]QLHZDJĊ
1LHXV]HGáSU]\W\PXZDG]H6ąGX$SHODF\MQHJRIDNW]DNZHVWLRQRZDQLDNRQVW\WXF\MQRĞFLDUWNN
SRSU]H]VNLHURZDQLHGR7U\EXQDáX.RQVW\WXF\MQHJRSU]H]MHGHQ]VąGyZS\WDQLDSUDZQHJRGRW\F]ąFHJR
]JRGQRĞFLWHJRSU]HSLVX]JZDUDQWXMąF\PLVZRERGĊZ\SRZLHG]LSU]HSLVDPL.RQVW\WXFMLRUD].RQZHQFML
5DG\(XURS\RRFKURQLHSUDZF]áRZLHNDLSRGVWDZRZ\FKZROQRĞFL3RGNUHĞOLüMHGQDNQDOHĪ\ĪHZREHFQHM
FKZLOLF]\QSROHJDMąF\QD]QLHZDĪHQLX3UH]\GHQWD5]HF]\SRVSROLWHM3ROVNLHMSRGOHJDSHQDOL]DFMLL
]GDQLHP6ąGX$SHODF\MQHJRQLQLHMV]HUR]VWU]\JQLĊFLHQLHPRĪHSR]RVWDZDüZRGHUZDQLXRG
RERZLą]XMąFHJRVWDQXSUDZQHJR=ZUyFLüUyZQLHĪQDOHĪ\XZDJĊĪHSU]HSLVDUWNNQLHMHVW
MHG\Q\PSU]HSLVHPZV\VWHPLHSROVNLHJRSUDZDNDUQHJRNWyU\PDQDFHOXRFKURQĊJRGQRĞFLRVRELVWHM
F]áRZLHND:\VWDUF]\WXZVSRPQLHüRDUWNNNWyU\SU]HZLGXMHRGSRZLHG]LDOQRĞüNDUQą]D
]QLHZDĪHQLHLQQHMRVRE\ ZMHMREHFQRĞFLDOERFKRüE\SRGMHMQLHREHFQRĞüOHF]SXEOLF]QLHOXEZ]DPLDU]H
DE\]QLHZDJDGRWHMRVRE\GRWDUáDRUD]]DSRPRFąĞURGNyZPDVRZHJRNRPXQLNRZDQLD 3RG
MHJRRFKURQąSR]RVWDMHJRGQRĞüRVRELVWDZV]\VWNLFKOXG]LQLHZ\áąF]DMąFRVyESXEOLF]Q\FKZW\PWDNĪHL
SROLW\NyZFKRüMDNZ\ĪHMZVND]DQRZĞZLHWOHRU]HF]QLFWZD(XURSHMVNLHJR7U\EXQDáX3UDZ&]áRZLHND
GREUDRVRELVWHW\FKRVWDWQLFKVąRWRF]RQHPQLHMV]ąDQLĪHOLZSU]\SDGNXRVyESU\ZDWQ\FKRFKURQą3R]D
W\PJRGQRĞüRVyEEĊGąF\FKIXQNFMRQDULXV]DPLSXEOLF]Q\PLSU]HG]QLHZDĪHQLHP FKRüZRJUDQLF]RQ\P
]DNUHVLH FKURQLSU]HSLVDUWNN]DĞDUWNNFKURQLSU]HG]QLHZDJąSRZDJĊLDXWRU\WHW
NRQVW\WXF\MQ\FKRUJDQyZ5]HF]\SRVSROLWHM3ROVNLHM:REHFSRZ\ĪV]HJRZ\GDMHVLĊZLĊFĪH
Z\RGUĊEQLHQLHSU]HSLVXSHQDOL]XMąFHJR]QLHZDĪHQLHZ\áąF]QLH3UH]\GHQWD5]HF]\SRVSROLWHM3ROVNLHMQLH
PRĪQHE\üX]QDQH]DSURZDG]ąFHGRQDGPLHUQHJRRJUDQLF]HQLDVZRERG\Z\SRZLHG]L)DNWHPMHVWĪH
SU]HSLVDUWNNSU]HZLGXMHVXURZV]HVDQNFMH]DMHJRQDUXV]HQLHDQLĪHOLZVSRPQLDQHSU]HSLV\DUW
LNNLDUWLNNDOHSU]HFLHĪFKURQLRQGREUDRVRELVWHV]F]HJyOQHMRVRE\RNUHĞORQHM
SU]H]SU]HSLV\.RQVW\WXFMLPLDQHPQDMZ\ĪV]HJRSU]HGVWDZLFLHOD5]HF]\SRVSROLWHM3ROVNLHMJZDUDQWHP
FLąJáRĞFLZáDG]\SDĔVWZRZHMNWyU\F]XZDQDGSU]HVWU]HJDQLHP.RQVW\WXFMLVWRLQDVWUDĪ\VXZHUHQQRĞFLL
EH]SLHF]HĔVWZDSDĔVWZDRUD]QLHQDUXV]DOQRĞFLLQLHSRG]LHOQRĞFLMHJRWHU\WRULXP DUWXVWL
.RQVW\WXFML :OLWHUDWXU]HSUDZQLF]HMSRGNUHĞODVLĊZUĊF]ĪHJáyZQ\PSU]HGPLRWHPRFKURQ\WHJR
SU]HSLVXMHVWEH]SLHF]HĔVWZR5]HF]\SRVSROLWHM3ROVNLHM=GRĞZLDGF]HĔKLVWRU\F]Q\FKZ\QLNDERZLHPĪH
]QLHZDĪHQLH3UH]\GHQWDVWZDU]DEH]SRĞUHGQLH]DJURĪHQLHGHVWDELOL]DFMąSDĔVWZD SRU-:RMFLHFKRZVNL
Z .RGHNVNDUQ\&]ĊĞüV]F]HJyOQD7RP,.RPHQWDU]:DUV]DZDVWU 3U]\SU]\MĊFLXWDNLHM
NRQFHSFMLSU]HGPLRWXRFKURQ\DUWNNRF]\ZLVWąZ\GDMHVLĊSRWU]HEDUR]FLąJQLĊFLDRFKURQ\
SUDZQRNDUQHMQDJRGQRĞü3UH]\GHQWDQLH]DOHĪQLHRG]ZLą]NX]QLHZDĪHQLD]SHáQLHQLHPSU]H]3UH]\GHQWD
RERZLą]NyZVáXĪERZ\FK
2GQRV]ąFVLĊGRDUJXPHQWDFMLSU]HGVWDZLRQHMZĞURGNXRGZRáDZF]\PZ\ZLHG]LRQ\PSU]H]RVNDUĪ\FLHOD
SXEOLF]QHJRZVND]DüQDOHĪ\ĪH6ąG2NUĊJRZ\GRV]HGáGRWUDIQHJRZQLRVNXĪHQLHVWDQRZLąSU]HVWĊSVWZD
]QLHZDĪHQLDJUXS\OXGQRĞFL]SRZRGXMHMSU]\QDOHĪQRĞFLQDURGRZHMRNWyU\PPRZDZDUWNN
VIRUPXáRZDQLDXĪ\WHSU]H]RVNDUĪRQHJRZRSXEOLNRZDQ\FKZ*D]HFLH6SRáHF]QHM3DUW\NXáDFK