PLDáDE\SROHJDüQD
]DRSDWU]HQLXDUW\NXáXZW\WXá]DZLHUDMąF\ZQLRVHNQLHZ\QLNDMąF\]WUHĞFLZ\ZLDGX
SRGDQLDRGPLHQQHJRRGU]HF]\ZLVWHJREU]PLHQLDLGUXJLHJR]]DGDQ\FKS\WDĔZVNXWHNF]HJR
RGSRZLHGĨQDQLHVSUDZLDáDZUDĪHQLHRGQRV]ąF\VLĊGRRVRE\SRZRGDFKRFLDĪ]DGDQHIDNW\F]QLH
S\WDQLHPLDáRFKDUDNWHURJyOQ\
SRPLQLĊFLHRVWDWQLHMF]ĊĞFLZ\ZLDGXZNWyUHMUR]PyZFDZ\SRZLDGDVLĊSR]\W\ZQLHQDWHPDWRVRE\
SRZRGD
6NRURNZHVWLD]DVDGQRĞFL]DU]XWyZSRGQRV]RQ\FKSU]H]SRZRGD]RVWDáDMXĪ]EDGDQDZSRVWĊSRZDQLX
MDNLHWRF]\áRVLĊSRGV\JQDWXUąDNW,,,&NWyUH]DNRĔF]\áRVLĊXZ]JOĊGQLHQLHPSRZyG]WZDZ
]DNUHVLHQDND]DQLDSR]ZDQHPXRSXEOLNRZDQLDSU]HSURVLQLVWRWąVSRUXZQLQLHMV]HMVSUDZLHE\áDRFHQDF]\
SRZyGZ]ZLą]NX]QDUXV]HQLHPMHJRGyEURVRELVW\FKPRĪHGRPDJDüVLĊWDNĪH]DSáDW\]DGRĞüXF]\QLHQLD
SLHQLĊĪQHJRSU]HZLG]LDQHJRDUW\NXOHNFLDUW\NXOHNF:W\P]DNUHVLH6ąG,LQVWDQFMLSRG]LHOLá
VWDQRZLVNRSUH]HQWRZDQHSU]H]SR]ZDQHJRZ\GDZFĊ]JRGQLH]NWyU\P]DVąG]HQLH]DGRĞüXF]\QLHQLD
SLHQLĊĪQHJRPDFKDUDNWHUIDNXOWDW\ZQ\MHJRSU]\]QDQLH]DOHĪQHMHVWRGX]QDQLDVąGX 6ąGGHF\GXMąFRG
FHORZRĞFLSU]\]QDQLD]DGRĞüXF]\QLHQLDNLHURZDüZLQLHQVLĊSU]HGHZV]\VWNLPFHORZRĞFLą]DVWRVRZDQLD
WHJRĞURGNDXVXQLĊFLDVNXWNyZQDUXV]HQLDGREUDRVRELVWHJRWDNE\]JáRV]HQLHWDNLHJRURV]F]HQLDQLHPLDáR
FKDUDNWHUXPHUNDQW\OQHJRWUDNWRZDQHJRSU]H]SRNU]\ZG]RQHJRZ\áąF]QLHZNDWHJRULDFKVSRVREyZ
Z]ERJDFHQLDVLĊ-DNRRNROLF]QRĞüSU]HPDZLDMąFHSU]HFLZNRSU]\]QDQLXWDNLHJR]DGRĞüXF]\QLHQLD6ąG
2NUĊJRZ\ZVND]DáXSá\ZF]DVXRGZ\VWąSLHQLDV]NRG\VWDZLDMąF\SRG]QDNLHP]DS\WDQLDFHORZRĞü
NRPSHQVRZDQLD]á\FKGRĞZLDGF]HĔGRĞZLDGF]HQLDPLSR]\W\ZQ\PLF]\WHĪPRW\ZDFMĊSRV]NRGRZDQHJR
GODZ\VWąSLHQLD]URV]F]HQLHPRUD]VNRU]\VWDQLHSU]H]SRNU]\ZG]RQHJR]LQQ\FKGRVWĊSQ\FKĞURGNyZ
RFKURQ\ :W\P]DNUHVLH]ZUyFRQRXZDJĊLĪZ]ZLą]NX]F]ĊĞFLRZ\PXZ]JOĊGQLHQLHPSRZyG]WZDZ
]DNUHVLHĪąGDQLDRSXEOLNRZDQLDSU]HSURVLQRUD]IDNW\F]QHJRRSXEOLNRZDQLDW\FKSU]HSURVLQSU]H]
SR]ZDQHJRSRZyGIDNW\F]QLHRWU]\PDáUHPHGLDRFHQLRQHSU]H]VąGRU]HNDMąF\MDNRDGHNZDWQHGR
UR]PLDUXGR]QDQHMSU]H]QLHJRNU]\ZG\ 7\PVDP\PUR]ZDĪHQLDZ\PDJDáRWU]HFKRNROLF]QRĞFLVSUDZ\
X]DVDGQLDMąSU]\]QDQLHGRGDWNRZ\FKUHPHGLyZZW\PSU]\SDGNXZSRVWDFL]DGRĞüXF]\QLHQLD
SLHQLĊĪQHJR
8]DVDGQLDMąFVZRMHĪąGDQLHSRZyGF]\SRZRá\ZDáVLĊQDRNROLF]QRĞFLZVND]XMąFHQD]QDF]Q\VWRSLHĔ]áHM
ZROLSR]ZDQHJR]QDF]Q\UR]PLDUSRF]XFLDNU]\ZG\SRVZHMVWURQLHDWDNĪHWUZDáRĞüVWRVXQNXQDUXV]HQLD
GREUDRVRELVWHJR=ZUDFDáXZDJĊLĪSU]HGPLRWRZDLQIRUPDFMDQDGDOIXQNFMRQXMHZLQWHUQHFLHLRVRED
SRV]XNXMąFDLQIRUPDFMLQDWHPDWSRZRGD]áDWZRĞFLąPRĪHGRQLHMGRWU]Hü3RZyGSRZRá\ZDáVLĊWXZSURVW
QDRF]HNLZDQ\SHQDOQ\LSUHZHQF\MQ\VNXWHNQDáRĪHQLDQDSR]ZDQHJRRERZLą]NX]DSáDW\]QDF]ąFHMNZRW\
NRQFHQWUXMąFVLĊWXQDRFHQLHG]LDáDĔSR]ZDQHJRMDNRQLHGRSXV]F]DOQHMPDQLSXODFMLZNWyUDE\áD
PRW\ZRZDQDFKĊFLąVZRLVWHM]HPVW\]DDNW\ZQRĞüSRZRGDMDNRSHáQRPRFQLNDZSRVWĊSRZDQLDFK
VąGRZ\FKSU]HFLZNRSR]ZDQHPX3RZyGSRZRá\ZDáVLĊZSURVWQDWRLĪFHOHP]JáRV]RQHJRĪąGDQLDMHVW
RVLąJQLĊFLHSU]H]QLHJRVDW\VIDNFML]IDNWXLĪSR]ZDQ\SRQLHVLHRGF]XZDOQHNRQVHNZHQFMHILQDQVRZH