3DĔVWZDGRJPLQZ\]QDQLRZ\FKĪ\GRZVNLFKZ5]HF]\SRVSROLWHM3ROVNLHM ']8]USR] GDOHMXVWDZDRJPLQDFKĪ\GRZVNLFK QLHGDMHZ\VWDUF]DMąF\FKSRGVWDZGRGRNRQDQLDXERMXU\WXDOQHJR] XZDJLQDEH]Z]JOĊGQ\]DND]Z\QLNDMąF\]]DNZHVWLRQRZDQ\FKZQLQLHMV]HMVSUDZLHSU]HSLVyZ %H]VSRUQHMHVWĪHDUWXVWXVWDZ\RJPLQDFKĪ\GRZVNLFKUHDOL]XMHPLQDUW.RQVW\WXFML 3U]\]QDQLHSU]H]SUDZRGDZFĊRNUHĞORQ\FKNRPSHWHQFMLJPLQRPĪ\GRZVNLPVáXĪ\]DJZDUDQWRZDQLX HIHNW\ZQRĞFLNRQVW\WXF\MQHMZROQRĞFLD]DWHPMHVWREMĊWHG\UHNW\ZąLQGXELRSUROLEHUWDWH6NRUR NRQVW\WXF\MQDQRUPDJZDUDQWXMHSUDZRXERMXU\WXDOQHJRGRNRQ\ZDQHJRZFHODFKUHOLJLMQ\FKWRORJLF]Qą NRQVHNZHQFMąSRZLQQRE\üWZLHUG]HQLHLĪXVWDZRZDNRPSHWHQFMDZ]DNUHVLHGEDáRĞFLR]DRSDWU]HQLHZ NRV]HUQąĪ\ZQRĞüLXEyMU\WXDOQ\REHMPXMH]DUyZQRSUDZRGRGRNRQ\ZDQLDXERMXU\WXDOQHJRSU]H]JPLQĊ Ī\GRZVNą EH]SRĞUHGQLROXEQDMHM]OHFHQLH MDNLSUDZRGRQDE\ZDQLDĪ\ZQRĞFLSRFKRG]ąFHM]XERMX U\WXDOQHJR3U]HSLV\NRQVW\WXF\MQHLXVWDZRZHSR]ZDODMą]UHNRQVWUXRZDüDGUHVDWDQRUP\NRPSHWHQF\MQHM WMJPLQĊĪ\GRZVNą WUHĞüQRUP\NRPSHWHQF\MQHM WMGEDáRĞüR]DRSDWU]HQLHZNRV]HUQąĪ\ZQRĞüRUD] GRNRQ\ZDQLHXERMXU\WXDOQHJR RUD]JUDQLFHMHMUHDOL]DFML WMVSUDZRZDQLHREU]ĊGyZLF]\QQRĞFL U\WXDOQ\FK $UWXVWXVWDZ\RJPLQDFKĪ\GRZVNLFKVWDQRZLĨUyGáRNRQNUHWQHJRSUDZDSRGPLRWRZHJR NWyUH]DEH]SLHF]DHIHNW\ZQRĞüNRQVW\WXF\MQHMZROQRĞFLMHGQRVWNL %UDNZXVWDZLHRJPLQDFKĪ\GRZVNLFKV]F]HJyáRZHMUHJXODFMLRGQRĞQLHGRNROHMQ\FKHWDSyZSRĞUHGQLFK UHDOL]DFMLWHMQRUP\NRPSHWHQF\MQHMQLHVWDQRZLGRQLRVáHJRDUJXPHQWXJG\ĪWHJRURG]DMXZ\SDGNL ]DOLF]DQHVąZGRNWU\QLHLRU]HF]QLFWZLHGRF]ĊVW\FKVNąGLQąGZV\VWHPLHOXNWHFKQLF]Q\FK NRQVWUXNF\MQ\FK NWyUHZ\SHáQLüQDOHĪ\]JRGQLH]SU]\MĊW\PLZV\VWHPLHUHJXáDPLXVXZDQLDWHJRURG]DMX OXN :WRNXSRVWĊSRZDQLDZ\UDĪRQRSRJOąGĪH]DFKRG]LVSU]HF]QRĞüPLĊG]\DUWXVWXVWDZ\RJPLQDFK Ī\GRZVNLFKD]DNZHVWLRQRZDQ\PLSU]HSLVDPLXVWDZ\]GQLDVLHUSQLDURRFKURQLH]ZLHU]ąW '] 8]USR] :PRLPSU]HNRQDQLXVSU]HF]QRĞüWDPDFKDUDNWHUSR]RUQ\0RĪQDMąE\áRXVXQąü ZGURG]HZ\NáDGQLQDGZDVSRVRE\3LHUZV]\VSURZDG]DáVLĊGRSURNRQVW\WXF\MQHMZ\NáDGQLDUWXVW XVWDZ\RJPLQDFKĪ\GRZVNLFKDZNRQVHNZHQFMLGRWZLHUG]HQLDRGRSXV]F]DOQRĞFLZRERZLą]XMąF\P VWDQLHSUDZQ\PGRNRQ\ZDQLDXERMXU\WXDOQHJRQDSRWU]HE\F]áRQNyZĪ\GRZVNLFKJPLQZ\]QDQLRZ\FK 'UXJLVSRVyEXVXQLĊFLDVSU]HF]QRĞFLVSURZDG]DáVLĊGRVWZLHUG]HQLDĪH]DND]Z\QLNDMąF\] ]DNZHVWLRQRZDQ\FKSU]HSLVyZPDFKDUDNWHUEH]Z]JOĊGQ\RUD]XQLHPRĪOLZLDUHDOL]DFMĊSU]H]JPLQ\ Ī\GRZVNLHNRPSHWHQFMLZ\QLNDMąFHM]DUWXVWXVWDZ\RJPLQDFKĪ\GRZVNLFK 7U\EXQDá.RQVW\WXF\MQ\Z\EUDáGUXJąLQWHUSUHWDFMĊ6WDQRZLVNRWRMHVWQLHMDVQHVNRURZX]DVDGQLHQLX SRGNUHĞORQRZROQRĞFLRZ\FKDUDNWHUDUW.RQVW\WXFMLRUD]NRQVW\WXF\MQąJZDUDQFMĊSUDZDGRXERMX U\WXDOQHJR6WDQRZLVNR7.EXG]LW\PZLĊNV]HZąWSOLZRĞFLĪHVWRLZRSR]\FMLGRVSRVREXVWRVRZDQLD ]DNZHVWLRQRZDQ\FKZQLQLHMV]HMVSUDZLHSU]HSLVyZNDUQ\FKZVSUDZDFKUHOLJLMQLHPRW\ZRZDQHJR QDUXV]HQLD]DND]XXERMXU\WXDOQHJR-DNZ\QLNDERZLHP]SU]HGáRĪRQ\FK7.GRNXPHQWyZRUJDQ\ ĞFLJDQLDSU]\MPXMąĪHGRNRQDQLHXERMXU\WXDOQHJRQLHZ\F]HUSXMH]QDPLRQF]\QX]DEURQLRQHJR]XZDJL