/PSTLtɪɧ

ɭ7FMHFFUFHOFUPQQTUJMMJOHT

TUFEGPSNJOJ)J'JBOMFHHFU

4FUUNJOJ)J'JBOMFHHFUPHIZUBMFSOFLVOPQQQÇFUSFUUKFWOU
TLSBQFGBTUPHTLMJTJLLFSUVOEFSMBH%VNÇGPSTJLSFEFHPNBU
VOEFSMBHFULBOCSFWFLUFOUJMNJOJ)J'JBOMFHHFUIZUBMFSOF
L'BSF
4FUUJLLFNJOJ)J'JBOMFHHFU
 PQQQÇTUFEFSTPNVUTFUUFTGPSEJSFLUFTPM&MMFSTLBONJOJ
)J'JBOMFHHFUPWFSPQQIFUFTPHTLBEFTJSSFQBSBCFM*UJM
MFHHCFTUÇSEFUGBSFGPSCSBOO
 JVNJEEFMCBSOSIFUBWWBSNFLJMEFS5JMEFUUFUJMISFS
GFLTPWOFSWBSNFWFOUJMBUPSFSPHMJHOFOEFBQQBSBUFS
TPNMVѫFÇQOJOHFSUJMBOESFFMFLUSJTLFBQQBSBUFS&MMFST
LBONJOJ)J'JBOMFHHFUTLBEFTJSSFQBSBCFM%FUCFTUÇS
GBSFGPSCSBOO
 JTUWFUFPNHJWFMTFS&MMFSTLBOTUWUSFOHFJOOJNJOJ
)J'JBOMFHHFU)WJTEFUUSFOHFSTUSSFNFOHEFSTUWJOOJ
NJOJ)J'JBOMFHHFULBOEFU���PWFSPQQIFUFTPHTLBEFTJSSF
QBSBCFM%FUCFTUÇSGBSFGPSCSBOO
 PQQJGVLUJHFPNHJWFMTFS&MMFSTLBOGVLUJHIFUUSFOHFJOO
JNJOJ)J'JBOMFHHFU%BCFTUÇSEFUGBSFGPSFMFLUSJTLTUU
PHCSBOO
 PQQJVNJEEFMCBSOSIFUBWWBOOGFLTWFECBEFLBSFM
MFSTWNNFCBTTFOH)WJTEFULPNNFSWBOOJOOJNJOJ
)J'JBOMFHHFUFMMFSEFUGBMMFSOFEJWBOOCFTUÇSEFUGBSF
GPSFMFLUSJTLTUU
%VNÇJLLFUJMEFLLFWFOUJMBTKPOTÇQOJOHFOFUJMNJOJ)J'JBO
MFHHFU4FUUEFSGPSJLLFNJOJ)J'JBOMFHHFUPQQJTFOHFSUBLFUD
1BTTQÇBUBMMFWFOUJMBTKPOTÇQOJOHFSIBSNJOTUώύDNBWTUBOE
UJMWFHHFSFMMFSTUSSFHKFOTUBOEFS&MMFSTLBONJOJ)J'JBOMFHHFU
PWFSPQQIFUFTPHTLBEFTJSSFQBSBCFM%FUCFTUÇSGBSFGPSCSBOO
ɧɦDN ɧɦDN
ɧɦDN
ɧɦDN
6"EWBSTFM
4FUUJLLFNJOJ)J'JBOMFHHFUPQQQÇTUFEFSTPNVUTFUUFTGPS
TUFSLSJTUJOHFMMFSLPOTUBOUFWJCSBTKPOFS4UFSLSJTUJOHPHLPO
TUBOUFWJCSBTKPOFSLBOGSFUJMEFMWJTFGVOLTKPOTGFJMFMMFSPHTÇ
UJMWBSJHFTLBEFS
U'PSTJLUJH
.JOJ)J'JBOMFHHFUNÇTUJMMFTPQQTMJLBU$%SPNTLVĒFOLBO
ÇQOFTVUFOIJOESJOHFS0WFOGPSNJOJ)J'JBOMFHHFUNÇEFUEFS
GPSWSFNJOTUώύDNQMBTTGPSÇÇQOF$%SPNTLVĒFO1BTT
EFSGPSQÇIWJTEVTUJMMFSPQQNJOJ)J'JBOMFHHFUJFUTLBQFMMFSJ
FOIZMMF

ɮ(KSFNJOJ)J'JBOMFHHFU

LMBSUUJMCSVL

ɮɧ1BLLFVULPNQPOFOUFOF

5BBMMFLPNQPOFOUFOFGPSTJLUJHVUBWGPSQBLOJOHFO)PMEBMMF
LPNQPOFOUFSBMMUJEGBTUNFECFHHFIFOEFS*LLFTMJQQLPN
QPOFOUFOFOFE&MMFSTLBOEFTLBEFTJSSFQBSBCFM

ɮɨ(KSFʵFSOLPOUSPMMFOLMBSUJMCSVL

 ªQOFCBUUFSJSPNNFUUJMѨFSOLPOUSPMMFO
""-3ɬ.JHOPO
.
3
 -FHHUPCBUUFSJFSBWUZQF""-3ϓ.JHOPOJOOJCBUUF
SJSPNNFU%JTTFFSJLLFJOLMVEFSUJMFWFSJOHTPNGBOHFU
1BTTQÇCBUUFSJFOFMFHHFTJOOTPNWJTUQÇCJMEFU
 -VLLCBUUFSJSPNNFUUJMѨFSOLPOUSPMMFOJHKFO

ɮɩ(KSFTUSNCSVEENJOOFUESJGUTLMBSU

.JOJ)J'JBOMFHHFUIBSFUTUSNCSVEENJOOF7FEESJѫTLMBSU
TUSNCSVEENJOOFCFIPMEFTJOOTUJMMJOHFOFQÇNJOJ)J'JBO
MFHHFUWFETUSNCSVEE%FUUFHKFMEFSMBHSFEFSBEJPLBOBMFS
JOOTUJMULMPLLFPHUJNFSGVOLTKPOFO4USNCSVEENJOOFUCF
TLZUUFSPHTÇJOOTUJMMJOHFOFEJOFOÇSOFUULBCFMFOUSFLLFTVUBW
TUJLLPOUBLUFO
E)FOWJTOJOH
)WJTJLLFTUSNCSVEENJOOFUFSESJѫTLMBSUTMFUUFTBMMFJOOTUJM
MJOHFOFEJOFWFETUSNCSVEE%FUUFHKFMEFSPHTÇIWJTOFUU
QMVHHFOUSFLLFTVUBWTUJLLPOUBLUFO