You are on page 1of 46

3$< 0(17 6 83(56 725 (

35(6(17$7,21
$*(1'$

‡$%28786
‡3$<0(17683(56725(
‡%(<21',76/,0,7$7,216
‡:$<672($51
$%28786
0!

YYI[!<hEI[][ P<gYIh!<hEI[][ [j][Q] <O][


+gIhQGI[j 6+Ÿ$dIg<jQ][h 1.+QgIEj]g

]k[GIgQgIEj]g<[G +gIpQ]khYsI[O<OIG<hjPI $[I]NjPIj]d/<YIh ][hkYj<[jh


N]gZIg+gIhQGI[j]N $dIg<jQ][hQgIEj]g]N ]NrdgIhh+<s[E
rdgIhh+<s[E rdgIhh+<s[E 7QjP]pIgÃÁsI<ghIrdIgQI[EI
Ng]ZjPI"Ijq]gXQ[O[Gkhjgs
+.0"./ ‡ <EXŸI[GhIgpQEI+<gj[Ig
‡ .IZQjj<[EI/kDŸOI[j
‡ !]gIjP<[ÁÁÁ]kjYIjh
[<jQ][qQGI

‡ /]Njq<gIIpIY]dIg
+<gj[Ig
‡ kg]dI<[ ]Zd<[s ‡ +<gj[IgN]gjPI
‡ IhQO[IG<[G Q[pIhjZI[jdY<jN]gZ
IpIY]dIG]kgdd ‡ /]kjP<hjhQ<’hY<gOIhj
<EE]gGQ[Oj] khQ[IhhQ[<[EQ[O
kg]dI<[/j<[G<gGh +Y<jN]gZ
‡ <hN<EQYQj<jIG+ÂÂÂÆ 
Nk[GhjPg]kOPQjhhshjIZ
‡ +<sZI[j<jIq<s+<gj[Ig
‡ + // IgjQNQIG
3$<0(17
683(56 72 5(

  

£ $pIgÃÁÁ"<jQ][<Y².IOQ][<Y QYYIgh
QYYh+<sZI[j £ 1jQYQjQIh gIGQj <gGh0kQjQ][IIh[hkg<[EIIjE

+gId<QG ]<G £ Y]DI/Z<gj/k[

3$<0(17&(17(5 0g<pIY²0]kgh
£ QgYQ[Ih]jIYh0]kg+<EX<OIh gkQhI <g.I[j<Yh
£ 0]kgQhj6Qh<hhQhj<[EI

EE]k[j0]d1dh £ +<sZ<s<g<D+<s+Qj<X<!]

£ rdgIhh+<s IDk<[< PkQYYQIg7IhjIg[1[Q][0gkI!][Is


.IZQjj<[EI« £ gIGQjj] <[XEE]k[jh/ IQpI <hP

«.IfkQgIh /+gIOQhjg<jQ][
х
 
3$<0(17&(17(5 3$<0(17&(17(5 3$<0(17&(17(5

3$<0(17&(17(5 3$<0(17&(17(5 3$<0(17&(17(5








 1/0$!.. 
3$<0(17&(17(5 ‡ $[YsqQjPQ[jPI/j]gI’h
pQEQ[Qjs

 7$." +0 › $"


‡ 1hIGj]<Gp<[EIjPI
jg<[h<EjQ][h]Ns]kg
Ekhj]ZIgh

 ҁ
 


о
 1/0$!.. 
‡ rjI[Ghj]ÂÁZQYYQ][
$pIghI<hQYQdQ[]h

 7$." +0 › $"


‡ "]jgIfkQgIG1hIghqQYY
j]dŸkdjPIQg]q[q<YYIjj]
jg<[h<Ej
++
 /0- .
,QYHVWPHQWV

&UHGLWV2XW

%LOOV3D\PHQW

7UDYHO 7RXUV

3UHSDLG/RDGV

$FFRXQW7RS8SV



6$)(+,*+<,(/'60$//$0281766+2577(50

/IYIEjNg]Z< Qhj]N ]gg]qIgh¥/!hjP<jP<pI


d<hhIG/IIGQ[’hhjgQEjEgIGQj EgQjIgQ<<[GP<pI
dg]pQGIG<[<EEIdj<DYI ]YY<jIg<Y]g ]Ÿ!<XIg¦

Ð!Q[QZkZ]N+ÂÁÁÁÁQ[pIhjZI[jqQjP<!Q[QZkZ
.Ijkg[]NÂÁÚd<

Đ[pIhjZI[jh<gIhP]gjŸjIgZÂ ÂÃZ][jPh



6$)(+,*+<,(/'60$//$0281766+2577(50

Ő+<sZI[jh<gIEgIGQjIGD<EXj]s]kg<EE]k[jZ][jPYs
¥+gQ[EQd<YÛ[jIgIhj¦

+Qj<X<!].ID<jIGGQjQ][<YÁÆÚd<

0Pg]kOP /]kjP<hjhQ<’h <gOIhj


khQ[IhhQ[<[EQ[O+Y<jN]gZqQjP
]pIg+Æ  $"Nk[Gh
N<EQYQj<jIGhQ[EIÃÁÂŐ

җ 
Ҙ
‡ +0!$$ 

&200,66,216 ‡ +9Ÿ$10 "0./  1" 1 .


35,1&,3$/
,17(5(676
‡ 1dE]ZQ[O
/!.0+ 0.1!$"98+.//+9
:$//(7723 7/0."1"$"0 
836

‡ . //0!70.7 / 1.09 "0!h

‡ . 0 .00$!$. " $1"0/

1+0$ ÇÁÚ +.0"0.1 ..0/


&5(',76287

җ 
Ҙ

‡ +0!$$  PIEX+<sZI[j¥gII


&200,66,216 ]N P<gOI¦
35,1&,3$/
,17(5(676
‡ +9Ÿ$10 "0./  1" 1 .¥Ä 
ÂÁÚYIhh¦
:$//(7723
836
‡ . //0!70.7 / 1.09 "0!h
¥+Èƍkdj]+ÂÁÁÁÁ¦

‡ . 0 .00$!$. " $1"0/¥+Èƍkd


j]+ÆÁÁÁÁ¦

&5(',76287




/.6 /¥/""+ÂÁÁÁÁ¦
$"$" /"+$. +" 1/¥8$$!¦ 1 + ++"/
ÐÁÁ /ŐÆÁ +9ÆÁÁÁÁ 1/ƐÁÁ  +ÂÁÁÁ ++ÂÊÆ

¥+ÂÅƐÁʦ ¥+ÂÈǐÂɦ ¥+ÃŐÈǦ ¥+ÃÇʐÅŦ ¥+ÈÁÐÄʦ 

++ÈɐÁÁ



‡ +<s9]kg QYYhjPg]kOPs]kg/Z<gjdP][I]g ]ZdkjIg"90!"97.

‡ $pIgÃÁÁ"<jQ][<Y<[G.IOQ][<Y QYYIgh

‡ 1jQYQjQIh gIGQj <gGh[hkg<[EI0kQjQ][IIhIjE






19/ <[G0."/.+.+ $/

+Qj<X<!].ID<jIÄÚ
 о

$$9$1.
‡ QgYQ[Ih
‡ ]jIY
‡ 0]kg+<EX<OIh
‡ gkQhI
‡ <g² kh.I[j<Yh
‡ 0g<pIY[hkg<[EI

0$1./06/+.$ //"///0" 

+//+$.0¥"Iq›.I[Iq<Y¦++$"0!"0

+Qj<X<!].ID<jI1dj]+ÅÁÁ


g]Zs]kg+Qj<X<!]EE]k[jj]dkds]kg

 +0!$

 +9!9

 . +9

  /<[G

 ;EE]k[jh
$77$1 9$1+.$!$00‹
1/.+9/

$"Ÿ0!  "/
$
+ÁÁÁÁÁ
 

´675,9()25µ5()(55$/352*5$0

1 ' *ѵ*!  ! --'


)*(
. -.
)*(
Â Æ ÄÁÁ ÆÁÁÁÁ
à ÃÆ ÂÁÁ ÍÆÁÁÁÁ
Ä ÂÃÆ ÂÁÁ ÂÍÆÁÁÁÁ
Å ÇÃÆ  ÂÁÁ ÇÍÆÁÁÁÁ
Æ čÂÃÆ ÂÁÁ 
ÄÂÍÆÁÁÁÁ

0$0 " $! ଑ÄʍÆÁÁÁÁ
 

´675,9()25µ5()(55$/352*5$0
<g[<hZkEP<h଑ÄʍÆÁÁÁÁDsWkhjG]Q[OjPQhhQZdYIE][EIdj

0Æ]Ns]kggQI[GhqP]<Yh]q<[jj]I<g[
+ÄʍÆÁÁj]]Q[]kg.INIgg<Y+g]Og<Z

Ð!$060jPIZj]$qP<js]k0]0Æ]N
    
jPIQggQI[GhqP]<Yh]q<[jj]I<g[+ÄʍÆÁÁj]
]Q[]kg! .+g]Og<Z

Đ $!+ 00PQh sEYI1d0]0PI ÆjP IpIY


 


...   / +.+ .0/ 0.6 ²
6 / +9!"0 $/ $10« 0$1./ "6/0!"0/
1dj]+ÅÁÁ
1/. +Æ! ÄÚ. 0 1dj]ÇÁÚ]NN . 0 ÁÆÁÚd<
 +ÁÁ ÁÅÁÚ +ÁÁ +ƐÁÁ ÁÂÁÚ
à +ÁÁ ÁÅÁÚ +ÁÁ +ƐÁÁ ÁÂÁÚ
Ä +ÁÁ ÁÅÁÚ +ÁÁ +ƐÁÁ ÁÂÁÚ
Å +ÁÁ ÁÅÁÚ +ÁÁ +ƐÁÁ ÁÂÁÚ
Æ +ÁÁ ÁÅÁÚ +ÁÁ +ƐÁÁ ÁÂÁÚ

«<hZQ[QZkZZ][Isjg<[hNIg<Z]k[jh
 


$7" "1/./ čÊÁÆ

Ú$
$7" " !$"0 9
 $!!//$" 1/./ .-1" 9 " $!
 /+9!"0 ଑ÁÁ ÆÁÚ Ä ଑ƍÉÆȐÆÁ
+.+ $/ ÁÅÁÚ ÆÁÚ ଑ÄÁÁÁÁ ଑ÍÄÅĐÁÁ
.0/$10 ଑ÁÁ ÃÁÚ Ÿ ଑ÈɐÁÁ
0.6 ²0$1./ ଑ƐÁÁ ÆÚ Ÿ ଑ÊÈǐÃÆ
"6/0!"0 ÁÂÁÚ ÂÚ ଑ÆÁÁÁÁÁÁ ଑ÊÆÐÆÁ
0$0    ଑ÊÂÁÃÆ




 

ѷ 
‡ $"Ÿ0!  "/+ÁÁÁ ‡ !"91/1 ++/.6 /
‡ $"6"" 
‡ /6"/›" $!
‡ $++$.01"0/0$."
‡ +ÄʍÆÁÁ
‡ +ÊÂÁÃÆ+.!$"0


5HIHUUDO3URJUDP

1HWZRUN%XLOGHU,QFRPH

1HWZRUN7UDQVDFWLRQ,QFRPH
 

/j<gj9$1.$7".INIgg<Y+g]Og<Z"Ijq]gX

7QjPjPIQghjÇ1/./ $0/

 9$1./
]g.
    
 

´675,9()25µ5()(55$/352*5$0

1 ' *ѵ*!  ! --'


)*( +ÄʍÆÁÁ
. -.
)*( rÇ/Y]jh
¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢
Â Æ ÄÁÁ ÆÁÁÁÁ
à ÃÆ ÂÁÁ ÍÆÁÁÁÁ +ÍÄÅʍÁÁÁ
Ä ÂÃÆ ÂÁÁ ÂÍÆÁÁÁÁ
Å ÇÃÆ  ÂÁÁ ÇÍÆÁÁÁÁ
Æ čÂÃÆ ÂÁÁ 
ÄÂÍÆÁÁÁÁ

0$0 " $! ଑ÄʍÆÁÁÁÁ
 


.k[[Q[O 1.+[E]ZI
IpIY 1hIgh 0]j<Y

."+ÃÆ+.1/. Â Æ Æ

ÃÆ ÃÆ +ÇÃÆ


Ã
g]Z 6 à +čÈÆÁ
ÂÃÆ ÂÆÁ
Ä
0] Å ÇÃÆ ÈÈÆ +ÂʍÄÈÆ

čÂÃÆ čÊÁÁ
Æ +ÊȍÆÁÁ
""09 

Ç ÂƍÇÃÆ ÂʍÆÃÆ +ÅÉɍÂÃÆ


È ÈɍÂÃÆ ÊȍÇÆÁ +ÍÅōÃÆÁ
 



.k[[Q[O 1.+[E]ZI
IpIY 1hIgh 0]j<Y
Æ Æ
/0. /0 $.9$1" Â
9$1.$7" "/0$   Ã ÃÆ ÃÆ +ÇÃÆ
0$0Æ+$+ 0$$" ÂÃÆ ÂÆÁ +čÈÆÁ
70"Ã!$"0/‹ Ä
ÇÃÆ ÈÈÆ +ÂʍÄÈÆ
Å
9/ÊȍÇÆÆ1/.//$1 
čÂÃÆ čÊÁÁ
00" "$"9. Æ 
+ÊȍÆÁÁ

Ç ÂƍÇÃÆ ÂʍÆÃÆ +ÅÉɍÂÃÆ


È ÈɍÂÃÆ ÊȍÇÆÁ +ÍÅōÃÆÁ
 



0."/ 0$"/

 
++ /0- ./* 



&UHGLWV3D\RXW

%LOOV3D\PHQW

$FFRXQW7RS8SV

3UHSDLG/RDGV

7UDYHO 7RXUV
++ /0- ./* 

 

,QYHVWPHQWV

$GYHUWLVHPHQWV

5HIHUUDO3URJUDP



"6/0!"0 !.0" +0!$ "07$.


/. 1 ./.

+ÆÁÁÁÁ +ÆÁÁ +ÆÁ +ÆÁ





gIGQjh$kj gIGQjh]kj kYNQYYZI[j +Qj<X<!] "Ijq]gX


Z]k[j II +<gj[Ig !<gXIjQ[O /P<gI kQYGIg
/P<gI II /P<gI

+ÂÁÁÁÁ +ÈÉ +ÆʐÃÉ Æ +ǐÉÇ +ǐÉÇ





hhkZIG !<gXIjQ[OII +Qj<X<!]/P<gI "Ijq]gX kQYGIg


]ZZQhhQ][« /P<gI
+ÂÁ +Æ +ÐÆÁ +ÐÆÁ

 

+gId<QG "Ijq]gX ]ZZQhhQ][ kYNQYYZI[j 1hIg !<gXIjQ[O +Qj<X<!] "Ijq]gX


]<G +<gj[Ig .ID<jI II /P<gI kQYGIg
/P<gI
+ÄÁÁ /Z<gj +ÃÐÃÁ +ÐÃÁ +ʐÁÁ +ÐÆÁ +ŐÃÆ +ŐÃÆ
¥ÈÅÚ¦
+ÄÁÁ /k[ +ÃÈ¥ÊÚ¦ +ÐÈÁ +ʐÁÁ +ÐÆÁ +ǐÅÁ +ǐÅÁ

+ÄÁÁ Y]DI +ÃÂ¥ÈÚ¦ +ÐÂÁ +ʐÁÁ +ÐÆÁ +ĐÈÁ +ĐÈÁ


5(9(18(352-(&7,216
«0PQhQh"$0<k<g<[jII]g+g]ZQhI]N[E]ZI



‡ 9]kOgIqs]kg"Ijq]gXj]ÊȍÇÆÆ1hIghQ[][IsI<g

‡ $[s]kgÃ[G9I<g$" 9ÆÁÚ]NjPIj]j<Y1hIghqQYYjg<[h<Ej

‡ .IZQjj<[EI+ÂÁÁÁÁhI[j$" <Z][jP

‡ QYYh+<sZI[jÄDQYYhd<QGdIgZ][jP

‡ +gId<QG ]<Gh+ÄÁÁY]DIIŸY]<GhdIgZ][jP

‡ /IIGQ[$" 9ÆÚqQYYQ[pIhj<[<pIg<OI]N+ÆÁÁÁÁ



.0/$10
ÅɍÉÃÈ8+ǐÉÇ8ÂÃ!$"0/Þ+ōÁÂʍÅÄɐÇÅ
 /+9!"0
ÅɍÉÃÈ8+ÐÆÁ8Ä  /8ÂÃ!$"0/Þ+ōÄÊōÅÄÁÁÁ 0$0 
+.+ $/ +ÁÈÁÁÇÐÅÅ
ÅɍÉÃÈ8+ĐÈÁ8ÂÃ!$"0/Þ+ÍÂÇȍÊÂɐÉÁ
"6/0!"0
ÊȍÇÆÆ8ÆÚÞōÉÉÃ
ōÉÉÃ8+ÆÁ8Ã"6/0!"0/›9.Þ+ÅÉɍÃÈƐÁÁ



jÊȍÇÆÆ/kDhEgQDIgh
[E]ZI/jgI<Z "Ijq]gX kQYGIg[E]ZI

+!1.INIgg<Y +ÍÄÅʍÁÁÁÁÁ Âhj


9I<g
Âhj9I<g¥<hhkZIG1hIghGQG[’j
"Ijq]gX kQYGIg +ÍÅōÄÈƐÁÁ
jg<[h<Ej¦
[E]ZI
"Ijq]gX +ÁÈÁÁÇÐÅÅ Ã[G9I<g¥<hhkZIG"Ijq]gX[]
Y][OIgOgIq¦
0g<[h<EjQ][[E]ZI
+ÁÈÁÁÇÐÅÅ ÄgG9I<g¥h<ZI<hÃ[GsI<g¦
0$0 +ÃǍÊÄÁÅÊʐÉÉ NjIgÄ
9I<gh
‡
1 91" 0$"  1/"//00.///0"/$ +"$/.
¥ÂÁÁ!¦" .$¥ÂÁ!¦

‡ .".$! 01/./00./0.1".9$1."07$.".$! 
$0.0."/ 0$"/"$ 97 9$.!$"0 9!8!1!" $!
!00$"/

‡ 0!.0"" 1/0$!. +//1++$.0Ž""07$.0.""


‡ !"!   $."$6. $/0/
‡ !1 0+ " $!/0.!/
‡ 1" !0+//6" $!
‡ 1/00Æ+$+ 007"00$."+ÄʍÆÁÁÁÁ
  Ѽ



1(7:25.%8,/'(5

12:
0$6 + / $"0 0

!. . /!/ "$"


ÁÊÂȟÈÈÅÉÃÊÈ
EP<gYIhZ<hEI[][³dQj<X<Z]E]Z

You might also like