Manual de instrucciones

GA11, GA15, GA18, GA22, GA30C

Nota de Copyright

Se prohibe cualquier uso no autorizado o la copia de los contenidos o de

cualquier parte de los mismos.

Esto se aplica en particular a marcas comerciales, denominación de

modelos, número de las piezas y diseños.

Fecha de impresión ......... 19/05/2005

Atlas Copco
www.atlascopco.com
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RGLRCTCECNGPVCTWPVCNNGTJC[SWGVQOCTRTGECWEKQPGUEQPVTCNCRQNWEKÉP[EQPVCOKPCEKÉP
GXGPVWCNFGNCKTGTGURKTCDNG
 0QSWKVGPKPIWPCRCTVGFGNOCVGTKCNKPUQPQTK\CPVGPKNQECODKGFGUKVKQ
 0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCO±SWKPC%CFCFGRÉUKVQCRTGUKÉPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
O±SWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKÉPUWRGTKQTCNCCVOQUH¾TKECUGRTQVGIGT±EQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKÉPUKGUVQHWGTCPGEGUCTKQ

%QPUWNVGVCODK¾PNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGKPUVCNCEKÉP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPX±NKFCURCTCO±SWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKÉPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECT±EVGTIGPGTCN[UQPX±NKFCURCTCXCTKQUVKRQUFG
O±SWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCO±SWKPC


/CPWCNFGKPUVTWEEKQPGU

 2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQ
TGRCTCEKQPGU

'NHCDTKECPVGFGENKPCVQFCTGURQPUCDKNKFCFRQTEWCNSWKGTFCÇQQNGUKÉP
TGUWNVCPVGFGNPQEWORNKOKGPVQFGGUVCURTGECWEKQPGUQFGNCPQ
QDUGTXCEKÉPFGNCRTGECWEKÉPJCDKVWCN[GNFGDKFQEWKFCFQGPNCKPUVCNCEKÉP
OCPGLQOCPVGPKOKGPVQQTGRCTCEKÉPCWPSWGPQUGJC[COGPEKQPCFQ
GZRTGUCOGPVG

2TGECWEKQPGUIGPGTCNGU
 'NQRGTCTKQFGDGNNGXCTCNCRT±EVKECNCUPQTOCUFGUGIWTKFCFKPFKECFCURCTCGUVGVTCDCLQ[QDUGTXCT
VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
 5KEWCNSWKGTKPFKECEKÉPFGNCUSWGUGEKVCPCEQPVKPWCEKÉPPQEWORNKGTCEQPNCNGIKUNCEKÉPNQECNUG
CRNKECT±NCO±UGUVTKEVC
 .CKPUVCNCEKÉPHWPEKQPCOKGPVQOCPVGPKOKGPVQ[TGRCTCEKQPGUUÉNQUGNNGXCT±PCECDQRQTRGTUQPCN
CWVQTK\CFQ[EQORGVGPVG
 0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
 #PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVGQEQORTQDCEKÉPFKUVKPVCFGNC
CVGPEKÉPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGO±UUGCDTKT±[UGDNQSWGCT±GNKPVGTTWRVQTUGRCTCFQTFG
GPGTIÃCGN¾EVTKEC
 0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
J±ICNQEQPOWEJQEWKFCFQ[RTQV¾LCUGNQUQLQU

2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQTGRCTCEKQPGU
 2ÉPICUGUKGORTGWPCUICHCUFGUGIWTKFCF
 7UGUQNCOGPVGNCUJGTTCOKGPVCUCFGEWCFCUCNVTCDCLQFGOCPVGPKOKGPVQ[TGRCTCEKÉP
 5ÉNQRQFT±PWVKNK\CTUGTGRWGUVQUQTKIKPCNGU
 .QUVTCDCLQUFGOCPVGPKOKGPVQUGNNGXCT±PCECDQÐPKECOGPVGEWCPFQNCO±SWKPCUGJC[CGPHTKCFQ
 #FGO±UGNGSWKRQFGCTTCPSWGFGDGNNGXCTWPECTVGNSWGFKICRGLUGGUV±VTCDCLCPFQPQRQPGTGP
OCTEJC
 .CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUV¾XGTKHKECPFQNCO±SWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECT±WPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKÉPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
 %KGTTGNCX±NXWNCFGUCNKFCFGCKTGCPVGUFGEQPGEVCTQFGUEQPGEVCTWPCVWDGTÃC
 #PVGUFGFGUOQPVCTEWCNSWKGTEQORQPGPVGRTGUWTK\CFQCÃUNGGNITWRQFGVQFCUNCUHWGPVGUFG
RTGUKÉP[CNKXKGVQFQGNUKUVGOCFGRTGUKÉP
 0WPECWUGFKUQNXGPVGUKPHNCOCDNGUPKVGVTCENQTWTQFGECTDQPQRCTCNKORKCTNCURKG\CU6QOGOGFKFCU
FGUGIWTKFCFEQPVTCXCRQTGUVÉZKEQUFGNÃSWKFQUFGNKORKG\C
 'ZVTGOGNCNKORKG\CFWTCPVGNQUVTCDCLQUFGOCPVGPKOKGPVQ[TGRCTCEKÉP%WDTCNCURKG\CU[NCU
CDGTVWTCUEQPWPRCÇQNKORKQRCRGNQEKPVCCFJGUKXCGXKVCPFQCUÃSWGRGPGVTGRQNXQ


 /CPWCNFGKPUVTWEEKQPGU

 0WPECUWGNFGPKNNGXGCECDQPKPIWPCQRGTCEKÉPSWGKORNKSWGGNWUQFGECNQTEGTECFGNUKUVGOCFG
CEGKVG.QUVCPSWGUFGCEGKVGFGDGPRWTICTUGEQORNGVCOGPVGEQPXCRQTRQTGLGORNQCPVGUFG
GHGEVWCTVCNGUQRGTCEKQPGU0QUWGNFGPKOQFKHKSWGPWPECTGEKRKGPVGUCRTGUKÉP
 #NCOGPQTUGÇCNQUQURGEJCFGUQDTGECNGPVCOKGPVQFGWPCRCTVGKPVGTPCFGWPCO±SWKPCFGDG
RCTCTUG¾UVC[PQCDTKTPKPIWPCVCRCFGKPURGEEKÉPJCUVCWPCXG\VTCPUEWTTKFQDCUVCPVGVKGORQFG
GPHTKCOKGPVQCHKPFGGXKVCTGNTKGUIQFGKIPKEKÉPGURQPV±PGCFGNXCRQTFGCEGKVGCNGPVTCTGP
EQPVCEVQEQPGNCKTG
 0WPECWVKNKEGWPCHWGPVGFGKNWOKPCEKÉPEQPNNCOCNKDTGRCTCKPURGEEKQPCTGNKPVGTKQTFGWPCO±SWKPC
TGEKRKGPVGCRTGUKÉPGVE
 #UGIÐTGUGFGSWGPQJCPSWGFCFQJGTTCOKGPVCURKG\CUUWGNVCUQVTCRQUFGPVTQQGPEKOCFGNC
O±SWKPC
 6QFQUNQUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFFGDGPOCPVGPGTUGEQPGNFGDKFQEWKFCFQRCTC
ICTCPVK\CTSWGHWPEKQPCPEQTTGEVCOGPVG'UV±RTQJKDKFQCRCICTGUVQUFKURQUKVKXQU
 #PVGUFGFGLCTNCO±SWKPCNKUVCRCTCWUQFGURW¾UFGNOCPVGPKOKGPVQQTGXKUKÉPEQORTWGDGSWGNCU
RTGUKQPGU[VGORGTCVWTCUFGHWPEKQPCOKGPVQ[NQUCLWUVGUFGVKGORQUQPEQTTGEVQU%QORTWGDGSWG
NQUFKURQUKVKXQUFGEQPVTQN[RCTCFCGUV±PKPUVCNCFQU[HWPEKQPCPEQTTGEVCOGPVG5KUGJCSWKVCFQGN
IWCTFCCEQRNCOKGPVQFGNGLGFGCEEKQPCOKGPVQFGNEQORTGUQTEQORTWGDGSWGGUV±TGKPUVCNCFQ
 'ZCOKPGGNVWDQFGKORWNUKÉP[GNKPVGTKQTFGNFGRÉUKVQUGRCTCFQTFGCEGKVGECFCXG\SWGUGECODKG
GNGNGOGPVQUGRCTCFQTRCTCXGTUKGZKUVGPTGEKRKGPVGUUGRCTCFQTGUFGCEGKVGRCTCFGRÉUKVQUFG
ECTDÉP5KUQPGZEGUKXQUFGDGPTGVKTCTUG
 2TQVGLCGNOQVQTGNHKNVTQFGCKTGNQUEQORQPGPVGUGN¾EVTKEQU[TGIWNCFQTGUGVEFGNCGPVTCFCFG
JWOGFCFRGLFWTCPVGNCNKORKG\CEQPXCRQT
 #UGIÐTGUGFGSWGVQFQGNOCVGTKCNKPUQPQTK\CPVGRGLGPNCECTTQEGTÃC[NQUUKUVGOCUFGGPVTCFC[
UCNKFCFGCKTGFGNEQORTGUQTUGJCNNCGPDWGPGUVCFQ'PECUQFGFCÇQTGGORN±EGNQRQTOCVGTKCN
QTKIKPCNFGNHCDTKECPVGRCTCGXKVCTSWGCWOGPVGGNPKXGNFGRTGUKÉPFGUQPKFQ
 0WPECWVKNKEGFKUQNXGPVGUE±WUVKEQUSWGRWGFCPQECUKQPCTFCÇQCNOCVGTKCNFGNCTGFFGCKTGRGLNCU
VC\CUFGRQNKECTDQPCVQ
 5GJCEGJKPECRK¾GPNCUUKIWKGPVGURTGECWEKQPGUFGUGIWTKFCFCNOCPGLCTGNTGHTKIGTCPVG
Ő 0WPECCURKTGNQUXCRQTGUFGNTGHTKIGTCPVG%QORTWGDGSWGGN±TGCFGVTCDCLQGUV±XGPVKNCFC
CFGEWCFCOGPVGWVKNKEGWPCO±UECTCRTQVGEVQTCUKHWGTCPGEGUCTKQ
Ő 7UGUKGORTGIWCPVGUGURGEKCNGU'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGEQPNCRKGNGPLWCIWGEQP
CDWPFCPVGCIWC'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGNÃSWKFQEQPNCRKGNCVTCX¾UFGNCTQRCPQ
CTTCPSWGPKUGGZVTCKICNCRTGPFCOQLGNCTQRCCDWPFCPVGOGPVGEQPCIWCJCUVCSWGJC[C
FGUCRCTGEKFQVQFQGNTGHTKIGTCPVGCRNKSWGFGURW¾UNQURTKOGTQUCWZKNKQU
 2ÉPICUGUKGORTGIWCPVGURTQVGEVQTGURCTCGNKOKPCTGNTKGUIQFGNGUKQPGUECWUCFCURQTRKG\CUFG
O±SWKPCUUQDTGECNGPVCFCURGLCNUCECTCEGKVG

%QPUWNVGVCODK¾PNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGKPUVCNCEKÉP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPX±NKFCURCTCO±SWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKÉPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECT±EVGTIGPGTCN[UQPX±NKFCURCTCXCTKQUVKRQUFG
O±SWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCO±SWKPC


/CPWCNFGKPUVTWEEKQPGU

 &GUETKREKÉPIGPGTCN

 +PVTQFWEEKÉP

+PVTQFWEEKÉP
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)#2CEM
.QU)#2CEMXCPCNQLCFQUFGPVTQFGWPCECTTQEGTÃCKPUQPQTK\CPVG.QUEQORTGUQTGUGUV±PEQPVTQNCFQU
RQTGNTGIWNCFQT'NGMVTQPKMQPs+FG#VNCU%QREQ'NOÉFWNQFGEQPVTQNGNGEVTÉPKEQGUV±KPUVCNCFQGPNC
RWGTVCRQTGNNCFQFGNCPVGTQ'NCTOCTKQGN¾EVTKEQFQPFGGUV±GNCTTCPECFQTFGNOQVQTUGGPEWGPVTCFGVT±U
FGGUVGRCPGN

8KUVCHTQPVCN)#C)#%2CEM


 /CPWCNFGKPUVTWEEKQPGU

4GH &GUKIPCEKÉP
#( (KNVTQFGCKTG
#4 &GRÉUKVQFGCKTG
#8 8±NXWNCFGUCNKFCFGCKTG
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
'4 4GIWNCFQT'NGMVTQPKMQP+
/ /QVQTFGCEEKQPCOKGPVQ
1( (KNVTQFGCEGKVG
5 $QVÉPFGRCTCFCFGGOGTIGPEKC
82 6CRÉPFGXGPVKNCEKÉP

)#2CEM(WNN(GCVWTG
.QU)#2CEM(WNN(GCVWTG
((GUV±PEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs+FG#VNCU%QREQ
#FGO±UGUV±PFQVCFQUFGWPUGECFQTFGCKTGKPVGITCFQGPNCECTTQEGTÃCKPUQPQTK\CPVG'NUGECFQTGNKOKPC
GNEQPFGPUCFQFGNCKTGEQORTKOKFQGPHTK±PFQNQCEGTECFGNRWPVQFGEQPIGNCEKÉP[RWTICPFQ
CWVQO±VKECOGPVGGNEQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

8KUVCHTQPVCN)#C)#%2CEM(WNN(GCVWTG

4GH &GUKIPCEKÉP
#( (KNVTQFGCKTG
#4 &GRÉUKVQFGCKTG
#8 8±NXWNCFGUCNKFCFGCKTG
%C 4GHTKIGTCFQTFGCKTG
%Q 4GHTKIGTCFQTFGCEGKVG
&4 5GECFQT
'4 4GIWNCFQT'NGMVTQPKMQP+
/ /QVQTFGCEEKQPCOKGPVQ
1( (KNVTQFGCEGKVG
5 $QVÉPFGRCTCFCFGGOGTIGPEKC
82 6CRÉPFGXGPVKNCEKÉP


 /CPWCNFGKPUVTWEEKQPGU

)#9QTMRNCEG
.QU)#9QTMRNCEGGUV±PCNQLCFQUFGPVTQFGWPCECTTQEGTÃCKPUQPQTK\CPVG.QUEQORTGUQTGUGUV±P
EQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ'NOÉFWNQFGEQPVTQNGNGEVTÉPKEQGUV±
KPUVCNCFQGPNCRWGTVCRQTGNNCFQFGNCPVGTQ'NCTOCTKQGN¾EVTKEQFQPFGGUV±GNCTTCPECFQTFGNOQVQTUG
GPEWGPVTCFGVT±UFGGUVGRCPGN8CKPENWKFQVCODK¾PWPEQNGEVQTFGEQPFGPUCFQEQPUKUVGOCFGFTGPCLG
CWVQO±VKEQ

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.QU)#9QTMRNCEG(WNN(GCVWTG
((GUV±PEQPVTQNCFQURQTGNTGIWNCFQT'NGMVTQPKMQPs++FG#VNCU%QREQ
#FGO±UUGRTQRQTEKQPCPEQPWPUGECFQTFGCKTG'NEQPFGPUCFQUGFTGPCCWVQO±VKECOGPVG
.QUEQORTGUQTGU)#C)#%9QTMRNCEG((GUV±PFQVCFQUFGWPUGECFQT+(&


/CPWCNFGKPUVTWEEKQPGU

8KUVCHTQPVCN)#C)#%9QTMRNCEG(WNN(GCVWTG

4GH &GUKIPCEKÉP
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&4 5GECFQT
'4 4GIWNCFQT'NGMVTQPKMQP++
5 $QVÉPFGRCTCFCFGGOGTIGPEKC


 /CPWCNFGKPUVTWEEKQPGU

 (NWLQFGCKTG

&KCITCOCUFGHNWLQ

)#C)#%

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/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKCU

4GH &GUETKREKÉP
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TGHTKIGTCFQTFGCKTG
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 5KUVGOCFGCEGKVG

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5KUVGOCFGCEGKVGFG)#C)#%


 /CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKCU &GUETKREKÉP
 2CTCWPKFCFGU2CEM9QTMRNCEGHNWLQFGCKTGEQORTKOKFQCNCX±NXWNCFGUCNKFCFGCKTG
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# 'PVTCFCFGCKTG
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EGPVTÃHWIC'NTGUVQNQTGVKTCGNUGRCTCFQTFGCEGKVG
15'NCEGKVGUGTGEQIGGPGNHQPFQFGNFGRÉUKVQFG
CKTGUGRCTCFQTFGCEGKVG
#4SWGUKTXGFGVCPSWGFGCEGKVG
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 5KUVGOCFGTGHTKIGTCEKÉP

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/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKCU &GUETKREKÉP
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 5KUVGOCFGEQPFGPUCFQ

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 /CPWCNFGKPUVTWEEKQPGU

 5KUVGOCFGTGIWNCEKÉP

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 &GRÉUKVQFGCKTG
 #NTGHTKIGTCFQTFGCKTG
 #NFGUFGGNTGHTKIGTCFQTFGCEGKVG

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RTGUKÉPFGNCTGFCNECPEGNCFGFGUECTICUGFGUGPGTIK\CNCX±NXWNCFGUQNGPQKFG
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;
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7#
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;'N¾ODQNQFGNC
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+8
5GTGCPWFCGNUWOKPKUVTQFGCKTG
GNEQORTGUQTOCTEJCGPECTIC


/CPWCNFGKPUVTWEEKQPGU

 5KUVGOCGN¾EVTKEQ

)GPGTCNKFCFGU
%QPUWNVGVCODK¾PNCUUGEEKQPGU&KCITCOCUGN¾EVTKEQU[%QPGZKQPGUGN¾EVTKECU

)#C)#%
'NUKUVGOCGN¾EVTKEQEQPUVCFGNQUEQORQPGPVGUUKIWKGPVGU

%WDÃEWNQGN¾EVTKEQGP)#C)#%GLGORNQVÃRKEQ

4GHGTGPEKC &GUKIPCEKÉP
( (WUKDNGU
( (WUKDNGU
(( (WUKDNGU
UÉNQGP(WNN(GCVWTGEQP+(&
( 4GN¾FGUQDTGECTICOQVQTFGNEQORTGUQT
3 &KU[WPVQTOQVQTFGXGPVKNCFQT
EQORTGUQTGUTGHTKIGTCFQURQTCKTG
- %QPVCEVQTCWZKNKCTRCTCUGECFQT
UÉNQGP(WNN(GCVWTGEQP+(&
- %QPVCEVQTFGNÃPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTK±PIWNQ
- 4GN¾FGUGEWGPEKCFGHCUGU
6 6TCPUHQTOCFQT
: 4GINGVCFGDQTPGU
UWOKPKUVTQFGVGPUKÉP
:: %QPGEVQTGU
2' $QTPGFGRWGUVCCVKGTTC


 /CPWCNFGKPUVTWEEKQPGU

 &KCITCOCUGN¾EVTKEQU

&KCITCOCFG'NGMVTQPKMQP+

&KCITCOCFGUGTXKEKQFG)#C)#%EQP'NGMVTQPKMQP+[CTTCPECFQTGUVTGNNCVTK±PIWNQ

4GHGTGPEKC &GUKIPCEKÉP

 +PUVCNCEKÉPFGNENKGPVG

 1REKÉP

 1REKÉPUGECFQTOQPQH±UKEQQVTKH±UKEQ

 6QFQUNQUXQNVCLGU
[*\EQPGZEGREKÉPFG8*\

 8*\

 %QPGZKÉPGPGUVTGNNCVQFQUNQUFGO±UXQNVCLGU

 %QPGZKÉPGPVTK±PIWNQ8*\

 #TTCPSWGRCTCFCCFKUVCPEKC

 5QDTGECTICOQVQT

 2CTCFCFGGOGTIGPEKC

 2CTCFCFGGOGTIGPEKCCFKUVCPEKC

 1REKÉPFGFKURQUKVKXQGNGEVTÉPKEQFGFTGPCLGFGCIWC
'9&


/CPWCNFGKPUVTWEEKQPGU

&GUKIPCEKQPGURCTCEQORTGUQTGU'NGMVTQPKMQP+

4GHGTGPEKC 5GPUQTGUX±NXWNCUFGUQNGPQKFGFKURQUKVKXQFGFTGPCLGGNGEVTÉPKEQ
26 5GPUQTFGRTGUKÉPUCNKFCFGCKTG
66 5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66 5GPUQTFGVGORGTCVWTCRWPVQFGTQEÃQ
(WNN(GCVWTG
; 8±NXWNCFGUQNGPQKFGFGECTIC

4GHGTGPEKC /QVQTGU
/ /QVQTFGCEEKQPCOKGPVQ
/ /QVQTFGNXGPVKNCFQT
EQORTGUQTGUTGHTKIGTCFQURQTCKTG

4GHGTGPEKC #TOCTKQGN¾EVTKEQ)#C)#%
(( (WUKDNGU
( 4GN¾FGUQDTGECTICOQVQTFGCEEKQPCOKGPVQ
- %QPVCEVQTFGNÃPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTK±PIWNQ
3 &KU[WPVQTOQVQTFGXGPVKNCFQT
- 4GN¾FGUGEWGPEKCFGHCUGU
6 6TCPUHQTOCFQT
:: 4GINGVCUFGDQTPGU
:: %QPGEVQTGU

4GHGTGPEKC /ÉFWNQFGEQPVTQN
+ $QVÉPFGCTTCPSWG
- 4GN¾FGDNQSWGQ
- 4GN¾CWZKNKCTEQPVCEVQTFGGUVTGNNC
- 4GN¾CWZKNKCTEQPVCEVQTFGVTK±PIWNQ
- 4GN¾CWZKNKCTECTICFGUECTIC
- 4GN¾CWZKNKCTUGECFQT
- 4GN¾CWZKNKCTRCTCFCFGCNCTOC
1 $QVÉPFGRCTCFC
5 $QVÉPFGRCTCFCFGGOGTIGPEKC

4GHGTGPEKC 'SWKRQQREKQPCNRCTC)#C)#%
# 5GECFQT
(WNN(GCVWTG
$ &KURQUKVKXQGNGEVTÉPKEQFGFTGPCLGFGCIWC
'9&
4- 2TQVGEEKÉPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQRCTCFCFGCNCTOC
4- 2TQVGEEKÉPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQCXKUQ


 /CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC 'SWKRQQREKQPCNRCTC)#C)#%
4444 %CNGPVCFQTGURTQVGEEKÉPEQPVTCEQPIGNCEKÉP
4 %CNGPVCFQTGUCPVKEQPFGPUCEKÉP
5 +PVGTTWRVQTUGRCTCFQTRTKPEKRCNFGGPGTIÃCGN¾EVTKEC
65.. 6GTOQUVCVQRTQVGEEKÉPEQPVTCEQPIGNCEKÉPFGEWDÃEWNQ
; 8±NXWNCFGUQNGPQKFG

&KCITCOCFG'NGMVTQPKMQP++

&KCITCOCFGUGTXKEKQFG)#C)#%EQP'NGMVTQPKMQP++[CTTCPECFQTGUVTGNNCVTK±PIWNQ

4GHGTGPEKC &GUKIPCEKÉP

 +PUVCNCEKÉPFGNENKGPVG

 1REKÉP

 1REKÉPUGECFQTOQPQH±UKEQQVTKH±UKEQ

 6QFQUNQUXQNVCLGUEQPGZEGREKÉPFG8*\

 8*\

 %QPGZKÉPGPGUVTGNNCVQFQUNQUFGO±UXQNVCLGU

 %QPGZKÉPGPVTK±PIWNQ8*\

 2CTCFCFGGOGTIGPEKC

 #TTCPSWGRCTCFCCFKUVCPEKC


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKÉP

 %CTICFGUECTICTGOQVC

 &GVGEEKÉPRTGUKÉPTGOQVC

 %QPVCEVQCWZKNKCT-

 2FGNVCFGHKNVTQ&&

 5GNGEEKÉPFGDCPFCFGRTGUKÉPCFKUVCPEKC

 1REKÉP'5

 2CTCFCFGGOGTIGPEKCCFKUVCPEKC

 %QPVCEVQUCWZKNKCTGU

&GUKIPCEKQPGURCTC'NGMVTQPKMQP

4GHGTGPEKC 5GPUQTGUX±NXWNCUFGUQNGPQKFGFKURQUKVKXQFGFTGPCLGGNGEVTÉPKEQ
26 5GPUQTFGRTGUKÉPUCNKFCFGCKTG
66 5GPUQTFGVGORGTCVWTCUCNKFCFGNGNGOGPVQ
66 5GPUQTFGVGORGTCVWTCRWPVQFGTQEÃQ
(WNN(GCVWTGEQP+(&
; 8±NXWNCFGUQNGPQKFGFGECTIC

4GHGTGPEKC /QVQTGU
/ /QVQTFGCEEKQPCOKGPVQ
/ /QVQTFGNXGPVKNCFQT
EQORTGUQTGUTGHTKIGTCFQURQTCKTG

4GHGTGPEKC #TOCTKQGN¾EVTKEQRCTC)#C)#%
( (WUKDNGU
( 4GN¾FGUQDTGECTICOQVQTFGCEEKQPCOKGPVQ
- %QPVCEVQTFGNÃPGC
- %QPVCEVQTFGGUVTGNNC
- %QPVCEVQTFGVTK±PIWNQ
- 4GN¾FGUGEWGPEKCFGHCUGU
3 &KU[WPVQTOQVQTFGXGPVKNCFQT
6 6TCPUHQTOCFQTGU
:: 4GINGVCUFGDQTPGU
: %QPGEVQTGU

4GHGTGPEKC /ÉFWNQFGEQPVTQN
+ $QVÉPFGCTTCPSWG
- 4GN¾FGDNQSWGQ
- 4GN¾CWZKNKCTEQPVCEVQTFGGUVTGNNC
- 4GN¾CWZKNKCTEQPVCEVQTFGVTK±PIWNQ
- 4GN¾CWZKNKCTECTICFGUECTIC
- 4GN¾CWZKNKCTCNVCDCLCRTGUKÉPFGCKTG
- 4GN¾CWZKNKCTUGECFQT


 /CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC /ÉFWNQFGEQPVTQN
- 4GN¾CWZKNKCTHWPEKQPCOKGPVQOCPWCNCWVQO±VKEQ
- 4GN¾CWZKNKCTCXKUQ
- 4GN¾CWZKNKCTRCTCFCFGCNCTOC
1 $QVÉPFGRCTCFC
5 $QVÉPFGRCTCFCFGGOGTIGPEKC

4GHGTGPEKC 'SWKRQQREKQPCNRCTC)#C)#%
# 5GECFQT
(WNN(GCVWTG
#+' /ÉFWNQFGGZRCPUKÉPGPVTCFCCPCNÉIKEC
$ &KURQUKVKXQGNGEVTÉPKEQFGFTGPCLGFGCIWC
'9&
-ʼn 4GN¾CWZKNKCTECTICFGUECTIC
QREKÉP'5
- %QPVCEVQTCWZKNKCTEQORTGUQTGPOCTEJC
QREKÉP'5
2&5 +PVGTTWRVQT&2RCTCHKNVTQ&&
4- 2TQVGEEKÉPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQRCTCFCFGCNCTOC
4- 2TQVGEEKÉPFGVGTOKUVQTFGOQVQTFGCEEKQPCOKGPVQCXKUQ
4444 %CNGPVCFQTGURTQVGEEKÉPEQPVTCEQPIGNCEKÉP
4 %CNGPVCFQTGUCPVKEQPFGPUCEKÉP
5 +PVGTTWRVQTUGRCTCFQTRTKPEKRCNFGGPGTIÃCGN¾EVTKEC
6 6TCPUHQTOCFQTUGECFQT
65.. 6GTOQUVCVQRTQVGEEKÉPEQPVTCEQPIGNCEKÉPFGEWDÃEWNQ
66 5GPUQTGUFGVGORGTCVWTCTGEWRGTCEKÉPFGGPGTIÃC
; 8±NXWNCFGUQNGPQKFG

 5GECFQTFGCKTG+(&

&KCITCOCFGHNWLQ

5GECFQTFGCKTG)#JCUVC)#%


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKÉP
# )CUTGHTKIGTCPVG
$ .ÃSWKFQTGHTKIGTCPVG
% %QPFGPUCFQ
#+ 'PVTCFCFGCKTG
#1 5CNKFCFGCKTG
 +PVGTECODKCFQTFGECNQTCKTGCKTG
 +PVGTECODKCFQTFGECNQTGXCRQTCFQTCKTGTGHTKIGTCPVG
 5GRCTCFQTFGEQPFGPUCFQ
 5CNKFCFGEQPFGPUCFQ
 %QORTGUQTFGTGHTKIGTCPVG
 %QPFGPUCFQTFGTGHTKIGTCPVG
 5GECFQTHKNVTQFGTGHTKIGTCPVGNÃSWKFQ
 6WDQECRKNCT
 8±NXWNCFGFGTKXCEKÉPFGICUECNKGPVG
 8GPVKNCFQTFGTGHTKIGTCEKÉPFGEQPFGPUCFQT
 2TGUQUVCVQEQPVTQNFGNXGPVKNCFQT

%KTEWKVQFGCKTGEQORTKOKFQ
'NCKTGEQORTKOKFQGPVTCGPGNKPVGTECODKCFQTFGECNQT
[UGGPHTÃCOGFKCPVGGNCKTGUGECFQ[HTÃQSWG
UCNG'NCIWCFGNCKTGSWGGPVTCGORKG\CCEQPFGPUCTUG.WGIQGNCKTGHNW[GCVTCX¾UFGNKPVGTECODKCFQT
FGECNQTGXCRQTCFQT
FQPFGGNTGHTKIGTCPVGUGGXCRQTCJCEKGPFQSWGGNCKTGEQPVKPÐGGPHTK±PFQUG
JCUVCCEGTECTUGCNCVGORGTCVWTCFGGXCRQTCEKÉPFGNTGHTKIGTCPVG5GEQPFGPUCO±UCIWCGPGNCKTG'N
CKTGHTÃQRCUCGPUGIWKFCCVTCX¾UFGNUGRCTCFQT
FQPFGVQFQGNEQPFGPUCFQUGUGRCTCFGNCKTG'N
EQPFGPUCFQUGRWTICCWVQO±VKECOGPVGCVTCX¾UFGNCUCNKFC

'NCKTGUGECFQ[HTÃQRCUCCVTCX¾UFGNKPVGTECODKCFQTFGECNQT
FQPFGUGECNKGPVCOGFKCPVGGNCKTGSWG
GPVTC

%KTEWKVQFGTGHTKIGTCPVG
'NEQORTGUQT
FGUECTICICUTGHTKIGTCPVGECNKGPVGCCNVCRTGUKÉPSWGHNW[GCVTCX¾UFGNEQPFGPUCFQT

FQPFGUGEQPFGPUCNCOC[QTRCTVGFGNTGHTKIGTCPVG
'NNÃSWKFQRCUCCVTCX¾UFGNUGECFQTHKNVTQFGTGHTKIGTCPVGNÃSWKFQ
CNVWDQECRKNCT
'NTGHTKIGTCPVGUCNG
FGNVWDQECRKNCTCRTGUKÉPFGGXCRQTCEKÉP
'NTGHTKIGTCPVGGPVTCGPGNGXCRQTCFQT
FQPFGSWKVCECNQTCNCKTGEQORTKOKFQOGFKCPVGWPCPWGXC
GXCRQTCEKÉPCRTGUKÉPEQPUVCPVG'NTGHTKIGTCPVGECNGPVCFQUCNGFGNGXCRQTCFQT[GUCURKTCFQRQTGN
EQORTGUQT

.CX±NXWNCFGFGTKXCEKÉP
TGIWNCGNHNWLQFGTGHTKIGTCPVG'NXGPVKNCFQT
NQEQPGEVCQFGUEQPGEVCGN
KPVGTTWRVQT
UGIÐPGNITCFQFGECTICFGNEKTEWKVQFGTGHTKIGTCPVG
2CTC)#C)#%CFGO±UGNOQVQTFGNEQORTGUQTKPEQTRQTCWPCRTQVGEEKÉPV¾TOKEC5KUGRCTCGN
OQVQTFGNEQORTGUQTFGURW¾UFGFKURCTCTNCRTQVGEEKÉPV¾TOKECRWGFGSWGRCUGPJCUVCJQTCUCPVGUFG
SWGUGJC[CPGPHTKCFQNQUFGXCPCFQUFGNOQVQT


 /CPWCNFGKPUVTWEEKQPGU

 4GIWNCFQT'NGMVTQPKMQP+

 4GIWNCFQT'NGMVTQPKMQP+

2CPGNFGEQPVTQN

+PVTQFWEEKÉP
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUUKIWKGPVGUHWPEKQPGU
Ő %QPVTQNCTGNEQORTGUQT
Ő 2TQVGIGTGNEQORTGUQT
Ő /QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
Ő #TTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
JGEJQKPCEVKXQ

%QPVTQNCWVQO±VKEQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKÉPFGNCTGFGPVTGNQUNÃOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQO±VKECOGPVG5GVKGPGGPEWGPVCWPPÐOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOÃPKOQFGRCTCFC[GNPÐOGTQO±ZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIÃC[
XWGNXGCCTTCPECTNQCWVQO±VKECOGPVGEWCPFQDCLGNCRTGUKÉPFGNCTGF

2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCT±GNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
'NEQORTGUQTUGRCTCT±VCODK¾PGPECUQFG
UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
.QUEQORTGUQTGUTGHTKIGTCFQURQTCKTGVCODK¾PUGFGVGPFT±PGPECUQFGUQDTGECTICFGNOQVQTFGN
XGPVKNCFQT

#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF

#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KCNIWPCFGNCUOGFKFCUGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOCRTQITCOCFQUGKPFKECT±GUVQ
VCODK¾PEQPQDLGVQFGCXKUCTCNQRGTCFQTCPVGUFGSWGUGNNGIWGCFKEJQPKXGNFGRCTCFCFGCNCTOC


/CPWCNFGKPUVTWEEKQPGU

#XKUQFGUGTXKEKQ
5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGWPXCNQTRTQITCOCFQUGKPFKECT±GUVQGPGNFKURNC[
EQPQDLGVQ
FGCXKUCTCNQRGTCFQTSWGNNGXGCECDQEKGTVCUCEEKQPGUFGUGTXKEKQ

4GCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKÉPFGCTTCPSWGCWVQO±VKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURW¾UFGWPCKPVGTTWREKÉPGN¾EVTKEC&KEJCHWPEKÉPGUV±FGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCH±DTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUÃUGFGUGC%QPUWNVGC#VNCU%QREQ

5KUGJCCEVKXCFQNCHWPEKÉP[CEQPFKEKÉPFGSWGGNOÉFWNQUGGPEQPVTCTCGPGN
OQFQFGHWPEKQPCOKGPVQCWVQO±VKEQGNEQORTGUQTXQNXGT±CCTTCPECT
CWVQO±VKECOGPVGUKUGTGUVCDNGEGGNXQNVCLGFGUWOKPKUVTQCNOÉFWNQ

 2CPGNFGEQPVTQN

4GIWNCFQT'NGMVTQPKMQP+

4GH &GUKIPCEKÉP (WPEKÉP

5 $QVÉPFGRCTCFCFGGOGTIGPEKC 2WNUCFQTRCTCRCTCTGNEQORTGUQTCN
KPUVCPVGGPECUQFGGOGTIGPEKC
&GURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGN
DQVÉPRCTCFGUDNQSWGCTNQ[RWNUGNCVGENC
FGTGCTOG

 $QVÉPFGRCTCFC 2WNUCFQTRCTCRCTCTGNEQORTGUQT5G
CRCICGN.'&
'NEQORTGUQTUG
RCTCT±FGURW¾UFGHWPEKQPCTGPFGUECTIC
WPQUUGIWPFQU
 $QVÉPFGCTTCPSWG 2WNUCFQTRCTCCTTCPECTGNEQORTGUQT'N
.'&
UGGPEKGPFGNQSWGKPFKECSWG
GNTGIWNCFQTGUV±QRGTCVKXQ
GP
HWPEKQPCOKGPVQCWVQO±VKEQ
 &KURNC[ +PFKECGNGUVCFQFGHWPEKQPCOKGPVQFGN
EQORTGUQTNQUXCNQTGUCEVWCNOGPVG
OGFKFQU[NQURCT±OGVTQURTQITCOCFQU
 6GENCFGTGCTOG 6GENCRCTCTGCTOCTGNVGORQTK\CFQTFG
UGTXKEKQWPCEQPFKEKÉPFGRCTCFCFG
CNCTOCGVE


 /CPWCNFGKPUVTWEEKQPGU

4GH &GUKIPCEKÉP (WPEKÉP

 6GENCFGGPVTCFC 6GENCRCTCUGNGEEKQPCTQXCNKFCTWP
RCT±OGVTQCDTKTWPUWDFKURNC[QXQNXGTC
WPFKURNC[CPVGTKQT
 .'&FGXQNVCLGEQPGEVCFQ +PFKECSWGGUV±EQPGEVCFQGNXQNVCLG
 2KEVQITCOC 8QNVCLGEQPGEVCFQ
 .'&FGCNCTOCIGPGTCN 'UV±GPEGPFKFQUKGZKUVGWPCEQPFKEKÉP
FGCXKUQ
 .'&FGCNCTOCIGPGTCN 2CTRCFGCGPECUQFGWPCEQPFKEKÉPFG
RCTCFCFGCNCTOCQRCTCFCFG
GOGTIGPEKC
 2KEVQITCOC #NCTOC
 .'&FGHWPEKQPCOKGPVQCWVQO±VKEQ +PFKECSWGGNTGIWNCFQTEQPVTQNCGN
EQORTGUQTCWVQO±VKECOGPVGGN
EQORTGUQTUGECTICFGUECTICRCTC[
XWGNXGCCTTCPECTUGIÐPGNEQPUWOQFG
CKTG[NCUNKOKVCEKQPGURTQITCOCFCUGPGN
TGIWNCFQT
 2KEVQITCOC (WPEKQPCOKGPVQCWVQO±VKEQ
 6GENCFGFGURNC\COKGPVQJCEKCCDCLQ 6GENCRCTCFGURNC\CTUGJCEKCCDCLQRQT
NCURCPVCNNCUQRCTCFKUOKPWKTWPCLWUVG
 6GENCFGFGURNC\COKGPVQJCEKCCTTKDC 6GENCRCTCFGURNC\CTUGJCEKCCTTKDCRQT
NCURCPVCNNCUQRCTCCWOGPVCTWPCLWUVG

 &KURNC[

&GUETKREKÉP

0QTOCNOGPVGGNFKURNC[
OWGUVTCNQUKIWKGPVG
Ő 'NGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQTRQTOGFKQFGRKEVQITCOCU
Ő .CRTGUKÉPFGUCNKFCFGNCKTG
Ő .CVGORGTCVWTCCEVWCNGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
Ő .CVGORGTCVWTCCEVWCNFGNRWPVQFGTQEÃQFGEQORTGUQTGU(WNN(GCVWTG
'NFKURNC[KPFKECVCODK¾PVQFQUNQURCT±OGVTQUOGFKFQU[RTQITCOCFQUX¾CUGNCUGEEKÉP&GURNC\CTUG
RQTVQFCUNCURCPVCNNCU


/CPWCNFGKPUVTWEEKQPGU

 2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC

2KEVQITCOCU

2KEVQITCOC &GUETKREKÉP
'UVCFQFGEQORTGUQT%#4)#
FWTCPVGOCTEJCGPECTICRCTRCFGCNCHNGEJC
JQTK\QPVCN

'UVCFQFGEQORTGUQT&'5%#4)#

*QTCUFGHWPEKQPCOKGPVQ

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ

6GORGTCVWTCFGNRWPVQFGTQEÃQ

/QVQTQUQDTGECTICFGOQVQT

$QVÉPFGRCTCFCFGGOGTIGPEKC

 2CPVCNNCRTKPEKRCN

2TQEGFKOKGPVQ
%WCPFQUGEQPGEVGGNXQNVCLGUGOWGUVTCCWVQO±VKECOGPVGNC2CPVCNNCRTKPEKRCNOWGUVTCGPDTGXGNC
UKVWCEKÉPFGHWPEKQPCOKGPVQFGNEQORTGUQT[NCRTGUKÉPFGUCNKFC
2CPVCNNCRTKPEKRCNGLGORNQVÃRKEQ

DCT


.CRCPVCNNCKPFKECSWGOCTEJCGNEQORTGUQTGPECTIC
RCTRCFGCNCHNGEJCJQTK\QPVCN[SWGNCRTGUKÉPFG
UCNKFCGUFGDCT
G

5KGORTGEQPUWNVGC#VNCU%QREQUKCRCTGEGV QVGUV GPGNFKURNC[

%QPUWNVGVCODK¾PNCUGEEKÉP&GURNC\CTUGRQTVQFCUNCURCPVCNNCU


 /CPWCNFGKPUVTWEEKQPGU

 #XKUQFGRCTCFCFGCNCTOC

&GUETKREKÉP
#RCTGEGT±WPCPQVKEKCFGCXKUQFGRCTCFCFGCNCTOCGPECUQFG
Ő WPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
Ő WPCVGORGTCVWTCFGOCUKCFQCNVCFGNRWPVQFGTQEÃQRCTCEQORTGUQTGU(WNN(GCVWTG

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT

Ő 5KGZEGFGNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC

u%u(PQRTQITCOCDNGUGGPEGPFGT±GN.'&FGCNCTOC
[RCTRCFGCT±GNRKEVQITCOC
EQTTGURQPFKGPVG
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ
DCT


Ő 2WNUGNCVGENCEQPHNGEJC
CRCTGEGT 
TGIKUVTQ
Ő 2WNUGNCVGENCEQPHNGEJC
CRCTGEGNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ
u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
Ő 3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCT±OGVTQU
Ő 2WNUGGNDQVÉP
RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
Ő &GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
Ő &GUCRCTGEGT±NCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKÉPFGCXKUQ


/CPWCNFGKPUVTWEEKQPGU

6GORGTCVWTCFGNRWPVQFGTQEÃQ
2CTCEQORTGUQTGUEQPUGECFQTKPVGITCFQ
Ő 5KGZEGFGNCVGORGTCVWTCFGNRWPVQFGTQEÃQGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
RTQITCOCDNGUG
GPEGPFGT±GN.'&FGCNCTOC
[RCTRCFGCT±GNRKEVQITCOCEQTTGURQPFKGPVG
2CPVCNNCFGCXKUQVGORGTCVWTCFGRWPVQFGTQEÃQ

RCTRCFGCPFQ
DCT


Ő 2WNUGNCVGENCEQPHNGEJC
CRCTGEGT 
TGIKUVTQ
Ő 2WNUGNCVGENCEQPHNGEJC
CRCTGEGNCVGORGTCVWTCCEVWCNFGNRWPVQFGTQEÃQ
2CPVCNNCFGCXKUQVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ
u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEÃQGUu%
Ő 3WGFCRQUKDNGFGURNC\CTUGRQTQVTCURCPVCNNCU
EQPC[WFCFGNCUVGENCU[RCTCEQORTQDCTGN
GUVCFQCEVWCNFGQVTQURCT±OGVTQU
Ő 2WNUGGNDQVÉP
RCTCRCTCTGNEQORTGUQT[GURGTGJCUVCSWGJC[CRCTCFQGHGEVKXCOGPVG
Ő &GUEQPGEVGGNXQNVCLGTGXKUGGNEQORTGUQT[JCICNCUIGUVKQPGUPGEGUCTKCU
Ő &GUCRCTGEGT±NCPQVKEKCFGCXKUQVCPRTQPVQEQOQFGUCRCTG\ECNCEQPFKEKÉPFGCXKUQ

 2CTCFCFGCNCTOC

&GUETKREKÉP
'NEQORTGUQTUGRCTCT±GPECUQFG
Ő WPCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTSWGGZEGFGGNPKXGNFGRCTCFCFGCNCTOC
Ő WPGTTQTFGNUGPUQTFGNCRTGUKÉPFGUCNKFC
Ő UQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
Ő UQDTGECVICFGNOQVQTFGNXGPVKNCFQTGPEQORTGUQTGUTGHKIGTCFQURQTCKTG


 /CPWCNFGKPUVTWEEKQPGU

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT

Ő 5KGZEGFGNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGNPKXGNFGRCTCFCFGCNCTOC
u%
u(PQRTQITCOCDNGUGRCTCT±GNEQORTGUQTRCTRCFGCT±GN.'&FGCNCTOC
UGCRCICT±GN.'&FG
HWPEKQPCOKGPVQCWVQO±VKEQ
[CRCTGEGT±NCRCPVCNNCUKIWKGPVG
2CPVCNNCFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ

Ő 2WNUGNCVGENCFGGPVTCFC
CRCTGEGT 
TGIKUVTQ
Ő 2WNUGNCVGENCEQPHNGEJC
CRCTGEGNCVGORGTCVWTCCEVWCNFGNGNGOGPVQEQORTGUQT
2CPVCNNCFGRCTCFCFGCNCTOCVGORGTCVWTCFGUCNKFCFGGNGOGPVQ

RCTRCFGCPFQ
u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGUu%
Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTÃC
Ő &GURW¾UFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKÉPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC

5QDTGECTICFGNOQVQT
Ő 'PECUQFGUQDTGECTICFGNOQVQTUGRCTCT±GNEQORTGUQTRCTRCFGCT±GN.'&FGCNCTOC
UG
CRCICT±GN.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
[CRCTGEGT±NCRCPVCNNCUKIWKGPVG
2CPVCNNCFGRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT

RCTRCFGCPFQ

Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTÃC
Ő &GURW¾UFGTGOGFKCT[FGUCRCTGEKFCNCEQPFKEKÉPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RQPICGN
EQORTGUQTGPOCTEJC


/CPWCNFGKPUVTWEEKQPGU

 #XKUQFGUGTXKEKQ

&GUETKREKÉP
#RCTGEGT±WPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFGVKGORQRTQITCOCFQ

Ő 5KGNVGORQTK\CFQTFGUGTXKEKQGZEGFGGNKPVGTXCNQRTQITCOCFQUGGPEGPFGT±GN.'&FGCNCTOC

Ő 2WNUGNCVGENCEQPHNGEJC
CRCTGEGT 
TGIKUVTQ2WNUGNCVGENCFGGPVTCFC
CRCTGEG
5 
5GTXKEG 7UGNCVGENC
RCTCFGURNC\CTUGJCUVCT 
TGIKUVTQ[RWNUGNCVGENC
FGGPVTCFC
'NCLWUVGFGNVGORQTK\CFQTFGUGTXKEKQUGKPFKECGPM*TU 
JQTCUZ
'LGORNQ KPFKECSWGGNEQORTGUQTJCHWPEKQPCFQFWTCPVGJQTCUFGUFGGNUGTXKEKQ
CPVGTKQT
Ő 2WNUGNCVGENCFGGPVTCFC
[NCVGENC
RCTCFGURNC\CTUGCT 
TGIKUVTQ2WNUGNCVGENC

RCTCXGTKHKECTNCUJQTCUFGHWPEKQPCOKGPVQ¾UVCUXCPGZRTGUCFCUGPM*TU 
JQTCUZ
'LGORNQFGWPCRCPVCNNCFGJQTCUFGHWPEKQPCOKGPVQ

M*TU


.CRCPVCNNCKPFKECSWGGNPÐOGTQFGJQTCUFGHWPEKQPCOKGPVQGU
Ő 2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQKPFKECFCU%QPUWNVGNC
UGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

Ő .CUCEEKQPGUFGUGTXKEKQFGNQUKPVGTXCNQUNCTIQUFGDGPKPENWKTNCUCEEKQPGUFGNQU
KPVGTXCNQUEQTVQU
'PGNGLGORNQCTTKDCJC[SWGTGCNK\CTVQFCUNCUQRGTCEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQCUÃEQOQNCU
RGTVGPGEKGPVGUCNKPVGTXCNQFGJQTCUFGHWPEKQPCOKGPVQ
Ő 5KUGWUCCEGKVGOKPGTCNGPXG\FG#VNCU%QREQ4QVQKPLGEVHNWKFJC[SWG
FKUOKPWKTUGGNKPVGTXCNQFGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKÉP
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

Ő &GURW¾UFGNUGTXKEKQTGCTOGGNVGORQTK\CFQTFGUGTXKEKQ%QPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFG
VGORQTK\CFQTFGUGTXKEKQ


 /CPWCNFGKPUVTWEEKQPGU

 &GURNC\CTUGRQTVQFCUNCURCPVCNNCU

2CPGNFGEQPVTQN

2CPGNFGEQPVTQN

'URQUKDNGFGURNC\CTUGRQTVQFCUNCURCPVCNNCUEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ
[.CU
RCPVCNNCUGUV±PFKXKFKFCUGPRCPVCNNCUFGTGIKUVTQU
T T [RCPVCNNCUFGRCT±OGVTQU

2 2 
&WTCPVGGNFGURNC\COKGPVQNQUPÐOGTQUFGNCURCPVCNNCUCRCTGEGPEQPUGEWVKXCOGPVG'PNCOC[QTÃCFG
NQUECUQUUGOWGUVTCPUKOWNV±PGCOGPVGNCWPKFCFFGOGFKEKÉP[GNRKEVQITCOCEQTTGURQPFKGPVGEQPGN
PÐOGTQFGNCRCPVCNNC
'PGNECUQFGWPCXKUQQWPCRCTCFCFGCNCTOCUGGPEWGPVTCCEEGUKDNGWPCRCPVCNNCFGTGIKUVTQCFKEKQPCN
T 
'LGORNQ

M*TU
T

5GOWGUVTCPGNPÐOGTQFGNCRCPVCNNCT NCWPKFCFWUCFCM*TU 
JQTCUZ[GNRKEVQITCOC
EQTTGURQPFKGPVGRCTCNCUJQTCUFGHWPEKQPCOKGPVQ2WNUGNCVGENCFGGPVTCFC
RCTCKPXQECTNCUJQTCUFG
HWPEKQPCOKGPVQCEVWCNGU

4GUWOGPFGNCURCPVCNNCU

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU

TGIKUVTQ
T *QTCUFGHWPEKQPCOKGPVQ
ZJTU %QPUWNVGNCUGEEKÉP+PXQECEKÉPFGJQTCU
FGHWPEKQPCOKGPVQ
T *QTCUFGECTIC
ZJTU %QPUWNVGNCUGEEKÉP+PXQECEKÉPFGJQTCU
FGECTIC


/CPWCNFGKPUVTWEEKQPGU

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU

TGIKUVTQ
T #TTCPSWGUFGNOQVQT
Z %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
CTTCPSWGUFGNOQVQT
T #TTCPSWGUFGNOQVQT
Z %QPUWNVGNCUGEEKÉP+PXQECEKÉPFG
CTTCPSWGUFGNOQVQT
T .GEVWTCFGNVGORQTK\CFQTFGUGTXKEKQ %QPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOG
FGVGORQTK\CFQTFGUGTXKEKQ
T 'UVCFQFGNCHWPEKÉPTGCTTCPSWG %QPUWNVGNCUGEEKÉP#TTCPSWGCWVQO±VKEQ
CWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG FGURW¾UFGHCNNQFGNXQNVCLG
T 5GTKGRTQITCOCFCFGRCT±OGVTQU %QPUWNVGNCUGEEKÉP5GTKGFGRCT±OGVTQU

2CPVCNNCFG &GUKIPCEKÉP 6GOCUTGNCEKQPCFQU

RCT±OGVTQU
2 #LWUVGFGRTGUKÉPFGFGUECTIC %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGRTGUKÉPFGFGUECTIC
2 #LWUVGUFGRTGUKÉPFGECTIC %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGRTGUKÉPFGECTIC
2 0KXGNFGCXKUQRCTCVGORGTCVWTCFGRWPVQ %QPUWNVGNCUGEEKÉP+PXQECEKÉP
FGTQEÃQ OQFKHKECEKÉPFGVGORGTCVWTCFGCXKUQFG
RWPVQFGTQEÃQ
2 #LWUVGFGVGORQTK\CFQTFGUGTXKEKQ %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGCLWUVGFGVGORQTK\CFQT
FGUGTXKEKQ
2 #LWUVGFGWPKFCFFGRTGUKÉP %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGWPKFCFFGRTGUKÉP
2 #LWUVGFGWPKFCFFGVGORGTCVWTC %QPUWNVGNCUGEEKÉP+PXQECEKÉP
OQFKHKECEKÉPFGWPKFCFFGVGORGTCVWTC
2 5GNGEEKÉPGPVTGCTTCPSWG;&Q&1. %QPUWNVGNCUGEEKÉP5GNGEEKÉPGPVTG
CTTCPSWG;&Q&1.
2 5GNGEEKÉPFGHWPEKÉPTGCTTCPSWG %QPUWNVGNCUGEEKÉP#EVKXCTTGCTTCPSWG
CWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG CWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG

CEVKXQQPQÐPKECOGPVGRCTC#VNCU
%QREQ
2 5GNGEEKÉPGPVTGEQPVTQN.QECNQ4GOQVQ %QPUWNVGNCUGEEKÉP5GNGEEKÉPGPVTG
EQPVTQNNQECNQTGOQVQ
2 /QFKHKECTUGTKGFGRCT±OGVTQU %QPUWNVGNCUGEEKÉP/QFKHKECEKÉPFGUGTKG
RTQITCOCFQU
ÐPKECOGPVGRCTC#VNCU FGRCT±OGVTQU
%QREQ


 /CPWCNFGKPUVTWEEKQPGU

(NWLQFGOGPÐU

(NWLQUKORNKHKECFQFGOGPÐU


/CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGVGORGTCVWTCUFGUCNKFC[RWPVQFGTQEÃQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
UGOQUVTCT±NCVGORGTCVWTCFGUCNKFC

u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGUCNKFCGUu%
Ő 2WNUGNCVGENCEQPHNGEJC
UGOQUVTCT±NCVGORGTCVWTCFGNRWPVQFGTQEÃQ

u%


.CRCPVCNNCOWGUVTCSWGNCVGORGTCVWTCFGNRWPVQFGTQEÃQGUu%
Ő &GURN±EGUGJCEKCCDCLQQCTTKDCRQTNCURCPVCNNCUEQPC[WFCFGNCUVGENCUEQPHNGEJC
[


 /CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPFGJQTCUFGHWPEKQPCOKGPVQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



M*TU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCM*TU 
JQTCUZ[GNXCNQT NCUJQTCUFGECTICFGN
EQORTGUQTUQPJQTCU

 +PXQECEKÉPFGJQTCUFGECTIC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



M*TU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCM*TU 
JQTCUZ[GNXCNQT NCUJQTCUFGECTICFGN
EQORTGUQTUQPJQTCU

 +PXQECEKÉPFGCTTCPSWGUFGNOQVQT

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



'UVCRCPVCNNCOWGUVTCGNPÐOGTQFGCTTCPSWGUFGNOQVQTOWNVKRNKECFQRQT2WNUGNCVGENCFGGPVTCFC

RCTCXQNXGTCNCURCPVCNNCUFGTGIKUVTQU
Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC




 /CPWCNFGKPUVTWEEKQPGU



'UVCRCPVCNNCOWGUVTCGNPÐOGTQFGCTTCPSWGUFGNOQVQTRQTCÇCFKTCNXCNQTKPFKECFQGPGNTGIKUVTQ
T 'PGNRTGUGPVGGLGORNQGNPÐOGTQFGCTTCPSWGUFGNOQVQTGUFG

 +PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



M*TU


.CRCPVCNNCOWGUVTCNCWPKFCFWUCFCM*TU 
JQTCUZ[GNXCNQT GNEQORTGUQTJC
HWPEKQPCFQFWTCPVGJQTCUFGUFGGNUGTXKEKQCPVGTKQT

4GCTOGFGNVGORQTK\CFQTFGUGTXKEKQ
*C[SWGTGCTOCTGNVGORQTK\CFQTFGURW¾UFGNUGTXKEKQX¾CUGNCUGEEKÉP#XKUQFGUGTXKEKQ
Ő &GURN±EGUGCNCRCPVCNNCFGTGIKUVTQT CRCTGEGT±GNXCNQT
RGL
Ő 2WNUGNCVGENCFGTGCTOG
RCTRCFGCT±GNXCNQT
NQSWGKPFKECSWGGURQUKDNGTGCTOCTNQ
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCTGCTOCTGNVGORQTK\CFQTC QRWNUGNCVGENCFGTGCTOG

RCTCECPEGNCTNCQRGTCEKÉP


/CPWCNFGKPUVTWEEKQPGU

 4GCTTCPSWGCWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

Ő 5KCRCTGEG PQGUV±CEVKXCNCHWPEKÉPŋ4GCTTCPSWGCWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLGŌ
Ő 5KCRCTGEG GUV±CEVKXCNCHWPEKÉPŋ4GCTTCPSWGCWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLGŌ

 5GTKGFGRCT±OGVTQU

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\ECT [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

GNPÐOGTQOQUVTCFQKPFKECNCUGTKGFGRCT±OGVTQURTQITCOCFQUGPNCH±DTKEC


 /CPWCNFGKPUVTWEEKQPGU

 +PXQECEKÉPOQFKHKECEKÉPFGRTGUKÉPFGFGUECTIC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



DCT


.CRCPVCNNCKPFKECGNCLWUVGFGNCRTGUKÉPFGFGUECTICDCT
G
Ő /QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU

 +PXQECEKÉPOQFKHKECEKÉPFGRTGUKÉPFGECTIC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



DCT


.CRCPVCNNCKPFKECGNCLWUVGFGNCRTGUKÉPFGECTICDCT
G
Ő /QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU

 +PXQECEKÉPOQFKHKECEKÉPFGVGORGTCVWTCFGCXKUQFGRWPVQFG
TQEÃQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC



u%



 /CPWCNFGKPUVTWEEKQPGU

.CRCPVCNNCOWGUVTCGNCLWUVGFGCXKUQRCTCNCVGORGTCVWTCFGNRWPVQFGTQEÃQ%
Ő /QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU

 +PXQECEKÉPOQFKHKECEKÉPFGCLWUVGFGVGORQTK\CFQTFG
UGTXKEKQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

GNCLWUVGFGNVGORQTK\CFQTFGUGTXKEKQUGKPFKECGPM*TU 
JQTCUZ'LGORNQ 
UKIPKHKECSWGGNVGORQTK\CFQTUGGPEWGPVTCCLWUVCFQCJQTCUFGHWPEKQPCOKGPVQ
Ő /QFKHKSWGFKEJQCLWUVGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQXCNQT[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU

 +PXQECEKÉPOQFKHKECEKÉPFGWPKFCFFGRTGUKÉP

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

UGOWGUVTCPNQUCLWUVGURQUKDNGU/RC RUK [DCT RCTRCFGCNCWPKFCFSWGUGWUCGP
TGCNKFCF
Ő 5GRWGFGUGNGEEKQPCTQVTCWPKFCFFGRTGUKÉPEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTNCPWGXCWPKFCF[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU

 +PXQECEKÉPOQFKHKECEKÉPFGWPKFCFFGVGORGTCVWTC

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

UGOWGUVTCPNQUCLWUVGURQUKDNGUu% [u( RCTRCFGCNCWPKFCFSWGUGWUCGPTGCNKFCF
Ő 2WGFGUGNGEEKQPCTQVTCWPKFCFFGVGORGTCVWTCEQPNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTNCPWGXCWPKFCF[XQNXGTCNCURCPVCNNCUFGRCT±OGVTQU


 /CPWCNFGKPUVTWEEKQPGU

 5GNGEEKÉPGPVTGCTTCPSWG;&Q&1.

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

'NOQFQFGCTTCPSWGWVKNK\CFQCEVWCNOGPVGRCTRCFGC RCTC;&
GUVTGNNCVTK±PIWNQQ 
RCTC&1.
FKTGEVQ
Ő 5GRWGFGUGNGEEKQPCTQVTQOQFQFGCTTCPSWGEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQOQFQFGCTTCPSWG[XQNXGTCNCURCPVCNNCUFG
RCT±OGVTQU

 #EVKXCTTGCTTCPSWGCWVQO±VKEQFGURW¾UFGHCNNQFGNXQNVCLG

&GUETKREKÉP
5ÉNQGURQUKDNGOQFKHKECTGUVGRCT±OGVTQSWGGUCEEGUKDNGGPNCRCPVCNNC2 FGURW¾UFG
KPVTQFWEKTWPCEQPVTCUGÇC%QPUWNVGC#VNCU%QREQUKFGUGCCEVKXCTGUVCHWPEKÉP

 5GNGEEKÉPGPVTGEQPVTQNNQECNQTGOQVQ

2CPGNFGEQPVTQN

'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN


/CPWCNFGKPUVTWEEKQPGU

DCT


Ő 2WNUGNCVGENCEQPHNGEJC
JCUVCSWGCRCTG\EC2 [RWNUGCEQPVKPWCEKÉPNCVGENCFGGPVTCFC

'NOQFQFGCTTCPSWGWVKNK\CFQCEVWCNOGPVGRCTRCFGC RCTCOQFQFGEQPVTQNNQECNQ 
RCTCOQFQFGEQPVTQNCFKUVCPEKC
Ő 5GRWGFGUGNGEEKQPCTQVTQOQFQEQPC[WFCFGNCUVGENCUEQPHNGEJC
[
Ő 2WNUGNCVGENCFGGPVTCFC
RCTCRTQITCOCTGNPWGXQOQFQFGEQPVTQN[XQNXGTCNCURCPVCNNCUFG
RCT±OGVTQU

 /QFKHKECEKÉPFGUGTKGFGRCT±OGVTQU

&GUETKREKÉP
5ÉNQGURQUKDNGOQFKHKECTGUVGRCT±OGVTQSWGGUCEEGUKDNGGPNCRCPVCNNC2 FGURW¾UFG
KPVTQFWEKTWPCEQPVTCUGÇC

 #LWUVGU

2TGUKQPGUFGFGUECTICECTIC
EQORTGUQTGUFG*\

2TGUKÉPFGFGUECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
DCT DCT
G   
DCT(WNN(GCVWTG DCT
G   
DCT DCT
G   
DCT(WNN(GCVWTG DCT
G   
DCT DCT
G   
DCT(WNN(GCVWTG DCT
G   

2TGUKÉPFGFGUECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
DCT RUKI   
DCT(WNN(GCVWTG RUKI   
DCT RUKI   
DCT(WNN(GCVWTG RUKI   
DCT RUKI   
DCT(WNN(GCVWTG RUKI   


 /CPWCNFGKPUVTWEEKQPGU

2TGUKÉPFGECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
DCT DCT
G   
DCT(WNN(GCVWTG DCT
G   
DCT DCT
G   
DCT(WNN(GCVWTG DCT
G   
DCT DCT
G   
DCT(WNN(GCVWTG DCT
G   

2TGUKÉPFGECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
DCT RUKI   
DCT(WNN(GCVWTG RUKI   
DCT RUKI   
DCT(WNN(GCVWTG RUKI   
DCT RUKI   
DCT(WNN(GCVWTG RUKI   

2TGUKQPGUFGFGUECTICECTIC
EQORTGUQTGUFG*\

2TGUKÉPFGFGUECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   

2TGUKÉPFGFGUECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
RUK RUKI   
RUK(WNN(GCVWTG RUKI   
RUK RUKI   
RUK(WNN(GCVWTG RUKI   
RUK RUKI   
RUK(WNN(GCVWTG RUKI   
RUK RUKI   
RUK(WNN(GCVWTG RUKI   


/CPWCNFGKPUVTWEEKQPGU

2TGUKÉPFGECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   
RUK DCT
G   
RUK(WNN(GCVWTG DCT
G   

2TGUKÉPFGECTIC #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
RUK RUKI   
RUK(WNN(GCVWTG RUKI   
RUK RUKI   
RUK(WNN(GCVWTG RUKI   
RUK RUKI   
RUK(WNN(GCVWTG RUKI   
RUK RUKI   
RUK(WNN(GCVWTG RUKI   

/ÃPKOCFKHGTGPEKCFGRTGUKÉPTGEQOGPFCFC
.COÃPKOCFKHGTGPEKCFGRTGUKÉPTGEQOGPFCFCGPVTGECTIC[FGUECTICGUFGDCTRUKI

6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ
.QUCLWUVGURCTCCXKUQ
u%u([RCTCFCFGCNCTOC
u%u(PQUQPRTQITCOCDNGU

6GORGTCVWTCFGNRWPVQFGTQEÃQ
'NCLWUVGFGCXKUQPQOKPCNGUu%
u(


 /CPWCNFGKPUVTWEEKQPGU

 4GIWNCFQT'NGMVTQPKMQP++

 4GIWNCFQT'NGMVTQPKMQPs++

2CPGNFGEQPVTQN

)GPGTCNKFCFGU
'PIGPGTCNGNTGIWNCFQT'NGMVTQPKMQPGLGEWVCNCUUKIWKGPVGUHWPEKQPGU
Ő %QPVTQNCTGNEQORTGUQT
Ő 2TQVGIGTGNEQORTGUQT
Ő /QPKVQTK\CTNQUEQORQPGPVGUUWLGVQUCUGTXKEKQ
Ő #TTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
JGEJQKPCEVKXQ

%QPVTQNCWVQO±VKEQFGHWPEKQPCOKGPVQFGNEQORTGUQT
'NTGIWNCFQTOCPVKGPGNCRTGUKÉPFGNCTGFGPVTGNQUNÃOKVGURTQITCOCDNGUECTICPFQ[FGUECTICPFQGN
EQORTGUQTCWVQO±VKECOGPVG5GVKGPGGPEWGPVCWPPÐOGTQFGCLWUVGURTQITCOCDNGURGLNCURTGUKQPGU
FGFGUECTIC[ECTICGNVKGORQOÃPKOQFGRCTCFC[GNPÐOGTQO±ZKOQFGCTTCPSWGUFGNOQVQT
'NTGIWNCFQTRCTCGNEQORTGUQTECFCXG\SWGUGCRQUKDNGEQPQDLGVQFGTGFWEKTGNEQPUWOQFGGPGTIÃC[
XWGNXGCCTTCPECTNQCWVQO±VKECOGPVGEWCPFQDCLGNCRTGUKÉPFGNCTGF%CUQFGUGTFGOCUKCFQDTGXGGN
RGTÃQFQFGFGUECTICRTGXKUVQGNEQORTGUQTUKIWGHWPEKQPCPFQCHKPFGGXKVCTRGTÃQFQUFGRCTCFC
FGOCUKCFQDTGXGU

'URQUKDNGRTQITCOCTWPPÐOGTQFGOCPFQUFGCTTCPSWGCWVQO±VKEQRCTCFCSWG
CEVÐCPGPWPVKGORQFCFQ6GPICGPEWGPVCSWGUGGLGEWVCT±WPOCPFQFGCTTCPSWG

UKGUV±RTQITCOCFQ[CEVKXCFQKPENWUQFGURW¾UFGRCTCTGNEQORTGUQT
OCPWCNOGPVG

2TQVGIGTGNEQORTGUQT
2CTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGRCTCFCFGCNCTOCRTQITCOCFQUG
RCTCT±GNEQORTGUQT'UVQUGKPFKECGPGNFKURNC[
[RCTRCFGCT±GN.'&FGCNCTOCIGPGTCN

'NEQORTGUQTUGRCTCT±VCODK¾PGPECUQFGUQDTGECTICFGNQUUKIWKGPVGUEQORQPGPVGU
Ő /QVQTFGCEEKQPCOKGPVQ
Ő /QVQTFGXGPVKNCFQT


/CPWCNFGKPUVTWEEKQPGU

5QNWEKQPGGNRTQDNGOC[TGCTOGNCPQVKEKC%QPUWNVGVCODK¾PGN/GPÐ&CVQUFGGUVCFQ

#PVGUFGUQNWEKQPCTEQPUWNVGNCU2TGECWEKQPGUFGUGIWTKFCF

#XKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
5KNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQTUWRGTCGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
RTQITCOCFQCRCTGEGT±WPCPQVKEKCGPGNFKURNC[
[UGGPEGPFGT±GN.'&FGCNCTOCIGPGTCN
EQP
QDLGVQFGCXKUCTCNQRGTCFQTFGSWGUGGZEGFGGNPKXGNFGCXKUQFGRCTCFCFGCNCTOC
'NOGPUCLGFGUCRCTGEGGPEWCPVQFGUCRCTGEGNCEQPFKEKÉPFGCXKUQ

#XKUQFGUGTXKEKQ
7PCUGTKGFGCEEKQPGUFGUGTXKEKQUGCITWRCP
GPNQUNNCOCFQU2NCPGUFG5GTXKEKQ#$%GVE%CFC
2NCPFG5GTXKEKQVKGPGWPKPVGTXCNQFGVKGORQRTQITCOCFQ5KUGGZEGFGCNIÐPKPVGTXCNQCRCTGEGT±WPC
PQVKEKCGPGNFKURNC[
EQPQDLGVQFGCXKUCTCNQRGTCFQTFGSWGNNGXGCECDQNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP

#XKUQ
6CODK¾PCRCTGEGWPCPQVKEKCFGCXKUQUK
Ő 'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NCVGORGTCVWTCFGNRWPVQFGTQEÃQGUFGOCUKCFQCNVCGP
TGNCEKÉPEQPNCVGORGTCVWTCCODKGPVG

4GCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG
'NTGIWNCFQTKPEQTRQTCWPCHWPEKÉPFGCTTCPSWGCWVQO±VKEQFGNEQORTGUQTCNTGUVCDNGEGTUGGNXQNVCLG
FGURW¾UFGWPCKPVGTTWREKÉPGN¾EVTKEC&KEJCHWPEKÉPGUV±FGUCEVKXCFCGPNQUEQORTGUQTGUSWGUCNGPFG
NCH±DTKEC0QQDUVCPVGGURQUKDNGCEVKXCTNCUKCUÃUGFGUGC%QPUWNVGC#VNCU%QREQ

5KGUV±CEVKXCFCNCHWPEKÉP[UKGORTGSWGGNTGIWNCFQTUGGPEWGPVTGGPGNOQFQFG
HWPEKQPCOKGPVQCWVQO±VKEQGNEQORTGUQTXQNXGT±CCTTCPECTCWVQO±VKECOGPVGUKGN
XQNVCLGFGUWOKPKUVTQCNOÉFWNQUGTGUVCDNGEGFGPVTQFGNRGTÃQFQRTQITCOCFQ
'NVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC
GNRGTÃQFQGPGNSWGFGDGTGUVCDNGEGTUGGN
XQNVCLGRCTCRQFGTCTTCPECTCWVQO±VKECOGPVGRWGFGCLWUVCTUGGPVTG[
UGIWPFQUQCN+PHKPKVQ5KGNVKGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKCUGGPEWGPVTC
CLWUVCFQCN+PHKPKVQGNEQORTGUQTXQNXGT±CCTTCPECTUKGORTGFGURW¾UFGWPC
KPVGTTWREKÉPFGNXQNVCLGKPFGRGPFKGPVGOGPVGFGNQSWGUGVCTFGGPTGUVCDNGEGTNQ
6CODK¾PGURQUKDNGRTQITCOCTWPTGVTCUQFGTGCTTCPSWGJCEKGPFQSWGXWGNXCPC
CTTCPECTRQTGLGORNQFQUEQORTGUQTGUFGHQTOCEQPUGEWVKXC



 2CPGNFGEQPVTQN
4GIWNCFQT'NGMVTQPKMQP
2CTVGU[HWPEKQPGU
4GHGTGPEKC &GUKIPCEKÉP
 $QVÉPFGCTTCPSWG
UG
 &KURNC[
 6GENCUFGFGURNC\COKGPVQ
 6GENCFGVCDWNCEKÉP
 6GENCUFGHWPEKÉP
 .'&FGXQNVCLGEQPGEVCFQ
 .'&FGCNCTOCIGPGTCN
 .'&FGCNCTOCIGPGTCN
 .'&FGHWPEKQPCOKGPVQCWVQO±VKEQ +PFKECSWGGNTGIWNCFQTGUV±EQPVTQNCPFQGN
EQORTGUQTCWVQO±VKECOGPVG
 $QVÉPFGRCTCFC
'NEQORTGUQTUGRCTCT±FGURW¾UFGHWPEKQPCT
5 $QVÉPFGRCTCFCFGGOGTIGPEKC

/CPWCNFGKPUVTWEEKQPGU
(WPEKÉP
$QVÉPRCTCCTTCPECTGNEQORTGUQT'N.'&
GPEKGPFGRCTCKPFKECTSWGGNTGIWNCFQT
'NGMVTQPKMQPGUV±QRGTCVKXQ
/WGUVTCOGPUCLGUUQDTGGNGUVCFQFG
HWPEKQPCOKGPVQFGNEQORTGUQTNCPGEGUKFCFFG
UGTXKEKQQWPHCNNQ
6GENCURCTCFGURNC\CTUGJCEKCCTTKDCQCDCLQRQTGN
FKURNC[
6GENCRCTCUGNGEEKQPCTGNRCT±OGVTQKPFKECFQRQTNC
HNGEJCJQTK\QPVCN5QNCOGPVGRWGFGPOQFKHKECTUG
NQURCT±OGVTQUUGIWKFQUFGWPCHNGEJCSWGUGÇCNG
CNCFGTGEJC
6GENCURCTCIQDGTPCT[RTQITCOCTGNEQORTGUQT
+PFKECSWGGUV±EQPGEVCFQGNXQNVCLG
'UV±GPEGPFKFQUKGZKUVGWPGUVCFQFGCXKUQCXKUQ
FGUGTXKEKQQCXKUQFGRCTCFCFGCNCTOC
2CTRCFGCUKGZKUVGWPCEQPFKEKÉPFGRCTCFCFG
CNCTOCUKUGJCTQVQWPUGPUQTKORQTVCPVGQ
FGURW¾UFGWPCRCTCFCFGGOGTIGPEKC
$QVÉPRCTCRCTCTGNEQORTGUQT5GCRCICGN.'&
GPFGUECTICWPQUUGIWPFQU
2WNUCFQTRCTCRCTCTGNEQORTGUQTCNKPUVCPVGGP
ECUQFGGOGTIGPEKC&GURW¾UFGUQNWEKQPCTNC
CXGTÃCNKDGTGGNDQVÉPVKTCPFQFG¾N
/CPWCNFGKPUVTWEEKQPGU

 6GENCUFGHWPEKÉP

2CPGNFGEQPVTQN

6GENCUFGHWPEKÉP
.CUVGENCU
UGWUCPRCTC
Ő %CTICTFGUECTICTGNEQORTGUQTCOCPQ
Ő +PXQECTQRTQITCOCTCLWUVGU
Ő 4GCTOCTWPCPQVKEKCFGUQDTGECTICFGNOQVQTRCTCFCFGCNCTOCQUGTXKEKQQWPCRCTCFCFG
GOGTIGPEKC
Ő #EEGFGTCVQFQUNQUFCVQUTGEQIKFQURQTGNTGIWNCFQT
.CUHWPEKQPGUFGNCUVGENCUXCTÃCPUGIÐPGNOGPÐSWGUGOWGUVTC.CHWPEKÉPTGCNUGKPFKECLWUVQGPEKOC
FGNCVGENCEQTTGURQPFKGPVG#EQPVKPWCEKÉPUGEKVCPNCUHWPEKQPGUO±UEQOWPGU

&GUKIPCEKÉP (WPEKÉP
#ÇCF #ÇCFGEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
FÃCJQTC
#VT± 8WGNXGCWPCQREKÉPQWPOGPÐSWGUGJCOQUVTCFQCPVGU
%CPE %CPEGNCWPCLWUVGRTQITCOCFQCNRTQITCOCTRCT±OGVTQU
ň$QTTʼn $QTTCEQOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
#[WF 8CCNCFKTGEEKÉPFG#VNCU%QREQGP+PVGTPGV
ň.ÃOʼn /WGUVTCNQUNÃOKVGURCTCWPCLWUVGRTQITCOCDNG
%CTI %CTICTGNEQORTGUQTCOCPQ
2TKP 8QNXGTFGUFGWPOGPÐCNCRCPVCNNCRTKPEKRCN
/GPÐ 'ORG\CPFQFGUFGNCRCPVCNNCRTKPEKRCNQDVKGPGCEEGUQCNQUUWDOGPÐU
/GPÐ 'ORG\CPFQFGUFGWPUWDOGPÐXWGNXGCWPOGPÐCPVGTKQT
ň/QFʼn /QFKHKECCLWUVGURTQITCOCDNGU
2TQI 2TQITCOCCLWUVGUOQFKHKECFQU
4GCT 4GCTOCWPVGORQTK\CFQTQWPOGPUCLG
8NXT 8WGNXGCWPCQREKÉPQWPOGPÐSWGUGJCOQUVTCFQCPVGU
&GUE &GUECTICTGNEQORTGUQTCOCPQ
'ZVT 'PEQPVTCTNCEQPHKIWTCEKÉPFGNOÉFWNQFGNTGIWNCFQT


 /CPWCNFGKPUVTWEEKQPGU

 6GENCUFGFGURNC\COKGPVQ

2CPGNFGEQPVTQN

.CUVGENCU
RGTOKVGPSWGGNWUWCTKQUGFGURNCEGRQTGNFKURNC[
/KGPVTCUUGOWGUVTGGPNCRQUKEKÉPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGÇCNGJCEKCCDCLQRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUÃODQNQRCTCFGURNC\CTUGCNEQORQPGPVGUKIWKGPVG
/KGPVTCUUGOWGUVTGGPNCRQUKEKÉPFGTGEJCFGNFKURNC[WPCHNGEJCSWGUGÇCNGJCEKCCTTKDCRWGFGWUCTUG
NCVGENCFGFGURNC\COKGPVQEQPGNOKUOQUÃODQNQRCTCFGURNC\CTUGCNEQORQPGPVGCPVGTKQT

 $QVÉPFGRCTCFCFGGOGTIGPEKC

2CPGNFGEQPVTQN

2CTCRCTCTGNEQORTGUQTKPOGFKCVCOGPVGGPECUQFGGOGTIGPEKCRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC

5

#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKÉPGURGTGJCUVCSWGJC[CRCTCFQGN
EQORTGUQT[CDTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKÉPFGNENKGPVGRCTCFGUEQPGEVCTGN
XQNVCLGCNEQORTGUQT
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCUX±NXWNCUFGFTGPCLGOCPWCNFGEQPFGPUCFQ
RCTCFGURTGUWTK\CTGNUKUVGOCFGCKTG
*C[SWGCRNKECTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU


/CPWCNFGKPUVTWEEKQPGU

 2TQITCOCUFGEQPVTQN

&GUETKREKÉP
#HKPFGHCEKNKVCTNCRTQITCOCEKÉP[GNEQPVTQNUGJCPKORNGOGPVCFQRTQITCOCUFGEQPVTQNOCPFCFQURQT
OGPÐUGPGNTGIWNCFQT

(NWLQFGOGPÐUFG)#C)#%
UKORNKHKECFQ


 /CPWCNFGKPUVTWEEKQPGU

(NWLQFGOGPÐUFG)#C)#%9QTMRNCEG(WNN(GCVWTGEQPUGECFQT+(&
UKORNKHKECFQ


/CPWCNFGKPUVTWEEKQPGU

/GPÐRTKPEKRCN

2TQITCOCT (WPEKÉP
2CPVCNNCRTKPEKRCN /WGUVTCGPDTGXGGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT'UNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGU
&CVQUFGGUVCFQ +PXQECGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKÉPFGNEQORTGUQT
RCTCFCFG
CNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ4GCTOCWPC
RCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKÉPFGUGTXKEKQ
&CVQUOGFKFQU +PXQECNQUFCVQUCEVWCNOGPVGOGFKFQU[GNGUVCFQFGWPCUGTKGFGGPVTCFCU
%QPVCFQTGU +PXQECNCUJQTCUFGHWPEKQPCOKGPVQJQTCUGPECTICJQTCUFGNTGIWNCFQT

OÉFWNQ[PÐOGTQFGCTTCPSWGUFGNOQVQT
'PUC[Q 2TQDCTRCPVCNNC
/QFKHKECTRCT±OGVTQU /QFKHKECNQUCLWUVGUFG
Ő 2CT±OGVTQU
RGLRTGUKQPGUFGECTIC[FGUECTIC
Ő 2TQVGEEKQPGU
RGLPKXGNFGRCTCFCFGCNCTOCRCTCVGORGTCVWTC
Ő 2NCPGUFGUGTXKEKQ
VGORQTK\CFQTGURCTCRNCPGUFGUGTXKEKQ
Ő (WPEKQPGUFGTGNQL
OCPFQUFGCTTCPSWGRCTCFCDCPFCFGRTGUKÉP
CWVQO±VKEQUFGNEQORTGUQT
Ő %QPHKIWTCEKÉP
JQTCHGEJCKFKQOCFGXKUWCNK\CEKÉP
5GTXKEKQ +PXQECRNCPGUFGUGTXKEKQ[TGCTOCNQUVGORQTK\CFQTGUFGURW¾UFGNNGXCTC
ECDQNCUCEEKQPGUFGUGTXKEKQRGTVGPGEKGPVGUCWPRNCP
&CVQUIWCTFCFQU +PXQECNQUFCVQUIWCTFCFQUFCVQUFGÐNVKOCRCTCFCFGCNCTOCÐNVKOCRCTCFC
FGGOGTIGPEKC

 /GPÐ2CPVCNNCRTKPEKRCN

(WPEKÉP

2CPGNFGEQPVTQN

'NOGPÐFGNCRCPVCNNCRTKPEKRCNOWGUVTCGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT[HQTOCNCRWGTVCFG
GPVTCFCCVQFCUNCUHWPEKQPGUKORNGOGPVCFCUGPGNTGIWNCFQT

2TQEGFKOKGPVQ
.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQO±VKECOGPVGCNEQPGEVCTNCEQTTKGPVG
5KPQUGWUCPPKNCUVGENCUFGHWPEKÉPPKNCUVGENCUEQPHNGEJC
[FWTCPVGCNIWPQUOKPWVQUGN
TGIWNCFQTXQNXGT±CWVQO±VKECOGPVGCNC2CPVCNNCRTKPEKRCN


 /CPWCNFGKPUVTWEEKQPGU

5KGORTGSWGCRCTG\ECGPNCRCPVCNNCFGWPUWDOGPÐRWNUGNCVGENC 2TKP 
(RCTCXQNXGTCNC2CPVCNNC
RTKPEKRCN
'LGORNQFG2CPVCNNCRTKPEKRCN

ň%QORTGUUQT1WVʼn
5CNKFC
EQORTGU 
DCT 
ň#WVQO±VETIFQʼn
/GPÐ ň7PNQCFʼn
&GUE 
( ( (

'NFKURNC[KPFKEC
Ő .CFGUKIPCEKÉPFGNUGPUQT[NCKPFKECEKÉPCEVWCN
Ő 0QVKEKCUFGNGUVCFQFGHWPEKQPCOKGPVQFGNEQORTGUQT
Ő ,WUVQGPEKOCFGNCUVGENCUFGHWPEKÉP
NCHWPEKÉPCEVWCNFGFKEJCUVGENCU

 +PXQECEKÉPFGOGPÐU

&GUETKREKÉP

2CPGNFGEQPVTQN

.CRCPVCNNCRTKPEKRCNCRCTGEGCWVQO±VKECOGPVGCNEQPGEVCTUGGNXQNVCLG

ň%QORTGUUQT1WVʼn
5CNKFC
EQORTGU 
DCT 
ň#WVQO±VETIFQʼn
/GPÐ &GUE
( ( (

.CVGENCEQPHNGEJCCDCLQ
UGRWGFGWVKNK\CTRCTCWPCEQPUWNVCT±RKFCFGNCUKVWCEKÉPCEVWCNFGN
EQORTGUQT
&GURW¾UFGRWNUCTNCVGENC /GPÐ 
(NCQREKÉP &CVQUFGGUVCFQ CRCTGEGT±UGIWKFCFGWPCHNGEJC
JQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGUVGOGPÐ


/CPWCNFGKPUVTWEEKQPGU

Ő 1DKGPWVKNKEGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGGNUWDOGPÐFGUGCFQXC[CUGIWKFQFGWPCHNGEJC
JQTK\QPVCN[CEQPVKPWCEKÉPRWNUGNCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGUVGOGPÐ

 /GPÐ&CVQUFGGUVCFQ

#XKUQ

#PVGUFGGORG\CTGNOCPVGPKOKGPVQQTGRCTCEKÉPRWNUGGNDQVÉPFGRCTCFC

GURGTGJCUVCSWGJC[CRCTCFQGNEQORTGUQTRWNUGGNDQVÉPTQLQFGRCTCFCFG
GOGTIGPEKC[CDTCGNKPVGTTWRVQTUGRCTCFQT
KPUVCNCEKÉPFGNENKGPVGRCTCFGUEQPGEVCT
GNXQNVCLGCNEQORTGUQT
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGURTGUWTKEGGNUKUVGOCFGCKTG

(WPEKÉP

2CPGNFGEQPVTQN

'NUWDOGPÐFG&CVQUFGGUVCFQFCKPHQTOCEKÉPUQDTGGNGUVCFQFGNCUHWPEKQPGUFGRTQVGEEKÉPFGN
EQORTGUQT
RCTCFCFGCNCTOCCXKUQFGRCTCFCFGCNCTOCCXKUQFGUGTXKEKQ[CXKUQ[RGTOKVGSWGUG
TGCTOGWPCRCTCFCFGCNCTOCUQDTGECTICFGNOQVQT[EQPFKEKÉPFGUGTXKEKQ

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
(NCQREKÉP &CVQUFGGUVCFQ UGT±UGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP


0QGZKUVGPQVKEKC
Ő 'N.'&
FGCNCTOCIGPGTCNGUV±CRCICFQ[NCPQVKEKCGPGNFKURNC[KPFKECSWGVQFCUNCUEQPFKEKQPGU
UQPPQTOCNGU

ň6QFCUNCUEQPFEUQP1-ʼn


/GPÐ
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 /CPWCNFGKPUVTWEEKQPGU

'ZKUVGWPOGPUCLGFGRCTCFCFGCNCTOC
Ő 'PECUQFGRCTCFCFGCNCTOCFGNEQORTGUQTRCTRCFGCT±GN.'&

Ő 'PECUQFGWPCRCTCFCFGCNCTOCFGDKFQCWPCVGORGTCVWTCFGOCUKCFQCNVCGPNCUCNKFCFGNGNGOGPVQ
EQORTGUQT

5CNKFCGNGOGPVQ
u% 
ň2TFʼn ň/CZʼn 
ň/GPÐʼn ň4GCTʼn
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Ő .QUKPFKECFQTGU
RCTRCFGCP.CRCPVCNNCOWGUVTCNCNGEVWTCCEVWCN
u%GNSWGGNEQORTGUQT
UGGPEWGPVTGRCTCFQ
2TF [GNCLWUVGFGRCTCFC
u%
Ő 5KIWGUKGPFQRQUKDNGFGURNC\CTUGRQTQVTQUOGPÐURGLRCTCEQORTQDCTNQUXCNQTGUFGQVTQU
RCT±OGVTQU
#NXQNXGTCNOGPÐFG &CVQUFGGUVCFQ RCTRCFGCT±NCQREKÉP 2CTCFCU &KEJCQREKÉPRWGFG
UGNGEEKQPCTUGRWNUCPFQNCVGENCFGVCDWNCEKÉP
RCTCXQNXGTCNCRCPVCNNCFGRCTCFCFGCTTKDC

4GCTOGFGRCTCFCFGCNCTOC
Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCUQNWEKQPCTNCCXGTÃC&GURW¾UFGTGOGFKCT
[FGUCRCTGEKFCNCEQPFKEKÉPFGRCTCFCFGCNCTOCEQPGEVGGNXQNVCLG[RWNUGNCVGENC 4GCT 
(
Ő 2WNUGNCUVGENCU /GPÐ [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVÉPFGCTTCPSWG


4GCTOGFGUQDTGECTICFGNOQVQT
Ő &GUEQPGEVGGNXQNVCLG[JCICNCUIGUVKQPGUPGEGUCTKCURCTCTGOGFKCTNCCXGTÃC'NTGN¾FGUQDTGECTIC

([GNFKU[WPVQTFGNXGPVKNCFQT
3FGDGPTGUVCDNGEGTUGOCPWCNOGPVG%QPGEVGGNXQNVCLG[
RWNUGNCVGENCŋ4GCTŌ
(
Ő 2WNUGNCUVGENCU /GPÐ [ 2TKP RCTCXQNXGTCNC2CPVCNNCRTKPEKRCN[TGCTTCPSWGGNEQORTGUQTRQTOGFKQ
FGNDQVÉPFGCTTCPSWG


'ZKUVGWPOGPUCLGFGCXKUQFGRCTCFCFGCNCTOC
7PPKXGNFGCXKUQFGRCTCFCFGCNCTOCGUWPPKXGNRTQITCOCDNGDCLQGNPKXGNFGRCTCFCFGCNCTOC
Ő 5KGZKUVGWPCXKUQFGRCTCFCFGCNCTOCGUV±GPEGPFKFQGN.'&
.CRCPVCNNCRTKPEKRCNUGECODKCT±C
WPCRCPVCNNCRCTGEKFCCNCSWGUKIWG

ň%QORTGUUQT1WVʼn
5CNKFC
EQORTGU 
DCT 
ň2CTQʼn ň#XKUQʼn
ň/GPÐʼn ň&GUEʼn
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/CPWCNFGKPUVTWEEKQPGU

Ő .QUKPFKECFQTGU
RCTRCFGCP.QUKPFKECFQTGU 2CTQ  #XKUQ CRCTGEGPCNVGTPCFCOGPVGEQPNCU
PQVKEKCUSWGKPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC
Ő 2WNUGNCVGENC /GPÐ 
([NCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGNOGPÐFG &CVQUFGGUVCFQ 
RCTRCFGCNCQREKÉP 2TQVGEEKÉP 
Ő &GURN±EGUGCFKEJCQREKÉP[UGNGEEKÉPGNCRWNUCPFQNCVGENCFGVCDWNCEKÉP
#RCTGEGWPCRCPVCNNC
RCTGEKFCCNCSWGUGOWGUVTCCDCLQ

5CNKFCFGGNGOGPVQ
u%
ň2CTʼn ň/CZʼn 
ň/GPÐʼn 
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Ő .CRCPVCNNCKPFKECSWGNCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQTGZEGFGGNPKXGNFGCXKUQFG
RCTCFCFGCNCTOCRTQITCOCFQ
Ő 5KGURTGEKUQRCTGGNEQORTGUQTRQTOGFKQFGNDQVÉPFGRCTCFC
[GURGTGJCUVCSWGUGRCTG
GHGEVKXCOGPVG
Ő &GUEQPGEVGGNXQNVCLGTGXKUG[TGCNKEGNCUQRGTCEKQPGUPGEGUCTKCU
Ő 'NOGPUCLGFGCXKUQFGUCRCTGEGT±CWVQO±VKECOGPVGGPEWCPVQFGUCRCTG\ECNCEQPFKEKÉPFGCXKUQ

'ZKUVGWPCXKUQFGUGTXKEKQ
Ő 'N.'&GUV±GPEGPFKFQ
.CRCPVCNNCRTKPEKRCNUGECODKCT±CWPCRCPVCNNCRCTGEKFCCNCSWGUKIWG

ň%QORTGUUQT1WVʼn
5CNKFC
EQORTGU 
DCT
ň5GTX4GSWKTʼn
5GTXTGSWGT 
ň/GPÐʼn ň&GUEʼn
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Ő .QUKPFKECFQTGU
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PQVKEKCUSWGKPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC
Ő 2WNUGNCVGENC /GPÐ 
([NCVGENCFGVCDWNCEKÉP
RCTCUGNGEEKQPCTGNOGPÐFG &CVQUFGGUVCFQ 
RCTRCFGCNCQREKÉP 5GTXKEKQ 
Ő &GURN±EGUGCFKEJCQREKÉP[UGNGEEKÉPGNCRWNUCPFQNCVGENCFGVCDWNCEKÉP
RWGFGSWGRCTRCFGGP
FQUQREKQPGU
Ő 'PVTCFCU UKUGGZEGFGGNPKXGNFGUGTXKEKQRTQITCOCFQFGWPEQORQPGPVG
RGLNCECÃFCFG
RTGUKÉPO±ZKOCFGNUGRCTCFQTFGCEGKVG
Ő 2NCPGU UKUGGZEGFGGNKPVGTXCNQFGWPRNCPFGUGTXKEKQ
Ő 2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG
Ő 5KNCPQVKEKCFGUGTXKEKQUGTGHKTKÉC 'PVTCFCU 
UGRCTCFQTFGCEGKVGTGGORNCEGGNUGRCTCFQTEQPGEVG
GNXQNVCLGFGURN±EGUGGPGNOGPÐFG&CVQUFGGUVCFQC 'PVTCFCU [RWNUGNCVGENC 4GCT RCTCTGCTOCT
NCPQVKEKCFGUGTXKEKQ
Ő 5KGNCXKUQFGUGTXKEKQJCEÃCTGHGTGPEKCC 2NCP TGCNKEGNCUCEEKQPGUFGUGTXKEKQTGNCVKXCUCNQURNCPGU
KPFKECFQU4GCTOGNQUVGORQTK\CFQTGUFGNQURNCPGUEQTTGURQPFKGPVGU2ÉPICUGGPEQPVCEVQEQPGN
%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQ%QPUWNVGNCUGEEKÉP/GPÐ5GTXKEKQ


 /CPWCNFGKPUVTWEEKQPGU

'ZKUVGWPCPQVKEKCFGCXKUQ
Ő 'UV±GPEGPFKFQGN.'&
[CRCTGEGT±GPNCRCPVCNNCWPOGPUCLGFGCXKUQ
Ő .QUKPFKECFQTGU
RCTRCFGCP[NCPQVKEKCFGCXKUQCRCTGEGCNVGTPCFCOGPVGEQPNCUPQVKEKCUSWG
KPFKECPUKGNEQORTGUQTOCTEJCGPFGUECTICQECTIC'UVGCXKUQKPFKEC
Ő 'PEQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NCVGORGTCVWTCFGNRWPVQFGTQEÃQGUFGOCUKCFQCNVC
GPTGNCEKÉPEQPNCVGORGTCVWTCCODKGPVG
Ő 2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG+PURGEEKQPGGNEQORTGUQT[UQNWEKQPG

 /GPÐ&CVQUOGFKFQU

2CPGNFGEQPVTQN

(WPEKÉP
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2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
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Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWG &CVQUOGFKFQU CRCTG\ECUGIWKFQFGWPCHNGEJC
JQTK\QPVCN
Ő #EVKXGGNOGPÐRWNUCPFQNCVGENCFGVCDWNCEKÉP

Ő #NRWNUCTNCUVGENCUFGFGURNC\COKGPVQ
GPEQPVTCT±WPPÐOGTQFGFCVQUCEVWCNOGPVGOGFKFQU
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KPXQECTVCPVQGNXCNQTCEVWCNOGPVGOGFKFQEQOQGNPKXGNEQTTGURQPFKGPVGFGRCTCFCFGCNCTOCCXKUQ
QUGTXKEKQEQPVCPUÉNQRWNUCTNCVGENC



/CPWCNFGKPUVTWEEKQPGU

 /GPÐ%QPVCFQTGU

2CPGNFGEQPVTQN

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2CTCKPXQECT
Ő .CUJQTCUFGHWPEKQPCOKGPVQ
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Ő 'NPÐOGTQFGJQTCUSWGGNTGIWNCFQT
OÉFWNQJCGUVCFQDCLQVGPUKÉP
Ő 'NPÐOGTQFGEKENQUFGECTIC

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
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Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGNCQREKÉP %QPVCFQTGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
RCTCCEVKXCTGNOGPÐ
Ő #NRWNUCTNCVGENCEQPHNGEJC
UGRWGFGPGPEQPVTCTNQUFCVQUOGPEKQPCFQUCPVGTKQTOGPVG

'LGORNQFGWPCRCPVCNNC%QPVCFQTGU

ň*QTCU(PEVQʼn
ňJTUʼn ňJTUʼn


ň/GPÐʼn
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 /CPWCNFGKPUVTWEEKQPGU

 /GPÐ2TWGDC

2CPGNFGEQPVTQN

(WPEKÉP
.NGXCTCECDQWPCRTWGDCFGFKURNC[GUFGEKTEQORTQDCTUKGNFKURNC[[NQU.'&UKIWGPKPVCEVQU
2CTCEQORTGUQTGUEQP'9&
FKURQUKVKXQUFGFTGPCLGGNGEVTÉPKEQEQORTQDCTGN'9&

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
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Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGNCQREKÉP 2TWGDC XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő #EVKXGGNOGPÐRWNUCPFQNCVGENCFGVCDWNCEKÉP

Ő .CQREKÉP 2TQDCTRCPVCNNC UGT±UGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő 2CTCRTQDCTGNFKURNC[RWNUGNCVGENC
&WTCPVGNCRTWGDCGNTGIWNCFQTIGPGTCT±WPCUGTKGFG
RCVTQPGUGPGNFKURNC[SWGRGTOKVGPCNWUWCTKQEQORTQDCTSWGECFCRÃZGNHWPEKQPCCÐPFGHQTOC
PQTOCNNQU.'&UGGPEKGPFGPCNCXG\
Ő 2CTCRTQDCTNQUFKURQUKVKXQUGNGEVTÉPKEQUFGFTGPCLGFGCIWCRWNUGNCVGENCEQPHNGEJCCDCLQJCUVCSWG
NCQREKÉP 2WTICGNGEVTÉP CRCTG\ECUGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
RCTCCEVKXCTGNOGPÐ
Ő 2WNUGNCVGENC #TTCPSWG 8GTKHKSWGSWGUGCDTGNCX±NXWNCRCTCFGUECTICTEQPFGPUCFQ5WGNVGNCVGENC
#TTCPSWG FGURW¾UFGNCRTWGDC
Ő 2WNUGNCVGENC #VT± RCTCXQNXGTCNOGPÐCPVGTKQT
Ő 2WNUGNCVGENC /GPÐ 
(RCTCXQNXGTCNUWDOGPÐ

 /GPÐ/QFKHKECEKÉPFGRCT±OGVTQU

(WPEKÉP
/QFKHKECTWPPÐOGTQFGCLWUVGURTQITCOCDNGU
Ő 2CT±OGVTQU
X¾CUGNCUGEEKÉP/QFKHKECTRCT±OGVTQU
Ő 2TQVGEEKQPGU
X¾CUGNCUGEEKÉP/QFKHKECTRTQVGEEKQPGU
Ő #LWUVGUFGRNCPGUFGUGTXKEKQ
X¾CUGNCUGEEKÉP/QFKHKECTNQUCLWUVGUFGRNCPGUUGTXKEKQ


/CPWCNFGKPUVTWEEKQPGU

Ő #LWUVGUFGNCHWPEKÉPFGTGNQL
X¾CUGNCUGEEKÉP/QFKHKECTNQUCLWUVGUFGNCHWPEKÉPFGTGNQL
Ő #LWUVGUFGEQPHKIWTCEKÉP
X¾CUGNCUGEEKÉP/QFKHKECTNQUCLWUVGUFGEQPHKIWTCEKÉP

 /QFKHKECEKÉPFGRCT±OGVTQU

2CPGNFGEQPVTQN

(WPEKÉP
/QFKHKECTWPPÐOGTQFGRCT±OGVTQU%QPUWNVGGNHNWLQFGOGPÐUGPNCUGEEKÉP2TQITCOCUFGEQPVTQN

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
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Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWG /QFKHKERCT±OGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő #EVKXGGNOGPÐRWNUCPFQNCVGENCFGVCDWNCEKÉP

Ő 'NRTKOGTEQORQPGPVG 2CT±OGVTQU CRCTGEGT±UGIWKFQFGWPCHNGEJCJQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
UGOQUVTCT±PGNRTKOGTEQORQPGPVG 2TGUKÉPECTIC [UWCLWUVG
Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGGNRCT±OGVTQSWGUGXCCOQFKHKECTCRCTG\ECUGIWKFQFG
WPCHNGEJCJQTK\QPVCN

/QFKHKECTRTGUKQPGUFGECTIC[FGUECTIC
5KCUÃUGFGUGCGNQRGTCFQTRWGFGRTQITCOCTFQUDCPFCUFGRTGUKÉP
DCPFC[DCPFCEQPRTGUKQPGU
FGECTIC[FGUECTICFKHGTGPVGU.QUCLWUVGURCTCNCDCPFCXCPKPFKECFQU 2TGUKÉPECTIC [ 2TGUKÉP
FGUECTI NQUCLWUVGURCTCNCDCPFCXCPKPFKECFQU 2TGUECTIC [ 2TGUFGUECTIC 
'LGORNQ
2CTCNCDCPFCFGRTGUKÉP
Ő 2TGUKÉPFGECTICDCT
Ő 2TGUKÉPFGFGUECTICDCT
2CTCNCDCPFCFGRTGUKÉP
Ő 2TGUKÉPFGECTICDCT
Ő 2TGUKÉPFGFGUECTICDCT
2TQEGFKOKGPVQ


 /CPWCNFGKPUVTWEEKQPGU

Ő %QPUWNVGNCUGEEKÉP2TQEGFKOKGPVQCPVGTKQTRCTCUGNGEEKQPCTNC 2TGUKÉPECTIC 

2TGUKÉPFGECTIC
DCT 

/GPÐ /QF
( ( (

Ő .CRCPVCNNCKPFKECSWGGNCLWUVGEQTTKGPVGGUFGDCT
G2CTCOQFKHKECTGNCLWUVGRWNUGNCVGENC
/QF 
(RCTRCFGCT±GNCLWUVG
Ő %QPC[WFCFGNCVGENC .ÃO 
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCT±OGVTQ
Ő %CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ

Ő 2WNUGNCVGENC 2TQI 
(RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE 
(RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKÉP
Ő 'NRTQEGFKOKGPVQRCTCOQFKHKECTNC2TGUKÉPFGFGUECTICGURCTGEKFQ
Ő 5KGUPGEGUCTKQTGRKVCGNRTQEGFKOKGPVQRCTCNCDCPFCFGRTGUKÉP
Ő 'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQURCT±OGVTQUGURCTGEKFQ

'NTGIWNCFQTUGPGICT±CCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNÃOKVGU2WNUGNCVGENC .KO 
RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCT±OGVTQ%QPUWNVG#LWUVGURTQITCOCDNGURCTC
EQPQEGTNQUCLWUVGUO±UKORQTVCPVGU

 /QFKHKECEKÉPFGNQUCLWUVGUFGRTQVGEEKÉP

2CPGNFGEQPVTQN

(WPEKÉP
/QFKHKECTCLWUVGUFGRTQVGEEKÉP
Ő 2CTCFCFGCNCTOC
2TF RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQEQORTGUQT
Ő #XKUQFGRCTCFCFGCNCTOC
2TFC RQTGLGORNQRCTCNCVGORGTCVWTCFGUCNKFCFGNGNGOGPVQ
EQORTGUQT
Ő #XKUQFGUGTXKEKQ
5GTX RQTGLGORNQRCTCNCECÃFCFGRTGUKÉPO±ZKOCUQDTGGNUGRCTCFQTFGCEGKVG


/CPWCNFGKPUVTWEEKQPGU

%QORTQDCTCNIWPCUEQPFKEKQPGUFGNEQORTGUQTRGLGNGUVCFQFGNQUEQPVCEVQUFGUQDTGECTICFGNOQVQT
#NIWPQURCT±OGVTQUPQRWGFGPOQFKHKECTUG

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
X¾CUGGNOGPÐFG2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
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JCUVCSWG /QFKHKERCT±OGV XC[CUGIWKFCFGWPCHNGEJCJQTK\QPVCN
Ő #EVKXGGNOGPÐRWNUCPFQNCVGENCFGVCDWNCEKÉP

Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGNCQREKÉP 2TQVGEEKQPGU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
UGOQUVTCT±PGNRTKOGTEQORQPGPVG[UWCLWUVG
Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWGGNEQORQPGPVGSWGUGXCCOQFKHKECTXC[CUGIWKFQFG
WPCHNGEJCJQTK\QPVCN[CEQPVKPWCEKÉPRWNUGNCVGENCFGVCDWNCEKÉP


/QFKHKECTCLWUVGUFGVGORGTCVWTCFGNGNGOGPVQEQORTGUQT
Ő %QPUWNVGNCUGEEKÉP2TQEGFKOKGPVQRCTCUGNGEEKQPCTGNRCT±OGVTQ 5CNKFC'NGOGPVQ 'LGORNQ

5CNKFCGNGOGPVQ
u% 
5JF/CZ 
2TF/±Z  
/GPÐ /QF
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u%2CTC
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(GNCLWUVGRCTRCFGCT±
Ő %QPC[WFCFGNCVGENC .ÃO 
(UGRWGFGPGPEQPVTCTNCUNKOKVCEKQPGURCTCGNRCT±OGVTQ
Ő %CODKGGNCLWUVGEQPC[WFCFGNCUVGENCUFGFGURNC\COKGPVQ

Ő 2WNUGNCVGENC 2TQI 
(RCTCRTQITCOCTGNPWGXQCLWUVGQNCVGENC %CPE 
(RCTCECPEGNCTGN
RTQEGFKOKGPVQFGOQFKHKECEKÉP
Ő .CRCPVCNNCOWGUVTCWPCHNGEJCJQTK\QPVCNSWGKPFKECSWGGNXCNQTFGNCXKUQFGRCTCFCFGCNCTOCRWGFG
OQFKHKECTUG
GNRTQEGFKOKGPVQGUUKOKNCTCNCFGUETKREKÉPCPVGTKQT
Ő 'NRTQEGFKOKGPVQRCTCOQFKHKECTQVTQUEQORQPGPVGUGURCTGEKFQ2CTCCNIWPQUCLWUVGUGURQUKDNG
RTQITCOCTWPTGVTCUQ

'NTGIWNCFQTUGPGICT±CCEGRVCTPWGXQUXCNQTGUHWGTCFGNQUNÃOKVGU2WNUGNCVGENC
.ÃO RCTCEQORTQDCTNCUNKOKVCEKQPGUFGNRCT±OGVTQ%QPUWNVG#LWUVGURTQITCOCDNGU
RCTCEQPQEGTNQUCLWUVGUO±UKORQTVCPVGU


 /CPWCNFGKPUVTWEEKQPGU

 /QFKHKECEKÉPFGRNCPGUFGUGTXKEKQ

2CPGNFGEQPVTQN

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/QFKHKECTNQUKPVGTXCNQUFGJQTCURCTCNQUPKXGNGUFGUGTXKEKQ

2NCPGUFGUGTXKEKQ
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$%Q&#NCNECP\CTWPKPVGTXCNQCRCTGEGT±WPCPQVKEKCGPNCRCPVCNNCSWGKPFKECSW¾2NCPGUFGUGTXKEKQ
FGDGPTGCNK\CTUG

%QPUWNVGUKGORTGCN%GPVTQFG5GTXKEKQCN%NKGPVGFG#VNCU%QREQRCTCOQFKHKECTGN
CLWUVGFGWPVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGTNQUKPFKECFQUCDCLQ[
FGDGPEQKPEKFKTNÉIKECOGPVG

+PVGTXCNQURTQITCOCFQUFGRNCPGUFGUGTXKEKQ

2NCPGUFGUGTXKEKQ
2NCPFGUGTXKEKQ#
2NCPFGUGTXKEKQ$
2NCPFGUGTXKEKQ%
2NCPFGUGTXKEKQ&
+PVGTXCNQU
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%CFCJQTCUFGHWPEKQPCOKGPVQ
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Ő .CRCPVCNNCOWGUVTCSWGNQUUKIWKGPVGURNCPGUFGUGTXKEKQSWGFGDGPTGCNK\CTUGUQPNQURNCPGU#$[%
[SWGFGDGPTGCNK\CTUGECFCJQTCUFGHWPEKQPCOKGPVQ
Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
RCTCEQPQEGTSW¾RNCPGUFGUGTXKEKQUGTGCNK\CTQPCPVGTKQTOGPVG
CRCTGEGT±NCRCPVCNNCUKIWKGPVG


 /CPWCNFGKPUVTWEEKQPGU

ň6GORQTCPVGTKQTʼn
ň0KXGNʼn #$
ňJTUʼn 

( ( (

Ő .CRCPVCNNCOWGUVTCSWGNQURNCPGUFGUGTXKEKQ#[$UGTGCNK\CTQPCNCUJQTCUFG
HWPEKQPCOKGPVQ
Ő 2CTGGNEQORTGUQTFGUEQPGEVGGNXQNVCLG[NNGXGCECDQNCUCEEKQPGUFGUGTXKEKQTGNCEKQPCFQUEQPNQU
RNCPGU#$[%EQPUWNVGNCUGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
Ő %QPGEVGNCCNKOGPVCEKÉP[FGURN±EGUGCNCRCPVCNNCFGUGTXKEKQ 5KIWKGVGORQTK\ 
Ő 2WNUGGNDQVÉP 4GCT
(%QPHKTOGNCRTGIWPVCFGTGCTOCT

'NDQVÉP 4GCT UÉNQCRCTGEGEWCPFQUGJC[CCNECP\CFQECUKGNPKXGN 5KIWKGVGORQTK\ 

&GURW¾UFGRWNUCTNCVGENCEQPHNGEJCCDCLQGPNCRCPVCNNC 6GORQTUGTXKEKQ UG

OWGUVTCPNCUJQTCUFG 8KFCÐVKN GUFGEKTGNPÐOGTQFGJQTCURCUCFCUFGUFGNC
RTQITCOCEKÉPKPKEKCNGPNCH±DTKEC'NVGORQTK\CFQTPQUGVQOCGPEWGPVC

 /GPÐ&CVQUIWCTFCFQU

2CPGNFGEQPVTQN

(WPEKÉP
+PXQECTCNIWPQUFCVQUFGNEQORTGUQTIWCTFCFQURQTGNTGIWNCFQT'UVQUFCVQUUQP
Ő &CVQUFGÐNVKOCRCTCFCFGCNCTOC
Ő &CVQUFGÐNVKOCRCTCFCFGGOGTIGPEKC

2TQEGFKOKGPVQ
'ORG\CPFQFGUFGNC2CPVCNNCRTKPEKRCN
Ő 2WNUGNCVGENC /GPÐ 
(
Ő 2WNUGNCVGENCEQPHNGEJCCDCLQ
JCUVCSWG &CVQUIWCTFCFQU XC[CUGIWKFCFGWPCHNGEJC
JQTK\QPVCN
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
RCTCCEVKXCTGNOGPÐ


/CPWCNFGKPUVTWEEKQPGU

Ő 5GOWGUVTCNCNKUVCFGNCUÐNVKOCURCTCFCUFGCNCTOC[GOGTIGPEKC
Ő &GURN±EGUGRQTNQUEQORQPGPVGU[UGNGEEKQPGGNEQORQPGPVGFGUGCFQFGRCTCFCFGCNCTOCQ
GOGTIGPEKC
Ő 2WNUGNCVGENCFGVCDWNCEKÉP
RCTCGPEQPVTCTNCHGEJCNCJQTC[QVTQUFCVQUSWGTGHNGLCPGNGUVCFQ
FGNEQORTGUQTFWTCPVGNCÐNVKOCRCTCFCFGCNCTOC

 #LWUVGURTQITCOCDNGURCTC)#C)#%

2CT±OGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#9QTMRNCEG

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
2TGUKQPGUFGFGUECTIC
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKQPGUFGECTIC
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
DCT


 /CPWCNFGKPUVTWEEKQPGU

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK

2CT±OGVTQURTGUKQPGUFGFGUECTICECTICRCTC)#9QTMRNCEG((EQP+(&

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
2TGUKQPGUFGFGUECTIC
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK


/CPWCNFGKPUVTWEEKQPGU

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGFGUECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKQPGUFGECTIC
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
DCT
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG DCT
G   
RUK
2TGUKÉPFGECTIC
EQORTGUQTGUFG RUKI   
RUK


 /CPWCNFGKPUVTWEEKQPGU

2CT±OGVTQU

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
6KGORQFGHWPEKQPCOKGPVQGPGUVTGNNCFGN UGI   
OQVQT
6KGORQFGTGVTCUQFGECTIC
GUVTGNNC UGI   
VTK±PIWNQ
0ÐOGTQFGCTTCPSWGUFGNOQVQT CTTCPSWGUFÃC   
6KGORQFGRCTCFCOÃPKOQ UGI  
6KGORQFGRCTCFCRTQITCOCFQ UGI   
6KGORQFGTGUVCDNGEKOKGPVQFGRQVGPEKC UGI   

#4#8(
4GVTCUQFGTGCTTCPSWG UGI   
6KGORQNÃOKVGFGEQOWPKECEKÉP UGI   

2TQVGEEKQPGU

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%  
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(  
EQORTGUQT
PKXGNFGCXKUQFGRCTCFCFG
CNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u%   
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC
6GORGTCVWTCFGUCNKFCFGNGNGOGPVQ u(   
EQORTGUQT
PKXGNFGRCTCFCFGCNCTOC

2CTC)#C)#% #LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG DCT  
RTGUKÉP
5GRCTCFQTFGCEGKVG
FKHGTGPEKCFG RUK  
RTGUKÉP
5GRCTCFQTFGCEGKVG
TGVTCUQCUGÇCN UGI   

2CTCEQORTGUQTGU(WNN(GCVWTGEQP+(& #LWUVG #LWUVGFG #LWUVG

VCODK¾P OÃPKOQ H±DTKEC O±ZKOQ
4GVTCUQCNCUGÇCN UGI   
4GVTCUQCNCTTCPSWG UGI   

2NCPFGUGTXKEKQ
%QPUWNVGVCODK¾PNCUGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ


/CPWCNFGKPUVTWEEKQPGU

%QPUWNVGC#VNCU%QREQUKJC[SWGECODKCTWPCLWUVGFGVGORQTK\CFQT.QUKPVGTXCNQUPQRWGFGPGZEGFGT
NQUKPVGTXCNQUPQOKPCNGU[FGDGPEQKPEKFKTNÉIKECOGPVG%QPUWNVGNCUGEEKÉP/QFKHKECEKÉPFG2NCPGUFG
UGTXKEKQ

#LWUVG #LWUVGFG #LWUVG

OÃPKOQ H±DTKEC O±ZKOQ
2NCPFGUGTXKEKQ#
JQTCUFG JQTCU 
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ$
JQTCUFG JQTCU 
HWPEKQPCOKGPVQ
2NCPFGUGTXKEKQ%
JQTCUFG JQTCU 
HWPEKQPCOKGPVQ

6GTOKPQNQIÃC

6¾TOKPQ +PVGTRTGVCEKÉP
#4#8( 4GCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLG%QPUWNVGNCUGEEKÉP
4GIWNCFQT'NGMVTQPKMQP++
6GORGTCVWTCFG 'NTGIWNCFQTUGPGICT±CCEGRVCTCLWUVGUKNÉIKEQURGLUKGNPKXGNFGCXKUQGUV±
UCNKFCFGN RTQITCOCFQCu%u(GNNÃOKVGOÃPKOQFGNPKXGNFGRCTCFCUGECODKCT±C
GNGOGPVQ u%u(.CFKHGTGPEKCTGEQOGPFCFCGPVTGGNPKXGNFGCXKUQ[GNPKXGNFGRCTCFC
EQORTGUQT FGCNCTOCGUFGu%u(
4GVTCUQCNC 'UGNRGTÃQFQFWTCPVGGNEWCNFGDGGZKUVKTNCUGÇCNCPVGUFGSWGUGRCTGGN
UGÇCNFGRCTCFC EQORTGUQT5KGUPGEGUCTKQSWGUGRTQITCOGGUVGCLWUVGCQVTQXCNQTEQPUWNVGC
FGCNCTOC #VNCU%QREQ
5GRCTCFQTFG 7VKNKEGÐPKECOGPVGUGRCTCFQTGUFGCEGKVGFG#VNCU%QREQ.CO±ZKOCFKHGTGPEKCFG
CEGKVG RTGUKÉPTGEQOGPFCFCGUFGDCTRUK
6KGORQFG 'UGNRGTÃQFQFWTCPVGGNEWCNFGDGTGUVCDNGEGTUGGNXQNVCLGRCTCXQNXGTCCTTCPECT
TGUVCDNGEKOKGPVQ CWVQO±VKECOGPVG#EEGUKDNGUKGUV±CEVKXCFQGNTGCTTCPSWGCWVQO±VKEQ%QPUWNVG
FGRQVGPEKC 4GIWNCFQT'NGMVTQPKMQP++2CTCCEVKXCTNCHWPEKÉPFGTGCTTCPSWGCWVQO±VKEQEQPUWNVG
#VNCU%QREQ
6KGORQFG 7PCXG\RCTCFQCWVQO±VKECOGPVGGNEQORTGUQTSWGFCT±RCTCFQRQTGNVKGORQ
RCTCFCOÃPKOQ OÃPKOQFGRCTCFC
UGIWPFQUCRTQZKOCFCOGPVGRCUGNQSWGRCUGEQPNCRTGUKÉP
FGNCTGFFGCKTG%QPUWNVGC#VNCU%QREQUKTGSWKGTGWPCLWUVGKPHGTKQTC
UGIWPFQU
2TGUKÉPFG 'NTGIWNCFQTPQCEGRVCT±CLWUVGUKNÉIKEQURGLUKNCRTGUKÉPFGFGUECTICGUV±
FGUECTICECTIC RTQITCOCFCCDCT
GRUKIGNNÃOKVGO±ZKOQFGNCRTGUKÉPFGECTICUG
ECODKCT±CDCT
GRUKI.COÃPKOCFKHGTGPEKCFGRTGUKÉPTGEQOGPFCFCGPVTG
ECTIC[FGUECTICGUFGDCTRUKI


 /CPWCNFGKPUVTWEEKQPGU

 5GRCTCFQTFGCEGKVGEQPFGPUCFQ15&

 7PKFCF15&

5GRCTCFQTGUFGCEGKVGEQPFGPUCFQ
'NCKTGEQORTKOKFQSWGUCNGFGNQUEQORTGUQTGUKP[GEVCFQUFGCEGKVGEQPVKGPGCEGKVG&WTCPVGNC
TGHTKIGTCEKÉPFGGUVGCKTGUGHQTOCEQPFGPUCFQSWGEQPVKGPGCEGKVG.QU15%GUV±PFKUGÇCFQURCTC
UGRCTCTNCOC[QTRCTVGFGGUVGCEGKVGFGNEQPFGPUCFQ[TGEQIGTNQGPWPEQNGEVQT'NEQPFGPUCFQEWORNG
VQFQUNQUTGSWKUKVQUFGNCNGIKUNCEKÉPOGFKQCODKGPVCN
5GRWGFGWVKNK\CTWP15&RCTCNQUOQFGNQUFGN)#CN)#%)#85&[)#85&

8KUVCIGPGTCNFG15&GLGORNQVÃRKEQ

4GHGTGPEKC &GUKIPCEKÉP
 4GEKRKGPVG
 /CPÉOGVTQHKNVTQ
 (KNVTQFGCEGKVG
 %QNGEVQTFGCEGKVG
 'PVTCFCFGEQPFGPUCFQ
 &RFGHKNVTQ
 5CNKFCFGEQPFGPUCFQNKORKQ
 5CNKFCFGCEGKVG
 %WDKGTVC


/CPWCNFGKPUVTWEEKQPGU

(WPEKQPCOKGPVQFG15&
'NEQPFGPUCFQSWGEQPVKGPGIQVCUFGCEGKVGRCUCRQTGNEQNCFQT
CVTCX¾UFGNHKNVTQ
GPGNSWGNCU
IQVCUUGWPGPHQTOCPFQIQVCUOC[QTGU'UVGCEGKVGUGEQPFWEGCNTGEKRKGPVGFGCIWC
FQPFGHNQVCC
ECWUCFGNCFKHGTGPEKCFGOCUCGURGEÃHKEC'NTGEKRKGPVGGUV±FQVCFQFGFQUUCNKFCUKPFGRGPFKGPVGUWPC
RCTCEQPFGPUCFQ
SWGUGFKTKIGCNGZVGTKQTFGNCECTTQEGTÃC[QVTCRCTCGNCEGKVGUGRCTCFQ
SWG
SWGFCCVTCRCFQGPGNEQNGEVQT


 +PUVCNCEKÉP

7DKECEKÉPFG15&

)#C)#%

2WPVQUFGFTGPCLGFGEQPFGPUCFQ

/QFGNQUFGN)#CN)#%[FGN)#85&CN)#85&

2TQEGFKOKGPVQ
 2CTGGNEQORTGUQT[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG&GUEQPGEVGGNXQNVCLG&GURTGUWTKEGGN
UKUVGOCFGUCNKFCFGCKTGCDTKGPFQNCX±NXWNCFGFTGPCLGOCPWCNFGEQPFGPUCFQ
&OEQPUWNVGNC
UGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNCWDKECEKÉPFGNCX±NXWNCFGFTGPCLG
 #HNQLGGNVWDQFGFTGPCLGFGEQPFGPUCFQFGNEQNGEVQTFGNEQORTGUQTFGUFGUWCEQRNCOKGPVQ
&C
 %QNQSWGGNMKVUGRCTCFQTEQOQUGOWGUVTC[HÃLGNQEQPRGTPQU

 (KLGGNUQRQTVG
EQPRGTPQU

 %QPGEVGGNVWDQFGFTGPCLGUWGNVQFGUFGGNRWPVQFGFTGPCLGFGEQPFGPUCFQ
&CJCUVCGNEQNCFQT

FGNUGRCTCFQT15&
 .CECTTQEGTÃCFGNEQORTGUQTGUV±FQVCFCFGWPQTKHKEKQEQPVCRÉP
&E'ZVTCKICGUVGVCRÉPGKPUVCNG
NQUCEQRNCOKGPVQUUWOKPKUVTCFQUEQPGNMKVUGRCTCFQT


 /CPWCNFGKPUVTWEEKQPGU

%QPGEVGGNVWDQFGCIWC
CNNCFQRQUVGTKQTFGNCEQRNCOKGPVQ
&E&KTKLCGNVWDQHNGZKDNGFGUCNKFC
FGEQPFGPUCFQFGUFGGNCEQRNCOKGPVQ
&EJCEKCGNUKUVGOCFGFTGPCLGFGEQPFGPUCFQ
 'ZVTCKICNCVCRC
[TGNNGPGGNTGEKRKGPVG
EQPCIWCJCUVCSWG¾UVCHNW[CCVTCX¾UFGNCUCNKFCFG
CIWCFGN15&
8WGNXCCKPUVCNCTNCVCRC

 +PUVTWEEKQPGUFGHWPEKQPCOKGPVQ[OCPVGPKOKGPVQ

2TGECWEKQPGUFGUGIWTKFCF

#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKÉPFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
Ő 2CTGGNEQORTGUQT
Ő 2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
Ő &GUEQPGEVGGNXQNVCLG
Ő %KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCX±NXWNCFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVG
Ő &GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

+PVGTKQTFG15&

Ő #PVGUFGCTTCPECTEQORTWGDGSWGGNTGEKRKGPVG
GUV±NNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
JCUVCSWGHNW[CCVTCX¾UFGNVWDQ
8WGNXCCKPUVCNCTNCVCRC
Ő &WTCPVGGNHWPEKQPCOKGPVQFGNEQORTGUQTUGCEWOWNCWPCECRCFGCEGKVGUQDTGGNPKXGNFGNCIWCFGN
TGEKRKGPVG
'PHWPEKÉPFGNCECRCEKFCFFGNEQORTGUQT[FGUWEKENQQRGTCVKXQNCJWOGFCFFGNCKTG
FGGPVTCFC[GNEQPVGPKFQFGCEGKVGFGNCKTGEQORTKOKFQRWGFGPRCUCTXCTKCUUGOCPCUQOGUGUCPVGU
FGSWGUGRWGFCQDUGTXCTWPPKXGNFGCEGKVGGPGNEQNGEVQT

Ő 2GTKÉFKECOGPVGEQORTWGDGSWGGNTGEKRKGPVG
GUV±NNGPQ5KGUPGEGUCTKQXKGTVCCIWCGPGN
EQPFWEVQFGTGNNGPQ
JCUVCSWGHNW[CCVTCX¾UFGNVWDQ
/CPVGPICNCVCRCKPUVCNCFC


/CPWCNFGKPUVTWEEKQPGU

2WPVQUFGFTGPCLGFGEQPFGPUCFQ

/QFGNQUFGN)#CN)#%[FGN)#85&CN)#85&

+PUVTWEEKQPGUFGOCPVGPKOKGPVQ
%QPUWNVGNCUGEEKÉP7PKFCF15&RCTCEQPQEGTNCUTGHGTGPEKCU

+PVGTXCNQ *QTCUFG 1RGTCEKÉP

HWPEKQPCOKGPVQ
5GOCPCN  %QORTWGDGGNOCPÉOGVTQ
5KNCRTGUKÉPCNECP\CDCT
G

RUKIQECFCJQTCUFGHWPEKQPCOKGPVQTGGORNCEGGNHKNVTQ

RCTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG%KGTTGNCX±NXWNCFG
UCNKFCFGCKTGFGURTGUWTKEGGNUKUVGOCFGUCNKFCCDTKGPFQNC
X±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O[FGUCVQTPKNNGGNHKNVTQ
.NGPGGNPWGXQHKNVTQEQPCIWCCEGKVGNKIGTCOGPVGNCLWPVC
CVQTPÃNNGNQ[CRTKGVGCOCPQ
OGFKCXWGNVCCRTQZKOCFCOGPVG
%QORTWGDGGNEQNCFQT
[UKGUPGEGUCTKQNÃORKGNQ
/GPUWCNOGPVG  %QORTWGDGGNPKXGNFGNCEGKVGGPGNEQNGEVQT
5KUGJCNNCECUK
NNGPQFGUEQPGEVGGNVWDQFGCEGKVG
[GPVTGIWGGNCEGKVGCN
UGTXKEKQNQECNFGTGEQIKFCFGCEGKVG8WGNXCCKPUVCNCTWPEQNGEVQT
XCEÃQ

 2KEVQITCOCU

2KEVQITCOCUOQUVTCFQUGP15&

4GHGTGPEKC &GUETKREKÉP
 #EGKVG
 5CNKFCFGCEGKVG
 5CNKFCFGEQPFGPUCFQ
 2TGUKÉP


 /CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUETKREKÉP
 'PVTCFC
 2WPVQFGUGTXKEKQ
 2TGUKÉPFGGPVTCFCFGNUGRCTCFQT
 .WDTKSWGNCLWPVCCVQTPKNNGGNHKNVTQ[CRTKGVGCOCPQ
CRTQZKOCFCOGPVGOGFKCXWGNVC
 %QPUWNVGGNHQNNGVQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTTGRCTCEKQPGUQOCPVGPKOKGPVQ


/CPWCNFGKPUVTWEEKQPGU

 4GEWRGTCEKÉPFGGPGTIÃC

 7PKFCFFGTGEWRGTCEKÉPFGGPGTIÃC

&GUETKREKÉP
.CGPGTIÃCTGSWGTKFCGPEWCNSWKGTRTQEGUQFGEQORTGUKÉPUGEQPXKGTVGGPECNQT2CTCEQORTGUQTGUFG
VQTPKNNQ)#EQPKP[GEEKÉPFGCEGKVGNCOC[QTRCTVGFGNECNQTFGNCEQORTGUKÉPUGFKUKRCCVTCX¾UFGN
UKUVGOCFGCEGKVG.QUUKUVGOCUFGTGEWRGTCEKÉPFGGPGTIÃCFG#VNCU%QREQGUV±PFKUGÇCFQURCTC
TGEQDTCTNCOC[QTRCTVGFGFKEJQECNQTGPHQTOCFGCIWCECNKGPVGUKPPKPIWPCKPHNWGPEKCRGTLWFKEKCNGPGN
TGPFKOKGPVQFGNEQORTGUQT

%QORQPGPVGU
.QUUKUVGOCUFGTGEWRGTCEKÉPFGGPGTIÃCCDCTECPRTKPEKRCNOGPVG
Ő +PVGTECODKCFQT
GUFGECNQTCEGKVGCIWC
Ő 8±NXWNCUGNGEVQTC
UKUVGOCGPNÃPGCCKUNCFQ
8EQPOCPIQ
Ő 8±NXWNCVGTOQUV±VKECFGFGTKXCEKÉPRCTCGN
NQUKPVGTECODKCFQT
GUFGECNQTFGNCTGEWRGTCEKÉPFG
GPGTIÃC
$8
Ő &QUUGPUQTGUFGVGORGTCVWTC
[
Ő .QURGTPQUVWDQUGVETGSWGTKFQU
.QUUKUVGOCUFGTGEWRGTCEKÉPFGGPGTIÃCVCODK¾PKPENW[GPKPUGTVQURCTCNCX±NXWNCFGFGTKXCEKÉP
$8
X¾CUGNCUGEEKÉP(WPEKQPCOKGPVQFGNTGHTKIGTCFQTFGCEGKVGFGNEQORTGUQT

7PKFCFFGTGEWRGTCEKÉPFGGPGTIÃC

7PKFCFFGTGEWRGTCEKÉPFGGPGTIÃCGPNQUOQFGNQUFGN)#CN)#%)#85&[)#85&


 /CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKÉP
 6WDQFGGPVTCFCFGCIWC
 6WDQFGUCNKFCFGCIWC
 5GPUQTFGVGORGTCVWTCVWDQFGGPVTCFCFGCIWC
 5GPUQTFGVGORGTCVWTCVWDQFGUCNKFCFGCIWC
 6CRÉPFGFTGPCLGFGCEGKVG
 6WDQHNGZKDNGFGCEGKVGFGUFGFGRÉUKVQFGCKTGFGNEQORTGUQT
 6WDQHNGZKDNGCX±NXWNCFGFGTKXCEKÉP
$8
 2KEVQITCOCFGUEQPGEVGGNXQNVCLG[FGURTGUWTKEGGNEQORTGUQTEQPNCNÃPGCFG
TGEWRGTCEKÉPFGGPGTIÃCCPVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQQTGRCTCEKÉP
$8 8±NXWNCFGFGTKXCEKÉPFGNKPVGTECODKCFQTFGECNQT
*' +PVGTECODKCFQTFGECNQT
8 8±NXWNCUGNGEVQTC

+PUVCNCEKÉP
.QUEQORQPGPVGURTKPEKRCNGUUGGPUCODNCPGPH±DTKECEQOQWPDNQSWGEQORCEVQSWGGPECLCGPNC
ECTTQEGTÃCFGNEQORTGUQT%QPUWNVGC#VNCU%QREQUQDTGNCKPUVCNCEKÉP[EQPGZKÉPFGNCWPKFCFFG
TGEWRGTCEKÉPFGGPGTIÃC

 5KUVGOCUFGTGEWRGTCEKÉPFGGPGTIÃC

)GPGTCNKFCFGU
.QUUKUVGOCUFGTGEWRGTCEKÉPFGGPGTIÃCRWGFGPCRNKECTUGGPEQPEGRVQFGUKUVGOCUFGDCLQCWOGPVQFG
VGORGTCVWTCCNVQHNWLQFGCIWCQUKUVGOCUFGCNVQCWOGPVQFGVGORGTCVWTCDCLQHNWLQFGCIWC

$CLQCWOGPVQFGVGORGTCVWTCCNVQHNWLQFGCIWC
UKUVGOCUFGTGEWRGTCEKÉPFGCIWCEGTTCFQU
2CTCVCNVKRQFGCRNKECEKÉPNCFKHGTGPEKCFGVGORGTCVWTCGPVTGGNCIWCGPGNUKUVGOCFGTGEWRGTCEKÉPFG
GPGTIÃC[GNCEGKVGFGNEQORTGUQTGURGSWGÇC2QTEQPUGEWGPEKCUGPGEGUKVCWPCNVQHNWLQFGCIWCRCTC
WPCO±ZKOCTGEWRGTCEKÉPFGGPGTIÃC
'LGORNQ'NCIWCECNKGPVGUGWUCRCTCOCPVGPGTQVTQOGFKQCWPCVGORGTCVWTCDCUVCPVGCNVCGPEKTEWKVQ
EGTTCFQRGLECNGHCEEKÉPEGPVTCN

#NVQCWOGPVQFGVGORGTCVWTCDCLQHNWLQFGCIWC
UKUVGOCUFGTGEWRGTCEKÉPFGCIWCCDKGTVQU
2CTCGUVGVKRQFGCRNKECEKÉPUGEQPUKIWGWPCNVQCWOGPVQFGNCVGORGTCVWTCFGNCIWCGPGNUKUVGOCFG
TGEWRGTCEKÉPFGGPGTIÃCNQSWGGPEQPUGEWGPEKCEQPNNGXCWPDCLQPKXGNFGHNWLQ
'LGORNQWPEKTEWKVQCDKGTVQFQPFGUGECNKGPVCCIWCHTÃCFGWPCVWDGTÃCFGFKUVTKDWEKÉPRTKPEKRCNRQTGN
UKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCRCTCWUQGPNCH±DTKECRGLRTGECNGPVCOKGPVQFGCIWCFG
CNKOGPVCEKÉP

(NWLQFGCIWCFGTGEWRGTCEKÉP
2CTCXGTNCUTGHGTGPEKCUEQPUWNVGNCUGEEKÉP7PKFCFFGTGEWRGTCEKÉPFGGPGTIÃC


/CPWCNFGKPUVTWEEKQPGU

'NCIWCFGTGEWRGTCEKÉPGPVTCGPNCWPKFCFRQTNCEQPGZKÉPFGGPVTCFC
'PGNKPVGTECODKCFQTFGECNQT

*'GNECNQTFGNCEQORTGUKÉPVTCURCUCFGNCEGKVGFGNEQORTGUQTCNCIWC'NCIWCUCNGFGNKPVGTECODKCFQT
FGECNQT
*'OGFKCPVGNCEQPGZKÉPFGUCNKFC


4GSWKUKVQUFGNCIWCFGTGEWRGTCEKÉPRCTCEKTEWKVQUFGCIWCEGTTCFQU
'NWUQFGWPEKTEWKVQFGCIWCFGTGEKTEWNCEKÉPEGTTCFQOKPKOK\CNQUTGSWKUKVQUFGCIWCFGTGNNGPCT2QT
VCPVQGURTCEVKECDNGGEQPÉOKECOGPVGGNWUQFGCIWCDNCPFC[JCUVCFGUOKPGTCNK\CFCGNKOKPCPFQGN
RTQDNGOCFGNQUFGRÉUKVQUECNE±TGQU#WPSWGGNKPVGTECODKCFQTFGECNQTGUFGCEGTQKPQZKFCDNGRWGFG
SWGGNEKTEWKVQFGCIWCEQPGEVCFQCNEQORTGUQTPGEGUKVGKPJKDKFQTGUFGEQTTQUKÉP%QPUWNVGNCVCDNC
UKIWKGPVGRCTCOKPKOK\CTNQURTQDNGOCUECWUCFQURQTCIWCFGOCNCECNKFCF'PECUQFGFWFCEQPUWNVGC
#VNCU%QREQ
#ÇCFCWPRTQFWEVQCPVKEQPIGNCPVGCNCIWC
EQOQINKEQNFGGVKNGPQGPRTQRQTEKÉPCNCVGORGTCVWTC
GURGTCFCRCTCGXKVCTNCEQPIGNCEKÉP

4GSWKUKVQUFGNCIWCFGTGEWRGTCEKÉPRCTCEKTEWKVQUFGCIWCCDKGTVQU
%QPUWNVGNCUGEEKÉP4GSWKUKVQUFGNCIWCFGTGHTKIGTCEKÉP

 1RGTCEKÉP

)GPGTCNKFCFGU
'NHNWLQFGCEGKVGFGNEQORTGUQTNQEQPVTQNCPFQUX±NXWNCUVGTOQUV±VKECU
$8[$8NQSWGCUGIWTCWP
HWPEKQPCOKGPVQHKCDNGFGNEQORTGUQT[WPCTGEWRGTCEKÉPFGGPGTIÃCÉRVKOC

5KUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCGPNÃPGC
'NOCPIQFGNCX±NXWNC
8UGJCNNCGPRQUKEKÉPXGTVKECN
Ő #TTCPSWGKPKEKCNFGNEQORTGUQT
%WCPFQGNEQORTGUQTUGRQPICGPOCTEJCGPEQPFKEKQPGUFGHTÃQNCVGORGTCVWTCFGNCEGKVGUGT±DCLC.C
X±NXWNCFGFGTKXCEKÉP
$8EGTTCT±NCCNKOGPVCEKÉPFGCEGKVGFGUFGGNKPVGTECODKCFQTFGECNQT
*'[NC
X±NXWNCFGFGTKXCEKÉP
$8EGTTCT±NCCNKOGPVCEKÉPFGCEGKVGFGUFGGNTGHTKIGTCFQT
%QRCTCKORGFKTSWG
UGGPHTÃGGNCEGKVGFGNEQORTGUQT'NCEGKVGRCUCFGUFGGNUGRCTCFQT
#4CVTCX¾UFGNQUHKNVTQU
1([NC
X±NXWNCFGEKGTTG
8UCNGNGOGPVQEQORTGUQT
'
6QFCNCGPGTIÃCCDUQTDKFCUGWUCRCTCECNGPVCTT±RKFCOGPVGGNCEGKVGFGNEQORTGUQT0QUGTGEWRGTC
PKPIWPCGPGTIÃC
Ő /±ZKOCTGEWRGTCEKÉPFGGPGTIÃC


 /CPWCNFGKPUVTWEEKQPGU

#NUWDKTNCVGORGTCVWTCFGNCEGKVGNCX±NXWNCFGFGTKXCEKÉP
$8GORKG\CCCDTKTNCNÃPGCFGCNKOGPVCEKÉP
FGCEGKVGCNKPVGTECODKCFQTFGECNQT5KNCVGORGTCVWTCFGNCEGKVGUWDGCWPQUu%
u(VQFQGN
CEGKVGRCUCCVTCX¾UFGNKPVGTECODKCFQTFGECNQT'NCEGKVGRTQEGFGPVGFGNCUCNKFCFGNKPVGTECODKCFQTFG
ECNQTRCUCRQTNQUHKNVTQU
1(NCX±NXWNCFGEKGTTG
8UGNGNGOGPVQEQORTGUQT
'[GNUGRCTCFQT
#4[
XWGNXGCNCGPVTCFCFGNKPVGTECODKCFQTFGECNQT
*'.CX±NXWNCFGFGTKXCEKÉP
$8FGLCHWGTCFGN
EKTEWKVQGNTGHTKIGTCFQTFGCEGKVG
%QOKGPVTCUSWGFGNCVGORGTCVWTCFGNCEGKVGFGDCLQFGEKGTVQXCNQT
'NKPVGTECODKQFGECNQTGPVTGGNCEGKVGFGNEQORTGUQT[GNCIWCFGTGEWRGTCEKÉPGUV±CNO±ZKOQ
Ő $CLQEQPUWOQFGGPGTIÃCTGEWRGTCFC
'PVCNECUQGURQUKDNGSWGUGGPEWGPVTGFGOCUKCFQCNVCNCVGORGTCVWTCFGNCEGKVGSWGUCNGFGN
KPVGTECODKCFQTFGECNQT
*'RCTCKP[GEVCTUGGPGNGNGOGPVQEQORTGUQT
'2QTVCPVQNCX±NXWNCFG
FGTKXCEKÉP
$8CDTKT±NCNÃPGCFGCNKOGPVCEKÉPFGNTGHTKIGTCFQTFGCEGKVGFGNEQORTGUQTRCTCFGLCTGPHTKCT
GNCEGKVGECNKGPVGGPGNTGHTKIGTCFQT
%Q
.CECPVKFCFFGGPGTIÃCUWOKPKUVTCFCCNCIWCUGCFCRVCCNCFGOCPFC
Ő #NVQHNWLQFGCIWCFGTGEWRGTCEKÉPDCLCVGORGTCVWTC
'PVCNECUQGURQUKDNGSWGUGGPEWGPVTGFGOCUKCFQDCLCNCVGORGTCVWTCFGNCEGKVGSWGUCNGFGN
KPVGTECODKCFQTFGECNQT
*'RCTCKP[GEVCTUGGPGNGNGOGPVQEQORTGUQT
'2QTVCPVQNCX±NXWNCFG
FGTKXCEKÉP
$8CDTKT±NCNÃPGCFGCNKOGPVCEKÉPFGNUGRCTCFQTFGCEGKVGFGNEQORTGUQTRCTCFGLCTSWGGN
CEGKVGHTÃQFGNKPVGTECODKCFQTFGECNQT
*'UGOG\ENGEQPGNCEGKVGECNKGPVGFGNUGRCTCFQT
#4
5GVTCPUHKGTGGPGTIÃCFGNCEGKVGFGNEQORTGUQTCNCIWCRGTQGUXGTFCFCWPPKXGNFGVGORGTCVWTC
TGNCVKXCOGPVGDCLQ


/CPWCNFGKPUVTWEEKQPGU

5KUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCCKUNCFQ
'NOCPIQFGNCX±NXWNC
8UGJCNNCGPRQUKEKÉPXGTVKECN
'NUKUVGOCFGCEGKVGGUKIWCNCNSWGECTGEGFGNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCUCNXQGPNC
VGORGTCVWTCFGCRGTVWTCFGNCX±NXWNCFGFGTKXCEKÉP
$8
0QUGTGEWRGTCPKPIWPCGPGTIÃC
'UVCUKVWCEKÉPFGDGEQPUKFGTCTUGEQOQGZEGREKQPCNRGLGPECUQFGOCPVGPKOKGPVQFGNUKUVGOCFG
TGEWRGTCEKÉPFGGPGTIÃCQUKPQUGPGEGUKVCGPGTIÃCRQTOWEJQVKGORQ
'PNQUOQFGNQUFGN)#CN)#%JCICHWPEKQPCTNCWPKFCFGPFGUECTICWPQUOKPWVQUCPVGUFGCKUNCT
GNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCFGNEQORTGUQT

2CTCTNCWPKFCFFWTCPVGWPRGTKQFQRTQNQPICFQ
5KJC[WPUKUVGOCFGCIWCCDKGTVQ[UKUGRTGX¾PVGORGTCVWTCUFGEQPIGNCEKÉPJC[SWGCKUNCTGNUKUVGOC
FGCIWCFGNEQORTGUQT[RWTICTNQEQPCKTGEQORTKOKFQ

 8±NXWNCUVGTOQUV±VKECUFGFGTKXCEKÉP

8±NXWNCUFGFGTKXCEKÉPFGNTGHTKIGTCFQTFGCEGKVG
'NTGHTKIGTCFQTFGCEGKVGFGNEQORTGUQTXCFQVCFQFGWPCX±NXWNCFGFGTKXCEKÉP'UVCEQPUVCFGWPKPUGTVQ
OQPVCFQGPWPCECLC.CX±NXWNCGORKG\CCEGTTCTNCNÃPGCFGFGTKXCEKÉP[CDTKTNCNÃPGCFGNTGHTKIGTCFQTFG
CEGKVGCNNÃOKVGKPHGTKQTFGNCNECPEGFGVGORGTCVWTCCNNÃOKVGUWRGTKQTFGNCNECPEGFGVGORGTCVWTCNCNÃPGC
FGFGTKXCEKÉPGUV±EGTTCFCEQORNGVCOGPVG[VQFQGNCEGKVGRCUCRQTGNTGHTKIGTCFQT
'P)#C)#%UKUGWUCGNECNQTFGNCEQORTGUKÉPEQOQHWGPVGRCTCTGEWRGTCEKÉPFGGPGTIÃCUG
TGSWKGTGWPKPUGTVQEQPCNECPEGFGVGORGTCVWTCOC[QT'NCNECPEGFGVGORGTCVWTCTGSWGTKFQFGNCX±NXWNC
FGRGPFGFGNCCRNKECEKÉPFGNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃC2QTVCPVQUGUWOKPKUVTCPWPEKGTVQ
PÐOGTQFGKPUGTVQUEQPCNECPEGUFGVGORGTCVWTCFKUVKPVQU
&GURW¾UFGKPUVCNCTWPQFGNQUKPUGTVQU[CKUNCFQGNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCNCVGORGTCVWTC
FGUCNKFCFGNGNGOGPVQEQORTGUQTUGT±FG
6GORGTCVWTCFGUCNKFCFGNEQORTGUQT
CRTQZ

/CTECFGX±NXWNC )# )#DCT[ )# )#%DCT

#NECPEGFG DCT[ RUK DCT[ [RUK
VGORGTCVWTC RUK )#DCT[ RUK
)# RUK
DCT[ )#DCT[
RUK RUK
u%u%    
u%    
u(
u%u%    
u%    
u(
u%u%    


 /CPWCNFGKPUVTWEEKQPGU

/CTECFGX±NXWNC )# )#DCT[ )# )#%DCT

#NECPEGFG DCT[ RUK DCT[ [RUK
VGORGTCVWTC RUK )#DCT[ RUK
)# RUK
DCT[ )#DCT[
RUK RUK
u%    
u(
u%u%    
u%    
u(
u%u%    
u%    
u(

8±NXWNCFGFGTKXCEKÉPFGNKPVGTECODKCFQTFGECNQT
'UVCX±NXWNCEQOKGP\CCEGTTCTNCNÃPGCFGFGTKXCEKÉP[CDTKTNCNÃPGCFGNKPVGTECODKCFQTFGECNQTCCRTQZ
u%
u(EWCPFQNCVGORGTCVWTCGUFGCRTQZu%
u(NCNÃPGCFGFGTKXCEKÉPGUV±
VQVCNOGPVGEGTTCFC[VQFQGNCEGKVGHNW[GCVTCX¾UFGNKPVGTECODKCFQTFGECNQT

 /CPVGPKOKGPVQ

#EGKVGFGNEQORTGUQT
2CTCXGTNCUTGHGTGPEKCUEQPUWNVGNCUGEEKÉP7PKFCFFGTGEWRGTCEKÉPFGGPGTIÃC
%CODKQFGCEGKVG
 %QORTWGDGSWGGNOCPIQFGNCX±NXWNCUGNGEVQTC
8GUV±GPRQUKEKÉPXGTVKECN
UKUVGOCFG
TGEWRGTCEKÉPGPNÃPGC
 &GLGHWPEKQPCTNCWPKFCFJCUVCSWGUGECNKGPVG2CTGNCWPKFCFFGUEQPGEVGGNKPVGTTWRVQTUGRCTCFQT
[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG
 &GURTGUWTKEGGNEQORTGUQT[XCEÃGGNCEGKVG8¾CUGNCUGEEKÉP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
 &GUCVQTPKNNGGNVCRÉP
RCTCXCEKCTGNKPVGTECODKCFQTFGECNQT
*'8WGNXCCKPUVCNCT[CRTKGVGGN
VCRÉPFGURW¾UFGNFTGPCLG4GKPUVCNG[CRTKGVGGNVCRÉPFGNNGPCFQ
(%
 4GCPWFGGNECODKQFGCEGKVGEQOQUGFGUETKDGGPNCUGEEKÉP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG

8±NXWNCUVGTOQUV±VKECUFGFGTKXCEKÉP
.QUKPUGTVQUFGDGPUGTTGGORNC\CFQUECFCCÇQRQTQVTQUPWGXQUCHKPFGCUGIWTCTWPTGPFKOKGPVQ
ÉRVKOQ

+PVGTECODKCFQTFGECNQT
*'
5KGNCWOGPVQFGVGORGTCVWTCUQDTGGNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃCFGENKPCFWTCPVGWPRGTÃQFQFG
VKGORQEQPEQPFKEKQPGUFGVTCDCLQD±UKECUKIWCNGUJC[SWGTGXKUCTGNKPVGTECODKCFQTFGECNQT2CTC
NKORKCTGNNCFQFGCEGKVGUWOGTLCGNKPVGTECODKCFQTFGECNQTGPWPCUQNWEKÉPFGUGPITCUCPVG2CTCGNKOKPCT
NQUFGRÉUKVQUECNE±TGQUGPGNEQORCTVKOKGPVQFGCIWCJC[SWGCRNKECTWPRTQEGUQFGFGUECNEKHKECEKÉP
%QPUWNVGC#VNCU%QREQ


/CPWCNFGKPUVTWEEKQPGU

 &CVQUFGTGEWRGTCEKÉPFGGPGTIÃC

%QPFKEKQPGUFGTGHGTGPEKC
%QPUWNVGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU

2TGUKÉPGHGEVKXCFGVTCDCLQ
%QPUWNVGNCUGEEKÉP&CVQUFGNEQORTGUQTRCTC)#C)#%RCTCEQPQEGTNCRTGUKÉPFGVTCDCLQPQTOCN

#LWUVGUFGNGEVWTC
#FGO±UFGQVTQUFCVQURWNUCPFQNCVGENCFGFGURNC\COKGPVQUGRWGFGPNGGTNCUVGORGTCVWTCUUKIWKGPVGU
Ő 2CTCWPKFCFGUTGHTKIGTCFCURQTCKTG
Ő .CVGORGTCVWTCFGGPVTCFCFGNCIWCFGNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃC
Ő .CVGORGTCVWTCFGUCNKFCFGNCIWCFGNUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃC

/QFKHKECTCLWUVGU
5KUGGZEGFGPNQUCLWUVGUFGCXKUQRTQITCOCFQURCTCNCUVGORGTCVWTCUFGNCIWCCRCTGEGGPGNOÉFWNQFG
EQPVTQNFGNEQORTGUQTWPCKPFKECEKÉPFGCXKUQ

'PVTCFCFGVGORGTCVWTC 7PKFCFGU #LWUVGOÃPKOQ #LWUVGPQOKPCN #LWUVGO±ZKOQ

'PVTCFCFGCIWCFGTGEWRGTCEKÉPFG u%   
GPGTIÃC
4GVTCUQCNCUGÇCNFGCXKUQ UGI  %QPUWNVGC#VNCU 
%QREQ
4GVTCUQGPGNCTTCPSWG UGI  %QPUWNVGC#VNCU 
&GDGUGTOGPQTSWGGNTGVTCUQCNCUGÇCN %QREQ
FGCXKUQ
5CNKFCFGCIWCFGTGEWRGTCEKÉPFG u%  &GRGPFGFGNC 
GPGTIÃC CRNKECEKÉP
4GVTCUQCNCUGÇCN UGI  %QPUWNVGC#VNCU 
%QREQ
4GVTCUQGPGNCTTCPSWG UGI  %QPUWNVGC#VNCU 
%QREQ

2CTCOQFKHKECTWPCLWUVGEQPUWNVGNCUGEEKÉP/QFKHKECTRCT±OGVTQU

'PGTIÃCTGEWRGTCDNG
.CGPGTIÃCTGEWRGTCDNGRWGFGECNEWNCTUGWVKNK\CPFQNCHÉTOWNCUKIWKGPVG
'0'4)›#4'%72'4#&#
M9ZHNWLQFGCIWC
NUZCWOGPVQFGVGORGTCVWTCFGNCIWC
%
'PNCVCDNCUKIWKGPVGUGRTQRQTEKQPCPGLGORNQUVÃRKEQUGZEGRVQRCTCNCGPGTIÃCTGEWRGTCFC
%QPUWNVGC#VNCU%QREQRCTCEQPQEGTNCUGURGEKHKECEKQPGU


 /CPWCNFGKPUVTWEEKQPGU

&CVQURCTCUKUVGOCUFGDCLQCWOGPVQFGVGORGTCVWTCCNVQHNWLQFGCIWC
)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       


/CPWCNFGKPUVTWEEKQPGU

)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

)#%

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

&CVQURCTCUKUVGOCUFGCNVQCWOGPVQFGVGORGTCVWTCDCLQHNWLQFGCIWC
)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       


 /CPWCNFGKPUVTWEEKQPGU

)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

)#

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       

)#%

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
'PGTIÃCTGEWRGTCDNG M9       


/CPWCNFGKPUVTWEEKQPGU

'PVTCFCFGVGORGTCVWTC 7PKFCF       

GU
DCT DCT DCT RUK RUK RUK RUK
(NWLQFGCIWC NOKP       
6GORGTCVWTCGPGPVTCFC u%       
6GORGTCVWTCGPUCNKFC u%       
6GORGTCVWTCGPGPVTCFC u(       
6GORGTCVWTCGPUCNKFC u(       


 /CPWCNFGKPUVTWEEKQPGU

 +PUVCNCEKÉP

 &KDWLQUFGFKOGPUKQPGU

)#C)#%

)#C)#%


/CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKÉP
 5CNKFCFGFGTKXCEKÉPFGUGECFQT
XGTUKÉPUGECFQT
 4GHTKIGTCEKÉPFGNEQORTGUQT
 5CNKFCFGCKTG
 4GHTKIGTCEKÉPFGNUGECFQT
 5CNKFCFGCKTGEQORTKOKFQ
 2GUQUGPMI
 2CUQFGECDNGGN¾EVTKEQ
 'PVTCFCFGCKTGFGTGHTKIGTCEKÉP[GPVTCFCFGHKNVTQFGCKTGFGUGECFQT
 'PVTCFCFGCKTGFGTGHTKIGTCEKÉPFGOQVQT[EQORTGUQT
 'PVTCFCFGCIWC
 4GEWRGTCEKÉPFGGPGTIÃC
 5CNKFCFGCIWC
 2WPVQFGFTGPCLGFGCIWC15&
 2WPVQFGFTGPCLGCWVQO±VKEQ
 2WPVQFGFTGPCLGOCPWCN
 9QTMRNCEG
 9QTMRNCEG(WNN(GCVWTG
 %GPVTQFGITCXGFCF
 2GUQ
 &KOGPUKQPGUGPOO
 5QNCOGPVGRCTC9QTMRNCEG


 /CPWCNFGKPUVTWEEKQPGU

 2TQRWGUVCFGKPUVCNCEKÉP

)#C)#%

'LGORNQFGUCNCFGEQORTGUQTGUFG)#JCUVC)#%


/CPWCNFGKPUVTWEEKQPGU

6GZVQGPFKDWLQ

4GHGTGPEKC &GUKIPCEKÉP

 2TQRWGUVCUFGXGPVKNCEKÉP

 'URCEKQNKDTGOÃPKOQSWGFGDGTGUGTXCTRCTCNCKPUVCNCEKÉPFGNEQORTGUQT

&GUETKREKÉPFG)#C)#%
 +PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UÉNKFQSWGRWGFCUQRQTVCTUWRGUQ
 2QUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTGEQORTKOKFQ
 5GRWGFGECNEWNCTNCECÃFCFGRTGUKÉPGPGNVWDQFGUCNKFCFGCKTGFGNCOCPGTCUKIWKGPVG
FR
.ZZ3E
FZR
FFK±OGVTQKPVGTKQTFGNVWDQFGUCNKFCGPOO
FRECÃFCFGRTGUKÉP
O±ZKOQTGEQOGPFCFQDCTRUK
.NQPIKVWFFGNVWDQFGUCNKFCGPO
RRTGUKÉPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
5GTGEQOKGPFCEQPGEVCTGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTGPEKOCFGNVWDQRTKPEKRCNFGNCTGF
FGCKTGCHKPFGTGFWEKTCWPOÃPKOQGNCTTCUVTGFGRQUKDNGUTGUVQUFGEQPFGPUCFQ
 8GPVKNCEKÉPNCURCTTKNNCUFGCURKTCEKÉP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGHQTOCSWGUGGXKVGNC
TGEKTEWNCEKÉPFGNCKTGFGTGHTKIGTCEKÉPCNEQORTGUQT.CXGNQEKFCFO±ZKOCFGNCKTGCVTCX¾UFGNCU
RCTTKNNCUGUFGOU
HVU
.CO±ZKOCECÃFCFGRTGUKÉPCFOKUKDNGUQDTGNQUEQPFWEVQUFGCKTGFGTGHTKIGTCEKÉPGUFG2C

KPYE
5KCNECP\CWPXCNQTUWRGTKQTUGPGEGUKVCWPXGPVKNCFQTGPNCUCNKFCFGNQUEQPFWEVQU%QPUWNVGC
#VNCU%QREQ
2CTCNCUCNVGTPCVKXCU[FG)#C)#%NCECRCEKFCFFGXGPVKNCEKÉPPGEGUCTKCRCTCNKOKVCTNC
VGORGTCVWTCGPNCUCNCFGEQORTGUQTGURWGFGECNEWNCTUGFGNCOCPGTCUKIWKGPVG
Ő 3X0F6RCTC)#2CEM9QTMRNCEG
Ő 3X
0 F6RCTC)#2CEM(WNN(GCVWTG9QTMRNCEG(WNN(GCVWTG
3XECRCEKFCFFGXGPVKNCEKÉPTGSWGTKFCGPOU
0GPVTCFCCNGLGFGNEQORTGUQTGPM9
F6CWOGPVQFGVGORGTCVWTCGPUCNCFGNEQORTGUQT
2CTCNCUCNVGTPCVKXCU[NCECRCEKFCFFGNXGPVKNCFQTFGDGKIWCNCTNCECRCEKFCFFGNXGPVKNCFQTFGN
EQORTGUQTCWPCECTICFGRTGUKÉPKIWCNCNCECÃFCFGRTGUKÉPUQDTGNQUEQPFWEVQUFGCKTG
 .QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWCFGNEQNGEVQT#VNCU%QREQ
FKURQPGFGUGRCTCFQTGUFGCEGKVGCIWC
VKRQ15&RCTCUGRCTCTNCOC[QTRCTVGFGNCEGKVGFGN
EQPFGPUCFQCHKPFGCUGIWTCTSWGGNEQPFGPUCFQEWORNGNQUTGSWKUKVQUFGNCNGIKUNCEKÉP
OGFKQCODKGPVCN
 2QUKEKÉPFGRCPGNFGEQPVTQN
 2QUKEKÉPFGGPVTCFCFGNECDNGFGUWOKPKUVTQ
 'SWKRCOKGPVQRCTCGPVTCFC[UCNKFCFGUKUVGOCFGTGEWRGTCEKÉPFGGPGTIÃC
QREKQPCN


 /CPWCNFGKPUVTWEEKQPGU

 (KNVTQVKRQ&&HKNVTCEKÉPEQPHKPGUIGPGTCNGU'NHKNVTQGNKOKPCRCTVÃEWNCUUÉNKFCUJCUVCOKETÉOGVTQ
[EQPVGPKFQUFGCEGKVGTGUKFWCNO±ZKOQUFGOIO'URQUKDNGKPUVCNCTWPHKNVTQFGCNVC
GHKEKGPEKCVKRQ2&EQPRQUVGTKQTKFCFCWPHKNVTQ&&6CNHKNVTQGNKOKPCRCTVÃEWNCUUÉNKFCUJCUVC
OKETÉOGVTQ[EQPVGPKFQUFGCEGKVGTGUKFWCNO±ZKOQUFGOIO2CTCGXKVCTQNQTGU[XCRQTGU
FGCEGKVGJC[SWGKPUVCNCTWPHKNVTQVKRQ3&EQPRQUVGTKQTKFCFCNHKNVTQ2&
Ő 'PEQORTGUQTGU)#UKPUGECFQT[EQORTGUQTGU(WNN(GCVWTGEQPUGECFQT+(&NQUHKNVTQURCTCWUQ
IGPGTCNUQPQREKQPCNGU
 'NFGRÉUKVQFGCKTG
QREKQPCNFGDGKPUVCNCTUGGPWPCUCNCCRTWGDCFGJGNCFCUUQDTGWPUWGNQUÉNKFQ
[PKXGNCFQ
2CTCWPEQPUWOQFGCKTGPQTOCNUGECNEWNCGNXQNWOGPFGNCTGFFGCKTG
FGRÉUKVQ[VWDGTÃCUFGNC
OCPGTCUKIWKGPVG
8
Z3EZ2Z6Q
HOCZZF2Z6
8XQNWOGPFGNCTGFFGCKTGGPN
3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
2RTGUKÉPFGGPVTCFCFGCKTGFGNEQORTGUQTGPDCTCDUQNWVC
HOCZHTGEWGPEKCEÃENKECEKENQU
F22FGUECTIC2ECTICGPDCT
6VGORGTCVWTCFGGPVTCFCFGCKTGFGNEQORTGUQTGP-
6QVGORGTCVWTCFGNFGRÉUKVQFGCKTGGP-
 &GTKXCEKÉPFGUGECFQT
Ő 1REKQPCNGPEQORTGUQTGUEQP+(&
 %QNGEVQTFGEQPFGPUCFQ
%QPUWNVGVCODK¾PNCUGEEKÉP5KUVGOCFGEQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

 %QPGZKQPGUGN¾EVTKECU

%QPGZKÉPGN¾EVTKECFG)#C)#%


 /CPWCNFGKPUVTWEEKQPGU

4GHGTGPEKC &GUKIPCEKÉP

 +PUVCNCEKÉPFGNENKGPVG

 1REKÉP

 1REKÉPUGECFQTOQPQH±UKEQQVTKH±UKEQ

 6QFQUNQUXQNVCLGUEQPGZEGREKÉPFG8*\

 8*\

 %QPGZKÉPGPGUVTGNNCVQFQUNQUFGO±UXQNVCLGU

 %QPGZKÉPGPVTK±PIWNQ8*\

 5GECFQTOQPQH±UKEQ

 5GECFQTVTKH±UKEQ

 5WOKPKUVTQFGUGECFQT

 6QFQUNQUQVTQUXQNVCLGU

)#C)#%
 +PUVCNGWPKPVGTTWRVQTUGRCTCFQT
 %QORTWGDGSWGGUV±PDKGPUWLGVQUCUWUDQTPGUNQUECDNGUGJKNQUFGNOQVQTGPGNCTOCTKQGN¾EVTKEQ
 %QORTWGDGNQUHWUKDNGU[GNCLWUVGFGNTGN¾FGUQDTGECTIC8¾CUGNCUGEEKÉP#LWUVGUFGTGN¾FG
UQDTGECTIC[HWUKDNGU
 %QPGEVGNQUECDNGUFGUWOKPKUVTQFGRQVGPEKCCUWUDQTPGU..[.
 %QPGEVGGNEQPFWEVQTPGWVTQCNEQPGEVQT
0
 %QPGEVGGNRGTPQFGNEQPFWEVQTFGVKGTTC
2'


/CPWCNFGKPUVTWEEKQPGU

'P)#C)#%2CEM((9QTMRNCEG((EQP+(&
EQPNCGZEGREKÉPFGNCUXCTKCPVGUFG8
*\FG)#C)#%
Ő 'NUWOKPKUVTQFGXQNVCLGCNUGECFQTFGDGUGTOQPQH±UKEQFG85GUWOKPKUVTCGNXQNVCLGCNUGECFQT
RQTNQUEQPVCEVQUFGNTGN¾
-¾UVQUUGEKGTTCPCNCTTCPECTUGGNEQORTGUQT2CTCXQNVCLGUFG
UWOKPKUVTQFGNEQORTGUQTFKHGTGPVGUFGZ8O±UPGWVTQZ8Z8NCCNKOGPVCEKÉP
CNUGECFQTNCUWOKPKUVTCWPVTCPUHQTOCFQT
'P)#C)#%2CEM((9QTMRNCEG((
8*\
Ő 'UVQUEQORTGUQTGUGUV±PGSWKRCFQUEQPWPUGECFQTVTKH±UKEQ5GUWOKPKUVTCGNXQNVCLGCNUGECFQTRQT
NQUEQPVCEVQUFGNTGN¾
-¾UVQUUGEKGTTCPCNCTTCPECTUGGNEQORTGUQT

 4GSWKUKVQUFGNCIWCFGTGHTKIGTCEKÉP

)GPGTCNKFCFGU
5GKPFKECPNQUTGSWKUKVQUUKIWKGPVGUEQOQPQTOCIGPGTCNRCTCRTGXGPKTRTQDNGOCUEQPGNCIWCFG
TGHTKIGTCEKÉP'PECUQFGFWFCEQPUWNVGC#VNCU%QREQ

/±ZKOQUTGEQOGPFCFQU 5KUVGOCFGTGEKTEWNCEKÉP 5KUVGOCFGRCUQEQPVKPWQ


%NQTWTQ
%N  KPHGTKQTCOIN KPHGTKQTCOIN

5WNHCVQ
51  KPHGTKQTCOIN KPHGTKQTCOIN
6QVCNFGUWUVCPEKCUUÉNKFCU KPHGTKQTCOIN KPHGTKQTCOIN
5WUVCPEKCUUÉNKFCUUWURGPFKFCU KPHGTKQTCOIN KPHGTKQTCOIN

5K1
%NQTQNKDTG
%N KPHGTKQTCOIN KPHGTKQTCOIN

#OQPÃCEQ
0*  KPHGTKQTCOIN KPHGTKQTCOIN
%QDTG KPHGTKQTCOIN KPHGTKQTCOIN
*KGTTQ KPHGTKQTCOIN KPHGTKQTCOIN
/CPICPGUQ KPHGTKQTCOIN KPHGTKQTCOIN
1ZÃIGPQ KPHGTKQTCOIN KPHGTKQTCOIN
&WTG\CECTDQPCVCFC
EQOQ OIN OIN
%C%1
/CVGTKCNQTI±PKEQ
-/P1 KPHGTKQTCOIN KPHGTKQTCOIN
5KPCNICU
5KPCEGKVG

1DUGTXCEKÉP
'NENQTWTQ[GNUWNHCVQUQPKPVGTCEVKXQU'PWPUKUVGOCFGRCUQEQPVKPWQNCUWOCFGNQUEWCFTCFQUPQ
RWGFGGZEGFGTFG2CTCWPUKUVGOCFGTGEKTEWNCEKÉPEQPGNVTCVCOKGPVQ[NQUEQPVTQNGUFGDKFQUUG
RGTOKVGWPCUWOCFGNQUEWCFTCFQUFGJCUVC1DU¾TXGUGSWGGNXCNQTFGUWNHCVQFGDGKPENWKTGN
UWNHKVQGXGPVWCNOGPVGRTGUGPVG


 /CPWCNFGKPUVTWEEKQPGU

 2KEVQITCOCU

)#C)#%

2KEVQITCOCU)#C)#%

2KEVQITCOCU)#C)#%

4GHGTGPEKC &GUKIPCEKÉP
 2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
 2WPVQFGFTGPCLGCWVQO±VKEQFGEQPFGPUCFQ
 #XKUQXQNVCLG
 #XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTCPVGUFGTGCNK\CT
TGRCTCEKQPGU
 #XKUQEQPUWNVGGN.KDTQFGKPUVTWEEKQPGUGPNQTGHGTGPVGCNUGPVKFQFGIKTQFGNOQVQT
CPVGUFGEQPGEVCTGNEQORTGUQTGN¾EVTKECOGPVG
 2CTGUFGCRTKGVGRCTCRGTPQUFGCEGTQ
(GQNCVÉP
%W<P
 %QPUWNVGGNNKDTQFGKPUVTWEEKQPGUCPVGUFGGPITCUCT
 #EGKVGNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPÃNNGNQ[CRTK¾VGNQCOCPQ
OGFKC
XWGNVCCRTQZKOCFCOGPVG
 #XKUQRCTGGNEQORTGUQTCPVGUFGTGRCTCTNQUXGPVKNCFQTGU
 #XKUQFGUEQPGEVGGNXQNVCLGCPVGUFGSWKVCTNCEWDKGTVCRTQVGEVQTCFGPVTQFGN
EWDÃEWNQGN¾EVTKEQ
 %QPUWNVGGN.KDTQFGKPUVTWEEKQPGUCPVGUFGTGCNK\CTOCPVGPKOKGPVQ
 #XKUQTKGUIQRQVGPEKCNFGFKURCTQTGRGPVKPQFGNOWGNNGFGDCLQFGNCEWDKGTVCFGN
FGUECTICFQTFWTCPVGGNFGUOQPVCLGUQNKEKVGC#VNCU%QREQSWGTGCNKEGNCU
TGRCTCEKQPGUPGEGUCTKCU


/CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGUFGHWPEKQPCOKGPVQ

 #PVGUFGNCTTCPSWGKPKEKCN

5GIWTKFCF

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU
NCUSWGUGKPFKECPGPGNRTGUGPVGOCPWCN

(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU
5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKÉPFGN
CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN
ECUQ[VCODK¾PUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO
HV

&GURNC\COKGPVQNGXCPVCOKGPVQRCTC)#C)#%
'URQUKDNGFGURNC\CTGNEQORTGUQTEQPC[WFCFGWPCECTTGVKNNCGNGXCFQTCGPNCUTCPWTCUFGNDCUVKFQT
2TQEWTGPQFCÇCTNCECTTQEGTÃCFWTCPVGGNNGXCPVCOKGPVQQVTCPURQTVG#UGIÐTGUGFGSWGNCUJQTSWKNNCU
UQDTGUCNGPFGUFGGNQVTQNCFQFGNDCUVKFQT'NEQORTGUQTVCODK¾PRWGFGGNGXCTUGFGURW¾UFGKPUGTVCT
XKICUGPNCUTCPWTCU#UGIÐTGUGFGSWGNCUXKICUPQUGFGUNK\CP[SWGUQDTGUCNGPFGUFGGNDCUVKFQTFG
OCPGTCWPKHQTOG.CUECFGPCUFGDGPOCPVGPGTUGRCTCNGNCUCNCECTTQEGTÃCEQPC[WFCFGUGRCTCFQTGUFG
ECFGPCRCTCPQFCÇCTCNEQORTGUQT'NGSWKRQFGNGXCPVCOKGPVQFGDGGUVCTRQUKEKQPCFQFGHQTOCSWGGN
EQORTGUQTUGNGXCPVGXGTVKECNOGPVG.GX±PVGNQEQPUWCXKFCFRTQEWTCPFQSWGPQUGVWGT\C

#TTCPSWG[RCTCFCCFKUVCPEKCGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+

&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPÐPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG

#TTCPSWG[RCTCFCCFKUVCPEKC
Ő %QPGEVGWPDQVÉPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNVCDNGTQFGDQTPGU

:%QPUWNVGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU

+PFKECEKÉPGZVGTPCFGNGUVCFQFGNEQORTGUQTGPEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++
'NTGIWNCFQT'NGMVTQPKMQP++GUV±FQVCFQFGEQPVCEVQUCWZKNKCTGU
---[-RQTGNNCFQFG
CVT±UFGNOÉFWNQRCTCKPFKECEKÉPGZVGTPCFG
Ő DCLCQCNVCRTGUKÉPFGNCKTG
-EGTTCFQUUKIPKHKECCNVCRTGUKÉPFGNCKTG
Ő ECTICFGUECTICOCPWCNQHWPEKQPCOKGPVQCWVQO±VKEQ
-
Ő GUVCFQFGCXKUQ
-
Ő GUVCFQFGRCTCFCFGCNCTOC
-
%CTICO±ZKOCRCTCNQUEQPVCEVQU#8%#2CTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLGCPVGUFG
EQPGEVCTGSWKRQGZVGTPQ%QPUWNVGC#VNCU%QREQ


 /CPWCNFGKPUVTWEEKQPGU

/QFQUFGEQPVTQNFGNEQORTGUQTGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP++

&GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[
FGUEQPGEVGGNXQNVCLGCPVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPÐPKECOGPVG
EQPVCEVQUNKDTGUFGXQNVCLG

%QPUWNVGNCUGEEKÉP2TQITCOCTOQFQUFGEQPVTQNFGNEQORTGUQTUKUGSWKGTGEQPOWVCTCQVTQOQFQFG
EQPVTQN
'URQUKDNGUGNGEEKQPCTNQUOQFQUFGEQPVTQNSWGUKIWGP
Ő %QPVTQNNQECN'NEQORTGUQTTGURQPFGT±COCPFQUKPVTQFWEKFQUEQPC[WFCFGNQUDQVQPGUGPGNRCPGN
FGEQPVTQN.QUOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQTGUV±PCEVKXQURQTOGFKQFGNCHWPEKÉP4GNQL
UKGUV±PRTQITCOCFQU
Ő %QPVTQNTGOQVQ'NEQORTGUQTTGCEEKQPCT±CNQUOCPFQUFGKPVGTTWRVQTGUGZVGTPQU3WGFCCEVKXCNC
RCTCFCFGGOGTIGPEKC5KGORTGGURQUKDNGCEEGFGTCNQUOCPFQUFGCTTCPSWGRCTCFCFGNEQORTGUQT
RQTOGFKQFGNCHWPEKÉP4GNQL
2CTCCTTCPSWG[RCTCFCCFKUVCPEKCGP)#JCUVC)#%
Ő %QPGEVGWPDQVÉPFGCTTCPSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNEQPGEVQT
:
%QPUWNVGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU
Ő 2WGPVGGNQUDQTPGU[FGNEQPGEVQT
:GPGUVGOQFQGNVTCPUFWEVQTFGRTGUKÉP
26
UKGORTGFGVGEVCNCRTGUKÉPFGUCNKFCNQSWGRTQXQECNCECTIC[FGUECTICFGNEQORTGUQTCNCU
RTGUKQPGURTQITCOCFCUGPGNTGIWNCFQTGNGEVTÉPKEQ5KNQUDQTPGU[FGNEQPGEVQT
:PQ
GUV±PRWGPVGCFQUGNEQORTGUQTGURWGUVQHWGTCFGHWPEKQPCOKGPVQCWVQO±VKEQFGECTICFGUECTIC
[UKIWGHWPEKQPCPFQGPFGUECTIC%QPUWNVGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTNCTGINGVCFG
DQTPGU
2CTCECTICFGUECTICCFKUVCPEKC
OGFKCPVGGNRTGUQUVCVQGZVGTPQGP)#JCVUC)#%
Ő 2WGPVGGNQUDQTPGU[FGNEQPGEVQT
:[EQPGEVGWPKPVGTTWRVQTFGECTICFGUECTICGPVTGNQU
DQTPGU[FGFKEJQEQPGEVQT
:'UVQRTQXQECNCECTIC[FGUECTICFGNEQORTGUQTCNCU
RTGUKQPGUFGEKGTTG[CRGTVWTCTGURGEVKXCOGPVGFGNRTGUQUVCVQGZVGTPQ
Ő %QPVTQN.#0'NEQORTGUQTXCEQPVTQNCFQOGFKCPVGWPCTGFFG±TGCNQECN%QPUWNVGC#VNCU%QREQ

 #TTCPSWGKPKEKCN

5GIWTKFCF

'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

2TQEGFKOKGPVQ

2CTCEQPQEGTNCRQUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

(KLCEKQPGUFGVTCPURQTVGFGNOQVQTGP)#C)#%

2QUKEKÉPFGNCOKTKNNCFGNPKXGNFGCEGKVGGP)#C)#%


 /CPWCNFGKPUVTWEEKQPGU

%WDÃEWNQGN¾EVTKEQGP)#C)#%GLGORNQVÃRKEQ

 %QPUWNVGNCUUGEEKQPGU6COCÇQFGECDNGUGN¾EVTKEQU2TQRWGUVCUFGKPUVCNCEKÉP[&KDWLQUFG
FKOGPUKQPGU
 *C[SWGSWKVCTNQUHKLCFQTGUFGVTCPURQTVGRKPVCFQUFGTQLQUKIWKGPVGU
Ő 2GTPQU

Ő %CUSWKNNQU

Ő 5QRQTVGU

'P)#C)#%GZVTCKICNQUECUSWKNNQUFGCODQUUQRQTVGUFGNCECLCFGGPITCPCLGU[CODQU
UQRQTVGUFGNFGRÉUKVQFGCKTG
'P)#C)#%(WNN(GCVWTG[RCTCWPUWOKPKUVTQFGXQNVCLGFKUVKPVQFG88Q
8 0UGRTQRQTEKQPCWPVTCPUHQTOCFQT
6'ZVTCKICVCODK¾PNQUUQRQTVGUFGDCLQFGN
OKUOQ8¾CUG%QPGZKQPGUGN¾EVTKECU
 %QORTWGDGSWGGUV±PJGEJCUNCUEQPGZKQPGUGN¾EVTKECUEQPHQTOGCNQUEÉFKIQUNQECNGU[SWG
VQFQUNQUECDNGUGUV±PDKGPUWLGVQUCUWUDQTPGU
'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ
KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
 %QORTWGDGSWGGNVTCPUHQTOCFQT
6GUV±DKGPEQPGEVCFQ
%QORTWGDGGNCLWUVGFGNTGN¾FGUQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ
(
%QORTWGDGSWGGNTGN¾FGUQDTGECTICXCCLWUVCFQRCTCTGCTOGOCPWCN
 +PUVCNGNCX±NXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNC
RQUKEKÉPFGNCX±NXWNC
%KGTTGNCX±NXWNC
%QPGEVGNCTGFFGCKTGCNCX±NXWNC
'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKÉPFGUGECFQTKPUVCNGNCX±NXWNCFGUCNKFCFGCKTGGP
GNVWDQFGFGTKXCEKÉPFGNUGECFQT
 5KGUV±GSWKRCFQEQPGEVGNCX±NXWNCFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
&O
%KGTTGNCX±NXWNC
%QPGEVGNCX±NXWNCCWPEQNGEVQTFGFTGPCLG


/CPWCNFGKPUVTWEEKQPGU

 5KGUV±GSWKRCFQEQPGEVGNCUCNKFCFGFTGPCLGCWVQO±VKEQ
&CCWPEQNGEVQTFGFTGPCLG
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQFGDGPGPVTCTGPEQPVCEVQEQPGNCIWC5KNCUVWDGTÃCUGUV±P
KPUVCNCFCUGPGNGZVGTKQTFGWPCUCNCFQPFGUGRWGFGPRTQFWEKTJGNCFCUJC[SWGCKUNCTNCU2CTC
UCECTCIWCEQPFGPUCFCRWTCJC[SWGKPUVCNCTWPUGRCTCFQTFGCEGKVGCIWCFGXGPVCEQOQ
CEEGUQTKQQREKQPCNGP#VNCU%QREQ%QPUWNVGNCUGEEKÉP7PKFCF15&
 %QORTWGDGGNPKXGNFGCEGKVG
'P)#C)#%NCCIWLCFGNKPFKECFQT
)+FGDGGPEQPVTCTUGGPGNECORQUWRGTKQTFGNC\QPC
XGTFGQRQTGPEKOCFGGNNC
5GRWGFGCÇCFKTCEGKVGEQPNCDQVGNNCFGCEGKVGFG#VNCU%QREQSWGUGUWOKPKUVTCRQTUGRCTCFQ
LWPVQEQPGNEQORTGUQT
 2TQX¾CUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG
Ő 'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTCPECTCWVQO±VKECOGPVGFGURW¾UFGKPVGTTWREKÉPFGN
XQNVCLG
UKGUV±CEVKXCFQEQPUWNVGC#VNCU%QREQ
Ő 'NEQORTGUQTXCEQPVTQNCFQCWVQO±VKECOGPVG[RWGFGSWGCTTCPSWGGPEWCNSWKGTOQOGPVQ
 %QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[R±TGNQCNKPUVCPVG%QORTWGDGNCFKTGEEKÉPFG
TQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQ
/EWCPFQIKTCRQTKPGTEKC
'PEQORTGUQTGUTGHTKIGTCFQURQTCKTGEQORTWGDGVCODK¾PNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTFGN
XGPVKNCFQT
.QUEQORTGUQTGU)#C)#%GUV±PFQVCFQUFGWPTGN¾FGUGEWGPEKCFGHCUG
Ő 5KGNEQORTGUQTPQNQITCTCCTTCPECTEQORTWGDGGNFKURNC[
Ő 5KGNFKURNC[OWGUVTCGNRKEVQITCOCFGUQDTGECTICFGNOQVQTQFGNOQVQTFGNXGPVKNCFQT

'NGMVTQPKMQP+EQORTWGDGGNTGN¾FGUGEWGPEKCFGHCUG
Ő 5KGNFKURNC[OWGUVTCWPOGPUCLGFG 5QDTGECTIOQVQT Q /QVQTXGPVKNCF 
'NGMVTQPKMQP++
EQORTWGDGGNTGN¾FGUGEWGPEKCFGHCUG
Ő 5KGN.'&COCTKNNQGUV±CRCICFQNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVCUKGN.'&GUV±
GPEGPFKFQTGCTOGGNTGN¾FGUQDTGECTIC
(
Ő .CFKTGEEKÉPFGTQVCEKÉPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQGUGPUGPVKFQFGNCUCIWLCUFG
WPTGNQLOKTCPFQCNXGPVKNCFQTFGNOQVQT
XKUVQFGUFGGNNCFQPQCEEKQPCFQFGNOQVQT'NOQVQT
VKGPGITCDCFCWPCHNGEJC
Ő 2CTCGNOQVQTFGNXGPVKNCFQTNCFKTGEEKÉPFGTQVCEKÉPEQTTGEVCGUGPUGPVKFQQRWGUVQCNFGNCU
CIWLCUFGWPTGNQLOKTCPFQCNXGPVKNCFQTFGUFGGPEKOCFGNEQORTGUQT
5KNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGG
KPXKGTVCFQUEQPGZKQPGUFGNCUNÃPGCUGN¾EVTKECUFGGPVTCFC
5KNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGGKPXKGTVCFQUEQPGZKQPGUFG
GPVTCFCGPNQUDQTPGUFGNFKU[WPVQT
3
7PCFKTGEEKÉPFGTQVCEKÉPKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQRWGFGECWUCTFCÇQUCN
EQORTGUQT
 'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGNQUCLWUVGUX¾CUGNC
UGEEKÉP#LWUVGU
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++EQORTWGDGNQUCLWUVGU
RTQITCOCFQU%QPUWNVGNCUGEEKÉP#LWUVGURTQITCOCDNGU
 2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCEQPPQTOCNKFCF


 /CPWCNFGKPUVTWEEKQPGU

 #PVGUFGCTTCPECT

2TQEGFKOKGPVQ

 %QORTWGDGGNPKXGNFGCEGKVGCÇCFCUKGURTGEKUQ8¾CUGNCUGEEKÉP#TTCPSWGKPKEKCN
 'P)#C)#%UKGUV±EQORNGVCOGPVGGZVTCÃFCNCRCTVGTQLCFGNKPFKECFQTFGUGTXKEKQFGN
HKNVTQFGCKTGTGGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQ
8+
CRTGVCPFQGNDQVÉPGPGNGZVTGOQFGNEWGTRQ[TGCTOGGNCXKUQFGUGTXKEKQ
2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+X¾CUGNCUGEEKÉP+PXQECEKÉPFG
TGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++X¾CUGNCUGEEKÉP/GPÐ5GTXKEKQ

 #TTCPSWG

2TQEGFKOKGPVQ

2CTCEQPQEGTNCRQUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG
EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ

2CPGNFGEQPVTQNFG'NGMVTQPKMQP+

2CPGNFGEQPVTQNFG'NGMVTQPKMQP++


/CPWCNFGKPUVTWEEKQPGU

2CUQ #EEKÉP
 %QPGEVGGNXQNVCLG%QORTWGDGSWGUGGPEKGPFGGN.'&FGXQNVCLGEQPGEVCFQ

 #DTCNCX±NXWNCFGUCNKFCFGCKTG
 %KGTTGNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O
 2WNUGGNDQVÉPFGCTTCPSWG
FGNRCPGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'&
FGHWPEKQPCOKGPVQCWVQO±VKEQ
UGGPEKGPFG&KG\UGIWPFQUFGURW¾UFGCTTCPECTGNOQVQTFG
CEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTK±PIWNQ[GNEQORTGUQTGORKG\CCHWPEKQPCTGPECTIC

 &WTCPVGGNHWPEKQPCOKGPVQ

2TQEGFKOKGPVQ

2CPGNFGEQPVTQN'NGMVTQPKMQP+

2CPGNFGEQPVTQN'NGMVTQPKMQP++


 /CPWCNFGKPUVTWEEKQPGU

2QUKEKÉPFGNCOKTKNNCFGPKXGNFGCEGKVGGP)#C)#%

%QORTWGDGGNPKXGNFGCEGKVGFWTCPVGGNHWPEKQPCOKGPVQGPECTICNCCIWLCFGNOCPÉOGVTQFGPKXGN
)N
FGDGJCNNCTUGGPNC\QPCXGTFGUKPQGUCUÃRWNUGGNDQVÉPFGRCTCFC
GURGTGCSWGGNEQORTGUQTUG
RCTGFGURTGUWTKEGGNUKUVGOCFGCEGKVG
FGUCVQTPKNNGGNVCRÉPFGNNGPCFQFGCEGKVG(%WPCUQNCXWGNVC[
GURGTGWPQUOKPWVQU'ZVTCKICGNVCRÉP[CÇCFCCEGKVGJCUVCSWGGNPKXGNCNECPEGNCCDGTVWTCFGNVCRÉPFG
NNGPCFQ+PUVCNG[CRTKGVGGNVCRÉP
(%
5KGUV±EQORNGVCOGPVGGZVTCÃFCNCRCTVGEQNQTGCFCFGNKPFKECFQTFGUGTXKEKQ
8+TGGORNCEGGNGNGOGPVQ
FGNHKNVTQFGCKTG4GRQUKEKQPGGNKPFKECFQTFGUGTXKEKQCRTGVCPFQGNDQVÉPGPGNGZVTGOQFGNEWGTRQ
5KGUV±GPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
GNTGIWNCFQTIQDKGTPCGNEQORTGUQT
CWVQO±VKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[XQNXGTCCTTCPECT
5KGUV±RTQXKUVQEQORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGGNHWPEKQPCOKGPVQ%QPUWNVGNCUGEEKÉP
5KUVGOCFGEQPFGPUCFQ[GPECUQFGWP15&EQORTWGDGVCODK¾PGNPKXGNFGNEQNGEVQTFGCEGKVG
EQPUWNVGNCUGEEKÉP+PUVTWEEKQPGUFGOCPVGPKOKGPVQ[HWPEKQPCOKGPVQFG15&.CECPVKFCFFG
EQPFGPUCFQFGRGPFGFGNCUEQPFKEKQPGUFGVTCDCLQ[NCUEQPFKEKQPGUOGFKQCODKGPVCNGU


/CPWCNFGKPUVTWEEKQPGU

 %QORTQDCTGNFKURNC[

2TQEGFKOKGPVQ

2CPGNFGEQPVTQN'NGMVTQPKMQP+

2CPGNFGEQPVTQN'NGMVTQPKMQP++

'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGGNFKURNC[
TGIWNCTOGPVGNQU
RKEVQITCOCUKPFKECPGNGUVCFQFGNEQORTGUQTX¾CUGNCUGEEKÉP2KEVQITCOCUWVKNK\CFQUGPNCRCPVCNNC
*CICNCUIGUVKQPGUPGEGUCTKCUUKGUV±GPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
X¾CPUGNCUUGEEKQPGU
#XKUQFGUGTXKEKQ#XKUQFGRCTCFCFGCNCTOC[2CTCFCFGCNCTOC
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP++EQORTWGDGGNFKURNC[
TGIWNCTOGPVGRCTC
XGTUKJC[CXKUQUQOGPUCLGU0QTOCNOGPVGGNFKURNC[OWGUVTCNCRTGUKÉPFGUCNKFCFGNEQORTGUQTNC
UKVWCEKÉPFGNEQORTGUQT[NCUCDTGXKCVWTCUFGNCUHWPEKQPGUFGNCUVGENCUFGDCLQFGNFKURNC[*CICNCU
IGUVKQPGUPGEGUCTKCUUKGUV±GPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC
X¾CUGNCUGEEKÉP/GPÐ&CVQUFG
GUVCFQ
'PGNFKURNC[
CRCTGEGT±WPCPQVKEKCFGUGTXKEKQUKUGJCGZEGFKFQWPKPVGTXCNQFGNRNCPFGUGTXKEKQQGN
PKXGNFGUGTXKEKQFGWPQFGNQUEQORQPGPVGUOQPKVQTK\CFQU.NGXGCECDQNCUCEEKQPGUFGUGTXKEKQFGNQU
RNCPGUKPFKECFQUQTGGORNCEGGNEQORQPGPVG[TGUVCDNG\ECGNVGORQTK\CFQTGPEWGUVKÉPX¾CUGNCUGEEKÉP
/GPÐ&CVQUFGGUVCFQ


 /CPWCNFGKPUVTWEEKQPGU

 2CTCFC

4GIWNCFQT'NGMVTQPKMQP

2CPGNFGEQPVTQNFG'NGMVTQPKMQP+

2CPGNFGEQPVTQNFG'NGMVTQPKMQP++

2TQEGFKOKGPVQ

2CUQ #EEKÉP
 2WNUGGNDQVÉPFGRCTCFC
'N.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ
UGCRCIC[GN
EQORTGUQTUGFGVKGPGVTCPUEWTTKFQUUGIWPFQUFGHWPEKQPCOKGPVQUKPECTIC
 2CTCRCTCTGNEQORTGUQTGPECUQFGGOGTIGPEKCRWNUGGNDQVÉPFGRCTCFCFG
GOGTIGPEKC
'N.'&FGCNCTOC
RCTRCFGC
'PEQORTGUQTGUEQP'NGMVTQPKMQP+FGURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGNDQVÉP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENCFGTGCTOG
CPVGUFGTGCTTCPECT
'PEQORTGUQTGUEQP'NGMVTQPKMQP++FGURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGNDQVÉP
RCTCFGUDNQSWGCTNQ[RWNUGNCVGENC 4GCT 
CPVGUFGTGCTTCPECT
 %KGTTGNCX±NXWNCFGUCNKFCFGCKTG
#8EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉP
 #DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O%QPUWNVGNCUGEEKÉP5KUVGOCFG
EQPFGPUCFQ


/CPWCNFGKPUVTWEEKQPGU

 2WGUVCHWGTCFGUGTXKEKQ

2TQEGFKOKGPVQ

2CUQ #EEKÉP
 2CTGGNEQORTGUQT[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG
 &GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
 &GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉP
(%%QPUWNVGNCUGEEKÉP%CODKQFG
CEGKVG[HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRÉPFGTGNNGPQ
 #DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O%QPUWNVGNCUGEEKÉP5KUVGOCFG
EQPFGPUCFQRCTCNQECNK\CTNCX±NXWNCFGFTGPCLG
 %KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCX±NXWNCFGUCNKFC
5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
 8CEÃGGNCEGKVG
 8CEÃGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG
EQPFGPUCFQ


 /CPWCNFGKPUVTWEEKQPGU

 /CPVGPKOKGPVQ

 /QVQTFGCEEKQPCOKGPVQ

2CTC)#C)#%
.QUEQLKPGVGUFGNOQVQTGUV±PNWDTKECFQUFGRQTXKFC

 2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ

#XKUQ

#PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKÉPFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVG
RTQEGFCFGNCUKIWKGPVGOCPGTC
Ő 2CTGGNEQORTGUQT
Ő 2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
Ő &GUEQPGEVGGNXQNVCLG
Ő %KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCX±NXWNCFGFTGPCLGOCPWCNFGN
EQPFGPUCFQUKGZKUVG
Ő &GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU

)CTCPVÃC[TGURQPUCDKNKFCFFGNRTQFWEVQ
7VKNKEGÐPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCÇQQCXGTÃCTGUWNVCPVGFGNWUQFGRKG\CUPQ
CWVQTK\CFCUPQGUV±EWDKGTVQRQTNC)CTCPVÃCPKRQTNC4GURQPUCDKNKFCFFGN2TQFWEVQ

,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
5GGPEWGPVTCPFKURQPKDNGU UGTXKEGMKVU RCTCTGXKUKQPGUQOCPVGPKOKGPVQRTGXGPVKXQ
X¾CUGNCUGEEKÉP
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU

%QPVTCVQUFGUGTXKEKQ
#VNCU%QREQQHTGEGXCTKQUVKRQUFGEQPVTCVQUFGUGTXKEKQGXKV±PFQNGCUÃEWCNSWKGTVTCDCLQFG
OCPVGPKOKGPVQRTGXGPVKXQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ

)GPGTCNKFCFGU
#NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVÉTKECU[CTCPFGNCUFGUOQPVCFCU

+PVGTXCNQU
'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQ
GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKÉPFGNCUEQPFKEKQPGUCODKGPVCNGU
[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODK¾PKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU


/CPWCNFGKPUVTWEEKQPGU

#EEKQPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP+
#FGO±UFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGP
KPVGTXCNQUFGVKGORQ
JQTCUFGHWPEKQPCOKGPVQ'NTGIWNCFQTGUV±FQVCFQFGWPVGORQTK\CFQTFGUGTXKEKQ
RTQITCOCDNG#RCTGEGT±WPCXKUQFGUGTXKEKQCNCNECP\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFG
VKGORQRTQITCOCFQEQPUWNVGNCUGEEKÉP#XKUQFGUGTXKEKQ'PVCNECUQJC[SWGEQORTQDCTNCUJQTCUFG
HWPEKQPCOKGPVQ4GCNKEGNCUQRGTCEKQPGUFGUGTXKEKQSWGEQTTGURQPFGPCNCUJQTCUFGHWPEKQPCOKGPVQ
GURGEKHKECFCUGPGNRTQITCOCUKIWKGPVG4GCTOGGNVGORQTK\CFQTFGUGTXKEKQFGURW¾UFGCECDCFQGN
UGTXKEKQEQPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ

2NCPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP++
#FGO±UFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRCPGPRNCPGU
NNCOCFQU2NCPGUFG5GTXKEKQ#$GVEEQOQUGGURGEKHKECGPGNRTQITCOCUKIWKGPVG%CFCRNCPVKGPGWP
KPVGTXCNQFGVKGORQRTQITCOCFQCNSWGFGDGPNNGXCTUGCECDQVQFCUNCUCEEKQPGUFGUGTXKEKQ
RGTVGPGEKGPVGUCFKEJQRNCP#NCNECP\CTGNKPVGTXCNQCRCTGEGT±WPOGPUCLGGPNCRCPVCNNCSWGKPFKECSW¾
2NCPGUFGUGTXKEKQFGDGPTGCNK\CTUGEQPUWNVGNCUGEEKÉP/GPÐ&CVQUFGGUVCFQ*C[SWGTGCTOCTNQU
KPVGTXCNQUFGURW¾UFGNUGTXKEKQEQPUWNVGNCUGEEKÉP/GPÐ5GTXKEKQ

2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
)GPGTCNKFCFGU

2GTÃQFQ 1RGTCEKÉP
&KCTKQ %QORTWGDGGNPKXGNFGNCEGKVG
ŋ %QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
ŋ %QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTCPVGNCECTIC
ŋ 2WTIWGGNEQPFGPUCFQ
ŋ 2CTC)#C)#%EQORTWGDGGNKPFKECFQTFGUGTXKEKQFGNHKNVTQFGCKTG
%CFCOGUGU %QORTWGDGNQUTGHTKIGTCFQTGUNÃORKGNQUGPECUQRTGEKUQ
ŋ 2CTC)#C)#%EQP+(&EQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[NÃORKGNQUKGU
PGEGUCTKQ
ŋ 'ZVTCKICGNGNGOGPVQHKNVTCPVGFGCKTG.KORKCTEQPEJQTTQFGCKTG[TGXKUCT
/±UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ
4GGORNCEGGNGOGPVQUFCÇCFQUQOW[EQPVCOKPCFQU

2CTC)#C)#%

*QTCUFG 2NCPFGUGTXKEKQ 1RGTCEKÉP

HWPEKQPCOKGPVQ
  5KUGWVKNK\C#VNCU%QREQ(QQF)TCFG(NWKFECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
 # 5KUGWVKNK\C#VNCU%QREQ4QVQKPLGEV(NWKFECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
  5KUGWVKNK\C#VNCU%QREQ5[PVJGVKE2#1(NWKFRCTCCRNKECEKQPGUFG
OGODTCPCECODKGGNCEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG
 # 4GGORNCEGGNGNGOGPVQHKNVTCPVGFGCKTG
 $ %QORTWGDGNCUNGEVWTCUFGRTGUKÉP[VGORGTCVWTC
 $ .NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[
 $ %QORTWGDGRQTUKJC[HWICUFGCKTG
 $ .KORKGNQUTGHTKIGTCFQTGU


 /CPWCNFGKPUVTWEEKQPGU

*QTCUFG 2NCPFGUGTXKEKQ 1RGTCEKÉP

HWPEKQPCOKGPVQ
 $ 2CTC)#C)#%EQP+(&NKORKGGNEQPFGPUCFQTFGNUGECFQT
 $ 'ZVTCKICFGUOCPVGNG[NKORKGNCX±NXWNCFGHNQVCFQTFGNEQNGEVQT
FGEQPFGPUCFQ%QPUWNVGNCUGEEKÉP5KUVGOCFGEQPFGPUCFQ
 $ 2TWGDGNCHWPEKÉPFGRCTCFCFGVGORGTCVWTC
 $ 2TWGDGNCUX±NXWNCUFGUGIWTKFCF
 $ 5KUGWVKNK\C#VNCU%QREQ*&4QVQ(NWKF2NWUECODKGGNCEGKVG[
TGGORNCEGGNHKNVTQFGCEGKVG
 $ 4GGORNCEGGNUGRCTCFQTFGCEGKVG1UKNCECÃFCFGRTGUKÉPUQDTG
GNUGRCTCFQTGZEGFGDCT
RUK%QORTWGDGNCECÃFCFG
RTGUKÉPEQPGNEQORTGUQTVTCDCLCPFQGPECTIC[RTGHGTKDNGOGPVG
EQPWPCRTGUKÉPFGVTCDCLQGUVCDNG
  5KUGWVKNK\C#VNCU%QREQ4QVQ'ZVTGOG&WV[(NWKFECODKGGN
CEGKVG[TGGORNCEGGNHKNVTQFGCEGKVG

+ORQTVCPVG

Ő %QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT
Ő 2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU
GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKÉPEQPUWNVGC#VNCU
%QREQ
Ő &GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTÃCUQLWPVCU
HNGZKDNGUFCÇCFCU

 'URGEKHKECEKQPGUFGNCEGKVG

0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU

5GTGEQOKGPFCOW[GPECTGEKFCOGPVGWVKNK\CT#VNCU%QREQ(NWKF
EQPUWNVGNCUGEEKÉP2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ

#VNCU%QREQ4QVQ+PLGEV(NWKF
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 /CPWCNFGKPUVTWEEKQPGU

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/CPWCNFGKPUVTWEEKQPGU

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 /CPWCNFGKPUVTWEEKQPGU

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 /CPWCNFGKPUVTWEEKQPGU

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.CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPO±UGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU
CDCLQ
.CECÃFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC
PGEGUCTKQWVKNK\CTECDNGUFGVCOCÇQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
GUVCGZKIGPEKC

6COCÇQFGECDNGU

)# )# )# )# )#%

(TGEWGPEKC 8QNVCLG 6COCÇQFG 6COCÇQFG 6COCÇQFG 6COCÇQFG 6COCÇQFG
*\
8 ECDNGU ECDNGU ECDNGU ECDNGU ECDNGU
+'% 'UVTGNNCVTK±PIWNQ OO OO OO OO OO
      
      
      
      
      
      
      
      
      
%5#7. &1. #9) #9) #9) #9) #9)
  #9) #9)   
  #9) #9)   
  #9) #9) #9) #9) #9)
  #9) #9) #9) #9) #9)
%5#7. 'UVTGNNCVTK±PIWNQ #9) #9) #9) #9) #9)
    #9) #9) 
    #9) #9) 


/CPWCNFGKPUVTWEEKQPGU

 #LWUVGUFGNFKU[WPVQTFGNOQVQTFGNXGPVKNCFQT

&KU[WPVQT

8GPVKNCFQTTCFKCNFG 8GPVKNCFQTCZKCNFG 8GPVKNCFQTTCFKCNFG

)#C)# )#C)# )#%
'NGMVTQPKMQP+

'NGMVTQPKMQP++
'NGMVTQPKMQP+ [++
(TGEWGPEKC 8QNVCLG
8 &KU[WPVQTFGNOQVQT &KU[WPVQTFGNOQVQT &KU[WPVQTFGNOQVQT

*\ FGNXGPVKNCFQT3
# FGNXGPVKNCFQT3
# FGNXGPVKNCFQT3
#
+'% 'UVTGNNC
VTK±PIWNQ
    
    
    
    
    
    
    
    
    
%5#7. &1.
    
    
    
    
%5#7. 'UVTGNNC 5ÉNQRCTC)#[ 5ÉNQRCTC)#[
VTK±PIWNQ )# )#
    
    


 /CPWCNFGKPUVTWEEKQPGU

 #LWUVGUFGTGN¾FGUQDTGECTIC[HWUKDNGU

4GN¾FGUQDTGECTIC[HWUKDNGU

)# )# )# )#

(TGEWGPEKC
*\ 8QNVCLG
8 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU
UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU
(
# UWOKPKUVTQ (
# UWOKPKUVTQ
FGN FGN
EQORTGUQT EQORTGUQT

#
#
+'% 'UVTGNNCVTK±PIWNQ I.I) I.I)
     
     
     
     
     
     
     
     
     
%5#7. &1. %5#*4% %5#*4%
7.4- 7.4-
     
     
     
     

)# )# )# )# )#% )#%

(TGEWGPEK 8QNVCLG 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU
C
*\
8 UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU
(
# UWOKPKUVTQ (
# UWOKPKUVTQ (
# UWOKPKUVTQ
FGN FGN FGN
EQORTGUQT EQORTGUQT EQORTGUQT

#
#
#
+'% 'UVTGNNC I.I) I.I) I.I)
VTK±PIWNQ
       
       
       
       
       
       
       
       


/CPWCNFGKPUVTWEEKQPGU

)# )# )# )# )#% )#%

(TGEWGPEK 8QNVCLG 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU 4GN¾FG (WUKDNGU
C
*\
8 UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU UQDTGECTIC RTKPEKRCNGU
(
# UWOKPKUVTQ (
# UWOKPKUVTQ (
# UWOKPKUVTQ
FGN FGN FGN
EQORTGUQT EQORTGUQT EQORTGUQT

#
#
#
       
%5#7. 'UVTGNNC %5#*4% %5#*4% %5#*4%
VTK±PIWNQ 7.4- 7.4- 7.4-
       
       
%5#7. &1. %5#*4% %5#*4% %5#*4%
7.4- 7.4- 7.4-
       
       

 +PVGTTWRVQTGUFGNUGECFQT
+(&

)GPGTCNKFCFGU
.QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUV±PCLWUVCFQUGPH±DTKECRCTCQDVGPGTGNO±ZKOQ
TGPFKOKGPVQFGNUGECFQT
5GRTQJÃDGCNVGTCTGNCLWUVGFGFKEJQUFKURQUKVKXQU

)#C)#%

+PVGTTWRVQTFGEQPVTQNFGXGPVKNCFQTFG
EQPFGPUCFQT
2TGUKÉPFGEQTVG DCT
G 
2TGUKÉPFGEQPGZKÉP DCT
G 

 %QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU

%QPFKEKQPGUFGTGHGTGPEKC

2TGUKÉP
CDUQNWVCFGGPVTCFCFGCKTG DCT 
2TGUKÉP
CDUQNWVCFGGPVTCFCFGCKTG RUK 
6GORGTCVWTCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCFGGPVTCFCFGCKTG u( 
*WOGFCFTGNCVKXC  
2TGUKÉPFGVTCDCLQRCTC)#C)#% %QPUWNVGNCUGEEKÉP&CVQUFGN
EQORTGUQTRCTC)#C)#%


 /CPWCNFGKPUVTWEEKQPGU

.ÃOKVGU

2TGUKÉPFGVTCDCLQO±ZKOCRCTC)#C)#% %QPUWNVGNCUGEEKÉP&CVQUFGN
EQORTGUQTRCTC)#C)#%
2TGUKÉPOÃPKOCFGVTCDCLQ DCT
G 
2TGUKÉPOÃPKOCFGVTCDCLQ RUKI 
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG u( 
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG u% 
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG u( 

 &CVQUFGNEQORTGUQTRCTC)#C)#%

%QPFKEKQPGUFGTGHGTGPEKC

6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKÉPUGCRNKECPDCLQEQPFKEKQPGUFG
TGHGTGPEKCX¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU

)#

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉP
FG DCT
G        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉP
FG RUKI        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
%CÃFCFGRTGUKÉP RUKI        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC M9        
CNKOGPVCFC2CEM
(WNN(GCVWTG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
2QVGPEKC JR        
CNKOGPVCFC2CEM
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
2CEM(WNN(GCVWTG

EQPHQTOGC+51



)#

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉP
FG DCT
G        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉP
FG RUKI        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC M9        
CNKOGPVCFC2CEM
(WNN(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC2CEM
(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
2CEM(WNN(GCVWTG

EQPHQTOGC+51



)#

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉP
FG DCT
G        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉP
FG RUKI        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC M9        
CNKOGPVCFC2CEM
(WNN(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC2CEM
(WNN(GCVWTG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
2CEM(WNN(GCVWTG

EQPHQTOGC+51



)#

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉP
FG DCT
G        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉP
FG RUKI        
FGUECTICO±ZKOC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGUGECFQT
WPKFCFGU(WNN
(GCVWTG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG
2QVGPEKC M9        
CNKOGPVCFC2CEM
(WNN(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC2CEM
(WNN(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
2QVGPEKC M9        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
2QVGPEKC JR        
CNKOGPVCFC
9QTMRNCEG(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQT
EQPECTICPWNC
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
2CEM(WNN(GCVWTG

EQPHQTOGC+51



)#%

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
(TGEWGPEKC *\        
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
2TGUKÉPO±ZKOC
FG DCT
G        
FGUECTIC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPO±ZKOC
FG RUKI        
FGUECTIC
WPKFCFGU(WNN
(GCVWTG
2TGUKÉPFGVTCDCLQ DCT
G        
PQOKPCN
2TGUKÉPFGVTCDCLQ RUKI        
PQOKPCN
%CÃFCFGRTGUKÉP DCT
G        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG
%CÃFCFGRTGUKÉP RUKI        
UQDTGGNUGECFQT
WPKFCFGU(WNN
(GCVWTG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
8GNQEKFCFFGNGLG TOKP        
FGNOQVQT
2WPVQFGCLWUVG u%        
X±NXWNC
VGTOQUV±VKEC
2WPVQFGCLWUVG u(        
X±NXWNC
VGTOQUV±VKEC
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZ
6GORGTCVWTCFGN u%        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
6GORGTCVWTCFGN u(        
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC

CRTQZWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u%        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2WPVQFGTQEÃQC u(        
RTGUKÉPWPKFCFGU
(WNN(GCVWTG
2QVGPEKC M9        
CNKOGPVCFC2CEM
2QVGPEKC JR        
CNKOGPVCFC2CEM
2QVGPEKCFG M9        
GPVTCFC9QTMRNCEG
2QVGPEKCFG JR        
GPVTCFC9QTMRNCEG
2QVGPEKCFG M9        
GPVTCFC)4(WNN
HGCVWTG
2QVGPEKCFG JR        
GPVTCFC)4(WNN
HGCVWTG
2QVGPEKCFG M9        
GPVTCFC9QTMRNCEG
(WNN(GCVWTG


 /CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
2QVGPEKCFG JR        
GPVTCFC9QTMRNCEG
(WNN(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG M9        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
%QPUWOQFG JR        
GPGTIÃC
UGECFQTC
RNGPCECTIC
WPKFCFGU(WNN
(GCVWTG
6KRQFG 4C 4C 4C 4C 4C 4C 4C 4C
TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN MI        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CPVKFCFVQVCN ND        

TGHTKIGTCPVG
WPKFCFGU(WNN
(GCVWTG
%CRCEKFCFFG N        
CEGKVG


/CPWCNFGKPUVTWEEKQPGU

7PKFCF DCT DCT DCT DCT    

GU RUK RUK RUK RUK
%CRCEKFCFFG 75ICN        
CEGKVG
%CRCEKFCFFG +ORICN        
CEGKVG
%CRCEKFCFFG EWHV        
CEGKVG
0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC
9QTMRNCEG[
9QTMRNCEG(WNN
(GCVWTG
EQPHQTOG
C+51

0KXGNFGRTGUKÉP F$
#        
CEÐUVKEC2CEM[
2CEM(WNN(GCVWTG

EQPHQTOGC+51




 /CPWCNFGKPUVTWEEKQPGU

 +PUVTWEEKQPGURCTCGNWUQFGNFGRÉUKVQFGCKTG

 +PUVTWEEKQPGUFGWUQ

2CTC)#C)#%

 'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN
SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
 'UVGTGEKRKGPVGUGWUCT±ÐPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG
[HWPEKQPCT±FGPVTQFGNQUNÃOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
 0QFGDGTGCNK\CTPKPIWPCOQFKHKECEKÉPGPGUVGTGEKRKGPVGPKUQNFCPFQPKVCNCFTCPFQPK
RQTPKPIÐPQVTQO¾VQFQOGE±PKEQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
 5GKPFKECT±PENCTCOGPVGNCRTGUKÉP[VGORGTCVWTCFGGUVGTGEKRKGPVG
 .CX±NXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTCPUKVQTKQUFGRTGUKÉPFG
XGEGUNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQ&GDGICTCPVK\CTSWGNCRTGUKÉPPQ
GZEGFGT±RGTOCPGPVGOGPVGNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
 7VKNKEGUÉNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKECPVG
 2QTNQVCPVQPQJC[PGEGUKFCFKPVTÃPUGECFGTGCNK\CTKPURGEEKQPGUKPVGTOGFKCUFGN
TGEKRKGPVGUK¾UVGUGWVKNK\CFGPVTQFGNQUNÃOKVGUFGFKUGÇQ[RCTCNQUHKPGUFGWUQRCTC
NQUSWGUGJCRTGXKUVQ
 2CTC)#C%UGWUCT±PÐPKECOGPVGRGTPQUQTKIKPCNGUFGURW¾UFGCDTKTRCTCWPC
KPURGEEKÉPKPVGTPC*C[SWGVQOCTGPEQPUKFGTCEKÉPGNOQOGPVQFGVQTUKÉPO±ZKOQ
RCTCRGTPQU/0O
NDHHV
RCTCRGTPQU/0O

NDHHV



/CPWCNFGKPUVTWEEKQPGU

 2'&

 &KTGEVKXCUUQDTGGSWKRQUCRTGUKÉP

%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'UWRGTKQTGUQGSWKXCNGPVGUCNC
ECVGIQTÃC++

6KRQFGEQORTGUQT 0ÐOGTQFGRKG\C &GUETKREKÉP %NCUGFG2'&

)#C)#%  8±NXWNCFGUGIWTKFCF +8
 8±NXWNCFGUGIWTKFCF +8
 8±NXWNCFGUGIWTKFCF +8
 4GEKRKGPVG ++
 8±NXWNCFGUGIWTKFCF +8

%NCUKHKECEKÉPIGPGTCN
2CTC)#C)#%NQUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP
2'&RCTCGSWKRQU
EQPWPCECVGIQTÃCKPHGTKQTCNC%CVGIQTÃC++


GA11, GA15, GA18, GA22, GA30C

Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra
convicción de que sólo podremos destacar en lo que
hacemos si ofrecemos la mejor experiencia tecnológica
posible para ayudar realmente a nuestros clientes a
producir, crecer y triunfar.

Sólo hay una forma de conseguirlo – nosotros lo

llamamos simplemente el estilo Atlas Copco. Se basa en
la interacción, las relaciones a largo plazo y la
participación en los procesos, necesidades y objetivos de
los clientes. Significa que debemos ser flexibles para
adaptarnos a los variados requisitos de las personas que
confían en nosotros.

El compromiso con el negocio de nuestros clientes

dirige nuestro esfuerzo para aumentar su productividad
mediante mejores soluciones. Un compromiso que
comienza prestando pleno apoyo a los productos
existentes y mejorando las cosas continuamente. Pero no
nos detenemos aquí, concebimos y realizamos avances
tecnológicos a través de la innovación. No por simple
amor a la tecnología, sino pensando en los resultados y
en la tranquilidad de nuestros clientes.

Así es como Atlas Copco se esforzará por seguir siendo

la primera elección, atraer nuevos negocios y mantener
nuestra posición como líder de la industria.