You are on page 1of 5

#.8.

PUPSSBE

'3 5FHVTUBDPOEVDJS
63#"/"
-BDBSSFUFSBDVFOUBBIPSBDPOVOBBUSBDDJ³ON¡T)BMMFHBEPBMHVJFO
OVFWPBMBDJVEBEZWBFOTFSJP-B'ꞗꞙꞙ3FTMBOVFWB/BLFEEF
#.8.PUPSSBEѭEFNBOFKP¡HJMZQSFDJTP DPNQBDUBZEFMMBNBUJWP
EJTF±P

"IPSBQVFEFTDPORVJTUBSMBDBSSFUFSBDPOVOFTUJMPºOJDP&TUB3PBETUFS
OPUJFOFDPNQFUJEPSFT FTVOBVU©OUJDPGPDPEFBUFODJ³OZFTU¡IFDIB
QBSBMBBDDJ³OTPCSFFMBTGBMUP4FBQBSBDPOEVDJSEJO¡NJDBNFOUFQPS
MBDJVEBEPQBSBEPNJOBSMPTN¡TUPSUVPTPTDBNJOPT MB'ꞗꞙꞙ3TF
TJFOUFBHVTUPFOUPEBTQBSUFT
'ꕔꕖꕖ3

&45*-0
4VTM­OFBTDMBSBTZNJOJNBMJTUBTIBDFOEFMB'ꞗꞙꞙ3VOWFSEBEFSP
GPDPEFBUFODJ³O&MS­HJEPCBTUJEPSEFBMVNJOJP FMEJTF±PEFMBDV
CJFSUBEFM"JSCPYQBSBPQUJNJ[BSFMDJFSSFEFMBTSPEJMMBTZFMGBSPBTJN©
USJDPTPOJOFRV­WPDBNFOUFTF±BTEFJEFOUJEBE#.8

&TDPHFUVDPMPSQSFGFSJEPѶCMBODPBMQJOPOFHSPCSJMMBOUFѷ ѶOBSBOKB
GVFHPѷPѶBMVNJOJPѷDVBMRVJFSBEFFTUBTQJOUVSBTBSNPOJ[BDPOFM
OFHSPEFMBTSVFEBT EFMDIBTJTZEFMNPUPSQBSBDPOTFHVJSVOBTQFDUP
BUSBDUJWPZNPEFSOP1FSPVOCVFOBTQFDUPOPTJHOJꠋDBNVDIPTJUº
OPUFTJFOUFTUBNCJ©OBHVTUPVOBQPTUVSBBHSBEBCMFZVOFSHPO³NJ
DPQVFTUPEFDPOEVDDJ³OTFEBOQPSTVQVFTUPTFOMB'ꞗꞙꞙ3

-BQPTJCJMJEBEEFFMFHJSFOUSFEJTUJOUBTBMUVSBTEFMBTJFOUPHBSBOUJ[B
MBNBZPSDPNPEJEBEZVOQFSGFDUPDPOGPSU+VOUPDPOTVEJTF±PDPN
QBDUP MB'ꞗꞙꞙ3PGSFDFVOBFTQFDUBDVMBSTFOTBDJ³OEFBHJMJEBEZ
MJHFSF[B EFNBOFSBRVFDBEBWJBKFTFBDPNQB±BEFVOBEFTDBSHB
EFBESFOBMJOB1BSBHBSBOUJ[BSRVFFTUBPCSBEFBSUFTPCSFSVFEBT
FTU©FYDMVTJWBNFOUFBUVTFSWJDJPUFPGSFDFNPTEFTFSJFVOCMPRVFP
EFBSSBORVFZ BEJDJPOBMNFOUF VOBBMBSNBBOUJSSPCP
5&$/0-0(" &26*1".*&/5001$*0/"-%&'#3*$"
$POT³MPꞐꞖꞖLH MB'ꞗꞙꞙ3FTVOWFSEBEFSPQFTPMJHFSP ZHSB ѭ #.8.PUPSSBE"#4
DJBTBTVTꞕꞓ,8 ꞗꞖ$7
EFQPUFODJBZVOQBSNPUPSEFꞗꞕ/NB ѭ 1BSBCSJTBT4QPSUFOFMDPMPSEFMWFI­DVMP
ꞕꞙꞙꞙSQNQSPQPSDJPOBVOBTJNQSFTJPOBOUFTQSFTUBDJPOFTFOMB ѭ 0SEFOBEPSEFBCPSEP
DBSSFUFSB ѭ *OUFSNJUFOUFT-&%
ѭ $POUSPMEFMBQSFTJ³OEFMPTOFVN¡UJDPT 3%$

&MNPUPSCJDJM­OESJDPEFꞖꞘꞗDDZDVBUSPUJFNQPT DPOEPT¡SCPMFT
EFMFWBTFODBCF[BUFDPOEVDJS¡¡HJMNFOUFZTJOFTGVFS[PQPSUP
&26*1".*&/50"*/45"-"3&/&-$0/$&4*0/"3*0
EPTMPTSJODPOFTZUFUSBOTNJUJS¡FOUPEPNPNFOUPMBQPUFODJB
RVFOFDFTJUFT6OCBTDVMBOUFEFEPCMFCSB[PEFGVOEJDJ³OEF ѭ 4JMFODJPTP4QPSU"LSBQPWJÇn
BMVNJOJPDPOUSBOTNJTJ³OQPSDBEFOBUSBTMBEBMBGVFS[BBMBSVFEB ѭ -V[USBTFSB-&%
USBTFSBEFGPSNBFꠋDJFOUFZꠋBCMF&MEFQ³TJUPEFHBTPMJOBFTU¡ ѭ $VCJFSUBEFMBTJFOUPEFMBDPNQB±BOUF
TJUVBEPCBKPFMBTJFOUP MPRVFCBKBFMDFOUSPEFHSBWFEBEZDPO ѭ .PMEVSBEFMSBEJBEPSEFBMVNJOJP
USJCVZFBDPOTFHVJSVOBFYDFMFOUFNBOJPCSBCJMJEBE ѭ 4QPJMFSEFMNPUPS
ѭ .BMFUB4QPSU
(SBDJBTBMGSFOPEFEPTEJTDPTꠌPUBOUFTEFꞒꞑꞙNNEFEJ¡NFUSP
ZBMBTQJO[BTꠋKBTEFDVBUSP©NCPMPTѲ#SFNCPѳ BT­DPNPBM"#4
PQDJPOBM FTU¡TCJFOQSFQBSBEPQBSBUPEPMPRVFQVFEBTVSHJSFO
MBDBSSFUFSB

-B'ꞗꞙꞙ3PGSFDFVODPNQMFUPFRVJQBNJFOUP QFSPTJEFTFBT
QFSTPOBMJ[BSMBBVON¡TOPIBZOJOHºOQSPCMFNBHSBDJBTBVOB
TFSJFEFBDDFTPSJPTIFDIPTBNFEJEBѭQPSFKFNQMPDPOVOTJMFO *.1"3"#-&1'&*''&3
DJPTP4QPSUEF"LSBQPWJÇnEFFTDBTPQFTPZSFEPOEPTPOJEP 
/PVOBOJEPT TJOPUSFTWFDFTѶDBNQF³OEFMNVOEP*OEPPSѶ FM
DPOJOUFSNJUFOUFT-&%PDPOVOQBSBCSJTBTDPOQJOUVSBBKVFHP
QJMPUPBMFN¡O$ISJT1GFJGGFSFTWFSEBEFSBNFOUFFMNFKPSZBEJWJ
4JOFNCBSHP FMDBS¡DUFSFTBMHPRVFDPNQBSUFOEFTFSJFUPEBT OBEDV¡MFTTVNPUPҀ%FTEFRVFUFO­BDJODPB±PTDPOWJWFDPOMB
MBTNPUPDJDMFUBT#.8ZMB'ꞗꞙꞙ3OPFTEFTEFMVFHPVOBFY QBTJ³OQPSMBTNPUPDJDMFUBT:DV¡MQSFꠋFSFBIPSB -B'ꞗꞙꞙ3
DFQDJ³O EF#.8.PUPSSBE

$POTVNBOFKPFOMBTSFBDDJPOFTS¡QJEBTZTVNBOJPCSBCJMJEBE 
FODPNCJOBDJ³ODPOTVFTDBTPQFTPZTVGVFS[BGVMNJOBOUF 
$ISJTFTU¡DPOWFODJEPEFIBCFSFODPOUSBEPFOMB'ꞗꞙꞙ3TV
DPNQB±FSBQFSGFDUB
'ꕔꕖꕖ3
%"5045‰$/*$04
.0503 #.8.PUPSSBE
5JQP .PUPSEFDVBUSPUJFNQPTZEPTDJMJOESPT SFGSJHFSBEPQPSBHVB DPODVBUSPW¡MWVMBTQPS
DJMJOESPZEPT¡SCPMFTEFMFWBTFODBCF[B FOHSBTFQPSD¡SUFSTFDP
%J¡NFUSPYDBSSFSB 贼贶NNY贻费 贺NN
$JMJOESBEB 贻贽贼DD
1PUFODJBOPNJOBM 贺贸L8 贼贻$7
B贼贾贾贾SQN
3FEVDDJ³OEFQPUFODJB贶费L8 贷贸$7
B贺贾贾贾SQN

1BSNPUPSN¡YJNP 贼贺/NB贺贾贾贾SQN 3FEVDDJ³OEFQPUFODJB费贼/NB贷贶费贾SQN

3FMBDJ³OEFDPNQSFTJ³O 贵贶 贾贵 '3 5FHVTUBDPOEVDJS


1SFQBSBDJ³OEFMDPNCVTUJCMF$POUSPMEFMNPUPS *OZFDDJ³OFMFDUS³OJDB FMFDUS³OJDBEJHJUBMEFMNPUPS #.4,1

-JNQJF[BEFHBTFTEFFTDBQF $BUBMJ[BEPSSFHVMBEPEF贷W­BT OPSNBEFHBTFTEFMFTDBQF&6贷

13&45"$*0/&4$0/46.0
7FMPDJEBEN¡YJNB .¡TEF贶贾贾LNI
$POTVNPBWFMPDJEBEDPOTUBOUFEF贽贾LNI 贷 贺M
$POTVNPBWFMPDJEBEDPOTUBOUFEF贵贶贾LNI 贸 贼M
$PNCVTUJCMF 4JOQMPNPEFBMNFOPT贽费PDUBOPT

4*45&."&-‰$53*$0
(FOFSBEPS "MUFSOBEPSUSJG¡TJDP贸贾贾8
#BUFS­B 贵贶7贵贸"I TJONBOUFOJNJFOUP

53"/4.*4*“/
&NCSBHVF %FEJTDPTNºMUJQMFTFOCB±PEFBDFJUF EFBDDJPOBNJFOUPNFD¡OJDP
$BKBEFDBNCJPT %FTFJTNBSDIBT JOUFHSBEBFOMBDBSDBTBEFMNPUPS
1SPQVMTJ³OTFDVOEBSJB $BEFOBEFBOJMMPTUPSPJEBMFTDPOSFUSPBNPSUJHVBDJ³OFOFMCVKFEFMBSVFEBUSBTFSB #MBODPBMQJOPOFHSPCSJMMBOUF

53&/%&30%"+&'3&/04
#BTUJEPS #BTUJEPSEFBMVNJOJPDPONPUPSBVUPQPSUBOUF
4VTQFOTJ³OEFMBSVFEBEFMBOUFSB )PSRVJMMBUFMFTD³QJDB ˜贸贷NN
4VTQFOTJ³OEFMBSVFEBUSBTFSB #BTDVMBOUFEFEPCMFCSB[PEFGVOEJDJ³OEFBMVNJOJP BNPSUJHVBEPSDFOUSBM QSFDBSHB
SFHVMBCMFIJES¡VMJDBNFOUFZFYUFOTJ³ONBOVBMNFOUF
$BSSFSBºUJMEFMBOUFEFUS¡T 贵贶费NN贵贶费NN
%JTUBODJBFOUSFFKFT 贵费贶贾NN
"WBODF 贽贵NN
OHVMPEFMNBOJMMBS 贺费p
3VFEBT -MBOUBTEFGVOEJDJ³OEFBMVNJOJP
5BNB±PEFMBMMBOUBEFMBOUFSB 贷 费贾Y贵贻
5BNB±PEFMBMMBOUBUSBTFSB 费 费贾Y贵贻
/FVN¡UJDPEFMBOUFSP 贵贶贾贻贾;3贵贻
/FVN¡UJDPUSBTFSP 贵贼贾费费;3贵贻
'SFOPEFMBOUFSP 'SFOPEFEPTEJTDPT趒PUBOUFTEF贷贶贾NNEFEJ¡NFUSP QJO[BT趑KBTEFDVBUSP©NCPMPT
'SFOPUSBTFSP .POPEJTDPEF贶贺费NNEFEJ¡NFUSPDPOQJO[B趒PUBOUFEFVO©NCPMP
"#4 &RVJQBNJFOUPPQDJPOBM#.8.PUPSSBE"#4 /BSBOKBGVFHP

1&404:%*.&/4*0/&4
"MUVSBEFMBTJFOUPDPOQFTPFOWBD­P 贼贾贾NN BTJFOUPCBKP贻贻费NN BTJFOUPBMUP贼贶费NN

-POHJUVEEFMBSDPEFQBTPDPOQFTPFOWBD­P 贵贻贻贾NN BTJFOUPCBKP贵贻贶贾NN BTJFOUPBMUP贵贼贶贾NN

1FTPFOWBD­PFOEJTQPTJDJ³OEFNBSDIBDPOFMEFQ³TJUP 贵贽贽LH
MMFOP贵
1FTPFOTFDP贶 贵贻贻LH
1FTPUPUBMBENJTJCMF 贸贾费LH
$BSHBBENJTJCMF DPOFRVJQBNJFOUPEFTFSJF
贶贾贺LH
$BQBDJEBEºUJMEFMEFQ³TJUP 贵贺 贾M
3FTFSWBEF "QSPY贸 贾M
-POHJUVE 贶贵贸费NN
"MUVSB TJOSFUSPWJTPSFT
贵贵贺贾NN
"ODIVSB FOUSFSFUSPWJTPSFT
贽贾费NN

-BTEJNFOTJPOFTTFSF趑FSFOBMQFTPFOWBD­P
贵4FHºOMBEJSFDUJWB贽贷贽贷&8( FOEJTQPTJDJ³OEFNBSDIB DPOUPEPTMPTNFEJPTEFGVODJPOBNJFOUPZFMEFQ³TJUPMMFOPDPOBMNFOPTFM贽贾EFTVDBQBDJEBEºUJM
贶1FTPFOWBD­PTJONFEJPTEFGVODJPOBNJFOUP
"MVNJOJP

&TUFGPMMFUPDPSSFTQPOEFBMBTFTQFDJ趑DBDJPOFTZFRVJQBNJFOUPEFMPTWFI­DVMPTDPNFSDJBMJ[BEPTBUSBW©TEFMB3FEEF$PODFTJPOBSJPTEF#.8*C©SJDB 4"&MDPOTUBOUFJOUFS©TQPSNFKPSBSMBTFTQFDJ趑DBDJPOFT EJTF±PZQSPEVDDJ³OEFMPTWFI­DVMPTEBMVHBSBRVFTF


QSPEV[DBOMBTDPOTJHVJFOUFTNPEJ趑DBDJPOFT"QFTBSEFUPNBSUPEBTMBTNFEJEBTQPTJCMFTQBSBBTFHVSBSMBFYBDUJUVEEFMGPMMFUP ©TUFQVFEFDPOUFOFSFSSPSFTZOPEFCFDPOTJEFSBSTFDPNPVOEPDVNFOUPWJODVMBOUFFODVBOUPBMBTFTQFDJ趑DBDJPOFTBDUVBMFT OJUBNQPDP
DPOTUJUVZFVOBPGFSUBEFWFOUBEFFTUPTWFI­DVMPTi#.8.PUPSSBE 697.贶 .VOJDI "MFNBOJB1SPIJCJEBMBSFJNQSFTJ³OUPUBMPQBSDJBMTJOQFSNJTPFTDSJUPEF#.8"( .VOJDI&OMBJNQSFTJ³OEFFTUFDBU¡MPHPTFIBVUJMJ[BEPQBQFMCMBORVFBEP贵贾贾FYFOUPEFDMPSP
1SJOUFEJO(FSNBOZ贾贸贶贾贾贽 贽贵贵贾贾贶贵费贺ꕑꕑ贵贶贾贾贽

You might also like