h diagnostyka, czas wykonania, specyfikacja

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



:SURZDG]HQLH



3RGVWDZRZHLQVWUXNFMHSURJUDPX



3URJUDPRZDQLH67/



&KDUDNWHU\VW\NDXU] G]H



,QVWUXNFMHVSHFMDOQH



8U] G]HQLDGLDJQRVW\F]QH



&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



6SHF\ILNDFMDXU] G]H VWHURZQLND



6\VWHPDGUHVRZDQLDXU] G]H



:VND]yZNLWHFKQLF]QH



,QGHNV

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,

6SLVWUH FL



8U] G]HQLDGLDJQRVW\F]QH



 6WDWXV3/& 00L''



 8U] G]HQLD]HJDUD 00L''



 =QDF]QLNLRSHUDF\MQH



 7U\ESURJUDPRZ\3/& 00L''



 =QDF]QLNL67/ 00L''



 =QDF]QLNLSU]HUZD  00L''



 8U] G]HQLDGHWHNFMLEá GyZ 00L''



 8U] G]HQLDRSHUDFMLá F] F\FK 00L''



 8U] G]HQLDSRPRFQLF]H 00L''



 8U] G]HQLDDGDSWHUDNRPXQLNDF\MQHJRW]Q$'3$'3 00L'' 

 =QDF]QLNLWDEHOLSRUyZQD +6= 00L''



 8U] G]HQLDSRPRFQLF]H 00



 5HMHVWU\LQGHNVRZH 'GR'



 6WHURZDQLHOLF]QLNDJyUDGyá 00L''



 6WHURZDQLHV]\ENLHJROLF]QLND 00L''



 7DEHODNRGyZEá GyZ



background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



8U] G]HQLD

);

 6

);

1

);

);

&

);

1

GLDJQRVW\F]QH

1DVW SXM FHXU] G]HQLDGLDJQRVW\F]QHV Z\NRU]\VW\ZDQHSU]H]VWHURZQLNSURJUDPRZDOQ\GR

Z\ND]DQLD ELH FHJR VWDWXVX SURJUDPRZHJR RUD] GR LGHQW\ILNDFML PR OLZ\FK Eá GyZ ,VWQLHMH

NLONDRGPLDQZDSOLNDFMDFKW\FKXU] G]H ZURG]LQLHVWHURZQLNyZ);NWyUHWRRGPLDQ\E G Z

RGSRZLHGQLFKPLHMVFDFKRPyZLRQH

:HZQ WU]QH XU] G]HQLD GLDJQRVW\F]QH WR ]DUyZQR SU]HND QLNL SRPRFQLF]H 0  MDN L UHMHVWU\

GDQ\FK '  &] VWR VSRW\NDQD MHVW ZVSyá]DOH QR ü PL G]\ XU] G]HQLDPL 0 L ' QS 0

LGHQW\ILNXMH VWDá\ WU\E SU]HELHJX SURJUDPX ]D  UHMHVWU ' ]DZLHUD VWDá  RNUH ODM F

XVWDZLRQ GáXJR üF]DVXSU]HELHJXSURJUDPX

8U] G]HQLDNWyUHQLHV XVWDZLDOQH

” 8U] G]HQLHW\SX0L'R]QDF]RQHÄã´QLHPR HE\üXVWDZLDQHZSURJUDPLHX \WNRZQLND

:SU]\SDGNXXU] G]H W\SX0R]QDF]DWR HFHZNDQLHPR HE\üZ\VWHURZDQDDOHPR QD

RGF]\WDü VWDQ VW\NyZ = NROHL GOD XU] G]H  W\SX ' R]QDF]D WR H QLH PR QD ]DSLV\ZDü

ZDUWR FLZUHMHVWU]HDOHPR QDMHMX \üGRRSHUDFMLSRUyZQD 

8U] G]HQLDXVWDZLDQHGRP\ OQLH

” 8U] G]HQLD R]QDF]RQH ÄE´ SU]\MPXM  GRP\ OQH ZDUWR FL JG\ 3/& SU]HFKRG]L ]H VWDQX

2))QD21

3RGVXPRZDQLHX \W\FKV\PEROL

ã

QLHXVWDZLDOQHSU]H]X \WNRZQLND

E

SU]\MPXM ZDUWR FLGRP\ OQHSRZá F]HQLX]DVLODQLD

E5

SU]\MPXM ZDUWR FLGRP\ OQHWDN HSRSU]HM FLXZVWDQ581

E6

SU]\MPXM ZDUWR FLGRP\ OQHWDN HSRSU]HM FLXZVWDQ6723

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

6WDWXV3/& 00

);

 6

);

1

);

);

&

);

1

L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0 ã

PRQLWRUVWDQX

581VW\N

QRUPDOQLH

RWZDUW\

'

E

WLPHU

ZDWFKGRJD

););

&

PV

);



);

6



);

1

);

1

PV

3DWU]XZDJD

0 ã

PRQLWRUVWDQX

581VW\N

QRUPDOQLH

]ZDUW\

' ã

W\SLZHUVMD3/&

9YY);

 6

);

1

););

&

ZHUVMD9YY
9YY);

1

ZHUVMD9YY

0 ã

LPSXOV

SRF] WNRZ\

VW\NQRUPDOQLH

RWZDUW\

' ã

SRMHPQR ü

SDPL FL

.NURNyZ

.NURNyZ

.NURNyZ

]REDF]WH '

0 ã

LPSXOV

SRF] WNRZ\

VW\NQRUPDOQLH

]ZDUW\

' ã

W\SSDPL FL

+ 5$0

+ (3520

+ ((3520

$+ ((3520 SURW

+ SDPL ü038

0 ã

SRMDZLHQLHVL

Eá GX

21MH OLMHGHQOXEZL FHM

]QDF]QLNyZEá GX]]DNUHVX

0GR0V ZVWDQLH21

' ã

QXPHUEá GX

0““““

]DZDUWR üWHJRUHMHVWUX““““

LGHQW\ILNXMHDNW\ZQ\]QDF]QLNEá GX

W]QMH OL““““ WR0

MHVWZVWDQLH21

0

]DQLVNLH

QDSL FLHEDWHULL

21MH OLQDSL FLHEDWHULLMHVW

QL V]HRGZDUWR FLXVWDZLRQHMZ

'

'

QDSL FLHEDWHULL

1S 9

0

]DWU]DVNEá GX

EDWHULL

]DWU]DVNXMHEá G]DQLVNLHJR

QDSL FLDEDWHULL

'

SR]LRPQLVNLHJR

QDSL FLDEDWHULL

SR]LRPSRQL HMNWyUHJRZ\NU\ZDQH

MHVW]DQLVNLHQDSL FLHEDWHULL

0

FKZLORZ\]DQLN

]DVLODQLD

'

OLF]EDEá GyZ

]DVLODQLD

OLF]EDFKZLORZ\FK]DQLNyZ]DVLODQLD

RGZá F]HQLD]DVLODQLD

0

Eá G]DVLODQLD

Z\VW SLá

]DQLN]DVLODQLD

'

Z\NU\FLH]DQLNX

]DVLODQLD

RNUHVF]DVXSU]HG]DPNQL FLHP

V\VWHPXSRZ\NU\FLX]DQLNX

]DVLODQLD GRP\ OQLHPV

0

QDSL FLH9'&

Z\á F]RQH

]DQLN]DVLODQLD9'&

'

XU] G]HQLH]

Eá GHP]

SRZRGX]DQLNX

]DVLODQLD

QDMQL V]\QXPHUXU] G]HQLD]

Eá GHP]SRZRGX]DQLNX]DVLODQLD

9'&

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

8ZDJD

=DZDUWR üWHJRUHMHVWUXPR HE\ü]PLHQLRQDSU]H]X \WNRZQLND0R OLZDMHVW

]PLDQD]NURNLHPPV$E\]DSHZQLüVWDá\SU]HELHJSURJUDPXZDUWR ü

SRZLQQDE\üZL NV]DRGPDNV\PDOQHJRF]DVXSU]HELHJXSURJUDPX



8ZDJDRJyOQD

*G\X \ZDQ\MHVW]DVLODF]9$&RNUHVZ\NU\ZDQLD]DQLNX]DVLODQLDMHVW

RNUH ORQ\SU]H]ZDUWR üZ'8 \WNRZQLNPR H]PLHQLDüW ZDUWR üZ

]DNUHVLHPV



background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



8U] G]HQLD]HJDUD 0

);

 6

);

1

);

);

&

);

1

0L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

]DUH]HUZRZDQH

' ã

ELH F\F]DVSU]HELHJX

SURJUDPX

ELH F\F\NO

RSHUDF\MQ\F]DV

SU]HELHJXSURJUDPXZ

PV

0 ã

LPSXOV]HJDURZ\

PV

RVF\ODFMHPV

' ã

PLQLPDOQ\F]DV

SU]HELHJXSURJUDPX

PLQLPDOQ\F\NO

RSHUDF\MQ\F]DV

SU]HELHJXSURJUDPXZ

PV

0 ã

LPSXOV]HJDURZ\

PV

RVF\ODFMHPV

' ã

PDNV\PDOQ\F]DV

SU]HELHJXSURJUDPX

PDNV\PDOQ\F\NO

RSHUDF\MQ\F]DV

SU]HELHJXSURJUDPXZ

PV

0 ã

LPSXOV]HJDURZ\

V

RVF\ODFMHV

0 ã

LPSXOV]HJDURZ\

PLQ

RVF\ODFMHPLQ

1DVW SXM FHXU] G]HQLDGRW\F] VWHURZQLND);

1

L);

1

);L);

&

JG\MHVW]DLQVWDORZDQDNDVHWD]HJDUDF]DVXU]HF]\ZLVWHJR

'

VHNXQG\

GDQHVHNXQGX \ZDQH]

NDVHW 57& 
GOD);

 6

);

1

SDWU]

XZDJD

'

PLQXW\

GDQHPLQXWX \ZDQH]

NDVHW 57& 

0

XVWDZLDQLHF]DVX

JG\21]DWU]\PDQLH

]HJDUD

21Á2))UHVWDUW

]HJDUD

'

JRG]LQ\

GDQHJRG]LQX \ZDQH]

NDVHW 57& 

0

UHMHVWU

JG\21UHMHVWU\'

GR'V

]DPUR RQHDOH]HJDU

SUDFXMH

'

GQL

GDQHGQLDX \ZDQH]

NDVHW 57& 

0

]DRNU JOHQLHPLQXW

SRLPSXOVLH21XVWDZLD

57&QDQDVW SQ

PLQXW

'

PLHVL FH

GDQHPLHVL FDX \ZDQH

]NDVHW 57& 

0 ã

GRVW SQR ü57&

JG\21]HJDUF]DVX

U]HF]\ZLVWHJRMHVW

]DLQVWDORZDQ\

'

ODWD

GDQHURNXX \ZDQH]

NDVHW 57& 

0

Eá GXVWDZLHQLD

GDQH]HJDUDXVWDZLRQH

SR]D]DNUHVHP

'

G]LH W\JRGQLD

GDQHGQLDW\JRGQLD

X \ZDQH]NDVHW 57&



2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

8ZDJD

” 'ODVWHURZQLNyZ);



);

6

LVWHURZQLNyZ);

1

QLHZ\SRVD RQ\FK]57&UHMHVWU'UHSUH]HQWXMHZDUWR ü

RGF]\WDQ ZSLHUZV]HJRSRWHQFMRPHWUX]]DNUHVXZPV

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

=QDF]QLNLRSHUDF\MQH

);

 6

);

1

);

);

&

);

1

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0 ã

=HUR

21JG\Z\QLNLHP

LQVWUXNFML$'' )1&

OXE68% )1& MHVW

'
W\ONR);



);

6

);

1

XVWDZLHQLHILOWUyZ

ZHM FLRZ\FKGOD;GR

;GRP\ OQLHPV



0 ã

3R \F]ND

21JG\Z\QLNLQVWUXNFML

68% )1& MHVW

PQLHMV]\RGQDMPQLHMV]HM

OLF]E\XMHPQHM

'
W\ONR);

1

XVWDZLHQLHILOWUyZ

ZHM FLRZ\FKGOD;GR

;GRP\ OQLHPV



0 ã

3U]HQLHVLHQLH

21JG\ZZ\QLNX

LQVWUXNFML$'' )1&

SRMDZLDVL SU]HQLHVLHQLH

OXESRZVWDáQDGPLDUZ

Z\QLNXRSHUDFML

SU]HVXZDQLD

'
W\ONR);



);

6

XVWDZLHQLHILOWUyZ

ZHM FLRZ\FKGOD;GR

;GRP\ OQLHPV



0 ã

2SHUDFMD

]PLHQQRSU]HFLQ

NRZD
W\ONR);

&

JG\21GRVW SQHV

RSHUDFMH

]PLHQQRSU]HFLQNRZH

=QDF]QLNMHVWX \ZDQ\

SU]H]LQVWUXNFMH%&'

%,1$''68%08/

',9645L)/7

0

]DUH]HUZRZDQH

0

QLHGRW\F]\
);

 6

);

1

JG\21LQVWUXNFMH+6&

)1& V

Z\NRQ\ZDQHQDZHWJG\

]HZQ WU]QHZHM FLD

]HUXM FH+6&V DNW\ZQH

0 QLHGRW\F]\
);

 6

);

1

WU\EKROGLQVWUXNFML

5$03 )1&

0 QLHGRW\F]\
);

 6

);

1

HOHPHQWRZ\FL J

GDQ\FKLQVWUXNFML35 )1&



''

]DUH]HUZRZDQH

0

);

 6

);

1

]PLDQD

WLPHUyZ7GR7QD

PV
););

&

);

1



RGEORNRZDQLHSU]HUZD

SRGF]DVLQVWUXNFML

)52072

' ã

ELH FDZDUWR üUHMHVWUX

LQGHNVRZHJR=

0 ã

21SR]DNR F]HQLX

G]LDáDQLDLQVWUXNFML'6:

)1& 5$03 )1&

 LWG

' ã

ELH FDZDUWR üUHMHVWUX

LQGHNVRZHJR9

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

8ZDJDGRW\F] FDILOWUyZZHM FLRZ\FK

” 8VWDZLHQLDILOWUyZZHM FLRZ\FKGRW\F] W\FK038NWyUHZ\NRU]\VWXM ZHM FLD9'&)LOWU\

$&QLHV XVWDZLDOQH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



7U\ESURJUDPRZ\3/&

);

 6

);

1

);

);

&

);

1

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

E

/('EDWHULL

Z\á F]RQD

QDSL FLHEDWHULLMHVW]D

QLVNLHDOH/('EDWHULLQLH

ZLHFL

' ã
W\ONR);

1

ZDUWR üRGF]\WDQD]

SLHUZV]HJRSRWHQFMRPHWUXZ

PV 

0

E

]HURZDQLHSDPL FL

QLH]DWU]DVNRZ\FK

'
QLH);

 6

);

1

7HQUHMHVWUMHVWX \ZDQ\MDNR

XU] G]HQLH]DSDPL WXM FH

JG\UHMHVWU\=OXE9]RVWDá\

Z\EUDQHMDNRSU]H]QDF]HQLH

GODLQVWUXNFML63' )1&

0

E

]HURZDQLHSDPL FL

]DWU]DVNRZ\FK

8VWDZLHQLDELH FHJR

XU] G]HQLDV ]HURZDQH

SU]\QDVW SQ\P(1'W]Q

VW\NLFHZNLLELH FH

ZDUWR FLGDQ\FKGOD

XU] G]H RGSRZLHGQLR<

067&L'8U] G]HQLD

VSHFMDOQHNWyUHPDM

XVWDZLHQLDGRP\ OQHV

XVWDZLDQHQDWHZDUWR FL

' ã
W\ONR);

1

ZDUWR üRGF]\WDQD]GUXJLHJR

SRWHQFMRPHWUXZPV 

0

E

]DFKRZDQLH

SDPL FLZWU\ELH

µVWRS¶

6WDWXV\XU] G]H L

XVWDZLHQLDV

]DFKRZ\ZDQHJG\3/&

SU]HFKRG]L]HVWDQX581

GR6723L]QyZQD581

0

]DEORNRZDQLH

ZV]\VWNLFKZ\M ü

ZV]\VWNLHIL]\F]QHZ\M FLD

V ]DEORNRZDQHMHGQDN

SURJUDPG]LDáDQRUPDOQLHL

Z\ND]XMHVWDQ\Z\M üW\ONR

SRSU]H]/('\Z\M FLRZH

0

E6

WU\ERSHUDFML

Z\PXV]RQHM
0

E6

Z\PXV]HQLH

V\JQDáX581
0

E6

Z\PXV]HQLH

V\JQDáX6723

3RSU]H]X \FLHWU\EX

RSHUDFMLZ\PXV]RQHMW]Q

0ZVWDQLH21

PR OLZHMHVWZ\NRQDQLH

RSHUDFML]GDOQHJROXE

LPSXOVRZHJR5816723

3U]\NáDGZUR]G]LDOH

0

E

]HURZDQLH

UHMHVWUyZ

SOLNRZ\FK5$0
W\ONR);

&

8 \ZDQHGR]HURZDQLD

]DZDUWR FLUHMHVWUyZ

SOLNRZ\FK5$0

''

]DUH]HUZRZDQH

0

E

WU\EVWDáHJR

SU]HELHJX

*G\MHVWZVWDQLH21

SURJUDPMHVWZ\NRQ\ZDQ\

]HVWDá\PF]DVHP

SU]HELHJX5y QLFD

SRPL G]\ELH F\P

NR FHPRSHUDFMLD

XVWDZLRQ\PF]DVHP

SU]HELHJXMHVWZ\SHáQLDQLD

ÄSU]HUZ ´

'

E

VWDáDSU]HELHJX

SURJUDPX

:W\PUHMHVWU]HX \WNRZQLN

PR H]GHILQLRZDüF]DV

SU]HELHJXSURJUDPX]

UR]G]LHOF]R FL PV

'RP\ OQDZDUWR üUHMHVWUX

XVWDZLDQDSRGF]DVZá F]DQLD

]DVLODQLDZ\QRVL

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

=QDF]QLNL67/

);

 6

);

1

);

);

&

);

1

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

E

EORNDGDWUDQVIHUX

67/

*G\MHVWZVWDQLH21

]DEORNRZDQ\MHVWWUDQVIHU

67/

' ã QDMQL V]\

DNW\ZQ\NURN67/

0

E

6

VWDUWWUDQVIHUX

*G\MHVWZVWDQLH21

WUDQVIHU67/MHVW

DXWRPDW\F]QLH

RGEORNRZDQ\

' ã GUXJL

DNW\ZQ\VWDQ67/

0

E

VWDUWLPSXOVX

ZRGSRZLHG]LQDV\JQDá

ZHM FLRZ\JHQHURZDQ\MHVW

LPSXOVZ\M FLRZ\ SDWU]

LQVWUXNFMD,67 )1&

' ã WU]HFL

DNW\ZQ\VWDQ67/

0

E6

SRZUyWGR]HUD

]DNR F]RQ\

21SRGF]DVRVWDWQLHJR

VWDQXWU\EX=(525(7851

SDWU]LQVWUXNFMD,67 )1&



' ã F]ZDUW\

DNW\ZQ\VWDQ67/

0

E

6

ZDUXQHNSXQNWX

]HURZHJR

21JG\Z\NU\WR]HUR

PDV]\QRZH SDWU]

LQVWUXNFMD,67 )1&

' ã SL W\

DNW\ZQ\VWDQ67/

0

E

EORNDGD]HURZDQLD

Z\M ü

EORNXMHIXQNFMH]HURZDQLD

ZV]\VWNLFKZ\M üJG\

]PLHQLDQ\MHVWWU\ERSHUDFML

SDWU]LQVWUXNFMD,67 )1&



' ã V]yVW\

DNW\ZQ\VWDQ67/

0 ã

DNW\ZQ\VWDQ67/

21JG\Zá F]RQHMHVW

PRQLWRURZDQLH67/LVWDQ

67/MHVWDNW\ZQ\

' ã VLyGP\

DNW\ZQ\VWDQ67/

0

E

Zá F]HQLH

PRQLWRURZDQLD

67/

*G\21'GR'

V RGEORNRZDQHGR

PRQLWRURZDQLDDNW\ZQ\FK

NURNyZ67/

' ã yVP\

DNW\ZQ\VWDQ67/

$NW\ZQHVWDQ\67/ GR

]]DNUHVX6GR6V

SU]HFKRZ\ZDQHZ'

GR'ZSRU] GNX

QDUDVWDM F\P

DNWXDOL]RZDQHSRGF]DV

(1'

0 ã

DQQXQFLDWRU21
1LHGOD);

 6



);

1

21JG\PRQLWRURZDQLH

DQQXQFLDWRUDMHVW

RGEORNRZDQHL]QDF]QLN

DQQXQFLDWRUDMHVWDNW\ZQ\

'

]DUH]HUZRZDQ\

0

E

Zá F]HQLH

PRQLWRURZDQLD

DQQXQFLDWRU 1LH
GOD);

 6

);

1

*G\21UHMHVWU'MHVW

Z\]QDF]RQ\GR

PRQLWRURZDQLDVWDQX

DNW\ZQHJRDQQXQFLDWRUD

' ã QDMQL V]\

DNW\ZQ\DQQXQFLDWRU
1LHGOD);

 6

);

1

3U]HFKRZXMHQDMQL V]\

DNW\ZQ\DQQXQFLDWRU]

]DNUHVX6GR6

DNWXDOL]RZDQ\SRGF]DV

(1'

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

8ZDJDRJyOQD:V]\VWNLHVWDQ\67/V DNWXDOL]RZDQHSRGF]DVG]LDáDQLDLQVWUXNFML(1'

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



=QDF]QLNLSU]HUZD

);

 6

);

1

);

);

&

);

1

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

E

EORNDGD,q
0

E

EORNDGD,q
0

E

EORNDGD,q

''

=DUH]HUZRZDQH

0

E

EORNDGD,q

3RGF]DVZ\NRQDQLD

LQVWUXNFML(, )1&

ZV]\VWNLHSU]HUZDQLDV

RGEORNRZDQHFK\ED H

Z\V]F]HJyOQLRQ\RERN

]QDF]QLN0MHVWZVWDQLH

21:WDNLPSU]\SDGNX

SU]HUZDQLHMHVW

]DPDVNRZDQHW]QQLH

E G]LHG]LDáDü

1DOH \]DXZD \ü H

qqRSLVXMHZV]\VWNLH

W\S\WHJRSU]HUZDQLD

'RW\F]\W\ONRVWHURZQLNyZ););

&



);

1

'RW\F]\W\ONRVWHURZQLNyZ);



);

6

L);

1

0

E

EORNDGD,q

0

=DUH]HUZRZDQH

0

E

EORNDGD,q

0

=DUH]HUZRZDQH

0

E

EORNDGD,q

0

E

SU]HFKZ\FHQLHLPSXOVX

;

0

E

EORNDGD,qq

0

E

SU]HFKZ\FHQLHLPSXOVX

;

0

E

EORNDGD,qq

0

E

SU]HFKZ\FHQLHLPSXOVX

;

0

E

EORNDGD,GR

,MDNR

SRMHG\QF]HMJUXS\
W\ONR);

&

L

);

1

3RGF]DVZ\NRQDQLD

LQVWUXNFML(, )1&

ZV]\VWNLHSU]HUZDQLDV

RGEORNRZDQHFK\ED H

Z\V]F]HJyOQLRQ\RERN

]QDF]QLN0MHVWZVWDQLH

21:WDNLPSU]\SDGNX

SU]HUZDQLHMHVW

]DPDVNRZDQHW]QQLH

E G]LHG]LDáDü

1DOH \]DXZD \ü H

qqRSLVXMHZV]\VWNLH

W\S\WHJRSU]HUZDQLD

0

E

SU]HFKZ\FHQLHLPSXOVX

;

*G\]RVWDQLHRGHEUDQH

QDUDVWDM FH]ERF]H

LPSXOVXQDZHM FLX]

]DNUHVX;GR;0

SU]\SRU] GNRZDQ\GR

Z\V]F]HJyOQLRQHJR

XU] G]HQLD]QDF]QLN0

MHVWXVWDZLDQ\ZVWDQ

211DVW SQH

SRMDZLHQLHVL LPSXOVX

SRQRZQLHXVWDZLD

]QDF]QLNZVWDQ21SR

XSU]HGQLPZ\]HURZDQLX

JRZSURJUDPLH

X \WNRZQLND6W G

V]\ENLHLPSXOV\

ZHM FLRZHV

Z\FKZ\W\ZDQHL

]DSDPL W\ZDQH

2SHUDFMDG]LDáD

QLH]DOH QLHRGLQVWUXNFML

(, )1& L', )1&

 ']LDáDQLHGOD);
);

&

L);

1

RSLVDQRQD

VWURQLH

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

8U] G]HQLDGHWHNFMLEá GyZ

);

 6

);

1

);

);

&

);

1

00L''

']LDáDQLH

8U] G]HQLH

GLDJQRVW\F]QH

:\NU\ZDQLH

/('

6WDWXV

3/&

8U] G]HQLH

GLDJQRVW\F]QH

']LDáDQLH

0 ã

Eá GNRQILJXUDFML

,2

QLHGRW\F]\

);

 6

);

1

Z\á

581

' ã

QLHGRW\F]\);

 6



);

1

1XPHUSLHUZV]HJR,2

MHGQRVWNLOXEEORNX

NWyUDVSRZRGRZDáDEá G

±SDWU]XZDJD

0 ã

Eá GVSU] WRZ\

3/&

SRGF]DVVWDQX

581

Eá\VND

6723

' ã

.RGEá GXVSU] WRZHJR

±]REDF]WDN H

RGSRZLHGQLGOD3/&

SRGU F]QLN

0 ã

Eá GNRPXQLNDFML

3&/+33

SRGF]DV

RGELHUDQLD

V\JQDáX]+33

' ã

QLHGRW\F]\);

 6



);

1

.RGEá GXNRPXQLNDFML±

]REDF]RGSRZLHGQL

WDEOLF Eá GyZ

0 ã

E5

Eá Gá F]D

UyZQROHJáHJR$'3

SRGF]DV

RGELHUDQLD

V\JQDáX]

SRá F]RQHM

VWDFML

Z\á

581

' ã 

E

5

QLHGRW\F]\);

 6



);

1

.RGEá GXSRá F]HQLD

UyZQROHJáHJR±]REDF]

SRGU F]QLNLGHQW\ILNDFM

Eá GyZNRPXQLNDFML

$'3SRGU F]QLN

X \WNRZQLND);3&

,)

0 ã

Eá GSDUDPHWUX

' ã

.RGEá GXSDUDPHWUX±

]REDF]RGSRZLHGQL

WDEHO NRGyZEá GyZ

0 ã

Eá GV\QWDNW\F]Q\

' ã

.RGEá GX

V\QWDNW\F]QHJR±

]REDF]RGSRZLHGQL

WDEHO Eá GyZ

0 ã

Eá GSURJUDPX

3RGF]DV

]PLDQ\

SURJUDPX 3/&

ZVWDQLH

6723 L

SRGF]DV

SU]HQRV]HQLD

SURJUDPX 3/&

ZVWDQLH

6723

Eá\VND

6723

' ã

.RGEá GXSURJUDPX±

]REDF]RGSRZLHGQL

WDEHO Eá GyZ

0 ã 

E5

Eá GLQVWUXNFML

' ã

E

5

.RGEá GXLQVWUXNFML

0

]DWU]DVNEá GX

RSHUDFML

SRGF]DVVWDQX

581

Z\á

581

' ã

=DWU]D QL W\QXPHU

NURNXEá GXRSHUDFML

0

E

Eá GPDJLVWUDOL,2

QLHGRW\F]\

);

 6

);

1

SDWU]XZDJD





' ã 

E

5

1XPHU\NURNyZGOD

]QDOH]LRQ\FKEá GyZ

RGSRZLDGDM F\P

]QDF]QLNRP

0GR0

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

8ZDJLGRW\F] FHWHMWDEHOL]QDMGXM VL QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



8ZDJD

-H HOLMHGQRVWNDOXEEORNRGSRZLDGDM F\

]DSURJUDPRZDQHPXQXPHURZL,2QLHMHVWGRá F]RQ\

]QDF]QLN0MHVWXVWDZLRQ\ZVWDQ21DQXPHU

SLHUZV]HJRXU] G]HQLDEá GQHJREORNXMHVW]DSLV\ZDQ\Z'

8ZDJD

” .RQWURODVWDQXPDJLVWUDOL,2MHVWZ\NRQ\ZDQDJG\0MHVWZVWDQLH21-H HOLSRMDZL

VL Eá GGRUHMHVWUX'ZSLV\ZDQ\MHVWNRGEá GXOXED]QDF]QLN0MHVW

XVWDZLDQ\ZVWDQ21

8ZDJDRJyOQD

” 6NUyW+33R]QDF]DSRGU F]Q\SDQHOSURJUDPXM F\ +DQG\3URJUDPPLQJ3DQHO

8U] G]HQLDRSHUDFMLá F] F\FK

);

 6

);

1

);

);

&

);

1

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

E

5

$NW\ZRZDQ\JG\3/&

MHVWVWDFM 0DVWHUZ

SRá F]HQLX

UyZQROHJá\P

' ã

&]DVZDWFKGRJDGOD

SRá F]HQLDUyZQROHJáHJR

PV

0

E

5

$NW\ZRZDQ\JG\3/&

MHVWVWDFM 6ODYHZ

SRá F]HQLX

UyZQROHJá\P

0 ã

21JG\3/&MHVW

DNW\ZQ\ZSRá F]HQLX

UyZQROHJá\P

0 ã

21JG\00

V QLHSUDZLGáRZR

XVWDZLRQHSRGF]DV

RSHUDFMLSRá F]HQLD

UyZQROHJáHJR

0 7\ONR);

&

$NW\ZL]DFMDUHMHVWUyZ

SOLNRZ\FK5$0

00

=DUH]HUZRZDQH

''

=DUH]HUZRZDQH

0

E

2SHUDFMDV]\ENLHJR

WLPHUD

'

7LPHUF\NOLF]Q\]DNUHV

ZMHGQRVWNDFK

PV X \ZDQ\SRGF]DV

SRPLDUXF]DVXWUZDQLD

LPSXOVyZZHM FLRZ\FK

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

8U] G]HQLDSRPRFQLF]H

);

 6

);

1

);

);

&

);

1

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

' ã

SRMHPQR üSDPL FL

.NURNyZ

.NURNyZ

.NURNyZ

.NURNyZ

0 ã

Eá GRG ZLH DQLDZ\M FLD

' ã

QXPHUXU] G]HQLDJG]LH

Z\VW SLáEá GRG ZLH DQLD

Z\M FLDLWG

8U] G]HQLDDGDSWHUD

);

 6

);

1

);

);

&

);

1

NRPXQLNDF\MQHJRW]Q$'3

$'3

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

]QDF]QLNEDFNXSGODVLHFL
±W\ONR);

1

'

IRUPDWNRPXQLNDFML

0 

E

5

56±RSy QLHQLH

WUDQVPLVMLGDQ\FK

'

QXPHUORNDOQ\VWDFMLGOD

VLHFL

0

E

5

56±]QDF]QLNWUDQVPLVML

GDQ\FK

' ã 

E

5

56±LOR üGDQ\FK

SR]RVWDá\FKGRWUDQVPLVML

0

E

5

]DNR F]RQRRGELHUDQLH

GDQ\FK

' ã 

E

5

56±LOR üGDQ\FKMX

RGHEUDQ\FK

0 W\ONR););

&

56±]QDF]QLNGHWHNFML

QR QHM

'

56±]QDNQDJáyZND

GDQ\FKGRP\ OQLH67;

+

0

]DUH]HUZRZDQH

'

$'3±]QDNNR FD

GDQ\FKGRP\ OQLH(7;

+

0

56±]QDF]QLN

JOREDOQ\

'

]DUH]HUZRZDQH

0

562Q'HPDQG

]QDF]QLNSRWZLHUG]HQLD

'

562Q'HPDQG

UHMHVWUQDJáyZND

0

56±2Q'HPDQG

]QDF]QLNEá GX

'

56±2Q'HPDQG

UHMHVWUGáXJR FLGDQ\FK

0

56±2Q'HPDQG

]QDF]QLNEDMWVáRZR

21 EDMW2)) VáRZR

'

ZDUWR üÄWLPHRXW´VLHFL

56

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



=QDF]QLNLWDEHOLSRUyZQD

);

 6

);

1

);

);

&

);

1

+6=

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

Z\ELHUDWDEHOHSRUyZQD

GRX \FLD]LQVWUXNFM

+6=

'

ã

E

]DZLHUDQXPHUELH FHJR

UHNRUGXSU]HWZDU]DQHJR

ZWDEHOL+6=

0

ã



E

ZVND]XMHNLHG\WDEHOD

+6=MHVWSU]HWZDU]DQD

'

ã



E

]DZLHUDQXPHUELH FHJR

UHNRUGXSU]HWZDU]DQHJR

ZWDEHOL+6=JG\

RGEORNRZDQDMHVW

RSHUDFMD3/6<

0

Z\ELHUDX \FLHLQVWUXNFML

3/6<]WDEHO +6=

'

ã



E

]DZLHUDZDUWR ü

F] VWRWOLZR FLLPSXOVyZ

Z\M FLRZ\FKGODLQVWUXNFML

3/6<

0

ã



E

ZVND]XMHNLHG\WDEHOD

+6= ]LQVWUXNFMD3/6<

MHVWSU]HWZDU]DQD

'

]DUH]HUZRZDQH

''

ã



E

]DZLHUDNRSL ZDUWR FL

ELH FHJRSRUyZQDQLD

JG\X \WDMHVWWDEHOD+6=

]LQVWUXNFM 3/6<'DQD

GRVW SQDW\ONRZ

IRUPDFLHELWRZ\P

00

]DUH]HUZRZDQH

''

ã



E

]DZLHUDFDáNRZLW OLF]E

LPSXOVyZ

Z\JHQHURZDQ\FKQD

Z\M FLX<SU]H]

LQVWUXNFM 3/6<OXE

3/65'DQDGRVW SQD

W\ONRZIRUPDFLH

ELWRZ\P

'

'

]DUH]HUZRZDQH

''

ã



E

W\ONR);

1

]DZLHUDFDáNRZLW OLF]E

LPSXOVyZ

Z\JHQHURZDQ\FKQD

Z\M FLX<SU]H]

LQVWUXNFM 3/6<OXE

3/65'DQDGRVW SQD

W\ONRZIRUPDFLH

ELWRZ\P

''

ã



E

W\ONR);

1

]DZLHUDFDáNRZLW OLF]E

LPSXOVyZ

Z\JHQHURZDQ\FKQD

Z\M FLX<SU]H]

LQVWUXNFM 3/6<OXE

3/65'DQDGRVW SQD

W\ONRZIRUPDFLH

ELWRZ\P

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

8U] G]HQLDSRPRFQLF]H

);

 6

);

1

);

);

&

);

1

00

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0

Z\EyURSHUDFML;&+GR]DPLDQ\

EDMWyZZSRMHG\QF]\PVáRZLH

GDQ\FK

0

]DUH]HUZRZDQH

0

Z\EyUELWRZ\FKRSHUDFMLGOD

LQVWUXNFMLVSHFMDOQ\FK$6&56

$6&,+(;&&'

0

,

0

WU\EV]\ENLGODLQVWUXNFML3581

VáRZDGDQ\FKW\ONRRGF]\W

0

,

00

]DUH]HUZRZDQH

0

,

0

Z\ELHUDWU\EV]HVQDVWNRZ\GOD

LQVWUXNFML+.<

0

,

0

Z\ELHUDWU\E%&'GODLQVWUXNFML

6029

0

,

0

]DUH]HUZRZDQH

0

,

7H]QDF]QLNLPRJ E\ü

ZSURZDG]RQHGRLQVWUXNFML+6&6

)1& L+6&5 )1&

]DPLDVWSU]\SRU] GNRZDQ\FK

HW\NLHWSU]HUZD JG\X \ZDQH

MHVWVWDUV]HRSURJUDPRZDQLHOXE

SRGU F]QHSURJUDPDWRU\

:L FHMV]F]HJyáyZZH

Ä:SURZDG]HQLX´GRWHJR

SRGU F]QLND

0

E

5

SU]HFKZ\FHQLH

LPSXOVX;

00

]DUH]HUZRZDQH

0

E

5

SU]HFKZ\FHQLH

LPSXOVX;

0

029 645

0

E

5

SU]HFKZ\FHQLH

LPSXOVX;

0

029 )/7

0

E

5

SU]HFKZ\FHQLH

LPSXOVX;

0

6029 6257

0

E

5

SU]HFKZ\FHQLH

LPSXOVX;

0

5$03 6(5

0

E

5

SU]HFKZ\FHQLH

LPSXOVX;

JG\]RVWDQLHRGHEUDQHQDUDVWDM FH

]ERF]HLPSXOVXQDZHM FLX;;

SU]\SRU] GNRZDQ\GRQLHJR

]QDF]QLN0MHVWXVWDZLDQ\ZVWDQ

213RZ\]HURZDQLX]QDF]QLND

SU]H]SURJUDPMHVWRQXVWDZLDQ\Z

VWDQ21SU]\QDVW SQ\P

SRMDZLHQLXVL LPSXOVX6W G

PR OLZR üZ\FKZ\W\ZDQLD

V]\ENLFKLPSXOVyZ7DRSHUDFMD

Z\PDJDDNW\ZQHMLQVWUXNFML(,

)1& :L FHMV]F]HJyáyZQD

VWURQLH

0

5$03 56
0

)029 &&'

0

)029 $6&,,

0

)029 +(;

7H]QDF]QLNLPRJ PRG\ILNRZDü

LQVWUXNFMHSRND]DQHZQDZLDVDFK

MDNRµ“““¶DE\Z\NRQ\ZDá\

LQVWUXNFMHSRND]DQHMDNRµ “““¶

3R]ZDODWRQDGRVW SGRLQVWUXNFML

SU]HGVWDZLRQ\FKZZHUVMDFK&38
LMHGQRVWNDFK);

&

SU]\

SRPRF\VWDUV]HJR

RSURJUDPRZDQLDOXESRGU F]Q\FK

SURJUDPDWRUyZ

:L FHMV]F]HJyáyZZH

Ä:SURZDG]HQLX´GRWHJR

SRGU F]QLND

0

JG\21RGZUDFDRSHUDFM

XU] G]H  UyGáRZ\FKLGRFHORZ\FK

VSHF\ILNRZDQ\FKZLQVWUXNFML

:L FHMV]F]HJyáyZZH

Ä:SURZDG]HQLX´GRWHJR

SRGU F]QLND

00

]DUH]HUZRZDQH

0

]DUH]HUZRZDQH

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



5HMHVWU\LQGHNVRZH

);

 6

);

1

);

);

&

);

1

'GR'

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

'

ã

'

ã

UHMHVWULQGHNVRZ\=

'

ã

]DUH]HUZRZDQH

'

ã

UHMHVWULQGHNVRZ\9

'

ã

UHMHVWULQGHNVRZ\=

'

ã

UHMHVWULQGHNVRZ\=

'

ã

UHMHVWULQGHNVRZ\9

'

ã

UHMHVWULQGHNVRZ\9

'

ã

UHMHVWULQGHNVRZ\=

'

ã

UHMHVWULQGHNVRZ\=

'

ã

UHMHVWULQGHNVRZ\9

'

ã

UHMHVWULQGHNVRZ\9

'

ã

UHMHVWULQGHNVRZ\=

'

ã

'

ã

UHMHVWULQGHNVRZ\9

'

ã

'

ã

UHMHVWULQGHNVRZ\=

'

ã

'

ã

UHMHVWULQGHNVRZ\9

'

ã

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

6WHURZDQLHOLF]QLND

);

 6

);

1

);

);

&

);

1

JyUDGyá

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0±

0

E

JG\0“““MHVWDNW\ZQ\OLF]QLN

&“““SUDFXMHMDNROLF]QLN

RGHMPXM F\*G\0“““QLHMHVW

DNW\ZQ\OLF]QLN&“““SUDFXMH

MDNROLF]QLNGRGDM F\

''

]DUH]HUZRZDQH

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

6WHURZDQLHV]\ENLHJR

);

 6

);

1

);

);

&

);

1

OLF]QLND

00L''

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

8U] G]HQLH

GLDJQRVW\F]QH

2SHUDFMD

0±

0

E

JG\0“““MHVWDNW\ZQ\

ID]RZ\V]\ENLOLF]QLN&“““

SUDFXMHMDNROLF]QLNRGHMPXM F\

*G\0“““QLHMHVWDNW\ZQ\

OLF]QLN&“““SUDFXMHMDNROLF]QLN

GRGDM F\

'RVW SQR üOLF]QLNyZ]DOH \RG

W\SX3/&

''

]DUH]HUZRZDQH

0±

0

ã



E

JG\0“““MHVWDNW\ZQ\

ID]RZ\V]\ENLOLF]QLN&“““

SUDFXMHMDNROLF]QLNRGHMPXM F\

*G\0“““QLHMHVWDNW\ZQ\

OLF]QLN&“““SUDFXMHMDNROLF]QLN

GRGDM F\

'RVW SQR üOLF]QLNyZ]DOH \RG

W\SX3/&

2EMD QLHQLHX \W\FKV\PEROLQDVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



7DEHODNRGyZEá GyZ

);

 6

);

1

);

);

&

);

1

8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



Eá G5$0



Eá GRSHUDFMLXNáDGX



Eá GPDJLVWUDOL,2 0 21



Eá GMHGQRVWNLUR]V]HU]DM FHM9

0 21

VSUDZG]LüSRá F]HQLHSRPL G]\

XU] G]HQLHPSURJUDPXM F\PD

3/&

'

%á GVSU] WRZ\

3/&



Eá GWLPHUDZDWFKGRJD

F]DVZ\NRQDQLDSURJUDPX

SU]HNURF]\áZDUWR üXVWDZLRQ

Z'

8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



Eá GSDU]\VWR FLSU]HSHáQLHQLDUDPNL



Eá G]QDNXNRPXQLNDFML



Eá GVXP\NRQWUROQHM



Eá GIRUPDWXGDQ\FK

'

%á G

NRPXQLNDFML

3/&+33



Eá GNRPHQG\

VSUDZG]LüSRá F]HQLHSRPL G]\

XU] G]HQLHPSURJUDPXM F\PD

3/&

8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



Eá GSDU]\VWR FLSU]HSHáQLHQLDUDPNL



Eá G]QDNXNRPXQLNDFML



Eá GVXP\NRQWUROQHM



Eá GIRUPDWXGDQ\FK



Eá GNRPHQG\

6LHüRWU]\PDQDNRPHQGDMHVWLQQDQL

*:JG\QXPHUVWDFMLE\á))



Eá GWLPHUDZDWFKGRJD



Eá G]QDNXSRá F]HQLDUyZQROHJáHJR



Eá GVXP\NRQWUROQHMSRá F]HQLDUyZQROHJáHJR

'

%á G

NRPXQLNDFML

V]HUHJRZHM



Eá GIRUPDWXGDQ\FKSRá F]HQLDUyZQROHJáHJR

VSUDZG]Lü]DVLODQLHLSRá F]HQLD

8ZDJDGRW\F] FDVLHFL

SRQLHZD WHEá G\QLHV

WUDQVPLWRZDQHSU]H]VLHü

PXV] E\üPRQLWRURZDQHSU]H]

MHGQRVWN 0DVWHU

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



Eá GVXP\NRQWUROQHMSURJUDPX



Eá GXVWDZLHQLDSRMHPQR FLSDPL FL



Eá GXVWDZLHQLDREV]DUXXU] G]H

]DWU]DVNRZ\FK



Eá GXVWDZLHQLDREV]DUXNRPHQWDU]D



Eá GXVWDZLHQLDREV]DUXUHMHVWUyZSOLNRZ\FK



]DUH]HUZRZDQH

'

%á G

SDUDPHWUX



LQQ\Eá GXVWDZLH

]DWU]\PDü3/&Z\EUDüWU\E

SDUDPHWUyZZSURZDG]Lü

SUDZLGáRZHGDQH

8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



QLHSUDZLGáRZDLQVWUXNFMDV\PERO

XU] G]HQLDNRPELQDFMDQXPHUXXU] G]HQLD



EUDNFHZNLWLPHUDOXEOLF]QLNDSU]HGXVWDZLHQLHP

ZDUWR FL



  %UDNXVWDZLHQLDZDUWR FLSRSU]HG]DM FHM

FHZN WLPHUDOXEOLF]QLND

  ]DGX RDUJXPHQWyZLQVWUXNFMLVSHFMDOQHM



  GZXNURWQHX \FLHWHMVDPHMHW\NLHW\

  GZXNURWQHX \FLHWHJRVDPHJRZHM FLD

SU]HUZDQLDOXEZHM FLDV]\ENLHJROLF]QLND



QXPHUZHM FLDSR]DGR]ZRORQ\P]DNUHVHP



QLHSUDZLGáRZDLQVWUXNFMDVSHFMDOQD



QLHSUDZLGáRZHSU]\SLVDQLHHW\NLHW\3



QLHSUDZLGáRZHSU]\SLVDQLHHW\NLHW\,



LQQ\Eá G



Eá G]DJQLH G HQLD

'

%á G

V\QWDNW\F]Q\



QDáR HQLHVL SU]\SLVDQLDZHM üSU]HUZDQLDL

V]\ENLHJROLF]QLND

3RGF]DVSURJUDPRZDQLDND GD

LQVWUXNFMDMHVWVSUDZG]DQDZ

PRPHQFLHMHMZSURZDG]HQLD:

SU]\SDGNXZ\NU\FLDEá GX

V\QWDNW\F]QHJRQDOH \

ZSURZDG]LüLQVWUXNFM

SRSUDZQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



X \WRLQVWUXNFML/'L/',LZL FHMUD]\]U] GX



  EUDNLQVWUXNFML/'/',QLHDXWRU\]RZDQH

X \FLHLQVWUXNFML/'/',$1'$1,

  QDVW SXM FHLQVWUXNFMHQLHV SU]\á F]RQH

GROLQLL]DVLODM FHM67/5(70&5

3 RLQWHU , QWHUUXSW(,',65(75(7

)251(;7)(1'L(1'

  ]DJXELRQD033



X \WRLQVWUXNFML036ZL FHMQL UD]\



QLHDXWRU\]RZDQHX \FLHLQVWUXNFML

03605'033



  SRMHG\QF]HUR]JDá ]LHQLH67/VWHUXMHZL FHM

QL UyZQROHJá\PLREZRGDPL

  LQVWUXNFMH0&0&5OXESU]HUZDQLH]RVWDáR

SU]\SLVDQHZHZQ WU]VWDQX67/

  QLHSU]\SLVDQRLQVWUXNFML5(7OXESU]\SLVDQR

M SR]DVWDQHP67/



  EUDNHW\NLHW\3OXE,

  EUDNLQVWUXNFML65(7,5(7

  LQVWUXNFM 65(7,5(7SU]\SLVDQRZ

REV]DU]HJáyZQHJRSURJUDPX

  67/5(70&OXE0&5SU]\SLVDQRZHZQ WU]

SRGSURJUDPXOXESURJUDPXREVáXJL

SU]HUZDQLD



  QLHDXWRU\]RZDQHX \FLH)251(;7

3U]\SLVDQROXEZL FHMSR]LRPyZ

  Z\NRU]\VWDQRQDVW SXM FHLQVWUXNFMH

ZHZQ WU]S WOL)251(;7

67/5(70&0&5,5(765(7)(1'OXE

(1'



  QLHDXWRU\]RZDQDUHODFMD0&0&5

  ]DJXELRQH0&51

  LQVWUXNFMH65(7,5(7OXESU]HUZDQLH

]RVWDá\SU]\SLVDQHZHZQ WU]EORNX0&0&5

'

%á GXNáDGX



LQQ\Eá G

%á GXNáDGXSRMDZLDVL Z

SU]\SDGNXQLHSUDZLGáRZHM

NRPELQDFMLLQVWUXNFMLOXELFK]áHM

VSHF\ILNDFML:\EUDüWU\E

SURJUDPRZDQLDLVNRU\JRZDü

ZVND]DQ\Eá G

.RQW\QXDFMDQDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



X \WRLQVWUXNFML/'L/',LZL FHMUD]\]U] GX



OLF]EDLQVWUXNFML/'/',MHVWPQLHMV]DQL

LQVWUXNFML$1%25%



OLF]EDLQVWUXNFML/'/',MHVWZL NV]DQL LQVWUXNFML

$1%25%



X \WRLQVWUXNFML036ZL FHMQL UD]\



EUDNLQVWUXNFML036



EUDNLQVWUXNFML033



QLHDXWRU\]RZDQHX \FLHLQVWUXNFML

03605'033PR OLZ\EUDNFHZNL



MHGQD]SRQL V]\FKLQVWUXNFMLQLHMHVWSRGá F]RQD

GROLQLL]DVLODM FHM67/5(70&5 3 RLQWHU

, QWHUUXSW(,',$5(7,5(7)251(;7

)(1'L(1'



LQVWUXNFMH67/5(70&OXE0&5

]DSURJUDPRZDQRZHZQ WU]SRGSURJUDPXOXE

SURJUDPXREVáXJLSU]HUZDQLD



QLHSUDZLGáRZDLQVWUXNFMDZHZQ WU]S WOL)25

1(;767/5(70&0&5,,5(765(7



SU]HNURF]RQ\]DNUHV]DJQLH G H S WOL)25

1(;7



OLF]EDLQVWUXNFML)25QLHRGSRZLDGDOLF]ELH

LQVWUXNFML1(;7



EUDNLQVWUXNFML1(;7



EUDNLQVWUXNFML0&



EUDNLQVWUXNFML0&5



SRMHG\QF]HUR]JDá ]LHQLH67/VWHUXMHZL FHMQL

XNáDGDPLUyZQROHJá\PL



QLHSUDZLGáRZDLQVWUXNFMDZHZQ WU]EORNX67/

5(70&0&5,,5(765(7



EUDNLQVWUXNFML5(7



LQVWUXNFMH,65(7,5(7]DSURJUDPRZDQHZ

REV]DU]HSURJUDPXJáyZQHJR



EUDNHW\NLHW\3OXE,



EUDNLQVWUXNFML65(7OXE,5(7



LQVWUXNFMD65(7]DSURJUDPRZDQDZ

QLHSUDZLGáRZ\PPLHMVFX

'

%á GXNáDGX

W\ONR);

1



LQVWUXNFMD,5(7]DSURJUDPRZDQDZ

QLHSUDZLGáRZ\PPLHMVFX

%á GXNáDGXSRMDZLDVL Z

SU]\SDGNXQLHSUDZLGáRZHM

NRPELQDFMLLQVWUXNFMLOXELFK]áHM

VSHF\ILNDFML:\EUDüWU\E

SURJUDPRZDQLDLVNRU\JRZDü

ZVND]DQ\Eá G

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH

0,768%,6+,



8U] G]HQLH

Z\NU\ZDM FH

Eá G

1XPHUEá GX

=QDF]HQLHEá GX

']LDáDQLH



EUDNEá GX



  EUDNR]QDF]HQLDGRFHORZHJRGODLQVWUXNFML

&-OXE&$//

  HW\NLHWDZVND]XMHEORNSR]DLQVWUXNFM (1'

  HW\NLHWDZHZQ WU]S WOL)251(;7OXE

SRGSURJUDPX



Z\VW SLáR]DJQLH G HQLHOXEZL FHMZ\ZRáD

LQVWUXNFML&$//



Z\VW SLáR]DJQLH G HQLHSRQDGSU]HUZD



Z\VW SLáR]DJQLH G HQLHSRQDGS WOL)25

1(;7



QLHNRPSDW\ELOQHXU] G]HQLHMDNRDUJXPHQW

LQVWUXNFMLVSHFMDOQHM



XU] G]HQLHSR]DGR]ZRORQ\P]DNUHVHP

LQVWUXNFMLVSHFMDOQHM



SUyEDGRVW SXGRUHMHVWUXSOLNRZHJRSR]D

]DNUHVHP]GHILQLRZDQ\PSU]H]X \WNRZQLND



Eá GLQVWUXNFML)52072

'

%á GLQVWUXNFML



LQQ\Eá GQSEUDNXM FDLQVWUXNFMD,5(765(7

QLHDXWRU\]RZDQDUHODFMD)251(;7

7HQEá GSRMDZLDVL SRGF]DV

Z\NRQ\ZDQLDLQVWUXNFML

*G\SRMDZLVL Eá GLQVWUXNFML

QDOH \]DWU]\PDü3/& 6723 

ZSURZDG]LüZWU\E

SURJUDPRZDQLDLVNRU\JRZDü

Eá G

8ZDJDEá G\LQVWUXNFMLPRJ

VL SRMDZLüQDZHWJG\LFK

V\QWDNW\NDOXESURMHNWXNáDGX

MHVWSUDZLGáRZ\QS'=MHVW

LQVWUXNFM SUDZLGáRZ *G\

MHGQDNUHMHVWU=]DZLHUD

ZDUWR üZ\VW SLSUyED

GRVW SXGRGDQHM'7R

VSRZRGXMHEá GSRQLHZD WDND

GDQDQLHMHVWGRVW SQD



F]DVSUyENRZDQLD7

6

 7

6

OXE!



VWDáDF]DVRZDILOWUXZHM FLRZHJRa aOXE!





VWDáDSURSRUFMRQDOQD.

3

 .

3

OXE!



VWDáDF]DVXFDáNRZDQLD7

L

 7

L

OXE!



VWDá Uy QLF]NRZDQLD.

'

 .

'

OXE! 



VWDáDF]DVXUy QLF]NRZDQLD7

'

 7

'

OXE!



:VND]DQ\SDUDPHWUMHVWSR]D

GR]ZRORQ\P]DNUHVHP

:\NRQDQLHMHVW]DNR F]RQH



F]DVSUyENRZDQLD7

6

MHVWPQLHMV]\RGF]DVX

SU]HELHJXSURJUDPX

7VMHVWXVWDZLRQ\QDF]DV

SU]HELHJXSURJUDPX

:\NRQDQLHMHVWNRQW\QXRZDQH



ELH FDZDUWR üDMHVWSR]D]DNUHVHP



REOLF]RQ\Eá GeMHVWSR]D]DNUHVHP



Z\QLNFDáNRZDQLDMHVWSR]D]DNUHVHP



ZDUWR FLUy QLF]NRZDQLDV SR]D]DNUHVHP



Z\QLNUy QLF]NRZDQLDMHVWSR]D]DNUHVHP

'

%á GRSHUDFML

3,'



FDáNRZLW\Z\QLN3,'MHVWSR]D]DNUHVHP

'DQHV XVWDZLDQHGRZDUWR FL

QDMEOL V]\FKJUDQLFRP]DNUHVX

'DOZV]\VWNLFKEá GyZ]

Z\M WNLHPE G]LHWR

PLQLPXP±OXE

PDNVLPXP

:\NRQDQLHMHVWNRQW\QXRZDQH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

8U] G]HQLDGLDJQRVW\F]QH



 0,768%,6+,

1RWDWNL

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



:SURZDG]HQLH



3RGVWDZRZHLQVWUXNFMHSURJUDPX



3URJUDPRZDQLH67/



&KDUDNWHU\VW\NDXU] G]H



,QVWUXNFMHVSHFMDOQH



8U] G]HQLDGLDJQRVW\F]QH



&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



6SHF\ILNDFMDXU] G]H VWHURZQLND



6\VWHPDGUHVRZDQLDXU] G]H



:VND]yZNLWHFKQLF]QH



,QGHNV

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,

6SLVWUH FL



&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



 ,QVWUXNFMHSRGVWDZRZH



 ,QVWUXNFMHVSHFMDOQH



 +LHUDUFKLF]QHSRZL ]DQLDLQVWUXNFMLSRGVWDZRZ\FK



 3U]HWZDU]DQLHZVDGRZH



 3RGVXPRZDQLHSU]\G]LDáXSDPL FLXU] G]H



 2JUDQLF]HQLDZX \FLXLQVWUXNFML



 ,QVWUXNFMHNWyUHPRJ E\üX \ZDQHW\ONRUD]ZJáyZQ\PREV]DU]HSURJUDPX



 ,QVWUXNFMHNWyUHQLHV RGSRZLHGQLHGRVWRVRZDQLD]MHGQRVWNDPLZHM FLRZ\PL9$&



background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



&]DV\Z\NRQDQLD

);

 6

);

1

);

);

&

);

1

LKLHUDUFKLDLQVWUXNFML

,QVWUXNFMHSRGVWDZRZH

&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y ); !Y

);

&

);

1

0QHPRQLN

8U] G]HQLH

/LF]

ED

NURNyZ

21

2))

21

2))

21

2))

21

2))

21

2))

/'

/',





$1'

$1,

25

25,

;<067

&0













/'3

/')



$13

$1)

253

25)

;<067

&



EUDN



$1%

25%





036

05'

033









,19

EUDN



EUDN



0&

SR]LRP

]DJQLH G 

0<























0&5

SR]LRP

]DJQLH G 













123











(1'

EUDN













67/

6 SDWU]

XZDJD

Q

Q

Q

Q

Q

5(7

EUDN













&L JGDOV]\QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y ); !Y

);

&

);

1

0QHPRQLN

8U] G]HQLH

/LF]

ED

NURNyZ

21

2))

21

2))

21

2))

21

2))

21

2))

<0













6























0VSHF





















7.























7'























&. ELW





















&' ELW





















&. ELW























287

&' ELW























<0

















6





















6JG\

X \ZDQHZ

NURNX67/

SDWU]XZDJD





EUDN



Q 



Q





Q 

6(7

0VSHF





















<0

















6























0VSHF





















7&























567

'9='

VSHF























3/6

<0













3/)

<0

















3

GR



,

,qqq













8ZDJD

ÄQ´ZIRUPXáDFKGRREOLF]DQLDF]DVXZ\NRQDQLDLQVWUXNFMLRGQRVLVL GROLF]E\LQVWUXNFML

67/ZELH F\PUR]JDá ]LHQLXUyZQROHJá\P:DUWR üÄQ´]DZLHUDVL Z]DNUHVLHGR



background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



,QVWUXNFMHVSHFMDOQH

);

 6

);

1

);

);

&

);

1

&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3



&-















´







´





´



&$//







´







´





´



65(7



EUDN











,5(7

Œ















(,

Œ













',

Œ

















)(1' Œ















:'7















´







´





´



)25

Œ















1(;7 Œ













      













&03

      

´







´





´

      













=&3

      

´







´





´



























029















´







´





´



6029 

 

´







´





´



















&0/



EUDN





´







´





´



%029

Œ



EUDN





Q







Q



´



Q





´



Q



´







Q



´





Q







Q





)029

Œ



EUDN





Q





´



Q



´



















;&+* 

EUDN

 

´







´





´







  













%&'





   

´







´





´







  













%,1





   

´





´





´

8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3







  













$''







  

´







´





´







  













68%







  

´







´





´







  













08/





   

´







´





´





   













',9





   

´







´





´

























,1&













´







´





´

























'(&













´







´





´







  













:$1' 





  

´







´





´







  













:25







  

´







´





´







  













:;25 





  

´







´





´



















1(*







´







´





´





Q







Q











525

Œ







Q



´



Q





´





´





Q







Q











52/

Œ







Q



´



Q





´





´





Q





Q







Q





5&5

Œ







Q



´



Q





´



Q



´





Q





Q







Q





5&/

Œ



EUDN





Q



´



Q





´



Q



´



6)75

Œ







Q







Q







Q



´



Q





´



Q



´



6)7/

Œ







Q







Q







Q



´



Q





´



Q



´

8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3



:6)5

Œ







Q



´



Q





´



Q



´



:6)/

Œ







Q



´



Q





´



Q



´



6):5

Œ



 

´







´





´



6)5'

Œ



EUDN





Q



´







´





´

'



Q



Q





Q



Q





Q

6





Q





Q



&



Q



Q



7



Q



Q





Q



Q





Q



0





Q





Q





=567

Œ

<





Q







Q







Q



´



Q





´



Q



´



'(&2       

´







´





´



(1&2       

´







´





´



 

´













680



 







´





´



 

´













%21



 







´





´







Q



´



Q







Q





0($1

Œ



EUDN



Q





´



Q



´



$16



 







´

 



$15



EUDN





´







´





´















645









´





´















)/7



EUDN







´





´



5()

Œ





 

Q







Q



´



Q





´



Q



´

8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3



5())

Œ





Q



´



Q





´



Q



´



075



EUDN

















+6&6

Œ













+6&6

Œ



























+6=

Œ



















63'

Œ

EUDN

















 













3/6<

    

















3:0

































3/65



EUDN







,67

    



















Q







Q





6(5

Œ



EUDN



Q





´



Q



´







Q





Q





Q





$%6'

Œ



EUDN



Q





Q





,1&'



















7705



















6705 

EUDN

















$/7















´







´





´



5$03  



















527& 

EUDN

















6257

Œ



EUDN



P











8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3



















7.<



































+.<





















]E















'6:





]E

EUDN





EUDN





EUDN

EUDN



6(*' 





´







´





´



]E







 



6(*/



]E











EUDN EUDN



$5:6 











 



$6&



















SU











35



UG\

EUDN



















Q





Q



Q





Q





)520

Œ





Q





Q



´



Q





´



Q



´





Q





Q



Q





Q





72

Œ



EUDN



Q





Q



´



Q





´



Q



´



56



EUDN

 

EUDN







 







Q



Q







Q





3581

Œ



EUDN





Q



´



Q





´



Q



´



$6&,





Q





Q





´



Q



´



+(;





Q





Q





´



Q



´



&&'



EUDN



Q



EUDN



Q





´



Q



´



955' 





´







´

 

´



956&



EUDN





´







´

 

´







EUDN

8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3



3,'



EUDN







 







EUDN



01(7 

 

´



$15' 

 

´



$1:5 

 

´

EUDN



5067 

 









50:5 

 

´









 

 



´



505' 

 

´









 

 



´



5001 

 

´







´

EUDN



%/.



 

´



0&'( 

EUDN

 

´

EUDN







EUDN



(&03 





´



(=&3



EUDN





´



(%&'







´



(%,1







´



($''







´



(68%







´



(08/







´



(',9



EUDN





´

8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



&]DVZ\NRQDQLDLQVWUXNFMLZmV

);



);

6

);

1

); Y

); !Y );

&

);

1

0QHPRQLN

ELW

21

2))

21

2))

21

2))

3

21

2))



)1&

21

3

21

2))

3



(645 





´



EUDN









,17



EUDN





´



6,1







´



&26







´



7$1



EUDN





´









6:$3 

EUDN





´



7&03 





´



7=&3







´



7$''







´



768%







´









EUDN



75'







´



7:5







´









EUDN









*5<







´









*%,1



EUDN





´







/'q











$1'q 









25q



EUDN



8ZDJLGRW\F] FHÄ

Ϋ

]QDMGXM VL QDNR FXVHNFML

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

Œ



” WHLQVWUXNFMHQLHZ\PDJDM XU] G]H VW\NRZ\FKWDNLFKMDN/'$1'25LWS

Œ



” ÄQ´R]QDF]DOLF]E GRVW SQ\FKUHMHVWUyZÄQ´QLHPR HE\üZL NV]H

Œ



” ÄQ´R]QDF]DOLF]E GRVW SQ\FKXU] G]H ELWRZ\FKÄQ´QLHPR HE\üZL NV]HQL SU]\M W\WU\E

RSHUDF\MQ\W]QMH OLMHVWWRWU\EELWRZ\WRÄQ´QLHPR HE\üZL NV]HRG

Œ



” ÄQ´R]QDF]DOLF]E GRVW SQ\FKXU] G]H ELWRZ\FK: SU]\SDGNX X \FLD VWHURZQLND );ÄQ´

QLH PR H E\ü ZL NV]H QL   Z SU]\SDGNX VWHURZQLNyZ );



 L );

1

 ÄQ´ QLH PR H E\ü

ZL NV]HQL 

Œ



” ÄQ´R]QDF]DOLF]E GRVW SQ\FKXU] G]H ÄQ´PR HSU]\MPRZDüZDUWR FL]]DNUHVXRGGR



Œ



” ÄQ´R]QDF]D]DNUHVXU] G]H GRZ\]HURZDQLD 7\S ]HURZDQHJR XU] G]HQLD MHVW RNUH ORQ\

SU]H]OLWHU XU] G]HQLDZQDZLDVLHZNROXPQLHÄELW´

Œ



” ÄQ´R]QDF]DOLF]E XU] G]H ÄQ´PR HSU]\MPRZDüZDUWR FL]]DNUHVXRGGR

Œ



” ÄQ´ R]QDF]D ]DNUHV RG ZLH DQ\FK XU] G]H  :DUWR ü ÄQ´ MHVW ]DZV]H RNUH ODQD Z

MHGQRVWNDFK SR  W]Q      0DNV\PDOQ\ GRVW SQ\ ]DNUHV ]DOH \ RG OLF]E\

GRVW SQ\FKZHM üZ\M üW]QZ);



Z);

Œ



”

ÄQ´R]QDF]DXVWDZLHQLHVWDáHMF]DVRZHMILOWUyZZHM FLRZ\FK0R HSU]\MPRZDüZDUWR FLRG

GRPV

Œ



” ,VWQLHM RJUDQLF]HQLDNRPELQDFMLX \FLDW\FKLQVWUXNFML'OD);



L);

1

QLHSRZLQQRE\üZL FHM

QL   MHGQRF]H QLH DNW\ZQH LQVWUXNFMH 'OD ); PR H E\ü  MHGQRF]H QLH DNW\ZQ\FK

LQVWUXNFML

Œ



” ÄQ´R]QDF]DOLF]E Z\M ü1LHPR HE\üZL NV]HQL 

Œ



” ÄQ´R]QDF]DOLF]E VáyZRGF]\WDQ\FKOXE]DSLVDQ\FK]GREORNyZ)52072

Œ



” ÄQ´ R]QDF]D OLF]E  VáyZ RGF]\WDQ\FK OXE ]DSLVDQ\FK JG\ GZD VWHURZQLNL ); SUDFXM  Z

SRá F]HQLXUyZQROHJá\P

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



Œ



”

Ä

Q´R]QDF]DOLF]E HOHPHQWyZQDVWRVLHGODRSHUDFMLELWRZ\FKÄQ´Z\QRVLPDNV\PDOQLH

'ODRSHUDFMLELWRZ\FKÄQ´Z\QRVLPDNV\PDOQLH

Œ



” ÄP´R]QDF]DOLF]E HOHPHQWyZZWDEOLF\GDQ\FKPPR HSU]\MPRZDüZDUWR FL]]DNUHVX

RGGR,QVWUXNFMD6257GODFDáNRZLWHJRSU]HWZRU]HQLDWDEOLF\Z\NRQDVL PUD]\

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

+LHUDUFKLF]QHSRZL ]DQLD

);

 6

);

1

);

);

&

);

1

LQVWUXNFMLSRGVWDZRZ\FK

1DVW SXM FDWDEHODSRND]XMHÄSRZL ]DQLH]DZLHUDM FH´

2]QDF]DWR HJáyZQ\EORNSURJUDPX]DZLHUDEORNSRGU] GQ\]H

ZV]\VWNLPLRJUDQLF]HQLDPLEORNXJáyZQHJRQS

3RGU] GQ\EORNSURJUDPX

*áyZQ\

EORN

SURJUDPX

0&0&5

&-3

(,',

)25

1(;7

675

5(7

365(7

,,5(7

)(1'

(1'

0&0&5

´



SR]LRPyZ

]DJQLH 

G H

´

´

´

´

ã

 

ã

 

ã

 

&-3

´

´

´

´

´

l

l

ã

 

(,',

´

´

´

´

´

´

´

´€

)25

1(;7

ã



´

´

´



SR]LRPyZ

]DJQLH 

G H

ã

 

ã

 

ã

 

ã

 

67/

5(7

ã

 

l

´

´



ZHZQ WU]

NURNX

67/

´

ã

 

ã

 

ã

 

365(7

ã

 

´

´

´

ã

 

ã

 

ã

 

ã

 

,,5(7

ã

 

´

´

´

ã

 

ã

 

ã

 

ã

 

)(1'

(1'

´

´

´

´

l

´

´

´ó

)(1'

´

´

´

´

´

ã

 

ã

 

´ó

(1'

EH]

)(1'

´

´

´

´

´

ã

 

ã

 

´ó

´ .RPELQDFMD LQVWUXNFML GRSXV]F]DOQD ± RJUDQLF]HQLD RSLVDQH Z RGSRZLHGQLHM

XZDG]H

ã.RPELQDFMDLQVWUXNFMLQLHGR]ZRORQD±OLF]EDZQDZLDVDFKR]QDF]DNRGEá GX

l.RPELQDFMDQLH]DOHFDQDQDZHWJG\QLHZ\VW SXMHEá GLQVWUXNFML

.RPELQDFMD LQVWUXNFML ] ÄSRZL ]DQLHP ]DZLHUDM F\P´ MHVW GRSXV]F]DOQD 1DOH \ MHGQDN

SDPL WDüRQDVW SXM F\FKZ\M WNDFK

  ,QVWUXNFMH 0&0&5 L 67O5(7 QLH PRJ  E\ü X \WH ZHZQ WU] S WOL )251(;7 L

SRGSURJUDPyZ365(7L,,5(7

  3U]HELHJSURJUDPXQLHPR HE\üSU]HU\ZDQ\SU]H]X \FLHNWyUHMNROZLHN]PHWRGZHZQ WU]

NRQVWUXNFML 0&0&5 )251(;7365(7 L,,5(7 W]Q X \FLH SU]HUZD  LQVWUXNFML ,5(7

65(7)(1'L(1'MHVWQLHGR]ZRORQH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



1DVW SXM FDWDEHODSRND]XMHÄSRZL ]DQLHSRNU\ZDM FH´

2]QDF]DRQR HNRQVWUXNFMDEORNXSRGU] GQHJRUR]SRF]\QDVL ]

ZV]\VWNLPLRJUDQLF]HQLDPLEORNXJáyZQHJRDOHNR F]\VL SR]D

EORNLHPJáyZQ\PW]Q

3RGU] GQ\EORNSURJUDPX

*áyZQ\

EORN

SURJUDPX

0&0&5

&-3

(,',

)25

1(;7

675

5(7

365(7

,,5(7

)(1'

(1'

0&0&5

l

l

´

ã

 

ã

 

ã

 

ã

 

ã

 

&-3

l

l

´

l

l

l

l

´

(,',

´

´

´

´

´

´

´

´

)25

1(;7

ã

 

l

´

´

ã

 

ã

 

ã

 

ã

 

67/

5(7

ã

 

l

´

ã

 

´

ã

 

ã

 

ã

 

365(7

ã

 

l

´

ã

 

ã

 

ã

 

ã

 

ã

 

,,5(7

ã

 

l

´

ã

 

ã

 

ã

 

ã

 

ã

 

)(1'

(1'

ã

 

ã

 

´€

ã

 

ã

 

ã

 

ã

 

´ó

)(1'

ã

 

´

´

ã

 

ã

 

ã

 

ã

 

´ó

(1'

EH]

)(1'

ã

 

ã

 

´€

ã

 

ã

 

ã

 

ã

 

´ó

€:SURZDG]DVWDQMDNZSU]\SDGNXEUDNXLQVWUXNFML',1LHPDEá GX

ó3LHUZV]HZ\VW SLHQLHLQVWUXNFML)(1'OXE(1'PDSULRU\WHW

7DVHNZHQFMDQLHE G]LHZ\NRQDQDQS

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

3U]HWZDU]DQLHZVDGRZH

);

 6

);

1

);

);

&

);

1

-HVW WR V\VWHP X \ZDQ\ SU]H] ZV]\VWNLH MHGQRVWNL ] URG]LQ\ VWHURZQLNyZ ); 3RGVWDZRZD

NRQFHSFMDRSLHUDVL QDWU]HFKVWDQDFKSU]HELHJXSURJUDPX,QQ\PLVáRZ\MH HOLSURJUDPMHVW

SU]HWZDU]DQ\RGSRF] WNXGRNR FDZ\VW SXMHQDVW SXM FDVHNZHQFMD]GDU]H 

3U]HWZDU]DQLHZHM ü

6WDQ\ ZV]\VWNLFK ZHM ü V  ZF]\W\ZDQH GR SDPL FL

W\PF]DVRZHM ]ZDQHM WH  SDPL FL  REUD]X 3/& MHVW

ZyZF]DVJRWyZGRSU]HWZDU]DQLDSURJUDPX

3U]HWZDU]DQLHSURJUDPX

:V]\VWNLH]DNWXDOL]RZDQHZHM FLDV VSUDZG]DQHSRGF]DV

SU]HWZDU]DQLDSURJUDPX-H HOLQRZ\VWDWXVZHM FLD]PLHQL

VWDWXVVWHURZDQHJRZ\M FLDMHVWWRRGQRWRZDQHZSDPL FL

REUD]XGRPRPHQWX

3U]HWZDU]DQLHZ\M ü

1DVW SXMH IL]\F]QD DNWXDOL]DFMD Z\M ü ]JRGQLH ] QRZ\P

ELH F\P VWDWXVHP W]Q SU]HND QLNL V  SU]Há F]DQH ]H

VWDQX 21 OXE 2)) ]JRGQLH ] Z\PDJDQLDPL 6WHURZQLN

UR]SRF]\QDQRZ\SU]HELHJSURJUDPX

6\VWHP QD]\ZDQ\ MHVW ÄSU]HWZDU]DQLHP ZVDGRZ\P´ SRQLHZD  ZV]\VWNLH ZHM FLD LQVWUXNFMH

SURJUDPXLZNR FXZ\M FLDV SU]HWZDU]DQHZVDGRZR

3RGVXPRZDQLHSU]\G]LDáXSDPL FLXU] G]H

=SXQNWXZLG]HQLDX \WNRZQLNDPR QDZ\Uy QLüWU]\JáyZQHREV]DU\

D 3DPL ü3URJUDPX

7HQREV]DUSDPL FLSU]HFKRZXMHGDQHGRW\F] FHSDUDPHWUyZVHNZHQFMLSURJUDPXVWDá\FK.L

+ LQIRUPDFML R HW\NLHWDFK 3 L , SR]LRPyZ ]DJQLH G H  ]DZDUWR FL UHMHVWUyZ SOLNRZ\FK L

NRPHQWDU]\GRSURJUDPX

 3DPL ü WD MHVW DOER SRGWU]\P\ZDQD EDWHU\MQLH DOER Z\NRU]\VWXMH ((3520 'DQH Z WHM

SDPL FL V  ]DFKRZ\ZDQH SR Z\á F]HQLX ]DVLODQLD 3/& &]DV L JZDUDQFMD SU]HFKRZDQLD

]DOH \RGVWDQXEDWHULLOXEX \WHMSDPL FL((3520

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML

0,768%,6+,



E 3DPL ü'DQ\FK

7HQ REV]DU SDPL FL SU]HFKRZXMH ]JRGQLH ]H VZRM  QD]Z  ZV]\VWNLH GDQH ]ZL ]DQH ]

UHMHVWUDPL GDQ\FK UHMHVWUDPL LQGHNVRZ\PL ZDUWR FLDPL WLPHUD ZDUWR FLDPL WLPHUD ]

SRGWU]\PDQLHP RLOHV GRVW SQH RUD]ELH F\PLZDUWR FLDPLOLF]QLND

 :V]\VWNLHWHXU] G]HQLDNWyUHG]LDáDM MDNR]DWU]DVNRZH Zá F]DM FZWRWLPHU\]SDPL FL

V SU]HFKRZ\ZDQHZVSRVyESRGREQ\GRRSLVDQHJRZSXQNFLHD 

 5HMHVWU\LQGHNVRZHLUHMHVWU\VSHFMDOQH 'GR' G]LDáDM ZVSHF\ILF]Q\VSRVyEZ

QDVW SXM F\FKRNROLF]QR FLDFK

2NROLF]QR FL

5HDNFMD

]DVLODQLH3/&MHVWZ\á F]RQH

ZV]\VWNLHGDQHV ]HURZDQH

]DVLODQLH3/&MHVWZá F]RQH

1LHNWyUHXU] G]HQLDV XVWDZLDQ\ZVZyMVWDQ

GRP\ OQ\±SDWU]UR]G]LDá

3/&MHVWSU]Há F]RQ\]HVWDQX6723GR581

3/&MHVWSU]Há F]RQ\]HVWDQX581GR6723

1LHNWyUHXU] G]HQLDV XVWDZLDQ\ZVZyMVWDQ

GRP\ OQ\±SDWU]UR]G]LDá

 :V]\VWNLHLQQHXU] G]HQLDWDNLHMDNUHMHVWU\EH]SRGWU]\PDQLDWLPHU\LOLF]QLNL]DFKRZXM

VL ZQDVW SXM F\VSRVyE

2NROLF]QR FL

5HDNFMD

]DVLODQLH3/&MHVWZ\á F]RQH

]DVLODQLH3/&MHVWZá F]RQH

ZV]\VWNLHGDQHV ]HURZDQH

3/&MHVWSU]Há F]RQ\]HVWDQX6723GR581

%H]]PLDQ

3/&MHVWSU]Há F]RQ\]HVWDQX581GR6723 ]HURZDQH FK\ED H0MHVWDNW\ZQ\

F 3DPL ü%LWRZD

7HQ REV]DU SDPL FL SU]HFKRZXMH VWDWXV VW\NyZ ZV]\VWNLFK ZHM ü Z\M ü SU]HND QLNyZ

]QDF]QLNyZWLPHUyZLOLF]QLNyZ

 :V]\VWNLHWHXU] G]HQLDNWyUHG]LDáDM MDNR]DWU]DVNRZH Zá F]DM FZWRWLPHU\]SDPL FL

V SU]HFKRZ\ZDQHZVSRVyESRGREQ\GRRSLVDQHJRZSXQNFLHD

 =QDF]QLNL 0GR0 G]LDáDM ZVSRVyESRGREQ\GRRSLVDQHJRZSXQNFLHE

 :V]\VWNLHLQQHXU] G]HQLDSRGOHJDM WDNLPVDP\P]PLDQRPMDNELH FHZDUWR FLUHMHVWUyZ

WLPHUyZLOLF]QLNyZ ]REDF]RVWDWQLSXQNWLWDEHO ZVHNFMLE 

3RGVXPRZDQLH

=DVLODQLH

6WDWXV3/&

7\SSDPL FL

2))

2))Ü21

6723Ü581

581Ü6723

ZV]\VWNLHXU] G]HQLDSRGWU]\P\ZDQH

EDWHU\MQLH

EH]]PLDQ

XU] G]HQLD0L' GR

RUD]UHMHVWU\LQGHNVRZH 9L=

]HURZDQH

XVWDZLDQHZVWDQ

GRP\ OQ\

EH]]PLDQ

EH]]PLDQ\

]HURZDQH

ZV]\VWNLHLQQHXU] G]HQLD

]HURZDQH

EH]]PLDQ\MH OL0MHVW

XVWDZLRQ\

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



0,768%,6+,

2JUDQLF]HQLDZX \FLX

);

 6

);

1

);

);

&

);

1

,QVWUXNFML

,QVWUXNFMHNWyUHPRJ E\üX \ZDQHW\ONRUD]ZJáyZQ\PREV]DU]HSURJUDPX

1DVW SXM FH LQVWUXNFMH PRJ  E\ü X \WH W\ONR UD] Z REV]DU]H JáyZQ\P SURJUDPX 1DOH \

VSUDZG]LüV]F]HJyáRZHZ\MD QLHQLHGRW\F] FHLQVWUXNFMLOXEWDEHOHZ\NRQDQLDLQVWUXNFML

” ,QVWUXNFMHNWyUHPRJ E\üX \WHW\ONRMHGHQUD]

075)1&

,67)1&

7.<)1&

3/6<)1&

6257)1&

+.<)1&

3:0)1&

$%6')1&

':6)1&

3/65)1&

,1&')1&

6(*/)1&

527&)1&

$5:6)1&

7\ONRMHGQD]LQVWUXNFML3/6<)1&OXE3/65)1&PR HE\ü]DSURJUDPRZDQD

ZGDQ\PPRPHQFLH2ELHLQVWUXNFMHQLHPRJ MHGQRF]H QLHZ\VW SLüZW\PVDP\P

DNW\ZQ\PSURJUDPLH

,QVWUXNFMHNWyUHQLHV RGSRZLHGQLHGR



);

 6

);

1

);

);

&

);

1

6WRVRZDQLD]MHGQRVWNDPLZHM FLRZ\PL

9$&

3RGF]DVX \FLDMHGQRVWHNZHM FLRZ\FK9$&QLHNWyUHRSHUDFMHIXQNFMHLLQVWUXNFMHQLHV

SROHFDQH]SRZRGXGáXJLFKF]DVyZáDGRZDQLDUR]áDGRZDQLDXU] G]H ZHM FLRZ\FK9

” 2SHUDFMHSURJUDPRZHNWyUHQLHV SROHFDQHWR



SURJUDP\REVáXJLSU]HUZD



OLF]QLNLV]\ENLH

” ,QVWUXNFMHNWyUHQLHV SROHFDQHWR

5()))1&

527&)1&

'6:)1&

075)1&

7.<)1&

$5:6)1&

63')1&

+.<)1&

8ZDJDSRPLPRWHJR HZ\EUDQHMHGQRVWNL );

6

 PDM  ZHM FLD 9 $& LQVWUXNFMH

RSLVDQH SRZ\ HM QLH V  ]DLPSOHPHQWRZDQH Z &38 MHGQRVWNL L VW G QLH PRJ  E\ü

X \WH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,



:SURZDG]HQLH



3RGVWDZRZHLQVWUXNFMHSURJUDPX



3URJUDPRZDQLH67/



&KDUDNWHU\VW\NDXU] G]H



,QVWUXNFMHVSHFMDOQH



8U] G]HQLDGLDJQRVW\F]QH



&]DV\Z\NRQDQLDLKLHUDUFKLDLQVWUXNFML



6SHF\ILNDFMDXU] G]H VWHURZQLND



6\VWHPDGUHVRZDQLDXU] G]H



:VND]yZNLWHFKQLF]QH



,QGHNV

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,

6SLVWUH FL



6SHF\ILNDFMDXU] G]H VWHURZQLND



 6SHF\ILNDFMDXU] G]H );



L);

6





 6SHF\ILNDFMDXU] G]H );

1



 6SHF\ILNDFMDXU] G]H ); ZHUVMD&38GR



 6SHF\ILNDFMDXU] G]H ); ZHUVMD&38RGLZV]\VWNLH);

&



 6SHF\ILNDFMDXU] G]H );

1





background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,

6SHF\ILNDFMDXU] G]H

);

 6

);

1

);

);

&

);

1

VWHURZQLND

6SHF\ILNDFMDXU] G]H );



L);

6

(OHPHQW

6SHF\ILNDFMD

8ZDJL

0HWRGDZ\NRQ\ZDQLDSURJUDPX

&\NOLF]QHZ\NRQ\ZDQLH]DSDPL WDQHJRSURJUDPX

0HWRGDVWHURZDQLDZ\M FLDZHM FLD

3U]HWZDU]DQLHZVDGRZH JG\

Z\NRQ\ZDQDMHVWLQVWUXNFMD(1'

'RVW SQHMHVWRG ZLH DQLHLQVWUXNFML

ZHM FLDZ\M FLD

&]DVZ\NRQ\ZDQLDRSHUDFML

,QVWUXNFMHSRGVWDZRZHRGGR—V

,QVWUXNFMHVSHFMDOQHRGNLONXG]LHVL FLXVGR—V

- ]\NSURJUDPRZDQLD

- ]\NV\PEROLNLSU]HND QLNRZHM

VFKHPDWGUDELQNRZ\

6FKHPDWGUDELQNRZ\PR HE\üX \W\

GRWZRU]HQLDSURJUDPyZ6)&

3RMHPQR üSURJUDPX

NURNyZ

ZEXGRZDQDSDPL ü((3520

/LF]EDLQVWUXNFML

,QVWUXNFMHSRGVWDZRZH

,QVWUXNFMHGUDELQNRZH

,QVWUXNFMHVSHFMDOQH

'RVW SQHMHVWLQVWUXNFML

VSHFMDOQ\FKZHZV]\VWNLFK

RGPLDQDFK

.RQILJXUDFMDZHM FLDZ\M FLD

:HM FLDZ\M FLDXVWDZLDQHSU]H]038

2JyOQH

V]W

RG0GR0

=DWU]DVNRZH

V]W SRG]ELyU

RG0GR0

3U]HND QLNL

SRPRFQLF]H

]QDF]QLNL0

6SHFMDOQH

V]W

]]DNUHVX0GR0

2JyOQH

V]W

RG6GR6

=QDF]QLNLVWDQX

6

,QLFMXM FH

V]W SRG]ELyU

RG6GR6

PV

=DNUHVRGGRV

V]W

RG7GR7

7LPHU\ 7

PV

=DNUHVRGGRV

V]W

RG7GR7JG\0MHVWZ

VWDQLH21

2JyOQH

=DNUHVRGGR

V]W

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

/LF]QLNL &

=DWU]DVNRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

ID]RZH

RG&GR& &QLHMHVW

]DWU]DVNRZ\ V]W

ID]RZH]

ZHM FLDPL

VWDUWVWRS

& ]DWU]DVNRZ\ &L&

]DWU]DVNRZ\ V]W

ID]RZH

&&& ZV]\VWNLH

]DWU]DVNRZH V]W

/LF]QLNLV]\ENLH

&

$%ID]RZH

=DNUHVGGR

]OLF]H

);



:\EyUGRF]WHUHFKID]RZ\FK

OLF]QLNyZ]SRá F]RQ F] VWRWOLZR FL

]OLF]DQLDN+]OXEPQLHM

$OWHUQDW\ZQ\Z\EyUMHGQHJRID]RZHJR

OXE$%ID]RZHJROLF]QLND]

F] VWRWOLZR FL ]OLF]DQLDN+]OXEPQLHM

);

6

*G\X \ZDQ\FKMHVWZLHOH

ID]RZ\FKOLF]QLNyZVXPDF] VWRWOLZR FL

PXVLE\üUyZQDOXEPQLHMV]DRGN+]

7\ONRMHGHQID]RZ\V]\ENLOLF]QLNPR H

E\üX \W\QDUD]*G\X \ZDQHV 

ID]RZHOLF]QLNLPDNV\PDOQDV]\ENR ü

]OLF]DQLDPXVLE\üUyZQDOXEPQLHMV]D

RGN+]REOLF]DQDMDNR V]\ENR ü

OLF]QLND[OLF]ED]ERF]\ 

&&L& ZV]\VWNLH

]DWU]DVNRZH V]W

FL JGDOV]\QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND



0,768%,6+,

(OHPHQW

6SHF\ILNDFMD

8ZDJL

2JyOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUDGOD

XU] G]H ELWRZ\FK

=DWU]DVNRZH

V]W SRG]ELyU

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUDGOD

XU] G]H ELWRZ\FK

8VWDZLDQH

]HZQ WU]QLH

=DNUHVRGGR

V]W

'

'DQDMHVWZSURZDG]DQDSR UHGQLRSRSU]H]

]HZQ WU]Q\SRWHQFMRPHWU

6SHFMDOQH

V]W ZOLF]DM F'

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

5HMHVWU\GDQ\FK

'

,QGHNVRZH

V]W

9L=

W\SELWRZ\UHMHVWUGDQ\FK

X \ZDQH]

LQVWUXNFM &$//

V]W

RG3GR3

:VND QLNL 3

X \ZDQHZ

SU]HUZDQLDFK

V]W

RG,qGR,q

Z\]ZDODQLHQDUDVWDM FHq 

Z\]ZDODQLHRSDGDM FHq 

3R]LRP\]DJQLH G H

V]WGRZ\NRU]\VWDQLD]

0&L0&5

RG1GR1

']LHVL WQH.

ELWRZHRGGR

ELWRZHRGGR

6WDáH

6]HVQDVWNRZH+

ELWRZHGR))))

ELWRZHGR))))))))

6SHF\ILNDFMDXU] G]H );

1

(OHPHQW

6SHF\ILNDFMD

8ZDJL

0HWRGDZ\NRQ\ZDQLDSURJUDPX

&\NOLF]QHZ\NRQ\ZDQLH]DSDPL WDQHJRSURJUDPX

0HWRGDVWHURZDQLDZ\M FLDZHM FLD

3U]HWZDU]DQLHZVDGRZH JG\

Z\NRQ\ZDQDMHVWLQVWUXNFMD(1'

'RVW SQHMHVWRG ZLH DQLHLQVWUXNFML

ZHM FLDZ\M FLD

&]DVZ\NRQ\ZDQLDRSHUDFML

,QVWUXNFMHSRGVWDZRZHRGGR—V

,QVWUXNFMHVSHFMDOQHRGNLONXG]LHVL FLXVGR—V

- ]\NSURJUDPRZDQLD

- ]\NV\PEROLNLSU]HND QLNRZHM

VFKHPDWGUDELQNRZ\

6FKHPDWGUDELQNRZ\PR HE\üX \W\

GRWZRU]HQLDSURJUDPyZ6)&

3RMHPQR üSURJUDPX

NURNyZ

ZEXGRZDQDSDPL ü((3520

/LF]EDLQVWUXNFML

,QVWUXNFMHSRGVWDZRZH

,QVWUXNFMHGUDELQNRZH

,QVWUXNFMHVSHFMDOQH

'RVW SQHMHVWLQVWUXNFMLVSHFMDOQ\FK

ZHZV]\VWNLFKRGPLDQDFK

.RQILJXUDFMDZHM FLDZ\M FLD

0DNVLPXPSXQNWyZNRQILJXUDF\MQ\FKVSU] WRZ\FKZHM üZ\M ü

]DOH Q\FKRGX \WNRZQLND

0DNV\PDOQDOLF]EDDGUHVRZDQ\FKZHM üZ\M ü

2JyOQH

V]W

RG0GR0

=DWU]DVNRZH

V]W SRG]ELyU

RG0GR0

3U]HND QLNL

SRPRFQLF]H

]QDF]QLNL0

6SHFMDOQH

V]W

]]DNUHVX0GR0

FL JGDOV]\QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,

(OHPHQW

6SHF\ILNDFMD

8ZDJL

2JyOQH

V]W

RG6GR6

=QDF]QLNLVWDQX

6

,QLFMXM FH

V]W SRG]ELyU

RG6GR6

PV

=DNUHVRGGRV

V]W

RG7GR7

PV

=DNUHVRGGRV

V]W

RG7GR7JG\0MHVWZ

VWDQLH21

7LPHU\ 7

PV

=DNUHVRGGRV

V]W

7

2JyOQH

=DNUHVRGGR

V]W

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

/LF]QLNL &

=DWU]DVNRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

ID]RZH

RG&GR&V]W

ID]RZH]

ZHM FLDPL

VWDUWVWRS

&&L&V]W

ID]RZH

&&&V]W

/LF]QLNLV]\ENLH

&

$%ID]RZH

=DNUHVRG±GR

]OLF]H

:\EyUGRF]WHUHFKID]RZ\FKOLF]QLNyZ

]SRá F]RQ F] VWRWOLZR FL ]OLF]DQLD

N+]OXEPQLHM

$OWHUQDW\ZQ\Z\EyUMHGQHJRID]RZHJR

OXE$%ID]RZHJROLF]QLND]

F] VWRWOLZR FL ]OLF]DQLDN+]OXEPQLHM

:V]\VWNLHOLF]QLNLV ]DWU]DVNRZH

&&L&V]W

2JyOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUD

GODXU] G]H ELWRZ\FK

=DWU]DVNRZH

V]W SRG]ELyU

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUD

GODXU] G]H ELWRZ\FK

3OLNRZH

V]W

RG'GR'XVWDZLDQ\FK

SU]H]SDUDPHWUZEORNDFKSR

NURNyZSURJUDPXW\SELWRZ\

UHMHVWUGDQ\FK

8VWDZLDQH

]HZQ WU]QLH

=DNUHVRGGR

V]W

'DQHV ZSURZDG]DQHSR UHGQLR

SRSU]H]]HZQ WU]QHSRWHQFMRPHWU\

'ŒL' ŒJG\QLHPD

57&X \ZDQ\MHVW'

6SHFMDOQH

V]W ZOLF]DM F''L

'

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

5HMHVWU\GDQ\FK

'

,QGHNVRZH

V]W

9L=

W\SELWRZ\UHMHVWUGDQ\FK

X \ZDQH]

LQVWUXNFM &$//

V]W

RG3GR3

:VND QLNL 3

X \ZDQHZ

SU]HUZDQLDFK

V]W

RG,qGR,q

Z\]ZDODQLHQDUDVWDM FHq 

Z\]ZDODQLHRSDGDM FHq 

3R]LRP\]DJQLH G H

V]WGRZ\NRU]\VWDQLD]0&L0&5

RG1GR1

']LHVL WQH.

ELWRZHRGGR

ELWRZHRGGR

6WDáH

6]HVQDVWNRZH

+

ELWRZHGR))))

ELWRZHGR))))))))

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND



0,768%,6+,

6SHF\ILNDFMDXU] G]H ); ZHUVMD&38GR

(OHPHQW

6SHF\ILNDFMD

8ZDJL

0HWRGDZ\NRQ\ZDQLDSURJUDPX

&\NOLF]QHZ\NRQ\ZDQLH]DSDPL WDQHJRSURJUDPX

0HWRGDVWHURZDQLDZ\M FLDZHM FLD

3U]HWZDU]DQLHZVDGRZH JG\

Z\NRQ\ZDQDMHVWLQVWUXNFMD(1'

'RVW SQHMHVWRG ZLH DQLHLQVWUXNFML

ZHM FLDZ\M FLD

&]DVZ\NRQ\ZDQLDRSHUDFML

,QVWUXNFMHSRGVWDZRZH—V

,QVWUXNFMHVSHFMDOQHRGNLONXG]LHVL FLXVGR—V

- ]\NSURJUDPRZDQLD

- ]\NV\PEROLNLSU]HND QLNRZHM

VFKHPDWGUDELQNRZ\

6FKHPDWGUDELQNRZ\PR HE\ü

X \W\GRWZRU]HQLDSURJUDPyZ6)&

3RMHPQR üSURJUDPX

NURNyZ

UR]V]HU]DOQDGRNURNyZSU]\

]DVWRVRZDQLXNDVHW\SDPL FL

/LF]EDLQVWUXNFML

,QVWUXNFMHSRGVWDZRZH

,QVWUXNFMHGUDELQNRZH

,QVWUXNFMHVSHFMDOQH

'RVW SQHMHVWLQVWUXNFML

VSHFMDOQ\FKZHZV]\VWNLFK

RGPLDQDFK

.RQILJXUDFMDZHM FLDZ\M FLD

0DNVLPXPSXQNWyZNRQILJXUDF\MQ\FKVSU] WRZ\FKZHM üZ\M ü

]DOH Q\FKRGX \WNRZQLND

0DNV\PDOQDOLF]EDDGUHVRZDQ\FKZHM üZ\M ü

2JyOQH

V]W

RG0GR0

=DWU]DVNRZH

V]W SRG]ELyU

RG0GR0

3U]HND QLNL

SRPRFQLF]H

]QDF]QLNL0

6SHFMDOQH

V]W

]]DNUHVX0GR0

2JyOQH

V]W

RG6GR6

=DWU]DVNRZH

V]W SRG]ELyU

RG6GR6

,QLFMXM FH

V]W SRG]ELyU

RG6GR6

=QDF]QLNLVWDQX

6

:VND QLNRZH

V]W

RG6GR6

PV

=DNUHVRGGRV

V]W

RG7GR7

PV

=DNUHVRGGRV

V]W

RG7GR7

PV]

SRGWU]\PDQLHP

=DNUHVRGGRV

V]W

RG7GR7

7LPHU\ 7

PV]

SRGWU]\PDQLHP

=DNUHVRGGRV

V]W

RG7GR7

2JyOQH

ELWRZH

=DNUHVRGGR

V]W

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

=DWU]DVNRZH

ELWRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

2JyOQH

ELWRZH

=DNUHVRGGR



V]W

RG&GR&

W\SELWRZ\OLF]QLN

GZXNLHUXQNRZ\

/LF]QLNL &

=DWU]DVNRZH

ELWRZH

V]W

RG&GR&

W\SELWRZ\OLF]QLN

GZXNLHUXQNRZ\

FL JGDOV]\QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,

(OHPHQW

6SHF\ILNDFMD

8ZDJL

ID]RZH

RG&GR&V]W

ID]RZH]

ZHM FLDPL

VWDUWVWRS

RG&GR&V]W

ID]RZH

RG&GR&V]W

/LF]QLNLV]\ENLH &

$%ID]RZH

=DNUHVRGGR

]OLF]H

5HJXáDRJyOQDZ\ELHUDü

NRPELQDFMHOLF]QLNyZ]

SRá F]RQ F] VWRWOLZR FL

]OLF]DQLDN+]OXEPQLHM

:V]\VWNLHOLF]QLNLV

]DWU]DVNRZH

RG&GR&V]W

2JyOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

SDUDGODXU] G]H ELWRZ\FK

=DWU]DVNRZH

V]W SRG]ELyU

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

SDUDGODXU] G]H ELWRZ\FK

3OLNRZH

V]W

RG'GR'XVWDZLDQ\FK

SU]H]SDUDPHWUZEORNDFKSR

NURNyZSURJUDPX

W\SELWRZ\UHMHVWUGDQ\FK

6SHFMDOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

5HMHVWU\GDQ\FK '

,QGHNVRZH

V]W

9L=

W\SELWRZ\UHMHVWUGDQ\FK

X \ZDQH]

LQVWUXNFM &$//

V]W

RG3GR3

:VND QLNL 3

X \ZDQHZ

SU]HUZDQLDFK

V]WLWLPHU\

RG,qGR,qL

RG,““GR,““

Z\]ZDODQLHQDUDVWDM FHq 

Z\]ZDODQLHRSDGDM FHq 

““F]DVZPV

3R]LRP\]DJQLH G H

V]WGRZ\NRU]\VWDQLD]0&L

0&5

RG1GR1

']LHVL WQH.

ELWRZHRGGR

ELWRZHRGGR

6WDáH

6]HVQDVWNRZH+

ELWRZHGR))))

ELWRZHGR))))))))

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND



0,768%,6+,

6SHF\ILNDFMDXU] G]H );

ZHUVMD&38RGLZV]\VWNLH);

&

(OHPHQW

6SHF\ILNDFMD

8ZDJL

0HWRGDZ\NRQ\ZDQLDSURJUDPX

&\NOLF]QHZ\NRQ\ZDQLH]DSDPL WDQHJRSURJUDPX

0HWRGDVWHURZDQLDZ\M FLDZHM FLD

3U]HWZDU]DQLHZVDGRZH JG\

Z\NRQ\ZDQDMHVWLQVWUXNFMD(1'

'RVW SQHMHVWRG ZLH DQLHLQVWUXNFML

ZHM FLDZ\M FLD

&]DVZ\NRQ\ZDQLDRSHUDFML

,QVWUXNFMHSRGVWDZRZH—V

,QVWUXNFMHVSHFMDOQHRGNLONXG]LHVL FLXVGR—V

- ]\NSURJUDPRZDQLD

- ]\NV\PEROLNLSU]HND QLNRZHM

VFKHPDWGUDELQNRZ\

6FKHPDWGUDELQNRZ\PR HE\ü

X \W\GRWZRU]HQLDSURJUDPyZ6)&

3RMHPQR üSURJUDPX

NURNyZ

UR]V]HU]DOQDGRNURNyZSU]\

]DVWRVRZDQLXNDVHW\SDPL FL

/LF]EDLQVWUXNFML

,QVWUXNFMHSRGVWDZRZH

,QVWUXNFMHGUDELQNRZH

,QVWUXNFMHVSHFMDOQH

'RVW SQHMHVWLQVWUXNFML

VSHFMDOQ\FKZHZV]\VWNLFK

RGPLDQDFK

.RQILJXUDFMDZHM FLDZ\M FLD

0DNVLPXPSXQNWyZNRQILJXUDF\MQ\FKVSU] WRZ\FKZHM üZ\M ü

]DOH Q\FKRGX \WNRZQLND

0DNV\PDOQDOLF]EDDGUHVRZDQ\FKZHM üZ\M ü

2JyOQH

V]W

RG0GR0

=DWU]DVNRZH

V]W SRG]ELyU

RG0GR0

3U]HND QLNL

SRPRFQLF]H

]QDF]QLNL0

6SHFMDOQH

V]W

]]DNUHVX0GR0

2JyOQH

V]W

RG6GR6

=DWU]DVNRZH

V]W SRG]ELyU

RG6GR6

,QLFMXM FH

V]W SRG]ELyU

RG6GR6

=QDF]QLNLVWDQX

6

:VND QLNRZH

V]W

RG6GR6

PV

=DNUHVRGGRV

V]W

RG7GR7

PV

=DNUHVRGGRV

V]W

RG7GR7

PV]

SRGWU]\PDQLHP

=DNUHVRGGRV

V]W

RG7GR7

7LPHU\ 7

PV]

SRGWU]\PDQLHP

=DNUHVRGGRV

V]W

RG7GR7

2JyOQH

ELWRZH

=DNUHVRGGR

V]W

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

=DWU]DVNRZH

ELWRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

2JyOQH

ELWRZH

=DNUHVRGGR



V]W

RG&GR&

W\SELWRZ\OLF]QLN

GZXNLHUXQNRZ\

/LF]QLNL &

=DWU]DVNRZH

ELWRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLN

GZXNLHUXQNRZ\

FL JGDOV]\QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,

(OHPHQW

6SHF\ILNDFMD

8ZDJL

ID]RZH

RG&GR&V]W

ID]RZH]

ZHM FLDPL

VWDUWVWRS

RG&GR&V]W

ID]RZH

RG&GR&V]W

/LF]QLNLV]\ENLH &

$%ID]RZH

=DNUHVRGGR

]OLF]H

5HJXáDRJyOQDZ\ELHUDü

NRPELQDFMHOLF]QLNyZ]

SRá F]RQ F] VWRWOLZR FL

]OLF]DQLDN+]OXEPQLHM

:V]\VWNLHOLF]QLNLV

]DWU]DVNRZH

RG&GR&V]W

2JyOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUD

GODXU] G]H ELWRZ\FK

=DWU]DVNRZH

V]W SRG]ELyU

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUD

GODXU] G]H ELWRZ\FK

3OLNRZH

V]W

RG'GR'XVWDZLDQ\FK

SU]H]SDUDPHWUZEORNDFKSR

NURNyZSURJUDPX

W\SELWRZ\UHMHVWUGDQ\FK

3OLNRZH5$0

V]W

RG'GR'DNW\ZQ\FK

JG\0MHVWZVWDQLH21

W\SELWRZ\UHMHVWUGDQ\FK

6SHFMDOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

5HMHVWU\GDQ\FK '

,QGHNVRZH

V]W

9L=

W\SELWRZ\UHMHVWUGDQ\FK

X \ZDQH]

LQVWUXNFM &$//

V]W

RG3GR3

:VND QLNL 3

X \ZDQHZ

SU]HUZDQLDFK

V]WWLPHU\

LOLF]QLNyZ

RG,qGR,qL

RG,““GR,““

RG,GR,

Z\]ZDODQLHQDUDVWDM FHq 

Z\]ZDODQLHRSDGDM FHq 

““F]DVZPV

3R]LRP\]DJQLH G H

V]WGRZ\NRU]\VWDQLD]0&L

0&5

RG1GR1

']LHVL WQH.

ELWRZHRGGR

ELWRZHRGGR

6]HVQDVWNRZH+

ELWRZHGR))))

ELWRZHGR))))))))

6WDáH

=PLHQQR

SU]HFLQNRZH

ELWRZH[



[



QLHGRZSURZDG]HQLDEH]SR UHGQLR

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND



0,768%,6+,

6SHF\ILNDFMDXU] G]H );

1

(OHPHQW

6SHF\ILNDFMD

8ZDJL

0HWRGDZ\NRQ\ZDQLDSURJUDPX

&\NOLF]QHZ\NRQ\ZDQLH]DSDPL WDQHJRSURJUDPX

0HWRGDVWHURZDQLDZ\M FLDZHM FLD

3U]HWZDU]DQLHZVDGRZH JG\

Z\NRQ\ZDQDMHVWLQVWUXNFMD(1'

'RVW SQHMHVWRG ZLH DQLHLQVWUXNFML

ZHM FLDZ\M FLD

&]DVZ\NRQ\ZDQLDRSHUDFML

,QVWUXNFMHSRGVWDZRZH—V

,QVWUXNFMHVSHFMDOQHRGNLONXG]LHVL FLXVGR—V

- ]\NSURJUDPRZDQLD

- ]\NV\PEROLNLSU]HND QLNRZHM

VFKHPDWGUDELQNRZ\

6FKHPDWGUDELQNRZ\PR HE\ü

X \W\GRWZRU]HQLDSURJUDPyZ6)&

3RMHPQR üSURJUDPX

NURNyZ

UR]V]HU]DOQDGRNURNyZSU]\

]DVWRVRZDQLXNDVHW\SDPL FL

/LF]EDLQVWUXNFML

,QVWUXNFMHSRGVWDZRZH

,QVWUXNFMHGUDELQNRZH

,QVWUXNFMHVSHFMDOQH

'RVW SQHMHVW"""LQVWUXNFML

VSHFMDOQ\FKZHZV]\VWNLFK

RGPLDQDFK

.RQILJXUDFMDZHM FLDZ\M FLD

0DNVLPXPSXQNWyZNRQILJXUDF\MQ\FKVSU] WRZ\FKZHM üZ\M ü

]DOH Q\FKRGX \WNRZQLND

0DNV\PDOQDOLF]EDDGUHVRZDQ\FKZHM üZ\M ü

2JyOQH

V]W

RG0GR0

=DWU]DVNRZH

V]W SRG]ELyU

RG0GR0

3U]HND QLNL

SRPRFQLF]H

]QDF]QLNL0

6SHFMDOQH

V]W

]]DNUHVX0GR0

2JyOQH

V]W

RG6GR6

=DWU]DVNRZH

V]W SRG]ELyU

RG6GR6

,QLFMXM FH

V]W SRG]ELyU

RG6GR6

=QDF]QLNLVWDQX

6

:VND QLNRZH

V]W

RG6GR6

PV

=DNUHVRGGRV

V]W

RG7GR7

PV

=DNUHVRGGRV

V]W

RG7GR7

PV]

SRGWU]\PDQLHP

=DNUHVRGGRV

V]W

RG7GR7

7LPHU\ 7

PV]

SRGWU]\PDQLHP

=DNUHVRGGRV

V]W

RG7GR7

2JyOQH

ELWRZH

=DNUHVRGGR

V]W

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

=DWU]DVNRZH

ELWRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLNGRGDM F\

2JyOQH

ELWRZH

=DNUHVRGGR



V]W

RG&GR&

W\SELWRZ\OLF]QLNGZXNLHUXQNRZ\

/LF]QLNL &

=DWU]DVNRZH

ELWRZH

V]W SRG]ELyU

RG&GR&

W\SELWRZ\OLF]QLNGZXNLHUXQNRZ\

FL JGDOV]\QDQDVW SQHMVWURQLH

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND

0,768%,6+,

(OHPHQW

6SHF\ILNDFMD

8ZDJL

ID]RZH

RG&GR&V]W

ID]RZH]

ZHM FLDPL

VWDUWVWRS

RG&GR&V]W

ID]RZH

RG&GR&V]W

/LF]QLNLV]\ENLH

&

$%ID]RZH

=DNUHVRGGR

]OLF]H

5HJXáDRJyOQDZ\ELHUDüNRPELQDFMH

OLF]QLNyZ]SRá F]RQ

F] VWRWOLZR FL ]OLF]DQLDN+]OXE

PQLHM

:V]\VWNLHOLF]QLNLV ]DWU]DVNRZH

RG&GR&V]W

2JyOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUD

GODXU] G]H ELWRZ\FK

=DWU]DVNRZH

V]W SRG]ELyU

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FKSDUD

GODXU] G]H ELWRZ\FK

3OLNRZH

V]W SRG]ELyU

RG'GR'XVWDZLDQ\FK

SU]H]SDUDPHWUZEORNDFKSR

NURNyZSURJUDPX

W\SELWRZ\UHMHVWUGDQ\FK

6SHFMDOQH

V]W

RG'GR'

W\SELWRZ\UHMHVWUGDQ\FK

5HMHVWU\GDQ\FK

'

,QGHNVRZH

V]W

RG9GR9LRG=GR=

W\SELWRZ\UHMHVWUGDQ\FK

X \ZDQH]

LQVWUXNFM &$//

V]W

RG3GR3

:VND QLNL 3

X \ZDQHZ

SU]HUZDQLDFK

V]WWLPHU\

LOLF]QLNyZ

RG,qGR,qL

RG,““GR,““

RG,GR,

Z\]ZDODQLHQDUDVWDM FHq 

Z\]ZDODQLHRSDGDM FHq 

““F]DVZPV

3R]LRP\]DJQLH G H

V]WGRZ\NRU]\VWDQLD]

0&L0&5

RG1GR1

']LHVL WQH.

ELWRZHRGGR

ELWRZHRGGR

6]HVQDVWNRZH

+

ELWRZHGR))))

ELWRZHGR))))))))

6WDáH

=PLHQQR

SU]HFLQNRZH

ELWRZH[



[



QLHGRZSURZDG]HQLDEH]SR UHGQLR

background image

6WHURZQLNLSURJUDPRZDOQHVHULL);

6SHF\ILNDFMDXU] G]H VWHURZQLND



0,768%,6+,

1RWDWNL


Wyszukiwarka

Podobne podstrony:
h diagnostyka, czas wykonania, specyfikacja
Umowa na czas wykonania określonej pracy, administracja, prawo pracy, Semestr II
umowa na czas wykonania okreslonej pracy, administracja, prawo pracy, Semestr I
umowa na czas wykonania okreslonej pracy
Umowa o pracę na czas wykonania określonej pracy, rachunkowość, rachunkowość - materiały
05 8 5 Umowa o pracę na czas wykonania określonej pracy
Czas wykonania badania przedubojowego
UMOWA NA CZAS WYKONANIA okreslonej pracy
Umowa o pracę na czas wykonania określonej pracy
Umowa o pracę zawarta na czas wykonania określonej pracy 2
Umowa na czas wykonania określonej pracy
407 E5ABFCP0 Prezentacja Zestaw do diagnostyki urzadzen wykonawczych pompy H 1613 2 Nieznany
Umowa na czas wykonania okreslonej pracy
Umowa na czas wykonania określonej pracy, administracja, prawo pracy, Semestr II
Charakter prawny umowy na czas wykonania określonej pracy 2
Umowa o pracę na czas wykonania określonej pracy
SPECYFIKACJA TECHNICZNA?TONU PRZEZNACZONEGO DO WYKONANIAPŁYTY?TONOWEJ GALERII HANDLOWEJ
Porady Handlowe Propozycja 6 Metoda diagnozowania specyficznych potrzeb Sokratesa

więcej podobnych podstron