Page 1







&/EdZZ'/KE>/WEEd/^͘Z͘>͘ 

     

'h/^/Edd/>DK>>KϳϯϬͬϮϬϭϮ ;ĚƵƐŽĚĞůĚŝƉĞŶĚĞŶƚĞͿ

  ǁǁǁ͘ĐĂĨŝŶƚĞƌƌĞŐŝŽŶĂůĞ͘ŝƚ

          BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB1 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


  DŽĚĂůŝƚăĚŝƉƌĞƐĞŶƚĂnjŝŽŶĞĚĞůŵŽĚĞůůŽϳϯϬ Ϳ WƌĞĐŽŵƉŝůĂƚŽƐĞŶnjĂǀŝƐƚŽĚŝĐŽŶĨŽƌŵŝƚă •

^ĞŶnjĂďŝƐŽŐŶŽĚŝĂůůĞŐĂƌĞůĂĚŽĐƵŵĞŶƚĂnjŝŽŶĞĚŝƐƵƉƉŽƌƚŽƉĞƌƌĞĚĚŝƚŝĞĚŽŶĞƌŝ

͛ƉŽƐƐŝďŝůĞĐŽŵƉŝůĂƌĞŝůŵŽĚĞůůŽϳϯϬƵƚŝůŝnjnjĂŶĚŽŝůŵŽĚĞůůŽĞĚŝƚĂďŝůĞƐĐĂƌŝĐĂďŝůĞĚĂů ŶŽƐƚƌŽƐŝƚŽǁǁǁ͘ĐĂĨŝŶƚĞƌƌĞŐŝŽŶĂůĞ͘ŝƚ

Ϳ WƌĞĐŽŵƉŝůĂƚŽĐŽŶǀŝƐƚŽĚŝĐŽŶĨŽƌŵŝƚă •

DŽĚĞůůŽ ĐŽŶ ĂůůĞŐĂƚĂ ůĂ ĚŽĐƵŵĞŶƚĂnjŝŽŶĞ Ěŝ ƐƵƉƉŽƌƚŽ ĐŚĞ ǀĞƌƌă ǀĞƌŝĨŝĐĂƚĂ ĚĂů ĐĂĨ ƌĞŐŽůĂƌŝƚăĚĞůůĂĚŽĐƵŵĞŶƚĂnjŝŽŶĞ

͛ƉŽƐƐŝďŝůĞĐŽŵƉŝůĂƌĞŝůŵŽĚĞůůŽϳϯϬƵƚŝůŝnjnjĂŶĚŽŝůŵŽĚĞůůŽĞĚŝƚĂďŝůĞƐĐĂƌŝĐĂďŝůĞĚĂů ŶŽƐƚƌŽƐŝƚŽǁǁǁ͘ĐĂĨŝŶƚĞƌƌĞŐŝŽŶĂůĞ͘ŝƚ

Ϳ ŽŵƉŝůĂƚŽĚĂƵŶĞƐƉĞƌƚŽĐŽŶƌŝůĂƐĐŝŽĚĞůǀŝƐƚŽĚŝĐŽŶĨŽƌŵŝƚă

/ůƐĞƌǀŝnjŝŽĚŝĐŽŵƉŝůĂnjŝŽŶĞğƐǀŽůƚŽĚĂƵŶƉƌŽĨĞƐƐŝŽŶŝƐƚĂĞƐƉĞƌƚŽĨŝƐĐĂůĞŝŶĐĂƌŝĐĂƚŽĚĂů ĂĨ͘



BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB2 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


 >EKs/d͛>ϳϯϬͬϮϬϭϮ  • • •

• •

ĐĞĚŽůĂƌĞƐĞĐĐĂ͗ĂƉƉůŝĐĂnjŝŽŶĞĂŝƌĞĚĚŝƚŝĚŝůŽĐĂnjŝŽŶĞĚĞůů͛ĂŶŶŽϮϬϭϭ ĐŽŶƚƌŝďƵƚŽĚŝƐŽůŝĚĂƌŝĞƚă;ϯйƐƵůůĂƋƵŽƚĂĚŝƌĞĚĚŝƚŽĐŚĞĞĐĐĞĚĞŝϯϬϬ͘ϬϬϬƵƌŽͿ ůĂŶƵŽǀĂƐĞnjŝŽŶĞ///ͲĚĞůƋƵĂĚƌŽƉĞƌůĞƐƉĞƐĞĐŚĞŐŽĚŽŶŽĚĞůůĂĚĞƚƌĂnjŝŽŶĞĚĞů ϯϲй͕ĚŽǀƵƚĂĂůů͛ĞůŝŵŝŶĂnjŝŽŶĞĚĞůůĂĐŽŵƵŶŝĐĂnjŝŽŶĞĚŝŝŶŝnjŝŽůĂǀŽƌŝĂůĞŶƚƌŽŽƉĞƌĂƚŝǀŽ ĚŝWĞƐĐĂƌĂ͖ ŝůƋƵĂĚƌŽ/ĐŚĞĚĂƋƵĞƐƚ͛ĂŶŶŽğƌŝƐĞƌǀĂƚŽĂůů͛/Dh͕ĂŶnjŝĐŚĠĂůů͛//͖ ŝůŶƵŽǀŽƌŝƋƵĂĚƌŽŶĞůDŽĚ͘ϳϯϬͲϭƉĞƌĚĞƐƚŝŶĂƌĞŝůϱƉĞƌŵŝůůĞĂůůĂƚƵƚĞůĂ͕ƉƌŽŵŽnjŝŽŶĞ ĞǀĂůŽƌŝnjnjĂnjŝŽŶĞĚĞŝďĞŶŝĐƵůƚƵƌĂůŝĞƉĂĞƐĂŐŐŝƐƚŝĐŝ͘

YƵĂĚƌŽ YƵĂĚƌŽƌŝŐŽϭϱ YƵĂĚƌŽ ʹƌŝŐŚŝϱϭͲϱϯ ƋƵĂĚƌŽ/Ͳ/Dh DŽĚϳϯϬͲϭ



ƐƚĂƚĂĐŽŶĨĞƌŵĂƚĂůĂĚŽƉƉŝĂƐĐĂĚĞŶnjĂƉĞƌůĂƉƌĞƐĞŶƚĂnjŝŽŶĞ͕ ŽƐƐŝĂĞŶƚƌŽ͗ ¾ ŝůϯϬ͘Ϭϰ͘ϮϬϭϮ͕ƉĞƌĐŚŝƉƌĞƐĞŶƚĂŝůϳϯϬĂůƉƌŽƉƌŝŽƐŽƐƚŝƚƵƚŽĚ͛ŝŵƉŽƐƚĂ͖ ¾ ŝůϯϭ͘Ϭϱ͘ϮϬϭϮ͕ƉĞƌĐŚŝƉƌĞƐĞŶƚĂŝůϳϯϬĂĚƵŶĂĨŽƉƌŽĨĞƐƐŝŽŶŝƐƚĂĂďŝůŝƚĂƚŽ͘

 EŽŶƐŽŶŽƐƚĂƚĞƉƌŽƌŽŐĂƚĞĂůϮϬϭϭůĞĚĞƚƌĂnjŝŽŶŝĚŝŝŵƉŽƐƚĂƉĞƌ͗ 

ĂĐƋƵŝƐƚŽĚŝĨƌŝŐŽƌŝĨĞƌŝĞŵŽƚŽƌŝĐŽŶǀĂƌŝĂƚŽƌĞĚŝǀĞůŽĐŝƚă



>WZKZK',  ĞƚĂƐƐĂnjŝŽŶĞƐƵůůĞƐŽŵŵĞƉĞƌĐĞƉŝƚĞƉĞƌŝŶĐƌĞŵĞŶƚŽĚĞůůĂƉƌŽĚƵƚƚŝǀŝƚăĨŝŶŽĂϲ͘ϬϬϬĞƵƌŽ ůŽƌĚŝƉĞƌŝůϮϬϭϭ ĞƚƌĂnjŝŽŶĞƉĞƌŝůƉĞƌƐŽŶĂůĞĚĞůĐŽŵƉĂƌƚŽƐŝĐƵƌĞnjnjĂ͕ĚŝĨĞƐĂĞƐŽĐĐŽƌƐŽĞŶƚƌŽŝůůŝŵŝƚĞĚŝ ϭϰϵ͕ϱϬΦ

ƋƵĂĚƌŽͲ ƌŝŐŽϱ ƋƵĂĚƌŽͲ ƌŝŐŽϭϰ ƋƵĂĚƌŽͲ

ĞƚƌĂnjŝŽŶĞĚĞůϯϲйƉĞƌůĞƐƉĞƐĞĚŝƌŝƐƚƌƵƚƚƵƌĂnjŝŽŶĞĞĚŝůŝnjŝĂ

ƌŝŐŚŝĚĂϰϭĂ ϱϯ ƋƵĂĚƌŽͲ

ĞƚƌĂnjŝŽŶĞĚĞůϱϱйƉĞƌƐƉĞƐĞŝŶƚĞƌǀĞŶƚŝĨŝŶĂůŝnjnjĂƚŝĂůƌŝƐƉĂƌŵŝŽĞŶĞƌŐĞƚŝĐŽĚĞŐůŝĞĚŝĨŝĐŝ ĞƐŝƐƚĞŶƚŝ

ƌŝŐŚŝĚĂϲϭĂ ϲϯ



WZK /KhDEd/  /ĚŽĐƵŵĞŶƚŝǀĂŶŶŽĐŽŶƐĞŐŶĂƚŝƐŽůŽŝŶĐŽƉŝĂĞŶĞƐƐƵŶĚŽĐƵŵĞŶƚŽ͕ĂŶĐŚĞƐĞŽƌŝŐŝŶĂůĞ͕ǀĞƌƌă ƌĞƐƚŝƚƵŝƚŽ͘ >ĂĚŽĐƵŵĞŶƚĂnjŝŽŶĞŽƌŝŐŝŶĂůĞĚĞǀĞĞƐƐĞƌĞĐŽŶƐĞƌǀĂƚĂĚĂůĐŽŶƚƌŝďƵĞŶƚĞĨŝŶŽĂůϯϭĚŝĐĞŵďƌĞ ϮϬϭϲ͕ŝŶĐůƵƐŝŝĚŽĐƵŵĞŶƚŝƌĞůĂƚŝǀŝĂůůĞƌĂƚĞĂnjŝŽŶŝĚĞůϯϲйĞϱϱй͘  BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB3 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


>EK^dZ^E /ůĚŝƉĞŶĚĞŶƚĞĐŽŶƐĞŐŶĂĂůĂĨ ŝůŵŽĚĞůůŽϳϯϬĐŽŶŽƐĞŶnjĂǀŝƐƚŽĚŝĐŽŶĨŽƌŵŝƚă

ĞŶƚƌŽŝůϯϬĂƉƌŝůĞϮϬϭϮ͘

/ůĂĨĐŽŶƐĞŐŶĂĂůĚŝƉĞŶĚĞŶƚĞ ŝůŵŽĚĞůůŽϳϯϬƐĞŶnjĂǀŝƐƚŽ 

ĞŶƚƌŽŝůϯϭŵĂŐŐŝŽϮϬϭϮ

ŝůŵŽĚĞůůŽϳϯϬĐŽŶǀŝƐƚŽ

ĞŶƚƌŽŝůϭϱŐŝƵŐŶŽϮϬϭϮ



 /ůĂĨĞĨĨĞƚƚƵĂů͛ŝŶǀŝŽƚĞůĞŵĂƚŝĐŽĚĞůůĞĚŝĐŚŝĂƌĂnjŝŽŶŝĂůů͛ŐĞŶnjŝĂŶƚƌĂƚĞĞŶƚƌŽŝůϯϬŐŝƵŐŶŽϮϬϭϮ  /ůĚĂƚŽƌĞĚŝůĂǀŽƌŽĞůĂďŽƌĂĞƐĞŐƵĞŝĐŽŶŐƵĂŐůŝĚĂDŽĚϳϯϬĂƉĂƌƚŝƌĞĚĂůŵĞƐĞĚŝůƵŐůŝŽϮϬϭϮ 

ALCUNE ISTRUZIONI UTILI PER LA COMPILAZIONE DEL MODELLO 730 

&ZKEd^W//K&D/>/Z/Z/K  KD//>/K&/^>  ĂͿ^ĞŶŽŶƐŽŶŽŝŶƚĞƌǀĞŶƵƚĞǀĂƌŝĂnjŝŽŶŝĚŝƌĞƐŝĚĞŶnjĂ͕

ŝŶĚŝĐĂƌĞŝůĐŽŵƵŶĞĚŝƌĞƐŝĚĞŶnjĂŶĞůůĂƉƌŝŵĂ ƌŝŐĂ͞ĚŽŵŝĐŝůŝŽĨŝƐĐĂůĞĂůϬϭͬϬϭͬϮϬϭϭ͕͟

ďͿĂůƚƌŝŵĞŶƚŝĐŽŵƉŝůĂƌĞƚƵƚƚŝĞƚƌĞŝƌŝŐŚŝŶĞůƐĞŐƵĞŶƚĞŵŽĚŽ͗

ĚŽŵŝĐŝůŝŽĂů



ϬϭͬϬϭͬϮϬϭϭ ϯϭͬϭϮͬϮϬϭϭ

 ϬϮͬϭϭͬϮϬϭϬ

ŝŶĚŝĐĂƌĞŝůŶƵŽǀŽĚŽŵŝĐŝůŝŽƐĞůĂǀĂƌŝĂnjŝŽŶĞğĂǀǀĞŶƵƚĂĞŶƚƌŽŝů

ϬϭͬϬϭͬϮϬϭϮ

ϬϭͬϭϭͬϮϬϭϭ ϬϮͬϭϭͬϮϬϭϭ

 

&D/>/Z/Z/K  ŽŶŝƵŐĞ͕ĨŝŐůŝĞĂůƚƌŝĨĂŵŝůŝĂƌŝƐŽŶŽĂĐĂƌŝĐŽƐĞŚĂŶŶŽĐŽŶƐĞŐƵŝƚŽŶĞůů͛ĂŶŶŽƵŶƌĞĚĚŝƚŽŝŶĨĞƌŝŽƌĞĂϮ͘ϴϰϬ͕ϱϭƵƌŽ͘ EĞůůŝŵŝƚĞĚŝƌĞĚĚŝƚŽEKE^/KE^/ZEKůĞďŽƌƐĞĚŝƐƚƵĚŝŽĞƐĞŶƚŝ;ĂĚĞƐĞŵƉŝŽĐŽƌƌŝƐƉŽƐƚĞĚĂhŶŝǀĞƌƐŝƚă͕ĚĂůůĞ ZĞŐŝŽŶŝ͕ ĚĂů ƉƌŽŐƌĂŵŵĂ ^ŽĐƌĂƚĞƐ ͙͘ Ϳ͕ ůĞ ƌĞŶĚŝƚĞ /E/> ƉĞƌ ŝŶǀĂůŝĚŝƚă ;ĞƐĐůƵƐĂ  ů͛ŝŶĚĞŶŶŝƚă ŐŝŽƌŶĂůŝĞƌĂ ƉĞƌ ŝŶĂďŝůŝƚă ƚĞŵƉŽƌĂŶĞĂͿ͕ů͛ĂƐƐĞŐŶŽĚŝŵĂƚĞƌŶŝƚăĚŝĐƵŝĂůůĂ>ĞŐŐĞϰϵϴͬϵϴƉĞƌůĞĚŽŶŶĞEKEůĂǀŽƌĂƚƌŝĐŝ͘

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB4 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


e in generale, tutte quelle somme che non sono certificate da un CUD o da una certificazione di ritenute subite. 

ŽŶŝƵŐĞ

ZŝƉŽƌƚĂƌĞƐĞŵƉƌĞŝůĐŽĚŝĐĞĨŝƐĐĂůĞĚĞůĐŽŶŝƵŐĞĂŶĐŚĞƐĞŶŽŶĂĐĂƌŝĐŽ ŽŵƉŝůĂƌĞůĂĐĂƐĞůůĂŵĞƐŝƐŽůŽƐĞĂĐĂƌŝĐŽ

sĂůŽƌŝĚĂϭĂϭϮ

/ŶĚŝĐĂƌĞŝĨŝŐůŝƐŽůŽƐĞĂĐĂƌŝĐŽ ^ĞŝƌĞĚĚŝƚŝĚĞŝĐŽŶŝƵŐŝƐŝĞƋƵŝǀĂůŐŽŶŽ

ƌĞĚĚŝƚŽƉŝƶĞůĞǀĂƚŽ

&ŝŐůŝ ^ĞƵŶĐŽŶŝƵŐĞŚĂŝŵƉŽƐƚĂŝŶĐĂƉŝĞŶƚĞ ^ĞŝůĐŽŶŝƵŐĞğĂĐĂƌŝĐŽ ^ĞƉĂƌĂnjŝŽŶĞ Ͳ ŝǀŽƌnjŝŽ

ϱϬйŽϭϬϬйĂůĐŽŶŝƵŐĞĐŽŶ

ϭϬϬйĂůů͛ĂůƚƌŽ

ĨĨŝĚĂŵĞŶƚŽĐŽŶŐŝƵŶƚŽĨŝŐůŝ

ϱϬйĂĚĞŶƚƌĂŵďŝ

ĨĨŝĚĂŵĞŶƚŽĞƐĐůƵƐŝǀŽĨŝŐůŝ

ϭϬϬйĂůů͛ĂĨĨŝĚĂƚĂƌŝŽ

͛ƉŽƐƐŝďŝůĞƵŶĚŝǀĞƌƐŽĂĐĐŽƌĚŽƚƌĂŝŐĞŶŝƚŽƌŝŝŶĐĂƐŽĚŝŝŶĐĂƉŝĞŶnjĂŽĂƐƐĞŶnjĂĚŝƌĞĚĚŝƚŝ ĚĞůů͛ĂĨĨŝĚĂƚĂƌŝŽ͕ŵĂĐŽŶŽďďůŝŐŽĚŝƌŝǀĞƌƐĂŵĞŶƚŽĂůů͛ĂůƚƌŽŐĞŶŝƚŽƌĞĚĞůůĂĚĞƚƌĂnjŝŽŶĞĨƌƵŝƚĂ



Novità 2012 Nuova casella “Detrazione 100% affidamento figli”: la casella va barrata dal genitore separato/divorziato che usufruisce della detrazione per figli a carico nella misura del 100%  / ĐŝƚƚĂĚŝŶŝ ĞdžƚƌĂĐŽŵƵŶŝƚĂƌŝ ĐŚĞ ƌŝĐŚŝĞĚŽŶŽ ůĂ ĚĞƚƌĂnjŝŽŶĞ ƉĞƌ ĨĂŵŝůŝĂƌŝ Ă ĐĂƌŝĐŽ ĚĞǀŽŶŽ ĞƐƐĞƌĞ ŝŶ ƉŽƐƐĞƐƐŽ Ěŝ ŝĚŽŶĞĂ ĚŽĐƵŵĞŶƚĂnjŝŽŶĞ ĂƚƚĞƐƚĂŶƚĞ ůŽ ƐƚĂƚŽ Ěŝ ĨĂŵŝŐůŝĂ͕  ƚƌĂĚŽƚƚĂ ĞĚ ĂƐƐĞǀĞƌĂƚĂ ĚĂů ŽŶƐŽůĂƚŽ ŝƚĂůŝĂŶŽ Ž ĚĂů ƉƌĞĨĞƚƚŽ ĐŽŵƉĞƚĞŶƚĞ͘

  YhZK͗Z/d//dZZE/

 ^ĞůĂƐŝƚƵĂnjŝŽŶĞŶŽŶğǀĂƌŝĂƚĂŝĚĂƚŝƉŽƐƐŽŶŽĞƐƐĞƌĞƌŝůĞǀĂƚŝĚĂůDŽĚ͘ϳϯϬͬϮϬϭϭ͘ ^ĞŝĚĂƚŝƐŽŶŽƌŝůĞǀĂƚŝĚĂhE/KϮϬϭϭŝƌĞĚĚŝƚŝĚŽŵŝŶŝĐĂůĞĞĂŐƌĂƌŝŽǀĂŶŶŽŝŶĚŝĐĂƚŝĂůŶĞƚƚŽĚĞůůĞƌŝƐƉĞƚƚŝǀĞƌŝǀĂůƵƚĂnjŝŽŶŝ ;ϴϬйĞϳϬйͿ͘/ŶĐĂƐŽĚŝǀĂƌŝĂnjŝŽŶŝ͕ŽƐĞŝĚĂƚŝĚŝƐƉŽŶŝďŝůŝŶŽŶƐŽŶŽƌĞĐĞŶƚŝ͕ĐŚŝĞĚĞƌĞƵŶĂǀŝƐƵƌĂĐĂƚĂƐƚĂůĞŝŶĐŽŵƵŶĞŽ Ăůů͛hĨĨŝĐŝŽĂƚĂƐƚŽ͘ 

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB5 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY




YhZK͗Z/d//&Z/d/  /ĐŽĚŝĐŝƉŝƶƌŝĐŽƌƌĞŶƚŝ ŽĚŝĐĞ

ĞƐĐƌŝnjŝŽŶĞ

ŽƐĂŝŶĚŝĐĂƌĞŝŶϳϯϬ

dĂƐƐĂnjŝŽŶĞ

ϭ

ďŝƚĂnjŝŽŶĞƉƌŝŶĐŝƉĂůĞ;ƌĞƐŝĚĞŶnjĂͿ

ϱ

WĞƌƚŝŶĞŶnjĂĂď͘ƉƌŝŶĐŝƉĂůĞ;Ždž͕ĂŶƚŝŶĞ͘͘Ϳ

/ŶĚŝĐĂƌĞůĂ

EŽŶƚĂƐƐĂƚĂ

Ϯ

^ĞĐŽŶĚĞĐĂƐĞ;ŝŵŵŽďŝůŝĂĚŝƐƉŽƐŝnjŝŽŶĞ͕ƐĨŝƚƚŝͿ

ZĞŶĚŝƚĂĐĂƚĂƐƚĂůĞ

ϱйнϭͬϯ

ϭϭ

WĞƌƚŝŶĞŶnjĂƐĞĐŽŶĚĞĐĂƐĞ

ĂŐŐŝŽƌŶĂƚĂĐŽŵĞĚĂǀŝƐƵƌĂ

ϵ

ůƚƌŝĐĂƐŝ;ĞƐ͘ĐĂƐĞƉƌŝǀĞĚŝĂůůĂĐĐŝĂŵĞŶƚŝͿ

ĐĂƚĂƐƚĂůĞŽĂƚƚŽŶŽƚĂƌŝůĞ

ϭϬ

/ŵŵŽďŝůĞĚĂƚŽŝŶĐŽŵŽĚĂƚŽĂŝĨĂŵŝůŝĂƌŝ

ϯ

/ŵŵŽďŝůĞůŽĐĂƚŽĂůŝďĞƌŽŵĞƌĐĂƚŽŽƉĂƚƚŝŝŶĚĞƌŽŐĂ

EŽŶƚĂƐƐĂƚĂ

нϱй

ŝŶĐŽůŽŶŶĂϲŝŶĚŝĐĂƌĞŝůĐĂŶŽŶĞĚŝůŽĐĂnjŝŽŶĞ ƌŝĚŽƚƚŽĚĞůůĂйĚŝĚĞƚƌĂnjŝŽŶĞĨŽƌĨĞƚĂƌŝĂĚĞůϭϱй; ϮϱйƐĞĂsĞŶĞnjŝĂͿŽŝůϭϬϬйĚĞůĐĂŶŽŶĞƐĞƐŝ ŽƉƚĂƉĞƌůĂĐĞĚŽůĂƌĞƐĞĐĐĂ

ϴ

/ŵŵŽďŝůĞůŽĐĂƚŽĐŽŶĐŽŶƚƌĂƚƚŽĐŽŶǀĞŶnjŝŽŶĂůĞ ^K>KŝĐŽŶƚƌĂƚƚŝƐƚŝƉƵůĂƚŝĞdž>ĞŐŐĞϰϯϭͬϵϴ Ăƌƚ͘ϮĐŽŵŵĂϯĞĂƌƚ͘ϱĐŽŵŵĂϮ

hůƚĞƌŝŽƌĞ 

ĂďďĂƚƚŝŵĞŶƚŽĚĞů ϯϬйĞĨĨĞƚƚƵĂƚŽ ĚĂůĂĨ

 ^ĞůĂƐŝƚƵĂnjŝŽŶĞŶŽŶğǀĂƌŝĂƚĂŝĚĂƚŝƉŽƐƐŽŶŽĞƐƐĞƌĞƌŝůĞǀĂƚŝĚĂůƋƵĂĚƌŽĚĞůDŽĚ͘ϳϯϬͬϮϬϭϭ͘ ^ĞŝĚĂƚŝƐŽŶŽƌŝůĞǀĂƚŝĚĂůƋƵĂĚƌŽZĚĞůDŽĚĞůůŽhE/KϮϬϭϭŝŶĚŝĐĂƌĞůĂƌĞŶĚŝƚĂĐĂƚĂƐƚĂůĞĂůŶĞƚƚŽĚĞůůĂƌŝǀĂůƵƚĂnjŝŽŶĞ ĚĞůϱй͘/ŶĐĂƐŽĚŝǀĂƌŝĂnjŝŽŶŝ͕ŽƐĞŝĚĂƚŝĚŝƐƉŽŶŝďŝůŝŶŽŶƐŽŶŽƌĞĐĞŶƚŝ͕ƵƚŝůŝnjnjĂƌĞƵŶĂǀŝƐƵƌĂĐĂƚĂƐƚĂůĞ͘ ¾ EŽǀŝƚăϮϬϭϮŽůŽŶŶĂϱĐŽĚŝĐĞĐĂŶŽŶĞ /ŶĚŝĐĂƌĞŝůĐŽĚŝĐĞĐŽƌƌĞƚƚŽĐŚĞŝŶĚŝĐĂƋƵĂůĞğƐƚĂƚĂůĂƌŝĚƵnjŝŽŶĞĚĞůĐĂŶŽŶĞĚŝůŽĐĂnjŝŽŶĞŝŶĚŝĐĂƚŽ ŝŶĐŽůŽŶŶĂϲ͗

ϭƉĞƌŝŶĚŝĐĂƌĞĐŚĞŝůĐĂŶŽŶĞğĚŝĐŚŝĂƌĂƚŽŶĞůůĂŵŝƐƵƌĂĚĞů͛ϴϱй ϮƉĞƌŝŶĚŝĐĂƌĞĐŚĞŝůĐĂŶŽŶĞğĚŝĐŚŝĂƌĂƚŽŶĞůůĂŵŝƐƵƌĂĚĞůϳϱй;ŝŵŵŽďŝůŝ ĚŝsĞŶĞnjŝĂ͘͘Ϳ ϯƉĞƌŝŶĚŝĐĂƌĞĐŚĞŝůĐĂŶŽŶĞğĚŝĐŚŝĂƌĂƚŽŶĞůůĂŵŝƐƵƌĂĚĞůϭϬϬй͗ƐŽůŽŝŶ ĐĂƐŽĚŝŽƉnjŝŽŶĞƉĞƌů͛ĂƉƉůŝĐĂnjŝŽŶĞĚĞůůĂĐĞĚŽůĂƌĞƐĞĐĐĂ

¾ EŽǀŝƚăϮϬϭϮŽůŽŶŶĂϭϭŽƉnjŝŽŶĞƉĞƌĞĚŽůĂƌĞƐĞĐĐĂ >Ă ŶƵŽǀĂ ƚĂƐƐĂnjŝŽŶĞ ĚĞůůĞ ůŽĐĂnjŝŽŶŝ ĚĞĐŽƌƌĞ ĚĂů ϮϬϭϭ Ğ ƌŝŐƵĂƌĚĂ ƐŽůŽ Őůŝ ŝŵŵŽďŝůŝ Ğ ůĞ ƌĞůĂƚŝǀĞ ƉĞƌƚŝŶĞŶnjĞ ůŽĐĂƚŝ Ă ĨŝŶŝ ĂďŝƚĂƚŝǀŝ ͘ >Ă ĐĞĚŽůĂƌĞ ƐĞĐĐĂ ƐŽƐƚŝƚƵŝƐĐĞ ůĞ ƐĞŐƵĞŶƚŝ ŝŵƉŽƐƚĞ͗ ŝƌƉĞĨ͕ ĂĚĚŝnjŝŽŶĂůĞƌĞŐŝŽŶĂůĞĞĐŽŵƵŶĂůĞ͕ŝŵƉŽƐƚĂĚŝƌĞŐŝƐƚƌŽĞŝŵƉŽƐƚĂĚŝďŽůůŽ͘WĞƌŵĂŐŐŝŽƌŝŝŶĨŽƌŵĂnjŝŽŶŝ ǀŝƐŝƚĂƌĞŝůŶŽƐƚƌŽƐŝƚŽǁǁǁ͘ĐĂĨŝŶƚĞƌƌĞŐŝŽŶĂůĞ͘ŝƚ 

 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB6 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


 YhZK͗Z/dK/>sKZK/WEEd^^/D/>dK  ZĞĚĚŝƚŽ ŽůŽŶŶĂϭ ŽĚŝĐĞĐŚĞŝĚĞŶƚŝĨŝĐĂŝůƚŝƉŽĚŝƌĞĚĚŝƚŽ

ZŝŐŚŝ ϭͲϯ

ŽůŽŶŶĂϮ ŽĚŝĐĞƉĞƌŝŶĚŝĐĂƌĞŝůƚŝƉŽ ĚŝĐŽŶƚƌĂƚƚŽĂƚĞŵƉŽ͗

ϭƐĞĚĂƉĞŶƐŝŽŶĞ ϮƐĞĚĂůĂǀ͘ŝƉĞŶĚĞŶƚĞͬĂƐƐŝŵŝůĂƚŽ ϯƐĞĚĂůĂǀŽƌŝƐŽĐŝĂůŵĞŶƚĞƵƚŝůŝ

ϭƚĞŵƉŽ/ŶĚĞƚĞƌŵŝŶĂƚŽ ϮĂƚĞŵƉŽĚĞƚĞƌŵŝŶĂƚŽ

ZĞĚĚŝƚŽ

ϭ͗/ŶĚŝĐĂƌĞŝůƉƵŶƚŽϭĚĞů ƉƌŝŵŽhϮϬϭϮ ϮͲϯ͗ƉĞƌƌĞĚĚŝƚŝĂůƚƌŝh

  'ŝŽƌŶŝƉĞƌŝƋƵĂůŝƐƉĞƚƚĂŶŽůĞĚĞƚƌĂnjŝŽŶŝ 'ŝŽƌŶŝĚŝůĂǀŽƌŽĚŝƉĞŶĚĞŶƚĞ ϰ 'ŝŽƌŶŝĚŝƉĞŶƐŝŽŶĞ

^ŽŵŵĂĚĞŝƉƵŶƚŝϯĚĞŝh ^ŽŵŵĂĚĞŝƉƵŶƚŝϰĚĞŝh

 ZŝƚĞŶƵƚĞ

ZŝŐŽĚĞůϳϯϬͬϮϬϭϮ

/ZW& ĚĚŝnjŝŽŶĂůĞZĞŐŝŽŶĂůĞ ĐĐŽŶƚŽĚĚŝnjŝŽŶĂůĞŽŵƵŶĂůĞϮϬϭϭ ^ĂůĚŽĚĚŝnjŝŽŶĂůĞŽŵƵŶĂůĞϮϬϭϭ ĐĐŽŶƚŽĚĚŝnjŝŽŶĂůĞŽŵƵŶĂůĞϮϬϭϮ

ϵ ϭϬ ϭϭ ϭϮ ϭϯ

ŽƌƌŝƐƉŽŶĚĞŶƚĞƉƵŶƚŽĚĞů hϮϬϭϮ ^ŽŵŵĂĚĞŝƉƵŶƚŝϱĚĞŝh ^ŽŵŵĂĚĞŝƉƵŶƚŝϲĚĞŝh ^ŽŵŵĂĚĞŝƉƵŶƚŝϭϬĚĞŝh ^ŽŵŵĂĚĞŝƉƵŶƚŝϭϭĚĞŝh ^ŽŵŵĂĚĞŝƉƵŶƚŝϭϯĚĞŝh



^ŽŵŵĞƉĞƌŝŶĐƌĞŵĞŶƚŽĚĞůůĂƉƌŽĚƵƚƚŝǀŝƚăĐŽƌƌŝƐƉŽƐƚĞŶĞůϮϬϭϭ͗ZŝŐŽϱ /ŶĚŝĐĂƌĞ ůĞ ƐŽŵŵĞ ƉĞƌĐĞƉŝƚĞ ƉĞƌ ŝŶĐƌĞŵĞŶƚŝ ĚĞůůĂ ƉƌŽĚƵƚƚŝǀŝƚă Ͳ ŶĞů ůŝŵŝƚĞ ĐŽŵƉůĞƐƐŝǀŽ Ěŝ ϲ͘ϬϬϬ ĞƵƌŽ ůŽƌĚŝ Ěŝ ƌĞĚĚŝƚŽƉĞƌĐĞƉŝƚŽͲĐŚĞŝůĚĂƚŽƌĞĚŝůĂǀŽƌŽŚĂĂƐƐŽŐŐĞƚƚĂƚŽĂĚƵŶĂŝŵƉŽƐƚĂƐŽƐƚŝƚƵƚŝǀĂĚŝ/ƌƉĞĨĞĂĚĚŝnjŝŽŶĂůŝĚĞů ϭϬй͘ >Ă ŵŝƐƵƌĂ ĂŐĞǀŽůĂƚŝǀĂ ğ ƌŝƐĞƌǀĂƚĂ Ăŝ ƐŽůŝ ůĂǀŽƌĂƚŽƌŝ ĚŝƉĞŶĚĞŶƚŝ ĚĞů ƐĞƚƚŽƌĞ ƉƌŝǀĂƚŽ͕ ƚŝƚŽůĂƌŝ Ěŝ ĐŽŶƚƌĂƚƚŽ Ěŝ ůĂǀŽƌŽƐƵďŽƌĚŝŶĂƚŽŝůĐƵŝƌĞĚĚŝƚŽŶĞůů͛ĂŶŶŽϮϬϭϬĚĂůĂǀŽƌŽĚŝƉĞŶĚĞŶƚĞ͕ŝŶĐůƵƐĞůĞƐŽŵŵĞĂƐƐŽŐŐĞƚƚĂƚĞĂŝŵƉŽƐƚĂ ƐŽƐƚŝƚƵƚŝǀĂ͕ŶŽŶğƐƚĂƚŽƐƵƉĞƌŝŽƌĞĂϰϬ͘ϬϬϬĞƵƌŽůŽƌĚŝ͘ >ĂĐŽŵƉŝůĂnjŝŽŶĞğŽďďůŝŐĂƚŽƌŝĂƐĞ͗ ϭ͘ EĞůů͛ĂŶŶŽ ƐŽŶŽ ƐƚĂƚŝ ƉĞƌĐĞƉŝƚŝ ƌĞĚĚŝƚŝ ĚĂ Ɖŝƶ ĚĂƚŽƌŝ Ěŝ ůĂǀŽƌŽ Ğ ůĂ ƐŽŵŵĂ ĚĞŝ ƉƵŶƚŝ Ϯϱϭ Ğ Ϯϱϱ Ěŝ ƚƵƚƚŝ ŝ hϮϬϭϮƐƵƉĞƌĂŝϲ͘ϬϬϬĞƵƌŽĞŶŽŶǀŝğƐƚĂƚŽŝůĐŽŶŐƵĂŐůŝŽĨŝŶĂůĞ͕ Ϯ͘ Đ͛ğ ƐƚĂƚŽ ƵŶ ĞƌƌŽƌĞ ĚĞů ĚĂƚŽƌĞ Ěŝ ůĂǀŽƌŽ ĐŚĞ ŚĂ ĂƐƐŽŐŐĞƚƚĂƚŽ Ă ŝŵƉŽƐƚĂ ƐŽƐƚŝƚƵƚŝǀĂ ƵŶ ŝŵƉŽƌƚŽ ƐƵƉĞƌŝŽƌĞ Ă ϲ͘ϬϬϬĞƵƌŽ͗ƐŽŵŵĂĚĞŐůŝŝŵƉŽƌƚŝŝŶĚŝĐĂƚŝĂŝƉƵŶƚŝϮϱϭĞϮϱϱĚĞůů͛ƵŶŝĐŽhϮϬϭϮхϲ͘ϬϬϬĞƵƌŽ /ŶƋƵĞƐƚŝĐĂƐŝŝůƌŝŐŽƐŝĐŽŵƉŝůĂĐŽƐŞ͗ ŽůŽŶŶĂϮÆƉƵŶƚŽϮϱϭĚĞůhϮϬϭϮ ŽůŽŶŶĂϯÆƉƵŶƚŽϮϱϮĚĞůhϮϬϭϮ ŽůŽŶŶĂϱÆƉƵŶƚŽϮϱϱĚĞůhϮϬϭϮ ŽůŽŶŶĂϳ͞dĂƐƐĂnjŝŽŶĞƐŽƐƚŝƚƵƚŝǀĂ͟ďĂƌƌĂƚĂƉĞƌĐŽŶĨĞƌŵĂƌĞů͛ĂƉƉůŝĐĂnjŝŽŶĞĚĞůů͛ŝŵƉŽƐƚĂ ƐŽƐƚŝƚƵƚŝǀĂĨŝŶŽĂŝϲ͘ϬϬϬĞƵƌŽ͘ ϯ͘ ŝ ĐŽŵƉĞŶƐŝ ƐŽŶŽ ƐƚĂƚŝ ĂƐƐŽŐŐĞƚƚĂƚŝ Ă ŝŵƉŽƐƚĂ ƐŽƐƚŝƚƵƚŝǀĂ ͕ ŵĂ ŶŽŶ Đ͛ĞƌĂ ŝů ƌĞƋƵŝƐŝƚŽ ƌĞĚĚŝƚƵĂůĞ ƉĞƌ ĂǀĞƌĞ ĚŝƌŝƚƚŽĂůůĂƚĂƐƐĂnjŝŽŶĞĂŐĞǀŽůĂƚĂ͗ŝůůĂǀŽƌĂƚŽƌĞŶĞůů͛ĂŶŶŽϮϬϭϬĂǀĞǀĂƉĞƌĐĞƉŝƚŽƵŶƌĞĚĚŝƚŽĚŝůĂǀŽƌŽĚŝƉĞŶĚĞŶƚĞ ƐƵƉĞƌŝŽƌĞĂϰϬ͘ϬϬϬĞƵƌŽ͘ /ŶƋƵĞƐƚŽĐĂƐŽŝůƌŝŐŽƐŝĐŽŵƉŝůĂĐŽƐŞ͗ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB7 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


ŽůŽŶŶĂϮÆƉƵŶƚŽϮϱϭĚĞůhϮϬϭϮ ŽůŽŶŶĂϯÆƉƵŶƚŽϮϱϮĚĞůhϮϬϭϮ ŽůŽŶŶĂϱÆƉƵŶƚŽϮϱϱĚĞůhϮϬϭϮ ŽůŽŶŶĂϲ͞dĂƐƐĂnjŝŽŶĞŽƌĚŝŶĂƌŝĂ͟ďĂƌƌĂƚĂƉĞƌĂƐƐŽŐŐĞƚƚĂƌĞůĞƐŽŵŵĞĂƚĂƐƐĂnjŝŽŶĞ ŽƌĚŝŶĂƌŝĂ >Ă ĐŽŵƉŝůĂnjŝŽŶĞ ğ ĨĂĐŽůƚĂƚŝǀĂ ƐĞ ŝ ĐŽŵƉĞŶƐŝ ƉĞƌĐĞƉŝƚŝ ĚĂů ĚŝĐŚŝĂƌĂŶƚĞ͕ ƉƵƌ ĂǀĞŶĚŽŶĞ ĚŝƌŝƚƚŽ͕ ŶŽŶ ƐŽŶŽ ƐƚĂƚŝ ĂƐƐŽŐŐĞƚƚĂƚŝ ĚĂů ĚĂƚŽƌĞ Ěŝ ůĂǀŽƌŽ Ă ŝŵƉŽƐƚĂ ƐŽƐƚŝƚƵƚŝǀĂ͕ ďĞŶƐŞ Ă ƚĂƐƐĂnjŝŽŶĞ ŽƌĚŝŶĂƌŝĂ͖ ƋƵĞƐƚĂ ƐŝƚƵĂnjŝŽŶĞ ğ ƌŝůĞǀĂďŝůĞĂŝƉƵŶƚŝϮϱϭĞϮϱϰĞŶĞůůĞŶŶŽƚĂnjŝŽŶŝĚĞůhϮϬϭϮ͘ /ŶƋƵĞƐƚŽĐĂƐŽ͕ƐĞƐŝĚĞƐŝĚĞƌĂů͛ĂƉƉůŝĐĂnjŝŽŶĞĚĞůů͛ŝŵƉŽƐƚĂƐŽƐƚŝƚƵƚŝǀĂ͕ŝůƌŝŐŽƐŝĐŽŵƉŝůĂĐŽƐŞ͗ ŽůŽŶŶĂϭÆƉƵŶƚŽϮϱϭĚĞůhϮϬϭϮ ŽůŽŶŶĂϱÆƉƵŶƚŽϮϱϱĚĞůhϮϬϭϮ ŽůŽŶŶĂϳ͞dĂƐƐĂnjŝŽŶĞƐŽƐƚŝƚƵƚŝǀĂ͟ďĂƌƌĂƚĂƉĞƌĂƐƐŽŐŐĞƚƚĂƌĞůĞƐŽŵŵĞĂƚĂƐƐĂnjŝŽŶĞ ƐŽƐƚŝƚƵƚŝǀĂ EŽǀŝƚăϮϬϭϮʹZŝŐŽϭϱĐŽŶƚƌŝďƵƚŽĚŝƐŽůŝĚĂƌŝĞƚă /ŶƚĞƌĞƐƐĂŝĐŽŶƚƌŝďƵĞŶƚŝĐŽŶƌĞĚĚŝƚŽĐŽŵƉůĞƐƐŝǀŽŵĂŐŐŝŽƌĞĂϯϬϬ͘ϬϬϬĞƵƌŽ͘ ŽůŽŶŶĂϭ ZĞĚĚŝƚŽĂƐƐŽŐŐĞƚƚĂƚŽĚĂůĚĂƚŽƌĞĚŝůĂǀŽƌŽ ƉƵŶƚŽϭϯϰhϮϬϭϮ ŽůŽŶŶĂϮ ŽŶƚƌŝďƵƚŽĚŝƐŽůŝĚĂƌŝĞƚăƚƌĂƚƚĞŶƵƚŽ

ƉƵŶƚŽϭϯϲhϮϬϭϮ

 YhZK͗>dZ/Z/d/  ^/KE/͗Z/d//W/d>͕>sKZKhdKEKDKZ/d//sZ^/

KhDEd/KE >>'Z

Z/'Kϭ Zd/&//KE / /s/E/ Z/sEd/  WZd/W/KE/ / EdhZ Yh>/&/d K / EdhZEKEYh>/&/dD/E^K/d^dZZ^/Ed//EW^/&/^>/dWZ/s/>'/d Z/'KϮ>dZ/Z/d//W/d> Z/'KϯZ/d//>sKZKhdKEKDKEKEWZK&^^/KE>;ĞƐ͗ĚŝƌŝƚƚŝĚ͛ĂƵƚŽƌĞͿŝŶĚŝĐĂƌĞ

ĞƌƚŝĨŝĐĂnjŝŽŶŝƌĞůĂƚŝǀĞ ĂŐůŝƵƚŝůŝƉĞƌĐĞƉŝƚŝ ů͛ŝŵƉŽƌƚŽ ůŽƌĚŽ ƉĞƌĐĞƉŝƚŽ ͗ ůĞ ƌŝĚƵnjŝŽŶĞ ĨŽƌĨĞƚĂƌŝĞ ƐƉĞƚƚĂŶƚŝ ƉĞƌ ůĞŐŐĞ ƐĂƌĂŶŶŽ ŶĞůůΖĂŶŶŽ͘  ŽƉĞƌĂƚĞĚŝƌĞƚƚĂŵĞŶƚĞĚĂůĂĨ  Z/'KϰZ/d//sZ^/;^͗͘/DDK/>/>>͛^dZKͿ ĞƌƚŝĨŝĐĂnjŝŽŶĞƌŝůĂƐĐŝĂƚĂ Z/'KϱZ/d//sZ^/KE/Z/ddK>>dZ/KE ĚĂůƐŽŐŐĞƚƚŽ ĐŚĞŚĂĞƌŽŐĂƚŽůĞ /ŶĐŽůŽŶŶĂϭŝŶĚŝĐĂƌĞŝůƚŝƉŽĚŝƌĞĚĚŝƚŽ͗ ƐŽŵŵĞĚŝĐŚŝĂƌĂƚĞ ϭƉĞƌƌĞĚĚŝƚŝĚĂĂƚƚŝǀŝƚăĐŽŵŵĞƌĐŝĂůĞŶŽŶĞƐĞƌĐŝƚĂƚĂĂďŝƚƵĂůŵĞŶƚĞ  ϮƉĞƌƌĞĚĚŝƚŝĚĂĂƚƚŝǀŝƚăĚŝůĂǀŽƌŽĂƵƚŽŶŽŵŽŽĐĐĂƐŝŽŶĂůĞ͘

^/KE//͗Z/d/^K''dd/d^^/KE^WZd Z/'Kϲ͗Z/d/WZW/d/Z/>'dZ/ Z/'Kϳ͗/DWK^dKEZ/Z/DKZ^d/E>ϮϬϭϭ>dZ/Z/d/d^^/KE^WZd

  YhZK͗KEZ/ EĞůƋƵĂĚƌŽǀĂŶŶŽĐŽŵƉƌĞƐĞĂŶĐŚĞůĞƐƉĞƐĞŝŶĚŝĐĂƚĞŶĞůhƉĞƌŽŶĞƌŝĚĞƚƌĂŝďŝůŝƉĞƌŝƋƵĂůŝŝůƐŽƐƚŝƚƵƚŽŚĂƌŝĐŽŶŽƐĐŝƵƚŽ BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB8 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


ůĂĚĞƚƌĂnjŝŽŶĞŝŶĚŝĐĂƚŝĂůƉƵŶƚŽϭϮϴĚĞůhϮϬϭϮ;ĚŝĐŚŝĂƌĂƌĞƋƵĂŶƚŽŝŶĚŝĐĂƚŽŶĞůƌŝƋƵĂĚƌŽŶŶŽƚĂnjŝŽŶŝĚĞůŵŽĚĞůůŽͿ͘ >ĞƐĞŐƵĞŶƚŝƐƉĞƐĞƉŽƐƐŽŶŽĞƐƐĞƌĞĚĞƚƌĂƚƚĞĂŶĐŚĞƐĞƐŽƐƚĞŶƵƚĞƉĞƌĨĂŵŝůŝĂƌŝĨŝƐĐĂůŵĞŶƚĞĂĐĂƌŝĐŽ͗ƐƉĞƐĞƐĂŶŝƚĂƌŝĞ;ƌŝŐŚŝ ϭͲϯ͕ϮϱͿ͕ůĞĂƐƐŝĐƵƌĂnjŝŽŶŝ;ϭϮͿ͕ůĞƐƉĞƐĞĚŝŝƐƚƌƵnjŝŽŶĞ;ϭϯͿ͕ůĞƐƉĞƐĞƉĞƌĂƚƚŝǀŝƚăƐƉŽƌƚŝǀĞĚĞŝƌĂŐĂnjnjŝ;ϭϲͿ͕ůĞƐƉĞƐĞ ƉĞƌĐĂŶŽŶŝĚŝůŽĐĂnjŝŽŶĞƉĞƌƐƚƵĚĞŶƚŝĨƵŽƌŝƐĞĚĞ;ϭϳͲϭϵĐŽĚŝĐĞϭϴͿ͕ƌŝƐĐĂƚƚŽĂŶŶŝĚŝůĂƵƌĞĂ;ϭϳͲϭϵĐŽĚŝĐĞϯϮͿ 'ůŝŝŶƚĞƌĞƐƐŝƉĂƐƐŝǀŝƐƵŵƵƚƵŽĚĞůƐŽůŽƌŝŐŽϳ͕ŝŶĐĂƐŽĚŝŵƵƚƵŽĐŽŝŶƚĞƐƚĂƚŽ͕ƉŽƐƐŽŶŽĞƐƐĞƌĞĚĞƚƌĂƚƚŝƉĞƌŝŶƚĞƌŽƐĞŝů ĐŽŶŝƵŐĞğĨŝƐĐĂůŵĞŶƚĞĂĐĂƌŝĐŽ͘ 

^W^^E/dZ/ /ŶĚŝĐĂƌĞůĂƐƉĞƐĂƐŽƐƚĞŶƵƚĂƉĞƌů͛ŝŶƚĞƌŽŝŵƉŽƌƚŽ͗ůĂĨƌĂŶĐŚŝŐŝĂĚŝϭϮϵΦğĐĂůĐŽůĂƚĂĚĂů&

>/D/d ϭ

ƉƌŽƉƌŝĞĚĞů ĐŽŶƚƌŝďƵĞŶƚĞ

Ϯ

ƉĞƌĨĂŵŝůŝĂƌŝ EKEĂ ĐĂƌŝĐŽ

ϯ

ƉĞƌĚŝƐĂďŝůŝ

ϰ

ǀĞŝĐŽůŝƉĞƌ ĚŝƐĂďŝůŝ

ϲ

ƌĂƚĞĂnjŝŽŶĞ

/ŶĚŝĐĂƌĞŝŶŽůŽŶŶĂϮůĞƐƉĞƐĞ ƐĂŶŝƚĂƌŝĞŐĞŶĞƌŝĐŚĞĚĞůĐŽŶƚƌŝďƵĞŶƚĞ ĞĚĞŝƉƌŽƉƌŝĐĂƌŝĐŚŝĚŝĨĂŵŝŐůŝĂ

/ŶŽůŽŶŶĂϭůĞƐŽůĞƐƉĞƐĞƉĞƌƉĂƚŽůŽŐŝĞĞƐĞŶƚŝ ĐŚĞĐŽŶƐĞŶƚŽŶŽůĂĚĞƚƌĂnjŝŽŶĞĂĚĂůƚƌŽĨĂŵŝůŝĂƌĞ ŝŶĐĂƐŽĚŝŝŶĐĂƉŝĞŶnjĂ

&ƌĂŶĐŚŝŐŝĂ ΦϭϮϵ͕ϭϭ

 

/ŶĚŝĐĂƌĞůĞƐƉĞƐĞƐĂŶŝƚĂƌŝĞƉĞƌƐŽůĞƉĂƚŽůŽŐŝĞĞƐĞŶƚŝĐŚĞŶŽŶŚĂŶŶŽƚƌŽǀĂƚŽĐĂƉŝĞŶnjĂ ŶĞůů͛ŝŵƉŽƐƚĂĚĞůĨĂŵŝůŝĂƌĞƌŝƐƵůƚĂŶƚĞĚĂůϳϯϬͲϯŽZEĚŝhŶŝĐŽĚĞůůŽƐƚĞƐƐŽ ^ƉĞƐĞĚŝĂĐĐŽŵƉĂŐŶĂŵĞŶƚŽ͕ĚĞĂŵďƵůĂnjŝŽŶĞ͕ůŽĐŽŵŽnjŝŽŶĞ͕ƐŽůůĞǀĂŵĞŶƚŽ͕ƚƌĂƐƉŽƌƚŽŝŶ ĂŵďƵůĂŶnjĂĞƐƵƐƐŝĚŝƚĞĐŶŝĐŽͲŝŶĨŽƌŵĂƚŝĐŝĚŝŝŶǀĂůŝĚŝĞdžĂƌƚϯ>ϭϬϰͬϭϵϵϮ͕ŽƌŝĐŽŶŽƐĐŝƵƚŝ ŝŶǀĂůŝĚŝĚĂĂůƚƌĞĐŽŵŵŝƐƐŝŽŶŝŵĞĚŝĐŚĞƉƵďďůŝĐŚĞ ^ƉĞƐĞƉĞƌĂĐƋƵŝƐƚŽĞŵĂŶƵƚĞŶnjŝŽŶĞƐƚƌĂŽƌĚŝŶĂƌŝĂĚŝǀĞŝĐŽůŝŽŵŽƚŽǀĞŝĐŽůŝĂĚĂƚƚĂƚŝƉĞƌ ĚŝƐĂďŝůŝĞdž>ϭϬϰͬϭϵϵϮŽĂůƚƌĞĐŽŵŵŝƐƐŝŽŶŝĞŝŶƚĂůƵŶŝĐĂƐŝĂŶĐŚĞŶŽŶĂĚĂƚƚĂƚŝ;ŶŽŶǀĞĚĞŶƚŝ͕ ƐŽƌĚŽŵƵƚŝ͕ĚŝƐĂďŝůŝƉƐŝĐŚŝĐŝĐŽŶŝŶĚĞŶŶŝƚăĚŝĂĐĐŽŵƉĂŐŶĂŵĞŶƚŽͿ

ϲ͘ϭϵϳ͕ϰϴ EĞƐƐƵŶ ůŝŵŝƚĞ

DĂdž Φϭϴ͘Ϭϳϱ ŽŐŶŝϰĂŶŶŝ ^ƉĞƐĞƐĂŶŝƚĂƌŝĞĚŝŝŵƉŽƌƚŽƐƵƉĞƌŝŽƌĞĂŝϭϱ͘ϰϵϯ͕ϳϭĞƵƌŽƌĂƚĞŝnjnjĂƚĞŶĞŐůŝĂŶŶŝƉƌĞƚĞŶĚĞŶƚŝ ŽůŽŶŶĂϭ;ŶƵŵĞƌŽƌĂƚĂͿ ŽůŽŶŶĂϮdŽƚĂůĞƐƉĞƐĞĚĂƌĂƚĞŝnjnjĂƌĞ 

 ^W^dZ//>/KhDEd/>>'Z  >hE^W^DD/^^//>/ KhDEd/KE>>'Z WƌĞƐƚĂnjŝŽŶŝ ĐŚŝƌƵƌŐŝĐŚĞ Ğ ƐƉĞĐŝĂůŝƐƚŝĐŚĞ͕ ƉƌĞƐƚĂnjŝŽŶŝ Ěŝ ŵĞĚŝĐŝ ŐĞŶĞƌŝĐŝ͕ &ĂƚƚƵƌĂ͕ƚŝĐŬĞƚŽƐƉĞĚĂůĞ ĂŶĂůŝƐŝĞƌŝĐĞƌĐŚĞ WƌĞƐƚĂnjŝŽŶŝ Ğ ƚĞƌĂƉŝĞ ĞƐĞŐƵŝƚĞ ĚĂ ƐŽŐŐĞƚƚŝ ĞƐĞƌĐĞŶƚŝ ůĞ ƉƌŽĨĞƐƐŝŽŶŝ &ĂƚƚƵƌĂ͕ƚŝĐŬĞƚнƉƌĞƐĐƌŝnjŝŽŶĞŵĞĚŝĐĂ ƐĂŶŝƚĂƌŝĞ ƌŝĐŽŶŽƐĐŝƵƚĞ ; ĂĚ ĞƐ ͗ ĨŝƐŝŽƚĞƌĂƉŝƐƚĂ͕ ůŽŐŽƉĞĚŝƐƚĂ͕ ƉŽĚŽůŽŐŽ͕ ƚĞƌĂƉŝƐƚĂĚĞůůĂƉƐŝĐŽŵŽƚƌŝĐŝƚă͕ƚĞƌĂƉŝƐƚĂŽĐĐƵƉĂnjŝŽŶĂůĞĞƚĐ͙ ƵƌĞdĞƌŵĂůŝ

&ĂƚƚƵƌĂ͕ƚŝĐŬĞƚнƉƌĞƐĐƌŝnjŝŽŶĞŵĞĚŝĐĂ

dĞƌĂƉŝĞĞƐĞŐƵŝƚĞƉƌĞƐƐŽĐĞŶƚƌŝŶŽŶƐĂŶŝƚĂƌŝ;ĂĚĞƐĐŽƌƐŽĚŝŶƵŽƚŽͿ

^ƉĞƐĂŶŽŶĚĞƚƌĂŝďŝůĞ

^ƉĞƐĂƐŽƐƚĞŶƵƚĂƉĞƌĚŝĞƚŝƐƚĂ

&ĂƚƚƵƌĂнƉƌĞƐĐƌŝnjŝŽŶĞĚĞůŵĞĚŝĐŽ ƐƉĞĐŝĂůŝƐƚĂ

^ƉĞƐĞƉĞƌĂĐƋƵŝƐƚŽĚŝƉƌŽƚĞƐŝƐĂŶŝƚĂƌŝĞŝŶŐĞŶĞƌĞ

&ĂƚƚƵƌĂнƉƌĞƐĐƌŝnjŝŽŶĞĚĞůŵĞĚŝĐŽ ƐƉĞĐŝĂůŝƐƚĂ

ZŝĐŽǀĞƌŝĞĚĞŐĞŶnjĞĂŶĐŚĞŶŽŶĐŽůůĞŐĂƚŝĂĚƵŶΖŽƉĞƌĂnjŝŽŶĞĐŚŝƌƵƌŐŝĐĂ

&ĂƚƚƵƌĂʹƚŝĐŬĞƚ

ĐƋƵŝƐƚŽĚŝŵĞĚŝĐŝŶĂůŝĐŽŶƉĂŐĂŵĞŶƚŽĚĞůƚŝĐŬĞƚ

^ĐŽŶƚƌŝŶŽ ĚĞůůĂ ĨĂƌŵĂĐŝĂ ƌŝƉŽƌƚĂŶƚĞ ŝů & ĚŝĐŚŝĂƌĂŶƚĞ

ĐƋƵŝƐƚŽĚŝŵĞĚŝĐŝŶĂůŝĚĂďĂŶĐŽĞŵĞĚŝĐŝŶĂůŝŽŵĞŽƉĂƚŝĐŝ

^ĐŽŶƚƌŝŶŝ Ěŝ ĨĂƌŵĂĐŝĂ ͕ ƌŝƉŽƌƚĂŶƚŝ & ĚŝĐŚŝĂƌĂŶƚĞ Ž ĚĞŝ ĨĂŵŝůŝĂƌŝ Ă ĐĂƌŝĐŽ Ğ ůĂ ĚŝĐŝƚƵƌĂĨĂƌŵĂĐŽŽƐŝŵŝůĞ

WƌĞƐƚĂnjŝŽŶŝĞĐƵƌĞŽŵĞŽƉĂƚŝĐŚĞ

&ĂƚƚƵƌĂĚĞůŵĞĚŝĐŽ

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB9 BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


ZŝĐŽǀĞƌŽĂŶnjŝĂŶŽŝŶĐĂƐĂĚŝƌŝƉŽƐŽ

ŝĐŚŝĂƌĂnjŝŽŶĞĚĞůůĂĐĂƐĂŽƐƉŝƚĂŶƚĞĞ ƌŝĐĞǀƵƚĞĚŝƉĂŐĂŵĞŶƚŽ

  ^W^^E/dZ//EdZ//>/;ĂƚŝƚŽůŽĚŝĞƐĞŵƉŝŽͿ

-

ůĂƚƚĞƉĞƌŶĞŽŶĂƚŝ͕ĂůŝŵĞŶƚŝƉĂƌƚŝĐŽůĂƌŝĂŶĐŚĞƐĞĐŽŶƉƌĞƐĐƌŝnjŝŽŶĞĚĞůŵĞĚŝĐŽƐƉĞĐŝĂůŝƐƚĂ͖

-

ŝŶƚĞŐƌĂƚŽƌŝĂůŝŵĞŶƚĂƌŝ͕ĂŶĐŚĞƐĞĂĐĐŽŵƉĂŐŶĂƚŝĚĂƉƌĞƐĐƌŝnjŝŽŶĞŵĞĚŝĐĂ͖

-

ƉƌŽĚŽƚƚŝĨŝƚŽƚĞƌĂƉŝĐŝŶŽŶŵĞĚŝĐŝŶĂůŝ͕ƉĂƌĂĨĂƌŵĂĐŝĚŝƋƵĂůƐŝĂƐŝƚŝƉŽ͕ĂŶĐŚĞƐĞĂĐĐŽŵƉĂŐŶĂƚŝĚĂ ƉƌĞƐĐƌŝnjŝŽŶĞŵĞĚŝĐĂ͖

-

ƐƉĞƐĞƉĂŐĂƚĞƉĞƌŝůƌŝůĂƐĐŝŽĚŝĐŽƉŝĂĚŝĐĂƌƚĞůůĞĐůŝŶŝĐŚĞ͖

-

ƐĞĚƵƚĞĚŝƉƌĂŶŽƚĞƌĂƉŝĂ͖

-

ƐƉĞƐĞƉĞƌŝŶƚĞƌǀĞŶƚŝĚŝĐŚŝƌƵƌŐŝĂĞƐƚĞƚŝĐĂǀŽůƵƚƚƵĂƌŝĞ͖

-

ƐƉĞƐĞƉĞƌŵĂƐƐĂŐŐŝĞĨĨĞƚƚƵĂƚŝĚĂƐŽŐŐĞƚƚŝŶŽŶĂďŝůŝƚĂƚŝ;ĞƐ͗ƐŚŝĂƚnjƵ͙Ϳ͖

-

ƚƌĂƚƚĂŵĞŶƚŝŽƐƚĞŽƉĂƚŝĐŝƐĞŶnjĂƉƌĞƐĐƌŝnjŝŽŶĞŵĞĚŝĐĂ͖

-

ĨĂƚƚƵƌĞƌŝůĂƐĐŝĂƚĞĚĂĐĞŶƚƌŝĚŝĞƐƚĞƚŝĐĂŽĚĂŵĞĚŝĐŝƉĞƌƉƌĞƐƚĂnjŝŽŶŝƐŝŵŝůĂƌŝ͖

-

ƐƉĞƐĞƉĞƌŝƐĐƌŝnjŝŽŶĞĞĨƌĞƋƵĞŶnjĂĚŝƉĂůĞƐƚƌĞ͕ĐŽƌƐŝĚŝŶƵŽƚŽ͕ĞĐĐ͙͘͘ĂŶĐŚĞƐĞƉƌĞƐĐƌŝƚƚĞĚĂůŵĞĚŝĐŽ ƐƉĞĐŝĂůŝƐƚĂ͖

-

ƐƉĞƐĞƉĞƌŝůƚƌĂƐƉŽƌƚŽŝŶĂŵďƵůĂŶnjĂ͕;ƐŽŶŽĚĞƚƌĂŝďŝůŝƉĞƌžůĞƉƌĞƐƚĂnjŝŽŶŝĚŝĂƐƐŝƐƚĞŶnjĂŵĞĚŝĐĂ ĞĨĨĞƚƚƵĂƚĞĚƵƌĂŶƚĞŝůƚƌĂƐƉŽƌƚŽͿ͘

 /EdZ^^/W^^/s/WZDhdh/

ŽĐƵŵĞŶƚŝĚĂĂůůĞŐĂƌĞ͗ Ͳ

ĂƵƚŽĐĞƌƚŝĨŝĐĂnjŝŽŶĞĂƚƚĞƐƚĂŶƚĞŝƌĞƋƵŝƐŝƚŝĚŝĚĞƚƌĂŝďŝůŝƚă;ĚĂƉƌĞƐĞŶƚĂƌĞ^DWZͿͲ;ůůĞŐĂƚŽͿ͖

Ͳ

ĐĞƌƚŝĨŝĐĂnjŝŽŶĞ ĚĞůůĂ ďĂŶĐĂ ĚĞŐůŝ ŝŶƚĞƌĞƐƐŝ ƉĂƐƐŝǀŝ ƉĂŐĂƚŝ ŶĞůů͛ĂŶŶŽ ϮϬϭϭ ƌŝůĂƐĐŝĂƚĂ ĚĂůůĂ ďĂŶĐĂ Ž ƋƵŝĞƚĂŶnjĞĚŝƉĂŐĂŵĞŶƚŽĚĞůůĞƌĂƚĞĚŝŵƵƚƵŽĞƌĞůĂƚŝǀŝŝŶƚĞƌĞƐƐŝƐĞƉĂƌĂƚĂŵĞŶƚĞŝŶĚŝĐĂƚŝ͖

Ͳ

ĐĞƌƚŝĨŝĐĂnjŝŽŶĞ ĚĞůůĂ ĐŽŽƉĞƌĂƚŝǀĂ ĞĚŝůŝnjŝĂ Ž ĚĞůů͛ŝŵƉƌĞƐĂ ĐŽƐƚƌƵƚƚƌŝĐĞ ĂƚƚĞƐƚĂŶƚĞ ů͛ŝŵƉŽƌƚŽ ĚĞŐůŝ ŝŶƚĞƌĞƐƐŝƉĂƐƐŝǀŝĞŽŶĞƌŝĂĐĐĞƐƐŽƌŝĚŝĐŽŵƉĞƚĞŶnjĂĚĞůĚŝĐŚŝĂƌĂŶƚĞ͖

Ͳ

ĐĞƌƚŝĨŝĐĂnjŝŽŶĞ Ěŝ  ĞǀĞŶƚƵĂůŝ ĐŽŶƚƌŝďƵƚŝ ƌŝĐĞǀƵƚŝ ŝŶ ĐŽŶƚŽ ŝŶƚĞƌĞƐƐŝ ĐŚĞ ǀĂŶŶŽ Ă ƌŝĚƵƌƌĞ ůΖŝŵƉŽƌƚŽ ĚĞĚƵĐŝďŝůĞ͖

Ͳ

ĐŽŶƚƌĂƚƚŽĚŝŵƵƚƵŽŝƉŽƚĞĐĂƌŝŽƐƚŝƉƵůĂƚŽĐŽŶůĂďĂŶĐĂŽĐŽŶƚƌĂƚƚŽĚŝĂƐƐĞŐŶĂnjŝŽŶĞĚĞůůΖŝŵŵŽďŝůĞĚĂ ĐƵŝƌŝƐƵůƚŝůΖĂĐĐŽůůŽƉƌŽͲƋƵŽƚĂ͕ƐĞŶŽŶğŐŝăƐƚĂƚŽƉƌĞƐĞŶƚĂƚŽĂů&/ŶƚĞƌƌĞŐŝŽŶĂůĞŝƉĞŶĚĞŶƚŝ^ƌů͖

Ͳ

ĐŽŶƚƌĂƚƚŽ Ěŝ ĂĐƋƵŝƐƚŽ ĚĞůů͛ŝŵŵŽďŝůĞ Ğ ĚŽĐƵŵĞŶƚĂnjŝŽŶĞ ƌĞůĂƚŝǀĂ ĂůůĞ ƐƉĞƐĞ ŝŶĐƌĞŵĞŶƚĂƚŝǀĞ ĚĞů ĐŽƐƚŽĚŝĂĐƋƵŝƐƚŽƐĞŶŽŶŐŝăƉƌĞƐĞŶƚĂƚŝĂů&/ŶƚĞƌƌĞŐŝŽŶĂůĞŝƉĞŶĚĞŶƚŝ^ƌů͘

Ͳ

ŝŶĐĂƐŽĚŝZ/E'K//KE/DhdhKĐŽŶƐĞŐŶĂƌĞůĂĐŽƉŝĂĚĞůŶƵŽǀŽĐŽŶƚƌĂƚƚŽĚŝŵƵƚƵŽĞůĂĐĞƌƚŝĨŝĐĂnjŝŽŶĞ ĚĞůĐĂƉŝƚĂůĞƌĞƐŝĚƵŽĚĞůƉƌĞĐĞĚĞŶƚĞŵƵƚƵŽƌŝůĂƐĐŝĂƚĂĚĂůů͛ŝƐƚŝƚƵƚŽĚŝĐƌĞĚŝƚŽ͘

Ͳ

WĞƌŐůŝŝŶƚĞƌĞƐƐŝƐƵƌŝƐƚƌƵƚƚƵƌĂnjŝŽŶŝĂůůĞŐĂƌĞůĞĨĂƚƚƵƌĞƌĞůĂƚŝǀĞĂŝůĂǀŽƌŝĞƐĞŐƵŝƚŝĞƵŶƉƌŽƐƉĞƚƚŽƌŝĞƉŝůŽŐĂƚŝǀŽ ;ĚĂƉƌĞƐĞŶƚĂƌĞ^DWZŶĞůů͛ĂŶŶŽĚŝƚĞƌŵŝŶĞĚĞŝůĂǀŽƌŝŽƐĞŝůĐŽŶƚƌŝďƵĞŶƚĞƐŝĂǀǀĂůĞƉĞƌůĂƉƌŝŵĂǀŽůƚĂĚĞůĂĨ /ŶƚĞƌƌĞŐŝŽŶĂůĞŝƉĞŶĚĞŶƚŝ^ƌůͿ͘

  >dZ/KEZ/dZ//>/

 ^Z//KE

>/D/d

KhDEd/KE>>'Z 10 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


Z/'KϭϮ ^^/hZ/KE/^h>>s/dKKEdZK'>//E&KZdhE/^d/Wh>dK Z/EEKsd&/EK>ϯϭͲϭϮͲϮϬϬϬ͖ ^^/hZ/KE/WZZ/^,/K/DKZd͕//Es>//dWZDEEd ^hWZ/KZ>ϱйK/EKEhdK^h&&//E^d/Wh>dKZ/EEKsd >ϬϭͲϬϭͲϮϬϬϭ

 ϭ͘Ϯϵϭ͕ϭϰΦ

 ĞƌƚŝĨŝĐĂnjŝŽŶĞĚĞůůĂƋƵŽƚĂĚĞƚƌĂŝďŝůĞ ĚĞŐůŝŝŵƉŽƌƚŝǀĞƌƐĂƚŝŶĞůů͛ĂŶŶŽ ƌŝůĂƐĐŝĂƚĂĚĂůůĂĐŽŵƉĂŐŶŝĂĚŝ ĂƐƐŝĐƵƌĂnjŝŽŶŝ



Z/'Kϭϯ^W^//^dZh/KE^KEZ/ hE/sZ^/dZ/ 

Z/'Kϭϰ^W^&hEZ/ 

Z/'Kϭϱ^W^WZdd/>>͛^^/^dEWZ^KE> 

dĂƐƐĂƌĞůĂƚŝǀĂ ĂŐůŝŝƐƚŝƚƵƚŝ ƐĐŽůĂƐƚŝĐŝƐƚĂƚĂůŝ

ŽĐƵŵĞŶƚĂnjŝŽŶĞƌĞůĂƚŝǀĂĂůƉĂŐĂŵĞŶƚŽ

&ĂƚƚƵƌĞĐŽŶů͛ŝŶĚŝĐĂnjŝŽŶĞĚĞů ϭ͘ϱϰϵ͕ϯϳΦƉĞƌ ĐŽŐŶŽŵĞĞŶŽŵĞĚĞůĚĞĨƵŶƚŽĞĚĞů ŽŐŶŝĚĞĐĞƐƐŽ ŐƌĂĚŽĚŝƉĂƌĞŶƚĞůĂĐŽŶŝů ĐŽŶƚƌŝďƵĞŶƚĞ Ͳ ZŝĐĞǀƵƚĂ ĚĞů ƉĂŐĂŵĞŶƚŽ ĐŽŶ ŝŶĚŝĐĂnjŝŽŶĞĚĞŐůŝĞƐƚƌĞŵŝĂŶĂŐƌĂĨŝĐŝĞ ĚĞů ĐŽĚŝĐĞ ĨŝƐĐĂůĞ ĚĞů ƐŽŐŐĞƚƚŽ ĐŚĞ ĞĨĨĞƚƚƵĂŝůƉĂŐĂŵĞŶƚŽĞĚŝƋƵĞůůŽĐŚĞ ƉƌĞƐƚĂ ů͛ĂƐƐŝƐƚĞŶnjĂ͘ ^Ğ ůĂ ƐƉĞƐĂ ğ ƐŽƐƚĞŶƵƚĂ ŶĞůů͛ŝŶƚĞƌĞƐƐĞ Ěŝ ƵŶ ĨĂŵŝůŝĂƌĞ Ă ĐĂƌŝĐŽ ŶĞůůĂ ƌŝĐĞǀƵƚĂ Ϯ͘ϭϬϬ͕ϬϬΦ ůŝŵŝƚĞĂƐƐŽůƵƚŽ ǀĂŶŶŽ ŝŶĚŝĐĂƚŝ ĂŶĐŚĞ Őůŝ ĞƐƚƌĞŵŝ ĂŶĂŐƌĂĨŝĐŝ Ğ ŝů ĐŽĚŝĐĞ ĨŝƐĐĂůĞ Ěŝ ƋƵĞƐƚ͛ƵůƚŝŵŽ ;ĐŽŵĞĚĂĨĂĐƐŝŵŝůĞĂůůĞŐĂƚŽͿ͘ Ͳ ĞƌƚŝĨŝĐĂnjŝŽŶĞ ŵĞĚŝĐĂ ĂƚƚĞƐƚĂŶƚĞ ůĂ ŶŽŶĂƵƚŽƐƵĨĨŝĐŝĞŶnjĂĚĞůůĂƉĞƌƐŽŶĂƉĞƌ ůĂƋƵĂůĞğƐŽƐƚĞŶƵƚĂůĂƐƉĞƐĂ͘

 Z/'Kϭϲ^W^WZdd/s/d͛^WKZd/sWZd/d/ Z'//d͛ϱϭϴEE/ ^ŽƐƚĞŶƵƚĞƉĞƌĂƚƚŝǀŝƚăƐƉŽƌƚŝǀĂƐǀŽůƚĂƉƌĞƐƐŽĂƐƐŽĐŝĂnjŝŽŶŝƐƉŽƌƚŝǀĞ ĚŝůĞƚƚĂŶƚŝƐƚŝĐŚĞŽƉĞƌĨƌĞƋƵĞŶnjĂĂŝŵƉŝĂŶƚŝĞƐƚƌƵƚƚƵƌĞƐƉŽƌƚŝǀĞ; ŶŽƐƉĞƐĞƉƌĞƐƐŽĐŝƌĐŽůŝĐƵůƚƵƌĂůŝĞͬŽƌŝĐƌĞĂƚŝǀŝŽůĞnjŝŽŶŝĚĂŵĂĞƐƚƌŽ ƉƌŝǀĂƚŽƉƌŽĨĞƐƐŝŽŶŝƐƚĂͿ

Z/'KϭϳʹϭϵK/ϭϳ ^W^ WZ /EdD//KE /DDK/>/Z Yh/^dK WZ/D ^

Z/'KϭϳʹϭϵK/ϭϴ ^W^WZEKE//>K/KE/^dhEd/&hKZ/^ >Ă ĚĞƚƌĂnjŝŽŶĞ ƐƉĞƚƚĂ ĂŶĐŚĞ ƉĞƌ ŝ ĐĂŶŽŶŝ ƌĞůĂƚŝǀŝ Ă ĐŽŶƚƌĂƚƚŝ Ěŝ ŽƐƉŝƚĂůŝƚă ŶŽŶĐŚĠ ĂŐůŝ Ăƚƚŝ Ěŝ ĂƐƐĞŐŶĂnjŝŽŶĞ ŝŶ ŐŽĚŝŵĞŶƚŽ Ž ůŽĐĂnjŝŽŶĞ ƐƚŝƉƵůĂƚŝ ĐŽŶ ĞŶƚŝ ƉĞƌ ŝů ĚŝƌŝƚƚŽ ĂůůŽ ƐƚƵĚŝŽ͕ ĐŽŶ ƵŶŝǀĞƌƐŝƚă͕ ĐŽŶ ĐŽůůĞŐŝ ƵŶŝǀĞƌƐŝƚĂƌŝ ůĞŐĂůŵĞŶƚĞ ƌŝĐŽŶŽƐĐŝƵƚŝ͕ ĐŽŶ ĞŶƚŝƐĞŶnjĂĨŝŶĞĚŝůƵĐƌŽĞĐŽŽƉĞƌĂƚŝǀĞ͘ KE//KE/E^^Z/͗



ŝůĐŽŶƚƌĂƚƚŽĚŝůŽĐĂnjŝŽŶĞĚĞǀĞĞƐƐĞƌĞƐƚŝƉƵůĂƚŽĂŝƐĞŶƐŝĚĞůůĂ >ĞŐŐĞϰϯϭͬϭϵϵϴ

ϮϭϬ͕ϬϬΦ ͲďŽůůĞƚƚŝŶŽďĂŶĐĂƌŝŽŽƉŽƐƚĂůĞ͕ĨĂƚƚƵƌĂ͕ ůŝŵŝƚĞ ƌŝĐĞǀƵƚĂŽƋƵŝĞƚĂŶnjĂĚŝƉĂŐĂŵĞŶƚŽĚĂĐƵŝ ŵĂƐƐŝŵŽƉĞƌ ƌŝƐƵůƚŝ͗ ŽŐŶŝƌĂŐĂnjnjŽ ͲŝĚĂƚŝŝĚĞŶƚŝĨŝĐĂƚŝǀŝĚĞůƐŽŐŐĞƚƚŽĐŚĞŚĂ  ƌĞƐŽůĂƉƌĞƐƚĂnjŝŽŶĞ͖>ĂĐĂƵƐĂůĞĚĞů ƉĂŐĂŵĞŶƚŽ͖ů͛ĂƚƚŝǀŝƚăƐƉŽƌƚŝǀĂĞƐĞƌĐŝƚĂƚĂ͖ ů͛ŝŵƉŽƌƚŽĚĞůůĂƐƉĞƐĂ͖ŝĚĂƚŝĂŶĂŐƌĂĨŝĐŝĚĞů ƌĂŐĂnjnjŽƉƌĂƚŝĐĂŶƚĞů͛ĂƚƚŝǀŝƚăƐƉŽƌƚŝǀĂ͖ŝů ĐŽĚŝĐĞĨŝƐĐĂůĞĚŝĐŚŝĞƐĞŐƵĞŝůƉĂŐĂŵĞŶƚŽ͘ ϭ͘ϬϬϬ͕ϬϬΦ ͲĨĂƚƚƵƌĂĚĞůů͛ŝŶƚĞƌŵĞĚŝĂƌŝŽ ůŝŵŝƚĞŵĂdž Ͳ ĂƚƚŽ ŶŽƚĂƌŝůĞ Ěŝ ĂĐƋƵŝƐƚŽ ĚĞůůĂ ĐĂƐĂ Ž ĚĂƐƵĚĚŝǀŝĚĞƌĞ ƉƌĞůŝŵŝŶĂƌĞ ƚƌĂŐůŝ ͲĚŝĐŚŝĂƌĂnjŝŽŶĞĂƚƚĞƐƚĂŶƚĞĐŚĞů͛ĂĐƋƵŝƐƚŽğ ĂĐƋƵŝƌĞŶƚŝ ƌŝĨĞƌŝƚŽ ĂĚ ƵŶ ŝŵŵŽďŝůĞ ĚĂ ĂĚŝďŝƌĞ Ă ƉƌŽƉƌŝĂ ĂďŝƚĂnjŝŽŶĞ ƉƌŝŶĐŝƉĂůĞ ƐĞ ŵĂŶĐĂ ů͛ĂƚƚŽŶŽƚĂƌŝůĞ   ƉƌŽǀĂĚĞůƉĂŐĂŵĞŶƚŽĚĞŝĐĂŶŽŶŝ͖ Ϯ͘ϲϯϯ͕ϬϬ  ĐŽŶƚƌĂƚƚŽĚŝůŽĐĂnjŝŽŶĞ͖ ůŝŵŝƚĞ  ĂƚƚĞƐƚĂnjŝŽŶĞĚĞůůĂƐƵƐƐŝƐƚĞŶnjĂĚĞůůĞ ŵĂƐƐŝŵŽ ĐŽŶĚŝnjŝŽŶŝŶĞĐĞƐƐĂƌŝĞƉĞƌůĂ ĚĞƚƌĂnjŝŽŶĞĚĞůůĂƐƉĞƐĂ;ŝƐĐƌŝnjŝŽŶĞĂ ĐŽƌƐŽĚŝůĂƵƌĞĂ͕ƐĞĚĞĚĞůů͛ƵŶŝǀĞƌƐŝƚă͕ ƵďŝĐĂnjŝŽŶĞŝŵŵŽďŝůĞůŽĐĂƚŽ͕ĚŝƐƚĂŶnjĂ Ŭŵ͘͘Ϳ

11 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


ůŽƐƚƵĚĞŶƚĞĚĞǀĞĞƐƐĞƌĞŝƐĐƌŝƚƚŽĂĚƵŶĐŽƌƐŽĚŝůĂƵƌĞĂƉƌĞƐƐŽ ƵŶĂƵŶŝǀĞƌƐŝƚă  ů͛ƵŶŝǀĞƌƐŝƚăĚĞǀĞĞƐƐĞƌĞƵďŝĐĂƚĂŝŶƵŶĐŽŵƵŶĞĚŝƐƚĂŶƚĞĚĂ ƋƵĞůůŽĚŝƌĞƐŝĚĞŶnjĂĚĞůůŽƐƚƵĚĞŶƚĞĂůŵĞŶŽϭϬϬŬŵ  ŝůĐŽŵƵŶĞĚŝƌĞƐŝĚĞŶnjĂĚĞůůŽƐƚƵĚĞŶƚĞŝŶŽŐŶŝĐĂƐŽĚĞǀĞ ĂƉƉĂƌƚĞŶĞƌĞĂĚƵŶĂƉƌŽǀŝŶĐŝĂĚŝǀĞƌƐĂĚĂƋƵĞůůĂŝŶĐƵŝğ ƐŝƚƵĂƚĂů͛ƵŶŝǀĞƌƐŝƚă ů͛ŝŵŵŽďŝůĞ ůŽĐĂƚŽ Ɛŝ ƚƌŽǀĂ ŶĞůůĂ Đŝƚƚă ƐĞĚĞ ĚĞůů͛ƵŶŝǀĞƌƐŝƚă Ž ŝŶ ƵŶ ĐŽŵƵŶĞůŝŵŝƚƌŽĨŽ 

 Z/',/ϭϳÆ Æϭϵ;>dZ^W^Ϳ



K/ϭϵZK'/KE/>/Z>/&sKZ/DKs/DEd/ KWZd/d/WK>/d//

DŝŶΦϱϭ͕ϲϱ DĂdžϭϬϯ͘Ϯϵϭ͕ϯϴ

K/ϮϬZK'/KE/&sKZ/KZ'E//KE/EKE

 DĂdžϮ͘Ϭϲϱ͕ϴϯΦ

>hZd/s/hd/>/d^K/>;KE>h^Ϳ

 K/ϮϭZK'/KE/>/Z>/&sKZ/>> ^K/d^WKZd/s/>ddEd/^d/,  K/ϮϮsZ^DEd/YhKd^^K/d/s^K/d/ DhdhK^KKZ^K  K/ϮϯZK'/KE/>/Z>/&sKZ>> ^^K//KE//WZKDK/KE^K/>  K/Ϯϵ^W^sdZ/EZ/

 DĂdžϭ͘ϱϬϬ͕ϬϬΦ  DĂdžϭ͘Ϯϵϭ͕ϭϰΦ  DĂdžϮ͘Ϭϲϱ͕ϴϯΦ

 DŝŶϭϮϵ͕ϭϭΦ DĂdžϯϴϳ͕ϯϰΦ K/ ϯϭ ZK'/KE/ >/Z>/  &sKZ / /^d/dhd/ EĞƐƐƵŶůŝŵŝƚĞ

^K>^d//^dd>/WZ/dZ/ ;ĐŽŶƚƌŝďƵƚŝƉĞƌů͛ŝŶŶŽǀĂnjŝŽŶĞƚĞĐŶŽůŽŐŝĐĂ͕ů͛ĞĚŝůŝnjŝĂƐĐŽůĂƐƚŝĐĂ͕ĂŵƉůŝĂŵĞŶƚŽ ĚĞůů͛ŽĨĨĞƌƚĂĨŽƌŵĂƚŝǀĂͿ K/ϯϮKEdZ/hd/WZZ/^ddK/>hZ/&D/>/Z/

&/^>DEdZ/K    K/ϯϯZddWZ&ZYhE^/>/E/K



DĂdžΦϲϯϮ͕ϬϬ ĂŶŶƵŝƉĞƌŽŐŶŝ ĨŝŐůŝŽĚŝĞƚăĨƌĂŝϯ ŵĞƐŝĞŝϯĂŶŶŝ

 ƚƚĞƐƚĂnjŝŽŶĞ ĚĞůǀĞƌƐĂŵĞŶƚŽ͖ ŽƉŝĂĚĞůďŽůůĞƚƚŝŶŽĚŝĐͬĐ ƉŽƐƚĂůĞŽĚĞůďŽŶŝĨŝĐŽ ďĂŶĐĂƌŝŽŽƉƌŽǀĂ ĚĞůů͛ĂĚĚĞďŝƚŽĐŽŶĐĂƌƚĂĚŝ ĐƌĞĚŝƚŽ  EKE^KEKdZ//>/> ZK'/KE/>/Z>/ &&ddhd/EKEdEd/

&ĂƚƚƵƌĞĐŽŶŝŶĚŝĐĂnjŝŽŶĞĚĞů ƚŝƉŽĚŝĂŶŝŵĂůĞĐƵƌĂƚŽ ͲWƌŽǀĂĚĞůǀĞƌƐĂŵĞŶƚŽ ͲŝĐŚŝĂƌĂnjŝŽŶĞĚĞůů͛ŝƐƚŝƚƵƚŽ ĚŝĚĞƐƚŝŶĂnjŝŽŶĞĚĞůůĂ ĞƌŽŐĂnjŝŽŶĞůŝďĞƌĂůĞ ŽĐƵŵĞŶƚĂnjŝŽŶĞ ĂƚƚĞƐƚĂŶƚĞŝƉĂŐĂŵĞŶƚŝ ĞĨĨĞƚƚƵĂƚŝ͘  &ĂƚƚƵƌĂĚĞůů͛ĂƐŝůŽŶŝĚŽĞ ƉƌŽǀĂĚĞůƉĂŐĂŵĞŶƚŽ ĞĨĨĞƚƚƵĂƚŽŶĞůϮϬϭϭ

 ^/KE//KEZ/h//>/  ^Z//KE

KhDEd/KE>>'Z

Z/'KϮϭ

ͲĞƌƚŝĨŝĐĂnjŝŽŶŝĚĞŝĐŽŶƚƌŝďƵƚŝƚƌĂƚƚĞŶƵƚŝŽǀĞƌƐĂƚŝ͖

KEdZ/hd/K>/'dKZ/WZ>''sZ^d/E>ϮϬϭϭKEdZ/hd/ ͲYƵŝĞƚĂŶnjĞĚŝƉĂŐĂŵĞŶƚŽZĂƵƚŽƉĂŐĂƚĞŶĞůϮϬϭϭ sK>KEdZ/WZZ/^ddKEE//>hZ͕D/>/dZ͕&KEK^>/E', ĚĂůůĞƋƵĂůŝƌŝƐƵůƚŝŝůĐŽŶƚƌŝďƵƚŽ^^E;ƐĞůĂƉŽůŝnjnjĂğ KWZK^h/KEsK>KEdZ/ ƐĞŵĞƐƚƌĂůĞĂůůĞŐĂƌĞĞŶƚƌĂŵďĞůĞƋƵŝĞƚĂŶnjĞͿ͖ƌŝĐĞǀƵƚĞ ĚĞŝǀĞƌƐĂŵĞŶƚŝƉĞƌŝĐŽŶƚƌŝďƵƚŝǀŽůŽŶƚĂƌŝ͖ƌŝĐĞǀƵƚĂĚŝ ƉĂŐĂŵĞŶƚŽĂůů͛/E/>ƉĞƌůĂ͞ĂƐƐŝĐƵƌĂnjŝŽŶĞ ĐĂƐĂůŝŶŐŚĞ͘͟ Z/'KϮϮ^^'E/WZ/K//KZZ/^WK^d/>KE/h'

ZŝĐĞǀƵƚĞĚŝǀĞƌƐĂŵĞŶƚŽ͕ĐŽƉŝĂĚĞůůĂƐĞŶƚĞŶnjĂĚĞů ƚƌŝďƵŶĂůĞĞĐŽĚŝĐĞĨŝƐĐĂůĞĚĞůĐŽŶŝƵŐĞ

Z/'KϮϯKEdZ/hd/WZdd//^Zs//KD^d//

ŽƉŝĂĚĞŝďŽůůĞƚƚŝŶŝĚŝǀĞƌƐĂŵĞŶƚŽĚŝĐŽŶƚŽĐŽƌƌĞŶƚĞ

12 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


/DWKZdKD^^/DKhZKϭ͘ϱϰϵ͕ϯϳ

ƉŽƐƚĂůĞĞƐĞŐƵŝƚŝŶĞůϮϬϭϭ

Z/'K Ϯϰ ZK'/KE/ >/Z>/  &sKZ / /^d/dh/KE/ ͙͙͙͙͙ ƚƚĞƐƚĂnjŝŽŶĞĚĞŝǀĞƌƐĂŵĞŶƚŝĞĨĨĞƚƚƵĂƚŝ Z>/'/K^/ŵƉŽƌƚŽŵĂƐƐŝŵŽƵƌŽϭ͘ϬϯϮ͕ϵϭƉĞƌŝƐƚŝƚƵnjŝŽŶĞ Z/'KϮϱ^W^D/,'EZ/,/^^/^dE ^W/&/^K^dEhdWKZddKZ//

ĞƌƚŝĨŝĐĂƚŽĚŝŝŶǀĂůŝĚŝƚă>ĞŐŐĞϭϬϰ͕ƌŝĐĞǀƵƚĞ͕ĨĂƚƚƵƌĞ͕ ƐĐŽŶƚƌŝŶŝĞƋƵŝĞƚĂŶnjĞ

,E/W

Z/'K Ϯϲ KEZ/ h//>/ /sZ^/  Yh>>/ / Z/',/ ĂƌƚĞůůĂĞƐĂƚƚŽƌŝĂůĞĞƉƌŽǀĂĚĞůƉĂŐĂŵĞŶƚŽ͘ WZEd/ WĞƌůĞƐƉĞƐĞĚŝĂĚŽnjŝŽŶĞ͕ĚŽĐƵŵĞŶƚĂnjŝŽŶĞƌŝůĂƐĐŝĂƚĂ ;ĞƐ͗ĐŽŶƐŽƌnjŝĚŝďŽŶŝĨŝĐĂ͕ƐƉĞƐĞƉĞƌĂĚŽnjŝŽŶŝ͕ĐŽŶƚƌŝďƵƚŝǀĞƌƐĂƚŝĂŝ ĚĂůů͛ŶƚĞŝŶĐĂƌŝĐĂƚŽ͘ ĨŽŶĚŝŝŶƚĞŐƌĂƚŝǀŝ^^E͕ƐŽŵŵĞĞƌŽŐĂƚĞĂKE'͕KE>h^Ϳ WĞƌŝĐŽŶƚƌŝďƵƚŝĂĐŽŶƐŽƌnjŝĚŝďŽŶŝĨŝĐĂ͕ůĂƉƌŽǀĂĚĞů ǀĞƌƐĂŵĞŶƚŽ͘ WĞƌůĞĞƌŽŐĂnjŝŽŶŝůŝďĞƌĂůŝƌŝĐĞǀƵƚĂĚĞůǀĞƌƐĂŵĞŶƚŽ ďĂŶĐĂƌŝŽŽƉŽƐƚĂůĞŽƉƌŽǀĂĚĞůů͛ĂĚĚĞďŝƚŽĐŽŶĐĂƌƚĂĚŝ ĐƌĞĚŝƚŽ

 WZs/EKDW>DEdZ

 dd/KE͗KDW/>Z/Z/',/ϮϳͲϯϭ^K>K/EWZ^E/͗ •

>dZ/sZ^DEd/&KZD/WZs/E/Ed'Zd/sWZ/sd;^͘dZD/dWK>/ ^^/hZd/ssZ^d/EWZKWZ/KͿK͕

WZ^E//DWKZd/EKEKdd/>^K^d/dhdKZd/&/d/E>WhEdKϭϮϭ>hϮϬϭϮ

 EŽŶĐŽŵƉŝůĂƌĞƐĞŝĐŽŶƚƌŝďƵƚŝƐŽŶŽǀĞƌƐĂƚŝƐŽůŽƉĞƌŝůƚƌĂŵŝƚĞĚĞůĚĂƚŽƌĞĚŝůĂǀŽƌŽĞĚğĐŽŵƉŝůĂƚŽƐŽůŽŝů ĐĂŵƉŽϭϮϬĚĞůhϮϬϭϮ



ŽůŽŶŶĂϭͲ ŽŶƚƌŝďƵƚŝŐŝăĚĞĚŽƚƚŝ ŶĞůh

ŽůŽŶŶĂϮʹ ŽŶƚƌŝďƵƚŝŝŶƚĞŐƌĂƚŝǀŝ ĚŝĐƵŝƐŝĐŚŝĞĚĞůĂ ĚĞĚƵnjŝŽŶĞ WƵŶƚŽϭϮϬĚĞůh WƵŶƚŽϭϮϭĚĞůh Z/'KϮϳKEdZ/hd/h//>/dKZ/EZ/ ϮϬϭϮнsĞƌƐĂŵĞŶƚŝ ϮϬϭϮ WƌŝǀĂƚŝ WƵŶƚŽϭϮϬĚĞůh WƵŶƚŽϭϮϭĚĞůh Z/'KϮϴKEdZ/hd/sZ^d/>sKZdKZ//WZ/DKhW/KE ϮϬϭϮнsĞƌƐĂŵĞŶƚŝ ϮϬϭϮ WƌŝǀĂƚŝ WƵŶƚŽϭϮϭĚĞůh WƵŶƚŽϭϮϬĚĞůh Z/'KϮϵKEdZ/hd/sZ^d/&KE//E^Yh/>/Z/K&/EE/Z/K ϮϬϭϮнsĞƌƐĂŵĞŶƚŝ ϮϬϭϮ WƌŝǀĂƚŝ sĞĚŝĂŶŶŽƚĂnjŝŽŶŝh ^ŽŵŵĂŶŽŶĚĞĚŽƚƚĂ Z/'KϯϬKEdZ/hd/sZ^d/WZ&D/>/Z/Z/K ϮϬϭϮ ĚĂůĨĂŵŝůŝĂƌĞŽ ŝŶĚŝĐĂƚĂŶĞůhϮϬϭϮ WƵŶƚŽϭϮϬĚĞů d&Z͗sĞĚŝ WƵŶƚŽϭϮϭ Z/'KϯϭKEdZ/hd/sZ^d/WZ&KEKWE^/KEE'K/>/ hϮϬϭϮ ĂŶŶŽƚĂnjŝŽŶŝ ĚĞůh /WEEd/Wh>// hϮϬϭϮ ϮϬϭϮ



13 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


 ^/KE///^W^WZ/EdZsEd//ZhWZK>WdZ/DKE/K/>//KWZh/^Wdd>dZ/KEϰϭйK >ϯϲйYh/^dK//DDK/>Z/^dZhddhZdKʹYh/^dK/'Z'  Z/',/ϰϭϱϯ

KhDEd/KE>>'Z

K>KEEϭ͗ŝŶĚŝĐĂƌĞů͛ĂŶŶŽŝŶĐƵŝůĞƐƉĞƐĞƐŽŶŽƐƚĂƚĞƐŽƐƚĞŶƵƚĞ͘

^ŽůŽƉĞƌůĞƐƉĞƐĞƌĞůĂƚŝǀĞĂůů͛ĂŶŶŽϮϬϭϭ͗

K>KEE Ϯ ͗ ĚĂ ĐŽŵƉŝůĂƌĞ ƐŽůŽ ƐĞ ůĞ ƐƉĞƐĞ ƐŽŶŽ ƐƚĂƚĞ ƐŽƐƚĞŶƵƚĞ ŶĞů • ϮϬϬϲ͗ ϭ ƉĞƌ ůĞ ƐƉĞƐĞ ƌĞůĂƚŝǀĞ Ă ĨĂƚƚƵƌĞ ĐŽŶ ĚĂƚĂ ĐŚĞ ǀĂ ĚĂů ϬϭͲϬϭͲϬϲ Ăů ϯϬͲϬϵͲϬϲ͖ϮƐĞůĞĨĂƚƚƵƌĞƐŽŶŽƐƚĂƚĞĞŵĞƐƐĞĚŽƉŽŝůϬϭͲϭϬͲϬϲŽĞŵĞƐƐĞŝŶ ĚĂƚĂĂŶƚĞĐĞĚĞŶƚĞŝůϬϭͲϬϭͲϬϲ͖

ŽƉŝĂĚĞůůĂĐŽŵƵŶŝĐĂnjŝŽŶĞƉƌĞǀĞŶƚŝǀĂĞ ĚĞůůĂƌŝĐĞǀƵƚĂĚĞůůĂƌĂĐĐŽŵĂŶĚĂƚĂĚŝŝŶǀŝŽ ĂůĞŶƚƌŽ^ĞƌǀŝnjŝĚŝWĞƐĐĂƌĂƉĞƌůĂǀŽƌŝ ŝŶŝnjŝĂƚŝƉƌŝŵĂĚĞůϭϰͲϬϱͲϮϬϭϭ

K>KEE ϯ͗ ĐŽĚŝĐĞ ĨŝƐĐĂůĞ ĚĞů ƐŽŐŐĞƚƚŽ ĐŚĞ ŚĂ ƉƌĞƐĞŶƚĂƚŽ ůĂ ĐŽŵƵŶŝĐĂnjŝŽŶĞƉƌĞǀĞŶƚŝǀĂ͕ƐĞĚŝǀĞƌƐŽĚĂůĚŝĐŚŝĂƌĂŶƚĞ͕ŽĐŽĚŝĐĞĨŝƐĐĂůĞĚĞů • ĐŽŶĚŽŵŝŶŝŽ͘ WĞƌ ů͛ĂĐƋƵŝƐƚŽ Ěŝ ŝŵŵŽďŝůŝ ƌŝƐƚƌƵƚƚƵƌĂƚŝ͕ ŝů ĐŽĚŝĐĞ ĨŝƐĐĂůĞ ĚĞůů͛ŝŵƉƌĞƐĂĞĚŝůĞ͘



K>KEEϰ͗ŝŶĚŝĐĂƌĞŝƐĞŐƵĞŶƚŝĐŽĚŝĐŝ͗ ϭ͘

ŶĞů ĐĂƐŽ Ěŝ ƐƉĞƐĞ ƐŽƐƚĞŶƵƚĞ Ă ƉĂƌƚŝƌĞ ĚĂů ϮϬϬϮ Ăů ϮϬϭϭ ƉĞƌ ůĂǀŽƌŝ • ŝŶŝnjŝĂƚŝŝŶĂŶŶŝƉƌĞĐĞĚĞŶƚŝĞĂŶĐŽƌĂŝŶĐŽƌƐŽŶĞůϮϬϭϭ

Ϯ͘

ŶĞůĐĂƐŽĚŝĂĐƋƵŝƐƚŽŽĂƐƐĞŐŶĂnjŝŽŶĞĚŝŝŵŵŽďŝůŝƌŝƐƚƌƵƚƚƵƌĂƚŝĞŶƚƌŽŝů ϯϭͬϭϮͬϮϬϬϮĞƉĞƌŝƋƵĂůŝů͛ĂƚƚŽĚŝĂĐƋƵŝƐƚŽƐŝĂƐƚĂƚŽƐƚŝƉƵůĂƚŽĞŶƚƌŽŝů • ϯϬͬϬϲͬϮϬϬϯ

ϯ͘ ϰ͘

ŶĞů ĐĂƐŽ Ěŝ ŝŶƚĞƌǀĞŶƚŝ Ěŝ ŵĂŶƵƚĞŶnjŝŽŶĞ Ğ ƐĂůǀĂŐƵĂƌĚŝĂ ĚĞŝ ďŽƐĐŚŝ • ;ƐŽƐƚĞŶƵƚĞĚĂůϮϬϬϮĂůϮϬϬϲͿ ŶĞůĐĂƐŽĚŝĂĐƋƵŝƐƚŽŽĂƐƐĞŐŶĂnjŝŽŶĞĚŝŝŵŵŽďŝůŝƌŝƐƚƌƵƚƚƵƌĂƚŝĚŽƉŽŝů ϯϭͬϭϮͬϮϬϬϮ͕ ŽǀǀĞƌŽ ƌŝƐƚƌƵƚƚƵƌĂƚŝ ĞŶƚƌŽ ŝů ϯϭͬϭϮͬϮϬϬϮ ŵĂ ƉĞƌ ƋƵĂůŝ • ů͛ĂƚƚŽĚŝĂĐƋƵŝƐƚŽƐŝĂƐƚĂƚŽƐƚŝƉƵůĂƚŽĚŽƉŽŝůϯϬͬϬϲͬϮϬϬϯ

ůĚŝĨƵŽƌŝĚŝƋƵĞƐƚĞŝƉŽƚĞƐŝ͕ŝůĐĂŵƉŽŶŽŶǀĂĐŽŵƉŝůĂƚŽ͘ ĂƐŝƉĂƌƚŝĐŽůĂƌŝ K>KEEϱ͗ŝŶĚŝĐĂƌĞ͗ ϭ͘

Ϯ͘

ϯ͘

ϰ͘

ĐŽƉŝĂĚĞůůĞĨĂƚƚƵƌĞĚĞŝůĂǀŽƌŝƌŝƉŽƌƚĂŶƚŝ ů͛ŝŶĚŝĐĂnjŝŽŶĞĚĞůĐŽƐƚŽĚĞůůĂŵĂŶŽĚŽƉĞƌĂ ŝŵƉŝĞŐĂƚĂƐĞĞŵĞƐƐĞƉƌŝŵĞĚĞůϭϰͲϬϱͲ ϮϬϭϭ ZŝĐĞǀƵƚĂĚĞŝďŽŶŝĨŝĐŝďĂŶĐĂƌŝƌĞůĂƚŝǀŝĂů ϮϬϭϭƌŝƉŽƌƚĂŶƚŝŝĐŽĚŝĐŝĨŝƐĐĂůŝĞͬŽƉĂƌƚŝƚĂ /sĚĞůů͛ŽƌĚŝŶĂŶƚĞĞĚĞůďĞŶĞĨŝĐŝĂƌŝŽ ĐŽƉŝĂĚĞůůĂĚŝĐŚŝĂƌĂnjŝŽŶĞƌŝůĂƐĐŝĂƚĂ ĚĂůů͛ŝŵƉƌĞƐĂĐŽƐƚƌƵƚƚƌŝĐĞĂƚƚĞƐƚĂŶƚĞŝů ĐŽƐƚŽĚĞůůĂĐŽƐƚƌƵnjŝŽŶĞ YƵŝĞƚĂŶnjĞĚŝƉĂŐĂŵĞŶƚŽĚĞŐůŝŽŶĞƌŝĚŝ ƵƌďĂŶŝnjnjĂnjŝŽŶĞ ŝĐŚŝĂƌĂnjŝŽŶĞƌŝůĂƐĐŝĂƚĂ ĚĂůů͛ĂŵŵŝŶŝƐƚƌĂƚŽƌĞĚŝĐŽŶĚŽŵŝŶŝŽƉĞƌůĞ ƐƉĞƐĞƐŽƐƚĞŶƵƚĞĚĂůĐŽŶĚŽŵŝŶŝŽ ƚƚŽŶŽƚĂƌŝůĞĚŝĂĐƋƵŝƐƚŽƉĞƌŐůŝŝŵŵŽďŝůŝ ƌŝƐƚƌƵƚƚƵƌĂƚŝĐŚĞŐŽĚŽŶŽĚĞůů͛ĂŐĞǀŽůĂnjŝŽŶĞ

 ƉĞƌƐƉĞƐĞƌĞůĂƚŝǀĞĂĚŝŵŵŽďŝůĞĂĐƋƵŝƐƚĂƚŽ͕ĞƌĞĚŝƚĂƚŽŽƌŝĐĞǀƵƚŽ ŝŶĚŽŶĂnjŝŽŶĞĚĂƵŶƐŽŐŐĞƚƚŽĚŝĞƚăƐƵƉĞƌŝŽƌĞĂϳϱŽϴϬĂŶŶŝĞ  ĐŚĞĂǀĞǀĂƐĐĞůƚŽĚŝƌĂƚĞŝnjnjĂƌĞůĂƐƉĞƐĂŝŶϯŽϱĂŶŶŝ͖ WĞƌůĂĚĞƚƌĂnjŝŽŶĞĚĞůůĞƌĂƚĞƌĞůĂƚŝǀĞĂƐƉĞƐĞ ƉĞƌŝůĐŽŶƚƌŝďƵĞŶƚĞĐŚĞŶĞůϮϬϭϭŚĂĐŽŵƉŝƵƚŽϴϬĂŶŶŝĞŝŶƚĞŶĚĞ ƐŽƐƚĞŶƵƚĞŝŶĂŶŶŝƉƌĞĐĞĚĞŶƚŝĂůϮϬϭϭ͗ ƌŝĚĞƚĞƌŵŝŶĂƌĞ ŝŶ ϯ ƌĂƚĞ ůĂ ƐƉĞƐĂ ĐŚĞ ŶĞůůĂ ƉƌĞĐĞĚĞŶƚĞ  ĚŝĐŚŝĂƌĂnjŝŽŶĞĂǀĞǀĂŐŝăƌŝĚĞƚĞƌŵŝŶĂƚŽŝŶϱĂŶŶŝ͘ • ĂůůĞŐĂƌĞĐŽƉŝĂĚŝƚƵƚƚĂůĂĚŽĐƵŵĞŶƚĂnjŝŽŶĞ ƉĞƌů͛ŝŵŵŽďŝůĞĂĐƋƵŝƐŝƚŽĚĂƐŽŐŐĞƚƚŽĐŚĞŶĞůϮϬϬϵŽϮϬϭϬĂǀĞǀĂ ĐŽŵƉŝƵƚŽϴϬĂŶŶŝĞĂǀĞǀĂƌŝĚĞƚĞƌŵŝŶĂƚŽŝŶϯƌĂƚĞůĂƐƉĞƐĂĐŚĞ ŶĞůůĂ ƉƌĞĐĞĚĞŶƚĞ ĚŝĐŚŝĂƌĂnjŝŽŶĞ ĂǀĞǀĂ Őŝă ƌŝĚĞƚĞƌŵŝŶĂƚŽ ŝŶ ϱ ĂŶŶŝ͘

ƐŽƉƌĂŝŶĚŝĐĂƚĂƐĞŶĞůϮϬϭϭŶŽŶƐŝğĨƌƵŝƚŽ ĚĞůůĂĂƐƐŝƐƚĞŶnjĂĚĞů&/ŶƚĞƌƌĞŐŝŽŶĂůĞ ŝƉĞŶĚĞŶƚŝ^ƌů͘

ƉĞƌ ů͛ŝŵŵŽďŝůĞ ĂĐƋƵŝƐŝƚŽ ŶĞů ϮϬϭϬ Ž ϮϬϭϭ ĚĂ ƵŶ ƐŽŐŐĞƚƚŽ ĐŚĞ ĂǀĞǀĂƌĂƚĞŝnjnjĂƚŽůĂ ƐƉĞƐĂŝŶϭϬƌĂƚĞĞƉĞƌƚĂŶƚŽŶŽŶƌŝĞŶƚƌĂŶĞŝ ĐĂƐŝ Ěŝ ĐƵŝ Ăŝ ĐŽĚŝĐŝ ϭ Ğ ϯ͖ ŝŶ ƋƵĞƐƚĂ ŝƉŽƐƚĞƐŝ  ŶŽŶ ǀĂŶŶŽ ĐŽŵƉŝůĂƚĞůĞĐŽůŽŶŶĞϲĞϳ͘

K>KEEϲ͗ŝŶĚŝĐĂƌĞů͛ĂŶŶŽŝŶĐƵŝŝůĐŽŶƚƌŝďƵĞŶƚĞĚŝĞƚăƐƵƉĞƌŝŽƌĞĂϳϱŽ ϴϬ ĂŶŶŝ ŚĂ ƌŝĚĞƚĞƌŵŝŶĂƚŽ ůĂ ƌĂƚĞĂnjŝŽŶĞ ;ů͛ĂŶŶŽ Ěŝ ƉƌŝŵĂ ƌŝĚĞƚĞƌŵŝŶĂnjŝŽŶĞͿ͖ K>KEEϳ͗ŝŶĚŝĐĂƌĞŝůŶƵŵĞƌŽĚŝƌĂƚĞ;ϱŽϭϬͿŝŶĐƵŝĞƌĂƐƚĂƚĂƌŝƉĂƌƚŝƚĂ ŝŶŝnjŝĂůŵĞŶƚĞůĂƐƉĞƐĂŶĞůů͛ĂŶŶŽĚĞůƐƵŽƐŽƐƚĞŶŝŵĞŶƚŽ͘ K>KEEϴ͗ŝŶĚŝĐĂƌĞŝůŶƵŵĞƌŽĚĞůůĂƌĂƚĂĐŚĞƐŝƵƚŝůŝnjnjĂƉĞƌŝůϮϬϭϭ͘ K>KEEϵ͗ů͛ŝŶƚĞƌŽŝŵƉŽƌƚŽĚĞůůĞƐƉĞƐĞƐŽƐƚĞŶƵƚĞ͘/ŶĐĂƐŽĚŝĂĐƋƵŝƐƚŽ Ěŝ ŝŵŵŽďŝůĞ ƌŝƐƚƌƵƚƚƵƌĂƚŽ ŝŶĚŝĐĂƌĞ ŝů Ϯϱй ĚĞů ƉƌĞnjnjŽ Ěŝ ĂĐƋƵŝƐƚŽ͖ ƉĞƌ 14 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


ů͛ĂĐƋƵŝƐƚŽ ĚĞů ŐĂƌĂŐĞ ŝŶĚŝĐĂƌĞ ŝů ĐŽƐƚŽ ƐŽƐƚĞŶƵƚŽ ĚĂů ĐŽƐƚƌƵƚƚŽƌĞ ĐŽƐŞ ĐŽŵĞĚĂůƵŝĐĞƌƚŝĨŝĐĂƚŽ͘ K>KEEϭϬ͗ƉĞƌůĂǀŽƌŝŝŶŝnjŝĂƚŝŶĞůϮϬϭϭ͕ŝŶĚŝĐĂƌĞŝůŶ͘ƉƌŽŐƌĞƐƐŝǀŽĐŚĞ ŝĚĞŶƚŝĨŝĐĂů͛ŝŵŵŽďŝůĞŶĞŝƐƵĐĐĞƐƐŝǀŝϱϭͶϱϯ Z/',/ ϱϭͲϱϯ ͗ ĚĂ ĐŽŵƉŝůĂƌĞ ƉĞƌ ů͛ŝĚĞŶƚŝĨŝĐĂnjŝŽŶĞ ĐĂƚĂƐƚĂůĞ ĚĞŐůŝ ŝŵŵŽďŝůŝ ƉĞƌ ŝ ƋƵĂůŝ ŶŽŶ ğ ƐƚĂƚĂ ŝŶǀŝĂƚĂ ůĂ ĐŽŵƵŶŝĐĂnjŝŽŶĞ ƉƌĞǀĞŶƚŝǀĂ Ăů ĞŶƚƌŽ^ĞƌǀŝnjŝĚŝWĞƐĐĂƌĂ;ůĂǀŽƌŝŝŶŝnjŝĂƚŝĚĂůϭϰͲϬϱͲϮϬϭϭͿ ; ďĂƌƌĂƌĞ ůĂ ĐŽůŽŶŶĂ Ϯ ƐĞ ŝ ůĂǀŽƌŝ ƐŽŶŽ ŝŶŝnjŝĂƚŝ ƉƌŝŵĂ ĚĞů ϭϰͲϬϱͲϭϭ Ž ƐĞ ƐŽŶŽƐƚĂƚŝĞƐĞŐƵŝƚŝƐƵƉĂƌƚŝĐŽŶĚŽŵŝŶŝĂůŝĚŽƉŽŝůϭϰͲϬϱͲϭϭͿ͘

  ^ĞnjŝŽŶĞ/sKŶĞƌŝƉĞƌŝƋƵĂůŝğƌŝĐŽŶŽƐĐŝƵƚĂůĂĚĞƚƌĂnjŝŽŶĞĚŝŝŵƉŽƐƚĂĚĞůϱϱй  /ŶĚŝĐĂƌĞŝŶƋƵĞƐƚĂƐĞnjŝŽŶĞůĞƐƉĞƐĞ ƐŽƐƚĞŶƵƚĞŶĞůϮϬϭϭĞͬŽŶĞŐůŝĂŶŶŝĚĂů ϮϬϬϴĂůϮϬϭϬƉĞƌŝŶƚĞƌǀĞŶƚŝ ĨŝŶĂůŝnjnjĂƚŝ Ăů ƌŝƐƉĂƌŵŝŽ ĞŶĞƌŐĞƚŝĐŽ ĞƐĞŐƵŝƚŝ ƐƵ ĞĚŝĨŝĐŝ ĞƐŝƐƚĞŶƚŝ͕ Ěŝ ƋƵĂůƐŝĂƐŝ ĐĂƚĞŐŽƌŝĂ ĐĂƚĂƐƚĂůĞ ĂŶĐŚĞ ƌƵƌĂůĞ͘EŽŶƐŽŶŽĂŐĞǀŽůĂďŝůŝůĞƐƉĞƐĞĞĨĨĞƚƚƵĂƚĞŝŶĐŽƌƐŽĚŝĐŽƐƚƌƵnjŝŽŶĞĚĞůů͛ŝŵŵŽďŝůĞ͘ Zd͗ƉĞƌůĞƐƉĞƐĞƐŽƐƚĞŶƵƚĞŶĞůϮϬϭϭůĂĚĞƚƌĂnjŝŽŶĞĚĞǀĞĞƐƐĞƌĞƌŝƉĂƌƚŝƚĂŝŶϭϬƌĂƚĞ͘ d/WK>K'/ / /EdZsEdK ^ŝ ƌŝŶǀŝĂ ĂůůĂ 'ƵŝĚĂ ĨŝƐĐĂůĞ ƐƵůůĞ ĂŐĞǀŽůĂnjŝŽŶŝ ĨŝƐĐĂůŝ ƉĞƌ ŝů ƌŝƐƉĂƌŵŝŽ ĞŶĞƌŐĞƚŝĐŽ ƐƵů ƐŝƚŽ ĚĞůů͛ŐĞŶnjŝĂ ĚĞůůĞ ŶƚƌĂƚĞ ͕фф  ǁǁǁ͘ĂŐĞŶnjŝĂĞŶƚƌĂƚĞ͘ŝƚ ʹ ŽĐƵŵĞŶƚĂnjŝŽŶĞ ʹ 'ƵŝĚĞ ĨŝƐĐĂůŝ Ͳ >Ğ ĂŐĞǀŽůĂnjŝŽŶŝ ĨŝƐĐĂůŝ ƉĞƌ ŝů ƌŝƐƉĂƌŵŝŽ ĞŶĞƌŐĞƚŝĐŽ͘ƉĚĨ хх ƉĞƌ ůĂ ĚĞƐĐƌŝnjŝŽŶĞ ĚĞŝ ĚŝǀĞƌƐŝ ƚŝƉŝ Ěŝ ŝŶƚĞƌǀĞŶƚŝƌĞĂůŝnjnjĂďŝůŝĞĚĞŝƌĞƋƵŝƐŝƚŝƚĞĐŶŝĐŝŶĞĐĞƐƐĂƌŝƉĞƌůĂĚĞƚƌĂnjŝŽŶĞĚĞůůĂƐƉĞƐĂ͘ K/

ϭ

ĚĞƐĐƌŝnjŝŽŶĞ

^ƉĞƐĂŵĂƐƐŝŵĂƐƵĐƵŝĐĂůĐŽůĂƌĞůĂĚĞƚƌĂnjŝŽŶĞ

Z/Yh>/&//KEEZ'd/

>ŝŵŝƚĞ͗ϭϴϭ͘ϴϭϴ͕ϭϴΦ ;ĚĞƚƌĂnjŝŽŶĞŵĂƐƐŝŵĂƐƉĞƚƚĂŶƚĞϭϬϬ͘ϬϬϬͿ

/EsK>hZK/&//



;ƉĂƌĞƚŝ͕ ĨŝŶĞƐƚƌĞ͕ ĐŽŵƉƌĞƐŝ Őůŝ >ŝŵŝƚĞ͗ϭϬϵ͘ϬϵϬ͕ϵϬΦ ŝŶĨŝƐƐŝ͕ƐƵĞĚŝĨŝĐŝĞƐŝƐƚĞŶƚŝͿ ;ĚĞƚƌĂnjŝŽŶĞŵĂƐƐŝŵĂƐƉĞƚƚĂŶƚĞϲϬ͘ϬϬϬͿ

Ϯ

/E^d>>/KE/WEE>>/^K>Z/

ϯ

>ŝŵŝƚĞ͗ϭϬϵ͘ϬϵϬ͕ϵϬΦ ;ĚĞƚƌĂnjŝŽŶĞŵĂƐƐŝŵĂƐƉĞƚƚĂŶƚĞϲϬ͘ϬϬϬͿ

ϰ

^K^d/dh/KE'>//DW/Ed//



>/Dd//KE/EsZE>

>ŝŵŝƚĞ͗ϱϰ͘ϱϰϱ͕ϰϱΦ ;ĚĞƚƌĂnjŝŽŶĞŵĂƐƐŝŵĂƐƉĞƚƚĂŶƚĞϯϬ͘ϬϬϬͿ

KhDEd/KEWZ^EdZ͗ ϭ͘

ůĞ ĨĂƚƚƵƌĞ Ž ůĞ ƌŝĐĞǀƵƚĞ ĨŝƐĐĂůŝ ĐŽŵƉƌŽǀĂŶƚŝ ůĞ ƐƉĞƐĞ ĞĨĨĞƚƚŝǀĂŵĞŶƚĞ ƐŽƐƚĞŶƵƚĞ ƉĞƌ ůĂ ƌĞĂůŝnjnjĂnjŝŽŶĞ ĚĞŐůŝ ŝŶƚĞƌǀĞŶƚŝƌŝƉŽƌƚĂŶƚŝŝůĐŽƐƚŽĚĞůůĂŵĂŶŽĚŽƉĞƌĂ;ƐŽůŽƉĞƌůĞĨĂƚƚƵƌĞĐŽŶĚĂƚĂĂŶƚĞĐĞĚĞŶƚĞŝůϭϰͬϬϱͬϭϭͿ͖

Ϯ͘

>͛ ĂƐƐĞǀĞƌĂnjŝŽŶĞ ƌĞĚĂƚƚĂ ĚĂ ƵŶ ƚĞĐŶŝĐŽ ĂďŝůŝƚĂƚŽ Ž ĚĂů ĚŝƌĞƚƚŽƌĞ ůĂǀŽƌŝ ͕ĐŚĞ ĂƚƚĞƐƚŝ ůĂ ƌŝƐƉŽŶĚĞŶnjĂ ĚĞŐůŝ ŝŶƚĞƌǀĞŶƚŝĂŝƌĞƋƵŝƐŝƚŝƚĞĐŶŝĐŝƌŝĐŚŝĞƐƚŝ͖ğƐƵĨĨŝĐŝĞŶƚĞůĂĐĞƌƚŝĨŝĐĂnjŝŽŶĞĚĞůƉƌŽĚƵƚƚŽƌĞƉĞƌůĂƐŽƐƚŝƚƵnjŝŽŶĞĚŝ ŝŵƉŝĂŶƚŝƚĞƌŵŝĐŝĐŽŶĐĂůĚĂŝĞĂĐŽŶĚĞŶƐĂnjŝŽŶĞĞǀĂůǀŽůĞƚĞƌŵŽƐƚĂƚŝĐŚĞĚŝƉŽƚĞŶnjĂŝŶĨĞƌŝŽƌĞĂϭϬϬŬtĞůĂ ƐŽƐƚŝƚƵnjŝŽŶĞĚŝĨŝŶĞƐƚƌĞĐŽŵƉƌĞŶƐŝǀĞĚŝŝŶĨŝƐƐŝ͖

ϯ͘

ů͛ĂƚƚĞƐƚĂƚŽ Ěŝ ĐĞƌƚŝĨŝĐĂnjŝŽŶĞ Ž ƋƵĂůŝĨŝĐĂnjŝŽŶĞ ĞŶĞƌŐĞƚŝĐĂ ƌĞĚĂƚƚŽ ĚĂ ƵŶ ƚĞĐŶŝĐŽ ĂďŝůŝƚĂƚŽ Ăů ƚĞƌŵŝŶĞ ĚĞŝ ůĂǀŽƌŝ͘EŽŶğƌŝĐŚŝĞƐƚŽƉĞƌŝůĂǀŽƌŝƌĞĂůŝnjnjĂƚŝĚĂůϬϭͲϬϭͲϬϴƌŝĨĞƌŝƚŝĂƐŽƐƚŝƚƵnjŝŽŶĞĚŝĨŝŶĞƐƚƌĞĐŽŵƉƌĞŶƐŝǀŝĚŝ

15 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


ŝŶĨŝƐƐŝ͕ŝŶƐƚĂůůĂnjŝŽŶĞĚŝƉĂŶŶĞůůŝƐŽůĂƌŝ͕ƐŽƐƚŝƚƵnjŝŽŶĞĚĞŐůŝŝŵƉŝĂŶƚŝĚŝĐůŝŵĂƚŝnjnjĂnjŝŽŶĞŝŶǀĞƌŶĂůĞĐŽŶĐĂůĚĂŝĞĂ ĐŽŶĚĞŶƐĂnjŝŽŶĞ;ŝŶƋƵĞƐƚŽĐĂƐŽĚĂůϭϱͲϬϴͲϬϵͿ͖ ϰ͘

ůĂƌŝĐĞǀƵƚĂĚĞůďŽŶŝĨŝĐŽďĂŶĐĂƌŝŽŽƉŽƐƚĂůĞĂƚƚƌĂǀĞƌƐŽŝůƋƵĂůĞğƐƚĂƚŽĞĨĨĞƚƚƵĂƚŽŝůƉĂŐĂŵĞŶƚŽƌŝƉŽƌƚĂŶƚĞůĂ ĐĂƵƐĂůĞĚĞůďŽŶŝĨŝĐŽ͕ŝůŽĚŝĐĞ&ŝƐĐĂůĞĚĞůů͛ŽƌĚŝŶĂŶƚĞĞůĂW͘/sĚĞůďĞŶĞĨŝĐŝĂƌŝŽ͖

ϱ͘

ƉĞƌ ŝŶƚĞƌǀĞŶƚŝ ĞĨĨĞƚƚƵĂƚŝ ƐƵ ƉĂƌƚŝ ĐŽŵƵŶŝ Ěŝ ĞĚŝĨŝĐŝ ĚĞǀŽŶŽ ĞƐƐĞƌĞ ĞƐŝďŝƚĞ ůĂ ĐŽƉŝĂ ĚĞůůĂ ĚĞůŝďĞƌĂ ĂƐƐĞŵďůĞĂƌĞĞůĂƚĂďĞůůĂŵŝůůĞƐŝŵĂůĞĚŝƌŝƉĂƌƚŝnjŝŽŶĞĚĞůůĞƐƉĞƐĞ͖

ϲ͘

ůĂĚŝĐŚŝĂƌĂnjŝŽŶĞĚŝĐŽŶƐĞŶƐŽĂůů͛ĞƐĞĐƵnjŝŽŶĞĚĞŝůĂǀŽƌŝĚĂƉĂƌƚĞĚĞůƉƌŽƉƌŝĞƚĂƌŝŽƉĞƌŝůĂǀŽƌŝĞĨĨĞƚƚƵĂƚŝĚĂů ĚĞƚĞŶƚŽƌĞĚĞůů͛ŝŵŵŽďŝůĞ͖

ϳ͘

ůĂ ƐĐŚĞĚĂ ŝŶĨŽƌŵĂƚŝǀĂ ƐƵŐůŝ ŝŶƚĞƌǀĞŶƚŝ ƌĞĂůŝnjnjĂƚŝ ƌĞĚĂƚƚĂ ĚĂ ƵŶ ƚĞĐŶŝĐŽ ĂďŝůŝƚĂƚŽ н ƌŝĐĞǀƵƚĂ ĚĞůů͛ŝŶǀŝŽ ƚĞůĞŵĂƚŝĐŽĂůů͛E;ĚĂĞĨĨĞƚƚƵĂƌƐŝĞŶƚƌŽϵϬŐŝŽƌŶŝĚĂůůĂĨŝŶĞĚĞŝůĂǀŽƌŝͿ͘



^ĞnjŝŽŶĞsĞƚƌĂnjŝŽŶŝƉĞƌĐĂŶŽŶŝĚŝůŽĐĂnjŝŽŶĞ  Z/'K ϳϭ dZ/KE WZ '>/ /EYh/>/E/ / >>K''/ //d/  /d/KE  WZ/E/W>  >Ă ĚĞƚƌĂnjŝŽŶĞ ƌŝŐƵĂƌĚĂ ŝ ĐŽŶƚƌŝďƵĞŶƚŝ ŝŶƚĞƐƚĂƚĂƌŝ Ěŝ ĐŽŶƚƌĂƚƚŝ Ěŝ  WƌĞƐĞŶƚĂƌĞ ĐŽƉŝĂ ĚĞů ĐŽŶƚƌĂƚƚŽ Ěŝ ůŽĐĂnjŝŽŶĞ Ğ ĐĞƌƚŝĨŝĐĂƚŽ Ěŝ /ŶĚŝĐĂƌĞŶĞůůĂĐŽůŽŶŶĂϭŝƐĞŐƵĞŶƚŝĐŽĚŝĐŝ͗ ƌĞƐŝĚĞŶnjĂ ĂŶĂŐƌĂĨŝĐĂ ƉĞƌ ŝ ϭ͘ ĂǀĞƌ ƐƚŝƉƵůĂƚŽ Ž ƌŝŶŶŽǀĂƚŽ ŝů ĐŽŶƚƌĂƚƚŽ Ăŝ ƐĞŶƐŝ ĚĞůůĞ >ĞŐŐĞ ĐŽŶƚƌĂƚƚŝƐƚŝƉƵůĂƚŝŝŶĐŽƌƐŽĚ͛ĂŶŶŽ͘ ϰϯϭͬϭϵϵϴ͖ ;ƉĞƌ ƌĞĚĚŝƚŝ ƐƵƉĞƌŝŽƌŝ Ă ĞƵƌŽ ϯϬ͘ϵϴϳ ŶŽŶ ƐƉĞƚƚĂ  ĂůĐƵŶĂĚĞƚƌĂnjŝŽŶĞͿ ůŽĐĂnjŝŽŶĞĚŝŝŵŵŽďŝůĞƵƚŝůŝnjnjĂƚŽĐŽŵĞĂďŝƚĂnjŝŽŶĞƉƌŝŶĐŝƉĂůĞ͘

Ϯ͘

ĂǀĞƌƐƚŝƉƵůĂƚŽŽƌŝŶŶŽǀĂƚŽŝůĐŽŶƚƌĂƚƚŽĂŝƐĞŶƐŝĚĞůůĂ>͘Ŷ͘ϰϯϭ ĚĞůϭϵϵϴĂƌƚ͘ϮĐŽŵŵĂϯĞĂƌƚ͘ϰĐŽŵŵŝϮĞϯ ;ƉĞƌƌĞĚĚŝƚŝ ƐƵƉĞƌŝŽƌŝĂĞƵƌŽϯϬ͘ϵϴϳŶŽŶƐƉĞƚƚĂĂůĐƵŶĂĚĞƚƌĂnjŝŽŶĞͿ͖

ϯ͘

ĂǀĞƌ ƐƚŝƉƵůĂƚŽ Ž ƌŝŶŶŽǀĂƚŽ ŝů ĐŽŶƚƌĂƚƚŽ Ăŝ ƐĞŶƐŝ ĚĞůůĞ >ĞŐŐĞ ϰϯϭͬϭϵϵϴ ĞĚ ĂǀĞƌĞ ƵŶ͛Ğƚă ĐŽŵƉƌĞƐĂ ƚƌĂ ŝ ϮϬ Ğ ŝ ϯϬ ĂŶŶŝ͗ ŝŶ ƚĂůĞ ŝƉŽƚĞƐŝ ů͛ŝŵŵŽďŝůĞ ĚĞǀĞ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ ĚĂ ƋƵĞůůŽ ĚĞƐƚŝŶĂƚŽĂĚĂďŝƚĂnjŝŽŶĞƉƌŝŶĐŝƉĂůĞĚĞŝŐĞŶŝƚŽƌŝŽĚŝĐŽůŽƌŽĐƵŝ ƐŽŶŽ ĂĨĨŝĚĂƚŝ ;ƉĞƌ ƌĞĚĚŝƚŝ ƐƵƉĞƌŝŽƌŝ Ă ĞƵƌŽ ϭϱ͘ϰϵϯ ŶŽŶ ƐƉĞƚƚĂ ĂůĐƵŶĂĚĞƚƌĂnjŝŽŶĞͿddE/KE͗ĐŽŶŝůĐŽĚŝĐĞϯůĂĚĞƚƌĂnjŝŽŶĞ ƐƉĞƚƚĂ ƉĞƌ ŝ Ɖƌŝŵŝ ϯ ĂŶŶŝ ĚĂůůĂ ƐƚŝƉƵůĂ ; ĞƐ͗ ƐĞ ƐƚŝƉƵůĂƚŽ ŶĞů ϮϬϭϭůĂĚĞƚƌĂnjŝŽŶĞǀĂůĞĂŶĐŚĞƉĞƌŝůϮϬϭϮĞϮϬϭϯͿ͘

 ĐŽůŽŶŶĂϮ͗ŝŶĚŝĐĂƌĞŝůŶƵŵĞƌŽĚĞŝŐŝŽƌŶŝŶĞŝƋƵĂůŝů͛ƵŶŝƚăŝŵŵŽďŝůŝĂƌĞ ůŽĐĂƚĂğƐƚĂƚĂĂĚŝďŝƚĂĂĚĂďŝƚĂnjŝŽŶĞƉƌŝŶĐŝƉĂůĞ ĐŽůŽŶŶĂϯ͗ŝŶĚŝĐĂƌĞůĂƉĞƌĐĞŶƚƵĂůĞĚŝƐƉĞƚƚĂŶnjĂĚĞůůĂĚĞƚƌĂnjŝŽŶĞŶĞů ĐĂƐŽŝŶĐƵŝŝůĐŽŶƚƌĂƚƚŽĚŝůŽĐĂnjŝŽŶĞğŝŶƚĞƐƚĂƚŽĂƉŝƶƐŽŐŐĞƚƚŝ͘ 

16 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


Z/'K ϳϮ d/ Z>d/s/ >> dZ/KE WZ / >sKZdKZ/ /WEEd/ ,  dZ^&Z/^KEK>Z^/EWZDKd/s//>sKZK  ;WZYh>hEYhKEdZddK/>K/KEͿ  



>dZ/KE^Wdd/>sKZdKZ//WEEd/,͗

- ŚĂŶŶŽƚƌĂƐĨĞƌŝƚŽůĂƉƌŽƉƌŝĂƌĞƐŝĚĞŶnjĂŶĞůĐŽŵƵŶĞĚŝůĂǀŽƌŽŽŝŶ ƵŶ ĐŽŵƵŶĞ ůŝŵŝƚƌŽĨŽ ŶĞŝ ƚƌĞ ĂŶŶŝ ĂŶƚĞĐĞĚĞŶƚŝ Ă ƋƵĞůůŽ Ěŝ ƌŝĐŚŝĞƐƚĂĚĞůůĂĚĞƚƌĂnjŝŽŶĞ͖ - ŝůŶƵŽǀŽĐŽŵƵŶĞ ƐŝƚƌŽǀŝĂŶŽŶŵĞŶŽĚŝϭϬϬ <ŵĚŝĚŝƐƚĂŶnjĂĚĂů ƉƌĞĐĞĚĞŶƚĞĞ͕ŝŶŽŐŶŝĐĂƐŽ͕ĂůĚŝĨƵŽƌŝĚĞůůĂƉƌĞĐĞĚĞŶƚĞƌĞŐŝŽŶĞ͖ - ƐŝĂŶŽƚŝƚŽůĂƌŝĚŝƋƵĂůƵŶƋƵĞƚŝƉŽĚŝĐŽŶƚƌĂƚƚŽĚŝůŽĐĂnjŝŽŶĞĚŝƵŶŝƚă ŝŵŵŽďŝůŝĂƌĞ ĂĚŝďŝƚĂ ĂĚ ĂďŝƚĂnjŝŽŶĞ ƉƌŝŶĐŝƉĂůĞ ĚĞŐůŝ  ƐƚĞƐƐŝ Ğ ƐŝƚƵĂƚĂŶĞůŶƵŽǀŽĐŽŵƵŶĞĚŝƌĞƐŝĚĞŶnjĂ͘

 WƌĞƐĞŶƚĂƌĞ ĐŽƉŝĂ ĚĞů ĐŽŶƚƌĂƚƚŽ Ěŝ ůŽĐĂnjŝŽŶĞ Ğ ĐĞƌƚŝĨŝĐĂƚŽ Ěŝ ƌĞƐŝĚĞŶnjĂĂŶĂŐƌĂĨŝĐĂƌŝƉŽƌƚĂŶƚĞůĂ ƉƌŽǀĞŶŝĞŶnjĂ Ğ ůĂ ĚĂƚĂ Ěŝ ǀĂƌŝĂnjŝŽŶĞ͘ 



d> dZ/KE ^Wdd ^K>K WZ / WZ/D/ dZ EE/ > dZ^&Z/DEdK >> Z^/E͕ Yh/E/  ^DW/K ^ /> dZ^&Z/DEdK >> Z^/E  ssEhdK  KddKZ ϮϬϭϬ͕ > dZ/KE ^Wdd ^K>K WZ '>/ EE/ / /DWK^d > ϮϬϭϬ &/EK > ϮϬϭϮ͘

ƚƚĞŶnjŝŽŶĞ - >ĂĚĞƚƌĂnjŝŽŶĞŶŽŶƐƉĞƚƚĂĂŝƚŝƚŽůĂƌŝĚŝƌĞĚĚŝƚŝĂƐƐŝŵŝůĂƚŝĂůůĂǀŽƌŽ ĚŝƉĞŶĚĞŶƚĞ - /ůĚŝƌŝƚƚŽĂůůĂĚĞƚƌĂnjŝŽŶĞƐŝƉĞƌĚĞĚĂůů͛ĂŶŶŽƐƵĐĐĞƐƐŝǀŽĂƋƵĞůůŽ ŝŶĐƵŝŝůĐŽŶƚƌŝďƵĞŶƚĞĐĞƐƐĂĚŝĞƐƐĞƌĞůĂǀŽƌĂƚŽƌĞĚŝƉĞŶĚĞŶƚĞ͘  ůĞ ĚĞƚƌĂnjŝŽŶŝ Ěŝ ĐƵŝ Ăŝ ƌŝŐŚŝ  ϳϭ ;ƌĞůĂƚŝǀĂŵĞŶƚĞ ĂĚ ŽŐŶŝ ĐŽĚŝĐĞͿ Ğ ϳϮ ƐŽŶŽ ĂůƚĞƌŶĂƚŝǀĞ͕ ƉĞƌ ĐƵŝ͕ ƌŝĐŽƌƌĞŶĚŽŶĞůĞĐŽŶĚŝnjŝŽŶŝ͕ğƉŽƐƐŝďŝůĞƐĐĞŐůŝĞƌĞůĂƉŝƶĨĂǀŽƌĞǀŽůĞ͘/ůĐŽŶƚƌŝďƵĞŶƚĞƉƵžďĞŶĞĨŝĐŝĂƌĞĚŝƉŝƶ ĚĞƚƌĂnjŝŽŶŝƐĞƉĞƌĂůĐƵŶĞƉĂƌƚŝĚĞůů͛ĂŶŶŽƐŝƚƌŽǀĂŝŶƵŶĂĚĞůůĞ ƐŝƚƵĂnjŝŽŶŝƉƌĞǀŝƐƚĞ͘ŝŶƚĂů ĐĂƐŽŝůŶƵŵĞƌŽĚŝ ŐŝŽƌŶŝŝŶĚŝĐĂƚŝĂĐŽůŽŶŶĂϭĚĞůůĞĚĞƚƌĂnjŝŽŶŝƐĐĞůƚĞŶŽŶƉƵžƐƵƉĞƌĂƌĞϯϲϱ͘

 >DEdZ ^ĞnjŝŽŶĞs/ůƚƌĞĚĞƚƌĂnjŝŽŶŝĚŝŝŵƉŽƐƚĂ  Z/'KϴϮK>KEEϮ;EEKϮϬϬϵͿ

ƌŝƉŽƌƚĂƌĞ ůĂ ƐƉĞƐĂ ƐŽƐƚĞŶƵƚĂ ŶĞů ϮϬϬϵ ƉĞƌ ůĂ ƋƵĂůĞ ^W^ WZ Yh/^dK / DK/>/͕ >ddZKKD^d//͕ WWZ,/ ƐƉĞƚƚĂůĂĚĞƚƌĂnjŝŽŶĞƉĞƌůĂƚĞƌnjĂĚŝϱƌĂƚĞ d>s/^/s/  KDWhdZ &/E>/dK >>͛ZZK / /DDK/>/ /dd/s/ Z/^dZhddhZd/



17 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


 YhZK&͗>dZ/d/

Z 

KhDEd/KE>>'Z

Z/'K&ϭsZ^DEd//ZW&/EKEdK



/ZW&͗ /ŶĚŝĐĂƌĞ ƋƵĂŶƚŽ ƌŝƉŽƌƚĂƚŽ ŶĞŝ ƉƵŶƚŝ Ϯϭ Ğ ϮϮ  ĚĞů h ϮϬϭϮ ƌŝƐƉĞƚƚŝǀĂŵĞŶƚĞ ŝŶ ĐŽůŽŶŶĂ ϭ Ğ ŝŶ ĐŽůŽŶŶĂ Ϯ ĚĞů ϳϯϬ Ž ů͛ŝŵƉŽƌƚŽ ƌŝƐƵůƚĂŶƚĞ ĚĂů DŽĚ͘ &Ϯϰ ĐŽŶ ŝ ĐŽĚŝĐŝ ϰϬϯϯ Ğ ϰϬϯϰ ŝŶ ĐĂƐŽĚŝǀĞƌƐĂŵĞŶƚŽĚŝƌĞƚƚŽ;ƐŽůŽƉĞƌŝůĐŽĚŝĐĞϰϬϯϯƌŝĐŽƌĚĂƌƐŝĚŝ ƐĐŽƌƉŽƌĂƌĞ ůĂ ŵĂŐŐŝŽƌĂnjŝŽŶĞ ĚĞůůŽ Ϭ͕ϰй ƉĞƌ ƉĂŐĂŵĞŶƚŝ ĞĨĨĞƚƚƵĂƚŝŝůϭϲůƵŐůŝŽĂŶnjŝĐŚĠŝůϭϲŐŝƵŐŶŽͿ

 ĞůĞŐŚĞďĂŶĐĂƌŝĞDŽĚ͘&ϮϰŽŵŽĚĞůůŽh 

/,/Z/KEKE'/hEd͗ŝŶĐĂƐŽĚŝ ĚŝĐŚŝĂƌĂnjŝŽŶĞĐŽŶŐŝƵŶƚĂŐůŝŝŵƉŽƌƚŝǀĞƌƐĂƚŝĂƚŝƚŽůŽĚŝ ĂĐĐŽŶƚŽĚĞůĚŝĐŚŝĂƌĂŶƚĞĞĚĞůĐŽŶŝƵŐĞEKEǀĂŶŶŽ KEdK ͘> KDhE>͗ /ŶĚŝĐĂƌĞ ŝŶ ĐŽůŽŶŶĂ ϰ ƋƵĂŶƚŽ ƐŽŵŵĂƚŝĞĚŝŶĚŝĐĂƚŝŶĞůƌŝŐŽ&ϭĚĞůĚŝĐŚŝĂƌĂŶƚĞ͕ŵĂ ƌŝƉŽƌƚĂƚŽ ŶĞů ƉƵŶƚŝ Ϯϰ ĚĞů h ϮϬϭϮ Ğ ŝŶ ĐŽůŽŶŶĂ ϱ ƐĞ ŝů ǀĂŶŶŽĚŝĐŚŝĂƌĂƚŝƐĞƉĂƌĂƚĂŵĞŶƚĞ͕ĐŝĂƐĐƵŶŽ ǀĞƌƐĂŵĞŶƚŽ ğ ƐƚĂƚŽ ĞƐĞŐƵŝƚŽ ĂƵƚŽŶŽŵĂŵĞŶƚĞ Ğ ƌŝƐƵůƚĂ ĚĂů ƵƚŝůŝnjnjĂŶĚŽŝůƌŝŐŽ&ϭĚĞůƐƵŽDŽĚ͘ϳϯϬ͘ DŽĚ͘ &Ϯϰ ĐŽŶ ŝů ĐŽĚŝĐĞ ϯϴϰϯ ĂŶŶŽ ϮϬϭϭ ŶĞůůĂ ƐĞnjŝŽŶĞ dƌŝďƵƚŝ ůŽĐĂůŝ WZ/DKKEdKK>Z^/ŶĚŝĐĂƌĞŝŶĐŽůŽŶŶĂϲŝ ǀĞƌƐĂŵĞŶƚŝĐŽŶDŽĚ&Ϯϰ͕ĐŽĚ͘ƚƌŝď͘ϭϴϰϬĂŶŶŽĚ͛ŝŵƉŽƐƚĂϮϬϭϭ ^KEKͬhE/KKEdKK>Z^͗ŝŶĚŝĐĂƌĞŝŶ ĐŽůŽŶŶĂϳŝǀĞƌƐĂŵĞŶƚŝĐŽŶDŽĚ&ϮϰĐŽĚ͘ƚƌŝď͘ϭϴϰϭĂŶŶŽ Ě͛ŝŵƉŽƐƚĂϮϬϭϭ Z/'K&ϯͲ&ϰE//DWK^d /ŶĚŝĐĂƌĞůĞĞǀĞŶƚƵĂůŝĞĐĐĞĚĞŶnjĞĚŝ/ZW&ĞĂĚĚŝnjŝŽŶĂůŝƌŝƐƵůƚĂŶƚŝ ĚĂů DŽĚĞůůŽ hŶŝĐŽ ϮϬϭϭ͕ ŶŽŶ ĐŚŝĞƐƚĞ Ă ƌŝŵďŽƌƐŽ Ğ ŶŽŶ ĐŽŵƉĞŶƐĂƚĞ͕ ŶŽŶĐŚĠ Őůŝ ĞǀĞŶƚƵĂůŝ ĐƌĞĚŝƚŝ ĚĂ ĂƐƐŝƐƚĞŶnjĂ ĨŝƐĐĂůĞ ŶŽŶƌŝŵďŽƌƐĂƚŝĚĂůĚĂƚŽƌĞĚŝůĂǀŽƌŽ͕ĐŽƐŞĐŽŵĞŝŶĚŝĐĂƚŝĂŝƉƵŶƚŝ ϯϭ͕ϯϮĞϯϯĚĞůhϮϬϭϮ͘   ĐŽůŽŶŶĂ ϭ ĚĞů ZŝŐŽ &ϰ  ŝŶĚŝĐĂƌĞ ŝů ĐŽĚŝĐĞ ƌĞŐŝŽŶĞ ƌĞůĂƚŝǀŽ Ăů ĚŽŵŝĐŝůŝŽ ĨŝƐĐĂůĞ Ăů ϯϭ ĚŝĐĞŵďƌĞ ϮϬϭϬ ƐŽůŽ ƐĞ ƐŽŶŽ ĐŽŵƉŝůĂƚŝ ŝ ƐƵĐĐĞƐƐŝǀŝĐĂŵƉŝĚĞůƌŝŐŽ͘ 

 



 

ŵŽĚĞůůŽh͖ ĚŝĐŚŝĂƌĂnjŝŽŶĞ ĚĞŝ ƌĞĚĚŝƚŝ DŽĚĞůůŽ hŶŝĐŽ ϮϬϭϭ ĐŽŵƉƌĞŶĚĞŶƚĞ ŝů ƋƵĂĚƌŽ Zy Ğ ůĂ ƌŝĐĞǀƵƚĂ Ěŝ ŝŶǀŝŽƚĞůĞŵĂƚŝĐŽ ĚŝĐŚŝĂƌĂnjŝŽŶĞ ĚĞŝ ƌĞĚĚŝƚŝ Ěŝ ĂŶŶŝ ƉƌĞĐĞĚĞŶƚŝ ƋƵĂůŽƌĂ ƉĞƌ ŝů ϮϬϭϬ ŶŽŶ ƐŝĂ ƐƚĂƚĂ ƉƌĞƐĞŶƚĂƚĂ ĂůĐƵŶĂĚŝĐŚŝĂƌĂnjŝŽŶĞ͖ ŵŽĚĞůůŝ Ěŝ ǀĞƌƐĂŵĞŶƚŽ &Ϯϰ ƉĞƌ ĞǀĞŶƚƵĂůŝ ĐŽŵƉĞŶƐĂnjŝŽŶŝĞĨĨĞƚƚƵĂƚĞ͘ ĞǀĞŶƚƵĂůĞ ŵĂŐŐŝŽƌŝ ĐƌĞĚŝƚŝ ĐŽŵƵŶŝĐĂƚŝ ĚĞůů͛ŐĞŶnjŝĂ ĚĞůůĞ ŶƚƌĂƚĞ ƉĞƌ ŝů ƉĞƌŝŽĚŽ Ě͛ŝŵƉŽƐƚĂ ϮϬϭϬ ;ŝŶ ĐĂƐŽ Ěŝ ŵĂŐŐŝŽƌĞ ĐƌĞĚŝƚŽ ĐŽŵƵŶŝĐĂƚŽ Ğ ƌŝĨĞƌŝƚŽ ĂĚ ĂŶŶŝ ƉƌĞĐĞĚĞŶƚŝ Ăů ϮϬϭϬ͕ ŽĐĐŽƌƌĞ ƌĞĐĂƌƐŝ ŝŶ ŐĞŶnjŝĂ ƉĞƌ ƌĞŐŽůĂƌŝnjnjĂƌĞ ŝů ƌŝƉŽƌƚŽ ĚĞů ĐƌĞĚŝƚŽ ĂŐůŝ ĂŶŶŝ ƐƵĐĐĞƐƐŝǀŝĨŝŶŽĂůϮϬϭϬͿ

18 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


 Z/'K&ϲKEd/Zd/KE  E͘͘ ĂƌƌĂƌĞůĂĐĂƐĞůůĂϭƉĞƌŶŽŶĞĨĨĞƚƚƵĂƌĞŝǀĞƌƐĂŵĞŶƚŝĚŝĂĐĐŽŶƚŽ  /ů ĚŝĐŚŝĂƌĂŶƚĞ Ğ ŝů ĐŽŶŝƵŐĞ ƉŽƐƐŽŶŽ ƐĐĞŐůŝĞƌĞ /ZW&ƉĞƌŝůϮϬϭϮ͘ ĂƵƚŽŶŽŵĂŵĞŶƚĞ ůĂ ŵŝƐƵƌĂ ĚĞŐůŝ ĂĐĐŽŶƚŝ ĚĂ  ǀĞƌƐĂƌĞĞ͕ƋƵŝŶĚŝ͕ůĞĐŽůŽŶŶĞĚĂϭĂϲĚĞůƌŝŐŽ ĂƌƌĂƌĞ ůĂ ĐĂƐĞůůĂ ϯ ƉĞƌ ŶŽŶ ǀĞƌƐĂƌĞ ů͛ĂĐĐŽŶƚŽ Ěŝ ĂĚĚŝnjŝŽŶĂůĞ &ϲĚĞů ŵŽĚĞůůŽĚĞůĚŝĐŚŝĂƌĂŶƚĞĞĚŝƋƵĞůůŽĚĞů ĐŽŵƵŶĂůĞƉĞƌŝůϮϬϭϮ͘ ĐŽŶŝƵŐĞ ƉŽƐƐŽŶŽ ƌŝƐƵůƚĂƌĞ ĐŽŵƉŝůĂƚĞ ŝŶ  ĂƌƌĂƌĞ ůĂ ĐĂƐĞůůĂ ϱ ƉĞƌ ŶŽŶ ǀĞƌƐĂƌĞ ů͛ĂĐĐŽŶƚŽ ĚĞůůĂ ĐĞĚŽůĂƌĞ ŵĂŶŝĞƌĂĚŝǀĞƌƐĂ͘ ƐĞĐĐĂƉĞƌŝůϮϬϭϮ͘   /,/Z/KEKE'/hEd͕Zd͗  >Ă ƌĂƚĞĂnjŝŽŶĞ ğ ƵŶŝĐĂ ͗ ƐĞ ƌŝƐƵůƚĂ ĚŝǀĞƌƐŽ ƐƵů /ŶĚŝĐĂƌĞ ŶĞůůĂ ĐĂƐĞůůĂ ϳ ŝů ŶƵŵĞƌŽ ĚĞůůĞ ƌĂƚĞ ƌŝĐŚŝĞƐƚĞ ƉĞƌ ŝů ŵŽĚĞůůŽ ĚĞů ĚŝĐŚŝĂƌĂŶƚĞ Ğ ƐƵů ŵŽĚĞůůŽ ĚĞů ƉĂŐĂŵĞŶƚŽĚĞŐůŝŝŵƉŽƌƚŝĂĚĞďŝƚŽ;ĚĂϮĂĚƵŶŵĂƐƐŝŵŽĚŝϱͿ͘ ĐŽŶŝƵŐĞ ŝů ŶƵŵĞƌŽ Ěŝ ƌĂƚĞ ĐŽŶ ŝů ƋƵĂůĞ Ɛŝ  ƌŝĐŚŝĞĚĞ ůĂ ƌĂƚĞĂnjŝŽŶĞ ĚĞů ĚĞďŝƚŽ ;ĐŽůŽŶŶĂ ϳ   ĚĞůƌŝŐŽ&ϲͿ͕ŝůĂĨĐŽŶƐŝĚĞƌĞƌăƋƵĞůůŽŝŶĚŝĐĂƚŽ  ƐƵůŵŽĚĞůůŽĚĞůŝĐŚŝĂƌĂŶƚĞ͘ Z/'K&ϳ^K'>//^E/KE//KE>KDhE>  ŽŵƉŝůĂŶĚŽ ŝů ƌŝŐŽ ŝů ĐŽŶƚƌŝďƵĞŶƚĞ ĂƚƚĞƐƚĂ ŝů ƉŽƐƐĞƐƐŽ ĚĞŝ ƌĞƋƵŝƐŝƚŝƐŽŐŐĞƚƚŝǀŝƉƌĞǀŝƐƚŝĚĂůůĂĚĞůŝďĞƌĂĐŽŵƵŶĂůĞƉĞƌŝůĚŝƌŝƚƚŽ Ăůů͛ĞƐĞŶnjŝŽŶĞŽĂůů͛ĂůŝƋƵŽƚĂĂŐĞǀŽůĂƚĂ͘  

 >Ă ƐĞnjŝŽŶĞ ǀĂ ĐŽŵƉŝůĂƚĂ ƐŽůŽ ƐĞ ŝů ĐŽŶƚƌŝďƵĞŶƚĞ ƌŝƐŝĞĚĞ ŝŶ ƵŶ ŽŵƵŶĞ ĐŚĞ ŚĂ ĚĞůŝďĞƌĂƚŽ ĐŽŶ ƌŝĨĞƌŝŵĞŶƚŽĂůů͛ĂĚĚŝnjŝŽŶĂůĞĐŽŵƵŶĂůĞƉĞƌŝůϮϬϭϭĞͬŽ ƉĞƌ ŝů ϮϬϭϮ ĚĞůůĞ ƐŽŐůŝĞ Ěŝ ĞƐĞŶnjŝŽŶĞ͕ ƵŶĂ ĂůŝƋƵŽƚĂ ĂŐĞǀŽůĂƚĂ Ž ƵŶĂ ĞƐĞŶnjŝŽŶĞ ƚŽƚĂůĞ ŶŽŶ ŝŶĚŝǀŝĚƵĂďŝůŝ ŶĞŐůŝ ĞůĞŶĐŚŝ ĚĞŝ ĚĂƚŝ ĚĞŝ ŽŵƵŶŝ ĨŽƌŶŝƚŝ ĚĂů DŝŶŝƐƚĞƌŽĚĞůůĞ&ŝŶĂŶnjĞ͕ƉĞƌĐŚĠƌŝĨĞƌŝƚĞĂƉĂƌƚŝĐŽůĂƌŝ ĐŽŶĚŝnjŝŽŶŝ ƐŽŐŐĞƚƚŝǀĞ ; ĂĚ ĞƐ͘ ƉĞƌ ůĂ ĐŽŵƉŽƐŝnjŝŽŶĞ ĚĞůŶƵĐůĞŽĨĂŵŝůŝĂƌĞ͕ƉĞƌĞǀĞŶƚƵĂůŝŚĂŶĚŝĐĂƉ͕͙͘͘Ϳ͘



 

YhZK'͗Z/d///DWK^d   Z/'K'ϭ͗ Z/dK//DWK^dWZ/>Z/Yh/^dK>>WZ/D^͗ƉƌŽĚƵƌƌĞůĂĚŽĐƵŵĞŶƚĂnjŝŽŶĞĚŝƐƵƉƉŽƌƚŽƉĞƌŝůĐĂůĐŽůŽ ĚĞůĐƌĞĚŝƚŽĚŝŝŵƉŽƐƚĂƐƉĞƚƚĂŶƚĞ;ů͛ĂƚƚŽŶŽƚĂƌŝůĞĞůĞĞǀĞŶƚƵĂůŝĨĂƚƚƵƌĞƌĞůĂƚŝǀĞĂůƉƌŝŵŽĂĐƋƵŝƐƚŽ͕ů͛ĂƚƚŽŶŽƚĂƌŝůĞƌĞůĂƚŝǀŽ ĂůůĂƐƵĐĐĞƐƐŝǀĂǀĞŶĚŝƚĂĞů͛ĂƚƚŽŶŽƚĂƌŝůĞĞůĞĞǀĞŶƚƵĂůŝĨĂƚƚƵƌĞƌĞůĂƚŝǀĞĂůƐĞĐŽŶĚŽĂĐƋƵŝƐƚŽ͕ƉĞƌůĂǀĞƌŝĨŝĐĂĚĞůů͛ŝŵƉŽƐƚĂ ĚŝƌĞŐŝƐƚƌŽŽĚĞůů͛/sƉĂŐĂƚĂͿ͘ sĂĂůůĞŐĂƚŽƵŶƉƌŽƐƉĞƚƚŽĚĞŝĐŽŶƚĞŐŐŝĞƐĞŐƵŝƚŝƉĞƌůĂǀĞƌŝĨŝĐĂĚĞůů͛ŝŵƉŽƌƚŽĚĞůĐƌĞĚŝƚŽĚ͛ŝŵƉŽƐƚĂĚŝĐŚŝĂƌĂƚŽ͘ Z/'K'Ϯ͗ Z/d///DWK^dWZEKE/EKEWZW/d/͗ƉĞƌůĂĚĞƚĞƌŵŝŶĂnjŝŽŶĞĚĞůĐƌĞĚŝƚŽğŶĞĐĞƐƐĂƌŝŽů͛ĂƚƚŽĚŝĐŽŶǀĂůŝĚĂ ĚŝƐĨƌĂƚƚŽƉĞƌŵŽƌŽƐŝƚăĞůĞĚŝĐŚŝĂƌĂnjŝŽŶŝĚĞŝƌĞĚĚŝƚŝĚĞŐůŝĂŶŶŝƉĞƌŝƋƵĂůŝŶŽŶğƐƚĂƚŽƉĞƌĐĞƉŝƚŽŝůĐĂŶŽŶĞ͕ĂůĨŝŶĞĚŝ ƉŽƚĞƌŽƉĞƌĂƌĞůĂƌŝůŝƋƵŝĚĂnjŝŽŶĞĞĚĞƚĞƌŵŝŶĂƌĞůĞŵĂŐŐŝŽƌŝŝŵƉŽƐƚĞƉĂŐĂƚĞƉĞƌĞĨĨĞƚƚŽĚĞŝĐĂŶŽŶŝŶŽŶƉĞƌĐĞƉŝƚŝ͘ sĂĂůůĞŐĂƚŽĂŶĐŚĞƵŶƉƌŽƐƉĞƚƚŽĚĞŝĐŽŶƚĞŐŐŝĞƐĞŐƵŝƚŝƉĞƌůĂǀĞƌŝĨŝĐĂĚĞůů͛ŝŵƉŽƌƚŽĚŝĐŚŝĂƌĂƚŽĚĞůĐƌĞĚŝƚŽĚ͛ŝŵƉŽƐƚĂ͘  19 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


^/KE///ʹZ/dK//DWK^dWZZ/d/WZKKdd/>>͛^dZK YƵĞƐƚŽƌŝŐŽǀĂĐŽŵƉŝůĂƚŽĚĂŝĐŽŶƚƌŝďƵĞŶƚŝĐŚĞŚĂŶŶŽƉĞƌĐĞƉŝƚŽƌĞĚĚŝƚŝŝŶƵŶƉĂĞƐĞƐƚƌĂŶŝĞƌŽŶĞůƋƵĂůĞ ƐŽŶŽƐƚĂƚĞ ƉĂŐĂƚĞŝŵƉŽƐƚĞĂƚŝƚŽůŽĚĞĨŝŶŝƚŝǀŽ͕ƉĞƌůĞƋƵĂůŝŝů&ƉƵžƌŝĐŽŶŽƐĐĞƌĞƵŶĐƌĞĚŝƚŽĚ͛ŝŵƉŽƐƚĂ͘ >Ğ ŝŵƉŽƐƚĞ ĚĂ ŝŶĚŝĐĂƌĞ ƐŽŶŽ ƋƵĞůůĞ ĚŝǀĞŶƵƚĞ ĚĞĨŝŶŝƚŝǀĞ Ă ƉĂƌƚŝƌĞ ĚĂů ϮϬϭϭ ;ƐĞ ŶŽŶ Őŝă ŝŶĚŝĐĂƚĞ ŶĞůůĂ ĚŝĐŚŝĂƌĂnjŝŽŶĞ ĚĞůů͛ĂŶŶŽƉƌĞĐĞĚĞŶƚĞͿƐŝŶŽĂůƚĞƌŵŝŶĞĚŝƉƌĞƐĞŶƚĂnjŝŽŶĞĚĞůŵŽĚĞůůŽϳϯϬͬϮϬϭϮ͘ KhDEd/KEWZ^EdZ͗ -

ĐĞƌƚŝĨŝĐĂnjŝŽŶĞĚĞůůĞŝŵƉŽƐƚĞƉĂŐĂƚĞĂůů͛ĞƐƚĞƌŽŝŶǀŝĂĚĞĨŝŶŝƚŝǀĂƉĞƌů͛ĂƚƚƌŝďƵnjŝŽŶĞĚĞůĐƌĞĚŝƚŽĚŝŝŵƉŽƐƚĂ

-

ƉƌŽƐƉĞƚƚŽĚŝĐĂůĐŽůŽĚĞůĐƌĞĚŝƚŽĚ͛ŝŵƉŽƐƚĂĚŝĐŚŝĂƌĂƚŽ͘^ƵůƐŝƚŽĚĞůĂĨ/ŶƚĞƌƌĞŐŝŽŶĂůĞǁǁǁ͘ĐĂĨŝŶƚĞƌƌĞŐŝŽŶĂůĞ͘ŝƚͲ ŽĐƵŵĞŶƚŝƐĐĂƌŝĐĂďŝůŝͲğĚŝƐƉŽŶŝďŝůĞƵŶŵŽĚĞůůŽƉĞƌůĂĐŽƌƌĞƚƚĂĐŽŵƉŝůĂnjŝŽŶĞĚĞůƌŝŐŽ'ϰ͘

YhZK'͗/DWK^d



YhZK/͗/Dh  ŶĞĐĞƐƐĂƌŝŽĐŽŵƉŝůĂƌĞƚĂůĞƋƵĂĚƌŽƋƵĂůŽƌĂƐŝǀŽŐůŝĂƵƚŝůŝnjnjĂƌĞŝůĐƌĞĚŝƚŽƌŝƐƵůƚĂŶƚĞĚĂůůĂĚŝĐŚŝĂƌĂnjŝŽŶĞĚĞŝ ƌĞĚĚŝƚŝϳϯϬͬϮϬϭϮƉĞƌŝůƉĂŐĂŵĞŶƚŽĚĞůůĂŶƵŽǀĂ/DWK^dDhE//W>hE/ĚŽǀƵƚĂƉĞƌŝůϮϬϭϮ͘ >͛ƵƚŝůŝnjnjŽ ĚĞů ĐƌĞĚŝƚŽ ƉƵž ĞƐƐĞƌĞ ƚŽƚĂůĞ Ž ƉĂƌnjŝĂůĞ͗ ƉĞƌ ƵƚŝůŝnjnjĂƌĞ ŝŶ ĐŽŵƉĞŶƐĂnjŝŽŶĞ ƋƵĞƐƚŽ ĐƌĞĚŝƚŽ ŝů ĐŽŶƚƌŝďƵĞŶƚĞĚĞǀĞĐŽŵƉŝůĂƌĞĞƉƌĞƐĞŶƚĂƌĞĂůůĂďĂŶĐĂŽĂůů͛ƵĨĨŝĐŝŽƉŽƐƚĂůĞŝůŵŽĚĞůůŽĚŝƉĂŐĂŵĞŶƚŽ&Ϯϰ 

ddE/KE͗ůĂĐŽŵƉŝůĂnjŝŽŶĞĚĞůŵŽĚĞůůŽ&ϮϰğĂĐƵƌĂĞƐĐůƵƐŝǀĂĚĞůĚŝƉĞŶĚĞŶƚĞ͘

20 BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBB &$),QWHUUHJLRQDOH'LSHQGHQWL6UO&)3,9$,VFUL]LRQH&DPHUDGL&RPPHUFLRGL 9LFHQ]D5($QƒFDSLWDOHVRFLDOH¼LY


Modello 730/2012 redditi 2011 (Allegato A )

ƒ—–‘…‡”–‹ˆ‹…ƒœ‹‘‡’‡”‹–‡”‡••‹’ƒ••‹˜‹ Il sottoscritto ______________________________________________ , codice fiscale ________________________ consapevole delle conseguenze civili e penali derivanti da una falsa dichiarazione,

DICHIARA SOTTO LA PROPRIA RESPONSABILITA’ :

A)

INTERESSI PASSIVI SU MUTUO IPOTECARIO PER ACQUISTO ABITAZIONE PRINCIPALE

rigo E7

… di avere stipulato dopo il 01/01/2001 un contratto di mutuo ipotecario per l’acquisto di un immobile adibito ad abitazione principale entro 1 anno dall’acquisto ; … di avere stipulato dal 01/01/1993 al 31/12/2000 un contratto di mutuo ipotecario per l’acquisto di un immobile adibito ad abitazione principale entro i 6 mesi dall’acquisto Per tutto l’anno 2011 l’immobile ha mantenuto la destinazione di abitazione principale, oppure … dal ___________________ l’immobile acquistato NON è più utilizzato come abitazione principale

B)

INTERESSI PASSIVI SU MUTUO PER COSTRUZIONE / RISTRUTTURAZIONE

… MUTUO IPOTECARIO STIPULATO DAL 1998 PER COSTRUZIONE / RISTRUTTURAZIONE DELL’ABITAZIONE ULJR(

PRINCIPALE

di avere stipulato nell’anno _________________ un contratto di mutuo ipotecario per la costruzione o ristrutturazione edilizia (ex art. 31, comma 1, lettera d) Legge 457/78 1 ) dell'abitazione principale. … i lavori di costruzione / ristrutturazione al 31/12/2011 non sono ancora terminati

oppure … i lavori di costruzione / ristrutturazione al 31/12/2011 sono terminati e l’immobile è stato adibito ad abitazione

principale entro i 6 mesi dal termine dei lavori. L’immobile è da me posseduto a titolo di proprietà o altro diritto reale. Si allegano le copie delle fatture delle spese sostenute a partire dalla data di stipula del mutuo, la copia della concessione edilizia e le comunicazioni di inizio e fine lavori al Comune se non già consegnati al Caf Interregionale Dipendenti srl in anni precedenti. … MUTUO STIPULATO NEL 1997 PER RISTRUTTURAZIONE ULJR( di avere stipulato nel 1997 un contratto di mutuo utilizzato per eseguire interventi di manutenzione, ristrutturazione, restauro, risanamento conservativo. I lavori sono terminati nell’anno ______________ Si allegano le copie delle fatture delle spese sostenute a partire dalla data di stipula del mutuo, la copia della concessione edilizia e le comunicazioni di inizio e fine lavori al Comune se non già consegnati al Caf Interregionale Dipendenti srl in anni precedenti. ____/____/ 2012

Firma _________________________________________

1 Art.31 lett.d) “interventi di ristrutturazione edilizia, quelli rivolti a trasformare gli organismi edilizi mediante un insieme sistematico di opere che possono portare ad un organismo edilizio in tutto o in parte diverso dal precedente. Tali interventi comprendono il ripristino o la sostituzione di alcuni elementi costitutivi dell'edificio, la eliminazione, la modifica e l'inserimento di nuovi elementi ed impianti”


Modello 730/2012 redditi 2011 (Allegato B )

RIGO E15 DICHIARAZIONE DELL’ADDETTO ALL’ASSISTENZA PERSONALE DI SOGGETTO NON AUTOSUFFICIENTE Il/la sottoscritto/a ___________________________________ , codice fiscale ________________________________ DICHIARA sotto la propria responsabilità di aver ricevuto nell’anno 2011 la somma di euro ___________________________ dal Sig. /Sig.ra ________________________________________ codice fiscale _________________________________ per assistenza personale o del familiare non autosufficiente di seguito indicato: Sig. /Sig.ra ________________________________________ codice fiscale __________________________________ ____/____/ 2012

Firma ______________________________________

Ai fini della validità della presente autocertificazione si allega copia del documento di identità.

*** RIGHI E41 E44 (Allegato C )

ƵƚŽĐĞƌƚŝĨŝĐĂnjŝŽŶĞƉĞƌĚĞƚƌĂnjŝŽŶĞƐƉĞƐĞƉĞƌŝŶƚĞƌǀĞŶƚŝĚŝƌĞĐƵƉĞƌŽĚĞůƉĂƚƌŝŵŽŶŝŽĞĚŝůŝnjŝŽͲ ůĂǀŽƌŝϯϲйŽϰϭйŝŶŝnjŝĂƚŝĚĂůϭϰŵĂŐŐŝŽϮϬϭϭ Il sottoscritto ______________________________________________ , codice fiscale ________________________ consapevole delle conseguenze civili e penali derivanti da una falsa dichiarazione, DICHIARA che le spese sostenute per i lavori iniziati dal 14 maggio 2011, per i quali non è più obbligatoria la comunicazione di inizio lavori al Centro Servizi di Pescara, sono riferite alle seguenti unità catastali : n.

Codice comune

Catasto terreni / Urbano

Intero/ Porzione

Sezione

Foglio

Particella

Sub

Rendita

Importo spesa 2011

€ € € €

Si allegano le visure catastali degli immobili indicati

____/____/ 2012

Firma _________________________________________




VALUTA ESTERA

B IMPOSTE PAGATE ALL'ESTERO certificate dall'autorità fiscale straniera

H

EURO EURO

IMPORTO DA INSERIRE NEL RIGO G4, COL. 4 -----> indicare l'importo calcolato in H

EURO

COMPILAZIONE DEL MODELLO 730/2012 IMPORTO DA INSERIRE NEL RIGO G4, COL. 3 ----> indicare l'importo MINORE tra D e F

( E- imposta estera * G - % concorrenza reddito estero tassato in Italia

IMPOSTA ESTERA RILEVANTE RIDETERMINATA AI SENSI DEL COMMA 10 DELL'ARTICOLO 165 TUIR

( F - reddito italiano / D - reddito estero in euro ) *100 ( n.b. se il rapporto è > di 1 considerare 100%)

G DETERMINAZIONE DELLA PERCENTUALE DI CONCORRENZA DEL REDDITO ESTERO AL COMPLESSIVO ITALIANO

VERIFICA ex art. 165, comma 10 del TUIR

F REDDITO PRODOTTO ALL'ESTERO CHE HA SUBITO L'IMPOSIZIONE IN ITALIA ( reddito convenzionale)

EURO

EURO

E IMPOSTE PAGATE ALL'ESTERO CONVERTITE IN EURO ( formula B/C)

ITALIA

EURO

D REDDITO ESTERO CONVERTITO IN EURO ( formula A/C)

C CAMBIO VALUTA ESTERA PER 1 EURO AL 31/12/2011 (fonte UIC www.uic.it ):

VALUTA ESTERA

A REDDITO ESTERO certificato dall'autorità fiscale straniera

STATO ESTERO

DATI RICAVABILI DALLE CERTIFICAZIONI E CONVERSIONE IN EURO DI QUELLI IN VALUTA ESTERA

reddito prodotto in ______________________

dipendente ___________________________ ditta __________________________

QUADRO G relativo a redditi esteri percepiti nell'anno 2011- COMPILAZIONE COL. 3 E 4

MODELLO 730/2012

-

%

Guida%20sinteitca%20CAF  

http://www.bolca.it/site/attachments/article/81/Guida%20sinteitca%20CAF.pdf

Read more
Read more
Similar to
Popular now
Just for you