
>0LQ@
67%<
6,-
7LPH/DSVH5HFRUGLQJ
1.6M
6HF +U
)
'RVWXSQHIXQNFLMHYDULUDMXRYLVQRRRGDEUDQRPQDþLQXUDGDLUD]OLþLWLPLQGLNDWRULPDNRMLMHMDYOMDMXRYLVQRR
YULMHGQRVWLPDSRGHãHQMD
35(7+2'1$3529-(5$
2YDMSULND]QD]DVORQX26'MHSULND]DQVDPRXQDþLQX]D6QLPDQMH
3ULWLVQLWHJXPE02'(NDNRELVWHRGDEUDOLQDþLQ]D6QLPDQMH
¬
VWUDQLFD
3R]QDYDQMH3ULND]D1D=DVORQX
,1',.$725,/&'=$6/21$
7LPH/DSVH5(&
5DGQLPRGH
67%<VWDQMHSULSUDYQVRWL
z
VQLPDQMH
%URMMLORYUHPHQDYULMHPHVQLPDQMD¿OPD
SUHRVWDORYULMHPHVQLPDQMD
%URMLORIRWRVOLNHXNXSDQEURMIRWRVOLNDNRMH
VHPRJXVQLPLWL
0HGLM]DRGODJDQMH8JUDÿHQDPHPRULMDLOL
PHPRULMVNDNDUWLFDVDPR60;))
,QIRREDWHULML3UHRVWDODUD]LQDEDWHULMH
5D]OXþLYRVWIRWRVOLNH5D]OXþLYRVWVOLNH¿OPD
6WDELOL]DWRUVOLNH+',6
/&'SREROMãDQMH
%DFN/LJKW
:LQG&XW
)DGHU
=RRP2SWLþNH]RRP,QWHOOL]RRP
'LJLWDOQH]RRP
'DWH7LPH'LVSOD\
7LPH=RQH
'LJLWDO(IIHFW
(99ULMHGQRVWHNVSR]LFLMH
0DQXDO$SHUWXUH0DQXDO6KXWWHU
6SHHG&1LWH
0DQXDO)RFXV)DFH'HWHFWLRQ
%MHOLQD
6&(1(60$57$872
1DþLQ]DVQLPDQMH
1DþLQ]DVQLPDQMH¿OPD
*RUHQDYHGHQ]DVORQSUHGVWDYOMDSULPMHU]D
REMDãQMHQMH5D]OLNXMHVHRGDNWXDOQRJSULND]D
26'LQGLNDWRULWHPHOMHVHQDNDSDFLWHWXPHPRULMHRG
*%6'+&PHPRULMVNDNDUWLFD
)XQNFLMHR]QDþHQHVDQHüHVHRþXYDWLSULSRQRYQRP
SRNUHWDQMXNDPNRUGHUDVPHPRULMRP
=DSREROMãDQXL]YHGEXLQGLNDWRULSULND]DLUHGRVOLMHG
SRGORåQLVXSURPMHQLEH]SUHWKRGQHQDMDYH
2YDMNDPNRUGHURPRJXüXMHQDþLQ]DMHGQRVQLPDQMH
ãWRMHNRPELQLUDQQDþLQ]DVQLPDQMH¿OPDLIRWRJUD¿MH
0RåHWHMHGQRVWDYQRVQLPLWL¿OPRYHLOLIRWRJUD¿MHQDLVWL
QDþLQEH]SURPMHQHRGJRYDUDMXüHJQDþLQDVQLPDQMD
8NXSDQEURMIRWRJUD¿MD]DVQLPDQMHL]UDþXQDWMHQD
WHPHOMXVORERGQRJSURVWRUDQDPHGLMX]DRGODJDQMH
%URMIRWRVOLNDNRMHVHPRJXVQLPLWLQD26'XMHQDMYLãH
•
•
•
•
•
•
•