'6/%"%03&4 +FT·T ~MWBSF[ EFM $BTUJMMP 7 +PSHF ~MWBSF[ EFM $BTUJMMP ;
$0;6.&-53"7&-
&%*503 %*3&$503 $BSMPT ~MWBSF[ EFM $BTUJMMP (
"º0 $ /Á.&30
%
4&$$* /
4UPOFIFOHF SFDJCF FM WFSBOP 7JBKFSPT EJTGSVUBSPO MB FOUSBEB EFM WFSBOP EVSBOUF FM GFTUJWBM 4VNNFS 4PMTUJDF BU 4UPOFIFOHF DFMFCSBEP FO 8JMUTIJSF BM TVS EF *O HMBUFSSB FM QBTBEP EF KVOJP
6O QBSBÓTP MMBNBEP $P[VNFM [YÊ*?} >Ê` ÃÊ &41&$*"-
*OJDJB FM +BMJTDP 5SBWFM 'FTU [YÊÊ*?} >ÊVÕ>ÌÀ (6"%"-"+"3" +"- %0.*/(0 %& +6/*0 %&
L=O=LKNPA H= CQå= L=N= @EOBNQP=N AH @KIEJCK
-Õ«iÀÛ Ã À\ÊÊ Õ> Ê À> V ÃV Ê â? iâÊÊvÀ> V ÃV °} â> iâJ v À >` À°V ° ÝÊ
5FSSV¨P TBHSBEP FO
/"7*%"% 'SBODJTDP (PO[²MF[
"
M DPNFO[BS VOB BWFOUVSB UPEP WJBKFSP MP IBDF DPO MB JODÂHOJUB EF RV¹ FT MP RVF WB B FODPOUSBS FO TV EFTUJOP {1BJTBKFT IFSNPTPT {&YQFSJFODJBT JOPM WJEBCMFT {4BCPSFT OBDJFOUF {1PTUBMFT QBSB MB NFNPSJB : TJ FYJTUF VO EFTUJOP RVF PGSFDF UPEP MP BOUFSJPS Z UJFOF NVDIP N²T QBSB EBS FTF FT FM QVFCMP EF /BWJEBE &M NVOJDJQJP EF .BTDPUB +BMJTDP ZB QSFTV NF B MPT BWFOUVSFSPT VOB HSBO DBOUJEBE EF UF TPSPT 4VT SJODPOFT OBUVSBMFT Z MB QB[ EF MB SF HJÂO ZB TPO GBNPTPT FOUSF MPT RVF CVTDBO UPNBSTF VO EFTDBOTP EFM BKFUSFP DJUBEJOP : VOB EF FTBT KPZBT RVF MF SFHBMB B RVJFOFT TF BWFOUVSBO FO TVT TFOEFSPT FT /BWJEBE VO QVFCMP DVZB CFMMF[B QBSFDJFSB IBDFS TJEP QJOUBEB DPO QJODFMFT EJWJOPT 3PEFBEP EF MB CSVNB Z FM BMFHSF DBOUVSSFP EF MPT Q²KBSPT EF MB TJFSSB Z NPOUBÁBT /BWJEBE TF FODVFOUSB B NJOVUPT EF .BTDPUB Z EF BDVFSEP BM ÈMUJNP DFOTP MFWBOUBEP FO FM QVFCMP OP TVQFSB MPT IBCJUBOUFT 4F EJDF RVF FTUB MPDB
?F ;HNCAOI ;M?HN;GC?HNI GCH?LI ?MJ;~IF ?M ;BIL; OHI >? FIM LCH=IH?M GÞM <?FFIM KO? JO?>? JL?MOGCL ?MN; >?F?A;=CåH >? G;M=IN; MJEBE OBDJÂ FO FM TJHMP 97** DVBOEP FO MB SFHJÂO DPNFO[BSPO B FODPOUSBSTF NJOBT : T½ FM OPNCSF TF MP EFCFO B MB GFDIB FO RVF GVF GVOEBEP 6O EF EJDJFNCSF "VORVF MBT NJOBT TF BHPUBSPO FM FDP EFM FT QMFOEPS RVF WJWJÂ /BWJEBE IB USBTQBTBEP MB CB SSFSB EF MPT BÁPT )PZ FT QPTJCMF BENJSBS MB HB MMBSEB CFMMF[B EFM QVFCMJUP B USBW¹T EF TVT DPOTUSVDDJPOFT SÈTUJDBT Z DBNJOPT FNQFESBEPT " MB EJTUBODJB MPT QJOPT FODJOPT Z MB OJFCMB DPN QMFUBO VOP EF MPT FTDFOBSJPT OBUVSBMFT N²T CFMMPT RVF QPES²T FODPOUSBS FO +BMJTDP
7JFOFO MBT GJFTUBT $PNP NVDIPT QVFCMPT EF +BMJTDP /BWJEBE DF MFCSB FO KVMJP FM SFHSFTP EF TVT iIJKPT BVTFOUFTw BRVFMMPT RVF TF GVFSPO EF MB [POB QBSB FODPOUSBS VO GVUVSP NFKPS SFHVMBSNFOUF FO MB 6OJÂO "NFSJDBOB
&T FO FTUB UFNQPSBEB DVBOEP FM QVFCMP WJTUF TVT NFKPSFT HBMBT Z DFMFCSB EF QBTP TVT GJFTUBT QBUSPOBMFT B 4BO +PBRV½O Z 4BOUB "OB -BT DBMMFT TF MMFOBO EF DPMPSFT Z MBT DPDJOBT EFTQSFOEFO MPT PMPSFT EF MPT BOUPKJUPT NFYJ DBOPT N²T USBEJDJPOBMFT : DMBSP TF CSJOEB DPO VOB EF MBT CFCJEBT N²T USBEJDJPOBMFT EF MB [POB -B SBJDJMMB -B BMHBSBC½B RVF TF WJWF FO FM DPSB[ÂO EF MB EFMFHBDJÂO FT DBQB[ EF UPDBS MPT DPSB[POFT EF DB EB WJBKFSP RVF TF BWFOUVSB FO FTUF CFMMP SJODÂO EF .¹YJDP 0USB SB[ÂO QBSB WJTJUBS /BWJEBE FO FTUB UFN QPSBEB FT RVF HSBDJBT B MB MMVWJB TF GPSNBO QFRVF ÁBT DBTDBEBT EF UFNQPSBM BEFN²T EF RVF MB CSV NB NBUVUJOB TF TJFOUF DPO VO FTQFTPS NVZ QFDVMJBS -B OBUVSBMF[B Z FM QVFCMP TF VOFO QBSB PGSFDFS VO TVCMJNF FTDFOBSJP
-04 3&$6&3%04 -PT QSPEVDUPT USBEJ DJPOBMFT EF /BWJEBE TPO FOUSF PUSPT MB IVBSBDIFSÓB DFTUFSÓB MPT CPSEBEPT Z MBT IB NBDBT %JTGSVUB EF MB HBTUSPOPNÓB EF MB SF HJØO Z VO USBHP EF SBJDJMMB