LUyĪQ\PLSRFKRGQ\PLW\FK]QLHZDJVSUDZFDRND]\ZDáRF]\ZLVWąZREHFQLFKSRJDUGĊD Z\UDĪDQHSU]H]QLHJRJURĨE\VWDQRZLá\SU]HPRFZHUEDOQąREOLF]RQąQDHVNDODFMĊQDSLĊü QDWOHQDURGRZRĞFLRZ\PDĪGRSU]HPRF\IL]\F]QHM]DSRZLHGĨNWyUHMJURĨE\WHZSURVW ]DZLHUDá\ :ROQRĞüVáRZDNRĔF]\VLĊWDPJG]LHWRVáRZR]DF]\QDQDUXV]DüSUDZDFKURQLRQHLQQHJR SRGPLRWXJG\Z\U]ąG]DGUXJLHPXV]NRGĊ3UDZRGRNU\W\NLGH]DSUREDW\QLHPRĪHE\ü XWRĪVDPLDQH]SUDZHPGRSRQLĪDQLDGHSWDQLDJRGQRĞFLLQQ\FKOXG]LD]ZROLSROVNLHJR XVWDZRGDZF\V]F]HJyOQąRFKURQąREMĊWH]RVWDá\WHJRURG]DMXG]LDáDQLDPRW\ZRZDQH Z]JOĊGDPLQDURGRZRĞFLRZ\PLHWQLF]Q\PLUDVRZ\PLSROLW\F]Q\PLZ\]QDQLRZ\PL -HVWWRX]DVDGQLRQH]ZáDV]F]DZNUDMXNWyU\MDN3ROVNDGRWNQLĊW\]RVWDáIDV]\]PHP Z\URVá\PZV]DNQLHVNąGLQąGMDN]HVáRZDSHáQHJRSRJDUG\SRWĊSLHQLDGHKXPDQL]DFML JUXSPQLHMV]RĞFLRZ\FK,WRZáDĞQLH]WHJRSRZRGXZ3ROVFHV]F]HJyOQLHSU]HMDZ\WDNLHM G]LDáDOQRĞFLZLQQ\EXG]LüZ\UDĨQ\VSU]HFLZLDGHNZDWQąUHDNFMĊUyZQLHĪNDUQą :QLRVHN  ]DVDGQ\ZF]ĊĞFL GRW\F]ąFHMF]\QX]DUW †NNSU]\SLVDQHJRZ 2]PLDQĊ]DVNDUĪRQHJRZ\URNXZFDáRĞFLLXQLHZLQQLHQLH RVNDUĪRQHJRRGZV]\VWNLFK]DU]XFDQ\FKMHPXF]\QyZ SXQNFLHZ\URNX  F]ĊĞFLRZR]DVDGQ\  QLH]DVDGQ\ZSR]RVWDá\P ]DNUHVLH =ZLĊĨOHRSRZRGDFKX]QDQLDZQLRVNX]D]DVDGQ\F]ĊĞFLRZR]DVDGQ\DOERQLH]DVDGQ\ :QLRVHNMHVW]DVDGQ\ZF]ĊĞFLGRW\F]ąFHMF]\QX]DUW†NNSU]\SLVDQHJRZ SXQNFLHZ\URNX ]DU]XW]SXQNWX ]SU]\F]\QZVND]DQ\FKZF]ĊĞFL$GL$G :SR]RVWDá\P]DĞ]DNUHVLHZQLRVHNMHVWQLH]DVDGQ\ZREHFRF]\ZLVWHMEH]]DVDGQRĞFL ]DU]XWyZDSHODFMLRGQRV]ąF\FKVLĊGRSR]RVWDá\FK]DU]XFDQ\FKRVNDUĪRQHPXF]\QyZ 2.2/,&=12ĝ&,32'/(*$-Ą&(8:=*/ĉ'1,(1,8=85=ĉ'8  =ZLĊĨOHRSRZRGDFKXZ]JOĊGQLHQLDRNROLF]QRĞFL 52=675=<*1,ĉ&,(6Ą'82':2à$:&=(*2 8WU]\PDQLHZPRF\Z\URNXVąGXSLHUZV]HMLQVWDQFML