ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞ
3
İȜȜȘȞȚțȐ
ĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȅȚȣʌȠȖȡĮȝȝȚıȝȑȞİȢȜȑȟİȚȢʌİȡȚȜĮȝȕȐȞȠȞIJĮȚ
ıIJȠȜİȟȚȜȩȖȚȠ
ȊʌȐȡȤȠȣȞįȚȐijȠȡİȢȝȑșȠįȠȚșİȡĮʌİȓĮȢȖȚĮțĮIJĮıIJȐıİȚȢȑțIJĮțIJȘȢĮȞȐȖțȘȢțĮȚȝȘȑțIJĮțIJȘȢĮȞȐȖțȘȢ
DzȤİIJİįȚĮȖȞȦıIJİȓȝİȜȓșȠIJȠȣȞİijȡȠȪȒIJȠȣȠȣȡȘIJȒȡĮǹȣIJȩIJȠijȣȜȜȐįȚȠʌİȡȚȖȡȐijİȚIJȚȢįȚȐijȠȡİȢșİȡĮʌİȣIJȚțȑȢİʌȚȜȠȖȑȢʌȠȣȝʌȠȡİȓIJİȞĮıȣȗȘIJȒıİIJİȝİIJȠȞ
įİȟȚȩȢȞİijȡȩȢ
ĮȡȚıIJİȡȩȢ
ȞİijȡȩȢ
ȚĮIJȡȩıĮȢȂĮȗȓȝʌȠȡİȓIJİȞĮĮʌȠijĮıȓıİIJİʌȠȚĮʌȡȠıȑȖȖȚıȘİȓȞĮȚțĮIJȐȜȜȘȜȘȖȚĮıĮȢ
ȆĮȡȐȖȠȞIJİȢʌȠȣİʌȘȡİȐȗȠȣȞIJȘȞĮʌȩijĮıȘʌİȡȚȜĮȝȕȐȞȠȣȞ
t
t
t
t
t
ȉĮıȣȝʌIJȫȝĮIJȐıĮȢ
ȉĮȤĮȡĮțIJȘȡȚıIJȚțȐIJȠȣȜȓșȠȣ
ȉȠȚĮIJȡȚțȩȚıIJȠȡȚțȩıĮȢ
ȉȠİȓįȠȢIJȘȢșİȡĮʌİȓĮȢʌȠȣʌĮȡȑȤİIJĮȚıIJȠȞȠıȠțȠȝİȓȠıĮȢțĮȚȘİȝʌİȚȡȓĮIJȠȣȚĮIJȡȠȪıĮȢ
ȅȚʌȡȠıȦʌȚțȑȢʌȡȠIJȚȝȒıİȚȢțĮȚĮȟȓİȢıĮȢ
ǻİȞ ĮʌĮȚIJȠȪȞ ȩȜȠȚ ȠȚ ȜȓșȠȚ șİȡĮʌİȓĮ ȋȡİȚȐȗİIJĮȚ șİȡĮʌİȓĮİȐȞȠȜȓșȠȢıȐȢʌȡȠțĮȜİȓįȣıijȠȡȓĮțĮȚįİȞ
ʌİȡȞȐijȣıȚțȐȝİIJĮȠȪȡĮȅȚĮIJȡȩȢıĮȢȝʌȠȡİȓİʌȓıȘȢȞĮıȣıIJȒıİȚșİȡĮʌİȓĮİȐȞȑȤİIJİʌȡȠȨʌȐȡȤȠȣıİȢ
ʌĮșȒıİȚȢ
ȠȣȡȘIJȒȡİȢ
ȠȣȡȠįȩȤȠȢțȪıIJȘ
ȠȣȡȒșȡĮ
ǼȚțǾȠȣȡȠijȩȡȠȢȠįȩȢ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ǾșİȡĮʌİȓĮIJȦȞțĮIJĮıIJȐıİȦȞȑțIJĮțIJȘȢĮȞȐȖțȘȢ
ȅȟȪȢțȦȜȚțȩȢIJȠȣȞİijȡȠȪ
ȀȦȜȚțȩȢ IJȠȣ ȞİijȡȠȪ İȓȞĮȚ ȝȚĮ ȠȟİȓĮ İʌȫįȣȞȘ
țĮIJȐıIJĮıȘ ʌȠȣ ʌȡȠțĮȜİȓIJĮȚ Įʌȩ ȑȞĮ ȜȓșȠ ʌȠȣ
ȝʌȜȠțȐȡİȚIJȠȞȠȣȡȘIJȒȡĮȆȘȖĮȓȞİIJİıIJȠȞȠȚțȠȖİȞİȚĮțȩ
ıĮȢ ȚĮIJȡȩ Ȓ ıIJȠ ʌȜȘıȚȑıIJİȡȠ IJȝȒȝĮ İʌİȚȖȩȞIJȦȞ
ʌİȡȚıIJĮIJȚțȫȞ ȩıȠ IJȠ įȣȞĮIJȩȞ ıȣȞIJȠȝȩIJİȡĮ ȖȚĮ ȞĮ
ĮȞĮțȠȣijȚıIJİȓIJİĮʌȩIJȠȞʌȩȞȠ
ȞİijȡȩȢ
SLJWDLO
ȅ ʌȩȞȠȢ ıȣȞȒșȦȢ ĮȞĮțȠȣijȓȗİIJĮȚ ȝİ ȂȈǹĭ ȝȘ
ıIJİȡȠİȚįȒ ĮȞIJȚijȜİȖȝȠȞȫįȘ ijȐȡȝĮțĮ IJĮ ȠʌȠȓĮ
ȝʌȠȡİȓIJİȞĮʌȐȡİIJİȝİIJȘȝȠȡijȒįȚıțȓȠȣȒȣʌȩșİIJȠȣ
ǹȞĮȣIJȩIJȠʌȡȫIJȠȕȒȝĮIJȘȢșİȡĮʌİȓĮȢįİȞȕȠȘșȒıİȚ
șĮ ʌȐȡİIJİ ȚıȤȣȡȩIJİȡĮ ʌĮȣıȓʌȠȞĮ ʌȠȣ ȠȞȠȝȐȗȠȞIJĮȚ
ȠʌȚȠİȚįȒ ȈȣȞȒșȦȢ İȖȤȪȠȞIJĮȚ İȞįȠijȜİȕȓȦȢ ȉȠ
ȝİȚȠȞȑțIJȘȝĮ IJȦȞ ȠʌȚȠİȚįȫȞ İȓȞĮȚ ȩIJȚ ȝʌȠȡİȓ ȞĮ ıĮȢ
ʌȡȠțĮȜȑıȠȣȞȞĮȣIJȓĮ
ȠȣȡȘIJȒȡĮȢ
Ȉİ ȝȚĮ ıʌȐȞȚĮ ʌİȡȓʌIJȦıȘ IJĮ ijȐȡȝĮțĮ ȝʌȠȡİȓ ȞĮ
ȝȘȞȜİȚIJȠȣȡȖȒıȠȣȞȈİĮȣIJȒIJȘȞʌİȡȓʌIJȦıȘȠȚĮIJȡȩȢ
ȝʌȠȡİȓȞĮȤȡİȚĮıIJİȓȞĮʌĮȡȠȤİIJİȪıİȚIJĮȠȪȡĮĮʌȩIJȠ
ȞİijȡȩıĮȢǹȣIJȩȠȞȠȝȐȗİIJĮȚĮʌȠıȣȝijȩȡȘıȘ
ȠȣȡȘIJȘȡȚțȩȢȜȓșȠȢ
ȊʌȐȡȤȠȣȞįȪȠȝȑșȠįȠȚĮʌȠıȣȝijȩȡȘıȘȢ
t Ȃİ IJȘȞ IJȠʌȠșȑIJȘıȘ İȞȩȢ ȠȣȡȘIJȘȡȚțȠȪ --ıIJİȞIJ
SLJWDLOȝȑıȦIJȘȢȠȣȡȒșȡĮȢıĮȢǼȚț
t Ȃİ IJȘȞ İȚıĮȖȦȖȒ İȞȩȢ ıȦȜȒȞĮ įȚĮįİȡȝȚțȒȢ
ȞİijȡȠıIJȠȝȓĮȢ ĮʌİȣșİȓĮȢ ıIJȠ Ȟİijȡȩ ıĮȢ ȝȑıȦ
IJȠȣįȑȡȝĮIJȠȢǼȚțĮțĮȚȕ
ǹȝijȩIJİȡİȢȠȚȝȑșȠįȠȚİȓȞĮȚİȟȓıȠȣĮʌȠIJİȜİıȝĮIJȚțȑȢ
ǼȚțDzȞĮSLJWDLO--VWHQWİȚıȐȖİIJİȖȚĮ
ȞĮİȟĮıijĮȜȚıIJİȓȘȡȠȒIJȦȞȠȪȡȦȞȝȑıȦ
IJȘȢȠȣȡȠijȩȡȠȣȠįȠȪ
ȠȣȡȠįȩȤȠȢțȪıIJȘ
ȠȣȡȒșȡĮ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ıȦȜȒȞĮȢįȚĮįİȡȝȚțȒȢ
ȞİijȡȠıIJȠȝȓĮȢ
įȑȡȝĮ
ıȦȜȒȞĮȢ
įȚĮįİȡȝȚțȒȢ
ȞİijȡȠıIJȠȝȓĮȢ
ȠȣȡȠįȩȤȠȢ
țȪıIJȘ
ıȐțȠȢ
ıȣȜȜȠȖȒȢ
ȠȪȡȦȞ
ǼȚțDDzȞĮȢıȦȜȒȞĮȢįȚĮįİȡȝȚțȒȢȞİijȡȠıIJȠȝȓĮȢ
ȤȡȘıȚȝȠʌȠȚİȓIJĮȚȖȚĮȞĮʌĮȡȠȤİIJİȪıİȚIJĮȠȪȡĮțĮIJİȣșİȓĮȞ
ĮʌȩIJȠȞİijȡȩıIJȠıȐțȠıȣȜȜȠȖȒȢIJȦȞȠȪȡȦȞ
ǼȚțEȈȦȜȒȞĮȢįȚĮįİȡȝȚțȒȢȞİijȡȠıIJȠȝȓĮȢ
İȞIJȩȢIJȠȣȞİijȡȠȪ
ǹʌȠijȡĮȖȝȑȞȠȢțĮȚȝȠȜȣıȝȑȞȠȢȞİijȡȩȢ
ǹȞȑȤİIJİțȦȜȚțȩȞİijȡȠȪȝĮȗȓȝİʌȣȡİIJȩȒİȐȞĮȚıșȐȞİıIJİĮıȣȞȒșȚıIJȘțȠȪȡĮıȘșĮʌȡȑʌİȚȞĮʌȐIJİıIJȠʌȜȘıȚȑıIJİȡȠ
ȠȣȡȠȜȠȖȚțȩIJȝȒȝĮĮȝȑıȦȢĬĮțȐȞİIJİİȟİIJȐıİȚȢĮȓȝĮIJȠȢțĮȚȠȪȡȦȞȖȚĮȞĮİȜİȖȤșİȓĮȞȠȞİijȡȩȢıĮȢİȓȞĮȚȝȠȜȣıȝȑȞȠȢ
țĮȚĮʌȠijȡĮȖȝȑȞȠȢǹȞĮȣIJȩıȣȝȕĮȓȞİȚȤȡİȚȐȗİıIJİȐȝİıȘĮʌȠıȣȝijȩȡȘıȘȖȚĮȞĮĮȞĮțȠȣijȚıIJİȓȘʌȓİıȘıIJȠȣȢȞİijȡȠȪȢ
ıĮȢ
ȂİIJȐIJȘȞĮʌȠıȣȝijȩȡȘıȘșĮʌȐȡİIJİĮȞIJȚȕȚȠIJȚțȐȖȚĮȞĮțĮșĮȡȓıİȚȘȝȩȜȣȞıȘȂʌȠȡİȓIJİȞĮĮȞIJȚȝİIJȦʌȚıIJİȓIJİȖȚĮIJȘȞ
ĮijĮȓȡİıȘIJȠȣȜȓșȠȣȝȩȞȠİijȩıȠȞȘȝȩȜȣȞıȘȑȤİȚȣʌȠȤȦȡȒıİȚ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ĬİȡĮʌİȓĮțĮIJĮıIJȐıİȦȞȝȘȑțIJĮțIJȘȢĮȞȐȖțȘȢ
ǼȐȞȑȤİIJİȑȞĮȜȓșȠȞİijȡȠȪȒȠȣȡȘIJȒȡĮȠȠʌȠȓȠȢįİȞ
ʌȡȠțĮȜİȓįȣıijȠȡȓĮįİȞșĮȜȐȕİIJİȖİȞȚțȐșİȡĮʌİȓĮ
ȅȚĮIJȡȩȢıĮȢșĮıĮȢįȫıİȚȑȞĮȤȡȠȞȠįȚȐȖȡĮȝȝĮȖȚĮ
IJȚȢIJĮțIJȚțȑȢİʌȚıțȑȥİȚȢİȜȑȖȤȠȣȖȚĮȞĮȕİȕĮȚȦșİȓȩIJȚ
ȘțĮIJȐıIJĮıȒıĮȢįİȞșĮİʌȚįİȚȞȦșİȓ
ǹȞȠȜȓșȠȢıĮȢİȓȞĮȚʌȚșĮȞȩȞĮʌİȡȐıİȚȝİIJĮȠȪȡĮ
Ƞ ȚĮIJȡȩȢ ıĮȢ ȝʌȠȡİȓ ȞĮ ıĮȢ ıȣȞIJĮȖȠȖȡĮijȒıİȚ
ijȐȡȝĮțĮȖȚĮȞĮįȚİȣțȠȜȪȞİȚĮȣIJȒIJȘįȚĮįȚțĮıȓĮǹȣIJȩ
İȓȞĮȚȤȡȒıȚȝȠȚțĮIJȐIJȘįȚȑȜİȣıȒIJȠȣȢǹȞșȑȜİIJİȂǼȉ
ȠȚĮIJȡȩȢıĮȢșĮıȣȗȘIJȒıİȚIJȚȢʌȚșĮȞȑȢʌĮȡİȞȑȡȖİȚİȢ
IJȦȞijĮȡȝȐțȦȞȝĮȗȓıĮȢ
ȀĮIJȐIJȘįȚȐȡțİȚĮIJȘȢȂǼȉșĮʌȡȑʌİȚȞĮİʌȚıțȑʌIJİıIJİ
IJȠȞȚĮIJȡȩıĮȢIJĮțIJȚțȐ±IJȠʌȩıȠıȣȤȞȐİȟĮȡIJȐIJĮȚĮʌȩ
IJȘıȪıIJĮıȒIJȠȣȒIJȘȢȅȚĮIJȡȩȢʌȡȑʌİȚȞĮİȜȑȖȟİȚĮȞ
Ƞ ȜȓșȠȢ İȟĮțȠȜȠȣșİȓ ȞĮ ȝİIJĮțȚȞİȓIJĮȚ țĮȚ ĮȞ IJĮ ȞİijȡȐ
ıĮȢıȣȞİȤȓȗȠȣȞȞĮȜİȚIJȠȣȡȖȠȪȞțĮȜȐ
ȠȞȠȝȐȗİIJĮȚıȣȞIJȘȡȘIJȚțȒșİȡĮʌİȓĮ
ǹȞʌȠȞȐIJİʌȠȜȪĮȞȑȤİIJİȜȠȓȝȦȟȘȒĮȞȠȚȞİijȡȠȓıĮȢ
ǼȐȞȠȜȓșȠȢıȣȞİȤȓȗİȚȞĮĮȣȟȐȞİIJĮȚȒʌȡȠțĮȜİȓıȣȤȞȩ
țĮȚȑȞIJȠȞȠʌȩȞȠșĮȜȐȕİIJİİȞİȡȖȒșİȡĮʌİȓĮ
ȈȣȞIJȘȡȘIJȚțȒșİȡĮʌİȓĮIJȠȣȜȓșȠȣ
įİȞȜİȚIJȠȣȡȖȠȪȞțĮȜȐȘȂǼȉįİȞĮʌȠIJİȜİȓİʌȚȜȠȖȒ
ȅ ȚĮIJȡȩȢ ıĮȢ șĮ ıȣȗȘIJȒıİȚ ȐȜȜİȢ șİȡĮʌİȣIJȚțȑȢ
İʌȚȜȠȖȑȢȝĮȗȓıĮȢ
ȅȚʌİȡȚııȩIJİȡȠȚȜȓșȠȚIJȠȣȞİijȡȠȪȒIJȠȣȠȣȡȘIJȒȡĮșĮ
ijȪȖȠȣȞ Įʌȩ IJȠ ıȫȝĮ ıĮȢ țĮșȫȢ ȠȣȡİȓIJİ ȍıIJȩıȠ
ǻȚȐȜȣıȘIJȠȣȜȓșȠȣıĮȢ
ĮȞȐȜȠȖĮ ȝİ IJȠ ȝȑȖİșȠȢ țĮȚ IJȘ șȑıȘ IJȠȣ ȜȓșȠȣ șĮ
ȤȡİȚĮıIJİȓțȐʌȠȚȠȤȡȠȞȚțȩįȚȐıIJȘȝĮȖȚĮȞĮʌİȡȐıİȚȠ
ȜȓșȠȢȂʌȠȡİȓȞĮȣʌȠijȑȡİIJİĮʌȩțȦȜȚțȩIJȠȣȞİijȡȠȪ
ȩIJĮȞ Ƞ ȜȓșȠȢ țȚȞİȓIJĮȚǹȞ ȑȤİIJİ ȑȞĮ ʌȠȜȪ ȝȚțȡȩ ȜȓșȠ
ȣʌȐȡȤİȚ ʌȚșĮȞȩIJȘIJĮ ȞĮ ʌİȡȐıİȚ ĮȣIJȩȢ Ƞ ȜȓșȠȢ
ȝȑıĮıİİȕįȠȝȐįİȢ
İȓȞĮȚįȣȞĮIJȩȞĮįȚĮȜȣșİȓȠȜȓșȠȢıĮȢǹȣIJȩȖȓȞİIJĮȚȝİIJȘȞ
ĮȪȟȘıȘIJȘȢIJȚȝȒȢIJȠȣS+IJȦȞȠȪȡȦȞıĮȢȫıIJİȞĮİȓȞĮȚ
ȈİȖİȞȚțȑȢȖȡĮȝȝȑȢȝʌȠȡİȓIJİȞĮȑȤİIJİĮȣIJȩȣʌȩȥȘ
t ǵıȠ ʌȚȠ țȠȞIJȐ İȓȞĮȚ Ƞ ȜȓșȠȢ ıIJȘȞ țȪıIJȘ IJȩıȠ
t
ǼȐȞ ʌȐıȤİIJİ Įʌȩ ȜȓșȠȣȢ ȠȣȡȚțȠȪ ȠȟȑȠȢ ȝʌȠȡİȓ ȞĮ
ĮȜțĮȜȚțȩțĮȚȩȤȚȩȟȚȞȠȈȣȞȒșȦȢıȣȞIJĮȖȠȖȡĮijȠȪȞIJĮȚ
ijȐȡȝĮțĮĮʌȩIJȠıIJȩȝĮȩʌȦȢĮȜțĮȜȚțȩțȚIJȡȚțȩȐȜĮȢȒ
įȚIJIJĮȞșȡĮțȚțȩȞȐIJȡȚȠȈİİʌȓʌİįȠS+ȝİIJĮȟȪ
Ƞ ȜȓșȠȢ șĮ ȝİȚȦșİȓ ıİ ȝȑȖİșȠȢ țĮȚ ȝʌȠȡİȓ ĮțȩȝȘ ȞĮ
įȚĮȜȣșİȓ İȞIJİȜȫȢ ȂʌȠȡİȓIJİ İȪțȠȜĮ ȞĮ İȜȑȖȤİIJİ IJȘȞ
IJȚȝȒIJȠȣS+IJȦȞȠȪȡȦȞıĮȢıIJȠıʌȓIJȚȤȡȘıȚȝȠʌȠȚȫȞIJĮȢ
ȑȞĮıIJȚțȠȪȡȦȞ
ȝİȖĮȜȪIJİȡȘİȓȞĮȚȘʌȚșĮȞȩIJȘIJĮȞĮʌİȡȐıİȚ
ǵıȠ ȝİȖĮȜȪIJİȡȠȢ İȓȞĮȚ Ƞ ȜȓșȠȢ IJȩıȠ ȝȚțȡȩIJİȡȘ
ǼȞİȡȖȩȢșİȡĮʌİȓĮIJȠȣȜȓșȠȣ
İȓȞĮȚȘʌȚșĮȞȩIJȘIJĮȞĮʌİȡȐıİȚ
ĮȞIJȚȝİIJȦʌȓȗȠȞIJĮȚĮȞʌȡȠțĮȜȠȪȞıȣȝʌIJȫȝĮIJĮǹȞįİȞ
ȑȤİIJİıȣȝʌIJȫȝĮIJĮȝʌȠȡİȓĮțȩȝĮȞĮȜȐȕİIJİșİȡĮʌİȓĮ
ıİʌİȡȓʌIJȦıȘʌȠȣ
ĭĮȡȝĮțİȣIJȚțȒșİȡĮʌİȓĮĮʌȠȕȠȜȒȢȜȓșȦȞ
ȅȚĮIJȡȩȢıĮȢȝʌȠȡİȓȞĮıȣȞIJĮȖȠȖȡĮijȒıİȚijȐȡȝĮțĮ
ȠȞȠȝȐȗȠȞIJĮȚ ȐȜijĮĮȞĮıIJȠȜİȓȢ Ȓ ȞȚijİįȚʌȓȞȘ ȖȚĮ ȞĮ
ıĮȢȕȠȘșȒıȠȣȞȞĮʌİȡȐıİȚȠȜȓșȠȢʌȚȠȖȡȒȖȠȡĮțĮȚ
ȞĮʌİȡȚȠȡȓıİȚIJȠȞʌȩȞȠİȞȫțȚȞİȓIJĮȚǹȣIJȩȠȞȠȝȐȗİIJĮȚ
ĭĮȡȝĮțİȣIJȚțȒ șİȡĮʌİȓĮ ĮʌȠȕȠȜȒȢ ȜȓșȦȞ 0HGLFDO
([SXOVLYH7KHUDS\ȂǼȉțĮȚİȓȞĮȚʌȚȠĮʌȠIJİȜİıȝĮIJȚțȒ
ȖȚĮIJȠȣȢȜȓșȠȣȢIJȠȣȠȣȡȘIJȒȡĮ
ȅȚ ȐȜijĮĮȞĮıIJȠȜİȓȢ įİȞ ȑȤȠȣȞ țĮIJĮȤȦȡȘșİȓ ȦȢ
ijȐȡȝĮțĮ ȖȚĮ IJȘȞ ĮijĮȓȡİıȘ ȜȓșȦȞ ĮȜȜȐ ȝʌȠȡİȓ ȞĮ
ȁȓșȠȚ IJȠȣ ȞİijȡȠȪ Ȓ IJȠȣ ȠȣȡȘIJȒȡĮ șĮ ʌȡȑʌİȚ ȞĮ
t ȅȜȓșȠȢıȣȞİȤȓȗİȚȞĮĮȣȟȐȞİIJĮȚ
t DzȤİIJİ ȣȥȘȜȩ țȓȞįȣȞȠ ıȤȘȝĮIJȚıȝȠȪ țĮȚ ȐȜȜȠȣ
ȜȓșȠȣȕȜȂİIJĮȕȠȜȚțȒǼțIJȓȝȘıȘ
t DzȤİIJİȜȠȓȝȦȟȘ
t ȅȜȓșȠȢıĮȢİȓȞĮȚʌȠȜȪȝİȖȐȜȠȢ
t ȆȡȠIJȚȝȐIJİİȞİȡȖȩșİȡĮʌİȓĮ
ȅȚĮIJȡȩȢıĮȢșĮıĮȢıȣıIJȒıİȚȞĮĮijĮȚȡȑıİȚȑȞĮȜȓșȠ
ıIJȠȞȠȣȡȘIJȒȡĮİȐȞ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
t ĭĮȓȞİIJĮȚʌȐȡĮʌȠȜȪȝİȖȐȜȠȢȖȚĮȞĮʌİȡȐıİȚȝİ
ȡȠıțȩʌȘıȘ 856 țĮȚ įȚĮįİȡȝȚțȒ ȞİijȡȠȜȚșȠIJȡȚȥȓĮ
IJĮȠȪȡĮ
31/ȀȐșİȝȓĮĮʌȩĮȣIJȑȢIJȚȢįȚĮįȚțĮıȓİȢȑȤİȚʌȜİȠȞİțIJȒȝĮIJĮțĮȚȝİȚȠȞİțIJȒȝĮIJĮǼȓȞĮȚıȘȝĮȞIJȚțȩȞĮȝȚȜȒ-
ʌĮȓȡȞİIJİijȐȡȝĮțĮ
ıİIJİȖȚĮIJĮıȣȝʌIJȫȝĮIJȐıĮȢțĮȚIJĮĮʌȠIJİȜȑıȝĮIJĮIJȦȞ
t ȈȣȞİȤȓȗİIJİ ȞĮ ȣʌȠijȑȡİIJİ Įʌȩ IJȠȞ ʌȩȞȠ İȞȫ
t ȅȚȞİijȡȠȓıĮȢȑȤȠȣȞıIJĮȝĮIJȒıİȚȒȝʌȠȡİȓȞĮıIJĮȝĮIJȒıȠȣȞȞĮȜİȚIJȠȣȡȖȠȪȞıȦıIJȐ
İȟİIJȐıİȦȞıĮȢȝİIJȠȚĮIJȡȩıĮȢȖȚĮȞĮȕȡİȓIJİIJȘȞʌȚȠ
ĮʌȠIJİȜİıȝĮIJȚțȒ șİȡĮʌİȣIJȚțȒ İʌȚȜȠȖȒ ȖȚĮ ıĮȢ ǺĮıȚȗȩȝİȞȠȢıIJȠĮȞȠȜȓșȠȢİȓȞĮȚıIJȠȣȢȞİijȡȠȪȢıĮȢȒIJȠȞ
ȊʌȐȡȤȠȣȞ IJȡİȚȢ ıȣȞȘșȚıȝȑȞȠȚ IJȡȩʌȠȚ ȖȚĮ ȞĮ ĮijĮȚȡİșȠȪȞ ȜȓșȠȚ İȟȦıȦȝĮIJȚțȒ ȜȚșȠIJȡȚȥȓĮ 6:/ ȠȣȡȘIJȘ-
ȠȣȡȘIJȒȡĮıĮȢȠȚĮIJȡȩȢȝʌȠȡİȓȞĮʌȡȠIJİȓȞİȚįȚȐijȠȡİȢ
șİȡĮʌİȣIJȚțȑȢİʌȚȜȠȖȑȢ
ǼȟȦıȦȝĮIJȚțȒȜȚșȠIJȡȚȥȓĮ6:/
Ǿ 6:/ ȖȓȞİIJĮȚ ȝİ ȑȞĮ ȝȘȤȐȞȘȝĮ ʌȠȣ ȝʌȠȡİȓ ȞĮ ıʌȐıİȚ ȜȓșȠȣȢ Įʌȩ ȑȟȦ Įʌȩ IJȠ ıȫȝĮ īȚĮ ȞĮ ıʌȐıİȚ Ƞ ȜȓșȠȢ
İıIJȚȐȗȠȞIJĮȚțȡȠȣıIJȚțȐțȪȝĮIJĮıȪȞIJȠȝȠȚʌĮȜȝȠȓĮʌȩȘȤȘIJȚțȐțȪȝĮIJĮȣȥȘȜȒȢİȞȑȡȖİȚĮȢʌȠȣįȚĮȕȚȕȐȗȠȞIJĮȚıIJȠȜȓșȠ
įȚĮȝȑıȠȣIJȠȣįȑȡȝĮIJȠȢȅȜȓșȠȢĮʌȠȡȡȠijȐIJȘȞİȞȑȡȖİȚĮIJȠȣțȡȠȣıIJȚțȠȪțȪȝĮIJȠȢțĮȚĮȣIJȩIJȠȞıʌȐİȚıİȝȚțȡȩIJİȡĮ
țȠȝȝȐIJȚĮȉĮȜȚșȚĮıȚțȐıȣȖțȡȓȝĮIJĮıIJȘıȣȞȑȤİȚĮʌİȡȞȠȪȞȝİIJĮȠȪȡĮǼȚț
Ǿ 6:/ İȓȞĮȚ țĮIJȐȜȜȘȜȘ ȖȚĮ ʌȐȞȦ Įʌȩ IJȠ IJȠȣ ıȣȞȩȜȠȣ IJȦȞ ĮıșİȞȫȞ ǵȝȦȢ Ș İʌȚIJȣȤȓĮ IJȘȢ İȟĮȡIJȐIJĮȚ Įʌȩ
ʌȠȜȜȠȪȢʌĮȡȐȖȠȞIJİȢȩʌȦȢIJĮȤĮȡĮțIJȘȡȚıIJȚțȐIJȠȣȜȓșȠȣțĮȚIJȘȞijȣıȚțȒıĮȢțĮIJȐıIJĮıȘ
ȜȚșȚĮıȚțȐ
ıȣȖțȡȓȝĮIJĮ
ȞİijȡȚțȠȓ
ȜȓșȠȚ
İıIJȚĮıȝȑȞĮ
țȡȠȣıIJȚțȐțȪȝĮIJĮ
ǼȚțǼıIJȚĮıȝȑȞĮțȡȠȣıIJȚțȐțȪȝĮIJĮțĮIJĮțİȡȝĮIJȓȗȠȣȞIJȠȞȜȓșȠıİıȣȖțȡȓȝĮIJĮ
s
ǼȞįȚĮijȑȡȠȞȖİȖȠȞȩȢ
Ǿ6:/ȤȡȘıȚȝȠʌȠȚȒșȘțİȖȚĮʌȡȫIJȘijȠȡȐȖȚĮ
w
ȈIJȠįȚĮįȓțIJȣȠ
ȆĮȡĮțȠȜȠȣșȒıIJİʌȫȢȖȓȞİIJĮȚȘ6:/ıİĮȣIJȩ
IJȘșİȡĮʌİȓĮIJȦȞȜȓșȦȞIJȠțĮȚȝȑıĮıİȜȓȖĮ
IJȠȕȓȞIJİȠıIJȠ<RX7XEHĮʌȩIJȘȞ%83$
ȤȡȩȞȚĮȑȖȚȞİȘȕĮıȚțȒșİȡĮʌİȣIJȚțȒİʌȚȜȠȖȒ
KWWS\RXWXEH2'/H(=&<0
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ȆȫȢȖȓȞİIJĮȚȘ6:/
ȉȠʌȠșİIJİȓıIJİıİȑȞĮȤİȚȡȠȣȡȖȚțȩIJȡĮʌȑȗȚȝİIJȘȞȠıijȣȧțȒıĮȢȤȫȡĮIJȠʌȠșİIJȘȝȑȞȘʌȡȠȢIJȘȖİȞȞȒIJȡȚĮțȡȠȣıIJȚțȫȞ
țȣȝȐIJȦȞǼȚțǾĮțȡȚȕȒȢİȞIJȩʌȚıȘIJȠȣȜȓșȠȣıĮȢĮȞİȣȡȓıțİIJĮȚĮʌȩȣʌȑȡȘȤȠȒĮțIJȚȞȠȖȡĮijȓĮ
ĮțIJȚȞȠȖȡĮijȓĮ
ȖİȞȞȒIJȡȚĮțȡȠȣıIJȚțȫȞțȣȝȐIJȦȞ
ǼȚțDzȞĮȢțȠȚȞȩȢIJȪʌȠȢİȟȦıȦȝĮIJȚțȠȪȜȚșȠIJȡȓʌIJȘ
ȀĮIJȐIJȘįȚȐȡțİȚĮIJȘȢįȚĮįȚțĮıȓĮȢșĮȝʌȠȡİȓIJİȞĮĮțȠȪIJİIJȘȞʌĮȡĮȖȦȖȒIJȦȞțȡȠȣıIJȚțȫȞțȣȝȐIJȦȞǹȣIJȩĮțȠȪȖİIJĮȚ
ıĮȞȝȚțȡȐȤIJȣʌȒȝĮIJĮȅȚĮIJȡȩȢıĮȢșĮȟİțȚȞȒıİȚĮʌȩȤĮȝȘȜȐİʌȓʌİįĮȑȞIJĮıȘȢțĮȚıȚȖȐıȚȖȐĮȣȟȐȞİȚIJȘȞȑȞIJĮıȘ
IJȦȞțȣȝȐIJȦȞǻİȞȣʌȐȡȤİȚțĮȝȓĮĮȞȐȖțȘȖȚĮĮȞĮȚıșȘıȓĮĮȜȜȐșĮȜȐȕİIJİĮȞĮȜȖȘIJȚțȐijȐȡȝĮțĮȖȚĮȞĮıĮȢ
ĮȞĮțȠȣijȓıȠȣȞțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢįȚĮįȚțĮıȓĮȢǾ6:/įȚĮȡțİȓʌİȡȓʌȠȣȜİʌIJȐ
ǼȐȞȑȤİIJİȑȞĮȝİȖȐȜȠȜȓșȠİȓȞĮȚĮȡțİIJȐıȪȞȘșİȢȞĮȤȡİȚĮıIJİȓIJİʌȠȜȜĮʌȜȑȢıȣȞİįȡȓİȢȖȚĮȞĮıʌȐıİȚIJİȜİȓȦȢ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ȆȩIJİȘ6:/įİȞıȣȞȚıIJȐIJĮȚ
ȊʌȐȡȤȠȣȞĮȡțİIJȑȢĮȞIJİȞįİȓȟİȚȢȖȚĮIJȘȞ6:/ʌȠȣİȓIJİ
ȑȤȠȣȞȞĮțȐȞȠȣȞȝİIJȘijȣıȚțȒıĮȢțĮIJȐıIJĮıȘȒȝİIJĮ
ȤĮȡĮțIJȘȡȚıIJȚțȐIJȠȣȜȓșȠȣ
Ǿ6:/įİȞıȣȞȚıIJȐIJĮȚĮȞ
t
t
t
t
t
ǼȓıIJİȑȖțȣȠȢ
DzȤİIJİȣȥȘȜȩțȓȞįȣȞȠıȠȕĮȡȒȢĮȚȝȠȡȡĮȖȓĮȢ
DzȤİIJİȠʌȠȚĮįȒʌȠIJİȝȘİȜİȖȤȩȝİȞȘȜȠȓȝȦȟȘ
DzȤİIJİȝȘİȜİȖȤȩȝİȞȘȣȥȘȜȒĮȡIJȘȡȚĮțȒʌȓİıȘ
Ǿ ıȦȝĮIJȠįȠȝȒ ıĮȢ țĮșȚıIJȐ įȪıțȠȜȘ IJȘȞ
ʌȡȠıȑȖȖȚıȘIJȠȣȜȓșȠȣ
t DzȤİIJİĮȞİȪȡȣıȝĮ
t DzȤİIJİ ȝȚĮ ĮȞĮIJȠȝȚțȒ ĮʌȩijȡĮȟȘ IJȘȢ ȠȣȡȠijȩȡȠȣ
ȠįȠȪțȐIJȦĮʌȩIJȠȜȓșȠȒıIJȘȞȠȣȡȠįȩȤȠțȪıIJȘ
t ȅ ȜȓșȠȢ ıĮȢ İȓȞĮȚ ʌȠȜȪ ıțȜȘȡȩȢ ʌȤ ȜȓșȠȚ
țȣıIJȓȞȘȢ
t ǻİȞȝʌȠȡİȓȞĮʌİȡȐıİȚȠȜȓșȠȢȜȩȖȦIJȠȣȝİȖȑșȠȣȢ
ȒIJȘȢșȑıȘȢIJȠȣ
ǹȝȑıȦȢ ȝİIJȐ IJȘȞ İʌȑȝȕĮıȘ șĮ İȓȝĮȚ
µİȜİȪșİȡȠȢ¶ȜȚșȓĮıȘȢ
ǵȤȚȂİIJȘȕȠȒșİȚĮIJȘȢİȟȦıȦȝĮIJȚțȒȢȜȚșȠIJȡȚȥȓĮȢȠ
ȜȓșȠȢțĮIJĮțİȡȝĮIJȓȗİIJĮȚıİȝȚțȡȐțȠȝȝĮIJȐțȚĮǹȣIJȐIJĮ
țȠȝȝĮIJȐțȚĮ șĮ ĮʌȠȕȜȘșȠȪȞ ȝİ IJĮ ȠȪȡĮ ıİ ȝİȡȚțȑȢ
ȘȝȑȡİȢȒİȕįȠȝȐįİȢȝİIJȐIJȘȜȚșȠIJȡȚȥȓĮȂʌȠȡİȓIJİȞĮ
ȜĮȝȕȐȞİIJİijȐȡȝĮțĮʌȠȣȕȠȘșȠȪȞıIJȘȞĮʌȠȕȠȜȒIJȦȞ
ȜȚșȚĮıȚțȫȞıȣȖțȡȚȝȐIJȦȞ
ȉȚ ʌȡȠİIJȠȚȝĮıȓĮ ȤȡİȚȐȗİIJĮȚ ȖȚĮ IJȘȞ
İʌȑȝȕĮıȘ
ȅ ȚĮIJȡȩȢ ıĮȢ șĮ ıĮȢ İȞȘȝİȡȫıİȚ ĮȞĮȜȣIJȚțȐ ȖȚĮ
IJȘ ʌȡȠİIJȠȚȝĮıȓĮ ʌȠȣ ȤȡİȚȐȗİIJĮȚ ǼȐȞ ȜĮȝȕȐȞİIJİ
ȠʌȠȚȠįȒʌȠIJİ ijȐȡȝĮțȠ ȖȚĮ IJȘ ʌȡȩȜȘȥȘ IJȘȢ ʌȒȟȘȢ
IJȠȣ ĮȓȝĮIJȠȢ ıȣȗȘIJȒıIJİ ȝİ IJȠȞ ȚĮIJȡȩ ıĮȢ ȖȚĮ IJȠ
ĮȞ ȤȡİȚȐȗİIJĮȚ ȞĮ ıIJĮȝĮIJȒıİIJİ IJȘ ȜȒȥȘ IJȠȣ ʌȡȚȞ
IJȘȞ İʌȑȝȕĮıȘ ȂȘȞ ijȐIJİ IJȓʌȠIJĮ ȫȡİȢ ʌȡȠ IJȘȢ
șİȡĮʌİȓĮȢ
ȘȝȑȡĮ IJȘȢ İʌȑȝȕĮıȘȢ ǼȐȞ ȑȤİIJİ ȜȐȕİȚ ĮȞĮȜȖȘIJȚțȐ
Ȓ ȘȡİȝȚıIJȚțȐ ijȐȡȝĮțĮ ȝȘȞ ȠįȘȖȒıİIJİ ĮȣIJȠțȓȞȘIJȠ Ȓ
ȠʌȠȚȠįȒʌȠIJİȐȜȜȠȝȘȤĮȞȠțȓȞȘIJȠȩȤȘȝĮȫȡİȢȝİIJȐ
IJȘȞİȟȦıȦȝĮIJȚțȒȜȚșȠIJȡȚȥȓĮ
ǼȐȞ įİȞ ĮȚıșȐȞİıIJİ ʌȩȞȠ İȓȞĮȚ ıȘȝĮȞIJȚțȒ Ș ȜȒȥȘ
ȝİȖĮȜȪIJİȡȘȢʌȠıȩIJȘIJĮȢȣȖȡȫȞĮʌȩIJȠıȣȞȘșȚıȝȑȞȠ
ȖȚĮ ȞĮ ĮʌȠȕȜȘșȠȪȞ IJĮ ȜȚșȚĮıȚțȐ ıȣȖțȡȓȝĮIJĮ
ȆȡȠıʌĮșȒıIJİ ȞĮ ʌȓȞİIJİ ʌİȡȚııȩIJİȡĮ Įʌȩ ȜȓIJȡĮ
ȣȖȡȫȞIJȘȞȘȝȑȡĮǼȐȞȑȤİIJİțȦȜȚțȩȞİijȡȠȪȡȦIJȒıIJİ
IJȠȞȚĮIJȡȩıĮȢȖȚĮIJȠʌȩıĮȣȖȡȐİʌȚIJȡȑʌİIJĮȚȞĮʌȓȞİIJİ
ǹʌĮȖȠȡİȪİIJĮȚ Ș ȜȒȥȘ ĮȜțȠȩȜ ȖȚĮ ȫȡİȢ ȝİIJȐ IJȘȞ
İʌȑȝȕĮıȘ
ĬĮʌȡȑʌİȚȞĮįȚȣȜȓȗİIJİIJĮȠȪȡĮıĮȢȫıIJİIJĮȜȚșȚĮıȚțȐ
ıȣȖțȡȓȝĮIJĮʌȠȣșĮĮʌȠȕȜȘșȠȪȞȞĮıȣȜȜİȤșȠȪȞȖȚĮ
ĮȞȐȜȣıȘIJȘȢıȪıIJĮıȘȢIJȠȣȢ
ȅȚĮIJȡȩȢıĮȢșĮıĮȢįȫıİȚȑȞĮȤȡȠȞȠįȚȐȖȡĮȝȝĮȖȚĮ
IJȚȢIJĮțIJȚțȑȢİʌȚıțȑȥİȚȢʌĮȡĮțȠȜȠȪșȘıȘȢIJȚȢʌȡȫIJİȢ
İȕįȠȝȐįİȢȝİIJȐIJȘȞİȟȦıȦȝĮIJȚțȒȜȚșȠIJȡȚȥȓĮ
ĬĮ ʌȡȑʌİȚ ȞĮ İʌȚıIJȡȑȥİIJİ ĮȝȑıȦȢ ıIJȠ ȞȠıȠțȠȝİȓȠ
İȐȞİȝijĮȞȚıIJȠȪȞ
t ȆȣȡİIJȩȢ
t DZȜȖȠȢıIJȠȞİijȡȩȒıIJȠȣȢȜĮȖȩȞİȢıĮȢ
t ǹȚȝĮIJȠȣȡȓĮ ȖȚĮ įȚȐıIJȘȝĮ ȝİȖĮȜȪIJİȡȠ IJȦȞ ȘȝİȡȫȞȝİIJȐIJȘșİȡĮʌİȓĮ
ȆȜİȠȞİțIJȒȝĮIJĮ IJȘȢ İȟȦıȦȝĮIJȚțȒȢ
ȜȚșȠIJȡȚȥȓĮȢ
t
ȋĮȝȘȜȩȢțȓȞįȣȞȠȢİʌȚʌȜȠțȫȞ
t
ǻİȞȤȡİȚȐȗİIJĮȚĮȞĮȚıșȘıȓĮ
ȂİȚȠȞİțIJȒȝĮIJĮ IJȘȢ İȟȦıȦȝĮIJȚțȒȢ
ȜȚșȠIJȡȚȥȓĮȢ
t
ȆȩıȠ țĮȚȡȩ șĮ ȝȠȣ ʌȐȡİȚ ȝȑȤȡȚ ȞĮ
İʌȚıIJȡȑȥȦ ıIJȚȢ țĮȞȠȞȚțȑȢ țĮșȘȝİȡȚȞȑȢ
ȝȠȣįȡĮıIJȘȡȚȩIJȘIJİȢ
Ȉİ ȖİȞȚțȑȢ ȖȡĮȝȝȑȢ ȝʌȠȡİȓIJİ ȞĮ İʌȚıIJȡȑȥİIJİ ıIJȚȢ
țĮșȘȝİȡȚȞȑȢ ıĮȢ įȡĮıIJȘȡȚȩIJȘIJİȢ ĮȝȑıȦȢ ȝİIJȐ IJȘ
șİȡĮʌİȓĮ ȍıIJȩıȠ ijȡȠȞIJȓıIJİ ȞĮ ȟİțȠȣȡĮıIJİȓIJİ IJȘȞ
ǻİȞ ĮijĮȚȡİȓIJĮȚ Ƞ ȜȓșȠȢ ıĮȢ ǹȞIJ¶ ĮȣIJȠȪ IJĮ
ȜȚșȚĮıȚțȐıȣȖțȡȓȝĮIJĮIJȠȣȜȓșȠȣșĮĮʌȠȕȜȘșȠȪȞ
ȑʌİȚIJĮĮʌȩȘȝȑȡİȢȒİȕįȠȝȐįİȢȝİIJȘʌȚșĮȞȩIJȘIJĮ
ȩȝȦȢʌȡȩțȜȘıȘȢțȦȜȚțȠȪIJȠȣȞİijȡȠȪ
t
ȂʌȠȡİȓȞĮȤȡİȚĮıIJȠȪȞʌȠȜȜĮʌȜȑȢıȣȞİįȡȓİȢȖȚĮ
IJȠȣȢȝİȖĮȜȪIJİȡȠȣȢȜȓșȠȣȢ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ȅȣȡȘIJȘȡȠıțȩʌȘıȘ856
Ǿ ȠȣȡȘIJȘȡȠıțȩʌȘıȘ İȓȞĮȚ ȑȞĮ İȓįȠȢ șİȡĮʌİȓĮȢ ȝİ
İȞįȠıțȩʌȚȠ ȝȚțȡȒȢ įȚĮȝȑIJȡȠȣ ȅȚ ȜȓșȠȚ ȝʌȠȡȠȪȞ ȞĮ
İȞIJȠʌȚıșȠȪȞ țĮIJĮțİȡȝĮIJȚıșȠȪȞ țĮȚ ĮijĮȚȡİșȠȪȞ ıİ
ȝȓĮ İʌȑȝȕĮıȘ Ǿ ȠȣȡȘIJȘȡȠıțȩʌȘıȘ ȖȓȞİIJĮȚ ıȣȤȞȐ
IJĮ ʌȠıȠıIJȐ İʌȚIJȣȤȓĮȢ İȓȞĮȚ ȣȥȘȜȐ țĮȚ Ƞ țȓȞįȣȞȠȢ
ǵIJĮȞ İȞIJȠʌȚıIJİȓ Ƞ ȜȓșȠȢ ȝʌȠȡİȓ ȞĮ ĮijĮȚȡİșİȓ ȝİ IJȘ
ȤȡȒıȘ İȞȩȢ İȚįȚțȠȪ µțĮȜĮșȚȠȪ¶ ǼȚț ǼȐȞ Ƞ ȜȓșȠȢ
İȓȞĮȚʌȠȜȪȝİȖȐȜȠȢȖȚĮȞĮĮijĮȚȡİșİȓİȞIJİȜȫȢȝʌȠȡİȓ
ȞĮțĮIJĮțİȡȝĮIJȚıIJİȓȝİȤȡȒıȘODVHUȣʌİȡȒȤȠȣȒİȞȩȢ
ʌȞİȣȝĮIJȚțȠȪȜȚșȠIJȡȓʌIJȘȠȠʌȠȓȠȢȜİȚIJȠȣȡȖİȓıĮȞȑȞĮ
İʌȚʌȜȠțȫȞȤĮȝȘȜȩȢ
ȝȚțȡȩțȠȝʌȡİıȑȡDzIJıȚĮijĮȚȡȠȪȞIJĮȚȩȜĮIJĮȜȚșȚĮıȚțȐ
ıȣȖțȡȓȝĮIJĮ
ȆȫȢȖȓȞİIJĮȚȘȠȣȡȘIJȘȡȠıțȩʌȘıȘ
Ǿ ȠȣȡȘIJȘȡȠıțȩʌȘıȘ ȖȓȞİIJĮȚ ȝİ ȖİȞȚțȒ ȡĮȤȚĮȓĮ Ȓ
İȞįȠijȜȑȕȚĮĮȞĮȚıșȘıȓĮȊʌȩȞȐȡțȦıȘȠȤİȚȡȠȣȡȖȩȢ
İȚıȑȡȤİIJĮȚ ȝİ IJȘ ȕȠȒșİȚĮ IJȠȣ İȞįȠıțȠʌȓȠȣ ıIJȘȞ
ȠȣȡȠįȩȤȠ țȪıIJȘ ȝȑıȦ IJȘȢ ȠȣȡȒșȡĮȢ ȤȦȡȓȢ țĮȝȓĮ
IJȠȝȒıIJȠıȫȝĮȋȡȘıȚȝȠʌȠȚİȓIJĮȚȐțĮȝʌIJȠȒİȪțĮȝʌIJȠ
ȠȣȡȘIJȘȡȠıțȩʌȚȠĮȞȐȜȠȖĮȝİIJȘșȑıȘʌȠȣȕȡȓıțİIJĮȚ
ȠȜȓșȠȢȉȠİȪțĮȝʌIJȠȠȣȡȘIJȘȡȠıțȩʌȚȠİʌȚIJȡȑʌİȚıIJȠ
ȤİȚȡȠȣȡȖȩ ȞĮ ijșȐıİȚ ıȤİįȩȞ ıİ țȐșİ ıȘȝİȓȠ IJȠȣ
ȞİijȡȠȪǼȚț
Ȃİ ȕȐıȘ IJȘ ʌȠȡİȓĮ IJȘȢ İʌȑȝȕĮıȘȢ Ƞ ȤİȚȡȠȣȡȖȩȢ
ȝʌȠȡİȓȞĮȤȡİȚĮıIJİȓȞĮIJȠʌȠșİIJȒıİȚȑȞĮSLJWDLOıIJȠȞ
ȠȣȡȘIJȒȡĮ ȖȚĮ İȪțȠȜȘ ĮʌȠȕȠȜȒ IJȦȞ ȠȪȡȦȞ ȝȑıȦ
IJȠȣ ȠȣȡȠʌȠȚȘIJȚțȠȪ ıȣıIJȒȝĮIJȠȢ ǼȚț ȉȠ SLJWDLO
șĮ ĮijĮȚȡİșİȓ ȩIJĮȞ Ș ȡȠȒ IJȦȞ ȠȪȡȦȞ İʌȚıIJȡȑȥİȚ ıİ
ijȣıȚȠȜȠȖȚțȐİʌȓʌİįĮǹȣIJȩȝʌȠȡİȓȞĮıȣȝȕİȓȝȑıĮıİ
ĮȡțİIJȑȢȘȝȑȡİȢȑȦȢȜȓȖİȢİȕįȠȝȐįİȢ
ȞİijȡȩȢ
ȠȣȡȘIJȒȡĮȢ
İȪțĮȝʌIJȠȠȣȡȘIJȘȡȠıțȩʌȚȠ
ǼȚțȉȠİȪțĮȝʌIJȠȠȣȡȘIJȘȡȠıțȩʌȚȠİʌȚIJȡȑʌİȚıIJȠȖȚĮIJȡȩȞĮʌȡȠıİȖȖȓıİȚȠʌIJȚțȐıİȠʌȠȚȠįȒʌȠIJİıȘȝİȓȠİȞIJȩȢIJȠȣ
ȞİijȡȠȪ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ȆȩIJİ ʌȡȑʌİȚ ȞĮ İȟİIJȐıȦ IJȠ İȞįİȤȩȝİȞȠ
IJȘȢȠȣȡȘIJȘȡȠıțȩʌȘıȘȢ
ȉȚʌȡȠİIJȠȚȝĮıȓĮȤȡİȚȐȗİIJĮȚȖȚĮIJȘȞİʌȑȝȕĮıȘ
ǼȐȞ Ƞ ȜȓșȠȢ įİȞ İȓȞĮȚ ȝİȖȐȜȠȢıȣȞȒșȦȢ țȐIJȦ Įʌȩ
ȅ ȚĮIJȡȩȢ ıĮȢ șĮ ıĮȢ İȞȘȝİȡȫıİȚ ȝİ țȐșİ ȜİʌIJȠȝȑ-
İțĮIJȠıIJȐ Ș ȠȣȡȘIJȘȡȠıțȩʌȘıȘ İȓȞĮȚ İȞĮȜȜĮțIJȚțȒ
ȡİȚĮ ȖȚĮ IJȠȞ IJȡȩʌȠ ʌȡȠİIJȠȚȝĮıȓĮȢ ʌȠȣ ȤȡİȚȐȗİIJĮȚ
ȝȑșȠįȠȢIJȘȢİȟȦıȦȝĮIJȚțȒȢȜȚșȠIJȡȚȥȓĮȢȆĮȡȐIJȠȖİȖȠȞȩȢ ȩIJȚ Ș ȠȣȡȘIJȘȡȠıțȩʌȘıȘ İȓȞĮȚ ʌȚȠ İʌİȝȕĮIJȚțȒ
ǹʌĮȖȠȡİȪİIJĮȚIJȠțȐʌȞȚıȝĮȘȜȒȥȘIJȡȠijȒȢȒȣȖȡȫȞ
ȫȡİȢʌȡȠIJȘȢİʌȑȝȕĮıȘȢȖȚĮıȦıIJȒʌȡȠİIJȠȚȝĮıȓĮȖȚĮIJȘȞĮȞĮȚıșȘıȓĮ
ȝȑșȠįȠȢĮʌȩIJȘȞİȟȦıȦȝĮIJȚțȒȜȚșȠIJȡȚȥȓĮțĮȚĮʌĮȚIJİȓ
ĮȞĮȚıșȘıȓĮİȓȞĮȚĮıijĮȜȒȢțĮȚĮʌȠIJİȜİıȝĮIJȚțȒȝȑșȠįȠȢȖȚĮȜȓșȠȣȢıIJȠȞİijȡȩȒıIJȠȞȠȣȡȘIJȒȡĮǼʌİȚįȒ
ȆȩıȠ țĮȚȡȩ șĮ ȝȠȣ ʌȐȡİȚ ȝȑȤȡȚ ȞĮ
İʌȚıIJȡȑȥȦ ıIJȚȢ țĮȞȠȞȚțȑȢțĮșȘȝİȡȚȞȑȢ
ȝȠȣįȡĮıIJȘȡȚȩIJȘIJİȢ
IJĮȜȚșȚĮıȚțȐıȣȖțȡȓȝĮIJĮĮijĮȚȡȠȪȞIJĮȚțĮIJȐIJȘįȚȐȡțİȚĮ
IJȘȢİʌȑȝȕĮıȘȢįİȞȤȡİȚȐȗİIJĮȚȞĮȕȖȠȣȞĮʌȩIJȠȞȠȡȖĮȞȚıȝȩĮȡȖȩIJİȡĮȊʌȐȡȤİȚʌȠȜȪȝİȖȐȜȘʌȚșĮȞȩIJȘIJĮ
ȠȐȡȡȦıIJȠȢȞĮİȓȞĮȚµİȜİȪșİȡȠȢȜȚșȓĮıȘȢ¶ȝİȝȓĮȝȩȞȠ
İʌȑȝȕĮıȘȅȤİȚȡȠȣȡȖȩȢıĮȢșĮıĮȢİȟȘȖȒıİȚIJȚȢįȚĮijȠȡȑȢ ȝİIJĮȟȪ İȟȦıȦȝĮIJȚțȒȢ ȜȚșȠIJȡȚȥȓĮȢ țĮȚ ȠȣȡȘ-
ȈȣȞȒșȦȢȘĮȞĮȤȫȡȘıȘıĮȢĮʌȩIJȠȞȠıȠțȠȝİȓȠıȣȝȕĮȓȞİȚ ȘȝȑȡİȢ ȝİIJȐ IJȘȞ İʌȑȝȕĮıȘ țĮȚ İʌȚıIJȡȑijİIJİ
ıIJȚȢ țĮȞȠȞȚțȑȢ țĮșȘȝİȡȚȞȑȢ ıĮȢ įȡĮıIJȘȡȚȩIJȘIJİȢǹȚȝĮIJȠȣȡȓĮ ȝʌȠȡİȓ ȞĮ ȣʌȐȡȤİȚ ȖȚĮ ȝȚĮįȣȠ ȝȑȡİȢ ǹȞ
țĮIJȐIJȘįȚȐȡțİȚĮIJȘȢİʌȑȝȕĮıȘȢȤȡİȚĮıIJİȓȘIJȠʌȠșȑIJȘıȘSLJWDLOȠȤİȚȡȠȣȡȖȩȢıĮȢșĮIJȠĮijĮȚȡȑıİȚȩIJĮȞ
IJȘȡȠıțȩʌȘıȘȢĮȞȐȜȠȖĮȝİIJȘțĮIJȐıIJĮıȘıĮȢ
ȆȩIJİįİȞıȣȞȚıIJȐIJĮȚȘȠȣȡȘIJȘȡȠıțȩʌȘıȘ
ȘȡȠȒIJȦȞȠȪȡȦȞİʌȚıIJȡȑȥİȚıIJĮijȣıȚȠȜȠȖȚțȐİʌȓʌİįĮȆȡȑʌİȚȞĮİʌȚıIJȡȑȥİIJİȐȝİıĮıIJȠȞȠıȠțȠȝİȓȠıİ
ȅȚĮȞIJİȞįİȓȟİȚȢȖȚĮȠȣȡȘIJȘȡȠıțȩʌȘıȘİȓȞĮȚȜȓȖİȢȈİ
ȖİȞȚțȑȢȖȡĮȝȝȑȢȝʌȠȡİȓȞĮİijĮȡȝȠıIJİȓıİțȐșİĮıșİȞȒ ʌȠȣ ȝʌȠȡİȓ ȞĮ ȣʌȠȕȜȘșİȓ ıİ ĮȞĮȚıșȘıȓĮ ȤȦȡȓȢ
ʌİȡȚʌIJȫıİȚȢ
ȝȘ șİȡĮʌİȣȝȑȞȘ ȜȠȓȝȦȟȘ ȠȣȡȠʌȠȚȘIJȚțȠȪ ǼʌȓıȘȢ
ȝʌȠȡİȓțȐʌȠȚȠȢȞĮȣʌȠȕȜȘșİȓıİȠȣȡȘIJȘȡȠıțȩʌȘıȘ
ȤȦȡȓȢȞĮİȓȞĮȚĮʌĮȡĮȓIJȘIJȘȘįȚĮțȠʌȒIJȦȞijĮȡȝȐțȦȞ
ȖȚĮIJȘʌȒȟȘIJȠȣĮȓȝĮIJȠȢǼȓȞĮȚʌȐȞIJĮıȘȝĮȞIJȚțȒʌȐ-
t ȆȣȡİIJȠȪ
t DZȜȖȠȣȢıIJȠȞİijȡȩȒıIJȠȣȢȜĮȖȩȞİȢ
ȞIJȦȢ Ș ıȣȗȒIJȘıȘ ȝİ IJȠȞ ȚĮIJȡȩ ıĮȢ ĮȞȐȜȠȖĮ ȝİ IJȘȞ
ĮIJȠȝȚțȒıĮȢțĮIJȐıIJĮıȘ
țĮȜȐșȚ
ȆȜİȠȞİțIJȒȝĮIJĮȠȣȡȘIJȘȡȠıțȩʌȘıȘȢ
t
DZȝİıȘĮijĮȓȡİıȘIJȠȣȜȓșȠȣ
t
ȋĮȝȘȜȩȢțȓȞįȣȞȠȢİʌȚʌȜȠțȫȞ
ȂİȚȠȞİțIJȒȝĮIJĮȠȣȡȘIJȘȡȠıțȩʌȘıȘȢ
ıȪȜȜȘȥȘȢ
ȜȓșȠȣ
ȠȣȡȘIJȘȡȚțȩȢ
ȜȓșȠȢ
t
ǹʌĮȚIJİȓĮȞĮȚıșȘıȓĮ
t
ȊʌȐȡȤİȚ ȝȚțȡȩȢ țȓȞįȣȞȠȢ IJȡĮȣȝĮIJȚıȝȠȪ IJȠȣ
ȠȣȡȘIJȒȡĮ
ȠȣȡȘIJȘȡȠıțȩʌȘıȘ
ȠȣȡȠįȩȤȠȢțȪıIJȘ
ȠȣȡȒșȡĮ
ȠȣȡȘIJȘȡȠıțȩʌȚȠ
ǼȚțȅȜȓșȠȢĮijĮȚȡİȓIJĮȚĮʌȩIJȠȞȠȣȡȘIJȒȡĮȝİIJȘȤȡȒıȘ©țĮȜĮșȚȠȪªıȪȜȜȘȥȘȢ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ǻȚĮįİȡȝȚțȒȞİijȡȠȜȚșȠIJȡȚȥȓĮ31/
+ įȚĮįİȡȝȚțȒ ȞİijȡȠȜȚșȠIJȡȚȥȓĮ İȓȞĮȚ Ș ȤİȚȡȠȣȡȖȚțȒ
İʌȑȝȕĮıȘ ȖȚĮ IJȘȞ ĮijĮȓȡİıȘ ȝİȖȐȜȦȞ ȜȓșȦȞ
ĮʌİȣșİȓĮȢ Įʌȩ IJȠ Ȟİijȡȩ ȉȠ ʌȜİȠȞȑțIJȘȝĮ IJȘȢ İȓȞĮȚ
ȩIJȚĮțȩȝĮțĮȚȝİȖȐȜȠȚȜȓșȠȚȝʌȠȡȠȪȞȞĮĮijĮȚȡİșȠȪȞ
ȝİ ȝȓĮ ȝȩȞȠ İʌȑȝȕĮıȘ ǼȚțĮ țĮȚ ȕ ȍıIJȩıȠ ıİ
țĮIJĮțİȡȝĮIJȓȗİIJĮȚ ʌȡȫIJĮ ıİ ȝȚțȡȩIJİȡĮ țȠȝȝȐIJȚĮ ȅ
țĮIJĮțİȡȝĮIJȚıȝȩȢIJȠȣȜȓșȠȣȖȓȞİIJĮȚȝİODVHUȣʌȑȡȘȤȠ
Ȓ ȝİ ʌȞİȣȝĮIJȚțȩ ȜȚșȠIJȡȓʌIJȘ ʌȠȣ ȜİȚIJȠȣȡȖİȓ ıĮȞ
ȝȚțȡȩțȠȝʌȡİıȑȡȈIJȠıȘȝİȓȠĮȣIJȩĮijĮȚȡȠȪȞIJĮȚȩȜĮ
IJĮ ȜȚșȚĮıȚțȐ ıȣȖțȡȓȝĮIJĮ ȂİȡȚțȑȢ ijȠȡȑȢ ȑȞĮ SLJWDLO
ıȪȖțȡȚıȘ ȝİ IJȘȞ İȟȦıȦȝĮIJȚțȒ ȜȚșȠIJȡȚȥȓĮ țĮȚ IJȘȞ
ȠȣȡȘIJȘȡȠıțȩʌȘıȘ İȓȞĮȚ ʌȚȠ İʌİȝȕĮIJȚțȒ ȝȑșȠįȠȢ
ȝİ ȝİȖĮȜȪIJİȡȠ țȓȞįȣȞȠ İʌȚʌȜȠțȫȞ ȅȚ ʌȚȠ ıȣȤȞȑȢ
İʌȚʌȜȠțȑȢ IJȘȢ įȚĮįİȡȝȚțȒȢ ȞİijȡȠȜȚșȠIJȡȚȥȓĮȢ İȓȞĮȚ Ș
ĮȚȝȠȡȡĮȖȓĮțĮȚʌȣȡİIJȩȢ
ǼȚț Ȓ ȑȞĮȢ ıȦȜȒȞĮȢ įȚĮįİȡȝȚțȒȢ ȞİijȡȠıIJȠȝȓĮȢ
ǼȚțIJȠʌȠșİIJİȓIJĮȚȖȚĮIJȘȞİȟĮıijȐȜȚıȘIJȘȢİȟȩįȠȣ
ȆȫȢ İțIJİȜİȓIJĮȚ Ș įȚĮįİȡȝȚțȒ ȞİijȡȠȜȚșȠIJȡȚȥȓĮ
Ǿ 31/ įȚİȟȐȖİIJĮȚ ȣʌȩ ȖİȞȚțȒ ĮȞĮȚıșȘıȓĮ ȅ
ȤİȚȡȠȣȡȖȩȢ ʌĮȡĮțİȞIJȐİȚ IJȠ Ȟİijȡȩ ȝİ ȕİȜȩȞĮ ȝȑıȦ
IJȠȣ įȑȡȝĮIJȩȢ ıĮȢ İȞȫ İȓıIJİ ȣʌȩ ĮȞĮȚıșȘıȓĮ ȈIJȘ
ıȣȞȑȤİȚĮ įȚİȣȡȪȞİȚ IJȠ țĮȞȐȜȚ ʌĮȡĮțȑȞIJȘıȘȢ IJȩıȠ
ȫıIJİȞĮȝʌȠȡİȓȞĮİȚıȑȜșİȚIJȠȞİijȡȠıțȩʌȚȠǹȞȐȜȠȖĮ
ȝİIJȠȝȑȖİșȠȢIJȠȣȜȓșȠȣİȓIJİĮijĮȚȡİȓIJĮȚȠȜȩțȜȘȡȠȢİȓIJİ
IJȦȞȠȪȡȦȞĮʌȩIJȠȞİijȡȩ
:KHQVKRXOG,FRQVLGHU31/"
ȆȩIJİ ʌȡȑʌİȚ ȞĮ İȟİIJȐıȦ IJȠ İȞįİȤȩȝİȞȠ IJȘȢ
įȚĮįİȡȝȚțȒȢȞİijȡȠȜȚșȠIJȡȚȥȓĮȢ
ǵIJĮȞ Ƞ ȜȓșȠȢ İȓȞĮȚ ʌȠȜȪ ȝİȖȐȜȠȢ ȝİȖĮȜȪIJİȡȠȢ Įʌȩ
İțĮIJȠıIJȐțĮȚįİȞȑȤİȚȝİIJĮțȚȞȘșİȓıIJȠȞȠȣȡȘIJȒȡĮ
ȅ ȚĮIJȡȩȢ ȝʌȠȡİȓ ȞĮ ıĮȢ ʌȡȠIJİȓȞİȚ įȚĮįİȡȝȚțȒ
ȞİijȡȠȜȚșȠIJȡȚȥȓĮıĮȞİʌȚȜȠȖȒșİȡĮʌİȓĮȢĮȞ
t DzȤİIJİʌİȡȚııȩIJİȡȠȣȢĮʌȩȑȞĮȜȓșȠ
t ȅȜȓșȠȢıĮȢİȓȞĮȚʌȠȜȪıțȜȘȡȩȢ
ȞİijȡȠıțȩʌȚȠ
ȞİijȡȚțȠȓ
ȜȓșȠȚ
ȠȣȡȠįȩȤȠȢ
țȪıIJȘ
ȞİijȡȠıțȩʌȚȠ
ǼȚțDȉȠȞİijȡȠıțȩʌȚȠȤȡȘıȚȝȠʌȠȚİȓIJĮȚȖȚĮIJȘȞ
ĮijĮȓȡİıȘȜȓșȦȞĮʌİȣșİȓĮȢĮʌȩIJȠȣȢȞİijȡȠȪȢ
ǼȚțȕȁȚșȚĮıȚțȐıȣȖțȡȓȝĮIJĮĮijĮȚȡȠȪȞIJĮȚıİȝȚĮ
ȝȩȞȠİʌȑȝȕĮıȘȝİIJȘȤȡȒıȘȞİijȡȠıțȠʌȓȠȣ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ȆȩIJİįİȞıȣȞȚıIJȐIJĮȚȘįȚĮįİȡȝȚțȒȞİijȡȠȜȚșȠIJȡȚȥȓĮ
ǾįȚĮįİȡȝȚțȒȞİijȡȠȜȚșȠIJȡȚȥȓĮİȓȞĮȚȝȚĮĮıijĮȜȒȢțĮȚ
ĮʌȠIJİȜİıȝĮIJȚțȒȝȑșȠįȠȢȝİțȐʌȠȚİȢĮȞIJİȞįİȓȟİȚȢȕȑ-
ȆȜİȠȞİțIJȒȝĮIJĮ įȚĮįİȡȝȚțȒȢ ȞİijȡȠȜȚșȠIJȡȚȥȓĮȢ
t
ʌȠȜȪ ȝİȖȐȜȦȞ ıİ ȝȑȖİșȠȢ ȜȓșȦȞ ıİ ȝȚĮ ȝȩȞȠ
ȕĮȚĮįȚȩIJȚȘʌȡȠıʌȑȜĮıȘıIJȠȜȓșȠȖȓȞİIJĮȚĮʌİȣșİȓĮȢ
įȚĮįİȡȝȚțȐǹȞ ȜĮȝȕȐȞİIJİ ijȐȡȝĮțĮ ȖȚĮ ȞĮ ĮʌȠIJȡĮʌİȓȘʌȒȟȘIJȠȣĮȓȝĮIJȠȢșĮʌȡȑʌİȚȞĮIJĮıIJĮȝĮIJȒıİIJİ
ʌȡȚȞIJȘȞİʌȑȝȕĮıȘǼȓȞĮȚʌȐȞIJĮıȘȝĮȞIJȚțȒʌȐȞIJȦȢȘ
ıȣȗȒIJȘıȘ ȝİ IJȠȞ ȚĮIJȡȩ ıĮȢ ĮȞȐȜȠȖĮ ȝİ IJȘȞ ĮIJȠȝȚțȒ
+ įȣȞĮIJȩIJȘIJĮ ʌȜȒȡȠȣȢ ĮijĮȓȡİıȘȢ ĮțȩȝĮ țĮȚ
İʌȑȝȕĮıȘ
ȂİȚȠȞİțIJȒȝĮIJĮ įȚĮįİȡȝȚțȒȢ ȞİijȡȠȜȚșȠIJȡȚȥȓĮȢ
ıĮȢ țĮIJȐıIJĮıȘ ǼʌȚʌȜȑȠȞ Ș įȚĮįİȡȝȚțȒ ȞİijȡȠȜȚșȠIJȡȚȥȓĮįİȞıȣȞȚıIJȐIJĮȚıİțĮIJĮıIJȐıİȚȢİȖțȣȝȠıȪȞȘȢȒ
t
$ʌĮȚIJİȓȖİȞȚțȒĮȞĮȚıșȘıȓĮ
t
ǹijȒȞİȚȠȣȜȒ
ıİʌİȡȓʌIJȦıȘʌȠȣȜȩȖȦıȦȝĮIJȚțȒȢįȚȐʌȜĮıȘȢİȓȞĮȚ
t
ȂİȖĮȜȪIJİȡȘʌĮȡĮȝȠȞȒıIJȠȞȠıȠțȠȝİȓȠ
įȪıțȠȜȘȘʌȡȩıȕĮıȘıIJȠȞİijȡȩ
ȉȚʌȡȠİIJȠȚȝĮıȓĮȤȡİȚȐȗİIJĮȚȖȚĮIJȘȞİʌȑȝȕĮıȘ
ȅ ȚĮIJȡȩȢ ıĮȢ șĮ ıĮȢ İȞȘȝİȡȫıİȚ ȝİ țȐșİ ȜİʌIJȠȝȑȡİȚĮ ȖȚĮ IJȠȞ IJȡȩʌȠ ʌȡȠİIJȠȚȝĮıȓĮȢ ʌȠȣ ȤȡİȚȐȗİIJĮȚ
ǹʌĮȖȠȡİȪİIJĮȚIJȠțȐʌȞȚıȝĮȘȜȒȥȘIJȡȠijȒȢȒȣȖȡȫȞ
ȫȡİȢʌȡȠIJȘȢİʌȑȝȕĮıȘȢȖȚĮıȦıIJȒʌȡȠİIJȠȚȝĮıȓĮȖȚĮȖİȞȚțȒĮȞĮȚıșȘıȓĮ
ȆȩıȠțĮȚȡȩșĮȝȠȣʌȐȡİȚȖȚĮȞĮİʌȚıIJȡȑȥȦıIJȚȢțĮȞȠȞȚțȑȢțĮșȘȝİȡȚȞȑȢȝȠȣįȡĮıIJȘȡȚȩIJȘIJİȢ
ȂİIJȐ IJȘ įȚĮįİȡȝȚțȒ ȞİijȡȠȜȚșȠIJȡȚȥȓĮ șĮ ʌĮȡĮȝİȓȞİIJİıIJȠȞȠıȠțȠȝİȓȠȖȚĮȝİȡȚțȑȢȝȑȡİȢȈİʌİȡȓʌIJȦıȘ
IJȠʌȠșȑIJȘıȘȢıȦȜȒȞĮįȚĮįİȡȝȚțȒȢȞİijȡȠıIJȠȝȓĮȢșĮ
ʌȐȡİIJİ İȟȚIJȒȡȚȠ ȩIJĮȞ Ƞ ȤİȚȡȠȣȡȖȩȢ Ȓ Ƞ ȞȠıȘȜİȣIJȒȢ
ıĮȢIJȘȞĮijĮȚȡȑıİȚȉȠȤȡȫȝĮIJȦȞȠȪȡȦȞıĮȢȝʌȠȡİȓ
ȞĮİȓȞĮȚȜȓȖȠʌȚȠĮȚȝĮIJȘȡȩIJȚȢʌȡȫIJİȢȝȑȡİȢȂȘȞıȤİįȚȐıİIJİıȦȝĮIJȚțȒȐıțȘıȘIJȚȢįȪȠʌȡȫIJİȢİȕįȠȝȐįİȢ
ȝİIJȐIJȘȞİʌȑȝȕĮıȘ
ĬĮ ʌȡȑʌİȚ ȞĮ İʌȚıIJȡȑȥİIJİ ĮȝȑıȦȢ ıIJȠ ȞȠıȠțȠȝİȓȠ
ıİʌİȡȓʌIJȦıȘ
t ȆȣȡİIJȠȪ
t DZȜȖȠȣȢıIJȠȞİijȡȩȒıIJȠȣȢȜĮȖȩȞİȢ
t ǹȚȝĮIJȠȣȡȓĮȝȚĮİȕįȠȝȐįĮȝİIJȐIJȘȞİʌȑȝȕĮıȘ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ȈİȜȓįĮ
ǹȣIJȒȘʌȜȘȡȠijȠȡȓĮİȞȘȝİȡȫșȘțİȖȚĮIJİȜİȣIJĮȓĮijȠȡȐIJȠȞǿȠȪȞȚȠIJȠȣ
ȉȠijȣȜȜȐįȚȠĮȣIJȩʌİȡȚȑȤİȚȖİȞȚțȑȢʌȜȘȡȠijȠȡȓİȢıȤİIJȚțȐȝİIJȘȞȜȚșȓĮıȘIJȦȞȞİijȡȫȞțĮȚȠȣȡȘIJȒȡȦȞǹȞȑȤİIJİȠʌȠȚİıįȒʌȠIJİ
ıȣȖțİțȡȚȝȑȞİȢİȡȦIJȒıİȚȢıȤİIJȚțȐȝİIJȘȞʌȡȠıȦʌȚțȒıĮȢȚĮIJȡȚțȒțĮIJȐıIJĮıȘșĮʌȡȑʌİȚȞĮıȣȝȕȠȣȜİȣIJİȓIJİIJȠȖȚĮIJȡȩıĮȢȒȐȜȜȠijȠȡȑĮ
ʌĮȡȠȤȒȢȣȖİȚȠȞȠȝȚțȒȢʌİȡȓșĮȜȥȘȢ
ȅȚʌȜȘȡȠijȠȡȓİȢʌĮȡȑȤȠȞIJĮȚĮʌȩIJȘȞǼȣȡȦʌĮȧțȒȅȣȡȠȜȠȖȚțȒǼIJĮȚȡİȓĮ(XURSHDQ$VVRFLDWLRQRI8URORJ\($8ıİıȣȞİȡȖĮıȓĮȝİIJȠ
IJȝȒȝĮIJȘȢȠȣȡȠȜȚșȓĮıȘȢIJȘȢ($8(8/,6IJȠIJȝȒȝĮȠȣȡȠȜȚșȓĮıȘȢIJȘȢȅȝȐįĮȢIJȦȞȃȑȦȞǹțĮįȘȝĮȧțȫȞȅȣȡȠȜȩȖȦȞIJȘȢ($8țĮȚIJȘȢ
ǼȣȡȦʌĮȧțȒȢǼIJĮȚȡİȓĮȢȃȠıȘȜİȣIJȫȞȅȣȡȠȜȠȖȓĮȢ($81
ȉȠʌİȡȚİȤȩȝİȞȠĮȣIJȠȪIJȠȣijȣȜȜĮįȓȠȣİȣșȣȖȡĮȝȝȓȗİIJĮȚȝİIJȚȢțĮIJİȣșȣȞIJȒȡȚİȢȖȡĮȝȝȑȢIJȘȢ($8
ȈȣȞIJİȜİıIJȑȢ
ǻȡ%DFK7KRUVWHQ ǻȡ0XUDW%LQED\ ȀĮ1LFROD'LFNHQV ȀĮ%HQWH7KRIW-HQVHQ
ȀĮșǻȡ7KRPDV.QROO
ȀȠȢ$QGUp0HQGHV
ǻȡ)UDQFHVFR6DQJXHGROFH
ǻȡ&KULVWLDQ7UN ǹȝȕȠȪȡȖȠīİȡȝĮȞȓĮ
ȀȦȞıIJĮȞIJȚȞȠȪʌȠȜȘȉȠȣȡțȓĮ
ȁȠȞįȓȞȠǾȞȦȝȑȞȠǺĮıȓȜİȚȠ
cUKXVǻĮȞȓĮ
6LQGHO¿QJHQīİȡȝĮȞȓĮ
&DVWHOR%UDQFRȆȠȡIJȠȖĮȜȓĮ
ǺĮȡțİȜȫȞȘǿıʌĮȞȓĮ
ǺȚȑȞȞȘǹȣıIJȡȓĮ
ȆȜȘȡȠijȠȡȓİȢǹıșİȞȫȞĬİȡĮʌİȓĮȜȓșȦȞIJȠȣȞİijȡȠȪțĮȚIJȠȣȠȣȡȘIJȒȡĮ
ıİıȣȞİȡȖĮıȓĮȝİ
ȈİȜȓįĮ

Κατέβασμα

Κατέβασμα

Κατέβασμα