SU]\SDGNLZNWyU\FKGRSXV]F]DOQ\MHVWXEyM]ZLHU]ąWJRVSRGDUVNLFKSR]DU]HĨQLą XERMQLą :P\ĞODUW XVWDXSS]'RSXV]F]DVLĊXEyMQDWHUHQLHJRVSRGDUVWZDFLHOąWGRV]yVWHJRPLHVLąFDĪ\FLDĞZLĔ RZLHFNy]GURELXRUD]]ZLHU]ąWG]LNLFKXWU]\P\ZDQ\FKZZDUXQNDFKIHUPRZ\FKZFHOXSURGXNFMLPLĊVD QDXĪ\WHNZáDVQ\1DOHĪ\]DWHPSU]\MąüĪHSRMĊFLHXERMXQDWHUHQLHJRVSRGDUVWZDZFHOXSURGXNFML PLĊVDQDXĪ\WHNZáDVQ\NWyUHJRGRSXV]F]DOQRĞüUHJXOXMHDUWXVWDXSS]RGSRZLDGDSRMĊFLX XERMXGRPRZHJRNWyUHJRPHWRGGRW\F]\DUWXVWXR]7\PVDP\PXEyMGRPRZ\GRSXV]F]DOQ\ MHVWW\ONRZĞFLĞOHRNUHĞORQ\FKRNROLF]QRĞFLDFKRUD]PRĪHPLHüPLHMVFHZ\áąF]QLHZFHOXSURGXNFMLPLĊVD QDXĪ\WHNZáDVQ\ F]\OLQDZáDVQHSRWU]HE\]REDUWSNWDXSS]LQQ\PLVáRZ\GRFHOyZZáDVQHM NRQVXPSFMLGRPRZHM]REDUWUR]SRU]ąG]HQLD5DG\QU  $UWXVWXR]RNUHĞODMąFZ\PRJLGRW\F]ąFHXERMX]ZLHU]ąWZXERMXGRPRZ\PQRUPXMHPDWHULĊ NWyUąRGVW\F]QLDUUyZQLHĪUHJXOXMHDUWUR]SRU]ąG]HQLD5DG\QU7HQRVWDWQLSU]HSLV SU]HZLGXMHĪHGRXERMX]ZLHU]ąWLQQ\FKQLĪGUyENUyOLNLL]DMąFHLGRF]\QQRĞFL]ZLą]DQ\FK] XĞPLHUFDQLHPZ\NRQ\ZDQ\FKSR]DU]HĨQLąSU]H]ZáDĞFLFLHODW\FK]ZLHU]ąWOXERVREĊG]LDáDMąFąQD RGSRZLHG]LDOQRĞüLSRGQDG]RUHPZáDĞFLFLHODGRFHOyZZáDVQHMNRQVXPSFMLGRPRZHMPDMą]DVWRVRZDQLH Z\áąF]QLHZ\PRJLDUWXVWDUWXVWLDUWXVWUR]SRU]ąG]HQLD5DG\QU 7U\EXQDáRGQRWRZDáĪHDUWXVWXR]XVWDQDZLDVWDQGDUGFRGRLVWRW\]ELHĪQ\]SU]HZLG]LDQ\PZ XQLMQ\PUR]SRU]ąG]HQLXDUWZ]ZLą]NX]DUWXVW Z\PyJRJáXV]HQLDSU]HGXERMHP LDUWXVW Z\PyJGRNRQDQLDXERMXSU]H]Z\NZDOLILNRZDQąRVREĊ =DUyZQRDUWXVWXR]MDNLDUW UR]SRU]ąG]HQLDQLHZ\PDJDMąZXERMXGRPRZ\PRJáXV]DQLDGURELXNUyOLNyZL]DMĊF\F]\OL]ZLHU]ąW QLHNRS\WQ\FK=DUD]HPSU]HSLV\WHQDND]XMąRJáXV]DQLHSU]H]Z\NZDOLILNRZDQąRVREĊ]ZLHU]ąWNRS\WQ\FK QSNURZ\RZFHNR]\ LW\PVDP\PQLH]H]ZDODMąQDXEyMGRPRZ\W\FK]ZLHU]ąWZHGáXJV]F]HJyOQ\FK PHWRGZ\PDJDQ\FKSU]H]REU]ĊG\UHOLJLMQH-HGQDNĪHUHGDNFMDDUWXVWXR]Z\UDĨQLHUyĪQLVLĊRG EU]PLHQLDDUWUR]SRU]ąG]HQLD5DG\QU5yĪQLFHMĊ]\NRZHSRJáĊELDRGPLHQQ\NRQWHNVW QRUPDW\ZQ\ZMDNLPRVDG]RQH]RVWDá\WHSU]HSLV\ RJyOQHSRVWDQRZLHQLDXVWDZ\RRFKURQLH]ZLHU]ąWD V]F]HJyáRZHXUHJXORZDQLDUR]SRU]ąG]HQLD5DG\QUNWyUHGRSXV]F]DMąXEyMU\WXDOQ\ZU]HĨQL  :NRQVHNZHQFML7U\EXQDáVWZLHUG]LáĪHDUWXVWXR]QLH]RVWDáGRVWRVRZDQ\GRUR]SRU]ąG]HQLD 5DG\QUFRPRĪHVSUDZLDüWUXGQRĞFLDGUHVDWRPQRUPSUDZQ\FK :SXQNFLHGUXJLPSHWLWXPZQLRVNRGDZFDSRQRZQLHMDNRSU]HGPLRWNRQWUROLZVND]DáDUWXVWL XR]W\PUD]HPZ]ZLą]NX]DUWXVWXR]7HQRVWDWQLSU]HSLVVWDQRZL =DEUDQLDVLĊ]DELMDQLD]ZLHU]ąW]Z\MąWNLHP  XERMXLXĞPLHUFDQLD]ZLHU]ąWJRVSRGDUVNLFKRUD]XĞPLHUFDQLDG]LNLFKSWDNyZLVVDNyZXWU]\P\ZDQ\FK SU]H]F]áRZLHNDZFHOXSR]\VNDQLDPLĊVDLVNyU  SRáRZXU\E]JRGQLH]SU]HSLVDPLRU\ERáyZVWZLHLU\EDFWZLHĞUyGOąGRZ\P  NRQLHF]QRĞFLEH]]ZáRF]QHJRXĞPLHUFHQLD  G]LDáDĔQLH]EĊGQ\FKGRXVXQLĊFLDSRZDĪQHJR]DJURĪHQLDVDQLWDUQHJROXG]LOXE]ZLHU]ąW