This document was ed by and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this report form. Report 3i3n4
#XKUQCURKTCEKÉP
#EGKVCTNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPKNNCT¾UVG[CRTGVCTCOQ
OGFKCXWGNVCCRTQZKOCFCOGPVG
%QPUWNVGGN.KDTQFGKPUVTWEEKQPGUVGUFGTGCNK\CTOVGPKOKGPVQ
#XKUQXQNVCLG
#XKUQRKG\CUECNKGPVGU
#PVGUFGCTTECTDNQSWGCTVQFCUNCUEQORWGTVCUFGNCECTTQEGTÃC Ő 5KUGVKTCFGNCJQLCJCEKCCDCLQRCTCTGNEQORTGUQT[FGUEQPGEVCTGNXQNVCLG Ő +PXKGTVCNCUFQUNÃPGCUFGGPVTCFC4GRKVCGNRCUQVGTKQT Ő 5KNCJQLCUCNVCNCTQVCEKÉPFGNOQVQTGUEQTTGEVC
2WPVQFGFTGPCLGOWCNFGEQPFGPUCFQ
2WPVQFGFTGPCLGCWVQO±VKEQFGEQPFGPUCFQ
#XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTVGUFGTGCNK\CT TGRCTCEKQPGU
#XKUQFGUEQPGEVGNCCNKOGPVCEKÉPGN¾EVTKECVGUFGCDTKT
/WCNFGKPUVTWEEKQPGU
+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ
#PVGUFGNCTTSWGKPKEKCN
5GIWTKFCF 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGUKPENWKFCU NCUSWGUGKPFKEGPGNRTGUGPVGOWCN
(WPEKQPCOKGPVQGPCNVKVWFGZVGTKQTGU 5KGNEQORTGUQTUGGPEWGPVTCKPUVCNCFQGPGZVGTKQTGUQUKGURQUKDNGSWGNCVGORGTCVWTCFGCURKTCEKÉPFGN CKTGFGUEKGPFCRQTFGDCLQFG%(JC[SWGVQOCTRTGECWEKQPGU%QPUWNVGC#VNCU%QREQGPVCN ECUQ[VCODK¾PUKHWPEKQPCCWPCCNVKVWFUWRGTKQTCO HV &GURNC\COKGPVQNGXVCOKGPVQ 7PKFCFOQPVCFCGPGNUWGNQGNEQORTGUQTRWGFGOQXGTUGEQPWPCECTTGVKNNCGNGXCFQTC2TQEWTGPQFCÇCT PKPIWPCFGNCUEQPGZKQPGUKPUVCNCFCUFGDCLQFGNDCUVKFQTCNOQXGTNCECTTGVKNNCQGNEQORTGUQT2CTC GNGXCTGNEQORTGUQTEQORTWGDGSWGNCUJQTSWKNNCUUGNQUWHKEKGPVGOGPVGNCTICURCTCRTQRQTEKQPCTWP UQRQTVGGUVCDNG 7PKFCFOQPVCFCGPFGRÉUKVQOWGXCGNEQORTGUQTEQPWPCECTTGVKNNCGNGXCFQTCEQNQEFQNCUJQTSWKNNCU FGDCLQFGNQUUQRQTVGUFGGNGXCEKÉPSWGUGGPEWGPVTKPUVCNCFQUGPVTGNQURKGUFGNFGRÉUKVQFGCKTG #UGIÐTGUGFGEQNQECTNCUJQTSWKNNCUGPGNEGPVTQFGNFGRÉUKVQFGCKTG[NGXVGEQPEWKFCFQ #TTSWG[RCTCFCCFKUVEKCGPEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+ &GLGSWGNCUOQFKHKECEKQPGUNCUEQORTWGDG#VNCU%QREQ2CTGGNEQORTGUQT[ FGUEQPGEVGGNXQNVCLGVGUFGEQPGEVCTGSWKRQGZVGTPQ5GRGTOKVGPÐPKECOGPVG EQPVCEVQUNKDTGUFGXQNVCLG #TTSWG[RCTCFCCFKUVEKC Ő %QPGEVGWPDQVÉPFGCTTSWGRCTCFCRTQITCOCFCGPVTGNQUDQTPGU[FGNVCDNGTQFGDQTPGU
:%QPUWNVGNCUGEEKÉP5KUVGOCGN¾EVTKEQRCTCNQECNK\CTNCTGINGVCFGDQTPGU
#TTSWGKPKEKCN
5GIWTKFCF 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
/WCNFGKPUVTWEEKQPGU
2TQEGFKOKGPVQ 2CTCEQPQEGTNCWDKECEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ
(KLCFQTGUFGVTURQTVGFGNOQVQT[ECLCFGGPITCLGU
2QUKEKÉPFGNCOKTKNNCFGPKXGNFGCEGKVG
/WCNFGKPUVTWEEKQPGU
%WDÃEWNQGN¾EVTKEQ
7DKECEKÉPFGNCJQLC
/WCNFGKPUVTWEEKQPGU
%QPUWNVGNCUUGEEKQPGU6COCÇQFGECDNGUGN¾EVTKEQU2TQRWGUVCUFGKPUVCNCEKÉP[&KDWLQUFG FKOGPUKQPGU
*C[SWGSWKVCTNQUHKLCFQTGUFGVTURQTVGRKPVCFQUFGTQLQUKIWKGPVGU Ő 2GTPQU Ő %CUSWKNNQU Ő 5QRQTVGU
%QORTWGDGSWGGUV±PJGEJCUNCUEQPGZKQPGUGN¾EVTKECUEQPHQTOGCNQUEÉFKIQUNQECNGU[SWG VQFQUNQUECDNGUGUV±PDKGPUWLGVQUCUWUDQTPGU 'NGSWKRQFGDGRQPGTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUFGVKRQ KPGTVGGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
%QORTWGDGSWGGNVTUHQTOCFQT 6GUV±DKGPEQPGEVCFQ 2CTCWPKFCFGU(WNN(GCVWTGGZEGRVQRCTCXQNVCLGUFGXQNVCLGU8[8 0EQORTWGDG SWGGNVTUHQTOCFQT 6GUV±DKGPEQPGEVCFQ %QORTWGDGGNCLWUVGFGNTGN¾FGUQDTGECTICFGNOQVQTFGCEEKQPCOKGPVQ ( %QORTWGDGSWGGNTGN¾FGUQDTGECTICXCCLWUVCFQRCTCTGCTOGOWCN
+PUVCNGNCX±NXWNCFGUCNKFCFGCKTG #8EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉPRCTCEQPQEGTNC WDKECEKÉPFGNCX±NXWNC %KGTTGNCX±NXWNC %QPGEVGNCTGFFGCKTGCNCX±NXWNC 'PEQORTGUQTGUGSWKRCFQUEQPWPCFGTKXCEKÉPFGUGECFQTKPUVCNGNCX±NXWNCFGUCNKFCFGCKTGGP GNVWDQFGFGTKXCEKÉPFGNUGECFQT
%QPGEVGNCUUCNKFCUFGFTGPCLGFGNEQPFGPUCFQCWPEQNGEVQTFGFTGPCLG %QPUWNVGNCUGEEKÉP5KUVGOCFGEQPFGPUCFQ
%QORTWGDGGNPKXGNFGCEGKVG8¾CUGNCUGEEKÉP%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
2TQX¾CUGFGCFJGUKXQUSWGCXKUGPCNQRGTCFQTFGSWG Ő 'URQUKDNGSWGGNEQORTGUQTXWGNXCCCTTECTCWVQO±VKECOGPVGFGURW¾UFGKPVGTTWREKÉPFGN XQNVCLG UKGUV±CEVKXCFQEQPUWNVGC#VNCU%QREQ Ő 'NEQORTGUQTXCEQPVTQNCFQCWVQO±VKECOGPVG[RWGFGSWGCTTSWGGPEWCNSWKGTOQOGPVQ
(KLGNCJQLC SWGGZRNKECGNRTQEGFKOKGPVQFGEQORTQDCEKÉPFGNCFKTGEEKÉPFGTQVCEKÉPFGN OQVQTCNCUCNKFCFGCKTGFGTGHTKIGTCEKÉPFGNEQORTGUQT%QPUWNVGNCUGEEKÉP&KDWLQUFG FKOGPUKQPGU %QPGEVGGNXQNVCLG#TTSWGGNEQORTGUQT[R±TGNQCNKPUVVG%QORTWGDGNCFKTGEEKÉPFG TQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQ /EWFQIKTCRQTKPGTEKCJCUVCRCTCT %QORTWGDGNCTQVCEKÉPFGNOQVQTWUFQNCJQLC 5KNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTGU EQTTGEVCNCGVKSWGVCFGNCRCTTKNNCFGNCRCTVGUWRGTKQTUCNVCT±5KNCJQLCRGTOGEGGPUW RQUKEKÉPNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVC 5KNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTFGCEEKQPCOKGPVQGUKPEQTTGEVCCDTCGNKPVGTTWRVQT UGRCTCFQTGKPXKGTVCFQUNÃPGCUGN¾EVTKECUFGGPVTCFC 4GN¾FGUGEWGPEKCFGHCUGUQREKQPCN Ő 5KGNEQORTGUQTPQNQITCTCCTTECTEQORTWGDGGNFKURNC[ Ő 5KGNFKURNC[OWGUVTCGNRKEVQITCOCFGUQDTGECTICFGNOQVQTEQORTWGDGGNTGN¾FGUGEWGPEKC FGHCUG 7PCFKTGEEKÉPFGTQVCEKÉPKPEQTTGEVCFGNOQVQTFGCEEKQPCOKGPVQRWGFGECWUCTFCÇQUCN EQORTGUQT
'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGNQUCLWUVGUX¾CUGNC UGEEKÉP#LWUVGU
2QPICGNEQORTGUQTGPOCTEJC[FGLGSWGHWPEKQPGFWTVGCNIWPQUOKPWVQU%QORTWGDGSWGGN EQORTGUQTHWPEKQPCEQPPQTOCNKFCF
/WCNFGKPUVTWEEKQPGU
#PVGUFGCTTECT
2TQEGFKOKGPVQ
%QORTWGDGGNPKXGNFGCEGKVGCÇCFCUKGURTGEKUQ8¾CUGNCUGEEKÉP#TTSWGKPKEKCN
#TTSWG
2TQEGFKOKGPVQ 2CTCEQPQEGTNCRQUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTG[NCUEQPGZKQPGUFGFTGPCLG EQPUWNVGNCUUGEEKQPGU+PVTQFWEEKÉP[5KUVGOCFGEQPFGPUCFQ
2GNFGEQPVTQNFG'NGMVTQPKMQP+
2CUQ
#EEKÉP
%QPGEVGGNXQNVCLG%QORTWGDGSWGUGGPEKGPFGGN.'&FGXQNVCLGEQPGEVCFQ
#DTCNCX±NXWNCFGUCNKFCFGCKTG
2WNUGGNDQVÉPFGCTTSWG FGNRGNFGEQPVTQN'NEQORTGUQTUGRQPGGPOCTEJC[GN.'& FGHWPEKQPCOKGPVQCWVQO±VKEQ UGGPEKGPFG&KG\UGIWPFQUFGURW¾UFGCTTECTGNOQVQTFG CEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTK±PIWNQ[GNEQORTGUQTGORKG\CCHWPEKQPCTGPECTIC
/WCNFGKPUVTWEEKQPGU
&WTVGGNHWPEKQPCOKGPVQ
2TQEGFKOKGPVQ 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU%QPUWNVG VCODK¾PNCUGEEKÉP5QNWEKÉPFGRTQDNGOCU .CTGVKTCFCFGNRGNHTQPVCN RGNFGUGTXKEKQFWTVGGNHWPEKQPCOKGPVQRTQXQECT±GN CRCICFQCWVQO±VKEQFGNCWPKFCFFGURW¾UFGEKGTVQVKGORQUGIÐPNCXGTUKÉPFGN EQORTGUQT 5KNQUOQVQTGUGUV±PFGVGPKFQU[GN.'& GPEGPFKFQNQUOQVQTGURQFTÃRQPGTUGGP OCTEJCCWVQO±VKECOGPVG
2GNFGEQPVTQN'NGMVTQPKMQP+
7DKECEKÉPFGNCOKTKNNCFGPKXGNFGCEGKVGFG)#C)# 2WNUGGNDQVÉPFGRCTCFCEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNQUFKURQUKVKXQUFGFTGPCLGOWCNFGN EQPFGPUCFQ UKNQUJWDKGTC%QPUWNVGNCUGEEKÉP+PVTQFWEEKÉP[NCUGEEKÉP5KUVGOCFGEQPFGPUCFQRCTC EQPQEGTNCWDKECEKÉPFGNCX±NXWNCFGUCNKFCGNFKURQUKVKXQFGFTGPCLGFGCIWC 2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
/WCNFGKPUVTWEEKQPGU
%QORTWGDGGNPKXGNFGCEGKVGCKPVGTXCNQUTGIWNCTGU6TGUOKPWVQUFGURW¾UFGRCTCTNCOKTKNNC )NFGDG GPEQPVTCTUGGPVTG[NNGPC'URGTGJCUVCSWGUGRCTGGNEQORTGUQT UGIWPFQUFGURTGUWTKEGGN UKUVGOCFGCEGKVGFGUCVQTPKNNFQGNVCRÉPFGNNGPCFQFGCEGKVG (%WPCUQNCXWGNVC[GURGTGWPQU OKPWVQU'ZVTCKICGNVCRÉP[CÇCFCCEGKVGJCUVCNNGPCTGNPKXGNFGNCOKTKNNC+PUVCNG[CRTKGVGGNVCRÉP (% 5KGUV±GPEGPFKFQGN.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ GNTGIWNCFQTIQDKGTPCGNEQORTGUQT CWVQO±VKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[XQNXGTCCTTECT %QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTVGGNHWPEKQPCOKGPVQCKPVGTXCNQUTGIWNCTGU%QPUWNVGNC UGEEKÉP5KUVGOCFGEQPFGPUCFQ
%QORTQDCTGNFKURNC[
2TQEGFKOKGPVQ
2GNFGEQPVTQN'NGMVTQPKMQP+ 'PEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+EQORTWGDGGNFKURNC[ TGIWNCTOGPVGNQU RKEVQITCOCUKPFKEGNGUVCFQFGNEQORTGUQTX¾CUGNCUGEEKÉP2KEVQITCOCUWVKNK\CFQUGPNCRVCNNC *CICNCUIGUVKQPGUPGEGUCTKCUUKGUV±GPEGPFKFQQRCTRCFGCGN.'&FGCNCTOC X¾UGNCUUGEEKQPGU #XKUQFGUGTXKEKQ#XKUQFGRCTCFCFGCNCTOC[2CTCFCFGCNCTOC
2CTCFC
4GIWNCFQT'NGMVTQPKMQP
2GNFGEQPVTQNFG'NGMVTQPKMQP+
/WCNFGKPUVTWEEKQPGU
2TQEGFKOKGPVQ 2CUQ
#EEKÉP
2WNUGGNDQVÉPFGRCTCFC 'N.'&FGHWPEKQPCOKGPVQCWVQO±VKEQ UGCRCIC[GN EQORTGUQTUGFGVKGPGVTUEWTTKFQUUGIWPFQUFGHWPEKQPCOKGPVQUKPECTIC
2CTCRCTCTGNEQORTGUQTGPECUQFGGOGTIGPEKCRWNUGGNDQVÉPFGRCTCFCFG GOGTIGPEKC 'N.'&FGCNCTOC RCTRCFGC 'PEQORTGUQTGUEQP'NGMVTQPKMQP+FGURW¾UFGUQNWEKQPCTNCCXGTÃCVKTGFGNDQVÉP RCTCFGUDNQSWGCTNQ[RWNUGNCVGENCFGTGCTOG VGUFGTGCTTECT
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG #8EQPUWNVGNCUGEEKÉP+PVTQFWEEKÉP
#DTCGNRWPVQFGFTGPCLGOWCN &O &GUEQPGEVGGNXQNVCLG
2WGUVCHWGTCFGUGTXKEKQ
#XKUQ 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
2TQEGFKOKGPVQ 2CUQ
#EEKÉP
2CTGGNEQORTGUQT[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG
#DTCGNRWPVQFGFTGPCLGOWCNFGEQPFGPUCFQ UKNQJWDKGTC%QPUWNVGNCUGEEKÉP 5KUVGOCFGEQPFGPUCFQRCTCNQECNK\CTNCX±NXWNCFGFTGPCLG
&GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
FGUCVQTPKNNGGNVCRÉPFGNNGPCFQFGCEGKVGWPCUQNCXWGNVCPQO±UCHKPFGRGTOKVKT SWGGUECRGNCRTGUKÉPGXGPVWCNFGNUKUVGOC %QPUWNVGNCUGEEKÉP%CODKQFGCEGKVG[HKNVTQUFGCEGKVGRCTCNQECNK\CTGNVCRÉPFG NNGPCFQ
%KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCX±NXWNCFGUCNKFC 5GRCTGGNVWDQFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
8CEÃGGNCEGKVG
8CEÃGGNEKTEWKVQFGEQPFGPUCFQ[FGUEQPGEVGNQUVWDQUFGEQPFGPUCFQFGNCTGFFG EQPFGPUCFQ
/WCNFGKPUVTWEEKQPGU
/VGPKOKGPVQ
2TQITCOCFGOVGPKOKGPVQRTGXGPVKXQ
2GNFGEQPVTQN
2GNFGEQPVTQN'NGMVTQPKMQP+ #XKUQ #PVGUFGNNGXCTCECDQEWCNSWKGTQRGTCEKÉPFGOVGPKOKGPVQTGRCTCEKÉPQCLWUVG RTQEGFCFGNCUKIWKGPVGOGTC Ő 2CTGGNEQORTGUQT Ő 2WNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC Ő &GUEQPGEVGGNXQNVCLG Ő %KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCUX±NXWNCUFGFTGPCLGOWCNFGN EQPFGPUCFQUKGZKUVGP Ő &GURTGUWTKEGGNEQORTGUQT 2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU )CTVÃC[TGURQPUCDKNKFCFFGNRTQFWEVQ 7VKNKEGÐPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCÇQQCXGTÃCTGUWNVVGFGNWUQFGRKG\CUPQ CWVQTK\CFCUPQGUV±EWDKGTVQRQTNC)CTVÃCPKRQTNC4GURQPUCDKNKFCFFGN2TQFWEVQ ,WGIQUFGUGTXKEKQ UGTXKEGMKVU 5GGPEWGPVTFKURQPKDNGU UGTXKEGMKVU RCTCTGXKUKQPGUQOVGPKOKGPVQRTGXGPVKXQ X¾CUGNC UGEEKÉP,WGIQUFGUGTXKEKQ UGTXKEGMKVU %QPVTCVQUFGUGTXKEKQ #VNCU%QREQQHTGEGXCTKQUVKRQUFGEQPVTCVQUFGUGTXKEKQGXKV±PFQNGCUÃEWCNSWKGTVTCDCLQFG OVGPKOKGPVQRTGXGPVKXQ%QPUWNVGCN%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQ )GPGTCNKFCFGU #NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVÉTKECU[CTFGNCUFGUOQPVCFCU
/WCNFGKPUVTWEEKQPGU
+PVGTXCNQU 'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOVGPKOKGPVQ GURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQUKPVGTXCNQUFGUGTXKEKQGPHWPEKÉPFGNCUEQPFKEKQPGUCODKGPVCNGU [FGVTCDCLQFGNEQORTGUQT .CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODK¾PKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU #EEKQPGUFGUGTXKEKQRCTCEQORTGUQTGUEQPTGIWNCFQT'NGMVTQPKMQP+ #FGO±UFGNCUEQORTQDCEKQPGUFKCTKCU[VTKOGUVTCNGUNCUQRGTCEKQPGUFGUGTXKEKQUGCITWRGP KPVGTXCNQUFGVKGORQ JQTCUFGHWPEKQPCOKGPVQ'NTGIWNCFQTGUV±FQVCFQFGWPVGORQTK\CFQTFGUGTXKEKQ RTQITCOCDNG#RCTGEGT±WPCXKUQFGUGTXKEKQCNCNE\CTGNVGORQTK\CFQTFGUGTXKEKQGNKPVGTXCNQFG VKGORQRTQITCOCFQEQPUWNVGNCUGEEKÉP#XKUQFGUGTXKEKQ'PVCNECUQJC[SWGEQORTQDCTNCUJQTCUFG HWPEKQPCOKGPVQ4GCNKEGNCUQRGTCEKQPGUFGUGTXKEKQSWGEQTTGURQPFGPCNCUJQTCUFGHWPEKQPCOKGPVQ GURGEKHKECFCUGPGNRTQITCOCUKIWKGPVG4GCTOGGNVGORQTK\CFQTFGUGTXKEKQFGURW¾UFGCECDCFQGN UGTXKEKQEQPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ 2TQITCOCFGOVGPKOKGPVQRTGXGPVKXQ )GPGTCNKFCFGU 2GTÃQFQ
1RGTCEKÉP
&KCTKQ
%QORTWGDGGNPKXGNFGNCEGKVG
ŋ
%QORTWGDGNCUKPFKECEKQPGUGPGNFKURNC[
ŋ
%QORTWGDGSWGUGFGUECTICEQPFGPUCFQFWTVGNCECTIC
ŋ
2WTIWGGNEQPFGPUCFQ
ŋ
%QORTWGDGGNKPFKECFQTFGUGTXKEKQFGNQUHKNVTQU&&Z[2&Z UKNQUJWDKGTC
%CFCOGUGU
%QORTWGDGNQUTGHTKIGTCFQTGUNÃORKGNQUGPECUQRTGEKUQ
ŋ
2CTCWPKFCFGU(WNN(GCVWTGEQORTWGDGGNEQPFGPUCFQTFGNUGECFQT[NÃORKGNQUKGU PGEGUCTKQ
ŋ
'ZVTCKICGNGNGOGPVQHKNVTVGFGCKTG.KORKCTEQPEJQTTQFGCKTG[TGXKUCT /±UCOGPWFQUKUGVTCDCLCGPWPCODKGPVGRQNXQTKGPVQ 4GGORNCEGGNGOGPVQUFCÇCFQUQOW[EQPVCOKPCFQU
ŋ
4GGORNCEGGNGNGOGPVQFGHKNVTQFGNEWDÃEWNQ
#PWCNOGPVG
4GGORNCEGNQUHKNVTQU&&Z[2&ZQGPEWVQGNKPFKECFQTFGRTGUKÉPCRWPVGCNC \QPCTQLC
2CTC)#C)# *QTCUFG HWPEKQPCOKGPVQ
1RGTCEKÉP
5KUGWVKNK\C4QVQ(QQFITCFG(NWKFFG#VNCU%QREQECODKGGNCEGKVG
5KUGWVKNK\C4QVQKPLGEV(NWKFFG#VNCU%QREQECODKGGNCEGKVG
4GGORNCEGGNGNGOGPVQHKNVTVGFGCKTG
4GGORNCEGGNGNGOGPVQFGHKNVTQFGNEWDÃEWNQ
.KORKGNQUTGHTKIGTCFQTGU
2CTCWPKFCFGU(WNN(GCVWTGNKORKGGNEQPFGPUCFQTFGNUGECFQT
4GGORNCEGGNHKNVTQ[UGRCTCFQTFGCEGKVG
%QORTWGDGNCUNGEVWTCUFGRTGUKÉP[VGORGTCVWTC
.NGXGCECDQWPCRTWGDCFGNQU.'&FKURNC[
/WCNFGKPUVTWEEKQPGU
*QTCUFG HWPEKQPCOKGPVQ
1RGTCEKÉP
%QORTWGDGRQTUKJC[HWICUFGCKTG
'PWPKFCFGU2CEMGZVTCKICFGUOVGNG[NKORKGNCX±NXWNCFGHNQVCFQTFGNEQNGEVQT FGEQPFGPUCFQ%QPUWNVGNCUGEEKÉP5KUVGOCFGEQPFGPUCFQ
2TWGDGNCHWPEKÉPFGRCTCFCFGVGORGTCVWTC
2TWGDGNCUX±NXWNCUFGUGIWTKFCF
5KUGWVKNK\C4QVQ:VGPF&WV[(NWKFFG#VNCU%QREQECODKGGNCEGKVG
+ORQTVVG Ő %QPUWNVGUKGORTGC#VNCU%QREQRCTCOQFKHKECTGNCLWUVGFGWPVGORQTK\CFQT Ő 2CTCEQPQEGTGNKPVGTXCNQFGECODKQFGCEGKVG[HKNVTQFGCEGKVGGPEQPFKEKQPGU GZVTGOCUFGVGORGTCVWTCJWOGFCFQCKTGFGTGHTKIGTCEKÉPEQPUWNVGC#VNCU %QREQ Ő &GDGTGRCTCTEWCNSWKGTHWICKPOGFKCVCOGPVG*C[SWGUWUVKVWKTVWDGTÃCUQLWPVCU HNGZKDNGUFCÇCFCU
/QVQTFGCEEKQPCOKGPVQ
2CTC)#C)# .QUEQLKPGVGUFGNOQVQTGUV±PNWDTKECFQUFGRQTXKFC
'URGEKHKECEKQPGUFGNCEGKVG
0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU 2CTCCUGIWTCTWPCDWGPCECNKFCFFGNCEGKVGFTGPGGNEQORTGUQTGPVQFQUNQURWPVQU FGFTGPCLG.QUCEGKVGUWUCFQUSWGUGFGLGPGNEQORTGUQTRWGFGPEQPVCOKPCTGN UKUVGOCFGCEGKVG
5GTGEQOKGPFCOW[GPECTGEKFCOGPVGWVKNK\CT#VNCU%QREQ(NWKF EQPUWNVGNCUGEEKÉP2TQITCOCFG OVGPKOKGPVQRTGXGPVKXQ #VNCU%QREQ4QVQ+PLGEV(NWKF #EGKVGRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFGOQVQTFG8 #VNCU%QREQ4QVQ+PLGEV(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQPKP[GEEKÉP FGCEGKVGSWGOVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ4QVQ+PLGEV(NWKFRWGFGWVKNK\CTUGRCTC EQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu% u([u% u(
EQPUWNVGNCUGEEKÉP,WGIQUFGUGTXKEKQ
/WCNFGKPUVTWEEKQPGU
#VNCU%QREQ4QVQ:VGPF&WV[(NWKF #EGKVGRCTCWPKFCFGU%5#7.[,20GZEGRVQRCTCWPKFCFGUEQPWPXQNVCLGFGOQVQTFG8 #EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKÉPRCTCWPKFCFGU+'%[WPKFCFGU%5#7.EQPWPXQNVCLGFG OQVQTFG8 #VNCU%QREQ4QVQ:VGPF&WV[(NWKFGUWPCEGKVGGURGEKCNRCTCEQORTGUQTGUFGGURKTCN[VQTPKNNQEQP KP[GEEKÉPFGCEGKVGSWGOVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ#VNCU%QREQ4QVQ:VGPF&WV[(NWKF RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu% u([ u% u( EQPUWNVGNCUGEEKÉP,WGIQUFGUGTXKEKQ #VNCU%QREQ4QVQ(QQFITCFG(NWKF #EGKVGGURGEKCNUWOKPKUVTCFQEQOQQREKÉP #VNCU%QREQ4QVQ(QQFITCFG(NWKFGUWPNWDTKEVGUKPV¾VKEQFGCNVCECNKFCFGZENWUKXQETGCFQ GURGEKCNOGPVGRCTCEQORTGUQTGUFGVQTPKNNQEQPKP[GEEKÉPFGCEGKVGSWGUWOKPKUVTCKTGRCTCNCKPFWUVTKC FGCNKOGPVCEKÉP'UVGNWDTKEVGOVKGPGGNEQORTGUQTGPRGTHGEVQGUVCFQ'NCEGKVG4QVQ(QQFITCFG RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCWPCVGORGTCVWTCCODKGPVGFGGPVTGu% u([ u% u( EQPUWNVGNCUGEEKÉP,WGIQUFGUGTXKEKQ 1DUGTXCEKÉP 'NFGRÉUKVQFGCKTGVSWGFGCEGKVGNNGXCWPCGVKSWGVCSWGKPFKECGNVKRQFGCEGKVG NNGPCFQGPH±DTKEC
%CODKQFGCEGKVG[HKNVTQUFGCEGKVG
#XKUQ 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
/WCNFGKPUVTWEEKQPGU
2TQEGFKOKGPVQ
%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#
*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNOQVQTFGURW¾UFGOKPWVQUFG HWPEKQPCOKGPVQGPFGUECTIC%KGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTG WPQUEWVQUOKPWVQU[FGURTGUWTKEGFGUCVQTPKNNFQGNVCRÉPFGTGNNGPQFGCEGKVG (%PQ O±USWGWPCUQNCXWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKÉPSWGRWFKGTCJCDGTGPGN UKUVGOC #DTCVCODK¾PNQUFKURQUKVKXQUFGFTGPCLGOWCNFGNEQPFGPUCFQ UKNQUJWDKGTC
'ZVTCKICGNVCRÉPFGFTGPCLGFGCEGKVG &25CSWGGNCEGKVGCDTKGPFQNCX±NXWNC 8F3WKVG VCODK¾PGNVCRÉPFGFTGPCLGFGNVWDQHNGZKDNG UKVWCFQLWPVQCNGNGOGPVQ[GNVCRÉPFG XGPVKNCEKÉPFGNTGHTKIGTCFQTFGCEGKVG%KGTTGNCX±NXWNC[XWGNXCCKPUVCNCTNQUVCRQPGUFGURW¾U FGNFTGPCLG
4GEQLCGNCEGKVGGPWPTGEKRKGPVG[GPVT¾IWGNQCNUGTXKEKQFGTGEQIKFCFGCEGKVG4GKPUVCNG[ CRTKGVGNQUVCRQPGUFGFTGPCLG[XGPVKNCEKÉPFGURW¾UFGNFTGPCLG
'ZVTCKICGNHKNVTQFGCEGKVG 1(.KORKGGNCUKGPVQFGNFKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVC FGNPWGXQHKNVTQ[CVQTPÃNNGNQGPUWUKVKQ#RTKGVGHKTOGOGPVGCOQ
'ZVTCKICGNVCRÉPFGNNGPCFQ (% 'POQFGNQU)#C)#KPVTQFW\ECWPEQFQGPGNVCRÉPFGNNGPCFQ (%RCTCHCEKNKVCTGN NNGPCFQ.NGPGGNFGRÉUKVQFGCEGKVG 16EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCNOGFKQFGNC OKTKNNC )+ %WKFGFGSWGPQECKICUWEKGFCFGPGNUKUVGOC4GKPUVCNG[CRTKGVGGNVCRÉPFGNNGPCFQ (%
*CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTGWPQU OKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
&GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNFQGNVCRÉPFGNNGPCFQ (%WPCUQNCXWGNVCRCTCRGTOKVKT SWGUGGUECRGNCRTGUKÉPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRÉP 'P)#C)#TGNNGPGGNFGRÉUKVQFGCEGKVGJCUVCSWGNCOKTKNNC )+UGGPEWGPVTGNNGPCGP UWURCTVGU #RTKGVGGNVCRÉPFGNNGPCFQ
4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ Ő 2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+X¾CUGNCUGEEKÉP+PXQECEKÉP FGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
/WCNFGKPUVTWEEKQPGU
%CODKQFGNUGRCTCFQTFGCEGKVG
#XKUQ 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
2TQEGFKOKGPVQ
%QORQPGPVGUFGNUKUVGOCFGCEGKVGFG)#C)#
*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGUGECNKGPVG2CTGGNEQORTGUQTEKGTTGNC X±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'URGTGWPQUEWVQUOKPWVQU[ FGURTGUWTKEGFGUCVQTPKNNFQGNVCRÉPFGTGNNGPQFGCEGKVG (%PQO±USWGWPCUQNC XWGNVCRCTCRGTOKVKTSWGUGGUECRGEWCNSWKGTRTGUKÉPSWGRWFKGTCJCDGTGPGN UKUVGOC
'URGTGOKPWVQU[GZVTCKICGNUGRCTCFQTFGCEGKVG 15.KORKGGNCUKGPVQFGN FKUVTKDWKFQT.WDTKSWGEQPCEGKVGNCLWPVCFGNPWGXQUGRCTCFQT[CVQTPÃNNGNQGPUW UKVKQ#RTKGVGHKTOGOGPVGCOQ
*CICHWPEKQPCTGNEQORTGUQTGPECTICWPQUOKPWVQU2CTGGNEQORTGUQT[GURGTG WPQUOKPWVQUCHKPFGRGTOKVKTSWGUGTGRQUGGNCEGKVG
&GURTGUWTKEGGNUKUVGOCFGUCVQTPKNNFQGNVCRÉPFGNNGPCFQ (%WPCUQNCXWGNVCRCTC RGTOKVKTSWGUGGUECRGNCRTGUKÉPSWGRWFKGTCJCDGTGPGNUKUVGOC'ZVTCKICGNVCRÉP 4GNNGPGGNFGRÉUKVQFGCEGKVGJCUVCSWGNCOKTKNNC )NUGGPEWGPVTGNNGPCGPUWU RCTVGU #RTKGVGGNVCRÉPFGNNGPCFQ
4GUVCDNG\ECGNVGORQTK\CFQTFGUGTXKEKQ Ő 2CTCEQORTGUQTGUGSWKRCFQUEQPWPTGIWNCFQT'NGMVTQPKMQP+X¾CUGNCUGEEKÉP +PXQECEKÉPFGTGCTOGFGVGORQTK\CFQTFGUGTXKEKQ
/WCNFGKPUVTWEEKQPGU
#NOCEGPCOKGPVQFGURW¾UFGNCKPUVCNCEKÉP
2TQEGFKOKGPVQ 2QPICGPOCTEJCGNEQORTGUQTRQTGLGORNQFQUXGEGUCNCUGOCJCUVCSWGUGECNKGPVG%CTIWG[ FGUECTIWGGNEQORTGUQTWPCUEWVCUXGEGU 5KGNEQORTGUQTUGXCCCNOCEGPCTUKPHWPEKQPCTFGXG\GPEWFQVQOGNCUOGFKFCU FGRTQVGEEKÉPSWGEQTTGURQPF%QPUWNVGC#VNCU%QREQ
,WGIQUFGUGTXKEKQ UGTXKEGMKVU
&GUETKREKÉP 5GGPEWGPVTFKURQPKDNGULWGIQUFGUGTXKEKQ UGTXKEGMKVU SWGNGQHTGEGPNQUDGPGHKEKQUFGNCURCTVGU QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOVKGPGPDCLQUWRTGUWRWGUVQFGOVGPKOKGPVQ.QU LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ 5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG 5GTXKEGMKV RCTCHKNVTQUFGCEGKVG[HKNVTQUFGCKTG
0ÐOGTQFGRGFKFQ
)#C)#RCTCJQTCUFG HWPEKQPCOKGPVQ HKNVTQU[UGRCTCFQTFGCEGKVG
2CTC)#C)#GNGOGPVQFGNHKNVTQFGN EWDÃEWNQ
,WGIQUFGUGTXKEKQ UGTXKEGMKVU)#C)# ,WGIQUFGUGTXKEKQ UGTXKEGMKVU
0ÐOGTQFGRGFKFQ
8±NXWNCFGRTGUKÉPOÃPKOCRCTCEQORTGUQTGUFG DCTDCTRUKRUK[RUK
8±NXWNCFGRTGUKÉPOÃPKOCRCTCEQORTGUQTGUFG DCT[RUK
'SWKRQFGHNQVCFQT
'SWKRQFGHKNVTQ2&:
-KVFGHKNVTQ&&:
#VNCU%QREQ4QVQ+PLGEV(NWKF %QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG 0ÐOGTQFGRGFKFQ
.CVCFGNKVTQU 75ICN+ORICN
.CVCFGNKVTQU 75ICN+ORICN
$CTTKNFGNKVTQU 75ICN+ORICN
/WCNFGKPUVTWEEKQPGU
#VNCU%QREQ4QVQ:VGPF&WV[(NWKF %QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG 0ÐOGTQFGRGFKFQ .CVCFGNKVTQU 75ICN+ORICN
.CVCFGNKVTQU 75ICN+ORICN
$CTTKNFGNKVTQU 75ICN+ORICN
#VNCU%QREQ4QVQ(QQFITCFG(NWKF %QPUWNVGVCODK¾PNCUGEEKÉP'URGEKHKECEKÉPFGCEGKVG 0ÐOGTQFGRGFKFQ .CVCFGNKVTQU 75ICN+ORICN
$CTTKNFGNKVTQU 75ICN+ORICN
/WCNFGKPUVTWEEKQPGU
#LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ
(KNVTQFGCKTG
7DKECEKÉPFGNHKNVTQFGCKTG
(KNVTQFGCKTG)#C)# 4GEQOGPFCEKQPGU 0QGZVTCKICPWPECGNGNGOGPVQEQPGNEQORTGUQTGPOCTEJC 2CTCTGFWEKTCNOÃPKOQGNVKGORQFGRCTCFCFGNEQORTGUQTECODKGGNGNGOGPVQUWEKQRQTQVTQPWGXQ &GUGEJGEWCNSWKGTGNGOGPVQSWGGUV¾FCÇCFQ 2TQEGFKOKGPVQ 2CTGGNEQORTGUQT&GUEQPGEVGGNXQNVCLG 'PWPKFCFGU2CEMGZVTCKICGNRGNNCVGTCN 'PWPKFCFGU(WNN(GCVWTGGZVTCKICGNRGNHTQPVCN 3WKVGGNEQPLWPVQFGNHKNVTQFGCKTG 'ZVTCKICNCVCRCFGNHKNVTQFGCKTG #(IKT±PFQNCGPUGPVKFQQRWGUVQCNCUCIWLCUFGWPTGNQL'ZVTCKIC GNGNGOGPVQHKNVTVG5KGURTGEKUQNKORKGNCEWDKGTVC +PUVCNGGNPWGXQGNGOGPVQ[NCEWDKGTVC 4GCTOGGNCXKUQFGUGTXKEKQFGNHKNVTQFGCKTG %QPUWNVGNCUGEEKÉP+PXQECEKÉPTGCTOGFGVGORQTK\CFQTFGUGTXKEKQRCTCTGCTOCTGNOGPUCLGFG UGTXKEKQGPTGIWNCFQTGU'NGMVTQPKMQP+
4GHTKIGTCFQTGU
.KORKG\C /VGPICNKORKQUNQUTGHTKIGTCFQTGURCTCTGVGPGTNCGHKEKGPEKCFGTGHTKIGTCEKÉP 'PEQORTGUQTGUTGHTKIGTCFQURQTCKTG
/WCNFGKPUVTWEEKQPGU
Ő 2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG Ő %WDTCVQFCUNCURKG\CUFGDCLQFGNQUTGHTKIGTCFQTGU Ő 'ZVTCKICVQFQGNRQNXQFGNQUTGHTKIGTCFQTGUEQPWPEGRKNNQFGEGTFCU0QGORNGGPWPECWPEGRKNNQFG CNCODTGUPKQDLGVQUOGV±NKEQU Ő 5GIWKFCOGPVGUQRNGEQPCKTGEQORTKOKFQGPUGPVKFQQRWGUVQCNHNWLQPQTOCN Ő 5KGURTGEKUQSWGUGNKORKGPNQUTGHTKIGTCFQTGUEQPC[WFCFGWPFGVGTIGPVGEQPUWNVGC#VNCU%QREQ 0WPECWUGWPFKURQUKVKXQNKORKCFQTFGCIWCCCNVCRTGUKÉPRCTCNKORKCTGNEQORTGUQT
8±NXWNCUFGUGIWTKFCF
2QUKEKÉPFGX±NXWNCFGUGIWTKFCF
)#C)#
&GRÉUKVQFGCKTGEQPX±NXWNCFGUGIWTKFCFGPWPKFCFGUOQPVCFCUGPFGRÉUKVQ #EEKQPCOKGPVQ #EEKQPGNCX±NXWNCFGUGIWTKFCFFGUCVQTPKNNFQNCVCRCWPCQFQUXWGNVCU[CVQTPKNN±PFQNCFGPWGXQ 2TWGDC #PVGUFGSWKVCTNCX±NXWNCFGUGIWTKFCFFGURTGUWTKEGGNEQORTGUQT
/WCNFGKPUVTWEEKQPGU
%QPUWNVGNCUGEEKÉP5QNWEKÉPFGRTQDNGOCU .CX±NXWNC 58RWGFGRTQDCTUGGPWPCNÃPGCFGCKTGEQORTKOKFQUGRCTCFC5KPQUGCDTGNCX±NXWNCCNC RTGUKÉPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU%QREQ .CX±NXWNC 58UGKPUVCNCGPXGTUKQPGUGPFGRÉUKVQ.CX±NXWNCRWGFGRTQDCTUGGPWPCNÃPGCFGCKTG EQORTKOKFQUGRCTCFC5KPQUGCDTGNCX±NXWNCCNCRTGUKÉPGUVCORCFCGPNCOKUOCEQPUWNVGC#VNCU %QREQ #XKUQ 0QUGRGTOKVGPKPIÐPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPNCX±NXWNCFGUGIWTKFCF
/WCNFGKPUVTWEEKQPGU
5QNWEKÉPFGRTQDNGOCU
5QNWEKÉPFGRTQDNGOCU
#XKUQ #PVGUFGGORG\CTGNVTCDCLQFGOVGPKOKGPVQQTGRCTCEKÉPUQDTGGNEQORTGUQT RWNUGGNDQVÉPFGRCTCFCGURGTGJCUVCSWGUGRCTGGNEQORTGUQT CRTQZ UGIWPFQURWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKC[FGUEQPGEVGGNXQNVCLG%KGTTGNC X±NXWNCFGUCNKFCFGCKTGCDTCGNFKURQUKVKXQFGFTGPCLGOWCN &OGPWPKFCFGU 2CEM[CFGO±UCDTCGNRWPVQFGFTGPCLGOWCNFGEQPFGPUCFQ &OGPWPKFCFGU OQPVCFCUGPFGRÉUKVQ&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉPFGNNGPCFQFG CEGKVG (%WPCXWGNVC 2CTCKPHQTOCTUGUQDTGGNGORNC\COKGPVQFGNQUEQORQPGPVGUEQPUWNVGNCU UGEEKQPGU Ő +PVTQFWEEKÉP Ő 5KUVGOCFGEQPFGPUCFQ Ő #TTSWGKPKEKCN #DTC[DNQSWGGGNKPVGTTWRVQTUGRCTCFQT .CX±NXWNCFGUCNKFCFGCKTGRWGFGUGTDNQSWGCFCFWTVGGNOVGPKOKGPVQQ TGRCTCEKQPGUFGNCOGTCUKIWKGPVG Ő %KGTTGNCX±NXWNC Ő 'ZVTCKICGNVQTPKNNQSWGUWLGVCGNOIQEQPNCNNCXGSWGUGGPVTGICEQPGN EQORTGUQT Ő .GXVGGNOIQ[IÃTGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC X±NXWNCGPECLGGPNCTWTCFGNOIQ Ő +PUVCNGGNVQTPKNNQ 'NQRGTCFQTFGDGQDUGTXCTVQFCUNCU2TGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU (CNNQU[UQNWEKQPGU 'PEQORTGUQTGUFQVCFQUFGNTGIWNCFQT'NGMVTQPKMQP+UKGN.'&FGCNCTOCGUV±GPEGPFKFQQRCTRCFGC EQPUWNVGNCUGEEKÉP#XKUQFGRCTCFCFGCNCTOC
%QPFKEKÉP
(CNNQ
5QNWEKÉP
'NEQORTGUQTUGRQPGGP #XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC OCTEJCRGTQPQECTICFGURW¾U FGWPRGTÃQFQFGTGVTCUQ 8±NXWNCFGGPVTCFCRGICFCGP RQUKEKÉPEGTTCFC
*CICSWGUGEQORTWGDGNC X±NXWNC
(WICGPVWDQUHNGZKDNGUFGCKTG FGEQPVTQN
4GGORNCEGGNVWDQHNGZKDNG EQPNCHWIC
(WICGPX±NXWNCFGRTGUKÉP OÃPKOC EWFQNCTGFFGCKTG GUV±FGURTGUWTK\CFC
*CICSWGUGEQORTWGDGNC X±NXWNC
/WCNFGKPUVTWEEKQPGU
%QPFKEKÉP
(CNNQ
'NEQORTGUQTPQFGUECTICNC X±NXWNCFGUGIWTKFCFFKURCTC
#XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
%QPFKEKÉP
5QNWEKÉP
.CX±NXWNCFGGPVTCFCPQEKGTTC
*CICSWGUGEQORTWGDGNC X±NXWNC
(CNNQ
5QNWEKÉP
'NUGRCTCFQTFGEQPFGPUCFQPQ 6WDQHNGZKDNGFGFGUECTIC FGUECTICEQPFGPUCFQFWTVG CVCUECFQ NCECTIC
%QORTWGDG[TGRCTGUGIÐP UGCPGEGUCTKQ
'PWPKFCFGU2CEMNCX±NXWNCFG 'ZVTCKICGNEQPLWPVQFGNC HNQVCFQTHWPEKQPCOCN X±NXWNCFGHNQVCFQTNKORKG[ EQORTW¾DGNQ
%QPFKEKÉP
'PWPKFCFGU(WNN(GCVWTGGN FKURQUKVKXQGNGEVTÉPKEQFG FTGPCLGHWPEKQPCOCN
2WNUGGNDQVÉPFGRTWGDC TGGORN±EGNQUKGUPGEGUCTKQ
(CNNQ
5QNWEKÉP
.CUCNKFCFGCKTGFGNEQORTGUQT 'NEQPUWOQFGCKTGGZEGFGGN QNCRTGUKÉPGUKPHGTKQTCNQ UWOKPKUVTQFGNEQORTGUQT PQTOCN
%QORTWGDGGNGSWKRQ EQPGEVCFQ
'NGOGPVQHKNVTVGCKTGQDUVTWKFQ %CODKGGNGNGOGPVQHKNVTVG #XGTKCFCNCX±NXWNCFGUQNGPQKFG 4GGORNCEGNCX±NXWNC
%QPFKEKÉP
(WICGPVWDQUHNGZKDNGUFGCKTG FGEQPVTQN
4GGORNCEGNQUVWDQU HNGZKDNGUEQPHWICU
.CX±NXWNCFGGPVTCFCPQUG CDTGEQORNGVCOGPVG
*CICSWGUGEQORTWGDGNC X±NXWNC
5GRCTCFQTFGCEGKVGQDUVTWKFQ
4GGORNCEGGNUGRCTCFQTFG CEGKVG
(WICUFGCKTG
*CICSWGTGRCTGPNCUHWICU
.CX±NXWNCFGUGIWTKFCFVKGPG HWICU
5WUVKVW[CNCX±NXWNC
#XGTKCFQGNGNGOGPVQ EQORTGUQT
%QPUWNVGC#VNCU%QREQ
(CNNQ
5QNWEKÉP
%QPUWOQGZEGUKXQFGCEGKVG #EGKVGKPEQTTGEVQRTQFWEG CTTCUVTGFGCEGKVGRQTNCNÃPGCFG GURWOC FGUECTIC
%CODKGCCEGKVGEQTTGEVQ
&GHGEVWQUQGNUGRCTCFQTFG CEGKVG
%QORTWGDGGNUGRCTCFQT 4GGORNCEGUKGUPGEGUCTKQ
/CNHWPEKQPCOKGPVQFGNCNÃPGC FGDCTTKFQ
4GGORNCEGNCX±NXWNC VKTTGVQTPQFGNCNÃPGCFG DCTTKFQ
/WCNFGKPUVTWEEKQPGU
%QPFKEKÉP
(CNNQ
5QNWEKÉP
.CX±NXWNCFGUGIWTKFCFFKURCTC #XGTÃCFGNCX±NXWNCFGGPVTCFC FGURW¾UFGECTICT
*CICSWGUGEQORTWGDGNC X±NXWNC
#XGTÃCFGNCX±NXWNCFGRTGUKÉP OÃPKOC
*CICSWGUGEQORTWGDGNC X±NXWNC
#XGTKCFCNCX±NXWNCFG UGIWTKFCF
5WUVKVW[CNCX±NXWNC
#XGTKCFQGNGNGOGPVQ EQORTGUQT
%QPUWNVGC#VNCU%QREQ
#VCUECFQGNGNGOGPVQUGRCTCFQT 4GGORNCEGGNUGRCTCFQTFG FGCEGKVG CEGKVG
%QPFKEKÉP
(CNNQ
5QNWEKÉP
6GORGTCVWTCFGUCNKFCFGN GNGOGPVQEQORTGUQTQFGNCKTG FGUWOKPKUVTQUWRGTKQTCNQ PQTOCN
0KXGNFGCEGKVGFGOCUKCFQDCLQ
%QORTWGDG[EQTTKLC
'PEQORTGUQTGUTGHTKIGTCFQU RQTCKTGCKTGFGTGHTKIGTCEKÉP KPUWHKEKGPVGQFGOCUKCFQCNVCNC VGORGTCVWTCFGNOKUOQ
$WUSWGNCTGUVTKEEKÉPFGNCKTG FGTGHTKIGTCEKÉPQOGLQTGNC XGPVKNCEKÉPFGNCUCNC'XKVG NCTGEKTEWNCEKÉPFGNCKTGFG TGHTKIGTCEKÉP5KUGJCNNC KPUVCNCFQWPXGPVKNCFQTGPNC UCNCFGNEQORTGUQT EQORTWGDGUWECRCEKFCF
#VCUECFQGNTGHTKIGTCFQTFG CEGKVG
.KORKGGNTGHTKIGTCFQT
/CNHWPEKQPCOKGPVQFGNC X±NXWNCFGFGTKXCEKÉP
*CICSWGUGRTWGDGNC X±NXWNC
4GHTKIGTCFQTFGCKTGQDVWTCFQ
.KORKGGNTGHTKIGTCFQT
#XGTKCFQGNGNGOGPVQ EQORTGUQT
%QPUWNVGCN%GPVTQFG 5GTXKEKQC%NKGPVGUFG#VNCU %QREQ
/WCNFGKPUVTWEEKQPGU
&CVQUV¾EPKEQU
+PFKECEKQPGUGPGNFKURNC[
&KURNC[FGNTGIWNCFQT'NGMVTQPKMQP
4GIWNCFQT'NGMVTQPKMQP+ +ORQTVVG .CUNGEVWTCUOGPEKQPCFCUVGTKQTOGPVGUQPX±NKFCUDCLQNCUEQPFKEKQPGUFG TGHGTGPEKC X¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU
4GHGTGPEKC
.GEVWTC
2TGUKÉPFGUCNKFCFG CKTG
(NWEVÐCGPVTGNCURTGUKQPGUFGFGUECTIC[ECTICRTQITCOCFCU
6GORGTCVWTCFGUCNKFC 2CTC)#C)#u% u(UQDTGNCVGORGTCVWTCFGNCKTGFG FGNGNGOGPVQ TGHTKIGTCEKÉP EQORTGUQT 6GORGTCVWTCFGNRWPVQ 2CTC)#C)#EQPUWNVGNCUGEEKÉP&CVQUFGNEQORTGUQTRCTC)#C FGTQEÃQ )#
6COCÇQFGECDNGUGN¾EVTKEQU
#VGPEKÉP .CUTGINCUNQECNGUUKIWGPGPXKIQTUKUQPO±UGUVTKEVCUSWGNQUXCNQTGURTQRWGUVQU CDCLQ .CECÃFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN2WGFGSWGUGC PGEGUCTKQWVKNK\CTECDNGUFGVCOCÇQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP GUVCGZKIGPEKC
/WCNFGKPUVTWEEKQPGU
6COCÇQFGECDNGU )#
)#
)#
(TGEWGPEKC *\
8QNVCLG
8
6COCÇQFG ECDNGU
6COCÇQFG ECDNGU
6COCÇQFG ECDNGU
+'%
'UVTGNNCVTK±PIWNQ
OO
OO
OO
%5#7.
'UVTGNNCVTK±PIWNQ
#9)
#9)
#9)
#LWUVGUFGTGN¾FGUQDTGECTIC[HWUKDNGU
4GN¾FGUQDTGECTIC[HWUKDNGU )#
)#
)#
4GN¾FG 4GN¾FG (WUKDNGU UQDTGECTIC RTKPEKRCNGU UQDTGECTIC ( # UWOKPKUVTQ ( # FGN EQORTGUQT
#
)#
)#
)#
4GN¾FG (WUKDNGU RTKPEKRCNGU UQDTGECTIC UWOKPKUVTQ ( # FGN EQORTGUQT
#
(WUKDNGU RTKPEKRCNGU UWOKPKUVTQ FGN EQORTGUQT
#
I.I)
I.I)
(TGEWGPEK C *\
8QNVCLG
8
+'%
'UVTGNNC VTK±PIWNQ
%5#7.
'UVTGNNC VTK±PIWNQ
I.I)
%5#7.
%5#7.
%5#7.
/WCNFGKPUVTWEEKQPGU
+PVGTTWRVQTGUFGNUGECFQT +(&
)GPGTCNKFCFGU .QUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFGUV±PCLWUVCFQUGPH±DTKECRCTCQDVGPGTGNO±ZKOQ TGPFKOKGPVQFGNUGECFQT 5GRTQJÃDGCNVGTCTGNCLWUVGFGFKEJQUFKURQUKVKXQU
%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU
%QPFKEKQPGUFGTGHGTGPEKC 2TGUKÉP CDUQNWVCFGGPVTCFCFGCKTG
DCT
2TGUKÉP CDUQNWVCFGGPVTCFCFGCKTG
RUK
6GORGTCVWTCFGGPVTCFCFGCKTG
u%
6GORGTCVWTCFGGPVTCFCFGCKTG
u(
*WOGFCFTGNCVKXC
2TGUKÉPFGVTCDCLQRCTC)#CN)#
%QPUWNVGNCUGEEKÉP&CVQUFGN EQORTGUQTRCTC)#C)#
2TGUKÉPO±ZKOCFGVTCDCLQRCTC)#CN)#
%QPUWNVGNCUGEEKÉP&CVQUFGN EQORTGUQTRCTC)#C)#
.ÃOKVGU
2TGUKÉPOÃPKOCFGVTCDCLQ
DCT G
2TGUKÉPOÃPKOCFGVTCDCLQ
RUKI
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG
u%
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG
u(
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG
u%
6GORGTCVWTCOÃPKOCFGGPVTCFCFGCKTG
u(
&CVQUFGNEQORTGUQTRCTC)#C)#
%QPFKEKQPGUFGTGHGTGPEKC 6QFQUNQUFCVQUGURGEKHKECFQUCEQPVKPWCEKÉPUGCRNKEDCLQEQPFKEKQPGUFG TGHGTGPEKCX¾CUGNCUGEEKÉP%QPFKEKQPGUFGTGHGTGPEKC[NÃOKVGU
/WCNFGKPUVTWEEKQPGU
)# 7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
*\
2TGUKÉPO±ZKOC FG DCT G FGUECTIC
2TGUKÉPO±ZKOC FG RUKI FGUECTIC
2TGUKÉPO±ZKOC FG DCT G FGUECTIC WPKFCFGU(WNN (GCVWTG
2TGUKÉPO±ZKOC FG RUKI FGUECTIC WPKFCFGU(WNN (GCVWTG
2TGUKÉPFGVTCDCLQ PQOKPCN
DCT G
2TGUKÉPFGVTCDCLQ PQOKPCN
RUKI
%CÃFCFGRTGUKÉP UQDTGGNUGECFQT WPKFCFGU(WNN (GCVWTG
DCT G
%CÃFCFGRTGUKÉP UQDTGGNUGECFQT WPKFCFGU(WNN (GCVWTG
RUKI
8GNQEKFCFFGNGLG FGNOQVQT
TOKP
2WPVQFGCLWUVG X±NXWNC VGTOQUV±VKEC
u%
2WPVQFGCLWUVG X±NXWNC VGTOQUV±VKEC
u(
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZ
u%
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZ
u(
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZWPKFCFGU (WNN(GCVWTG
u%
(TGEWGPEKC
/WCNFGKPUVTWEEKQPGU
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZWPKFCFGU (WNN(GCVWTG
u(
2WPVQFGTQEÃQC RTGUKÉPWPKFCFGU (WNN(GCVWTG
u%
2WPVQFGTQEÃQC RTGUKÉPWPKFCFGU (WNN(GCVWTG
u(
2QVGPEKC CNKOGPVCFC2CEM
M9
2QVGPEKC CNKOGPVCFC2CEM
JR
2QVGPEKC CNKOGPVCFC(WNN (GCVWTG
M9
2QVGPEKC CNKOGPVCFC(WNN (GCVWTG
JR
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
M9
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
JR
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
M9
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
JR
4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG TGHTKIGTVG WPKFCFGU(WNN (GCVWTG %VKFCFVQVCN
TGHTKIGTVG WPKFCFGU(WNN (GCVWTG
MI
/WCNFGKPUVTWEEKQPGU
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
%VKFCFVQVCN
TGHTKIGTVG WPKFCFGU(WNN (GCVWTG
ND
%CRCEKFCFFG CEGKVG
N
%CRCEKFCFFG CEGKVG
75ICN
%CRCEKFCFFG CEGKVG
+ORICN
%CRCEKFCFFG CEGKVG
EWHV
0KXGNFGRTGUKÉP CEÐUVKEC2CEM[ (WNN(GCVWTG
EQPHQTOGC+51
F$ #
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
*\
2TGUKÉPO±ZKOC FG DCT G FGUECTIC
2TGUKÉPO±ZKOC FG RUKI FGUECTIC
2TGUKÉPO±ZKOC FG DCT G FGUECTIC WPKFCFGU(WNN (GCVWTG
2TGUKÉPO±ZKOC FG RUKI FGUECTIC WPKFCFGU(WNN (GCVWTG
2TGUKÉPFGVTCDCLQ PQOKPCN
DCT G
2TGUKÉPFGVTCDCLQ PQOKPCN
RUKI
%CÃFCFGRTGUKÉP UQDTGGNUGECFQT WPKFCFGU(WNN (GCVWTG
DCT G
%CÃFCFGRTGUKÉP UQDTGGNUGECFQT WPKFCFGU(WNN (GCVWTG
RUKI
)#
(TGEWGPEKC
/WCNFGKPUVTWEEKQPGU
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
8GNQEKFCFFGNGLG FGNOQVQT
TOKP
2WPVQFGCLWUVG X±NXWNC VGTOQUV±VKEC
u%
2WPVQFGCLWUVG X±NXWNC VGTOQUV±VKEC
u(
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZ
u%
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZ
u(
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZWPKFCFGU (WNN(GCVWTG
u%
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZWPKFCFGU (WNN(GCVWTG
u(
2WPVQFGTQEÃQC RTGUKÉPWPKFCFGU (WNN(GCVWTG
u%
2WPVQFGTQEÃQC RTGUKÉPWPKFCFGU (WNN(GCVWTG
u(
2QVGPEKC CNKOGPVCFC2CEM
M9
2QVGPEKC CNKOGPVCFC2CEM
JR
2QVGPEKC CNKOGPVCFC(WNN (GCVWTG
M9
2QVGPEKC CNKOGPVCFC(WNN (GCVWTG
JR
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
M9
/WCNFGKPUVTWEEKQPGU
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
JR
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
M9
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
JR
4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG TGHTKIGTVG WPKFCFGU(WNN (GCVWTG %VKFCFVQVCN
TGHTKIGTVG WPKFCFGU(WNN (GCVWTG
MI
%VKFCFVQVCN
TGHTKIGTVG WPKFCFGU(WNN (GCVWTG
ND
%CRCEKFCFFG CEGKVG
N
%CRCEKFCFFG CEGKVG
75ICN
%CRCEKFCFFG CEGKVG
+ORICN
%CRCEKFCFFG CEGKVG
EWHV
0KXGNFGRTGUKÉP CEÐUVKEC2CEM[ (WNN(GCVWTG
EQPHQTOGC+51
F$ #
/WCNFGKPUVTWEEKQPGU
)# 7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
*\
2TGUKÉPO±ZKOC FG DCT G FGUECTIC
2TGUKÉPO±ZKOC FG RUKI FGUECTIC
2TGUKÉPO±ZKOC FG DCT G FGUECTIC WPKFCFGU(WNN (GCVWTG
2TGUKÉPO±ZKOC FG RUKI FGUECTIC WPKFCFGU(WNN (GCVWTG
2TGUKÉPFGVTCDCLQ PQOKPCN
DCT G
2TGUKÉPFGVTCDCLQ PQOKPCN
RUKI
%CÃFCFGRTGUKÉP UQDTGGNUGECFQT WPKFCFGU(WNN (GCVWTG
DCT G
%CÃFCFGRTGUKÉP UQDTGGNUGECFQT WPKFCFGU(WNN (GCVWTG
RUKI
8GNQEKFCFFGNGLG FGNOQVQT
TOKP
2WPVQFGCLWUVG X±NXWNC VGTOQUV±VKEC
u%
2WPVQFGCLWUVG X±NXWNC VGTOQUV±VKEC
u(
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZ
u%
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZ
u(
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZWPKFCFGU (WNN(GCVWTG
u%
(TGEWGPEKC
/WCNFGKPUVTWEEKQPGU
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
6GORGTCVWTCFGN CKTGSWGUCNGFGNC X±NXWNCFGUCNKFC
CRTQZWPKFCFGU (WNN(GCVWTG
u(
2WPVQFGTQEÃQC RTGUKÉPWPKFCFGU (WNN(GCVWTG
u%
2WPVQFGTQEÃQC RTGUKÉPWPKFCFGU (WNN(GCVWTG
u(
2QVGPEKC CNKOGPVCFC2CEM
M9
2QVGPEKC CNKOGPVCFC2CEM
JR
2QVGPEKC CNKOGPVCFC(WNN (GCVWTG
M9
2QVGPEKC CNKOGPVCFC(WNN (GCVWTG
JR
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
M9
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
JR
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
M9
%QPUWOQFG GPGTIÃC UGECFQTC RNGPCECTIC WPKFCFGU(WNN (GCVWTG
JR
4C
4C
4C
4C
4C
4C
4C
4C
6KRQFG TGHTKIGTVG WPKFCFGU(WNN (GCVWTG %VKFCFVQVCN
TGHTKIGTVG WPKFCFGU(WNN (GCVWTG
MI
/WCNFGKPUVTWEEKQPGU
7PKFCF GU
DCT DCT DCT
DCT
RUK
RUK
RUK
RUK
%VKFCFVQVCN
TGHTKIGTVG WPKFCFGU(WNN (GCVWTG
ND
%CRCEKFCFFG CEGKVG
N
%CRCEKFCFFG CEGKVG
75ICN
%CRCEKFCFFG CEGKVG
+ORICN
%CRCEKFCFFG CEGKVG
EWHV
0KXGNFGRTGUKÉP CEÐUVKEC2CEM[ (WNN(GCVWTG
EQPHQTOGC+51
F$ #
/WCNFGKPUVTWEEKQPGU
+PUVTWEEKQPGURCTCGNWUQFGNFGRÉUKVQFGCKTG
+PUVTWEEKQPGUFGWUQ
+PUVTWEEKQPGU
'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQVGPICGPEWGPVCGNRGNKITQRQVGPEKCN SWGGUVQUWRQPGUKPQNQWVKNK\CEQTTGEVCOGPVG
'UVGTGEKRKGPVGUGWUCT±ÐPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQCEGKVG [HWPEKQPCT±FGPVTQFGNQUNÃOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
0QFGDGTGCNK\CTPKPIWPCOQFKHKECEKÉPGPGUVGTGEKRKGPVGPKUQNFFQPKVCNCFTFQPK RQTPKPIÐPQVTQO¾VQFQOGE±PKEQUKPGNRGTOKUQGUETKVQFGNHCDTKEVG
5GKPFKECT±PENCTCOGPVGNCRTGUKÉP[VGORGTCVWTCFGGUVGTGEKRKGPVG
.CX±NXWNCFGUGIWTKFCFFGDGEQTTGURQPFGTEQPRKEQUVTUKVQTKQUFGRTGUKÉPFG XGEGUNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQ&GDGICTVK\CTSWGNCRTGUKÉPPQ GZEGFGT±RGTOGPVGOGPVGNCO±ZKOCRTGUKÉPRGTOKUKDNGFGVTCDCLQFGNTGEKRKGPVG
7VKNKEGUÉNQGNCEGKVGGURGEKHKECFQRQTGNHCDTKEVG
2QTNQVVQPQJC[PGEGUKFCFKPVTÃPUGECFGTGCNK\CTKPURGEEKQPGUKPVGTOGFKCUFGN TGEKRKGPVGUK¾UVGUGWVKNK\CFGPVTQFGNQUNÃOKVGUFGFKUGÇQ[RCTCNQUHKPGUFGWUQRCTC NQUSWGUGJCRTGXKUVQ
2CTCWPKFCFGUOQPVCFCUGPFGRÉUKVQCFGO±U
&GDGGXKVCTUGNCEQTTQUKÉPGPEQPFKEKQPGUFGWUQ2WGFGCEWOWNCTUGEQPFGPUCEKÉPGP GNKPVGTKQTFGNFGRÉUKVQ[¾UVGFGDGFTGPCTUGECFCFÃC'UVGRTQEGUQRWGFGTGCNK\CTUG OWCNOGPVGCDTKGPFQNCX±NXWNCFGFTGPCLGQDKGPOGFKVGFTGPCLGCWVQO±VKEQUK GUV±KPUVCNCFQ
/WCNFGKPUVTWEEKQPGU
2'&
&KTGEVKXCUUQDTGGSWKRQUCRTGUKÉP
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%' %QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'UWRGTKQTGUQGSWKXCNGPVGUCNC ECVGIQTÃC++ 6KRQFGEQORTGUQT
0ÐOGTQFGRKG\C
&GUETKREKÉP
%NCUGFG2'&
)#C)#
8±NXWNCFGUGIWTKFCF
+8
8±NXWNCFGUGIWTKFCF
+8
8±NXWNCFGUGIWTKFCF
+8
8±NXWNCFGUGIWTKFCF
+8
%NCUKHKECEKÉPIGPGTCN 2CTC)#C)#NQUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP 2'&RCTCGSWKRQU EQPWPCECVGIQTÃCKPHGTKQTCNC%CVGIQTÃC++
GA 15, GA 18, GA 22
Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra convicción de que sólo podremos destacar en lo que hacemos si ofrecemos la mejor experiencia tecnológica posible para ayudar realmente a nuestros clientes a producir, crecer y triunfar. Sólo hay una forma de conseguirlo – nosotros lo llamamos simplemente el estilo Atlas Copco. Se basa en la interacción, las relaciones a largo plazo y la participación en los procesos, necesidades y objetivos de los clientes. Significa que debemos ser flexibles para adaptarnos a los variados requisitos de las personas que confían en nosotros. El compromiso con el negocio de nuestros clientes dirige nuestro esfuerzo para aumentar su productividad mediante mejores soluciones. Un compromiso que comienza prestando pleno apoyo a los productos existentes y mejorando las cosas continuamente. Pero no nos detenemos aquí, concebimos y realizamos avances tecnológicos a través de la innovación. No por simple amor a la tecnología, sino pensando en los resultados y en la tranquilidad de nuestros clientes. Así es como Atlas Copco se esforzará por seguir siendo la primera elección, atraer nuevos negocios y mantener nuestra posición como líder de la industria.