Download Samsung WA90UAVEP Manual de Usuario

-BWBEPSB
NBOVBMEFMVTVBSJP
JNBHJOFMBTQPTJCJMJEBEFT
(SBDJBTQPSBERVJSJSFTUFQSPEVDUP4BNTVOH
4JEFTFBSFDJCJSVOTFSWJDJPNÈTDPNQMFUP
SFHJTUSFFMQSPEVDUPFO
XXXTBNTVOHDPNHMPCBMSFHJTUFS
DBSBDUFSÓTUJDBT
t
4JTUFNB4JMWFS8BTI
&TVOTJTUFNBEFDPOUSPMEFMMBWBEPRVFQFSNJUFFMJNJOBSMBCBDUFSJBTPDVMUBTFOMPT
UFKJEPTEVSBOUFFMMBWBEPPFMFOKVBHBEPQBSBQSPUFHFSMBQJFMEFCBDUFSJBTQFSKVEJDJBMFT
NFEJBOUFVOSFWFTUJNJFOUPBOUJCBDUFSJBMDPOTFHVJEPDPOFMMBWBEPFOQMBUB4JMWFS8BTI
Z
QBSBSFBMJ[BSVOBGÈDJMFTUFSJMJ[BDJØO$POFTUFTJTUFNBUBNCJÏOTFQSFWJFOFMBQSPQBHBDJØO
EFMBTCBDUFSJBTQPSMBSPQBEFMBDPMBEBHSBDJBTBMSFWFTUJNJFOUPBOUJCBDUFSJBM
t
4JTUFNB.JTU4IPXFS
&MJNJOBDJØOFGJDB[EFMPTSFTJEVPT-BWBQPSJ[BDJØOEJTVFMWFMPTEFUFSHFOUFTQBSBSPQB
NÈTFGJDB[NFOUFMPRVFGBDJMJUBMBFMJNJOBDJØOEFMPTSFTJEVPT
"IPSSPEFVOEFBHVB6OBWBQPSJ[BDJØOGJOBEFBHVBTPCSFMBQSFOEBSFEVDFMB
DBOUJEBEEFBHVBOFDFTBSJB
t
4JTUFNBEFTFDBEP"JS5VSCP
-BUFDOPMPHÓB"JS5VSCPDFOUSJGVHBGVFSUFZSÈQJEBNFOUFEFUBMNBOFSBRVFTFOFDFTJUB
NFOPTUJFNQPEFTFDBEP
"*3563#0BIPSSBUJFNQPZBRVFBTFHVSBRVFMBSPQBTFTFRVFVONÈT
SÈQJEBNFOUFRVFFOVOBMÓOFBEFTFDBEPJOEJWJEVBM&TQFDJBMNFOUFFOMBÏQPDBEFMMVWJBT
ZDPOUJFNQPNVZIÞNFEPMBQSFOEBRVFBOUFTUBSEBCBEÓBTFOTFDBSTFDPNPUPBMMBT
NBOUBTZUFKJEPTHSVFTPTTFTFDBNÈTSÈQJEBNFOUF
"*3563#0RVFQFSNJUFVOGÈDJMQMBODIBEPFTQFSGFDUPQBSBSPQBEFMJDBEBZUFKJEP
TJOUÏUJDP:BOPIBDFGBMUBDPMHBSZFTQFSBS1MBODIFMBSPQBOBEBNÈTBMTBDBSMBEFMB
MBWBEPSBZBRVF"*3563#0FMJNJOBMBDBOUJEBETVGJDJFOUFEFBHVBQBSBNBOUFOFSMB
SPQBDPOVOBIVNFEBEKVTUBQBSBQMBODIBSMB
t
$POUSPM'V[[Z
&MDPOUSPM'V[[ZEFUFDUBFMFDUSØOJDBNFOUFMBDBSHBZBDUJWBFMDJDMPEFMBWBEPNÈT
BEFDVBEP
t
7FOUBOBUSBOTQBSFOUF
&TUBWFOUBOBUSBOTQBSFOUFFTVOBOVFWBDSFBDJØOQFOTBEBQBSBTBUJTGBDFSMBDVSJPTJEBE
RVFTJFOUFOMPTVTVBSJPTEFNJSBSFMJOUFSJPSEFVOBMBWBEPSBFOGVODJPOBNJFOUP
.JFOUSBTMBMBWBEPSBFTUÈGVODJPOBOEPQPESÈDPNQSPCBSFMQSPHSFTPEFMMBWBEPBUSBWÏT
EFMBWFOUBOBUSBOTQBSFOUF
t
1PUFOUFHFOFSBEPSEFJNQVMTPTEPCMF.FOPTFOSFEPTNFKPS
SFOEJNJFOUPEFMBWBEP
4JOFOSFEPT-PTDIPSSPTEFBHVBEFEJTUJOUPTUBNB×PTFMJNJOBOMPTFOSFEPTEFMBQSFOEB
5FDOPMPHÓBEFMGMVKPEFBHVBEJTF×BEBFTQFDÓGJDBNFOUFQBSBNFKPSBSFMSFOEJNJFOUPEFM
MBWBEP-BQPUFODJBEFMPTWJPMFOUPTDIPSSPTEFBHVBEFEJWFSTPTUBNB×PTHBSBOUJ[BOVO
FYDFMFOUFSFOEJNJFOUPEFMMBWBEP
t
'JMUSPNÈHJDP
&TUFFYDMVTJWPGJMUSPNÈHJDPHBSBOUJ[BMBDBQUVSBEFUPEBMBQFMVTBEFMJOUFSJPSEFMUBNCPS
QPSNFEJPEFVOPTGJMUSPTEFHSBODBMJEBEPGSFDJFOEPVOBMJNQJF[BBMUBNFOUFFGJDB[
t
3FJOJDJPBVUPNÈUJDP
-BBMJNFOUBDJØOTFBDUJWBBVUPNÈUJDBNFOUFEFTQVÏTEFMBJOUFSSVQDJØOEFTVNJOJTUSP
FMÏDUSJDP
t
%JTQFOTBEPSEFTVBWJ[BOUF
&MEJTQFOTBEPSEFTVBWJ[BOUFQPOFFODPOUBDUPFTUFQSPEVDUPDPOMBSPQBFOFM
NPNFOUPBEFDVBEPEVSBOUFFMÞMUJNPFOKVBHVF
t
'VODJØOEFCMPRVFPQBSBOJ×PT
4FUSBUBEFVOEJTQPTJUJWPQBSBFWJUBSRVFMPTOJ×PTTVGSBOBDDJEFOUFTTJKVFHBODPOMB
MBWBEPSB1BSBPCUFOFSNÈTJOGPSNBDJØODPOTVMUFMBQÈHJOB
@'FBUVSFT
JOTUSVDDJPOFTEFTFHVSJEBE
-BTTJHVJFOUFTQSFDBVDJPOFTEFTFHVSJEBEUSBUBOEFFWJUBSSJFTHPTZQSFWFOJS
EB×PTZMFBZVEBSÈOBIBDFSVOVTPDPSSFDUPZTFHVSPEFMBNÈRVJOB
$VBOEPVUJMJDFBHVBDBMJFOUFBMMBWBSBTFHÞSFTFEFRVFMBUFNQFSBUVSBOP
TPCSFQBTFMPT$
t -BTQJF[BTEFQMÈTUJDPTFQVFEFOEFGPSNBSPEB×BSZDBVTBSVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
"%7&35&/$*"
"%7&35&/$*"
4JOPIBDFDBTPEFFTUBTJOTUSVDDJPOFTTFQVFEFQSPEVDJSVOBDDJEFOUFGBUBMPVOBMFTJØOHSBWF
t 4JTFEB×BFMFODIVGFDBCMFEFBMJNFOUBDJØOFMÏDUSJDB
QBSBFWJUBSBDDJEFOUFTEFCFSÈ
TVTUJUVJSMPFMGBCSJDBOUFVOUÏDOJDPEFSFQBSBDJPOFTPVOBQFSTPOBJHVBMNFOUFDBMJGJDBEB
t /PUJSFEFMDBCMFOJMPUPRVFDVBOEPUFOHBMBTNBOPTIÞNFEBT
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t /PEPCMFFMDBCMFEFBMJNFOUBDJØOFMÏDUSJDBOJDPMPRVFTPCSFÏMPCKFUPTQFTBEPT
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t /PJOTUBMFMBMBWBEPSBDFSDBEFMBBDPNFUJEBFMÏDUSJDBOJQPOHBTPCSFFMMBWFMBTPDJHBSSJMMPT
FODFOEJEPT
¦ 1VFEFQSPEVDJSTFVOJODFOEJP
t .JFOUSBTFTUÏFOGVODJPOBNJFOUPOPQPOHBMBTNBOPTOJNBUFSJBMFTNFUÈMJDPTCBKPMB
MBWBEPSB
¦ 1VFEFIFSJSTFDPOMBQMBDBEFDFOUSJGVHBEPTJUVBEBFOMBQBSUFJOGFSJPSEFMBMBWBEPSB
t 1FSNBOF[DBBMFKBEPEFMBMBWBEPSBTJMBQBSUFJOGFSJPSTFJOVOEBEFBHVB
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDB&TQFSFIBTUBRVFMBMBWBEPSBEFTBHàF
DPNQMFUBNFOUF
t /PDPMPRVFSPQBNBODIBEBEFHBTPMJOBCFODFOPPBMDPIPMFOMBMBWBEPSBOJEFKFRVFFTUPT
QSPEVDUPTFOUSFOFODPOUBDUPDPOMBNÈRVJOB
¦ 1VFEFQSPEVDJSTFVOBFYQMPTJØOPVOJODFOEJP
t %VSBOUFFMDFOUSJGVHBEPOPDPMPRVFMBTNBOPTFOFMUBNCPS
¦ 1PESÓBIBDFSTFEB×P4JOPTFEFUJFOFBMPTTFHVOEPTEFBCSJSMBUBQBMMBNFBM
TFSWJDJPUÏDOJDPJONFEJBUBNFOUF
t &TUFFMFDUSPEPNÏTUJDPOPFTUÈQFOTBEPQBSBRVFMPVTFOOJ×PTQFRVF×PTPQFSTPOBTDPO
EJTDBQBDJEBEFTTJOMBTVQFSWJTJØOEFVOBQFSTPOBSFTQPOTBCMFRVFHBSBOUJDFVOVTPTFHVSP
EFMBQBSBUP
/PEFKFRVFMPTOJ×PTQFRVF×PTKVFHVFODPOFMFMFDUSPEPNÏTUJDP
t &TUFFMFDUSPEPNÏTUJDPEFCFDPOFDUBSTFBVOBUPNBEFDPSSJFOUFDPSSFTQPOEJFOUFBM
DPOTVNPEFQPUFODJBBEFDVBEP
t &TUFFMFDUSPEPNÏTUJDPEFCFDPMPDBSTFEFNPEPRVFFMFODIVGFTFBBDDFTJCMFEFTQVÏTEFMB
JOTUBMBDJØO
t /PIBZQJF[BTRVFFMVTVBSJPQVFEBSFQBSBSFOFMJOUFSJPS5PEBTMBTSFQBSBDJPOFTEFCFO
EFKBSTFFONBOPTEFQFSTPOBMEFNBOUFOJNJFOUPDBMJGJDBEP
¦ &ODBTPDPOUSBSJPQPESÓBQSPWPDBSVOGBMMPNFDÈOJDPVOJODFOEJPVOBEFTDBSHB
FMÏDUSJDBPMFTJPOFTGÓTJDBT
¦ -BHBSBOUÓBOPDVCSFMPTQSPCMFNBTRVFQVFEBOEFSJWBSTFEFMEFTNPOUBKFEFMQSPEVDUP
t /PVUJMJDFFTUFBQBSBUPDPOGJOFTDPNFSDJBMFT
t &OFMDBTPEFMBWBEPSBTDPOBCFSUVSBTEFWFOUJMBDJØOFOMBCBTFBTFHÞSFTFEFRVFÏTUBTOP
RVFEFOPCTUSVJEBTQPSVOBBMGPNCSB
4BGFUZJOTUSVDUJPOT@
JOTUSVDDJPOFTEFTFHVSJEBE
13&$"6$*0/&4
13&$"6$*»/
4JOPIBDFDBTPEFFTUBTJOTUSVDDJPOFTTFQVFEFOQSPEVDJSEB×PTPMFTJPOFTMFWFT
t /PJOTUBMFMBNÈRVJOBFOVOB[POBIÞNFEBOJFOFMFYUFSJPSEPOEFMMVFWFPOJFWB
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t %FTDPOFDUFFMDBCMFEFBMJNFOUBDJØOFMÏDUSJDBTJOPVUJMJ[BMBNÈRVJOB
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t 4JIBZQPMWPPBHVBFOFMFODIVGFEFBMJNFOUBDJØOFMÏDUSJDBZFOMBQJF[BDPOFDUBEBSFUÓSFMPT
DPNQMFUBNFOUF
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t &WJUFRVFMPTOJ×PTTFBTPNFOBMJOUFSJPSEFMBMBWBEPSB
¦ 4JDBFOEFOUSPTVWJEBQVFEFDPSSFSQFMJHSP
t &ODBTPEFFTDBQFEFHBTWFOUJMFMBIBCJUBDJØOJONFEJBUBNFOUFTJOUPDBSFMFODIVGF
¦ 4JMFBMDBO[BVOBMMBNBQVFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t 4JMBMBWBEPSBFNJUFSVJEPTIVNPTVPMPSFTFYUSB×PTEFTDPOÏDUFMBJONFEJBUBNFOUFZMMBNF
BMTFSWJDJPUÏDOJDP
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t $VBOEPMBMJNQJFOPSPDÓFEJSFDUBNFOUFMBTQJF[BTEFMBMBWBEPSBDPOBHVB
¦ 1VFEFSFEVDJSTVWJEBÞUJM
5BNCJÏOQVFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t /PDPOFDUFWBSJPTBQBSBUPTFMÏDUSJDPTBVOBTPMBUPNBEFDPSSJFOUF
¦ 1VFEFQSPEVDJSTFVOJODFOEJPEFCJEPBVOBVNFOUPEFUFNQFSBUVSB
t /PQVMTFFMCPUØODPOVOQVO[ØOPVOBBHVKB
¦ 1VFEFQSPEVDJSTFVOBEFTDBSHBFMÏDUSJDBPVOJODFOEJP
t 6UJMJDFMBTOVFWBTGJKBDJPOFTQBSBMBNBOHVFSBMBTWJFKBTOPTFEFCFOWPMWFSBVUJMJ[BS
t 4JTFQFSDJCFVOEFUFSJPSPFOFMDBCMFFOVTPMPEFCFTVTUJUVJSFMGBCSJDBOUFFMDFOUSPEF
TFSWJDJPPVOBQFSTPOBBVUPSJ[BEBDPOFMGJOEFFWJUBSSJFTHPT
t $POFDUFFMDBCMFEFUPNBEFUJFSSBBMBQMBDBEFMBDVCJFSUBZFOUJÏSSFMPBMNFOPTBDNEF
QSPGVOEJEBEPUSBQPTJCJMJEBEFTDPOFDUBSFMDBCMFEFUPNBEFUJFSSBBMBDMBWJKBBQSPQJBEBEF
VOFODIVGFBEFDVBEBNFOUFQVFTUPBUJFSSB/PDPOFDUFOVODBFMDBCMFBMBMÓOFBEFUFMÏGPOP
VOQBSBSSBZPTPVOBUVCFSÓBEFHBT @4BGFUZJOTUSVDUJPOT
ÓOEJDF
*/45"-"$*»/%&-"-"7"%03"
'6/$*0/&4."/6"-&4
*/45"-"$*»/:."/5&/*.*&/50
40-6$*»/%&130#-&."4
FTDSJQDJØOEFMBTQJF[BT
%
$PNQSPCBDJØOBOUFTEFMMBWBEPZDVJEBEP
EFMBTQSFOEBT
-BWBEPBVUPNÈUJDPTFHÞOFMUJQPEFDPMBEB
1BOFMEFDPOUSPM
'
VODJPOFTNBOVBMFT
&OUPSOP
/JWFMBDJØO
$POFYJØOEFMBNBOHVFSBEFTVNJOJTUSPEF
BHVB
&OTBNCMBKFEFMQBOFMEFQSPUFDDJØODPOUSB
SPFEPSFT
$POFYJØOEFMBNBOHVFSBEFEFTBHàF
$ØNPQPOFSFMEFUFSHFOUF
$ØNPB×BEJSFMTVBWJ[BOUF
'JMUSPEFMDPOFDUPSEFTVNJOJTUSPEFBHVB
-JNQJF[BEFMGJMUSP
-JNQJF[BEFMGJMUSPEFMBCPNCB
4PMVDJØOEFQSPCMFNBT
{-"-"7"%03"/0'6/$*0/" &41&$*'*$"$*0/&4
{
-BMBWBEPSBOPGVODJPOB
&
TQFDJGJDBDJPOFT
$POUFOUT@
JOTUBMBDJØOEFMBMBWBEPSB
%&4$3*1$*»/%&-"41*&;"4
&MNBOVBMEFMVTVBSJPTJSWFQBSBWBSJBTNÈRVJOBT
4JHBMBTJOTUSVDDJPOFTEFMNBOVBMEFMVTVBSJPEFBDVFSEPDPOFMNPEFMPEFTVMBWBEPSB
5BQB
"TFHÞSFTFEFDFSSBSMB
UBQBEVSBOUFFMMBWBEPZFM
DFOUSJGVHBEP
'JMUSP
4JMWFS8BTI
.BOHVFSBEFTVNJOJTUSPEF
BHVBDBMJFOUF
.BOHVFSBEFTVNJOJTUSPEF
BHVBGSÓB
.BOHVFSBEFESFOBKFCPNCB
&MGJMUSPSFDPHFMBTQFMVTBT
EVSBOUFFMMBWBEP
$PNQBSUJNJFOUPEFMEFUFSHFOUF
%JTQFOTBEPSEFM
TVBWJ[BOUF
5BNCPSEFDFOUSJGVHBEP $BCMFEFBMJNFOUBDJØO
(FOFSBEPSEF
JNQVMTPT
$POUSPMFTEFM
QBOFMGSPOUBM
1BUBTSFHVMBCMFT
"KVTUFMBMPOHJUVEEF
MBTQBUBTBMJOTUBMBSMB
MBWBEPSB
@4FUUJOHVQZPVSXBTIFS
5PNBEFUJFSSB
4JMBUVCFSÓBEFMBHVBFT
NFUÈMJDBDVCSBFMFYUSFNP
EFMDBCMFEFUPNBBUJFSSB
.BOHVFSBEFEFTBHàF
1BOFMEFQSPUFDDJØO
DPOUSBSPFEPSFT $0.130#"$*»/"/5&4%&--"7"%0:$6*%"%0%&-"4
13&/%"4
%FCFSFBMJ[BSVOBTFSJFEFDPNQSPCBDJPOFTQBSBFWJUBSQSPCMFNBTFOMBNÈRVJOBPEB×PTFOMBSPQB
t 4JFMDBVTBOUFEFMPTTJHVJFOUFTQSPCMFNBTFTFMDMJFOUFEFCFSÈIBDFSTFDBSHPEFMDPTUFEFMB
SFQBSBDJØO
$PNQSPCBDJPOFTBOUFTEFJOJDJBSFMMBWBEP
1SFOEBTOPMBWBCMFT
-BTQSFOEBTGÈDJMNFOUFBMUFSBCMFTJODMVTPFOMBGBTFEFSFNPKP
t -BTDPSCBUBTMPTTVKFUBEPSFTMBTDIBRVFUBTMPTUSBKFTZMPTBCSJHPTQVFEFOGÈDJMNFOUF
FODPHFSPEFTUF×JSTJNQMFNFOUFTVNFSHJÏOEPMPTFOBHVBZBRVFFOTVNBZPSÓBFTUÈO
IFDIPTEFSBZØOQPMJOØTJDPFUDZUFKJEPTNF[DMBEPT
t -BTQSFOEBTQMJTBEBTDPOIVFDPTPUSBUBEBTDPOSFTJOBTPOGÈDJMNFOUFBMUFSBCMFTJODMVTPFO
MBGBTFEFSFNPKP
t 1SFOEBTRVFEFTUJ×FOGÈDJMNFOUFIFDIBTEFBMHPEØOZMBOBTFEBBSSVHBEBQSFOEBTEFQJFM
BDDFTPSJPTEFQJFMSPQBDPOBEPSOPTEFQJFMZTVTBDDFTPSJPT
t /PMBWFFTUBTQSFOEBTTJOUFOFSFODVFOUBMBTEJSFDUSJDFTPMBTJOEJDBDJPOFTTPCSFFMNBUFSJBM
RVFWJFOFOEFTDSJUBTFOMBFUJRVFUB
"DFSDBEFMEFUFSHFOUF
t $VBOEPFMEFUFSHFOUFOPTFEJTVFMWFCJFOVUJMJDFBHVBUJCJBBQSPYJNBEBNFOUF$
QBSB
EJTPMWFSMP
13&$"6$*»/
t 6UJMJDFVOBDBOUJEBEBEFDVBEB
t "VORVFVTFVOBDBOUJEBEFYDFTJWBEFEFUFSHFOUFOPOPUBSÈNVDIBEJGFSFODJBFOMPT
SFTVMUBEPTEFMMBWBEP1VFEFRVFEB×FMBTQSFOEBTBMOPTFSTVGJDJFOUFFMFOKVBHBEP
t -PTBHFOUFTCMBORVFBEPSFTQVFEFOEB×BSMBTQSFOEBTBMTFSEFNBTJBEPBMDBMJOPT
t 3FBMJDFMPTFOKVBHBEPTOFDFTBSJPTQPSRVFFMEFUFSHFOUFFOQPMWPTFRVFEBGÈDJMNFOUF
FOMBSPQBZQSPEVDFNBMPMPS
t 4JTFVTBBHVBGSÓBPEFNBTJBEPEFUFSHFOUFÏTUFOPTFEJTPMWFSÈDPNQMFUBNFOUF
ZQFSNBOFDFSÈFOMBSPQBMBNBOHVFSBPFMUBNCPSEFDFOUSJGVHBEPDPOMPRVF
DPOUBNJOBSÈMBUJOB
t &ODBTPEFQSFOEBTFTQFDJBMFTFMEFUFSHFOUFEFCFSÈDPMPDBSTFFOFMDPNQBSUJNJFOUP
EFMEFUFSHFOUF4JFMEFUFSHFOUFFOQPMWPTFFYUJFOEFTPCSFMBSPQBEJSFDUBNFOUFÏTUB
QVFEFQFSEFSFMDPMPS
4FUUJOHVQZPVSXBTIFS@
4FUUJOHVQZPVSXBTIFS
$PNQSVFCFTJMBTSPQBTEFTUJ×FOPOP
t "×BEBEFUFSHFOUFMÓRVJEPBVOBUPBMMBCMBODBZBMBQSFOEBFOMBRVFOPQVFEBBQSFDJBSMP
CJFO"DPOUJOVBDJØOGSØUFMBTKVOUBTDPOGVFS[B$PNQSVFCFTJFMDPMPSTFIBUSBOTGFSJEPBMB
UPBMMB
t 5FOHBDVJEBEPDPOMPTQB×VFMPTZMBTQSFOEBTJNQPSUBEBTZBRVFEFTUJ×FOGÈDJMNFOUF
t $PNQSVFCFTJIBZNBODIBTPTVDJFEBEQBSDJBM
t 4JFODVFOUSBNBODIBTVUJMJDFMBUPBMMBIÞNFEBDPOEFUFSHFOUFQBSBGSPUBSMBTFOVOBÞOJDB
EJSFDDJØO
t "OUFTEFMBWBSMBSPQBDFQJMMFDPOEFUFSHFOUFFMDVFMMPMBTNBOHBTMPTEPCMBEJMMPTZMPT
CPMTJMMPT
-BSPQBQMJTBEBEFMBOBTFUSBUBFTQFDJBMNFOUFIJMWBOBOEPMPTQMJFHVFTBOUFTEFMMBWBEP6OBWF[
TFDBEBMBSPQBTFSFUJSBOMPTIJMPT
JOTUBMBDJØOEFMBMBWBEPSB
$VJEBEPEFMBSPQBBOUFTEFMBWBSMB
4BRVFMPTFGFDUPTQFSTPOBMFTEFMPTCPMTJMMPT
t 1SFDBVDJØODPNQSVFCFMPTCPMTJMMPT-BTIPSRVJMMBTZMBTNPOFEBT
QVFEFOEB×BSMBSPQBZMBMBWBEPSB1VFEFOQSPEVDJSSVJEPZ
QSPCMFNBTFOMBNÈRVJOB%FCFDPNQSPCBSMPTCPMTJMMPT
4JMBTDSFNBMMFSBTEFMPTQBOUBMPOFTFTUÈOBCJFSUBTEVSBOUFFM
MBWBEPFMUBNCPSEFDFOUSJGVHBEPQVFEFEB×BSTF"OUFTEFMBWBS
EFCFDFSSBSMBDSFNBMMFSBZGJKBSMBDPOVODPSEØO
t -BTQJF[BTEFNFUBMEFMBSPQBQVFEFOEB×BSÏTUBZFMUBNCPS
t %ÏMBWVFMUBBMBTQSFOEBTDPOCPUPOFTPCPSEBEPTBOUFTEFMBWBSMBT
t -BSPQBDPOGMFDPTMBSHPTQVFEFFOSFEBSTFDPOPUSBSPQBBNCBT
QPESÓBOEB×BSTF'JKFMPTGMFDPTBOUFTEFMMBWBEP
-BSPQBSFTJTUFOUFBMBHVBSPQBEFFTRVÓQSPUFDUPSFTJNQFSNFBCMFTQBSBDBNBTFUD
OP
TFQVFEFMBWBS
t -BQSFOEBTFQPESÓBFYQVMTBSPTFQPESÓBOQSPEVDJSWJCSBDJPOFTBOPSNBMFTEFMBMBWBEPSB
MPRVFQPESÓBDBVTBSMFTJPOFTGÓTJDBTPEB×BSMBMBWBEPSBFMTVFMPPMBSPQB1B×BMFTSPQB
SFTJTUFOUFBMBHVBJNQFSNFBCMFTGVOEBTEFQBSBHVBTSPQBEFFTRVÓGVOEBTEFDPDIFTZ
TBDPTEFEPSNJSFUD
t $VBOEPFMUBNCPSHJSBFMBHVBQVFEFRVFEBSBUSBQBEBFOUSFMBSPQBPMPTUFKJEPTSFTJTUFOUFT
BMBHVBZBDVNVMBSTFFOVOFTRVJOBMPRVFQSPWPDBSÓBWJCSBDJPOFTBOPSNBMFT"EFNÈTMB
QSFOEBBTDJFOEFZQVFEFSFTVMUBSFYQVMTBEBZDBVTBSMFTJPOFTGÓTJDBT
4BDVEBFMQPMWPPMBTVDJFEBEEFMBSPQB
t -BUJFSSBZMBBSFOBQVFEFOSP[BSMBTQSFOEBTEFMJDBEBTZFTUSPQFBSMBTBEFNÈTFMSFTVMUBEP
EFMMBWBEPQVFEFOPTFSFMFTQFSBEP
&GFDUÞFVOQSFMBWBEPQBSBMPTDBMDFUJOFTQV×PTZDVFMMPTCMBODPTBOUFTEFMMBWBEP
QSJODJQBM
t &OMBTNBODIBTZMBTVDJFEBEFODVFMMPTQV×PTEPCMBEJMMPTZCPMTJMMPTBQMJRVFVOQPDPEF
EFUFSHFOUFZGSPUFMJHFSBNFOUFDPOVODFQJMMPBOUFTEFMMBWBEP
t 6UJMJDFTØMPEFUFSHFOUFFOQPMWPPMÓRVJEP/PVUJMJDFKBCØOQVFTFMUBNCPSQPESÓBFOTVDJBSTF
BDBVTBEFMBTVDJFEBEMJCFSBEBQPSFMKBCØO
%ÏMBWVFMUBBMBTQSFOEBTEFGFMQBBOUFTEFMBWBSMBT
t 4JUJFOFQSFOEBTEFNBTJBEPTVDJBTMÈWFMBTBQBSUF4JOPFMSFTUPEFMB
SPQBQVFEFSFDPHFSMBTVDJFEBEQFMVTBTFUD
t -BWFMBSPQBOFHSBZMBTUPBMMBTEFBMHPEØOJOEFQFOEJFOUFNFOUF4JMBT
MBWBKVOUBTMBTUPBMMBTQVFEFOSFDPHFSMBTVDJFEBE$PNQSVFCFUPEP
FTUPBOUFTEFMBWBS
&MDBDIFNJSZBRVFMMBTQSFOEBTRVFUJFOFOHSBOWPMVNFOZQPDP
QFTPQPSFKFNQMPMBSPQBEFDPSBEBDPOMÈTFSMBMFODFSÓBMBTNFEJBT
EFOZMPOMPTUFKJEPTTJOUÏUJDPTFUD
QVFEFOBTDFOEFSZQSPEVDJSEB×PT
FOMBQSPQJBSPQBZFOMBNÈRVJOB6UJMJDFVOBCPMTBEFNBMMBPMÈWFMBT
QPSTFQBSBEP
t "OUFTEFMBWBSMBEFCFSÈDPMPDBSMBSPQBDPOGMFDPTMBSHPTMBSPQB
USBCBKBEBDPOMÈTFSMBTDPMDIBTZMBSPQBEFMBOBFOVOBCPMTBEFNBMMB
QBSBDPMBEBT
t $PMPRVFMBSPQBEFMJDBEBFOVOBCPMTBEFNBMMBQBSBDPMBEBT
t 6UJMJDFTØMPCPMTBTFTQFDJBMNFOUFEJTF×BEBTQBSBMBWBEPSBT
-BTDPSUJOBTMBTQSFOEBTWBQPSPTBTZMPTQBOUBMPOFTKFBOTQPESÓBORVFEBSGMPUBOEP
t 4JFTUPPDVSSFQVMTFFMCPUØO*OJDJP1BVTBQBSBEFUFOFSMBMBWBEPSBZIVOEBMBSPQBFO
FMBHVB4JFMMBWBEPDPOUJOÞBDPOMBSPQBGMPUBOEPUBOUPÏTUBDPNPMBNÈRVJOBQPESÓBO
EB×BSTFZMPTSFTVMUBEPTEFMBWBEPOPTFSÈOMPTFTQFSBEPT
@4FUUJOHVQZPVSXBTIFS
-"7"%0"650.«5*$04&(Á/&-5*10%&13&/%"
"OUFTEFFNQF[BSBMBWBSIBHBMBTTJHVJFOUFTDPNQSPCBDJPOFT
t $POFDUFMBNBOHVFSBEFTVNJOJTUSPEFBHVBBMBTBMJEBEFBHVB%FKFMBMMBWFBCJFSUB$POFDUFFMDBCMF
EFBMJNFOUBDJØO"TFHÞSFTFEFEFKBSMPCBKPMBNBOHVFSBEFEFTBHàF
-BWBEPQPSQSJNFSBWF[
/PUBTFTQFDJBMFT
'VODJØOEFEFUFDDJØOBVUPNÈUJDB
t &ODBEBDJDMPFYDFQUPMPTEF-BWBEPEFUBNCPSZ%FMJDBEB
MBDBOUJEBEEFQSFOEBTTF
EFUFDUBBVUPNÈUJDBNFOUFZBDPOUJOVBDJØOTFTFMFDDJPOBOBVUPNÈUJDBNFOUFFMOJWFMEF
BHVBFMUJFNQPEFMBWBEPFMDJDMPEFFOKVBHVFZFMUJFNQPEFDFOUSJGVHBEPQBSBSFBMJ[BSVO
MBWBEPBVUPNÈUJDP
t 6OBWF[FODFOEJEBMBNÈRVJOBTFTFMFDDJPOBVODJDMPZTFQVMTBFMCPUØO*OJDJP1BVTB
"DPOUJOVBDJØOFMNFDBOJTNPEFMBWBEPFNQJF[BBHJSBSTJOBHVB&TUBBDDJØOEFUFDUB
MBDBOUJEBEEFDPMBEBEFMUBNCPSEFMBWBEPOPFTVOQSPCMFNBEFMBNÈRVJOB6OBWF[
GJOBMJ[BEPFTUFQSPDFTPEFEFUFDDJØOFMBHVBTFTVNJOJTUSBBVUPNÈUJDBNFOUF
"EJDJØOEFEFUFSHFOUFZTVBWJ[BOUF
t 4FEFUFDUBMBDBOUJEBEEFQSFOEBTZTFJOEJDBFMOJWFMEFBHVBZMBDBOUJEBEEFEFUFSHFOUF"
DPOUJOVBDJØOFNQJF[BFMTVNJOJTUSPEFBHVB
t %VSBOUFFMTVNJOJTUSPEFBHVBQVFEFBCSJSFMDPNQBSUJNJFOUPEFMEFUFSHFOUFZB×BEJSNÈT
/PPCTUBOUFFTNFKPSQVMTBSFMCPUØO*OJDJP1BVTBQBSBEFUFOFSFMTVNJOJTUSPEFBHVBZ
B×BEJSFMEFUFSHFOUF$JFSSFMBUBQBZQVMTFEFOVFWPFMCPUØO*OJDJP1BVTB&TUFNÏUPEPFT
NÈTDPOWFOJFOUF
t 4JJOUSPEVDFFMTVBWJ[BOUFFOFMEJTQFOTBEPSEFTVBWJ[BOUFÏTUFTFB×BEJSÈBVUPNÈUJDBNFOUF
EVSBOUFFMÞMUJNPDJDMPEFFOKVBHVF
1POFSMBSPQBTVDJBFOMBMBWBEPSBZB×BEJSUBNCJÏOFMEFUFSHFOUF
t 5FOHBDVJEBEPEFOPTPCSFDBSHBSMBNÈRVJOB6UJMJDFFMEFUFSHFOUFBEFDVBEPQBSBMPTUFKJEPT
RVFWBBMBWBS
t 4JMBUBQBTFBCSFNJFOUSBTMBMBWBEPSBFTUÈGVODJPOBOEPÏTUBTFEFUFOESÈ
BVUPNÈUJDBNFOUFQPSSB[POFTEFTFHVSJEBE4JOFNCBSHPFMTVNJOJTUSPEFBHVB
DPOUJOÞBNJFOUSBTMBUBQBFTUÏBCJFSUB
t $VBOEPTFMFDDJPOFBHVBDBMJFOUFTFTVNJOJTUSBSÈUBOUPBHVBGSÓBDPNPBHVBDBMJFOUF
EVSBOUFMPTQSJNFSPTTFHVOEPTQBSBQSPUFHFSMBSPQB
t &TQPTJCMFDPOUSPMBSFMUJFNQPEFMBWBEPFMDJDMPEFFOKVBHBEPZFMUJFNQPEF
DFOUSJGVHBEPEFDBEBDJDMPEVSBOUFFMQSPDFTPEFMBWBEP
4FUUJOHVQZPVSXBTIFS@
4FUUJOHVQZPVSXBTIFS
"OUFTEFMBWBSQSFOEBTQPSQSJNFSBWF[EFCFFGFDUVBSVODJDMPDPNQMFUPEFMBWBEPTJOSPQB
1BSBFMMP
1VMTFFMCPUØO&ODFOEFS
"CSBFMDPNQBSUJNJFOUPEFMEFUFSHFOUFZQPOHBVOQPDPEFEFUFSHFOUF
"CSBMBMMBWFEFMTVNJOJTUSPEFBHVBBMBMBWBEPSB
1VMTFFMCPUØO*OJDJP1BVTB
$POFMMPFMJNJOBSÈDVBMRVJFSSFTUPEFBHVBRVFIBZBRVFEBEPFOMBMBWBEPSBEFTQVÏTEFMBT
QSVFCBTFGFDUVBEBTQPSFMGBCSJDBOUF
JOTUBMBDJØOEFMBMBWBEPSB
1"/&-%&$0/5301BSBPCUFOFSNÈTEFUBMMFTDPOTVMUFFMQBOFMEFDPOUSPMEFMBMBWBEPSB
#05»/&/$&/%&3
#05»/.&.03*"
#05»/*/*$*0
1"64"
#05»/%&
4&-&$$*»/
$*$-04
#05»/-"7"3
#05»/&/+6"("3
#05»/
$&/53*'6("3
1SF4FDBS
@4FUUJOHVQZPVSXBTIFS
1VMTFFTUFCPUØOVOBWF[QBSBQPOFSMBMBWBEPSBFONBSDIB
1ÞMTFMPEFOVFWPVOBWF[QBSBBQBHBSMB
1VMTFFTUFCPUØOVOBWF[QBSBQPOFSMBMBWBEPSBFONBSDIB
4FMFDDJPOFNBOVBMNFOUFMBTGVODJPOFTRVFEFTFFVUJMJ[BS$JDMPT4JMWFS8BTI
"JS5VSCP&OKVBHBS
-BTTFMFDDJPOFTTFHVBSEBOBVUPNÈUJDBNFOUFDVBOEPTFQVMTBFMCPUØO*OJDJP
1BVTB
1BSBVTBSVODJDMPNFNPSJ[BEPQVMTFFMCPUØO.FNPSJBZBDPOUJOVBDJØO
QVMTFFMCPUØO*OJDJP1BVTB
-BTGVODJPOFTNFNPSJ[BEBTTFNPTUSBSÈOFOFMQBOFM
1POHBVOQPDPEFEFUFSHFOUFZEFTVBWJ[BOUFEFFOKVBHBEPFOQSPQPSDJØOBM
OJWFMEFMBHVBZDJFSSFMBUBQB
&TUBGVODJØOQFSNJUFNFNPSJ[BSMBTGVODJPOFTEFVTPNÈTGSFDVFOUFZBTÓQPEFS
VTBSMBTNÈTGÈDJMNFOUFDVBOEPTFOFDFTJUFO
6UJMÓDFMPQBSBEFUFOFSZWPMWFSBQPOFSFONBSDIBMBMBWBEPSB
1BSBDBNCJBSFMQSPDFEJNJFOUPEFMBWBEPEVSBOUFFMGVODJPOBNJFOUP
QVMTFFTUFCPUØOQBSBEFUFOFSFMQSPDFTPZWVÏMWBMPBQVMTBSEFTQVÏTEFSFBMJ[BS
MPTDBNCJPT
$BEBWF[RVFTFQVMTBFTUFCPUØODBNCJBFMDJDMPEFMBWBEP
'V[[ZÆ3ÈQJEPÆ-BWBEPEF5BNCPSÆ"IPSSPÆ%FQPSUFT8BTI1FSV
Æ
+FBOTÆ%FMJDBEBÆ1FTBEP
1VMTFFTUFCPUØOQBSBSFBMJ[BSVOMBWBEPTPMBNFOUFPQBSBBKVTUBSFMUJFNQPEF
MBWBEP
&MUJFNQPBKVTUBCMFWBEFBNJOVUPT
1VMTFFTUFCPUØOQBSBSFBMJ[BSVOFOKVBHBEPTPMBNFOUFPQBSBBKVTUBSFMUJFNQP
EFFOKVBHBEP
1VFEFFTUBCMFDFSIBTUBDJODPFOKVBHBEPT
1VMTFFTUFCPUØOQBSBSFBMJ[BSVODFOUSJGVHBEPTPMBNFOUFPQBSBBKVTUBSFM
UJFNQPEFDFOUSJGVHBEP
&MUJFNQPBKVTUBCMFWBEFBNJOVUPT
$VBOEPTØMPTFTFMFDDJPOBVODFOUSJGVHBEPFMUJFNQPEFDFOUSJGVHBEPTFSÈ
EJGFSFOUFEFMUJFNQPUPUBMSFTUBOUF-BDBVTBFTRVFFMUJFNQPUPUBMSFTUBOUF
JODMVZFFMUJFNQPSFBMEFDFOUSJGVHBEPZFMEFEFTBHàFZQBSBEB
'6/$*»/%&
#-026&01"3"
/*º04
5*&.103&45"/5&
)03"%&-*/*$*0
3&5"3%"%0
1"/5"--"%&
&3303&4
#05»/3&.0+"3
#05»/.*45
4)08&33PDJPEF
"HVB
#05»/*/*$*0
3&5"3%"%0
#05»/4*-7&3
8"4)
1VMTFFTUFCPUØOQBSBEFKBSMBSPQBFOSFNPKP
&TUBGVODJØOOPTFQVFEFTFMFDDJPOBSEVSBOUFFMDJDMP%FMJDBEB
&MSFNPKPTFBQMJDBBVUPNÈUJDBNFOUFEVSBOUFFMDJDMP-BWBEPEF5BNCPS
&MUJFNQPBKVTUBCMFWBEFBNJOVUPT
1VMTFFTUFCPUØOVOBWF[QBSBBDUJWBSMBGVODJØO
-BWBQPSJ[BDJØOEJTVFMWFMPTEFUFSHFOUFTQBSBSPQBNÈTFGJDB[NFOUFMPRVF
GBDJMJUBMBFMJNJOBDJØOEFMPTSFTJEVPT
1VMTFFTUFCPUØOQBSBGJOBMJ[BSFMMBWBEPBVOBIPSBFTQFDJGJDBEB
"QBHVFMBMBWBEPSBQBSBDBODFMBSFMJOJDJPSFUBSEBEP
&MUJFNQPBKVTUBCMFWBEFBIPSBT
6ODJDMPEPOEFTFTVNJOJTUSBBHVBDPOJPOFTEFQMBUBEVSBOUFFMMBWBEPZ
EVSBOUFFMÞMUJNPFOKVBHBEPQBSBFTUFSJMJ[BSMBSPQBZQSPUFHFSMBDPOUSBMBT
CBDUFSJBT
&TUFSJMJ[BDJØO&MBHVBDPOJPOFTEFQMBUBTFB×BEFBMTVNJOJTUSPEFBHVB
QBSBSFBMJ[BSVOMBWBEPTBOJUBSJPBOUJCJØUJDP-BFTUFSJMJ[BDJØOFTVODJDMP
TBOJUBSJPBOUJCJØUJDP
4JTØMPTFTFMFDDJPOBBHVBDBMJFOUFMBGVODJØO4JMWFS8BTIOPTF
QVFEFTFMFDDJPOBS
1SPUFDDJØODPOUSBCBDUFSJBT&MBHVBDPOJPOFTEFQMBUBTFB×BEFBM
ÞMUJNPFOKVBHBEPEFTQVÏTEFMMBWBEPQBSBBQMJDBSVOBDBQBBOUJCBDUFSJBT
BMBQSFOEBEVSBOUFFMFOKVBHBEP&TUBGVODJØOEFFOKVBHBEPTBOJUBSJP
QSFWJFOFMBQSPQBHBDJØOEFMBTCBDUFSJBT
&TUÈEJTQPOJCMFQBSBUPEPTMPTDJDMPTFYDFQUPFMDJDMP%FMJDBEB
&MVTPEFFTUBGVODJØOKVOUPDPOFMTVBWJ[BOUFQVFEFEJTNJOVJSTVFGJDBDJB
#05»/"*3563#0
4FDBEP5VSCP
#05»//*7&-%&
"(6"
#05»/
46.*/*4530%&
"(6"
1VMTFFTUBGVODJØOQBSBDPOTFHVJSVOTFDBEPNÈTSÈQJEPEFMBDPMBEB
$PODBEBQVMTBDJØOEFMCPUØOTFDBNCJBMBTFMFDDJØOFOFTUFPSEFO
NJOÆNJOÆ%FTBDUJWBEPÆNJO
&TUÈGVODJØOTØMPTFQVFEFTFMFDDJPOBSTJTFIBFTUBCMFDJEPVODJDMPEF
DFOUSJGVHBEP
&MOJWFMEFMBHVBTFBKVTUBBVUPNÈUJDBNFOUF4JOFNCBSHPDPOFTUFCPUØOTF
QVFEFTFMFDDJPOBSFMOJWFMEFMBHVBNBOVBMNFOUF
.FEJPÆ"MUPÆ.FEJPÆ#BKPÆ.ÓOJNPÆ#BKPÆ.FEJP
$PODBEBQVMTBDJØOEFFTUFCPUØOTFTFMFDDJPOBFMUJQPEFBHVB
'SÓBÆ5JCJBÆ$BMJFOUFÆ'SÓB
4FUUJOHVQZPVSXBTIFS@
4FUUJOHVQZPVSXBTIFS
'*-5&3$)&$,
$VBOEPFMMBWBEPGJOBMJ[BMBMÈNQBSBEFBEWFSUFODJBTFJMVNJOBFOMBQBOUBMMB
'JMUFSDIFDL$VBOEPTFBCSBMBQVFSUBMBMÈNQBSBTFBQBHBSÈ&TUPOPFTVO
GBMMP
4JFMGJMUSPNÈHJDPTFPCTUSVZFTFQVFEFOBEIFSJSNBUFSJBMFTFYUSB×PTBMBSPQB
1BSBBTFHVSBSVOCVFOMBWBEPSFUJSFMPTNBUFSJBMFTFYUSB×PTEFMGJMUSPEFTQVÏT
EFDBEBMBWBEP
4FUSBUBEFVOEJTQPTJUJWPQBSBFWJUBSRVFMPTOJ×PTTVGSFOBDDJEFOUFTTJKVFHBO
DPOMBMBWBEPSB
t 1BSBJOJDJBSMBGVODJØOEFCMPRVFPQBSBOJ×PT
1VMTFFMCPUØOi&ODFOEFSwQBSBJSBMNPEPEFMBWBEPJOJDJBM
4JQVMTBFMCPUØOi*OJDJP1BVTBwTFJOJDJBFMMBWBEPZFOFMDBTPEFRVF
TFOFDFTJUFMBGVODJØOEFCMPRVFPQBSBOJ×PTEVSBOUFMBMBWBEB
1VMTFBMNJTNPUJFNQPMPTCPUPOFTi&OKVBHBSwZi$FOUSJGVHBS1SF
4FDBS
wEVSBOUFTFHVOEPT
/PUBOPQVFEFQPOFSFONBSDIBFTUB
GVODJØOTJOPBDUJWBFMCPUØOi&ODFOEFSw
t 1BSBEFTBDUJWBSMBGVODJØOEFCMPRVFPQBSBOJ×PT&ODBTPEFRVFFTUÏ
QSPHSBNBEPFMCMPRVFPQBSBOJ×PTQVMTFMPTCPUPOFTi&OKVBHBSwZ
i$FOUSJGVHBS1SF4FDBS
wBMNJTNPUJFNQP
.VFTUSBFMUJFNQPSFTUBOUFEFMBWBEP
.VFTUSBMBIPSBSFTFSWBEBQBSBFMJOJDJPSFUBSEBEP
.VFTUSBFMFTUBEPEFFSSPSTJTVSHFBMHÞOQSPCMFNBFOMBMBWBEPSBQBSBQFSNJUJS
SFTPMWFSMP
JOTUBMBDJØOEFMBMBWBEPSB
$JDMP'V[[Z
4FMFDDJPOBBVUPNÈUJDBNFOUFFMNFKPSDJDMPEFMBWBEP
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØO*OJDJP1BVTB
&MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFM
MBWBEPFMFOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO
*OJDJP1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP
$JFSSFMBUBQB
Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT
$JDMP3ÈQJEP
4JEFTFBMBWBSMBTUPBMMBTRVFVUJMJ[BGSFDVFOUFNFOUFPMBSPQBNFOPTTVDJB
$PNPFMMBWBEPFTSÈQJEPFTJEFBMQBSBMBQSFOEBNÈTMJHFSBPNFOPTTVDJB
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØO$JDMPTVOBWF[
1VMTFFMCPUØO*OJDJP1BVTB
&MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM
FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP
1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP
$JFSSFMBUBQB
Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT
$JDMP-BWBEPEF5BNCPS
6UJMJDFFTUFDJDMPQBSBMJNQJBSFMUBNCPS"TÓQPESÈDPOTFSWBSFMUBNCPSMJNQJPZFOCVFOBT
DPOEJDJPOFTTBOJUBSJBT
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPTEPTWFDFT
1VMTFFMCPUØO*OJDJP1BVTB
"×BEBFMEFUFSHFOUFBEFDVBEPZDJFSSFMBUBQB
Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT
%VSBOUFFMQSPDFTPEFMJNQJF[BOPEFKFSPQBEFOUSPEFMUBNCPSZBRVFMBSPQBTFQPESÓB
EFDPMPSBSPEB×BS
$VBOEPMBWFMBSPQBQPSQSJNFSBWF[EFTQVÏTEFMJNQJBSFMUBNCPSQVFEFFODPOUSBS
BMHVOBTJNQVSF[BT4ØMPTPOSFTJEVPTEFMEFUFSHFOUFFJNQVSF[BTPSJHJOBEBTEVSBOUFMB
MJNQJF[BEFMUBNCPS3FQJUBEPTPUSFTWFDFTFMDJDMPEFFOKVBHVF
-BGVODJØOEFSFNPKPNJOVUPT
TFBKVTUBBVUPNÈUJDBNFOUF
&MOJWFMEFMBHVBQSJNFSPTFFTUBCMFDFFO.FEJPZTFHVJEBNFOUFDBNCJBB"MUPEVSBOUF
FMFOKVBHBEP
.BOUFOJNJFOUPEFMBMJNQJF[BEFMUBNCPS
$VBOEPTFVUJMJ[BFMFMFDUSPEPNÏTUJDPFOVOFOUPSOPBNCJFOUBMIÞNFEPEVSBOUFQFSJPEPTEF
UJFNQPQSPMPOHBEPTFOFMUBNCPSTFQVFEFOGJKBSEJGFSFOUFTUJQPTEFCBDUFSJBTZGPSNBSVOB
DBQBEFTVDJFEBEIPOHPT
RVFQVFEFOSFTVMUBSEB×JOPTQBSBMBTBMVE1BSBNBOUFOFSFMUBNCPS
TJFNQSFMJNQJPZFOCVFOBTDPOEJDJPOFTIJHJÏOJDBTMFSFDPNFOEBNPTRVFMFBMBTFDDJØO$JDMP
-BWBEPEF5BNCPSZMJNQJFÏTUFSFHVMBSNFOUFBMNFOPTVOBWF[FOUSFVOPZUSFTNFTFTTØMP
DPOEFUFSHFOUFTBEFDVBEPTPSFDPNFOEBEPT
@4FUUJOHVQZPVSXBTIFS
$JDMP"IPSSP
$JDMP%FQPSUFT8BTI1FSV
4FMFDDJPOFFTUFDJDMPQBSBMBWBSSPQBEFQPSUJWB
4JTFTFMFDDJPOBFTUFDJDMPEFNBOFSBQSFEFUFSNJOBEBTFTFMFDDJPOB4JMWFS8BTI
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPTDVBUSPWFDFT
1VMTFFMCPUØO*OJDJP1BVTB
&MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM
FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP
1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP
$JFSSFMBUBQB
$JDMP+FBOT
4FVTBQBSBVOMBWBEPNÈTBGPOEP
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPTDJODPWFDFT
1VMTFFMCPUØO*OJDJP1BVTBZDPMPRVFMBDBOUJEBEBEFDVBEBEF
EFUFSHFOUFFOFMUBNCPS
&MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF
&MOJWFMEFBHVBTØMPQVFEFBKVTUBSFO"MUP_#BKP
$JFSSFMBUBQB
Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT
$JDMP%FMJDBEB
5FKJEPTMBWBCMFTDIBRVFUBTEFQVOUPSPQBEFMJDBEBFUD
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPTTFJTWFDFT
1VMTFFMCPUØO*OJDJP1BVTB
"DPOUJOVBDJØOWFOESÈOFMMBWBEPFMFOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTP
QVMTFEFOVFWPFMCPUØO*OJDJP1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP
$JFSSFMBUBQB
4ØMPTFQVFEFTFMFDDJPOBSBHVBGSÓB
&MÞMUJNPDFOUSJGVHBEPFTNÈTTVBWFQBSBFWJUBSMBTBSSVHBT
13&$"6$*»/ 6UJMJDFFMEFUFSHFOUFJOEJDBEP
Ú &OFMDJDMP%FMJDBEB4JMWFS8BTI3FNPKBSZ"JS5VSCP4FDBEP5VSCP
OPTFQVFEFO
TFMFDDJPOBSZBRVFQPESÓBOEB×BSMBSPQB
4FUUJOHVQZPVSXBTIFS@
4FUUJOHVQZPVSXBTIFS
4JEFTFBMBWBSMBTUPBMMBTRVFVUJMJ[BGSFDVFOUFNFOUFPMBSPQBNFOPTTVDJB
$PNPFMMBWBEPFTSÈQJEPFTJEFBMQBSBMBDPMBEBNÈTMJHFSBPNFOPTTVDJB
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPTUSFTWFDFT
1VMTFFMCPUØO*OJDJP1BVTB
&MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM
FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP
1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP
$JFSSFMBUBQB
Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT
Ú .JTU4IPXFS3PDJPEF"HVB
TFTFMFDDJPOBEFNPEPQSFEFUFSNJOBEPQBSBBIPSSBS
FOFSHÓBZBHVB JOTUBMBDJØOEFMBMBWBEPSB
$JDMP1FTBEP
1SFOEBTEFHSBOWPMVNFODPNPNBOUBTZSPQBEFDBNB
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPTTJFUFWFDFT
1VMTFFMCPUØO*OJDJP1BVTB
&MOJWFMEFBHVBTFTFMFDDJPOBSÈBVUPNÈUJDBNFOUF"DPOUJOVBDJØOWFOESÈOFMMBWBEPFM
FOKVBHBEPZFMDFOUSJGVHBEP4JEFTFBEFUFOFSFMQSPDFTPQVMTFEFOVFWPFMCPUØO*OJDJP
1BVTB$VBOEPTFEFUFOHBFMQSPDFTPQPESÈDBNCJBSFMDJDMP
$JFSSFMBUBQB
t %PCMFMBQSFOEBEFHSBOWPMVNFONBOUBTZSPQBEF
DBNB
DPNPTFNVFTUSBFOMBJMVTUSBDJØOBOUFTEF
DPMPDBSMBFOFMUBNCPSEFDFOUSJGVHBEP
t /PMBWFMBTNBOUBTFMÏDUSJDBTOJMBTBMGPNCSBT
t $PNQSFVOBCPMTBEFNBMMBQBSBQSFOEBEFHSBOWPMVNFOMJHFSBFKFNQMPDBDIFNJSFT
ZBRVFQVFEFTBMJSEFMBHVBZFTUSPQFBSTF
Ú 4FMFDDJPOFFMCPUØO4JMWFS8BTIQBSBSFBMJ[BSVOMBWBEPBOUJCBDUFSJBT
*OJDJPSFUBSEBEP
{$ØNPQSPHSBNBSVOMBWBEPSFUBSEBEP 4FMFDDJPOFFTUFDJDMPDVBOEPUFOHBRVFTBMJSPIBDFSPUSBDPTB
1VMTFFMCPUØO&ODFOEFSQBSBRVFTFBDUJWF
1VMTFFMCPUØOEFTFMFDDJØO$JDMPT
1VMTFFMCPUØO*OJDJP3FUBSEBEPVOBWF[
1VFEFDBNCJBSFMUJFNQPEFJOJDJPSFUBSEBEPDPOFMCPUØO*OJDJP3FUBSEBEPEFB
IPSBT
1VMTFFMCPUØO*OJDJP1BVTBZDPMPRVFMBDBOUJEBEBEFDVBEBEFEFUFSHFOUFFOFMUBNCPS
$JFSSFMBUBQB
&MMBWBEPGJOBMJ[BSÈFOFMNPNFOUPQSPHSBNBEP"×BEBEFUFSHFOUFZTVBWJ[BOUFFO
QSPQPSDJØOBMOJWFMEFBHVB"DPOUJOVBDJØODJFSSFMBUBQB
t %FCFB×BEJSFMEFUFSHFOUFFOFMDPNQBSUJNJFOUPEFMEFUFSHFOUF
t 4JFMEFUFSHFOUFTFFYUJFOEFEJSFDUBNFOUFTPCSFMBQSFOEBQVFEFRVFBMHVOBTQSFOEBT
TFEFTUJ×BOBMSFUSBTBSTFFMJOJDJP
t 4JEFTFBDBODFMBSMBGVODJØO*OJDJP3FUBSEBEPQVMTFFMCPUØO&ODFOEFS
t -BIPSBEFGJOBMJ[BDJØOQSPHSBNBEBQVFEFWBSJBSEFQFOEJFOEPEFMBQSFTJØOEFMBHVB
@4FUUJOHVQZPVSXBTIFS
GVODJPOFTNBOVBMFT
&TQPTJCMFTFMFDDJPOBSMBGVODJØOQBSBDBEBDJDMP
&KFNQMP
1BSBVOMBWBEPTFODJMMPDPNPVODJDMPEFQPDBTVDJFEBE
&ODFOEFSÆ4FMFDDJPOFFMDJDMPEFSPQBQPDPTVDJBÆ-BWBSÆ*OJDJP1BVTB
4»-0&/+6"("3
1VMTFFMCPUØO&OKVBHBS
1VMTFFMCPUØO*OJDJP1BVTB
&MFOKVBHBEPTFSFBMJ[BWFDFT
$VBOEPFMCPUØO&OKVBHBSTFQVMTBEVSBOUFFMFOKVBHBEPFTQPTJCMF
BKVTUBSFTUFQSPDFTPQBSBRVFTFSFBMJDFEFBWFDFT
4»-0$&/53*'6("31SF4FDBS
1VMTFFMCPUØO$FOUSJGVHBS
1VMTFFMCPUØO*OJDJP1BVTB
&MDFOUSJGVHBEPTFQSPMPOHBEVSBOUFNJOVUPT
$VBOEPTFQVMTBFMCPUØO$FOUSJGVHBSEVSBOUFFMDFOUSJGVHBEPFT
QPTJCMFDBNCJBSMBEVSBDJØOEFMUJFNQPEFDFOUSJGVHBEPFOUSFZ
NJOVUPT
-"7"3:&/+6"("3
1VMTFMPTCPUPOFT-BWBSZ&OKVBHBS
1VMTFVOBWF[FMCPUØO*OJDJP1BVTB
%FUFDUBMBDBOUJEBEEFDPMBEBZEFUFSNJOBBVUPNÈUJDBNFOUFFMUJFNQP
EFMBWBEPZEFFOKVBHBEP
$VBOEPTFQVMTBOMPTCPUPOFT-BWBSZ&OKVBHBSNJFOUSBTMBMBWBEPSB
FTUÈGVODJPOBOEP
FMUJFNQPEFMBWBEPTFQVFEFBKVTUBSEFBNJOVUPTZFMFOKVBHBEP
EFBWFDFT
&/+6"("3:$&/53*'6("31SF4FDBS
1VMTFMPTCPUPOFT&OKVBHBSZ$FOUSJGVHBS
1VMTFVOBWF[FMCPUØO*OJDJP1BVTB
"DPOUJOVBDJØODPNFO[BSÈFMFOKVBHBEPBMRVFTFHVJSÈFMDFOUSJGVHBEP
$VBOEPTFQVMTBOMPTCPUPOFT&OKVBHBSZ$FOUSJGVHBSNJFOUSBT
MBMBWBEPSBFTUÈGVODJPOBOEPFMOÞNFSPEFFOKVBHBEPTTFQVFEF
FTUBCMFDFSEFBZFMUJFNQPEFDFOUSJGVHBEPQBSBFMTFDBEPEFMB
DPMBEBEFBNJOVUPT
-"7"3&/+6"("3:$&/53*'6("31SF4FDBS
1VMTFMPTCPUPOFT-BWBS&OKVBHBSZ$FOUSJGVHBS
1VMTFVOBWF[FMCPUØO*OJDJP1BVTB
4FFKFDVUBOMBTGVODJPOFTEF-BWBS&OKVBHBSZ$FOUSJGVHBS
.BOVBMGVODUJPOT@
.BOVBMGVODUJPOT
4»-0-"7"3
1VMTFFMCPUØO&ODFOEFS
1VMTFFMCPUØO-BWBS
1VMTFFMCPUØO*OJDJP1BVTB
&MMBWBEPTFQSPMPOHBEVSBOUFNJOVUPT
$VBOEPFMCPUØO-BWBSTFQVMTBEVSBOUFFMMBWBEPFTQPTJCMFDBNCJBS
FMUJFNQPEFEVSBDJØOEFFTUFQSPDFTPFOUSFZNJOVUPT
JOTUBMBDJØOZNBOUFOJNJFOUP
&M.BOVBMEFMVTVBSJPTJSWFQBSBWBSJBTNÈRVJOBT
4JHBMBTJOTUSVDDJPOFTEFM.BOVBMEFMVTVBSJPEFBDVFSEPDPOFMNPEFMPEFTV
MBWBEPSB
&/503/0
%FKFBMHPEFFTQBDJPBMSFEFEPSEFMBNÈRVJOB
%FKFBMNFOPTDNFOUSFMBMBWBEPSBZMBQBSFE
$PMPRVFMBMBWBEPSBFOVOBTVQFSGJDJFTØMJEBZQMBOB
4JDPMPDBMBMBWBEPSBFOVOBTVQFSGJDJFCMBOEBPEFTOJWFMBEBQVFEFOQSPEVDJSTFSVJEPTPWJCSBDJPOFT&M
NÈYJNPEFTOJWFMQFSNJUJEPFTEF
"KVTUFMBTQBUBTQBSBOJWFMBSMBMBWBEPSB
/VODBJOTUBMFMBMBWBEPSBDFSDBEFBHVB
/PDPMPRVFMBMBWBEPSBFOIBCJUBDJPOFTIÞNFEBTOJFOMVHBSFTFOMPTRVFRVFEFFYQVFTUBBMBMMVWJB-B
IVNFEBEQVFEFEFTUSVJSFMBJTMBNJFOUPFMÏDUSJDPDPOFMDPOTJHVJFOUFSJFTHPEFEFTDBSHBFMÏDUSJDB
&WJUFMBMV[EJSFDUBEFMTPMZMPTDBMFOUBEPSFTPDBMFGBDUPSFT
$PNPFMQMÈTUJDPZMPTDPNQPOFOUFTFMÏDUSJDPTTFWFOBGFDUBEPTQPSFMDBMPSEJSFDUPOVODBDPMPRVFMB
MBWBEPSBDFSDBEFIPSOPTDBMEFSBTFUD/PMBFYQPOHBOVODBBMBMV[EJSFDUBEFMTPM
/*7&-"$*»/
t 4JMBMBWBEPSBOPFTUÈOJWFMBEBDPOFMTVFMPQVFEFRVFWJCSFNÈTEFMPEFCJEPPTFBWFSÓF1PSMPUBOUP
BTFHÞSFTFEFRVFMBNÈRVJOBFTUÏDPSSFDUBNFOUFOJWFMBEB
"HVB
$0.136&#&26&-"-"7"%03"&45²/*7&-"%"1"3"
&--07&3*'*26&-"104*$*»/%&-5".#03
t "CSBMBUBQBEFMBMBWBEPSBWJFSUBBHVBFOFMUBNCPS
IBTUBBMDBO[BSFMOJWFMTJUVBEPKVTUPEFCBKPEFMHFOFSBEPS
EFJNQVMTPTZBKVTUFMBTQBUBTQBSBRVFFMHFOFSBEPSEF
JNQVMTPTRVFEFDFOUSBEPUBMDPNPTFNVFTUSBFOMBGJHVSB
#-026&"3
"'-0+"3
t $PMPRVFMBNÈRVJOBBNÈTEFDNEFEJTUBODJBEFMB
QBSFE
t /JWFMFMBTQBUBT
$0/&9*»/%&-"."/(6&3"%&46.*/*4530%&"(6"
3FUJSFFMBEBQUBEPSEFMBNBOHVFSBEFTVNJOJTUSPEFBHVB
1SJNFSPVUJMJDFVOEFTUPSOJMMBEPSUJQPiwZBGMPKFMPTDVBUSP
UPSOJMMPTEFMBEBQUBEPS"DPOUJOVBDJØOTBRVFFMBEBQUBEPS
ZHJSFMBQJF[BC
TJHVJFOEPMBGMFDIBQBSBEFKBSVOFTQBDJP
FOUSFFMMPTEFNN
$POFDUFFMBEBQUBEPSBMBTBMJEBEFBHVBBQSFUBOEP
MPTUPSOJMMPTDPOGVFS[B"DPOUJOVBDJØOHJSFMBQJF[BC
TJHVJFOEPMBGMFDIBZKVOUFMBTQJF[BTB
ZC
A
B
@*OTUBMMBUJPONBJOUFOBODF
$POFDUFMBNBOHVFSBEFTVNJOJTUSPEFBHVBBMBEBQUBEPS
5JSFEFMBQJF[BD
EFMBNBOHVFSBEFMTVNJOJTUSPEFBHVB
$VBOEPMBQJF[BD
TFMJCFSFMBNBOHVFSBTFDPOFDUBSÈ
BVUPNÈUJDBNFOUFBMBEBQUBEPSIBDJFOEPVOiDMJDw
$POFDUFFMPUSPFYUSFNPEFMBNBOHVFSBEFTVNJOJTUSP
EFBHVBBMBMMBWFEFQBTPEFMBHVBTJUVBEBFOMBQBSUF
QPTUFSJPSEFMBMBWBEPSB"QSJFUFDPNQMFUBNFOUFMB
NBOHVFSBFOFMTFOUJEPEFMBTBHVKBTEFMSFMPK
C
$POFDUFFMPUSPFYUSFNPEFMBNBOHVFSBEFTVNJOJTUSP
EFBHVBBMBMMBWFEFQBTPEFMBHVBTJUVBEBFOMBQBSUF
TVQFSJPSEFMBMBWBEPSB"QSJFUFDPNQMFUBNFOUFMB
NBOHVFSBFOFMTFOUJEPEFMBTBHVKBTEFMSFMPK
*OTUBMMBUJPONBJOUFOBODF
Ú 4JMBTBMJEBEFBHVBFTEFUJQPSPTDBNPOUFVOBNBOHVFSB
EFTVNJOJTUSPEFBHVBRVFFODBKFDPOMBTBMJEBUBMDPNP
TFNVFTUSBFOMBJMVTUSBDJØO6OBWF[GJOBMJ[BEBMBDPOFYJØO
TJFMBHVBTFTBMFEFMBNBOHVFSBSFQJUBMPTNJTNPTQBTPT
6OBWF[GJOBMJ[BEBMBDPOFYJØOTJFMBHVBTFTBMFEFMBNBOHVFSBSFQJUBMPTNJTNPTQBTPT
6UJMJDFMBMMBWFEFUJQPNÈTDPSSJFOUFQBSBFMTVNJOJTUSPEFBHVB
&ODBTPEFRVFMBMMBWFTFBDVBESBEBPEFNBTJBEPHSBOEFRVJUFFMBOJMMPBOUFTEFJOTFSUBS
MBMMBWFFOFMBEBQUBEPS
&/4".#-"+&%&-1"/&-%&1305&$$*»/$0/53"30&%03&4
*ODMJOFVOQPDPMBMBWBEPSBZMFWBOUFFMQBOFMIBTUBRVFFODBKF1PSÞMUJNPBUPSOJMMFFMQBOFMB
MBCBTFDPNPTFNVFTUSBFOMBGJHVSB
-BEPQPTUFSJPS
*OTFSUFFMQBOFMEFQSPUFDDJØODPOUSB
SPFEPSFTFOFMPSJGJDJPEFFOTBNCMBKF
TJUVBEPFOMBQBSUFQPTUFSJPS
4JMFSFTVMUBEJGÓDJMJOTFSUBSFMQBOFMMFWBOUF
MBMBWBEPSBVOQPDP
*OTUBMMBUJPONBJOUFOBODF@
JOTUBMBDJØOZNBOUFOJNJFOUP
$0/&9*»/%&-"."/(6&3"%&%&4"(Ã&
&OVOBMBWBEPSBDPOEFTBHàFEFCPNCFP
UBQØOEF
NBOHVFSB
"TFHÞSFTFEFVOJSGJSNFNFOUFMBNBOHVFSB
EFEFTBHàFBMBTBMJEBTJUVBEBFOMBQBSUF
QPTUFSJPSEFMBNÈRVJOB
_DN
4BRVFFMUBQØOEFNBOHVFSBZDPOFDUFMB
NBOHVFSBEFEFTBHàF
"TFHÞSFTFEFVOJSGJSNFNFOUFMBNBOHVFSB
*OTUBMFMBNBOHVFSBEFEFTBHàF
EFEFTBHàFBMBTBMJEBTJUVBEBBVOMBEPEFMB BQSPYJNBEBNFOUFB_DNEFMTVFMP
NÈRVJOB
&OVOBMBWBEPSBEFUJQPDPNÞO
%FTQVÏTEFFNQVKBSFMBOJMMPEFFNQBMNFJOTFSUFMB
NBOHVFSBEFEFTBHàF
%FTQVÏTEFEJSJHJSMBNBOHVFSBBVOEFTBHàFDPOÏDUFMB
DPOMBTBMJEBEFEFTBHàFEFMBMBWBEPSB
TBMJEBEF
EFTBHàF
"TFHÞSFTFEFDPOFDUBSMBGJSNFNFOUFQBSBFMMPFNQVKFFM
BOJMMPEFFNQBMNFZBDPQMFMBNBOHVFSBFOMBTBMJEBEF
EFTBHàF
t -BMPOHJUVEEFMBNBOHVFSBEFEFTBHàFFTBKVTUBCMF1PS
MPUBOUPQVFEFBMBSHBSMBEFMBNBOFSBBQSPQJBEB
@*OTUBMMBUJPONBJOUFOBODF
$BNCJPEFMBEJSFDDJØOEFMBNBOHVFSBEFEFTBHàF
t 1BSBTBDBSMBNBOHVFSBEFEFTBHàFTFQVMTBMBNBOJMMBEFM
BOJMMPEFFNQBMNF$BNCJFMBEJSFDDJØOEFMBNBOHVFSBEF
EFTBHàFZTJHBMBTJOTUSVDDJPOFTBOUFSJPSFTEFOVFWP
1SFDBVDJPOFTEVSBOUFMBDPMPDBDJØOEFMBNBOHVFSBEFEFTBHàF
$VBOEPDPOFDUFMBNBOHVFSBEFEFTBHàF %FKFFTDVSSJSFMBHVBEFMFYUSFNPEFMB
DPOPUSBTNBOHVFSBTOPEFKFRVF
NBOHVFSBEFEFTBHàF
TPCSFTBMHBNÈTEFN
.FOPTEFN
.FOPTEF
DN
&MVNCSBMOPEFCFTPCSFQBTBSMPTDN
/PJOTUBMFMBNBOHVFSBEFEFTBHàF
EFCBKPEFMBMBWBEPSB
$».010/&3&-%&5&3(&/5&
"CSBFMDPNQBSUJNJFOUPEFEFUFSHFOUFUJSBOEPEFÏMFOMBEJSFDDJØOEF
MBGMFDIBDPNPTFNVFTUSBFOMBGJHVSBFJOUSPEV[DBFMEFUFSHFOUFFO
QPMWP
%JTUSJCVZBFMEFUFSHFOUFEFGPSNBSFHVMBSQBSBRVFFMEFUFSHFOUFOP
SFCPTF
$».0"º"%*3&-46"7*;"/5&
%FTMJDFZBCSBMBUBQBFOMBEJSFDDJØOEFMBGMFDIBQPOHBFMEFUFSHFOUFEF
BDMBSBEPZWVFMWBBEFTMJ[BSZDFSSBSMBUBQBFOFMTFOUJEPDPOUSBSJP
t $VBOEPTFEFQPTJUBVOBDBOUJEBEBEFDVBEBVOBWF[CBTUB
EF
TVBWJ[BOUFFOMBFOUSBEBEFTVBWJ[BOUFÏTUFTFWJFSUFBVUPNÈUJDBNFOUF
FOFMÞMUJNPDJDMPEFFOKVBHBEP
t /PQPOHBEFUFSHFOUFMFKÓBOJBMNJEØOFOMBFOUSBEBEFTVBWJ[BOUF
t 4JVUJMJ[BEFNBTJBEPTVBWJ[BOUFQVFEFRVFMPTSFTVMUBEPTOPTFBOEF
TVBHSBEP
t /PBCSBMBUBQBEVSBOUFFMDJDMPEFDFOUSJGVHBDJØO4JMPB×BEF
EFNBTJBEPQSPOUPTVFGJDBDJBEJTNJOVZF
t /PEFKFFMTVBWJ[BOUFFOFMEJTQFOTBEPSEVSBOUFNVDIPUJFNQP&M
TVBWJ[BOUFTFTPMJEJGJDB
*OTUBMMBUJPONBJOUFOBODF@
*OTUBMMBUJPONBJOUFOBODF
.FOPTEFN
JOTUBMBDJØOZNBOUFOJNJFOUP
'*-530%&-$0/&$503%&46.*/*4530%&"(6"
4BRVFFMGJMUSPZMÓNQJFMPCJFO
$PMPRVFFMGJMUSPZDPOFDUFGJSNFNFOUFMBNBOHVFSBBMB
MMBWFEFQBTPEFMBHVB
$PNQSVFCFRVFOPIBZBHPUFP
"QSJFUFCJFOFMDPOFDUPS
-*.1*&;"%&-'*-530
-JNQJFDPOGSFDVFODJBMBNBMMBEFMGJMUSPQBSBNBOUFOFSMJNQJBMBMBWBEPSB
&NQVKFMBQBSUFTVQFSJPSEFMGJMUSP
NÈHJDPZUJSF
"CSBMBDVCJFSUBDPNPTFNVFTUSBFOMB
GJHVSB
-JNQJF[BEFMGJMUSPNÈHJDP
$JFSSFMBDVCJFSUBFJOTFSUFMBQBSUFJOGFSJPSEFM
GJMUSPFOFMUBNCPS"DPOUJOVBDJØOFNQVKFFM
GJMUSPIBTUBRVFFODBKFIBDJFOEPiDMJDw
-*.1*&;"%&-'*-530%&-"#0.#"
$PMPRVFVOUSBQPEFCBKPEFMGJMUSPEFMBMBWBEPSBQBSBOPNPKBSFM
TVFMP
(JSFFMGJMUSPFOTFOUJEPPQVFTUPBMEFMBTBHVKBTEFMSFMPKZUJSFEFÏM
3FUJSFMBTVDJFEBEZHJSFFMGJMUSPFOFMTFOUJEPEFMBTBHVKBTEFMSFMPK
IBTUBRVFWVFMWBBFODBKBS
1"35&1045&3*03
'*-530
53"10
@*OTUBMMBUJPONBJOUFOBODF
"#3*3 $&33"3
TPMVDJØOEFQSPCMFNBT
$0.130#"3
-BMBWBEPSBOPGVODJPOB
&MBHVBOPTFWBDÓB
{&TUÈIBDJBBCBKPMBNBOHVFSBEFEFTBHàF /P
IBZCPNCFP
{&TUÈDPOHFMBEBMBNBOHVFSBEFEFTBHàF
{&TUÈBUBTDBEBMBNBOHVFSBEFEFTBHàF
4JFONJOVUPTOPTFWBDÓBFMBHVBTPOBSÈ
VOBBMBSNBZBQBSFDFSÈi&wFOFMJOEJDBEPSEF
UJFNQPSFTUBOUF
/PTFTVNJOJTUSBBHVBBMB
MBWBEPSB
{&TUÈBCJFSUBMBMMBWFEFMBHVB
{&TUÈDPSUBEBFMBHVB
{&TUÈBUBTDBEBMBDPOFYJØOEFMBNBOHVFSB
PMBNBOHVFSBEFTVNJOJTUSPEFBHVB
{&TUÈDPOHFMBEBMBMMBWFEFMBHVB
4JFOIPSBOPTFTVNJOJTUSBBHVBBMB
MBWBEPSBTPOBSÈVOBBMBSNBZBQBSFDFSÈ
i&wFOFMJOEJDBEPSEFUJFNQPSFTUBOUF
{&TUÈBCJFSUBMBMMBWFEFMBHVB
{&TUÈMBMBWBEPSBFODIVGBEB
{&TUÈDPSUBEBMBDPSSJFOUFFMÏDUSJDB
{)BZTVGJDJFOUFBHVB
&MDFOUSJGVHBEPOPGVODJPOB {&TUÈMBSPQBEJTUSJCVJEBEFGPSNBSFHVMBS
EFOUSPEFMBMBWBEPSB
{&TUÈDPMPDBEBMBMBWBEPSBFOVOBTVQFSGJDJF
QMBOBZTØMJEB
&MBHVBTFEFTCPSEB
7VFMWBBQPOFSFOGVODJPOBNJFOUPMBNÈRVJOBEFTQVÏTEFM
DFOUSJGVHBEP
4JDPOUJOÞBJOEJDBOEPTF×BMEFFSSPSMMBNFBMTFSWJDJPUÏDOJDP
5SPVCMFTIPPUJOH@
5SPVCMFTIPPUJOH
130#-&."
{MBMBWBEPSBOPGVODJPOB
130#-&."
$0.130#"$*»/:40-6$*»/
-BDPSSJFOUFFMÏDUSJDBFTUÈ
EFTBDUJWBEB
{&TOPSNBMFMWPMUBKF
{&TUÈMBMBWBEPSBFODIVGBEB $POFDUFFMDBCMFEFBMJNFOUBDJØO
FMÏDUSJDB
Â&MBHVBOPTFWBDÓB
{&TUÈDPMPDBEBIBDJBBCBKPMBNBOHVFSBEFEFTBHàF $PMPRVFMB
NBOHVFSBEFEFTBHàFIBDJBBCBKP
{&TUÈEPCMBEBMBNBOHVFSBEFEFTBHàF &YUJFOEBCJFOMBNBOHVFSB
EFEFTBHàF
{&TUÈBUBTDBEBMBTBMJEBEFEFTBHàF 3FUJSFMPTSFTJEVPTZMÓNQJFMB
-BMBWBEPSBOPGVODJPOB
{&TUÈBCJFSUBMBUBQBEFMBMBWBEPSB
Â$JFSSFMBUBQB
{&TUÈQVMTBEPFMCPUØOEFQBVTB
Â1VMTFFMCPUØO*OJDJP1BVTBVOBWF[NÈTZDPNQSVFCFTJMB
MBWBEPSBTFQPOFFONBSDIB
{)BZTVGJDJFOUFBHVBQBSBBMDBO[BSFMOJWFMEFBHVB
Â4JMBQSFTJØOEFMBHVBFTCBKBUBSEBSÈNÈTFOJOJDJBSTFFMMBWBEP
{&TUÈDFSSBEBMBMMBWFEFMTVNJOJTUSPEFBHVB
Â"CSBMBMMBWFEFMTVNJOJTUSPEFBHVB
4JMBNBOHVFSBEFEFTBHàFZFM
UBNCPSEFDFOUSJGVHBEPFTUÈO
DPOHFMBEPTSFBMJDFMPTTJHVJFOUFT
QBTPT
r "×BEBBHVBDBMJFOUFBMBMMBWFEFMBHVBDPOHFMBEBZSFUJSFMB
NBOHVFSBEFEFTBHàF*OUSPEÞ[DBMBFOBHVBDBMJFOUF
r 7JFSUBBHVBDBMJFOUFFOFMUBNCPSEFDFOUSJGVHBEPEVSBOUF
BQSPYJNBEBNFOUFNJOVUPT
r $PMPRVFVOBUPBMMBDPOBHVBDBMJFOUFFOFMDPOFDUPSEFMB
NBOHVFSBEFEFTBHàF
r $VBOEPTFEFTDPOHFMFMBNBOHVFSBEFEFTBHàFDPOÏDUFMBEF
OVFWPZDPNQSVFCFRVFFMBHVBTFWBDÓFDPSSFDUBNFOUF
&MBHVBTFWBDÓBJONFEJBUBNFOUF
r &MEFTBHàFFTUÈPCTUSVJEPDPONPOFEBTPBMGJMFSFT-B
NBOHVFSBEFEFTBHàFFTUÈDPMHBEBEFMHBODIP-MFOFIBTUBMB
NJUBEFMUBNCPSEFDFOUSJGVHBEPDPOBHVBFJOUFOUFDFOUSJGVHBS
EFOVFWP
&MBHVBHPUFBFOFMDPOFDUPSEFMB
NBOHVFSBEFTVNJOJTUSPEFBHVB
4JMBQJF[BEFDPOFYJØOEFMBMMBWFFTUÈTVFMUBQVFEFRVFFMBHVB
HPUFF
Â3FQJUBEFOVFWPMPTQBTPTEFNPOUBKF$POTVMUFi$POFYJØOEF
MBNBOHVFSBEFTVNJOJTUSPEFBHVBw
$PNQSVFCFTJMBSPTDBEFHPNBEFMBNBOHVFSBEFBHVBFTUÈFOMB
QPTJDJØODPSSFDUB
Â"UPSOÓMMFMPEFOVFWPDPOGJSNF[B
{&TUÈEPCMBEBMBNBOHVFSBEFTVNJOJTUSPEFBHVB
Â&YUJFOEBCJFOMBNBOHVFSB
4JFMTVNJOJTUSPEFBHVBUJFOFEFNBTJBEBQSFTJØOQVFEFRVFFM
BHVBHPUFF
Â$JFSSFVOQPDPMBMMBWF
{4BMFBHVBEFMBMMBWFQSPQJBNFOUFEJDIB
Â'JKFMBMMBWF/PTFTVNJOJTUSBBHVBBMBMBWBEPSB
@5SPVCMFTIPPUJOH
130#-&."
$0.130#"3
&MBHVBHPUFBFOFMDPOFDUPSEFMB
NBOHVFSBEFTVNJOJTUSPEFBHVB
{)BQVMTBEPFMCPUØO*OJDJP1BVTBEFTQVÏTEFTFMFDDJPOBSFM
TVNJOJTUSPEFBHVB
Â4JOPQVMTBFMCPUØO*OJDJP1BVTBOPTFTVNJOJTUSBSÈBHVBBMB
MBWBEPSB1VMTFFMCPUØO*OJDJP1BVTB
{&TUÈBUBTDBEBMBNBMMBEFMGJMUSPEFMDPOFDUPSEFMBNBOHVFSBEF
TVNJOJTUSPEFBHVB
Â-JNQJFMBNBMMBEFMGJMUSPGSPUÈOEPMBDPOVODFQJMMPEFEJFOUFT
{&TUÈDPSUBEBFMBHVB
Â4JFMTVNJOJTUSPEFBHVBTFJOUFSSVNQFDJFSSFMBMMBWFZBQBHVFMB
NÈRVJOB
&MDFOUSJGVHBEPFNJUFSVJEPTZ
WJCSBDJPOFTGVFSUFT
4QFDJGJDBUJPO
{&TUÈDFSSBEBMBMMBWFEFMTVNJOJTUSPEFBHVB Â"CSBMBMMBWF
$PNQSVFCFTJMBSPQBFTUÈEJTUSJCVJEBSFHVMBSNFOUFEFOUSPEFMB
MBWBEPSB
Â%JTUSJCVZBSFHVMBSNFOUFMBSPQBZQPOHBEFOVFWPFONBSDIBMB
MBWBEPSB
$PNQSVFCFTJMBMBWBEPSBFTUÈOJWFMBEBTPCSFVOBTVQFSGJDJFQMBOB
ZTØMJEB
Â/JWFMFMBNÈRVJOB
{&TUÈTVFMUBMBNBOJMMBQBSBOJWFMBSMBTQBUBT
Â/JWFMFMBTQBUBT
{)BZPCKFUPTBMSFEFEPSEFMBMBWBEPSB
Â3FUJSFFTUPTPCKFUPTEFMÈSFBEFMBMBWBEPSB
FTQFDJGJDBDJPOFT
$"/5*%"%
.«9*."%&
301"4&$"
&/LH
8"61
8"6"
LH
8"61
8"6"
LH
-"7"%0
$0/46.0%&
&/&3(¶"
$&/53*'6("%0
%*.&/4*0/&4NN
1&40
13&4*»/%&-"(6"
5*10%&-"7"%0
"-50
M
.&%*0
M
#"+0
M
.¶/*.0
M
8
/*7&-
&45«/%"3
"O
Y1S
Y"M
%&"(6"
#"4& */'&3*03
"O
Y1S
Y"M
#"4&461&3*03
8
LH
_.1B
_LHGDN
3FNPWJEP
640%&"(6"
M
7&-0$*%"%%&
305"$*»/%&-
(&/&3"%03%&
*.16-404
SQN
4QFDJGJDBUJPO@
:$83%(3%B(6LQGG
¢¬Êb
$POUBDUFDPO4".46/(803-%8*%&
4JUJFOFBMHVOBQSFHVOUBPDPNFOUBSJPSFGFSFOUFBOVFTUSPTQSPEVDUPTQPSGBWPS
DPOUBDUFDPOOVFTUSP4FSWJDJPEF"UFODJØOBM$MJFOUF
1BÓT
--".&
07*4*5&/6&453"1«(*/"8&#
"3(&/5*/"
$)*-&
$045"3*$"
+"."*$"
1"/"."
16&3503*$0
53*/*%"%50#"(0
7&/&;6&-"
$0-0.#*"
4".46/(
XXXTBNTVOHDPNBS
XXXTBNTVOHDPNDM
XXXTBNTVOHDPNMBUJO
XXXTBNTVOHDPNMBUJO
XXXTBNTVOHDPNMBUJO
XXXTBNTVOHDPNMBUJO
XXXTBNTVOHDPNMBUJO
XXXTBNTVOHDPNMBUJO
XXXTBNTVOHDPNDP
/ÞNFSPEFDØEJHP%$#&4
:$83%(3%B(6LQGG
¢¬Êb