]GDĔSU]\SXV]F]DMąF\FK 8]DVDGQLHQLHSUDZQH :WDNXVWDORQ\PVWDQLHIDNW\F]Q\P6ąG]ZDĪ\áFRQDVWĊSXMH 2FHQLDMąF]HEUDQ\ZVSUDZLHPDWHULDáGRZRGRZ\6ąGX]QDáĪHZLQDRVNDUĪRQHJRRGQRĞQLHZV]\VWNLFK ]DU]XFDQ\FKPXF]\QyZMDNLRNROLF]QRĞFLLFKSRSHáQLHQLDQLHEXG]ąZąWSOLZRĞFLPRG\ILNDFMLZ\PDJD MHGQDNRSLV]DU]XFDQ\FKPXF]\QyZERZLHPVIRUPXáRZDQHSU]H]HRVNDUĪ\FLHOD]DU]XW\QLHZVND]\ZDá\ SUHF\]\MQLHZMDNLVSRVyERVNDUĪRQ\]QLHZDĪ\áSUDFRZQLFHVRFMDOQHDZSU]\SDGNXF]\QyZ]DUW NNQLHZVND]\ZDáRUJDQyZSRZRáDQ\FKGRĞFLJDQLDSU]HVWĊSVWZLSU]HZLQLHĔG\VF\SOLQDUQ\FKNWyUHWR RVNDUĪRQ\]DZLDGRPLáRSRSHáQLHQLXF]\QyZ]DEURQLRQ\FKSU]H]SRNU]\ZG]RQH6ąGGRSUHF\]RZDá]DWHP VWDZLDQHRVNDUĪRQHPX]DU]XW\RWHHOHPHQW\WDNDE\]DZLHUDá\RQHSHáQ\RSLV]QDPLRQF]\QyZ SU]\SLVDQ\FKRVNDUĪRQHPX]DUyZQRZDNFLHRVNDUĪHQLDMDNLZZ\URNXVND]XMąF\P 8]QDMąFZLQĊRVNDUĪRQHJR6ąGRSDUáVLĊF]ĊĞFLRZRQDMHJRZ\MDĞQLHQLDFKNWyU\ZSUDZG]LHQLHSU]\]QDá VLĊGRSRSHáQLHQLD]DU]XFDQ\FKPXF]\QyZSRWZLHUG]LáMHGQDNĪHVSRU]ąG]LáLVNáDGDáSLVPDZNWyU\FK ]QDMGXMąVLĊRSLVDQHZ]DU]XWDFK]QLHZDJLL]QLHVáDZLHQLD..  QLH]DSU]HF]DáUyZQLHĪĪHZF]DVLH ZVND]DQ\PZ]DU]XWDFK]JáDV]DáVLĊGR  Z.=LWDPVWDUDáVLĊRX]\VNDQLHĞZLDGF]HĔRNWyU\FK PyZLá\SRNU]\ZG]RQHZVZRLFK]H]QDQLDFK 6ąGRSDUáVLĊMHGQDNSU]HGHZV]\VWNLPQDGRNXPHQWDFKNWyU\FKDXWHQW\F]QRĞüRUD]VDPDWUHĞüQLHE\áD NZHVWLRQRZDQDSU]H]RELHVWURQ\SRVWĊSRZDQLD'RNXPHQW\WHWRSLVPDNLHURZDQHSU]H]RVNDUĪRQHJRGR  Z.RGZRáDQLDGR6DPRU]ąGRZHJR.ROHJLXP2GZRáDZF]HJRZ:GHF\]MHUR]SR]QDMąFH RGZRáDQLDDWDNĪHSLVPD  Z.UR]SR]QDMąFHVNDUJLRVNDUĪRQHJRQDG]LDáDOQRĞüWHJR2ĞURGND 'RNXPHQWHPNWyUHJRZLDU\JRGQRĞFLLSUDZG]LZRĞFL6ąGDQLVWURQ\QLHNZHVWLRQXMąE\á\SLVPD VSRU]ąG]RQHSU]H]RVNDUĪRQHJRZGQLXJUXGQLDULOXWHJRU]DZLHUDMąFHRGZRáDQLHRG GHF\]ML  GR6DPRU]ąGRZHJR.ROHJLXPRGZRáDZF]HJRZ:DOHLVIRUPXáRZDQLDMHGQR]QDF]QLH Z\NUDF]DMąFHSR]DUDP\L]DU]XW\GRW\F]ąFHZ\GDQHMGHF\]ML:XVWDOHQLDFKNWyU\FKGRNRQDá6ąG]RVWDá\ SU]\WRF]RQHGRNáDGQHWUHĞFL]QLHVáDZLDMąFHL]QLHZDĪDMąFHRELHSRNU]\ZG]RQH(.  L7. :RFHQLH6ąGXWUHĞüWDNLFK]DU]XWyZSU]HGVWDZLDQ\FKSU]H]RVNDUĪRQHJRZVSRVyERF]\ZLVW\QDUD]LáD ZVND]DQHZ\ĪHMRVRE\QDXWUDWĊ]DXIDQLDSRWU]HEQHJRGRZ\NRQ\ZDQLDSHáQLRQ\FKSU]H]QLHVWDQRZLVN F]\WHĪPRJá\SRQLĪ\üWHRVRE\ZRSLQLLSXEOLF]QHM2F]\ZLVW\PMHVWERZLHPĪHSUDZG]LZRĞü]DU]XWXR XVLáRZDQLX]DEyMVWZDSU]\F]\QLDQLXVLĊGRĞPLHUFLSRGRSLHF]QHJRNáDPVWZDFKODZLURZDQLXPDQLSXODFML DONRKROL]PLHSURZDG]HQLXKXODV]F]HJRWU\E\Ī\FLDF]\WHĪSRZLą]DQLDFK]DSDUDWHPEH]SLHF]HĔVWZD SDĔVWZDNRPXQLVW\F]QHJRMHGQR]QDF]QLHG\VNZDOLILNXMHSUDFRZQLNDVRFMDOQHJR]Z\NRQ\ZDQLDSU]H] QLHJR]DZRGXDOHUyZQLHĪMHGQR]QDF]QLHZSá\ZDQDQHJDW\ZQąRFHQĊRSLQLLSXEOLF]QHM 2]DPLDU]H]QLHVáDZLHQLDLSRQLĪHQLDSRNU]\ZG]RQ\FKSU]H]RVNDUĪRQHJRĞZLDGF]\IDNWLĪRVNDUĪRQ\ VZRMHSLVPDVNLHURZDáQLHW\ONRGRRUJDQXZáDĞFLZHJRGRUR]SR]QDQLDW\FKĪHRGZRáDĔDOHLGRLQQ\FK