QDF]ĊĞüVSRáHF]HĔVWZDDPHU\NDĔVNLHJRXZDĪDLHSRGVáXFKLZDQLH
QDZHWZGREUHMVSUDZLHMHVWHW\F]QLHQLHGRSU]\MĊFLDLZDOF]\VLĊ]WąSUDNW\Ną:NR-
PXQL]PLHSRGVáXFKXMHVLĊNDĪGHJRFRGRNRJRLVWQLHMHQDMOĪHMV]HSRGHMU]HQLHĪHQLH
OXELNRPXQLVWyZF]\OL²ZSUDNW\FH²RNRáRSRVLDGDF]\DSDUDWyZWHOHIRQLF]Q\FK
DOERZLHP WDNL MHVW QD RNR SURFHQW OXG]L PDMąF\FK FRĞ SU]HFLZ NRPXQLVWRP Z FDá\P
VSRáHF]HĔVWZLHDOHQLNWWHJRQLJG\QLHPyJáZ\PLHU]\üGRNáDGQLH]HZ]JOĊGXQDEUDN
ZROQ\FKZ\ERUyZ3RGVáXFKXMHVLĊWDNĪH]XZDJąW\FKNWyU]\OXELąNRPXQL]PDQDZHW
JR NRFKDMą ER QLJG\ QLH PD SHZQRĞFL FR GR WHJR F]\ QDSUDZGĊ NRFKDMą F]\ PRĪH
DTP by SHADE 26
W\ONRXGDMąĪHNRFKDMą²LW\ONRXPLHMĊWQ\SRGVáXFKPRĪHWDNLHZąWSOLZRĞFLUR]ZLDü
=GUXJLHMVWURQ\MDNWRZV]\VF\GREU]HZLHG]ąXF]XFLDOXG]NLHVąQLHVWDáH²MHGQHJR
GQLDVLĊNRFKDDGUXJLHJRGQLDQLH²ZLHG]ĊRW\PWHĪOHSLHMVRELH]DSHZQLüSRSU]H]
G\VNUHWQąNRQWUROĊDSDUDWXWHOHIRQLF]QHJRQDZHWQDMZ\ĪHMSRVWDZLRQ\FKRVRELVWRĞFL
2F]\ZLĞFLHMDNDNROZLHNSXEOLF]QDG\VNXVMDQDWHQOHPDWQLHZFKRG]LZUDFKXEĊ
JG\Ī SRGVáXFKLZDQLH MHVW ] QDWXU\ U]HF]\ G]LDáDOQRĞFLą SRWDMHPQą L RILFMDOQLH JR QLH
PDZREHFWHJRQDMPQLHMV]DZ]PLDQNDQDWHQWHPDWZSUDVLH]RVWDáDE\VNRQILVNRZDQD
SU]H] FHQ]XUĊ D Z\SRZLHG]LDQH SXEOLF]QLH QD WHQ WHPDW ZąWSOLZRĞFL PRJá\E\ SU]\-
QLHĞüQLHRVWURĪQHPXáDGQ\FKSDUĊODWZLĊ]LHQLD2UJLDSRGVáXFKLZDQLDV]DOHMH]ZáDV]F]D
Z 5RVML JG]LH QDXF]RQR VLĊ Z\UDELDü PDVRZR HOHNWURQRZH QDU]ĊG]LD LQZLJLODFML ]DĞ
ZáDG]HWUDNWXMąLFKSURGXNFMĊMDNRDUW\NXáSLHUZV]HMSRWU]HE\ZDĪQLHMV]\RGSáDWNyZ
RZVLDQ\FKGODG]LHFL:WHMFKZLOLMHVWMXĪU]HF]ąSRZV]HFKQLHZLDGRPąĪHHOHNWURQLNL
XĪ\ZDVLĊWDPGODNRQWUROLNDĪGHJRNURNXNDĪGHJRF]áRZLHNDNWyU\]DSLVDQ\]RVWDMH
ZNDUWRWHNDFKSROLFMLSROLW\F]QHMMDNRÄLQWHUHVXMąF\´ĪH]DĞ]DLQWHUHVRZDQLDSROLFMLSR-
OLW\F]QHMVąZNRPXQL]PLHQLH]PLHUQLHV]HURNLHSU]\MąüWU]HEDĪHSURFHQWLQZLJLORZD-
Q\FKSU]HNUDF]DQDMEDUG]LHMSHV\PLVW\F]QHSURJQRVW\NL
,QQHNUDMHNRPXQLVW\F]QHXVWĊSXMą5RVMLZW\FKRVLąJQLĊFLDFKQLHPQLHMDSDUDWXUD
SRGVáXFKRZDRSODWDWDPZV]\VWNLHZDĪQLHMV]HLQVW\WXFMHSROLW\F]QHVSRáHF]QHLJRVSR-
GDUF]HRUD]QLH]OLF]RQDLORĞüSU\ZDWQ\FKDSDUDWyZW\FKZV]\VWNLFKNWyU]\FRĞ]QDF]ą
ZĪ\FLXQDURGXDZLĊFLVDP\FKQDMZDĪQLHMV]\FKNRPXQLVWyZ/XG]LH]HVZąQLH]áRP-
Qą LQZHQFMą Z SRNRQ\ZDQLX SDUV]\ZRĞFL Ī\FLD QDXF]\OL VLĊ QDZHW SHZQHM NRHJ]\-
VWHQFML]W\PVWDQHPU]HF]\DQDZHWGRV]OLGRPHWRGSR]\W\ZQHJRZ\NRU]\VW\ZDQLD
MHJRQLHSU]HZLG]LDQ\FKZáDĞFLZRĞFL3HZLHQSROVNLLQĪ\QLHUNWyU\QLHPyJáSU]H]GáXJL
F]DVQLNRJR]DLQWHUHVRZDüSURMHNWHPMDNLFKĞXOHSV]HĔ]DF]ąáZUR]PRZDFKWHOHIRQLF]-
Q\FKUR]SRZLDGDüV]F]HJyá\VZHJRZ\QDOD]NXSRQLHZDĪZNRPXQL]PLHQDZHWGUREQH
XVSUDZQLHQLH Z SUDF\ Pá\QND GR NDZ\ XZDĪDQH MHVW ]D WDMHPQLFĊ SDĔVWZRZą ZLĊF
IDFHW ]RVWDá QDW\FKPLDVW DUHV]WRZDQ\ L G]LĊNL WHPX GRVWDá VLĊ GR ZáDĞFLZ\FK OXG]L
NWyU]\ ]DLQWHUHVRZDOL VLĊ JáĊERNR MHJR LGHDPL 6NRUR SXEOLF]QD L GRJáĊEQD Z\PLDQD
SRJOąGyZMHVWQLHPRĪOLZD]HZ]JOĊGXQDFHQ]XUĊQLHNWyU]\G\JQLWDU]HSRGVáXFKLZDQL
SU]H] LQQ\FK Z\ĪV]\FK G\JQLWDU]\ XĪ\ZDMą UR]PRZ\ WHOHIRQLF]QHM ] ZáDVQą FLRWNą
MDNRĞURGNDSU]HND]\ZDQLDVZ\FKRSLQLLNWyUHLQDF]HMQLJG\QLHGRWDUá\E\GRQDMZ\ĪHM
XSODVRZDQ\FKRVRELVWRĞFL:\VWDUF]\RĞZLDGF]\üZWXENĊWHOHIRQXĪHSLHUZV]\VHNUH-
WDU]SDUWLLOXESUHPLHUU]ąGXVąRVWDWQLPLLGLRWDPL]DQLHGEXMąFWHQF]\yZSUREOHPDE\
ZNLONDGQLSyĨQLHM]RVWDüDOERXZLĊ]LRQ\PDOER]DSURV]RQ\PQDSRZDĪQąUR]PRZĊ
]NWyUHMZ\MĞüPRĪQDQDZHW]DZDQVHPQDZ\ĪV]HVWDQRZLVNRZSDUWLLF]\DGPLQLVWUD-
FML 5\]\NR MHVW GXĪH ER LVWQLHMH L WU]HFLD HZHQWXDOQRĞü ĪH ]RVWDMH VLĊ XZLĊ]LRQ\P
SRGF]DVJG\SURSRQRZDQHSU]H]WHOHIRQP\ĞOLUR]ZLą]DQLDLLQWHUSUHWDFMHZSURZDG]D
ZĪ\FLHyZRSOXW\SUHPLHUF]\VHNUHWDU]G\VNRQWXMąFFDáąFKZDáĊ]DLFKJHQLDOQRĞüGOD
VLHELH²LWRZáDĞQLH]GDU]DVLĊQDMF]ĊĞFLHM
3RZV]HGQLRĞüSRGVáXFKXWHOHIRQLF]QHJRVSUDZLDĪHMHĞOLZF]DVLHUR]PRZ\QDVWĊ-
SXMąW]Z]DNáyFHQLDWHFKQLF]QHLSU]HU\ZDQLDUR]PDZLDMąF\Z\PLHQLDMąWDNLHXZDJL
RSRGVáXFKXMąF\PIXQNFMRQDULXV]XMDNÄ-HV]F]HVLĊGREU]HQLH]DLQVWDORZDáQLHPR-
ĪHP\PyZLü«´DOERDSRVWURI\ZSURVWGRSRGVáXFKXMąFHJRÄ3DQLHNRFKDQ\ZáąF]SDQ
MXĪWHQVZyMSRGVáXFKLGDMOXG]LRPVSRNRMQLHSRUR]PDZLDü«´7HQVWRVXQHNZ\QLND
]DUyZQR]SUDZLGáRZHJRUR]H]QDQLDU]HF]\ZLVWRĞFLMDNL]SHZQHMVNáRQQRĞFLGRDQWUR-
SRPRUIL]DFMLNDĪGHJR]MDZLVNDZNRPXQL]PLH1DRJyáSUDZLGáRZ\SRGVáXFKSRZLQLHQ
E\ü ]DXWRPDW\]RZDQ\ 7DP MHGQDN JG]LH F]áRZLHN L MHJR SUDFD WDĔV]H Vą RG QDZHW
QDMEDUG]LHMPDVRZRSURGXNRZDQHMWDĞP\PDJQHWRIRQRZHMUROĊWHJRXU]ąG]HQLDSU]HM-
PXMH Ī\ZD LVWRWD NWyUHM ]LPQR ]LPą JRUąFR ODWHP D F]DVHP VLĊ L RGELMH QD VNXWHN
QLHGRPRJyZ WUDZLHQLD =QDQH Vą WDP SU]HWR Z\SDGNL RVWHQWDF\MQ\FK ]LHZQLĊü JG\
UR]PRZDVLĊQLHSRWU]HEQLHSU]HGáXĪDOXEWáXPLRQHJRNDV]OXZVH]RQLHJU\S\LG]LHWR
QDZHW WDN GDOHNR ĪH SRGVáXFKLZDQL XG]LHODMą SRUDG OHNDUVNLFK SRGVáXFKXMąF\P SR-
ZRGRZDQL SURVWą OXG]Ną VROLGDUQRĞFLą 7\P VDP\P VRFMDOL]P NWyUHJR QDMV]F]\WQLHM
DTP by SHADE 27
JáRV]RQą LGHą MHVW PLĊG]\OXG]ND VROLGDUQRĞü RVLąJD Z SRGVáXFKX WHOHIRQLF]Q\P VZH
MHV]F]HMHGQRDSRJHXP
5RODWDNUR]SRZV]HFKQLRQHJRSRGVáXFKXWHOHIRQLF]QHJRZIRUPRZDQLXSV\FKLNLOXG]-
NLHMMHVWRJURPQDL]JRGQD]LPPDQHQWQ\PLSU]\ND]DQLDPLNRPXQL]PXMDNRZV]HFK-
REHMPXMąFHJRLVSRLVWHJRĞZLDWRSRJOąGX1DF]HOQąNLHUXQNRZąG]LVLHMV]HJRNRPXQL]PX
MHVW MXĪ QLH OLNZLGDFMD SU\ZDWQ\FK ĞURGNyZ SURGXNFML OHF] QLHVNRĔF]HQLH ZDĪQLHMV]D
ZDOND ] SU\ZDWQRĞFLą MDNR SRMĊFLHP $QLKLODFMD SUDZD GR SU\ZDWQRĞFL L RGG]LHOQRĞFL
MHVW QDVWĊSQ\P ORJLF]Q\P NURNLHP SR RJUDQLF]HQLX SUDZD GR ZáDVQRĞFL PDWHULDOQHM
8NRĔFDGURJLMHVWSR]EDZLHQLHOXG]LLFKZáDVQHJRĪ\FLDZLPLĊĪ\FLDZ\NRQF\SRZDQH-
JRWHRUHW\F]QLH8VXQLĊFLHHOHPHQWXLQW\PQRĞFL]UR]PRZ\WHOHIRQLF]QHMSURZDG]LGR
XZLąGXVHQVXLQW\PQRĞFLZOXG]NLHMĞZLDGRPRĞFL,WR]JDG]DVLĊ]LGHDáHPZáDGFyZ
ZNRPXQL]PLHGąĪąRQLGRWHJRZVSRVyEMDVQ\GODNDĪGHJREH]VWURQQHJRREVHUZD-
WRUD DF] ]DNDPXIORZDQ\ SLUDPLGD IUD]HVyZ ]ZDQ\FK QRZą PRUDOQRĞFLą 1DLZQRĞFLą
MHVWWHG\VąG]LüĪH]DVDGQLF]\PFHOHPSRGVáXFKXMHVW]ELHUDQLHLQIRUPDFML²F]\OLMHJR
IXQNFMDGRUDĨQDLEH]SRĞUHGQLRXW\OLWDUQD
&HOHP SRGVáXFKX MHVW UR]SU]HVWU]HQLHQLH SU]HĞZLDGF]HQLD ĪH F]áRZLHN QLH QDOHĪ\
GRVDPHJRVLHELH,PV]HU]HMLJáĊELHMSU]HĞZLDGF]HQLHWRSU]HQLNDZPDV\VSRáHF]HĔ-
VWZDW\PEOLĪHMMHVWNRPXQL]PVZHJRDEVROXWXF]\OLEH]Z]JOĊGQHJRU]ąGXQDGSV\FKL-
NRF]áRZLHNDU]ąGXGXV]
7\OHUHOLJLLILOR]RILLUXFKyZVSRáHF]Q\FKVWDUDáRVLĊMHGQDNZKLVWRULLEH]VNXWHF]QLH
RWRVDPRĪHSHUVSHNW\Z\NRPXQL]PXZOHMG]LHG]LQLHQLHVą]E\WUyĪRZH'RGDWNRZ\
SRFLHFKĊVWDQRZLSURGXNF\MQHQLHGRáĊVWZRNRPXQL]PXMHV]F]HG]LVLDMWHOHIRQMHVWWDP
SU]HGPLRWHP QLH]Z\NáHJR OXNVXVX &]DVDPL XSá\ZD NLOND ODW RG FKZLOL ]JáRV]HQLD GR
SU]HGVLĊELRUVWZDWHOHIRQLF]QHJRSURĞE\R]DáRĪHQLHWHOHIRQXDĪGRFKZLOL]MDZLHQLDVLĊ
ZPLHV]NDQLXF]DUQHJRSXGHáNDáąF]ąFHJRMDNRE\MHJRSRVLDGDF]D]UHV]W\ĞZLDWD7H-
OHIRQMHVW]QDNLHPXSU]\ZLOHMRZDQLDXVWRVXQNRZDQLDOXEQLHSU]HFLĊWQHM]DPRĪQRĞFL
6DPIDNWRILFMDOQHJRSU]\G]LDáXWHOHIRQXQLHSRSDUW\RGSRZLHGQLąLORĞFLąáDSyZHNGOD
LQVWDODWRUyZNWyU]\QLJG\QLHPDMąZ\VWDUF]DMąFHMLORĞFLGUXWXQLH]QDF]\ZLHOH'R-
SLHURXPLHMĊWQHSRVWĊSRZDQLHILQDQVRZH]OXGĨPLSUDF\IL]\F]QHMSR]ZDODVLĊZNRĔFX
FLHV]\ü ]GRE\F]DPL F\ZLOL]DFML 'OD ]DPRĪQ\FK SU]HGVWDZLFLHOL LQLFMDW\Z\ SU\ZDWQHM
PLHV]NDMąF\FK]GDODRGPLDVWNWyU]\VąZVWDQLHZ\UDĪDüVZąZG]LĊF]QRĞüSU]\SR-
PRF\JRWyZNL]QDMGXMąVLĊF]DVHPFDáHXU]ąG]HQLDZRMVNRZR±SRORZH-DNWRVLĊG]LH-
MHSR]RVWDQLHQD]DZV]HWDMHPQLFąOXGXSUDFXMąFHJRNWyU\SU]HFLHĪWHĪPXVLMDNRĞĪ\ü
ZNRPXQL]PLH
.
-DNSRVáXJLZDüVLĊSRF]Wą
.
*G\E\NWRĞQDSLVDáOLVWLSRVWDQRZLáSRZLHU]\üJRSRF]FLHQDRJyáZ\FKRG]L]GRPX
LXGDMHVLĊQDXOLFĊZSRV]XNLZDQLXVNU]\QNLSRF]WRZHM1LHFRLQDF]HMZNRPXQL]PLH
7DPF]áRZLHN]OLVWHPZUĊNXPLMDRERMĊWQLHSLHUZV]ąQDSRWNDQąVNU]\QNĊSRF]WRZą
SU]HFKRG]LEH]]DLQWHUHVRZDQLDRERNGUXJLHMWU]HFLHMLF]ZDUWHM&]HJRV]XND"6]XND
XU]ĊGXSRF]WRZHJR1LHNWyU]\ZV]DNQDW\NDMąVLĊZVZ\FKSRV]XNLZDQLDFKQDXU]ĊG\
SRF]WRZHDOHPLMDMąMHL]ZHVWFKQLHQLHPZĊGUXMąGDOHM'RNąGGąĪą"'ąĪąQDSRF]-
WĊJáyZQąFHQWUDOQ\XU]ąGSRF]WRZ\RĞURGHNLĨUyGáRSRF]WRZHMZáDG]\LPDV]\QHULL
ZGDQ\PPLHĞFLH7HQKLSQRW\F]Q\SĊGWáXPDF]\]DWHPWUXGQR]UR]XPLDá\GODFXG]R-
]LHPFyZIDNWĪHSRF]W\JáyZQHVąZHZV]\VWNLFKNRPXQLVW\F]Q\FKPLDVWDFK]DZV]H
QLHOXG]NR]DWáRF]RQHOXGĨPLXVWDZLRQ\PLZ]DZLOHSRVNUĊFDQHRJRQNLZNWyU\FKF]HND
VLĊJRG]LQDPLQDGRWDUFLHGRRNLHQNDGODHZHQWXDOQHJR]DáDWZLHQLDVZHMVSUDZ\
-HVWWRQLH]QDF]Q\GHWDOLVWQLHQLDR]QDF]QHMVLOHHNVSOLNDF\MQR±SR]QDZF]HM
2LOHZNUDMDFKGHPRNUDW\F]Q\FKGRQDMVWDUV]\FKWUDG\FMLVSRáHF]QHJRXW\VNLZDQLD
QDOHĪ\ZLHF]Q\ĪDOĪHSRF]WDQLHIXQNFMRQXMHQDOHĪ\FLHSU]HWU]\PXMHSU]HV\áNLLQLHGED
RLFKWHUPLQRZHGRUĊF]HQLHRW\OHNDĪG\PLHV]NDQLHFNRPXQL]PX]DNáDGDĪHSRF]WD
QLH IXQNFMRQXMH Z RJyOH W\ONR G]LDáD QD ]DVDG]LH MDNLFKĞ QLHZ\NU\W\FK NRQLHF]QRĞFL
DTP by SHADE 28
PDWHULDOL]XMąF\FKVLĊRGF]DVXGRF]DVXZVHULLLQGHWHUPLQLVW\F]Q\FKSU]\SDGNyZ=QD-
F]\WRĪHXU]ĊG\JPDFK\LVNU]\QNLSRF]WRZHRUDPXQGXU\OLVWRQRV]\VąV\PERODPL
F]HJRĞ FR PRĪH LVWQLHMH OHF] QLH MHVW VSUDZG]DOQH SU]\ SRPRF\ RJyOQRVSRáHF]Q\FK
NU\WHULyZ)DNWRWU]\PDQLDOLVWXSU]HV\áNLF]\JD]HW\SU]HSRF]WĊMHV]F]HQLF]HJRQLH
GRZRG]LDOERZLHPMDNRUHJXá\SU]\MPXMHVLĊĪHSRZLQQLĞP\E\OLRWU]\PDüGUXJLHW\OH
SU]HV\áHNOLVWyZLJD]HWFKRFLDĪQLJG\VLĊQLHGRZLHP\LOHSRZLQQRE\áRE\ü-HVWW\ONR
]QDNLHPĪHMDNLHĞQLHRNUHĞORQHVLá\QLHSRGOHJDMąFHNRQWUROLUR]XPXLGRĞZLDGF]HQLD
DNXUDW]RVWDZLá\GDQ\OLVWZF]\MHMĞVNU]\QFHFRZFDOHQLHR]QDF]DĪHRGSRZLHGĨQD
WHQĪHOLVWVSRWNDVLĊ]WDNLPVDP\PORVHPL]QDMG]LHVLĊZVNU]\QFHDGUHVDWD3ROLW\F]-
QDNRQLHF]QRĞü²ERMDNĪHG]LĞPRĪHE\üSDĔVWZREH]SRF]W\"²MHG\Q\UDFMRQDOQ\
HOHPHQW HZHQWXDOQHJR IXQNFMRQRZDQLD SROHJD QD WZDUG\P IDNFLH HJ]\VWHQFML SROLFML
SROLW\F]QHMNWyUD]DZV]HMHVWZVWDQLHZNURF]\üZSU]HVDGQH]DQLHGEDQLDLDUHV]WRZDü
LXZLĊ]Lü]QDF]QHLORĞFLSRF]WRZFyZQLHW\OHZLQQ\FKQLHGRSDWU]HĔLRSyĨQLHĔLOHQDM-
áDWZLHMV]\FKGRRVNDUĪHĔRQLHGRSDWU]HQLDLRSyĨQLHQLDLQDMOHSLHMZLGRF]Q\FKGODRF]X
VSRáHF]HĔVWZDMDNRW]ZNR]á\RILDUQH3RQLHZDĪ]DĞRĞURGNLG\VSR]\F\MQHLRUJDQL]P\
FHQWUDOQHVąQDMZLGRF]QLHMV]HLQDMOHSLHMQDGDMąVLĊGRNDUQ\FKRSHUDFMLSU]HWRG]LDáDO-
QRĞüLFKMHVWQLHFRVSUDZQLHMV]DRGUHV]W\LQVW\WXFML6WąGPąGURĞüĪ\FLDZNRPXQL]PLH
XF]\ĪHOLVWRLOHFKFHP\GDüPXZLĊNV]HV]DQVĊMDNROLVWRZLQDOHĪ\]DZV]HQDGDZDü
QDQDMJáyZQLHMV]HMSRF]FLH
6NU]\QND SRF]WRZD VWDQRZL ]DĞ QDMQLĪV]\ LQVWDQFMĊ SRF]W\ 2JyOQH UR]H]QDQLH
Z SDQRUDPLH NRPXQL]PX áDWZR XVWDOD ĪH QDMQLĪV]H LQVWDQFMH F]HJRNROZLHN QLH Ī\Mą
ZRJyOHDRLOHĪ\MąWRZVWDQLHNRPSOHWQHJROHWDUJXLQLHPRF\:ĞZLDGRPRĞFLPLHV]-
NDĔFDNRPXQL]PX]DNRU]HQLRQHMHVWJáĊERNRLUUDFMRQDOQHSU]HNRQDQLHĪHZU]XFRQHJR
GRVNU]\QNLOLVWXQLNWQLJG\VWDPWąGQLHZ\MPLH,UUDFMRQDOQHERNDĪG\ZLG]LFRG]LHQQLH
UR]OLF]Q\FKIXQNFMRQDULXV]\RSUyĪQLDMąF\FKXOLF]QHVNU]\QNLSRF]WRZH0LPRWRQLHZLH-
U]\DE\MHJROLVW]RVWDáZ\MĊW\LZáąF]RQ\ZQRUPDOQ\SU]HZLG]LDQ\UR]XPHPNUZLRELHJ
SRVWĊSRZDQLDSRF]WRZHJR:áDĞQLHGODWHJRĪHVNU]\QNDVWRLQDURJXZFHOXZU]XFDQLD
OLVWyZLSU]HND]\ZDQLDLFKGDOHMRUD]ĪH]GREQDMHVWZJRGáRSDĔVWZRZHLXU]ĊGRZRRIL-
FMDOQ\QDSLVNDĪG\ZLHDĪ]DGREU]HĪHFRĞMHVWWXQLHZSRU]ąGNX:\GDMHPXVLĊWR
QD]E\WSURVWH.DĪG\NURNGRVWDUF]DPXGRZRGyZQDWRĪHZV]\VWNRMHVWQLH]PLHUQLH
VNRPSOLNRZDQHSU]\F]\P]áRĪRQRĞüQLHJZDUDQWXMHĪDGQHMHIHNW\ZQRĞFLDOHPRW\ZX-
MHOHSLHMGODF]HJRQLF]HJRQLHPRĪQD]DáDWZLüRVLąJQąüGRNRQDüĩ\FLHSRXF]DJRQD
NDĪG\PNURNXĪHZáDG]DSDĔVWZRZDQLHFKFHPXQLF]HJRGDüDFKFHRGQLHJRZ]Ląü
ZV]\VWNRSRF]ąZV]\RGSRGDWNyZDVNRĔF]\ZV]\QDMHJRF]DVLHLV\PSDWLDFKGODF]H-
JRZLĊFPLDáDE\PXSU]HQLHĞüOLVWZSRĪąGDQHPLHMVFH"3RMĊFLHNRQWUDNWXVSRáHF]QHJR
QLHLVWQLHMH]DĞIXQGDPHQWDOQD]DVDGDZVSyáĪ\FLD]EOLĨQLPLZNRPXQL]PLHÄ7\PQLH
²MDWRELH´MHVWZW\PZ\SDGNXEH]VLOQDERMDNWXSU]HNXSLüFDáąSRF]WĊ".RPXGDü
áDSyZNĊDE\OLVWRVLąJQąáDGUHVDWD"
3RZV]HFKQ\ NU\]\V ]DXIDQLD GR ZV]\VWNLHJR GR SURGXNWX Z VNOHSLH NWyU\ MHĞOL
MHVW FKOHEHP ]DZLHUD ZLĊFHM V]WXF]Q\FK SU]\PLHV]HN QLĪ PąNL GR VáRZD Z JD]HFLH
NWyUH PyZL PX ĪH Ī\MH Z QDMV]F]ĊĞOLZV]\P ]H ZV]\VWNLFK VSRáHF]HĔVWZ VSUDZLD ĪH
F]áRZLHN PXVL SROHJDü Z\áąF]QLH QD ZáDVQ\FK VLáDFK ]DĞ SRF]XFLH SU]\QDOHĪQRĞFL GR
MDNLHJRNROZLHNIXQNFMRQXMąFHJRPHFKDQL]PXVSRáHF]QHJRXODWQLDVLĊEH]UHV]W\6NRUR
OLVW]HVNU]\QNLSRZLQLHQ]RVWDüSU]HWUDQVSRUWRZDQ\SU]H]SUDFRZQLNDSRF]W\GRXU]ĊGX
SRF]WRZHJRDVWDPWąGQDSRF]WĊJáyZQąGRFHQWUDOQHMVRUWRZQLDP\ZV]\VF\ZLHP\
ĪHWHQSUDFRZQLN]DUDELDW\OHĪHQLH]DOHĪ\PX]XSHáQLHQDMHJRSUDF\LQLHREDZLDVLĊ
MHMXWUDW\SU]HWRSU]\MąüWU]HEDĪHF]áRZLHNRZLWHPXZUyZQ\PVWRSQLXQLH]DOHĪ\QD
XUXFKRPLHQLXQDV]HJROLVWXRFRQDZHWWUXGQRGRĔPLHüSUHWHQVMĊ7\ONRMHJRGREUD
ZRODGREU\KXPRUNDSU\VF]\LQQDSU]\SDGNRZDRNROLF]QRĞüGHF\GXMHRW\PĪHQDV]
OLVWSyMG]LHZĞZLDW&]\ĪQLHOHSLHMSU]HWRZ\HOLPLQRZDüSU]\SDGNRZRĞü]ORVyZQD-
V]HJROLVWXLVDPHPXGRQLHĞüJRGRPRĪOLZLHQDMGDOV]HJRPLHMVFD]DQLPZ\PNQLHVLĊ
RQQDV]\PZSá\ZRP"7RVDPRUR]XPRZDQLHVNáDQLDQDSU]\NáDGGRQDGDZDQLDNDĪGHM
EáDKRVWNLQDZHWSR]GURZLHĔGODEUDWDMDNROLVWXSROHFRQHJR:3ROVFHSRF]WDPXVLDáD
DTP by SHADE 29
NLHG\ĞDSHORZDüGRSXEOLF]QRĞFLSU]\SRPRF\SUDV\DE\QLHQDGDZDáDW\OXOLVWyZSR-
OHFRQ\FKERGH]RUJDQL]XMHWRSUDFHĊSRF]W\MDNE\SRF]WDSROVNDPRJáDMHV]F]HXOHF
GH]RUJDQL]DFML2F]\ZLĞFLHVDP"IDNWXĪ\FLDSUDV\MDNRSRĞUHGQLNDVSUDZLáĪHZV]\VF\
]DF]ĊOL QDGDZDü OLVW\ SROHFRQH ]H ]GZRMRQD HQHUJLD UR]HV]áD VLĊ ERZLHP SORWND ĪH
]Z\NáHOLVW\VąRGUD]XZ\U]XFDQHQDĞPLHWQLN
2LOHSRF]WDZNRPXQL]PLHMHVWV\PEROHPQLHPRF\VSRáHF]QHMRW\OHOLVWMHVWV\P-
EROHP QLHPRW\ MHGQRVWNL -HVW U]HF]ą SRZV]HFKQLH ZLDGRPL` ĪH WDMHPQLFD NRUHVSRQ-
GHQFMLQLHLVWQLHMH²FR]UHV]WąQLHZ]EXG]DV]F]HJyOQHJR]G]LZLHQLDZĞUyGOXG]LGOD
NWyU\FKSRMĊFLHSU\ZDWQRĞFLXOHJDVWRSQLRZHMDWURILL.RQVHNZHQFMąWHJRMHVWRNROLF]-
QRĞü ĪH OXG]LH XF]ą VLĊ SLVDü SR UD] GUXJL Z Ī\FLX UD] XF]\OL VLĊ Z V]NROH SRGVWDZ
RZHM GUXJL Z ZLHNX GRMU]Dá\P JG\ PXV]ą LQVW\QNWRZQLH FKURQLü VLĊ ]D GZX]QDF]-
QRĞü1DWRPLDVWIDNWĪHZV]\VWNLHOLVW\SU]\FKRG]ąFH]]DJUDQLF\VąEUXWDOQLHUR]FLĊ-
WH SR F]\P ]DNOHMDQH VFRWFK±W\SH¶P L RSDWU]RQH QLHFKOXMQą SLHF]ąWNą Ä8V]NRG]RQ\
ZGURG]H´EXG]LXF]XFLD]DZVW\G]HQLD,QW\PQRĞüL SU\ZDWQRĞüQDOHĪąGRQDMRVWU]HM
]ZDOF]DQ\FKHOHPHQWyZF\ZLOL]DFMLZNRPXQL]PLHLVWQLHMHERJDWDHJ]HJH]DLMHV]F]H
ERJDWV]\ V\VWHP UDFMRQDOL]DFML XGRZDGQLDMąF\ LFK DQW\VRFMDOLVW\F]Qą L DQW\VSRáHF]Qą
WUHĞü :V]\VWNLH P\ĞOL RGUXFK\ XF]XFLD D W\P EDUG]LHM UR]PRZ\ L NRUHVSRQGHQFMD
ZLQQ\ WHRUHW\F]QLH QDOHĪHü GR SDĔVWZD L GR NROHNW\ZX LFK MDZQRĞü MHVW ]QDPLHQLHP
ORMDOQRĞFLLFKV]F]HURĞüMHVWV\QRQLPHPPLáRĞFLGRSDUWLLXVWURMXRMF]\]Q\7DPJG]LH
QDMJáĊELHMSRMĊW\LQWHUHVNDĪGHJRF]áRZLHNDPDE\üUyZQR]QDF]Q\]LQWHUHVHP]ELRUR-
ZRĞFLQLHPDPLHMVFDQD]DKDPRZDQLDZVW\GOLZRĞüWDNWLWRF]HJRVLĊQLHPyZLER
SRZLHG]LHüQLHZ\SDGD%H]FHUHPRQLDOQHUR]HUZDQLHF]\MHJRĞOLVWXMHVWEROHVQHZáDĞQLH
SU]H] RZą EH]FHUHPRQLDOQRĞü 3UDZG]LZD V]WXND JZDáWX REFD MHVW NRPXQL]PRZL QLH
GRV]HGá RQ MHV]F]H GR ZQLRVNX ĪH GUREQH XSU]HMPRĞFL L G\VNUHFMD RGELHUDMą F]DVHP
JZDáWRZLFKDUDNWHUJZDáWXLOHĪNRELHWZG]LHMDFKOXG]NRĞFLRGF]XZDáRQLHSHZQRĞüF]\
DE\VąJZDáFRQHJG\JZDáFąF\]DSHZQLDáNXUWXD]\MQLHĪHMHVWWRW\ONREXU]D]P\VáyZ
.WRZLHF]\RSDQRZDZV]\WĊILQH]MĊNRPXQL]PQLHXPRFQLáE\VZHMZáDG]\QDW\OHDE\
SRF]XüVLĊVLOQ\PEH]VWRVRZDQLDJZDáWX
=UHV]WąPRĪQDQDWRVSRMU]HüMHV]F]HLQDF]HMLSHZLHQF]HVNLUHĪ\VHUILOPRZ\U]HNá
UD] Ä: JUXQFLH U]HF]\ PDP\ QDMEDUG]LHM OXG]Ną SRF]WĊ ĞZLDWD RVWDWHF]QLH NDĪG\
QDZHWQDMEDUG]LHMVDPRWQ\F]áRZLHNPRĪHE\üSHZQ\ĪHZNRĔFXNWRĞF]\WDMHJROLVW\
«´
.
-DNE\üNRELHWą
.
8ZDĪDMąFVLĊ]DĞZLDWRSRJOąGRG]ZLHUFLHGODMąF\GXFKDZVSyáF]HVQRĞFLVRFMDOL]P
]UyZQDáNRELHWĊZSUDZDFKLRERZLą]NDFK]PĊĪF]\]Qą-DNXWU]\PXMHMHJRZ\]QDZF\
²SRUD]SLHUZV]\ZG]LHMDFKGDáNRELHFLHSHáQHUyZQRXSUDZQLHQLH-HVWWRWZLHUG]HQLH
VáXV]QHLQLFQLHPRĪHJRSRGZDĪ\ü
.áRSRW\SRMDZLDMąVLĊZUD]]EH]NRPSURPLVRZ\PQDFLVNLHPQDSU]\PLRWQLNSHáQH
:LHN;;MHJRPRUDOQR±XF]XFLRZHSU]HPLHV]F]HQLDQRZDPR]DLNDPĊVNR±NRELH-
F\FKZVSyá]DOHĪQRĞFLLRJyOQDWHQGHQFMDGRSU]HZDUWRĞFLRZDQLDZV]HONLFKZDUWRĞFLSR-
VWDZLáSU]HGOXG]NRĞFLą]DJDGQLHQLHUyZQRXSUDZQLHQLDZVSRVyEUDG\NDOQ\EH]ĪDGQ\FK
]DKDPRZDĔLRVáRQHN1LHXOHJDáRZąWSOLZRĞFLĪHZVNDOLSUREOHPDW\NLZVSyáF]HVQRĞFL
SR]\FMDLURODNRELHW\G]LHZLĊWQDVWRZLHF]QHMVąQLHGRXWU]\PDQLD2JUDQLF]HQLDVSR-
áHF]QHRE\F]DMRZHLHNRQRPLF]QHMDNLPL]DNUHĞORQDE\áDV\WXDFMDNRELHW\SU]H]ZLHNL
XSDGá\SRSLHUZV]HMZRMQLHĞZLDWRZHM2GWHJRF]DVXWDNVWDWXVMDNLQDWXUDĪ\FLDNR-
ELHW\XOHJá\MHV]F]HJáĊEV]\PSU]HPLDQRP3RGUXJLHMZRMQLHQDVWĊSXMHLQZD]MDNRELHW
ZHZV]\VWNLHG]LHG]LQ\JRVSRGDUNLLĪ\FLDVSRáHF]QHJR=DVDGQLF]HLFK\EDQLHRGZUD-
FDOQH ]PLDQ\ Z SV\FKLFH ]ELRURZRĞFL NV]WDáWRZDQHM SU]H] PDVV±PHGLD ]PLHQLDMąFH
VLĊZ\PLDU\Ī\FLDOXG]NLHJRHNVSOR]MDGHPRJUDILF]QDLMHMNRQVHNZHQFMHZVWRVXQNDFK
LQG\ZLGXDOQ\FKSU]HVXZDQLHVLĊJUDQLFPáRGRĞFLLVWDURĞFLZ\]QDF]DMąFHQRZHJUDQLFH
SDUW\F\SDFMLZĪ\FLXUHZROXFMDRE\F]DMRZR±VHNVXDOQDWHFKQRORJLDQDXVáXJDFKFLDáD
DTP by SHADE 30
OXG]NLHJR²WRZV]\VWNRSRZRGXMHHUR]MĊGRW\FKF]DVRZ\FKLGHDáyZZ\REUDĪHĔSRMĊü
LQRUP,QVW\WXFMDPDáĪHĔVWZDFHOĪ\FLDNRELHW\ZFLąJXRVWDWQLFKODWF\ZLOL-
]DFMLSRGGDQD]RVWDMH]XSHáQLHQRZ\PXZDUXQNRZDQLRPLSU]HREUDĪHQLRPLSUDZGR-
SRGREQLH QLJG\ MXĪ QLH RG]\VND GDZQHJR VHQVX L FKDUDNWHUX : ĞZLHWOH W\FK GDQ\FK
]UyZQDQLHZSUDZDFK]PĊĪF]\]QąZ\GDMHVLĊSRĪąGDQąLQLHRGSDUWąNRQLHF]QRĞFLą
$OH F]\ SHáQH" (J]HNZRZDQH ] ĪHOD]Qą NRQVHNZHQFMą DĪ GR MHJR RVWDWHF]Q\FK
VNXWNyZ"
: NUDMDFK JG]LH OHZLFD VSRáHF]QD QLH RVLąJQĊáD ZáDG]\ WRWDOLWDUQHM Z GURG]H UH-
ZROXFML OHF] RGG]LDá\ZD QD RSLQLĊ SXEOLF]Qą EąGĨ VSUDZRZDáD U]ąG\ Z UDPDFK V\V-
WHPXSDUODPHQWDUQHJRMHMZSá\ZQDORV\NRELHW\E\áSR]\W\ZQ\1D]\ZDáVLĊRJyOQLH
ELRUąF SRVWĊSRZRĞFLą OXE ZDONą ] SU]HVąGHP L XSU]HG]HQLHP :\VWĊSRZDá QLHXJLĊ-
FLHSU]HFLZKDĔELHSURVW\WXFMLUyĪQ\PSRĞUHGQLPKDĔERPSRGSRVWDFLąW]ZPDáĪHĔ-
VWZD]UR]VąGNX]ZDQ\PSU]H]FR]DSDOF]\ZV]\FKNU\W\NyZMDN*%6KDZÄOHJDO-
Q\PKDQGOHPOXG]NLPFLDáHP´=ZDOF]Dá]DNáDPDQLHSUXGHULĊLELJRWHULĊZRE\F]DMDFK
VHNVXDOQ\FK EUDá VWURQĊ NRELHW VNU]\ZG]RQ\FK SU]H] UyĪQH QLHRVWURĪQRĞFL L SXáDSNL
Ī\FLD QLV]F]\á DEHUUDFMH WRZDU]\VNLHJR NRQZHQDQVX SU]\F]\QĊ LQG\ZLGXDOQ\FK QLH-
V]F]ĊĞüLGUDPDWyZ(NVWUHPLVW\F]QHWHRULHÄZROQHMPLáRĞFL´OXENROHNW\ZQHMÄZVSyO-
QRW\NRELHW´ZNRPXQLVW\F]Q\PVSRáHF]HĔVWZLHSU]\V]áRĞFLPLDá\VZRLFK]ZROHQQLNyZ
L ]ZROHQQLF]NL  QLHNRMDU]\á\VLĊMHGQDNQDyZF]DV]E\WZ\UDĨQLH] JURĨEDPL]DZDU-
W\PLZSHáQ\PUyZQRXSUDZQLHQLX=UHV]WąSLHUZV]\RNUHVSRUHZROXFMLZ5RVMLQDZLą-
]DáRE\F]DMRZRGRW\FKWHRULLÄZROQDPLáRĞü´VWDQRZLáDKDVáRFKZLOLG]LHZF]ĊNWyUH
Z]GUDJDáRVLĊREGDU]DüVZ\PLZG]LĊNDPLZLĊFHMQLĪMHGQHJRUHZROXFMRQLVWĊU\]\NRZDáR
RVNDUĪHQLHRNRQWUUHZROXFMĊ1LHWUZDáRWRMHGQDNGáXJR]DUyZQRLQVW\QNWVDPR]DFKR-
ZDZF]\VSRáHF]HĔVWZDMDNLRGJyUQHQDND]\ZáDG]\NWyUDGRĞüZF]HĞQLHGRVWU]HJáD
ZRZ\FKSUDNW\NDFKDQDUFKLF]QR±UR]NáDGRZHHOHPHQW\SU]\ZUyFLá\DXWRU\WHWEDUG]LHM
WUDG\F\MQ\P ZDUWRĞFLRP %\áD WR MDNE\ SLHUZV]D L RVWDWHF]QD NLHVND LGHRZD URPDQ-
W\F]QHJRNRPXQL]PXURG]LQDLQVW\WXFMDRVNDUĪDQDRUHDNF\MQRĞüLRVWURNU\W\NRZDQD
SU]H]HNVWUHPLVW\F]Q\FKWHRUHW\NyZPDUNVL]PX]DNRQVHUZDFMĊLQVW\QNWXSRVLDGDQLD
Z VZRMHM QDMWUXGQLHMV]HM GR ]ZDOF]DQLD IRUPLH XRVDELDMąFD QDMEDUG]LHM ]DFKRZDZF]\
Z]yUVWRVXQNyZPLĊG]\OXG]NLFKRND]DáDVLĊNRPyUNąVSRáHF]QąQLHRG]RZQąGREXGR-
Z\QRZHJRQDMEDUG]LHMSRVWĊSRZHJRVSRáHF]HĔVWZD8VLáRZDQRZSUDZG]LHSU]HFLZVWD-
ZLüURG]LQĊEXUĪXD]\MQąURG]LQLHSUROHWDULDFNLHM7ZLHUG]RQRĪHSLHUZV]DMHVWPLNUR-
NRVPRVHPVZHJRUHDNF\MQHJRVSRáHF]HĔVWZDUR]G]LHUDMDNRQIOLNWLQWHUHVyZWRF]\Mą
]JQLOL]QD]DNáDPDQLHZ]DMHPQDQLHQDZLĞüXNU\WDZREáXGQ\FKNRQZHQFMDFKSRGF]DV
JG\ GUXJD VWDQRZL Z]yU LG\OOLF]QHM SURVWRW\ V]ODFKHWQ\FK XF]Xü L FLFKHJR V]F]ĊĞFLD
%UDNE\áRMHGQDNMDNLFKNROZLHNGRZRGyZGODSRSDUFLDWHMWH]\DQLHNRĔF]ąFHVLĊIDNW\
Z\PRUGRZ\ZDQLDVZ\FKURG]LQVLHNLHUąSU]H]SLMDQ\FK]HV]F]ĊĞFLDSUROHWDULXV]\MXĪ
QLHXZDUXQNRZDQ\FK]ZLHU]ĊFRĞFLąĪ\FLDZNDSLWDOL]PLHZ\GDZDá\VLĊQLHSRWZLHUG]Dü
WHRULL8WDUáRVLĊZNRĔFXZSUDVLHOLWHUDWXU]HLZĪ\FLXFRG]LHQQ\PĪHNDĪGDQLHGREUD
LQLH]JRGQDURG]LQDQRVLQDVRELHSLĊWQRUHDNF\MQRĞFLSRGF]DVJG\MHMSU]HFLZVWDZLHQLH
PDV]DQVĊQDPHGDOHSU]H]QDF]RQHGOD%RKDWHUyZ5HZROXFMLFRZMDNLĞVSRVyESUDZL-
GáRZRKRQRUXMHLVWRWQHWUXG\LSXáDSNLPDáĪHĔVWZDMHGQDNLHZHZV]\VWNLFKXVWURMDFK
JG]LHOXG]LHFKRG]ąQDGZyFKQRJDFKLEXG]ąVLĊFRUDQR]WąVDPąRVREąZáyĪNX
6SyURSROLW\F]QR±LGHRZąNZDOLILNDFMĊPDáĪHĔVWZDFKRüVDPZVRELHE\áNRQFHVMą
QDU]HF]SRMĊüRGU]XFRQ\FKQLHDQXORZDáSHáQHJR]UyZQDQLDNRELHW\]PĊĪF]\]Qą3U]H-
VDGQ\HJDOLWDU\]P]DZV]HSURZDG]LGRQLHSU]HZLG]LDQ\FKW\UDQLLZG]LHG]LQLHRNWyUHM
PRZDZLyGáNXMHV]F]HEDUG]LHM]DJDGNRZ\PNOĊVNRP5yĪQLFDSRPLĊG]\PĊĪF]\]Qą
DNRELHWąMHVW]QDWXU\U]HF]\]QDF]QDDQDZHWXFKZ\WQDJRá\PRNLHPGODQLHXSU]H-
G]RQ\FK-HVW]DWHPZLĊFHMQLĪZąWSOLZHF]\XGDVLĊMąSRNRQDüNLHG\NROZLHNZSHáQL
.RPXQL]P UR]ZLą]Dá WHQ G\OHPDW Z VSRVyE SURVW\ SHáQH UyZQRXSUDZQLHQLH VSURZD-
G]DáRVLĊGRREGDURZDQLDNRELHW\PRĪOLZRĞFLąSRGMĊFLDNDĪGHMFKRüE\IL]\F]QLHQDMEDU-
G]LHMZ\F]HUSXMąFHMSUDF\3U]\]QDüWU]HEDĪHZG]LVLHMV]\FKVSRáHF]HĔVWZDFKVRFMDOL-
VW\F]Q\FKZLG]LVLĊZLĊFHMNRELHWQDHNVSRQRZDQ\FKLRGSRZLHG]LDOQ\FKVWDQRZLVNDFK
DTP by SHADE 31
ZSROLW\FHDGPLQLVWUDFMLLJRVSRGDUFH=DUD]HPMHGQDNSRMDZLáVLĊQDXOLFDFKNRPXQL-
VW\F]Q\FKPLDVWG]LZQ\VWZyURNWyU\PPyZLVLĊĪHMHVWNRELHWąSUDFXMąFą:LGDüMą
QDGĨZLJDFKLWUDQVSRUWHUDFKSU]\QDMFLĊĪV]\FKSUDFDFKEXGRZODQ\FKLZNROHMQLFWZLH
SU]\URERWDFKGURJRZ\FKZNRSDOQLDFK0LHV]NDRQDSU]HZDĪQLHZVSHFMDOQ\FKEXG\Q-
NDFKSU]\SRPLQDMąF\FKNRV]DU\DOHQD]\ZDMąF\FKVLĊKRWHODPLURERWQLF]\PLNWyU\FK
PQyVWZRMHVWZHZV]\VWNLFKPLDVWDFKSRWU]HEXMąF\FKGRSá\ZXVLáURERF]\FK=DWUDFD
RQDSRZROLIL]\F]QHFHFK\NRELHFRĞFLOHF]E\QDMPQLHMQLHQDWHMVDPHM]DVDG]LHRMD-
NLHM UR]SUDZLD VLĊ QD =DFKRG]LH ZĞUyG SURMHNWDQWyZ PRG\ JáRV]ąF\FK ]DFLHUDQLH VLĊ
UyĪQLFPLĊG]\SáFLDPLZVWURMXLRE\F]DMXVHNVXDOQ\P7UDFąFFHFK\NRELHFHWUąGRQD
UyZQLHĪZMDNLĞVSRVyEFHFK\OXG]NLHLVWDMHVLĊLVWRWąIL]\F]QąNWyUHMSU]H]QDF]HQLHP
MHVWZ\NRQDQLHRNUHĞORQHMLORĞFLSUDF\ZRNUHĞORQ\PF]DVLH-HMNRELHFRĞüQLHNRMDU]\
VLĊ]ĪDGQ\P²DQLKRPRDQLKHWHURVHNVXDOQ\PSRSĊGHP
&RVNáDQLDNRELHWĊGR]DDNFHSWRZDQLDWHJRSURFHVXGHJUDGDFML":SLHUZV]\PU]Ċ-
G]LHQĊG]D:NRPXQL]PLHQLHLVWQLHMHV\VWHP]DVLáNyZVSRáHF]Q\FKGODXERJLFK]DĞ
GRFKyGRJURPQHJRVHJPHQWXVSRáHF]HĔVWZD]DZV]HNZDOLILNXMHVLĊJUXERSRQLĪHMQDM-
VNURPQLHMV]\FKNRV]WyZXWU]\PDQLD&LĊĪNDSUDFDIL]\F]QDMHVWQDWRPLDVWGREU]HSáDW-
QDRLOHVLĊMąGRVWDQLH:NDĪG\PVSRáHF]HĔVWZLHLVWQLHMHGXĪDLORĞüNRELHWVNU]\Z-
G]RQ\FKSU]H]Ī\FLHRGWUąFRQ\FKQLHFKFLDQ\FKSU]H]QLNRJR]QLHĞOXEQ\PG]LHFNLHP
L W\P ZáDĞQLH NRELHWRP NRPXQL]P SURSRQXMH NRQNUHWQH Z\MĞFLH =DFKZLDQLH SURSRU-
FMLFHOyZSRGFLĞQLHQLHPSURSDJDQG\QDVWĊSXMHáDWZRVLOQDIL]\F]QLHNRELHWDLG]LHGR
FLĊĪNLHM SUDF\ ]DUDELD QLHĨOH L ² MHĞOL ZLHU]\ü OLWHUDWXU]H UHDOL]PX VRFMDOLVW\F]QHJR
²]GRE\ZDQRZąJRGQRĞüLQRZHQLH]QDQHMHMGRWąGV]F]ĊĞFLH7\ONRĪHSRSHZQ\P
F]DVLHSU]HVWDMHE\üNRELHWąWDNIL]\F]QLHMDNLSV\FKLF]QLHDOHZáDĞQLHW\PDVSHNWHP
]DJDGQLHQLDDQLOLWHUDWXUDDQLVRFMRORJLDDQLSV\FKRORJLDVLĊMXĪQLH]DMPXMH3UDVDNR-
PXQLVW\F]QDyZQLH]PRUGRZDQ\LRJáXSLDá\RGQDGPLHUQHJRZ\VLáNXDSRORJHWDNRPX-
QLVW\F]QHJRZ]RUFDĪ\FLDXZDĪDWHQQRZ\VWDQSV\FKRIL]MRORJLF]Q\NRELHW\]DQLH]Z\-
NáHLFKZDOHEQHRVLąJQLĊFLH-HMXOXELRQ\PV]HURNRUHNODPRZDQ\PLIRWRJUDIRZDQ\P
WHPDWHPMHVW IDNWVSUDZRZDQLD SU]H] NLOND NRELHW IXQNFML NDSLWDQyZ ZLHONLHM ĪHJOXJL
F]\OL GRZyGFyZ VWDWNyZ KDQGORZ\FK QD SHáQ\P PRU]X -DN ZLDGRPR Ī\FLH PDU\QD-
U]\SR]EDZLRQ\FKSU]H]GáXJLHW\JRGQLHWRZDU]\VWZDNRELHWQRVL]XSHáQLHVSHFMDOQ\
GRJáĊEQLH RPyZLRQ\Z SLĞPLHQQLFWZLH FKDUDNWHU6WąGV\WXDFMDVDPRWQHMOHF] REGD-
U]RQHMZáDG]ąNRELHW\ZW\FKZDUXQNDFKRG]QDF]DVLĊSHZQąVSHF\ILNąNWyUąWUXGQR
MHVWUR]ZDĪDüZNDWHJRULDFKQDXNRZHJRFKáRGXLEH]VWURQQRĞFL/RJLF]QLHU]HF]ELRUąF
NRELHWDNWyUDFKFHVSHáQLDüWHQ]DZyGSRZLQQD]DOLF]\üGRVZ\FKQDMZ\ĪV]\FKNZD-
OLILNDFML RGS\FKDMąFą EU]\GRWĊ F]\OL E\ü DQW\NRELHWą 7\ONR WDND SRVWDZD JZDUDQWXMH
MDNąĞXF]FLZRĞü]DPLDUyZLHZHQWXDOQLHSRWZLHUG]DMHGQR]QDF]QRĞüLQWHQFMLSU]\Z\-
ERU]H]DZRGXNDĪGHLQQHQDVWDZLHQLHR]QDF]DüPRĪHW\ONRQLHKXPDQLVW\F]QH]áRĞOL-
ZRĞFLLKLSRNU\]MHDOER]Z\NáąJáXSRWĊ3RVWDZLHQLH]DĞSU]HGNRELHWąZáDVQHMEU]\GRW\
MDNRRVWDWHF]QHJRFHOXZĪ\FLXEXG]LSRGHMU]HQLDĪHFRĞMHVWWXQLHZSRU]ąGNX]IXQ-
GDPHQWDOQ\PL SUDZDPL QDWXU\ 7U]HED WR MHGQDN SRZLHG]LHü VWDQRZF]R ĪH RJURPQD
ZLĊNV]RĞüNRELHWEURQLZNRPXQL]PLHGHVSHUDFNRVZHMNRELHFRĞFL%\OLE\ĞP\UyZQLHĪ
QLHVSUDZLHGOLZLWZLHUG]ąFĪHZVZ\P]DáRĪHQLXLSUDNW\FHVRFMDOL]PGąĪ\ĞZLDGRPLH
GR SURGXNFML DQW\NRELHW\ 3U]\Mąü UDF]HM WU]HED ĪH XVLáXMąF ]DSU]HF]\ü GRĞZLDGF]H-
QLRPW\VLąFOHFLZVSRVyEQLHSU]HP\ĞODQ\SRSDGDRQZĪHQXMąFHSá\FL]Q\&HFKXMHJR
Z W\P Z]JOĊG]LH EUDN WHRUHW\F]QHJR UR]SR]QDQLD RUD] VXPDU\F]QD L SRZLHU]FKRZQD
SRELHĪQRĞüZWUDNWRZDQLXWHJRµFR]HVZHMLVWRW\MHVWWDNVNRPSOLNRZDQHL]áRĪRQHĪH
ĪDGQDUHOLJLDF]\ILOR]RILDZKLVWRULLOXG]NRĞFLQLHSRWUDILáDVRELH]W\PGDüUDG\3HáQH
UyZQRXSUDZQLHQLHMHVWZJUXQFLHU]HF]\ZXOJDUQ\PEDQDáHPWDQGHWQ\PRNOHSDQ\P
IUD]HVHPNWyU\QLFQLH]QDF]\QLF]HJRQLHUR]ZLą]XMHDQLQLH]DáDWZLD0LPRZV]HONLFK
]PLDQLLQQRZDFMLZF\ZLOL]DFMLLNXOWXU]HSRGQDZHWQDMJUXEV]ąSRZáRNDSU]HREUDĪHĔ
L RE\F]DMRZR±VSRáHF]Q\FK VRSKLVWLFDWLRQV FLąJOH MHV]F]H QDWUDILDP\ QD QLH]PLHQQ\
UXG\PHQWDUQ\Z]yUWHOHRORJLF]Q\PĊĪF]\]QDFKFHZLHOXU]HF]\ZĪ\FLXNRELHWDFKFH
W\ONR MHGQHM ² PĊĪF]\]Q\ MDNR WRZDU]\V]D Ī\FLD 0LPR SRFKRSQ\FK SU]\U]HF]HĔ VR-
DTP by SHADE 32
FMDOL]PQLHZLHOH]PLHQLáZW\PXNáDG]LHDF]NROZLHNRJUDQLF]DMąFSRWHQFMDáPRĪOLZRĞFL
OXG]NLFK Z RJyOH WUDILá W\P GRWNOLZLHM Z PĊĪF]\]QĊ QLĪ Z NRELHWĊ 0LPR ĪH HSRNĊ
QDV]ąĞPLDáRQD]ZDüPRĪQDHSRNRDQW\PDáĪHĔVNąPDáĪHĔVWZRZ\GDMHVLĊFLąJOHQDM-
EDUG]LHMSRĪąGDQąIRUPą]ZLą]NXPLĊG]\GZRMJLHPOXG]L]ZáDV]F]DPLĊG]\PĊĪF]\]Qą
DNRELHWą,NRELHWDZNRPXQL]PLHPLPRZV]HONLFKGUyJVWRMąF\FKSU]HGQLąRWZRUHP
QDMEDUG]LHMLQDMSRZV]HFKQLHMSUDJQLHPDáĪHĔVWZD
7XGRFKRG]LP\GRPRPHQWXVXEWHOQHJRQDRJyáU]DGNRLVNąSRRPDZLDQHJRZNR-
PXQLVW\F]QHMOLWHUDWXU]HLVRFMRORJLL0DáĪHĔVWZRZNRPXQL]PLHMHVWGODNRELHW\LPSUH]ą
EDUG]LHMXFLąĪOLZąQLĪZGHPRNUDFMDFK&KURQLF]Q\QLĪPDWHULDOQHMVIHU\E\WXVSUDZLD
ĪHRELHVWURQ\SUDFXMą]DURENRZRDOHNRELHWDPXVLMHV]F]HGEDüRGRPLG]LHFLĩ\FLH
NRELHW\ZWDNLFKZDUXQNDFKVWDMHVLĊNDWRUJąZF]HVQHJRZVWDZDQLDFDáRG]LHQQHMSUDF\
Z ELXU]H OXE Z IDEU\FH Z\VWDZDQLD Z RJRQNDFK´ SR SURGXNW\ Ī\ZQRĞFLRZH Z NDĪ-
GHMZROQHMFKZLOLVSU]ąWDQLDJG\MHVWVLĊQDMEDUG]LHM]PĊF]RQąSRSRZURFLH]SUDF\
SU]\JRWRZDQLDSRVLáNyZGODPĊĪDLG]LHFLZFKZLODFKSDUDOLĪXMąFHJRZ\F]HUSDQLD-DN
ZW\FKZDUXQNDFK]QDOHĨüF]DVQDLQQHIXQNFMHPDáĪHĔVNLHRUD]QDXWU]\P\ZDQLHVLĊ
ZRGSRZLHGQLHMGODQLFKIRUPLHSU]\SRPRF\IU\]MHUDF]\XELRUXWRSR]RVWDMHWDMHPQLFą
NRELHWZNRPXQL]PLH1DWRPLDVWGODQLNRJRQLHMHVWWDMHPQLFąLFKSU]HGZF]HVQH]PĊ-
F]HQLHVWDU]HQLHVLĊRERMĊWQRĞüQDZG]LĊNLĪ\FLDFKRURE\:V]\VF\WDPSU]\]QDMąĪH
ZSU]HFLZLHĔVWZLHGRPąGURĞFLZLHNyZQDMOHSV]\PJZDUDQWHPSRZRG]HQLDPDáĪHĔVWZD
MHVW ]GURZD L VLOQD WHĞFLRZD SUREOHP VSURZDG]D VLĊ MHG\QLH GR WHJR JG]LH WHĞFLRZą
WU]\PDüVNRURSU]HFLĊWQDURG]LQD]áRĪRQD]F]WHUHFKRVyEPLHV]ND]D]Z\F]DMZGZyFK
PDá\FKSRNyMDFK$SU]HFLHĪPLPRW\FKFLHQLLXGUĊNPDáĪHĔVNLFKLQVW\WXFMDWDQD-
EUDáDZNRPXQL]PLHMDNE\QRZHJREODVNXL]QDF]HQLD6WDáDVLĊURG]DMHPGXFKRZHJR
VFKURQXGODOXG]LRWRF]RQ\FK]HZV]ąGEH]Z]JOĊGQąVXURZRĞFLąRERMĊWQRĞFLąLRNUX-
FLHĔVWZHPL ZDUXQNyZVSRáHF]Q\FKL VWRVXQNyZ PLĊG]\OXG]NLFK :ĞZLHFLH WĊSLąF\P
ZV]HONąLQW\PQRĞüLSU\ZDWQRĞüJDUG]ąF\PF]áRZLHNLHPMDNRMHGQRVWNDSU\QF\SLDOQLH
]ZUyFRQ\P SU]HFLZ ZáDVQRĞFL F]\MHJRĞ Ī\FLD GLDOHNW\F]QLH L ELXURNUDW\F]QLH GXV]ą-
F\PLQG\ZLGXDOQHSUDZRGRZáDVQHJRORVXF]áRZLHNDPDáĪHĔVWZRSU]HGVWDZLDMHG\Qą
VSRáHF]QLH]DDNFHSWRZDQąRSFMĊQDU]HF]W\FKZDUWRĞFLMHG\QąV]DQVĊQDGR]ZRORQą
SU\ZDWQRĞüMHG\QąHZHQWXDOQRĞüEH]LQWHUHVRZQRĞFLPLĊG]\OXGĨPL7DNVDPRMHVWMH-
G\Q\PGRVWĊSQ\PDXWHQW\F]Q\POXNVXVHPZU]HF]\ZLVWRĞFLZNWyUHMZV]\VWNRMHVW
OLFKHPDUQHZ]á\PJDWXQNXSRF]ąZV]\RGZ]DMHPQ\FKORMDOQRĞFLDVNRĔF]\ZV]\QD
PDWHULDáDFK XEUDQLRZ\FK -DNRĞü PDáĪHĔVWZD FLąJOH SR]RVWDMH VSUDZą LQG\ZLGXDOQH-
JRV]F]ĊĞFLDLLQG\ZLGXDOQHJRZ\VLáNXMHVWRQRFK\EDRVWDWQLPUH]HUZDWHPOHSV]\FK
QLHFRG]LHQQ\FKXV]ODFKHWQLDMąF\FKXF]XüSRF]XFLDZ]QLRVáRĞFLLSRĞZLĊFHQLDGUĊF]ą-
FHMSRWU]HE\RGGDQLDLVROLGDUQRĞFL]NLPĞGUXJLP²W\FKZV]\VWNLFKRGUXFKyZGREUD
ZF]áRZLHNX]NWyU\FKWNDQNDĪ\FLRZDNRPXQL]PXMHVWGRV]F]ĊWQLHZ\SUDQDDOERZLHP
QLHPDGODQLFK]DVWRVRZDQLDZXVWURMXNWyU\]DVWU]HJDVRELHSUHURJDW\Z\XQLZHUVDOQHM
0DWNLLXQLZHUVDOQHMĩRQ\-HVWMHGQ\P]RVWDWQLFKRJQLZáąF]ąF\FK]HĞZLDWHPWUDG\FML
L LQQ\FK OHSV]\FK HJ]\VWHQFML SDPLĊWDQ\FK SRGĞZLDGRPLH L LQVW\QNWRZQLH SU]HFKR-
Z\ZDQ\FKZ]ELRURZHMSDPLĊFL$OHMHVWWHĪGUXJDVWURQDLPDáĪHĔVWZRZNRPXQL]PLH
SRGDWQLHMV]HMHVWF]ĊĞFLHMQLĪJG]LHLQG]LHMQDRGS\FKDMąFHZXOJDU\]DFMH6WDMHVLĊWHUH-
QHPQLH]QRĞQLHXSRNDU]DMąF\FKZUĊF]XSRGODMąF\FKGRĞZLDGF]HĔRMDNLFKQLHLVWQLHMH
Z\REUDĪHQLH Z LQQ\FK V\VWHPDFK VSRáHF]QHJR ZVSyáĪ\FLD : SDQRUDPLH VSRáHF]Q\FK
ZVSyá]DOHĪQRĞFL JG]LH MHGHQ SRNyM ] NXFKQLą VWDQRZL Ī\FLRZ\ GRUREHN L RVLąJQLĊFLH
UyZQHPLOLRQHUVNLPIRUWXQRPQLHXGDQHPDáĪHĔVWZRSU]HREUDĪDVLĊZVSHNWDNOSU]HUD-
ĪDMąF\VZąWU\ZLDOQRĞFLąEH]ZVW\GQąSáDVNRĞFLąLQLNF]HPQąPDáRVWNRZRĞFLą:DOND
R PLHV]NDQLH Z NRPXQL]PLH F]HND MHV]F]H QD VZRMHJR %DO]DFD MHM QLHNRĔF]ąFH VLĊ
NRQVHNZHQFMHGODMHGQHJROXG]NLHJRĪ\FLDDVRUW\PHQWSDVMLLQDPLĊWQRĞFL]QLHM]UR-
G]RQ\LMąGHWHUPLQXMąF\MHMPRUDOQHNRQVHNZHQFMHLZ\QLNDMąFH]QLHMXSDGNLPRJą
E\üXND]DQHĞZLDWXZFDáHMVZHM]áRĪRQRĞFLLJáĊELW\ONRSU]H]OLWHUDWXUĊ3RĞZLHFHQLH
SV\FKLF]QH WRUWXU\ REáĊG SURVW\WXFMD L ZV]HONLH RGFLHQLH KDĔE\ VWDQRZLą WZRU]\ZR
W\FKFRG]LHQQ\FKLQDMSRZV]HFKQLHMV]\FKWUDJHGLLDF]NROZLHNQLNRPXQLHSU]\FKRG]LGR
DTP by SHADE 33
JáRZ\RFHQLDüMHZNDWHJRULDFKWUDJHGLLSRGREPLHU]á\PFLĊĪDUHPFRG]LHQQRĞFL&]áR-
ZLHNZNRPXQL]PLHSRSDGDZFKRURE\XP\VáRZHSU]H]PLHV]NDQLHSRSHáQLDVDPREyM-
VWZDSU]H]PLHV]NDQLHMHVWZLĊFU]HF]ąRF]\ZLVWąĪHĪHQLVLĊGODPLHV]NDQLDLáDPLH
VRELHĪ\FLHSU]H]PLHV]NDQLH
-HVWZV]DNLPLHMVFHQDDXWHQW\F]QąWUDJHGLĊZP\ĞO]DVDGNODV\F]Q\FK1LHURG]L
MHMDQLQLV]F]ąFDSRWĊJDPLáRĞFLDQLZ\VWĊSQD]GUDGDDQLSLHNáR]D]GURĞFL²RGZLHF]QH
]DF]\Q\LWUHĞFLPDáĪHĔVNLFKWUDJHGLLNWyUHXORWQLá\VLĊMDNE\]E\WXOXG]LGZXG]LHVWR-
ZLHF]Q\FK-DNZV]ĊG]LHJG]LHLQG]LHMFXG]RáyVWZRZLDURáRPVWZRLGHSWDQLHXF]XüVą
ZNRPXQL]PLHMXĪW\ONRRND]MąGRSVHXGRILOR]RILF]Q\FKUR]ZDĪDĔQDGNLHOLV]NLHPDONR-
KROX1LNWG]LĞQLHVWU]HODDQLQLHGXVL]LFKSRZRGyZEH]EU]HĪQRĞüLFKXGUĊNGRW\F]\
MXĪ W\ONR WUXGQRĞFL UR]ZRGRZ\FK $OH L EH] QLFK MHVW GRĞü SRQXU\FK ZVWU]ąVDMąF\FK
WUDJHGLL NWyU\FK SRGáRĪHP MHVW VDPD QDWXUD NRPXQL]PX .RPXQL]P Z\]QDMH SUDZR
RGSRZLHG]LDOQRĞFL ]ELRURZHM WDN VDPR MDN KLWOHU\]P L F]áRZLHN MDVNLQLRZ\ *G\ NWRĞ
RVNDUĪRQ\MHVWRQLHVSU]\MDQLHNRPXQL]PRZLMHJRĪRQDMHVWDXWRPDW\F]QLHZLQQDWHJR
VDPHJRQDZHWMHĞOLSRĞZLĊFLáDVZHĪ\FLHSDUWLLLMHMLGHDáRP,OHĪUD]\ZFLąJXRVWDW-
QLFKODWNRFKDMąFHĪRQ\SRGSLV\ZDüPXVLDá\QDMIDáV]\ZV]HRVNDUĪHQLDSU]HFLZVZ\P
PĊĪRP Z\PXV]RQH V]DQWDĪHP EąGĨ IL]\F]Q\PL WRUWXUDPL DE\ RFDOLü FKRFLDĪ G]LHFL
SU]HGRER]HPNRQFHQWUDF\MQ\P]NWyUHJRQLHPDSRZURWX,OHĪUD]\QLHZLQQLHZLĊ]LRQ\
PąĪGRZLDG\ZDáVLĊRGVĊG]LHJRĞOHGF]HJRĪHĪRQDMHJRZ\VWąSLáDRUR]ZyG]HZ]JOĊ-
GyZSDWULRW\F]QR±LGHRZ\FKQLHFKFąFĪ\ü]IDV]\VWRZVNLP]GUDMFąOXGXSUDFXMąFHJR
%H]Z]JOĊGXQDWRF]\OLVWRWDNLHMWUHĞFLQDSLVDQ\UĊNąĪRQ\E\áZ\QLNLHPPLVW\ILNDFML
F]\IDNW\F]QHJRRGVWĊSVWZDMHJRHIHNWE\á]DZV]HGUX]JRF]ąF\LGDZDáSHáQH]Z\FLĊ-
VWZR SROLFML SROLW\F]QHM ² ]PDOWUHWRZDQ\ F]áRZLHN SU]\]QDZDá VLĊ GR QLHSRSHáQLRQHM
ZLQ\EąGĨ]DáDP\ZDáVLĊSV\FKLF]QLHLSRSDGDáZREáĊGĩRQD]DĞ]PXV]DQDGRVSDQLD
]H]ZLHU]FKQLNLHPZIDEU\FHF]\ZV]HFKSRWĊĪQ\PVHNUHWDU]HPSDUWLLGODRGNXSLHQLD
QDGXĪ\üNWyU\FKQDMF]ĊVWV]ąSU]\F]\QąE\ZD]Z\NáDQĊG]DF]\NRQLHF]QRĞüX]\VNDQLD
áyĪNDZV]SLWDOXGODFKRUHJRG]LHFNDVąWDNRF]\ZLVW\PVNáDGQLNLHPNRPXQLVW\F]QHJR
PHORGUDPDWXMDNE\á\QLPZQLHZROQLF]\PIHXGDOL]PLHL]ZLHU]ĊF\PNDSLWDOL]PLH
-HGQą ] FHQQ\FK WUHĞFL Ī\FLD NRELHW\ E\áR L MHVW VWZDU]DQLH VDPHM VLHELH SRSU]H]
VNRPSOLNRZDQąERJDWąZWUDG\FMĊRUJDQL]DFMĊZáDVQHJRZ\JOąGXZáDVQHM]HZQĊWU]-
QRĞFL8EyVWZRNRPXQLVW\F]QHMJRVSRGDUNLVSUDZLDĪHSUDNW\F]QLHELRUąFQLHPDZNR-
PXQL]PLH QLF]HJR F]HJR NRELHWD SRWU]HEXMH D WR FR MHVW ² MHVWZ WDN ]á\P JDWXQNX
LJXĞFLHĪHEXG]LW\ONRXF]XFLDEH]UDGQRĞFLRGUD]\IUXVWUDFML=E\WSURVWHE\áRE\MHG-
QDN ]ZDODü WHQ EUDN ZV]\VWNLHJR QD NOĊVNL JRVSRGDUNL : ODWDFK WU]\G]LHVW\FK 6WDOLQ
Z\SURZDG]LáNRQVHNZHQWQHZQLRVNL]HVZHMZV]HFKREHMPXMąFHM]DVDG\LQGXVWULDOL]DFML
]DZV]HONąFHQĊF]\OL]DFHQĊGRV]F]ĊWQHMUXLQ\Ī\FLDNLONXSRNROHĔZLPLĊ]EXGRZDQLD
FLĊĪNLHJRSU]HP\VáXVRFMDOLVW\F]QHJR,FKQDVWĊSVWZHPE\á\QRZHQRUP\Ī\FLDLRE\-
F]DMXNWyU\FK]DGDQLHPE\áR]OX]RZDüURPDQW\F]QąVSDUWDĔVNRĞüLRUWRGRNV\MQHZ\-
U]HF]HQLDSLHUZV]HJRRNUHVXSRVWUHZROXF\MQHJRQLHGDMąFVSRáHF]HĔVWZXQLFZ]DPLDQ
2Ey] ZRMHQQ\ L PLVW\ND HOHNWU\ILNDFML XVWąSLü PLDá\ VSRáHF]HĔVWZX XVWDELOL]RZDQHPX
ZLPLĊNDWHFKL]PXSUDF\LSRVáXV]HĔVWZD7UXGQRMHGQDNVWDELOL]RZDüĪ\FLHVSRáHF]QH
EH]HOHPHQWXNRQVXPSFMLZREHFWHJRWRFR6WDOLQZ\P\ĞOLáQD]ZDüPRĪQDEH]EáĊGX
QHRSXU\WDQL]PHP:V]HONDXURGDĪ\FLDVND]DQD]RVWDáDQDZ\JQDQLHGRPDJDQLHVLĊ
F]HJRNROZLHN RG Ī\FLD X]QDQH ]RVWDáR ]D ]EURGQLĊ LGHRORJLF]Qą UDGRĞü VHQVXDOL]P
QDMRVWURĪQLHMV]H SU]HVáDQNL KXPDQL]PX X]QDQH ]RVWDá\ ]D EXUĪXD]\MQą ]JQLOL]QĊ ]H-
SVXFLHLGHJHQHUDFMĊ6]PLQNDGRXVWLMHGZDEQHSRĔF]RFK\VWDá\VLĊQDU]ĊG]LHPV]D-
WDQDW\PUD]HPSRUWUHWRZDQHJRZSUDVLHMDNRREOHĞQ\NDSLWDOLVWDZHIUDNXLF\OLQGU]H
JUXE\ L VSURĞQ\ 3áHü VWDáD VLĊ Z\áąF]QLH HOHPHQWHP SU]\VSDU]DQLD G]LHFL LGHDOQHPX
VSRáHF]HĔVWZXSU]\V]áRĞFLXF]XFLDPLáRĞFL]DUH]HUZRZDQHE\á\SU]HGHZV]\VWNLPGOD
6WDOLQDLSDUWLLDW\ONRĞFLĞOHRNUHĞORQDLFKF]ąVWNDSU]\SDĞüPLDáDSUDZRPĊĪF]\ĨQLH
OXE G]LHFLRP .RELHWD R NWyUHM NUąĪ\á\ SORWNL ĪH SRSHáQLD FXG]RáyVWZR V]áD SRG VąG
NRPyUNLSDUW\MQHMNWyUHJRZ\URNLQLHUyĪQLá\VLĊQLF]\PRGSUDNW\N]QDQ\FKMDNRSR-
ORZDQLHQDF]DURZQLFH]WUDG\FML1RZHM$QJOLL']LHZF]\QDNWyUHMNWRNROZLHN]DU]XFLá
DTP by SHADE 34
UR]ZLą]áRĞüRE\F]DMyZZIDEU\FHWUDQVSRUWRZDQDE\áDQDUHV]WĊĪ\FLDGRRER]yZNRQ-
FHQWUDF\MQ\FKQD6\EHULL.RELHWDSLHOĊJQXMąFDVZąNRELHFRĞüDZLĊFSU]HGHZV]\VWNLP
Z\JOąGE\áDZURJLHPĞZLDWRSRJOąGRZ\P
=QDQHE\á\Z\SDGNLJG\SRGF]DVQLHZLQQ\FKĪDUWyZZJUXSLHOXG]LNRELHWDSRZLH-
G]LDáDĪHNRFKDMDNLHJRĞ,ZDQDF]\*ULV]ĊPRFQLHMQLĪFRNROZLHNQDĞZLHFLHE\ZDáD
ZNUyWFH DUHV]WRZDQD L VND]\ZDQD QD ODWD ZLĊ]LHQLD ER VáRZD MHM GRQLyVá SU]\JRGQ\
DJHQWSROLFMLSROLW\F]QHMWD]DĞX]QDáDMH]DZURJLH6WDOLQRZLLSDUWLLSU]\RND]MLDUHV]-
WRZDQRWDNĪHRZHJR,ZDQDF]\*ULV]ĊDE\Z\HOLPLQRZDüSRWHQFMDOQHJRU\ZDOD6WDOLQD
1HRSXU\WDQL]PQLHSU]\MąáVLĊQLJG\Z(XURSLHZVFKRGQLHMPLPRELXURNUDW\F]Q\FK
LSROLW\F]Q\FKPHWRGQDFLVNX:5RVML]UHV]WąWHĪXOHJáUR]NáDGRZLZFLąJXRVWDWQLFK
ODW%áĊGHPE\áRE\XZDĪDüĪHZ\SDURZDá]U]HF]\ZLVWRĞFLNRPXQLVW\F]QHMGRV]F]ĊWQLH
DOERZLHPEUDNSRGVWDZRZ\FKWRZDUyZPXVLE\üQLHXVWDQQLHSRNU\ZDQ\IUD]HVHPLWX
]PRG\ILNRZDQ\GRDNWXDOQ\FKZ\PDJDĔQHRSXU\WDQL]PFLąJOHRGGDMHXVáXJL)UD]HROR-
JLDNRPXQLVW\F]QDSU]HGVWDZLDĪ\FLHMDNR]ELRURZą]RUJDQL]RZDQąSU]H]SDUWLĊZDONĊ
R FRĞ R SODQ JRVSRGDUF]\ R SRNyM R WHJRURF]QH ]ELRU\ NXNXU\G]\ R XSU]ąWQLĊFLH
]DĞPLHFRQHM XOLF\ 0RELOL]DFMD MHVW SRMĊFLHP UyZQ\P GREUHPX VDPRSRF]XFLX 6áRZD
ZLGRF]QH QD NDĪGHM VWURQLH JD]HW Ä&]\ MHVWHĞP\ ]PRELOL]RZDQL"´ PDMą Z URMHQLDFK
NRPXQLVW\F]Q\FK SU]\ZyGFyZ R U]ąG]RQ\FK SU]H] QLFK VSRáHF]HĔVWZDFK WDNLH VDPR
]QDF]HQLHMDNÄ-DNSDQVLĊG]LĞF]XMH"´ZGHPRNUDFMDFK,GHDáPRELOL]DFMLMHVW]QDWXU\
U]HF]\DQW\NRELHF\SODVXMHMąZ\áąF]QLHSU]\PDV]\QLHSU]\NXFKQLOXESU]\DUPDFLH
Z]PDJDMąFMHMQLHRGáąF]QHSRF]XFLH]QXĪHQLDREH]ZáDGQLHQLD]DQLHGEDQLD7\ONRGH-
PRELOL]DFMD]H]ZDODMHMQDWRDE\E\üNRELHWDVWąGVHQVĪ\FLDNRELHW\ZNRPXQL]PLH
SROHJDQDSU]HáDP\ZDQLXW\FKXF]XüLZDONLRVDPąVLHELH]RWDF]DMąF\PąĞZLDWHP
0RĪHRQDERZLHP]JRG]LüVLĊQDZLHOH]UH]\JQRZDü]ZLHOXU]HF]\LRGGDüPQyVWZR
DĪGRSRĞZLHFHQLDZáąF]QLH²QLHPRĪHW\ONRSU]HVWDüE\üNRELHWą
:REHF WHJR ZDUXQNL SU]\VWRVRZXMą Mą GR VLHELH E\W RNUHĞOD ĞZLDGRPRĞü QRZH
FHFK\ L NZDOLILNDFMH URG]ą VLĊ Z NRELHFLH 'UDSLHĪQRĞü L DJUHV\ZQRĞü RG ZLHNyZ VWD-
QRZLá\ Z\SRVDĪHQLH NRELHW\ GR ZDONL ]H ĞZLDWHP Z NRPXQL]PLH FHFK\ WH QDELHUD-
Mą QRZ\FK EODVNyZ SU]HNV]WDáFDMą VLĊ VNXWHF]QLH Z SU]HGVLĊELRUF]RĞü SRP\VáRZRĞü
Z\WUZDáRĞü Z\QDOD]F]RĞü 7DP JG]LH QLH PRĪQD Z VNOHSDFK GRVWDü GREUHJR SURV]NX
GRSUDQLDF]\]P\ZDQLDQDF]\ĔVKDPSRRQXF]\NUHPXGRWZDU]\Ä.OHHQH[´]DĞMHVW
GRVWĊSQ\W\ONRQDMPRFQLHMV]\PNWyU]\RWU]\PXMąJRZVSHFMDOQ\FKSU]HV\áNDFK]=D-
FKRGX²WRZV]\VWNRWU]HEDMDNRĞ]GRE\üDOER]DVWąSLüSURGXNWHPZáDVQ\POXEZáD-
VQąXOHSV]RQąPHWRGą2F]\ZLĞFLHSURGXNW\WHDWDNĪHZV]\VWNLHDNFHVRULDPRG\Vą
Z VSHFMDOQ\FK VNOHSDFK VSURZDG]DQH ] NUDMyZ NDSLWDOLVW\F]Q\FK OHF] LFK NRV]W Z\-
NOXF]DQDE\ZDQLHLFKSU]H]VSRáHF]HĔVWZD:WDNLHMV\WXDFMLJG\ZHZF]HVQ\FK
ODWDFK  :áRFK\ ODQVRZDá\ PRGĊ SURVW\FK F]DUQ\FK SDQWRIOL QD SáDVNLP REFDVLH
]ZDQ\FK SRGyZF]DV ÄEDOOHULQDV´ G]LHZF]ĊWD Z :DUV]DZLH NXSRZDá\ WDQLH WHQLVyZNL
Z\FLQDá\LFKZLHU]FKZSRĪąGDQ\NV]WDáWLIDUERZDá\MHQDF]DUQR1LHE\á\WRGREUHZáR-
VNLHÄEDOOHULQDV´LNDĪG\ZLG]LDáWRQDSLHUZV]\U]XWRNDDOHGDZDá\RQHZDUV]DZVNLP
G]LHZF]ĊWRPSRF]XFLHĪHRFRĞZDOF]ąĪHVLĊQLHGDMąDLFK]Z\FLĊVWZRMHVWZVSDQLDáą
QDJURGą]DWUXG\1DXOLFDFK1RZHJR-RUNXF]\3DU\ĪDWUXGQRMHVW]DXZDĪ\üGREU]H
XEUDQą SURPLHQLHMąFą VZą ]RUJDQL]RZDQą NRELHFRĞFLą NRELHWĊ ZV]\VWNLH QLHPDO Vą
]DGEDQHLGREU]HXEUDQHWU]HEDZLĊFE\üU]HF]\ZLĞFLHNLPĞ]XSHáQLHZ\MąWNRZ\PDE\
SU]\FLąJQąüZ]URN1DV]DU\FKZ\SHáQLRQ\FKSRQXU\PWáXPHPXOLFDFK0RVNZ\%XND-
UHV]WXL6RILLNRELHWDNWyUDZDOF]\]NRPXQL]PHPRVDPąVLHELH]DNZLWDMDNNRORURZ\
UDGRVQ\NZLDWNU]HSLąF\VHUFHLRNRVZ\PQLHSRNRQDQ\PF]áRZLHF]HĔVWZHP:\UyĪQLD
VLĊ]RJyOQHJRNRQWHNVWXĪ\FLD&yĪ]DĞPRĪHE\üZVSDQLDOV]ąQDJURGąGODNRELHW\QLĪ
WRĪHMHVWMHGQDMHG\QDZ\MąWNRZD²LF]\WDRW\PZVSRMU]HQLDFKLQQ\FKOXG]L
.
'ODF]HJRSDVWDGR]ĊEyZQLHF]\ĞFL
.
:NDSLWDOL]PLHJG\NWRĞNXSLZV]\SDVWĊGR]ĊEyZZ\FLVNDMąUDQR]WXENLLF]\ĞFLQLą
DTP by SHADE 35
]ĊE\QLHSU]\FKRG]LPXGRJáRZ\P\ĞOĪHMHVWVSUDZFąLĞZLDGNLHPF]HJRĞRVREOLZHJR
)DNWĪHSDVWDGR]ĊEyZSLHQLVLĊZXVWDFKLF]\ĞFL]ĊE\QLHXV]NDG]DMąFLFKDUDF]HM
VáXĪąF LP L FKURQLąF MH SU]HG ]HSVXFLHP QLH Z\GDMH VLĊ QLNRPXJRGQ\P V]F]HJyOQHM
XZDJL-HĞOLMHGQDNFRĞWDNLHJRSU]\GDU]\VLĊPLHV]NDĔFRZLNRPXQL]PXNWyU\]DNXSLá
NRPXQLVW\F]QąSDVWĊZNRPXQLVW\F]Q\PVNOHSLHF]áRZLHNWHQF]XMHVLĊMDNZREOLF]X
FXGX-HJRUDGRĞüLIDVF\QDFMDQLHPDMąJUDQLF-HJRG]LHĔXSá\ZDSRG]QDNLHPWHJR]MD-
ZLVNDLQIRUPXMHRQLPNROHJyZZSUDF\LGDOV]\FK]QDMRP\FKG\VNXWXMHMH$OERZLHP
GODNDĪGHJRNWRĪ\MHZNRPXQL]PLHLFKFHSU]HWUZDüZHZáDĞFLZ\FKXNV]WDáWRZDQ\FK
SU]H]UR]XPLGRĞZLDGF]HQLHSURSRUFMDFKLVWQLHQLDMHVWU]HF]ąRF]\ZLVWąĪHSDVWDGR
]ĊEyZQLHF]\ĞFL]ĊEyZLGODWHJRMHVWZáDĞQLHSDVWąGR]ĊEyZ=QDF]\WRWDNĪHLĪWD
VDPDSDVWDXĪ\WDSU]\SDGNRZRGRF]\V]F]HQLDá\ĪHNF]\XP\ZDOQLRND]DüVLĊPRĪH
QLH]Z\NOH VNXWHF]QD 7DNLH XV]HUHJRZDQLH IDNWyZ L Z\QLNDMąF\FK ] QLFK NRQVHNZHQ-
FMLQD]\ZDQHMHVWZNRPXQL]PLHSUDZLGáRZRĞFLą1LNWVLĊMXĪGDZQRQLHG]LZLLNDĪG\
ZLHĪHZV]\VWNRMHVWZ]XSHáQHM]JRG]LH]RERZLą]XMąF\PSRU]ąGNLHPU]HF]\LSRMĊü
5R]SR]QDZV]\UD]ZáDĞFLZRĞFLMHJRPHFKDQL]PXPRĪQDZQLPĪ\üQDZHWEH]SRF]XFLD
VWDáHJR]DJURĪHQLD
*G\QD=DFKRG]LHSRMDZLDVLĊQRZ\OXEXOHSV]RQ\SURGXNW²WU]\PDMP\VLĊWXSU]\-
NáDGXSDVW\GR]ĊEyZ²SU]HGVWDZLFLHOHNRPXQLVW\F]QHJRSU]HP\VáX]DNXSXMąWXENĊ
Z GURJHULL L SU]\ZRĪą GR VZRMHJR NUDMX 1LH PD WR QLF ZVSyOQHJR ]H V]SLHJRVWZHP
SU]HP\VáRZ\PLRSDUWHMHVWR]DVDGĊĪHNUDMHNRPXQLVW\F]QHQLHKRQRUXMąĪDGQ\FK]R-
ERZLą]DĔSDWHQWRZ\FK3DWHQW\VąKRQRURZDQHW\ONRZW\FKZ\MąWNRZ\FKZ\SDGNDFK
JG\SURGXNW²PDV]\QDOXESUHSDUDW²]DOHĪQHVąRGVWDá\FKGRVWDZF]ĊĞFLZ\PLHQ-
Q\FKF]\VNáDGQLNyZ]=DFKRGX:LQQ\FKZ\SDGNDFKXZDĪDVLĊĪHGODGREUDZáDVQHJR
OXGXSUDFXMąFHJRZROQRMHVWRNUDGDüZ]JRG]LH]VRFMDOLVW\F]Q\PVXPLHQLHPSUDFXMą-
F\FKQD=DFKRG]LH]LFKSRP\VáyZLXOHSV]HĔ)UDQFXVNDZáRVNDF]\KROHQGHUVNDSDVWD
GR]ĊEyZZĊGUXMHZLĊFGRNRPXQLVW\F]QHJRODERUDWRULXPJG]LHSRGGDQD]RVWDMHDQD-
OL]LH %UDN RGSRZLHGQLFK Z\MDĞQLHĔ QLHRG]RZQ\FK Z NDĪG\P ZVSyáF]HVQ\P SURFHVLH
WHFKQRORJLF]Q\PVSUDZLDĪHQDZHWSUDFXMąFXVLOQLHNRPXQLVW\F]QLVSHFMDOLĞFL]DZV]H
F]HJRĞQLHZLHG]ąFRĞLPEUDNXMHZIRUPXOHOXEUHFHSFLHF]HJRĞQLHSRWUDILąXVWDOLü
1LHPRJąVLĊMHGQDNSRG]LHOLüVZRLPLQLHSRZRG]HQLDPLLWURVNą]HVZRLPLSU]HáRĪRQ\-
PL SRVNDUĪ\ü QD ]á\ ORV OXE FKRüE\ W\ONR SU]HG\VNXWRZDü ]DJDGQLHQLH ] IDFKRZHJR
SXQNWXZLG]HQLD,FKSU]HáRĪHQLQLHVąERZLHPĪDGQ\PLIDFKRZFDPLF]\VSHFMDOLVWDPL
OHF]ERQ]DPLSDUW\MQ\PLNWyU]\MHV]F]HZF]RUDM]DU]ąG]DOLSU]HGVLĊELRUVWZHPNRPXQL-
NDFMLPLHMVNLHMSURZDG]LOLVNOHS]QDVLRQDPLUROQLF]\PLOXESRSURVWX]RVWDOLSU]HQLH-
VLHQL]DILQDQVRZHQDGXĪ\FLD]SROLFMLSROLW\F]QHMZNWyUHMGRVáXĪ\OLVLĊVWRSQLDSRUXF]-
QLNDQDVWDQRZLVNRG\UHNWRUDIDEU\NLSDVW\GR]ĊEyZDOERZLHPZLHUQ\F]áRQHNSDUWLL
MHVWMHMQDMGURĪV]\PVNDUEHPEH]Z]JOĊGXQDWRFRSU]HVNURELHFRXNUDGQLHOXENRJR
]JZDáFL-HVWZLĊFU]HF]ąRF]\ZLVWąĪHQLHPDMą]LHORQHJRSRMĊFLDRFKHPLLLNRVPHW\-
FHDOH]DWRZLHG]ąGRVNRQDOHĪHQDMOHSV]ąPHWRGąGODSRNU\FLDZáDVQHMLJQRUDQFMLMHVW
RVNDUĪHQLHIDFKRZFyZLWHFKQLNyZRQLHXGROQRĞüEąGĨVDERWDĪRPDUQRWUDZVWZR]GR-
E\W\FK]DEH]FHQQHGHZL]\]DJUDQLF]QHSUHSDUDWyZ5]HF]ZW\PĪHWHFKQLF\ZLHG]ą
RW\PUyZQLHGREU]HZROąZLĊFVNáDPDüĪHZV]\VWNREH]EáĊGQLHSU]HDQDOL]RZDOLLUR]-
V]\IURZDOLLĪHMXĪZV]\VWNRQDSHZQRGRVNRQDOHZLHG]ą:LHG]ąWHĪLĪ]DXPLHMĊWQH
NáDPVWZRGRVWDQąSUHPLĊGRPLHVLĊF]QHMSHQVML²FRZMDNLĞVSRVyEUR]JU]HV]DNDĪGH
NáDPVWZRLQDGDMHPXFHFK\Z\ERUQHJRĪDUWXDOERZLHPV\VWHPOXG]NLFKZVSyá]DOHĪ-
QRĞFLZNWyU\P]DSUDZGĊ,VLĊNDU]H]DĞ]DNáDPVWZRQDJUDG]DQLHPRĪHZ\PDJDü
DE\E\üWUDNWRZDQ\PSRZDĪQLH7HQVWDQU]HF]\SU]HVąG]DQDWRPLDVWQLHRGZRáDOQLHMD-
NRĞüSU]\V]áHJRSURGXNWXDOHGDOV]HHZHQWXDOQHQLHSRZRG]HQLDLNOĊVNL]ZDOLü]DZV]H
PRĪQD QD QLH]OLF]RQH ]DVDG]NL L QLHEH]SLHF]HĔVWZD MDNLH F]\KDMą QD SURGXNW ]DQLP
MHV]F]HXNDĪHVLĊZVZHMRVWDWHF]QHMSRVWDFL:WHQVSRVyEZDGOLZDUHFHSWDXGDMHVLĊ
GRSURGXNFMLMDNE\QLHEDF]ąFQDSUDZGĊXVWDORQąMXĪGDZQRSU]H]VWDU\FK*UHNyZ
ĪHQLNRPXMHV]F]HQLHXGDáRVLĊZ\SURZDG]LüVáXV]QHJRZQLRVNX]ZDGOLZHMSU]HVáDQNL
LFK\EDQLJG\VLĊQLHXGD
DTP by SHADE 36
:SURFHVLHSURGXNF\MQ\PRND]XMHVLĊĪHyZVNáDGQLNSU]\NWyUHJRSRPRF\:áRVL
OXE +ROHQGU]\ XF]\QLOL ]H ]Z\NáHM SDVW\ GR ]ĊEyZ ]QDNRPLWą SDVWĊ MHVW ]XSHáQLH QLH
GRX]\VNDQLDQDORNDOQ\PU\QNXDVNáDGQLN]DVWĊSF]\VXJHURZDQ\SU]H]WHFKQLNyZ
]XSHáQLHVLĊGRQLF]HJRQLHQDGDMH7HFKQLF\ZLHG]ąRW\PGRVNRQDOHĪHVLĊQLHQDGDMH
FRĞWU]HEDMHGQDNQDSLVDüZUHFHSFLHDE\QLHSU]HUZDüWDNXGDQHJRF\NOXQLHNRĔF]ą-
F\FKVLĊPLVW\ILNDFML:áDĞFLZLHQDMUR]VąGQLHMV]HE\áRE\SU]HUZDQLHSURGXNFMLZRJyOH
OHF]ZáDĞQLHFRĞWDNLHJRQLHZFKRG]LZUDFKXEĊ1RZ\W\SSDVW\GR]ĊEyZILJXUXMHMXĪ
Z JOREDOQ\FK RJyOQRSDĔVWZRZ\FK SODQDFK JRVSRGDUF]\FK Z QLH]OLF]RQ\FK VWDW\VW\-
NDFKSURGXNFMLLVSRĪ\FLDZVSUDZR]GDQLDFKRMXĪGRNRQDQ\FKRVLąJQLĊFLDFKZLHONLFK
]MHGQRF]HĔSU]HP\VáXFKHPLF]QHJRNWyU\PSRGOHJDGDQDIDEU\NDZSRGVXPRZDQ\FK
REURWDFKVNOHSyZNWyUHEĊGąMąVSU]HGDZDüL]JyU\ZLHG]ąLOHMHMVSU]HGDG]ąZSUDVR-
Z\FKDUW\NXáDFKZ\QRV]ąF\FKSRGQLHERWURVNĊZRG]yZSUROHWDULDWXR]ĊE\SUROHWDULD-
WXOXEZSU]HPyZLHQLDFKG]LDáDF]\JRVSRGDUF]\FKLDNW\ZLVWyZSDUW\MQ\FKVáDZLąF\FK
SDVWĊMDNRQLH]Z\NáHGRNRQDQLHORNDOQHJRSU]HP\VáXLSDUW\MQHJRNLHURZQLFWZDSU]H-
P\VáHP3R]RVWDMąZLĊFGZDUR]ZLą]DQLD
3LHUZV]HSURGXNRZDüSDVWĊEH]RZHJRVNáDGQLNDWZLHUG]ąFU]HF]MDVQDĪHSDVWD
JR]DZLHUD-HVWWRUR]ZLą]DQLHQDRJyáSURVWHLHIHNWRZQHQLHZ\PDJDĪDGQ\FKV]F]H-
JyOQ\FK]DELHJyZLQLHJUR]LĪDGQ\PLHZHQWXDOQRĞFLDPLSURWHVWXF]\VNDUJ]HVWURQ\
VSRáHF]HĔVWZDDOERZLHPĪDGHQ]GURZRP\ĞOąF\NRQVXPHQWQLHOLF]\QDWRĪHSDVWD
WDN FKRü Z QDMRGOHJOHMV]\ VSRVyE SU]\SRPQL VZyM ]DFKRGQL SLHUZRZ]yU L EĊG]LH Mą
]DZV]HWUDNWRZDáMDNNDĪGąXSU]HGQLRZ\SURGXNRZDQąZMHJRNUDMXSDVWĊF]\OLMDNR
ZáDĞFLZLHQLHQDGDMąFąVLĊGRXĪ\FLDLNXSRZDQąGODWHJRW\ONRĪHQLHPDĪDGQHMLQQHM
1LHEH]SLHF]HĔVWZRWHJRUR]ZLą]DQLDOHĪ\Z]XSHáQLHLQQHMSáDV]F]\ĨQLH7U]HEDERZLHP
]DáRĪ\üĪHNDĪG\G\UHNWRUNDĪGHMIDEU\NLPDZLHUQ\FKRGGDQ\FKFLHUSOLZLHF]\KDMą-
F\FKQDMHJR]JXEĊZURJyZNWyU]\FDáHODWDF]DWXMąQDMHJRQDMPQLHMV]HSRWNQLĊFLH
EáąGQLHRVWURĪQRĞü7RWHĪJG\W\ONRSDVWDXNDĪHVLĊZVSU]HGDĪ\QD]HEUDQLXSRGVWD-
ZRZHM RUJDQL]DFML SDUW\MQHM F]\OL NRPXQLVW\F]QHM NRPyUNL NLHUXMąFHM IDEU\Ną ZVWD-
QLH]DVWĊSFDG\UHNWRUDLZGáXJLPXVLDQ\PF\WDWDPL]0DU[DL(QJHOVDSU]HPyZLHQLX
RVNDUĪ\G\UHNWRUDRRV]XNLZDQLHOXGXSUDFXMąFHJRLUXMQRZDQLHKLJLHQ\V]HURNLFKPDV
QDZHWMHĞOL]DVWĊSFDE\áZáDĞQLHW\PWRZDU]\V]HPNWyU\SyáURNXWHPX]DSURSRQRZDá
SURGXNFMĊSDVW\EH]RZHJRGHF\GXMąFHJRVNáDGQLNDDSDUW\MQDRUJDQL]DFMDSOHQDUQLH
WĊSURSR]\FMĊ]DWZLHUG]LáDPRW\ZXMąFWHQNURNZ]JOĊGDPLRV]F]ĊGQRĞFLRZ\PL²DUJX-
PHQWHP]DZV]HZV]ĊG]LHGREU]HZLG]LDQ\P'\UHNWRUEĊG]LHSUyERZDá]ZDOLüZLQĊQD
WHFKQLNyZLVSRZRGXMHZ\U]XFHQLHLFK]SUDF\DOHPXWRQLHZLHOHSRPRĪHVDPUyZ-
QLHĪ]RVWDQLHNDUQLHSU]HVXQLĊW\QDLQQHVWDQRZLVNRDF]DVDPLLXVXQLĊW\]SDUWLL-HJR
PLHMVFH]DMPLHZLFHG\UHNWRU]DĞQLNWZRNRáRQLHGRMU]\ZSRVWĊSRZDQLXW\PQLF]HJR
QLHZáDĞFLZHJRDOERZLHPMHVWWRSRZV]HFKQLHSU]\MĊWDPHWRGDDZDQVRZDQLDZNRPX-
QL]PLH
: GUXJLP Z\SDGNX JG\ G\UHNWRU XZDĪD SURGXNFMĊ GDQHM SDVW\ ]D ]DGDQLH QLH-
]Z\NOH SUHVWLĪRZH RUD] SRVLDGD GRVWDWHF]Qą LORĞü RGZDJL ]DSDáX L SRĞZLĊFHQLD VLĊ
VSUDZLHDE\]DSXĞFLüVLĊQDEH]GURĪDELXURNUDW\]PXZWHG\PRĪHVSUyERZDüVSURZD-
G]Lü EUDNXMąF\ VNáDGQLN ] ]DJUDQLF\ 2SHUDFMD WD PD V]DQVĊ SRZRG]HQLD W\ONR ZWHG\
JG\GRGDWNRZRGRZ\ĪHMZ\PLHQLRQ\FK]DOHWFKDUDNWHUXG\UHNWRUyZG\VSRQXMHRG-
SRZLHGQLPL VWRVXQNDPL L SURWHNFMą Z JąV]F]X PRQVWUXDOQ\FK LQVW\WXFML EDQNRZR±GH-
ZL]RZ\FK NWyUH GHF\GXMą R Z\GDWNRZDQLX NDĪGHJR GRODUD ]DJUDQLFą 2ZRFH WDNLFK
Z\VLáNyZLWUXGyZEĊGąMHGQDNQDGHUQLNáH=DáRĪ\ZV]\ĪHSRSRNRQDQLXQLH]OLF]RQ\FK
SU]HV]NyGVNáDGQLNWHQ]QDMG]LHVLĊZUHV]FLHZIDEU\FH²ZJRWRZ\PSURGXNFLHSRMDZL
VLĊRQMHGQDNZSU]HUDĪDMąFRGUREQ\PSURFHQFLHDQDMSHZQLHMWRLZRJyOHQLH5HV]WD
]RVWDQLHXNUDG]LRQD*G\W\ONRFKRG]LRU]DGNLH©WUXGQHGR]GRE\FLDVNáDGQLNLURERW-
QLF\ZNRPXQL]PLHG\VSRQXMąZLHG]ąQDMEDUG]LHMZ\NV]WDáFRQ\FKWHFKQRORJyZDLFK
QLHPUDZDDSDW\F]QRĞüLQLHFKĊüGRSUDF\SU]HREUDĪDVLĊEá\VNDZLF]QLHZJRUąF]NRZą
VSUDZQRĞüJG\W\ONRQDMOĪHMV]DPRĪOLZRĞüXERF]Q\FKGRFKRGyZSRMDZLDVLĊQDKRU\-
]RQFLHURERWQLNSU]HLVWDF]DVLĊ]GXPQHJRSUROHWDULXV]DZZ\UDILQRZDQHJRKDQGORZFD
DTP by SHADE 37
:WHQVSRVyEyZFHQQ\VNáDGQLN]QDMG]LHVLĊZNUyWFHQDF]DUQ\PU\QNX]DĞQDU\QNX
RILFMDOQ\PSRMDZLVLĊQLHFRSyĨQLHMZVNURPQ\PRSDNRZDQLXNRVPHW\F]QHMVSyáG]LHOQL
SUDF\ Z\MDĞQLHQLHWHUPLQXZRGG]LHOQ\PUR]G]LDOH LPLHQLDEDENL/HQLQDFRĞFRRG-
OHJáHEĊG]LHSU]\SRPLQDáRGREUąSDVWĊGR]ĊEyZLRG]QDF]DüVLĊEĊG]LHQLHFRZ\ĪV]ą
FHQąQLĪSURGXNWSDĔVWZRZ\=DĞSDĔVWZRZDIDEU\NDZ\SXĞFLSURGXNWNWyU\GXPQLH
VLĊQD]\ZDüEĊG]LHQDMQRZV]ąXOHSV]RQąZHGáXJVSHFMDOQ\FKZ]RUyZSDVWąGR]ĊEyZ
NWyU\SRSHZQ\PF]DVLHX]QDQ\]RVWDQLH]DVXNFHVL]DF]QLHJZDáWRZQLH]QLNDü]U\QNX
ERRNDĪHVLĊ]XSHáQLHQLHVSRG]LHZDQLHĪHVWDQRZLXOXELRQ\SU]\VPDNGRPRZHJRSWDF-
WZD L MHVW PDVRZR Z\NXS\ZDQ\ SU]H] NXU]H IDUP\ MDNR WXF]QLN '\UHNWRU QRZ\ OXE
VWDU\MHĞOLVLĊXWU]\PDGRVWDQLH2UGHU5HZROXFML]DRVLąJQLĊFLDQDSROXSURGXNFMLSDVW
GR]ĊEyZDJD]HW\]DPLHV]F]ąRJURPQHDUW\NXá\RGRĞFLJDQLXLSU]HJDQLDQLX=DFKRGX
Z G]LHG]LQLH FKHPLL ]H V]F]HJyOQ\P XZ]JOĊGQLHQLHP VRFMDOLVW\F]QHM WURVNL R ]GURZLH
V]HURNLFKPDVLQLNWQLHGRVWU]HĪHZW\PQLFQLHVWRVRZQHJRDOERZLHPNDĪG\ZLHĪH
G]LHQQLNDU]HWHĪPXV]ą]F]HJRĞĪ\ü
.
&RWRMHVWVSyáG]LHOQLDSUDF\
.
6SyáG]LHOQLĊSUDF\WUXGQRMHVWRGQDOHĨüXNODV\NyZPDUNVL]PX-HVWWRIRUPDVWZR-
U]RQDSU]H]Ī\FLH7ZRU\Ī\GDURG]ąVLĊZSURVWHMLRGZLHF]QHM]DOHĪQRĞFLRGZDUXQNyZ
Ī\FLD²F]HJRQLHSU]HZLG]LHOLNODV\F\PLPRĪHSRMĊFLHXZDUXQNRZDQLDJUDWDNRJURP-
QąUROĊZLFKILOR]RILL
6SyáG]LHOQLDSRF]ĊWD]RVWDáD]SRWU]HE\Z\PLHV]DQHM]HZVWUĊWHP-HVWWRWHQUR-
G]DMSáRG]HQLDSRWRPVWZDQDNWyUHQLNWQLHPDRFKRW\LSRPLĊG]\SDUWQHUDPLNWyU]\
QLH PDMą QD VLHELH Z]DMHPQLH RFKRW\ .RPXQL]P ZLHG]LDá FR URELü ] ]LHPLą XSUDZQą
L]IDEU\NDPLSRUHZROXFML]RVWDáRWRGRĞüGURELD]JRZRXVWDORQHSU]H]2MFyZ=DNRQX
$OHĪ\FLHQLHĪ\ZLVLĊZ\áąF]QLHSURGXNWDPLIDEU\NLJOHE\NWRĞ]DĞPXVLURELüNRV]\-
NLLUĊNDZLF]NLGRSDVRZ\ZDüNOXF]HGR]DPNyZZPLHMVFH]JXELRQ\FKĪHORZDüEXW\
ZSUDZLDüVWáXF]RQHV]\E\F]\ĞFLüLUHSHURZDüXU]ąG]HQLDVDQLWDUQHQDZHWZQDMEDU-
G]LHMEH]NODVRZ\PLVSUDZLHGOLZ\PVSRáHF]HĔVWZLH3U]HG]Z\FLĊVWZHPVRFMDOL]PXURELOL
WRU]HPLHĞOQLF\OHF]VWDWXVVSRáHF]Q\U]HPLHĞOQLNDE\á]DZV]HGRNWU\QDOQLHSRGHMU]DQ\
.ODV\F\ VąG]LOL ĪH VWDQRZL RQ UHOLNW ĞUHGQLRZLHF]D VND]DQ\ QD ]DJáDGĊ SU]H] ]LQGX-
VWULDOL]RZDQąKLVWRULĊ&LNWyU]\PLHOLQDXNLNODV\NyZZSURZDG]DüZĪ\FLHSDWU]\OLQD
U]HPLHĞOQLND[Z\UDĨQąRGUD]ąZLG]LHOLZQLPPDáRVWNRZąGXV]ĊGUREQR²PLHV]F]DQL-
QDFKFLZą]\VNXLSHáQąĞZLDWRSRJOąGRZ\FK]DERERQyZLXZDĪDOLJR]DĨUyGáRGRNXF]-
OLZ\FKNáRSRWyZ
5]HPLHĞOQLN]RVWDZLRQ\VDPVRELHZGRGDWNX]DSRELHJOLZ\LSUDFRZLW\ZPJQLH-
QLXRNDSU]HREUDĪDVLĊZSDUV]\ZHJRPDáHJRNDSLWDOLVWĊ6DPIDNWĪHFKFHSUDFRZDü
VDP]GDODRGSUDZRP\ĞOQHJRZ\VLáNXNROHNW\ZyZMXĪMHVWREXU]DMąF\LJURĨQ\7RĪH
LQG\ZLGXDOL]PMHVWJHQHUDWRUHPUyĪQ\FKREPLHU]á\FKVSUDZQRĞFL²MDNGRWU]\P\ZDQLH
WHUPLQyZVROLGQRĞüZ\NRQ\ZDQHMSUDF\WDQLRĞüNRV]WyZSURGXNFML²VSUDZLDZUDĪHQLH
SURZRNDFML=GUXJLHMVWURQ\DF]NROZLHNUR]ZyMXSU]HP\VáRZLHQLDSR]DNRPXQL]PHP
RVLąJQąáUR]PLDU\MDNLFKQLHSU]HZLG]LDáDQDZHWDSRNDOLSW\F]QDZ\REUDĨQLDNODV\NyZ
SU]HFLHĪQLH]OLNZLGRZDáU]HPLHĞOQLNDOHF]REGDU]\áJRQRZąUROąZJRVSRGDUF]\PSR-
VWĊSLH 3U]HREUD]Lá JR QLHMDNR Z SLRQ XVáXJRZ\ VHUYLFH WUDGH  NWyU\ GRNRQDá Z GH-
PRNUDW\F]Q\P NDSLWDOL]PLH RV]RáDPLDMąFHM NDULHU\ ]DJDUQLDMąF SU]HZDĪDMąF\ SURFHQW
GRFKRGX VSRáHF]QHJR L UR]V]HU]DMąF VZH SUHURJDW\Z\ QD FDáNLHP QRZH EXMQLH UR]-
NZLWDMąFH G]LHG]LQ\ JRVSRGDUNL MDN NRQVHUZDFMD WHOHZL]RUyZ ELXUD SRGUyĪ\ Z\ĞZLH-
WODQLH ILOPyZ IRWRJUDILD L JDUDĪH Z NWyU\FK PHFKDQLN MHVW QDWXUDOQ\P VSDGNRELHUFą
GXFKRZ\PĞSLHZDNyZ1RU\PEHUVNLFKF]\V]HNVSLURZVNLFKU]HPLHĞOQLNyZ]DWHĔVNLHJR
ODVNXDZLĊFE\ZDERKDWHUHPSRZLHĞFLLGUDPDWX7RMHVWGODNRPXQL]PXFLRVEUXGQ\
QXPHUXGHU]HQLHSRQLĪHMSDVDQLHGRĞüĪHHOHPHQWVSRáHF]QR±JRVSRGDUF]\NWyUHPX
NODV\F\SU]HSRZLHG]LHOL]DJáDGĊ]UąNNUZLRĪHUF]\FKPRQRSROLNRQFHQWUXMąF\FKNDSLWDá
QD ]JXEĊ VáDEV]\FK SU]HĪ\á L UR]NZLWá Z VDP\P NDSLWDOL]PLH RĞPLHV]DMąF ]GROQRĞü
DTP by SHADE 38
DQDOL]\ NODV\NyZ DOH SRMDZLá VLĊ MHV]F]H MDNR W]Z ]DJDGQLHQLH Z SRU]ąGNX SRVWUH-
ZROXF\MQ\PJG]LH]RVWDáDXWRU\WDW\ZQLHQLHSU]HZLG]LDQ\LPLDáRJRZRJyOHQLHE\ü
6IUXVWURZDQLPHQDĪHURZLHUHZROXFML]RULHQWRZDOLVLĊZNUyWFHRLOHáDWZLHMMHVWEXGRZDü
NRPELQDW\PHWDOXUJLF]QHQLĪ]JRG]LüVLĊQDSURGXNFMĊNRáGHUV]HOHNLG]ZRQNyZHOHN-
WU\F]Q\FKSU]H]PDáHZDUV]WDW\Z\WZyUF]HRUD]XVWDOLüNWRPDSUDVRZDüVSRGQLH$OH
ĪH Z NRĔFX NWRĞ PXVLDá ]DMąü VLĊ FKRFLDĪE\ ]DWNDQ\PL NOR]HWDPL SU]HWR ]URG]LáD VLĊ
NRQFHSFMDVSyáG]LHOQLSUDF\F]\OL]U]HV]HQLDGUREQ\FKZ\WZyUFyZSUDFXMąF\FKUyZQLH
V]F]ĊĞOLZLHMDNLFKEUDFLDURERWQLF\QDFKZDáĊVRFMDOL]PXW\ONRZQLHZLHONLFKSRPLHV]-
F]HQLDFKDQLHZZLHONLFKKDODFKIDEU\F]Q\FK:WHQVSRVyEVSyáG]LHOQLDSUDF\VWDáDVLĊ
NRQFHVMąZ]QLRVáHMGRNWU\Q\QDU]HF]SU]\]LHPQRĞFLLWHJRZV]\VWNLHJRFRQLHGDMHVLĊ
]DáDWZLüWHRULą
-DNNDĪGHG]LHFNRJDUEDWH]H]RZDWHQLHNRFKDQHLNU]\ZG]RQHRGQDMZF]HĞQLHM-
V]\FKODWVSyáG]LHOQLDRGSáDFDVLĊVZ\PURG]LFRPFK\WU]HVNU\ZDQąQLHQDZLĞFLąLJáĊ-
ERNąVNáRQQRĞFLąGRQDMQLNF]HPQLHMV]\FKQDGXĪ\üJG\QLNWQLHZLG]L=\VNVSyáG]LHOQL
SRP\ĞODQ\E\áSRF]ąWNRZRMDNRZáDVQRĞüVSyáG]LHOFyZDOHJG\VRFMDOLVW\F]QHSDĔVWZR
LNRPXQLVW\F]QDSDUWLD]RULHQWRZDá\VLĊĪHVSyáG]LHOF\SUDFXMąFGODVLHELHW\ONR]GRO-
QL Vą SU]\ SRPRF\ ZáDVQ\FK SD]QRNFL L QDMSURVWV]HJR PáRWND ]URELü VWR UD]\ W\OH FR
XSDĔVWZRZLRQ\URERWQLNSU]\SRPRF\QDMZ\P\ĞOQLHMV]\FKREUDELDUHNLDXWRPDW\]DFML
LGHRORJLDZNURF]\áDZWĊQLHUyZQRĞüLSU]\SRPRF\ĞUXE\SRGDWNRZHM]DF]ĊáDZ\FLVNDü
]QLFKRVWDWQLHVRNLQLHGDMąFĪDGQ\FKPRĪOLZRĞFLZ]URVWX1DOHĪDáRZLĊFSU]HFLZG]LD-
áDüLFKURQLüVZHSUDZRGRMDNRWDNLHJRĪ\FLD=DF]ĊWRRGGHNODUDW\ZQRĞFL)UD]HRORJLD
QD]ZMHVWU]HF]ąGRĞüZLGRF]QąZFDá\PĪ\FLXJRVSRGDUF]\PNRPXQL]PXDOHGRSLHUR
VSyáG]LHOQLHSRND]Dá\F]HJRPRĪQDQDSUDZGĊGRNRQDüZWHMG]LHG]LQLH:\WZyUQLHSLáHN
SLQJ±SRQJRZ\FKLPLHQLD.DUROD0DU[DSá\QXQDRGFLVNLLPLHQLD5HZROXFML3DĨG]LHUQL-
NRZHMOXESXQNW\VNXSXSRPLGRUyZLPLHQLD.RPXQ\3DU\VNLHMMXĪQLHG]LZLąQLNRJR
3RSyáZLHF]XLVWQLHQLDNRPXQL]PXVSyáG]LHOF\XGRVNRQDOLOLVZRMHFKZ\W\LFRUD]F]ĊĞFLHM
VLĊJDMąGRQD]ZPDMąF\FKZ\UDĪDüLFKDILUPDFMĊĪ\FLDLXVWURMXSU]H]VXEWHOQLHMV]HDOX-
]MH QD SU]\NáDG Ä6SyáG]LHOQLD GHNDW\]\ PDWHULDáyZ 6]F]ĊĞFLH /XGX´ OXE Ä:\WZyUQLD
GUHZQLDQ\FK JX]LNyZ 5DGRVQD 3U]\V]áRĞü´ HZHQWXDOQLH GREU]H ZLG]LDQ\ SDWULRW\]P
MDNÄ6SyáG]LHOQLDSLHNDUVNDLPLHQLD%LWZ\6WDOLQJUDG]NLHM´OXEÄ:\WZyUQLDP\GHOQLF]HN
SODVW\NRZ\FKLPLHQLD3RJURPFyZ)DV]\]PX´.LHG\ĞQD:ĊJU]HFKVSyáG]LHOF\]DMPX-
MąF\ VLĊ SURGXNFMą JXPRZ\FK ĞURGNyZ DQW\NRQFHSF\MQ\FK UyZQLH ZDĪQ\FK ] SXQNX
ZLG]HQLDLQWHUHVyZVSRáHF]HĔVWZDMDNQDIWDSRVWDQRZLOLQD]ZDüVZHSU]HGVLĊELRUVWZR
LPLHQLHP5yĪ\/XNVHPEXUJOHF]RGSRZLHGQLHZáDG]HRGQLRVá\VLĊUDF]HMQLHFKĊWQLHGR
WHJRSURMHNWXLVSyáG]LHOQLD]DGRZROLüVLĊPXVLDáDW\WXáHPÄ6ROLGDUQRĞü5RERWQLNyZ´
.DĪGH NRPXQLVW\F]QH SU]HGVLĊELRUVWZR PD G\UHNWRUD 6SyáG]LHOQLD PD SUH]HVD
0RĪOLZRĞFL ]DURENRZH G\UHNWRUD Vą UDF]HM V]W\ZQH L XVWDORQH ] JyU\ LFK HZHQWXDOQH
XHODVW\F]QLHQLH Z\PDJD RGG]LHOQ\FK UR]ZDĪDĔ : SRUyZQDQLX ] G\UHNWRUHP SUH]HV
G\VSRQXMHGXĪRERJDWV]ąVNDOąPDQHZUXWRWHĪOLF]EDSUH]HVyZ]DOXGQLDMąF\FKZLĊ]LH-
QLDZNRPXQL]PLHMHVWQLHSRUyZQDQLHZ\ĪV]DRGF\IU\G\UHNWRUyZ:HĨP\QDSU]\NáDG
SURGXNFMĊMDNLHJRĞDSDUDWXSRPLDURZHJRVNáDGDMąFHJRVLĊ]NLONXQDVWXSUHF\]\MQ\FK
F]ĊĞFL:\VWDUF]\ĪH]DSU]\MDĨQLRQHVSyáG]LHOQLH]DZLąĪąURG]DMPDáHJRQLHOHJDOQHJR
WUXVWXGRZ]DMHPQHJR]DRSDWU\ZDQLDVLĊZSRWU]HEQHHOHPHQW\DE\SRZVWDáRZ\PD-
U]RQHSROHGRSU]HNXSVWZQDGXĪ\üLSRGZyMQHMEXFKDOWHULL=NROHLGRVNRQDáH]DURENL
QD U\QNX FKURQLF]QLH Z\VXV]RQ\P ] MDNLFKNROZLHN SURGXNWyZ GDMą áDWZą NXPXODFMĊ
NDSLWDáXZVSyáG]LHOQLDFK]F]\PNRPXQLĞFLZDOF]ąQDĞPLHUüLĪ\FLH]HZ]JOĊGyZLGH-
RORJLF]Q\FK2LOHZLĊFSUH]HVLZV]\VF\LQQLSRGQLP]UĊF]QLHQLHXNUDGQąSDĔVWZR
]DELHU]H SLHQLąG]H SU]\ SRPRF\ SRGDWNyZ =E\W JZDáWRZQH ]DELHUDQLH URG]L MHGQDN
ZĞUyGVSyáG]LHOFyZDSDWLĊLQLHFKĊüGRSUDF\DQDZHWQDMSRWĊĪQLHMV]\G\JQLWDU]SDU-
W\MQ\PXVLRGF]DVXGRF]DVXRGGDüSáDV]F]]LPRZ\GRGU\FOHDQLQJ3RZVWDMH]DWHP
V\WXDFMDEH]Z\MĞFLDZNWyUHMXVWąSLüPRJąMHG\QLHLZNRĔFXPXV]ąNODV\F\=UHV]Wą
VZRERGDZLQWHUSUHWDFMLNODV\NyZRND]XMHVLĊUD]MHV]F]HU]HF]ąQLHRFHQLRQąLSRSHZ-
Q\PF]DVLHQLNWMXĪQDSUDZGĊQLHZLHF]\0DU[L/HQLQXF]\OLĪH]HSVXWHĪHOD]NDGR
DTP by SHADE 39
SUDVRZDQLDQDSUDZLDüQDOHĪ\NROHNW\ZQLHF]\LQG\ZLGXDOQLH
.
Co to jest inicjatywa prywatna
.
3RGUyĪQ\Z3ROVFHQD:ĊJU]HFKLZ1LHPF]HFKZVFKRGQLFKZLG]LWXLyZG]LHVNOHS
OXEZDUV]WDWV]HZVNLU]DG]LHMPDáąSLHNDUQLĊDEDUG]RU]DGNRPDáąMDGáRGDMQLĊ]GRE-
Qą Z V]\OG ] QD]ZLVNLHP ZáDĞFLFLHOD -HVW WR UHOLNW HSRNL JG\ NRPXQLĞFL REHMPXMąF
ZáDG]Ċ Z Z\QLNX SRGERMyZ &]HUZRQHM $UPLL VWRMąF RNR Z RNR ] ]DFLHNáą ZURJRĞFLą
XMDU]PLRQ\FKVSRáHF]HĔVWZXFLHNDOLVLĊGRNRNLHWHU\MQ\FKSVHXGRNRQFHVMLLGHNODUDFML
6ORJDQHPRZ\FKODWWXĪSRRVWDWQLHMZRMQLHE\áDW]ZOXGRZDGHPRNUDFMDF]\OLXVWUyM
ZNWyU\PNRPXQLĞFLSU]\U]HNDOLXWU]\PDüZV]\VWNLHVZRERG\SROLW\F]QHLJRVSRGDUF]H
]Z\NáHMGHPRNUDFMLRLOHOXG]JRG]LVLĊQDXĪ\FLHMHJRLPLHQLDZW\WXOHÏZF]HVQDPRGD
SROLW\F]QDZ\PDJDáDWDNĪHDĪHE\ĪDGQDSDUWLDNRPXQLVW\F]QDQLHQD]\ZDáDVLĊNRPX-
QLVW\F]QąOHF]URERWQLF]ąOXESDUWLąSUDFXMąF\FKDVáRZRNRPXQL]PZRGQLHVLHQLXGR
QRZ\FKU]ąGyZF]\SRU]ąGNyZXOHJDáRNRQILVNDFLHRLOHMDNLĞQDLZQ\G]LHQQLNDU]FKFLDá
QD]ZDüU]HF]SRLPLHQLX1DFMRQDOL]DFMDGRW\F]\áDW\ONRFLĊĪNLHJRSU]HP\VáXUHIRUP\
UROQHGDZDá\FKáRSRP]LHPLĊDQLH]DELHUDá\MHMMHV]F]HSRGSáDV]F]\NLHPNROHNW\ZL-
]DFMLUROQLFWZDNXSF\]DĞLU]HPLHĞOQLF\PLHOLSUDZRRWZLHUDüZáDVQHSU]HGVLĊELRUVWZD
]ZDQHZĪDUJRQLHSROLW\F]QR±HNRQRPLF]Q\PLQLFMDW\ZąSU\ZDWQą:GUREQRSU]HP\-
VáRZ\FKZDUV]WDWDFKSU\ZDWQ\FKZROQRE\áR]DWUXGQLDüGRSUDFRZQLNyZ
3RF]ąWNRZRZLĊFPLDVWDSROVNLHZVFKRGQLRQLHPLHFNLHZĊJLHUVNLHPLDá\XOLFHSHáQH
VNOHSyZ SU\ZDWQ\FK SyĨQLHM VNOHS\ WH ]DF]ĊWR NRQFHQWURZDü QD VSHFMDOQ\FK XOLFDFK
ZVSHFMDOQ\FKG]LHOQLFDFK6SUDZLDáRE\WRZUDĪHQLHJHWWDJG\E\QLHQLH]Z\NOHEXMQD
L SXOVXMąFD G]LDáDOQRĞü KDQGORZD W\FK REV]DUyZ 3RZVWDáR ERZLHP G]LZQH ]MDZLVNR
VNOHS\WHSUDZG]LZDZ\OĊJDUQLDWDQGHW\LQDMJRUV]\FKGUREQRPLHV]F]DĔVNLFKJXVWyZ
ZNRQIHNFMLXEUDQLRZHMV]WXF]QHMELĪXWHULLGUREQ\FKDNFHVRULDFKPHEODUVNLFKLLQQ\FK
SRVSROLW\FKSU]HGPLRWDFKFRG]LHQQHJRXĪ\WNXVWDá\VLĊLVWQą0HNNąZ\]ZRORQHJRSUR-
OHWDULDWXLQLĪV]\FKHV]HORQyZSDUW\MQ\FKNWyUH²ZUD]]HVWDELOL]DFMąHJ]\VWHQFML²
X]QDá\]DZDUWHZQLFKWRZDU\]DV]F]\W\NRQVXPSF\MQHMNXOWXU\PDWHULDOQ\FKDPELFML
DWDNĪHQDMOHSV]\GRZyGLFKVSRáHF]QHJRDZDQVXLĪ\FLRZHJR@SRZRG]HQLD
7HQRF]\ZLVW\ERRPPLDáMHGQDNVZRMąGUXJąVWURQĊ3U]H]GáXJLHODWDZáDĞFLFLH-
OHW\FKVNOHSyZZLHGOLĪ\ZRWSLHUZV]\FKPĊF]HQQLNyZFKU]HĞFLMDĔVNLFKU]XFDQ\FKFR
NZDUWDáQDDUHQĊXU]ĊGyZVNDUERZ\FKSHáQąG]LNLFK]ZLHU]ąWSU]HEUDQ\FK]DXU]ĊGQL-
NyZSRGDWNRZ\FK.RPXQLĞFLQLJG\QLHP\ĞOHOLWUDNWRZDüQDVHULRVZRLFKSU]\U]HF]HĔ
]PLRGRZ\FKPLHVLĊF\RNUHVXOXGRZHMGHPRNUDFMLLV]\ENR]GHF\GRZDOLVLĊQDOLNZLGDFMĊ
WHMZ\ZLHV]NL]JRGQLH]QDND]DPLLGHRORJLLXZROQLRQHM]ZLĊ]yZWDNW\NL-HGQRF]HĞQLH
HNRQRPLĞFL L SODQLĞFL NRPXQLVW\F]QL JQĊELHQL FKURQLF]Qą LQIODFMą L FKDRW\F]Q\P QDG-
PLDUHPSDSLHURZHJRSLHQLąG]DQDU\QNXZZ\QLNXEH]VHQVRZQHMSROLW\NL]DWUXGQLHQLD
LSáDF]RULHQWRZDOLVLĊV]\ENRMDNZVSDQLDáHXVáXJLZGUHQRZDQLXU\QNXRGGDüLPPRĪH
XPLHMĊWQLH JQĊELRQD LQLFMDW\ZD SU\ZDWQD 3RVXZDMąF VLĊ NX VRFMDOL]PRZL NRPXQLĞFL
FRUD]]DĪDUFLHMOLNZLGRZDOLRZHLQVW\WXFMHSROLW\F]QHLVSRáHF]QHNWyUHNODV\F\SU]\U]H-
NDOL]DWU]\PDüLUR]ZLMDü]DFKRZ\ZDOL]DĞWRFRNODV\F\SU]HNOĊOLQDVDP\PSRF]ąW-
NXL]DOHFDOLZ\NRU]HQLüEH]OLWRĞQLH2GWąGZLĊFNXSF\SU\ZDWQLPLHOLSUDZRZ]PDJDü
VZHREURW\SRGF]DVJG\ĞUXEDSRGDWNRZD]DELHUDáDLPQLHPDOZV]\VWNR.DĪG\XU]ąG
SRGDWNRZ\ PRĪH VRELH QDM]XSHáQLHM GRZROQLH EH] ĪDGQ\FK DNWyZ XVWDZRGDZF]\FK
Z\PLHU]DüVXP\QDOHĪQHGR]DSáDFHQLDSU]H]SRVLDGDF]DVNOHSXF]\ZDUV]WDWX]]XSHá-
Qą SRJDUGą GOD RERZLą]XMąF\FK SU]HSLVyZ L QRUP 3RQLHZDĪ ] SXQNWX ZLG]HQLD WHRULL
PDWHULDOL]PXGLDOHNW\F]QHJRZáDĞFLFLHOVNOHSXF]\ZDUV]WDWXMHVWUHOLNWHPV]F]ąWNRZ\P
]RNUHVXSRNRQDQHJRNDSLWDOL]PXPRUDOQLH]DVáXJXMHZ\áąF]QLHQDQLHQDZLĞüLV]\GHU-
VWZRDSROLW\F]QLHLLGHRZRMHVWSRWHQFMDOQ\PZURJLHPLĪ\ZąVSU]HF]QRĞFLą]RERZLą-
]XMąF\PXNáDGHPVSRáHF]Q\P²SU]HWRQLHPRĪHRQOLF]\üQDĪDGQąRFKURQĊSUDZQą
LĪDGHQVąGQLHSU]\MPLHMHJRVNDUJLQDZHWJG\XU]ąGSRGDWNRZ\RVNDOSXMHMHJRMHJR
ĪRQĊLG]LHFLZFHOXĞFLąJQLĊFLDLUUDFMRQDOQLHZ\PLHU]RQ\FKVWDZHNSRGDWNRZ\FK
DTP by SHADE 40
5RODSU\ZDWQ\FKZDUV]WDWyZZ\WZyUF]\FKZZ\VLáNXJRVSRGDUF]\PQS3ROVNLE\áD
SRF]ąWNRZR ]QDF]QD =DRSDWU\ZDá\ RQH VSRáHF]HĔVWZR Z ZLHOH DUW\NXáyZ ]ZáDV]F]D
Z\PDJDMąF\FKWURVNOLZHJRZ\NRĔF]HQLDIDFKRZHJR:SRF]ąWNDFKNRPXQL]PXV]SLWDOH
SROVNLH]DRSDWU\ZDá\VLĊZQDU]ĊG]LDFKLUXUJLF]QHQLHPDOZ\áąF]QLHSU]\SRPRF\LQL-
FMDW\Z\SU\ZDWQHM3URGXNFMDZRG\VRGRZHMSU]H]SDĔVWZR]DMĊWHDNXUDWEXGRZDQLHP
JLJDQW\F]Q\FK NRPELQDWyZ PHWDOXUJLF]Q\FK Z\GDMH VLĊ QLHSRUR]XPLHQLHP WRWHĪ QLF
G]LZQHJRĪHSRF]ąWNRZRQLNWQLHPLDáQLFSU]HFLZSU]HMĊFLXMHMSU]H]LQLFMDW\ZĊSU\-
ZDWQą:NUyWFHMHGQDNRND]\ZDáRVLĊĪHSRGF]DVJG\NRPELQDW\PHWDOXUJLF]QHSR]R-
VWDZDá\FLąJOHQDSURMHNWRZ\FKNDONDFKSDĔVWZRZ\FKSU]HGVLĊELRUVWZNRQVWUXNF\MQ\FK
SU]HGVLĊELRUFDSU\ZDWQ\E\áZVWDQLHUR]EXGRZ\ZDüVZHSU]HGVLĊELRUVWZRZSRVWĊSLH
JHRPHWU\F]Q\PSRPQRĪ\üMHRSURGXNFMĊV\IRQyZDJG\E\PXSR]ZRORQR²ZNUyWFH
]RUJDQL]RZDáE\IDEU\NLVDPRFKRGyZGRUR]ZRĪHQLDMHJRV\IRQyZZ\SHáQLRQ\FKMHJR
ZRGą VRGRZą 7\P VDP\P QDOHĪDáR JR ]GXVLü MDNR QLHEH]SLHF]HĔVWZR GOD GRNWU\Q\
LZLPLĊLQWHUHVyZNODVRZ\FKFKRFLDĪMHJRSRĪ\WHNGODVSRáHF]HĔVWZDZLHF]QLHXJDQLD-
MąFHJRVLĊ]DZRGąVRGRZąV\IRQDPLLVDPRFKRGDPLQLHXOHJDáGODQLNRJRZąWSOLZRĞFL
:ODWDFKV]HĞüG]LHVLąW\FKLQLFMDW\ZDSU\ZDWQDGRJRU\ZDFKRFLDĪSURFHVGRJRU\-
ZDQLDFKDUDNWHU\]XMHMHMLVWQLHQLHRGVDPHJRSRF]ąWNX6WRVXQNRZRQDMPRFQLHMWU]\-
PDVLĊ]LHOHQLDUVWZRF]\OLSU\ZDWQDXSUDZDMDU]\QZQLHZLHONLHMRGOHJáRĞFLRGPLDVWD
]DRSDWUXMąFPLDVWRZĞZLHĪHZDU]\ZDLRZRFH'RNWU\QDOQDG\VSHQVDGOD]LHOHQLDUVWZD
VLĊJDQDZHW5RVMLJG]LHF]áRQNRZLHNRáFKR]yZPDMąSUDZRGRXSUDZLDQLDSU\ZDWQ\FK
RJURGyZZDU]\ZQ\FKLVSU]HGDZDQLDVZ\FKSURGXNWyZZPLHĞFLH:(XURSLHZVFKRG-
QLHMSU\ZDWQL]LHOHQLDU]©VąPLOLRQHUDPL)DNWWHQWáXPDF]\VLĊW\ONRPHWDIL]\NDNWyUD
VSUDZLDĪHVRFMDOL]PMHVWZVWDQLHZ\SURGXNRZDüNDĪGDLORĞüF]RáJyZLáRG]LSRGZRG-
Q\FK DOH MHVW RUJDQLF]QLH QLH]GROQ\ GR Z\SURGXNRZDQLD VDáDW\ L GRVWDUF]HQLD MHM GR
VNOHSyZVSRĪ\ZF]\FK
3R]RVWDMHS\WDQLHGODF]HJROXG]LHWDNXGUĊF]HQLMDNZáDĞFLFLHOHVNOHSyZLZDUV]-
WDWyZQLHU]XFDMąLFKLQLHXFLHNDMąZLQQHUHMRQ\E\WXOHF]WUZDMąRGODWQDVWDQR-
ZLVNDFK D QDZHW FDáNLHP QLHĨOH SURVSHUXMą" 2GSRZLHGĨ MHVW ]DUD]HP EDUG]R SURVWD
LEDUG]RVNRPSOLNRZDQD=QDNRPLW\SROVNLDNWRUGUDPDW\F]Q\SRZLHG]LDáNLHG\ĞÄ.D-
SLWDOL]PXQLNWQLHZ\P\ĞOLá]URG]LáRJRĪ\FLH]ZDQHSU]H]QLHNWyU\FKKLVWRULDF]áR-
ZLHNDQD]LHPL1DWRPLDVWVRFMDOL]P]RVWDáZ\P\ĞORQ\SU]\ELXUNX1LFG]LZQHJRĪH
SRSDGDZQLHXVWDMąFHNRQIOLNW\]Ī\FLHP´1LHXPLHMąFVZRLFKWUXGQRĞFLZ\WáXPDF]\ü
VRFMDOL]PQD]\ZDMHQLHZ\JDVáąZDONąNODV$OHFKRüLVWQLHQLHNODVMHVWáDWZR]DXZD-
ĪDOQH VDPD ZDOND NODV MHVW U]HF]ą QDGHU ZąWSOLZą NODV\ ]H VREą QLH :DOF]ą W\ONR
Z]DMHPQLHVRELH]D]GURV]F]ąLZ]DMHPQLHVLĊQDĞODGXMąÏZXU]ĊGQLNSRGDWNRZ\RG-
JU\ZDMąF\ZĪ\FLXNXSFDF]\]LHOHQLDU]DUROĊQLHV\WHJRNUZLW\JU\VD]DUDELD]D]Z\F]DM
]áRW\FKZV\VWHPLHJRVSRGDUF]\PZNWyU\PSDUDEXWyZNRV]WXMH1LHOXG]-
NLPNRQFHSFMRPLSUDZRPSU]HFLZVWDZLüPRĪQDVNXWHF]QLHW\ONRSUDZDĪ\FLD'ODF]HJR
MHJRV\QPDFKRG]LüERVRGRV]NRá\"5HV]WDMHVWPLOF]HQLHPZ\MDĞQLDMąF\PGODF]HJR
LQLFMDW\ZDSU\ZDWQDQLHZ\PLHUDDF]NROZLHNQLHPRĪHĪ\ü
.
-DNF]\WDüQDSLV\ZPLHMVFDFKSXEOLF]Q\FK
.
.LHG\QDGXĪHMVWDFMLDXWREXVRZHMV]XNDP\DXWREXVXPDMąFHJRQDV]DEUDüZRNUH-
ĞORQ\P NLHUXQNX U]HF]ą QDMEDUG]LHM ZVND]DQą MHVW QLH F]\WDü ĪDGQ\FK QDSLVyZ -DN
ZV]ĊG]LH QD FDá\P ĞZLHFLH NRPXQLVW\F]QH VWDFMH DXWREXVRZH ]DRSDWU]RQH Vą WDNĪH
ZSHZQąOLF]EĊQDSLVyZNWyU\FKWHRUHW\F]Q\P]DGDQLHPMHVWLQIRUPRZDQLH5yĪQLFD
MHGQDNSRPLĊG]\QDSLVHP]HVWDFML*UH\KRXQGDDW\PL]NRPXQLVW\F]QHJRGZRUFDMHVW
SURVWDQDSLHUZV]\PQDSLV\FRĞ]QDF]ąQDGUXJLPQDSLV\QLH]QDF]ąQLFDQLF:OLF]-
Q\FK]DĞZ\SDGNDFK]QDF]ąFRĞZUĊF]SU]HFLZQHJRQLĪJáRV]ą
.RU]HQLH WHJR VWDQX U]HF]\ WNZLą Z GRNWU\QLH -XĪ EDUG]R ZF]HĞQLH /HQLQ L MHJR
ZVSyáSUDFRZQLF\ GRV]OL GR ZQLRVNX ĪH ZVSyá]DOHĪQRĞü SRPLĊG]\ VáRZHP SLVDQ\P
D SUDZGą OXE FKRüE\ W\ONR VSUDZG]DOQRĞFLą ]DZDUW\FK Z SLĞPLH WUHĞFL MHVW ]XSHáQLH
DTP by SHADE 41
QLHLVWRWQDMHĞOLQLHZUĊF]V]NRGOLZDGODGREUDJUXS\OXG]LG]LHUĪąF\FKZáDG]ĊZLPLĊ
UHDOL]DFMLNRPXQL]PX1LNWQLJG\QLHPLDáĪDGQHJRSRĪ\WNX]ZLDURJRGQRĞFLZSROLW\FH
/HQLQUR]XPLDáWRGRVNRQDOHLZNRQVHNZHQFMLGDáRWRSRF]ąWHNWHPXFRG]LĞQD]\ZD
VLĊSURSDJDQGąDFRZNRPXQL]PLH]DVWĊSXMHZLHG]ĊQDXNĊOLWHUDWXUĊLZV]HONLHFRP-
PXQLFDWLRQPHGLDGRNXS\Z]LĊWH*G\QDSDUDG]LHSLHUZV]RPDMRZHMZLGDüSRZLHORQ\
ZQLHVNRĔF]RQRĞüLQLHVLRQ\SU]H]W\VLąFHSDUDGXMąF\FKWUDQVSDUHQW]QDSLVHPÄ1LHFK
Ī\MHZáDG]DOXGX´²QLNWGRNRáDáąF]QLH]PĊĪDPLVWDQXQDWU\EXQLHKRQRURZHMQLH
F]\WD JR QLH X]\VNXMH ]HĔ DQL LQVSLUDFML DQL LQIRUPDFML SR SURVWX JR QLH GRVWU]HJD
.DĪG\ ZLH GREU]H ĪH Z NRPXQL]PLH OXG QLH PD ĪDGQHM ZáDG]\ ZLĊF SREáDĪOLZą QLH
]ZUDFDQLHXZDJLQDWUHĞüWUDQVSDUHQWXMHVWMHG\Q\PSUDáZLGáRZ\PGRĔVWRVXQNLHP
1LHRGU]HF]\MHVWVS\WDüWHJRNWRJRQRVLF]\WUDQVSDUHQWMHVWFLĊĪNLLZ\UD]LüUDGRĞü
JG\]DS\WDQ\SRZLHĪHPRĪQDZ\WU]\PDüOHF]VáRZDQDWUDVSDUHQFLHLLFK]QDF]HQLH
SR SURVWX QLH LVWQLHMą GOD QLNRJR -HĞOL QD WUDQVSDUHQFLH ZLGQLHMH VáRZD Ä:V]\VF\ GR
ZDONLRZ\SHáQLHQLHSODQXJRVSRGDUF]HJR´²NDĪG\ZLHĪH]DOHFHQLHWDNLHQDOHĪ\SR
SURVWXXSU]HMPLH]LJQRURZDüDOERZLHPSODQMHVWF]\VWDE]GXUD]DNWyUDMHJRDXWRU]\
SyMGą]DSDUĊODWGRZLH]LHQLD QLJG\ QLH]RVWDQLHZ\SHáQLRQ\QLHPDQLF ZVSyOQHJR
]JRVSRGDUNDDZV]\VF\EĊGąURELOLZV]\VWNRĪHE\QLHPLHü]QLPQLFZVSyOQHJR]D
FRNRPXQLĞFLEĊGąLFKRNUXWQLHSU]HĞODGRZDü
-HVWZLĊFU]HF]\ORJLF]QąLRF]\ZLVWDGODNDĪGHJRNWRSRĪ\áZNRPXQL]PLHFKRüE\
SDUĊGQLRUD]SRWUDILNRMDU]\üGRĞZLDGF]HQLDLZ\FLąJDü]QLFKZQLRVNLĪHWRFRQDSLVD-
QHLQDZLGRNXSXEOLF]Q\PáąF]QLH]QDSLVDPLQDGZRUFXDXWREXVRZ\PPDWDNąVDPą
ZDUWRĞü MDN SROLW\F]QH KDVáR QD WUDQVSDUHQFLH 7D ]DVDGD Ī\FLD QLH ]DZLRGáD MHV]F]H
QLNRJR Z NRPXQL]PLH D MHM VWRVRZDQLH FLąJQLH VLĊ EDUG]R GDOHNR ER DĪ GR QDSLVyZ
]QD]ZDPLXOLF-HĞOLZRJURPQ\P1RZ\P-RUNXMHVWW\ONRMHGQDXOLFDNWyUHMRILFMDOQD
GHQRPLQDFMDQLH]JDG]DVLĊ]QD]ZąSRZV]HFKQLHXĪ\ZDQąSU]H]OXGQRĞüWRZNDĪG\P
NRPXQLVW\F]Q\P PLHĞFLH MHVW LFK G]LHVLąWNL -HG\Q\P Z\MĞFLHP ] V\WXDFML MHVW SU]HWR
S\WDüVLĊOXG]LRFRĞQDNDĪG\PNURNX6WąG²MHG\QąQDMEOLĪV]ąLQIRUPDFMąZNUDMX
NRPXQLVW\F]Q\P MHVW PLPR ZV]HONLFK XáRPQRĞFL QDWXU\ OXG]NLHM LQIRUPDFMD SU]HND-
]\ZDQD]XVWGRXVW&]\OLGRĞüVĊG]LZDPHWRGDNWyUDMXĪQDDWHĔVNLHMDJRU]HEXG]LáD
GDOHNRLGąFH]DVWU]HĪHQLDFRGRVZHMSUHF\]ML
7RWHĪ SU]HPLHU]DMąF SROVNL GZRU]HF DXWREXVRZ\ Z SRV]XNLZDQLX ² GDMP\ QD WR
²DXWREXVXGR:DUV]DZ\]P\OHQL]DĞUyĪQ\PLZVND]yZNDPLQDW\NDP\VLĊZNRĔFX
SU]H]F]\VW\SU]\SDGHNQDDXWREXVÄ'R:DUV]DZ\´QDMSURVWV]HGRĞZLDGF]HQLHXF]\
QDVĪHE\QLHZVLDGDü,QVW\QNWPyZLQDPĪHLQIRUPDFMDWDPRĪHRGSRZLDGDüSUDZ-
G]LHDPRĪHLQLH]DĞV]DQVĊQDRE\GZDUR]ZLą]DQLDVąLGHDOQLH]UyZQRZDĪRQH1DOHĪ\
VLĊSU]HWR]DS\WDüLWRNLONDUD]\DWDNĪHEDUG]RZ\UDĨQLHDNFHQWXMąFVáRZD3\WDüQD-
OHĪ\QDMUyĪQLHMV]\FKOXG]LXQLNDMąFVWDUDQQLHRVREQLNyZRZ\JOąG]LHV]RIHUyZNRQGXN-
WRUyZRUD]LQQ\FKRG]LDQ\FKZPXQGXU\VáXĪE\UXFKX3\WDQLHOXG]LSRGHMU]DQ\FKRMD-
NLNROZLHNVWRVXQHNVáXĪERZ\]DXWREXVDPLMHVWEH]FHORZHER]QDWXU\U]HF]\QLF]HJR
QLHZLHG]ąDQLQLHPRJąZLHG]LHüDQLQLHFKFąZLHG]LHü1DZHWMHĞOLVąĪ\F]OLZLLRSD-
QRZDQL FKĊFLą QLHVLHQLD SRPRF\ LFK GREUD ZROD DQXORZDQD MHVW SU]H] LFK NRPSOHWQą
GH]RULHQWDFMĊ²SU]\URG]RQ\VWDQXP\VáRZ\NDĪGHJR]DWUXGQLRQHJRZNRPXQLVW\F]QHM
LQVW\WXFML,VWQLHMHMHGQDNHZHQWXDOQRĞüJRUV]DDPLDQRZLFLHĪHS\WDMąF\]RVWDQLH]X-
SHáQLHP\OQLHSRLQIRUPRZDQ\DWR]F]WHUHFKPRĪOLZ\FKSRZRGyZ
²]JáXSRW\²PLVW\NDPXQGXUXZNUDMDFK]XQLIRUPL]RZDQ\FKVSUDZLDĪHF]áR-
ZLHNZPXQGXU]HXZDĪDVLĊ]DFRĞRZLHOHOHSV]HJRRGNDĪGHJRF]áRZLHNDZF\ZLOQ\P
XEUDQLXZROLSU]HWRXG]LHOLüNUDĔFRZREáĊGQHMLQIRUPDFMLQLĪSU]\]QDüVLĊĪHF]HJRĞ
QLHZLHLSRQLĪ\üVLHELHLPXQGXU
² ]H ]PĊF]HQLD ² OXG]LRP SUDFXMąF\P EH] Z\WFKQLHQLD Z FLĊĪNLFK ZDUXQNDFK
ZV]\VWNRFLąJOHVLĊP\OLQLHSRQRV]ąRQLĪDGQHMRGSRZLHG]LDOQRĞFL]DVZąLJQRUDQFMĊ
LWUXGQRMHVWPLHüRQLąGRQLFKSUHWHQVMĊ
²]UR]JRU\F]HQLD²QLHZROQLF]DSUDFDEH]SUDZDSURWHVWXVSUDZLDĪHOXG]LHRSD-
QRZDQLVąUR]SDF]OLZDFKĊFLąURELHQLDQD]áRĞüLQQ\POXG]LRPLXSDWUXMąXOJĊZEH]-
DTP by SHADE 42
P\ĞOQ\PGUĊF]HQLXEOLĨQLFK
² ] EUDNX F]DVX ² ĞPLHV]QLH QLVNLH ]DURENL QLH Z\VWDUF]DMąFH QD ]DVSRNRMHQLH
SLHUZV]\FKSRWU]HEVSUDZLDMąĪHOXG]LHREDUF]HQLQDZHWQLH]Z\NOHRGSRZLHG]LDOQ\PL
IXQNFMDPLFLąJOH]DMĊFLVąF]\PĞ]JRáDLQQ\P²QSVSU]HGDĪąZyGNLZ\SODWDQLHPNR-
V]\NyZOXENUDG]LHĪąW\FKF]ĊĞFLZ\SRVDĪHQLDNWyUHPRĪQDVSU]HGDüQDZROQ\PU\QNX
²LQLH]QRV]ąĪHE\LPSU]HV]NDG]DQRJáXSLPLS\WDQLDPL
6WąGS\WDMąFNRJRQLHQDOHĪ\QLH]PLHUQLHáDWZRMHVW]QDOHĨüVLĊZDXWREXVLHLGą-
F\P Z ]XSHáQLH RGZURWQ\P NLHUXQNX L RGNU\ü WR GRSLHUR SR SU]HMHFKDQLX  PLO
1DWRPLDVWS\WDQLH]DGDQHQDZHWQDMEDUG]LHMRGHUZDQHPXRGVZ\FK]DMĊüIXQNFMRQD-
ULXV]RZLZPXQGXU]HDOHSRSDUWHMDNDĞPDQLIHVWDFMąF]áRZLHF]HĔVWZD²QDSU]\NáDG
ZUĊF]HQLHPSDF]NLSDSLHURVyZOXEV]DOLNDGRUDĨQLH]GMĊWHJR]V]\LLRILDURZDQHJRVHU-
GHF]Q\PJHVWHPPDMąF\PR]QDF]DüZV]HFKOXG]NąVROLGDUQRĞüSUROHWDULDWX²SU]\QLHĞü
PRJąQDGHUSR]\W\ZQHUH]XOWDW\)XQNFMRQDULXV]QDW\FKPLDVWRSXĞFLVZRMDSODFyZNĊ
EH] Z]JOĊGX QD ZDJĊ L GRQLRVáRĞü Z\NRQ\ZDQ\FK ZáDĞQLH IXQNFML NRQWUROD ELOHWyZ
SU]HJOąG PRWRUX LWG  XGD VLĊ Z VRELH W\ONR ZLDGRP\P NLHUXQNX DE\ SRUR]PDZLDü
]VRELHW\ONR]QDQ\PLOXGĨPLSRF]\PZUyFL]GRNáDGQąLQIRUPDFMą1LHPQLHMLZWHG\
QDOHĪ\QDWUĊWQLH]QDFLVNLHPLNLONDUD]\SRZWyU]\üÄ$OHF]\MHVWSDQQDSHZQRSH-
ZLHQĪHWHQZáDĞQLHRWRDXWREXVMHG]LHGR:DUV]DZ\"´²LGRSLHURJG\IXQNFMRQDULXV]
]UR]ĪDOHQLHPXGHU]\VLĊZSLHUVLLJáRVHPQDEU]PLDá\Pá]DPLDZRáDÄ3DQLHNRFKDQ\
&]\ĪWDNNU\V]WDáRZRXF]FLZ\F]áRZLHNMDNMDPyJáE\RV]XNDüWDNSU]\]ZRLWHJRF]áRZLH-
NDMDNSDQ"'DMĊSDQXRVRELVWHVáRZRKRQRUXĪHWHQDXWREXVMHG]LHGR:DUV]DZ\-HVW
WRVáRZRKRQRUXSUDZHJRF]áRZLHNDDQLHMDNLHMĞWDPSDĔVWZRZHMLQVW\WXFML«´:WDNLP
Z\SDGNXQLHGRVWU]HJDMąFĪDGQ\FKR]QDNSLMDĔVWZDXUR]PyZF\PRĪQD]]DXIDQLHP
ZVLąĞüGRDXWREXVX
3R]RVWDMHS\WDQLHGODF]HJRDXWREXVQRVLQDSLVÄ'R:DUV]DZ\´VNRURZFDOHWDP
QLHMHG]LHW\ONRZ]XSHáQLHLQQHPLHMVFH"1DMSURVWV]ąRGSRZLHG]LąMHVWQLHGEDOVWZR
SHUVRQHOXDSU]\F]\QQLHGEDOVWZDMHVWQLJG\QLHNRĔF]ąFDVLĊLORĞü$OHLVWQLHMąLJáĊE-
V]HX]DVDGQLHQLD=MDNLFKĞVRELHW\ONRZLDGRP\FKSRZRGyZQDF]HOQLNVWDFMLF]\NLH-
URZQLNUXFKXXZDĪDLĪDXWREXV]QDSLVHPÄ:DUV]DZD´SRZLQLHQVWDüQDR]QDF]RQ\P
PLHMVFXPLPRĪHZFDOHGR:DUV]DZ\QLHSRMHG]LH:LĊFDXWREXV]RVWDMHSRGVWDZLRQ\
1LNW]SRGZáDGQ\FKQLHEĊG]LHVLĊGRS\W\ZDáGODF]HJRDQLW\PPQLHMVSLHUDá]GHF\]Mą
QDF]HOQLND F]\ NLHURZQLND ZV]\VF\ RG GDZQD SU]\]Z\F]DMHQL Vą GR EH]VHQVRZQ\FK
UR]SRU]ąG]HĔ]DĞQDZHWQDMEDUG]LHMVXUUHDOLVW\F]QH]OHFHQLHSU]\MPRZDQHMHVW]UH]\-
JQDFMDLQLNRJRQLHG]LZL:LĊFDXWREXVVWRL:W\PF]DVLHSRZRG\GHF\]MLQDF]HOQLNDRG
GDZQDVWUDFLá\]QDF]HQLHDOERRQVDPRQLFK]DSRPQLDá$OHDXWREXVVWRLERLPZ\ĪV]\
LZDĪQLHMV]\NLHURZQLNNRPXQLVW\F]QHJRSU]HGVLĊELRUVWZDW\PPQLHMV]HPDRQSRMĊFLH
FRVLĊZMHJRSU]HGVLĊELRUVWZLHG]LHMH$LPPQLHMV]HPDRQRW\PSRMĊFLHW\PEDUG]LHM
G]LDáDQLHMHJRRSDUWHMHVWRDXWRU\WHWSDUWLLLSROLFMLSROLW\F]QHMFRVSUDZLDĪHZV]\VF\
VLĊJRĞPLHUWHOQLHERMąLW\PPQLHMVNáRQQLEĊGąNZHVWLRQRZDüMHJRGHF\]MHRQ]DĞERL
VLĊZV]\VWNLFKVLHG]LZVZ\PELXU]HRGL]RORZDQ\V]F]HOQLHRGVZHJRNROHNW\ZXLQLJG\
QLHSU]\V]áRE\PXGRJáRZ\GRNRQ\ZDüMDNLFKĞLQVSHNFMLQDSRZLHU]RQ\PVRELHWHUHQLH
:WHQVSRVyEDXWREXVQLHMDGąF\QLJG]LHDOHRSDWU]RQ\ZQDSLV]HVWDFMąGRFHORZą
]RVWDMHMDNRĞ]LQVW\WXFMRQDOL]RZDQ\²QLHVáXĪ\QLF]HPXDOHWHĪLQLHSU]HV]NDG]DQL-
NRPXZLĊFQLNRPXQLFGRWHJR%\ZDĪHWHQNWRZ\GDáUR]ND]F]\]OHFHQLHQDF]HOQLN
F]\NLHURZQLNRGGDZQDMXĪMHVWZ\U]XFRQ\]SLMDF\DOERVLHG]LZZLĊ]LHQLXDOHXVWD-
QRZLRQ\SU]H]QLHJRFDáNLHPLUUDFMRQDOQ\VWDQU]HF]\WUZDLĪ\MHĪ\FLHPZáDVQ\P
1DSLV\PDMąE\WWZDUG\]ZáDV]F]DZĞUyGOXG]LNWyU]\ZRJyOHQDQLHQLH]ZUDFDMą
XZDJL)DNWĪHQDGMDNLPĞVNOHSHPZLVLQDSLVÄ0DWHULDá\SLĞPLHQQH´E\QDMPQLHMQLH
R]QDF]DĪHVSU]HGDMHVLĊZQLPU]HF]\VáXĪąFHGRQDSLVDQLD3RQLHZDĪNUDMHNRPXQL-
VW\F]QHĪ\MąZSHUPDQHQWQ\PNU\]\VLHJRVSRGDUF]\PLZV]\VWNLHJRMHVW]DZV]HEUDN
SU]HWRQDSLVWDNLR]QDF]DSRSURVWXPLHMVFHZNWyU\PQLHPDSDSLHUXDWUDPHQWXSLyU
RáyZNyZNRSHUWLWG=DFKRG]LWHG\S\WDQLHFRZQLPMHVW"2WyĪF]DVDPLPRĪQDZQLP
GRVWDüĪDUyZNLHOHNWU\F]QHERZNRPLVMLSODQRZDQLDNWRĞGRV]HGáGRZQLRVNXĪHVNRUR
DTP by SHADE 43
SLVDüQLHPRĪQDSRFLHPNXZLĊFĪDUyZNDMHVWPDWHULDáHPSLĞPLHQQ\P2F]\ZLĞFLHQD
WHMVDPHM]DVDG]LHWUXGQRMHVW]QDOHĨüĪDUyZNLZVNOHSDFKHOHNWURWHFKQLF]Q\FKJG]LH
MHVW]DWRPDĞüSU]HFLZRSDU]HQLRPERMDNZLDGRPRPRĪQDVLĊSRUD]LüSUąGHPHOHN-
WU\F]Q\PMHVWZW\P]UHV]WąMDNDĞSRWĊĪQDDQW\ORJLNDNWyUąF]áRZLHNXF]\VLĊZNRĔFX
SRVáXJLZDüLNWyUąR]GDELDGUREQ\PLXSU]HMPRĞFLDPL-DNZRZHMKLVWRULLROHNNRQLHGR-
ZLG]ąFHMVWDUXV]FHZ3UDG]HNWyUDZHV]áDGRVNOHSX]PLĊVHPLVS\WDáDF]\MHVWPDVáR
Ä7XQLHPDPLĊVDV]DQRZQDSDQL´RGSDUá]Z\V]XNDQąJU]HF]QRĞFLąVSU]HGDZFD3R
F]\PGRGDáZVND]XMąFQDGUXJąVWURQĊXOLF\Ä0DVáDQLHPDZWDPW\PVNOHSLH´
.
-DNSU]HFLZVWDZLDüVLĊ
D ZPáRG\PZLHNX
.
0áRG\ZLHNMHVWZVSDQLDá\PF]DVHPSU]HFLZVWDZLDQLDVLĊ8SRMHQLDLUR]NRV]HRSRUX
Sá\QąZWHG\]JáĊERNRSU]HĪ\ZDQHJRSU]HNRQDQLDĪHĞZLDWPRĪHDQDZHWPXVLE\ü
]PLHQLDQ\:SUDZG]LHZNRPXQL]PLHPáRG\F]áRZLHNSU]HNRQ\ZDVLĊV]\ENRRW\PMDN
FLĊĪNRLQLHEH]SLHF]QLHMHVWE\üW\PNWyU\]DELHUDVLĊGR]PLHQLDQLDĞZLDWDOHF]XURNL
EXQWXSR]RVWDMąQLH]DWDUWH2G]DUDQLDĞZLDGRPLHVIRUPXáRZDQHMP\ĞOLLXĞZLDGRPLR-
QHMFKĊFLMHMZ\SRZLHG]HQLDF]áRZLHNZNRPXQL]PLHVWDMHZREHFGUĊF]ąFHJRG\OHPDWX
NWyUHJR MHGQ\P F]áRQHP MHVW LPSHUDW\Z VSU]HFLZX GUXJLP ]DĞ ² ĞZLDGRPRĞü MDáR-
ZRĞFLVSU]HFLZX']LHFLĔVWZRV]NRáDSLHUZV]HODWDGRMU]DáRĞFLXF]ąĪHQLHPDVHQVX
SU]HFLZVWDZLDüVLĊJG\ĪNDĪG\RSyUVND]DQ\MHVW]JyU\QDNOĊVNĊ7UDG\FMHRSRUXQLH
LVWQLHMąZQDXFHKLVWRULLQLHPDRQLFKQDMGUREQLHMV]HMZ]PLDQNLJáXFKRRQLFKZSUD-
VLHZOLWHUDWXU]HZNLQLH:URG]LQLHF]\ZĞUyGSU]\MDFLyáZVSRPLQDVLĊRQLFKF]DVHP
OHF]W\ONRMDNRyNDWDVWURIDFKRVRELVW\FKHJ]\VWHQFMDFK]DSU]HSDV]F]RQ\FKZZLĊ]LH-
QLDFKOXEZNUDĔFRZHMQĊG]\3RNROHQLDRGFLĊWHVąRGLQQ\FKSRNROHĔQDZHWEH]SRĞUHG-
QLRMHSRSU]HG]DMąF\FK3DWU]HQLHZVWHF]QLF]HJRQLHGDMH]UyĪQLFRZDQLHVW\ORZHHSRN
LJHQHUDFMLQLHLVWQLHMHODWDGZXG]LHVWHQLF]\PQLHUyĪQLąVLĊRGWU]\G]LHVW\FKDWHĪRG
SLĊüG]LHVLąW\FK²QLHRGUyĪQLDLFKDQLSLRVHQNDDQLURG]DMVSyGQLF\DQLDUFKLWHNWXUD
-HĞOLZSRNROHQLXSRSU]HGQLPEXQWRZDQRVLĊSRNROHQLHQDVWĊSQHQLFRW\PQLHZLHQL-
JG]LHQLHPDĞODGXRZ\GDU]HQLDFKGUXNRZDQDLQIRUPDFMDRQLFKQLHLVWQLHMHSXEOLF]QLH
QLHZROQRRW\PZVSRPLQDü/LWHUDWXUDQLHMHVWZVWDQLHSU]HQLHĞü]QDNyZEXQWXDQL
SDPLĊFL R EXQFLH ]DEyMF]D HIHNW\ZQRĞü NRPXQLVW\F]QHM FHQ]XU\ XQLFHVWZL QDMRJOĊG-
QLHMV]ąDOX]MĊ1DMJáĊEV]HLQDMRGZDĪQLHMV]HNVLąĪNLQDSLVDQHZNRPXQL]PLHQLHUH-
MHVWUXMąLQQ\FKREMDZyZRSRUXQLĪSV\FKLF]QR²PRUDOQ\VSU]HFLZMHGQRVWNLZUDPDFK
ZáDVQHMGXV]\1DMEDUG]LHMSUDZLLZROQLZVZ\PSLVDUVWZLHSLVDU]HQDZHWSLV]ąFEH]
QDG]LHLQDSXEOLNDFMĊVZ\FKG]LHáVąWDN]DIDVF\QRZDQLQLHPRĪOLZRĞFLąSU]HFLZVWDZLD-
QLDVLĊĪHQDZHWUR]ZDĪDMąFORVF]áRZLHNDZNRPXQL]PLHF]\GRVWU]HJDMąF]áRZQDM-
SURVWV]\POXG]NLPGRĞZLDGF]HQLXRVWURĪQLHHOLPLQXMąMDNąNROZLHNUHMHVWUDFMĊGUJQLĊü
RSRUXZRWDF]DMąFHMLFKU]HF]\ZLVWRĞFL
:NUDMDFK(XURS\ZVFKRGQLHMWUDG\FMDEXQWyZSU]HFLZSU]HPRF\MHVWERJDWDLXZD-
ĪDQD]DZVSDQLDá\GRUREHNKLVWRU\F]Q\QDURGyZ7RWHĪZSRF]ąWNDFKHU\NRPXQLVW\F]-
QHMJG\NáDPVWZRLQĊG]DNRPXQL]PXREMDZLá\VLĊZVFKRGQLP(XURSHMF]\NRPZVZ\P
FDá\PPDMHVWDFLHEUDNVNRQNUHW\]RZDQHJRVSRáHF]QLHFLąJáHREHFQHJRRSRUXZ5RVML
Z\GDZDáVLĊOXG]LRPU]HF]ąQLH]UR]XPLDáą1LHGDZQHZVSRPQLHQLD]DFLHNáHMZDONLSU]H-
FLZKLWOHURZVNLHMW\UDQLLZNWyUHMĪDGQHRNUXFLHĔVWZDQDMHĨGĨFyZQLHSRWUDILá\Z\NRU]H-
QLüZFLąĪQDUDVWDMąFHJRRSRUX]GDZDá\VLĊZVND]\ZDüGURJĊ:\VWDUF]\áRMHGQDNSDUĊ
ODW ]DOHGZLH E\ VSRáHF]HĔVWZD ZVFKRGQLRHXURSHMVNLH XĞZLDGRPLá\ VRELH ĪH ZáDG]D
Z UĊNDFK NRPXQLVWyZ VWDQRZL JURĨQLHMV]H QLHEH]SLHF]HĔVWZR RG KLWOHU\]PX ĪH FHOH
LSUDNW\NDNRPXQL]PXVąEDUG]LHMOXGREyMF]HQLĪHNVWHUPLQDF\MQHV]DOHĔVWZRQD]LVWyZ
0LPRWRDPRĪHZáDĞQLHGODWHJRQLHSRZVWDáĪDGHQUXFKRSRUXFKRüE\RGOHJáHSU]\SR-
PLQDMąF\DQW\KLWOHURZVNąNRQFHQWUDFMĊ]ELRURZHJRZ\VLáNX
5R]FLąJDMąF VZą ZáDG]Ċ QDG (XURSą ZVFKRGQLą 5RVMDQLH OLNZLGRZDOL ] ]LPQą ]D-
FLHNáRĞFLą ZV]\VWNLH RĞURGNL ZDONL SU]HFLZ +LWOHURZL RVNDUĪDMąF OXG]L NWyU]\ SU]H] 
DTP by SHADE 44
ODWZDOF]\OLSRERKDWHUVNX]1LHPFDPLOXEJQLOLZRER]DFKNRQFHQWUDF\MQ\FKRWRĪH
Z JUXQFLH U]HF]\ E\OL RQL QLHPLHFNLPL DJHQWDPL SU]H]QDF]RQ\PL GR ZDONL ] NRPXQL-
]PHP %\á WR SURVWDFNL FKZ\W RSDUW\ R EUXWDOQą ]DVDGĊ GLDOHNW\F]Qą ZHGáXJ NWyUHM
NDĪG\ X]EURMRQ\ QLHNRPXQLVWD PXVL E\ü ] QDWXU\ U]HF]\ DQW\NRPXQLVWą NDĪG\ ]DĞ
DQW\NRPXQLVWD HR LSVR IDV]\VWRZVNLP EDQG\Wą 2ND]DáR VLĊ ZNUyWFH ĪH WDP JG]LH
Z VąG]LH L Z UHGDNFML JD]HW\ VLHG]L IXQNFMRQDULXV] WHM VDPHM SROLFML SROLW\F]QHM NWyUD
Z\ĞOHG]LáD L DUHV]WRZDáD Z\PLDU VSUDZLHGOLZRĞFL SU]HUDG]D VLĊ Z WUDJLF]Qą SDURGLĊ
=GXPLRQHVSRáHF]HĔVWZDRJOąGDá\ZLĊFZPDVV±PHGLDSU]HG]LZQHSURFHV\OXG]LNWy-
U]\ SU]H] FDáą ZRMQĊ GDZDOL GRZRG\ EH]SU]\NáDGQHJR KHURL]PX L RILDUQRĞFL D WHUD]
VLHG]LHOLQDJOHVNXOHQL]HVWUDFKXQDáDZDFKRVNDUĪRQ\FKSU]\]QDMąFVLĊGRQDMEH]VHQ-
VRZQLHMV]\FK]DU]XWyZUHF\WXMąFJURWHVNRZRĞPLHV]QHOLWDQLHVZ\FKDEVXUGDOQ\FKZLQ
L SU]HVWĊSVWZ Z\VáXFKXMąF\FK EH] VáRZD SURWHVWX NDU\NDWXUDOQ\FK X]DVDGQLHĔ Z\UR-
NyZ/XG]LHF]\WDOLZJD]HWDFKRNVLĊĪDFKNWyU]\VSĊG]LOLQLHVND]LWHOQHĪ\FLHZVáXĪELH
%RĪHMWHUD]]DĞQDáDZLHRVNDUĪRQ\FKSU]\]QDZDOLVLĊGR]DPRUGRZDQLDSRGU]XWNDSáFL
ĪHĔVNLHM OXE VáXFKDOL Z UDGLR JáRVyZ VáDZQ\FK SURIHVRUyZ IL]\NL VDPRRVNDUĪDMąF\FK
VLĊZ:DUV]DZLH3UDG]HL%XGDSHV]FLHĪHSU]H]FDáHĪ\FLHE\OLDJHQWDPLZRMVNRZHJR
Z\ZLDGX+RQGXUDVX3RF]\POXG]LHFL]QLNDOLLFKWUXS\Z\ZRĪRQHE\á\QRFą]SLZQLF
SROVNLHMF]HVNLHMF]\ZĊJLHUVNLHMSROLFMLSROLW\F]QHMLQLNWSR]DLFKURG]LQDPLQLJG\MXĪ
RQLFKQLHZVSRPLQDá
:WHG\WHĪVSRáHF]HĔVWZD]UR]XPLDá\LQVW\QNWRZQLHGODF]HJRSU]H]ODW]5RVMLQLH
GRFKRG]Lá\ĪDGQHZLHĞFLRVSRáHF]QLHVSUDZG]DOQ\PRSRU]HPLPRĪHRSyUSV\FKLF]Q\
SU]HFLZNRPXQL]PRZLVWDQRZLWDPWDNLVDPWOHQLVWQLHQLDMDNZV]ĊG]LHJG]LH]DSDQRZDá
NRPXQL]P'RĞZLDGRPRĞFLVSRáHF]HĔVWZSU]HQLNQĊáRSDUDOLĪXMąFHUR]H]QDQLHNRPXQL-
VW\F]QHMWHFKQRORJLLZáDG]\NWyUDVIRUPXáRZDáDL]DVWRVRZDáD7$.QLHOXG]NLHRGF]\QQL-
NLUR]NáDGXOXG]NLHMZROLZ\QDOD]áD7$.QRZHPHWRG\QDUNRW\]RZDQLDFDá\FKQDURGyZ
VWUDFKHP L SRF]XFLHP MDáRZRĞFL HJ]\VWHQFML L EH]VHQVRZQRĞFL Ī\FLRZ\FK IXQNFML ĪH
SRZROLMDNE\SU]\SRPRF\MDNLHMĞSRWZRUQHMDQW\F]áRZLHF]HMFKHPLLZ\ZDELáD]GXV]\
OXG]NLHMRGUXFKSURWHVWXDZLĊFLQWHQFMĊRSRUX²XQLFHVWZLDMąFW\PVDP\PZ]DOąĪNX
HZHQWXDOQ\DNWRSRUX%H]EU]HĪQDSRJDUGDGODSUDZG\LSUDZGRSRGRELHĔVWZDSU]\-
QRVLáD RZRFH DEVXUG Z\JQDQ\ EH]OLWRĞQLH ] OLWHUDWXU\ L V]WXNL VWDZDá VLĊ Z UĊNDFK
ILOR]RILF]Q\FKPRQLVWyZSU]HNRQDQ\FKĞZLĊFLHRWHRORJLF]Q\FKZDUWRĞFLDFKEXGRZDQH-
JRSU]H]QLFKĞZLDWDQDMVNXWHF]QLHMV]\PQDU]ĊG]LHPZáDG]\QDGXVWĊSXMąF\PLREH]-
ZáDGQLRQ\PL XP\VáDPL :VFKRGQL (XURSHMF]\F\ SRMĊOL QD F]\P SROHJD SU]HUDĪDMąFD
Z\ĪV]RĞüVNUDMQHMOHZLF\NWyUD]GRE\áDZáDG]ĊLVWRVXMHWHUURUGODMHMXWU]\PDQLDQDG
VNUDMQąSUDZLFąNWyUDGODXWU]\PDQLDVLĊSU]\ZáDG]\W\ONRPDVRZR]DELMD3RZROQH
PHWRG\F]QH XQLFHVWZLDQLH F]áRZLHF]HĔVWZD SU]H] ]Z\FLĊVNą OHZLFĊ SRZRGXMH SDUDOLĪ
KHURL]PXZVáXĪELHSU]HFLZVWDZLDQLDVLĊLGHRPPRUDOQRĞFLSROLW\F]QHMLV\VWHPRPU]ą-
G]HQLDQLH]QDQ\GRWąGOXG]NRĞFL
$SU]HFLHĪFLąJOHF]\WDP\ZJD]HWDFKRW\PĪHNWRĞVLĊSU]HFLZVWDZLD1LHXVWDMąFR
QDW\NDP\VLĊQDGRZRG\LVWQLHQLDRSRUX7XLyZG]LHL]RORZDQHJUXSNLLQWHOHNWXDOLVWyZ
L VWXGHQWyZ SURWHVWXMą RSLHUDMą VLĊ =MDZLVN W\FK QLH QDOHĪ\ PLHV]Dü ]H VSRQWDQLF]-
Q\PLHNVSOR]MDPLRWZDUWHJREXQWXMDNLHPLDá\PLHMVFHGRUDĨQLHZ%HUOLQLH3R]QDQLX
%XGDSHV]FLHZFLąJXRVWDWQLFKODW(UXSFMHWHXĞZLDGRPLá\ĞZLDWXĪHVSRáHF]HĔVWZD
QLH]JDG]DMąVLĊQDNRPXQL]PPLDá\RQHGRQLRVáH]QDF]HQLHLFKVNXWNLE\ZDá\UyĪQH
L QLH]E\W GRQLRVáH : 3ROVFH SU]\QLRVá\  ODWD áDJRGQLHMV]HJR NOLPDWX SROLW\F]QHJR
:%HUOLQLHVSRZRGRZDá\U]XFHQLHQDU\QHN]QDF]QHMLORĞFLWRZDUyZNRQVXPSF\MQ\FK
1D :ĊJU]HFK SR NUZDZHM KHNDWRPELH SU]\QLRVá\ Z]JOĊGQą VWDELOL]DFMĊ JRVSRGDUF]ą
EH]áDGQ\FK NRQFHVML SROLW\F]Q\FK .RPXQL]P QLH ERL VLĊ EXQWyZ ]EURMQ\FK DQL SR-
ZVWDĔ²ZLHĪH]DZV]HVRELH]QLPLSRUDG]LRWZDUWDUHZROWDMHVWQLHPRĪOLZDSU]HFLZ
ZVSyáF]HVQHMWHFKQRORJLLZVáXĪELHZVSyáF]HVQHJRWRWDOL]PXDGHPRNUDW\F]Q\=DFKyG
ZNLONDPLHVLĊF\]DSRPQLRQDMNUZDZV]\FKUHSUHVMDFK
1DSUDZGĊNRPXQL]PERLVLĊW\ONRSLVDU]\VWXGHQWyZLL]RORZDQ\FKVND]DQ\FKQD
]DJáDGĊOLEHUDáyZ:LHĪHVąRQLW\PGHSR]\WHPQLH]DOHĪQHMP\ĞOLSRNWyU\QLHPRĪQD
DTP by SHADE 45
VLĊJQąüP\ĞO]DĞMHVWRZąSU]HVWU]HQLąQDNWyUHMUR]HJUDVLĊRVWDWHF]QDZDOND0\ĞO
PRĪQD XNU\ü JáĊERNR L SU]HFKRZDü GáXJR MHVW WR WHU\WRULXP QDG NWyU\P QLH PRĪQD
UR]FLąJDüNRQWUROL²DEUDNNRQWUROLR]QDF]DNOĊVNĊNRPXQL]PX6WąGFHOHPQDM]DZ-
]LĊWV]\FKDWDNyZSODQRZDQ\FKSU]H]QDMEH]Z]JOĊGQLHMV]HV]WDE\MHVWP\ĞOF]áRZLHND
2G]DFLHNáHJRLRNUXWQHJRJZDáFHQLD]QLHZDODQLDLREH]ZáDGQLDQLDP\ĞOLNRPXQL]PQLH
RGVWąSLQLJG\8Ī\MHNDĪGHJRĞURGNDE\MąVRELHSRGSRU]ąGNRZDüQDZHWMHĞOLGURJDGR
WHJRSURZDG]LSRSU]H]]EURGQLF]HZ\MDáRZLHQLHVSURV]NRZDQLHLDEVXUGDOQHRGF]áRZLH-
F]HQLHP\ĞOL.RPXQL]PERLVLĊQLHW\ONRP\ĞOLVIRUPXáRZDQHMERLVLĊWDNĪHMHMEDUG]LHM
UXG\PHQWDUQ\FKSRVWDFLMDNLPSXOVVNáRQQRĞüF]\XSRGREDQLHÄ*G\SRND]\ZDáHPUH-
SURGXNFMĊREUD]X%UDTXH¶DG]LHFLRPNWyUHQLJG\ZĪ\FLXQLHZLG]LDá\QLF]HJRLQQHJR
SR]D/HQLQHP]JLSVXSRUWUHWDPL6WDOLQDF]\PDORZLGáDPLVRFUHDOLVW\F]Q\FKPDODU]\
W\ONRMHGHQFKáRSF]\NSRZLHG]LDáÄ7RáDGQH´DF]NROZLHNQLHSRWUDILáX]DVDGQLüGODF]H-
JRWRPXVLĊSRGRED$OHMHGHQE\á«´²RSRZLDGDáNLHG\ĞSHZLHQSROVNLKLVWRU\NV]WXNL
.RPXQL]PXVWDZLáVDPVLHELHZV\WXDFMLPRUDOQR±LGHRZHMNWyUHMORJLNDXF]\JRĪHDE\
XWU]\PDüVLĊXZáDG]\PXVLRQDOERZ\NRU]HQLü]WHJRFKáRSFDWRFRPXVLĊ]DOHGZLH
SRGREDDOERJR]DELü,QDF]HMFKáRSLHFEĊG]LHUR]VDGQLNLHPDQW\NRPXQL]PX:LĊFNR-
PXQL]PZ\ELHUDGUXJLHUR]ZLą]DQLHZQLRVNXMąFSRSUDZQLHĪHQLHVSRVyEGRZLHG]LHü
VLĊ R LPSXOVDFK L XSRGREDQLDFK ZV]\VWNLFK SRGGDQ\FK 3RQLHZDĪ MHGQDN QLH PRĪQD
Z\PRUGRZDüZV]\VWNLFKVZ\FKSRGGDQ\FKZLĊFSRGGDMHLFKFLĞQLHQLRPSV\FKLF]Q\P
RLQWHQV\ZQRĞFLLZV]HFKREHFQRĞFLQLH]QDQHMGRWąGZKLVWRULLVSRáHF]HĔVWZ:WHQVSR-
VyEVWDUDVLĊ]DELüLFKP\ĞO&]\OLLFKF]áRZLHF]HĔVWZR
6WDUDVLĊOHF]EH]VNXWHF]QLHJG\ĪPRĪQDIL]\F]QLHUR]WU]DVNDüDSDUDWP\ĞOHQLD
OHF]P\ĞOL]DELüQLHPRĪQD:\VQXüVWąGPRĪQDRSW\PLVW\F]QąNRQNOX]MĊĪH²ZSHU-
VSHNW\ZLHKLVWRULL²NRPXQL]PVND]DQ\MHVWQDQLHXFKURQQąNOĊVNĊ
&]áRZLHN GHPRNUDW\F]QHJR =DFKRGX QLH MHVW Z VWDQLH Z\REUD]Lü VRELH U]HF]\ZL-
VWRĞFL Z NWyUHM QLH PRĪQD F]HJRĞ Z\SRZLHG]LHü VWZLHUG]Lü SXEOLF]QLH F]\ RJáRVLü
7\PF]DVHPWXĪRERNQLHJRZĞZLHFLHVNXUF]RQ\PGRUR]PLDUyZSDUXJRG]LQQHJRORWX
]:DV]\QJWRQXGR0RVNZ\Ī\MąOXG]LHRGOHJOLRGQLHJRRF]DVRSU]HVWU]HĔMDNDG]LHOL
ZF]HVQH ĞUHGQLRZLHF]H RG ZROQ\FK Z\ERUyZ EXUPLVWU]D 1RZHJR -RUNX 1LH W\ONR QLH
PRJąRQLPyZLüFRXZDĪDMą]DZáDĞFLZHGRSRZLHG]HQLDDOHQLHZROQRLPWDNĪHP\ĞOHü
LQDF]HMQLĪPDMąWRSU]HSLVDQHSU]H]SROLW\F]Q\NDQRQU]ąG]ąF\LFKĪ\FLHP:W\PPLHM-
VFXZROQ\RF]\V]F]RQ\]QDURĞOLZLHORZLHNRZ\FK]DKDPRZDĔREFLąĪHĔLNRQZHQDQVyZ
F]áRZLHNGHPRNUDW\F]QHJR=DFKRGXSRZLHÄ7RQRQVHQV-DNPRĪQDVWZRU]\üZDUXQNL
ZNWyU\FKF]áRZLHNQLHPRĪHSRP\ĞOHüFRFKFH"3U]HFLHĪP\ĞOHQLHQLHMHVWSURFHVHP
VSRáHF]Q\POHF]SV\FKLF]Q\P&]áRZLHNP\ĞOLFRFKFHPyZL]DĞFRXZDĪD]DVWRVRZ-
QHZGDQHMV\WXDFML-HĞOLQLHFKFHF]HJRĞSRZLHG]LHüWRWHJRQLHPyZL´7\PVDP\P
F]áRZLHN=DFKRGX]DNáDGDZROQ\Z\EyUZ\SRZLHG]HQLDWHJRFRFKFHMDNRQLHQDUXV]DOQ\
DNVMRPDW:\NOXF]DRQLVWQLHQLHU]HF]\ZLVWRĞFLZNWyUHMWDNLZROQ\Z\EyUQLHLVWQLHMH
1LHPQLHMWDNDU]HF]\ZLVWRĞüMHVWIDNWHPWDNLPVDP\PMDNMHJRQLH]GROQRĞüSRMĊFLD
WHJRIDNWX-HĞOLVáRZRMHVWQDWXUDOQ\NRQVHNZHQFMąP\ĞOLWRZNRPXQL]PLHQDVWĊSXMH
]DVDGQLF]H ]DáDPDQLH VLĊ WHM ZVSyá]DOHĪQRĞFL FR Z RF]\ZLVW\ L FDáNLHP QRZ\ VSRVyE
GHWHUPLQXMHLP\ĞOLVáRZR0RĪHQDMGRELWQLHMXMąáWR]MDZLVNRZVáRZDZ\ELWQ\SLVDU]
URV\MVNLSRVZHMXFLHF]FHQD=DFKyGSLVDáRQ
Ä1DMEDUG]LHM QRUPDOQH QDMEDUG]LHM QDWXUDOQH QDMEDUG]LHM LVWRWQH ]H ZV]\VWNLFK
SUDJQLHĔPyZLHQLHSUDZG\OXEWHJRFRVLĊP\ĞOL²MHVWZ5RVML6RZLHFNLHM]DSRPQLD-
Q\PLQLHUHDOQ\PVQHP3RGF]DVFDáHJRVZRMHJRĞZLDGRPHJRĪ\FLDF]áRZLHNZNRPXQL-
]PLHĪ\MHZVWUDFKXDE\QLHSRZLHG]LHüF]HJRĞF]HJRQLHQDOHĪ\JáRĞQRZ\SRZLHG]LHü
«´
7RĪHVąU]HF]\MDNLFKQLHQDOHĪ\JáRĞQRPyZLüVWDQRZLRQLHZROLP\ĞOLZZLĊNV]\P
VWRSQLX QLĪ WR ĪH Vą U]HF]\ NWyU\FK QLH ZROQR JáRĞQR PyZLü 6WUDFK SU]HG VDP\P
VREąSU]HLVWDF]DVLĊZZHZQĊWU]QąVDPRNRQWUROĊRGF]áRZLHF]DMąFąF]áRZLHNDZVWRS-
QLX JURĨQLHMV]\P QLĪ SROLW\F]Q\ ]DND] Z\SRZLDGDQLD QLHGR]ZRORQ\FK SRJOąGyZ :RO-
QRĞüP\ĞOLPRĪHE\üSUREOHPHPSV\FKRORJLF]Q\PDOHMDNR]DVDGDVSRáHF]QD]DNáDGD
DTP by SHADE 46
PRĪQRĞü D QDZHW NRQLHF]QRĞü ZROQHM Z\SRZLHG]L *G\ SLHUZVL $PHU\NDQLH GHNODUR-
ZDOLZROQRĞüVXPLHQLDMDNRQDF]HOQąZDUWRĞüGODNWyUHMRSXV]F]DOLVZHNUDMHURG]LQQH
Z(XURSLHL]NWyUHM]DPLHU]DOLXF]\QLüNDPLHĔZĊJLHOQ\Ī\FLDZ1RZ\PĝZLHFLH²PLHOL
RQLQDP\ĞOLPRĪQRĞüRWZDUWHJRSU]\]QDQLDVLĊGRWHJRĪHVąSXU\WDQDPLNZDNUDPL
QRQNRQIRUPLVWDPL:NRPXQL]PLHNRáRFRIQLĊWH]RVWDáRRODWZVWHF]ZROQRĞüVX-
PLHQLDXFKRG]LH[RIILFLR]DSV\FKLF]Q\WUąG6XPLHQLHF]áRZLHNDQLHQDOHĪ\GRQLHJR
OHF]GRNODV\VSRáHF]QHMSU]HGUHZROXFMąLPDE\üV]WXF]QLHSUHIDEU\NRZDQHSRUHZR-
OXFMLZFRĞFRZ]QLRVLHQD]\ZDVLĊSU]\QDOHĪQRĞFLąVSRáHF]QąIDNW\F]QLH]DĞVWDQRZL
V]WXF]QLH Z\NRQF\SRZDQ\ SU]H] WHRUHW\NyZ SROLW\NyZ L DGPLQLVWUDWRUyZ SU]HSLV QD
F]áRZLHND-HVWZLĊFU]HF]ąQDWXUDOQąĪHP\ĞOLF]áRZLHND²WDNMDNMHJR]DFKRZDQLH
SUDZDRERZLą]NLSU]HV]áRĞüWHUDĨQLHMV]RĞüLSU]\V]áRĞü²SRGOHJDMąĞFLVáHMNRG\ILNDFML
LQLHXVWDMąFHPXNV]WDáWRZDQLXF]áRZLHNZNRPXQL]PLHQLHUR]ZLMDVLĊVDPQLHIRUPXMH
JRĪ\FLHQLHRNUHĞODMąJRGUXG]\EOLVF\PXOXG]LH&]áRZLHNDZNRPXQL]PLHVWZDU]D
SU]HSLVUHFHSWDNDUWNDSDSLHUXSU]HSLV\ZDQDFRG]LHQQLHSU]H]VSHFMDOQLHSU]H]QDF]R-
Q\FKGRWHJR]DGDQLDSODQLVWyZNWyU]\SRMĊFLDQLHPDMąRNV]WDáFLHQRVDIDNW\F]QHJR
F]áRZLHNDNRORU]HMHJRRF]XEyODFKEU]XFKDQDVWURMDFKVPXWNXLWUDSLąF\FKJRWUR-
VNDFK:LHG]DWD]UHV]WąQLHQDOHĪ\GRLFKRERZLą]NyZLIDNW\QLFLFKQLHREFKRG]ąDOH
]DVWU]HJDMą RQL VRELH DEVROXWQą ZáDG]Ċ QDG UHJXORZDQLHP ZV]\VWNLHJR FR F]áRZLHND
GRW\F]\QDZHWNV]WDáWXMHJRQRVDMHĞOLWRX]QDMą]DVWRVRZQH
=UHZROWRZDQH PáRGH SRNROHQLD FKURQLą VLĊ ]DZV]H ]D FRĞ F]HJR QLH GRVWDMą RG
Ī\FLDF]HJRQLHPRJąGRVWDüZGDQHMFKZLOLF]HJRLPZáDĞQLHQLHZROQR=DND]VWDQR-
ZLGODQLFKWDUF]ĊNWyUąWU]\PDMąSU]HGVREąSRVXZDMąFVLĊGRSU]RGXZEXQW*G\E\
QLHE\áR]DND]XQLHE\áRE\SRWU]HE\EXQWXVWąG]DND]MHVWUyZQLHZDĪNLLFHQQ\MDN
VDPEXQW:áDĞFLZRĞFLą]DND]XZGHPRNUDFMDFKMHVW]D]Z\F]DMMHJRFKZLHMQRĞüSRáR-
ZLF]QRĞüSRNRQ\ZDOQRĞü,VWQLHMHLQVW\WXFMRQDOQLH]DáRĪRQDPRĪOLZRĞüSU]HáDP\ZDQLD
]DND]X7DPRĪOLZRĞüVSUDZLDĪHEXQWPáRG\FKQD=DFKRG]LH]DZLHUDZVRELHUyZQLH
ZLHOHZDORUXPRUDOQHJRMDNLQLH]E\WF]\VW\FKFKZ\WyZEąGĨ]Z\NáHJRQDGXĪ\FLDLVW-
QLHMąF\FKVZREyGLVDPRZROLSU]HGVWDZLDQHMMDNRFQRWD-HĞOLQDSU]\NáDGMDNDĞJUXSD
VSRáHF]QDPDSUDZQHLIDNW\F]QHPRĪOLZRĞFLSRVWĊSXLUHDOL]RZDQLDVZ\FKFHOyZOHF]
MHM SRV]F]HJyOQL F]áRQNRZLH QLH X]\VNXMą RGSRZLHGQLFK ² Z LFK ZáDVQ\P SU]HNRQD-
QLX ² RVLąJQLĊü QD VNXWHN QDMF]ĊĞFLHM LQG\ZLGXDOQ\FK PDQNDPHQWyZ MHGQRVWNL WH
áąF]ąVLĊZUXFK7HQV]HUV]\]ZLą]HNMHGQRVWHN]NROHLSURNODPXMHĪHJUXSLHFRĞMHVW
RGPyZLRQHLSU]HGVWDZLDMHGQRVWNRZHF]ĊVWRSU\ZDWQHQLHGRERU\LNOĊVNLMDNREáĊG\
V\VWHPXVSRáHF]QR²SROLW\F]QHJREąGĨ]ZDODZLQĊQDLQQHJUXS\VSRáHF]QHRVNDUĪD-
MąFMHRF]ĊVWR]PLWRORJL]RZDQHSU]HĞODGRZDQLD1LHPQLHMWDNVSUHSDURZDQHSUHWHQVMH
RWU]\PXMąZSUDZLGáRZRIXQNFMRQXMąF\FKGHPRNUDFMDFKGRVWDWHF]QąLORĞüXZDJLUR]-
JáRVXLUHNODP\DE\SU]HNV]WDáFLüVLĊZW]ZSUREOHPVSRáHF]Q\EDGDQ\LUR]ZLą]\ZDQ\
ZUDPDFKRJyOQRVSRáHF]Q\FKNRQLHF]QRĞFLLSULRU\WHWyZ:WHQVSRVyEUXFK\VSRáHF]QH
²ZLĊNV]HPQLHMV]HLFDáNLHPPDáHVáXV]QHQLHVáXV]QHLZUĊF]NDU\NDWXUDOQH²URG]ą
VLĊZGHPRNUDFMDFKQD]DVDG]LHQLH]QLV]F]DOQHMSHUSHWXXPPRELOHLVWDQRZLąRQLHGR-
VNRQDáHM GRVNRQDáRĞFL GHPRNUDFML R MHM ZLHF]QHM PáRGRĞFL L G\QDPL]PLH QLH ]DZV]H
UDFMRQDOQ\POHF]QDRJyá]DZV]HSFKDMąF\PĞZLDWGRSU]RGX
7HQVWDQU]HF]\MHVWQLHGRSRP\ĞOHQLDZNRPXQL]PLH-HĞOLZGHPRNUDFMDFKZROQRĞü
Z\SRZLHG]LQLHMHVWUyZQR]QDF]QD]RVLąJQLĊFLHPSROLW\F]QHJRF]\VSRáHF]QHJRFHOX
QLHR]QDF]DDXWRPDW\F]QHMUHDOL]DFMLSRVWXODWXWRSU]HFLHĪ]DZV]HVWDQRZLNRQNUHWQ\
SXQNWZ\MĞFLDGODSU]HREUDĪHĔ3U]HFLZVWDZLDQLHVLĊWHG\ZZDUXQNDFKGHPRNUDW\F]-
Q\FKMHVWSRMĊFLHPVSUHF\]RZDQ\P7DPJG]LHQLHPDZROQRĞFLZ\UDĪDQLDSU]HNRQDĔ
]DND]ZNUDF]DZPHWDIL]\NĊDSU]HFLZVWDZLDQLHVLĊQDELHUDQLHVNRĔF]RQRĞFLPĊWQ\FK
QLHMDVQ\FK ]QDF]HĔ 7DP JG]LH LVWQLHMH QLHSRGZDĪDOQD Z SRMĊFLX ZáDGFyZ ]DVDGD
WHJRFROXG]LRPZROQRDF]HJRQLHZROQRJG]LHZáDG]DQDGXP\VáHPOXG]NLPX]XUSXMH
VRELHSU]\ZLOHMQDZHWGRXVWDQDZLDQLDSU]HSLVXQDSU]HFLZVWDZLDQLHVLĊWHMZáDG]\U]H-
F]\ZLVW\RSyU]DVáRQLĊW\MHVWF]ĊVWRSR]RUQ\PRSRUHPLORĞüRGFLHQLRSRUXMHVWQLHGR
XVWDOHQLDDVDPDNWRSRUX]RVWDMHEH]QDG]LHMQLHVNRUXPSRZDQ\L]GHNRPSRQRZDQ\
DTP by SHADE 47
:RNUHVLHVWDOLQL]PXFKáRSLHFQRV]ąF\QDJáRZLHFUHZFXWDQLHVWDOLQRZVNąIU\]XUĊÄQD
MHĪD´OXEG]LHZF]\QD]NRĔVNLPRJRQHPXFKRG]LOLQDXQLZHUV\WHWDFK]DKHURLF]Q\FK
QRQNRQIRUPLVWyZEH]Z]JOĊGXQDWRZFRZLHU]\OLLMDNLHZ\JáDV]DOLRSLQLH,FKXF]HVD-
QLHE\áRDNWHPSU]HFLZVWDZLDQLDVLĊOHF]LQWHUSUHWDFMDWHJRDNWXPRJáDE\üUyĪQRUDND
0RĪQDZQLPE\áRZLG]LHüRSyUSU]HFLZ]DVDGRPLNU\WHULRPPRĪQDWHĪE\áRGRVWU]HF
Z QLP NDPXIODĪ GOD SURSDJRZDQLD NRPXQL]PX Z DWUDNF\MQLHMV]HM SRVWDFL 3RPLĊG]\
RE\GZRPDSU]\SXV]F]HQLDPL]DZLHUDáDVLĊQLHVNRĔF]RQRĞüPRĪOLZ\FKRGFLHQLGRJPDW
ZNRPXQL]PLHMHVWERZLHPWDNZ\PLHQQ\MDNILOWHUZVDPRFKRG]LH²JG\VLĊ]XĪ\MH
Z\U]XFDVLĊJRL]DVWĊSXMHQRZ\PGRJPDWHP6WąGMHĞOLZSHZQ\FKV\WXDFMDFKKLVWR-
U\F]Q\FKLSROLW\F]Q\FKNRPXQL]PSRWU]HEXMH]MDZLVNRSRUXPDQLIHVWDFMLRSRUXZWHG\
RUJDQL]XMHVRELHRSyUSRGĞFLVáąNRQWUROą&HOVWZDU]DQLDSR]RUyZRSRUXMHVWGZRMDNL
DOERWU]HEDVLĊZ\ND]DüWROHUDQFMąGODRSRUXZREHFQLHNRPXQLVW\F]QHJRĞZLDWDDOER
LVWQLHMHSRWU]HEDSURZRNDFML²F]\OLV]WXF]QHJRVWZRU]HQLDRJQLVNDRSRUXGODZGURĪH-
QLDRNUXWQ\FKUHSUHVMLZFHODFKSHGDJRJLF]Q\FKF]\G\GDNW\F]Q\FK7HVFKHPDW\QD-
VXZDMąS\WDQLHUyZQLH]DVDGQLF]HMDNGOD]DFKRGQLRGHPRNUDW\F]QHMXP\VáRZRĞFLQLH-
]UR]XPLDáH D PLDQRZLFLH FR RSLHUDMąF\P VLĊ L SU]HFLZVWDZLDMąF\P PáRG\P OXG]LRP
ZNRPXQL]PLHZROQRDF]HJRLPQLHZROQR"
2GSRZLHGĨMHVWSURVWDQLHZROQRLPQLF]HJRQDWRPLDVWZROQRLPQLH]DJUDĪDüLVW-
QLHMąFHPXSRU]ąGNRZL,FKHZHQWXDOQ\RSyUMHĞOL]DMG]LHMHJRSRWU]HEDPDE\üRNUH-
ĞODQ\V]F]HJyáRZRSU]H]SRZRáDQHGRWHJRRUJDQ\NRQWUROLMDNDSDUDWSDUW\MQ\LSROL-
FMDEH]SLHF]HĔVWZD0LQLPDOQHSU]HNURF]HQLHZ\]QDF]RQ\FKJUDQLFSRZRGXMHUHSUHVMH
NWyU\FKSHUILGLLF\QL]PXLEH]Z]JOĊGQRĞFLF]áRZLHN=DFKRGXQLHSRWUDILVRELHZ\REUD]Lü
DQL]UR]XPLHü0ĊW\VSRáHF]QHDOIRQVLLNU\PLQDOLĞFLSU]HEUDQLSRGWURVNOLZ\PRNLHP
SROLFMLSROLW\F]QHM]DÄURERWQLNyZ´ZG]LHUDMąGRDXG\WRULyZXQLZHUV\WHFNLFKZNWyU\FK
VWXGHQFL U]HNRPR G\VNXWXMH SUREOHP\ QLH GR]ZRORQ\ GR G\VNXVML L ELMą ZV]\VWNLFK
REHFQ\FK²VWXGHQWyZLSURIHVRUyZ²GRXWUDW\SU]\WRPQRĞFLDĪGRZ\SDGNyZFD-
áRĪ\FLRZHJR NDOHFWZD 1D]\ZD VLĊ WR VSRQWDQLF]Q\P JQLHZHP OXGXZ REURQLH VZRMHM
SDUWLLLMHMLGHDáyZ:PDUFXURNXJG\SROVF\VWXGHQFLSURWHVWRZDOLSU]HFLZEH]-
SUDZQHPXDUHV]WRZDQLXVZRLFKNROHJyZÄURERWQLF\´]DELOLFLĊĪDUQąVWXGHQWNĊWUDWXMąF
MąEXWDPLQDĞPLHUüQDEUXNXXOLF\*D]HW\ZDUV]DZVNLH]JRGQLHRSLVDá\WHQLQF\GHQW
MDNRÄXQLHV]NRGOLZLHQLHDJHQWD&,$SU]H]REXU]RQ\FKSURZRNDFMąURERWQLNyZ´'áXJR-
OHWQLHZ\URNLZLĊ]LHQLDL]HVáDQLHGRRER]yZNRQFHQWUDF\MQ\FKVą]Z\NáąRGSRZLHG]Lą
NRPXQL]PXVWXGHQWRPNWyU]\SUDJQą]DGDüS\WDQLDZáDG]\SROLW\F]QHMLUHSUH]HQWR-
ZDQHPXSU]H]HĔĞZLDWRSRJOąGRZL1DMOĪHMV]ąNDUąMHVWUHOHJDFMD]XF]HOQLR]QDF]DMąFD
SU]HNUHĞOHQLHUD]QD]DZV]HZV]HONLFKDPELFMLĪ\FLRZ\FKDOERZLHPZV]\VWNLHXQLZHU-
V\WHW\QDOHĪąGRSDĔVWZDF]\OLGRU]ąGXLXVXQLĊFLH]MHGQHJRSRZRGXMHDXWRPDW\F]-
QLH QLHSU]\MPRZDQLH ÄZLQQHJR´ SU]H] LQQH 5yZQLH SRSXODUQą NDUą MHVW SU]\PXVRZH
ZFLHODQLHGRZRMVNDQDRNUHVQLHR]QDF]RQ\SU]HFLąJDMąF\VLĊZSUDNW\FHGR±ODW
ERW\ONRZRMVNRDQLHXVWDZ\F]\SU]HSLV\GHF\GXMHNLHG\]ZROQLüWDN]ZHUERZDQHJR
ĪRáQLHU]D
0áRG\ EXQWRZQLN QD =DFKRG]LH Z\VWĊSXMąF SU]HFLZ NDSLWDOLVW\F]QHM GHPRNUDFML
F]XMHVLĊSR]DMHMV\VWHPHPZUD]]PRPHQWHPSU]\MĊFLDNRPXQLLVZHJREXQWXĩ\MH
ZQLPZDOF]ąF]QLPNDĪGąVZąP\ĞOąNDĪG\PVáRZHPDF]ĊVWRNURüNDĪG\PF]\QHP
8ZDĪDVLĊ]DV]WXUPXMąFHJR]]HZQąWU]MDNąĞSRWĊĪQąIRUWHFĊNWyUHMZHZQĊWU]QHSUDZD
PRUDOQHLUDFMRQDOQHQLHRERZLą]XMąJR-HVWWR]DG]LZLDMąFDVSHF\ILNDGHPRNUDFMLĪH
PRĪQD Z QLHM Ī\ü SU]HFLZ QLHM RGU]XFDMąF ZV]\VWNR FR MHM D PLPR WR SURVSHURZDü
NRU]\VWDü]MHMSU]\ZLOHMyZQLHF]XüVLĊ]DJURĪRQ\PDQLMDNRRVREDDQLMDNRRE\ZDWHO
:SU]HG]LZQ\VSRVyEGHPRNUDFMHJZDUDQWXMąFDáąSRWĊJĊLVNXWHF]QRĞüQLHQDZLG]HQLD
W\PNWyU]\LFKQLHQDZLG]ąLSUDJQą]QLV]F]\ü6ąWRVWDQ\LXF]XFLDQLH]QDQHVSU]HFL-
ZLDMąFHPXVLĊNRPXQL]PRZL Z NRPXQL]PLH&]XMąFUR]SDF]OLZLH VZyMVSU]HFLZL VZą
QLHQDZLĞüGRNRPXQL]PXF]XMHVLĊRQMHGQDN]DZV]HRWRF]RQ\REH]ZáDGQLRQ\LZFKáR-
QLĊW\SU]H]V\VWHP6]\ENRWHĪGRFKRG]LGRZQLRVNXĪHMHĪHOLXGDPXVLĊNLHG\NROZLHN
FRĞ]PLHQLüEĊG]LHWR]PLDQDZUDPDFKV\VWHPX²LWDNąHZHQWXDOQRĞü]DF]\QDXZD-
DTP by SHADE 48
ĪDü]DPDNV\PDOQLHPRĪOLZHRVLąJQLĊFLH:QLRVHNWDNLSURZDG]LJRGRSRVWDZ\UHZL-
]MRQLVW\&RWRMHVWUHZL]MRQL]PZ\PDJDMHGQDNRGG]LHOQHJRRPyZLHQLD
&LHNDZDURODSU]\SDGDZWDNLPXNáDG]LHRUJDQL]DFMRPPáRG]LHĪRZ\P*G\E\ZUD-
PDFKMDNLHMĞSRZLHĞFLRZHMIDQWD]MLXGDáRVLĊDPHU\NDĔVNLHPXVWXGHQWRZLZNUDĞüQD]H-
EUDQLHRUJDQXSDUW\MQHJRGHF\GXMąFHJRRG]LDáDOQRĞFLRUJDQL]DFMLPáRG]LHĪRZ\FKZNR-
PXQL]PLHSU]HĪ\áE\RQV]RN]NWyUHJRQLHRWU]ąVQąáE\VLĊMXĪQLJG\*G\E\SUyERZDá
RW\PRSRZLDGDüNROHJRPQDDPHU\NDĔVNLPFDPSXVLH²]DELOLE\JROXEZSDNRZDOLGR
V]SLWDOD ZDULDWyZ 2UJDQL]DFMD V]NROQD F]\ VWXGHQFND Z NUDMX NRPXQLVW\F]Q\P MHVW
W\ONRMHGQDLPD]XSHáQ\PRQRSROZHZV]\VWNLFKV]NRáDFKLQDZV]\VWNLFKXQLZHUV\WH-
WDFK3UyE\RUJDQL]RZDQLDLQQ\FKRUJDQL]DFMLVą]DND]DQHQLHOHJDOQHLNDUDQHGáXJR-
OHWQLPZLĊ]LHQLHPEH]Z]JOĊGXQDZLHNRVNDUĪRQHJRZ3ROVFHLQD:ĊJU]HFKVND]\ZD-
QR±OHWQLFKFKáRSFyZQD±OHWQLHZLĊ]LHQLH]D]ELHUDQLHVLĊZSU\ZDWQ\FKGRPDFK
LVáXFKDQLHDPHU\NDĔVNLFKSá\WMD]]RZ\FKFR]DF]DVyZVWDOLQRZVNLFKRNUHĞODQHE\áR
SU]H] SROLFMĊ SROLW\F]Qą MDNR G]LDáDOQRĞü Z\ZURWRZD = NROHL QLH]DZLVáRĞü F]\ QDZHW
DXWRQRPLDRILFMDOQHMRUJDQL]DFMLPáRG]LHĪRZHM²PLPRĪHSURNODPRZDQDQDNDĪG\P
NURNXZRILFMDOQ\FKGHNODUDFMDFK²MHVW]XSHáQąILNFMą2UJDQL]DFMDWDNDQLHMHVWSU]H]
PáRG]LHĪVWZRU]RQDSU]HFLZQLHMHVWWZRUHPOXG]LVWDUV]\FKF]ĊVWRFDáNLHPVWDU\FK
MHVWSU]H]QLFKZ\P\ĞORQD]DSODQRZDQD]DRSDWU]RQDZLGHRORJLĊFHOH]DGDQLDSROL-
W\NĊWDNW\NĊDQDZHWLGHDá\FRG]LHQQHJRĪ\FLDLZ]RU\SRVWĊSRZDQLD1LHQDOHĪ\RQD
GRPáRG]LHĪ\OHF]PáRG]LHĪQDOHĪ\GRQLHM3RMĊFLDWDNSRWRF]QHZGHPRNUDFMDFKMDN
UR]GĨZLĊNPLĊG]\SRNROHQLDPLF]\RGUĊEQ\LQWHUHVPáRG]LHĪ\QLHPDMąZQLHMSUDZD
E\WXVą]DND]DQHMHMDNW\ZLVWRPZSXEOLF]Q\FKUR]ZDĪDQLDFKSRGJURĨEąVXURZ\FKNDU
3DUWLD NRPXQLVW\F]QD XZDĪD VLĊ ]D MHG\QHJR UHSUH]HQWDQWD ZV]\VWNLFK EH] Z\MąWNX
ZLĊFPáRG]LHĪ\LG]LHFLDĪGRQRZRURGNyZZáyF]QLH6WąGNRQIOLNWPLĊG]\SRNROHQLRZ\
MHVWZMHMSRMĊFLXZ\P\VáHPLSRGVWĊSHPEXUĪXD]\MQ\FKLGHRORJyZXVLáXMąF\FKUR]áD-
GRZDü@VROLGDUQRĞüNODVRZąZLPLĊZ\LPDJLQRZDQ\FKNRQWUUHZROXF\MQ\FKSRG]LDáyZ
:HGáXJ3DUWLLGRVNRQDáD]ELHĪQRĞüLQWHUHVyZLVWQLHMHSRPLĊG]\VWXGHQWHPSLHUZV]HJR
URNXELRORJLLDUH]\GHQWHPGRPXVWDUFyZRLOHW\ONRREDMEH]JUDQLF]QLHNRFKDMą3DUWLĊ
6]NROQąRUJDQL]DFMąPáRG]LHĪRZąU]ąG]LZLĊFZVSRVyEG\NWDWRUVNLG]LHOQLFRZ\NRPL-
WHW3DUWLLNWyUHPXSRGOHJDGDQDV]NRáDMHM]HEUDQLDSURZDG]RQHVąSU]H]GRURVá\FK
F]ĊVWR VWDUV]DZ\FK LQVWUXNWRUyZ NWyU]\ SU]\FKRG]ą Z RUJDQL]DF\MQ\FK PXQGXUDFK
F]HUZRQ\FKNUDZDWDFKLWG6ąWRSáDWQLSUDFRZQLF\DSDUDWX3DUWLLW]ZDJLWDWRU]\RG-
NRPHQGHURZDQLGRÄSUDF\]PáRG]LHĪą´,FKWĊSRWDá\VLQ\SVHXGR²G]LDUVNRĞüVSRVR-
EXE\FLDZ]RURZDQDQDZRMVNRZR±NRV]DURZ\FK]DVDGDFKLZDUWRĞFLDFKLXZDĪDQD]D
LGHDá SRVWDZ\ Ī\FLRZHM LFK EH]GXV]QLH UHF\WRZDQH IRUPXáNL SROLW\F]QH KDUPRQL]XMą
JURWHVNRZR]DWPRVIHUąSVHXGR]DSDáXLQLE\RGGDQLDVSUDZLHMDNDSDQXMHRERZLą]NR-
ZRQDWDNLFK]HEUDQLDFKĝOHSHSRVáXV]HĔVWZRDNW\ZLVWyZQDELHUDZNRĔFXFKDUDNWHUX
EH]EáĊGQLH]RUJDQL]RZDQHJRLPEHF\OL]PX-HĞOLZLHU]\üZWRFRPyZLąLGHNODUXMąQD
]HEUDQLDFKZ\QLND]WHJRĪHZLHU]ąLDNFHSWXMąSU]HNRQDQLDL]DVDG\²OHWQLFKSU]\-
ZyGFyZ SDUW\MQ\FK NWyU]\ ZLG]ą L RFHQLDMą G]LVLHMV]\ ĞZLDW ZHGáXJ MHJR SUREOHPyZ
L PRĪOLZRĞFL VSU]HG  ODW 6HNUHWDU]H SDUW\MQL ]H VNOHUR]ą L UHXPDW\]PHP GHF\GXMą
RW\PFRG]LVLHMVLWHHQ±DJHUVPDMąNU]\F]HüQDXOLF]Q\FKPDQLIHVWDFMDFKLMDNLHMPX]\-
NLPDMąVáXFKDü1LHRGU]HF]\EĊG]LHZVSRPQLHüĪHSRVDGDDNW\ZLVW\PáRG]LHĪRZHJR
MHVWGRVNRQDOHSáDWQDLNDĪG\NWR]JDG]DVLĊE\üW]ZSU]\ZyGFąPáRG]LHĪ\LZ\JáDV]Dü
SU]HPyZLHQLDQDSXEOLF]Q\FKPLW\QJDFKL]MD]GDFKÄUHSUH]HQWDQWyZ´SROVNLHMF]HVNLHM
F]\URV\MVNLHMPáRG]LHĪ\RWU]\PXMHVSHFMDOQHSUHPLH]DNDĪG\RNU]\NZ]QLHVLRQ\SU]H-
FLZDPHU\NDĔVNLHPXÄLPSHULDOL]PRZL´
,W\ONRMHGQHJRPáRG\EXQWXMąF\VLĊ$PHU\NDQLQ]D]GURĞFLüPRĪHPáRGHPXSU]H-
FLZVWDZLDMąFHPXVLĊUyZLHĞQLNRZLZNRPXQL]PLH7HQGUXJLWĊVNQL]DNRQNUHWQąZROQR-
ĞFLąLGRP\ĞOLVLĊMHMVPDNX3LHUZV]\SRVLDGDMąF]HJRUH]XOWDWHPMHVWSU]HV\WXWUDWD
VPDNXLWUXGQ\FKUR]NRV]\]GRE\ZDQLDZROQRĞFL1D=DFKRG]LHPáRG]LHĪPDMXĪW\ONR
VH[LSROLW\NĊ1D:VFKRG]LüPáRG]LHĪZDOF]\MHV]F]HRFKOHEVZREyGSU]\NWyU\PVH[
LSROLW\NDVąMDNFLDVWNDNWyUHQLHQDV\FąQLNRJR6WąGyZUR]SDF]OLZ\RNU]\NVWXGHQWD
DTP by SHADE 49
&ROXPELD8QLYHUVLW\SRGF]DVMHGQHJR]UDG\NDOQR±UHZROXF\MQ\FK]HEUDĔ:H¶OOQHYHU
KDYHDUHYROXWLRQL,QWKLVFRXQWU\7RRPDQ\SHRSOHDUHWRKDSS\´1LHV]F]ĊĞFLDUR]-
SDF]\NU]\ZG\MDNRDPXQLFMLGRSU]HZURWyZQLJG\ZNRPXQL]PLHQLH]DEUDNQLH,FK
QDGPLDU]DĞSRZRGXMHĪHOXG]LHVąWDNEH]EU]HĪQLHLRVWDWHF]QLHQLHV]F]ĊĞOLZLLĪQLH-
]GROQLVąGRP\ĞOLRRSRU]HGRZDONLLZ\]ZROHQLDVDP\FKVLHELHRGNRPXQL]PX$OHF]\
EĊG]LHWDN]DZV]H"6áRZDÄ0LĊG]\QDURGyZNL´NRPXQLVW\F]QHJRK\PQXÄ%yMWREĊG]LH
RVWDWQL«´EU]PLąZáDĞQLHQDMIDáV]\ZLHMZNUDMDFKRSDQRZDQ\FKSU]H]NRPXQL]P1DZHW
MHĞOLSU]HFLZVWDZLDQLHVLĊWDPMHVWG]LĞLUUDFMRQDOQąDQDZHWVXUUHDOLVW\F]QąSRVWDZą
GXFKRZą WR ZV]\VF\ MHGQDN WDP ZLHG]ą ĪH .VLĊJD 5RG]DMX QLH ]RVWDáD MHV]F]H ]D-
PNQLĊWDLMDNLHĞERMHEĊGą
.
E :ZLHNXGRMU]Dá\P
.
.RPXQLVWDRLOHMHVWSUDZLGáRZR]RULHQWRZDQ\ZHZáDVQ\PV\VWHPLHZLHU]HĔVS\-
WDQ\RSUDSU]\F]\QĊLVHGQRU]HF]\RGSRZLHKLVWRULD0DUNVL]P]DSRĪ\F]\áRG+HJOD
SRMĊFLHGXFKDG]LHMyZLMDNRE\X]DVDGQLáJRQDXNRZR3HZQLSU]HFLZQLF\+HJODGRZR-
G]LOLĪHNRQFHSFMDGXFKDKLVWRULLMHVWW\ONRLZ\áąF]QLHGRZRGHPZVW\GOLZHMZDG\FKD-
UDNWHUXQLHPLHFNLHJRILOR]RID²LGHDOLVW\DPLDQRZLFLHMHJRQLHSRVNURPLRQHJROHQLVWZD
%ĊGąF VDP FKRUREOLZLH QLH]GROQ\ QDZHW GR SRVPDURZDQLD VRELH FKOHED PDUPRODGą
:LOKHOP)ULHGULFK+HJHOREDUF]\áKLVWRULĊFDáąNRQLHF]QąGRZ\NRQDQLDURERWą:Syá-
WRUD VWXOHFLD SyĨQLHM Z NRPXQL]PLH SUDNW\NRZDQ\P FRG]LHQQLH QD RJURPQ\FK SU]H-
VWU]HQLDFKRG3DF\ILNXGR%HUOLQD]DVDGDWDVWDQRZLJáyZQ\SU]\F]\QĊUR]NáDGXVSR-
áHF]HĔVWZ ]EXGRZDQ\FK SU]H] PDUNVLVWyZ 6NRUR KLVWRULD UHJXOXMH VLĊ VDPRF]\QQLH
MDN QDMQRZV]\ ]HJDUHN V]ZDMFDUVNL QLH L Z\PDJDMąF\ QDNUĊFDQLDZV]\VWNR MHVW ZLĊF
]GHWHUPLQRZDQHSU]H]QLHRGZUDFDOQ\SURFHVDSRMĊFLHWDNLHMDNPRUDOQDRGSRZLHG]LDO-
QRĞü²MHGQRVWNRZDF]\VSRáHF]QD²QDGDMąVLĊQD]áRP:ROQąZROĊMHGQRVWNLPRĪQD
Z\U]XFLüQDĞPLHWQLNHQHUJLD]DĞLSLOQRĞüZZ\NRQ\ZDQLX]DGDĔLHZHQWXDOQHNRU]\-
ĞFLRVRELVWH]QLFKSá\QąFHSDFKQąSRGHMU]DQLHLVąURG]DMHP²GUREQRPLHV]F]DĔVNLHM
V]SHWRW\NWyUąQDOHĪ\]ZDOF]Dü3RSUDZQH]DWHPZ\FLąJDQLHZQLRVNyZ]+HJODGDáR
SR  ODWDFK ]XSHáQą QLHPRĪQRĞü Z\SURGXNRZDQLD SRWU]HEQHM LORĞFL PDVáD QD JáRZĊ
OXGQRĞFLF]\]RUJDQL]RZDQLDNRPXQLNDFMLPLHMVNLHM
6SRáHF]HĔVWZD NRPXQLVW\F]QH VSRZLWH Vą V]F]HOQLH ZH ZV]HFK²SU]HQLNDMąF\ QD-
VWUyMDEQHJDFML.RPXQLVW\F]QHPDVV±PHGLDF]\QLąJRUąF]NRZ\Z\VLáHNE\UR]SURV]\ü
JR WDQGHWQLH VSUHSDURZDQ\P SVHXGRHQOX]MD]PHP F]\ SVHXGRG\QDPLNą OHF] MHJR
EH]QDG]LHMQRĞüLGDUHPQRĞüU]XFDVLĊZRF]\QDZHWQDMWĊSV]HPXOXEQDMEDUG]LHMĪ\F]OL-
ZHPXREVHUZDWRURZL:MĊ]\NXSROVNLPDWPRVIHUDWD]URG]LáDQHRORJL]PQDRNUHĞOHQLH
SRVWDZ\Ī\FLRZHM²EU]PLRQWXPLZLVL]PLSUHF\]XMHSU]\SRPRF\REVFHQLF]QHMPH-
WDIRU\EH]ZáDGQHJR]ZLVDQLDMHG\Q\ZáDĞFLZ\VWRVXQHNGRZV]HFKRJDUQLDMąFHMU]HF]\-
ZLVWRĞFL-HVWZLĊFU]HF]ąQDWXUDOQąĪHSU]HFLZVWDZLDQLHVLĊNRPXQL]PRZLOXG]LGRMU]D-
á\FKZSU]ĊJQLĊW\FKZUXW\QĊFRG]LHQQRĞFLXOHJDWDNLPVDP\PXZDUXQNRZDQLRPMDN
UHV]WD HJ]\VWHQFML 'DMH WR NRPXQL]PRZL ]XSHáQLH QLHRF]HNLZDQ\ DZDQWDĪ DOERZLHP
QD S\WDQLH MDN SU]HFLZVWDZLDü VLĊ Z ZLHNX GRMU]Dá\P" -HG\QD UR]VąGQD RGSRZLHGĨ
EU]PLDF]\ZDUWR"&]\PDWRMDNLĞVHQV"
:NDĪG\PXVWURMXMHGQąLSRGVWDZRZ\FKUyĪQLFSRPLĊG]\PáRGRĞFLąDGRMU]DáRĞFLą
MHVW SRF]XFLH WHJR FR QLHPRĪOLZH 2 LOH MHGQDN Z GHPRNUDFMDFK DEVROXW F]\ ĞZLDGR-
PRĞü QLHRVLąJDOQRĞFL LGHDáyZ Vą ]DJDGQLHQLDPL ILOR]RILF]Q\PL SURZDG]ąF\PL QDMF]Ċ-
ĞFLHM GR UyĪQRURGQ\FK LQWHUSUHWDFML NRPSURPLVX R W\OH Z NRPXQL]PLH SUREOHP\ WH
OąGXMąZ]DNUHVLHSDWRORJLLLQG\ZLGXDOQHMLVSRáHF]QHM6WąGGRMU]HZDQLHNWyUHZGH-
PRNUDW\F]Q\FK]KXPDQL]RZDQ\FKVSRáHF]QRĞFLDFKMHVWJáyZQLHUR]ZRMHPZNLHUXQNX
XPLDUNRZDQ\FKVąGyZLQDG]LHLSU]HPLHQLDVLĊZNRPXQL]PLHZUR]ZyMRWĊSLDMąFHMUH-
]\JQDFML.RPXQL]PQLH]QDSRMĊFLDNRPSURPLVX]QLF]\PDQL]QLNLP²DQL]LGHąDQL
]HVSRáHF]HĔVWZHPDQL]MHGQRVWNą²DOERZLHPUR]VąGHNUG]HĔNRPSURPLVXVWDQRZL
ĞPLHUWHOQH]DJURĪHQLHGRNWU\Q\6WąGOXG]LRPZNRPXQL]PLHGDQDMHVWW\ONRLZ\áąF]QLH
DTP by SHADE 50
PRĪOLZRĞüNDSLWXODFML
5H]\JQDFMDLNDSLWXODFMDZ\PXV]DQHVąQDOXG]LDFKZVSRVyEEUXWDOQ\LSU]\DNRP-
SDQLDPHQFLHSRQLĪDMąF\FKQDLJUDZDĔ]H]GURZHJRVHQVX&]áRZLHNZNRPXQL]PLHF]\WD
FRG]LHQQLHZJD]HWDFKĪHĪ\MHZQDMZROQLHMV]\PXVWURMXSROLW\F]QR±VSRáHF]Q\PĞZLD-
WD ZLHG]ąF DĪ ]D GREU]H ĪH QLH PD SUDZD ZROQHJR Z\ERUX VZ\FKZáDG] DQL QDZHW
SUDZD QDSLVDQLD OLVWX GR UHGDNFML Z WHM VSUDZLH 2GELHUD WR F]áRZLHNRZL JRGQRĞü SR-
SU]H]ZVWUĊWQ\SU]\PXVDNFHSWDFMLNáDPVWZUDĪąFRVSU]HF]Q\FK]MHJRQRUPDOQąSHU-
FHSFMą U]HF]\ZLVWRĞFL , WR ZáDĞQLH URG]L ZLĊFHM JáXFKHM UR]SDF]OLZHM QLHQDZLĞFL QLĪ
PáRG]LHĔF]\ JQLHZ Sá\QąF\ ] QDJá\FK ROĞQLHĔ 0áRG]LHĪ QDZHW QDMEDUG]LHM UR]JRU\-
F]RQDQLHWUDFLQDG]LHL&]áRZLHNZĞUHGQLPZLHNXSRGDMHZZąWSOLZRĞüQDG]LHMĊFR
QLV]F]\JRSV\FKLF]QLHERZLHPWUXGQRMHVWĪ\üZSHáQLVLáEH]QDG]LHL&]áRZLHNVWDU\
Ī\MHEH]QDG]LHLLQLHSR]RVWDMHPXMXĪQLFLQQHJRSUyF]QLHQDZLĞFL1LNWZLĊFQLHQLH-
QDZLG]LWDNVWUDV]OLZLHNRPXQL]PXMDNVWDU]\OXG]LH,FKG]LHFLLZQXNLRLOHSRáNQĊá\
NRPXQLVW\F]QąKRVWLĊDOERFKFąFKRFLDĪE\Ī\üZUDPDFKVZHJRF]DVXQLHĪ\ZLąFVLĊ
W\ONRQHJDFMą]DU]XFDMąLPĪH]E\WáDWZR]DSRPQLHOLRXGUĊNDFKXELHJáHMHSRNLĪHMą
LGHDOL]XMąZHZVSRPQLHQLDFKĪHQLHUR]XPLHMąQRZHM-HVWWRRF]\ZLVW\PVSá\FHQLHP
]MDZLVNDXSURV]F]HQLHPF]HJRĞF]HJRZáDĞQLHVWDU]\OXG]LHQLHSRWUDILąZ\MDĞQLüDWD
QLH]GROQRĞüZ\MDĞQLHQLDZ]PDJDW\ONRLFK]DSLHNáąZURJRĞü$OERZLHPZLHG]ąRQLFRĞ
F]HJRPáRG]LZLHG]LHüQLHPRJąSRVLDGDMąSHUVSHNW\ZĊNáDPVWZDLQDGXĪ\FLDNWyUą
WDN WUXGQR VIRUPXáRZDü L SU]HND]Dü PáRGV]\P NWyUD Z\P\ND VLĊ VáRZRP MDN NDĪGH
GRĞZLDGFHQLHFDáHJRĪ\FLD=QDMąEyOSRUyZQDQLDLPĊNĊSUDZLGáRZHJRZQLRVNXNWyU\
QLHVSRVyEREOHFZVáRZDDOERZLHPWDNMHVWERJDW\ZGRĞZLDGF]HQLH²F]\OLZSUDZGĊ
GDQDLREMDZLRQąVDP\PWUXGHPLVWQLHQLDDZLĊFQLHPRĪOLZąGRQD]ZDQLD
-HG\QąGRVWĊSQąIRUPąVNXWHF]QHJRSU]HFLZVWDZLDQLDVLĊSR]RVWDMH]DWHPSURVWD
XF]FLZRĞü 3R]RVWDMąF W\ONR VREą F]áRZLHN Z NRPXQL]PLH RFDOD VLHELH Z VSRVyE QLH-
VNRPSOLNRZDQ\LSU]\QRV]ąF\SV\FKLF]QąXOJĊ-HVWWRMHGQDNQDMWUXGQLHMV]HZU]HF]\-
ZLVWRĞFLNWyUHMQDMSRWĊĪQLHMV]HPRFHUR]SĊWDQH]RVWDá\ZáDĞQLHZFHOX]QLHNV]WDáFHQLD
F]áRZLHND :DOF]\ü SU]HFLZ QLP PRĪQD ZWHG\ W\ONR JG\ NWRĞ ]JDG]D VLĊ QD ZáDVQą
]DJáDGĊRF]\PGHF\GXMHJáXSRWDOXEKHURL]PQLHZLHOX]DĞOXG]LZĞUHGQLPLVWDUV]\P
ZLHNXVNáRQQ\FKMHVWGRVDPREyMF]HJRKHURL]PXZĪ\FLXFRG]LHQQ\PEH]RNROLF]QRĞFL
V]F]HJyOQ\FK:\PNQąüVLĊPRFRPW\PQLHPRĪQDDOHPRĪQDMHRV]XNDüZ\SURZD-
G]LüZSROH,WRZáDĞQLHRJURPQDZLĊNV]RĞüOXG]LZNRPXQL]PLHVWDUDVLĊURELü
2VLąJD VLĊ WR QDMZ\JRGQLHM SRSU]H] SRGGDQLH VLĊ ]ZDQH SRWRF]QLH VSU]HGDQLHP
VLĊ:áDĞQLHDNW]DSU]HGDQLDVLHELHLVZHJRVXPLHQLDRWZLHUDFDáNLHPQLHSU]HZLG]LDQH
HZHQWXDOQRĞFLRSRUX:WHQVSRVyEFRĞFRX]QDQHPRĪHE\üZVSRVyESURVW\]DQLHJR-
G]LZRĞüVWDMHVLĊF]ĊVWRNURüSXQNWHPZ\MĞFLDGOD]Z\NáHMOXG]NLHMSU]\]ZRLWRĞFL
0RĪQDZLĊFVSU]HGDüVLĊV]F]HU]HUH]\JQXMąF]Ī\FLDZHZQĊWU]QHJRZáDG]\VąG]H-
QLDZáDVQHMP\ĞOLLJRGQRĞFL3RZRGXMHWRĞPLHUüGXFKRZąLRGDUFLHVLĊ²]F]áRZLHF]HĔ-
VWZDRUD]]DSHZQLDVSRNyMSV\FKLF]QHMPDUWZRW\LNRPIRUW]QLHF]XORQHJRVXPLHQLDDOH
E\QDMPQLHMQLHJZDUDQWXMH]DEH]SLHF]HQLDLQWHUHVyZQLHPDERZLHPWDNLHMORMDOQRĞFL
NWyUHM3DUWLDZFKZLOLGRUDĨQHMSRWU]HE\QLHE\áDE\ZVWDQLHSU]HGVWDZLüMDNR]EURG-
QLF]ąQLHORMDOQRĞüLVWUąFLüGHOLNZHQWD]HV]F]\WyZSRZRG]HQLDQDGQRXSDGNX0RĪQD
MHGQDNVSU]HGDüVLĊSR]RUQLH²W]QSU]\MąüVDNUDPHQWDMDNĩ\G]L±0DUUDQL²SR]RVWD-
MąFZLHUQ\PVWDUHMZLHU]HF]\OLZW\PZ\SDGNX²VDPHPXVRELH=DFKRG]LZWHG\]MD-
ZLVNRQLHRF]HNLZDQHDPLDQRZLFLHHOHPHQWZDONLLSU]HFLZVWDZLDQLDVLĊZLPLĊXQLN-
QLĊFLDNWyUHJRQDVWąSLáDNW]DSU]HGDQLDVLĊSRMDZLDVLĊQDJOHZQRZ\PIDVF\QXMąF\P
Z\PLDU]H1LHXVWDQQDREVHVMDVDERWDĪXQLHVFKRG]ąFD]áDPyZSUDV\NRPXQLVW\F]QHM
MHVWZJUXQFLHU]HF]\SURSDJDQGRZ\PĞURGNLHPWHUURU\]RZDQLDPDVOHF]]GDU]HQLD
ZNWyU\FKSR]RUQLHRGGDQ\3DUWLLPDQDJHUXF]RQ\ZRMVNRZ\F]\LQĪ\QLHUF]HNDODWD
FDáHQDVSRVREQRĞüDE\GDüXMĞFLHVZHMVWĊĪDáHMJáĊERNRVNU\WHMQLHQDZLĞFLQLHQDOHĪą
GR U]DGNRĞFL 1LH ZV]\VWNR ]UHV]Wą RGE\ZD VLĊ Z UDPDFK PDNLDZHOLF]QHM VRSKLVWLFD-
WLRQRJURPQDOLF]EDVHNUHWDU]\SDUW\MQ\FKQDZVFKRGQLRHXURSHMVNLHMSURZLQFMLNWyU]\
ELRUąSRWDMHPQLHOXESyáMDZQLHĞOXE\NRĞFLHOQHFKU]F]ąQRZRQDURG]RQHG]LHFLLREFKR-
DTP by SHADE 51
G]ą ĞZLĊWD UHOLJLMQH VWDQRZLą LVWRWQą F]ĊĞü SURFHVX SU]HFLZVWDZLDQLD VLĊ DF]NROZLHN
RQLHFRJURWHVNRZ\P]DFLĊFLX0RĪQDVSU]HGDZDüVLĊRWZDUFLHJáRV]ąFQDWUĊWQLHLNU]\-
NOLZLHVZąORMDOQRĞüLRGGDQLH3DUWLLDZGXFKXĪ\F]\üMHMQDMJRUV]\FKNOĊVNLSU]HNOLQDü
MąQDPLĊWQLH0RĪQDVSU]HGDüVLĊVNU\FLHGHNODUXMąFQDNDĪG\PNURNXLNDĪGHPXZR-
NRáRVZąQLHXIQRĞüGRUHĪ\PX]DĞGRQRVLüMHGQRF]HĞQLHVZRLP]ZLHU]FKQLNRPRW\P
MDNLQQLSOXMąQDUHĪ\P²LURELüNDULHUĊQDGRQRVLFLHOVWZLH0RĪQDMHGQ\PVáRZHP
ZLHOHU]HF]\DPLĊG]\LQQ\PLPRĪQDQLHPLHV]DüVLĊGRQLF]HJRLSRSURVWXSR]RVWDü
XF]FLZ\PF]áRZLHNLHP*LRFLDĪWRMHVWMDNMXĪSRZLHG]LDáHPZáDĞQLHQDMWUXGQLHMV]H
1LHNWyU\PSRPDJDUHOLJLDSU]HĪ\ZDMąFDUHQHVDQVZNRPXQL]PLH1LHMHVWWRRGUR-
G]HQLHMHGQR]QDF]QHDQLHUXSFMDQRZ\FKVLáFRQDMOHSLHMLOXVWUXMHQDVWĊSXMąFDKLVWRULD
ZF]DVLHPV]\ZMHGQ\P]ZDUV]DZVNLFKNRĞFLRáyZJG\PRGOąF\VLĊNOĊNDMąQDERĪQLH
MHGHQ W\ONR F]áRZLHN SR]RVWDMH Z SRVWDZLH VWRMąFHM Ä3URV]Ċ SDQD « ² V]HSF]H NWRĞ
RERN²GODF]HJRSDQQLHNOĊND"´Ä%RMDQLHMHVWHPZLHU]ąF\²SDGDRGSRZLHGĨ²-D
MHVWHPSU]HFLZU]ąGRZL´
3U]HFLZVWDZLDQLH VLĊ Z ZLHNX GRMU]Dá\P UHGXNRZDQH MHVW QDMVNXWHF]QLHM SU]H]
MHGHQ]JHQLDOQLHMV]\FKSRP\VáyZNRPXQLVWyZ]XSHáQLHZ\MąWNRZHRVLąJQLĊFLHNRPX-
QLVW\F]QHMWHFKQLNLU]ąG]HQLDQLHSU]HQLNDOQHGODREVHUZDWRUyZ]]HZQąWU]-HVWWRPL-
VWHUQ\ L VNRPSOLNRZDQ\ PHFKDQL]P QDV\FDQLD VSRáHF]HĔVWZ PDQLIHVWDFMDPL SVHXGR-
QLH]DOHĪQRĞFLDQDZHWURG]DMHPSVHXGERSR]\FML
: RILFMDOQHM QRPHQNODWXU]H SROLW\F]QHM VSRáHF]HĔVWZR NRPXQLVW\F]QH VNáDGD VLĊ
]NRPXQLVWyZLEH]SDUW\MQ\FK:G]LZQ\PSU]HGVLĊZ]LĊFLXNWyUHNRPXQLĞFLQD]\ZDMą
Z\ERUDPLGRFLDáXVWDZRGDZF]\FKLVDPRU]ąGRZ\FKOLVWDQDNWyUąPXVLVLĊJáRVRZDü
QRVL]D]Z\F]DMQD]ZĊ)URQWX1DURGRZHJROXE%ORNX:\ERUF]HJROXE.RDOLFML.RPX-
QLVWyZL%H]SDUW\MQ\FKFRGDMHSRĪąGDQHZUDĪHQLH]MHGQRF]HQLDLVROLGDUQRĞFLFDáHJR
VSRáHF]HĔVWZDZRNyáNRPXQLVW\F]QHJRSURJUDPX1RPLQDOQLHZLĊFELRUąFEH]SDUW\MQL
NDQG\GDFLQDSRVáyZ F]\G]LDáDF]\ VSRáHF]Q\FKSRZLQQL E\üZ\áRQLHQL SU]H]WĊF]ĊĞü
VSRáHF]HĔVWZDNWyUDQLHMHVWNRPXQLVW\F]QDDE\MąUHSUH]HQWRZDü7RE\áRE\MHGQDN
]E\WSURVWH]E\W]JRGQH]ORJLNąL]H]Z\Ná\PSRF]XFLHPSU]\]ZRLWRĞFLZREHF]Z\NáHM
SUDZG\ $E\ W\FK ]JRGQRĞFL XQLNQąü G]LDáDF]H EH]SDUW\MQL Vą Z\áąF]QLH PLDQRZDQL
SU]H] 3DUWLĊ 6ą WR SU]HZDĪQLH SU]HNRQDQL L RGGDQL VSUDZLH NRPXQLĞFL EąGĨ ]Z\NOL
NDULHURZLF]H]GHF\GRZDQL©QDNDĪGHáDMGDFWZREąGĨEH]ZROQH]DVWUDV]RQHNUHDWXU\
]PXV]RQHGRVáXĪDOVWZDLĞOHSHJRSRVáXV]HĔVWZDSU]H]SROLFMĊSROLW\F]Qą/XG]LHFLQDM-
FKĊWQLHMZVWąSLOLE\GR3DUWLLLZ\NRQ\ZDOLSRWXOQLHFRNROZLHN3DUWLDRGQLFK]DĪąGDF]\
UR]NDĪHJG\E\QLHIDNWĪH3DUWLDZáDĞQLHUR]ND]DáDLPDE\QLHZVWĊSRZDOLOHF]JáRVLOL
MHMHZDQJHOLĊLDNFHSWRZDOLNDĪGHMHMĞZLĔVWZRGHPRQVWUXMąFQDWUĊWQLHZV]HPLZREHF
EUDNVZHMSDUW\MQHMSU]\QDOHĪQRĞFL7DNLFKOXG]LQD]\ZDVLĊZ(XURSLHZVFKRGQLHM]D-
ZRGRZ\PL QLHNRPXQLVWDPL ']LHOą VLĊ RQL QD GZLH NDWHJRULH ]DZRGRZL EH]SDUW\MQL
L]DZRGRZLRSR]\FMRQLĞFL
=DVDGDLFKLVWQLHQLDMHVWUyZQLHSURVWDMDNJHQLDOQDZVZHMXĪ\WHF]QRĞFL:NUDMDFK
JG]LHVSRáHF]HĔVWZDĪ\MHZRVWUHMRSR]\FMLMHĞOLQLHZUĊF]ZJáĊERNLHMQLHQDZLĞFL
GRVZ\FKZáDGFyZ²ZáDGF\VWDUDüVLĊPXV]ąRRGURELQĊFKRüE\UHODNVXSV\FKLF]QHJR
GODWDNRJURPQHMPDV\OXG]L¶3RQLHZDĪPDVRPW\PQLHPRĪQDGDüWHJRF]HJRFKFą²
MHVWWR]DáRĪHQLHLGHRORJLF]QHDOERZLHPNRPXQL]PSROHJDQDQLHGDZDQLXOXG]LRPWHJR
F]HJRFKFą²SU]HWRQDOHĪ\LPGDü]áXG]HQLHĪHWRGRVWDMą1LNWQLHMHVWSU]\W\PWDNL
JáXSL²DQLNRPXQLĞFLDQLLFKSRGGDQL²DE\QLHUR]H]QDüQDGHUV]\ENRĪHGDZDQLH
MHVWSR]RUHPD]áXG]HQLHW\ONR]áXG]HQLHPOHF]SRĞUyGRNUXWQHMHJ]\VWHQFMLLEUXWDO-
QHJR ]DELHUDQLD OXG]LRP ZV]\VWNLHJR QDZHW UR]H]QDQH ]áXG]HQLH QDELHUDü ]DF]\QD
MDNLHMĞZDUWRĞFLLZWHQVSRVyENRPXQLĞFLVWZDU]DMąZRNyáVLHELHJORULĊWDNLFKNWyU]\
FRĞGDMą3RF]\PNRQZHQFMD]RVWDMHSU]\MĊWDSU]H]RELHVWURQ\LMXĪQLHOLF]\VLĊWRĪH
GDMHVLĊQLFDOHOLF]\VLĊIDNWGDZDQLDQLF]HJR:WHQVSRVyEOXG]LHNWyU]\VąMDNRE\
WDF\VDPLMDNLQQLOXG]LHLQLHQDOHĪąGRHOLW\U]ąG]ąFHMGRVWDMąMDNRE\SUDZRJáRVX
DE\PyZLüWRFRU]ąG]HQLFKFąE\E\áRSRZLHG]LDQH-HVWWRZV]\VWNRUD]HPLOX]RU\F]Qą
JUąRGELü]UĊF]QLHXVWDZLRQ\FKOXVWHUGDMąF\FKZVXPLHWDNIDáV]\Z\REUD]U]HF]\ZL-
DTP by SHADE 52
VWRĞFLĪHDĪUR]áDGRZXMąF\JQLHZLVWDQRZLąF\QLHZ\F]HUSDQąSRĪ\ZNĊGRZFLSyZ/HF]
NRPXQLVWRPQLHSU]HV]NDG]DWRZFDOH²XVWDZLZV]\UD]QD]DZV]HMDNLHJRĞIDFHWDQD
SR]\FMLU]HF]QLNDEH]SDUW\MQ\FKPDVQLHWURV]F]ąVLĊMXĪZLĊFHMRWRF]\NWRĞZLHU]\
OXEZąWSLZMHJRUHSUH]HQWDW\ZQRĞü:ąWSOLZRĞFLQLHPRĪQDJáRVLüSXEOLF]QLHSRJDU-
G\LGHPDVNRZDQLDQLHPDJG]LHRSXEOLNRZDüLZWHQVSRVyELOX]MDLQVW\WXFMRQDOL]XMH
VLĊ OXE QDZHW VDQNW\ILNXMH L ZV]\VWNLH NUDMH NRPXQLVW\F]QH SHáQH Vą ÄF]FLJRGQ\FK´
ÄQLHVND]LWHOQ\FK´ÄQLH]DOHĪQ\FK´XF]RQ\FKSLVDU]\LG]LDáDF]\VSRáHF]Q\FKNWyU]\FR-
G]LHQQLHUDQRSU]\FKRG]ąSRLQVWUXNFMHGRRGSRZLHGQLHJRELXUDSROLFMLSROLW\F]QHMF]\
DSDUDWX3DUWLLZVSUDZLHWHJRFRPDMąG]LĞZáDĞQLHSRZLHG]LHüZUDGLRWHOHZL]MLF]\
ZZ\ZLDG]LHSUDVRZ\P²RF]\PZV]\VF\VáXFKDF]HLF]\WHOQLF\GRVNRQDOHZLHG]ą$OH
SR]yUSR]RVWDMHLRWRW\ONRNRPXQLVWRPFKRG]L
7HFKQRORJLD SURGXNFML ]DZRGRZ\FK EH]SDUW\MQ\FK MHVW UyZQLH Z\UDILQRZDQD MDN
VDPSRP\Vá-DNZNDĪG\PSU]HWDUJXPRPHQWHPGHF\GXMąF\PMHVWUHQWRZQRĞüSU]HG-
VLĊZ]LĊFLD:NUDMXJG]LHOXGQRĞFLMHVWDQW\NRPXQLVW\F]QDPRĪQDGRVNRQDOHĪ\ü
]WHJRĪHVLĊQLHMHVWNRPXQLVWąWU]HEDW\ONRQDWRRWU]\PDüNRQFHVMĊNRQFHVMĊ]DĞ
Z\GDMąNRPXQLĞFL$E\MąGRVWDüWU]HEDNRPXQLVWRPFRĞGDüZ]DPLDQ0RĪHWRE\ü
VWDUHDU\VWRNUDW\F]QHQD]ZLVNRRVRELVWDRSLQLDZ\ELWQHMMHGQRVWNLOXEWDOHQW'XFKRZQL
ZV]HONLFKZ\]QDĔVąEDUG]RPLOHZLG]LDQL7DNVDPRE\OLVNUDMQLSUDZLFRZF\DQDZHW
RWZDUFL IDV]\ĞFL NWyU]\ XOHJOL FXGRZQ\P SU]HREUDĪHQLRP SR ]GRE\FLX ZáDG]\ SU]H]
NRPXQLVWyZLVNáRQQLE\OLRGGDüW\PRVWDWQLPVZąVWDUDVáDZĊZ]DPLDQ]DZ\JRGQH
PLHV]NDQLDLQRZąVáDZĊQDZUyFRQHJR=DZRGRZ\EH]SDUW\MQ\VNáDGDZLĊFRGSRZLHG-
QLH GHNODUDFMH Z SUDVLH UDGLR L WHOHZL]ML RUD] SU]\ VSHFMDOQ\FK RND]MDFK MDN Z\ERU\
PLĊG]\QDURGRZH NRQJUHV\ DNDGHPLH XURF]\VWH ] RND]ML ĞZLąW SDĔVWZRZ\FK L QDUR-
GRZ\FKZLHFHSURWHVWDF\MQHSU]HFLZDPHU\NDĔVNLPLQZD]MRPLDJUHVMRP:RSDUFLX
RVZHKLVWRU\F]QR²DU\VWRNUDW\F]QHQD]ZLVNRVWUyMNDSáDQDLWHRORJLF]QHZ\NV]WDáFH-
QLHRVLąJQLĊFLDQDSROXIL]\NLPROHNXODUQHMOXEVáDZĊSRHW\²]DZRGRZ\EH]SDUW\MQ\
VWZLHUG]DVWDQRZF]RĪH3DUWLDZLHOHSLHMRGSDSLHĪDFRGREUHGOD.RĞFLRáDNDWROLFNLH-
JRĪHNáDPVWZRMHVWSUDZGąDSUDZGDJáXSRWDĪHGZDUD]\GZDMHVWSLĊüRLOH3DUWLD
X]QD WR ]D VWRVRZQH ERZLHP QLH PD DU\WPHW\NL RELHNW\ZQHM OHF] W\ONR WDND NWyUD
VáXĪ\DOERURERWQLNRPDOERNDSLWDOLVWRPĪHVáRĔFHNUĊFLVLĊZRNyá]LHPLRLOHW\ONRMHVW
WR]NRU]\ĞFLąGOD3DUWLLLSUROHWDULDWXĪHPDáHG]LHFLXPLHUDMą]JáRGXQD:DOO6WUHHW
D 6WDOLQ MHVW JHQLDOQLHMV]\P IL]\NLHP RG (LQVWHLQD : ]DPLDQ ]D WR RWU]\PXMą SUH-
PLHSLHQLĊĪQHSDV]SRUW\]DJUDQLF]QHSUDZROHF]HQLDVLĊZOXNVXVRZ\FKNOLQLNDFKRUD]
]áXGQHSRF]XFLHZáDVQHMZDĪQRĞFL=áXGQHERLFKZDĪQRĞüZ\]QDF]DLRNUHĞODZ\áąF]QLH
3DUWLDLW\ONRRGMHMNDSU\VX]DOHĪ\F]\LNLHG\NDULHUD]DZRGRZHJREH]SDUW\MQHJRPD
FLąJGDOV]\MDNLHPDSU]\EUDüUR]PLDU\LMDNLSXEOLFLPDJHSU]HZLG]LDQ\MHVWGODGDQHJR
]DZRGRZHJREH]SDUW\MQHJR
.ODV\F]Q\PSU]\NáDGHPWHJRW\SXNDULHU\VąNROHMHĪ\FLDSHZQHJRSUH]HVD=ZLą]-
NX3LVDU]\3ROVNLFK&]áRZLHNWHQRQD]ZLVNXV]ODFKHFNLPLWDOHQFLHOLU\F]QHJRSRHW\
UR]PLáRZDQHJRZ XURNDFKVHQVXDOL]PXZĪHQLá VLĊ SU]HG ZRMQą L SU]HG NRPXQL]PHP
Z ERJDWą URG]LQĊ L RWU]\PDá Z SRVDJX SRVLDGáRĞü ]LHPVNą *G\ NRPXQLĞFL RSDQRZD-
OL 3ROVNĊ SRHWD SRVWDQyZ L XQLNQąü QĊG]\ L Z\ZáDV]F]HQLD EH] Z]JOĊGX QD FHQĊ MDNL
PLDáE\ HZHQWXDOQLH ]DSáDFLü ]D FR Z  ODW SRWHP RWU]\PDá QDMZ\ĪV]H RG]QDF]HQLH
SDĔVWZRZHRGNRPXQLVWyZLGRĪ\ZRWQLąSRVDGĊEH]SDUW\MQHJRUHSUH]HQWDQWDSROVNLHM
OLWHUDWXU\:W\PF]DVLHGRRERZLą]NyZMHJRQDOHĪDáRSRZWDU]DüSXEOLF]QLHĪHFRNRO-
ZLHNNRPXQLĞFLURELąZ3ROVFHLQDĞZLHFLHMHVWPąGUHVáXV]QHFHQQHLVWDQRZLEáRJR-
VáDZLHĔVWZRGODQDURGXSROVNLHJRLUHV]W\OXG]NRĞFLQDFRRQ²SRHWDV]ODFKFLFLGREU\
3RODN²GDMHVáRZRKRQRUXF]áRZLHNDQLHPDMąFHJRQLFZVSyOQHJR]3DUWLą:WHQVSR-
VyESRGSLV\ZDáVZ\PQD]ZLVNLHPNDĪGą]EURGQLĊLNDĪGHNáDPVWZRNRPXQLVWyZDĪH
E\á SU]\ W\P F]áRZLHNLHP SRWĊĪQHJR Z]URVWX L R SURILOX VWDURJUHFNLHJR =HXVD ] SD-
PLąWHNWXU\VW\F]Q\FKSU]HWRNRPXQLĞFL]DF]ĊOLZ\V\áDüJRQDPLĊG]\QDURGRZH]MD]G\
LNRQJUHV\SRĞZLĊFRQHVSUDZRPSRNRMXJG]LHSUH]HVSU]\VLĊJDáĪDUOLZLHĪHURV\MVNLH
F]RáJL Vą LQVWUXPHQWHP SRNRMX ]DĞ DPHU\NDĔVNLH ² ZRMQ\ 7H Z\VWąSLHQLD SU]\QLR-
DTP by SHADE 53
Vá\PXPQyVWZRX]QDQLDLSU]\MDĨQL]HVWURQ\DPHU\NDĔVNLFKL]DFKRGQLRHXURSHMVNLFK
LQWHOHNWXDOLVWyZNWyU]\SRSDGOLZ]DFKZ\WGODIDNWXĪHWDNQLHNRPXQLVW\F]QLHZ\JOą-
GDMąFHPXJHQWOHPDQRZLLHVWHFLHSRZRG]LVLĊWDNFXGRZQLHZĞUyGNRPXQLVWyZNWyU]\
SURV]ąJRDE\SU]HPDZLDáZLFKLPLHQLXPLPRĪH]XSHáQLHQLHQDOHĪ\GR3DUWLL3RF]ĊOL
JRRGZLHG]DüZMHJRRFDORQ\PSU]HGZ\ZáDV]F]HQLHPGRPXGHOHNWRZDüVLĊRELDGD-
PLSRGDZDQ\PLSU]H]VSUDZQ\FKVáXĪąF\FKZVHUFXNRPXQLVW\F]QHJRNUDMXDLFK]D-
FKZ\WGODNRPXQL]PXUyVáSURSRUFMRQDOQLHGRWHJRF]HJRRNRPXQL]PLHQLHZLHG]LHOL
7RF]HJRQLHZLHG]LHOLPLĊG]\LQQ\PLE\áIDNWĪHSRHWD±SUH]HVFRG]LHQQLHPHOGRZDá
NDĪG\ V]F]HJyá LFK SRE\WX Z SROLFML EH]SLHF]HĔVWZD L RWU]\P\ZDá ĞFLVáH LQVWUXNFMH GR
MDNLFKZ\SRZLHG]LVNáRQLüVZ\FKQLHNRPXQLVW\F]Q\FKOLEHUDOQ\FKSRVWĊSRZ\FKJRĞFL
WDNDE\RĞZLDGF]HQLDLFKPRĪQDE\áRZ\NRU]\VW\ZDüZNDPSDQLDFKSURSDJDQGRZ\FK
1DOHĪDáRWRGRMHJRRERZLą]NyZMDNROLFHQFMRQRZDQHJREH]SDUW\MQHJR
2ERN]DZRGRZ\FKQLHNRPXQLVWyZLVWQLHMąZNRPXQL]PLH]DZRGRZLRSR]\FMRQLĞFL
-HVWWRQDRJyáEDUG]RGUREQDĞFLĞOHZ\VHOHNFMRQRZDQDLGREUDQDJUXSNDQLH]Z\NOH]D-
XIDQ\FKOXG]LNWyU\FKZLHUQRĞü3DUWLL]RVWDáDSUHF\]\MQLHVSUDZG]RQDLQLHXOHJDZąWSOL-
ZRĞFLDOHNWyU]\RGF]DVXGRF]DVXSRSDGDMąZQLHSRVáXV]HĔVWZRLQRQNRQIRUPLVW\F]QH
V]DOHĔVWZD3DUWLD]GDMHVRELHGRVNRQDOHVSUDZĊ]WHJRMDNLHNRU]\ĞFLPRĪHZ\FLąJQąü
]LFKQLHV]NRGOLZ\FK]U\ZyZEXQWXLSR]ZDODQDQLH=DZRGRZ\RSR]\FMRQLVWDSROHJD
QDW\PĪHDĪHE\QLHZLDGRPRZMDNLHSRSDGDáNRQIOLNW\]3DUWLąLMDNPRQVWUXDOQHJáRVLá
KHUH]MH²QLJG\PXVLĊQLF]áHJRQLHVWDMH-HĞOLQDZHWMHVWNUyWNRLáDJRGQLHSU]HĞODGR-
ZDQ\²RGVXQLĊW\RG]DV]F]\WyZLVWDQRZLVNDOERSR]EDZLRQ\PRĪOLZRĞFLGUXNXEĊGąF
SLVDU]HPF]\SXEOLF\VWąOXENDWHGU\MHĞOLMHVWSURIHVRUHPLLQWHOHNWXDOLVWą²WRSU]HĞOD-
GRZDQ\MHVWZWDNLVSRVyEMDNLZRVWDWHF]Q\PUH]XOWDFLHSU]\QRVLPXNRU]\ĞFLFKRFLDĪ-
E\V]HURNRUR]JáRV]RQąSU]H]WKHZRUGRIPRQWKRSLQLĊF]áRZLHNDSU]HĞODGRZDQHJRFR
DXWRPDW\F]QLHMHGQDPXSRSXODUQRĞüLV\PSDWLĊVSRáHF]HĔVWZD=MDZLVNR]DZRGRZ\FK
RSR]\FMRQLVWyZMHVWGDOHNRGHOLNDWQLHMV]HEDUG]LHM]áRĪRQHLZLHOR]QDF]QHQLĪ]DZRGRZL
EH]SDUW\MQL -HJR VXEVWDQFMą MHVW RV]DáDPLDMąFR VNRPSOLNRZDQD VLDWND ZVSyá]DOHĪQR-
ĞFLSRPLĊG]\3DUWLąMHMEH]Z]JOĊGQLHHJ]HNZRZDQąUDFMąVWDQXLVDP\P]DZRGRZ\P
RSR]\FMRQLVWą3U]\SRPLQDWRWURFKĊIDNWXUĊV]SLHJRZVNLFKSRZLHĞFLVHQVDF\MQ\FKVZą
QLHNRĔF]ąFąVLĊJUąZÄW\QLHZLHV]ĪHMDZLHPĪHW\QLHZLHV]FRMDZLHP´=DZRGRZ\
RSR]\FMRQLVWDX]\VNXMHVZyMVWDWXVSRVNUXSXODWQ\PVHFXULW\FKHFNSROLFMLSROLW\F]QHM
NWyUD Z\GDMH PX VSHFMDOQą VHFXULW\ FOHDUDQFH DOH E\QDMPQLHM QLH MHPX GR UĊNL OHF]
QD XĪ\WHN WDMHPQLF]\FK PDQLSXODWRUyZ Z RGPĊWDFK FLHPQ\FK JDELQHWyZ SROLF\MQ\FK
LSDUW\MQ\FK2GWąGJG]LHĞ]RVWDMHSRZLHG]LDQHĪHQDZHWMHĞOLGRNRQDRQMDNLHJRĞDNWX
QLHSRVáXV]HĔVWZDF]\RGVWĊSVWZDQDOHĪ\JRXNDUDüOHF]QLH]DRVWURVNDUFLüDOHQLH
]QLV]F]\ü:WHQVSRVyE]DZRGRZ\RSR]\FMRQLVWDF]ĊVWRQLHZLHĪH]RVWDáQLPPLDQR-
ZDQ\ĪHPD]LHORQHĞZLDWáRGODUyĪQ\FKZ\EU\NyZL]SRF]ąWNXP\ĞOLĪHG]LDáDZGR-
EUHMZLHU]HRUD]SU]\JRWRZDQ\MHVWQDSRQRV]HQLHNRQVHNZHQFML2LOHQLHMHVWMHGQDN
F]áRZLHNLHPEDUG]RJáXSLPFR]GDU]DVLĊQLHU]DGNRV]\ENRRULHQWXMHVLĊĪHG]LDáDQD
ZDUXQNDFKVSHFMDOQ\FKMHĞOL]DĞMHVWZ\UDFKRZDQ\PLVSU\WQ\PRSRUWXQLVWąXGDMąF\P
MHG\QLHLPSXOV\ZQRĞüLV]ODFKHWQ\RGUXFKREXU]HQLDFR]GDU]DVLĊQDMF]ĊĞFLHMZWHG\
]DF]\QDZ\PLHU]DüVZHZ\VWąSLHQLDEDUG]RSUHF\]\MQLHDE\QLHZSUDZLü3DUWLĊZ]D-
NáRSRWDQLHLQLH]PXVLüMąGRMDNLFKĞWZDUG\FKUHDNFML:LHFRPXZROQRDE\XWU]\PDü
VZąOLFHQFMĊQDRSR]\FMRQL]PLZLHĪH3DUWLDZLHRW\PĪHRQZLHZREHFF]HJRQLH
]DGDPXSUDZG]LZHJRFLRVXOHF]W\ONR]DPDUNXMHXGHU]HQLHE\SRGWU]\PDüRSLQLĊMHJR
NUQąEUQRĞFL:JUXQFLHU]HF]\QLHFKFHRQV]NRG]Lü3DUWLLNWyUDMHVWMHJRQDMEDUG]LHM
SHZQ\P L RVWDWHF]Q\P SRGWU]\PDQLHP 7RWHĪ 3DUWLD XGDMH JQLHZ L ]DVNRF]HQLH MHJR
VáRZDPLF]\DNFMąDOHMHGQRF]HĞQLHRGZUDFDREOLF]HE\XNU\üXĞPLHFK]DGRZROHQLDĪH
ZV]\VWNRIXQNFMRQXMHMDNQDOHĪ\D]DZRGRZ\RSR]\FMRQLVWDZ\PDFKXMHRVWHQWDF\MQLH
SLĊĞFLąZVWURQĊ3DUWLL3RF]\PRWU]\PXMHEUDZDRGWáXPX]DVZąOLFHQFMRQRZDQąRG-
ZDJĊSUHPLH]DĞRG3DUWLL]DWRĪHQLHSU]HNURF]\áPLDU\LQLH]PXVLáMHMGRUHSUHVML
3XEOLF]QLH]DĞ]RVWDMHSU]H]3DUWLĊVNDUFRQ\DOHQLH]E\WJURĨQLH]DFRWáXPZVSyáF]XMH
PXFKZDOLMHJRXF]FLZRĞüLQLH]DOHĪQRĞüDQDZHWVWZLHUG]DĪHPRĪHWD3DUWLDQLHWDND
DTP by SHADE 54
]XSHáQLH]áDVNRURRND]XMHW\OHSREáDĪDQLDLZ\UR]XPLDáRĞFL,RWRW\ONR3DUWLLFKRG]L
Z\ND]DáDVLĊIDáV]\ZąWROHUDQFMąZJUXQFLHU]HF]\QLHWROHUXMąFQLF]HJRF]HJRVRELHQLH
Ī\F]\LRWZRU]\áDZHQW\OEH]SLHF]HĔVWZDGODOXG]LNWyU\PPRĪQDSR]ZROLüQDRGUXFK
SURWHVWXF]\RSRUXZLHG]ąFĪHEĊG]LHRQQLHJURĨQ\3R]ZROLMHMWRRNUXWQLHLEUXWDOQLH
VWáXPLüRSyUSUDZG]LZ\FKEH]NRPSURPLVRZ\FKLLGHRZ\FKRSR]\FMRQLVWyZWRSLąFLFK
MHGQRF]HĞQLHZSRZRG]LKLSRNU\]MLLIDU\]HMVNLFKGRZRGyZQDVZyMOLEHUDOL]PZSRVWĊ-
SRZDQLX]]DZRGRZ\PRSR]\FMRQLVWą
-HVW ]UHV]Wą L WU]HFLD VWURQD Z W\P ZLGRZLVNX D PLDQRZLFLH GHPRNUDW\F]Q\ =D-
FKyGNWyU\QLHXPLHSRMąüĪHQDZHWRSR]\FMRQLĞFLPRJąE\ü]DSODQRZDQLLNWyU\QD
ZLGRN PLRWDMąFHJR VLĊ ]DZRGRZHJR QRQNRQIRUPLVW\ SRSDGD Z ]DFKZ\W GOD MHJR RG-
ZDJL D WDNĪH GOD QDG]Z\F]DMQHM HZROXFML NRPXQL]PX NX OHSV]\P IRUPRP F]DVRP
L SUDZG]LZHM ZROQRĞFL 1DLZQRĞü =DFKRGX MHVW ZLĊF F]\QQLNLHP VROLGQLH ZNDONXORZD-
Q\PZSODQRZDQLHRSRUXMDNLNRQFHVMLQDRSR]\FMĊ1DLZQRĞüWDMHVWZDĪNąSRGQLHWą
ZRSUDFRZ\ZDQLXFRUD]SU]HP\ĞOQLHMV]\FKZHUVMLSVHXGRRSRUXJG\E\]DĞQLHLVWQLDáD
NRPXQLĞFL]PXV]HQLE\OLE\GROLNZLGDFMLFDáHMVSHF\ILF]QHMJDáĊ]LIDEU\NRZDQLDNáDPVWZ
RZáDVQHMU]HF]\ZLVWRĞFLàDWZRZLHUQRĞü=DFKRGXSU]\F]\QLáDVLĊGRNUHRZDQLDSR]\FML
LVWDWXVXGZyFKQDMEDUG]LHMRVáDZLRQ\FK]DZRGRZ\FKQRQNRQIRUPLVWyZZKLVWRULLNR-
PXQL]PX(UHQEXUJDL-HZWXV]HQNL
&]áRZLHNĪ\MąF\ZNRPXQL]PLHLRVLąJQąZV]\ZLHNGRMU]Dá\]QDRZHVXEWHOQH]áą-
F]DSRPLĊG]\PRUDOQRĞFLąWDNMHGQRVWNRZąMDNLVSRáHF]QąDSU]HFLZVWDZLDQLHPVLĊ
NRPXQL]PRZL:WHMZLHG]\NU\MHVLĊĨUyGáRMHJRSU]HUDĪDMąFHMIUXVWUDFMLDSDWLLLQHU-
FMLLDOLHQDFMLW\ORNURWQLHRPDZLDQHMSU]H]XF]RQ\FKLSLVDU]\NWyU\PXGDáRVLĊXFLHF
]NRPXQL]PX*G\UR]ZDĪDMHMQDJURPDG]RQHZFLąJXFKRüE\MHGQHJRĪ\FLDNRV]PDU\
RJDUQLDJRQLHXFKURQQLHWDVDPDJRU]NDUHIOHNVMDF]\ZDUWR"
.
Co to jest plan
.
:NRPXQL]PLHSODQQLHMHVWDQLVáRZHPDQLSRMĊFLHPOHF]]DNOĊFLHP,GHDSODQX
PLDáDZHGáXJNODV\NyZVWDüVLĊĨUyGáHP]Z\FLĊVWZLVXNFHVyZZSURZDG]DQHJRZĪ\FLH
VRFMDOL]PX PDJLF]Qą IRUPXáą RWZLHUDMąFą 6H]DP SRZV]HFKQHJR V]F]ĊĞFLD OXG]NRĞFL
NOXF]HPGRXWRSLLNWyUHMRERZLą]NLHPE\áRSU]HREUD]LüVLĊZNRQNUHWUDMXQD]LHPLSU]\
SRPRF\SODQX0LáRĞüGRSODQXMHVWXF]XFLHP;,;±ZLHF]Q\PZ\ZRG]ąF\PVLĊ]F]D-
VyZJG\ĞZLDWPLHV]F]DĔVNLHJRNDSLWDOL]PX²WDNMDNJRZLG]LDá0DU[LMHJRZ\]QDZF\
²QXU]DáVLĊZRK\GQ\PJU]HFKXEH]SODQRZRĞFLLÄOHVVHIHU\]PX´NUHXMąFZWHQVSRVyE
FKDRVLLQGHWHUPLQL]P]EURGQLF]\Z\]\VNLSRZV]HFKQąQĊG]ĊQDWHMSODQHFLH:F]HĞQL
DSRORJHFLPDUNVL]PXVNáRQQLE\OLZLG]LHüZSODQLHF]\QQLNZ\áąF]QLHHNRQRPLF]QR±VSR-
áHF]Q\ZLHU]ąFZWHG\MHV]F]HĪHHNRQRPLDMHVWGXV]ąPDUNVL]PX6WąGZĞZLDWRSRJOą-
G]LHRUWRGRNV\MQHJRPDUNVLVW\VáRZRSODQXUXFKRPLDáRVWDQ\GXFKRZHSRUyZQ\ZDOQH
MHG\QLH]HVWDQHPáDVNLZGXV]\FKU]HĞFLMDQLQD=DGDQLHPSODQXE\áR²ZMHJR]UR-
]XPLHQLX²VWDüVLĊQDMZ\ĪV]\PUHJXODWRUHPFDáHJRĪ\FLDVSRáHF]QHJRRGSURGXNFML
LG\VWU\EXFMLDĪSRSU]\URVWGHPRJUDILF]Q\LSRSĊG\GHF\GXMąFHRW\PRVWDWQLP0LDá
E\üZSURZDG]HQLHPáDGXZFKDRVD]DWHP²ZRVWDWHF]Q\PUR]UDFKXQNX²G]LDáD-
QLHPPRUDOQ\P1DMV]F]\WQLHMV]ąNRQVHNZHQFMąSODQXPLDáRE\üXV]F]ĊĞOLZLDQLHOXG]L
²ZV]\VWNLFKUD]HPLNDĪGHJR]RVREQD-DNNDĪGHZVSDQLDáHXRVRELHQLH:LDU\1DG]LHL
L0LáRĞFL²SU]H]QDF]HQLHPSODQXE\áDĪDáRVQDSDUV]\ZDGHJUHQJRODGDZU]HF]\ZLVWR-
ĞFLZ\ĞQLRQHMSU]H]SURURNyZL]UHDOL]RZDQHMSU]H]]DZRGRZ\FKUHZROXFMRQLVWyZ:;;
ZLHNXRND]DáRVLĊĪHDSRNDOLSW\F]Q\UR]ZyMĞURGNyZSURGXNFMLLPXOWLSOLNDFMDZV]HONLFK
IXQNFMLVSRáHF]Q\FKZSURZDG]LáSODQLSODQRZDQLHZNDĪG\V\VWHPSROLW\F]Q\LJRVSR-
GDUF]\VWRMąF\QLHFRZ\ĪHMRGZVSyOQRWP\ĞOLZVNR²SDVWHUVNLFK=WULXPIXPDUNVLVWRZ-
VNLHMP\ĞOLSODQVWDáVLĊ]DWHPGUXJRU]ĊGQ\PHOHPHQWHPFRG]LHQQRĞFLQDZHWZ3DUD-
JZDMXLQD%RUQHR'HPRNUDW\F]Q\NDSLWDOL]P]SRáRZ\QDV]HJRVWXOHFLDSR]EDZLáJR
ZV]HONLHMFKDU\]P\OHF]]DWR]DVWRVRZDáGRNDĪGHMG]LHG]LQ\XSRZV]HFKQLáXSURĞFLá
LUR]ZLQąáZUDPDFKPDNV\PDOQHMXĪ\WHF]QRĞFLVSRáHF]QHM-DZQRĞüĪ\FLDSXEOLF]QHJR
DTP by SHADE 55
ZGHPRNUDFMDFKUR]NZLWVWDW\VW\NLLQDXNVSRáHF]Q\FKEDGDQLDZROQHRGXZDUXQNR-
ZDĔSROLW\F]QHMPLVW\ILNDFMLPDUNHWUHVHDUFKLSODQRZDQLHNRPXQDOQH²ZV]\VWNRWR
ZSU]ĊJáRSRMĊFLHSODQXZĪ\FLHFRG]LHQQHEH]LGHRORJLF]QHMKLVWHULL-HG\QLHZNRPXQL-
]PLHJG\GRV]HGáRQGRZáDG]\SODQVWDQąáQDSLHGHVWDOHZDUWRĞFLQLHQDUXV]DOQ\FKFR
SU]HVąG]LáRRMHJRNUDĔFRZ\PLRVWDWHF]Q\PXSDGNX6WDáVLĊĨUyGáHPFKDRVXMDNLHJR
OXG]NRĞüGRWąGQLH]QDáD=URG]LáUR]JDUGLDV]QLHGRSRNRQDQLDER]DSODQRZDQ\:LPLĊ
áDGX VHQVX L Z\GDMQRĞFL VWZRU]\á QLHáDG EH]VHQV L LQGROHQFMĊQD VNDOĊ QLHVSRW\NDQą
ZG]LHMDFKF]áRZLHND-DNNDĪG\]DPLDU]DZáDGQLĊFLDFDáRNV]WDáWHPĪ\FLDGDáZZ\QLNX
SDURGLĊĪ\FLD
.RPXQL]PXF]\QLá]SODQXZDUWRĞüFHQWUDOQąWDMHPQLF]ąLQLHSRGZDĪDOQą0LDáRQ
RGWąGE\üG]LHáHPMHGQHJRXU]ĊGX=QDF]\WRĪHW\ONRWHQXU]ąGZLHRQLPZV]\VWNR
FRVSUDZLDĪHQLNWSR]DW\PXU]ĊGHPQLHPRĪHSODQXNZHVWLRQRZDüWHRUHW\F]QLHDQL
W\P PQLHM SUDNW\F]QLH 6WąG SURVWD P\ĞO DĪHE\ SU]HGWHP SU]HP\ĞOHü FRĞ FR VLĊ PD
Z\NRQDü QDELHUD SUHURJDW\Z SURMHNWRZDQLD FDáHJR ZV]HFKERJDFWZD E\WX FR ² MDN
ZLDGRPRILOR]RIRP²MHV]F]HQLNRPX]HĞPLHUWHOQ\FKGRWąGVLĊQLHXGDáR3RQLHZDĪ]DĞ
EH]GHQQHNOĊVNLNRPXQLVW\F]Q\FKSODQyZQLJG\QLHVąXMDZQLDQHQLFSU]HWRQLHZVND-
]XMHQDWRĪHEDáZRFKZDOVWZRLQLHW\NDOQRĞüSODQXVNRĔF]ąVLĊZNRPXQL]PLHNLHG\NRO-
ZLHN7\PVDP\PRGSDGDMDNDNROZLHNV]DQVDSRVWĊSXHNRQRPLF]QHJRLVSRáHF]QHJR
ZLPLĊNWyUHMLGHDSODQX]DNZLWDZLQWHOHNWDFKNODV\NyZ
=DPLDVWĪHJORZDüSR]GUDGOLZ\FKWRQLDFKWHRUHW\F]Q\FKUR]ZDĪDĔLDQDOL]SRVáXĪ-
P\ VLĊ SU]\NáDGHP ] Ī\FLD 1D SHZQHM U]HFH Z NRPXQLVW\F]QHM 3ROVFH SRWU]HEQ\ E\á
PRVW-HĞOLNDĪGDĞUXENDLNDĪGD]DEDZNDPXV]ąE\üXSU]HGQLRFHQWUDOQLH]DSODQRZD-
QHáDWZRVRELHZ\REUD]LüMDNEDUG]R]DSODQRZDQ\PXVLE\üFDá\PRVWĩH]DĞSDĔVWZD
NRPXQLVW\F]QH SODQXMą WDN ĞUXENL MDN L ]DEDZNL QD ± ODW ] JyU\ SODQRZDQLH WDNLH
QD]\ZDVLĊRILFMDOQLH3LĊFLR±OXE6]HĞFLROHWQLP3ODQHP5R]ZRMXOXE3RVWĊSX0RVWZLĊF
]DLVWQLDáZSODQLHFHQWUDOQ\PZRSDUFLXRPDS\WHUHQXNWyUHRND]Dá\VLĊQLHGRĞüGR-
NáDGQH3RQLHZDĪSODQRZDQLHFHQWUDOQHMHVW]DZV]HL]UHJXá\]DMĊFLHPWHRUHW\F]Q\P
SU]HWRSU]H]SDUĊODWZV]\VWNRFRGRW\F]\áRPRVWXPLDáRZVRELHQLHW\ONREáąGZ]DURG-
NXOHF]µWDNĪH]DURGHNIDWDOL]PXF]\OLWDNLHJRUR]ZLą]DQLDVSUDZNWyUH]JyU\VND]DQH
E\áRQDEáąG7DNZLĊFODWDXSá\ZDá\QDSU]\JRWRZDQLDFKSURMHNWRZDQLXNUHĞOHQLDFK
RUJDQL]RZDQLX ]DPyZLHĔ PDWHULDáyZ Z ILUPDFK L IDEU\NDFK NWyUH RF]\ZLĞFLH WDNĪH
SRGOHJDMąFHQWUDOQHPXSODQRZLLSURGXNFMDLFKSODQRZDQDMHVWZW\PVDP\PPLHMVFX
FRPRVW*G\]DĞEXGRZQLF]RZLHSU]\E\OLZUHV]FLHQDPLHMVFHEXGRZ\RND]DáRVLĊĪH
]JRGQLH]SODQHPPRVWyZEĊG]LHáąF]\áGZDEU]HJLU]HNLSRGNąWHPRVWU\PLUR]ZDU-
W\PDQLHSURVW\PMDNWRVLĊ]D]Z\F]DMUREL]PRVWDPL7RRGVWĊSVWZRRGZ\SUyER-
ZDQ\FKRGSRF]ąWNXĞZLDWDPHWRGVWDQRZLáR]XSHáQąUHZHODFMĊMDNRĪHPRVWyZQLH
VSLQDáGZyFKEU]HJyZSURVWRSDGOHGRQLFKOHF]MDNE\Z\GáXĪDáVLĊZGDOZUD]]U]HNą
F]\QLąF ] SU]HSUDZ\ SU]H] QLą URG]DM QLH NRĔF]ąFHM VLĊ ZĊGUyZNL ZUD] ] MHM SUąGHP
$WUDNFMDWD]DF]ĊáDĞFLąJDüWáXP\RNROLF]Q\FKZáRĞFLDQNWyU]\XVLáRZDOLZ\WáXPDF]\ü
EXGRZQLF]\PĪHFK\ED]ZDULRZDOLQDFRJáyZQ\LQĪ\QLHURGSRZLHG]LDOQ\]DEXGRZĊ
RGSRZLDGDáĪHRQPDGRZ\ERUXDOERZ\NRQDüEH]²VHQVRZQ\PRVWZHGáXJSODQX]D
FRGRVWDQLHVZąSHQVMĊDPRĪHQDZHWLQDJURGĊ]DVXPLHQQRĞüDOERVNRU\JRZDüJR
QDZáDVQąUĊNĊRPLMDMąFSODQ]DFRSyMG]LHGRZLĊ]LHQLD-HĞOL]DĞU]HNDQLH]JDG]DVLĊ
]SODQHPWRMHVWWRVSUDZDFHQWUDOQHJRXU]ĊGXSODQRZDQLDZVWROLF\DQLHMHJRLRQVLĊ
RWR]QLNLPNáyFLüQLHEĊG]LH&KáRSLSRV]OLGRNąGĞQDVNDUJĊZNWyUHMZ\QLNXQDPLHM-
VFHEXGRZ\SU]\MHFKDáDNRPLVMDXU]ĊGXSODQRZDQLD-DNWR]DZV]HMHGQDNE\ZD]NR-
PLVMDPLSU]\MHFKDáDRQDJG\PRVWVWDáMXĪJRWRZ\L]JRGQLH]SODQHP.RPLVMDORMDOQLH
VWZLHUG]LáDQLHE\ZDá\VNDQGDOZáDG]HEH]SLHF]HĔVWZDDUHV]WRZDá\LQĪ\QLHUyZDWDNĪH
SU]\RND]MLNLONXFKáRSyZ]ORNDOQHMUDG\QDURGRZHMW\FKRVWDWQLFKSRG]DU]XWHPĪH
SR]ZROLOLZDULDWRPEąGĨVDERWDĪ\VWRPEXGRZDüPRVWQDRMF]\VWHMU]HFHGURJLHMVHUFX
NDĪGHJR SDWULRW\ .RPLVMD ]DOHFLáD WDNĪH JHQHUDOQD NRUHNWXUĊ PRVWX L UHZL]MĊ SODQyZ
:NUyWFHZLĊFSU]\E\áDQRZDHNLSDEXGRZODQDNWyUDZRSDUFLXRQRZHSODQ\RVLąJQĊáD
W\OHĪHQDGDáDSU]HEXGRZDQHPXPRVWRZLNV]WDáWSDUDJUDIXF]\QLąF]HĔRVREOLZRĞüQD
DTP by SHADE 56
ĞZLDWRZąPLDUĊ1DGRPLDU]áHJRQDVNXWHNQLHZáDĞFLZHJRVWRVRZDQLDSU]HG]LDáX]D-
SODQRZDQ\FKXSU]HGQLRVXURZFyZZPRĞFLHRWDNQLH]Z\Ná\PNV]WDáFLHZ\VWąSLá\QLH-
SU]HZLG]LDQHNRPSOLNDFMH0LĊG]\LQQ\PLSU]HZRG\HOHNWU\F]QHXOHJá\SRZLNáDQLRPFR
VSUDZLDĪHPRVWMHVWSRGQDRLĊFIHPLNWRNROZLHNQDĔZFKRG]LSDGDSRUDĪRQ\SUąGHP
1DMSURVWV]\PZ\MĞFLHPE\áRE\]DWHPPRVWWHQUR]HEUDü]OLNZLGRZDü]ERPEDUGRZDü
XQLFHVWZLü²OHF]ZáDĞQLHWRUR]ZLą]DQLHQLHZFKRG]LZUDFKXEĊ0RVWE\áZSODQLH²
Z ĞZLĊW\P L QLHQDUXV]DOQ\P SODQLH Z RVWDWHF]Q\P WDEHUQDFXOXP NRPXQLVW\F]QHJR
SRMĊFLD VXNFHVXRVLąJQLĊFLD GRNRQDQLDXOHSV]DQLD ĞZLDWD .DULHU\ SRVDG\ DQDZHW
]Z\NáD ZROQRĞü RVRELVWD ]E\W ZLHOX OXG]L ² RG QLVNLHJR V]F]HEOD RZHM RNROLF\ DĪ GR
QDMZ\ĪV]\FKVWDQRZLVNZSROVNLHMJRVSRGDUFH²]DOHĪDá\RGWHJRDE\PRVWVWDá:LĊF
PRVWVWRL=QDOD]áRVLĊQDZHWUR]ZLą]DQLHGODQLHSU]HZLG]LDQ\FKWUXGQRĞFL2ND]DáRVLĊ
ĪH Z SODQLH RZHJR UHJLRQX SU]HZLG]LDQD MHVW VSHFMDOQD SRPRF OHNDUVND GOD RELHNWyZ
]QDMGXMąF\FKVLĊSRGQLHEH]SLHF]Q\PQDSLĊFLHPHOHNWU\F]Q\P3U]\PRĞFLHSRVWDZLRQR
ZLĊFNDUHWNĊSRJRWRZLDNWyUDG\ĪXUXMHWDPG]LHĔLQRF.WRNROZLHNZNUDF]DQDPRVW
LXOHJDSRUDĪHQLXMHVWRGUD]XLVSUDZQLHRGZRĪRQ\GRV]SLWDOD&RVWDQRZLMDVQHL]UR-
]XPLDáH]Z\FLĊVWZR3ODQXQDGF]áRZLHNLHP
.
-DNNXSRZDü
.
=DVDGą QXPHU MHGHQ ZV]HONLHJR NXSRZDQLD MHVW ĪH NXSXMH VLĊ QLF WR FR VLĊ SR-
WU]HEXMHDQLWRFRVLĊFKFHOHF]WRFRZáDĞQLHWHUD]MXĪWXĪRERNLZWHMFKZLOLMHVWGR
NXSLHQLD
:ĊGURZLHF ] NUDLQ RG NRPXQL]PX GDOHNLFK SU]\VWDMH ]H ]GXPLHQLHP Z RNX QD
ZLGRNQDVWĊSXMąFHJRREUD]XQDXOLFDFKOXGQHJRPLDVWDSRĞUyGSLĊNQHMDUFKLWHNWXU\
NRĞFLRáyZLSDáDFyZ]NWyU\FKNDĪG\MHVWFKOXEDHXURSHMVNLHJREDURNXLĞZLDGHFWZHP
ZVSDQLDá\FKWUDG\FMLFKU]HĞFLMDĔVNLHMF\ZLOL]DFMLELHJQLHJDUVWNDOXG]LRWZDU]DFKSHá-
Q\FK V]F]ĊĞFLD L XQLHVLHQLD REáDGRZDQD QDUĊF]DPL WRDOHWRZHJR SDSLHUX àDWZR MHVW
ZJURQLHW\PXMDZQLüSRZDĪQH]UyĪQLFRZDQLHVSRáHF]QH2WRVWDU\SURIHVRUQDXNRZLHF
LLQWHOHNWXDOLVWDGĨZLJDREXUąF]]WUXGHPOHF]L]XĞPLHFKHPGXP\NLONDQDĞFLHUROHN
2WRNU]HSNLURERWQLNRQDEU]PLDá\FKPXVNXáDFKXJLQDVLĊSRGRJURPQąSDNąQDMZL-
GRF]QLHM SRP\ĞODá QLH W\ONR R VZRMHM URG]LQLH OHF] WDNĪH R VąVLDGDFK SU]\MDFLRáDFK
DPRĪHLVZRLFKSU]HáRĪRQ\FKZIDEU\FHGODNWyU\FKQLHVSRVyEMHVWZ\P\ĞOHüOHSV]HJR
SUH]HQWX2WRRILFHUZRMVNSDQFHUQ\FKQLHSRPQ\QDVXURZąJRGQRĞüPXQGXUXNUR-
F]\REZLHV]RQ\URONDPLSDSLHUXWRDOHWRZHJRMDN]GRE\W\PLQDSROXFKZDá\RUGHUDPL
2WR JRVSRG\QL GRPRZD Z NXQV]WRZQHM JLUODQG]LH QD V]\L MDNE\ ZUDFDáD ] Z\FLHF]NL
QD+DZDMH]DQLąXF]QLRZLHLXU]ĊGQLF\SRNWyU\FKZLGDüĪHU]XFLOLVZHV]NROQHáDZNL
L ELXUND Z XU]ĊGDFK QD ZLHĞü ĪH Z RNROLF]Q\P VNOHSLH SRMDZLá VLĊ SDSLHU WRDOHWRZ\
:ĊGURZLHF]DIDVF\QRZDQ\SRGQLHFHQLHPWáXPXV]XNDJRUąF]NRZRZ\MDĞQLHQLDWHJR
]MDZLVNDS\WD²FyĪRQR]QDF]\"&]\ĪE\SRGF]DVMHJRSRGUyĪ\]GDODRGGRPX79
LJD]HW\RGNU\WRQRZHZáDĞFLZRĞFLSDSLHUXWRDOHWRZHJRRNWyU\FKRQMHV]F]HQLHZLH"
&]\ĪE\SRUDQQHZLDGRPRĞFLUDGLRZHSRGDá\UHZHODFMĊRMHJRQRZ\P]DVWRVRZDQLX"²
&]\XMDZQLRQRZQLPGRWąGQLH]QDQąDZDĪQąZLWDPLQĊ"1LH²RGSRZLHGĨMHVWLQQD
OHF]DQLáDWZDDQLSURVWD7\FKRWRELHJQąF\FKOXG]LVSRWNDáRQLH]Z\NáHZ\UyĪQLHQLH/RV
VSUDZLáĪH]QDOHĨOLVLĊZRNROLF\VNOHSXGRNWyUHJRDNXUDWSU]\ZLH]LRQRWUDQVSRUWWRD-
OHWRZHJRSDSLHUX&\NDOLFLHUSOLZLHPRĪHQDZHWJRG]LQDPLQDMHJRUR]SDNRZDQLHLRG-
G]LHOHQLH ]QDF]QHM MHJR F]ĊĞFL QD SU\ZDWQH SRWU]HE\ VSU]HGDZFyZ SU]HF]HNDOL F]DV
JG\ VSU]HGDZF\ ]PĊF]HQL QDGPLDUHP SUDF\ ]DZLHVLOL VZą G]LDáDOQRĞü GOD ]MHG]HQLD
RELDGXSLFLDNDZ\QLHNRĔF]ąF\FKVLĊSRJDZĊGHNOXG]LNWyU\PVLĊGRQLF]HJRQLHĞSLH-
V]\,GRF]HNDOLVLĊUR]SRF]ĊFLDUHJXODUQHMVSU]HGDĪ\3RF]\PQDNXSLOLW\OHLOHW\ONRE\OL
Z VWDQLH XQLHĞü ZáDVQ\PL VLáDPL &L NWyU]\ PLHV]NDMą QLHGDOHNR SRELHJOL SR SRPRF
]DZLDGDPLDMąFZV]\VWNLFKSRGURG]HRUDGRVQHMQRZLQLH6]F]ĊĞFLHVSDGDQDOXG]LQLH-
RF]HNLZDQLHVWąGHQWX]MD]PZLFKVSRMU]HQLDFK]DĞ]GRE\FLHSDSLHUXWRDOHWRZHJR]D-
OLF]DVLĊGRQDMV]F]ĊĞOLZV]\FKRNROLF]QRĞFLĪ\FLDZNRPXQL]PLH
DTP by SHADE 57
'ODF]HJRNUDMHNRPXQLVW\F]QH]GROQHGRSURGXNFMLHOHNWURZQLDWRPRZ\FKLSRMD]-
GyZNRVPLF]Q\FKQLHVąZVWDQLHZ\SURGXNRZDüGRVWDWHF]QHMLORĞFLSDSLHUXWRDOHWR-
ZHJRGODVZ\FKPLHV]NDĔFyZSR]RVWDMH]DJDGNą]NWyUHMUR]ZLą]DQLD]UH]\JQRZDá\
MXĪQDMĞPLHOV]HLQDMWĊĪV]HXP\Vá\HSRNL0yMNRPHQWDU]ZWHMPLHU]HPDZLĊFQLHZLHOH
V]DQVQDUR]MDĞQLHQLHPURNyZ6NáRQQ\MHVWHPXSDWU\ZDüHZHQWXDOQRĞüMHM]UR]XPLH-
QLDZPHWDIL]\FHDF]NROZLHNMHVWWRLQVWUXPHQW]E\WPRGQ\RVWDWQLRDE\E\üSU]\GDW-
Q\P Z UR]MDĞQLDQLX WDMHPQLF E\WX 6WRVXQNRZR QDMSURVWV]\P L SRZV]HFKQLH SU]\MĊ-
W\PZ\WáXPDF]HQLHPMHVWĪHZSODQRZDQHMJRVSRGDUFHNRPXQLVW\F]QHMU]ąG]L]DVDGD
ZDĪQRĞFLDQLHSRWU]HE\3DSLHUWRDOHWRZ\MHVWOXG]LRPSRWU]HEQ\QLHMHVWMHGQDNGRĞü
ZDĪQ\ZHGáXJHNRQRPLF]Q\FKWHRULL+LHUDUFKLĊZDĪQRĞFLXVWDOD]DĞFLąJOHWHRULDWUXG-
QR VLĊ ZLĊF G]LZLü ĪH PQyVWZR DWU\EXWyZ QDMSURVWV]HJR F]áRZLHF]HĔVWZD QLH RVLąJD
RGSRZLHGQLHJRV]F]HEODZDĪQRĞFL
3U]\E\V]]NUDMyZNRPXQLVW\F]Q\FKQDNDSLWDOLVW\F]Q\=DFKyGSU]HFKRG]L]NROHL
SU]H] VWDQ GXFKRZHJR SRGQLHFHQLD NWyU\ QD]ZDü PRĪQD ZVWĊSQą REVHVMą SDUyZHN
']LZQ\LQLHZ\WáXPDF]DOQ\IDNWĪHQDNDĪG\PURJXXOLF\RWU]\PDüPRĪQD]DQLHZLHO-
Ną RSáDWą JRUąFą SDUyZNĊ Z\GDMH PX VLĊ ]MDZLVNLHP ] SRJUDQLF]D F]DUQHM PDJLL OXE
RVLąJQLĊFLHP QD PLDUĊ EXGRZ\ 3LUDPLG &]\ ]QDF]\ WR ĪH Z NRPXQL]PLH QLH ]QDMą
HSRNRZHJRZ\QDOD]NXSDUyZNL"3DUyZNL]QDQHVąZNRPXQL]PLHW\ONRQLJG\LQLJG]LH
QLHPRĪQDLFKGRVWDü]ZáDV]F]DJG\PDVLĊQDQLHRFKRWĊ*G\VLĊQLHPDRFKRW\OXE
JG\VLĊ]DSRPQLDáRGRV]F]ĊWQLHRLFKLVWQLHQLX²NV]WDáWLFKQDJOHSRMDZLDVLĊZRNQLH
Z\VWDZRZ\PMDNLHJRĞVNOHSXGRNąGZFKRG]LVLĊSRWRW\ONRDE\]QDOHĨüZQLPVNUĊ-
FRQ\ZLHORNURWQLHRJRQHNGRODG\R]QDF]DMąF\FDáHJRG]LQ\F]HNDQLD]DQLPVLĊRWU]\PD
SDUyZNĊ2GF]DVXGRF]DVXZy]NL]SDUyZNDPLMDNEáĊGQHRJQLNLQDEDJQDFKSRMD-
ZLDMąVLĊQDXOLFDFKNRPXQLVW\F]Q\FKPLDVWOHF]LFKHJ]\VWHQFMDQLHPDQLFZVSyOQHJR
]MDNąNROZLHNSUDZLGáRZRĞFLą,FKRSHUDWRU]\RWU]\PXMą]HVZHJRSDĔVWZRZHJRSU]HG-
VLĊELRUVWZDV]W\ZQąSHQVMĊLXQLH]DOHĪQLHQLVąRGREURWXWRZDUHPLFKSURILWLQFHQWLYHV
Vą PLQLPDOQH VSU]HGDĪ PDáR LFK LQWHUHVXMH 7R RVWDWQLH VWZLHUG]HQLH QLH RGSRZLDGD
FDáHMSUDZG]LHDOERZLHPLQWHUHVXMHLFKVSU]HGDĪDOHQLHSUDZRZLWHPXVSUDJQLRQHPX
SDUyZHNNRQVXPHQWRZL SR XU]ĊGRZHM FHQLH :ROą RQL VSU]HGDüRG UĊNL FDá\ FRG]LHQ-
Q\SU]\G]LDáQLHOHJDOQ\PSU]HGVLĊELRUFRP]F]DUQHJRU\QNXFRMHVWSU]HGVLĊZ]LĊFLHP
QLHEH]SLHF]Q\POHF]VRZLFLHRSáDFDOQ\PSRF]\PXU]ĊGRZDüRSDUFLZ\JRGQLHRVZH
Zy]NLSU]H]SU]HSLVRZHJRG]LQ]]DáRĪRQ\PLUĊNDPLLQIRUPXMąFJáRGQ\FK²]JRGQLH
]SUDZGą²ĪHFDá\WRZDUMXĪZ\SU]HGDQ\:WHQVSRVyEDPDWRUSDUyZHNRGSRZLHGĨ
WDNąRWU]\PDüPRĪH]VDPHJRUDQDQDW\FKPLDVWSRSRMDZLHQLXVLĊZy]NDZSXQNFLH
VSU]HGDĪ\6SU]HGDZFDRF]XOV]\PVHUFXOXEZURG]RQHMXSU]HMPRĞFLVNáRQQ\MHVWF]D-
VHPSRZLDGRPLüUR]F]DURZDQHJRDPDWRUDJG]LHPRĪHRWU]\PDüXSUDJQLRQ\SDUyZNĊ
FR]D]Z\F]DMMHVWEDUG]RGDOHNRLSRRZLHOHZ\ĪV]HMRGXU]ĊGRZHMFHQLH7DNLHPDQLIH-
VWDFMHF]áRZLHF]HĔVWZD]GDU]DMąVLĊMHGQDNU]DGNRERZLHPVSU]HGDZFDRLOHQLHMHVW
NRPSOHWQ\PLGLRWDZLHĪHĞZLDWURLVLĊRGSURZRNDWRUyZWDMQ\FKSROLFMDQWyZLLQVSHN-
WRUyZSU]HGVLĊELRUVWZDNWyUHJRMHVWRQGXPąLSRGSRUąLRGNWyUHJRRWU]\PXMHSUH-
PLH]DVSUDZQLHLV]\ENRVSU]HGDZDQ\WRZDU=GDU]DMąVLĊMHGQDNVSU]HGDZF\QLHVNR-
UXPSRZDQL OHF] U]HWHOQL F]áRQNRZLH SDUWLL NRPXQLVW\F]QHM SRVáXV]QL MHM ZH]ZDQLRP
OXEFKRüE\W\ONRRĪ\ZLHQLGXFKHPPLVMLQLHVLHQLDSDUyZHNW\PNWyU]\LFKSRWU]HEXMą
:WHG\Z\VLáNLLFKNU]\ĪRZDQHVąSU]H]SODQRZDQLH3RZLHG]P\ĪHZSODQLHSU]HGVLĊ-
ELRUVWZDUR]SURZDG]DMąFHJRSDUyZNLXVWDORQ\]RVWDáSXQNWVSU]HGDĪ\ZRNROLF\ZLHONLHM
EXGRZ\ QD NWyUHM SUDFXMą W\VLąFH URERWQLNyZ DOER SU]\ SU]\VWDQNX DXWREXVRZ\P
QDNWyU\PZ\VLDGDMąW\VLąFHSUDFRZQLNyZ3RPLĊG]\SODQHPDMHJRUHDOL]DFMąLVWQLHMH
Z NRPXQL]PLH ]DZV]H RV]RáDPLDMąFD UR]ELHĪQRĞü GRFKRG]ąFD F]DVHP GR ZLHOX ODW
UyĪQLF\ 7RWHĪ JG\ VSU]HGDZFD SU]\E\ZD ]H VZ\P Zy]NLHP RND]XMH VLĊ ĪH EXGRZD
GDZQR]RVWDáDXNRĔF]RQDLMXĪVLĊZDOLSU]\VWDQHN]DĞGDZQR]RVWDáSU]HQLHVLRQ\JG]LH
LQG]LHM ZRNRáR UR]FLąJD VLĊ SXVWH SROH ]DĞ QDMEOLĪV]HJR SU]HFKRGQLD ZLGDü QD KRU\-
]RQFLH.RPXQLVW\F]QHPXVSU]HGDZF\QLHZROQRMHVWMHGQDNRSXĞFLüSRVWHUXQNXZREHF
WHJRVWRLRQWDPSU]H]SHáQHJRG]LQQLHVSU]HGDMąFDQLMHGQHMSDUyZNL-HJRVXJHVWLH
DTP by SHADE 58
DE\]PLHQLüORNDFMĊSU]\MPRZDQHVąĪ\F]OLZLHSU]H]MHJREH]SRĞUHGQLFK]ZLHU]FKQLNyZ
OHF]GHF\]MD]PLDQ\PXVLSU]HMĞüSU]H]W\OHLQVWDQFMLSODQyZX]JRGQLHĔL]ZLHU]FKQL-
NyZMHJR]ZLHU]FKQLNyZĪHPLMDMąGáXJLHPLHVLąFHZF]DVLHNWyU\FKVSU]HGDZFDZUDFD
FRG]LHQQLH]QLHVSU]HGDQ\PLSDUyZNDPL=EUDNXRGSRZLHGQLFKXU]ąG]HĔFKáRGQLF]\FK
Z\U]XFDVLĊMHZLĊFQDĞPLHWQLNJG]LHRNROLF]QHSV\JU\PDV]ąQDGQLPL]SU]HMHG]HQLD
,QQH UR]ZLą]DQLH SUREOHPX OXE W]Z SRP\VáRZD LQLFMDW\ZD QLH ZFKRG]ą Z JUĊ
DOERZLHPKDQGHOZNRPXQL]PLHQLHNLHUXMHVLĊDQL]DVDGą]\VNXDQL]DVDGąREGDU]H-
QLDJáRGQ\FKQDGZ\ĪNąSURGXNF\MQąOHF]W]ZVRFMDOLVW\F]Q\PLQRUPDPLSUDF\NWyUH
Z\NOXF]DMą SRQLĪDQLH JRGQRĞFL OXG]NLHM SU]H] ILODQWURSLĊ QDWRPLDVW GEDMą R WR DE\
QDMPQLHMV]\ĞODGSU]HGVLĊELRUF]RĞFL]ZDQ\RILFMDOQLHNRUXSFMąQLHZFLVQąáVLĊZGXV]H
SUROHWDULDWX7RWHĪRLOH]QLHSUDZLHQLNROHG]\LRV]XĞFLQLHSRLQIRUPXMąLGHDOLVW\F]QHJR
VSU]HGDZFĊRW\PĪHOHSLHMVSU]HGDü]JUXE\P]\VNLHPQDF]DUQ\PU\QNX²]JáRGQLDOL
SDUyZHNOXG]LHQLHPDMąV]DQVQDLFK]GRE\FLHRLOH]DĞVSU]HGDZFDZHMG]LHQDGURJĊ
]áDSU]HVWĊSVWZDLU\]\NDMHJRPDWHULDOQHSRZRG]HQLHZ]URĞQLHDMHJRSRWU]HEDVáXĪ-
E\ VSRáHF]QHM ]RVWDQLH ]DVSRNRMRQD &R SUDZGD SDĔVWZR NRPXQLVW\F]QH X]QD JR ]D
VSHNXODQWDDOHOXG]LHEĊGąPLHOLSDUyZNL1DWOHW\FKGDQ\FKQLHWUXGQRMHVW]UR]XPLHü
GODF]HJRSU]\E\V]]NRPXQL]PXGRVWU]HJDMąF\]RNQDVZHJRKRWHOXZ1RZ\P-RUNX
Zy]HN]SDUyZNDPLQDURJXXOLF\DSU]\QLPVSU]HGDZFĊFKĊWQHJRXáDWZLüPXQDE\FLH
SDUyZNLRNDĪGHMSRU]HGQLDLQRF\²XZDĪD]MDZLVNRWR]DIDWDPRUJDQD]áXG]HQLH
]P\VáyZ OXE F]DUQRNVLĊVNą V]WXF]NĊ QLHZ\WáXPDF]DOQą UR]XPHP , W\ONR LQWHOLJHQWQ\
NRPXQLVWDZLHUQ\VZHMZV]HFKZ\MDĞQLDMąFHMLGHRORJLLZLHĪHZy]NLWH]RVWDá\XP\ĞOQLH
SRVWDZLRQH ZRNyá MHJR RNLHQ Z FHODFK SURSDJDQGRZ\FK DE\ GDü PX IDáV]\Z\ REUD]
$PHU\NL]DĞVSU]HGDZF\VąDJHQWDPL&,$
2JRQHNMHVWV\PEROHPNRPXQL]PXMDNVLHUSLPáRWDOHMHVWWDNĪHLMHJRQDMEDU-
G]LHMLPPDQHQWQąZáDĞFLZRĞFLąRNUHĞODMąFąZQLPOXG]NLHLVWQLHQLHF]\PDQLVLHUSDQL
PáRWQLHVą&]áRZLHNZNRPXQL]PLHVSĊG]DVZHĪ\FLHZRJRQNX7UDJL]PRJRQND]DQD-
OL]RZDüPRĪHP\QDSU]\NáDG]LHV]\QNL.WRвSRZLHG]P\NRPXQLVW\F]Q\(YHU\PDQ
²NWRZĊGUXMHSU]H]VNOHS]ZĊGOLQDPLZLG]LĪHSU]\MHGQ\P]HVWRLVNVSU]HGDMąV]\Q-
NĊ²SLĊNQąV]\QNĊFKXGąLUyĪRZąV]\QNĊ±PDU]HQLHRMDNLHMOXG]LHZNRPXQL]PLH
ĞQLąSRQRFDFK5]HF]MDVQDGRVWRLVND]V]\QNąFLąJQLHVLĊRJURPQ\RJRQHN(YHU\PDQ
Z]G\FKDFLĊĪNRZLHĪHRJRQHNWDNLR]QDF]DEDUG]RGáXJLHVWDQLHOHF]V]\QNDSDFKQLH
ZRáDNXVLQĊFL5RG]LQD(YHU\PDQDQLH]D]QDáDVPDNXV]\QNLRGZLHOXW\JRGQLPRĪH
PLHVLĊF\]DWHPVWUDWDF]DVX]DQLHGEDQLHZSUDF\F]\SRPLQLĊWHZDĪQHVSRWNDQLHQLH
Z\GDMąVLĊFHQą]E\WZ\JyURZDQ\]DUR]NRV]HV]\QNL(YHU\PDQVWDMHZLĊFZRJRQNX
LZROQRZROQLXWNRSRVXZDVLĊGRSU]RGX:PLDUĊMDNVLĊSRVXZDĞZLDGRPRĞüMHJR
²Z\SHáQLRQDPLUDĪHPV]\QNLLZROąMHM]GRE\ZDQLD²]DF]\QDUHMHVWURZDüSHZQHHOH-
PHQW\V\WXDFMLQLHXZ]JOĊGQLRQHXSU]HGQLRDOERQLHSU]HZLG]LDQHMDNZV]\VWNRFRXOHJD
SU]HREUDĪHQLRP Z OXG]NLP HVVH ]JRGQLH ] SUDZHP +HUDNOLWD 3R SLHUZV]H ² V]\QND
]QLNDZSU]HUDĪDMąF\PWHPSLHLV]\ENDRFHQDRGOHJáRĞFLRGV]\QNLVNDONXORZDQDZH-
GáXJMHMLORĞFLZ\GDMHVLĊZVND]\ZDüQDWRĪHJG\(YHU\PDQGRMG]LHGRODG\V]\QNL
MXĪQLHEĊG]LH'ODNDĪGHJRNXSXMąFHJRZVNOHSLHNDSLWDOLVW\F]Q\PHZHQWXDOQRĞüWDND
Z\GDMHVLĊDEVXUGHPERVNOHS\ZNDSLWDOL]PLHU]DGNRNLHG\QLHVą]GROQH]DVSRNRLü
LORĞFLRZ\FKSRWU]HEVZRLFKNOLHQWyZDMXĪF]\VW\PVXUUHDOL]PHPZ\GDMHVLĊIDNWDE\
PRJáRLPQLHZ\VWDUF]\üV]\QNLZF]DVLHSRNRMXLEH]Ī\ZLRáRZHMNDWDVWURI\WU]ĊVLHQLD
]LHPL Z QDMEOLĪV]\P VąVLHG]WZLH SRQDGWR MHĞOL QDZHW ] QLHZLDGRP\FK L EH]VHQVRZ-
Q\FK SU]\F]\Q ]DLVWQLDáE\ VWDQ WDNLHJR EUDNX NOLHQW SU]\V]HGáE\ SR SURVWX QD]DMXWU]
LWDU]DáVLĊZPRQVWUXDOQ\FK]ZDáDFKV]\QNLSU]\WUDQVSRUWRZDQHMEá\VNDZLF]QLHSU]H]
VNOHSNWyU\Z\F]XáE\QDJáHLQLHVSRG]LHZDQH]DSRWU]HERZDQLHQDV]\QNĊZĞUyGVZRLFK
NOLHQWyZ $OH Z NRPXQL]PLH MDN WR (YHU\PDQ ZLH VNOHS RWU]\PXMH SU]\G]LDá WRZDUX
]JRGQLHSODQHPDQLH]]DSRWU]HERZDQLHPWRWHĪJG\SU]\G]LDáVLĊZ\F]HUSLHĪDGQD
VLáD QLH MHVW Z VWDQLH ]DVSRNRLü SRS\WX =DĞ SU]\G]LDá\ V]\QNL RG F]DVX ]Z\FLĊVWZD
UHZROXFML Vą PLNURVNRSLMQH L SR]RVWDMą Z IDWDOQLH RGZURWQHM SURSRUFML GR ]DSHZQLHĔ
NRPXQLVW\F]QHM SUDV\ R QLHERW\F]QHM Z\ĪV]RĞFL NRPXQLVW\F]QHM JRVSRGDUNL UROQLF]R±
DTP by SHADE 59
KRGRZODQHMQDGJQLMąF\NDSLWDOLVW\F]Qą1DW\PMHGQDNQLHNRĔF]ąVLĊHJ]\VWHQFMDOQH
NáRSRW\(YHU\PDQD]EOLĪDMąFVLĊGRV]\QNLSRSDGDRQZUR]WHUNLZ\QLNDMąFH]SUREOH-
PDW\NLMDNRĞFL&XGRZQDPLĊVLVWDUyĪRZDV]\QND]PLHQLDVLĊ]NDĪGąFKZLOąL]NDĪ-
G\P SU]HE\W\P SU]H] (YHU\PDQD MDUGHP SU]HVWU]HQL Z WáXVWą QLHDSHW\F]Qą SHáQą
Ī\áV]\QNĊMDNĪHGDOHNąRGMHMREUD]XVSU]HGSyáJRG]LQ\JG\]GHF\GRZDáVLĊRQQD
]DMĊFLH PLHMVFD Z RJRQNX 2F]\ZLĞFLH HJ]\VWHQFMDOL]P PD MXĪ (YHU\PDQD Z VZRLFK
V]SRQDFKLZGURG]HZROQHJRZ\ERUXPRĪHRQRJRQHNRSXĞFLüOHF]ZáDĞQLHWHQZ\EyU
ZáDVQHJRORVXMHVWVSUDZąQDMEDUG]LHMVNRPSOLNRZDQą:Sá\ZDMąQDĔERGĨFHLXZDUXQ-
NRZDQLD]]HZQąWU]MDNQDSU]\NáDGQLHXVWDMąFDG\VNXVMDWRF]ąFDVLĊPLĊG]\VWRMąF\PL
ZRJRQNXQDWHPDWUyĪQ\FK]DJDGQLHĔ]ZLą]DQ\FK]V]\QNąZDVSHNFLHKLVWRULLLFKZLOL
ELHĪąFHM.WRĞZ\VáDQ\QDUHNRQHVDQV]SRáRZ\GURJLSU]\QLyVáZáDĞQLHZLDGRPRĞüĪH
RERNVSU]HGDZF]\QLOHĪ\QDVWĊSQ\ĞZLHĪ\QLHQDSRF]ĊW\SRáHü]]DSDVXSU]H]QDF]RQH-
JRGRG]LVLHMV]HMVSU]HGDĪ\7DLQIRUPDFMD]PLHQLDNDUG\QDOQLHREOLF]HQLD-HVWV]DQVD
ĪHOXG]LHSU]HG(YHU\PDQHPZ\NXSLąEU]\GNąLWáXVWąV]\QNĊDQDQLHJRSU]\SDGQLH
ĞZLHĪR QDSRF]ĊWD L VRF]\VWD :DUWR ZLĊF VWDü QDVWĊSQH Syá JRG]LQ\ FKRFLDĪ MHVW WR
NDONXODFMDRERVLHF]QDEROXG]LH]SU]RGXMXĪVLĊEXQWXMąRGPDZLDMąNXSQDLNáyFąVLĊ
]H VSU]HGDZF]\QLą JáRV]ąF VZą JRU\F] L UR]F]DURZDQLH ]DZLHG]LRQ\FK L RV]XNDQ\FK
: LVWRFLH Z NDSLWDOL]PLH NDĪG\ NOLHQW Z\ĞPLDáE\ VSU]HGDZF]\QLĊ NWyUD ]HFKFLDáDE\
PXFRĞWDNLHJRVSU]HGDüMDNRV]\QNĊNRPXQL]PMHGQDNSROHJDQDG\VF\SOLQLHLGHNUH-
FLH²WDNZLĊFWRFR]RVWDáRRILFMDOQLHSU]H]SDĔVWZRZ\VNOHSX]QDQH]DV]\QNĊQLH
PRĪH E\ü SRGDQH Z ZąWSOLZRĞü SU]H] NXSXMąFHJR 6SU]HGDZF]\QL PD ZLĊF NOLHQWyZ
ZJáĊERNLHMSRJDUG]LHNURLZVWUĊWQąV]\QNĊ]RERMĊWQRĞFLąJUHFNLHMPRMU\LW\ONRP\ĞOL
RW\PMDNE\SRWHPSURWHVWXMąF\P]URELüQD]áRĞü1LHPQLHMRSW\PLVW\F]QHREOLF]HQLD
(YHU\PDQD]GDMąVLĊE\üW\PUD]HPVáXV]QHGREUDJZLD]GDSU]\ĞZLHFDMHJRĪDUOLZ\P
NRPELQDFMRPLRVLąJDRQODGĊZáDĞQLHJG\]áDV]\QNDNRĔF]\VLĊLHNVSHGLHQWND]U]XFD
QLHSU]\GDWQHMXĪUHV]WNL]PDV]\Q\(YHU\PDQF]HND]]DXIDQLHPDĪQDáRĪ\RQDQRZą
L]DF]QLHNURLüOHF]WRZáDĞQLHQLHQDVWĊSXMH(NVSHGLHQWNDRĞZLDGF]DĪHQLHPDZLĊFHM
V]\QNLĪHNRQLHF]V]\QNąQDG]LVLDM
:]EXU]RQ\(YHU\PDQLWáXP]DQLPZVND]XMąQDRJURPQ\LQLHQDSRF]ĊW\EORNĞZLH-
ĪHMV]\QNLOHF]HNVSHGLHQWNDPyZL]LPQRĪHMHVWWRSU]\G]LDáQDMXWURLFKRZDMąSRG
ODGĊ=DF]\QDMąVLĊDZDQWXU\OXG]LHNU]\F]ąQDVSU]HGDZF]\QLĊWDZ\P\ĞODOXG]LRP
SRZRáXMHVLĊQDSU]HSLV\ZDOF]\]DMDGOHOHF]]SRJDUGąSHZQDVZHMQLHQDUXV]DOQRĞFL
-HVW SUDFRZQLFD SDĔVWZD QD XU]ĊG]LH VWRL ]D QLą UDFMD SROLW\F]QD DXWRU\WHW ZáDG]\
OXGRZHMSRWĊJDNRPXQL]PX0DU[/HQLQLSODQVSU]HGDĪ\=DĞ(YHU\PDQLOXG]LH]D
QLP Vą SRGPLRWHP QD ] JyU\ SU]HJUDQHM SR]\FML R VZH SUDZR GR V]\QNL PXV]ą VLĊ
NáyFLü]SDĔVWZRZ\PVNOHSHPF]\OL]SDĔVWZHPF]\OL]RILFMDOQąGRNWU\QąVSRáHF]Qą
F]\OL ] 0DU[HP L /HQLQHP 3RQDGWR VSU]HGDZF]\QL PD VZH SRZDĪQH YHVWHG LQWHUHVWV
Z QRZHM V]\QFH PXVL ]DEUDü MHM QDMOHSV]ą ZDUVWZĊ GOD VLHELH GR GRPX SRWHP GOD
VZHMGDOV]HMURG]LQ\NWyUDMXĪGDáDMHMSLHQLąG]HQDWRSRWHPGODNLHURZQLNDVNOHSX
ERWU]HEDE\üGREU]H]SU]HáRĪRQ\PLLGODNROHĪDQHN]LQQ\FKG]LDáyZNWyUHZ]DPLDQ
GDG]ąMHMOHSV]HPDVáRLQLHGRVWĊSQHGODWáXPXRZRFH]LPSRUWX3RJUąĪRQ\ZNOĊVFH
(YHU\PDQRGFKRG]L]RSXV]F]RQąJáRZąLRERODá\PLQRJDPL3U]HFKRG]ąFRERNVWRLVND
] VHUHP ZLG]L ĪH ZáDĞQLH QDSRF]ĊWR RJURPQą JRPXáĊ VHUD MDNĪH U]DGNLHJR Z W\P
VNOHSLHZW\PPLHĞFLHZW\PNUDMX-XĪIRUPXMHVLĊGáXJDNROHMNDGRVHUD(YHU\PDQ
ZDKDVLĊJRUąF]NRZRZQRZ\PHJ]\VWHQFMDOQ\PQLHSRNRMX6WDQąüF]\QLH"2JDUQLD
JRUR]SDF]ZGRPXURG]LQDFKFHMHĞü&K\EDVWDQLH
*G\²ZHNRQRPLFHNDSLWDOLVW\F]QHM²QRZ\SURGXNWSRMDZLDVLĊQDU\QNXORV\
MHJRáDWZHVąQDRJyáGRSU]HZLG]HQLD-HĞOLMHVWZDUWRĞFLRZ\L]GREĊG]LHSRZRG]HQLH
GRVWDUF]DQ\EĊG]LHQDU\QHNZRGSRZLHGQLFKLORĞFLDFKGRSRS\WXQDĔLNDĪG\EĊG]LHJR
PyJáQDE\ü-HĞOLRGQLHVLHGXĪ\VXNFHVMHJRSURGXFHQFLU]XFąJRZNUyWFHGRVNOHSyZ
ZQRZ\FKFLąJOHXOHSV]DQ\FKZHUVMDFKSRGQRV]ąFMHJRJDWXQHNGODZ]PRĪHQLDQLP
]DLQWHUHVRZDQLDLPQRĪHQLD]\VNX,POHSV]\SURGXNWW\PSHZQLHMV]\PE\üPRĪQDĪH
U\QHN]DRSDWU]RQ\ZHĔEĊG]LHZFRUD]ZLĊNV]\FKLORĞFLDFKQLNWQLHPXVLVLĊĞSLHV]\ü
DTP by SHADE 60
GODNDĪGHJRVWDUF]\.RQLHF]QRĞüV]\ENLHJR]DNXSXQDVWĊSXMHZUD]]EUDNLHPSRZR-
G]HQLDSURGXNWX]RVWDMHRQZWHG\U]XFRQ\QDVDOHVJG]LH]RVWDMHSUĊGNRZ\NXSLRQ\
GODVZRMHMWDQLRĞFL
'LDPHWUDOQLHUyĪQDWHFKQLNDG]LDáDZNRPXQL]PLH*G\QRZ\SRV]XNLZDQ\SURGXNW
]QDMG]LHVLĊQDU\QNXD]DLQWHUHVRZDQ\QLPNRQVXPHQWGRZLHVLĊRW\PIDNFLHZVSR-
VyE QDGSU]\URG]RQ\ ² SURURF]\ VHQ V]F]ĊĞOLZH SU]HF]XFLH WHOHIRQ Z ĞURGNX QRF\
²DOERZLHPUHNODPDZVHQVLHLQIRUPDF\MQ\PQLHLVWQLHMH DOERPDZáDĞFLZRĞFLOLWHUD-
WXU\NODV\F]QHMW]QLQIRUPXMHR]MDZLVNXZNLONDVWXOHFLSRMHJRXVXQLĊFLXVLĊZFLHĔ
KLVWRULL ²ZWHG\QDOHĪ\U]XFLüZV]\VWNRLELHFWDPJG]LHPRĪQDJRHZHQWXDOQLHNXSLü
1DW\FKPLDVWRZRĞüDNFMLMHVWZDUXQNLHPMHMSRZRG]HQLDLUR]XPLHüMąQDOHĪ\GRVáRZ-
QLH8F]QLRZLHZ\ELHJDMąZWHG\]HV]Nyá]SRGHNVF\WRZDQ\PLQDXF]\FLHODPLQDF]HOH
SROLFMDQW RSXV]F]D UHJXORZDQLH UXFKX PDV]\QLVWD ]DWU]\PXMH ORNRPRW\ZĊ L SRU]XFD
Mą FKLUXUJ ]G]LHUD ] VLHELH IDUWXFK SRGF]DV RSHUDFML D NRELHW\ Z EyODFK SRURGRZ\FK
SU]HVWDMą NU]\F]Hü L S\WDMą WU]HĨZ\P JáRVHP F]\ QLH PRĪQD E\ F]HJRĞ ]URELü ĪHE\
LRQHPRJá\QDW\FKPLDVWVWDQąüZRJRQNX5]HF]MDVQDWDNRF]HNLZDQ\SURGXNW]QLND
]HVNOHSyZZUD]]MHJRSRMDZLHQLHPVLĊWDPĪHDF]DVHPMHV]F]HL]DQLPWDPGRWU]H
UR]NUDG]LRQ\SU]H]SHUVRQHOVNOHSRZ\GODFHOyZVSHNXODF\MQ\FKSU]HGSXEOLF]QąVSU]H-
GDĪą7RFR]RVWDMHU]XFRQH]RVWDMHQDSDVWZĊV]WXUPXMąFHJRWáXPXUyZQLHĪSHáQHJR
VSHNXODQWyZF]\KDMąF\FKQDSURGXNWGODGDOV]HJRMXĪQLHOHJDOQHJRQLPREURWXSRZLD-
GRPLRQ\FKZF]HĞQLHML]DRGSRZLHGQLPZ\QDJURG]HQLHPSU]H]SHUVRQHO5]HF]MDVQD
MXĪZNUyWFHSURGXNWWHQ]QDMG]LHVLĊQDF]DUQ\PU\QNXJG]LHQDQDE\FLHJRSR]ZROLü
VRELHEĊGąPRJOLW\ONREDUG]RQLHOLF]QL'ODIDQDW\NDOHJDOQRĞFLNWyUHPXQLHXGDáRVLĊ
JRRGUD]XL]JRGQLH]SUDZHP]GRE\üSU]HVWDáRQLVWQLHüUD]QD]DZV]HDWRJáyZQLH
]GZyFKSRZRGyZ
 DOERIDEU\NDNWyUDJRZ\SURGXNRZDáDSU]HVWDQLHJRSURGXNRZDü
 DOERMHĞOLEĊG]LHJRSURGXNRZDüQDGDOSURGXNWEĊG]LHFRUD]JRUV]\ZVWRSQLX
RGZURWQLHSURSRUFMRQDOQ\PGRVZHJRVXNFHVX
7HQSU]HG]LZQ\LQDJá\XSDGHNF]HJRĞ SU]HGPLRWLQVW\WXFMDVSRáHF]QDXVáXJD 
FRRGQLRVáR]DVáXĪRQHSRZRG]HQLHáVXNFHVVWDQRZLRWFKáDQQą]DJDGNĊNRPXQLVW\F]QHM
JRVSRGDUNL-HMZ\WáXPDF]HQLDV]XNDüQDOHĪ\ZSU]HSDĞFLDFKLGHRORJLLLMHMWHUPLQROR-
JLLRNUHĞODMąFHMNDĪGH]MDZLVNRZNDWHJRULDFKUR]XPRZDQLDZ\P\ĞORQ\FKSU]H]V]WDE
EROV]HZLFNLHMUHZROXFMLZ5RVMLODWWHPXOHF]FLąJOHXZDĪDQHJRSU]H]NRPXQLVWyZ
]D QDMZáDĞFLZV]\ VSRVyE SRUR]XPLHZDQLD VLĊ ] U]ąG]RQ\PL PDVDPL : NDSLWDOL]PLH
QRZ\ SURGXNW V]XNDMąF\ ]E\WX SU]\ SRPRF\ UHNODP\ SRGNUHĞOD VZD QRZRĞü LQQRĞü
EąGĨZ\ĪV]RĞüQDGMXĪLVWQLHMąF\PLQDU\QNXEąGĨRGZRáXMHVLĊGRVZHMXĪ\WHF]QRĞFL
ZXáDWZLDQLXĪ\FLDEąGĨDSHOXMHGRLQW\PQ\FKSRWU]HELVQREL]PyZ:NRPXQL]PLH
ZUDPDFKRZHM]DVWDQDZLDMąFHMVHPDQW\NLNDĪGD]Z\NáDSDVWDGRSRGáyJQRZ\ĞURGHN
SU]HF]\V]F]DMąF\F]\QDM]Z\NOHMV]DLQVWDODFMDSURMHNF\MQDZQRZR]EXGRZDQ\PNLQLHVą
RNUHĞODQHZSUDVLHUDGLRLWHOHZL]MLMDNRZVSDQLDáH]Z\FLĊVWZRVRFMDOL]PXJLJDQW\F]Q\
NURNQDSU]yGĞZLDWRZHMUHZROXFMLOXEĞPLHUWHOQ\FLRVZLPSHULDOLVW\F]Q\VSLVHNSU]HFLZ
ZáDG]\OXGRZHM7DNSLV]ąRQLFKJD]HW\SRGNUHĞODMąFQDPLĊWQLHĪHWHGREUDZ\SURGX-
NRZDQH]RVWDá\SU]H]3DUWLĊG]LĊNL3DUWLL]SRPRFą3DUWLLLGOD3DUWLL:FLąJXRVWDWQLFK
ODWUHĪ\P\NRPXQLVW\F]QHZ(XURSLHZVFKRGQLHMVWRQRZDá\QLHFRWĊQRPHQNODWXUĊ
L]H]ZROLá\QDDNFHQW\RWU]HĨZLDMąFHJRVDPRNU\W\F\]PX=QDF]\WRĪHQLHSLV]HVLĊMXĪ
WDPRPXV]ODFKNOR]HWRZ\FKMDNRRWULXPILHSUROHWDULDWXDOH]EXGRZDQLHZLĊNV]HJRRG
LQQ\FKGRPXPLHV]NDOQHJRSURGXNFMDZLQGV]\ENRĞFLRZ\FKF]\VSXV]F]HQLHQDZRGĊ
U\EDFNLHJRWUDZOHUDFLąJOHXFKRG]LWDP]DLPSRQXMąFH]Z\FLĊVWZRF]HJRĞQDGF]\PĞ
&LąJOHWHĪMHV]F]HPRĪQDWDPZHMĞüGRVNOHSXGDMP\QDWR]JX]LNDPLJG]LHQLHEĊG]LH
DQLMHGQHJRJX]LNDGRNXSLHQLDQDWRPLDVWZV]\VWNLHĞFLDQ\REZLHV]RQHEĊGąWDEOLFDPL
]Z\NUHVDPLVWDW\VW\F]Q\PLGHPRQVWUXMąF\PLGDQHR±NURWQ\PZ]URĞFLHSURGXNFML
JX]LNyZZVWRVXQNXGRZVNDĨQLNyZVSU]HGNRPXQL]PXħUyGáDWHMERPEDVW\NLWNZLą
ZHQWX]MD]PLHLIUHQH]MLUHZROXF\MQHM]DFRIDQ\FKJRVSRGDUF]RNUDMyZOHF]LFKNRQW\-
QXDFMDSU]H]ODWQLHW\ONRVS\FKDĪ\FLHZNDU\NDWXUĊOHF]GDMHWDNĪHSRGVWDZ\GR
DTP by SHADE 61
NDWDVWURILWRUWXUSV\FKLF]Q\FKOXG]LVWDUDMąF\FKVLĊNXSLüWURFKĊV]\QNLF]\SDSLHUWR-
DOHWRZ\-HĞOLZ\SXV]F]HQLHQDU\QHNMDNRWDNRG]LDáDMąFHMORGyZNLMHVWROĞQLHZDMąF\P
]Z\FLĊVWZHPLGHRORJLL]DвMDNWRNDĪGHPXZLDGRPR²ROĞQLHZDMąF\FK]Z\FLĊVWZQLH
RGQRVLVLĊFRG]LHQQLHSU]\FKRG]ąRQHU]DGNRLPXV]ąVWDUF]\üQDGáXJRSU]HWRQLH-
PRĪQRĞüSRZWyU]HQLD]Z\FLĊVWZDVWDMHVLĊ]UR]XPLDáDXVSUDZLHGOLZLRQDLZ\EDF]DOQD
)DEU\ND RGQLyVáV]\ ]Z\FLĊVWZR VZ\P SURGXNWHP ]DĪ\ZD MHJR VáRG\F]\ L VSRF]\ZD
QDODXUDFKF]\OLQLHSURGXNXMHQLHNRQW\QXXMHQLHXOHSV]D,GHRORJLD]DOLF]\áDVRELH
SXQNW]Z\FLĊĪ\áDZORGyZNDFKLWHUD]PDV]HUXMHNXQRZ\P]Z\FLĊVWZRPQDSHáQ\FK
SU]\V]áHMFKZDá\SRODFKELWHZRP\GáRGRJROHQLDWUDNWRU\VXZDNLGRVSyGQLFURZHU\
LIDVRONĊZSXV]FH.RPXQLVW\F]QD.XEDQD]\ZD]Z\Ná\]ELyUWU]FLQ\FXNURZHM]Z\FLĊ-
VWZHP]DĞMHMSU]\ZyGF\VNDUĪąVLĊĪHQLHPRJą]HEUDüRGSRZLHGQLHMLORĞFLĪQLZGOD
SRNU\FLDVZ\FK]DSRWU]HERZDĔSU]HGNRPXQL]PHPQLNWQLHPyZLáQD.XELHR]Z\FLĊ-
VWZLHZZDOFH]HWU]FLQąFXNURZą]ELRU\]DĞGDOHNRSU]HZ\ĪV]Dá\SRWU]HE\6W\OL]DFMD
RVLąJQLĊFLD JRVSRGDUF]HJR F]\ SURGXNF\MQHJR GRNRQDQLD QD ]Z\FLĊVWZR PRĪH PLHü
GDOHNRVLĊĪQHLJáĊERNLHSHUVSHNW\Z\=Z\FLĊVWZDRGQRV]RQHVąQDGF]\PĞZWLPLĊF]H-
JRĞSU]\SRPRF\F]HJRĞOXEZEUHZF]HPXĞ3RPLMDMąFLPEHF\ORZDW\EHáNRWRUHZROXFML
LLPSHULDOL]PLHZ]HVWDZLHQLX]V]\QNąLSDSLHUHPWRDOHWRZ\PDWDNĪHLGLRW\F]QHURV]-
F]HQLDNRPXQL]PXGRZ\ĪV]RĞFLQDGF]\PNROZLHNZWHUPLQRORJLLXMDZQLDVLĊZSHáQL
MDáRZRĞüGLDOHNW\F]QHJRZ\VLáNXPDUNVLVWyZ&]HJRQDSUDZGĊFKFą"&RSUyEXMą"&]\
QLHFKRG]LLPF]DVHPRSUyEĊSU]HáDPDQLDLSU]HREUDĪHQLDQDWXU\OXG]NLHMDOHZRSDU-
FLXRIDáV]\ZHSU]HVáDQNLPRUDOQHLSV\FKRORJLF]QH",FKHNVSHU\PHQW]ĪHUDHJ]\VWHQFMH
FDá\FK VSRáHF]HĔVWZ XQLFHVWZLD Ī\ZRW\ L ORV\ PLOLRQyZ MHGQRVWHN OXG]NLFK LP GáX-
ĪHMWUZDW\PZLĊFHMSU]\QRVLNOĊVNLUR]F]DURZDĔZEUHZWUąERPJU]PLąF\PRWULXP-
IDFKL]Z\FLĊVWZDFK.ODV\F\LWHRUHW\F\SRVWDZLOLWH]ĊĪHZ]PLHQLRQ\FKZDUXQNDFK
VSRáHF]Q\FK]DNZLWQąLGHDOL]PLDOWUXL]PQDWXUDOXG]NDSU]HNV]WDáFLVLĊZLQVWUXPHQW
GREUDLVSUDZLHGOLZRĞFL:DUXQNL]RVWDá\]PLHQLRQHOHF]QDWXUDOXG]NDQLH]PLHQLáDVLĊ
ZHZVND]DQ\PL]DSODQRZDQ\PNLHUXQNXFRJRUV]D]DвQLFQLHZVND]XMHQDWRĪH
]DF]QLHVLĊ]PLHQLDüZQDGFKRG]ąFHMSU]\V]áRĞFL-HV]F]HQLJG\ZKLVWRULLOXG]NLHJRUR-
G]DMXZDUXQNLVSRáHF]QHQLHVNXPXORZDá\W\OXQDMJRUV]\FKFHFKQDWXU\OXG]NLHM²W\OH
Z]DMHPQHMQLHQDZLĞFL]RUJDQL]RZDQHM]EURGQLVNRQGHQVRZDQHJRSU]\PXVXLPRUGHU-
F]HMRERMĊWQRĞFLF]áRZLHNDGODF]áRZLHNDMDNWRáDWZRMHVW]DREVHUZRZDüZNRPXQL]PLH
-HV]F]HQLJG\]DVDGDKRPRKRPLQLOXSXVQLHVLĊJQĊáDWDNJáĊERNRZHZVSyOQRWĊOXG]Ną
LQLHGRWDUáDGRZ]DMHPQHJRVWRVXQNXF]áRZLHNDVSU]HGDMąFHJRV]\QNĊ]F]áRZLHNLHP
FKFąF\PNXSLüV]\QNĊ:GRV]F]ĊWQLH]PDWHULDOL]RZDQ\PDQW\LGHDOLVW\F]Q\PLRGF]áR-
ZLHF]RQ\P ZHGáXJ NRPXQLVWyZ  NDSLWDOL]PLH DPHU\NDĔVNLP Vá\QQ\P ]H VZHJR SR-
JDUGOLZHJRSRPLDWDQLD ZHGáXJNRPXQLVWyZ F]áRZLHNLHPSUDF\SUDFDOXG]NDVWDáDVLĊ
QDMNRV]WRZQLHMV]\P GREUHP JRVSRGDUF]R±VSRáHF]Q\P 5H]XOWDWHP MHVW WR ĪH NDĪG\
NWR FKFH NXSLü V]\QNĊ RWU]\PD NDĪGą MHM LORĞü ] XSU]HMP\P XĞPLHFKHP VSU]HGDZF\
SDSLHU WRDOHWRZ\ MHVW QLHJRGQ\P XZDJL V]F]HJyáHP FRG]LHQQRĞFL EXGRZDQLH RJURP-
Q\FK GRPyZ PRVWyZ VWDWNyZ QD]\ZD VLĊ ]Z\Náą G]LDáDOQRĞFLą JRVSRGDUF]ą : NR-
PXQL]PLHNWyU\Z]QLyVáZVZHMOLWHUDWXU]HILOR]RILF]QHMLSLĊNQHMJLJDQW\F]Q\SRPQLN
SRMĊFLX SUDF\ L NDQRQL]RZDá SUDFĊ MDNR QDMZ\ĪV]ą ZDUWRĞü ² SUDFD OXG]ND VWDáD VLĊ
QDMWDĔV]ąQDMPQLHMSRĪ\ZQąQDMEDUG]LHMIUXVWUXMąFDVWURQąOXG]NLHMHJ]\VWHQFML:NR-
PXQL]PLHSUDFDQLHMHVWRSáDFDQDOHF]PRW\ZRZDQD]DĞPRW\ZDFMHSRFKRG]ą]OLFKHM
RGF]áRZLHF]RQHMWDQGHWQHMQLNRPXQLHSRWU]HEQHMSVHXGRHZDQJHOLLSROLW\F]QHM3UDFD
ZNRPXQL]PLHQLHPDWUZDáHMNRQNUHWQHM]DFKĊFDMąFHMFHQ\²PDW\ONRX]DVDGQLHQLD
NWyUHQLNRJRQLHREFKRG]ąDZV]\VWNLFKGUDĪQLą.XEDĔVNLZyG]NRPXQLVW\F]Q\XVLáX-
MH]DSáDFLü.XEDĔF]\NRP]DLFKSUDFĊ]Z\FLĊVWZHPLWXZáDĞQLHXND]XMHVLĊRVREOLZH
UR]V]F]HSLHQLHVHQVXWHJRVáRZDGODNXEDĔVNLHJRURERWQLNDUROQHJRMHVWRQR]Z\Ná\P
RV]XVWZHPMHJR]GURZDQDWXUDOXG]NDRSLHUDVLĊVSU]HGDZDQLXVZHJRSRWX]DQĊG]QH
JURV]HSROLW\F]QHMSURSDJDQG\'ODNXEDĔVNLHJRZRG]D]DĞVáRZRWRR]QDF]D]DSRZLH-
G]LDQ\SU]H]NODV\NyZLSURURNyZWULXPIQDGQDWXUąF]áRZLHNDNWyUDZNRĔFDNLHG\Ğ
]PXV]RQD]RVWDQLHGRSUDF\Z]DPLDQ]DVáRZD
DTP by SHADE 62
-DNGRWąGMHGQDNQLFQLHZVND]XMHQDWR]Z\FLĊVWZRQLHPDQDMPQLHMV]HMMHJR]D-
SRZLHG]LZNRPXQL]PLHNWyU\]QDP\3U]HFLZQLH²WU]HĨZHLQLHXSU]HG]RQHRNRSR-
XF]DQDVĪHOXG]NDQDWXUDQLH]PLHQLáDVLĊZQLPDQLQLH]PLHQLD²DMHĞOLMXĪWDNWR
QDJRUV]H1DFDá\PĞZLHFLHZNUDMDFKQLHNRPXQLVW\F]Q\FKPáRG]LXWRSLVW\F]QLOHZL-
FRZF\ZLHU]ąĪHJG\GRMGąGRZáDG]\LXZROQLąVZHVSRáHF]HĔVWZDRGNDSLWDOLVW\F]QHJR
]\VNX²F]\OL]PLHQLąZDUXQNL²VSRáHF]HĔVWZDWH]DF]QąSURGXNRZDüGODVDPHMPL-
áRĞFLSURGXNFMLLOXG]LHRWU]\PDMąEH]SLHF]QLHMV]HVDPRFKRG\OHSV]HPDODUVWZRKLJLH-
QLF]QLHMV]ąNLHáEDVĊ,OHĪSRNROHĔSU]HGQLPLZLHU]\áRZWRVDPR.RPXQL]PZFLąJX
ODWVZHJRLVWQLHQLDZ\ND]DáĪHG]LHMHVLĊZUĊF]SU]HFLZQLH
$NWNXSQDLVSU]HGDĪ\F]\OLDNWZ\PLDQ\MHVWVWDU\MDNOXG]NRĞüMHJRVHQVSR-
OHJD QD Z]DMHPQ\P X]JRGQLHQLX UyZQRZDUWRĞFL RILDURZDQ\FK VRELH Z]DMHPQLH GyEU
7D SRGVWDZRZD ]DVDGD XOHJD FDáNRZLWHPX UR]NáDGRZL Z NRPXQL]PLH &HQD SURGXNWX
ZNRPXQL]PLHQLHPDQLFZVSyOQHJR]MHJRZDUWRĞFLąMHVWZ\áąF]QLHV\PEROHPZUR]-
OLF]HQLXRJyOQRJRVSRGDUF]\FKSODQyZ:WHQVSRVyEDNWKDQGORZHMZ\PLDQ\WUDFLVZH
HNRQRPLF]QHX]DVDGQLHQLHLSU]HVXZDVLĊGRLQQHMNDWHJRULL6WDMHVLĊDNWHPPRUDOQ\P
7UDQVPXWDFMĊWĊQDMáDWZLHMMHVWSU]HĞOHG]LüQDSU]\NáDG]LHNXSRZDQLDVSRGQL=D-
áyĪP\ĪH(YHU\PDQ]QDMGXMHVLĊDNXUDWZSRWU]HELHQDE\FLDVSRGQLLZW\PFHOXXGDMH
VLĊ GR VNOHSX :FKRG]ąF ]DXZDĪ\ SHZQH LORĞFL VSRGQL QD SyáNDFK L QD ZLHV]DNDFK
=EOLĪ\ZV]\VLĊGRQLFKVWZLHUG]LĪHZV]\VWNLHSDU\VSRGQLZ]DVLĊJXMHJRUĊNLLZ]URNX
VąZLGHQW\F]QLHW\PVDP\PNRORU]HNURMXLUR]PLDU]H²RG]LHVLĊüQXPHUyZ]DGXĪH
DOER]DPDáHGODQLHJR=JRGQLH]UR]VąGNLHP]ZUyFLVLĊGRVWRMąFHJRRERMĊWQLHSRG
ĞFLDQąOXEJZDU]ąFHJREH]WURVNR]NROHJąVSU]HGDZF\]SURĞEąRLQIRUPDFMHLZVND-
]yZNL 6SU]HGDZFD QDMSUDZGRSRGREQLHM Z RJyOH QDMHJR S\WDQLHQLH RGSRZLH DMHĞOL
RGSRZLHWRW\ONRDE\V]RUVWNR(YHU\PDQDSRZLDGRPLüĪHLQQ\FKVSRGQLQLHPDNOLHQW
]DĞPRĪHZ]LąüWHMDNLHVąDOERSyMĞüVRELHGRFKROHU\=GDU]\VLĊĪH]GHJXVWRZDQ\
QLHSRZRG]HQLDPL (YHU\PDQ SU]HFLZVWDZL VLĊ UyZQLH V]RUVWNR VSU]HGDZF\ 7HQ MDNE\
W\ONRQDWRF]HNDá²]QLHNáDPDQ\VDW\VIDNFMDREU]XFLRQ(YHU\PDQDVWHNLHPZ\]ZLVN
PV]F]ąF QD QLP ZV]\VWNLH VZRMH ] NROHL QLHSRZRG]HQLD QD NLPĪH ERZLHP PRĪH RQ
OHSLHMXOĪ\üVRELHLVNZLWRZDüJRU\F]HVZHMFLĊĪNLHMLĨOHSáDWQHMSUDF\MDNQLHQDVZR-
MHM ĪRQLH L VZRLFK NOLHQWDFK 1LH MHVW RQ ]DLQWHUHVRZDQ\ Z VSU]HGDZDQLX VZą PDUQą
SHQVMĊRWU]\PD]DZV]HRVZRMąSUHPLĊRGVSU]HGDĪ\F]\OLW]ZERG]LHFHNRQRPLF]Q\
WURV]F]\VLĊQLHZLHOH]HZ]JOĊGXQDMHJRPLQLPDOQRĞüMHVWSUDFRZQLNLHPSDĔVWZRZHJR
VNOHSXNWyU\QLH]RVWDQLH]OLNZLGRZDQ\QDZHWMDNQLHVSU]HGDDQLMHGQHMSDU\VSRGQL
ZFLąJXFDáHJR3ODQX3LĊFLROHWQLHJR3RQDGWR²FRPRĪHMHVWQDMLVWRWQLHMV]H²PDRQ
]XSHáQąUDFMĊLQQ\FKVSRGQLSRSURVWXQLHPDDMHĞOLQDZHWVąWRPXV]ąF]HNDüVZRMHM
NROHMNLGRSyNLELHĪąF\]DSDVQLH]RVWDQLHVSU]HGDQ\DE\QLHPąFLüNOLHQWRPZJáRZLH
W\PFRZ]GHSUDZRZDQ\PNDSLWDOL]PLHQD]\ZDVLĊZ\ERUHP5]HF]MDVQD(YHU\PDQ
Z\FKRG]LEH]VSRGQL$F]NROZLHNPRĪHQDVWąSLüU]HF]QDVWĊSXMąFDVSU]HGDZFDSRF]X-
MHSU]\Sá\ZLGHDOL]PXRFNQLHVLĊZQLPFKĊüVáXĪE\ZáDVQHPXQDURGRZLEąGĨ]DWOLVLĊ
ZQLPQDJáDV\PSDWLDRVRELVWDGOD(YHU\PDQDOXE]Z\NáHOXG]NLHZVSyáF]XFLHQDZLGRN
MHJRUR]SDF]\:WHG\XGDVLĊQD]DSOHF]HVNOHSXLSU]\QLHVLHLQWHUHVXMąFąSDUĊVSRGQL
RGSRZLDGDMąF\FKVNURPQ\PZ\PRJRP(YHU\PDQD)DNWĪHMHGQDQRJDZNDRNDĪHVLĊ
NUyWV]DLZĊĪV]DRGGUXJLHMMHVWMXĪEH]]QDF]HQLD(YHU\PDQ]RERZLą]DQ\WDNLPGRZR-
GHPF]áRZLHF]HĔVWZDQLHEĊG]LHJU\PDVLá(YHU\PDQSáDFLRWU]\PXMHVSRGQLHQLHPDO
QLHQDGDMąFHVLĊGRQRV]HQLDDOHGXV]ĊMHJRZ\SHáQLDXF]XFLHEáRJRĞFL1DE\áVSRGQLH
L]HWNQąáVLĊ]&]áRZLHNLHPNWyU\JR]UR]XPLDáLZ\FLąJQąáGRQLHJRUĊNĊDE\PXSRPyF
ZMHJRQLHGROL&]áRZLHN]DĞPRĪHZ\WU]\PDüNRPXQL]PNRPXQLVW\F]Q\VNOHSLKDQGHO
L NRPXQLVW\F]Qą PĊNĊNXSRZDQLDMHĞOL ZĞUyG W\FK PURNyZEá\ĞQLH PXF]DVHPQLNá\
SáRP\NF]áRZLHF]HĔVWZD
.
-DNE\üRV]XNLZDQ\PSU]H]SDĔVWZR
.
7\WXáQLQLHMV]HJRUR]G]LDáXVIRUPXáRZDQ\MHVWPDáRSUHF\]\MQLH2V]XNLZDQLHRE\-
DTP by SHADE 63
ZDWHOLSU]H]SDĔVWZRMHVWWDNVWDUHMDNVDPRLVWQLHQLHLQVW\WXFMLSDĔVWZDQLHPDZW\P
QLFQRZHJRLNRPXQLVW\F]QHSDĔVWZRQLHPDE\QDMPQLHMPRQRSROXQDG]LDáDOQRĞüWHJR
W\SX5]HF]ZW\PĪHZWUDG\FMLSDĔVWZRZRĞFLOHĪ\RV]XVWZRQDZLHONąVNDOĊRE\ZD-
WHOLRNáDPXMHVLĊFRQD]\ZDVLĊRILFMDOQLHLQIRUPDFMąOXENRQWDNWHP]PDVDPLQDURGX
LQQHSDĔVWZDZSURZDG]DVLĊZEáąGFR]QDQHMHVWSRGQD]ZąSROLW\NL]DJUDQLF]QHMEąGĨ
G\SORPDFML FR VáDEV]H QDURG\ ]PXV]D VLĊ EUXWDOQLH GR NXSRZDQLD OXE VSU]HGDZDQLD
SRV]DOELHUF]\FKFHQDFKFR]ZLHVLĊWDNĪHRĪ\ZLRQąZ\PLDQąKDQGORZąOXEZROQRĞFLą
PyU]3DĔVWZRNRPXQLVW\F]QHRLOHPDSRWHPXZDUXQNLVWRVXMHLGHQW\F]QLHWHVDPH
PHWRG\ZJURPDG]HQLXLNRQVHUZRZDQLXZáDVQHMSRWĊJLSDĔVWZRZHMPQRĪąFMHG\QLHLFK
EUXWDOQRĞüSU]H]WRWDOLWDUQ\V\VWHP]DVDGLGHRORJLF]Q\FKVWDQRZLąF\FKSRGVWDZĊMHJR
G]LDáDĔ1RZRĞFLąZMHJRSUDNW\NDFKMHVWQDWRPLDVWQRWRU\F]QDVNáRQQRĞüGRRNUDGDQLD
VZ\FK RE\ZDWHOL L WR QDZHW QDMXERĪV]\FK ] VXP PLQLPDOQ\FK JURV]RZ\FK NWyU\FK
SRZVW\G]LáE\VLĊFRSU]\]ZRLWV]\]áRG]LHMNLHV]RQNRZ\2LOHPRĪHP\VRELHPQLHMOXE
ZLĊFHMVáXV]QLHZ\REUD]LüREUDERZDQLHMDNLHJRĞNUDMX]ERJDW\FK]áyĪQDIWRZ\FKSU]H]
SRWĊĪQąGHPRNUDFMĊ]DFKRGQLąWRSU]HFLHĪQDZHWDPHU\NDĔVND,QWHUQDWLRQDO5HYHQXH
6HUYLFH]QDQD]HVZHMGURELD]JRZHM]DFKáDQQRĞFLQLHGRVWDUF]DSU]\NáDGyZ]DELHUDQLD
RE\ZDWHORPJZDáWHPSLHQLĊG]\MDNLHVLĊMHMQLHQDOHĪąLGRUXW\Q\]DOLF]\üPRĪQDIDNW\
]ZURWXSLHQLĊG]\NWyUHZSáDFRQH]RVWDá\SU]H]SRP\áNĊ-HĞOLRSRZLHG]LHüPLHV]NDĔ-
FRZLNRPXQL]PXĪHZ$PHU\FHPRĪQDVLĊVSU]HF]Dü]ZáDG]DPLSRGDWNRZ\PLRVXPĊ
GR]DSáDFHQLDDWDNĪHZ\ND]DüRZ\PZáDG]RPĪHZF]\PĞQLHPDMąUDFMLPLHV]ND-
QLHF]DZRáDNDUHWNĊSRJRWRZLDGODRGZLH]LHQLDRSRZLDGDMąFHJRGRV]SLWDODZDULDWyZ
$OERZLHPZLHRQĪHZNRPXQL]PLHRLOHZáDG]HSRGDWNRZH]DĪąGDMąL]DLQNDVXMąRG
QLHJR GZD UD]\ W\OH LOH Z U]HF]\ZLVWRĞFL ZLQLHQ MHVW ]DSáDFLü ]RVWDQLH RQ ]PXV]RQ\
]DUD]SRWHPGR]DSáDFHQLDSUDZLGáRZHMVXP\XNDUDQ\JU]\ZQą]DZSURZDG]HQLHZáDG]
ZEáąGSRGF]DVJG\SLHUZV]\FKZSáDFRQ\FKSLHQLĊG]\QLHXMU]\RQMXĪQLJG\ZĪ\FLX
-HĞOL]DĞ]HFKFHGRFKRG]LüVZHMVáXV]QRĞFLQDGURG]HSUDZQHMSyMG]LHGRZLĊ]LHQLD]D
RV]F]HUF]ąSURSDJDQGĊSU]HFLZZáDG]\OXGRZHMLMHMXU]ĊGRPSRGDWNRZ\P
2V]XNDĔF]HPDQLSXODFMHSRGDWNRZHZREHFZáDVQ\FKRE\ZDWHOLZ\GDMąVLĊMHGQDN
RSHUDFMDPLQDZLHONąVNDOĊZSRUyZQDQLX]LQQ\PLĨUyGáDPLGRFKRGXNRPXQLVW\F]QH-
JRSDĔVWZD.DĪG\F]áRZLHNZNRPXQL]PLHZLHĪHQDMOHSV]\SR]LRPXVáXJRWU]\PDü
PRĪQDZ\áąF]QLH]DUD]SRXUXFKRPLHQLXF]\RWZDUFLXQRZHJRSU]HGVLĊELRUVWZDLMHVW
RQĞFLĞOHRJUDQLF]RQ\F]DVHP=QDF]\WRĪHQDSU]\NáDGGREUHSRVLáNLRWU]\PDüPRĪQD
ZQRZRRWZDUWHMUHVWDXUDFMLMHG\QLHSU]H]NLONDZVWĊSQ\FKGQLMHMLVWQLHQLD2WZDUFLH
]RVWDáR U]HF] MDVQD SU]HGVWDZLRQH Z SUDVLH MDNR QLHE\ZDáH ]Z\FLĊVWZR VRFMDOL]PX
D SRGDZDQH Z QLHM ]XS\ L NRWOHW\ X]QDQH ]RVWDá\ ]D WULXPI PDUNVL]PX ELRUąF SRG
XZDJĊLFKUR]PLDUZVWRVXQNXGRQLVNRĞFLLFKFHQ\7HQVWDQU]HF]\RGSRZLDGDSUDZ-
G]LHSU]H]W\G]LHĔSRF]\PNRWOHWZWHMVDPHMFHQLHRNDĪHVLĊRMHGQąWU]HFLąPQLHM-
V]\-DNWRVLĊG]LHMH"1DGHUSURVWR²NLHURZQLFWZRUHVWDXUDFMLZLG]ąFĪHQLHGDMHRQD
]DSODQRZDQHJR GRFKRGX FR PRĪH IDWDOQLH ZSá\Qąü QD GDOV]ą NDULHUĊ NLHURZQLFWZD
]ZUDFDVLĊGRVZ\FK]ZLHU]FKQLFKZáDG]ZSDĔVWZRZ\PNRQFHUQLHGRNWyUHJRQDOHĪ\
UHVWDXUDFMD]SURSR]\FMąRJUDQLF]HQLDLORĞFLPLĊVDZSRMHG\QF]\PGDQLX2GSRZLHGĨ
RWU]\PXMH]UHJXá\SR]\W\ZQąERZLHPNRQFHUQZDOF]\]WUXGQRĞFLDPLZ]GRE\FLXGR-
VWDWHF]QHMLORĞFLPLĊVDRGZLHF]QLHQLHGRPDJDMąFHJRPLQLVWHUVWZDUROQLFWZD2]PLDQLH
FHQ\QLNWQLHZVSRPLQDE\áRE\WRQLHWDNWHPZREHFXVWDORQHJRUD]QD]DZV]HRJyOQR-
SDĔVWZRZHJRSODQXJRVSRGDUF]HJRZNWyU\PUHVWDXUDFMDILJXUXMHQDVZRLPPLHMVFX
: WHQ VSRVyE NRQVXPHQW ]RVWDMH OHNNR RNUDG]LRQ\ QD NLOND FHQWyZ $OH SDĔVWZR PD
ZVSyOQLNyZ]NWyU\PLPXVLVLĊG]LHOLü-HVWQLPZSLHUZV]\PU]ĊG]LHNXFKDU]NWyU\QLH
PRJąFZ\Ī\ü]SHQVMLPXVLZ\NURLüGODVLHELHFRĞ]NRWOHWDDOHQLHPRĪHWHJRXF]\QLü
GRĞüHIHNW\ZQLHRLOHQLHRGSDOLFRĞG\UHNWRURZL7DNZLĊFSDĔVWZRDE\RNUDĞüNRQVX-
PHQWD]MHGQHMWU]HFLHMNRWOHWDPXVLVLĊ]JRG]LüĪHGZDMMHJRZVSyOQLF\]DELRUąMHGQą
WU]HFLą ² L WDN NRQVXPHQW SR PLHVLąFX SáDFL WĊ VDPą FHQĊ ]D SRáRZĊ WHJR VDPHJR
NRWOHWDNWyU\MHV]F]HWDNQLHGDZQRE\áFKOXEąUHVWDXUDFMLLVRFMDOL]PX
3RP\VáRZRĞüNRPXQLVW\F]QHJRSDĔVWZDZG]LHG]LQLHZ\U\ZDQLDQĊG]Q\FKJURV]\
DTP by SHADE 64
] NLHV]HQL VZ\FK SRGGDQ\FK MHVW ]GXPLHZDMąFD 1D MHGQ\P ] RGOHJá\FK SU]HGPLHĞü
%XGDSHV]WXNRĔF]\áDVLĊOLQLDDXWREXVRZD'URJDGRĞUyGPLHĞFLDE\áDGáXJDLXFLąĪOL-
ZDQLFZLĊFG]LZQHJRĪHPLHV]NDĔF\SU]HGPLHĞFLD]HZ]UXV]HQLHPXMU]HOLSHZQHJR
UDQNDRERNQRUPDOQHJRDXWREXVXDXWREXV]QDSLVHPÄ([SUHVV´REZLHV]RQ\OLF]Q\PL
WUDQVSDUHQWDPLJáRV]ąF\PLĪHZURF]QLFĊ5HZROXFML3DĨG]LHUQLNRZHMLZGRZyGGEDáRĞFL
R]GURZLHPLHV]NDĔFyZSDĔVWZRZHSU]HGVLĊELRUVWZRWUDQVSRUWRZHZSURZDG]DWĊRWR
HSRNRZąLQQRZDFMĊ([SUHVV´PLDááąF]\üEH]SRĞUHGQLRSU]HGPLHĞFLH]HĞUyGPLHĞFLHP
EH]DQLMHGQHJRSU]\VWDQNXSRGURG]HVNUDFDMąFF]DVSU]HMD]GXRSRáRZĊ:]DPLDQ
]D WR RSáDWD ]D SU]HMD]G PLDáD E\ü F]WHURNURWQLH Z\ĪV]D DOH WHĪ L MHJR Z\SRVDĪHQLH
E\áROHSV]HQLĪ]Z\NáHJRDXWREXVXSRGáRJDF]\ĞFLHMV]DLVLHG]HQLDZ\JRGQLHMV]H:LHOX
OXG]LSU]\MĊáRWRXVSUDZQLHQLHWHQWX]MD]PHPDOHZLHOXELHGQLHMV]\FKZLHG]ąFĪHMH-
G\QąU]HF]ąMDNLHMZJRVSRGDUFHSODQRZHM]DSODQRZDüQLHPRĪQDMHVWEXGĪHWXERJLHM
URG]LQ\NRU]\VWDáRQDGDO]XVáXJJRUV]HJRLZROQLHMV]HJRDXWREXVX3RSHZQ\PF]DVLH
]DXZDĪ\OLRQLĪHOLF]EDWDĔV]\FKDXWREXVyZ]PQLHMV]DVLĊLRGFKRG]ąRQHFRUD]U]D-
G]LHM]NRĔFRZHJRSU]\VWDQNXSRGF]DVJG\OLF]EDGURĪV]\FKLOXNVXVRZ\FKSRZLĊNV]D
VLĊ8WUXGQLáRWRLPĪ\FLHZSHZQHMPLHU]HDOHSUDZG]LZHNáRSRW\]DF]Ċá\VLĊGRSLHUR
JG\SHZQHJRUDQNDSU]HF]\WDOLQDSU]\VWDQNXREZLHV]F]HQLHĪHWDĔV]\DXWREXV]RVWDMH
]OLNZLGRZDQ\FDáNRZLFLH]DĞOLF]EDGURĪV]\FKXOHJQLH]ZLĊNV]HQLXWDNĪHZ\SHáQLDRQH
SRWU]HE\ VSRáHF]HĔVWZD &R VLĊ WHĪ VWDáR SR]RVWDZLDMąF XERĪV]\P SDVDĪHURP MDNR
MHG\QDPRĪOLZRĞüXQLNQLĊFLD]E\WNRV]WRZQHMRSáDW\GáXJLSLHV]\PDUV]GRRGOHJáHJR
SU]\VWDQNXWUDPZDMRZHJR3U]H]NLONDW\JRGQLDXWREXVÄ([SUHVV´IXQNFMRQRZDá]JRGQLH
]HVZRLPUHJXODPLQHPGRSyNLSHZQHJRGQLDMHJRXĪ\WNRZQLF\QLHSU]HF]\WDOLQRZHJR
REZLHV]F]HQLDJáRV]ąFHJRĪH]HZ]JOĊGXQDURVQąFHSRWU]HE\OXGQRĞFL]RVWDMHZSUR-
ZDG]RQ\ MHGHQ SU]\VWDQHN QD MHJR WUDVLH SRPLĊG]\ SU]HGPLHĞFLHP D ĞUyGPLHĞFLHP
3RQLHMDNLPF]DVLHSU]\VWDQNyZW\FKE\áRZLĊFHMDQLHEDZHP]JRGQLH]SRWU]HEDPL
OXG]LSUDF\SRGURG]HSU]\VWDZDáMXĪQDNDĪG\P]SU]\VWDQNyZQDNWyU\FKSU]\VWDZDá
XSU]HGQLRWDĔV]\DXWREXV:NUyWFHWHĪVLHG]HQLDMHJRSRGDUá\VLĊSRGáRJD]URELáDVLĊ
FRUD]EUXGQLHMV]DQDSLVÄ([SUHVV´]QLNá-HG\QąU]HF]ąMDNDQLHZUyFLáDGRGDZQHJR
VWDQXU]HF]\E\áDFHQDSU]HMD]GX.WRĞQDSLVDáZWHMVSUDZLHOLVWGRUHGDNFMLPLHMVFRZHM
JD]HW\2GSRZLHG]LDQRPXDUW\NXáHPZVWĊSQ\PZNWyU\PSLĊWQRZDQRMHJRSRVWDZĊ
GUREQRPLHV]F]DĔVNLHJRHJRL]PXLZ\JRGQLFWZDRUD]RVNDUĪRQRJRREUDNNODVRZHMVR-
OLGDUQRĞFL]W\PLZV]\VWNLPLNWyU]\WHĪFKFąMHFKDüGRSUDF\GODFKZDá\NRPXQL]PX
2FHQLHQLHZVSRPQLDQR
2MFRZLH=DNRQXNWyU]\Z\P\ĞOLOLVRFMDOL]PLNRPXQL]PZLPLĊQDMĞZLHWQLHMV]\FK
SU\QF\SLyZHW\F]Q\FK]GXPLHOLE\VLĊEDUG]RDPRĪHQDZHWJáĊERNR]DVPXFLOLJG\E\
VWZLHUG]LOL ĪH QDMSRWĊĪQLHMV]ą GĨZLJQLą VWRVXQNyZ PLĊG]\OXG]NLFK Z VSRáHF]HĔVWZLH
SU]H]QLFKZ\NRQF\SRZDQ\PMHVWSUDVWDUDSU\PLW\ZQDQLHPDOMDVNLQLRZD]DVDGDÄMD
WRELH²W\PQLH´
:5RVML]DUD]SRUHZROXFMLNDUDQRĞPLHUFLą]DSUyEĊVSU]HGDĪ\GZyFKMDMHNQD
ZROQ\PU\QNXPLPRWRLQVW\WXFMDED]DUXSU]HWUZDáDQLFMHMQLH]GRáDáRXQLFHVWZLüDQL
RER]\ NRQFHQWUDF\MQH DQL QDZHW EUDN WRZDUX GR KDQGORZDQLD : RNUHVLH EH]GHQQHM
QĊG]\SLHUZV]HJR3ODQX3LĊFLROHWQLHJRZ=655MHGQDSDUDEXWyZPRJáD]PLHQLüNLONX-
G]LHVLĊFLXZáDĞFLFLHOL²RGE\ZDáRVLĊWR]DZV]HQDREVNXUQ\FKSODF\NDFK]DPLDVWHP
JG]LHOXG]LHZEUHZZV]HONLPSU]HĞODGRZDQLRPRGGDZDOLVLĊZURG]RQHPXLQVW\QNWRZL
Z]DMHPQHMZ\PLDQ\3RQLHMDNLPF]DVLHNRPXQLĞFLGRV]HGáV]\GRZQLRVNXĪHLQVW\QN-
WXWHJRQLHZ\NRU]HQLD]GXV]OXG]NLFKSRVWDQRZLOLVLĊJRQDXF]\ü6XNFHVSU]HV]HGá
ZV]\VWNLH RF]HNLZDQLD L MXĪ ZNUyWFH SDĔVWZR NRPXQLVW\F]QH VWDáR VLĊ 6]DFKUDMHP±
*LJDQWHP QD VNDOĊ QLH]QDQą Z KLVWRULL RV]XVWZD PDWDFWZD V]DOELHUVWZD -HG\Q\P
Z G]LHM DFK ] NWyU\P QLH PRĪQD VLĊ VSU]HF]Dü DQL WDUJRZDü DQL ]DZRáDü SROLFML QD
SRPRFJG\REUDEXMHRV]XNDRNUDGQLH:NUDMDFK(XURS\ZVFKRGQLHMNZLWQLHLQVW\WX-
FMDÄNRPLVX´F]\OLSU]HGVLĊELRUVWZDSDĔVWZRZHJR]DMPXMąFHJRVLĊVNXSHPDUW\NXáyZ
OXNVXVRZ\FK ELĪXWHULL GDUyZ ] ]DJUDQLF\ RG NUHZQ\FK WDN SRV]XNLZDQ\FK Z QLHGR-
Ī\ZLRQ\FK L QLHRG]LDQ\FK VSRáHF]HĔVWZDFK SR F]\P VSU]HGDZDQLD LFK NRQVXPHQWRP
DTP by SHADE 65
MDNE\ QD ZROQ\P U\QNX ]RUJDQL]RZDQ\P L NRQWURORZDQ\P SU]H] WR VDPR SDĔVWZR
NWyUHZROQ\U\QHNEH]OLWRĞQLHWĊSL5]HF]MDVQDWHSDĔVWZRZHSU]HGVLĊELRUVWZDZ\FL-
VNDMąRVWDWQLSRWLJURV]]DUyZQR]HVSU]HGDMąFHJRLPMDNLWHJRNWyU\RGQLFKNXSXMH
:\]\VNRERMJDGRFKRG]LGRPDNVLPXPOLFKZLDUVWZRSDĔVWZRZ\FKXU]ĊGQLNyZRVLąJD
UR]PLDU\ZREHFNWyU\FK6K\ORFN]DUXPLHQLáE\VLĊ]HZVW\GX,NRPXVLĊWXSRVNDUĪ\ü"
*G\NWRĞZSURZDG]DVLĊGRQRZHJRGRPXZNWyU\PQLHG]LDáDLQVWDODFMDK\GUDXOLF]QD
DOHNWyU\]RVWDáZ\EXGRZDQ\SU]H]SDĔVWZRLMHVWZáDVQRĞFLąSDĔVWZDMHJRHZHQWXDOQ\
SURWHVWPXVLE\üRGSRZLHGQLRRVWURĪQ\VSUDZDR]HSVXWąNDQDOL]DFMĊZNOR]HFLHMHVW
PLĊG]\QLPDU]ąGHPXVWURMHPWHRULąPDUNVL]PX
=DVDGD ÄW\ PQLH ² MD WRELH´ UR]FLąJD VLĊ GDOHNR L V]HURNR 0LHV]NDQLHF NRPXQL-
]PX VWRL Z QLHP\P ]GXPLHQLX ZREHF WDN QLHZ\WáXPDF]DOQHJR ]MDZLVND MDN Ä:HOIDUH
6WDWH´ZGHPRNUDW\F]Q\PNDSLWDOL]PLHJG]LHOXG]LRPGDMHVLĊUyĪQHU]HF]\Z]DPLDQ
]DQLFDOERJG]LHVW\SHQGLDIXQGDFMHL GRQDFMHRILDURZDQHVąSURIHVRURPSLVDU]RP
LVWXGHQWRPSURNODPXMąF\PRWZDUFLHFKĊü]QLV]F]HQLDW\FKNWyU]\LPMHGDMą*G\NWRĞ
ZNRPXQL]PLHFKFHF]HJRĞRGSDĔVWZDZ]DPLDQGDüPXVLSU]\QDMPQLHMEH]JUDQLF]QH
XZLHOELHQLH L ĞOHSH SRVáXV]HĔVWZR 6WRVXQNRZR QDMEDUG]LHM ]EOLĪ\á VLĊ GR NDSLWDOL]PX
SHZLHQSROVNLSUHPLHUPLDQRZLFLHVSU]HGDMHVDPRFKRG\%U]PLWRGRĞüQLHSUDZGRSR-
GREQLHDE\SUHPLHUGXĪHJRNRPXQLVW\F]QHJRSDĔVWZD]DMPRZDáVLĊVSU]HGDĪąVDPR-
FKRGyZDOHWDNMHVW:3ROVFHRGE\ZDMąVLĊFRURNXSUHVWLĪRZHWDUJLPLĊG]\QDURGRZH
NWyU\FK ]DVDGą MHVW ĪH Z\VWDZLRQH QD QLFK HNVSRQDW\ SR]RVWDMąSR WDUJDFK GR G\V-
SR]\FMLU]ąGXSROVNLHJR:WHQVSRVyE]RVWDMHZ3ROVFHFRURF]QLHWURFKĊVDPRFKRGyZ
GREU\FK PDUHN ]DFKRGQLFK NWyUH Z NUDMX NRPXQLVW\F]Q\P VWDQRZLą V]F]\W PDU]HĔ
QDMZ\ĪHMSRVWDZLRQ\FKRVRELVWRĞFLOXPLQDU]\QDXNLW\WDQyZOLWHUDWXU\LV]WXNL:REHF
WHJRSUHPLHUMHVSU]HGDMH2F]\ZLĞFLHMHJRFHQ\VąVSHNXODQFNRZ\ĪV]HRGFHQRILFMDO-
Q\FKDVDPRFKRG\PDMąEUDNLLGHIHNW\WUXGQHGRQDSUDZLHQLD²NWRMHGQDNEĊG]LHVLĊ
WDUJRZDá]SUHPLHUHPDOERUHNODPRZDáFRNROZLHN"
.
&RWRMHVWSUDFDVSRáHF]QD
.
7RZV]\VWNRFRSRZLQQRE\ü]URELRQHZRNyáF]áRZLHNDLGODF]áRZLHND]DSLHQLąG]H
ZSáDFRQHSU]H]QLHJRZIRUPLHSRGDWNyZQDU]HF]SDĔVWZD²DFR]URELRQHQLHMHVW
LZ\PDJD]URELHQLD²NRPXQLĞFLQD]\ZDMąF]\QHPVSRáHF]Q\POXESUDFąVSRáHF]Qą
=QDF]\ WR ĪH R LOH GRSLHUR FR RGGDQD GR XĪ\WNX G]LHOQLFD PLHV]NDQLRZD ]DF]\QD VLĊ
UR]SDGDü²ĞFLDQ\VLĊU\VXMąLQVWDODFMH²QLHG]LDáDMąEUXNXOLF]Q\SĊNDZV]ĊG]LHOHĪą
]ZDá\ĞPLHFLZRGDQLHGRFKRG]LQDSLĊWUD²PLHV]NDĔF\WHMG]LHOQLF\NWyU]\XSU]HG-
QLR ]DSáDFLOL ]D PLHV]NDQLD RUD] NWyU]\ SáDFą SRGDWNL QD XWU]\PDQLH XOLF L ]DNáDGyZ
XĪ\WHF]QRĞFLSXEOLF]QHMZ]\ZDQLVąGRQDSUDZ\WHMNDWDVWURI\ZUDPDFKDNFMLVSRáHF]-
QHM=D]QDF]\üSU]\W\PWU]HEDĪHSUDFDVSRáHF]QDMHVW]XSHáQLHEH]SáDWQDKRQRURZD
LGREURZROQDQLNWGRQLHMQLHMHVW]PXV]RQ\DOHQLHVWDZLHQLHVLĊZRNUHĞORQ\PF]DVLH
ZRNUHĞORQ\PPLHMVFXSRFLąJD]DVREąPQyVWZRSU]\NURĞFLLGDMHW]ZDVSRáHF]QąF]\OL
]áąRSLQLĊ3UDFDVSRáHF]QDQLHRGE\ZDVLĊQLJG\ZLPLĊQDSUDZ\XSRU]ąGNRZDQLDF]\
XVSUDZQLHQLDF]HJRĞOHF]]DZV]HZLPLĊXURG]LQ/HQLQDĞPLHUFL/HQLQDQDU]HF]ĞZLD-
WRZHJR SRNRMX OXE Z LPLĊ VROLGDUQRĞFL ] ERMRZQLNDPL :LHWNRQJX 7R ZV]\VWNR ZLĊF
FRJG]LHLQG]LHMZ\NRQXMHVNURPQLHZ\QDJUDG]DQ\IDFKRZLHFZVSRVyEU]HF]RZ\LVNX-
WHF]Q\ZNRPXQL]PLHVWDUDMąVLĊGRNRQDüOXG]LHQLHPDMąF\RGDQHMSUDF\]LHORQHJR
SRMĊFLD]PĊF]HQLFDáRGQLRZąSUDFąZHZáDVQ\P]DZRG]LHLQLHQDZLG]ąF\VLĊZ]DMHP-
QLH]DVZHQLH]DVáXĪRQHXSRNRU]HQLDLPDUQRZDQHFKZLOHĪ\FLD
-HG\QąSRFLHFKąMHVWWRĪHNDĪG\F]\QVSRáHF]Q\PDZVRELHFHFK\QLH]DPLHU]R-
QHJRVDPREyMVWZD3RXF]DMąFDZW\PZ]JOĊG]LHMHVWQDVWĊSXMąFDKLVWRULD1DRWZDUFLH
QRZHMOLQLLORWQLF]HMZ3ROVFHSU]\E\áDOLF]QDHNLSDNRPXQLVW\F]Q\FKG\JQLWDU]\:VLHGOL
RQLGRQRZLXWNLHJRĞOLF]QLHSRPDORZDQHJRVDPRORWXLZ]ELOLVLĊZSU]HVWZRU]D3RNLONX
PLQXWDFKORWXGU]ZLF]NLRGNDELQ\SLORWyZRWZRU]\á\VLĊLXND]DáVLĊZQLFKUR]SURPLH-
QLRQ\PáRG]LHQLHFZNRV]XOL.RPXQLVW\F]QHJR=ZLą]NX0áRG]LHĪ\NWyU\RĞZLDGF]\á]H
DTP by SHADE 66
Z]UXV]HQLHPÄ7RZDU]\V]H7HQORWMHVWZLHONLPĞZLĊWHPQDV]\FKSDĔVWZRZ\FKOLQLLORW-
QLF]\FK,QDXJXUXMHP\QRZąOLQLĊNWyUDSRáąF]\PLDVWDLZ]QLHVLHGXPQLHV]WDQGDUVR-
FMDOL]PXQDSRGQLHEQ\FKV]ODNDFK'RGDWNRZ\P]Z\FLĊVWZHPQDV]HMPáRGHMEU\JDG\
ORWQLNyZ±NRPXQLVWyZMHVWIDNWĪHVDPRORWNWyU\POHFLP\SU]H]QDF]RQ\E\áQD]áRP
1LHQDGDMHVLĊRQMXĪGRXĪ\WNXRGGáXJLFKODWOHF]P\PáRG]LNRPXQLĞFLSRVWDQRZL-
OLĞP\Z\UHPRQWRZDüJRZUDPDFKF]\QXVSRáHF]QHJRZJRG]LQDFKZROQ\FKRGSUDF\
1DV]HNLHURZQLFWZRZ\UDĪDáRZąWSOLZRĞFLF]\QDPWRVLĊXGDDOHQDV]DSáRPLHQQDZROD
SRNRQDáDZV]HONLHWUXGQRĞFLLZDKDQLDNLHURZQLFWZD«´
0áRG\NRPXQLVWDQLHXNRĔF]\áSU]HPyZLHQLD:NDELQLH]DSDQRZDáDSDQLND5yĪQL
PLQLVWURZLHZĞUyGODPHQWyZLRNU]\NyZJUR]\]DĪąGDOLQDW\FKPLDVWRZHJROąGRZDQLD
/LQLD QLH ]RVWDáD ]DLQDXJXURZDQD W\P ORWHP 3RGREQR ZLHOX G\JQLWDU]\ ]PDUQRZDáR
SRWHPVZHNDULHU\QDVNXWHNLFKQLHZ\WáXPDF]DOQHMUH]HUZ\ZREHFLGHLSUDF\VSRáHF]-
QHM
.
2PHWDIL]\FHLHW\FHQDFRG]LHĔ
.
'ODF]HJRLVWQLHMH]áRQDĞZLHFLH"1LHOLF]QLILOR]RIRZLHMDNUyZQLHĪLOXG]LHSURĞFL
]DGDZDOL VRELH L LQQ\P WR S\WDQLH /LF]QL DSRORJHFL L HJ]HJHFL OLF]Q\FK UHOLJLL ]DZV]H
GDZDOLZ\NUĊWQHRGSRZLHG]L-HGQą]SRSXODUQLHMV]\FKE\áDWH]DĪHEH]]áDQLHE\áRE\
GREUD'REURSR]QDMHP\SRSU]H]]áR]DĞQDGPLDUGREUDREUDFDVLĊQDRJyáZ]áR1LH-
NWyU]\WZLHUG]ąWHĪĪHQDGPLDU]áDREUDFDVLĊZNRĔFXZGREUROHF]QDWRMHVWPQLHM
GRZRGyZLQLNWQLHMHVWWHJR]E\WSHZLHQ
.RPXQL]PUR]ĞZLHWOLáZLHOHPURNyZZWHMG]LHG]LQLHLZQLyVáQLHFRQLH]DFKZLDQHM
SUDZG\LQLHQDUXV]DOQ\FKDNVMRPDWyZWDPJG]LHGRWąGGRPLQRZDáDFKZLHMQRĞüUHODW\-
ZL]PX-HGQHJRMHVWHĞP\SHZQLZNRPXQL]PLHEH]Z]JOĊGXQDWRLOHSURGXNXMHRQ]áD
²]áRWRQLJG\QLHSU]HFKRG]LZGREUR3HZLHQSLHVNLG]LHQQLNDU]VNRQNUHW\]RZDáQLH-
JG\ĞSá\QQRĞüILOR]RILLZWHMPLHU]HPyZLąFÄ&]DVDPLPDPZUDĪHQLHĪHQDV]U]ąGLVW-
QLHMHW\ONRSRWRDE\QDPXWUXGQLDüĪ\FLH´7DSURVWDQDRJyáREVHUZDFMDNU\MHZVRELH
JRGQHV]DFXQNXJáĊELH
%UDN ZROQRĞFL L VSUDZLHGOLZRĞFL GZD QDMEDUG]LHM U]XFDMąFH VLĊ Z RF]\ HOHPHQW\
Ī\FLDZNRPXQL]PLHQLHVWDQRZLąWDPMHGQDNJáyZQ\FKGHWHUPLQDQWORVXF]áRZLHND
/RVWHQMHVWRNUHĞORQ\SU]H]EUDNPRĪOLZRĞFLUR]ZRMXF]áRZLHNDMDNRMHGQRVWNLZVSR-
áHF]HĔVWZLH RUD] PRĪOLZRĞFL UR]ZRMX MHJR F]áRZLHF]HĔVWZD Z QLP VDP\P %H] W\FK
GZyFK NRPSRQHQW VZHJR ORVX KRPR QLH SRWUDIL DQL WZRU]\ü DQL SFKDü QDSU]yG DQL
VLHELHDQLVZHJRVSRáHF]HĔVWZD²MDNWXZLĊFPyZLüRSU]HP\ĞOHOLWHUDWXU]HLV]NRO-
QLFWZLH &]\ PRĪQD REHMĞü MDNRĞü QLHOXG]NRĞü WHJR XNáDGX" :V]DN ZLHP\ ] KLVWRULL
URG]DMX OXG]NLHJR ĪH F]áRZLHN SRWUDILá Z\VZREDG]Dü VLĊ ] NDĪG\FK SĊW OXE FKRFLDĪ-
E\ SU]HFK\WU]\ü QDMJRUV]HJR FLHPLĊĪ\FLHOD .RPXQL]P QDMQRZRF]HĞQLHMV]H ] MDU]P
ZFKáRQąZV]\ZVLHELHGRĞZLDGF]HQLDVWXOHFLMHVWQDWRSU]\JRWRZDQ\5R]ZyMMHGQRVWNL
MHVWHZHQWXDOQLHGREUHPZ\QDMPRZDQ\PMHGQRVWFHSRGQDMVXURZV]ąNRQWUROą,WR]D
VWUDV]OLZąFHQĊ]DFHQĊVáXĪDOF]RĞFLXSRNRU]HĔLSRQLĪHĔZREHFNWyU\FKEL]DQW\ĔVNR±
IHXGDOQHZ]RU\VDG\]PXZáDG]\Z\GDMąVLĊNRPLF]QąHNVSUHV\MQRĞFLąQLHPHJRILOPX
6áXĪDOF]RĞü ZREHF GRNWU\Q\ UHSUH]HQWRZDQHM SU]H] G\UHNWRUD SDĔVWZRZHJR XU]ĊGX
F]\SDUW\MQHJRG\JQLWDU]DNU\MHZVRELHUR]SDF]HLXSDGNLQLH]QDQHIL]\F]Q\PSRQLĪH-
QLRPZREHFSU]HPRF\'HSWDQLHJRGQRĞFLOXG]NLHMWRFRĞLQQHJRQLĪ]XSHáQ\]DQLNJRG-
QRĞFLZSRGGDQLXVLĊLGHRORJLLGOD]GRE\FLDSUDZDGRUR]ZRMX=DFKRGQLNRPXQLVWDF]\
UHZROXFMRQLVWDQLHMHVWZVWDQLHWHJR]UR]XPLHüĪHSRU\Z]DPLHQLRQ\ZFRG]LHQQRĞü
]URG]LüPRĪHW\ONRW\UDQLĊNWyUHMMHG\Q\PĞURGNLHPZáDG]\MHVWáDPDQLHFKDUDNWHUyZ
VWRLWRZNDUG\QDOQHMVSU]HF]QRĞFL]MHJRZ\REUDĪHQLDPLRĞZLHFLHSRVWUHZROXF\MQ\P
RNWyU\ZDOF]\/HF]QLHWXPLHMVFHQDUR]ZDĪDQLDRUyĪQLFDFKSRPLĊG]\Z\REUDĪHQLHP
DVSUDZG]DOQRĞFLą6HQVXSRGOHQLDOXG]NLHJRZNRPXQL]PLHQLHUR]áąF]Q\MHVWRGEH]-
GHQQRĞFLEH]SUDZLDSU]HGVWDZLDQHJRMDNRSUDZRQDFRG]LHĔLZNDĪGHMWNDQFHĪ\FLD
²RGFHQWUXPZáDG]\SRVNOHS]RJyUNDPL7\UDQLHZVFKRGXIHXGDOL]PLVWDUHDXWRNUD-
DTP by SHADE 67
FMHXĪ\ZDá\EH]SUDZLDZV]F]HJyOQ\FKZ\SDGNDFKZLĊNV]HMZDJLD]HVNUXSXODWQąZ\-
WZRUQRĞFLąQDOHJDá\QDU]ąG\SUDZDZVSUDZDFKGUREQ\FK'ODWHJRPLPRLFK]EURGQL
LRNUXFLHĔVWZPRĪQDZQLFKE\áRĪ\üDQDZHWUR]ZLMDüVLĊMDNMHGQRVWNDNV]WDáWXMąFD
VZHZáDVQHF]áRZLHF]HĔVWZR3U]HFLZVWDZLDMąFVLĊLPF]áRZLHNZ]ERJDFDáVLĊ:DOF]ąF
]NRPXQL]PHPF]áRZLHNUHGXNXMHVLĊGRDNWyZV]DOHĔVWZDLUR]SDF]\
6WąG²Ī\FLHZNRPXQL]PLHMHVWSLHNáHPDOHQLHGODZV]\VWNLFK-HVWSLHNáHPGOD
OXG]LGREUHMZROL'ODXF]FLZ\FK'ODUR]VąGQ\FK'ODFKFąF\FKSUDFRZDü]SRĪ\WNLHP
GODVLHELHLGODLQQ\FK'ODSU]HGVLĊELRUF]\FK'ODW\FKNWyU]\FKFąFRĞ]URELüOHSLHMZ\-
GDMQLHMáDGQLHM'ODW\FKNWyU]\FKFąUR]ZLMDüZ]ERJDFDüSRPQDĪDü'ODZUDĪOLZ\FK
'ODSURVWROLQLMQ\FKLVNURPQ\FK1DWRPLDVWGREU]HSURVSHUXMąZNRPXQL]PLHJáXSF\QLH
GRVWU]HJDMąF\ZáDVQHMPDUQRĞFLLĞPLHV]QRĞFL'RVNRQDOHSRZRG]LVLĊVáXĪDOFRPRSRU-
WXQLVWRPLNRQIRUPLVWRPZLHG]LHLPVLĊW\POHSLHMĪH]F]\VW\PUXPLHQLHQLPRJąQLF
URELüQLFDOERZLHPLWDNQLHVąG]ąĪHQDOHĪ\FRĞURELüZ]DPLDQ]DVHUZLOL]P²F]XMą
VLĊ]ZROQLHQL]ZV]HONLHMRGSRZLHG]LDOQRĞFLFRZ]PDJDLFK]QDNRPLWHVDPRSRF]XFLH
%UDN SRF]XFLD RGSRZLHG]LDOQRĞFL MHVW QDMRJyOQLHM ELRUąF ZDUXQNLHP SRZRG]HQLD
ZNRPXQL]PLHLPEDUG]LHMNWRĞMHVWQLHRGSRZLHG]LDOQ\LXPLHQLHRGSRZLHG]LDOQRĞFLą
PDQLSXORZDü W\P ZLĊNV]ą ]UREL NDULHUĊ :VSDQLDOH SRZRG]L VLĊ WFKyU]RP L OHQLRP
NWyU]\QLHURELąFQLF]HJRQLHQDUDĪDMąVLĊQDEáĊG\DQLHSRSHáQLDMąFEáĊGyZRWU]\PXMą
QDJURG\ ]D LQHUFMĊ $OH SUDZG]LZ\P UDMHP MHVW NRPXQL]P GOD RV]XVWyZ QDFLąJDF]\
QLHELHVNLFKSWDNyZLKRFKV]WDSOHUyZRLOHPQLHMPXV]ąVLĊZ\VLODüQLĪZNDSLWDOL]PLH
DE\]GRE\ZDüáXS\²Z\VWDUF]\JáRVLüW\ONRĪHVLĊMHVWZLHUQ\PRGGDQ\PNRPXQLVWą
E\RWU]\PDüERJDFWZDL]DV]F]\W\
&]WHU\ PLOLDUG\ OXG]L QD ]LHPL NDĪą QDP ZLG]LHü ZLHOH U]HF]\ LQDF]HM QLĪ GRWąG
=PLHQLDMąVLĊSRGW\PFLĊĪDUHPSRMĊFLDGREUDL]áD,QJHUHQFMDSDĔVWZDZĪ\FLHMHG-
QRVWNLSODQRZDQLHVSRáHF]QHLJRVSRGDUF]HLSULRU\WHWLQWHUHVX]ELRURZRĞFLLQDF]HMZ\-
JOąGDMą Z WHM SHUVSHNW\ZLH .RPXQL]P SURSRQXMH MH RG GDZQD ² L WUXGQR VLĊ ] QLP
ZW\PZ]JOĊG]LHQLH]JRG]Lü²DOHQLHSRWUDILMHRF]\ĞFLü]SU]HPRF\L]HSVXFLD-DNE\
GRWNQLĊFLHPVZ\P]DPLHQLDáMHZNáDPVWZRLNU]\ZGĊ&LNWyU]\SRZRáXMąVLĊQDQLH-
XGROQRĞü JRVSRGDUF]ą L RUJDQL]DF\MQą NRPXQL]PX MDNR QD GRZyG MHJR QLĪV]RĞFL SR-
SHáQLDMąEáąG:LHU]ĊLĪSU]\ZV]\VWNLFKVZ\FKNOĊVNDFKLFDá\PVZ\PREVNXUDQW\]PLH
NRPXQL]P]DSHZQLZNRĔFXZV]\VWNLPVZ\PPLHV]NDĔFRPWDOHU]HDQDZHWGDNDĪGH-
PXGRPHN]RJUyGNLHPFKRüZOLFK\PJDWXQNX3ąF]NRZDQLHZVSyáF]HVQHMWHFKQRORJLL
LĞURGNyZZ\WZyUF]\FKMXĪVLĊRWRSRVWDUDQDZHWNQHEORZDQHLSDUWDF]RQHSU]H]GRN-
WU\QĊ1ĊG]DLGREURE\WSU]HVWDá\E\üF]HUZRQ\PLF]DUQ\PUXOHW\ZNWyUąJUDG]LVLHM-
V]\ĞZLDW$OHFR]WHJR"'REURE\WQLH]OLNZLGXMHPHWDIL]\NLNU]\ZG\ZNRPXQL]PLH
QLH GD VSUDZLHGOLZRĞFL MHGQRVWNRZHM DQL VSRáHF]QHM QLH VWZRU]\ SHUVSHNW\Z UR]ZRMX
MHGQRVWFHLQDF]HMQLĪ]DFHQĊPRUDOQ\FKNRQFHVML²F]\OLQLH]OLNZLGXMHLPPDQHQWQHJR
]áDXVWURMX
5R]EHVWZLRQH NáDPVWZR MDNLP NRPXQL]P Z\SHáQLá VZyM ĞZLDW L ]DLQIHNRZDá QDV]
ĞZLDWDQXOXMHZV]HONLHQRUP\UR]VąGNX1LNWNWRVNáRQQ\MHVWZDOF]\üRJRGQRĞüZáD-
VQąLFKFHSR]RVWDüZ]JRG]LH]ZáDVQ\PVXPLHQLHPQLH]JRG]LVLĊQDWRĪHE\QD]\ZDü
G]LHĔQRFąFLHPQRWĊNXOWXUą]EURGQLĊSU]\]ZRLWRĞFLąEUDNWRZDUyZREILWRĞFLąWRZD-
UyZQLHZROĊZROQRĞFLą²QDPRF\GHNUHWXNRPXQLVW\F]Q\FKZáDGFyZÄ3RSU]H]NáDP-
VWZRNRPXQL]PVWDMHVLĊZV]HFKREHFQ\SU]HREUDĪDVLĊZHZáDĞFLZRĞüE\WXSDUWQHUD
LVWQLHQLDHOHPHQWSDQWHLVW\F]Q\]NWyU\PQDZHWĞFLQDQLHSD]QRNFLPDFRĞZVSyOQHJR
*UR]DNU\MąFDVLĊZW\PVWDQLHU]HF]\MHVWQLHGRSRMĊFLDGODOXG]LGHPRNUDW\F]QHJR
=DFKRGX
&]\Ī\MąFZNRPXQL]PLHPRĪQDZLĊFNLHG\NROZLHNRVLąJQąüUyZQRZDJĊGXFKD²
FHOF]áRZLHNDUR]XPQHJRLGREUHMZROL"&K\EDWDNDOHW\ONR]DFHQĊPRUDOQHMNDSLWX-
ODFML1DSU]\NáDGDNFHSWXMąF]áRLQLHVSUDZLHGOLZRĞüMDNRLPPDQHQWQ\HOHPHQWE\WX
.RPXQLĞFLUR]ZLą]XMąWR]DJDGQLHQLH]SRGHMU]DQąáDWZRĞFLą2EHFQDQLHVSUDZLHGOLZRĞü
²PyZL"²MHĞOLLVWQLHMHWRVáXĪ\SU]\V]áHMVSUDZLHGOLZRĞFLNWyUHQDGHMĞFLHMHVWQLH-
XFKURQQHJZDUDQWXMHMHQDV]DVáXV]QDLQLHSRGZDĪDOQDWHRULD3HZLHQSROVNLILOR]RI]DĞ
DTP by SHADE 68
]DXZDĪDÄ2NURSQRĞüLNRUXSFMDEĊGąFDRZRFHPGRNWU\Q\URV]F]ąFHMVRELHFDáNRZLWą
LQLHRP\OQąZLHG]ĊRSU]\V]áRĞFLSU]HNUDF]DQDMĞPLHOV]HSU]HZLG\ZDQLD=GRNWU\Q\WHM
Z\QLNDERZLHPĪHPRUDOQ\PSUREOHPHPMHGQRVWNLQLHMHVWE\QDMPQLHMSU]\NáDGDQLHGR
Z\GDU]HĔKLVWRU\F]Q\FKZáDVQHMPLDU\VSUDZLHGOLZRĞFLDOHGRVWRVRZ\ZDQLHZáDVQHJR
SRF]XFLDVSUDZLHGOLZRĞFLGRQDND]yZNRQLHF]QRĞFLKLVWRU\F]QHM²XRVRELRQHMZSUDN-
W\FH SU]H] SDUWLĊ MHM NLHURZQLFWZR L MHM ELHĪąFH F]\Q\´ :LDUD NRPXQLVW\ Z SU]\V]áą
VSUDZLHGOLZRĞü PRĪH E\ü ]QDPLHQLHP XF]FLZRĞFL L LGHDOL]PX DOHMDN WR Z\WáXPDF]\ü
VWDUXV]FH±HPHU\WFHNWyUDRWU]\PDZV]\SU]HV\áNĊ]HVWDU\PLXEUDQLDPLRGNUHZQ\FK
]NDSLWDOLVW\F]QHM]DJUDQLF\]RVWDMHRSRGDWNRZDQDSU]H]SDĔVWZRMDNRVSHNXODQWLZUyJ
OXGX -DN WR Z\WáXPDF]\ü U]HPLHĞOQLNRZL NWyU\ MHVW VSHFMDOLVWą RG U]DGNLHJR URG]DMX
SURWH]QDNWyUHF]HNDMą+DQLFKRU]\MDNQD]EDZLHQLHDNWyUHPXSDĔVWZR²QLH]DM-
PXMąFHVLĊSURGXNFMąWDNLFKSURWH]²]DEUDQLDLFKZ\UREXLVSU]HGDĪ\RVNDUĪDMąFJR
RFKĊüUHVWDXUDFMLNDSLWDOL]PX,MDNWRZUHV]FLHZ\WáXPDF]\üFKRU\PF]HNDMąF\PQD
SURWH]\NWyU\FKNRPXQLVW\F]QHSDĔVWZRQLHSRWUDILLPGRVWDUF]\ü
:LHOH]RVWDáRQDSLVDQHQDWHPDWNRPXQL]PXMDNRUHOLJLLQLHQDZLĞFL=DU]XWWHQMHVW
LVWRWQ\OHF]F]ĊVWRVSá\FDQ\3URNODPDFMDQLHQDZLĞFLQLHMHVWVDPDZVRELHNZDOLILND-
FMąPRUDOQą²GREU\FKU]HĞFLMDQLQWHĪQLHQDZLG]LáJU]HFKXLZV]HONLHUyZQDQLDHW\F]QH
VąZW\PZ]JOĊG]LHPRĪOLZH5]HF]ZW\PĪHNRPXQL]PSRGQRVLQLHQDZLĞüGRUDQJL
PLáRĞFLQLHZDUWRĞFLXMHRGUĊEQLHW\FKXF]XüLGHQW\ILNXMHLFKZDORUGOD]GURZLDPRUDO-
QHJRF]áRZLHNDUyĪQLFXMąFMHG\QLHLFKNRORUNLHUXQHNV\PEROLNĊ.RFKDMąFSUROHWDULDW
LSDUWLĊGREU\NRPXQLVWD]RERZLą]DQ\MHVWGRQLHQDZLG]HQLDW\FKZV]\VWNLFKNWyU]\
QLH NRFKDMą SUROHWDULDWX L SDUWLL ² WDND MHVW RVWDWHF]QD ORJLND PRUDOQ\FK G\VSR]\FML
LU]ąG]ąF\FKQLPLXF]Xü:NRĔFXZURJLHP]DVáXJXMąF\PQDQLHQDZLĞüVWDMHVLĊNDĪG\
LQQ\NWyUHJRWU]HED]QLZHF]\üSRWRDE\VDPHPXLVWQLHü:DVSHNFLHUR]ZRMXURG]DMX
OXG]NLHJR MHVW WR UHJUHV GR QDMSU\PLW\ZQLHMV]\FK NRGyZ HW\F]Q\FK : SUDNW\FH FR-
G]LHQQRĞFLGDMHWRHIHNWNRPLF]Q\SU]HREUDĪDVLĊZSRQXUąJURWHVNĊ1DMEDUG]LHMNXU-
F]RZ\PZ\VLáNLHPNRPXQLVWyZMHVWSUyEDZPyZLHQLDFDáHPXĞZLDWXDWDNĪHLVRELH
VDP\PMHGQR]QDF]QRĞFLLQWHUHVyZSDUWLLSDĔVWZDLVSRáHF]HĔVWZD7\PF]DVHPĪ\FLH
QDNDĪG\PNURNXXMDZQLDWUyMVWURQQąSU]HSDVWQąUR]ELHĪQRĞüW\FKLQWHUHVyZ.WRNRO-
ZLHNĪ\MHZNRPXQL]PLHPDĞZLDGRPRĞüPĊNLMDNDWRZDU]\V]\NDĪGHMSUyELHSRMHG-
QDZF]RĞFLF]\X]JRGQLHQLDWHJRFRVDPFKFHF]\]DPLHU]D]W\PFRRGQLHJRZ\PDJD
SDUWLDLSDĔVWZR5H]XOWDWHPMHVWZLHF]QDSRáRZLF]QRĞüZV]\VWNLHJRQLHPRĪQRĞüSRJR-
G]HQLDVLĊ]W\PFRF]áRZLHNDRWDF]D:GHPRNUDW\F]Q\PNDSLWDOL]PLHZ\VWDUF]\DĪHE\
LQWHUHV\MHGQRVWNLQLHNROLGRZDá\]LQWHUHVDPLVSRáHF]HĔVWZDF]\LQQ\FKMHGQRVWHNDE\
]RVWDZLüF]áRZLHNDZVSRNRMXLSR]ZROLüPXURELüFRXZDĪD]DVWRVRZQH:NRPXQL-
]PLHPDODU]NWyU\FKFHQDPDORZDüREUD]PXVLZ]LąüSRGXZDJĊF]\PMHJRREUD]EĊ-
G]LHGODSDUWLLU]ąGXSDĔVWZD]ZLą]NyZ]DZRGRZ\FKG]LHFLV]NROQ\FKQDGFKRG]ąFHM
URF]QLF\QDURG]LQ/HQLQDRUD]PLQLVWHUVWZDSU]HP\VáX²RLOHFKFHQDPDORZDüKXWĊ
²]DĞPLQLVWHUVWZDUROQLFWZDRLOHPD]DPLDUQDPDORZDüWUXVNDZNĊ.DĪG\WHĪQRVL
Z VRELH LQVW\QNWRZQH SU]HĞZLDGF]HQLH ĪH FRNROZLHN E\ VLĊ Z NRPXQL]PLH ]PLHQLáR
F]\ MDNL KXPDQLWDUQ\ VRFMDOL]P ] OXG]Ną WZDU]ą QLH ]DVWąSLáE\ REHFQHJR WRWDOLWDUQH-
JR NRPXQL]PX ² WD ²ZáDĞFLZRĞü ]UHDOL]RZDQHJR VSRáHF]QLH PDUNVL]PX SR]RVWDQLH
GHWHUPLQDFMąĪ\FLDZQLP.RPXQL]P]DZV]HEĊG]LHGąĪ\áLGRPDJDáVLĊWHJRVDPHJR
PDQGDWX RG U]HF]\ZLVWRĞFL ]DĞ MDNąNROZLHN SUyEĊ RSRUX QD]ZLH ZURJRĞFLą L ZH]ZLH
VZ\FK]ZROHQQLNyZGRQLHQDZLG]HQLDMHM6WąGILOR]RILDZáDG]\ZNRPXQL]PLHMHVWSUR-
VWD]DNáDGDRQDĪHNDĪG\ZSDĔVWZLHPDFRĞGRXNU\FLDLSLHUZV]ą]DVDGąU]ąG]HQLD
MHVWZ\NU\ZDQLHWHJRFRXNU\ZDMąF\FKFąXNU\ü2JyáSRGQLHVLRQ\GRDEVROXWXVSUDZLD
ĪHMDNRZDUWRĞüQDMZ\ĪV]DPDSUDZRGRZV]\VWNLHJR$SRQLHZDĪRJyáMHVWSUDZHPKL-
VWRULLUHSUH]HQWRZDQ\SU]H]SDUWLĊWUXGQRVLĊZLĊFRSU]HüSRGHMU]HQLXĪH;;±ZLHF]Q\
SU]\ZyGFDNRPXQLVW\F]Q\XZDĪDĪHPDSHáQHSUDZRGRNDĪGHJRVWU]ĊSXP\ĞOLXF]Xü
LELRORJLF]QHJRE\WXVZ\FKSRGGDQ\FK
6WXGLDQDGDOLHQDFMąZNRPXQL]PLHXWUXGQLRQHVąSU]H]SHZQąQLHĞFLVáRĞüRJyOQLH
XZDĪDQą]DDSRJHXPP\ĞOLWHRUHW\F]QHJRPDUNVL]PXLSRZV]HFKQLHSRZDĪDQąZV]Ċ-
DTP by SHADE 69
G]LH JG]LH LQG]LHM MDNR ZVSDQLDá\ GRUREHN GXFKD EDGDĔ HXURSHMVNLHM F\ZLOL]DFML 'OD
NRJRĞNWRSU]HĪ\áNRPXQL]PLSDWU]\QDĔ]SHUVSHNW\Z\ODWVLHGHPG]LHVLąW\FKQDV]HJR
VWXOHFLD SRGVWDZRZD WH]D 0DU[D R ZDOFH NODV Z\GDMH VLĊ MDNLPĞ QLHSRUR]XPLHQLHP
1LHPDZQDV]\PREUD]LHĞZLDWDF]HJRĞWDNLHJRMDNZDONDNODVQDWRPLDVWMHVWZDOND
SRV]F]HJyOQ\FK OXG]L Z\VWĊSXMąF\FK Z LPLHQLX NODV 6DPH NODV\ VSRáHF]QH SRVLDGDMą
MHV]F]HQLH]XSHáQLH]EDGDQą]GROQRĞüZ]DMHPQHJRZVSyáĪ\FLDZ]DMHPQHJRSU]HQLND-
QLDVLĊZ]DMHPQHMLPLWDFMLLSU]\ELHUDQLDZ]DMHPQLHVZ\FKQDMJRUV]\FKFHFK&]áRZLHN
Z\DOLHQRZDQ\ZNRPXQL]PLHMHVWMHGQRF]HĞQLHF]áRZLHNLHPZHVVDQ\PRSOHFLRQ\PEH]
UHV]W\ SU]H] IXQNFMH L VHUZLWXW\ NWyUH ² SDUDGRNVDOQLH ² SU]HVDG]DMą MHJR Z\REFR-
ZDQLH -HVW JQRMRQ\ SU]H] QDGPLDU XVSRáHF]QLHQLD L FLąJOH F]HND QD VZRMHJR .DINĊ
NWyU\XND]DáE\MDNZNRPXQL]PLH]DELMDUHODFMDDQLHQLHXFKZ\WQRĞüUHODFML6DPIDNW
SRFKZ\FHQLD F]áRZLHND Z WU\E\ PDV]\Q\ QLH SU]HVąG]D ZáDG]\ QDG MHJR GXV]ą 2E-
VHUZDWRU ] =DFKRGX QLH PRĪH SRMąü GODF]HJR F]áRZLHN Z XFKZ\FLHWDN VWDORZ\FK ]D-
OHĪQRĞFLL]ZLą]NyZVSRáHF]Q\FKWDNPDáRVLĊQLPLLQWHUHVXMH=DĞOXG]LZNRPXQL]PLH
QLHREFKRG]LQLFSR]DLFKEH]SRĞUHGQLąVWUHIąRGF]XZDQLDLRGG]LDá\ZDQLDERZLHPQLF
SR]DNDWDNOL]PHPQDPLDUĊKLVWRULLQLHPRĪH]PLHQLüLFKORVXSRSUDZLüJR1DZV]HO-
NLHSRJRUV]HQLDVą]QLHF]XOHQLLFKMHG\QąEURQLąMHVWUH]\JQDFMD'XĪDLFKZLĊNV]RĞü
ĨOHĪ\F]\ZáDVQHPXNUDMRZLLVSRáHF]HĔVWZXFLHV]\VLĊZXNU\FLX]MHJRQLHSRZRG]HĔ
L NOĊVNWĊVNQL GR NDWDVWURIMDNZRMQ\ ]DáDPDQLDJRVSRGDUF]HNOĊVNL Ī\ZLRáRZH Z\-
]QDMąF]DVDGąĪHLPJRU]HMW\POHSLHMDOERNRMąFZWHQVSRVyEZáDVQHUR]JRU\F]H-
QLD L UR]SDF]H 1D =DFKRG]LH LQIODFMD SRZyGĨ QLHXURG]DM NDWDVWURID ORWQLF]D ² OXE
RGZURWQLHQRZ\UHZHODF\MQ\SURGXNWVXNFHVPHG\F\Q\²MDNRĞGRW\F]\ZV]\VWNLFK
: NRPXQL]PLH NOĊVND VSRáHF]QD XGHU]D Z ZLHOX DOH QLH GRW\F]\ QLNRJR ĪDGHQ ]DĞ
QDZHWQDMEDUG]LHMVSHNWDNXODUQ\¶VXNFHVQLHSU]\QRVLQLNRPXNRU]\ĞFL
.RPXQL]PSU]\V]HGáGROXG]NRĞFL]SURSR]\FMąĪHMHĞOLRGGDPXRQDZáDG]ĊQDG
VREąRQGDMHMOHSV]HĪ\FLH:NUDMDFKJG]LHWĊZáDG]ĊRWU]\PDáOXG]LHĪ\MąJRU]HMQLĪ
NLHG\NROZLHNZKLVWRULLW\FKNUDMyZ3RF]XFLHJRUV]HJRĪ\FLDMHVWWDPODNGRMPXMąFHĪH
MHVWJáyZQąSU]\F]\Q\VDPREyMVWZ=DFKyGQLHMHVWZVWDQLHSRMąüWHJRW\SXSRODU\]D-
FMLMHVWEH]UDGQ\ZREHFMHMSU]HMDZyZ=DJDGQLHQLHJRUV]RĞFLHW\F]QHMWDNZ\UDĨQH
GODOXG]LVWDPWąGJPDWZDVLĊZRF]DFK=DFKRGXEH]QDG]LHMQLHLSURZDG]L=DFKyGNX
VąGRPZ]EXG]DMąF\PWDPPHODQFKROLMQąUR]SDF]-HĞOLGZyFKSRHWyZXGHU]DZQXWĊ
NU\W\F\]PXZVZ\FKSRHPDWDFKDOHW\ONRMHGHQ]QLFKVLHG]L]DWRZZLĊ]LHQLX]QDF]\
WRĪHW\ONRMHGHQ]QLFKMHVWSRU]ąGQ\PF]áRZLHNLHPGUXJL]DĞ]Z\NáąNDQDOLą'OD=D-
FKRGXREDMVąERMRZQLNDPLRZROQRĞüWZyUF]ą²LWRSURVWHQLHSRUR]XPLHQLHVWDQRZL
REROHVQHMVáDERĞFL=DFKRGXZREHFNRPXQL]PX
.
.RPXQL]P²KLWOHU\]P²NUyWNLHVWXGLXPNRPSDUDW\ZQH
.
6QXFLHUHIOHNVMLQDWHQWHPDWXZDĪDQHMHVWQDRJyá]DZXOJDUQH]DFRĞF]HJRVLĊ
QLHUREL'ODF]HJR"7HJRQLNWZáDĞFLZLHGREU]HQLHZLH-HVWWRWHUURUNRQZHQFML=E\W
ZLHOX SU]\]ZRLW\FK SyĨQLHM OXG]L GHNODURZDáR VLĊ NLHG\Ğ Z Ī\FLX MDNR NRPXQLĞFL &L
MHGQDNNWyU]\SU]HĪ\OLMHGQRLGUXJLHQLHZ\UDĪDMąFVZHM]JRG\DQLFKĊFLXG]LDáXDQL
ZMHGQ\PDQLZGUXJLPQLH]QDMąVLĊQDWDNLFKVXEWHOQRĞFLDFK:(XURSLHZVFKRGQLHM
MHVWLFKPLOLRQ\LXĞZLĊFRQDSU]H]LQWHOHNWXDOLVWyZUHJXáDĪHNRPXQL]PLKLWOHU\]PWR
1,(WRVDPRMDNRĞGRQLFKQLHWUDILD%RZLHPP\ĞOąFEH]ZVW\GOLZRĞFLEH]OLWRĞQLHLDĪ
GRNRĔFDDĪQD]E\WáDWZRMHVWVWZLHUG]LüLFKMHGQDNRZRĞü
.RPXQL]P ² WDNL MDNLP JR ]QDP\ ² MHVW Z\QDOD]Fą WHRUHW\NLHP SUDNW\NLHP
LQĪ\QLHUHPLWHFKQRORJLHP]EURGQLRMDNLFKKLWOHU\]P²WDNLMDNLPJR]GRáDOLĞP\JUXQ-
WRZQLHSR]QDü²PRĪHLPDU]\áDOHQLHVWDUF]\áRPXQDQLHVLá=EURGQLF]RĞüKLWOHU\-
]PXSROHJDáDQDSODQRZ\PPRUGRZDQLXáXG]LZSU]HUDĪDMąF\FKLORĞFLDFKZSU]HUDĪD-
MąFH VSRVRE\ L SU]HUDĪDMąFą V]\ENRĞFLą : RVWDWHF]Q\P UR]UDFKXQNX E\áR WR MHGQDN
W\ONRPRUGRZDQLH3U]\VáyZHNW\ONRMHVWZW\PZ\SDGNXNZLQWHVHQFMąRNUXFLHĔVWZD
DMHGQDNNU\MHVLĊZQLPZ\MDĞQLHQLH1LH]P\ZDOQ\JU]HFKPRUGRZDQLDZĞUyGWRUWXU
DTP by SHADE 
] ]DJLSVRZDQ\PL XVWDPL Z PĊFH GXV]HQLD JD]HP F\NORQHP SR]RVWDQLH QD ]DZV]H
]KLWOHU\]PHPL]W\PLNWyU]\ZMHJRLPLĊPRUGRZDOL3U]HNOHĔVWZROXG]LQDV]HJRVWX-
OHFLD QLJG\ QLH RGHUZLH VLĊ RG QD]Z\ V\PEROyZ L QD]ZLVN ] QLą ]ZLą]DQ\FK DĪ SR
RVWDWQLH ZHVWFKQLHQLH W\FK NWyU]\ SU]HĪ\OL L UD] MHV]F]H SU]HNOQą RZ\FK ]EURGQLDU]\
L LFK ]EURGQLH +LWOHU\]P PRUGRZDá WĊSR NUZDZR QXU]DMąF VLĊ Z UR]GDUW\FK ZQĊWU]-
QRĞFLDFKEąGĨDQW\VHSW\F]QLHEH]P\ĞOQLHQRZRF]HĞQLH]DZV]H]PDQLDFNLPXĞPLH-
FKHP VDG\VW\ OHF] WDNĪH L NUHW\QD EHVWLDOVNLHJR SURVWDND L FKDPD SU]HELHUDMąFHJR
VLĊZQLHQDJDQQRĞüSDUDGQ\FKPXQGXUyZLFKLUXUJLF]QHDNFHVRULDF\ZLOL]DFML7H]DĞ
FKRüE\QDMZVSDQLDOV]HQLH]DVWąSLąMHGQDNJHQLXV]D]áDQLHVWZRU]ąJR]QLF]HJRWDP
JG]LHJRQLHPD1DZHWZVFHQHULDFKQDMSRQĊWQLHMV]\FK]HVZ\FKPLWRORJLLKLWOHU\]P
SR]RVWDZDá]DZV]HLW\ONRSUHF\]\MQLHSRP\ĞODQą]RUJDQL]RZDQąLZ\SRVDĪRQDMDWNą
XQLFHVWZLDáZLPLĊNU\WHULyZQLNF]HPQ\FKOHF]SU]HMU]\ĞFLHSURVW\FK²]DWRĪHVLĊ
E\áRĩ\FLHP3RODNLHPF]\SDUW\]DQWHP$OHPRUGXMąFLGHSF]ąFQDĞPLHUüFDáHQDURG\
LPLOLRQ\RGG]LHOQ\FKOXG]LQLH]DELHUDáLPU]HF]\PRĪHQLHQDMZDĪQLHMV]HMOHF]MHG\QHM
MDNDLPZRZHMHVFKDWRORJLF]QHMFKZLOLSR]RVWDZDáD²QLH]DELHUDáLPJRGQRĞFLĞPLHUFL
NODURZQHMMDVQRĞFLZáDVQHMRILDU\]ZáDVQHJRĪ\FLD]DELHUDQHJRZáDĞQLHSU]H]KLVWRULĊ
SU]H]F]\MDĞSRQXUąPRFSU]H]EHVWLDOVWZRLQQ\FK]á\FKOXG]L:KLWOHU\]PLHPRĪQD
E\áRXPLHUDüJRGQLHQDZHW]GXPDQLH]DSLHUDMąFVLĊVDPHJRVLHELHMHĞOLNWRĞXPLDá
QLHJXELąFGXV]\ MDNPDZLDMą5RVMDQLHQDZHWPDWHULDOLĞFL QLHWUDFąFVLHELH²F]\OL
WHMRVWDWQLHMF]ąVWHF]NLF]áRZLHF]HĔVWZDNWyUHMLVNLHUNDWOLVLĊQDGQLHQDMVWUDV]OLZV]HM
QDZHWUR]SDF]\+LWOHU\]PPLDĪGĪ\áFLDáDLSDUDOLĪRZDáĞPLHUWHOQąWUZRJąVHUFDQXU]Dá
VáDE\FKZJQRMXLFKZáDVQHMVáDERĞFLZ\G]LHUDáLPPĊF]DUQLDPLXF]FLZRĞüLKRQRUDOH
JG\ NWRĞ PLDá GRĞü VLá\ DE\ REURQLü VZH F]áRZLHF]HĔVWZR KLWOHU\]P VWDZDá VLĊ ]ZLH-
U]ĊFRQLHSRUDGQ\ZREHFOHJRFRZF]áRZLHNXVLOQLHMV]HRGELRORJX0yJáW\ONRPLDĪGĪ\ü
GDOHMDĪGRUR]Sá\QLĊFLDVLĊPDWHULLQLHPyJáDQLQLHXPLDáXQLFHVWZLDüSRMĊüLSRVWDZ
PRUDOQ\FK5R]VWU]HOLZDQLNDWRZDQLZLHV]DQLGXV]HQL]DNRS\ZDQLĪ\ZFHPXPLHUDOL
SRWZRUQLHOHF]ZLHOX]QLFKWU]\PDáR]DSHZQHZVRELHDĪSRVNXUF]RVWDWHF]Q\MDNąĞ
ĞZLDGRPRĞüĪHFRĞXUDWRZDOLĪHXPLHUDMąLZLHG]ąGODF]HJRĪHQLHSU]HJUDOLĪHLFK
EH]VLOQ\ WHUD] Z WHM FKZLOL JQLHZ NOąWZD L QLHQDZLĞü PDMą MDNLĞ F]\VW\ RĞOHSLDMąF\
VHQV
*ZDáWRZQDĞPLHUü]UĊNLGUXJLHJRF]áRZLHNDMHVW]DSHZQH]DZV]HLZV]ĊG]LHWDND
VDPDZVZHMRK\GQHMSV\FKRIL]\F]QHMHVHQFMLZ\GDMHPLVLĊMHGQDNĪHĞPLHUüĩ\GD±
NRPXQLVW\Z\GDQHJRSU]H]VRZLHFNLH1.:'ZUĊFH*HVWDSRMHVWQDMVWUDV]OLZV]ą]H
ĞPLHUFL -HVW Z\GDUFLHP F]áRZLHND ] MHJR ZáDVQHJR LVWQLHQLD EH] SR]RVWDZLHQLD PX
VWU]ĊSX ĞZLDGRPRĞFL VHQVX WHJRĪ LVWQLHQLD +LWOHURZF\ QD]\ZDOL EDQG\WDPL L ]DELMDOL
OXG]LNWyU]\LPVLĊRSLHUDOLDOHQLHXPLHOLLFKREHGU]Hü]XF]XüW\FKNWyU]\SR]RVWD-
ZDOLSU]\Ī\FLX.RPXQLĞFLSRWUDILOLLWR²XPLHOL]DEUDüOXG]LRPZV]\VWNRQDZHWLFK
LGHQW\F]QRĞüQDZHWLFKFLHĔMDNZRZHMVWDURQLHPLHFNLHMEDMFHQDZHWLFKSU]HV]áRĞü
LSU]\V]áRĞü+LWOHU\]PXPLDáZ\KRGRZDüGĪXQJOĊĪ\FLDZNWyUHMQLHPRĪQDE\áRXIDü
XOLFRP GRPRP D QDGH ZV]\VWNR GUXJLHPX F]áRZLHNRZL .RPXQL]P SRV]HGá R NURN
GDOHMZZLHOXNLHUXQNDFKQDZRĪąFJOHEĊĪ\FLDP\ĞODPL/HQLQDL6WDOLQDUR]VLDáZRNyá
F]áRZLHNDJąV]F]ZNWyU\PQLHPyJáRQMXĪ]DXIDüQDZHWVDPHPXVRELHDSRQDGWR
NV]WDáWRP NRORURP ]DSDFKRP SRZLHWU]X .RPXQL]P XF]\QLá VDPR Ī\FLH VZRLP QD-
U]ĊG]LHPXFLVNXSURGXNWHPVZHJRV\VWHPXF]\OLVDPHJRVLHELH3RWUDILá]ZLą]DüNDWD
]RILDUąZVSyá]DOHĪQRĞFLąWDNRWFKáDQQ\FKZ]DMHPQ\FKXSRGOHĔĪHDĪZV]\VWNRUR]-
WRSLáRVLĊZQLHZ\SRZLHG]LDQHMPD]LDF]áRZLHNZSá\QąáQDNRV]PDUQąUDIĊQDNWyUHM
]JLQąüPXVLMDNRF]áRZLHN]DĞRGURG]LüVLĊPRĪHMXĪW\ONRMDNRFRĞLQQHJR&R²WHJR
QLHZLHP0RĪHMDNRVXENyáNRZIDQWDVPDJRU\F]QHMQDGPDV]\QLHPRĪHMDNRVSU]ąF]ND
XEXWDVXSHUZV]HFKZáDGF\SRGLVWQLHQLDNWyU\PZNRĔFXVWDQLHVLĊMDNLHĞUREDF]\ZH
ZLHORQRĪQH3ROLWELXUR-HĞOLNRPXQL]PLKLWOHU\]PVąĞPLHUWHOQ\PLSDUFKDPL;;±ZLHF]-
QHMOXG]NRĞFLWRW\PFRMHUyĪQLMHVWZ\áąF]QLHWHFKQLND]ĪHUDQLDWNDQNLRUJDQL]PyZ
PHWRGD SURFHVX ZU]RG]HQLD L SU]HV\FDQLD JQLOQą URSą PDWHULL Ī\GD +LWOHU\]P ]URELáá
ZLHOHGOD]DGHSW\ZDQLDLVWRW\OXG]NLHMDOHQLHVWHW\QLHXPLH@SRFKZDOLüVLĊWDNLPLGR-
DTP by SHADE 71
NRQDQLDPLMDNLHRSLVDQH]RVWDá\ZNVLąĪNDFKW\FKNWyU]\XFLHNOLVSRGNRPXQL]PXOXE
FKRüE\ ]GRáDOL SU]HND]Dü ĞZLDWX R QLP VZRMą ZLHG]Ċ +LWOHU\]P PRUGRZDá ]D NV]WDáW
QRVDLWRVWZDU]DáRSU]\PXVZDONLDĪGRNRĔFDEH]PRĪOLZRĞFLSRUR]XPLHQLDVLĊDĪGR
Z\NRU]HQLDQLD]áD]DNDĪGąFHQĊMDNąOXG]NRĞüPXVLDáDE\]DSáDFLü.RPXQL]PVWZDU]D
32=25<PRĪOLZ\FKSRUR]XPLHĔ]F]áRZLHNLHPSRF]\PF]áRZLHNDNWyU\XZLHU]\áMXĪ
EH]EURQQHJRXQLFHVWZLD]DWRFRZQLPGREUH]DQLH]DOHĪQRĞüP\ĞOL]DSRF]XFLHJRG-
QRĞFL]DVSU]HFLZNáDPVWZX3RPRFEOLĨQLHPXZNRPXQL]PLHWRWDNLVDPZ\EyUPRUDO-
Q\MDN]D+LWOHUD²NDUD]DRGUXFKPLĊG]\OXG]NLHMVROLGDUQRĞFLMHVWQLHXQLNQLRQD7\ONR
F]DVHPF]HNDVLĊQDQLąODWDPLLGODWHJRĞZLDWMHMQLH]DXZDĪD
.
&RWR]QDF]\FKFLHüGREU]H
.
-HVWWRNDWHJRULDPRUDOQDVWZRU]RQDQLHSU]H]NRPXQL]POHF]SU]H]Ī\FLHZNRPX-
QL]PLH8Ī\WDZF]DVLHSU]HV]á\P²RQFKFLDáGREU]H²]PLHQLDVLĊZQRUPĊPRUDOQHM
RFHQ\F]áRZLHNDMHJRĪ\FLDMHJRF]\QyZ
ĩ\FLHZNRPXQL]PLHSROHJDQDQLHXVWDQQHMZDOFH]NLPĞJáXSV]\PLJRUV]\PNWR
PDPRĪOLZRĞüGHF\]MLRZV]\VWNLPFRF]áRZLHNFKFH]URELüLNLPFKFHE\ü.DĪG\ZLH
ĪHZ\QLNWHMZDONLMHVWF]\VWąPHWDIL]\NąQLNWQLHMHVWZVWDQLHREOLF]\üSU]HZLG]LHü
]DSODQRZDüRFHQLüDQLMHMSU]HELHJXDQLMH UH]XOWDWyZ6WąG.LHUXQHNLMDNRĞüWHMZDONL
XVWDZLDMąMDNRZKLHUDUFKLLZDUWRĞFLHW\F]Q\FKL]QDF]HQLDPRUDOQHJR1DKRU\]RQFLH
SUREOHPDW\NLPRUDOQHMF]áRZLHND;;ZLHNXSRMDZLDVLĊUD]MHV]F]HLQWHQFMDMDNRQDSyá
DQLHOVNDDQDSRá\GHPRQLF]QDSU]HVáDQNDP\ĞOLXF]XüLG]LDáDĔ²F]\OLSV\FKRPRUDO-
QDNDWHJRULDRNWyUHMP\ĞOHOLĞP\ĪHSRJU]HEDQD]RVWDáDZUD]]OLWHUDWXUąZLNWRULDĔVNą
: RJyOQHM QLHPRĪQRĞFL GRNRQDQLD F]HJRNROZLHN SR]\W\ZQHJR VáXV]QHJR PąGUHJR
SRĪ\WHF]QHJRGODVLHELHLVSRáHF]HĔVWZD²VDPDLQWHQFMD]DF]\QDOLF]\üVLĊMDNRZDU-
WRĞüLQWHJUDOQDLDXWRQRPLF]QD&]\OLFRĞ]DFRPRĪQDMXĪFHQLüF]áRZLHND
3UDZGRSRGREQLH]DVWRVRZDQRMąSRUD]SLHUZV]\GRVDPHJR0DU[DL(QJHOVDNLHG\
RND]DáRVLĊMDNDSU]HSDĞüRWZLHUDVLĊSRPLĊG]\W\PF]HJRFKFLHOLDSRPLĊG]\W\PFR
ZLPLĊLFKFKĊFL]PDMVWURZDQRÄ2QFKFHGREU]H´²PyZLRQRR/HQLQLHJG\PRĪQDE\áR
VRELH P\ü UĊFH ZH NUZL ZRNyá NZDWHU JáyZQ\FK VRZLHFNLHM SROLFML SROLW\F]QHM Z 0R-
VNZLHLZ/HQLQJUDG]LH7RVDPRPyZLOLRJáXSLDOL]IDQDW\]PXLQWHOHNWXDOLĞFLZODWDFK
WU]\G]LHVW\FKR6WDOLQLHJG\WHQGRU]\QDáVZRLFKQDMGURĪV]\FKJLHUPNyZNWyU]\SU]HG-
WHP]MHJRUR]ND]X]DU]\QDOLLQQ\FKJLHUPNyZ:\FLHĔF]RQHZRMQąLKLWOHURZVNąRNX-
SDFMą VSRáHF]HĔVWZD (XURS\ ZVFKRGQLHM FKFLDá\ ZLHU]\ü Z GREUD ZROĊ NRJRNROZLHN
L]SRF]ąWNXVNáRQQHE\á\GDüNUHG\WNRPXQLVWRPLLFKV\UHQLPĞSLHZRPRQRZ\PUDMX
QD]LHPLMDNLZáDG]DLFKSU]\QLHVLHW\PNUDMRP-XĪZNUyWFHRND]DáRVLĊĪHSRSURVWX
QLHVSRVyEMHVWGRMĞüGRWHJRF]\NRPXQLĞFLFKFąGREU]HF]\ĨOHDOHIDNWHPELMąF\P
ZRF]\NDĪGHJRMHVWĪHF]HJRNROZLHNE\QLHFKFLHOLUH]XOWDWMHVWIDWDOQ\3ROLW\F\QD
XU]ĊGDFKRG]QDF]DMąVLĊVSHF\ILF]QąGáXJRZLHF]QRĞFLąZNRPXQL]PLHDOERZLHPRLFK
NDULHU]HGHF\GXMąQLHLFKRELHNW\ZQHGRNRQDQLDOHF]áDVNDSDUWLLSROLW\NPRĪHSRZR-
GRZDüNDWDVWURIĊ]DNDWDVWURIąLUXMQRZDüQDMEDUG]LHMNZLWQąFHG]LHG]LQ\SRZLHU]RQH
MHJRSLHF]\RLOHSDUWLDXZDĪDJR]DZLHUQHJRV\QDQLJG\QLFPXVLĊQLHVWDQLHLMHJR
DZDQVHEĊGą]DSHZQLRQH5HNRUG\GáXJRZLHF]QRĞFLSRELáMHGQDNSROVNLSUHPLHUNWyU\
VSHáQLDáWĊIXQNFMĊSU]HV]áRODW&LHV]\áVLĊRQQDZHWSHZQąSRSXODUQRĞFLąZVSRáH-
F]HĔVWZLHG]LĊNLQLH]Z\NOHSHUILGQHMWDNW\FHSURSDJDQGRZHMMHJRWRWXPIDFF\NWyU\P
]DSHZQLDáRQOXNUDW\ZQHSRVDG\JáRVLOLZV]ĊG]LHMDNEDUG]RGREU]HRQFKFHGODOXGX
LMDNPXLQQLNROHG]\²NRPXQLĞFLU]ąG]ąF\3ROVNąQLHSR]ZDODMąURELüWHJRFRRQFKFH
:RGSRZLHG]LVá\V]HOLF]ĊVWRĪHGHNDGD]DGHNDGąPLMDLPLPRĪHRQFKFHGREU]HMHVW
FRUD]JRU]HM1DFR]NROHLRGSRZLDGDOLĪHEH]QLHJRE\áRE\RZLHOHJRU]HMF]HJR²
U]HF]MDVQD²VSUDZG]LüQLHPRĪQDER3ROVNDRGODWQLHE\áDEH]QLHJRLW\ONRZLH-
G]LDáDMDNMHVW]QLP,QQLNRPXQLVW\F]QLPĊĪRZLHVWDQXIXQGXMąZLHONLHNDULHU\QDW]Z
PUXJDQLXRNLHPGR6SRáHF]HĔVWZDF]\GRHZHQWXDOQ\FKSRSOHF]QLNyZZáRQLHSDUWLL
NWyUHWRPUXJDQLHMHVWMDNRE\GRZRGHPQDWRĪHRQLMXĪZLHG]ąFR]URELüĪHE\E\áR
DTP by SHADE 
GREU]HLQDW\FKPLDVWWRXF]\QLąMDNW\ONREĊGąPRJOLZREHFF]HJRWU]HEDLFKSRSU]Hü
SRGWU]\PDüXáDWZLüLPGURJĊGRZáDG]\7HFKQLNDPUXJDQLDRNLHPSURZDG]LF]DVHP
ZDXWHQW\F]QHWUDJHGLH
&]DVHP NRPXQLVW\F]Q\ SROLW\N FKFH QDSUDZGĊ GREU]H FKFH ]áDJRG]Lü FHQ]XUĊ
U]XFLüZLĊFHMWRZDUyZNRQVXPSF\MQ\FKQDU\QHNUR]OXĨQLüXFKZ\WSROLFMLSROLW\F]QHM
:GDMHVLĊZWHG\ZWDUJL]QDG]RUFDPL]UDPLHQLDRUWRGRNVMLOXESRSURVWX]5RVMDQD-
PLEH]NWyU\FK]JRG\QLFZNUDMDFKVDWHOLFNLFKQLHQDVWąSL-HĞOLZRZ\FK]DFLHNá\FK
ZDONDFKX]\VNDMDNLHĞPLQLPXPNRQFHVMLZWHG\]ZUDFDVLĊGRVZHJRVSRáHF]HĔVWZD
]SURSR]\FMą]DSU]HVWDĔFLHGRPDJDQLDVLĊZLĊFHMFLHV]FLHVLĊW\PFRĞP\X]\VNDOLER
]GRE\FLH WHJR QLH E\áR áDWZH L Z\SUXOLĞP\ ] VLHELH RVWDWQLH VLá\ ĪHE\ FKRü WR GRVWDü
&]ĊĞü VSRáHF]HĔVWZD SRZLH ZWHG\ ĪH IDFHW FKFH GREU]H L EĊG]LH PLDáD UDFMĊ F]ĊĞü
]DĞSRZLHĪHIDFHWFKFLDáGREU]HDOHVLĊ]DáDPDáLVSU]HGDá²LWHĪMDNRĞEĊG]LHPLDáD
UDFMĊDOERZLHPREURQDPLQLPXPSU]\SRPRF\ZV]HONLFKĞURGNyZ²DZLĊFUHSUHVML
SROLFMLSU]\PXVXLWG²MHVWNDSLWXODFMąZREHFQLHXVWĊSOLZRĞFLJHQHUDOQ\FKQDG]RUFyZ
F]\VWRĞFLNRPXQL]PX,WDNRWRPDP\WUDJHGLĊWHJRNWyU\FKFLDáGREU]H.DURO0DU[
]JRGQLH]W\PFRVDPP\ĞODáRVZ\PG]LHOHZ\VWąSLáG]LHáHPW\PZREURQLHF]áRZLHND
GáDZLRQHJR SU]H] XNáDG VSRáHF]Q\ 3R F]\P Z LPLĊ 0DU[D LQQL OXG]LH ]PRQWRZDOL FRĞ
FRXF]\QLáRF]áRZLHNDWDNEH]EURQQ\PMDNQLJG\GRWąGZG]LHMDFK,WRQLHW\ONRZREHF
SU]HPRF\REáĊGQ\FKELXURNUDW\F]Q\FKVWUXNWXUOHF]WDNĪHZREHFOXG]NLHMV]PDWáDZRĞFL
LFK\WURĞFLSU]\NWyU\FKQDGXĪ\FLDNDSLWDOLVW\F]QHJRÄOHVVHIHU\]PX´Z\GDMąVLĊĪ\F]OL-
ZąSURVWDFNąVLHODQNą6\VWHPZDUWRĞFLLPHFKDQL]PSU]H]QDF]HĔSUHPLXMHZNRPX-
QL]PLH PDáRĞü L SRGáRĞü L Z\QRVL MH SRG UyĪQ\PL SRVWDFLDPL SRZRG]HQLD Z VWRSQLX
QLH]QDQ\PLQQ\PHSRNRP.DĪG\NWRZQLPĪ\MHZLHĪHV\VWHPMHVW]á\]JQLá\LGHSUD-
ZXMHOXG]LNWyU]\ZQLPVWDMąVLĊĨOL=DUDĪD]áHPNDĪGHJRNWRJRGRWNQLH²DNDĪG\
QLHPDOJRGRW\NDZWHMF]\LQQHMIRUPLH²GREU]\]DĞPXV]ą]JLQąüZMHJRWU\EDFK
.DĪG\WDPZLHĪHNRPXQL]PWROXG]NRĞüRV]XNDQDLĪHWRFRJáRVLá\RQLPSRNROHQLD
PDU]\FLHOLLGHRORJyZLSLVDU]\]DQLPREOyNáVLĊZNV]WDáWE\áR]Z\Ná\PQDGXĪ\FLHP
GREUHM ZLDU\ SXEOLF]QRĞFL -HJR F]FLFLHOH SU]\U]HNDOL ĪH EĊG]LH SUDZGą SU]\QLyVá ]DĞ
XĞZLĊFHQLHNáDPVWZDZQLHVSRW\NDQ\PGRWąGZ\PLDU]H=DSHZQLDOLĪHEĊG]LHVSUDZLH-
GOLZRĞFLąDVWDáVLĊJLJDQW\F]Q\PLQNXEDWRUHPZLHONLFKLPDá\FKNU]\ZG2EZLHV]F]DOL
ĪH SU]\QLHVLH SUDZG]LZą ZROQRĞü D SU]\QLyVá QDMGRVNRQDOHM VNRQVWUXRZDQą QLHZROĊ
NDĪGHJRSU]HMDZXĪ\FLDLNDĪGHMNRPyUNLVSRáHF]QHMZVWRSQLXQLH]QDQ\PQDMVWDUV]\P
W\UDQLRP 6QXOL SXEOLF]QH PDU]HQLD ZUHV]FLH R W\P MDN XV]ODFKHWQL RQ Z\]ZRORQHJR
] ZLĊ]yZ HNVSORDWDFML F]áRZLHND D NRPXQL]P XSRGOLá F]áRZLHND L XZLNáDá ZH ZáDG]-
WZRJáXSRW\QLVNLFKLQVW\QNWyZSáDVNRĞFLSU]\]LHPQRĞFLLZHZ]DMHPQHZ\QLV]F]DQLH
R QLH]QDQ\FK SU]HGWHP FHFKDFK Z\UDILQRZDQLD 7UXGQR VLĊ G]LZLü ]DWHP ĪH LQWHQFMD
ZW\PĞZLHFLHVWDMHVLĊU]DGNLPVNDUEHPLV\QRQLPHPFQRW\
2GPĊWPRUDOQ\FKSXáDSHNZNRPXQL]PLHVSUDZLDĪHWHQNWyU\FKFHGREU]HDE\
]DSHZQLüVRELHPLQLPXPVNXWHF]QRĞFLG]LDáDQLDPXVLGáXJRLZ\GDMQLHF]\QLüĨOH-HVW
WRMHG\QDGURJDGR]GRE\FLDGRVWDWHF]QHJRDXWRU\WHWXZNWyUHJR]EURLPRĪQDSU]\VWą-
SLüGRVLDQLDGREUD$XWRU\WHWWDNLMHVWQDU]ĊG]LHPGZX]QDF]Q\PPRĪHR]QDF]DüQLH-
]DFKZLDQ\ZLHUQRĞüSDUWLL]SREXGHNLGHDOLVW\F]Q\FKPRĪHWHĪR]QDF]DüEH]JUDQLF]Qą
JRWRZRĞüGRNDĪGHJRĞZLĔVWZDQD]OHFHQLHSDUWLL²RFHQDPRUDOQDVDPHJRDXWRU\WHWX
MHVWEH]]QDF]HQLDOLF]\VLĊW\ONRMHJRVNXWHF]QRĞü:SUDNW\FHMHGQDNG]LHMHVLĊQD-
VWĊSXMąFRGOD]GRE\FLDQDOHĪQHJRDXWRU\WHWXGRF]\QLHQLDGREUD]DUyZQRLGHDOLVWDMDN
L F\QLF]Q\ SUDJPDW\N PXV]ą QDJURPDG]Lü Z G]LDáDQLX VZRLP W\OH ]áD ĪH IRUPXáD RQ
FKFHGREU]HZLPLĊNWyUHMF]áRZLHNUXV]DGRZDONLJXELVLĊJG]LHĞSRGURG]HL]DFLHUD
ZSU]ĊJQLĊW\]DĞZUXW\QĊĪ\FLDDPDWRUGREUDVWDMHVLĊQDUHV]WĊVZHMHJ]\VWHQFMLSR-
WXOQ\PHJ]HNXWRUHPNRPXQLVW\F]QHMSU]HPRF\LEH]SUDZLD1LHPQLHMMHGQDNSRVWDZD
NWyUąPRĪHP\RNUHĞOLüMDNRWDOOH\UDQG\]PMHVWZ]RUHPSRVWĊSRZDQLDPRUDOQHJRSU]\-
FLąJDMąF\PZLHOXP\ĞOąF\FKáXG]LGREUHMZROLZNRPXQL]PLH
3U]\SRPQLMP\SRNUyWFHFRWRMHVWWDOOH\UDQG\]P1D]ZDWDZ\ZRG]LVLĊ]KLVWRULL
Ī\FLDLXF]\QNyZSDQDGH7DOOH\UDQGIUDQFXVNLHJRDU\VWRNUDW\LG\SORPDW\NWyU\VáXĪ\á
DTP by SHADE 73
SR NROHL %XUERQRP 5HZROXFML )UDQFXVNLHM '\UHNWRULDWRZL 1DSROHRQRZL RUD] ]QRZX
%XUERQRP ² SRSHáQLDMąF ZV]HONLH QLNF]HPQRĞFL L EH]HFHĔVWZD QD ]OHFHQLH NDĪGHJR
NROHMQHJRZáDGF\Z\QLNDMąFH]ZSá\ZRZHMSR]\FMLSROLW\F]QHMLDGPLQLVWUDF\MQHMNWyUD
E\áDSU]H]FDá\WHQF]DVMHJRXG]LDáHP-HGQRF]HĞQLHS\WDQ\RVZHVXPLHQLHLVDPR-
SRF]XFLH SDQ GH 7DOOH\UDQG ]DZV]H RĞZLDGF]Dá ĪH PD VLĊ ]D F]áRZLHND FQRWOLZHJR
LSU]\]ZRLWHJRSRQDGZV]HONąPLDUĊDOERZLHPFDáHVZRMHĪ\FLHVáXĪ\W\ONRLZ\áąF]QLH
)UDQFMLDQLHMHMZáDGFRPQLH]DSRPLQDMąFRSRSUDZQRĞFL]DVDGLSU\QF\SLyZQDMRJyO-
QLHMSRMĊWHJRF]áRZLHF]HĔVWZD-HJRZVSyáF]HĞQLSRQDGWR]DĞZLDGF]DMąĪH]DZV]HRG-
]QDF]DáVLĊĞZLHĪąFHUąGRVNRQDá\PWUDZLHQLHPLSRJRGQąUyZQRZDJąGXFKDZáDĞFLZą
OXG]LRPSU]HNRQDQ\PQLH]DFKZLDQLHRVZHMXF]FLZRĞFLLĪDGQHSRF]XFLHZLQ\QLHPLDáR
QLJG\GRQLHJRGRVWĊSX2G7DOOH\UDQGyZDOERUDF]HMPQLHMOXEZLĊFHMXGDWQ\FKMHJR
LPLWDWRUyZURLVLĊZNRPXQL]PLHFRVSUDZLDĪHF]DVDPLROXG]LDFKNWyU]\QDRNRVą
QDM]XSHáQLHM MHGQDNRZL Z VZ\P SURILOX HJ]\VWHQFMDOQ\P ² MHGQDNRZD SU]\QDOHĪQRĞü
SDUW\MQDMHGQDNRZHáDMGDFWZDSRSHáQLDQHZMHMLPLĊMHGQDNRZDJáXSRWDLMHGQDNRZD
VSU]HGDMQRĞü ² PyZL²VLĊ EDUG]R UyĪQLH DĪ GR ĞPLHV]Q\FK SRODU\]DFML RSLQLL -HVW WR
SRSURVWXZ\QLNLHPRZHJRG]LZQHJR]DSOHF]DĪ\FLDVSRáHF]QHJRJG]LHOLF]ąVLĊW\ONR
LQWHQFMHLWRF]\MHGHQ]QLFKFKFHOXEFKRüE\NLHG\ĞFKFLDáGREU]HLGDáWHJRGRZyG
GUXJLHPX]DĞQLJG\VHUFHQLHGUJQĊáRZVSRVyEWDNZLGRF]Q\E\EOLĨQLPRJOLGUJQLĊFLH
WDNLHRGQRWRZDü:]DFKRGQLHMGHPRNUDFMLRGF]\QQLNSROLW\F]QR²PRUDOQ\IXQNFMRQXMH
RGĞZLĊWDSU]\VSHFMDOQ\FKRND]MDFKLQLNWQLHEĊG]LHJáRVRZDáQDSROLW\NDZZ\ERUDFK
W\ONRGODWHJRĪH]DáDWZLáRQZEDQNXSRĪ\F]NĊGOD]EDQNUXWRZDQHJRNXSFDNWyU\G]LĊ-
NLWHMSRĪ\F]FHRGURG]LáVLĊILQDQVRZRLVWDQąáQDQRJL:NRPXQL]PLHODNPXVWHQG]LDáD
QDFRG]LHĔFRG]LHQQLHXMDZQLDQRZ\Z\EyULQRZąNRQLHF]QRĞüZDUWRĞFLRZDQLDZNDĪ-
GHMVSUDZLHLZNDĪGHMRNROLF]QRĞFLLQDF]HM]DZV]HZSHUVSHNW\ZLHRE\F]DMRZHMHW\NL
LZRGQLHVLHQLXGRLQWHUHVyZLQQ\FKOXG]L6WąGRJURPDPELZDOHQFMLLFDáNRZLWDQLHSU]\-
GDWQRĞü]ELRUF]\FKHW\NLHWHN7HQMHVWGREU\NWRMHVWGREU\G]LĞWXWHUD]LZNRQNUHW-
QHMVSUDZLH3ROLW\NNWyU\SRPRĪHLQZDOLG]LHZRMHQQHPXZ]GRE\FLXNRQFHVMLQDNLRVN
]JD]HWDPLRF]\PZLHĞüUR]HMG]LHVLĊV]HURNR]GRE\ZDZVSRáHF]HĔVWZLHSRSXODUQRĞü
LVáDZĊWHJRFRFKFHGREU]H-HJRF]\QMHVWEU]HPLHQQ\ZVNXWNLF]DVHPWDNĪHLGOD
QLHJRDOERZLHPMHJRZURJRZLHSUDFXMąFQDGMHJR]JXED]DZV]HVąZVWDQLH]DU]XFLü
PXĪHLQZDOLGDVWUDFLáQRJĊZDQW\NRPXQLVW\F]QHMSDUW\]DQWFHVWUąFDMąFZWHQVSRVyE
LQZDOLGĊLMHJRGREURF]\ĔFĊQDGQRXSDGNX]GUXJLHMVWURQ\ZLHĞüRGREU\PF]\QLHSR-
OLW\NDQLJG\QLHUR]HMG]LHVLĊGRVWDWHF]QLHV]HURNRDĪHE\]HEUDáRQ]HVZHMSRSXODUQR-
ĞFLQDG]Z\F]DMQHNRU]\ĞFLZVNDOLRJyOQRQDURGRZHMGODWHJRFKRüE\ĪHVDPSROLW\NQLH
MHVWVNáRQQ\SU]HVDGQLHUHNODPRZDüVZyMF]\QEĊGąFĞZLDGRP\PHZHQWXDOQ\FKLQWU\J
LQLHEH]SLHF]HĔVWZ:\VWDUF]\ĪHWXLyZG]LHPyZLüVLĊEĊG]LHRQLPGREU]HDSROLW\N
ZNRPXQL]PLHQLHRGSRZLDGD]DVZyMSURJUDP²]QDWXU\U]HF]\GRJPDW\F]QLHV]W\Z-
Q\²W\ONR]DVZRMąSU]\]ZRLWRĞüQDFRG]LHĔNWyUDMHVWMHJRMHG\Q\PDWXWHPLW\WXáHP
ZRF]DFKVSRáHF]HĔVWZD7HQG]LZDF]Q\SDUDGRNV]DXZDĪDOQ\MHVWQDMOHSLHMZDWPRV-
IHU]HZ\ERUF]HM:\ERU\VWDQRZLąZNRPXQL]PLHIDUVĊOHF]QLHSR]EDZLRQąV]HUV]\FK
]QDF]HĔ *áRVXMH VLĊ W\ONR L Z\áąF]QLH QD MHGQą OLVWĊ Z\ERUF]ą ]áRĪRQą ] SLĊFLX OXE
V]HĞFLXQD]ZLVNZNDĪG\PRNUĊJXZ\ERUF]\P1D]ZLVNDWHQDOHĪąGROXG]LQDOHĪąF\FK
GRSDUWLLOXEWDNLFKNWyU]\QLHQDOHĪąOHF]NWyU\FKZLHUQRĞüLSRVáXV]HĔVWZRVąSR]D
ZV]HONLPSRGHMU]HQLHP:\ERUFDQLHPDZLĊFĪDGQHJRZ\ERUXDMHJRSUDZRVNUHĞOHQLD
NDĪGHJRQD]ZLVNDMDNLHFKFHQLJG\QLHZSá\QLHQD]PLDQĊHNLS\NWyUD]DZV]H]RVWDQLH
Z\EUDQDGR]DVLDGDQLDZRUJDQDFKMDNRE\XVWDZRGDZF]\FK1LHPQLHMFLNWyU]\SUDJQą
Z QLFK ]DVLąĞü Z\JáDV]DMą SU]HPyZLHQLD Z\ERUF]H L FR VSU\WQLHMVL ZLHG]ą R W\P ĪH
JáRVXMąF\Z\ERUFDNLHUXMHVLĊZW\PDNFLHZ\ERUF]\PQDG]LHMąLĪZ\EUDQ\SRVHáQLH
EĊG]LHUHDOL]RZDáWHJRFRJáRVLZVZ\PSURJUDPLHZ\ERUF]\P&R]QDF]\ĪHMHVWGR-
VWDWHF]QLHSU]\]ZRLW\DE\SURJUDPXNWyU\JáRVLQLHZFLHODüZĪ\FLH3HUVSHNW\Z\WDO-
OH\UDQG\]PXVąZLĊFEH]NUHVQHDF]NROZLHN]ZXOJDU\]RZDQHLQDGREUąVSUDZĊNDĪG\
VHNUHWDU]SRZLDWRZ\SDUWLLFKU]F]ąF\VZHG]LHFNRZNRĞFLHOHXZDĪDVLĊZNRPXQL]PLH
]D7DOOH\UDQGD
DTP by SHADE 
.RPXQLVW\F]QDSV\FKRORJLDZNWyUHM)UHXG$GOHUL-XQJVą]JRGQLH]DND]DQLPD
QD VZ\P NRQFLH SRZDĪQH RVLąJQLĊFLD FDáNLHP QLH]QDQH QD =DFKRG]LH 1D SU]\NáDG
EDUG]RGURELD]JRZR]EDGDáDNRUHODFMĊSRPLĊG]\F]\QHPVáRZHPDP\ĞOąXW]ZSUDZ-
G]LZHJRF]áRZLHND3UDZG]LZ\F]áRZLHNR]QDF]DZW\PZ\SDGNXMHGQRVWNĊOXG]NąNWy-
UHMVSRVyEP\ĞOHQLD]DFKRZDQLDLPSXOV\LUHDNFMH]JRGQHVą]W\PF]HJRSDUWLDNR-
PXQLVW\F]QDRGQLHJRVLĊVSRG]LHZD2ND]DáRVLĊERZLHPĪHSUDZGDRF]áRZLHNXQLH
SR]RVWDMH Z VSRLVW\P L ORJLF]Q\P ]ZLą]NX ] MHJR F]\QDPL VáRZDPL L P\ĞODPL D WH
SRQDGWR QLH SR]RVWDMą Z RGSRZLHG]LDOQHM ]DOHĪQRĞFL Z]JOĊGHP VLHELH Z]DMHPQLH 7R
ĪHSUDZG\RF]áRZLHNXQLHPyZLąMHJRF]\Q\XGRZRGQLáMXĪFDáNLHPVXPLHQQLH'RVWR-
MHZVNLDWDNĪHZLHOXSLVDU]\SRQLP7DNĪHSUDZG\WHMQLHXMDZQLDMąVáRZDDOERZLHP
ZLDGRPRĪHG]LDáDF]SROLW\F]Q\SU]HPDZLD]RWXORQHMF]HUZRQ\PV]WDQGDUHPWU\EXQ\
QLHZLHU]ąFDQLZüZLHUüVáRZDWHJRFRVDPPyZL1DWRPLDVWRNROLF]QRĞüĪHPRĪQDSR-
SHáQLüPQyVWZRQDMEDUG]LHMNDU\JRGQ\FKáDMGDFWZOHF]MHĞOLSRSHáQLDMąFMHP\ĞODáRVLĊ
RQLFKĪHVąRQHáDMGDFWZDPLDOERNRPXQLNRZDáRVLĊVZHZąWSOLZRĞFLV]HSWHPQDXFKR
]DXIDQ\PSU]\MDFLRáRP²WDRNROLF]QRĞüVSUDZLHĪHáDMGDFWZDQLHVąMXĪáDMGDFWZDPL
,WXGRFKRG]LP\GRLQQHJRDVSHNWXZ\QLHVLHQLDLQWHQFMLQDSLHGHVWDáFQRW\:RERZLą-
]XMąF\FKZDUXQNDFKRNROLF]QRĞüĪHNWRĞFKFHGREU]HSU]HREUDĪDVLĊZPRUDOQą]DVáX-
JĊ MHVW WR MHGQDN ]DVáXJD ĞOLVND L QLHEH]SLHF]QD GOD ZV]\VWNLFK :\VWDUF]\ ERZLHP
ĪHNWRĞFKFLDáGREU]HDOHPXQLHZ\V]áRÄZREHFWHJRSRSHáQLáF]\QQLNF]HPQ\DOH«
: GHNDORJX PRUDOQ\P SUDNW\NL Ī\FLD Z NRPXQL]PLH ]QDMG]LH RQ UR]JU]HV]HQLH VDP
IDNWĪHP\ĞODáRW\PĪHSRSHáQLDĞZLĔVWZRĪHE\áMHJRĞZLDGRP\VSUDZLDLĪJU]HFKVLĊ
QLHOLF]\1LHPDPRĪOLZRĞFLZDONL]H]áHPPLOLRQ\OXG]LĪ\MąSRSHáQLDMąF]áRQLHĞZLDGR-
PLHMDNRĞOHSHQDU]ĊG]LD´V\VWHPXVWąGIDNWĞZLDGRPRĞFLLRFHQ\]NMDNR]áDMHVWMXĪ
FQRWą1DZHWWHQQXUWZWUDG\F\MQHMPRUDOLVW\FHFKU]HĞFLMDĔVNLHMNWyU\VNáRQQ\E\áUR]-
JU]HV]DüQLHĞZLDGRPRĞü «RQQLHZLHG]LDáFRUREL« ZRVáXSLHQLXSU]\MąáE\WH]ĊĪH
NWRĞMHVWQLHZLQQ\SRQLHZDĪPLDáSHáQąĞZLDGRPRĞüLGREU]HZLHG]LDáFRURELDQDZHW
Z SU]\Sá\ZLH QDGĞZLDGRPRĞFL UR]SUDZLDá R VZ\FK ]ZąWSLHQLDFK L VFHSW\F\]PDFK ]H
]QDMRP\PL SU]\ ZyGFH 1D QLHV]F]ĊĞFLH WH ]DVDG\ PRUDOQH SU]HQLNQĊá\ JáĊERNR GR
VSRáHF]HĔVWZU]ąG]RQ\FKSU]H]NRPXQLVWyZLQDMJRUV]HNDQDOLHLRSRUWXQLĞFLZ]QRV]ą
QD QLFK JPDFK\ ZáDVQ\FK NDULHU RUD] UyĪQH NRQVWUXNFMH GHVW\ODF\MQH GR G\IX]ML ZáD-
VQ\FKQLNF]HPQRĞFLLPDWDFWZ
&K\ED QDMEDUG]LHM SDWHW\F]Qą L GRUDĨQą PDQLIHVWDFMĊ ]DVDG\ ÄRQ FKFH GREU]H´
SU]\V]áR PL RJOąGDü NLHG\Ğ Z =DJU]HELX Z -XJRVáDZLL *áyZQą XOLFą NURF]\á GXPQLH
L]DG]LHUĪ\ĞFLHSRFKyGSUDZLGáRZR]RUJDQL]RZDQHMPáRG]LHĪ\NRPXQLVW\F]QHMZF]HU-
ZRQ\FKNUDZDWDFK]F]HUZRQ\PLV]WDQGDUDPL:PRU]XWUDQVSDUHQWyZLSRĞUyGQLH-
XVWDMąFRZ]QRV]RQ\FKRNU]\NyZÄ3RNyM3RNyM&DVWUR7LWR´:V]\VF\WU]\PDOLVLĊ]D
UĊFH]DUDPLRQDREHMPRZDOLZSyáGHPRQVWUXMąFRZąIDáV]\ZąV]WXF]QąEUDWHUVNRĞü
QD SRND] RVWHQWDF\MQą PLáRĞü ZV]\VWNLFK GOD ZV]\VWNLFK WĊSH V]F]ĊĞFLH VNDQGRZD-
QLDVORJDQyZ6SRĞUyGSXEOLF]QRĞFLQDWURWXDU]HZ\QXU]\áVLĊUDGRĞQLHSLMDNRJDUQLĊW\
SU]\Sá\ZHPZV]HFKOXG]NLHMF]XáRĞFL%\áWRVWDU\XERJRXEUDQ\Z\PLĊW\FDáRQRFQ\P
SLFLHPDONRKROLNOHF]VWRSLHĔMHJRXF]XFLRZHJR]DDQJDĪRZDQLDZXQLHVLHQLHFKZLOąQLH
XOHJDáĪDGQHMZąWSOLZRĞFLE\áZ]UXV]DMąFRV]F]HU\3LMDNWHĪFKFLDáEUDWDüVLĊVROLGD-
U\]RZDüZ]LąüXG]LDá²MHGQ\PVáRZHPÄFKFLDáGREU]H´.U]\F]DáJáRĞQLHMRGLQQ\FK
GRPDJDáVLĊSRNRMXL]Z\FLĊVWZDSRSLHUDáLGDZDá]VLHELHZV]\VWNR'ZyFKNU]HSNLFK
PáRG]LHĔFyZZF]HUZRQ\FKNUDZDWDFKZ\UZDáRJREUXWDOQLH]V]HUHJyZLRGHSFKQĊáR
DĪ ]DWRF]\á VLĊ L XSDGá QD EUXN 3R F]\P XVLDGá QD NUDZĊĪQLNX WURWXDUX XNU\á WZDU]
ZGáRQLDFKL]DSáDNDá
.
-DNNRFKDü
.
0LáRĞüMHVWMHG\Q\PVSRĞUyGSLHUZLDVWNRZ\FKHOHPHQWyZE\WXZREHFNWyUHJRNR-
PXQL]P MHVW EH]UDGQ\ 1D VDP\P SRF]ąWNX ]DUD] SR UHZROXFML SRMDZLDá\ VLĊ JáRV\
RPLáRĞFL MDNRRUHOLNFLHEXUĪXD]\MQHMF\ZLOL]DFML LFKEH]VLOQD DEVXUGDOQRĞüNZDOLILNR-
DTP by SHADE 75
ZDáDMHMHGQDNZ\áąF]QLHGRSDQRSWLFXPUHZROXF\MQHJR]HODQFWZD6SUDZDMHGQDNQLH
MHVWWDNSURVWDMDNE\VLĊZ\GDZDáRLQLHVSRVyEMHM]E\üDUJXPHQWHPQRQVHQVRZQRĞFL
.RPXQL]P MHVW ĞZLDWRSRJOąGHP PRQLVW\F]Q\P Z NWyU\P QLH PD PLHMVFD QD UyZQR-
U]ĊGQRĞüLVWQLHMHW\ONR]DVDGDQDGU]ĊGQDLZV]\VWNRQDOHĪ\VLĊMHM-HĞOLQDZHWUR]VąGHN
PyZLNRPXQLĞFLHĪHF]áRZLHNRZLWU]HED]RVWDZLüZQLPVDP\PPLHMVFHGRNRFKDQLD
LQQ\FKOXG]L²NRELHW\URG]LFyZG]LHFND²WRZNRPXQLĞFLHLGHDOQ\PVNRQVWUXRZD-
Q\PZHGáXJSU]HSLVXQDNRPXQLVW\F]Q\DEVROXWFRĞVLĊEXQWXMHSU]HFLZWDNLHPXUR]-
ZLą]DQLX 3DUWLD MHVW QDMZ\ĪV]ą GDZF]\QLą ZV]HONLHJR GREUD ÄWRWHĪ ZV]HONLH XF]XFLD
QDOHĪą GR SDUWLL $ SU]\QDMPQLHM XF]XFLH EH]ZDUXQNRZHM ZLHUQRĞFL L EH]JUDQLF]QHJR
]DXIDQLD6WąGMXĪW\ONRNURNGRPLáRĞFLLZSU]HNRQDQLXDEVROXWQHJRNRPXQLVW\SDUWLD
SRZLQQDE\üNRFKDQDSRQDGZV]\VWNRLQLHPDMąSUDZDLVWQLHQLDZLĊ]\XF]XFLRZHLQQH
QLĪPLáRĞüGRSDUWLL$EVROXWQ\FKNRPXQLVWyZOXEWDNLFKNRPXQLVWyZNWyU]\SURNODPXMą
VZyMDEVROXWGODGRUDĨQ\FKNRU]\ĞFLMHVWZLĊFHMQLĪE\VLĊNRPXNROZLHNZ\GDZDáR]DĞ
QDMZLĊFHM LFK Z SROLFML SROLW\F]QHM RUJDQL]DFML NDSáDĔVNLHM NWyUHM ]DGDQLHP MHVW SRG-
WU]\P\ZDQLHĞZLĊWHJRRJQLDPLáRĞFLGODSDUWLLZGXV]DFKRE\ZDWHOL
1DOHĪ\WXSRF]\QLüZDĪNLHUR]UyĪQLHQLH0LáRĞüFKU]HĞFLMDĔVND]DNáDGDáDPLáRĞüGR
%RJDNWyUDQDSDZDOXG]LPLáRĞFLąGROXG]LGREOLĨQLHJRNWyUHJRQDOHĪ\NRFKDüDE\
]UHDOL]RZDü NUyOHVWZR %RĪH QD ]LHPL ² F]\OL Z SHUVSHNW\ZLH VZHM PLDáD PLáRĞü GUX-
JLHJRF]áRZLHNDGODWHJRĪHMHVWF]áRZLHNLHP0LáRĞüMDNąJáRVLOLZODWDFKV]HĞüG]LHVLą-
W\FKQHRXWRSLĞFLQD=DFKRG]LHDF]NROZLHNZ\QLNDMąFD]FKDRW\F]QHMKLHUDUFKLLZDUWRĞFL
NRQNUHW\]XMH MHV]F]H EDUG]LHM VZyM FHO L VHQV MHVW ZDORUHP VDP\P Z VRELH QDOHĪ\
NRFKDüGODVDPHJRNRFKDQLDLWRZV]\VWNREH]Z\ERUXOXG]LNRW\QLHERNZLDW\PX-
]\NĊ : SRUyZQDQLX ] W\PL ]DVDGDPL PLáRĞFL SRVWXODW NRPXQL]PX MHVW SU]HUDĪDMąFR
EH]RVRERZ\.RPXQL]PQDND]XMHZ\áąF]QLHPLáRĞüZLDU\LLGHRORJLLMHJRNDWHFKL]PQLF
QLHZVSRPLQDROXG]LDFK&RZDĪQHQLHX]QDMHRQDQL]DOXG]LDQLW\PPQLHM]DEOLĨQLFK
W\FKNWyU]\JRQLHZ\]QDMąNRPXQLVWDDNFHSWXMHW\ONRWDNLFKVDP\FKMDNRQ²LQQ\FK
QDOHĪ\]QLV]F]\ü
.RFKDü ZLQQR VLĊ SDUWLĊ SURGXNFMĊ SRU]ąGHN XVWDQRZLRQ\ SU]H] NRPXQLVWyZ
D WDNĪH SU]\ZyGFyZ ]PDUá\FK L XVDQNW\ILNRZDQ\FK : VWRVXQNX GR Ī\Z\FK XF]XFLD
PDMąE\üQRUPRZDQHSU]H]ELHĪąFąSROLW\NĊSDUWLL.RJRQDOHĪ\NRFKDüRW\PGHF\GXMH
SDUWLDWDNVDPRMDNRW\PNRJRQDOHĪ\QLHQDZLG]Lü5]HF]FKDUDNWHU\VW\F]QDDOHJG\
FKRG]LRQLHQDZLĞüMHMV\PERODPLVą]DZV]HOXG]LHDQLHLGHH1LHQDZLG]LüQDOHĪ\LP-
SHULDOLVWyZWURFNLVWyZVRFMDOGHPRNUDWyZV]SLHJyZNDSLWDOLVWyZOLEHUDáyZSU]HGPLR-
WHPQLHQDZLĞFLZLQLHQE\üSU]HGHZV]\VWNLPSDSLHĪDQLHNDWROLFNDDQW\±SRVWĊSRZRĞü
6WDOLQNWyU\LGHQW\ILNRZDáVLĊ]SDUWLąZ\PDJDáGODVLHELHPLáRĞFL,QVWUXNWRUV]NROQHM
RUJDQL]DFMLNRPXQLVW\F]QHMNWyU\GRPDJDáVLĊRGMHMF]áRQNyZDE\GRQRVLOLRF]\PUR-
G]LFHPyZLąZGRPXGRGDZDáÄ3U]HFLHĪNRFKDFLH6WDOLQDEDUG]LHMQLĪRMFDLPDWNĊ«´
L U]DGNR NLHG\ XVá\V]Dá ]DSU]HF]HQLH 6ĊG]LD ĞOHGF]\ Z HU]H VWDOLQRZVNLFK SURFHVyZ
FKFąFZ\PyFQDEDGDQ\PLWRUWXURZDQ\PGHQXQFMDFMĊXNRFKDQHMĪRQ\S\WDáÄ&yĪWR
NRFKDV]MąZLĊFHMQLĪ6WDOLQD"´LEDUG]RE\VLĊ]G]LZLáJG\E\XVá\V]DáRGSRZLHGĨWZLHU-
G]ąFą=DFKZLDáRE\WRMDNRĞMHJRĞZLDWRSRJOąGHPQDZHWJG\E\E\áF\QLF]Q\P]ELUHP
8F]XFLH Z NRPXQL]PLH MHVW VFKURQLHQLHP -HVW MHG\Qą ZDUWRĞFLą LVWQLHQLD NWyUHM
QLHRNUHĞODXZDUXQNRZDQLHLRWRF]HQLHNWyUHMJDWXQHNZ\QLNDZ\áąF]QLH]FHFKLQG\-
ZLGXDOQ\FKF]áRZLHND0LáRĞüPĊĪF]\]Q\LNRELHW\ZNRPXQL]PLHPRĪHE\üWDNSLĊNQD
LWDNREILWXMąFDZEU]\GNLHXGUĊNLMDNZV]ĊG]LHJG]LHLQG]LHM-HMSLĊNQRMHGQDNUHDOL]X-
MHVLĊZEUHZNRPXQL]PRZLF]\OLSRPLPRRJyOQHMV]DURĞFLQLHZ\JyGV]\NDQFRG]LHQ-
QRĞFL²F]DVDPLZUĊF]MHXSLĊNV]DMąFL]GRELąFZVSRPQLHQLHP1DWRPLDVWMHMEU]\GRW\
LXGUĊNLF]ĊVWRNURüVąUH]XOWDWHPNRPXQL]PXZ\QLNDMą]RJyOQHMQĊG]\QLHPRĪOLZRĞFL
]GRE\FLD OXG]NLFK ZDUXQNyZ E\WX JQLHĪGĪHQLD VLĊ Z MHGQRSRNRMRZ\FK PLHV]NDQLDFK
GODFDáHMURG]LQ\]XSHáQ\PEUDNXRGG]LHOQRĞFLLQW\PQRĞFLSU\ZDWQRĞFL²F]\OLWDNLFK
ZDUXQNyZ Z NWyU\FK PLáRĞü ZLĊGQLH L QLH PD SUDZD GR UR]ZRMX : WDNLP XNáDG]LH
XF]XFLDSRFKRGQHRGPLáRĞFLXOHJDMąG]LZQ\PSU]HREUDĪHQLRPLSU]\]QDüWU]HEDĪHQD
W\PSROXNRPXQL]PSRV]F]\FLüVLĊPRĪHRVREOLZ\PLRVLąJQLĊFLDPL=QDQDE\áDZ:DU-
DTP by SHADE 
V]DZLHVSUDZDSHZQHJRSLVDU]DNWyU\]GRE\áVáDZĊZ\VRNLHQDNáDG\VZRLFKNVLąĪHN
D QDZHW X]QDQLH VZ\FK ²NROHJyZ SLVDU]\ 1LH]DOHĪQLH RG W\FK ZVSDQLDáRĞFL L GDUyZ
Ī\FLD SLVDU] yZ PLDá PáRGą SHáQą ZG]LĊNX L UR]OLF]Q\FK WDOHQWyZ ĪRQĊ RUD] SLĊNQH
PLHV]NDQLH ] RGG]LHOQą V\SLDOQLą SU]HGPLRW ]D]GURĞFL ]QDMRP\FK L SU]\MDFLyá QDMGR-
ELWQLHMV]\ GRZyG MHJR SRZRG]HQLD L GRVNRQDá\FK VWRVXQNyZ ] ZáDG]DPL SDUW\MQ\PL
$ĪRQDPLDáDNRFKDQND.RFKDQHNPLDáWRZV]\VWNRF]HJREUDNRZDáRSLVDU]RZLDPLD-
QRZLFLHPáRGRĞüXURGĊLQLHSRĪ\WąVLáĊQLHSRVLDGDá]DĞMHJR]GROQRĞFL]DURENRZDQLD
DQL VWRVXQNyZ %\á RQ WDNĪH F]áRZLHNLHP PLá\P VSRNRMQ\P L Ī\F]OLZ\P GDOHNLP RG
FKĊFLURELHQLDMDNLHMNROZLHNSU]\NURĞFLSLVDU]RZL`VNáRQQ\PGRZV]HONLFKNRPSURPL-
VyZĪH]DĞSLVDU]RZLFKRG]LáREDUG]RRXNU\FLHRZHMVND]\QDREUD]LHV]F]ĊĞFLDSU]HWR
ZUD]]MHJRĪRQąDVZRMąNRFKDQNąXQLNDáZV]HONLFKRVWHQWDFMLLZWHQVSRVyEZV]\VF\
WURMHĪ\OLZ]JRG]LHLKDUPRQLLFLHV]ąFVLĊZáDVQąG\VNUHFMąDF]NROZLHNFDáD:DUV]DZD
QLHPLDáDĪDGQ\FKZąWSOLZRĞFLFRGRQDWXU\áąF]ąF\FKLFKVWRVXQNyZZ]DMHPQ\FKWDN
ĪHSRSHZQ\PF]DVLHZV]\VWNLP]QXG]LáRVLĊQDZHWSORWNRZDQLHQDLFKWHPDW1LHE\-
áRE\ZW\PQLFQDG]Z\F]DMQHJRĪ\FLHLOLWHUDWXUD]QDMąV\WXDFMHWDNLHRGF]DVyZSLVPD
NOLQRZHJR ZH ZF]HVQ\P6XPHU]HJG\E\QLH WRĪH SLVDU] QDUD]LáVLĊ MDNRĞ ZáDG]RP
NRPXQLVW\F]Q\PLWHZLPLĊXNDUDQLDNUQąEUQRĞFLX]QDá\ĪHSLVDU]]DMPXMH]E\WZLHO-
NąSU]HVWU]HĔPLHV]NDOQąLSRVWDQRZLá\GRNZDWHURZDüPXREFąRVREĊF]\OL]DEUDüPX
V\SLDOQLĊĩRQDSLVDU]DXGDáDVLĊSU]HWRGRXU]ĊGXNZDWHUXQNRZHJRJG]LHRĞZLDGF]\áD
ĪHZV\SLDOQLRZHMMXĪNWRĞPLHV]NDL]DĪąGDáDRILFMDOQHJRSU]\G]LDáXGODRZHJRÄORND-
WRUD´,RGWąGPLHV]NDOLZHWURMHZRZ\PPLHV]NDQLXJZDáFąFFRSUDZGDWUDG\F\MQH
SRMĊFLHKRQRUXL]D]GURĞFLOHF]FLHV]ąFVLĊRJyOQ\PX]QDQLHPLV]DFXQNLHPZ]DPLDQ
]DQLHXJLĊWąSRVWDZĊZZDOFH]NRPXQLVW\F]Q\PEH]SUDZLHP
.
&RWRMHVWXU]ąG
.
8U]ąGMHVWWRRZRPLHMVFHZSDĔVWZLHNRPXQLVW\F]Q\PZNWyU\PSHWHQWMHVWDE-
VROXWQLHSHZLHQĪHQLHRWU]\PDWHJRSRFRSU]\V]HGáLFRPXVLĊVáXV]QLHDOER]JRGQLH
]SUDZHPQDOHĪ\:LHONLHG]LHáR)UDQ]D.DINLLMHJRZNáDGWDNZOLWHUDWXUĊZVSyáF]HVQą
MDNZQDV]ąZLHG]ĊRĞZLHFLHLĪ\FLXMHVWRNRPXQLVW\F]Q\PXU]ĊG]LH:L]MRQHUVWZR
.DINLSRWZLHUG]DFRG]LHQQDSUDNW\NDĪ\FLDZNRPXQL]PLHQDNDĪG\PNURNX-HĞOLNWRĞ
F]HJRĞ QLH RWU]\PXMH RG XU]ĊGX ]DF]\QD V]XNDü Z VDP\P VRELH ZLQ\ OXE EáĊGX ²
QDZHWEĊGąFQLHZLQQ\PMDNQRZRURGHNLVNUXSXODWQ\PMDNPDV]\QDGROLF]HQLD²DO-
ERZLHPNRPXQLVW\F]Q\XU]ąGE\WXMHSR]DZLQąLEáĊGHP
6NDUJL QD ELXURNUDFMĊ NWyUH Vá\V]\ VLĊ Z ĞZLHFLH ]DFKRGQLP PDMą VZRMH OLF]QH
X]DVDGQLHQLDLRG]ZLHUFLHGODMąJáĊERNLH]DQLHSRNRMHQLHSRVWĊSXMąFąQDSU]yGUHJODPHQ-
WDFMąIXQNFMLDGPLQLVWUDF\MQ\FKLLFKGHSHUVRQDOL]DFMą6NDUJLWHMHGQDNSU]\SRPLQD-
Mą QLH]DGRZROHQLH ]H ]áHM SRJRG\ %LXURNUDFMD MHVW QLHXQLNQLRQą NRQVHNZHQFMą FLąJOH
SRVWĊSXMąFHJR QDSU]yG NRPSOLNXMąFHJR VLĊ Ī\FLD VSRáHF]QHJR L RUJDQL]DFML VSRáHF]-
Q\FK,PZLĊFHMQDVEĊG]LHQD]LHPLW\PZLĊFHMWU]HEDEĊG]LHXU]ĊGyZGRVRUWRZDQLD
L NODV\ILNRZDQLD ]DJDGQLHĔ Z\QLNDMąF\FK ] QDV]HM OLF]E\ .OXF]HP GR REáDVNDZLHQLD
SRWZRUDELXURNUDFMLL]PXV]HQLDJRGRVáXĪHQLDF]áRZLHNRZLMHVWZHZQĊWU]QDG\UHNW\-
ZDPRUDOQDZLPLĊNWyUHMELXURNUDFMDUR]ZLMDVLĊ$PHU\NDĔVNDELXURNUDFMDMDNGRWąG
RGSRZLDGDQDOLVW\F]\OLĪHUHDJXMHQDLPSXOV\]]HZQąWU]²LWRSU]HVąG]DRMHM]GUR-
ZLX PLPR SU]HURVWyZ GHKXPDQL]DFML L NRPSXWHU\]DFML -HM Z\ĪV]RĞü QDG ELXURNUDFMą
]DFKRGQLRHXURSHMVNąDZLĊFWDNĪHGHPRNUDW\F]QąLOLEHUDOQąSROHJDQDSRZV]HFKQ\P
SU]HNRQDQLXĪHMHMXU]ĊG\QLHVąZ\PLHU]RQHSU]HFLZOXG]LRP0LPRZV]HONLFKMHMEUD-
NyZLXFLąĪOLZRĞFLNWyU\FKMHVWRQDĨUyGáHPQLNWQLHVąG]LĪHFHOHPMHMLVWQLHQLDMHVW
V]NRG]HQLHRE\ZDWHORPSU]HFLZQLHOXG]LHFLąJOHZLHU]ą"ĪHX]DVDGQLHQLHPMHMLVWQLH-
QLD MHVW RJyOQ\ SRĪ\WHN SU]H]QDF]HQLHP ]DĞ MHM MHVW XáDWZLDü Ī\FLH PLPR ZV]HONLFK
JáXSVWZLQLHGRáĊVWZDMDNLHGHPRQVWUXMHQDNDĪG\PNURNX7DZLDUDXG]LHODVLĊVDPHM
ELXURNUDFMLLQDVWURMRPSDQXMąF\PZáRQLHMHMXU]ĊGyZFRáDJRG]LMHMVWRVXQHNGRRE\-
ZDWHODLSHWHQWD)UDQFX]F]\1LHPLHFQLHPDMXĪWHJRQLH]DFKZLDQHJRSU]HNRQDQLDĪH
DTP by SHADE 77
MHJRXU]ąGQLHLVWQLHMH]DVDGQLF]RSU]HFLZQLHPXZNUDMDFKW\FKWUZDWUDG\FMDDXWRQR-
PLLXU]ĊGXX]DVDGQLHQLHPMHJRLVWQLHQLDMHVWRQVDPZVRELHDEH]NRQLHF]QRĞFLVáX-
ĪHQLDOXG]LRPF]\XáDWZLDQLDLPĪ\GD=DFKRGQLRHXURSHMVNLXU]ąGMHVWLGHąWFHOHPMHJR
MHVWVáXĪEDLGHRPWDNLPMDNSRU]ąGHNRUJDQL]DFMDSUDZLGáRZ\SRG]LDáWHJRFRZLQQR
E\üG]LHORQHGR]yUQDGSUDZLGáRZ\PIXQNFMRQRZDQLHPWHJRFRSRZLQQRIXQNFMRQRZDü
-HVWWRMHGQDNFLąJOHSRVWDZDQLH]Z\NOHKXPDQLVW\F]QDZSRUyZQDQLX]HVWDQRZLVNLHP
XU]ĊGXZNUDMDFKNRPXQLVW\F]Q\FKL]SR]\FMąMDNą]DMPXMHRQZĞZLDGRPRĞFLPLHV]-
NDĔFyZW\FKNUDMyZ
: NRPXQL]PLH SDQXMH SRZV]HFKQH SU]HNRQDQLH ĪH ]DGDQLHP XU]ĊGX MHVW ĞOHSH
L EH]P\ĞOQH QLV]F]HQLH NDĪGHJR NWR ZHMG]LH ] QLP Z NRQWDNW Z ]DVLĊJ MHJR G]LDáD-
QLD)XQGDPHQWDOQHSU]\F]\Q\REFRZDQLD]XU]ĊGHPMDNSRWU]HEDNRQLHF]QRĞüORJLND
GDQHMVSUDZ\QLHPDMą XQDMPQLHMV]HJR]DVWRVRZDQLD:\REUDĨQLDOXGRZDV]XNDMąF
SRUyZQDĔGRUROLXU]ĊGXZĪ\FLXPDVVLĊJDQDMFKĊWQLHMGRSUDGDZQ\FKZNDĪG\PIRON-
ORU]HOHJHQGRQLHQDV\FRQ\PVPRNXGRPDJDMąF\PVLĊQLHXVWDQQ\FKRILDULNWyUHJRQLNW
QLHPyJá]DELü-HVWWRPHWDIRUDQLH]Z\NOHWUDIQDDOERZLHPáDWZRVLĊMHVWSU]HNRQDü
SU]\ EOLĪV]\P ZJOąG]LH ĪH ELXURNUDFMD NRPXQLVW\F]QD Ī\MH ] FLHUSLHĔ VZ\FK SHWHQ-
WyZLFKNU]\ZGDMHVWMHMNUZLRELHJLHPMHMQDSĊGHPG]LDáDQLDMHMUDFMąLVWQLHQLD3H-
WHQWVNU]\ZG]RQ\SLV]HRGZRáDQLHSURWHVWVNDUJĊGODNWyUHMUR]SDWU]HQLDSRWU]HEQLVą
QRZLXU]ĊGQLF\QRZHELXUDQRZHJPDFK\QRZDZáDG]DQDGORVHPSHWHQWD²LZWHQ
VSRVyEXU]ąG±)UDQNHQVWHLQF]\XU]ąG²ĞPLHUFLRQRĞQD]HSVXWDPDV]\QDUR]UDVWDVLĊ
MDNVWUDV]OLZ\JU]\E.DĪGDLGHD]URG]RQDQLH]EH]SRĞUHGQLHMSRWU]HE\OHF]V]WXF]QLH
Z\NRQF\SRZDQDZXU]ĊG]LHELXURNUDW\]XMHVLĊIDWDOQLH]DSRPLQDü]DĞQLHQDOHĪ\ĪH
VDPNRPXQL]PMHVWMHGQ\PZLHONLPXU]ĊGHPLQNXEDWRUHPLGHL]URG]RQ\FKSU]\ELXU-
NXDQLH]URG]RQ\FKSU]H]Ī\FLH1LHGDUPRDPRĪHV\PEROLF]QLHQDF]HOQ\RĞURGHN
L HJ]HNXW\ZD U]ąGyZ NRPXQLVW\F]Q\FK QD]\ZD VLĊ 3ROLW±ELXUHP :áDVQRĞü SU\ZDWQD
L NDSLWDOL]P SRZVWDá\ QD SRODFK ZDUV]WDWDFK Z VNOHSDFK L Z IDEU\NDFK .RPXQL]P
XMU]DáĞZLDWáRG]LHQQHQDSDSLHU]HQLFZLĊFG]LZQHJRĪHSUDZR3DUNLQVRQDSU]\ELHUD
Z NRPXQL]PLH FHFK\ ILOPRZHM NUHVNyZNL .DSLWDOL]P ]KXPDQL]RZDá VLĊ RG F]DVX JG\
RGNU\áĪHVDPRRJUDQLF]HQLHQLHQLV]F]\JROHF]XMDZQLDZQLPQLH]QDQHGRWąG]DOHW\
3RZVWDMHZWHQVSRVyE:HOIDUH6WDWHLQVW\UXFMHVNDĪRQDSU]H]QLHXFKURQQRĞüELXUR-
NUDW\]DFML DOH DQW\ELXURNUDW\F]QD LVWRWD NDSLWDOL]PX QLH ]DQLND QLH XOHJD OLNZLGDFML
NRPXQL]P ZLH GREU]H ĪH VDPRRJUDQLF]DQLH R]QDF]D GOD QLHJR XZLąG L ĞPLHUü VWąG
VND]DQ\MHVWW\ONRQDĞOHS\SĊGGRSU]RGXXQLFHVWZLDQLHZV]\VWNLHJRSRGURG]HLUR]-
UDVWDQLHVLĊELXURNUDFMLMDNUDNDZRUJDQL]PLH
.DQLEDOL]PNRPXQLVW\F]QHJRXU]ĊGXQDMáDWZLHMMHVWSU]HĞOHG]LüZRZHMG]LHG]LQLH
JG]LH F]áRZLHN G]LVLHMV]\ VWDMH VLĊ LVWRWą ]DV]HUHJRZDQą : GHPRNUDFML XU]ĊG\ SU]H-
]QDF]RQHGRZ\GDQLD]DĞZLDGF]HĔ²PHWU\NDXURG]HQLDSUDZRMD]G\SDV]SRUW]DJUD-
QLF]Q\²LVWQLHMą]JRGQLH]ORJLNąVZHJRE\WXZFHOXZ\GDZDQLDWDNLFKGRNXPHQWyZ
5R]OLF]QHSU]HV]NRG\LXFLąĪOLZRĞFLPRJąZQLFKWRZDU]\V]\üSHWHQWRZL]UDFMLVDPHM
ELXURNUDFML DOH QLNW QLH QHJXMH Z QLFK LFK ZáDĞFLZHJR SU]H]QDF]HQLD : NRPXQL]PLH
XU]ĊG\WHLVWQLHMąSRWRDE\WHPXNWR]DĞZLDGF]HQLDSRWU]HEXMHQLHZ\GDüJR3RU]ą-
GHNUR]XPRZDQLDRGZUDFDVLĊDXWRPDW\F]QLHVNRURF]áRZLHNF]HJRĞSRWU]HEXMHLWRFRĞ
QDOHĪ\PXVLĊ]JRGQLH]SUDZHPQDOHĪ\PXWHJRQLHGDü8]DVDGQLHQLDGODWHMSUDJPD-
W\NLVąOLF]QHZ\PLHĔP\W\ONRQDMZDĪQLHMV]H
 XQLFHVWZLHQLHJQLHFHQLHJQRMHQLHUHGXNRZDQLHRE\ZDWHOLGRVWDQXEH]ZROQHM
PLD]JLEXGXMHZĞZLDGRPRĞFLWDNLQG\ZLGXDOQHMMDNLVSRáHF]QHMVSHF\ILF]QąPLVW\NĊ
XU]ĊGXFRZáDG]HNRPXQLVW\F]QHSRSLHUDMąLXZDĪDMą]DZDUWRĞüG\GDNW\F]QąZ\FKR-
ZXMąFąF]áRZLHNDNRPXQL]PXZHZáDĞFLZ\VSRVyELZHZáDĞFLZ\PNLHUXQNXSR]RVWD-
ZLRQ\ ZREHF WDMHPQLF]HM QLHSRNRQDOQRĞFL XU]ĊGX F]áRZLHN XĞZLDGDPLD VRELH ZáDVQą
QLFRĞüLMXĪVLĊQLHEXQWXMH²DRWRW\ONRFKRG]L
 ZUD]]Z\VWąSLHQLHPF]áRZLHNDRFRĞLQLHGDQLHPPXWHJRPLPRĪH]JRGQLH
]SUDZRU]ąGQRĞFLąSRZLQLHQWRRWU]\PDü]DF]\QDVLĊWDN]ZDQDMHJRVSUDZD]DNáDGD
VLĊMHJRWHF]NĊZSá\ZDMąGRWHF]NLSDSLHU\LSLVPD]DĞZLDGF]HQLDSRWZLHUG]HQLDGR-
DTP by SHADE 
NXPHQW\²XU]ąG]DF]\QDĪ\üIDNWHPLVWQLHQLDF]áRZLHNDLMHJRVSUDZ\SRGDWHNZNR-
PXQL]PLHQLH´PDQDFHOXJURPDG]HQLDSLHQLĊG]\ERSLHQLąG]QLHPDĪDGQHMZDUWRĞFL
L U]ąG PRĪH JR VRELH Z\GUXNRZDü W\OH LOH ]HFKFH QLH NRQWURORZDQ\ DQL U\QNLHP DQL
SUDZDPLHNRQRPLLDOHWHQVDPSRGDWHNQLH]DSáDFRQ\MHVWVSUDZąSU]HFLZF]áRZLHNR-
ZLSUDZG]LZ\P]DĞLGHDáHPNRPXQL]PXMHVWPLHüVSUDZĊSU]HFLZNDĪGHPX]HVZ\FK
SRGGDQ\FKERZWHQVSRVyEPDLFKEH]UHV]W\ZVZHMZáDG]\QLH]DSáDFRQ\UDFKXQHN
]DHOHNWU\F]QRĞüQLHMHVWSRSURVWXQLH]DSáDFRQ\PUDFKXQNLHPOHF]HOHPHQWHPHZHQ-
WXDOQHJRSURFHVXVąGRZHJRZNWyU\PSURNXUDWRUGRZRG]ąFQLNF]HPQRĞFLSROLW\F]QHM
RVNDUĪRQHJR]DZV]HPRĪHSRZRáDüVLĊQDMHJREUXGQHPDFKLQDFMHZREUDERZ\ZDQLX
SDĔVWZDVWDQRZLąFHJRZáDVQRĞüURERWQLNyZLFKáRSyZ
 ZUHV]FLH²ODVWEXWQROHDVW²RGPRZDWHJRFRVLĊF]áRZLHNRZLXU]ĊGRZRQDOH-
Ī\URG]LZQLPF]ĊVWRFKĊüNXSLHQLDWHJRF]HJRGRVWDüQLHPRĪQD]DGDUPRL]JRGQLH
]SUDZHPXU]ĊGQLF\]DĞWHĪPXV]ą]F]HJRĞĪ\üVSUDZLDWRĪHNRUXSFMDáDSRZQLFWZR
L SU]HNXSVWZR Z NRPXQL]PLH RVLąJQĊáR UR]PLDU\ ZREHF NWyU\FK UHSXEOLNL SRáXGQLR-
ZRDPHU\NDĔVNLHZ\GDMąVLĊRD]DPLSXU\WDQL]PXLNU\V]WDáRZHMF]\VWRĞFLRE\F]DMyZ
ZáDG]HNRPXQLVW\F]QHSDWU]ąQDWRSU]H]SDOFHJG\ĪZVZ\PQLHXVWDMąF\P]PDJDQLX
]F]áRZLHNLHPLF]áRZLHF]HĔVWZHPZROąPLHüXU]ąGLMHJRJURĨQąSRWĊJĊSRVZRMHMVWUR-
QLHLFKEáąGSROHJDQDW\PĪHSU]HNXSQRĞüMHVWZNRĔFXMDNąĞPDQLIHVWDFMąF]áRZLH-
F]HĔVWZDDOHQDWRMXĪQLHPDUDG\LMDN]DZV]H]HZV]\VWNLPFROXG]NLHWDNLZW\P
Z\SDGNX]QDMGXMHP\VLĊZEáĊGQ\PNROH
&]\OLĪHZUDPDFKXU]ĊGXSRWZRUDDSRNDOLSW\F]QHJRRVWDWQLąQDG]LHMąF]áRZLHND
VąVWRVXQNL]GUXJLPF]áRZLHNLHP/LWRĞüLVáDERĞüVQREL]PLFKĊü]\VNXSU]\FKRG]ą
F]áRZLHNRZL]SRPRFą%H]EURQQ\ZREHFĞOHSHMĪąG]\XMDU]PLDQLDLXSRNDU]DQLDJR²
D ZREHF SRQLĪHĔ MDNLH VWRVXMH XU]ąG NRPXQLVW\F]Q\ ]DZRG]ą ZV]HONLH SRMĊFLD SUDZD
LEH]SUDZLD]DVDGLVDPRZROL²MHG\QąREURQąF]áRZLHNDVąSXáDSNLF]áRZLHF]HĔVWZD
'\JQLWDU]]DĞZáDGFDXU]ĊGXZREHFNWyUHJRRERZLą]XMHSRFKOHEF]HNáDPVWZRLSRNRU-
QH SU]\WDNQLĊFLH QD ZV]\VWNR D QLHPRĪOLZD MHVW REURQD WZLHUG]HĔ NRSHU²QLNDĔVNLFK
MHĞOLRQWHJRGQLDXZDĪDĪHVáRĔFHREUDFDVLĊZRNyá]LHPLMHVWF]ĊVWRWDNQLNF]HPQ\
ĪHPRĪQDJRQD]ZDüF]áRZLHNLHP
.
-DNE\üSOD\ER\HP
.
:VZRLPF]DVLHNUąĪ\áDSR:DUV]DZLHQDVWĊSXMąFDRSRZLHĞüQDSROLWHFKQLFHZDU-
V]DZVNLHMSU]HSURZDG]DQHE\á\GRĞZLDGF]HQLDWHFKQRORJLF]QHZ\PDJDMąFHGXĪHJR]D-
SDVXEDUG]RFLHQNLHMJXP\/LF]QHVWDUDQLDDE\NRQLHF]Q\PDWHULDáX]\VNDü]QLH]JáĊ-
ELRQ\FKRGPĊWyZNRPXQLVW\F]QHJRSU]HP\VáXVSHá]á\QDQLF]\PLMHGHQ]SURIHVRUyZ
ZSDGáQDSRP\VáDĪHE\SRSURVWX]DNXSLüGRVWDWHF]QąLORĞüSUH]HUZDW\Z]LPSRUWX
.WyUHZáDĞQLH]QDMGRZDá\VLĊZSDĔVWZRZ\FKDSWHNDFK-HJRDV\VWHQWXGDáVLĊSU]HWR
GRQDMZLĊNV]HMZPLHĞFLHDSWHNLL]DĪąGDáSUH]HUZDW\Z6SU]HGDZFDVS\WDáLOHLFKVRELH
Ī\F]\$V\VWHQWU]HNáĪHW\OHLOHW\ONRPRĪQDQDE\ü/HNNR]G]LZLRQ\VSU]HGDZFDSU]\-
QLyVáSDNĊOLF]ąFąNLONDW\VLĊF\V]WXNDV\VWHQW]DSáDFLáL]DĪąGDáUDFKXQNX6SU]HGDZFD
]DS\WDáQDNRJRPDE\üUDFKXQHNZ\VWDZLRQ\DV\VWHQWRGSDUáĪHQD3ROLWHFKQLNĊ:DU-
V]DZVNąÄ2DKD«²U]HNáVSU]HGDZFD]JáĊERNLP]UR]XPLHQLHP²=QDF]\VLĊMHVW
ZLHONLEDOQDSROLWHFKQLFHZQDGFKRG]ąFąVRERWĊ"´
:QLRVHNVSU]HGDZF\R]QDF]DáE\SU]HWRĪH]GDMHRQVRELH6SUDZĊ]RWFKáDQLUR]-
SXVW\ZMDNLHMĪ\MHVSRáHF]HĔVWZR=DFKRG]LZLĊFS\WDQLHF]\UR]ZLą]áRĞüSáFLRZDMHVW
LVWRWQąFHFKąVSRáHF]HĔVWZNRPXQLVW\F]Q\FK"$WDNĪHF]\UyĪQLVLĊRQD]DVDGQLF]RRG
ZROQRĞFLRE\F]DMyZSDQXMąFHMDNWXDOQLHFD=DFKRG]LH"
2GSRZLHGĨ QD S\WDQLD WH QLH MHVW SURVWD :\GDMH VLĊ ĪH UR]OXĨQLHQLH RE\F]DMyZ
QD]\ZDQHSU]H]MHJRLGHRORJyZZ\]ZDODQLHPVLĊF]áRZLHNDĪZLĊ]yZIDáV]\ZHMPRUDO-
QRĞFLEąGĨNRQZHQDQVXLQLHZąWSOLZLHVWDQRZLąFHZ\QLNSRVWĊSXMąFHJRQDSU]yGUyZ-
QRXSUDZQLHQLDSáFLVWDQRZL]MDZLVNRRJyOQRĞZLDWRZHQDPLDUĊHSRNL:\GDMHVLĊMHG-
QDNUyZQLHĪĪHQDVHNVXDOL]RZDQLHRE\F]DMyZZREXF\ZLOL]DFMDFKWDN]DFKRGQLHMMDN
DTP by SHADE 79
LNRPXQLVW\F]QHMPDZNDĪGHM]QLFKUyĪQHPRW\ZDFMHLFHFK\FKDUDNWHU\VW\F]QH1D
=DFKRG]LHZLąĪHVLĊĞFLĞOH]JáĊERNąUHZROXFMąSRMĊüMHVWSRFKRGQąZVWU]ąVyZLSU]H-
PLDQPRUDOQR²VSRáHF]Q\FKZ\QLND]UDG\NDOQ\FKZ\REUDĪHĔRORVLHMHGQRVWNLOXG]NLHM
ZG]LVLHMV]\PĞZLHFLH-DN]DZV]HZUR]ZLą]DQLDFKSROHJDMąF\FKQDXPDVRZLHQLX]D-
JDGQLHQLDRILDUąSDGDMąMDNLHĞZDUWRĞFLLQLHXOHJDZąWSOLZRĞFLĪHQDF]HOQąFHFKąXSR-
ZV]HFKQLHQLDĪ\FLDVHNVXDOQHJRQD=DFKRG]LHMHVWMHJRGHZDOXDFMDUR]SDGMHJRXĞZLĊ-
FRQ\FKSU]H]ZLHNLLSU]H]RJUDQLF]HQLDZDORUyZMHJRXSRZV]HGQLHQLHLWDQLRĞü-HVW
FRĞSDUDGRNVDOQHJRZIDNFLHĪHZáDĞQLHNDSLWDOLVW\F]Q\=DFKyG]DVWRVRZDáGRSUREOH-
PDW\NLSáFLRZHMNU\WHULXPPRUDOQR²VSRáHF]QHSRGF]DVJG\NRPXQL]PĞZLDWRSRJOąG
]EXGRZDQ\QDXZDUXQNRZDQLDFKVSRáHF]Q\FKSU]HĪ\ZDLQIODFMĊVHNVXDOQąZRSDUFLX
RSU]HVáDQNĊKHGRQLVW\F]Qą1D=DFKRG]LH]DOHZRZLVHNVXDOL]PXWRZDU]\V]\UDFMRQDOL-
]DFMDQLHNRĔF]ąFDVLĊGLDOHNW\NDQXGQDZHG\VNXVMHQDWHPDWRWZDUWRĞFLV]F]HURĞFL
SV\FKRDQDOL]\ QHR±QLHZLQQRĞFL GRĞü WHRUHW\F]QLH Z\NRQF\SRZDQHM : NRPXQL]PLH
VHNV MHVW XFLHF]Ną MHG\Q\P GRVWĊSQ\P VNUDZNLHP HSLNXUHL]PX MHG\Qą SUDZG]LZą
D ]DUD]HP RJyOQLH GRVWĊSQą XURGą Ī\FLD DXWHQW\F]Q\P ZG]LĊNLHP LVWQLHQLD QLHNáD-
PDQąZDUWRĞFLą-HVWMHG\QąUyZQRU]ĊGQRĞFLą]=DFKRGHPZUHV]FLHDOERZLHPXURGD
G]LHZF]ąWLWDOHQWHURW\F]Q\VąWRHOHPHQW\QLHSRGOHJDMąFHNRPXQLVW\F]QHMUHJODPHQ-
WDFMLLNRPXQLVW\F]QHPXSDUWDFWZXZJRVSRGDUFH2LOHZV]\VWNRMHVWZNRPXQL]PLH
WDNEDUG]RWDNGUDPDW\F]QLHJRUV]HQLĪZNDSLWDOL]PLHWRWDMHGQDVWURQDĪ\FLDLZáD-
ĞFLZRĞüXĪ\ZDQLDĪ\FLDZ\P\NDVLĊRJyOQHMVWDJQDFMLV]DURĞFLLNOĊVFH
1LH QDOHĪ\ MHGQDN RZHM V]DURĞFL L JRUV]RĞFL QLH GRFHQLDü *RUV]H P\GáR JRUV]H
NRVPHW\NLJRUV]DELHOL]QDGDMąZVXPLHDWPRVIHUĊZNWyUHMZV]\VWNRQDZHWPLáRVQH
XQLHVLHQLHVWDMHVLĊQLHFKOXMQHLZ\WDUWH1LHOXG]NLHSU]HPĊF]HQLHSUDFąGODPLQLPXP
XWU]\PDQLD XVXZD ] F]áRZLHND ZV]\VWNLH´ FKĊFL SR]D FKĊFLą Z\SRF]\QNX 1ĊG]D OXE
SyáQĊG]DF]\OLVWDQFKURQLF]QHMZHJHWDFMLZNWyUHMSRGNRQLHFPLHVLąFDSU]HGRWU]\-
PDQLHPSHQVMLQLHPDMXĪ]F]HJRĪ\üVSU]\MDSURVW\WXFMLLSyáSURVW\WXFML3URVW\WXFMD
MHVWRILFMDOQLH]DND]DQDDOHPLDVWDNRPXQLVW\F]QHOHSLHMVą]DRSDWU]RQHZWHQDUW\NXá
QLĪZLHOHVá\QQ\FK]HVZ\FKWUDG\FMLZWHMG]LHG]LQLHPHWURSROLL=DZRGRZDSURVW\WXFMD
PLPR ĪH QLHOHJDOQD ZLGRF]QD MHVW QD NDĪG\P NURNX MHM REOLF]H F]\VWR IL]\F]QH MHVW
SU]HUDĪDMąFH ZLHN Z\JOąG L RJyOQ\ VWDQ NRPXQLVW\F]Q\FK FyU .RU\QWX EXG]L SU]HUD-
ĪHQLH Z WU]HĨZ\FK RE\ZDWHODFK L WU]HED VWDQX QLH]Z\NáHJR ]DĞOHSLHQLD ]P\VáyZ E\
NRU]\VWDü ] LFK XVáXJ 1LH MHVW WR MHGQDN ZFDOH µNRQLHF]QH DOERZLHP NRPXQLVW\F]QH
PLDVWDSHáQHVąG]LHZF]ąWUHSUH]HQWXMąF\FKVSHF\ILF]QąPLHV]DQNĊRE\F]DMRZR²PR-
UDOQąZNWyUHMNRPXQLVW\F]QDUHWRU\NDRHPDQF\SDFMLIDNW\F]QDQLH]DOHĪQRĞü]DZRGR-
ZDZV]HFKSU]HQLNDMąFDDXUDSU]\]ZROHQLDLGUĊF]ąFDFKĊüXFLHF]NL]MHGQRSRNRMRZHJR
PLHV]NDQLDG]LHORQHJRQDMF]ĊĞFLHM]OLF]QąURG]LQą²VNáDGDMąVLĊQDáDWZRĞüSU]\VWĊS-
QRĞüRND]MĊ.DĪG\FXG]R]LHPLHF]=DFKRGXZLHMDNQLHZLHOH]DNFHVRULyZW]ZGREUH-
JRĪ\FLDQDOHĪ\]DLQZHVWRZDüZSU]HORWQąáDWZRQDZLą]DQą]QDMRPRĞüE\RWU]\PDü
FRĞFRZNDSLWDOL]PLHNRV]WRZDáRE\UHVSHNW\ZQLHRZLHOHZLĊFHM
6FKHPDWRE\F]DMRZR±PRUDOQ\MDNĪHZ\HNVSORDWRZDQ\SU]H]G]LHZLĊWQDVWRZLHF]-
Q\UHDOL]PLQDWXUDOL]PZOLWHUDWXU]HZNWyU\PQLNF]HPQ\NDSLWDOLVWDSRVLDGDF]]LHP-
VNL EXUĪXM L NRáWXQ REOHĞQ\ L JUXE\ XZRG]L L ]QLHSUDZLD PáRGą ĞOLF]Qą G]LHZF]\QĊ
G]LHFNR OXGX E\QDMPQLHM QLH ]QLNá ] REUD]X Ī\FLD W\FK NUDMyZ .DSLWDOLVWĊ L EXUĪXMD
]DVWąSLáG\UHNWRUIDEU\NLQDF]HOQLNELXUDVHNUHWDU]SDUW\MQ\']LHFNROXGXSR]RVWDáR
DQDZHWXOHJáR]QDF]QHPXSRPQRĪHQLXVWDW\VW\F]QHPXQDGXĪ\WąVáXĪąFąJXZHUQDQW-
NĊF]\XERJąNUHZQą]OX]RZDáZIXQNFMDFKFDá\ĪHĔVNLSHUVRQHOIDEU\NLOXEELXUD1LH
GDUPR Z NUDMDFK NRPXQLVW\F]Q\FK NUąĪ\ SRZLHG]HQLH ĪH VWRVXQHN SáFLRZ\ MHVW QDM-
SLHUZRWQLHMV]ą IRUPą XFLVNX F]áRZLHND SU]H] F]áRZLHND 6WDWXV VHNVXDOQR²VSRáHF]Q\
VHNUHWDUNL G\UHNWRUD QLH UyĪQL VLĊ QLF]\P RG MHM VWDWXVX Z NDSLWDOL]PLH 2F]\ZLĞFLH
MDNZV]ĊG]LHJG]LHLQG]LHMWDNLZNRPXQL]PLH]QDQDMHVWVWUDW\ILNDFMD]DZRGRZDVą
]DZRG\ WUDG\F\MQLH EDUG]LHM QDVHNVXDOL]RZDQH L EĊGąFH QDWXUDOQ\P WHU\WRULXP PĊĪ-
F]\]Q\±SOD\ER\DLNRELHW\FLHNDZHMZV]\VWNLFKVWURQĪ\FLD7HDWUILOPX]GURZLVNDZ\-
SRF]\QNRZR±ZDNDF\MQHVą]QDWXU\U]HF]\ĞURGRZLVNDPLLRWRF]HQLDPLREDUZQLHMV]\P
DTP by SHADE 80
FKDUDNWHU]HLáDWZLHMMHVWE\üSOD\ER\HPEĊGąFQSDNWRUHPQLĪJyUQLNLHP
2ILFMDOQ\ VWRVXQHN NRPXQL]PX GR ]DEDZ\ XĪ\FLD DONRKROX MHVW FK\WU\ RVWURĪQ\
LDPELZDOHQWQ\1DMEDUG]LHMHNVSRQRZDQHVąKLHUDUFKLHFQyWNWyUHZ]EXG]Lá\E\X]QD-
QLHQDZHWZQDMSRSUDZQLHMV]\PPLHV]F]DĔVNLPSR]\W\ZLĞFLHXELHJáHJRVWXOHFLD6HNV
ZGHNDORJXNRPXQLVW\F]Q\FKZDUWRĞFLMHVWVSUDZąURG]LQ\LUHSURGXNFMLMHVWPDQLIH-
VWDFMąJáĊERNLFKXF]Xü7UDNWRZDQ\LQDF]HMVWDMHVLĊĨUyGáHPQLHSU]\]ZRLWRĞFLLQLVNLFK
LQVW\QNWyZRGU\ZDF]áRZLHNDLRE\ZDWHODRGMHJRFHOyZVSRáHF]Q\FKRGSUDF\GODSDĔ-
VWZDLNROHNW\ZX&DáDOLEHUW\ĔVNDOLWHUDWXUDUHZROXFMRQLVWyZLVRFMDOLVWyZ]SU]HáRPX
ZLHNXMDNĪH]DVáXĪRQDZSU]\JRWRZDQLXSU]HZURWXLZZDOFHRZáDG]Ċ]RVWDáDZ\U]X-
FRQDQDĞPLHFLHSR]GRE\FLXZáDG]\3UDZG]LZLLZROQLPĊĪF]\ĨQLLSUDZG]LZHLZROQH
NRELHW\ URV\MVNLHM OLWHUDWXU\ SUROHWDULDFNLHM ] RNUHVX UHZROXFML SU]HREUD]LOL VLĊ Z SDU-
W\MQ\FKNDWHFKHWyZLSDUW\MQHJRVSRG\QLHGRPRZH$OHRGF]DVXGRF]DVXZPRPHQ-
WDFK]DáDPDĔLNU\]\VyZZáDG]HSDUW\MQHUR]OXĨQLDMąXFKZ\WL]WU\EXQDNDGHPLLF]\
PLW\QJyZJáRV]ąSRĪ\WHNZ\SLFLDNLHOLV]NDLJRG]LZHMUR]U\ZNL1D]\ZDVLĊWRNXUVHP
QDF]áRZLHNDOXEKXPDQL]RZDQLHPU]HF]\ZLVWRĞFL*áRVOXGXPDMHGQDNLQQHRNUHĞOH-
QLHGODWHJRURG]DMXZVND]yZHNLGHRORJLF]Q\FKPyZLVLĊĪHRLOHQLHJG\ĞV\QRQLPHP
XĪ\FLDE\áDNRELHWDZLQRLĞSLHZRW\OHWHUD]]JRGQLH]]DOHFHQLHPWHJRF]\LQQHJR
SU]\ZyGF\SDUWLLZZROQ\FKFKZLODFK´NDĪGHJRRERZLą]XMHZyGNDGXSDLKDUPRQLD
7U\ZLDOQRĞüWHJRLGHRORJLF]QHJRQDND]XPDQLIHVWXMHVLĊQDMOHSLHMZSLMDFNLHMF]NDZFH
LZSRZLHG]HQLXÄNDĪG\MHVWSU]HFLHĪF]áRZLHNLHP´SURNODPRZDQ\P]WU\EXQSROLW\F]-
Q\FKLEĊGąF\PGLDOHNW\F]QLHNDQRQL]RZDQ\PXVSUDZLHGOLZLHQLHPF]NDZNL7RQLH]Z\-
NOHRGNU\ZF]HVSRVWU]HĪHQLHMHVWRILFMDOQąIRUPXáąSDUW\MQHJRHSLNXUHL]PX
'UREQRPLHV]F]DĔVNL SXU\WDQL]P L ELJRWHULD NRPXQLVW\F]QD ]QDOD]áD VZHJR QDM-
SRWĊĪQLHMV]HJR VRMXV]QLND Z ELHG]LH L OLFKRĞFL E\WX 'Dá\ Z NRĔFX V\WXDFMĊ Z NWyUHM
SRGDĪIL]\F]QHMPLáRĞFLMHVWMHG\QąQDGSURGXNFMąNRPXQL]PXLSDGDRILDUąNDU\JRGQHJR
PDUQRWUDZVWZD 3\WDQLHP QXPHU MHGHQ NDĪGHJR ]DLQWHUHVRZDQHJR XSUDZLDQLHP PL-
áRĞFLZNRPXQL]PLHMHVWJG]LH"0HOGXMąFVLĊZKRWHODFKNRPXQLVW\F]Q\FKNDĪG\MHVW
]RERZLą]DQ\ GR SU]HGVWDZLHQLD GRZRGX RVRELVWHJR :´ OLF]Q\FK Z\SDGNDFK UHFHSFMH
KRWHORZHĪąGDMąSU]HGVWDZLHQLDĞZLDGHFWZDĞOXEX]DQLP]DPHOGXMąSDUĊNWyUDZ\GDMH
LPVLĊQLHWDNDMDNWU]HED+RWHOH5RVML6RZLHFNLHMSRVXZDMąVZąJRUOLZRĞüLQZLJLODFML
DĪGRQDG]RUFyZNWyU]\UH]\GXMąQDNDĪG\PSLĊWU]H2F]\ZLĞFLHWDVLDWNDRFKURQQD
SU]HGJU]HFKHPPDVZRMHOXNLSR]\FMDZSá\Z\LSLHQLąG]HVą=DZV]HZVWDQLHMąXHOD-
VW\F]QLü'ODOXG]LGEDá\FKRVZąRSLQLĊFRUyZQDVLĊZNRPXQL]PLHGEDáRĞFLRNDULHUĊ
VWDQRZLMHGQDNSU]HV]NRGĊĞOLVNąNWyUąQDOHĪ\RPLMDüDQLHIRUVRZDü-DN"7RSURVWH
WU]HED]QDüNRJRĞNWRPDPLHV]NDQLHF]DVDPLSXVWH
7DVWURQDĪ\FLDZNRPXQL]PLHFLąJOHMHV]F]HF]HNDQDVZRMHJR)ODXEHUWDL'RVWR-
MHZVNLHJRDWDNĪHQDVZHJR0DXSDVVDQWDLVZRMHJR)H\GHDX-HMPHFKDQL]PLNRP-
SOLNDFMHVąZVWDQLHZ\SHáQLüĪ\FLHEH]UHV]W\3XVWHPLHV]NDQLHZNRPXQL]PLHQDOHĪ\
QDMF]ĊĞFLHMGRRVRE\VDPRWQHMLMHVWW\ONRZWHG\SXVWHJG\MHJRJRVSRGDU]DQLHPD
ZGRPX&]\OLNLHG\MHVWZSUDF\2]QDF]DWRWDNLHRUJDQL]RZDQLHĪ\FLDVHNVXDOQHJR
ĪHMHJRXSRMHQLDGRNRQ\ZDüVLĊPXV]ąZF]DVLHJG\UHV]WDNUDMXWĊWQLJRUąF]NRZ\P
SURFHVHPSURGXNFML0LVWHUQD]áRĪRQRĞüLFXGDV\QFKURQL]DFMLW\FKNRQLHF]QRĞFLVąQLH
GRSU]HND]DQLDZW\PVWXGLXP-DNVLĊWRURELĪHQDMSLHUZELHU]HVLĊNOXF]RGZ\SRĪ\-
F]DMąFHJRZMHJRELXU]HWDNĪHE\QLHZ]EXG]LüQLF]\LFKSRGHMU]HĔZFLDVQ\PZ\SHá-
QLRQ\PELXUNDPLSRNRMXQDVWĊSQLHMHG]LHVLĊSRG]LHZF]\QĊNWyUDPXVLDNXUDWQDWĊ
JRG]LQĊX]\VNDü]ZROQLHQLH]SUDF\QDVWĊSQLH]DZR]LVLĊMąWDPJG]LHVHUFHFLąJQLHLFK
RERMHSRF]\PSRZWDU]DVLĊZV]\VWNRRGSRF]ąWNXZFHOX]ZURWXNOXF]D²QDZ\MD-
ĞQLHQLHWDNLFK]DJDGHNE\WXWU]HEDZLHONLHMOLWHUDWXU\=D]QDF]\üWU]HEDĪHNRPXQLND-
FMDZW\FKNUDMDFKSU]\SRPLQDVZąV]\ENRĞFLąLVSUDZQRĞFLąWUDPZDMHNRQQH]SRF]ąW-
NyZZLHNXZ1RZ\P-RUNXLFDá\WHQF\NORLOHQLHPDVLĊZáDVQHJRVDPRFKRGXMHVW
WRUWXUą$RLOHPDVLĊZáDVQ\VDPRFKyGSUREOHPUR]ZLą]XMHVLĊQLHPDOVDPRF]\QQLH
MDNRĪHNRPXQLVW\F]QHPHWURSROLHPDMąVXEXUELĊZVWDQLHHPEULRQDOQ\PLNRĔF]ąVLĊ
Z SHZQ\P PLHMVFX Z VSRVyE MDVQ\ L ]GHF\GRZDQ\ 3U]HG VSUDJQLRQ\PL VDPRWQRĞFL
DTP by SHADE 81
FLąJQąVLĊZLĊFSRODLODV\REGDU]RQHOLF]Q\PL]DOHWDPLLMHGQąZDGąĪHXĪ\ZDQHE\ü
PRJąW\ONRSU]\VSU]\MDMąFHMSRJRG]LH:Z\SDGNX]DĞ]áHMSRJRG\QDZHWQDMFLDĞQLHM-
V]\VDPRFKyGZ\GDMHVLĊPLHMVFHPVWRNURüSU]HVWURQQLHMV]\PQLĪZáDVQ\GRPSHáHQ
ZáDVQHMĪRQ\LZáDVQ\FKG]LHFL
3RZLNáDQLD ORVX EĊGąFH HIHNWHP RGVWĊSRZDQLD PLHV]NDĔ ]DLPSRQRZDá\E\ QDZHW
6RIRNOHVRZL : MHGQHM ]H VWROLF ZVFKRGQLRHXURSHMVNLFK ]GDU]\áD VLĊ G]LZQD KLVWRULD
SHáQDQLHRF]HNLZDQ\FKUHNRPSHQVDWLHNVSLDFML3ROLFMDSROLW\F]QDZW\PPLHĞFLHNRU]\-
VWDáD] XVáXJVSHFMDOLVW\RG HOHNWURQRZ\FKDSDUDWyZ SRGVáXFKRZ\FKNWyU\RG]QDF]Dá
VLĊZ\VRNąSUyEąLGHRZąLIDQDW\F]Q\PRGGDQLHPSDUWLL.LHG\ĞRWU]\PDáRQ]OHFHQLH
]DLQVWDORZDQLDSRGVáXFKXZPLHV]NDQLXF]áRZLHNDNWyU\RFDOLáPXĪ\FLHSRGF]DVZRMQ\
.UyWNLNRQIOLNWVXPLHQLDUR]VWU]\JQLĊW\]RVWDáSU]H]VSHFMDOLVWĊQDU]HF]QLH]DFKZLDQHM
ZLHUQRĞFLNRPXQL]PRZLL]DGDQLH]RVWDáRZ\NRQDQH3RGVáXFKLZDQ\E\áVSRNRMQ\PND-
ZDOHUHPLRGF]DVXGRF]DVXZ\SRĪ\F]DáVZRMHPLHV]NDQLHSU]\MDFLHORZLNWyU\VSyá-
NRZDáZQLP]ĪRQąVSHFMDOLVW\7DĞPDNWyUDGRVWDáDVLĊZUĊFHHNVSHUWDSHáQDE\áD
LFKPLáRVQ\FKGLDORJyZLZHVWFKQLHĔ5]HF]MDVQDXOHJáD]QLV]F]HQLXNWyUHJRWRF]\QX
VSHFMDOLVWDQLHSRWUDILáZ\WáXPDF]\üVZ\PSU]HáRĪRQ\P=RVWDáZLĊFRVNDUĪRQ\RZVSyO-
QLFWZR ] SRGVáXFKLZDQ\P NWyUHPX ]DU]XFRQR MDNLHĞ JáĊERNLH DQW\SDWLH Z VWRVXQNX
GRNRPXQLVW\F]QHJRV\VWHPXLU]ąGX.RĔFDVSUDZ\QLH]QDPOHF]JG\E\Z]LąáVLĊGR
QLHM(XU\SLGHVZ\GDMHPLVLĊĪHMHV]F]HZW\VLąFODWSyĨQLHMG]LHFLXF]\á\E\VLĊRQLH
ZV]NRáDFK
.
Policja czyli sumienie
.
3UDZR PLDáR ]DZV]H GZD REOLF]D MHGQR FKURQLąFH GDQ\ SRU]ąGHN U]HF]\ GUXJLH
FKURQLąFHF]áRZLHNDSU]HG]áHPJZDáWHPSU]HVWĊSVWZHP3ROLFMD]RVWDáDXVWDQRZLRQD
GOD RFKURQ\ SUDZD ÏG SRF]ąWNX VZHJR LVWQLHQLD E\áD LQVW\WXFMD GZX]QDF]Qą L QLJG\
QLH E\áR GREU]H ZLDGRPR F]HJR EURQL JRUOLZLHM SRU]ąGNX F]\ F]áRZLHND .RPXQL]P
UR]VWU]\JQąáUD]QD]DZV]HWHQG\OHPDW:NRPXQL]PLHF]áRZLHNQLFSROLFMLQLHREFKR-
G]LSRSURVWXGODQLHMQLHLVWQLHMH-HMMHG\Q\P]DGDQLHPMHVWRFKURQDSRU]ąGNXF]\OL
V\VWHPXZáDG]\:WHQVSRVyELQVW\WXFMDSU]H]QDF]RQDGRSLOQRZDQLDOXG]LSU]HG]áHP
SU]HREUD]LáDVLĊZLQVW\WXFMĊSLOQXMąFą]áDSU]HGOXGĨPL2EURĔFD]PLHQLáVLĊZQDG]RU-
FĊ
.RPXQL]P QD]\ZDQ\ MHVW XVWURMHP SROLF\MQ\P D SDĔVWZR NRPXQLVW\F]QH SDĔ-
VWZHPSROLF\MQ\P6ąWRWHUPLQ\PDáRSUHF\]\MQHZVHQVLHRJyOQRVSRáHF]Q\PP\OąFH
]DVDGĊWRWDOL]PX SROLW\F]QR±VSRáHF]QHJR ] ]DVDGąSROLF\MQRĞFL %OLĪV]\P SUDZG\ MHVW
VLĊRNUHĞODMąFNRPXQL]PMDNRU]HF]\ZLVWRĞüZNWyUHMSROLFMDJUDUROĊVXPLHQLD6XPLH-
QLHRGF]DVXJG\OXG]LH]DF]ĊOLRQLPUR]SUDZLDüFLąJOHSR]RVWDMHQDMEDUG]LHMĞOLVNą
L]DZRGQąEURQLąZZDOFHF]áRZLHND]MHJRZáDVQąQLHGRVNRQDáRĞFLą&KU]HĞFLMDĔVWZR
XVLáRZDáR XF]\QLü ] VXPLHQLD LQVWUXPHQW QDSUDZ\ ĞZLDWD R SLHUZV]RU]ĊGQ\P ]QDF]H-
QLXQLHEDUG]RVLĊWRXGDáRLPDáRNWRG]LĞG\VNXWXMH]DJDGQLHQLDVXPLHQLDSRGNąWHP
UR]VWU]\JQLĊüPRUDOQ\FK.RPXQL]PZVZHMSRF]ąWNRZHMID]LHLVWQLHQLDXVLáRZDáUHDNW\-
ZRZDüVXPLHQLHSRGQD]ZąĞZLDGRPRĞFLNODVRZHM:LG]ąFMHGQDNĪHQLFGREUHJRPX
]WHJRQLHSU]\FKRG]LLZáDG]DMHJRMHVWUyZQLHQLHSHZQDSRĞUyGOXG]LRUR]EXG]RQHM
ĞZLDGRPRĞFLNODVRZHMMDNZĞUyGW\FKFRQLHPDMąRQLHM]LHORQHJRSRMĊFLDZSDGáQD
SRP\VáHSRNRZ\=DEUDáVXPLHQLHMHGQRVWFHOXG]NLHM]EXGRZDáGODĔRJURPQHSRQX-
UH JPDFK\ Z\SRVDĪRQH ZH ZV]\VWNR FR ZVSyáF]HVQD WHFKQLND RIHUXMH GR WRUWXURZD-
QLDüZLDUWRZDQLDZLZLVHNFMLSV\FKLF]QHMLIL]\F]QHMF]áRZLHNDGRQDMHIHNW\ZQLHMV]HJR
L PDVRZHJR XQLFHVWZLDQLD JR ZUHV]FLH Z\FKRZDá L ]RUJDQL]RZDá RJURPQą DUPLĊ GR
REVáXJLW\FK]DNáDGyZLXPLHĞFLáZQLFKVXPLHQLH2GWąGQD]\ZDáRVLĊRQRVXPLHQLHP
SUROHWDULDFNLPVSRáHF]Q\POXEQDZHWRJyOQROXG]NLP²]DOHĪQLHRGRNROLF]QRĞFL²LVX-
URZR RERZLą]\ZDáR ZV]\VWNLFK 2GSDGá\ LQG\ZLGXDOQH ZDKDQLD L NRQIOLNW\ VSRZLHGĨ
SU]HVWDáDE\üLJUDV]NDPL]LQW\PQRĞFLąLVWDáDVLĊZáDVQRĞFLąNROHNW\ZX3ROLFMD²SR-
OLW\F]QDWDMQDMDZQDPXQGXURZDSRU]ąGNRZDNU\PLQDOQDLGURJRZD²SRF]ąWNRZR
DTP by SHADE 82
SRMPRZDQD MDNR REURQD UHZROXFML L MHM ]GRE\F]\ SU]HG MHM ZURJDPL VWDáD VLĊ RGWąG
VSHFMDOLVWą RG WHFKQRORJLL VXPLHQLD &]\OL VWUDĪQLNLHP ZDUWRĞFL WDN SRNUDF]QHM LĪ MHM
SUDZG]LZHREOLF]HQLHMHVW]QDQHQLNRPXQDZHWMHMSDQRPLZáDGFRP
7D XOW\PDW\ZQD L QLH]JáĊELRQD EU]\GRWD SRMĊFLD L LQVW\WXFML VSUDZLD ĪH REURVáD
RQD OHJHQGDUQRĞFLą SHáQą VSU]HF]QRĞFL 5R]JRUąF]NRZDQL OLWHUDFL ]ZáDV]F]D DQW\NR-
PXQLVW\F]QLOXEFLNWyU]\FLHUSLHOL]UąNNRPXQL]PXZLG]ąZQLHMWDMHPQLF]ąSRWĊJĊ
GHPRQLF]QHJR JHQLXV]X ]RUJDQL]RZDQą L U]ąG]RQą SU]H] REVHV\MQ\FK VFKRODVW\NyZ
]áDRXP\VáDFKILOR]RIyZLRELDá\FKZ\SLHOĊJQRZDQ\FKUĊNDFKNWyU\FKUR]NRV]ąMHVW
WRUWXURZDQLH OXG]NRĞFL 3URNRPXQLVW\F]QL DSRORJHFL L SDQHJLU\ĞFL ZLG]ą Z QLHM DUF\-
WZyUORJLNLZRSHURZDQLXSUREOHPDPLWUXGQąVáXĪEĊVSRáHF]QąVSUDZRZDQąSU]H]OXG]L
R Z\VXEOLPRZDQ\P SRF]XFLX KRQRUX L SRĞZLĊFHQLD /XG]LH FL XRVDELDMą WDN QDMZ\Ī-
V]\JHQLXV]GREUDĪHDĪQLHZDKDMąVLĊXQXU]DüVZ\FKUąNZHNUZLL²E\üPRĪH²
ZRND]\MQHMNU]\ZG]LH]ZDQHMZ\URNLHPKLVWRULL/XGU]ąG]RQ\SU]H]NRPXQLVWyZZLG]L
Z QLFK VNUHW\QLDá\FK LPEHF\OL L ] XSRUHP WZLHUG]L ĪH MHG\Qą NZDOLILNDFMą GOD VáXĪE\
ZNRPXQLVW\F]QHMSROLFMLMHVWDEVROXWQDWĊSRWD5R]PDZLDáHPUD]]SHZQ\PSU]\]ZR-
LW\PVWDU\PWUDPZDMDU]HPNWyU\PLDáWU]HFKV\QyZMHGHQ]QLFKE\áPHFKDQLNLHP
GUXJLVWXGLRZDáPHG\F\QĊDWU]HFL]RVWDáPLOLFMDQWHPF]\OL]Z\Ná\PSROLFMDQWHPSR-
U]ąGNRZ\PÄ3DQLH²PyZLáVWDU\WUDPZDMDU]²MDNJRS\WDáHPGODF]HJRFKFHLĞüGR
PLOLFMLRGSDUáÄ:LG]LWDWRMDOXELĊáRZLüU\E\$SRFRVLĊPĊF]\ü-DNMHVWHPZPXQ-
GXU]HWRLGĊJG]LHáRZLąU\E\PyZLĊĪHWXáRZLüQLHZROQRL ]DELHUDPLPFR]áRZLOL´
3DQLHWRĪWRDĪVWUDFKVáXFKDü«=XSHáQ\LGLRWD«´
2F]\ZLĞFLHSUDZGDOHĪ\JG]LHĞSRĞURGNX3RODWDFKNRPXQL]PZ\FKRZDáUR-
G]DM OXG]NL ]ZDQ\ WDP SUDFRZQLNLHP² EH]SLHF]HĔVWZD 1D QLĪV]\FK V]F]HEODFK MHVW
WRZLVWRFLHVWZyU]PHFKDQL]RZDQ\ZGURĪRQ\GRDXWRPDW\F]QHJRRGELHUDQLDUR]ND]X
LZ\NRQ\ZDQLDJREH]QDMPQLHMV]HJRXG]LDáXIXQNFMLSV\FKLF]Q\FK1LH]OLF]RQHGRZFLS\
NUąĪąQDMHJRWHPDW3U]\NáDG\
.RPLVMDSRERURZDHJ]DPLQXMHNDQG\GDWyZ
3\WDQLH,OHMHVWGZDUD]\GZD"
2GSRZLHGĨ7U]\
3\WDQLH,OHMHVWGZDUD]\GZD"
2GSRZLHGĨ3LĊü
:\QLNHJ]DPLQX3U]\MĊW\8P\VáRWZDUW\LVNáRQQ\GRSRV]XNLZDĔ
3\WDQLH,OHMHVWGZDUD]\GZD"
2GSRZLHGĨ3LĊü
3\WDQLH,OHMHVWGZDUD]\GZD"
2GSRZLHGĨ3LĊü
:\QLNHJ]DPLQX3U]\MĊW\2G]QDF]DVLĊGXĪąVLáąFKDUDNWHUX
3\WDQLH,OHMHVWGZDUD]\GZD"
2GSRZLHGĨ&]WHU\
3\WDQLH,OHMHVWGZDUD]\GZD"
2GSRZLHGĨ&]WHU\
:\QLNHJ]DPLQX1LHSU]\Mąü8SDUW\LSU]HPąGU]Dá\
$OERZV]ĊG]LHQDĞZLHFLHSROLFMDQFLFKRG]ąZSDWURODFKGZXRVRERZ\FKZNRPX-
QL]PLH SDWUROH WDNLH Vą ]DZV]H WU]\RVRERZH 3RZyG DOERZLHP MHGHQ PLOLFMDQW XPLH
F]\WDüGUXJLXPLHSLVDüDMHĞOLMXĪGZyFKLQWHOHNWXDOLVWyZMHVWUD]HPWRNWRĞPXVLLFK
SLOQRZDüĪHE\VLĊQLH]EXQWRZDOL
:\ĪV]HHV]HORQ\SROLFMLF]\OLSROLFMDSROLW\F]QDF]\OLVáXĪEDEH]SLHF]HĔVWZDXPLH
² U]HF] MDVQD ² GREU]H F]\WDü L SLVDü D QDZHW SRVáXJLZDü VLĊ QDMEDUG]LHM VNRPSOL-
NRZDQ\PL WHFKQLNDPL RUJDQL]DF\MQ\PL L WHFKQRORJLF]Q\PL NWyUH F]\QLą ] QLHM MHG\-
QąVSUDZQLHIXQNFMRQXMąFąG]LHG]LQĊĪ\GDZNRPXQL]PLH:U]HF]\ZLVWRĞFLZNWyUHM
GRJPDW\]PQLHGRáĊVWZRLQLHFKĊüZV]\VWNLFKGRZV]\VWNLHJR]URG]Lá\VXUUHDOLVW\F]Q\
FKDRV MHVW WR MHG\QD JDáąĨ Ī\FLD SDĔVWZRZHJR L VSRáHF]QHJR IXQNFMRQXMąFD QD ]D-
VDGDFK ZVSyáF]HVQ\FK L NRKHUHQWQ\FK SUDZLGáRZRĞFL -HVW WR SU]HGH ZV]\VWNLP JDáąĨ
DTP by SHADE 83
IXQNFMRQXMąFDZ\GDMQLHFHORZR]JRGQLH]SRZ]LĊW\PLXSU]HGQLR]DáRĪHQLDPLRSDUWD
R VROLGQLH L EH]EáĊGQLH ]EXGRZDQH VFKHPDW\ WHRUHW\F]QH MDNE\ Z\SUDFRZDQH Z QDM-
OHSV]\FKDPHU\NDĔVNLFKLQVW\WXWDFKGRQDXNLRUJDQL]DFMLLHIHNW\ZQRĞFL2EVHUZDWR-
URP]]HZQąWU]OXERILDURPSROLFMLSROLW\F]QHMPRĪHVLĊF]DVHPZ\GDZDüĪHQLHNWyUH
]LFKDNFMLF]\SRFLąJQLĊüVąG]LHáHPSU]\SDGNXEDáDJDQXQLHGRSDWU]HQLDOXESRP\áNL
-HVWWRZUDĪHQLH]JUXQWXEáĊGQH:HZF]HVQ\FKODWDFKGZXG]LHVW\FKNLONDQDMWĊĪV]\FK
Py]JyZURV\MVNLHMUHZROXFMLRSUDFRZDáRSODQSROLFMLSROLW\F]QHMNWyU\DĪGRG]LĞMHVW
QDMGRVNRQDOV]\P²JG\FKRG]LRSRP\VáRZRĞüIXQNFMRQDOQRĞüLSU]\GDWQRĞü²SUR-
GXNWHPNRPXQL]PX:V]HONLHZáDĞFLZRĞFLHSRNLZLHF]QHMOXG]NLHMGXV]\]DZV]HWHJR
VDPHJR XF]XFLD VWUDFKX L HWQLF]QR²JHRJUDILF]Q\FK FHFK VSRáHF]HĔVWZD URV\MVNLHJR
]RVWDá\ VNUXSXODWQLH UR]ZDĪRQH L ]V\QWHW\]RZDQH Z G]LHáR PRQXPHQWDOQH QLH PDMą-
FHRGSRZLHGQLNDZKLVWRULLLQQ\FKF\ZLOL]DFMLQDWHMSODQHFLH-HJRWUZDáRĞü]GROQRĞFL
DGDSWDF\MQHGRQRZ\FKDPRĪHLZV]HONLFKZDUXQNyZQDURGRZR²VSRáHF]Q\FKLFLąJOH
Z]ERJDFDQDXW\OLWDUQRĞüQDGDá\PX]QDPLRQDIXQGDPHQWDOL]PX
5yĪQHG]LHG]LQ\Ī\FLDZ\ND]XMąUyĪQHRGFK\OHQLDRGURV\MVNLHMQRUP\ZLPSHULXP
VRZLHFNLPLZNUDMDFKNRPXQLVW\F]Q\FKSR]DQLPMHG\QLHSROLFMDSROLW\F]QDMHVWZV]Ċ-
G]LHLGHQW\F]QLHWDNVDPRVNRQVWUXRZDQDLG]LDáDZRSDUFLXRWHVDPH]DVDG\²WDN
Z &KLQDFK MDN L Z -XJRVáDZLL L QD .XELH ² DF]NROZLHN ]DVLĊJ L FKDUDNWHU MHM G]LDáDĔ
]PLHQLD VLĊ ]DOHĪQLH RG ]DEDUZLHQLD SROLW\F]QHJR PLHMVFD L FKZLOL 7D VROLGQRĞü L UD-
FMRQDOQRĞüFDáHMVWUXNWXU\VSUDZLDĪHW\PFRMDNRĞFLRZRZ\UyĪQLDSROLFMDQWD]UHV]W\
VSRáHF]HĔVWZDZNRPXQL]PLHWRVHQVRZQRĞüMHJRĪ\FLDLSUDF\3ROLFMDQWMHVWZNRPX-
QL]PLHMHG\Q\PF]áRZLHNLHPQRUPDOQ\P]GURZ\PSV\FKLF]QLHG]LDáDMąF\PZRSDUFLX
RMDVQHSUHF\]\MQHORJLF]QHLáDWZR]UR]XPLDáHSU]HVáDQNLLQRUP\PRUDOQH'DMHPX
WRSRF]XFLHVHQVXZáDVQHJRĪ\FLDLGRNRQDĔD]DWHPUyZQRZDJĊGXFKDLSRF]XFLHQLH-
PDUQRZDQLDF]DVXF]\OLZáDVQHJRLVWQLHQLD²DZLĊF]DELHUDRGHĔQDMEDUG]LHMGUĊF]ąFą
REVHVMĊ F]áRZLHND Z NRPXQL]PLH 2EFH PX Vą NRPSOHNV\ L IUXVWUDFMH ]DĞ F]XMąF VLĊ
Z\DOLHQRZDQ\P ]H VSRáHF]HĔVWZD WáXPDF]\ WR VRELH VáXV]QRĞFLą REUDQHM SU]H] VLHELH
GURJLLVZ\FKLGHDáyZRLOHMHSRVLDGD3ROLFMDQWMHVWW\PU]DGNLPF]áRZLHNLHPSRPLĊ-
G]\:áDG\ZRVWRNLHPDàDEąNWyU\UDQRU]HĞNR]U\ZDVLĊQDQRJLJROLVLĊSRJZL]GXMąF
UDGRĞQLHFLHV]\VLĊVáRĔFHPLSRJRGąLRFKRF]RPNQLHGRSUDF\JG]LHZLHĪHF]HND
JR VDW\VIDNFMD SUDZG]LZHM SURGXNW\ZQRĞFL L VSUDZQHJR G]LDáDQLD PDMąFHJR ]DZV]H
SU]\F]\QĊLVNXWHNSRF]ąWHNLNRQLHF-DNZLDGRPRĞZLĊWDSDĔVWZRZHLURF]QLFHZLHO-
NLFK PĊĪyZ NRPXQL]PX F]\ KLVWRU\F]Q\FK Z\GDU]HĔ ĞZLĊFRQH Vą SU]\ SRPRF\ W]Z
Z]PRĪRQ\FKF]\QyZVSRáHF]Q\FKDZLĊFPXUDU]HNáDGąZLĊFHMFHJLHáQDJRG]LQĊEH]
GRGDWNRZHM ]DSáDW\ GRNHU]\ Z\áDGRZXMą ZLĊFHM WRZDUyZ UROQLF\ GáXĪHM NRV]ą GRMą
LVLHMą3ROLFMDQFLWHĪELRUąXG]LDáZUDGRVQ\PLZ]PRĪRQ\PZ\VLáNXFDáHJRVSRáHF]HĔ-
VWZDL]QDQHVą²DF]NROZLHNQLJG]LHQLHSXEOLNRZDQH²KLVWRULHJG\SHUVRQHOĞOHGF]\
]RERZLą]\ZDáVLĊGRGRGDWNRZHJRWRUWXURZDQLDEDGDQ\FKGODXF]F]HQLDGQLDPDMDOXE
SHUVRQHOZLĊ]LHQQ\RUJDQL]RZDá]XSHáQLHVSHFMDOQHVWDQLHJRG]LQDPLQDPUR]LHFDá\FK
NROXPQZLĊĨQLyZGODXF]F]HQLDXURG]LQ/HQLQD,OHĪSURVWRGXV]QRĞFLLMHGQROLWRĞFLSV\-
FKLF]QHMEH]QDMPQLHMV]\FKSĊNQLĊüLQLHSRNRMyZSRWU]HEDGODWDNJHQLDOQLHNU]HSNLHM
LQWHUSUHWDFMLSRMĊüGREUDSRĪ\WNXLRERZLą]NX7RWHĪMHG\Q\ĪDOGRĪ\FLDMDNLSROLFMDQW
F]XüPRĪHZNRPXQL]PLHSRFKRG]LVWąGFK\EDĪHMHJRZ\VLáHNLSHáQDLQZHQFMLZLHU-
QRĞüQLHVąNZLWRZDQHRGSRZLHGQLPUR]JáRVHPLQDOHĪQąSXEOLFLW\
5ROD SROLFML MDNR VXPLHQLD PRĪOLZD MHVW W\ONR ZWHG\ JG\ SHZQH FHFK\ LVWQLHQLD
XNV]WDáWRZDQHSU]H]ODWMXGHR±FKU]HĞFLMDĔVNLHMF\ZLOL]DFMLMDNQDSU]\NáDGSHU-
VRQDOL]P L LQG\ZLGXDOL]P OXE SUDZR F]áRZLHND GR VLHELH VDPHJR F]\ LGHD F]áRZLHND
MDNRDXWRQRPLF]QHMFDáRĞFLSV\FKRIL]\F]QHMVND]DQHVąQDDQLKLODFMĊ2GZLHF]QDUHOD-
FMDSRPLĊG]\MDZQRĞFLąDW\PFRQLHZ\SRZLHG]LDOQHLGRF]HJRF]áRZLHNPDZ\áąF]QH
LQLHQDUXV]DOQHSUDZRZáDVQRĞFLPXVLXOHFFDáNRZLWHPXUR]NáDGRZLE\VSHáQLüZDUXQHN
SRGGDĔVWZDMDNLZ\PDJDSROLFMDGąĪąFDGRREMĊFLDUROLVXPLHQLD:V]\VWNRFRZLHP\
RZROQHMZROLMHGQRVWNLOXG]NLHMLMHMDWU\EXFLHQLHXVWDQQHJRZ\ERUXQLH]GDMHVLĊMXĪ
QDQLFZĪ\FLX3HZQRĞüLRWZDUWRĞüMDNLPLMHFKFHSROLFMDVąZSUDNW\FHQLHZ\NRQDOQH
DTP by SHADE 84
LQLHRVLąJDOQHQDZHWSU]H]QDMGRVNRQDOV]\LQDMSUHF\]\MQLHMV]\DSDUDWLQZLJLODFMLVWąG
²RGF]DVXGRF]DVX²NRQLHF]QRĞüIDEU\NRZDQLDMDZQRĞFLLV]F]HURĞFLZ]H]QDQLDFK
RILDUSROLFML)DEU\NDFMHWH]D]Z\F]DMXGHU]DMąVZąSU\PLW\ZQRĞFLąLZXOJDUQąSRJDUGą
GODLQWHOLJHQFMLVSRáHF]HĔVWZDQDXĪ\WHNNWyUHJRVąSUHSDURZDQH7XWNZLSHZQDVáD-
ERĞüFDáHJRFXGRZQHJRDSDUDWXLSROLFMDMHVWĞZLDGRPDVZHMQLHPRĪQRĞFLRVLąJQLĊFLD
DEVROXWXWDNMDZQRĞFLMDNLGRVNRQDáRĞFL:REHFWHJRZDOF]\MXĪQLHRVWDQU]HF]\OHF]
RSRWU]HEĊVWDQXU]HF]\QLHRLGHDáOHF]RVZHSUDZRGRZDONLRLGHDá-HGQ\PVáRZHP
RDWPRVIHUĊSRĞUyGNWyUHMEĊG]LHRQDPRJáDĪąGDüZV]\VWNLHJRSRGF]DVJG\ZV]\VF\
FDáHVSRáHF]HĔVWZR]JRG]ąVLĊĪHWDNSRZLQQRE\ü
:DOFHWHMQDMOHSLHMVáXĪ\WDNLH]DWUXFLHDWPRVIHU\VSRáHF]QHMĪHNDĪG\DNWKRQR-
UX SU]\]ZRLWRĞFL RGZDJL SU]HNRQDĔ KHURL]PX L QLHSU]HNXSQRĞFL SU]HGVWDZLRQ\ MHVW
ZUĊF] RGZURWQLH MDNR NDSLWXODFMD QLNF]HPQRĞü GZXOLFRZRĞü NRQIRUPL]P WFKyU]R-
VWZRVSU]HGDMQRĞü6WZDU]DWRV\WXDFMĊZNWyUHMLPNWRĞRVWU]HMZDOF]\RVZąQLH]D-
OHĪQRĞüXF]FLZRĞüLJRGQRĞüW\PáDWZLHMSRSDGDZSRGHMU]HQLHSRĞUyGµVZHJRZáDVQHJR
RWRF]HQLD,PRWZDUFLHMNWRĞJáRVLVZyMVSU]HFLZW\PáDWZLHMSRVąG]LüJRRZVSyáSUDFĊ
]SROLFMą&]ĊVWRNURüĨUyGáHPSORWHNRF]áRZLHNXMHVWVDPDSROLFMDLZW\PSU]HMDZLD
VLĊQDMOHSLHMREZyG]DPNQLĊW\WRWDOL]PXZV]\VWNRWáXPDF]\VLĊWDNáDWZRVDPRSU]H]
VLHELH:V]\VWNRVWDMHVLĊSRGHMU]DQHQDZHWVDPDSRGHMU]OLZRĞü:WDNLHMDWPRVIHU]H
PRĪQD XNXü QDMEDUG]LHM QLHSU]\WRPQH NáDPVWZR QLF QLH Z\PDJD X]DVDGQLHĔ LQQ\FK
SR]DMHGQ\PX]DVDGQLHQLHP/XG]LHQD=DFKRG]LHG]LZLąVLĊĪHNRPXQLVW\F]QLSU]\-
ZyGF\XĪ\ZDMąWDNPDáRZLDURJRGQ\FKRVNDUĪHĔZUR]JU\ZNDFKPLĊG]\VREą7URFNL
² V]SLHJ *HVWDSR OXE 7LWR ² DJHQW ,QWHOOLJHQFH 6HUYLFH OHF] Ī\MąF WDP QLNRPX QLH
SU]\FKRG]LGRJáRZ\ĪHZLDURJRGQRĞüPRĪHE\üMDNLPNROZLHNF]\QQLNLHPZWUyMVWURQ-
Q\PVWRVXQNXSDĔVWZR²VSRáHF]HĔVWZR²F]áRZLHN&K\EDQDMOHSLHMLOXVWUXMHWHQVWDQ
U]HF]\]QDQ\GRZFLSZDUV]DZVNLZFHOLZLĊ]LHQQHMSRMDZLDVLĊQRZ\ZLĊ]LHĔREHFQL
S\WDMąMDNLGRVWDáZ\URN
²']LHVLĊüODW²PyZLQRZ\
²=DFR"
²=DQLF
².áDPLHV]=DQLFXQDVGDMąQDMZ\ĪHMSLĊüODW
2F]\ZLĞFLHSROLFMDMHVWQLHRP\OQDLWHQURG]DMGHLILNDFMLX]\VNXMHSU]H]UyĪQHGURE-
QH FKZ\W\ QDGHU LQQRZDF\MQH ZREHF VWDU\FK WUDG\FML F\ZLOL]DFML ]DFKRGQLHM 1D RJyá
MHVWHĞP\ SU]\]Z\F]DMHQL SU]H] GáXJLH L ERJDWH G]LHMH W\FK VSUDZ ĪH EH]NDUQRĞü MHVW
XG]LDáHPPRĪQ\FKSRGF]DVJG\PDá\SáDFL]DQDGXĪ\FLDVZ\FKZLHONLFKSU]HáRĪRQ\FK
:NRPXQL]PLHMHVWRGZURWQLH:LHOF\JLQąRGF]DVXGRF]DVXZ]DFLHNá\FKZDONDFKQD
V]F]\FLH R ZáDG]Ċ PRĪQL SU]HSDGDMą ]D JU]HFK QDGJRUOLZRĞFL OXE ]D QLHGRFLąJQLĊFLD
NWyUHPRJąE\üWROHURZDQHZJyUQLFWZLHLZG\SORPDFMLOHF]QLJG\ZEH]SLHF]HĔVWZLH
1DWRPLDVW PDOL VLHSDF]H FLHV]ą VLĊ ]XSHáQą EH]NDUQRĞFLą EH] Z]JOĊGX QD SRP\áNĊ
RNUXFLHĔVWZRLQDGXĪ\FLHZáDG]\MDNLHSRSHáQLą7DVROLGDUQRĞüQDMEDUG]LHMRUG\QDUQ\FK
]ELUyZ VSUDZLD ĪH VSRáHF]HĔVWZR SR]RVWDMH Z VWDQLH QLHXVWDMąFHM KLSQR]\ MDN NROL-
EHUZREHFZĊĪDPHWDIL]\NDEH]VLOQRĞFLSU]HQLNDNDĪGąNRPyUNĊVSRáHF]QąLNDĪGHJR
F]áRZLHND]RGG]LHOQD3UDZRU]ąGQRĞüQDGXĪ\WDQLJG\QLHMHVWQDSUDZLRQDQLNWQLHPD
V]DQVQDNZHVWLRQRZDQLHQLHVSUDZLHGOLZRĞFLF]áRZLHN]DELW\SU]H]SRP\áNĊSU]H]IXQN-
FMRQDULXV]DEH]SLHF]HĔVWZDMHVWSRSURVWXF]áRZLHNLHP]DELW\PEH]ĪDGQHJRGDOV]HJR
FLąJXDMHĞOLURG]LQDZQLHVLHVNDUJĊGRZLHVLĊĪH]DELW\E\áDJHQWHP&,$²QDZHW
JG\E\E\áJáXFK\QLHP\LEH]REXQyJRGXURG]HQLDF]\XPDUáZZLHNXODWV]HĞFLX7HQ
]DĞNWyU\]DELáRWU]\PDRUGHU]DF]XMQRĞüZZDOFH]ZURJDPLOXGXDOERZLHPĪHOD]QD
]DVDGD ĪH QDGXĪ\ZDü SUDZRU]ąGQRĞFL QDOHĪ\ SU]\ SRPRF\ FLąJOH LQWHQV\ZQLHMV]HJR
MHMQDGXĪ\FLD1LHPDWDNLHJRVWDQXMDNQLHZLQQRĞü²JáRVLSRGVWDZRZD]DVDGDILOR]RILL
NRPXQLVW\F]QHMSROLFML²NDĪG\F]áRZLHNMHVWF]HJRĞZLQLHQLP\RW\PZLHP\1LHZLQQH
LF]\VWHVąW\ONRLGHHMDNQDSU]\NáDGLGHDRFKURQ\NRPXQL]PXSU]HGMHJRZURJDPLP\
]DĞMHVWHĞP\VWUDĪQLNDPLWHMQLHZLQQRĞFLLSRVLDGDP\MHG\QąFKDU\]PDW\F]QąH]RWH-
U\F]QąZLHG]ĊMDNRZHMF]\VWRĞFLEURQLüZLHG]ĊQLHSRG]LHOQąSRGOHJDMąFąNRQWUROLW\FK
DTP by SHADE 85
W\ONRNWyU\PVáXĪ\P\3URĞFLHMZ\NáDGDWĊGLDOHNW\NĊ]QDQ\GRZFLSRSVLHNWyU\XFLHNá
]&]HFKRVáRZDFMLGR1LHPLHF=DFKRGQLFKJG]LHVSRWNDáSVDNWyU\JRVS\WDáGODF]HJR
RSXĞFLáRMF]\]QĊ
²%RWDPPRUGXMąNUyOLNL²RGSDUáF]HVNLSLHV
²$OHSU]HFLHĪW\MHVWHĞSLHV
²%D«DOHMDNMDWHJRGRZLRGĊ"2QLZLHG]ąOHSLHM
:LHG]DRW\PMDNVXEOLPRZDüVWUDFKMDNąG\VSRQXMHNRPXQLVW\F]QDSROLFMDMHVW
QLHVNRĔF]RQD 0RĪQD QD SU]\NáDG E\ü DUHV]WRZDQ\P EH] DUHV]WRZDQLD .WRĞ GRVWDMH
ZH]ZDQLHGRVWDZLHQLDVLĊZELXUDFKSROLFMLZFHOX]áRĪHQLD]H]QDĔMDNRĞZLDGHNZ\-
SDGNXVDPRFKRGRZHJR2F]\ZLĞFLHSU]\FKRG]LSXQNWXDOQLHSU]\ZHMĞFLXGRJPDFKX
RWU]\PXMHSU]HSXVWNĊSRF]\PXGDMHVLĊGRSRNRMXZNWyU\PPDVLĊVWDZLü6LHG]ą-
F\ZQLPIXQNFMRQDULXV]ELHU]HRGQLHJRSU]HSXVWNĊLNDĪHPX]DF]HNDüQDNRU\WDU]X
1D NRU\WDU]X VWRL áDZND &]áRZLHN VLDGD QD áDZFH , F]HND &]HND Syá JRG]LQ\ F]HND
JRG]LQĊ3XNDGRGU]ZLSRNRMXZNWyU\PPLDá]áRĪ\üSDURPLQXWRZH]H]QDQLH*G\MH
RWZLHUD ZLG]L ]H ]GXPLHQLHP ĪH ]D ELXUNLHP VLHG]L LQQ\ IXQNFMRQDULXV] NWyU\ S\WD
JRF]HJRVRELHĪ\F]\&]áRZLHNZ\MDĞQLD7HQGUXJLPyZLXSU]HMPLHĪHNROHJDPXVLDá
Z\MĞü Z ZDĪQHM VSUDZLH DOH ]DUD] ZUyFL ĪHE\ VLĊ QLH QLHSRNRLü L VSRNRMQLH F]HNDü
&]áRZLHNZUDFDQDVZąáDZNĊ0LMD]QRZXJRG]LQD:\SDOLáZV]\VWNLHSDSLHURV\MDNLH
PLDá]HVREą&]áRZLHNSXNDSRQRZQLHGRGU]ZL1LHPDĪDGQHMRGSRZLHG]L*G\QDFL-
VNDNODPNĊRND]XMHVLĊĪHGU]ZLVą]DPNQLĊWH&]áRZLHNDRJDUQLDSDQLND1LHPRĪH
RSXĞFLü JPDFKX ER QLH PD SU]HSXVWNL 1LJG]LH QLH PD WHOHIRQX DĪHE\ ]DG]ZRQLü GR
GRPXF]\GRPLHMVFDSUDF\6LDGDZLĊFQDáDZFHVNXORQ\LF]HND'UĊF]ąJRVWUDV]OLZH
P\ĞOLZ\REUDĪHQLDSU]\ZLG]HQLD:LHĪHF]HNDJRSU]\NURĞüZPLHMVFXSUDF\JG]LH
SRZLHG]LDá ĪH Z\FKRG]L W\ONR QD NUyWNL F]DV DE\ ]áRĪ\ü ]H]QDQLD Z SROLFML SRVąG]ą
JRRZDJDU\LPRĪHZ\U]XFą:FLąJXQDVWĊSQ\FKGZyFKJRG]LQSRMDZLDVLĊSLHUZV]\
IXQNFMRQDULXV]3U]HSUDV]D]D]ZáRNĊ:SURZDG]DGRSRNRMXVDG]DQDNU]HĞOH=H]QD-
QLDZVSUDZLHZ\SDGNX]DMPXMąG]LHVLĊüPLQXW&]áRZLHNPyZL]DMąNOLZLHĪHFKFLDáE\
MDNLHĞ]DĞZLDGF]HQLHGODVZHJRPLHMVFDSUDF\JG]LHVSĊG]LáV]HĞüJRG]LQZFLąJXGQLD
SUDF\)XQNFMRQDULXV]PyZLĪHWRĪDGHQSUREOHPLGDMHPXRGSRZLHGQLGUXN3RF]\P
GRGDMHÄ$KDSU]\RND]MLSU]\V]áRPLQDP\ĞOĪHLQWHUHVXMąQDVSHZQHU]HF]\]ZLą-
]DQH]SDĔVNLPPLHMVFHPSUDF\LE\OLE\ĞP\EDUG]RFLHNDZLFRSDQRW\PVąG]L0RĪH
E\QDVSDQRGZLHG]LáRGF]DVXGRF]DVX«´8ĞPLHFKDVLĊPLáRLZUĊF]DPXSU]HSXVWNĊ
XSUDZQLDMąFąGRRSXV]F]HQLDJPDFKX
7HQSURĞFLXWNLVFHQDULXV]VWDQRZLáDWZHZVWĊSQHüZLF]HQLHZSRGUĊF]QLNXSUDFRZ-
QLNDEH]SLHF]HĔVWZD8F]ąFVLĊGDOHMGRFKRG]LRQGRFDáHJR]DSDVXZLHG]\RW\PMDN
SRF]\QDüVRELH]HVSRáHF]HĔVWZHPLMHGQRVWNą:JUXQFLHU]HF]\QLHMHVWWRZLHG]D]E\W
VNRPSOLNRZDQDLSROHJDQDSRG]LDOHZV]\VWNLFKOXG]LQDWU]\NDWHJRULH²W\FKFRVLHG]ą
ZZLĊ]LHQLDFKRER]DFKNRQFHQWUDF\MQ\FKPLHMVFDFKRGRVREQLHQLDF]\RER]DFKSUDF\
LQDW\FKFRMXĪZQLFKVLHG]LHOLLQDW\FKFREĊGąZQLFKVLHG]LHü,QQ\FKOXG]LQLHPD
.
Co to jest komisja
.
-DNĞZLDWĞZLDWHP]QDQHMHVWSU]\VáRZLHFRGZLHJáRZ\WRQLHMHGQDSRWRDE\FRĞ
ZDĪNLHJR]DGHF\GRZDüNLONXOXG]LVLDGDáRGRQDUDG\1DUDGDQDRJyáPLDáDGXĪH]QD-
F]HQLHLGRW\F]\áDVSUDZZDĪQ\FK0RQDUFKRZLHZRG]RZLHLSUH]\GHQFLRLOHRG]QDF]DOL
VLĊ PąGURĞFL" L XPLDUHP ]DVLĊJDOL UDG\ LQQ\FK 'HF\]MH SRGHMPRZDQR Z VSUDZDFK
SRNRMXLZRMQ\DNWyZZáDG]\LVSUDZLHGOLZRĞFL1DWRPLDVWDNWXJRWRZDQLD]XS\OXESUR-
EOHPMDNLHQDOHĪ\QRVLüEXW\SR]RVWDZLDQRQDRJyáGHF\]MRPSRV]F]HJyOQ\FKRE\ZDWHOL
:NRPXQL]PLHZV]\VWNRGHF\GRZDQHMHVWNROHJLDOQLHSUyF]DNWyZZáDG]\LVSUD-
ZLHGOLZRĞFL NWyUH Vą QDMF]ĊĞFLHM Z\QLNLHP WHOHIRQLF]QHM UR]PRZ\ GZyFK OXG]L OXE FR
QDMZ\ĪHMWU]HFK1DWRPLDVWVSUDZ\ĪXS\EXWyZSU]HSLVyZGURJRZ\FKLRSDNRZDQLDQD
FXNLHUNLGHF\GRZDQHVąSU]H]OLF]QH]JURPDG]HQLDGRFKRG]ąFHGRNLONXQDVWXSU]HG-
VWDZLFLHOL UyĪQ\FK UHVRUWyZ Ī\FLD SXEOLF]QHJR JRVSRGDUNL QR L QDWXUDOQLH ZáDG] SDU-
DTP by SHADE 86
W\MQ\FK =DVWDQDZLDMąFH MHVW WDNĪH MDN WD ZVSDQLDáD NDULHUD ]ELRURZHM UDG\ PĊGUFyZ
SU]\F]\QLáDVLĊGRNRPSOHWQHJRXSDGNXLDWURILLGHF\]ML²F]\OLRVWDWHF]QHJRUH]XOWDWX
QDUDG\ : QLH]OLF]RQ\FK Z\SDGNDFK WUDQVFHQGHQWDOQD WDMHPQLF]RĞü L QLH]UR]XPLDáRĞü
WHJRFRG]LHMHVLĊZRNRáRF]áRZLHNDZNRPXQL]PLHWáXPDF]\VLĊZáDĞQLHZV]HFKZáDG]D
NRPLVMLNWyUDQLHPRĪHQLFLQLHMHVWZVWDQLHXF]\QLüFRNROZLHN:LąĪHVLĊWRZSLHUZ-
V]\PU]ĊG]LH]SUREOHPHPRGSRZLHG]LDOQRĞFL
-DN Z\JOąGD SRMĊFLH RGSRZLHG]LDOQRĞFL Z NRPXQL]PLH LOXVWUXMH ] QLH]Z\Náą SUH-
F\]Mą QDVWĊSXMąFD KLVWRULD 1D VWU]HĪRQH PLHMVFH GR SDUNRZDQLD VDPRFKRGyZ SU]HG
ZLHONLPUHSUH]HQWDF\MQ\PKRWHOHPZ:DUV]DZLH]DMHFKDáSLĊNQ\VSRUWRZ\VDPRFKyG
]=DFKRGXQDOHĪąF\GRJRĞFLDKRWHORZHJR=KRWHOXZ\V]HGáXPXQGXURZDQ\SUDFRZQLN
KRWHORZ\LRĞZLDGF]\áJRĞFLRZLĪHWXSDUNRZDüQLHPRĪQD*RĞüSU]HVWDZLáZy]RSyá
EORNXGDOHMDJG\SRSyáJRG]LQLHZ\V]HGá]KRWHOXVWZLHUG]LáĪHGRZR]XZáDPDQRVLĊ
L ]UDERZDQR ]HĔ FHQQH DSDUDW\ ILOPRZH *RĞü SRMHFKDá QD PLOLFMĊ ]áRĪ\á PHOGXQHN
XGDáVLĊGRZDUV]WDWXZFHOX]UHSHURZDQLDV]NyGSRF]\PZUyFLáGRKRWHOXL]DMHFKDá
QDKRWHORZ\SDUNLQJ=KRWHOXZ\V]HGáWHQVDPSUDFRZQLNLRĞZLDGF]\áĪHWXSDUNRZDü
QLHZROQR*RĞüU]HNá
²3U]HFLHĪWXZ\UDĨQLHSLV]HĪHMHVWWRSDUNLQJGODJRĞFLKRWHORZ\FK*G\SDUNR-
ZDáHPGDOHM]RVWDáHPREUDERZDQ\
²1RZLG]LSDQ²XĞPLHFKQąáVLĊSUDFRZQLNKRWHOX]GXPą²:WHQVSRVyEWR
MHVWSDQDVSUDZD$JG\E\SDQSDUNRZDáWXWDMMDE\áE\P]DWRRGSRZLHG]LDOQ\
,GHQW\F]QLH WHQ VDP QDVWUyM XP\VáyZ SDQXMH QD NRPLVMDFK .RPLVMH GHF\GXMą
RZV]\VWNLPDUDF]HMQLHGHF\GXMąRQLF]\P=DáyĪP\ĪHIDEU\NDPDUJDU\Q\Z\SUR-
GXNRZDáDQRZ\JDWXQHNWHJRSRĪ\ZQHJRWáXV]F]X3RWU]HEQHMHVWRSDNRZDQLH'\UHN-
FMD SDĔVWZRZHJR SU]HGVLĊELRUVWZD GR NWyUHJR QDOHĪ\ IDEU\ND ]ZRáXMH ZLĊF NRPLVMĊ
3U]\E\ZDMą QD QLą UHSUH]HQWDQFL IDEU\NL GDQHM JDáĊ]L SU]HP\VáX GR NWyUHJR QDOHĪ\
IDEU\ND PLQLVWHUVWZD GR NWyUHJR QDOHĪ\ SU]HP\Vá ]ZLą]NX ]DZRGRZHJR GR NWyUHJR
QDOHĪąURERWQLF\SU]HGVLĊELRUVWZDKDQGORZHJRNWyUHEĊG]LHVSU]HGDZDáRPDUJDU\QĊ
]ZLą]NXDUW\VWyZ±SODVW\NyZNWyUHJRF]áRQNRZLHRSDNRZDQLHQDPDOXMąGUXNDUQLNWyUD
MHZ\NRQDNRPXQLVW\F]QHJR]ZLą]NXNRELHW²ERZLHPPDUJDU\QĊXĪ\ZDVLĊGRVPD-
ĪHQLDSRVLáNyZURG]LQQ\FKFHQ]XU\²ERZLHPRSDNRZDQLHPDPLHüQDSLVDWRZ\PDJD
NRQWUROLQRLRF]\ZLĞFLHSDUWLLEH]NWyUHMQLFRE\üVLĊQLHPRĪH-XĪVDPRX]JRGQLHQLH
F]HJRNROZLHNZWDNOLF]Q\PJURQLHRWDNVSU]HF]Q\FKLQWHUHVDFKZ]DMHPQ\FKZ\GDMH
VLĊ]XSHáQąQLHPRĪOLZRĞFLąDOHQLHWRMHVWQDMJRUV]H
1DMJRUV]HMHVWĪHJG\ZV]\VWNRMXĪ]EOLĪ\VLĊNXMDNLHPXĞNRQNUHWRZLNWRĞSRZR-
GRZDQ\ RZ\P VHQVHP RGSRZLHG]LDOQRĞFL XNV]WDáWRZDQ\P SU]H] Ī\FLH Z NRPXQL]PLH
LRSLVDQ\PLSRSU]HGQLRQDJOHSRZLHÄ$MDWRE\PWHJRQLH]DWZLHUG]Lá«´:WHG\ĞPLHU-
WHOQDFLV]DSRNU\ZD]JURPDG]HQLHLNDĪG\P\ĞOLVRELHSRFLFKXLJRUąF]NRZRÄ2QFRĞ
PXVLZLHG]LHü&RĞPXVLE\üZW\PSROLW\F]QLHQLHSHZQHJR-DWDPVLĊQLHEĊGĊZ\-
FK\ODáLELáRQLHZLDGRPRFR3RWHPRNDĪHVLĊĪH]DWZLHUG]LáHPFRĞFRMHVWQLHWDNLHMDN
QDOHĪ\«´=DF]\QDVLĊJáRVRZDQLHLNDĪG\JáRVXMHSU]HFLZSURMHNWRPRSDNRZDQLD0DU-
JDU\QDQLHEĊGąFDZVWDQLHVLĊRSDNRZDüOHĪ\SU]H]NLONDODWDĪVLĊ]HSVXMHL]DPLDVW
QD SDWHOQLH LG]LH QD VPDU GR Nyá ZR]yZ NRQQ\FK QD ZVL 3R F]\PWXU\ĞFL ] =DFKRGX
G]LZLąVLĊĪHZNRPXQL]PLHMHVWZLĊFHMNRQLQLĪWUDNWRUyZ
.
&RWRMHVWSDV]SRUW]DJUDQLF]Q\
.
%OLVNRODWSRUHZROXFMLIUDQFXVNLHMLSRNRQVW\WXFMLDPHU\NDĔVNLHM]DĞSRQDG
ODWSRUHZROXFMLNRPXQLVW\F]QHMNWyUHMMHGQ\P]ZLHONLFKFHOyZE\áDZROQRĞüZV]\VW-
NLFKOXG]LFKáRSURV\MVNLGRNWyUHJRMDNRE\QDOHĪ\NUDMLSDĔVWZRMHĞOLFKFHRGZLHG]Lü
EUDWDZPLHĞFL‹RGOHJá\PRPLOPXVLRWU]\PDüSU]HSXVWNĊRGVHNUHWDU]DNRáFKR]X
ZNWyU\PSUDFXMH3U]HSXVWNDWDZ\GDQDSU]H]PLHMVFRZHZáDG]HSROLF\MQHGRG\VSR-
]\FMLZáDG]NRáFKR]XVWDQRZLSDV]SRUWEH]NWyUHJRFKáRSQLHPDSUDZDSRUXV]DüVLĊ
SR]DREUĊEHPZáDVQHJRRER]X-HĞOL]DWU]\PDQ\ZPLHĞFLHQLHSRWUDILZ\OHJLW\PRZDü
DTP by SHADE 87
VLĊSU]HSXVWNąJUR]LPXNDUDZLĊ]LHQLDOXEREy]NRQFHQWUDF\MQ\3U]HSXVWNDWDNDF]Ċ-
VWRQD]\ZDVLĊGHOHJDFMąVáXĪERZąGOD]DNDPXIORZDQLDMHMQDWXU\-HVWWRRNROLF]QRĞü
PDáR ]QDQD ]ZROHQQLNRP NRPXQL]PX QD =DFKRG]LH L ZDUWD EOLĪV]HJR ZJOąGX MHVW WR
WDNĪHRVWDWQLD]QDQDIRUPDSDĔV]F]\]Q\F]\SyáQLHZROQLFWZDQDNRQW\QHQFLHHXURSHM-
VNLPLĪDGQHNDPXIODĪHQLHVąZVWDQLHSRNU\üSUDZG\
1LHZLHPMDNMHVWZ&KLQDFKOHF]QLFWDNLHJRQLHLVWQLHMHZNUDMDFK(XURS\ZVFKRG-
QLHM.UDMHVDWHOLFNLHDQDZHWNRPXQLĞFLZQLFKSDWU]ą]SRJDUGąQD5RVMĊLPQyVWZR
MHMSUDNW\NLF]XMąVLĊF]ĊĞFLą(XURS\1LHPDPRZ\ZLĊFDE\PLHV]NDQLHFW\FKNUDMyZ
F]XáVLĊVNUĊSRZDQ\ZVZ\FKFKĊFLDFKVZRERGQHJRSRUXV]DQLDVLĊSRZáDVQ\PNUDMX²
PRĪHMHFKDüGRNąGW\ONR]DSUDJQLH1DWRPLDVWMHĞOLFKFHZ\MHFKDüSR]DJUDQLFHVZHJR
NUDMX²WRMXĪMHVWFRĞLQQHJRLWXWDMRWZLHUDVLĊSROHGRJáĊERNLFKLVNRPSOLNRZDZDQ\FK
UR]ZDĪDĔ
:áDG]HNRPXQLVW\F]QHJRNUDMXVą]]DVDG\SU]HFLZQHZ\MD]GRP]DJUDQLFĊVZ\FK
RE\ZDWHOL PLHV]NDĔFyZ F]\ SRGGDQ\FK 1D FDá\P ĞZLHFLH JG\ NWRĞ FKFH Z\MHFKDü
]NUDMXVZHJRXURG]HQLDF]\]DPLHV]NDQLDLQLHSRSHáQLáĪDGQ\FKSU]HVWĊSVWZSU]HFLZ
SUDZRPGDQHJRNUDMXXGDMHVLĊGRRGSRZLHGQLHJRXU]ĊGXJG]LH]DRGSRZLHGQLąRSáD-
WąX]\VNXMHGRNXPHQW]DĞZLDGF]DMąF\MHJRRE\ZDWHOVWZRLXSUDZQLDMąF\JRGRXGDQLD
VLĊ Z SRĪąGDQ\P NLHUXQNX : NUDMDFK NRPXQLVW\F]Q\FK R GRNXPHQW WDNL PLPR ĪH
SUDZQLHQDOHĪ\VLĊRQNDĪGHPXWU]HEDVNáDGDüVSHFMDOQHSRGDQLDLSURĞE\LWHĪVLĊJR
QLHRWU]\PXMH7U]HEDF]HNDüODWDPLQDRGSRZLHGĨZVSUDZLHSUyĞENWyUHMQDRJyáWHĪ
VLĊQLHRWU]\PXMH
6SUyEXMP\SU]HĞOHG]LüVSRVyEUR]XPRZDQLDSURZDG]ąF\GRWDNLHJRVWDQXU]HF]\
:QDMRJyOQLHMV]\P]DU\VLHNRPXQLVW\F]Q\ZáDGFDVąG]LĪHOXG]LRPQLHZROQRMHVWURELü
WRFRFKFąF]\QDFRPDMąRFKRWĊOHF]U]HF]ąLFKMHVWVLHG]LHüQDPLHMVFXSUDFRZDü
LFKZDOLüZáDGFĊ]DWRĪHLPWRXPRĪOLZLD-XĪWRSU]HNRQDQLHZ\VWDUF]DGRQLHZ\GDZD-
QLDSDV]SRUWX]DJUDQLF]QHJRQLNRPXFRáDWZRWHĪXPRW\ZRZDüW]ZLQWHUHVHPSDĔVWZD
OXGRZHJR.RPXQLVW\F]Q\ZáDGFDXZDĪDSRQDGWRNRPXQL]P]DV]F]\WRZHRVLąJQLĊFLH
OXG]NLHJRURG]DMXWRWHĪJG\NWRĞIL]\F]QLH]QDMGXMHVLĊZNRPXQL]PLHLFKFH]HĔZ\MH-
FKDüP\ĞOWDNDZ\GDMHVLĊZáDGF\QDMSU]yGQLHQDWXUDOQDSRWHP]DĞJRGQDSRWĊSLHQLD
2F]\ZLĞFLHZáDGFDPXVLSU]\MąüĪHZ\MHĪGĪDVLĊ]NUDMXQLHW\ONRGODMHJRRSXV]F]HQLD
OHF]WDNĪHLGODLQQ\FKSU]\F]\QRUD]ĪHVąWHĪLQQHNRPXQLVW\F]QHNUDMHGRNąGNWRĞ
PRĪHFKFLHüVLĊXGDüQLHRSXV]F]DMąFW\PVDP\PNRPXQL]PX:áDGFDXZDĪDMHGQDN
ĪH NDĪG\ ] MHJR SRGGDQ\FK SRZLQLHQ QDMOHSLHM F]Xü VLĊ ZH ZáDVQ\P NUDMX L SRG MHJR
ZáDG]ą-HĞOLNWRĞWDNQLHF]XMHFRĞMHVW]QLPQLHZSRU]ąGNXLOHSLHMQDQLHJRXZDĪDü
1DVWĊSQ\F]áRQUR]XPRZDQLDMHVWZQLHMDNLHMVSU]HF]QRĞFL]SRSU]HGQLP:áDGFD
PLPR LĪ XZDĪD NRPXQL]P ]D GRVNRQDáRĞü ZROL ĪHE\ R QLP QLH PyZLü QD ]HZQąWU]
6áXV]QLHWHĪ]DNáDGDĪHNWRĞNWRXGDMHVLĊSR]DNRPXQL]PQDZHWQDNUyWNLSRE\WW\ONR
EĊG]LHS\WDQ\LWRFRPDRQGRSRZLHG]HQLDZáDĞFLZLHQLHQDGDMHVLĊGRUR]PyZ]RE-
F\PL0RJą]RVWDüQLHRGSRZLHGQLRSRLQIRUPRZDQLDOERZLHPW\ONRLQIRUPDFMDVDPHJR
ZáDGF\QDGDMHVLĊGRUR]SU]HVWU]HQLDQLDSR]DNRPXQL]PHP1DWRPLDVWMHVWZLĊFHMQLĪ
SHZQHĪHWHQNWRFKFHRSXĞFLüNRPXQL]PQDGREUHQDSHZQRQLHEĊG]LHRQLPJáRVLü
VDP\FKSRFKZDá/HSLHMZREHFWHJR]DWU]\PDüJRVLáąQLĪU\]\NRZDü]áąSUDVĊDOER-
ZLHPPQLHMV]\PJU]HFKHPMHVWXQLFHVWZLDüOXG]NLHPDU]HQLD]DPLDU\LSODQ\DQDZHW
XZLĊ]Lü F]áRZLHND OXE PLOLRQ\ OXG]L QLĪ QDUD]Lü GREUH LPLĊ NRPXQL]PX QD V]ZDQN
: SHZQ\P VHQVLH ZáDGFD PD ]XSHáQą UDFMĊ :LHG]D R NRPXQL]PLH ]DF]\QD VLĊ ZUD]
]W\PLNWyU]\VWDPWąGSU]\MHĪGĪDMąQLH]DĞ]W\PLNWyU]\WDPMHĪGĪąDĪHE\]REDF]\ü
MDNWDPMHVW3U]HGZRMQąZVFKRGQLDDZLĊFJUDQLF]ąFD]=655F]ĊĞü3ROVNLE\áDQDM-
XERĪV]DD]DUD]HPQDMEDUG]LHMDQW\NRPXQLVW\F]QDZNDĪGHMZLRVFHNDĪG\PLDáNUHZ-
Q\FKSRGUXJLHMVWURQLHJUDQLF\NWyU]\QDJPLQQLHXFLHNDOLGR3ROVNLLOXG]LHZLHG]LHOL
MDNWDPMHVW
:UHV]FLH²ZNDĪG\PNUDMXNRPXQLVW\F]Q\PLVWQLHMHOLF]EDOXG]LFKFąF\FKSRSUR-
VWX RSXĞFLü NRPXQL]P UD] QD ]DZV]H 1LH ]QDF]\ WR ĪH OXG]LH FL Vą SU]HFLZQLNDPL
NRPXQL]PX DOH NRPXQL]P LFK ]D WDNLFK XZDĪD 2WZDUW\FK SU]HFLZQLNyZ NRPXQL]P
DTP by SHADE 88
WU]\PD Z ZLĊ]LHQLDFK ZREHF F]HJR NDĪG\ SU]HFLZQLN NRPXQL]PX VWDUD VLĊ XNU\ü WR
ĪHMHVWSU]HFLZQLNLHPQDZHWJG\VNáDGDSRGDQLHRSDV]SRUW]DJUDQLF]Q\/HF]NRPX-
QL]P]DPLDVWUR]WU]ąVDüNWRMHVWSU]HFLZQLNLHPDNWRQLHĞZLDGRPMDNZLHOXOXG]LJR
QLHOXEL]QDOD]áUR]ZLą]DQLHSURVWHLJHQLDOQHSRSURVWX]DPNQąáVZHJUDQLFHF]\QLąF
QDZHW]QDMSLĊNQLHMV]HJRNUDMXZLHONLHZLĊ]LHQLHGODW\FKZV]\VWNLFKNWyU]\FKFą]HĔ
Z\MHFKDü.DĪG\NWRĪ\áZNUDMXNRPXQLVW\F]Q\PQLHPDĪDGQ\FKZąWSOLZRĞFLĪHSU]\-
QDMPQLHMMHGQDWU]HFLDMHJRPLHV]NDĔFyZJRWRZDMHVWGRQDW\FKPLDVWRZHJRZ\MD]GX
JG\E\ LP QD WR ]H]ZRORQR *G]LH W\ONR LVWQLHMą PRĪOLZRĞFL XFLHF]NL OXG]LH SR SURVWX
XFLHNDMą8FLHNLQLHUyZ]NRPXQL]PXQDSU]HVWU]HQLODWMHJRLVWQLHQLDOLF]\üPRĪQD
PLOLRQ\]VDP\FK1LHPLHF:VFKRGQLFKXFLHNáRWU]\LSyáPLOLRQDOXG]LF]\OLEOLVNRMHGQD
F]ZDUWDOXGQRĞFL=DĞSUDZG]LZDZLHG]DRNRPXQL]PLHQLHPRĪHVRELHSR]ZROLüQDUR]-
SU]HVWU]HQLDQLHMHMRVRELH6WąGPXU\EHUOLĔVNLH]DPLQRZDQHJUDQLFHGUXW\NROF]DVWH
FLąJQąFHVLĊVHWNLW\VLĊF\NLORPHWUyZSV\LJQLD]GDNDUDELQyZPDV]\QRZ\FK:3ROVFH
ZRNUHVLHXPDFQLDQLDZáDG]\NRPXQLVW\F]QHMZROQRVLĊE\áRNąSDüW\ONRQDVSHFMDOQLH
Z\G]LHORQ\FK SODĪDFK QDG 0RU]HP %DáW\FNLP LQQH E\á\ ]DEURQRZDQH SU]H] SROLFMĊ
PLDáRWRQDFHOXXWUXGQLHQLHXFLHF]HNGR6]ZHFMLDOERZLHPĞODG\VWySQD]DEURQRZD-
Q\PSLDVNXSRPDJDá\SROLFMLZHZV]F]ĊFLXQDW\FKPLDVWRZHMSRJRQLMHĞOLMDNLĞĞPLDáHN
]GHF\GRZDáE\VLĊQDXFLHF]NĊWUDWZąOXEPRĪHZSáDZ«
:NRQVHNZHQFML5RVMDL&KLQ\GZDQDMZLĊNV]HNUDMHNRPXQL]PXVąVSRáHF]HĔVWZD-
PL]DPNQLĊW\PL:\MHĪGĪDMą]QLFKOXG]LHMHG\QLHZFHODFKSRGWU]\P\ZDQLDNRQWDNWyZ
ĪUHV]WąRĞZLDWDNWyUHZZLHNX;;VąQLHXQLNQLRQ\PWU\EXWHPQDU]HF]RJyOQROXG]NLHM
F\ZLOL]DFML 6ą WR Z\áąF]QLH OXG]LH JRGQL ]DXIDQLD SUDFRZQLF\ G\SORPDFML OXE KDQGOX
]DJUDQLF]QHJRRZ\SUyERZDQHMZLHUQRĞFLPDU\QDU]HORWQLF\OXG]LHNWyU\FKWU]HEDRG
F]DVXGRF]DVXJG]LHĞSRND]DüGODFHOyZSURSDJDQGRZ\FK²MDNSLDQLĞFLVSRUWRZF\
PDWHPDW\F\²RUD]WDMQLSROLFMDQFLGRLFKSLOQRZDQLD:\MHĪGĪDMąF\]RVWDZLDMą]UHJXá\
VZRMHURG]LQ\ZNUDMXFRMHVWQDMEDUG]LHM]DVDGQLF]\PZDUXQNLHPZ\GDQLDLPSDV]-
SRUWX]DJUDQLF]QHJRDOERZLHPNRPXQLVW\F]Q\ZáDGFDPLPRVZHMQRZRF]HVQRĞFLFLąJOH
VSUDZXMHVZąZáDG]ĊZRSDUFLXRSUDGDZQHPHWRG\MDNZW\PZ\SDGNXRZ\SUyERZD-
QąPHWRGĊ]DNáDGQLNyZ
,QDF]HMZ\JOąGD]DJDGQLHQLHRGVWURQ\NUDMyZ(XURS\ZVFKRGQLHM3RQLHSRNRMDFK
ZRNUHVLHSRVWVWDOLQRZVNLPSLHUZV]D3ROVND]GHF\GRZDáDVLĊQDZ\GDZDQLHSDV]SRUWyZ
OXG]LRP SUDJQąF\P RGZLHG]Lü VZH URG]LQ\ ]DJUDQLFą 3RG NRQLHF ODW SLĊüG]LHVLąW\FK
LQQHNUDMHSRV]á\]DMHMSU]\NáDGHP5]HF]MDVQDE\áRWRMDNE\]DSURV]HQLHGRH[RGXVX
2JURPQ\SURFHQWOXG]LXGDMąF\FKVLĊQD=DFKyGEąGĨGODZL]\WXNUHZQ\FKEąGĨ
GOD FHOyZ WXU\VW\F]Q\FK RGPDZLDá SRZURWX GR VZ\FK RMF]\]Q NRPXQLVW\F]Q\FK WH
MHGQDN MDNE\ SU]HVWDá\ VLĊ W\P SU]HMPRZDü %\ZDáR ĪH ]H VWDWNyZ ZLR]ąF\FK Z\-
FLHF]NL]5XPXQLLGR:áRFKXFLHNDáRZ\FLHF]NRZLF]yZ'ODF]HJRUHĪ\P\(XURS\
ZVFKRGQLHMX]QDá\]DVWRVRZQHRGVWąSLüRGMHGQHJR]QDMĞZLĊWV]\FKNDQRQyZZ\FKR-
ZDQLDVSRáHF]HĔVWZDZGXFKXNRPXQL]PXQLHMHVW]E\WMDVQH0RĪQDSU]\SXV]F]DüĪH
SHUPDQHQWQHNDWDVWURI\HNRQRPLF]QHNDĪąLPSDWU]HüQDHZHQWXDOQ\XE\WHNOXGQRĞFL
SU]\FK\OQ\PRNLHP%\üPRĪHXZDĪDMąRQHWHQRGSá\Z]DF]\QQLNUR]áDGRZ\ZDQLDSR-
OLW\F]QHMZURJRĞFLGODNWyUHJRZDUWRQDZHWU\]\NRZDüXFK\OHQLHNXUW\Q\LXV]F]HUENL
]DJUDQLF]QHMSURSDJDQG\1DWRPLDVWQRZ\WHQXNáDG]PLHQLá]DVDGQLF]RUROĊSDV]SRUWX
ZĪ\FLXPLHV]NDĔFyZNRPXQLVW\F]QHM(XURS\ZVFKRGQLHM3ROLFMDSROLW\F]QDZNWyUHM
JHVWLLOHĪ\Z\GDZDQLHJROXERGPDZLDQLHGRV]áDGRZQLRVNXĪHZ]PRG\ILNRZDQ\FK
ZDUXQNDFKVWDQRZLRQSRWĊĪQąEURĔSU]HFLZOXG]LRPLFKSUDZRPLLFKSV\FKLF]QHMUyZ-
QRZDG]H2GWąGSU]HVWDáRQE\üNRQVW\WXF\MQLHJZDUDQWRZDQ\PGRNXPHQWHPVWDáVLĊ
]DĞSU]HGPLRWHPQDJURG\OXENDU\:\JOąGDáRLRMXĪLQDF]HMQLĪ]DVWDOLQL]PXPDVR-
ZRĞüREURWXE\áDQLHSRUyZQDQLHZLĊNV]DOHF]G]LZQ\PWUDIHPQDMáDWZLHMRWU]\P\ZDOL
SDV]SRUWFLNWyU]\PRJOLJRRWU]\PDüL]D6WDOLQD]DĞQDMWUXGQLHMDOERZRJyOHQLH
FLNWyU\PZWHG\QLHZROQRQDZHWE\áRRQLPPDU]\ü5]HF]MDVQDĪDGQDSUDZRU]ąG-
QRĞüQLHUHJXOXMHSURFHVXZ\GDZDQLDF]\RGPRZ\ZZ\SDGNXWHMRVWDWQLHMQLHV]F]Ċ-
VQ\SHWHQWRWU]\PXMHV]DUDZ\GUXF]HNLQIRUPXMąF\JRĪHRGSRZLHGQLHZáDG]H²F]\OL
DTP by SHADE 89
SROLFMDSROLW\F]QD²SRVWDQRZLá\QLHZ\GDüPDSDV]SRUWX]DJUDQLF]QHJRX]DVDGQLDMąF
VZąGHF\]MĊSDUDJUDIHPQUXVWDZ\RSDV]SRUWDFKSDUDJUDI]DĞRLOHNWRĞFKFHJR
VSUDZG]LüZRGSRZLHGQLPGHNUHFLHXU]ĊGRZ\PZ\MDĞQLDĪHRGSRZLHGQLHZáDG]HPDMą
SUDZRGRQLHZ\GDQLDRLOHX]QDMąR]DZVND]DQH1DW\PVLĊU]HF]NRĔF]\RQLFS\WDü
MXĪZLĊFHMQLHZROQRLĪDGQDRGSRZLHGĨQLHLVWQLHMH
2G VWXOHFL SU]\Z\NOLĞP\ QD]\ZDü WUDJHGLą SHZQH UR]ZLą]DQLD HVFKDWRORJLF]QH
WRWHĪ IDNW ĪH NWRĞ QLH PRĪH Z\MHFKDü ]DJUDQLFĊ MDNRĞ GR SRMĊFLD WUDJHGLL QLH SU]\-
OHJD /HF] HOHPHQW\ WUDJHGLL SRGGDQH Vą KLVWRU\F]Q\P SU]HZDUWRĞFLRZDQLRP L QRZD
QLHXFKURQQRĞüNDWDVWURIVXSHUVRQLF]QD]HPVWDORVXF]\F\EHUQHW\F]Q\IDWDOL]PPRJą
ZVWU]ąVDüFKDUDNWHUDPLLáDPDüPRUDOQRĞüQLHJRU]HMRGPRMU\(G\SD0RĪQDVRELHWHG\
EH] WUXGX Z\REUD]Lü WUDJHGLĊ R PLHV]NDĔFX NRPXQLVW\F]QHJR NUDMX Z NWyUHM RGPR-
ZDZ\GDQLDSDV]SRUWXSURZDG]LGRZ\GDU]HĔUyZQLHNUZDZ\FKLQLHRGZUDFDOQ\FKMDN
X6]HNVSLUD=FKZLOąJG\SDV]SRUWVWDáVLĊGRZRGHPRFHQ\F]áRZLHNDSU]H]SDĔVWZR
Z\PLDUHP MHJR V\WXDFML Z UDPDFK V\VWHPX Z NWyU\P DSUREDWD OXE SRWĊSLHQLH VWDMH
VLĊ QDF]HOQ\P HOHPHQWHP OXG]NLHJR SU]H]QDF]HQLD VSUDZD SDV]SRUWX XUDVWD GR UR]-
PLDUXSLHUZLDVWNRZ\FK]DJDGQLHĔE\WX-HVWZ\URNLHPZ\GDQ\PEH]VąGXEH]RVNDU-
ĪHQLDEH]PRĪOLZRĞFLREURQ\EH]GRZRGyZZLQ\EH]ĞZLDGNyZ-HG\QHS\WDQLHMDNLH
]DGDüVRELHF]áRZLHNPRĪHSRRWU]\PDQLXRGPRZ\MHVWGODF]HJR"1DS\WDQLHWRQLJG\
QLHRWU]\PDRGSRZLHG]LDOERZLHPGHF\]MHSROLFMLSROLW\F]QHMVąWDMHPQLFąSDĔVWZRZą
QDZHWMDNGRW\F]ą±HWQLHJRG]LHFNDF]\±OHWQLHJRVWDUFD
/XG]LHRZ\SUyERZDQHMSRVWDZLHZURJyZNRPXQL]PX²D]GDU]DMąVLĊWDF\ZĞUR-
GRZLVNDFK LQWHOHNWXDOQROLWHUDFNR±DUW\VW\F]Q\FK ² ZLHG]ą SU]\QDMPQLHM GODF]HJR QLH
RWU]\PXMąSDV]SRUWXFRF]\QLLFKĪ\FLHQDSHZQRMDNRĞEDUG]LHMVHQVRZQHRLOHFKFą
Z\MHFKDüLQLHPRJą/HF]]Z\Ná\]MDGDF]FKOHEDEH]DPELFMLSU]HFLZVWDZLDQLDVLĊNR-
PXQL]PRZLFKFąF\SU]HĪ\üVZHĪ\FLHZPDNV\PDOQHMVHSDUDFMLRG]DJDGQLHĔE\WXVSR-
áHF]QHJRRWU]\PDZV]\RGPRZĊSRSDGDZURG]DMSDUDQRL-HVWZ\]E\W\XF]XüLQQ\FK
SR]DGUĊF]ąF\PS\WDQLHPGODF]HJR"1LHZLHRQQLFRVZHMZLQLHERQLNWJRRQLFQLH
RVNDUĪ\áDQLPXĪDGQHMZLQ\QLHGRZLyGá0LPRWRMHVWF]HJRĞZLQQ\ERQLHRWU]\PDá
SDV]SRUWX1LHZLHRFRMHVWRVNDUĪRQ\FRVWZDU]DQLHVNRĔF]RQRĞüPRĪOLZ\FKRVNDUĪHĔ
WDNĪHIDáV]\Z\FKOHF]MDNEURQLüVLĊSU]HGQLPLVNRURQLHZLHVLĊ]DFRVLĊRGSRZLDGD"
3RZROLZXP\ĞOHMHJRURG]LVLĊSU]HNRQDQLHĪHVDPIDNWLĪVZHMZLQ\QLH]QDQLHVWD-
QRZLRW\PĪHMHMQLHPDOHF]W\ONRMHJRYRWXPQLHXIQRĞFLGODW\FKNWyU]\RMHJRZLQLH
Z\URNXMą6WąGMHVWMXĪW\ONRNURNGRWHJRDE\SRF]XüVLĊZLQQ\PERZLHPRQLX]QDOL
NRJRĞ]DZLQQHJR.WRVąRQLLFRMHVWZLQDSR]RVWDMH]DVáRQLĊWHNDINRZVNLPPXUHP
WDMHPQLF]HMQLHZLHG]\NWyUHMOHSLHMQLH]JáĊELDüQLHUR]SUDV]DüQLHSU]HQLNDü1LNWNWR
WHJRVWDQXXF]XüLXP\VáXQLHSU]HĪ\áQLHMHVWZVWDQLHJR]UR]XPLHü.U\MHVLĊZQLP
RGPĊWXGUĊN]DUyZQRZVW\GOLZ\FKMDNLVXEWHOQ\FKNU\MąVLĊWRUWXU\VHUFDLUR]XPX
SV\FKRSDW\F]QH VWDQ\ ]ZąWSLHĔ W\P FLĊĪV]\FK ĪH ]XSHáQLH QLHSU]HND]\ZDOQ\FK W\P
NWyU]\VLĊ]WąNRQG\FMąQLH]HWNQĊOL:NDWXV]DFKW\FKEUDNMHVWSDWRVXLV]ODFKHWQRĞFL
FDáHM Z]QLRVáRĞFL FLHUSLHĔ XĞZLĊFRQ\FK WUDG\FMą ZVSyáF]Xü SRGWU]\PXMąF\FK JRGQRĞü
FLHUSLąFHJR 2VWDWHF]QLH MHVW WR W\ONR ZDOND R VNUDZHN SDSLHUXSR]ZDODMąF\ QD SRUX-
V]DQLHVLĊSRPLĊG]\MHGQ\PPLHMVFHPQD]LHPLDGUXJLP&]\OLFRĞFRZQRUPDOQ\FK
VSRáHF]HĔVWZDFKX]\VNXMHVLĊSRSLĊWQDVWXPLQXWDFKVWDQLDZNROHMFHGRRGSRZLHGQLH-
JR RNLHQND &LHUSLHQLH WR WDN QLV]F]\ GXV]Ċ MDN QLHSU]HZLHWU]DQH ZQĊWU]H ZLĊ]LHQQH
QLV]F]\FLDáRFHUĊLRGGHFK
:(XURSLHZVFKRGQLHM&\JDQNLQDSDVWXMąFHOXG]LZSDUNDFKDE\LPSRZUyĪ\üQLH
]DF]\QDMą RG U\WXDOQ\FK VáyZ Ä%RJDW\ EĊG]LHV]« QD ORWHULL Z\JUDV]« ]D PąĪ Z\M-
G]LHV]´²W\ONRRGÄ:\MHG]LHV]]DJUDQLFĊZQLHGáXJLPF]DVLH«´
.
-DNE\üĪ\GHP
.
&LĊĪNRMHVWE\üĪ\FLHPZNRPXQL]PLH8WDUáRVLĊZĞZLDGRPRĞFLOXGyZ]ZáDV]F]D
ZHXURSLHĪHĩ\G]LVąWąF]ĊĞFLąVSRáHF]HĔVWZNWyUDSUDJQLHNRPXQL]PXGODZáDVQ\FK
DTP by SHADE 
HJRLVW\F]Q\FKFHOyZ3RZRG\WHJRPĊWQLHXĞZLDGRPLRQHJRQLJG\GRNRĔFDQLHZ\WáX-
PDF]RQHJRSHáQHJRVSU]HF]QRĞFLOHF]XSDUWHJRSU]HĞZLDGF]HQLDVąOLF]QHL]áRĪRQH
:DĪQLHMV]H MHGQDN RG Z\MDĞQLDQLD SRZRGyZ MHVW XMDZQLHQLH NRQVHNZHQFML SU]HVąGX
ĩ\GZNUDMXZNWyU\PNRPXQL]PGRV]HGáGRZáDG]\EH]Z]JOĊGXQDWRMDNLMHVWMHJR
RVRELVW\VWRVXQHNGRNRPXQL]PX]DF]\QDĪ\üZDWPRVIHU]HSV\FKRPRUDOQHMSDWRORJLL
&LĞQLHQLHOXGRZHMZLDU\ZRUJDQLF]Q\]ZLą]HNĩ\GyZ]NRPXQL]PHPMHVWWDNSRWĊĪQH
ĪHFRNROZLHNG]LHMHVLĊQDZHWZQDMRGOHJOHMV]HMRGQLHJRVIHU]HĪ\FLDĩ\GF]XMHVLĊ]D
WRZLQLHQ&]HFK5RVMDQLQ3RODNGRĞZLDGF]DMąNRPXQL]Pĩ\GSU]\MPXMH]DĔRGSRZLH-
G]LDOQRĞü²QDZHWJG\NRPXQL]PXQLHQDZLG]LLGRVWU]HJDZQLPVZHJRĞPLHUWHOQHJR
ZURJD
*HQHUDOQą ZáDĞFLZRĞFLą NRPXQL]PX MHVW ĪH WDP JG]LH VLĊ SRMDZLD VWDZLD VZ\FK
SUDNW\NXMąF\FKZ\]QDZFyZZV\WXDFMDFKMHGQR]QDF]Q\FKLEH]NRPSURPLVRZ\FKNWy-
U\FKMHG\Q\PQDVWĊSVWZHPMHVWWRWDOLWDUQ\JZDáWF]ĊVWR]EURGQLD:MĊ]\NXRILFMDOQ\P
QD]\ZD VLĊ WR DNW\ZQą REURQą LGHL OXE ZDONą LGHRORJLF]Qą L EXG]L ĞOHSą QLHQDZLĞü
LĞPLHUWHOQ\RSyUZRSDQRZ\ZDQ\FKQDURGDFK6NRUR]DĞZĞZLDGRPRĞFLOXGyZXWDUáR
VLĊUD]QD]DZV]HĪHNRPXQL]PMHVWVSUDZąĪ\GRZVNąĩ\G]L]RVWDMąDXWRPDW\F]QLH
LQNRUSRURZDQLMDNRFDáRĞü²HWQLF]QDUDVRZDUHOLJLMQDQDGHZV]\VWNR]DĞRGUĊEQD²
ZSRMĊFLHSU]HFLZNWyUHPX]ZUDFDVLĊREURQQDLSRZV]HFKQDQLHQDZLĞüGRZRMXMąFHJR
NRPXQL]PX6WąGZ;;±ZLHF]Q\PNRPXQL]PLHV\WXDFMDMHVWLGHQW\F]QDMDNZĞUHGQLR-
ZLHF]XJG\ĩ\G]LDSULRULRGSRZLHG]LDOQLE\OL]DHSLGHPLHQLHXURG]DMWU]ĊVLHQLD]LHPL
LSRZRG]LH
:\QDWXU]HQLDĞZLDGRPRĞFLVSRáHF]QHMVąU]HF]ą]áRZURJąLSURZDG]ąFąGRKLVWR-
U\F]Q\FKWUDJHGLL%DGDQLHLFKSU]\F]\QMHVWVNRPSOLNRZDQHLWUXGQHFRF]ĊVWRSURZD-
G]LGRSUyEZ\MDĞQLDQLDLFKPLWRORJL]DFMą]MDZLVNĩ\G]LQLHVąZROQLRGWHQGHQFMLGR
RGZUDFDQLD]DVDG\SU]\F]\QRZRĞFLLF]ĊVWRNURüVNáRQQLVąGRXSDWU\ZDQLDZDQW\VHPL-
W\]PLH]MDZLVNDVSRáHF]QLHEH]SU]\F]\QRZHJRZ\MDĞQLDOQHJRZ\áąF]QLHSU]\SRPRF\
DEVROXW\]DFMLRGUĊEQRĞFLLQLHQDZLĞFL=ZLą]HNĩ\GyZ]NRPXQL]PHPMHVWMHGQDN]MD-
ZLVNLHPUyZQLHNRQNUHWQ\PMDNIDWDOQ\P1DZHWQDMEDUG]LHMLUUDFMRQDOQHLZXOJDUQHLQ-
WHUSUHWDFMHWHJR]ZLą]NXQLH]DNRU]HQLDá\VLĊZĞZLDGRPRĞFLHXURSHMVNLHJRSRVSyOVWZD
EH]SRZRGX
0DUNVL]PMHVWSáRGHPĩ\GD'RMHJRQDMZDĪQLHMV]\FKLQDMZF]HĞQLHMV]\FKDSRORJH-
WyZLERMRZQLNyZQDOHĪHOLĩ\G]L-HJRQDMZSá\ZRZV]\PLUHIRUPDWRUDPLE\OLĩ\G]L5R-
V\MVNLEROV]HZL]PLNRPXQL]PSURNODPXMąFVLĊ²VáXV]QLHF]\QLHVáXV]QLH²MHG\Q\P
NRQVHNZHQWQ\P NRQW\QXDWRUHP PDUNVL]PX NV]WDáWRZDQ\ E\á Z GXĪHM PLHU]H SU]H]
ĩ\GyZ:SRUHZROXF\MQHM5RVMLĩ\G]LREMĊOLZDĪQHVWDQRZLVNDGHF\GXMąFHF]ĊVWRNURü
RSUDNW\FH²NUZDZHMLDQW\OXG]NLHM²NRPXQL]PX:NUDMXLSRĞUyGQDURGXZNWy-
U\P DQW\VHPLW\]P E\á DQLPDOLVW\F]Q\P LQVW\QNWRZQ\P RGUXFKHP VDPR VáRZR ]DĞ
ĩ\GVWDQRZLáRV\QRQLPSRJDUGOLZHMREHOJLGRQDMZLGRF]QLHMV]\FKLQDMEDUG]LHMRVWHQ-
WDF\MQ\FK SURSDJDWRUyZ NRPXQL]PX QDOHĪHOL ĩ\G]L :F]HĞQLH WHĪ URV\MVF\ NRPXQLĞFL
]RULHQWRZDOL VLĊ ĪH QLH ]GRáDMą Z VSRVyE GRUDĨQ\ L Z RNUHĞORQ\P F]DVLH ]OLNZLGRZDü
QLHQDZLĞFL GR ĩ\GyZ ]DVNRUXSLDáHM Z GXV]\ URV\MVNLHM SU]H] VWXOHFLD 3RZVWDá WHG\
NRQIOLNWSRPLĊG]\SU\QF\SLDOQRĞFLąDWDNW\NąUR]VWU]\JQLĊW\V]\ENRQDU]HF]WDNW\NL]D
]JRGąPLDURGDMQ\FKĩ\GyZ,WDNJG\WDNLQS%HEHOL%HUQVWHLQQRVLOLVZHĪ\GRZVNLH
QD]ZLVND]JRGQRĞFLąSUDZG]LZHMZLDU\ZZ\]QDZDQHLGHDá\URV\MVF\ĩ\G]L²NRPXQL-
ĞFLX]QDOLĪHGODGREUDUHZROXFMLQDOHĪ\SRĞZLĊFLüJRGQRĞüPRUDOQRĞFLLIXQGDPHQWD-
OL]PX6WąG7URFNL5DNRZVNL6ZLHUGáRZ=LQRZLHZ.DPLHQLHZ/LWZLQRZ5DGHNLWDN
GDOHM 7U]HED E\áR MHGQDN GRSLHUR -y]HID 6WDOLQD ² UyZQLHĪ F]áRZLHND R ]PLHQLRQ\P
QD]ZLVNX²E\XĞZLDGRPLüĩ\GRPLFKEáąGLSU]HNXüWDNW\NĊZáDMGDFWZR:LĊFXF]\QLü
UD] MHV]F]H ] DQW\VHPLW\]PX LQVWUXPHQW SROLW\F]Q\FK SU]HQLHZLHUVWZ UyZQLH DEVXU-
GDOQ\MDN]DEyMF]\3RUD]SLHUZV]\WHĪZKLVWRULLDQW\VHPLW\]PX6WDOLQRVLąJQąáU]HF]
QLH]Z\NáąSODQRZDáLXUXFKRPLáSU]HĞODGRZDQLDĩ\GyZRSU]HUDĪDMąFHMLQWHQV\ZQRĞFL
XQLNDMąFMHGQRF]HĞQLHQDSLĊWQRZDQLDLFKMDNRDQW\VHPLW\]PSU]H]SRNDĨQąLORĞüĩ\GyZ
QDFDá\PĞZLHFLH7\FKĩ\GyZNWyU]\FLąJOHáXG]LOLVLĊLMHV]F]HáXG]ąĪHRFDOHQLHMHVW
DTP by SHADE 91
ZPDUNVL]PLHF]\OLZQDXFHMHGQHJR]QLFKNWyUąWDNáDWZRE\áRVNLHURZDüSU]HFLZNR
QLPVDP\P
3HUILGLD6WDOLQDZRSHURZDQLXDQW\VHPLW\]PHPEXG]L]GXPLHQLHSURVWRWąSRP\VáX
JáĊELą KLVWRU\F]Q\FK SHUVSHNW\Z RUD] ]LPQą PRUGHUF]RĞFLą SU]HZ\ĪV]DMąFą Z VZHM
SUHF\]ML WRSRUQRĞü KLWOHURZVNLHM ]DJáDG\ .UDMH (XURS\ ZVFKRGQLHM Vą WUDG\F\MQLH DQ-
W\VHPLFNLH DF]NROZLHN Z VSRVyE UyĪQ\ RG SRJURPRZHM ]ZLHU]ĊFRĞFL URV\MVNLHJR DQ-
W\VHPLW\]PX3RGNRQLHFĞUHGQLRZLHF]DNUyORZLHSROVF\]DRILDURZDOLĩ\GRPWĊSLRQ\P
LSU]HĞODGRZDQ\PZ(XURSLH]DFKRGQLHMVFKURQLHQLHLSU]\ZLOHMH3U]H]F]WHU\VWXOHFLD
3ROVNDE\áDRĞURGNLHPNZLWQąFHMF\ZLOL]DFMLDV]NHQD]\MVNLHMRJDUQLDMąFHMVZ\P]DVLĊ-
JLHP1LHPF\$XVWULĊ&]HFK\:ĊJU\/LWZĊĩ\G]LQLHUR]WDSLDMąFVLĊZRWDF]DMąF\FK
VSRáHF]QRĞFLDFK]GRE\OLZQLFKVLOQąSR]\FMĊHNRQRPLF]QąFRZNRĔFXZZLHNX;,;
SU]HNV]WDáFLáR GRW\FKF]DVRZH DQLPR]MH UHáLJLMQR±RE\F]DMRZH Z RVWU\ DQW\VHPLW\]P
RSRGáRĪXJRVSRGDUF]\P]ZáDV]F]DZ3ROVFHJG]LHOLF]EDĩ\GyZGRV]áDGRRJyO-
QHM OLF]E\ OXGQRĞFL 3RGREQLH SU]HGVWDZLDáD VLĊ V\WXDFMD GHPRJUDILF]QD QD :ĊJU]HFK
L Z 5XPXQLL : NUDMDFK W\FK GR U]DGNRĞFL QDOHĪDá\ Z\SDGNL IL]\F]QHJR Z\QLV]F]DQLD
ĩ\GyZQLH]QDQHE\á\SRJURP\QDVNDOĊXNUDLĔVNR±URV\MVNą1LHPQLHMEDULHUDVSRáHF]-
QR±RE\F]DMRZDVS\FKDáDĩ\GyZQDPDUJLQHVĪ\FLDRJUDQLF]DQRLPPRĪOLZRĞFLUR]ZRMX
]DP\NDQRSU]HGQLPLGRVWĊSGROLF]Q\FKSyOG]LDáDOQRĞFLL]DZRGyZ5RVQąFDZOLF]EĊ
L]QDF]HQLHLQWHOLJHQFMDSRFKRG]HQLDĪ\GRZVNLHJRQLHRWU]\P\ZDáDUyZQ\FKSUDZ]D-
ZRGRZ\FKSRGOHJDáDUHVWU\NFMRPLV]\NDQRP7HQVWDQU]HF]\]ELHJáVLĊQDSU]HáRPLH
VWXOHFLD ] QDUDVWDQLHP UXFKyZ VSRáHF]Q\FK LGHM VRFMDOLVW\F]Q\FK L ĞZLDGRPRĞFL SROL-
W\F]QHM NODV SUDFXMąF\FK 0DUNVL]P L MHJR SRFKRGQH ]DSHZQLDá\ R VZ\P QLHXJLĊW\P
GąĪHQLXGRHOLPLQDFMLQDFMRQDOL]PyZUyĪQLFHWQLF]Q\FKLSU]\ZLOHMyZQDQLFKRSDUW\FK
QLFZLĊFG]LZQHJRĪH]DUyZQRVSDXSHU\]RZDQHPDV\Ī\GRZVNLHMDNLQLH]QDMGXMąFD
XMĞFLDGODVZ\FKPRĪOLZRĞFLLQWHOLJHQFMDXMU]Dá\ZVRFMDOL]PLHDSyĨQLHMZNRPXQL]PLH
NRQVHNZHQWQHJR Z VáRZDFK Z\EDZLFLHOD L ]DVLODá\ SDUWLH PDUNVLVWRZVNLH Z SURSRUFML
GDOHNRZ\ĪV]HMQLĪDXWRFKWRQLF]QHVSRáHF]HĔVWZD:WHQVSRVyESRZVWDáZDQW\VHPLF-
NLHMĞZLDGRPRĞFLQDURGyZZVFKRGQLRHXURSHMVNLFKDPELZDOHQWQ\REUD]ĩ\GDSOXWRNUDW\
LNRPXQLVW\NDSLWDOLVW\F]QHJRZ\]\VNLZDF]DLEH]ERĪQHJRZ\ZURWRZFDZMHGQHMRVR-
ELH 1DVWURMH DQW\VHPLFNLH SRWĊJRZDá\ VLĊ Z RNUHVLH PLĊG]\ZRMHQQ\P VW\PXORZD-
QHEOLVNRĞFLąKLWOHURZVNLFK1LHPLHFLLFKPLWRORJL]DFMąDQW\VHPLW\]PXVDQNFMRQXMąFą
QDGFLąJDMąFH OXGREyMVWZR -HGQRF]HĞQLH Z]UDVWDá\ QDVWURMH SURNRPXQLVW\F]QH ZĞUyG
ĩ\GyZNWyU\PQLHGDOHNDOHF]GRNáDGQLHL]RORZDQD5RVMDZ\GDZDáDVLĊUDMHPZROQRĞFL
LUyZQRXSUDZQLHQLD-XĪZWHG\OLF]QLĩ\G]L²IDQDW\F]QLNRPXQLĞFL²VSHáQLDOLIXQNFMH
VRZLHFNLHMSLąWHMNROXPQ\SRWĊJXMąFZURJRĞüZ3RODNDFKF]\5XPXQDFKĞOHSL]DĞQD
SUDZGĊR=655JG]LHV\MRQL]PE\á]DND]DQ\EH]F]HV]F]RQRV\QDJRJLDNDĪG\RE\ZD-
WHOSRFKRG]HQLDĪ\GRZVNLHJRPXVLDáPLHüQDURGRZRĞüĪ\GRZVNąZSLVDQąGRSDV]SRUWX
QDZHW MHĞOL XZDĪDá VLĊ ]D 5RVMDQLQD OXE W\ONR F]áRZLHND 1DVWąSLáD LQZD]MD +LWOHUD QD
3ROVNĊĩ\G]L]DF]ĊOLPDVRZRXFLHNDüGR5RVML6RZLHFNLHMJG]LHLFKSU]\MPRZDQREH]
WUXGQRĞFL&]HNDáWDPQDQLFK6WDOLQ]HVZRLPSODQHP
:SLĊüODWSyĨQLHMJG\$UPLD&]HUZRQDSU]\VWĊSRZDáDGRVRZLHW\]RZDQLD(XURS\
ZVFKRGQLHMQDF]HOHF]HFKRVáRZDFNLHMHNLS\SDUW\MQHMVWDáĩ\G:ĊJU\NQHEORZDáĩ\G
Z5XPXQLLU]ąG]LáDĩ\GyZNDD3ROVNDPLDáDXZáDG]\ILJXUDQWD3RODND]DNWyU\PQD
ZĊ]áRZ\FKSR]\FMDFKVWDOLĪ\GRZVF\NRPXQLĞFLZ\SHáQLDMąF\]IDQDW\F]Q\PRGGDQLHP
QDMEH]Z]JOĊGQLHMV]HUR]ND]\.UHPOD=DSU]\ZyGFDPL]DĞVWDá\ORMDOQHV]HUHJLNRPX-
QLVWyZĪ\GRZVNLHJRSRFKRG]HQLDNWyU]\MHG\QLHE\OLZVWDQLHXUXFKRPLüJRVSRGDUNĊ
L DGPLQLVWUDFMĊ Z 3ROVFH 5XPXQLL QD :ĊJU]HFK ² F]\OL Z NUDMDFK FKáRSVNR±GUREQR-
PLHV]F]DĔVNLFKZNWyU\FKDQW\NRPXQL]PE\áURG]DMHPRJyOQRQDURGRZHMUHOLJLL2F]\P
6WDOLQZLHG]LDá,ZLHG]LDáĪHW\ONRIDQDW\F]QLHRGGDQLNRPXQL]PRZLĩ\G]LPRJą]URELü
GODĔWĊZVWĊSQąLQLH]E\WF]\VWąURERWĊ²FRE\áRF]ĊĞFLąQUSODQX
&]\ĩ\G]LZVZHMPDVLH]GDZDOLVRELHVSUDZĊ]WHJRGRF]HJRE\OLSU]H]QDF]HQL"
:LFKJUXSRZHMĞZLDGRPRĞFLQDSHZQRLVWQLDáRMDNLHĞUR]H]QDQLHNDWDVWURI\MDNDPLDáD
VWDü VLĊ LFK XG]LDáHP MDNR QDVWĊSVWZR XSU]HGQLHM NDWDVWURI\ 'OD ZLHOX ] QLFK 5RVMD
DTP by SHADE 
6RZLHFND ² NWyUą SR]QDZDOL RG MHM QDMJRUV]HM VWURQ\ QD 6\EHULL L Z .D]DFKVWDQLH ²
E\áDSRQXU\PRWZLHUDMąF\PRF]\GRĞZLDGF]HQLHP'RZRGHPWHJRMHVWĪHSRQDGWU]\
F]ZDUWHĩ\GyZNWyU]\ZUyFLOL]5RVMLGR3ROVNLQDW\FKPLDVWSRZRMQLHUyZQLHQDW\FK-
PLDVWUXV]\áRZGURJĊQD=DFKyGJáyZQLHGR3DOHVW\Q\GDMąFW\PVDP\PQDMOHSV]H
ĞZLDGHFWZRVZHJRVWRVXQNXGRNRPXQL]PX/HF]NRPXQLĞFLSR]RVWDOLQLHQDXF]\OLVLĊ
Z5RVMLQLF]HJRQLH]DXZDĪ\OLORVXVZ\FKĪ\GRZVNR±QLHPLHFNLFKWRZDU]\V]\NWyU\FK
6WDOLQZ\GDáZUĊFH*HVWDSRZRNUHVLHIOLUWX0RáRWRZ±5LEEHQWURSZLHU]\OLQDGDOĪHFHO
XĞZLĊFDĞURGNLZQLHVNDODQąF]\VWRĞüLGHLNWyUHMĪDGQDQLNF]HPQRĞüQLH]EUXG]L0LHOL
SU]HGVREą3ROVNĊ:ĊJU\F]\5XPXQLĊZNWyU\FKNRPXQL]PREDOLáZV]HONLHEDULHU\
SRFKRG]HQLD UHDOL]XMąF ZLHORZLHNRZH PDU]HQLD ĩ\GyZ R EH]ZDUXQNRZHM DEVROXWQHM
HPDQF\SDFMLLUyZQRXSUDZQLHQLX3RVáXJLZDQLHVLĊPQLHMV]RĞFLDPLQDURGRZ\PLZFHOX
NRQWUROL QDG SDUWLą NRPXQLVW\F]Qą ZáDĞQLH REHMPXMąFą JG]LHĞ ZáDG]Ċ MHVW FKZ\WHP
EH]EáĊGQ\PVWZDU]DSR]yUEH]NRPSURPLVRZHMHPDQF\SDFMLGRW\FKF]DVRZ\FKXSRĞOH-
G]RQ\FK D ]DUD]HP VWDZLD LFK Z áDĔFXFKRZHM ]DOHĪQRĞFL RG 0RVNZ\ NWyUD MHG\QLH
MHVWZVWDQLHFKURQLüLFKZ\QLHVLHQLHSU]HGQLHQDZLĞFLąLJQLHZHPDXWRFKWRQyZ6WąG
/LWZLQL%LDáRUXVLQLL8NUDLĔF\GRPLQRZDOLZSROVNLHMSDUWLLNRPXQLVW\F]QHMZSRF]ąWNR-
Z\PRNUHVLHLQVWDORZDQLDZáDG]\NRPXQLVW\F]QHMZ3ROVFH:ĊJLHUE\áZLFHSUHPLHUHP
Z5XPXQLL6áRZDNQD:ĊJU]HFKĩ\G]L²ZV]ĊG]LH=QDGJRUOLZ\P]DSDáHPU]XFLOLVLĊ
GRVRZLHW\]RZDQLDZVFKRGQLRHXURSHMVNLFKVSRáHF]HĔVWZGREXGRZDQLDVRFMDOL]PXGR
]DFLHĞQLDQLDNRPXQLVW\F]QHMSĊWOLQDV]\MDFKQDURGyZVWDU\FKRGSRUQ\FKQDSU]HPRF
LGRĞZLDGF]RQ\FKZZDOFHRSV\FKLF]QąQLHSRGOHJáRĞü
6Z\P ]HODQFWZHP SU]HNUHĞODOL QDMZLĊNV]ą V]DQVĊ MDNą PLHOL ĩ\G]L QD W\FK WHUH-
QDFKRGĞUHGQLRZLHF]D0LPRWUDG\F\MQHJRDQW\VHPLW\]PXERZLHPVSRáHF]HĔVWZDWH
F]Xá\VLĊZVZHMZLĊNV]RĞFLZVWU]ąĞQLĊWH]EURGQLDPL+LWOHUDZUD]]OLF]Q\PLGRZRGD-
PLKDQLHEQ\FKQDGXĪ\üDQW\VHPLFND3ROVNDGDáDGRZRG\OLF]Q\FKDNWyZERKDWHUVWZD
L VDPR]DSDUFLD Z UDWRZDQLX ĩ\GyZ PLPR ĪH QLHPLHFND SUDNW\ND RNXSDF\MQD ZREHF
3RODNyZQRVLáDFHFK\OXGREyMVWZDLUR]VWU]HOLZDQLHFDá\FKURG]LQSROVNLFK]DXNU\ZDQLH
ĩ\GyZE\áRQDSRU]ąGNXG]LHQQ\P$QW\VHPLW\]PDF]NROZLHNFLąJOHREHFQ\GRJDVDá
ZVZRLFKĨUyGáDFKĩ\G]LZUDFDOLZIRUPLHV]F]ąWNRZHMQLHVWDQRZLąFMXĪ]DJURĪHQLD
DQLGHPRJUDILF]QHJRDQLJRVSRGDUF]HJR5RVá\QRZHSRNROHQLDDXWRFKWRQyZQLH]QD-
MąF\FK]DJDGQLHQLDĪ\GRZVNLHJRLQDF]HMQLĪMDNRSU]\NáDGXKLWOHURZVNLHJREHVWLDOVWZD
:W\FKZDUXQNDFKHNVSRQRZDQ\VHUZLOL]PXĩ\GyZ±NRPXQLVWyZZVáXĪELHVRZLHFNLHJR
LPSHULDOL]PXVSUDZLDáZUDĪHQLHVDPREyMF]HJRREáĊGX0LNURE\DQW\VHPLW\]PX]DF]Ċ-
á\ RGĪ\ZDü L URVQąü QD QRZHM SRĪ\ZFH PLPR RILFMDOQ\FK NRQGHPQDW L WU]HED E\áR
WRQąü Z ]XSHáQ\P ]DĞOHSLHQLX E\ VąG]Lü ĪH LFK ]DEyMF]D VLáD QLH ]RVWDQLH ZF]HĞQLHM
F]\SyĨQLHMZ\NRU]\VWDQDSU]H]NRPXQLVWyZGODLFKSROLW\F]Q\FKFHOyZ-DNGDOHFHLGH-
RZ\ĩ\G±NRPXQLVWDVWDQRZLáW\ONRĞOHSHQDU]ĊG]LH6WDOLQDRND]DáRVLĊZNUyWFH3U]\-
VWĊSXMąFGRJHQHUDOQHMUR]SUDZ\]SU]\ZyGFDPLZVFKRGQLRHXURSHMVNLHJRNRPXQL]PX
NWyUHMFHOHP²ZREOLF]XVFKL]P\7LW\²E\áRXVWDQRZLHQLH]DVDG\EH]ZDUXQNRZHJR
SRVáXV]HĔVWZDSU]\SRPRF\WHUURUX6WDOLQND]DáXZLĊ]LüLVWUDFLüSLHUZV]HJRVHNUHWD-
U]DSDUWLLF]HFKRVáRZDFNLHM5XGROID6ODQVN\¶HJR&]áRZLHNNWyU\VSĊG]LáVZHĪ\FLHQD
ZDOFH ]H V\MRQL]PHP RVNDUĪRQ\ ]RVWDá R WR ĪH E\á WDMQ\P DJHQWHP PLĊG]\QDURGR-
ZHJRĪ\GRVWZDZáRQLHUXFKXNRPXQLVW\F]QHJR2GWąGVáRZRĩ\GVWDáRVLĊWHUPLQHP
SROLW\F]Q\P Z ZHZQąWU]SDUW\MQ\FK UR]JU\ZNDFK ZVFKRGQLRHXURSHMVNLFK NRPXQLVWyZ
$QW\VHPLW\]PRWU]\PDáXU]ĊGRZ\JOHMWGODVZHJRSRGVNyUQHJRLVWQLHQLD,WRE\áDF]ĊĞü
GUXJDSODQX
&]ĊĞüWU]HFLDUR]HJUDáDVLĊQLHGDZQRGDMąFĞZLDGHFWZRSROLW\F]QHMSU]HQLNOLZRĞFL
6WDOLQD L UR]OHJáRĞFL MHJR SHUVSHNW\Z Z SODQRZDQLX ]áD 3R]ZDOD WHĪ ZQLNQąü Z MHJR
PURF]QHSU]HF]XFLDFRGRORVyZLGHLZLPLĊNWyUHMZ\PRUGRZDáW\OXOXG]L(UR]MDLP-
SHULXPZQLHVSHáQDSLĊWQDĞFLHODWSRĞPLHUFLMHJREXGRZQLF]HJR]GDMHVLĊQLHXOHJDü
ZąWSOLZRĞFL3URFHVGH]LQWHJUDFMLMHVW]áRĪRQ\LSRZROQ\OHF]Z\UDĨQ\GODREVHUZDWRUD
QLH ]DĞOHSLRQHJR ZLDUą 6SU]HF]QRĞFL QDURGRZH JRVSRGDUF]H VRFMDOQH VSUDZLDMą ĪH
RUJDQL]P LPSHULXP ZLRWF]HMH Z WáXPLRQ\FK OHF] QLHXVWDQQLH RGQDZLDMąF\FK VLĊ VFKL-
DTP by SHADE 93
]PDFKLLGHRORJLF]Q\FKKHUH]MDFK6SDGNRELHUF\PDV\XSDGáRĞFLRZHMRVF\OXMąFKZLHMQLH
SRPLĊG]\REáXGQ\PSVHXGROLEHUDOL]PHPLSVHXGRRĞZLHFRQ\PDEVROXW\]PHPSRPLĊ-
G]\ QLHXGROQ\PL PLUDĪDPL SUDJPDW\F]QHJR NRQVXPSFMRQL]PX WU]\PDQHJR Z V]DFKX
SU]H]UHSUHV\ZQ\ELXURNUDW\F]Q\DXWRNUDW\]P:ĞUyGEXQWXMąF\FKVLĊSU]HFLZGHJH-
QHUDFMLLGHLLXVWURMXVąMXĪWHUD]UR]F]DURZDQLĩ\G]L±NRPXQLĞFL&yĪ]DWHPSURVWV]HJR
QLĪ XF]\QLü SHáQ\ XĪ\WHN ] GDOHNRZ]URF]QRĞFL 6WDOLQD L VNLHURZDü SU]HFLZ QLP JQLHZ
OXGX"-HV]F]HQLJG\DQW\VHPLW\]PMDNRDQW\GRWXPQDDQW\OXG]NąSROLW\NĊQLH]DZLyGá
QLNRJR]ZáDV]F]DZ(XURSLHZVFKRGQLHM
:EUHZWHPXZFRZLHU]ąáDWZRZLHUQLL]DĞOHSLHQLLVWQLHMHVROLGQDSRGVWDZDORJLF]-
QR²GLDOHNW\F]QD GOD WDNLHJR SU]HGVLĊZ]LĊFLD : 5RVML MHVW RQD QLHSRWU]HEQD Äĩ\FLH
VSRáHF]QHZW\PNUDMXMHVWSHUPDQHQWQąNRQVSLUDFMąSU]HFLZSUDZG]LH²WDPNWRVLĊ
QLHGDMHRNáDPDüXFKRG]L]D]GUDMFĊ«´²SLVDáZURNX$VWROSKHGH&XVWLQHIUDQ-
FXVNLSLVDU]LSRGUyĪQLNZVZ\FKÄ/HWWUHVGH5XVVLH´2GSRF]ąWNyZSDĔVWZDVRZLHF-
NLHJRORVĩ\GyZE\áORVHPJUXS\QDURGRZR±VSRáHF]QHMV\VWHPDW\F]QLHXQLFHVWZLDQHM
]DWRĪHVWDQRZLRGUĊEQąMDNRĞüDWDNĪH]DWRĪHQLąQLHMHVWZGRVWDWHF]Q\PVWRS-
QLX ² ]D ZROĊ RGUĊEQRĞFL MDN L ]D FKĊü XFLHF]NL RG RGUĊEQRĞFL Z VWURQĊ DV\PLODFML
LUR]WRSLHQLDVLĊZRWRF]HQLX/HQLQQDSLVDáWXĪSRUHZROXFMLÄ1LHPDĪDGQHJRQDURGX
Ī\GRZVNLHJR1LHPDJRWHUD]LQLHEĊG]LHJRMXĪQLJG\´/HF]ZURNX6WDOLQXVWD-
QDZLDMąFPLW\F]QąNDWHJRULĊNRVPRSROLW\MDNRSU]HGPLRWSU]HĞODGRZDĔLQDF]HOQ\FHO
UHSUHVMLSRGyZF]DVNRPXQLVW\F]QHMGHPRQRORJLLND]DáRSXEOLNRZDüOLVWĊQD]ZLVNLQWH-
OHNWXDOLVWyZĪ\GRZVNLHJRSRFKRG]HQLDZUD]]LFKSRSU]HGQLPLĪ\GRZVNLPLQD]ZLVND-
PLZQDZLDVDFK:WHQVSRVyERJáRVLáĩ\GyZZ5RVML²ZNUDMXRGZLHF]QLHJRWRZ\P
GRGHSWDQLDOXG]LLQQ\FKQLĪ]DDSURERZDQLSU]H]ZáDG]Ċ²RELHNWHPSROLW\F]QHJRLF\-
ZLOQHJRPRUGX)L]\F]QDKHNDWRPEDQDVWąSLáDZNUyWFHZZ\QLNXDEVXUGDOQHJRRVNDU-
ĪHQLDRFKĊüRGHUZDQLD.U\PXRG=655ĩ\GRZVNL.RPLWHW$QW\IDV]\VWRZVNL²MDNĪH
SRWU]HEQ\6WDOLQRZLZF]DVLHZRMQ\]+LWOHUHP²]RVWDMHQLHPDOZFDáRĞFLUR]VWU]HODQ\
EąGĨ]OLNZLGRZDQ\ZRER]DFKNRQFHQWUDF\MQ\FK:HGáXJQLHNRPSOHWQ\FKGDQ\FKJLQLH
SLVDU]\ZMĊ]\NXMLG\V]DNWRUyZPX]\NyZPDODU]\LU]HĨELDU]\'R-
NáDGQLHZW\PVDP\PF]DVLHSDUWLHNRPXQLVW\F]QHQD=DFKRG]LHNLHURZDQHZ]QDF]QHM
PLHU]HLSRSLHUDQHEHĪRGUXFKXQLHXIQRĞFLSU]H]Ī\GRZVNLFKLQWHOHNWXDOLVWyZRJáDV]DMą
SU]HFLZNRSRZRMHQQHM$PHU\FHNUXFMDWĊQD]ZDQąSU]H]6WDOLQD²MHMNRQFHSFMRQLVWĊ²
ÄUXFKHPSRNRMX´3URNRPXQLVW\F]QHNRáDZáRQLH]DFKRGQLFKGHPRNUDFMLRGHJUDá\ZyZ-
F]DVUROĊHSRNRZąXUXFKRPLá\]LPQRZRMHQQ\VRZLHFNLÄDQW\LPSHULDOL]P´L]DRSDWU]\á\
JR Z ERPEĊ DWRPRZą ,FK SU]\JQLDWDMąFą ZLĊNV]RĞü VWDQRZLOL ĩ\G]L ]DVWUDV]DMąFR
ĞOHSLQDIDNWĪH]DUD]SR.RPLWHFLH$QW\IDV]\VWRZVNLPQDVWąSLáDVSUDZDW]ZĪ\GRZ-
VNLFK OHNDU]\ RVNDUĪRQ\FK SU]H] VRZLHFNą SROLFMĊ SROLW\F]Qą R VSLVHN Z FHOX Z\PRU-
GRZDQLDVRZLHFNLFKSU]\ZyGFyZ7DSURZRNDFMDWDNXUąJDáD]GURZHPXUR]VąGNRZLMDN
KLWOHURZVNLHQDMSU\PLW\ZQLHMV]HHJ]HJH]\PHFKDQL]PXĞZLDWDLE\WXQDURGyZ
=MDZLDVLĊS\WDQLHF]\ZPDUNVL]PLHMDNRZILOR]RILLLUXFKXXP\VáRZ\PZNWy-
U\PSRVWĊSRZRĞüLPLVMĊXZROQLHQLDOXG]NRĞFLRGFLHPQRW\ZLHU]\á\SRNROHQLD]DZDUWH
VąRUJDQLF]QHSU]HVáDQNLXPRĪOLZLDMąFHWDNPRQVWUXDOQHZ\QDWXU]HQLD"
-DN NDĪG\ ĞZLDWRSRJOąG PRQLVW\F]Q\ RGQRV]ąF\ VLĊ ] SRJDUGą GR SOXUDOL]PX
PDUNVL]PMHVWV\VWHPHPGHVSRW\F]Q\PLVDQNFMRQXMąF\PGHVSRW\]PLGHLLZLDU\1LH-
RGVWĊSQąFHFKąNDĪGHJRGHVSRW\]PXRGMHJRZFLHOHĔQDMGDZQLHMV]\FKSRIDV]\]P
LNRPXQL]PMHVWWRĪHRSLHUDRQVZąPRUDOQRĞüR]DVDGĊRGSRZLHG]LDOQRĞFL]ELRURZHM
&]áRZLHNMHVWREGDU]DQ\SU]\ZLOHMDPLOXEZ\U]XFDQ\QDĞPLHWQLNKLVWRULLZ]DOHĪQRĞFL
RG]ZLą]NyZJUXSRZ\FKSU]\QDOHĪQRĞFLUDVRZ\FKNODVRZ\FKHWQLF]Q\FKUHOLJLMQ\FK
0DUNVL]P PLPR ZV]HONLFK NODX]XO UDFMRQDOL]PX ZHĔ ZPRQWRZDQ\FK ]JDG]D VLĊ QD
ZDUWRĞFLRZDQLHF]áRZLHNDZHGáXJMHJRJUXSRZHJR]DV]HUHJRZDQLD6WąGMXĪW\ONRNURN
GRNDĪGHJRQDGXĪ\FLDLNDĪGHM]EURGQLĩ\G]L]DZV]HFLHUSLHOLZLĊFHMLJRU]HMRGLQQ\FK
QDURGyZQD]DVDG]LHRGSRZLHG]LDOQRĞFL]ELRURZHM]DZ\LPDJLQRZDQHZLQ\LPDUNVL]P
MDNVLĊRND]XMHQLHSU]\F]\QLáVLĊGR]PLDQ\WHJRVWDQXU]HF]\.RPXQL]P]DвEH]
Z]JOĊGXQDWRMDNGDOHNRLG]LHVLĊG]LĞZSHZQ\FKNUĊJDFK]DSDORQ\FKUHZL]MRQLVWyZ
DTP by SHADE 
ZF]\VWRWHRUHW\F]Q\PÄKXPDQL]RZDQLX´PáRGHJR0DU[D²XWUZDOLáVLĊUD]QD]DZV]H
Z ĞZLDGRPRĞFL OXG]L ;; ZLHNX MDNR SRQXUD REVHVMD ZáDG]\ ]D NDĪGą FHQĊ L REáĊGQD
SRJRĔ]DQDGOXG]NLPDXWRU\WHWHP2K\GQLHZ\QDWXU]RQ\ZVZRLFKPRW\ZDFMDFKLX]D-
VDGQLHQLDFKFDVXVNRPXQLVW\F]QHJRDQW\VHPLW\]PXMHVWMHJRRVWDWQLPSU]HUDĨOLZ\P
GRZRGHP:LPSHULXPNRPXQLVW\F]Q\PV\WXDFMDĩ\GyZMDNRJUXS\SU]HGVWDZLDáDSRG
NRQLHF ODW V]HĞüG]LHVLąW\FK QDVWĊSXMąFH UyZQDQLH Z ]JRG]LH ] XĞZLĊFRQą RUWRGRNVMą
PDUNVL]PXNRPXQL]PMHJRSRFKRGQD]QRVLZV]HONLHUyĪQLFHSRFKRG]HQLDPLĊG]\OXGĨ-
PL²JG\MHGQDNGRUDĨQDNRU]\Ğü.RPXQL]PXWHJRZ\PDJDUyĪQLFHWHPRĪQDDQDZHW
QDOHĪ\WZyUF]RUHDNW\ZRZDüLWáXPDF]\üQLPLEąGĨQLHSRZRG]HQLDEąGĨNRQLHF]QRĞFL
²ĩ\G]LDE\X]\VNDüXSUDZQLRQąQLZHODFMĊUyĪQLFPXV]ąVáXĪ\üNRPXQL]PRZLĞOHSR
LZLHUQLHEXG]ąFQLHQDZLĞüQDURGyZNWyUHNRPXQL]PXMDU]PLD²NRPXQL]PMHVWLFK
RFKURQąSU]HFLZWHMQLHQDZLĞFLOHF]QLHF]\QLWDMHPQLF\]WHJRĪHMHĞOLX]QDWR]DVWR-
VRZQHEĊG]LHVLĊWąQLHQDZLĞFLąVZRERGQLHSRVáXJLZDá&]\OLĪąGDRGĩ\GyZE\]DDNFHS-
WRZDOLMHJRSR]\FMĊSU]HĞODGRZF\LREURĔF\SU]HFLZSU]HĞODGRZDQLRPZMHGQHMRVRELH
NWyUDWRDPELZDOHQFMDSU]HNUDF]DNU\WHULDXP\VáXF]áRZLHND;;ZLHNXZáRQLH]DFKRG-
QLHMF\ZLOL]DFMLOHF]NWyUD²RG]LZR²FLąJOHMHV]F]H]QDMGXMHZ\EDF]HQLHZXP\VáDFK
OLF]Q\FK ĩ\GyZ²NRPXQLVWyZ Ī\MąF\FK SR]D SUDNW\F]QLH UHDOL]RZDQ\P NRPXQL]PHP
:3ROVFHJG]LHSRRVWDWQLHMZRMQLH]DLVWQLDá\PRĪOLZRĞFLZ\WU]HELHQLDDQW\VHPLW\]PX
ZQDGFKRG]ąF\FKSRNROHQLDFKDSU]\QDMPQLHM]UHGXNRZDQLDGRVSRáHF]QLHQLHV]NRGOL-
ZHJRPLQLPXPMHJR]DSOHF]DLĨUyGHáZ\ĪHMVIRUPXáRZDQHUyZQDQLHXPRĪOLZLDáRHUXS-
FMĊSU]HĞODGRZDĔNWyU\FKUH]XOWDWHPE\áQHRKLWOHURZVNLNOLPDWVSRáHF]QR±RE\F]DMRZ\
3U]\MPXMąF]DSUHWHNVWSROLW\F]QąNRQILJXUDFMH²NRQIOLNWDUDEVNR±L]UDHOVNL²NRPX-
QLĞFLSROVF\SU]\VWąSLOLGRJHQHUDOQHMUR]SUDZ\]LQWHOLJHQFMąĪ\GRZVNLHJRSRFKRG]HQLD
LUHV]Wąĩ\GyZSROVNLFKZRJyOHVWZDU]DMąFV\WXDFMHSV\FKRPRUDOQH]QDQHOXG]NRĞFL
]1LHPLHFODWWU]\G]LHVW\FK&]\LQVSLUDFMDGRWHMVXPLHQQLHUR]ZDĪRQHMLEH]Z]JOĊGQLH
VNRQNUHW\]RZDQHMDNFMLSRFKRG]LáD]HV]WDEXLGHRORJLF]QHJRZ0RVNZLHF]\MHVWSáR-
GHPF]\VWRSROVNLHJRMDNĪHJáĊERNR]DNRU]HQLRQHJRDQW\VHPLW\]PX²WUXGQRSRZLH-
G]LHü1LHWUXGQRQDWRPLDVWGRVWU]HFLGHQW\F]QRĞüFHOyZLPHWRGREXĨUyGHá1LHXOHJD
WHĪZąWSOLZRĞFLĪHPRGHOSROVNLVNXWHF]QLHZ\SUyERZDQ\QDSROVNLPVSRáHF]HĔVWZLH
X]\VNDRJyOQRLPSHULDOQ\SDWHQWMDNRQDMOHSV]DPHWRGDGODXĞPLHU]DQLDLGHRZ\FKQLH-
SRNRMyZSURWHVWXPDVKHUHW\FNLFKEXQWyZ6WDU]HMąFDVLĊLZLRWF]HMąFDSURSDJDQGD
NRPXQLVW\F]QDRGGDZQDSRWU]HERZDáDWUDQVIX]MLĞZLHĪ\FKFKZ\WOLZ\FKKDVHá²VWDUH
Z\SUyERZDQHNáDPVWZDV]RZLQLVW\F]QR±IDV]\VWRZVNLHRND]Dá\VLĊQDUD]QLHVDPRZLFLH
Ī\ZRWQHZWHMF]ĊĞFL(XURS\EĊGąZLĊF]EáRJRVáDZLHĔVWZHP.UHPODDSOLNRZDQHWDP
JG]LHZ\NDĪąGRUDĨQąSU]\GDWQRĞü$UJXPHQWDFMDQLHJUDZLĊNV]HMUROLSDVWZLHQLHVLĊ
VWDOLQRZFyZ QDG QLHGRELWNDPL F]HVNLHM UHIRUP\ RGE\ZD VLĊ DNWXDOQLH SU]\ DNRPSD-
QLDPHQFLH DQW\Ī\GRZVNLFK Z\]ZLVN PLPR ĪH &]HFKRVáRZDFMD MHVW NUDMHP Z NWyU\P
ZV]\VWNLFKĪ\MąF\FKWDPG]LĞĩ\GyZ]PLHĞFLüPRĪQDQDGREUąVSUDZĊZMHGQ\PNLQLH
0RGHO SROVNL REQDĪD SRQXUR GHJHQHUDFMĊ GRNWU\Q\ -HVW MHGQDN QRZRF]HĞQLHMV]\
L EDUG]LHM IXQNFMRQDOQ\ RG SRJURPRZHM VFKHPDW\NL URV\MVNR±XNUDLĔVNLHM 3RODF\ QLH
PRUGXMą DQL QLH UR]VWU]HOLZXMą ² F]\OL QLH XSUDV]F]DMą ]DJDGQLHQLD 2EHOĪ\ZD L SUR-
VWDFNDPHWRGDOLNZLGDFMLĩ\GyZSU]\SRPRF\]UHGXNRZDQHMGREH]VHQVXQRPHQNODWX-
U\LQVWUXPHQWDOQDZNOLPDFLHVWDOLQRZVNLHMSDUDQRLJG\HSLWHWÄNRVPRSROLWD´R]QDF]Dá
F]ĊVWRNURüHJ]HNXFMĊXOHJáDNRPSOLNDFML]RVWDáDSROLW\F]QLHZ\VXEOLPRZDQD6\MRQLVWD
VWDáVLĊV\PEROHPSROLW\F]QHJRDUF\²ZURJDMDNLPSHULDOLVWDLRJáRV]RQ\]RVWDáZ\MĊ-
W\PVSRGSUDZDZREHFV\MRQLVW\GRSXV]F]DOQ\VWDáVLĊNDĪG\DNWJZDáWXLZ\ZáDV]F]H-
QLDEH]SUDZDVDPRREURQ\:SDĔVWZLHWRWDOLWDUQ\PJZDáWMHVWMDNZV]\VWNRLQVW\WX-
FMąSDĔVWZRZąLQLNWQLH]DELMDOXG]LQDXOLFDFKEH]DSUREDW\SDĔVWZD.RPXQLĞFLSROVF\
QLHUHĪ\VHURZDOL]E\WSU]HVDGQ\FKDNWyZW]ZJQLHZXOXGXZLHG]ąFGREU]HĪHQDZHW
QDMVROLGQLHM RSUDFRZDQH Z\PNQąü VLĊ PRJą NRQWUROL 1DWRPLDVW VNDQDOL]RZDOL JZDáW
Z NDUNRáRPQHM HNZLOLEU\VW\FH GLDOHNW\F]QHM L RJáRVLOL U]ąG]RQHPX SU]H] VLHELH VSRáH-
F]HĔVWZXĪHV\MRQLĞFLVąQDM]DFLĊWV]\PVNU\W\PLSRGVWĊSQ\PZURJLHPNRPXQL]PX
ĪHXVLáRZDOLRSDQRZDüSU]HZURWQLHUXFKZ\]ZROHĔF]\PDVSUROHWDULDFNLFKQDGXĪ\üJR
DTP by SHADE 95
KDQLHEQLHLZ\NRU]\VWDüGODZáDVQ\FKXOWUDV]RZLQLVW\F]Q\FKFHOyZ2GZLHF]QDRĞPLRU-
QLFD Ī\GRZVND Z\FLąJDMąFD VZH NUZLRSLMF]H PDFNL W\P UD]HP ] 7HO±$YLYX RSORWáD
ĞZLDWZĞPLHUWHOQ\PXĞFLVNXLG]LHMRZąPLVMąNRPXQLVWyZ MDNQLHJG\ĞFKáRSFyZ]66 
MHVW XFLąü WUXMąFH SROLS\ SRSU]H] EH]OLWRVQH L RGZDĪQH "  GHPDVNRZDQLH V\MRQLVWyZ
ZHZáDVQ\FKV]HUHJDFK3R]RVWDZDáRGRXVWDOHQLDNWRMHVWV\MRQLVWąOHF]WRRND]DáRVLĊ
SURVWHE\áQLPNDĪG\ĩ\GNWyU\ZVSRVyEXSDGODMąFRVHUZLOLVW\F]Q\QLHRJáRVLáVZHJR
ZLHUQRSRGGDĔF]HJRVWRVXQNXGRDNWXDOQ\FKZáDGFyZNRPXQLVW\F]QHM3ROVNL7DIRUPX-
áDVWDQRZLáDMDNE\DSRJHXPKLWOHURZVNLHMÄQDXNL´ĪHĩ\GQLHLVWQLHMHMDNRLQG\ZLGXXP
OHF] MHVW SHU GHILQLWLR F]ąVWNą L HNVSRQHQWHP MDNLHMĞ DQW\OXG]NLHM QDGVLá\ NWyUHM XQL-
FHVWZLHQLHMHVWRERZLą]NLHPNDĪGHJR1LHPFD3RODND5RVMDQLQDLWG:VXPLHE\áRWR
U\]\NRZQHSU]HGVLĊZ]LĊFLHDOERZLHP]QDMąFQLHQDZLĞü3RODNyZGRNRPXQL]PXPRĪQD
E\áRVSRG]LHZDüVLĊĪHFDáD3ROVND]DSáRQLHJRUąFąPLáRĞFLąGRĩ\GyZLLFKQDJOHRE-
MDZLRQHJRH[FDWKHGUDDQW\NRPXQL]PX/HF]NRPXQLĞFLOLF]\OLQDWRĪHDQW\VHPLW\]P
MHVWVLOQLHMV]\ZSRVSyOVWZLHSROVNLPRGDQW\NRPXQL]PX²LQLHSU]HOLF]\OLVLĊ
2ELHNW\ZQ\ XSDGHN LGHRORJLL SU]HREUD]Lá VLĊ ZNUyWFH Z IDQWDVW\F]QH Z\SDF]HQLD
LGHRZHMHJ]HJH]\&DáDSOHMDGDSROVNLFK*RHEEHOVyZL6WUHLFKHUyZ]DF]ĊáDXGRZDGQLDü
ĪHQLHPDSRGVWDZRZ\FKDQW\QRPLLSRPLĊG]\Ä]GURZ\P´QDFMRQDOL]PHPDÄX]GURZLR-
Q\P´ ] Ī\GRZVNLFK PLD]PDWyZ NRPXQL]PHP ĩ\G]L VWDQRZLą MHG\Qą SU]HV]NRGĊ QD
GURG]H GR QDURGRZHJR NRPXQL]PX ² FR ]QyZ EU]PL QLHVDPRZLFLH ]QDMRPR ² D OL-
NZLGDFMD LFK ZSá\ZX SR]ZROL QD V\PELR]Ċ SLHUZLDVWND QDURGRZ\FK DVSLUDFML L HWQLF]-
QHJR ZDORUX ] QDF]HOQą G\UHNW\Zą PDUNVL]PX ² ZDONą R Z\]ZROHQLH PDV 6]DOHĔ-
VWZDKLWOHURZVNLHJRV\QNUHW\]PXZ\QDWXU]\á\VLĊZFDáHMRND]DáRĞFL]HV]SDOWSROVNLHM
SUDV\NRPXQLVW\F]QHMĩ\GE\á]QyZSOXWRNUDWąLUHZROXFMRQLVWąZMHGQ\PGZXJáRZ\P
ZFLHOHQLXMHJRMDQXVRZHREOLF]H²SRGVWĊSQ\PLQVWUXPHQWHPGRRV]XNLZDQLDLXMDU]-
PLDQLD OXGyZ Z FHOX UR]NáDGX LFK ZROL L XF]\QLHQLD ] QLFK EH]ZROQ\FK RILDU Z LPLĊ
RGZLHF]Q\FKLQWHUHVyZ,]UDHODMXGDL]PX6DQKHGU\QX0ĊGUFyZ6\MRQX0QRĪ\á\VLĊ
üZLHUüLQWHOLJHQFNLHÄKLVWRU\F]QH´KLSRWH]\ĪH6áRZLDQLHE\OLPDUNVLVWDPLMXĪZ]DUDQLX
VZ\FKG]LHMyZĪHLFKSU]HGKLVWRU\F]QDNXOWXUDZVND]XMHQDOLF]QH]ZLą]NL]SyĨQLHMV]\-
PLWH]DPLPDUNVL]PX±OHQLQL]PXĪHZF]HVQHZVSyOQRW\VáRZLDĔVNLHE\á\OXGRZHLMDNR
WDNLHVWDQRZLá\MXĪZSUHKLVWRULLDQW\F\SDFMĊ]DDZDQVRZDQHMJRVSRGDUNLVRFMDOLVW\F]QHM
²GRSLHUR]DĞSRMDZLHQLHVLĊĩ\GyZQDDUHQLHKLVWRULLSU]\QLRVáR]HVREąZDONĊNODV
Ä1DXNRZ\´]QDNUyZQDQLDSRPLĊG]\OXGRZHLNRPXQLVW\F]QHSURZDG]LáGRIDUVRZHJR
REVNXUDQW\]PXMDNZGRZRG]LHSHZQHJRKLVWRU\NDV]WXNLNWyU\SLVDáĪHVWDURVáRZLDĔ-
VNLHR]GRE\LELĪXWHULDVą]JRGQH]Z\PRJDPLUHDOL]PXVRFMDOLVW\F]QHJRSRGF]DVJG\
ĩ\G]L SRSU]H] FKU]HĞFLMDĔVWZR ]DQLHF]\ĞFLOL HXURSHMVNLH ]áRWQLFWZR L U]HPLRVáR DUW\-
VW\F]QHNRVPRSROLW\]PHP
:LHOXOXG]L]DGDMHVRELHG]LĞQDFDá\PĞZLHFLHS\WDQLHMDNPRJáRGRWHJRGRMĞü"
:MDNLPPRPHQFLHPDUNVL]P²UH]XOWDWĞFLVáHJRUR]XPRZDQLDGRURENXZLHG]\L]DVDG
PRUDOQ\FK²SU]HREUDĪDVLĊZIDQWDVPDJRULĊFLHPQRW\QLHXFWZDSROLW\F]QHJREDQG\-
W\]PX"-HV]F]HQLJG\SLHUZLDVWHNDQW\²KXPDQLVW\F]Q\LWRWDOLWDUQ\]DZDUW\ZPDUNVL-
]PLHQLHXMDZQLáVLĊ]WDNąVLáąMDNZNRPXQLVW\F]QHMZHUVMLDQW\VHPLW\]PX5RVMDQL3R-
ODNyZ²LZW\PIDNFLH]DSHZQHOHĪ\WUXGQDL]áRĪRQDRGSRZLHGĨQDWRS\WDQLHLZLHOH
LQQ\FK3\WDQLDUR]NáDGDQHEĊGąU]HF]MDVQDSU]H]NZDV\GRNWU\QDOQ\FKVRIL]PDWyZ
OHF] IXQGDPHQWDOQRĞü ZLHOX ] QLFK QLH ]H]ZROL QDNUĊWDFNLHRGSRZLHG]L 1DSU]\NáDG
NLHG\NRĔF]\VLĊSU]\GDWQRĞüĩ\GD²NRPXQLVW\MDNRQDU]ĊG]LDZZDOFHRZáDG]ĊD]D-
F]\QDVLĊMHJRXĪ\WHF]QRĞüMDNRNR]áDRILDUQHJRZSURFHVLHSRGWU]\P\ZDQLDVLáąZáDG]\
QLHRSDUWHMRĪDGHQPDQGDWU]ąG]RQ\FK":LHOXĩ\GyZZNUDMDFKQLHNRPXQLVW\F]Q\FK
]DĞOHSLRQ\FKZáDVQ\PHNVWUHPL]PHPF]ĊVWRNURüNDULHURZLF]RVWZHPDF]ĊVWR]Z\Náą
]DGXIDQą Z VRELH JáXSRWą SRZLQQR VLĊ QDG QLP JáĊERNR ]DVWDQRZLü $PHU\NDĔVNLH
XQLZHUV\WHW\SU]\JDUQLDMąG]LĞĩ\GyZNWyU]\SU]H]ODWVZ\FKVáXĪEZSROLFMDFKSR-
OLW\F]Q\FK(XURS\ZVFKRGQLHMFLĊĪNRSU]HĞODGRZDOLOXG]L²ZW\PWDNĪHLQQ\FKĩ\GyZ
² ZDOF]ąF\FK R SUDZR GR QLH]DZLVáRĞFL VXPLHQLD ']LĞ ĩ\G]L FL FKURQLą VLĊ ]D VZH
QLHJG\ĞODNáDWZR]DSRPLQDQHĪ\GRVWZR)DNWĪHZ3ROVFHZURNXSU]\SRPQLDQR
DTP by SHADE 
LP QDJOH L EUXWDOQLH ĪH Vą ĩ\GDPL MHVW IDNWHP JURĨQ\P L RGUDĪDMąF\P Z\PDJDMą-
F\PQDSLĊWQRZDQLDLSRWĊSLHQLD$OHQLHF]\QL]QLFKOXG]LJRGQ\FKV]DFXQNXDQDZHW
ZVSyáF]XFLDDMXĪ]XSHáQLHQLHXSRZDĪQLDGRVROLGDUQRĞFL]QLPL:FKZLOLSRZDĪQHM
JG\RGZLHF]QHVLá\FLHPQRW\JURĪąLDWDNXMąQDOHĪ\VXPLHQQLHRGG]LHOLüREURQĊLSUR-
WHVW\ZREURQLHW\FKĩ\GyZNWyU]\FLHUSLąW\ONR]DWRĪHVąĩ\GDPLRGRZ\FKNWyU]\
VąMHG\QLHRILDUDPL]PDJDĔRZáDG]ĊSRPLĊG]\NRPXQLVW\F]Q\PLSROLW\NLHUDPLDWDO-
PXG\VWDPL PDUNVL]PX 2SOXZDQL SRQLHZLHUDQL L SR]EDZLDQL ĞURGNyZ GR Ī\FLD ĩ\G]L
SROVF\SáDFą]DNDULHU\LEáĊG\W\FKGUXJLFK]DLFKXSRMHQLDX]XUSRZDQąZáDG]ą/XG]LH
FLQLHPDMąPRUDOQHJRSUDZDGRREURQ\SU]HGHZV]\VWNLPMDNRQLHVWUXG]HQLDUFKLWHNFL
WHMU]HF]\ZLVWRĞFLZNWyUHMSRODWDFKGRMĞüPRJáRGRWDNNDU\NDWXUDOQ\FK]Z\URG-
QLHĔP\ĞOLLSRMĊüMDNRLQĪ\QLHURZLHWHMVWUXNWXU\ZNWyUHMPRQVWUXDOQHNáDPVWZRWDN
áDWZRMHVWXF]\QLüSUDZHPĪ\FLD7UXGQRMHVW]DSRPQLHüLFKIDQDW\F]QąZLDUĊZ]áRMDNą
JáRVLOLZNRPXQLVW\F]Q\FKJD]HWDFKNVLąĪNDFKDUW\NXáDFKILOPDFK²EH]Z]JOĊGXQD
WR F]\ ZLDUD WD E\áD F]\VWą ZLDUą F]\ SRVLDGDáD VZH GZX]QDF]QH UDFMRQDOL]DFMH %\OL
G\JQLWDU]H NRPXQLVW\F]QL XFLHNDMąF\ ] 3ROVNL SU]HNOLQDMą SROVNR±NRPXQLVW\F]Q\ DQ-
W\VHPLW\]PQLHV]F]HU]H6NDUĪąVLĊQDĔZ\NOLQDMąJRZLPLĊIXQGDPHQWDOL]PXLWUDFR-
Q\FKSRVDGZ]QRV]ąREáXGQLHRF]\NXQLHEXLZ]\ZDMąVIUXVWURZDQHGXFK\Ī\GRZVNLFK
NUHDWRUyZ]DNRQXQDĞZLDGNyZ:]DVDG]LHMHGQDNDQW\VHPLW\]PMHVWLP]EDZLHQQ\P
Z\]ZROHQLHPZREOLF]XSRUDFKXQNyZ]VDP\PVREą-XĪQLHSRF]XMąQLJG\ĪyáFLRZHJR
VPDNXNOĊVNSá\QąF\FK]HVáXĪE\NáDPVWZXL]EURGQL²SRQLHĞOLQLH]DVáXĪRQąNOĊVNĊ
]DSRFKRG]HQLH3RJQĊELRQRLFK]DWRĪHE\OLĩ\GDPLDQLH]DWRĪHFKZDOLOLLUHDOL]R-
ZDOLJZDáWQLHZROĊLáDMGDFWZR1LH]GDG]ąMXĪQLJG\UDFKXQNX]DZáDVQHSU]HVWĊSVWZD
RFDOLOLLFKWĊSLDQW\VHPLFLGHSF]ąFLFKPHWU\NĊLUDWXMąFZWHQVSRVyELFKF]áRZLHF]HĔ-
VWZR.DĪG\XF]FLZ\ĩ\GMHVW]QDWXU\U]HF]\QDPLĊWQ\PSU]HFLZQLNLHP]DVDG\RGSR-
ZLHG]LDOQRĞFL]ELRURZHM/HF]W\ONRSHZQLĩ\G]L](XURS\ZVFKRGQLHMNWyU\FKĪ\FLRZ\
GRUREHNXF]\QLá]Z\Ná\PLNDQDOLDPLZVáXĪELHWRWDOLWDUQHJRNRPXQL]PXXFLHNDMąFGR
$PHU\NLFKURQLąVLĊ]DWąSRNUDF]Qą]DVDGĊXVLáXMąF²ZRF]DFKĞZLDWD²SU]HU]XFLü
VZą¶RGSRZLHG]LDOQRĞüDUDF]HMMHMEUDNQDVZHNRQLXQNWXUDOQLHRGNU\WHĪ\GRVWZR
.DĪGDPLVW\ILNDFMDMHVWWUDPSROLQą]NWyUHMáDWZRMHVWVNRF]\üZRWFKáDĔPHWDIL]\NL
GOD üZLHUüLQWHOLJHQWyZ : Z\REUDĨQL DQW\VHPLFNLHJR SRVSyOVWZD ĩ\G GHF\GXMH NRQ-
F\SXMHSLHMH]DSáDGQLDSRZLMDLZáDVQRUĊF]QLHXUXFKDPLDDNW\UXFK\LFDáHVNRPSOL-
NRZDQHSURFHV\SROLW\F]QR±VSRáHF]QHZUD]]LFKDQW\QRPLDPLZHNWRUDPLWHQGHQFMD-
PLERJDFWZHPNRPSRQHQWyZ-DNĩ\GF]\QDZHWĪ\GRVWZRWRUREL²Z\MDĞQLHQLHP
VLĊ QLNW QLH WURV]F]\ UHDOL]P QLH MHVW XOXELRQą PHWRGą HSLVWRPRORJLF]Qą DQL WáXPyZ
DQLUHĪ\PyZWRWDOLWDUQ\FK:ą]LXWNDPLHG]DRGG]LHODMąFDPHWDIL]\NĊRGXP\VáRZHJR
RJUDQLF]HQLDWUDSLOXG]NRĞüRGF]DVyZSUHDU\VWRWHOHVRZVNLFK7RQLHEXQWLQWHOHNWXDO-
Q\NU\W\ND]DVWDQHMU]HF]\ZLVWRĞFLDQLQDZHWQLHZRODLQĊG]DWHUPRG\QDPL]XMąSURWH-
VW\PRUDOQ\QLHSRNyMUHZROXFMHOHF]KDQGODU]HĞPLHUFL&,$0ĊGUF\6\MRQXPDVRQL
HJ]HNXW\ZD :DOO 6WUHHW Z\ZLDG L]UDHOVNL NRPyUND DQDUFKRWURFNLVWyZ ]DJQLHĪGĪRQD
ZORQG\ĔVNLP-RFNH\&OXELHQD3DOL0DOL:V]\VWNRZVND]XMHQDWRĪHNDĪGDSRFKRGQD
PDUNVL]PX ² QLHJG\Ğ F]FLJRGQHM ILOR]RILL ² MHVW G]LĞ Z VWDQLH GRVLĊJQąü W\FK JUDQLF
]LQVW\WXFMRQDOL]RZDQHMSDUDQRL1DQDV]\FKRF]DFKOHZLFDPDUNVLVWRZVNDLQHRPDUNVL-
VWRZVNDDWDNĪHWRFR]ZLHVLĊG]LĞQRZąOHZLFąRGU]XFDSRGVWDZ\UDFMRQDOQHJRP\-
ĞOHQLDGODFRUD]WDQGHWQLHMV]HMPHWDIL]\NL/LFK\DUJXPHQWNRPXQL]PXSUDNW\NRZDQHJR
Z(XURSLHZVFKRGQLHMREZLHV]F]DÄQLHVSRNRMQRĞü´Ī\GRZVNLHJRXP\VáX MDNE\ZW\P
E\áR FRĞ QRZHJR  NWyU\ ÄSU]HV]NDG]D´ D QDZHW ÄQLV]F]\´ WR FR 6áRZLDQLH 1LHPF\
:ĊJU]\LWGXVLáXMąNRQVWUXNW\ZQLH]EXGRZDüLZ]QLHĞüZVSRNRMXGXFKDL]JRGQLH]QLH-
QDUXV]DOQRĞFLąREZLHV]F]RQHMSU]H]ĩ\GD0DU[DZLDU\&]\0DU[GRV]HGáGRQLHMPRFą
VZHJRQLHVSRNRMQHJRĪ\GRZVNLHJRXP\VáXVWDQRZLG]LĞSXQNWSR]DG\VNXVMą3RMDZLD
VLĊSU]HWRQDMEDUG]LHMGUĊF]ąFH]S\WDĔF]\ZV]HONLHLGHRORJLHVWZRU]RQHSU]H]ĩ\GyZ
SRF]ĊWHSU]H]Ī\GRZVNLHJRGXFKDLZLPLĊMHJRPRUDOQ\FKQRUPPXV]ąVLĊZNRĔFX
]ZUyFLüSU]HFLZĩ\GRP²PLPRĪHFHOHPLFKMHVWREURQDL]EDZLHQLHZV]\VWNLFKOXG]L
D ]DWHP L ĩ\GyZ" $ PRĪH ZáDĞQLH GODWHJR" 0RĪH QDMV]HU]HM SRMĊWH VSHFWUXP KXPD-
DTP by SHADE 97
QL]PXRNWyUHĩ\G]LZDOF]ąRGW\VLąFOHFLMHVWQLHGRSU]\MĊFLDSU]H]OXG]NRĞüNWyUD
QLJG\ JR QLH FKFLDáD L QLJG\ QLH ]HFKFH" &]\ĪE\ ZąVNR SRMĊWD WUDG\FMD E\áD MHG\Q\P
]DEH]SLHF]HQLHPKLVWRU\F]QHJRORVXĩ\GyZZV]HONLZ\VLáHNE\]ZLą]DüLFKSU]H]QD-
F]HQLH]LGHąEDUG]LHMXQLZHUVDOQąR]QDF]DVDPREyMF]ąNDWDVWURIĊ"&]\Ī]DWHPNDĪGD
Ī\GRZVNDSUyEDSRF]ĊWD]Ī\GRZVNLHJRLQWHOHNWXR]QDF]DZRVWDWHF]Q\PUR]UDFKXQNX
VDPR]QLV]F]HQLH"
:PRLPSU]HNRQDQLXNDĪGDGRNWU\QDWRWDOLWDUQDPXVLZVZ\FK]DáRĪHQLDFKLZUD-
FMRQDOL]DFMDFK]ZUyFLüVLĊJZDáWRZQLHSU]HFLZĩ\GRP,GHRORJLHWRWDOLWDUQHVą]QDWX-
U\U]HF]\ XWRSLMQH LFK FHOHPRVWDWHF]Q\PWDNWHRUHW\F]Q\PMDNL SUDNW\F]Q\PMHVW
VWZRU]HQLH RVWDWHF]QHM ZL]ML ĞZLDWD L Ī\FLD XVWDQRZLHQLH Z]RUX VWDW\F]QHJR NWyUHJR
XOW\PDW\ZQRĞüQLHSRGOHJDNU\W\FHDQLPRG\ILNDFMRP1DWR]DĞXP\VáRZRĞüĪ\GRZ-
VNDQLH]JRG]LVLĊQLJG\ĩ\FLHMHVWG\QDPLF]QHDXP\VáMHVWRZRFHPĪ\FLDPDVáXĪ\ü
Ī\FLXQLHDEVWUDNFML²LRW\PZLHG]LHOLĪ\GRZVF\WZyUF\QDMJHQLDOQLHMV]\FKDEVWUDNFML
,FKSU]H]QDF]HQLHPE\á\RGZLHF]QHPĊNLDPELZDOHQFMLLZ]JOĊGQRĞFLFR²]NROHL²
F]\QLáRLFK]DZV]HQDMUXFKOLZV]\PLPy]JDPLOXG]NRĞFL/XG]NRĞü]DĞSU]H]VZHG]LHMH
XOHJDáD SRWĊG]H WHM UXFKOLZRĞFL L SU]HNOLQDáD MHM LQWHQV\ZQRĞü 7RWHĪ JG\ W\ONR XWRSLD
ZFKRG]LáDZVWDGLXPUHDOL]DFMLGHPRQVWUXMąFEH]GHQQ\RGPĊWOXG]NLFKQLHPRĪOLZRĞFL
RNUXFLHĔVWZLQLHGRáĊVWZDWRZDU]\V]ąF\ZFLHODQLXDEVROXWXZNV]WDáWHJ]\VWHQFMDOQ\²
XP\VáĪ\GRZVNLU]XFDáVLĊGRUHZL]MLSRMĊüLSU]HZDUWRĞFLRZ\ZDQLDZDUWRĞFLSURGXNR-
ZDá]áRĪDGUX]JRF]ąFHJRNU\W\F\]PXLXQLFHVWZLDáWRZV]\VWNRRFRMHV]F]HQLHGDZQR
WDN ]DFLHNOH ZDOF]\á L NUZDZLá 6WąG DQW\VHPLW\]P E\á ]DZV]H L SR]RVWDá G]LĞ QDMáD-
WZLHMSURGXNRZDQąEURQLąGODREURQ\WRWDOLWDUQ\FKXWRSLL²QLHXFKURQQ\]DĞFLąJGDO-
V]\ZV]HONLFK]DJURĪRQ\FKWRWDOLWDU\]PyZMHVW]DZV]HWHQVDP:RNyáDPHU\NDĔVNLHM
1RZHM/HZLF\WRF]\VLĊRGGDZQDG\VNXVMDF]\VWDQRZLRQDQDWXUDOQ\LQNXEDWRUDQW\-
VHPLFNLHJREDFNOXVK¶XSU]H]VDPIDNWJáRV]HQLDVZ\FKLGHM-HVWWRQLHSRUR]XPLHQLH
(ZHQWXDOQ\DQW\VHPLW\]PZ$PHU\FHWNZLQLHZNLHUXQNRZHMWHQGHQFMLVSRáHF]HĔVWZD
QLHFKĊWQHJRZREHFQHR±OHZLFRZ\FKSUąGyZOHF]MHVWF]\QQLNLHPLPPDQHQWQ\PZLFK
WRWDOLWDUQHMWHQGHQFML:V]\VWNLHGRĞZLDGF]HQLDSU]HV]áRĞFLGDZQHMLQLHGDZQHMZVND-
]XMąQDWRĪHDQW\VHPLW\]P]URG]LVLĊZF]HĞQLHMZVDP\PMąGU]HDPHU\NDĔVNLHMP\ĞOL
OHZLFRZHM QLĪ Z RWDF]DMąF\P Mą VSRáHF]HĔVWZLH 6\WXDFMD Z NWyUHM G]LVLHMVL SURURF\
1RZHM/HZLF\ZZLĊNV]RĞFLĩ\G]L]DF]QąRGF]XZDüNRQLHF]QRĞüDQW\Ī\GRZVNLFK QLH
P\OLü ] DQW\L]UDHOVNLPL  VIRUPXáRZDĔ LGHRZ\FK L SU]HV\Fą VZą LGHRORJLF]Qą PDV]\QĊ
]MDGOLZ\P DQW\VHPLW\]PHP Z\GDMH VLĊ MHV]F]H QD UD]LH VXUUHDOL]PHP +LVWRULD ]QD
MHGQDNV\WXDFMĊZNWyUHMDQW\Ī\GRZVNRĞüVWDáDVLĊLPPDQHQWQ\PPRW\ZHPDQDZHW
LVWRWą SRWĊĪQ\FK DNW\ZQRĞFL GXFKRZ\FK L LQQ\FK  RĪ\ZLDMąF\FK ZLHONL RUJDQL]P LGH-
RZ\VWZRU]RQ\SU]H]WU]\QDVWXĩ\GyZ:;;±ZLHF]Q\PPDUNVL]PLHJáRV]RQ\PLSUDN-
W\NRZDQ\PSU]H]URV\MVNLFKLSROVNLFKNRPXQLVWyZSURNODPXMąF\FKNRQLHF]QRĞüDQL-
KLODFMLĪ\GRZVNLHJRGXFKDZLG]LP\SRUD]GUXJLĪHWDNDEVXUGDOQDNRQFHSFMDQLHMHVW
]áXG]HQLHPFKRU\FK]P\VáyZOHF]SU]HREUDĪDVLĊZNRQNUHWU]HF]\ZLVWRĞFL'ODF]HJR
JG]LHLQG]LHMPDE\üLQDF]HM"
.
1RZDJyUDVSRáHF]QDLMHMGROFHYLWD
.
=HVSyáSRMĊüNWyU\PLSRVáXJXMHVLĊZG]LDáDQLXURV\MVNLSU]\ZyGFDNRPXQLVW\F]Q\
MHVW ]XSHáQLH UyĪQ\ RG W\FK MDNLH PyJáE\ VWRVRZDü SU]\ZyGFD ZVFKRGQLRHXURSHMVNL
&KRFLDĪWHQU]ąG]LVZ\PNUDMHPZUDPDFKWDNLHMVDPHMMDNZ5RVMLVWUXNWXU\ZáDG]\
DOHMHĪHOLFKFHFRĞRVLąJQąüZHZVSyáG]LDáDQLX]U]ąG]RQ\PLSU]H]VLHELHPDVDPLQD-
URGXPXVLRGZRá\ZDüVLĊGRLQQHJR]HVSRáXSRMĊü3RMĊFLDWHVNU\VWDOL]RZDá\VLĊSR-
SU]H]ZLHNLUR]ZRMXRJyOQRHXURSHMVNLHMF\ZLOL]DFMLFKU]HĞFLMDĔVNLHMNWyUDRSLHUDVLĊQD
JáĊERNR]DNRU]HQLRQ\FKLGHDáDFKJRGQRĞFLRVRELVWHMLFQyWVSRáHF]Q\FK7DNĪHSU]HG-
PLRW\SRĪąGDĔZ\REUDĪHQLDRV]F]ĊĞFLXLSRMĊFLHLQG\ZLGXDOQHJRSRZRG]HQLDVąLQQH
QLĪZ5RVMLL$]ML.RPXQL]PEXGXMHZV]ĊG]LHZVLH3DWLRPNLQRZVNLHDOHW\ONRZ5RVML
VSRáHF]HĔVWZREąGĨZLHU]\ZLFKUHDOL]PEąGĨX]QDMHLFKGLDOHNW\F]QąNRQLHF]QRĞü
DTP by SHADE 
:NUDMDGL(XURS\ZVFKRGQLHMVWDQRZLąRQHWHPDWGRZFLSyZ
:\JOąGXOLF\LG]LHZF]ąWQRFQHORNDOHLWHDWU\PRGDPLHV]NDQLDLVSRVyEUR]PRZ\
²RWRFR]GDQLHP]DFKRGQLFKNRUHVSRQGHQWyZUyĪQL5RVMĊRG(XURS\ZVFKRGQLHM-HVW
WRSUDZLGáRZDFKRüSRZLHU]FKRZQDREVHUZDFMDV\PSWRPyZ3U]\SLVXMHVLĊMHUHODW\Z-
QHPXOLEHUDOL]PRZLNWyU\VWDQRZLNRQVHNZHQFMĊW]ZQDURGRZHJRNRPXQL]PXLVWRS-
QLRZHJRXQLH]DOHĪQLDQLDVLĊRGURV\MVNLHMFHQWUDOLLGHRORJLF]QHM7\PF]DVHPZLVWRFLH
VZHMVąRQHVSHF\ILF]QąVXENXOWXUąNWyUHMSRVW±VWDOLQRZVNDRGZLOĪQDGDáDW\ONR]QD-
PLRQDMDZQRĞFLLSRZV]HFKQRĞFL7DVXENXOWXUD]NROHLMHVWZ]QDF]QHMPLHU]HSURGXN-
WHPQRZHMJyU\VSRáHF]QHMNWyUDVWDQRZL]MDZLVNRV]F]HJyOQHLMHGQą]JáyZQ\FKFHFK
NRPXQL]PXZNUDMDFK(XURS\ZVFKRGQLHM
-DNNDĪGDLQQDZVFKRGQLRHXURSHMVNDJyUDVSRáHF]QDPD6ZRMHPDQLHU\VSRVyE
XELHUDQLD V\PSDWLH DUW\VW\F]QH L UR]U\ZNRZH NWyUH SU]HQLNDMą GR UHV]W\ VSRáHF]HĔ-
VWZD VWDQRZLąF SRĪąGDQH L QDĞODGRZDQH Z]RU\ F]\ QDND]\ PRG\ 3RVLDGD WHĪ VZyM
MHW±VHW²RJyOQLHSRG]LZLDQ\LREPDZLDQ\=DFKRGQLNRUHVSRQGHQWGRVWU]HJDHOHJDQFMĊ
NRELHWLRVREOLZLHVZRERGQ\WHDWU]\NVDW\U\F]Q\ NWyU\Z\GDMHPXVLĊQLHZ\JRGQ\GOD
UHĪ\PX DOHQLFNRMDU]\W\FK]MDZLVN]LVWQLHQLHPRNUHĞORQHMJUXS\VSRáHF]QHMNWyUD
MHSURGXNXMHMDNRVZRMąVXENXOWXUĊZ\UDĪDMąFąMHMSRWU]HE\LSRVWXODW\7\PEDUG]LHM
ZLĊFJHQH]DIXQNFMRQRZDQLHPRUDOQRĞüLZSá\Z\WHMJUXS\SR]RVWDMąQDMF]ĊĞFLHMWD-
MHPQLFąGOD]DFKRGQLHJRREVHUZDWRUD
%áĊGHPSRZV]HFKQ\PQD=DFKRG]LHMHVWXWRĪVDPLDQLHNRPXQLVW\F]QHMQRZHMJyU\
VSRáHF]QHM]NRPXQLVW\F]QąNODVąU]ąG]ąFą
1RZDJyUDVSRáHF]QDMHVW]DĞ]MDZLVNLHPRE\F]DMRZ\PLPRUDOQ\P-HMSRV]F]H-
JyOQL F]áRQNRZLH PRJą E\ü WDNĪH F]áRQNDPL NODV\ U]ąG]ąFHM L RGJU\ZDü ]QDF]Qą UROĊ
Z SROLW\FH F]\ JRVSRGDUFH OHF] MHM RJyOQą FHFKą FKDUDNWHU\VW\F]Qą MHVW EUDN ZáDG]\
L QDWUĊWQH SRGNUHĞODQLH VZHM SROLW\F]QHM QLHPRF\ :áDG]D R]QDF]D RGSRZLHG]LDOQRĞü
WD]DĞSVXMHREUD]SLĊNQHJRĪ\FLD²JáyZQHJRFHOXQRZHMJyU\VSRáHF]QHM1DWRPLDVW
VWDUDVLĊRQDQLHXVWDQQLHRZSá\Z\SROLW\F]QHFRQLHSU]\FKRG]LMHM]áDWZRĞFLą7RWD-
OLVW\F]Q\ DSDUDW U]ąG]HQLD QLH SRGOHJD ZSá\ZRP ĪDGQ\FK RSLQLL DQL SXEOLF]Q\FK DQL
]DNXOLVRZ\FK
.ODVDU]ąG]ąFDMHVW]áRĪRQD]UHZROXFMRQLVWyZFDáRĪ\FLRZ\FKF]áRQNyZSDUWLLSU]H-
ZDĪQLHQLVNLHJRSRFKRG]HQLD6ąRQLSRĪHUDQLSU]H]ZDGOLZRĞüVWZRU]RQHJRSU]H]VLH-
ELHV\VWHPXĩ\MąZQLHXVWDQQ\FK]DFLHNá\FKZDONDFKRZáDG]ĊZZLHF]Q\PVWUDFKX
SU]HG G\VF\SOLQą SDUW\MQą SRSHáQLHQLHP EáĊGX LQWU\JDPL L GHQXQFMDFMDPL NDULHURZL-
F]yZ SUDJQąF\FK LFK VWDQRZLVN %H]VHQVRZQD RUJDQL]DFMD SDĔVWZD L SHUPDQHQWQ\
FKDRVJRVSRGDUF]\VSUDZLDMąĪHSUDFXMąSRJRG]LQQDGREĊLXPLHUDMąZF]HĞQLHQD
DWDNLVHUFD6ąV]DU]\PDáRLQWHOLJHQWQLĪ\MąVNURPQLHLQLHHIHNWRZQLH
6WRVXQNLPLĊG]\QRZąJyUąVSRáHF]QąDNODVąU]ąG]ąFąFHFKXMHZ]DMHPQDSRJDUGD
L QLHQDZLĞü .ODVD U]ąG]ąFD JDUG]L DVHNXUDQFWZHP QRZHM JyU\ VSRáHF]QHM ]D]GURĞFL
MHMVZRERG\ZNRU]\VWDQLX]RZRFyZSRZRG]HQLDLXSU]\ZLOHMRZDQLDNWyU\FKVDPDQLH
MHVW Z VWDQLH NRQVXPRZDü 1RZD JyUD VSRáHF]QD QLHQDZLG]L ĪHOD]QHM XSU]ĊĪ\ NWyUą
VRELHGREURZROQLHQDáRĪ\áDQDJU]ELHWDZNWyUHMNODVDU]ąG]ąFD]PXV]DMąGRNáDPVWZ
LXSRGOHĔ=ĪHUDMąNRPSOHNVZáDVQHMQLHPRF\QDMEDUG]LHMQLHQDZLG]LVZ\FKSDQyZ]D
WRĪHQLHMHVWGODQLFKJURĨQDLQLHEH]SLHF]QD5HNRPSHQVXMHWRVRELHV]\GHUVWZDPL
]LFKQLHSRZRG]HĔSROLW\F]Q\FKLXP\VáRZHJRRJUDQLF]HQLDNWyUHRNUHĞODZ]JDUGOLZLH
WHUPLQHPÄüZLHUüLQWHOLJHQFML´
2EHMPXMąFZáDG]ĊZ(XURSLHZVFKRGQLHMNRPXQLĞFLQDUDĪHQLE\OLQDNDWDVWURIDOQ\
EUDNNDGU3DUWLHE\á\QLHOLF]QHL]RORZDQHEH]NRU]HQLZVSRáHF]HĔVWZDFKSU]HZDĪQLH
FKáRSVNLFKLGUREQRPLHV]F]DĔVNLFKNRQVHUZDW\ZQ\FKLUHOLJLMQ\FK*ZDUDQWHPLFKZáD-
G]\E\áDVWDFMRQXMąFDDUPLDVRZLHFNDLFKVRMXV]QLNLHP²NDULHURZLF]RVWZRRSRUWX-
QL]PLDUU\ZL]P:áDVQ\FKOXG]LVWDUF]\áRW\ONRGRREVDG]HQLDQDMZ\ĪV]\FKVWDQRZLVN
ZDSDUDFLHZáDG]\LWHUURUX'RNXOWXU\QDXNLG\SORPDFMLWU]HEDE\áRZSXĞFLüHOHPHQW\
REFH.RPXQLĞFLSU]\U]HNDOLVRELHĪHV]\ENRZ\SURGXNXMą]DVWĊSFyZ]ZáDVQ\FKĞURGR-
ZLVNVSRáHF]Q\FK3RODWDFKRND]DáRVLĊWRQLHSRWU]HEQHREF\VWDOLVLĊVZRLPL=UR-
DTP by SHADE 99
ELOLNDULHU\VWZRU]\OLQRZąJyUĊVSRáHF]Qą]ZLą]DQą]NRPXQL]PHPQDĞPLHUüLĪ\FLH
5H]HUZXDUHPWHMUHNUXWDFMLE\áDSU]HZDĪQLHLQWHOLJHQFMą²ZDUVWZDVSRáHF]QD]D-
VWĊSXMąFDNZDOLILNDFMDPLXP\VáRZ\PLWUDG\F\MQ\EUDNNDSLWDáyZZ(XURSLHZVFKRGQLHM
1LHGDZDáRWRQLJG\]DG]LZLDMąF\FKUH]XOWDWyZHNRQRPLF]Q\FKDOHSR]ZDODáRLQWHOLJHQ-
FMLĪ\ü]DPRĪQLHSU]HGZRMQąZVRMXV]X]NODVDPLSRVLDGDMąF\PL
3LHQLąG]PDZNRPXQL]PLHLGHQW\F]QLHWĊVDPąIXQNFMĊL]QDF]HQLHMDNZV]ĊG]LH
LQG]LHMRGF]DVXMDNJRZ\QDOHĨOL)HQLFMDQLH6WDQRZLFHOGąĪHĔLQDU]ĊG]LHRVLąJQLĊü
:SUDZG]LHZNRPXQL]PLHMHVWRQWDQLLQLHZLHOH]DĔPRĪQDGRVWDüDOHEH]QLHJRQLH
PRĪQDGRVWDüQLF]DOHW\ZLĊFSá\QąFH]MHJRSRVLDGDQLDVąQLHGZX]QDF]QH3LHQLąG]E\á
]DSHZQHJáyZQąSU]\F]\QąGODNWyUHMF]ĊĞüLQWHOLJHQFMLSRSDUáDF]\QQLHQRZ\SRU]ąGHN
-DNROXG]LHĪ\MąF\]UXFKOLZRĞFLZáDVQHJRXP\VáXQLHPRJOLVLĊMHGQDNSRZVWU]\PDüRG
IDEU\NRZDQLDHXIHPLVW\F]Q\FKX]DVDGQLHĔZNWyUHZNRĔFXVDPLXZLHU]\OL1D]\ZDOL
ZLĊFVZyMNRQIRUPL]PVLOąSU]\FLąJDQLD]Z\FLĊVNLHMGRNWU\Q\EH]OLWRVQąORJLNąKLVWRULL
JRU\F]ąZREHF=DFKRGXNWyU\]GUDG]Lá&LNWyU]\SU]HGZRMQąĪ\ZLOLV\PSDWLHIDV]\-
VWRZVNLH]QDOHĨOLGRVNRQDáHSROHGRSRSLVXZF]HUZRQ\PWRWDOL]PLH1DMEDUG]LHMF\QLF]-
QLQD]\ZDOLWRMHG\QąSHUVSHNW\ZąUR]ZRMXFWHĪRVLąJQĊOLQDMZ\ĪV]HV]F]HEOH=UHV]Wą
NRPXQLĞFLG]LDáDOLZSRF]ąWNRZ\PRNUHVLH]XPLDUHPRJáRVLOLLQWHOLJHQFMĊVRMXV]QLF]Ną
UHZROXFMLNRNLHWRZDOL-HGQą]OHJHQGRNRPXQL]PLHMHVWMHJRQLHXEáDJDQDZURJRĞüGR
NODVSRVLDGDMąF\FKSRWU]HEQDPXZZDOFHRZáDG]ĊJG\PLHQLVLĊU]HF]QLNLHPLQWHUH-
VyZSUROHWDULDWX:U]HF]\ZLVWRĞFLMHVWRQQLHXEáDJDQ\PZURJLHPW\FKW\ONRNWyU]\QLH
FKFąVLĊSRGGDüL]DDNFHSWRZDüMHJRNáDPVWZL]EURGQLXOHJOLLSU]\GDWQLPRJą]DZV]H
OLF]\üQDáDVNĊL]DVWRVRZDQLH7RWHĪFLNWyU]\]GROQLE\OL]DRIHURZDüQRZ\PZáDGFRP
MDNLHĞWDOHQW\EąGĨXVáXJLSURSDJDQGRZH]QDOHĨOLGURJĊGRIRUPXMąFHMVLĊQRZHMJyU\
VSRáHF]QHM
1LH]QDF]\WRMHGQDNĪHGHNODUXMąF\JRWRZRĞüZVSyáSUDF\RWU]\PDáQDW\FKPLDVW
SU]HSXVWNĊ¶ .U\WHULXP ZVWĊSX E\áR ]DXIDQLH ZáDGFyZ &L ]DĞ REGDU]DOL QLP OXG]L
RVSUDZG]RQ\FKVNUXSXODWQLH]DOHWDFKFKDUDNWHUX7DNLFKMDNWFKyU]RVWZRJRWRZRĞüGR
SRSDUFLDNDĪGHJRáDMGDFWZDZLGHRORJLLLSROLW\FHQDGHZV]\VWNR]DĞĞOHS\VWUDFKSU]HG
V]DURĞFLąĪ\FLDEH]GRVWĊSQ\FKOXNVXVyZ:LHOXFKĊWQ\FKRGSDGáRSRGURG]HàDVNDZ\-
QLHVLHQLDVSá\QĊáDQDQDMEDUG]LHMXOHJá\FKLVSU]HGDMQ\FK']LVLHMV]DSRWĊJDQRZHMJyU\
VSRáHF]QHMZ\áRQLáDVLĊZODWDFKVWDOLQRZVNLHJRWHUURUX-HMSRF]ąWNLE\á\JURWHVNRZH
.RPXQL]PSRWU]HERZDáILJXUDQWyZNDPXIOXMąF\FKVZ\PLQD]ZLVNDPLLSRVWDFLDPLMHJR
SRF]\QDQLD ZREHF RSRUQ\FK QDURGyZ L QLHXIQHM ]DJUDQLF\ 3RWU]HERZDá KLVWRU\F]QR²
DU\VWRNUDW\F]Q\FK QD]ZLVN NWyUH DSHORZDá\E\ GR QDFMRQDOL]PyZ NDWROLNyZ NWyU]\
JáRVLOLE\ĪH6WDOLQJRUĊFHMRGSDSLHĪDNRFKD.RĞFLyáLZLHUQ\FKSU]\ZyGFyZVWURQQLFWZ
FKáRSVNLFKNWyU]\ZĪ\FLXQDZVLQLHE\OLZ\ELWQ\FKSLVDU]\LDUW\VWyZNWyU]\GRZR-
G]LOLE\ĪHGZDUD]\GZDMHVWSLĊü*LĊWNRĞüL]UĊF]QRĞüZWDNLHMJLPQDVW\FHXP\VáRZHM
LPRUDOQHM]DSHZQLDáD]\VNLL]DV]F]\W\,POHSLHMNWRĞSRWUDILáRSRZLHG]LHüMDNVáRĔFH
NUĊFLVLĊZRNyá]LHPLW\PZLĊNV]ąRWU]\P\ZDáQDJURGĊ:SUDVLH]QDOHĨüPRĪQDE\áR
QD]ZLVNDQDGHUG]LĞQD=DFKRG]LHFHQLRQHSRGDUW\NXáDPL]NWyU\FKZ\QLNDáRĪHPDáH
G]LHFLXPLHUDMą]JáRGXQDXOLFDFK1RZHJR-RUNXD6WDOLQMHVWJHQLDOQLHMV]\PIL]\NLHP
QLĪ(LQVWHLQ1LHNWyU]\G]LĞJáRV]ąĪHE\OLSRGSUHVMąJUyĨELQLHZ\MDĞQLRQ\FKNRQLHF]-
QRĞFLZUĊF]JZDáWyZ]HVWURQ\SROLFMLSROLW\F]QHMĩHPXVLHOLĪHZV]\VF\WDNURELOLĪH
QLNWQLHE\áOHSV]\6ąWRMDVNUDZHSU]HLQDF]HQLDIDNWyZ1LNRPXQLHSU]\NáDGDQRSLVWR-
OHWXGRVNURQLF]HJRQDMOHSV]\PGRZRGHPMHVWZLĊNV]RĞüLQWHOLJHQFMLLLQWHOHNWXDOLVWyZ
W\FKNUDMyZNWyUDSU]HĪ\áDVWDOLQL]PMHG\QLHZJRUV]\FKPLHV]NDQLDFKMHG]ąFJRU]HM
LQLHMHĪGĪąF]DJUDQLFĊ,PSHUDW\ZHPE\áDZDQVGRQRZHMJyU\VSRáHF]QHMXĞZLĊFD-
MąF\LFKUD]QD]DZV]HZNDWHJRULLOXG]LZ\QLHVLRQ\FKLSU]H]QDF]RQ\FKGRGREURE\WX
3RF]XFLHZáDVQHMSURGXNW\ZQRĞFLMHVWZNRPXQL]PLHQDMZ\ĪV]\POXNVXVHPSV\FKROR-
JLF]Q\P
5D]QD]DZV]HDOERZLHPZDĪNąFHFKąQRZHMJyU\VSRáHF]QHMMHVWMHMVWDELOQRĞü
1DG]RUF\]NODV\U]ąG]ąFHMJLQąZEH]SDUGRQRZ\FKZDONDFKRVZH]QDF]HQLHVSDGDMą
]Z\Ī\QSRWĊJLGRFHOZLĊ]LHQQ\FKOXEQDQĊG]QHHPHU\WXU\,QWHOHNWXDOLĞFLG\SORPD-
DTP by SHADE 100
FLDUW\ĞFL]QRZHMJyU\VSRáHF]QHMWUZDMąQLH]PLHQQLHQDUD]RVLąJQLĊW\FKZMHMáRQLH
SR]\FMDFK$NFHVGRQLHMMHVWDXWRPDW\F]QąJZDUDQFMąVWDELOQRĞFLERZLHPRGE\ZDVLĊ
SRSU]H]Z\EyUSRVWDZ\RSRUWXQLVW\F]QHMD]DWHPXQLZHUVDOQLHIXQNFMRQXMąFHMLSU]\-
GDWQHMZNDĪG\FKZDUXQNDFKMDNRVáXĪEDZV]\VWNRMHGQRNRPX,PF\QLF]QLHMV]\VHU-
ZLOL]PW\PEDUG]LHMZ]UDVWDSHZQRĞüSU]HWUZDQLDZV]HONLFK]PLDQLSROLW\F]Q\FKEXU]
1RZDNODVDVSRáHF]QDQLHMHVWQLJG\]DPNQLĊWDLSU]\VWąSLHQLHGRQLHM]DZV]HMHVW
PRĪOLZHGODQRZ\FK5DVWLJQDF¶yZ0HFKDQL]PSU]\VWĊSRZDQLDMHVWZ\QLNLHPSRVWDZ\
F]\QQHM OXE ELHUQHM : SLHUZV]\P Z\SDGNX RERZLą]XMH JáRV]HQLH VZHM ZLDU\ -HVW WR
SUHF\]\MQLHRSUDFRZDQDWHFKQLNDREáXG\DOERZLHPJáRV]ąF\QDMF]ĊĞFLHMJDUG]ąNRPX-
QL]PHPDSRWHR]XMąFJRUyZQRF]HĞQLHZVZRLFKXWZRUDFKLSU]HPyZLHQLDFK8QLNDMą
MHGQDNSU\PLW\ZL]PXX]HZQĊWU]QLDMą]UĊF]QLHVZHRSRU\L]DVWU]HĪHQLDRVWHQWDF\MQą
WURVNĊRQLHGRVNRQDáRĞüNRPXQLVW\F]QHMSUDNW\NL WHRULDMHVWĞZLĊWD ZDKDMąVLĊSX-
EOLF]QLHLGEDMąXVLOQLHRW]ZV]F]HURĞüGHF\]ML:NRĔFXMHGQDNRGQDMGXMą²UyZQLHĪ
SXEOLF]QLH²QDMJáĊEV]H]áRĪDKXPDQLWDU\]PXPąGURĞFLLVSUDZLHGOLZRĞFLZNRPXQL-
]PLH ]D FR KRQRUDULD LFK Z]UDVWDMą GR EDMHF]Q\FK UR]PLDUyZ : RNUHVLH VWDOLQL]PX
VFKHPDWGHPRQRORJLLE\áSURVW\]MHGQHMVWURQ\V]DWDQDPHU\NDĔVNLHJRLPSHULDOL]PX
LMHJRGRPRZHZFLHOHQLD²ERJDW\FKáRSEXUĪXMLDJHQW&,$]GUXJLHM²NRPXQLVW\F]Q\
DQLRáF]\OLVWDOLQRZVNLDSDUDWZáDG]\$NWXDOQLHVSUDZ\XOHJá\VNRPSOLNRZDQLXWU]HED
]DVSRNRLüĪąGDQLDG\VSRQHQWyZSLHQLĊG]PLDOHWHĪLQLHRGVWUDV]DüSXEOLF]QRĞFL²QLH-
FKĊWQHMLVFHSW\F]QHM:REHFWHJRDJHQWD&,$EROą]ĊE\LQLNF]HPQRĞüMHJRPRĪHE\ü
ZUyZQHMPLHU]HZ\QLNLHPWUXGQHJRG]LHFLĔVWZDMDNUR]ND]yZ3HQWDJRQXGREU\]DĞ
NRPXQLVWDWRQLHZEáĊGDFKLZDGDFKFKDUDNWHUXFRMHVWPLDUąMHJRF]áRZLHF]HĔVWZD
SRQLHZDĪP\ĞOLGLDOHNW\F]QLHZLĊFZNRĔFXSRNRQ\ZDVIUXVWURZDQHJRDJHQWD=GDU]D
VLĊĪHF]áRQHNQRZHMJyU\VSRáHF]QHMMHVWSUDZRZLHUQ\PPDUNVLVWąMHVWWRZ\SDGHN
U]DGNLSUDZRZLHUQ\PDUNVLVWDEH]ZUDĪOLZHJRVXPLHQLDMHVWF]áRQNLHPNODV\U]ąG]ąFHM
REFLąĪRQ\VXPLHQLHPV]\ENRSU]HPLHQLDVLĊZUR]F]DURZDQHJRNU\W\NDSU]H]FRZ\-
SDGD]QRZHMNODV\VSRáHF]QHMLVWDF]DVLĊGRSR]LRPXUHV]W\VSRáHF]HĔVWZDXOHJDMąF
F]DVHP JZDáWRZQLHMV]\P SU]HĞODGRZDQLRP QLĪ ERMRZL QLHPDUNVLĞFL 2 LOH VLĊ ]GDU]\
PDUNVLVWD]QRZHMJyU\VSRáHF]QHMSR]ZDODVRELHQDZLĊNV]ąGEDáRĞüRSR]RU\QLHSRU-
WUHWXMH DJHQWyZ DQL DSDUDWF]\NyZ SRG PRGQ\PL SU]HEUDQLDPL OHF] Z\DOLHQRZDQ\FK
LQWHOHNWXDOLVWyZNWyU]\ĨOHVLĊF]XMąZNRPXQL]PLHZNRĔFXMHGQDNSU]HNRQXMąVLĊĪH
]DFKRGQLDGHPRNUDFMDLMH@ILOR]RILF]QHUHFHSW\MDNFKU]HĞFLMDĔVWZRF]\HJ]\VWHQFMD-
OL]PVąJRUV]HSRGNDĪG\PZ]JOĊGHP
0RĪQDVWDüVLĊF]áRQNLHPJyU\VSRáHF]QHMZZ\QLNXSRVWDZ\ELHUQHM6SURZDG]D
VLĊWRGRNXPXORZDQLDSLHQLĊG]\]DV]F]\WyZLSU]\ZLOHMyZSU]\MDNQDMPQLHMV]\FKVHU-
ZLWXWDFK0X]\NDMHVW]QDWXU\U]HF]\LGHRORJLF]QLHRERMĊWQDDOHNRPSR]\WRUQD]\ZD-
MąF VZą V\PIRQLĊ ÄĝZLĊWHP ZLRVQ\´ RVLąJQąü PRĪH FR QDMZ\ĪHM VXNFHV DUW\VW\F]Q\
MHĞOLMHGQDNQD]ZLHMąÄĝZLĊWHPUHZROXFML´OXEÄ.DQWDWąR/HQLQLH´VSDGQLHQDĔGHV]F]
QDJUyG L QLHXVWDMąF\FK Z\NRQDĔ Z UDGLX L Z ILOKDUPRQLDFK : áRQLH QRZHM JyU\ VSR-
áHF]QHMZV]\VF\XĞPLHFKDüVLĊEĊGą]H]UR]XPLHQLHP]QDMąFSRJDUGĊNRPSR]\WRUDGOD
UHZROXFMLL/HQLQDIDNW]DĞĪHVSRáHF]HĔVWZRX]QDJR]DNDULHURZLF]DMHVWNRPSR]\WR-
URZL RERMĊWQ\ JG\Ī RQ VDP PD VLĊ ]D FKDU\]PDW\F]QHJR DUW\VWĊNWyUHPX ZV]\VWNR
MHVWGR]ZRORQHFRVáXĪ\MHJRZáDVQHMWZyUF]RĞFL$NWRURGWZDU]DMąF\F]ĊVWRL]JRUOLZ\P
]DSDáHPUROHZVRFMDOOLVW\F]QR±UHDOLVW\F]Q\FKV]WXNDFKLILOPDFKPRĪHE\üSHZQ\HQWX-
]MDVW\F]Q\FKUHFHQ]MLEH]Z]JOĊGXQDWRF]\MHVWDNWRUHPGREU\PF]\]á\P3URGXNFMD
NXOWXU\PDVRZHMXUXFKDPLDPQyVWZR]DZRGyZVHPLDUW\VW\F]Q\FKLSRPRFQ\FKWZyU-
F]RĞFL DUFKLWHNWyZ±GHNRUDWRUyZRSHUDWRUyZILOPRZ\FKDXWRUyZSRSXODUQ\FKSLRVH-
QHNLWHNVWyZLQĪ\QLHUyZGĨZLĊNX=DUDELDVLĊZQLFK]QDF]QLHOHSLHMQLĪZLQQ\FK
Z\VWDUF]\ZLĊF]GDZNRZHSRFKOHEVWZRZXG]LHODQ\PZ\ZLDG]LHF]\]ZURWNDZSLRVHQ-
FH]UĊF]QLHREOLF]RQHQDJXVWNODV\U]ąG]ąFHMDE\VWDQąüZSHáQ\PEODVNXUHNODP\
DW\PVDP\PX]\VNDüELOHWGRQRZHMJyU\VSRáHF]QHM5HNODPDLODQVRZDQLHRGJU\ZD
QLHSRĞOHGQLą UROĊ Z QLHXVWDMąF\P NV]WDáWRZDQLX QRZHM JyU\ VSRáHF]QHM Z\JOąGD RQD
]DĞ]XSHáQLHLQDF]HMQLĪZVSRáHF]HĔVWZDFKZROQ\FK-HVWWRSRSXODUQRĞüGHNUHWRZDQD
DTP by SHADE 101
1LHPRĪQDMHMX]\VNDüDQLRVRELVWąZDUWRĞFLąDQLDWUDNF\MQRĞFLąWDOHQWXQLHPRĪQDMHM
NXSLü²PRĪQDMąW\ONRRWU]\PDüZQDJURGĊ]DRGGDQHXVáXJL*G\ZV]HONLHPDVRZH
ĞURGNLSU]HND]XVNRQFHQWURZDQHVąZUĊNDFKNODV\U]ąG]ąFHMZ\ZLDG]DXWRUHPDN-
WRUHPXF]RQ\PF]\Z\QDOD]FąQLHMHVWUH]XOWDWHPDQLMHJR]DVáXJDQLSRSXODUQRĞFL
OHF]Z\áąF]QLHPLHUQLNLHPMHJRXĪ\WHF]QRĞFLGODZáDGFyZ0RĪQD]GQLDQDG]LHĔVWDü
VLĊVáDZQ\PL ZLHOELRQ\PQLHGODWHJRĪHWDNLE\áZHUG\NWSXEOLF]QRĞFL OHF] GODWHJR
ĪH ]GHF\GRZDáD WR SDUWLD ĪDGQD ]DĞ UHNODPD UyZQDü VLĊ QLF PRĪH ]H VNXWHF]QRĞFLą
Z PRGHORZDQLX SVHXGR]QDNRPLWRĞFL MDNą G\VSRQXMH NRPXQLVW\F]QH PDVRZH ĞURGNL
SU]HND]X
3RSXODUQRĞü RVRELVWD QLH MHVW DQL FHOHP DQL SU]\F]\Q\ SXEOLFLW\ QLH VWDQRZL WHĪ
RVXNFHVLHILQDQVRZ\P3XEOLFLW\PD]D]DGDQLHXVWDZLHQLHGDQHMSHUVRQDOLW\ZWDNLP
U]ĊG]LH L Z WDNLFK ĞZLDWáDFK DE\ PyJá QDĔ VSá\Qąü VWUXPLHĔ SU]\ZLOHMyZ L Z\QDJUR-
G]HĔ]ODVNLNODV\U]ąG]ąFHM=GDU]DVLĊF]DVHPĪHPáRG\SLVDU]DNWRUF]\SLRVHQNDU]
]GREĊG]LHVRELHV]HURNLHJXVW\SXEOLF]QRĞFL]RVWDMHRQZWHG\GRNáDGQLHVSUDZG]RQ\
SU]H] NODVĊ U]ąG]ąFą ] SXQNWX ZLG]HQLD VZHM SROLW\F]QR±SURSDJDQGRZHM SU]\GDWQR-
ĞFL-HĞOLX]QDQ\]RVWDQLH]DQLHV]NRGOLZHJRLMHJRSURGXNWF]\LQG\ZLGXDOQRĞüVáXĪ\ü
PRJą GR LOXVWUDFML U]HNRPHM VZRERG\ NXOWXU\ L UR]U\ZNL ZWHG\ ² ZUD] ] SLHQLĊG]PL
L UHNODPą ² RWU]\PXMH ZVWĊS GR QRZHM JyU\ VSRáHF]QHM -HĞOL MHGQDN NWRĞ XSLHUD VLĊ
SU]\VZRMHMVDPRG]LHOQRĞFLLQLH]DOHĪQRĞFLZWHG\VND]DQ\MHVWQDWRWDOQHSU]HPLOF]HQLH
LZ\PD]DQLHUHGDNWRU]\JD]HWUDGLDWHOHZL]MLDZLĊFF]áRQNRZLHNODV\U]ąG]ąFHMQLH
GRSXV]F]ąGRQDMPQLHMV]HMZ]PLDQNLRMHJRLVWQLHQLXQDZHWJG\SXEOLF]QRĞüZ\U\ZD
VRELHMHJRNVLąĪNL]UąNLSU]HSLVXMHMHSU\ZDWQLHQDPDV]\QLH$OERZLHPQDMEDUG]LHM
GZX]QDF]Qą L Z\UDILQRZDQą FHFKą QRZHM JyU\ VSRáHF]QHM NWyUD F]\QL ] QLHM QLHRFH-
QLRQ\ LQVWUXPHQW Z UĊNDFKNODV\ U]ąG]ąFHM MHVW MHM XPLHMĊWQRĞü SURGXNRZDQLD WUHĞFL
DUW\VW\F]QR±LQWHOHNWXDOQ\FK NWyUH Z\JOąGDMą QD ZROQH OLEHUDOQH L QLHEH]SLHF]QH GOD
NRPXQL]PXDZLVWRFLHVZHMQLHVąZQDMPQLHMV]\PVWRSQLXDQLQLH]DOHĪQHDQLJURĨQH
0DáHWHDWU]\NLOLWHUDFNLHZ3ROVFHF]\Z&]HFKRVáRZDFMLZ\GDMąVLĊ=DFKRGRZLSRWHQFMD-
áDPLNU\W\NLLVDW\U\]DJUDĪDMąFHMNRPXQL]PRZLMHVWWRNDUG\QDOQ\EáąGDOERZLHPVą
RQHZ\UD]HPNSLDUVNLHMDPELZDOHQFMLLRSRUWXQL]PXQRZHMJyU\VSRáHF]QHM*G\E\E\á\
JURĨQHWRE\LFKQLHE\áR
&KDUDNWHU\VW\F]Q\ GOD SRVWDZ\ ELHUQHM MHVW F\QL]P DQJDĪRZDQLD VLĊ RVWURĪQHJR
LGZX]QDF]QHJR0X]\NLDNWRUSRGNUHĞODMąQDNDĪG\PNURNXĪHXSUDZLDMąV]WXNLRER-
MĊWQHLQHXWUDOQH]ZROQLRQH]ZV]HONLHMRGSRZLHG]LDOQRĞFL3LVDU]]QRZHMJyU\VSRáHF]-
QHMXZDĪDáE\]DQDMZ\ĪV]ąKDĔEĊVWRVXQNL WRZDU]\VNLH] G\UHNWRUHPFHQ]XU\PLPR
ĪH WHQ MHVW MHJR IDNW\F]Q\P VRMXV]QLNLHP L EURQL JR SU]HG NRQNXUHQFMą XF]FLZV]\FK
L]GROQLHMV]\FK
:ZLĊNV]RĞFLMĊ]\NyZZVFKRGQLRHXURSHMVNLFKQRZDJyUD6SRáHF]QDQD]\ZDQDMHVW
ÄSURILWDULDW´3RODF\PyZLąRQLHMÄZáDĞFLFLHOH3ROVNL/XGRZHM´=\VNLZáDVQRĞüRNUHĞOD
LFK]DWHPQDMSUHF\]\MQLHMZĞZLDGRPRĞFLVSRáHF]HĔVWZ-DNZLĊFZ\JOąGDLFKPDWHULDO-
Q\]E\WHNLÄGROFHYLWD´"
3ROHJD RQ SU]HGH ZV]\VWNLP QD Z\RGUĊEQLHQLX ]H VSRáHF]QHJR RWRF]HQLD 0LOLR-
QHU DPHU\NDĔVNL DQJLHOVNL DU\VWRNUDWD F]\ IUDQFXVNL Z]LĊW\ DUW\VWD Ī\Mą Z ]QDF]QHM
UyĪQLF\VWDQGDUGXRGZáDVQ\FKVSRáHF]HĔVWZQLHPQLHMVąWRUyĪQLFHMDNRĞFLRZHLLOR-
ĞFLRZH D QLH SU]HGPLRWRZH : NRĔFX NDĪG\ QLHPDO $PHU\NDQLQ $QJOLN F]\ )UDQFX]
VWDZLDMąFVRELH]DFHOVDPRFKyGGRPHNMHGQRURG]LQQ\F]\SRGUyĪ]DJUDQLF]QąPRĪH
WHQ FHO RVLąJQąü SU]\ SRPRF\ SUDF\ QDZHW IL]\F]QHM /XG]LH ERJDFL PDMą SR SURVWX
OHSV]HVDPRFKRG\ZLĊNV]HGRP\LRGE\ZDMąF]ĊVWV]HLGDOV]HSRGUyĪH:NRPXQL]PLH
SRVLDGDQLHZáDVQHJRGZXSRNRMRZHJRPLHV]NDQLDMHVWQLHRVLąJDOQHGODSU]\WáDF]DMąFHM
ZLĊNV]RĞFLVSRáHF]HĔVWZDVDPRFKyGVWDQRZLSU]HMDZQDMZ\ĪV]HJRGREURE\WXSRGUyĪ
]DJUDQLF]QD MHVW VNRPSOLNRZDQ\P SU]HGVLĊZ]LĊFLHP NWyUH SODQXMH VLĊ ODWDPL L NWyUH
QDMF]ĊĞFLHM QLH GRFKRG]L GR VNXWNX 3UREOHP\ WH L WURVNL QLF WUDSLą F]áRQNyZ NRPXQL-
VW\F]QHMQRZHMJyU\VSRáHF]QHM
1ĊG]DPLHV]NDQLRZDMHVWHJLSVNąSODJąNRPXQL]PXGZLHRVRE\Ī\MąFHZPDá\P
DTP by SHADE 102
MHGQRSRNRMRZ\P PLHV]NDQLX VWDQRZLą RJyOQą QRUPĊ = UHJXá\ Z\MĊWH Vą NODVD U]ą-
G]ąFDPLNURVNRSLMQDJUXSDOXG]LNWyU\PQLHRGHEUDQRUHV]WHNPDMąWNXOHNDU]HVSH-
FMDOLĞFLQDXNRZLNWyU\FKNRPXQL]PPXVLWROHURZDüLZ\VRNRRSáDFDüQDZHWEH]ĞZLDG-
F]HĔSROLW\F]Q\FK]LFKVWURQ\,QRZDJyUDVSRáHF]QD7DRVWDWQLDRWU]\PXMHSU]\G]LDá\
V]F]HJyOQH QD VSHFMDOQH PLHV]NDQLD Z NWyU\FK QLH RERZLą]XMH VWRSLHĔ ]DJĊV]F]HQLD
L Z  OXE  SRNRMDFK Ī\Mą  GR  RVyE )LQDQVRZD ]DVREQRĞü SR]ZDOD QRZHM JyU]H
VSRáHF]QHMEXGRZDüGRPNLMHGQRURG]LQQHOXEZLOOHEH]ZWUąFDQLDVLĊXU]ĊGyZSRGDW-
NRZ\FK:Z\SDGNXJG\]DPRĪQ\OHNDU]OXENWRĞSRVLDGDMąF\IXQGXV]HGHF\GXMHVLĊ
QDEXGRZĊXU]ąGSRGDWNRZ\UR]SRF]\QDĞOHG]WZRVNąGEXGXMąF\ELHU]HQDWRĞURGNL
]UHJXá\Z\NU\ZDMDNLHĞÄQDGXĪ\FLD´LQLV]F]\JRQLHXVWDZRZ\PLSRGDWNDPLNWyUHPD
SUDZRZ\PLHU]DüGRZROQLHQLH]DOHĪQLHRGSU]HSLVyZILVNDOQ\FKOHNDU]RZLRLOHQLHMHVW
OHNDU]HPSDUW\MQ\PLXVWRVXQNRZDQ\P RLOHMHVWQDOHĪ\GRQRZHMJyU\VSRáHF]QHM 
XQLFHVWZLDVLĊSUDNW\NĊSU\ZDWQą7DNLHV]\NDQ\RPLMDMąQRZąJyUĊVSRáHF]Qą
*G\ ]QXG]L PX VLĊ ZáDVQH PLHV]NDQLH F]áRQHN WHM ÄJyU\´ PD GR G\VSR]\FML W]Z
GRP\SUDF\WZyUF]HMGODSLVDU]\PX]\NyZG]LHQQLNDU]\LWG6ąWRSU]HZDĪQLHVWDUH
SDáDFH SU]HREUDĪRQH Z NRPIRUWRZH SHQVMRQDW\ 2SáDW\ Vą QLHZLHONLH Z VWRVXQNX GR
FHQU\QNRZ\FK]DRSDWU]HQLH]DĞZĪ\ZQRĞüSRFKRG]L]HĨUyGHáVSHFMDOQ\FKJG\GDQ\
NUDMSU]HFKRG]LVZyMNROHLQ\NU\]\VĪ\ZQRĞFLRZ\LZPLDVWDFKWZRU]ąVLĊGáXJLHNROHMNL
SU]HG VNOHSDPL SU]HGVWDZLFLHOH QRZHM JyU\ VSRáHF]QHM XGDMą VLĊ PDVRZR GR GRPyZ
SUDF\WZyUF]HMJG]LHQLHJURĪąLPĪDGQH 2JUDQLF]HQLDLJG]LHPRJąVSRNRMQLHSLVDü
SRHPDW\RUyZQRĞFLLEUDWHUVWZLHRREILWRĞFLGyEUZVRFMDOL]PLHLRJáRG]LHZ\]\VNLZD-
Q\FKOXGyZNRORQLDOQ\FK
8ZDUXQNRZDQLHSROLW\F]QHQLHMHVWMHG\QąSU]HV]NRGąGODZ\MD]GXQD=DFKyGZD-
OXW\NUDMyZNRPXQLVW\F]Q\FKQLHPDMąNXUVXQD=DFKRG]LHWRWHĪZ\MD]GX]DOHĪQLRQ\
MHVW RG RWU]\PDQLD WZDUGHM ZDOXW\ NWyUHM MHG\Q\P SRVLDGDF]HP MHVW SDĔVWZR 7\ONR
QRZD JyUD VSRáHF]QD RWU]\PXMH EH] WUXGX ĞURGNL QD Z\MD]G 7DN E\áR RG SRF]ąWNX
ZVFKRGQLRHXURSHMVNDNODVDU]ąG]ąFDZSU]HFLZLHĔVWZLHGR=655QLJG\QLHRGFLQDáD
VLĊ RG NRQWDNWyZ ] =DFKRGHP =DFKyG MHVW NRU]\VWQLHMV]\P SDUWQHUHP KDQGORZ\P
MHJRSDUWLHNRPXQLVW\F]QH.OHZLFRZHVąWHUHQHPPLV\MQ\PLHZHQWXDOQ\PVRMXV]QL-
NLHP SU]HFLZ VRZLHFNLHM KHJHPRQLL SU]\QDOHĪQRĞü GR ]DFKRGQLHM F\ZLOL]DFML VWDQRZL
SRWĊĪQLQLJG\QLHZ\NRU]HQLRQąWĊVNQRWĊZVFKRGQLRHXURSHMVNLFKPDVZUHV]FLHU]ąG\
NRPXQLVW\F]QHE\á\ZW\FKNUDMDFKZ\QLNLHPSRUR]XPLHQLD=DFKRGX]H6WDOLQHPQDOH-
Ī\SU]HWR=DFKyGXSHZQLDüĪHQLH]URELáQLF]áHJRLGRNRQDáZáDĞFLZHJRZ\ERUX-HG]LH
ZLĊFQRZDJyUDVSRáHF]QDQD]MD]G\NRQJUHV\IHVWLZDOHGRMXU\PLĊG]\QDURGRZ\FK
NRQNXUVyZ.ODVDU]ąG]ąFDU\]\NXMHQLHZLHOHJG]LHĪPRĪHE\üF]áRQNRPQRZHMJyU\
VSRáHF]QHMOHSLHMQLĪZGRPX"=DFKyG]DĞRJOąGDMą]X]QDQLHP²]DFKZ\FDVLĊMDNGR-
EU]HSRZRG]LVLĊZNRPXQL]PLHSUDZG]LZ\PLQWHOHNWXDOLVWRP%LHGQ\=DFKyG1LHPD
SRMĊFLDRW\PMDNGRNáDGQHLQVWUXNFMHZVSUDZLHSRND]RZHJRQRQNRQIRUPL]PXRWU]\-
PXMąSU]HGZ\MD]GHP=UHV]WąNODVDU]ąG]ąFD]RVWDZLDVZ\PSRGZáDGQ\PGRĞüGXĪH
SROH GR SU\ZDWQHM SU]HGVLĊELRUF]RĞFL =QDQH Vą SRVWDFLH G]LHQQLNDU]\ NWyU]\ RIHUXMą
]DFKRGQLPOLQLRPORWQLF]\PSLVDQLHDUW\NXáyZRQLFKZNRPXQLVW\F]QHMSUDVLHZ]DPLDQ
]D NRV]WRZQH HJ]RW\F]QH SRGUyĪH =DFKRGQLH OLQLH ORWQLF]H GDMą LP GDUPRZH ELOHW\
L DSDQDĪH G]LHQQLNDU]H MDGą ZUDFDMą L SLV]ą ]MDGOLZH DQW\DPHU\NDĔVNLH UHSRUWDĪH
NLHG\LFKVSRQVRU]\URELąLPZ\U]XW\ĪHQLHGRWU]\PXMąXPRZ\LQDZHWQLHZVSRPL-
QDMąROLQLDFKNWyUHLFKJRĞFLá\G]LHQQLNDU]HSRZRáXMąVLĊQDFHQ]XUĊNWyUDMDNRE\QLH
SR]ZDODLPSLVDüSR]\W\ZQLHR]DFKRGQLFKSU]HGVLĊELRUVWZDFKF]\PRNUHĞODMąVLHELH
MDNR RILDU\ EUDNX ZROQRĞFL SUDV\ 2F]\ZLĞFLH MDNR Z\ELWQL UHSUH]HQWDQFL QRZHM JyU\
VSRáHF]QHMQLHPDMąQLJG\WUXGQRĞFL]RWU]\PDQLHPSDV]SRUWyZ]DJUDQLF]Q\FKLG]LDáDMą
ZSRUR]XPLHQLX]HVZ\PL]ZLHU]FKQLNDPL]NODV\U]ąG]ąFHMNWyU]\QD]\ZDMąWĊÄJLHU-
NĊ´URELHQLHPDQW\]DFKRGQLHMSURSDJDQG\]D]DFKRGQLHSLHQLąG]H
1LHXVWDMąFH Z\MD]G\ L UR]VąGQH RSHURZDQLH GLHWDPL VáXĪERZ\PL Vą ĨUyGáHP ]D-
FKRGQLFKVDPRFKRGyZRG]LHĪ\WHOHZL]RUyZLLQQ\FKDNFHVRULyZXPLODMąF\FKĪ\FLH=D-
FKRGQLREVHUZDWRUVWZLHUG]DF]ĊVWRNURü]H]GXPLHQLHPQDUyĪQ\FKSDUW\MDNZ\WZRUQ\
DTP by SHADE 103
WáXPJRRWDF]DVSRVyEXELHUDQLDVLĊNRELHWLPĊĪF]\]QQLHRGELHJDRGORQG\ĔVNR±SD-
U\VNLFKZ]RUyZ=DNXSLRQ\]DJUDQLFą]DSDĔVWZRZHSLHQLąG]HPDWHULDáRGGDMHVLĊGR
NUDZFD±U]HPLHĞOQLND NWyU\ ]D VNURPQą RSáDWą XELHUD F]áRQND QRZHM JyU\ VSRáHF]QHM
ZXEUDQLHVNURMRQHQDPLDUĊ
6DPRFKRG\VWURMHEXMQDWRZDU]\VNRĞüHNVNOX]\ZQHSU]\MĊFLDLPQyVWZRZROQHJR
F]DVXVSUDZLDMąĪHĪ\FLHVHNVXDOQHNZLWQLH8GHU]DMąF\NRQWUDVWVSRáHF]Q\SU]\FLąJD
PáRGHáDGQHG]LHZF]ĊWD]HĞURGRZLVNXSRĞOHG]RQ\FKF]\QL]QLFKáDWZ\áXS1DMEDU-
G]LHMDWUDNF\MQHLSU]HGVLĊELRUF]HZFKRG]ąGRQRZHMJUXS\VSRáHF]QHMMDNRĪRQ\ZMHM
REUĊELH]DFKRZXMąVLĊMDNĪRQ\PĊĪyZ]NODVSRVLDGDMąF\FKVNáRQQHVąGRSá\WNLFK
EH]SLHF]Q\FKSU]\JyGLHVNDSDG:NUDMDFKRILFMDOQHJRSXU\WDQL]PXJG]LHKRWHOHVNUX-
SXODWQLHVSUDZG]DMąVWDQF\ZLOQ\NDĪGHMSDU\RE\F]DMLHW\NDVHNVXDOQDV]XNDüPXV]ą
LQQ\FK XáDWZLHĔ 2EV]HUQH Z\JRGQH PLHV]NDQLD QRZHM JyU\ VSRáHF]QHM VDPRFKRG\
WHOHIRQ WUXGQR RVLąJDOQ\ GOD V]DUHJR RE\ZDWHOD  GHF\GXMą R XáDWZLHQLDFK WUyMNąW\
L F]ZRURNąW\ PDáĪHĔVNLH VDQNFMRQXMą VLĊ áDWZR Z W\FK ZDUXQNDFK ²Z UDPDFK HOD-
VW\F]QHM HW\NL 1LHXVWDMąFH UR]ZRG\ Vą U\WPHP Ī\FLD WRZDU]\VNLHJR QLH JRU]HM QLĪ
Z +ROO\ZRRG F]\QQD 5LYLHU]H +RPRVHNVXDOL]P SURVSHUXMH HNVFHV\ L RUJLH Z ĞFLĞOH
]DPNQLĊW\FKNyáNDFKQLHQDOHĪąGRU]DGNRĞFL*áRĞQDE\áDQLHJG\ĞZ%XGDSHV]FLHVSUD-
ZDZ\VRNLFKXU]ĊGQLNyZZĊJLHUVNLHJRORWQLFWZDF\ZLOQHJRREOHZDOLQDJLHG]LHZF]ĊWD
UR]WRSLRQą F]HNRODGą L ZVSyá]DZRGQLF]\OL Z ]OL]\ZDQLX ] QLFK VáRGNLHJR Sá\QX 0RĪH
FLHV]\OLE\ VLĊ Wą QLHZLQQą UR]U\ZNą GR G]LĞ JG\E\ QLH ]RVWDOL ]DGHQXQFMRZDQL SU]H]
NRJRĞNRPX]URELáRVLĊĪDOPDUQRZDQLDWDNLFKLORĞFLF]HNRODG\GUJQĊáRZQLPVXPLH-
QLHSRGGDQHJRV\VWHPXZNWyU\PĪ\ZQRĞüWUXGQLHMMHVWGRVWDUF]\üQDU\QHNQLĪSLĊNQH
G]LHZF]ĊWD
1RZD JyUD VSRáHF]QD QLH NDSLWDOL]XMH VZRLFK GRFKRGyZ 3RZRGHP MHVW ]DUyZQR
REDZDSU]HGNODVąU]ąG]ąFąNWyUDNU]\ZRSDWU]DáDE\QDJURPDG]HQLHPDMąWNyZMDN
L EUDN ]DXIDQLD GR NRPXQLVW\F]QHJR SLHQLąG]D ĩ\MH QD Z\VRNLHMVWRSLH OHF] EH] ]D-
EH]SLHF]HĔ]GQLDQDG]LHĔQLHĪDáXMąFVRELHQLF]HJRZNUDMX1DWRPLDVW]PLHQLDVLĊ
ZQLHQDV\FRQHJRGUDSLHĪQLNDLDUF\VNąSFDJG\FKRG]LRGHZL]\LGRODU\&]áRQNRZLHMHM
]GROQLVąGRNDĪGHMQLNF]HPQRĞFLLNDĪGHJRU\]\NDGODLFK]GRE\FLD=DURENLLRG]QDF]H-
QLDZGHZL]DFKWRV]F]\WPDU]HĔQDMZ\ĪV]\VXNFHVĞPLHUWHOQD]DZLĞü]HVWURQ\UHV]W\
ĞURGRZLVND'ODLFK]GRE\FLDSRGHMPXMHVLĊUyĪQHQLHOHJDOQHWUDQVDNFMHLNRPELQDFMH
NRĔF]ąFHVLĊF]ĊVWRXWUDWąSU]\ZLOHMyZ&]ĊĞFLHMMHGQDNNODVDU]ąG]ąFDSRWUDILZ\ED-
F]\üQDGXĪ\FLDL]DWU]HüNDĪG\VNDQGDO
%áĊGHP E\áRE\ XSDWU\ZDü SRVWDZĊ Ī\FLRZą F]áRQNyZ JyU\ VSRáHF]QHM Z\áąF]QLH
Z SRJRQL ]D PDWHULDOQ\PL VDW\VIDNFMDPL PRWRUHP LFK SRF]\QDĔ MHVW JáyG ]QDF]HQLD
LSRWU]HEDZ\QLHVLHQLDSRQDGLQQ\FK'RZRG]LWHJRLFKRVWURĪQRĞüLEDODQVZXMDZQLD-
QLX ZáDVQHJR SRZRG]HQLD Z MHJR FHOHEURZDQLX ]DVDGą MHVW ĪH QDOHĪ\ MH XND]\ZDü
JRUV]\PEOLĨQLPDOHRVWURĪQLHEH]EXG]HQLD]D]GURĞFLOHF]W\ONRSRG]LZNRQLHF]Q\GOD
GREUHJRVDPRSRF]XFLD:LHOXZLHU]\ZZ\MąWNRZRĞüVZHJRWDOHQWXLXZDĪDĪHZV]HO-
NLH ĞURGNL Vą XVSUDZLHGOLZLRQH GOD MHJR RWZDUWHM UHDOL]DFML DOERZLHP ]D  ODW QLNW
QLHVS\WDF]\WZyUFDE\áSROLW\F]Q\PKLSRNU\WĊW\ONRFRSRVRELH]RVWDZLá:\GDMHVLĊ
MHGQDNĪHORNDMVWZRLSRQLĪDMąFHSRVáXV]HĔVWZRVLOQLHMV]\PQLHVąĪ\]Q\PNOLPDWHP
GOD WZyUF]RĞFL MDN GRWąG QLH Z\SURGXNRZDQR Z NXOWXU]H (XURS\ ZVFKRGQLHM QLF]HJR
JRGQHJRSU]HWUZDQLD
=DUyZQRSRVWDZDF]\QQDMDNELHUQDVąZ\QLNLHPZROQHJRZ\ERUXF]\OLZVWĊSQHM
]JRG\QDF\QLF]Q\VHUZLOL]P&]áRQNRZLHQRZHMJyU\VSRáHF]QHMQLHNU\MąWHJRDQLQLH
]DSU]HF]DMąWHPXZUR]PRZDFKSU\ZDWQ\FK:SRV]XNLZDQLXX]DVDGQLHĔNáDGąQDFLVN
QDSU]\PXVNWyUHPXXOHJDMą-HVWWRVąG]ąF]LFKVáyZSU]\PXVDPELZDOHQWQ\]MHG-
QHMVWURQ\EUXWDOQDSUHVMDNODV\U]ąG]ąFHM]GUXJLHM²RERZLą]HNZ]JOĊGHPQDURGX
RMF]\]Q\ V]HU]HM SRMĊWHM NXOWXU\ : GUXJLP Z\SDGNX F]áRQHN QRZHM JyU\ VSRáHF]QHM
]DNáDGDDSULRULVZRMąJHQLDOQRĞüF]\QLHRG]RZQRĞüGODQDURGXNXOWXU\LWGNWyUD]PX-
V]DJRGRSU]\MĊFLDZDUXQNyZNODV\U]ąG]ąFHM7DND]XLVW\NDSURZDG]LGRUyĪQ\FKSR-
ZLNáDĔSV\FKLF]Q\FKF]áRQNRZLHQRZHMJyU\VSRáHF]QHMSUDJQąDE\U]HNRP\JZDáWQD
DTP by SHADE 104
LFKVXPLHQLDFKGRVWU]HĪRQ\]RVWDáLX]QDQ\]DJZDáWSU]H]LFKVSRáHF]HĔVWZDLRSLQLĊ
LQWHOHNWXDOQą=DFKRGXDE\LFKUR]WHUNLZHZQĊWU]QHGDá\LPUR]JU]HV]HQLH7NZLZQLFK
JáĊERNDQRVWDOJLD]DPRUDOQąF]\VWRĞFLąLSRWU]HEDXVSUDZLHGOLZLHĔDZLĊFĞZLDGRPRĞü
ZLQ\5RG]ąVLĊZQLFKNRPSOHNV\QRZDJyUDVSRáHF]QDZMDVNUDZ\PSU]HFLZLHĔVWZLH
GRNODV\U]ąG]ąFHMZVW\G]LVLĊVZ\FKNDULHUXNU\ZDMąFWHQZVW\GSR]DQRQV]DODQFNą
EXIRQDGąLQWHOHNWXDOQąLPRUDOQąHNZLOLEU\VW\Ną7RZDU]\V]\LPQLHRGVWĊSQ\Z\VLáHN
E\ NDULHU\ VZH SU]HGVWDZLDü MDNR UH]XOWDW SU]\PXVX VLHELH ]DĞ MDNR RILDU\ ÄF]HJRĞ´
1DGQLF]\PQRZDJyUDVSRáHF]QDQLHSUDFXMHWDNJRUąF]NRZRMDNQDGPLWHPRÄSU]HĞOD-
GRZDQLDFK´NWyU\PMDNRE\XOHJD]HVWURQ\NODV\U]ąG]ąFHMDZNWyUH=DFKyGZLHU]\
1LF WHĪ QLH VSUDZLD LP ZLĊNV]HM UR]NRV]\ RG FKZDOHQLD VLĊ W\PL ÄSU]HĞODGRZDQLDPL´
Z\VáXFKLZDQLDZ\UD]yZZVSyáF]XFLD]DFLHUSLHQLDOXESRFKZDá]DVZąQLHSU]HMHGQDQD
SU\QF\SLDOQRĞü L SUDZRĞü NWyU\PL QLHNWyU]\ LQWHOHNWXDOLĞFL =DFKRGX REV\SXMą QLHNWy-
U\FKF]áRQNyZNRPXQLVW\F]QHMQRZHMJyU\VSRáHF]QHM
Ä*yUD´WDZ\ZLHUDJáĊERNRQHJDW\ZQ\ZSá\ZQDRWDF]DMąFHMHVSRáHF]HĔVWZD2G
GZyFKVWXOHFLQDURG\(XURS\ZVFKRGQLHMSU]\Z\Ná\ZLG]LHüEXVROĊPRUDOQąZVZHMLQ-
WHOLJHQFMLF]HUSDü]QLHMNDWHJRULHKRQRUXLSU]\]ZRLWRĞFL1RZDJyUDVSRáHF]QDEĊGąF
F]ĊĞFLąLSRFKRGQąLQWHOLJHQFMLXUDELDQRZHNDWHJRULHLZ]RU\QLH]JRGQH]HV]ODFKHWQą
WUDG\FMą WHM ZDUVWZ\ VSRáHF]QHM &R JRUV]H SU]\ F]\QQ\P SRSDUFLX NODV\ U]ąG]ąFHM
X]XUSXMHVRELHNáDPOLZHSUDZRGRUHSUH]HQWRZDQLDFDáHMLQWHOLJHQFML:FK\WUHMWHFKQL-
FHSURMHNFMLSU]\SRPRF\NWyUHMNRPXQL]PXND]XMHVSRáHF]HĔVWZRPLFKZáDVQ\REUD]
QRZDJyUDVSRáHF]QDSU]\VáDQLDVREąW\FKNWyU]\EURQLąVLĊQLHXOHJDMąNRUXSFMLDQL
GHSUDZDFML)DáV]\ZDGLDOHNW\ND]Z\FLĊVNLHJRNRPXQL]PXZU\áDZVSRáHF]QąĞZLDGR-
PRĞüSUDZRĪHQLHPDWHJRF]HJRQLHZLGDü1DURG\SR]EDZLRQHZLGRNX]PDJDĔRQLH-
SRGOHJáRĞüXP\VáyZLFKDUDNWHUyZRERMĊWQLHMąPRUDOQLHPLĊNQąZRSRU]H:SLHUZF]\
SyĨQLHMSU]\MPXMąQRZąJyUĊVSRáHF]QąMDNRRELHNW]D]GURVQ\FKZHVWFKQLHĔLSORWHN
DWDNĪHMDNRQLH]DZRGQ\SU]HSLVQDMHGQRVWNRZHSRZRG]HQLHZĪ\FLX
1DOHĪ\Z\VWU]HJDüVLĊXSURV]F]HĔ1RZDJyUDVSRáHF]QDVNáDGDVLĊ]DUyZQR]F]áRQ-
NyZSDUWLLMDNL]EH]SDUW\MQ\FKOHJLW\PDFMDSDUW\MQDQLFQLH]QDF]\SU]\MHMRFHQDFK
LRSLVDFK1LHMHVWRGSRZLHGQLNLHPDQLUHSUH]HQWDQWHPHOLW\XP\VáRZHMQLHUHSUH]HQ-
WXMHNXOWXU\3HZQHG]LHG]LQ\NXOWXU\RGGDQHMHM]RVWDá\ZSDFKWPDRQDWDNĪHDPELFMH
Z\áąF]QRĞFLLKHJHPRQLLQLHXGDáRMHMVLĊMHGQDNQLJG\LQLJG]LHNXOWXU\]PRQRSROL]R-
ZDü:RNUHVLHSRVWVWDOLQRZVNLHMRGZLOĪ\Z3ROVFHLQD:ĊJU]HFKDSyĨQLHMZ&]HFKR-
VáRZDFMLNXOWXUD]GRáDáDVLĊZ\UZDü]XFKZ\WXNODV\U]ąG]ąFHMLQRZHMJyU\LVWDáDVLĊ
QDNUyWNRGRPHQąOLEHUDáyZQRQNRQIRUPLVWyZL]EXQWRZDQHMPáRG]LHĪ\
3RUyZQDQLH]]DFKRGQLąJyUąVSRáHF]QąZ\ND]XMHSRGRELHĔVWZDLUyĪQLFH7XLWDP
RSU]\QDOHĪQRĞFLGHF\GXMHSLHQLąG]SRZRG]HQLH²áDWZRĞüĪ\FLDLXĪ\FLD:NDSLWDOL-
]PLHDZDQWDĪHWHZ\QLNDMąDOER]G]LHG]LF]HQLDPDMąWNRZHJRDOERVFKOHELDQLDQLHZ\-
EUHGQ\PJXVWRPPDVNWyUHQLHZ\PDJDLQWHOLJHQFMLDQLEá\VNRWOLZRĞFLPRJąMHGQDN
E\üZ\QLNLHPDXWHQW\F]QLH]DVáXĪRQHJRVXNFHVX:NRPXQL]PLHVXNFHVMHVWZ\QLNLHP
F\QL]PXLLQWHOHNWXDOQHMSU]HELHJáRĞFL1D=DFKRG]LHPRGQDHOLWDVNáDGDVLĊSU]HZDĪQLH
] ERJDW\FK QLHUREyZ Z\]E\W\FK MDNLFKNROZLHN DPELFML SR]D Eá\V]F]HQLHP ] JZLD]G
HNUDQX L HVWUDG\ ĪHQXMąF\FK VZą XP\VáRZą WĊSRWą L FKDPVWZHP NWyU\FK Z\ZLDG\
ZSUDVLHXMDZQLDMąQLHSRMĊWHZUĊF]]áRĪDSV\FKLF]QHJRSURVWDFWZD:W\PXMĊFLXSRUyZ-
QDQLHZ\SDGDQDNRU]\ĞüNRPXQLVW\F]QHMPRGQHMHOLW\NWyUDMHVWJUXQWRZQLHZ\NV]WDá-
FRQD Eá\VNRWOLZD ]DMPXMąFD 2EFRZDQLH ] MHM SU]HGVWDZLFLHODPL VWDQRZL SUDZG]LZą
SU]\MHPQRĞüVąWRSU]HZDĪQLHOXG]LHSHáQLZG]LĊNXSURZDG]ąF\SDVMRQXMąFHUR]PRZ\
PLVWU]RZLHLURQLLLNSLQ\3U]\SRPLQDMąUHQHVDQVRZ\FKLURNRNRZ\FKGZRU]DQPąGU\FK
MDGRZLW\FKĞZLDGRP\FKZV]HONLFKWDMHPQLFĪ\FLDSU]HZURWQ\FKVDPRV]\GHUFyZLSR-
FKOHEFyZ3DQXMHZĞUyGQLFKNXOWGRZFLSX]DZV]HONDFHQĊQDZHW]DFHQĊUH]\JQDFML
]UHV]WHNZáDVQHMJRGQRĞFL=DFKRGQLDPRGQDHOLWDPLPRVZHMSá\FL]Q\XP\VáRZHMLPR-
UDOQR²LGHRZHMRERMĊWQRĞFLMHVWQLH]DOHĪQDRGVZ\FKZDUVWZU]ąG]ąF\FK]GRE\ZDVLĊ
F]DVDPLQDSRĪ\WHF]Q\PHFHQDWGODV]WXNF]\ILODQWURSLĊGODQDXNL1LHGHPRUDOL]XMH
VZ\FKVSRáHF]HĔVWZPáRG]LHĪPDGRĔVWRVXQHNOHNFHZDĪąF\MHĞOL]DĞVWDZLDVRELH]D
DTP by SHADE 105
FHOMHJRPDWHULDOQ\GREURE\WZWHG\Z\VWDUF]\ĪHGREU]HĞSLHZDMąFQDXF]\VLĊUyZQLHĪ
GREU]HVSU]HGDZDüVZyMWDOHQWOXEVFKOHELDüJXVWRPSXEOLF]QRĞFLFRPRĪH8QLFHVWZLD
PRUDOQLHMHGQRVWNĊOHF]QLHZ\U]ąG]DV]NRG\VSRáHF]QHM.RPXQLVW\F]QDPRGQDHOLWD
MHVWEH]EURQQ\PNOLHQWHPNODV\U]ąG]ąFHMDMDNRMHG\Q\UHJXODWRUVXNFHVXSURSRQXMH
NRQIRUPL]PF]\QLąF]VLHELHVDPHJRQLHXEáDJDQHJRGHSUDZDWRUD
=DFKyGD]ZáDV]F]DSHZQHMHJRNUĊJLLQWHOHNWXDOQHZLG]ąZQRZHMJyU]HVSRáHF]-
QHMVZHJRVRMXV]QLND3DQXMHEáĊGQDWHRULDĪHF\QL]PMHVWĨUyGáHPNRPXQLVW\F]Q\FK
UR]áDPyZVFKL]PLKHUH]MLĪHJáyGGyEUGRF]HVQ\FK]PXVLZNRĔFXVXURZ\FKGRJPD-
W\NyZ ] NODV\ U]ąG]ąFHM GR NRQFHVML ]DĞ QDF]HOQ\P FKRUąĪ\P NRQVXPSFML MHVW QRZD
JyUDVSRáHF]QD6SU]HGDMQRĞüMHMMHVWZRF]DFKSHZQ\FKSROLWLFDOVFLHQWLVWVRND]MąGR
LQILOWUDFMLGRZVWU]\NLZDQLDLGHMLNRQFHSFMLSROLW\F]Q\FKGR]DUDĪDQLDWDPW\FKVSRáH-
F]HĔVWZ=DFKRGHPMHJRNXOWXUąLF\ZLOL]DFMą&RSá\WVLLQDLZQLHMVLREVHUZDWRU]\]=D-
FKRGXSU]\MPXMąGHNODUDFMHQRZHMJyU\VSRáHF]QHMMDNRV]F]HUHZ\]QDQLDZLDU\LSU]H-
NRQDĔZLHU]ąZLFKRVWHQWDF\MQ\OLEHUDOL]PLRVWURĪQ\RSR]\FMRQL]P1LHGRFHQLDMąRQL
VWRSQLD ZLHUQRĞFL QRZHM JyU\ VSRáHF]QHM GOD VZ\FK NODV U]ąG]ąF\FK :LHUQRĞü WD QLH
MHVWU]HF]MDVQDFQRWąOHF]Z\UDFKRZDQLHP1LNWQDĞZLHFLHQLHMHVWZVWDQLHGDüOX-
G]LRPW\POHSV]HJRĪ\FLDRGLFKNODV\U]ąG]ąFHM'ODF]HJRZLĊFQDUDĪDüQDV]ZDQNFRĞ
F]HPXOHSLHMLáDWZLHMMHVWGDüSVHXGRPRUDOQHX]DVDGQLHQLH"1DZHWZFKZLOLQDMEDUG]LHM
EH]OLWRVQHM NRQIURQWDFML L UHNDSLWXODFML ZáDVQ\FK QĊG] XSDGNyZ L SRQLĪHĔ RVREQLN ]H
ZVFKRGQLR±HXURSHMVNLHMQRZHMJyU\VSRáHF]QHMZLHU]\LĪVZąREHFQRĞFLąKXPDQL]XMH
XSLĊNV]DLáDJRG]LFRĞJURĨQHJREUXGQHJRLQLHOXG]NLHJR8ZDĪDVLĊ]DUyĪĊZOXILHND-
UDELQXZ\PLHU]RQHJRZOXG]NRĞüLF]áRZLHF]HĔVWZR
.
&]HPXVáXĪ\VSRUW
.
6SRUW Z NRPXQL]PLH VáXĪ\ Z\ND]\ZDQLX Z\ĪV]RĞFL NRPXQL]PX QDG GHPRNUDFMą
7DNZDĪNLFHOXĞZLĊFDZV]HONLHGRVWĊSQHĞURGNLWRWHĪFLFR]DZLDGXMąVSRUWHPZNUD-
MDFKNRPXQLVW\F]Q\FK²DVąWRRJURPQHLQVW\WXFMHZZLHORSLĊWURZ\FKJPDFKDFKSHá-
Q\FK W\VLĊF\ XU]ĊGQLNyZ ² URELą ZV]\VWNR DE\ NRPXQLVW\F]QL ]DZRGQLF\ ]Z\FLĊĪDOL
ZVSRWNDQLDFK]]DZRGQLNDPLVSR]DNRPXQL]PX1DMSURVWV]\P]DELHJLHPMHVWMDN]D-
ZV]H SRVSROLWH RV]XVWZR SROHJDMąFH QD SU]HGVWDZLDQLX ]DZRGRZFyZ MDNR DPDWRUyZ
VNRURZLDGRPHMHVWĪHDPDWRUZGRELHG]LVLHMV]HMVSHFMDOL]DFMLQLHMHVWZVWDQLHSRNR-
QDü]DZRGRZFDNWyU\FDáHVZHĪ\FLHF]DVVLá\SRĞZLĊFDV]OLIRZDQLXVZHMIRUP\0áRG\
F]áRZLHNZNRPXQL]PLHNWyU\PDSRWHPXIL]\F]QHZDUXQNLZ\ELHUDNDULHUĊ]DZRGQL-
ND2LOHZ\NDĪHVLĊWDOHQWHPLZ\QLNDPLSDĔVWZRSU]\MPXMHGDOV]ąRGSRZLHG]LDOQRĞü
]DMHJRORV\Z\QDJUDG]DJRRZLHOHKRMQLHMQLĪNRJRNROZLHN]DSHZQLDPXGROFHYLWD
GRVWĊSQHW\ONRZ\EUDĔFRPORVXGEDRMHJRURG]LQĊREV\SXMHJRQDJURGDPLZIRUPLH
Z\JRGQ\FKPLHV]NDĔVDPRFKRGyZEH]SáDWQ\FKZDNDFMLZQDMOHSV]\FKKRWHODFKQLH
PyZLąFMXĪRWDNGUREQHMSUHPLLMDNSLHQLąG]HNWyUHSá\QąPXMDNROXNUDW\ZQHSHQVMH
]ILNF\MQ\FKSRVDGZIDEU\NDFKF]\ELXUDFKJG]LHQRJDMHJRQLJG\QLHSRVWDáD
-HG\Q\PMHJR]DGDQLHPZ]DPLDQ]DWHQUyJREILWRĞFLLWHERJDFWZDMHVWZ\JU\ZDü
]]DZRGQLNDPL]NUDMyZGHPRNUDW\F]Q\FKNWyU]\ELHJDMąVNDF]ąSá\ZDMąLZLRVáXMą
SRZRGRZDQL XSRGREDQLHP DPELFMą OXE SU]\MHPQRĞFLą ZDONL NWyU\P QLNW ]D QLF QLH
SáDFLSUyF]NRV]WyZSRGUyĪ\QDPHF]HL]DZRG\'ODF]HJR]DZRGQLF\]=DFKRGXELRUą
RGF]DVX,,:RMQ\ĝZLDWRZHMXG]LDáZRSHUHWNDFKLPDVNDUDGDFK]ZDQ\FKROLPSLDGDPL
SR]RVWDMHWDMHPQLFąGODZLHOXNLELFyZVSRUWRZ\FK]DĪHOD]QąNXUW\Qą
.WRĞ PRĪH VáXV]QLH ]DXZDĪ\ü ĪH PáRG]L OXG]LH Z $PHU\FH R LOH PDMą SR WHPX
ZDUXQNLIL]\F]QHLZ\NDĪąVLĊRGSRZLHGQLPWDOHQWHPLZ\QLNDPLZ\ELHUDMąNDULHUĊIXW-
EROLVW\F]\EDVHEROLVW\L]DUDELDMąRJURPQHSLHQLąG]H/HF]IXWEROLEDVHEROVąMHG\Q\PL
G\VF\SOLQDPLVSRUWRZ\PLZNWyU\FKNUDMHNRPXQLVW\F]QHQLHNRQNXUXMą]$PHU\Ną
7\PVDP\PQLHU\]\NXMąNDWDVWURIDOQ\FKNOĊVN*G\E\MHGQDNQDXF]\á\VLĊJUDüZIXWERO
LEDVHEROQDSHZQRRGPyZLá\E\VSRWNDĔ]*UHHQ%D\3DFNHUVF]\2ULROHV$OERZLHP
ZHGáXJNRPXQLQLVW\F]QHJRV\VWHPXZ\MDĞQLDQLD]MDZLVNFLRVWDWQLVąSURGXNWHPNDSL-
DTP by SHADE 106
WDOL]PXSáDFąFHJRVNRUXPSRZDQ\PDWOHWRPEUXGQHSLHQLąG]H]DEUXWDOQHSRND]\VLá\

.
.XOWXUD²F]\OLQLHZLDUDGRVNRQDáD
.
1yĪZLGHOHFLá\ĪND²XSURĞFLáNLHG\ĞSHZLHQSLVDU]SROVNL²WRF\ZLOL]DFMD=DĞ
VSRVyESRVáXJLZDQLDVLĊQLPL²WRNXOWXUD´2LOHZLĊFQDXNDV]WXNDOLWHUDWXUDVWDQRZLą
ZWUDG\F\MQ\PUR]XPLHQLXWĊF]ĊĞüF\ZLOL]DFMLNWyUąQD]\ZDP\NXOWXUąWRNRPXQL]P
V]XND EDUG]LHM SUHF\]\MQ\FK ]DV]HUHJRZDĔ 'RSLHUR VSRVyE SRVáXJLZDQLD VLĊ QDXNą
OLWHUDWXUąLV]WXNąGODVZRLFKZáDVQ\FKFHOyZMHVWQD]\ZDQ\SU]H]NRPXQLVWyZNXOWXUą
6WąGRELHNW\ZQ\]HVSyáVąGyZQRUPNU\WHULyZLRFHQVNáDGDMąF\VLĊQDĪ\FLHNXOWX-
UDOQHZGHPRNUDFMDFKQLHLVWQLHMHZNRPXQL]PLHL]DVWąSLRQ\MHVWSU]H]FRĞFR]ZLHVLĊ
SROLW\NąNXOWXUDOQą3ROLW\NDNXOWXUDOQDMHVWQLH]Z\NáąV\PELR]ąGRJPDW\]PXLNDSU\VX
:\GDMHVLĊWRQLHPRĪOLZRĞFLąOXESDUDGRNVHPOHF]VWDQRZLU]HF]\ZLVWRĞüZNRPXQL-
]PLH'ZDZDUXQNLPXV]ąE\üVSHáQLRQHGODMHMIXQNFMRQRZDQLDNDSU\VF]\OLQDMF]Ċ-
ĞFLHM NDSU\ĞQH SU]HLQDF]HQLH EąGĨ GLDPHWUDOQD DNFHSWDFMD F]HJRĞ FR MHV]F]H ZF]RUDM
XFKRG]LáR]DĞPLHUWHOQ\JU]HFKPXVLE\üSRVXQLĊW\GRJUDQLFVXUUHDOL]PX
6LáDNRPXQL]PXSROHJDMDNSHZLHQSLVDU]]DXZDĪ\áQDIDQWDVW\F]QRĞFL]MDZLVND
7RWHĪ MHĞOL ]DZLDGXMąF\ NXOWXUą Z NRPXQL]PLH R]QDMPLą ĪH ZF]RUDMV]\ JHQLXV] MHVW
G]LVLHMV]\P LGLRWą WR W\ONR WDN IDQWDVW\F]QD ZROWD PD V]DQVĊĪH NRQVXPHQW NXOWXU\
Z]UXV]\ UDPLRQDPL L SRZLH VRELH F]HPX QLH" 2ĞZLDGF]HQLH ERZLHP ĪH ZF]RUDMV]\
JHQLXV]PRĪHQLHMHVWWDNLPąGU\MDNE\VLĊZ\GDZDáRMHVW]DSURV]HQLHPGRSROHPLNL
DSROHPLNDZNRPXQL]PLHQLHLVWQLHMH,VWQLHMHW\ONRG\VNXVMDNWyUHMSUDZLGáDLSU]H-
SLV\VąĞFLĞOHRNUHĞORQHZROQRZQLHW\ONRZ\PLHQLüSU]\PLRWQLNLWDNĪHMHĞOLMHGHQ
G\VNXWDQW RĞZLDGF]\ ĪH NRPXQL]P MHVW GREU\ QDVWĊSQ\ PRĪH VLĊ ] QLP ]JRG]Lü OXE
QLHRĞZLDGF]DMąFĪHNRPXQL]PMHVWSLĊNQ\WU]HFL]DĞG\VNXWDQWPDSUDZR]DSU]HF]\ü
LPRERMJXLSRZLHG]LHüĪHNRPXQL]PMHVWLSLĊNQ\LGREU\3U]\NáDGWHQPRĪQDFLąJQąü
ZQLHVNRĔF]RQRĞüMDNRĪH]DFLHNáDNáyWQLDRWRF]\NRPXQL]PMHVWEDUG]LHMGREU\F]\
EDUG]LHMSLĊNQ\VWDQRZLZáDĞQLHMąGURSROLW\NLNXOWXUDOQHM
'UXJLZDUXQHNF]\OLGRJPDW\]PVWDQRZLQDWXUDOQąSU]HFLZZDJĊNDSU\VXF]\OLĪH
EąGĨDILUPDFMDEąGĨQHJDFMDZLPLĊLGLRW\]PXPXV]ąE\üMHGQDNRQLHZ]UXV]RQH'R
URNX:LOOLDP)DXONQHURNUHĞODQ\E\áSU]H]NRPXQLVW\F]QąNU\W\NĊOLWHUDFNąMDNR
]ERF]HQLHFLVDG\VWD+HPLQJZD\E\áSRGĪHJDF]HPZRMHQQ\PD-RKQ6WHLQEHFNWDQLP
SLVDU]HPSRUQRJUDILF]Q\P3RW\PURNXNWyU\MDNZLDGRPRVWDQRZLáSRF]ąWHNHU\W]Z
SRNRMRZHM NRHJ]\VWHQFML )DXONQHU X]QDQ\ ]RVWDá ]D ZLHONLHJR PRUDOLVWĊ +HPLQJZD\
DZDQVRZDáQDRVWDWQLHJRZLHONLHJRURPDQW\NDD6WHLQEHFNVWDáVLĊZLHONLPSLVDU]HP
RE\F]DMRZ\P:G]LHVLĊüODWSyĨQLHMRILFMDOQDGRNWU\QDSROLW\NLNXOWXUDOQHMRSDUWDE\áD
QDMXĪVWZLHUG]HQLXĪHZSUDZG]LH]LPQDZRMQDQLHLVWQLHMHOHF]SRNRMRZDNRHJ]\VWHQ-
FMDGRW\F]\W\ONRSROLW\NL]DJUDQLF]QHM²NDĪGDLQQDG]LHG]LQDĪ\FLDLP\ĞOLMHVWWHUHQHP
QLHXEáDJDQHM ZRMQ\ LGHRORJLF]QHM Z NWyUHM LPSHULDOLĞFL XĪ\ZDMą NDĪGHM PHWRG\ SUR-
ZDG]ąFHM GR UR]NáDGX SV\FKR±PRUDOQHJR VSRáHF]HĔVWZ VRFMDOLVW\F]Q\FK 7\P VDP\P
)DXONQHU]RVWDáZ\UDILQRZDQ\PREURĔFąUHV]WHNIHXGDOL]PX+HPLQJZD\DQLPDOLVW\F]-
Q\P EHKDZLRU\VWą ]DĞ 6WHLQEHFN XSDGá QD GQR SV\FKRORJL]PX JG]LH NDĪGą ]JQLáROL-
EHUDOQą SRGáRĞü X]DVDGQLü PRĪQD UHODW\ZLVW\F]Qą SV\FKRDQDOL]ą :V]\VF\ WU]HM DF]-
NROZLHNQLFZLFKĪ\FLRU\VDFKQLHZVND]XMHQDSRZLą]DQLH]Z\ZLDGHPDPHU\NDĔVNLP
VąMHGQDNRELHNW\ZQ\PLQDU]ĊG]LDPL&,$NWyUHM]DGDQLHPQDDNWXDOQ\PHWDSLHJG\
=655MHVWVLOQLHMV]\ ]GDQLHPGRJPDW\NyZ PLOLWDUQLHRG86$MHVW]DWUXüL]UHJHQHUR-
ZDüGXFKDQDURGyZNWyUHZ\EUDá\VRFMDOL]P'RZRG\QDWRVąRF]\ZLVWHNVLąĪNL+H-
PLQJZD\DL6WHLQEHFNDQDZHWZMHGQRUD]RZ\FK±W\VLĊF]Q\FKQDNáDGDFKZ\U\ZDQH
Vą]UąNVSU]HGDZFyZZ&]HFKRVáRZDFMLLQD:ĊJU]HFKL]QLNDMą]HVNOHSyZZFLąJXMHG-
QHJRGQLD)DXONQHU]DĞSU]HSLV\ZDQ\MHVWZ5RVMLQDSU\ZDWQ\FKPDV]\QDFKGRSLVDQLD
LNUąĪ\ZĞUyGPáRG]LHĪ\XQLZHUV\WHFNLHMZPDV]\QRSLVDFK²F]\OLZW]Z6DPL]GDFLH
WRMHVWZSRG]LHPQHMQLHOHJDOQHMIRUPLHUR]SURZDG]DQLDSLĞPLHQQLFWZD]DEURQLRQHJR
DTP by SHADE 107
RILFMDOQLHSU]H]ZáDG]HNRPXQLVW\F]QH)DNWĪHLVWQLHMHU]HF]\ZLVWRĞüZNWyUHMURERW-
QLN]DFDáRPLHVLĊF]QąSHQVMĊPRĪHNXSLüW\ONRMHGQąSDUĊEXWyZZNWyUHM7URFNLPRĪH
E\ü RJáRV]RQ\ DJHQWHP +LWOHUD L Z NWyUHM WR VDPR SRNROHQLH QDXF]D VLĊ ĪH WHQ VDP
SLVDU]MHVW]Z\URGQLDOFHPLPRUDOLVWąZ\GDMHVLĊQLHGRZLDU\$OH²MDNGRGDMHZ\ĪHM
Z]PLDQNRZDQ\ SLVDU] ² NRPXQLĞFL VWZRU]\OL ĞZLDW IDQWDVW\F]Q\ Z NWyU\ QLH PRĪQD
XZLHU]\ü²LZW\PLFKVLáD
3ROLW\NDNXOWXUDOQDMHVWG]LDáDQLHPNWyUHJRFHOHPQDMZ\ĪV]\PMHVWVWZRU]HQLHZLH-
G]\RW\PMDNOXG]LHPDMąP\ĞOHüLF]Xü.RPXQLĞFLQLHSRVLDGDMąWHMZLHG]\OHF]XVLáXMą
Mą]GRE\ü]DZV]HONąFHQĊEH]Z]JOĊGXQDRILDU\PDWHULDOQHQD]PDUQRZDQHĪ\ZRW\
MHGQRVWHNQDNOĊVNLUR]XPXQDĞPLHV]QRĞüMDNąRNU\ZDMąVLĊQDNDĪG\PNURNX
6WDQLVáDZ,JQDF\:LWNLHZLF]QDSLVDáZODWDFKGZXG]LHVW\FKJHQLDOQąSRZLHĞüDQW\-
F\SXMąFąILOR]RILF]QąLVWRWĊGZXG]LHVWRZLHF]Q\FKWRWDOL]PyZ]DQLPMHV]F]HNRPXQL]P
²QDMJURĨQLHMV]\]QLFK²XMDZQLáĞZLDWXVZHQLHGRVWU]HJDOQHQDyZF]DVPHFKDQL]P\
:LWNLHZLF]RSLVXMHNDULHUĊPDODMVNLHJRSURURNDQD]ZLVNLHP0XUWL±%LQJNWyU\JáRVLQRZą
ZLDUĊVWDQRZLąFąMDNE\NZLQWHVHQFMĊREH]ZáDGQLDQLDLVWRW\OXG]NLHM3RGVWDZRZ\PHOH-
PHQWHPUR]SU]HVWU]HQLDQLDWHMZLDU\MHVWPDáDSLJXáNDUR]GDZDQDSU]H]IDQDW\F]Q\FK
JáRVLFLHOL WHM ZLDU\ MDN G]LĞ F\WDW\ ] 0DR 7VH±WXQJD NWyUą QDOHĪ\ SRáNQąü 3RáNQLĊWD
]PLHQLDĞZLDWRSRJOąGLSR]ZDODQDEH]EROHVQHQDZHWHQWX]MDVW\F]QH]DDNFHSWRZDQLH
NDĪGHM]EURGQLLNDĪGHJRV]DOHĔVWZDSU]HGVWDZLDQ\PMDNRVSUDZLHGOLZRĞüLPąGURĞü
.RPXQLVW\F]QD SROLW\ND NXOWXUDOQD RSDUWD MHVW IXQGDPHQWDOQLH R UHFHSWĊ PXUWL±ELQ-
JL]PX .WRĞ NWR UD] SU]\Mąá NRPXQLVW\F]Qą KRVWLĊ SU]HREUDĪD VLĊ Z ĞZLDGRPRĞü EH]-
ZROQą L SRGDWQą QD SU]\MĊFLH VWZLHUG]HĔ L ]DOHFHĔ XUąJDMąF\FK QDMSU\PLW\ZQLHMV]\P
Z\PRJRPUR]VąGNX2GPDZLDMąF\QDUDĪDVLĊQDWRUWXU\PHQWDOQH.WyU\FKUR]FLąJáR-
ĞFLLGRJáĊEQRĞFLQLHVSRVyEMHVWZ\WáXPDF]\üQLNRPX]]HZQąWU]$OERZLHPZĪDGQHM
G]LHG]LQLHĪ\FLDNRV]PDUEH]VHQVXQLHSU]HMDZLDVLĊ]WDNąPRFąMDNZG]LHG]LQLHP\ĞOL
LWZyUF]RĞFLXP\VáRZHMF]\OLZNXOWXU]H
3ROLW\F\NXOWXUDOQLZ\FKRG]ą]]DáRĪHQLDĪHĞZLDWMHVWWDNLMDNLPNODV\F\LWHRUHW\F\
NRPXQL]PXJRSR]QDOLLRNUHĞOLOL6NRURU]HF]\ZLVWRĞüVLĊQLH]JDG]D]SU]HSLVHPW\P
JRU]HMGODQLHMLQDOHĪ\Mą]PLHQLDü7HQ]HVSyá]DVDGPDVHQVZSROLW\FHL²DF]NROZLHN
SURZDG]LGRW\UDQLL²QLHPQLHMMHVWORJLF]QLHVSRLVW\:NXOWXU]HMHGQDND]ZáDV]F]D
Z WZyUF]RĞFL SURZDG]L Z FKDRV R QLHVSRW\NDQ\P GRWąG QDSLĊFLX Z\NOXF]DMąF\FK VLĊ
Z]DMHPQLHNDWHJRULLRQWRORJLF]Q\FKLHSLVWRPRORJLF]Q\FK1LNWVRELHMDNGRWąGQLHGDá
UDG\]W\PRGPĊWHPĪPXGQLHZ\NRQF\SRZDQHJRXSUDV]F]DQLDLVSáDV]F]DQLDĞZLDWD
NWyUHPXGLDOHNW\F]QH]DSOHF]HL²OHWQLDDNXPXODFMDQDGDMą]HZQĊWU]QHFHFK\SRZDJL
LGRVWRMHĔVWZDDNWyU\RILFMDOQLHQD]\ZDVLĊGRURENLHPEąGĨSDQWHRQHPPDUNVRZVNR²
OHQLQRZVNLHM P\ĞOL =DVDGD WZRU]HQLD OLWHUDFNLHJR ]ZDQD UHDOL]PHP VRFMDOLVW\F]Q\P
JáRVLĪHĞZLDWPDE\üSU]HGVWDZLDQ\QLHMDNLPMHVWOHF]MDNLPSRZLQLHQE\ü]JRGQLH
] Z\REUDĪHQLHP NRPXQLVWyZ R W\P MDNLP SRZLQLHQ E\ü =MDZLD VLĊ SU]HWR S\WDQLH
GODF]HJR WDND PHWRGD WZyUF]RĞFL QD]\ZDQD MHVW UHDOL]PHP F]\OL RGWZDU]DQLHP U]H-
F]\ZLVWRĞFLWDNMDNąRQDMHVW]JRGQLH]QDMSRZV]HFKQLHMGRVWĊSQąRQLHMZLHG]ą1DZHW
QDMLQWHOLJHQWQLHMV]\NRPXQLVWDRGSRZLHQDWRĪHVNRURGRNWU\QDX]QDáDĪHĞZLDWSRZL-
QLHQE\üWDNLWRĞZLDWMHVWMXĪWDNLFRR]QDF]DNRQLHFUDFMRQDOQRĞFLVSRUX5]HF]MDVQD
WD PHWRGD UR]XPRZDQLD VXEOLPRZDQD MHVW Z QDMUyĪQLHMV]H GHOLNDWQRĞFL L VRIL]PDW\
PyZLVLĊRW\PĪHSUDZG]LZ\PUHDOL]PHPVRFMDOLVW\F]Q\PMHVWRGQDMG\ZDQLHJáĊERNR
XNU\W\FKWHQGHQFMLUR]ZRMXNWyUHVSUDZLDMąĪHRLOHQDZHWĞZLDWZ\JOąGDRELHNW\ZQLH
LQDF]HM WR SUDZGD R MHJR SU]\V]áRĞFL ]JRGQD MHVW QDMGRNáDGQLHM ] SUDZDPL GRNWU\Q\
FRVWDQRZLMDNE\UHDOL]PQDZ\URVW3RF]\PSRODWDFKRND]XMHVLĊĪHZV]\VWNRMHVW
LQDF]HMQLĪSU]HZLG\ZDá\WRNLHUXQNRZHUR]ZRMXVSU]HGSDUXODWRNUHĞODQHZWHG\MDNR
UHDOL]P SU]\V]áRĞFL L ZV]\VWNR UD] MHV]F]H RND]XMH VLĊ SLUDPLGDOQą E]GXUą R NWyUHM
áDWZR]DSRPQLHüPDMąFGRG\VSR]\FMLFHQ]XUĊNWyUDQLHSU]HSXĞFLVáRZDZVSRPQLHĔ
'ZD QDVWĊSQH SRMĊFLD RNUHĞODMą FDáRNV]WDáW WZRU]HQLD Z NRPXQL]PLH L VWDQRZLą
QDF]HOQHZ\W\F]QHSROLW\NLNXOWXUDOQHMQDZHWMHĞOLQD]Z\LFKVLĊ]PLHQLDMąEąGĨQDF]DV
MDNLĞ]RVWDMąZ\FRIDQH]RELHJX-HGQ\P]QLFKMHVWIRUPDOL]PF]\OLWHRULDĪHW\ONRWR
DTP by SHADE 108
FRVáXĪ\LGHRORJLLLSROLW\FHMHVWOLWHUDWXUąV]WXNąWHDWUHPLWGZV]\VWNR]DĞLQQHSXVWą
IRUPą EH] ĪDGQHM GOD NXOWXU\ ZDUWRĞFL 'UXJLH ]ZLH VLĊ NRVPRSROLW\]PHP L Z\MDĞQLD
ĪHW\ONRX]QDQLHSU\PDWXLZ\áąF]QRĞFLW\FKNWyU]\SRáRĪ\OLIXQGDPHQW\SRGNRPXQL-
VW\F]QąSU]\V]áRĞüĞZLDWDF]\OLZW\PZ\SDGNX5RVMDQFKURQLSU]HGXOHJDQLHPWRNV\-
QRPLPLNURERPREF\FKLZURJLFKLGHRORJLLVWąGWHQNWRXZDĪDĪH6]HNVSLUGDáZLĊFHM
ĞZLDWXQLĪ3XV]NLQMHVWSRGVWĊSQ\PNRVPRSROLWąSRGF]DVJG\WHQNWRWZDUGRREVWDMH
ĪH/HQLQMHVWZLĊFHMQLĪ(LQVWHLQL*DQGKLUD]HPMHVWLQWHUQDFMRQDOLVWąSRSLHUDMąF\P
F]\QQLHEUDWHUVWZROXGyZ
2EáĊGLZ\QDWXU]HQLDUHDOL]PXVRFMDOLVW\F]QHJRSRSHáQLRQHZZDOFH]IRUPDOL]PHP
LNRVPRSROLW\]PHPZLGRF]QHVąQDMOHSLHMZG]LHG]LQLHV]WXNSODVW\F]Q\FK.URZDSD-
VąFDVLĊQDSDVWZLVNXZEODVNX]DFKRG]ąFHJRVáRĔFDMHVWRF]\ZLĞFLHREUD]HPIRUPD-
OLVW\F]Q\POHF]WDVDPDNURZD²RLOHZW\WXOHREUD]X]D]QDF]RQH]RVWDQLHĪHMHVW
ZáDVQRĞFLąNRáFKR]X²VWDMHVLĊG]LHáHPVRFMDOLVW\F]QHJRUHDOL]PX-HĞOLQDWRPLDVWMDNLĞ
NU\W\NV]WXNLUyZQLHELHJá\ZGLDOHNW\FHMDNZDJU\NXOWXU]HZ\WURSLĪHMHVWWRNURZD
UDV\KROHQGHUVNLHMF]\OLSRFKRG]L]NUDMXQDOHĪąFHJRGR1$72DUW\VWDNWyU\MąQDPD-
ORZDáEĊG]LHRVNDUĪRQ\RNRVPRSROLW\]P.XEL]PWDV]\]PDEVWUDNFMRQL]PRJáRV]RQH
]RVWDá\IRUPDOLVW\F]QąWUXFL]QąLPSHULDOL]PXMDNUyZQLHĪNRQVWUXNW\ZL]PLIXQNFMRQD-
OL]PZDUFKLWHNWXU]H%\áHPNLHG\ĞĞZLDGNLHPG\VNXVMLVá\QQ\FKPDUNVLVWRZVNLFKILOR-
]RIyZV]WXNLLWHRUHW\NyZHVWHW\NLZF]DVLHNWyUHMVWZLHUG]RQRĪHNV]WDáWSURVWRNąWD
MHVW]JRGQ\]]DáRĪHQLDPLUHDOL]PXVRFMDOLVW\F]QHJRSRGF]DVJG\RZDOLNRáRVNDĪRQH
VąWHQGHQFMDIRUPDOLVW\F]QąLNRVPRSROLW\F]Qą²QLHSDPLĊWDPMXĪGRZRGXWHJRDN-
VMRPDWXOHF]ZLHPĪHRG]QDF]DáVLĊVFKRODVW\F]QąVXEWHOQRĞFLą1DGUXJLPELHJXQLH
UR]ZDĪDĔRV]WXFHSRVWDZLüQDOHĪ\JáRĞQąQLHJG\ĞRSLQLĊPDUV]DáND:RURV]\áRZDSUH-
]HVDUDG\QDMZ\ĪV]HM=655NWyU\]ZLHG]DMąFQLHJG\Ğ0X]HXP1DURGRZHZ:DUV]D-
ZLHQDZLGRNSáyFLHQVáDZQHJRSROVNLHJRSRVWLPSUHVMRQLVW\PUXNQąáSU]H]]DFLĞQLĊWH
ZDUJLÄ7DNLHPXDUW\ĞFLHWU]HEDE\áRXFLąüUĊFH´1DV]F]ĊĞFLHPDODU]MXĪQLHĪ\á
:(XURSLHZVFKRGQLHMODWV]HĞüG]LHVLąW\FKSROLW\NDNXOWXUDOQDXOHJáDGDOHNRLGąF\P
SU]HPLDQRPLZ\HOLPLQRZDáDNDU\NDWXUDOQHSU]HURVW\RUWRGRNVMLVRFUHDOLVW\F]QHM7HU-
PLQRORJLDNU\W\NLOLWHUDFNLHML DUW\VW\F]QHMXQLNDSDUW\MQHJRĪDUJRQXIRUPDOL]PL NR-
VPRSROLW\]PXWUDFLá\VZąPDJLĊLVZąPRF¶XQLFHVWZLDQLDOXG]LLFKWZyUF]RĞFLLFK]D-
PLDUyZ=DSRPLQDüMHGQDNQLHQDOHĪ\RW\PĪHHOHPHQWDUQDZVSyá]DOHĪQRĞüNDSU\VX
]GRJPDW\]PHPFLąJOHMHVWMHG\QąGHWHUPLQDFMąNXOWXU\MDNRG]LHG]LQ\Ī\FLD3ROLW\ND
NXOWXUDOQD VLĊ ]PLHQLD DOH ]RVWDMH QLHQDUXV]DOQą IXQNFMą RJyOQRSDĔVWZRZHM SROLW\NL
ZVIHU]HNXOWXU\3yNLWUZDWHQVWDQU]HF]\PRZ\E\üQLHPRĪHRVDPRG]LHOQRĞFLWZyU-
F]HMLQWHOHNWXDOLVWyZLDUW\VWyZZNRPXQL]PLHEH]Z]JOĊGXQDWRMDNLHIRUP\LSU]HMD-
Z\ĞPLDáRĞFLNU\W\NLLSRV]XNLZDĔEĊGąGR]ZRORQH
%H]Z]JOĊGXQDWRMDNDQRPHQNODWXUDU]ąG]LDNWXDOQLHSUDVąOLWHUDFNąLF]\ZROQR
MHVW FKZDOLü 3URXVWD L ZVSRPLQDü 'RVWRMHZVNLHJR NVLąĪND Z NRPXQL]PLH SLVDQD MHVW
FLąJOHSU]H]SLVDU]DMHJRUHGDNWRUDZZ\GDZQLFWZLHLFHQ]XUĊMDNRRVWDWHF]QąLQVWDQ-
FMĊ$U\VWRIDQHV3DVFDOL'LFNHQVQLJG\QLHPRJąE\üSHZQLF]\Z]DFLV]XUHGDNWRU-
VNLFKJDELQHWyZZZ\GDZQLFWZDFKQLH]RVWDQLHLP]UĊF]QLH]RSHURZDQ\FKNLOND]GDĔ
NWyUHSR]DELHJXWDNLP]PLHQLąNRPSOHWQLHVZH]QDF]HQLHLZ\LQWHUSUHWRZDQHE\üPRJą
ZXF]RQHMSU]HGPRZLHMDNRSUDZG]LZ\LQLHVNDĪRQ\WHNVWZLHONLHJRSLVDU]DGRZRG]ąF\
MHJRRGGDQLDVSUDZLHOXGXLUHZROXFMLVRFMDOQHMGRWąG]DFLHNOHZ\PD]\ZDQ\SU]H]MHJR
IHXGDOQ\FKF]\NDSLWDOLVW\F]Q\FKZ\GDZFyZLNRPHQWDWRUyZ1LNWVLĊRLFKSUDZDLSR-
JZDáFRQąZáDVQRĞüQLHEĊG]LHZVWDQLHXSRPQLHüZNRPXQL]PLHDZąWSOLZHMHVWF]\
XF]HQLZ+DUYDUG]LHLQD6RUERQLHWURSLąIDáV]HUVWZDZ$U\VWRIDQHVLHSREXáJDUVNXF]\
Z3DVFDOXSRUXPXĔVNXDMHĞOLWURSLą²WRFR]WHJR"6DPE\áHPĞZLDGNLHPMDNGRSL-
V\ZDQRGLDORJLZSROVNLPSU]HNáDG]LHSRZLHĞFLZVSyáF]HVQHJRSLVDU]DDXVWUDOLMVNLHJR
IDQDW\F]QHJRNRPXQLVW\
²3U]HFLHĪWRNRPXQLVW\F]Q\LSUDZRP\ĞOQ\SLVDU]²SRZLHG]LDáHP
²$OHQLHWDNLMDNLHJRP\WHUD]SRWU]HEXMHP\²SDGáDRGSRZLHGĨ
²&]\QLHPRĪHFLHJR]DS\ODüRSR]ZROHQLH"0RĪHVLĊ]JRG]L"
DTP by SHADE 109
5HGDNWRUXĞPLHFKQąáVLĊSREáDĪOLZLH
²:RJyOHQLH]UR]XPLHRFRFKRG]L²RGSDUá
/XG]LWZRU]ąF\FKZW\FKZDUXQNDFKNXOWXUĊQDMSURĞFLHME\áRE\X]QDü]DPDVRFKL-
VWyZOHF]E\áRE\WRRNUHĞOHQLHPDáRSUHF\]\MQH']LHOąVLĊRQL]JUXEV]DQDWU]\NDWH-
JRULH3LHUZV]\VWDQRZLąFLNWyU]\ZLHU]ąEH]Z]JOĊGQLHZNRPXQL]P-HVWLFKEDUG]R
PDáR Vą QDMJáXSVL L QDMPQLHM XWDOHQWRZDQL ]DUDELDMą QDMZLĊFHM SLHQLĊG]\ VSDGD QD
QLFKQDMZLĊFHM]DV]F]\WyZLVáDZ\SLV]ąRQLFKEH]SU]HUZ\JD]HW\'UXJąVWDQRZLąFL
NWyU]\ Vą SU]HFLZ NRPXQL]PRZL Z VSRVyE RWZDUW\ L ]DVDGQLF]\ 7\FK WHĪ MHVW EDUG]R
PDáRLZRJyOHQLHZLDGRPRF]\URELąFRNROZLHNERQLNWQLHZ\GDMHLFKNVLąĪHNQLNWQLH
Z\NRQXMHLFKPX]\NLQLNWQLHZ\VWDZLDLFKREUD]yZQLNWLPQLHGDMHĪDGQ\FKSLHQLĊ-
G]\QLNWRQLFKQLJG]LHQLHSLV]HLZRJyOHZáDĞFLZLHLFKQLHPDDF]NROZLHNZLHVLĊĪH
LVWQLHMąLPDMąRQLVZąXVWDORQąUDQJĊZLVWQLHMąFHMSR]DRERZLą]XMąFąU]HF]\ZLVWRĞFLą
V]HSWDQHM KLHUDUFKLL 7U]HFLą L QDMOLF]QLHMV]ą NDWHJRULĊ VWDQRZLą FL SRĞURGNX ÏZ ĞUR-
GHNMHVWQLH]Z\NOHVNRPSOLNRZDQąSHáQąDPELZDOHQFMLLVSU]HF]QRĞFLPR]DLNąNWyUHM
MHG\QąZVSyOQąFHFKąMHVWFKĊüEUDQLDXG]LDáX-HVWWRMDNE\SRáNQLĊFLHSRáRZ\SLJXáNL
0XUWL±%LQJD SRá\NDMąF\ DNFHSWXMH DOH QLH RSXV]F]D JR JRU]ND ĞZLDGRPRĞü XG]LDáX
ZMDNLPĞ]EURGQLF]\PLGLRW\]PLHZNWyU\PMDNRĞFKFHEUDüXG]LDá$FKFH]QDMUR]-
PDLWV]\FKSRZRGyZERWURFKĊZLHU]\DOHQLHZHZV]\VWNRERMHVWZáDĞFLZLHSU]HFLZ
DOHQLH]XSHáQLHERFKFHZ\GDZDüVZHNVLąĪNLZ\VWDZLDüREUD]\Vá\V]HüNRPSR]\FMH
QLHPDUQRZDüĪ\FLDQDMDáRZ\RSyUNWyU\PXVLĊZ\GDMHEH]V]DQV3RVWDZĊWĊPRĪQD
EH]WUXGXQD]ZDüVSU]HGDQLHPVLĊZ]DPLDQ]DF]\VWRPDWHULDOQHRVLąJQLĊFLDLVXNFHV\
PRĪQDMąWHĪQD]ZDüF\QL]PHPZREXZ\SDGNDFKPLDQREĊG]LHQLH]XSHáQLHSU]\OH-
JDáRGRSUDZG\DF]NROZLHNLF\QL]PLVHOOLQJ²RQOVąWHMSRVWDZ\VNáDGQLNDPL3HZLHQ
ZVFKRGQLRHXURSHMVNLSLVDU]QD]ZDáĞURGRZLVNRW\FKLQWHOHNWXDOLVWyZSLVDU]\DUW\VWyZ
GZRUHP ² L MHVW WR GHILQLFMD RV]RáDPLDMąFD VZą FHOQRĞFLą /XG]LH FL Vą GZRUDNDPL
NRPXQL]PXZWDNLPVWRSQLXMDNGZRUDF\UHQHVDQVXEDURNXLURNRNRZHJRDEVROXW\-
]PXLVWQLHOLLSURVSHURZDOLQDGZRUDFKVZ\FKZáDGFyZSDQyZW\UDQyZ,FK]DGDQLHP
MHVW F\QLF]QH SRFKOHEVWZR ]D NWyUH RWU]\PDMą NRV]WRZQ\ SLHUĞFLHĔ L W\WXá IDZRU\WD
D]NWyUHJRVDPLĞPLHMąVLĊLV]\G]ąSRNąWDFKVDORQyZ,FKWDNW\NąMHVW]UĊF]Q\NRQ-
IRUPL]PGZRU]DQLQDFKZ\WDMąFHJRZ,RWFRMHVWSRWU]HEQHZáDGF\LZLHG]ąFHJRMDNGDü
PXQDMPQLHMWHJRZ]DPLDQ]DMDNQDMZLĊNV]ąQDJURGĊZáDVNDFKSLHQLąG]DFKSU]\ZL-
OHMDFK,FKVDW\VIDNFMąVąUR]NRV]HSRGVNyUQ\FKSRUR]XPLHĔZ,RWáDSDQ\FKGRZFLSyZ
L VNRMDU]HĔ RVWU\FK GUZLąF\FK ERQ²PRO¶yZ ]PUXĪHĔ RF]X JU\PDVyZ XVW EH]UDG-
QHJROHF]ZV]HFKZLHG]ąFHJRJHVWXGáRQLOXG]LNWyU]\UR]XPLHMąZV]\VWNRZ\EDF]DMą
ZV]\VWNR L Vą ]GROQL GR ZV]\VWNLHJR ,FK PRUDOQą GHZL]ą MHVW LURQLF]QH Z]UXV]HQLH
UDPLRQLIRUPXáDÄ$OHĪZLHP\ZLHP\WRZV]\VWNRMHVWSRGáHZVWUĊWQHLLGLRW\F]QH
DOHMDNĪH]DEDZQH$]UHV]WąFyĪPRĪQD]URELüSU]HFLZLFKSRWĊG]H"´L]JRGQLHĪW\P
JáĊERNLPSU]HĞZLDGF]HQLHPQD]ZLVNDLFK PRĪQD]QDOHĨü QD]DMXWU]SRGHVHMDPLL SR-
HPDWDPLRSLHZDMąF\PLRZHSU]HVWĊSVWZDLE]GXU\ZVáRZDFKZ\V]XNDQ\FKLQDEU]PLD-
á\FK RG SRHW\FNLFK QDWFKQLHĔ 7R FR URELą XZDĪDMą ]D QLHZDĪQH D ]ZáDV]F]D ]D QLH
SRGOHJDMąFH RFHQLH ] ]HZQąWU] ]D Z\REFRZDQH ]DUyZQR ]H VSRáHF]QHJR NRQWHNVWX
MDNL]MDNLHJRNROZLHN]GURZHJRVHQVXDZLĊFZ\P\NDMąFHVLĊVąGRPLNU\WHULRP7\FK
]DĞ FR XZDĪDMą LFK Ī\FLH ]D SRGOHJDMąFH MDNLHMĞ VSRáHF]QR±PRUDOQHM RFHQLH PDMą ]D
JáXSFyZLPyZLąÄ0\ZLHP\ĪHWRFRVLĊG]LHMHLRMHGQDZLHONDSDUDQRMDLWDQDV]D
ZLHG]DZ\VWDUF]\]DUyZQRGODRFHQ\QDVMDNLGODSU]HQLHVLHQLDF]HJRĞZDĪQHJRSU]H]
F]DV\SRJDUG\$Ī\üWU]HED«´:WHQVSRVyEXG]LHODMąVRELHEH]DSHODF\MQHMDEVROXFML
*G\]DĞMHĪGĪąQD=DFKyG²DMHĪGĪąQLHXVWDMąFRJG\ĪMDNRIDZRU\FLPDMąDNFHVGR
ZV]HONLFKSU]\ZLOHMyZ²Z\JáDV]DM"SU]HPyZLHQLDSXEOLF]QHOXERGE\ZDMą]DXIDQHUR]-
PRZ\]NROHJDPLZVZRLP]DZRG]LHZNWyU\FK]DSHZQLDMąRVZHMQLH]áRPQHMZLHUQRĞFL
SU\QF\SLRPVZHMNU\V]WDáRZHMXF]FLZRĞFLNWyUDSU]\ELHUDüPXVLSR]RU\RSRUWXQL]PX
R VZ\FK FLHUSLHQLDFK Z LPLĊ LGHDáyZ OLWHUDWXU\ V]WXNL SUDZG\ F]áRZLHF]HĔVWZD 1LF
LP ]D WR QLH JUR]L 3R SRZURFLH QD GZyU ZáDGF\ RSRZLHG]ą PX SĊNDMąF ]H ĞPLHFKX
LEXG]ąFZQLPUR]EDZLHQLHRQDLZQRĞFLZURJyZNWyU\FKEĊG]LHWDNáDWZRSRNRQDü]H
DTP by SHADE 110
Z]JOĊGXQDLFKáDWZRZLHUQRĞü,ZáDGFDF]DVDPLLPZLHU]\FRE\üPRĪHMHVWLFKMHG\Qą
]DVáXJą6ąPLĊG]\QLPLDUF\PLVWU]HSU]HQLHZLHUVWZDRNáDP\ZDQLDZV]\VWNLFK]VREą
VDP\PZáąF]QLHZLUWXR]LLQWU\JLZLNáDMąFHMVLĊEH]NRĔFD
3HZLHQURV\MVNLSRHWDIHWRZDQ\QD=DFKRG]LHMDNRQLHXJLĊW\QRQNRQIRUPLVWDXFKR-
G]L]DWDNLHJRNWyU\SLV]HOLVW\GRZáDGFyZSURWHVWXMąFHSU]HFLZLFKUyĪQ\PSRVXQLĊ-
FLRP2OLVWDFKW\FKNUąĪąZVSDQLDáHOHJHQG\RLFKRGZDG]HRRVWURĞFLVIRUPXáRZDĔ
RERKDWHUVNLPZ\]ZDQLXZQLFK]DZDUW\PRJRWRZRĞFLGRRILDU\ZLPLĊSUDZG\LVSUD-
ZLHGOLZRĞFL 6ą WR OLVW\±SRHPDW\ ZVWU]ąVDMąFH VXPLHQLDPL DXWRNUDWyZ L XVWDZLDMąFH
LFKDXWRUDQDUyZQL]6RNUDWHVHPL*DOLOHXV]HP5]HF]ZW\PĪHOLVWyZW\FKQLNWQLJG\
QLHZLG]LDá3RHWDPyZLRQLFKZWDMHPQLF\QDSRWNDQ\PQDXOLF\]QDMRP\PLSORWND]D-
F]\QDNUąĪ\ü*G]LHVąGRZRG\"'RZRGyZQLHPDLQLHPRĪHE\üRVWDWHF]QLHĪ\MHVLĊ
ZWRWDOL]PLHJG]LHZV]\VWNRVLĊQLV]F]\IDáV]XMHSU]HPLOF]DJG]LHĪDGQDVWDáDZDUWRĞü
F]\VWDá\HOHPHQWQLHRVWDMHVLĊZQDZDáQLF\EH]SUDZLD3RF]\PSRHWDDUF\Z]yUGZR-
UDND]DXV]QLNDLWRWXPIDFNLHJRW\UDQDQD.UHPOXZ\MHĪGĪDZQRZąSRGUyĪ]DJUDQLF]Qą
]LQVWUXNFMDPLMDNXGDZDüQLH]DOHĪQHJRSRHWĊVRZLHFNLHJRZ1RZ\P-RUNXLZ$FDSXO-
FR7XĪSU]HGZ\MD]GHPV]HSFHZXFKRRGSURZDG]DMąFHJR]QDMRPHJRĪH]PXV]DVLĊ
JRGRRSXV]F]HQLDNUDMXDE\]QLZHORZDüVNXWNLMHJRSURWHVWXMąFHJROLVWXNWyU\Z\ZRáDá
SLRUXQXMąFHZUDĪHQLHZNRáDFK3ROLWELXUD
'ZyUPDMHGQDNVZRMHSRMĊFLDKRQRUXLJRGQRĞFLFRVWDQRZLüPRĪHU]HF]]DVNDNX-
MąFąZW\PREUD]LHXSRGOHQLDLVHUZLOL]PX:MHJRZHZQĊWU]Q\FKUR]JU\ZNDFKDQLPR-
]MDFKV\PSDWLDFKDQW\SDWLDFKLDGPLUDFMDFKPLDUąZDUWRĞFLMHVWVWRSLHĔNRQIRUPL]PX
7XĪ SR ZRMQLH QLHNRPXQLVW\F]Q\ UXFK RSRUX SU]HFLZ 1LHPFRP NWyU\ WZRU]\á KLVWRULĊ
Z(XURSLHZVFKRGQLHMQLHLVWQLDáZRILFMDOQ\PREUD]LHQLHGDZQHMSU]HV]áRĞFL.RPXQLĞFL
]]DFLHNáRĞFLąZ\PD]\ZDOLNDĪGąPRĪOLZRĞüZ]PLDQNLRW\PĪH]DVDGQLF]\FLĊĪDUZDONL
]KLWOHU\]PHPVSRF]\ZDáQDEDUNDFKPLOLRQyZOXG]LNWyU]\]NRPXQL]PHPQLFQLHPLHOL
ZVSyOQHJRDNWyU\FK&]HUZRQD$UPLDRNXSXMąF3ROVNĊ&]HFKRVáRZDFMĊ5XPXQLĊSR
Z\SDUFLX 1LHPFyZ PRUGRZDáD L Z\ZR]LáD QD 6\EHULĊ 7RWHĪ Z OLWHUDWXU]H SRZRMHQ-
QHMRZ\FKNUDMyZEUDNE\áRW\FKRNWyU\FKERKDWHUVWZLHLRSRĞZLĊFHQLDFKZLHG]LDá\
FDáHVSRáHF]HĔVWZDDNVLąĪNLLILOP\SHáQHE\á\NRPXQLVW\F]Q\FKSDUW\]DQWyZNWyU\FK
ZF]DVLHZRMQ\QLNWQLHZLG]LDáLQLHPLDáSRMĊFLDRLFKLVWQLHQLX6SRáHF]HĔVWZDF]\WDMąF
WHNVLąĪNLLRJOąGDMąFILOP\EXGRZDá\ZVRELHWUZDáąQLHZLDUĊZHZV]\VWNRFRNRPXQL-
VW\F]QHLXF]\á\VLĊZVSyáĪ\ü]IDQWD]MąNWyUDZNXOWXU]HRERZLą]\ZDáDMDNRU]HF]\ZL-
VWRĞü7RWHĪJG\SHZLHQSROVNLSLVDU]]GZRUXD]DQLPSHZLHQUHĪ\VHUILOPRZ\ZSDGá
QDSRP\VáDE\ZSURZDG]LüGRVZ\FKXWZRUyZQHJDW\ZQąSRVWDüQLHNRPXQLVW\F]QHJR
SDUW\]DQWD ]RK\G]RQHJR ]JRGQLH ] ]DOHFHQLDPL SDUW\MQHM GLDOHNW\NL DOH REGDU]RQH-
JR FHFKDPL SUDZGRSRGRELHĔVWZD ² SRZRG]HQLH NVLąĪNL F]\ ILOPX ZĞUyG SXEOLF]QRĞFL
GRFKRG]LáR GR ]HQLWX &]\WHOQLNRP L ZLG]RP E\áR ZV]\VWNR MHGQR MDN SRND]DQ\ F]\
VFKDUDNWHU\]RZDQ\EĊG]LHSDUW\]DQWPLHOLRQLRW\PVZRMHZáDVQH]GDQLHDOHIDNWĪH
LVWQLDáQDNDUWNDFKNVLąĪNLF]\QDHNUDQLHVWDQRZLáMDNLHĞZ\]ZDQLHU]XFRQHQDND]RZL
]JyU\2F]\ZLĞFLHQLFQLHXND]XMHVLĊZNUDMXNRPXQLVW\F]Q\PEH]]H]ZROHQLD]JyU\
ZáDG]D]DĞXG]LHODMąFD]H]ZROHQLDGRVWU]HJDZW\PMDNLHĞVZRMHNRU]\ĞFL:RVWDWHF]-
Q\PUR]UDFKXQNXSXEOLF]QRĞüRWU]\PXMHVZHVDW\VIDNFMHRJOąGDMąFVZHJRSDUW\]DQWD
ZáDG]DFLHV]\VLĊĪHZVXEWHOQLHMV]\VSRVyEQLĪGRWąGVSRWZDU]\áDWHJRVDPHJRSDUW\-
]DQWDDSLVDU]F]\UHĪ\VHUFKRG]LZJORULLFKZLORZHJRQRQNRQIRUPLVW\DOERZLHPZ\GD-
MHPXVLĊĪHSU]HFK\WU]\áZáDG]ĊL]PXVLáMąGRNRQFHVMLRF]\PZG]LĊF]QDSXEOLF]QRĞü
ZLH L QLJG\ PX WHJR QLH ]DSRPQL , ZV]\VF\ ]JRGQLH ]DSRPLQDMą ĪH R SDUW\]DQFLH
RMHJRERKDWHUVNLHMZDOFHLRW\PMDNE\áRQDSUDZGĊ]RVWDáRSRZLHG]LDQHMHV]F]HMHGQR
ZLHONLHNáDPVWZR
: RNUHVLH SU]HáRPX SR ĞPLHUFL 6WDOLQD ILOPRZF\ Z (XURSLH ZVFKRGQLHM VWRVRZDOL
RVREOLZąWDNW\NĊNWyUąQD]\ZDOLZDONąRUR]V]HU]HQLHVZREyGWZyUF]\FK0LDQRZLFLH
NUĊFąFVáXĪDOF]HNRQIRUPLVW\F]QHILOP\RNRPXQLVW\F]Q\FKSDUW\]DQWDFKOXERURERWQL-
NDFKLURERWQLFDFKZDOF]ąF\FKRSRGQLHVLHQLHZ\GDMQRĞFLSURGXNFMLZHGáXJQDMEDUG]LHM
REVNXUDQFNLFKVFHQDULXV]\VRFUHDOLVW\F]Q\FKXELHUDOLVZ\FKDNWRUyZD]ZáDV]F]DDN-
DTP by SHADE 111
WRUNL]JRGQLH]DNWXDOQLHRERZLą]XMąFąQD=DFKRG]LHPRGą%RKDWHUNLZ\JáDV]Dá\ZLĊF
NZHVWLHSU]\SRPLQDMąFHEDUG]LHMDUW\NXá\ZVWĊSQH]Ä3UDZG\´QLĪQRUPDOQHGLDORJLDOH
]DWRQDJáRZDFKPLDá\QDMQRZV]HXF]HVDQLHZHGáXJSDU\VNLHJR9RJXH´2F]\ZLĞFLH
ILOPRZF\ XZDĪDOL WR ]D GRZyG QLH]Z\NáHM RGZDJL L QLH]DOHĪQRĞFL WZyUF]HM DOERZLHP
LFK FHQ]RU]\ Vą WDN Z\RVWU]HQL Z WURSLHQLX NDĪGHJR V]F]HJyáX LFK ]GDQLHP QLH]JRG-
QHJR]F]\VWRĞFLąNRPXQLVW\F]QHJRILOPXĪHILOPRZF\PXV]ąWRF]\üĞPLHUWHOQąZDONĊ
RNDĪG\VZHWHULNDĪG\ORN$OHZLG]QLH]GDMHVRELHVSUDZ\]ĪHOD]QHJRXFKZ\WXFHQ-
]XU\QLHVáXFKDGLDORJXL QLF JRQLHREFKRG]L FRDNWRU]\PDMąGR SRZLHG]HQLDZLG]L
W\ONRVZHWHULORNLMHVWV]F]ĊĞOLZ\ĪHPRĪHVRELHWURFKĊSRSDWU]\üQDWDNąPDQLIHVWDFMĊ
SUR]DFKRGQLRĞFL)LOPRZF\]DĞFKRG]ąZJORULLQRQNRQIRUPLVWyZLXZDĪDMąVLĊ]DQLH-
]áRPQ\FKERMRZQLNyZ]SU]HPRFąWRWDOL]PXDOERZLHPLFKSU]\QDOHĪQRĞüGRGZRUXWDN
]QLHF]XOLáD LFK PRUDOQLH L SR]QDZF]R WDN ]UHGXNRZDáD LFK JRGQRĞü ZáDVQą L ]GROQRĞü
ZLG]HQLD U]HF]\ Z LFK ZáDĞFLZ\P Z\PLDU]H ĪH MXĪ QLH PHULWXP SRJOąGyZ VáyZ F]\
SRVWĊSRZDQLDILOPRZHMSRVWDFLPDGODQLFK]QDF]HQLHOHF]MHMDNFHVRULXP
2ZRFHPSROLW\NLNXOWXUDOQHMZNRPXQL]PLHMHVWDWPRVIHUD]XSHáQHMQLHZLDU\ZFR-
NROZLHN ² Z MDNLNROZLHN IDNW F]\ Z MDNąNROZLHN ZDUWRĞü Z\SURGXNRZDQą Z NRPX-
QL]PLHZLPLĊNXOWXU\1LHZLDUDWDREHMPXMH]JRGQ\PXĞFLVNLHPSURGXFHQWDLNRQVX-
PHQWDNXOWXU\MHGQDNRZR3RVWDFLHOLWHUDFNLHSRP\ĞODQHMDNRZLHNRSRPQHZ]RUFHGR
QDĞODGRZDQLD L XVLOQLH IRUVRZDQH SU]H] ZV]\VWNLH PRĪOLZH PHGLD MDNR V\PEROH FQyW
RE\ZDWHOVNLFKLRVRELVW\FKVąSU]HGPLRWHPSRZV]HFKQ\FKĪDUWyZLVáXĪąMDNRV\JQD-
á\Z\ZRáDZF]HGRZFLSyZ5H]XOWDW\WHJRVWDQXU]HF]\Vą]DG]LZLDMąFH:URNSRWHP
JG\SROVNDWHOHZL]MD]DNXSLáDVWDUHLWDQLHDPHU\NDĔVNLHILOP\VHU\MQHGODSURJUDPyZ
UR]U\ZNRZ\FKFKáRSFyZS\WDQ\FKZDQNLHWDFKNWRMHVWLGHDáHPLFKPDU]HĔRGSR-
ZLDGDáR=RUUR$QDS\WDQLHMDNą]SRVWDFLOLWHUDFNLFKOXEILOPRZ\FKSR]QDQ\FKSU]H]
FLHELHZRVWDWQLFKODWDFKFKFLDáE\ĞVSRWNDüZĪ\FLX"²PLOLRQ\SROVNLFKWHOHZLG]yZRG-
SRZLHG]LDá\]JRGQ\PFKyUHPGRNWRU.LOGDUH%LDGDMąFQDGW\P]MDZLVNLHPLSLRUXQX-
MąFQDMHJRHZHQWXDOQHVNXWNLXU]ĊGRZ\RUJDQSROVNLHMSDUWLLNRPXQLVW\F]QHMQDSLVDá
'ODF]HJR WDPWD SUDZGD ]\VNXMH X QDV W\VLąFH ZLHOELFLHOL L V\PSDW\NyZ"  ´ 2GSR-
ZLHGĨQDWRS\WDQLHMHVWQLH]Z\NOHSURVWDOHF]Z3ROVFHQLHPRĪQDMHMZ\GUXNRZDüDQL
Z\SRZLHG]LHüSXEOLF]QLHSRSROVNX0RĪH]UHV]WąQLHPDSRWU]HE\
.
Co to jest rewizjonizm
.
2UWRGRNVLZPDUNVL]PLHFLąJOHMHV]F]HGHNODPXMąRW\PMDNPDV\URELąKLVWRULH
3UDNW\F\NRPXQL]PXXZDĪDMąPDV\]DPLHU]ZĊ:JUXQFLHU]HF]\MHVWZV]\VWNRLQD-
F]HM0DV\QLHURELąĪDGQHMKLVWRULLZGHPRNUDFMDFKNDSLWDOLVW\F]Q\FKJG]LH]DMĊWHVą
WHOHZL]Mą L WURVNą R ZáDĞFLZH Z\NRU]\VWDQLH ZHHN±HQGyZ : GHPRNUDFMDFK KLVWRULĊ
URELąĪDUFLDPELFMDPLSROLW\F\LLQWHOHNWXDOLĞFLUR]ĪDUFLZáDVQąSDVMąPLOL²WDQFLLDNW\-
ZLĞFLQLHGRP\FLIDQDW\F\QLHGRZDU]RQ\FKLGHMNWyU\PQLNWQLHSU]HV]NDG]DLNWyU\P
ZV]\VWNRZROQRZ]JOĊGQLHRJOĊGQLVSHFMDOLĞFL±WHFKQRNUDFL]VROLGQ\PZ\NV]WDáFHQLHP
=WDVLHPFRZ\FKUR]SUDZLSROHPLNMHGQ\FKLGUXJLFKĪ\MąZNDSLWDOL]PLHFDáHSU]HP\-
Vá\:NRPXQL]PLHRV]DODáHRGQDGPLDUXZáDG]\LQG\ZLGXDLFDáH3ROLWELXUDXVWDQDZLDMą
SUDZDQLHOXG]NLFKSRU]ąGNyZDOHZáDĞQLHPDV\²]ELWDEH]NV]WDáWQDEH]NLHUXQNRZD
QD SR]yU SXOSD VWHUURU\]RZDQD L MDNE\ EH]ZROQD ² RNUHĞOD KLVWRULĊ FLĊĪDUHP VZHM
ELHUQRĞFL : NRPXQL]PLH PDV\ QLHQDZLG]ą NRPXQL]PX D FKRFLDĪE\ L W\ONR E\W\ PX
QLHFKĊWQHWRFLĊĪDUMHGQRVWNRZHMQLHFKĊFLSU]HPQRĪRQ\SU]H]VHWNLPLOLRQyZĪ\ZRWyZ
OXG]NLFKVSUDZLDĪHPLPRQDMGRVNRQDOV]HJRV\VWHPXWHUURUXZG]LHMDFKZV]\VWNRUR]-
Sá\ZDVLĊUR]PD]XMHLREUDFDZJQyMNDU\NDWXUDOQLH]DSU]HSDV]F]RQ\FKSODQyZJRVSR-
GDUF]\FK
=DFKyGSRWUDILGRVWU]HFUR]UXFK\XOLF]QHZ%HUOLQLHSRZVWDQLHZ%XGDSHV]FLHL3R-
]QDQLXLQZD]MĊ&]HFKRVáRZDFMLLSURFHV\NUQąEUQ\FKOLWHUDWyZZ0RVNZLHDOHQLHXPLH
UR]H]QDü ZáDĞFLZLH RZHM IRUP\ QLHSU]\MĊFLD NRPXQL]PX RZHJR EUDNX ]DWZLHUG]HQLD
SU]H] PDV\ URG]ąFHJR ELHUQ\ RSyU PDV ,VWQLHMH ZLHOH Z\MDĞQLHĔ WHJR VWDQX U]HF]\
DTP by SHADE 112
DF]NROZLHNĪDGQH]QLFKQLH]DGRZDODZSHáQL2GUD]DGRGRNWU\Q\LGRPHWRG3RF]XFLH
Z\ĪV]RĞFLLVáDER]GHILQLRZDQDOHF]UHDOQLHLVWQLHMąFDZLHG]DRW\PMDNSRZLQQRE\ü
Z\F]XZDOQDMHVWXNDĪGHJR:ĊJUD&]HFKD3RODNDURG]ąFZW\FKNUDMDFKMDNE\QRZą
IRUPĊ RSRUX SRĞUHGQLHJR GH]RUJDQL]XMąFHJR DOLHQDF\MQHJR : 5RVML 5XPXQLL F]\
%XáJDULLPDV\SR]EDZLRQHVąWHJRSRF]XFLDZ\ĪV]RĞFLZREHFVZ\FKNRPXQLVW\F]Q\FK
ZLHONRU]ąGFyZVWąGZVSRáHF]HĔVWZDFKWDPW\FKQLHFKĊüSU]\ELHUDRGF]DVXGRF]DVX
IRUPĊZHVWHUQL]DFMLOHF]QLHVWDQRZLHOHPHQWXZSURFHVLHOLEHUDOL]DF\MQ\P3ROVNLF]\
F]HVNLVWXGHQWV]XNDEHOO±ERWWRPWURXVHUVF]\SV\FKHGHOLF]QHMNRV]XOLLSRV]XNLZDQLD
WDNLHZLąĪąPXVLĊZ\UDĨQLH]SRJDUGąLQLHQDZLĞFLąGRNRPXQL]PXLMHJRSRU]ąGNyZ
5RV\MVNLVWLOLDJDF]\KXOLJDQQLHQDZLG]LW\ONRPLOLFMDQWDNWyU\ĞFLJDJR]DNUyMVSRGQL
DOHFRGRNRPXQL]PXWRQLHPDZáDVQHJRZ\URELRQHJR]GDQLD$NWXDOQDSROVNDLF]H-
VNDDSDWLDZ\ZRG]LVLĊ]G]LZQąDPELZDOHQFMą]W\ONRF]ĊĞFLRZR]UHDOL]RZDQ\FKFHOyZ
ZF]DVLHUHVSHNW\ZQ\FKRGZLOĪ\ZREXNUDMDFKRUD]]HVIUXVWURZDQLDQLHSURGXNW\ZQ\P
Z\VLáNLHP DĪHE\ FRĞ OHSLHM XU]ąG]Lü :\JOąGD WR QD VSU]HF]QRĞü DOH QLą QLH MHVW ²
MHVWW\ONRZáDĞFLZRĞFLąRZ\FKQRZ\FKIRUPRSRUXSRSU]H]QLHSU]\MĊFLHFUHGR6WąGáD-
WZLHMMHVWZ\VáDü]NUDMyZNRPXQLVW\F]Q\FKUDNLHWĊQDNVLĊĪ\FQLĪ]RUJDQL]RZDüVáXĪEĊ
]GURZLD]DVSDNDMDMąFDFKRüSRWU]HEVSRáHF]HĔVWZDZNWyU\PNDĪG\PDZV]\VWNR
JG]LHĞ .LOND JUDPyZ DSDWLL IUXVWUDFML L SDOąFHM XUD]\ GR RWDF]DMąFHM U]HF]\ZLVWRĞFL
SU]HPQRĪRQH SU]H] PLOLRQ\ OXG]L WR MXĪ MHVW FRĞ : WHQ VSRVyE URG]ą VLĊ XWUDSLHQLD
VSURZDG]DMąFHSLDQĊQDZDUJLNRPXQLVW\F]Q\FKG\NWDWRUyZ$WDNĪHQLHZ\JRGQHNUĊ-
FHQLH VLĊ QD NU]HĞOH LQWHOLJHQWQLHM V]\FK NRPXQLVWyZ ]ZDQH Z\WZRUQLH SU]H] Ī\F]OL-
Z\FKEDGDF]\UHZL]MRQL]PHPOXEQLHSRNRMHPSDUW\MQ\FKLQWHOHNWXDOLVWyZ
3UREOHPE\á\FKVWDOLQRZFyZLW\FKFRF]\QQLHZVSyáG]LDáDOLĨQDMRNUXWQLHMV]\PF]D-
VRNUHVHP NRPXQL]PX Z UDPDFK ZV]HONLFK PRW\ZDFML ² RG V]F]HUHM ZLDU\ SRSU]H]
KLSRNU\]MĊDĪGRF\QLF]QHMSREáDĪOLZRĞFLLHJRLVW\F]QHJRNRQIRUPL]PX²SR]RVWDMHSUR-
EOHPHPNOXF]RZ\PGODXF]XüLSRVWDZPRUDOQ\FKFDá\FKSRNROHĔ6WDOLQL]PUR]FLąJQąá
Z NRPXQL]PLH VLDWNĊ PLĊG]\OXG]NLFK ZVSyá]DOHĪQRĞFL R PRUDOQHM VWUXNWXU]H QLH]ED-
GDQ\FK DĪ GRWąG ]DNDPDUNyZ -DNĪH F]ĊVWR WR FR QLHNWyU]\ ] NXJODUVNą ]UĊF]QRĞFLą
SU]HGVWDZLDOLMDNRNRQIOLNWVXPLHĔHSRNLRND]\ZDáRVLĊ]Z\Ná\PRV]XVWZHPLGHRZ\P
L XP\VáRZ\P -DNĪH F]ĊVWR RVWHQWDF\MQD WU\ZLDOQRĞü RND]\ZDáD VLĊ MHG\Qą PRĪOLZą
SUyEą]DFKRZDQLDJRGQRĞFLZáDVQHM']LĞQD=DFKRG]LHZZDUXQNDFKZROQRĞFLEDGDĔ
OLF]QLURPDQW\F\VRFMRORJLLVHQW\PHQWDOQLSROLWLFDOVFLHQWLVWLVSHNXODW\ZQLSV\FKRORG]\
JU]HELą VLĊ JRUOLZLH Z QLHVNRĔF]RQRĞFL ZHUVML R LGHRZ\FK HJ]\VWHQFMDFK E\á\FK VWDOL-
QRZFyZ)DNWHPMHVWĪHFLRVWDWQLZ\SURGXNRZDOLJLJDQW\F]QąOLWHUDWXUĊRVZ\FKZLD-
UDFKLEyODFKSHáQąWDNSU]HSDVWQ\FKHXIHPL]PyZĪHPRĪQDMXĪPyZLüRQHRVRILVW\FH
MDNRRRGURG]RQHMJDáĊ]LILOR]RILL'ODOXG]LNWyU]\Ī\MąZNRPXQL]PLHRZHSU]HSDĞFLH
LRGPĊW\VąG]LHFLQQLHáDWZHGR]JáĊELHQLDLFKSUDZG]LZDSá\FL]QDEDUG]LHMĞPLHV]\QLĪ
SRUDĪD3U]HUDĨOLZRĞüSUDZG\OHĪ\ZNRPXQL]PLHQDXOLF\SRWZLHUG]DMHNDĪGHNáDP-
VWZRZJD]HFLHLQDNDĪG\PWUDQVSDUHQFLH:LHG]DRW\PMDNMHVWVWDQRZLWNDQNĊFR-
G]LHQQHJRGRĞZLDGF]HQLDIDNWXUĊE\WX
1LHNWyU]\ VNáRQQL Vą GR VWDZLDQLD ]QDNX UyZQDQLD SRPLĊG]\ E\á\P VWDOLQRZFHP
DUHZL]MRQLVWą-HVWWRRW\OHVáXV]QHĪHQLHZHV]áRMHV]F]HQDSROLW\F]QąVFHQĊSRNR-
OHQLHNWyUHQLHPDMąFĪDGQ\FKIDNW\F]Q\FK]ZLą]NyZ]WDNQLHGDZQąSU]HV]áRĞFLąZ\-
UD]LáRE\FKĊüUHIRUPRZDQLDNRPXQL]PX1DZHWQDMPáRGVL]QDQLQDPG]LĞUHZL]MRQLĞFL
VSĊG]LOLVZąPáRGRĞüZVWDOLQRZVNLFKRUJDQL]DFMDFKV]NROQ\FK'RĞZLDGF]HQLH]DĞXF]\
QDVĪHFLNWyU]\PHFKDQLF]QLHSRZWDU]DOLIRUPXáNLRPáRGRĞFLSR]RVWDOLWDNLPLVDP\PL
SRZWDU]DF]DPL1DMOHSV]\PPDWHULDáHPQDUR]F]DURZDQ\FKVą]DZV]HLGHDOLĞFLSU]\Mąü
ZLĊFWU]HEDĪHPáRG]LG]LVLHMVLUHZL]MRQLĞFLE\OLQLHWDNGDZQR]DFLHNá\PLVWDOLQRZFDPL
=QDMąZLĊFSLHNáRQLHMDNRRGVWURQ\QDG]RUFyZFRVSUDZLDĪHVWRVXQNRZRáDWZRMHVW
XZLHU]\üZV]F]HURĞüLXF]FLZRĞüLFKSU]HáRPyZ&]\MHGQDNQDGHMG]LHSRNROHQLHNWyUH
RGPyZLDNFHSWDFMLNRPXQL]PXEH]SUyE\ZDONLRLQQ\MHJRNV]WDáW²WRSR]RVWDMHGR
]REDF]HQLD
7DNZLĊFUHZL]MRQLVWąMHVWWDNLNRPXQLVWD]áRQDSUDNW\F]QHJRNRPXQL]PXNWRX]QDá
DTP by SHADE 113
MHNRPXQL]PZ\FKRG]ąF]HVáXV]Q\FK]DáRĪHĔ]QLHSUDZLáVLĊ]KDĔELáLGRNRQDáU]HF]\
6WUDV]Q\FKZFLąJXVZHM±OHWQLHMHJ]\VWHQFML,ĪHQDOHĪ\JR]PLHQLüF]\OLQDSUDZLü
&]\OLFKFHLQQHJRNRPXQL]PXDOHNRPXQL]PX=JRG]LüVLĊPRĪQDĪHZLHOXUHZL]MRQL-
VWyZQD²OHĪ\GROXG]LXF]FLZ\FKZLHU]ąF\FKZVZHSU]HNRQDQLDLÄZHZáDVQHLQWHQ-
FMH/HF]NRPXQL]PVWZRU]\áMXĪQLH]Z\NOH]áRĪRQąU]HF]\ZLVWRĞüVSRáHF]QąLPRUDOQą
OXG]NLHUDFMHLPRW\Z\G]LDáDQLDRGGDZQDQLHVąáDWZHGRSU]HMU]\VW\FK]DV]HUHJRZDĔ
:DUWRSU]\WRF]\üWXVáRZDSHZQHMSROVNLHMSLVDUNLQDWHPDWU]ąG]ąFHMNRPXQLVW\F]Q\P
SDĔVWZHPHOLW\Ä6ąWDF\FRZF]RUDMZLHU]\OLDG]LVLDMSU]HVWDOLMXĪZLHU]\üDOHPLPR
WRQLH]UH]\JQRZDOL]SU]\QDOHĪQRĞFLGRHOLW\²QLHSRGDOLVLĊGREURZROQLHGRG\PLVML
ZSURVWSU]HFLZQLH²QDGDOJáRV]ąNáDPVWZR2ILFMDOQLHJáRV]ąMH]ZLHONLPSU]HNRQD-
QLHP D SU\ZDWQLH NSLą V]\G]ą ]H ZV]\VWNLFK ĞZLĊWRĞFL :\UDILQRZDQ\ F\QL]P W\FK
OXG]LXZDĪDVLĊ]DSU]HMDZGREUHJRWRQX´'RGDüQDOHĪ\ĪHVąUyZQLHĪWDF\FRSU]HVWDOL
ZLHU]\üDOHXGDMąĪHZLHU]ąDWRXGDZDQLHLRVLąJDQH]QLHJRSURILW\VáDZĊGREUH
Ī\FLHGODVLHELHQD]\ZDMąXOHSV]DQLHPDOERKXPDQL]RZDQLHPNRPXQL]PX=DSRPLQDü
QLHQDOHĪ\ĪHEUDNZLDU\QLHR]QDF]DEXQWXRUD]ĪHGáXJLHODWDVáXĪE\VWZDU]DMąVNRP-
SOLNRZDQ\ V\VWHP YHVWHG LQWHUHVWV NWyUHJR SRGWU]\P\ZDQLH LGHQW\ILNRZDü VLĊ PRĪH
ZLHOX]HVáXV]QąZDONąRGREUąVSUDZĊ/XG]LZNRPXQL]PLHIDVF\QXMH]MDZLVNRSU]H-
ZURWQHMQLH]Z\NOH]UĊF]QLHNDPXIORZDQHMSREáDĪOLZRĞFLRUWRGRNVyZZREHFUHZL]MRQL-
VWyZ.UDĔFRZHZ\SDGNLUHZL]MRQL]PXWĊSLRQHVą]DFLHNOHZLGRF]QHMHVWWRZORVDFK
SU]\ZyGFyZ F]HFKRVáRZDFNLHM UHIRUPDFML SROVNLFK L MXJRVáRZLDĔVNLFK VFKL]PDW\NyZ
$OH UHZL]MRQL]P Z (XURSLH ZVFKRGQLHM Z ODWDFK V]HĞüG]LHVLąW\FK E\á MXĪ ]MDZLVNLHP
SRZV]HFKQ\PLFRG]LHQQ\P5RG]LáVLĊQDNDĪGHMVHVMLNDĪGHMSRGVWDZRZHMRUJDQL]DFML
SDUW\MQHM]DNáDGyZG\VWU\EXFMLPOHNDNWRĞNWRFKFLDáSRGDüZZąWSOLZRĞüGRW\FKF]DVR-
ZHPHWRG\UR]ZRĪHQLDPOHNDLX]DVDGQLDáVZHZQLRVNLEDUG]LHMRJyOQ\PUR]ZDĪDQLHP
WHRUHW\F]Q\P F\WXMąF NODV\NyZ MXĪ SRGSDGDá SRG RVNDUĪHQLH R UHZL]MRQL]P 8GHU]D
WHG\PDVRFKLVW\F]QDVNáRQQRĞüGRZ\EDF]DĔXQDMVXURZV]\FKNRPXQLVW\F]Q\FK.DWR-
QyZXZáDG]\NDU]ąZLQQ\FKOHF]SRRMFRZVNXLSREUDWHUVNX1LHMHVWWR]UHV]WąVSUD-
ZąF]\VW\FKXF]Xü.RPXQL]PZVFKRGQLRHXURSHMVNLQLHXVWDMąFR]DJURĪRQ\SU]H]SRWĊ-
JĊELHUQRĞFLVZ\FKPDV]UR]XPLDáSRĪ\WHNMDNLGDMąZáDĞQLVZRLEXQWRZQLF\GRVWU]HJá
NRU]\ĞFLSá\QąFH]SRVLDGDQLDQLHDXWHQW\F]Q\FKUHEHOLDQWyZSRJQLHZDQ\FKLUR]JRU\-
F]RQ\FKOHF]VZRLFK$XWHQW\F]QLSU]HFLZQLF\E\OLLVąMDN]DZV]HZGHSW\ZDQLREFD-
VDPLZ]LHPLĊOLNZLGRZDQLZ\PD]\ZDQLZLĊ]LHQLSR]EDZLDQLĞURGNyZGRPLQLPXP
HJ]\VWHQFML$E\OLEUDFLDQLJG\QDVHULRQLHVNU]\ZG]HQL]DZV]HPDMąRWZDUWHGU]ZL
GR SRZURWX DOERZLHP ² MDN XF]\ KLVWRULD ² W\ONR QLHOLF]Q\FK KHUHW\NyZ SDOL VLĊ QD
VWRVDFKZLĊNV]RĞü]DĞSRODWDFKEXQWXZUDFDQDáRQRSUDZRZLHUQHJR.RĞFLRáD
7DNZLĊFNRU]HQLHUHZL]MRQL]PXWNZLąZNDĪG\PQLHPDOZ\SDGNXZE\á\PVWDOLQL-
]PLHLMHJRPRUDOQ\POXESVHXGR±PRUDOQ\PSU]HREUDĪHQLX6áDERĞüLGZX]QDF]QRĞüWHM
SRVWDZ\LWHJRSURFHVXWNZLZRNROLF]QRĞFLĪHE\á\VWDOLQRZLHFGRPDJDVLĊUR]JU]HV]H-
QLDW\ONR]DWRĪHSU]HVWDáE\üF]\PĞ]á\P:SU]\JQLDWDMąFHMZLĊNV]RĞFLZ\SDGNyZQLH
SRWUDILRQSU]\WRF]\üGRZRGyZZáDVQHJRRSRUXSU]HFLZ]áXMHJRDQW\VWDOLQL]P]DF]\QD
VLĊZUD]]HĞPLHUFLą6WDOLQDLUHZL]MąSRMĊüR6WDOLQLHLMHJRF]\QDFK%\á\VWDOLQRZLHF
QLHZ\ND]XMHZLĊFVNUXFK\]DWRĪHVáXĪ\á]áXOHF]QDW\FKPLDVWGRPDJDVLĊX]QDQLD
V]DFXQNX]DLQWHUHVRZDQLD]DWRĪHMXĪQLHVáXĪ\]áX&]\OLZMDNLĞVSRVyENDSLWDOL]XMH
VZą]áąZLDUĊL]áHXF]\QNLĪąGD]DQLHG\ZLGHQG\0RQWDĪLQWHOHNWXDOQHJRHVWDEOLVK-
PHQWZG]LVLHMV]HM(XURSLHZVFKRGQLHMZVSDUW\MHVWQDQLH]OLF]RQ\FKRGFLHQLDFKUHZL-
]MRQL]PXQDSyáUHZL]MRQL]PDFKLüZLHUüUHZL]MRQL]PDFKQDUR]OLF]Q\FKSVHXGRQRQNRQ-
IRUPL]PDFKLQLHNRĔF]ąF\FKVLĊZHUVMDFKRSRUWXQL]PX-HJRKRPRJHQHLW\Z\QLND]DĞ
]MHGQDNLHMSU]\QDOHĪQRĞFLZV]\VWNLFKGRNDWHJRULLE\á\FKVWDOLQRZFyZDZLĊFOXG]LMHG-
QDNRZRZ\WUHQRZDQ\FKZSUDNW\FHNáDPVWZDZVáXĪELHVFKRODVW\NLSU]HPRF\8G]LDá
ZWHMNRQJUHJDFMLRSDUW\MHVWQDUHJXOHSU]HUDĪDMąFHMVZąSRWĊJąLSHUZHUV\MQRĞFLąQD
]DG]LZLDMąFHMQRUPLHZDUWRĞFLRZDQLDFLFRVLĊQLHP\OLOLQLHPRJąPLHüUDFML²SUDZ-
G]LZą ZDUWRĞFLą E\áR VáXĪ\ü ]áX D SRWHP SU]HVWDü L JáRVLü VZH QDGXĪ\WH GREUH FKĊFL
LRV]XNDQDPąGURĞü/HF]FR]URELü]W\PLNWyU]\RGSRF]ąWNXQLHFKFLHOLE\üĨOLLJáXSL
DTP by SHADE 114
L²MDNVLĊRND]DáR²PLHOLUDFMĊ"7áXPDF]\VLĊWHG\ZUyĪQ\FKG]LHáDFKFRWRMHVWWUXGQD
SUDZGDOXEFRWRMHVWSU]HZDJDUXFKXQDGEH]UXFKHP'ZXG]LHVWRZLHF]QDSV\FKRORJLD
SR]EDZLáDĞZLDWZLQ\ZVSyáF]HVQ\UHODW\ZL]PQLHZ\ZRG]LVLĊZNRPXQL]PLH]ILOR]RILL
OHF]]XPLHMĊWQRĞFLĪRQJORZDQLDSLáNDPLRUyĪQ\FKNRORUDFKLQDSLVDFK6NXWHNMHVWWDNL
ĪH G]LĞ E\OL VWDOLQRZF\ VWDQRZLą QDMSRWĊĪQLHMV]ą PDILĊ ĞZLDWD OHSLHM ]RUJDQL]RZDQą
QLĪ&RVD1RVWUDPLĊG]\QDURGRZ\KRPRVHNVXDOL]PF]\ILODWHOLĞFL,FKĞZLĊWDZVSyOQRWD
SROHJDQD²Z]DMHPQ\P]P\ZDQLX]VLHELHZLQLQDJHQLDOQLHVNRPSRQRZDQ\FKĪDODFK
QDVZyM]á\ORV]JZDáFRQHMLZ\HNVSORDWRZDQHMQLHZLQQRĞFL:\QLNMHVWROĞQLHZDMąF\
ZODWSRUHZHODFMDFK&EUXV]F]RZDSRSRZVWDQLDFKZ3ROVFHLQD:ĊJU]HFKLSRER-
KDWHUVNLPSU]HáRPLHZ&]HFKRVáRZDFMLQDMWURVNOLZV]ąXZDJąLV]DFXQNLHPRWDF]DVLĊ
SRREXVWURQDFKĪHOD]QHMNXUW\Q\OXG]LNWyU]\QDMJRUOLZLHMOL]DOLEXW\6WDOLQDLSRPD-
JDOLPXZXVWDQDZLDQLXPRUDOQ\FKSROLW\F]Q\FKLLQWHOHNWXDOQ\FKSRU]ąGNyZ$SRWHP
Z\FRIDOL VLĊ ] WHJR Z VSRVyE SU]HSLVRZ\ F]\OL JáRV]ąF VZą G]LHFLĊFą QDLZQRĞü &]\OL
W\FK FR SRVLHGOL FQRWĊ WUDQVILJXUDFML D ZLĊF FXGRZQHJR SU]HLVWRF]HQLD ZáDVQ\FK ZLQ
LEáĊGyZZHZáDVQąQLHSRNDODQąFKZDáĊ=DSRPLQDüQLHQDOHĪ\RMHGQ\PUHZL]MRQLVWD
QLHSU]HVWDMHE\üNRPXQLVWą&]\OL²QLHRGU]XFDWRWDOL]PX&]\OL²SUDZGDZNWyUą
ZLHU]\LNWyUąFKFHJáRVLüMHVWW\ONRQHR±SUDZGąLQLHZQRVL]DVDGQLF]HJR]DSU]HF]HQLD
GRNDUG\QDOQ\FKQLHSUDZRĞFLLEáĊGyZGRNWU\Q\&]\OL²MDNSRZLHG]LDáSHZLHQSROVNL
NU\W\NOLWHUDFNL²GRPDJDVLĊ:\áąF]QHJRSUDZDGRQDSUDZLDQLD]HJDUNDGODW\FKNWy-
U]\JR]HSVXOL
.
$PHU\ND²F]\OLNáDPVWZRWRWDOQH
.
7RĪH0DU[RP\OLáVLĊZLHNDĪG\NWRZLHNWRWRE\á0DU[$ĪZVW\GSU]\SRPLQDüDOH
PDU[SU]HSRZLHG]LDáZ\EXFKUHZROXFMLZNUDMDFKR]DDZDQVRZDQ\PXSU]HP\VáRZLHQLX
:\EXFKáDZ]DFRIDQ\PNUDMXDJUDUQ\P0DU[WZLHUG]LáĪHSRVWĊSMHVWIXQNFMąUR]ZRMX
VLáSURGXNF\MQ\FK']LĞZLHP\ĪHQLHRJUDQLF]RQ\UR]ZyMVLáSURGXNF\MQ\FKPDQLHZLH-
OHZVSyOQHJR]SRVWĊSHPLGRSURZDG]LüPRĪHMHG\QLHGR]DQLNXĪ\FLDQDWHMSODQHFLH
0DU[ ZLHU]\á Z SRODU\]DFMĊ L URVQąF\ DQWDJRQL]P NODV Z XVWURMX NDSLWDOLVW\F]Q\P ²
ZVWRODWSRQLPVSRáHF]HĔVWZRNDSLWDOLVW\F]QHVNáDGDüVLĊPLDáRSRSURVWX]RJURPQHM
PDV\SUROHWDULXV]\LGUREQHMJDUVWNLLFKZ\]\VNLZDF]\LLFKQDMHPQ\FKVáXJ:VWRODW
SR0DU[LHVSRáHF]HĔVWZRGHPRNUDW\F]QR±NDSLWDOLVW\F]QHMHVWVNRPSOLNRZDQąPR]DLNą
ZVSyá]DOHĪQRĞFLSRPLĊG]\FLąJOHPQRĪąF\PLVLĊLRELHNW\ZQLH]UyĪQLFRZDQ\PLJUXSDPL
VSRáHF]Q\PLLFKUyĪQRURGQRĞüL]áRĪRQRĞüSU]\SUDZLDREyOVRFMRORJyZXVLáXMąF\FKMH
NODV\ILNRZDü/HQLQQDMZDĪQLHMV]\SR0DU[LHWHRUHW\NNRPXQL]PXZLG]ąFFRVLĊĞZLĊFL
UDF]HMXQLNDáSURURFWZLSU]HSRZLHGQL:LHU]\áMHGQDNJáĊERNRLJáRVLáEH]NRPSURPLVR-
ZRĪHSUROHWDULDWDZLĊFNODVDURERWQLF]DVWDQRZLüEĊG]LH]DZV]HDZDQJDUGĊNRPX-
QL]PX NRPXQLVW\F]QHM UHZROXFML L QDMZLHUQLHMV]ą DUPLĊ SDUWLL NRPXQLVW\F]QHM : OD-
WDFKVLHGHPG]LHVLąW\FKZ6WDQDFK=MHGQRF]RQ\FKF]\OLZQDMXSDUFLHMNDSLWDOLVW\F]QHM
GHPRNUDFML NODVD URERWQLF]D MHVW QDM]DFLHNOHMV]\P ZURJLHP NRPXQL]PX L QDF]HOQą
SU]HV]NRGąGODMHJRG]LDáDOQRĞFLZ$PHU\FH5RERWQLNDPHU\NDĔVNLQLHSU]HVWDMąFE\ü
NODV\F]Q\PSUROHWDULXV]HPZ\]E\W\PĞURGNyZSURGXNFMLSRVLDGDZDUXQNLPDWHULDOQH
LSROLW\F]Q\ZSá\ZQDORV\VZHJRNUDMXRMDNLFKURERWQLNZNUDMXNRPXQLVW\F]Q\PQLH
PRĪHPDU]\üQDZHWZVZ\FKQDMFXGRZQLHMV]\FKVQDFK
&]\PMHVW$PHU\NDZNUDMDFKNRPXQLVW\F]Q\FKZLHVLĊEDUG]RPDáRZ$PHU\FH
:LHG]ąRW\PQLHFRDPHU\NDĔVF\G\SORPDFLLG]LHQQLNDU]HDOHWHĪQLH]DGREU]HDOER-
ZLHPNRPXQL]PRVLąJQąáZVSDQLDáHUH]XOWDW\ZL]RORZDQLXLGH]LQIRUPDFMLW\FKZV]\VW-
NLFKNWyU\FK]DGDQLHPMHVWFRĞRQLPZLHG]LHü=UHV]WąJG\E\QDZHWZLHG]LHOLZV]\VWNR
DĪGRNRĔFDLFKZLHG]DQLHSU]\GDáDE\VLĊZLHOHZLQIRUPRZDQLXVDPHM$PHU\NL$OER-
ZLHP$PHU\NDQLHZLHRNRPXQL]PLH]GZyFKSRZRGyZ3RSLHUZV]HERQLFZLHG]LHü
QLHFKFHPDáRRQMąREFKRG]LQLHZ\GDMHVLĊMHMQLF]\PV]F]HJyOQLHUyĪQ\PRG]Z\NáHM
REFRĞFLWDNLHMVDPHMMDNRGUĊEQRĞFLJHRJUDILF]QHLHWQLF]QH3RGUXJLHGODWHJRĪHWDN
G\SORPDFLMDNG]LHQQLNDU]HMDNZV]\VF\LQQL]DLQWHUHVRZDQLEDGDMąRFHQLDMąPLHU]ą
DTP by SHADE 115
LZDUWRĞFLXMąNRPXQL]PSU]\SRPRF\WUDG\F\MQLHDPHU\NDĔVNLFKNU\WHULyZQRUPLLQ-
VWUXPHQWyZLQWHOHNWXDOQHJRSRPLDUX&]\OLVWRVXMą]HVSRá\SRMĊüZ\SUDFRZDQHZFLąJX
RVWDWQLFKODWSU]H]MXGHR±FKU]HĞFLMDĔVNąF\ZLOL]DFMHNWyUHM$PHU\NDMHVWVSDG-
NRELHUFąLG\QDPLF]Q\PSURPRWRUHP7\PF]DVHPNRPXQL]PZFLąJXODWVWZRU]\á
ZáDVQąF\ZLOL]DFMĊZNWyUHMZHJHWXMąMHV]F]HUHOLNW\RJyOQRHXURSHMVNLHJRGRURENXOHF]
ZNWyUHMQDMEDUG]LHMSRGVWDZRZHSRMĊFLDLNU\WHULDWHJRFRGREUHL]áHPąGUHLJáXSLH
RGGDZQDZ\U]XFRQH]RVWDá\QDĞPLHWQLN6WąGVNDOHLKLHUDUFKLHZDUWRĞFLNWyUHUHDOQLH
RERZLą]XMąZNRPXQL]PLHSR]RVWDMąQDMF]ĊĞFLHMZRF]\ZLVW\PNRQIOLNFLH]W\PLNWy-
U\PLRSHUXMHDPHU\NDĔVNLG\SORPDWDG]LHQQLNDU]F]\REVHUZDWRU7UXGQR]UHV]WąRWR
PLHüGRQLHJRSUHWHQVMĊXOHJDRQVLOHZáDVQ\FKQDZ\NyZP\ĞORZ\FKEDUG]RUyĪQ\FK
RGW\FKNWyUHPXVąZáDĞQLHSRWU]HEQHDGRGDWNRZRMHVWZ\VWDZLRQ\QDQLHXVWDQQH
SURPLHQLRZDQLHQDMPLVWHUQLHMVNRQVWUXRZDQ\FKNáDPVWZZKLVWRULLF\ZLOL]RZDQ\FKVSR-
áHF]HĔVWZ
0XVLP\ VRELH SU]\SRPQLHü ĪH MXĪ Z ]DUDQLX NRPXQL]PX Z\EXFKá EU]HPLHQQ\
ZVNXWNLNRQIOLNWSRPLĊG]\MHJRSURWDJRQLVWDPL-HGQLXWU]\P\ZDOLĪHW\ONRUHZROXFMD
QD VNDOĊ ĞZLDWRZą PRĪH E\ü KLVWRU\F]Q\P ]Z\FLĊVWZHP NRPXQL]PX LQQL ĪH QDOH-
Ī\ ]EXGRZDü JR QDSU]yG Z MHGQ\P RGSRZLHGQLR SRWĊĪQ\P NUDMX L ] ED]\ WHM UR]-
SU]HVWU]HQLDüQDFDá\ĞZLDW2ELHVWURQ\G\VSRQRZDá\]DSDVHPXF]RQ\FKDUJXPHQWyZ
LQLHRGSDUW\FOLGRZRGyZVZHMUDFML=Z\FLĊĪ\áDGUXJDNRQFHSFMDZLPLĊNWyUHM6WDOLQ
Z\PRUGRZDá]ZROHQQLNyZSLHUZV]HM]7URFNLPQDF]HOH1LHPQLHMMHGQDNSU]HMąáMHGHQ
]F]áRQyZUR]XPRZDQLDSU]HFLZQLNyZLRJáRVLáMDNRGRJPDWGLDOHNW\F]Q\LLGHRZ\ĪH
GRSyNL LVWQLHü EĊG]LH QD ĞZLHFLH W]Z NDSLWDOLVW\F]QH RWRF]HQLH NRPXQL]P QLH EĊG]LH
Z VWDQLH ]UHDOL]RZDü VLĊ Z SHáQL L MHJR ĞZLHWODQH FHOH QDG]LHMD FDáHM OXG]NRĞFL EĊGą
PXVLDá\ ]DF]HNDü ] SHáQą LPSOHPHQWDFMą -HVW WR MHGHQ ] QDMEDUG]LHM ]DG]LZLDMąF\FK
VRIL]PDWyZ LPSRQXMąF\FK VZą IXQNFMRQDOQRĞFLą L LQWHOHNWXDOQą EH]F]HOQRĞFLą = MHG-
QHMVWURQ\REZLHV]F]DVLĊPHFKDQL]PKLVWRULL]DQLHQDUXV]DOQ\ZVZHMĞZLĊWRĞFLDOER-
ZLHP]JRGQLH]QLPĪDGQDVLáDQDĞZLHFLHQLHMHVWZVWDQLHSU]HV]NRG]LüRVWDWHF]QHPX
WULXPIRZL VRFMDOL]PX Z\FLHĔF]RQH QĊG]ą L EH]QDG]LHMQRĞFLą PDV\ QD =DFKRG]LH RG
ODWF]HNDMą]XWĊVNQLHQLHPQDSU]\E\FLH&]HUZRQHM$UPLLNWyUHMSRWĊG]H]JRGQLH
]Z\URNLHPG]LHMyZQLNWQLHMHVWVLĊZVWDQLHSU]HFLZVWDZLü=GUXJLHMVWURQ\ZELMDVLĊ
ZĞZLDGRPRĞüZáDVQ\FKVSRáHF]HĔVWZĪHMHĞOLFDá\ĞZLDWE\áE\MXĪU]ąG]RQ\].UHPOD
DOHMDNLPĞQLHVDPRZLW\PWUDIHP3DUDJZDML.HQLDSR]RVWDá\E\ZV]SRQDFKNDSLWDOL]PX
NRPXQL]PQLHPRĪHF]XüVLĊSHZQLHPXVLF]XüVLĊ]DJURĪRQ\DMHJRPDV\PXV]ąE\ü
WU]\PDQHZVWDQLHPRELOL]DFMLJRWRZRĞFLLSUDNW\F]QHJRQLHZROQLFWZD-DNZNDĪG\P
SDUDGRNVLHWDNLZW\PWNZLFHQQDLLVWRWQDSUDZGD.RPXQL]PRVLąJQąáMXĪVWDGLXP
ZNWyU\PQLHERLVLĊDUPDW%RLVLĊW\ONRLGHM:LHĪHĪDGQHMZRMQ\QLHPRĪHSU]HJUDü
ZWU\ELHEH]ZDUXQNRZ\P$OHWHĪZLHĪHSyNLLVWQLHMHQDMFLDĞQLHMV]HPLHMVFHQD]LHPL
JG]LHOXG]LHPRJąPyZLüLP\ĞOHüMHJRLVWQLHQLHLUDFMDLVWQLHQLDVąĞPLHUWHOQLH]DJUR-
ĪRQH*G\E\W\PLQNXEDWRUHPLGHMPLDáDE\üMXĪW\ONR*UHQODQGLDÄ3UDZGD´LÄ,]ZLH-
VWLD´SURNODPRZDá\E\MąZURJLHPQUNROHENąLPSHULDOL]PXLNDSLWDOLVW\F]Q\PRNUą-
ĪHQLHPĞZLDWDVRFMDOL]PXRUD]RVNDUĪ\á\E\MąRFKĊüDJUHVMLLSRGELFLD=655DWDNLH
RQLHXVWDQQHQDV\áDQLHVZRLFKDJHQWyZSU]HEUDQ\FK]DSLQJZLQ\&yĪGRSLHUR]DĞJG\
NROHENąQLH]DOHĪQHMP\ĞOLVą6WDQ\=MHGQRF]RQHQDMZLĊNV]DSRWĊJDĞZLDWDZV]F]\WR-
ZHMID]LHVZHJRUR]ZRMX
6WąG²DPHU\NDĔVNLHG\ZDJDFMHQDWHPDWNRĔFD]LPQHMZRMQ\ZODWDFKV]HĞüG]LH-
VLąW\FKVąSU]HGVLĊZ]LĊFLHPMHGQRVWURQQ\PLVWDQRZLąWUDQVSR]\FMĊP\ĞOHQLDSROLW\F]-
QR±G\SORPDW\F]QHJR Z VIHUĊ GLDOHNW\F]QR±LGHRORJLF]Qą JG]LH MHVW RQR EH] ZDUWRĞFL
3RNRMRZD NRHJ]\VWHQFMD MHVW WHFKQLF]Q\P WHUPLQHP RNUHĞODMąF\P F]DVRNUHV ]áDJR-
G]RQ\FKPDQHZUyZSROLW\F]Q\FKZGXFKXZ]DMHPQ\FKXSU]HMPRĞFLLPLNURVNRSLMQ\FK
XVWĊSVWZ 1LH PD RQD LQQ\FK NRQVHNZHQFML Z 5RVML QLĪ ZSXV]F]HQLH NLONX DPHU\NDĔ-
VNLFKSLDQLVWyZQDNRQFHUW\Z0RVNZLHL]DSURV]HQLHNLONXSLVDU]\RF]\PZLHG]ąW\ONR
F]áRQNRZLH]ZLą]NXOLWHUDWyZLLFKURG]LQ\
: VNDOL JOREDOQHM NDQRQHP SROLW\NL DPHU\NDĔVNLHM RG SRF]ąWNX UHSXEOLNL E\áD
DTP by SHADE 116
LMHVWVWDUDOLEHUDOQD]DVDGDĪ\üVDPHPXLGDüLQQ\PĪ\üMDNFKFą%H]Z]JOĊGXQDWR
F]HJRVRELHĪ\F]ąFRRW\PP\ĞOąLFRRW\PSLV]ą]ZROHQQLF\NRHJ]\VWHQFMLZ$PH-
U\FHNDQRQHPJHRSROLW\NLNRPXQLVW\F]QHMMHVWXQLFHVWZLHQLH$PHU\NLJáyZQHJRF]áR-
QX NDSLWDOLVW\F]QHJR RNUąĪHQLD $E\ WR RVLąJQąü QLJG\ QLH SU]HVWDOL RQL XF]\ü VZRMH
G]LHFLZV]NRáDFKĪHMHG\Q\PFHOHP$PHU\NLMHVW]QLV]F]HQLH=6552UD]ĪHRJURPQH
Z\QĊG]QLDáHPDV\DPHU\NDĔVNLHJRSUROHWDULDWXWRUWXURZDQHSU]H]NDSLWDOLVWyZ]:DOO
6WUHHWQLFLQQHJRQLHURELąW\ONRF]HNDMąQDSU]\E\FLH&]HUZRQHM$UPLL²RVZRERG]L-
FLHONL2EDWHWZLHUG]HQLDSR]RVWDMąZRF]\ZLVWHMVSU]HF]QRĞFLOHF]NRPXQL]PZLHMDN
PDáRF]XáHQDVSU]HF]QRĞüVąG]LHFL
&DáDWDSUREOHPDW\NDZ\JOąGDQLHFRLQDF]HMRGVWURQ\(XURS\ZVFKRGQLHM:SU]H-
FLZLHĔVWZLHGR=655JG]LHPDV\XOHJá\QDMEDUG]LHMEUXWDOQHMLQGRNWU\QDFMLZG]LHMDFK
RUD]JG]LHQDVWURMHZLHONRPRFDUVWZRZHJUDMąGXĪąUROĊPLPRZHZQĊWU]QRSROLW\F]QHJR
NRV]PDUXPDV\ZVFKRGQLRHXURSHMVNLHVą]GHF\GRZDQLHáZ\UDĨQLHDQW\NRPXQLVW\F]-
QH2W\PZLHVLĊZ$PHU\FHDOHQLHZLHVLĊRW\PĪHPDV\WHVąWDNĪHIUHQHW\F]QLH
SURDPHU\NDĔVNLH L PDáR NWR ]GDMH VRELH VSUDZĊ ]H VWRSQLD QDWĊĪHQLD LFK V\PSDWLL
*G\E\LVWQLDáDPRĪOLZRĞüEDGDQLDRSLQLLSXEOLF]QHMZ(XURSLHZVFKRGQLHMQDS\WDQLH
F]HJRVRELHSDQSDQLQDMJRUĊFHMĪ\F]\ZVSUDZDFKSXEOLF]Q\FK²MHVWHPSU]HNRQDQ\
ĪH]QDF]QDZLĊNV]RĞüRGSRZLHG]LDáDE\DPHU\NDĔVNLHMRNXSDFML1LHPDWRQLFZVSyO-
QHJR]JURWHVNRZąSU]HVDGąVSRáHF]HĔVWZDWHQDXF]\á\VLĊĪHZĞZLHFLHG]LVLHMV]\P
W\ONRNRQVHNZHQWQDRSLHNDPRĪQLHMV]HJR]DSHZQLDMDNLHĞSURVSHULW\PDWHULDOQHLRE\-
F]DMRZR±VSRáHF]QH &KRG]L R WR W\ONR NWR MHVW W\P PRĪQLHMV]\P L SU]\NáDG\ 1LHPLHF
L-DSRQLLPyZLąVDPH]DVLHELH1DQLHSRGOHJáRĞüLQLHLQJHUHQFMHEĊG]LH]DZV]HF]DV
JG\]QLNQLHQLHEH]SLHF]HĔVWZRVRZLHFNLH²UR]XPXMHZVFKRGQLRHXURSHMVNLSURVWDF]HN
²ZLDGRPR]DĞMDNV]F]RGU]HLGHOLNDWQLH$PHU\NDWUDNWXMHW\FKFRMHM]DXIDOL=DSDV
NRQNUHWQHMQLHQDZLĞFLGRNRPXQL]PXSU]HUDVWDZW\FKNUDMDFKQDMĞPLHOV]HDPHU\NDĔ-
VNLHSU]\SXV]F]HQLDDOHNRPXQLĞFLZLHG]ąRQLPGREU]H/LF]\OLQDWRĪHXGDLPVLĊJR
UR]áDGRZDüĪHVDPRĪ\FLHJRMDNRĞUR]áRĪ\]GHNRPSRQXMH7RRND]DáRVLĊPU]RQNą
QLHQDZLĞü URĞQLH Z SRVWĊSLH JHRPHWU\F]Q\P L WHQ NWR EĊG]LH XPLDá MD VNDQDOL]RZDü
LZ\NRU]\VWDü]GREĊG]LHNRQWUROĊQDGLPSHULXPNRPXQLVW\F]Q\PZ(XURSLH
$PHU\NDĔVNLHSU\QF\SLXPWRPDNHIULHQGV]DZV]HONąFHQĊVWDQRZLąFHSLHUZLDVW-
NRZą]DVDGĊDPHU\NDĔVNLHMSROLW\NL]DJUDQLF]QHMLG\SORPDFMLSU]HQRVLPHFKDQLF]QLH
GRSROLW\NLSHZQHLGHDá\DPHU\NDĔVNLHMFRG]LHQQRĞFLDWDNĪHXMDZQLDVĊG]LZ\VSHF\-
ILF]QLHDPHU\NDĔVNLNRPSOHNVQLĪV]RĞFLZREHFDU\VWRNUDW\F]Q\FKWUDG\FMLHXURSHMVNLHM
G\SORPDFML:ĪDUJRQLHSURSDJDQGRZ\PNRPXQL]PXRVNDUĪDVLĊQLHXVWDQQLHG\SORPD-
FMĊDPHU\NDĔVNąREUXWDOQRĞüEH]Z]JOĊGQRĞüRNUXFLHĔVWZRZXOJDUQąLQWHUHVRZQRĞü
-HVWWR]QLHZDJDSHUILGQDFK\WUDSRGVWĊSQHRVNDUĪHQLHLREFLąĪHQLHSU]HFLZQLNDGR-
NáDGQLH ZáDVQ\PL JU]HFKDPL 3UDZG]LZ\P JU]HFKHP ZVSyáF]HVQHJR DPHU\NDĔVNLHJR
G\SORPDW\MHVWVHQW\PHQWDOL]PLQDLZQDGEDáRĞüRPDQLHU\LORJLNĊ8ZDĪDRQFLąJOH
XF]XFLD L SURWRNyá ]D MDNLHĞ HOHPHQW\ Z UR]JU\ZFH L FLąJOH P\ĞOL R W\P FR RQL VRELH
SRP\ĞOą MDNE\ FRNROZLHN PLDáR MDNLNROZLHN ZSá\Z QD LFK P\ĞOHQLH SUyF] Z\áąF]QLH
UHDOQ\FK DWXWyZ MDN VLáD SU]HZDJD NRQNUHWQH G]LDáDQLH : JHRSROLW\F]Q\P Z\PLD-
U]H$PHU\NDZDOF]\GHVSHUDFNRRX]QDQLHV\PSDWLĊLV\PSWRP\XF]Xü%ROLZLMF]\NyZ
L)UDQFX]yZ(JLSFMDQL:áRFKyZNWyU]\²F]XMąFVLĊRG$PHU\NDQyZJRUV]\PLLVáDE-
V]\PL²PRJąLFKW\ONREDüVLĊLQLHQDZLG]LHüMHG\QąVDW\VIDNFMĊ]QDMGXMąFZDQW\-
DPHU\NDĔVNLHM SRJDUG]LH : FLąJX RVWDWQLFK  ODW QLF QLH ZVND]XMH QD WR ĪH FHOHP
DOLDQWyZ$PHU\NLMHVWFRĞLQQHJRSR]DZ\NRU]\VW\ZDQLHPSROLW\F]Q\PLPDWHULDOQ\P
MHMSRWĊJL7\PF]DVHPĪ\MHQDĞZLHFLHNLONDG]LHVLąWPLOLRQyZOXG]LNWyU]\VąIDQDW\F]-
Q\PL]ZROHQQLNDPL$PHU\NLJRWRZ\PLQDZV]\VWNRSRWHQFMDOQ\PLVSU]\PLHU]HĔFDPL
XSDWUXMąF\PLZ$PHU\FHLGHDáLHZHQWXDOQHJRNU]\ĪRZFD]NWyU\PNLHG\ĞZVSyOQLHSR-
ZĊGUXMąGR=LHPL2ELHFDQHMLĝZLĊWHMDF]NROZLHNQDUD]LHQLFQDEOLVNRĞüWDNLHMNUXFMDW\
QLHZVND]XMH-HVWWRMHG\Q\UH]HUZXDUHQWX]MDVW\F]Q\FKEH]JUDQLFDOLDQWyZSáDF]ą-
F\FKSU]\WHOHZL]RUDFKJG\DPHU\NDĔVNL]DZRGQLNSU]HJU\ZDQDROLPSLDG]LHLXSLMDMą-
F\FKVLĊ]HV]F]ĊĞFLDSU]\NDĪG\PVXNFHVLH$PHU\NL6ąRQLZV]\VF\]JRGQLFRGRWHJR
DTP by SHADE 117
ĪH$PHU\NDSRZLQQD]UyZQDü:LHWQDP3yáQRFQ\]]LHPLąDOERZLHPRQLZLHG]H@FRWR
MHVWNRPXQLVW\F]QHNáDPVWZRLĪDGQHZ]JOĊG\KXPDQLWDU\]PXQLHJUDMąGODQLFKĪDGQHM
UROL0RPHQWHPQDMVáRGV]HJRWULXPIXZLFKĪ\FLXE\á$PHU\NDQLQQDNVLĊĪ\FX1LHPQLHM
RGSRZLHGĨ QD S\WDQLH F]\ QLHQDZLĞü GR NRPXQL]PX MHVW UyZQR]QDF]QD ] PLáRĞFLą GR
$PHU\NLMHVW]DZLáDLQLHáDWZD
:\JOąGDQDWRĪH$PHU\ND]PDUQRZDáDSHZLHQNDSLWDáQLHSRPLHUQLHZLĊNV]\QLĪ
Z\GDMHVLĊWRQDSLHUZV]\U]XWRNDPLHU]ąFNRQZHQFMRQDOQLHGRQLRVáRĞüWHMF]ĊĞFL(X-
URS\ZFDáRNV]WDáFLHJHRSROLW\F]QHMNDONXODFML3U]H]SLHUZV]HSLĊüODWSRGUXJLHMZRMQLH
ĞZLDWRZHM(XURSDZVFKRGQLDGDU]\áD$PHU\NĊEH]EU]HĪQąPLáRĞFLą]GUDG]RQHMNRELHW\
NWyUDPLPRGR]QDQHMNU]\ZG\QLHMHVWZVWDQLH]DSRPQLHüXURNyZNRFKDQND:F]DVLH
ZRMQ\ NRUHDĔVNLHM SU]HFKRGQLH PLMDMąF DPEDVDG\ DPHU\NDĔVNLH Z VWROLFDFK ZVFKRG-
QLRHXURSHMVNLFKVSRQWDQLF]QLH]GHMPRZDOLF]DSNLLNDSHOXV]HSU]HGZ\ZLHV]RQ\PWDP
JZLDĨG]LVW\P V]WDQGDUHP F]\KDMąF\ Z SREOLĪX V]SLFOH SROLFML SROLW\F]QHM DUHV]WRZDOL
G]LHQQLHSRNLONDQDĞFLHRVyE:3ROVFHUR]HV]áDVLĊSRJáRVNDĪHRJáRV]RQRSREyURFKRW-
QLNyZGRZDONQD.RUHL]JáRVLá\VLĊWáXP\OXG]LNWyU]\RWZDUFLHG\VNXWRZDOLPHWRG\
SU]HFKRG]HQLDSU]H]OLQLĊIURQWXGR0DF$UWKXUD*DáDDIHUDRND]DáDVLĊSURZRNDFMąSR-
OLFMLSROLW\F]QHMNWyUDVNUXSXODWQLH]DUHMHVWURZDáDPQyVWZRÄRFKRWQLNyZ´]DQLPOXG]LH
]RULHQWRZDOL VLĊ R FR FKRG]L .DU\NDWXU]\ĞFL Z RILFMDOQ\FK RUJDQDFK NRPXQLVW\F]Q\FK
]Z\NOL U\VRZDü 0DF$UWKXUD MDNR NUZDZHJR NDWD R UĊNDFK RFLHNDMąF\FK NUZLą REZLH-
V]RQHJR KLWOHURZVNLPL VZDVW\NDPL DOH ]DZV]H Z FLHPQ\FK SU]HFLZVáRQHF]Q\FK RNX-
ODUDFK FR PLDáR V\PEROL]RZDü DPHU\NDQL]P %\á F]DV JG\ FDáD :DUV]DZD FKRG]LáD
]LPąZFLHPQ\FKRNXODUDFKMDNRV\PEROVROLGDUQRĞFL]0DF$UWKXUHPVHNUHWDU]HSDU-
W\MQLZ]DNáDGDFKSUDF\RWU]\PDOLUR]ND]SR]EDZLDQLDSRVDGNDĪGHJRNWRQRVLáFLHPQH
RNXODU\QDZHWMDNPyJáXGRZRGQLü]DĞZLDGF]HQLHPOHNDUVNLPĪHFLHUSLQD]DSDOHQLH
VSRMyZHN:URNXNUąĪ\áDZPLDVWDFK(XURS\ZVFKRGQLHMZ\VWDZDSRGW\WXáHP
Ä2WR $PHU\ND´ RUJDQL]RZDQD SU]H] Z\G]LDá\ SURSDJDQGRZH SDUWLL NRPXQLVW\F]Q\FK
%\áDRQDSRP\ĞODQDMDNRJLJDQW\F]QHRVNDUĪHQLHWHJRFRREUD]RZR]ZLHVLĊZMĊ]\NX
G]LHQQLNDUVNLP NRPXQL]PX ÄZLOF]\PL NáDPL LPSHULDOL]PX´ DOER ÄU\QV]WRNLHP NDSLWD-
OLVW\F]QHMNXOWXU\´OHF]RUJDQL]DWRU]\MHMSRSHáQLOLEáąG0LDQRZLFLHZ\SHáQLOLMąDXWHQ-
W\F]Q\PLHNVSRQDWDPLWDNLPLMDNSLVWROHW\GODV]SLHJyZSU]H]URF]DSU]HGVWDZLDMąFH
SU]HĞODGRZDQLD0XU]\QyZFRPLFV\]Ä%UDFL.DUDPD]RZ´SODVWLNRZHJDGJHW\LOXVWUXMą-
FHVZRMąNU]\NOLZRĞFLąZXOJDUQRĞüRE\F]DMyZ6NXWNLWHMZ\VWDZ\E\á\DSRNDOLSW\F]QH
WáXP\MDNLHJURPDG]Lá\VLĊSU]\ZHMĞFLDFKWZRU]\á\NROHMNLZNWyU\FKF]HNDüWU]HEDE\áR
SRNLONDJRG]LQG]LHFLPDVRZRXFLHNDá\]NODVDE\W\ONRFKRüWURFKĊSRE\üQDZ\VWDZLH
LGRSLHURUHJXODUQHREáDZ\SU]H]OLF]QHRGG]LDá\SROLFMLGRSURZDG]Dá\MH]SRZURWHPQD
áDZNLV]NROQH3HZLHQSROVNLSLVDU]NWyU\XFLHNáQD=DFKyGSRGNRQLHFODWWDNZVSR-
PLQD RZą Z\VWDZĊ Ä/XG]LH FKFLHOL XMU]Hü FRNROZLHN DPHU\NDĔVNLHJR« FKRüE\ SU]H]
FKZLOĊSRSDWU]HüQDU]HF]\]URELRQH]DRFHDQHPSU]H]OXG]LNWyU]\LPQLJG\QLHSR-
PRJą-HVWWRPLáRĞüQLHV]F]ĊĞOLZDPLáRĞüEH]FLHQLDZ]DMHPQRĞFL,MXĪFK\EDPLáRĞü
RVWDWQLD GOD W\FK NWyU]\ VND]DQL Vą QD QLHE\W Z NRPXQL]PLH« 1DV] JHVW EUDWHUVWZD
ZVWRVXQNXGR$PHU\NDQyZMHVWĞPLHV]Q\LĪDáRVQ\LQLH]RVWDQLHSU]H]QLFKQLJG\DQL
GRVWU]HĪRQ\DQL]UR]XPLDQ\-HVWWRMHGQDNMHG\Q\JHVWQDMDNLQDVVWDü0RĪHG]LHMH
VLĊWDNĪHZEUDNXRELHWQLF\NU\MHVLĊQDMZLĊNV]DQDG]LHMD.RPXQLĞFLRELHFDOLZV]\VW-
NRFKOHESUDFHZROQRĞüEUDWHUVWZR$OHNWRRELHFXMHZV]\VWNRWHQQLHRELHFXMHQD-
SUDZGĊQLF]HJR´/XG]LHQRVLOLZWHG\] SDVMąVWDUHDPHU\NDĔVNLHXEUDQLDLZRMVNRZH
SáDV]F]HMHV]F]H]F]DVyZZRMQ\OXE]SDF]HNRGNUHZQ\FK]$PHU\NLPLPRĪHJUR]LáR
]DWRZ\U]XFHQLH]HV]NRá\]XQLZHUV\WHWX]SUDF\DF]DVHPQDZHWDUHV]WRZDQLHLZLĊ-
]LHQLH$OHWDNZáDĞQLHZWHG\NRFKDQR$PHU\NĊ
6W\JQLĊFLHWHMPLáRĞFLSU]\SDGDQDRNUHV]PLDQLUHIRUPZ(XURSLHZVFKRGQLHMJG\
]ZLHG]HQLSR]RUDPLZHZQĊWU]QHJRRGSUĊĪHQLD$PHU\NDQLHXVWDQRZLOLQRZHZ\W\F]QH
GOD VZHM SROLW\NL Z WHM F]ĊĞFL LPSHULXP 1D]\ZDáR VLĊ WR VWDZND QD UHZL]MRQL]P QD
W]ZNRPXQL]PQDURGRZ\QDZDONLIUDNF\MQHLVFKL]P\F]\OLQDHUR]MĊZáDG]\²MDN
WR ZG]LĊF]QLH QD]ZDá SHZLHQ DPHU\NDĔVNL SROLWLFDO VFLHQWLVW : QLHVSRNRMQ\FK VWROL-
DTP by SHADE 118
FDFK ZVFKRGQLRHXURSHMVNLFK $PHU\NDQLH SRF]XOL VLĊ QDJOH QDMEDUG]LHM ]DIDVF\QRZDQL
NRPXQL]PHPDQLHU]HF]\ZLVW\PRSRUHPSU]HFLZQLHPX=PLDQ\ZáRQLHNRPXQL]PX
X]QDQH ]RVWDá\ ]D NOXF] GR SU]\V]áRĞFL L ]D HZHQWXDOQ\ PRVW GR SRUR]XPLHĔ 5]HF]
MDVQD²]PLDQ\$PHU\NDQLHSRMPRZDOLZHGáXJWUDG\F\MQ\FKQRUP]DFKRGQLHMILOR]RILL
SROLW\F]QHMQLHĞZLDGRPLĪH]PLDQ\ZNRPXQL]PLHRLOHQDZHW]DFKRG]ąPDáRPDMą
ZVSyOQHJR]SRMĊFLHP]PLDQ\]DDNFHSWRZDQ\PSU]H]QDV]ąORJLNĊLQDV]ąWHRULĊSR-
]QDQLD:\WZRU]\áDVLĊWHG\DEVXUGDOQDV\WXDFMDZNWyUHMDPEDVDG\VRZLHFNDLDPH-
U\NDĔVNDSRSLHUDá\ZNDĪGHMVWROLF\ZVFKRGQLRHXURSHMVNLHMW\FKVDP\FKOXG]LDPLD-
QRZLFLH NRPXQLVWyZ VSUDZLDMąF\FK ZUDĪHQLH ĪH Z VSRVyE PLDURGDMQ\ ZSá\ZDMą QD
WRFRVLĊZW\FKNUDMDFKG]LHMH5RVMDQLHG]LDáDOLNRQVHNZHQWQLHZ]JRG]LH]ZáDVQ\P
LQWHUHVHP$PHU\NDQLHRVLąJDOLWRW\ONRĪHFLNWyU]\LFKGRWąGNRFKDOL]DF]ĊOLQDQLFK
SDWU]Hü]FRUD]ZLĊNV]ąQLHXIQRĞFLą:]DPLDQ]DSRZROQąXWUDWĊSáRPLHQQ\FKXF]Xü
VZ\FKQDWXUDOQ\FKVRMXV]QLNyZQLHX]\VNLZDOLQLF]HJRRGNRPXQLVWyZ6Z\PQDMZLHU-
QLHMV]\P ] ZLHUQ\FK NWyU]\ RG $PHU\NDQyZ SUDJQĊOL SU]HGH ZV]\VWNLP ]UR]XPLHQLD
WHJRMDNMHVWQDSUDZGĊ$PHU\NDQLHVHUZRZDOLUD]SRUD]]XĪ\WHLSU]HĪXWHSRVWRNURü
VORJDQ\ R QLHXJLĊWRĞFL ZROQRĞFL QLHSRGOHJáRĞFL KHURL]PLH %DUG]LHM VNRPSOLNRZDQH
XF]XFLDLSURSR]\FMHE\á\GODNRPXQLVWyZNWyU\FK²]GDQLHPLGHRORJLF]Q\FKSODQLVWyZ
Z'HSDUWDPHQFLH6WDQX²QDOHĪ\SLHĞFLüLKRáXELüDOERZLHPU]ąG]ąLU]ąG]LüEĊGą%yJ
ZLHMDNGáXJR6WRVXQHNGRZVFKRGQLRHXURSHMVNLFKNRPXQLVWyZXOHJá]DWHPNDUG\QDO-
QHM]PLDQLHQLNWQLHGąĪ\áMXĪGRVSRUX]QLPLRSU\QF\SLDFKRüE\UXG\PHQWDUQHLIRU-
PXáRZDQHZVSRVyESU]HVWDU]DáHVHQW\PHQWDOQ\1DPLHMVFHVSRUXSRMDZLáDVLĊNRNLH-
WHULDVXEWHOQHXZRG]LFLHOVWZRLSRNXV\.RPXQLVWyZ]DF]ĊWRREV\S\ZDüOXNUDW\ZQ\PL
VW\SHQGLDPL ]DSURV]HQLDPL GDUPRZ\PL SRE\WDPL Z QDMDWUDNF\MQLHMV]\FK PLHMVFDFK
$PHU\NLNRQWDNWDPL]QDMFLHNDZV]\PLOXGĨPL-DNE\QLHUR]XPLHMąFĪHNDĪG\Z\MD]G
]HZVFKRGQLHM(XURS\QD=DFKyG]DGRODU\MHVWNUyOHZVNRKRMQąSUHPLąZVSDQLDá\P
Z\QDJURG]HQLHP$PHU\NDQLHUR]SRF]ĊOLDNFMĊREGDURZ\ZDQLDVZ\PURJLHPREILWRĞFL
QDMJRUV]\FKVSRĞUyGNRPXQLVWyZW\FKERZLHPNWyU\FKF\QLF]QDĪRQJOHUNDSVHXGRQRQ-
NRQIRUPL]PHPWDN XVWDZLDáD Z RF]DFK SDUWLL ĪH WD SR]ZDODáD LPQD RWZDUWH NRQWDN-
W\ ] $PHU\NDQDPL 'RV]áR GR WHJR ĪH QD 8QLZHUV\WHFLH :DUV]DZVNLP VNRUXPSRZD-
QLLRSRUWXQLVW\F]QLLQWHOHNWXDOLĞFLSROVF\EDZLOLVLĊSRZLHG]HQLDPLMDNÄ-HĞOLEĊG]LHV]
SU]\NáDGQ\PNRPXQLVW\SRMHG]LHV]QDVW\SHQGLXP)RUGDGR$PHU\NL´5]HF]MDVQDĪH
VSRáHF]HĔVWZDZNRPXQL]PLHZLHG]ąOHSLHMRG$PHU\NDQyZNWRMHVWLMDNLHáDMGDFWZD
NU\Mą VLĊ ]D IDVDGą XF]RQRĞFL SU]\VWĊSQRĞFL LQWHOHNWXD%]PX QLF ZLĊF G]LZQHJR ĪH
RĪ\ZLRQD G]LDáDOQRĞü $PHU\NDQyZ QDJUDG]DMąF\FK NRPXQLVWyZ ]D LFK QLNF]HPQRĞü
RGGDODáDRGQLFKFRUD]EDUG]LHMW\FKZV]\VWNLFKNWyU]\NRFKDOLMąZVSRVyEQDWXUDOQ\
LSURVW\
1DF]\PSROHJDáDEáĊGQRĞüDPHU\NDĔVNLHMNDONXODFML"3U]HGHZV]\VWNLPQDVWRVR-
ZDQLXQRUPUR]XPRZDQLD]]DNUHVXZáDVQHMF\ZLOL]DFML=DSUDV]DMąFGRVLHELHLIHWXMąF
OXG]LQRWRU\F]Q\FK]SRSHáQLDQ\FKZNRPXQL]PLHQLNF]HPQRĞFLNWyU\FKQD]ZLVNDF]Ċ-
VWRV\PEROL]RZDá\NáDPVWZDL]EURGQLHRNUHVXVWDOLQL]PX$PHU\NDQLHG]LDáDOLZLPLĊ
UyZQLHSU]HVWDU]Dá\FKSRMĊüLGHDOL]PXLUHDOL]PX,FKLGHDOL]PZ\QLNDáWZLDU\ZSUDZ-
GĊRELHNW\ZQąNDĪG\$PHU\NDQLQQDZHWQDMEDUG]LHMVFHSW\F]Q\ZLHU]\ZNRĔFXĪH
SUDZGD RELHNW\ZQD PD XOW\PDW\ZQą VLáĊ SU]HNRQ\ZDQLD L ĪH NWRĞ SRVWDZLRQ\ ZREHF
NRQNUHWQLHLVWQLHMąFHJRIDNWXPXVLIDNWWHQ]DDNFHSWRZDüL]JRG]LüVLĊ]QLP6WąGVąG]L
RQĪHMHĞOLSU]\ZLH]LHVLĊNRPXQLVWĊGR$PHU\NLLSRáRĪ\VLĊSU]HGQLPZROQRĞüVXPLHĔ
GRVWDWHNURERWQLNDSUDZDRE\ZDWHOVNLHLHJDOLWDU\]PVSRáHF]Q\NRPXQLVWDXGHU]\VLĊ
Z SLHUĞ U]HZQLH ]DSáDF]H L ]DZRáD Ä%áąG]LáHP 2G G]LĞ FKFĊ E\ü GHPRNUDWą :UyFĊ
GRVZHMRMF]\]Q\LEĊGĊSUDFRZDáGODZVSyOQ\FKLGHDáyZ´7\PF]DVHPNRPXQLVWDLP
LQWHOLJHQWQLHMV]\W\PEDUG]LHMXSU]HMPLHXĞPLHFKQLHVLĊLQLHXZLHU]\ZQLF&]ĊVWR]DĞ
SRZLH]QLHZ\VáRZLRQąEH]F]HOQRĞFLąĪHZNRPXQL]PLHMHVWZLĊFHMZROQRĞFLUyZQRĞFL
LGREURE\WX&]ĊVWRWHĪ]QLHQDZLG]L$PHU\NĊMHV]F]HJáĊELHM]DWRĪHMHVWZQLHMU]HF]\-
ZLĞFLHOHSLHMLRQRW\PZLH=DZV]H]DĞLQLHXFKURQQLHZUyFLGRVZHMRMF]\]Q\LEĊG]LH
SOZDáQD$PHU\NĊ]SRGZyMQąPRFą]DRSDWU]RQ\]DDPHU\NDĔVNLHSLHQLąG]HZQRZH
DTP by SHADE 119
WHPDW\GRSOZDQLDDOERZLHPWRMHVWJáyZQ\SRZyGGODNWyUHJRWXSU]\MHFKDá]JRGQLH
]SR]ZROHQLHPSDUWLL]F]HJRZ\V\áDMąF\JRGR$PHU\NLDPHU\NDĔVF\G\SORPDFLQLH
EDUG]RVRELH]GDMąVSUDZĊ
$PRW\ZDFMDUHDOLVW\F]QDZ\JOąGDWDN]DSUDV]DP\LSáDFLP\]DSRGUyĪGR$PH-
U\NLVWDUHJRRSRUWXQLVW\LNUĊWDF]DSROLW\F]QHJR6áXĪ\RQNRPXQLVWRPRW\PZLHP\
OHF] PD ZSá\Z\ L SRZDĪDQLH VZ\FK SDUW\MQ\FK SUDFRGDZFyZ = QDWXU\ MHVW VNáRQQ\
GRUyĪQ\FKPDFKLQDFMLPRĪHZLĊFFRĞZ\QHJRFMXMHP\WUDILP\SU]H]QLHJRZ\ĪHMLGR
EDUG]LHMPLDURGDMQ\FKRĞURGNyZZáDG]\GDP\GRZyGQDV]HMSU]\VWĊSQRĞFLFRPRĪH
LFKQDVWDZLüSU]\FK\OQLHGRQDV=DSUDV]DMP\PáRG\FKU]XWNLFK]UĊF]Q\FKNRQIRUPL-
VWyZ1LJG\QLHZLDGRPRFR]URELąJG\GRMGąGRZáDG]\0RĪHNRQWDNW\]QDPLXWRUXMą
QDP GURJĊ GR QLFK ZWHG\ JG\ MXĪ ZáDG]Ċ RVLąJQą =DSUDV]DMP\ PáRG\FK WZDUG\FK
EH]Z]JOĊGQ\FKLQLHSU]HNXSQ\FK0RĪHQDV]DSRWĊJDF]\QLQDQLFKWDNLHZUDĪHQLHĪH
JG\GRMGąGRZáDG]\]HFKFąF]HJRĞRGQDVLVNáRQQLEĊGąGDüFRĞZ]DPLDQ=SXQNWX
ZLG]HQLDUHJXáNODV\F]QHMG\SORPDFMLLSROLW\NL]DJUDQLF]QHMREDUR]XPRZDQLDVąSUDZL-
GáRZH$OHZNUDMDFKNRPXQLVW\F]Q\FKLFKUHDOL]DFMD]PLHQLDVLĊZIDUVĊ:=655SUD-
ZLHQLNWSR]DVSHFMDOQLHGHV\JQRZDQ\PLGRWHJROXGĨPLQLHUR]PDZLD]$PHU\NDQDPL
:(XURSLHZVFKRGQLHMUR]PDZLDMą]QLPLZV]\VF\:LHOXUR]PDZLDV]F]HU]HDOHUyZQLH
ZLHOXUR]PDZLD]SR]\FMLZáDVQHJRXG]LDáXZQLHNRĔF]ąFHMVLĊPDVNDUDG]LHVHUZLOL]PX
L VSU]HGDMQRĞFL ZLHOX MHVW W\ONR V]WXF]QLH XPDNLMRZDQ\FK QD NRQIOLNW VXPLHĔ HSRNL
QDUHZL]MRQL]PQRQNRQIRUPL]PNRPXQL]PW]ZQDURGRZ\6SRáHF]HĔVWZRMHVWGREU]H
]RULHQWRZDQH NWR MHVW NWR DOH $PHU\NDQLH QLH QLF ZLĊF G]LZQHJR ĪH VNáRQQL Vą GR
EUDQLD]DQRQNRQIRUPL]PLVSU]HFLZFRĞFRMHVWW\ONRFK\WUąNRPELQDFMą$PHU\NDĔVND
REVHVMD W\PL NWyU]\ PDMą ZSá\Z\ F]\QL $PHU\NDQyZ MHV]F]H EDUG]LHM EH]EURQQ\PL
ERZLHPWUXGQRLPZ\WáXPDF]\üĪHVNRURZSá\ZPD]XSHáQLHLQQ\VHQVZNRPXQL]PLH
QLĪ Z $PHU\FH L FL NWyU]\ Z\GDMą VLĊ $PHU\NDQRP ZSá\ZRZL Vą QDMF]ĊĞFLHM ]Z\Ná\-
PLV]DOELHU]DPLFL]DĞNWyU]\SR]RUQLHQLFQLH]QDF]ąOLF]ąVLĊVWRNURüZLĊFHM0DáR
NWRZNRPXQLVW\F]QHM(XURSLHZVFKRGQLHMZLHU]\MHV]F]HZNRPXQL]P²SR]DVDP\P
ZLHU]FKRáNLHPZáDG]\NWyU\QLJG\VLĊ]$PHU\NDQDPLQLHEĊG]LHZGDZDáZQLHRILFMDOQH
VWRVXQNL²DOHPQyVWZROXG]LZNRPXQL]PLHĪ\MH]WHJRĪHXGDMHĪHZLHU]\'ODW\FK
OXG]LDPHU\NDĔVNLHVW\SHQGLXPF]\Z\MD]GGR$PHU\NLMHVWVXUUHDOLVW\F]QąQDJURGą]D
FDáRĪ\FLRZąZDONĊ]$PHU\NąLMHMLGHDáDPLDOERZLHP$PHU\NDQLHXZLHG]HQLQDMF]Ċ-
ĞFLHMVZRERGąLFKNRQZHUVDFMLZLHU]ąQDLZQLHZLFKSVHXGRSU]HáRP\LSVHXGRPDNLDZH-
OL]P\&]RáRZ\G]LHQQLNDU]NRPXQLVW\F]Q\ZUR]PRZLH]DPEDVDGRUHPDPHU\NDĔVNLP
QLH]RVWDZLDQDNRPXQL]PLHLQDVZRLFKPRFRGDZFDFKVXFKHMQLWNL3RF]\PLG]LHGR
UHGDNFMLLSLV]HDUW\NXáRGVąG]DMąF\$PHU\NĊRGF]FLLZLDU\MDNRQLH]áRPQ\DSRORJHWD
NáDPVWZ]NWyU\FKQDĞPLHZDáVLĊV]\GHUF]RJRG]LQĊWHPX$SU]\SRQRZQ\PVSRWNDQLX
]DPEDVDGRUHPGDMHPXG\VNUHWQLHGR]UR]XPLHQLDĪHRQPXVLĪHMHVWZV]SRQDFK
WHUURUXDOHPLPRWRDPEDVDGRUQLHSRZLQLHQVLĊ]UDĪDüOHF]SRZLQLHQZLHU]\üĪHJG\
QDGHMG]LHRGSRZLHGQLF]DVWRWHQĪHG]LHQQLNDU]RGHJUDRGSRZLHGQLąUROĊSU]\NV]WDá-
WRZDQLXQRZ\FKVWRVXQNyZ]$PHU\NDQDPL:]DPLDQ]DWRDPEDVDGRULMHJRZVSyá-
SUDFRZQLF\RUJDQL]XMHG]LHQQLNDU]RZLOXNVXVRZ\SRGUyĪGR$PHU\NLJG]LHG]LHQQLNDU]
² RV]F]ĊG]DMąF ]DFLHNOH QD GLHWDFK G]LHQQ\FK ² ]DNXSXMH VRELH QRZH EXW\ L QRZH
XEUDQLDNWyUH]DSHZQLąPXZGRPXRSLQLĊGDQG\VDQDGáXJLHODWDDWDNĪHĞZLDGF]\ü
EĊGąRMHJR]QDNRPLW\FKVWRVXQNDFK]$PHU\NDQDPLFRSRPRĪHPXZRF]DFKMHJRUR-
GDNyZNWyU]\PRĪHVRELHSRP\ĞOąĪHQLHMHVWRQWDNL]á\VNRUR$PHU\NDQLHJRJRV]F]ą
LSRZDĪDMą2F]\PDPEDVDGRULMHJROXG]LHQDMF]ĊĞFLHMQLHZLHG]ąWRWRĪHF\QLF]QR±
GUZLąF\Eá\VNRWOLZ\G]LHQQLNDU]QLH]QDF]\QLFMHJRSR]\FMDMHVWZ\áąF]QLHSR]RUHP
LEOLFKWUHPDVXJHUXMąFDPEDVDGRURZLĪHFRĞPRĪHĪHSURZDG]LMDNąĞJUĊĪHZDUWR
MHVW]QLPJUDü²SRSURVW\NáDPLH
2VWDWQLHODWZ\SURGXNRZDáRZ(XURSLHZVFKRGQLHMNDVWĊEH]Z]JOĊGQ\FKLRNUXW-
Q\FKDUU\ZLVWyZNRPXQLVW\F]Q\FKSU]HEUDQ\FKZHZáRVNLHEXW\IUDQFXVNLHNRáQLHU]\NL
LDQJLHOVNLHWZHHG\,FKU\QV]WXQHNERMRZ\GRSURSDJRZDQLDNáDPVWZLXSUDZLDQLDSR-
OLW\F]Q\FKDIHUXOHJáSRGREQHPXNDPXIODĪRZL=DFKyGJáyZQLH$PHU\NDQLHXSDWUXMH
DTP by SHADE 120
ZQLFKDZDQJDUGĊSRVWĊSXZLG]LZQLFKOHSV]\FKHZROXXMąF\FKNXOHSV]\PIRUPRP
L XSUDJQLRQ\P SU]H] =DFKyG UHIRUPRP SU]HGVWDZLFLHOL ZáDG]\ : LVWRFLH Vą RQL W\ONR
JURĨQLHMV]\P ZFLHOHQLHP WHM VDPHM WRWDOLVW\F]QHM ]DVDG\ ZLG]HQLD ĞZLDWD L U]ąG]HQLD
ĞZLDWHP 8VLáXMą SLOQLH Z\SUDFRZDü QRZH QLHEH]SLHF]QLHMV]H IRUP\ L ]PRG\ILNRZDü
WUHĞFLGODSRGWU]\PDQLDFK\OąFHMVLĊNXXSDGNRZLGRNWU\Q\,FKFHOHPMHVWXOHSV]HQLH
IXQNFMRQRZDQLDPHFKDQL]PXOHF]QLH]PLDQDMHJRNLHUXQNXG]LDáDQLD²PDRQQDGDO
G]LDáDü SU]HFLZ F]áRZLHNRZL SUDZG]LH L ZROQRĞFL W\ONR Z PQLHM EUXWDOQ\ VSRVyE ,FK
SRMDZLHQLH VLĊ $PHU\NDQLH SRZLWDOL MDNR R]QDNĊ ]PLDQ\ QD OHSV]H ]DPLDVW ]ZDOF]Dü
LFKIURQWDOQLHLSHáQ\PUR]SR]QDQLHPLVWRW\]MDZLVND$PHU\NDQLHSRVWDQRZLOLLFKNXSLü
2ĞPLHV]\áRWR$PHU\NDQyZZRF]DFKZV]\VWNLFK]DUyZQRW\FKNWyU\FKXVLáRZDOLNXSLü
MDNLW\FKNWyU]\LFKGRWąGNRFKDOL8ZLHOELHQLHGODFLHPLĊĪ\FLHOLNDQDOLLLRSRUWXQLVWyZ
MDNLHGHPRQVWURZDOL$PHU\NDQLHQDNDĪG\PNURNXPXVLDáRVLĊZNRĔFXZ\GDüOXG]LRP
XF]FLZ\PREMDZHPSRJDUG\GODQLFKVDP\FK7UXGQRMHVWF]áRZLHNRZLXF]FLZHPXSR-
]E\ü VLĊ XF]XFLD UR]JRU\F]HQLD JG\ ZLG]L VZ\FK SU]HĞODGRZFyZ V]DQRZDQ\FK L QD-
JUDG]DQ\FK SU]H] W\FK NWyU]\ Vą MHJR RELHNW\ZQ\PL VSU]\PLHU]HĔFDPL SRMDZLD VLĊ
S\WDQLHF]\ZDUWRXSLHUDüVLĊSU]\MDNLFKĞZDUWRĞFLDFKPRUDOQ\FKJG\QDJURGĊZVNDOL
VSRáHF]QHMRWU]\PXMHWHQNWRMHJZDáFLáLJZDáFLQDGDOW\ONRZVSRVyEEDUG]LHMVNRP-
SOLNRZDQ\LSU]HP\ĞOQ\:RVWDWHF]Q\PUR]UDFKXQNX$PHU\NDQLHMDNE\PyZLOLOXG]LRP
ZNRPXQL]PLHÄ&KFHP\UR]PDZLDü]QDV]\PLZURJDPL&KFHP\VLĊ]QLPLSRUR]XPLHü
:V]\VWNR ZVND]XMH QD WR EXW\ QRZH QRPHQNODWXU\ Z\FLHF]NL ]DJUDQLF]QH WZHHG\
LWG ĪHFKFąRQLDE\OXG]LRPE\áROHSLHM7RQDPZ\VWDUF]\,Ī\MP\P\ZZROQRĞFLZ\
ZXOHSV]RQ\PVWUDZQ\PNRPXQL]PLH
7DN ZLĊF $PHU\NDQLH ]DSRPLQDMą EáRJR R W\P ĪH NRPXQL]P PD VZą HVFKDWROR-
JLĊ6SyURĞZLDWQLHVNRĔF]\VLĊSU]H]]H]ZROHQLHQD+HPLQJZD\DPLQL±VNLUWLURFN
PXVLF.DULHURZLF]HSU]\FKRG]ąLRGFKRG]ąRGFK\OHQLDSU]HPLMDMąSU]HPLQąáWURFNL]P
L QDURGRZ\ NRPXQL]P VFKL]P\ L RGVWĊSVWZD SR]RVWDMH NRPXQL]P L MHJR LQWHJUDOQL
ZURJRZLH,FLVLĊQLH]PLHQLDMą6ąQDMWUZDOV]ąRSRNąELHUQHJRRSRUX²F]\OLMHG\QHM
VLá\]PXV]DMąFHMNRPXQL]P´GRXVWĊSVWZ)OLUWXMąF]ZURJDPLZURJyZNRPXQL]PX$PH-
U\NDQLHVąG]ąĪHXGDLPVLĊSRGWU]\PDüGREUHVWRVXQNL]W\PLRVWDWQLPLSRZRáXMąFVLĊ
QDVWĊFKáąSDSNĊGDZQRQLHZDĪQ\FKKDVHáĪH3RODF\VąZLHUQ\PLNDWROLNDPLLPLáXMą
ZROQRĞüĪH:ĊJU]\VąQDURGHP.RVVXWKDL3HW|ILHJRĪH&]HVLVąV]F]HU\PLGHPRNUD-
WDPL7\PF]DVHP&]HVL3RODF\:ĊJU]\WRF]ąZDONĊ]HZVSyáF]HVQ\PNRPXQL]PHP
ZNWyUHMZV]HONLHGHNODPDFMHQDWHPDWXáDQyZQDURGRZHJRKRQRUXLRG]LHG]LF]RQ\FK
WUDG\FMLEU]PLąMDNV]F]HELRWQLHGRUR]ZLQLĊWHJR-HVWWRZDONDNWyUHM]áRĪRQRĞFLLJáĊEL
QLFUR]XPLHĞZLDWVSR]DNRPXQL]PXRNWyUHMQLNWQLF]HJR]DGREU]HQLHZLHZVDP\P
NRPXQL]PLH NWyUD VWDQRZL ]MDZLVNR QRZH L PDáR ]EDGDQH :LH VLĊ W\ONR R W\P ĪH
RJURPQHPDV\OXG]NLHVąZQLą]DDQJDĪRZDQHLĪHPDV\WHQLHQDZLG]ąNRPXQL]PX
$PHU\NDQLHSU]HWUZRQLOL]DSDVPLáRĞFLGRVLHELHVDP\FK]RNUHVXVWDOLQRZVNLHJR
QLHSRWUDILOL]DĞQDZLą]DüDQLNRQWDNWXDQLGLDORJX]QRZ\PLIHQRPHQDPLDQW\NRPXQL-
]PXZáRQLHVSRáHF]HĔVWZU]ąG]RQ\FKSU]H]NRPXQLVWyZ]W\PLZV]\VWNLPWDPNWyU]\
VąDQW\NRPXQLVWDPLDOHQLFQLHPDMąZVSyOQHJR]WUDG\FMDPLNDZDOHULLLERKDWHUVWZD
] SU]HV]áRĞFL =DFKRG]L S\WDQLH F]\ RZD IDOD DQW\NRPXQL]PX RVWDWQLHJR U]XWX MHVW
DGHNZDWQD]SURDPHU\NDQL]PHP"2GSRZLHGĨWDQLHMHVWWUXGQD²RVWDWQLHG]LHVLĊüODW
SRURQLRQ\FKPDQHZUyZL]Z\Ná\FKSDUWDFWZRSLVDQ\FKSRZ\ĪHMVSUDZLá\ĪHDXWRU\WHW
$PHU\NLXSDGáZW\FKNUDMDFK2PLáRĞFLMDN]DF]DVyZZRMQ\NRUHDĔVNLHMQLHPRĪH
E\üPRZ\0RĪQDSRZLHG]LHüZ\UDĨQLH$PHU\NLVLĊWDPQLHOXEL6]HURNLHPDV\QLHQD-
ZLG]ąF\FKNRPXQL]PXSUDJQąRGZHWyZUHZDQĪyZSRGUyĪQ\PLSRVWDFLDPLLSR]RUDPL
3UDJQą DE\ $PHU\NDQLH SRVWĊSRZDOL WDN MDN ]QLHQDZLG]HQL NRPXQLĞFL L 5RVMDQLH E\
QDJUDG]DOLZDORULFQRWĊLNDUDOL]áRLRSRUWXQL]P3UDJQąPLHüXF]XFLHĪHNWRĞ]DQLPL
VWRLWDNMDN5RVMDQLHVWRMą]DNRPXQLVWDPLZNUDMDFKNDSLWDOLVW\F]Q\FK-HĞOLQLHPRĪH
E\üRGZHWXEH]SRĞUHGQLHJRSRGSRVWDFLąNUXFMDW\QLHFKEĊGąQLHVNRĔF]RQHLORĞFLPD-
á\FKRGZHWyZSRĞUHGQLFKZVSRUFLHLZRE\F]DMDFKZRND]\ZDQLXSRJDUG\GODOXG]L
NWyU]\QDQLą]DVáXJXMą7\PF]DVHP$PHU\NDQLHURELąFRĞZUĊF]SU]HFLZQHJRWUDNWXMą
DTP by SHADE 121
5RVMDQMDNUyZQ\FKZVSRUFLHPLPRĪHZV]\VF\ZLHG]ąLĪ5RVMDQLHV]DFKUXMą=DSUD-
V]DMąGRVLHELHLKRQRUXMąSRHWyZRNWyU\FKZV]\VF\ZLHG]ąĪHVąVSU]HGDZF]\NDPL
LSRVáXV]Q\PLVáXĪDOFDPLNRPXQLVW\F]Q\FKUHĪ\PyZ
$PHU\NDQyZUDWXMH$PHU\ND7RFR]HSVXOLZ(XURSLHZVFKRGQLHMZáDVQąQLHXGRO-
QRĞFLąQDSUDZLRQH]RVWDMHW\PFRG]LHMHVLĊZ$PHU\FH&LNWyU]\QLHQDZLG]ąNRPX-
QL]PXLQLHOXELą$PHU\NL]DSDWU]HQLVąMHGQDNZ$PHU\NĊMDNRZRELHNW\ZQ\LGHDá
:LHOELąMą]DWRFRVLĊZQLHMG]LHMHFRURELRQDXVLHELH7RNDĪHLPPDU]\üRDPH-
U\NDĔVNLHM RNXSDFML ² ZLHU]ą RQL QLH]áRPQLH ĪH Z NUDMX SU]H] VLHELH RNXSRZDQ\P
$PHU\NDQLH]DLQVWDORZDOLE\WHQVDPURG]DMZROQRĞFLMDNLSDQXMHZ$PHU\FHWĊVDPą
ORJLNĊLHIHNW\ZQRĞüĪ\FLDVSRáHF]QHJRNWyUHF]\QLą]$PHU\NLNUDMPRĪOLZRĞFLUR]ZRMX
GODNDĪGHJR'ODRJURPQ\FKPDVZNRPXQL]PLH$PHU\NDVWDQRZLQLHGRĞFLJá\Z]RU]HF
SROLW\F]Q\LHNRQRPLF]Q\V\PEROVáXV]QLHL]SRĪ\WNLHPSU]HĪ\ZDQHJRĪ\FLD$OHL]Wą
SURDPHU\NDĔVNRĞFLą$PHU\NDQLHQLHXPLHOLVLĊSRUR]XPLHü1LHXPLHOL]QDOHĨüZáDĞFL-
ZHMGURJLGRWHJRMDNEH]NRPSURPLVRZR]UĊF]QLHVNXWHF]QLHLZ\GDMQLHSRSU]HüSUDZ-
G]LZ\FKZURJyZNRPXQL]PXW\FKNWyU]\QDWRQDMEDUG]LHM]DVáXJXMą
0LPRW\FKQLHGRáĊVWZLEáĊGyZZV]\VWNRMHGQDNZVND]XMHQDWRĪHQLHZLHOXĪRáQLH-
U]\ZVFKRGQLRHXURSHMVNLFKEĊG]LHZDOF]\áRSU]HFLZ$PHU\NDQRPJG\E\NLHG\NROZLHN
]GDU]\áDVLĊWDNSRQXUDU]HF]MDNZRMQDPLĊG]\GZRPDĞZLDWDPL
.
&RWRMHVWVáRZR
.
6áRZRZNRPXQL]PLHZVIHU]HSXEOLF]QHMVáXĪ\SU]HGHZV]\VWNLPXNU\ZDQLXSUDZ-
G\ QDVWĊSQLH GR SRUR]XPLHZDQLD VLĊ OXG]L PLĊG]\ VREą : VIHU]H SU\ZDWQHM VáXĪ\
ZUyZQHMPLHU]HSRUR]XPLHZDQLXVLĊMDNLXNU\ZDQLXP\ĞOL
*G\JáRZDSDĔVWZDNRPXQLVW\F]QHJRSU]HPDZLDMHJRSRGGDQLZLHG]ĊGRVNRQDOH
MDNEDUG]RNáDPLH:LHG]ĊUyZQLHĪĪHNáDPVWZRSRVXQLĊWHWDNGDOHNRPLPRSR]RUyZ
LGLRW\]PXPDVZRMDNRQNUHWQDIXQNFMĊSROLW\F]Qą:LHG]ąWHĪĪHSUDVDUDGLRLWHOH-
ZL]MDXPRFQLMHV]F]HQD]DMXWU]NáDPVWZRZNáDPVWZLHLQRQVHQVZQRQVHQVLH:LHG]ą
]UHV]WąĪHZSHZLHQF]DVSyĨQLHMQDVWąSLJUXQWRZQHGHPHQWLRJáDV]DQ\FKQLH]áRPQLH
QLH]DFKZLDQ\FKWZLHUG]HĔQLHNWyUH]DĞ]QLFK]RVWDQąVXURZRSRWĊSLRQHLQDSLĊWQRZD-
QHMDNRNáDPVWZDLQRQVHQV\1DRGZRáDQLHLSRWĊSLHQLHWU]HEDW\ONRXPLHüF]HNDü-DN
GáXJR"&]DVHPQDZHWZLHOHODWOHF]SRMDNLPĞF]DVLHPRĪQDE\ü]XSHáQLHSHZQ\PĪH
RQRQDVWąSL
.áDPVWZR Z NRPXQL]PLH MHVW ]DZV]H PRQVWUXDOQH Z]EXG]DMąFH UR]EDZLHQLH
ZF]áRZLHNX=DFKRGX:\UDĪDRQRMHGQDNVXPLHQQLHSU]HP\ĞODQ\LQVWUXPHQWDOL]PSR-
OLW\F]Q\-HĞOLNRPXQLVW\F]Q\G]LHQQLNDU]QDSLV]HLĪZ$PHU\FHMHVLĊG]LHFLQDĞQLDGD-
QLHWRRW\PĪHWDNQLHMHVWQDSHZQRZLHW\ONRMHJRPRFRGDZFDLQDG]RUFDRQVDP
LMHV]F]HNLONDW\VLĊF\OXG]LNWyU]\E\OLZ$PHU\FH&DáDRJURPQDPDVDF]\WHOQLNyZZLH
UyZQLHĪĪHWRE]GXUDDOHQLHZLHRW\PQDSHZQRLQLHPRĪHRSU]HüVLĊRĪDGQHDX-
WRU\WHW\ERZLHPQDZHWOLVWGRUHGDNFMLZWHMVSUDZLHSRGDMąF\QLHĞPLDáRZZąWSOLZRĞü
WĊLQIRUPDFMĊQLH]RVWDQLHQLJG\Z\GUXNRZDQ\$SRZLHOXODWDFKFRG]LHQQHJRF]\WDQLD
ZJD]HFLHRDPHU\NDĔVNLFKĞQLDGDQLDFK]QLHPRZOąWF]áRZLHNZNWyUHJRQDWXU]HOHĪ\
VNáRQQRĞüGRZDKDQLDPyZLVRELHÄ&RĞPXVLE\üQDU]HF]\2VWDWHF]QLH²FRPRĪQD
ZLHG]LHü"3LV]ąRW\PLSLV]ąFRĞPXVLZW\PE\ü´,RWRW\ONRNRPXQLVWRPFKRG]L
-HVWWRLFKMHG\QDV]DQVDZVSRáHF]HĔVWZDFKJG]LHSDQXMHSRZV]HFKQHSU]HNRQDQLHĪH
ZV]\VWNR²DOHWRDEVROXWQLHZV]\VWNR²FRZ\GUXNRZDQHZNRPXQLVW\F]QHMJD]HFLH
MHVWNáDPVWZHP2F]\ZLĞFLHSU]HNRQDQLHWRMHVWQLHVáXV]QHL]GDU]DVLĊĪHLQIRUPDFMD
RW\PĪHZNLQLHÄ&KZDáD5HZROXFML´LG]LHILOPSWÄ-XWU]HQNDNRPXQL]PX´RGSRZLD-
GDSUDZG]LH6áDERĞFLąWHMSUDV\MHVWWRMHGQDNĪHQDMF]ĊĞFLHMLWDZLDGRPRĞüRND]XMH
VLĊQLHSUDZG]LZD.LQRDOERQLH]RVWDáRMHV]F]HZ\NRĔF]RQHDF]NROZLHNZHGáXJSODQX
RGGDQHPLDáRE\üGRXĪ\WNXZ]HV]á\PURNXDOERILOPQD]\ZDVLĊÄ=PLHU]FKNDSLWDOL-
]PX´RF]\PG\UHNFMDNLQDVąG]ąFVáXV]QLHĪHW\WXáMHVWEH]ZLĊNV]HJR]QDF]HQLDQLH
SRGDáDGRSUDV\RGSU]HV]áRPLHVLąFD7UXGQRMHVWVSUDZG]LüWDNĪHLOHW\VLĊF\$UDEyZ
DTP by SHADE 122
Z\PRUGRZDOL ZF]RUDM SR SRáXGQLX L]UDHOVF\ LPSHULDOLĞFL DOH QLHWUXGQR MHVW RGQDOHĨü
Z G]LHáDFK ]ELRURZ\FK /HQLQD Vá\QQH ]GDQLH ĪH ]DGDQLHP SUDV\ QLH MHVW E\QDMPQLHM
LQIRUPRZDQLH PDV OHF] NV]WDáWRZDQLH LFK ĞZLDGRPRĞFL L ĪH FHOHP QDMZ\ĪV]\P VáRZD
GUXNRZDQHJRZJD]HFLHMHVWWUDQVPLVMDG\UHNW\ZSDUWLLGRPDV.RPXQLĞFLSRZLQQLE\ü
ZMDNLĞVSRVyEGXPQLĪHZU]ąG]RQ\FKSU]H]QLFKVSRáHF]HĔVWZDFKZLDUDZVáRZD/H-
QLQD]DNRU]HQLRQDMHVWJáĊERNRLWUZDOH
2VWDWHF]QDNRUXSFMDVáRZDZNRPXQL]PLH]DF]ĊáDVLĊGDZQRZUD]]/HQLQHPQDM-
ZLĊNV]\PGHSUDZDWRUHPVHPDQW\NLZG]LHMDFKOXG]NRĞFL2VLąJQĊáDRQDV]F]\W\F\-
QL]PX]D6WDOLQDJG\]GDQLHÄZDOND]µGLDOHNW\F]QLHIDáV]\Z\PSRJOąGHP´R]QDF]DáD
VND]DQLHNLONXG]LHVLĊFLXW\VLĊF\OXG]LQDGRĪ\ZRWQLREy]NRQFHQWUDF\MQ\DÄNRUHNWXUD
KLVWRU\F]QHJREáĊGX´Z\PRUGRZDQLHZGURG]HHJ]HNXFMLQDVWĊSQ\FKNLONXG]LHVLĊFLXW\-
VLĊF\Ä2GUDELDQLHKLVWRU\F]Q\FK]DOHJáRĞFL´R]QDF]DáRZLHOROHWQLH NROHMNL]DFKOHEHP
DÄSRNyM]Z\FLĊĪ\ZRMQĊ´²NRPXQLVW\F]QHF]RáJLWUDWXMąFHSRáXGQLRZą.RUHĊ7\EHW
L&]HFKRVáRZDFMĊ=Z\URGQLHQLHVáRZDMDNRV\PEROXSRMĊFLD]RVWDáRMXĪEH]EáĊGQLHRG-
QRWRZDQHSU]H]2UZHOODLQWHUHVXMąFDMHVWZV]DNĪHQRQV]DODQFNDVZRERGDZSU]HLQD-
F]DQLX]HVSRáyZSRMĊü.DĪGDSRGZ\ĪNDFHQĪ\ZQRĞFLZNUDMDFKNRPXQLVW\F]Q\FKSR-
GDZDQD MHVW Z JD]HWDFK SRG ZLHONLPL W\WXáDPL Ä(SRNRZH ]Z\FLĊVWZR OXG]L SUDF\´
RERN]DĞÄ2EQLĪNDFHQQDV]\Q\WUDPZDMRZHZLQG\LORNRPRW\Z\´DGDOHMPQLHMV]\-
PLOLWHUDPLÄ3U]HMĞFLRZDSRGZ\ĪNDFHQQDPDVáRLPLĊVR´6]DUHPXF]áRZLHNRZLWUXGQR
MHVWVLĊFLHV]\ü]SRWDQLHQLDZLQGQLNWERZLHPVRELHQLHNXSXMHFRG]LHQQLHDQLZLQG\
DQL ORNRPRW\Z\ D MHV]F]H WUXGQLHM MHVW XJU\Ĩü V]\QĊ QD ĞQLDGDQLH :LH RQ WDNĪH ĪH
SU]\PLRWQLN SU]HMĞFLRZD MHVW EH] ]QDF]HQLD ERZLHP RG F]DVX SLHUZV]HM SU]HFKDG]NL
/HQLQD SR .UHPOX QLF ] Ī\ZQRĞFL QLJG\ Z LPSHULXP NRPXQLVW\F]Q\P QLH SRWDQLDáR
DZV]\VWNR]DZV]HV]áRZJyUĊ/HF]V]DU\F]áRZLHNPRĪHVRELHSRP\ĞOHü]ZáDV]F]D
MHĞOLQLHREFHPXVąSUDZDHNRQRPLLĪHREQLĪNDFHQV]\QPRĪHZSá\QąüQDREQLĪNĊ
ELOHWyZZWUDPZDMX:NUyWFHRND]XMHVLĊĪHFHQ\ELOHWyZWUDPZDMRZ\FK]DOHĪąRGFHQ
PDVáDLLGąZJyUĊQDWRPLDVWSRWDQLHQLHORNRPRW\ZZSá\ZDZLGRF]QLHQDFHQĊELOHWyZ
GR NLQD NWyUH XOHJDMą OHNNLHM REQLĪFH $OH Z NLQLH SDQXMH VáRZR OLWHUDWXUD DJLWDFMD
ZNLQLHF]áRZLHNGRZLDGXMHVLĊRLOHOHSLHMĪ\MHPXVLĊ]NDĪG\PGQLHPLNXMDNZVSD-
QLDáHMSU]\V]áRĞFL]PLHU]D²LWHQF\NOORJLF]Q\XZLNáDQ\ZHZáDVQąLGLRV\QNUD]MĊQLH
PDNRĔFD
:\ERU\ZNWyU\FKRJURPQDQLHQD]ZDQDLQLJG\QLHRNUHĞORQDZLĊNV]RĞüOXG]LMHVW
SU]HFLZ U]ąGRZL L XVWURMRZL QD]DMXWU] Z JD]HWDFK ZLGQLHMą MDNR  JáRVXMąF\FK
]D U]ąGHP L XVWURMHP VWąG MHĞOL UD] NRPXQLĞFL SRGDOL ĪH JáRVRZDáR ]D QLPL Z 3RO-
VFH²FDáD3ROVNDV]DODáD]UDGRĞFLĪHNRPXQLĞFLSU]HJUDOLZ\ERU\6RZLHFNLH
OLQLHORWQLF]HREVáXJXMąFHWDNĪHĞZLDW]DFKRGQLSRGDá\NLHG\Ğ]GXPąLQIRUPDFMĊĪH
NDĪG\ LFK SLORW SU]HFKRG]L EDGDQLH OHNDUVNLH SU]HG ORWHP =DG]LZLDMąF\ VSORW SUDZG\
]QLHSUDZGąZLąĪHVLĊZWĊZLDGRPRĞü6RZLHFF\SLORFLLVWRWQLHVWDMąSU]HGOHNDU]HP
SU]HG NDĪG\P ORWHP DOH Z FHOX VSUDZG]HQLD F]\ NUHZ LFK QLH ]DZLHUD ]E\W REILWHM
LORĞFLDONRKROX:V]\VWNRVLĊ]DWHP]JDG]DMHVWWURVNDREH]SLHF]HĔVWZRSDVDĪHUyZ
MHVWEDGDQLHMHVWOXG]NLVWRVXQHNGRSLORWD:REUD]LHFDáRĞFLEUDNW\ONRZyGNLRZHJR
SV\FKRIL]\F]QHJRF]\QQLNDRSRVPDNXPRUDOQ\P
1DVWUDĪ\VáRZDXZLĊ]LRQHJRRNDOHF]RQHJRLSRKDĔELRQHJRVWRLLQVW\WXFMD]ZDQD
FHQ]XUą/XG]LHVSR]DNRPXQL]PXZ\REUDĪDMąMąVRELHMDNRXU]ąGG]LDáDMąF\Z\áąF]QLH
Z RSDUFLX R XVWDORQH V]W\ZQR ]DVDG\ ]JRGQLH ] ELXURNUDW\F]Q\P PHFKDQL]PHP QD-
ND]yZ]HVWURQ\NLHURZQLFWZDSDUWLLLU]ąGX&RSUDZGDLVWQLHMHXU]ąG]ZDQ\XU]ĊGHP
FHQ]XU\MHVWRQMHGQDNW\ONRF]áRQHPSURFHVXNWyU\GRNRQXMHVLĊQLHXVWDMąFRZĞZLD-
GRPRĞFL OXG]L ]ZLą]DQ\FK ] SURGXNFMą L UR]SU]HVWU]HQLDQLHP VáRZD Z NRPXQL]PLH
:LVWRFLHDNWRFHQ]XURZDQLDP\ĞOLLVáyZ]JRGQLH]Z\PRJDPLSROLW\NLLSURSDJDQG\]D-
F]\QDVLĊQDELXUNXUHGDNWRUDJD]HW\F]\Z\GDZQLFWZD$UW\NXáF]\NVLąĪNDSRGGDQHVą
VNUXSXODWQHPXZJOąGRZLLFRĞ]RVWDMH]QLFKZ\FLĊWHDFRĞGRGDQHDXWRU]DĞDOERMHVW
ZRJyOHQLHS\WDQ\R]JRGĊQD]PLDQ\DOERPDGRZ\ERUX]UH]\JQRZDQLH]DUW\NXáXOXE
NVLąĪNLZRJyOH-HĞOLNVLąĪNDF]\DUW\NXáEĊGąQLHVND]LWHOQH]SXQNWXZLG]HQLDF]\VWRĞFL
DTP by SHADE 123
LGHMZQLFK]DZDUW\FKFRĞ]DZV]H]RVWDQLHGRGDQHOXEXMĊWHDOERZLHPUHGDNWRUREDZLD
VLĊĪHZ\ĪV]DLQVWDQFMDW\PUD]HPSDUW\MQDX]QDEUDNLQJHUHQFML]DGRZyGDSDWLLQLH-
GEDOVWZDOXEJáXSRW\FRPRĪHQDGZHUĊĪ\üSR]\FMĊUHGDNWRUDLMHJRSHQVMĊ6WąGMHĞOL
EH]JUDQLF]QLHRGGDQ\SLVDU]F]\G]LHQQLNDU]QDSLVDáĪHNRPXQL]PMHVWQDG]LHMąOXGyZ
UHGDNWRUGRGDĪHMHVWQDG]LHMąLPLáRĞFLąOXGyZ²RLOHQDSUDZGĊGEDRVZRMąSRVDGĊ
.RQWUROHU ] UDPLHQLD SDUWLL F]\WDMąF\ WHQ VDP WHNVW GRGD FKRüE\ GZD SU]\PLRWQLNL
SURPLHQQDGRQDG]LHLLJRUąFDGRPLáRĞFLDOERZLHPLRQPD]ZLHU]FKQLNyZRGNWyU\FK
]DOHĪ\ MHJR RSLQLD F]XMQHJR L QLH]DZRGQHJR NRQWUROHUD RG NWyUHM ] NROHL ]DOHĪ\ MHJR
GDOV]D NDULHUD :UHV]FLH WHNVW LG]LH GR XU]ĊGX FHQ]XU\ EH] NWyUHM VWHPSOD QLF Z NR-
PXQL]PLHQLHPRĪHE\üZ\GUXNRZDQHQDZHWZL]\WyZND]DZLHUDMąFDW\ONRF]\MHĞLPLĊ
LQD]ZLVNR8U]ĊGQLNFHQ]XU\QLHPDSUDZDQLF]HJRGRGDüGRWHNVWXLU]DGNRNLHG\VDP
FRĞ XVXZD DOH SR SU]HF]\WDQLX F\WRZDQHJR ]GDQLD QDMSUDZGRSRGREQLHM ]DWHOHIRQXMH
GRUHGDNWRUDEąGĨNRQWUROHUDLSRZLHÄ6áXFKDMFLHWRZDU]\V]XQDPQLHEDUG]RSRGRED
VLĊVáRZRQDG]LHMD2]QDF]DRQRMDNLHĞRGZOHNDQLHQDSU]\V]áRĞüXF]XüNWyUHVąMXĪ
WHUD]LSRZLQQ\E\ü]ZáDĞFLZąVWDQRZF]RĞFLąSRGNUHĞODQH]ZáDV]F]DZGRELHRIHQV\Z\
LGHRORJLF]QHMUHDNFML«´3RQLHZDĪRIHQV\ZDUHDNFMLWUZDRGSRF]ąWNXNRPXQL]PXLQLJG\
VLĊQLHVNRĔF]\DXU]ĊGQLNFHQ]XU\WHĪSLOQXMHVZHMSRVDG\ZLĊFWHNVWZUDFDQDELXUNR
SLVDU]DF]\G]LHQQLNDU]DNWyUHJR]DGDQLHPEĊG]LHZ\UD]LüVLĊZáDĞFLZLHM
:ĊGURZLHFMHĞOLSU]\SDGNLHPWUDILDGRVWROLF\NRPXQLVW\F]QHMZGQLXMDNLHJRĞĞZLĊ-
WD SDĔVWZRZHJR ZLG]L QD XOLFDFK WáXP\ Z UDGRVQ\P SRFKRG]LH Z]QRV]ąFH HQWX]MD-
VW\F]QHRNU]\NLQDF]HĞüNRPXQL]PXLMHJRSU]\ZyGFyZ5]DGNRNLHG\NRMDU]\RQWHQ
HQWX]MD]P]V]\GHUVWZHPLQDMF]ĊĞFLHMQLHXPLHGRVWU]HFSRGSRZáRNąSRNODVNXUR]-
SDF]OLZHMGUZLQ\6áRZDVąZW\PZ\SDGNXIXQNFMąPRGXODFMLLQDWĊĪHQLDJáRVyZQDELH-
UDMąRGFLHQLQLH]Z\Ná\FKGZX]QDF]QRĞFLZUDPDFKNWyU\FKRNU]\NÄ1LHFKĪ\MH´VWDMH
VLĊZ\UDĨQąREHOJąZXV]DFKWáXPX8PLHMĊWQRĞüV]\IURZDQLD]QDF]HĔMHG\QDREURQD
JQĊELRQ\FKQLHGDMHFXG]R]LHPFRZLĪDGQHMV]DQV\QD]UR]XPLHQLHFRWXVLĊZáDĞFLZLH
G]LHMH *G\ NWRĞ SU]HPDZLD XĪ\ZDMąF MDN QDMĞFLĞOHM RILFMDOQHJR ĪDUJRQX SDUW\MQHJR
FXG]R]LHPLHFVNáRQQ\MHVWVąG]LüĪHSU]HPDZLDMąF\MHVW]D7\PF]DVHPMHVWRQZáDĞQLH
SU]HFLZLMHJRVáXFKDF]HUR]XPLHMąJRGRVNRQDOH:LHG]ąRQLĪHSU]HPDZLDüSU]HFLZ
QLHPRĪQDLQLHZDUWRĪHJUR]L]DWRZLĊ]LHQLHDOERFRQDMPQLHMXWUDWDĞURGNyZGRĪ\FLD
2WZDUWH Z\VWąSLHQLH SU]HFLZ XZDĪDQH MHVW ]D U]HF] QLHSRZDĪQą ]D Z\JáXS ]D WDQLH
HIHNFLDUVWZREąGĨSURVWDFNąJDPRQLRZDWRĞü1DOHĪ\SU]HPDZLDüWDN]DDĪHE\NDĪG\
ZLHG]LDáĪHSU]HPDZLDMąF\SRWĊSLDZV]\VWNRRGDGR]LĪHRQZLHĪHRQLRW\PZLHG]ą
&XG]R]LHPLHFQDRJyáSDWU]\QDNRPXQL]P]SR]\FMLF]áRZLHNDNWyU\SRZV]\VWNLP
ZUyFLGRGRPXZREHFF]HJRSR]ZROLüVRELHPRĪHQDEH]VWURQQRĞü.RPXQLVWRPZáD-
ĞQLHQLHFKRG]LRQLFLQQHJRW\ONRRMHJREH]VWURQQRĞü²MHĞOLMHVWRQG]LHQQLNDU]HPG\-
SORPDWąLQWHOHNWXDOLVWąREVHUZDWRUHP=DZV]HVąZVWDQLHSRND]DüPXU]HF]\LIDNW\
QLH]SXQNWXZLG]HQLDMDNMHVWQDSUDZGĊOHF]MDNPRĪHSRZLQQRE\üOXEHZHQWXDOQLH
NLHG\Ğ EĊG]LH 7R EXG]L V\PSDWLĊ L XUXFKDPLD EH]VWURQQą SU]HQLNOLZRĞü FXG]R]LHPFD
ZWDNLZáDĞQLHVSRVyEMDNWHJRVRELHĪ\F]ąNRPXQLĞFL&XG]R]LHPLHF]UR]XPLHüZLĊFQLH
PRĪHGODF]HJRMHJREH]VWURQQRĞüLRELHNW\ZL]PZ]EXG]DMąW\OH]DFLĊWHJRRSRUXZĞUyG
QLHNRPXQLVWyZ Z NRPXQL]PLH 6WąG SU]\JQLDWDMąFD ZLĊNV]RĞü VSUDZR]GDĔ VWDPWąG
SLVDQ\FKQD=DFKRG]LHSU]H]EH]VWURQQ\FKL RELHNW\ZQ\FKREVHUZDWRUyZQDMF]ĊĞFLHM
OXG]LXF]FLZ\FKLLQWHOLJHQWQ\FKMHVWZRF]DFKOXG]LĪ\MąF\FKZNRPXQL]PLHSU\PLW\Z-
Q\PSURVWDFWZHP1DMF]ĊĞFLHMEXG]LZQLFKEH]VLOQą]áRĞüLSRJáĊELDXF]XFLDUR]SDF]OL-
ZHMEH]QDG]LHMQRĞFL
.
-DNXPU]Hü
.
1LNWQLJG]LHQDĞZLHFLHQLHPD]áXG]HĔFRGRVWDURĞFL:V]\VF\ZLHG]ąĪHVWDURĞü
WR EyO QLHXOHF]DOQ\ L ]DSRPQLHQLH L VPXWHN : GHPRNUDFMDFK KXPDQL]P ZVSyáF]HVQ\
QLHXVWDMąFRGU]HVHUFDZ\REUDĪHQLDPLQLHV]F]ĊVQHMSXVWHMVWDURĞFLZOLWHUDWXU]HLQD
HNUDQLH 3RQLHZDĪ Z VRFMDOL]PLH QLH PD PLHOFD QD EyO VPXWHN L QLHV]F]ĊĞFLH SU]HWR
DTP by SHADE 124
]JRGQLH]RILFMDOQ\PQDND]HPVWDURĞüPXVLWDPE\üV]F]ĊĞOLZD1LHPDWRQLFZVSyO-
QHJR]U]HF]\ZLVWRĞFLąDOERZLHPVWDURĞüWDPMHVWMHV]F]HEDUG]LHMSRQXUDQLĪJG]LH-
NROZLHNLQG]LHM3U]HFLĊWQDHPHU\WXUDPLHVLĊF]QDZ\VWDUF]DWDPQDNLONDGQLQĊG]QHJR
Ī\FLD²FRURELü]UHV]WąPLHVLąFDWHJRQLHZLHQLNW]SDĔVWZHPLSDUWLąZáąF]QLH7RWHĪ
WZDU]VWDUFDZWHOHZL]MLF]\JáRVVWDUXV]NLZUDGLR]DSHZQLDMąF\FKRVZ\PVáRQHF]Q\P
Ī\FLXLV]F]ĊĞFLXMDNLHLPGDMHVRFMDOL]PEXG]LMXĪW\ONR]DĪHQRZDQLH
ĝPLHUüMHVWSUREOHPHPSROLW\F]Q\PLVNRPSOLNRZDQ\P1DMPQLHMV]\EáąGZXPLH-
UDQLXREUDFDVLĊSU]HFLZW\PNWyU]\VąXPLHUDMąFHPXGURG]\LEOLVF\8PLHUDüQDOH-
Ī\WDNDE\QLHE\üGODQLFKFLĊĪDUHP'RW\F]\WRSU]HGHZV]\VWNLPOXG]LZ\ELWQ\FK
NWyU\FKĪ\FLHSRĞZLĊFRQHE\áRSUDF\XP\VáXLGHRPWZyUF]RĞFLĞPLHUüZ\GDMHLFKSR
UD]RVWDWQLQDSDVWZĊNRPXQLVWyZ&]HPXNROZLHNERZLHPQLHSRĞZLĊFLOLE\VZHJRZ\-
VLáNXP\ĞOLVZ\FKWDOHQWyZVZ\FKXF]Xü²NRPXQLĞFLSU]\ZáDV]F]ąWRVRELHLRJáRV]ą
LFKXVáXĪQ\PLLJRUOLZ\PLSRSOHF]QLNDPLNRPXQL]PX=PDUOLEURQLüVLĊQLHPRJąLFK
URG]LQ\LLFKEOLVF\ERMąVLĊEURQLüLFKPLHQLDLLFKGRURENX:NRĔFX]UHV]WąVąW\ONR
Ī\MąF\PLOXGĨPLSRWU]HEXMąSRVDGLPLHV]NDĔGODF]HJRZLĊFQLHREUyFLüZNRU]\ĞüFRĞ
FRLQDF]HMPRĪHE\üW\ONRQLHV]F]ĊĞFLHP5D]MHV]F]HFHQ]XUDZNUDF]DZĪ\FLHDUDF]HM
ZĞPLHUüF]áRZLHND1HNURORJPXVLX]\VNDüSLHF]ĊüFHQ]XU\]DQLPXNDĪHVLĊZGUXNX
:OLF]Q\FKZ\SDGNDFKXU]ĊGQLNFHQ]XU\XSU]HMPLHOHF]VWDQRZF]RGRUDG]DFRPDE\ü
Z\PLHQLRQHZ]DVáXJDFKQLHERV]F]\NDDFRQLH
3RJU]HE QD VNDOĊ QDURGRZą MHVW RGF]\QQLNLHP UHDNFML L QDVWURMyZ 1DMZLĊNV]\FK
PĊĪyZNRPXQL]PXFKRZDQRZREHFQRĞFLEH]PLHUQ\FKWáXPyZRNWyU\FKJD]HW\XU]Ċ-
GRZR SLVDá\ ] XQLHVLHQLHP MDNR R QDMZ\ĪV]\P GRZRG]LH XPLáRZDQLD LFK SU]H] PDV\
1DRF]QLĞZLDGNRZLHQDWRPLDVWVWZLHUG]DMąĪHHOHPHQWDUQ\PXF]XFLHPZ\F]XZDOQ\P
MDVQRGODNDĪGHJRZWáXPLHE\áDEáRJDUDGRĞü:HVROXWNRSLMDQLOXG]LHS\WDOLVLĊQLHXVWD-
MąFRLG\VNUHWQLHÄ&RMHVW]V]DQRZQ\PFLDáHP"´²QDFRLQQLRGSRZLDGDOL]OXERĞFLą
Ä:V]\VWNRZSRU]ąGNX-XĪVW\JQLH´=GDU]DVLĊMHGQDNĪHXPLHUDSRPQLHMV]DJZLD]GD
UHĪ\PXLDSDUDWSURSDJDQGRZ\FKFHPLHüVZyMQDOHĪQ\PXG]LDáZGLDOHNW\FHĞPLHUFL
=ZDOQLDVLĊWHG\]SUDF\XU]ĊG\LV]NRá\²LXOLFH]QyZSHáQHVą]DGRZRORQ\FKXU]ĊG-
QLNyZ L UR]UDGRZDQ\FK G]LHFL $ JD]HW\ QD]DMXWU] GRQRV]ą R SRJUąĪRQ\FK Z ĪDáRELH
WáXPDFKOXGQRĞFLRGSURZDG]DMąF\FKOXPLQDU]DQD]DVáXĪRQ\VSRF]\QHN3LV]ąRPLáRĞFL
OXGXGODQLHJRLMHJRZLDU\:WHQRWRLLQQ\VSRVyEĞPLHUüVWDMHVLĊFHQQ\PLGRFHQLR-
Q\PVRMXV]QLNLHPNRPXQL]PX
.
=DNRĔF]HQLH
.
W$PHU\FHSLV]HVLĊPQyVWZRNVLąĪHNRW\PMDNĨOHMHVWZVWDQDFK]MHGQRF]RQ\FK
7RGREU]HĪHVLĊSLV]HVWDQRZLąRQHZLHONąJZDUDQFMĊĪHEH]Z]JOĊGXQDWRMDNMHVW
GREU]HNLHG\ĞEĊG]LHMHV]F]HOHSLHM
:NRPXQL]PLHSLV]HVLĊUyZQLHĪPQyVWZRNVLąĪHNRW\PMDNĨOHMHVWZ$PHU\FH
,MHV]F]HZLĊFHMNVLąĪHNRW\PMDNFXGRZQLHMHVWZNRPXQL]PLH&RVSUDZLDĪHUyZQR-
ZDJD]RVWDMH]DFKZLDQD3RVWDQRZLáHPZLĊFZ]LąüZW\PXG]LDáLVWąGWDNVLąĪND
.VLąĪNDWDU]HF]MDVQDX]QDQDE\üPRĪH]D]ELyUUDGSUDNW\F]Q\FK=DZLHUDRQD
SRWHPXGRVWDWHF]QąLORĞüRJyOQLNyZZNWyUHMDDXWRUJáĊERNRZLHU]ĊFRMHĞOLQDZHW
QLHSU]HVąG]DRLFKVáXV]QRĞFLF]\QLMHMDNRĞRERZLą]XMąFH3RMDZLDVLĊZLĊFS\WDQLH
GODNRJRNVLąĪNDWD]RVWDáDQDSLVDQD"
2F]\ZLĞFLHMHVWRQDGODOXG]LVSR]DNRPXQL]PX%\üPRĪHLĪZ\VLáHNMHMQDSLVD-
QLDE\áZ\VLáNLHPEH]FHORZ\PDOERZLHPZ\GDMHPLVLĊĪHQLHPRĪQD]UR]XPLHüWHJR
FRMHVWWDPQLHĪ\MąFWDPĩ\FLHWDPSROHJDZMDNLĞVSRVyEQDQLHPRĪOLZRĞFLĪ\FLD
0LPR WR Ī\MH WDP PLOLDUG OXG]L FR ZVND]XMH QD WR FKRüE\ ĪH WHQ URG]DM Ī\FLD PRĪH
]DLVWQLHüJG]LHLQG]LHM=DZV]HEDZLá\PQLHG\ZDJDFMHNRPXQLVWyZVSR]DNRPXQL]PX
LLFKV\PSDW\NyZQDWHPDWMDNRQL]URELąNRPXQL]POHSLHM0RLP]GDQLHPVąWRURPDQ-
W\F]QH PU]RQNL L NRPXQL]P ZV]ĊG]LH EĊG]LH WDNL VDP PLPR RGPLHQQ\FK ]DOHĪQ\FK
RGNOLPDWXLWUDG\FMLPDNLMDĪyZ:LUXVNRPXQL]PXMHVWMHGHQW\ONRFKHPL]PUyĪQ\FK
DTP by SHADE 125
RUJDQL]PyZQDURGRZ\FKPRĪHE\üUyĪQ\=QDF]\WRW\ONRĪHEĊGąQLHMHGQDNRZRUH-
DJRZDá\QDFKRUREĊLQDF]HMMąZVRELH]ZDOF]Dá\SURGXNRZDá\LQQHDQW\WRNV\Q\$OH
]XĪ\ZDQLHLQLV]F]HQLHĪ\ZHMWNDQNLSU]H]ZLUXVEĊG]LH]DZV]HWDNLHVDPRLRVWDWHF]Q\
UH]XOWDW]DZV]HWDNLVDP1DSLVDáHPRW\PMDNĪ\MHVLĊZNRPXQL]PLHMXĪXVWDQRZLR-
Q\PLVSUDZG]RQ\PSU]H]PLOLDUGOXG]L:LHU]ĊĪHWDNĪ\üVLĊEĊG]LHZNDĪG\PPRGHOX
SROLW\F]QR²VSRáHF]Q\PRMDNLZDOF]\G]LĞWRWDOLWDUQDOHZLFD
1LHQDSLVDáHPZLĊFOHMNVLąĪNLGOD&]HFKyZ3RODNyZF]\8NUDLĔFyZERRQLMXĪZLH-
G]ąMDNĪ\üZNRPXQL]PLH1DSLVDáHPMąGODOXG]LGHPRNUDW\F]QHJR=DFKRGXNWyU]\
VSRW\NDMąFZVZ\FKNUDMDFKXFLHNLQLHUyZ]NRPXQL]PX]DVWDQDZLDMąVLĊQDGLFKJRU]-
Ną]DSLHNáąQLHZ\UDĪDOQąLQLHDUW\NXáRZDQąDOHWHĪLSHáQąPąGURĞFLQLHQDZLĞFLąGR
NRPXQL]PX 8FLHNLQLHU]\ S\WDQL GODF]HJR XFLHNOL PDMą WDN ZLHOH GR SRZLHG]HQLD ĪH
QLHSRWUDILąGDüSURVWHMMDVQHML]ZLĊ]áHMRGSRZLHG]L:LHU]ĊJáĊERNRLSRNRUQLHĪHWR
ERU\NDQLHVLĊDE\SU]HND]DüGUXJLHPXF]áRZLHNRZLFRĞRF]\PZLHVLĊWDNGREU]HĪH
DĪQLHQLHVSRVyEOHJRZ\UD]LüVWDQRZLSRWĊĪQąVLáĊSFKDMąFąOXG]NRĞüGRSU]RGX6LáĊ
G]LĊNLNWyUHMOXG]NRĞüSRWUDILF]DVHPRGUyĪQLüGREURRG]áD
.
:DUV]DZD²1RZ\-RUN²3HWHUERURXJK

.
DTP by SHADE

DTP by SHADE 126

You might also like