Candy FSCTX615 WIFI User Manual
Displayed below is the user manual for FSCTX615 WIFI by Candy which is a product in the Ovens category. This manual has pages.
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ɉɊȿȾɍɉɊȿɀȾȿɇɂȿȻɢɬɨɜɢɹɬɟɥɟɤɬɪɨɭɪɟɞɢɧɟɝɨɜɢɬɟɨɬɤɪɢɬɢɱɚɫɬɢɩɨɜɪɟɦɟɧɚɪɚɛɨɬɚɦɨɝɚɬ
ɞɚɫɟɧɚɝɪɟɹɬɞɨɜɢɫɨɤɚɬɟɦɩɟɪɚɬɭɪɚȻɴɞɟɬɟɜɧɢɦɚɬɟɥɧɢɢɧɟɫɟɞɨɤɨɫɜɚɣɬɟɞɨɬɹɯ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿ ɞɨɫɬɴɩɧɢɬɟ ɱɚɫɬɢ ɦɨɝɚɬ ɞɚ ɫɬɚɧɚɬ ɝɨɪɟɳɢ ɤɨɝɚɬɨ ɮɭɪɧɚɬɚ ɫɟ ɢɡɩɨɥɡɜɚ
Ⱦɟɰɚɬɚɬɪɹɛɜɚɞɚɛɴɞɚɬɞɴɪɠɚɧɢɧɚɛɟɡɨɩɚɫɧɨɪɚɡɫɬɨɹɧɢɟ
ɌɨɡɢɛɢɬɨɜɟɥɟɤɪɨɭɪɟɞɦɨɠɟɞɚɫɟɢɡɩɨɥɡɜɚɨɬɞɟɰɚɩɨɝɨɥɟɦɢɨɬɝɨɞɢɧɢɚɫɴɳɨɢRɬɯɨɪɚɫ
ɧɚɪɭɲɟɧɢɭɦɫɬɜɟɧɢɢɥɢɮɢɡɢɱɟɫɤɢɜɴɡɦɨɠɧɨɫɬɢɢɥɢɛɟɡɧɟɨɛɯɨɞɢɦɢɹɬɨɩɢɬɫɚɦɨɤɨɝɚɬɨɫɚɩɨɞ
ɧɚɛɥɸɞɟɧɢɟɢɫɚɢɧɫɬɪɭɤɬɢɪɚɧɢɨɬɧɨɫɧɨɛɟɡɨɩɚɫɧɨɬɨɢɡɩɨɥɡɜɚɧɟɧɚɭɪɟɞɚɢɡɧɚɹɬɡɚ
ɫɴɳɟɫɬɜɭɜɚɳɢɬɟɨɩɚɫɧɨɫɬɢ
ɇɟɪɚɡɪɟɲɚɜɚɣɬɟɧɚɞɟɰɚɞɚɢɝɪɚɹɬɫɮɭɪɧɚɬɚ
ɉɨɱɢɫɬɜɚɧɟɬɨɢɨɛɫɥɭɠɜɚɧɟɧɚɛɢɬɨɜɢɹɬɭɪɟɞɧɟɬɪɹɛɜɚɞɚɫɟɢɡɜɴɪɲɜɚɨɬɞɟɰɚɛɟɡɧɚɞɡɨɪ
ɜɴɡɪɚɫɬɧɢ
ȻɢɬɨɜɢɹɬɭɪɟɞɩɨɜɪɟɦɟɧɚɫɜɨɹɬɚɪɚɛɨɬɚɫɟɧɚɝɪɹɜɚɞɨɜɢɫɨɤɚɬɟɦɩɟɪɚɬɭɪɚȻɴɞɟɬɟɜɧɢɦɚɬɟɥɧɢɢ
ɧɟɞɨɤɨɫɜɚɣɬɟɧɚɝɪɟɜɚɬɟɥɧɢɬɟɟɥɟɦɟɧɬɢɪɚɡɩɨɥɨɠɟɧɢɜɴɜɜɴɬɪɟɲɧɨɫɬɬɚɧɚɮɭɪɧɚɬɚ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿȻɢɬɨɜɢɹɬɟɥɟɤɬɪɨɭɪɟɞɢɧɟɝɨɜɢɬɟɨɬɤɪɢɬɢɱɚɫɬɢɩɨɜɪɟɦɟɧɚɪɚɛɨɬɚɦɨɝɚɬ
ɞɚɫɟɧɚɝɪɟɹɬɚɞɨɜɢɫɨɤɚɬɟɦɩɟɪɚɬɭɪɚɇɟɪɚɡɪɟɲɚɜɚɣɬɟɞɨɧɟɝɨɞɚɫɟɞɨɤɨɫɜɚɬɦɚɥɤɢɞɟɰɚ
ɇɟ ɢɡɩɨɥɡɜɚɣɬɟɡ ɚ ɩɨɱɢɫɬɜɚɧɟ ɧɚ ɫɬɴɤɥɟɧɚɬɚ ɩɨɜɴɪɯɧɨɫɬ ɧɚ ɜɪɚɬɚɬɚ ɚɛɪɚɡɢɜɧɢ ɩɨɱɢɫɬɜɚɳɢ
ɩɪɟɩɚɪɚɬɢɢɝɴɛɢɫɦɟɬɚɥɧɢɱɚɫɬɢɰɢɢɥɢɫɬɴɪɝɚɥɤɢɌɟɦɨɝɚɬɞɚɧɚɞɪɚɫɤɚɬɩɨɜɴɪɯɧɨɫɬɬɚɤɨɟɬɨɞɚ
ɞɨɜɟɞɟɞɨɧɚɩɭɤɜɚɧɟɢɥɢɞɨɪɢɫɱɭɩɜɚɧɟɧɚɫɬɴɤɥɨɬɨ
ɉɪɟɞɢɞɚɩɨɱɢɫɬɢɬɟɮɭɪɧɚɬɚɬɪɹɛɜɚɞɚɦɚɯɧɟɬɟɪɟɲɟɬɤɚɬɚɩɪɢɡɚɞɴɥɠɢɬɟɥɧɨɢɡɤɥɸɱɟɧɭɪɟɞ
ɋɥɟɞɩɨɱɢɫɬɜɚɧɟɬɨɩɨɫɬɚɜɟɬɟɨɬɧɨɜɨɪɟɲɟɬɤɚɬɚɩɨɧɚɱɢɧɚɨɩɢɫɚɧɜɢɧɫɬɪɭɤɰɢɢɬɟ
ɂɡɩɨɥɡɜɚɣɬɟɫɚɦɨɬɚɤɴɜɬɟɦɩɟɪɚɬɭɪɟɧɞɚɬɱɢɤɤɚɤɴɜɬɨɟɩɪɟɩɨɪɴɱɚɧɨɬɩɪɨɢɡɜɨɞɢɬɟɥɹ
ɇɟɢɡɩɨɥɡɜɚɣɬɟɩɚɪɨɱɢɫɬɚɱɤɚɩɪɢɩɨɱɢɫɬɜɚɧɟɧɚɭɪɟɞɚ
ɋɜɴɪɠɟɬɟɳɟɩɫɟɥɤɴɦɡɚɯɪɚɧɜɚɳɢɹɤɚɛɟɥɤɨɣɬɨɟɜɫɴɫɬɨɹɧɢɟɞɚɩɨɧɟɫɟɧɚɩɪɟɠɟɧɢɟɬɨɬɨɤɚɢ
ɧɚɬɨɜɚɪɜɚɧɟɬɨɭɤɚɡɚɧɢɧɚɬɚɛɟɥɤɚɬɚɢɢɦɚɤɨɧɬɚɤɬɡɚɡɚɡɟɦɹɜɚɧɟɓɟɩɫɟɥɴɬɬɪɹɛɜɚɞɚɟɩɨɞɯɨɞɹɳ
ɡɚɬɨɜɚɪɚɩɨɫɨɱɟɧɜɴɪɯɭɟɬɢɤɟɬɚɢɬɪɹɛɜɚɞɚɢɦɚɫɜɴɪɡɚɧɤɴɦɡɚɡɟɦɹɜɚɳɤɨɧɬɚɤɬɤɨɣɬɨɞɚɪɚɛɨɬɢ
Ɂɚɡɟɦɹɜɚɳɢɹɬ ɩɪɨɜɨɞɧɢɤ ɟ ɠɴɥɬɨɡɟɥɟɧ ɧɚ ɰɜɹɬ Ɍɚɡɢ ɨɩɟɪɚɰɢɹ ɬɪɹɛɜɚ ɞɚ ɫɟ ɢɡɜɴɪɲɜɚ ɨɬ
ɤɜɚɥɢɮɢɰɢɪɚɧ ɫɩɟɰɢɚɥɢɫɬ ȼ ɫɥɭɱɚɣ ɧɚ ɧɟɫɴɜɦɟɫɬɢɦɨɫɬ ɦɟɠɞɭ ɤɨɧɬɚɤɬɚ ɢ ɳɟɩɫɟɥɚ ɧɚ ɭɪɟɞɚ
ɩɨɩɢɬɚɣɬɟɤɜɚɥɢɮɢɰɢɪɚɧɟɥɟɤɬɪɨɬɟɯɧɢɤɤɨɣɬɨɞɚɡɚɦɟɧɢɤɨɧɬɚɤɬɚɫɞɪɭɝɩɨɞɯɨɞɹɳɬɢɩɓɟɩɫɟɥɴɬ
ɢ ɤɨɧɬɚɤɬɴɬ ɬɪɹɛɜɚ ɞɚ ɨɬɝɨɜɚɪɹɬ ɧɚ ɞɟɣɫɬɜɚɳɢɬɟ ɧɨɪɦɢ ɧɚ ɞɴɪɠɚɜɚɬɚ ɧɚ ɢɧɫɬɚɥɚɰɢɹɬɚ
ɋɜɴɪɡɜɚɧɟɬɨɤɴɦɢɡɬɨɱɧɢɤɚɧɚɡɚɯɪɚɧɜɚɧɟɦɨɠɟɞɚɫɟɢɡɜɴɪɲɢɢɱɪɟɡɩɨɫɬɚɜɹɧɟɧɚɭɧɢɜɟɪɫɚɥɟɧ
ɩɪɟɤɴɫɜɚɱɦɟɠɞɭɭɪɟɞɚɢɢɡɬɨɱɧɢɤɚɧɚɡɚɯɪɚɧɜɚɧɟɤɨɣɬɨɦɨɠɟɞɚɩɨɧɟɫɟɦɚɤɫɢɦɚɥɧɨɫɜɴɪɡɚɧɨ
ɧɚɬɨɜɚɪɜɚɧɟɢɤɨɣɬɨɟɜɫɴɨɬɜɟɬɫɬɜɢɟɫɞɟɣɫɬɜɚɳɨɬɨɡɚɤɨɧɨɞɚɬɟɥɫɬɜɨɀɴɥɬɨɡɟɥɟɧɢɹɬɡɚɡɟɦɹɜɚɲ
ɤɚɛɟɥɧɟɬɪɹɛɜɚɞɚɫɟɩɪɟɤɴɫɜɚɨɬɩɪɟɤɴɫɜɚɱɚȽɧɟɡɞɨɬɨɢɥɢɫɜɪɴɡɤɚɬɚɢɡɩɨɥɡɜɚɧɚɡɚɜɪɴɡɤɚɬɚ
ɬɪɹɛɜɚɞɚɫɚɥɟɫɧɨɞɨɫɬɴɩɧɢɤɨɝɚɬɨɭɪɟɞɴɬɟɦɨɧɬɢɪɚɧ
ɉɪɟɤɴɫɜɚɧɟɬɨɧɚɜɪɴɡɤɚɬɚɦɨɠɟɞɚɫɟɩɨɫɬɢɝɧɟɱɪɟɡɞɨɫɬɴɩɧɨɫɬɧɚɳɟɩɫɟɥɚɢɥɢɱɪɟɡɜɤɥɸɱɜɚɧɟ
ɧɚɩɪɟɜɤɥɸɱɜɚɬɟɥɜɧɟɩɨɞɜɢɠɧɨɬɨɨɤɚɛɟɥɹɜɚɧɟɜɫɴɨɬɜɟɬɫɬɜɢɟɫɩɪɚɜɢɥɚɬɚɡɚɨɤɚɛɟɥɹɜɚɧɟ
Ⱥɤɨɡɚɯɪɚɧɜɚɳɢɹɬɤɚɛɟɥɟɩɨɜɪɟɞɟɧɬɨɣɬɪɹɛɜɚɞɚɛɴɞɟɡɚɦɟɧɟɧɫɤɚɛɟɥɢɥɢɫɩɟɰɢɚɥɟɧɩɚɤɟɬ
ɩɪɟɞɨɫɬɚɜɟɧɨɬɩɪɨɢɡɜɨɞɢɬɟɥɹɢɥɢɤɚɬɨɫɟɫɜɴɪɠɟɬɟɫɨɬɞɟɥɚɡɚɨɛɫɥɭɠɜɚɧɟɧɚɤɥɢɟɧɬɢ
ȼɢɞɴɬɧɚɡɚɯɪɚɧɜɚɳɢɹɤɚɛɟɥɬɪɹɛɜɚɞɚɟ+99)
ɇɟɫɩɚɡɜɚɧɟɬɨɧɚɝɨɪɧɨɬɨɦɨɠɟɞɚɡɚɫɬɪɚɲɢɛɟɡɨɩɚɫɧɨɫɬɬɚɧɚɭɪɟɞɚɢɞɚɨɛɟɡɫɢɥɢɝɚɪɚɧɰɢɹɬɚ
ɉɪɟɞɢɩɨɱɢɫɬɜɚɧɟɬɨɬɪɹɛɜɚɞɚɫɟɢɡɜɚɞɢɢɡɥɢɲɴɤɴɬɨɬɪɚɡɥɟɬɢɹɦɚɬɟɪɢɚɥ
ɉɨɜɪɟɦɟɧɚɩɢɪɨɥɢɡɧɢɹɩɪɨɰɟɫɧɚɩɨɱɢɫɬɜɚɧɟɩɨɜɴɪɯɧɨɫɬɢɬɟɦɨɝɚɬɞɚɫɟɧɚɝɪɟɹɬɩɨɜɟɱɟɨɬ
ɨɛɢɱɚɣɧɨɬɨɩɨɪɚɞɢɬɨɜɚɞɟɰɚɬɚɬɪɹɛɜɚɞɚɫɟɞɴɪɠɚɬɧɚɛɟɡɨɩɚɫɧɨɪɚɡɫɬɨɹɧɢɟ
ɍɪɟɞɴɬɧɟɬɪɹɛɜɚɞɚɫɟɦɨɧɬɢɪɚɡɚɞɞɟɤɨɪɚɬɢɜɧɚɜɪɚɬɚɡɚɞɚɫɟɢɡɛɟɝɧɟɩɪɟɝɪɹɜɚɧɟ
Ʉɨɝɚɬɨɩɨɫɬɚɜɢɬɟɪɚɮɬɚɜɴɬɪɟɭɜɟɪɟɬɟɫɟɱɟɫɬɨɩɟɪɴɬɟɧɚɫɨɱɟɧɧɚɝɨɪɟɢɜɡɚɞɧɚɬɚɱɚɫɬɧɚ
ɤɭɯɢɧɚɬɚ
Ɋɚɮɬɴɬɬɪɹɛɜɚɞɚɛɴɞɟɩɴɯɧɚɬɢɡɰɹɥɨɜɤɭɯɢɧɚɬɚ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿ ɇɟ ɨɛɥɢɰɨɜɚɣɬɟ ɫɬɟɧɢɬɟ ɧɚ ɮɭɪɧɚɬɚ ɫ ɚɥɭɦɢɧɢɟɜɨ ɮɨɥɢɨ ɢɥɢ ɞɪɭɝɢ
ɦɚɬɟɪɢɚɥɢɡɚɟɞɧɨɤɪɚɬɧɚɭɩɨɬɪɟɛɚɤɨɢɬɨɫɟɩɪɨɞɚɜɚɬɜɦɚɝɚɡɢɧɢɬɟɄɨɝɚɬɨɜɥɹɡɚɬɜɩɪɹɤɞɨɫɟɝɫ
ɧɚɝɨɪɟɳɟɧɢɹ ɟɦɚɣɥ ɫɴɳɟɫɬɜɭɜɚ ɪɢɫɤ ɚɥɭɦɢɧɢɟɜɨɬɨ ɮɨɥɢɨ ɢ ɞɪɭɝɢ ɩɨɞɨɛɧɢ ɦɚɬɟɪɢɚɥɢ ɞɚ ɫɟ
ɪɚɡɬɨɩɹɬɢɞɚɩɨɜɪɟɞɹɬɟɦɚɣɥɢɪɚɧɚɬɚɜɴɬɪɟɲɧɚɩɨɜɴɪɯɧɨɫɬ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿɇɢɤɨɝɚɧɟɫɜɚɥɹɣɬɟɭɩɥɴɬɧɟɧɢɟɬɨɧɚɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿɈɩɚɫɧɨɫɬɨɬɢɡɝɚɪɹɧɟɢɩɨɜɪɟɞɚɧɚɭɪɟɞɚɂɡɩɨɥɡɜɚɧɟɧɚɮɭɧɤɰɢɹɬɚɡɚɩɚɪɚ
ɂɡɩɭɫɤɚɧɚɬɚ ɩɚɪɚ ɦɨɠɟ ɞɚ ɩɪɢɱɢɧɢ ɢɡɝɚɪɹɧɢɹ Ɉɬɜɨɪɟɬɟ ɜɧɢɦɚɬɟɥɧɨ ɜɪɚɬɚɬɚ ɡɚ ɞɚ ɢɡɛɟɝɧɟɬɟ
ɧɚɪɚɧɹɜɚɧɢɹɫɥɟɞɤɚɬɨɢɡɩɨɥɡɜɚɬɟɮɭɧɤɰɢɹɡɚɝɨɬɜɟɧɟɫɩɚɪɚ
ȼɇɂɆȺɇɂȿɇɟɡɚɪɟɠɞɚɣɬɟɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚɫɜɨɞɚɩɨɜɪɟɦɟɧɚɝɨɬɜɟɧɟɢɥɢɤɨɝɚɬɨɮɭɪɧɚɬɚɟ
ɝɨɪɟɳɚ
ɇɟɟɧɟɨɛɯɨɞɢɦɚɞɨɩɴɥɧɢɬɟɥɧɚɨɩɟɪɚɰɢɹɧɚɫɬɪɨɣɤɚɡɚɞɚɫɟɪɚɛɨɬɢɫɭɪɟɞɚɩɪɢɧɨɦɢɧɚɥɧɢɬɟ
ɱɟɫɬɨɬɢ
3ɟɡɸɦɟ
%*
ɉɨɱɢɫɬɜɚɧɟɢɩɨɞɞɪɴɠɤɚɧɚɮɭɪɧɚɬɚ
ɈɛɳɢɆɟɪɤɢɁɚȻɟɡɨɩɚɫɧɨɫɬ
ɂɧɫɬɪɭɤɰɢɢɡɚɛɟɡɨɩɚɫɧɨɫɬ
ȿɥɟɤɬɪɢɱɟɫɤɚɛɟɡɨɩɚɫɧɨɫɬ
ɉɪɟɩɨɪɴɤɢ
Ɇɨɧɬɚɠ
ɍɩɪɚɜɥɟɧɢɟɧɚɨɬɩɚɞɴɰɢɬɟɢɡɚɳɢɬɚɧɚ
ɨɤɨɥɧɚɬɚɫɪɟɞɚ
Ⱦɟɤɥɚɪɚɰɢɹɡɚɫɴɨɬɜɟɬɫɬɜɢɟ
Ɉɛɳɢɡɝɥɟɞ
ɉɪɢɫɩɨɫɨɛɥɟɧɢɹ
ɉɴɪɜɚɭɩɨɬɪɟɛɚ
Ɉɩɢɫɚɧɢɟɧɚɩɪɨɞɭɤɬɚ
ɂɡɩɨɥɡɜɚɧɟɧɚɮɭɪɧɚɬɚ
Ɉɛɳɢɛɟɥɟɠɤɢɩɨɩɨɱɢɫɬɜɚɧɟɬɨ
$48$&7,9$ɮɭɧɤɰɢɹ
ɉɨɞɞɪɴɠɤɚ
ɋɜɚɥɹɧɟɢɩɨɱɢɫɬɜɚɧɟɧɚɫɬɪɚɧɢɱɧɢɬɟɫɬɨɣɤɢ
ɋɜɚɥɹɧɟɧɚɩɪɨɡɨɪɟɰɚɧɚɮɭɪɧɚɬɚ
ɋɜɚɥɹɧɟɢɩɨɱɢɫɬɜɚɧɟɧɚɫɬɴɤɥɟɧɚɬɚɜɪɚɬɚ
ɋɦɹɧɚɧɚɤɪɭɲɤɚɬɚ
ɑɁȼ
Ɉɬɫɬɪɚɧɹɜɚɧɟɧɚɩɪɨɛɥɟɦɢ
Ɉɩɢɫɚɧɢɟɧɚɞɢɫɩɥɟɹ
Ɋɟɠɢɦɢɧɚɝɨɬɜɟɧɟ
ɂɡɩɨɥɡɜɚɧɟɧɚɮɭɧɤɰɢɹɬɚɡɚɩɚɪɚ
Ȼɥɚɝɨɞɚɪɢɦ ȼɢ ɱɟ ɢɡɛɪɚɯɬɟ ɟɞɢɧ ɨɬ ɧɚɲɢɬɟ ɩɪɨɞɭɤɬɢ Ɂ ɚ ɞɚ ɢɦɚɬɟ ɜɴɡɦɨɠɧɨ ɧɚɣɞɨɛɴɪ
ɪɟɡɭɥɬɚɬ ɩɪɢ ɢɡɩɨɥɡɜɚɧɟɬɨ ɧɚ ɮɭɪɧɚɬɚ ɜɧɢɦɚɬɟɥɧɨ ɩɪɨɱɟɬɟɬɟ ɬɨɜɚ ɪɴɤɨɜɨɞɫɬɜɨ
ɉɪɟɩɨɪɴɱɜɚɦɟȼɢɞɚɡɚɩɚɡɢɬɟɧɚɫɬɨɹɳɨɬɨɪɴɤɨɜɨɞɫɬɜɨɡɚɦɨɧɬɚɠɢɟɤɫɩɥɨɚɬɚɰɢɹɢɩɪɢɧɭɠɞɚ
ɞɚɫɟɨɛɪɴɳɚɬɟɤɴɦɧɟɝɨ
Ʉɨɝɚɬɨɭɪɟɞɴɬɟɜɟɤɫɩɥɨɚɬɚɰɢɹɜɫɢɱɤɢɞɨɫɬɴɩɧɢɱɚɫɬɢɫɚɝɨɪɟɳɢȼɧɢɜɚɣɬɟɞɚɧɟɫɟɞɨɤɨɫɜɚɬɟ
ɞɨɬɟɡɢɟɥɟɦɟɧɬɢɉɪɢɩɴɪɜɢɹɬɩɭɫɤɧɚɮɭɪɧɚɬɚɦɨɠɟɞɚɫɟɭɫɟɬɢɧɟɩɪɢɹɬɧɚɦɢɪɢɡɦɚɌɨɜɚ
ɫɬɚɜɚɡɚɳɨɬɨɢɡɨɥɚɰɢɨɧɧɢɬɟɟɥɟɦɟɧɬɢɫɟɡɚɝɪɹɜɚɬɡɚɩɴɪɜɢɩɴɬɌɨɜɚɟɚɛɫɨɥɸɬɧɨɧɨɪɦɚɥɧɨɢ
ɧɹɦɚɩɨɜɨɞɡɚɩɪɢɬɟɫɧɟɧɢɟɂɡɱɚɤɚɣɬɟɭɪɟɞɚɞɚɢɡɫɬɢɧɟɢɝɨɡɚɛɴɪɲɟɬɟɞɨɛɪɟɋɥɟɞɬɨɜɚɟ
ɝɨɬɨɜɡɚɧɨɪɦɚɥɧɚɟɤɫɩɥɨɚɬɚɰɢɹ
ȿɞɧɚɮɭɪɧɚɩɨɫɜɨɹɬɚɫɴɳɧɨɫɬɧɚɪɚɛɨɬɚɫɬɚɜɚɦɧɨɝɨɝɨɪɟɳɚɈɫɨɛɟɧɨɫɬɴɤɥɨɬɨɧɚɜɪɚɬɚɬɚɧɚ
ɮɭɪɧɚɬɚ
ɈɛɳɢɆɟɪɤɢɁɚȻɟɡɨɩɚɫɧɨɫɬ
ɂɧɫɬɪɭɤɰɢɢɡɚɛɟɡɨɩɚɫɧɨɫɬ
ɂɡɩɨɥɡɜɚɣɬɟ ɮɭɪɧɚɬɚ ɟɞɢɧɫɬɜɟɧɨ ɩɨ ɩɪɟɞɧɚɡɧɚɱɟɧɢɟ ɫɚɦɨ ɡɚ
ɩɪɢɝɨɬɜɹɧɟɧɚɯɪɚɧɚȼɫɹɤɚɞɪɭɝɚɭɩɨɬɪɟɛɚɧɚɩɪɢɦɟɪɤɚɬɨɢɡɬɨɱɧɢɤ
ɧɚ ɬɨɩɥɢɧɚ ɫɟ ɫɦɹɬɚ ɡɚ ɧɟɩɪɚɜɢɥɧɚ ɢ ɫɥɟɞɨɜɚɬɟɥɧɨ ɨɩɚɫɧɚ
ɉɪɨɢɡɜɨɞɢɬɟɥɹɬ ɧɟ ɧɨɫɢ ɨɬɝɨɜɨɪɧɨɫɬ ɡɚ ɳɟɬɢ ɜɴɡɧɢɤɧɚɥɢ
ɜɫɥɟɞɫɬɜɢɟ ɧɚ ɧɟɭɦɟɫɬɧɚɬɚ ɧɟɩɪɚɜɢɥɧɚɬɚ ɢɥɢ ɧɟɪɚɡɭɦɧɚɬɚ
ɭɩɨɬɪɟɛɚɧɚɮɭɪɧɚɬɚ
ɂɡɩɨɥɡɜɚɧɟɬɨɧɚɜɫɟɤɢɟɞɢɧɟɥɟɤɬɪɨɭɪɟɞɩɪɟɞɩɨɥɚɝɚɫɩɚɡɜɚɧɟɬɨɧɚ
ɧɹɤɨɢɨɫɧɨɜɧɢɩɪɚɜɢɥɚ
ɇɟɢɡɤɥɸɱɜɚɣɬɟɨɬɤɨɧɬɚɤɬɚɤɚɬɨɞɴɪɩɚɬɟɤɚɛɟɥɚ
ɇɟɞɨɤɨɫɜɚɣɬɟɭɪɟɞɚɫɦɨɤɪɢɢɥɢɜɥɚɠɧɢɪɴɰɟɢɥɢɤɪɚɤɚ
ɇɟ ɫɟ ɩɪɟɩɨɪɴɱɜɚ ɢɡɩɨɥɡɜɚɧɟɬɨ ɧɚ ɚɞɚɩɬɟɪɢ ɪɚɡɤɥɨɧɢɬɟɥɢ ɢ
ɭɞɴɥɠɢɬɟɥɢ
ȼɫɥɭɱɚɣɧɚɩɨɜɪɟɞɚɢɢɥɢɧɟɧɟɞɨɛɪɚɪɚɛɨɬɚɢɡɤɥɸɱɟɬɟɭɪɟɞɚɢɧɟ
ɫɟɨɩɢɬɜɚɣɬɟɞɚɝɨɩɨɩɪɚɜɢɬɟɫɚɦɢ
ȿɥɟɤɬɪɢɱɟɫɤɚɛɟɡɨɩɚɫɧɨɫɬ
ɍȼȿɊȿɌȿ ɋȿ ɑȿ ɋȼɔɊɁȼȺɇȿɌɈ ɇȺ ȿɅȿɄɌɊɂɑȿɋɄɂɌȿ
ɄȺȻȿɅɂ ɋȿ ɂɁȼɔɊɒȼȺ ɈɌ ȿɅȿɄɌɊɈɌȿɏɇɂɄ ɂɅɂ
ɄȼȺɅɂɎɂɐɂɊȺɇɌȿɏɇɂɄȿɥɟɤɬɪɢɱɟɫɤɚɬɚɢɧɫɬɚɥɚɰɢɹɤɴɦɤɨɹɬɨɟ
ɫɜɴɪɡɚɧɚ ɮɭɪɧɚɬɚ ɬɪɹɛɜɚ ɞɚ ɨɬɝɨɜɚɪɹ ɧɚ ɢɡɢɫɤɜɚɧɢɹɬɚ ɧɚ
ɩɪɢɥɨɠɢɦɨɬɨɡɚɤɨɧɨɞɚɬɟɥɫɬɜɨɜɫɬɪɚɧɚɬɚɜɤɨɹɬɨɫɟɩɨɥɡɜɚɭɪɟɞɴɬ
ɉɪɨɢɡɜɨɞɢɬɟɥɹɬ ɧɟ ɧɨɫɢ ɨɬɝɨɜɨɪɧɨɫɬ ɡɚ ɳɟɬɢ ɩɪɢɱɢɧɟɧɢ ɨɬ
ɧɟɫɩɚɡɜɚɧɟɬɨɧɚɬɟɡɢɭɤɚɡɚɧɢɹɎɭɪɧɚɬɚɬɪɹɛɜɚɞɚɛɴɞɟɫɜɴɪɡɚɧɚ
ɤɴɦ ɟɥɟɤɬɪɨɡɚɯɪɚɧɜɚɧɟ ɫɴɫ ɡɚɡɟɦɟɧɨ ɤɨɧɬɚɤɬɧɨ ɝɧɟɡɞɨ ɢɥɢ
ɦɧɨɝɨɩɨɥɸɫɟɧ ɩɪɟɤɴɫɜɚɱ ɜ ɡɚɜɢɫɢɦɨɫɬ ɨɬ ɩɪɢɥɨɠɢɦɨɬɨ
ɡɚɤɨɧɨɞɚɬɟɥɫɬɜɨ ɜ ɫɬɪɚɧɚɬɚ ɜ ɤɨɹɬɨ ɫɟ ɢɡɜɴɪɲɜɚ ɦɨɧɬɚɠɴɬ
ȿɥɟɤɬɪɨɡɚɯɪɚɧɜɚɳɚɬɚ ɢɧɫɬɚɥɚɰɢɹ ɬɪɹɛɜɚ ɞɚ ɛɴɞɟ ɡɚɳɢɬɟɧɚ ɫ
ɩɨɞɯɨɞɹɳɢ ɩɪɟɞɩɚɡɢɬɟɥɢ ɚ ɢɡɩɨɥɡɜɚɧɢɬɟ ɩɪɨɜɨɞɧɢɰɢ ɬɪɹɛɜɚ ɞɚ
ɢɦɚɬ ɧɚɩɪɟɱɧɨ ɫɟɱɟɧɢɟ ɩɨɞɯɨɞɹɳɨ ɡɚ ɩɪɨɜɟɠɞɚɧɟ ɧɚ ɬɨɤɚ
ɧɟɨɛɯɨɞɢɦɡɚɡɚɯɪɚɧɜɚɧɟɧɚɮɭɪɧɚɬɚ
ɋȼɔɊɁȼȺɇȿ
Ɏɭɪɧɚɬɚ ɟ ɨɛɨɪɭɞɜɚɧɚ ɫɴɫ ɡɚɯɪɚɧɜɚɳ ɤɚɛɟɥ ɤɨɣɬɨ ɬɪɹɛɜɚ ɞɚ ɫɟ
ɫɜɴɪɠɟɟɞɢɧɫɬɜɟɧɨɤɴɦɢɡɬɨɱɧɢɤ9$&+]ɦɟɠɞɭɮɚɡɢɬɟ
ɢɥɢ ɦɟɠɞɭ ɮɚɡɚɬɚ ɢ ɧɭɥɚɬɚ ɉɪɟɞɢ ɞɚ ɫɜɴɪɠɟɬɟ ɮɭɪɧɚɬɚ ɤɴɦ
ɡɚɯɪɚɧɜɚɧɟɬɨɟɜɚɠɧɨɞɚɢɡɜɴɪɲɢɬɟɩɪɨɜɟɪɤɚɧɚ
ɫɬɨɣɧɨɫɬɢɬɟɧɚɧɚɩɪɟɠɟɧɢɟɬɨɫɮɚɡɨɦɟɪɢ
ɧɚɫɬɪɨɣɤɚɬɚɧɚɩɪɟɤɴɫɜɚɱɚ
Ɂɚɡɟɦɹɜɚɳɢɹɬɩɪɨɜɨɞɧɢɤɤɨɣɬɨɟɫɜɴɪɡɚɧɤɴɦɡɚɡɟɦɹɜɚɳɚɤɥɟɦɚɧɚ
ɮɭɪɧɚɬɚ ɬɪɹɛɜɚ ɞɚ ɛɴɞɟ ɫɜɴɪɡɚɧ ɤɴɦ ɡɚɡɟɦɹɜɚɳɚɬɚ ɤɥɟɦɚ ɧɚ
ɡɚɯɪɚɧɜɚɧɟɬɨ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿ
ɉɪɟɞɢ ɞɚ ɫɜɴɪɠɟɬɟ ɮɭɪɧɚɬɚ ɤɴɦ ɡɚɯɪɚɧɜɚɧɟɬɨ ɩɨɢɫɤɚɣɬɟ ɨɬ
ɤɜɚɥɢɮɢɰɢɪɚɧ ɟɥɟɤɬɪɨɬɟɯɧɢɤ ɞɚ ɩɪɨɜɟɪɢ ɢɡɩɪɚɜɧɨɫɬɬɚ ɧɚ
ɡɚɡɟɦɹɜɚɳɚɬɚ ɤɥɟɦɚ ɧɚ ɡɚɯɪɚɧɜɚɧɟɬɨ ɉɪɨɢɡɜɨɞɢɬɟɥɹɬ ɧɟ ɧɨɫɢ
ɨɬɝɨɜɨɪɧɨɫɬɡɚɢɧɰɢɞɟɧɬɢɢɥɢɞɪɭɝɢɩɪɨɛɥɟɦɢɜɴɡɧɢɤɧɚɥɢɩɨɪɚɞɢ
ɝɪɟɲɧɨɡɚɡɟɦɹɜɚɧɟɢɢɥɢɧɟɢɡɩɪɚɜɧɨɫɬɢɜɡɚɡɟɦɢɬɟɥɧɢɬɟɤɥɟɦɢ
ɁȺȻȿɅȿɀɄȺɌɴɣɤɚɬɨɮɭɪɧɚɬɚɦɨɠɟɞɚɫɟɧɭɠɞɚɟɨɬɩɨɞɞɪɴɠɤɚ
ɩɪɟɩɨɪɴɱɢɬɟɥɧɨɟɞɚɪɚɡɩɨɥɚɝɚɬɟɫɴɫɫɜɨɛɨɞɧɨɤɨɧɬɚɤɬɧɨɝɧɟɡɞɨɜ
ɤɨɟɬɨɞɚɛɴɞɟɜɤɥɸɱɟɧɚɚɤɨɛɴɞɟɩɪɟɦɟɫɬɟɧɚɨɬɦɹɫɬɨɬɨɧɚɤɨɟɬɨɟ
ɦɨɧɬɢɪɚɧɚɁɚɯɪɚɧɜɚɳɢɹɬɤɚɛɟɥɬɪɹɛɜɚɞɚɫɟɩɨɞɦɟɧɹɟɞɢɧɫɬɜɟɧɨ
ɨɬɟɥɟɤɬɪɨɬɟɯɧɢɤɡɚɧɢɦɚɜɚɳɫɟɫɩɨɞɞɪɴɠɤɚɧɚɟɥɟɤɬɪɨɭɪɟɞɢ
ɉɪɟɩɨɪɴɤɢ
ɉɨɱɢɫɬɜɚɣɬɟɮɭɪɧɚɬɚɫɥɟɞɜɫɹɤɨɩɨɥɡɜɚɧɟɢɬɚɤɚɳɟɦɨɠɟɬɟ ɞɚɹ
ɩɨɞɞɴɪɠɚɬɟɛɟɡɭɩɪɟɱɧɨɱɢɫɬɚ
ɇɟ ɨɛɥɟɩɜɚɣɬɟ ɜɴɬɪɟɲɧɨɫɬɬɚ ɧɚ ɮɭɪɧɚɬɚ ɫ ɚɥɭɦɢɧɢɟɜɨ ɮɨɥɢɨ ɢɥɢ
ɡɚɳɢɬɧɨ ɮɨɥɢɨ ɡɚ ɟɞɧɨɤɪɚɬɧɚ ɭɩɨɬɪɟɛɚ ɉɪɢ ɞɨɤɨɫɜɚɧɟ ɞɨ
ɧɚɝɨɪɟɳɟɧɢɬɟɟɦɚɣɥɢɪɚɧɢɩɨɜɴɪɯɧɨɫɬɢɚɥɭɦɢɧɢɟɜɨɬɨɮɨɥɢɨɢɞɪɭɝɢ
ɜɢɞɨɜɟ ɡɚɳɢɬɚ ɦɨɠɟ ɞɚ ɫɟ ɪɚɡɬɨɩɢ ɢ ɬɚɤɚ ɞɚ ɭɜɪɟɞɢ ɟɦɚɣɥɚ ɧɚ
ɜɴɬɪɟɲɧɢɬɟ ɫɬɟɧɢ Ɂɚ ɞɚ ɩɪɟɞɨɬɜɪɚɬɢɬɟ ɩɪɟɤɨɦɟɪɧɨ ɡɚɰɚɩɜɚɧɟ ɧɚ
ɮɭɪɧɚɬɚɢɞɢɦɫɴɫɫɢɥɟɧɦɢɪɢɫɤɨɣɬɨɫɟɨɛɪɚɡɭɜɚɜɫɥɟɞɫɬɜɢɟɨɬɬɨɜɚ
ɩɪɟɩɨɪɴɱɜɚɦɟ ɞɚ ɧɟ ɢɡɩɨɥɡɜɚɬɟ ɮɭɪɧɚɬɚ ɧɚ ɦɧɨɝɨ ɜɢɫɨɤɚ
ɬɟɦɩɟɪɚɬɭɪɚ ɉɨɞɨɛɪɟ ɟ ɞɚ ɭɞɴɥɠɢɬɟ ɜɪɟɦɟɬɨ ɡɚ ɝɨɬɜɟɧɟ ɤɚɬɨ
ɧɚɦɚɥɢɬɟ ɥɟɤɨ ɬɟɦɩɟɪɚɬɭɪɚɬɚ Ɉɫɜɟɧ ɩɪɟɞɨɫɬɚɜɟɧɢɬɟ ɡɚɟɞɧɨ ɫ
ɮɭɪɧɚɬɚɩɪɢɫɩɨɫɨɛɥɟɧɢɹɩɪɟɩɨɪɴɱɜɚɦɟ ɞɚ ɢɡɩɨɥɡɜɚɬɟ ɫɚɦɨ ɬɚɜɢɢ
ɮɨɪɦɢɡɚɩɟɱɟɧɟɤɨɢɬɨɢɦɚɬɩɨɜɢɲɟɧɚɬɨɩɥɨɭɫɬɨɣɱɢɜɨɫɬ
Ɇɨɧɬɚɠ
Ɇɨɧɬɚɠɴɬ ɧɚ ɮɭɪɧɚɬɚ ɧɟ ɟ ɡɚɞɴɥɠɟɧɢɟ ɧɚ ɩɪɨɢɡɜɨɞɢɬɟɥɹ Ⱥɤɨ ɟ
ɧɟɨɛɯɨɞɢɦɨɫɴɞɟɣɫɬɜɢɟɬɨɧɚɩɪɨɢɡɜɨɞɢɬɟɥɹɡɚɨɬɫɬɪɚɧɹɜɚɧɟɬɨɧɚ
ɩɨɜɪɟɞɢɩɪɨɢɡɬɢɱɚɳɢɨɬɧɟɩɪɚɜɢɥɟɧɦɨɧɬɚɠɬɨɜɚɫɴɞɟɣɫɬɜɢɟɧɟɫɟ
ɩɨɤɪɢɜɚɨɬɝɚɪɚɧɰɢɹɬɚɌɪɹɛɜɚɞɚɫɟɫɥɟɞɜɚɬɭɤɚɡɚɧɢɹɬɚɡɚɦɨɧɬɚɠ
ɤɨɢɬɨ ɫɚ ɩɪɟɞɧɚɡɧɚɱɟɧɢ ɡɚ ɤɜɚɥɢɮɢɰɢɪɚɧɢ ɩɪɨɮɟɫɢɨɧɚɥɢɫɬɢ
ɇɟɩɪɚɜɢɥɧɢɹɬ ɦɨɧɬɚɠ ɦɨɠɟ ɞɚ ɩɪɢɱɢɧɢ ɦɚɬɟɪɢɚɥɧɢ ɳɟɬɢ ɢɥɢ
ɧɚɪɚɧɹɜɚɧɢɹɧɚɯɨɪɚɢɠɢɜɨɬɧɢɉɪɨɢɡɜɨɞɢɬɟɥɹɬɧɟɧɨɫɢɨɬɝɨɜɨɪɧɨɫɬ
ɡɚɬɚɤɢɜɚɳɟɬɢɢɥɢɧɚɪɚɧɹɜɚɧɢɹ
Ɏɭɪɧɚɬɚɦɨɠɟɞɚɛɴɞɟɪɚɡɩɨɥɨɠɟɧɚɧɚɜɢɫɨɤɨɦɹɫɬɨɜɤɨɥɨɧɚɢɥɢ
ɜɝɪɚɞɟɧɚɩɨɞɤɭɯɧɟɧɫɤɢɩɥɨɬɉɪɟɞɢɞɚɹɦɨɧɬɢɪɚɬɟɫɟɭɜɟɪɟɬɟɱɟɜ
ɨɩɪɟɞɟɥɟɧɨɬɨ ɡɚ ɮɭɪɧɚɬɚ ɩɪɨɫɬɪɚɧɫɬɜɨ ɢɦɚ ɞɨɛɪɚ ɜɟɧɬɢɥɚɰɢɹ ɢ
ɛɟɡɩɪɟɩɹɬɫɬɜɟɧ ɞɨɫɬɴɩ ɧɚ ɫɜɟɠ ɜɴɡɞɭɯ ɤɨɣɬɨ ɟ ɧɟɨɛɯɨɞɢɦ ɡɚ
ɨɯɥɚɠɞɚɧɟɬɨ ɢ ɡɚɳɢɬɚɬɚ ɧɚ ɜɴɬɪɟɲɧɢɬɟ ɟɥɟɦɟɧɬɢ ɧɚ ɮɭɪɧɚɬɚ
ɂɡɪɚɛɨɬɟɬɟ ɨɬɜɨɪɢɬɟ ɜ ɫɴɨɬɜɟɬɫɬɜɢɟ ɫ ɩɨɫɨɱɟɧɢɬɟ ɧɚ ɩɨɫɥɟɞɧɚɬɚ
ɫɬɪɚɧɢɰɚɫɩɟɰɢɮɢɤɚɰɢɢɜɡɚɜɢɫɢɦɨɫɬɨɬɧɚɱɢɧɚɧɚɦɨɧɬɚɠ
ɍɩɪɚɜɥɟɧɢɟɧɚɨɬɩɚɞɴɰɢɬɟɢɡɚɳɢɬɚɧɚ
ɨɤɨɥɧɚɬɚɫɪɟɞɚ
Ɍɨɡɢ ɭɪɟɞ ɟ ɦɚɪɤɢɪɚɧ ɫɴɝɥɚɫɧɨ ɟɜɪɨɩɟɣɫɤɚ Ⱦɢɪɟɤɬɢɜɚ
(ɈɡɚɈɬɩɚɞɴɰɢɨɬɟɥɟɤɬɪɢɱɟɫɤɨɢɟɥɟɤɬɪɨɧɧɨ
ɨɛɨɪɭɞɜɚɧɟ :((( :((( ɫɴɞɴɪɠɚ ɟɞɧɨɜɪɟɦɟɧɧɨ
ɡɚɦɴɪɫɹɜɚɳɢ ɫɭɛɫɬɚɧɰɢɢ ɤɨɢɬɨ ɦɨɝɚɬ ɞɚ ɨɤɚɠɚɬ
ɨɬɪɢɰɚɬɟɥɧɨ ɜɴɡɞɟɣɫɬɜɢɟ ɜɴɪɯɭ ɨɤɨɥɧɚɬɚ ɫɪɟɞɚ ɢ
ɨɫɧɨɜɧɢ ɤɨɦɩɨɧɟɧɬɢ ɤɨɢɬɨ ɦɨɝɚɬ ɞɚ ɫɟ ɢɡɩɨɥɡɜɚɬ
ɩɨɜɬɨɪɧɨ ȼɚɠɧɨ ɟ :((( ɞɚ ɛɴɞɚɬ ɨɛɪɚɛɨɬɟɧɢ ɩɨ
ɫɩɟɰɢɮɢɱɧɢ ɧɚɱɢɧɢ ɫ ɨɝɪɥɟɞ ɩɪɚɜɢɥɧɨɬɨ ɨɬɫɬɪɚɧɹɜɚɧɟ ɢ
ɢɡɯɜɴɪɥɹɧɟɬɨɧɚɜɫɢɱɤɢɡɚɦɴɪɫɢɬɟɥɢɢɜɴɡɜɪɴɳɚɧɟɬɨɢɪɟɰɢɤɥɢɪɚɧɟ
ɧɚɜɫɢɱɤɢɦɚɬɟɪɢɚɥɢ
Ɉɬɞɟɥɧɢɬɟɢɧɞɢɜɢɞɢɦɨɝɚɬɞɨɨɤɚɠɚɬɜɚɠɧɚɪɨɥɹɨɫɢɝɭɪɹɜɚɣɤɢɱɟ
:(((ɧɹɦɚɞɚɫɬɚɧɚɬɩɪɨɛɥɟɦɡɚɨɤɨɥɧɚɬɚɫɪɟɞɚɜɚɠɧɨɟɞɚɛɴɞɚɬ
ɫɥɟɞɜɚɧɢɧɹɤɨɢɨɫɧɨɜɧɢɩɪɚɜɢɥɚ
:(((ɧɟɬɪɹɛɜɚɞɚɛɴɞɚɬɬɪɟɬɢɪɚɧɢɤɚɬɨɞɨɦɚɤɢɧɫɤɢɨɬɩɚɞɴɰɢ
:((( ɬɪɹɛɜɚ ɞɚ ɛɴɞɚɬ ɩɪɟɞɚɜɚɧɢ ɜ ɫɴɨɬɜɟɬɧɬɢɟ ɫɴɛɢɪɚɬɟɥɧɢ
ɩɭɧɤɬɨɜɟɭɩɪɚɜɥɹɜɚɧɢɨɬɨɛɳɢɧɚɬɚɢɥɢɪɟɝɢɫɬɪɢɪɚɧɢɤɨɦɩɚɧɢɢȼ
ɦɧɨɝɨɞɴɪɠɚɜɢɡɚɝɨɥɟɦɢ:(((ɦɨɠɟɞɚɫɟɩɪɟɞɥɚɝɚɫɴɛɢɪɚɧɟɨɬ
ɞɨɦɨɜɟɬɟ
ɤɨɝɚɬɨ ɤɭɩɭɜɚɬɟ ɧɨɜ ɭɪɟɞ ɫɬɚɪɢɹɬ ɦɨɠɟ ɞɚ ɛɴɞɟ ɜɴɪɧɚɬ ɧɚ
ɬɴɪɝɨɜɟɰɚɤɨɣɬɨɞɚɝɨɩɪɢɛɟɪɟɬɟɛɟɡɩɥɚɬɧɨɧɚɛɚɡɚɟɞɧɨɤɴɦɟɞɧɨ
ɞɨɤɚɬɨ ɨɛɨɪɭɞɜɚɧɟɬɨ ɟ ɨɬ ɫɴɳɢɹ ɬɢɩ ɢɦɚ ɫɴɳɢɬɟ ɮɭɧɤɰɢɢ ɤɚɬɨ
ɞɨɫɬɚɜɟɧɨɬɨɨɛɨɪɭɞɜɚɧɟ
ɋɉȿɋɌəȼȺɇȿɇȺȿɇȿɊȽɂəɂɈɉȺɁȼȺɇȿɇȺɈɄɈɅɇȺɌȺɋɊȿȾȺ
Ʉɨɝɚɬɨ ɟ ɜɴɡɦɨɠɧɨ ɢɡɛɹɝɜɚɣɬɟ ɩɪɟɞɜɚɪɢɬɟɥɧɨɬɨ ɡɚɝɪɹɜɚɧɟ ɧɚ
ɮɭɪɧɚɬɚ ɉɨ ɜɪɟɦɟ ɧɚ ɝɨɬɜɟɧɟ ɨɬɜɚɪɹɣɬɟ ɜɪɚɬɚɬɚ ɧɚ ɮɭɪɧɚɬɚ
ɜɴɡɦɨɠɧɨɧɚɣɦɚɥɤɨɡɚɳɨɬɨɩɪɢɜɫɹɤɨɨɬɜɚɪɹɧɟɫɟɝɭɛɢɬɨɩɥɢɧɚɁɚ
ɡɧɚɱɢɬɟɥɧɚɢɤɨɧɨɦɢɹɧɚɟɧɟɪɝɢɹɢɡɤɥɸɱɟɬɟɮɭɪɧɚɬɚ±ɦɢɧɭɬɢ
ɩɪɟɞɢ ɩɥɚɧɢɪɚɧɢɹɬ ɤɪɚɣ ɧɚ ɜɪɟɦɟɬɨ ɡɚ ɝɨɬɜɟɧɟ ɢ ɢɡɩɨɥɡɜɚɣɬɟ
ɨɫɬɚɬɴɱɧɚɬɚɬɨɩɥɢɧɚɤɨɹɬɨɮɭɪɧɚɬɚɩɪɨɞɴɥɠɚɜɚɞɚɝɟɧɟɪɢɪɚɁɚɞɚ
ɢɡɛɟɝɧɟɬɟ ɡɚɝɭɛɚ ɧɚ ɬɨɩɥɢɧɚ ɩɨɞɞɴɪɠɚɣɬɟ ɱɢɫɬɢ ɢ ɜ ɪɟɞ
ɭɩɥɴɬɧɟɧɢɹɬɚ ɧɚ ɮɭɪɧɚɬɚ Ⱥɤɨ ɢɦɚɬɟ ɪɚɡɥɢɱɧɢ ɬɚɪɢɮɢ ɡɚ
ɟɥɟɤɬɪɢɱɟɫɤɚɬɚ ɟɧɟɪɝɢɹ ɢɡɩɨɥɡɜɚɣɬɟ ɨɬɥɨɠɟɧɢɹɬ ɫɬɚɪɬ ɡɚ ɞɚ
ɫɬɚɪɬɢɪɚɬɟɝɨɬɜɟɧɟɬɨɧɚɩɨɧɢɫɤɚɬɚɬɚɪɢɮɚ
%*
Ⱦɟɤɥɚɪɚɰɢɹɡɚɫɴɨɬɜɟɬɫɬɜɢɟ
ɇɟɩɪɢɥɨɠɢɦɨɱɚɫɬɢɬɟɧɚɬɨɡɢɭɪɟɞɨɬɝɨɜɚɪɹɬɧɚɊȿȽɅȺɆȿɇɌȿɈ
ʋɨɬɧɨɫɧɨɦɚɬɟɪɢɚɥɢɬɟɢɩɪɟɞɦɟɬɢɬɟɩɪɟɞɧɚɡɧɚɱɟɧɢɡɚ
ɤɨɧɬɚɤɬɫɯɪɚɧɢ
ɊȿȽɅȺɆȿɇɌ ȿɈ ʋ ɇȺ ɄɈɆɂɋɂəɌȺ ɨɬɧɨɫɧɨ ɞɨɛɪɢ
ɩɪɨɢɡɜɨɞɫɬɜɟɧɢɩɪɚɤɬɢɤɢɡɚɦɚɬɟɪɢɚɥɢɢɩɪɟɞɦɟɬɢɩɪɟɞɧɚɡɧɚɱɟɧɢ
ɡɚɤɨɧɬɚɤɬɫɯɪɚɧɢ
ɉɨɫɬɚɜɹɣɤɢ ɢɦɚɪɤɢɪɚɣɤɢɬɨɡɢɩɪɨɞɭɤɬɧɢɟɞɟɤɥɚɪɢɪɚɦɟɧɚ
ɧɚɲɚ ɨɬɝɨɜɨɪɧɨɫɬ ɱɟ ɬɨɣ ɟ ɜ ɫɴɨɬɜɟɫɬɜɢɟ ɫɴɫ ɜɫɢɱɤɢ ȿɜɪɨɩɟɣɫɤɢ
ɢɡɢɫɤɜɚɧɢɹɡɚɛɟɡɨɩɚɫɬɧɨɫɬɡɞɪɚɜɧɢɢɟɤɨɥɨɝɢɱɧɢɧɨɪɦɢ
ɋɥɟɞ ɤɚɬɨ ɪɚɡɨɩɚɤɨɜɚɬɟ ɮɭɪɧɚɬɚ ɭɜɟɪɟɬɟ ɫɟ ɱɟ ɬɹ ɧɟ ɟ ɛɢɥɚ
ɩɨɜɪɟɞɟɧɚ ɩɨ ɧɹɤɚɤɴɜ ɧɚɱɢɧ Ⱥɤɨ ɢɦɚɬɟ ɧɹɤɚɤɜɢ ɫɴɦɧɟɧɢɹ ɧɟ ɹ
ɢɡɩɨɥɡɜɚɣɬɟ ɫɜɴɪɠɟɬɟ ɫɟ ɫ ɤɜɚɥɢɮɢɰɢɪɚɧ ɱɨɜɟɤ ɋɴɯɪɚɧɹɜɚɣɬɟ
ɨɩɚɤɨɜɴɱɧɢɬɟɦɚɬɟɪɢɚɥɢɤɚɬɨɧɚɣɥɨɧɨɜɢɬɨɪɛɢɱɤɢɩɨɥɢɫɬɢɪɨɥɢɥɢ
ɩɢɪɨɧɢɢɡɜɴɧɨɛɫɟɝɚɧɚɞɟɰɚɡɚɳɨɬɨɬɟɫɚɨɩɚɫɧɢɡɚɬɹɯ
Ɉɩɢɫɚɧɢɟɧɚɩɪɨɞɭɤɬɚ
Ɉɛɳɢɡɝɥɟɞ
ɉɚɧɟɥɡɚɭɩɪɚɜɥɟɧɢɟ
ȼɨɞɚɱɢɫɬɪɚɧɢɱɧɚɦɟɬɚɥɧɚɪɟɲɟɬɤɚɚɤɨɟɜɤɥɸɱɟɧɚ
Ɇɟɬɚɥɧɚɫɤɚɪɚ
Ɍɚɜɚɡɚɦɚɡɧɢɧɢ
ȼɟɧɬɢɥɚɬɨɪɡɚɞɦɟɬɚɥɧɚɬɚɩɥɨɱɚ
ȼɪɚɬɚɧɚɮɭɪɧɚɬɚ
ɉɪɢɫɩɨɫɨɛɥɟɧɢɹ
ɉɴɪɜɚɭɩɨɬɪɟɛɚ
ɉɊȿȾȼȺɊɂɌȿɅɇɈɉɈɑɂɋɌȼȺɇȿ
ɉɨɱɢɫɬɟɬɟɮɭɪɧɚɬɚɩɪɟɞɢɞɚɹɢɡɩɨɥɡɜɚɬɟɡɚɩɪɴɜɩɴɬɁɚɛɴɪɲɟɬɟɜɴɧɲɧɢɬɟɩɨɜɴɪɯɧɨɫɬɢɫɧɚɜɥɚɠɧɟɧɚɦɟɤɚɤɴɪɩɚɂɡɦɢɣɬɟɜɫɢɱɤɢ
ɩɪɢɫɩɨɫɨɛɥɟɧɢɹɢɡɚɛɴɪɲɟɬɟɜɴɬɪɟɲɧɨɫɬɬɚɧɚɮɭɪɧɚɬɚɫɪɚɡɬɜɨɪɧɚɬɨɩɥɚɜɨɞɚɢɩɪɟɩɚɪɚɬɡɚɦɢɟɧɟȼɤɥɸɱɟɬɟɮɭɪɧɚɬɚɧɚɦɚɤɫɢɦɚɥɧɚ
ɬɟɦɩɟɪɚɬɭɪɚɢɹɨɫɬɚɜɟɬɟɞɚɪɚɛɨɬɢɨɤɨɥɨɱɚɫɬɚɤɚɳɟɛɴɞɚɬɨɬɫɬɪɚɧɟɧɢɨɫɬɚɬɴɱɧɢɬɟɦɢɪɢɡɦɢɧɚ³ɧɨɜɨ´
%*
Ɍɚɜɚɡɚɦɚɡɧɢɧɢ
ɋɥɭɠɢɡɚɫɴɛɢɪɚɧɟɧɚɦɚɡɧɢɧɚɬɚɤɨɹɬɨɤɚɩɟɞɨɤɚɬɨɧɚɫɤɚɪɚɬɚ
ɫɟɝɨɬɜɢɯɪɚɧɚ
Ɇɟɬɚɥɧɚɫɤɚɪɚ
ɋɥɭɠɢɡɚɩɨɫɬɚɜɹɧɟɧɚɬɚɜɢɢɱɢɧɢɢ
ɫɬɪɚɧɢɱɧɢɬɟɬɟɥɟɧɢɦɪɟɠɢ
ɋɬɪɚɧɢɱɧɨɬɟɥɦɪɟɠɚɬɚɚɤɨɟɜɤɥɸɱɟɧ
%*
Ɏɭɧɤɰɢɹ Ʉɚɤɞɚɚɤɬɢɜɢɪɚɦɟ
Ʉɚɤɞɚɢɡɤɥɸɱɢɬɟ
Ʉɚɤɜɨɩɪɚɜɢ Ɂɚɤɚɤɜɨɫɟɢɡɩɨɥɡɜɚ
Ɂɚɤɥɸɱɜɚɧɟ
Ɍɚɣɦɟɪ
ȼɪɟɦɟɡɚ
ɝɨɬɜɟɧɟ
Ʉɪɚɣɧɚ
ɝɨɬɜɟɧɟɬɨ
ɇɚɬɢɫɧɟɬɟɰɟɧɬɪɚɥɧɢɹ
ɛɭɬɨɧɩɴɬ
ɇɚɬɢɫɧɟɬɟɛɭɬɨɧɢ
ɡɚɞɚɢɡɛɟɪɟɬɟɜɪɟɦɟ
ɨɫɜɨɛɨɞɟɬɟɜɫɢɱɤɢɛɭɬɨɧɢ
Ⱥɥɚɪɦɚɜɤɪɚɹɧɚɜɪɟɦɟɬɨ
ɉɨɜɪɟɦɟɧɚɪɚɛɨɬɚ
ɫɟɩɨɤɚɡɜɚɨɫɬɜɪɟɦɟ
ɉɨɡɜɨɥɹɜɚɞɚɢɡɩɨɥɡɜɚɬɟ
ɮɭɪɧɚɬɚɤɚɬɨɚɥɚɪɦɟɧ
ɱɚɫɨɜɧɢɤɩɪɢɜɤɥɸɱɟɧɚɢ
ɢɡɤɥɸɱɟɧɚɮɭɪɧɚ
ɇɚɬɢɫɧɟɬɟɰɟɧɬɪɚɥɧɢɹɛɭɬɨɧ
ɩɴɬɢ
ɇɚɬɢɫɧɟɬɟɛɭɬɨɧɢɢɥɢª
ɡɚɞɚɢɡɛɟɪɟɬɟ
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ȽɊɂɅȼȿɇɌɂɅȺɌɈɊɂɡɩɨɥɡɜɚɣɬɟɬɭɪɛɨɝɪɢɥɫɴɫɡɚɬɜɨɪɟɧɚɜɪɚɬɚ
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ɝɨɬɜɟɧɟɬɨɨɛɴɪɧɟɬɟɯɪɚɧɚɬɚ
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ɜɪɟɦɟɧɚɬɚ ɡɚ ɩɪɟɬɨɩɥɹɧɟ ɢ ɝɨɬɜɟɧɟ ɫɟ ɧɚɦɚɥɹɜɚɬ Ɇɨɠɟɬɟ ɞɚ ɩɪɢɝɨɬɜɹɬɟ ɪɚɡɥɢɱɧɢ ɯɪɚɧɢ ɟɞɧɨɜɪɟɦɟɧɧɨ
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ɉɪɟɞɭɩɪɟɠɞɟɧɢɟɍɜɟɪɟɬɟɫɟɱɟɭɪɟɞɴɬɟɢɫɬɢɧɚɥɩɪɟɞɢɞɚɝɨ
ɞɨɤɨɫɧɟɬɟɌɪɹɛɜɚɞɚɫɟɜɧɢɦɚɜɚɫɜɫɢɱɤɢɝɨɪɟɳɢɩɨɜɴɪɯɧɨɫɬɢ
ɬɴɣɤɚɬɨɫɴɳɟɫɬɜɭɜɚɪɢɫɤɨɬɢɡɝɚɪɹɧɟɂɡɩɨɥɡɜɚɣɬɟɞɟɫɬɢɥɢɪɚɧɚ
ɢɥɢɩɢɬɟɣɧɚɜɨɞɚ
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PO
ɂɡɩɨɥɡɜɚɧɟɧɚɮɭɧɤɰɢɹɬɚɡɚɩɚɪɚ
Ɏɭɧɤɰɢɹɬɚɡɚɩɚɪɚɩɨɡɜɨɥɹɜɚɩɨɞɨɛɪɚɝɴɜɤɚɜɨɫɬɩɨɜɪɟɦɟɧɚɰɢɤɴɥɚɧɚ
ɝɨɬɜɟɧɟ ɉɪɟɩɨɪɴɱɜɚ ɫɟ ɪɟɞɭɜɚɧɟ ɧɚ ɝɨɬɜɟɧɟ ɧɚ ɩɚɪɚ ɫ ɬɪɚɞɢɰɢɨɧɧɨ
ɝɨɬɜɟɧɟ
ɉɊȿȾɍɉɊȿɀȾȿɇɂȿɈɩɚɫɧɨɫɬɨɬɢɡɝɚɪɹɧɟɢɩɨɜɪɟɞɚɧɚɭɪɟɞɚ
Ɉɫɜɨɛɨɞɟɧɚɬɚɩɚɪɚɦɨɠɟɞɚɩɪɢɱɢɧɢɢɡɝɚɪɹɧɢɹ
Ɉɬɜɨɪɟɬɟ ɜɧɢɦɚɬɟɥɧɨ ɜɪɚɬɚɬɚ ɧɚ ɮɭɪɧɚɬɚ ɡɚ ɞɚ ɢɡɛɟɝɧɟɬɟ
ɧɚɪɚɧɹɜɚɧɢɹɫɥɟɞɤɚɬɨɢɡɩɨɥɡɜɚɬɟɮɭɧɤɰɢɹɡɚɝɨɬɜɟɧɟɫɩɚɪɚ
Ɉɬɜɨɪɟɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚ
ɇɚɩɴɥɧɟɬɟ ɞɴɧɨɬɨ ɧɚ ɤɭɯɢɧɚɬɚ ɫ ɩɨɦɨɳɬɚ ɧɚ ɦɚɤɫ PO ɜɨɞɚ
Ɂɚɩɴɥɧɟɬɟɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚɫɜɨɞɚɫɚɦɨɤɨɝɚɬɨɮɭɪɧɚɬɚɟɫɬɭɞɟɧɚ
ɉɨɫɬɚɜɟɬɟɯɪɚɧɚɜɭɪɟɞɚɢɡɚɬɜɨɪɟɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚ
Ɂɚɞɚɣɬɟɮɭɧɤɰɢɹɬɚɤɨɹɬɨɩɪɟɞɩɨɱɢɬɚɬɟɞɚɝɨɬɜɢɬɟɫɩɚɪɚ
Ɂɚɜɴɪɬɟɬɟɤɨɩɱɟɬɨɡɚɬɟɦɩɟɪɚɬɭɪɚɬɚɡɚɞɚɢɡɛɟɪɟɬɟɬɟɦɩɟɪɚɬɭɪɚ
ɂɡɱɚɤɚɣɬɟɩɟɬɦɢɧɭɬɢɡɚɩɨɞɝɪɹɜɚɧɟɋɥɟɞɬɨɜɚɧɚɬɢɫɧɟɬɟɛɭɬɨɧɚɡɚ
ɩɚɪɚɬɚȻɭɬɨɧɴɬɡɚɩɚɪɧɚɩɟɳɪɚɛɨɬɢɫɮɭɧɤɰɢɹɬɚ
ȼɇɂɆȺɇɂȿ ɇɟ ɡɚɪɟɠɞɚɣɬɟɞɴɧɨɬɨ ɧɚɤɭɯɢɧɚɬɚɫɜɨɞɚɩɨɜɪɟɦɟɧɚ
ɝɨɬɜɟɧɟɢɥɢɤɨɝɚɬɨɮɭɪɧɚɬɚɟɝɨɪɟɳɚ
Ɂɚ ɞɚ ɢɡɤɥɸɱɢɬɟ ɭɪɟɞɚ ɩɪɟɜɤɥɸɱɟɬɟ ɤɨɩɱɟɬɨ ɡɚ ɮɭɧɤɰɢɹ ɢ
ɬɟɦɩɟɪɚɬɭɪɚɜɧɭɥɟɜɢɩɨɡɢɰɢɢ
ɂɡɜɚɞɟɬɟɜɨɞɚɬɚɨɬɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚɉɨɱɢɫɬɟɬɟɭɥɟɹɡɚɨɬɬɢɱɚɧɟ
ɧɚ ɤɚɩɤɢ ɫɥɟɞ ɜɫɟɤɢ ɰɢɤɴɥ ɧɚ ɝɨɬɜɟɧɟ Ɇɨɥɹ ɜɢɠɬɟ ɝɥɚɜɚ ɡɚ
ɢɧɫɬɪɭɤɰɢɢɡɚɩɨɱɢɫɬɜɚɧɟ
ɉɨɱɢɫɬɜɚɧɟɢɩɨɞɞɪɴɠɤɚɧɚɮɭɪɧɚɬɚ
Ɉɛɳɢɛɟɥɟɠɤɢɩɨɩɨɱɢɫɬɜɚɧɟɬɨ
ɀɢɡɧɟɧɢɹɬɰɢɤɴɥɧɚ ɬɨɡɢɭɪɟɞɦɨɠɟ ɞɚ ɛɴɞɟ ɭɞɴɥɠɟɧɤɚɬɨɝɨ
ɩɨɱɢɫɬɜɚɬɟ ɪɟɞɨɜɧɨ ɂɡɱɚɤɚɣɬɟ ɮɭɪɧɚɬɚ ɞɚ ɢɡɫɬɢɧɟ ɩɪɟɞɢ ɞɚ
ɢɡɜɴɪɲɜɚɬɟ ɪɴɱɧɢ ɞɟɣɧɨɫɬɢ ɩɨ ɩɨɱɢɫɬɜɚɧɟɬɨ ࣊ ɇɢɤɨɝɚ ɧɟ
ɢɡɩɨɥɡɜɚɣɬɟ ɚɛɪɚɡɢɜɧɢ ɩɪɟɩɚɪɚɬɢ ɬɟɥɟɧɢ ɱɟɬɤɢ ɢɥɢ ɨɫɬɪɢ
ɩɪɟɞɦɟɬɢɡɚɩɨɱɢɫɬɜɚɬɟɡɚɞɚɢɡɛɟɝɧɟɬɟɧɟɩɨɩɪɚɜɢɦɨɭɜɪɟɠɞɚɧɟ
ɧɚ ɟɦɚɣɥɢɪɚɧɢɬɟ ɱɚɫɬɢ ɂɡɩɨɥɡɜɚɣɬɟ ɫɚɦɨ ɜɨɞɚ ɫɚɩɭɧ ɢɥɢ
ɩɪɟɩɚɪɚɬɢɧɚɨɫɧɨɜɚɧɚɛɟɥɢɧɚɬɚɚɦɨɧɹɱɧɢ
ɋɌɔɄɅȿɇɂɑȺɋɌɂ
ɉɪɟɩɨɪɴɱɢɬɟɥɧɨɟɞɚɩɨɱɢɫɬɜɚɬɟɫɬɴɤɥɟɧɢɹɩɪɨɡɨɪɟɰɫɩɨɩɢɜɚɳɚ
ɤɭɯɧɟɧɫɤɚɤɴɪɩɚɫɥɟɞɜɫɹɤɨɩɨɥɡɜɚɧɟɧɚɮɭɪɧɚɬɚɁɚɩɪɟɦɚɯɜɚɧɟ
ɧɚɩɨɭɩɨɪɢɬɢɩɟɬɧɚɦɨɠɟɬɟɞɚɢɡɩɨɥɡɜɚɬɟɧɚɩɨɟɧɚɫɩɪɟɩɚɪɚɬ
ɝɴɛɚɤɨɹɬɨɫɬɟɢɡɰɟɞɢɥɢɞɨɛɪɟɢɫɥɟɞɬɨɜɚɢɡɩɥɚɤɧɟɬɟɫɜɨɞɚ
ɍɉɅɔɌɇȿɇɂȿɇȺɉɊɈɁɈɊȿɐȺɇȺɎɍɊɇȺɌȺ
Ⱥɤɨ ɟ ɡɚɰɚɩɚɧɨ ɭɩɥɴɬɧɟɧɢɟɬɨ ɦɨɠɟ ɞɚ ɛɴɞɟ ɩɨɱɢɫɬɟɧɨ ɫ ɥɟɤɨ
ɧɚɜɥɚɠɧɟɧɚɝɴɛɚ
ɉɊɂɋɉɈɋɈȻɅȿɇɂə
ɉɨɱɢɫɬɜɚɣɬɟ ɩɪɢɫɩɨɫɨɛɥɟɧɢɹɬɚ ɫ ɦɨɤɪɚ ɧɚɫɚɩɭɧɢɫɚɧɚ ɝɴɛɚ
ɩɪɟɞɢɞɚɝɢɢɡɩɥɚɤɧɟɬɟɢɩɨɞɫɭɲɢɬɟɂɡɛɹɝɜɚɣɬɟɢɡɩɨɥɡɜɚɧɟɬɨɧɚ
ɚɛɪɚɡɢɜɧɢɩɪɟɩɚɪɚɬɢ
ɌȺȼȺɁȺɈɌɌɂɑȺɇȿ
ɋɥɟɞɤɚɬɨɢɡɩɨɥɡɜɚɬɟɝɪɢɥɚɫɜɚɥɟɬɟɬɚɜɚɬɚɨɬɮɭɪɧɚɬɚɂɡɫɢɩɟɬɟ
ɝɨɪɟɳɚɬɚɦɚɡɧɢɧɚɜɤɨɧɬɟɣɧɟɪɢɢɡɦɢɣɬɟɬɚɜɚɬɚɫɝɨɪɟɳɚɜɨɞɚ
ɤɚɬɨɢɡɩɨɥɡɜɚɬɟɝɴɛɚɢɬɟɱɧɨɫɬɡɚɩɨɱɢɫɬɜɚɧɟ
Ⱥɤɨ ɨɫɬɚɧɚɬ ɦɚɡɧɢ ɨɫɬɚɬɴɰɢ ɩɨɬɨɩɟɬɟ ɬɚɜɚɬɚ ɜɴɜ ɜɨɞɚ ɢ
ɞɟɬɟɪɝɟɧɬȾɪɭɝɚɜɴɡɦɨɠɧɨɫɬɟɞɚɢɡɦɢɟɬɟɬɚɜɚɬɚɜɫɴɞɨɦɢɹɥɧɚɬɚ
ɂɡɛɨɪɧɚɩɪɨɝɪɚɦɚɉɪɨɞɴɥɠɢɬɟɥɧɨɫɬɧɚɩɪɨɝɪɚɦɚɇɚɫɬɪɨɣɤɚɡɚɧɚɱɚɥɨɧɚɝɨɬɜɟɧɟɂɡɛɨɪɧɚɫɩɟɰɢɚɥɧɢ
ɪɟɰɟɩɬɢɈɮɥɚɣɧɢɝɥɚɫɨɜɚɫɢɫɬɟɧɬɋɴɜɟɬɢɩɪɟɞɥɨɠɟɧɢɹɢɨɧɥɚɣɧɪɴɤɨɜɨɞɫɬɜɨɡɚɩɨɬɪɟɛɢɬɟɥɹ
ϭ Ϯ
ϯ ϰ
ϲ
ϱ
ɎɍɇɄɐɂə:,),
ɁɚɜɫɢɱɤɢɩɨɞɪɨɛɧɨɫɬɢɫɜɴɪɡɚɧɢɫɜɪɴɡɤɚɬɚɦɟɠɞɭɩɪɢɥɨɠɟɧɢɟɬɨɢɩɪɨɞɭɤɬɚɜɢɠɬɟÄɊɴɤɨɜɨɞɫɬɜɨɬɨɡɚɛɴɪɡɫɬɚɪɬ³
ÄɊɴɤɨɜɨɞɫɬɜɨɬɨɡɚɛɴɪɡɫɬɚɪɬ³ɟɧɚɥɢɱɧɨɧɚJRFDQG\JURXSFRPFDQG\RY:L)Lɢɦɚɞɜɟɪɚɡɥɢɱɧɢɩɨɡɢɰɢɢɧɚɫɟɥɟɤɬɨɪɚɡɚ
ɝɨɬɜɟɧɟ
:L)LRQ:L)Lɜɤɥ:L)Lɫɟɜɤɥɸɱɜɚɫɚɦɨɚɤɨɮɭɪɧɚɬɚɜɟɱɟɟɞɨɛɚɜɟɧɚɜɫɩɢɫɴɤɚɧɚɭɫɬɪɨɣɫɬɜɨɬɨɜɢȼɬɚɡɢɩɨɡɢɰɢɹ
ɩɟɳɬɚɳɟɫɟɤɨɧɬɪɨɥɢɪɚɫɚɦɨɞɢɫɬɚɧɰɢɨɧɧɨ
:L)LUHVHWɇɭɥɢɪɚɧɟɧɚ:L)LɋɥɟɞɤɚɬɨɩɨɫɬɚɜɢɬɟɫɟɥɟɤɬɨɪɚɧɚɩɨɡɢɰɢɹÄ:L)LUHVHW³ɇɭɥɢɪɚɧɟɧɚ:L)Lɡɚ´
%OXHWRRWKɜɪɴɡɤɚɬɚɳɟɫɟɜɤɥɸɱɢɢɳɟɦɨɠɟɬɟɞɚɞɨɛɚɜɢɬɟɮɭɪɧɚɬɚɜɫɩɢɫɴɤɚɧɚɭɫɬɪɨɣɫɬɜɨɬɨɫɢɜɪɚɦɤɢɬɟɧɚ
Ⱥɤɨ ɞɨɛɚɜɹɧɟɬɨ ɜ ɫɩɢɫɴɤɚ ɟ ɭɫɩɟɲɧɨ ɮɭɪɧɚɬɚ ɳɟ ɦɨɠɟ ɞɚ ɫɟ ɭɩɪɚɜɥɹɜɚ ɞɢɫɬɚɧɰɢɨɧɧɨ ɢ ɢɤɨɧɚɬɚ :L )L ɳɟ ɫɜɟɬɧɟ
Ⱥɤɨɞɨɛɚɜɹɧɟɬɨɜɫɩɢɫɴɤɚɟɧɟɭɫɩɟɲɧɨɢɤɨɧɚɬɚ:L)Lɳɟɢɡɝɚɫɧɟɢɮɭɪɧɚɬɚɳɟɫɟɧɭɥɢɪɚ
ɁɚɞɚɩɪɨɞɴɥɠɢɬɟɫɧɨɜɨɞɨɛɚɜɹɧɟɜɫɩɢɫɴɤɚɫɟɥɟɤɬɨɪɴɬɡɚɩɪɨɝɪɚɦɚɡɚɝɨɬɜɟɧɟɬɪɹɛɜɚɞɚɫɟɩɪɟɦɟɫɬɢɨɬɩɨɡɢɰɢɹɬɚÄ:L)L
UHVHW³ɇɭɥɢɪɚɧɟɧɚ:L)Lɢɫɥɟɞɬɨɜɚɞɚɫɟɜɴɪɧɟɨɬɧɨɜɨɧɚɧɟɹ
Ɂɚɛɟɥɟɠɤɚɂɧɫɬɚɥɢɪɚɣɬɟɩɪɢɥɨɠɟɧɢɟɬɨɧɚɭɫɬɪɨɣɫɬɜɨɬɨɫɢɩɪɟɞɢɞɚɡɚɩɨɱɧɟɬɟɞɨɛɚɜɹɧɟɜɫɩɢɫɴɤɚ
Ɂɚɛɟɥɟɠɤɚɍɫɬɪɨɣɫɬɜɨɬɨɧɚɤɨɟɬɨɟɢɧɫɬɚɥɢɪɚɧɨɩɪɢɥɨɠɟɧɢɟɬɨɬɪɹɛɜɚɞɚɟɫɚɤɬɢɜɢɪɚɧ%OXHWRRWK
ɁɚɛɟɥɟɠɤɚɁɚɞɜɟɬɟ:L)Lɩɨɡɢɰɢɢɫɟɧɡɨɪɧɢɬɟɛɭɬɨɧɢɧɟɪɚɛɨɬɹɬ
Ɂɚɛɟɥɟɠɤɚȼɚɠɧɨɟɞɚɫɟɭɫɬɚɧɨɜɢɞɨɛɪɚɫɢɥɚɧɚ:L)LɫɢɝɧɚɥɚɦɟɠɞɭɞɨɦɚɲɧɢɹɪɭɬɟɪɢɭɪɟɞɚɄɨɝɚɬɨɮɭɪɧɚɬɚɫɟɨɩɢɬɜɚ
ɞɚɫɟɫɜɴɪɠɟɫɪɭɬɟɪɚɢɤɨɧɚɬɚɦɢɝɚ´ɡɚɜɤɥɸɱɟɧɨɢ´ɡɚɢɡɤɥɸɱɟɧɨɫɴɫɬɨɹɧɢɟɤɨɝɚɬɨɜɪɴɡɤɚɬɚɟɨɫɴɳɟɫɬɜɟɧɚɢɤɨɧɚɬɚ
ɫɜɟɬɢɩɨɫɬɨɹɧɧɨ
&$1'<6,03/<),
ɁɚɩɨɞɪɨɛɧɚɢɧɮɨɪɦɚɰɢɹɨɬɧɨɫɧɨɄȺɄȾȺɋȼɔɊɀȿɌȿɫɜɨɹɭɪɟɞVLPSO\)LɢɄȺɄȾȺɂɁɉɈɅɁȼȺɌȿ
ɫɜɨɹɭɪɟɞɩɨɧɚɣɞɨɛɪɢɹɧɚɱɢɧɩɨɫɟɬɟɬɟKWWSZZZFDQG\VLPSO\ILFRP
ɦɚɲɢɧɚ ɢɥɢ ɞɚ ɢɡɩɨɥɡɜɚɬɟ ɨɛɢɤɧɨɜɟɧ ɞɟɬɟɪɝɟɧɬ ɇɢɤɨɝɚ ɧɟ
ɩɨɫɬɚɜɹɣɬɟɦɪɴɫɧɚɬɚɜɚɨɛɪɚɬɧɨɜɴɜɮɭɪɧɚɬɚ
ɍɊȿȾɂ ɈɌ ɇȿɊɔɀȾȺȿɆȺ ɋɌɈɆȺɇȺ ɂɅɂ ȺɅɍɆɂɇɂȿȼɂ
ɍɊȿȾɂ
ɉɨɱɢɫɬɜɚɣɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚɫɚɦɨɫɜɥɚɠɧɚɤɴɪɩɚɢɥɢɝɴɛɚ
ɉɨɞɫɭɲɟɬɟɫɦɟɤɚɤɴɪɩɚ
ɇɟ ɢɡɩɨɥɡɜɚɣɬɟ ɫɬɨɦɚɧɟɧɚ ɜɴɥɧɚ ɤɢɫɟɥɢɧɢ ɢɥɢ ɚɛɪɚɡɢɜɧɢ
ɦɚɬɟɪɢɚɥɢ ɬɴɣ ɤɚɬɨ ɬɟ ɦɨɝɚɬ ɞɚ ɩɨɜɪɟɞɹɬ ɩɨɜɴɪɯɧɨɫɬɬɚ ɧɚ
ɮɭɪɧɚɬɚ ɉɨɱɢɫɬɟɬɟ ɤɨɧɬɪɨɥɧɢɹ ɩɚɧɟɥ ɧɚ ɮɭɪɧɚɬɚ
ɩɪɟɞɩɪɢɟɦɚɣɤɢɫɴɳɢɬɟɩɪɟɞɩɚɡɧɢɦɟɪɤɢ
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ɋɥɟɞɜɚɣɬɟɬɟɡɢɫɬɴɩɤɢɡɚɞɚɩɨɱɢɫɬɢɬɟɨɫɬɚɬɴɤɚɨɬɜɚɪɨɜɢɤɨɬ
ɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚ
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ɰɢɤɴɥɚɧɚɝɨɬɜɟɧɟɫɩɚɪɚ
ɂɡɫɢɩɟɬɟɦɥɛɹɥɨɰɟɬɜɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚ
ɁȺȻȿɅȿɀɄȺȼɢɞɨɰɟɬ
ɂɡɱɚɤɚɣɬɟɦɢɧɭɬɢɩɪɢɫɬɚɣɧɚɬɟɦɩɟɪɚɬɭɪɚ
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Ɋɚɡɜɢɣɬɟɛɨɥɬɚɜɩɨɫɨɤɚɨɛɪɚɬɧɚɧɚɱɚɫɨɜɧɢɤɨɜɚɬɚɫɬɪɟɥɤɚ
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ɋȼȺɅəɇȿɇȺɉɊɈɁɈɊȿɐȺɇȺɎɍɊɇȺɌȺ
Ɉɬɜɨɪɟɬɟɩɪɟɞɧɢɹɩɪɨɡɨɪɟɰ
Ɉɬɜɨɪɟɬɟ ɫɤɨɛɢɬɟ ɧɚ ɤɭɬɢɢɬɟ ɧɚ ɩɚɧɬɢɬɟ ɨɬ ɞɹɫɧɚɬɚ ɢ ɥɹɜɚɬɚ
ɫɬɪɚɧɚɧɚɩɪɟɞɧɢɹɩɪɨɡɨɪɟɰɤɚɬɨɝɨɧɚɬɢɫɧɟɬɟɧɚɞɨɥɭ
Ɂɚ ɞɚ ɩɨɫɬɚɜɢɬɟ ɩɪɨɡɨɪɟɰɚ ɨɛɪɚɬɧɨ ɢɡɩɴɥɧɟɬɟ ɩɪɨɰɟɞɭɪɚɬɚ ɜ
ɨɛɪɚɬɟɧɪɟɞ
ɋɆəɇȺɇȺɄɊɍɒɄȺɌȺ
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ɋɜɚɥɟɬɟɫɬɴɤɥɟɧɢɹɤɚɩɚɤɪɚɡɜɢɣɬɟɤɪɭɲɤɚɬɚɢɹɩɨɞɦɟɧɟɬɟɫɧɨɜɚɨɬɫɴɳɢɹɬɢɩ
ɋɥɟɞɤɚɬɨɩɨɞɦɟɧɢɬɟɢɡɝɨɪɹɥɚɬɚɤɪɭɲɤɚɩɨɫɬɚɜɟɬɟɨɛɪɚɬɧɨɫɬɴɤɥɟɧɢɹɤɚɩɚɤ
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ɧɟɨɛɯɨɞɢɦɢɧɚɫɬɪɨɣɤɢ
Ɏɭɪɧɚɬɚɧɟɡɚɝɪɹɜɚ
Ɏɭɪɧɚɬɚɧɟɡɚɝɪɹɜɚ
ɋɟɧɡɨɪɧɢɹɬɩɚɧɟɥɦɨɠɟɞɚɟ
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ɞɚɨɬɫɬɪɚɧɢɬɟɤɨɧɞɟɧɡɚɰɢɨɧɧɢɹ
ɋɟɧɡɨɪɧɢɹɬɩɚɧɟɥɧɟ
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İʌȐȞȦıIJȠIJȗȐȝȚIJȘȢʌȩȡIJĮȢǹȣIJȩİȓȞĮȚȑȞĮijȣıȚȠȜȠȖȚțȩijĮȚȞȩȝİȞȠīȚĮȞĮȝİȚȫıİIJİIJȠijĮȚȞȩȝİȞȠĮȣIJȩ
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ȜİʌIJȐ
ȆȇȅǼǿǻȅȆȅǿǾȈǾ Ș ıȣıțİȣȒ țĮȚ IJĮ ʌȡȠıȕȐıȚȝĮ IJȝȒȝĮIJĮ șİȡȝĮȓȞȠȞIJĮȚ ʌȠȜȪ țĮIJȐ IJȘȞ įȚȐȡțİȚĮ IJȘȢ
ȤȡȒıȘȢȆȡȠıȑȟIJİȞĮȝȘȞĮțȠȣȝʌȒıİIJİȠʌȠȚĮįȒʌȠIJİșİȡȝȐIJȝȒȝĮIJĮ
ȆȇȅǼǿǻȅȆȅǿǾȈǾIJĮʌȡȠıȕȐıȚȝĮIJȝȒȝĮIJĮȝʌȠȡİȓȞĮșİȡȝĮȞșȠȪȞʌȠȜȪȩIJĮȞȤȡȘıȚȝȠʌȠȚİȓIJĮȚIJȠȥȒıȚȝȠ
ıIJȘȞıȤȐȡĮȉĮʌĮȚįȚȐșĮʌȡȑʌİȚȞĮʌĮȡĮȝȑȞȠȣȞıİȝȓĮĮıijĮȜȒĮʌȩıIJĮıȘ
ȆȇȅǼǿǻȅȆȅǿǾȈǾıȚȖȠȣȡİȣIJİȓIJİȩIJȚȘıȣıțİȣȒİȓȞĮȚıȕȘıIJȒʌȡȚȞĮȞIJȚțĮIJĮıIJȒıİIJİIJȠȞȜĮȝʌIJȒȡĮȖȚĮȞĮ
ĮʌȠijȪȖİIJİIJȠİȞįİȤȩȝİȞȠȘȜİțIJȡȠʌȜȘȟȓĮȢ
ȆȇȅǼǿǻȅȆȅǿǾȈǾ ȖȚĮ ȞĮ ĮʌȠijȪȖİIJİ ȠʌȠȚȠįȒʌȠIJİ țȓȞįȣȞȠ ȝʌȠȡİȓ ȞĮ ʌȡȠțȜȘșİȓ Įʌȩ IJȘȞ ĮțȠȪıȚĮ
İʌĮȞĮijȠȡȐIJȘȢșİȡȝȚțȒȢĮıijȐȜİȚĮȢȘıȣıțİȣȒįİȞʌȡȑʌİȚȞĮIJȡȠijȠįȠIJİȓIJĮȚĮʌȩİȞȩȢİȟȦIJİȡȚțȩįȚĮțȩʌIJȘ
İȜȑȖȤȠȣ ȩʌȦȢ ȑȞĮȢ ȤȡȠȞȠįȚĮțȩʌIJȘȢ Ȓ ȞĮ ıȣȞįȑİIJĮȚ ıİ ȑȞĮ țȪțȜȦȝĮ IJȠ ȠʌȠȓȠ İȞİȡȖȠʌȠȚİȓIJĮȚ țĮȚ
ĮʌİȞİȡȖȠʌȠȚİȓIJĮȚIJĮțIJȚțȐ
ȉĮʌĮȚįȚȐțȐIJȦIJȦȞİIJȫȞșĮʌȡȑʌİȚȞĮʌĮȡĮȝȑȞȠȣȞıİȝȓĮĮıijĮȜȒĮʌȩıIJĮıȘĮʌȩIJȘȞıȣıțİȣȒİȐȞįİȞ
ȕȡȓıțȠȞIJĮȚȣʌȩıȣȞİȤȒİʌȓȕȜİȥȘ
ȉĮʌĮȚįȚȐįİȞșĮʌȡȑʌİȚȞĮʌĮȓȗȠȣȞȝİIJȘȞıȣıțİȣȒǾıȣıțİȣȒȝʌȠȡİȓȞĮȤȡȘıȚȝȠʌȠȚȘșİȓĮʌȩİțİȓȞȠȣȢʌȠȣ
ȑȤȠȣȞȘȜȚțȓĮİIJȫȞțĮȚȐȞȦțĮȚĮʌȩİțİȓȞȠȣȢʌȠȣȑȤȠȣȞȝİȚȦȝȑȞİȢıȦȝĮIJȚțȑȢĮȚıșȘIJȘȡȚĮțȑȢȒįȚĮȞȠȘIJȚțȑȢ
ȚțĮȞȩIJȘIJİȢȤȦȡȓȢİȝʌİȚȡȓĮȒȖȞȫıȘIJȠȣʌȡȠȧȩȞIJȠȢȝȩȞȠİȐȞİʌȚȕȜȑʌȠȞIJĮȚȒIJȠȣȢȑȤȠȣȞįȠșİȓȠįȘȖȓİȢıȤİIJȚțȐ
ȝİIJȘȞȜİȚIJȠȣȡȖȓĮIJȘȢıȣıțİȣȒȢȝİȑȞĮĮıijĮȜȒIJȡȩʌȠțĮȚȝİİʌȓȖȞȦıȘIJȦȞʌȚșĮȞȫȞțȚȞįȪȞȦȞ
ȅțĮșĮȡȚıȝȩȢțĮȚȘıȣȞIJȒȡȘıȘįİȞșĮʌȡȑʌİȚȞĮİțIJİȜİȓIJĮȚĮʌȩʌĮȚįȚȐȤȦȡȓȢİʌȓȕȜİȥȘ
ȂȘȞȤȡȘıȚȝȠʌȠȚİȓIJİȐȖȡȚĮȒȜİȚĮȞIJȚțȐȣȜȚțȐȒĮȚȤȝȘȡȑȢȝİIJĮȜȜȚțȑȢȟȪıIJȡİȢȖȚĮȞĮțĮșĮȡȓıİIJİIJĮIJȗȐȝȚĮIJȘȢ
ʌȩȡIJĮȢ IJȠȣ ijȠȪȡȞȠȣ ȖȚĮIJȓ ȝʌȠȡİȓ ȞĮ ȖȡĮIJȗȠȣȞȓıȠȣȞ IJȘȞ İʌȚijȐȞİȚĮ țĮȚ ȞĮ ʌȡȠțĮȜȑıȠȣȞ șȐȝʌȦȝĮ IJȠȣ
IJȗĮȝȚȠȪ
ȅijȠȪȡȞȠȢʌȡȑʌİȚȞĮȑȤİȚıȕȒıİȚ ʌȡȚȞȕȖȐȜİIJİIJĮ ĮijĮȚȡȠȪȝİȞĮ ȝȑȡȘțĮȚ ȝİIJȐ IJȠȞțĮșĮȡȚıȝȩ ȞĮ IJĮ
ıȣȞĮȡȝȠȜȠȖİȓIJİțĮȚʌȐȜȚıȪȝijȦȞĮȝİIJȚȢȠįȘȖȓİȢ
ȂȘȞȤȡȘıȚȝȠʌȠȚİȓIJİĮIJȝȠțĮșĮȡȚıIJȒ
ǺȐȜIJİIJȠijȚȢIJȘȢʌȡȓȗĮȢıİȝȓĮʌȡȓȗĮİijȠįȚĮıȝȑȞȘȝİIJȡȓIJȘİʌĮijȒȘȠʌȠȓĮĮȞIJȚıIJȠȚȤİȓȝİIJȘȞȖİȓȦıȘțĮȚȘ
ȠʌȠȓĮʌȡȑʌİȚȞĮİȓȞĮȚıȣȞįİįİȝȑȞȘțĮȚıİȜİȚIJȠȣȡȖȓĮīȚĮȝȠȞIJȑȜĮȤȦȡȓȢijȚȢʌȡȓȗĮȢIJȠʌȠșİIJȒıIJİȑȞĮıIJȐȞIJĮȡ
ijȚȢʌȡȓȗĮȢıIJȠțĮȜȫįȚȠIJȠȠʌȠȓȠȝʌȠȡİȓȞĮĮȞIJȑȟİȚIJȠijȠȡIJȓȠʌȠȣĮȞĮȖȡȐijİIJĮȚİʌȐȞȦıIJȘȞİIJȚțȑIJĮȅĮȖȦȖȩȢ
IJȘȢ ȖİȓȦıȘȢ ȑȤİȚ țȓIJȡȚȞȠʌȡȐıȚȞȠ ȤȡȫȝĮ ǹȣIJȒ Ș İȡȖĮıȓĮ șĮ ʌȡȑʌİȚ ȞĮ İțIJİȜİȓIJĮȚ Įʌȩ ʌȚıIJȠʌȠȚȘȝȑȞȠ
İʌĮȖȖİȜȝĮIJȓĮȈİʌİȡȓʌIJȦıȘĮıȣȝȕĮIJȩIJȘIJĮȢȝİIJĮȟȪIJȘȢʌȡȓȗĮȢțĮȚIJȠȣijȚȢIJȘȢʌȡȓȗĮȢIJȘȢıȣıțİȣȒȢȗȘIJȒıIJİ
ĮʌȩȑȞĮʌȚıIJȠʌȠȚȘȝȑȞȠȘȜİțIJȡȠȜȩȖȠȞĮĮȞIJȚțĮIJĮıIJȒıİȚIJȘȞʌȡȓȗĮȝİȝȓĮȐȜȜȘțĮIJȐȜȜȘȜȠȣIJȪʌȠȣǾıȪȞįİıȘ
ıIJȘȞ IJȡȠijȠįȠıȓĮIJȠȣȡİȪȝĮIJȠȢȝʌȠȡİȓİʌȓıȘȢȞĮȖȓȞİȚIJȠʌȠșİIJȫȞIJĮȢȑȞĮĮıijĮȜİȚȠįȚĮțȩʌIJȘȝİIJĮȟȪIJȘȢ
ıȣıțİȣȒȢțĮȚIJȘȢIJȡȠijȠįȠıȓĮȢIJȠȣȡİȪȝĮIJȠȢȠȠʌȠȓȠȢȞĮȝʌȠȡİȓȞĮĮȞIJȑȟİȚIJȠȝȑȖȚıIJȠıȣȞįİįİȝȑȞȠijȠȡIJȓȠ
țĮȚȞĮİȓȞĮȚıȪȝijȦȞȠȢȝİIJȘȞȚıȤȪȠȣıĮȞȠȝȠșİıȓĮȉȠțȓIJȡȚȞȠʌȡȐıȚȞȠțĮȜȫįȚȠIJȘȢȖİȓȦıȘȢįİȞʌȡȑʌİȚȞĮ
įȚĮțȩʌIJİIJĮȚ Įʌȩ IJȠȞ ĮıijĮȜİȚȠįȚĮțȩʌIJȘ Ǿ ʌȡȓȗĮ Ȓ Ƞ ĮıijĮȜİȚȠįȚĮțȩʌIJȘȢ ʌȠȣ ȤȡȘıȚȝȠʌȠȚİȓIJĮȚ ȖȚĮ IJȘȞ
ıȪȞįİıȘșĮʌȡȑʌİȚȞĮİȓȞĮȚİȪțȠȜĮʌȡȠıȕȐıȚȝȠȢȩIJĮȞȑȤİȚIJȠʌȠșİIJȘșİȓȘıȣıțİȣȒıIJȘȞșȑıȘIJȘȢ
ǼȐȞȑȤİȚʌȐșİȚȗȘȝȚȐIJȠțĮȜȫįȚȠIJȡȠijȠįȠıȓĮȢIJȠȣȡİȪȝĮIJȠȢșĮʌȡȑʌİȚȞĮĮȞIJȚțĮșȓıIJĮIJĮȚȝİȑȞĮțĮȜȫįȚȠȒ
ȝȓĮ İȚįȚțȒ įȑıȝȘ įȚĮșȑıȚȝȘ Įʌȩ IJȠȞ țĮIJĮıțİȣĮıIJȒ Ȓ İʌȚțȠȚȞȦȞȫȞIJĮȢ ȝİ IJȘȞ ȣʌȘȡİıȓĮ IJİȤȞȚțȒȢ
İȟȣʌȘȡȑIJȘıȘȢ
ǼȐȞȑȤİȚʌȐșİȚȗȘȝȚȐIJȠțĮȜȫįȚȠIJȡȠijȠįȠıȓĮȢĮȞIJȚțĮIJĮıIJȒıIJİIJȠȐȝİıĮıȪȝijȦȞĮȝİIJȚȢĮțȩȜȠȣșİȢȠįȘȖȓİȢ
ĮȞȠȓȟIJİIJȠțȐȜȣȝȝĮIJȠȣȝʌȜȠțIJȦȞĮțȡȠįİțIJȫȞ
ĮijĮȚȡȑıIJİIJȠțĮȜȫįȚȠIJȡȠijȠįȠıȓĮȢIJȠȣȡİȪȝĮIJȠȢțĮȚĮȞIJȚțĮIJĮıIJȒıIJİIJȠȝİȑȞĮʌĮȡȩȝȠȚȠțĮȜȫįȚȠIJȠȠʌȠȓȠ
İȓȞĮȚıȣȝȕĮIJȩȝİIJȘȞıȣıțİȣȒIJȪʌȠȢ+99)+99)
ǹȣIJȒȘİȡȖĮıȓĮșĮʌȡȑʌİȚȞĮİțIJİȜİȓIJĮȚĮʌȩʌȚıIJȠʌȠȚȘȝȑȞȠİʌĮȖȖİȜȝĮIJȓĮȅĮȖȦȖȩȢIJȘȢȖİȓȦıȘȢțȓIJȡȚȞȠ
ʌȡȐıȚȞȠʌȡȑʌİȚȞĮİȓȞĮȚȝĮțȡȪIJİȡȠȢțĮIJȐʌİȡȓʌȠȣPPĮʌȩIJȠȣȢȐȜȜȠȣȢĮȖȦȖȠȪȢīȚĮȠʌȠȚİıįȒʌȠIJİ
İʌȚıțİȣȑȢ ıȣȝȕȠȣȜİȣșİȓIJİ ȝȩȞȠ IJȠ IJȝȒȝĮ İȟȣʌȘȡȑIJȘıȘȢ ʌİȜĮIJȫȞ țĮȚ ȗȘIJȒıIJİ IJȘȞ ȤȡȒıȘ ȖȞȒıȚȦȞ
ĮȞIJĮȜȜĮțIJȚțȫȞ
ǾĮįȣȞĮȝȓĮıȣȝȝȩȡijȦıȘȢȝİIJĮĮȞȦIJȑȡȦȝʌȠȡİȓȞĮșȑıİȚıİțȓȞįȣȞȠIJȘȞĮıijȐȜİȚĮIJȘȢıȣıțİȣȒȢțĮȚȞĮ
ĮțȣȡȫıİȚIJȘȞİȖȖȪȘıȘ
ȅʌȠȚȠįȒʌȠIJİȣȜȚțȩʌȠȣȑȤİȚȤȣșİȓțĮȚʌİȡȚııİȪİȚșĮʌȡȑʌİȚȞĮĮijĮȚȡİȓIJĮȚʌȡȚȞĮʌȩIJȠȞțĮșĮȡȚıȝȩ
ȂȓĮʌĮȡĮIJİIJĮȝȑȞȘįȚĮțȠʌȒIJȘȢIJȡȠijȠįȠıȓĮȢIJȠȣȡİȪȝĮIJȠȢʌȠȣİȝijĮȞȓȗİIJĮȚțĮIJȐIJȘįȚȐȡțİȚĮIJȘȢijȐıȘȢ
ȝĮȖİȚȡȑȝĮIJȠȢȝʌȠȡİȓȞĮʌȡȠțĮȜȑıİȚįȣıȜİȚIJȠȣȡȖȓĮIJȘȢȠșȩȞȘȢȈİĮȣIJȒIJȘȞʌİȡȓʌIJȦıȘİʌȚțȠȚȞȦȞȒıIJİȝİIJȘȞ
ȣʌȘȡİıȓĮİȟȣʌȘȡȑIJȘıȘȢʌİȜĮIJȫȞ
ȆȇȅǼǿǻȅȆȅǿǾȈǾȀȓȞįȣȞȠȢİȖțĮȣȝȐIJȦȞțĮȚʌȡȩțȜȘıȘȢȗȘȝȚȐȢıIJȘıȣıțİȣȒ
ȋȡȒıȘIJȘȢȜİȚIJȠȣȡȖȓĮȢĮIJȝȠȪ
ȅ ĮIJȝȩȢ ʌȠȣ ĮʌİȜİȣșİȡȫȞİIJĮȚ ȝʌȠȡİȓ ȞĮ ʌȡȠțĮȜȑıİȚ İȖțĮȪȝĮIJĮ ȂİIJȐ IJȘ ȤȡȒıȘ IJȘȢ ȜİȚIJȠȣȡȖȓĮȢ
ȝĮȖİȚȡȑȝĮIJȠȢȝİĮIJȝȩĮȞȠȓȖİIJİʌȡȠıİțIJȚțȐIJȘȞʌȩȡIJĮȫıIJİȞĮĮʌȠijȪȖİIJİțȐʌȠȚȠȞIJȡĮȣȝĮIJȚıȝȩ
ȆȇȅȈȅȋǾȀĮIJȐIJȘįȚȐȡțİȚĮIJȠȣȝĮȖİȚȡȑȝĮIJȠȢȒȩIJĮȞȠijȠȪȡȞȠȢİȓȞĮȚȗİıIJȩȢȝȘȞȖİȝȓȗİIJİIJȠțȐIJȦȝȑȡȠȢ
IJȘȢțȠȚȜȩIJȘIJĮȢȝİȞİȡȩ
ǻİȞĮʌĮȚIJİȓIJĮȚʌİȡĮȚIJȑȡȦȤİȚȡȚıȝȩȢȡȣșȝȓıİȚȢȖȚĮIJȘȜİȚIJȠȣȡȖȓĮIJȘȢıȣıțİȣȒȢıIJȚȢȠȞȠȝĮıIJȚțȑȢıȣȤȞȩIJȘIJİȢ
ǼȞįİȓȟİȚȢĮıijĮȜİȓĮȢ
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ȀĮșĮȡȚıȝȩȢțĮȚıȣȞIJȒȡȘıȘijȠȪȡȞȠȣ
īİȞȚțȑȢȠįȘȖȓİȢ
ǼȞįİȓȟİȚȢĮıijĮȜİȓĮȢ
ǾȜİțIJȡȚțȒĮıijȐȜİȚĮ
ȊʌȠįİȓȟİȚȢ
ȼɫɬɚɧɨɜɥɟɧɧɹ
ǻȚĮȤİȓȡȚıȘĮʌȠȡȡȚȝȐIJȦȞțĮȚʌȡȠıIJĮıȓĮIJȠȣ
ʌİȡȚȕȐȜȜȠȞIJȠȢ
Ⱦɟɤɥɚɪɚɰɿɹɜɿɞɩɨɜɿɞɧɨɫɬɿ
ǼʌȚıțȩʌȘıȘ
ǹȟİıȠȣȐȡĮȞȐȜȠȖĮȝİIJȠȝȠȞIJȑȜȠ
ȋȡȒıȘȖȚĮʌȡȫIJȘijȠȡȐ
ȆİȡȚȖȡĮijȒIJȠȣʌȡȠȧȩȞIJȠȢ
ȆİȡȚȖȡĮijȒʌȓȞĮțĮİȜȑȖȤȠȣ
ȉȡȩʌȠȚȜİȚIJȠȣȡȖȓĮȢȥȘıȓȝĮIJȠȢ
ȋȡȒıȘIJȘȢȜİȚIJȠȣȡȖȓĮȢĮIJȝȠȪ
ȋȡȒıȘIJȠȣijȠȪȡȞȠȣ
īİȞȚțȑȢȠįȘȖȓİȢȖȚĮIJȠȞțĮșĮȡȚıȝȩ
ȁİȚIJȠȣȡȖȓĮ$TXDFWLYD
ȈȣȞIJȒȡȘıȘ
ǹijĮȓȡİıȘțĮȚțĮșĮȡȚıȝȩȢIJȦȞȖțȡȚȜ
ǹijĮȚȡİıȘIJȠȣʌĮȡĮșȣȡȠȣIJȠȣijȠȣȡȞȠȣ
ȀĮșĮȡȚıȝȠıȝȠȞȠIJȠȣİıȦIJİȡȚțȠȣIJȗĮȝȚȠȣIJȘı
ʌȠȡIJĮı
ǹȞIJȚțĮIJĮıIJĮıȘIJȠȣȜĮȝʌIJȘȡĮ
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ǹȞIJȚȝİIJȫʌȚıȘʌȡȠȕȜȘȝȐIJȦȞ
Ɂɦɿɫɬ
*5
ȈĮȢİȣȤĮȡȚıIJȠȪȝİʌȠȣİʌȚȜȑȟĮIJİȑȞĮĮʌȩIJĮʌȡȠȧȩȞIJĮȝĮȢīȚĮȞĮȑȤİIJİIJĮțĮȜȪIJİȡĮĮʌȠIJİȜȑıȝĮIJĮȝİIJȠȞ
ijȠȪȡȞȠıĮȢșĮʌȡȑʌİȚȞĮįȚĮȕȐıİIJİʌȡȠıİțIJȚțȐĮȣIJȩIJȠİȖȤİȚȡȓįȚȠȠįȘȖȚȫȞȤȡȒıȘȢțĮȚȞĮIJȠijȣȜȐȟİIJİ
ȖȚĮȝİȜȜȠȞIJȚțȒĮȞĮijȠȡȐȆȡȚȞIJȠʌȠșİIJȒıİIJİIJȠȞijȠȪȡȞȠıȘȝİȚȫıIJİIJȠȞıİȚȡȚĮțȩĮȡȚșȝȩȑIJıȚȫıIJİȞĮ
ȝʌȠȡİȓIJİȞĮIJȠȞįȫıİIJİıIJȠʌȡȠıȦʌȚțȩIJȘȢȣʌȘȡİıȓĮȢİȟȣʌȘȡȑIJȘıȘȢʌİȜĮIJȫȞİȐȞʌȡȑʌİȚȞĮȖȓȞİȚȝȓĮ
İʌȚıțİȣȒǹijȠȪȑȤİIJİĮijĮȚȡȑıİȚ
IJȠȞijȠȪȡȞȠĮʌȩIJȘȞıȣıțİȣĮıȓĮIJȠȣİȜȑȖȟIJİȩIJȚįİȞȑȤİȚʌȐșİȚȗȘȝȚȐțĮIJȐIJȘȞįȚȐȡțİȚĮIJȘȢȝİIJĮijȠȡȐȢ
ǼȐȞ ȑȤİIJİ ȠʌȠȚĮįȒʌȠIJİ ĮȝijȚȕȠȜȓĮ ȝȘȞ ȤȡȘıȚȝȠʌȠȚȒıİIJİ IJȠȞ ijȠȪȡȞȠ țĮȚ İʌȚțȠȚȞȦȞȒıIJİ ȝİ ȑȞĮ
ʌȚıIJȠʌȠȚȘȝȑȞȠIJİȤȞȚțȩȖȚĮıȣȝȕȠȣȜȑȢȀȡĮIJȒıIJİȩȜĮIJĮȣȜȚțȐIJȘȢıȣıțİȣĮıȓĮȢʌȜĮıIJȚțȑȢıĮțȠȪȜİȢ
ʌȠȜȣıIJİȡȓȞİȢțĮȡijȚȐȝĮțȡȚȐĮʌȩʌĮȚįȚȐǵIJĮȞĮȞȐȕİȚȠijȠȪȡȞȠȢȖȚĮʌȡȫIJȘijȠȡȐȝʌȠȡİȓȞĮİȝijĮȞȚıIJİȓ
ȑȞIJȠȞȠȢțĮʌȞȩȢȝĮȗȓȝİȝȣȡȦįȚȐȠȠʌȠȓȠȢʌȡȠțĮȜİȓIJĮȚĮʌȩIJȘȞțȩȜȜĮʌȠȣȣʌȐȡȤİȚİʌȐȞȦıIJĮȝȠȞȦIJȚțȐ
ʌȜĮȓıȚĮ ʌȠȣ ʌİȡȚȕȐȜȠȣȞ IJȠȞ ijȠȪȡȞȠ IJĮ ȠʌȠȓĮ șİȡȝĮȓȞȠȞIJĮȚ ȖȚĮ ʌȡȫIJȘ ijȠȡȐǹȣIJȩ İȓȞĮȚ ĮʌȠȜȪIJȦȢ
ijȣıȚȠȜȠȖȚțȩ țĮȚ İȐȞ İȝijĮȞȚıIJİȓ șĮ ʌȡȑʌİȚ ȞĮ ʌİȡȚȝȑȞİIJİ ȞĮ įȚĮȜȣșİȓ Ƞ țĮʌȞȩȢ ʌȡȚȞ IJȠʌȠșİIJȒıİIJİ
ijĮȖȘIJȩȝȑıĮıIJȠȞijȠȪȡȞȠȅțĮIJĮıțİȣĮıIJȒȢįİȞijȑȡİȚțĮȝȓĮĮʌȠȜȪIJȦȢİȣșȪȞȘıİʌİȡȓʌIJȦıȘʌȠȣįİȞ
IJȘȡȠȪȞIJĮȚȠȚȠįȘȖȓİȢʌȠȣʌİȡȚȑȤȠȞIJĮȚıİĮȣIJȩIJȠȑȖȖȡĮijȠ
ȈǾȂǼǿȍȈǾȠȚȜİȚIJȠȣȡȖȓİȢIJȠȣijȠȪȡȞȠȣȠȚȚįȚȩIJȘIJİȢțĮȚIJĮĮȟİıȠȣȐȡʌȠȣʌİȡȚȖȡȐijȠȞIJĮȚıİĮȣIJȩIJȠİȖȤİȚȡȓįȚȠșĮįȚĮijȑȡȠȣȞĮȞȐȜȠȖĮȝİIJȠȝȠȞIJȑȜȠʌȠȣ
ȑȤİIJİĮȖȠȡȐıİȚ
īİȞȚțȑȢȠįȘȖȓİȢ
ǼȞįİȓȟİȚȢĮıijĮȜİȓĮȢ
ȼɢɤɨɪɢɫɬɨɜɭɣɬɟ ɞɭɯɨɜɤɭ ɥɢɲɟ ɡɚ ɩɪɢɡɧɚɱɟɧɧɹɦ ɚ ɫɚɦɟ ɞɥɹ
ɩɪɢɝɨɬɭɜɚɧɧɹ ʀɠɿ Ȼɭɞɶɹɤɟ ɿɧɲɟ ɜɢɤɨɪɢɫɬɚɧɧɹ ɧɚɩɪɢɤɥɚɞ ɹɤ
ɞɠɟɪɟɥɚ ɬɟɩɥɚ ɽ ɧɟɩɪɚɜɢɥɶɧɢɦ ɬɚ ɜɿɞɩɨɜɿɞɧɨ ɧɟɛɟɡɩɟɱɧɢɦ
ȼɢɪɨɛɧɢɤ ɧɟ ɧɟɫɟ ɜɿɞɩɨɜɿɞɚɥɶɧɨɫɬɿ ɡɚ ɛɭɞɶɹɤɭ ɲɤɨɞɭ ɡɚɩɨɞɿɹɧɭ
ɜɧɚɫɥɿɞɨɤ ɧɟɩɪɚɜɢɥɶɧɨɝɨ ɧɟɜɿɞɩɨɜɿɞɧɨɝɨ ɱɢ ɧɟɪɨɡɭɦɧɨɝɨ
ɜɢɤɨɪɢɫɬɚɧɧɹɩɪɢɥɚɞɭ
ȼɢɤɨɪɢɫɬɚɧɧɹ ɛɭɞɶɹɤɨɝɨ ɟɥɟɤɬɪɢɱɧɨɝɨ ɩɪɢɥɚɞɭ ɩɟɪɟɞɛɚɱɚɽ
ɞɨɬɪɢɦɚɧɧɹɞɟɹɤɢɯɮɭɧɞɚɦɟɧɬɚɥɶɧɢɯɩɪɚɜɢɥ
ɧɟɬɹɝɧɿɬɶɤɚɛɟɥɶɠɢɜɥɟɧɧɹɳɨɛɜɢɬɹɝɧɭɬɢɜɢɥɤɭɡɪɨɡɟɬɤɢ
ɧɟɬɨɪɤɚɣɬɟɫɹɩɪɢɥɚɞɭɜɨɥɨɝɢɦɢɱɢɦɨɤɪɢɦɢɪɭɤɚɦɢɚɛɨɧɨɝɚɦɢ
ɹɤ ɩɪɚɜɢɥɨ ɧɟ ɪɟɤɨɦɟɧɞɭɽɬɶɫɹ ɜɢɤɨɪɢɫɬɨɜɭɜɚɬɢ ɚɞɚɩɬɟɪɢ
ɪɨɡɝɚɥɭɠɭɜɚɱɿɬɚɩɪɨɞɨɜɠɭɜɚɱɿ
ɭɜɢɩɚɞɤɭɧɟɫɩɪɚɜɧɨɫɬɿɬɚɱɢɧɟɜɿɞɩɨɜɿɞɧɨʀɪɨɛɨɬɢɜɢɦɤɧɿɬɶɩɪɢɥɚɞɿ
ɧɟɧɚɦɚɝɚɣɬɟɫɹɜɿɞɪɟɦɨɧɬɭɜɚɬɢɣɨɝɨ
ǾȜİțIJȡȚțȒĮıijȐȜİȚĮ
ȈǿīȅȊȇǼȊȉǼǿȉǼȅȉǿ ȅȁǼȈȅǿǾȁǼȀȉȇǿȀǼȈ ȈȊȃǻǼȈǼǿȈ īǿȃȅȃȉǹǿ
ǹȆȅǼȃǹǾȁǼȀȉȇȅȁȅīȅdzȆǿȈȉȅȆȅǿǾȂǼȃȅȉǼȋȃǿȀȅ
ȉȠ țĮȜȫįȚȠIJȡȠijȠįȠıȓĮȢȝİIJȠ ȠʌȠȓȠıȣȞįȑİIJĮȚȠ ijȠȪȡȞȠȢ ʌȡȑʌİȚȞĮ
ʌȜȘȡȠȓ IJȚȢ ʌȡȠȨʌȠșȑıİȚȢ IJȘȢ ȚıȤȪȠȣıĮȢ ȞȠȝȠșİıȓĮȢ ıIJȘȞ ȤȫȡĮ
IJȠʌȠșȑIJȘıȘȢȅțĮIJĮıțİȣĮıIJȒȢįİȞijȑȡİȚțĮȝȓĮĮʌȠȜȪIJȦȢİȣșȪȞȘȖȚĮ
IJȣȤȩȞȗȘȝȚȐʌȠȣȑȤİȚʌȡȠțȜȘșİȓĮʌȩȝȘIJȒȡȘıȘĮȣIJȫȞIJȦȞȠįȘȖȚȫȞȅ
ijȠȪȡȞȠȢ ʌȡȑʌİȚ ȞĮ İȓȞĮȚ ıȣȞįİįİȝȑȞȠȢ ıİ ȝȓĮ ʌĮȡȠȤȒ ȘȜİțIJȡȚțȠȪ
ȡİȪȝĮIJȠȢȝİȖİȚȦȝȑȞȘʌȡȓȗĮIJȠȓȤȠȣȒȑȞĮʌȠȜȜĮʌȜȩĮıijĮȜİȚȠįȚĮțȩʌIJȘ
ĮȞȐȜȠȖĮ ȝİ IJȘȞ ȚıȤȪȠȣıĮ ȞȠȝȠșİıȓĮ ıIJȘȞ ȤȫȡĮ IJȠʌȠșȑIJȘıȘȢ Ǿ
IJȡȠijȠįȠıȓĮ IJȠȣ ȘȜİțIJȡȚțȠȪ ȡİȪȝĮIJȠȢ șĮ ʌȡȑʌİȚ ȞĮ ʌȡȠıIJĮIJİȪİIJĮȚ ȝİ
țĮIJȐȜȜȘȜİȢĮıijȐȜİȚİȢțĮȚIJĮțĮȜȫįȚĮʌȠȣȤȡȘıȚȝȠʌȠȚȠȪȞIJĮȚʌȡȑʌİȚȞĮ
ȑȤȠȣȞįȚĮIJȠȝȒȘȠʌȠȓĮȞĮİȖȖȣȐIJĮȚIJȘȞıȦıIJȒIJȡȠijȠįȠıȓĮIJȠȣijȠȪȡȞȠȣ
ȈȊȃǻǼȈǾ
ȅ ijȠȪȡȞȠȢ IJȡȠijȠįȠIJİȓIJĮȚ ȝİ ȑȞĮ țĮȜȫįȚȠ IJȡȠijȠįȠıȓĮȢ IJȠ ȠʌȠȓȠ șĮ
ʌȡȑʌİȚȞĮİȓȞĮȚıȣȞįİįİȝȑȞȠȝȩȞȠȝİȝȓĮʌĮȡȠȤȒȘȜİțIJȡȚțȠȪȡİȪȝĮIJȠȢȝİ
9DF +] ȝİIJĮȟȪ IJȦȞ ijȐıİȦȞ Ȓ ȝİIJĮȟȪ IJȘȢ ijȐıȘȢ țĮȚ IJȠȣ
ȠȣįȑIJİȡȠȣȆȡȚȞıȣȞįİșİȓȠijȠȪȡȞȠȢȝİIJȘȞʌĮȡȠȤȒȘȜİțIJȡȚțȠȪȡİȪȝĮIJȠȢ
İȓȞĮȚıȘȝĮȞIJȚțȩȞĮİȜȑȖȟİIJİ
IJȘȞIJȐıȘʌȠȣȣʌȠįİȚțȞȪİIJĮȚİʌȐȞȦıIJȠȩȡȖĮȞȠȝȑIJȡȘıȘȢ
IJȘȞȡȪșȝȚıȘIJȠȣĮıijĮȜİȚȠįȚĮțȩʌIJȘ
ȉȠ țĮȜȫįȚȠ IJȘȢ ȖİȓȦıȘȢ ʌȠȣ ıȣȞįȑİIJĮȚ ıIJȠȞ ĮțȡȠįȑțIJȘ ȖİȓȦıȘȢ IJȠȣ
ijȠȪȡȞȠȣʌȡȑʌİȚȞĮİȓȞĮȚıȣȞįİįİȝȑȞȠȝİIJȠȞĮțȡȠįȑțIJȘIJȘȢȖİȓȦıȘȢIJȘȢ
ʌĮȡȠȤȒȢȘȜİțIJȡȚțȠȪȡİȪȝĮIJȠȢ
ȆȇȅǼǿǻȅȆȅǿǾȈǾ
ȆȡȚȞıȣȞįȑıİIJİIJȠȞijȠȪȡȞȠȝİIJȘȞʌĮȡȠȤȒȘȜİțIJȡȚțȠȪȡİȪȝĮIJȠȢȗȘIJȒıIJİ
Įʌȩ ȑȞĮ ʌȚıIJȠʌȠȚȘȝȑȞȠ ȘȜİțIJȡȠȜȩȖȠ ȞĮ İȜȑȖȟİȚ IJȘȞ ıȣȞȑȤİȚĮ IJȠȣ
ĮțȡȠįȑțIJȘ IJȘȢ ȖİȓȦıȘȢ IJȘȢ ʌĮȡȠȤȒȢ ȘȜİțIJȡȚțȠȪ ȡİȪȝĮIJȠȢ ȅ
țĮIJĮıțİȣĮıIJȒȢįİȞijȑȡİȚțĮȝȓĮĮʌȠȜȪIJȦȢİȣșȪȞȘȖȚĮIJȣȤȩȞĮIJȣȤȒȝĮIJĮȒ
ȐȜȜĮʌȡȠȕȜȒȝĮIJĮʌȡȠțȜȘșȠȪȞĮʌȩIJȘȞĮȝȑȜİȚĮıȪȞįİıȘȢIJȠȣijȠȪȡȞȠȣ
ȝİIJȠȞĮțȡȠįȑțIJȘIJȘȢȖİȓȦıȘȢȒĮʌȩȝȓĮıȪȞįİıȘȝİIJȘȞȖİȓȦıȘȘȠʌȠȓĮ
ȑȤİȚİȜĮIJIJȦȝĮIJȚțȒıȣȞȑȤİȚĮ
ȈǾȂǼǿȍȈǾȜȩȖȦIJȠȣȩIJȚȠijȠȪȡȞȠȢȝʌȠȡİȓȞĮʌȡȠȨʌȠșȑIJİȚȜİȚIJȠȣȡȖȓĮ
ıȣȞIJȒȡȘıȘȢțĮȜȩİȓȞĮȚȞĮįȚĮIJȘȡİȓIJİįȚĮșȑıȚȝȘȐȜȜȘȝȓĮʌȡȓȗĮIJȠȓȤȠȣȑIJıȚ
ȫıIJİȞĮȝʌȠȡİȓȞĮıȣȞįİșİȓıİĮȣIJȒȞȠijȠȪȡȞȠȢİȐȞĮijĮȚȡİșİȓĮʌȩIJȠȞ
ȤȫȡȠıIJȠȞȠʌȠȓȠİȓȞĮȚIJȠʌȠșİIJȘȝȑȞȠȢȉȠțĮȜȫįȚȠIJȡȠijȠįȠıȓĮȢʌȡȑʌİȚ
ȞĮĮȞIJȚțĮșȓıIJĮIJĮȚȝȩȞȠĮʌȩʌȡȠıȦʌȚțȩIJȘȢIJİȤȞȚțȒȢȣʌȘȡİıȓĮȢȒĮʌȩ
IJİȤȞȚțȠȪȢȝİĮȞIJȓıIJȠȚȤİȢʌȚıIJȠʌȠȚȒıİȚȢ
ǵIJĮȞİȓȞĮȚıȕȘıIJȩȢȠijȠȪȡȞȠȢȝʌȠȡİȓȞĮȣʌȐȡȤİȚȑȞĮĮıșİȞȑȢijȦȢȖȪȡȦ
Įʌȩ IJȠȞ țİȞIJȡȚțȩ țȪȡȚȠ įȚĮțȩʌIJȘ ǹȣIJȩ İȓȞĮȚ ĮʌȩȜȣIJĮ ijȣıȚȠȜȠȖȚțȩ
ȂʌȠȡİȓȞĮıȕȒıİȚĮʌȜȐȖȣȡȓȗȠȞIJĮȢĮȞȐʌȠįĮIJȘȞʌȡȓȗĮIJȘȢıȣıțİȣȒȢȒ
ĮȜȜȐȗȠȞIJĮȢșȑıȘȝİIJĮȟȪIJȦȞĮțȡȠįİțIJȫȞIJȡȠijȠįȠıȓĮȢ
ȊʌȠįİȓȟİȚȢ
ȂİIJȐ Įʌȩ țȐșİ ȤȡȒıȘ IJȠȣ ijȠȪȡȞȠȣ ȑȞĮȢ İȜȐȤȚıIJȠȢ țĮșĮȡȚıȝȩȢ șĮ
įȚĮIJȘȡȒıİȚIJȠȞijȠȪȡȞȠİȞIJİȜȫȢțĮșĮȡȩ
ȂȘȞ ıțİʌȐȗİIJİ IJĮ IJȠȚȤȫȝĮIJĮ IJȠȣ ijȠȪȡȞȠȣ ȝİ ĮȜȠȣȝȚȞȩȤĮȡIJȠ Ȓ
ʌȡȠıIJĮIJİȣIJȚțȐ ȝȓĮȢ ȤȡȒıȘȢ ʌȠȣ įȚĮIJȓșİȞIJĮȚ Įʌȩ IJĮ țĮIJĮıIJȒȝĮIJĮ ȉȠ
ĮȜȠȣȝȚȞȩȤĮȡIJȠȒȠʌȠȚȠįȒʌȠIJİȐȜȜȠʌȡȠıIJĮIJİȣIJȚțȩȩIJĮȞİȓȞĮȚıİȐȝİıȘ
ȼɫɬɚɧɨɜɥɟɧɧɹ
ȅțĮIJĮıțİȣĮıIJȒȢįİȞȑȤİȚțĮȝȓĮȣʌȠȤȡȑȦıȘȞĮțȐȞİȚIJȘȞIJȠʌȠșȑIJȘıȘ
ǼȐȞȤȡİȚȐȗİIJĮȚȘʌĮȡȠȤȒȣʌȠıIJȒȡȚȟȘȢIJȠȣțĮIJĮıțİȣĮıIJȒȖȚĮIJȘȞİʌȚıțİȣȒ
ȕȜĮȕȫȞ ʌȠȣ ȑȤȠȣȞ ʌȡȠțȪȥİȚ Įʌȩ ȜĮȞșĮıȝȑȞȘ IJȠʌȠșȑIJȘıȘ ĮȣIJȒ Ș
ʌĮȡȠȤȒ ȣʌȠıIJȒȡȚȟȘȢ įİȞ țĮȜȪʌIJİIJĮȚ Įʌȩ IJȘȞ İȖȖȪȘıȘ ȆȡȑʌİȚ ȞĮ
ĮțȠȜȠȣșȠȪȞIJĮȚȠȚȠįȘȖȓİȢIJȠʌȠșȑIJȘıȘȢȖȚĮʌȚıIJȠʌȠȚȘȝȑȞȠİʌĮȖȖİȜȝĮIJȓĮ
ǾȜĮȞșĮıȝȑȞȘIJȠʌȠșȑIJȘıȘȝʌȠȡİȓȞĮʌȡȠțĮȜȑıİȚȕȜȐȕȘȒIJȡĮȣȝĮIJȚıȝȩ
ıİ ĮȞșȡȫʌȠȣȢ ȗȫĮ Ȓ ĮȞIJȚțİȓȝİȞĮ ȅ țĮIJĮıțİȣĮıIJȒȢ įİȞ ȝʌȠȡİȓ ȞĮ
șİȦȡȘșİȓȣʌȩȜȠȖȠȢȖȚĮIJȑIJȠȚİȢȕȜȐȕİȢȒIJȡĮȣȝĮIJȚıȝȠȪȢ
ȅijȠȪȡȞȠȢȝʌȠȡİȓȞĮȕȡȓıțİIJĮȚȝȩȞȠȥȘȜȐıİȝȓĮıIJȒȜȘȆȡȚȞĮʌȩIJȘȞ
ıIJȒȡȚȟȘIJȠȣʌȡȑʌİȚȞĮıȚȖȠȣȡİȣIJİȓIJİȩIJȚȣʌȐȡȤİȚțĮȜȩȢİȟĮİȡȚıȝȩȢıIJȠȞ
ȤȫȡȠIJȠȣijȠȪȡȞȠȣʌȠȣșĮİʌȚIJȡȑȥİȚIJȘȞıȦıIJȒțȣțȜȠijȠȡȓĮIJȠȣĮȑȡĮʌȠȣ
ĮʌĮȚIJİȓIJĮȚȖȚĮIJȘȞȥȪȟȘțĮȚIJȘȞʌȡȠıIJĮıȓĮIJȦȞİıȦIJİȡȚțȫȞȝİȡȫȞȀȐȞIJİ
IJĮĮȞȠȓȖȝĮIJĮʌȠȣʌȡȠıįȚȠȡȓȗȠȞIJĮȚıIJȘȞIJİȜİȣIJĮȓĮıİȜȓįĮĮȞȐȜȠȖĮȝİIJȠȞ
IJȪʌȠIJȠʌȠșȑIJȘıȘȢ
ǻȚĮȤİȓȡȚıȘĮʌȠȡȡȚȝȐIJȦȞțĮȚʌȡȠıIJĮıȓĮIJȠȣʌİȡȚȕȐȜȜȠȞIJȠȢ
ǹȣIJȒȘıȣıțİȣȒȑȤİȚıȒȝĮȞıȘıȪȝijȦȞĮȝİIJȘȞǼȣȡȦʌĮȧțȒ
ȅįȘȖȓĮ (8 ıȤİIJȚțȐ ȝİ IJĮ ĮʌȩȕȜȘIJĮ İȚįȫȞ
ȘȜİțIJȡȚțȠȪțĮȚȘȜİțIJȡȠȞȚțȠȪİȟȠʌȜȚıȝȠȪ:(((Ǿ:(((
ʌİȡȚȜĮȝȕȐȞİȚIJȩıȠȡȣʌȠȖȩȞİȢȠȣıȓİȢȠȚȠʌȠȓİȢȝʌȠȡȠȪȞȞĮ
ȑȤȠȣȞĮȡȞȘIJȚțȑȢİʌȚʌIJȫıİȚȢıIJȠʌİȡȚȕȐȜȜȠȞȩıȠțĮȚȕĮıȚțȐ
İȟĮȡIJȒȝĮIJĮ IJĮ ȠʌȠȓĮ ȝʌȠȡȠȪȞ ȞĮ ȤȡȘıȚȝȠʌȠȚȘșȠȪȞ țĮȚ
ʌȐȜȚ ǼȓȞĮȚ ıȘȝĮȞIJȚțȩ ȞĮ ȣʌȠȕȐȜȜȠȞIJĮȚ IJĮ :((( ıİ
ıȣȖțİțȡȚȝȑȞİȢ İʌİȟİȡȖĮıȓİȢ ȑIJıȚ ȫıIJİ ȞĮ ĮijĮȚȡȠȪȞIJĮȚ țĮȚ ȞĮ
ĮʌȠȡȡȓʌIJȠȞIJĮȚ ȩȜĮ IJĮ ȡȣʌȠȖȩȞĮ ıIJȠȚȤİȓĮ ȉĮ ȐIJȠȝĮ ȝʌȠȡȠȪȞ ȞĮ
įȚĮįȡĮȝĮIJȓıȠȣȞıȘȝĮȞIJȚțȩȡȩȜȠıIJȘȞİȟĮıijȐȜȚıȘȩIJȚIJĮ:(((įİȞ
șĮ ĮʌȠIJİȜȑıȠȣȞ ȑȞĮ ȗȒIJȘȝĮ ȖȚĮ IJȠ ʌİȡȚȕȐȜȜȠȞ İȓȞĮȚ ĮʌĮȡĮȓIJȘIJȠ ȞĮ
ĮțȠȜȠȣșİȓIJİȝİȡȚțȠȪȢȕĮıȚțȠȪȢțĮȞȩȞİȢ
IJĮ:(((įİȞșĮʌȡȑʌİȚȞĮĮȞIJȚȝİIJȦʌȓȗȠȞIJĮȚıĮȞȠȚțȚĮțȐĮʌȠȡȡȓȝȝĮIJĮ
IJĮ:(((șĮʌȡȑʌİȚȞĮȝİIJĮijȑȡȠȞIJĮȚıIJȚȢİȚįȚțȑȢʌİȡȚȠȤȑȢıȣȜȜȠȖȒȢʌȠȣ
įȚĮȤİȚȡȓȗȠȞIJĮȚ Įʌȩ IJȚȢ įȘȝȠIJȚțȩ ıȣȝȕȠȪȜȚȠ Ȓ Įʌȩ İȟȠȣıȚȠįȠIJȘȝȑȞİȢ
İIJĮȚȡİȓİȢ
ȈİʌȠȜȜȑȢȤȫȡİȢȝʌȠȡİȓȞĮȣʌȐȡȤȠȣȞįȚĮșȑıȚȝİȢıȣȜȜȠȖȑȢĮʌȩIJȠıʌȓIJȚĮ
ȖȚĮ ȝİȖȐȜĮ :((( ǵIJĮȞ ĮȖȠȡȐȗİIJİ ȝȓĮ țĮȚȞȠȪȡȖȚĮ ıȣıțİȣȒ Ș ʌĮȜȚȐ
ȝʌȠȡİȓ ȞĮ İʌȚıIJȡĮijİȓ ıIJȠȞ ʌȦȜȘIJȒ Ƞ ȠʌȠȓȠȢ Ƞ ȠʌȠȓȠȢ ʌȡȑʌİȚ ȞĮ IJȘȞ
ʌĮȡĮȜȐȕİȚ ȤȦȡȓȢ ȤȡȑȦıȘ ıİ ȝȓĮ ĮȞĮȜȠȖȓĮ ȝȓĮ ʌȡȠȢ ȝȓĮ İijȩıȠȞ Ș
ıȣıțİȣȒĮȣIJȒİȓȞĮȚȚıȠįȪȞĮȝȠȣIJȪʌȠȣțĮȚȑȤİȚIJȚȢȓįȚİȢȜİȚIJȠȣȡȖȓİȢȝİIJȘȞ
ʌĮȡİȤȩȝİȞȘıȣıțİȣȒ
ǼȄȅǿȀȅȃȅȂǾȈǾȀǹǿȈǼǺǹȈȂȅȈȈȉȅȆǼȇǿǺǹȁȁȅȃ
ǵʌȠȣ İȓȞĮȚ İijȚțIJȩ ĮʌȠijȪȖİIJİ IJȘȞ ʌȡȠșȑȡȝĮȞıȘ IJȠȣ ijȠȪȡȞȠȣ țĮȚ
ʌȡȠıʌĮșİȓIJİʌȐȞIJĮȞĮIJȠȞȖİȝȓȗİIJİǹȞȠȓȖİIJİIJȘȞʌȩȡIJĮIJȠȣijȠȪȡȞȠȣȩıȠ
IJȠ įȣȞĮIJȩȞ ȜȚȖȩIJİȡȠ ıȣȤȞȐ ȖȚĮIJȓ įȚĮıțȠȡʌȓȗİIJĮȚ Ș șȑȡȝĮȞıȘ Įʌȩ IJȠȞ
șȐȜĮȝȠ țȐșİ ijȠȡȐ ʌȠȣ ĮȞȠȓȖİȚ īȚĮ ȝȓĮ ıȘȝĮȞIJȚțȒ İȟȠȚțȠȞȩȝȘıȘ
İȞȑȡȖİȚĮȢ ıȕȒȞİIJİ IJȠȞ ijȠȪȡȞȠ ȝİIJĮȟȪ țĮȚ ȜİʌIJȫȞʌȡȚȞ Įʌȩ IJȠȞ
ʌȡȠȖȡĮȝȝĮIJȚıȝȑȞȠ IJİȡȝĮIJȚıȝȩ IJȠȣ ȤȡȩȞȠȣ ȝĮȖİȚȡȑȝĮIJȠȢ țĮȚ
ȤȡȘıȚȝȠʌȠȚİȓıIJİIJȘȞșİȡȝȩIJȘIJĮʌȠȣĮʌȠȝȑȞİȚIJȘȞȠʌȠȓĮİȟĮțȠȜȠȣșİȓȞĮ
įȘȝȚȠȣȡȖİȓ Ƞ ijȠȪȡȞȠȢ ȀĮșĮȡȓıIJİ țĮșĮȡȑȢ IJȚȢ IJıȚȝȠȪȤİȢ țĮșĮȡȑȢ țĮȚ
ıȦıIJȐIJȠʌȠșİIJȘȝȑȞİȢıIJȚȢșȑıİȚȢIJȠȣȢȖȚĮȞĮĮʌȠijȪȖİIJİįȚĮijȣȖȒIJȘȢ
șİȡȝȩIJȘIJĮȢȑȟȦĮʌȩIJȠȞșȐȜĮȝȠǼȐȞȑȤİIJİȡȠȜȩȚʌĮȡȠȤȒȢȝİȞȣȤIJİȡȚȞȩ
IJȚȝȠȜȩȖȚȠ IJȠ ʌȡȩȖȡĮȝȝĮ țĮșȣıIJİȡȘȝȑȞȠȣ ȝĮȖİȚȡȑȝĮIJȠȢ țȐȞİȚ
İȣțȠȜȩIJİȡȘIJȘȞİȟȠȚțȠȞȩȝȘıȘİȞȑȡȖİȚĮȢȝİIJĮijȑȡȠȞIJĮȢIJȘȞȑȞĮȡȟȘIJȘȢ
įȚĮįȚțĮıȓĮȢȝĮȖİȚȡȑȝĮIJȠȢIJȘȞȫȡĮʌȠȣȚıȤȪİȚȘȝİȚȦȝȑȞȘȤȡȑȦıȘ
*5
İʌĮijȒȝİIJȠșİȡȝȩıȝȐȜIJȠȣʌȐȡȤİȚțȓȞįȣȞȠȢȞĮȜȚȫıİȚțĮȚȞĮțĮIJĮıIJȡȑȥİȚ
IJȠıȝȐȜIJȠIJȦȞİıȦIJİȡȚțȫȞIJȠȚȤȦȝȐIJȦȞīȚĮȞĮʌȡȠȜȐȕİIJİȣʌİȡȕȠȜȚțȩ
ȜȑȡȦȝĮIJȠȣijȠȪȡȞȠȣıĮȢȝİĮʌȠIJȑȜİıȝĮȑȞIJȠȞȠȣȢțĮʌȞȠȪȢțĮȚȝȣȡȦįȚȑȢ
ıĮȢ ıȣȞȚıIJȠȪȝİ ȞĮ ȝȘȞ ȤȡȘıȚȝȠʌȠȚİȓIJİ IJȠȞ ijȠȪȡȞȠ ıİ ʌȠȜȪ ȣȥȘȜȒ
șİȡȝȠțȡĮıȓĮǼȓȞĮȚțĮȜȪIJİȡȠȞĮʌĮȡĮIJİȓȞİIJİIJȠȞȤȡȩȞȠȥȘıȓȝĮIJȠȢțĮȚȞĮ
ȤĮȝȘȜȫıİIJİȜȓȖȠIJȘȞșİȡȝȠțȡĮıȓĮȈȣȝʌȜȘȡȦȝĮIJȚțȐȝİIJĮĮȟİıȠȣȐȡʌȠȣ
ʌĮȡȑȤȠȞIJĮȚȝĮȗȓȝİIJȠȞijȠȪȡȞȠıĮȢıȣȝȕȠȣȜİȪȠȣȝİȞĮȤȡȘıȚȝȠʌȠȚİȓIJİ
ȝȩȞȠ įȓıțȠȣȢ țĮȚ ijȩȡȝİȢ ȥȘıȓȝĮIJȠȢ ĮȞșİțIJȚțȑȢ ıİ ʌȠȜȪ ȣȥȘȜȑȢ
șİȡȝȠțȡĮıȓİȢ
ȆİȡȚȖȡĮijȒIJȠȣʌȡȠȧȩȞIJȠȢ
ǼʌȚıțȩʌȘıȘ
ȆȓȞĮțĮȢİȜȑȖȤȠȣ
ĬȑıİȚȢȡȐijȚ
ʌȜİȣȡȚțȩıȣȡȝȐIJȚȞȠțĮȜȫįȚȠİȐȞʌİȡȚȜĮȝȕȐȞİIJĮȚ
ȂİIJĮȜȜȚțȒıȤȐȡĮ
ȇȓȟIJİIJȘȜİțȐȞȘ
ǹȞİȝȚıIJȒȡĮȢʌȓıȦĮʌȩIJȘȞ
ʌȜȐțĮȤȐȜȣȕĮ
ȆȩȡIJĮijȠȪȡȞȠȣ
ǹȟİıȠȣȐȡĮȞȐȜȠȖĮȝİIJȠȝȠȞIJȑȜȠ
ǻȠȤİȓȠıȣȜȜȠȖȒȢ
ȈȣȜȜȑȖİȚ IJĮ ȣʌȠȜİȓȝȝĮIJĮ IJĮ ȠʌȠȓĮ ıIJȐȗȠȣȞ țĮIJȐ IJȘȞ įȚȐȡțİȚĮ
IJȠȣȥȘıȓȝĮIJȠȢIJȦȞIJȡȠijȫȞİʌȐȞȦıIJȚȢıȤȐȡİȢ
ȂİIJĮȜȜȚțȒıȤȐȡĮ
ȈȣȖțȡĮIJİȓijȩȡȝİȢȥȘıȓȝĮIJȠȢțĮȚIJĮȥȚȐ
*5
ȋȡȒıȘȖȚĮʌȡȫIJȘijȠȡȐ
ȆȇȅȀǹȉǹȇȀȉǿȀȅȈȀǹĬǹȇǿȈȂȅȈ
ȀĮșĮȡȓıIJİIJȠȞijȠȪȡȞȠʌȡȚȞIJȠȞȤȡȘıȚȝȠʌȠȚȒıİIJİȖȚĮʌȡȫIJȘijȠȡȐȈțȠȣʌȓıIJİIJȚȢİȟȦIJİȡȚțȑȢİʌȚijȐȞİȚİȢȝİȑȞĮȞȠIJȚıȝȑȞȠȝĮȜĮțȩʌĮȞȓ
ȆȜȪȞİIJİȩȜĮIJĮĮȟİıȠȣȐȡȝȑıĮıIJȠȞijȠȪȡȞȠțĮȚıțȠȣʌȓıIJİȝİȑȞĮįȚȐȜȣȝĮȗİıIJȠȪȞİȡȠȪțĮȚțĮIJȐȜȜȘȜȠȣțĮșĮȡȚıIJȚțȠȪȣȖȡȠȪȇȣșȝȓıIJİIJȠȞ
ȐįİȚȠijȠȪȡȞȠıIJȘȞȝȑȖȚıIJȘșİȡȝȠțȡĮıȓĮțĮȚĮijȒıIJİIJȠȞĮȞĮȝȝȑȞȠȖȚĮʌİȡȓʌȠȣȫȡĮĮȣIJȩșĮĮijĮȚȡȑıİȚIJȣȤȩȞȣʌȠȜİȚʌȩȝİȞİȢȝȣȡȦįȚȑȢ
IJȘȢțĮȚȞȠȪȡȖȚĮȢıȣıțİȣȒȢ
İȖțȐȡıȚĮıȪȡȝĮʌȜȑȖȝĮIJĮ
ȆȜİȣȡȚțȒıȪȡȝĮʌȜȑȖȝĮİȐȞʌİȡȚȜĮȝȕȐȞİIJĮȚ
Ⱦɟɤɥɚɪɚɰɿɹɜɿɞɩɨɜɿɞɧɨɫɬɿ
ȉȠʌȠșİIJȫȞIJĮȢ IJȠ ĮȞĮȖȞȦȡȚıIJȚțȩİʌȐȞȦ ıİ ĮȣIJȩ IJȠ ʌȡȠȧȩȞ İʌȚȕİȕĮȚȫȞȠȣȝİ IJȘȞ ıȣȝȕĮIJȩIJȘIJĮ ȝİ ȩȜİȢ IJȚȢ ıȤİIJȚțȑȢ ǼȣȡȦʌĮȧțȑȢ
ʌȡȠȨʌȠșȑıİȚȢĮıijȐȜİȚĮȢȣȖİȓĮȢțĮȚʌȡȠıIJĮıȓĮȢIJȠȣʌİȡȚȕȐȜȜȠȞIJȠȢʌȠȣİijĮȡȝȩȗȠȞIJĮȚȖȚĮĮȣIJȩIJȠʌȡȠȧȩȞıȪȝijȦȞĮȝİIJȘȞȚıȤȪȠȣıĮȞȠȝȠșİıȓĮ
ȂİIJȠʌĮȡȩȞȘ&DQG\+RRYHU*URXSįȘȜȫȞİȚȩIJȚĮȣIJȒȘıȣıțİȣȒʌȠȣȑȤİȚıȒȝĮȞıȘȝİʌȜȘȡȠȓIJȚȢȕĮıȚțȑȢʌȡȠȨʌȠșȑıİȚȢIJȘȢȅįȘȖȓĮȢ
(8
īȚĮȞĮȜȐȕİIJİȑȞĮĮȞIJȓȖȡĮijȠIJȘȢįȒȜȦıȘȢıȣȝȝȩȡijȦıȘȢıĮȢʌĮȡĮțĮȜȠȪȝİȞĮİʌȚțȠȚȞȦȞȒıİIJİȝİIJȠȞțĮIJĮıțİȣĮıIJȒıIJȠZZZFDQG\JURXSFRP
ȈǾȂǼǿȍȈǾ
ȀȁǼǿǻǹȇǿǹ
ǾȜİȚIJȠȣȡȖȓĮĮıijȐȜİȚĮȢȖȚĮIJĮ
ʌĮȚįȚȐİȞİȡȖȠʌȠȚİȓIJĮȚ
ĮȖȖȓȗȠȞIJĮȢIJȠıIJȠȚȤİȓȠ6HW
ȇȪșȝȚıȘ
ȖȚĮIJȠȣȜȐȤȚıIJȠȞ
įİȣIJİȡȩȜİʌIJĮǹʌȩĮȣIJȒIJȘ
ıIJȚȖȝȒțȐșİȐȜȜȘȜİȚIJȠȣȡȖȓĮ
țȜİȚįȫȞİȚțĮȚıIJȘȞȠșȩȞȘșĮ
ĮȞĮȕȠıȕȒȞİȚȘȑȞįİȚȟȘ6723
ǻǿǹȀȅȆǾțĮȚȠ
țĮșȠȡȚıȝȑȞȠȢȤȡȩȞȠȢ
įȚĮțȠʌIJȩȝİȞĮ
ǾȜİȚIJȠȣȡȖȓĮĮıijȐȜİȚĮȢȖȚĮ
IJĮʌĮȚįȚȐİȞİȡȖȠʌȠȚİȓIJĮȚ
ĮȖȖȓȗȠȞIJĮȢȟĮȞȐIJȠıIJȠȚȤİȓȠ6HW
ȇȪșȝȚıȘ
ȖȚĮIJȠȣȜȐȤȚıIJȠȞ
įİȣIJİȡȩȜİʌIJĮǹʌȩĮȣIJȒIJȘ
ıIJȚȖȝȒȩȜİȢȠȚȜİȚIJȠȣȡȖȓİȢİȓȞĮȚ
ȟĮȞȐİʌȚȜȑȟȚȝİȢ
ȆȚȑıIJİIJȠțİȞIJȡȚțȩțȠȣȝʌȓ
ijȠȡȐ
ȆȚȑıIJİIJĮțȠȣȝʌȚȐ©ª©ªȖȚĮ
ȞĮȡȣșȝȓıİIJİIJȠȞĮʌĮȚIJȠȪȝİȞȠ
ȤȡȩȞȠ
ǹʌİȜİȣșİȡȫıIJİIJĮțȠȣȝʌȚȐ
ǵIJĮȞʌİȡȐıİȚȠțĮșȠȡȚıȝȑȞȠȢ
ȤȡȩȞȠȢİȞİȡȖȠʌȠȚİȓIJĮȚȑȞĮ
ȘȤȘIJȚțȩıȒȝĮIJȠıȒȝĮĮȣIJȩșĮ
ıIJĮȝĮIJȒıİȚĮʌȩȝȩȞȠIJȠȣ
ȦıIJȩıȠȝʌȠȡİȓIJİȞĮIJȠ
ıIJĮȝĮIJȒıİIJİȐȝİıĮʌȚȑȗȠȞIJĮȢ
IJȠțȠȣȝʌȓ6(/(&7
ǼȆǿȁȅīǾ
ȈIJȠIJȑȜȠȢIJȠȣțĮșȠȡȚıȝȑȞȠȣ
ȤȡȩȞȠȣĮțȠȪȖİIJĮȚȑȞĮȘȤȘIJȚțȩ
ıȒȝĮ
ȀĮIJȐIJȘįȚĮįȚțĮıȓĮȘȠșȩȞȘ
įİȓȤȞİȚIJȠȞȣʌȠȜİȚʌȩȝİȞȠ
ȤȡȩȞȠ
ǼʌȚIJȡȑʌİȚIJȘȤȡȒıȘIJȠȣijȠȪȡȞȠȣ
ȦȢȡȠȜȩȚȣʌİȞșȪȝȚıȘȢȝʌȠȡİȓȞĮ
İȞİȡȖȠʌȠȚȘșİȓİȓIJİȝİIJȘȜİȚIJȠȣȡȖȓĮ
IJȠȣijȠȪȡȞȠȣİȓIJİȤȦȡȓȢIJȘ
ȜİȚIJȠȣȡȖȓĮIJȠȣijȠȪȡȞȠȣ
ȆȚȑıIJİIJȠțİȞIJȡȚțȩțȠȣȝʌȓ
ijȠȡȑȢ
ȆȚȑıIJİIJĮțȠȣȝʌȚȐ©ªȒ©ª
ȖȚĮȞĮȡȣșȝȓıİIJİIJȘȞ
ĮʌĮȚIJȠȪȝİȞȘįȚȐȡțİȚĮ
ȝĮȖİȚȡȑȝĮIJȠȢ
ǹʌİȜİȣșİȡȫıIJİȩȜĮIJĮ
țȠȣȝʌȚȐ
ȇȣșȝȓıIJİIJȘȜİȚIJȠȣȡȖȓĮ
ȝĮȖİȚȡȑȝĮIJȠȢȝİIJȠȞİʌȚȜȠȖȑĮ
ȜİȚIJȠȣȡȖȓĮȢIJȠȣijȠȪȡȞȠȣ
ȈĮȢįȓȞİȚIJȘįȣȞĮIJȩIJȘIJĮȞĮ
ȡȣșȝȓıİIJİİțIJȦȞʌȡȠIJȑȡȦȞIJȠȞ
ȤȡȩȞȠȝĮȖİȚȡȑȝĮIJȠȢʌȠȣ
ĮʌĮȚIJİȓIJĮȚȖȚĮIJȘȞİʌȚȜİȖȝȑȞȘ
ıȣȞIJĮȖȒ
īȚĮȞĮİȜȑȖȟİIJİIJȠįȚȐıIJȘȝĮ
ʌȠȣĮʌȠȝȑȞİȚʌȚȑıIJİijȠȡȑȢIJȠ
țȠȣȝʌȓ6(/(&7ǼȆǿȁȅīǾ
īȚĮȞĮȝİIJĮȕȐȜİIJİĮȜȜȐȟİIJİIJȠȞ
ʌȡȠțĮșȠȡȚıȝȑȞȠȤȡȩȞȠʌȚȑıIJİ
IJĮțȠȣȝʌȚȐ6(/(&7ǼȆǿȁȅīǾ
țĮȚ©ª©ª
ȆȚȑıIJİIJȠțȠȣȝʌȓȖȚĮȞĮ
ıIJĮȝĮIJȒıİIJİIJȠıȒȝĮȆȚȑıIJİ
IJȠțİȞIJȡȚțȩțȠȣȝʌȓȖȚĮȞĮ
İʌȚıIJȡȑȥİIJİıIJȘȜİȚIJȠȣȡȖȓĮ
IJȠȣȡȠȜȠȖȚȠȪ
ǵIJĮȞʌĮȡȑȜșİȚȠȤȡȩȞȠȢȠ
ijȠȪȡȞȠȢĮʌİȞİȡȖȠʌȠȚİȓIJĮȚ
ĮȣIJȩȝĮIJĮǼȐȞİʌȚșȣȝİȓIJİȞĮ
ıIJĮȝĮIJȒıİIJİIJȠȝĮȖİȓȡİȝĮ
ȞȦȡȓIJİȡĮȝʌȠȡİȓIJİȞĮ
ʌİȡȚıIJȡȑȥİIJİIJȠȞİʌȚȜȠȖȑĮ
ȜİȚIJȠȣȡȖȓĮȢıIJȘșȑıȘȒȞĮ
ȡȣșȝȓıİIJİIJȠȤȡȩȞȠıIJȠ
țȠȣȝʌȚȐ6(/(&7ǼȆǿȁȅīǾțĮȚ
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ȈIJȠȡȣșȝȚıȝȑȞȠȤȡȩȞȠȠ
ijȠȪȡȞȠȢĮʌİȞİȡȖȠʌȠȚİȓIJĮȚ
īȚĮȤİȚȡȠțȓȞȘIJȘ
ĮʌİȞİȡȖȠʌȠȓȘıȘ
ʌİȡȚıIJȡȑȥIJİIJȠȞİʌȚȜȠȖȑĮ
ȜİȚIJȠȣȡȖȓĮȢıIJȘșȑıȘ2
ȈĮȢİʌȚIJȡȑʌİȚȞĮȡȣșȝȓıİIJİ
IJȠIJȑȜȠȢIJȠȣȤȡȩȞȠȣ
ȝĮȖİȚȡȑȝĮIJȠȢ
īȚĮȞĮİȜȑȖȟİIJİIJȠȞ
ʌȡȠțĮșȠȡȚıȝȑȞȠȤȡȩȞȠʌȚȑıIJİ
IJȠțİȞIJȡȚțȩțȠȣȝʌȓijȠȡȑȢ
īȚĮȞĮIJȡȠʌȠʌȠȚȒıİIJİIJȠȞ
ʌȡȠțĮșȠȡȚıȝȑȞȠȤȡȩȞȠʌȚȑıIJİ
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ıIJȠȞȠʌȠȓĮșĮșȑȜİIJİȞĮ
ĮʌİȞİȡȖȠʌȠȚȘșİȓȠijȠȪȡȞȠȢ
ǹʌİȜİȣșİȡȫıIJİIJĮțȠȣȝʌȚȐ
ȇȣșȝȓıIJİIJȘȜİȚIJȠȣȡȖȓĮ
ȝĮȖİȚȡȑȝĮIJȠȢȝİIJȠȞİʌȚȜȠȖȑĮ
ȜİȚIJȠȣȡȖȓĮȢIJȠȣijȠȪȡȞȠȣ
ǹȣIJȒȘȜİȚIJȠȣȡȖȓĮȤȡȘıȚȝȠʌȠȚİȓIJĮȚ
țĮIJȐțĮȞȩȞĮȝİIJȘȜİȚIJȠȣȡȖȓĮ
©ȤȡȩȞȠȣȝĮȖİȚȡȑȝĮIJȠȢª
īȚĮʌĮȡȐįİȚȖȝĮİȐȞIJȠijĮȖȘIJȩ
ʌȡȑʌİȚȞĮȝĮȖİȚȡİȣIJİȓȖȚĮȜİʌIJȐ
țĮȚʌȡȑʌİȚȞĮİȓȞĮȚȑIJȠȚȝȠıIJȚȢ
ĮʌȜȐİʌȚȜȑȟIJİIJȘȞ
ĮʌĮȚIJȠȪȝİȞȘȜİȚIJȠȣȡȖȓĮȡȣșȝȓıIJİ
IJȠȤȡȩȞȠȝĮȖİȚȡȑȝĮIJȠȢıIJĮ
ȜİʌIJȐțĮȚIJȠIJȑȜȠȢIJȠȣȤȡȩȞȠȣ
ȝĮȖİȚȡȑȝĮIJȠȢıIJȚȢ
ȂİIJȠIJȑȜȠȢIJȠȣʌȡȠțĮșȠȡȚıȝȑȞȠȣ
ȤȡȩȞȠȣȝĮȖİȚȡȑȝĮIJȠȢȠijȠȪȡȞȠȢ
șĮĮʌİȞİȡȖȠʌȠȚȘșİȓĮȣIJȩȝĮIJĮțĮȚ
șĮĮțȠȣıIJİȓȑȞĮȘȤȘIJȚțȩıȒȝĮ
ȉȠȝĮȖİȓȡİȝĮșĮȟİțȚȞȒıİȚ
ĮȣIJȩȝĮIJĮıIJȚȢȝİȓȠȞIJĮ
ȜİʌIJȐțĮȚșĮıȣȞİȤȚıIJİȓȝȑȤȡȚIJȠ
IJȑȜȠȢIJȠȣʌȡȠțĮșȠȡȚıȝȑȞȠȣȤȡȩȞȠȣ
ȝĮȖİȚȡȑȝĮIJȠȢȩʌȠȣȠijȠȪȡȞȠȢșĮ
ĮʌİȞİȡȖȠʌȠȚȘșİȓĮȣIJȩȝĮIJĮ
ȆȇȅǼǿǻȅȆȅǿǾȈǾ
ǼȐȞIJȠȉǼȁȅȈIJȠȣȝĮȖİȚȡȑȝĮIJȠȢ
İʌȚȜİȤșİȓȤȦȡȓȢȞĮȖȓȞİȚȡȪșȝȚıȘ
IJȘȢįȚȐȡțİȚĮȢIJȠȣȤȡȩȞȠȣ
ȝĮȖİȚȡȑȝĮIJȠȢȠijȠȪȡȞȠȢșĮ
ȟİțȚȞȒıİȚIJȠȝĮȖİȓȡİȝĮĮȝȑıȦȢțĮȚ
șĮıIJĮȝĮIJȒıİȚıIJȠȉǼȁȅȈIJȠȣ
țĮșȠȡȚıȝȑȞȠȣȤȡȩȞȠȣ
ȝĮȖİȚȡȑȝĮIJȠȢ
ȁǼȆȉȅ
ĭȇȅȃȉǿǽȍȃ
ȋȇǵȃȅȈ
ȂǹīǼǿȇDzȂǹȉȅȈ
ȉǼȁȅȈȉȅȊ
ȂǹīǼǿȇȅȊ
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ȋȡȒıȘIJȠȣijȠȪȡȞȠȣĮȞȐȜȠȖĮȝİIJȠȝȠȞIJȑȜȠ
ȆİȡȚȖȡĮijȒʌȓȞĮțĮİȜȑȖȤȠȣ
ȆȇȅȈȅȋǾ ȂİIJȐ IJȘȞ İȖțĮIJȐıIJĮıȘ IJȠȣ ijȠȪȡȞȠȣ Ȓ ȝİIJȐ IJȘȞ
įȚĮțȠʌȒ IJȘȢ IJȡȠijȠįȠıȓĮȢ ȡİȪȝĮIJȠȢ ĮȣIJȩ ijĮȓȞİIJĮȚ Įʌȩ IJȘȞ
ʌĮȜȜȩȝİȞȘȑȞįİȚȟȘȘʌȡȫIJȘįȚĮįȚțĮıȓĮʌȠȣʌȡȑʌİȚȞĮ
țȐȞİIJİ İȓȞĮȚ ȞĮ șȑıİIJİ IJȘ ıȦıIJȒ ȫȡĮ ǹțȠȜȠȣșİȓIJİ IJĮ İȟȒȢ
ȕȒȝĮIJĮ
ȆȚȑıIJİIJȠțİȞIJȡȚțȩțȠȣȝʌȓ
ȇȣșȝȓıIJİIJȘȞȫȡĮȝİIJȠʌȜȒțIJȡȠ
ǹijȒıIJİȩȜĮIJĮțȠȣȝʌȚȐ
ȆȇȅȈȅȋǾ ȅ ijȠȪȡȞȠȢ șĮ ȝʌȠȡİȓ ȞĮ ȜİȚIJȠȣȡȖȒıİȚ ȝȩȞȠ ȩIJĮȞ
ȡȣșȝȚıIJİȓIJȠȡȠȜȩȚ
ȁİʌIJȐȜİʌIJȐ
ȇȪșȝȚıȘȡȠȜȠȖȚȠȪ
ȋȡȩȞȠȢȝĮȖİȚȡȑȝĮIJȠȢ
ȉȑȜȠȢIJȠȣȝĮȖİȚȡȑȝĮIJȠȢ
ǼȝijȐȞȚıȘșİȡȝȠțȡĮıȓĮȢȒȡȠȜȠȖȚȠȪ
DzȜİȖȤȠȚȡȪșȝȚıȘȢȠșȩȞȘȢ/&'
ȀȠȣȝʌȓİʌȚȜȠȖȒȢșİȡȝȠıIJȐIJȘ
ȀȠȣȝʌȓİʌȚȜȠȖȒȢȜİȚIJȠȣȡȖȓĮȢ
ȁǼǿȉȅȊȇīǿǹ ȆȍȈȃǹǹȆǹīȅȇǼȊǼȉǹǿ ȉǿȀDZȃǼǿ
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ȉȡȩʌȠȚȜİȚIJȠȣȡȖȓĮȢȥȘıȓȝĮIJȠȢ
ǻȠțȚȝĮıȝȑȞȠıȪȝijȦȞĮȝİIJȠ&(1(/(&(1ʌȠȣȤȡȘıȚȝȠʌȠȚİȓIJĮȚȖȚĮIJȠȞʌȡȠıįȚȠȡȚıȝȩIJȘȢİȞİȡȖİȚĮțȒȢțȜȐıȘȢȖȚĮȜİȚIJȠȣȡȖȓĮ
İȟĮİȡȚıȝȠȪ
ǼʌȚȜȠȖȑĮȢ
ȜİȚIJȠȣȡȖȓĮȢ ȁİȚIJȠȣȡȖȓĮİȟĮȡIJȐIJĮȚĮʌȩIJȠȝȠȞIJȑȜȠIJȠȣijȠȪȡȞȠȣ
ȁǹȂȆǹǹȞȐȕİȚIJȠȞijȦIJȚıȝȩIJȠȣijȠȪȡȞȠȣ
ȆȅȁȁǹȆȁȍȃ ǼȆǿȆǼǻȍȃ ȈĮȢ ıȣȞȚıIJȠȪȝİ ȞĮ ȤȡȘıȚȝȠʌȠȚİȓIJİ ĮȣIJȒ IJȘȞ ȝȑșȠįȠ ȖȚĮ ʌȠȣȜİȡȚțȐ ȗȣȝĮȡȚțȐ ȥȐȡȚ țĮȚ
ȜĮȤĮȞȚțȐǾșİȡȝȩIJȘIJĮįȚİȚıįȪİȚțĮȜȪIJİȡĮȝȑıĮıIJȘȞIJȡȠijȒțĮȚȝİȚȫȞȠȞIJĮȚȠȚȤȡȩȞȠȚȝĮȖİȚȡȑȝĮIJȠȢțĮȚʌȡȠșȑȡȝĮȞıȘȢ
ȂʌȠȡİȓIJİȞĮȝĮȖİȚȡȑȥİIJİIJĮȣIJȩȤȡȠȞĮįȚĮijȠȡİIJȚțȑȢIJȡȠijȑȢȝİȒȤȦȡȓȢIJȘȞȓįȚĮʌȡȠİIJȠȚȝĮıȓĮıİȝȓĮȒʌİȡȚııȩIJİȡİȢșȑıİȚȢ
ǹȣIJȒȘȝȑșȠįȠȢȝĮȖİȚȡȑȝĮIJȠȢʌĮȡȑȤİȚȠȝȠȚȩȝȠȡijȘțĮIJĮȞȠȝȒIJȘȢșİȡȝȩIJȘIJĮȢțĮȚȠȚȝȣȡȦįȚȑȢįİȞĮȞĮȝȚȖȞȪȠȞIJĮȚ
ǹijȒıIJİʌİȡȓʌȠȣįȑțĮȜİʌIJȐİʌȚʌȜȑȠȞȩIJĮȞȝĮȖİȚȡİȪİIJİIJĮȣIJȩȤȡȠȞĮIJȡȩijȚȝĮ
ĭȅȊȇȃȅȈȋȡȘıȚȝȠʌȠȚİȓIJĮȚțĮȚIJȠİʌȐȞȦțĮȚIJȠțȐIJȦșİȡȝĮȞIJȚțȩıIJȠȚȤİȓȠȆȡȠșİȡȝȐȞİIJİIJȠȞijȠȪȡȞȠȖȚĮʌİȡȓʌȠȣįȑțĮ
ȜİʌIJȐǾȝȑșȠįȠȢĮȣIJȒİȓȞĮȚȚįĮȞȚțȒȖȚĮȩȜĮIJĮʌĮȡĮįȠıȚĮțȐȥȘıȓȝĮIJĮīȚĮȡȠįȠțȠțțȓȞȚıȝĮțȩțțȚȞȠȣțȡȑĮIJȠȢURDVW
EHHIȝʌȠȪIJȚĮȡȞȚȠȪțȣȞȒȖȚijĮȖȘIJȩIJȣȜȚȖȝȑȞȠıİĮȜȠȣȝȚȞȩȤĮȡIJȠSDSLOORWHVȖȜȣțȐȝİȞȣijȐįİȢȉȠʌȠșİIJȒıIJİIJȠijĮȖȘIJȩ
țĮȚIJȠȞįȓıțȠIJȠȣİʌȐȞȦıIJȠȡȐijȚıIJȘȞȝİıĮȓĮșȑıȘ
ǹȆȅȌȊȄǾǵIJĮȞȡȣșȝȓȗİIJĮȚȠİʌȚȜȠȖȑĮȢıİĮȣIJȒIJȘȞșȑıȘȅĮȞİȝȚıIJȒȡĮȢĮȞĮțȣțȜȫȞİȚĮȑȡĮR&ȖȪȡȦĮʌȩIJĮ
țĮIJİȥȣȖȝȑȞĮIJȡȩijȚȝĮȑIJıȚȫıIJİȞĮIJĮȟİʌĮȖȫıİȚıİȝİȡȚțȐȜİʌIJȐȤȦȡȓȢȞĮȤȐȞȠȞIJĮȚȒȞĮȝİIJĮȕȐȜȜȠȞIJĮȚȠȚʌȡȦIJİǸȞİȢ
ʌȠȣʌİȡȚȑȤȠȣȞIJĮIJȡȩijȚȝĮ
ȀǹȉȍĬǼȇȂǹȃȈǾǹȃǼȂǿȈȉǾȇǹȈȋȡȘıȚȝȠʌȠȚİȓIJĮȚIJȠțȐIJȦșİȡȝĮȞIJȚțȩıIJȠȚȤİȓȠȝİIJȠȞĮȞİȝȚıIJȒȡĮȞĮĮȞĮțȣțȜȫȞİȚ
IJȠȞĮȑȡĮȝȑıĮıIJȠȞijȠȪȡȞȠǹȣIJȒȘȝȑșȠįȠȢİȓȞĮȚȚįĮȞȚțȒȖȚĮIJȐȡIJİȢȝİȗȠȣȝİȡȐijȡȠȪIJĮIJȐȡIJİȢȖȜȣțȐțĮȚʌĮIJȑ
ǻİȞĮijȒȞİȚIJĮIJȡȩijȚȝĮȞĮıIJİȖȞȫıȠȣȞțĮȚȕȠȘșȐİȚȞĮijȠȣıțȫıȠȣȞIJĮțȑȚțȘȗȪȝȘIJȠȣȥȦȝȚȠȪțĮȚȐȜȜĮIJȡȩijȚȝĮʌȠȣ
ȝĮȖİȚȡİȪȠȞIJĮȚĮʌȩIJȠțȐIJȦȝȑȡȠȢȉȠʌȠșİIJȒıIJİIJȠȡȐijȚıIJȘȞȝİıĮȓĮșȑıȘ
7&
ȆȡȠIJİȚȞȩȝİȞȘ
ȆǿȉȈǹȂİĮȣIJȒȘȜİȚIJȠȣȡȖȓĮĮȞĮțȣțȜȫȞİIJĮȚșİȡȝȩȢĮȑȡĮȢȝȑıĮıIJȠȞijȠȪȡȞȠȖȚĮȞĮİȟĮıijĮȜȓıİȚIJȑȜİȚȠĮʌȠIJȑȜİıȝĮȖȚĮ
ʌȚȐIJĮȩʌȦȢʌȓIJıĮȒțȑȚț
īȀȇǿȁǹȃǼȂǿȈȉǾȇǹȈǹȉȂȅȋȡȘıȚȝȠʌȠȚȒıIJİIJȘȜİȚIJȠȣȡȖȓĮșȑȡȝĮȞıȘȢıİıȣȞįȣĮıȝȩȝİIJȘȜİȚIJȠȣȡȖȓĮĮȑȡĮıIJȠ
İʌȐȞȦȝȑȡȠȢȖȚĮȞĮȝĮȖİȚȡȑȥİIJİȚįĮȞȚțȐȝİȖȐȜİȢȝİȡȓįİȢijĮȖȘIJȠȪǾȜİȚIJȠȣȡȖȓĮĮȣIJȒİȓȞĮȚțĮIJȐȜȜȘȜȘİȚįȚțȐȖȚĮIJȠ
ȥȒıȚȝȠIJȡĮȖĮȞȫȞijĮȖȘIJȫȞȩʌȦȢIJȠțȡȑĮȢIJĮʌȠȣȜİȡȚțȐȒIJȠȥȐȡȚ
īȀȇǿȁǹȉȂȅȈīȚĮIJȘȞʌĮȡĮıțİȣȒijĮȖȘIJȫȞȖțȡĮIJȚȞȑʌȠȣįȚĮIJȘȡȠȪȞIJȘȞİȜĮıIJȚțȩIJȘIJĮțĮȚIJȠȣȢȤȣȝȠȪȢIJȠȣȢĮȞȑʌĮijĮ
ıȣȞȚıIJȠȪȝİIJȘȤȡȒıȘIJȠȣıȣıIJȒȝĮIJȠȢșȑȡȝĮȞıȘȢıIJȠȐȞȦȝȑȡȠȢıİıȣȞįȣĮıȝȩȝİȗİıIJȩĮIJȝȩȂʌȠȡİȓIJİİʌȓıȘȢȞĮ
ȤȡȘıȚȝȠʌȠȚȒıIJİIJȘȜİȚIJȠȣȡȖȓĮĮȣIJȒȖȚĮȐȝİıȠȡȩįȚıȝĮIJȘȢİʌȚijȐȞİȚĮȢİȞȩȢȝȑIJȡȚĮȥȘȝȑȞȠȣijĮȖȘIJȠȪİȜĮijȡȚȐȥȘȝȑȞȠ
țȡȑĮȢȒȑȞĮȥȐȡȚıİȡȕȚȡȚıȝȑȞȠȦȝȩıIJȠțȑȞIJȡȠ
ȆȅȁȁǹȆȁȍȃǼȆǿȆǼǻȍȃǹȉȂȅȅȗİıIJȩȢĮȑȡĮȢțĮIJĮȞȑȝİIJĮȚĮȞȐȝİıĮıIJĮȡȐijȚĮțĮșȚıIJȫȞIJĮȢIJȘȜİȚIJȠȣȡȖȓĮĮȣIJȒ
ȚįĮȞȚțȒȖȚĮIJȠIJĮȣIJȩȤȡȠȞȠȝĮȖİȓȡİȝĮįȚĮijȠȡȚțȫȞIJȪʌȦȞijĮȖȘIJȠȪȤȦȡȓȢȞĮĮȞĮȝȚȖȞȪȠȞIJĮȚȠȚȖİȪıİȚȢțĮȚȠȚȠıȝȑȢ
ȆȚȑȗȠȞIJĮȢIJȠțȠȣȝʌȓ67($0ǹȉȂȅȈȘİʌȚȜȠȖȒIJȠȣĮIJȝȠȪȜİȚIJȠȣȡȖİȓȝİIJȘȞʌĮȡĮįȠıȚĮțȒșȑȡȝĮȞıȘįȚĮıijĮȜȓȗȠȞIJĮȢ
ȝİIJȠȞIJȡȩʌȠĮȣIJȩIJȘȞțĮȜȪIJİȡȘȖİȪıȘțĮȚȣijȒȖȚĮIJĮʌȚȐIJĮıĮȢțĮȚIJȠȚįĮȞȚțȩijȠȪıțȦȝĮȖȚĮIJȚȢȗȪȝİȢ
ǾȜİȚIJȠȣȡȖȓĮĮȣIJȒİȓȞĮȚțĮIJȐȜȜȘȜȘȖȚĮIJȠȝĮȖİȓȡİȝĮıijȠȜȚȐIJĮȢȖȜȣțȫȞȝİȕȐıȘIJȘȝĮȖȚȐȥȦȝȚȠȪȒʌȓIJıĮȢȥȘIJȠȪ
țȡȑĮIJȠȢțĮȚȥĮȡȚȠȪ
īȀȇǿȁǹȃǼȂǿȈȉǾȇǹȈȋȡȘıȚȝȠʌȠȚİȓıIJİIJȠWXUERȖțȡȚȜȝİIJȘȞʌȩȡIJĮțȜİȚıIJȒ
ȋȡȘıȚȝȠʌȠȚİȓIJĮȚ IJȠ İʌȐȞȦ șİȡȝĮȞIJȚțȩ ıIJȠȚȤİȓȠ ȝİ IJȠȞ ĮȞİȝȚıIJȒȡĮ ȞĮ ĮȞĮțȣțȜȫȞİȚ IJȠȞ ĮȑȡĮ ȝȑıĮ ıIJȠȞ ijȠȪȡȞȠ Ǿ
ʌȡȠșȑȡȝĮȞıȘİȓȞĮȚĮʌĮȡĮȓIJȘIJȘȖȚĮțȩțțȚȞĮțȡȑĮIJĮĮȜȜȐȩȤȚȖȚĮȐıʌȡĮțȡȑĮIJĮǿįĮȞȚțȒȖȚĮȝĮȖİȓȡİȝĮIJȡȠijȫȞȝİȖȐȜȠȣ
ʌȐȤȠȣȢȠȜȩțȜȘȡȦȞțȠȝȝĮIJȚȫȞȩʌȦȢȥȘIJȩȤȠȚȡȚȞȩʌȠȣȜİȡȚțȐțȜʌȉȠʌȠșİIJȒıIJİIJȠijĮȖȘIJȩʌȠȣʌȡȑʌİȚȞĮȥȘșİȓıIJȘȞ
ıȤȐȡĮĮʌİȣșİȓĮȢİʌȐȞȦıIJȠțȑȞIJȡȠIJȠȣȡĮijȚȠȪıIJȘȞȝİıĮȓĮșȑıȘȈʌȡȫȟIJİIJȠȞįȓıțȠıȣȜȜȠȖȒȢțȐIJȦĮʌȩIJȠȡȐijȚȖȚĮȞĮ
ȝĮȗȑȥİIJİIJȠȣȢȤȣȝȠȪȢȈȚȖȠȣȡİȣIJİȓIJİȩIJȚIJȠijĮȖȘIJȩįİȞİȓȞĮȚʌȠȜȪțȠȞIJȐıIJȠȖțȡȚȜīȣȡȓıIJİIJȠijĮȖȘIJȩıIJȠȞȝȚıȩȤȡȩȞȠIJȠȣ
ȥȘıȓȝĮIJȠȢ
īȀȇǿȁȋȡȘıȚȝȠʌȠȚİȓıIJİIJȠȖțȡȚȜȝİIJȘȞʌȩȡIJĮțȜİȚıIJȒ
ȋȡȘıȚȝȠʌȠȚİȓIJĮȚȝȩȞȠIJȠİʌȐȞȦșİȡȝĮȞIJȚțȩıIJȠȚȤİȓȠțĮȚȝʌȠȡİȓIJİȞĮȡȣșȝȓıİIJİIJȘȞșİȡȝȠțȡĮıȓĮǹʌĮȚIJȠȪȞIJĮȚʌȑȞIJİȜİʌIJȐ
ʌȡȠșȑȡȝĮȞıȘȢȑIJıȚȫıIJİȞĮșİȡȝĮȞșȠȪȞțĮȚȞĮȗİıIJĮșȠȪȞIJĮșİȡȝĮȞIJȚțȐıIJȠȚȤİȓĮǾİʌȚIJȣȤȓĮİȓȞĮȚİȖȖȣȘȝȑȞȘȖȚĮȥȒıȚȝȠ
ıIJȘȞıȤȐȡĮțİȝʌȐʌțĮȚȥȘIJȐıIJȠȞijȠȪȡȞȠȉĮȜİȣțȐțȡȑĮIJĮʌȡȑʌİȚȞĮIJȠʌȠșİIJȠȪȞIJĮȚıİȝȓĮĮʌȩıIJĮıȘĮʌȩIJȠȖțȡȚȜāȠ
ȤȡȩȞȠȢȝĮȖİȚȡȑȝĮIJȠȢİȓȞĮȚȝİȖĮȜȪIJİȡȠȢĮȜȜȐIJȠțȡȑĮȢșĮİȓȞĮȚʌȚȠȞȩıIJȚȝȠȂʌȠȡİȓIJİȞĮȕȐȜİIJİțȩțțȚȞĮțȡȑĮIJĮțĮȚijȚȜȑIJĮ
ȥĮȡȚȠȪıIJȠȡȐijȚȝİIJȠȞįȓıțȠıȣȜȜȠȖȒȢĮʌȩțȐIJȦ
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:,),ǼȃǼȇīȅȅijȠȪȡȞȠȢİʌȚIJȡȑʌİȚIJȘıȪȞįİıȘZLIL
:,),ǼȆǹȃǹĭȅȇǹǼʌȚIJȡȑʌİȚIJȘȞİʌĮȞİțțȓȞȘıȘIJȘȢıȪȞįİıȘȢZLIL
ȀĮșĮȡȚıȝȩȢțĮȚıȣȞIJȒȡȘıȘijȠȪȡȞȠȣ
īİȞȚțȑȢȠįȘȖȓİȢȖȚĮIJȠȞțĮșĮȡȚıȝȩ
ȅ țȪțȜȠȢ ȗȦȒȢ IJȘȢ ıȣıțİȣȒȢ ȝʌȠȡİȓ ȞĮ İʌİțIJĮșİȓ ȝȑıȦ IJĮțIJȚțȠȪ
țĮșĮȡȚıȝȠȪ ȆİȡȚȝȑȞİIJİ ȝȑȤȡȚ ȞĮ țȡȣȫıİȚ Ƞ ijȠȪȡȞȠȢ ʌȡȚȞ țȐȞİIJİ
ȠʌȠȚİıįȒʌȠIJİ İȡȖĮıȓİȢ ȤİȚȡȠțȓȞȘIJȠȣ țĮșĮȡȚıȝȠȪ ȆȠIJȑ ȝȘȞ
ȤȡȘıȚȝȠʌȠȚİȓIJİĮʌȠȡȡȣʌĮȞIJȚțȐȝİțȩțțȠȣȢıȪȡȝĮțĮșĮȡȚıȝȠȪȒĮȚȤȝȘȡȐ
ĮȞIJȚțİȓȝİȞĮ ȖȚĮ IJȠȞ țĮșĮȡȚıȝȩ ȑIJıȚ ȫıIJİ ȞĮ ȝȘȞ ʌȡȠțȜȘșİȓ
ĮȞİʌĮȞȩȡșȦIJȘ ȗȘȝȓĮ ıIJĮ İʌȚıȝĮȜIJȦȝȑȞĮ ȝȑȡȘ ȋȡȘıȚȝȠʌȠȚȒıIJİ ȝȩȞȠ
ȞİȡȩıĮʌȠȪȞȚȒĮʌȠȡȡȣʌĮȞIJȚțȐȝİȕȐıȘȜİȣțĮȞIJȚțȐĮȝȝȦȞȓĮ
īȊǹȁǿȃǹǼȄǹȇȉǾȂǹȉǹ
ȀĮȜȩ İȓȞĮȚ ȞĮ țĮșĮȡȓȗİIJİ IJȠ IJȗȐȝȚ IJȘȢ ʌȩȡIJĮȢ ȝİ ĮʌȠȡȡȠijȘIJȚțȩ ȤĮȡIJȓ
țȠȣȗȓȞĮȢ ȝİIJȐ Įʌȩ țȐșİ ȤȡȒıȘ IJȠȣ ijȠȪȡȞȠȣ īȚĮ ȞĮ ĮijĮȚȡȑıIJİ ʌȚȠ
İʌȓȝȠȞȠȣȢ ȜİțȑįİȢ ȝʌȠȡİȓIJİ ȞĮ ȤȡȘıȚȝȠʌȠȚȒıİIJİ ȑȞĮ ıijȠȣȖȖȐȡȚ
ȞȠIJȚıȝȑȞȠȝİțĮșĮȡȚıIJȚțȩțĮȜȐıIJȣȝȝȑȞȠțĮȚȞĮȟİʌȜȪȞİIJİȝİIJȐȝİȞİȡȩ
ȉȈǿȂȅȊȋǹȉǽǹȂǿȅȊȆȅȇȉǹȈ
ǼȐȞ İȓȞĮȚ ȕȡȫȝȚțȘ Ș IJıȚȝȠȪȤĮ ȝʌȠȡİȓ ȞĮ țĮșĮȡȚıIJİȓ ȝİ ȑȞĮ İȜĮijȡȐ
ȞȠIJȚıȝȑȞȠıijȠȣȖȖȐȡȚ
ǹȄǼȈȅȊǹȇ
ȀĮșĮȡȓıIJİIJĮĮȟİıȠȣȐȡȝİȑȞĮȕȡİȖȝȑȞȠıijȠȣȖȖȐȡȚȝİıĮʌȠȪȞȚʌȡȚȞIJĮ
ȟİʌȜȪȞİIJİțĮȚIJĮıIJİȖȞȫıİIJİĮʌȠijȪȖİIJİIJȘȞȤȡȒıȘĮʌȠȡȡȣʌĮȞIJȚțȐȝİ
țȩțțȠȣȢ
*5
PO
Ǿ įȚĮįȚțĮıȓĮ $TXDFWLYD ȤȡȘıȚȝȠʌȠȚİȓ ĮIJȝȩ ȖȚĮ ȞĮ ȕȠȘșȒıİȚ ıIJȘȞ
ĮʌȠȝȐțȡȣȞıȘȣʌȠȜİȚȝȝȐIJȦȞȜȓʌȠȣȢțĮȚIJȡȠijȓȝȦȞĮʌȩIJȠijȠȪȡȞȠ
ȇȓȟIJİPOȞİȡȠȪıIJȠįȠȤİȓȠ$TXDFWLYDıIJȠțȐIJȦȝȑȡȠȢIJȠȣijȠȪȡȞȠȣ
ȇȣșȝȓıIJİIJȘȜİȚIJȠȣȡȖȓĮIJȠȣijȠȪȡȞȠȣıİȈIJĮIJȚțȩȒȀȐIJȦ
șİȡȝĮȞIJȒȡĮ
ȇȣșȝȓıIJİIJȘșİȡȝȠțȡĮıȓĮıIJȠİȚțȠȞȓįȚȠ$TXDFWLYD
ǹijȒıIJİIJȠʌȡȩȖȡĮȝȝĮȞĮȜİȚIJȠȣȡȖȒıİȚȖȚĮȜİʌIJȐ
ȂİIJȐĮʌȩȜİʌIJȐĮʌİȞİȡȖȠʌȠȚȒıIJİIJȠʌȡȩȖȡĮȝȝĮțĮȚĮijȒıIJİIJȠ
ijȠȪȡȞȠȞĮțȡȣȫıİȚ
ǵIJĮȞȘıȣıțİȣȒİȓȞĮȚįȡȠıİȡȒțĮșĮȡȓıIJİIJȚȢİıȦIJİȡȚțȑȢİʌȚijȐȞİȚİȢIJȠȣ
ijȠȪȡȞȠȣȝİȑȞĮʌĮȞȓ
ȆȡȠİȚįȠʌȠȓȘıȘ ǺİȕĮȚȦșİȓIJİ ȩIJȚ Ș ıȣıțİȣȒ İȓȞĮȚ įȡȠıİȡȒ ʌȡȚȞ IJȘȞ
ĮȖȖȓȟİIJİ
ȆȡȑʌİȚ ȞĮ ʌȡȠıȑȤİIJİ ȝİ ȩȜİȢ IJȚȢ șİȡȝȑȢ İʌȚijȐȞİȚİȢ țĮșȫȢ ȣʌȐȡȤİȚ
țȓȞįȣȞȠȢİȖțĮȣȝȐIJȦȞ
ȋȡȘıȚȝȠʌȠȚȒıIJİĮʌȠıIJĮȖȝȑȞȠȒʌȩıȚȝȠȞİȡȩ
ȁİȚIJȠȣȡȖȓĮ$TXDFWLYD
ȋȡȒıȘIJȘȢȜİȚIJȠȣȡȖȓĮȢĮIJȝȠȪ
ǾȜİȚIJȠȣȡȖȓĮĮIJȝȠȪıĮȢİʌȚIJȡȑʌİȚȞĮȑȤİIJİțĮȜȪIJİȡȘȣȖȡĮıȓĮțĮIJȐIJȘ
įȚȐȡțİȚĮ IJȠȣ țȪțȜȠȣ ȝĮȖİȚȡȑȝĮIJȠȢ ȈȣȞȚıIJȠȪȝİ IJȘȞ İȞĮȜȜĮȖȒ IJȠȣ
ȝĮȖİȚȡȑȝĮIJȠȢıİĮIJȝȩȝİIJȠʌĮȡĮįȠıȚĮțȩȝĮȖİȓȡİȝĮȈȣȞȚıIJȠȪȝİIJȘȞ
İȞĮȜȜĮȖȒIJȠȣȝĮȖİȚȡȑȝĮIJȠȢıİĮIJȝȩȝİIJȠʌĮȡĮįȠıȚĮțȩȝĮȖİȓȡİȝĮ
ȆȇȅǼǿǻȅȆȅǿǾȈǾȀȓȞįȣȞȠȢİȖțĮȣȝȐIJȦȞțĮȚʌȡȩțȜȘıȘȢȗȘȝȚȐȢıIJȘ
ıȣıțİȣȒ
ȅĮIJȝȩȢʌȠȣĮʌİȜİȣșİȡȫȞİIJĮȚȝʌȠȡİȓȞĮʌȡȠțĮȜȑıİȚİȖțĮȪȝĮIJĮ
ȂİIJȐ IJȘ ȤȡȒıȘ IJȘȢ ȜİȚIJȠȣȡȖȓĮȢ ȝĮȖİȚȡȑȝĮIJȠȢ ȝİ ĮIJȝȩ ĮȞȠȓȖİIJİ
ʌȡȠıİțIJȚțȐ IJȘȞ ʌȩȡIJĮ IJȠȣ ijȠȪȡȞȠȣ ȫıIJİ ȞĮ ĮʌȠijȪȖİIJİ țȐʌȠȚȠȞ
IJȡĮȣȝĮIJȚıȝȩ
ǹȞȠȓȟIJİIJȘȞʌȩȡIJĮIJȠȣijȠȪȡȞȠȣ
īİȝȓıIJİIJȠțȐIJȦȝȑȡȠȢIJȘȢțȠȚȜȩIJȘIJĮȢȝİPOȞİȡȩIJȠȝȑȖȚıIJȠ
īİȝȓıIJİIJȠțȐIJȦȝȑȡȠȢIJȘȢțȠȚȜȩIJȘIJĮȢȝİȞİȡȩȝȩȞȠȞȩIJĮȞȠijȠȪȡȞȠȢ
İȓȞĮȚțȡȪȠȢ
ȉȠʌȠșİIJȒıIJİIJȠijĮȖȘIJȩıIJȘıȣıțİȣȒțĮȚțȜİȓıIJİIJȘȞʌȩȡIJĮIJȠȣ
ijȠȪȡȞȠȣ
ȇȣșȝȓıIJİIJȘȜİȚIJȠȣȡȖȓĮʌȠȣʌȡȠIJȚȝȐIJİȖȚĮIJȠȝĮȖİȓȡİȝĮȝİĮIJȝȩ
ȆİȡȚıIJȡȑȥIJİIJȠįȚĮțȩʌIJȘIJȘȢșİȡȝȠțȡĮıȓİȢȖȚĮȞĮİʌȚȜȑȟİIJİȝĮȚ
șİȡȝȠțȡĮıȓĮ
ȆİȡȚȝȑȞİIJİ ʌȑȞIJİ ȜİʌIJȐ ȖȚĮ IJȘȞ ʌȡȠșȑȡȝĮȞıȘ ȈIJȘ ıȣȞȑȤİȚĮ
ʌĮIJȒıIJİIJȠțȠȣȝʌȓIJȠȣijȠȪȡȞȠȣĮIJȝȠȪȉȠțȠȣȝʌȓIJȠȣijȠȪȡȞȠȣĮIJȝȠȪ
ȜİȚIJȠȣȡȖİȓȝİIJȘȜİȚIJȠȣȡȖȓĮ
ȆȇȅȈȅȋǾȀĮIJȐIJȘįȚȐȡțİȚĮ IJȠȣȝĮȖİȚȡȑȝĮIJȠȢȒ ȩIJĮȞȠijȠȪȡȞȠȢ
İȓȞĮȚȗİıIJȩȢȝȘȞȖİȝȓȗİIJİIJȠțȐIJȦȝȑȡȠȢIJȘȢțȠȚȜȩIJȘIJĮȢȝİȞİȡȩ
īȚĮ ȞĮ ĮʌİȞİȡȖȠʌȠȚȒıİIJİ IJȘ ıȣıțİȣȒ ȖȣȡȓıIJİ IJȠȣȢ įȚĮțȩʌIJİȢ
ȜİȚIJȠȣȡȖȓĮȢțĮȚșİȡȝȠțȡĮıȓĮȢıIJȘșȑıȘȝȘįȑȞ
ǹʌȠȝĮțȡȪȞİIJİ IJȠ Ȟİȡȩ Įʌȩ IJȠ țȐIJȦ ȝȑȡȠȢ IJȘȢ țȠȚȜȩIJȘIJĮȢ
ȀĮșĮȡȓȗİIJİIJȠįȓıțȠıIJȐȜĮȟȘȢȝİIJȐĮʌȩțȐșİțȪțȜȠȝĮȖİȚȡȑȝĮIJȠȢ
ȀĮșĮȡȓȗİIJİIJȠįȓıțȠıIJȐȜĮȟȘȢȝİIJȐĮʌȩțȐșİțȪțȜȠȝĮȖİȚȡȑȝĮIJȠȢ
ǹȞĮIJȡȑȟIJİıIJȠțİijȐȜĮȚȠȖȚĮIJȚȢȠįȘȖȓİȢțĮșĮȡȚıȝȠȪ
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ǼțIJȩȢıȪȞįİıȘȢțĮȚijȦȞȘIJȚțȒȣʌȠıIJȒȡȚȟȘȈȣȝȕȠȣȜȑȢʌȡȠIJȐıİȚȢțĮȚįȚĮįȚțIJȣĮțȩİȖȤİȚȡȓįȚȠȤȡȒıȘȢ
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ȉȠ:L)LȑȤİȚįȪȠįȚĮijȠȡİIJȚțȑȢșȑıİȚȢıIJȠȞİʌȚȜȠȖȑĮȝĮȖİȚȡȑȝĮIJȠȢ
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șȑıȘȞĮİȖȖȡȐȥİIJİIJȠijȠȪȡȞȠıIJȘıȣıțİȣȒıĮȢİȞIJȩȢ¶
ǼȐȞȘİȖȖȡĮijȒİȓȞĮȚİʌȚIJȣȤȒȢȠijȠȪȡȞȠȢșĮİȜȑȖȤİIJĮȚĮʌȠȝĮțȡȣıȝȑȞĮțĮȚIJȠİȚțȠȞȓįȚȠ:L)LșĮİȞİȡȖȠʌȠȚȘșİȓǼȐȞȘİȖȖȡĮijȒįİȞ
İȓȞĮȚİʌȚIJȣȤȒȢIJȠ:L)LșĮĮʌİȞİȡȖȠʌȠȚȘșİȓțĮȚșĮİțIJİȜİıIJİȓİʌĮȞĮijȠȡȐIJȠȣijȠȪȡȞȠȣ
īȚĮȞĮıȣȞİȤȓıİIJİȝİȞȑĮİȖȖȡĮijȒȠİʌȚȜȠȖȑĮȢʌȡȠȖȡȐȝȝĮIJȠȢȝĮȖİȚȡȑȝĮIJȠȢʌȡȑʌİȚȞĮIJİșİȓİțIJȩȢIJȘȢșȑıȘȢİʌĮȞĮijȠȡȐȢ:L)LțĮȚ
ȞĮİʌĮȞȑȜșİȚıİĮȣIJȒ
ȈȘȝİȓȦıȘǼȖțĮIJĮıIJȒıIJİIJȘȞİijĮȡȝȠȖȒıIJȘıȣıțİȣȒıĮȢʌȡȚȞIJȘȞȑȞĮȡȟȘIJȘȢİȖȖȡĮijȒȢ
ȈȘȝİȓȦıȘǾıȣıțİȣȒıIJȘȞȠʌȠȓĮİȖțĮșȓıIJĮIJĮȚȘİijĮȡȝȠȖȒʌȡȑʌİȚȞĮȑȤİȚİȞİȡȖȠʌȠȚȘȝȑȞȘIJȘȜİȚIJȠȣȡȖȓĮ%OXHWRRWK
ȈȘȝİȓȦıȘīȚĮIJȚȢįȪȠșȑıİȚȢ:L)LIJĮʌȜȒțIJȡĮĮijȒȢįİȞȜİȚIJȠȣȡȖȠȪȞ
ȈȘȝİȓȦıȘǼȓȞĮȚıȘȝĮȞIJȚțȩȞĮİʌȚIJȪȤİIJİȚıȤȣȡȩıȒȝĮ:L)LȝİIJĮȟȪIJȠȣȠȚțȚĮțȠȪįȡȠȝȠȜȠȖȘIJȒțĮȚIJȘȢıȣıțİȣȒȢǵIJĮȞȠijȠȪȡȞȠȢ
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ȋȇǾȈǾȈIJȘȢȝİȕȑȜIJȚıIJĮĮʌȠIJİȜȑıȝĮIJĮȝİIJĮȕİȓIJİıIJȘįȚİȪșȣȞıȘKWWSZZZFDQG\VLPSO\ILFRP
ǻȅȋǼǿȅȈȊȁȁȅīǾȈ
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ǹįİȚȐıIJİIJȠȗİıIJȩȜȓʌȠȢıİȑȞĮıțİȪȠȢțĮȚʌȜȪȞİIJİIJȠįȠȤİȓȠȝİȗİıIJȩ
ȞİȡȩȤȡȘıȚȝȠʌȠȚȫȞIJĮȢȑȞĮıijȠȣȖȖȐȡȚțĮȚȣȖȡȩĮʌȠȡȡȣʌĮȞIJȚțȩ
ǼȐȞʌĮȡĮȝȑȞȠȣȞȣʌȠȜİȓȝȝĮIJĮȜȓʌȠȣȢȕȠȣIJȒȟIJİIJȠįȠȤİȓȠȝȑıĮıİȞİȡȩ
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ʌȜȣȞIJȒȡȚȠ ʌȚȐIJȦȞ Ȓ ȞĮ ȤȡȘıȚȝȠʌȠȚȒıİIJİ ȑȞĮ įȚĮșȑıȚȝȠ ıIJȠ İȝʌȩȡȚȠ
țĮșĮȡȚıIJȚțȩijȠȪȡȞȠȣȆȠIJȑȝȘȞȕȐȗİIJİȟĮȞȐȑȞĮȕȡȫȝȚțȠįȠȤİȓȠȝȑıĮ
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ȈȊȈȀǼȊǼȈǹȆȅǹȃȅȄǼǿǻȍȉȅȋǹȁȊǺǹdzǹȁȅȊȂǿȃǿȅ
ȀĮșĮȡȓıIJİIJȘȞʌȩȡIJĮIJȠȣijȠȪȡȞȠȣȝȩȞȠȝİȞȠIJȚıȝȑȞȠʌĮȞȓȒıijȠȣȖȖȐȡȚ
ȈțȠȣʌȓıIJİȝİȑȞĮȝĮȜĮțȩʌĮȞȓ
ȂȘȤȡȘıȚȝȠʌȠȚİȓIJİıȣȡȝȐIJȚȞĮıijȠȣȖȖĮȡȐțȚĮȠȟȑĮȒįȚĮȕȡȦIJȚțȐȣȜȚțȐ
țĮșȫȢĮȣIJȐȝʌȠȡİȓȞĮʌȡȠțĮȜȑıȠȣȞȗȘȝȚȐıIJȘȞİʌȚijȐȞİȚĮIJȠȣijȠȪȡȞȠȣ
ȀĮșĮȡȓıIJİIJȠȞʌȓȞĮțĮİȜȑȖȤȠȣIJȠȣijȠȪȡȞȠȣȝİIJȚȢȓįȚİȢʌȡȠijȣȜȐȟİȚȢ
ȀǹĬǹȇǿȈȂȅȈȉȅȊȀǹȉȍȂǼȇȅȊȈȉǾȈȀȅǿȁȅȉǾȉǹȈ
ǹțȠȜȠȣșȒıIJİ ĮȣIJȐ IJĮ ȕȒȝĮIJĮ ȖȚĮ IJȠȞ țĮșĮȡȚıȝȩ IJȦȞ ȣʌȠȜİȚȝȝȐIJȦȞ
ĮıȕİıIJȩȜȚșȠȣĮʌȩIJȠțȐIJȦȝȑȡȠȢIJȘȢțȠȚȜȩIJȘIJĮȢ
ȈȣȞȚıIJȐIJĮȚȠțĮșĮȡȚıȝȩȢIJȠȣțȐIJȦȝȑȡȠȣȢIJȘȢțȠȚȜȩIJȘIJĮȢȝİIJȐĮʌȩ
țȪțȜȠȣȢȝĮȖİȚȡȑȝĮIJȠȢ
ȇȓȟIJİPOȜİȣțȩȟȪįȚıIJȠțȐIJȦȝȑȡȠȢIJȘȢțȠȚȜȩIJȘIJĮȢ
ȈǾȂǼǿȍȈǾȉȪʌȠȢȟȣįȚȠȪ
ȆİȡȚȝȑȞİIJİȜİʌIJȐıİșİȡȝȠțȡĮıȓĮįȦȝĮIJȓȠȣ
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ǹȞȠȓȟIJİIJȘȞʌȩȡIJĮIJȠȣijȠȪȡȞȠȣ
ǹıijĮȜȓıIJİIJȠȣȢȝİȞIJİıȑįİȢĮijĮȚȡȑıIJİIJȚȢȕȓįİȢțĮȚĮijĮȚȡȑıIJİİʌȐȞȦȝİIJĮȜȜȚțȩțȐȜȣȝȝĮIJȡĮȕȫȞIJĮȢIJȠʌȡȠȢIJĮİʌȐȞȦ
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ǼʌȐȞȦıİȩȜĮIJĮIJȗȐȝȚĮʌȡȑʌİȚȞĮįȚĮȕȐȗİIJĮȚȘȑȞįİȚȟȘ´/RZ(´țĮȚȞĮȕȡȓıțİIJĮȚıIJȘȞĮȡȚıIJİȡȒʌȜİȣȡȐIJȘȢʌȩȡIJĮȢțȠȞIJȐıIJȠȞĮȡȚıIJİȡȩʌȜİȣȡȚțȩ
ȝİȞIJİıȑȂİĮȣIJȩIJȠȞIJȡȩʌȠȘIJȣʌȦȝȑȞȘİIJȚțȑIJĮIJȠȣʌȡȫIJȠȣIJȗĮȝȚȠȪșĮİȓȞĮȚȝȑıĮıIJȘȞʌȩȡIJĮ
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ǹȞȠȓȟIJİIJȠȣȢıijȚȖțIJȒȡİȢIJȠȣʌİȡȚȕȜȒȝĮIJȠȢȐȡșȡȦıȘȢıIJȘįİȟȚȐțĮȚIJȘȞ
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ǹȞIJȚțĮIJĮıIJȒıIJİIJȠʌĮȡȐșȣȡȠĮțȠȜȠȣșȫȞIJĮȢIJȘįȚĮįȚțĮıȓĮĮȞIJȓıIJȡȠijĮ
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ȄİȕȚįȫıIJİIJȘȕȓįĮȝİĮȡȚıIJİȡȩıIJȡȠijȘțĮIJİȪșȣȞıȘ
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ȀĮșĮȡȓıIJİIJȚȢʌȜİȣȡȚțȑȢȡȐȖİȢıİȑȞĮʌȜȣȞIJȒȡȚȠʌȚȐIJȦȞȒȝİȑȞĮȣȖȡȩıijȠȣȖȖȐȡȚțĮȚıIJȘıȣȞȑȤİȚĮıțȠȣʌȓıIJİIJȚȢĮȝȑıȦȢ
ǹijȠȪȑȤİIJİțĮșĮȡȓıİȚIJȚȢʌȜİȣȡȚțȑȢȡȐȖİȢIJȠʌȠșİIJȒıIJİIJȚȢȟĮȞȐıIJȘșȑıȘIJȠȣȢțĮȚıijȓȟIJİȟĮȞȐIJȚȢȕȓįİȢijȡȠȞIJȓȗȠȞIJĮȢȞĮıȣıijȚȤșȠȪȞʌȜȒȡȦȢ
ǹȃȉǿȀǹȉǹȈȉǹȈǾȉȅȊȁǹȂȆȉǾȇǹ
ǹʌȠıȣȞįȑıIJİIJȠȞijȠȪȡȞȠĮʌȩIJȘȞʌĮȡȠȤȒIJȠȣȡİȪȝĮIJȠȢ
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șİȡȝȠțȡĮıȓĮįİȞȑȤȠȣȞȡȣșȝȚıIJİȓ
ǹʌİȞİȡȖȠʌȠȚȒıIJİIJȠțȜİȓįȦȝĮȖȚĮʌĮȚįȚȐ
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