63,675(&,
:VND]ZNLEH]SLH.]H°VWZD
,QIRUPD.MHRJOQH
2]QDNRZDQLHZVND]ZHN
EH]SLH.]H°VWZD
.ZDOLILND.MHLV]NROHQLHSHUVRQHOX
1LHEH]SLH.]H°VWZDSU]\
QLHSU]HVWU]HJDQLXZVND]ZHN
EH]SLH.]H°VWZD
%H]SLH.]QDSUD.D
:VND]ZNLEH]SLH.]H°VWZDGOD
X\WNRZQLNDREVXJXM¢.HJR
:VND]ZNLEH]SLH.]H°VWZDGODSUD.
NRQVHUZD.\MQ\.KSU]HJO¢GZLPRQWDX
6DPRG]LHOQDSU]HEXGRZDLZ\NRQ\ZDQLH
.]}.L]DPLHQQ\.K
1LHGR]ZRORQ\VSRVEHNVSORDWD.ML
,QIRUPD.MHRJOQH
3RPS\SRGZMQH
=DVWRVRZDQLH
&]\QQLNLWR.]RQH
0RQWD
=PLDQDSRRHQLDVNU]\QNL]D.LVNRZHM
3RPS\SRGZMQH
=DZU]ZURWQ\
=DEH]SLH.]HQLHSU]HGPUR]HP
3U]\¢.]HHOHNWU\.]QH
1DSL}.LD]DVLODQLD
6.KHPDW\SR¢.]H°
8UX.KRPLHQLH
.RQGHQVD.MDZRG\ZVNU]\Q.H
]D.LVNRZHM
)XQN.MH
5RG]DMHUHJXOD.ML
:\EUURG]DMXUHJXOD.ML
$XWRPDW\.]QDUHGXN.MDQR.QD
&KDUDNWHU\VW\NDVWDD
&KDUDNWHU\VW\ND0D[OXE0LQ
3URZDG]HQLHWHPSHUDWXU¢
=HZQ}WU]QH=D:\
=HZQ}WU]QHV\JQD\]DN.H°
/DPSNLV\JQDOL]D.\MQH
0RGX\UR]V]HU]DM¢.H
0RGX*(1,
0RGX/21
8VWDZLHQLDSRPS\
8VWDZLHQLDIDEU\.]QH
3DQHOVWHURZDQLD
3LORW5
3U]HJO¢GPHQXSLORWD5
0HQX35$&$
0HQX67$786
0HQX,167$/$&-$
3ULRU\WHWQDVWDZ
3U]HJO¢G]DN.H°
.RQWURODVWDQXL]ROD.ML
'DQHWH.KQL.]QH
8W\OL]D.MD
:VND]ZNLEH]SLH.]H°VWZD
VWU
,QIRUPD.MHRJOQH
1LQLHMV]DLQVWUXN.MDHNVSORDWD.ML]DZLHUD
SRGVWDZRZHZVND]ZNLMDNLHXZ]JO}GQLDÎQDOH\
SRG.]DVLQVWDORZDQLDHNVSORDWD.MLLNRQVHUZD.ML
'ODWHJRWHSU]HG]DLQVWDORZDQLHPL
XUX.KRPLHQLHPZLQLHQM¢SU]H.]\WDÎ]DUZQR
PRQWHUMDNLX\WNRZQLNZ]JOMHJRSHUVRQHO
ID.KRZ\,QVWUXN.MDZLQQDE\ÎVWDOHGRVW}SQDZ
PLHMV.XHNVSORDWD.MLVSU]}WX
8Z]JO}GQLDÎQDOH\QLHW\ONRRJOQHZVND]ZNL
EH]SLH.]H°VWZDSRGDQHZUR]G]LDOHQLQLHMV]\P
OH.]WDNHZVND]ZNLVSH.MDOQHSRGDZDQHZ
SRV].]HJOQ\.KUR]G]LDD.K
2]QDNRZDQLHZVND]ZHN
EH]SLH.]H°VWZD
:VND]ZNLEH]SLH.]H°VWZDSRGDQH
ZQLQLHMV]HMLQVWUXN.MLNWU\.K
QLHSU]HVWU]HJDQLHPRHVWZDU]DÎ
]DJURHQLHGODOXG]LR]QD.]RQR
VSH.MDOQLHRJOQ\P]QDNLHP
RVWU]HJDZ.]\PÙ=QDNRVWU]HJDZ.]\
ZJ',1:µ
7HQV\PERO]QDMGXMHVL}SU]\
ZVND]ZND.KEH]SLH.]H°VWZD
NWU\.KQLHSU]HVWU]HJDQLHPRH
UWAGA
VSRZRGRZDÎ]DJURHQLDGODVSU]}WXL
MHJRG]LDDQLD
7XSRGDZDQHV¢UDG\OXEZVND]ZNL
XDWZLDM¢.HSUD.}L]ZL}NV]DM¢.H
RADA
EH]SLH.]H°VWZRHNVSORDWD.ML
1DOH\EH]Z]JO}GQLHSU]HVWU]HJDÎZVND]ZHN
XPLHV].]RQ\.KEH]SRUHGQLRQDXU]¢G]HQLD.K
WDNL.KMDNQS
VWU]DNLZVND]XM¢.HNLHUXQHNREURWZ
R]QDNRZDQLHSU]\¢.]\LQVWDOD.ML
3RZLQQ\RQHE\Î]DZV]H.]\WHOQHXWU]\P\ZDQH
Z.]\VWR.L
.ZDOLILND.MHLV]NROHQLHSHUVRQHOX
3HUVRQHOZ\NRQXM¢.\PRQWDREVXJ}SU]HJO¢G\
LNRQVHUZD.M}VSU]}WXPXVLSRVLDGDÎNZDOLILND.MH
QLH]E}GQHGRZ\NRQ\ZDQLDW\.KSUD.8\WNRZQLN
ZLQLHQGRNDGQLHXUHJXORZDÎ]DNUHVNRPSHWHQ.MLL
RGSRZLHG]LDOQR.LRUD]VSUDZ\QDG]RUXQDGW\P
SHUVRQHOHP
1LHEH]SLH.]H°VWZDSU]\
QLHSU]HVWU]HJDQLXZVND]ZHN
EH]SLH.]H°VWZD
1LHSU]HVWU]HJDQLHZVND]ZHNEH]SLH.]H°VWZD
PRHVSRZRGRZDÎ]DJURHQLD]DUZQRGOD
RVEMDNLURGRZLVNDZ]JOVDPHJRVSU]}WX
1LHSU]HVWU]HJDQLHZVND]ZHNEH]SLH.]H°VWZD
PRHVSRZRGRZDÎXWUDW}ZV]HONL.KSUDZGR
RGV]NRGRZD°