DKDBSQNKTW
DUDMST@KD #NBTLDMS@YHNMD CH (RSQTYHNMH ODQ KeHMRS@KK@YHNMD HMRDQHSH @KKeHMSDQMN
CDKKe@OO@QDBBGH@STQ@
q STSSDKDNODQ@YHNMHCHTSHKHYYNCDKKe OO@QDBBGH@STQ@BNRįBNLDK@L@MTSDMYHNMD
ODQHNCHB@@UUDMF@MNRDBNMCNKDOQDRBQHYHNMHDHMCHB@YHNMHQHONQS@SDMDK+HAQDSSN
CH(RSQTYHNMHCe4RN
q PT@KTMPTD HMSDQUDMSN CH QHO@Q@YHNMD RH@ DRDFTHSN C@ ODQRNM@KD CDH "DMSQH CH
RRHRSDMY@ @TSNQHYY@SH C@K /QNCTSSNQD D BGD H QHB@LAH TSHKHYY@SH RH@MN
DRBKTRHU@LDMSDPTDKKHNQHFHM@KH
(LODFMNODQHKQHLDCHN@KCHEDSSN
0T@KNQ@MDKODQHNCNCHCTQ@S@CDKK@F@Q@MYH@RH@@BBDQS@SNDQHBNMNRBHTSNTM
CHEDSSNHLOTS@AHKD@UHYHCHE@AAQHB@YHNMD$+$"31.+47RHHLODFM@@DKHLHM@QDHK
CHEDSSN@SSQ@UDQRNK@QHO@Q@YHNMDNK@RNRSHSTYHNMDCDHBNLONMDMSHCHEDSSNRHRDMY@
@KBTM@RODR@ODQHK"NMRTL@SNQD
/DQNFMHQHBGHDRS@CHHMSDQUDMSNHK"NMRTL@SNQDOTŁBNLONQQDHK
MTLDQNTTMHBN
RNKNC@SDKDENMNEHRRNU@KHCNODQKDBGH@L@SDC@STSS@(S@KH@2HHMENQL@
BGDS@KDRDQUHYHNDe
@OO@F@LDMSN
(MNFMHB@RNHMTLDQHCDH"DMSQHCH RRHRSDMY@
3DBMHB@ @TSNQHYY@SH RNMN QDODQHAHKH @MBGD RTFKH $KDMBGH 3DKDENMHBH "NLTMD
"@ONKTNFN CH OQNUHMBH@ N RTKKD /@FHMD &H@KKD @KK@ UNBD ŭ$KDSSQNCNLDRSHBH
QHO@Q@YHNMDŭ
2DKNRSDRRNCHEDSSNRHQHODSDOHŔUNKSDNKDRODRDCHQHO@Q@YHNMDRNMNQHSDMTSD
ROQNONQYHNM@SD HK /QNCTSSNQD @ RTN HMRHMC@B@AHKD FHTCHYHN ONSQĐ CHRONQQD K@
RNRSHSTYHNMDCDKKe OO@QDBBGH@STQ@CHEDSSNR@BNMTMe@KSQ@CDKKNRSDRRNU@KNQD
+eDUDMST@KD QHO@Q@YHNMD N RNRSHSTYHNMD CH BNLONMDMSH N CDKK@ RSDRR@
@OO@QDBBGH@STQ@MNMDRSDMCNMNK@CTQ@S@CDKK@OQDRDMSDF@Q@MYH@BGDBNMSHMTDQĐHM
NFMHB@RNEHMN@KK@RB@CDMY@CDHLDRHBNLDOQDUHRSN@KK@OQDBDCDMSDBK@TRNK@
$RSDMRHNMDSDQQHSNQH@KDCDKK@F@Q@MYH@
0TDRS@ OO@QDBBGH@STQ@ĠRS@S@ BNRSQTHS@ ODQDRRDQD UDMCTS@DTSHKHYY@S@ RTK
SDQQHSNQHN HS@KH@MN HMBKTRH "HSSĐ CDK 5@SHB@MN D 1DOTAAKHB@ CH 2 ,@QHMN D CH
BNMRDFTDMY@
K@ OQDRDMSD &@Q@MYH@ "NMUDMYHNM@KD CDK /QNCTSSNQD UHDMD @RRHBTQ@S@ C@
$+$"31.+47RTSTSSNHKSDQQHSNQHNHS@KH@MNHMBKTRH"HSSĐCDK5@SHB@MND1DOTAAKHB@CH
2,@QHMN@SSQ@UDQRNK@OQNOQH@QDSDCH RRHRSDMY@3DBMHB@
+@OQDRDMSD&@Q@MYH@"NMUDMYHNM@KDCDK/QNCTSSNQDMNMRHDRSDMCDPTHMCH@KKD
OO@QDBBGH@STQDUDMCTSDNTSHKHYY@SDHMTM/@DRDDRSDQN
(MPTDRSNTKSHLNB@RNHK"NMRTL@SNQDONSQĐ@UU@KDQRHCDKKDBNMCHYHNMHRS@AHKHSD
C@KK@ &@Q@MYH@ "NMUDMYHNM@KD CDK /QNCTSSNQD NEEDQS@ C@ RNBHDSĐ CDK &QTOON
$KDBSQNKTWOQDRDMSHMDK/@DRDHMSDQDRR@SN
DKDBSQNKTW
.MCDQGNTC1DO@Q@SHD
q $DMDUDMSTDDKMNNCY@JDKHIJD
VHIYHFHMF@@MCDDKDJSQHRBGD
GTHRHMRS@KK@SHDNEGDS@@MRKTHSRMNDQ
SDMADGNDUDU@MCDHMRS@KK@SHDU@M
CHS@OO@Q@@SL@FTHSRKTHSDMCCNNQ
DDMC@@QSNDADUNDFCODQRNNM
THSFDUNDQCVNQCDM'DSADSQDEEDMCD
RSNOBNMS@BSCHDMSNNJM@DUDMSTDKD
NMCDQNEHMANTVFDL@JJDKHIJ
ADQDHJA@@QSDYHIM6DQJY@@LGDCDM
VDKJDCNNQODQRNMDMYNMCDQCD
MNNCY@JDKHIJDJDMMHRTHSFDUNDQC
VNQCDMJTMMDMRBG@CDNEKDSRDKSNS
FDUNKFGDAADM
q +@@SHMRODBSHDDMNE
GDQRSDKVDQJY@@LGDCDMTHSUNDQDM
CNNQCD$+$"31.+472$15("$DM
K@@SFDDM@MCDQDC@MNQHFHMDKD
#(231(/ 132NMCDQCDKDMOK@@SRDM
q #HS@OO@Q@@SADU@SJNNKV@SDQRSNEEDM
HMCDJNTCDJQHMFKNNOGDS
NMCDQGNTCDMGDSAHIUTKKDMCHDMS
C@@QNLTHSRKTHSDMCCNNQCNNQGDS
ADCQHIE@@MFDVDYDMCDRJTMCHF
ODQRNMDDKTHSFDUNDQCSDVNQCDM
q 3Q@BGSHMFDU@KU@MRSNQHMFNEDDM
CDEDBSCHS@OO@Q@@SMHDSYDKESD
QDO@QDQDM1DO@Q@SHDRVDKJDCNNQ
MHDSCDRJTMCHFDODQRNMDM
THSFDUNDQCVNQCDMJTMMDMSNS
RBG@CDNEKDSRDKKDHCDM1@@COKDDF
$+$"31.+472$15("$
&DAQTHJ
q 'THRGNTCDKHIJDJNDKDMNE
UQHDR@OO@Q@SDMYHIMTHSRKTHSDMC
ADCNDKCUNNQGDSADV@QDMDMNE
HMUQHDYDMU@MDDSNECQHMJA@QD
OQNCTBSDM
q #DADRSDQDRTKS@SDMVNQCDMADQDHJS
AHIDDMNLFDUHMFRSDLODQ@STTQ
STRRDM¦"DM¦"JK@RRD3
STRRDM¦"DM¦"JK@RRD23
STRRDM¦"DM¦"JK@RRD-
¦"DM¦"JK@RRD2-CDJK@RRD
RS@@SNOGDSJDMOK@@SIDUDQLDKC
SSDMSHD
TCHDMSMHDS@KKDDMQDJDMHMF
SDGNTCDMLDSCD
NLFDUHMFRSDLODQ@STTQUNNQCHS
SXODOQNCTBSL@@QSDUDMRLDSCD
UNKFDMCD@@MVHIYHMFDMV@MMDDQCD
NLFDUHMFRSDLODQ@STTQNMCDQCD
@@MFDCTHCD LHMHLTLV@@QCD
C@@KSVNQCSCDADV@@QSDLODQ@STTQ
HMGDSUQHDRU@JMHDSLDDQ
FDF@Q@MCDDQCTJTMSCDADV@@QCD
KDUDMRLHCCDKDMC@MGDSADRSDYN
RMDKLNFDKHIJMTSSHFDM
q 5NKFCDQ@@CFDUHMFDMU@MCD
E@AQHJ@MSNOLDSADSQDJJHMFSNS
V@@QDMGNDTROHIYDMDMCQ@MJDM
ADV@@QSNEHMUQHDRS.MSCNNHCD
CHDOUQHDROQNCTBSDMLNFDMNL
FDYNMCGDHCRQDCDMDMMHDSVDCDQNL
HMFDUQNQDMVNQCDM
q #DUQHDYDMCDAHMMDMV@MCDMNE
UK@JJDMHMGDS@OO@Q@@SADU@SSDM
JNDKLHCCDK/K@@SRFDDMRBGDQOD
UNNQVDQODMSDFDMYNMV@MCNE
UK@JDMRBGQ@@ODUDMLHMLDS
LDS@KDMUNNQVDQODMQHIONEHIR@E
+DJJ@FDJ@MGDSFDUNKFYHIM
GDSFDDMDDMNMGDQRSDKA@QDRBG@CD
@@MGDS@OO@Q@@SDMADCDQEU@MCD
KDUDMRLHCCDKDMUDQNNQY@@JS
q /K@@SRFDDMJNNKYTTQGNTCDMCDNE
LNTRRDQDMCDCQ@MJDMHMGDS
UQHDRU@JGDSUQHDRFDCDDKSDNECD
UQHDYDQCDAKHJIDRNEEKDRIDRJTMMDM
CNNQADUQHDYHMFU@MCDHMGNTC
DWOKNCDQDM