Ä
Ĺ?
(1#!3.1 Ä“ĹŠ ĹŠ ĹŠ }
Ä–ĹŠ Ä“ĹŠ ^ĹŠ } ĹŠ }
87I; 9EDIJ?JK9?ED7B ;b 7hj$ ,, [d ik dkc[hWb (( i[‹WbW ÆI[ h[YedeY[ o ]WhWdj_pWh| W bWi f[hiedWi0 $$$ (($ ;b Z[h[Y^e W bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e$ De i[ feZh| _d]h[iWh [d [b Zec_# Y_b_e Z[ kdW f[hiedW" d_ h[Wb_pWh _dif[YY_ed[i e h[]_ijhei i_d ik Wkjeh_pWY_ÂŒd e i_d ehZ[d `kZ_Y_Wb" iWble Z[b_je \bW]hWdj[" [d bei YWiei o \ehcW gk[ [ijWXb[pYW bW b[oÇ$ 9edYehZWdY_Wi0 7hj$ ',( 9edij_jkY_ÂŒd Z[ bW H[f‘Xb_YW1 *+ Wb +, 9ÂŒZ_]e 9_l_b1 '/' Wb '/, 9ÂŒZ_]e F[dWb1 ',( o Z[b '/* Wb (&( Z[b 9ÂŒZ_]e Z[ FheY[Z_c_[dje F[dWb$ ÂľGKx I; ;DJ?;D:; FEH :EC?9?B?E5 :ec_Y_b_e l_[d[ Z[ Zei leY[i bWj_dWi0 :ecki o 9ebe" Z[ jWb ceZe gk[ :eck 9eb[h[ i_]d_\_YW [d bWj‡d ^WX_jWh [d kdW YWiW$ ;b jhWjWZ_ijW Y^_b[de Bk_i 9bWhe IebWh" Z[\_d[ Wb Zec_Y_b_e" i[‹WbWd# Ze Æ;b Zec_Y_b_e [i [b Wi_[dje `kh‡Z_Ye Z[ kdW f[hiedW" e i[W bW h[bWY_ÂŒd f[h# cWd[dj[ gk[ bW b[o [ijWXb[Y[ [djh[ kdW f[hiedW o kd bk]Wh Z[j[hc_dWZe" [d [b gk[ i[ be ikfed[ i_[cfh[ fh[i[dj[ fWhW [b [`[hY_Y_e Z[ kd Z[h[Y^e o [b Ykcfb_# c_[dje Z[ iki eXb_]WY_ed[i1 Z[ jWb ceZe gk[ i[]‘d [ijW Z[\_d_Y_ÂŒd" [b Zec_Y_b_e [i kdW WXijhWYY_ÂŒd fkhWc[dj[ _dj[b[Y# jkWb" _dZ[f[dZ_[dj[ Z[b bk]Wh c_ice W gk[ i[ h[\_[h[$ >Wo gk[ i[‹WbWh gk[ bW _Z[W Z[ Zec_# Y_b_e gk[ kj_b_pW [b 7hj$ (, dkc[hWb (( Z[ bW 9edij_jkY_ÂŒd" de Ye_dY_Z[ fb[dW# c[dj[ Yed bW gk[ i[ kj_b_pW [d [b 7hj$ *+ Z[b 9ÂŒZ_]e 9_l_b" gk[ Z_Y[ Æ;b Zec_Y_b_e Yedi_ij[ [d bW h[i_Z[dY_W WYecfW‹WZW" h[Wb e fh[ikdj_lWc[dj[" Z[b |d_ce Z[ f[hcWd[Y[h [d [bbW$ :_l‡Z[i[ [d feb‡j_Ye o Y_l_bÇ$ BW Ikfh[cW 9ehj[ Z[ bei ;ijWZei Kd_Zei Z[ 7cƒh_YW" Z_Y[ gk[ i[ [dj_[dZ[ feh Zec_Y_b_e be i_]k_[dj[0 W BW fhen_c_ZWZ Z[b |h[W Wb bk]Wh1 X I_ [b |h[W [i fWhj[ Z[ kd f[h‡c[# jhe Y[hhWZe gk[ heZ[W Wb ^e]Wh1 Y Bei kiei W bei gk[ [ij| Z[ij_dW# ZW [b |h[W1 o" Z BWi c[Z_ZWi Z[ fhej[YY_ÂŒd jecWZWi fWhW [l_jWh [b WYY[# ie k eXi[hlWY_ÂŒd feh fWhj[ Z[ jhWdi[‘dj[i$
Ĺ?ÄŠĹ? Ĺ? Ĺ? Ĺ?Ä‚Ä€Ä Ä
Ĺ? +. Ĺ? ÄŒĹ? Ĺ? +Ä?Ĺ?ĊĆĊĆ
Ŋ Ŋ ¥ Ŋ Ŋ Ŋ Ŋ ŊŊŊŊ'33/ľľ666ē"#1#!'.#!4 ".1ē!.,
"(3.1 ĹŠ ÂĄ ĹŠ
(1#!!(¢-Ä–ĹŠ 1#- 2ĹŠ8ĹŠÄˆÄ‡ĹŠ"#ĹŠ %.23.ĔŊ "($Ä“ĹŠ (5 -!.ĔŊĎ3.Ä“ĹŠ/(2.ŊġŊ #+_$.-.2Ä–ĹŠÄ‰ÄŽÄŽÄˆÄąÄŽÄŽÄ‰ÄľÄ‰ÄŽÄŽÄŽÄąÄŒÄŠÄˆÄľÄ‰ÄŽÄ‡Ä‡ÄąÄ‰ÄŒÄŽÄľÄ‰ÄŽÄŽÄ‰ÄąÄˆÄŠÄŽĹŠĹŠÄˇĹŠ Äą, (+Ä– ĹŠ)4"(!( +Äž"#1#!'.#!4 ".1Ä“!.,ĹŠ
+ĹŠ"#1#!'.ĹŠ ĹŠ+ ĹŠ (-5(.+ (+(" "ĹŠ"#+ĹŠ ".,(!(+(.
Xb[" [d [b YkWb kdW f[hiedW [ij| \‡i_YWc[dj[1 o" ($ ;b[c[djei ikX`[j_le" [ije [i [b |d_ce" bW _dj[dY_ÂŒd" bW lebkdjWZ Z[ kdW f[hiedW Z[ f[hcWd[Y[h [d [iW h[i_Z[dY_W" o [ij[ |d_ce fk[Z[ i[h h[Wb e fh[ikdje$ :[ jWb cWd[hW gk[ i_ \WbjW kde Z[ bei Zei [b[c[djei Z[b Zec_Y_# b_e" de i[ f[hc_j[ bW [n_ij[dY_W Z[b d[ne `kh‡Z_Ye gk[ fh[Y_iWc[dj[ Yedij_jko[ [b Zec_Y_b_e1 WYbWhWdZe gk[ [b 7hj$ *, Z[b 9ÂŒZ_]e 9_l_b jhWjW ieXh[ [b Zec_Y_b_e feb‡j_Ye" o [b 7hj$ *- _X‡Z[c jhWjW ieXh[ [b Zec_Y_b_e Y_l_b$ ;b 7hj$ *, Z[b Yk[hfe Z[ b[o[i Y_jWZe i[‹WbW Æ;b Zec_Y_b_e feb‡# j_Ye [i h[bWj_le Wb j[hh_jeh_e Z[b ;ijWZe [d ][d[hWb$ ;b gk[ be j_[d[ e WZgk_[h[" [i e i[ ^WY[ c_[cXhe Z[ bW ieY_[ZWZ [YkWjeh_WdW" Wkdgk[ Yedi[hl[ bW YWb_ZWZ Z[ [njhWd`[he$ BW Yedij_jkY_ÂŒd o [\[Yjei Z[b Zec_Y_b_e feb‡j_Ye" f[hj[d[Y[d Wb Z[h[Y^e _dj[hdWY_edWbÇ$
:[ be gk[ i[ Yeb_][ gk[ i_ [b |h[W [d Yk[ij_Œd [ij| ‡dj_cWc[dj[ b_]W# ZW Wb ^e]Wh c_ice" [d [ij[ YWie ^Wo iWdj_ZWZ Z[b ^e]Wh o Z[ bW l_ZW fh_lWZW" f[he i[ i[‹WbW gk[ de ^Wo [nf[YjWj_lW hWpedWXb[ [d bW _dj_c_ZWZ [d [b YWcfe WX_[hje o [d [ij[ YWie [b W][dj[ Z[ bW Feb_Y‡W gk[ [dYk[djhW [l_Z[dY_W Z[ kd _b‡Y_je fk[ZW eYkfWhbW i_d ehZ[d
`kZ_Y_Wb$ ;B;C;DJEI :;B :EC?9?B?E :ei ied bei [b[c[djei X|i_Yei fWhW Yedi_Z[hWh gk[ kdW f[hiedW j_[d[ kd Zec_Y_b_e [d kd bk]Wh Z[j[hc_dWZW1 o gk[ ied0 '$ ;b [b[c[dje eX`[j_le" gk[ Yed# i_ij[ [d bW h[i_Z[dY_W" e i[W kd bk]Wh h[Wb" \‡i_Ye" l_i_Xb[" jWd]_#
:EC?9?B?E :; B7 F;HIED7 @KHĂž:?97 H[YehZ[cei gk[ bWi f[hiedWi `kh‡Z_YWi ied Yh[WZWi feh bW b[o" j_[d[d [n_ij[dY_W _Z[Wb o ied YWfW# Y[i Z[ [`[hY[h Z[h[Y^ei o YedjhW[h eXb_]WY_ed[i Y_l_b[i o fWhW WYjkWh Z[X[d i[h h[fh[i[djWZWi `kZ_Y_Wb o [njhW`kZ_Y_Wbc[dj[$ ;b 7hj$ +,* Z[b 9ÂŒZ_]e 9_l_b i[‹WbW ÆI[ bbWcW f[hiedW `kh‡Z_YW kdW f[hiedW \_Yj_Y_W" YWfWp Z[ [`[hY[h Z[h[# Y^ei o YedjhW[h eXb_]WY_ed[i Y_l_b[i" o Z[ i[h h[fh[i[djWZW `kZ_Y_Wb o [njhW`k# Z_Y_Wbc[dj[$ BWi f[hiedWi `kh‡Z_YWi ied Z[ Zei [if[Y_[i0 YehfehWY_ed[i o \kdZWY_ed[i Z[ X[d[\_Y[dY_W f‘Xb_YW$
>Wo f[hiedWi `khÂ&#x2021;Z_YWi gk[ fWhj_Y_# fWd Z[ kde o ejhe YWh|Yj[hĂ&#x2021;$ ;d h[bWY_Â&#x152;d Wb Zec_Y_b_e Z[ bWi f[hiedWi `khÂ&#x2021;Z_YWi" i[ ^W cWd_\[i# jWZe gk[ i[h| [b gk[ [bbWi c_icWi Z[j[hc_d[d Wb Yedij_jk_hi[ o i[ ^WbbW \_`WZe [nfh[iWc[dj[ [d iki [ijWjkjei e [d [b YedjhWje ieY_Wb1 Z[ jWb cWd[hW gk[ bWi f[hiedWi `khÂ&#x2021;Z_YWi [d fh_dY_f_e Z[X[d i[h dej_\_YWZWi [d ik Zec_Y_b_e b[]Wb" o [ije j_[d[ ik hWpÂ&#x152;d Z[ i[h" fehgk[ bW b[o fh[ikc[ gk[ bWi f[hiedWi fh_lWZWi Z[ [n_ij[dY_W _Z[Wb" h[i_# Z[d Z[ kdW cWd[hW f[hcWd[dj[ fWhW [b [`[hY_Y_e Z[ iki Z[h[Y^ei o eXb_]WY_ed[i" [d [b bk]Wh gk[ YedijW [d bei [ijWjkjei WfheXWZei feh bW Wkjeh_ZWZ gk[ b[ h[YedeY_Â&#x152; bW f[hiedWb_ZWZ `khÂ&#x2021;Z_YWĂ&#x2021;$ 9EC;DJ7H?E BW fhej[YY_Â&#x152;d Yedij_jkY_edWb Z[b Zec_Y_b_e" [i kdW fhej[YY_Â&#x152;d Z[ YWh|Yj[h _dijhkc[djWb gk[ Z[\_[dZ[ bei |cX_jei [d gk[ i[ Z[iWhhebbW bW l_ZW fh_lWZW Z[ bW f[hiedW" feh [ijW hWpÂ&#x152;d" [n_ij[ kd d[ne Z[ kd_Â&#x152;d _dZ_iebkXb[ [djh[ bW dehcW gk[ fhe^Â&#x2021;X[ bW [djhWZW o h[]_ijhe [d kd Zec_Y_b_e" jWb Yece Z_ifed[ [b 7hj$ ,, dkc[hWb (( Z[ bW 9edij_jkY_Â&#x152;d l_][dj[ o bW gk[ _cfed[ bW Z[\[diW o ]WhWdjÂ&#x2021;W Z[b |cX_je Z[ bW fh_lWY_ZWZ" gk[ i[Â&#x2039;WbW [b 7hj$ ,, dkc[hWb (& _XÂ&#x2021;Z[c1 jeZe [bbe eXb_]W W Yedi_Z[hWh kd YedY[f# je Yedij_jkY_edWb Z[ Zec_Y_b_e Z[ cWoeh Wcfb_jkZ gk[ [b YedY[fje i[Â&#x2039;WbWZe [d [b 9Â&#x152;Z_]e 9_l_b" fk[i be gk[ i[Â&#x2039;WbW [b 7hj$ ,, dkc[hWb (( Z[ bW 9edij_jkY_Â&#x152;d Z[ bW H[fÂ&#x2018;Xb_YW" [i bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e" [ije [i bW _dj[hZ_YY_Â&#x152;d Z[ [djhWZW [d Â&#x192;b" o kdW _dj[hZ_YY_Â&#x152;d Z[ h[]_i# jhe" i_d Wkjeh_pWY_Â&#x152;d Z[ ik j_jkbWh" e i_d ehZ[d `kZ_Y_Wb" eXl_Wc[dj[ iWble [b YWie Z[ Z[b_je \bW]hWdj[$ >Wo gk[ WYbWhWh gk[ bW \hWi[ Ă&#x2020;De i[ feZh| _d]h[iWhĂ&#x2021;" d_ h[Wb_pWh _di# f[YY_ed[i e h[]_ijhei" de eXijWd# j[ ik WfWh[dj[ Yed\ki_Â&#x152;d" Z[X[d Yedi_Z[hWhi[ Yecfh[di_lei Z[ jeZW _dlWi_Â&#x152;d gk[ hecfW [b X_[d `khÂ&#x2021;Z_Ye fhej[]_Ze" fk[i dk[ijhe j[nje Yedij_jkY_edWb [ijWXb[Y[" bW dehcW Z[ _dj[hZ_YY_Â&#x152;d Z[ [djhWZW o Z[ h[]_ijhe1 o" iebe WZc_j[ kdWi [nY[fY_ed[i cko Z[j[hc_dWZWi" gk[ ied0 [b Yedi[dj_c_[dje Z[b j_jkbWh" gk[ i[]Â&#x2018;d [b j[nje Z[ fh[# :FEK@EL8 <E C8 GĂ?>@E8 $ :)
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä&#x201A;
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ?
Y[fje fWh[Y[hÂ&#x2021;W gk[ de d[Y[i_jW i[h [nfh[ie" bW [n_ij[dY_W Z[ kdW ehZ[d `kZ_Y_Wb gk[ bW Wkjeh_Y[1 o" bW fheZkYY_Â&#x152;d Z[ kd Z[b_je \bW]hWdj[" YWie [d [b YkWb bei f[hi[]k_Zeh[i fk[Z[d Yedj_dkWh bW f[hi[YkY_Â&#x152;d [d [b Zec_Y_b_e Z[ bW f[hiedW W\[Y# jWZW$ ÂľGKx ;I B7 ?DL?EB78?B?:7: :;B :EC?9?B?E5 BW `kh_ifhkZ[dY_W [ifWÂ&#x2039;ebW i[Â&#x2039;WbW [d bW IJ9 ((%'/.* gk[ Ă&#x2020;;b Zec_Y_b_e _dl_ebWXb[ [i kd [ifWY_e [d [b YkWb [b _dZ_l_Zke l_l[ i_d [ijWh ik`[je d[Y[iWh_Wc[dj[ W bei kiei o Yedl[d# Y_ed[i ieY_Wb[i o [`[hY[ ik b_X[hjWZ c|i Â&#x2021;dj_cW$ Feh [bbe" W jhWlÂ&#x192;i Z[ [ij[ Z[h[# Y^e de iebe [i eX`[je Z[ fhej[YY_Â&#x152;d [b [ifWY_e \Â&#x2021;i_Ye [d iÂ&#x2021; c_ice Yedi_Z[hWZe" i_de be gk[ ^Wo [d Â&#x192;b Z[ [cWdWY_Â&#x152;d Z[ bW f[hiedW o Z[ [i\[hW fh_lWZW Z[ [bbW$ ?dj[hfh[jWh [d [ij[ i[dj_Ze" bW h[]bW Z[ bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e [i Z[ Yedj[d_Ze Wcfb_e [ _cfed[ kdW [nj[d# iW i[h_[ Z[ ]WhWdjÂ&#x2021;Wi o Z[ \WYkbjWZ[i" [d bWi gk[ i[ Yecfh[dZ[d bWi Z[ l[ZWh jeZW YbWi[ Z[ _dlWi_ed[i _dYbk_ZWi bWi gk[ fk[Z[d h[Wb_pWhi[ i_d f[d[jhWY_Â&#x152;d Z_h[YjW feh c[Z_e Z[ WfWhWjei c[Y|d_# Yei" [b[YjhÂ&#x152;d_Yei k ejhei Wd|be]eiĂ&#x2021;$ BW i[dj[dY_W IJ9 '//%'/.- i[Â&#x2039;WbW Ă&#x2020;BW _dl_ebWX_b_ZWZ Z[b Zec_Y_# b_e" e i[W [b Z[h[Y^e Z[ de f[d[jhWY_Â&#x152;d [d [b Zec_Y_b_e" [d YedjhW Z[ bW lebkd# jWZ Z[b j_jkbWh Z[b c_ice" $$$ [i kd Z[h[Y^e h[bWj_le o b_c_jWZe [d YkWdje gk[ bW fhef_W 9edij_jkY_Â&#x152;d Wkjeh_pW ik h[ijh_YY_Â&#x152;d [d ikfk[ijei Yedj[cfbWZei feh bW b[o" Wkdgk[ [n_][" [d fh_dY_f_e" kdW Z[Y_i_Â&#x152;d `kZ_Y_Wb Wb h[if[Yje iWble [d bei YWiei Z[ Ă&#x2020;<bW]hWdj[ Z[b_# jeĂ&#x2021;$ ;bbe ikfed[ gk[ [b Z[h[Y^e W bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e Yedi_ij[ ikijWdY_Wbc[dj[ [d kd Z[h[Y^e W gk[ YedjhW bW lebkdjWZ Z[b j_jkbWh o iWble Z[b_je \bW]hWdj[" de ^WoW f[d[jhWY_Â&#x152;d [d [b fhef_e Zec_Y_b_e" i_d kdW Wkjeh_# pWY_Â&#x152;d `kZ_Y_Wb" YkoW YedY[i_Â&#x152;d o h[W# b_pWY_Â&#x152;d i[ iec[j[ WZ[c|i [d bW b[o Z[ [d`k_Y_Wc_[dje Yh_c_dWb W bW [n_ij[dY_W Z[ Z[j[hc_dWZei h[gk_i_jeiĂ&#x2021;$ ÂľGK?xD ;I ;B J?JKB7H :; :;H;9>E :; ?DL?EB78?B?:7: :;B :EC?9?B?E5 7b _]kWb gk[ ikY[Z[ [d ejhei fWÂ&#x2021;i[i Yece [d ;ifWÂ&#x2039;W dk[ijhe j[nje Yedij_jkY_edWb Wb [ijWXb[Y[h [b Z[h[Y^e W bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e" de be Y_hYkdiYh_X[ W bWi f[hiedWi \Â&#x2021;i_YWi" i_[dZe fk[i [nj[di_le e fh[Z_YWXb[ _]kWbc[dj[ W bWi f[hiedWi `khÂ&#x2021;Z_YWi1 fk[i bW i[dj[dY_W [ifWÂ&#x2039;ebW IJ9 ')-%'/.+
Ĺ?
cWd_\_[ijW Ă&#x2020;;d ikcW" bW b_X[hjWZ Z[b Zec_Y_b_e i[ YWb_\_YW Yece h[\b[`e Z_h[Yje Z[ bW fhej[YY_Â&#x152;d WYehZWZW [d [b ehZ[dWc_[dje W bW f[hiedW" f[he de d[Y[iWh_Wc[dj[ W bW f[hiedW \Â&#x2021;i_YW" Z[iZ[ [b cec[dje gk[ bW f[hiedW `khÂ&#x2021;# Z_YW l[d]W W YebeYWhi[ [d [b bk]Wh Z[b ik`[je fh_lWZe Yecfh[dZ_Ze Z[djhe Z[b |h[W Z[ bW jkj[bW Yedij_jkY_edWb" o jeZWi bWi ^_fÂ&#x152;j[i_i [d gk[ bW _dijhkc[djWY_Â&#x152;d Z[b Z[h[Y^e W bW b_X[hjWZ de WfWh[pYW e i[Wd _dYecfWj_Xb[i Yed bW dWjkhWb[pW o bW [if[Y_Wb_ZWZ Z[ \_d[i Z[b [dj[ Yeb[Y# j_leĂ&#x2021;$ L?EB79?âD :;B :EC?9?B?E ;D 97IE :; :;B?JE <B7=H7DJ; 9ece gk[ZW i[Â&#x2039;WbWZe [d bÂ&#x2021;d[Wi Wdj[h_eh[i [d [b 7hj$ ,, dkc[hWb (( Z[ bW 9edij_jkY_Â&#x152;d Z[ bW H[fÂ&#x2018;Xb_YW i[ i[Â&#x2039;WbW [b Z[h[Y^e W bW _dl_ebWX_# b_ZWZ Z[b Zec_Y_b_e Ă&#x2020; $$$ iWble Z[b_# je \bW]hWdj[" [d bei YWiei o \ehcWi gk[ [ijWXb[pYW bW b[oĂ&#x2021;$ IeXh[ [b Z[b_je \bW]hWdj[ j[d]e kd [ijkZ_e gk[ YedijW [d c_ b_Xhe ieXh[ ;B :;H;9>E 9EDIJ?JK9?ED7B 7 B7 FH;IKD9?âD :; ?DE9;D9?7 O BEI H;GK?I?JEI F7H7 :?9J7H B7 C;:?:7 97KJ;B7H :; FH?I?âD FH;L;DJ?L7" WZ[c|i [d kd WhjÂ&#x2021;Ykbe fkXb_YWZe [d [ijW c_icW i[YY_Â&#x152;d `kZ_Y_Wb Z[ Z_Wh_e BW >ehW1 h[YehZWdZe gk[ i[ Yedi_Z[hW Yece [ijWZe Z[ \bW]hWdY_W bW _Z[dj_\_YW# Y_Â&#x152;d e _dZ_l_ZkWb_pWY_Â&#x152;d gk[ i[ ^W]W Z[b Z[b_dYk[dj[ e bW Y_hYkdi# jWdY_W Z[ gk[ lWh_Wi f[hiedWi ^WoW feZ_Ze fh[i[dY_Wh bW h[Wb_pWY_Â&#x152;d Z[b ^[Y^e" gk[ be ^WoWd iehfh[d# Z_Ze Yed eX`[jei gk[ Z[j[hc_d[d ik fWhj_Y_fWY_Â&#x152;d" e gk[ _dc[Z_W# jWc[dj[ Z[ifkÂ&#x192;i Z[ Yec[j_Ze [b Z[b_je" i[W f[hi[]k_Ze e YkWdZe feh leY[i Z[ Wkn_b_e i[ f_Z[ ik YWfjkhW$ BW `kh_ifhkZ[dY_W [ifWÂ&#x2039;ebW IJ9 )*'%'//) i[Â&#x2039;WbW Ă&#x2020; $$$ de YWX[ jWY^Wh Z[ _dYedij_jkY_edWb bW \eh# cWY_Â&#x152;d b[]_ibWj_lW Z[b YedY[fje Z[ Z[b_je \bW]hWdj[ W [\[Yjei Z[ bW [djhWZW [d [b Zec_Y_b_e" o [bbe i_d f[h`k_Y_e gk[ [iW h[]kbWY_Â&#x152;d b[]Wb ^W Z[ h[if[jWh [b Yedj[d_Ze [i[d# Y_Wb Z[b Z[h[Y^e Z[ WYk[hZe W be gk[ [ijWXb[Y[ [b 7hj$ +)$' 9;" $$$ $ 7 bei [\[Yjei Yedij_jkY_edWb[i gk[ WgkÂ&#x2021; _cfehjWd de fheY[Z[ Wikc_h e h[YedeY[h Yece Z[\_d_j_lW d_d# ]kdW Z[ bWi \ehckbWY_ed[i b[]Wb[i" ZeYjh_dWb[i e `kh_ifhkZ[dY_Wb[i" gk[ Z[ bW \bW]hWdY_W i[ ^Wd ZWZe [d dk[ijhe ehZ[dWc_[dje" f[he be gk[ i_ h[ikbjW _d[nYkiWXb[ [i h[YedeY[h bW WhhW_]WZW _cW][d Z[ bW \bW]hWd# Y_W Yece i_jkWY_Â&#x152;d \|Yj_YW [d bW gk[ [b Z[b_dYk[dj[ [i iehfh[dZ_Ze #l_ije Z_h[YjWc[dj[ e f[hY_X_Ze Z[ ejhe ceZe# [d [b cec[dje Z[ Z[b_dgk_h [d Y_hYkdijWdY_Wi _dc[# Z_WjWi W bW f[hi[YkY_Â&#x152;d Z[b _bÂ&#x2021;Y_je$
I_ [b b[d]kW`[ Yedij_jkY_edWb ^W Z[ i[]k_h i_[dZe i_]d_\_YWj_le #o [bbe [i fh[c_iW \_hc[ Z[ jeZW _dj[hfh[# jWY_Â&#x152;d# de YWX[ i_de h[YedeY[h gk[ [ijWi YeddejWY_ed[i Z[ bW \bW]hWd# Y_W [l_Z[dY_W Z[b Z[b_je o kh][dY_W Z[ bW _dj[hl[dY_Â&#x152;d feb_Y_Wb [ij|d fh[i[dj[i [d [b YedY[fje _diYh_je [d [b 7hj$ '.$( Z[ bW dehcW \kdZW# c[djWb" fh[Y[fje gk[" Wb i[hl_hi[ Z[ [ijW deY_Â&#x152;d jhWZ_Y_edWb" ^W Z[b_# c_jWZe kd Z[h[Y^e \kdZWc[djWb o" Yehh[bWj_lWc[dj[" bW _dj[hl[dY_Â&#x152;d ieXh[ [b c_ice Z[b feZ[h fÂ&#x2018;Xb_# YeĂ&#x2021;$ ;b jhWjWZ_ijW ;hd[ije 9^_[biW i[Â&#x2039;WbW gk[ [n_ij[ [c[h][dY_W fWhW [l_jWh bW Z[j[dY_Â&#x152;d" [d bei i_]k_[d# j[i YWiei0 W Feh bW dWjkhWb[pW ]hWl[ Z[b Z[b_# je1 X Fehgk[ [b ik`[je i[ [dYk[djhW WhcWZe1 Y Feh bW fheXWX_b_ZWZ Z[ gk[ [iW f[hiedW Yec[j_Â&#x152; [b Z[b_je1 Z Feh bW fheXWX_b_ZWZ Z[ gk[ [b ik`[je [ijÂ&#x192; [d [i[ bk]Wh1 [ Feh bW fheXWX_b_ZWZ Z[ gk[ [b ik`[je [iYWf[1 o" \ Feh [b ceZe fWYÂ&#x2021;\_Ye e l_eb[dje Z[ [djhWh o bW ^ehW Z[ bW [djhW# ZW$ EH:;D @K:?9?7B F7H7 ;B ?D=H;IE 7 KD :EC?9?B?E =[d[hWbc[dj[ [b `k[p W gk_[d i[ Yed\_[h[ bW fhej[YY_Â&#x152;d Z[b Z[h[Y^e \kdZWc[djWb W bW _dl_ebWX_b_ZWZ [i YkWbgk_[h `k[p Z[ ]WhWdjÂ&#x2021;Wi f[dW# b[i" Z[ jWb ceZe gk[ fWh[Y[hÂ&#x2021;W gk[ d_d]Â&#x2018;d ejhe `k[p fk[Z[ ehZ[dWh bW Wkjeh_pWY_Â&#x152;d fWhW bW [djhWZW [d [b Zec_Y_b_e Z[ kdW f[hiedW" iWble YWie Z[ l_ebWY_Â&#x152;d _djhW\Wc_# b_Wh1 WZ[c|i ^Wo gk[ i[Â&#x2039;WbWh gk[ fh[l_Wc[dj[ W bW f[d[jhWY_Â&#x152;d Z[b Zec_Y_b_e Z[X[ ^WX[h bW Wkjeh_pW# Y_Â&#x152;d o de feij[h_eh W Z_Y^e ^[Y^e" fk[i bW ]WhWdjÂ&#x2021;W Yedij_jkY_edWb o `kZ_Y_Wb WfWh[Y[ Yece kd c[YWd_i# ce Z[ ehZ[d fh[l[dj_le" Z[ij_dWZe W fhej[][h [b Z[h[Y^e o de W h[fWhWh ik l_ebWY_Â&#x152;d YkWdZe i[ fheZkpYW1 Z[ jWb ceZe gk[ bW h[iebkY_Â&#x152;d `kZ_# Y_Wb WfWh[Y[ Yece cÂ&#x192;jeZe fWhW Z[Y_Z_h" [d YWie Z[ Yeb_i_Â&#x152;d Z[ lWbe# h[i [ _dj[h[i[i Yedij_jkY_edWb[i" i_ Z[X[ fh[lWb[Y[h [b Z[h[Y^e Z[b 7hj$ ,, dkc[hWb (( Z[ bW 9edij_jkY_Â&#x152;d k ejhei lWbeh[i e _dj[h[i[i Yedi# j_jkY_edWbc[dj[ fhej[]_Zei" fk[i i[ jhWjW Z[ [dYec[dZWh kd Â&#x152;h]W# de `kh_iZ_YY_edWb gk[ h[Wb_Y[ kdW fedZ[hWY_Â&#x152;d fh[l_W Z[ _dj[h[i[i Yedij_jkY_edWbc[dj[ fhej[]_Zei Wdj[i Z[ gk[ i[ fheY[ZW W YkWb# gk_[h [djhWZW e h[]_ijhe" o Yece YedZ_Y_Â&#x152;d _d[bkZ_Xb[ fWhW h[Wb_pWh [ij[ [d Wki[dY_W Z[b Yedi[dj_c_[d# je Z[b j_jkbWh1 fk[i de ^Wo gk[ ebl_# ZWh gk[ [b `k[p Z[ ]WhWdjÂ&#x2021;Wi f[dW# b[i" [d [ijei YWiei" WYjÂ&#x2018;W Yece ]WhWdj[ Z[b Z[h[Y^e \kdZWc[djWb W bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e"
[d Yedi[Yk[dY_W be Â&#x2018;d_Ye gk[ ^W Z[ Wi[]khWh [i gk[ h[gk_[h[ [\[Y# j_lWc[dj[ bW [djhWZW [d Â&#x192;b Z[ bW [`[YkY_Â&#x152;d Z[ kd WYje gk[ fh_cW \WY_[" fWh[Y[ Z_YjWZe feh Wkjeh_# ZWZ Yecf[j[dj[ [d [b [`[hY_Y_e Z[ \WYkbjWZ[i fhef_Wi" ]WhWdj_pWdZe Wb j_[cfe gk[ [iW _hhkfY_Â&#x152;d [d [b |cX_je Z[ bW _dj_c_ZWZ i[ fheZkp# YW i_d c|i b_c_jWY_ed[i Z[ Â&#x192;ijW e Z[ ejhei Z[h[Y^ei \kdZWc[djWb[i Z[ bei eYkfWdj[i gk[ Wgk[bbei gk[ i[Wd [ijh_YjWc[dj[ _dZ_if[d# iWXb[i fWhW [`[YkjWh bW h[iebkY_Â&#x152;d WZc_d_ijhWj_lW$ ;d bei ;ijWZei Kd_Zei Z[ 7cÂ&#x192;h_YW" bW ehZ[d Z[ WbbWdW# c_[dje i[ bW Z[X[ ^WY[h ZkhWdj[ [b ZÂ&#x2021;W" o WiÂ&#x2021; Z[X[ Z_ifed[hbe [b `k[p" W c[dei gk[ feh hWped[i Z[ d[Y[i_ZWZ i[W d[Y[iWh_e gk[ i[ be ^W]W [d YkWbgk_[h ^ehW1 f[he fWhW ^WY[h l|b_ZW bW ehZ[d Z[ WbbWdW# c_[dje j_[d[ i_[cfh[ gk[ _dYbk_h bei \kdZWc[djei [if[YÂ&#x2021;\_Yei fWhW ik [nf[Z_Y_Â&#x152;d" Z[ jWb ceZe gk[ bW ehZ[d Z[X[ Yedj[d[h [nfh[iW# c[dj[ be h[bWj_le W gkÂ&#x192; ^ehW Z[b ZÂ&#x2021;W fk[Z[ i[h Ykcfb_ZW1 Z[ jWb cWd[hW gk[ [d Z_Y^e fWÂ&#x2021;i [b W][dj[ Z[ bW feb_YÂ&#x2021;W e Z[b C_d_ij[h_e FÂ&#x2018;Xb_Ye" de fk[Z[ Whh[ijWh i_d ehZ[d `kZ_Y_Wb W kdW f[hiedW [d ik YWiW" o feh eXl_W hWpÂ&#x152;d de fk[Z[ WbbWdWh ik Zec_Y_b_e fWhW _dYWkjWh [l_Z[d# Y_Wi$ I[ fh[]kdjW ÂľI_ [i f[hc_j_Ze [b kie Z[ X_deYkbWh[i e Z[ j[b[iYe# f_ei5$$$fWhW Wl[h_]kWh e f[hY_X_h bWi WYj_l_ZWZ[i Z[b ^e]Wh e bei eX`[jei gk[ WbbÂ&#x2021; i[ [dYk[djhWd" Âľi[ feZhÂ&#x2021;W [d [ijei YWiei Z[\[dZ[h [b Z[h[Y^e W bW _dj_c_ZWZ5$$$ e YkWdZe i[ [ijW h[Wb_pWdZe bW _dl[ij_]WY_Â&#x152;d feh c[Z_e Z[ kd ^[b_YÂ&#x152;fj[he1 e gkÂ&#x192; fWiW i_ i[ kj_b_pWd c[Z_ei [b[YjhÂ&#x152;# d_Yei ie\_ij_YWZei fWhW l_]_bWh$ BW `kh_ifhkZ[dY_W Z[ bei ;ijWZei Kd_Zei Z[ 7cÂ&#x192;h_YW i[Â&#x2039;WbW gk[ [ije [i l|b_Ze" i_ i[ fkZe ^WX[h ^[Y^e e Yedi[]k_Ze i_d bW WokZW Z[ jehjkhWi" f[he bW c_icW `kh_i# fhkZ[dY_W i[ fh[]kdjW ÂľGkÂ&#x192; fWiW Yed bei f[hhei WcW[ijhWZei fWhW Z[j[YjWh Zhe]Wi5$ CE:KI EF;H7D:? :;B 7BB7D7C?;DJE ;d bei ;ijWZei Kd_Zei Z[ 7cÂ&#x192;h_YW i[ h[Wb_pW Z[ bW i_]k_[dj[ cWd[hW0 '$ BW feb_YÂ&#x2021;W `kZ_Y_Wb Yed [b C_d_ij[h_e FÂ&#x2018;Xb_Ye Wdj[i Z[ _hhkcf_h [d [b bk]Wh W i[h WbbW# dWZe" Z[X[d _d\ehcWh W bei eYk# fWdj[i" ieXh[ bW [n_ij[dY_W Z[ ehZ[d `kZ_Y_Wb gk[ j_[d[d fWhW [b [\[Yje1 ($ De i[ h[gk_[h[ [ijW WYY_Â&#x152;d" YkWdZe [ije Yedij_jkoW kd h_[i]e fWhW bW Feb_YÂ&#x2021;W e fWhW [b C_d_ij[h_e FÂ&#x2018;Xb_Ye" e gk[ ^WoW f[b_]he Z[ gk[ bW [l_Z[dY_W lW W Z[iWfWh[Y[h1 f[he [d jeZe
YWie bW WYjkWY_Â&#x152;d Z[ bW Feb_YÂ&#x2021;W o Z[b C_d_ij[h_e FÂ&#x2018;Xb_Ye Z[X[ i[h hWpedWZW" fk[i Yece Z_Y[ bW `kh_ifhkZ[dY_W Z[ Z_Y^e fWÂ&#x2021;i" bW l_eb[dY_W _dd[Y[iWh_W Wb h[]_i# jhWh kd Zec_Y_b_e fk[Z[ Yed# l[hj_h Wb WbbWdWc_[dje [d _hhW# pedWXb[" Z[ jWb ceZe gk[ jeZe Z[X[ ^WY[hi[ Yed\ehc[ W bW b[o o W bW Z[X_ZW Yedi_Z[hWY_Â&#x152;d Z[ bW f[hiedW ^kcWdW1 BW YkWhjW [dc_[dZW Z[ bW 9edij_jkY_Â&#x152;d Z[ bei ;ijWZei Kd_Zei gk[ Z_Y[ Ă&#x2020;;b Z[h[Y^e Z[b fk[Xbe W bW i[]kh_ZWZ [d iki f[h# iedWi" YWiWi" ZeYkc[djei o [\[Yjei YedjhW f[hgk_i_jeh_ei o i[Yk[ijhei _hhWpedWXb[i de i[h| l_ebWZe" o de i[ [nf[Z_h| d_d]Â&#x2018;d cWdZWc_[dje i_de [d l_hjkZ Z[ YWkiW fheXWXb[ WfeoWZW feh `khWc[dje e W\_hcW# Y_Â&#x152;d o gk[ Z[iYh_XW Yed fh[Y_i_Â&#x152;d [b bk]Wh gk[ Z[X[ i[h h[]_ijhWZe o bWi f[hiedWi e YeiWi gk[ Z[X[d i[h Z[j[d_ZWi e i[Yk[ijhWZWiĂ&#x2021;$ :[ jWb cWd[hW gk[ bW i[]kh_ZWZ fhefehY_edWZW feh [ijW [dc_[d# ZW YedjhW f[hgk_i_jeh_ei o i[Yk[i# jhei _hhWpedWXb[i" iebe i[ Wfb_YW W bW WYY_Â&#x152;d ]kX[hdWj_lW" e i[W gk[ de [i l|b_ZW fWhW WYjei _b[]Wb[i Z[ _dZ_l_Zkei [d bei YkWb[i [b ]eX_[h# de de j_[d[ fWhj[1 c|i WÂ&#x2018;d [d [b YWie =ekb[Z li$ Kd_j[Z IjWj[i i[ i[Â&#x2039;WbÂ&#x152; gk[ bei cWdZWc_[djei f[h# gk_i_jeh_ei" de feZÂ&#x2021;Wd i[h kiWZei Yece c[Z_e fWhW ]WdWh WYY[ie W bW YWiW k e\_Y_dW Z[ kdW f[hiedW iebW# c[dj[ Yed [b fhefÂ&#x152;i_je Z[ ^WY[h kdW f[hgk_i_Y_Â&#x152;d fWhW Wi[]khWhi[ kdW fhk[XW W i[h kiWZW [d YedjhW Z[ Â&#x192;b" [d kd fheY[Z_c_[dje Yh_c_# dWb e f[dWb" i_de gk[ iebe fk[Z[ h[Ykhh_hi[ W [bbW YkWdZe kd Z[h[# Y^e fh_cWh_e W jWb f[hgk_i_Y_Â&#x152;d o i[Yk[ijhe fk[Z[ i[h ^WbbWZe [d [b _dj[hÂ&#x192;i gk[ [b fÂ&#x2018;Xb_Ye e [b gk[h[# bbWdj[ fk[ZWd j[d[h [d bei X_[d[i W i[Yk[ijhWhi[ e [d [b Z[h[Y^e W bW fei[i_Â&#x152;d Z[ bei c_icei" e YkWdZe kd [`[hY_Y_e l|b_Ze Z[b feZ[h Z[ feb_YÂ&#x2021;W" lk[bl[ W bW fei[i_Â&#x152;d Z[b X_[d feh fWhj[ Z[b WYkiWZe" _b[]Wb o Z_ifed[ gk[ Z[XW i[h jecWZe$ 9ED9BKI?ED;I :[ jeZe be YkWb i[ Z[ifh[dZ[ gk[ bW ehZ[d `kZ_Y_Wb gk[ ^WY[ fei_Xb[ bW [djhWZW o h[]_ijhe [d kd Zec_# Y_b_e i[ `kij_\_YW" [d [b ehZ[d fhe# Y[iWb f[dWb" feh bW d[Y[i_ZWZ Z[ _Z[dj_\_YWh o" [d ik YWie h[Ye][h be gk[ b[ _dj[h[i[ W bW _dl[ij_]WY_Â&#x152;d \_iYWb" i_d gk[ i[W efed_Xb[" \h[dj[ W jWb f[igk_iW b[]Â&#x2021;j_cWc[dj[ ehZ[# dWZW" i[Yh[je Wb]kde gk[" Z[djhe Z[b Zec_Y_b_e _dl[ij_]WZe" _cfeh# j[ W bWi WYjkWY_ed[i `kZ_Y_Wb[i [d Ykhie1 Z[ be gk[ i[ Z[ifh[dZ[ gk[ iebe fk[Z[ bb[lWhi[ W YWXe [b _d]h[# ie W kd Zec_Y_b_e fh_lWZe Yed bW Wkjeh_pWY_Â&#x152;d Z[ ik j_jkbWh o YkWd# :FEK@EL8 <E C8 GĂ?>@E8 $ :*
Ze Â&#x192;ij[ be d_[]k[ c[Z_Wdj[ ehZ[d `kZ_Y_Wb gk[ Wkjeh_Y[ bW [djhWZW o bWi WYj_l_ZWZ[i gk[ kdW l[p Z[d# jhe Z[b Zec_Y_b_e fk[Z[d i[h h[W# b_pWZWi1 [d jeZe YWie [b `k[p Z[X[ fedZ[hWh bei _dj[h[i[i [d `k[]e Yece bW ]WhWdjÂ&#x2021;W Z[b Z[h[Y^e W bW _dl_ebWX_b_ZWZ Z[b Zec_Y_b_e" o Z[ [ij[ ceZe Z_ifed[hbe e de$ H[if[Yje W bW 9edij_jkY_Â&#x152;d Z[ bei ;ijWZei Kd_Zei o bW [dc_[d# ZW YkWhjW" i[ i[Â&#x2039;WbW gk[ ied _hhW# pedWXb[i Wgk[bbei h[]_ijhei e i[Yk[ijhei YkWdZe ied WZefjWZei Yed l_ebWY_Â&#x152;d W bW 9edij_jkY_Â&#x152;d" Yed [b fhefÂ&#x152;i_je Z[ eXb_]Wh W kdW f[hiedW W fhel[[h Z[ fhk[XWi
;@MFI:@FJ ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8% C8LI8 D8IĂ 8 >FI;FE IF9<IKJ 8:KFI1 CL@J <M8E><C@F 8C8I:äE ;<D8E;8;F1 C8LI8 D8IĂ 8 >FI;FE IF9<IKJ AL@:@F1 M<I98C JLD8I@F ;< ;@MFI:@F Ef% )/.$)'(( 8Y^% I% 9iXmf :8J@CC<IF AL;@:@8C Ef% ((*' =LE;8D<EKF C<>8C1 8IK% ((' ELD<I8C (( ;<C :F;@>F :@M@C 89F>8;F1 ;I% 9PIFE 8P8C8 :L8EKĂ 81 @E;<K<ID@E8;8 G IFM@;<E:@8 1 8L KF ; < :8C@=@:8:@äE ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j () [\ XYi`c [\c )'((# cXj (._)+% M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi# cX [\dXe[X gi\j\ekX[X gfi1 CL@J <M8E><C@F# \j ZcXiX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`$ kfj [\ C\p p j\ cX X[d`k\ X ki}d`k\ m\iYXc jldXi`f gfi kXekf \e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`f$ eXek\ p [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf gfi \c 8ik%/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :@K<J<# X cX [\dXe[X[X j\Â&#x152;fiX1 C8LI8 D8I@8 >FI;FE IF9<IKJ# \e cX ]fidX jfc`Z`kX[X gfi d\[`f [\ ki\j glYc`$ ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e X e`m\c eXZ`feXc [\ cfj hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ X[alekX%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`$ cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e [X[X X jl 8Yf^X[f ;\]\ejfi%$ Efk`]Â&#x2C6;hl\j\%$ = ;i% =\c`g\ @e]Xek\ I\p% Al\q \eZXi$ ^X[f% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p% C\ gi\m\e^f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% 8Y^% Afi^\ D`\i 9liYXef J<:I<K8I@F ?Xp le j\ccf 8I&(+0(+&ZZ ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C I% [\c <% 8c j\Â&#x152;fi X % D@I<P :FE:<G:@äE KF8G8EK8 :<;<zF j\ c\ _XZ\ Zfef$ Z\i <C <OKI8:KF ;< ;<D8E;8 ;< ;@MFI:@F p cX GIFM@;<E:@8# hl\ X Zfek`elXZ`Â?e j`^l\1 <OKI8:KF 8Zkfi X 1 <EI@HL< 8C=FEJF >L<II8 G<C8<Q% :lXekÂ&#x2C6;X1 @e[\k\id`eX[X%$ Ki}d`k\1 M\iYXc JldXi`f%$ =\Z_X [\ @e`Z`XZ`Â?e1(' [\ ]\Yi\if [\ )'((% :XljX [\ ;@MFI:@F Ef% )'(($(0*$ AF?E 8P8C8%$ GIFM@;<E:@81 ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j )' [\ XYi`c [\c )'((# cXj '0_,-%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f j\^Â&#x2019;e XZZ`Â?e [\ g\ijfeXc Ef% .-)$;G$;GG%# [\ () [\ XYi`c [\ )'((%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X# \j ZcXiX p gi\Z`jX gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ M\iYXc JldXi`f%$ ZÂ&#x2C6;k\j\ X cX [\dXe[X$ [X j\Â&#x152;fiX D@I<P :FE:<G:@äE KF8G8EK8 :<;<zF# gfi d\[`f [\ glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e Â&#x201E;jkX [\ Hl`kf Zfe]fid\ \c XikÂ&#x2C6;Zlcf ((0 [\c :Â?[`^f :`m`c %$ 8^iÂ&#x201E;^l\ej\ Xc gifZ\jf cfj [fZld\ekfj gi\j\ekX$ [fj%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if p [fd`Z`c`f al[`Z`Xc [\j`^eX[fj%$ EFK@=@HL<J<%$ Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ c\p# X[m`ik`\e[f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc
YedjhW iÂ&#x2021; c_icW" be YkWb YedjhWh_W W bW gk_djW [dc_[dZW" fk[i de [i ZWXb[ Ă&#x2020;EXb_]Wh W kd ^ecXh[ [d kd YWie Yh_c_dWb W i[h j[ij_]e YedjhW iÂ&#x2021; c_iceĂ&#x2021;1 Z[ jWb ceZe gk[ [ijW [dc_[dZW [i bW XWi[ Yedij_jkY_e# dWb fWhW bW fhej[YY_Â&#x152;d YedjhW jeZe j_fe Z[ Z[j[dY_Â&#x152;d f[hiedWb" fk[i h[YWbYe [b YedY[fje YbWl[ Z[ [ijW [dc_[dZW" [i bW hWY_edWb_ZWZ Z[ bW WYjkWY_Â&#x152;d ]kX[hdWc[djWb" e i[W i[ fhej[][ YedjhW bW WYjkWY_Â&#x152;d _hhWpedWXb[ Z[b ]eX_[hde" f[he i[ h[YWbYW gk[ iebe fhej[][ W bWi f[h# iedWi o de W bei bk]Wh[i e YeiWi" fk[i WiÂ&#x2021; Z[X[ [dj[dZ[hi[ bW YkWh# jW [dc_[dZW Z[ bW 9edij_jkY_Â&#x152;d Z[
\e \c gXcXZ`f [\ aljk`Z`X [\ \jkX Z`l$ [X[%$ :\ik`]`Zf%$ Hl`kf# ', [\ dXpf [\ )'((%$ 8Y^% Afi^\ D`\i 9liYXef J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0+0*&k] <OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C1 8 <C J<zFI :8ICFJ 8EKFE@F F98E;F C8:?@D98% 8:KFI%$ ;F:KFI CL@J I8D@IF HL@CCLG8E>L@ GIF:LI8;FI AL;@:@8C ;< C8 J<zFI8 CLQ ?<ID<C@E;8 >FD<Q 8E>8D8I:8% ;<D8E;8;F%$ J<zFI :8ICFJ 8EKFE@F F98E;F C8:?@D98% AL@:@F1 Ef% )'(($ '*(0% J%K% KI8D@K<%$ M<I98C JLD8I@F :L8EKĂ 8% @e[\k\id`eX[X% =LE;8D<EKFJ1 <e cf [`jgl\jkf \e \c `eZ`jf j\^le[f [\ cX ZXljXc [Â&#x201E;Z`dX gi`d\iX [\c 8ik% ((' [\c :Â?[`^f :`m`c 8JLEKF%$ ;`mfiZ`f DXki`dfe`f Z\c\YiX[f cX :`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# \c ). [\ <e\if [\ (0//# ef _Xe X[hl`i`$ [f Y`\e\j p _Xe gifZi\X[f ZlXkif _`afj hl\ i\jgfe[\e X cfj efd$ Yi\j [\1 DXpiX 8c\oXe[iX# Ă?e^\c <[lXi[f# ;Xe`\cX G`cXi p Jk\]Xeep D`Z_\cc\ FYXe[f >Â?d\q# hl`\e\j \e cX XZklXc`[X[ cfj ki\j gi`d\ifj jfe dXpfi\j [\ \[X[ p cX lck`dX \j d\efi X[lckX% ;<=<EJFI ;< C8 8:KFI81 ;i% Cl`j Hl`cclgXe^l` @e`Z`X[f1 \c (+ [\ DXiqf [\c )'(( GIFM@;<E:@81 ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$Hl`kf# Al\m\j )+ [\ dXiqf [\c )'((# cXj (,_('%Ă&#x2020; M@JKFJ1 Ă&#x2020; Gfi Zldgc`[f cf [`jgl\jkf \e gif$ m`[\eZ`X `e`Z`Xc p \e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p # \e Zfej\Zl\eZ`X# [Â&#x201E;j\ \c ki}d`k\ M\iYXc JldXi`f% 8k\ekf \c aliXd\ekf i\e[`$ [f gfi \c XZkfi p [\ Zfe]fid`[X[ X cf [`jgl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ cX [\dXe$ [X[X# j\Â&#x152;fiX :Xicfj 8ekfe`f FYXe[f CXeZ_`dYX# gfi cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# \e cX ]fidX gi\m`jkX gfi \c 8ik% ((0 \c :Â?[`^f :`m`c%$ 8c \]\Zkf# Zfe]`Â&#x201E;$ iXj\ \c \okiXZkf i\jg\Zk`mf% KÂ&#x201E;e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e [\ ZliX$ [fi X[$c`k\d# _\Z_X \e cX [\dXe$ [X%$ 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X[X%$KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXc`[X[ \e cX hl\ ZfdgXi\Z\ \c ;i% Cl`j IXd`if Hl`cclgXe^l` K`klXÂ&#x152;X Zfe]fid\ cf XZi\[`kX \c [fZld\ekf X[alekf p \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;X$ cX[f%$ Efk`]Â&#x2C6;hl\j\%$%$] %$ ;I8% D8I@8 D<I:<;<J GFIK@CC8% AL<Q8 Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\j [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi :Xj`cc\if Al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf X ]`e [\ i\Z`Y`i gfj$ k\i`fi\j efk`]`ZXZ`fe\j \e cX gi\j\ek\ ZXljX% ;i% Cl`j Ife M`ccXm`Z\eZ`f J\Zi\kXi`f < ?Xp ]`idX p j\ccf 8:&.0+0+&k] I% [\c <% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C G8I81 =89c8E =<IE8E;F CL:<IF DLI>L<@K@F AL@:@F ;@MFI:@F Ef% (*0-$)'(' :%@% 8:KFI81 D8I@8 <;@K? KI@M@zF :8JKIF ;<D8E;8;F1 =89@8E =<IE8E;F CL:<IF DLI>L<@K@F F9A<KF ;@JFCL:@äE ;<C M@E:LCF D8KI@DFE@8C ;< :FE=FID@;8; :FE CF ;@JGL<JKF <E <C 8IK% ((' @E:@JF ;<:@DF GI@D<IF ;<C :F;@>F :@M@C% KI8D@K< M<I98C JLD8I@F :L8EK@8 @E;<K<ID@E8;8 :8J@CC<IF Ef +*(( ;<C ;I% N@CJFE ;< C8 :8;<E8 GIFM@;<E:@81
ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j )* [\ ]\Yi\if [\c )'((# cXj (._).%$ M@JKFJ%$CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p iÂ&#x201E;le\ cfj i\hl`j`kfj [\ C\p # gfi cf hl\ [\ZcX$ i}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX X ki}d`k\ M\iYXc JldXi`f%$ <e dÂ&#x201E;i`kf [\c aliXd\ekf i\e[`[f gfi cX 8ZkfiX jfYi\ cX `dgfj`Y`c`[X[ [\ [Xi Zfe \c [fd`Z`c`f f gXiX[\if [\ jl ZÂ?e$ pl^\ \c j\Â&#x152;fi =89@8E =<IE8E;F CL:<IF DLI>L<@K@F# ZÂ&#x2C6;k\j\ gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Z`iZlcXZ`Â?e [\ Â&#x201E;jkX Z`l[X[ [\ Hl`kf# Zfe]fid\ cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# d`jdfj hl\ [\Y\i}e j\i d\[`Xe[f gfi cf d\efj fZ_f [Â&#x2C6;Xj \eki\ leX p fkiX glYc`ZXZ`Â?e# X^iÂ&#x201E;^l\ej\ X cfj Xlkfj cfj Xe\ofj X[alekfj%$ KÂ?d\j\ \e Zl\ekX cX ZlXekÂ&#x2C6;X p ZXj`cc\if al[`$ Z`Xc j\Â&#x152;XcX[f gfi cX ZfdgXi\Z`\ek\ gXiX jlj ]lkliXj efk`]`ZXZ`fe\j%$ :Ă K<J< P EFK@=@HL<J<%$ = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q j`^l\ cX efk`]`ZXZ`Â?e Cf hl\ cc\mf X ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p% Gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX jlj efk`]`ZX$ Z`fe\j% :<IK@=@:F% JI8% AL8E8 :<M8CCFJ >% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&.0*0-&k] <OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 I8DFE8 C@C@8E8 :?8M8II@8 D<A@8 8:KFI1 ;I% 8CJMĂ 8;<J ><FM8EP <JHL@M<C M@CC<>8J# GIF:LI8;FI AL;@:@8C ;< D8I:F ;8E@<C 8CHL@E>8 >FEQ8C<J% ;<D8E;8;81 I8DFE8 C@C@8E8 :?8M8II@8 D<A@8 AL@:@F1 ;@MFI:@F Ef )/) Ă&#x2020; )'(( $ >M% KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8# Hl`kf# cle\j + [\ XYi`c [\c )'((# cXj '0_+-% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jkX Al[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p% <j gif$ Z\[\ek\ \c ki}d`k\ m\iYXc jldXi`f hl\ j\ jfc`Z`kX# \e Zfej\Zl\eZ`X# [\ Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# p cX X]`idXZ`Â?e YXaf aliXd\ekf [\c XZkfi [\ hl\ c\ _X j`[f `dgfj`$ Yc\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X# ZÂ&#x2C6;k\j\ X cX [\dXe[X[X j\Â&#x152;fiX IXdfeX C`c`XeX :_XmXiiÂ&#x2C6;X D\aÂ&#x2C6;X# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf# d\[`Xe[f fZ_f [Â&#x2C6;Xj \eki\ ZX[X glYc`ZXZ`Â?e%$ 8^iÂ&#x201E;^l\ej\ Xc gifZ\jf cfj [fZld\ekfj hl\ j\ XZfdgXÂ&#x152;Xe% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`$ Z`Xc j\Â&#x152;XcX[f gfi cX ZfdgXi\Z`\ek\%$ EFK@=@HL<J<% = ;I% I8LC D8I@zF ?<IEĂ?E;<Q AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`$ ^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iÂ&#x2C6;d\kif p \e cX ]fidX \jkXYc\Z`[fj \e cX c\p% ;I% D8EL<C 8DFE D<;@E8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0),'&k] I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :Â&#x2C6;k\j\ Zfe \c j`^l`\ek\ \okiXZkf [\ cX [\dXe[X [\ ;`mfiZ`f X ;FCFI<J >L8D8E 9LI>8# Zlpf k\efi \j \c j`^l`\ek\1 8:KFI1 AFJy D8I:F K8D8PF DFEK8CMF ;<D8E;8;81 ;FCFI<J >L8D8E 9LI>8 :C8J< ;< AL@:@F1 ;@MFI:@F Ef% -,0$)'(' JI> KI8D@K<1 M<I98C JLD8I@F
bei ;ijWZei Kd_Zei Z[ 7cÂ&#x192;h_YW$ Feh Â&#x2018;bj_ce lWb[ bW f[dW c[d# Y_edWh gk[ YkWdZe kdW f[hiedW Yedi_[dj[ [d [b h[]_ijhe Z[ cWd[hW lebkdjWh_W" i[ Z_Y[ h[dkdY_W W bW fhej[YY_Â&#x152;d Yedij_jkY_edWb o gk[ZW WiÂ&#x2021; lWb_ZWZW bW _dj[hl[dY_Â&#x152;d [ijW# jWb o [b [\[Yje Z[ be _dYWkjWZe Z[ [i[ ceZe [i b[]Wb" f[he bW WY[fjW# Y_Â&#x152;d Z[X[ i[h lebkdjWh_W" i_d YeWY# Y_Â&#x152;d \Â&#x2021;i_YW e c[djWb feh fWhj[ Z[ bW Feb_YÂ&#x2021;W e Z[ bW <_iYWbÂ&#x2021;W =[d[hWb Z[b ;ijWZe1 [ije [i [d ZeYjh_dW i[ Z_Y[ Ă&#x2020;De i[ h[gk_[h[ gk[ [b j_jk# bWh Z[b Z[h[Y^e W bW _dj_c_ZWZ gk[ Wkjeh_Y[ [b h[]_ijhe [ijÂ&#x192; YediY_[dj[ [nfh[iWc[dj[ gk[ j_[d[ Z[h[Y^e W
de Yedi[dj_h" [ij[ Z[X[ i[h lebkd# jWh_eĂ&#x2021; " f[he jWcX_Â&#x192;d i[ fh[]kdjW i_ bW Feb_YÂ&#x2021;W o%e [b C_d_ij[h_e FÂ&#x2018;Xb_Ye" [d dk[ijhe YWie bW <_iYWbÂ&#x2021;W =[d[hWb Z[b ;ijWZe" Z[X[ WZl[hj_h W [iW f[hiedW gk[ j_[d[ Z[h[Y^e Z[ de Yedi[dj_h [b h[]_ijhe" h[YehZWdZe gk[ [ijW eXb_]WY_Â&#x152;d" i_ ikXi_ij[ [d [b YWie Z[ Z[YbWhWY_Â&#x152;d" [ije [i W de Wkje_dYh_cWhi[" e i[W bW f[hiedW Z[X[ [ijWh YediY_[dj[ Z[ be gk[ [ij| h[dkdY_WdZe$ BW `kh_ifhkZ[dY_W Z[ bei ;ijWZei Kd_Zei cWd_\_[ijW Ă&#x2020;BW fhk[XW ieXh[ bW h[dkdY_W W Z[ i[h YbWhW" Z[ceijhWj_lW Z[ gk[ de [n_i# j_Â&#x152; YeWYY_Â&#x152;d l[hZWZ[hW Z[ YbWi[
J[d[h Z[h[Y^e Wb Wceh de i_]d_\_YW gk[ Wb]k_[d j[ lWoW W WcWh$ 7D7 HEII;JJ?
:L8EK@81 @E;<K<ID@E8;8 F9A<KF1 ;`jfcm\i \c m`eZlcf dXki`$ dfe`Xc GIFM@;<E:@8 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# *' [\ dXiqf cXj ((?+)%$ M@JKFJ%$ CX [\dXe$ [X [\ [`mfiZ`f hl\ gi\j\ekX AfjÂ&#x201E; DXiZf KXdXpf DfekXcmf \e ZfekiX [\ ;fcfi\j >lXdXe 9li^X i\Â&#x2019;e\ cfj i\hl`j`kfj c\^Xc\j2 \e Zfej\Zl\eZ`X j\ cX XZ\gkX Xc kiXd`k\ Zfii\jgfe$ [`\ek\ gfi cX mÂ&#x2C6;X M\iYXc JldXi`X%$ 8k\ekX cX Xj\m\iXZ`Â?e aliXd\ekX[X [\c [\dXe[Xek\ i\jg\Zkf X cX `dgfj`Y`c`[X[ [\ [Xi Zfe \c [fd`$ Z`c`f [\ cX [\dXe[X[X# ZÂ&#x2C6;k\j\ Zfe le \okiXZkf [\ cX [\dXe[X# p \jkX gifm`[\eZ`X X cX [\dXe[X[X gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[# Zfe `ek\imXcfj [\ gfi cf d\efj fZ_f [Â&#x2C6;Xj _}Y`c\j \eki\ leX p fkiX Z`kXZ`Â?e%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e hl\ \c XZkfi ]fidlcX i\jg\Zkf X le ZliX[fi X[$c`k\d gXiX jl _`af d\efi [\ \[X[%$ X^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZld\ekfj gi\j\ekX$ [fj p efk`]Â&#x2C6;hl\j\ Xc XZkfi \e cX ZXj`ccX )).*%$ Gfi gi\dXkliX j\ [\ZcXiX elcX cX gifm`[\eZ`X [`ZkX[X \c )+ [\ dXiqf [\c )'((%$ EFK@=@HL<J< ] % ;i% DXi`f Fik`q <jki\ccX% Al\q Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j \e \jkX Al[`ZXkliX% ;I% <;N@E :<M8CCFJ J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0),)&k] I% ;<C <% ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :`kXZ`Â?e Al[`Z`Xc X cX j\Â&#x152;fiX D8I@8E@K8 ;<C IFJ8I@F I8DFJ :?@:8@Q8 8Zkfi1 D8I@8EF ;@8Q Al`Z`f1 ;@MFI:@F )/($)'(($8%:% Ki}d`k\1 M<I98C JLD8I@F :lXekÂ&#x2C6;X1 @E;<K<ID@E8;8 Al\q j 1 ;I% 8ID8E;F 8:<C;F >L8CC@ J\Zi\kXi`f1 ;I% AL8E =I8E:@J:F ALJK@:@8 GIFM@;<E:@8 ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j + [\ XYi`c [\c )'((# cXj ('_,0%$ 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`$ [X[ [\ Al\q FZkXmf [\ cf :`m`c [\ G`Z_`eZ_X Jlgc\ek\# d\[`Xek\ f]`Z`f Ef% ((++$;;G# [\ (( [\ Alc`f [\c )''.# p \e m`ikl[ [\c jfik\f Zfii\jgfe[`\e$ k\%$ Gi\m`Xd\ek\ X gifm\\i cf hl\ ]l\iX [\ c\p# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% -0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \c XZkfi# [\ekif [\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj# Zfdgc\k\ cX [\dXe[X [\ XZl\i[f X cf gi\m`jkf \e \c eld\iXc / [\c 8ik% (-. @Y`[\d# Zldgc`\e[f Zfe cf [`jgl\jkf \e cfj =Xccfj [\ Ki`gc\ I\`k\iXZ`Â?e [\ cX :fik\ Jlgi\dX [\ Aljk`Z`X# glYc`$ ZX[X \e cX >XZ\kX Al[`Z`Xc Eif% /# J\i`\ OM@@# Zfe i\cXZ`Â?e Xc [\jZfef$ Z`d`\ekf [\c [fd`Z`c`f [\ cX [\dXe$ [X[X2 _\Z_f hl\ j\X# [\ekif [\c d`jdf kÂ&#x201E;id`ef# ZfdgXi\qZX X \jkX Al[`ZXkliX X i\e[`i \c aliXd\ekf gi\$ m`jkf \e \c `eZ`jf k\iZ\if [\c 8ik% /) [\c :Â?[`^f 8[a\k`mf :`m`c%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e gi\j\e$ kX[X%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c g\k`Z`feX$ i`f p cX ]XZlckX[ hl\ Zfe]`\i\ X jlj 8Yf^X[Xj [\]\ejfiXj%$ 8ZkÂ&#x2019;\ \c ;i%
AlXe =iXeZ`jZf Aljk`Z`X# \e ZXc`[X[ [\ J\Zi\kXi`f k`klcXi [\ \jkX Al[`ZXkliX# \e m`ikl[ [\ cX XZZ`Â?e [\ g\ijfeXc Eif% -+)$;EG# [\ '0 [\ 8Yi`c [\c )''0%$ Efk`]Â&#x2C6;hl\j\ p ZÂ&#x2019;dgcXj\%$ ] ;i% 8idXe[f 8Z\c[f >lXcc`% ALQ>8;F F:K8MF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j / [\ XYi`c [\c )'((# cXj ((_,.%$ M@JKFJ1 8^iÂ&#x201E;^l\j\ Xc gifZ\jf \c \jZi`kf gi\$ j\ekX[f%$ Gfi Zldgc`[f cf fi[\eX[f \e gifm`[\eZ`X `e`Z`Xc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p2 \e Zfej\Zl\eZ`X# j\ cX XZ\gkX Xc ki}d`k\ M\iYXc JldXi`f%$ ;\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# p \e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f gfi \c XZZ`f$ eXek\# ZÂ&#x2C6;k\j\ X cX [\dXe[X[X j\Â&#x152;fiX D8I@8E@K8 ;<C IFJ8I@F I8DFJ :?@:8@Q8# X kiXmÂ&#x201E;j [\ cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e [\ \jkX :`l[X[ [\ Hl`kf2 gXiX \c \]\Zkf# Zfe]`Â&#x201E;iXj\ \c \okiXZkf Zfii\jgfe[`\ek\%$ :fe cX `ej`elXZ`Â?e [\ :liX[fiX X[ c`k\d# Â?`^Xj\ X lef [\ cfj j\Â&#x152;fi\j =`jZXc\j [\c ;`jki`kf [\ G`Z_`eZ_X%$ Efk`]Â&#x2C6;hl\j\ p ZÂ&#x2019;dgcXj\% = ;i% 8idXe[f 8Z\c[f >lXcc`% Al\q Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% :\ik`]`Zf%$ ;I% AL8E =I8E:@J:F ALJK@:@8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0),/&k] I% ;<C <% ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C G8I8 <C J<zFI AFEEP A8M@<I A8I8D@CCF D8:@8J $<OKI8:KF$ AL@:@F1 ;@MFI:@F EÂ&#x2014; 0/ Ă&#x2020; )%'(( $ JI 8:KFI1 M@M@8E8 <C@Q89<K? G8:?<:F J8EK@CC8E ;<D8E;8;F1 AFEEP A8M@<I A8I8D@CCF D8:@8J KI8D@K<1 M<I98C JLD8I@F F9A<KF1 ;<:C8I8I ;@JL<CKF <C M@E:LCF D8KI@DFE@8C HL< C<J LE<# :FE=FID< CF ;@JGFE< <C @E:@JF J<>LE;F ;< C8 :8LJ8C ;y:@DF GI@D<I8 ;<C 8IK%$ ((' ;<C :ä;@>F :@M@C :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# DXik\j , [\ XYi`c [\ )'((# cXj (,_')%$ M@JKFJ1 Gfi Zldgc`[f Zfe \c i\hl\i`d`\ekf Xek\i`fi%$CX [\dXe$ [X gifgl\jkX gfi M`m`XeX <c`qXY\k_ GXZ_\Zf JXek`ccXe \j Zfdgc\kX# ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX X[d`k\ X ki}d`k\# \e al`Z`f M\iYXc JldXi`f%$<e Zfej\$ Zl\eZ`X# \e dÂ&#x201E;i`kf [\ cX X]`idXZ`Â?e hl\ YXaf aliXd\ekf _X i\Xc`qX[f cX 8ZkfiX# Zfe]fid\ cf [`jgfe\ \c 8ik%$/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ Xc j\Â&#x152;fi Afeep AXm`\i AXiXd`ccf DXZ`Xj# gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`i$ ZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf p \e cX Z`l[X[ [\ >lXpXhl`c# i\jg\Z$ k`mXd\ek\# Zfe]fid\ cf [`jgfe\ \c 8ik% ((0 [\c :Â?[`^f :`m`c# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e ZX[X leX [\ \ccXj \e ]\Z_Xj [`]\i\ek\j# d\[`Xe[f fZ_f [Â&#x2C6;Xj cXYfiXYc\j \eki\ leX p fkiX# gXiX cf ZlXc j\ \eki\^Xi} \c \okiXZkf i\jg\Zk`mf%$@eZfigÂ?i\ej\ X cfj Xlkfj cX [fZld\ekXZ`Â?e XZfd$ gXÂ&#x152;X[X%$KÂ?d\j\ efkX [\ cX ZlXekÂ&#x2C6;X# \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi cX
8ZkfiX# gXiX jlj efk`]`ZXZ`fe\j gfj$ k\i`fi\j# XjÂ&#x2C6; Zfdf \c efdYiXd`\ekf p Xlkfi`qXZ`Â?e dXe`]\jkX[fj \e ]Xmfi [\ jl ;\]\ejfi%$EFK@=@HL<J<% = ;i% IlYÂ&#x201E;e :\mXccfj =XYXiX% Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`$ ^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe% :\ik`]`Zf% ;i% E`cf >feqXcf 8cdXZ_`% J<:I<K8I@F ;<C ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.0)-'&k] I\gÂ&#x2019;Yc`ZX [\c <ZlX[fi ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 K@KF ><ID8E 8PF D8J898E;8 <OKI8:KF AL@:@F1 ;@MFI:@F Ef% (-0'$)'('$ ;I%$ G= 8:KFI1 D8EL<C8 EF?<DP 8C:FJ<I IF98C@EF ;<D8E;8;F1 K@KF ><ID8E 8PF D8J898E;8 F9A<KF1 F9K<E<I C8 ;@JFCL:@äE ;<C MĂ E:LCF D8KI@DFE@8C# Zfe$ ]fid\ Xc J\^le[f `eZ`jf [\ cX ZXljXc ((\iX% [\c 8ik% ((' [\c :Â?[`^f :`m`c KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 G I F M @ ; < E : @ 8 ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j )( [\ dXiqf [\c )'((# cXj ((_,*%$ M@JKFJ1 Gfi Zldgc`[f Zfe \c i\hl\i`d`\ekf Xek\i`fi%$CX [\dXe[X gifgl\jkX gfi \c j\Â&#x152;fi D8EL<C8 EF<DP 8C:FJ<I IF98C@EF# \j Zfdgc\kX# ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX X[d`k\ X ki}d`k\# \e al`Z`f M\iYXc JldXi`f%$ <e Zfej\Zl\eZ`X# \e dÂ&#x201E;i`$ kf [\ cX X]`idXZ`Â?e hl\ YXaf aliXd\e$ kf _X i\Xc`qX[f \c 8Zkfi# Zfe]fid\ cf [`jgfe\ \c 8ik%$/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ Xc j\Â&#x152;fi K@KF ><ID8E 8PF D8J898E;8# gfi cX gi\ejX \e lef [\ cfj g\i`Â?$ [`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e ZX[X leX [\ \ccXj \e ]\Z_Xj [`]\i\ek\j# d\[`Xe[f fZ_f [Â&#x2C6;Xj cXYfiXYc\j \eki\ leX p fkiX# gXiX cf ZlXc j\ \eki\$ ^Xi} \c \okiXZkf i\jg\Zk`mf%$ :fe cX `ej`elXZ`Â?e i\Xc`qX[X gfi cX 8ZkfiX# gXiX \c ZXi^f [\ :liX[fi 8[$c`k\d# j\ f`i} X lef [\ cfj j\Â&#x152;fi\j =`jZXc\j [\ G`Z_`eZ_X# X hl`\e j\ efk`]`ZXi} \e jl ;\jgXZ_f%$ @eZfigÂ?i\ej\ X cfj Xlkfj cX [fZld\ekXZ`Â?e XZfd$ gXÂ&#x152;X[X%$KÂ?d\j\ efkX [\ cX ZlXekÂ&#x2C6;X# \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c 8Zkfi# gXiX jlj efk`]`ZXZ`fe\j gfj$ k\i`fi\j# XjÂ&#x2C6; Zfdf \c efdYiXd`\ekf p Xlkfi`qXZ`Â?e dXe`]\jkX[fj \e ]Xmfi [\ jl ;\]\ejfi%$EFK@=@HL<J<% = ;i% IlYÂ&#x201E;e :\mXccfj =XYXiX% Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`$ ^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe%$ :\ik`]`Zf%$ ;i% E`cf >feqXcf 8cdXZ_` J\Zi\kXi`f [\c Alq^X[f ;Â&#x201E;Z`df K\iZ\if [\ cf :`m`c [\ G`Z_`eZ_X ?Xp le j\ccf 8%:%&.0)+'&gm I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% :@K8:@FE AL;@:@8C 81 G@<;8; ;<C IF:@F >FP<J M8:8# ;< C8 ;<D8E;8 M<I98C JLD8I@8# HL< J@>L< <E JL :FEKI8 I8=8<C >L8P8J8DĂ E :FCC8>L8QF 8:KFI1 I8=8<C >L8P8J8DĂ E :FCC8>L8QF# i\gi\j\ekX[f gfi \c 8Y% Cl`j 8eÂ&#x2C6;YXc CfqX[X CÂ?g\q# \e ZXc`[X[ [\ GifZliX[fi Al[`Z`Xc ;<D8E;8;81 G@<;8; ;<C IF:@F >FP<J M8:8 KI8D@K<1 M<I98C JLD8I@F 8JLEKF1 ;@MFI:@F AL@:@F Ef% ')0)$)'(( DJ :L8EK@81 @E;<K<ID@E8;8 ;FD@:@C@F AL;@:@8C Ef% *(,) 8Y%
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ?
Ä&#x192;
Wb]kdW" Z_h[YjW e _dZ_h[YjWĂ&#x2021;" f[he ^Wo gk[ h[YehZWh gk[ jeZe [ije ikY[ZÂ&#x2021;W [d Z_Y^e fWÂ&#x2021;i" [d [b YkWb bei Z[h[Y^ei Y_l_b[i o febÂ&#x2021;j_Yei [hWd ZedZ[ c|i i[ h[if[jWXWd" ^WijW Wdj[i Z[b '' Z[ i[fj_[cXh[ Z[ (&&'$
.2_ĹŠ 1!~ ĹŠ +!.-~ Ä&#x201D;ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠ
Cl`j CfqX[X CÂ?g\q GIFM@;<E:@8J ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# cle\j )/ [\ dXiqf [\c )'((# ('_,/%$ M@JKFJ% 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ [\dXe[X# \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`$ kfj [\ c\p% <j gifZ\[\ek\ \c ki}d`k\ M\iYXc JldXi`f# \e Zfej\Zl\eZ`X [\ Zfe]fid`[X[ Zfe \c aliXd\ekf i\e$ [`[f p cf gi\m`jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X cX [\dXe[X[X j\Â&#x152;fiX G@<;8; ;<C IF:@F >FP<J M8:8# d\[`Xek\ ki\j glYc`ZXZ`fe\j [\ gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e \[`kX[fj \e \jkX Z`l[X[ [\ Hl`kf# p \e cX Z`l[X[ [\ El\mX CfaX# Gifm`eZ`X [\c EXgf# cl^Xi [fe[\ j\ i\Xc`qÂ? \c dXki`dfe`f2 d\[`Xe[f fZ_f [Â&#x2C6;Xj Xc d\efj \eki\ leX p fkiX glYc`ZXZ`Â?e Zfe]fid\ cf gi\mÂ&#x201E; \c 8ik% ((0 [\c :Â?[`^f :`m`c%$ 8 cfj d\efi\j X[lckfj N<E;P D8>;8C<E8 p 8EK?FEP 9IP8E >L8P8J8DĂ E >FP<J# j\ c\j efk`]`ZXi} gfi leX jfcX m\q# d\[`Xek\ glYc`ZXZ`Â?e [\ gi\ejX \e le g\i`Â?[`$ Zf [\ dXpfi Z`iZlcXZ`Â?e \[`kX[f \e \jkX Z`l[X[ [\ Hl`kf p El\mX CfaX% KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f% :Â&#x2C6;k\j\ p efk`]Â&#x2C6;hl\j\%$ ] ;iX% DÂ?e`ZX =cfi GXqd`Â&#x152;f# Al\qX%$ Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`$ ^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc# \e cX Z`l[X[ [\ Hl`kf$<ZlX[fi# gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ 8Y% DXi`f CXjjf Fik\^X J<:I<K8I@F ;<C ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&./0'*&k] ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 D8I@8 K<I<J8 :?LJ@E :LPF <OKI8:KF AL@:@F1 M<I98C JLD8I@F Ă&#x2020; ;@MFI:@F 8:KFI1 IF;I@>F D8EL<C K@>8J@ :8@J8>L8EF ;<D8E;8;F1 D8I@8 K<I<J8 :?LJ@E :LPF KI8D@K<1 M<I98C JLD8I@F :8LJ8 Ef% ('.-$)'(' :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# (. [\ j\gk`\d$ Yi\ [\c )'('# cXj '/_))%$ M@JKFJ1 <e m`ikl[ [\c jfik\f i\jg\Zk`mf%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`$ kfj [\ C\p2 \e Zfej\Zl\eZ`X# j\ cX X[d`k\ Xc ki}d`k\ M\iYXc JldXi`f# \e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f2 p# [\ XZl\i[f X cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â&#x2C6;k\j\ X cX [\dXe[X[X D8I@8 K<I<J8 :?LJ@E :LPF gfi cX gi\e$ jX# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`i$ ZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf%$ Gfi j\Zi\kXiÂ&#x2C6;X \ekiÂ&#x201E;^l\j\ \c \okiXZkf i\jg\Zk`mf%$ Efk`]Â&#x2C6;hl\j\%$ ;i% Alc`f :\jXi 8dfi\j IfYXc`ef% AL<Q% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`\e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% ;iX% DXi`X <c\eX >l\ii\if J<:I<K8I@8 < ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&./0'-&k] ALQ>8;F ;<:@DF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C8 J<zFI8 M<IäE@:8 G8D<C8 J8E:?<Q >L<II<IF :FE C8 ;<D8E;8 ;< ;@MFI:@F AL@:@F1 ;\ [`mfiZ`f j`^eX[f Zfe \c Ef% ''('$)'(($ A:I 8:KFI1 GXYcf <jk\YXe CXii\X CleX ;<D8E;8;81 M<IäE@:8 G8D<C8 J8E:?<Q >L<II<IF =LE;8D<EKFJ ;< C8 8::@FE1 8ik% ((' Ef% (( `eZ`jf j\^le[f [\c :f[`^f :`m`c%
KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 :8J@CC<IF AL;@:@8C1 -'(( :%8%G% 89% AfjÂ&#x201E; =\ieXe[f DXikÂ&#x2C6;e\q 8% GIFM@;<E:@8 ;@:K8;8 ALQ>8;F ;<:@DF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (/ [\ ]\Yi\if [\c )''(# cXj '/_+(%$ M@JKFJ%$ <e m`ikl[ [\c jfik\f Zfii\j$ gfe[`\ek\# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ al\q k`klcXi% <e cf gi`eZ`gXc 1 cX [\dXe[X gi\j\ekX[X p hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p# \e Zfej\$ Zl\eZ`X j\ c\ XZ\gkX Xc ki}d`k\ m\iYXc jldXi`f% <e dÂ&#x201E;i`kf [\ cX [\ZcXiXZ`Â?e i\e[`[X Zfe aliXd\ekf gfi \c XZkfi# j\ [`jgfe\ hl\ X cX [\dXe[X[X M\iÂ?e`ZX GXd\cX J}eZ_\q >l\ii\if j\ cf Z`k\ gfi d\[`f [\ cX gi\ejX% KÂ&#x201E;e^Xj\ \e Zl\ekX \c el\mf ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gXiX jlj efk`]`ZX$ Z`fe\j% :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\% = ;I% AfjÂ&#x201E; DXikÂ&#x2C6;e\q EXiXeaf Al\q ;Â&#x201E;Z`df :`m`c [\ G`Z_`eZ_X% Cf hl\ cc\mf Xc ZfefZ`d`\ekf [\ cX [\dXe[X[X gXiX cfj ]`e\j [\ C\p# gi\m`e`\e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`$ Y`i jlj efk`]`ZXZ`fe\j p [\ekif [\c g\iÂ&#x2C6;d\kif [\ cX Z`l[X[ [\ Hl`kf% ;I% <;>8I =89@8E ?8IF M8C<EQL<C8 J<:I<K8I@F ;<C ALQ>8;F ;<:@DF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.//0/&k]
D<EFI<J I% ;<C <% ALQ>8;F :L8IKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :8EKFE D<A@8 :@K8:@äE AL;@:@8C 81 D8EL<C 8IKLIF D@I8E;8 DL<C8 J\ c\ _XZ\ ZfefZ\i hl\ \e \c Alq^X[f :lXikf [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X [\ G`Z_`eZ_X# X ZXi^f [\c ;i% AfjÂ&#x201E; Cl`j 8pfiX DXkX# j\ \jk} kiXd`kXe[f cX j`^l`\ek\ [\dXe[X1 <OKI8:KF :8LJ81 JLJG<EJ@äE ;< G8KI@8 GFK<JK8; Ef% ;< AL@:@F1 //$)'(($;G 8:KFI81 D8I@8 ;<C G@C8I G8K@zF 8J@D98P8 ;<D8E;8;F1 D8EL<C 8IKLIF D@I8E;8 DL<C8 KI8D@K<1 :FEK<E:@FJF :L8EK@81 @E;<K<ID@E8;8 %%%% >8;F :L8IKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ DXZ_XZ_`# X )( [\ dXiqf [\c )'((# cXj ((1''% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q K`klcXi [\ cX Al[`ZXkliX% <e cf gi`eZ`gXc# cX [\dXe[X [\ jljg\ej`Â?e [\ gXki`X gfk\jkX[# gi\j\ekX[X gfi DXiÂ&#x2C6;X [\c G`cXi GXk`Â&#x152;f 8j`dYXpX# i\j$ g\Zkf [\ cX d\efi [\ \[X[ GXcfdX :Xifc`eX D`iXe[X GXk`Â&#x152;f# \e ZfekiX [\ DXel\c 8iklif D`iXe[X Dl\cX# \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ XZ\gkX X ki}d`k\ Zfek\eZ`fjf ^\e\iXc [\ Zfe]fid`[X[ Zfe cf \jkXYc\Z`[f \e \c 8ik% ).( [\c :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X2 \e Zfej\Zl\eZ`X p Xk\ekf Xc aliXd\e$ kf i\e[`[f gfi cX XZkfiX# ZÂ&#x2C6;k\j\ Xc [\dXe[X[f DXel\c 8iklif D`iXe[X Dl\cX# [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e le g\i`Â?[`Zf [\ cX Z`l[X[ [\ Hl`kf# gfi ef ZfekXi Zfe \jk\ d\[`f [\ Zfdle`ZXZ`Â?e \e cX cfZXc`[X[# X hl`\e j\ c\ gi\m`\e\ [\ cX fYc`^XZ`Â?e [\ ZfdgXi\Z\i X \a\iZ\i jl [\i\Z_f X cX [\]\ejX# ZXjf ZfekiXi`f j\ gifZ\[\i} \e i\Y\c[Â&#x2C6;X% KÂ&#x201E;e^Xj\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX[f ZXj`ccX Ef% *.# XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e \ogi\jX[X Xc ;i% GXki`Z`f E`\kf2 X^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e X[alekX% :Â&#x2C6;k\j\ p efk`]Â&#x2C6;hl\j\%$ ] ;i% AfjÂ&#x201E; Cl`j 8pfiX DXkX# AL<Q :L8IKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`$ e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ hl\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e cX Z`l[X[ [\ DXZ_XZ_`# ZXjf ZfekiXi`f j\i} k\e`[f f [\ZcXiX[f \e i\Y\c[Â&#x2C6;X%
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä&#x2026;
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ?
:\ik`]`Zf% ;i% NXj_`e^kfe Dfc`eX M% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&.0+0(&k] :@K8:@äE AL;@:@8C J<:I<K8I@8 ;<C ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF 8C J<zFI >F<KJ:?<C >8IQFE IF><I <;L8I;F# C< ?8>F J89<I C8 J@>L@<EK< ;<D8E;81 <OKI8:KF :8LJ81 ;<D8E;8 JLJG<EJ@äE ;< G8KI@8 GFK<JK8; )'(($'+'/ 8:KFI81 ;< 9I@KF LI@>L<E ;@8E8 >@JJ<C ; < D 8 E ;8 ; F 1 > F < KJ : ? < C >8IQFE IF><I <;L8I;F D<EFI1 8CC8E @J88: >F<KJ:?<C ;< 9I@KF :L8EK@81 @E;<K<ID@E8;8 AL<Q1 ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF GIFM@;<E:@8 AL<Q1 ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF GIFM@;<E:@8 ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (, [\ XYi`c [\c )'((# cXj '/_(0%$ M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c i\ jfik\f i\Xc`qX[f# \e d` ZXc`[X[ [\ Al\q K`klcXi%$ <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\$ Z`jX# Zfdgc\kX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`$ k\ cX JLJG<EJ@FE [\ cX gXki`X gfk\j$ kX[ Zfe jla\Z`Â?e Xc gifZ\[`d`\ekf :fek\eZ`fjf >\e\iXc gi\jZi`kf \e \c XikÂ&#x2C6;Zlcf ).( p j`^l`\ek\j [\c :Â?[`^f [\ cX E`Â&#x152;\q p cX 8[fc\jZ\eZ`X# p leX m\q hl\ cX XZkfiX _X [\ZcXiX[f YXaf aliXd\ekf hl\ [\jZfefZ\ cX i\j`[\e$ Z`X p \c [fd`Z`c`f [\c j\Â&#x152;fi IF><I <;L8I;F >F<KJ:?<C >8IQFE# ZÂ&#x2C6;k\j\ \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e X e`m\c eXZ`feXc# ki\j# * glYc`ZXZ`fe\j \e ]\Z_Xj [`j$ k`ekXj# [\ Zfe]fid`[X[ Zfe cf \jkX$ Yc\Z`[f \e \c XikÂ&#x2C6;Zlcf /)# [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gi\m`e`Â&#x201E;e$ [fc\ hl\ [\ ef ZfdgXi\Z\i [\ekif [\ m\`ek\ [Â&#x2C6;Xj ZfekX[fj [\j[\ \c [Â&#x2C6;X j`^l`\ek\ [\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e# j\ jljkXeZ`Xi} \c ki}d`k\ \e i\Y\c[Â&#x2C6;X% $ @ek\im\e^X cX F]`Z`eX KÂ&#x201E;Ze`ZX [\ \jk\ Alq^X[f p cX ;@E8G<E gXiX cf ZlXc j\ i\d`k`i} \c Zfii\jgfe[`\ek\ f]`Z`f X jl ;`i\Zkfi# hl`\e\j \d`k`i}e jl `e]fid\ \e \c kÂ&#x201E;id`ef [\ c\p%$KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;X$ cX[f gfi cX XZkfiX p X^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e gi\j\ekX[X%$:Ă K<J< P EFK@=Ă HL<J<%$ Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p% Hl`kf# ), [\ 8Yi`c [\c )'((% ;I% ;@<>F 8E><C D8I:<CF :8D8:?F :?8M<Q J<:I<K8I@F ;<C ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF ?Xp ]`idX p j\ccf 8:&.0)+)&k] I ;<C < :@K8:@FE AL;@:@8C J<:I<K8I@8 ;<C ALQ>8;F J<>LE;F ;< E@z<Q P 8;FC<J:<E:@8 :8EKFE HL@KF 8C J<zFI :8ICFJ ?LD9<IKF 8I<M8CF D<CF P 8C GL9C@:F <E ><E<I8C C<J ?8>F J89<I C8 J@>L@<EK< ;<D8E;8 <OKI8:KF 8:KF I8 < : ? < M < I I @ 8 :8DGFM<I;< >I@:<C;8 <D@C@8 ;<D8E;8;F :8ICFJ ?LD9<IKF 8I<M8CF D<CF D<EFI<J1 ;8E@<C J8EK@8>F 8I<M8CF <:?<M<II@8 :8LJ81 )*+($)''0>D KI8D@K< : F E K < E : @ F J F ><E<I8C :L8EK@8 +%/'' ;FC8I<J AL<Q J<>LE;F ;< C8 E@z<Q P 8;FC<J:<E:@8 HL@KF GIFM@;<E:@81 ALQ>8;F J<>LE;F ;< E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF%$Hl`kf# dXik\j )0 [\ dXiqf [\ )'((# cXj (,_*(%$ 1 M@JKFJ1 Gfi _XY\i [X[f Zldgc`d`\ekf X cf fi[\$ eX[f \e gifm`[\eZ`X `ed\[`XkX Xek\$ i`fi# p gfi _XY\i [\ZcXiX[f cX j\Â&#x152;fiX >I@:<C;8 <D@C@8 <:?<M<II@8 :8DGFM<I;< YXaf aliXd\ekf jfYi\ \c [\jZfefZ`d`\ekf [\ cX XZklXc i\j`[\eZ`X f [fd`Z`c`f [\ gX[i\ [\C d\efi ;8E@<C J8EK@8>F 8I<M8CF <:?<M<II@8 j\ [`jgfe\ :@K8I Xc [\dXe[X[f :8ICFJ ?LD9<IKF 8I<M8CF D<CF gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e \jkX Gifm`eZ`X# gXiX cf ZlXc i\dÂ&#x2030;kXj\ le \okiXZkf [\ cX [\dXe[X p \c Zfek\e`[f [\ \jkX gifm`[\eZ`X% J` ZfekX[fj m\`ek\ [Â&#x2C6;Xj [\jglÂ&#x201E;j [\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e# \c [\dXe[X[f ef _X Zfek\jkX[f cX [\dXe[X e` _X j\Â&#x152;XcXe[f [fd`Z`c`f al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j# j\
[\ZcXiXi} jl i\Y\c[Â&#x2C6;X p \jk\ Alq^X[f XZklXi} Zfe]fid\ X cX C\p% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX$ [f gfi \c XZkfi p X^iÂ&#x201E;^l\j\ cX [fZl$ d\ekXZ`Â?e X[alekX%$%EFK@=@HL<J<%% ] ;i G\[if 8i`Xj :fife\c# Al\q 8[alekf Cf \ed\e[X[f >I@J<C;8 MXc\% Cf hl\ :@KF gXiX cfj ]`e\j [\ C\p% ;iX 8cYX GXcX^lXZ_` CXjjf J<:I<K8I@8 8;ALEK8 ?Xp ]`idX p j\ccf 8:&./0/)&k]
<A<:LK@MFJ I<Gè9C@:8 ;<C <:L8;FI ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE 8c Jij% E<CJFE =89I@:@F 9<E8M@;<J P<G<Q p FK@C;< 8I8:<C@ J8C8Q8I G8;@CC8 <OKI8:KF AL@:@F% <A<:LK@MF @eZldgc`d`\ekf [\ :fekiXkf 8:KFI8% >C<E;8 ?@G8K@8 CL:<IF 8CM8I<Q$GIF:LI8;FI8 AL;@:@8C ;<C 98E:F ><E<I8C ILD@z8?L@ J%8% ;<D8E;8;FJ1 E<CJFE =89I@:@F 9<E8M@;<J P<G<Q p FK@C;< 8I8:<C@ J8C8Q8I G8;@CC8 KIĂ?D@K< <A<:LK@MF :8LJ8 Ef% (+,/$)'('$GM :L8EKĂ 8% KI<:< D@C ;äC8I<J GIFM@;<E:@8% ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j )0 [\ Efm`\dYi\ [\c )'('# cXj ('?,) M@JKFJ% LeX m\q hl\ j\ _X [X[f Zldgc`d`\ekf Zfe cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi j\ [`jgfe\1 <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p \e Zfej\Zl\eZ`X cfj [\dXe[X[fj E<CJFE =89I@:@F 9<E8M@;<J P<G<Q p FK@C;< 8I8:<C@ J8C8Q8I G8;@CC8 # [\e$ kif [\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X# d}j cfj `ek\i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf kÂ&#x201E;id`ef gifgfe^Xe \oZ\gZ`f$ e\j YXaf gi\m\eZ`fe\j [\ C\p# Zfe$ ]fid\ cf [`jgfe\ \c gi`d\i `eZ`jf [\c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% <e m`ikl[ [\c aliXd\ekf i\e[`$ [f Zfe]fid\ [\k\id`eX \c 8ik% /) `eZ`jf k\iZ\if [\c :Â?[`^f 8[a\k`mf :`m`c j\ [`jgfe\ Z`kXi X cfj j\Â&#x152;fi\j E<CJFE =89I@:@F 9<E8M@;<J P<G<Q p FK@C;< 8I8:<C@ J8C8Q8I G8;@CC8 gfi d\[`f [\ ki\j glYc`$ ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`$ Z`Xc j\Â&#x152;XcX[X%% ;\j^cÂ?j\j\ cX [fZl$ d\ekXZ`Â?e i\hl\i`[X X cX g\ijfeX Xlkfi`qX[X% :fe]`Â&#x201E;iXj\ gfi d\[`f [\ j\Zi\kXiÂ&#x2C6;X \c i\]\i`[f \okiXZkf% EFK@=@HL<J<%$ = ;I% ALC@F :<J8I 8DFI<J%$ AL<Q% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% ;i% AFI>< G8C8:@FJ ?% J<:I<K8I@F ;<C ALQ>8;F K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8I&/)/(0&ZZ
I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 >C<E;8 :<:@C@8 :8II@CCF FIK@Q 8:KFI1 ;I% G89CF 8E;I<J G8C8:@FJ I@F=I@F <E :8C@;8; ;< 8GF;<I8;F <JG<:@8C P GIF:LI8;FI AL;@:@8C ;<C 98E:F ;< CFA8% ;<D8E;8;F1 >C<E;8 :<:@C@8 :8II@CCF FIK@Q AL@:@F1 <A<:LK@MF Ef (-(($)'(' DIM KI8D@K<1 <A<:LK@MF F9A<KF1 :F9IF ;< M8CFI<J 8;<L;8;FJ :L8EK@81 @E;<K<ID@E8;8
Ĺ?
=<:?8 ;< @E@:@F ;<C AL@:@F1 (/ ;< =<9I<IF ;<C )'((% GIFM@;<E:@8 ALQ>8;F ;<:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j (/ [\ ]\Yi\if [\c )'((# cXj (+_(*%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf X cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX p \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ <a\Zlk`mf%$ <e Zfej\Zl\eZ`X [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cX \a\ZlkX[X >C<E;8 :<:@C@8 :8II@CCF FIK@Q \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj gX^l\ \c mXcfi X[\l[X[f f gifgfe^X \oZ\gZ`fe\j [\ cXj hl\ j\ Zi\X Xj`jk`[X%$ <e m`ikl[ [\c aliX$ d\ekf i\e[`[f gfi cX gXik\ XZkfiX# [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\$ j\ X cX [\dXe[X[X d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[% KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;X$ cX[f gfi \c XZkfi p X^iÂ&#x201E;^l\j\ X cfj Xlkfj cX [fZld\ekXZ`Â?e X[ale$ kX% EFK@=@HL<J<%$ = ;i% :Xicfj =\ie}e[\q ?`[ifmf%$ AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`$ ]`ZXZ`fe\j%$ Hl`kf# '+ [\ dXiqf [\ )'((%$ :<IK@=@:F% ;I% =<IE8E;F E8I8EAF =8:KFJ J<:I<K8I@F ;<C ALQ>8;F ;<:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%&.0+-. I% [\c <% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF$ :@K8:@äE AL;@:@8C G8I81 :8ID<C@E8 8D<C@8 =<IEĂ?E;<Q :8A@C<D8 AL@:@F1 <A<:LK@MF Ef% ('00$)''' :%@% 8:KFI1 @M8E J8CM8;FI @E=8EK<# D<;@8EK< :<J@FE ;< ;<I<:?FJ C@K@>@FJFJ FKFI>8;FJ GFI D@>L<C J8CM8;FI I8DFE8:?F ;<D8E;8;81 :8ID<C@E8 8D<C@8 =<IEĂ?E;<Q :8A@C<D8 F9A<KF1 :fYif [\ )/ c\kiXj [\ ZXd$ Y`f gfi [`]\i\ek\j mXcfi\j% KI8D@K<1 <A<:LK@MF :L8EK@81 ++%0,'%'''#ff \hl`mX$ c\ek\j X (%.0/ [Â?cXi\j Xd\i`ZXefj 8Yf^X[f gXkifZ`eX[fi1 ;i% Afi^\ M`ccXZÂ&#x2C6;j JfcÂ&#x2C6;j ZXj`cc\if al[`Z`Xc Ef% (-0* GIFM@;<E:@81 ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$Hl`kf # efm`\dYi\ )/ [\c )%'''% CXj (,?''%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`$ j`kfj [\ C\p# gfi cf [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX X ki}d`k\ gifgl\jkf%$ <e Zfej\Zl\eZ`X# cX [\dXe[X[X# :Xid\c`eX 8d\c`X =\ie}e[\q :Xa`c\dX gX^l\ cf X[\l$ [X[f f gifgfe^X \oZ\gZ`fe\j [\ekif [\c kÂ&#x201E;id`ef c\^Xc [\ ki\j [Â&#x2C6;Xj# X^iÂ&#x201E;$ ^l\ej\ X cfj Xlkfj cfj [fZld\ekfj X[alekfj%$ <e dÂ&#x201E;i`kf [\ cX [fZld\e$ kXZ`Â?e X[alekX# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% +** p +,, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX \c \dYXi^f [\c `edl\Yc\ [\ gifg`\[X[ [\ cX [\dXe[X[X# p hl\ j\ \eZl\ekiX Zfejk`kl`[X \e Gi`d\iX ?`gfk\ZX 8Y`\ikX \e ]Xmfi [\c 8Zi\\[fi# d`jdf k`\e\ cXj j`^l`\e$ k\j ZXiXZk\iÂ&#x2C6;jk`ZXj1 J`^eX[f Zfe \c eÂ&#x2019;d\if *# [\jd\dYiX[f [\ lef \e lef [\ dXpfi \ok\ej`Â?e# lY`ZX[f \e cX gXiifhl`X <cfp 8c]Xif# :XekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# gXiX \c \]\Zkf# Efk`]Â&#x2C6;hl\j\ Xc j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\ \jk\ ZXekÂ?e Hl`kf# X ]`e [\ hl\ kfd\ efkX [\c \dYXi^f [`jgl\jkf%$ :Â&#x2C6;k\j\ Zfe \c Zfek\e`[f [\ cX [\dXe[X p gi\$ j\ek\ gifm`[\eZ`X \e \c cl^Xi j\Â&#x152;X$ cX[f# kÂ?d\j\ \e Zl\ekX cX ZlXekÂ&#x2C6;X p ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c ZfdgXi\Z`\ek\ gXiX jlj ]lkliXj efk`]`ZXZ`fe\j%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\ %$ = ;i% =\c`g\ >iXe[X 8^l`cXi%$Al\q%$ J`^l\ cX efk`]`ZXZ`Â?e % 8DGC@8:@äE GIFM@;<E:@81 ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$HL@KF# *' [\ dXiqf [\c )'('% CXj (,_,*%$ <e dÂ&#x201E;i`$ kf [\c aliXd\ekf i\e[`[f gfi \c 8Zkfi @mXe JXcmX[fi @e]Xek\# Zfe hl`\e j\ ZfekXi} Zfdf 8Zkfi gfi Z\j`Â?e
J[d[cei gk[ h[Y^WpWh jeZe be gk[ dei b_c_j[$ H?9>7H: 879>
[\ [\i\Z_fj c`k`^`fjfj fkfi^X[fj gfi D`^l\c JXcmX[fi IXdfeXZ_f# jfYi\ cX `dgfj`Y`c`[X[ [\ [Xi Zfe \c [fd`Z`c`f f gXiX[\if [\ cX j\Â&#x152;f$ iX :Xid\c`eX 8d\c`X =\ie}e[\q :Xa`c\dX# ZÂ&#x2C6;k\j\cf gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Z`iZlcXZ`Â?e eXZ`feXc# Zfe]fid\ cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ Cf hl\ cc\mf X jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p% Gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^X$ Z`Â?e hl\ k`\e\ hl\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`f$ e\j%$:\ik`]`Zf% JI8% AL8E8 :<M8CCFJ >% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&.0+0'&k] I% [\c <% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C G8I8 ;<D8E;8;FJ J<z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l`kf# al\m\j (* [\ \e\if [\c )'((# cXj (-_+*% M@JKFJ1 8mfZf ZfefZ`d`\e$ kf [\ cX gi\j\ek\ ZXljX# \e m`ikl[ [\c jfik\f i\Xc`qX[f \e cX i\jg\Zk`mX f]`Z`eX [\ Jfik\fj p \e ZXc`[X[ [\ Al\q Jlgc\ek\ d\[`Xek\ F]`Z`f Eif% '()$;;G$A8I# [\ )+ [\ <e\if [\c )'',%$ <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\e$ k\ j\ c\ X[d`k\ X ki}d`k\ <a\Zlk`mf gifgl\jkf%$ <e Zfej\Zl\eZ`X cfj [\dXe[X[fj A8@IF AFJ< FJJ8 ?8CCF P =I8E:P 8C<O8E;I8 D8IK@E<Q KFII<J# \e ZXc`[X[ [\ [\l[fi\j gi`eZ`gXc\j p AL8E D8EL<C FJJ8 ?8CCF P JLJ8E8 9<8KI@Q :8JK@CCF GFE:<# \e ZXc`[X[ [\ ^XiXek\j jfc`[Xi`fj# gX^l\e cf X[\l[X[f f gifgfe^Xe \oZ\gZ`fe\j [\ekif [\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj%$ <e dÂ&#x201E;i`kf [\c aliXd\ekf i\e[`[f gfi gXik\ [\c 8Zkfi GXYcf 8e[iÂ&#x201E;j GXcXZ`fj I`f]iÂ&#x2C6;f# \e jl ZXc`$ [X[ `emfZX[X jfYi\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cfj [\dXe[X[fj AX`if AfjÂ&#x201E; FjjX ?Xccf# =iXeZp 8c\oXe[iX DXikÂ&#x2C6;e\q Kfii\j# AlXe DXel\c FjjX ?Xccf p JljXeX 9\Xki`q :Xjk`ccf GfeZ\# ZÂ&#x2C6;k\j\ Zfe \c Zfek\e`[f [\ cX [\dXe[X p Â&#x201E;jk\ Xlkf hl\ Xek\Z\[\ X cfj [\dXe[X[fj A8@IF AFJ< FJJ8 ?8CCF P =I8E:P 8C<O8E;I8 D8IK@E<Q KFII<J# \e ZXc`[X[ [\ [\l[fi\j gi`eZ`gXc\j p AL8E D8EL<C FJJ8 ?8CCF P JLJ8E8 9<8KI@Q :8JK@CCF GFE:<# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf \e \c 8ik% /) [\c :Â?[`^f [\
AVISO
GifZ\[`d`\ekf :`m`c%$ 8^iÂ&#x201E;^l\ej\ Xc gifZ\jf cX [fZld\ekXZ`Â?e X[alekX%$ Ef j\ fi[\eX cX d\[`[X ZXlk\cXi jfc`Z`kX[X gfi ZlXekf ZfejkX [\c Z\i$ k`]`ZX[f [\ ^iXm}d\e\j fkfi^X[f gfi \c j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXekÂ?e Hl`kf hl\ \c `edl\Yc\ [\ gifg`\[X[ [\ cfj ;\dXe[X[fj AlXe DXel\c FjjX ?Xccf p JljXeX 9\Xki`q :Xjk`ccf GfeZ\ j\ \eZl\ekiX Zfejk`kl`[f \e GXki`dfe`f =Xd`c`Xi%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\j$ kf \e \c 8ik% 00) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# [\j^cÂ?j\j\ cX [fZld\ekXZ`Â?e X[alekX X cX [\dXe$ [X [\aXe[f ]fkfZfg`X Z\ik`]`ZX[X p gi\m`f i\Z`Yf \e Xlkfj%$ KÂ?d\j\ \e Zl\ekX cX ZlXekÂ&#x2C6;X p ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c 8Zkfi \e jl ZXc`[X[ `emfZX[X gXiX jlj efk`]`ZXZ`fe\j gfjk\i`fi\j%$ Efk`]Â&#x2C6;hl\j\ p :Â&#x2C6;k\j\%$ ] ;i% I\peXc[f =cfi 8cmXiX[f Al\q% j`^l\ cX efk`]`ZXZ`Â?e Cf hl\ cc\mf X jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p%$ Gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j gfjk\i`fi\j%$ :\ik`]`Zf%$ AlXeX :\mXccfj >% J\Zi\kXi`X ?Xp le j\ccf 8%:%&.0+-/ ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 CFJ J<zFI<J J<>LE;F =<C@O M@I8:F:?8 M@I8:L:?8 P IF:@F ;< CFJ 8E><C<J DF>IF =<IE8E;<Q# ;<C AL@:@F <A<:LK@MF GIFGL<JKF <E JL :FEKI8 GFI <C J<zFI ;@<>F 8E;I<J GL>8 D8@>L8% 8:KFI1 ;@<>F 8E;I<J GL>8 D8@>L8% ;<D8E;8;FJ1 J<>LE;F =<C@O M@I8:F:?8 M@I8:L:?8 P IF:@F ;< CFJ 8E><C<J DF>IF =<IE8E;<Q AL@:@F1 Ef% '',( )'(($DD KI8D@K<1 <A<:LK@MF :L8EKĂ 8 1 +%,''#'' GIFM@;<E:@81 ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j . [\ ]\Yi\if [\c )'((# cXj (._('% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`$ j`kfj [\ C\p# gfi cf hl\ j\ cf XZ\gkX X ki}d`k\ \a\Zlk`mf%$ <e Zfej\Zl\e$ Z`X cfj [\dXe[X[fj IF:@F ;< CFJ 8E><C<J DF>IF =<IEĂ?E;<Q p J<>LE;F =<C@O M@I8:F:?8 M@I8:L:?8# ZldgcXe Zfe jl fYc`$ ^XZ`Â?e f gifgfe^Xe \oZ\gZ`fe\j \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj%$ <e m`ikl[ [\c aliXd\ekf i\e[`[f gfi \c XZkfi p
REINA VICTORIA Y COLĂ&#x201C;N EDIFICIO BANCO GUAYAQUIL PISO 13 OFIC 1302ÂŞ
I% ;<C <% : @ K8: @ ä E AL;@:@8C 8 C ;<D8E;8;F1 :<J8I 8C=FEJF J8C8Q8I KF8CFD9F# <CJ8 :8ID<E 8CM8I<Q ELz<Q# 8E><C FJN8C;F 8D8>8E;@ IFD<IF P ILK? P8JD@E @IL8 :L8JGL; 8:KFI1 C:;8% A@D<E8 GL>8# ><I<EK< ;< C8 :FFG<I8K@M8 J8E AL8E ;< :FKF>:?F8 :L8EK@8 +%,'' [Â?cXi\j KI8D@K<1 AL@:@F <A<:LK@MF AL@:@F Ef% )/)$)''0$:%@% ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlÂ&#x2C6;# X (* [\ 8Yi`c [\c )''0%$ 8 cXj ((?*'%$ M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf \e al`Z`f <a\Zlk`mf# \e Zfej\Zl\eZ`X j\ [`jgfe\ hl\ cfj [\dXe[X[fj j\Â&#x152;fi\j1 :<J8I 8C=FEJF J8C8Q8I KF8C8D9F p <CJ8 :8ID<E 8CM8I<Q ELz<Q# \e ZXc`[X[ [\ [\l[fi\j gi`eZ`gXc\j2 p# 8E><C FJN8C;F 8D8E>8E;@ IFD<IF# ILK? P8JD@E @IL8 :L8JGL;# M@:KFI C<FE@;8J >L8PG8:?8 C8QF p D8I@8 K8D8D@ :8@Q8# Zfdf ^XiXek\j jfc`[Xi`fj# \e \c kÂ&#x201E;i$ d`ef [\ ki\j [Â&#x2C6;Xj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X Â? gifgfe^Xe \oZ\gZ`fe\j \e `^lXc kÂ&#x201E;id`ef%$ <e dÂ&#x201E;i`kf X cX [fZld\ekXZ`Â?e gi\j\e$ kX[X p cf hl\ [`jgfe\ \c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ fi[\eX cX Gif_`Y`Z`Â?e [\ <eXa\eXi \c cfk\ [\ k\ii\ef j`^eX[f Zfe \c eÂ&#x2019;d\if KI<J D@C HL@E@<EKFJ KI<@EK8 P LEF# [\ cX qfeX el\m\# j\Zkfi ZXii\kXj# [\ cX :ffg\iXk`mX [\ M`m`\e[X [\c Gl\Ycf eÂ&#x2019;d\if Lef# j`klX[f \e cX gXiifhl`X [\
CONVOCATORIA A JUNTA GENERAL UNIVERSAL ORDINARIA DE SOCIOS DE XPRESSEG CIA LTDA. AGENCIA ASESORA PRODUCTORA DE SEGUROS Se convoca a los seĂąores socios de XPRESSEG CĂa. Ltda. Agencia Asesora Productora de Seguros, a la Junta General Universal Ordinaria que se realizarĂĄ el dĂa 08 de Abril del 2010, a las 15:00 horas en el domicilio de la compaĂąĂa, Calle A N31-162 y Mariana de JesĂşs, para tratar y resolver el siguiente orden del dĂa: 1)
SE NOTIFICA A LOS ACREEDORES DE LA SUCURSAL DE LA COMPAĂ&#x2018;Ă?A EXTRANJERA, EMPRESA DE SERVICIOS DE GENERACIĂ&#x201C;N DE ENERGĂ?A Y MONTAJES ESGEM WORLDWIDE CORPORATION, EN LIQUIDACIĂ&#x201C;N, PARA QUE EN EL TĂ&#x2030;RMINO DE 20 DĂ?AS CONTADOS DESDE LA Ă&#x161;LTIMA PUBLICACIĂ&#x201C;N DE ESTE AVISO, PRESENTEN LOS DOCUMENTOS QUE ACREDITEN SU DERECHO EN LA SIGUIENTE DIRECCIĂ&#x201C;N:
[\ Zfe]fid`[X[ Zfe cf gi\m`jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ hl\ j\ Z`k\ X cfj [\dXe[X[fj IfZÂ&#x2C6;f [\ cfj Ă?e^\c\j Df^if =\ie}e[\q p J\^le[f =Â&#x201E;c`o M`iXZfZ_X M`iXZlZ_X# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ i\Xc`qXi}e \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf%$ <e d\i`kf Xc [fZld\ekf hl\ j\ XZfdgXÂ&#x152;X p [\ Zfe]fid`[X[ X cf gi\m`jkf \e \c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX cX gif_`Y`Z`Â?e [\ \eXa\eXi [\c cfk\ [\ k\ii\ef j`^eX[f Zfe \c eÂ&#x2019;d\if Ki\jZ`\ekfj FZ_\ekX p Lef >l`Â?e 8# j`klX[f \e cX dXeqXeX ki\`ekX p ZlXkif# qfeX iliXc [\ cX GXiifhl`X :lkl^cX^lX# :XekÂ?e D\aÂ&#x2C6;X%$ GXiX \c \]\Zkf# efk`]Â&#x2C6;hl\j\ Xc j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\ \j\ :XekÂ?e# d\[`Xek\ [\gi\ZXkfi`f Xc j\Â&#x152;fi Al\q [\ cf :`m`c [\ G`Z_`eZ_X Zfe i\j`[\eZ`X \e cX Z`l[X[ [\ DXZ_XZ_`%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if Al[`Z`Xc j\Â&#x152;XcX[f%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e XZfdgXÂ&#x152;X[X%$ Efk`]Â&#x2C6;hl\j\% $ ] ;iX% DÂ?e`ZX =cfi GXqd`Â&#x152;f% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`$ ^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% 8Y% DXi`f CXjjf Fik\^X J<:I<K8I@F ;<C ALQ>8;F M@>yJ@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.0++(&k]
Conocer las cuentas, el balance y el informe del Gerente General sobre el ejercicio econĂłmico del aĂąo 2010.
EGDAR CAMACHO VILLACRES GERENTE GENERAL
:fkfZfccXf# [\c ZXekÂ?e Hl`kf# gif$ m`eZ`X [\ G`Z_`eZ_X# [\ gifg`\[X[ [\ cfj ZÂ?epl^\j MÂ&#x2C6;Zkfi C\fe`[Xj >lXpgXZ_X CXqf p DXiÂ&#x2C6;X KXdXd` :X`qX# p d}j \jg\Z`]`ZXZ`fe\j Zfej$ kXek\j [\c :\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e Hl`kf hl\ j\ XZfdgXÂ&#x152;X%$ GXiX \c \]\Zkf efk`]Â&#x2C6;hl\j\ Xc j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# _XZ`\e$ [f ZfejkXi kXc gXik`ZlcXi# d\[`Xek\ ;\gi\ZXkfi`f X lef [\ cfj j\Â&#x152;fi\j Al\Z\j [\ cf :`m`c Zfe Xj`\ekf \e cX Z`l[X[ [\ Hl`kf%$ :Â&#x2C6;k\j\ X cfj [\dXe$ [X[fj j\Â&#x152;fi\j :\jXi 8c]fejf JXcXqXi KfXcXdYf# <cjX :Xid\e Ă?cmXi\q EÂ&#x2019;Â&#x152;\q# 8e^\c FjnXc[f 8dXe^Xe[` Ifd\if# Ilk_ PXjd`e @ilX :lXjgl[# MÂ&#x2C6;Zkfi C\fe`[Xj >lXpgXZ_X CXqf p DXiÂ&#x2C6;X KXdXd` :X`qX# \e \c cl^Xi hl\ j\ `e[`ZX \e cX gi\j\ek\ XZZ`Â?e# d\[`Xek\ ;\gi\ZXkfi`f X lef [\ cfj j\Â&#x152;fi\j Al\Z\j [\ cf :`m`c Zfe Xj`\ekf \e cX Z`l[X[ [\ Hl`kf%$ 8^iÂ&#x201E;^l\j\ cfj [fZld\ekfj hl\ j\ XZfdgXÂ&#x152;Xe%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f Eif% '*, g\ik\e\Z`\ek\ Xc ;fZkfi GXZf IXd`if JlekXo`%$ EFK@=Ă HLJ<%$ ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlÂ&#x2C6;# X ') [\ =\Yi\if [\c )'((# X cXj '/?''%$ 8k\ekf \c aliXd\ekf i\e[`[f gfi cX XZkfiX C`Z\eZ`X[X A`d\eX [\c IfZÂ&#x2C6;f Gl^X# :Xe^X^lXd`e >\i\ek\ [\ cX :ffg\iXk`mX JXe AlXe [\ :fkf^Z_fX% :Â&#x2C6;k\j\ X cfj [\dXe[X$ [fj :Â&#x201E;jXi 8c]fejf JXcXqXi KfXcfdYf# <cjX :Xid\e 8cmXi\q EÂ&#x2019;Â&#x152;\q# 8e^\c FjnXc[f 8dX^Xe[` Ifd\if p Ilk_ PXjdÂ&#x2C6;e @ilX :lXjgl[# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e Zfe]fid\ [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ EFK@=Ă HL<J<%$ ] ;i% Cl`j <[lXi[f KX`g\ al\q \eZXi^X[f Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`$ ^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e lef [\ cfj [\c cl^Xi [\c al`Z`f gXiX jlj ]lkliXj efk`]`ZXZ`fe\j% ;i% =\ieXe[f >iXeaX CXeXj J<:I<K8I@F ?Xp le j\ccf 8:&.0+.(&ZZ
FI;@E8I@FJ ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 ALC@F 8C9<IKF M@CC8>FD<Q2 p ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< :<:@C@F =<IE�E;<Q DLCCF# G<KIFE8 K@KF E8O@KFC@# AFJ< I8=8<C# AL8E =<IE�E;<Q K@KF2 P# [\ ALC@F :<J8I =<IE�E;<Q :?@>L8EF j\ c\j _XZ\
ZfefZ\i \c <OKI8:KF# [\ [\dXe[X FI;@E8I@8 p C8J GIFM@;<E:@8J HL< 8 :FEK@EL8:@FE J@>L<E1 <OKI8:KF1 8:KFI1 D8I@8 AFJ<=@E8 8@EF:8 <J:F98I ; < D 8 E ;8 ; F J 1 D8I@8 IL=@E8 98I8?FE8 K@KF2 J<>LE;F :<:@C@F# D8I@8 E8K@M@;8;# D8I@8 AFJ<=@E8# :8ID<E p D8I@8 D8>;8C<E8 =<IE8E;<Q K@KF2 IFJ8 G@<;8;# D8IK?8# J<>LE;F >8CF# 8C@:@8 p CL@J 8EKFE@F =<IE8E;<Q :?@>L8EF2 J<>LE;F AFJ< KF:K< HL@E8KF8# =8EEP >I8:@<C8 :8JKIF1 D8I@8 IFJ8I@F K@KF# ALC@F 8C9<IKF M@CC8>FD<Q2 p ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< :<:@C@F =<IEĂ?E;<Q DLCCF# G<KIFE8 K@KF E8O@KFC@# AFJ< I8=8<C# AL8E =<IEĂ?E;<Q K@KF2 P# [\ ALC@F :<J8I =<IEĂ?E;<Q :?@>L8EF$ 8JLEKF1 Hl\ gi\m`f \c ki}d`k\ g\ik`e\ek\# \e j\ek\eZ`X j\ c\ [\ZcXi\ X jl ]Xmfi cX Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f# jfYi\ \c cfk\ [\ k\ii\ef lY`ZX[f \e cX 8m% DXc[feX[f p ZXcc\ j`e efdYi\# YXii`f G\icX [\ >lXdXeÂ&#x2C6;# gXiifhl`X >lXdXeÂ&#x2C6; Xek\j :_`ccf^Xccf# ZXekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# Z`i$ ZlejZi`kf [\ekif [\ cfj j`^l`\ek\j @`e[\ifj2 Efik\1 :Xcc\ j`e efdYi\ \e (+#-- dkj%2 Jli1 gifg`\[X[ [\ DXiÂ&#x2C6;X EXk`m`[X[ =\ie}e[\q# \e (,#/, dkj2 <jk\1 8m% DXc[feX[f# \e (/#*' dkj% p F\jk\1 gifg`\[X[ [\ =Xljkf >l\ii\if \ (/#(,dkj%%$:fe le }i\X kfkXc [\ )0+#/0 dkj% :lX[iX[fj# jfYi\ \c hl\ j\ _X Zfejkil`[f leX ZXjX [\ [fj g`jfj% :l\ekX Zfe cfj j\im`Z`fj Y}j`Zfj [\ clq# X^lX# XcZXekXi`ccX$ [f# k\cÂ&#x201E;]fef% KI8D@K<1 Fi[`eXi`f%$ :L8EK@8%$ @e[\k\id`eX[X%$ =<:?8 ;< @E@:@8:@FE1 '( [\ [`Z`\dYi\ [\c )'('%$ ;<=<EJFI% ;i% NXj_`e^kfe M\cfq :XdXZ_f %$ AL@:@F FI;@E8I@F Ef% (-*+$)'(' A%K%9%I% GIFM@;<E:@81 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j ). [\ [`Z`\dYi\ [\c )'('# cXj (,_'+% M@JKFJ1 CX Zfdg\k\eZ`X [\ \jkX ZXljX# j\ _X iX[`ZX[f \e \jkX Al[`ZXkliX d\[`Xek\ \c jfik\f i\j$ g\Zk`mf# gfi cf kXekf# XmfZf ZfefZ`$ d`\ekf [\ cX d`jdX%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\$ Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X# [Â&#x201E;j\ \c ki}d`k\ Fi[`eXi`f% :Â&#x2C6;k\j\ X cfj [\dXe[X$ [fj1 D8I@8 IL=@E8 98I8?FE8 K@KF2 J<>LE;F :<C@F# D8I@8 E8K@M@;8;# D8I@8 AFJ<=@E8# :8ID<E p D8I@8 D8>;8C<E8 =<IE8E;<Q K@KF2 IFJ8 G@<;8;# D8IK?8# J<>LE;F >8CF# 8C@:@8 p CL@J 8EKFE@F =<IE8E;<Q
COMPAĂ&#x2018;Ă?A DE TRANSPORTES ECUATORIANA TRANSHEROICA S.A. Con el alto Sentimiento de Estima y Respeto que Profeso a todos ustedes, por la facultad que me otorga conforme a lo dispuesto por el artĂculo 235 de la Ley de CompaĂąĂas, acorde con el 22 del estatuto social, me permito CONVOCAR a los accionistas de la CompaĂąĂa de Transportes Ecuatoriana Transheroica S.A. a JUNTA GENERAL EXTRAORDINARIA, para conocer y resolver sobre: 1. Informe del Gerente General 2. Conocimiento y ResoluciĂłn al Ăşltimo informe de la Superintendencia de CompaĂąĂas por la Denuncia realizada por los seĂąores: Arias Norma Bucheli MarĂa Caiza Marco CalderĂłn Marco Carvajal Segundo Castro Hugo GarcĂa Jonny EspĂn BolĂvar LisintuĂąa RaĂşl LĂłpez Cristian Olalla Segundo Mancero Mirian Segura Segundo Vaca Milton Velasco Edwin Por el respeto a nuestros semejantes la reuniĂłn se efectuarĂĄ a la hora indicada en la Avenida La Ecuatoriana N° Oe8-179 y Luis RiofrĂo, sector la Ecuatoriana de Quito el DĂa Viernes 20 de Mayo a partir de las 09h00 a.m. Se ruega puntual asistencia. Se convoca de manera especial y particular al Sr. Marcelo Palacios y Sr. Ă ngel YĂĄnez, Comisarios Principal y Suplente de la CompaĂąĂa de Transportes Ecuatoriana Transheroica S.A. Sr. Carlos PĂĄez Pozo GERENTE GENERAL
JAIME BENĂ?TEZ QUINTERO LIQUIDADOR AR/14908/cc
AR/82833/cc
AC/79487/tf
:?@>L8EF2 J<>LE;F AFJ< KF:K< HL@E8KF8# =8EEP >I8:@<C8 :8JKIF2 p D8I@8 IFJ8I@F K@KF# \e cfj cl^Xi\j `e[`ZX[fj gXiX \c \]\Z$ kf# d\[`Xek\ cX F]`Z`eX [\ :`kXZ`fe\j i\jg\Zk`mX2 p# Xk\ekf \c aliXd\ekf i\e[`[f gfi cX XZkfiX p [\ Zfe]fid`$ [X[ X cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X1 ALC@F 8C9<IKF M@CC8>FD<Q# _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ :<:@C@F =<IE8E;<Q DLCCF# G<KIFE8 K@KF E8O@KFC@ # AFJ< I8=8<C# AL8E =<IE8E;<Q K@KF2 p# [\ ALC@F :<J8I =<IE8E;<Q :?@>L8EF# Zfe cX Zfg`X [\ cX [\dXe[X p [\ \jkX gifm`[\eZ`X# X ]`e [\ hl\ cX Zfek\jk\e \e \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj# gifgfe`\e[f kf[Xj cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekf$ i`Xj X hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf gi\m\eZ`fe\j \e i\Y\c[Â&#x2C6;X% :lÂ&#x201E;ek\j\ Zfe \c @% Dle`Z`g`f [\ Hl`kf%$ ;\ Zfe$ ]fid`[X[ Zfe cf [`jgl\jkf gfi \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiÂ&#x2C6;YXj\ cX [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[# Xek\j [\ hl\ j\Xe Z`kX[fj cfj [\dXe[X[fj%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e XZfdgXÂ&#x152;X[X% KÂ&#x201E;e^Xj\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX$ [f% 8ZkÂ&#x2019;\ \c J\Zi\kXi`f \eZXi^X[f% Efk`]Â&#x2C6;hl\j\% = ;i% GXki`Z`f MXZX Hl`aXef% Al\q% ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (. [\ \e\if [\c )'((# cXj ()_'(%$8k\ekX cX g\k`Z`Â?e hl\ Xek\Z\[\# j\ XZcXiX \c Xlkf [\ ]\Z_X ). [\ [`Z`\dYi\ [\c )'('# [`ZkX[f X cXj (,_'+# \e \c j\ek`[f [\ hl\ lef [\ cfj [\dXe$ [X[fj# i\jgfe[\ X cfj efdYi\j [\1 J<>LE;F :<:@C@F =<IE8E;<Q K@KF# p ef Zfdf \iiÂ?e\Xd\ek\ j\ _X _\Z_f ZfejkXi Zfdf :\c`f% <e cf [\d}j# cXj gXik\j \jkXi}e X cf [`j$ gl\jkf \e [`Z_f Xlkf% Efk`]Â&#x2C6;hl\j\% = ;i% GXki`Z`f MXZX Hl`aXef% Al\q% ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j# )+ [\ dXiqf [\c )'((# cXj (,_,'%$8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q \eZXi^X[f [\ \jkX Al[`ZXkliX# \e m`ikl[ [\ cX 8ZZ`Â?e [\ G\ijfeXc Ef% -'+$;G$ ;GG [\ )) [\ dXiqf [\c )'((%$ <e cf gi`eZ`gXc# Xk\ekX cX g\k`Z`Â?e ]fi$ dlcX[X# \c aliXd\ekf i\e[`[f gfi cX XZkfiX p [\ Zfe]fid`[X[ X cf gi\$ m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X1 ALC@F 8C9<IKF M@CC8>FD<Q# _\i\[\$ ifj gi\jlekfj p [\jZfefZ`[fj [\ :<:@C@F =<IE8E;<Q DLCCF# G<KIFE8 K@KF E8O@KFC@ # AFJ< I8=8<C# AL8E =<IE8E;<Q K@KF2 p# [\ ALC@F :<J8I =<IE8E;<Q :?@>L8EF# gfi cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZl$ cXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l$ [X[ [\ Hl`kf# Zfe \c \okiXZkf [\ cX
[\dXe[X p \jkX gifm`[\eZ`X # X ]`e [\ hl\ cX Zfek\jk\e \e \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj# gifgfe`\e[f kf[Xj cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekfi`Xj X hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf gi\m\eZ`fe\j \e i\Y\c[Â&#x2C6;X% 8c \]\Zkf# Zfe]`Â&#x201E;iXj\ \c \okiXZkf i\jg\Zk`mf% Efk`]Â&#x2C6;hl\j\% = ;i% N`cd\i 8dYifjj` IfYc\j# Al\q \eZXi^X[f% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;X$ cXi [fd`Z`c`f al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% 8Y% A\eep 9\cki}e I`m\iX% J<:I<K8I@8 < ?Xp ]`idX p j\ccf 8:&.0+).&k]
I<D8K<J I [\c < ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< AL@:@F <A<:LK@MF Ef% ,+)$)''+ ;iX% BA J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`$ Zf \e ^\e\iXc hl\ \c [Â&#x2C6;X m`\ie\j )+ [\ ale`f [\c [fj d`c feZ\ [\j[\ cXj ZXkfiZ\ _XjkX cXj [`\Z`fZ_f _fiXj# \e cX j\Zi\kXi`X [\ \jkX Al[`ZXkliX k\e$ [i} cl^Xi \c i\dXk\ [\c Y`\e `edl\Yc\ hl\ _X Zfek`elXZ`Â?e j\ [\kXccX% L9@:8:@äE1 Gifm`eZ`X1 G`Z_`eZ_X :XekÂ?e1 Hl`kf GXiifhl`X1 <c JXcmX[fi LY`ZXZ`Â?e1 :`l[X[\cX 8dXqfeXj# ZXcc\ Af\c Dfeifp Ef% (/(, p (0 [\ Ale`f j\Zkfi <c K\aXi% C@E;<IFJ ;<C @EDL<9C<1 Efik\1 :fe \c gXjXa\ [\ \ekiX[X p Cfk\ [\ DXiÂ&#x2C6;X 9fiaX p C`c`XeX CÂ?g\q \e leX Cfe^`kl[ [\ (*#'' d\kifj% JLI1 :fe Hl\YiX[X Dle`Z`gXc \e leX Cfe^`kl[ [\ (+#'' d\kifj% <JK<1 :fe Cfk\ E% G\Â&#x152;X]`\c \e leX Cfe^`kl[ [\ ),#), d\kifj% F<JK<1 :fe Cfk\ Ef% * \e leX cfe^`$ kl[ [\ ),#'' d\kifj% :89@;8 ;<C K<II<EF JLG<I=@:@< ;<C CFK<1 */)#(, d\kifj ZlX[iX[fj% :8I8:K<I@JK@:8J ;<C K<II<EF1 <j [\ ]fidX `ii\^lcXi% :FEJKIL::@FE<J <O@JK<EK<J ;< ;FJ GC8EK8J Ef% ( :FEJKIL::@FE GC8EK8 98A8% LJF1 M`m`\e[X 8D9@<EK<J1 ;fj [fid`kfi`fj ^iXe$ [\j hl\ ljXe gXiX kiXYXaf% <JKIL:KLI81 ?fid`^Â?e XidX[f \e1 Z`d`\ekfj# ZX[\eXj# ZfcldeXj p m`^Xj% D8DGFJK<I@81 9cfhl\ I<:L9I@D@<EKFJ1 <eclZ`[f `ek\$ i`fi p \ok\i`fi# g`ekX[f `ek\i`fi p \ok\i`fi%
<EKI<G@JFJ1 G`jfj [\ _fid`^Â?e j`dgc\% :F9<IKLI81 CfjX [\ _fid`^Â?e XidX[f <J:8C<I8J1 Jfe [\ _fid`^Â?e XidX[f GL<IK8J1 Gl\ikX \ok\i`fi \j d\k}$ c`ZX p dX[\iX M<EK8E8J1 ?`\iif# m`[i`f p gifk\Z$ Z`fe\j d\k}c`ZXj% @EJK% <C<:KI@:8J1 <dgfkiX[Xj# dXe^l\iX [\ (Ă?) p XcXdYi\ () @EJK% J8E@K8I@8J1 <dgfkiX[Xj [\ GM:% <JK8;F1 I\^lcXi ]XckX k\id`eXi 8I<8 ;< :FEJKIL::@äE1 (+/#,) d) :FEJKIL::@äE GC8EK8 8CK8% LJF1 M`m`\e[X 8D9@<EK<J1 JXcX# Zfd\[fi# ZfZ`eX# ZlXkif [fid`kfi`fj# [fj YXÂ&#x152;fj% <JKIL:KLI81 ?fid`^Â?e XidX[f \e1 ZfcldeXj p m`^Xj% D8DGFJK<I@81 9cfhl\% I<:L9I@D@<EKFJ1 <eclZ`[f `ek\$ i`fi p \ok\i`fi# g`ekX[f `ek\i`fi p \ok\i`fi# Z\i}d`ZX [\ g`jf p gXi\[ \e YXÂ&#x152;fj p ZfZ`eX# gXihl\k \e jXcX Zfd\[fi p [fid`kfi`fj% <EKI<G@JFJ1 CfjX [\ _fid`^Â?e XidX[f% :F9<IKLI81 CfjX [\ _fid`^Â?e XidX[f <J:8C<I8J1 Jfe [\ _fid`^Â?e XidX[f GL<IK8J1 Gl\ikXj \ok\i`fi\j p `ek\$ i`fi\j dX[\iX M<EK8E8J1 ?`\iif# m`[i`f p gifk\Z$ Z`fe\j d\k}c`ZXj% @EJK% <C<:KI@:8J1 <dgfkiX[Xj# dXe^l\iX [\ (Ă?) p XcXdYi\ () @EJK% J8E@K8I@8J1 <dgfkiX[Xj [\ GM:% G@<Q8J J8E@K8I@8J1 <[\jX [\ ]XYi`ZXZ`Â?e eXZ`feXc <JK8;F1 I\^lcXi 8I<8 ;< :FEJKIL::@äE1 (*+#,) d) 8I<8 ;< :FEJKIL::@äE KFK8C Ef% ( 4 )/*#'+ d) :FEKIL::@FE<J <O@JK<EK<J ;< ;FJ GC8EK8J Ef% ) :FEKIL::@äE GC8EK8 98A8% LJF1 M`m`\e[X 8D9@<EK<J1 :fd\[fi# ZfZ`eX# [fj [fid`kfi`fj# le YXÂ&#x152;f% <JKIL:KLI81 ?fid`^Â?e XidX[f \e1 Z`d`\ekfj# ZX[\eXj# ZfcldeXj p m`^Xj% D8DGFJK<I@81 9cfhl\% I<:L9I@D@<EKFJ1 <eclZ`[f `ek\$ i`fi p \ok\i`fi# g`ekX[f `ek\i`fi p \ok\i`fi# Z\i}d`ZX [\ g`jf p gXi\[ \e YXÂ&#x152;f p ZfZ`eX# Z\i}d`ZX [\ g`jf \e Zfd\[fi% <EKI<G@JFJ1 G`jfj [\ _fid`^Â?e j`dgc\% :F9<IKLI81 CfjX [\ _fid`^Â?e XidX[f <J:8C<I8J1 Jfe [\ _fid`^Â?e XidX[f
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS
EXTRACTO CONSTITUCION DE LA COMPAĂ&#x2018;IA CEREANOLA CIA. LTDA. La compaĂąĂa CEREANOLA CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 28 de Abril de 2011, fue aprobada por la Superintendencia de CompaĂąĂas mediante ResoluciĂłn SC.IJ.DJC.Q.11.001960 de 06 de Mayo de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, Provincia de PICHINCHA 2.- CAPITAL: Suscrito US$ 5.000,00 NĂşmero de Participaciones 5.000 Valor US$1,00. 3.- OBJETO.- El objeto de la compaĂąĂa es: PRODUCCION, INDUSTRIALIZACION, COMERCIALIZACION, DISTRIBUCION, IMPORTACION, Y EXPORTACION DE TODO TIPO DE ALIMENTOS APTOS PARA EL CONSUMO HUMANO Y ANIMAL. PRODUCCION Y COMERCIALIZACION DE ALIMENTOS EXPENDIDOS A BASE DE QUINUA Y DEMAS CEREALES... Quito, 06 de Mayo de 2011
J[d[cei bW YWX[pW fWhW ]WdWh Z_d[he o [b YehWpÂ&#x152;d fWhW ]WijWhbe$ =;EH=; <7HGK>7H
GL<IK8J1 Gl\ikXj \ok\i`fi\j d\k}$ c`ZX p dX[\iX% M<EK8E8J1 ?`\iif# m`[i`f p gifk\Z$ Z`fe\j d\k}c`ZXj% @EJK% <C<:KI@:8J1 <dgfkiX[Xj# dXe^l\iX [\ (Ă?) p XcXdYi\ () @EJK% J8E@K8I@8J1 <dgfkiX[Xj [\ GM:% <JK8;F1 I\^lcXi ]XckX k\id`eXi 8I<8 ;< :FEJKIL::@äE1 (',#'+ d) :FEJKIL::@äE GC8EK8 8CK8% LJF1 M`m`\e[X 8D9@<EK<J1 JXcX# Zfd\[fi# ZfZ`eX# [fj [fid`kfi`fj# le YXÂ&#x152;f% <JKIL:KLI81 ?fid`^Â?e XidX[f \e1 ZfcldeXj p m`^Xj% D8DGFJK<I@81 9cfhl\% I<:L9I@D@<EKFJ1 <eclZ`[f `ek\$ i`fi p \ok\i`fi# g`ekX[f `ek\i`fi p \ok\i`fi# Z\i}d`ZX [\ g`jf p gXi\[ \e YXÂ&#x152;fj p ZfZ`eX# gXihl\k \e jXcX Zfd\[fi p [fid`kfi`fj% <EKI<G@JFJ1 CfjX [\ _fid`^Â?e XidX[f% :F9<IKLI81 CfjX [\ _fid`^Â?e XidX[f GL<IK8J1 Gl\ikXj \ok\i`fi\j d\k}$ c`ZXj p `ek\i`fi \j dX[\iX% M<EK8E8J1 ?`\iif# m`[i`f p gifk\Z$ Z`fe\j d\k}c`ZXj% @EJK% <C<:KI@:8J1 <dgfkiX[Xj# dXe^l\iX [\ (Ă?) p XcXdYi\ () @EJK% J8E@K8I@8J1 <dgfkiX[Xj [\ GM:% <JK8;F1 I\^lcXi ]XckX k\id`eXi 8I<8 ;< :FEJKIL::@äE1 (''#). d) 8I<8 ;< :FEJKIL::@äE KFK8C Ef% ) 4 )',#*( d) 8M8CLF ;<C @EDL<9C< J@KL8;F <E C8 :@L;8;<C8 8D8QFE8J ;<J:I@G:@äE2 LE;2 :8EK@;2 G% LE@K8I@F2 G% KFK8C K<II<EF2 D)2 */)#(,2 +,#''2 (.%(0-#., :FEJKIL::@äE Ef% ( ;FJ GC8EK8J ;< ?FID@>FE 8ID8;F2 D)2 )/*#'+2 (+.#''2 +(%-'-#// :FEJKIL::@äE Ef% ) ;FJ GC8EK8J ;< ?FID@>FE 8ID8;F2 D)2 )',#*(2 (+.#''2 *'%(/'#,.2 KFK8C //%0/+#)' ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\$ m\j (+ [\ XYi`c [\c )'((# cXj (._'0%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q k\dgfiXc d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Ef% .-)$;G$;GG [\ () [\ XYi`c [\c )'((% 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj \jZi`kfj gi\j\ekX[fj%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cf dXe`]\jkX[f gfi \c j\Â&#x152;fi C`m\i @^eXZ`f M\cfq IXdÂ?e p ZfeZÂ&#x201E;[Xj\ gfi j\Zi\kXi`X# j\ekXe[f iXqÂ?e p i\Z`Yf \e Xlkfj cXj Zfg`Xj Z\ik`]`$ ZX[Xj jfc`Z`kX[Xj gfi \c ;I% <;N@E <EI@HL<Q%$ <e Xk\eZ`Â?e Xc \jZi`kf gi\j\ekX[f gfi cX gXik\ XZkfiX p X cX iXqÂ?e j\ekX[X gfi \c J\Zi\kXi`f# j\
j\Â&#x152;XcX gXiX \c [Â&#x2C6;X m`\ie\j )+ [\ ale`f [\c )'(( [\j[\ cXj (+_'' _XjkX cXj (/_'' `eZclj`m\2 X ]`e [\ hl\ k\e^X cl^Xi \e cX j\Zi\kXi`X [\ \jkX al[`$ ZXkliX \c I<D8K< [\c Y`\e `edl\$ Yc\ \dYXi^X[f ZlpXj [`d\ej`fe\j p [\d}j \jg\Z`]`ZXZ`fe\j ZfejkXe [\c `e]fid\ gi\j\ekX[f gfi \c j\Â&#x152;fi G\i`kf%$ GlYcÂ&#x2C6;hl\j\ \c \okiXZkf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# gifZÂ&#x201E;[Xj\ X cX ZfcfZXZ`Â?e [\ cfj ZXik\c\j i\jg\Zk`mfj# \e cfj cl^X$ i\j dXj ZfeZlii`[fj [\c GXcXZ`f [\ Aljk`Z`X [\ Hl`kf%$ Gfi kiXkXij\ [\c j\^le[f j\Â&#x152;XcXd`\ekf# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj \c Z`e$ Zl\ekX gfi Z`\ekf [\c mXcfi [\c XmXcÂ&#x2019;f giXZk`ZX[f%$ 8 ZX[X gfjkliX [\Y\i} XZfdgXÂ&#x152;Xij\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX # \e [`e\if \e \]\Z$ k`mf p&f Z_\hl\ Z\ik`]`ZX[f X fi[\e [\c Alq^X[f $EFK@=@HL<J<%$= ;I% :I@JKF98C FA<;8 D8IK@E<Q % AL<Q < Gfi kiXkXij\ [\c j\^le[f j\Â&#x152;XcX$ d`\ekf j\ i\Z`Y`i}e cXj gfjkliXj hl\ ZlYiXe Zfdf YXj\ \c Z`eZl\ekX gfi Z`\ekf [\c XmXclÂ? XgifYX[f# [\Y`Â&#x201E;e$ [fj\ XZfdgXÂ&#x152;Xi \c (' [\c mXcfi [\ cX f]\ikX \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\c Alq^X[f f \e [`e\if \e \]\Zk`mf% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j [\ C\p% 8Y^% Afi^\ D`\i 9liYXef J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0+/-&k] 8M@JF ;< I<D8K< ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 J< GFE< <E :FEF:@D@<EKF ;<C GL9C@:F <E ><E<I8C# HL< <C ;Ă 8 AL<M<J M<@EK< P KI<J ;< ALE@F ;<C ;FJ D@C FE:<# ;<J;< C8J :8KFI:< ?8JK8 C8J ;@<:@F:?F ?FI8J# <E C8 J<:I<K8I@8 ;< <JK< ALQ>8;F# J< CC<M8IĂ? 8 :89F <C I<D8K< ;<C J@>L@<EK< 9@<E @EDL<9C<1 AL@:@F% <A<:LK@MF Ef% (+'.$'/ D% >fi[Â?e :% L9@:8:@äE1 Gifm`eZ`X1 G`Z_`eZ_X :XekÂ?e1 Hl`kf ; ` j k i ` k f D\kifgfc`kXef GXiifhl`X1 :Xc[\iÂ?e Xek\i`fi GfdXjhl` J\Zkfi1 JXekX IfjX Ef% ;\ gi\[`f1 ,('00*/ :cXm\ :XkXjkiXc1 (+/(,$',$''. ;< C8 QFE8%$ <c cfk\ [\ k\ii\ef j\ _XccX \e leX [\efd`eX[X gfi cX 8[d`e`jkiXZ`Â?e Dle`Z`gXc ZXc[\iÂ?e Zfdf QFE8 LI98E82 \e \c }i\X [\ Zi\Z`d`\ekf liYXef [\ cX Z`l[X[ [\
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS
EXTRACTO CONSTITUCION DE LA COMPAĂ&#x2018;IA MORA VALLEJO Y COMPAĂ&#x2018;IA, CONSULTORES GERENCIALES & AUDITORES CIA. LTDA. La compaĂąĂa MORA VALLEJO Y COMPAĂ&#x2018;IA, CONSULTORES GERENCIALES & AUDITORES CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo SĂŠptimo del Distrito Metropolitano de Quito, el 07 de Abril de 2011, fue aprobada por la Superintendencia de CompaĂąĂas mediante ResoluciĂłn SC.IJ.DJC.Q.11.001916 de 02 de Mayo de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, Provincia de PICHINCHA 2.- CAPITAL: Suscrito US$ 400,00 NĂşmero de Participaciones 400 Valor US$1,00 3.- OBJETO.- El objeto de la compaĂąĂa es: A) PRESTAR SERVICIOS EN TODAS LAS ETAPAS DEL PROCESO CONTABLE... Quito, 02 de Mayo de 2011
Dr. Oswaldo Noboa LeĂłn
Dr. Oswaldo Noboa LeĂłn DIRECTOR JURIDICO DE COMPAĂ&#x2018;IAS
DIRECTOR JURIDICO DE COMPAĂ&#x2018;IAS A.C./82834
A.C./82836
Hl`kf# if[\X[f [\ YXii`fj c\^Xc`qX[fj Zfe Xj\ekXd`\ekfj [`jg\ijfj% C@E;<IFJ P JLG<I=@:@<% Efik\%$ :fe gifg`\[X[ [\ D\jÂ&#x2C6;Xj gl\YcX# Z\iZX [\ ZXYlpfj% Jli$ :fe gifg`\[X[ hl\ ]l\ [\ 8iZ\e`f DfekX# _fp [\c j\Â&#x152;fi 8c]fejf 8cZ`[\j 9l`kiÂ?e% <jk\1 Zfe ZXd`ef gÂ&#x2019;Yc`Zf F\jk\%$ Zfe ZXd`ef gÂ&#x2019;Yc`Zf% Jlg\i]`Z`\%$ ;@<Q D@C KI<J:@<EKFJ HL@E:< D<KIFJ :L8;I8;FJž ('#*(, d) cE=I8<JKIL:KLI8% <c cfk\ [\ k\ii\ef# k`\e\ [fj XZZ\jf [\ ]fidX `ed\[`XkX ZXcc\j % <c gi`$ d\if [\j[\ cX mÂ&#x2C6;X gi`eZ`gXc <jk\ f ]i\ek\ [\ cX gifg`\[X[# Zfejkil`[X jfYi\ \c jl\cf eXkliXc# Zfe le XeZ_f Xgifo`dX[f [\ (' d\kifj# p fkiX mÂ&#x2C6;X ef i\^lcXi`qX[X gfi cX gXik\ F\jk\ [\ cX gifg`\[X[# hl\ Yfi[\X kf[f \c c`e[\if% Ef Zl\ekX Zfe j\im`Z`fj [\ X^lX gfkXYc\# XcZXekXi`ccX[f# e` kiXejgfi$ k\ gÂ&#x2019;Yc`Zf% Jl Zfejfc`[XZ`Â?e \j [`jg\ijX p Â&#x2019;ck`$ dXd\ek\ j\ \eZl\ekiXe Xc^lefj YXii`fj Xci\[\[fi \e gifZ\jf [\ i\^lcXi`qXZ`Â?e p fkifj j\ \eZl\ekiXe i\^lcXi`qX[fj% <c kiXejgfik\ gÂ&#x2019;Yc`Zf ZfejkX [\ ZXd`fe\kXj [\ Xchl`c\i# hl\ jXc\e p cc\^Xe _XjkX cX `^c\j`X [\ JXe AlXe [\ :Xc[\iÂ?e hl\ j\ _XccX Xgifo`$ dX[Xd\ek\ X [fj b`cÂ?d\kifj [\ [`jkXeZ`X% :fe i\jg\Zkf X cX \e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX# cX gifg`\[X[ Zl\ekX Zfe j\im`Z`f [\ \e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX# \e jl `ek\i`fi% <e gXik\ [\ jl }i\X g\i`d\kiXc# \o`jk\ le Z\iiXd`\ekf [\c k`gf kXg`Xc# Zfe leX XckliX Xgifo`dX[X )#*' d p le XeZ_f [\ '#,' d \e Yl\e \jkX[f% ;<J:I@G:@äE KFGF>I8=@:8% <c cfk\ [\ k\ii\ef [\c XmXcÂ&#x2019;f# \j [\ ]fidX kiXg\qf`[Xc# gi\j\ekXe[f \e \c cX[f F\jk\# `ii\^lcXi`[X[ \e jl Zfekfief d\[`X cleX # Zl\ekX Zfe le Z\iiXd`\ekf [\ kXgÂ&#x2C6;Xc# \e jlj ki\j Yfi[\j% CX jlg\i]`Z`\ [\c jl\cf k`\e\ leX g\e$ [`\ek\ [\ Xgifo`dX[Xd\ek\ , \e j\ek`[f efik\ $ jli p leX g\e[`\ek\ [\ Xgifo`dX[Xd\ek\ (/ \e j\ek`[f Z\ekif $ _XZ`X \e Efi f\jk\ % 8ZklXcd\ek\ ef j\ \eZl\ekiXe iXj$ ^fj [\ j\dYiÂ&#x2C6;fj f Zlck`mfj% <c k\ii\ef kXdgfZf Zl\ekX Zfe ZfejkilZZ`fe\j f _XY`kXd`\ekf [\ g\ijfeXj f Zl`$ [X[fi\j% KXdgfZf \o`jk\e m\jk`^`fj [\ Xe`dX$ c\j f i\YXÂ&#x152;fj% :8I8:8K<IĂ JK@:8J ;<C JL<CF <c jl\cf \j [\ k`gf C`df$XiZ`ccfjf# [\ \jkiXkf jlg\i]`Z`Xc Zfejfc`[X[f# j`e m\jk`^`fj [\ \ifj`Â?e# p ZXgXZ`[X[ [\ [i\eXa\ Xckf% ;\ Zf\]`Z`\ek\ hX f ZXgXZ`[X[ gfikXek\ XckX# Xgkf gXiX i\j`jk`i \[`]`ZXZ`fe\j# f ]}Z`cd\ek\ X[XgkXYc\ X j\dYiÂ&#x2C6;fj [\ j`\iiX# [\ gi\]\i\eZ`X [\ Z`Zcf Zfikf% 8M8CèF ;<C 9@<E% GXiX [\k\id`eXi \c XmXcÂ&#x2019;f# j\ kfdÂ? \e Zfej`[\iXZ`Â?e mXi`fj Xjg\Zkfj# hl\ \e^cfYX[fj# [\k\id`eXe \c mXcfi i\Xc [\ d\iZX[f [\ le d\kif ZlX[iX[f [\ jl\cf% KXc\j Zfej`[\$ iXZ`fe\j jfe1 :fdgXiXZ`Â?e [\c mXcfi [\c jl\cf \e cXj Zffg\iXk`mXj [\ m`m`\e[X Xc\[XÂ&#x152;Xj% :ffg\iXk`mX [\ m`m`\e[X :fc`eXj [\c Jfc1 (+#'' LJ; d) # ZXkfiZ\ [Â?cXi\j \c d)# :ffg\iXk`mX [\ m`m`\e[X DX[i`^Xc )1 (+#'' LJ; d) # ZXkfiZ\ [Â?cX$ i\j \c d)# :ffg\iXk`mX [\ m`m`\e[X 8cYfiX[X [\ cX GXq1 ()#'' LJ; d) # ZXkfiZ\ [Â?cXi\j \c d)% KiXej\c\Zki`Z `e[\de`qXZ`Â?e gfi cX ZfcfZXZ`Â?e [\ kfii\j [\ XckX k\ej`Â?e p gXjf [\ i\[\j [\ XckX k\ej`Â?e X cXj qfeXj X]\ZkX[Xj [\c j\Zkfi \e \c XÂ&#x152;f )'(' ('#'' LJ; d) ;`\q [Â?cXi\j \c d)% Gfi cf hl\ j\ gi\jld\ hl\ \c d\kif ZlX[iX[f [\ k\ii\ef# dfk`mf [\c XmX$ cÂ&#x2019;f Zl\jkX ;F:< ;FC8I<J :8;8 D<KIF :L8;I8;F ()#'' D) 2 p# :fjkf [\ le d\kif c`e\Xc [\ Z\iiX$ d`\ekf [\ kXg`Xc1 :lXi\ekX [Â?cXi\j +'#'' LJ; % Gfi cf hl\ \c mXcfi [\c k\ii\ef XjZ`\e$ [\ X :@<EKF M<@EK< P KI<J D@C J<K<:@<EKFJ F:?<EK8 ;FC8I<J 8D<I@:8EFJ% <c mXcfi [\c Z\iiXd`\ekf XjZ`\e$ [\ X ;@<Q D@C :L8KIF:@<EKFJ ;FC8I<J 8D<I@:8EFJ% :FE:<GKF2 LE@;8;2 :8EK@;8;2 M% LEcK8I@F2 M% KFK8C Cfk\ [\ k\ii\ef2 d)2 ('*(,2 ()2 ()*%./'#'' :\iiXd`\ekf2 dc2 )-'2 +'2 ('%+''#'' KFK8C2 (*+%(/'#'' ;Xe[f Zfdf i\jlckX[f kfkXc# hl\ \c Zfjkf [\ cX gifg`\[X[ XjZ`\e[\ X :@<EKF KI<@EK8 P :L8KIF D@C :@<EKF F:?<EK8 ;FC8I<J 8D<I@:8EFJ% (*+%(/'#'' LJ;% <o`jk\e ]fkfj [\ J<:L<E:@8 =FKF>I8=@:8 M`jkX [\ Gfjk\ _fid`^Â?e <e\i^Â&#x2C6;X <cÂ&#x201E;Zki`ZX% M`jkX _XZ`X Jli :\iiXd`\ekf KXg`Xc M`jkX [\ gifg`\[X[\j m\Z`eXj% 8ZZ\jf m\_`ZlcXi X gifg`\[X[ [\ XmXcÂ&#x2019;f :\iiXd`\ekf [\ KXg`Xc Ă&#x2020; <e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX% :\iiXd`\ekf d`okf \e gXik\ Efik\ [\c cfk\ ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (, [\ dXiqf [\c )'((# cXj ((_()%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX `dgl^eXZ`Â?e p i\Z_Xqf jfc`Z`kX[Xj gfi cX ;\dXe[X[X%$ J\ e`\^X gfi `dgifZ\[\ek\ cf jfc`Z`kX[f \e \c eld\iXc )# \e Zfej\Zl\eZ`X j\ Xgil\YX \c `e]fid\ g\i`Z`Xc gi\j\e$
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ? kX[f p j\Â&#x152;}cXj\ gXiX \c [Â&#x2C6;X al\m\j m\`ek\ p ki\j [\ ale`f [\c [fj d`c feZ\# gXiX hl\ [\j[\ cXj ZXkfiZ\ _XjkX cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXiÂ&#x2C6;X [\ Â&#x201E;jk\ Alq^X[f# k\e^X cl^Xi \c i\dXk\ [\c Y`\e `edl\Yc\ XmXclX[f [\ekif [\ cX gi\j\ek\ ZXljX# gXiX cf ZlXc j\ _Xi}e cXj i\jg\Zk`mXj glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc hl\ j\ \[`kXe \e Â&#x201E;jk\ ;`jki`kf D\kifgfc`kXef [\ Hl`kf# d\[`Xe[f \eki\ glYc`ZXZ`Â?e p glYc`$ ZXZ`Â?e gfi cf d\efj \c kÂ&#x201E;id`ef [\ fZ_f [Â&#x2C6;Xj p [\ cX Â&#x2019;ck`dX [\ \ccX _XjkX \c [Â&#x2C6;X [\c i\dXk\%$ J\ ]`aXi}e cfj ZXi$ k\c\j \e cX ]fidX hl\ [`jgfe\ cX C\p# gXiX cX ]`aXZ`Â?e [\ cfj ZXik\c\j [fe[\ j\ \eZl\ekiX j`klX[f \c Y`\e \dYXi$ ^X[f [\ekif [\ cX gi\j\ek\ ZXljX# j\ :fd`j`feX Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX gXiifhl`X [\ JXe AlXe [\ :Xc[\iÂ?e# \c d`jdf hl\ [Xi} Zld$ gc`d`\ekf X cf [`jgl\jkf \e \c 8ik% +,- [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ Gfi kiXkXij\ [\c gi`d\i j\Â&#x152;X$ cXd`\ekf j\ i\Z`Y`i}e gfjkliXj hl\ ZlYiXe cXj [fj k\iZ\iXj gXik\j [\ [`Z_f XmXcÂ&#x2019;f# X kf[X gfjkliX j\ [\Y\$ i} XZfdgXÂ&#x152;Xi \c [`\q gfi Z`\ekf [\c mXcfi f]i\Z`[f \e [`e\if \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\c Alq^X[f%$ EFK@=@HL<J<% ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0)*)&k]
JF:@<;8;<J :@M@C<J ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C J< GFE< <E :FEF:@D@<EKF ;<C GL9C@:F <E ><E<I8C HL< J< M8 8 GIF:<;<I 8 8GIF98I C8 <J:I@KLI8 GL9C@:8 ;< :FEJK@KL:@FE ;< C8 JF:@<;8; :@M@C P :FD<I:@8C <:L8:FDGI8 JF:@<;8; :@M@C# FKFI>8;8 8EK< <C EFK8I@F M@><J@DF J<OKF ;<C :8EKFE HL@KF# ;I% ?FD<IF CFG<Q F98E;F% (%$ 8:KFI<J1 <;N@E <=I<E 98HL<IF :FIFE<C p <;N@E <=I<E 98HL<IF 8E;I8;< )%$ F9A<KF1 8GIF98:@FE ;< C8 <J:I@KLI8 GL9C@:8 ;< :FEJK@KL:@FE ;< C8 JF:@<;8; :@M@C P :FD<I:@8C ;<EFD@E8;8 <:L8:FDGI8 JF:@<;8; :@M@C *%$ :L8EK@81 LJ; (%'''#ff +%$ =<:?8 ;< FKFI>8D@<EKF *' ;< D8IQF ;<C )%'((% ,%$EFK8I@F ;I% ?FD<IF CFG<Q F98E;F# EFK8I@F M@><J@DF J<OKF ;<C :8EKFE HL@KF -%$ AL@:@F Ef% '++/$)'((%DJ .%$ GIFM@;<E:@8 ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# al\m\j )( [\ XYi`c [\c )'((% CXj (-_(.%$ M@JKFJ% 8mfZf ZfefZ`d`\e$ kf [\ cX gi\j\ek\ ZXljX# \e m`ikl[ [\c jfik\f i\Xc`qX[f% CX g\k`Z`Â?e hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hlj`kfj [\ c\p# \e Zfej\$ Zl\eZ`X# glYcÂ&#x2C6;hl\j\ cX Zfejk`klZ`Â?e [\ cX JfZ`\[X[ :`m`c [\efd`eX[X Ă&#x2C6;<:L8:FDGI8 JF:@<;8; :@M@CĂ&#x2030;# hl\ j\ XZfdgXÂ&#x152;X# le \okiXZkf [\ cX g\k`Z`Â?e p \jkX gifm`[\eZ`X \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf# gfi leX jfcX m\q%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X%$ ?\Z_f hl\ j\X# gXj\e cfj Xlkfj gXiX i\jfcm\i%$ EFK@=@HL<J<%$ = ;I8% DFE@:8 =CFI G8QD@zF%$ AL<Q8% Cf hl\ Zfdle`Zf Xc gÂ&#x2019;Yc`Zf gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j%$ 8Y% DXi`f CXjjf Fik\^X J<:I<K8I@F ;<C ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%I%&/)/*.
J<E8>L8 I% [\c <% :@K8:cFE 8 CFJ J<zFI<J LJL8I@FJ :FEF:@;FJ F EF ;< C8J 8>L8J GIFM<E@<EK<J ;< LE 8=CFI8D@<EKF HL< E8:< <E C8 G8IK< @E=<I@FI <E C8 Q8EA8 ;<C :8D@EF GL9C@:F C8;F @QHL@<I;F :FE ;@I<::@äE 8 C8 ?8:@<E;8 LD9I@8# <E LE :8L;8C ;< )#, C&J G8IIFHL@8 8CF8Jà # :8EKäE D<Aà 8# G I FM @ E : @ 8 ; < G@:?@E:?8% <OKI8:KF 8:KFI1 9\e`kf DXel\c AXiXd`ccf DfjZfjf# IfeXc[ Fn\e Ni`k_ ;liXe 9Xcc\e p �cmXif =iXeZ`jZf JXeg\i Hl\m\[f ;< C8 JFC@:@KL;1 :feZ\j`�e [\c [\i\Z_f [\ Xgifm\Z_Xd`\ekf [\ cXj X^lXj gXiX Zfejldf _ldXef# XZk`m`$ [X[\j ]`kfjXe`kXi`Xj p I`\^f% ;\ekif [\c Ki}d`k\ Ef% *0/-$((
Ä&#x2020;
:j% j\ _X [`ZkX[f cX j`^l`\ek\ gif$ m`[\eZ`X1 J<:I<K8I@8 E8:@FE8C ;<C 8>L8%$ ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J QFE8C HL@KF%$ Ki}d`k\ Ef# *0/-$(( :j% GDG ;D Hl`kf# )+ [\ ]\Yi\if [\c )'((# X cXj ((_('%$ 8mfZf ZfefZ`d`\ekf [\c gi\$ j\ek\ ki}d`k\ \e m`ikl[ [\ _XY\i j`[f efdYiX[f :ffi[`eX[fi I\^`feXc <eZXi^X[f [\ cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj# d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Ef% (-'.'' [\ (/ [\ \e\if [\c )'((%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+- \og\[`[f \c (* [\ efm`\d$ Yi\ [\ )''0# j\ Zi\X cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+/ [\ + [\ [`Z`\dYi\ [\@ )''0# j\ \og`[\ \c <jkXklkf Fi^}e`Zf [\ >\jk`Â?e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXiÂ&#x2C6;X EXZ`feXc [\c 8^lX Ă&#x2021; J<E8>L8% <e cf gi`eZ`gXc1 <e cf gi`eZ`gXc1 CX jfc`Z`kl[ [\ ZfeZ\j`Â?e gi\j\ekX[X gfi \c 9\e`kf DXel\c AXiXd`ccf DfjZfjf# gfi jl gifg`fj [\i\Z_fj p f]i\Z`\e[f gf[\i p iXk`]`ZXZ`Â?e# [\ cfj j\Â&#x152;fi\j IfeXc[ Fn\e Ni`k_ ;liXe 9Xcc\e p Ă?cmXif =iXeZ`jZf JXeg\i Hl\m\[f# \e ZXc`$ [X[ [\ gifg`\kXi`fj [\ cX _XZ`\e[X LdYiÂ&#x2C6;X# hl`\e\j d\[`Xek\ \jZi`kliX [\ ZfdgiXm\ekX Z\c\YiX[X \c , [\ X^fjkf [\ (00*# Xek\ \c j\Â&#x152;fi EfkXi`f ;Â&#x201E;Z`df J\okf [\c :XekÂ?e Hl`kf# Zfe cX g\ik`e\ek\ Xlkfi`qXZ`Â?e [\ [`m`j`Â?e Zfe]\i`[X gfi \c @ejk`klkf <ZlXkfi`Xef [\ i\]fidX 8^iXi`X p :fcfe`qXZ`Â?e# d\[`Xek\ F]`Z`f Ef% '',/,' [\c )0 [\ XYi`c [\ (00*# X[`Z`feXcd\ek\ d\[`Xek\ \jZi`kliX [\ ZfdgiXm\ekX \ _`gfk\ZX XY`\ikX# Z\c\YiX[X Xek\ \c EfkXi`f K\iZ\if [\c :XekÂ?e Hl`kf# cX j\Â&#x152;fiX :Xk_\i`e\ Ni`^k_ :Xjkif# \e cX ZXc`[X[ [\ 8gf[\iX[X >\e\iXc [\ cfj ZÂ?epl^\j =i\[[p Ni`^k_ :Xjkif p DXiÂ&#x2C6;X AfjÂ&#x201E; I\[[`Zb Ni`^k_# [f \e m\ekX p g\ig\klX \eXa\eXZ`Â?e X ]Xmfi [\ cfj ZÂ?epl^\j 9\e`kf DXel\c AXiXd`ccf DfjZfjf p DXiÂ&#x2C6;X AfjÂ&#x201E; JXdg\i :XdglqXef# \c cfk\ [\ k\ii\ef Ef% + [\ -(#*- _\Zk}i\Xj# [\c gi\[`f lY`ZX[f \e cX gXiifhl`X [\ 8YXjÂ&#x2C6;# :XekÂ?e D\aÂ&#x2C6;X# gifm`eZ`X [\ G`Z_`eZ_X# `edl\Yc\ hl\ XZklXcd\e$ k\ j\ [\efd`eX LeYiÂ&#x2C6;X# \e \c `ek\i`fi [\ [`Z_f `edl\Yc\ YifkX leX g\hl\$ Â&#x152;X m\ik`\ek\ [\ Xgifo`dX[Xd\ek\ k`\e\ le ZXl[Xc [\ )%, c&j j`\e[f \c [\j\f [\ lk`c`qXi \c X^lX \e cfj cfk\j [\efd`eX[fj1 JXekX :XkXc`eX (# )# * p +2 :Xid\cf (# )# * p +2 p# ZXjX [\ _XZ`\e[X# Zfe \c ]`e [\ jfclZ`feXi \c [Â&#x201E;]`Z`k p lk`c`qXicX gXiX Zfejldf _ldXef# XYi\mX[\if p i`\^f [\ cX ?XZ`\e[X LdYiÂ&#x2C6;X# gi\[`f p m\ik`\ek\ hl\ j\ \eZl\ekiX \e cX ali`j[`ZZ`Â?e [\ 8cfXjÂ&#x2C6;# ZXekÂ?e D\aÂ&#x2C6;X# gifm`eZ`X [\ G`Z_`eZ_X% :fe \jkfj Xek\Z\[\e$ k\j \e XdgXif X cf [`jgl\jkf \e cfj 8ikj% .# ()# (+# )* c`k\iXc Y p Z # )+ c`k\iXc X # *,# *-# /)# /, p /- [\ cX :f[`]`ZXZ`Â?e X cX C\p [\ 8^lXj m`^\ek\# j\ jfcÂ&#x2C6;Z`kX cX ZfeZ\j`Â?e# gfi cf \ogl\jkf \jkX 8lkfi`[X[ XZf^\ cX jfc`Z`kl[ gcXek\X[X gfi \c j\Â&#x152;fi 9\e`kf DXel\c AXiXd`ccf DfjZfjf# gfi j\i ZcXiX p i\le`i cfj i\hl`j`kfj \jkXYc\Z`[fj \e cX C\p# gfi cf hl\ \e Xg\^f X cf [`jgl\jkf \e \c `eZ`jf X [\c XikÂ&#x2C6;Zlcf /. [\ cX :f[`]`ZXZ`Â?e X cX C\p [\ 8^lXj# j\ [`jgfe\ j\ ]`a\ ZXik\c\j \e ki\j cl^Xi\j d}j ]i\Zl\e$ kX[fj [\ cX gXiifhl`X 8cfXjÂ&#x2C6;# ZXekÂ?e D\aÂ&#x2C6;X# Gifm`eZ`X [\ G`Z_`eZ_X# gXiX \c Zldgc`d`\ekf [\ cf Xek\j \ogi\jX[f j\ i\d`k`i} Xk\ekX Zfd`j`Â?e c`YiX[X X cfj j\Â&#x152;fi\j K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX ali`j[`ZZ`Â?e Xek\j j\Â&#x152;XcX[X# [\ `^lXc dXe\iX gfi dXe[Xkf [\ X C\p# \ekiÂ&#x201E;$ ^l\j\ X cX gXik\ 8ZkfiX le \okiXZkf Zfe \c fYa\kf [\ hl\ j\ glYc`hl\ gfi ki\j fZXj`fe\j d\[`Xe[f \eki\ cX leX p cX fkiX le dÂ&#x2C6;e`df [\ fZ_f [Â&#x2C6;Xj# glYc`ZXZ`fe\j hl\ j\ cf [\Y\$ i} _XZ\i \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[# [\ ef \o`jk`i j\ f i\Xc`qXiX \e le g\i`Â?[`Zf [\ Z`iZlcXZ`Â?e eXZ`feXc <c K\cÂ&#x201E;^iX]f# CX ?fiX# Lck`dXj Efk`Z`Xj# <c :fd\iZ`f f \c ?fp % Cfj X[d`e`jkiX[fj \e \c kÂ&#x201E;id`ef .) _fiXj i\k`iXi}e [\ \jkX ;\g\e[\eZ`X kXekf cXj Zfd`j`fe\j c`YiX[Xj gXiX cX ]`aX$ Z`Â?e [\ ZXik\c\j p \c \okiXZkf gXiX jl glYc`ZXZ`Â?e \e cX gi\ejX% Cfj j\Â&#x152;fi\j IfeXc[ Fn\e Ni`k_ ;liXe 9Xcc\e p 8cmXif =iXeZ`jZf JXeg\i Hl\m\[f# \e \c kÂ&#x201E;id`ef [\ +/ _fiXj# [\Y\i}e aljk`]`ZXi [fZld\ekX[Xd\ek\ cX ZXc`$ [X[ \e hl\ ZfdgXi\Z\e% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef% (-, p cX Xlkfi`qXZ`Â?e \eki\^X[X X jl XYf$ ^X[f gXkifZ`eX[fi% ;\ Zfe]fid`[X[ Zfe \c d\dfiXe[f Ef% :>8A%+$'.(+ [\c )- [\ FZklYi\ [\c )'('# XZklÂ&#x201E; \c ;i% GXki`Z`f Dfek\e\^if GX[`ccX Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\$ j\ek\ ki}d`k\%$ EFK@=@HL<J< ] @e^% Afi^\ ?ldY\ikf [\c Gfqf J}eZ_\q# :FFI;@E8;FI I<>@FE8C ;< C8 ;<D8I:8:@FE ?c;IF>I8=@:8 ;< <JD<I8C;8J < % Cf hl\ Zfdle`Zf X Ljk\[ gXiX cfj ]`e\j [\ C\p% :<IK@=@:F% ;i% GXki`Z`f Dfek\e\^if GX[`ccX J<:I<K8I@F 8;$?F: ?Xp ]`idX p j\ccf 8:&.0*//&k]
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä&#x2021;
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ?
J<:I<K8I@8 E8:@FE8C ;<C 8>L8
I% [\c <% :@K8:@FE 8 CFJ J<zFI<J LJL8I@FJ :FEF:@;FJ F EF ;< C8J 8>L8J GIFM<E@<EK<J ;< C8 M<IK@<EK< @EEFD@E8;8 HL< E8:< <E CFJ GI<;@FJ ;< GIFG@<;8; ;< CFJ J<zFI AL8E =<IE8E;F GyI<Q 8IK<K8 P JLJ8E8 >8E>FK<E8 >L8I;<I8J# <E LE :8L;8C ;< / C&J @EDL<9C< P 8>L8J HL< J< <E:L<EKI8E <E C8 G8IIFHL@8 D8:?8:?@# :8EKäE D@AĂ 8# GIFM@E:@8 ;< G@:?@E:?8 <OKI8:KF 8:KFI1 AL8E =<IE8E;F GyI<Q 8IK<K8 P JLJ8E8 >8E>FK<E8 >L8I;<I8J% F9A<KF ;< C8 JFC@:@KL;1 :feZ\j`Â?e [\c [\i\Z_f [\ Xgifm\$ Z_Xd`\ekf [\ cXj X^lXj gXiX ljf [fdÂ&#x201E;jk`Zf# XYi\mX[\if p i`\^f% ;\ekif [\c Ki}d`k\ Ef% *0/+$(( :j%# j\ _X [`ZkX[f cX j`^l`\ek\ gif$ m`[\eZ`X1 J<:I<K8I@8 E8:@FE8C ;<C 8>L8% ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J QFE8C HL@KF Ki}d`k\ Ef% *0/+$(( :j% GDG ;D Hl`kf# (0 [\ XYi`c [\ )'((# X cXj '0_''%$ 8mfZf ZfefZ`d`\ekf [\c gi\j\ek\ ki}d`k\ \e m`ikl[ [\ _XY\i j`[f efdYiX[f :ffi[`eX[fi I\^`feXc <eZXi^X[f [\ cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj# d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Ef% (-'.'' [\ (/ [\ \e\if [\c )'((%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+- \og\[`[f \c (* [\ efm`\dYi\ [\ )''0# j\ Zi\X cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+/ [\ + [\ [`Z`\dYi\ [\c )''0# j\ \og`$ [\ \c <jkXklkf Fi^}e`Zf [\ >\jk`Â?e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXiÂ&#x2C6;X EXZ`feXc [\c 8^lX Ă&#x2021; J<E8>L8% <e cf gi`eZ`gXc1 CX jfc`Z`kl[ [\ :feZ\j`Â?e gi\j\ekX$ [f gfi cfj j\Â&#x152;fi\j AlXe =\ieXe[f GÂ&#x201E;i\q 8ik\kX p JljXeX >Xe^fk\eX >lXi[\iXj# hl`\e\j d\[`Xek\ \jZi`$ kliX [\ gXik`Z`Â?e p X[al[`ZXZ`Â?e [\ ), [\ dXpf [\c (00)# \e \c ZXgÂ&#x2C6;klcf @@ [\ cX i\]\i`[X \jZi`kliX j\ X[al[`ZX \c ]le[f [\efd`eX[f% <c Gfim\e`i# \e \c c`k\iXc Y j\ X[al[`ZX X cX j\Â&#x152;fiX JljXeX >Xe^fk\ [\ GÂ&#x201E;i\q \c jlYcfk\ Ef% ) [\c cfk\ Ă&#x2C6;8ckfĂ&#x2030; [\c gi\[`f \c gfim\e`i# [\ leX jlg\i]`Z`\ Xgifo`$ dX[X [\ ))(#) _\Zk}i\Xj# hl\ j\ \eZl\ekiX lY`ZX[X \e cX gXiifhl`X DXZ_XZ_`# :XekÂ?e D\aÂ&#x2C6;X# gifm`eZ`X [\ G`Z_`eZ_X% <e \c `ek\i`fi [\c gi\[`f [\efd`eX[f Ă&#x2C6;<c Gfim\e`iĂ&#x2030; \o`jk\e [fj m\ik`\ek\j `eefd`eX[Xj hl\ j\i$ m`i} gXiX i\^Xi gXjk`qXc\j [\c jlYcfk\ [\efd`eX[f AXkÂ&#x2019;e Kfif hl\ \j gXik\ [\c gi\[`f [\jZi`kf Xek\i`fid\ek\# XjÂ&#x2C6; Zfdf X^lX gXiX XYi\mX[\if [\ .' ZXY\qXj [\ ^XeX[f fm`ef p gXiX Zfejldf _ldXef [\ (' g\ijfeXj# gXiX cf ZlXc j\ jfc`Z`kX le ZXl[Xc [\ /#'' c&j# gfi kiXkXij\ [\ X^lXj hl\ eXZ\e \e \c d`jdf gi\[`f ef \j `e[`jg\ejXYc\ [\c \jkXYc\Z`d`\e$ kf [\ j\im`[ldYi\j% Gfi cf hl\ \e Xg\^f X [`jgl\jkf \e \c 8ik% .# ()# -+# /(# /)# /- p /. [\ cX C\p [\ 8^lXj p jl I\^cXd\ekf >\e\iXc% Gfi cf \ogl\jkf \jkX 8lkfi`[X[ XZf^\ cX jfc`Z`kl[ gcXek\X[X gfi cfj j\Â&#x152;fi\j AlXe =\ieXe[f GÂ&#x201E;i\q 8ik\kX p JljXeX >Xe^fk\eX >lXi[\iXj# gfi j\i ZcXiX p i\le`i cfj i\hl`j`kfj hl\ [\k\id`eX cX c\p# j\ cX ZXc`]`ZX X ki}d`k\ gXiX cf ZlXc \jkX 8lkfi`[X[ [`jgfe\1 (%$ :Â&#x2019;dgcXj\ cf [`jgl\jkf \e \c c`k\iXc X [\c 8ik% /. [\ cX C\p [\ 8^lXj# gfi cf hl\ ]Â&#x2C6;a\j\ ZXik\c\j \e ki\j [\ cfj cl^Xi\j d}j ]i\Zl\ekX[fj [\ cX gXiifhl`X DXZ_XZ_`# ZXekÂ?e D\aÂ&#x2C6;X# gifm`eZ`X [\ G`Z_`eZ_X# gXiX \c Zld$ gc`d`\ekf [\ cf Xek\j \ogi\jX[f j\ i\d`k`i} Xk\ekX Zfd`j`Â?e c`YiX[X Xc j\Â&#x152;fi A\]\ GfcÂ&#x2C6;k`Zf [\ cX ali`j[`ZZ`Â?e Xek\j j\Â&#x152;XcX[X% )%$ ;\ `^lXc dXe\iX gfi dXe[Xkf [\ cX C\p# \ekiÂ&#x201E;^l\j\ X cX gXik\ 8ZkfiX le \okiXZkf Zfe \c fYa\kf [\ hl\ j\ glYc`hl\ gfi ki\j fZXj`fe\j d\[`Xe[f \eki\ cX leX p cX fkiX le dÂ&#x2C6;e`df [\ fZ_f [Â&#x2C6;Xj# glYc`ZXZ`fe\j hl\ j\ cf [\Y\i} _XZ\i \e \c G\i`Â?[`Zf K\cÂ&#x201E;^iX]f# CX ?fiX# Lck`dXj Efk`Z`Xj# :fd\iZ`f# ?fp# \kZ % *% Cfj X[d`e`jkiX[fj \e \c kÂ&#x201E;id`ef .) _fiXj i\k`iXi}e [\ \jkX ;\g\e[\eZ`X kXekf cX Zfd`j`Â?e c`YiX[X gXiX cX ]`aXZ`Â?e [\ ZXik\c\j# XjÂ&#x2C6; Zfdf \c \okiXZkf gXiX jl glYc`$ ZXZ`Â?e \e cX gi\ejX% 8^iÂ&#x201E;^l\j\ kXdY`Â&#x201E;e cX [fZld\ekXZ`Â?e ZfejkXe$ k\ \e *) ]faXj# kÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef% )+++ p cX Xlkfi`qXZ`Â?e \eki\^X[X X jl 8Yf^X[f GXkifZ`eX[fi% ;\ Zfe]fid`[X[ Zfe \c d\dfiXe[f Ef% :>8A%+$'.(+ [\c )- [\ FZklYi\ [\c )'('# XZklÂ&#x201E; \c ;i% GXki`Z`f Dfek\e\^if GX[`ccX Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\$ j\ek\ ki}d`k\%$ EFK@=@HL<J< ] ce^% Afi^\ ?ldY\ikf [\c Gfqf J}eZ_\q# :FFI;@E8;FI I<>@FE8C ;< C8 ;<D8I:8:@FE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J < % Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p%$ :<IK@=@:F% ;i% GXki`Z`f Dfek\e\^if GX[`ccX J<:I<K8I@F 8;$?F: ?Xp ]`idX p j\ccf
8:&.0*/0&k] J<:I<K8I@8 ;<C 8>L8 J<:I<K8IĂ 8 E8:@FE8C ;<C 8>L8 J<E8>L8 ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J QFE8C HL@KF :@K8:@äE 8 CFJ LJL8I@FJ :FEF:@;FJ F EF ;< C8J 8>L8J# JL9K<IIĂ?E<8J# GIFM<E@<EK<J ;<C G FQF G I F = L E ; F# G<I=FI8;F <E <C @EK<I@FI ;< C8 GIFG@<;8; ;<C JFC@:@K8EK<# G8I8 LJF ;FDyJK@:F P I@<>F# <E <C :8L;8C )#,' C&J# L9@:8;F <E C8 G8IIFHL@8 8CF8># :8EKäE D<AĂ 8# GIFM@E:@8 ;< G@:?@E:?8% <OKI8:KF 8:KFI1 DXli`Z`f OXm`\i DfekXcmf M}jZfe\q# \e ZXc`[X[ [\ >\i\ek\ >\e\iXc [\ cX :fdgXÂ&#x152;Â&#x2C6;X 8CF8>G8IB J%8% F9A<KF ;< C8 JFC@:@KL;1 :feZ\j`Â?e [\c [\i\Z_f [\ Xgif$ m\Z_Xd`\ekf [\ X^lXj# gXiX ljf [fdÂ&#x201E;jk`Zf p i`\^f% ;\ekif [\c ki}d`k\ EÂ&#x2014; *00.$(( :j J\ _X [`ZkX[f cX j`^l`\ek\ gifm`[\eZ`X1 J<:I<K8I@8 E8:@FE8C ;<C 8>L8# ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J% QfeXc Hl`kf%$ GifZ\jf EÂ&#x2014; *00.$(( :j%$ Hl`kf# )( [\ dXiqf [\c )'((% CXj ((?*'%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\c gi\j\ek\ ki}d`k\ \e m`ikl[ [\ _XY\i j`[f efdYiX[f :ffi[`eX[fiX I\^`feXc [\ cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj < # d\[`Xek\ XZZ`Â?e [\ g\ijfeXc EÂ&#x2014;% '),('.' [\ (/ [\ dXiqf [\c )'((%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc EÂ&#x2014;% )''0$+- \og\[`[f \c (* [\ efm`\dYi\ [\ )''0# j\ Zi\X cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc EÂ&#x2014; )''0$+/ [\ + [\ [`Z`\dYi\ [\c )''0# j\ \og`$ [\ \c <jkXklkf Fi^}e`Zf [\ >\jk`Â?e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXiÂ&#x2C6;X EXZ`feXc [\c 8^lX $ J<E8>L8%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc EÂ&#x2014;% )'('$-- [\ )' [\ \e\if [\c )'('# j\ \jkXYc\Z\ p [\c`d`kX cXj el\m\ [\dXiZXZ`fe\j _`[if^i}]`ZXj p jlj i\jg\Zk`mXj qfeXc\j%$ <e cf gi`eZ`gXc1 CX jfc`$ Z`kl[ [\ ZfeZ\j`Â?e [\c [\i\Z_f [\ Xgifm\Z_Xd`\ekf [\ cXj X^lXj jlYk\ii}e\Xj# gifm\e`\ek\j [\c gfqf gif]le[f g\i]fiX[f \e \c `ek\i`fi [\ cX gifg`\[X[ [\c jfc`Z`kXek\# lY`ZX[f \e cX gXiifhl`X 8cfX^# ZXekÂ?e D\aÂ&#x2C6;X# gifm`eZ`X [\ G`Z_`eZ_X# gi\j\e$ kX[X gfi \c j\Â&#x152;fi DXli`Z`f OXm`\i DfekXcmf M}jZfe\q# \e ZXc`[X[ [\ >\i\ek\ >\e\iXc [\ cX :fdgXÂ&#x152;Â&#x2C6;X 8CF8>G8IB J%8%# gXiX ljf [fdÂ&#x201E;j$ k`Zf p i`\^f# \e \c ZXl[Xc )#,' c&j2 \j ZcXiX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX gXiX jl ki}d`k\% 8k\e[`\e[f cf jfc`Z`kX[f p [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /. [\ cX C\p [\ 8^lXj# ZÂ&#x2C6;k\j\ X cfj ljlXi`fj ZfefZ`[fj f ef# [\ cXj X^lXj jlYk\ii}e\Xj# gifm\e`\ek\j [\c gfqf gif]le[f# g\i]fiX[f \e \c `ek\i`fi [\ cX gifg`\[X[ [\c jfc`Z`kXek\# lY`ZX[f \e cX gXiifhl`X 8cfX^# ZXekÂ?e D\aÂ&#x2C6;X# gifm`eZ`X [\ G`Z_`eZ_X% J\ glYc`ZX$ i} le \okiXZkf [\ cX jfc`Z`kl[ p \jkX gifm`[\eZ`X \e lef [\ cfj ;`Xi`fj1 <c :fd\iZ`f# èck`dXj Efk`Z`Xj# ?fp# cX ?fiX f <c K\cÂ&#x201E;^iX]f [\ Z`iZlcXZ`Â?e eXZ`feXc# gfi ki\j m\Z\j# d\[`Xe[f leX [\ cX fkiX \c gcXqf [\ fZ_f [Â&#x2C6;Xj% =Â&#x2C6;a\ej\ ZXik\c\j [liXek\ ki\`ekX [Â&#x2C6;Xj# \e ki\j cl^Xi\j d}j ]i\Zl\ekX[fj [\ cX gXiifhl`X 8cfX^# d\[`Xek\ Zfd`$ j`Â?e c`YiX[X Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX `e[`ZX[X gXiifhl`X%$ <c X[d`e`j$ kiX[f gi\j\ek\ cX Zfg`X [\ cX i\jfcl$ Z`Â?e [\ ]\Z_X )0 [\ fZklYi\ [\c )'('# \e \c hl\ Xlkfi`qX cX G\i]fiXZ`Â?e [\ Gfqf# gXiX cX gi\j\ekXZ`Â?e [\c [fZl$ d\ekf jfc`Z`kX[f j\ c\ ZfeZ\[\ \c kÂ&#x201E;id`ef [\ Z`eZf [Â&#x2C6;Xj% 8^iÂ&#x201E;^l\j\ X \og\[`\ek\j cfj [fZld\ekfj ZfejkXek\j X +/ ]faXj% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Ef% ),.' p cX Xlkfi`qXZ`Â?e \eki\^X[X X jl 8Yf^X[X GXkifZ`eX[fiX% ;\ Zfe]fid`[X[ Zfe \c d\dfiXe[f Ef% :>8A%+$'.(+ [\c )- [\ fZklYi\ [\ )'('# XZkÂ&#x2019;\ Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\j\ek\ gifZ\jf \c ;i% DXel\c Plhl`c\dX Dlccf%$ EFK@=Ă HL<J<Âż% ] @e^% >`jj\cX Jl}i\q GXi\[\j :FFI;@E8;FI8 I<>@FE8C ;< C8 ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J < Ă&#x2020; J<:I<K8IĂ 8 E8:@FE8C ;<C 8>L8% Cf hl\ Zfdl$ e`Zf gXiX cfj ]`e\j c\^Xc\j g\ik`e\e$ k\j%$ :\ik`]`Zf% ;i% DXel\c Plhl`c\dX Dlccf J<:I<K8I@F 8;$?F: ;< C8 ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J ;< C8 J<:I<K8IĂ 8 E8:@FE8C ;<C 8>L8 J<E8>L8 % ?Xp le j\ccf 8I&/)+0/&ZZ J<E8>L8 :@K8:@äE 8 CFJ LJL8I@FJ :FEF:@;FJ F EF ;< C8J 8>L8J# GIFM<E@<EK<J ;< C8J KI<J M<IK@<EK<J ;< C8 G8IK<
Ĺ?
8CK8 P ;FJ M<IK@<EK<J ;< C8 G8IK< 98A8# ;<EFD@E8;FJ C8 GC8P8 ;< J8E AFJy# G8I8 LJF ;FDyJK@:F# 89I<M8;<IF# I@<>F P G@J:@:LCKLI8# <E <C :8L;8C ;<K<ID@E8;F GFI <C G<I@KF# L9@:8;F <E C8 :FDLE@;8; :?@D9LICF# G8IIFHL@8 KF:8:?@# :8EKäE G<;IF DF:8PF# GIFM@E:@8 ;< G@:?@E:?8% <OKI8:KF 8:KFI1 J\^le[f <jk\YXe <jg`efqX :lqZf F9A<KF ;< C8 JFC@:@KL;1 :feZ\j`Â?e [\c [\i\Z_f [\ Xgif$ m\Z_Xd`\ekf [\ X^lXj# gXiX ljf [fdÂ&#x201E;jk`Zf# XYi\mX[\if# i`\^f p g`jZ`ZlckliX% ;\ekif [\c ki}d`k\ Ef +''/$(( :j J\ _X [`ZkX[f cX j`^l`\ek\ gifm`[\eZ`X1 J<:I<K8I@8 E8:@FE8C ;<C 8>L8# ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J% QfeXc Hl`kf%$ GifZ\jf Ef +''/$(( :j%$ Hl`kf# () [\ XYi`c [\c )'((%$ CXj ((?*'%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\c gi\j\ek\ ki}d`k\ \e m`ikl[ [\ _XY\i j`[f efdYiX[f :ffi[`eX[fi I\^`feXc [\ cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj < # d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Ef% (-'.'' [\ (. [\ \e\if [\c )'((%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )''0$+- \og\[`[f \c (* [\ efm`\dYi\ [\ )''0# j\ Zi\X cX ;\dXiZXZ`Â?e ?`[if^i}]`ZX [\ <jd\iXc[Xj%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef )''0$+/ [\ + [\ [`Z`\dYi\ [\c )''0# j\ \og`$ [\ \c <jkXklkf Fi^}e`Zf [\ >\jk`Â?e Fi^Xe`qXZ`feXc gfi GifZ\jfj [\ cX J\Zi\kXiÂ&#x2C6;X EXZ`feXc [\c 8^lX Ă&#x2020; J<E8>L8%$ Hl\ d\[`Xek\ 8Zl\i[f D`e`jk\i`Xc Ef% )'('$-- [\ )' [\ \e\if [\c )'('# j\ \jkXYc\Z\ p [\c`d`kX cXj el\m\ [\dXiZXZ`fe\j _`[if^i}]`ZXj p jlj i\jg\Zk`mXj qfeX$ c\j%$ <e cf gi`eZ`gXc1 CX jfc`Z`kl[ [\ ZfeZ\j`Â?e [\c [\i\Z_f [\ Xgifm\Z_X$ d`\ekf [\ cXj X^lXj# gifm\e`\ek\j [\ cX hl\YiX[X :_`dYlicf# [\ cXj ki\j m\ik`\ek\j [\ cX gXik\ XckX p [fj m\ik`\ek\j [\ cX gXik\ YXaX# [\efd`$ eX[fj CX GcXpX [\ JXe AfjÂ&#x201E;# \e \c ZXl[Xc [\k\id`eX[f gfi \c g\i`kf# gXiX ljf [fdÂ&#x201E;jk`Zf# XYi\mX[\if# i`\^f p g`jZ`ZlckliX# lY`ZX[f \e cX Zfdle`[X[ :_`dYlicf# gXiifhl`X KfZXZ_`# ZXekÂ?e G\[if DfeZXpf# gifm`eZ`X [\ G`Z_`eZ_X# gi\j\ekX[X \e \jkX ;\dXiZXZ`Â?e gfi \c j\Â&#x152;fi J\^le[f <jk\YXe <jg`efqX :lqZf2 \j ZcXiX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX gXiX jl ki}d`k\%$ 8k\e[`\e[f cf jfc`Z`kX[f p [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /. [\ cX C\p [\ 8^lXj# ZÂ&#x2C6;k\j\ X cfj ljlXi`fj ZfefZ`[fj f ef# [\ cXj X^lXj# gifm\e`\ek\j [\ cX hl\YiX[X :_`dYlicf# [\ cXj ki\j m\ik`\ek\j [\ cX gXik\ XckX p [fj m\ik`\ek\j [\ cX gXik\ YXaX# [\efd`eX[fj CX GcXpX [\ JXe AfjÂ&#x201E;# lY`ZX[f \e cX Zfdle`$ [X[ :_`dYlicf# gXiifhl`X KfZXZ_`# ZXekÂ?e G\[if DfeZXpf# gifm`eZ`X [\ G`Z_`eZ_X% J\ glYc`ZXi} le \okiXZkf [\ cX jfc`Z`kl[ p \jkX gifm`[\eZ`X \e lef [\ cfj ;`Xi`fj1 <c :fd\iZ`f# èck`dXj Efk`Z`Xj# ?fp# CX ?fiX# f <c K\cÂ&#x201E;^iX]f [\ Z`iZlcXZ`Â?e eXZ`feXc# gfi ki\j m\Z\j# d\[`Xe[f leX [\ cX fkiX \c gcXqf [\ fZ_f [Â&#x2C6;Xj% =Â&#x2C6;a\ej\ ZXik\c\j [liXek\ ki\`ekX [Â&#x2C6;Xj# \e ki\j cl^Xi\j d}j ]i\Zl\ekX[fj [\ cX gXiifhl`X KfZXZ_` Zfdle`[X[ :_`dYlicf # d\[`Xek\ Zfd`j`Â?e c`YiX[X Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX `e[`ZX[X gXiifhl`X% 8^iÂ&#x201E;^l\j\ X \og\[`\ek\ cfj [fZld\ekfj ZfejkXe$ k\j X (. ]faXj% KÂ&#x201E;e^Xj\ \e Zl\ekX \c eÂ&#x2019;d\if k\c\]Â?e`Zf '/.$/,*$+*)% ;\ Zfe]fid`[X[ Zfe \c d\dfiXe[f Ef :>8A%+$'.(+ [\c )- [\ fZklYi\ [\ )'('# XZkÂ&#x2019;\ Zfdf J\Zi\kXi`f 8[$?fZ \e \c gi\j\ek\ gifZ\jf \c ;i% DXel\c Plhl`c\dX Dlccf%$ EFK@=Ă HL<J<%%% ] @e^% Afi^\ ?ldY\ikf ;\c Gfqf J}eZ_\q :FFI;@E8;FI I<>@FE8C ;< C8 ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J < $J<:I<K8I@8 E8:@FE8C ;<C 8>L8% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\%$ :\ik`]`Zf%$ ;i% DXel\c Plhl`c\dX Dlccf J<:I<K8I@F 8;$?F: ;< C8 ;<D8I:8:@äE ?@;IF>IĂ?=@:8 ;< <JD<I8C;8J ;< C8 J<:I<K8IĂ 8 E 8: @ F E 8 C ;<C 8> L8 J J<E8>L8 % <o`jk\ ]`idX p j\ccf% 8%G%&+//..&b%d%
M8I@FJ <OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C1 8 <C J<zFI AL8E :8ICFJ >8CC<>FJ 8:KFI<J%$ @M8E D8I:<CF 8I<CC8EF 8I<CC8EF p 8E8 :I@JK@E8 :8C;<IFE <>L<Q ;<D8E;8;FJ%$ J<zFI<J 8IH% C<FGFC;F 8IK<K8 DLIK@E?F p AL8E :8ICFJ >8CC<>FJ AL@:@F1 Ef% )'('$ ,./% J%K% KI8D@K<%$ <JG<:@8C :L8EKĂ 8% ,''%''' LJ;% =LE;8D<EKFJ1 <e cf [`jgl\jkf \e \c 8ik% . [\ cX C\p gXiX \c Alq^Xd`\ekf [\ cX :fclj`Â?e p i\]fidXj 8JLEKF%$ :fclj`Â?e% ;<=<EJFI ;< CFJ 8:KFI<J1 ;i% AX`d\ 8cXmX I`ZXlik\ @e`Z`X[f \c )0 [\ 8Yi`c [\c )'(' GIFM@;<E:@81 ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$Hl`kf# al\m\j - [\ dXpf [\c )'('# cXj '0_,-%Ă&#x2020; M@JKFJ1 Ă&#x2020; 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX$ [f %$ CX [\dXe[X hl\ Xek\Z\[\ \j
J[d[h Z_d[he [i \k[dj[ Z[ j[ceh1 de j[d[hbe" [i \k[dj[ Z[ Zebeh$ =;EH=; >;H8;HJ
ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX X[d`k\ X ki}d`k\ gi\m`jkf \e cfj 8ik% * p j`^l`\ek\j [\ cX C\p gXiX \c Alq^Xd`\ekf [\ cX :fclj`Â?e# ZÂ&#x2C6;k\j\ X cfj [\dXe[X[fj j\Â&#x152;fi\j 8IH% C<FGFC;F 8IK<K8 DLIK@E?F p ;I% AL8E :8ICFJ >8CC<>FJ Zfe \c Zfek\e`[f [\ cX [\dXe[X[X p \jk\ Xlkf `e`Z`Xc \e \c cl^Xi hl\ j\ `e[`ZX gXiX \c \]\Zkf %$ LeX m\q Z`kX[fj cfj [\dXe[X[fj gi\j\ek\e jl Zfek\jkXZ`Â?e \e \c kÂ&#x201E;id`ef [\ j\`j [Â&#x2C6;Xj%$ :lÂ&#x201E;ek\j\ \e cX gi\j\ek\ ZXljX Zfe lef [\ cfj j\Â&#x152;fi\j 8^\ek\j [\ cf G\eXc [\ G`Z_`eZ_X %$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[X gfi cX gXik\ XZkfiX%$ 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ Xek\$ Z\[\e%$%$ 8ZklÂ&#x201E; \c j\Â&#x152;fi ;i% Cl`j Ife M`ccXm`Z\eZ`f p ;i% AX`d\ Kfii\j :Xii\iX \e ZXc`[X[ [\ J\Zi\kXi`f p F]`Z`Xc DXpfi \eZXi^X[f i\jg\Z$ k`mXd\ek\# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf gfi \c :fej\af EXZ`feXc [\ Al[`ZXkliX# d\[`Xek\ f]`Z`f Ef% ))-$'.$:I?$:EA$<J [\ , dXiqf [\c )''.%$ EFK@=@HL<J<%$] %$ ;I8% D8I@8 D<I:<;<J GFIK@CC8% AL<Q8 ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$Hl`kf# d`Â&#x201E;iZfc\j , [\ \e\if [\c )'((# cXj (,_(/%$ <e d\i`kf Xc aliXd\ekf i\e[`[f p [\ Zfe]fid`[X[ [\c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c ZÂ&#x2C6;k\j\ gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf X \c j\Â&#x152;fi AL8E :8ICFJ >8CC<>FJ%$ Efk`]Â&#x2C6;hl\j\%$ ] %$ ;I8% D8I@8 D<I:<;<J GFIK@CC8% AL<Q8 Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\j [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi :Xj`cc\if Al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf X ]`e [\ i\Z`Y`i gfj$ k\i`fi\j efk`]`ZXZ`fe\j \e cX gi\j\ek\ ZXljX% ;i% Cl`j Ife M`ccXm`Z\eZ`f J\Zi\kXi`f < <o`jk\ ]`idX p j\ccf% 8%G%&+0'-'&b%d% ALQ>8;F M@>yJ@DF J<>LE;F ;< CF :@M@C P D<I:8EK@C ;< G@:?@E:?8 <okiXZkf Al[`Z`Xc :@K8:@äE AL;@:@8C 81 DXi`f <ei`hl\ G\iXcmf :ilq 8:KFI81 IfjX LYXc[`eX M`ccXm`Z\eZ`f 8jkl[`ccf ;<D8E;8;F1 DXi`f <ei`hl\ G\iXcmf :ilq :8LJ8 Ef% -''$)'('% F9A<KF ;< C8 ;<D8E;81 ;\dXe[X Xc j\Â&#x152;fi DXi`f <ei`hl\ G\iXcmf :ilq# \c [`mfiZ`f# hl\ cX ]le[X \e cf [`j$ gl\jkf \e \c `eZ`jf j\^le[f [\ cX ZXljXc ((Âą [\c 8ik% ((' [\c :Â?[`^f :`m`c# XZfi[\ X cf j\Â&#x152;XcX[f \e \c 8ik% ()/ [\c :Â?[`^f :`m`c% :L8EKĂ 81 @e[\k\id`eX[X ;<=<EJFI81 ;iX% DÂ?e`ZX M}jZfe\q GIFM@;<E:@81 ALQ>8;F M@>yJ@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?81 JXe D`^l\c [\ cfj 9XeZfj# X (/ [\ FZklYi\ [\c )'('2 cXj '0?+,%$ M@JKFJ :ldgc`[f cf [`jgl\jkf \e cX gifm`[\eZ`X `e`Z`Xc# cX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ c\ X[d`k\ X ki}d`k\# \e al`Z`f m\iYXc jldXi`f2 \e cf gi`eZ`gXc j\ [`jgfe\1 <ekiÂ&#x201E;^l\j\ Zfg`X [\ cX [\dXe[X p \jk\ Xlkf Xc [\dXe[X[f j\Â&#x152;fi D8I@F <EI@HL< G<I8CMF :ILQ# gXiX Zlpf \]\Zkf \e m`ikl[ [\c aliXd\ekf i\e[`[f ZÂ&#x2C6;k\j\ gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e cX Z`l[X[ [\ Hl`kf# \e cX ]fidX `e[`ZX[X \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c2 [\Y`\e[f d\[`Xi gfi cf d\efj fZ_f [Â&#x2C6;Xj _}Y`c\j \eki\ ZX[X glYc`ZXZ`Â?e2 kÂ&#x201E;e^Xj\ \e Zl\ekX cX [\ZcXiXZ`Â?e [\ cX `e\o`jk\eZ`X [\ _`afj d\efi\j2 XeÂ&#x201E;o\j\ X cfj Xlkfj cXj gXik`[Xj XZfdgXÂ&#x152;X[Xj%$ Efk`]Â&#x2C6;hl\j\%$ <c Al\q%$ ] ;i% =i\[[p @cc\jZXj :\i[X# _Xp le j\ccf%$ Cf hl\ d\ g\id`kf Zfdle`ZXic\ X ljk\[ gXiX cfj ]`e\j [\ c\p# X[m`ik`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ \e j\Â&#x152;X$ cXi [fd`Z`c`f al[`Z`Xc \e \jkX ZXljX [\ekif [\c g\iÂ&#x2C6;d\kif liYXef [\ \jkX :XY\Z\iX :XekfeXc [\ JXe D`^l\c [\ cfj 9XeZfj p ]l\iX [\ \jk\ [\jgXZ_f gXiX i\Z`Y`i efk`]`ZXZ`fe\j ]lkliXj%$ CZ[f% AfjÂ&#x201E; >l\ii\if 9\eÂ&#x2C6;k\q J\Zi\kXi`f K`klcXi ?Xp le j\ccf 8I&/)/'.&ZZ I% ;<C <% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C1 8C J<zFI =<;<I@:F J8CM8;FI ;I<P<I ?<ID8EE AL@:@F1 @EJFCM<E:@8 Ef% (')+$ )'('0$;%>%=% 8:KFI1 ;I% =<IE8E;F <=IyE :89I<I8 ?@;8C>F GIF:LI8;FI AL;@:@8C ;<C 98E:F ><E<I8C
ILD@z8?L@ J%8% ;<D8E;8;F1 J<zFI =<;<I@:F J8CM8;FI ;I<P<I ?<ID8EE :8J@CC<IF AL;@:@8C Ef% --- ;< CFJ ;IJ% <;L8I;F E@<KF P D8I@8 ;FEFJF GIFM@;<E:@8 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# al\m\j , [\ X^fjkf [\c )'('# cXj ('_',% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q Jlgc\ek\ [\c Alq^X[f Gi`d\if [\ cf :`m`c [\ G`Z_`eZ_X# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% (+/($;G$ ;GG%# [\ )* [\ Alc`f [\c )'('%$ <e cf gi`eZ`gXc2 cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p% <e Zfej\Zl\eZ`X% Gfi gi\j\ekX[Xj cXj Zfg`Xj p Xk\ekf X cf [`jgl\jkf \e \c `eZ`jf gi`d\if [\c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gi\jld`Â&#x201E;e[fj\ cX `ejfcm\eZ`X [\c [\dXe[X[f j\Â&#x152;fi =<;<I@:F J8CM8;FI ;I<P<I ?<ID8EE# j\ dXe[X X ]fidXi ZfeZlijf [\ XZi\\$ [fi\j p Zfej`^l`\ek\ j\ fi[\eX# j\ fZlg\e jlj Y`\e\j# c`Yifj# Zfii\j$ gfe[\eZ`X d}j [fZld\ekfj p j\Xe \eki\^X[fj Xc jÂ&#x2C6;e[`Zf [\ cX hl`\YiX ;i% Afi^\ DXZXj Ifd\if# hl`\e cfj i\Z`Y`i} gi\m`f `em\ekXi`f p cl\^f [\ cX XZ\gkXZ`Â?e [\ jl ZXi^f% ?}^Xj\ jXY\i Xc gÂ&#x2019;Yc`Zf [\ \jk\ gXik`ZlcXi d\[`Xek\ leX glYc`ZXZ`Â?e \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX :`l[X[ [\ Hl`kf% 8ZldÂ&#x2019;c\ej\ cfj gc\`kfj j\^l`[fj \e ZfekiX [\ cX [\l[fi gfi fYc`^XZ`fe\j [\ [Xi f _XZ\i Zfe \oZ\gZ`Â?e [\ cfj XZi\\[f$ i\j _`gfk\ZXi`fj# hl`\e\j _Xi}e mXc\i jlj [\i\Z_fj gfi j\gXiX[f% F]Â&#x2C6;Z`\j\ Xc \]\Zkf X cfj j\Â&#x152;fi\j Al\Z\j [\ cf :`m`c [\ \jkX Ali`j[`ZZ`Â?e% I\dÂ&#x2C6;kXj\ cXj Zfg`Xj g\ik`e\ek\j X cfj j\Â&#x152;fi\j Al\Z\j [\ cf G\eXc gXiX cX ZXc`]`ZX$ Z`Â?e [\ cX `ejfcm\eZ`X% Gif_Â&#x2C6;YXj\ hl\ cX [\dXe[X[X j\ Xlj\ek\ [\c cl^Xi [\c al`Z`f# Zfdle`ZXe[f \e \jk\ j\e$ k`[f X cXj 8lkfi`[X[\j i\jg\Zk`mXj% ;`jgfe`Â&#x201E;e[fj\ cX gi\j\ekXZ`Â?e [\c mXcfi [\ cfj Y`\e\j \e \c kÂ&#x201E;id`ef [\ fZ_f [Â&#x2C6;Xj% :fe \c ]Xccf hl\[X [\ _\Z_f \e `ek\i[`ZZ`Â?e gXiX X[d`$ e`jkiXi jlj m`\e\j# efk`]Â&#x2C6;hl\j\ X cfj j\Â&#x152;fi\j EfkXi`fj# I\^`jkiX[fi [\ cX Gifg`\[X[# I\^`jkiX[fi D\iZXek`c# Jlg\i`ek\e[\ek\ [\ 9XeZfj p J\^lifj# Jlg\i`ek\e[\eZ`X [\ :fdgXÂ&#x152;Â&#x2C6;Xj# :fekiXcfi >\e\iXc [\c <jkX[f# :fej\af EXZ`feXc <c\ZkfiXc# ;`i\ZZ`Â?e EXZ`feXc [\ G\ijfeXc# X cX F]`Z`eX [\ J\im`Z`fj :`m`c p ;\jXiifccf @ejk`klZ`feXc F%J%:%;%@%# ;`i\ZZ`Â?e >\e\iXc [\ I\^`jkif :`m`c :\[lcXZ`Â?e# F]`Z`eX [\ GXjXgfik\j [\c D`e`jk\i`f [\ I\cXZ`fe\j <ok\i`fi\j# X cX :fd`j`Â?e EXZ`feXc [\ KiXej`kÂ?# KiXejgfik\j K\ii\jki\ p J\^lif M`Xc# Xc ;`i\Zkfi [\ D`^iXZ`Â?e p <okiXea\iÂ&#x2C6;X [\ cX Gfc`ZÂ&#x2C6;X EXZ`feXc% J`e g\iali`f [\ \jkX [\ZcXiXZ`Â?e cX [\l[X [\ekif [\c k\id`eÂ? [\ ki\j [Â&#x2C6;Xj gf[i} fgfe\ij\ X cX `ejfcm\eZ`X gX^Xe[f f [`d`k`\e$ [f Y`\e\j jXe\X[fj p jl]`Z`\ek\j% :Â&#x2C6;k\j\ Xc [\dXe[X[f \e \c cl^Xi hl\ j\ `e[`ZX# gXiX cf ZlXc Zfd`j`feX$ j\ Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX GXiifhl`X [\ KldYXZf# \em`}e[fc\ jl]`Z`\ek\ [\jgXZ_f% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX$ [f p X^iÂ&#x201E;^l\ej\ cfj [fZld\ekfj XZfdgXÂ&#x152;X[fj%$ Efk`]Â&#x2C6;hl\j\%$ ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j (/ [\ ]\Yi\if [\c )'((# cXj (+_,(% <c \jZi`kf gi\j\ekX[f X^iÂ&#x201E;^l\j\ Xc gifZ\jf% <e cf gi`eZ`gXc2 Xk\ekf \c aliXd\ekf i\e$ [`[f gfi \c XZkfi p [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\$ j\ Xc [\dXe[X[f j\Â&#x152;fi =<;<I@:F J8CM8;FI ;I<P<I ?<ID8EE# gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ \jkX :`l[X[ [\ Hl`kf%$ Efk`]Â&#x2C6;hl\j\%$ ] ;i% 8c]i\[f >i`aXcmX DlÂ&#x152;fj AL<Q# cf hl\ Zfdle`Zf X Ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`$ Z`Xc# [\ekif [\c g\iÂ&#x2C6;d\kif LiYXef [\ \jkX :`l[X[ [\ Hl`kf%#$ :\ik`]`Zf%$ ;I% AL8E G89CF KFIF :8II@CCF J<:I<K8I@F ?Xp le j\ccf 8I&/)/)'&ZZ <OKI8:KF AL;@:@8C :@K8:@FE 8: KF I 1 ;I% : 8 I C F J M@CC8M@:<E:@F ;<D8E;8;F1 CL@J @M8E >L8C8M@J@ :L8C:?@ i\gi\j\ekXek\ c\^Xc [\ cX ZfdgXÂ&#x152;Â&#x2C6;X K<C<:@K<C:F J%8% =LE;8D<EKF C<>8C1 8ik% *' c`k\iXc \ C\p [\ @ehl`c`eXkf% AL@:@F M<I98C JLD8I@F Eif% )''/$'*/+ J%8% :L8EK@81 LJ;% )+'' A L Q>8 ; F J <> L E ; F ; < @EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J%$ Hl`kf# ', [\ XYi`c [\c )'((# X cXj ('?,, d`e%$ 8^iÂ&#x201E;^l\j\ \c \jZi`kf gi\j\ekX[f$ <e cf gi`eZ`$ gXc p Zfe]fid\ cf gi\jZi`Y\ \c 8ik% +,- [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\Â&#x152;}c\j\ \c [Â&#x2C6;X [`\Z`el\m\ [\ dXpf [\c XÂ&#x152;f \e Zlijf X gXik`i [\ cXj ZXkfiZ\ _fiXj _XjkX cXj [`\q p fZ_f
_fiXj X ]`e [\ hl\ \e cX j\Zi\kXiÂ&#x2C6;X [\ \jk\ Alq^X[f j\ \]\ZklÂ&#x201E; \c i\dXk\ [\ cfj Y`\e\j \dYXi^X[fj Zfej`jk\ek\ \e1 (%$ Le ZfdglkX[fi Zfdgl\jkf [\ leX gXekXccX dXiZX C># df[\cf :(,A8$,2 J\i`\ Ef$ +'+;@JB*/..+2 le :GL# j`e dXiZX# j`e df[\cf# j`e j\i`\# Zfcfi Zi\dX Zfe le eÂ&#x2019;d\if [\ I\]% G:F*# le k\ZcX[f dXiZX ><E@LJ df[\cf B-*0# Ef$ B9$'-O<# Le dfljj\ dXiZX ><E@LJ Ef$ D&E >D$'*'))G$J&E1 (,+0(00''0(.2 le ZfdglkX[fi Zfdgl\jkf [\ leX gXe$ kXccX dXiZX C> df[\cf :(,A8$,2 J\i`\ Ef$ +'+;@JBH*+-/)2 le :GL dXiZX @EK<IGCLJ2 Ef$ ')*'0''().-,2 le k\ZcX[f dXiZX ><E@LJ df[\cf B-*0# Ef$ QD+,''/''),.2le dfljj\ dXiZX ><E@LJ Ef$ (+*)0'-+./# le ZfdglkX[fi Zfdgl\jkf [\ le gXe$ kXccX dXiZX C> df[\cf .('<2 J\i`\ Ef$ ,'+DOB;((C((.2 le :GL dXiZX JLG<I GFN<I2 Zfe eld\if [\ I<=% ()('*8>+2 Zfcfi e\^if2 le k\ZcX[f dXiZX ><E@LJ df[\cf B-).# Ef$ QD,.).(.'..'2le dfljj\ dXiZX ><E@LJ Ef$ (+,)/,.'('/-2 le ZfdglkX[fi Zfdgl\jkf [\ leX gXe$ kXccX dXiZX C> df[\cf .('<2 J\i`\ Ef$ ,'/DO8P'C**-2 le :GL dXiZX JLG<I GFN<I2 Zfe eÂ&#x2019;d\if [\ I<=% ()('*;K*2 Zfcfi e\^if le k\ZcX[f dXiZX ><E@LJ Df[\cf B-).# Ef$ QD,.).(.'.-0# le dfljj\ dXiZX ><E@LJ j`e df[\cf j`e j\i`\%$ ;fj I\^lcX[fi\j [\ MfckXa\ dXiZX 8G<O% df[\cfj1 8MI()''D()''M82 eld\$ ifj%$ ',)/''*.+(2 p# ',)/').*'2 le =8O dXiZX G8E8JFE@: df[\cf BO=K0'.(82 Ef$ ,;:H8'**/,*2 le k\c\m`jfi dXiZX G8E8JFE@: j`e cX kXgX [\ cfj Zfekifc\j j`e Xek\eX Zfe df[\cf%$ :K$K(+I$ j`e Zfekifc i\dfkf# j`e Xek\eX2 leX Zfg`X[fiX# `dgi\jfiX p jZ}e\i dXiZX ?G C8J<I A<K )/)' Zfcfi gcfdf Zfe eÂ&#x2019;d\if [\ I<=% ((()(')C>+2 FZ_f j`ccXj [\ XidXqÂ?e [\ dX[\iX Zfe Xj`\ekf [\ kXg`q m\i[\ XdXi`ccf [\k\i`fiX[X# p Zfe iXjgfe\j2 ZlXkif j`ccXj [\ \jkilZkliX d\k}c`ZX Zfe ]fiif Zfcfi m\i[\2 leX j`ccX ^`iXkfi`X [\ \jkilZ$ kliX d\k}c`ZX Zfcfi m\i[\# leX j`ccX ^`iXkfi`X [\ \jkilZkliX d\k}c`ZX Zfcfi gcfdf2 le al\^f [\ dl\Yc\j [\ jXcX Zfe Zfa`e\j# [\ Zfiifj`c Zfcfi m\i[\# [\k\i`fiX[fj p ifkfj2 Zfdgl\jkf [\ le jf]} gXiX ki\j# fkif gXiX [fj# p [fj `e[`m`[lXc\j# leX d\jX fmXcX[X [\ \jkilZkliX d\k}c`ZX Zfe kXYc\if [\ ]fid`ZX# j\ \eZl\ekiX [\k\i`fiX$ [X2 leX Z\ekiXc [\ k\cÂ&#x201E;]fefj dXiZX J@<D<EJ J*'/(.$L/*($: )/)# Zfe le X[XgkX[fi [\ Zfii`\ek\ df[\cf CKJ$+,)# Ef$ (GJ*'())$O,00)$O)$ (%$ <c XmXclÂ? [\ cfj Y`\e\j \dYXi$ ^X[fj XjZ`\e[\ X cX jldX [\ [fj d`c efm\ekX [Â?cXi\j [\ cfj <jkX[fj Le`[fj [\ Efik\XdÂ&#x201E;i`ZX%$ J\ XZ\gkXi}e gfjkliXj X gXik`i [\ cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ&#x2019;f gfi
kiXkXij\ [\ gi`d\i j\Â&#x152;XcXd`\ekf%$ GlYc`hl\j\ \jk\ j\Â&#x152;XcXd`\ekf gfi ki\j m\Z\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ cX gifm`eZ`X# cX hl\ j\ _Xi} d\[`Xe[f fZ_f [Â&#x2C6;Xj# gfi cf d\efj [\ leX X fkiX p [\c Â&#x2019;ck`df [\ \ccfj Xc [Â&#x2C6;X j\Â&#x152;XcX[f gXiX \c i\dXk\ gfi kiXkXij\ [\ gi`d\i j\Â&#x152;X$ cXd`\ekf%$ Efk`]Â&#x2C6;hl\j\% ]%$ ;iX%$ Jfe`X >l[`Â&#x152;f :`je\ifj# Al\qX J\^le[f [\ @ehl`c`eXkf Cf hl\ Zfdle`Zf X l[# gXiX cfj ]`e\j [\ C\p%$ :\ik`]`Zf ;I% 8C<O8E;<I M<E<>8J G% J<:I<K8I@F ?Xp le j\ccf 8%:%&./0.*&gm I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C J<zFI >FEQ8CF 8E;I<J J8C8J 8E;I8;<% 8:KFI1 >C8;PJ G8KI@:@8 G8:?<:F IF;I@>L<Q ;<D8E;8;81 >FEQ8CF 8E;I<J J8C8J 8E;I8;< AL@:@F M<I98C JLD8I@F Ef1 ((*$ )'(($D%J% =LE;8D<EKF1 8IK@:LCF ((' ;<C :F;@>F :@M@C :8LJ8C ;<:@DF GI@D<I8 @E:@JF J<>LE;F :L8EK@81 @E;<K<ID@E8;8% 89F>8;F ;<=<EJFI1 ;I% D@>L<C J8E:?<Q :8J@CC<IF AL;@:@8C1 Ef% ,(. ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# )0 [\ DXiqf [\c )'((# cXj '0_,*%$ M@JKFJ%$ <e cf gi`eZ`gXc# \e m`ikl[ [\ hl\ \c XZkfi _X [X[f Zldgc`d`\ekf X cX gifm`[\eZ`X hl\ Xek\Z\[\# j\ ZXc`]`ZX cX [\dXe[X [\ ZcXiX# Zfd$ gc\kX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X j\ cX XZ\gkX Xc ki}d`k\ M\iYXc JldXi`f%$ 8k\ekf Xc aliXd\ekf i\e[`[f gfi cX XZkf$ iX j\Â&#x152;fiX >cX[`j GXki`Z`X GXZ_\Zf If[iÂ&#x2C6;^l\q2 p# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X Xc [\dXe[X[X j\Â&#x152;fi >feqXcf 8e[iÂ&#x201E;j JXcXj 8e[iX[\# X kiXmÂ&#x201E;j [\ lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e Â&#x201E;jkX Z`l[X[ [\ Hl`kf# d\[`Xe[f \eki\ leX p fkiX glYc`ZX$ Z`Â?e fZ_f [Â&#x2C6;Xj%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if j\Â&#x152;XcX[f gfi \c XZkfi gXiX jlj efk`]`ZXZ`fe\j# XjÂ&#x2C6; Zfdf cX [\j`^$ eXZ`Â?e [\ jl el\mf 8Yf^X[f [\]\e$ jfi%$ :@K<J< P EFK@=@HL<J<%% ] ;I% @M8E :<M8CCFJ Q8D9I8EF% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`$ e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% ;i% Cl`j =\ieXe[f J\iiXef D\e\j\j J<:I<K8I@F
?Xp le j\ccf 8%:%&.0+/, <OKI8:KF EFK8Ic8 KI@>yJ@D8 GI@D<I8 ;<C :8EKäE HL@KF1 :Â&#x2019;dgc\d\ gfe\i \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf hl\ d\[`Xek\ \jZi`kliX gÂ&#x2019;Yc`ZX# fkfi^X[X Xek\ cX ;fZkfiX DXi`\cX Gfqf 8ZfjkX% EfkXi`X Ki`^Â&#x201E;j`dX Gi`d\iX [\c :XekÂ?e Hl`kf# \c AL<M<J M<@EK@F:?F ;< 89I@C [\c XÂ&#x152;f )'((# \c j\Â&#x152;fi I8èC 8C9<IKF EFC@MFJ :<M8CCFJ p j\Â&#x152;fiX D8I@8 ;@>E8 8:8IF :LD9@:FJ# ZX[X lef gfi jlj gifg`fj p g\ijfeXc\j [\i\Z_fj# gifZ\[`\ife X c`hl`[Xi \c gXki`dfe`f [\ cX jfZ`\[X[ Zfepl^Xc [`jl\ckX d\[`Xek\ j\ek\eZ`X [\ [`mfiZ`f [`Z$ kX[X gfi \c Al\q% ;Â&#x201E;Z`df K\iZ\if [\ cf :`m`c [\ G`Z_`eZ_X \c m\`ek`lef [\ XYi`c [\c [fj d`c el\m\# [fZld\ekf XiZ_`mX[f Zfe \c eÂ&#x2019;d\if )''0$(+(-% Hl`kf (+ [\ dXpf [\c )''0% CXj X[al[`ZXZ`fe\j [\c gXki`dfe`f j\ \eZl\ekiXe [\kXccX[Xj \e \c k\okf [\ cX i\]\i`[X \jZi`kliX gÂ&#x2019;Yc`ZX [\ c`hl`$ [XZ`Â?e [\ jfZ`\[X[ Zfepl^Xc# gfi cf hl\ \e Xgc`ZXZ`Â?e X cf [`jgl\jkf \e \c 8ik% - [\ cX C\p I\]fidXkfi`X X cX C\p EfkXi`Xc glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% +'- [\ )/ [\ Efm`\dYi\ [\c )''-# hl\ X jl m\q i\]fidX \c 8ik% (/ [\ cX C\p EfkXi`Xc X^i\^Xe[f mXi`fj eld\iXc\j \eki\ cfj ZlXc\j \c eld\iXc )* ]XZlckX Xc EfkXi`f [`jgf$ e\i X `ejZi`gZ`Â?e \e cfj I\^`jkifj [\ cX Gifg`\[X[ p D\iZXek`c\j# cX \jZi`kliX [\ c`hl`[XZ`Â?e [\ jfZ`\[X[ Zfepl^Xc# gi\m`f \c ki}d`k\ gi\m`jkf \e [`Z_X efidX c\^Xc gfe^f \e Zfef$ Z`d`\ekf [\c gÂ&#x2019;Yc`Zf# d\[`Xek\ leX glYc`ZXZ`Â?e# \c \okiXZkf [\ cX c`hl`$ [XZ`Â?e [\ gXki`dfe`f [\ cX jfZ`\[X[ Zfepl^Xc Zfii\jgfe[`\ek\ X cfj \o ZÂ?epl^\j j\Â&#x152;fi I8èC 8C9<IKF EFC@MFJ :<M8CCFJ p j\Â&#x152;fiX D8I@8 ;@>E8 8:8IF :LD9@:FJ fkfi^X[X d\[`Xek\ \jZi`kliX gÂ&#x2019;Yc`ZX [\ m\`e$ k`fZ_f [\ XYi`c [\c XÂ&#x152;f [fj d`c feZ\ Xek\ cX jljZi`kX ;fZkfiX DXi`\cX Gfqf 8ZfjkX% EfkXicX Ki`^Â&#x201E;j`dX Gi`d\iX \c :XekÂ?e Hl`kf# gfi \c kÂ&#x201E;id`ef [\ m\`ek\ )' [Xj X ZfekXij\ [\j[\ cX ]\Z_X [\ cX glYc`ZXZ`Â?e [\ \jk\ \okiXZkf# X ]`e [\ hl\ cXj g\ijfeXj hl\ \m\eklXcd\ek\ klm`\i\e `ek\iÂ&#x201E;j \e \jkX c`hl`[XZ`Â?e gl\[Xe gi\j\ekXi jl fgfj`Z`Â?e ]le[Xd\ekX[X# [\ekif [\c i\]\i`[f kÂ&#x201E;id`ef% GXik`ZlcXi hl\ gfe^f \e ZfefZ`d`\e$ kf gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe$ [`\ek\j% Hl`kf# DXiqf ') [\c )'((% ;I8% D8I@<C8 GFQF 8:FJK8 EFK8Ic8 KI@>yJ@D8 GI@D<I8 ;<C :8EKFE HL@KF ?Xp ]`idX p j\ccf 8:&.0+0)&k]
Fe de erratas. Por un error cometido por Sweaden S.A. se publicĂł en Quito en el Diario HOY el dĂa 28/02/2011 RESUMEN DE INVERSIONES AL 31 DE DICIEMBRE DEL 2009 INVERSION OBLIGATORIA
$ 2.449.327
INVERSION ADMITIDA
$ 2.507.184
EXCEDENTE/DEFICIENCIA
$ 57.857
Cuando lo correcto es: RESUMEN DE INVERSIONES AL 31 DE DICIEMBRE DEL 2009 INVERSION OBLIGATORIA
$ 3.316.893
INVERSION ADMITIDA
$ 3.572.919
EXCEDENTE/DEFICIENCIA
$ 256.026 A.P./49102/k.m.
I% ;<C <%
<OKI8:KF ;< GL9C@:8:@äE Al`Z`f [\ KiXYXaf FiXc Ef% *(+$ )'(' 8Zkfi1 AFI>< <EI@HL< K<I8E QLI@K8 ;\dXe[X[f1 G<KIFGIF;L::@FE 8JFGI<G :L8E@K8 LJ;# )%/'' KI8D@K< FI8C ALQ>8;F HL@EKF ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j )' [\ XYi`c [\c )'((# cXj (,_(+%$ Aljk`]`ZX[Xj hl\ _Xe j`[f cXj ZXc`$ [X[\j \e cX hl\ ZfdgXi\Z\e \e \c gi\j\ek\ al`Z`f1 j\Â&#x152;fiX <CM@8 <JG<I8EQ8 ;<C>8;F :?<II<J# Zfdf ZÂ&#x17D;epl^\ jfYi\m`m`\ek\ p AFI>< @MĂ E K<IĂ E ;<C>8;F# \e ZXc`[X[ [\ i\gi\j\ekXek\ [\ jl _\i$ dXeX :cXl[`X =\ieXe[X K\i~e%$ <e kXc m`ikl[ :@K<J< X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c hl\ \e m`[X ]l\ \c j\Â&#x152;fi Afi^\ <ei`hl\ K\i~e Qli`kX# d\[`Xek\ leX glYc`ZX$ Z`Â?e gfi cX gi\ejX \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZlcXZ`Â?e [\c cl^Xi# j\^Â&#x2019;e cf \jk`glcX \c 8ik% /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# \e i\cXZ`Â?e Zfe \c 8ik /) @9@;<D# gXiX cf ZlXc ZfeZÂ&#x201E;[Xj\ \c \okiXZkf Zfii\j$ gfe[`\ek\%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ ]% ;i% :Xicfj ?`[Xc^f GfeZ\% Al\q =% ;iX% EfidX 8ckXd`iXef >% J<:I<K8I@8% GXik`ZlcXi hl\ gfe^f \e ZfefZ`d`\e$ kf gXiX cfj ]`e\j [\ c\p% ;iX% EfidX 8ckXd`iXef >% J<:I<K8I@8
?Xp ]`idX p j\ccf 8:&.0+// ( k] I% ;<C <% <OKI8:KF ;< GL9C@:8:@FE Al`Z`f [\ KiXYXaf FiXc Ef% /(-$ )''. 8Zkfi%$ AFI>< <EI@HL< K<I8E QLI@K8 ;\dXe[X[f%$ G<KIFGIF;L::@FE :lXekÂ&#x2C6;X%$ LJ; +,'%''' Ki}d`k\%$ FiXc ALQ>8;F HL@EKF ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )0 [\ XYi`c [\c )'((# cXj '/_+-%$ M@JKFJ1 Aljk`]`ZX[Xj hl\ _Xe j`[f cXj ZXc`[X[\j \e cX hl\ ZfdgXi\Z\e \e \c gi\j\ek\ al`Z`f1 j\Â&#x152;fiX <CM@8 <JG<I8EQ8 ;<C>8;F :?<II<J P AFI>< @M8E K<IĂ E ;<C>8;F# Zfdf ZÂ?epl^\ jfYi\m`m`\ek\# p i\gi\j\ekXek\ c\^Xc [\ cX d\efi [\ \[X[ :C8L;@8 =<IE8E;8 K<IĂ E ;<C>8;F# i\jg\Zk`mXd\ek\# [\ hl`\e \e m`[X ]l\ AFI>< <EI@HL< K<IĂ E QLI@K8$ <e kXc m`ikl[ :@K<J< X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c hl\ \e m`[X ]l\ \c j\Â&#x152;fi AFI>< <EI@HL< K<IĂ E QLI@K8# d\[`Xek\ leX glYc`ZXZ`Â?e gfi cX gi\ejX \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZlcXZ`Â?e [\c cl^Xi# j\^Â&#x2019;e cf \jk`glcX \c 8ik% /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# \e i\cXZ`Â?e Zfe \c 8ik /) @9@;<D# gXiX cf ZlXc ZfeZÂ&#x201E;[Xj\ \c \okiXZkf Zfii\jgfe[`\ek\%$ :Â&#x2C6;k\j\ p
Efk`]Â&#x2C6;hl\j\%$ ]%$ ;i% :Xicfj ?`[Xc^f GfeZ\# Al\q Jlgc\ek\% =% ;iX% EfidX 8ckXd`iXef >% J\Zi\kXi`X% GXik`ZlcXi hl\ gfe^f \e ZfefZ`d`\ekf gXiX cfj ]`e\j [\ c\p% ;iX% EfidX 8ckXd`iXef >% J\Zi\kXi`X ?Xp le j\ccf 8%:%&.0+// ) <OKI8:KF EFK8Ic8 KI@>yJ@D8 HL@EK8 ;< HL@KF1 :Â&#x2019;dgc\d\ gfe\i \e Zfef$ Z`d`\ekf [\c gÂ&#x2019;Yc`Zf hl\ d\[`Xek\ \jZi`kliX gÂ&#x2019;Yc`ZX# fkfi^X[X Xek\ \c ;i% ?Â&#x201E;Zkfi MXcc\af ;\c^X[f# EfkXi`f Ki`^Â&#x201E;j`df Hl`ekf [\c :XekÂ?e Hl`kf# \c (, [\ XYi`c [\c )'((# cfj j\Â&#x152;fi\j DPI@8D <C@Q89<K? ?@;8C>F FJFI@F# [\ \jkX[f Z`m`c [`mfiZ`X[X2 p \c j\Â&#x152;fi =I8E:@J:F :L<JK8 M<>8# [\ \jkX[f Z`m`c ZXjX[f# gifZ\[`\ife X c`hl`[Xi \c gXki`dfe`f [\ cX JfZ`\[X[ :fepl^Xc% CXj X[al[`ZXZ`fe\j [\c gXki`dfe`f j\ \eZl\ekiXe [\kXccX[Xj \e \c k\okf [\ cX i\]\i`[X \jZi`kliX gÂ&#x2019;Yc`ZX [\ c`hl`$ [XZ`Â?e [\ jfZ`\[X[ Zfepl^Xc# gfi cf hl\ \e Xgc`ZXZ`Â?e X cf [`jgl\jkf \e \c 8ik% - [\ cX C\p I\]fidXkfi`X X cX C\p EfkXi`Xc# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% +'- [\ )/ [\ Efm`\dYi\ [\c )''-# hl\ X jl m\q i\]fidX \c 8ik% (/ [\ cX C\p EfkXi`Xc X^i\^Xe[f mXi`fj eld\iXc\j# \eki\ cfj ZlXc\j \c eld\iXc )* ]XZlckX Xc EfkXi`f [`j$ gfe\i cX `ejZi`gZ`Â?e \e cfj I\^`jkifj
REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS
EXTRACTO DE LA ESCRITURA PUBLICA DE CAMBIO DE NOMBRE DE JOSE JALIL HAAS & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. POR EL DE JOSE JALIL & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. Y REFORMA DE ESTATUTOS 1. ANTECEDENTES.- JOSE JALIL HAAS & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA., se constituyĂł mediante escritura pĂşblica otorgada ante el Notario VigĂŠsimo Octavo del Distrito Metropolitano de Quito, el 26 de Junio de 2008; aprobada mediante ResoluciĂłn No. 2778 de 22 de Julio de 2008, e inscrita en el Registro Mercantil del cantĂłn Quito el 6 de Agosto de 2008. 2.- CELEBRACION Y APROBACION.- La escritura pĂşblica de cambio de nombre de JOSE JALIL HAAS & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. por el de JOSE JALIL & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. y reforma de estatutos, otorgada ante el Notario TrigĂŠsimo Segundo del Distrito Metropolitano de Quito el 11 de Febrero de 2011, fue aprobada por la Superintendencia de CompaĂąĂas, mediante ResoluciĂłn No. SC.IJ.DJC. Q.11.001849. 3.- OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el seĂąor JOSE MANUEL JALIL FLORES en su calidad de Gerente General, de nacionalidad ecuatoriana, estado civil casado y domiciliado en este Distrito Metropolitano de Quito. 4. CAMBIO DE NOMBRE, REFORMA DE ESTATUTOS Y, PUBLICACION.La Superintendencia de CompaĂąĂas mediante ResoluciĂłn No. SC.IJ.DJC. Q.11.001849 de 27 de Abril de 2011 aprobĂł el cambio de nombre de JOSE JALIL HAAS & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. por el de JOSE JALIL & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. y, la reforma de estatutos, y ordeno la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dĂas consecutivos, para efectos de oposiciĂłn de terceros respecto al cambio de nombre referido, seĂąalado en el Art. 33 de la Ley de CompaĂąĂas y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. 5. AVISO PARA OPOSICION.- Se pone en conocimiento del pĂşblico el cambio de nombre de JOSE JALIL HAAS & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA. por el de JOSE JALIL & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA., a fin de que quienes se creyeren con derecho a oponerse a su inscripciĂłn puedan presentar su peticiĂłn ante una de los Jueces de lo Civil del domicilio principal de la compaĂąĂa, dentro de los seis dĂas contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y ademĂĄs, pongan el particular en conocimiento de la Superintendencia de CompaĂąĂas. El Juez que reciba la oposiciĂłn o el accionante, notificarĂĄ o comunicarĂĄ segĂşn el caso, a esta Superintendencia, dentro del tĂŠrmino de dos dĂas siguientes a partir de dicha recepciĂłn, juntamente con el escrito de oposiciĂłn y providencia recaĂda sobre ella. Si no hubiere oposiciĂłn o no fuere notificada esta InstituciĂłn en la forma antes indicada, se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de mencionada compaĂąĂa y al cumplimiento de los demĂĄs requisitos legales. En virtud de la escritura pĂşblica mencionada, la compaĂąĂa reforma el texto del ArtĂculo Primero del Estatuto Social, de la siguiente manera: â&#x20AC;&#x153;ARTICULO PRIMERO.- NATURALEZA, NACIONALIDAD Y DENOMINACION: La denominaciĂłn que la CompaĂąĂa utilizarĂĄ serĂĄ JOSE JALIL & HIJOS REPRESENTACIONES Y COMERCIO CIA. LTDA.,...â&#x20AC;? Quito, 27 de Abril de 2011. Ab. Hugo Arias Salgado INTENDENTE JURĂ?DICO
A.R./82835
H[YehZWdZe ieo gk_[d ieo o gk_[d de fk[Ze i[h o Yedj[d]e Z[djhe Z[ cÂ&#x2021; [b feZ[h Z[ bWi fWbWXhWi gk[ c[ bb[]Wd Z[ ejhe j_[cfe" Z[ ejhei [ifWY_ei$ BEKH:;I EHJ?P [\ cX Gifg`\[X[ p D\iZXek`c\j# cX \jZi`kliX [\ c`hl`[XZ`Â?e [\ jfZ`\[X[ Zfepl^Xc# gi\m`f \c ki}d`k\ gi\m`j$ kf \e [`Z_X efidX c\^Xc# gfe^f \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# d\[`Xe$ k\ leX glYc`ZXZ`Â?e# \c \okiXZkf [\ cX c`hl`[XZ`Â?e [\c gXki`dfe`f [\ cX jfZ`\[X[ Zfepl^Xc Zfii\jgfe[`\ek\ X cfj j\Â&#x152;fi\j DPI@8D <C@Q89<K? ?@;8C>F FJFI@F2 p =I8E:@J:F :L<JK8 M<>8# fkfi^X[X d\[`Xe$ k\ \jZi`kliX gÂ&#x2019;Yc`ZX [\ (, [\ XYi`c [\c )'(( Xek\ \c jljZi`kf ;i% ?Â&#x201E;Zkfi MXcc\af ;\c^X[f# EfkXi`f Ki`^Â&#x201E;j`df Hl`ekf [\c :XekÂ?e Hl`kf% <e \c kÂ&#x201E;i$ d`ef [\ m\`ek\ )' [Â&#x2C6;Xj X ZfekXij\ [\j[\ cX ]\Z_X [\ cX glYc`ZXZ`Â?e [\ \jk\ \okiXZkf# cXj g\ijfeXj hl\ \m\eklXcd\ek\ klm`\i\e `ek\iÂ&#x201E;j \e \jkX c`hl`[XZ`Â?e gl\[\e gi\j\ekXi jl fgfj`Z`Â?e ]le[Xd\ekX[X# [\ekif [\c i\]\i`[f kÂ&#x201E;id`ef% GXik`ZlcXi hl\ gfe^f \e ZfefZ`d`\e$ kf gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe$ [`\ek\j% Hl`kf# XYi`c )' [\c )'((% ?<:KFI M8CC<AF ;<C>8;F EFK8I@F *, ;<C :8EKFE HL@KF ?Xp ]`idX p j\ccf 8:&.0+/'&k] I% ;<C <% <OKI8:KF ;< GL9C@:8:@FE AL@:@F ;< KI898AF KIĂ?D@K< FI8C (.*,+$)'(($'(*'C9 8:KFI%$ N@CJFE =<IE8E;F IF98C@EF KFII<J ;<D8E;8;F%$ AFE8K?8E ;8M@; ;< M<@EK<D@CC8 898; :L8EKĂ 8%$ (,%'''# ff LJ; KI8D@K<%$ FiXc :@K8:@FE 81 Ji% AFE8K?8E ;< M<@EK@D@CC8 898; 8LKF%$ ALQ>8;F :L8IKF ;< KI898AF ;< G@:?@E:?8%$ Hl`kf# dXik\j ( [\ dXiqf [\c )'((# cXj (._,(%$ $ M@JKFJ1 <e m`ikl[ [\c jfik\f Zfii\jgfe[`\ek\# ;i% =XY`}e <jZXcXek\ Ă?cmXi\q# XmfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q Jlgc\ek\ [\ \jk\ [\j$ gXZ_f c\^Xcd\ek\ gfj\j`feX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\$ [\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p%$ KiXdÂ&#x2C6;k\j\ \e gif$ Z\[`d`\ekf fiXc# [\ Zfe]fid`[X[ Zfe \c 8ik% ,., p j`^l`\ek\j [\c :Â?[`^f [\c KiXYXaf%$ :Â&#x2C6;k\j\ X AFE8K?8E ;< M<@EK@D@CC8 898;# gfi jlj gifg`fj p g\ijfeXc\j [\i\Z_fj p gfi cfj hl\ i\gi\j\ekÂ? \e ZXc`[X[ [\ gifg`\kXi`f [\ cXj ;`jZfk\ZXj KFE@: :CL9# :@KP :CL9# KLK :CL9 p N8D :CL9# p [\ cX :fdgXÂ&#x152;`X A8B< 9LJJ@E<J >IFLG J%8%# p gfi cfj hl\ i\gi\$ j\ekX XZklXcd\ek\# \e ZXc`[X[ [\ gifg`\kXi`f [\ cX XZklXc ;`jZfk\ZX Ă&#x2C6;;FE AL8E 9FK<CC8JĂ&#x2030;# \e \c cl^Xi hl\ j\ `e[`ZX# gXiX cf ZlXc# i\dÂ&#x2C6;kXj\ \c gifZ\jf X cX JXcX [\ :`kXZ`fe\j# X ]`e [\ hl\ j\ ZldgcX Zfe cX Z`kXZ`Â?e [\ cX gXik\ [\dXe[X[X \e \c kÂ&#x201E;id`ef [\ Z`eZf [Â&#x2C6;Xj# gi\m`jkf \e \c ,.-# `eZ`jf j\^le[f [\c :Â?[`^f d\eZ`f$ eX[f%$ ?\Z_f# hl\ j\X# i\XcÂ&#x2C6;Z\j\ cX Xl[`\eZ`X gi\c`d`eXi# Zfek\jkXZ`Â?e X cX [\dXe[X p ]fidlcXZ`Â?e [\ gil\$ YXj# X cX hl\ ZfeZlii`i}e cXj gXik\j \e ]fidX g\ijfeXc f gfi `ek\id\$ [`f [\ GifZliX[fi Al[`Z`Xc Zfe gf[\i \jg\Z`Xc Xdgc`f p jl]`Z`\ek\ gXiX kiXej`^`i# \c [Â&#x2C6;X ) [\ Ale`f [\c )%'((# X cXj (+_)'%$ CX Zfek\jkXZ`Â?e X cX [\dXe[X j\i} ]fidlcX[X gfi \jZi`kf j\^Â&#x2019;e cf [`jgl\jkf \e \c 8ik% ,.- `eZ`jf gi`d\if [\c :Â?[`^f [\c KiXYXaf%$ J\ c\ gi\m`\e\ X cX gXik\ [\dXe[X[X hl\ k`\e\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if Al[`Z`Xc [\e$ kif [\c g\iÂ&#x2C6;d\kif c\^Xc%$ K\e^Xj\ \e Zl\ekX cX ZlXekÂ&#x2C6;X ]`aX[X# p # \c ZXj`cc\if Al[`Z`Xc Ef% ,()* [\c ;i% Cl`j Kfii\j 9fe`ccX # j\Â&#x152;XcX[f gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ ALQ>8;F :L8IKF ;< KI898AF ;< G@:?@E:?8%$ Hl`kf# m`\ie\j / [\ XYi`c [\c )'((# cXj ('_+)%$ <e cf Gi`eZ`gXc Xk\ekf cf dXe`]\jkX[f gfi cX gXik\ XZkfiX \e \c \jZi`kf ZfejkXe$ k\ \e \c gifZ\jf# i\ZfefZ`d`\ekf p aliXd\ekf [\c d`jdf# :@K<J< Zfe cX gi\j\ek\ ZXljX Xc [\dXe[X[f j\Â&#x152;fi A?FE8K8E ;8M@; ;< M<@EK<D@CC8 898;# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$EFK@=@HL<J<%$ ] %$ ;I% =89@8E <J:8C8EK< 8CM8I<Q# AL<Q JLGC<EK<% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p ;I% D8I@F D<A@8 8IIF98 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0*+-&k] ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C1 8 I8LC <;L8I;F A8I8D@CCF CFG<Q :FE C8 J@>L@<EK< ;<D8E;8 ;< ;@MFI:@F# 8C K<EFI J@>L@<EK<1 <okiXZkf 1 8:KFI1 B8IC8 EF<D@ DFI8C<J :<M8CCFJ
;<D8E;8;F1 I8LC <;L8I;F A8I8D@CCF CFG<Q F9A<KF% 8dgXiX[f \e cX ZXljXc [Â&#x201E;Z`dX gi`d\iX# `eZ`jf gi`d\if [\c 8ik% ((' [\c :Â?[`^f :`m`c# [\dXe[X \c [`mfiZ`f X ]`e [\ hl\ \e j\ek\eZ`X j\ [\ZcXi\ [`jl\ckf \c mÂ&#x2C6;eZlcf dXki`df$ e`Xc hl\ le\ X cfj ZÂ?epl^\j% KI8D@K<% M\iYXc JldXi`f% :L8EKĂ 8% @e[\k\id`eX[X% =<:?8 ;< @E@:@8:@äE ;<C AL@:@F1 (+ ;< =<9I<IF [\c )'((% ELD<IF ;< :8LJ81 )'*$)'((99 ;FD@:@C@F C<>8C%$ :Xj`ccX Al[`Z`Xc E%$-',- ;i% IXlc I\m\cf Gifm`[\eZ`X % ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j )( [\ dXiqf [\c )'((# cXj (+_+-%$ M@JKFJ%$ CX Zfdg\k\eZ`X [\ \jkX ZXljX j\ _X iX[`ZX[f \e \jkX al[`ZXkliX \e m`ikl[ [\c jfik\f i\Xc`qX[f# gfi cf kXekf XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q <eZXi^X[f [\ \jkX Al[`ZXkliX# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% +..$;G$;GG$ [\ * dXiqf [\c )'((% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ c\ [X \c ki}d`k\ M\iYXc JldXi`f% 8k\ekf \c aliXd\ekf i\e[`[f gfi \c XZkfi p Zfe]fid\ cf [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\$ j\ Xc [\dXe[X[f I8LC <;L8I;F A8I8D@CCF CFG<Q# gfi d\[`f [\ cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X%$ EFK@=@HL<J<%$ ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q <E:8I>8;F% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`Â&#x201E;e[f$ c\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j% ', 89I% )'(( C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&./0./&k]
8ELC8:@FE<J
COOPROGRESO ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '(('+))/0( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X F:8z8 KL=@zF =I<;;P FD8I j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZl$ d\ekf cfj i\ZcXd\% 8:&(&('.., d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '((').)0(+ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '(.'))',,( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X C8I8 D@HL@E>8 D8I@8 IFJ8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZl$ d\ekf cfj i\ZcXd\% 8:&)& ('..- d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+(''+/.-) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.''+))/( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X :8C<IF GFIKL>8C AF==I< 8IKLIF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&*&('... d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8gfikXZ`fe\j Ef% '*.''0+(,0 [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X K8I8D9@J IF;I@>L<Q D8I@8 <L><E@8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&+&('../ d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ')('(*''*, p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +')(.''-*,+) [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X P8E:?8>L8EF P8E<Q D@>L<C 8E><C j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$
eX[f [fZld\ekf cfj i\ZcXd\% 8:&,&('..0d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '*('().0++ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '*.'('.)+( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X >8CM<Q 8IIFPF <;@JFE G8KI@:@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&-&('./'d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef +((((''(*-,- p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +(((.''('-'- [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X HL@J?G< K@KL8z8 J<;>LE;F <;>8I j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&.&('./( d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8gfikXZ`fe\j Ef% +',(.''+-)*( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X HL@z8 KF8G8EK8 AFJ< G<;IF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZl$ d\ekf cfj i\ZcXd\% 8:&/&('./) d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef +((((''*,')( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X J@D98z8 CC8D8KLD9@ AFJ< 8CFEJF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&0&('./* d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '('(,--*/, p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '(.''--00. [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X IFJ<IF D8I@8 D8>;8C<E8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&('.//& ( d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '-'(0*0/. [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X DFC@E8 I@HL<CD< PFC8E;8 <C@J8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('./0& ) d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '.(''+(//) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '..''*('). [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X HL@J?G< :?LHL@ CFLI;<J >L8;8CLG< j\ gifZ\[\i} X XelcXi$ cX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0'& * d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/('),(/), p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '/.''.'0-, [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X A@D<E<Q K8@G< <I@B8 D<I:<;<J j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZl$ d\ekf cfj i\ZcXd\% 8:&('.0(& + d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(+/)/0* [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X =CFI<J :<M8CCFJ D8I@8 ;<E@J< j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZl$ d\ekf cfj i\ZcXd\% 8:&('.0)& , d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '*'().(0-' p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '*.'(('(/+ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X GIF8zF I@M8;<E<@I8 AFI>< J8EK@8>F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0*& - d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ()'('/)'-( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X G@EFJ G8C8:@FJ E8E:P D8I@8E<C8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0+& . d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ()('''--0- p C`Yi\kX [\ 8gfikXZ`fe\j Ef% ().''',+-' [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ? :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X I<:8C;< 8CLC<D8 CL@J D8EL<C j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0,& / d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8gfikXZ`fe\j Ef% (*.''*'/.( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X C8E:?8E>F :?@:F <;N@E @>E8:@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0-& 0 d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '*'()..'00 p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '*.''-,-0' [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\e$ k\ X D<I8 :8@Q8 D8I@F j\ gifZ\$ [\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0.& (' d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/'(*+'//+ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '/'.(+./). [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X D<I@EF >L8z8 D8I@8 =<IE8E;8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`f$ eX[f [fZld\ekf cfj i\ZcXd\% 8:&('.0/& (( d^
BANCO INTERNACIONAL Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *,'.*,+.* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('..' ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *0'.)/..- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('..' ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ''''/0(+-* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('..' * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (')+(-- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('..' + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*/'.,/0'/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('.(. ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% )''.,('/+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('.(. ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% .'-+0. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e
Ä&#x2C6;
[\ \jk\ Xm`jf% 8:&('.(. * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +*'.',*(( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('.(. + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -*'.'-,/0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('.(. , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -+'.'*+-' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% .''/'-',' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.++)0+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *.'.*(00+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -+'.).--0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (''-/,' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0..*., [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-)'.-+()0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* / d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (*,'.((++' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* 0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+*'.-,/0- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e
Ĺ? Ĺ?
Ĺ?
Ĺ? Ĺ?
Ĺ?
Ä&#x2030;
Ĺ? Ä&#x160;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä
Ĺ? +. Ĺ? Ä&#x152;Ĺ?
[\ \jk\ Xm`jf% 8:&('/'* (' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0,-/*( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +''..,+0. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* () d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+*.),/'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*/'./+.-* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*/'./)*,* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -)'.,'+0. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *.'.*)/)- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% .''..,..- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ))(/0/' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* (0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+*'.,),/( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% )''.)(-(+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*,'.)(+', [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e
[\ \jk\ Xm`jf% 8:&('/'* )) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *-'.'/-)( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ',,'.,,'.+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *-'.)./() [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* ), d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+-'.''.-, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (')'-/* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* ). d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0/('.''0(( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +)'.',./- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* )0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*0'../+*0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* *' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +*'.,0+.' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* *( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *+'.'(',* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'* *) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.+*/)0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'+ ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.,/*,, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj#
Ĺ?
ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'+ ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *.'.*,()+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/+ * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*''.)0*,' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'+ + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-('.(('*( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'+ , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '++'.'0,,- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&('/'+ - d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% ++'-'*+/( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e[f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if /) Xc eÂ&#x2019;d\if (), 8:&('/', ( d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% '++'-'*+/( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`$ ZX# hl\ j\ \jk} gifZ\[`\e[f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if .' Xc eÂ&#x2019;d\if ., 8:&('/', ) d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% '+)''').-, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`$ ZX# hl\ j\ \jk} gifZ\[`\e[f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if *,)# *,+# *.)# *.'# */*# +'(# +'+# +((# ++(# ++-# +(0# +*0# +*,# ++,# +,'# +0)# +0* 8:&('/', * d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% */'-'*(*( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e[f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if 0'/ Xc eÂ&#x2019;d\if 0() 8:&('/', + d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% '-('''0/.) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e[f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if +* Xc eÂ&#x2019;d\if ., 8:&('/', , d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\ekX Zfii`\ek\ Ef% '-('''0/.) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e[f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if *(# *)# *,# */ Xc eÂ&#x2019;d\if *(# *)# *,# */ 8:&('/', - d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X Xel$ cXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ,'''0(0() [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ''.),( MXcfi1 ++-#0, =\Z_X [\ >`if1 )0 ;< 89I@C )'((% 8 cX fi[\e [\1 D<IP D8IC<E< 9LJK8D8EK< 8CM8I<Q 8:&('/', . d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X Xel$ cXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% *0''')(+, [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (),+ MXcfi1 -.#+* =\Z_X [\ >`if1 ')&',&)'((% 8 cX fi[\e [\1 D<:8EF JFCL;<IJ J%8% 8:&('/', / d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X Xel$ cXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+)'-'()/' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ 0'. MXcfi1 ./(#+' =\Z_X [\ >`if1 ($'*$)'((% 8 cX fi[\e [\1 <;@KFI@8C ;<C JLI <;@JLI :@8%CK;8 8:&('/', 0 d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% *-'-',)+( [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (. & .- MXcfi1 //)#''& )''#'' 8:&('/', (' d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% *-'-'.,(- [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (/)
Ik[b[d Z[Y_h gk[ [b ^ecXh[ gk[ Wf[j[Y[ ieb[ZWZ j_[d[ ckY^e Z[ :_ei e Z[ X[ij_W$ C7J;E 7B;CĂ&#x203A;D MXcfi1 )+*.#-+ 8:&('/', (( d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X Xel$ cXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+'''--.') [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ *.*0 MXcfi1 *((%-* =\Z_X [\ >`if1 - 89I@C )'((% 8 cX fi[\e [\1 @E;LD8;<I8 8:&('/', () d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X Xel$ cXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% /''-(***- [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (',+ MXcfi1 (, =\Z_X [\ >`if1 ) ;< D8PF ;<C )'((% 8 cX fi[\e [\1 G8FC8 >8C8II8>8 8:&('/', (* d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '/''-(/')( [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ *- MXcfi1 ((( =\Z_X [\ >`if1 *'$ 89I@C )'((% 8 cX fi[\e [\1 D8LI@:@F >FEQ8C<Q 8:&('/', (+ d^
BANCO PICHINCHA J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ j\ XelcX \c kÂ&#x2C6;klcf Ef% )-**' gfi +)' XZZ`fe\j [\ ('' jlZi\j ZX[X leX Zfii\jgfe$ [`\ek\j Xc 9XeZf G`Z_`eZ_X :%8% 8I&/)/()&ZZ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%+,,( [\ cX :kX% :k\% Ef% *'()00,*'+ g\ik\$ e\Z`\ek\ X =@<IIF IL@Q# 8C9<IKF$ G8KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%+,,+ [\ cX :kX% :k\% Ef% *'()00,*'+ g\ik\e\Z`\ek\ X =@<IIF IL@Q# 8C9<IKF$G8KI@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(.-* Xc (./' [\ cX :kX% :k\% Ef% *'-'*(//'+ g\ik\e\Z`\ek\ X M@CC8>FD<Q# :8ICFJ$><ID8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%+,- Xc +-' [\ cX :kX% :k\% Ef% *((*).'('+ g\i$ k\e\Z`\ek\ X P<G<Q ?<IE8E;<Q# >@FM8EEP$C<E@E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%/'. [\ cX :kX% :k\% Ef% *'/)*'-)'+ g\ik\e\$ Z`\ek\ X 8>L@II< C<FE# 8E><C@:8$ 9<8KI@Q [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%,,, mXcfi *)' [\ cX :kX% :k\% Ef% **0/-'.('+ g\ik\e\Z`\ek\ X 9<IIL :8II@FE#AFJ<$8ID8E;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& - d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%),*+ mXcfi +()#*0 [\ cX :kX% :k\% Ef% *)+/-,*''+ g\ik\e\Z`\ek\ X :FIK<Q J@D98E8# 8C98$8QL:<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& . d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%-(( Xc -.' [\ cX :kX% :k\% Ef% *++('',,'+ g\ik\e\Z`\ek\ X FE8 >L8EFCL@J8# D8I:<C@E8$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e%
8:& / d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%.(' mXcfi 0, [\ cX :kX% :k\% Ef% *')(-/),'+ g\ik\e\Z`\ek\ X 98LK@JK8 K8D8PF# <;>L@E$C<FE8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%--0 mXcfi ),)#+, [\ cX :kX% :k\% Ef% *+-*+'.('+ g\ik\e\Z`\ek\ X :FDLE@B>I8= J%8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%*., [\ cX :kX% :k\% Ef% *+-//(.*'+ g\ik\e\$ Z`\ek\ X 98II<I8 J8EKFJ#FKKF$ ?<EIP [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%((0*$ ()'+ [\ cX :kX% :k\% Ef% *+-*/)++'+ g\ik\e\Z`\ek\ X JK8I :FCFLIJ I<GI<J<EK8:@FE<J :@8 CK;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%*-, [\ cX :kX% :k\% Ef% *+,*+))('+ g\i$ k\e\Z`\ek\ X :FDG8E@8 =I8E:<J8 ;< J<>LIFJ G8I8 :FD<I: [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%..)* [\ cX :kX% :k\% Ef% *',+*0*''+ g\ik\e\Z`\ek\ X :F=8:< J<IM@:<J <:L8;FI J% 8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%)0, [\ cX :kX% :k\% Ef% *+)'*-,.'+ g\ik\e\Z`\ek\ X 9FIA8 @QHL@<I;F# J8EK@8>F$;8M@; [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%.0( Xc /)' [\ cX :kX% :k\% Ef% *)(.**/+'+ g\ik\e\Z`\ek\ X B@D # J<LE>$@C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%).' [\ cX :kX% :k\% Ef% *+,/(.'/'+ g\i$ k\e\Z`\ek\ X :8;<E8 >FEQ8C<Q# A8@D<$I@:8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& (. d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%**' mXcfi )''' [\ cX :kX% :k\% Ef% **/0/+()'+ g\ik\e\Z`\ek\ X C<< B@E# B@$K8B [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%**( mXcfi )''' [\ cX :kX% :k\% Ef% **/0/+()'+ g\ik\e\Z`\ek\ X C<< B@E# B@$K8B [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(*/+ Xc (*/, [\ cX :kX% :k\% Ef% *(0(0+.('+ g\ik\e\Z`\ek\ X ?8IF >I@A8CM8# E<JKFI$?L>F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%().. mXcfi
(.). [\ cX :kX% :k\% Ef% *'-0-(//'+ g\ik\e\Z`\ek\ X C<< B@D# ?<<$JFFB [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%/,- [\ cX :kX% :k\% Ef% *'**-0*('+ g\i$ k\e\Z`\ek\ X B@D :?F# ?P8E>$Q8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%(*+0 [\ cX :kX% :k\% Ef% *',..+,.'+ g\ik\e\$ Z`\ek\ X :?8E> PFF# DPLE>$?<< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%*)0- [\ cX :kX% :k\% Ef% *'*/)'*/'+ g\ik\$ e\Z`\ek\ X K@G8E #CL@J$>FEQ8CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(+/- mXcfi *(0#-/ [\ cX :kX% :k\% Ef% *'**)0/''+ g\ik\e\Z`\ek\ X @EHL@=8I :% 8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(-'- [\ cX :kX% :k\% Ef% *+-*/)++'+ g\ik\e\Z`\ek\ X JK8I :FCFLIJ I<GI<J<EK8:@FE<J :@8 CK;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )- d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%.'+ Xc .*' [\ cX :kX% :k\% Ef% *+*(/0/+'+ g\ik\e\Z`\ek\ X CFQ8;8 KILA@CCF# ;8EEP$A8M@<I [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ). d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%('( Xc (-' [\ cX :kX% :k\% Ef% *+'..)-+'+ g\ik\e\Z`\ek\ X E8D G8IB# GF$@D [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%+.. mXcfi (*' [\ cX :kX% :k\% Ef% *'.)0*+('+ g\ik\e\Z`\ek\ X FM@<;F I<@EFJF# IF:@F$;<C :@JE< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\e$ kif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%+(' [\ cX :kX% :k\% Ef% **/)'((*'+ g\ik\e\Z`\ek\ X B@D # JLEAL$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& *' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%)*,/ [\ cX :kX% :k\% Ef% *'()(+'0'+ g\ik\$ e\Z`\ek\ X G8CC8J:F GLD@J8:?F# CL@J$>@C9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& *( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%(+' mXcfi +'' [\ cX :kX% :k\% Ef% *+/((./)'+ g\ik\e\Z`\ek\ X M@CC8D8I 9<;FI# D8I@M<C:@$CL:@8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& *) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%,*)- [\ cX :kX% :k\% Ef% *'*),/**'+ g\ik\$ e\Z`\ek\ X B@D G8IB#ALE>$JFFB [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ** d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%)/( Xc *+' [\ cX :kX% :k\% Ef% **0')*00'+ g\ik\e\Z`\ek\ X FIK@Q =I8E:F# K?8E@8$>@J?<CC< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& *+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%(*+$ (*,$ (+'$ (+)$ [\ cX :kX% :k\% Ef%
*+/+/..*'+ g\ik\e\Z`\ek\ X DFI8C<J J8E:?<Q# D8IK?8$ <C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& *, d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%((*$ ((, [\ cX :kX% :k\% Ef% *''0*.*0'+ g\ik\e\Z`\ek\ X EF G8IB# PF$JL9< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& *- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%/../* mXcfi )(+#(/ [\ cX :kX% :k\% Ef% *'.('/*/'+ g\ik\e\Z`\ek\ X LE@M<IJ@;8; K<:EFCF>@:8 <HL@EF::@8C LK< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& *. d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%*/+. [\ cX :kX% :k\% Ef% *)(0()/,'+ g\ik\$ e\Z`\ek\ X A8I8 J8E:?<Q# AL;@K?$ <C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& */ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%*/,( [\ cX :kX% :k\% Ef% *)(0()/,'+ g\ik\$ e\Z`\ek\ X A8I8 J8E:?<Q# AL;@K?$ <C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& *0 d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%(,,/ mXcfi .' [\ cX :kX% :k\% Ef% *'',,)+*'+ g\ik\e\Z`\ek\ X =@>LI<CC@ >FI>8#I<D@$ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& +' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%)-- Xc )/' [\ cX :kX% :k\% Ef% *'(0,-/,'+ g\ik\e\Z`\ek\ X D<8KP8I; >I8P#D89<C$AFJ<G?@E< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`$ ZXZ`Â?e% 8:& +( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%,-( Xc --' [\ cX :kX% :k\% Ef% **+0(0)('+ g\ik\e\Z`\ek\ X DFEKFP8 8CM8I8;F#FIC8E;F$=@;<C [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& +) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%-*+ Xc -+' [\ cX :kX% :k\% Ef% *+(.)//)'+ g\ik\$ e\Z`\ek\ X I8DFJ A8I8D@CCF#8E8$ :I@JK@E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& +* d^
Gfi IF9F [\c :_\hl\ Ef%)), 8C )). [\ cX :kX Ef%/'(-0)'-'+ g\i$ k\e\Z`\ek\ X :ILQ E8M8J# ALC@<K8$ <C@Q89<K? [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj - [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef%.)-$.)/ 8C .*' [\ cX :kX Ef% /'(-*/),'+ g\ik\e\Z`\ek\ X A@D<E<Q KFII<J# I@:?8I;$ 8L>LJKF [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj - [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& + d^
BANCO BOLIVARIANO J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX 8elcXZ`Â?e gfi gÂ&#x201E;i[`[X [\c Z_\hl\ Ef% - :K8% :K< ,'),'(*+,. j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% 98PK<H :@8%CK;8 # 8:& ('/'( ( d^ 44444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX 8elcXZ`Â?e gfi gÂ&#x201E;i[`[X [\c Z_\hl\ Ef% )(, :K8% :K< ((),''00*' j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% N@CC@8EJ P<==<IJFE Q8D9I8EF DFI<@I8 8:&('/'( ) d^ 44444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX 8elcXZ`Â?e gfi gÂ&#x201E;i[`[X &jlYjkiXZZ`Â?e [\c Z_\hl\ Ef% ,0 Zfe ]`idX p j`e mXcfi# gi\$ j\ekX[X gfi \c ^`iX[fi Ji% X `kX% JF=@8 =CFI<J <JKLG@z8E # ZkX% Zk\% Ef% ,'','+*-/* [\c 9XeZf 9fc`mXi`Xef% 8:&('/'( * d^ 44444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX Fgfj`Z`Â?e Xc gX^f gfi g\i[`[X&JljkiXZZ`fe [\c Z_\hl\ Ef% *(.' ^`iX[f Xc Ji&X <:L8;<C@:@8J gi\j\ekX[X gfi D8>;8 <JG@EFQ8 ZkX% Zk\ Ef%$ ,'','*,,.' J\ gi\m`\e\ hl\ ZlXc$ hl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [Â&#x2C6;Xj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:&('/'( + d^ 44444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX Fgfj`Z`Â?e Xc gX^f gfi g\i[`[X&JljkiXZZ`fe [\c Z_\hl\ Ef% *'(( ^`iX[f Xc Ji&X <:L8;<C@:@8J gi\j\ekX[X gfi D8>;8 <JG@EFQ8 ZkX% Zk\ Ef%$ ,'','*,,.' J\ gi\m`\e\ hl\ ZlXc$ hl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [Â&#x2C6;Xj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:&('/'( , d^
BANCO DEL AUSTRO Gfi fi[\e [\c k`klcXi# j\ gifZ\[\i} X cX I<MF:8KFI@8 [\ gX^f gfi1 :_\hl\ Ef% ().2(*-2 (+*$(,' % :l\ekX :fii`\ek\ ('(.')**(' Dfk`mf G<I;@;8 8:&('/'' ( d^ 444444 Gfi fi[\e [\c k`klcXi# j\ gifZ\[\i} X cX I<MF:8KFI@8 [\ gX^f gfi1 :_\hl\ Ef% )'*,$ )()' % :l\ekX :fii`\ek\ (,'(+,*0 Dfk`mf G<I;@;8 8:&('/'' ) d^
BANCO RUMIĂ&#x2018;AHUI HL<;8 8ELC8;F K`klcf [\ 8ZZ`Â?e# Eld\if [\ [fZl$ d\ekf1 -'/# MXcfi )'(%--# EfdYi\ [\c Y\e\]`Z`Xi`f f X hl`\e g\ik\e\$ Z\ \c [fZld\ekf1 :FFG<I8K@M8 ;< 8?FIIF P :I<;@KF )0 ;< F:KL9I<# Eld\if [\ Z\[lcX f IL: [\c gifg`\kXi`f [\c [fZld\ekf1 (.0',-.-00''(# <ek`[X[ \d`jfiX 98E:F ><E<I8C ILD@z8?L@ J%8 8:& / d^ 44444444 HL<;8 8ELC8;F K`klcf [\ 8ZZ`Â?e# Eld\if [\ [fZld\ekf1 (0.+/#MXcfi (%,/)#/'#EfdYi\ [\c Y\e\]`Z`Xi`f f X hl`\e g\ik\e\Z\ \c [fZld\e$ kf1 IF;I@>L<Q :ILQ AFI>< >L@CC<IDF# Eld\if [\ Z\[lcX f IL: [\c gifg`\kXi`f [\c [fZld\e$ kf1 '0')''.(((# <ek`[X[ \d`jfiX1 98E:F ><E<I8C ILD@z8?L@ J%8 8:& 0 d^ HL<;8 8ELC8;8 Gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef%/'())),.'' Eif% :XikfcX (.).)0)'(*. [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ( d^ 44444 HL<;8 8ELC8;8 Gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_f$ iifj Ef%/'),*.+('' Eif% :XikfcX (-,/,/*'),- [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ) d^ 44444 HL<;8 8ELC8;F
CITIBANK :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ gfi GÂ&#x201E;i[`[X# hl\[X XelcX[f \c Z_\hl\ Zfe cXj j`^l`\ek\j ZXiXZk\iÂ&#x2C6;jk`$ ZXj1 >`iX[fi1 8:< J<>LIFJ J%8% 2 :l\ekX1 ''(..(.')) :_\hl\ Ef% *'(-,'. =\Z_X [\ \d`j`Â?e (0 ;< 89@IC ;< )'(( :Xek`[X[ )+*#/+ 2 9\e\]`Z`Xi`f1 @JI8<C G8C8;@E<J >L<II<IF Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [Â&#x2C6;Xj gfjk\i`fi\j X \jkX glYc`ZXZ`Â?e% 8:&('.00&( d^
8ELC8:@FE<J M8I@8J GÂ&#x201E;i[`[X Z\ik`]`ZX[f [\ `em\ij`Â?e Ef% G=''(*''(//)(( 8&=&;1 PfcXe[X JljXeX JlXi\q EXiXeaf gfi (%(''# hl\ `e`Z`f (&'+&)'(( p m\eZ`d`\ekf )&',&)'((% 8I&(+0(.&ZZ 444444 :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf )0 [\ FZklYi\ :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf )0 [\ FZklYi\ Ck[X% j\ gfe\ \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf hl\ _\dfj j`[f efk`]`ZX[fj [\ cX gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef% +,'(**(((, X EfdYi\ [\ J\^le[f D\[Xi[f KfeXkf :_Xj`% 8%G%&+0',,&b%d%