Herunterladen Diese Seite drucken

Werbung

%(',(181*6$1/(,781*
'LHVHV+DQGEX.KEHV.KUHLEWGLH)XQNWLRQHQGHU7HOHIRQH7ULXP'XDOEDQG*600RGHOO
0DUVXQG1HSWXQH
$XVJDEH
‹0LWVXELVKL(OH.WUL.7HOH.RP(XURSH
1LHGHUODVVXQJ'HXWV.KODQG5DWLQJHQ
'LHVHV+DQGEX.KHQWKlOW+LQZHLVH]XU%HGLHQXQJGLHPLWJU|‰WHU6RUJIDOWXQG*HQDXLJNHLWHUVWHOOWZRUGHQ
VLQG0LWVXELVKLEHKlOWVL.KMHGR.KGDV5H.KWYRURKQHYRUKHULJH$QNQGLJXQJDQGHPLQGLHVHP+DQGEX.K
EHV.KULHEHQHQ3URGXNWRGHUGHP+DQGEX.KVHOEVWLQ=XNXQIWbQGHUXQJHQXQG9HUEHVVHUXQJHQ
YRU]XQHKPHQ

Werbung

loading

Inhaltszusammenfassung für Mitsubishi Electric Mars-Neptune

  • Seite 1 %(',(181*6$1/(,781* 'LHVHV+DQGEX.KEHV.KUHLEWGLH)XQNWLRQHQGHU7HOHIRQH7ULXP'XDOEDQG*600RGHOO 0DUVXQG1HSWXQH $XVJDEH ‹0LWVXELVKL(OH.WUL.7HOH.RP(XURSH 1LHGHUODVVXQJ'HXWV.KODQG5DWLQJHQ 'LHVHV+DQGEX.KHQWKlOW+LQZHLVH]XU%HGLHQXQJGLHPLWJU|‰WHU6RUJIDOWXQG*HQDXLJNHLWHUVWHOOWZRUGHQ VLQG0LWVXELVKLEHKlOWVL.KMHGR.KGDV5H.KWYRURKQHYRUKHULJH$QNQGLJXQJDQGHPLQGLHVHP+DQGEX.K EHV.KULHEHQHQ3URGXNWRGHUGHP+DQGEX.KVHOEVWLQ=XNXQIWbQGHUXQJHQXQG9HUEHVVHUXQJHQ YRU]XQHKPHQ...
  • Seite 2 'DV0DUVDXIHLQHQ%OL.N $QWHQQH $QUXIXQG$NNXODGHVWDQG $Q]HLJH *UDILV.KH$Q]HLJH 7HOHIRQQXPPHUQ0HQV .RSIK|UHUEX.KVH 0LWWHLOXQJHQXVZZHUGHQ KLHUDQJH]HLJW &XUVRUWDVWH 3URJUDPPLHUEDUH 1DYLJLHUWGXU.KGLH 6SHL.KHUDGUHVVHQXQG0HQV )XQNWLRQVE]Z 1D.KOLQNVGU.NHQXPGLH $XVZDKOWDVWHQ (LQWUlJHGHV7HOHIRQEX.KV]X VHKHQRGHU]XUYRUKHULJHQ )KUHQGLH)XQNWLRQHQDXV GLHGXU.KGHQMHZHLOLJHQ7H[W $Q]HLJH]XU.N]XNHKUHQ GDUEHUEH]HL.KQHWZHUGHQ 1D.KUH.KWVGU.NHQXPGDV +DXSWPHQ]X|IIQHQXQG (LQ$XV(1'(7DVWH RGHUHLQH)XQNWLRQDXVGHUDQ JH]HLJWHQ/LVWHDXV]XZlKOHQ =XP(LQE]Z$XVV.KDOWHQ .XU]QD.KREHQGU.NHQXP GHV7HOHIRQVJHGU.NWKDOWHQ 'U.NHQXPHLQ*HVSUl.K]X GDV0HQDXIZlUWV]XUROOHQ EHHQGHQRGHU]XU%HUH 'U.NHQXPGDV/DXWVWlUNH LWV.KDIWVDQ]HLJH]XU.N]X PHQYRQGHU%HUHLWV.KDIWV NHKUHQ DQ]HLJHDXVDXI]XUXIHQ .XU]QD.KXQWHQGU.NHQXP $OSKDQXPHULV.KH GDV0HQDEZlUWV]XUROOHQ 7DVWHQ 'U.NHQXPGLH$ODUP...
  • Seite 3 'DV1HSWXQHDXIHLQHQ%OL.N $QWHQQH $QUXIXQG$NNXODGHVWDQG $Q]HLJH *UDILV.KH$Q]HLJH 7HOHIRQQXPPHUQ0HQV .RSIK|UHUEX.KVH 0LWWHLOXQJHQXVZZHUGHQ KLHUDQJH]HLJW &XUVRUWDVWH 3URJUDPPLHUEDUH 1DYLJLHUWGXU.KGLH )XQNWLRQVE]Z 6SHL.KHUDGUHVVHQXQG0HQV 1D.KOLQNVGU.NHQXPGLH $XVZDKOWDVWHQ (LQWUlJHGHV7HOHIRQEX.KV]X )KUHQGLH)XQNWLRQHQDXV VHKHQRGHU]XUYRUKHULJHQ GLHGXU.KGHQMHZHLOLJHQ $Q]HLJH]XU.N]XNHKUHQ 7H[WGDUEHUEH]HL.KQHW 1D.KUH.KWVGU.NHQXPGDV ZHUGHQ +DXSWPHQ]X|IIQHQXQGRGHU HLQH)XQNWLRQDXVGHUDQ (LQ$XV(1'(7DVWH JH]HLJWHQ/LVWHDXV]XZlKOHQ =XP(LQE]Z$XVV.KDOWHQ .XU]QD.KREHQGU.NHQXP GHV7HOHIRQVJHGU.NW GDV0HQDXIZlUWV]XUROOHQ KDOWHQ'U.NHQXPHLQ*H 'U.NHQXPGDV/DXWVWlUNH VSUl.K]XEHHQGHQRGHU]XU PHQYRQGHU%HUHLWV.KDIWVDQ %HUHLWV.KDIWVDQ]HLJH]XU.N ]HLJHDXVDXI]XUXIHQ ]XNHKUHQ .XU]QD.KXQWHQGU.NHQXP GDV0HQDEZlUWV]XUROOHQ $OSKDQXPHULV.KH 'U.NHQXPGLH$ODUP...
  • Seite 4 (LQIKUXQJ :LUEHGDQNHQXQVEHL,KQHQIUGHQ.DXIGHV0RELOWHOHIRQV7ULXP0DUV1HSWXQH 'XDOEDQG'DVLQGLHVHP+DQGEX.KEHV.KULHEHQH7HOHIRQLVWIUGHQ%HWULHELQ *60XQG1HW]HQJHHLJQHW'LH]XU9HUIJXQJVWHKHQGHQ'LHQVWHXQG GLHDQJH]HLJWHQ+LQZHLVHN|QQHQMHQD.K,PSOHPHQWLHUXQJGXU.K,KUHQ1HW]EH WUHLEHUYHUV.KLHGHQDXVIDOOHQ :LHDOOH)XQNJHUlWHVHQGHWDX.KGLHVHV0RELOWHOHIRQHOHNWURPDJQHWLV.KH:HOOHQ DXV(VHQWVSUL.KWGHQLQWHUQDWLRQDOHQ%HVWLPPXQJHQVRIHUQHVXQWHUQRUPDOHQ %HWULHEVEHGLQJXQJHQXQGLQhEHUHLQVWLPPXQJPLWGHQXQWHQXQGDXIGHQ6HLWHQ XQGDQJHJHEHQHQ6L.KHUKHLWVXQG:DUQKLQZHLVHQJHKDQGKDEWZLUG $OOJHPHLQH6L.KHUKHLW %HLP*HEUDX.KGHV7HOHIRQVPVVHQDXIJUXQGGHU0|JOL.KNHLWYRQ5DGLRIUHTXHQ] VW|UXQJHQXQEHGLQJWDOOHEHVRQGHUHQ%HVWLPPXQJHQEHUGHQ(LQVDW]YRQ)XQN VHQGHUQEHD.KWHWZHUGHQ %LWWHEHD.KWHQ6LHGDKHUGLHQD.KVWHKHQGHQ6L.KHUKHLWVHPSIHKOXQJHQ 6.KDOWHQ6LHGDV7HOHIRQLQHLQHP)OXJ]HXJDEXQGQHKPHQ6LHGHQ$NNX KHUDXV'HU*HEUDX.KYRQ0RELOWHOHIRQHQLQHLQHP)OXJ]HXJNDQQGHQ%H WULHEGHV)OXJ]HXJVJHIlKUGHQGDV0RELOIXQNQHW]VW|UHQXQGLVWLOOHJDO%HL 1L.KWEHD.KWXQJGLHVHU$QZHLVXQJNDQQGHU1XW]HUYRP*HEUDX.KGHU0R ELOWHOHIRQGLHQVWH]HLWZHLOLJRGHUGDXHUKDIWDXVJHV.KORVVHQXQGRGHUVWUDI UH.KWOL.KYHUIROJWZHUGHQ 6.KDOWHQ6LHGDV7HOHIRQLQGHU1lKHYRQ7DQNVWHOOHQRGHUHQWIODPPEDUHQ 6WRIIHQDXV 6.KDOWHQ6LHGDV7HOHIRQLQ.UDQNHQKlXVHUQXQGDQDQGHUHQ2UWHQDQGH QHQPHGL]LQLV.KH*HUlWHEHQXW]WZHUGHQN|QQHQDXV %HD.KWHQ6LHGLH(LQV.KUlQNXQJHQEH]JOL.KGHV*HEUDX.KVYRQ)XQNVHQ GHUQLQ%UHQQVWRIIODJHUQ.KHPLV.KHQ$QODJHQXQGEHL6SUHQJDUEHLWHQ %HLP*HEUDX.KGHV7HOHIRQVLQGHU1lKHYRQQL.KWDXVUHL.KHQGDEJHVL.KHU WHQSHUV|QOL.KHQPHGL]LQLV.KHQ*HUlWHQZLH+|UKLOIHQXQG+HU]V.KULWWPD .KHUQNDQQHLQH*HIlKUGXQJJHJHEHQVHLQ)UDJHQ6LH,KUHQ$U]WRGHUGHQ +HUVWHOOHUGHVPHGL]LQLV.KHQ*HUlWHVREGLHVHVDXVUHL.KHQGDEJHVL.KHUWLVW $X.KGHU*HEUDX.KGHV7HOHIRQVLQGHU1lKHYRQDQGHUHQHOHNWURQLV.KHQ *HUlWHQNDQQ]X6W|UXQJHQIKUHQZHQQGLHVHQL.KWDXVUHL.KHQGDEJHVL .KHUWVLQG$.KWHQ6LHDXIDOOH:DUQKLQZHLVHXQG(PSIHKOXQJHQGHU+HU VWHOOHU 9HUPHLGHQ6LHEHLHLQJHV.KDOWHWHP7HOHIRQHLQHQOlQJHUHQ.RQWDNW]ZL V.KHQGHU$QWHQQHXQG,KUHU+DXW 'LHVHV*HUlWGDUIQXU]XVDPPHQPLWGHQIROJHQGHQ1HW]WHLOHQYHUZHQGHWZHUGHQ 6WH.NHUQHW]JHUlWH 0$0$ 7LV.KODGHJHUlW 0$0$ 0$0$ XQG)DKU]HXJ.LWV 0$0$0$0$  $OOHDQGHUHQ/DGHJHUlWHRGHU$GDSWHUIKUHQ]XP(UO|V.KHQGHU%HWULHEVJHQHKPL JXQJIUGLHVHV*HUlWXQGN|QQHQHLQH*HIDKUHQTXHOOHGDUVWHOOHQ...
  • Seite 5 ,QKDOWVYHU]HL.KQLV  9HUZHQGXQJGLHVHU  'DV0HQV\VWHP 00,     $QOHLWXQJ  =XJDQJ]XGHQ0HQV   0HQVWUXNWXU  (UVWH6.KULWWH   (LQJDEHYRQWH[W 9RUEHUHLWXQJGHVHUVWHQ 1HW]GLHQVWH  $QUXIV 7HOHIRQEX.K   *UXQGOHJHQGH%HGLHQXQJ 1D.KUL.KWHQ 606     6L.KHUKHLWVLQIRUPDWLRQHQ $QUXIH'DXHU   6L.KHUKHLWLP)DKU]HXJ  (LQVWHOOXQJHQGLH 3IOHJHXQG:DUWXQJ   VSH]LILV.KH$QSDVVXQJ ,Q,KUHPHLJHQHQ,QWHUHVVH...
  • Seite 6 9HUZHQGXQJGLHVHU$QOHLWXQJ %LWWHQHKPHQ6LHVL.K=HLWGLHVH$QOHLWXQJGXU.K]XOHVHQ6LHHQWKlOWYLHOHQW]OL.KH ,QIRUPDWLRQHQ]X,KUHP7HOHIRQXQGGHVVHQ%HWULHELP1HW]'DV*601HW]LVWPLWW OHUZHLOHZHOWZHLW]XJlQJOL.KXQGHUP|JOL.KWHV,KQHQ$QUXIHLQDQGHUHQ/lQGHUQ ]XWlWLJHQRGHUHQWJHJHQ]XQHKPHQ 5RDPLQJ DOVZlUHQ6LHLQ,KUHP+HLPDWODQG (LQLJHLQGLHVHU$QOHLWXQJEHV.KULHEHQHQ)XQNWLRQHQZHUGHQDOV1HW]IXQNWLRQHQ EH]HL.KQHWXQGYRQGHQ'LHQVWHDQELHWHUQEHUHLWJHVWHOOW%HYRU6LHYLHOHYRQGHQDQ JHERWHQHQ1HW]GLHQVWHQMHGR.KQXW]HQRGHUDX.KQXUDNWLYLHUHQN|QQHQPVVHQ 6LHGLHJHZQV.KWHQ'LHQVWHDERQQLHUHQ(LQHYROOVWlQGLJH/LVWHXQG(UOlXWHUXQJHQ ]XGHQ1HW]IXQNWLRQHQHUKDOWHQ6LHYRQ,KUHP'LHQVWHDQELHWHU (UNOlUXQJGHULP+DQGEX.KEHQXW]WHQ6\PEROH 'DPLW6LHVL.KV.KQHOOLQGLHVHP+DQGEX.K]XUH.KWILQGHQYHUZHQGHQZLU6\PEROH XQG$XVGU.NHGLHDXIGHQ7DVWHQXQGLP'LVSOD\YRUKDQGHQVLQG LVWGLHOLQNH)XQNWLRQVWDVWH LVWGLHUH.KWH)XQNWLRQVWDVWH LVWGHUUH.KWH3IHLODXIGHUUXQGHQ&XUVRU7DVWH LVWGHUOLQNH3IHLODXIGHUUXQGHQ&XUVRU7DVWH LVWGHU3IHLOQD.KREHQDXIGHUUXQGHQ&XUVRU7DVWH LVWGHU3IHLOQD.KXQWHQDXIGHUUXQGHQ&XUVRU7DVWH LVWGLH6(1'(7DVWH LVWGLH(1'(7DVWH )XQNWLRQ LVWGLH)XQNWLRQVWDVWHPLWGHUHQWVSUH.KHQGHQ)XQNWLRQVEH]HL.K QXQJ =XP%HLVSLHO,QWHUQHW EHGHXWHWGU.NHQ6LHGLH)XQNWLRQVWD VWHXQWHUGHP:RUW,QWHUQHW 7HOHIRQEX.K VRZHUGHQGLH:|UWHUGDUJHVWHOOWGLHLP'LVSOD\]XVHKHQVLQG :lKOHQ6LH EHGHXWHWGU.NHQ6LH XQG DXIGHUUXQGHQ&XUVRU7DVWH XP]XGHPJHZQV.KWHQ0HQSXQNW]XJHKHQXQGEHVWlWLJHQ 6LHGLH$XVZDKOLQGHP6LH GU.NHQ =XP%HLVSLHOZlKOHQ6LH7HOHIRQEX.KKHL‰WEHZHJHQ6LHVL.K ]XP0HQSXQNW7HOHIRQEX.KXQGEHVWlWLJHQ6LHLQGHP6LH GU.NHQ 'U.NHQ6LH EHGHXWHWGU.NHQ6LHGLHHQWVSUH.KHQGH7DVWH 'U.NHQ6LH EHGHXWHWGU.NHQ6LHGLH6(1'(7DVWH...
  • Seite 7 'DV'LVSOD\]HLJWHEHQIDOOV%X.KVWDEHQXQG=LIIHUQVRZLHGLH7HOHIRQQXPPHUQOLVWH XQG$QZHLVXQJHQIUGHQ%HQXW]HUDQ 'LH,.RQVGLHZlKUHQGGHV%HWULHEVLP'LVSOD\DQJH]HLJWZHUGHQKDEHQIROJHQGH %HGHXWXQJ 6,06SHL.KHUZLUGEHQXW]W 7HOHIRQ6SHL.KHUZLUGEHQXW]W 5RDPLQJ:LUGDQJH]HLJWZHQQGDV7HOHIRQLQHLQHPDQGHUHQ DXVOlQGL V.KHQ 1HW]DQJHPHOGHWLVW .XU]QD.KUL.KWHQDQ]HLJH 606 :LUGDQJH]HLJWZHQQHLQHRGHUPHKUHUH .XU]QD.KUL.KWHQHPSIDQJHQDEHUQR.KQL.KWJHOHVHQZXUGHQ%OLQNW LVW GHU6061D.KUL.KWHQVSHL.KHUYROOXQGNHLQ3ODW]PHKUIUQHXH1D.KUL.KWHQ 'LH9HUIJEDUNHLWGLHVHU)XQNWLRQLVWYRPMHZHLOLJHQ1HW]EHWUHLEHUDEKlQJLJ 0DLOER[:LUGDQJH]HLJWZHQQHLQH6SUD.KQD.KUL.KWHPSIDQJHQXQGLQGHU 0DLOER['DWHQEDQNGHV1HW]HVJHVSHL.KHUWZXUGH 'LH9HUIJEDUNHLWGLHVHU)XQNWLRQLVWYRPMHZHLOLJHQ1HW]EHWUHLEHUDEKlQJLJ $QUXIZHLWHUOHLWXQJ=HLJWDQREHLQJHKHQGH$QUXIHGDXHUKDIWXPJHOHLWHW ZHUGHQ'LH9HUIJEDUNHLWGLHVHU)XQNWLRQLVWYRPMHZHLOLJHQ1HW]EHWUHLEHU DEKlQJLJ $NNXSHJHODQ]HLJH:LUGIRUWODXIHQGDQJH]HLJWXPGHQJHJHQZlUWLJHQ /DGH]XVWDQGGHV$NNXVDQ]XJHEHQ(VZHUGHQGUHL/DGH]XVWlQGHDQJH]HLJW OHHU PLWWHO YROO%OLQNW LVWGHU$NNXIDVWOHHU 6WHXHUSIHLOHHUV.KHLQHQLP0HQEHWULHEZHQQZHLWHUH(LQWUlJHLP0HQ YRUKDQGHQVLQGGLHDQJH]HLJWZHUGHQN|QQHQLQGHP RGHU JHGU.NW ZLUG0DQ.KPDOZHUGHQEHLGH3IHLOHJOHL.K]HLWLJDQJH]HLJW /HLWXQJ=HLJWDQGD‰GLH]ZHLWH/HLWXQJEHQXW]WZLUG 'LH9HUIJEDUNHLWGLHVHU)XQNWLRQLVWYRPMHZHLOLJHQ1HW]EHWUHLEHUXQGYRQ ,KUHP9HUWUDJDEKlQJLJ 8QEHDQWZRUWHWHU$QUXI:LUGDQJH]HLJWZHQQHLQHLQJHKHQGHU$QUXI QL.KWHQWJHJHQJHQRPPHQZXUGH 6LJQDOSHJHODQ]HLJH(VVLQGYLHU6LJQDOSHJHOYRUJHVHKHQ*LEWGHQ3HJHO GHVHPSIDQJHQHQ6LJQDOVDQ-HPHKU%DONHQDQJH]HLJWZHUGHQGHVWRVWlUNHU LVWGDV6LJQDO)DOOVNHLQ1HW]YHUIJEDULVWEOHLEWGDV'LVSOD\OHHU 7DVWDWXUVSHUUH*LEWDQREGLH7DVWDWXUVSHUUHDNWLYLHUWRGHUGHDNWLYLHUWLVW *%* *HV.KORVVHQH%HQXW]HU*UXSSH =HLJWDQGD‰GLHVHU'LHQVWDNWLY LVW :H.NHUicon.
  • Seite 8 (UVWH6.KULWWH 'DPLW6LHVL.KPLW,KUHP7HOHIRQYHUWUDXWPD.KHQN|QQHQIKUHQ6LHGLHIROJHQGHQ HLQID.KHQ6.KULWWHDXV 9RUEHUHLWXQJGHVHUVWHQ$QUXIV 6,0.DUWHHLQOHJHQ 3D.NHQ6LHGDV7HOHIRQDXVXQGOHJHQ6LHGLH6,0.DUWHLQGHQ6,0.DUWHQ KDOWHU 'LH6,0.DUWHZLHJH]HLJWYRUVL.KWLJHLQOHJHQ GLH*ROGNRQWDNWH QD.KXQWHQ]HLJHQG  'LH6,0.DUWHLQGHQ6,0.DUWHQKDOWHUHLQGU.NHQELVGLHVHUK|U EDUHLQUDVWHW )DOOVGLH6,0.DUWHIDOV.KKHUXPHLQJHOHJWZLUGRGHUEHV.KlGLJWLVW ZLUG 6,0EHUSUIHQ DQJH]HLJW1HKPHQ6LHGLH6,0.DUWHZLHGHU KHUDXVXQGD.KWHQ6LHGDUDXIGD‰6LHVLHUL.KWLJKHUXPKDOWHQXQG OHJHQ6LHVLHZLHGHUHLQ $NNXHLQVHW]HQ 'HQ$NNXZLHXQWHQJH]HLJWHLQVHW]HQ 'HQ$NNXZLHJH]HLJWDXIGDV7HOHIRQVHW]HQ 'DVJHJHQEHUOLHJHQGH(QGHGHV$NNXVDXIGDV7HOHIRQGU.NHQ ELVGHU$NNXULHJHOK|UEDUHLQUDVWHW9HUJHZLVVHUQ6LHVL.KGD‰ GHU$NNXUL.KWLJHLQJHVHW]WLVW )DOOVGHU$NNXQL.KWDXVUHL.KHQGDXIJHODGHQLVWXPGDV7HOHIRQEHQXW]HQ]XN|QQHQVREHIROJHQ 6LHELWWHGLH$QZHLVXQJHQ]XP$XIODGHQGHV$NNXVDXI6HLWH...
  • Seite 9 $NNXDEGH.NXQJDXIVHW]HQ 'LH$NNXDEGH.NXQJZLHXQWHQJH]HLJWDXIVHW]HQ 'LH$NNXDEGH.NXQJZLHJH]HLJWDXIGDV7HOHIRQVHW]HQ 'DVJHJHQEHUOLHJHQGH(QGHGHU$NNXDEGH.NXQJDXIGDV7HOH IRQGU.NHQELVGLH5LHJHOGHU$NNXDEGH.NXQJK|UEDUHLQUDVWHW 9HUJHZLVVHUQ6LHVL.KGD‰GLH$NNXDEGH.NXQJUL.KWLJHLQJHVHW]W LVW *UXQGOHJHQGH%HGLHQXQJ (LQV.KDOWHQGHV7HOHIRQV 'U.NHQ6LH XQGKDOWHQ6LHGLH7DVWHJHGU.NW(LQ(LQV.KDOWVL JQDOHUW|QW :HQQGDV0RELOWHOHIRQJHVSHUUWLVWZLUG &RGH DQJH]HLJW *HEHQ6LHGHQYLHUVWHOOLJHQ7HOHIRQVSHUU.RGHHLQXQGGU.NHQ6LH )DOOV,KUH6,0GXU.KHLQHQ3,1&RGHJHV.KW]WLVWZLUG 3,1(LQ JDEH DQJH]HLJW *HEHQ6LHGHQ3,1&RGHHLQXQGGU.NHQ6LH 2. :HLWHUH(LQ]HOKHLWHQEHU,KUH3,1XQG6SHUU.RGHVHQWQHKPHQ6LHELWWH6HLWHXQG (LQH$QLPDWLRQZLUGLP'LVSOD\DQJH]HLJW %HUHLWV.KDIWVDQ]HLJH +LHUDXIIROJWHLQ5HJLVWULHUXQJVVLJQDOZRUDXIGHU1DPHGHV1HW]HVXQG RGHUGHV'LHQVWHDQELHWHUV]XVDPPHQPLW8KU]HLWXQG'DWXPGHU6LJQDO SHJHOXQGGHU$NNXODGH]XVWDQG$Q]HLJHVRZLHGHQ ,QWHUQHW XQG 606 )XQNWLRQHQDQJH]HLJWZHUGHQ :LH6LHGLH8KU]HLWXQGGDV'DWXPHLQVWHOOHQHUIDKUHQ6LHDXI6HLWH 'LHVLVWGLHQRUPDOH%HUHLWV.KDIWVDQ]HLJH...
  • Seite 10 (LQHQ$QUXIWlWLJHQ *HEHQ6LHGLHJHZQV.KWH5XIQXPPHUEHUGLH=LIIHUQWDVWHQ XQG HLQ6LHN|QQHQELV]X=LIIHUQHLQJHEHQ )HKOHLQJDEHQN|QQHQ6LHEHUL.KWLJHQLQGHP6LH /|V.KHQ  GU.NHQ:HQQ6LHGLHVH7DVWHJHGU.NWKDOWHQZLUGGLH$Q]HLJH YROOVWlQGLJJHO|V.KW 8PGLH1XPPHU]XZlKOHQ VHQGHQ GU.NHQ6LH 1D.K(QWJHJHQQDKPHGHV$QUXIVYHUIROJHQ6LHGDV*HVSUl.KEHUGHQHLQ JHEDXWHQ/DXWVSUH.KHU$X‰HUGHPZLUGHLQ$QUXI7LPHUDQJH]HLJW (LQHQ$QUXIHQWJHJHQQHKPHQ %HLHLQHPDQNRPPHQGHQ$QUXINOLQJHOWGDV7HOHIRQ'LH/('REHQDP7H OHIRQEOLQNWJUQXQGGDVEOLQNHQGH6\PERO ZLUGDQJH]HLJW'LH+LQ WHUJUXQGEHOHX.KWXQJZLUGHEHQIDOOVHLQJHV.KDOWHWIDOOVGDV7HOHIRQVR HLQJHVWHOOWLVWRGHU6WXPPV.KDOWXQJDNWLYLHUWLVW 8PGHQ$QUXIHQWJHJHQ]XQHKPHQ 'U.NHQ6LH %HLP0RGHOO1HSWXQHN|QQHQ6LHGXU.KgIIQHQGHU.ODSSHHLQHQ$QUXIHQWJHJHQQHKPHQ )DOOVGLH/DXWVWlUNHGHV.OLQJHOWRQVDXI1XOO $XV RGHUGDV7HOHIRQDXI9LEUDWLRQVPRGXVJHVWHOOW ZXUGHHUW|QWNHLQK|UEDUHV*HUlXV.K 8PGHQ$QUXIDE]XZHLVHQE]ZGHP$QUXIHUHLQ%HVHW]W]HL.KHQ]XVHQ GHQ 'U.NHQ6LH (LQHQ$QUXIEHHQGHQ 'U.NHQ6LH %HLP0RGHOO1HSWXQHN|QQHQ6LHGXU.K6.KOLH‰HQGHU.ODSSHHLQHQ$QUXIEHHQGHQ 1D.KHLQLJHQ6HNXQGHQRGHUZHQQ6LHGLH)XQNWLRQVWDVWHµ(QGHµGU.NHQZLUGGDV'LVSOD\DXI GLH%HUHLWV.KDIWVDQ]HLJH]XU.NJHVHW]W 'DV7HOHIRQDXVV.KDOWHQ 'U.NHQ6LH XQGKDOWHQ6LHGLH7DVWHJHGU.NW (LQ$EV.KDOW6LJQDOWRQEHVWlWLJWGLH$NWLRQ:lKUHQGGHV$XVV.KDO WHQVZLUGHLQH$QLPDWLRQDQJH]HLJW'DQQZLUGGDV0RELOWHOHIRQDE JHV.KDOWHW 6.KDOWHQ6LHGDV7HOHIRQQLHPDOVGXU.K(QWIHUQHQGHV$NNXVDEZHLOGDEHL'DWHQGLHDXIGHU 6,0.DUWHJHVSHL.KHUWZHUGHQPVVHQYHUORUHQJHKHQN|QQHQ:HLWHUH(LQ]HOKHLWHQEHUGLH LQGLYLGXHOOH$QSDVVXQJ,KUHV7HOHIRQVILQGHQ6LHDXI6HLWH...
  • Seite 11 6L.KHUKHLWVLQIRUPDWLRQHQ 6L.KHUKHLWLP)DKU]HXJ ‡ %HD.KWHQ6LHGLHQDWLRQDOHQ9RUV.KULIWHQEHUGLH9HUZHQGXQJYRQ0RELOWHOHIR QHQLQ)DKU]HXJHQ ‡ 6L.KHUKHLWLP6WUD‰HQYHUNHKUKDWLPPHU9RUUDQJ$.KWHQ6LHLPPHUYROOXQG JDQ]DXIGHQ9HUNHKU ‡ %HQXW]HQ6LHGDV0RELOWHOHIRQQL.KWZlKUHQGGHU)DKUW)DOOV6LHQL.KWEHUHLQH )UHLVSUH.KHLQUL.KWXQJYHUIJHQVROOWHQ6LHDQKDOWHQXQG,KU)DKU]HXJVL.KHU SDUNHQEHYRU6LHGDV7HOHIRQEHQXW]HQ ‡ )DOOV,KU)DKU]HXJPLWHLQHUNRUUHNWLQVWDOOLHUWHQ)UHLVSUH.KHLQUL.KWXQJDXVJHVWDW WHWLVWGLHGHQµIUHLKlQGLJHQµ%HWULHEHUODXEWXQG6LHHLQHQ$QUXIWlWLJHQRGHU HQWJHJHQQHKPHQP|.KWHQLPPHUVL.KHUVWHOOHQGD‰GLHVDXIYHUQQIWLJHXQG VL.KHUH:HLVHJHV.KLHKW9HUZHQGHQ6LHP|JOL.KVWQXUYRUSURJUDPPLHUWH1XP PHUQXQGKDOWHQ6LHGLH$QUXIHP|JOL.KVWNXU] ‡ )DOOVGDV*HUlWQL.KWNRUUHNWLQHLQ)DKU]HXJHLQJHEDXWLVWNDQQGLH%HQXW]XQJ HLQHV0RELOWHOHIRQVGLHRUGQXQJVJHPl‰H)XQNWLRQGHU)DKU]HXJHOHNWURQLNZLH HWZDGHV$%66\VWHPVRGHUGHU$LUEDJVEHHLQWUl.KWLJHQ8PVRO.KH3UREOHPH ]XYHUPHLGHQVROOWHQ6LHGDUDXID.KWHQGD‰GLH,QVWDOODWLRQQXUYRQJHV.KXO WHP)D.KSHUVRQDOGXU.KJHIKUWZLUG(LQHhEHUSUIXQJGHU6L.KHUXQJXQGGHU )XQNWLRQGHU)DKU]HXJHOHNWURQLNVROOWH7HLOGHU,QVWDOODWLRQVHLQ,P=ZHLIHOVIDOO IUDJHQ6LHELWWHGHQ)DKU]HXJKHUVWHOOHU ‡ 1LHPDOVGDV7HOHIRQDXIGHQ%HLIDKUHUVLW]RGHUDQHLQHUDQGHUHQ6WHOOHDEOHJHQ YRQGHUHVVL.KEHLHLQHPSO|W]OL.KHQ%UHPVYRUJDQJRGHUHLQHU.ROOLVLRQO|VHQ N|QQWH,PPHUGLH+DOWHUXQJEHQXW]HQ ‡ 'LH%HQXW]XQJHLQHV:DUQJHUlWV]XU%HGLHQXQJYRQ6.KHLQZHUIHUQRGHU+XSH HLQHV)DKU]HXJVLVWDXI|IIHQWOL.KHQ6WUD‰HQYHUERWHQ 3IOHJHXQG:DUWXQJ 'LHVHV0RELOWHOHIRQLVWHLQKR.KHQWZL.NHOWHVWH.KQRORJLV.KDXVJHIHLOWHV3URGXNW GDVPLW6RUJIDOWEHKDQGHOWZHUGHQVROOWH%HD.KWHQ6LHGLHIROJHQGHQ+LQZHLVH GDPLW6LHYLHOH-DKUHODQJ)UHXGHDQGLHVHP3URGXNWKDEHQ ‡ 6HW]HQ6LHGDV7HOHIRQNHLQHQH[WUHPHQ%HGLQJXQJHQPLWKRKHU7HPSHUDWXU RGHU/XIWIHX.KWLJNHLWDXV ‡...
  • Seite 12 ‡ 1LHPDOVLQNRPSDWLEOH3URGXNWHDQV.KOLH‰HQ 'LH%HQXW]XQJYRQQL.KWYRQ0LWVXELVKL(OH.WUL.KHUJHVWHOOWHQRGHUDXWRULVLHUWHQ *HUlWHQRGHU=XEHK|UWHLOHQYRQ'ULWWKHUVWHOOHUQNDQQGLH*DUDQWLH,KUHV7HOH IRQVXQJOWLJPD.KHQXQGHLQ6L.KHUKHLWVULVLNRGDUVWHOOHQ ‡ 1LHPDOVGLH(WLNHWWHQHQWIHUQHQ'LHGDUDXIVWHKHQGHQ=DKOHQVLQGIUGHQ.XQ GHQGLHQVWXQGGDPLWYHUEXQGHQH'LHQVWOHLVWXQJHQZL.KWLJ ‡ )DOOVZLUNOL.KHLQH6W|UXQJRGHUHLQ)HKOHUDXIWUHWHQVROOWHZHQGHQ6LHVL.KELWWH DQHLQDXWRULVLHUWHV6HUYL.H&HQWHU ,Q,KUHPHLJHQHQ,QWHUHVVH 'DV*607HOHIRQLVW,KU(LJHQWXP%HKDQGHOQ6LHHVELWWHVRUJIlOWLJXQGEHD.KWHQ 6LHDOOHJOWLJHQ%HVWLPPXQJHQ'DV7HOHIRQLVWNHLQ6SLHO]HXJ%HZDKUHQ6LHHV GDKHUMHGHU]HLWVL.KHUXQGIU.LQGHUXQ]XJlQJOL.KDXI 0HUNHQ6LHVL.KGHQ6SHUUXQGGHQ3,1&RGHGHV7HOHIRQV 0D.KHQ6LHVL.KPLWGHU9HUZHQGXQJGHU6L.KHUKHLWVPHUNPDOHYHUWUDXWGLHHLQH XQEHUH.KWLJWH9HUZHQGXQJYHUKLQGHUQIDOOV,KU7HOHIRQXQGRGHU,KUH6,0.DUWHQ YHUORUHQJHKHQRGHUJHVWRKOHQZHUGHQ:HQGHQ6LHVL.KELWWHXPJHKHQGDQ,KUHQ 'LHQVWHDQELHWHUXPGLHXQEHIXJWH1XW]XQJGHV*HUlWV]XYHUKLQGHUQ 6SHUUHQ6LHGDV7HOHIRQV.KDOWHQ6LHHVDXVXQGHQWIHUQHQ6LHGHQ$NNXZHQQ6LH GDV*HUlWQL.KWEHQXW]HQ 6L.KHUKHLWV.RGHV 'DV7HOHIRQXQGGLH6,0.DUWHVLQGEHL/LHIHUXQJPLW&RGHVYRUSURJUDPPLHUWGLH GDV7HOHIRQXQGGLH6,0.DUWHYRUXQEHIXJWHU9HUZHQGXQJV.KW]HQ :HQQ6LH]XU(LQJDEHHLQHV&RGHVDXIJHIRUGHUWZHUGHQJHEHQ6LHGLH=DKOHLQ HU V.KHLQWDOV)ROJHYRQ LP'LVSOD\ XQGGU.NHQDXI2. (LQJDEHIHKOHUN|QQHQJHO|V.KWZHUGHQLQGHP6LHDXI&OHDU GU.NHQ :HQQ6LHGHQIDOV.KHQ&RGHHLQJHEHQZLUGHLQHHQWVSUH.KHQGH0HOGXQJDQJH ]HLJW 0LWGHU6,0.DUWHZHUGHQGLHIROJHQGHQ&RGHVJHOLHIHUW 3,1XQG3,1&RGH =LIIHUQ  'LH3,1 3HUVRQDO,GHQWLW\1XPEHU ZLUGPLWDOOHQ6,0.DUWHQJHOLHIHUWXQG V.KW]WGLH.DUWHYRUXQEHIXJWHU%HQXW]XQJ 'HUPLWHLQLJHQ6,0.DUWHQJHOLHIHUWH3,1&RGHLVWHUIRUGHUOL.KXP=X JDQJ]XHLQLJHQ)XQNWLRQHQGHV7HOHIRQV]XHUODQJHQ ]%)L[1XPPHUQ DXVZDKO IUGLHHLQHDQGHUH6L.KHUKHLWVHEHQHHUIRUGHUOL.KLVW :HQQ3,1(LQJDEHLP'LVSOD\HUV.KHLQWJHEHQ6LHGHQ&RGHHLQXQG GU.NHQ2. :HQQGUHLPDOQD.KHLQDQGHUGHUIDOV.KH3,1&RGHHLQJHJHEHQZLUGZLUG GLH6,0.DUWHGHDNWLYLHUWXQGGLH0HOGXQJ6,0JHVSHUUW38.HLQJHEHQ HUV.KHLQWLP'LVSOD\8PGLH6,0IUHL]XJHEHQEHQ|WLJHQ6LHGHQ38....
  • Seite 13 9RP'LHQVWHDQELHWHUEHUHLWJHVWHOOWHU&RGH $QUXIVSHUUH3D‰ZRUW =LIIHUQ 'LHVHV3D‰ZRUWZLUGYHUZHQGHWXPHLQH$QUXIVSHUUHIUDEJHKHQGHRGHU DQNRPPHQGH$QUXIHLP0RELOWHOHIRQHLQ]XVWHOOHQ:HLWHUH(LQ]HOKHLWHQ ILQGHQ6LHDXI6HLWH 0DLOER[3D‰ZRUW 'LHVHV3D‰ZRUWV.KW]W6LHJHJHQGHQXQEHIXJWHQ=XJULIIDXI,KUH0DLO ER[ 9RP+HUVWHOOHUEHUHLWJHVWHOOWHU&RGH 7HOHIRQVSHUU.RGH =LIIHUQ 'LHVHU&RGHLVWEHL/LHIHUXQJDXI1XOOJHVHW]WXQGNDQQYRP%HQXW]HUJH lQGHUWZHUGHQ6REDOGHUJHlQGHUWZXUGHNDQQHUQL.KWPHKUYRP+HU VWHOOHUEHUGDV7HOHIRQDXVJHOHVHQZHUGHQ:HLWHUH(LQ]HOKHLWHQILQGHQ 6LHDXI6HLWH 6LHVROOWHQVL.KLQMHGHP)DOOGLHVH&RGHVPHUNHQXQGVL.KPLWGHP =ZH.NXQGGHU(LQJDEHGLHVHU&RGHVYHUWUDXWPD.KHQ 1RWUXIH ,Q(XURSDN|QQHQ6LHPLWGHUHXURSDZHLWHQ1RWUXIQXPPHU1RWUXIHGXU.KIK UHQZHQQGDV7HOHIRQLP*601HW]HLQJHEX.KWLVW1RWUXIHVLQGDX.KGDQQP|J OL.KZHQQGDV7HOHIRQEHUGLH3,1RGHUHOHNWURQLV.KJHVSHUUWRGHUGLH$QUXIVSHUUH DNWLYLHUWLVW,QHLQLJHQ/lQGHUQN|QQHQLQ1RWIlOOHQZHLWHUKLQORNDOH1RWUXIQXP PHUQEHQXW]WZHUGHQGDV0RELOWHOHIRQPX‰KLHU]XMHGR.KJJIHLQHJOWLJH6,0 .DUWHHQWKDOWHQ :HQQ6LHHLQHQ1RWUXIYRUQHKPHQVROOWHQ6LHDOOHEHQ|WLJWHQ,QIRUPDWLRQHQP|J OL.KVWSUl]LVHDQJHEHQ'DV7HOHIRQLVWP|JOL.KHUZHLVHGDVHLQ]LJH.RPPXQLNDWL RQVPLWWHOLQHLQHP1RWIDOO%HHQGHQ6LHGDKHUGDV*HVSUl.KQL.KWEHYRU6LHGD]X DXIJHIRUGHUWZHUGHQ 0RELOWHOHIRQHJUHLIHQDXI)XQNXQG)HVWQHW]YHUELQGXQJHQ]XGHUHQ)XQNWLRQVW.KWLJNHLWQL.KW XQWHUDOOHQ8PVWlQGHQJDUDQWLHUWZHUGHQNDQQ$XVGLHVHP*UXQGHVROOWHQ6LHVL.KIU 1RWIDOOJHVSUl.KHQLHPDOVDXVV.KOLH‰OL.KDXI)XQNWHOHIRQHYHUODVVHQ (QWVRUJXQJGHV9HUSD.NXQJVPDWHULDOV 'LHIUGLHVHV7HOHIRQYHUZHQGHWH9HUSD.NXQJLVWDXVUH.\.OLQJIlKLJHP0DWHULDO KHUJHVWHOOWXQGVROOWHGDKHUJHPl‰GHQJHOWHQGHQQDWLRQDOHQ8PZHOWV.KXW]EHGLQ JXQJHQHQWVRUJWZHUGHQ %LWWHWUHQQHQ6LH.DUWRQXQG.XQVWVWRIIHOHPHQWHXQGHQWVRUJHQ6LHVLHRUGQXQJV JHPl‰...
  • Seite 14 9RUEHUHLWXQJGHV7HOHIRQV 6,0.DUWH %HYRU6LHGDV7HOHIRQEHQXW]HQN|QQHQPX‰HLQHJOWLJH6,0.DUWHLQGLH6,0.DU WHQKDOWHUXQJHLQJHOHJWZHUGHQ )DOOVNHLQH6,0.DUWHYRUKDQGHQRGHUGLHVHIDOV.KHLQJHVHW]WLVWHUV.KHLQWGLH0HO GXQJ 6,0EHUSUIHQ ZHQQGDV7HOHIRQHLQJHV.KDOWHWZLUG6LHKHGD]X6,0 .DUWHHLQOHJHQDXI6HLWH $NNX (LQVHW]HQ 6LHKHGD]X$NNXHLQVHW]HQDXI6HLWH +HUDXVQHKPHQ :LHXQWHQJH]HLJWDXIGHQ5LHJHOGHU$NNXDEGH.NXQJGU.NHQ $NNXDEGH.NXQJIHVWKDOWHQXQGDEQHKPHQ $NNXIHVWKDOWHQXQGDEQHKPHQ 5LHJHOGHU $NNXDEGH.NXQJ :DUQXQJEHLOHHUHP$NNX :HQQGLH$NNX6SDQQXQJGHQQLHGULJVWHQ3HJHOHUUHL.KWKDWHUV.KHLQWGLH 0HOGXQJ $NNXOHHU XQGHVHUW|QWHLQµ$NNXOHHUµ6LJQDO )DOOV6LHVL.KJHUDGHLQHLQHP*HVSUl.KEHILQGHQEHHQGHQ6LHGLHVHVXQG V.KDOWHQGDV7HOHIRQDXVLQGHP6LH JHGU.NWKDOWHQ /DGHQ6LHGHQ$NNXZLHXQWHQJH]HLJWZLHGHUDXIRGHUHUVHW]HQ6LHLKQ GXU.KHLQHQDXIJHODGHQHQ 6.KDOWHQ6LHGDV7HOHIRQQL.KWGXU.K(QWIHUQHQGHV$NNXVDXV 'DGXU.KN|QQWHQYRQGHU6,0.DUWH]XVSHL.KHUQGH'DWHQYHUORUHQJHKHQ...
  • Seite 15 $XIODGHQ 8PHLQHODQJH/HEHQVGDXHU,KUHV$NNXVVL.KHU]XVWHOOHQODGHQ6LHLKQQXU ZHQQGLH0HOGXQJ $NNXOHHU HUV.KHLQWXQGGDVµ$NNXOHHUµ6LJQDOHU W|QW 6.KOLH‰HQ6LHGDV/DGHJHUlWZLHJH]HLJWDQGDV7HOHIRQDQ :HQQ6LHGHQ6WH.NHULQGHQ1HW]DQV.KOX‰GHV7HOHIRQV HLQVWH.NHQPX‰GDV7ULXP/RJR QD.KREHQ ZHLVHQ 6.KOLH‰HQ6LHGDV/DGHJHUlWDQHLQHU6WH.NGRVHDQ'HU$NNXZLUGMHW]W DXIJHODGHQ 'DV7HOHIRQNDQQZlKUHQGGHV/DGHYRUJDQJVEHQXW]WZHUGHQDOOHUGLQJV YHUOlQJHUWVL.KKLHUGXU.KGLH/DGH]HLW /DGHDQ]HLJHQEHLDXVJHV.KDOWHWHP7HOHIRQ :lKUHQGGHV/DGHYRUJDQJVZLUG $NNXZLUGJH ODGHQ DQJH]HLJW'LH/('OHX.KWHWGDEHLURW 1D.K%HHQGLJXQJGHV/DGHYRUJDQJVZLUG$NNX YROOVWlQGLJJHODGHQDQJH]HLJWXQGGLH/(' OHX.KWHWQXQJUQ /DGHDQ]HLJHQEHLHLQJHV.KDOWHWHP7HOHIRQ :lKUHQGGHV/DGHQVEOLQNWGDV$NNX6LJQDOXQ XQWHUEUR.KHQPLW%DONHQ1D.K%HHQGL JXQJGHV/DGHYRUJDQJVHUV.KHLQHQGUHL IHVWVWHKHQGH%DONHQ%HLHLQJHV.KDOWHWHP7HOHIRQ ZLUGGLH/('QL.KWDOV/DGHDQ]HLJHYHUZHQGHW )DOOVZlKUHQGGHV/DGHQVHLQ$QUXIHLQJHKW EOLQNWGLH/('LQV.KQHOOHP5K\WKPXVJUQ :lKUHQGGHV/DGHYRUJDQJVZLUGGHU$NNXZDUPZDVXQEHGHQNOL.KLVW $P(QGHGHV/DGHYRUJDQJVGDV/DGHJHUlWYRP7HOHIRQWUHQQHQ VLHKHXQ WHQ DEV.KDOWHQXQGGHQ1HW]VWH.NHUDXVGHU6WH.NGRVH]LHKHQ...
  • Seite 16 7\SLV.KH/DGH]HLWHQPLWGHP6WH.NHUQHW]WHLO 0$RGHU0$  $NNXW\S 7\SLV.KH/DGH]HLWHQ 6WDQGDUGDNNX 0$ 6WG *HEUDX.KVXQG6L.KHUKHLWVLQIRUPDWLRQHQ]XP$NNX (LQ$NNXNDQQ+XQGHUWH0DOHQHXDXIJHODGHQZHUGHQZLUGLP/DXIHGHU =HLWMHGR.KV.KZl.KHU:HQQGLH%HWULHEV]HLW %HUHLWV.KDIWXQG*H VSUl.KV]HLW GHXWOL.KNU]HUDOVQRUPDOZLUGVROOWHQ6LHHLQHQQHXHQ$NNX NDXIHQ ‡ /DVVHQ6LH$NNXVQL.KWOlQJHUDOVQ|WLJLP/DGHJHUlWhEHUODGHQYHU NU]WGLH$NNX/HEHQVGDXHU ‡ 7UHQQHQ6LHGDV/DGHJHUlWYRQGHU6WURPYHUVRUJXQJZHQQHVQL.KWLQ %HWULHELVW ‡ 6HW]HQ6LHGHQ$NNXNHLQHQKRKHQ7HPSHUDWXUHQRGHUKRKHU/XIWIHX.K WLJNHLWDXV ‡ :HUIHQ6LHGHQ$NNX]XP(QWVRUJHQQL.KWLQV)HXHU(UNDQQH[SORGLH UHQ ‡ %ULQJHQ6LHGHQ$NNXQL.KWLQ.RQWDNWPLW0HWDOOJHJHQVWlQGHQGLHGLH $NNX$QV.KOVVHNXU]V.KOLH‰HQN|QQHQ ]%6.KOVVHO%URNODPPHUQ 0Q]HQ.HWWHQXVZ  ‡ /DVVHQ6LHGHQ$NNXQL.KWIDOOHQXQGYHUPHLGHQ6LHVWDUNH6W|‰H ‡ 9HUVX.KHQ6LHQL.KWHLQHQ$NNX]X]HUOHJHQ ‡ 9HUZHQGHQ6LHQXUHPSIRKOHQH$NNX/DGHJHUlWH VLHKH6HLWH  ‡ )DOOVGLH$NNXNRQWDNWHYHUV.KPXW]WVLQGUHLQLJHQ6LHVLHPLWHLQHP ZHL.KHQ7X.K ‡ $NNXVZHUGHQEHLP/DGHQZDUPZDVXQEHGHQNOL.KLVW ‡ $OWH$NNXVPVVHQDQGHQ+lQGOHU]XU.NJHJHEHQRGHUDQHLQH6DP PHOVWHOOHJHEUD.KWZHUGHQDQGHU$OWDNNXVVD.KJHPl‰HQWVRUJWZHU GHQ:HUIHQ6LHDOWH$NNXVQL.KWLQGHQ+DXVPOO $NNXHQWVRUJXQJ $OWH$NNXVPVVHQJHPl‰GHQHXURSlLV.KHQ8PZHOWV.KXW]EHVWLP...
  • Seite 17 *UXQGOHJHQGH%HGLHQXQJ (LQV.KDOWHQ%HUHLWV.KDIWVDQ]HLJHXQG $EV.KDOWHQGHV7HOHIRQV (LQV.KDOWHQGHV7HOHIRQV 'U.NHQ6LH XQGKDOWHQ6LHGLH7DVWHJHGU.NW (LQ(LQV.KDOWVL JQDOHUW|QW :HQQGDV0RELOWHOHIRQJHVSHUUWLVWZLUG &RGHDQJH]HLJW*HEHQ 6LHGHQYLHUVWHOOLJHQ 7HOHIRQVSHUU.RGHHLQXQGGU.NHQ6LH 2. )DOOV,KUH6,0GXU.KHLQHQ3,1&RGHJHV.KW]WLVWZLUG 3,1(LQJDEH DQJH]HLJW*HEHQ6LHGHQ3,1&RGHHLQXQGGU.NHQ6LH 2. :HLWHUH(LQ]HOKHLWHQEHU,KUH3,1XQG6SHUU.RGHVILQGHQ6LHDXI6HLWHXQG (LQH$QLPDWLRQZLUGLP'LVSOD\DQJH]HLJW+LHUDXIIROJWHLQ5HJLVWULH UXQJVVLJQDOZRUDXIGHU1DPHGHV1HW]HVXQGRGHUGHV'LHQVWHDQELH WHUV]XVDPPHQPLW8KU]HLWXQG'DWXPGHU6LJQDOSHJHOXQGGHU $NNXODGH]XVWDQG$Q]HLJHVRZLHGHQ ,QWHUQHW XQG 606 )XQNWLRQHQ DQJH]HLJWZHUGHQ 'LHVLVWGLHQRUPDOH%HUHLWV.KDIWVDQ]HLJH 'DV7HOHIRQLVWMHW]WEHUHLW$QUXIH]XHPSIDQJHQRGHU]XVHQGHQXQG]DKO UHL.KH)XQNWLRQHQDXV]XIKUHQ ,QGHU%HUHLWV.KDIWVDQ]HLJH GU.NHQXPGLUHNWHQ=XJDQJ]XGHQLP7H OHIRQEX.KJHVSHL.KHUWHQ5XIQXPPHUQ]XHUODQJHQ'XU.K'U.NHQYRQ JHODQJHQ6LHLQGDV0HQ'XU.K'U.NHQYRQ JHODQJHQ6LH]XU/DXWVWlU NHUUHJHOXQJ:HQQ6LH GU.NHQZLUGGDV.OLQJHOQEHLHLQJHKHQGHQ$Q UXIHQVWXPPJHV.KDOWHW'XU.K'U.NHQHLQHUGHU=LIIHUQWDVWHQ XQG HUV.KHLQWGLHEHWUHIIHQGH1XPPHULQGHU$Q]HLJH'XU.K'U.NHQ ZLUGGLHDQJH]HLJWH1XPPHUJHZlKOWZlKUHQGGXU.K'U.NHQYRQ GHU:lKOYRUJDQJDEJHEUR.KHQE]ZGDV*HVSUl.KEHHQGHWZLUG 7DVWDWXUVSHUUH...
  • Seite 18 ,QWHUQHW 'U.NHQ6LH ,QWHUQHW  LQGHU%HUHLWV.KDIWVDQ]HLJHXPDXIGDV,QWHUQHW +DXSWPHQ]X]XJUHLIHQYRQZRDXV6LHGLH+RPHSDJH,KUHV1HW]EHWUHL EHUVDQZlKOHQN|QQHQ:HLWHUH(LQ]HOKHLWHQEHUGLHVH)XQNWLRQHQILQGHQ 6LHDXI6HLWH 1D.KUL.KWHQ 606 'XU.K'U.NHQYRQ 606  LQGHU%HUHLWV.KDIWVDQ]HLJHJHODQJHQ6LHLQGDV 6060HQPLWGHQVHOEHQ)XQNWLRQHQDXIGLH6LHDX.KEHUGDV+DXSWPH Q]XJUHLIHQ(LQ]HOKHLWHQEHUGLHYHUIJEDUHQ)XQNWLRQHQLQGLHVHP0HQ ILQGHQ6LHDXI6HLWH +LQWHUJUXQGEHOHX.KWXQJ 'LH+LQWHUJUXQGEHOHX.KWXQJLVWQRUPDOHUZHLVHDXV:HQQHLQH7DVWHJH GU.NWZLUGZLUGGLH+LQWHUJUXQGEHOHX.KWXQJIUGLH$Q]HLJHXQGGLH7D VWDWXUIU6HNXQGHQHLQJHV.KDOWHW%HLHLQHPDQNRPPHQGHQ$QUXIZLUG GLH+LQWHUJUXQGEHOHX.KWXQJHLQJHV.KDOWHWXQGEOHLEWQR.KIU6HNXQGHQ QD.K$QQQDKPHGHV*HVSUl.KVHLQJHV.KDOWHW $EV.KDOWHQGHV7HOHIRQV 'U.NHQ6LH XQGKDOWHQ6LHGLH7DVWHJHGU.NW (LQ$EV.KDOW6LJQDOWRQEHVWlWLJWGLH$NWLRQ:lKUHQGGHV$XVV.KDOWHQV ZLUGHLQH$QLPDWLRQDQJH]HLJW'DQQZLUGGDV0RELOWHOHIRQDEJHV.KDO WHW 6.KDOWHQ6LHGDV7HOHIRQQLHPDOVGXU.K(QWIHUQHQGHV$NNXVDEZHLOGDEHL'DWHQGLHDXIGHU6,0 .DUWHJHVSHL.KHUWZHUGHQPVVHQYHUORUHQJHKHQN|QQHQ $QUXIHQXQG$QUXIHHQWJHJHQQHKPHQ 6LHN|QQHQQXUGDQQ$QUXIHPLW,KUHP7HOHIRQWlWLJHQXQGDQQHKPHQZHQQGLHVHV HLQJHV.KDOWHWXQGHQWVSHUUWLVWEHUHLQHJOWLJH6,0.DUWHYHUIJWXQGVL.KLQHL QHP*HELHWPLW*601HW]YHUVRUJXQJEHILQGHW.DQQGDV7HOHIRQNHLQ1HW]ILQGHQ EOHLEWGLH$Q]HLJHOHHU $QUXIHQ *HEHQ6LHGLHJHZQV.KWH5XIQXPPHUEHUGLH=LIIHUQWDVWHQ XQG HLQ )ULQWHUQDWLRQDOH*HVSUl.KHVWHOOHQ6LHGHU5XIQXPPHUHQWZHGHU   RGHU  YRUDQ=XU(LQJDEHHLQHV  =HL.KHQVYRUHLQHU1XPPHUGU.NHQ XQGKDOWHQ6LH 6LHN|QQHQELV]X=LIIHUQHLQJHEHQ)HKOHLQJDEHQN|QQHQ6LHEHUL.K...
  • Seite 19 ‡ :HQQGLHJHZlKOWH1XPPHUHLQHPLP7HOHIRQEX.KJHVSHL.KHUWHQ(LQWUDJ HQWVSUL.KWHUV.KHLQWGHU1DPHGHUDQJHUXIHQHQ3HUVRQLP'LVSOD\ ‡ 1D.K+HUVWHOOHQGHU9HUELQGXQJHUV.KHLQW VRIHUQGHU'LHQVW]XU 9HUIJXQJVWHKW GDV6\PERO/HLWXQJ XQG]HLJWDQGD‰GLH 9HUELQGXQJEHUGLHVH/HLWXQJ]XVWDQGHJHNRPPHQLVW $QUXIEHHQGHQ 'U.NHQ6LH 'LH5XIGDXHUDQ]HLJHZLUGDQJHKDOWHQXQG YHUV.KZLQGHW1D.KHLQL JHQ6HNXQGHQRGHUZHQQ6LHGLH)XQNWLRQVWDVWH (QGH  GU.NHQZLUG GDV'LVSOD\DXIGLH%HUHLWV.KDIWVDQ]HLJH]XU.NJHVHW]W %HLP0RGHOO1HSWXQHZLUGHLQ$QUXIGXU.K6.KOLH‰HQGHU.ODSSHQL.KWEHHQGHW $QUXIHQWJHJHQQHKPHQ %HLHLQHPDQNRPPHQGHQ$QUXINOLQJHOWGDV7HOHIRQ'LH/('REHQDP7HOH IRQEOLQNWJUQGLH+LQWHUJUXQGEHOHX.KWXQJZLUGHLQJHV.KDOWHQXQGGDV EOLQNHQGH6\PERO DQJH]HLJW)DOOVGLH/DXWVWlUNHGHV.OLQJHO]HL.KHQV DXI1XOO DXV RGHUGDV7HOHIRQDXI 9LEUDWLRQVDODUPJHVWHOOWZXUGHHUW|QW NHLQK|UEDUHV*HUlXV.K 8PGHQ$QUXIHQWJHJHQ]XQHKPHQ 'U.NHQ6LH :LUG 7RQDXV  JHGU.NWVWRSSWGDV.OLQJHOVLJQDOVRGD‰6LHGDV7H OHIRQVWXPPV.KDOWHQXQGGHQ5DXPYHUODVVHQN|QQHQEHYRU6LH GU.NHQ %HLP0RGHOO1HSWXQHN|QQHQ6LHGXU.KgIIQHQGHU.ODSSHHLQHQ$QUXIHQWJHJHQQHKPHQ 8PGHQ$QUXIDE]XZHLVHQE]ZGHP$QUXIHUHLQ%HVHW]W]HL.KHQ]XVHQ GHQ 'U.NHQ6LH :HQQDQJHQRPPHQZLUG DQJH]HLJW*HKHQ6LHQXQZLHJHZRKQW YRU ‡...
  • Seite 20 1L.KWHQWJHJHQJHQRPPHQH$QUXIH0DLOER[XQG QHXH6061D.KUL.KWDQ]HLJHQ$Q]HLJH ‡ :XUGHQ$QUXIHQL.KWHQWJHJHQJHQRPPHQHUV.KHLQW 'U.NHQ6LH  /HVHQ XPGLH5XIQXPPHUQIDOOVYHUIJEDUVRZLH'DWXPXQG8KU]HLWGHV $QUXIHLQJDQJVDQ]X]HLJHQ'U.NHQ6LH  XPGLH1XPPHUDQ]XUXIHQ1L.KW HQWJHJHQJHQRPPHQH$QUXIHZHUGHQLQHLQHP5HJLVWHUJHVSHL.KHUW ‡ :HQQ6LHGDUDXIKLQJHZLHVHQZHUGHQGD‰HLQH6SUD.KQD.KUL.KWLQ,KUHU0DLOER[ DEJHOHJWZXUGHHUW|QWHLQ:DUQVLJQDOXQG ZLUGLP'LVSOD\DQJH]HLJW'UN NHQ6LH /HVHQ  XPGLH1D.KUL.KW]XOHVHQRGHUGU.NHQ6LH XPEHU.XU] ZDKO,KUH0DLOER[=HQWUDOHDQ]XUXIHQ ZHLWHUH(LQ]HOKHLWHQILQGHQ6LHDXI 6HLWH   +LQZHLV)DOOVPHKUDOVHLQH$Q]HLJHHUV.KHLQWGU.NHQ6LH /HVHQ  XPLQ HLQHP0HQ]ZLV.KHQYHUV.KLHGHQHQ0|JOL.KNHLWHQ]XZlKOHQ ‡ %HLP(PSIDQJHLQHUQHXHQ6061D.KUL.KWHUW|QWHLQ:DUQVLJQDOXQG HUV.KHLQW'U.NHQ6LH /HVHQ  XPGLH.XU]QD.KUL.KWHQLQGHU(LQJDQJVER[]X OHVHQ :HQQ EOLQNWPVVHQ6LHPLQGHVWHQVHLQHDOWH1D.KUL.KWO|V.KHQEHYRU6LH QHXH1D.KUL.KWHQHPSIDQJHQN|QQHQ ,P'LVSOD\ZLUGGLH$Q]DKOXQGGHU7\SGHU1D.KUL.KWHQDQJH]HLJW 'U.NHQ6LH /HVHQ  XPGHQ1D.KUL.KWHQW\SDXV]XZlKOHQGHQ6LHOHVHQP|.KWHQ...
  • Seite 21 YRQGHU6SHL.KHUOLVWHGHV$QUXIUHJLVWHUVDXV 'LHOHW]WHQ]HKQJHZlKOWHQ1XPPHUQGLH5XIQXPPHUQGHUOHW]WHQ]HKQ QL.KWHQWJHJHQJHQRPPHQHQ$QUXIH IDOOVYHUIJEDU XQGGLH5XIQXPPHUQ GHUOHW]WHQ]HKQHQWJHJHQJHQRPPHQHQ$QUXIHZHUGHQYRP7HOHIRQLP 6SHL.KHUGHV$QUXIUHJLVWHUVJHVSHL.KHUW 'U.NHQ6LH :lKOHQ6LH$QUXIH'DXHU :lKOHQ6LH$QUXIUHJLVWHU :lKOHQ6LH/HW]WH$QUXIH1L.KWDQJHQRPPHQRGHU$QJHQRPPHQ 9HUZHQGHQ6LH RGHU XP]XGHUJHZQV.KWHQ1XPPHU]X JHKHQ 'U.NHQ6LH XPGLH1XPPHU]XZlKOHQ 6LHKHGD]X$QUXIH'DXHUDXI6HLWH /HW]WHJHZlKOWH5XIQXPPHUQ (LQUDV.KHU=XJULIIDXIGLHOHW]WHQ]HKQJHZlKOWHQ1XPPHUQLVWDX.KGXU.K'U.NHQ GHU7DVWH P|JOL.K ,P%HUHLWV.KDIWVPRGXVZLUGEHL'U.NHQGHU7DVWH HLQH/LVWHGHU OHW]WHQJHZlKOWHQ1XPPHUQDQJH]HLJW 9HUZHQGHQ6LH RGHU XP]XGHUJHZQV.KWHQ1XPPHU]X JHKHQ 'U.NHQ6LH XPGLH1XPPHU]XZlKOHQ 'LHOHW]WHQJHZlKOWHQ1XPPHUQZHUGHQLP7HOHIRQQL.KWLQGHU6,0JHVSHL.KHUW .XU]ZDKO $OOHDXIGHU6,0.DUWHJHVSHL.KHUWHQ5XIQXPPHUQN|QQHQGHQ.XU]ZDKOWDVWHQ ]XJHRUGQHWZHUGHQ 'U.NHQ6LHGLH7DVWH XQGKDOWHQ6LHVLHJHGU.NW'LH1XPPHU ZLUGLP'LVSOD\DQJH]HLJWXQGGDQQQRUPDOJHZlKOW 6WDQGDUGPl‰LJ LVWLPPHUPLWGHU0DLOER[QXPPHUYHUNQSIW:LH GLH5XIQXPPHUQGHQ.XU]ZDKOWDVWHQ]XJHRUGQHWZHUGHQHUIDKUHQ6LH DXI6HLWH 5XIWRQDEV.KDOWHQXQG9LEUDWLRQVDODUP %HL%HGDUIN|QQHQVLHGLH.OLQJHOXQG$ODUPW|QHDEVWHOOHQXPDQGHUHQL.KW]XVW| UHQ...
  • Seite 22 )UHLVSUH.KIXQNWLRQ %HLHLQHU%HVSUH.KXQJ ZHQQGLHDQGHUHQDQZHVHQGHQ3HUVRQHQDP*HVSUl.KWHLO QHKPHQVROOHQ RGHULQ,KUHP)DKU]HXJN|QQHQ6LHGLH)UHLVSUH.KIXQNWLRQQXW]HQ (LQV.KDOWHQGHU)UHLVSUH.KIXQNWLRQ :HQQ6LHHLQHQ$QUXIWlWLJHQ 'U.NHQ6LH/DXWDQ XPGLH)UHLVSUH.KIXQNWLRQZlKUHQGHLQHV $QUXIVHLQ]XV.KDOWHQ6LHK|UHQGHQ5XIWRQ :HQQ6LHHLQHQ$QUXIHQWJHJHQQHKPHQ 'U.NHQ6LH/DXWDQ XPGHQDQNRPPHQGHQ$QUXIHQWJHJHQ]X QHKPHQ $XVV.KDOWHQGHU)UHLVSUH.KIXQNWLRQ 'U.NHQ6LH/DXWDXV 6WXPPV.KDOWXQJ :lKUHQGGHV*HVSUl.KVNDQQGDV0LNURIRQVWXPPJHV.KDOWHW DXVJHV.KDOWHW ZHU GHQGDPLW6LHXQJHVW|UWPLWDQGHUHQ3HUVRQHQVSUH.KHQN|QQHQRKQHYRP$QUXIHU JHK|UW]XZHUGHQ $XVV.KDOWHQGHV0LNURIRQV 'U.NHQ6LH2SW :lKOHQ6LH0LNUR$XVXQGGDQQ-D,P'LVSOD\HUV.KHLQWNXU] HLQH:DUQPHOGXQJ HUV.KHLQWDPREHUHQ%LOGV.KLUPUDQG (LQV.KDOWHQGHV0LNURIRQV 'U.NHQ6LH2SW 'U.NHQ6LH0LNUR(LQ,P'LVSOD\HUV.KHLQWNXU]HLQH:DUQPHO GXQJ UHUV.KZLQGHW 'DV0LNURIRQZLUGEHL(LQJDQJHLQHVQHXHQ$QUXIVDXWRPDWLV.KZLHGHUHLQJHV.KDOWHW /DXWVWlUNHHLQVWHOOXQJ 8PGLH/DXWVWlUNHZlKUHQGHLQHV*HVSUl.KV]XlQGHUQ 9HUZHQGHQ6LH RGHU XPGLH/DXWVWlUNHLQVLHEHQ6WXIHQ]X YHUULQJHUQRGHU]XHUK|KHQZLHLP'LVSOD\DQJH]HLJW 'U.NHQ6LH(QGH RGHUZDUWHQ6LH]ZHL6HNXQGHQXP]XUYRU KHULJHQ$Q]HLJH]XU.N]XNHKUHQ 6LHKHGD]X/DXWVWlUNHHLQVWHOOHQDXI6HLWH 0)97|QHVHQGHQ 0)97|QHZHUGHQYHUZHQGHWXPDXI$QUXIEHDQWZRUWHU0DLOER[.RPSXWHULVLHUWHV +RPH%DQNLQJXVZ]X]XJUHLIHQ'LHVH7|QHVLQGHLQ9HUIDKUHQIUGLH:HLWHUJDEH YRQ3D‰Z|UWHUQXQG5.NUXIQXPPHUQ...
  • Seite 23 $XWRPDWLV.K 8PZlKUHQGHLQHV*HVSUl.KVHLQH6HTXHQ]YRQ0)97|QHQ]XVHQGHQ 'U.NHQ6LH2SW :lKOHQ6LH$XWR0)9 *HEHQ6LHGLH0)91XPPHUQHLQHQWZHGHUGLUHNWEHUGLH7DVWD WXURGHUDXVJHKHQGYRQHLQHULP7HOHIRQEX.K XQWHU 7HOHIRQEX.K JHVSHL.KHUWHQ1XPPHU 'U.NHQ6LH2. 1D.KGHPGLH7|QHJHVHQGHWZXUGHQZLUGGDV QRUPDOH*HVSUl.KVGLVSOD\ZLHGHUDQJH]HLJW 0)97|QHN|QQHQQL.KWJHVHQGHWZHUGHQZlKUHQGHLQ$QUXIJHSDUNWLVW 3DXVHIXQNWLRQ 7HOHIRQQXPPHUQXQGHLQH6HTXHQ]YRQ0)97|QHQN|QQHQ]XVDPPHQLP'LVSOD\ HLQJHJHEHQRGHULP6SHL.KHUJHVSHL.KHUWZHUGHQZHQQ6LHGXU.KHLQH3DXVHJH WUHQQWZHUGHQ(LQH3DXVHZLUGGXU.K'U.NHQXQG+DOWHQYRQ HLQJHJHEHQ'HU %X.KVWDEH S HUV.KHLQWLP'LVSOD\(VNDQQHLQHEHOLHELJH$Q]DKOYRQ3DXVHQ]XVDP PHQPLWPD[LPDO=HL.KHQJHVSHL.KHUWZHUGHQ MHQD.K6SHL.KHUNDSD]LWlWGHU 6,0.DUWHXQGGHV7HOHIRQV  $QUXISDUNHQXQG]XU.NKROHQ 8PHLQHQ$QUXIZlKUHQGHLQHV*HVSUl.KV]XSDUNHQ 'U.NHQ6LH 8PHLQHQ$QUXI]XU.N]XKROHQ 'U.NHQ6LH 8PHLQHQ]ZHLWHQ$QUXI]XWlWLJHQZlKUHQGHLQ$QUXIJHSDUNWLVW *HEHQ6LHHLQH5XIQXPPHUHLQ'U.NHQ6LH XPGLH1XPPHU ]XZlKOHQ 1D.K+HUVWHOOHQGHU]ZHLWHQ9HUELQGXQJGU.NHQ6LH XP]ZL V.KHQGHQ$QUXIHQ]XZH.KVHOQ 8PHQWZHGHUGDVDNWLYHRGHUGDVJHSDUNWH*HVSUl.K]XEHHQGHQ ZlKOHQ6LHLP2SW0HQ$NWLYEHHQGHQRGHU3DUNHQEHHQGHQ 'HUYHUEOHLEHQGH$QUXIZLUGDXWRPDWLV.K]XU.NJHKROW 'U.NHQ6LH XPGHQDQGHUHQ$QUXI]XEHHQGHQ 'XU.K'U.NHQYRQ N|QQHQEHLGH*HVSUl.KHJOHL.K]HLWLJEHHQGHWZHUGHQ 'LHDOWHUQDWLYH0HWKRGHHLQHQ$QUXI]XSDUNHQXQG]XU.N]XKROHQXQG HLQHQ]ZHLWHQ$QUXIZlKUHQGGHV*HVSUl.KV]XWlWLJHQEHVWHKWGDULQGLH )XQNWLRQ ]XQXW]HQXPHLQ0HQPLWGHQREHQJHQDQQWHQ...
  • Seite 24 'LHQVWH :lKOHQ6LH$QNORSIHQ :lKOHQ6LH(LQV.KDOWHQRGHU$XVV.KDOWHQ1D.KHLQHPNXU]HQ $XJHQEOL.N ,KUH$QIUDJHZLUGDQGDV1HW]JHVDQGW HUKDOWHQ6LH HLQH%HVWlWLJXQJDXIGHP'LVSOD\ 'U.NHQ6LH(QGH RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH]XU. N]XNHKUHQ $NWLRQEHL(PSIDQJHLQHV]ZHLWHQ$QUXIV :HQQHLQ]ZHLWHU$QUXIDQNRPPWK|UHQ6LHHLQHQGRSSHOWHQ3LHSWRQLP 'LVSOD\ZLUGHLQ7HOHIRQV\PEROHLQJHEOHQGHWVRZLHGLH7HOHIRQQXPPHU ZHQQYHUIJEDU 'U.NHQ6LHQXQHQWZHGHU XPGHQ$QUXIHQWJHJHQ ]XQHKPHQXQGGHQHUVWHQ$QUXI]XSDUNHQRGHU $EOHKQ  XPGHQ$QUXI DE]XOHKQHQXQGGHP$QUXIHUHLQ%HVHW]W]HL.KHQ]XVHQGHQ'U.NHQ6LH XP]ZLV.KHQGHQEHLGHQ$QUXIHQXP]XV.KDOWHQ .RQIHUHQ]IXQNWLRQHQ 0LWGLHVHU)XQNWLRQN|QQHQ6LH]ZHLELVIQI *HVSUl.KHJOHL.K]HLWLJIKUHQ EHLGHQHQDOOH7HLOQHKPHUVL.KJHJHQVHLWLJK|UHQXQGPLWHLQDQGHUVSUH.KHQ N|QQHQ 6WHOOHQ6LHHLQH9HUELQGXQJDXIJHZRKQWH:HLVHKHUXQGGU.NHQ 6LH *HEHQ6LHHLQHZHLWHUH1XPPHUHLQXQGGU.NHQ6LH  'HUHUVWH $QUXIZLUGQXQJHSDUNWZlKUHQGGHU]ZHLWH$QUXIDNWLYZLUG 'U.NHQ6LH2SW  XPIROJHQGHV0HQ]X|IIQHQ 2SWLRQ %HV.KUHLEXQJ (UODXEWGLH(LQJDEHHLQHU0)96HTXHQ]MHGR.K $XWR0)9 QXUIUGHQDNWLYHQ$QUXI :H.KVHOW]ZLV.KHQGHPDNWLYHQXQGGHPJHSDUNWHQ :H.KVHOQ $QUXI 9HUELQGHWGHQDNWLYHQXQGGHQJHSDUNWHQ$QUXI...
  • Seite 25 'DV0HQV\VWHP 00, ,KU7HOHIRQHQWKlOW)XQNWLRQHQXQG0HUNPDOHGLHEHUHLQOHL.KWYHUVWlQGOL.KHV0H QV\VWHP]XJlQJOL.KVLQG 0HQSXQNWHXQG'LHQVWHZHUGHQWHLOZHLVHEHU,KUH6,0.DUWHJHVWHXHUWXQGVLQG GDPLWDEKlQJLJYRQ,KUHP1HW]E]Z'LHQVWHDQELHWHU1L.KWDERQQLHUWH'LHQVWH N|QQHQYRQGHU6,0.DUWHJHVWHXHUWDXVJHEOHQGHWVHLQ =XJDQJ]XGHQ0HQV 9RQGHU%HUHLWV.KDIWVDQ]HLJHDXVN|QQHQ6LHGLUHNWDXIDOOHLP7HOHIRQEX.KJHVSHL .KHUWHQ1XPPHUQ]XJUHLIHQLQGHP6LH GU.NHQ8PYRQGHU%HUHLWV.KDIWVDQ]HL JHDXVGDV+DXSWPHQ]X|IIQHQGU.NHQ6LH 9HUZHQGHQ6LH RGHU XP]XGHUJHZQV.KWHQ)XQNWLRQ]XJHKHQ $OOHDQGHUHQ)XQNWLRQHQXQG0HUNPDOHZHUGHQGDQQDXVJHZlKOWLQGHP6LHDXI RGHU :DKO GU.NHQ8P]XPYRUKHULJHQ0HQ]XU.N]XNHKUHQGU.NHQ6LH RGHUNXU]DXI (QGH 8PGLH0HQV]XYHUODVVHQGU.NHQXQGKDOWHQ6LH RGHU IDOOVNHLQ*HVSUl.KJHIKUWZLUG /|V.KHQ 0HQVWUXNWXU ,QWHUQHW%URZVHU 6WDUWHQ /HVH]HL.KHQ $QGHUH6HLWH 3URILOOLVWH 1HW]GLHQVWH (LQVWHOOXQJHQ ‡$QZHQGXQJHQ &D.KHO|V.KHQ ‡'LHQVWH %LOGHUUXQWHUODGHQ ‡,QIRUPDWLRQ 6NULSWDQQDKPH 6SLHOH 5HVKDSH 7HOHIRQEX.K 3XVK ‡$XIUXI...
  • Seite 26 (LQJDEHYRQWH[W )UEHVWLPPWH)XQNWLRQHQ]%6SHL.KHUQYRQ1DPHQLP6SHL.KHURGHU9HUVHQGHQ YRQ6067H[WQD.KUL.KWHQPVVHQ6LHZLVVHQZLH6LH7H[WDXIGHP'LVSOD\HLQJHEHQ XQGEHDUEHLWHQ $XIGHU$Q]HLJHHUV.KHLQWLP0RGXV.OHLQEX.KVWDEHQ XQG LP0RGXV*UR‰ EX.KVWDEHQ7H[WXQG=HL.KHQN|QQHQGDQQGLUHNWEHUGDV7DVWHQIHOGHLQJHJHEHQ RGHUEHDUEHLWHWZHUGHQ (VJLEW]ZHL0HWKRGHQ7H[WXQG=LIIHUQLQGLH$Q]HLJHHLQ]XJHEHQ'LH0XOWLWDS RGHU0XOWLSUHVV0HWKRGHXQGGLHV.KQHOOHUHLQWHOOLJHQWHLQWXLWLYH0HWKRGHQDPHQV 77H[WHLQJDEHEHLGHULQVJHVDPWZHQLJHU7DVWHQ]XGU.NHQVLQGDOVEHLGHU0XOWL WDS0HWKRGH 77H[WHLQJDEH 'LHVLVWGLH6WDQGDUGPHWKRGHIUGLHIUHLH7H[WHLQJDEH 'U.NHQ6LHDXI XP]ZLV.KHQGHU77H[WHLQJDEHXQGGHUQRUPDOHQ 0XOWLWDS0HWKRGHXP]XV.KDOWHQ %HGLHQXQJLP77H[WHLQJDEHPRGXV 'LH7DVWHPLWGHPJHZQV.KWHQ%X.KVWDEHQLQGHU5HLKHQIROJH GHU%X.KVWDEHQGHV:RUWHVMHZHLOVQXUHLQPDOGU.NHQ /DVVHQ6LHVL.KQL.KWVW|UHQZHQQGDVJHZQV.KWH=HL.KHQQL.KW VRIRUWDQJH]HLJWZLUG 'DVDNWLYH:RUWlQGHUWVL.KZlKUHQG6LHV.KUHLEHQWLSSHQ6LH GDKHUGDVJHVDPWH:RUWHLQ )DOOVGDV:RUWQL.KWDQJH]HLJWZLUGGU.NHQ6LH IUDQGHUH HQWVSUH.KHQGH:|UWHU )DOOV,KU:RUWQL.KWHUNDQQWZLUGGU.NHQ6LHDXI XP]XU 0XOWLWDS0HWKRGH]XZH.KVHOQXQGGDV:RUW]XYHUYROOVWlQGL JHQ 9HUZHQGHQ6LH RGHU XPGHQ&XUVRUGRUWLP7H[W]XSRVL WLRQLHUHQZR=HL.KHQHLQJHIJWRGHU.RUUHNWXUHQGXU.KJHIKUW ZHUGHQVROOHQ 7LSSVXQG%HGLHQXQJ 7DVWH $NWLRQ 8PVWHOOXQJ*UR‰.OHLQV.KUHLEXQJ /|V.KHQRGHU5.NV.KULWW /|V.KHQ...
  • Seite 27 ‡ 'U.NHQ6LH  +D ZLUGDQJH]HLJW ‡ 'U.NHQ6LH  +DW ZLUGDQJH]HLJW ‡ 'U.NHQ6LH  +DXV ZLUGDQJH]HLJW )DOOVGDVDQJH]HLJWH:RUWQL.KW,KUHQ:QV.KHQHQWVSUL.KWGU.NHQ VRRIWZLHQ|WLJXP,KU:XQV.KZRUW]XVHKHQ ‡ 'U.NHQ6LH XPGLHVHV%HLVSLHO]XYHUODVVHQXQG]XU%HUHLWV.KDIWVDQ ]HLJH]XU.N]XNHKUHQ 'LH0XOWLWDS0XOWLSUHVV0HWKRGH 'U.NHQ6LHDXI XP]ZLV.KHQGHU77H[WHLQJDEHXQGGHU0XOWLWDS0H WKRGHXP]XV.KDOWHQ %HLHLQHPNXU]HQ'UX.NDXIHLQHGHU7DVWHQZLUGGHUHUVWHPLWGLHVHU7DVWH YHUEXQGHQH%X.KVWDEHDQJH]HLJWZlKUHQGGLHDQGHUHQYHUIJEDUHQ%X.K VWDEHQLQGHUHUVWHQ=HLOHGHV'LVSOD\VVWHKHQ 'LHMHQD.K6SUD.KHYHUIJEDUHQ=HL.KHQZHUGHQLQGHUIROJHQGHQ7DEHOOH JH]HLJW 7DVWH =HL.KHQ .OHLQ *UR‰  #" DE.l $%&b GHI '() JKL *+, MNO -./...
  • Seite 28 (LQODQJHU7DVWHQGUX.NJLEWGDVGHU7DVWHHQWVSUH.KHQGH=HL.KHQHLQ )DOOV]ZHL=HL.KHQGHUVHOEHQ7DVWH]XJHZLHVHQVLQGZDUWHQ6LHELVGLH$Q ]HLJHDPREHUHQ%LOGV.KLUPUDQGYHUV.KZLQGHWRGHUGU.NHQ6LH EHYRU 6LHGLHVHOEH7DVWHHUQHXWGU.NHQ &RUUH.WPLVWDNHVE\DVKRUWSUHVVRQ /|V.KHQ  (LQOlQJHUHU'UX.NDXIGLH 7DVWHO|V.KWGHQJHVDPWHQHLQJHJHEHQHQ7H[W 9HUZHQGHQ6LH RGHU XPGHQ&XUVRULP7H[W]XSRVLWLRQLHUHQZR=HL .KHQHLQJHIJWRGHU.RUUHNWXUHQGXU.KJHIKUWZHUGHQVROOHQ :HQQ6LH GU.NHQXQGKDOWHQZHUGHQ,KQHQ6RQGHU]HL.KHQDXI'LV SOD\VHLWHQDQJH]HLJW$Q]HLJHXQG$XVZDKOGHU=HL.KHQHUIROJHQIROJHQGHU PD‰HQ 8PHLQ=HL.KHQDXV]XZlKOHQXQGLQGHQ7H[WHLQ]XIJHQ 'LH=HL.KHQVLQGVRDQJHRUGQHWZLHGLH =HL.KHQGHV 7DVWHQIHOGV ,QGLHVHP%HLVSLHOZUGH EHLHLQHP'UX.NDXI DXVJHZlKOW XQGGLUHNWLQGHQ7H[WHLQJHIJW 'U.NHQ6LH RGHU XP]XUQl.KVWHQ6HLWH]XJHODQJHQ %HLVSLHO  8P +DXV LQGDV'LVSOD\HLQ]XJHEHQ ‡ 'U.NHQ6LH XQGZlKOHQ6LH 0LWWHLOXQJHQ  ‡...
  • Seite 29 1HW]GLHQVWH ,KU1HW]EHWUHLEHUELHWHW0HKUZHUWGLHQVWHVRZLH,QIRUPDWLRQVQXPPHUQ'LHVH'LHQ VWHXQG7HOHIRQQXPPHUQZHUGHQLQ,KUHU6,0JHVSHL.KHUWXQGVWHKHQ IDOOVYHUIJ EDU LP0HQXQWHUGHP%HIHKO 1HW]GLHQVWH DP$QIDQJGHV0HQV]XU9HUIJXQJ (LQ]HOKHLWHQHUIDKUHQ6LHEHL,KUHP'LHQVWHDQELHWHU  (VJLEWGUHL0|JOL.KNHLWHQIUHLQHQ'LHQVWHDQELHWHUVHLQH0HKUZHUWGLHQVWHXQG,Q IRUPDWLRQVQXPPHUQ]XSUlVHQWLHUHQ 6,0$QZHQGXQJVNLW (LQHDXWRPDWLV.KH0HWKRGHQHW]ZHUNVSH]LILV.KH DOVRQL.KWWHOHIRQVSH]LIL V.KH 'LHQVWHDQ]XELHWHQ'LHVH'LHQVWHVLQG6,0DEKlQJLJ $XIGHU6,0JHVSHL.KHUWH6'11XPPHUQ (VN|QQHQELV]X1XPPHUQGLHQL.KWYRP%HQXW]HUJHlQGHUWZHUGHQ N|QQHQDXIGHU6,0JHVSHL.KHUWZHUGHQ ,QIRUPDWLRQVQXPPHUQ (LQH/LVWHRGHUHLQ0HQLQGHP6LH1HW]RGHU,QIRUPDWLRQVGLHQVWH,KUHV 1HW]HVDEUXIHQN|QQHQ (LQLJH1HW]EHWUHLEHUXQWHUVWW]HQGHUREHQHUZlKQWHQ'LHQVWHPLWGHUJOHL.KHQ 6,0.DUWH,QGLHVHP)DOOILQGHQ6LHLP+DXSWPHQGLH,QIRUPDWLRQHQ]X 1HW]GLHQ VWHQ LQ]ZHLYHUV.KLHGHQHQ8QWHUPHQV $QZHQGXQJHQ XQG 'LHQVWH RGHU ,QIRU PDWLRQ ...
  • Seite 30 7HOHIRQEX.K 'LH6,0XQGGDV7HOHIRQEHVLW]HQ6SHL.KHUEHUHL.KHGLH]XP6SHL.KHUQYRQ1DPHQ XQG7HOHIRQQXPPHUQGLHQHQGLHDOV7HOHIRQEX.KEH]HL.KQHWZHUGHQ 'DV7HOHIRQNDQQELV]XHUZHLWHUWH.DUWHQ JHQDQQW7HOHIRQEX.KHLQWUlJHGHV 7HOHIRQV VSHL.KHUQ'LHVH.DUWHQN|QQHQIROJHQGH,QIRUPDWLRQHQHQWKDOWHQ)DPL OLHQQDPH9RUQDPH6\PEROSULYDWH7HOHIRQQXPPHU5XIQXPPHUDP$UEHLWVSODW] 5XIQXPPHUGHV]HOOXODUHQ7HOHIRQVXQG$QPHUNXQJHQ 'DV7HOHIRQXQWHUVWW]WHEHQIDOOV6,0.DUWHQPLWELV]X6SHL.KHUP|JOL.KNHLWHQ JHQDQQW6,07HOHIRQEX.KHLQWUlJH GHUHQ$Q]DKOXQG6SHL.KHUNDSD]LWlWDEHUYRQ GHU6,0VHOEVWDEKlQJHQ'LHVH.DUWHQHQWKDOWHQIROJHQGH,QIRUPDWLRQHQ'DV6,0 7HOHIRQEX.KNDQQNHLQHHUZHLWHUWHQ.DUWHQVSHL.KHUQ 'LH7HOHIRQXQG6,06SHL.KHUSOlW]HVLQGPLWHLQDQGHUYHUEXQGHQ 6RZRKOGLH6,0DOVDX.KGLH7HOHIRQ6SHL.KHUSOlW]HZHUGHQGXU.KVX.KWZHQQGLH $EUXIHQ)XQNWLRQJHZlKOWZLUG 1DPHQXQG7HOHIRQQXPPHUQVSHL.KHUQ 1DPHQXQG1XPPHUQN|QQHQGLUHNWLP7HOHIRQEX.KJHVSHL.KHUWZHUGHQ RGHUYRQHLQHPDQGHUHQ6SHL.KHUEHUHL.KZLH6061D.KUL.KWHQ1RWL]EOR.N RGHU/LVWHGHU]XOHW]WJHZlKOWHQ1XPPHUQXVZEHUQRPPHQZHUGHQ (VZLUGHPSIRKOHQGLH1XPPHUQLPLQWHUQDWLRQDOHQ)RUPDWPLWGHP ¶·3UlIL[JHIROJWYRQGHU7HOHIRQQXPPHU]XVSHL.KHUQ6RLVWVL.KHU JHVWHOOWGD‰6LHGLH1XPPHUVRZRKOYRQ,KUHP/DQGDOVDX.KYRP $XVODQGDXVDQUXIHQN|QQHQ 'LH7H[WHLQJDEHZLUGDXI6HLWHEHV.KULHEHQ (VJLEWPHKUHUH0|JOL.KNHLWHQ5XIQXPPHUQLQGHQYHUV.KLHGHQHQ7HOHIRQ E.KHUQ]XVSHL.KHUQ 7HOHIRQEX.KGHV7HOHIRQV ‡ 'LUHNWYRQGHU%HUHLWV.KDIWVDQ]HLJHDXV *HEHQ6LHGLH1XPPHUHLQ'U.NHQ6LH 6SHL.KHUQ :lKOHQ6LH  7HOHIRQVHJP  (LQH/LVWHZLUGHLQJHEOHQGHW 6LHPVVHQHQWVSUH.KHQGGHUHLQJHJHEHQHQ1XPPHUZlKOHQ 3ULYDW%URRGHU+DQG\ )ROJHQGH)HOGHUZHUGHQDQJH]HLJW )HOG %HV.KUHLEXQJ )DPLOLHQQDPH )DPLOLHQQDPHGHV.DUWHQEHVLW]HUV 9RUQDPH...
  • Seite 31 )ROJHQGH)HOGHUZHUGHQDQJH]HLJW )HOG %HV.KUHLEXQJ 5XIQXPPHU 3ULYDW 'LH3ULYDWQXPPHUGHV%HVLW]HUV 'LH5XIQXPPHUDP$UEHLWVSODW]GHV%HVLW 5XIQXPPHU %UR ]HUV 'LH5XIQXPPHUGHV]HOOXODUHQ7HOHIRQVGHV 5XIQXPPHU +DQG\ %HVLW]HUV $QPHUNXQJHQRGHU.RPPHQWDUH]XGLHVHU $QPHUNXQJ .DUWH *HEHQ6LHGLHHUIRUGHUOL.KHQ'DWHQHLQ%HVWlWLJHQ6LHMHGH(LQ JDEHPLW 2. (LQH%HVWlWLJXQJ,KUHU(LQJDEHXQGGLHYHUEOHLEHQGHQ6SHL.KHU SOlW]HZHUGHQNXU]DQJH]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ ‡ $QKDQGGHV0HQV 'U.NHQ6LH :lKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH :lKOHQ6LH  6SHL.KHUQ   7HOHIRQVHJP  )ROJHQGH)HOGHUZHUGHQDQJH]HLJW )HOG %HV.KUHLEXQJ )DPLOLHQQDPH...
  • Seite 32 (LQH%HVWlWLJXQJ,KUHU(LQJDEHXQGGLHYHUEOHLEHQGHQ6SHL.KHU SOlW]HZHUGHQNXU]DQJH]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ ‡ 9RQDQGHUHQ6SHL.KHUSOlW]HQDXV 'LH5XIQXPPHUQGLHXQWHUOHW]WHJHZlKOWHHQWJHJHQJHQRPPHQHXQGXQ EHDQWZRUWHWH1XPPHUQ1RWL]EOR.NXQG6061D.KUL.KWDXIJH]HL.KQHW VLQGN|QQHQDOOHLP7HOHIRQEX.KJHVSHL.KHUWZHUGHQ =HLJHQ6LHHLQHGLHVHU1XPPHUQDQGU.NHQ6LHGDQQDXI 2SW )ROJHQ6LHGHQXQWHU3XQNWGHVYRUKHUJHQGHQ$EV.KQLWWVDXI JHIKUWHQ$QZHLVXQJHQ %HLGHU(LQJDEHGHU1XPPHUXQGGHV1DPHQVN|QQHQ6LHGXU.KHLQNXU]HV'U.NHQDXI/|V.KHQ GDVOHW]WH=HL.KHQO|.KHQ'XU.KOlQJHUHV'U.NHQZLUGGLHJHVDPWH$Q]HLJHJHO|V.KW 6,07HOHIRQEX.K ‡ 'LUHNWYRQGHU%HUHLWV.KDIWVDQ]HLJHDXV *HEHQ6LHGLH1XPPHUHLQ'U.NHQ6LH 6SHL.KHUQ :lKOHQ6LH  6HJPW6,0  %HVWlWLJHQ6LHGLH1XPPHUGXU.K'U.NHQDXI 2. *HEHQ6LHGHQ1DPHQ IDOOVHUIRUGHUOL.K HLQXQGGU.NHQ6LH (LQH%HVWlWLJXQJ,KUHU(LQJDEHXQGGLHYHUEOHLEHQGHQ6SHL.KHU SOlW]HZHUGHQNXU]DQJH]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ ‡ $QKDQGGHV0HQV 'U.NHQ6LH :lKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH...
  • Seite 33 'LH=HL.KHQ 3 3DXVH XQGBN|QQHQ]XVDPPHQPLW5XIQXPPHUQ JHVSHL.KHUWZHUGHQ:HQQGHU6SHL.KHUGHU6,0.DUWHRGHUGHV7HOHIRQV YROOLVWZLUGHLQH:DUQPHOGXQJHLQJHEOHQGHWVREDOG6LHGDV7HOHIRQEX.K ZlKOHQ )UHLH6SHL.KHUSOlW]HGHV7HOHIRQEX.KV 8P]XVHKHQZLHYLHOHIUHLH7HOHIRQEX.KHLQWUlJHQR.KLQGHU6,0RGHULP 7HOHIRQEX.KYHUIJEDUVLQG 'U.NHQ6LH :lKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH XQGYHUZHQGHQ6LH RGHU XPGLH  1R.KIUHL UHVWOL.KHQ6SHL.KHUSOlW]HLQGHU6,0RGHULP7HOHIRQDQ]X]HLJHQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ )DOOVYHUIJEDUZHUGHQDX.KGLHIUHLHQ6SHL.KHUSOlW]HLQGHU)'1/LVWHDQJH]HLJW 1XPPHUQLP7HOHIRQEX.KHLQVHKHQXQGDQUXIHQ 7HOHIRQEX.KHLQWUlJHN|QQHQLP'LVSOD\DQJH]HLJWZHUGHQXPEHDUEHLWHW JHO|V.KWNRSLHUWYHUV.KREHQRGHUYRP7HOHIRQEX.KE]ZGHU6,0DXVDQ JHUXIHQ]XZHUGHQ(VJLEW]ZHL0|JOL.KNHLWHQGLH1XPPHUQLP7HOHIRQ EX.KHLQ]XVHKHQXQGDQ]XUXIHQ ‡ 'LUHNWYRQGHU%HUHLWV.KDIWVDQ]HLJHDXV 'U.NHQ6LH XPGLH7HOHIRQEX.KOLVWHHLQ]XVHKHQ ‡ $QKDQGGHV0HQV 'U.NHQ6LH XQGZlKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH $XIUXI  'U.NHQ6LHHQWZHGHU 2.
  • Seite 34 'U.NHQ6LH 2SW )ROJHQGHV0HQZLUGDQJH]HLJW (LQWUDJ )XQNWLRQ %HDUEHLWHQGHV1DPHQVXQGGHU1XPPHU %HDUEH LWHQ /|V.KHQ /|V.KWGHQ(LQWUDJ .RSLHUWGHQ(LQWUDJLQGLH6,0RGHUGDV7HOHIRQEX.K E]ZXPJHNHKUW9RUGHP.RSLHUHQNDQQGHU(LQ .RSLHUHQ WUDJEHDUEHLWHWZHUGHQ 9HUV.KLHEWGHQ(LQWUDJDQHLQHDQGHUH3RVLWLRQ9RU 9HUV.KLH GHP9HUV.KLHEHQNDQQGHU(LQWUDJEHDUEHLWHWZHU $QUXI 5XIWGLHDQJH]HLJWH1XPPHUDQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ $Q]HLJHGHUHLJHQHQ1XPPHU 'DV7HOHIRQNDQQ,KUH/HLWXQJ0RELOWHOHIRQQXPPHUDQ]HLJHQGLH0R ELOWHOHIRQQXPPHUIU/HLWXQJ $OWHUQDWH/LQH6HUYL.H VRZLH,KUH'DWHQ XQG)D[QXPPHU'LHVH1XPPHUQ IDOOVYHUIJEDU VLQGLQGHU6,0JHVSHL .KHUW)DOOVQL.KWN|QQHQVLHPDQXHOODEJHVSHL.KHUWZHUGHQ'HQ1XPPHUQ N|QQHQ1DPHQ]XJHZLHVHQZHUGHQVRNDQQ]%/HLWXQJDOV%UREH ]HL.KQHWZHUGHQXVZ 8P,KUHHLJHQHQ1XPPHUQHLQ]XVHKHQ]XEHQHQQHQXQG]XEHDUEHLWHQ 'U.NHQ6LH :lKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH (LJHQH1XPPHUQ 'LH0RELOWHOHIRQQXPPHUIU/HL WXQJZLUGDQJH]HLJW 9HUZHQGHQ6LH RGHU...
  • Seite 35 :lKOHQ6LH (LQ RGHU $XV *HEHQ6LHGHQ3,1&RGHHLQ 'U.NHQ6LH 2. XPGLH(LQVWHOOXQJ]XEHVWlWLJHQ 8PGLH1XPPHUQLQGHU/LVWHHLQ]XVHKHQ 'U.NHQ6LH :lKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH %HVWLPPWH:DKO  :lKOHQ6LH $QVL.KW XQGYHUZHQGHQ6LH RGHU XPVlPWOL .KH(LQWUlJH]XVHKHQ'U.NHQ6LH 2SW XPGLH1XPPHUQ]X EHDUEHLWHQ]XO|V.KHQRGHULQGDV7HOHIRQRGHUGLH6,0]XNRSLH UHQ 8P1XPPHUQLQGHU)'1/LVWHHLQ]XJHEHQ]XEHDUEHLWHQRGHU]XO|V.KHQ 'U.NHQ6LH :lKOHQ6LH 7HOHIRQEX.K  :lKOHQ6LH %HVWLPPWH:DKO  :lKOHQ6LH 1HXHKLQ]XIJHQ 6LHZHUGHQ]XU(LQJDEHGHV3,1 &RGHVDXIJHIRUGHUWZHQQGLHVQL.KWV.KRQJHV.KHKHQLVW1XQ N|QQHQ6LHQHXH1XPPHUQHLQIJHQXQGEHVWHKHQGH1XPPHUQ EHDUEHLWHQO|V.KHQXQGLQGDV7HOHIRQRGHUGLH6,0NRSLHUHQ ,QGHU)'1/LVWHJHVSHL.KHUWH1XPPHUQN|QQHQPLW3ODW]KDOWHU)UHLVWHOOHQYHUVHKHQZHUGHQ6R LVWHVEHLVSLHOVZHLVHEHLHLQHP(LQWUDJBBP|JOL.KDOOH1XPPHUQYRQ ELVDQ]XUXIHQ'LH1XPPHUNDQQEHDUEHLWHWXQGLQGHU%HUHLWV.KDIWVDQ...
  • Seite 36 1D.KUL.KWHQ 606 'HU6061D.KUL.KWHQGLHQVWHUP|JOL.KWHV,KQHQNXU]H7H[WQD.KUL.KWHQYRQELV]X =HL.KHQDQDQGHUH0RELOWHOHIRQHGLHEHUGLHVH)XQNWLRQYHUIJHQ]XVHQGHQ RGHUYRQVRO.KHQ0RELOWHOHIRQHQ]XHPSIDQJHQ'LH1D.KUL.KWHQZHUGHQQL.KWGL UHNWDQGDVDQGHUH0RELOWHOHIRQEHUPLWWHOWVRQGHUQJHKHQEHUHLQH1D.KUL.KWHQ ]HQWUDOHGHV1HW]ZHUNEHWUHLEHUV6LHN|QQHQHEHQIDOOV1D.KUL.KWHQVSHL.KHUQ EHDUEHLWHQXQGZHLWHUOHLWHQVRZLHGLHJJILQGHQ1D.KUL.KWHQHQWKDOWHQHQ1XP PHUQDEVSHL.KHUQ /HVHQHLQHUHPSIDQJHQHQ6061D.KUL.KW :HQQGDV7HOHIRQHLQH6061D.KUL.KWHPSIlQJWHUW|QWHLQ606$ODUPVL JQDOXQG ZLUGDQJH]HLJW'LH1D.KUL.KWZLUGDXWRPDWLV.KDXIGHU6,0 .DUWHJHVSHL.KHUW)DOOV EOLQNWLVWDXIGHU6,0NHLQ6SHL.KHUSODW]PHKUIU GLH1D.KUL.KWYRUKDQGHQ/|V.KHQ6LHlOWHUH1D.KUL.KWHQXP3ODW]IUQHXH ]XPD.KHQ 'U.NHQ6LH /HVHQ XPDOOHHPSIDQJHQHQ1D.KUL.KWHQ]XOHVHQ (LQJDQJVER[  *HVSHL.KHUWH6061D.KUL.KWHQOHVHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH (LQJDQJVER[ XPGLH.RSI]HLOHGHUHUVWHQ1D.KUL.KW ]XVHKHQ 'U.NHQ6LH RUZlKOHQ6LH 2SW  7H[WOHVHQ XPGHQ7H[W GHU1D.KUL.KW]XOHVHQ (VLVWQXQP|JOL.KVlPWOL.KHJHVSHL.KHUWHQ1D.KUL.KWHQ]XOHVHQ%HQXW]HQ 6LHGLH3IHLOWDVWHQXP]ZLV.KHQ6HLWHQRGHU1D.KUL.KWHQ]XEOlWWHUQ8QJH OHVHQH1D.KUL.KWHQVLQGGXU.K JHNHQQ]HL.KQHWEHUHLWVJHOHVHQHGXU.K 9HUZDOWXQJ GHU HPSIDQJHQHQ XQG JHVSHL.KHUWHQ 606 1D.KUL.KWHQ :HQQ6LHGLH6061D.KUL.KWJHOHVHQKDEHQGU.NHQ6LH 2SW...
  • Seite 37 'DV$ODUPVLJQDOHLQRGHUDXVV.KDOWHQ %HLMHGHP(PSIDQJHLQHUQHXHQ1D.KUL.KWHUW|QWHLQ606$ODUPVLJQDO8P GLHVHV6LJQDOHLQRGHUDXV]XV.KDOWHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH $ODUP :lKOHQ6LH (LQ RGHU $XV  'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ 9RUEHUHLWXQJGHV7HOHIRQVXP6061D.KUL.KWHQ]XVHQGHQ 6LHN|QQHQ7H[WQD.KUL.KWHQYHUIDVVHQXQGVHQGHQ%HYRU6LHGLHVWXQN|Q QHQPX‰GLH1XPPHUGHU1D.KUL.KWHQ]HQWUDOHGHV1HW]ZHUNVJHVSHL.KHUW ZHUGHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 1D.KUL.KWHQ]HQWUXP  )DOOVHLQH1XPPHUDQJH]HLJWZLUGEHGHXWHWGLHVGD‰GLH1XPPHUGL UHNWDXVGHQDXIGHU6,0JHVSHL.KHUWHQ'DWHQJHODGHQZXUGH)DOOVNHL QH1XPPHUDQJH]HLJWZLUGJHEHQ6LHGLH1XPPHUPDQXHOOLP LQWHUQDWLRQDOHQ)RUPDWHLQRGHUUXIHQ6LHVLHYRQHLQHP6SHL.KHUSODW] 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ...
  • Seite 38 8PHLQHQ7H[WHQWZXUI]XHUVWHOOHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH 7H[WHQWZUIH  :lKOHQ6LHHLQHOHHUH9RUODJH >@ XQGGU.NHQ6LH %HDUE *HEHQ6LHGHQ7H[WHQWZXUIHLQXQGGU.NHQ6LH 2. 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ (LQHQ7H[WHQWZXUIEHDUEHLWHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :kKOHQ6LH 7H[WHQWZUIH  :lKOHQ6LHGHQ7H[WHQWZXUIGHQ6LHYHUlQGHUQP|.KWHQXQG GU.NHQ6LH %HDUE %HDUEHLWHQ6LHGHQ7H[WXQGGU.NHQ6LH 2. 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ (LQHQHXH6061D.KUL.KWDQHLQH$GUHVVHVHQGHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH 1HXV.KUHLEHQ ...
  • Seite 39 6LHHUKDOWHQHLQ%HVWlWLJXQJEHUGDV6HQGHQGHU1D.KUL.KWHQ :lKOHQ6LHRE6LHVSHL.KHUQRGHUHLQHDQGHUH1D.KUL.KWVHQGHQ P|.KWHQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ (LQHQHXH6061D.KUL.KWVSHL.KHUQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH 1HXV.KUHLEHQ  6LHN|QQHQHQWZHGHUHLQHQ7H[WHQWZXUIZlKOHQRGHUGHQ1D.K UL.KWHQWH[WHLQJHEHQXQG 2. GU.NHQ :lKOHQ6LH 6SHL.KHUQ  :lKOHQ6LHRE6LHVSHL.KHUQRGHUHLQHDQGHUH1D.KUL.KWVHQGHQ P|.KWHQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ 1D.KUL.KWHQLQGHU3RVWDXVJDQJVER[ 'LH3RVWDXVJDQJVER[HQWKlOWJHV.KULHEHQHJHVSHL.KHUWHXQGQR.KQL.KW JHVHQGHWH1D.KUL.KWHQHEHQVREHUHLWVJHVHQGHWHXQGJHVSHL.KHUWH1D.K UL.KWHQJHNHQQ]HL.KQHWMHZHLOVGXU.KLKUH.RSI]HLOHQ'LHVH1D.KUL.KWHQ N|QQHQLP3RVWDXVJDQJVER[0HQJHZlKOWXQGDOV606.XU]QD.KUL.KWLQ JHZRKQWHU:HLVHHUQHXWYHUVHQGHWZHUGHQ 8PHLQH3RVWDXVJDQJVER[1D.KUL.KW]XZlKOHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ  :lKOHQ6LH 3RVWDXVJDQJVER[ XQGYHUZHQGHQ6LH RGHU...
  • Seite 40 8PHLQHQ6WDWXVEHUL.KWIU2XWER[1D.KUL.KWHQ]XEHDQWUDJHQ 'U.NHQ6LH 2SW )ROJHQGHV0HQZLUGDQJH]HLJW (LQWUDJ $NWLRQ /|V.KWGLHHQWVSUH.KHQGH6061D.KUL.KWXQGGHQ 1D.KU O|V.KHQ 6WDWXVEHUL.KW (PSIDQJGHV6WDWXVEHUL.KWEHVWlWLJHQXQG$Q]HL /|V.KHQ JHO|V.KHQ 0LWWHLOXQJXQG 6WDWXV =HLJWGLHHQWVSUH.KHQGHJHVHQGHWH1D.KUL.KW (UQHXWVHQGHQ 6HQGHWGLHVHOEH1D.KUL.KWHUQHXW :lKOHQ6LHGLHJHZQV.KWH$NWLRQXQGGU.NHQ6LH 2. :LHGHUYHUZHQGEDUH1D.KUL.KWHQYRUODJHQ )DOOV,KU1HW]EHWUHLEHU6,0VOLHIHUWDXIGHQHQGHU%HQXW]HUYRUSURJUDPPLHU WH1D.KUL.KWHQYRUODJHQDEVSHL.KHUQNDQQHUV.KHLQW 0LWWHLOXQJVYRUODJHQ  LP 0LWWHLOXQJHQ  (LQVWHOOXQJHQ 0HQ'LH1D.KUL.KWHQ9RUODJHQ 1D.KU9RUO VLQGYRUSURJUDPPLHUWH(LQVWHOOXQJHQGLHEHLP6HQGHQYRQ 1D.KUL.KWHQYHUZHQGHWZHUGHQ-HGHUGLHVHU9RUODJHQNDQQHLQH%H]HL.K QXQJ]XJHZLHVHQZHUGHQGDPLWVLHOHL.KWHUHUNDQQWXQGEHL%HGDUIYHUZHQ GHWZHUGHQN|QQHQ 8PHLQH1D.KUL.KWHQYRUODJH]XHUVWHOOHQ 'U.NHQ6LH :lKOHQ6LH 0LWWHLOXQJHQ :lKOHQ6LH (LQVWHO OXQJHQ  :lKOHQ6LH 0LWWHLOXQJVYRUODJHQ :lKOHQ6LHHLQHOHHUH9RUODJH >@ ...
  • Seite 41 $QUXIH'DXHU ,P $QUXIH'DXHU 0HQVSHL.KHUWGDV7HOHIRQGHWDLOOLHUWH$QJDEHQ]XHLQJHKHQGHQ XQGDXVJHKHQGHQ$QUXIHQVRZLHGLH'DXHUGHVOHW]WHQ$QUXIVXQGGLH*HVDPWGDXHU DOOHUJHWlWLJWHQ$QUXIH $QUXIUHJLVWHU ,QGLHVHP)HDWXUHZHUGHQ(LQ]HOKHLWHQ ,GHQWLWlW8KU]HLWXQG'DWXPVRZLH $QUXIGDXHU GHUOHW]WHQJHZlKOWHQ5XIQXPPHUQGHUOHW]WHQHUKDOWH QHQXQEHDQWZRUWHWHQ$QUXIHXQGGHUOHW]WHQHUKDOWHQHQ$QUXIHJHVSHL .KHUW'DV$QUXI/RJEX.KZLUGJHPHLQVDPIU/HLWXQJXQG/HLWXQJ  JHQXW]W 'U.NHQ6LH :lKOHQ6LH $QUXIH'DXHU  :lKOHQ6LH $QUXIUHJLVWHU  :lKOHQ6LH /HW]WHU$QUXI  1L.KWDQJHQRPPHQ RGHU $QJ HQRPPHQ  9HUZHQGHQ6LH RGHU XPGXU.KGLH$QUXIOLVWH]XEOlWWHUQ 'LH]XOHW]WJHZlKOWH1XPPHUE]ZGLH1XPPHUGHV]XOHW]WHPSIDQJHQHQ $QUXIVZLUG]XHUVWDQJH]HLJW%HLXQEHDQWZRUWHWHQXQGHPSIDQJHQHQ$Q UXIHQZLUGGLH1XPPHUGHV$QUXIHUVDQJH]HLJWIDOOVGLHVHEHNDQQWLVWDQ GHUQIDOOVZLUG 8QEHNDQQW DQJH]HLJW 'U.NHQ6LH DXIHLQHVHOHNWLHUWH1XPPHUXPGLHVH1XPPHU]XZlKOHQ 'U.NHQ6LHDXI 2SW XPIROJHQGHV0HQ]X|IIQHQ (LQWUDJ $NWLRQ...
  • Seite 42 :HQQGLH$QUXI7LPHU]XU.NJHVWHOOWZXUGHQ VLHKH$QUXI7LPHU =XU.NVHW]HQDXI6HLWH ZLUGGDV'DWXPGHVOHW]WHQ5.N VHW]HQVNXU]DQJH]HLJW 9HUZHQGHQ6LH RGHU XPVlPWOL.KH7LPHU,QIRUPDWLRQHQ HLQ]XVHKHQ 'LH$QUXILQIRUPDWLRQXQGGLHDNNXPXOLHUWHQ=HLWHQGHUDXVJHKHQGHQ XQGHLQJHKHQGHQ$QUXIHZHUGHQDQJH]HLJW 'U.NHQ6LH 'HWDLOV  XP(LQ]HOKHLWHQ]X5RDPLQJ$QUXIHQXQGLQ WHUQDWLRQDOHQ$QUXIHQXVZ]XHUIDKUHQ 'U.NHQ6LH RGHU (QGH  XP]XUYRUKHULJHQ$Q]HLJH]XU.N]XNHK UHQ 'U.NHQXQGKDOWHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ )DOOV6LH/HLWXQJDERQQLHUWKDEHQZHUGHQ$OOH$QUXIHIU/HLWXQJXQG/HLWXQJVHSDUDW DXIJHIKUW 6SUH.K]HLW6DOGR QXUDOV=XVDW]YHUWUDJ 'LHVLVWHLQ=XVDW]GLHQVWGHQHLQLJH1HW]ZHUNHDQELHWHQXQGGHUHV,KQHQ HUP|JOL.KW,KUHQ6SUH.K]HLW6DOGR]XHUIDKUHQ'LHVH,QIRUPDWLRQHQZHU GHQYRP1HW]ZHUNJHVHQGHW 1lKHUHV]XU9HUIJEDUNHLWHUIDKUHQ6LHEHL,KUHP'LHQVWHDQELHWHU 'U.NHQ6LH :lKOHQ6LH $QUXIH'DXHU  :lKOHQ6LH $QUXI7LPHU  :lKOHQ6LH .RQWR,QIRUPDWLRQHQ  :lKOHQ6LH $QUXI RGHU 1XPPHUHLQJHEHQ  )DOOV $QUXI DXVJHZlKOWZLUGXQGGLH1XPPHUIU6DOGRLQIRUPDWLRQHQ...
  • Seite 43 :lKOHQ6LH (LQ  RGHU $XV  :lKOHQ6LHGHQ=HLWUDXPDXV ]ZLV.KHQXQG0LQXWHQ  'U.NHQ6LH 2. XPGLH(LQJDEH]XEHVWlWLJHQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH]XU.N]XNHKUHQ $QUXI7LPHU=XU.NVHW]HQ 0LWGLHVHU)XQNWLRQN|QQHQ6LHVlPWOL.KH$QUXI7LPHU]XU.NVHW]HQ6LHEH Q|WLJHQGHQVWHOOLJHQ6SHUU.RGHXPGLHVH)XQNWLRQ]XQXW]HQ 'U.NHQ6LH :lKOHQ6LH $QUXIH'DXHU  :lKOHQ6LH $QUXI7LPHU  :lKOHQ6LH =XU.NVHW]HQ  :lKOHQ6LH -D RGHU 1HLQ  *HEHQ6LHGHQ6SHUU.RGHHLQXQGG U.NHQ6LH 2. 'LH$NWLRQ ZLUGEHVWlWLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ...
  • Seite 44 :lKOHQ6LH $Q]HLJH.RVWHQDUW  :lKOHQ6LH (LQKHLWHQ  'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ :HQQGHU*HEKUHQW\SDXI(LQKHLWHQJHVHW]WZXUGHZHUGHQGDV.UHGLWOLPLWXQGGHUYHUEOHL EHQGH.UHGLWLQ(LQKHLWHQDQJH]HLJW )HVWOHJXQJGHV.UHGLWOLPLWVLQ(LQKHLWHQRGHU:lKUXQJ 1D.KGHP6LHGLH:lKUXQJXQGGLH*HEKUHQMH(LQKHLWIHVWJHOHJWKDEHQ N|QQHQ6LHHEHQIDOOVHLQ.UHGLWOLPLWLQ(LQKHLWHQRGHUHLQHP%HWUDJLQGHU :lKUXQJ,KUHU:DKOIHVWOHJHQIDOOVGLHVLQ,KUHP=XVDW]YHUWUDJHUIRUGHUOL.K XQGYHUIJEDULVW:HQQGDV.UHGLWOLPLWHUUHL.KWLVWN|QQHQNHLQHJHEKUHQ SIOL.KWLJHQ$QUXIHPHKUPLWGHP7HOHIRQJHWlWLJWXQGNHLQHJHEKUHQ SIOL.KWLJHQ$QUXIHPHKUHQWJHJHQJHQRPPHQZHUGHQ'LHVEHHLQWUl.KWLJW MHGR.KQL.KWGLH0|JOL.KNHLW1RWUXIHKHU]XVWHOOHQ 'U.NHQ6LH :lKOHQ6LH $QUXIH'DXHU  :lKOHQ6LH $QUXINRVWHQ  :lKOHQ6LH .UHGLWOLPLW ,QGHU$Q]HLJHHUV.KHLQWGLHDNWXHOOH .UHGLWOLPLW(LQVWHOOXQJ 'U.NHQ6LH %HDUE *HEHQ6LHGHQ3,1&RGHHLQXQG GU.NHQ6LH 2. *HEHQ6LHGDV.UHGLWOLPLWHLQ GU.NHQ6LH XPHLQ'H]LPDO NRPPDHLQ]XJHEHQ %HVWlWLJHQ6LH  PLW 2.
  • Seite 45 :lKOHQ6LH -D XPGLH*HEKUHQ]XU.N]XVHW]HQRGHU 1HLQ ]XP %HHQGHQ )DOOV6LH -D ZlKOHQJHEHQ6LHGHQ3,1&RGHHLQXQGG U.NHQ 6LH 2.  $OOH=lKOHU]XU.NJHVHW]W ZLUGNXU]DQJH]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ $OWHUQDWHOLQHVHUYL.H²$XVZDKOYRQ/HLWXQJ =XVDW]YHUWUDJ 0DQ.KH*60%HWUHLEHUXQWHUVWW]HQGLH%HQXW]XQJHLQHU]ZHLWHQ/HL WXQJ'LHVLVWQRUPDOHUZHLVHHLQ=XVDW]GLHQVWGHUEHLVSLHOVZHLVHGLH7UHQ QXQJYRQEHUXIOL.KHQXQGSULYDWHQHLQJHKHQGHQXQGDXVJHKHQGHQ$QUXIHQ HUODXEW'LH]ZHLWH/HLWXQJLVWPLWHLQHUHLJHQHQ0RELOWHOHIRQQXPPHUYHU VHKHQ 8PHLQH/HLWXQJIUDXVJHKHQGH$QUXIH]XZlKOHQ 'U.NHQ6LH :lKOHQ6LH $QUXIH'DXHU  :lKOHQ6LH /HLWXQJVDXVZDKO  'LHDNWXHOOH/HLWXQJVDXVZDKOZLUGDQJH]HLJW 9HUZHQGHQ6LH RGHU XPVL.K]XGHUJHZQV.KWHQ/HLWXQJ ]XEHZHJHQ'U.NHQ6LH:lKOHQ RGHU XP,KUH$XVZDKO ]XEHVWlWLJHQ...
  • Seite 46 (LQVWHOOXQJHQGLHVSH]LILV.KH$QSDVVXQJ ,KUHV7HOHIRQV 7HOHIRQHLQVWHOOXQJHQ 7DVWDWXUVSHUUH 'DV(LQVWHOOHQGHU7DVWDWXUVSHUUHYHUKLQGHUWGHQYHUVHKHQWOL.KHQ*H EUDX.KGHU7DVWHQXQGGHQ=XJULIIDXIGLHHQWVSUH.KHQGHQ0HQV'LH 7DVWDWXUVLJQDOHZHUGHQVWXPPJHVWHOOW %HLDQNRPPHQGHQ$QUXIHQZLUGGLH7DVWDWXUVSHUUHDXIJHKREHQXQG EHL%HHQGHQGHV*HVSUl.KVZLHGHUDNWLYLHUW1RWUXIHN|QQHQWURW]GHP YRUJHQRPPHQZHUGHQ:HQQHLQH7DVWHJHGU.NWZLUGZLUGDXIGHP 'LVSOD\GDUDQHULQQHUWGD‰GLH7DVWDWXUVSHUUHDNWLYLHUWLVW (VJLEW]ZHL0|JOL.KNHLWHQXPGLH7DVWDWXUVSHUUHHLQXQGDXV]XV.KDO WHQ ‡ 'LUHNWYRQGHU7DVWDWXULQGHU%HUHLWV.KDIWVDQ]HLJHDXV 'U.NHQ6LH XQGKDOWHQ6LHJHGU.NWXPGLH7DVWDWXUVSHUUH HLQ]XV.KDOWHQ ,P'LVSOD\HUV.KHLQW  'U.NHQ6LH (QWVS  XQG XPGLH)XQNWLRQDXV]XV.KDOWHQ ‡ $QKDQGGHV0HQV 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH (LQVWHOOXQJHQ :lKOHQ6LH 7DVWDWXUVSHUUH XPGLH 7DVWDWXUVSHUUHHLQ]XVWHOOHQ 'U.NHQ6LH (QWVS  XQG XPGLH)XQNWLRQDXV]XV.KDOWHQ :HQQDXIGLHUH.KWH)XQNWLRQVWDVWHHLQHDQGHUH)XQNWLRQSURJUDPPLHUWZXUGH VLHKH6HLWH ...
  • Seite 47 (VJLEW]ZHL0|JOL.KNHLWHQ ‡ 'LUHNWYRQGHU%HUHLWV.KDIWVDQ]HLJHDXV :HQQ6LHLQGHU%HUHLWV.KDIWVDQ]HLJH GU.NHQZLUGDQJH]HLJW 5XIW|QH  .HLQ5XIWRQ  9LEUDWLRQVDODUP  9LEUDWLRQVDO DUP.OLQJHO RGHU 9LEUGDQQNOLQJHOQ  *HKHQ6LH]XUJHZQV.KWHQ(LQVWHOOXQJ'U.NHQ6LH ]XU %HVWlWLJXQJ :HQQHLQHGHU9LUEUDWLRQVRSWLRQHQJHZlKOW ZXUGHYLEULHUWGDVWHOHIRQNXU] HUV.KHLQWLP'LVSOD\ :HQQ5XIW|QHJHZlKOWZXUGHGLH/DXWVWlUNHGHV5XIWRQVDEHUDXVJHVWHOOWZXUGHHUV.KHLQWGDV 6\PERO LP'LVSOD\ 'DV6\PERO ZLUGDQJH]HLJWZHQQ9LEUDWLRQVDODUP9LEUGDQQNOLQJHOQRGHU9LEUD WLRQ.OLQJHOJHZlKOWZXUGH(VLVWLQ%H]XJDXIGDV6\PERO YRUUDQJLJ ‡ $QKDQGGHV0HQV 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 7|QH  :lKOHQ6LH 6LJQDOW|QH  :lKOHQ6LH 5XIW|QH  9LEUDWLRQVDODUP  9LEUDWLRQ.OLQJHO  RGHU 9LEUGDQQNOLQJHOQ ]XU%HVWlWLJXQJ,KUHU:DKO 'U.NHQ6LH (QGH ...
  • Seite 48 /DXWVWlUNHHLQVWHOOHQ 'LH/DXWVWlUNHGHV.OLQJHO]HL.KHQVGHU7DVWHQXQG$ODUPW|QH :H.NHU XQG:DUQXQJ$NXHQWODGHQ VRZLHGHVDQNRPPHQGHQ*HVSUl.KV N|QQHQLQGLYLGXHOODQJHSDVVWZHUGHQGXU.K'U.NHQYRQ LQGHU%H UHLWV.KDIWVDQ]HLJHRGHULP0HQ (LQVWHOOXQJHQ  'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 7|QH  :lKOHQ6LH /DXWVWlUNH :lKOHQ6LH 5XIW|QH  7DVWHQ  *HVSUl.K RGHU $ODUP  ,P'LVSOD\ZLUGGLH$XVZDKOEHVWlWLJWXQGGLHHLQ]XVWHOOHQGH/DXWVWlUNH EHQDQQW 9HUZHQGHQ6LH RGHU XPGLH(LQVWHOOXQJDQ]XSDVVHQ 'U.NHQ6LH 2. ]XU%HVWlWLJXQJ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ :lKUHQGHLQHV$QUXIVN|QQHQVLHGLH*HVSUl.KVODXWVWlUNHHLQVWHOOHQ...
  • Seite 49 +LQWHUJUXQGEHOHX.KWXQJ(LQVWHOOXQJ 'LHVH2SWLRQHUP|JOL.KWHVGHP%HQXW]HUGLH+LQWHUJUXQGEHOHX.KWXQJ ZlKUHQGGHU(LQJDEHRGHUEHLDQNRPPHQGHQ$ QUXIHQ]XUHJHOQ (VJLEW]ZHL(LQVWHOOXQJHQ ‡ (LQIU6HN GDV'LVSOD\XQGGLH+LQWHUJUXQGEHOHX.KWXQJGHU 7DVWDWXUEOHLEHQQD.KGHP'U.NHQGHUOHW]WHQ7DVWHRGHUHLQHP $QUXIIU 6HNXQGHQDQ ‡ $XV GLH+LQWHUJUXQGEHOHX.KWXQJEOHLEWDXV 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH $Q]HLJH  :lKOHQ6LH %HOHX.KWXQJ  :lKOHQ6LHHLQHGHUEHLGHQ(LQVWHOOXQJHQ'U.NHQ6LH ]XU %HVWlWLJXQJ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ :HQQGDV7HOHIRQDQHLQ/DGHJHUlWHLQH)UHLVSUH.KDQODJHHLQHQ&/$RGHU$&$GDSWHUDQJH V.KORVVHQLVWLVWGLH+LQWHUJUXQGEHOHX.KWXQJLPPHUDQ $Q]HLJHNRQWUDVW 'HU.RQWUDVWGHV'LVSOD\NDQQGHQXPJHEHQGHQ/L.KWYHUKlOWQLVVHQDQ JHSDVVWZHUGHQ 8PGHQ.RQWUDVW]XlQGHUQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ ...
  • Seite 50 $QQDKPHPLWMHGHU7DVWH 0LWGLHVHU)XQNWLRQNDQQHLQ$QUXIGXU.K'U.NHQHLQHUEHOLHELJHQ 7DVWH PLW$XVQDKPHYRQ XQG .HLQ5XI]HL.KHQ  HQWJHJHQJH QRPPHQZHUGHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 7DVWHQ  :lKOHQ6LH $QQDKPLWMHG7DVWH  :kKOHQ6LH (LQ RGHU $XV  'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ )XQNWLRQVWDVWHQ3URJUDPPLHUHQGHU)XQNWLRQVWDVWHQ 'LH3URJUDPPDWLRQGHU)XQNWLRQVWDVWHQNDQQJHlQGHUWXQGGHP%H QXW]HUDQJHSDVVWZHUGHQ'LHYHUIJEDUHQ)XQNWLRQHQZHUGHQLQGHP 0HQZlKUHQGGHU$XVZDKODQJH]HLJW (VJLEW]ZHL0|JOL.KNHLWHQ ‡ 'LUHNWYRQGHU%HUHLWV.KDIWVDQ]HLJH 'U.NHQ6LH RGHU XQGKDOWHQ6LHGLH7DVWHJHGU.NW 9HUZHQGHQ6LH RGHU...
  • Seite 51 :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 7DVWHQ  :lKOHQ6LH .XU]ZDKO  'U.NHQ6LH RGHU XP]XUQl.KVWHQ7DVWH]XJHODQJHQ :lKOHQ6LH 1DPHQ  XPGHQ7HOHIRQEX.KHLQWUDJ]XZlKOHQ XQGGU.NHQ6LH ]XU%HVWlWLJXQJ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ :HQQHLQH5XIQXPPHUGLHHLQHU.XU]ZDKO]XJHRUGQHWZXUGHDXVGHP7HOHIRQEX.KJHO|V.KWZLUG ZLUGGLHHQWVSUH.KHQGH1XPPHUDXWRPDWLV.KYRQGHU.XU]ZDKOWDVWHJHO|V.KW $XWRPDWLV.KH$QQDPH 'LHVH)XQNWLRQLVWQXUYHUIJEDUZHQQGDV7HOHIRQDQHLQH)UHLVSUH.K DQODJHRGHUDQHLQHQ.RSIK|UHUDQJHV.KORVVHQLVW$QNRPPHQGH$QUX IHZHUGHQDXWRPDWLV.KQD.KXQJHIlKU6HNXQGHQEHDQWZRUWHWRKQH GD‰GDIUHLQH7DVWHJHGU.NWZHUGHQPX‰ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH $XWR)XQNWLR QHQ  :lKOHQ6LH $XWR$QQDKPH  :lKOHQ6LH (LQ RGHU $XV  'U.NHQ6LH (QGH ...
  • Seite 52 6L.KHUKHLWVIXQNWLRQHQ 'XU.KGLHLQGLHVHP$EV.KQLWWEHV.KULHEHQHQ6L.KHUKHLWVIXQNWLRQHQ YHUKLQGHUQ6LHGHQ*HEUDX.K,KUHV7HOHIRQVRKQH,KUH*HQHKPLJXQJ :HQQHUIRUGHUOL.KJHEHQ6LHGHQ&RGHHLQGHUDOV6WHUQ.KHQ DQJH ]HLJWZLUGXQGGU.NHQ6LH 2. %HL)HKOHUQGU.NHQ6LH /|V.KHQ  XQGJHEHQ6LHGDQQGLHNRUUHNWH =DKOHLQ 9HUZHQGHQ6LH&RGHVGLHGHQ1RWUXIQXPPHUQlKQOL.KVLQGZLHRGHUGDPLWGLHVH1XP PHUQQL.KWYHUVHKHQWOL.KDQJHZlKOWZHUGHQ 6&+5(,%(16,(,+5(1&2'($8)81'%(:$+5(16,(,+1$1(,1(06, &+(5(1257$162167(1.g11(16,(%(75b&+7/,&+(181$1(+0 /,&+.(,7(1$86*(6(7=76(,1 7HOHIRQVSHUU.RGH $XV6L.KHUKHLWVJUQGHQZLUGPLWGHP7HOHIRQHLQ7HOHIRQVSHUU.RGHJH OLHIHUW(UYHUKLQGHUWXQJHVWDWWHWHQ=XJULIIDXIGDV7HOHIRQXQGGLH :$3Œ(LQVWHOOXQJHQ 'LH:HUNVHLQVWHOOXQJLVW  (VZLUGHPSIRKOHQGHQ&RGHQHXHLQ ]XVWHOOHQXQGDQHLQHPVL.KHUHQ2UWJHWUHQQWYRP7HOHIRQDXI]XKH EHQ 'HU7HOHIRQVSHUU.RGHLVWDX.KHUIRUGHUOL.KXPGLH$QUXI7LPHU]XU.N ]XVHW]HQ:HQQDNWLYLHUWZLUGGHU&RGHMHGHV0DOYHUODQJWZHQQGDV WHOHIRQHLQJHV.KDOWHQZLUG 8PGHQ7HOHIRQVSHUU.RGH]XlQGHUQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 6L.KHUKHLW  :lKOHQ6LH 7HOHIRQVSHUUH  :lKOHQ6LH &RGHlQGHUQ XQGIROJHQ6LHGHQ$QZHLVXQJHQDXI GHP'LVSOD\ 'U.NHQ6LH 2.
  • Seite 53 &RGHVMHGHV0DOYHUODQJWZHQQGDV7HOHIRQHLQJHV.KDOWHQZLUG:HQQ 6LHGUHL0DOQD.KHLQDQGHUHLQHQIDOV.KHQ3,1&RGHHLQJHEHQZLUG,KUH 6,0.DUWHJHVSHUUWXQG6LHEHQ|WLJHQGHQD.KWVWHOOLJHQ38.&RGHYRQ ,KUHP$QELHWHU VLHKH6HLWH  8PGHQ3,1&RGHHLQRGHUDXV]XV.KDOWHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 6L.KHUKHLW  :HQQGHDNWLYLHUWZLUG 3,1$NWLYLHUXQJ HLQJHEOHQGHW :HQQDNWLYLHUWZLUG 3,1'HDNWLYLHUXQJ XQG 3,1bQGHUXQJ  JH]HLJW 'U.NHQ6LH :lKOHQ XQGIROJHQ6LHGHQ$QZHLVXQJHQ 'U.NHQ6LH 2. ]XU%HVWlWLJXQJ 'LHNXU]H$Q]HLJHYRQ 3,1DNWLYLHUW RGHU 3,1GHDNWLYLHUW  EHVWlWLJW,KUH$NWLRQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ 8PGHQ3,1&RGH]XlQGHUQ 3,1PX‰GDIUDNWLYLHUWZHUGHQ  'U.NHQ6LH...
  • Seite 54 GU.NHQ6LH 2. 6LHZHUGHQGDQQDXIJHIRUGHUWHLQHQQHXHQ3,1 &RGHHLQ]XJHEHQ)ROJHQ6LHGHQ$QZHLVXQJHQXPGHQ3,1&RGH]X U.N]XVWHOOHQ :HQQ6LH0DOQD.KHLQDQGHUGHQIDOV.KHQ38.&RGHHLQJHEHQNDQQ,KUH6,0.DUWHQL.KW PHKUYHUZHQGHWZHUGHQ:HQGHQ6LHVL.KDQ,KUHQ$QELHWHUIUHLQHQHXH.DUWH 38.&RGH 'HU38.LVWHLQVWHOOLJHU&RGHGHUYRQ,KUHP'LHQVWHDQELHWHUPLWJH WHLOWZLUG(UZLUGYHUZHQGHWXPHLQHQ3,1&RGH]XGHEOR.NLHUHQGHU GUHL0DOQD.KHLQDQGHUIDOV.KHLQJHJHEHQZXUGH(LQ38.&RGHNDQQ QL.KWJHlQGHUWZHUGHQ*HEHQ6LHGHQ38.&RGHHLQZHQQ6LHGD]X DXIJHIRUGHUWZHUGHQ6LHZHUGHQGDQQDXIJHIRUGHUWHLQHQQHXHQ3,1 &RGHHLQ]XJHEHQ)ROJHQ6LHGHQ$QZHLVXQJHQXPGHQ3,1&RGH]X U.N]XVWHOOHQ :HQQ6LH0DOQD.KHLQDQGHUHLQHQIDOV.KHQ38.&RGHHLQJHEHQN|QQHQ6LHGLH)XQNWLRQHQ GLHGHQ3,1&RGHHUIRUGHUQQL.KWPHKUEHQXW]HQ:HQGHQ6LHVL.KIUHLQHQHXH.DUWHDQ,KUHQ 'LHQVWDQELHWHU .HQQZRUWIU$QUXIVSHUUH 'DV3D‰ZRUWIU$QUXIVSHUUHZLUGYHUZHQGHWXP2SWLRQHQIUGLH$Q UXIVSHUUH]XZlKOHQDXIGLH6LHXQWHU *60'LHQVWH LP0HQ $QUXI VSHUUH ]XJUHLIHQ VLHKH6HLWH 6LHHUKDOWHQGDV3D‰ZRUWYRQ,KUHP $QELHWHU 8PGDV3D‰ZRUW]XlQGHUQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH $QUXIVSHUUH  :lKOHQ6LH 3DVVZRUWlQGHUQ XQGIROJHQ6LHGHQ$QZHLVXQJHQ 'U.NHQ6LH 2.
  • Seite 55 (LQVWHOOHQYRQ8KU]HLWXQG'DWXP 8PHQWZHGHUGLHDNWXHOOH8KU]HLWXQGRGHUGDV'DWXPHLQ]XVWHOOHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 7HOHIRQHLQVWHOOXQJHQ :lKOHQ6LH 8KU]HLWXQG 'DWXP  :lKOHQ6LH =HLWHLQVWHOOHQ RGHU 'DWXPHLQVWHOOHQ  *HEHQ6LHGLH8KU]HLW LP6WXQGHQ)RUPDW RGHUGDV'DWXPLQ GHUJH]HLJWHQ)RUPHLQ 9HUZHQGHQ6LHZHQQHUIRUGHUOL.K XQG 'U.NHQ6LH 2. ]XU%HVWlWLJXQJ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ (LQH)HKOHUPHOGXQJZLUGDQJH]HLJWZHQQ6LHHLQHIDOV.KH(LQJDEHPD.KHQ 'LH8KU]HLWXQGGDV'DWXPZHUGHQLPPHUDQJH]HLJWZHQQGDV7HOHIRQHLQJHV.KDOWHQLVW'DV -DKUZLUGQL.KWDQJH]HLJW 'DV7HOHIRQLVWPLWHLQHULQWHUQHQ%DWWHULHYHUVHKHQGXU.KGLHGLH(LQVWHOOXQJYRQ8KU]HLWXQG 'DWXPGUHL6WXQGHQJHVSHL.KHUWZLUGZHQQGDV7HOHIRQDXVJHV.KDOWHWQL.KWDQHLQHQ$NNXRGHU DQHLQHQYROOVWlQGLJOHHUHQ$NNXDQJHV.KORVVHQLVW1D.KGLHVHU'DXHUYRQGUHL6WXQGHQNDQQHV HUIRUGHUOL.KVHLQGLH8KU]HLWQHXHLQ]XVWHOOHQZHQQ6LHGDV7HOHIRQZLHGHUHLQV.KDOWHQ 9RUHLQVWHOOXQJHQ :HUNVHLQVWHOOXQJHQ 9HUZHQGHQ6LHGDV0HQ (LQVWHOOXQJHQ XPGLH7HOHIRQHLQVWHOOXQJHQ DXIGLH:HUNVHLQVWHOOXQJHQ]XU.N]XVHW]HQ'LHVKDWNHLQH$XVZLUNXQ JHQDXI7HOHIRQEX.KHLQWUlJHRGHUGHQ6SHUU.RGH 'U.NHQ6LH...
  • Seite 56 0DLOER[ ,KUHU1HW]EHWUHLEHUELHWHWP|JOL.KHUZHLVHHLQHQ0DLOER['LHQVWDQGHUZLH HLQ$QUXIEHDQWZRUWHUIXQNWLRQLHUW:HQGHQ6LHVL.KIU(LQ]HOKHLWHQDQ,K UHQ1HW]EHWUHLEHU (LQH1XPPHUIUGDV0DLOER[]HQWUXPVSHL.KHUQ :HQQ,KUH6,0QL.KWDXWRPDWLV.KGLH1XPPHUGHV0DLOER[HQWUXPV HQWKlOWPX‰GLHVHPDQXHOOHLQJHJHEHQZHUGHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 0DLOER[  :lKOHQ6LH 1XPPHU :HQQ6LHGD]XDXIJHIRUGHUWZHUGHQ JHEHQ6LHGGLH1XPPHUPDQXHOORGHUYRQHLQHP6SHL.KHUDXV HLQ 'U.NHQ6LH 2. XP,KUH(LQJDEH]XEHVWlWLJHQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ :HQQ6LHHLQ$ERQQHPHQWIU /HLWXQJ KDEHQPVVHQ6LHGLHHQWVSUH.KHQGH1XPPHUGHV 0DLOER[]HQWUXPVJHWUHQQWIUGLHVH/HLWXQJVSHL.KHUQ 'LH1XPPHUGHV0DLOER[]HQWUXPVZLUGDXWRPDWLV.KGHU.XU]ZDKO]XJHRUGQHW VLHKH.XU]ZDKO DXI6HLWH  'DV:DUQVLJQDOIUGLH0DLOER[HLQDXVV.KDOWHQ :HQQ6LHEHL(UKDOWHLQHU1D.KUL.KWGXU.KHLQ6LJQDOLQIRUPLHUWZHUGHQ P|.KWHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 0DLOER[  :lKOHQ6LH $ODUP :lKOHQ6LH (LQ RGHU $XV  'U.NHQ6LH (QGH  RGHU...
  • Seite 57 *60'LHQVWH (LQJHKHQGH$QUXIHXPOHLWHQ 1HW]GLHQVW 'LH$QUXIXPOHLWXQJLVWHLQ1HW]PHUNPDOGDVQD.K$NWLYLHUXQJ 6SUD.K)D[RGHU'DWHQDQUXIHDQHLQHDQGHUH1XPPHUXPOHLWHW =XP$NWLYLHUHQGHU$QUXIXPOHLWXQJ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH $QUXIZHLWHUOHLWXQJ IU GDVIROJHQGH0HQ 8POHLWXQJV $NWLRQ RSWLRQHQ $OOHHLQJHKHQGHQ$QUXIHZHUGHQXPJHOHLWHW RKQH ,PPHU %HGLQJXQJ /HLWHW$QUXIHXPZHQQGDV7HOHIRQQL.KWHUUHL.KW :HQQQL.KW HUUHL.KEDU ZHUGHQNDQQ DXVVHU%HWULHE /HLWHWDOOH6SUD.KDQUXIHXPZHQQGDV7HOHIRQQL.KW :HQQNHLQH DQWZRUWHW $QQDKPH /HLWHW$QUXIHXPZHQQGDV0RELOWHOHIRQEHVHW]WLVW :HQQEHVHW]W /HLWHWDOOH6SUD.KDQUXIHXPZHQQ1L.KW(UUHL.KEDU $OOH=XVWlQGH .HLQH$QWZRUWXQG%HVHW]W /|V.KWDOOH%HGLQJXQJHQ $OOHVO|V.KHQ /HLWHWDOOHHLQJHKHQGHQ)D[DQUXIHXP RKQH%HGLQ $OOH)D[$QUXIH JXQJ /HLWHWDOOHHLQJHKHQGHQ'DWHQDQUXIHXP RKQH%H $OOH'DWHQUXIH GLQJXQJ 9HUZHQGHQ6LH...
  • Seite 58 :lKOHQ6LH *60'LHQVWH :lKOHQ6LH $QUXIZHLWHUOHLWXQJ :lKOHQ6LHGLHJHZQV.KWHQ8POHLWXQJVRSWLRQHQXQGGU.NHQ 6LH :lKOHQ6LH $XVV.KDOWHQ RGHU 6WDWXV  ,KUH$XVZDKOZLUGEHVWlWLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ 8PDOOH 0HKUID.K 8POHLWXQJHQDXI]XKHEHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH $QUXIZHLWHUOHLWXQJ :lKOHQ6LH $OOHO|V.KHQ  (LQH%HVWlWLJXQJZLUGDQJH]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ 'XU.KGLHVH$NWLRQZHUGHQDOOH6SUD.KXPOHLWXQJHQIUGLHDNWXHOOYHUZHQGHWH/HLWXQJJHO|V.KW IU6SUD.KH)D[XQG'DWHQDQUXIH :HQQ6LH$QUXIXPOHLWXQJHQIUGLHDQGHUH/HLWXQJO|V.KHQ ZROOHQPVVHQVLHGLHVH]XHUVWHDXVZlKOHQ PHQX&DOOV 7LPHV/LQHVHOH.WLRQ  &DOOHU/LQH,GHQWLW\$Q]HLJHQ9HUEHUJHQ,KUHU0RELOWHOHIRQ QXPPHU 'LHPHLVWHQ1HW]HXQWHUVWW]HQGLH&DOOHU/LQH,GHQWLW\)XQNWLRQ &/, ...
  • Seite 59 6WDQGDUG1HW]HLQVWHOOXQJ 8PGLH6WDQGDUG1HW]HLQVWHOOXQJIUGLHhEHUPLWWOXQJ,KUHU0RELOIXQN ,'ZLHGHUKHU]XVWHOOHQ 'U.NHQ6LH :lKOHQ6LH *60'LHQVWH  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH (LJHQH1UVHQGHQ  :lKOHQ6LH (LJHQH  :lKOHQ6LH 9RUHLQVWHOOXQJHQ 'DV7HOHIRQZLUGDXIGLHPLW ,KUHP'LHQVWHDQELHWHUYHUHLQEDUWHQ(LQVWHOOXQJHQ]XU.NJHVHW]W 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ ,KUHHLJHQH1XPPHUYHUEHUJHQRGHUDQ]HLJHQ 'U.NHQ6LH :lKOHQ6LH *60'LHQVWH  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH (LJHQH1UVHQGHQ  :lKOHQ6LH (LJHQH  :lKOHQ6LH 0HLQH,'YHUEHUJHQ RGHU 0HLQH,'DQ]HLJHQ  'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH...
  • Seite 60 :lKOHQ6LH 9RU]XJVOLVWH (LQH/LVWHYRQ1HW]HQZLUGDQJH]HLJW 9HUZHQGHQ6LH RGHU XPGLH/LVWHHLQ]XVHKHQ 'U.NHQ6LH 2SW XPGLH/LVWH]XlQGHUQ)ROJHQGH0HQ SXQNWHZHUGHQDQJH]HLJW 2SWLRQ %HV.KUHLEXQJ =HLJWHLQH/LVWHLP7HOHIRQJHVSHL.KHUWHUYRUSURJUDP 'XU.K/LVWH PLHUWHU1HW]HLQDOSKDEHWLV.KHU5HLKHQIROJHDQ lQGHUQ 'XU.K&RGH %HDUEHLWXQJ(LQJDEHGHU1HW]QXPPHU 0&&XQG lQGHUQ 01& IDOOV,KQHQGLHVHEHNDQQWLVW /|V.KHQ /|V.KWHLQHQ(LQWUDJ 'U.NHQ6LH :DKO XP,KUH$XVZDKO]XEHVWlWLJHQ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ ,KUH6,0HQWKlOWJJIHLQH/LVWHXQHUODXEWHU1HW]HGLHQL.KWEHQXW]W ZHUGHQGUIHQ8PGLH/LVWHXQHUODXEWHU1HW]HHLQ]XVHKHQRGHUGDV +HLPDWQHW]DQ]HLJHQ]XODVVHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH 1HW]  :lKOHQ6LHHQWZHGHU 1L.KWHUODXEW RGHU (LJHQHV1HW]  (LQH/LVWHGHUXQHUODXEWHQ1HW]HRGHUGDV+HLPDWQHW]ZLUGDQJH ]HLJW...
  • Seite 61 $XWRPDWLV.KH6X.KHZlKOHQ QRUPDOH6WDQGDUGHLQVWHOOXQJ 8P]XUDXWRPDWLV.KHQ$XVZDKO]XU.N]XNHKUHQZLHIROJWYRUJHKHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH 1HW]  :lKOHQ6LH 6X.KHQ  :lKOHQ6LH $XWRPDWLV.K  'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ $QUXIVSHUUH 1HW]GLHQVW 'LHVLVWHLQ1HW]GLHQVWPLWGHP6LHEHVWLPPWH7\SHQYRQ$QUXIHQGLH EHUGDV7HOHIRQJHWlWLJWE]ZHPSIDQJHQZHUGHQVSHUUHQN|QQHQ 'LHVH)XQNWLRQHUIRUGHUWHLQ1HW]VSHUUSD‰ZRUWGDV,KQHQ,KU1HW]EH WUHLEHUPLWWHLOW 8PHLQH$QUXIVSHUUH]XDNWLYLHUHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH $QUXIVSHUUH  :lKOHQ6LH $EJHKHQGH$QUXIH RGHU (LQJHKHQGH$QUXIH  :lKOHQ6LHDXVIROJHQGHQ2SWLRQHQ :lKOHQ6LH %HGHXWXQJ...
  • Seite 62 9HUZHQGHQ6LH RGHU XPHLQH6SHUUHDXI]XKHEHQ $EEUH .KHQ RGHUGHQ6WDWXV]XEHUSUIHQXQGGU.NHQ6LH %HL$XIKHEXQJHLQHU$QUXIVSHUUHLVWGLH(LQJDEHGHV3D‰ZRUWV HUIRUGHUOL.K 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ =XPbQGHUQGHV3D‰ZRUWV 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH *60'LHQVWH :lKOHQ6LH $QUXIVSHUUH  :lKOHQ6LH 3DVVZRUWlQGHUQ  =XQl.KVWZLUGGDVDOWH3D‰ZRUWDEJHIUDJWGDQQPVVHQ6LHGDV QHXH3D‰ZRUW]ZHLPDOHLQJHEHQ(LQH%HVWlWLJXQJZLUGDQJH ]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ *UXSSHQUXI*%* DXVV.KOLH‰OL.K=XVDW]GLHQVW 'LHVLVWHLQ1HW]GLHQVWPLWGHPGDV7HOHIRQQXU$QUXIHPLWHLQHUDXVJH ZlKOWHQ*UXSSHYRQ%HQXW]HUQIKUHQXQG$QUXIHYRQGLHVHU*UXSSH HQWJHJHQQHKPHQNDQQ'LH*UXSSHQ=XJDQJVOHYHOXQGGHUYRUUDQJL JH$QUXIV]XJDQJZHUGHQEHL9HUWUDJVDEV.KOX‰IHVWJHOHJW'LHVLVWNHLQH (LQ]HOEHQXW]HUIXQNWLRQVRQGHUQGLHQWYRUDOOHP8QWHUQHKPHQGLHJH V.KORVVHQHLQWHUQH*HVSUl.KHIKUHQP|.KWHQ (VN|QQHQELV]X*UXSSHQHLQJHUL.KWHWZHUGHQ)DOOVQL.KWIHVWJH OHJWVLQG$QUXIH]X1XPPHUQDX‰HUKDOEGHU*UXSSHXQG$QUXIHYRQ...
  • Seite 63 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ ·.HLQH*%*·LVWGLH(LQVWHOOXQJIUQRUPDOH1XW]XQJ =HOO,QIR$OOJHPHLQH1D.KUL.KWHQ 606&% 'LHVVLQG1D.KUL.KWHQGLHGLH1HW]HDQDOOH*60%HQXW]HUEHUPLWWHOQXQG GLHDOOJHPHLQH,QIRUPDWLRQHQEHUORNDOH9RUZDKO.RGHV:HWWHUEHUL.KWH XQG9HUNHKUVPLWWHLOXQJHQXVZHQWKDOWHQ-HGHU1D.KUL.KWHQW\SLVWQXPH ULHUWVRGD‰6LHGLH,QIRUPDWLRQHQDXVZlKOHQN|QQHQGLH6LHHUKDOWHQ P|.KWHQ(VN|QQHQELV]XXQWHUV.KLHGOL.KH1D.KUL.KWHQW\SHQLQ,KUH$XV ZDKOOLVWHHLQJHJHEHQZHUGHQHVNDQQMHGR.KQXUMHZHLOVHLQ7\SJOHL.K]HL WLJDQJH]HLJWZHUGHQ ,QGDV7HOHIRQVLQG6WDQGDUG1D.KUL.KWHQW\SHQHLQSURJUDPPLHUWDXV GHQHQ6LHDXVZlKOHQN|QQHQ1HXH1D.KUL.KWHQW\SHQN|QQHQDQKDQGGHU VWHOOLJHQ=HOO,QIR7\SHQQXPPHUHLQSURJUDPPLHUWZHUGHQ)U(LQ]HOKHL WHQ]XGHU$Q]DKOXQGGHQ7\SHQYHUV.KL.NWHU1D.KUL.KWHQZHQGHQ6LHVL.K ELWWHDQ,KUHQ'LHQVWHDQELHWHU %HYRU6LHEHUKDXSWHLQH=HOO,QIR$OOJHPHLQH1D.KUL.KWHUKDOWHQN|QQHQ PVVHQ6LHPLQGHVWHQVHLQHQ1D.KUL.KWHQW\SLQGLH$XVZDKOOLVWHHLQWUDJHQ =XU(LQJDEHHLQHV1D.KUL.KWHQW\SVLQGLH$XVZDKOOLVWH (VN|QQHQELV]X1D.KUL.KWHQW\SHQLQGLH$XVZDKOOLVWHHLQJHWUDJHQ ZHUGHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 1D.KUL.KWHQ'LHQVW  :lKOHQ6LH 0LWWHLOXQJVW\SHQ 'U.NHQ6LH 2SW :lKOHQ6LH 'XU.K/LVWHlQGHUQ  RGHU 'XU.K&RGHlQGHUQ  ZHQQGLH7\SQXPPHUEHNDQQWLVW  *HKHQ6LH]XPJHZQV.KWHQ1D.KUL.KWHQW\S'U.NHQ6LH XP,KUH:DKO]XEHVWlWLJHQ...
  • Seite 64 /HVHQGHUDOOJHPHLQHQ1D.KUL.KWHQ $OOJHPHLQH1D.KUL.KWHQHUV.KHLQHQQXULQGHU%HUHLWV.KDIWVDQ]HLJHXQG ZHUGHQZlKUHQGHLQHV*HVSUl.KVRGHUZlKUHQG$NWLRQHQLP0HQXQ WHUGU.NW(LQH1D.KUL.KWNDQQELV]X=HL.KHQXPIDVVHQXQGVL.K EHUPHKUHUH6HLWHQHUVWUH.NHQ'LH6HLWHQZH.KVHOQDXWRPDWLV.KHWZD DOOHIQI6HNXQGHQRGHUZHQQ6LHDXI GU.NHQ 2SWLRQHQZlKUHQGGHU$Q]HLJHHLQHU1D.KUL.KW 'U.NHQ6LHDXI (QGH  XPGLHJHJHQZlUWLJDQJH]HLJWH$OOJH PHLQH1D.KUL.KW]XO|V.KHQ'U.NHQ6LHDXI XPGLH1XPPHU GLHDP'LVSOD\LQGHU1D.KUL.KWDQJH]HLJWZLUG]XZlKOHQ 'U.NHQ6LH 2SW XPIROJHQGHV0HQ]X|IIQHQ 2SWLRQ $NWLRQ /|V.KHQ /|V.KWGLHDNWXHOOH1D.KUL.KW /|V.KWDOOHLQGHU1D.KUL.KWHQV.KOHLIHVWHKHQ $OOHO|V.KHQ GHQ1D.KUL.KWHQ =HLJWDOOHLP1D.KUL.KWHQWH[WVWHKHQGHQ1XP PHUQXQGHUP|JOL.KWHVGLHVH1XPPHUQEHL 1XPPHUQ %HGDUI]XZlKOHQRGHULQGHQ1RWL]EOR.N]X EHUQHKPHQ =HOO,QIR 6.KDOWHWGHQ=HOO,QIR'LHQVWDXV 6LJQDOWRQHLQXQGDXVV.KDOWHQ )DOOVJHZQV.KWNDQQHLQ6LJQDOWRQHUW|QHQZHQQHLQHQHXHRGHUDN WXDOLVLHUWH$OOJHPHLQH1D.KUL.KWHPSIDQJHQZLUG 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 1D.KUL.KWHQ'LHQVW  :lKOHQ6LH $ODUP  :lKOHQ6LH (LQ RGHU $XV  'U.NHQ6LH (QGH ...
  • Seite 65 1D.KUL.KWHQ'LHQVW6SUD.KH 'LH0LWWHLOXQJHQGHV1D.KUL.KWHQ'LHQVWHVN|QQHQLQPHKUHUHQ6SUD .KHQDQJH]HLJWZHUGHQ 8PGLH6SUD.KH]XZlKOHQ 'U.NHQ6LH :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LH 1D.KUL.KWHQ'LHQVW  :lKOHQ6LH 6SUD.KH  9HUZHQGHQ6LH RGHU XPHLQH6SUD.KHLQGHUDQJH]HLJWHQ /LVWH]]XZlKOHQ'U.NHQ6LH ]XU%HVWlWLJXQJ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ...
  • Seite 66 %HQXW]XQJGHU%URIXQNWLRQHQ 'DV0HQ %UR HQWKlOWHLQHQ1RWL]EOR.NHLQHQ:lKUXQJVXPUH.KQHUXQGHLQH:HN NHUIXQNWLRQ 1RWL]EOR.N 'HU1RWL]EOR.NID‰WELV]X(LQWUlJHPLWMHZHLOVK|.KVWHQV=HL.KHQ 'U.NHQ6LH :lKOHQ6LH %UR  :lKOHQ6LH 1RWL]EOR.N  :lKOHQ6LH /HVHQ 9HUZHQGHQ6LH RGHU XPGXU.KGLH(LQ WUlJH]XEOlWWHUQ :lKOHQ6LH 6.KUHLEHQ XPHLQHQQHXHQ(LQWUDJ]XYHUIDVVHQ 'U.NHQ6LH 2SW ZlKUHQG6LHGLH(LQWUlJHOHVHQXPIROJHQGHV0HQ]X |IIQHQ (LQWUDJ $NWLRQ 8PGLH1XPPHULP7HOHIRQEX.KDE]XVSHL 6SHL.KHUQ .KHUQ bQGHUWHLQHQ(LQWUDJ %HDUEHLWHQ /|V.KHQ /|V.KWHLQHQ(LQWUDJ $OOHV /|V.KWDOOH(LQWUlJH O|V.KHQ $QUXI 5XIWGLHLP(LQWUDJDQJH]HLJWH1XPPHU :lKUXQJVXPUH.KQHU 0LWGLHVHUQW]OL.KHQ)XQNWLRQN|QQHQ:lKUXQJHQXPJHUH.KQHWZHUGHQ...
  • Seite 67 8PGLH8PUH.KQXQJ]ZLV.KHQGHQDXVJHZlKOWHQ:lKUXQJHQYRU]XQHK PHQ 'U.NHQ6LH :lKOHQ6LH %UR  :lKOHQ6LH :lKUXQJVXPUH.KQHU  :lKOHQ6LHHLQHGHUEHLGHQHUVWHQ2SWLRQHQ ,QXQVHUHP%HLVSLHOHQWZHGHU 'ROODU!<HQ RGHU <HQ!'ROODU  *HEHQ6LHGHQXP]XUH.KQHQGHQ%HWUDJHLQ 'U.NHQ6LH XPQ|WLJHQIDOOVHLQ.RPPDHLQ]XJHEHQ 'U.NHQ6LH 2. 'HUXPJHUH.KQHWH%HWUDJZLUGDQJH]HLJW 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ 'LH8PUH.KQXQJYRQHLQHU(XURODQG:lKUXQJLQHLQHDQGUH(XURODQG:lKUXQJRGHUHLQH1L.KW (XURODQG:lKUXQJIROJWQRUPDOHUZHLVHGHQ'UHLVDW]5HJHOQ GK8PUH.KQXQJHLQHU/DQGHVZlK UXQJLQ(XURGDQQ8PUH.KQXQJYRQ(XURLQGLHDQGHUH/DQGHVZlKUXQJ ,KU:lKUXQJVXPUH.KQHU ELHWHWGLHVH)XQNWLRQQL.KWDQVRGD‰GDV(UJHEQLVGDV6LHHUKDOWHQQXUHLQ1lKHUXQJVZHUWLVW :H.NHUIXQNWLRQ 0LWGLHVHP0HUNPDOHNDQQGHU%HQXW]HUHLQHWlJOL.KH(LQV.KDOW=HLWRGHU HLQ+LQZHLVVLJQDOHLQVWHOOHQ (LQVWHOOHQGHU8KU]HLWXQG$NWLYLHUHQGHV$ODUPV 'U.NHQ6LH :lKOHQ6LH %UR  :lKOHQ6LH :H.NHUIXQNWLRQ  )DOOVEHUHLWVHLQH:H.N]HLWHLQJH JHEHQZXUGHZLUGGLHVH8KU]HLWDQJH]HLJW  :lKOHQ6LH (LQ XQGJHEHQ6LHGLH:H.N]HLW LP6WXQGHQ)RU PDW RGHUGU.NHQ6LH 2.
  • Seite 68 =XU9HUZHQGXQJDOV7HUPLQHULQQHUXQJRGHUDOV:H.NHU 'U.NHQ6LH 7RQDXV  RGHUHLQHEHOLHELJHDQGHUH7DVWH DXVVHU %H VWlW  XPGHQ$ODUP]XVWRSSHQ'DV$ODUPV\PEROEOHLEWLP'LV SOD\XQGGHU$ODUPHUW|QW0LQXWHQVSlWHUHUQHXWRGHU 'U.NHQ6LH %HVWlW  XPGHQ$ODUP]XEHVWlWLJHQXQGDXV]XV.KDO WHQ 6ROOGDV7HOHIRQVL.KYRUGHU$ODUP]HLWDXVV.KDOWHQEOHLEWHVHLQJHV.KDOWHW ,VWGDV7HOHIRQJHVSHUUWRGHULVWGLH3,1(LQVWHOOXQJDNWLYEOHLEWGLHVHU=X VWDQGDXIUH.KWHUKDOWHQELVGHU%HQXW]HUHVEHWlWLJW :LUGGHU$ODUPQL.KWEHVWlWLJWEOHLEHQGLH$ODUPDQ]HLJHQIUELV]X0L QXWHQLP'LVSOD\'DQQV.KDOWHWVL.KGDV7HOHIRQHQWZHGHUDXVRGHUJHKW ZHQQHV]XU$ODUP]HLWDNWLYZDULQGLHQRUPDOH%HUHLWV.KDIWVDQ]HLJH  %LV]XU%HVWlWLJXQJNOLQJHOWGHU$ODUP0LQXWHODQJ'XU.K'U.NHQHLQHUEHOLHELJHQ7DVWH DX‰HUGHU%HVWlW7DVWH ZLUGGHU$ODUPWRQJHVWRSSWGHU$ODUPZLUGMHGR.KQL.KWGHDNWLYLHUW VRQGHUQHUW|QW0LQXWHQVSlWHUHUQHXW)DOOVGLH%HVWlW7DVWHQD.KGHPGULWWHQ$ODUPWRQQL.KW JHGU.NWZLUGZLUGGHU$ODUPQL.KWZLHGHUKROWDEHUGDV7HOHIRQEOHLEWLVPLQXWHQODQJLP $ODUP'LVSOD\PRGXVHLQJHV.KDOWHW  )DOOV]XP=HLWSXQNWHLQHV$ODUPVJHUDGHHLQ*HVSUl.KJHIKUWZLUGRGHUGDV7HOHIRQVL.KLQ HLQHPYRUEHUJHKHQGHQ6WDWXVEHILQGHW ]XP%HLVSLHODXVJHV.KDOWHW ZLUGGHU$ODUPYHUV.KREHQ ELVGDV*HVSUl.KEHHQGHWLVWRGHUGHUYRUEHUJHKHQGH=XVWDQGYRUEHLLVW  )DOOVGLH$ODUP]HLWZlKUHQGHLQHV*HVSUl.KVHUUHL.KWZLUGHUW|QWDOOH0LQXWHQHLQEHVRQGHUHU $QUXI$ODUP'HU$ODUPNDQQZLHJHZRKQWEHVWlWLJWZHUGHQ  )DOOVGLH$ODUP]HLWZlKUHQGHLQHU6HWXS6HTXHQ]IUDXVJHKHQGHRGHUHLQJHKHQGH$QUXIH HUUHL.KWZLUGZLUGGHU$ODUPDXIJHV.KREHQELVGLH9HUELQGXQJKHUJHVWHOOWLVW  'DQQYHUKlOWVL.KGDV+DQG\ZLHYRUVWHKHQGXQWHUEHV.KULHEHQ)DOOVGLH%DWWHULHYRUGHU $ODUP]HLWDEJHWUHQQWZLUGSDVVLHUWQL.KWVDEHUGDV$ODUPHUHLJQLVZLUGJHVSHL.KHUW0HKUDOV 6WXQGHGDQD.KHUV.KHLQHQQXUGLHYLVXHOOHQ$Q]HLJHQ 'U.NHQ6LHGLH%HVWlW7DVWHXPGHQ$ODUP]XEHVWlWLJHQXQGDXV]XV.KDO WHQ...
  • Seite 69 6SLHOH 9HUIJEDUNHLWXQG$XVVHKHQGHULP)ROJHQGHQEHV.KULHEHQHQ6SLHOHKlQJHQYRQ GHQ/HLVWXQJHQDEGLH,KU1HW]EHWUHLEHUELHWHW 'DV7HOHIRQXPID‰W]ZHL6SLHOH 5HVKDSH XQG 3XVK  $QZHLVXQJHQIUGLHVH6SLHOHHUV.KHLQHQZHQQGDVMHZHLOLJH6SLHODXVJHZlKOWZLUG 'HU 2SWLRQHQ %HIHKOLP0HQHUP|JOL.KWGLH$XVZDKOGHU6RXQG(IIHNWH0XVLN HOHNWURQLV.KH6RXQG(IIHNWHRGHUNHLQ6RXQG 8PHLQ6SLHODXV]XZlKOHQ 'U.NHQ6LH :lKOHQ6LH 6SLHOH  :lKOHQ6LHGDVJHZQV.KWH6SLHOXQGGU.NHQ6LH :lKOHQ RGHU :lKOHQ6LH +LOIH XP$QZHLVXQJHQIUGDV6SLHOXQGGHVVHQ %HGLHQXQJ]XHUKDOWHQ :lKOHQ6LH &RGH XPGDV6SLHOPLW,KUHP6.KZLHULJNHLWVJUDG]X VSLHOHQ :lKOHQ6LH 6SLHOHQ XPGDV6SLHO]XEHJLQQHQ 5HVKDSH XQG 3XVK ZHLVHQYHUV.KLHGHQH6.KZLHULJNHLWVJUDGHDXI:HQQ HLQ/HYHOLQGHUYRUJHJHEHQHQ=HLWHUIROJUHL.KDEJHV.KORVVHQZXUGHJHODQ JHQ6LH]XPQl.KVWHQ/HYHO 1D.KGHP6LHHUIROJUHL.K ; /HYHODEVROYLHUWKDEHQHUKDOWHQ6LHHLQHQ&RGH GHUHV,KQHQHUODXEWGDV6SLHOVSlWHUEHLGHP]XYRUHUUHL.KWHQ6.KZLHULJ NHLWVJUDGIRUW]XVHW]HQ 'HU3XQNWHVWDQGNDQQHEHQIDOOVQHEHQGHP1DPHQGHV6SLHOHUVDEJHVSHL .KHUWZHUGHQ...
  • Seite 70 ,QWHUQHW%URZVHU 'DV0DUVXQG1HSWXQHYHUIJHQEHUHLQHQ,QWHUQHW%URZVHUPLWGHP6LHDXI'LHQ VWHZLH1D.KUL.KWHQ6SRUW:HWWHU793URJUDPPHXVZGLHYRQ,KUHP1HW]EHWUHL EHUXQGRGHUGHP,QWHUQHW3URYLGHUYLD,QWHUQHWEHUHLWJHVWHOOWZHUGHQ]XJUHLIHQ 'LHDQJHERWHQHQ'LHQVWHKlQJHQYRP,QWHUQHW3URYLGHUGHVMHZHLOLJHQ 'LHQVWHVRGHUYRQ,KUHP1HW]EHWUHLEHUDE 8PDQKDQG,KUHV7HOHIRQVDXIGLHVH'LHQVWH]XJUHLIHQ]XN|QQHQEHQ|WLJHQ6LHHLQ '$7(1$ERQQHPHQW 3UIHQ6LHHEHQIDOOVPLW,KUHP1HW]EHWUHLEHUREGLH9HUELQGXQJVHLQVWHOOXQJHQYRU /LHIHUXQJLQGDV7HOHIRQHLQSURJUDPPLHUWZXUGHQRGHURE6LHVLHPDQXHOOHLQJHEHQ XQGDEVSHL.KHUQPVVHQ $XIMHGHQ)DOON|QQHQ6LHGLHVH)XQNWLRQZLHQD.KVWHKHQGEHV.KULHEHQYHUZHQGHQ VREDOGGLHVH(LQVWHOOXQJHQDEJHVSHL.KHUWZRUGHQVLQG 'HU=XJULIIDXIGLH9HUELQGXQJVHLQVWHOOXQJHQNDQQGDYRQDEKlQJHQREGLHVH(LQVWHOOXQJHQYRU GHU$XVOLHIHUXQJDE:HUNLQGDV7HOHIRQHLQSURJUDPPLHUWZXUGHQ,QPDQ.KHQ)lOOHQVLQGGLHVH (LQVWHOOXQJHQJHVSHUUWXP)HKOHU]XYHUPHLGHQXQGN|QQHQQL.KWYRP%HQXW]HUSURJUDPPLHUW ZHUGHQ 6SHL.KHUQ%HDUEHLWHQGHU9HUELQGXQJVHLQVWHOOXQJHQ GLH6LHYRP1HW]EHWUHLEHUHUKDOWHQ %HYRU6LHZHLWHUPD.KHQXQGIDOOV6LHGLHVQL.KWEHUHLWVJHWDQ KDEHQJHEHQ6LHELWWHGLHDNWXHOOH8KU]HLWXQGGDV'DWXPHLQ ZLHDXI6HLWHEHV.KULHEHQ 'LH3URILOOLVWHNDQQELH]X]ZHL3URILOHHQWKDOWHQ 8PGLH333XQG3UR[\$QJDEHQHLQ]XJHEHQXQG]XVSHL.KHUQ 'U.NHQ6LH :lKOHQ6LH ,QWHUQHW  :lKOHQ6LH (LQVWHOOXQJHQ  :lKOHQ6LHHLQOHHUHV3URILO XQGGU.NHQ6LH >@ 2SWLRQHQ :lKOHQ6LH %HDUEHLWHQ  *HEHQ6LHGHQVWHOOLJHQ6SHUU.RGHHLQ VWDQGDUGPl‰LJ   XQGGU.NHQ6LH 2.
  • Seite 71 GU.NHQ6LH 2. (LQH%HVWlWLJXQJZLUGDQJH]HLJW 8PGDVHUIRUGHUOL.KH3URILO]XDNWLYLHUHQYHUZHQGHQ6LH RGHU XPHVYRQGHUDQJH]HLJWHQ/LVWH]XZlKOHQ'U.NHQ6LH ]XU%HVWlWLJXQJ 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ  6LHN|QQHQHEHQIDOOVGLUHNWDXIGDV,QWHUQHW0HQ]XJUHLIHQLQGHP6LHGLHGLH,QWHUQHW7DVWH LQGHU%HUHLWV.KDIWVDQ]HLJHGU.NHQ LQVRIHUQ6LHGLHOLQNH)XQNWLRQVWDVWHQL.KWDQGHUVEHOHJW KDEHQ   )DOOV333=XJDQJVWHOHIRQQXPPHU/RJLQ1DPHXQGNHQQZRUW+RPHSDJH85/XQG,3 $GUHVVHQL.KWLPYRUDXVGHILQLHUWVLQGN|QQHQ6LHGLHVH$QJDEHQYRQ,KUHP1HW]EHWUHLEHUXQG RGHU,QWHUQHW3URYLGHUHUKDOWHQ  :HQQ6LHHUQHXW333=XJDQJRGHU3UR[\ZlKOHQN|QQHQ6LHGLH(LQVWHOOXQJHQlQGHUQ $QSDVVHQ,KUHU9HUELQGXQJVHLQVWHOOXQJHQ )ROJHQGHEHQXW]HUGHILQLHUWH(LQVWHOOXQJHQHUP|JOL.KHQHLQH2SWLPLHUXQJ GHV9HUKDOWHQVGHV7HOHIRQVZHQQHVPLWGHP,QWHUQHWYHUEXQGHQLVW 'U.NHQ6LH :lKOHQ6LH ,QWHUQHW  :lKOHQ6LH (LQVWHOOXQJHQ  *HKHQ6LH]XGHQIROJHQGHQ3XQNWHQXQGV.KDOWHQ6LHGLH(LQVWHO OXQJHQQD.K%HGDUIHLQRGHUDXV 2SWLRQ $NWLRQ :lKUHQGHLQHU,QWHUQHW6HVVLRQZHUGHQEH VWLPPWH,QIRUPDWLRQHQXQG'LHQVWHDXIGLH6LH ]XJHJULIIHQKDEHQLQHLQHPEHVWLPPWHQ6SHL &D.KHO|V.KHQ .KHUEHUHL.KGHQPDQDOV&D.KHEH]HL.KQHW JHVSHL.KHUW8PGLHVHQ6SHL.KHUEHUHL.K]XO|...
  • Seite 72 2QOLQHXQGLQ1HW]JHKHQ 8PGLHYRQ,KUHP1HW]EHWUHLEHUDQJHERWHQHQ2QOLQH'LHQVWH]XQXW]HQ 'U.NHQ6LH :lKOHQ6LH ,QWHUQHW  :lKOHQ6LH 6WDUWHQ  9HUELQGXQJPLW JHIROJWYRQ,KUHP3UR[\QDPHQHUV.KHLQWZlK UHQGGLH9HUELQGXQJDXIJHEDXWZLUG'DQQHUV.KHLQW :LUG  EHUWUDJHQ  6LHN|QQHQHEHQIDOOVGLUHNWDXIGDV,QWHUQHW0HQ]XJUHLIHQLQGHP6LHGLHGLH,QWHUQHW7DVWHLQ GHU%HUHLWV.KDIWVDQ]HLJHGU.NHQ LQVRIHUQ6LHGHQOLQNHQ6RIWNH\QL.KWDQGHUVEHOHJWKDEHQ  6REDOG6LHYHUEXQGHQVLQGZHUGHQ,KQHQGLH,QWHUQHWXQG%HGLHQHU0HQ RSWLRQHQDQJH]HLJW'DV6\PERO XQWHQLP'LVSOD\]HLJWHLQHEHVWHKHQGH 9HUELQGXQJDQ :lKUHQGGHU9HUELQGXQJN|QQHQ6LHGLH6L.KHUKHLWEHU´6L.KHUKHLWHLQµDN WLYLHUHQ VLHKH6HLWH 'LHVEHHQGHWGLDNWXHOOHQL.KWJHVL.KHUWH6HVVLRQ XQGHUP|JOL.KWHVGLHORNDOH9HUELQGXQJ EHUGLH.DUWHQLP&D.KH DXI UH.K]XHUKDOWHQ:HQQHUQHXWHLQH1HW]ZHUYHUELQGXQJHUIRUGHUOL.KLVWZLUG HLQHJHVL.KHUWH9HUELQGXQJPLWGHQVHOEHQ(LQVWHOOXQJHQJHIRUGHUW0|JOL .KHUZHLVHIXQNWLRQLHUWGLHVDXIJUXQGGHU)OXVK3DUDPHWHUGHV6HUYHUVQL.KW JXW,QGHP)DOONDQQHVQ|WLJVHLQGLH9HUELQGXQJQHX]XVWDUWHQ:HQQ HLQHJHVL.KHUWH9HUELQGXQJDXIJHEDXWLVWHUV.KHLQWGDV6\PERO XQWHQ LP'LVSOD\XQG]HLJWGLH /LYH 9HUELQGXQJLPJHVL.KHUWHQ0RGXVDQ 9HUZHQGHQ6LH XQGRGHUGLH)XQNWLRQVWDVWHQXPLP0HQYRUXQG ]XU.N]XJHKHQVRZRKOXP$XVZDKOHQ]XWUHIIHQDOVDX.KXPGDVPHQ GXU.K]XEOlWWHUQ9HUZHQGHQ6LHGLHOLQNHXQGUH.KWH)XQNWLRQVWDVWHZHQQ JHZlKOWH(OHPHQWLP0HQKHUYRUJHKREHQVLQG 9HUZHQGXQJYRQ %HL2QOLQH :HQQNHLQH 2SWLRQHQ YRUKDQGHQZLUGGXU.K'U.NHQDXI%HL2QOLQH ZlKUHQGHLQHU2QOLQH9HUELQGXQJIROJHQGHV0HQHLQJHEOHQGHW (LQWUDJ...
  • Seite 73 %HHQGHQGHU2QOLQH9HUELQGXQJ 8PGLH,QWHUQHW9HUELQGXQJ]XEHHQGHQ 'U.NHQ6LH 6LHN|QQHQHEHQIDOOVGHQ(LQWUDJ6LW]XQJV.KOLHVVHQLP2SWLRQHQ0HQZlKOHQ $QOHJHQYRQ/HVH]HL.KHQ %RRNPDUNV %HVWLPPWH'LHQVWHP|.KWHQ6LHJJIKlXILJHUDXIVX.KHQXQGNRQVXOWLHUHQ DOVDQGHUH/HVH]HL.KHQ %RRNPDUNV N|QQHQJHVSHL.KHUW ZHUGHQGLHGDQQ HLQHGLUHNWH9HUELQGXQJ]XP,QWHUQHWELHWHQ6LHN|QQHQQXUYHUZHQGHW ZHUGHQZHQQ6LHEHUGLHDNWXHOOHQ9HUELQGXQJVHLQVWHOOXQJHQ,KUHV1HW] EHWUHLEHUVXQGRGHU,QWHUQHW3URYLGHUVYHUIJEDUVLQG (VJLEW]ZHL0HWKRGHQELV]X/HVH]HL.KHQKLQ]X]XIJHQ ‡ 'LUHNWYRQGHU%HUHLWV.KDIWVDQ]HLJHDXV 'U.NHQ6LH :lKOHQ6LH ,QWHUQHW  :lKOHQ6LH /HVH]HL.KHQ  'U.NHQ6LH 2SW ZlKOHQ6LH bQGHUQ XQGJHEHQ6LH)ROJHQ GHVHLQ 2SWLRQ $NWLRQ 1DPHGHQ6LHIUGDV/HVH]HL.KHQYHUJHEHQ /HVH]HL.KHQ 1DPH P|.KWHQ *HKH]X +RPHSDJH$GUHVVH IDOOVEHNDQQW  'U.NHQ6LH 2. 'U.NHQ6LH (QGH  RGHU XP]XU%HUHLWV.KDIWVDQ]HLJH ]XU.N]XNHKUHQ...
  • Seite 74 :lKOHQ6LH *HKH]X« :lKOHQ6LHGDVJHZQV.KWH/HVH]HL.KHQ $QGHUH6LWH 9HUZHQGHQ6LHGLHVH2SWLRQLP ,QWHUQHW 0HQXPHLQHEHNDQQWH,QWHU QHW$GUHVVHHLQ]XJHEHQXQGGLUHNWYRP(LQZlKOYRUJDQJ]XGLHVHU6LWH]X JHODQJHQ$QGHUVDOVEHLGHU/HVH]HL.KHQ)XQNWLRQZHUGHQGLH$GUHVVHQ QL.KWJHVSHL.KHUWXQGPVVHQMHGHVPDOZHQQGLHVH)XQNWLRQJHQXW]WZLUG HLQJHJHEHQZHUGHQ &RGHVGHU*600HQV.K0DV.KLQH6.KQLWWVWHOOHQ 'DV7HOHIRQXQWHUVWW]WGLH*606WDQGDUGWDVWHQVHTXHQ]HQPLWGLUHNWHU hEHUWUDJXQJYRQ XQGYRP7DVWHQIHOGDQGDV1HW]'LHVH7DVWHQZHU GHQYHUZHQGHWXPDOOHHUJlQ]HQGHQ'LHQVWH,KUHV1HW]HV]XDNWLYLHUHQ (LQHYROOVWlQGLJH/LVWHHUKDOWHQ6LHYRQ,KUHP1HW]EHWUHLEHU...
  • Seite 75 =XEHK|U 9HUZHQGXQJGHV+HDGVHWV $QV.KOLH‰HQGHV+HDGVHWV 6WH.NHQ6LHGHQ6WH.NHUGHV+HDGVHWVZLHXQWHQJH]HLJWLQGHQ+HDGVHW $QV.KOX‰DP7HOHIRQ :HQQ6LHGHQ6WH.NHULQGHQ1HW]DQV.KOX‰GHV7HOHIRQVHLQVWH.NHQPX‰GDV7ULXP/RJR QD.K REHQZHLVHQ$QGHUIDOOVIXQNWLRQLHUWGDV+HDGVHWQL.KWNRUUHNW 9HUZHQGXQJGHV+HDGVHWV 6WH.NHQ6LHGHQ/DXWVSUH.KHU GHV+HDGVHWVLQ,KU2KU 'DV0LNURIRQGHV+HDGVHWV /DXWVSUH.KHU EHILQGHWVL.KGDQQLQEHTXH PHU6SUH.KK|KH 0LNURIRQ 6LHN|QQHQGXU.K'U.NHQ YRQ RGHU HLQHQ$QUXI HQWJHJHQQHKPHQDEZHLVHQ XQGEHHQGHQ VLHKH6HLWH  'LH/DXWVSUH.KHUODXWVWlUNH VWHOOHQ6LHPLW RGHU HLQ $EQHKPHQGHV+HDGVHWV 1HKPHQ6LHGHQ+HDGVHWVWH.NHUZLHJH]HLJWQD.KXQWHQYRP$QV.KOX‰...
  • Seite 76 $XVZH.KVHOQGHU)URQWEOHQGH QXUIU0DUV %HYRU6LHGLH)URQWEOHQGHDXVZH.KVHOQPVVHQ6LHVWHWVGDV7HOHIRQDXVV.KDOWHQ XQGJJIYRP/DGHJHUlWRGHU)DKU]HXJ.LWWUHQQHQ $EQHKPHQGHU)URQWEOHQGH 6WH.NHQ6LHHLQHQNOHLQHQVWXPSIHQ*HJHQVWDQG]%HLQH%UR NODPPHULQGHQ6.KOLW]XQGKHEHQ6LHHLQ(QGHGHU)URQWEOHQGH YRUVL.KWLJDQ +DOWHQ6LHGDVDQJHKREHQH(QGHGHU)URQWEOHQGHDQKHEHQ6LH VLHOHL.KWQD.KREHQXQG]LHKHQ6LHVLHGDQQYRUVL.KWLJQD.K XQWHQ'LH)URQWEOHQGHO|VWVL.KGDPLWYRP7HOHIRQ 6.KOLW] $XIVHW]HQGHU)URQWEOHQGH 6HW]HQ6LHGLH+DNHQGHU)URQWEOHQGHREHQDP7HOHIRQLQGLH 6.KOLW]HHLQ 'U.NHQ6LHGLH)URQWEOHQGHQD.KXQWHQELVVLHHLQUDVWHWXQG IHVWVLW]W +DNHQ &OLSV +DNHQV.KOLW]H :HQGHQ6LHEHLP$XVZH.KVHOQGHU)URQWEOHQGHNHLQHXQQ|WLJH*HZDOWDQ$.KWHQ6LHGDUDXIGD‰GLH )URQWEOHQGHQL.KW]XVWDUNJHERJHQZLUG:H.KVHOQ6LHGLH)URQWEOHQGHQL.KW]XKlXILJDXVGDVRQVWGLH +DNHQXQG&OLSVHUPGHQ6HW]HQ6LHGDV7HOHIRQQL.KWGHPGLUHNWHQ6RQQHQOL.KWDXV/DVVHQ6LHGLH )URQWEOHQGHLPPHUDXIGHP7HOHIRQZHQQ6LHHVJHEUDX.KHQ5HLQLJHQ6LHGDV7HOHIRQXQGRGHUGLH )URQWEOHQGHQL.KWPLW$ONRKRORGHUVWDUNHQ&KHPLNDOLHQRGHU/|VXQJVPLWWHOQ(VGDUIQXUPLWHLQHPZHL .KHQOHL.KWDQJHIHX.KWHWHQ7X.KJHUHLQLJWZHUGHQ/HVHQ6LHELWWHGLH3IOHJHXQG:DUWXQJ$QZHLVXQ JHQDXI6HLWH...
  • Seite 77 $XVZH.KVHOQGHV%RG\6KDSH QXUIU0DUV $QEULQJHQGHV%RG\6KDSH 6WH.NHQ6LHGDVXQWHUH(QGHGHV7HOHIRQVZLHJH]HLJWLQGHQ%RG\ 6KDSH =LHKHQ6LHGHQ%RG\6KDSHJDQ]EHUGHQREHUHQ7HLOGHV7HOH IRQV9HUJHZLVVHUQ6LHVL.KGD‰HUUL.KWLJVLW]W $EQHKPHQGHV%RG\6KDSH =LHKHQ6LHGHQ%RG\6KDSHYRPREHUHQ7HLOGHV7HOHIRQVKHUXQWHU 'HU%RG\6KDSHNDQQQXQDEJHQRPPHQZHUGHQ...
  • Seite 78 $XVZH.KVHOQGHU.ODSSH QXUIU1HSWXQH $EQHKPHQGHU.ODSSH gIIQHQ6LHGLH.ODSSH 'UHKHQ6LHGLH.ODSSHOHL.KWQD.KOLQNVRGHUUH.KWVXPHLQHVGHU 6.KDUQLHUH]XO|VHQ 1HKPHQ6LHGLH.ODSSHQXQDXVGHPDQGHUHQ6.KDUQLHUKHUDXV $XIVHW]HQGHU.ODSSH 6HW]HQ6LHGLH.ODSSHZLHXQWHQJH]HLJWLQHLQHVGHU6.KDUQLHUHHLQ 'UHKHQ6LHGLH.ODSSHOHL.KWXPVLHLQGDVDQGHUH6.KDUQLHUHLQ]X VHW]HQ9HUJHZLVVHUQ6LHVL.KGD‰GLH.ODSSHUL.KWLJHLQJHVHW]WLVW 6.KOLH‰HQ6LHGLH.ODSSH...
  • Seite 79 $QKDQJ *ORVVDU $XVGUX.N %HGHXWLQJ $&'&/DGHJHUlW :H.KVHOVWURP*OHL.KVWURP/DGHJHUlW $NWLYHU$QUXI 'DV*HVSUl.KGDV6LH]XU=HLWIKUHQ $OWHUQDWH/LQH /HLWXQJ 6HUYL.H $R& *HEKUHQDQ]HLJH =XVDW]GLHQVW $ERQQHPHQWGLHQVW %HUHLWV.KDIWVPRGXV :HQQGDV7HOHIRQHLQJHV.KDOWHWXQGEHLHLQHP1HW]UHJL VWULHUWMHGR.K]XU=HLWNHLQHQ$QUXIWlWLJWRGHUHQWJHJHQ QLPPW &% &HOO%URDG.DVW²=HOO,QIR$OOJHPHLQH1D.KUL.KWHQ &/$ =LJDUHWWHQDQ]QGHU$GDSWHU &/, &DOOHU/LQH,GHQWLW\²]HLJWGLH1XPPHUGHV$QUXIHUVDQ &6' &LU.XLW6ZLW.KHG'DWD OHLWXQJVYHUPLWWHOWH'DWHQ 'DWD(Q.U\SWLRQ6WDQGDUG 'DWHQYHUV.KOVVHOXQJVVWDQGDUG '7& 7LV.KODGHJHUlW '70) 'XDO7RQH0XOWLIUHTXHQ.\7RQHV 0)97|QH )L[HGGLDOOLQJQXPEHUV)L[QXPPHUQZDKO *HV.KORVVHQH%HQXW]HUJUXSSH²HUIRUGHUW1HW]XQWHUVWW ]XQJ *HVSUl.KVPRGXV :HQQGDV7HOHIRQHLQHQ$QUXIWlWLJWRGHUHQWJHJHQQLPPW *356 *HQHUDO3D.NHW5DGLR6HUYL.H 'DWHQEHUWUDJXQJVSURWRNROO *OREDO6\VWHPIRU0RELOH.RPPXQL.DWLRQV )UHLVSUH.KHLQUL.KWXQJ KWWS +\SHU7H[W7UDQVIHU3URWR.RO ,QIRUPDWLRQ1XPEHUV,KUHV1HW]EHWUHLEHUVRGHU'LHQVWHDQ ELHWHUV...
  • Seite 80 ,QWHUQHW3URWR.RO /&' )OVVLJNULVWDOODQ]HLJH /HX.KWGLRGH 0DQPD.KLQH,QWHUID.H0HQV.K0DV.KLQH6.KQLWWVWHOOH 3,13,1 3HUVRQDO,GHQWLIL.DWLRQ1XPEHU6,0.DUWH(UKDOWHQ6LHYRQ ,KUHP1HW]EHWUHLEHU'LHQVWHDQELHWHU 3RLQWWR3RLQW3URWR.RO 38.38. 3,18QEOR.NLQJ.H\'LHQW]XP(QWVSHUUHQYRQ3,1XQG 3,19RP1HW]'LHQVWHDQELHWHUPLWJHWHLOW 5RDPLQJ 5P 'LH0|JOL.KNHLWPLW,KUHP7HOHIRQLQDQGHUHQDXVOlQGL V.KHQ1HW]HQ]XWHOHIRQLHUHQ 6HUYL.H'LDOOLQJ1XPEHU,KUHV1HW]EHWUHLEHUVRGHU'LHQVWH DQELHWHUV 6XEV.ULEHU,GHQWLW\0RGXOH6,0.DUWH(UKDOWHQ6LHYRQ,K UHP1HW]EHWUHLEHU'LHQVWHDQELHWHU 6KRUW0HVVDJH6HUYL.H.XU]QD.KUL.KWHQGLHQVW 6HUYL.H3URYLGHU1DPH'LHQVWHDQELHWHUQDPH 6WDWXV5HSRUW6WDWXVEHUL.KWIU606.XU]QD.KUL.KWHQ 8POHLWXQJ /HLWHWDQNRPPHQGH$QUXIH]XHLQHUDQGHUHQ1XPPHUXP 8QLIRUP5HVRXU.H/R.DWRU :LUHOHVV$SSOL.DWLRQ(QYLURQPHQW :$3Œ :LUHOHVV$SSOL.DWLRQ3URWR.RO :LUHOHVV'DWDJUDP3URWR.RO :LUHOHVV0DUNXS/DQJXDJH :0/6 :LUHOHVV0DUNXS/DQJXDJH6.ULSW :LUHOHVV6HVVLRQ3URWR.RO :7$, :LUHOHVV7HOHSKRQ\$SSOL.DWLRQ,QWHUID.H :LUHOHVV7UDQVSRUW3URWR.RO...
  • Seite 81 )HKOHUVX.KH 3UREOHP 0|JOL.KH8UVD.KHXQG/|VXQJ 7HOHIRQOlVVWVL.KQL.KW 6WHOOHQ6LHVL.KHUGDVVGHU$NNXDXIJHODGHQXQGUL.KWLJDQ HLQV.KDOWHQ GDV7HOHIRQDQJHV.KORVVHQLVW 'LH/DGH/('OHX.KWHW 9HUPXWOL.KNHLQH6WURPYHUVRUJXQJ6WH.NGRVHEHUSUIHQ QL.KWURWXQGGDV$N )HKOHUKDIWHV/DGHJHUlW3URELHUHQ6LHEHL,KUHP+lQGOHUHLQ NXV\PEROEOLQNWQL.KW DQGHUHV0LWVXELVKL/DGHJHUlWDXV:HQGHQ6LHVL.KDQ,KUHQ +lQGOHU =XNXU]H%HUHLWV.KDIWV =HOO,QIR$OOJHPHLQH1D.KUL.KWHQLVWLPPHUDNWLYLHUWXQG XQG*HVSUl.KV]HLWHQ IKUW]XK|KHUHP6WURPYHUEUDX.K 'DV7HOHIRQEHILQGHWVL.KLQHLQHP%HUHL.KPLWV.KZD.KHP 6LJQDOXQGEUDX.KWGDKHULPPHUGLHYROOH/HLVWXQJ )DOV.KHV/DGHQXQG(QWODGHQ/DGHQXQGHQWODGHQ6LHGHQ $NNXLPPHUYROOVWlQGLJ 'HU$NNXZLUGV.KZD.K$NNXHUVHW]HQ (VVLQGNHLQH*HVSUl 9HUJHZLVVHUQ6LHVL.KGDVVDXIGHU6LJQDOVWlUNHQDQ]HLJH .KHP|JOL.K PLQGHVWHQVHLQ%DONHQ]XVHKHQLVW 9HUVX.KHQ6LHHVLQ HLQHP%HUHL.KPLWK|KHUHU6LJQDOVWlUNH :LUGGHU1DPHHLQHV1HW]HVDQJH]HLJW")DOOVQL.KWLVW,KUH 6,0.DUWH2."hEHUSUIHQ6LH,KUH5HJLVWULHUXQJEHL,KUHP 1HW]EHWUHLEHU'LHQVWHDQELHWHU $QUXIVSHUUHLVWHLQJHV.KDOWHW$XVV.KDOWHQ VLHKH6HLWH   $QUXI*HEKUHQOLPLWHUUHL.KW VLHKH6HLWH  *HVSHL.KHUWH7HOHIRQ )'1 )L[QXPPHUQ RGHU$QUXIVSHUUHVLQGHLQJHV.KDOWHW QXPPHUQN|QQHQ hEHUSUIHQ6LHGLHVH)XQNWLRQHQXQGV.KDOWHQ6LHVLHDXV QL.KWDEJHUXIHQZHU VLHKH6HLWH XQG   1XPPHUQN|QQHQ 'LH7DVWDWXUVSHUUHLVWDNWLY...
  • Seite 82 )HKOHUPHOGXQJHQ 3UREOHP 0|JOL.KH8UVD.KHXQG/|VXQJ $EJHEUR.KHQ.HLQ7\S 'LH$NWLYLHUXQJYRQ=HOO,QIR$OOJHPHLQH1D.KUL.KWHQ ZXUGHEHDQWUDJWHVZXUGHMHGR.KNHLQ1D.KUL.KWHQW\S DXVJHZlKOW DXVJHZlKOW $NNXOHHU 'LHVH0HOGXQJZLUGDQJH]HLJWZHQQGHU$NNXIDVWOHHU LVWXQGGDV7HOHIRQEDOGDXWRPDWLV.KDEJHV.KDOWHWZLUG $QUXIIHKOJHV.KODJHQ 'HU%HQXW]HULVWXQHUUHL.KEDU 'HUDXVJHKHQGH$QUXIV.KOlJWIHKOZHLO HLQH*%*YHUZHQGHWZLUGXQGYRP1HW]QL.KWHUODXEW QL.KWHUNDQQWZLUGRGHU GDV1HW]DXIJUXQGHLQHV5HVVRXU.HQPDQJHOVGHQ$QUXI QL.KWEHU.NVL.KWLJWRGHU GLH1XPPHUDX‰HU%HWULHELVWRGHU GLH1XPPHUXQHUUHL.KEDULVWRGHU GDV1HW]QL.KWDQWZRUWHWRGHU GLH2SWLRQ]XP9HUEHUJHQ,KUHU7HOHIRQQXPPHUQL.KW YRP1HW]XQWHUVWW]WZLUG 3UIHQRE*%*YHUZHQGHWZLUGXQG*%*3DUDPHWHUVR ZLH*%*9HUIJEDUNHLWLP1HW]EHUSUIHQ 3UIHQ6LHGLH0|JOL.KNHLW,KUH,'EHLHLQHP$QUXI]XYHU EHUJHQ 9HUIJEDUNHLWGHV'LHQVWHVLP1HW]  %HVHW]W 6LHYHUVX.KHQHLQHQ$QUXI]XIKUHQDEHUGHU$QUXI V.KOlJWIHKOGDGLH*HJHQVHLWHEHUHLWVHLQHQ$QUXIIKUW 'LHQVWQL.KWYHUIJEDU %HL$NWLYLHUXQJPDQ.KHU*60'LHQVWHGLHLP1HW]QL.KW YHUIJEDUVLQG )DNV.KH(LQJDEH 6LHKDEHQHLQH=HL.KHQIROJHPLWHLQHP6\QWD[IHKOHUHLQ JHJHEHQ )DOV.KH3,1HUQHXW )DOV.KHU&RGHHLQJHJHEHQ YHUVX.KHQ )DOV.KH3,1HUQHXW YHUVX.KHQ )DOV.KH38.HUQHXW YHUVX.KHQ...
  • Seite 83 )HKOJHV.KODJHQ )HKOHUEHLP9HUVHQGHQHLQHU606 GLH.XU]QD.KUL.KWNDQQ QL.KWJHVHQGHWZHUGHQ  *%*$QUXIIHKOJHV 6LHKDEHQYHUVX.KWHLQHQ$QUXILQHLQHU*%* JHV.KORVVH QH%HQXW]HUJUXSSH YRU]XQHKPHQGHU$QUXIZXUGHYRP .KODJHQ 1HW]ZHUNDEJHZLHVHQGDGDV1HW]GLH*%*3DUDPHWHU QL.KWHUNHQQWRGHU GHUDQJHUXIHQH%HQXW]HUQL.KWLQGHUVHOEHQ*%*LVWRGHU GHUDQJHUXIHQH%HQXW]HUQL.KWPLWHLQHU*%*YHUEXQGHQ LVW *HVSHUUW (VZXUGHHLQH7DVWHJHGU.NWZlKUHQGGLH7DVWHQVSHUUH DDNWLYLVW 'U.NHQ6LH (QWVSHU UHQ  XPGLH6SHUUH DXI]XKHEHQ .DQQEHIHKOQL.KWDXV 6LHKDEHQHLQH)XQNWLRQJHZlKOWGLHLQGHPJHJHQZlUWL JHQ$QUXI]XVWDQGQL.KWDXVJHIKUWZHUGHQNDQQ IKUHQ .DQQ1D.KUL.KWQL.KW 'HU.XU]QD.KUL.KWHQWH[WNDQQQL.KWDQJH]HLJWZHUGHQ =HL.KHQQL.KWHUNDQQWIDOV.KHV)RUPDWXVZ DQ]HLJHQ .HLQH$NWLRQ :HQQHLQ.RSLHU9HUV.KLHEHQ9RUJDQJPLW6SHL.KHUSOlW ]HQGXU.KJHIKUWZLUGXQGNHLQH3DUDPHWHUJHlQGHUW ZHUGHQ GLHVHOEHQ6SHL.KHUSOlW]H1XPPHUQXQG1D PHQ  .HLQH$QWZRUW 6LHKDEHQHLQHQ%HQXW]HUDQJHUXIHQHVZXUGHMHGR.K NHLQH$QWZRUWHPSIDQJHQ .UHGLWOLPGLWHUUHL.KW 6LHYHUVX.KHQHLQDXVJHKHQGHV*HVSUl.K]XIKUHQXQG GDV.UHGLWOLPLWLVWEHUHLWVHUUHL.KW 'DV.UHGLWOLPLWZLUGZlKUHQGHLQHVDXVJHKHQGHQ*H VSUl.KVHUUHL.KW GHU$QUXIZLUGDEJHEUR.KHQ  .UHGLWOLPLWHUUHL.KW 'DV*HEKUHQOLPLWZLUGLQ.U]HHUUHL.KW'HUYHUEXQGH QH$QUXIHQGHWDXWRPDWLV.KZHQQGDV/LPLWHUUHL.KW ZLUG...
  • Seite 84 1L.KWHUODXEW (LQ$QUXIZLUGYHUVX.KWDEHUDXIJUXQG)L[ZDKOQXPPHU .RQWUROOHDEJHEUR.KHQ GLHJHZlKOWH1XPPHUVWLPPW )L[QXPPHUQZDKO PLWNHLQHUJHVSHL.KHUWHQ)L[ZDKOQXPPHUEHUHLQ  1L.KWYHUIJEDU (VLVWNHLQ6,06SHL.KHUSODW]PHKUYHUIJEDU 1XPPHUJHlQGHUW 'LHDQJHUXIHQH1XPPHUKDWVL.KJHlQGHUW 3D‰ZRUWEHUSUIHQ 6LHKDEHQGDV$QUXIVSHUUH3D‰ZRUWJHlQGHUWRGHU 6LHKDEHQGHQ6WDWXVGHV$QUXIVSHUUH'LHQVWHVJHlQGHUW 'DVHLQJHJHEHQH3D‰ZRUWV.KHLQWIDOV.K]XVHLQ 3,1JHVSHUUW (VZXUGHGUHL0DOHLQIDOV.KHU3,1&RGHHLQJHJHEHQ 3,1JHVSHUUW (VZXUGHGUHL0DOHLQIDOV.KHU3,1&RGHHLQJHJHEHQ 38.JHVSHUUW (VZXUGH]HKQ0DOHLQIDOV.KHU38.&RGHHLQJHJHEHQ 'LHGXU.KGHQ3,1&RGHJHV.KW]WHQ6,0'LHQVWHVLQG QXQSHUPDQHQWGHDNWLYLHUW 5XIWRQ/DXWVWlUNH$XV 'LH/DXWVWlUNHGHV.OLQJHOVLJQDOVLVWDXIJHVHW]W 6,0JHVSHUUW38. (VZXUGHGUHL0DOHLQIDOV.KHU3,1&RGHHLQJHJHEHQ 38.&RGHHLQJHEHQXPGLH6,0.DUWH]XHQWVSHUUHQ HLQJHEHQ 6,0JHVSHUUW:HQGHQ (VZXUGH]HKQ0DOHLQIDOV.KHU38.&RGHHLQJHJHEHQ 'LH6,0.DUWHZXUGHSHUPDQHQWGHDNWLYLHUWXQGPX‰ 6LHVL.KDQ,KUHQ GXU.KHLQHQHXHHUVHW]WZHUGHQ 1HW]EHWUHLEHU 6,0EHUSUIHQ .HLQH6,0HLQJHOHJWRGHU6,0IDOV.KHLQJHOHJW:HLWHUH (LQ]HOKHLWHQILQGHQ6LHDXI6HLWH 6,0YROO 'HUHQWVSUH.KHQGH6SHL.KHUEHUHL.KLVWYROO 6,01DPHQVVSHL.KHU YROO 7HOHIRQVSHL.KHUYROO 6066SHL.KHUSOlW]H 6SHL.KHUXQJQHXHQ6061D.KUL.KWHQ EHL(UVWHOOHQHLQHU...
  • Seite 85 *DUDQWLH 3DQHXURSlLV.KHU6HUYL.H )DOOV6LH6HUYL.HEHQ|WLJHQVROOWHQ6LHVL.K]XQl.KVWDQ,KUHQ/LHIHUDQWHQZHQGHQ 6ROOWHQ6LHDXI6.KZLHULJNHLWHQVWR‰HQVRVHW]HQ6LHVL.KELWWHPLWGHPQl.KVWJHOHJHQHQ 0,768%,6+,=ZHLJVWHOOH VLHKHQD.KVWHKHQGH/LVWH LQ9HUELQGXQJEHLGHU6LH,QIRUPDWLRQHQ EHUZHLWHUH6HUYL.HVWHOOHQHUKDOWHQ *5266%5,7$11,(1 63$1,(1 7HO   7HO   )5$1.5(,&+ ,7$/,(1 7HO   7HO   '(876&+/$1' ,5/$1' 7HO   7HO   8PLP5DKPHQGHU*DUDQWLH6HUYL.HOHLVWXQJHQLQ$QVSUX.KQHKPHQ]XN|QQHQEHQ|WLJHQ 6LHGDV2ULJLQDO,KUHU.DXIUH.KQXQJRGHUHLQHQDQGHUHQHLQGHXWLJHQ.DXIEHOHJ %LWWHEHD.KWHQ6LHGLH*DUDQWLHEHGLQJXQJHQIUGLHJDUDQWLHUWHQ6HUYL.HOHLVWXQJHQ 3DQHXURSlLV.KH*DUDQWLHEHGLQJXQJHQIU*60(QGEHQXW]HU 6LHN|QQHQGLHVH*HZlKUOHLVWXQJQXULQ$QVSUX.KQHKPHQZHQQ6LHGHUXUVSUQJOL.KH .lXIHUVLQGDQGHQGDV3URGXNW]XU(QGEHQXW]XQJDEJHJHEHQZXUGH 0,768%,6+,JHZlKUOHLVWHWIU0RQDWHDEGHP'DWXPGHV.DXIVYRQ,KUHP+lQGOHUGD‰ GDV3URGXNWNHLQH0DWHULDORGHU9HUDUEHLWXQJVIHKOHUDXIZHLVW*HPl‰GHQ XQWHQVWHKHQGHQ%HGLQJXQJHQZLUG,KQHQ0,768%,6+,DOOH.RVWHQIU(UVDW]WHLOHXQG $UEHLWVNRVWHQIUGLH5HSDUDWXURGHUGHQ$XVWDXV.KGHV3URGXNWHVRGHUYRQ(UVDW]WHLOHQ HLQV.KOLH‰OL.K7HLOHQlKQOL.KHU$UW HUVWDWWHQIDOOVGLHVH$UEHLWHQGXU.KHLQDXWRULVLHUWHV 0,768%,6+,*606HUYL.H&HQWHUGXU.KJHIKUWZXUGHQ0,768%,6+,LVWEHUH.KWLJWGDV DXVJHWDXV.KWH3URGXNW]XEHKDOWHQ $QVSU.KHPVVHQJHJHQEHUHLQHPDXWRULVLHUWHQ*606HUYL.H&HQWHULQGHQ/lQGHUQGLH LQGHUGHP3URGXNWEHLJHIJWHQ6HUYL.H.DUWHDXIJHIKUWVLQGJHOWHQGJHPD.KWZHUGHQ %HL3UREOHPHQN|QQHQ6LHVL.KEHLGHPLQGHU6HUYL.H.DUWHJHQDQQWHQ0LWVXELVKL 8QWHUQHKPHQQD.KHLQHP0,768%,6+,*606HUYL.H&HQWHULQ,KUHU1lKHHUNXQGLJHQ$OV %HGLQJXQJIUGLH,QDQVSUX.KQDKPHGLHVHU*HZlKUOHLVWXQJPX‰GDV.DXIGDWXPGXU.KGLH 2ULJLQDO/LHIHUDQWHQUH.KQXQJRGHU,KUHQ.DXIEHOHJPLWGHU6HULHQQXPPHUQD.KJHZLHVHQ XQGGLH6HUYL.H.DUWHYRUJHOHJWZHUGHQ'LHHQGJOWLJH(QWV.KHLGXQJEHUGDV ,QIUDJHNRPPHQHLQHV*DUDQWLHDQVSUX.KVOLHJWEHL0,768%,6+,0,768%,6+,LVWQL.KW YHUSIOL.KWHWGLH7UDQVSRUWNRVWHQ]XPDXWRULVLHUWHQ0,768%,6+,*606HUYL.H&HQWHUXQG ]XU.N]XWUDJHQ'HU7UDQVSRUWHUIROJWDXI,KU5LVLNR 'LHVH*HZlKUOHLVWXQJXPID‰WQL.KW D MHJOL.KH$UWYRQ%DWWHULHGHIHNWHQ...
  • Seite 86 .RQIRUPLWlWVHUNOlUXQJ KONFORMITÄTSERKLÄRUNG Name : Mitsubishi Electric Telecom Europe S.A. RCS Nanterre B 307 593 129 Anschrift : 25, boulevard des Bouvets : Nanterre Cedex : 92741 Identifizierung des Produktes : Mobiltelefon : Dual band GSM 900/DCS 1800 Handelsbezeichnung : MT-050...
  • Seite 87 KONFORMITÄTSERKLÄRUNG Name : Mitsubishi Electric Telecom Europe S.A. RCS Nanterre B 307 593 129 Anschrift : 25, boulevard des Bouvets : Nanterre Cedex : 92741 Identifizierung des Produktes : Mobiltelefon : Dual band GSM 900/DCS 1800 Handelsbezeichnung : MT-250 Sonstige Informationen...
  • Seite 88 .RQIRUPLWlWVHUNOlUXQJ...
  • Seite 89 ,QGH[ $XWR $QQDKPH   $NNX    :LHGHUKROXQJ    $ODUPODXWVWlUNH   $XWR$EV.KDOWXQJ    (LQVHW]HQ    $XWRPDWLV.KH6X.KHZlKOHQ   (QWVRUJXQJ    *HEUDX.K    +HUDXVQHKPHQ   %HUHLWV.KDIWVDQ]HLJH   /DGHQ    %RG\6KDSH 6L.KHUKHLWVLQIRUPDWLRQHQ  ...
  • Seite 90 (LJHQH1XPPHUQ   )'1    (LQ$XVV.KDOWHQ )HKOHUPHOGXQJHQ    $XV  )HKOHUVX.KH    (LQ  )L[QXPPHUQZDKO    (LQH6061D.KUL.KWVHQGHQ  )UHLVSUH.KIXQNWLRQ    (LQH6061D.KUL.KWVSHL.KHUQ   )URQWEOHQGH (LQHQ$QUXI DEQHKPHQ    EHHQGHQ  DXIVHW]HQ    HQWJHJHQQHKPHQ   DXVZH.KVHOQ   ...
  • Seite 91 /HW]WHJHZlKOWH5XIQXPPHUQ   /RJLQ1DPH    ,.RQV    /RJLQ3DVVZRUG    ,Q,KUHPHLJHQHQ,QWHUHVVH    /|VXQJHQ    ,QIRUPDWLRQQXPEHUV    ,QWHUQHW   ,QWHUQHW%URZVHU   0DLOER[   $QGHUH6LWH   $ODUP   $QSDVVHQ   $QUXI    $QV.KOX‰QXPPHU   ...
  • Seite 92 2QOLQHJHKHQ   6'1QXPEHUV    2QOLQH9HUELQGXQJ 6L.KHUKHLW    $QSDVVHQ   &RGHV    %HHQGHQ  )XQNWLRQHQ   /HVH]HL.KHQ  6L.KHUKHLWLP)DKU]HXJ    6L.KHUKHLWVLQIRUPDWLRQHQ   $NNX   3D‰ZRUWIU$QUXIVSHUUH ,Q,KUHPHLJHQHQ,QWHUHVVH    $QUXI   1RWUXIH    3DXVHIXQNWLRQ  ...
  • Seite 93 7WH[WHQWU\    :DKO 7DVWDWXUVSHUUH    6SHL.KHUGHV$QUXIUHJLVWHUV    7HJL. 7    7HOHIRQEX.K    7HOHIRQ :lKUXQJVXPUH.KQHU   VSH]LILV.KH$QSDVVXQJ   :DUQPRGXV    7HOHIRQEX.K $XIUXI   =ZHLWHU$QUXI    %HVWLPPWH:DKO   (LJHQH1XPPHUQ    )UHLH6SHL.KHUSOlW]H   ...