ZUD]]HZVND]DQLHPNZRWUHDOL]RZDQHJR]DGDQLDSRGPLRWXUHDOL]XMąFHJRORNDOL]DFMLPLHMVFREMĊW\FKWDNą RSLHNąRUD]ĨUyGáDILQDQVRZDQLD]HV]F]HJyOQ\PXZ]JOĊGQLHQLHPĞURGNyZSXEOLF]Q\FKZW\P SU]HND]DQ\FKSU]H]VDPRU]ąG\LQVW\WXFMHSDĔVWZRZHRUJDQL]DFMHSR]DU]ąGRZHRUD]GDURZL]Q\RGRVyE IL]\F]Q\FK]DUyZQRSROVNLHMDNL]DJUDQLF]QH2GSRZLDGDMąFQDZQLRVHNSRZRáXMąFVLĊQDDUWXVW SNWXGLS*:ĩSRLQIRUPRZDáDĪH QLHMHVWSRGPLRWHPUHSUH]HQWXMąF\PLQQHRVRE\OXEMHGQRVWNLRUJDQL]DF\MQHNWyUHZ\NRQXMą]DGDQLD SXEOLF]QHDOERZLHPQLHZ\NRQXMHZáDG]\SXEOLF]QHMDQL QLHG\VSRQXMHPDMąWNLHPSXEOLF]Q\PZUR]XPLHQLXSU]HSLVyZXVWDZ\DOERZLHPPDMąWHNJPLQ\ Z\]QDQLRZHMĪ\GRZVNLHMMHVWPDMąWNLHPMHMF]áRQNyZDQL QLHMHVWRVREąSUDZQąZNWyUHM6NDUE3DĔVWZDMHGQRVWNLVDPRU]ąGXWHU\WRULDOQHJROXEVDPRU]ąGX JRVSRGDUF]HJRDOER]DZRGRZHJRPDMąSR]\FMĊGRPLQXMąFąZUR]XPLHQLXSU]HSLVyZRRFKURQLH NRQNXUHQFMLLNRQVXPHQWyZ5HDVXPXMąF*:ĩX]QDáDĪHQLHMHVWSRGPLRWHPRERZLą]DQ\PGR XGRVWĊSQLHQLDZQLRVNRGDZF\ĪąGDQ\FKLQIRUPDFML'RZRG]LáDQDGWRĪHĪąGDQLHREHMPXMHXG]LHOHQLH LQIRUPDFMLSU]HWZRU]RQ\FKNWyUHQLH]RVWDáRSRSDUWHLQWHUHVHPSXEOLF]Q\P6WZLHUG]LáDĪHĪąGDQLH XG]LHOHQLDWDNLFKLQIRUPDFMLMHVWSR]EDZLRQHSRGVWDZSUDZQ\FKLQLHPRĪHREFLąĪDü*PLQ\6WURQD VNDUĪąFD]DVNDUĪ\áDEH]F]\QQRĞü*:ĩZ]DNUHVLHUR]SDWU]HQLDMHMZQLRVNXRXGRVWĊSQLHQLHLQIRUPDFML SXEOLF]QHMFRVWDQRZLZJQLHMQDUXV]HQLHDUWXVWL.RQVW\WXFML53LDUWXVWZ]Z]DUW XVWDUWXVWSNWRUD]DUWXVWXGLS:QLRVáDR  VWZLHUG]HQLHĪH*PLQDGRSXĞFLáDVLĊEH]F]\QQRĞFLSRVWĊSRZDQLDLEH]F]\QQRĞüWDPDFKDUDNWHUUDĪąF\  RU]HF]HQLHĪH*PLQD]RERZLą]DQDMHVWGRXG]LHOHQLDLQIRUPDFMLSXEOLF]QHMZ]DNUHVLHZMDNLP JRVSRGDUXMHOXE]DU]ąG]DPDMąWNLHPSRFKRG]ąF\P]HĨUyGHáSXEOLF]Q\FKEąGĨDGPLQLVWUXMHSU]HGPLRWHP XĪ\WHF]QRĞFLSXEOLF]QHMMDNLPMHVWPLQFPHQWDU]  ]RERZLą]DQLH*PLQ\GRUHDOL]DFMLZQLRVNXRXGRVWĊSQLHQLHLQIRUPDFMLSXEOLF]QHM]JRGQLH]WUHĞFLą ZQLRVNX  ]DVąG]HQLHQDMHMU]HF]]ZURWXNRV]WyZSRVWĊSRZDQLDQLH]EĊGQ\FKGRFHORZHJRGRFKRG]HQLDSUDZ  ]DVąG]HQLHJU]\ZQ\RUD]VXP\SLHQLĊĪQHM 6WURQDVNDUĪąFDX]DVDGQLáDZQLRVNLLVZRMHVWDQRZLVNRZVSUDZLH6WZLHUG]LáDĪHZEUHZWZLHUG]HQLRP *PLQ\MDNRRVREDSUDZQDUHDOL]XMąFD]DGDQLHSXEOLF]QHLOXEG\VSRQXMąFDPDMąWNLHPSXEOLF]Q\PMHVWRQD ]RERZLą]DQDGRXG]LHODQLDLQIRUPDFMLSXEOLF]QHM]JRGQLH]SU]HSLVDPLXGLS0RW\ZRZDáDĪHWHUHQ FPHQWDU]DMHVWSU]HGPLRWHPXĪ\WHF]QRĞFLSXEOLF]QHMRV]F]HJyOQ\PFKDUDNWHU]H3RGDáDĪH*:ĩMHVW ZáDĞFLFLHOHPFRQDMPQLHMF]WHUHFKFPHQWDU]\Ī\GRZVNLFKZSLVDQ\FKGRZáDĞFLZ\FKUHMHVWUyZ]DE\WNyZ RUD]LQQ\FKFPHQWDU]\LQLHUXFKRPRĞFLSU]HMĊW\FKQDPRF\GHF\]ML.RPLVML5HJXODF\MQHMGVJPLQ Ī\GRZVNLFKDZLĊFSU]HND]DQ\FKSU]H]RUJDQ\ZáDG]\SXEOLF]QHMLSRFKRG]ąF\FK]PDMąWNXW\FK SRGPLRWyZ3RQDGWRMDNZ\QLND]GRQLHVLHĔSUDVRZ\FKZUJPLQDPLHMVNDZ:SU]\]QDáD