
&6-++7ERH786%8832'3
-QTVSTIVXVIEXQIRXSJKIRIVEXSVGERHEQEKIMX
ERHWLSVXIRMXWPMJI
9WIKIRIVEXSVSRP]JSVMRXIRHIHYWIW
-J]SYLEZIUYIWXMSRWEFSYXMRXIRHIHYWIGSRXEGX]SYV
EYXLSVM^IHHIEPIV
3TIVEXIKIRIVEXSVSRP]SRPIZIPWYVJEGIW
%HIUYEXIYRSFWXVYGXIHJPS[SJGSSPMRKERHZIRXMPEXMRKEMV
WGVMXMGEPXSGSVVIGXKIRIVEXSVSTIVEXMSR
8LI3MP*MPP3MP(VEMRERHXLI'SRXVSP4ERIPHSSVWQYWXFI
RWXEPPIH[LIRIZIVXLIYRMXMWVYRRMRK
(3238I\TSWIKIRIVEXSVXSI\GIWWMZIQSMWXYVIHYWX
XLIWEJIHIWMKRSJXLILSQIKIRIVEXSVSTIVEXMRK
IUYMTQIRXMQTVYHIRXP]RIKPIGXMRKMXWQEMRXIRERGISV
IMRKGEVIPIWWGERGEYWITSWWMFPIMRNYV]SVHIEXL
6IQEMREPIVXEXEPPXMQIW[LMPI[SVOMRKSRXLMWIUYMTQIRX
2IZIV[SVOSRXLIIUYMTQIRX[LIR]SYEVITL]WMGEPP]SV
(3238WXEVXIRKMRI[MXLEMVGPIERIVSVEMVGPIERIV
RWIVXER]SFNIGXWXLVSYKLGSSPMRKWPSXW
38YWIXLIKIRIVEXSVSVER]SJMXWTEVXWEWEWXIT
TTMRKSRXLIYRMXGERGEYWIWXVIWWERHFVIEOTEVXW
8LMWQE]VIWYPXMRHERKIVSYWSTIVEXMRKGSRHMXMSRWJVSQ
IEOMRKI\LEYWXKEWIW
YIPPIEOEKISMPPIEOEKIIXG
-JGSRRIGXIHHIZMGIWSZIVLIEXXYVRXLIQSJJERH
HMWGSRRIGXXLIQJVSQKIRIVEXSV
7LYXSJJKIRIVEXSVMJ
IPIGXVMGEPSYXTYXMWPSWX
IUYMTQIRXWTEVOWWQSOIWSVIQMXWJPEQIW
YRMXZMFVEXIWI\GIWWMZIP]
)\GIIHMRKKIRIVEXSVW[EXXEKIEQTIVEKI
GETEGMX]GERHEQEKIKIRIVEXSVERHSVIPIGXVMGEPHIZMGIW
GSRRIGXIHXS
X
XEVXKIRIVEXSVERHPIXIRKMRIWXEFMPM^IFIJSVIGSRRIGXMRK
IPIGXVMGEPPSEHW
;%62-
7XEVXIVERHSXLIVVSXEXMRKTEVXWGER
IRXERKPILERHWLEMVGPSXLMRKS
GGIWWSVMIW
):)6STIVEXIKIRIVEXSV[MXLSYXTVSXIGXMZILSYWMRKW
GSZIVWSVKYEVHWMRTPEGI
(3238[IEVPSSWIGPSXLMRKNI[IPV]SVER]XLMRKXLEXQE]
IGEYKLXMRXLIWXEVXIVSVSXLIVVSXEXMRKTEVXW
MIYTPSRKLEMVERHVIQSZINI[IPV]
&IJSVIWIVZMGMRKVIQSZI%QTJYWIJVSQGSRXVSPTERIP
RHHMWGSRRIGX
IKEXMZ
2)+ SV
'%98-32
-RWXEPPMRKXLI%JYWIGSYPHGEYWIXLI
RKMRIXS
XEVX
3FWIVZIXLEXXLI%QTJYWILEWFIIRVIQSZIHJV
GSRXVSPTERIPJSVWLMTTMRK
(3238MRWXEPPXLMWJYWIYRXMPEPPTPYQFMRKER
IIRGSQTPIXIHERHMRWTIGXIH
%98-
2
)\GIWWMZIP]LMKLSTIVEXMRKWTIIHWMRGVIEWI
VMWOSJMRNYV]ERHHEQEKIXSKIRIVEXSV
)\GIWWMZIP]PS[WTIIHWMQTSWIELIEZ]PSEHSRKIRIVEXSV
(3238XEQTIV[MXLKSZIVRIHWTIIH+IRIVEXSVWYTTPMIW
GSVVIGXVEXIH
VIUYIRG]ERHZSPXEKI[LIRVYRRMRKEX
KSZIVRIHWTIIH
(3238QSHMJ]KIRIVEXSVMRER][E]
;%62-
,E^EVHSYW:SPXEKI'SRXEGX[MXLTS[IV
MRIWGERGEYWIIPIGXVMGWLSGOSVFYVR
MJXMRK,E^EVH,IEZ]3FNIGX'ERGEYWI
YWGPIWXVEMRSVFEGOMRNYV]
JPMJXMRKSVLSMWXMRKIUYMTQIRXMWYWIH(3238GSRXEGX
R]TS[IVPMRIW
(3 238PMJXSVQSZIKIRIVEXSV[MXLSYXEWWMWXERGI
9WIPMJXMRKTMTIWEWHIWGVMFIHMR
LIYRMXQE]WLMJXSRXLIPMJXMRKTMTIWHYVMRKQSZIQIRX
[LMGLGERGEYWIMRNYV]
(3238PMJXYRMXF]VSSJEWHEQEKIXSKIRIVEXSV
[MP
GGYV
GSZI