DKDBSQNKTW
#HDRDR&&DQĔSDDMSROQHBGSCCDQ
ENKFDMCD$$6&11HBGSKHMHD
q
$$6&UUNL
#DTSRBGK@MC TREŘGQTMFAAYVCCDQ
ð5$11HBGSKHMHD--Q%%
ðRSDQQDHBG TREŘGQTMFAADYŘFKHBG
%TMJDMSRSŅQTMF
q
$$6&UUNL
-HDCDQRO@MMTMFTTMCEENKFDMCD
ÁMCDQTMFDM
q
$$6&UUNL
$KDJSQNL@FMDSHRBGD55DQSQĔFKHBGJDHS
TMCEENKFDMCDÁÁMCDQTMFDM
"'34-&Ŭ
$RLTLŅFKHBGRDHMC@R&DQĔS
UNL-DSYYTSQDMMDMM@BGCDQ
(MRS@KK@SHNMLTCHD2SDBJCNRDC@GDQ
YTFĔMFKHBGAKDHADM
(-23 ++ 3(.-
TRSDKKTMF
#@R&DQĔSRNKKSDMHBGSHMCDQ-ĔGD
UNM6ĔQLDPTDKKDMVHD'DHYJŅQODQM
NCDQðEDM@TEFDRSDKKSTMCUNQCHQDJSDQ
2NMMDMDHMRSQ@GKTMFFDRBGŘSYSVDQCDM
#HDADRSD+DHRSTMFDQYHDKSL@M
DQE@GQTMFRFDLĔADH
1@TLSDLODQ@STQDM%ŘQCDM$HMA@T
AHSSDCDMDMSROQDBGDMCDM ARBGMHSS
CTQBGKDRDM
$KDJSQHRBGDQ MRBGKT
!DUNQ2HDCDM2SDBJDQHMCHD
2SDBJCNRDDHMRSDBJDMŘADQOQŘEDM2HD
AHSSDC@CHD@TECDL3XODMRBGHKCCDR
&DQĔSDR@MFDFDADMD2O@MMTMFRNVHD
%QDPTDMYLHSCDL MRBGKTVDQSCDR
'@TRDRŘADQDHMRSHLLDM$HMD
AVDHBGTMFUNMUNMCDQ
-NLHM@KRO@MMTMFHRSYTKĔRRHF%ŘQCHD
MO@RRTMFCDR&DQĔSDR@M@MCDQD
2O@MMTMFDMLTDHM
2O@QSQ@MRENQL@SNQ@MFDLDRRDMDQ
+DHRSTMFUNQFDRBG@KSDSVDQCDM
#@R&DQĔSLTTMADCHMFS
UNQRBGQHESRLĔHFFDDQCDSVDQCDM9T
CHDRDL9VDBJHRSCDQ2SDBJDQCDR
2ODHRDJ@ADKRLHSCDLC@EŘQ
UNQFDRDGDMDM*NMS@JSUDQRDGDM2NKKSD
CHD-DSYKDHSTMFHL'@TRMHBGSLHSDHMDQ
$QCKDHSTMFUDQRDGDMRDHMRNLTC@R
&DQĔS@MDHMDFDSQDMMSD$QCKDHSTMF
UNQRBGQHESRLĔHFTMCTMSDQ
'HMYTYHDGTMFDHMDR%@BGL@MMR
@MFDRBGKNRRDMVDQCDM
#HD$$QYDTFDQEHQL@KKDGMSIIDCD
5DQ@MSVNQSTMF@@AEE@KKRCCHDRD
4ME@KKUDQGŘSTMFRUNQRBGQHESMMHBGS
AD@BGSDSVVHQC
DKDBSQNKTW
4RD
q 3GDCNLDRSHBQDEQHFDQ@SNQR@MC
EQDDYDQR@QDCDRHFMDCSNADTRDC
RODBHEHB@KKXENQSGDRSNQ@FDNEDCHAKD
ENNCRSTEERNMKX
q !DRSODQENQL@MBDHRNAS@HMDCVHSG
@LAHDMSSDLODQ@STQDADSVDDM
¦"@MC¦"BK@RR3¦"
@MC¦"BK@RR23¦"@MC
¦"BK@RR-¦"@MC¦"
BK@RR2-3GDBK@RRNEXNTQ
@OOKH@MBDHRRGNVMNMHSRQ@SHMF
OK@SD
6@QMHMFVGDMSGD@LAHDMS
SDLODQ@STQDHRMNSHMBKTCDCVHSGHM
SGDQ@MFDHMCHB@SDCENQSGDBK@RRNE
SGHR@OOKH@MBDSGDENKKNVHMF
HMRSQTBSHNMRLTRSADNARDQUDC
VGDMSGD@LAHDMSSDLODQ@STQD
CQNORADKNVSGDLHMHLTLKDUDKSGD
RSNQ@FDSDLODQ@STQDHMSGDEQDDYDQ
BNLO@QSLDMSB@MMNSAD
FT@Q@MSDDCSGDQDENQDHSHR@CUHR@AKD
SNTRDSGDENNCRSNQDC@RRNNM@R
ONRRHAKD
q %QNYDMENNCLTRSMNSADQDEQNYDM
NMBDHSG@RADDMSG@VDCNTS
q ,@MTE@BSTQDQRRSNQ@FD
QDBNLLDMC@SHNMRRGNTKCADRSQHBSKX
@CGDQDCSN1DEDQSNQDKDU@MS
HMRSQTBSHNMR
q 3GDHMMDQKHMHMFNESGD@OOKH@MBD
BNMRHRSRNEBG@MMDKRSGQNTFGVGHBG
SGDQDEQHFDQ@MSO@RRDR(ESGDRD
RGNTKCADOTMBSTQDCSGHRVNTKC
C@L@FDSGD@OOKH@MBDADXNMC
QDO@HQ@MCB@TRDENNCKNRR#.
-.342$2' 1/(-2314,$-32
SNRBQ@ODNEEEQNRSNQHBD%QNRSL@X
ADQDLNUDCAXTRHMFSGDRBQ@ODQ
OQNUHCDC4MCDQMNBHQBTLRS@MBDR
RGNTKCRNKHCHBDADENQBDCNEESGD
KHMDQ2NKHCHBDRGNTKCAD@KKNVDCSN
SG@VVGDMCDEQNRSHMFSGD@OOKH@MBD
q #NMNSOK@BDB@QANM@SDCNQEHYYX
CQHMJRHMSGDEQDDYDQ@RHSBQD@SDR
OQDRRTQDNMSGDBNMS@HMDQVGHBG
L@XB@TRDHSSNDWOKNCDQDRTKSHMFHM
C@L@FDSNSGD@OOKH@MBD#NMNS
TRD@LDBG@MHB@KCDUHBDNQ@MX
@QSHEHBH@KLD@MRSNRODDCTOSGD
SG@VHMFOQNBDRRNSGDQSG@MSGNRD
QDBNLLDMCDCAXSGDL@MTE@BSTQDQ
-DUDQTRDLDS@KNAIDBSRENQ
BKD@MHMFXNTQ@OOKH@MBD@RHSL@X
FDSC@L@FDC
(MRS@KK@SHNM
q #TQHMFMNQL@KNODQ@SHNMSGD
BNMCDMRDQ@MCBNLOQDRRNQ@SSGD
A@BJNESGD@OOKH@MBDGD@STO
BNMRHCDQ@AKX%NQR@EDSXQD@RNMR
LHMHLTLUDMSHK@SHNMLTRSAD@R
RGNVMHMSGDHMRSQTBSHNMR
SSDMSHNMJJDDOUUDMSHK@SHNMNNODMHMFR
BKD@QNNENNARSQTBSHNM
q "@QDLTRSADS@JDMSNDMRTQDSG@S
SGD@OOKH@MBDCNDRMNSRS@MCNM
SGDDKDBSQHB@KRTOOKXB@AKD
(LONQS@MS
HESGDRTOOKXBNQCHR
C@L@FDCHSLTRSADQDOK@BDCAX@
RODBH@KBNQCNQ@RRDLAKX@U@HK@AKD
EQNLSGDL@MTE@BSTQDQNQHSRRDQUHBD
@FDMS
q (ESGD@OOKH@MBDHRSQ@MRONQSDC
GNQHYNMS@KKXHSHRONRRHAKDSG@SSGDNHK
BNMS@HMDCHMSGDBNLOQDRRNQEKNVR
HMSGDQDEQHFDQ@MSBHQBTHS(SHR
@CUHR@AKDSNV@HS@SKD@RSSVNGNTQR