MDNR=DU]ąG1LHUXFKRPRĞFL.RPXQDOQ\FK::6$Z\URNLHPW\PZĪDGQ\PUD]LHQLHZ\UD]Lá VWDQRZLVNDĪHQD6NDUĪąFHMMDNRQDMHPF\ORNDOXXĪ\WNRZHJRQLHFLąĪ\RERZLą]HNSáDFHQLDSRGDWNXRG QLHUXFKRPRĞFL 2GQRV]ąFVLĊQDWRPLDVWGRĪąGDQLD6NDUĪąFHM]DVąG]HQLDQDMHMU]HF]RGV]NRGRZDQLDQDSRGVWDZLH SU]HSLVyZSUDZDF\ZLOQHJR6ąGZ\MDĞQLDĪH]JRGQLH]DUW†XVWDZ\3UDZRRSRVWĊSRZDQLXSU]HG VąGDPLDGPLQLVWUDF\MQ\PLGRZáDĞFLZRĞFLVąGyZDGPLQLVWUDF\MQ\FKQDOHĪ\RU]HNDQLHZVSUDZDFKVNDUJ QD  GHF\]MHDGPLQLVWUDF\MQH  SRVWDQRZLHQLDZ\GDQHZSRVWĊSRZDQLXDGPLQLVWUDF\MQ\PQDNWyUHVáXĪ\]DĪDOHQLHDOERNRĔF]ąFH SRVWĊSRZDQLHDWDNĪHQDSRVWDQRZLHQLDUR]VWU]\JDMąFHVSUDZĊFRGRLVWRW\  SRVWDQRZLHQLDZ\GDQHZSRVWĊSRZDQLXHJ]HNXF\MQ\PL]DEH]SLHF]DMąF\PQDNWyUHVáXĪ\]DĪDOHQLH  LQQHQLĪRNUHĞORQHZSNWDNW\OXEF]\QQRĞFL]]DNUHVXDGPLQLVWUDFMLSXEOLF]QHMGRW\F]ąFH XSUDZQLHĔOXERERZLą]NyZZ\QLNDMąF\FK]SU]HSLVyZSUDZD D SLVHPQHLQWHUSUHWDFMHSU]HSLVyZSUDZDSRGDWNRZHJRZ\GDZDQHZLQG\ZLGXDOQ\FKVSUDZDFK  DNW\SUDZDPLHMVFRZHJRRUJDQyZMHGQRVWHNVDPRU]ąGXWHU\WRULDOQHJRLWHUHQRZ\FKRUJDQyZ DGPLQLVWUDFMLU]ąGRZHM  DNW\RUJDQyZMHGQRVWHNVDPRU]ąGXWHU\WRULDOQHJRLLFK]ZLą]NyZLQQHQLĪRNUHĞORQHZSNW SRGHMPRZDQHZVSUDZDFK]]DNUHVXDGPLQLVWUDFMLSXEOLF]QHM  DNW\QDG]RUXQDGG]LDáDOQRĞFLąRUJDQyZMHGQRVWHNVDPRU]ąGXWHU\WRULDOQHJR  EH]F]\QQRĞüRUJDQyZZSU]\SDGNDFKRNUHĞORQ\FKZSNW -DNZ\QLND]F\WRZDQHJRZ\ĪHMSU]HSLVXGRNRJQLFMLVąGyZDGPLQLVWUDF\MQ\FKQLHQDOHĪ\RU]HNDQLHZ VSUDZDFKRGV]NRGRZDZF]\FKQDZHWZyZF]DVJG\ZRFHQLH6NDUĪąFHMSRZVWDQLHV]NRG\ZLąĪHVLĊ] G]LDáDOQRĞFLąRUJDQXDGPLQLVWUDFMLSXEOLF]QHM6SUDZ\RGV]NRGRZDZF]HVąVSUDZDPL]]DNUHVXSUDZD F\ZLOQHJRLGRLFKUR]SR]QDZDQLDZáDĞFLZHVąVąG\SRZV]HFKQHVWRVRZQLHGRDUW†NSF 6ąGQLHPLDáWDNĪHSUDZQ\FKSRGVWDZGRSU]HND]DQLDZQLRVNX6NDUĪąFHMZ]DNUHVLH]DVąG]HQLD RGV]NRGRZDQLDZáDĞFLZHPXVąGRZLSRZV]HFKQHPX=JRGQLH]SU]HSLVHPDUW†SSVD6ąG DGPLQLVWUDF\MQ\NWyU\VWZLHUG]LVZąQLHZáDĞFLZRĞü]RERZLą]DQ\MHVWGRSU]HND]DQLDVSUDZ\MHG\QLHZ SU]\SDGNXJG\GRUR]SR]QDQLDVSUDZ\ZáDĞFLZ\MHVWLQQ\VąGDGPLQLVWUDF\MQ\1DWRPLDVWZV\WXDFMLJG\ VSUDZDQLHQDOHĪ\GRZáDĞFLZRĞFLVąGXDGPLQLVWUDF\MQHJR6ąG]REOLJRZDQ\MHVWVNDUJĊRGU]XFLüQD SRGVWDZLHDUW†SNWSSVD 0DMąFSRZ\ĪV]HQDZ]JOĊG]LH6ąGVNDUJĊZF]ĊĞFLSRGOHJDMąFąNRJQLFMLVąGXDGPLQLVWUDF\MQHJRMDNR QLH]DVDGQąQDPRF\DUWSSVDRGGDOLá]DĞZF]ĊĞFLRGV]NRGRZDZF]HMNWyUDQLHQDOHĪ\GR ZáDĞFLZRĞFLVąGyZDGPLQLVWUDF\MQ\FKRGU]XFLáQDSRGVWDZLHDUW†SNWSSVD