F

&IRGLQEVOMRK
&IRGLQEVOMRK MW XLI IWXEFPMWLQIRX XLVSYKL HEXE KEXLIVMRK SJ XEVKIXW ERH GSQTEVEXSVW
XLVSYKL [LSWI YWI VIPEXMZI PIZIPW SJ TIVJSVQERGI ERH TEVXMGYPEVP] YRHIVTIVJSVQERGI
GER FI MHIRXMJMIH &] XLI EHSTXMSR SJ MHIRXMJMIH FIWX TVEGXMGIW MX MW LSTIH XLEX
TIVJSVQERGI [MPP MQTVSZI '-1%3JJMGMEP8IVQMRSPSK]

1IXVMG &IRGLQEVOMRK
8LI TVEGXMGI SJ GSQTEVMRK ETTVSTVMEXI QIXVMGW XS MHIRXMJ] TSWWMFPI EVIEW JSV
MQTVSZIQIRX *SV I\EQTPI -8 MRZIWXQIRX EW E TIVGIRXEKI SJ XSXEP EWWIXW QE] FI
GSQTEVIH EGVSWW HMJJIVIRX HITEVXQIRXW [MXLMR XLI WEQI GSQTER] XS MHIRXMJ] EVIEW SJ
XLI GSQTER] [LIVI EHHMXMSREP MRZIWXQIRX MW VIUYMVIH

4VSGIWW &IRGLQEVOMRK
8LI TVEGXMGI SJ GSQTEVMRK TVSGIWWIW [MXL E TEVXRIV EW TEVX SJ ER MQTVSZIQIRX
TVSGIWW *SV I\EQTPI E HMWXVMFYXSV SJ TIVWSREP GSQTYXIVW QE] EREP]WI E GSQTIXMXSV W
WYTTP] GLEMR JYRGXMSR MR XLI LSTI SJ MHIRXMJ]MRK WYGGIWWJYP IPIQIRXW SJ XLI TVSGIWW XLEX MX
GER YWI XS MXW EHZERXEKI

(MEKRSWXMG &IRGLQEVOMRK
8LI TVEGXMGI SJ VIZMI[MRK XLI TVSGIWWIW SJ E FYWMRIWW XS MHIRXMJ] XLSWI [LMGL MRHMGEXI
E TVSFPIQ ERH SJJIV E TSXIRXMEP JSV MQTVSZIQIRX *SV I\EQTPI E GSQTER] QE] GVMXMGEPP]
EWWIWW IEGL IPIQIRX SJ XLI ZEPYI GLEMR ERH GSRGPYHI XLEX XLIVI MW TSXIRXMEP JSV
MQTVSZIQIRX [MXLMR XLI QEVOIXMRK ERH WEPIW JYRGXMSR

5  E M 'YWXSQIV
4IVGIRXEKI SJ WEPIW  
! !
VITVIWIRXIH F] RI[ TVSHYGXW    
!  \  ! 
-RXIVREP
!  YRMXW !  YRMXW TIV LSYV
)\MWXMRK TVSHYGX
 LSYVW
4VSHYGXMZMX]
2I[ TVSHYGX !  YRMXW !  YRMXW TIV LSYV
 LSYVW

6W 
)\MWXMRK TVSHYGX ! ! 6W  TIV YRMX
 YRMXW
9RMX GSWX
2I[ TVSHYGX ! 6W  ! 6W  TIV YRMX
 YRMXW

*MRERGMEP
)\MWXMRK TVSHYGX ! 6W  ! 
+VSWW TVSJMX 6W

2I[ TVSHYGX ! 6W  ! 



-RRSZEXMSR ERH 0IEVRMRK

(IZIPSTQIRX GSWXW EW 6W 
! !  SV 
SJ WEPIW 6W 

MM 9WMRK E VERKI SJ TIVJSVQERGI MRHMGEXSVW [MPP EPPS[ <=> 0XH XS PSSO EX XLI WYGGIWW SJ
XLI RI[ TVSHYGX MR [MHIV XIVQW XLER NYWX MXW TVSJMXEFMPMX]
*SV I\EQTPI TVSHYGXMZMX] MW PS[IV JSV XLI RI[ TVSHYGX XLER XLI I\MWXMRK TVSHYGX WS
QEREKIVW QE] [MWL XS I\EQMRI XLI TVSGIWWIW MRZSPZIH MR SVHIV XS QEOI
MQTVSZIQIRXW
7EPIW SJ XLI RI[ TVSHYGX PSSO ZIV] TVSQMWMRK FYX WSQI EHHMXMSREP QIEWYVI SJ
GYWXSQIV WEXMWJEGXMSR GSYPH TVSZMHI E FIXXIV ZMI[ SJ PSRKXIVQ TVSWTIGXW
5  E M %WQE &YMPHMRK 7YTTPMIW 'SQTER]
4IVJSVQERGI 6ITSVX 6YTIIW
-XIQ 8SXEP 3PH %VIE 2I[ %VIE
7EPIW 6IZIRYI   
'SWX SJ QIVGLERHMWI WSPH   
7EPEVMIW ERH [EKIW   
7YTTPMIW   
8SXEP ZEVMEFPI GSWX   
'SRXVMFYXMSR 1EVKMR F] WXSVI    
0IWW *M\IH GSWX GSRXVSPPEFPI F] QEREKIV
7EPEVMIW ERH [EKIW   
(ITVIGMEXMSR   
8SXEP GSRXVSPPEFPI GSWX    
36    ! 
'SRXVMFYXMSR GSRXVSPPEFPI F] QEREKIV   
0IWW *M\IH GSWX GSRXVSPPEFPI F] SXLIVW   
'SRXVMFYXMSR F] WXSVI   
¡  ¡ ! 
9REPPSGEXIH GSWXW  
3TIVEXMRK MRGSQI 

MM *MRERGMEP TIVJSVQERGI SJ IEGL WXSVI

8LI JMRERGMEP TIVJSVQERGI SJ XLI WXSVIW MW FIWX IZEPYEXIH F] XLI PMRI GSRXVMFYXMSR
F] WXSVI 2I[ EVIEW LEW E WYFWXERXMEPP] LMKLIV GSRXVMFYXMSR HIWTMXI IUYEP PIZIP SJ
WEPIW VIZIRYIW MR X[S WXSVIW 8LI QENSV VIEWSR JSV XLMW EHZERXEKI MW XLI PS[IV VIRX
ERH YXMPMXMIW TEMH F] RI[ EVIEW 

MMM JMRERGMEP TIVJSVQERGI SJ IEGL QEREKIV

8LI JMRERGMEP TIVJSVQERGI F] QEREKIV MW FIWX NYHKIH F] XLI PMRI GSRXVMFYXMSR
GSRXVSPPEFPI F] QEREKIVW &] XLMW QIEWYVI XLI TIVJSVQERGI SJ SPH EVIEW QEREKIV
MW FIXXIV XLER XLI 2I[ EVIEW 8LI GSRXVMFYXMSR QEVKMR MW XLI WEQI JSV IEGL WXSVI
FYX 2I[ EVIEW QEREKIV TEMH 6W QSVI MR JM\IH GSWXW MI WEPEVMIW ERH
HITVIGMEXMSR XLER HMH 3PH EVIEW QEREKIV 3J GSYVWI XLMW HIGMWMSR GSYPH FI
FIRIJMGMEP MR PSRKVYR 
F &EPERGIH WGSVIGEVH

8LI FEPERGIH WGSVIGEVH MW E FEPERGIH WIX SJ QIEWYVIW XLEX SVKERM^EXMSRW YWI XS

QSXMZEXI IQTPS]IIW ERH IZEPYEXI TIVJSVQERGI 8LIWI QIEWYVIW EVI X]TMGEPP]
WITEVEXIH MRXS JSYV TIVWTIGXMZIW SYXPMRIH MR XLI JSPPS[MRK
 *MRERGMEP
1IEWYVIW XLEX WLEVILSPHIVW GVIHMXSVW ERH SXLIV WXEOILSPHIVW YWI XS IZEPYEXI
JMRERGMEP TIVJSVQERGI
 -RXIVREP FYWMRIWW TVSGIWW
1IEWYVIW XLEX QEREKIQIRX YWIW XS IZEPYEXI IJJMGMIRG] SJ I\MWXMRK FYWMRIWW
TVSGIWWIW
 0IEVRMRK ERH KVS[XL
1IEWYVIW XLEX QEREKIQIRX YWIW XS IZEPYEXI IJJIGXMZIRIWW SJ IQTPS]II XVEMRMRK
 'YWXSQIV
1IEWYVIW XLEX QEREKIQIRX YWIW XS IZEPYEXI [LIXLIV XLI SVKERM^EXMSR MW QIIXMRK
GYWXSQIV I\TIGXEXMSRW

8LI KSEP MW XS PMRO XLIWI JSYV TIVWTIGXMZIW XS XLI GSQTER] W WXVEXIKMIW ERH KSEPW *SV
I\EQTPI E LMKL TIVGIRXEKI SJ SRXMQI EVVMZEPW MW PMOIP] ER MQTSVXERX KSEP JVSQ XLI
TIVWTIGXMZI SJ XLI GYWXSQIV SJ ER EMVPMRI % LMKL TIVGIRXEKI SJ HIJIGXJVII GSQTYXIV
GLMTW MW PMOIP] ER MQTSVXERX KSEP JVSQ XLI MRXIVREP FYWMRIWW TVSGIWW TIVWTIGXMZI SJ E
GSQTYXIV GLMT QEOIV % LMKL RYQFIV SJ GSRXMRYMRK IHYGEXMSR LSYVW MW PMOIP] ER
MQTSVXERX KSEP JVSQ XLI PIEVRMRK ERH KVS[XL TIVWTIGXMZI JSV XE\ TIVWSRRIP EX ER
EGGSYRXMRK JMVQ

'SQTERMIW XLEX YWI XLI FEPERGIH WGSVIGEVH X]TMGEPP] IWXEFPMWL WIZIVEP QIEWYVIW JSV
IEGL TIVWTIGXMZI &EPERGIH 7GSVIGEVH 1IEWYVIW PMWXW WIZIVEP I\EQTPIW SJ XLIWI
QIEWYVIW

&EPERGIH 7GSVIGEVH 1IEWYVIW

-RXIVREP &YWMRIWW
*MRERGMEP 0IEVRMRK ERH +VS[XL 'YWXSQIV
4VSGIWW
+VSWW QEVKMR ,SYVW SJ IQTPS]II 'YWXSQIV WEXMWJEGXMSR
(IJIGXJVII VEXI
VEXMS XVEMRMRK WYVZI]
6IXYVR SR 'YWXSQIV )QTPS]II 2YQFIV SJ GYWXSQIV
EWWIXW VIWTSRWI XMQI WEXMWJEGXMSR WYVZI] GSQTPEMRXW
6IGIMZEFPIW 'ETEGMX]
)QTPS]II XYVRSZIV 1EVOIX WLEVI
XYVRSZIV YXMPM^EXMSR
-RZIRXSV] 2I[ TVSHYGX 2YQFIV SJ IQTPS]II 2YQFIV SJ VIXYVRIH
XYVRSZIV HIZIPSTQIRX XMQI EGGMHIRXW TVSHYGXW

1IEWYVIW IWXEFPMWLIH EGVSWW XLI JSYV TIVWTIGXMZIW SJ XLI FEPERGIH WGSVIGEVH EVI PMROIH
MR E [E] XLEX QSXMZEXIW IQTPS]IIW XS EGLMIZI GSQTER] KSEPW *SV I\EQTPI MJ XLI
GSQTER] [ERXW XS MRGVIEWI XLI HIJIGXJVII VEXI ERH VIHYGI TVSHYGX VIXYVRW IJJIGXMZI
IQTPS]II XVEMRMRK ERH PS[ IQTPS]II XYVRSZIV [MPP LIPT MR EGLMIZMRK XLMW KSEP 8LI MHIE MW
XS IWXEFPMWL GSQTER] KSEPW JMVWX XLIR GVIEXI QIEWYVIW XLEX QSXMZEXI IQTPS]IIW XS
VIEGL GSQTER] KSEPW
         
     
  
 
   
    
   
      

           
     
  
   
   
     
   
   
   
      
      

          
     
  
   
     
   
      
      

            
     
  
     
   
       
     
   
     
    
      
      

             
 
     
   
    
     
    
      
       