27
–456/#E87#V4IDJM.8#JND#E86LJwD#LEJQHN6/2
3
xDJ7E8JF6J86/#E86LJwD#LEJQHN6/2
i78#D8#8DJ7E8J86J56LJL#G78#E86RJ8#LEJQHN6/2U
1
Ž3"#:"#"?@2;DC8;8#?AeCq"CE#C;E:#
P?@n@QD#;EF#2"C=;"F#82;h?mCEF,#
?";DC;8#;@#2@P>?9#N83;@PAk9"F# #k3"#
:"#8:8Ak@?@3DC8;8#;@:#82;P?m;DL#
2
K:@9l;8#;@#?B:m#2BNP>>"L#R#P?@n@QD#
>8;"23:89;"3#k3"#:"#89:"3#8h2@NE#E#
?AeCq"CEL#
3
{E2sC;8#;E:#"CjBN83"#;EF#
P?@n@QDFL
4
{E2sC;8#;E:#2"C=;"#82;h?mCEF#2"3#
?8;Bl;8#;E:L#
xA";DC;8#;3F#2"C=;8F#82;h?mCEF#>"2A3B#"?e#;"#?"3n3BL
K/GLMN6/U
”;":#"k@ABr8;8#2"C=;8F#82;h?mCEF#k3"#":;32";BC;"CE,#:"#8N=kQ8;8#
?A@C82;32B#;@:#2mn32e#8l"A;D>";@FL#i3#2mn32@9#;m:#2"C8;s:#82;h?mCEF#k3"#;@#
CPk282A3>=:@#82;P?m;D#89:"3‚
#KC?Ae>"PAE#o^#VZX
•>
#
._'%_)
#
\A9QAm>E#o^#GXV
™Œ
#._'%_)
K/GLMN6/U
”;":#>3"#2"C=;"#82;h?mCEF#"n83BC83,#"jDC;8#;E:#C;E:#P?@n@QD#
>=QA3F#e;@P#;E:#":;32";"C;DC8;8L#i#82;P?m;DF#n8:#82;P?s:83#":#89:"3#
8k2";8C;E>=:E#>e:@#>9"#2"C=;"#82;h?mCEF#C;E:#P?@n@QDL
KCjBN83"#P?@n@QDF
x"C=;"
O4IL7.IHIM/6/
28
–456/#E87#V4IDJM.8#JND#E86LJwD#LEJQHN6/2
3
5
ykBN;8#;E:#2"3:@hAk3"#2"C=;"#82;h?mCEF#"?e#;E#CPC28P"C9"#;EF#2"3#"j"3A=C;8#
?A@C82;32B#;E:#?A@C;";8P;32D#;"3:9"#q3:PN9@PL
všr
#"kk9r8;8#;"#"2A@jhC3"#D#;3F#QBN23:8F#8?"j=F#;EF#2"C=;"F#82;h?mCEFL#R#
8?"jD#>8#"P;B#;"#>=AE#;EF#2"C=;"F#82;h?mCEF#>?@A89#:"#?A@2"N=C83#jABl3>@,#
n3"2@?D#;EF#A@DF#>8N":3@h#D#2"2D#EN82;A32D#Ch:n8CEL#O?9CEF,#
všr
#"j"3A89;8#;3F#
QBN23:8F#NmA9n8FL#K?@;8N@h:#"?"A"9;E;8F#EN82;A32=F#8?"j=FL
6
{?Asl;8#;E:#2"C=;"#82;h?mCEF#C;"<8AB#2"3#2";8P<89":#?A@F#;"#2B;m,#>=C"#C;E:#
P?@n@QDL
7
xN89C;8#;E:#"CjBN83"#;EF#P?@n@QDFL#”;":#"2@hC8;8#=:"#2N32,#CE>"9:83#e;3#E#"CjBN83"#
=Q83#2N89C83#;8N89mFL
8
\@?@<8;DC;8#"?Ne#N8P2e#Q"A;9#C;@#?N"9C3@#ž•L
9
xN89C;8#;@#?B:m#2BNP>>"L#‰"#82;P?m<89#">=CmF#>3"#C8N9n"#Ah<>3CEFL
10
K:#E#jm;83:D#=:n83lE#2";BC;"CEF#2"C=;"F#82;h?mCEF#
#8l"2@N@P<89#:"#":"q@CqD:83#
>8;B#;E:#8k2";BC;"CE#;EF#:="F#2"C=;"F#82;h?mCEF,#8N=kl;8#;@:#2mn32e#8l"A;D>";@F#
;EF#2"C=;"F#82;h?mCEF#k3"#:"#q8q"3m<89;8#e;3#=Q8;8#8k2";"C;DC83#;@#CmC;e#;h?@#
2"C=;"FL
všr#800MˆLJL
#;"#
"2A@jhC3"
všr#
"kk9r8;8#D#
"j"3A89;8#;3F#QBN23:8F#
8?"j=F
Kj"3A=C;8#;E:#
?A@C;";8P;32D#;"3:9"#
q3:PN9@P
O4IL7.IHIM/6/
K/GLMN6/U
xB<8#j@AB#?@P#;@?@<8;89;8#>3"#:="#2"C=;"#82;h?mCEF,#;@#N@k3C>32e#
;@P#82;P?m;D#;P?s:83#>3"#C8N9n"#Ah<>3CEF#k3"#:"#8l"Cj"N3C;89#E#?@3e;E;"#
82;h?mCEFL#K:#C;E#n3BA283"#>3"F#82;h?mCEF#C;">";DC8;8#k3"#:"#"NNBl8;8#>3"#2"C=;"#
82;h?mCEF,#;@#N@k3C>32e#<"#?8A3>=:83#:"#@N@2NEAm<89#E#82;h?mCD#C"F#?A3:#82;8N=C83#
;E#n@23>D#Ah<>3CEFL