Oki OKIPAGE 14ex, OKIPAGE 14i, OKIPAGE 14i/n User Manual

Page 1
2.,3$*( 47H[/47L/47L2Q
8åLYDWHOVNi S<tUXþND
Page 2
3<HGPOXYD
(OHNWURPDJQHWLFNi NRPSDWLELOLWD
9\QDORåLOL MVPH PD[LPiOQt ~VLOt QD WR/ DE\ LQIRUPDFH Y WRPWR GRNXPHQWX E\O\ NRPSOHWQt/ S<HVQp D SODWQp1 9êUREFH QHQHVH åiGQRX ]RGSRY,GQRVW ]D QiVOHGN\ FK\E PLPR MHKR NRQWUROX1 9êUREFH WDNp QHP$åH ]DUXþLW/ åH ]P,Q\ Y SURJUDPRYpP Y\EDYHQt D QD ]D<t]HQtFK RVWDWQtFK YêUREF$/ QD NWHUp RGND]XMH WDWR S<tUXþND/ QHRYOLYQt SRXåLWHOQRVW WpWR S<tUXþN\1 =PtQN\ R SURJUDPRYpP Y\EDYHQt Y\WYR<HQpP MLQêPL VSROHþQRVWPL QHPXVt YåG\ ]QDPHQDW/ åH YêUREFH W\WR SURJUDP\ VFKYDOXMH1
&RS\ULJKW 5333 2NL1 9ãHFKQD SUiYD Y\KUD]HQD1
2NL MH UHJLVWURYDQi RFKUDQQi ]QiPND VSROHþQRVWL 2NL (OHFWULF ,QGXVWU\ &RPSDQ\ /WG1
(QHUJ\ 6WDU MH RFKUDQQi ]QiPND Ò<DGX SUR RFKUDQX åLYRWQtKR SURVW<HGt 86$ +8QLWHG 6WDWHV (QYLURQPHQWDO 3URWHFWLRQ $JHQF\,1
0LFURVRIW/ 060'26 D :LQGRZV MVRX UHJLVWURYDQp RFKUDQQp ]QiPN\ VSROHþQRVWL 0LFURVRIW &RUSRUDWLRQ1
7HQWR SURGXNW VSO6XMH SRGPtQN\ XYHGHQp YH 6P,UQLFtFK 5DG\ (8 þ1
;<26692((& +(0&, D :62562((& +/9', Y QRYHOL]RYDQpP ]Q,Qt/ NWHUp
VH WêNDMt VMHGQRFRYiQt ]iNRQ$ þOHQVNêFK VWiW$ Y REODVWL HOHNWURPDJQHWLFNp NRPSDWLELOLW\ D SUiFH V Qt]NêP QDS,WtP1
(QHUJ\ 6WDU
-DNR SDUWQHU SURJUDPX (QHUJ\ 6WDU VSROHþQRVW 2., SURKODãXMH/ åH WHQWRYêUREHN VSO6XMHVP,UQLFH (QHUJ\ 6WDU WêNDMtFt VH ~VSRU HQHUJLH1
8QLYHUVDO 6HULDO %XV
7DWRWLVNiUQDMHY\EDYHQD GDWRYêP UR]KUDQtP 8QLYHUVDO 6HULDO %XV +86%,1
ii
2.,3$*( 47H[/47L/47L2Q
Page 3
2EVDK
ýHVN\
3<HGPOXYD11111111111111111111111111111111111 LL
(OHNWURPDJQHWLFNi NRPSDWLELOLWD 11111111111111111 LL
(QHUJ\ 6WDU 1111111111111111111111111111111111 LL
8QLYHUVDO 6HULDO %XV111111111111111111111111111 LL
2EVDK 11111111111111111111111111111111111111LLL
%H]SHþQRVWQt SRN\Q\ 1111111111111111111111111114
=DFKi]HQt V WRQHURYRX ND]HWRX D REUD]RYêP YiOFHP 11111111111111111111111115 3UYQt SRPRF S<L NRQWDPLQDFL WRQHUHP 111111111116
2YOiGDFt SDQHO WLVNiUQ\ 11111111111111111111111117
.RQWUROND /(' ³3<LSUDYHQR´ 1111111111111111117 /&' GLVSOHM111111111111111111111111111111117 7ODþtWND WLVNiUQ\ 11111111111111111111111111117 )XQNFH WODþtWHN 111111111111111111111111111118
0(18 420HQX 511111111111111111111111118
W25HFRYHU1111111111111111111111111111118 X25HVHW 111111111111111111111111111111118
(17(523RZHU 6DYH 11111111111111111111118
21 /,1( 11111111111111111111111111111118
3$3(5 6,=(23ULQW 0HQX 11111111111111111119 75$< 7<3(23ULQW )RQWV 11111111111111111119 )250 )(('23ULQW 'HPR1111111111111111119
1DEtGN\ WLVNiUQ\ 111111111111111111111111111111:
.DWHJRULH 111111111111111111111111111111111: 3RORåND11111111111111111111111111111111111: 3DUDPHWU 1111111111111111111111111111111111: 3URKOtåHQt D ~SUDY\ QDVWDYHQt QDEtGHN 1111111111:
1DVWDYHQt QDEtGN\ ~URYQ, 41111111111111111; 1DVWDYHQt QDEtGN\ ~URYQ, 51 1111111111111144
3DStU11111111111111111111111111111111111111147
7\S\ SDStUX D REiOHN 1111111111111111111111147 )yOLH D VDPROHSLFt ãWtWN\ 1111111111111111111147 ,QVWDODFH SDStUX 11111111111111111111111111148 7LVN REiOHN111111111111111111111111111111148 1DVWDYHQt NYDOLW\ WLVNX111111111111111111111148 7LVN IyOLt11111111111111111111111111111111149 3DStU R Y\VRNp JUDPiåL QHER NDUWRQ 1111111111149
7RQHU 111111111111111111111111111111111111114:
.G\ Y\P,QLW WRQHURYRX ND]HWX 1111111111111114: åLYRWQRVW ND]HW\ V WRQHUHP11111111111111111114: 9êP,QD ND]HW\ V WRQHUHP 11111111111111111114:
2EUD]RYê YiOHF 1111111111111111111111111111114<
.G\ Y\P,QLW REUD]RYê YiOHF 111111111111111114< åLYRWQRVW REUD]RYpKR YiOFH 1111111111111111114<
8åLYDWHOVNi S<tUXþND
iii
Page 4
9êP,QD REUD]RYpKR YiOFH11111111111111111114< 9\QXORYiQt SRþLWDGOD REUD]RYpKR YiOFH 1111111153
6WDYRYi KOiãHQt 11111111111111111111111111111154
3tVPD 1111111111111111111111111111111111111156
&R MH WR StVPR" 11111111111111111111111111156 7LVN VH]QDPX W\S$ StVPD1111111111111111111156 3RXåLWt W\S$ StVPD 111111111111111111111111156 =QDNRYp VDG\ 1111111111111111111111111111156
ÒGUåED WLVNiUQ\ 11111111111111111111111111111157
1DEtGND ~GUåED 11111111111111111111111111157 7LVN þLVWLFt VWUiQN\111111111111111111111111157 þLãW,Qt SROH GLRG /(' 111111111111111111111158
2GVWUD6RYiQt SUREOpP$ 11111111111111111111111159
8YROQ,Qt ]DEORNRYDQpKR SDStUX 11111111111111159 =DEORNRYiQt QD YVWXSX 111111111111111111111159 =DEORNRYiQt E,KHP SRVXYX QHER QD YêVWXSX 1111159 3UREOpP\ V NYDOLWRX WLVNX 111111111111111111115: 6RIWZDURYp SUREOpP\ 111111111111111111111115; +DUGZDURYp SUREOpP\ 11111111111111111111115<
6SHFLILNDFH 111111111111111111111111111111111163
iv
2.,3$*( 47H[/47L/47L2Q
Page 5
%H]SHþQRVWQt SRN\Q\
ýHVN\
9iã YêUREHN MH YêVOHGNHP SURP\ãOHQp NRQVWUXNFH D P,O E\ YiP EH]SHþQ, D VSROHKOLY, VORXåLW SR <DGX OHW1 $OH VWHMQ, MDNR X NDåGpKR HOHNWULFNpKR VSRW<HELþHMHL
t
]GH W<HED GRGUåRYDW Q,NROLN ]iNODGQ
t
Y\KQXOL ]UDQ,Q
QHER SRãNR]HQtYêURENX1
‡'$NODGQ, SURVWXGXMWH WXWR XåLYDWHOVNRX S<
t
UXþNX XVFKRYHMWH/ DE\VWH VH N QtSR]G,ML PRKOL
3<
FK ]iVDG/ DE\VWH VH
t
UXþNX1
NG\NROLY YUiWLW1
‡3<HþW,WH VL D GRGUåXMWH SRN\Q\ QD YãHFK YêVWUDåQêFK
D LQVWUXNþQtFK ãWtWFtFK QD VDPRWQpP S<tVWURML1
‡3<HG þLãW,QtP Y\SRMWH WLVNiUQX ]H ]iVXYN\1
t
YHMWH SRX]H YOKNêKDG<tN> QHSRXåtYHMWH
3RXå
t
WHNXWp QHER DHURVRORYp þLVWLF
‡3<
t
VWURM XPtVW,WH QD URYQRX D SHYQRX SORFKX1 3RNXG MHM QHXVDG SRãNRGLW VH> SRNXG MHM XP
t
NODG QD NREHUHF/ SRKRYNX QHER SRVWHO/ P$åH
QDS<
t
W N ]DEORNRYiQtY,,WUDFtFK RWYRU$ DS<HK<iW
GRM
t
WH VWDELOQ,/ P$åH VSDGQRXW D
SURVW<HGN\1
tVWt
WH QD P,NNêSRYUFK/
t
WLVNiUQ\1
‡3<
t
VWURM QHXPLVW,XMWH QD ]GURMH WHSOD/ QDS<tNODG UDGLiWRU QHER WRSQp W,OHVR/ QHER GR MHMLFK RNRO
tPê
&KUD6WH MHM S<HG S<
t
.ROHP S< VQDGQ
VWURMH E\ P,OEêW GRVWDWHN PtVWD SUR
êS<t
VWXSDGREUpY,WUiQt1
P VOXQHþQtP VYLWHP1
t
1HSRXå
t
YHMWH S<tVWURM Y EOt]NRVWL YRG\/ GEHMWH QD
WR/ DE\VWH GR Q,M QHY\OLOL åiGQRX WHNXWLQX1
ê
‡3<HVY,GþWH VH/ ]GD SRXåLW
t
Gi SDUDPHWU$P XYHGHQêP QD ]DGQtþiVWL
RGSRY
t
VWURMH1 3RNXG VL QHMVWH MLVWL/ ]HSWHMWH VH VYpKR
S<
t
GRGDYDWHOH QHER P
t
‡7HQWRS<
VWURM Pi X]HPQ,QRX W<tNROtNRYRX
EH]SHþQRVWQ
VWQtUR]YRGQp VSROHþQRVWL1
t
]iVWUþNX/ NWHURX P$åHWH ]DVXQRXW
]GURM HQHUJLH
SRX]H GR X]HPQ,Qp ]iVXYN\1 1HP$åHWH0OL WHQWR
t
~NRQ SURYpVW/ PiWH SDWUQ, VWDUã
QHX]HPQ,QRX ]iVXYNX> VSRMWH VH V HOHNWULNi<HP D QHFKHMWH ]iVXYNX Y\P,QLW1 1HVQDåWH VH WHQWR EH]SHþQRVWQ
t
SUYHN REHMtW SRPRFtDGDSWpUX1
1HSRNOiGHMWH QD QDSiMHFt ã6$UX åiGQp S<HGP,W\ D
QHXPLVW,,XMWH ML WDN/ DE\ VH SR Qt FKRGLOR1 'RMGH0 OL N SRãNR]HQt QHER SURG<HQt ã6$U\/ RNDPåLW, ML Y\P,6WH1
t
3RXå
1
YiWH0OL X S<tVWURMH SURGOXåRYDFtã6$UX QHER
W]Y1³SVD´/ S<HVY,GþWH VH/ ]GD FHONRY
ê
DPSpUHFK, Y\åDGRYDQ QD SURGOXåRYDF
ê
&HONRY
t
SURXG YãHFK ]D<t]HQt]DSRMHQêFK GR
YãHPL S<tVWURML ]DSRMHQêPL
ã6$UX QHS<HVDKXMH MHMtSDUDPHWU\1
ê
SURXG +Y
]iVXYN\ E\ QHP,OS<HVDKRYDW 46 $1
8åLYDWHOVNi S<tUXþND
1
Page 6
=iVXYND/ GR Qtå MH WLVNiUQD ]DSRMHQD/ E\ P,OD
]$VWDW QHXVWiOH S<tVWXSQi1
‡3<L ]GYLåHQt KRUQtKR NU\WX P$åHWH RGNUêW ]DK<iWê
SRYUFK1 7DWR PtVWD MVRX MDVQ, R]QDþHQD1 1('27é.(-7( 6( MLFK1
‡'RY,WUDFtFK RWYRU$ QHVWUNHMWH åiGQp S<HGP,W\1
0RKOL E\VWH GRVWDW UiQX HOHNWULFNêP SURXGHP QHER ]S$VRELW SRåiU1
‡.URP,E,åQp ~GUåE\ SRSVDQp Y SU$YRGQt
GRNXPHQWDFL VH QHVQDåWH R RãHW<RYiQt WLVNiUQ\ YODVWQtPL VLODPL> S<LRWHY<HQt QHER VHMPXWt NU\W$ E\VWH PRKOL GRVWDW UiQX HOHNWULFNêP SURXGHP QHER VL ]S$VRELW MLQê ~UD]1
‡.URP,VH<L]RYiQt D QDVWDYRYiQt/ NWHUp MH SRSViQR
YS<tUXþFH/ QHSURYiG,MWH åiGQp MLQp ~NRQ\1 0RKOL E\VWH WtP ]S$VRELW ãNRGX Y\åDGXMtFt UR]ViKORX RSUDYX1
3RNXG VH Y\VN\WQH RNROQRVW QD]QDþXMtFt/ åH S<tVWURM QHIXQJXMH VSUiYQ, QHER MH SRãNR]HQ/ RNDPåLW, MHM Y\SRMWH ]H ]iVXYN\ D VSRMWH VH VH VYêP GRGDYDWHOHP1 0,OL E\VWH VH ]DP,<LW ]HMPpQD QD W\WR RNROQRVWL=
1DSiMHFt ã6$UD QHER ]iVWUþND MH SRãNR]HQi QHER
SURG<HQi1
‡'RS<tVWURMH E\OD Y\OLWD WHNXWLQD/ S<tVWURM E\O
Y\VWDYHQ S$VREHQt YRG\1
'RãOR N XSXãW,Qt S<tVWURMH/ VN<t6ND S<tVWURMH MH
SRãNR]HQD1
‡3<tVWURM QHIXQJXMH WDN/ MDNE\P,O/L NG\å
GRGUåXMHWH SURYR]Qt SRN\Q\1
=DFKi]HQt V WRQHURYRX ND]HWRX D REUD]RYêP YiOFHP
1iKUDGQt ND]HW\ V WRQHUHP D MHGQRWN\ V
REUD]RYêP YiOFHP VNODGXMWH QHUR]EDOHQp1 3<L YêP,Q, SRXåLWRX ND]HWX V WRQHUHP QHER MHGQRWNX REUD]RYpKR YiOFH XORåWH GR S$YRGQtKR REDOX1
.D]HWX V WRQHUHP D MHGQRWNX REUD]RYpKR YiOFH
QHY\VWDYXMWH GHQQtPX VY,WOX SR GREX GHOãt QHå S,WPLQXW1=HOHQê YiOHF +XYQLW< MHGQRWN\, QLNG\ QHY\VWDYXMWH S$VREHQt S<tPpKR VOXQHþQtKR VY,WOD1
-HGQRWNX REUD]RYpKR YiOFH YåG\ GUåWH ]D MHMt NRQFH1
1LNG\ ML QHXFKRSWH ]D VW<HGQt þiVW1 1HGRWêNHMWH VH ]HOHQpKR YiOFH/ NWHUê MH XYQLW< MHGQRWN\1
3RXåtYHMWH YåG\ RULJLQiOQtND]HW\ V WRQHUHP RG
ILUP\ 2.,/ DE\ VH QHSRãNRGLOD MHGQRWND REUD]RYpKR YiOFH1
‡3<LY
ê
P,Q,]DFKi]HMWH V ND]HWRX V WRQHUHP
RSDWUQ,/ DE\ VH ND]HWD QHGRWNOD REOHNX QHER
ê
FK SRUp]QtFK PDWHULiO$1 6NYUQ\ RG WRQHUX VH
MLQ
t
YHOPL ãSDWQ, þLVW
1
2
2.,3$*( 47H[/47L/47L2Q
Page 7
. RGVWUDQ,Qt PHQãtFK VNYUQ RG WRQHUX QD N$åL
QHER ãDWHFK SRXåtYHMWH PêGOR D 678'(128 YRGX1 3RXåLWt WHSOp YRG\ ]QHVQDG6XMH Y\þLãW,Qt1
3UYQt SRPRF S<L NRQWDPLQDFL WRQHUHP
632/.187Ë 721(58= 9\YRODW ]YUDFHQt D
Y\KOHGDW OpND<VNRX SRPRF1 1LNG\ VH QHSRNRXãHMWH Y\YRODW ]YUDFHQt QHER SRGiYDW Q,FR ~VW\ RVREiP/ NWHUp MVRX Y EH]Y,GRPt1
9'(&+187Ë 721(58= 9\YpVW SRVWLåHQpKR
QD þHUVWYê Y]GXFK1 9\KOHGDW OpND<VNRX SRPRF1
91,.187Ë 721(58 '2 2ýË= 9\SODFKRYDW
RþL YHONêP PQRåVWYt YODåQp/ 1( OHGRY, VWXGHQp YRG\/ SR GREX DOHVSR6 48 PLQXW1 3UVW\ S<LGUåRYDW RþQt YtþND RWHY<HQi1 9\KOHGDW OpND<VNRX SRPRF1
ýHVN\
8åLYDWHOVNi S<tUXþND
3
Page 8
2YOiGDFt SDQHO WLVNiUQ\
.RQWUROND /(' ³3<LSUDYHQR´
.RQWUROND ³3<LSUDYHQR´ Pi W\WR IXQNFH=
69Ë7Ë 0 WLVNiUQDMHRQOLQHDS<LSUDYHQD S<LMtPDW
GDWD1
1(69Ë7Ë 0 WLVNiUQD MH RIIOLQH D QHP$åH S<LMtPDW
GDWD1 9ãHFKQD RYOiGDFt WODþtWND QD RYOiGDFtP SDQHOX MVRX Q\Qt Y DNWLYQtP VWDYX1
‡%/,.È0WLVNiUQD SUiY, S<LMtPi GDWD1
/&' GLVSOHM
'LVSOHM V WHNXWêPL NU\VWDO\ +/&', ]REUD]XMH W\WR LQIRUPDFH=
&R WLVNiUQD G,Oi S<LQRUPiOQ ‡3RW<HEX GRSOQLW SDS
PDWHULiO1
'RMGH0OL X WLVNiUQ\ N SRUXãH1
t
U QHER MLQêVSRW<HEQ
t
7ODþtWND WLVNiUQ\
7DWR WODþtWND XPRå6XMtXåLYDWHOL S<LVWXSRYDW
t
NQDVWDYHQ = RYOiGDF NWHUp XPRå6XM SRXå
PWLVNiUQ\/SURKOtåHW MH D P,QLW1
t
KR SDQHOX MH URYQ,å PRåQp RWHY<tWQDEtGN\/
t
U\FKOHMãtS<tVWXS N QHMþDVW,ML
t
YDQêP IXQNFtP1
P SURYR]X1
t
4
2.,3$*( 47H[/47L/47L2Q
Page 9
)XQNFH WODþtWHN
&KFHWH0OL SRXåtW WODþtWNR Y MHKR SULPiUQt IXQNFL/ VWLVNQ,WH MH D RNDPåLW, SXVW,WH1 &KFHWH0OL WODþtWNR SRXåtW Y MHKR VHNXQGiUQt IXQNFL/ PXVtWH MH VWODþLW D SRGUåHW SR GRE, QHMPpQ, GYRX VHNXQG1
6WLVNQXWtP SURMGHWH SRORåN\ Y QDEtGNRYp
NDWHJRULL ]HS<HGX GR NRQFH1
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= 6WLVNQXW
t
P D SRGUåHQtP WpWR NOiYHV\ WLVNiUQX
UHVHWXMHWH1
ýHVN\
0(18 42
0HQX 5
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= 6WLVNQXWtP NOiYHV\ YVWRXStWH GR QDEtGN\ 41 3RNXG WXWR NOiYHVX VWLVNQHWH D SRGUåtWH/ RWHY<HWH
QDEtGNX 51
W2
5HFRYHU
-H0OL WLVNiUQD Y UHåLPX QDEtGN\= 6WLVNQXWtP SURMGHWH SRORåN\ Y QDEtGNRYp
NDWHJRULL RG NRQFH GRS<HGX1
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= 6WLVNQXWtP D SRGUåHQtP WpWR NOiYHV\ SR YêVN\WX
FK\E\ REQRYtWH WLVN +SRGOH WRKR/ MDNê E\O FKDUDNWHU WpWR FK\E\,1
X2
5HVHW
-H0OL WLVNiUQD Y UHåLPX QDEtGN\=
8åLYDWHOVNi S<tUXþND
(17(52
3RZHU 6DYH
-H0OL WLVNiUQD Y UHåLPX QDE ‡ 6WLVNQXW
t
P WpWR NOiYHV\ VH DNWLYXMtDNWXiOQ
t
GN\=
QDVWDYHQt1 1D GLVSOHML VH ]REUD]tKY,]GLþND +-,1
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= 6WLVNQXW
QDE
t
P D SRGUåHQtP WpWR NOiYHV\ YVWRXStWH GR
t
GN\ 3RZHU 6DYH1
21 /,1(
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= ‡3<HSQH WLVNiUQX QD UHåLP RQOLQH1
-H0OL WLVNiUQD Y UHåLPX RQOLQH= ‡3<HSQH WLVNiUQX QD UHåLP RIIOLQH1
-H0OL WLVNiUQD Y UHåLPX QDE ‡ 6WLVNQXW
t
P WpWR NOiYHV\ NRQþtQDEtGNRYi UHODFH1
t
GN\=
t
5
Page 10
3$3(5 6, =(2
3ULQW 0HQX
)250 )(('23ULQW 'HPR
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= ‡6WLVNQXW
t
P WpWR NOiYHV\ RWHY<HWH U\FKORX QDEtGNX
3DSHU 6L]H1
‡6WLVNQXW
DNWXiOQ GLVSOHML REMHY
t
P D SRGUåHQtP WpWR NOiYHV\ VH VSXVWtWLVN
t
FK QDVWDYHQtQDEtGHN1 -DNPLOH VH QD
t
KOiãHQt0(18 +3 3&/9/
VWLVNQ,WH NOiYHVX (17(51
75$< 7<3(2
3ULQW )RQWV
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= ‡6WLVNQXW
t
P WpWR NOiYHV\ RWHY<HWH U\FKORX QDEtGNX
7UD\ 7\SH1
‡6WLVNQXW
t
P D SRGUåHQtP WpWR NOiYHV\ VH VSXVWtWLVN
Y]RUNX YãHFK UH]LGHQWQ
êFK
]DYHGLWHOQ
W\S$ StVPD/ NWHUp Pi WLVNiUQD N GLVSR]LFL1 -DNPLOH VH QD GLVSOHML REMHY )2176+33&/9/ VWLVNQ,WH NOiYHVX (17(51
t
FK/ NDUWRYêFK D
t
KOiãHQ
6WLVNQXW
t
P WpWR NOiYHV\ VH Y\WLVNQRX YãHFKQD ]EêYDMtF
t GDWD YH Y\URYQiYDFtSDP,WL WLVNiUQ\ D VWUiQND Y\MHGH ] WLVNiUQ\1
-H0OL WLVNiUQD Y UHåLPX RIIOLQH= ‡6WLVNQXW
GHPRVWUiQN\1 -DNPLOHVHQDGLVSOHMLREMHY
t
P D SRGUåHQtP WpWR NOiYHV\ VH VSXVWtWLVN
t
KOiãHQ
t
'(02 +3 3&/9/ VWLVNQ,WH NOiYHVX (17(51
t
6
2.,3$*( 47H[/47L/47L2Q
Page 11
1DEtGN\ WLVNiUQ\
ýHVN\
3RPRFtWODþtWHN QD S<HGQtP SDQHOX O]H P,QLW LPSOLFLWQ NRQILJXUDFL WLVNiUQ\/ D WDN ]D<t]HQtS<L]S$VRELW SUR
ê
XUþLWRX VRIWZDURYRX DSOLNDFL/ VSHFLILFN
t
]S$VRE ]DYiG,Q
t
W<L ~URYQ,=
WYR<
SDStUX D UR]KUDQt1 6WUXNWXUX QDEtGN\
IRUPiW SDStUX/
.DWHJRULH
.DåGi NDWHJRULH VH VNOiGi ] Q,NROLND SRORåHN D Y\EtUi
t
VH VWLVNQXW UHåLPX RIIOLQH,1 -DNPLOH VH QD GLVSOHML ]REUD] SRåDGRYDQi NDWHJRULH/ VWLVNQXWtP NOiYHV\ (17(5 ]REUD]
PNOiYHV\0(1842
t
WH YêSLV SRORåHN/ NWHUp ML WYR<t1
0HQX 5
+MH0OL WLVNiUQD Y
t
3RORåND
.DåGRX SRORåNX WYR<tQ,NROLN SDUDPHWU$ ]REUD]HQêFK SR VWLVNQXW GLVSOHMH1
t
NOiYHV\ 0(18 42
0HQX 5
YKRUQtP<iGNX
3DUDPHWU
3R VWLVNQXWtNOiYHV W25HFRYHU D X25HVHW VH SDUDPHWU
t
]REUD] SRåDGRYDQ (17(51
YH VSRGQtP <iGNX GLVSOHMH1 -DNPLOH VH
ê
SDUDPHWU ]REUD]t/ VWLVNQ,WH NOiYHVX
t
3URKOtåHQt D ~SUDY\ QDVWDYHQt QDEtGHN
3R]QiPND=
41 6WLVNQXW
51 0HQX 4 ]YRO
61 3R ]REUD]HQ
71 &KFHWH0OL YVWRXSLW GR QDE
3RNXG VRIWZDUH NRQWUROXMH IXQNFL/ NWHURX O]H URYQ, å RYOiGDW SRPRF
t
QDVWDYHQ IXQNFtWLVNiUQ\ SRXåtYHMWH Y PD[LPiOQtPRåQp
t
P
UHåLPX RIIOLQH D QiVOHGQ, P$åHWH ]YROLW 0HQX 4 QHER 0HQX 51
t
WH NOiYHVX 0(18 42
SXVW WDN/ åH VWLVNQHWH D SRGUå
0HQX 5
VWLVNQXW QiVOHGXM
]REUD]LW Q,NWHURX ] SRORåHN/ VWLVNQ,WH NOiYHVX (17(51 1D GLVSOHML VH Y KRUQ Y\EUDQp NDWHJRULH D YH VSRGQtP <iGNX MHM DNWXiOQtSDUDPHWU1
PQDEtGN\ S<HGQRVW1 . RYOiGiQ
<H VRIWZDUH1
t
P NOiYHV\ 21 /,1( XYHGHWH WLVNiUQX GR
t
WH WDN/ åH VWLVNQHWH D RNDPåLW,
SR GREX QHMPpQ, GYRX VHNXQG1
t
SUYQtNDWHJRULH QDEtGN\ VH GDOãtP
t
PNOiYHV\0(1842 tFt
NDWHJRULL1
t
QDEtGN\/ SDN Pi S<HG
0HQX 5
1 0HQX 5 ]YROtWH
t
WH NOiYHVX 0(18 42
0HQX 5
t
GNRYp NDWHJRULH D
S<HVXQHWH QD
t
P <iGNX ]REUD]
t
t
t
8åLYDWHOVNi S<tUXþND
7
Page 12
81 $NWXiOQtDNWLYQtSDUDPHWU MH R]QDþHQ KY,]GLþNRX
+-,1 &KFHWH0OL SDUDPHWU ]P,QLW/ VWLVNQ,WH NOiYHV\
W2 5HFRYHU D X25HVHW1 &KFHWH0OL DNWLYRYDW QRY SDUDPHWU/ VWLVNQ,WH Y GRE,/ NG\ MH WHQWR SDUDPHWU ]REUD]HQ QD GLVSOHML/ NOiYHVX (17(51
ê
91 &KFHWH0OL S<HM
VWLVNQ,WH NOiYHVX 0(18 42
t
GN\ RGHMtW/ VWLVNQ,WH NOiYHVX 21 /,1(1
]QDE
9 WpWR þiVWL MH XYHGHQ VH]QDP XåLYDWHOVN VH<D]HQêSRGOH QDEtGHN1 ,PSOLFLWQtWRYiUQtQDVWDYHQ MVRX Y\]QDþHQD WXþQêPStVPHP1
1DVWDYHQ
.DWHJRULH 3 RORå ND 3DUDPHWU 9ê]QDP
3HUVRQDOLW\ (PXODWH
7UD\ 6HOHFW 3DSHU ,Q
(GLW 6L]H (GLW 6L]H
3DSHU 6L]H 7UD\ 4
t
QDEtGN\ ~URYQ, 4
$XWR
(SVRQ );,%0 335 $GREH 3RVWVFULSW +47L2Q RQO\,
0DQXDO
$XWR 7UD\
2II 7UD\ 4
)HHGHU
2II
&DVVHWWH
([HF /HJDO 47 /HJDO 46 $7 6L]H $8 6L]H $9 6L]H %8 6L]H &RP0< &RP043 0RQDUFK '/ (QY &8 (QY
$7 6L]H
$9 6L]H %8 6L]H /HWWHU ([HF /HJDO 47 /HJDO 46
+3 3&/9
2Q 7UD\ 5
2Q
/HWWHU
$8 6L]H
t
9ROED HPXODFH1 6WDQGDUGQ $GREH 3RVW6FULSW O]H ]YROLW UXþQ,1
t
Ui VWDQGDUGQt]iVREQtN/ ]Q,KRå EXGH WLVNiUQD RGHEtUDW SDStU1 7XWR IXQNFL P$åH SRWODþLW
9\E VRIWZDURYi DSOLNDFH1 90HQX4VH REMHYXMH SRORåND 7UD\ 5 QHER )HHGHU SRX]H WHKG\/ MH0OL WLVNiUQD Y\EDYHQD YROLWHOQ
3RNXG MH QDLQVWDORYiQ =iVREQ
t
Y ]iVREQ DXWRPDWLFN\ S<HSQH QD GUXK
9RO R]QDþXMH SORFKD/ QD Q
9\E
NX GRMGH SDStUDYMLQpP]iVREQtNX MH ]DORåHQ SDStU VWHMQpKR GUXKX/ WLVNiUQD
t
VSUiYQRX ³YHOLNRVW GRNXPHQWX´ SDStUXYKODYQtFK ]iVREQtFtFK1 7tPWR WHUPtQHP VH
t
Ui I\]LFNêIRUPiW SDStUX SUR MHGQRWOLYp ]iVREQtN\1
QDVWDYHQtMH ³$XWR´/ PRåQRVWL 3&/9/ (SVRQ );/ ,%0 335 QHER
ê
P GUXKêP ]iVREQtNHP QHER SRGDYDþHP1
t
N 5 D MH QDVWDYHQ QD ³=DSQXWR´/ SDN VH Y S<tSDG,/ NG\å
ê
]iVREQtN D SRNUDþXMH Y WLVNX1
t
åVHQDSDStU GDQpKR IRUPiWX WLVNQH1
t
W QD QRYRX SRORåNX QHER NDWHJRULL/
0HQX 5
1 &KFHWH0OL
ê
FK IXQNF
t
t
8
2.,3$*( 47H[/47L/47L2Q
Page 13
1DVWDYHQtQDEtGN\ ~URYQ, 4
.DWHJRULH 3RORåND 3DUDPHWU 9ê]QDP
0DQXDO
3DSHU 6L]H
)HHGHU
7UD\ 42 7UD\ 5
0HGLD 7\SH
)HHGHU
0DQXDO
3DSHU 6L]H &KN 6L]H &KN
$7 6L ]H
$9 6L]H %8 6L]H &RP0< &RP043 0RQDUFK '/ (QY &8 (QY /HWWHU ([HF /HJDO 47 /HJDO 46
$7 6L]H
$9 6L]H %8 6L]H /HWWHU ([HF /HJDO 47 /HJDO 46
$7 6L]H
$9 6L]H %8 6L]H &RP0< &RP043 0RQDUFK '/ (QY &8 (QY /HWWHU ([HF /HJDO 47 /HJDO 46
0HGLXP
+HDY\ /LJKW 0/LJKW
0HGLXP
7UDQVSU +HDY\ /LJKW 0 /LJKW
0HGLXP
7UDQVSU +HDY\ /LJKW 0 /LJKW
(QDEOH
$8 6L]H
$8 6L]H
$8 6L]H
0+HDY\
0+HDY\
0+HDY\
'LVDEOH
t
Ui I\]LFNêIRUPiW SDStUX SUR MHGQRWOLYp ]iVREQtN\17UD\ 5
9\E
tS<t
VOXãQêW\SWLVNRYpKRPpGLD1W\SH1 90HQX4VH REMHYXMH SRORåND 7UD\ 5 QHER )HHGHU
9RO SRX]H WHKG\/ MH0OL WLVNiUQD Y\EDYHQD YROLWHOQ 3RNXG FKFHWH WLVNQRXW QD SU$VYLWN\ SUR SURP SRORåNX 75$16351
t
-H0OL ]YROHQ WHQWR S< QHVSUiYQêUR]P,U/ ]REUD]tVH QD GLVSOHML FK\ERYp KOiãHQt1
ND]/ EXGH NRQWURORYiQ UR]P,UWLVNRYpKRPpGLD>SRNXG NRQWUROD ]MLVW
ê
P GUXKêP ]iVREQtNHP QHER SRGDYDþHP1
t
WiQtGLDSURMHNWRUHP/ QH]DSRPH6WH ]YROLW
ýHVN\
t
8åLYDWHOVNi S<tUXþND
9
Page 14
1DVWDYHQtQDEtGN\ ~URYQ, 4
.DWHJRULH 3 RORå ND 3DUDPHWU 9ê]QDP
&RSLHV &RSLHV
(XUR 6LJQ (XUR 6LJQ
)RQW 65&
'//62)7 7DWR KOiãND VH ]REUD]
)RQWV ) 6\PEROV
3DJH /D\RXW 4
3DJH /D\RXW 4
3DJH /D\RXW 5
+RVW ,2) +47L2Q RQO\,
)RQW 1R
)RQW &3, )RQW +*7 6\PERO $7 :LGWK
%OQNVNLS
&5 )XQFWLRQ
/) )XQFWLRQ
2ULHQW
/LQHV23*
3DUDOOHO 1HWZRUN
4
WR <<< =DGiYi SRþHW NRSL
3RXå
t
(QDEOH
5HVLGHQW
,333
WR ,37;
43133
45133 3&0; :; &RO
2II
&5
/)
3RUWUW
97 /16
(QDEOH (QDEOH
'LVDEOH
&DUG
3177 WR <<1<< =REUD] 7133 WR <<<1:8 =REUD]
;3 &RO
2Q
&5./)
/).&5
/DQGVFS 8UþXMH/ ]GD Pi WLVNiUQD WLVNQRXW QD Y
8 WR 45; /16
'LVDEOH =DS 'LVDEOH 9\S
Yi VH X XUþLWêFK DSOLNDFtQHSUDFXMtFtFK Y 26 :LQGRZV N WRPX/ DE\ E\OR PRåQp
WLVNQRXW V\PERO\ HYURSVNp P,Q\1
t
Ui ]GURM LQWHUQtFK W\S$ StVPD WLVNiUQ\1 3RNXG X WLVNiUQ\ QHE\O\ S<LGiQ\ YROLWHOQp W\S\
9\E
t
VPD/ REMHYtVH QD GLVSOHML SRX]H UH]LGHQWQtIRQW\1
S
9RO
tS<t
VOXãQêW\S StVPD ]H VRXERUX LQWHUQtFK W\S$ StVPD/ NWHUêPi EêW SRXåLW X S<LMDWêFK
ê
FK VRXERU$1 7\WR IRQW\ O]H LGHQWLILNRYDW Y\WLVNQXWtP VH]QDPX W\S$StVPD
WH[WRY ] RYOiGDF
. GLVSR]LFL MH ;< VDG V\PERO$1 9\EHUWH VDGX V\PERO$ / NWHURX FKFHWH SRXå 8UþXMH SRþHW ]QDN$/ NWHUp PDMtEêW Y\WLVNQXW\ QD MHGQRP <iGNX/ QHå WLVNiUQD S<HMGH QD QRYê<iGHN1 9\E
WLVNiUQD SRWODþLW +S<HVNRþLW,1 8UþXMH/ ]GD ]QDN S<HFKRGX QD QRY
QiVOHGXM ]QDN /)/ DOH SRNXG VH <iGN\ WLVNQRX S<HV VHEH/ ]YROWH &5./)1
8UþXMH/ ]GD ]QDN QRYpKR <iGNX +/), Pi URYQ,å SRVXQRXW SR]LFL WLVNX QD ]DþiWHN QRYpKR <iGNX1 8Y,WãLQ\ DSOLNDF &5/ DOH SRNXG SR VRE, QiVOHGXM
9RO ]P,Q, RULHQWDFH SDS
t
KR SDQHOX1
t
VH Y S<tSDG,/ MH0OL Y\EUDQp StVPR V IL[QtUR]WHþtDMH0OL YHNWRURYp1
t
VH Y S<tSDG,/ MH0OL Y\EUDQp StVPR SURSRUFLRQiOQtDMH0OL YHNWRURYp1
t
Ui/ ]GD PDMtEêW GR WLVNRYpKR YêVWXSX ]D<D]HQ\ L SUi]GQp VWUiQN\/ QHER ]GD MH Pi
tFt
<iGHN1 8Y,WãLQ\ DSOLNDFtMH WDWR IXQNFH ]DMLãW,QD WDN/ åH SR ]QDNX &5 QiVOHGXMH
t
VWDQGDUGQtSRþHW <iGN$ QD VWUiQFH1 7D WR þtVHOQi KRGQRWD VH DXWRPDWLFN\ XSUDYXMH S<L
t
Qi D Y\StQi SDUDOHOQtUR]KUDQt1
t
Qi D ]DStQi NDUWX VtW,RYpKR UR]KUDQt+MH0OL MtWLVNiUQD RVD]HQD,1
t
/ NWHUp PDMtEêW Y\WLVNQXW\1
t
/ SRNXG E\O\ GR WLVNiUQ\ VWDåHQ\ ]DYHGLWHOQi StVPD1
ê
<iGHN +&5, Pi URYQ,å SRVXQRXW SR]LFL WLVNX QD
t
MH WDWR IXQNFH ]DMLãW,QD WDN/ åH S<HG ]QDNHP /) VH RGHVtOi ]QDN
tFt
<iGN\ QD Y\WLVNQXWp VWUiQFH ³NORSêWDMt´/ ]YROWH &5 . /)1
ê
ãNX +3RUWUDLW,/ QHER QD ãt<NX +/DQGVFDSH,1
t
UX WDN/ DE\ E\OR ]DFKRYiQR QDVWDYHQp <iGNRYiQt1
t
W1
10
2.,3$*( 47H[/47L/47L2Q
Page 15
1DVWDYHQtQDEtGN\ ~URYQ, 51
.DWHJRULH 3RORåND 3DUDPHWU 9ê]QDP
933
3ULQW 0RGH 0RGH
$XWRFRQW
$XWR 2SHUDWLRQ
'DUNQHVV &RQWURO
3RZHU 6DYLQJ
/RZ 7RQHU /RZ 7QU
7RQHU 6DYLQJ 7RQHU
&OHDUDEOH :DU Q L Q JV
(UURU 5HSRUW (UUHSRUW
3DUUDOOHO ,2)
3DUUDOOHO ,2),03ULPH
:DL W 7LPH
0DQ 7LPH
'DUNQHVV
3RZHU 6DYLQJ
&OU :UQJ
6SHHG
%L0'LUFW
94533 +933 [ 4533,
633
2II
2II 2Q 8 VHF 9 VHF
<3 VHF 93 VHF
63 VHF
3
>.4>.5>05>04
3 VHF
'LVDEOH
2Q
'LVDEOH
/LJKW
2Q
2II
+LJK
(QDEOH
2II
2Q
633 VHF 2II
; PLQ
2II
0HGLXP
-RE
2Q
0HGLXP
'LVDEOH
2Q
1DVWDYHQt UR]OLãHQt WLVNX +YGSL,1
7LVNiUQD VH P$åH ]RWDYLW ] S<HWHþHQt SDP,WL QHER S<HVDKX WLVNRYp ~ORK\ DXWRPDWLFN\ ]KUXED GR 48 VHNXQG/ MH0OL Y UHåLPX RQOLQH +21,1 9 RVWDWQtFK S<tSDGHFK MH W<HED VWLVNQRXW NOiYHVX 5HFRYHU1
9
,
WãLQD VRIWZDURYêFK SURGXNW$ SRXåtYDQêFK S<L WLVNX RGHVtOi QD NRQFL WLVNRYp ~ORK\ ]QDN ))/ WDNåH SRVOHGQt VWUiQND Y\MHGH ] WLVNiUQ\1 3RNXG ]QDN )) QD NRQFL WLVNRYp ~ORK\ FK\Et/ WLVNiUQD SR XUþLWp GRE
7RWR QDVWDYHQt VH WêNi SRX]H WLVNRYêFK ~ORK Y $GREH 3RVW6FULSW1 8UþXMH/ MDNGORXKREXGH WLVNiUQD þHNDW QD YORåHQt DUFKX SDStUX GR SRGDYDþH1
8SUDYXMH YQLW<Qt QDVWDYHQt V RKOHGHP QD NROtViQt Y]GXãQp YOKNRVWL1 9SURVW<HGt V Y\VRNRX YOKNRVWt D WHSORWRX QDVWDYHQt ]Y\ãWH/ GRFKi]t0OL N ]HVODEHQt V\WRVWL WLVNX D WLVN MH QH]<HWHOQê1 1DVWDYHQt QDRSDN VQLåWH/ GRFKi]t0OL Y SURVW<HGt V Qt]NRX WHSORWRX D YOKNRVWt N YêVN\W$P þHUQêFK QHER EtOêFK VNYUQ1
-H0OL WDWR IXQNFH DNWLYRYiQD/ MH S<tYRG HOHNWULFNpKR SURXGX GR IL[DþQtKR YiOFH MHGQRWN\ ] ~VSRUQêFK G$YRG$ Y\SQXW1 3<HG GDOãt WLVNRYRX ~ORKRX EXGHWH þHNDW R FKYLONX GpOH/ DE\ IL[DþQt YiOHF P
7RWR QDVWDYHQt XUþXMH/ ]GD WLVNiUQD ]$VWDQH Y UHåLPX RQOLQH +21,/ QHER RIIOLQH +2)),/ NG\å Y ND]HWC V WRQHUHP ]EêYi WRQHUX MHQRP ]KUXED QD 433 VWUiQHN1
;DGD KOiãHQt/ NWHUi VH QD WLVNiUQ 5HFRYHU +MH0OL WDWR IXQNFH DNWLYRYiQD,1 3RNXG MH QDVWDYHQD QD -2%/ P$åH KRVWLWHOVNê SRþtWDþ VPD]DW WDWR YDURYQi KOiãHQt S<HQHVHQêP S<tND]HP1 7RWR QDVWDYHQt QHPi åiGQê Yê]QDP/ SRXåtYiWH0OL HPXODFL MD]\ND 3RVW6FULSW1
9 UHåLPX 3RVW6FULSW WRWR QDVWDYHQt XUþXMH/ ]GD S<L YêVN\WX FK\E\ EXGH Y\WLVNQXWR FK\ERYp KOiãHQt1 9,WãLQD PRGHUQ
Y\WLVNQXW 7LVNiUQD P$åH ]DV SURSRMRYDFtNDEHO WLVNiUQ\ RGSRYtGDMtFtQRUP, ,((( 45;71
-H0OL WDWR IXQNFH DNWLYRYiQD/ XPRå6XMH SRþ 35,0( GDWRYpKR UR]KUDQ
,
QHþLQQRVWL QHFKi SRVOHGQt VWUiQNX Y\MHW DXWRPDWLFN\1
,
O þDV QD WR/ DE\ VH ]DK<iO QD SURYR]Qt WHSORWX1
,
þDV RG þDVX REMHYt/ VH Gi RGVWUDQLW VWLVNQXWtP NOiYHV\
t
FK 3& GRNiåH S<HQiãHW GDWD YHOPL Y\VRNRX U\FKORVWt1 3RNXG QD
ê
FK VWUiQNiFK ]MLVWtWH SRUXãHQtGDW/ ]P,6WH WRWR QDVWDYHQtQD 0(',801
t
ODW VWDYRYp LQIRUPDFH KRVWLWHOVNpPX SRþtWDþL1 3UR WXWR IXQNFL MH ]DSRW<HE
t
1
ýHVN\
t
WDþL UHVHWRYDW WLVNiUQX S<HSQXWtPVWDYXOLQN\,0
t
8åLYDWHOVNi S<tUXþND
11
Page 16
1DVWDYHQtQDEtGN\ ~URYQ, 51
.DWHJRULH 3 RORåND 3DUDPHWU 9ê]QDP
1HWZRUN +SRX]H 47L2Q,
)UDPH
7&32,3 '+&3 5$53 ,3 %\WH 4 ,3 %\WH 5 ,3 %\WH 6 ,3 %\WH 7 60 %\WH 4 60 %<WH 5 60 %\WH 6 60 %<WH 7 *: %\WH 4 *: %\WH 5 *: %\WH 6 *: %\WH 7 1HWZDUH (WKHU7DON 1HW 0QW 6HOI 7HVW
$XWR
;3516 6QDS (WKHU5
(QDEOH 2II 2II
4<6
465
6
<<
588
588
588
3
4<5
49;
<<
587
(QDEOH (QDEOH 6WDWXV
2.
;3515
'LVDEOH 2Q 2Q
30588
30588
30588
30588
30588
30588
30588
30588
30588
30588
30588
30588
'LVDEOH 'LVDEOH 6WDWXV 4; 1*
32/2ä.$ D 3$5$0(75/ NWHUp VH REMHYXM S<LSRMHQD1 3RGUREQ,Mã S<LORåHQpP N WLVNiUQ,1
t
LQIRUPDFH QDMGHWH Y 3<tUXþFH VSUiYFH VtW,/ NWHUi VH QDFKi]tQD &'
t
Y0HQX5/ ]iYLVHMtQD VtWL/ NQtå MH WLVNiUQD
12
2.,3$*( 47H[/47L/47L2Q
Page 17
1DVWDYHQtQDEtGN\ ~URYQ, 51
.DWHJRULH 3RORåND 3DUDPHWU 9ê]QDP
/DQJXDJH /DQJXDJH
(QJOLVK
)UDQFDLV ,WDOLDQ &DVWODQ 6YHQVND 1RUVN 'DQVN 1HGHUO 7XUNFH 3RUWXJ &]HFK 3ROVNL
'HXWVFK
7RWR QDVWDYHQ
t
XUþXMH/ MDNêMD]\N VH SRXåtYi SUR KOiãHQtQD GLVSOHML D WLVN QDEtGHN1
ýHVN\
8åLYDWHOVNi S<tUXþND
13
Page 18
3DStU
7\S\ SDStUX D REiOHN
9êUREFH WLVNiUQ\ GRSRUXþXMH S<LYêE,UX SDStUX D REiOHN
tFt
SUR YDãL WLVNiUQX GRGUåRYDW QiVOHGXM ‡3DS
'RSRUXþXMHPH SRXå
'RSRUXþXMHPH SRXå
3RXåLW
‡1HSRXå ‡1HSRXå ‡ 1HWLVNQ,WH QD RE, VWUDQ\ SDS
‡1HSRXå
t
U D REiON\ E\ P,O\ EêW XORåHQ\ QD SORFKR/
t
VWXSX YOKNRVWL D S<tPpKR VOXQHþQtKR VY,WOD
EH] S< D Y GRVWDWHþQp Y]GiOHQRVWL RG WHSHOQ
t
YDW KODGNêSDStU +QDS<tNODG
t
USURNRStUN\ QHER ODVHURYp WLVNiUQ\,/ MHKRå
SDS KODGNRVW MH SRGOH W]Y1 6KHIILHOGVNp VWXSQLFH 583 D PpQ,1 0iWH0OL SRFK\EQRVWL/ VSRMWH VH VY
ê
GRGDYDWHOHP NDQFHOi<VN
ODVHURYp WLVNiUQ\1
t
PQRKRYUVWHYQpKR SDStUX QHER SDStUX V
ê
UD]QRX WH[WXURX SRGVWDWQ, VQLåXMH åLYRWQRVW
Y REUD]RYpKR YiOFH L NYDOLWX WLVNX1
t
YHMWH S<tOLã KODGNê/ OHVNOêSDStU1
t
YHMWH UHOLpIQtKODYLþNRYêSDStU1
t
U SURFKi]HW WLVNiUQRX GYDNUiW1
SDS
t
YHMWH SDStU V SHUIRUDFt/ Y\VW<tKDQêPL
RNpQN\ D RW<HSDQ
ê
FK SRW<HE1
t
YDW REiON\ XUþHQp SUR
PL RNUDML1
]iVDG\=
ê
FK ]GURM$1
ê
t
UX D QHQHFKHMWH
t
1HSRXå
VYRUNDPL1 1HSRXå ‡ 1HSRXå
YHMWH REiON\ V RNpQN\ QHER NRYRYêPL
t
YHMWHREiON\VHVDPROHStFtPL FKORSQ,PL1
t
YHMWH SRãNR]HQp D SRPDþNDQp REiON\1
)yOLH D VDPROHSLFt ãWtWN\
9êUREFH WLVNiUQ\ GRSRUXþXMH S<LYêE,UX IyOLtD
t
VDPROHSLF QiVOHGXM
P
9åG\ SRXå ‡ 9åG\ SRXå ‡ 0pGLD PXV
0pGLD PXV
‡ãW ‡ 1RVQi IyOLH ãW
FK ãWtWN$ SUR YDãL WLVNiUQX GRGUåRYDW
tFt
]iVDG\=
t
YHMWH UXþQtSRGDYDþ1
t
YHMWH ]DGQtYêVWXSQt]iVREQtN1
tEê
W XUþHQD SUR ODVHURYp WLVNiUQ\
t
QHER NRS
EDUHYQp ODVHURYp WLVNiUQ\ D NRS
DOHVSR6 533ƒ&1
t
WN\E\P,O\ SRNUêYDW FHORX SORFKX DUFKX1
QHVP
WLVNiUQ\1
UN\1 1HSRXåtYHMWH PpGLD XUþHQi SUR
t
UN\1
t
SR GREX DOHVSR6 3/4 V Y\GUåHW WHSORWX
t
WN$ QHER VDPROHSLFtSRGNODG
S<LMtWGRS<tPpKR VW\NX V MDNRXNROLY þiVW
t
t
14
2.,3$*( 47H[/47L/47L2Q
Page 19
,QVWDODFH SDStUX
41 =H VSRGQtþiVWL WLVNiUQ\ Y\MP,WH ]iVREQtNSDStUX
ê
DYORåWHGRQ,M RE\þHMQ DE\ KURPiGND SDS
YRG
t
WNiFK+4,1
51 1DVWDYWH ]DUiåNX +5, WDN/ DE\ MHM
t
GDOD YHOLNRVWL SRXåLWpKR SDStUX1 =DUiåNX O]H
RGSRY
t
QDVWDYLW ]YHGQXW
P D SRVXQXWtP GR åiGDQp SRORK\1
NDQFHOi<VNêSDStUWDN/
t
UX QHS<HY\ãRYDOD ]QDþN\ QD
t
SRORKD S<HVQ,
ýHVN\
51 6WiKQ,WH GRO$ UXþQt SRGDYDþ +5, D XSUDYWH YRGtWND
SDStUX WDN/ DE\ RGSRYtGDOD ãt<FH SRXåLWp REiON\1
61 2EiONX YORåWH FKORSQt GRO$ D N OHYpPX RNUDML/
WDN/ DE\ ML WLVNiUQD PRKOD XFKRSLW1
71 9 DSOLNDFL ]YROWH S<tVOXãQRX StVPD D RULHQWDFL QD
ãt<NX D VSXVW,WH WLVN1
61 1DVWDYWH YRG
71 =iVREQ
SDStUX +7, SRVN\WXMH YL]XiOQtNRQWUROX/ NROLN
t
UX MHãW, ]EêYi Y ]iVREQtNX1
SDS
t
WND SDStUX +6,1
t
N ]DVX6WH GR WLVNiUQ\1 8ND]DWHO PQRåVWY
7LVN REiOHN
41 9\Wi K Q, WH QiVWDYHF ]DGQtKR YêVWXSX +4, Då SR
t
]DSDGQXW FKORSH61
8åLYDWHOVNi S<tUXþND
]iSDGN\ D Y\NORSWH SRGS$UQRX
1DVWDYHQtNYDOLW\ WLVNX
t
3URFHV ]DIL[RYiQt Y\WLãW,QpKR REUD]X QD SRGNODG ]DKUQXMH NRPELQDFL S$VREHQt WHSORW\ D WODNX1 3<tOLã PQRKR WHSOD P$åH ]S$VRELW ]YOQ,Qt WHQNpKR SDStUX/ ]DWtPFR PiOR WHSOD DSOLNRYDQpKR QD WOXVWê SDStU Pi ]D QiVOHGHN QHGRNRQDOp ]DIL[RYiQt WRQHUX QD SRGNODG1
7LVNiUQX QDVWDYtWH SUR U$]Qp KRGQRW\ WORXã SRPRFt QDVWDYHQt SDUDPHWUX 0(',$ 7<3( Y QDEtGFH
W¶N\ SDStUX
15
Page 20
0(18 41 9 QiVOHGXMtFt WDEXOFH MVRX XYHGHQ\ LQWHUYDO\ JUDPiåH SUR MHGQRWOLYp W\S\ PpGLt1
0pGLXP JUDPiå SDStUX
5
5
5
5
5
7LVN IyOL
7,åNp
6W<HGQ, W,åNp
6W<HGQ
t
6W<HGQ, OHKNp
/HKNp
t
438 455 J2P
;< 437 J2P
:7 ;; J2P
9: :6 J2P
8< 99 J2P
3<L WLVNX IyOLtMH W<HED SRXåtYDW UXþQtSRGDYDþ D W\S
tEê
PpGLD PXV
832=251+
-H0OL S<L WLVNX IyOL
W]P,Q,Q QD IyOLH QiVOHGRYQ,=
=
t
SRXåLWR QHVSUiYQp QDVWDYHQt/ P$åH GRMtW
NSRãNR]HQtWLVNiUQ\1
41 9QDE
t
GFH 0(18 4 ]YROWH Y SRORåFH 0(',$
t
7<3( S< 75$1635/ þ QDVWDYHQD QD RGSRY
ND] 0$18$/ )(('1 3DN ]YROWH
t
På ]DUXþtWH/ åH WLVNiUQD EXGH
t
GDMtFtIL[DþQtWHSORWX1
tFt
61 1DVWDYWH YRG
OLãW\ WDN/ DE\ RGSRYtGDO\ ãt<FH
IyOLH/ NWHURX FKFHWH ]DORåLW1
71 9 SRXåLWpP WLVNRYpP SURJUDPX ]YROWH UXþQ
SRGDYDþ D VSUiYQêUR]P,UPpGLD1
3R]QiPND=
3R WLVNX IyOL
t
QH]DSRPH6WH WLVNiUQX L SRXåLW
VRIWZDUH UHVHWRYDW QD WLVN QRUPiOQtKR SDStUX1
3DStU R Y\VRNp JUDPiåL QHER NDUWRQ
1RUPiOQtFHVWD SDStUX WLVNiUQRX RG YVWXSQtKR
t
NX SR KRUQtYêVWXSQt]iVREQtNS<HGVWDYXMH GY,
]iVREQ
t
NRPSOHWQ JUDPiåL D U$]Qp NDUW\ VH QD WpWR FHVW, Q,NG\ PRKRX ]DEORNRYDW/ SRS< ]DYHGHQ\1
3<L WLVNX QD WDNRYpWR PpGLXP SRXåLMWH UXþQ ]DGQ SDS PpGL
RWRþHQtD SURKQXWtSDStUX1 3DStU R Y\VRNp
t
SDG, Y$EHF QHPXVtEêW WLVNiUQRX
t
SRGDYDþ D
tYê
VWXS SDStUX1 3<L WRPWR XVSR<iGiQtMH FHVWD
t
UX WLVNiUQRX VNRUR ~SOQ, URYQi D O]H WDN X W,FKWR
t
GRViKQRXW QHMVSROHKOLY,MãtYêVOHGN\1
t
ê
51 2WHY<HWH UXþQ
t
FHP QDKRUX PH]L YRGtWND SDStUX1
O
16
t
SRGDYDþ WLVNiUQ\ D YORåWH IyOLL
2.,3$*( 47H[/47L/47L2Q
Page 21
7RQHU
.G\ Y\P,QLW WRQHURYRX ND]HWX
.D]HWX V WRQHUHP Y\P,6WH WHKG\/ MDNPLOHVHQDGLVSOHML
t
RYOiGDF WRPWR KOiãHQ DVL 433 VWUiQHN/ SDN ]REUD] S<HVWDQH WLVNQRXW1 7LVNiUQD ]DþQH ]QRYX WLVNQRXW/ MDNPLOH ND]HWX V WRQHUHP Y\P,Q
832=251+
'$UD]Q, VH GRSRUXþXMH SRXå ND]HW\1 3RXåLW ND]HW P$åH ]S$VRELW YiåQp SRãNR]HQtWLVNiUQ\1
KR SDQHOX REMHYtKOiãHQt721(5 /2:1 3R
t
MH WLVNiUQD VFKRSQD Y\SURGXNRYDW MHãW,
t
KOiãHQt721(5 (037< D
t
WH1
=
t
YDW SRX]H RULJLQiOQtWRQHURYp
t
QH]QDþNRYêFK QHER NRPSDWLELOQLFK QiSOQtD
ýHVN\
t
ND]HWD Y QRYp WLVNiUQ, PXVt]DSOQLW WRQHUHP
3UYQ QiGUåNX REUD]RYpKR YiOFH D QDV\WLW WRQHUHP Y\YROiYDF YiOHF1 3URWRWDWRSUYQtND]HWD SR LQVWDODFL Y\GUå REY\NOH NUDWãtGREX1
t
9êP,QD ND]HW\ V WRQHUHP
832=251+
3<L PDQLSXODFL V ND]HWRX V WRQHUHP SRVWXSXMWH RSDWUQ,1
'EHMWH QD WR/ DE\ WRQHU QHSRW<
PDWHULiO1
41 2WHY<HWH NU\W D Y\MP,WH VWDURX ND]HWX1
=
VQLO ãDW\ QHER MLQêSRUp]Q
t
t
t
äLYRWQRVW ND]HW\ V WRQHUHP
7R/ MDN GORXKR ND]HWD Y\GUåt/ ]iYLVtQD KXVWRW, WLVNX1
ê
7\SLFN SRNU\WR EDUYRX> JUDILND Pi REY\NOH Y,Wã
t
þ VSRW<HERYiYi U\FKOHML1 3<L KXVWRW, WLVNX 8( Y\GUå WRQHURYi ND]HWD S<LEOLåQ, QD 7/333 VWUDQ1 0,MWH YãDN QD SDP,WL/ åH WRWR MH SRX]H SU$P,UQi KRGQRWD/ VNXWHþQp KRGQRW\ VH PRKRX U$]QLW1
8åLYDWHOVNi S<tUXþND
GRSLV Pi ]KUXED 6( 8( SORFK\ SDStUX
t
KXVWRWX WLVNX1
PMHY,WãtSRGtOWPDYêFK SORFK S<L WLVNX/ WtPVHWRQHU
51 1RYRX ND]HWX SURW<HSWH/ DE\ VH WRQHU URYQRP,UQ,
UR]SURVW<HO1
61 5R]EDOWH QRYRX WRQHURYRX ND]HWX D SHþOLY, ]Q
VWiKQ,WH RFKUDQQRX SiVNX1
t
t
17
Page 22
71 .D]HWX YORåWH GR WLVNiUQ\/ OHYRX VWUDQRX QDS<HG/
MDN MH ]Qi]RUQ,QR QD REUi]NX +4,1
81 %DUHYQ
XYROQ
t
êYê
VWXSHN SRVX6WH GRS<HGX/ þtPå VH WRQHU
GR QiV\SN\ +5,1
91 8]DY<HWH NU\W WLVNiUQ\ WDN/ DE\ ]DSDGOD ]iSDGND1
18
2.,3$*( 47H[/47L/47L2Q
Page 23
2EUD]RYêYiOHF
ýHVN\
.G\ Y\P,QLW REUD]RYêYiOHF
3RWp/ FR REUD]RYêYiOHF GRViKQH <3( VYp åLYRWQRVWL/ QD
t
GLVSOHML RYOiGDF '5801 .D]HWX REUD]RYpKR YiOFH Y\P,6WH/ MDNPLOH WLVN ]DþQH E
KR SDQHOX VH REMHYtKOiãHQt&+*
ê
WQH]<HWHOQêQHER UR]PD]DQê1
äLYRWQRVW REUD]RYpKR YiOFH
äLYRWQRVW REUD]RYpKR YiOFH ]iYLVtQD <DG, IDNWRU$/
t
NODG WHSORW, DYOKNRVWL/W\SX SRXåtYDQpKR SDStUX D
QDS<
tFt
SRþWX VWUiQHN S<LSDGDM 2EUD]RY
S<LSU$P,UQp YHOLNRVWL ~ORK\ 4 VWUDQD/ 47333 VWUDQ S<L SU$P,UQpP WLVNX W< NRQWLQXiOQ QHER L SRGP SDS
3UYQ WRQHUHP QiGUåNX REUD]RYpKR YiOFH D QDV\WLW WRQHUHP Y\YROiYDF Y\GUå
ê
YiOHF E\ P,O Y\GUåHW DOHVSR6 QD <333 VWUDQ
t
P WLVNX1 7\WR KRGQRW\ MVRX RULHQWDþQt/
SRNDåGp WLVNQHWH MLQêSRþHW VWUDQ D PRKRX VH OLãLW
t
QN\/ Y QLFKå WLVNiUQD SUDFXMH/ D W\S SRXåLWpKR
t
UX1
t
ND]HWD Y QRYpP REUD]RYpP YiOFL PXVt]DSOQLW
t
YiOHF1 3URWRWDWRSUYQtND]HWD SR LQVWDODFL
t
MHQ NUDWãtGREX1
FK QD MHGQX ~ORKX1
t
VWUDQ ]iURYH6 D 53333 VWUDQ S<L
9êP,QD REUD]RYpKR YiOFH
832=251+1Ë=
1LNG\ QHQHFKHMWH REUD]RY 8PLQXW1 1LNG\ QHY\VWDYXMWH REUD]RY
t
VOXQHþQ RNUDMH1 1LNG\VHQHGRWêNHMWH SRYUFKX ]HOHQpKR YiOFH1
PX VY,WOX1 2EUD]RYêYiOHF GUåWH YåG\ SRX]H ]D
41 2WHY<HWH NU\W D Y\MP,WH SRXåLW
51 1RY
ê
YiOHF +5, Y\EDOWH D VHMP,WH ] Q,M RFKUDQQRX
IyOLL +4,1
ê
YiOHF QD GHQQtPVY,WOHGpOHQHå
ê
YiOHF S<tPpPX
ê
REUD]RYêYiOHF1
8åLYDWHOVNi S<tUXþND
19
Page 24
61 1RYêREUD]RYêYiOHF +4, YORåWH GR WLVNiUQ\ WDN/
tYê
DE\ YRGLF Y\EUiQ
VWXSN\ ]DSDGO\ GR S<tVOXãQêFK
t
YW,OH WLVNiUQ\1
9\QXORYiQtSRþLWDGOD REUD]RYpKR YiOFH
3R YêP,Q, REUD]RYpKR YiOFH MH SRW<HEQp Y\QXORYDW
t
VOXãQp SRþLWDGOR/ DE\ VH ]DFKRYDO S<HKOHG R SRþWX
S<
ê
Y\WLãW,Q 41 =DSQ,WH WLVNiUQX D VRXþDVQ, VWLVNQ,WHDSRGUåWH
FK VWUDQ1
NOiYHVX 0(18 42
RYOiGDF
t
KR SDQHOX VH ]REUD]tKOiãND 86(50171
0HQX 5
1 1D GLVSOHML
71 9\MP , WH Y\VW
ê
ONRYêPDWHULiO ] REUD]RYpKR YiOFH
D ]DKR'WH MHM1
81 1DLQVWDOXMWH QRYRX ND]HWX V WRQHUHP1 3RVWXSXMWH
ê
SRGOH SRN\Q$ XYHGHQ
FK Y þiVWL ³9êP,QD ND]HW\
V WRQHUHP´1
91 8]DY<HWH NU\W WLVNiUQ\ WDN/ DE\ ]DSDGOD ]iSDGND1
:1 3RGOH QiVOHGXM
tFt
FK SRN\Q$ Y\QXOXMWH SRþLWDGOR
REUD]RYpKR YiOFH1
20
51 6WLVNQ,WH W<LNUiW SR VRE, NOiYHVX 0(18 42
5
1 1D GLVSOHML VH ]REUD]
t
KOiãHQt'580 &17
0HQX
5(6(71
61 6WLVNQ,WH NOiYHVX (17(51 3RþLWDGOR VH Y\QXOXMH
DWLVNiUQDS<HMGH GR UHåLPX 210/,1(1
2.,3$*( 47H[/47L/47L2Q
Page 25
ýHVN\
6WDYRYi KOiãHQ
t
9 WpWR þiVWL MVRX Y\VY,WOHQD U$]Qi KOiãHQt/ NWHUi VH
t
]REUD]XM RYOiGDF
QD MHGQRP QHER RERX <iGFtFK GLVSOHMH
t
KR SDQHOX1 WWWWWW 75$<4/ )(('(5/ 75$<5+YROLWHOQp, 75$<4 KRUQ 75$<5 ]iVREQ )(('(5 XQLYHU]iOQ ª 2]QDþXMH/ åH GUXK
+OiãHQt 3RSLV
210/,1( ;;;
2))0/,1( 2]QDþXMH/ åH WLVNiUQD MH Y UHåLPX 2))0/,1(1
45=33 ;;; 2]QDþXMH/ åH WLVNiUQD SUiY, S<LM
45=33 ;;;
35,17,1* 7LVNiUQD SUiY, WLVNQH1
1236
3:5 6$9( 2]QDþXMH/ åH WLVNiUQD SUDFXMH Y ~VSRUQpP UHåLPX1
721(5/2:
721(5616 &K\ED WRQHURYpKR þLGOD1
&+* '580
t
]iVREQtN
t
N
t
SRGDYDþ
ê
<iGHN VH SRVRXYi1
2]QDþXMH/ åH WLVNiUQD MH Y UHåLPX 21 /,1(1 ;;; +3 3&/9/ );/ 335/ :,1/ $8721
t
Pi GDWD1
2]QDþXMH/ åH YH Y\URYQiYDF QDFKi]HM
t
GDWD1
8SR]RU6XMH QD WR/ åH S< NWHU
ê
QD WLVNiUQ, QHQtQDLQVWDORYiQ1
8SR]RU6XMH QD WR/ åH PQRåVWY Q
t
]NRX ~URYH61 0$åH GRMtW N RYOLYQ,QtNYDOLW\ WLVNX1
8SR]RU6XMH QD WR/ åH REUD]RYê YiOHF WLVNiUQ\ Pi SURãORX åLYRWQRVW1 0$åH GRMtW N RYOLYQ,Qt NYDOLW\ WLVNX1
t
SDP,WL WLVNiUQ\ VH
t
ND] 3-/ Y\EUDO MD]\N WLVNiUQ\/
t
WRQHUX Y ND]HW, NOHVOR QD
+OiãHQt 3RSLV
35,17,1* QQQ2PPP
5(6(7
35,17 )2176
35,17 &/($1,1*
35,17 '(02
35,17 0(18
0$18$/ &5(48(67
&/($1,1* 0$18$/&
WWWWW 3$3(5287
2]QDþXMH SUREtKDMtFt WLVN NRSLt1 QQQ DNWXiOQt VWUiQND1 PPP FHONRYê SRþHW NRSLt1
7LVNiUQD Y\PDåH ]EêYDMtFt GDWD YH Y\URYQiYDFt SDP,WL D UHVHWXMH QDEtGNX QD LPSOLFLWQt XåLYDWHOVNi QDVWDYHQt1 6PD]iYDMt VH L ~GDMH GRþDVQêFK VRXERU$ '//2 PDNURLQVWUXNFt1
7LVNiUQD Y\WLVNQH YãHFKQ\ W\S\ StVPD/ NWHUp MVRX NGLVSR]LFL1 .RQWUROND 5($'< VYtWt 0 WLVN VSRXãWt VRIWZDURYê S<tND]1 .RQWUROND 5($'< EOLNi 0 WLVN VH VSRXãWt NOiYHVRX1
8 WLVNiUQ\ SUREtKi þLãW,Qt1
7LVNiUQD Y\WLVNQH GHPRVWUiQNX1 .RQWUROND 5($'< VYtWt 0 WLVN VSRXãWt VRIWZDURYê S<tND]1 .RQWUROND 5($'< EOLNi 0 WLVN VH VSRXãWt NOiYHVRX1
7LVNiUQD Y\WLVNQH DNWXiOQt QDVWDYHQt QDEtGHN1 .RQWUROND 5($'< VYtWt 0 WLVN VSRXãWt VRIWZDURYê S<tND]1 .RQWUROND 5($'< EOLNi 0 WLVN VH VSRXãWt NOiYHVRX1
7LVNiUQD Y\åDGXMH MLQê IRUPiW SDStUX1 & IRUPiW SDStUX1
7LVNiUQD Y\åDGXMH/ DE\ SUR þLãW,Qt E\O YORåHQ IRUPiW SDStUX &1
8SR]RU6XMHQDWR/åH ]iVREQtN SDStUX MH SUi]GQê1
8åLYDWHOVNi S<tUXþND
21
Page 26
+OiãHQt 3RSLV
&29(5 75 23(1
WWWWW PPP 3$3(5 5(48(67
0(025< 29(5)/2:
5(&%8) 29(5)/2:
35,17 29(5581
+267 ,2) (5525
721(5 (03
WWWWWW 6,=( (55
WWWWWW ,1387 -$0
8SR]RU6XMHQDWR/åH NU\W ]iVREQtN þ15MH RWHY<HQ1
3RåDGDYHN QD SDStU R UR]P,UX PPP1 WWWWW 75$< 4/ )(('(5 75$< 5+YROLWHOQê,1
'RãOR N S<HWHþHQt SDP,WL ] MHGQRKR ] QiVOHGXMtFtFK G$YRG$= ‡3<tOLã PQRKR GDW QD VWUiQFH1 ‡3<tOLã PQRKR GDW PDNURLQVWUXNFt1 ‡3<tOLã PQRKR GDW Y VRXERUHFK '//1 3R VWLVNQXWt NOiYHV\ 5(&29(5 P$åHWH SRNUDþRYDW1 1DLQVWDOXMWH GDOãt SDP, VWUiQFH1
'RãOR N S<HWHþHQt S<LMtPDFt Y\URYQiYDFt SDP,WL1 3R VWLVNQXWt NOiYHV\ 5(&29(5 P$åHWH SRNUDþRYDW1 3& LJQRUXMH VLJQiO Y\WtåHQt WLVNiUQ\ Y UR]KUDQt/ ]NRQWUROXMWH NROtN\ NDEHOX D MHMLFK ]DSRMHQt1
5\FKORVW ]SUDFRYiQt WLVNRYp ~ORK\ QHVWDþt U\FKORVWL SRVXQX SDStUX1 3R VWLVNQXWt NOiYHV\ 5(&29(5 P$åHWH SRNUDþRYDW1 =MHGQRGXãWH IRUPiWRYDFt SDUDPHWU\ VWUiQN\1
8SR]RU6XMH QD FK\EX Y VtWL QHER Y UR]KUDQt 56565&1 =NRQWUROXMWH SURWRNRO\ WLVNiUQ\ D KRVWLWHOH1 3R VWLVNQXWt NOiYHV\ 5(&29(5 P$åHWH SRNUDþRYDW1
8SR]RU6XMHQDWR/åH GRãOR N SRNOHVX PQRåVWYt WRQHUX Y ND]HW, SRG ~URYH6 721(5/2:DåHMHND]HWX V WRQHUHP W<HED Y\P,QLW1
=MLãW,QD QHVSUiYQi YHOLNRVW SDStUX1 &KFHWH0OL SRNUDþRYDW/ RWHY<HWH NU\W WLVNiUQ\ D ]QRYX MHM ]DY<HWH1 =NRQWUROXMWH IRUPiW SDStUX/ S<tSDGQ, WR/ ]GDVHGR WLVNiUQ\ QHGRVWDO\ GYD SDStU\ QDMHGQRX1
=MLãW,QR ]DEORNRYiQt SDStUX S<L SRGiYiQt SDStUX ]H ]iVREQtNX1 =NRQWUROXMWH SDStU Y ]iVREQtNX1 &KFHWH0OL SRNUDþRYDW/ RWHY<HWH NU\W WLVNiUQ\ D ]QRYX MHM ]DY<HWH1
/ DE\VWH VQtåLOL SRþHW GDW QD
+OiãHQt 3RSLV
WWWWWW )((' -$0
WWWWWW (;,7 -$0
0(18 1DVWDYHQt QDEtGN\1 &29(5
23(1
((3520 5(6(77,1*
(5525 QQ
(5525 2Q DDDDDDDD
6,000520 (5525
,1,7,$/0 ,=,1*
5(6(7 72 6$9(
=MLãW,QR ]DEORNRYiQt SDStUX S<L SRGiYiQt SDStUX1 9\WiK Q , WH ]DEORNRYDQê OLVW SDStUX1 &KFHWH0OL SRNUDþRYDW/ RWHY<HWH NU\W WLVNiUQ\ D ]QRYX MHM ]DY<HWH1
=MLãW,QR ]DEORNRYiQt SDStUX YH YêVWXSQt þiVWL WLVNiUQ\1 2WHY<HWH NU\W WLVNiUQ\/ Y\WiKQ,WH ]DEORNRYDQê SDStU D SR ]DY<HQt NU\WX P$åHWH ]QRYX SRNUDþRYDW1
.U\W MH RWHY<HQ1 3<LWODþWH QD Q,M/ DE\ E\O VSUiYQ, X]DY<HQ1
&K\ED NRQWURO\ ((3520 ,'1 6WLVNQXWtP NOiYHV\ 5(&29(5 SURYHW,WH UHVHWRYiQt ((3520 QD LPSOLFLWQt WRYiUQt QDVWDYHQt1
8 WLVNiUQ\ E\O ]MLãW,Q DEQRUPiOQt VWDY1 7LVNiUQX Y\SQ,WH D ]QRYX ]DSQ,WH/ SRNXG SUREOpP S<HWUYiYi/ VSRMWH VH VH VHUYLVQtP WHFKQLNHP1
8 <DGLþH E\O ]MLãW,Q DEQRUPiOQt VWDY1 7LVNiUQX Y\SQ,WH D ]QRYX ]DSQ,WH/ SRNXG SUREOpP S<HWUYiYi/ VSRMWH VH VH VHUYLVQtP WHFKQLNHP1 DDDDDDDD DGUHVD FK\E\1
&K\ED S<L NRQWUROH VRXþWX 6,001
3R ]DSQXWt VH WLVNiUQD QDFKi]t Y UHåLPX LQLFLDOL]DFH +S<HG S<HFKRGHP QD UHåLP 210/,1(,1
7LVNiUQD SRåDGXMH/ DE\ NOiYHVD 5(6(7 E\OD VWLVNQXWD GpOH QHå 5 VHNXQG\/ SURWRåH PXVt ]DSVDW QRYi GDWD QDEtGN\ GR SDP,WL ((35201
22
2.,3$*( 47H[/47L/47L2Q
Page 27
3tVPD
ýHVN\
&R MH WR StVPR"
3tVPR S<HGVWDYXMH PQRåLQX ]QDN$/ NWHUp MVRX FKDUDNWHUL]RYiQ\ WYDUHP 0 W\SHP StVPD/ YHOLNRVWt StVPD +QDS<145ERG$, D <H]HP StVPD +QDS<1 WXþQp/ NXU]tYD/ WXþQi NXU]tYD,1 8 SRþtWDþRYpKR WLVNX StVPHP UR]XPtPH REHFQ YãHFKQ\ YHOLNRVWL D <H]\ StVPD XUþLWpKR W\SX1 3tVPD PRKRX
,
EêW Y WLVNiUQiFK UR]G UDVWURYi StVPD D YHNWRURYi +REU\VRYi, StVPD1
5DVWURYi StVPD MVRX GHILQRYiQD SRPRFt Y]RU$ VHVWiYDMtFtFK ] WHþHN +RGSRYtGDMtFtFK UR]OLãHQt WLVNiUQ\,/ NWHUp WYR<t S<tVOXãQp ]QDN\1 7\WR ]QDN\ PDMt SHYQRX YHOLNRVW D MHMLFK WLVN Y MLQp YHOLNRVWL QHSRVN\WXMH QHMNYDOLWQ
9HNWRURYi StVPD MVRX GHILQRYiQD SRPRFt PDWHPDWLFNêFK N<LYHN1 3<L WLVNX WLVNiUQD SRXåLMH XORåHQp N<LYN\ ]QDN$ NWRPX/DE\ Y\WYR<LOD ELWPDSX NDåGpKR ]QDNX Y SRåDGRYDQp YHOLNRVWL D <H]X/ YåG\ Y SOQpP UR]OLãHQt WLVNiUQ\1 7DNRYiWR StVPD MVRX SURWR R]QDþRYiQD MDNR ãNiORYDWHOQi/ QHERW, VL ]DFKRYiYDMt QHMY\ããt NYDOLWX WLVNX L
,Q,
S<L]P
YHOLNRVWL StVPD1
OHQD QD GY,]iNODGQt VNXSLQ\=
,
Mãt YêVOHGN\1
7LVN VH]QDPX W\S$ StVPD
41 6WLVNQXWtPNOiYHV\210/,1( XYHGHWH WLVNiUQX
GR UHåLPX RII0OLQH1
51 6WLVNQ,WH NOiYHVX 75$< 7<3(23ULQW )RQWV SR GREX
QHMPpQ, GYRX VHNXQG1 1D GLVSOHML VH REMHYtKOiãHQ )2176+33&/91
61 6WLVNQ,WH NOiYHVX (17(51
,
ML
71 3R FKYLOFH EXGRX Y\WLVNQXW\ GY, VWUiQN\
V LQIRUPDFHPL R W\SHFK S StVPD1
t
VPD/ YþHWQ, Y]RUN$ W\S$
t
3RXåLWtW\S$ StVPD
9,WãLQD SURJUDP$ SUR :LQGRZV XPRå6XMt VQDGQê YêE,U W\S$ StVPD SRXåLWêFK Y GRNXPHQWHFK1 9W,FKWR S<tSDGHFK MH YêE,U <t]HQ GDQRX DSOLNDFt QD KRVWLWHOVNpP 3&/ QHER S<tPR V\VWpPHP :LQGRZV1 8 MLQêFK VRIWZDURYêFK SODWIRUHP PXVt EêW StVPD GHILQRYiQ\ SRPRFt ]YOiãWQtFK NyG$ +W]Y1 HVFDSH VHNYHQFt,/ NWHUp MVRX VRXþiVWt SDUDPHWU$ WLVNRYêFK ~ORK1 7DWR SUREOHPDWLND S<HVDKXMH UR]VDK WpWR S<tUXþN\1 6H]QDP W\S$ StVPD ]PtQ þiVWL YãDN REVDKXMH L YêSLV SRW<HEQêFK NyG$1 9\XåLWt W,FKWR NyG$ YãDN UDG SURJUDPiWRU$P1
,
ML S<HQHFKHMWH SURIHVLRQiOQtP
,
Qê Y S<HGFKi]HMtFt
=QDNRYp VDG\
7LVNiUQD SRVN\WXMH Q,NROLN VSHFLiOQtFK VDG WHFKQLFNêFK/ SUiYQtFK/ JUDILFNêFK D VWDQGDUGQtFK DOIDQXPHULFNêFK ]QDN$ D ]QDN$ QiURGQtFK DEHFHG1 .DåGê W\S StVPD P$åH Y\XåtYDW ]QDN\ ] MHGQp þL Q,NROLND WDNWR GHILQRYDQêFK ]QDNRYêFK VDG
8åLYDWHOVNi S<tUXþND
23
Page 28
ÒGUåED WLVNiUQ\
1DEtGND ~GUåED
7DWR QDEtGND VH SRXåtYi SUR ~GUåEX WLVNiUQ\ D QDVWDYHQt Q
,
NWHUêFK SURYR]QtFK IXQNFt1 &KFHWH0OL YVWRXSLW GR
QDEtGN\ ~GUåE\=
41 9\SQ,WH KODYQt VtW¶RYê VStQDþ WLVNiUQ\1 51 6WLVNQ,WH D SRGUåWH NOiYHVX 0(18 420HQX 5 D
WLVNiUQX ]QRYX ]DSQ,WH1 1D GLVSOHML VH REMHYt KOiãHQt 86(5 0171
61 2SDNRYDQêP WLVNQXWtP NOiYHV\ 0(18 420HQX 5
SRVWRXStWH Då QD SRåDGRYDQRX NDWHJRULL1
71 6WLVNQXWtP NOiYHV\ (17(5 VSXVWtWH SRåDGRYDQRX
IXQNFL1 6WLVNQXWtP NOiYHV\ GDOãt PRåQRVWL/ VWLVNQXWtP NOiYHV\ (17(5
SRåDGRYDQRX PRåQRVW Y\EHUHWH1 81 6WLVNQXWtP NOiYHV\ 21 /,1( UHODFL XNRQþtWH1 9 QiVOHGXMtFt WDEXOFH MVRX XYHGHQ\ MHGQRWOLYp IXQNFH
QDEtGN\ ~GUåE\1
)XQNFH 3RSLV
0(18 5(6(7 5HVHWXMH QDEtGNX ~URYQ,4 QD WRYiUQt QDVWDYHQt1
+(; '803
'580 &17 5(6(7
9\WLVNQH KH[DGHFLPiOQt YêSLV S<LMDWêFK GDW SUR GLDJQRVWLFNp ~þHO\1 &KFHWH0OL UHODFL XNRQþLW/ Y\SQ WLVNiUQX1
,Q,
3R YêP REUD]RYpKR YiOFH1
ND]HW\ REUD]RYpKR YiOFH Y\QXOXMWH SRþLWDGOR
X
25HVHWVLSURKOpGQHWH
)XQNFH 3RSLV
',6$%/( 9\StQi YãHFKQD WODþtWND QD RYOiGDFtP
23 0(18
5(& %8))
; $'-867
< $'-867
51' 75$<
SDQHOX/ V YêMLPNRX NOiYHV\ 21 /,1(1 (1$%/( 9ãHFKQD WODþtWND MVRX DNWLYQt1
$XWR/;.%/53.%/83.%/433.%1+,PSOLFLWQt QDVWDYHQt $XWR,1
,
1DVWDYXMH YRGRURYQp XPtVW =QDPpQNR SOXV +., ]QDPHQi SRVXQ GRSUDYD/ ]QDPpQNR PLQXV +0, SRVXQ GROHYD1
1DVWDYXMH VYLVOp XPtVW SOXV +., ]QDPHQi SRVXQ GRO$/ ]QDPpQNR PLQXV +0, SRVXQ QDKRUX1
4«491 +$GUHVD GUXKpKR ]iVREQtNX SDStUX1 ,PSOLFLWQt QDVWDYHQt 8,
Qt WLVNX SR 3/58 PP1
,
Qt WLVNX SR 3/58 PP1 =QDPpQNR
7LVN þLVWLFtVWUiQN\
3RNXG VH X WLVNiUQ\ SURMHYXMt ]QiPN\ EOHGQXWt D GRFKi]t N YêVN\WX SUXK$ D QiKRGQêFK VNYUQ/ O]H Q,NG\ SUREOpP RGVWUDQLW Y\WLVNQXWtP þLVWtFt VWUiQN\1 3RVWXSXMWH QiVOHGRYQ,=
41 6WLVNQXWtP NOiYHV\ 210/,1( XYHGHWH WLVNiUQX
,
WH
GR UHåLPX RII0OLQH1
51 6RXþDVQ, VWLVNQ,WH NOiYHV\ W25HFRYHU D X25HVHW
D SRGUåWH MH SR GREX QHMPpQ, GYRX VHNXQG1 1D GLVSOHML VH REMHYt KOiãHQt &/($1,1* D 0$18$/ $7 6,=( 5(48(671
24
2.,3$*( 47H[/47L/47L2Q
Page 29
61 6WiKQ,WH ]iVREQtNUXþQtKR SRGDYDþH +4, DXSUDYWH
t
UR]HVWXS YRG
71 'R ]iVREQ
E,åQpKR SDS
81 3R ]DYHGHQ
WHN SDStUX QD SRåDGRYDQêIRUPiW1
t
NX UXþQtKR SRGDYDþH YORåWH OLVW
t
UX IRUPiWX $71
t
SDStUX VH QD GLVSOHML REMHYtKOiãHQ
t
35,17 &/($1,1*1 3R YêVWXSX ] WLVNiUQ\ MH OLVW
t
UX QDãHGOêDQHP$åH MLå EêW SRXåLW1
SDS
91 6WLVNQXW
t
P NOiYHV\ RQ0OLQH XYHGHWH WLVNiUQX
]QRYX GR UHåLPX 210/,1(1
:1 3RNXG L QiVOHGQ
ê
WLVN Y\ND]XMH ]QiPN\ EOHGQXW QHER QHVWHMQRP,UQpKR QDQiãHQtWRQHUX/ ]NXVWH Y\P,QLW ND]HWX V WRQHUHP1
ýHVN\
ýLãW,QtSROH GLRG /('
3ROH GLRG /(' Y\þLVW,WH YåG\ SR YêP,Q, WRQHURYp
ê
tFt
FK
P
ND]HW\ QHER NG\å ]D]QDPHQiWH WLVN Y\EOHGO
t
YHUWLNiOQ
FK SORFK QHER SUXK$1
3ROH GLRG /(' +4, RSDWUQ, Y\þLVW,WH þLVW
ê
SROãWi<NHP/ NWHU ND]HWRX1 0$åHWH SRXå XW,UNX/ NWHUi MH XUþHQD SUR þLãW,Q
VH GRGiYi V QRYRX WRQHURYRX
t
W L MDNRXNROLY DQWLVWDWLFNRX
t
SRþtWDþRYêFK
NRPSRQHQW1
t
8åLYDWHOVNi S<tUXþND
25
Page 30
2GVWUD6RYiQtSUREOpP$
8YROQ,Qt]DEORNRYDQpKR SDStUX
3DStU VH Y WLVNiUQ, P$åH ]DEORNRYDW QD MHGQRP ]H W< PRåQêFK PtVW1 1D VWDYRYpP PRQLWRUX WLVNiUQ\ MH
t
XYHGHQR/ NGH N ]DEORNRYiQ ‡ ,1387 -$0 0 SDS
~VS,ãQ, ]DYHGHQ GR YQLW<Q WLVNiUQ\1
)((' -$0 0 SDS
QHGRVWDO VH N Y
(;,7 -$0 0 SDS
QHRSXVWLO WLVNiUQX ~SOQ,1
ê
SDStUX GRãOR=
t
U QHRSXVWLO ]iVREQtN D QHE\O
t
SRVXYQp GUiK\
t
U YVWRXSLO GR WLVNiUQ\/ DOH
VWXSX1
t
UVHGRVWDODåNYêVWXSX/ DOH
=DEORNRYiQtQD YVWXSX
41 9\Wi KQ , WH ]iVREQtNSDStUX ] WLVNiUQ\1 51 2GVWUD6WH SRPDþNDQp QHER S<HORåHQp OLVW\
t
UX1
SDS
61 =NRQWUROXMWH/ ]GD X ]DGQ
t
]P,Q, QDVWDYHQ
71 2GVWUD6WH YãHFKQ\ OLVW\ SDS
VSRGQ
t
þiVWL WLVNiUQ\1
81 =DVX6WH ]iVREQ
YãHFK SRãNR]HQêFK QHER QHVSUiYQ, ]DYHGHQêFK OLVW$ SDS
t
t
NSDStUX QD PtVWR1 3R RGVWUDQ,Q
t
UX E\ WLVNiUQD P,OD SRNUDþRYDW Y SUiFL1
t
KR QiVWDYFH QHGRãOR NH
IRUPiWX SDStUX1
t
UX QDFKi]HMtFtVH YH
t
=DEORNRYiQtE,KHP SRVXYX QHER QD YêVWXSX
41 9\Wi KQ , WH ]iVREQtN D RGVWUD6WH YãHFKQ\
t
QHVSUiYQ, ]DYHGHQp OLVW\ SDS
51 2WHY<HWH NU\W1
9é675$+$
9 SURVWRUX IL[DþQ
REODVW MH MDVQ, Y\]QDþHQD1 1('27é.$7 6($
832=251+
1LNG\ QHQHFKHMWH REUD]RY 8 PLQXW1 1LNG\ QHY\VWDYXMWH REUD]RY
t
VOXQHþQ RNUDMH1 1LNG\VHQHGRWêNHMWH SRYUFKX ]HOHQpKR YiOFH1
PX VY,WOX1 2EUD]RYêYiOHF GUåWH YåG\ SRX]H ]D
MHGQRWN\ EXGH Y\VRNi WHSORWD1 7D WR
t
=
ê
YiOHF QD GHQQtPVY,WOH GpOH QHå
UX1
ê
YiOHF S<tPpPX
26
2.,3$*( 47H[/47L/47L2Q
Page 31
61 2SDWUQ, Y\MP,WH REUD]RYêYiOHF VSROX
ê
V WRQHURYRX ND]HWRX1 1HGRW QHSRãNUiEHMWH ]HOHQ
71 = GUiK\ SRVXYX SDS
ê
t
UX RGVWUD6WH YãHFKQ\
]DEORNRYDQp OLVW\ SDS
81 =QRYX GR WLVNiUQ\ YORåWH REUD]RY
t
]DSDGO GR Y\EUiQ
SR VWUDQiFK W,OHVD WLVNiUQ\1
NHMWH VH D
SRYUFK YiOFH1
t
UX1
ê
YiOHF WDN/ DE\
91 8]DY<HWH NU\W WLVNiUQ\ WDN/ DE\ ]DSDGOD ]iSDGND1
:1 7LVNiUQD VH ]DþQH ]DK<
t
YDW QD SUDFRYQtWHSORWX D
SRVWXSQ, ]DþQH V WLVNHP1 6WUiQND/ RNWHURXMVWH
t
S<LãOL Y G$VOHGNX ]DEORNRYiQ
/ EXGH DXWRPDWLFN\
Y\WLãW,QD ]QRYX1
3R]QiPND=
3RNXG MH RNUDM ]DEORNRYDQpKR OLVWX SDS
ê
Y\VXQXW ] Y
ê
VWXSX YLG,W/ QDVD'WH REUD]RYêYiOHF/
Y X]DY<HWH KRUQ =DEORNRYDQ
VWXSQtKR RWYRUX QHER MH QD
t
NU\W D WLVNiUQX ]DSQ,WH1
ê
SDStUQDYêVWXSX RGVWUDQtWH
VQi]H/ MDNPLOHVHSRQ,NROLND VHNXQGiFK RG
t
]DSQXW Y
WLVNiUQ\ ]DþQH RWiþHW SRVXYQêYiOHF
ê
VWXSX1 3RNXG ]DEORNRYDQêOLVW SDStUX
QHO]H RGVWUDQLW DQL WDNWR/ VSRMWH VH VH
t
VHUYLVQ
P WHFKQLNHP1
ýHVN\
3UREOpP\ V NYDOLWRX WLVNX
1Hå VH V SUREOpPHP NYDOLW\ WLVNX VY,<tWH VHUYLVQtPX WHFKQLNRYL/ ]NRQWUROXMWHY QiVOHGXMtFt WDEXOFH/ ]GD SUREOpP QHP$åHWH Y\<HãLW VDPL QHER ]GD MVWH QD Q
6\PSWRP 3UREOpP ;HãHQt
.D]HWD REUD]RYpKR YiOFH
7LVN SUi]GQêFK SDStU$
&HOi VWUiQND MH Y\WLVNQXWD QH]<HWHOQ
,
t
UX
6WUiQNDPiãHGp SR]DGt1
&HOi VWUiQND VH Y\WLVNQH Y þHUQp EDUY
,
1
1D VWUiQFH VH RSDNRYDQ
,
REMHYXMt VWRS\ WRQHUX1
QHQt QDLQVWDORYiQD VSUiYQ
3Ui]GQi QHER FK\E ND]HWD V WRQHUHP1
3Ui]GQi ND]HWD V WRQHUHP1
-DNPLOH WRQHU ]DþQH GRFKi]HW/ WLVN SRVWXSQ EOHGQH1
1
3ROH GLRG /(' MH ]QHþLãW
6WDWLFNi HOHNW<LQD/ NWHUi VH Y\VN\WXMH KODYQC Y VXFKpP SURVW<HGt D ]S$VREXMH S<LFK\FRYiQt WRQHUX L QD SR]DGt1
+DUGZDURYê SUREOpP1
3RãNR]HQi ND]HWD ]REUD]RYDFtKR YiOFH ]S$VREXMH Y G$VOHGNX ãNUiEDQF$ QD SRYUFKX QHåiGRXFt VWRS\ WRQHUX RSDNXMtFt VH NDåGêFK 7139 FP1
,
1
,
MtFt
,
,
Qp1
,
FR QH]DSRPQ,OL1
1DLQVWDOXMWH ND]HWX REUD]RYpKR YiOFH VSUiYQ
1DLQVWDOXMWH QRYRX ND]HWX V WRQHUHP1
1DLQVWDOXMWH QRYRX ND]HWX V WRQHUHP1
9\þL V W
,
WH SROH GLRG /('1
3<HMG
,
WH QD KODGãt GUXK SDStUX SUR ODVHURYp WLVNiUQ\/ QHER SRXåLMWH ]YOKþRYDþ Y]GXFKX1
6SRMWH VH VH VHUYLVQtP WHFKQLNHP1
9\JHQHUXMWHþLVWLFt VWUiQNX/ VNYUQ\ PRKRX EêW SRX]H GRþDVQp1
,
1
8åLYDWHOVNi S<tUXþND
27
Page 32
6\PSWRP 3UREOpP ;HãHQt
1D NDåGp VWUiQFH VH Y\VN\WQH ãLNPi SORFKD QH]<HWHOQpKR VY,WOpKR WLVNX1
1D VWUiQFH VH Y\VN\WXMt VYLVOp EtOp ãPRXK\ QHER QH]<HWHOQp VY,WOp SORFK\1
6YLVOp þHUQp þiU\1 +DUGZDURYê SUREOpP1
1H]<HWHOQê WLVN1
'HIRUPDFH WLVNX1
9\E O HG O ê WL VN 1
âPRXKRYDQê QHER VNYUQLWê WLVN1
%9êSDGHN% ]S$VREHQê SRXåLWtP QDYOKOpKR SDStUX1
+ODGLQD WRQHUX MH Qt]Ni D WRQHU QHQt VSUiYQ, QDQiãHQ/ QHER MH RSRW<HEHQê YiOHF1
3ROH GLRG /(' MH ]QHþLãW,Qp1
3ROH GLRG /(' MH ]QHþLãW,Qp1
3UREOpP\ VRXYLVHMtFt V SRVXQHP SDStUX/ RVYLWHP/ QHER IL[DþQt MHGQRWNRX1
.D]HWD V WRQHUHP QHQt VSUiYQ, LQVWDORYiQD1
=QHþLãW,Qp XQiãHFt YiOHþN\/ WRQHU Y\V\SDQê XYQLW< WLVNiUQ\ QHER SUREOpP V REUD]RYêP YiOFHP1
=DP,6WH SDStU ]D MLQê GUXK/ ]NRQWUROXMWH SURVW<HGt/ YQ,På MH XORåHQD ]iVRED SDStUX/ QHER SRXåLMWH SRKOFRYDþ YOKNRVWL1 =NRQWUROXMWH QiSO6 WRQHUX1
9\P , QLW ND]HWX V WRQHUHP1 =NRQWURORYDW ND]HWX REUD]RYpKR YiOFH DYS<tSDG, SRW<HE\ ML Y\P,6WH1 6SRMWH VH VH VHUYLVQtP WHFKQLNHP1
9\þ L V W , WH SROH GLRG /('1
6SRMWH VH VH VHUYLVQtP WHFKQLNHP1
9\þ L V W , WH SROH GLRG /('1
9\WLVNQRXW þLVWLFt VWUiQNX1 6SRMWH VH VH VHUYLVQtP WHFKQLNHP1
1DLQVWDORYDW VSUiYQ, WRQHURYRX ND]HWX1
6SRMWH VH VH VHUYLVQtP WHFKQLNHP1
6\PSWRP 3UREOpP ; HãHQt
9\P,6WH ND]HWX V WRQHUHP1
3RXåLMWH GRSRUXþHQê SDStU1
9\þLVWCWHSROHGLRG/('1
1DLQVWDOXMWH QRYRX WRQHURYRX ND]HWX1
=P,6WH QDVWDYHQt V\WRVWL1
2EUDW¶WH SDStU Y ]iVREQtNX +YãLPQ,WH VL ãLSHN QD REDOX,1 9ORåWH SDStU GR ]iVREQtNX OtFRYRX VWUDQRX GRO$1
1HVNODGXMWH SDStU QD PtVWHFK V Y\VRNRX YOKNRVWt D WHSORWRX1 3DStU VNODGXMWH Y RFKUDQQpP REDOX1
'RSRUXþHQi SURYR]Qt YOKNRVW= 53 0 ;3(1
9\WLVNQXWi VWUiQND MH S<tOLã VY,WOi QHER UR]PD]DQi1
7XþQp StVPR D WPDYp OLQLH MVRX ãPRXKRYDQp1
7LVN MH WPDYãt QHå REY\NOH1
6WUiQN\ VH S<tOLã NURXWt1
1t]Ni KODGLQD WRQHUX"
-H SRXåLWê SDStU XUþHQ SUR ODVHURYp WLVNiUQ\"
3ROH GLRG /(' MH ]QHþLãW,Qp1
1t]Ni KODGLQD WRQHUX1
1DVWDYHQt V\WRVWL MH S<tOLã Y\VRNp1
7LVN QD QHVSUiYQRX VWUDQX SDStUX1
9OKNRVW SDStUX1 1HVSUiYQê ]S$VRE VNODGRYiQt YH YOKNpP SURVW<HGt1
9\VRNi Y]GXãQi YOKNRVW1
6RIWZDURYp SUREOpP\
3URFHV WLVNX MH <t]HQ YDãtP SURJUDPRYêP Y\EDYHQtP
t
+RSHUDþQ =NRQWUROXMWH/ ]GD SRXå
PSURVW<HGtP/ DSOLNDFHPL/ RYODGDþL WLVNiUHQ,1
t
YiWH VSUiYQêRYODGDþ WLVNiUQ\1
28
2.,3$*( 47H[/47L/47L2Q
Page 33
'DOãtLQIRUPDFH QDOH]QHWH Y GRNXPHQWDFL NH VYpPX
t
SURJUDPRYpPX Y\EDYHQ
6\PSWRP 3UREOpP ;HãHQt
7LVN QHVP\VOQêFK ]QDN$1
7LVNiUQD QHWLVNQH WDN U\FKOH/ MDNE\P,OD1
+RUQt RNUDM VWUiQHN VH SRVWXSQ, ]Y,WãXMH1
3RXåLW QHVSUiYQê RYODGDþ1
=SRåG,Qt ]S$VREXMH Y,WãLQRX YDãH DSOLNDFH1 þLVW, WH[WRYp GRNXPHQW\ VH Q,NG\ WLVNQRX SRPDOX1 5\FKORVW WLVNX ]iYLVt QD SRXåLWêFK W\SHFK StVPDD]S$VREX MHMLFK ]DYHGHQt GR WLVNiUQ\1
8EtKDMtFt WH[W1 3RþHW <iGN$ QD VWUiQFH QDVWDYHQêY DSOLNDFL VH QHVKRGXMH V QDVWDYHQtP SRþWX <iGN$ QD VWUiQNX X WLVNiUQ\1
1
1DLQVWDOXMWH VSUiYQê RYODGDþ1
3UR GRVDåHQt PD[LPiOQt U\FKORVWL SRXåtYHMWH WH[WX GRNXPHQWX D UH]LGHQWQt W\S\ StVPD1
0QRKR 6: DSOLNDFt S<HGSRNOiGi 99 <iGN$ QD VWUiQFH/ DOH LPSOLFLWQt QDVWDYHQt WLVNiUQ\ MH 971 1DVWDYWH S<tVOXãQê VRIWZDUH/ DQHER XSUDYWH SDUDPHWU /,1(6 3(5 3$*( X WLVNiUQ\ WDN/ DE\ VH QDVWDYHQt VKRGRYDOD1
+DUGZDURYp SUREOpP\
6\PSWRP 3UREOpP ;HãHQt
*UDILND VH Y\WLVNQH þiVWHþQ, QD MHGQp VWUiQFH/ þiVWHþQ, QD GDOã
t
1
1LFVHQHG,MH/ DOH WLVNiUQD XND]XMH/ åH MH S<LSUDYHQD S<LMPRXW GDWD1
7LVN ³VPHW
3<L RSDNRYDQpP ERRWX SRþ ³]DPU]QH´ QHER KOiV FK\EX1
=iSDFK1
7LVNiUQD MH ]DSQXWD/ DOH S<HG NDåGRX WLVNRYRX ~ORKRX VH PXV ]DK<iWt1
t
´1
t
WDþH WLVNiUQD
t
þHNDW QD MHM
1HGRVWDWHN SDP,WL WLVNiUQ\ SUR WRWR Y\REUD]HQtS<L WRPWR VWXSQL UR]OLãHQt1
.RQILJXUDþQ
1HVSUiYQi NRQILJXUDFH NDEHOX1 9L] URYQ,å 6RIWZDURYp SUREOpP\1
%RRW SRþ ]DSQXWRX WLVNiUQRX P$åH ]S$VRELW
t
NRPXQLNDþQ
3<LSU$FKRGX IL[DþQ MHGQRWNRX VH ] IRUPXOi<$ QHER SRMLY Y\OXþXM
-H DNWLYRYiQ UHåLP ~VSRU\ HQHUJLH1 )L[DþQ PXV
t
t
SUDFRYQtWHSORWX1
t
WDþH VH
t
SO\Q\1
t
MHGQRWND VH
]DK<iW QD
t
FK\ED1
t
FK\EX1
t
ýHVN\
t
=P,6WH UR]OLãHQ ]PHQãLW Y\REUD]HQ QHER QDLQVWDOXMWH GR WLVNiUQ\ Y
=NRQWUROXMWH NDEHORYp VSRMH1 3RNXG MH N GLVSR]LFL Y,WãtSRþHW WLVNiUHQ/ ]NRQWUROXMWH/ ]GD MH Y\EUiQD WD YDãH1
=NRQWUROXMWH NRQILJXUDFL/ QHSRUXãHQRVW D GpONX NDEHOX1
3<HG UHVWDUWHP
t
WDþH WLVNiUQX
SRþ Y\SQ,WH1
3<HVY,GþWH VH/ ]GD IRUPXOi<H/ NWHUp
t
YiWH/ VQHVRX
SRXå WHSOR/ D]DMLVW,WH GRVWDWHþQp Y,WUiQ
=SRåG,Q P$åHWH RGVWUDQLW ]P,QRX QDVWDYHQ SDUDPHWUX 32:(5 6$9( Y QDE ~URYQ, 51
/
t
FH SDP,WL1
t
S<L]DK<tYiQ
t
GFH
t
/
t
1
t
t
8åLYDWHOVNi S<tUXþND
29
Page 34
6SHFLILNDFH
3ULQFLS WLVNX
3<HQRV REUD]X ] SROH /(' QD RUJDQLFN YiOHF1
1DSiMHQ
)\]LFNp YODVWQRVWL=
5R]OLãHQ
6SRW<HED HQHUJLH=
t
=
t
=5639“43( WR 5739“43( $&
1DS,W )UHNYHQFH= 83293 +] “5(
t
1DSiMHF
5R]P,U\=548î678 î 6<8 PP +9îãî', 9iKD= S<LEOLåQ, 43 NJ V QDLQVWDORYDQRX
+ODYD /('=933GSL 0D[1 Y
5HåLP ~VSRU\ HQHUJLH=49: 1HþLQQRVW=98: 1RUPiOQ âSLþNRYi=963:
ã6$UD= VDPRVWDWQêNDEHO R GpOFH 4/; P/
ê
Y\EDYHQ
XUþHQ
ND]HWRX OHJDO2XQLYHUVDO1
t
=
ê
VW1 UR]OLãHQt=933 î 4533 GSL
t
SURYR]=5:3:
]iVWUþNRX SRGOH ]HP,
t
ê
IRWRFLWOLY
=
3DP,W
ê
5$0 +RVD]HQi,= ; 0% 5$0 +PD[1,= 65 0% 520=490%
(PXODFH=
+3 3&/9/ ,%0 3URSULQWHU/ (SVRQ/ $GREH 3RVWVFULSW 5+SRX]H 47L,
t
)RUPiW SDS
UX=
t
=iVREQ =iVREQ 0XOWL 3XUSRVH 9 SRGDYDþ +YROLWHOQê,= 433 OLVW$283 REiOHN
*UDPiå SDS
9
N 4+VWDQGDUGQt,= 583 OLVW$ +:8 J2PW,,
t
N 5+YROLWHOQê,= 833 OLVW$ +:8 J2PW,,
t
FH~þHORY
41251]iVREQ UXþQ
ê
VWXS=483OLVW$ OtFHP GRO$ +:8 J2PW,,
ê
+:8 J2PW,,
t
UX
t
N=93±438J2PW,
t
SRGDYDþ 93±453J2PW,
+REiON\ <3 438 J2PW,,
t
83 OLVW$ O +:8 J2PW,,
FHP QDKRUX +]DGQtYêVWXS,
30
2.,3$*( 47H[/47L/47L2Q
Page 35
äLYRWQRVW=
t
3UDFRYQ
=4;3WLV1 VWUiQHN/8OHW/ PD[LPiOQ, 48
WLV1 VWUiQHN P,V
6SROHKOLYRVW= SU$P,UQ
ê
WLV1 VWUiQHN
t
6SRW<HEQ
PDWHULiO=REUD]RYêYiOHF 53 WLV1 VWUiQHN
+NRQWLQXiOQ
7RQHU 713 WLV1 VWUiQHN S<LSU$P,UQp
KXVWRW, WLVNX 8(
t
3URVW<HG
=
t
3URYR]Q 1HSURYR]Q 6NODGRYiQ
=4365ƒ& S<LYOKNRVWL53 ;3(
t
=376ƒ& S<L YOKNRVWL 43 <3(
t
=04376ƒ& S<L YOKNRVWL 43 <3(
+OXþQRVW= 3URYR]Q
t
=83G%$ 3RKRWRYRVWQ 5HåLP ~VSRU\ HQHUJLH=~URYH6 SR]DG
5R]KUDQt=
t
8QLYHU]iOQ
VpULRYi VE,UQLFH +86%,+VWDQGDUGQt,
,%0 &HQWURQLFV +&(1 69, +VWDQGDUGQ
t
W¶R
.DUWD V &DUG +VWDQGDUGQ
YpKR UR]KUDQt+&3 1HWZRUN ,QWHUIDFH
t
SRX]H X 47L2Q,
56565& +YROLWHOQp,
t
þQ,
LQWHUYDO PH]L SRUXFKDPL 57
t
WLVN,
t
=6;G%$
t
,
ýHVN\
t
8åLYDWHOVNi S<tUXþND
31
Page 36
32
2.,3$*( 47H[/47L/47L2Q
Page 37
5HMVW<tN
ýHVN\
&
ýLVWLFt VWUiQN\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24
)
)yOLH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14
)XQNFH WODþtWHN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
.
.DSDFLWD ]iVREQtN. . . . . . . . . . . . . . . . . . . . . . . . . . . . .14
.RQWUROND 3<LSUDYHQR . . . . . . . . . . . . . . . . . . . . . . . . . . .4
/
/&' GLVSOHM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
1
1DEtGN\ WLVNiUQ\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
.DWHJRULH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
3DUDPHWU\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
3RORåND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
3URKOtåHQt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
ÒSUDY\ QDVWDYHQt QDEtGHN . . . . . . . . . . . . . . . . . . . .7
2
2EiON\
7\S\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
2EUD]RYê YiOHF
äLYRWQRVW. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
9êP,QD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
9\QXORYiQt SRþLWDGOD REUD]RYpKR YiOFH . . . . . . . 20
2GVWUD6RYiQt SUREOpP$
3UREOpP\ V NYDOLWRX WLVNX. . . . . . . . . . . . . . . . . . . 27
2YOiGDFt SDQHO WLVNiUQ\
)XQNFH WODþtWHN . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
.RQWUROND 3<LSUDYHQR . . . . . . . . . . . . . . . . . . . . . . . 4
/&' GLVSOHM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
7ODþtWND WLVNiUQ\ . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3
3DStU
7\S\ ãWtWN\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
7\S\ REiOHN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
7\S\ SDStUX . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
=DEORNRYiQt QD YêWXSX. . . . . . . . . . . . . . . . . . . . . 26
3tVPD
3RþLWDGOD YiOFH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
3UREOpP\ V NYDOLWRX WLVNX . . . . . . . . . . . . . . . . . . . . . . 27
8åLYDWHOVNi S<tUXþND
33
Page 38
6
6SHFLILNDFH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
6WDYRYi KOiãHQt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
âWtWN\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
7
7LVN
ýLVWLFt VWUiQN\. . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
.DUWRQ. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
3DStU R Y\VRNp JUDPiåL . . . . . . . . . . . . . . . . . . . . 16
7\S\ ãWtWN\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
7\S\ IyOLt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
7\S\ SDStUX D REiOHN . . . . . . . . . . . . . . . . . . . . . . 14
7\S\ StVPD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
7LVN IyOLt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
7ODþtWND WLVNiUQ\ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
7RQHU
9êP,QD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
7\S\ StVPD
8
ÒGUåED
ýLVWLFt VWUiQND . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
1DEtGND . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
8YROQ,Qt ]DEORNRYDQpKR SDStUX . . . . . . . . . . . . . . . . . 26
=
=DEORNRYiQt SDStUX QD YVWXSX . . . . . . . . . . . . . . . . . . .26
34
2.,3$*( 47H[/47L/47L2Q
Page 39
2., 6\VWHPV +&]HFK ) 6ORYDN, V1U1R1
,%& 0 3RE<HåQt 6 4;9 33 3UDKD ;
&]HFK 5HSXEOLF
7HO1 .753 5 565 99 7425 )D[= .753 5 565 99 54
ýHVN\
8åLYDWHOVNi S<tUXþND
35
Loading...