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ɭɫɥɨɜɢɬɟɜɨɞɪɭɝɢɞɨɤɭɦɟɧɬɢɨɞɧɨɪɦɚɬɢɜɟɧɤɚɪɚɤɬɟɪȼɨɫɨɩɫɬɜɟɧɚɨɞɝɨɜɨɪɧɨɫɬ
ɢɡʁɚɜɭɜɚɦɟɞɟɤɚɨɜɨʁɩɪɨɢɡɜɨɞɨɞɝɨɜɚɪɚɧɚɫɥɟɞɧɢɬɟɧɨɪɦɢɨɞɧɨɫɧɨɧɨɪɦɢɪɚɱɤɢ
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ɉɪɢɨɬɩɚɤɭɜɚʃɟɬɨɨɛɪɧɟɬɟɜɧɢɦɚɧɢɟɧɚɤɨɦɩɥɟɬɧɨɫɬɚɤɚɤɨɢɧɚɲɬɟɬɢɩɪɢ
ɬɪɚɧɫɩɨɪɬɨɬ
ɉɪɟɞɭɩɨɬɪɟɛɚɬɚɤɨɪɢɫɧɢɰɢɬɟɬɪɟɛɚɞɚɞɨɛɢʁɚɬɢɧɮɨɪɦɚɰɢɢɢɧɫɬɪɭɤɰɢɢɢ
ɨɛɭɤɢɡɚɭɩɨɬɪɟɛɚɬɚɧɚɜɫɦɭɤɭɜɚɱɨɬɢɧɚɫɭɩɫɬɚɧɰɢɬɟɡɚɤɨɢɲɬɨɬɨʁɬɪɟɛɚ
ɞɚɛɢɞɟɭɩɨɬɪɟɛɭɜɚɧɜɤɥɭɱɭɜɚʁʅɢɢɛɟɡɛɟɞɧɚɩɨɫɬɚɩɤɚɡɚɨɬɫɬɪɚɧɭɜɚʃɟɧɚ
ɧɚɫɨɛɪɚɧɢɨɬɦɚɬɟɪɢʁɚɥ
ȿɅȿɆȿɇɌɂɇȺɉɊɂɄȺɁɂɊȺɄɍȼȺȵȿ
Ɉɞɛɟɪɟɬɟɝɢɫɥɟɞɧɢɬɟɮɭɧɤɰɢɢɢɩɨɫɬɚɜɤɢ
ȼɫɦɭɤɭɜɚɱɢɫɤɥɭɱɟɧ ɍɬɢɱɧɢɰɚɬɚɜɨɞɢɧɚɩɨɧ
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ȼɫɦɭɤɭɜɚɱɨɬɪɚɛɨɬɢ
ɍɬɢɱɧɢɰɚɬɚɜɨɞɢɧɚɩɨɧ
Ⱥɜɬɨɦɚɬɫɤɚɮɭɧɤɰɢʁɚɧɚɬɪɟɫɟʃɟɢɫɤɥɭɱɟɧɚ
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ȼɫɦɭɤɭɜɚɱɨɬɪɚɛɨɬɢ
ɍɬɢɱɧɢɰɚɬɚɜɨɞɢɧɚɩɨɧ
Ⱥɜɬɨɦɚɬɫɤɚɮɭɧɤɰɢʁɚɧɚɬɪɟɫɟʃɟɢɫɤɥɭɱɟɧɚ
ȼɫɦɭɤɭɜɚɱɨɬɫɟɜɤɥɭɱɭɜɚɢɢɫɤɥɭɱɭɜɚɩɪɟɤɭ
ɩɪɢɤɥɭɱɟɧɟɥɟɤɬɪɨɚɥɚɬɩɨɞɜɨɡɞɭɲɟɧ
ɩɪɢɬɢɫɨɤɧɚɭɬɢɱɧɢɰɚɬɚ
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Ɋɟɠɢɦɧɚɩɪɢɩɪɚɜɧɨɫɬ
ɍɬɢɱɧɢɰɚɬɚɜɨɞɢɧɚɩɨɧ
Ⱥɜɬɨɦɚɬɫɤɚɮɭɧɤɰɢʁɚɧɚɬɪɟɫɟʃɟɜɤɥɭɱɟɧɚ
ȼɫɦɭɤɭɜɚɱɨɬɫɟɜɤɥɭɱɭɜɚɢɢɫɤɥɭɱɭɜɚɩɪɟɤɭ
ɩɪɢɤɥɭɱɟɧɟɥɟɤɬɪɨɚɥɚɬɩɨɞɜɨɡɞɭɲɟɧ
ɩɪɢɬɢɫɨɤɧɚɭɬɢɱɧɢɰɚɬɚ
Ⱥɜɬɨɦɚɬɫɤɚɮɭɧɤɰɢʁɚɧɚ
ɬɪɟɫɟʃɟ
Ⱥɜɬɨɦɚɬɫɤɚɮɭɧɤɰɢʁɚɧɚɬɪɟɫɟʃɟɜɤɥɭɱɟɧɚ
ɦɢɧɭɬɢ
ɂɧɞɢɤɚɬɨɪɡɚɩɨɥɧɟʃɟ
Ʉɚʁɩɨɥɧɫɚɞɢɢɥɢɡɚɬɧɭɜɚʃɚɧɚɰɪɟɜɨɬɨ
ɡɚɜɫɦɭɤɭɜɚʃɟɢɧɞɢɤɚɬɨɪɨɬɡɚɩɨɥɧɟʃɟ
ɬɪɟɩɤɚɄɚʁɜɫɦɭɤɭɜɚɱɢɨɞɤɥɚɫɚɬɚɆɢɏ
ɞɨɩɨɥɧɢɬɟɥɧɨɫɟʁɚɜɭɜɚɡɜɭɱɟɧɫɢɝɧɚɥ
Ɋɟɝɭɥɚɰɢʁɚɧɚɛɪɨʁɨɬɧɚ
ɜɪɬɟɠɢ
Ɋɟɝɭɥɢɪɚʁɬɟʁɚɦɨʅɧɨɫɬɧɚɜɫɦɭɤɭɜɚʃɟɬɨɫɨ
ɛɟɫɬɟɩɟɧɢɨɬɪɟɝɥɟɪɧɚɛɪɨʁɨɬɧɚɜɪɬɟɠɢ
ɇɚɝɨɞɭɜɚʃɟɧɚɞɢʁɚɦɟɬɚɪɨɬ
ɧɚɰɪɟɜɨɬɨɡɚɜɫɦɭɤɭɜɚʃɟ
Ɉɩɪɟɞɟɥɭɜɚʁɬɟɝɢɦɚɤɫɢɦɚɥɧɢɬɟɜɪɟɞɧɨɫɬɢ
ɧɚɩɨɬɩɪɢɬɢɫɨɤɡɚɚɜɬɨɦɚɬɫɤɨɬɨɬɪɟɫɟʃɟɤɚʁ
ɫɨɨɞɜɟɬɟɧɞɢʁɚɦɟɬɚɪɧɚɰɪɟɜɨ
ɡɚɜɢɫɧɨɨɞɜɚɪɢʁɚɧɬɚɬɚɧɚɨɩɪɟɦɟɧɨɫɬɧɚɜɚɲɢɨɬɜɫɦɭɤɭɜɚɱ

ɉɍɒɌȺȵȿȼɈɊȺȻɈɌȺ
ȼɤɥɭɱɭɜɚʃɟɢɢɫɤɥɭɱɭɜɚʃɟ
ɉɊȿȾɍɉɊȿȾɍȼȺȵȿɉɪɢɩɪɢɤɥɭɱɭɜɚʃɟɬɨɟɥɟɤɬɪɨɚɥɚɬɨɬɨɞɧɨɫɧɨɚɥɚɬɨɬ
ɩɨɞɜɨɡɞɭɲɟɧɩɪɢɬɢɫɨɤɦɨɪɚɞɚɛɢɞɟɢɫɤɥɭɱɟɧ
ɍɬɢɱɧɢɰɚɬɚɧɚɜɫɦɭɤɭɜɚɱɨɬɩɪɢɜɤɥɭɱɟɧɭɬɢɤɚɱɫɟɤɨɝɚɲɫɬɨɢɩɨɞɧɚɩɨɧɧɟɡɚɜɢɫɧɨ
ɨɞɩɨɡɢɰɢʁɚɬɚɧɚɩɪɟɤɢɧɭɜɚɱɨɬ
ɍɉȺɌɋɌȼɈȼɨɩɨɡɢɰɢʁɚɧɚɩɪɟɤɢɧɭɜɚɱ!ɭɬɢɱɧɢɰɚɬɚɧɚɜɫɦɭɤɭɜɚɱɨɬ
ɦɨɠɟɞɚɛɢɞɟɭɩɨɬɪɟɛɭɜɚɧɚɤɚɤɨɩɪɨɞɨɥɠɟɧɤɚɛɟɥ
ɉɪɢɤɥɭɱɧɚɜɪɟɞɧɨɫɬɜɫɦɭɤɭɜɚɱɩɪɢɤɥɭɱɟɧɚɩɚɪɚɬɦɚɤɫɢɦɚɥɧɨ$
ɋɬɚɜɟɬɟɝɨɭɬɢɤɚɱɨɬɜɨɭɬɢɱɧɢɰɚɬɚ
ȼɫɦɭɤɭɜɚɱɢɫɤɥɭɱɟɧ
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ȼɫɦɭɤɭɜɚɱɨɬɫɟɜɤɥɭɱɭɜɚɢɢɫɤɥɭɱɭɜɚɨɞɟɥɟɤɬɪɨɚɥɚɬɨɬ
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ȼɫɦɭɤɭɜɚɱɧɚ6WDQGE\
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ɫɟɤɨɢɦɢɧ
ȼɫɦɭɤɭɜɚɱɢɫɤɥɭɱɟɧ
ȼɫɦɭɤɭɜɚɱɜɤɥɭɱɟɧɛɟɡɮɭɧɤɰɢʁɚɧɚɬɪɟɫɟʃɟ
ȼɫɦɭɤɭɜɚɱɜɤɥɭɱɟɧɫɨɚɜɬɨɦɚɬɫɤɚɮɭɧɤɰɢʁɚɧɚɬɪɟɫɟʃɟ
ȼɫɦɭɤɭɜɚɱɧɚ6WDQGE\
Ⱦɭɪɢɩɨɜɤɥɭɱɭɜɚʃɟɧɚɚɥɚɬɨɬɜɫɦɭɤɭɜɚɱɨɬɚɜɬɨɦɚɬɫɤɢɜɤɥɭɱɭɜɚ
ɉɨɢɫɤɥɭɱɭɜɚʃɟɧɚɚɥɚɬɨɬɜɫɦɭɤɭɜɚɱɨɬɪɚɛɨɬɢɧɚɤɧɚɞɧɨɭɲɬɟɫɟɤɭɧɞɢɫɨɲɬɨ
ɫɟɫɩɪɟɱɭɜɚɞɚɧɟɦɚɨɫɬɚɧɚɬɨɤɨɥɢɱɟɫɬɜɨɜɨɰɪɟɜɨɬɨ
ȼɧɚɬɪɟɲɟɧɞɢʁɚɦɟɬɚɪɧɚɰɪɟɜɨ ɉɨɡɢɰɢʁɚɧɚɩɪɟɤɢɧɭɜɚɱ
PP PñK
PP PñK
PP PñK
ɇɟɫɟɜɪɲɢɪɟɝɭɥɚɰɢʁɚɧɚɛɪɨʁɨɬɧɚɜɪɬɟɠɢȼɫɦɭɤɭɜɚɱɨɬɫɟɤɨɝɚɲɪɚɛɨɬɢɫɨ
ɦɚɤɫɢɦɚɥɧɢɨɬɛɪɨʁɧɚɜɪɬɟɠɢ

0.

ɊȿɀɂɆɂɇȺɊȺȻɈɌȺ
ɉɪɢɭɩɨɬɪɟɛɚɧɚɰɟɜɤɚɬɚɡɚɞɪɠɟʃɟɫɨɲɢɛɟɪɨɬɡɚɩɪɨɩɪɚɬɟɧɜɨɡɞɭɯɦɨɠɟɞɚ
ɫɟɩɪɢɥɚɝɨɞɢɦɨʅɧɨɫɬɚɧɚɫɦɭɤɚʃɟɬɨ
ɋɭɜɨɜɫɦɭɤɭɜɚʃɟ
Ⱦɚɫɟɜɫɦɭɤɭɜɚɫɚɦɨɫɨɫɭɜɮɢɥɬɟɪɜɫɦɭɤɭɜɚɱɢɞɨɞɚɬɨɰɢɡɚɜɫɦɭɤɭɜɚɱɨɬɞɚ
ɧɟɨɫɬɚɧɟɡɚɥɟɩɟɧɢɞɚɧɟɡɚɤɨɪɚɜɢ
Ʉɨɝɚɫɟɜɫɦɭɤɭɜɚɚɬɫɚɼɢɰɟɦɟɧɬɝɢɩɫɛɪɚɲɧɨɢɥɢɫɥɢɱɧɢɩɪɚɲɢɧɢɜɢ
ɩɪɟɩɨɪɚɱɭɜɚɦɟɭɩɨɬɪɟɛɚɧɚɯɚɪɬɢɟɧɚɮɢɥɬɟɪʅɟɫɚɍɩɨɬɪɟɛɭɜɚʁɬɟɯɚɪɬɢɟɧɚ
ɮɢɥɬɟɪʅɟɫɚɫɟɤɨɝɚɲɡɚɟɞɧɨɫɨɤɚɫɟɬɢɡɚɧɚɛɪɚɧɮɢɥɬɟɪ
ȼɥɚɠɧɨɜɫɦɭɤɭɜɚʃɟ
ɉɊȿȾɍɉɊȿȾɍȼȺȵȿɉɪɢɢɡɥɟɝɭɜɚʃɟɩɟɧɚɢɥɢɬɟɱɧɨɫɬɜɟɞɧɚɲɢɫɤɥɭɱɟɬɟ
ɝɨɜɫɦɭɤɭɜɚɱɨɬ
ɂɫɩɪɚɡɧɟɬɟɝɨɫɚɞɨɬɢɩɨɩɨɬɪɟɛɚɤɚɫɟɬɚɬɚɡɚɧɚɛɪɚɧɮɢɥɬɟɪ
ȼɇɂɆȺɇɂȿɊɟɞɨɜɧɨɱɢɫɬɟɬɟɝɨɭɪɟɞɨɬɡɚɨɝɪɚɧɢɱɭɜɚʃɟɧɚɧɢɜɨɬɨɧɚɜɨɞɚɬɚ
ɢɩɪɨɜɟɪɭɜɚʁɬɟɝɨɜɨɩɨɝɥɟɞɧɚɡɧɚɰɢɧɚɨɲɬɟɬɭɜɚʃɟ
ȼɫɦɭɤɭɜɚʁɬɟɛɟɡɯɚɪɬɢɟɧɚɮɢɥɬɟɪʅɟɫɚ
Ʉɚɫɟɬɢɬɟɡɚɧɚɛɪɚɧɮɢɥɬɟɪɫɟɧɚɦɟɧɟɬɢɡɚɜɨɞɟɧɨɜɫɦɭɤɭɜɚʃɟ
ȼɝɪɚɞɟɧɢɨɬɫɟɧɡɨɪɝɨɢɫɤɥɭɱɭɜɚɦɨɬɨɪɨɬɩɪɢɩɨɥɧɫɚɞ
ɉɨɥɧɫɚɞɦɨɠɟɞɚɜɥɢʁɚɟɧɟɝɚɬɢɜɧɨɜɪɡɪɚɤɭɜɚʃɟɬɨɫɨɜɫɦɭɤɭɜɚɱɨɬ
ɂɫɩɪɚɡɧɟɬɟɝɨɜɫɦɭɤɭɜɚɱɨɬ
ȼɇɂɆȺɇɂȿȾɨɤɨɥɤɭɜɫɦɭɤɭɜɚɱɨɬɧɟɫɟɢɫɤɥɭɱɢɡɚɲɬɢɬɚɬɚɨɞɩɨɜɬɨɪɧɨ
ɜɤɥɭɱɭɜɚʃɟɞɟʁɫɬɜɭɜɚɢɩɨɧɚɬɚɦɭ
Ⱦɭɪɢɩɨɢɫɤɥɭɱɭɜɚʃɟɢɩɨɜɬɨɪɧɨɜɤɥɭɱɭɜɚʃɟɜɫɦɭɤɭɜɚɱɨɬɟɩɨɜɬɨɪɧɨ
ɩɨɞɝɨɬɜɟɧɡɚɪɚɛɨɬɚ
ɉɪɟɞɩɪɚɡɧɟʃɟɬɨɧɚʁɩɪɜɨɢɡɜɚɞɟɬɟɝɨɰɪɟɜɨɬɨɡɚɜɫɦɭɤɭɜɚʃɟɨɞɬɟɱɧɨɫɬɚ
ɉɪɟɤɭɜɢɫɨɤɚɬɚɦɨʅɧɨɫɬɧɚɜɫɦɭɤɭɜɚʃɟɢɮɨɪɦɚɬɚɧɚɫɚɞɨɬɲɬɨɨɜɨɡɦɨɠɭɜɚ
ɫɬɪɭɟʃɟɦɨɠɧɨɟɩɨɢɫɤɥɭɱɭɜɚʃɟɬɨɞɚɫɟɜɪɚɬɢɦɚɥɤɭɜɨɞɚɨɞɰɪɟɜɨɬɨ
ɉɪɢɫɥɟɞɧɨɫɭɜɨɜɫɦɭɤɭɜɚʃɟɭɩɨɬɪɟɛɟɬɟɫɭɜɢɮɢɥɬɪɢ
ɍɉȺɌɋɌȼɈɉɪɢɱɟɫɬɨɦɟɧɭɜɚʃɟɦɟɼɭɫɭɜɨɢɜɥɚɠɧɨɜɫɦɭɤɭɜɚʃɟɜɢ
ɩɪɟɩɨɪɚɱɭɜɚɦɟ
ɭɩɨɬɪɟɛɚɧɚɜɬɨɪɤɨɦɩɥɟɬɮɢɥɬɪɢɫɟɩɪɟɬɩɨɱɢɬɚɩɨɥɢɟɫɬɟɪɧɢɤɚɫɟɬɢɡɚ
ɧɚɛɪɚɧɮɢɥɬɟɪ

ɉɈɋɌɈȳȺɇɈɑɂɋɌȿȵȿɎɂɅɌȿɊ
Ɉɜɨʁɜɫɦɭɤɭɜɚɱɟɨɩɪɟɦɟɧɫɨɟɥɟɤɬɪɨɦɚɝɧɟɬɧɨɱɢɫɬɟʃɟɧɚɮɢɥɬɟɪɨɬɫɨɲɬɨɫɟ
ɢɫɬɪɟɫɭɜɚɥɟɩɟɱɤɚɬɚɩɪɚɲɢɧɚɨɞɤɚɫɟɬɢɬɟɡɚɧɚɛɪɚɧɮɢɥɬɟɪ
Ʉɚɫɟɬɢɬɟɡɚɧɚɛɪɚɧɮɢɥɬɟɪɫɟɱɢɫɬɚɬɧɚɢɡɦɟɧɢɱɧɨɟɞɧɨɩɨɞɪɭɝɨɨɬɤɚɤɨʅɟ
ɩɨɫɬɢɝɧɚɬɧɚɝɨɞɟɧɦɢɧɢɦɚɥɟɧɫɬɪɭɟɧɜɨɥɭɦɟɧɫɨɲɬɨɫɟɝɚɪɚɧɬɢɪɚɤɨɧɬɢɧɭɢɪɚɧɨ
ɪɚɛɨɬɟʃɟ
ɉɊȺɁɇȿȵȿɇȺɋȺȾɈɌ
ȼɇɂɆȺɇɂȿȾɨɡɜɨɥɟɧɨɫɚɦɨɤɚʁɩɪɚɲɢɧɢɫɨɝɪɚɧɢɱɧɢɜɪɟɞɧɨɫɬɢɧɚ
ɟɤɫɩɨɡɢɰɢʁɚ$*:¶V!PJPñ
ɂɫɤɥɭɱɟɬɟɝɨɜɫɦɭɤɭɜɚɱɨɬɢɡɜɚɞɟɬɟɝɨɭɬɢɤɚɱɨɬɨɞɫɬɪɭʁɚ
Ɉɬɜɨɪɟɬɟɝɢɡɚɬɜɨɪɚɱɢɬɟ
ɂɡɜɚɞɟɬɟɝɨɤɚɩɚɱɟɬɨɢɰɪɟɜɨɬɨɡɚɜɫɦɭɤɭɜɚʃɟɨɞɫɚɞɨɬ
ɉɪɟɜɪɬɟɬɟɝɨɫɚɞɨɬ
Ɉɬɫɬɪɚɧɭɜɚʃɟɯɚɪɬɢɟɧɚɮɢɥɬɟɪʅɟɫɚ
ɂɡɜɥɟɱɟɬɟɝɨɭɬɢɤɚɱɨɬɨɞɦɪɟɠɚ
ɋɬɚɜɟɬɟɡɚɲɬɢɬɚɡɚɭɫɬɚ
Ɉɬɫɬɪɚɧɟɬɟɝɨɰɪɟɜɨɬɨɡɚɜɫɦɭɤɭɜɚʃɟɡɚɬɜɨɪɟɬɟɝɨɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɫɨ
ɲɬɨɩɧɚ
Ɉɬɜɨɪɟɬɟɝɢɫɬɪɚɧɢɱɧɢɬɟɡɚɬɜɨɪɚɱɢɢɡɜɚɞɟɬɟɝɨɝɨɪɧɢɨɬɞɟɥ
ɂɡɜɥɟɱɟɬɟʁɚɜɧɢɦɚɬɟɥɧɨɩɪɢɪɚɛɧɢɰɚɬɚɨɞɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɢɡɚɬɜɨɪɟɬɟʁɚ
Ɉɬɫɬɪɚɧɟɬɟɝɨɜɫɦɭɤɚɧɢɨɬɦɚɬɟɪɢʁɚɥɫɨɝɥɚɫɧɨɡɚɤɨɧɫɤɢɬɟɨɞɪɟɞɛɢ
Ɉɬɫɬɪɚɧɭɜɚʃɟɉȿʅɟɫɚɡɚɩɪɚɡɧɟʃɟɢɨɬɫɬɪɚɧɭɜɚʃɟ
ɂɡɜɥɟɱɟɬɟɝɨɭɬɢɤɚɱɨɬɨɞɦɪɟɠɚ
ȷɟɫɚɡɚɩɪɚɡɧɟʃɟɢɨɬɫɬɪɚɧɭɜɚʃɟɨɞɉȿɂɫɤɥɭɱɟɬɟɝɨɜɫɦɭɤɭɜɚɱɨɬɢɫɬɪɟɫɟɬɟ
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ɋɬɚɜɟɬɟɡɚɲɬɢɬɚɡɚɭɫɬɚ
Ɉɬɫɬɪɚɧɟɬɟɝɨɰɪɟɜɨɬɨɡɚɜɫɦɭɤɭɜɚʃɟɡɚɬɜɨɪɟɬɟɝɨɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɫɨ
ɲɬɨɩɧɚ
Ɉɬɜɨɪɟɬɟɝɢɫɬɪɚɧɢɱɧɢɬɟɡɚɬɜɨɪɚɱɢɢɡɜɚɞɟɬɟɝɨɝɨɪɧɢɨɬɞɟɥɉɪɟɞɨɫɬɚɜɚʃɟɬɨ
ɜɤɥɭɱɟɬɟɝɨɝɨɪɧɢɨɬɞɟɥɜɨɩɨɡɢɰɢʁɚɧɚɩɪɟɤɢɧɭɜɱ!$ɡɚɞɚɫɟɜɫɦɭɤɚ
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Ɂɚɬɜɨɪɟɬɟʁɚʅɟɫɚɬɚɨɞɉȿɡɚɩɪɚɡɧɟʃɟɢɨɬɫɬɪɚɧɭɜɚʃɟɫɨɩɪɢɥɨɠɟɧɚɬɚ
ɥɟɧɬɚɡɚɡɚɬɜɨɪɚʃɟ
ɂɡɜɥɟɱɟɬɟʁɚɜɧɢɦɚɬɟɥɧɨɩɪɢɪɚɛɧɢɰɚɬɚɨɞɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɢɡɚɬɜɨɪɟɬɟʁɚ
ɂɡɜɚɞɟɬɟʁɚʅɟɫɚɬɚɨɞɉȿɡɚɩɪɚɡɧɟʃɟɢɨɬɫɬɪɚɧɭɜɚʃɟɜɧɢɦɚɬɟɥɧɨɨɞɫɚɞɨɬ
Ɉɬɫɬɪɚɧɟɬɟɝɨɜɫɦɭɤɚɧɢɨɬɦɚɬɟɪɢʁɚɥɫɨɝɥɚɫɧɨɡɚɤɨɧɫɤɢɬɟɨɞɪɟɞɛɢ

0.

ɋɬɚɜɚʃɟɯɚɪɬɢɟɧɚɮɢɥɬɟɪʅɟɫɚ
󱑁
󱐿
󱐽
󱐻
ɍɉȺɌɋɌȼɈɍɩɨɬɪɟɛɭɜɚʁɬɟɯɚɪɬɢɟɧɚ
ɮɢɥɬɟɪʅɟɫɚɫɚɦɨɡɚɫɭɜɨɜɫɦɭɤɭɜɚʃɟ
ȼɬɭɪɧɟɬɟʁɚɩɪɢɪɚɛɧɢɰɚɬɚɜɪɡɨɬɜɨɪɨɬ
ɡɚɜɫɦɭɤɭɜɚʃɟ
ɉɨɫɬɚɜɟɬɟɝɨɪɨɬɢɪɚɱɤɢɨɬɜɟɧɬɢɥɜɨ
ɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɫɨɦɚɪɤɢɪɚʃɟɬɨ
󱑁Ÿɧɚɝɨɪɟ
ȼɬɭɪɧɟɬɟʁɚɩɪɢɪɚɛɧɢɰɚɬɚɜɪɡɨɬɜɨɪɨɬ
ɡɚɜɫɦɭɤɭɜɚʃɟ
ɋɬɚɜɟɬɟɝɨɝɨɪɧɢɨɬɞɟɥɧɚɫɚɞɨɬɢ
ɡɚɬɜɨɪɟɬɟɝɢɫɬɪɚɧɢɱɧɢɬɟɡɚɬɜɨɪɚɱɢ
ɋɬɚɜɚʃɟʅɟɫɚɨɞɉȿɡɚɩɪɚɡɧɟʃɟɢɨɬɫɬɪɚɧɭɜɚʃɟ
ɍɉȺɌɋɌȼɈɋɚɦɨɜɫɦɭɤɭɜɚɱɢɬɟɨɞɤɥɚɫɚɬɚÄ0³ɢÄɏ³ɫɨɫɩɟɰɢʁɚɥɟɧɫɚɞ
ɢɪɨɬɢɪɚɱɤɢɜɟɧɬɢɥɜɨɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɫɟɩɨɝɨɞɧɢɡɚɭɩɨɬɪɟɛɚɧɚ
ʅɟɫɢɨɞɉȿɡɚɩɪɚɡɧɟʃɟɢɨɬɫɬɪɚɧɭɜɚʃɟ
󱑁
󱐿
󱐻
󱐽
ɉɨɫɬɚɜɟɬɟɝɨɪɨɬɢɪɚɱɤɢɨɬɜɟɧɬɢɥɜɨ
ɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɫɨ
ɦɚɪɤɢɪɚʃɟɬɨ󱑁Ɣɧɚɝɨɪɟ
ȼɬɭɪɧɟɬɟʁɚɩɪɢɪɚɛɧɢɰɚɬɚɧɚɞɨɬɜɨɪɨɬ
ɡɚɜɫɦɭɤɭɜɚʃɟɩɨɫɬɚɜɟɬɟ
ɝɨɝɨɪɧɢɨɬɨɬɜɨɪɧɚʅɟɫɚɬɚɧɚɞɪɚɛɨɬ
ɨɞɫɚɞɨɬ
ɋɬɚɜɟɬɟɝɨɝɨɪɧɢɨɬɞɟɥɧɚɫɚɞɨɬɢ
ɡɚɬɜɨɪɟɬɟɝɢ
ɫɬɪɚɧɢɱɧɢɬɟɡɚɬɜɨɪɚɱɢ
ɍɩɨɬɪɟɛɚɧɚɪɨɬɢɪɚɱɤɢɨɬɜɟɧɬɢɥ
ɉɪɢɬɢɫɤɚʁɬɟɝɨɪɨɬɢɪɚɱɤɢɨɬɜɟɧɬɢɥɨɞɜɧɚɬɪɟɤɨɧɧɚɞɜɨɪ
󱐻ɡɚɜɪɬɟɬɟɝɨ󱐽ɜɢɞɢ
ɦɚɪɤɢɪɚʃɟ󱑁ɢɨɞɧɚɞɜɨɪɩɪɟɤɭ
ɨɬɜɨɪɨɬɡɚɜɫɦɭɤɭɜɚʃɟɩɨɜɬɨɪɧɨɩɪɢɬɢɫɧɟɬɟɝɨɤɨɧɜɧɚɬɪɟ󱐿
ɁȺɆȿɇȺɇȺɎɂɅɌȿɊ
Ɂɚɦɟɧɚɧɚɧɚɛɪɚɧɮɢɥɬɟɪ
ɂɫɬɪɟɫɟɬɟɝɢɤɚɫɟɬɢɬɟɡɚɧɚɛɪɚɧɮɢɥɬɟɪɩɪɟɞɡɚɦɟɧɚɧɚɮɢɥɬɟɪɨɬ
ɋɨɩɚɪɢɱɤɚɢɥɢɫɥɢɱɟɧɩɪɟɞɦɟɬɫɜɪɬɟɬɟɝɨɡɚɬɜɨɪɚɱɨɬɧɚɛɥɨɤɟɥɟɦɟɧɬɨɬ=ɡɚ
ɫɩɪɨɬɢɜɧɨɨɞɧɚɫɨɤɚɬɚɧɚɫɬɪɟɥɤɢɬɟɧɚɱɚɫɨɜɧɢɤɨɬɢɩɪɢɬɢɫɧɟɬɟɝɨɛɥɨɤ
ɟɥɟɦɟɧɬɨɬɤɨɧɧɚɡɚɞ
Ɉɬɜɨɪɟɬɟɝɨɤɚɩɚɤɨɬ
ɂɡɜɚɞɟɧɢɬɟɤɚɫɟɬɢɡɚɧɚɛɪɚɧɮɢɥɬɟɪɜɟɞɧɚɲɨɡɚɬɜɨɪɟɬɟɝɢɜɨɩɥɚɫɬɢɱɧɚʅɟɫɚ
ɲɬɨɧɟɩɪɨɩɭɲɬɚɩɪɚɲɢɧɚɢɨɬɫɬɪɚɧɟɬɟɝɢɫɨɝɥɚɫɧɨɩɪɨɩɢɫɢɬɟ
ɋɬɚɜɟɬɟɧɨɜɢɤɚɫɟɬɢɡɚɧɚɛɪɚɧɮɢɥɬɟɪ
ɉɨɞɢɝɧɟɬɟʁɚɚɥɤɚɬɚɡɚɡɚɬɜɨɪɚʃɟɫɩɭɲɬɟɬɟɝɨɤɚɩɚɤɨɬɢɚɪɟɬɢɪɚʁɬɟɫɨɥɟɫɧɨ
ɩɪɢɬɢɫɤɚʃɟ

Ɂɚɦɟɧɚɧɚɮɢɥɬɟɪɨɬɡɚɡɚɲɬɢɬɚɧɚɦɨɬɨɪɨɬ
ɍɉȺɌɋɌȼɈȾɨɤɨɥɤɭɮɢɥɬɟɪɨɬɡɚɡɚɲɬɢɬɚɧɚɦɨɬɨɪɨɬɟɧɟɱɢɫɬɬɨɚɭɩɚɬɭɜɚɧɚ
ɧɟɢɫɩɪɚɧɢɮɢɥɬɟɪɤɚɫɟɬɢ
Ɂɚɦɟɧɟɬɟɝɢɤɚɫɟɬɢɬɟɡɚɧɚɛɪɚɧɮɢɥɬɟɪ
Ɂɚɦɟɧɟɬɟɝɨɮɢɥɬɟɪɨɬɡɚɡɚɲɬɢɬɚɧɚɦɨɬɨɪɨɬɨɞɧɨɫɧɨɢɡɦɢʁɬɟɝɨɮɢɥɬɟɪɨɬɡɚ
ɡɚɲɬɢɬɚɧɚɦɨɬɨɪɨɬ
ɩɨɞɜɨɞɚɢɫɭɲɟɬɟɝɨɢɫɬɚɜɟɬɟɝɨɩɨɜɬɨɪɧɨ
ɈȾɊɀɍȼȺȵȿ
ɍɉȺɌɋɌȼɈɉɪɟɞɫɟɤɚɤɜɚɚɤɬɢɜɧɨɫɬɩɨɜɪɡɚɧɚɫɨɨɞɪɠɭɜɚʃɟɢɫɤɥɭɱɟɬɟɝɨ
ɜɫɦɭɤɭɜɚɱɨɬɢɢɡɜɥɟɱɟɬɟɝɨɭɬɢɤɚɱɨɬɨɞɦɪɟɠɚ
Ɂɚɨɞɪɠɭɜɚʃɟɨɞɫɬɪɚɧɚɧɚɤɨɪɢɫɧɢɤɨɬɜɫɦɭɤɭɜɚɱɨɬɦɨɪɚɞɚɛɢɞɟ
± ɞɟɦɨɧɬɢɪɚɧ
± ɢɫɱɢɫɬɟɧ
± ɫɟɪɜɢɫɢɪɚɧ
ɞɨɤɨɥɤɭɢɫɬɨɬɨɟɦɨɠɧɨɛɟɡɩɪɢɬɨɚɞɚɫɟɩɪɟɞɢɡɜɢɤɚɨɩɚɫɧɨɫɬɩɨɩɟɪɫɨɧɚɥɨɬ
ɡɚɨɞɪɠɭɜɚʃɟɢɞɪɭɝɢɥɢɰɚ
Ɇɟɪɤɢɧɚɩɪɟɬɩɚɡɥɢɜɨɫɬ
ɋɨɨɞɜɟɬɧɢɬɟɦɟɪɤɢɧɚɩɪɟɬɩɚɡɥɢɜɨɫɬɫɨɞɪɠɚɬ
ɑɢɫɬɟʃɟɩɪɟɞɞɟɦɨɧɬɚɠɚɬɚ
ɞɚɫɟɜɨɞɢɝɪɢɠɚɡɚɮɢɥɬɪɢɪɚɧɚɧɚɦɟɬɧɚɬɚɜɟɧɬɢɥɚɰɢʁɚɧɚɦɟɫɬɨɬɨɤɚɞɟɲɬɨʅɟ
ɛɢɞɟɞɟɦɨɧɬɢɪɚɧɜɫɦɭɤɭɜɚɱɨɬ
ɑɢɫɬɟʃɟɜɨɩɨɞɪɚɱʁɟɬɨɧɚɨɞɪɠɭɜɚʃɟ
ɋɨɨɞɜɟɬɧɚɨɩɪɟɦɚɡɚɥɢɱɧɚɡɚɲɬɢɬɚ
ɆɟɪɤɢɧɚɩɪɟɬɩɚɡɥɢɜɨɫɬɤɚʁɜɫɦɭɤɭɜɚɱɢɨɞɤɥɚɫɢɬɟÄɏ³ɢÄɆ³
ɇɚɞɜɨɪɟɲɧɨɫɬɚɧɚɜɫɦɭɤɭɜɚɱɨɬɬɪɟɛɚɞɚɛɢɞɟɢɫɱɢɫɬɟɧɚɫɨɩɨɫɬɚɩɤɚɡɚ
ɜɫɦɭɤɭɜɚʃɟɧɚɩɪɚɲɢɧɚɬɚɢɥɢɞɚɛɢɞɟɱɢɫɬɨɢɡɛɪɢɲɚɧɚɢɥɢɞɚɛɢɞɟɬɪɟɬɢɪɚɧɚɫɨ
ɫɪɟɞɫɬɜɚɡɚɡɚɬɧɭɜɚʃɟɩɪɟɞɞɚɛɢɞɚɬɡɟɦɟɧɢɨɞɨɩɚɫɧɨɬɨɩɨɞɪɚɱʁɟɋɢɬɟɞɟɥɨɜɢ
ɨɞɜɫɦɭɤɭɜɚɱɨɬɬɪɟɛɚɞɚɫɟɫɦɟɬɚɚɬɡɚɧɟɱɢɫɬɢɞɨɤɨɥɤɭɫɟɡɟɦɚɚɬɨɞɨɩɚɫɧɨɬɨ
ɩɨɞɪɚɱʁɟɆɨɪɚɞɚɫɟɩɪɟɡɟɦɚɬɫɨɨɞɜɟɬɧɢɞɟʁɫɬɜɚɡɚɞɚɫɟɢɡɛɟɝɧɟɩɪɟɧɟɫɭɜɚʃɟɧɚ
ɩɪɚɲɢɧɚɬɚ
ɇɟɱɢɫɬɢɩɪɟɞɦɟɬɢ
ɉɪɢɢɡɜɪɲɭɜɚʃɟɧɚɪɚɛɨɬɢɩɨɜɪɡɚɧɢɫɨɨɞɪɠɭɜɚʃɟɢɩɨɩɪɚɜɤɚɦɨɪɚɞɚɛɢɞɚɬ
ɨɬɫɬɪɚɧɟɬɢɫɢɬɟɧɟɱɢɫɬɢɩɪɟɞɦɟɬɢɤɨɢɲɬɨɧɟɦɨɠɚɬɞɚɛɢɞɚɬɢɫɱɢɫɬɟɧɢɞɨɜɨɥɧɨ
ɞɨɛɪɨɌɚɤɜɢɬɟɩɪɟɞɦɟɬɢɦɨɪɚɞɚɛɢɞɚɬɨɬɫɬɪɚɧɟɬɢɜɨɧɟɩɪɨɩɭɫɬɥɢɜɢʅɟɫɢɜɨ
ɫɨɝɥɚɫɧɨɫɬɫɨɜɚɠɟɱɤɢɬɟɨɞɪɟɞɛɢɡɚɨɬɫɬɪɚɧɭɜɚʃɟɬɚɤɨɜɨɬɩɚɞ
Ɍɟɯɧɢɱɤɚɩɪɨɜɟɪɤɚ
ɉɪɨɢɡɜɨɞɢɬɟɥɨɬɢɥɢɨɛɭɱɟɧɨɥɢɰɟɦɨɪɚɞɚɢɡɜɪɲɢɬɟɯɧɢɱɤɚɩɪɨɜɟɪɤɚɧɚʁɦɚɥɤɭɧɚ
ɝɨɞɢɲɧɨɧɢɜɨɤɨʁɚɲɬɨʅɟɫɟɫɨɫɬɨɢɧɚɩɪɢɦɟɪɨɞɩɪɨɜɟɪɤɚɧɚɮɢɥɬɪɢɬɟɩɨɨɞɧɨɫ
ɧɚɨɲɬɟɬɭɜɚʃɟɧɚɧɟɩɪɨɩɭɫɬɥɢɜɨɫɬɚɡɚɩɬɢɜɚʃɟɬɨɧɚɜɨɡɞɭɯɤɚʁɜɫɦɭɤɭɜɚɱɨɬɢɧɚ
ɢɫɩɪɚɜɧɨɬɨɮɭɧɤɰɢɨɧɢɪɚʃɟɧɚɤɨɧɬɪɨɥɧɢɨɬɭɪɟɞ

0.

Ɍɟɫɬɢɪɚʃɟɧɚɟɮɟɤɬɢɜɧɨɫɬɚɧɚɜɫɦɭɤɭɜɚɱɨɬ
ɁȺȻȿɅȿɒɄȺɄɚʁɜɫɦɭɤɭɜɚɱɢɨɞɤɥɚɫɚɬɚÄɏ³ɞɨɩɨɥɧɢɬɟɥɧɨɟɩɨɬɪɟɛɧɨɞɚɫɟ
ɩɪɨɜɟɪɢɟɮɢɤɚɫɧɨɫɬɚɧɚɜɫɦɭɤɭɜɚɱɨɬɧɚʁɦɚɥɤɭɧɚɝɨɞɢɲɧɨɧɢɜɨ
ȼɨɩɪɨɫɬɨɪɢʁɚɬɚɦɨɪɚɞɚɩɨɫɬɨɢɞɨɜɨɥɟɧɫɬɟɩɟɧɧɚɪɚɡɦɟɧɚɧɚɜɨɡɞɭɯ/ɤɨɝɚ
ɢɡɥɟɝɭɜɚɱɤɢɨɬɜɨɡɞɭɯɫɟɜɪɚʅɚɜɨɩɪɨɫɬɨɪɢʁɚɬɚȾɪɭɝɢɭɩɚɬɫɬɜɚɦɨɠɟɬɟɞɚ
ɧɚʁɞɟɬɟɜɨɜɚɲɢɬɟɧɚɰɢɨɧɚɥɧɢɩɪɨɩɢɫɢ
Ⱦɨɤɨɥɤɭɫɟɧɚɦɚɥɭɜɚɭɱɢɧɨɤɨɬɜɨɜɫɦɭɤɭɜɚʃɟɬɨɧɚɜɫɦɭɤɭɜɚɱɨɬɚɱɢɫɬɟʃɟɬɨ
ɧɚɤɚɫɟɬɢɬɟɡɚɧɚɛɪɚɧɮɢɥɬɟɪɧɟɝɨɡɝɨɥɟɦɭɜɚɭɱɢɧɨɤɨɬɧɚɜɫɦɭɤɭɜɚʃɟɬɨɩɨɞ
ɩɪɟɬɩɨɫɬɚɜɤɚɞɨɤɨɥɤɭɫɚɞɨɬɟɩɪɚɡɟɧɢɟɢɡɜɪɲɟɧɚɡɚɦɟɧɚɧɚɯɚɪɬɢɟɧɚɬɚ
ɮɢɥɬɟɪʅɟɫɚɜɨɬɨʁɫɥɭɱɚʁɟɩɨɬɪɟɛɧɨɞɚɫɟɢɡɜɪɲɢɡɚɦɟɧɚɧɚɤɚɫɟɬɢɬɟɡɚ
ɧɚɛɪɚɧɮɢɥɬɟɪ
ɑɂɋɌȿȵȿ
ɍɉȺɌɋɌȼɈɄɢɫɟɥɢɧɚɚɰɟɬɨɧɢɪɚɡɪɟɞɭɜɚɱɢɦɨɠɚɬɞɚɧɚɝɪɢɡɚɚɬɞɟɥɨɜɢɨɞ
ɜɫɦɭɤɭɜɚɱɨɬ
ɂɫɱɢɫɬɟɬɟɝɢɫɚɞɨɬɢɞɨɞɚɬɨɰɢɬɟɫɨɜɨɞɚ
ɂɡɛɪɢɲɟɬɟɝɨɝɨɪɧɢɨɬɞɟɥɫɨɜɥɚɠɧɚɤɪɩɚ
Ɉɫɬɚɜɟɬɟɝɢɫɚɞɨɬɢɞɨɞɚɬɨɰɢɬɟɞɚɫɟɢɫɭɲɚɬ
ɉɈɉɊȺȼɄȺ
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ɉɟɪɟɞɧɚɱɚɥɨɦɷɤɫɩɥɭɚɬɚɰɢɢɩɨɥɶɡɨɜɚɬɟɥɶɞɨɥɠɟɧɛɵɬɶɩɪɨɢɧɮɨɪɦɢɪɨɜɚɧ
ɢɩɪɨɢɧɫɬɪɭɤɬɢɪɨɜɚɧɩɨɢɫɩɨɥɶɡɨɜɚɧɢɸɩɵɥɟɫɨɫɚɢɜɨɬɧɨɲɟɧɢɢɜɟɳɟɫɬɜ
ɞɥɹɤɨɬɨɪɵɯɦɨɠɟɬɛɵɬɶɢɫɩɨɥɶɡɨɜɚɧɩɵɥɟɫɨɫɜɤɥɸɱɚɹɧɚɞɟɠɧɵɟɫɩɨɫɨɛɵ
ɭɫɬɪɚɧɟɧɢɹɚɛɫɨɪɛɢɪɨɜɚɧɧɵɯɦɚɬɟɪɢɚɥɨɜ
ɂɇȾɂɄȺɌɈɊɕɂɄɇɈɉɄɂɍɉɊȺȼɅȿɇɂə
ȼɵɦɨɠɟɬɟɜɵɛɪɚɬɶɫɥɟɞɭɸɳɢɟɮɭɧɤɰɢɢɢɪɟɠɢɦɵ
ɩɵɥɟɫɨɫɜɵɤɥɸɱɟɧ
Ɋɨɡɟɬɤɚɧɚɯɨɞɢɬɫɹɩɨɞɧɚɩɪɹɠɟɧɢɟɦ
, ɩɵɥɟɫɨɫɪɚɛɨɬɚɟɬ
Ɋɨɡɟɬɤɚɧɚɯɨɞɢɬɫɹɩɨɞɧɚɩɪɹɠɟɧɢɟɦ
Ɏɭɧɤɰɢɹɚɜɬɨɦɚɬɢɱɟɫɤɨɣɜɢɛɪɨɨɱɢɫɬɤɢ
ɮɢɥɶɬɪɨɜɨɬɤɥɸɱɟɧɚ
$ ɪɟɠɢɦɝɨɬɨɜɧɨɫɬɢ
Ɋɨɡɟɬɤɚɧɚɯɨɞɢɬɫɹɩɨɞɧɚɩɪɹɠɟɧɢɟɦ
Ɏɭɧɤɰɢɹɚɜɬɨɦɚɬɢɱɟɫɤɨɣɜɢɛɪɨɨɱɢɫɬɤɢ
ɮɢɥɶɬɪɨɜɨɬɤɥɸɱɟɧɚ
$&
ɪɟɠɢɦɝɨɬɨɜɧɨɫɬɢ
Ⱥɜɬɨɦɚɬɢɱɟɫɤɚɹ
ɜɢɛɪɨɨɱɢɫɬɤɚɮɢɥɶɬɪɨɜ
Ɋɨɡɟɬɤɚɧɚɯɨɞɢɬɫɹɩɨɞɧɚɩɪɹɠɟɧɢɟɦ
Ɏɭɧɤɰɢɹɚɜɬɨɦɚɬɢɱɟɫɤɨɣɜɢɛɪɨɨɱɢɫɬɤɢ
ɮɢɥɶɬɪɨɜɜɤɥɸɱɟɧɚ
ɱɟɪɟɡɩɨɞɤɥɸɱɟɧɧɵɣɜɪɨɡɟɬɤɭɩɵɥɟɫɨɫɚ
ɷɥɟɤɬɪɨɢɧɫɬɪɭɦɟɧɬɩɧɟɜɦɚɬɢɱɟɫɤɢɣ
ɢɧɫɬɪɭɦɟɧɬɩɵɥɟɫɨɫɜɤɥɸɱɚɟɬɫɹɢ
ɜɵɤɥɸɱɚɟɬɫɹɜɦɟɫɬɟɫɧɢɦ
Ⱥɜɬɨɦɚɬɢɱɟɫɤɚɹ
ɜɢɛɪɨɨɱɢɫɬɤɚɮɢɥɶɬɪɨɜ
Ɏɭɧɤɰɢɹɚɜɬɨɦɚɬɢɱɟɫɤɨɣɜɢɛɪɨɨɱɢɫɬɤɢ
ɮɢɥɶɬɪɨɜɜɤɥɸɱɟɧɚPLQ
ɢɧɞɢɤɚɬɨɪɧɚɩɨɥɧɟɧɢɹ
ɢɧɞɢɤɚɬɨɪɡɚɝɨɪɚɟɬɫɹɤɨɝɞɚɤɨɧɬɟɣɧɟɪ
ɩɨɥɧɨɫɬɶɸɡɚɩɨɥɧɟɧɢɢɥɢɡɚɫɨɪɟɧ
ɜɫɚɫɵɜɚɸɳɢɣɲɥɚɧɝɍɩɵɥɟɫɨɫɨɜɤɥɚɫɫɚ
Ɇɢɇɞɨɩɨɥɧɢɬɟɥɶɧɨɡɜɭɱɢɬɡɜɭɤɨɜɨɣ
ɫɢɝɧɚɥ
Ɋɟɝɭɥɹɬɨɪɱɢɫɥɚ
ɨɛɨɪɨɬɨɜ
ɉɨɡɜɨɥɹɟɬɩɥɚɜɧɨɪɟɝɭɥɢɪɨɜɚɬɶɦɨɳɧɨɫɬɶ
ɜɫɚɫɵɜɚɧɢɹ
ɍɫɬɚɧɨɜɤɚɞɢɚɦɟɬɪɚ
ɜɫɚɫɵɜɚɸɳɟɝɨɲɥɚɧɝɚ
Ɉɩɪɟɞɟɥɢɬɟɦɚɤɫɢɦɚɥɶɧɵɣɩɨɤɚɡɚɬɟɥɶ
ɧɢɠɧɟɝɨɞɚɜɥɟɧɢɹɞɥɹɚɜɬɨɦɚɬɢɱɟɫɤɨɣ
ɜɢɛɪɨɨɱɢɫɬɤɢɮɢɥɶɬɪɨɜ

͎͇͉͏͘͏͙͕͙͕͓͖͙͇͑͒͌͑͝͏͏̩͇͕͌͊͟͖͕͇͒͌͘͘͢

ȼȼɈȾȼɗɄɋɉɅɍȺɌȺɐɂɘ
ȼɤɥɸɱɟɧɢɟɢɜɵɤɥɸɱɟɧɢɟ
ɈɋɌɈɊɈɀɇɈɗɥɟɤɬɪɨɢɧɫɬɪɭɦɟɧɬɢɥɢɩɧɟɜɦɚɬɢɱɟɫɤɢɣɢɧɫɬɪɭɦɟɧɬɜɦɨɦɟɧɬ
ɩɨɞɤɥɸɱɟɧɢɹɜɫɟɝɞɚɞɨɥɠɟɧɛɵɬɶɜɵɤɥɸɱɟɧ
Ɋɨɡɟɬɤɚɧɚɩɵɥɟɫɨɫɟɩɪɢɜɫɬɚɜɥɟɧɧɨɣɲɬɟɩɫɟɥɶɧɨɣɜɢɥɤɟɜɫɟɝɞɚɧɚɯɨɞɢɬɫɹɩɨɞ
ɧɚɩɪɹɠɟɧɢɟɦɧɟɡɚɜɢɫɢɦɨɨɬɩɨɥɨɠɟɧɢɹɜɵɤɥɸɱɚɬɟɥɹ
ɍɄȺɁȺɇɂȿɉɪɢɩɨɥɨɠɟɧɢɢɜɵɤɥɸɱɚɬɟɥɹ!ɪɨɡɟɬɤɚɧɚɩɵɥɟɫɨɫɟɦɨɠɟɬ
ɛɵɬɶɢɫɩɨɥɶɡɨɜɚɧɚɜɤɚɱɟɫɬɜɟɭɞɥɢɧɢɬɟɥɹ
ɋɢɥɚɬɨɤɚɩɪɢɩɨɞɤɥɸɱɟɧɢɢɩɵɥɟɫɨɫɩɨɞɤɥɸɱɟɧɧɵɣɷɥɟɤɬɪɨɢɧɫɬɪɭɦɟɧɬ
ɦɤɫȺ
ȼɫɬɚɜɶɬɟɲɬɟɤɟɪɜɪɨɡɟɬɤɭ
ɉɵɥɟɫɨɫɜɵɤɥɸɱɟɧ
, ɉɵɥɟɫɨɫɜɤɥɸɱɟɧɛɟɡɮɭɧɤɰɢɢɜɢɛɪɨɨɱɢɫɬɤɢ
$
ɉɵɥɟɫɨɫɧɚɯɨɞɢɬɫɹɜɪɟɠɢɦɟɝɨɬɨɜɧɨɫɬɢ6WDQGE\
ɚɜɬɨɦɚɬɢɱɟɫɤɚɹɫɢɫɬɟɦɚȼɤɥȼɵɤɥɩɵɥɟɫɨɫɚɉɵɥɟɫɨɫɜɤɥɸɱɚɟɬɫɹ
ɜɵɤɥɸɱɚɟɬɫɹɩɨɞɫɨɟɞɢɧɟɧɧɵɦɤɧɟɦɭɷɥɟɤɬɪɨɢɧɫɬɪɭɦɟɧɬɨɦ
$&
ɉɵɥɟɫɨɫɧɚɯɨɞɢɬɫɹɜɪɟɠɢɦɟɝɨɬɨɜɧɨɫɬɢ6WDQGE\
Ⱥɜɬɨɦɚɬɢɱɟɫɤɢɣɪɟɠɢɦɜɤɨɦɛɢɧɚɰɢɢɫɚɜɬɨɦɚɬɢɱɟɫɤɨɣɨɱɢɫɬɤɨɣɮɢɥɶɬɪɚ
ɉɪɢɜɤɥɸɱɟɧɢɢɢɧɫɬɪɭɦɟɧɬɚɩɵɥɟɫɨɫɜɤɥɸɱɚɟɬɫɹɚɜɬɨɦɚɬɢɱɟɫɤɢ
ɉɨɫɥɟɜɵɤɥɸɱɟɧɢɹɢɧɫɬɪɭɦɟɧɬɚɩɵɥɟɫɨɫɩɪɨɞɨɥɠɚɟɬɪɚɛɨɬɚɬɶɩɪɢɦɫɟɤɭɧɞ
ɱɬɨɩɨɡɜɨɥɹɟɬɢɡɛɟɠɚɬɶɫɤɚɩɥɢɜɚɧɢɹɨɫɬɚɬɤɨɜɩɵɥɢɜɲɥɚɧɝɟ
ɍɫɬɚɧɨɜɢɬɟɜɵɤɥɸɱɚɬɟɥɶɜɩɨɥɨɠɟɧɢɟ!
ȼɵɬɚɳɢɬɟɫɟɬɟɜɨɣɲɬɟɩɫɟɥɶ
Ⱦɥɹɫɨɯɪɚɧɧɨɫɬɢɡɚɮɢɤɫɢɪɭɣɬɟɜɫɚɫɵɜɚɸɳɢɣɲɥɚɧɝɜɫɩɟɰɢɚɥɶɧɨɦɦɟɫɬɟ
ɯɪɚɧɟɧɢɹɩɪɢɧɚɞɥɟɠɧɨɫɬɟɣɧɚɡɚɞɧɟɣɫɬɟɧɤɟɤɨɧɬɟɣɧɟɪɚ
Ʉɨɧɰɵɲɥɚɧɝɚɦɨɠɧɨɫɨɟɞɢɧɢɬɶɱɬɨɛɵɢɡɛɟɠɚɬɶɜɵɫɵɩɚɧɢɹɢɡɲɥɚɧɝɚɦɭɫɨɪɚ
ɈɋɌɈɊɈɀɇɈɉɟɪɟɤɥɸɱɚɬɟɥɶɩɪɟɞɜɚɪɢɬɟɥɶɧɨɣɭɫɬɚɧɨɜɤɢɞɥɹɫɢɝɧɚɥɚ
ɦɢɧɢɦɚɥɶɧɨɝɨɨɛɴɟɦɧɨɝɨɪɚɫɯɨɞɚɚɤɭɫɬɢɱɟɫɤɢɣɫɢɝɧɚɥɢɥɚɦɩɨɱɤɚɜ
ɩɵɥɟɫɨɫɚɯɤɥɚɫɫɨɜ©Ɇªɢ©ɇª
ȼɪɟɠɢɦɚɯ!Ⱥ5ɢ!$ɜɡɚɜɢɫɢɦɨɫɬɢɨɬɞɢɚɦɟɬɪɚɲɥɚɧɝɚɧɟɨɛɯɨɞɢɦɨɜɵɩɨɥɧɢɬɶ
ɫɥɟɞɭɸɳɢɟɭɫɬɚɧɨɜɤɢ
ȼɧɭɬɪɟɧɧɢɣɞɢɚɦɟɬɪɲɥɚɧɝɚ ɉɨɡɢɰɢɹɩɟɪɟɤɥɸɱɚɬɟɥɹ
PP P
ɱɚɫ
PP P
ɱɚɫ
PP P
ɱɚɫ
Ɋɟɝɭɥɢɪɨɜɚɧɢɟɱɢɫɥɚɨɛɨɪɨɬɨɜɧɟɨɫɭɳɟɫɬɜɥɹɟɬɫɹɉɵɥɟɫɨɫɩɨɫɬɨɹɧɧɨɪɚɛɨɬɚɟɬ
ɧɚɦɚɤɫɢɦɚɥɶɧɨɦɤɨɥɢɱɟɫɬɜɟɨɛɨɪɨɬɨɜ

586
ȼɂȾɕɗɄɋɉɅɍȺɌȺɐɂɂ
ɉɪɢɢɫɩɨɥɶɡɨɜɚɧɢɢɬɪɭɛɤɢɞɟɪɠɚɬɟɥɹɦɨɳɧɨɫɬɶɜɫɚɫɵɜɚɧɢɹɦɨɠɧɨ
ɪɟɝɭɥɢɪɨɜɚɬɶɡɚɫɱɟɬɡɚɞɜɢɠɤɢɞɥɹɜɩɭɫɤɚɞɨɛɚɜɨɱɧɨɝɨɜɨɡɞɭɯɚ
ɋɭɯɚɹɭɛɨɪɤɚ
Ⱦɥɹɫɭɯɨɣɭɛɨɪɤɢɢɫɩɨɥɶɡɭɣɬɟɬɨɥɶɤɨɩɵɥɟɫɨɫɵɮɢɥɶɬɪɵɢɩɪɢɧɚɞɥɟɠɧɨɫɬɢ
ɩɪɟɞɧɚɡɧɚɱɟɧɧɵɟɞɥɹɫɭɯɨɣɭɛɨɪɤɢɱɬɨɛɵɢɡɛɟɠɚɬɶɩɪɢɥɢɩɚɧɢɹɢ
ɡɚɬɜɟɪɞɟɧɢɹɩɵɥɢ
ȿɫɥɢɩɵɥɟɫɨɫɢɫɩɨɥɶɡɭɟɬɫɹɞɥɹɭɛɨɪɤɢɫɚɠɢɰɟɦɟɧɬɚɝɢɩɫɚɦɭɤɢɢɥɢ
ɚɧɚɥɨɝɢɱɧɵɯɜɢɞɨɜɩɵɥɢɪɟɤɨɦɟɧɞɭɟɬɫɹɢɫɩɨɥɶɡɨɜɚɬɶɛɭɦɚɠɧɵɣɮɢɥɶɬɪ
ɦɟɲɨɤ
Ȼɭɦɚɠɧɵɣɮɢɥɶɬɪɦɟɲɨɤɞɨɥɠɟɧɜɫɟɝɞɚɢɫɩɨɥɶɡɨɜɚɬɶɫɹɬɨɥɶɤɨɫɤɚɫɫɟɬɧɵɦ
ɮɢɥɶɬɪɨɦ
ȼɥɚɠɧɚɹɭɛɨɪɤɚ
ȼɇɂɆȺɇɂȿɋɪɚɡɭɜɵɤɥɸɱɢɬɟɩɵɥɟɫɨɫɟɫɥɢɢɡɧɟɝɨɧɚɱɢɧɚɟɬ
ɜɵɥɢɜɚɬɶɫɹɠɢɞɤɨɫɬɶɢɥɢɩɟɧɚ
Ɉɱɢɫɬɢɬɶɤɨɧɬɟɣɧɟɪɢɩɪɢɧɟɨɛɯɨɞɢɦɨɫɬɢɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣ
ɮɢɥɶɬɪ
ɍɄȺɁȺɇɂȿɊɟɝɭɥɹɪɧɨɨɱɢɳɚɣɬɟɞɚɬɱɢɤɭɪɨɜɧɹɜɨɞɵɢɩɪɨɜɟɪɹɣɬɟɧɚ
ɧɚɥɢɱɢɟɩɨɜɪɟɠɞɟɧɢɣ
ɉɵɥɟɫɨɫɢɫɩɨɥɶɡɭɟɬɫɹɛɟɡɛɭɦɚɠɧɨɝɨɮɢɥɶɬɪɦɟɲɤɚ
Ⱦɥɹɜɥɚɠɧɨɣɭɛɨɪɤɢɩɪɟɞɧɚɡɧɚɱɟɧɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪɉɪɢ
ɩɨɥɧɨɦɡɚɩɨɥɧɟɧɢɢɤɨɧɬɟɣɧɟɪɚɜɫɬɪɨɟɧɧɵɣɞɚɬɱɢɤɜɵɤɥɸɱɚɟɬɦɨɬɨɪɉɨɥɧɵɣ
ɤɨɧɬɟɣɧɟɪɦɨɠɟɬɧɟɝɚɬɢɜɧɨɩɨɜɥɢɹɬɶɧɚɪɚɛɨɬɭɩɵɥɟɫɨɫɚ
Ɉɱɢɫɬɢɬɟɩɵɥɟɫɨɫ
ɈɋɌɈɊɈɀɇɈɉɨɤɚɩɵɥɟɫɨɫɧɟɜɵɤɥɸɱɟɧɛɭɞɟɬɜɤɥɸɱɟɧɚɛɥɨɤɢɪɨɜɤɚ
ɩɟɪɟɡɚɩɭɫɤɚɌɨɥɶɤɨɩɨɫɥɟɜɵɤɥɸɱɟɧɢɹɢɩɨɜɬɨɪɧɨɝɨɜɤɥɸɱɟɧɢɹ
ɩɵɥɟɫɨɫɫɧɨɜɚɝɨɬɨɜɤɪɚɛɨɬɟ
ɉɟɪɟɞɨɱɢɫɬɤɨɣɩɵɥɟɫɨɫɚɧɟɨɛɯɨɞɢɦɨɫɧɚɱɚɥɚɜɵɧɭɬɶɜɫɚɫɵɜɚɸɳɢɣɲɥɚɧɝɢɡ
ɠɢɞɤɨɫɬɢ
ɂɡɡɚɜɵɫɨɤɨɣɦɨɳɧɨɫɬɢɜɫɚɫɵɜɚɧɢɹɢɨɛɬɟɤɚɟɦɨɣɮɨɪɦɵɤɨɧɬɟɣɧɟɪɚɢɡ
ɲɥɚɧɝɚɩɨɫɥɟɜɵɤɥɸɱɟɧɢɹɩɵɥɟɫɨɫɚɦɨɠɟɬɜɵɥɢɬɶɫɹɧɟɛɨɥɶɲɨɟɤɨɥɢɱɟɫɬɜɨ
ɜɨɞɵ
ɉɪɢɡɚɜɟɪɲɚɸɳɟɣɫɭɯɨɣɭɛɨɪɤɟɢɫɩɨɥɶɡɭɣɬɟɮɢɥɶɬɪɵɞɥɹɫɭɯɨɣɭɛɨɪɤɢ
ɍɄȺɁȺɇɂȿɉɪɢɱɚɫɬɨɣɫɦɟɧɟɫɭɯɨɣɢɜɥɚɠɧɨɣɭɛɨɪɤɢɪɟɤɨɦɟɧɞɭɟɬɫɹ
ɢɫɩɨɥɶɡɨɜɚɬɶɞɥɹɡɚɦɟɧɵɜɬɨɪɨɣɤɨɦɩɥɟɤɬɮɢɥɶɬɪɨɜɩɪɟɞɩɨɱɬɢɬɟɥɶɧɨ
ɫɤɥɚɞɱɚɬɵɟɤɚɫɫɟɬɧɵɟɮɢɥɶɬɪɵɢɡɩɨɥɢɷɫɬɟɪɚ

ɇȿɉɊȿɊɕȼɇȺəɈɑɂɋɌɄȺɎɂɅɖɌɊɈȼ
ɉɵɥɟɫɨɫɨɫɧɚɳɟɧɫɢɫɬɟɦɨɣɷɥɟɤɬɪɨɦɚɝɧɢɬɧɨɣɨɱɢɫɬɤɢɮɢɥɶɬɪɨɜɩɨɡɜɨɥɹɸɳɟɣ
ɨɱɢɳɚɬɶɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪɨɬɧɚɥɢɩɲɟɣɩɵɥɢ
ɋɤɥɚɞɱɚɬɵɟɤɚɫɫɟɬɧɵɟɮɢɥɶɬɪɵɱɢɫɬɹɬɫɹɩɨɩɟɪɟɦɟɧɧɨɱɬɨɩɨɡɜɨɥɹɟɬɨɛɟɫɩɟɱɢɬɶ
ɧɟɩɪɟɪɵɜɧɭɸɪɚɛɨɬɭ
̵͞͏͙͇͑͘͕͔͙͔͇͑͌͐͌͗
ɍɄȺɁȺɇɂȿȾɨɩɭɫɤɚɟɬɫɹɬɨɥɶɤɨɞɥɹɩɵɥɢɫɩɪɟɞɟɥɶɧɵɦɩɨɤɚɡɚɬɟɥɟɦ
ɤɨɧɰɟɧɬɪɚɰɢɢɜɪɟɞɧɵɯɜɟɳɟɫɬɜ!ɦɝɦ
ȼɵɤɥɸɱɢɬɟɩɵɥɟɫɨɫɢɡɫɟɬɢ
Ɉɬɤɪɨɣɬɟɡɚɳɟɥɤɢ
ɋɧɢɦɢɬɟɫɤɨɧɬɟɣɧɟɪɚɤɪɵɲɤɭɢɜɵɧɶɬɟɲɥɚɧɝ
Ɉɱɢɫɬɢɬɟɤɨɧɬɟɣɧɟɪɨɬɫɨɞɟɪɠɢɦɨɝɨ
ɍɬɢɥɢɡɚɰɢɹɛɭɦɚɠɧɨɝɨɮɢɥɶɬɪɦɟɲɤɚ
ȼɵɤɥɸɱɢɬɟɩɵɥɟɫɨɫɢɡɫɟɬɢ
ɇɚɞɟɧɶɬɟɪɟɫɩɢɪɚɬɨɪ
ȼɵɬɚɳɢɬɟɜɫɚɫɵɜɚɸɳɢɣɲɥɚɧɝɡɚɤɪɨɣɬɟɜɫɚɫɵɜɚɸɳɢɣɲɬɭɰɟɪɡɚɝɥɭɲɤɨɣ
Ɉɬɤɪɨɣɬɟɛɨɤɨɜɵɟɡɚɦɤɢɫɧɢɦɢɬɟɜɟɪɯɧɸɸɱɚɫɬɶ
Ⱥɤɤɭɪɚɬɧɨɫɧɢɦɢɬɟɮɥɚɧɟɰɫɜɫɚɫɵɜɚɸɳɟɝɨɲɬɭɰɟɪɚɢɡɚɤɪɨɣɬɟɟɝɨ
ɍɬɢɥɢɡɢɪɭɣɬɟɫɨɞɟɪɠɢɦɨɟɮɢɥɶɬɪɦɟɲɤɚɜɫɨɨɬɜɟɬɫɬɜɢɢɫɡɚɤɨɧɨɞɚɬɟɥɶɧɵɦɢ
ɧɨɪɦɚɦɢ
ɍɬɢɥɢɡɚɰɢɹɩɨɥɢɷɬɢɥɟɧɨɜɨɝɨɮɢɥɶɬɪɦɟɲɤɚ
ɉɨɥɢɷɬɢɥɟɧɨɜɵɣɮɢɥɶɬɪɦɟɲɨɤɜɤɥɸɱɢɬɟɩɵɥɟɫɨɫɨɱɢɫɬɢɬɟɫɤɥɚɞɱɚɬɵɣ
ɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪȼɵɤɥɸɱɢɬɟɩɵɥɟɫɨɫ
ɇɚɞɟɧɶɬɟɪɟɫɩɢɪɚɬɨɪ
ȼɵɬɚɳɢɬɟɜɫɚɫɵɜɚɸɳɢɣɲɥɚɧɝɡɚɤɪɨɣɬɟɜɫɚɫɵɜɚɸɳɢɣɲɬɭɰɟɪɡɚɝɥɭɲɤɨɣ
Ɉɬɤɪɨɣɬɟɛɨɤɨɜɵɟɡɚɦɤɢɫɧɢɦɢɬɟɜɟɪɯɧɸɸɱɚɫɬɶ
ɉɪɟɠɞɟɱɟɦɫɧɢɦɚɬɶɜɟɪɯɧɸɸɱɚɫɬɶɭɫɬɚɧɨɜɢɬɟɩɟɪɟɤɥɸɱɚɬɟɥɶɜɩɨɡɢɰɢɸ!,5
ɱɬɨɛɵɜɫɨɫɚɬɶɜɨɡɦɨɠɧɭɸɨɫɬɚɜɲɭɸɫɹɤɪɭɩɧɭɸɩɵɥɶ
Ⱥɤɤɭɪɚɬɧɨɡɚɤɪɨɣɬɟɩɨɥɢɷɬɢɥɟɧɨɜɵɣɮɢɥɶɬɪɦɟɲɨɤɡɚɳɢɬɧɨɣɥɟɧɬɨɣɩɪɢɥɚɝɚɟɬɫɹ
ɜɤɨɦɩɥɟɤɬɟ
Ⱥɤɤɭɪɚɬɧɨɫɧɢɦɢɬɟɮɥɚɧɟɰɫɜɫɚɫɵɜɚɸɳɟɝɨɲɬɭɰɟɪɚɢɡɚɤɪɨɣɬɟɟɝɨ
Ⱥɤɤɭɪɚɬɧɨɜɵɧɶɬɟɩɨɥɢɷɬɢɥɟɧɨɜɵɣɮɢɥɶɬɪɦɟɲɨɤɢɡɤɨɧɬɟɣɧɟɪɚ
ɍɬɢɥɢɡɢɪɭɣɬɟɫɨɞɟɪɠɢɦɨɟɦɟɲɤɚɜɫɨɨɬɜɟɬɫɬɜɢɢɫɡɚɤɨɧɨɞɚɬɟɥɶɧɵɦɢɧɨɪɦɚɦɢ

586
Ɂɚɦɟɧɚɛɭɦɚɠɧɨɝɨɦɟɲɤɚ
󱑁
󱐿
󱐽
󱐻
ɍɄȺɁȺɇɂȿȻɭɦɚɠɧɵɣɮɢɥɶɬɪɦɟɲɨɤ
ɢɫɩɨɥɶɡɭɣɬɟɬɨɥɶɤɨɞɥɹɫɭɯɨɣɭɛɨɪɤɢ
ɍɫɬɚɧɨɜɢɬɟɡɚɞɜɢɠɤɭɜɨɜɫɚɫɵɜɚɸɳɟɦ
ɨɬɜɟɪɫɬɢɢɜɜɟɪɬɢɤɚɥɶɧɨɟɩɨɥɨɠɟɧɢɟ󱑁Ÿ
ɉɨɥɧɨɫɬɶɸɫɞɜɢɧɶɬɟɮɥɚɧɟɰɱɟɪɟɡ
ɜɫɚɫɵɜɚɸɳɟɟɨɬɜɟɪɫɬɢɟ
ɉɨɫɬɚɜɶɬɟɧɚɦɟɫɬɨɜɟɪɯɧɸɸɱɚɫɬɶɢ
ɡɚɤɪɨɣɬɟɛɨɤɨɜɵɟɡɚɦɤɢ
ɉɨɫɬɚɜɶɬɟɧɚɦɟɫɬɨɜɟɪɯɧɸɸɱɚɫɬɶɢɡɚɤɪɨɣɬɟɛɨɤɨɜɵɟɡɚɦɤɢ
ɍɄȺɁȺɇɂȿȾɥɹɢɫɩɨɥɶɡɨɜɚɧɢɹɩɨɥɢɷɬɢɥɟɧɨɜɨɝɨɮɢɥɶɬɪɦɟɲɤɚ
ɩɨɞɯɨɞɹɬɬɨɥɶɤɨɩɵɥɟɫɨɫɵɤɥɚɫɫɨɜɆɢɇɢɦɟɸɳɢɟɫɩɟɰɢɚɥɶɧɵɣ
ɤɨɧɬɟɣɧɟɪɢɩɨɜɨɪɨɬɧɭɸɡɚɫɥɨɧɤɭɜɨɜɫɚɫɵɜɚɸɳɟɦɨɬɜɟɪɫɬɢɢɬɢɩɨɜ$&
30
󱑁
󱐿
󱐻
󱐽
ɍɫɬɚɧɨɜɢɬɟɡɚɞɜɢɠɤɭɜɨɜɫɚɫɵɜɚɸɳɟɦ
ɨɬɜɟɪɫɬɢɢɜɜɟɪɬɢɤɚɥɶɧɨɟɩɨɥɨɠɟɧɢɟƔ
ɉɨɥɧɨɫɬɶɸɫɞɜɢɧɶɬɟɮɥɚɧɟɰɱɟɪɟɡ
ɜɫɚɫɵɜɚɸɳɟɟɨɬɜɟɪɫɬɢɟɪɚɡɦɟɫɬɢɬɟ
ɜɟɪɯɧɟɟɨɬɜɟɪɫɬɢɟɦɟɲɤɚɩɨɤɪɚɸ
ɤɨɧɬɟɣɧɟɪɚ
ɉɨɫɬɚɜɶɬɟɧɚɦɟɫɬɨɜɟɪɯɧɸɸɱɚɫɬɶɢ
ɡɚɤɪɨɣɬɟɛɨɤɨɜɵɟɡɚɦɤɢ
%HGLHQXQJGHV'UHKVFKLHEHUV
ɇɚɞɚɜɢɬɟɧɚɡɚɫɥɨɧɤɭɢɡɧɭɬɪɢ󱐻ɩɨɜɟɪɧɢɬɟɧɚ󱐽ɚɡɚɬɟɦɧɚɞɚɜɢɬɟ
ɫɧɚɪɭɠɢ󱑁ɱɟɪɟɡɜɫɚɫɵɜɚɸɳɢɣɲɬɭɰɟɪɱɬɨɛɵɩɨɫɬɚɜɢɬɶɟɟɧɚɦɟɫɬɨ󱐿
ɁȺɆȿɇȺɎɂɅɖɌɊɈȼ
Ɂɚɦɟɧɚɫɤɥɚɞɱɚɬɨɝɨɮɢɥɶɬɪɚ
ɉɟɪɟɞɡɚɦɟɧɨɣɫɤɥɚɞɱɚɬɨɝɨɮɢɥɶɬɪɚɨɱɢɫɬɢɬɟɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪ
ɉɪɢɩɨɦɨɳɢɦɨɧɟɬɵɢɥɢɚɧɚɥɨɝɢɱɧɨɝɨɩɪɟɞɦɟɬɚɩɨɜɟɪɧɢɬɟɡɚɦɨɤɧɚɡɚɞɜɢɠɤɟ
ɧɚɩɪɨɬɢɜɱɚɫɨɜɨɣɫɬɪɟɥɤɢɢɧɚɞɚɜɢɬɟɧɚɡɚɞɜɢɠɤɭ
Ɉɬɤɢɧɶɬɟɤɪɵɲɤɭ
ȼɵɧɭɬɵɣɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪɫɪɚɡɭɠɟɩɨɦɟɫɬɢɬɟɜ
ɩɵɥɟɧɟɩɪɨɧɢɰɚɟɦɵɣɩɥɚɫɬɢɤɨɜɵɣɦɟɲɨɤɢɭɬɢɥɢɡɢɪɭɣɬɟɫɨɝɥɚɫɧɨ
ɡɚɤɨɧɨɞɚɬɟɥɶɧɵɦɧɨɪɦɚɦ
ȼɫɬɚɜɶɬɟɧɨɜɵɣɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪ
ɉɨɞɧɢɦɢɬɟɮɢɤɫɚɬɨɪɵɡɚɞɜɢɠɤɢɨɩɭɫɬɢɬɟɤɪɵɲɤɭɢɥɟɝɤɢɦɧɚɠɚɬɢɟɦ
ɡɚɮɢɤɫɢɪɭɣɬɟɟɟ

Ɂɚɦɟɧɚɮɢɥɶɬɪɚɡɚɳɢɬɵɦɨɬɨɪɚ
ɍɄȺɁȺɇɂȿȿɫɥɢɮɢɥɶɬɪɡɚɳɢɬɵɦɨɬɨɪɚɡɚɝɪɹɡɧɟɧɷɬɨɭɤɚɡɵɜɚɟɬɧɚ
ɩɨɜɪɟɠɞɟɧɧɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪ
Ɂɚɦɟɧɢɬɟɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣɮɢɥɶɬɪ
Ɂɚɦɟɧɢɬɟɮɢɥɶɬɪɡɚɳɢɬɵɦɨɬɨɪɚɢɥɢɩɪɨɦɨɣɬɟɡɚɳɢɬɧɵɣɮɢɥɶɬɪɦɨɬɨɪɚɩɨɞ
ɩɪɨɬɨɱɧɨɣɜɨɞɨɣɜɵɫɭɲɢɬɟɢɩɨɫɬɚɜɶɬɟɧɚɦɟɫɬɨ
ɌȿɏɇɂɑȿɋɄɈȿɈȻɋɅɍɀɂȼȺɇɂȿ
ɍɄȺɁȺɇɂȿɉɟɪɟɞɤɚɠɞɵɦɬɟɯɧɢɱɟɫɤɢɦɨɛɫɥɭɠɢɜɚɧɢɟɦɧɟɨɛɯɨɞɢɦɨ
ɜɵɤɥɸɱɢɬɶɩɵɥɟɫɨɫɢɜɵɬɚɳɢɬɶɜɢɥɤɭɢɡɪɨɡɟɬɤɢ
Ⱦɥɹɬɟɯɧɢɱɟɫɤɨɝɨɨɛɫɥɭɠɢɜɚɧɢɹɩɨɥɶɡɨɜɚɬɟɥɟɦɩɵɥɟɫɨɫɧɟɨɛɯɨɞɢɦɨ
± ɪɚɡɨɛɪɚɬɶ
± ɩɨɱɢɫɬɢɬɶ
± ɉɪɨɜɟɫɬɢɬɟɯɧɢɱɟɫɤɨɟɨɛɫɥɭɠɢɜɚɧɢɟ
ɟɫɥɢɷɬɨɜɨɡɦɨɠɧɨɨɫɭɳɟɫɬɜɢɬɶɧɟɜɵɡɵɜɚɹɨɩɚɫɧɨɫɬɢɞɥɹɨɛɫɥɭɠɢɜɚɸɳɟɝɨ
ɩɟɪɫɨɧɚɥɚɢɢɧɵɯɥɢɰ
Ɇɟɪɵɩɪɟɞɨɫɬɨɪɨɠɧɨɫɬɢ
ɇɚɞɥɟɠɚɳɢɟɦɟɪɵɩɪɟɞɨɫɬɨɪɨɠɧɨɫɬɢɜɤɥɸɱɚɸɬɜɫɟɛɹ
± ɱɢɫɬɤɭɩɟɪɟɞɞɟɦɨɧɬɚɠɟɦ
± ɡɚɛɥɚɝɨɜɪɟɦɟɧɧɭɸɩɨɞɝɨɬɨɜɤɭɩɪɢɧɭɞɢɬɟɥɶɧɨɣɜɟɧɬɢɥɹɰɢɢɜɬɨɦ
ɦɟɫɬɟɝɞɟɛɭɞɟɬɞɟɦɨɧɬɢɪɨɜɚɬɶɫɹɩɵɥɟɫɨɫ
± ɭɛɨɪɤɭɦɟɫɬɚɩɪɨɜɟɞɟɧɢɹɬɟɯɧɢɱɟɫɤɨɝɨɨɛɫɥɭɠɢɜɚɧɢɹɢ
± ɫɨɨɬɜɟɬɫɬɜɭɸɳɢɟɥɢɱɧɵɟɫɪɟɞɫɬɜɚɡɚɳɢɬɵ
ɆɟɪɵɩɪɟɞɨɫɬɨɪɨɠɧɨɫɬɢɞɥɹɩɵɥɟɫɨɫɨɜɤɥɚɫɫɚɇɢɆ
ɉɪɟɠɞɟɱɟɦɡɚɛɪɚɬɶɩɵɥɟɫɨɫɢɡɨɩɚɫɧɨɣɫɪɟɞɵɟɝɨɩɨɜɟɪɯɧɨɫɬɶɧɟɨɛɯɨɞɢɦɨ
ɨɱɢɫɬɢɬɶɜɵɦɵɬɶɢɥɢɨɛɪɚɛɨɬɚɬɶɝɟɪɦɟɬɢɤɨɦȼɫɟɱɚɫɬɢɩɵɥɟɫɨɫɚɞɨɥɠɧɵ
ɪɚɫɫɦɚɬɪɢɜɚɬɶɫɹɤɚɤɡɚɝɪɹɡɧɟɧɧɵɟɇɟɨɛɯɨɞɢɦɨɩɪɟɞɩɪɢɧɹɬɶɫɨɨɬɜɟɬɫɬɜɭɸɳɢɟ
ɦɟɪɨɩɪɢɹɬɢɹɞɥɹɩɪɟɞɨɬɜɪɚɳɟɧɢɹɪɚɫɩɪɨɫɬɪɚɧɟɧɢɹɩɵɥɢ
Ɂɚɝɪɹɡɧɟɧɧɵɟɩɪɟɞɦɟɬɵ
ɉɪɢɩɪɨɜɟɞɟɧɢɢɪɚɛɨɬɩɨɬɟɯɧɢɱɟɫɤɨɦɭɨɛɫɥɭɠɢɜɚɧɢɸɢɥɢɪɟɦɨɧɬɭɜɫɟ
ɡɚɝɪɹɡɧɟɧɧɵɟɩɪɟɞɦɟɬɵɤɨɬɨɪɵɟɧɟɜɨɡɦɨɠɧɨɨɱɢɫɬɢɬɶɞɨɭɞɨɜɥɟɬɜɨɪɢɬɟɥɶɧɨɝɨ
ɫɨɫɬɨɹɧɢɹɞɨɥɠɧɵɛɵɬɶɭɬɢɥɢɡɢɪɨɜɚɧɵɌɚɤɢɟɩɪɟɞɦɟɬɵɞɨɥɠɧɵ
ɭɬɢɥɢɡɢɪɨɜɚɬɶɫɹɜɝɟɪɦɟɬɢɱɧɵɯɦɟɲɤɚɯɜɫɨɨɬɜɟɬɫɬɜɢɢɫɞɟɣɫɬɜɭɸɳɢɦɢɧɨɪɦɚɦɢ
ɩɨɭɬɢɥɢɡɚɰɢɢɬɚɤɢɯɨɬɯɨɞɨɜ
Ɍɟɯɧɢɱɟɫɤɢɣɤɨɧɬɪɨɥɶ
ɉɪɨɢɡɜɨɞɢɬɟɥɶɢɥɢɱɟɥɨɜɟɤɩɪɨɲɟɞɲɢɣɫɩɟɰɢɚɥɶɧɨɟɨɛɭɱɟɧɢɟɞɨɥɠɟɧɧɟɪɟɠɟ
ɨɞɧɨɝɨɪɚɡɚɜɝɨɞɨɫɭɳɟɫɬɜɥɹɬɶɬɟɯɧɢɱɟɫɤɭɸɩɪɨɜɟɪɤɭɫɨɫɬɨɹɳɭɸɧɚɩɪɢɦɟɪ
ɢɡɩɪɨɜɟɪɤɢɮɢɥɶɬɪɨɜɧɚɩɨɜɪɟɠɞɟɧɢɹɩɪɨɜɟɪɤɢɝɟɪɦɟɬɢɱɧɨɫɬɢɩɵɥɟɫɨɫɚɢ
ɩɪɨɜɟɪɤɢɩɪɚɜɢɥɶɧɨɫɬɢɮɭɧɤɰɢɨɧɢɪɨɜɚɧɢɹɤɨɧɬɪɨɥɶɧɵɯɭɫɬɪɨɣɫɬɜ

586
ɉɪɨɜɟɪɤɚɷɮɮɟɤɬɢɜɧɨɫɬɢɩɵɥɟɫɨɫɚ
ɉɊɂɆȿɑȺɇɂȿȾɨɩɨɥɧɢɬɟɥɶɧɨɜɩɵɥɟɫɨɫɚɯɤɥɚɫɫɚɇɧɟɨɛɯɨɞɢɦɨɧɟ
ɪɟɠɟɨɞɧɨɝɨɪɚɡɚɜɝɨɞɩɪɨɜɨɞɢɬɶɩɪɨɜɟɪɤɭɷɮɮɟɤɬɢɜɧɨɫɬɢȼɩɨɦɟɳɟɧɢɢ
ɞɨɥɠɧɚɛɵɬɶɞɨɫɬɚɬɨɱɧɚɹɤɪɚɬɧɨɫɬɶɜɨɡɞɭɯɨɨɛɦɟɧɚ/ɟɫɥɢɨɬɪɚɛɨɬɚɧɧɵɣ
ɜɨɡɞɭɯɜɨɡɜɪɚɳɚɟɬɫɹɜɩɨɦɟɳɟɧɢɟɉɪɨɱɢɟɭɤɚɡɚɧɢɹɫɨɞɟɪɠɚɬɫɹɜȼɚɲɢɯ
ɧɚɰɢɨɧɚɥɶɧɵɯɩɪɟɞɩɢɫɚɧɢɹɯ
ȿɫɥɢɦɨɳɧɨɫɬɶɜɫɚɫɵɜɚɧɢɹɩɵɥɟɫɨɫɚɫɧɢɠɚɟɬɫɹɚɨɱɢɫɬɤɚɫɤɥɚɞɱɚɬɨɝɨ
ɤɚɫɫɟɬɧɨɝɨɮɢɥɶɬɪɚɧɟɭɜɟɥɢɱɢɜɚɟɬɟɟɩɪɢɭɫɥɨɜɢɢɱɬɨɤɨɧɬɟɣɧɟɪɩɭɫɬɚ
ɛɭɦɚɠɧɵɣɦɟɲɨɤɡɚɦɟɧɟɧɬɨɧɟɨɛɯɨɞɢɦɨɡɚɦɟɧɢɬɶɫɤɥɚɞɱɚɬɵɣɤɚɫɫɟɬɧɵɣ
ɮɢɥɶɬɪ
ɈɑɂɋɌɄȺ
ɍɄȺɁȺɇɂȿɄɢɫɥɨɬɵɚɰɟɬɨɧɢɪɚɫɬɜɨɪɢɬɟɥɢɦɨɝɭɬɪɚɡɴɟɫɬɶɱɚɫɬɢ
ɩɵɥɟɫɨɫɚ
ɉɪɨɦɨɣɬɟɤɨɧɬɟɣɧɟɪɢɩɪɢɧɚɞɥɟɠɧɨɫɬɢɜɨɞɨɣ
ɉɪɨɬɪɢɬɟɜɟɪɯɧɸɸɱɚɫɬɶɜɥɚɠɧɨɣɬɪɹɩɤɨɣ
ȼɵɫɭɲɢɬɟɤɨɧɬɟɣɧɟɪɢɩɪɢɧɚɞɥɟɠɧɨɫɬɢ
ɊȿɆɈɇɌ
ɈɉȺɋɇɈɇɟɤɜɚɥɢɮɢɰɢɪɨɜɚɧɧɨɨɬɪɟɦɨɧɬɢɪɨɜɚɧɧɵɣɩɵɥɟɫɨɫ
ɩɪɟɞɫɬɚɜɥɹɟɬɨɩɚɫɧɨɫɬɶɞɥɹɩɨɥɶɡɨɜɚɬɟɥɹ
Ɋɟɦɨɧɬɞɨɥɠɟɧɩɪɨɢɡɜɨɞɢɬɶɫɹɬɨɥɶɤɨɫɩɟɰɢɚɥɢɫɬɚɦɢɧɚɩɪɜɫɟɪɜɢɫɧɵɯ
ɰɟɧɬɪɚɯɂɫɩɨɥɶɡɭɣɬɟɬɨɥɶɤɨɨɪɢɝɢɧɚɥɶɧɵɟɡɚɩɱɚɫɬɢ
ɌɊȺɇɋɉɈɊɌɂɊɈȼɄȺ
ȼɫɬɚɜɶɬɟɫɬɨɩɨɪɡɚɦɤɚɩɵɥɟɫɨɫɚɜɨɜɫɚɫɵɜɚɸɳɟɟɨɬɜɟɪɫɬɢɟ
Ƚɨɥɨɜɚɦɨɬɨɪɚɞɨɥɠɧɚɛɵɬɶɧɚɞɟɠɧɨɫɤɪɟɩɥɟɧɚɫɤɨɧɬɟɣɧɟɪɨɦɡɚɤɪɨɣɬɟ
ɡɚɦɤɢ
ɍɛɟɪɢɬɟɩɪɢɧɚɞɥɟɠɧɨɫɬɢɜɫɨɨɬɜɟɬɫɬɜɭɸɳɢɣɩɥɚɫɬɢɤɨɜɵɣɦɟɲɨɤɢɡɚɤɪɨɣɬɟ
ɟɝɨɢɥɢɭɛɟɪɢɬɟɜɫɩɟɰɢɚɥɶɧɨɟɦɟɫɬɨɞɥɹɯɪɚɧɟɧɢɹɢɧɫɬɪɭɦɟɧɬɨɜ
ɋɨɟɞɢɧɢɬɟɤɨɧɰɵɜɫɚɫɵɜɚɸɳɟɝɨɲɥɚɧɝɚ
ɉɨɥɨɠɢɬɟɲɥɚɧɝɜɨɤɪɭɝɩɵɥɟɫɨɫɚɢɩɪɢɤɪɟɩɢɬɟɤɪɭɤɨɹɬɤɟ

ɋȺɆɈɋɌɈəɌȿɅɖɇɈȿɍɋɌɊȺɇȿɇɂȿɇȿɂɋɉɊȺȼɇɈɋɌȿɃ
Ɉɠɪɩɦɛɟɥɛ Ƚɩɢɧɩɡɨɛɺɪɫɣɲɣɨɛ Ɏɬɭɫɛɨɠɨɣɠ
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ĮȞĮȡȡȩijȘıȘȢȝİIJȠȡȣșȝȚıIJȒĮȡȚșȝȠȪıIJȡȠijȫȞ
ȇȪșȝȚıȘIJȘȢįȚĮȝȑIJȡȠȣIJȠȣİȪ
țĮȝʌIJȠȣıȦȜȒȞĮĮȞĮȡȡȩijȘ
ıȘȢ
ȅȡȓıIJİIJȚȢȝȑȖȚıIJİȢIJȚȝȑȢȣʌȠʌȓİıȘȢȖȚĮIJȘȞĮȣ
IJȩȝĮIJȘįȩȞȘıȘ
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6QQEĮȞȐȜȠȖĮȝİIJȠȝȠȞIJȑȜȠIJȠȣĮȞĮȡȡȠijȘIJȒȡĮıĮȢ
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ǼȃǹȇȄǾȁǼǿȉȅȊȇīǿǹȈ
ǼȞİȡȖȠʌȠȓȘıȘțĮȚĮʌİȞİȡȖȠʌȠȓȘıȘ
ȆȇȅȈȅȋǾȉȠȘȜİțIJȡȚțȩȒIJȠʌȞİȣȝĮIJȚțȩİȡȖĮȜİȓȠʌȡȑʌİȚȞĮİȓȞĮȚ
ĮʌİȞİȡȖȠʌȠȚȘȝȑȞĮțĮIJȐIJȘıȪȞįİıȘIJȘȢıȣıțİȣȒȢıIJȠįȓțIJȣȠ
ǾȣʌȠįȠȤȒȡİȪȝĮIJȠȢIJȠȣĮȞĮȡȡȠijȘIJȒȡĮijȑȡİȚʌȐȞIJĮIJȐıȘİijȩıȠȞIJȠȕȪıȝĮİȓȞĮȚ
ıȣȞįİįİȝȑȞȠĮȞİȟȐȡIJȘIJĮĮʌȩIJȘșȑıȘIJȠȣįȚĮțȩʌIJȘ
ȊȆȅǻǼǿȄǾȈIJȘșȑıȘįȚĮțȩʌIJȘ!ȘȣʌȠįȠȤȒȡİȪȝĮIJȠȢIJȠȣĮȞĮȡȡȠijȘIJȒȡĮ
ȝʌȠȡİȓȞĮȤȡȘıȚȝȠʌȠȚȘșİȓȦȢțĮȜȫįȚȠİʌȑțIJĮıȘȢ
ȉȚȝȒıȪȞįİıȘȢǹȞĮȡȡȠijȘIJȒȡĮȢıȣȞįİįİȝȑȞȘıȣıțİȣȒȑȦȢ$
ǼȚıĮȖȐȖİIJİIJȠȕȪıȝĮıIJȘȞȣʌȠįȠȤȒȡİȪȝĮIJȠȢ
ǹȞĮȡȡȠijȘIJȒȡĮȢİțIJȩȢȜİȚIJȠȣȡȖȓĮȢ
, ȅĮȞĮȡȡȠijȘIJȒȡĮȢİȓȞĮȚİȞİȡȖȠʌȠȚȘȝȑȞȠȢȤȦȡȓȢȜİȚIJȠȣȡȖȓĮįȩȞȘıȘȢ
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ȜİȚIJȠȣȡȖȓĮİIJȠȚȩIJȘIJĮȢȖȚĮIJȘȞĮȣIJȩĮIJȘİȞİȡȖȠʌȠȓȘıȘĮʌİȞİȡȖȠʌȠȓȘıȘȠĮʌȠȡȡȠijȘIJȒ
ȡĮȢĮȞȐȕİȚțĮȚıȕȒȞİȚȑıȦIJȠȣȘȜİțIJȡȚțȠȪİȡȖĮȜİȓȠȣ
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ȂȩȜȚȢșȑıİIJİIJȠİȡȖĮȜİȓȠıİȜİȚIJȠȣȡȖȓĮİȞİȡȖȠʌȠȚİȓIJĮȚĮȣIJȩȝĮIJĮțĮȚȠĮȞĮȡȡȠijȘIJȒ
ȡĮȢ
ȁİȚIJȠȣȡȖȓĮİIJȠȚȩIJȘIJĮȢȩʌȦȢıIJȠȥ$³SOXVĮȣIJȩĮIJȠȢțĮșĮȡȚıȩȢijȓȜIJȡȠȣ
ȂİIJȐIJȘȞĮʌİȞİȡȖȠʌȠȓȘıȘIJȠȣİȡȖĮȜİȓȠȣȠĮȞĮȡȡȠijȘIJȒȡĮȢıȣȞİȤȓȗİȚȞĮȜİȚIJȠȣȡȖİȓȖȚĮ
ʌİȡȓʌȠȣįİȣIJİȡȩȜİʌIJĮȂİIJȠȞIJȡȩʌȠĮȣIJȩĮʌȠIJȡȑʌİIJĮȚȘʌĮȡĮȝȠȞȒȣʌȠȜİȚȝȝȐ
IJȦȞıIJȠȞİȪțĮȝʌIJȠıȦȜȒȞĮ
ĬȑıIJİIJȠįȚĮțȩʌIJȘIJȠȣĮȞĮȡȡȠijȘIJȒȡĮıIJȘșȑıȘ!
ǹijȠȪȠȜȠțȜȘȡȫıİIJİIJȘȞțĮșĮȡȚȩIJȘIJĮĮʌȠıȣȞįȑıİIJİIJȠȕȪıȝĮ
īȚĮIJȘijȪȜĮȟȘIJȠȣıȦȜȒȞĮĮȞĮȡȡȩijȘıȘȢȝİIJȠʌȠșȑIJȘıȒIJȠȣıIJȘȞʌȡȠȕȜİʌȩȝİȞȘ
șȒțȘİȟĮȡIJȘȝȐIJȦȞıIJİȡİȫıIJİIJȠȞıIJȠʌȓıȦIJȠȓȤȦȝĮIJȠȣțȐįȠȣ
ȉĮȐțȡĮIJȠȣİȪțĮȝʌIJȠȣıȦȜȒȞĮȝʌȠȡȠȪȞȞĮIJĮțIJȠʌȠȚȘșȠȪȞIJȠȑȞĮȝȑıĮıIJȠȐȜȜȠ
ȖȚĮȞĮȝȘȞİȚıȤȦȡȒıȠȣȞȡȣʌȠȖȩȞĮıȦȝĮIJȓįȚĮ
ȆȇȅȈȅȋǾǻȚĮțȩʌIJȘȢʌȡȠİʌȚȜȠȖȒȢȖȚĮıȒȝĮİȜȐȤȚıIJȠȣȩȖțȠȣȡİȪȝĮIJȠȢ
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İȪțĮȝʌIJȠȣıȦȜȒȞĮțĮȚȘĮțȩȜȠȣșȘȡȪșȝȚıȘ
ǼıȦIJİȡȚțȒįȚȐȝİIJȡȠȢİȪțĮȝʌIJȠȣıȦȜȒȞĮ ĬȑıȘįȚĮțȩʌIJȘ
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PP PñK
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ǻİȞʌȡĮȖȝĮIJȠʌȠȚİȓIJĮȚȡȪșȝȚıȘIJȠȣĮȡȚșȝȠȪıIJȡȠijȫȞȅĮȞĮȡȡȠijȘIJȒȡĮȢȜİȚIJȠȣȡȖİȓ
ʌȐȞIJĮȝİȝȑȖȚıIJȠĮȡȚșȝȩıIJȡȠijȫȞ
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ȉȇȅȆȅǿȁǼǿȉȅȊȇīǿǹȈ
ȋȡȘıȚȝȠʌȠȚȫȞIJĮȢIJȘȜĮȕȒIJȪʌȠȣıȦȜȒȞĮȝʌȠȡİȓIJİȞĮʌȡȠıĮȡȝȩıİIJİIJȘȞȚıȤȪ
ĮȞĮȡȡȩijȘıȘȢȝİIJȠȞʌȜİȣȡȚțȩĮİȡȠijȡȐțIJȘ
ȈIJİȖȞȒĮȞĮȡȡȩijȘıȘ
ȀĮșĮȡȓıIJİȝȩȞȠȝİıIJİȖȞȩijȓȜIJȡȠĮȞĮȡȡȠijȘIJȒȡĮțĮȚİȟĮȡIJȒȝĮIJĮȖȚĮȞĮȝȘȞ
ıȣȖțȡĮIJȘșİȓȘıțȩȞȘıIJȠİıȦIJİȡȚțȩIJȘȢıȣıțİȣȒȢțĮȚįȘȝȚȠȣȡȖȒıİȚțȡȠȪıIJĮ
ǼȐȞȖȓȞİIJĮȚĮȞĮȡȡȩijȘıȘıțȩȞȘȢĮȚșȐȜȘȢIJıȚȝȑȞIJȠȣȖȪȥȠȣĮȜİȣȡȚȠȪȒʌĮȡȩȝȠȚȠȣ
IJȪʌȠȣıȣȞȚıIJȠȪȝİIJȘȤȡȒıȘȤȐȡIJȚȞȠȣijȚȜIJȡȩıĮțȠȣȋȡȘıȚȝȠʌȠȚİȓIJİIJȠȣȢȤȐȡIJȚȞȠȣȢ
ijȚȜIJȡȩıĮțȠȣȢʌȐȞIJĮıİıȣȞįȣĮıȝȩȝİțĮıȑIJİȢʌIJȣȤȦIJȫȞijȓȜIJȡȦȞ
ȊȖȡȒĮȞĮȡȡȩijȘıȘ
ȆȇȅǼǿǻȅȆȅǿǾȈǾȈİʌİȡȓʌIJȦıȘİțȡȠȒȢĮijȡȠȪȒȣȖȡȠȪșȑıIJİĮȝȑıȦȢIJȠȞ
ĮȞĮȡȡȠijȘIJȒȡĮİțIJȩȢȜİȚIJȠȣȡȖȓĮȢ
ǼțțİȞȫıIJİIJȠȞțȐįȠțĮȚĮȞȤȡİȚȐȗİIJĮȚIJȘȞțĮıȑIJĮʌIJȣȤȦIJȠȪijȓȜIJȡȠȣ
ȊȆȅǻǼǿȄǾıIJȐșȝȘȢȞİȡȠȪțĮȚİȜȑȖȤİIJİȖȚĮİȞįİȓȟİȚȢȕȜȐȕȘȢ
ǼțIJİȜİȓIJİİȡȖĮıȓİȢțĮșĮȡȚȩIJȘIJĮȢȤȦȡȓȢȤȐȡIJȚȞȠijȚȜIJȡȩıĮțȠ
ȅȚțĮıȑIJİȢʌIJȣȤȦIJȫȞijȓȜIJȡȦȞİȞįİȓțȞȣȞIJĮȚȖȚĮIJȘȞȣȖȡȒĮȞĮȡȡȩijȘıȘ
ȅİȞıȦȝĮIJȦȝȑȞȠȢĮȚıșȘIJȒȡĮȢșȑIJİȚIJȠȝȠIJȑȡİțIJȩȢȜİȚIJȠȣȡȖȓĮȢȩIJĮȞȖİȝȓıİȚȠțȐįȠȢȅ
ȤİȚȡȚıȝȩȢIJȠȣĮȞĮȡȡȠijȘIJȒȡĮįȣıȤİȡĮȓȞİIJĮȚȩIJĮȞȠțȐįȠȢİȓȞĮȚȖİȝȐIJȠȢ
ǹįİȚȐıIJİIJȠȞĮȞĮȡȡȠijȘIJȒȡĮ
ȆȇȅǼǿǻȅȆȅǿǾȈǾǼȐȞȠĮȞĮȡȡȠijȘIJȒȡĮȢįİȞIJİșİȓİțIJȩȢȜİȚIJȠȣȡȖȓĮȢʌĮȡĮȝȑȞİȚ
İȞİȡȖȒȘʌȡȠıIJĮıȓĮİʌĮȞİțțȓȞȘıȘȢȂȩȞȠȝİIJȐIJȘȞĮʌİȞİȡȖȠʌȠȓȘıȘțĮȚȞȑĮ
İȞİȡȖȠʌȠȓȘıȒIJȠȣȠĮȞĮȡȡȠijȘIJȒȡĮȢșĮİȓȞĮȚȑIJȠȚȝȠȢȖȚĮȜİȚIJȠȣȡȖȓĮ
9ȆȡȚȞIJȘȞİțțȑȞȦıȘĮijĮȚȡȑıIJİʌȡȫIJĮIJȠȞİȪțĮȝʌIJȠıȦȜȒȞĮĮȞĮȡȡȩijȘıȘȢĮʌȩIJȠȣȖȡȩ
ǼȐȞȘȚıȤȪȢĮȞĮȡȡȩijȘıȘȢİȓȞĮȚʌȠȜȪȝİȖȐȜȘțĮȚIJȠıȤȒȝĮIJȠȣțȐįȠȣįİȞİȣȞȠİȓIJȘȡȠȒ
ȝʌȠȡİȓȝİIJȐIJȘȞĮʌİȞİȡȖȠʌȠȓȘıȘȞĮİțȡİȪıİȚȞİȡȩĮʌȩIJȠȞİȪțĮȝʌIJȠıȦȜȒȞĮ
īȚĮȞĮıȣȞİȤȓıİIJİIJȘȜİȚIJȠȣȡȖȓĮȝİıIJİȖȞȒĮȞĮȡȡȩijȘıȘIJȠʌȠșİIJȒıIJİIJȠȟȘȡȩijȓȜIJȡȠ
ȊȆȅǻǼǿȄǾȈİʌİȡȓʌIJȦıȘıȣȤȞȒȢİȞĮȜȜĮȖȒȢȝİIJĮȟȪıIJİȖȞȒȢțĮȚȣȖȡȒȢ
ĮȞĮȡȡȩijȘıȘȢıȣȞȚıIJȠȪȝİIJȘȞIJȠʌȠșȑIJȘıȘįİȪIJİȡȠȣıİIJijȓȜIJȡȦȞțĮIJȐ
ʌȡȠIJȓȝȘıȘțĮıİIJȫȞʌIJȣȤȦIJȫȞijȓȜIJȡȦȞĮʌȩʌȠȜȣİıIJȑȡĮ
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įȩȞȘıȘĮʌȩIJȚȢțĮıȑIJİȢʌIJȣȤȦIJȫȞijȓȜIJȡȦȞ
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± ȞĮțĮșĮȡȓȗİIJĮȚțĮȚ
± ȞĮıȣȞIJȘȡİȓIJĮȚ
ıIJȠʌȜĮȓıȚȠIJȠȣİijȚțIJȠȪȤȦȡȓȢȞĮʌȡȠțȜȘșİȓțĮIJȐIJȘįȚĮįȚțĮıȓĮĮȣIJȒțȓȞįȣȞȠȢȖȚĮ
IJȠʌȡȠıȦʌȚțȩıȣȞIJȒȡȘıȘȢȒȐȜȜĮȐIJȠȝĮ
ȂȑIJȡĮʌȡȠıIJĮıȓĮȢ
ȉĮİȞįİįİȚȖȝȑȞĮȝȑIJȡĮʌȡȠıIJĮıȓĮȢʌİȡȚȜĮȝȕȐȞȠȣȞ
± țĮșĮȡȚıȝȩʌȡȚȞIJȘȞĮʌȠıȣȞĮȡȝȠȜȩȖȘıȘ
± ȜȒȥȘȝȑȡȚȝȞĮȢȖȚĮIJȠȞİȟĮȞĮȖțĮıȝȑȞȠİȟĮİȡȚıȝȩȝİȤȡȒıȘijȓȜIJȡȦȞ
ʌȠȣİijĮȡȝȩȗİIJĮȚıIJȠȤȫȡȠʌȠȣșĮȖȓȞİȚĮʌȠıȣȞĮȡȝȠȜȩȖȘıȘIJȠȣ
ĮȞĮȡȡȠijȘIJȒȡĮ
± țĮșĮȡȚıȝȩIJȘȢȤȫȡȠȣʌȠȣșĮįȚİȟĮȤșİȓȘıȣȞIJȒȡȘıȘțĮȚ
± țĮIJȐȜȜȘȜȠİȟȠʌȜȚıȝȩʌȡȠıIJĮıȓĮȢȖȚĮIJȠʌȡȠıȦʌȚțȩ
ȂȑIJȡĮʌȡȠıIJĮıȓĮȢȖȚĮĮȞĮȡȡȠijȘIJȒȡİȢIJȦȞțĮIJȘȖȠȡȚȫȞ+țĮȚ0
ȉȠİȟȦIJİȡȚțȩIJȠȣĮȞĮȡȡȠijȘIJȒȡĮʌȡȑʌİȚȞĮțĮșĮȡȚıIJİȓȝİȘȜİțIJȡȚțȒıțȠȪʌĮțĮȚ
ȞĮıțȠȣʌȚıIJİȓȝİʌĮȞȓȒȞĮȤȡȘıȚȝȠʌȠȚȘșȠȪȞȝȑıĮıIJİȖĮȞȠʌȠȓȘıȘȢʌȡȚȞĮʌȩIJȘȞ
ĮʌȠȝȐțȡȣȞıȘĮʌȩIJȘȞʌİȡȚȠȤȒțȚȞįȪȞȠȣǵȜĮIJĮİȟĮȡIJȒȝĮIJĮIJȠȣĮȞĮȡȡȠijȘIJȒȡĮ
ʌȡȑʌİȚȞĮșİȦȡȠȪȞIJĮȚȕȡȫȝȚțĮȩIJĮȞĮʌȠȝĮțȡȪȞȠȞIJĮȚĮʌȩIJȘȞʌİȡȚȠȤȒțȚȞįȪȞȠȣ
țĮȚʌȡȑʌİȚȞĮȖȓȞȠȞIJĮȚȠȚțĮIJȐȜȜȘȜİȢİȞȑȡȖİȚİȢȖȚĮȞĮĮʌȠIJȡĮʌİȓȠįȚĮıțȠȡʌȚıȝȩȢ
IJȘȢıțȩȞȘȢ
ǺȡȫȝȚțĮĮȞIJȚțİȓȝİȞĮ
ȀĮIJȐIJȘįȚİȟĮȖȦȖȒIJȦȞİȡȖĮıȚȫȞıȣȞIJȒȡȘıȘȢțĮȚİʌȚıțİȣȒȢʌȡȑʌİȚȩȜĮIJĮȕȡȫȝȚțĮ
ĮȞIJȚțİȓȝİȞĮʌȠȣįİȞİȓȞĮȚįȣȞĮIJȩȞȞĮțĮșĮȡȚıIJȠȪȞıİȚțĮȞȠʌȠȚȘIJȚțȩȕĮșȝȩȞĮ
ĮʌȠȡȡȚijșȠȪȞȉȑIJȠȚȠȣİȓįȠȣȢĮȞIJȚțİȓȝİȞĮʌȡȑʌİȚȞĮIJȠʌȠșİIJȠȪȞIJĮȚıİĮįȚĮʌȑȡĮıIJȘ
ıȣıțİȣĮıȓĮıȪȝijȦȞĮȝİIJȠȣȢȚıȤȪȠȞIJİȢțĮȞȠȞȚıȝȠȪȢȖȚĮIJȘȞĮʌȠȝȐțȡȣȞıȘ
ĮȞȐȜȠȖȦȞĮʌȠȡȡȚȝȝȐIJȦȞ
ȉİȤȞȚțȩȢȑȜİȖȤȠȢ
ȅțĮIJĮıțİȣĮıIJȒȢȒȑȞĮİțʌĮȚįİȣȝȑȞȠȖȚĮIJȠıțȠʌȩĮȣIJȩȐIJȠȝȠʌȡȑʌİȚȞĮįȚİȞİȡȖİȓ
İIJȘıȓȦȢȑȞĮȞIJİȤȞȚțȩȑȜİȖȤȠʌȠȣʌİȡȚȜĮȝȕȐȞİȚȖȚĮʌĮȡȐįİȚȖȝĮIJȠȞȑȜİȖȤȠIJȦȞ
ijȓȜIJȡȦȞȦȢʌȡȠȢIJȘȞȪʌĮȡȟȘijșȠȡȫȞțĮșȫȢțĮȚȑȜİȖȤȠIJȘȢĮİȡȠıIJİȖĮȞȩIJȘIJĮȢIJȠȣ
ĮȞĮȡȡȠijȘIJȒȡĮțĮȚIJȘȢıȦıIJȒȢȜİȚIJȠȣȡȖȓĮȢIJȘȢįȚȐIJĮȟȘȢİȜȑȖȤȠȣ
DzȜİȖȤȠȢĮʌȠįȠIJȚțȩIJȘIJĮȢIJȠȣĮȞĮȡȡȠijȘIJȒȡĮ
ȆǹȇǹȉǾȇǾȈǾȈIJȠȣȢĮȞĮȡȡȠijȘIJȒȡİȢIJȘȢțĮIJȘȖȠȡȓĮȢ+ʌȡȑʌİȚȞĮİȜȑȖȤİIJĮȚțĮȚȘ
ĮʌȠįȠIJȚțȩIJȘIJĮIJȠȣȜȐȤȚıIJȠȞȝȓĮijȠȡȐIJȠȤȡȩȞȠ
ȆȡȑʌİȚȞĮȣʌȐȡȤİȚıIJȠȤȫȡȠȑȞĮȢİʌĮȡțȒȢȡȣșȝȩȢĮȞĮȞȑȦıȘȢĮȑȡĮ/ȩIJĮȞ
ȠĮʌȠȕĮȜȜȩȝİȞȠȢĮȑȡĮȢİʌȚıIJȡȑijİȚıIJȠȤȫȡȠįȚİȟĮȖȦȖȒȢIJȦȞİȡȖĮıȚȫȞīȚĮ
ʌİȡȚııȩIJİȡİȢȣʌȠįİȓȟİȚȢıȤİIJȚțȐĮȞĮIJȡȑȟIJİıIJȠȣȢțĮȞȠȞȚıȝȠȪȢIJȘȢȤȫȡĮȢıĮȢ
ǹȞȘȚıȤȪȢĮȞĮȡȡȩijȘıȘȢIJȠȣĮȞĮȡȡȠijȘIJȒȡĮȝİȚȫȞİIJĮȚțĮȚįİȞĮȣȟȐȞİIJĮȚȠȪIJİ
ȝİIJȠȞțĮșĮȡȚıȝȩIJȦȞțĮıİIJȫȞʌIJȣȤȦIJȫȞijȓȜIJȡȦȞȣʌȩIJȘȞʌȡȠȨʌȩșİıȘȩIJȚȠ
țȐįȠȢİțțİȞȫșȘțİțĮȚȠȤȐȡIJȚȞȠȢijȚȜIJȡȩıĮțȠȢĮȞIJȚțĮIJĮıIJȐșȘțİIJȩIJİĮʌĮȚIJİȓIJĮȚ
ĮȞIJȚțĮIJȐıIJĮıȘIJȦȞțĮıİIJȫȞʌIJȣȤȦIJȫȞijȓȜIJȡȦȞ
ȀǹĬǹȇǿȈȂȅȈ
ȊȆȅǻǼǿȄǾȅȟȑĮĮıİIJȩȞțĮȚįȚĮȜȣIJȚțȐȝȑıĮȝʌȠȡİȓȞĮʌȡȠțĮȜȑıȠȣȞįȚȐȕȡȦıȘ
ıIJĮİȟĮȡIJȒȝĮIJĮIJȘȢıȣıțİȣȒȢ
ȀĮșĮȡȓıIJİIJȠȞțȐįȠțĮȚIJĮİȟĮȡIJȒȝĮIJĮȝİȞİȡȩ
ȀĮșĮȡȓıIJİIJȠȐȞȦIJȝȒȝĮIJȘȢıȣıțİȣȒȢȝİȑȞĮȕȡİȖȝȑȞȠʌĮȞȓ
ǹijȒıIJİIJȠȞțȐįȠțĮȚIJĮİȟĮȡIJȒȝĮIJĮȞĮıIJİȖȞȫıȠȣȞ
ǼȆǿȈȀǼȊǾ
ȀǿȃǻȊȃȅȈȅȚĮȞĮȡȡȠijȘIJȒȡİȢʌȠȣįİȞȑȤȠȣȞİʌȚıțİȣĮıIJİȓĮʌȩİȟİȚįȚțİȣȝȑȞȠ
ʌȡȠıȦʌȚțȩĮʌȠIJİȜȠȪȞțȓȞįȣȞȠȖȚĮIJȠȤȡȒıIJȘ
ȅȚİʌȚıțİȣȑȢʌȡȑʌİȚȞĮįȚİȟȐȖȠȞIJĮȚȝȩȞȠĮʌȩİȟİȚįȚțİȣȝȑȞȠʌȡȠıȦʌȚțȩʌȤIJȘȞ
ȣʌȘȡİıȓĮİȟȣʌȘȡȑIJȘıȘȢʌİȜĮIJȫȞȋȡȘıȚȝȠʌȠȚİȓIJİȝȩȞȠȖȞȒıȚĮĮȞIJĮȜȜĮțIJȚțȐ
ȂǼȉǹĭȅȇǹ
ȉȠʌȠșİIJȒıIJİIJȠʌȫȝĮĮıijĮȜİȓĮȢIJȠȣĮȞĮȡȡȠijȘIJȒȡĮıIJȘȞȠʌȒĮȞĮȡȡȩijȘıȘȢ
ǾțİijĮȜȒIJȠȣȝȠIJȑȡʌȡȑʌİȚȞĮİȓȞĮȚıIJĮșİȡȐıȣȞįİįİȝȑȞȘȝİIJȠȞțȐįȠțȜİȓıIJİIJȚȢ
ĮıijȐȜİȚİȢ
ȉȠʌȠșİIJȒıIJİIJĮİȟĮȡIJȒȝĮIJĮıİțĮIJȐȜȜȘȜȠȣȢʌȜĮıIJȚțȠȪȢıȐțȠȣȢțĮȚıijȡĮȖȓıIJİIJȠȣȢȒ
IJȠʌȠșİIJȒıIJİIJĮıIJȘșȒțȘĮʌȠșȒțİȣıȘȢİȡȖĮȜİȓȦȞ
ȉȠʌȠșİIJȒıIJİIJĮȐțȡĮIJȠȣİȪțĮȝʌIJȠȣıȦȜȒȞĮIJȠȑȞĮȝȑıĮıIJȠȐȜȜȠ
ȉȣȜȓȟIJİIJȠȞİȪțĮȝʌIJȠıȦȜȒȞĮȖȪȡȦĮʌȩIJȠȞĮȞĮȡȡȠijȘIJȒȡĮțĮȚıijȘȞȫıIJİIJȠȞıIJȘȜĮȕȒ

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ǹȊȉȅǺȅǾĬǼǿǹȈǼȆǼȇǿȆȉȍȈǾǺȁǹǺǾȈ
ǻȝȑȖș ȇțȚįȟȓįțijȔį ǺȟijțȞıijȬʍțIJș
ȂİȓȦıȘIJȘȢȚıȤȪȠȢĮȞĮȡȡȩijȘ
ıȘȢ
ǺȡȫȝȚțȠijȓȜIJȡȠ
ȋȐȡIJȚȞȠijȓȜIJȡȠʌȜȒȡİȢ
ȀȐįȠȢʌȜȒȡȘȢ
ǹʌȩijȡĮȟȘĮțȡȠijȣıȓȠȣıȦȜȒȞĮ
ȒİȪțĮȝʌIJȠȣıȦȜȒȞĮ
ȀĮșĮȡȚıȝȩȢ
ǹȞIJȚțĮIJȐıIJĮıȘ
ǼțțȑȞȦıȘ
ȀĮșĮȡȚıȝȩȢ
ȅĮȞĮȡȡȠijȘIJȒȡĮȢįİȞȟİțȚȞȐİȚ
ǺȐȜĮIJİIJȠȕȪıȝĮıIJȘȞȣʌȠįȠȤȒ
ȡİȪȝĮIJȠȢ
ȂȒʌȦȢIJȠįȓțIJȣȠįİȞijȑȡİȚIJȐıȘ
ȉȠțĮȜȫįȚȠįȚțIJȪȠȣİȓȞĮȚİȞIJȐȟİȚ
DzȤİIJİțȜİȓıİȚıȦıIJȐIJȠțĮʌȐțȚ
DzȤİIJİĮʌİȞİȡȖȠʌȠȚȒıİȚIJȠȞĮȚ
ıșȘIJȒȡĮȞİȡȠȪ
ǼȓȞĮȚȠĮȞĮȡȡȠijȘIJȒȡĮȢȡȣșȝȚ
ıȝȑȞȠȢıIJȘȜİȚIJȠȣȡȖȓĮİIJȠȚȝȩIJȘ
IJĮȢ©$5ª
ȇȣșȝȓıIJİIJȠįȚĮțȩʌIJȘıIJȘșȑıȘ
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ȅĮȞĮȡȡȠijȘIJȒȡĮȢįİȞȟİțȚȞȐ
İȚȝİIJȘȞİȞİȡȖȠʌȠȓȘıȘIJȠȣİȡ
ȖĮȜİȓȠȣıIJȠȞIJȡȩʌȠȜİȚIJȠȣȡȖȓ
ĮȢ!$&
ǺȡȓıțİIJĮȚIJȠȕȪıȝĮIJȠȣİȡȖĮȜİȓ
ȠȣıIJȘȞȣʌȠįȠȤȒIJȘȢıȣıțİȣȒȢ
ǼȓȞĮȚȕȡȫȝȚțȘȘȝĮȖȞȘIJȚțȒȕĮȜ
ȕȓįĮIJȠȣĮȣIJȩȝĮIJȠȣıȣıIJȒȝĮ
IJȠȢİȞİȡȖȠʌȠȓȘıȘȢʌİʌȚİıȝȑ
ȞȠȣĮȑȡĮ
ǼȚıĮȖȐȖİIJİIJȠȕȪıȝĮıIJȘȞȣʌȠ
įȠȤȒIJȘȢȘȜİțIJȡȚțȒȢıțȠȪʌĮȢ
ȄİʌȜȪȞİIJİIJȠĮȣIJȩȝĮIJȠıȪıIJȘ
ȝĮİȞİȡȖȠʌȠȓȘıȘȢʌİʌȚİıȝȑȞȠȣ
ĮȑȡĮȝİȠȚȞȩʌȞİȣȝĮ
īȓȞİIJĮȚĮȞĮȡȡȩijȘıȘIJȠȣıȐ
țȠȣĮʌȩȡȡȚȥȘȢʌȠȜȣİıIJȑȡĮıIJȠ
ijȓȜIJȡȠ
ȁȐșȠȢșȑıȘIJȠȣʌİȡȚıIJȡİijȩȝİ
ȞȠȣıȪȡIJȘ
ĬȑıIJİIJȠȞʌİȡȚıIJȡİijȩȝİȞȠıȪȡ
IJȘıIJȘșȑıȘ󱑁Ɣ
ǹȞĮȡȡȠijȘIJȒȡİȢIJȘȢțĮIJȘȖȠȡȓĮȢ
0Ȓ+ȝİȤȐȡIJȚȞȠijȓȜIJȡȠıțȩȞȘȢ
IJȠʌȠșİIJȘȝȑȞȠıIJȠȞțȐįȠ
ȁȐșȠȢșȑıȘIJȠȣʌİȡȚıIJȡİijȩȝİ
ȞȠȣıȪȡIJȘ
ĬȑıIJİIJȠȞʌİȡȚıIJȡİijȩȝİȞȠıȪȡ
IJȘıIJȘșȑıȘ󱑁Ÿ
ȂȘȞțȐȞİIJİȐȜȜİȢİʌİȝȕȐıİȚȢıIJȘıȣıțİȣȒĮȜȜȐĮʌİȣșȣȞșİȓIJİıIJȠıȣȞİȡȖİȓȠİȟȣʌȘȡȑIJȘıȘȢ
ʌİȜĮIJȫȞ

ΔϴϨϔϟ΍ΕΎϧΎϴΒϟ΍
ΓέΪϘϤϟ΍ΔϗΎτϟ΍
ρ΍ϭ
ΔϗΎρϰμϗ΃
ρ΍ϭ
ΔϴτϠϔϟ΍
aΖϟϮϓ
έΎϴΘϟ΍ήϴΒϣ΃
ΩΩήΘϟ΍
ΰΗήϫ
ΔΣϭήϤϟ΍ϲϓ˯΍ϮϬϟ΍ϖϓΪΗ
Ιϝ
ΔΣϭήϤϟ΍ϲϓϲδϜόϟ΍ςϐπϟ΍
ϝΎϜγΎΑϮΘϜϴϫ
ωΎϔΗέϻ΍îνήόϟ΍îϝϮτϟ΍ΩΎόΑϷ΍îîήΘϤϴϠϠϣ
ϞΑΎϜϟ΍ήΘϣ
βΒϘϣϊϣΔϴ΋ΎΑήϬϜϟ΍βϧΎϜϤϟ΍ϲϓϞϴλϮΗςΧ
ϞϴλϮΘϟ΍
+55)*
˯ΎοϮπϟ΍ϯϮΘδϣ
΃ϞΒϴδϳΩ
ΕΎϘϓ΍ϮϤϟ΍ϭΕ΍έΎΒΘΧϻ΍
Ύ˱ϘΒρϭ%*9$ΙΩ΍ϮΤϟ΍ϊϨϤΑΔϴϨόϤϟ΍΢΋΍ϮϠϟΎ˱ϘΒρΔϴ΋ΎΑήϬϜϟ΍ΔϴϨϔϟ΍Ε΍έΎΒΘΧϻ΍˯΍ήΟ·ΐΠϳ
',1ήϴϳΎόϤϟΎ˱ϘΒρΔΑϮϠτϣΕ΍έΎΒΘΧϻ΍ϩάϫϭϲϧΎΜϟ΍ϭϝϭϷ΍Ϧϳ΃ΰΠϟ΍',19'(ήϴϳΎόϤϟ
ΕϼϳΪόΘϟ΍ϭ΃ΔϧΎϴμϟ΍ϝΎϤϋ΃ΪόΑϭΔϤψΘϨϣΔϴϨϣίΕ΍ήΘϓϰϠϋ9'(
Δϛήθϟ΍Δτγ΍ϮΑϞϗϷ΍ϰϠϋϡΎϋϞϛΓΪΣ΍ϭΓήϣΔΑήΗϷ΍ϦϋΎ˱ϔθϛϲϨϘΗκΤϓ˯΍ήΟ·ΐΠϳ
˯ϼΘϣ΍ϭ΃΢ηήϤϟ΍ϲϓϒϠΗϱ΃ϑΎθΘϛϻϝΎΜϤϟ΍ϞϴΒγϰϠϋˬϞϫΆϣκΨηϭ΃Δό˷ϨμϤϟ΍
ΔΒϗ΍ήϤϟ΍ίΎϬΟΔϔϴυϭκΤϓϭ΃ΔΑήΗϷΎΑΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
ϖϓ΍ϮΘϣ$&3ϭ$&ί΍ήρ7\S6SLWΞΘϨϣϥ΃ΔλΎΨϟ΍ΎϨΘϴϟϮΌδϣϰϠϋΪϬόΘϧ
ϪΗϼϳΪόΗϭ((&ϢϗέϪϴΟϮΘϟ΍ΔϴϔϳήόΘϟ΍ήϴϳΎόϤϟ΍ϭϲΑϭέϭϷ΍ΩΎΤΗϻ΍ΕΎϬϴΟϮΗϊϣ
ϖϓ΍ϮΘϟ΍ϥ΄θΑϪΗϼϳΪόΗϭ(1ϢϗέϪϴΟϮΘϟ΍ˬΔπϔΨϨϤϟ΍ΔϴτϟϮϔϟ΍ϥ΄θΑ
ϲδϴρΎϨϐϣϭήϬϜϟ΍
ΕέΎϧήϴΑϦϴΑϭέ ϚϴΑϥΎϓϝϮΑ
ΝΎΘϧϹ΍ήϳΪϣ ϝΎϤϋϷ΍ήϳΪϣ
,7:+HJHU
,QGXVWULHSDUN
&DUGLMQODDQ
%'LNVPXLGH
%HOJLHQ

ϡ΍ΪΨΘγϻ΍ϞΒϗ
ϞϘϨϟ΍ϦϋΞΗΎϧϒϠΗΪΟϮϳϻϭϞϣΎϛίΎϬΠϟ΍ϥ΃ϦϣϖϘΤΗˬΓϮΒόϟ΍΢ΘϓΪϨϋ
ϡίϼϟ΍ΐϳέΪΘϟ΍ϭΕΎϤϴϠόΘϟ΍ϭΕΎϣϮϠόϤϟ΍ϰϠϋϥϮϠϐθϤϟ΍ϞμΤϳϥ΃ΐΠϳˬϡ΍ΪΨΘγϻ΍ϞΒϗ
ΔϨϣϵ΍Ε΍˯΍ήΟϹ΍ϚϟΫϲϓΎϤΑˬΎϬόϣϡΪΨΘδΘγϲΘϟ΍Ω΍ϮϤϟ΍ϭΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϡ΍ΪΨΘγϻ
ΎϬόϴϤΠΗϭΩ΍ϮϤϟ΍Δϟ΍ίϹ
ϞϴϐθΘϟ΍ήλΎϨϋϭΕ΍ήηΆϤϟ΍
ΔϴϟΎΘϟ΍Ε΍Ω΍ΪϋϹ΍ϭϒ΋ΎυϮϟ΍ϦϣέΎϴΘΧϻ΍ϚϨϜϤϳ
ϊοϭϲϓΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
ϞϴϐθΘϟ΍ϑΎϘϳ·
ϲΑήϬϜϟ΍έΎϴΘϟΎΑϞμΘϣϞϴλϮΘϟ΍βΒϘϣ
,
ΪϴϗΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
ϞϴϐθΘϟ΍
ϲΑήϬϜϟ΍έΎϴΘϟΎΑϞμΘϣϞϴλϮΘϟ΍βΒϘϣ
ΔϔϗϮΘϣϲ΋ΎϘϠΘϟ΍ί΍ΰΘϫϻ΍Δϔϴυϭ
$ϞϴϐθΘϠϟΩ΍ΪόΘγ΍
ϲΑήϬϜϟ΍έΎϴΘϟΎΑϞμΘϣϞϴλϮΘϟ΍βΒϘϣ
ΔϔϗϮΘϣϲ΋ΎϘϠΘϟ΍ί΍ΰΘϫϻ΍Δϔϴυϭ
$&
ϞϴϐθΘϠϟΩ΍ΪόΘγ΍
ϲ΋ΎϘϠΘϟ΍ί΍ΰΘϫϻ΍Δϔϴυϭ
ϲΑήϬϜϟ΍έΎϴΘϟΎΑϞμΘϣϞϴλϮΘϟ΍βΒϘϣ
ϞϴϐθΘϟ΍Ϊϴϗϲ΋ΎϘϠΘϟ΍ί΍ΰΘϫϻ΍Δϔϴυϭ
ϦϋΎϬϠϴϐθΗϑΎϘϳ·ϭΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϢΘϳ
ϲϓΔϠλϮϤϟ΍ρϮϐπϤϟ΍˯΍ϮϬϟ΍Δϴ΋ΎΑήϬϜϟ΍Γ΍ΩϷ΍ϖϳήρ
ϞϴλϮΘϟ΍βΒϘϣ
ϲ΋ΎϘϠΘϟ΍ί΍ΰΘϫϻ΍Δϔϴυϭ
ϥΎΘϘϴϗΩ˭ϲ΋ΎϘϠΘϟ΍ί΍ΰΘϫϻ΍ΔϔϴυϭϞϴϐθΗ
˯ϼΘϣϻ΍ϯϮΘδϣήηΆϣ
ϡϮρήΧϲϓΩ΍Ϊδϧ΍ΩϮΟϭϭ΃ϭΔϳϭΎΤϟ΍˯ϼΘϣ΍ΪϨϋ
βϧΎϜϤϟ΍ϲϓϝΎϤΘϛϻ΍ήηΆϣ˯ϲπϳˬςϔθϟ΍
Ύ˱πϳ΃ΔϴΗϮλΓέΎη·έΪμΗϭˬ+ϭ0Δϴ΋ΎΑήϬϜϟ΍
Δϋήδϟ΍ϢϴψϨΗ
Δϋήδϟ΍ϢψϨϣϡ΍ΪΨΘγΎΑςϔθϟ΍˯΍Ω΃ϢϴψϨΗϦϜϤϳ
ςϔθϟ΍ϡϮρήΧήτϗςΒο
ί΍ΰΘϫϼϟϲΒϠδϟ΍ςϐπϠϟϰμϗϷ΍ΪΤϟ΍ΪϳΪΤΗ
ϲ΋ΎϘϠΘϟ΍
ϚΑΔλΎΨϟ΍Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ΓΰϬΟ΃ϑϼΘΧϻΎ˱όΒΗ

ϞϴϐθΘϠϟΩ΍ΪϋϹ΍
ϞϴϐθΘϟ΍ϑΎϘϳ·ϭϞϴϐθΘϟ΍
ϥϮϜΗΎϣΪϨϋρϮϐπϤϟ΍˯΍ϮϬϟ΍Ε΍ϭΩ΃ϭΔϴ΋ΎΑήϬϜϟ΍Ε΍ϭΩϷ΍ϞϴϐθΗϑΎϘϳ·ΐΠϳϪϴΒϨΗ
˯ΎΑήϬϜϟΎΑΔϠλϮϣ
ϞϴλϮΗΪϨϋΎ˱Ϥ΋΍Ω˯ΎΑήϬϜϟΎΑ
˱
ϼμΘϣΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϲϓΩϮΟϮϤϟ΍ϞϴλϮΘϟ΍βΒϘϣϥϮϜϴγ
ΡΎΘϔϤϟ΍ϊοϮϣϦϋήψϨϟ΍ϑήμΑˬϲΑήϬϜϟ΍έΎϴΘϟ΍βΒϘϣ
ϲϓΩϮΟϮϤϟ΍ϞϴλϮΘϟ΍βΒϘϣϡ΍ΪΨΘγ΍ϦϜϤϳˬ!ϊοϮϟ΍ϲϓΡΎΘϔϤϟ΍ϥΎϛ΍Ϋ·ΔψΣϼϣ
ΪϳΪϤΗΔϠλϮϛΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
ϰμϗ΃ΪΤΑ΍˱ήϴΒϣ΃ˬΔϠ˴λϮϤϟ΍ΓΪΣϮϟ΍Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴλϮΘϟ΍ΔϤϴϗ
έΎϴΘϟ΍άΧ΄ϣϲϓβΑΎϘϟ΍ϝΎΧΩ·
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϑΎϘϳ·
,
ί΍ΰΘϫϻ΍ΔϔϴυϭϥϭΪΑΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗ
$
Ω΍ΪόΘγϻ΍ϊοϭϲϓΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
ί΍ΰΘϫϻ΍ΔϔϴυϭϥϭΪΑΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗ
ϲ΋ΎϘϠΘϟ΍ϞϴϐθΘϟ΍ϑΎϘϳ·ϞϴϐθΘϟ΍ϊοϮϟΩ΍ΪόΘγϻ΍ϊοϭ
Δϴ΋ΎΑήϬϜϟ΍Γ΍ΩϷ΍Δτγ΍ϮΑςϔθϟ΍ΓΪΣϭϞϴϐθΗϑΎϘϳ·ϞϴϐθΗϢΘϳ
$&
Ω΍ΪόΘγϻ΍ϊοϭϲϓΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
΢ηήϤϠϟϲ΋ΎϘϠΘϟ΍ϒϴψϨΘϟ΍ϊϣ$ϞΜϣΩ΍ΪόΘγϻ΍ϊοϭ
ϞϴϐθΘϟ΍ΪϗΓ΍ΩϷ΍ϥϮϜΗΎϣΪϨϋϻ·Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϢΘϳϻ
ϊϨϤϟΎ˱ΒϳήϘΗ˳ϥ΍ϮΛΓΪϤϟΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϢΘϳˬΓ΍ΩϷ΍ϞϴϐθΗϑΎϘϳ·ΪόΑ
ϡϮρήΨϟ΍ϲϓΎϳΎϘΑΔϳ΃ϊϤΠΗ
!ϊοϮϟ΍ϰϠϋΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ΡΎΘϔϣςΒο΍
˯ΎϬΘϧϻ΍ΪόΑβΑΎϘϟ΍Ϟμϓ΍
ϦϳΰΨΘϟ΍ΔϳϭΎΤϟϲϔϠΨϟ΍˯ΰΠϟ΍ϲϓΕΎϘΤϠϤϟ΍ϦϳΰΨΗϊϗϮϣϲϓςϔθϟ΍ϡϮρήΧΖϴΒΜΘΑϢϗ
ΔΑήΗϷ΍ΕΎΌϳΰΟΝϭήΧϊϨϤϟΎϬπόΑϲϓϡϮρήΨϟ΍ϑ΍ήρ΃ϝΎΧΩ·ϦϜϤϳ
έΎϴΘΧ΍ΡΎΘϔϣ+ϭ0ϦϴΘΌϔϟ΍ϦϣΔϴ΋ΎΑήϬϜϟ΍βϧΎϜϤϟ΍ϰϠϋΪΟϮϳϪϴΒϨΗ
ϲ΋ϮοϭϲΗϮλΩ΍ϮϤϟ΍ϖϓΪΘϟϰϧΩϷ΍ΪΤϠϟ
ϡϮρήΨϟ΍ήτϘϟΎ˱όΒΗˬϲϟΎΘϟ΍Ω΍ΪϋϹ΍˯΍ήΟ·ϢΘϳ!$ϭ!$&ϦϴόοϮϟ΍ϲϓ
ϡϮρήΨϠϟϲϠΧ΍Ϊϟ΍ήτϘϟ΍ΡΎΘϔϤϟ΍ϊοϮϣ
΍˱ήΘϤϴϠϠϣΔϋΎγ
ήΘϣ
΍˱ήΘϤϴϠϠϣΔϋΎγ
ήΘϣ
΍˱ήΘϤϴϠϠϣΔϋΎγ
ήΘϣ
Ύ˱Ϥ΋΍ΩΔϋήγϰμϗ΄ΑΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϢΘϳΔϋήδϠϟϢϴψϨΗ˯΍ήΟ·ϢΘϳϻ

ϞϴϐθΘϟ΍ωΎοϭ΃
ϝϮΧΩϲϓϢϜΤΘϠϟϖϟΰϨϤϟ΍ϞϔϘϟ΍ϡ΍ΪΨΘγΎΑςϔθϟ΍˯΍Ω΃ϒϴϴϜΗϚϨϜϤϳξΒϘϤϟ΍ϡ΍ΪΨΘγ΍ΪϨϋ
ϡϮρήΨϟ΍ϰϟ·˯΍ϮϬϟ΍
ϑΎΠϟ΍ςϔθϟΎΑϒϴψϨΘϟ΍
Ϣϛ΍ήΗϊϨϤϟΔΒγΎϨϣΕΎϘΤϠϣϭςϘϓϑΎΟ΢ηήϣϊϣΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϡ΍ΪΨΘγ΍ϚϴϠϋΐΠϳ
ΔΒϠμϟ΍ΥΎγϭϷ΍ϦϳϮϜΗϭΔΑήΗϷ΍
Ω΍ϮϤϟ΍ϭ΃ϖϴϗΪϟ΍ϭ΃βΒΠϟ΍ϭ΃ΖϨϤγϷ΍ϭ΃ΥΎγϭϷ΍Δϟ΍ίϹΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϡ΍ΪΨΘγ΍ΪϨϋ
Δρήη΃ϊϣ΢ϴηήΘϟ΍αΎϴϛ΃Ύ˱Ϥ΋΍ΩϡΪΨΘγ΍Δϴϗέϭ΢ϴηήΗαΎϴϛ΃ϡ΍ΪΨΘγΎΑϲλϮϧˬΔϬΑΎθϤϟ΍
ΔϳϮτϣ΢ϴηήΗ
ΐρήϟ΍ςϔθϟΎΑϒϴψϨΘϟ΍
Ϟ΋Ύγϭ΃ΓϮϏέΝϭήΧΔϟΎΣϲϓέϮϔϟ΍ϰϠϋΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϑΎϘϳΈΑϢϗϪϴΒϨΗ
ήϣϷ΍ϡΰϟϥ·ϱϮτϤϟ΍΢ηήϤϟ΍ςϳήηϚϟάϛϭˬΔϳϭΎΤϟ΍ώϳήϔΘΑϢϗ
ϒϠΗΩϮΟϮϟΕΎϣϼϋϦϋΎ˱ΜΤΑΎϬμΤϓ΍ϭϡΎψΘϧΎΑ˯ΎϤϟ΍ϯϮΘδϣΕ΍ήόθΘδϣϒϴψϨΘΑϢϗΔψΣϼϣ
Δϴϗέϭ΢ϴηήΗαΎϴϛ΃ϥϭΪΑςϔθϟ΍
ΐρήϟ΍ςϔθϠϟΔϤ˷ϤμϣΔϳϮτϤϟ΍΢ηήϤϟ΍Δρήη΃
ΔϳϭΎΤϟ΍˯ϼΘϣ΍ΪϨϋϙήΤϤϟ΍ϞϴϐθΗϑΎϘϳ·ϰϠϋΖΒΜϤϟ΍ήόθΘδϤϟ΍ϞϤόϳ
ΔϳϭΎΤϟ΍˯ϼΘϣ΍ΪϨϋΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟΎΑέ΍ήοϹ΍ϦϜϤϳ
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ώϳήϔΗ
ϞϴϐθΘϟ΍ΓΩΎϋ·ΔϳΎϤΣΓΪΣϭϰϘΒΗˬΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϑΎϘϳ·ϢΘϳϢϟ΍Ϋ·ϪϴΒϨΗ
ΎϬϴϠϐθΗϑΎϘϳ·ΪόΑϻ·ϯήΧ΃ΓήϣΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϡ΍ΪΨΘγ΍ϦϜϤϳϻϞϴϐθΘϟ΍Ϊϴϗ
ΎϬϠϴϐθΗΓΩΎϋ·ϭ
ώϳήϔΘϟ΍ϞΒϗϞ΋Ύδϟ΍Ϧϣςϔθϟ΍ϡϮρήΧΔϟ΍ίΈΑϢϗ
ωΎϔΗέϻΔΠϴΘϧϚϟΫϭˬϡϮρήΨϟ΍ϰϟ·˯ΎϤϟ΍ϦϣΓήϴϐλΔϴϤϛϊΟήΗϥ΃ϦϜϤϳˬϞϴϐθΘϟ΍ϑΎϘϳ·ΪόΑ
ΔϳϭΎΤϟ΍ϲϓΔϠπϔϤϟ΍ϖϓΪΘϟ΍ΔϟΎΣϭςϔθϟ΍ϯϮΘδϣ
ΔϓΎΟΕΎΤηήϣϝΎΧΩ·ϚϴϠϋΐΠϳˬΔϓΎΟΔϴ΋ΎΑήϬϛΔδϨϜϤϛΎϬϣ΍ΪΨΘγ΍ΔϟΎΣϲϓ
ΔϋϮϤΠϣϡ΍ΪΨΘγΎΑϚΤμϨϧˬέήϜΘϣϞϜθΑΐρήϟ΍ϭϑΎΠϟ΍ςϔθϟ΍ϦϴΑϞϳΪΒΘϟ΍ΔϟΎΣϲϓΔψΣϼϣ
ήΘδϴϟϮΒϟ΍ΓΩΎϣϦϣΔϋϮϨμϤϟ΍ΔϳϮτϤϟ΍ΕΎΤηήϤϟ΍Δρήη΃ϡ΍ΪΨΘγ΍ϞπϔϳˬΕΎΤηήϤϟ΍ϦϣΔϴϧΎΛ

΢ηήϤϠϟϢ΋΍Ϊϟ΍ϒϴψϨΘϟ΍
ΎϬϣ΍ΪΨΘγ΍ϦϜϤϳ΢ηήϤϠϟΔϴδϴρΎϨϐϣϭήϬϛϒϴψϨΗΓΪΣϮΑΓΰϬΠϣΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
ΔϳϮτϤϟ΍ΕΎΤηήϤϟ΍Δρήη΃ϰϠϋΓΩϮΟϮϤϟ΍ΔΑήΗϷ΍ϦϣκϠΨΘϠϟ
ήϤΘδϣϞϜθΑϞϤόϟ΍ϥΎϤπϟϝΩΎΒΘϟΎΑΔϳϮτϤϟ΍ΕΎΤηήϤϟ΍Δρήη΃ϒϴψϨΗϢΘϳ
ΔϳϭΎΤϟ΍ώϳήϔΗ
ςγϮΘϣώϠΒϳϲΘϟ΍ΔΑήΗϷ΍ΔϟΎΣϲϓϻ·˯΍ήΟϹ΍΍άϬΑ΢Ϥδ
˵
ϳϻΔψΣϼϣ
ήΘϣϡ΍ήΠϴϠϠϣড়ΎϬϧίϭ
ϲδϴ΋ήϟ΍ΔϗΎτϟ΍βΑΎϗϞμϓ΍ϢΛˬΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϑΎϘϳΈΑϢϗ
Ξϴϟ΍ΰϤϟ΍΢Θϓ΍
ΔϳϭΎΤϟ΍Ϧϣςϔθϟ΍ϡϮρήΧϭ˯Ύτϐϟ΍ωΰϧ΍
ΎϬΒϠϗϖϳήρϦϋΔϳϭΎΤϟ΍ώϳήϔΘΑϢϗ
ϲϗέϮϟ΍΢ϴηήΘϟ΍βϴϛϦϣκϠΨΘϟ΍
ϲδϴ΋ήϟ΍ΔϗΎτϟ΍βΑΎϗϞμϓ΍
Ϣϔϟ΍ϲϗ΍ϭ˶ΪΗέ΍
ΓΩ΍ΪδΑςϔθϟ΍ΔΤΘϓϕϼϏ·ϭˬςϔθϟ΍ϡϮρήΧωΰϧ΍
ϱϮϠόϟ΍˯ΰΠϟ΍Δϟ΍ίΈΑϢϗϢΛˬΔϴΒϧΎΠϟ΍Ξϴϟ΍ΰϤϟ΍΢Θϓ΍
ΎϬϘϠϏ΃ϢΛςϔθϟ΍ΔΤΘϓϦϣιήΤΑΔϔθϟ΍ΐΤγ΍
ΔϴϧϮϧΎϘϟ΍ΕΎΒϠτΘϤϠϟΎ˱ϘϓϭΎϬτϔηϢΗϲΘϟ΍Ω΍ϮϤϟ΍ϦϣκϠΨΗ
ϦϴϠϴΜϳ·ϲϟϮΒϟ΍ϦϣωϮϨμϤϟ΍κϠΨΘϟ΍ϭώϳήϔΘϟ΍βϴϛϦϣκϠΨΘϟ΍
ΰϫϭˬΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΘΑϢϗϦϴϠϴΜϳ·ϲϟϮΒϟ΍ϦϣωϮϨμϤϟ΍κϠΨΘϟ΍ϭώϳήϔΘϟ΍βϴϛ
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϑΎϘϳΈΑϢϗΔϳϮτϤϟ΍΢ηήϤϟ΍Δρήη΃
Ϣϔϟ΍ϲϗ΍ϭ˶ΪΗέ΍
ΓΩ΍ΪδΑςϔθϟ΍ΔΤΘϓϖϠϏ΃ϭˬςϔθϟ΍ϡϮρήΧΔϟ΍ίΈΑϢϗ
ϱϮϠόϟ΍ϢδϘϟ΍Δϟ΍ίΈΑϢϗϭˬΔϴΒϧΎΠϟ΍Ξϴϟ΍ΰϤϟ΍΢Θϓ΍
ΪϗΓήϳΎτΘϣΔΑήΗ΃ϱ΃ΐΤδϟˬ!$ϊοϮϟ΍ϰϟ·ΡΎΘϔϤϟ΍ϞϳϮΤΘΑϢϗˬϱϮϠόϟ΍ϢδϘϟ΍ϊϠΧϞΒϗ
ΓΩϮΟϮϣϥϮϜΗ
ΩϮΟϮϤϟ΍ςϳήθϟ΍ϡ΍ΪΨΘγΎΑέάΤΑϦϴϠϴΜϳ·ϲϟϮΒϟ΍ϦϣωϮϨμϤϟ΍κϠΨΘϟ΍ϭώϳήϔΘϟ΍βϴϛϖϠϏ΃
ΎϬϘϠϏ΃ϢΛςϔθϟ΍ΔΤΘϓϦϣιήΤΑΔϔθϟ΍ΐΤγ΍
ΔϳϭΎΤϟ΍ϦϣϦϴϠϴΜϳ·ϲϟϮΒϟ΍ϦϣωϮϨμϤϟ΍κϠΨΘϟ΍ϭώϳήϔΘϟ΍βϴϛΔϟ΍ίΈΑϢϗ
ΔϴϧϮϧΎϘϟ΍ΕΎΒϠτΘϤϠϟΎ˱ϘϓϭΎϬτϔηϢΗϲΘϟ΍Ω΍ϮϤϟ΍ϦϣκϠΨΗ

󱑁
󱐿
󱐽
󱐻
ϲϗέϮϟ΍΢ϴηήΘϟ΍βϴϛϝΎΧΩ·
ςϔθϠϟϲϗέϮϟ΍΢ϴηήΘϟ΍βϴϛϡΪΨΘδϳΔψΣϼϣ
ςϘϓϑΎΠϟ΍
ςϔθϟ΍ΔΤΘϓϰϠϋϞϣΎϜϟΎΑΔϔθϟ΍ΐΤγ΍
ΚϴΤΑςϔθϟ΍ΔΤΘϓϲϓέ΍ϭΪϟ΍ϖϟΰϨϤϟ΍ϞϔϘϟ΍ϊο
ϰϠϋϷΔϬΠΘϣV󱑁Δϣϼόϟ΍ϥϮϜΗ
ϖϠϏ΃ϭΔϳϭΎΤϟ΍ϰϠϋϱϮϠόϟ΍ϢδϘϟ΍ϊο
ΔϴΒϧΎΠϟ΍Ξϴϟ΍ΰϤϟ΍
ϦϴϠϴΜϳ·ϲϟϮΒϟ΍ϦϣωϮϨμϤϟ΍κϠΨΘϟ΍ϭώϳήϔΘϟ΍βϴϛϝΎΧΩ·
ΔλΎΧΕΎϳϭΎΣϰϠϋϱϮΘΤΗϲΘϟ΍+ϭ0ϦϴΘΌϔϟ΍ϦϣΔϴ΋ΎΑήϬϜϟ΍βϧΎϜϤϟ΍ΔψΣϼϣ
ώϳήϔΘϟ΍αΎϴϛ΃ϡ΍ΪΨΘγ΍ΐγΎϨΗϲΘϟ΍ςϘϓϲϫςϔθϟ΍ΔΤΘϓϲϓΓέ΍ϭΩΕΎϘϟΰϨϣϭ
󱑁
󱐿
󱐻
󱐽
ϦϴϠϴΜϳ·ϲϟϮΒϟ΍ϦϣΔϋϮϨμϤϟ΍κϠΨΘϟ΍ϭ
ςϔθϟ΍ΔΤΘϓϲϓέ΍ϭΪϟ΍ϖϟΰϨϤϟ΍ϊο
ϰϠϋϷΔϬΠΘϣO󱑁Δϣϼόϟ΍ϥϮϜΗΚϴΤΑ
ϞϣΎϜϟΎΑςϔθϟ΍ΔΤΘϓϰϠϋΔϔθϟ΍ΐΤγ΍
ΔϳϭΎΤϟ΍ΔϓΎΣϰϠϋΔϳϮϠόϟ΍βϴϜϟ΍ΔΤΘϓϊοϭ
ϖϠϏ΃ϭΔϳϭΎΤϟ΍ϰϠϋϱϮϠόϟ΍ϢδϘϟ΍ϊο
ΔϴΒϧΎΠϟ΍Ξϴϟ΍ΰϤϟ΍
έ΍ϭΪϟ΍ϖϟΰϨϤϟ΍ϞϴϐθΗ
󱐻ΝέΎΨϟ΍ϰϟ·ϞΧ΍Ϊϟ΍Ϧϣέ΍ϭΪϟ΍ϖϟΰϨϤϟ΍ϊϓΩ΍
󱑁Δϣϼόϟ΍ήψϧ΍󱐽ΔΟέΩΔϳϭ΍ΰΑϩήϳϭΪΘΑϢϗϭ
󱐿ςϔθϟ΍ΔΤΘϓήΒϋΝέΎΨϟ΍ϦϣϯήΧ΃ΓήϣϞΧ΍ΪϠϟϊϓΩ΍ϢΛ
΢ηήϤϟ΍ήϴϴϐΗ
ϱϮτϤϟ΍΢ηήϤϟ΍ήϴϴϐΗ
ΎϫήϴϴϐΗϞΒϗΔϳϮτϤϟ΍΢ηήϤϟ΍Δρήη΃ΰϬΑϢϗ
ΔϋΎδϟ΍ΏέΎϘϋϩΎΠΗ΍βϜϋϲϓΔΟέΩΔϳϭ΍ΰΑ󱆯ΝϻΰϤϟ΍ϰϠϋΩϮΟϮϤϟ΍ϞϔϘϟ΍Γέ΍ΩΈΑϢϗ
ϒϠΨϠϟΝϻΰϤϟ΍ϊϓΩ΍ϭϪΑΎθϣ˯ϲηϱ΃ϭ΃ΔϠϤϋϡ΍ΪΨΘγΎΑ
ϰϠϋϷ˯Ύτϐϟ΍ϲτΑϢϗ
κϠΨΗϭϢϜΤϣϲϜϴΘγϼΑβϴϛϲϓΎϬΘϟ΍ίΈΑΖϤϗϲΘϟ΍ΔϳϮτϤϟ΍ΕΎΤηήϤϟ΍Δρήη΃ϞμϔΑϢϗ
΢΋΍ϮϠϟΎ˱ϘϓϭΎϬϨϣ
ϲτϠϟΔϠΑΎϗΓΪϳΪΟΕΎΤηήϣΔρήη΃ϞΧΩ΃
ϖϓήΑϪϴϠϋςϐο΍ϭϞϔγϷ˯Ύτϐϟ΍ϲτΑϢϗϢΛˬϰϠϋϷϞϔϘϟ΍ϞϣΎΣϊϓέ΍

ϙήΤϤϟ΍ΔϳΎϤΣ΢ηήϣήϴϴϐΗ
΢ηήϤϟ΍Δρήη΃ϲϓϞϠΧΩϮΟϭϰϟ·ήϴθϳϚϟΫϥΈϓΎ˱ΛϮϠϣϙήΤϤϟ΍ΔϳΎϤΣ΢ηήϣϥΎϛ΍Ϋ·ΔψΣϼϣ
ΔϳϮτϤϟ΍΢ηήϤϟ΍Δρήη΃ϝ΍ΪΒΘγΎΑϢϗ
Ϊϋ΃ϢΛϪϔϔΟϭϱέΎΠϟ΍˯ΎϤϟ΍ΖΤΗϙήΤϤϟ΍ΔϳΎϤΣ΢ηήϣϞδϏ΍ϭ΃ϙήΤϤϟ΍ΔϳΎϤΣ΢ηήϣϝ΍ΪΒΘγΎΑϢϗ
ϪΒϴϛήΗ
ΔϧΎϴμϟ΍
ΔϧΎϴλϝΎϤϋ΃ϱ΃˯΍ήΟ·ϞΒϗϲδϴ΋ήϟ΍ΔϗΎτϟ΍βΑΎϗϞμϓ΍ϭΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗϑΎϘϳΈΑϢϗΔψΣϼϣ
ΐΠϳˬϡΪΨΘδϤϟ΍Δτγ΍ϮΑΔϧΎϴμϠϟ
±Ϛϓ
±ϒϴψϨΗϭ
±ΔϧΎϴλϭ
ϩήϴϏϭ΃ΔϧΎϴμϟ΍ϒυϮϣϰϠϋήτΧϱ΃ϚϟΫϞϜθϳϥ΃ϥϭΩϥΎϜϣϹ΍έΪϗΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍
Δϴ΋ΎϗϭΕ΍˯΍ήΟ·
ΔΒγΎϨϤϟ΍Δϴ΋ΎϗϮϟ΍Ε΍˯΍ήΟϹ΍ϦϤπΘΗ
±ϚϴϜϔΘϟ΍ϞΒϗϒϴψϨΘϟ΍
±Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϚϴϜϔΗϪϴϓϢΘϳϱάϟ΍ϥΎϜϤϠϟΔΤηήϣΓΪϴΟΔϳϮϬΗήϴϓϮΗ
±ΔϧΎϴμϟ΍ΔϘτϨϣϒϴψϨΗ
±ΔΒγΎϨϣΔϴμΨηΔϳΎϗϭΕ΍Ϊόϣϡ΍ΪΨΘγ΍
0ϭ+ϦϴΘΌϔϟ΍ϦϣΔϴ΋ΎΑήϬϜϟ΍βϧΎϜϤϟ΍ϊϣΔϴ΋ΎϗϭΕ΍˯΍ήΟ·
ϞΒϗΏήδΘϠϟΔόϧΎϣΓΩΎϤΑΎϬΘΠϟΎόϣϢΘΗϭ΃ϪΤδϣϭΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϠϟϲΟέΎΨϟ΍΢τδϟ΍ϒϴψϨΗΐΠϳ
ϦϣΎϬΘϟ΍ί·ΪϨϋΔΛϮϠϣΎϬϧ΃ϰϠϋΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍˯΍ΰΟ΃ΔϓΎϛϊϣϞϣΎόΘϟ΍ΐΠϳήτΨϟ΍ΔϘτϨϣϦϣΎϬΘϟ΍ί·
ΔΑήΗϷ΍έΎθΘϧ΍ϊϨϤϟΔϤ΋ϼϣΔϘϳήτΑΎϬόϣϞϣΎόΘϟ΍ΐΠϳϭήτΨϟ΍ΔϘτϨϣ
ΔΛϮϠϤϟ΍ήλΎϨόϟ΍
ϲϐΒϨϳΎϤϛΎϬϔϴψϨΗϢΘϳϢϟϲΘϟ΍ΔΛϮϠϤϟ΍ήλΎϨόϟ΍ΔϓΎϛϦϣκϠΨΘϟ΍ΐΠϳˬΡϼλ·ϭ΃ΔϧΎϴλϝΎϤϋ΄ΑϡΎϴϘϟ΍ΪϨϋ
ϞΜϣϦϣκϠΨΘϟ΍ϥ΄θΑΎϬΑϝϮϤόϤϟ΍΢΋΍ϮϠϟΎ˱ϘΒρΔϤϜΤϣαΎϴϛ΃ϲϓήλΎϨόϟ΍ϩάϫϞΜϣϦϣκϠΨΘϟ΍ΐΠϳ
ΕΎϳΎϔϨϟ΍ϩάϫ
ϲϨϔϟ΍έΎΒΘΧϻ΍
ϒϠΗΩϮΟϭϦϋΎ˱ΜΤΑκΤϔϟΎΑϡϮϘϳˬΏέΪϣκΨηΔτγ΍ϮΑϞϗϷ΍ϰϠϋϡΎϋϞϛΓήϣϲϨϓκΤϓ˯΍ήΟ·ΐΠϳ
ίΎϬΟϒ΋Ύυϭϥ΃ϦϣϖϘΤΘϟ΍ϭˬ˯΍ϮϬϟ΍ΝϭήΧΪοΔϤϜΤϣΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϥ΃ϦϣΪϛ΄Θϟ΍ϭ΢ηήϤϟ΍ϲϓ
΢ϴΤλϞϜθΑϞϤόΗΔΒϗ΍ήϤϟ΍
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ΔϴϟΎόϓέΎΒΘΧ΍
ϡΎϋϞϛΓήϣ+ΔΌϔϟ΍ϦϣΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ΔϴϟΎόϓϦϣϖϘΤΘϟ΍ΐΠϳˬϚϟΫϰϟ·ΔϓΎοϹΎΑΔψΣϼϣ
ϞϗϷ΍ϰϠϋ
ϲϓϡΩΎόϟ΍˯΍ϮϫΝϭήΧΔϟΎΣϲϓΔϓήϐϟ΍ϲϓ/ϯϮΘδϤϟ΍Ϧϣ˯΍ϮϬϟ΍ΩΪΠΘϟΐγΎϨϣϝΪόϣϙΎϨϫϥϮϜϳϥ΃ΐΠϳ
ΔϴϠΤϤϟ΍΢΋΍ϮϠϟ΍ϦϣΕΎϣϮϠόϤϟ΍ϦϣΪϳΰϣϰϠϋϝϮμΤϟ΍ϦϜϤϳΔϓήϐϟ΍
ˬϲτϠϟΔϠΑΎϘϟ΍΢ηήϤϟ΍Δρήη΃ϒϴψϨΗΕ΍˯΍ήΟ·ΩΎϳΩί΍ϭΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ςϔηΓ˯ΎϔϛνΎϔΨϧ΍ΔϟΎΣϲϓ
ά΋ΪϨϋϭϲϗέϮϟ΍΢ϴηήΘϟ΍βϴϛϝ΍ΪΒΘγ΍ϢΗϭΔϏέΎϓΔϳϭΎΤϟ΍ϥϮϜΗϥ΃ΔτϳήηϢ΋ϼϣήϴϏςϔθϟ΍˯΍Ω΃ϥϮϜϳ
ϲτϠϟΔϠΑΎϘϟ΍΢ηήϤϟ΍Δρήη΃ϝ΍ΪΒΘγ΍ΐΠϳ

ϒϴψϨΘϟ΍
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍Ϧϣ˯΍ΰΟ΃Ϟϛ΂ΗϰϠϋΕΎΒϳάϤϟ΍ϭΕΎϳϮϠϘϟ΍ϭνΎϤΣϷ΍ϞϤόΗϥ΃ϦϜϤϳΔψΣϼϣ
˯ΎϤϟΎΑΎϬΗΎϘΤϠϣϭΔϳϭΎΤϟ΍ϒϴψϨΘΑϢϗ
ΔΒρέεΎϤϗΔότϘΑϱϮϠόϟ΍˯ΰΠϟ΍΢δϣ΍
ϒΠΗϰΘΣΎϬΗΎϘΤϠϣϭΔϳϭΎΤϟ΍ϙήΗ΍
ΡϼλϹ΍
ϞϐθϤϟ΍ϰϠϋ΍
˱
ήτΧΔΤϴΤλήϴϏΔϘϳήτΑΎϬΣϼλ·ϢΗϲΘϟ΍Δϴ΋ΎΑήϬϜϟ΍βϧΎϜϤϟ΍ϞΜϤΗήτΧ
ΔϴϠλ΃ήϴϏέΎϴϏϊτϗϡΪΨΘδΗϻ˯ϼϤόϟ΍ΔϣΪΧϞΜϣϦϴμμΨΘϣΔτγ΍ϮΑΕΎΣϼλϹ΍˯΍ήΟ·ΐΠϳ
ϞϘϨϟ΍
ςϔθϟ΍ΔΤΘϓϲϓΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟΎΑΔλΎΨϟ΍ϕϼϏϹ΍ΓΩ΍ΪγϞΧΩ΃
Ξϴϟ΍ΰϤϟ΍ϖϠϏ΃ϡΎϜΣΈΑΔϳϭΎΤϟ΍ϲϓϙήΤϤϟ΍α΃έΐϴϛήΗΐΠϳ
Ε΍ϭΩϷ΍ϦϳΰΨΗΓήϴΠΣϲϓϪόοϭ΃ϚϴΘγϼΒϟ΍βϴϜϟ΍ϖϠϏ΃ϭΐγΎϨϣϲϜϴΘγϼΑβϴϛϲϓΕΎϘΤϠϤϟ΍ϊο
ΎϬπόΑϲϓςϔθϟ΍ϡϮρήΧϑ΍ήρ΃ϞϴλϮΘΑϢϗ
ξΒϘϤϟ΍ϕϮϓϪΘϴΒΜΘΑϢϗϭΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϝϮΣϡϮρήΨϟ΍ϊο
ϞτϋΙϭΪΣΔϟΎΣϲϓΔϴϟϭϷ΍ΕΎϓΎόγϹ΍
Ϟτόϟ΍ϞϤΘΤϤϟ΍ΐΒδϟ΍Νϼόϟ΍
ςϔθϟ΍νΎϔΨϧ΍΢ηήϤϟ΍ΙϮϠΗϪϔϴψϨΗ
ϲϗέϮϟ΍΢ηήϤϟ΍˯ϼΘϣ΍ϩήϴϴϐΗ
ΔϳϭΎΤϟ΍˯ϼΘϣ΍ΎϬϐϳήϔΗ
ϡϮρήΨϟ΍ϭ΃ΐϴΑΎϧϷ΍ϭ΃ΔϫϮϔϟ΍Ω΍Ϊδϧ΍ΎϬϔϴψϨΗ
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗέάόΗˮϞλϮϣΔϗΎτϟ΍βΑΎϗϞϫ
ˮΩϮϘϔϣΔϗΎτϟ΍έΪμϣϞϫ
ˮΓΪϴΟΔϟΎΤΑ˯ΎΑήϬϜϟ΍ϞΑΎϛϞϫ
ˮ΢ϴΤλϞϜθΑϖϠϐϣ˯Ύτϐϟ΍Ϟϫ
ˮ˯ΎϤϟ΍ήόθΘδϣϞϴϐθΗϑΎϘϳ·ϢΗϞϫ
ϊοϭϲϓΔϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍Ϟϫ
ˮ!$&ϞϴϐθΘϠϟΩ΍ΪόΘγϻ΍
!$ϭ΃!,ϰϠϋΎϫΩ΍ΪϋΈΑϢϗ
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟ΍ϞϴϐθΗέάόΘϳ
!$&ϊοϮϟ΍ϲϓΓ΍ΩϷ΍ϞϴϐθΗΪϨϋ
ϞλϮϣίΎϬΠϟΎΑΔλΎΨϟ΍ΔϗΎτϟ΍βΑΎϗϞϫ
ˮέΎϴΘϟ΍άΧ΄ϤΑ
έΎϴΘϟ΍άΧ΄ϣϲϓΔϗΎτϟ΍βΑΎϗϊο
Δϴ΋ΎΑήϬϜϟ΍ΔδϨϜϤϟΎΑ
ιΎΨϟ΍ϲΒϟϮϠϟ΍ϒϠϤϟ΍ϡΎϤλΙ˷ϮϠΗϞϫ
˯΍ϮϬϠϟϲ΋ΎϘϠΘϟ΍ϞϴϐθΘϟ΍ΡΎΘϔϤΑ
ˮρϮϐπϤϟ΍
˯΍ϮϬϠϟϲ΋ΎϘϠΘϟ΍ϞϴϐθΘϟ΍ΡΎΘϔϣϒτη΍
ϝϮΤϜϟΎΑρϮϐπϤϟ΍
ϦϣωϮϨμϤϟ΍κϠΨΘϟ΍ϭώϳήϔΘϟ΍βϴϛ
΢ηήϤϟ΍ϮΤϧρϮϔθϣϦϴϠϴΜϳ·ϲϟϮΒϟ΍
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ΔϴγΎϴϘϟ΍Ε΍έ΍ΪλϹ΍ϊϣΎϬϨϴϤπΗϢΘϳϻϲΘϟ΍ϭΕ΍έΎϴΨϛΓήϓϮΘϤϟ΍ΕΎϘΤϠϤϟ΍ϭ΃ΓΰϬΟϷ΍Δϴϓ΍ήϏϮΗϮϔϟ΍έϮμϟ΍ήϬψ˵ΗΪϗϭΖϗϭϱ΃ϲϓΎϬΗΎΠΘϨϣκ΋ΎμΧϞϳΪόΗϲϓϖΤϟΎΑ6SLWφϔΘΤΗ
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