6WDW\VW\NDRSLVRZD-8
$QDOL]DZ\QLNyZEDGDQLDVWDW\VW\F]QHJR
±RSLVVWDW\VW\F]Q\
0LDU\VWDW\VW\F]QHMHGQHMFHFK\
FKDUDNWHU\VW\NLRSLVRZH SDUDPHWU\VWDW\VW\F]QH
¾
0LDU\SR]LRPXZDUWR FL PLDU\SRáR HQLD PLDU\WHQGHQFML
FHQWUDOQHM
¾
0LDU\G\VSHUVML PLDU\]PLHQQR FL UR]SURV]HQLD
]Uy QLFRZDQLD
¾
0LDU\VNR QR FL PLDU\DV\PHWULL
¾
0LDU\VSáDV]F]HQLD PLDU\NXUWR]\
3RG]LDá]HZ]JO GXQD]DNUHVGDQ\FKQLH]E GQ\FKGRZ\OLF]HQLD
PLDU
¾
0LDU\ NODV\F]QH Z\NRU]\VW\ZDQH V ZDUWR FL FHFK\
]DREVHUZRZDQHXZV]\VWNLFKMHGQRVWHN
¾
0LDU\SR]\F\MQH Z\NRU]\VW\ZDQHV ZDUWR FLFHFK\W\ONR
QLHNWyU\FKMHGQRVWHN
6WDW\VW\NDRSLVRZD-8
0LDU\SR]LRPXZDUWR FL
0LDU\SR]LRPXNODV\F]QH
x
UHGQLDDU\WPHW\F]QD
x
UHGQLDJHRPHWU\F]QD
x
UHGQLDKDUPRQLF]QD
UHGQLDDU\WPHW\F]QD
;
6]HUHJSURVW\
1
[
;
1
L
L
¦
6]HUHJSXQNWRZ\
¦
¦
¦
¦
]
L
L
L
]
L
L
L
]
L
L
]
L
L
L
Q
[
1
Q
[
Q
Q
[
;
6]HUHJSU]HG]LDáRZ\
¦
¦
¦
¦
]
L
L
L
]
L
L
L
]
L
L
]
L
L
L
Q
[
1
Q
[
Q
Q
[
;
1±OLF]HEQR üRJyOQD
L
Q
±OLF]HEQR üLWHJRSU]HG]LDáX L «]
L
Q
±F] VWR üZ]JO GQDLWHJRSU]HG]LDáX
L
[
± URGHNLWHJRSU]HG]LDáX
6WDW\VW\NDRSLVRZD-8
3U]\NáDG\
6]HUHJSURVW\
/LF]ED SU]HSUDFRZDQ\FK JRG]LQ QDGOLF]ERZ\FK SUDFRZQLNyZ
GZyFKG]LDáyZSHZQHJR]DNáDGX
']LDá8
']LDá3
']LDá8 1
']LDá3 1
¦
1
[
;
1
L
L
¦
1
[
;
1
L
L
6]HUHJUR]G]LHOF]\SXQNWRZ\
OLF]EDPLHMVF
QRFOHJRZ\FK[
L
/LF]ED
PLHMVFRZR FLQ
L
[
L
Q
L
5D]HP
1
¦
¦
]
L
L
]
L
L
L
Q
Q
[
;
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
=DNáDG$
[
L
[
L
!
Q
L
Q
L
L
[
L
L
Q
[
!
!
!
!
!
!
!
!
!
1
¦
¦
]
L
L
]
L
L
L
Q
Q
[
;
3U]HFL WQDSáDFDSUDFRZQLNyZ]DNáDGX$Z\QRVL]á
6WDW\VW\NDRSLVRZD-8
:áDVQR FL UHGQLHMDU\WPHW\F]QHM
PD[
PLQ
[
;
[
VXPDRGFK\OH ZDUWR FLFHFK\RG UHGQLHMMHVWUyZQD]HUX
¦
;
[
L
UHGQLDDU\WPHW\F]QDVXP\MHVWUyZQDVXPLH UHGQLFK
DU\WPHW\F]Q\FK
<
;
<
;
MH HOLND G ]ZDUWR FLFHFK\SRZL NV]\P\ SRPQLHMV]\P\
RSHZQ VWDá FWR UHGQLDDU\WPHW\F]QD]ZL NV]\VL
]PQLHMV]\ RW VWDá
F
;
F
[
L
r
r
¦
SU]HVNDORZDQLHZDUWR FLFHFK\MH HOLND G ]ZDUWR FLFHFK\
]ZL NV]\P\ ]PQLHMV]\P\ FUD]\WR UHGQLDDU\WPHW\F]QD
]ZL NV]\VL ]PQLHMV]\ FUD]\
F
;
1
F
;
1
F
[
F
[
L
L
¦
¦
SU]HVNDORZDQLHOLF]HEQR FLZV]HUHJDFKSXQNWRZ\FK
LSU]HG]LDáRZ\FKMH HOLND G ]OLF]HEQR FLNODV]ZL NV]\P\
]PQLHMV]\P\ FUD]\WR UHGQLDDU\WPHW\F]QDQLHXOHJQLH
]PLDQLH
;
[
;
Q
F
Q
F
[
F
Q
F
Q
L
L
L
L
L
L
¦
¦
¦
¦
6WDW\VW\NDRSLVRZD-8
0LDU\SR]LRPXSR]\F\MQH
x
'RPLQDQWD PRGD ZDUWR üPRGDOQD
x
0HGLDQD ZDUWR ü URGNRZD L.ZDQW\OH
.ZDUW\OH
'HF\OH
&HQW\OH SHUFHQW\OH
'RPLQDQWD PRGD ' ± QDMF] FLHM Z\VW SXM FD ZDUWR ü
ZDULDQW FHFK\ MHVW WR ZDUWR ü FHFK\ ZRNyá NWyUHM VNXSLD VL
QDMZL FHMMHGQRVWHNVWDW\VW\F]Q\FK
:\]QDF]DQLHGRPLQDQW\
6]HUHJUR]G]LHOF]\SXQNWRZ\
PD[
JG\
'
G
G
Q
[
OLF]EDPLHMVF
QRFOHJRZ\FK[
L
/LF]EDPLHMVFRZR FL
('RPLQDQWD (QDMZL NV]DOLF]HEQR ü
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
6]DFRZDQLHGRPLQDQW\
'
|
G
G
G
G
G
G
G
G
Q
Q
Q
Q
Q
Q
K
[
JG]LH
G
[
GROQDJUDQLFDSU]HG]LDáXGRPLQDQW\
G
K
UR]SL WR üSU]HG]LDáXGRPLQDQW\
G
Q
OLF]HEQR üSU]HG]LDáXGRPLQDQW\
G
Q
OLF]HEQR üSU]HG]LDáXSRSU]HG]DM FHJRSU]HG]LDá
GRPLQDQW\
G
Q
OLF]HEQR üSU]HG]LDáXQDVW SXM FHJRSRSU]HG]LDOH
GRPLQDQW\
SU]\NáDG =DNáDG$
[
L
[
L
!
Q
L
!
!
!
!(SU]HG]LDáGRPLQDQW\
!
!
!
!
!
'
|
6WDW\VW\NDRSLVRZD-8
JUDILF]QHV]DFRZDQLHGRPLQDQW\
5R]NáDG FHFK\ZSRSXODFML MHVWMHGQRPRGDOQ\ PRQRPRGDOQ\
JG\ Z\VW SXMH MHGQD GRPLQDQWDDZLHORPRGDOQ\ SROLPRGDOQ\
JG\Z\VW SXMHZL FHMQL MHGQDGRPLQDQWD
'
6WDW\VW\NDRSLVRZD-8
0HGLDQD ZDUWR ü URGNRZD 0 ± MHVW ZDUWR FL FHFK\ NWyUD
G]LHOL]ELRURZR üQDGZLHOLF]HEQLHUyZQHF] FL GRMHGQHM]QLFK
QDOH MHGQRVWNL VWDW\VW RZDUWR FLDFK FHFK\ PQLHMV]\FK OXE
UyZQ\FK PHGLDQLH GR GUXJLHM MHGQRVWNL RZDUWR FLDFK FHFK\
ZL NV]\FKOXEUyZQ\FKPHGLDQLH
0HGLDQDMHVWZDUWR FL FHFK\MDN SU]\MPXMHMHGQRVWND]DMPXM FD
SR]\FM URGNRZ ZXSRU] GNRZDQ\PFL JXZDUWR FL
:\]QDF]DQLHPHGLDQ\
6]HUHJSURVW\
/LF]HEQR ü1QLHSDU]\VWD
/LF]HEQR ü1SDU]\VWD
0
1
[
0
1
1
[
[
JG]LH
JG]LH
1
QXPHU MHGQRVWNL
URGNRZHM
1
L
1
QXPHU\
GZyFKMHGQRVWHN URGNRZ\FK
SU]\NáDG
/LF]ED SU]HSUDFRZDQ\FK JRG]LQ QDGOLF]ERZ\FK SUDFRZQLNyZ
GZyFKG]LDáyZSHZQHJR]DNáDGX
']LDá8
']LDá3
']LDá8 1
']LDá3 1
0
1
[
0
1
1
[
[
JG]LH
JG]LH
1
1
1
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SXQNWRZ\
SU]\NáDG
OLF]EDPLHMVF
QRFOHJRZ\FK[
L
/LF]ED
PLHMVFRZR FL
6NXPXORZDQDOLF]ED
PLHMVFRZR FL
5D]HP
1
OLF]EDPLHMVF
QRFOHJRZ\FK[
L
/LF]ED
PLHMVFRZR FL
6NXPXORZDQDOLF]ED
PLHMVFRZR FL
(0HGLDQD
(PLHMVFRZR FLR
QXPHUDFKRGGR
1
1
0
[
[
[
[
1
1
3RáRZD EDGDQ\FK PLHMVFRZR FL G\VSRQXMH FR QDMZ\ HM
PLHMVFDPL QRFOHJRZ\PL QDWRPLDVW GUXJD SRáRZD PLHMVFRZR FL
FRQDMPQLHMPLHMVFDPLQRFOHJRZ\PL
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
6]DFRZDQLHPHGLDQ\
P
P
P
L
L
P
Q
K
Q
1
[
¸¸¹
·
¨¨©
§
|
¦
0
JG]LH
P
[
GROQDJUDQLFDSU]HG]LDáXPHGLDQ\
¦
P
L
L
Q
VXPDOLF]HEQR FLSU]HG]LDáyZSRSU]HG]DM F\FK
SU]HG]LDáPHGLDQ\
P
K
UR]SL WR üSU]HG]LDáXPHGLDQ\
P
Q
OLF]HEQR üSU]HG]LDáXPHGLDQ\
SU]\NáDG =DNáDG$ 1
1
L
1
[
L
[
L
!
Q
L
VNXPXORZDQH
Q
L
!
!
!
!(SU]HG]LDáPHGLDQ\
!
!
!
!
!
0
¸
¹
·
¨
©
§
|
6WDW\VW\NDRSLVRZD-8
JUDILF]QHV]DFRZDQLHPHGLDQ\
.ZDQW\OH
4
M
Y
SU]HFL WQH SR]\F\MQH Z\ V]\FK U] GyZ
±
X]\VNXMHP\ G]LHO F ]ELRURZR ü QD ZL FHM QL GZLH UyZQH
OLF]HEQLHF] FL
QDF]WHU\F] FL NZDUW\OH4
M
WU]\NZDUW\OH4
4
4
QDG]LHVL üF] FLGHF\OH4
M
QDVWRF] FLFHQW\OH SHUFHQW\OH 4
M
JG]LHMR]QDF]DQXPHUNZDQW\ODLM «Y YOLF]EDF] FL
:\]QDF]DQLHNZDQW\OL
6]HUHJSURVW\
Y
1
M
Y
M
[
4
6]HUHJUR]G]LHOF]\SXQNWRZ\
N
Y
M
[
4
JG]LHN±SU]HG]LDáMWHJRNZDQW\OD
0
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
N
N
N
L
L
N
Y
M
Q
K
Q
Y
1
M
[
¸¸¹
·
¨¨©
§
|
¦
4
JG]LH
N
[
GROQDJUDQLFDSU]HG]LDáX]DZLHUDM FHJRMW\NZDQW\O
¦
N
L
L
Q
VXPDOLF]HEQR FLSU]HG]LDáyZSRSU]HG]DM F\FK
SU]HG]LDáMWHJRNZDQW\OD
N
K
UR]SL WR üSU]HG]LDáXMWHJRNZDQW\OD
N
Q
OLF]HEQR üSU]HG]LDáXMWHJRNZDQW\OD
8ZDJD
:\]QDF]DQLH NZDQW\OL PD VHQV SU]\ GX \FK OLF]HEQR FLDFK
EDGDQ\FK]ELRURZR FL ]ZáDV]F]DGHF\OLLFHQW\OL
6WDW\VW\NDRSLVRZD-8
SU]\NáDG
=DNáDG$ 1
[
L
[
L
!
Q
L
VNXPXORZDQHQ
L
!
!
!(SU]HG]LDá4
RGGR
!(SU]HG]LDá4
RG GR
!
!(SU]HG]LDá4
RGGR
!
!
!
.ZDUW\O4
M Y
Y
1
M
4
¸
¹
·
¨
©
§
|
.ZDUW\O4
M Y
Y
1
M
4
¸
¹
·
¨
©
§
|
.ZDUW\O4
M Y
Y
1
M
0
4
¸
¹
·
¨
©
§
|
6WDW\VW\NDRSLVRZD-8
JUDILF]QHV]DFRZDQLHNZDUW\OL
,QWHUSUHWDFMD
4
|
0
4
|
4
|
SUDFRZQLNyZ ]DNáDGX $ QDMQL HM ]DUDELDM F\FK RWU]\PXMH
SáDF QLH SU]HNUDF]DM F ]á QDWRPLDVW SUDFRZQLNyZ
QDMOHSLHM ]DUDELDM F\FK X]\VNXMH SáDF Z\QRV] F FR QDMPQLHM
]á3RáRZDSUDFRZQLNyZ]DUDELDFRQDMZ\ HM ]á
4
0 4
0
4
6WDW\VW\NDRSLVRZD-8
0LDU\UR]SURV]HQLD
PLDU\]PLHQQR FL G\VSHUVML ]Uy QLFRZDQLD
0LDU\UR]SURV]HQLDNODV\F]QH
x
:DULDQFMD
x
2GFK\OHQLHVWDQGDUGRZH
x
2GFK\OHQLHSU]HFL WQH
0LDU\UR]SURV]HQLDSR]\F\MQH
x
5R]VW S
x
2GFK\OHQLHüZLDUWNRZH
,,SRG]LDáPLDUUR]SURV]HQLD
¾
0LDU\ DEVROXWQH EH]Z]JO GQH
± SRVLDGDM PLDQR
EDGDQHMFHFK\
x
ZV]\VWNLHPLDU\ZZ
¾
0LDU\VWRVXQNRZH Z]JO GQH
±QLHSRVLDGDM PLDQD
x
:VSyáF]\QQLN]PLHQQR FLNODV\F]Q\
x
:VSyáF]\QQLN]PLHQQR FLSR]\F\MQ\
6WDW\VW\NDRSLVRZD-8
:DULDQFMD
;
6
UHGQLDDU\WPHW\F]QDNZDGUDWyZRGFK\OH
ZDUWR FLFHFK\RGMHM UHGQLHMDU\WPHW\F]QHM
6]HUHJSURVW\
1
;
1
;
[
;
6
1
L
L
YDU
¦
3U]\NáDG
;OLF]EDSU]HSUDFRZDQ\FKJRG]LQQDGOLF]ERZ\FKSUDFRZQLNyZ
SHZQHJR]DNáDGX
']LDá8
']LDá3
']LDá8
;
;
6
']LDá3
;
;
6
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SXQNWRZ\
¦
¦
]
L
L
]
L
L
L
Q
Q
;
[
;
6
3U]\NáDG
;OLF]EDPLHMVFQRFOHJRZ\FK
;
OLF]EDPLHMVF
QRFOHJRZ\FK
[
L
/LF]ED
PLHMVFRZR FL
Q
L
;
[
L
L
L
Q
;
[
5D]HP
1
;
6
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
¦
¦
]
L
L
]
L
L
L
Q
Q
;
[
;
6
3U]\NáDG
;±ZLHONR üZ\QDJURG]HQLDSUDFRZQLNyZ]DNáDGX$
;
[
L
[
L
!
Q
L
L
[
;
[
L
L
L
Q
;
[
!
!
!
!
!
!
!
!
!
1
;
6
6WDW\VW\NDRSLVRZD-8
1DMZD QLHMV]HZáDVQR FLZDULDQFML
t
;
6
ZDULDQFMDMHVWUy QLF PL G]\ UHGQL DU\WPHW\F]Q
NZDGUDWyZZDUWR FLFHFK\DNZDGUDWHP UHGQLHMDU\WPHW\F]QHM
;
;
;
6
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
;
Q
Q
[
;
6
]
L
L
]
L
L
L
¦
¦
6WDW\VW\NDRSLVRZD-8
2GFK\OHQLH VWDQGDUGRZH
;
6
SU]HFL WQH RGFK\OHQLH
]Uy QLFRZDQLH ZDUWR FLFHFK\RGMHM UHGQLHMDU\WPHW\F]QHM
;
6
;
6
3U]\NáDG\
6]HUHJSURVW\
']LDá8
']LDá3
;
6
;
6
3U]HFL WQH ]Uy QLFRZDQLH OLF]E\ JRG]LQ QDGOLF]ERZ\FK
SU]HSUDFRZDQ\FK SU]H] SUDFRZQLNyZ Z]JO GHP UHGQLHM OLF]E\
JRG]LQQDGOLF]ERZ\FKZ\QRVLZG]LDOH8JRG]DZG]LDOH3
JRG]
6]HUHJUR]G]LHOF]\SXQNWRZ\
;OLF]EDPLHMVFQRFOHJRZ\FK
;
6
3U]HFL WQH RGFK\OHQLH OLF]E\ RIHURZDQ\FK PLHMVF QRFOHJRZ\FK
ZEDGDQ\FK PLHMVFRZR FLDFK RG UHGQLHM OLF]E\ PLHMVF
QRFOHJRZ\FKMHVWUyZQH
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
;±ZLHONR üZ\QDJURG]HQLDSUDFRZQLNyZ]DNáDGX$
;
6
6WDW\VW\NDRSLVRZD-8
2GFK\OHQLH SU]HFL WQH
;
G
UHGQLDDU\WPHW\F]QDPRGXáyZ
RGFK\OH ZDUWR FLFHFK\RGMHM UHGQLHMDU\WPHW\F]QHM
6]HUHJSURVW\
1
;
[
;
G
1
L
L
¦
3U]\NáDG
;OLF]EDSU]HSUDFRZDQ\FKJRG]LQQDGOLF]ERZ\FKSUDFRZQLNyZ
SHZQHJR]DNáDGX
']LDá8
']LDá3
']LDá8
;
;
G
']LDá3
;
;
G
6WDW\VW\NDRSLVRZD-8
6]HUHJUR]G]LHOF]\SXQNWRZ\
¦
¦
]
L
L
]
L
L
L
Q
Q
;
[
;
G
6]HUHJUR]G]LHOF]\SU]HG]LDáRZ\
¦
¦
]
L
L
]
L
L
L
Q
Q
;
[
;
G
6WDW\VW\NDRSLVRZD-8
0LDU\SR]\F\MQHUR]SURV]HQLD
5R]VW S / ± Uy QLFD PL G]\ VNUDMQ\PL ZDUWR FLDPL FHFK\
RNUH ODHPSLU\F]Q\REV]DU]PLHQQR FLEDGDQHMFHFK\
PLQ
PD[
[
[
/
2GFK\OHQLHüZLDUWNRZH4±RNUH ODSU]HFL WQHRGFK\OHQLH
URGNRZ\FKMHGQRVWHN]ELRURZR FL
4
4
4
3U]\NáDG
;±ZLHONR üZ\QDJURG]HQLDSUDFRZQLNyZ]DNáDGX$
4
|
4
|
4
3U]HFL WQH RGFK\OHQLH QDMEDUG]LHM W\SRZ\FK SáDF SUDFRZQLNyZ
]DNáDGX$RGZDUWR FL URGNRZHMZ\QRVL
6WDW\VW\NDRSLVRZD-8
7\SRZ\ REV]DU ]PLHQQR FL
± SU]HG]LDá ZDUWR FL FHFK\
QDMEDUG]LHMW\SRZ\FKGODEDGDQHM]ELRURZR FL
7\SRZ\REV]DU]PLHQQR FLNODV\F]Q\
;
6
;
;
6
;
7\SRZ\REV]DU]PLHQQR FLSR]\F\MQ\
4
0
4
0
3U]\NáDG
;±ZLHONR üZ\QDJURG]HQLDSUDFRZQLNyZ]DNáDGX$
7\SRZ\REV]DU]PLHQQR FLNODV\F]Q\
o
;
6
;
7\SRZ\REV]DU]PLHQQR FLSR]\F\MQ\
4
0
o
7\SRZH Z\QDJURG]HQLH SUDFRZQLNyZ HWDWRZ\FK ]DNáDGX $
PLH FLVL ZSU]HG]LDOH
: UyG URGNRZ\FK ZDUWR FL Z\QDJURG]HQLD SUDFRZQLNyZ
]DNáDGX $ ]D W\SRZH QDOH \ X]QDü Z\QDJURG]HQLH ] SU]HG]LDáX
6WDW\VW\NDRSLVRZD-8
0LDU\VWRVXQNRZH Z]JO GQH
:VSyáF]\QQLN ]PLHQQR FL NODV\F]Q\
;N
9
RNUH OD VWRSLH
]Uy QLFRZDQLDMHGQRVWHNVWDW\VWZFDáHM]ELRURZR FL
;
;
6
9
;N
:VSyáF]\QQLN ]PLHQQR FL SR]\F\MQ\
;S
9
RNUH OD VWRSLH
]Uy QLFRZDQLDMHGQRVWHNZ URGNRZHMF] FLUR]NáDGX
0
4
;S
9
;
9
]Uy QLFRZDQLHVáDEH
;
9
]Uy QLFRZDQLHZ\UD QH
!
;
9
]Uy QLFRZDQLHVLOQH
3U]\NáDG
;±ZLHONR üZ\QDJURG]HQLDSUDFRZQLNyZ]DNáDGX$
;N
9
;S
9
6WDW\VW\NDRSLVRZD-8
$V\PHWULD VNR QR ü UR]NáDGX
'
;
'
;
;
'
$V\PHWULD
OHZRVWURQQD
XMHPQD
$V\PHWULD
SUDZRVWURQQD
GRGDWQLD
5R]NáDGV\PHWU\F]Q\
6WDW\VW\NDRSLVRZD-8
0LDU\DV\PHWULL VNR QR FL
x
:VSyáF]\QQLNVNR QR FL
x
:VSyáF]\QQLNDV\PHWULLSR]\F\MQ\
x
:VSyáF]\QQLNDV\PHWULLNODV\F]Q\
:VSyáF]\QQLNVNR QR FL
;
6
;
6
'
'
JG\
6
;
6
:VSyáF]\QQLNDV\PHWULLSR]\F\MQ\
4
4
0
4
S
$
S
$
DV\PHWULDVáDED
DV\PHWULDXPLDUNRZDQD
DV\PHWULDVLOQD
6WDW\VW\NDRSLVRZD-8
0RPHQW U] GX U ± UHGQLD DU\WPHW\F]QD UWHM SRW JL RGFK\OH
ZDUWR FLFHFK\RGOLF]E\D
1
Q
D
[
]
L
L
U
L
¦
*G\D ±PRPHQW]Z\Ná\
P
U
*G\D
;
±PRPHQWFHQWUDOQ\
H
U
3LHUZV]\PRPHQW]Z\Ná\D LU
;
1
Q
[
P
]
L
L
L
¦
'UXJLPRPHQWFHQWUDOQ\D
;
LU
;
6
1
Q
;
[
H
]
L
L
L
¦
7U]HFLPRPHQWFHQWUDOQ\ PRPHQWFHQWUDOQ\WU]HFLHJRU] GX
1
Q
;
[
H
]
L
L
L
¦
6WDW\VW\NDRSLVRZD-8
:VSyáF]\QQLNDV\PHWULLNODV\F]Q\
;
6
H
$
N
N
$
SUDNW\F]QLH
DV\PHWULDVáDED
DV\PHWULDXPLDUNRZDQD
DV\PHWULDVLOQD
3U]\NáDG
;±ZLHONR üZ\QDJURG]HQLDSUDFRZQLNyZ]DNáDGX$
'
;
6
;
4
4
0
4
6
S
$
6WDW\VW\NDRSLVRZD-8
[
L
[
L
!
Q
L
L
[
;
[
L
L
L
Q
;
[
!
!
!
!
!
!
!
!
!
1
H
;
6
N
$
:\VRNR ü
Z\QDJURG]HQLD
SUDFRZQLNyZ
]DNáDGX
$
FKDUDNWHU\]XMHVL VáDE DV\PHWUL SUDZRVWURQQ