Scribd Logo
Upload

Welcome to Scribd!

  • Esa Cosa Llamada Ciencia - Golombek

    Uploaded by

    Viviana Zimmermann
    7 views13 pages

    Original Title

    Esa cosa llamada ciencia_golombek

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views13 pages

    Esa Cosa Llamada Ciencia - Golombek

    Uploaded by

    Viviana Zimmermann

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    *

    &TBDPTBMMBNBEBDJFODJB

    4JMPTQVFCMPTOPTFJMVTUSBO

    -BEJGVTJØOZMBFOTF×BO[BEFMBTDJFODJBTTVFMFOKVTUJGJDBSTFDPOBSHVNFOUPTJOFRVÓWPDPT 
    TBOPTZPCWJPT.ÈTBMMÈEFMBJEFBEFNPDSÈUJDBEFRVFFMDPOPDJNJFOUPFTVOCJFODPNÞO 
    TFTVFMFBQFMBSBVOBMØHJDBGPSNBUJWBQBSBMPTDJVEBEBOPTFOFMNVOEPQBTBDJFODJB ZDBEB
    WF[NÈT QPSMPRVFMBDJVEBEBOÓBEFCFFTUBSQSFQBSBEBQBSBFTUF6OJWFSTPFODPOTUBOUF
    DBNCJP"EFNÈT ZFTKVTUPEFDJSMP FTUBEFGFOTBWJFOFEFMBNBOPEFMBDPODFQDJØOEFRVF
    MBDJFODJBTJSWF RVFFTÞUJM RVFFTVOBQBSUFJOTPTMBZBCMFEFMBWBODFEFMBTPDJFEBE OPTPMP
    FOMPTUÏSNJOPTBCTUSBDUPTEFMiDPOPDJNJFOUPwTJOPUBNCJÏOFOSFTVMUBEPTDPODSFUPT

    1FSP FYJTUF UBNCJÏO PUSP BTQFDUP GVOEBNFOUBM EF MB FOTF×BO[B EF MBT DJFODJBT  OP FT
    USJDUBNFOUF EF MPT QSPEVDUPT EF MB JOWFTUJHBDJØO  TJOP EFM QFOTBNJFOUP DJFOUÓGJDP FO TÓ
    NJTNP FTBBWFOUVSBRVFSPNQFDPOFMQSJODJQJPEFBVUPSJEBE BRVFMRVFBGJSNBRVFFTUP
    FTBTÓQPSRVFMPEJHPZP RVFTPZFMSFZ PFMHFOFSBMPQBQÈ ZTBOTFBDBCØ
    ZRVFQSPQPOF
    VOBTFSJFEFQBTPTQBSBDPOGJBS BMNFOPTFOGPSNBUFNQPSBSJB FOBMHP

    4J DPNPTVFMFBGJSNBS.$FSFJKJEP FO"NÏSJDB-BUJOBOPUFOFNPTDJFODJB BVORVFFO


    BMHVOPT DBTPT FYJTUB NVZ CVFOB JOWFTUJHBDJØO DJFOUÓGJDB
     FM QSPCMFNB FT NVDIP NÈT
    QSPGVOEPRVFVOBDVFTUJØOEFFYQFSJNFOUPTZEFNPTUSBDJPOFT/PFTDSFFSPSFWFOUBS
    FTEFNPTUSBS QSFHVOUBS JORVJFUBS/PNÈT4BO$BZFUBOPQBSBDPOTFHVJSUSBCBKPT TJOP
    NPEFMPTEFQSPEVDDJØO/PNÈTQFOTBNJFOUPNÈHJDPVIPSØTDPQPT TJOPGPSNVMBDJPOFT
    SBDJPOBMFTZDPNQSPCBCMFT

    -BDJFODJBOPFTNÈTRVFVONPEPEFDPOPDFSMBSFBMJEBE4FHÞOFTUFNPEP MPFTFODJBM
    OP FT RVÏ TBCFNPT TJOP DØNP MMFHBNPT B TBCFSMP -B JOWFTUJHBDJØO DJFOUÓGJDB TJFNQSF

    
    * &TBDPTBMMBNBEBDJFODJB

    QBSUFEFQSFHVOUBT&MBTPNCSP MBNBSBWJMMB MBTFEEFFYQMJDBDJPOFT MBPCTFSWBDJØOZFM


    SFDPOPDJNJFOUPEFSFHVMBSJEBEFTZQBUSPOFTTPOQBSUFEFFTUFBTQFDUP1FSPQPEFNPT
    FTUBSEFMPNÈTDPOWFODJEPTEFRVFUFOFNPTiMBWFSEBEwZTFOPTQVFEFEFTNPSPOBS
    EFQSPOUPZTJOBWJTP2VFSFNPTDPOPDFSZFOUFOEFSFTUBSFBMJEBEZMBTBDVEJNPTBQSF
    HVOUB[PTUSBUBOEPEFFOUFOEFSEFRVÏTFUSBUB)BDFNPTFYQFSJNFOUPTQBSBJSBGJOBOEP
    MBTQSFHVOUBT PCTFSWBNPT EFTDSJCJNPT NPEJGJDBNPTOVFTUSBTIJQØUFTJT

    &OBMHÞONPNFOUPMMFHBNPTBVOBTFSJFEFPCTFSWBDJPOFTZWBNPTBDPOUBSMBTBMBKBVSÓB
    EFDPMFHBTEFDJEJEPTBEFTUSVJSOPT FOWJEJBSOPT QPOFSOPTFOKBRVF/FDFTBSJBNFOUF EF
    BMHVOBNBOFSBTFMMFHBBMDPOTFOTP$PNPQBSUFEFMBDPNVOJEBEEFDJFOUÓGJDPT EFCF
    NPTTFSFTDÏQUJDPTZEJGÓDJMFTEFDPOWFODFS EFNBOEBSUPEBTMBTQSVFCBTZQFSNBOFDFS
    BCJFSUPTBPUSBTQPTJCJMJEBEFT

    {/PFTFTPNVZQBSFDJEPBMPRVFRVFSFNPTDPNPTPDJFEBE {/PFTVOCVFOPCKFUJWP
    TFSQSFHVOUPOFT UFOFSBMUFSOBUJWBTZQPEFSKV[HBSMBT ZQPTFFSIFSSBNJFOUBTQBSBSFBMJ[BS
    FTPTKVJDJPT +VTUBNFOUFMBEJGVTJØOEFMBDJFODJBDPNPGPSNBEFFOUFOEFSFMNVOEPFT
    VOFKFSDJDJPRVFOPTQVFEFBZVEBSBTFSNFKPSFTQFSTPOBT NFKPSFTDJVEBEBOPT NFKPSFT
    FTUVEJBOUFT1BSBFTPOFDFTJUBNPTJOGPSNBDJØO TBCFSEØOEFFTUBNPTQBSBEPT BVORVFB
    WFDFTMBJOGPSNBDJØOFYDFTJWBQVFEFTFSVOBCPNCBEFUJFNQPRVFOPTNBSFBBVONÈT

    -BJOGPSNBDJØOFTVOEFSFDIP BVORVFBWFDFTQFRVFEFEFSFDIPFYDFTJWP DPNPBGJSNB


    FMOPWFMJTUBJOHMÏT%BWJE-PEHF

    i<>FOFMNVOEPNPEFSOPMBJOGPSNBDJØOFTNVDIPNÈTQPSUÈUJMRVFBOUFT:
    MBHFOUFUBNCJÏO&SHP ZBOPFTOFDFTBSJPHVBSEBSMBJOGPSNBDJØOFOVOFEJGJDJP 
    OJNBOUFOFSBMPTNFKPSFTBMVNOPTFODFSSBEPTFOVODBNQVT)BZUSFTDPTBTRVF
    IBOQSPWPDBEPVOBSFWPMVDJØOFOMBWJEBBDBEÏNJDBEVSBOUFMPTÞMUJNPTWFJOUF
    B×PT BVORVFNVZQPDPTTFIBZBOEBEPDVFOUBMPTWJBKFTFOSFBDUPS MPTUFMÏGPOPT
    EFNBSDBEPEJSFDUPZMBGPUPDPQJBEPSB)PZFOEÓB MPTTBCJPTOPIBOEFUSBCBKBS
    FOMBNJTNBJOTUJUVDJØOQBSBJOUFSDBNCJBSTVTJNQSFTJPOFT QVFTTFMMBNBOVOPTB
    PUSPTPTFFODVFOUSBOFOMPTDPOHSFTPTJOUFSOBDJPOBMFT:ZBOPIBOEFCVTDBSMPT
    EBUPTFOMPTFTUBOUFTEFMBTCJCMJPUFDBT QVFTUPEPBSUÓDVMPPMJCSPRVFMFTQBSFDF
    JOUFSFTBOUFMPIBDFOGPUPDPQJBSZMPMFFOFODBTB0FOFMBWJØORVFMPTMMFWBBM
    TJHVJFOUFDPOHSFTP:PUSBCBKPTPCSFUPEPFODBTBPFOMPTBWJPOFT ÞMUJNBNFOUF
    3BSBWF[FOUSPFOMBVOJWFSTJEBE FYDFQUPQBSBEBSNJTDMBTFT<>.JFOUSBTUFOHB
    VTUFE BDDFTP B VO UFMÏGPOP  B VOB GPUPDPQJBEPSB Z B VO GPOEP EF BZVEB QBSB

    
    TFNJOBSJPTZDPOHSFTPT FTUBSÈQFSGFDUBNFOUF FTUBSÈFODIVGBEPFOMBÞOJDBVOJ
    WFSTJEBERVFFOSFBMJEBEJNQPSUBFMDBNQVTHMPCBMw

    .ÈT BMMÈ EFM VTP P EFTVTP EF MBT IFSSBNJFOUBT EF MB JOGPSNBDJØO  MP DJFSUP FT RVF MB
    DJFODJB ZTVFOTF×BO[B QBSFDFOHP[BSEFVOFTUBUVTQBSUJDVMBSEFOUSPEFMBTBDUJWJEBEFT
    IVNBOBT FT DJFSUP RVF DPNQBSUFO DJFSUBT DBSBDUFSÓTUJDBT RVF MFT TPO QSPQJBT  QFSP EF
    OJOHVOB NBOFSB FTP TJHOJGJDB BJTMBSMBT Z FUJRVFUBSMBT DPNP QPS GVFSB EF MB DVMUVSB EF
    UPEPTMPTEÓBT

    -BDJFODJBDPNPQBSUFEFMBDVMUVSB

    "QBSUJSEFMJOGMVZFOUFUSBCBKPEF$14OPXi-BTEPTDVMUVSBTwTFGPSNBMJ[ØVOBSVQUVSB
    FOUSFMBNJSBEBDJFOUÓGJDBEFMNVOEPZPUSPTFOGPRVFToOPOFDFTBSJBNFOUFNFOPTWÈMJEPT 
    QFSPTÓEFPUSPPSEFO RVFQPESÓBOBHSVQBSTF TJHVJFOEPMBUFSNJOPMPHÓBEFFTFUFYUP
    
    DPNPiIVNBOÓTUJDPTw

    4OPXFSBGÓTJDPZOPWFMJTUB CBTUBOUFNFEJPDSF EJSÓBOTVTEFUSBDUPSFT


    DPNJFO[BBGJSNBO
    EPRVFQBSBFODPOUSBSFMTJHOJGJDBEPEFMBiDVMUVSBwWBMFMBQFOBDPNFO[BSQPSTVFUJNP
    MPHÓBFTDVMUPBRVFMRVFIBDVMUJWBEPBMHP UBOUPTFBDJFOUÓGJDPDPNPIVNBOJTUB1FSPBM
    NJTNPUJFNQPTF×BMBCBRVFTFIBOHFOFSBEPEPTTVCDVMUVSBTDPFYJTUFOUFTDPODØEJHPT 
    OPSNBTZWBMPSFTEJTUJOUPTMBDJFOUÓGJDPUFDOPMØHJDBZMBiMJUFSBSJBw%PTCBOEPT BRVÓIBZ
    EPTCBOEPTyZBNCPTTFJHOPSBOZEFTQSFDJBONVUVBNFOUF1PSTVQVFTUPRVF4OPX
    EFDÓBFTUBTDPTBTDPOFTQÓSJUVTBOBNFOUFDSÓUJDP ZIBTUBQSPQPOÓBVOBSFGPSNBFEVDBUJWB
    RVFBDFSDBSBBNCPTCBOEPT DPNPFOFMGJOBMEFMBTCPEBTMPSRVJBOBToBVORVFIVCJFSB
    DPSSJEPCBTUBOUFTBOHSFQPSFMUFSSFOPo&OVOBTFHVOEBFEJDJØOEFi-BTEPTDVMUVSBTw 
    4OPXTVHJSJØVOBUFSDFSBQPTJDJØO RVFJSÓBDVCSJFOEPFMWBDÓPFOUSFMPTEPTCBOEPT&M
    HVBOUFGVFSFDPHJEPQPSVOJOUFSFTBOUÓTJNPQFSTPOBKFOPSUFBNFSJDBOP +PIO#SPDLNBO 
    VOFNQSFTBSJPEFMNVOEPEFMBSUFBWBOUHBSEFRVFBDUVBMNFOUFFTVOPEFMPTFEJUPSFT
    ZBHFOUFTMJUFSBSJPTNÈTFYJUPTPT&OMPTQVCMJDØi-BUFSDFSBDVMUVSBw RVFFKFNQMJGJDB
    DPOVOQV×BEPEFDJFOUÓGJDPTRVFJOUFOUBOIBDFSWJTJCMFTMBT(SBOEFT1SFHVOUBT FTBTRVF
    OPTMMFWBOBOPTPUSPTNJTNPT4FHÞO#SPDLNBO MBTOPUJDJBTSFBMNFOUFJNQPSUBOUFTFOFT
    UPTUJFNQPTTPOMBTEFDJFODJB DPOMJTUBTRVFJODMVZFOMBCJPMPHÓBNPMFDVMBS MBJOUFMJHFODJB
    BSUJGJDJBM MBUFPSÓBEFMDBPT MBSFBMJEBEWJSUVBM MPTBVUØNBUBTZNVDIPTFUDÏUFSBT
    ZTPO

    
    %BWJE-PEHF &MNVOEPFTVOQB×VFMP QQ
    
    .VDIBTEFTVTSFGMFYJPOFTZFOUSFWJTUBTFTUÈOFOTVQÈHJOBEF*OUFSOFUXXXFEHFPSH

    
    * &TBDPTBMMBNBEBDJFODJB

    FOUPODFTMPTDJFOUÓGJDPTRVJFOFTEFCFODPMBCPSBSQBSBEBSMBT CVFOBT
    OVFWBT&OUSFMPT
    NJFNCSPTEFMBUFSDFSBDVMUVSBFTUÈOMVNJOBSJBTDPNP4UFQIFO(PVME 3JDIBSE%BXLJOT 
    1BVM%BWJFT 4UFWFO1JOLFSPyFMNJTNÓTJNP#SPDLNBO RVJFOFOUSFPUSBTDPTBTTVFMFTFS
    DJUBEPUBOUPFOMBTTFDDJPOFTEFBSUFDPNPFOMBTEFDJFODJBEFM/FX:PSL5JNFT

    &OFMGPOEP IBZVOBDJFSUBDVPUBEFQPEFSoMJUFSBSJP BMNFOPToFOKVFHPMBTBSUFTZMBT


    IVNBOJEBEFT  NVDIBT EF MBT DVBMFT IBO BCSB[BEP FM QPTNPEFSOJTNP Z FM SFMBUJWJTNP
    GJMPTØGJDP ZOPFTSBSPRVFTVTJOUFHSBOUFTTFKBDUFOEFOPTBCFSOBEBEFDJFODJBZUFDOP
    MPHÓB
    WFSTVTMBWJTJØODJFOUÓGJDBEFMNVOEP ZTJCJFONVDIPTDJFOUÓGJDPTOPEFCFOIBCFS
    MFÓEPB4IBLFTQFBSF OJOHVOPTFKBDUBSÓBEFFMMP
    RVFFODJFSUBNFEJEBQPEFNPTEFDJS
    RVFTFIBMMFWBEPBDBCP)PZTPONVDIPTMPTDJFOUÓGJDPTRVFTFQMBOUFBOPCKFDJPOFTÏUJ
    DBTZQPMÓUJDBTNÈTBMMÈEFMBTGSPOUFSBTEFTVFTQFDJBMJEBEZTFQSFPDVQBOQPSTBCFSQBSB
    RVÏFTUÈOUSBCBKBOEP5BNCJÏOFYJTUFVOBOVUSJEBMJUFSBUVSBEFEJWVMHBDJØOEFTUJOBEBB
    QPOFS MB DJFODJB BM BMDBODF EFM QÞCMJDP OP FTQFDJBMJ[BEP  RVF BQVOUB B VOB FEVDBDJØO
    QFSNBOFOUFDBEBWF[NÈTOFDFTBSJB

    %FDJNPTRVFMBEJWJTJØOTFGPSNBMJ[Ø QFSPOPFTSFDJFOUF ZBRVFOPFTOJOHVOBOPWFEBE


    RVFMBDVMUVSBDJFOUÓGJDBNVDIBTWFDFTIBEFMJNJUBEPVOBGSPOUFSBDPOMBDVMUVSBQPQVMBS 
    BMHP RVF JODMVTP IB TJEP GPNFOUBEP EFTEF MB NJTNB DPNVOJEBE EF DJFOUÓGJDPT "TÓ  MB
    TFOTBDJØOEFRVFIPZMBTDJFODJBTBEFMBOUBORVFFTVOBCBSCBSJEBEOPFTOVFWB OJFT
    GBMTB OJQPEFNPTEFKBSMBEFMBEP-BSFTVNFNBHJTUSBMNFOUF.JDIFM)PVMMFCFDRFOTV
    OPWFMB-BTQBSUÓDVMBTFMFNFOUBMFT

    o/PTJSWPQBSBOBEBoEJKP#SVOPDPOSFTJHOBDJØOo4PZJODBQB[IBTUBEFDSJBSDFS
    EPT/PUFOHPJEFBEFDØNPTFIBDFOMBTTBMDIJDIBT MPTUFOFEPSFTPMPTUFMÏGPOPT
    QPSUÈUJMFT4PZJODBQB[EFQSPEVDJSDVBMRVJFSBEFMPTPCKFUPTRVFNFSPEFBO MPT
    RVF VTP P MPT RVF NF DPNP OJ TJRVJFSB TPZ DBQB[ EF FOUFOEFS TV QSPDFTP EF
    QSPEVDDJØO 4J MB JOEVTUSJB TF CMPRVFBSB  TJ EFTBQBSFDJFSBO MPT JOHFOJFSPT Z MPT
    UÏDOJDPTFTQFDJBMJ[BEPT ZPTFSÓBJODBQB[EFWPMWFSBQPOFSFONBSDIBVOBTPMB
    SVFEB&TUPZGVFSBEFMDPNQMFKPFDPOØNJDPJOEVTUSJBM ZOJTJRVJFSBQPESÓBBTFHV
    SBSNJQSPQJBTVQFSWJWFODJBOPTBCSÓBBMJNFOUBSNF WFTUJSNFPQSPUFHFSNFEFMB
    JOUFNQFSJFNJTDPNQFUFODJBTUÏDOJDBTTPOMJHFSBNFOUFJOGFSJPSFTBMBTEFMIPN
    CSFEF/FBOEFSUBM%FQFOEPQPSDPNQMFUPEFMBTPDJFEBERVFNFSPEFB QFSPZP
    TPZQBSBFMMBQPDPNFOPTRVFJOÞUJMUPEPMPRVFTÏIBDFSFTQSPEVDJSEVEPTPT
    DPNFOUBSJPTTPCSFPCKFUPTDVMUVSBMFTBOUJDVBEPT4JOFNCBSHP HBOPVOTVFMEP 

    
    JODMVTPVOCVFOTVFMEP NVZTVQFSJPSBMBNFEJB-BNBZPSQBSUFEFMBHFOUFRVF
    NFSPEFBFTUÈFOFMNJTNPDBTP

    &TUSJTUFNFOUFDJFSUPDBTJOJOHVOPEFOPTPUSPTUJFOFJEFBEFDØNPTFIBDFOMBTTBMDIJ
    DIBTPMPTUFMÏGPOPT/JRVÏIBCMBSEFDSJBSDFSEPT/VFTUSBTPDJFEBETFCBTB KVTUBNFOUF 
    FOMBEJWJTJØOEFMUSBCBKP ZBOPTPUSPTOPOPTUPDBSPOFOTVFSUFoPFOEFTHSBDJBoFTUPT
    TBCFSFT1FSP CJFODPOUBEPTZNJSBEPT QVFEFOTFSGBTDJOBOUFT ZMBSFTQPOTBCJMJEBEEF
    QSPWFFEPSFTZVTVBSJPTFTBDFSDBSTFBDPNQBSUJSFMDPOPDJNJFOUP RVFQBSBFTPUFOFNPT
    VODFSFCSPQSJWJMFHJBEPDBQB[IBTUBEFNJSBSTFBTÓNJTNP

    -BBGJSNBDJØOEF)PVMMFCFDRUSBFBQBSFKBEPVODPSPMBSJPRVFFT BMNFOPT EJTDVUJCMF-PT


    RVFQSPEVDFOFMDPOPDJNJFOUPTPOMPTJOEJWJEVPTiÞUJMFTwZFMSFTUP MPTRVFWJWJNPTEF
    MPT BEFMBOUPT UFDOPMØHJDPT EF MB FTQFDJF  TFSÓBNPT JOÞUJMFT FTQFDUBEPSFTDPOTVNJEPSFT
    EFFTFDPOPDJNJFOUP4JOFNCBSHP TJMBDJFODJBQVFEFDBNCJBSFMNVOEP OPQPEFNPT
    FTUBSBKFOPTBFTUBTSFWPMVDJPOFT4JOFNCBSHP TFQVFEFZTFEFCFDBNCJBSHFOFSBDJPOFT
    EF.BGBMEBTOPQVFEFOIBCFSFTUBEPUBOFRVJWPDBEBT ZMBDJFODJBZMBQBMBCSBTPOMBT
    BSNBTNÈTBGJMBEBTRVFUFOFNPTQBSBIBDFSMP&OFTUFTFOUJEP DBCFEVEBSEFEJTDJQMJOBT 
    FYQFSJNFOUPT P DVFTUJPOFT RVF MF FTUÏO DPNQMFUBNFOUF WFEBEBT B DVBMRVJFS QFSTPOB
    RVFTFJOUFSFTF UBOUPTFBQPSTVDPNQMFKJEBEVPTDVSJEBE&TDJFSUPNVDIPTEFOPTPUSPT
    OVODBWBNPTBDPNQSFOEFSMPTEFUBMMFTEFMBNFDÈOJDBDVÈOUJDB EFMBUFPSÓBEFMWBMPS 
    EFMBHFPNFUSÓBOPFVDMJEJBOBPEFMBOBOPUFDOPMPHÓB QFSPWBMFMBQFOBJOTJTUJSUFOFNPT
    FMEFCFSZFMEFSFDIPEFBMNFOPTWJTMVNCSBSEFRVÏTFUSBUB RVÏQSFHVOUBTMFIBDFO
    MPTDJFOUÓGJDPTBMNVOEPZDØNPJOUFOUBOSFTQPOEFSMBT5BMWF[EFOUSPEFMBEFGJOJDJØOEF
    iCVFOBwDJFODJB TJFTRVFUBMEFGJOJDJØOFTQPTJCMF
    EFCFFOUSBSMBQPTJCJMJEBEEFRVFQVF
    EBTFSDPNQSFOEJEBFOTFOUJEPBNQMJPQPSDVBMRVJFSBRVFTFUPNFFMUSBCBKPEFFOUFOEFS
    EFRVÏTFUSBUBoMBQSFHVOUBJOJDJBM MBTEJNFOTJPOFT EFUBNB×P IJTUØSJDBT HFPHSÈGJDBT 
    TPDJBMFT
    FORVFTFFODVBESBFMUSBCBKP MBNPUJWBDJØOEFMJOWFTUJHBEPSZ TJFYJTUFO MBT
    QPTJCMFTBQMJDBDJPOFTEFMÈSFBo&OUPODFT EFOUSPEFMPTEFCFSFTZEFSFDIPTEFMPTDJFOUÓ
    GJDPTRVFQSPEVDFOFTUFUJQPEFDPOPDJNJFOUPFTUÈFMFTGVFS[PQPSDPOUBSEFRVÏTFUSBUB 
    QPSTBMJSEFMDBTDBSØOZ DPNPFOMBTGFSJBTEFDJFODJBTEFMBTFTDVFMBT FOUVTJBTNBSTFZ
    DPOUBHJBSBTVTJOUFSMPDVUPSFToFTEFDJS UPEPTOPTPUSPToEFFTBFYDJUBDJØORVFQSPEVDF
    USBCBKBSEFQSFHVOUØO

    1FSP BMNJTNPUJFNQP IBZNVDIPTTJHMPTEFTFQBSBDJØOFOUSFMB$JFODJBZFM3FTUPEFM


    .VOEP 4JO JS NÈT MFKPT OJ IBDF UBOUPT TJHMPT
     OBEB NFOPT RVF &EHBS "MMBO 1PF UBM

    
    * &TBDPTBMMBNBEBDJFODJB

    WF[EFTJMVTJPOBEPQPSRVFFMÞOJDPMJCSPRVFTFBHPUØNJFOUSBTWJWÓBFSB KVTUBNFOUF VO


    MJCSPEFDJFODJB
    EFTQPUSJDBBMFHSFNFOUFDPOUSBOVFTUSBWJTJØOEFMNVOEP&OFMGPOEP 
    UBMWF[MPRVFMPTDJFOUÓGJDPTRVFSFNPTDPOUBSFTRVFIBZCFMMF[BFOMBDJFODJBP NFKPS
    EJDIP RVFMBDJFODJBCVTDBMBCFMMF[B&TUPOPFTNVZBDFQUBEP DMBSP TFTVQPOFRVFBM
    FOUFOEFSMBTFTUSFMMBTMFTRVJUBNPTBMHPEFTVQPFTÓBPRVFBMFYQMJDBSMPTDPMPSFTZBOP
    OPTQPESFNPTFNPDJPOBSDPOVODVBESPJNQSFTJPOJTUB1FSPWBMFMBQFOBMFFSFM4POFUP
    BMB$JFODJB EF1PF

    `$JFODJB`WFSEBEFSBIJKBEFMUJFNQPUÞFSFT
    RVFBMUFSBTUPEBTMBTDPTBTDPOUVTFTDSVUBEPSFTPKPT
    {1PSRVÏEFWPSBTBTÓFMDPSB[ØOEFMQPFUB
    CVJUSF DVZBTBMBTTPOPCUVTBTSFBMJEBEFT

    {$ØNPEFCFSÓBÏMBNBSUF P{DØNPQVFEFKV[HBSUFTBCJB
    BRVFMBRVJFOOPEFKBTFOTVWBHBS
    CVTDBSVOUFTPSPFOMPTFOKPZBEPTDJFMPT
    BVORVFTFFMFWBSBDPOJOUSÏQJEBBMB

    {/PIBTBSSFCBUBEPB%JBOBEFTVDBSSP
    {/JFYQVMTBEPBMBT)BNBESÓBEFTEFMCPTRVF
    QBSBCVTDBSBCSJHPFOBMHVOBGFMJ[FTUSFMMB

    {/PIBTBSSBODBEPBMBT/ÈZBEFTEFMBJOVOEBDJØO
    BM&MGPEFMBWFSEFIJFSCB ZBNÓ
    EFMTVF×PEFWFSBOPCBKPFMUBNBSJOEP

    -BUBSFBEFMDJFOUÓGJDP ZTPCSFUPEP MBEFMNBFTUSPEFDJFODJBT FT FOUPODFT EFNPTUSBS


    RVFMBDJFODJBOPEFWPSBFMDPSB[ØOEFMQPFUB ZRVFMPEFKBWBHBS ZRVFOPFYQVMTBBMBT
    )BNBESÓBEFTEFMCPTRVF&TNÈT OJTJRVJFSBMBTDPOPDF

    $JFODJBZDJFOUÓmDPTKVOUPTQFSPOPSFWVFMUPT

    &MQSPCMFNBWJFOF TFHVSBNFOUF EFQPOFSFOMBNJTNBCPMTBBMBDJFODJBZBMPTDJFOUÓGJ


    DPT&TUPTÞMUJNPTTPOQSPGFTJPOBMFTDPNPDVBMRVJFSPUSPDPNPFMEFOUJTUB FMNFDÈOJDP 
    FM BCPHBEP CVFOP  FWJUFNPT B MPT BCPHBEPTy
     DPO VOB GPSNBDJØO FTQFDÓGJDB Z  FO

    
    NVDIPTDBTPT CBTUBOUFFYUFOTB:MPTDJFOUÓGJDPTJOWFTUJHBOJOUFSSPHBOBMNVOEPDPOVO
    NÏUPEP Z VO MFOHVBKF VOÓWPDPT  SFQFUJCMFT Z DPOUSBTUBCMFT BVORVF UBNCJÏO TF QFMFBO 
    DPOTUSVZFOJOUFSQSFUBDJPOFT TJHVFONPEBT TJFOUFOFOWJEJBTZ BWFDFT IBTUBDPMBCPSBO
    

    1FSPMBDJFODJByBNJHPT MBDJFODJBFTPUSBDPTB EFOJOHVOBNBOFSBQSJWBUJWBEFMPTDJFO


    UÓGJDPT1PEFNPTQFOTBSFOMBDJFODJBDPNPFOVOBNBOFSBEFNJSBSFMNVOEP VOBGPSNB
    EFEBSFYQMJDBDJPOFTOBUVSBMFTBMPTGFOØNFOPTOBUVSBMFT QPSFMHVTUPEFFOUFOEFS EF
    TBDVEJSBMBOBUVSBMF[BBQSFHVOUB[PTZRVFEBSQJQPOFTEFBTPNCSPZEFDVSJPTJEBE:FO
    FTUBEFGJOJDJØOOPTPOOFDFTBSJPTMPTNJDSPTDPQJPTFMFDUSØOJDPTPMPTBDFMFSBEPSFTEFQBS
    UÓDVMBTFTUÈBMBMDBODFEFUPEPTMPTRVFTFBUSFWBOBQSFHVOUBSTFMPTQPSRVÏTRVFGVFSPO
    BCBOEPOBOEPEFTEFMBJOGBODJB QPSRVFSPNQFSFMBVUJUPQBSBWFSRVÏUJFOFBEFOUSPFT
    VOBBDUJUVEBCTPMVUBNFOUFDJFOUÓGJDB
    1PSÞMUJNP MBDJFODJBFTVOBBDUJUVEHSBNÈUJDB
    NFOUFTFSÓBNÈTJOUFSFTBOUFDPOTJEFSBSMBVOWFSCPZOPVOTVTUBOUJWPVOIBDFSDPTBT 
    QSFHVOUBT FYQFSJNFOUPT

    {:QPSFMBVMBDØNPBOEBNPT

    -BJEFBDFOUSBMEFFTUFUFYUÞTDVMPFTRVFMBÞOJDBGPSNBEFBQSFOEFSDJFODJBFTIBDJFOEP
    DJFODJB FOFMTFOUJEPEFiDJFODJBwRVFIFNPTEFGJOJEPBOUFT ZUBNCJÏOFOFMTFOUJEPEF
    iIBDFSwRVFJOWPMVDSBVOUSBCBKPJOUFMFDUVBM VOBQSFOEJ[BKFBDUJWPQPSQBSUFEFMPTBMVN
    OPT
    "RVÓTVFMFOFYQPOFSTFMPTQFSPTEFTJFNQSFRVFOPIBZCVFOBGPSNBDJØO RVFMPT
    DPOUFOJEPTTPOJOUFSNJOBCMFTZIBZRVFDPSSFS RVFOPUFOFNPTVOCVFOMBCPSBUPSJPy5P
    EBTDVFTUJPOFTNVZBUFOEJCMFT QFSPRVFOPTEFTWÓBOEFOVFTUSBWFSEBEFSBGVODJØOEPDFOUF
    FODJFODJBTMBEFBDPNQB×BSBOVFTUSPTBMVNOPTFOFMDBNJOPEFMEFTDVCSJNJFOUP

    &TJOOFHBCMFRVFMPTDPODFQUPT PiIFDIPTEFMBDJFODJBwTPOVOBQBSUFTVTUBOUJWBEF
    DVBMRVJFSQSPZFDUPEFFOTF×BO[B ZMBTDJFODJBTOPFTUÈOBKFOBTBFTUBHFOFSBMJ[BDJØO4JO
    EVEBRVFFTJOUFSFTBOUFDPOPDFSZFWFOUVBMNFOUFSFWJTBSFTUPTDPOUFOJEPTZFWBMVBSTV
    BEFDVBDJØOBMPTEJWFSTPTOJWFMFT4JOFNCBSHP NFQFSNJUPEVEBSEFMFYDFTJWPÏOGBTJT
    TPCSFMPTDPOUFOJEPT NÓOJNPT NFEJBOPT NÈYJNPTPFYUSBMBSHF DPNPJEFBTSFDUPSBT
    BDFSDBEFMBFOTF×BO[BEFMBTDJFODJBT1PSTVQVFTUP OPOJFHPRVFIBZRVFQPOFSTFEF
    BDVFSEPTPCSFRVÏFOTF×BS ZRVÏOPFOTF×BS
    QFSP UBMWF[QPSJHOPSBODJB NFQBSFDFVO
    UBOUPUSJWJBM BEFNÈTEFRVFIBZNVDIBHFOUFRVFIBQFOTBEPFOFTUFQSPCMFNBZPGSF
    DJEPBMUFSOBUJWBTJOUFSFTBOUFTZQMBVTJCMFT
    5BMWF[MBGBMMBHSBWFTPCSFMBFOTF×BO[BEFMBT
    DJFODJBTOPFTUÈUBOUPFOFMRVÏFOTF×BSTJOPFODØNPIBDFSMP TPCSFUPEPDØNPDPOTUSVJS
    MBTJEFBTDJFOUÓGJDBTZFTUBQBSUJDVMBSoZQPEFSPTÓTJNBoNJSBEBTPCSFFMNVOEP

    
    * &TBDPTBMMBNBEBDJFODJB

    #SFWFIJTUPSJBEFMBDJFODJB

    4F TVFMF EFDJS RVF MB NPEFSOJEBE SFDPSSF  DBTJ FO GPSNB TVQFSQVFTUB  MB IJTUPSJB EF MB
    DJFODJBZMBUFDOPMPHÓB-PTÞMUJNPTTJHMPTIBOUSBÓEPDPOTJHPWFSEBEFSBTSFWPMVDJPOFTFO
    FTUBTÈSFBT IFSFEFSBTEFMBSFWPMVDJØODJFOUÓGJDBEFM*MVNJOJTNP DPODBNCJPTFDPOØNJDPT
    ZTPDJBMFTRVFIBODBNCJBEPFMNVOEPUBMWF[NÈTRVFFONVDIPTEFMPTTJHMPTBOUFSJPSFT
    EFÏQPDBTIJTUØSJDBT-BTDPOEJDJPOFTEFWJEBBDUVBMFToNÈTBMMÈEFMBTJOFRVJEBEFTTP
    DJBMFTRVFTVQJNPTDPOTFHVJSoTPOVOGSVUPEJSFDUPEFMPTBWBODFTDJFOUÓGJDPT FOÈNCJUPT
    UBMFTDPNPMBBMJNFOUBDJØO MBTBMVEPMBTGVFOUFTEFFOFSHÓB

    -BIJTUPSJBJODMVTPOPTBMFDDJPOBBDFSDBEFMBNFOUBEBSFMBDJØOFOUSFMBTMMBNBEBTDJFODJBT
    CÈTJDBT Z BQMJDBEBT *OEFQFOEJFOUFNFOUF EFM UJFNQP RVF SFRVJFSBO  MPT DBNCJPT FO FM
    NBSDPEFMQFOTBNJFOUPDJFOUÓGJDPSJOEFOFOGPSNBJOFWJUBCMFTVTGSVUPTUFDOPMØHJDPTBTÓ 
    QPEFNPTSFMBDJPOBSMBSFWPMVDJØODJFOUÓGJDBEFMPTTJHMPT97*Z97**DPOMB3FWPMVDJØO*OEVT
    USJBMRVFTPCSFWJOPTJHMPTNÈTUBSEF5PEPFTUP FTDMBSP OPQBTØEFTBQFSDJCJEPQBSBMBT
    DMBTFTEPNJOBOUFT MBTDVBMFTDPNQSFOEJFSPOUFNQSBOBNFOUFBRVFMMPEFRVFiFMDPOP
    DJNJFOUP DJFOUÓGJDP
    FTQPEFSw ZTFEFEJDBSPOBGPNFOUBSMBTDJFODJBTZTVTBQMJDBDJPOFT
    DPOWJTJPOFTRVFFYDFEÓBOFONVDIPMBNFSBEJWFSTJØOEFVOCVFOFYQFSJNFOUPQBSBMB
    IPSBEFMBTPCSFNFTB"TÓ MBNPUJWBDJØODJFOUÓGJDBQBTØEFTFSMBTJNQMFZOVODBCJFO
    QPOEFSBEBDVSJPTJEBEQBSBDPOTUJUVJSTFFOVONPUPSEFMEFTBSSPMMPZ FWFOUVBMNFOUF EF
    MBTSJRVF[BTQFSTPOBMFTZOBDJPOBMFT FOFMGPOEP QPSMBQMBUBCBJMBFMTQPOTPS
    

    &OFGFDUP IBTUBFMBEWFOJNJFOUPEFMB3FWPMVDJØO*OEVTUSJBM MBDJFODJBZMBUÏDOJDBNBSDIB


    CBOQPSDBSSJMFTTFQBSBEPT4JOJSNÈTMFKPT FMUÏSNJOPUÏDOJDBUJFOFTVSBÓ[HSJFHBFOVOB
    QBMBCSBRVFTFSFGJFSFBMPiSFMBUJWPBVOBSUFwFMUÏDOJDPFT BTÓ RVJFOQPTFFVOBIBCJMJEBE
    QBSUJDVMBS VOPGJDJPRVFBQSFOEJØHFOFSBDJØOUSBTHFOFSBDJØO"GJOFTEFMTJHMP97***TFFEJUØ
    VOB)JTUPSJBEFMPTJOWFOUPT EF+PIBOO#FDLNBOO RVJFOQVTPFMOPNCSFEFUFDOPMPHÓBBM
    DPOKVOUPEFTBCFSFTEFMPTDJFOUÓGJDPTRVFBQPSUBCBOBMBOBDJFOUF3FWPMVDJØO*OEVTUSJBM
    1PESÓBNPTEFDJSRVFIPZFMMÓNJUFFOUSFDJFODJBZUFDOPMPHÓBFT DPNPNVDIP EJGVTPoVO
    IFDIPRVFTVFMFFTDBQBSBOVFTUSPTBMVNOPTFOMBDMBTFEFDJFODJBT ZIBTUBFONVDIPT
    DBTPTFYJTUFVOBEJTDJQMJOBUFDOPMØHJDBDPNQMFUBNFOUFTFQBSBEBEFMBDMBTFEFDJFODJBT

    &O FTUF DBNJOP  FM DPODFQUP NJTNP EF EJTDJQMJOB DJFOUÓGJDB  RVF FO MB FTDVFMB TF QSF
    TFOUBFOGPSNBBCTPMVUBNFOUFTFHNFOUBEB UBNCJÏONFSFDFTFSSFWJTBEPFOUÏSNJOPT

    
    'FSSBSP 3"1BSBRVÏTJSWFMBUFDOPMPHÓB6OEFTBGÓPQBSBDSFDFS $BQJUBM*OUFMFDUVBM$MBWFTQBSBUPEPT #VFOPT
    "JSFT 

    
    IJTUØSJDPT&TUBTEJTDJQMJOBT FOMBTDMBTJGJDBDJPOFTFORVFTFMBTDPOPDFFOMBBDUVBMJEBE 
    TPOFOSFBMJEBESFDJFOUFT DPOQPDPNÈTEFEPTTJHMPTEFIJTUPSJB ZOPOFDFTBSJBNFOUF
    DPSSFTQPOEFOBVOSFDPSUFEFBDVFSEPDPOEJWFSTBTWJTJPOFTEFMNVOEP TJOPNÈTCJFOB
    ÏQPDBTFJOUFSFTFTRVFQSPNPWJFSPOMBTEJWJTJPOFTTFHÞODSJUFSJPTOPFTQFDJBMNFOUFOBUV
    SBMFT&OPUSBTQBMBCSBT MBEFMJNJUBDJØOEJTDJQMJOBSJBEFMBDJFODJBFT FONVDIPTDBTPT 
    VOIFDIPDVMUVSBMBVOBTÓMBQSFTFOUBNPTBOVFTUSPTBMVNOPTDPNPQSPGVOEBZEJTQBS 
    DPNPTJWFSFMNVOEPDPOMPTPKPTEFVOGÓTJDPGVFSBSBEJDBMNFOUFEJGFSFOUFEFIBDFSMP
    DPOMPTEFVOCJØMPHP

    &O FTUB IJTUPSJB EFTFNQF×BO VO SPM GVOEBNFOUBM MBT TPDJFEBEFT DJFOUÓGJDBT RVF GVFSPO
    NBSDBOEPTVQSPQJPUFSSFOPBQBSUJSEFMTJHMP97*** ZBTJNJTNPDSFBSPOSFWJTUBTEFTBCFSFT
    FTQFDÓGJDPT RVFFYDMVÓBOBMPTWFDJOPTEFFOGSFOUF%FMBNJTNBNBOFSB MBTVOJWFSTJEBEFT
    NPEFSOBTJOWFOUBOMBGJHVSBEFMDJFOUÓGJDPQSPGFTJPOBM BRVFMRVFFTUVEJBDJFODJBTZSFDJCF
    VOUÓUVMPIBCJMJUBOUFQBSBIBCMBSFOTVOPNCSFUPEBVOBOPWFEBE

    {&TFOUPODFTRVFOPIBZOJOHÞOUJQPEFQFHBNFOUPPJOTUBODJBFODPNÞORVFEFGJOBB
    MBDJFODJBZBMPTDJFOUÓGJDPT 6OBEFMBTSFTQVFTUBTBFTUFFOJHNBMBEBFMTPDJØMPHP3P
    CFSU.FSUPO RVJFOQSPQPOF EFNBOFSBCBTUBOUFJEFBMJTUB RVFMPTDJFOUÓGJDPTEFCFOTV
    USBCBKPZTVDPSB[PODJUPBMPRVFMMBNBB
    VOJWFSTBMJTNP C
    DPNVOJUBSJTNP D
    EFTJOUFSÏT 
    E
    FTDFQUJDJTNPPSHBOJ[BEPZF
    KVJDJPQPSQBSFT&OPUSBTQBMBCSBT FMDJFOUÓGJDPNFSUPOJTUB
    FTVOCVFOTBNBSJUBOPRVFEFKBUPEPQPSTVTTFNFKBOUFT BMHPRVFCJFOQPESÓBNPTQPOFS
    FOEVEBFOFTUPTUJFNQPTFORVFIBZJOWFTUJHBEPSFTRVFIBTUBQBUFOUBOTVQSPQJPHF
    OPNBy4JOFNCBSHP FTUFEJMFNBEFJEFBMJTNPWFSTVTQSBHNBUJTNP QBTBOEPQPSUPEPT
    MPTHSJTFTDPOPDJEPT OJTJRVJFSBTFDPOTJEFSBFOMBDJFODJBEFMBVMBEPOEF DPNPFOMPT
    XFTUFSOT UPEPTTPOCVFOPTPNBMPT OFHSPTPCMBODPT

    2VÏIBZRVFTBCFSIPZTPCSFDJFODJBT

    {%FRVÏIBCMBNPTDVBOEPIBCMBNPTEFDJFODJB {%FUVCPTEFFOTBZP QSPCFUBT HFOUF


    DPOHVBSEBQPMWPTZCJDIPTFOMBDBCF[B {%FVOB[BOBIPSJBRVFOVODBBMDBO[BSFNPT 
    {%FVOEJTDVSTPEFDJFSSFEFDBNQB×B 

    
    ,SFJNFS 1%FQSPCFUBT DPNQVUBEPSBTZSBUPOFT-BDPOTUSVDDJØOEFVOBNJSBEBTPDJPMØHJDBTPCSFMBDJFODJB
    #VFOPT"JSFT &EJUPSJBMEFMB6OJWFSTJEBE/BDJPOBMEF2VJMNFT 4BMPNPO ++6OBCÞTRVFEBJODJFSUB$JFODJB 
    UFDOPMPHÓB EFTBSSPMMP.ÏYJDP 'POEPEF$VMUVSB&DPOØNJDB -BUPVS #-BWJEBEFMBCPSBUPSJP-BDPOTUSVD
    DJØOTPDJBMEFMPTIFDIPTDJFOUÓGJDPT.BESJE "MJBO[B 
    
    (PMPNCFL %i"USFWFSTFBHFOFSBSOVFWBTQSFHVOUBTw&M.POJUPS / 

    
    * &TBDPTBMMBNBEBDJFODJB

    #VFOP TÓ EFUPEBTFTBTDPTBTyQFSPUBNCJÏOEFPUSBTNVDIPNÈTJNQPSUBOUFT EFFTBT


    RVFTFBUFTPSBO RVFNBSBWJMMBO RVFIBDFOBCSJSMPTPKPTZDBFSMBTNBOEÓCVMBTZRVF FO
    EFGJOJUJWB OPTIBDFOTFSNFKPSFTQFSTPOBT-BDJFODJB TFTBCF OPFTNÈTRVFVONPEP
    EFDPOPDFSMBSFBMJEBE ZEJHPiVOwNPEPQPSRVFTJOEVEBIBZPUSPTFMRVFEJHBRVF
    OVODBBCSJØFMEJBSJPQPSMBQÈHJOBEFMIPSØTDPQPRVFUJSFMBQSJNFSBQJFESB
    QFSPEF
    NBOFSBSFBMNFOUFNVZQPEFSPTBBQVSPQSFHVOUB[P-PTDJFOUÓGJDPT FOUPODFT OVODB
    IFNPTTBMJEPEFMBFEBEEFMPTQPSRVÏTZ FODJNB QSFUFOEFNPTTFSDPOUBHJPTPT

    "TÓ RVFSFNPTDPOUBHJBSFTPRVFOBDJØUBMWF[DPOMPTESVJEBT RVFFTUVEJBCBODPOEFUBMMF


    FMIÓHBEPEFVODBSOFSP QBSBMPDVBM DPOWFOHBNPT IBZRVFTBCFSCBTUBOUFBOBUPNÓB
    
    ZBDPOTFKBCBOBMKFGFEFMBUSJCVRVFGVFSBBBNBTJKBSBMPTWFDJOPTEFFOGSFOUF PFTP
    RVFMPTHSJFHPTGVFSPOUSBOTGPSNBOEPFOVODÞNVMPPSHBOJ[BEPEFDPOPDJNJFOUP PS
    HBOJ[BEPFOHSJFHP DMBSP MPDVBMOPOPTBZVEBNVDIPFOFTUPTEÓBT
    ZRVFMPTSPNBOPT
    TFFODBSHBSPOEFMBUJOJ[BS1FSP BZ MMFHØMBFSBEFMPTBQBHPOFTNFEJFWBMFTZMBDJFODJB
    RVFEØFOFMGSFF[FS ZBMMÓIVCJFSBRVFEBEPTJOPGVFSBQPSRVFVOBDVMUVSBNÈTNPEFSOB
    RVFMBKVEFPDSJTUJBOB ZRVFIPZHP[BEFNVZNBMBQSFOTB
    TFFODBSHØEFHVBSEBSMBFO
    ÈSBCFZQSFTFSWBSMBIBTUBRVF QPDPBQPDP TFGVFSFDVQFSBOEPQBSBFMSFTUPEFMNVOEP
    :BFOFM3FOBDJNJFOUP MPTQJOUPSFTZMPTBCPHBEPTSFRVJSJFSPOOVFTUSPTTFSWJDJPT MPTBS
    UJTUBTQBSBQPEFSSFUSBUBSVODVFSQPIVNBOPDPONBZPSSFBMJTNP ZMPTMFHVMFZPTQPSRVF 
    BMCSJMMBSMBQSÈDUJDBGPSFOTF FSBQSFDJTPDPOPDFSTPCSFNB[B[PTEFDSÈOFP IFNPSSBHJBTZ
    PUSBTEFMJDJBT
    2VÏNBSBWJMMBIBCSÈTJEPQPEFSEFTDVCSJSMPTTFDSFUPTEFMNVOEP ZEFMBT
    FTUSFMMBT ZBRVFFTUBNPT
    BMMÈQPSMPTTJHMPT97*ZBGJOFTy

    &MGVUVSPMMFHØ IBDFSBUP

    : MVFHP EF FTUB CSFWF IJTUPSJB EFM NVOEP FO USFDF SFOHMPOFT Z NFEJP  FTUBNPT BRVÓ 
    SPEFBEPTEFDJFODJBZEFTVIJKBEJMFDUB MBUFDOPMPHÓB.ÈTRVFSPEFBEPT TPNPTEFQFO
    EJFOUFTEFFMMBT DPNPWJNPTFOMBDJUBEFMMJCSPEF.JDIFM)PVMMFCFDR1FSPNÈTBMMÈEFMB
    GBCSJDBDJØOEFTBMDIJDIBTPUFMÏGPOPT DBTJOJOHVOPEFOPTPUSPTUJFOFJEFBBDFSDBEFMPT
    DPODFQUPTRVFBQBSFDFOFOMPTNFEJPTDPNPMPTHSBOEFTBWBODFTEFMBDJFODJB

    t MBUFPSÓBEFDVFSEBT

    t MBOBOPUFDOPMPHÓB

    t MBFOFSHÓBPTDVSB

    t MBTDÏMVMBTNBESF

    
    t MPTPSHBOJTNPTHFOÏUJDBNFOUFNPEJGJDBEPT

    t FMDBNCJPDMJNÈUJDP

    yZTJHVFOMBTGJSNBT BVORVFBFTUBBMUVSBQPEFNPTDPODMVJSRVFTFHVSBNFOUFOPT
    TJSWBOQBSBTFSJNCBUJCMFTBMBIPSBEFM4DSBCCMF"MHPFTUÈQBTBOEPFOMBTBMUBTDVN
    CSFT RVFEFQSPOUPNBOFKBOMFOHVBKFTFJEFBTRVFOPTTPODPNQMFUBNFOUFBKFOPT 
    Z OPT SFMFHBO B TFS NFSPT VTVBSJPT P DPOUFNQMBEPSFT 6O NPNFOUP FT OFDFTBSJP
    TBCFSEFRVÏTFUSBUB ZQPEFSUPNBSEFDJTJPOFTDPOTDJFOUFTTPCSFVOPVPUSPUFNB Z
    BRVÓMBSFTQPOTBCJMJEBEFTEPCMFFJOFMVEJCMF1PSVOMBEP MPTDJFOUÓGJDPTEFCFOSFOEJS
    DVFOUBTEFMBNBOFSBNÈTTJNQMFDPOUBOEPMPRVFIBDFO BMNFOPTQPSSB[POFTJN
    QPTJUJWBT ZBRVFEFBMHÞOMBEPOPTWJFOFFMTVFMEP
    Z QPSPUSP MBTPDJFEBEEFCJFSBTFS
    JOTBDJBCMFBMBIPSBEFRVFSFSTBCFSNÈT4JBMHPOPTIJ[PFWPMVDJPOBSDPNPFTQFDJF
    GVFMBDVSJPTJEBEZ DPNPBGJSNB.BSDFMJOP$FSFJKJEP MBBOHVTUJBBOUFMPEFTDPOPDJEP
    RVFOPTIJ[PRVFSFSTBCFSNÈTQBSBEFKBSEFUFOFSNJFEP JOWFOUBSNÈRVJOBTQBSB
    WFODFSBMBOPDIF BMIBNCSFZMPTGBOUBTNBT%FKBSNPSJSFTBDVSJPTJEBEZOPRVFSFS
    TBCFSEFRVÏTFUSBUBFTDMBSBNFOUFJOWPMVUJWP ZBIÓCJFOWBMFOMPTFKFNQMPTEFMPT
    DIJDPTDPOFM.FDBOP DPOFMKVFHPEFRVÓNJDB DPO.JT-BESJMMPT TJFTRVFUPEBWÓB
    FYJTUFO
    1PSPUSPMBEP DPOPDFSDVFTUJPOFTTPCSFBHVKFSPTOFHSPTPJOHFOJFSÓBHFOÏ
    UJDBQVFEFBQPSUBSNBSBWJMMPTPTUFNBTEFDPOWFSTBDJØORVFMPDPOWJFSUFOBVOPFOFM
    BMNBEFMBGJFTUB1FSPy

    yMBDJFODJBFTUÈFOPUSBQBSUF

    1BSBGSBTFBOEPBMHSBODJFOUÓGJDP FOFMTFOUJEPEFiHSBOQSFHVOUØOw
    +PIO-FOOPO QP
    ESÓBNPTEFDJSRVFMBDJFODJBFTFTPRVFOPTQBTBNJFOUSBTFTUBNPTPDVQBEPTIBDJFOEP
    PUSPTQMBOFT:UBMWF[FTPFTKVTUBNFOUFMPRVFIBZRVFTBCFSTPCSFDJFODJBRVFOPFT
    NÈTRVFVOBBDUJUVEJORVJTJUJWB RVFFTSPNQFSDPOFMQSJODJQJPEFBVUPSJEBE FTFRVF
    EJDFRVFMBTDPTBTTPOBTÓQPSRVFMPEJHPZP PFM1BQBPFMHFOFSBM
    ZRVFFTBUSFWFSTF
    BDVFTUJPOBS DVFTUJPOBSTFZTFSDVFTUJPOBEP*NBHJOPFMUFSSPSEFMPTEPDFOUFTGSFOUF
    BFTUFQMBOUFPy{ZOPTPUSPTRVÏ FI {2VÏIBDFNPTDPOUBOUBQSFHVOUBTVFMUB .VZ
    TFODJMMP QFSPIBSUPEFTBGJBOUFBDPNQB×BSMBT IBDFSMBTDSFDFS JEFBSFYQFSJNFOUPTQBSB
    BWBO[BSFOMBOJFCMBZ TÓ HFOFSBSOVFWBTQSFHVOUBT-BDJFODJBFTUÈBMMÓQBSBBZVEBS
    OPTBUPNBSEFDJTJPOFT QBSBFOUFOEFSVOQPDPNÈTBMNVOEPZ QPSRVÏOP RVFSFS
    DBNCJBSMP  DPNP DPSSFTQPOEF "VORVF  TPCSF UPEP  FTUÈ BMMÓ QBSB IBDFSOPT NFKPSFT
    QFSTPOBT$BTJOBEB

    
    * &TBDPTBMMBNBEBDJFODJB

    -PTDJODPKJOFUFTEFMBDJFODJB

    &MBTVOUPRVFOPTDPOWPDBFTDØNPMMFWBSUPEBFTUBDBUBSBUBEFQFOTBNJFOUPDJFOUÓGJDPB
    MBTBVMBT:TPCSFFTUFUFNBNFQFSNJUPVOBQPSUFCBTBEPFOBMHVOBTJEFBTNPEJGJDBEBT
    EFMMJCSP-BDJFODJBFOFMBVMB-PRVFOPTEJDFMBDJFODJBTPCSFDØNPFOTF×BSMB #VFOPT
    "JSFT 1BJEØT 
    BDMBSBOEPRVFMPTWFSEBEFSPTBVUPSFTJOUFMFDUVBMFTEFFTUFDSJNFO
    MJUFSBSJPTPO(BCSJFM(FMMPO &MTB3PTFOWBTTFS'FIFSZ.FMJOB'VSNBO&OMBTFHVOEBQBSUF
    EFFTUFEPDVNFOUPWBNPTBSFUPNBSZFYUFOEFSWBSJBTEFFTUBTJEFBT

    {$ØNPQPEFNPTBDFSDBSFMQSPDFTPEFBQSFOEJ[BKFEFDJFODJBTFOFMBVMBBMQSPDFTPEF
    JOEBHBDJØODJFOUÓGJDBQPSMPTDJFOUÓGJDPT .VZTJNQMFUSBUBOEPEFSFDPSSFSFOFMBVMBVO
    DBNJOPBOÈMPHPBMEFMPTMBCPSBUPSJPT BUSBWÏTEFBMHVOPTBTQFDUPTQSJODJQBMFTEFMBDJFO
    DJBRVF UBMWF[TJOTBCFSMP MPTJOWFTUJHBEPSFTUJFOFODPNPQJMBSFTEFTVBDUJWJEBE

     1PS VO MBEP  FT GVOEBNFOUBM SFDPOPDFS RVF MB GPSNB EF FOUFOEFS FM NVOEP FT B
    USBWÏT EF MBT PCTFSWBDJPOFT Z MPT FYQFSJNFOUPT %F OVFWP  FTUP OP TJHOJGJDB SFBMJ[BS
    DPNQMFKÓTJNBTPQFSBDJPOFTOJ NVDIPNFOPT SFQFUJSSFDFUBTTFUSBUBEFFYQFSJNFOUBS
    QFSNBOFOUFNFOUFDPOMPRVFUFOHBNPTBNBOP BTQFDUPFNQÓSJDP
    

     &TUPWJFOFBCTPMVUBNFOUFBQBSFKBEPBDØNPTFIBDFOFTPTFYQFSJNFOUPT TVSFQSPEV


    DJCJMJEBE TVTFDVFODJB FMQMBOUFPEFIJQØUFTJTZEFNÈT3FTQJSFOUSBORVJMPTFTUBNPT
    IBCMBOEPEFMiNÏUPEPDJFOUÓGJDPw UØQJDPGBWPSJUPEFMPTEPDFOUFTEFDJFODJBT BTQFDUP
    NFUPEPMØHJDP
    

     :BRVÓMBDPTBTFWVFMWFNÈTFUÏSFB QPSRVFMBDJFODJBUBNCJÏOTFCBTBFODPODFQUPT


    UFØSJDPT JEFBT JNBHJOBDJPOFTRVFUBMWF[NVDIPNÈTBEFMBOUFHFOFSFOFYQFSJNFOUPT
    RVFMPTQPOHBOBSJHVSPTBQSVFCB BTQFDUPBCTUSBDUP
    

     "TJNJTNP OPFTSBSPRVFMBTJEFBT ZIBTUBMPTFYQFSJNFOUPTEFMPTDJFOUÓGJDPT WBZBO


    FODPOUSBEFMTFOUJEPDPNÞOZVOPEFCBDPOWFODFSTFEFRVFMBDPTBFTSFBMNFOUFBTÓ
    DPOWFOHBNPTFORVFUPEBTMBTNB×BOBTFTOFDFTBSJPDPOWFODFSTFEFRVFSFBMNFOUF
    FTMB5JFSSBMBRVFTFNVFWFBMSFEFEPSEFM4PM ZOPBMSFWÏT
    :FTUPFTQBSUJDVMBSNFOUF
    EJGÓDJMEFBQSFOEFSZEFFOTF×BS BTQFDUPDPOUSBJOUVJUJWP
    

     'JOBMNFOUF OPEFCFNPTPMWJEBSRVFMBDJFODJBFTUÈIFDIBQPSQFSTPOBT DPOTVTHB


    OBT NPEBT FOWJEJBT JOUFSFTFTZSFUØSJDBTQBSUJDVMBSFT"TÓ FMDPOPDJNJFOUPDJFOUÓGJDP
    TFDPOTUSVZFTPDJBMNFOUFBUSBWÏTEFMBTJOUFSQSFUBDJPOFTRVFMBDPNVOJEBEWBDPO

    
    TFOTVBOEPZNPEJGJDBOEPEFNBOFSBQFSJØEJDB&TUFBTQFDUPTPDJBMUBNQPDPQVFEF
    FTUBSBVTFOUFEFMBVMB ZBRVFMBDJFODJBRVFTFRVFEBFODBTB PFOFMMBCPSBUPSJP P
    FOFMDVBEFSOPEFOPUBTQFSTPOBM
    FTSFOHB SFDJÏOTFSFDJCFDVBOEPTFDPNVOJDBB
    OVFTUSPTQBSFT

    &OGJO RVFUPEPFTUPTVFOBBQBMBCSFSÓP ZFOEFGJOJUJWB FOFMBVMBTFWFOMBTDJFODJBT 


    DPNPMPTQJOHPT1FSPSFBMNFOUFGVODJPOBFMUSBOTGPSNBSFMBVMBFOVOFTQBDJPEFDSFB
    DJØOEFDPOPDJNJFOUPoOPFTQPOUÈOFPOJBMFBUPSJP TJOPHVJBEPEFDFSDBQPSFMEPDFOUF 
    EJTQVFTUPBBQPSUBSEJTQBSBEPSFTPDVFTUJPOBNJFOUPTBRVÓZBMMÈoFTVOBIFSSBNJFOUBRVF
    DPOWJFSUFBVOPTNFSPTEFQPTJUBSJPTEFMTBCFSBDBEÏNJDPFOBQBTJPOBEPTDJFOUJGJRVJUPT
    $MBSPRVFFTUPSFRVJFSFNVDIPUSBCBKPEFQBSUFEFMEPDFOUFQFTFBRVFSFTVMUBDPOUSB
    JOUVJUJWP FTNÈTEJGÓDJMQSPQPOFSZBDPNQB×BS ZFTUBSQSFQBSBEPQBSBFMMBCFSJOUP
    RVF
    #BKBSMB-ÓOFBEFMB$JFODJB"TJNJTNP FTVOBNJSBEBQSPGVOEBNFOUFQPÏUJDBTPCSFMB
    WJEB Z MB QPTJCJMJEBE EF FOUFOEFSMB -B OBUVSBMF[B Z MB WJEB DPUJEJBOB TPO VOB GVFOUF
    JOBHPUBCMFEFQSFHVOUBTZEFQFRVF×PTPHSBOEFTFYQFSJNFOUPT-BDPDJOB MBFTDVFMB 
    MBDBNB MPTDIBSDPTPMBTQSPUFTUBTTPDJBMFTQVFEFOoEFCFOoTFSUBNCJÏOPCKFUPEFJO
    WFTUJHBDJPOFT4JOFNCBSHP FTUBNJSBEBSBDJPOBMOPFTUÈFYFOUBEFDJFSUPSPNBOUJDJTNP 
    BVORVFQBSF[DBVOBQBSBEPKB&OUFOEFSVOBQVFTUBEFTPMPDPOPDFSMBTFTUSFMMBTOPOPT
    QSJWBEFMBQPFTÓBEFNJSBSMBTZFNPDJPOBSOPT2VFMPTDJFOUÓGJDPTUBNCJÏOTFFNPDJPOBO 
    RVÏTFIBODSFÓEPy

    

    You might also like