5HMRQRZHJRZĝZLGQLF\L6ąGX2NUĊJRZHJRZĝZLGQLF\:Z\URNX]NZLHWQLDUV\JQDNW,,. 6ąG5HMRQRZ\ZĝZLGQLF\VWZLHUG]Lá :RFHQLH6ąGX]HVSHQDOL]RZDQHJRZSU]HSLVLHDUW>NN@]DFKRZDQLDVSUDZF\PXVLZ\QLNDüĪH FHOHPVSUDZF\MHVWRGG]LDá\ZDQLHQDSV\FKLNĊRVyEWU]HFLFKDQLHZ\UDĪDQLHFKRüE\QDMEDUG]LHM EXOZHUVXMąFHJRSRJOąGXQDMDNLĞWHPDW$QDOL]XMąFZ\SRZLHG]LRVNDUĪRQHJRQDIRUDFKG\VNXV\MQ\FKQLH VSRVyEGRSDWU]\üVLĊZXĪ\ZDQ\FKSU]H]QLHJRVIRUPXáRZDQLDFKF]DVRZQLNRZ\FKLQWHQFMLQDZRá\ZDQLD QDNáDQLDQLDGRQLHQDZLĞFLQDWOHUyĪQLFZ\]QDQLRZ\FK:\SRZLHG]LW\SX©DE\ZDOF]\ü]ĩ\GDPLWU]HED LFKSRGSDWU\ZDüLZDOF]\üLFKZáDVQąEURQLąª©3ROVFHSRWU]HEQ\MHVW/HSSHUĪHE\]URELüSRU]ąGHN] ĩ\GDPLSRGREQLHMDNZ5RVMLXF]\QLáWR3XWLQª©PyZLP\ĩ\GRPSUHF]ªQLHPRĪQDZRFHQLH6ąGX XWRĪVDPLDü]QDZRá\ZDQLHPF]\WHĪQDNáDQLDQLHPGRQLHQDZLĞFLQDWOHUyĪQLFZ\]QDQLRZ\FK 1DZRá\ZDQLHGRQLHQDZLĞFL]SRZRGyZZ\PLHQLRQ\FKZDUW>NN@VSURZDG]DVLĊERZLHPGRWHJR W\SXZ\SRZLHG]LNWyUHZ]EXG]DMąXF]XFLDVLOQHMQLHFKĊFL]áRĞFLEUDNXDNFHSWDFMLZUĊF]ZURJRĞFLGR SRV]F]HJyOQ\FKFDá\FKJUXSZ\]QDQLRZ\FKEąGĨWHĪ]XZDJLQDIRUPĊZ\SRZLHG]LSRGWU]\PXMąQDVLODMą WDNLHQHJDW\ZQHQDVWDZLHQLDLSRGNUHĞODMąW\PVDP\PXSU]\ZLOHMRZDQLHZ\ĪV]RĞüRNUHĞORQHJRQDURGX JUXS\HWQLF]QHMUDV\OXEZ\]QDQLD SRVWDQRZLHQLH6ąGX1DMZ\ĪV]HJR,]ED.DUQD]GQLDOXWHJRU ,9.. :V]\VWNLHSRZ\ĪV]HZ\SRZLHG]LPRJąE\üZSUDZG]LHZRGF]XFLXVSRáHF]Q\PZ\VRFH QLHDNFHSWRZDOQHMHGQDNĪHIRUPXáRZDQHRQHE\á\ZRNUHĞORQ\FKNRQWHNVWDFKZUDPDFKNWyU\FK SURZDG]RQHE\á\G\VNXVMHQDIRUDFKLQWHUQHWRZ\FKRNWyU\FKWRG\VNXVMDFKSU]HFLHĪZLDGRPRĪHLFK XF]HVWQLF]\UHSUH]HQWXMąUyĪQ\SR]LRPQDSRU]ąGNXG]LHQQ\P]GDU]DMąVLĊIRUXPRZLF]HZ\SRZLDGDMąF\ VLĊZVSRVyEREUDĨOLZ\ZREHFLQQ\FKXF]HVWQLNyZG\VNXVMLXĪ\ZDMąF\QLHFHQ]XUDOQHJRVáRZQLFWZD ZXOJDU\]PyZZSURVWZ\]\ZDMąF\LQQ\FKXF]HVWQLNyZG\VNXVML2VNDUĪRQ\ZRFHQLH6ąGXPDQLIHVWRZDá MHG\QLHSRGF]DVSU]HGPLRWRZ\FKG\VNXVMLVZyMRVRELVW\SRJOąGFRPyJáF]\QLüZUDPDFKZROQRĞFLVáRZD Z\SRZLHG]LMHJRNWyU\FKWRSRJOąGyZ6ąGRU]HNDMąF\ZQLQLHMV]HMQLHDNFHSWXMHQLHVWDQRZLá\]GDQLHP 6ąGXQDZRá\ZDQLDGRQLHQDZLĞFLQDWOHZ\]QDQLRZ\P3U]HVWĊSVWZR]DUW>NN@PDSU]HFLHĪFKDUDNWHU XP\ĞOQ\LPRĪH]RVWDüSRSHáQLRQHW\ONRZ]DPLDU]HEH]SRĞUHGQLPRV]F]HJyOQ\P]DEDUZLHQLXDZLĊFZ NRQNUHWQHMLQWHQFMLQLHVSRVyEZRFHQLH6ąGXGRV]XNDüVLĊWDNRZHMLQWHQFMLRVNDUĪRQHJRZIRUPXáRZDQ\FK SU]H]QLHJRZ\SRZLHG]LDFKXPLHV]F]DQ\FKZSRVWDFKQDIRUDFKLQWHUQHWRZ\FK :\URNWHQ]DVNDUĪ\áSURNXUDWRU8WU]\PXMąFJRZPRF\6ąG2NUĊJRZ\ZĝZLGQLF\ZZ\URNX] ZU]HĞQLDUV\JQDNW,9.DX]QDá 3U]\VWĊSXMąFGRRFHQ\WHMDSHODFMLXZDJĊ]ZUyFLüQDOHĪ\SU]HGHZV]\VWNLPQDXFK\ELHQLDDNWXRVNDUĪHQLD Z]DNUHVLHRSLVXF]\QXEĊGąFHJRSU]HGPLRWHP]DU]XWX]SNW,NWyUHXQLHPRĪOLZLá\VąGRZL RGZRáDZF]HPXZ\GDQLHLQQHJRUR]VWU]\JQLĊFLDQLĪXWU]\PDQLH]DVNDUĪRQHJRZ\URNXZPRF\ 8FK\ELHQLDWHSROHJDá\QDZVND]DQLXĪHVSRVREHP]QLHZDĪDQLDL]DUD]HPQDZRá\ZDQLDSU]H]RVNDUĪRQHJR GRQLHQDZLĞFLE\áR©]DPLHV]F]DQLHDQW\VHPLFNLFKZ\SRZLHG]LªEH]MHGQRF]HVQHJRSU]\WRF]HQLDWUHĞFL W\FKZ\SRZLHG]L LQH[WHQVROXEZSRVWDFLRSLVRZHM RUD]QDXĪ\FLXVIRUPXáRZDĔ]NWyU\FKZ\QLNDáRĪH