Download Manual de instrucciones GX 11, GX 7

Manual de instrucciones
GX 11, GX 7
Nota de Copyright
Se prohibe cualquier uso no autorizado o la copia de los contenidos o de
cualquier parte de los mismos.
Esto se aplica en particular a marcas comerciales, denominación de
modelos, número de las piezas y diseños.
Fecha de impresión ......... 12/07/2006
Atlas Copco
www.atlascopco.com
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'NHCDTKECPVGFGENKPCVQFCTGURQPUCDKNKFCFRQTEWCNSWKGTFCÇQQNGUKÉP
TGUWNVCPVGFGNPQEWORNKOKGPVQFGGUVCURTGECWEKQPGUQFGNCPQ
QDUGTXCEKÉPFGNCRTGECWEKÉPJCDKVWCN[GNFGDKFQEWKFCFQGPNCKPUVCNCEKÉP
OCPGLQOCPVGPKOKGPVQQTGRCTCEKÉPCWPSWGPQUGJC[COGPEKQPCFQ
GZRTGUCOGPVG
2TGECWEKQPGUIGPGTCNGU
'NQRGTCTKQFGDGNNGXCTCNCRT±EVKECNCUPQTOCUFGUGIWTKFCFKPFKECFCURCTCGUVGVTCDCLQ[QDUGTXCT
VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
5KEWCNSWKGTKPFKECEKÉPFGNCUSWGUGEKVCPCEQPVKPWCEKÉPPQEWORNKGTCEQPNCNGIKUNCEKÉPNQECNUG
CRNKECT±NCO±UGUVTKEVC
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CWVQTK\CFQ[EQORGVGPVG
0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVGQEQORTQDCEKÉPFKUVKPVCFGNC
CVGPEKÉPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGO±UUGCDTKT±[UGDNQSWGCT±GNKPVGTTWRVQTUGRCTCFQTFG
GPGTIÃCGN¾EVTKEC
0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
J±ICNQEQPOWEJQEWKFCFQ[RTQV¾LCUGNQUQLQU
/CPWCNFGKPUVTWEEKQPGU
2TGECWEKQPGUFWTCPVGNCKPUVCNCEKÉP
.CO±SWKPCUÉNQFGDGNGXCPVCTUGWVKNK\CPFQGNGSWKRQCRTQRKCFQEQPHQTOGCNCUPQTOCVKXCUXKIGPVGU
GPOCVGTKCFGUGIWTKFCF6QFCUNCURKG\CUUWGNVCUQRKXQVCPVGUFGDGPUWLGVCTUGEQPUGIWTKFCFCPVGU
FGNGXCPVCT'UV±VGTOKPCPVGOGPVGRTQJKDKFQSWGFCTUGQRCUCTGPNC\QPCFGTKGUIQRQTFGDCLQFG
WPCECTICNGXCPVCFC.CCEGNGTCEKÉP[FGUCEGNGTCEKÉPFGGNGXCEKÉPFGDGPCLWUVCTUGCNQUNÃOKVGUFG
UGIWTKFCF2ÉPICUGGNECUEQFGUGIWTKFCFCNVTCDCLCTEGTECFGGSWKRQGNGXCFQTQC¾TGQ
%QNQSWGNCO±SWKPCFQPFGGNCKTGCODKGPVGUGCNQO±UHTGUEQ[NKORKQRQUKDNG5KGUPGEGUCTKQ
KPUVCNGWPEQPFWEVQFGUWEEKÉP0WPECQDUVTW[CNCVQOCFGCKTG&GDGTGFWEKTUGCNOÃPKOQNC
GPVTCFCFGNCJWOGFCFSWGCEQORCÇCCNCKTGFGCURKTCEKÉP
&GDGTGVKTCTEWCNSWKGTDTKFCQDVWTCFQTCVCRÉPVCRCQDQNUCUFGFGUGECPVGCPVGUFGEQPGEVCTNCU
VWDGTÃCU
.CUOCPIWGTCUFGCKTGFGDGT±PUGTFGNVCOCÇQEQTTGEVQ[CFGEWCFCUCNCRTGUKÉPFGVTCDCLQ0WPEC
WUGOCPIWGTCUFGUICUVCFCUFGVGTKQTCFCUQFGUJKNCEJCFCU.CUVWDGTÃCUFGFKUVTKDWEKÉP[UWU
EQPGZKQPGUFGDGT±PUGTFGNVCOCÇQEQTTGEVQ[CFGEWCFCUCNCRTGUKÉPFGVTCDCLQ
'NCKTGCURKTCFQGUVCT±NKDTGFGJWOQUQXCRQTGUKPHNCOCDNGURGLFKUQNXGPVGUFGRKPVWTCSWG
RQFTÃCPRTQFWEKTWPKPEGPFKQQGZRNQUKÉPKPVGTPC
%QNQSWGNCVQOCFGCKTGGPWPUKVKQFQPFGPQRWGFCCURKTCTTQRCUUWGNVCUFGNCURGTUQPCU
%QORTWGDGSWGNCVWDGTÃCFGFGUECTICSWGXCFGUFGGNEQORTGUQTCNTGHTKIGTCFQTRQUVGTKQTQCNCTGF
FGCKTGRWGFGFKNCVCTRQTGHGEVQUFGNECNQT[PQGUV±GPEQPVCEVQEQPOCVGTKCNKPHNCOCDNGQEGTECFG
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0QUGRWGFGGLGTEGTPKPIWPCHWGT\CGZVGTPCUQDTGNCX±NXWNCFGUCNKFCFGCKTGGNVWDQEQPGEVCFQPQ
RWGFGGUVCTUQOGVKFQCGUHWGT\Q
5KUGKPUVCNCWPEQPVTQNTGOQVQNCO±SWKPCNNGXCT±WPECTVGNGPRQUKEKÉPXKUKDNGKPFKECPFQ2'.+)41
'UVCO±SWKPCVKGPGEQPVTQNTGOQVQ[RWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'NQRGTCFQTFGDGCUGIWTCTUGFGSWGNCO±SWKPCGUV±RCTCFC[FGSWGGNKPVGTTWRVQTUGRCTCFQTGUV±
CDKGTVQ[DNQSWGCFQCPVGUFGTGCNK\CTEWCNSWKGTOCPVGPKOKGPVQQTGRCTCEKÉP2CTCOC[QTUGIWTKFCF
NCURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUV¾XGTKHKECPFQNCO±SWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECT±WPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKÉPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
.CUO±SWKPCUTGHTKIGTCFCURQTCKTGFGDGPKPUVCNCTUGFGOCPGTCSWGUGFKURQPICFGWPHNWLQ
CFGEWCFQFGCKTGFGTGHTKIGTCEKÉP[SWGGNCKTGFGGUECRGPQTGEKTEWNGCNCGPVTCFC
.CUEQPGZKQPGUGN¾EVTKECUFGDGPTGCNK\CTUGFGCEWGTFQEQPNQUEÉFKIQUNQECNGU.CKPUVCNCEKÉPFGDG
TGCNK\CTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQTOGFKQFGHWUKDNGUGPVQFCUNCUHCUGU&GDG
KPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTFGGPGTIÃCGN¾EVTKECEQPEKGTTGEGTECFGNEQORTGUQT
'PO±SWKPCUEQPUKUVGOCFGCTTCPSWGRCTCFCCWVQO±VKEQQUKGUV±CEVKXCFCNCHWPEKÉPFG
TGCTTCPSWGCWVQO±VKEQFGURW¾UFGKPVGTTWREKÉPFGNXQNVCLGUGHKLCT±EGTECFGNVCDNGTQFG
KPUVTWOGPVQUWPECTVGNSWGFKIC'UVCO±SWKPCRWGFGRQPGTUGGPOCTEJCUKPRTGXKQCXKUQ
'PNQUUKUVGOCUHQTOCFQURQTXCTKQUEQORTGUQTGUFGDGPKPUVCNCTUGX±NXWNCUOCPWCNGURCTCCKUNCT
ECFCEQORTGUQT0QFGDGEQPHKCTUGGPNCUX±NXWNCUCPVKTTGVQTPQ
X±NXWNCUFGTGVGPEKÉPRCTCCKUNCT
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0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCO±SWKPC%CFCTGEKRKGPVGCRTGUKÉPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
O±SWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKÉPUWRGTKQTCNCCVOQUH¾TKECUGRTQVGIGT±EQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKÉPUKGUVQHWGTCPGEGUCTKQ
&GDGRTQVGIGTQCKUNCTNCUVWDGTÃCUWQVTCURCTVGUSWGCNECPEGPVGORGTCVWTCUUWRGTKQTGUCNQUu%
u(SWGRWGFCVQECTCEEKFGPVCNOGPVGGNRGTUQPCNFWTCPVGGNHWPEKQPCOKGPVQPQTOCN.CUQVTCU
VWDGTÃCUCVGORGTCVWTCGNGXCFCUGOCTECT±PCFGEWCFCOGPVG
/CPWCNFGKPUVTWEEKQPGU
2CTCXGTUKQPGUTGHTKIGTCFCURQTCIWCGNUKUVGOCFGCIWCFGTGHTKIGTCEKÉPKPUVCNCFQHWGTCFGNC
O±SWKPCFGDGGUVCTRTQVGIKFQRQTWPFKURQUKVKXQFGUGIWTKFCFEQPRTGUKÉPFGCLWUVGEQPHQTOGCNC
RTGUKÉPO±ZKOCFGGPVTCFCFGCIWCFGTGHTKIGTCEKÉP
5KGNUWGNQPQGUV±PKXGNCFQQRWGFGGUVCTUWLGVQCKPENKPCEKÉPXCTKCDNGEQPUWNVGCNHCDTKECPVG
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FWTCPVGHWPEKQPCOKGPVQ[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPX±NKFCURCTCO±SWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUVKRQUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGURTQRKCU
FGNCCRNKECEKÉPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECT±EVGTIGPGTCN[UQPX±NKFCURCTCXCTKQUVKRQUFG
O±SWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCO±SWKPC
2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
'NHCDTKECPVGFGENKPCVQFCTGURQPUCDKNKFCFRQTEWCNSWKGTFCÇQQNGUKÉP
TGUWNVCPVGFGNPQEWORNKOKGPVQFGGUVCURTGECWEKQPGUQFGNCPQ
QDUGTXCEKÉPFGNCRTGECWEKÉPJCDKVWCN[GNFGDKFQEWKFCFQGPNCKPUVCNCEKÉP
OCPGLQOCPVGPKOKGPVQQTGRCTCEKÉPCWPSWGPQUGJC[COGPEKQPCFQ
GZRTGUCOGPVG
2TGECWEKQPGUIGPGTCNGU
'NQRGTCTKQFGDGNNGXCTCNCRT±EVKECNCUPQTOCUFGUGIWTKFCFKPFKECFCURCTCGUVGVTCDCLQ[QDUGTXCT
VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
5KEWCNSWKGTKPFKECEKÉPFGNCUSWGUGEKVCPCEQPVKPWCEKÉPPQEWORNKGTCEQPNCNGIKUNCEKÉPNQECNUG
CRNKECT±NCO±UGUVTKEVC
.CKPUVCNCEKÉPHWPEKQPCOKGPVQOCPVGPKOKGPVQ[TGRCTCEKQPGUUÉNQUGNNGXCT±PCECDQRQTRGTUQPCN
CWVQTK\CFQ[EQORGVGPVG
0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVGQEQORTQDCEKÉPFKUVKPVCFGNC
CVGPEKÉPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGO±UUGCDTKT±[UGDNQSWGCT±GNKPVGTTWRVQTUGRCTCFQTFG
GPGTIÃCGN¾EVTKEC
0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
J±ICNQEQPOWEJQEWKFCFQ[RTQV¾LCUGNQUQLQU
/CPWCNFGKPUVTWEEKQPGU
2TGECWEKQPGUFWTCPVGHWPEKQPCOKGPVQ
7UGUQNCOGPVGGNVKRQ[VCOCÇQEQTTGEVQUFGEQPGZKQPGU[CEEGUQTKQU#NUQRNCTCKTGCVTCX¾UFG
WPCOCPIWGTCQVWDGTÃCCUGIÐTGUGFGSWGUGUWLGVCHKTOGOGPVGGNGZVTGOQCDKGTVQ7PGZVTGOQ
NKDTGIQNRGCT±EQOQWPN±VKIQ[RQFT±ECWUCTNGUKQPGU#UGIÐTGUGFGSWGNCUOCPIWGTCUGUV±P
EQORNGVCOGPVGFGURTGUWTK\CFCUCPVGUFGFGUEQPGEVCTNCU
.CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUV¾XGTKHKECPFQNCO±SWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECT±WPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKÉPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
0WPECJCICHWPEKQPCTNQUITWRQUGPNWICTGUFQPFGGZKUVCNCRQUKDKNKFCFFGCURKTCTGOCPCEKQPGU
KPHNCOCDNGUQVÉZKECU
0WPECJCICHWPEKQPCTNCO±SWKPCRQTFGDCLQQGPEKOCFGUWUNÃOKVGU
/CPVGPICEGTTCFCUVQFCUNCURWGTVCUFGNCECTTQEGTÃCFWTCPVGGNHWPEKQPCOKGPVQ5ÉNQRWGFGP
CDTKTUGRQTDTGXGVKGORQRGLRCTCGHGEVWCTEQORTQDCEKQPGU7UGRTQVGEVQTGUFGQÃFQUCNCDTKTWPC
RWGTVC
.CURGTUQPCUSWGRGTOCPG\ECPGPWPCODKGPVGQWPCUCNCFQPFGGNPKXGNFGUQPKFQCNECPEGQ
GZEGFCF$
#FGDGPWUCTRTQVGEVQTGUFGQÃFQU
%QORTWGDGRGTKÉFKECOGPVGSWG
Ő 6QFCUNCURTQVGEEKQPGUUGGPEWGPVTCPGPUWNWICTRGTHGEVCOGPVGCUGIWTCFCU
Ő 6QFCUNCUOCPIWGTCU[QVWDGTÃCUFGPVTQFGNITWRQUGGPEWGPVTCPGPDWGPCUEQPFKEKQPGUDKGP
UWLGVCU[SWGPQUGTQ\CP
Ő 0QGZKUVGPHWICU
Ő 6QFQUNQUVGPUQTGUGUV±PCRTGVCFQU
Ő 6QFQUNQUECDNGUGN¾EVTKEQUUGGPEWGPVTCPUGIWTQU[GPDWGPCUEQPFKEKQPGU
Ő .CUX±NXWNCUFGUGIWTKFCF[NQUQVTQUFKURQUKVKXQUFGGXCEWCEKÉPFGRTGUKÉPPQGUV±PCVCUECFQU
RQTGUECOCUQRKPVWTC
Ő .CX±NXWNCFGUCNKFC[TGFFGCKTGGUFGEKTVWDQUCEQRNCOKGPVQUEQNGEVQTGUX±NXWNCU
OCPIWGTCUGVEUGGPEWGPVTCPGPDWGPGUVCFQUKPFGUICUVGUCPQTOCNGU[VTCVCFQU
CFGEWCFCOGPVG
5KUGWUCGNCKTGFGTGHTKIGTCEKÉPECNKGPVGFGEQORTGUQTGUGPWPUKUVGOCFGECNGHCEEKÉPRQTCKTG
RGLRCTCECNGPVCTWPVCNNGTJC[SWGVQOCTRTGECWEKQPGUEQPVTCNCRQNWEKÉP[EQPVCOKPCEKÉP
GXGPVWCNFGNCKTGTGURKTCDNG
0QSWKVGPKPIWPCRCTVGFGNOCVGTKCNKPUQPQTK\CPVGPKNQECODKGFGUKVKQ
0WPECCPWNGPKOCPKRWNGNQUFKURQUKVKXQUFGUGIWTKFCFPKNCURTQVGEEKQPGUQNQUCKUNCOKGPVQU
OQPVCFQUGPNCO±SWKPC%CFCFGRÉUKVQCRTGUKÉPQFKURQUKVKXQCWZKNKCTKPUVCNCFQHWGTCFGNC
O±SWKPCSWGXC[CCEQPVGPGTCKTGCRTGUKÉPUWRGTKQTCNCCVOQUH¾TKECUGRTQVGIGT±EQPWP
FKURQUKVKXQQFKURQUKVKXQURCTCGXCEWCTFKEJCRTGUKÉPUKGUVQHWGTCPGEGUCTKQ
%QPUWNVGVCODK¾PNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGKPUVCNCEKÉP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPX±NKFCURCTCO±SWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKÉPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECT±EVGTIGPGTCN[UQPX±NKFCURCTCXCTKQUVKRQUFG
O±SWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCO±SWKPC
/CPWCNFGKPUVTWEEKQPGU
2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQ
TGRCTCEKQPGU
'NHCDTKECPVGFGENKPCVQFCTGURQPUCDKNKFCFRQTEWCNSWKGTFCÇQQNGUKÉP
TGUWNVCPVGFGNPQEWORNKOKGPVQFGGUVCURTGECWEKQPGUQFGNCPQ
QDUGTXCEKÉPFGNCRTGECWEKÉPJCDKVWCN[GNFGDKFQEWKFCFQGPNCKPUVCNCEKÉP
OCPGLQOCPVGPKOKGPVQQTGRCTCEKÉPCWPSWGPQUGJC[COGPEKQPCFQ
GZRTGUCOGPVG
2TGECWEKQPGUIGPGTCNGU
'NQRGTCTKQFGDGNNGXCTCNCRT±EVKECNCUPQTOCUFGUGIWTKFCFKPFKECFCURCTCGUVGVTCDCLQ[QDUGTXCT
VQFCUNCUQTFGPCP\CU[TGSWGTKOKGPVQUNQECNGUGUVCDNGEKFQUGPOCVGTKCFGUGIWTKFCF
5KEWCNSWKGTKPFKECEKÉPFGNCUSWGUGEKVCPCEQPVKPWCEKÉPPQEWORNKGTCEQPNCNGIKUNCEKÉPNQECNUG
CRNKECT±NCO±UGUVTKEVC
.CKPUVCNCEKÉPHWPEKQPCOKGPVQOCPVGPKOKGPVQ[TGRCTCEKQPGUUÉNQUGNNGXCT±PCECDQRQTRGTUQPCN
CWVQTK\CFQ[EQORGVGPVG
0QUGEQPUKFGTCCNEQORTGUQTECRC\FGUWOKPKUVTCTCKTGTGURKTCDNG2CTCQDVGPGTCKTGTGURKTCDNGGN
CKTGEQORTKOKFQFGDGUGTRWTKHKECFQEQTTGEVCOGPVGRCTCGUVGWUQEQPHQTOGCNCUPQTOCU[NG[GU
NQECNGU
#PVGUFGGORG\CTGNVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVGQEQORTQDCEKÉPFKUVKPVCFGNC
CVGPEKÉPTWVKPCTKCRCTGGNEQORTGUQTRWNUGGNDQVÉPFGRCTCFCFGGOGTIGPEKCFGUEQPGEVGGN
XQNVCLG[FGURTGUWTKEGGNEQORTGUQT#FGO±UUGCDTKT±[UGDNQSWGCT±GNKPVGTTWRVQTUGRCTCFQTFG
GPGTIÃCGN¾EVTKEC
0QLWGIWGPWPECEQPGNCKTGEQORTKOKFQ0QNQCRNKSWGCNCRKGNPKFKTKLCEJQTTQUFGCKTGCPKPIWPC
RGTUQPC0QWVKNKEGPWPECGNCKTGEQORTKOKFQRCTCNKORKCTUGNCTQRC#NWUCTNQRCTCNKORKCTGNGSWKRQ
J±ICNQEQPOWEJQEWKFCFQ[RTQV¾LCUGNQUQLQU
2TGECWEKQPGUFGUGIWTKFCFFWTCPVGOCPVGPKOKGPVQQTGRCTCEKQPGU
2ÉPICUGUKGORTGWPCUICHCUFGUGIWTKFCF
7UGUQNCOGPVGNCUJGTTCOKGPVCUCFGEWCFCUCNVTCDCLQFGOCPVGPKOKGPVQ[TGRCTCEKÉP
5ÉNQRQFT±PWVKNK\CTUGTGRWGUVQUQTKIKPCNGU
.QUVTCDCLQUFGOCPVGPKOKGPVQUGNNGXCT±PCECDQÐPKECOGPVGEWCPFQNCO±SWKPCUGJC[CGPHTKCFQ
#FGO±UGNGSWKRQFGCTTCPSWGFGDGNNGXCTWPECTVGNSWGFKICRGLUGGUV±VTCDCLCPFQPQRQPGTGP
OCTEJC
.CURGTUQPCUSWGCEEKQPCPGSWKRQURQTEQPVTQNTGOQVQFGDGPVQOCTNCURTGECWEKQPGUCFGEWCFCU
RCTCCUGIWTCTUGFGSWGPCFKGGUV¾XGTKHKECPFQNCO±SWKPCQVTCDCLCPFQGPGNNC#GUVGHKPUG
EQNQECT±WPCXKUQCFXKTVKGPFQSWGGNGSWKRQGPEWGUVKÉPCTTCPECRQTEQPVTQNTGOQVQ
CFKUVCPEKC
%KGTTGNCX±NXWNCFGUCNKFCFGCKTGCPVGUFGEQPGEVCTQFGUEQPGEVCTWPCVWDGTÃC
#PVGUFGFGUOQPVCTEWCNSWKGTEQORQPGPVGRTGUWTK\CFQCÃUNGGNITWRQFGVQFCUNCUHWGPVGUFG
RTGUKÉP[CNKXKGVQFQGNUKUVGOCFGRTGUKÉP
0WPECWUGFKUQNXGPVGUKPHNCOCDNGUPKVGVTCENQTWTQFGECTDQPQRCTCNKORKCTNCURKG\CU6QOGOGFKFCU
FGUGIWTKFCFEQPVTCXCRQTGUVÉZKEQUFGNÃSWKFQUFGNKORKG\C
'ZVTGOGNCNKORKG\CFWTCPVGNQUVTCDCLQUFGOCPVGPKOKGPVQ[TGRCTCEKÉP%WDTCNCURKG\CU[NCU
CDGTVWTCUEQPWPRCÇQNKORKQRCRGNQEKPVCCFJGUKXCGXKVCPFQCUÃSWGRGPGVTGRQNXQ
/CPWCNFGKPUVTWEEKQPGU
0WPECUWGNFGPKNNGXGCECDQPKPIWPCQRGTCEKÉPSWGKORNKSWGGNWUQFGECNQTEGTECFGNUKUVGOCFG
CEGKVG.QUVCPSWGUFGCEGKVGFGDGPRWTICTUGEQORNGVCOGPVGEQPXCRQTRQTGLGORNQCPVGUFG
GHGEVWCTVCNGUQRGTCEKQPGU0QUWGNFGPKOQFKHKSWGPWPECTGEKRKGPVGUCRTGUKÉP
#NCOGPQTUGÇCNQUQURGEJCFGUQDTGECNGPVCOKGPVQFGWPCRCTVGKPVGTPCFGWPCO±SWKPCFGDG
RCTCTUG¾UVC[PQCDTKTPKPIWPCVCRCFGKPURGEEKÉPJCUVCWPCXG\VTCPUEWTTKFQDCUVCPVGVKGORQFG
GPHTKCOKGPVQCHKPFGGXKVCTGNTKGUIQFGKIPKEKÉPGURQPV±PGCFGNXCRQTFGCEGKVGCNGPVTCTGP
EQPVCEVQEQPGNCKTG
0WPECWVKNKEGWPCHWGPVGFGKNWOKPCEKÉPEQPNNCOCNKDTGRCTCKPURGEEKQPCTGNKPVGTKQTFGWPCO±SWKPC
TGEKRKGPVGCRTGUKÉPGVE
#UGIÐTGUGFGSWGPQJCPSWGFCFQJGTTCOKGPVCURKG\CUUWGNVCUQVTCRQUFGPVTQQGPEKOCFGNC
O±SWKPC
6QFQUNQUFKURQUKVKXQUTGIWNCFQTGU[FGUGIWTKFCFFGDGPOCPVGPGTUGEQPGNFGDKFQEWKFCFQRCTC
ICTCPVK\CTSWGHWPEKQPCPEQTTGEVCOGPVG'UV±RTQJKDKFQCRCICTGUVQUFKURQUKVKXQU
#PVGUFGFGLCTNCO±SWKPCNKUVCRCTCWUQFGURW¾UFGNOCPVGPKOKGPVQQTGXKUKÉPEQORTWGDGSWGNCU
RTGUKQPGU[VGORGTCVWTCUFGHWPEKQPCOKGPVQ[NQUCLWUVGUFGVKGORQUQPEQTTGEVQU%QORTWGDGSWG
NQUFKURQUKVKXQUFGEQPVTQN[RCTCFCGUV±PKPUVCNCFQU[HWPEKQPCPEQTTGEVCOGPVG5KUGJCSWKVCFQGN
IWCTFCCEQRNCOKGPVQFGNGLGFGCEEKQPCOKGPVQFGNEQORTGUQTEQORTWGDGSWGGUV±TGKPUVCNCFQ
'ZCOKPGGNVWDQFGKORWNUKÉP[GNKPVGTKQTFGNFGRÉUKVQUGRCTCFQTFGCEGKVGECFCXG\SWGUGECODKG
GNGNGOGPVQUGRCTCFQTRCTCXGTUKGZKUVGPTGEKRKGPVGUUGRCTCFQTGUFGCEGKVGRCTCFGRÉUKVQUFG
ECTDÉP5KUQPGZEGUKXQUFGDGPTGVKTCTUG
2TQVGLCGNOQVQTGNHKNVTQFGCKTGNQUEQORQPGPVGUGN¾EVTKEQU[TGIWNCFQTGUGVEFGNCGPVTCFCFG
JWOGFCFRGLFWTCPVGNCNKORKG\CEQPXCRQT
#UGIÐTGUGFGSWGVQFQGNOCVGTKCNKPUQPQTK\CPVGRGLGPNCECTTQEGTÃC[NQUUKUVGOCUFGGPVTCFC[
UCNKFCFGCKTGFGNEQORTGUQTUGJCNNCGPDWGPGUVCFQ'PECUQFGFCÇQTGGORN±EGNQRQTOCVGTKCN
QTKIKPCNFGNHCDTKECPVGRCTCGXKVCTSWGCWOGPVGGNPKXGNFGRTGUKÉPFGUQPKFQ
0WPECWVKNKEGFKUQNXGPVGUE±WUVKEQUSWGRWGFCPQECUKQPCTFCÇQCNOCVGTKCNFGNCTGFFGCKTGRGLNCU
VC\CUFGRQNKECTDQPCVQ
5GJCEGJKPECRK¾GPNCUUKIWKGPVGURTGECWEKQPGUFGUGIWTKFCFCNOCPGLCTGNTGHTKIGTCPVG
Ő 0WPECCURKTGNQUXCRQTGUFGNTGHTKIGTCPVG%QORTWGDGSWGGN±TGCFGVTCDCLQGUV±XGPVKNCFC
CFGEWCFCOGPVGWVKNKEGWPCO±UECTCRTQVGEVQTCUKHWGTCPGEGUCTKQ
Ő 7UGUKGORTGIWCPVGUGURGEKCNGU'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGEQPNCRKGNGPLWCIWGEQP
CDWPFCPVGCIWC'PECUQFGEQPVCEVQFGNTGHTKIGTCPVGNÃSWKFQEQPNCRKGNCVTCX¾UFGNCTQRCPQ
CTTCPSWGPKUGGZVTCKICNCRTGPFCOQLGNCTQRCCDWPFCPVGOGPVGEQPCIWCJCUVCSWGJC[C
FGUCRCTGEKFQVQFQGNTGHTKIGTCPVGCRNKSWGFGURW¾UNQURTKOGTQUCWZKNKQU
2ÉPICUGUKGORTGIWCPVGURTQVGEVQTGURCTCGNKOKPCTGNTKGUIQFGNGUKQPGUECWUCFCURQTRKG\CUFG
O±SWKPCUUQDTGECNGPVCFCURGLCNUCECTCEGKVG
%QPUWNVGVCODK¾PNCURTGECWEKQPGUFGUGIWTKFCFUKIWKGPVGU2TGECWEKQPGUFGUGIWTKFCF
FWTCPVGKPUVCNCEKÉP[2TGECWEKQPGUFGUGIWTKFCFFWTCPVGHWPEKQPCOKGPVQ
.CURTGUGPVGURTGECWEKQPGUUQPX±NKFCURCTCO±SWKPCUSWGVTCVGPQEQPUWOCPCKTGQ
ICUKPGTVG'NVTCVCOKGPVQFGQVTQUGURGEKGUFGICUGZKIGRTGECWEKQPGUCFKEKQPCNGU
RTQRKCUFGNCCRNKECEKÉPSWGPQHKIWTCPGPGNVGZVQCNRKG
#NIWPCURTGECWEKQPGUUQPFGECT±EVGTIGPGTCN[UQPX±NKFCURCTCXCTKQUVKRQUFG
O±SWKPCU[GSWKRQURQTEQPUKIWKGPVGRWGFGSWGCNIWPCUKPFKECEKQPGUPQTGUWNVGP
UKGORTGCRNKECDNGUCNCO±SWKPC
/CPWCNFGKPUVTWEEKQPGU
&GUETKREKÉPIGPGTCN
+PVTQFWEEKÉP
+PVTQFWEEKÉP
.QU):[):UQPEQORTGUQTGUFGVQTPKNNQFGGVCRCÐPKECKP[GEVCFQUFGCEGKVG
'NEQORTGUQTGUV±TGHTKIGTCFQRQTCKTG[CEEKQPCFQRQTEQTTGCRQTOGFKQFGWPOQVQTGN¾EVTKEQ'N
EQORTGUQTXCCNQLCFQFGPVTQFGWPCECTTQEGTÃCKPUQPQTK\CPVG5GGPEWGPVTCPRTQXKUVQUFGWPRCPGNFG
EQPVTQNFGH±EKNOCPGLQ
SWGKPENW[GGNKPVGTTWRVQTFGCTTCPSWGRCTCFC[GNDQVÉPFGRCTCFCFG
GOGTIGPEKC.CECTTQEGTÃCKPEQTRQTCWPCTOCTKQSWGCNQLCCNTGIWNCFQTRTGUQUVCVQ[CTTCPECFQTFGN
OQVQT
/QFGNQUQDTGUWGNQ
'NEQORTGUQTRWGFGKPUVCNCTUGFKTGEVCOGPVGGPGNUWGNQ
/QFGNQUQDTGFGRÉUKVQ
8KUVCFGNCPVGTC):[):(WNN(GCVWTG
.QU):[):GUV±POQPVCFQUUQDTGWPFGRÉUKVQFGCKTG
#4FGITCPECRCEKFCFFGN
75
ICN+ORICNEWHVQWPFGRÉUKVQFGCKTGFGN
75ICN+ORICNEWHV
/CPWCNFGKPUVTWEEKQPGU
4GH
&GUKIPCEKÉP
2CPGNFGEQPVTQN
#(
(KNVTQFGCKTG
#1
5CNKFCFGCKTG
#4
&GRÉUKVQFGCKTG
%C
4GHTKIGTCFQTFGCKTG
%Q
4GHTKIGTCFQTFGCEGKVG
&C
2WPVQFGFTGPCLGCWVQO±VKEQ
&O
2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQEQORTGUQT
&4
5GECFQT
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'NGOGPVQEQORTGUQT
1(
(KNVTQFGCEGKVG
15
5GRCTCFQTFGCEGKVG
16
&GRÉUKVQFGUGRCTCFQTFGCEGKVG
):(WNN(GCVWTG
'PNCECTTQEGTÃCUGKPVGITCPWPTGHTKIGTCFQTFGCKTG
%C[WPUGECFQTFGCKTG
&45GKPENW[GWPUKUVGOC
FGFTGPCLGFGEQPFGPUCFQEQPWPCX±NXWNCRCTCRWTICCWVQO±VKECFWTCPVGGNHWPEKQPCOKGPVQ
&C[QVTC
RCTCRWTICOCPWCN
&O
):2CEM
'NEQORTGUQTECTGEGFGTGHTKIGTCFQTFGCKTGUGECFQTFGCKTG[UKUVGOCFGFTGPCLGFGEQPFGPUCFQGPGN
OQFGNQGUV±PFCT
/CPWCNFGKPUVTWEEKQPGU
(NWLQFGCKTG
&KCITCOCFGHNWLQ
(NWLQFGCKTG):[):2CEM
'NCKTGGUCURKTCFQCVTCX¾UFGNHKNVTQ
#([NCX±NXWNCFGGPVTCFCCDKGTVC
+8GPGNGNGOGPVQEQORTGUQT
'UGEQORTKOG'NCKTGEQORTKOKFQ[GNHNWLQFGCEGKVGRCUCPCNUGRCTCFQTFGRÉUKVQFGCEGKVG
16'N
CKTGUGFGUECTICCVTCX¾UFGWPCX±NXWNCFGRTGUKÉPOÃPKOC
8RJCEKCNCUCNKFCFGCKTG
#1
/CPWCNFGKPUVTWEEKQPGU
(NWLQFGCKTG):[):(WNN(GCVWTG
'NCKTGGUCURKTCFQCVTCX¾UFGNHKNVTQ
#([NCX±NXWNCFGGPVTCFCCDKGTVC
+8GPGNGNGOGPVQEQORTGUQT
'FQPFGUGEQORTKOG'NCKTGEQORTKOKFQ[GNHNWLQFGCEGKVGRCUCPCNUGRCTCFQTFGRÉUKVQFGCEGKVG
16'NCKTGUGFGUECTICCVTCX¾UFGNCX±NXWNCFGRTGUKÉPOÃPKOC
8RGNTGHTKIGTCFQTFGCKTG
%C[GN
UGECFQTFGCKTG
&4JCEKCNCUCNKFCFGCKTG
#1
/CPWCNFGKPUVTWEEKQPGU
5KUVGOCFGCEGKVG
):[):2CEM
):[):(WNN(GCVWTG
/CPWCNFGKPUVTWEEKQPGU
'NCKTGCRTGUKÉPHWGT\CGNCEGKVGFGUFGGNUGRCTCFQTFGRÉUKVQ
16CVTCX¾UFGNTGHTKIGTCFQTFGCEGKVG
%Q
[HKNVTQ
1(CNGNGOGPVQEQORTGUQT
'[NQURWPVQUFGNWDTKECEKÉP'PGNUGRCTCFQTFGRÉUKVQFGCEGKVG
16NCOC[QTRCTVGFGNCEGKVGUGGNKOKPCRQTHWGT\CEGPVTÃHWICGNTGUVQNQSWKVCGNUGRCTCFQT
15
'NUKUVGOCFGCEGKVGGUV±RTQXKUVQFGWPCX±NXWNCFGFGTKXCEKÉP
$8%WCPFQNCVGORGTCVWTCFGNCEGKVG
GUV±RQTFGDCLQFGNRWPVQFGCLWUVGFGNCX±NXWNCNCX±NXWNCFGFGTKXCEKÉPEKGTTCNCGPVTCFCFGCEGKVG
FGUFGGNTGHTKIGTCFQT%WCPFQNCVGORGTCVWTCFGNCEGKVGUWRGTCGNCLWUVGFGNCX±NXWNCNCX±NXWNCFG
FGTKXCEKÉPGORKG\CCCDTKTGNUWOKPKUVTQFGUFGGNTGHTKIGTCFQT
%Q'NCLWUVGFGNCX±NXWNCFGFGTKXCEKÉP
FGRGPFGFGNOQFGNQ8¾CUGNCUGEEKÉP&CVQUFGNEQORTGUQT
5KUVGOCFGTGHTKIGTCEKÉP
5KUVGOCFGTGHTKIGTCEKÉP
):[):
'NUKUVGOCFGTGHTKIGTCEKÉPEQPUVCFGTGHTKIGTCFQTFGCEGKVG
%Q7PXGPVKNCFQT
(0OQPVCFQ
FKTGEVCOGPVGGPGNGLGFGNOQVQTIGPGTCGNCKTGFGTGHTKIGTCEKÉPSWGUKTXGRCTCGPHTKCTGNCEGKVG
/CPWCNFGKPUVTWEEKQPGU
):[):(WNN(GCVWTG
'NUKUVGOCFGTGHTKIGTCEKÉPEQPUVCFGTGHTKIGTCFQTFGCEGKVG
%Q[TGHTKIGTCFQTFGCKTG
%C7PXGPVKNCFQT
(0OQPVCFQFKTGEVCOGPVGGPGNGLGFGNOQVQTIGPGTCGNCKTGFGTGHTKIGTCEKÉPSWGUKTXGRCTCGPHTKCTGN
CEGKVG[GNCKTGEQORTKOKFQ
5KUVGOCFGTGIWNCEKÉP
%QORQPGPVGURTKPEKRCNGU
8KUVCFGNUKUVGOCFGTGIWNCEKÉP
.QUEQORQPGPVGURTKPEKRCNGUFGNUKUVGOCFGTGIWNCEKÉPUQP
Ő 2TGUQUVCVQSWGUGCDTG[UGEKGTTCGPNQUNÃOKVGUFGRTGUKÉPRTGGUVCDNGEKFQU8¾CUG2TQVGEEKÉPFGN
EQORTGUQT
Ő &GUECTICFQT
7#KPENWKFCNCX±NXWNCFGGPVTCFC
+8[NCFGFGUECTIC
78
Ő 8±NXWNCFGUQNGPQKFGFGECTIC
;
/CPWCNFGKPUVTWEEKQPGU
%CTIC
/KGPVTCUNCRTGUKÉPFGVTCDCLQUGGPEWGPVTGDCLQGNNÃOKVGO±ZKOQNCX±NXWNCFGUQNGPQKFGSWGFC
GPGTIK\CFC[RGTOKVGSWGGNCKTGFGEQPVTQNRCUGCNFGUECTICFQTNCX±NXWNCFGGPVTCFCCDTGRQTEQORNGVQ
[NCX±NXWNCFGFGUECTICEKGTTCRQTEQORNGVQ'NEQORTGUQTOCTEJCT±EQORNGVCOGPVGECTICFQ
RTQFWEEKÉPCN
&GUECTIC
5KNCRTGUKÉPFGVTCDCLQCNECP\CGNNÃOKVGO±ZKOQNCX±NXWNCFGUQNGPQKFGUGFGUGPGTIK\C[GZRWNUCGNCKTG
FGEQPVTQNNCX±NXWNCFGGPVTCFCEKGTTCRQTEQORNGVQ[NCX±NXWNCFGFGUECTICCDTGRQTEQORNGVQ'N
EQORTGUQTOCTEJCT±EQORNGVCOGPVGFGUECTICFQ
RTQFWEEKÉPCN
5KGNEQORTGUQTUKIWGOCTEJCPFQGPFGUECTICFWTCPVGWPRGTKQFQKPKPVGTTWORKFQFGUGIWPFQUUGT±
RCTCFQ'NEQORTGUQTXQNXGT±CCTTCPECTCWVQO±VKECOGPVGEWCPFQNCRTGUKÉPFGNCTGFFGUEKGPFCCNNÃOKVG
OÃPKOQ
/CPWCNFGKPUVTWEEKQPGU
2CPGNFGEQPVTQN
2CPGNFGEQPVTQN
/CPWCNFGKPUVTWEEKQPGU
4GHGTGPEKC
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+PVGTTWRVQTFGCTTCPSWG
RCTCFC
2CTCCTTCPECTQRCTCTGNEQORTGUQT&GURW¾UFGN
OCPFQFGRCTCFCGNEQORTGUQTOCTEJCT±GP
FGUECTICFWTCPVGUGIWPFQU[UGRCTCT±CNECDQ
FGFKEJQRGTKQFQ
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0QUGGPEWGPVTCKPUVCNCFQGPXGTUKQPGU2CEM
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TQLCKPFKECGNNÃOKVGO±ZKOQ
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CWVQO±VKEQ
%WCPFQGUV±GPEGPFKFCNCN±ORCTCKPFKECSWGGN
TGIWNCFQTEQPVTQNCGNEQORTGUQTCWVQO±VKECOGPVGGN
EQORTGUQTUGECTICFGUECTICRCTC[XWGNXGC
CTTCPECTUGIÐPGNEQPUWOQFGCKTG[NQUNÃOKVGUFG
RTGUKÉPRTGGUVCDNGEKFQU.CN±ORCTCUGCRCIC
FGURW¾UFGWPCRCTCFCOCPWCN
5
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GOGTIGPEKC
2CTCRCTCTGNEQORTGUQTCNKPUVCPVGRWGFGWVKNK\CTUG
ÐPKECOGPVGGPECUQFGGOGTIGPEKC&GDG
FGUDNQSWGCTUGCPVGUFGCTTCPECTVKTCPFQFGNOKUOQ
7VKNKEGGNDQVÉPFGRCTCFCFGGOGTIGPEKC
5ÐPKECOGPVGGPECUQFGGOGTIGPEKC
/CPWCNFGKPUVTWEEKQPGU
2TQVGEEKÉPFGNEQORTGUQT
%WDÃEWNQGN¾EVTKEQ
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-
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254
2TGUQUVCVQ
X¾CUG2TGUQUVCVQFGFGUECTICRCTCFC
/CPWCNFGKPUVTWEEKQPGU
8±NXWNCFGUGIWTKFCFFGNEQORTGUQT
4GHGTGPEKC
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FKCITCOCU
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2CTCGNEQORTGUQTGPECUQFGWPCUWDKFCGZEGUKXCFG
NCEQTTKGPVGFGNOQVQT
65**
8¾CUGVCODK¾PNC
UGEEKÉPFG
FKCITCOCU
GN¾EVTKEQU
6GTOQUVCVQFGRCTCFCFG
CNCTOC
2CTCGNEQORTGUQTGPECUQFGWPCUWDKFCGZEGUKXCFG
NCVGORGTCVWTCGPNCUCNKFCFGNGNGOGPVQEQORTGUQT
58
8±NXWNCFGUGIWTKFCF
2TQVGIGGNUKUVGOCFGUCNKFCFGCKTGGPECUQFGSWGNC
RTGUKÉPFGUCNKFCGZEGFCNCRTGUKÉPFGCRGTVWTCFGNC
X±NXWNC
/CPWCNFGKPUVTWEEKQPGU
5GECFQTFGCKTG
5GECFQTFGCKTG
'NCKTGEQORTKOKFQJÐOGFQ
$GPVTCGPGNUGECFQT[EQPVKPÐCGPHTK±PFQUGOGFKCPVGGNCKTGUGECFQSWG
UCNG
5GEQPFGPUCNCJWOGFCFGPGNCKTGSWGGPVTC#EQPVKPWCEKÉPGNCKTGHNW[GCVTCX¾UFGN
KPVGTECODKCFQTFGECNQT
FQPFGGNTGHTKIGTCPVGUGGXCRQTCCNGZVTCGTECNQTFGNCKTG'NCKTGHTÃQRCUCC
VTCX¾UFGNEQNGEVQTFGEQPFGPUCFQ
FQPFGGNEQPFGPUCFQUGUGRCTCFGNCKTG'NEQPFGPUCFQGU
FTGPCFQCWVQO±VKECOGPVG'NCKTGUGECFQ[HTÃQRCUCUGIWKFCOGPVGCVTCX¾UFGNKPVGTECODKCFQTFGECNQT
FQPFGUGECNKGPVCOGFKCPVGGNCKTGFGGPVTCFC
/CPWCNFGKPUVTWEEKQPGU
+PUVCNCEKÉP
2TQRWGUVCFGKPUVCNCEKÉP
+ORQTVCPVG
6TCPURQTVGRQTECTTGVKNNCGNGXCFQTC
2CTCGXKVCTSWGUGXWGNSWGWPOQFGNQOQPVCFQUQDTGFGRÉUKVQFWTCPVGGNVTCPURQTVG
EQPWPCECTTGVKNNCGNGXCFQTCKPUGTVGNCUJQTSWKNNCUFGDCLQFGNFGRÉUKVQFGCKTG[
OQPVGWPCXKICFGOCFGTC
UGEEKÉPCRTQZKOCFCZEOZRWNIC
VTCX¾UFGNQUUQRQTVGURQTNQUFQUNCFQUFGNFGRÉUKVQ#NVKGORQSWGUWLGVCGN
EQORTGUQTNGXCPVGNCUJQTSWKNNCUFGURCEKQJCUVCSWGGNFGRÉUKVQUGGPEWGPVTG
UWLGVCFQGPVTGNCUXKICU
/WGXCGNEQORTGUQTFGOCPGTCUWCXG
/CPWCNFGKPUVTWEEKQPGU
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/CPWCNFGKPUVTWEEKQPGU
4GH
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/QPVGNCUCNOQJCFKNNCUFGIQOC
UWOKPKUVTCFCUUWGNVCUEQPGNEQORTGUQTGPNQUUQRQTVGU
FGNEQORTGUQT
+PUVCNGGNEQORTGUQTUQDTGWPUWGNQPKXGNCFQ[UÉNKFQECRC\FGUQRQTVCTGNRGUQFGNOKUOQ
.CFKUVCPEKCOÃPKOCTGEQOGPFCFCGPVTGNCRCTVGUWRGTKQTFGNCWPKFCF[GNVGEJQGUFG
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RWNI
0QFGDGCVQTPKNNCTEQPRGTPQUGNFGRÉUKVQFGCKTGCNUWGNQ
.CFKUVCPEKCOÃPKOCGPVTGNCRCTGF[NCRCTVGVTCUGTCFGNEQORTGUQTGUFGOO
RWNI
2QUKEKÉPFGNCX±NXWNCFGUCNKFCFGCKTGEQORTKOKFQ
%KGTTGNCX±NXWNC
%QPGEVGNCTGFFGCKTGCNCX±NXWNC
5GRWGFGECNEWNCTNCECÃFCFGRTGUKÉPGPGNVWDQFGKORWNUKÉPCRCTVKTFGNCHÉTOWNCUKIWKGPVG
FR
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FZ2
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O±ZKOQTGEQOGPFCFQDCTRUK
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Ő FFK±OGVTQKPVGTKQTFGNVWDQFGKORWNUKÉPGPOO
Ő 2RTGUKÉPCDUQNWVCGPNCUCNKFCFGNEQORTGUQTGPDCT
C
Ő 3EUWOKPKUVTQFGCKTGNKDTGFGNEQORTGUQTGPNU
8GPVKNCEKÉPNCURCTTKNNCUFGCURKTCEKÉP[GNXGPVKNCFQTFGDGPKPUVCNCTUGFGVCNHQTOCSWGUG
GXKVGNCTGEKTEWNCEKÉPFGNCKTGFGTGHTKIGTCEKÉPCNEQORTGUQTQUGECFQT
.CXGNQEKFCFFGNCKTGCNCURCTTKNNCUFGDGNKOKVCTUGCOU
RWNIU
.CECRCEKFCFFGXGPVKNCEKÉPPGEGUCTKCRCTCNKOKVCTNCVGORGTCVWTCFGNCUCNCFGEQORTGUQTGU
RWGFGECNEWNCTUGCRCTVKTFGNCHÉTOWNCUKIWKGPVG
3X0F6
Ő 3XECRCEKFCFFGXGPVKNCEKÉPTGSWGTKFCGPOU
Ő 0RQVGPEKCOQVQTCPQOKPCNFGNEQORTGUQTGPM9
Ő F6CWOGPVQFGVGORGTCVWTCGPNCUCNCFGNEQORTGUQT
2QUKEKÉPFGGPVTCFCFGNECDNGFGTGFGN¾EVTKEC
.QUVWDQUFGFTGPCLGCNEQNGEVQTPQRWGFGPGPVTCTGPEQPVCEVQEQPGNCIWCFGNEQNGEVQT
/CPWCNFGKPUVTWEEKQPGU
&KDWLQUFGFKOGPUKQPGU
&KDWLQUFGFKOGPUKQPGU):[):
):[):/QPVCFQGPFGRÉUKVQ
N2CEM
/CPWCNFGKPUVTWEEKQPGU
):[):/QPVCFQGPFGRÉUKVQ
NQREKQPCN2CEM
/CPWCNFGKPUVTWEEKQPGU
):[):/QPVCFQGPFGRÉUKVQ
N(WNN(GCVWTG
/CPWCNFGKPUVTWEEKQPGU
):[):/QPVCFQGPFGRÉUKVQ
NQREKQPCN(WNN(GCVWTG
/CPWCNFGKPUVTWEEKQPGU
):[):/QPVCFQGPGNUWGNQ2CEM
/CPWCNFGKPUVTWEEKQPGU
):[):/QPVCFQGPGNUWGNQ(WNN(GCVWTG
4GH
&GUKIPCEKÉP
'PVTCFCFGCKTGFGTGHTKIGTCEKÉPFGTGHTKIGTCFQTGUOQVQT
5CNKFCFGCKTGFGTGHTKIGTCEKÉPFGTGHTKIGTCFQTGUOQVQT
'PVTCFCFGCKTGFGNEQORTGUQT
'PVTCFCFGECDNGGN¾EVTKEQ
/CPWCNFGKPUVTWEEKQPGU
4GH
&GUKIPCEKÉP
5CNKFCFGCKTGEQORTKOKFQ
5CNKFCFGCKTGFGTGHTKIGTCEKÉPFGNUGECFQT
'PVTCFCFGCKTGFGTGHTKIGTCEKÉPFGNUGECFQT
2WPVQFGFTGPCLGCWVQO±VKEQ
2WPVQFGFTGPCLGOCPWCN
6COCÇQFGECDNGUGN¾EVTKEQU
#VGPEKÉP
.CUPQTOCVKXCUNQECNGUUKIWGPGPXKIQTUKUQPO±UGUVTKEVCUSWGNQUXCNQTGU
RTQRWGUVQUCEQPVKPWCEKÉP
.CECÃFCFGXQNVCLGPQFGDGGZEGFGTWPFGNXQNVCLGPQOKPCN'URQUKDNGSWGUGC
RTGEKUQWVKNK\CTECDNGUFGVCOCÇQOC[QTSWGNQUGURGEKHKECFQUCHKPFGEWORNKTEQP
FKEJCGZKIGPEKC
(TGEWGPEKC
*\
8QNVCLG
8
+'%
):
6COCÇQFGECDNGU
6COCÇQFGECDNGU
OO
OO
#9)
#9)
%5#7.
):
/CPWCNFGKPUVTWEEKQPGU
%QPGZKQPGUGN¾EVTKECU
%QPGZKÉPGN¾EVTKEC):[):
2CUQ
#EEKÉP
+PUVCNGWPKPVGTTWRVQTUGRCTCFQTEGTECFGNEQORTGUQT
2CTCWPEWDÃEWNQFG88X¾CUGO±UCFGNCPVG
%QORTWGDGNQUHWUKDNGU[GNCLWUVGFGNTGN¾FGUQDTGECTIC
(8¾CUG#LWUVGUFG
TGN¾FGUQDTGECTIC[HWUKDNGU
%QORTWGDGSWGGNTGN¾FGUQDTGECTICGUV±CLWUVCFQRCTCTGCTOGCWVQO±VKEQ
5KGUV±POQPVCFQUEQORTWGDGSWGNQUVTCPUHQTOCFQTGUGUV±PEQPGEVCFQU
EQTTGEVCOGPVG
%QORTWGDGNQUCLWUVGUFGNTGN¾FGCEEKÉPTGVCTFCFC
-VKGORQ;
UGIWPFQU[
VKGORQGPXCEÃQ
UGIWPFQU
%QPGEVGNQUECDNGUFGUWOKPKUVTQFGGPGTIÃCCNQUDQTPGU..[.
:[GN
EQPFWEVQTPGWVTQ
UKGUV±RTQXKUVQCNDQTPG
0%QPGEVGGNEQPFWEVQTFGVKGTTCCN
RGTPQFGVKGTTC
/CPWCNFGKPUVTWEEKQPGU
2CTC):[):EQPEWDÃEWNQFG888
8WGNXCCEQPGEVCTNCUEQPGZKQPGUFGNOQVQTRCTCGNXQNVCLGCRNKECDNG
%WDÃEWNQFG888
'NEQORTGUQTUCNGFGH±DTKECEQPEQPGZKQPGURCTC8*\
UGOWGUVTCGPGNNCFQK\SWKGTFQ
%WCPFQUGWVKNKEGGNEQORTGUQTGP8*\
UGOWGUVTCGPGNNCFQFGTGEJQGZVTCKICNQUECDNGU
FGNOQVQTGPVTGGNTGN¾FGUQDTGECTIC
([GNDNQSWGFGDQTPGU
:%QPGEVGNQUUGKUECDNGU
UWOKPKUVTCFQUUWGNVQUGPWPCDQNUCFGRN±UVKEQGPGNEWDÃEWNQGN¾EVTKEQGPVTGGNDNQSWGFGDQTPGU
:
[GNTGN¾FGUQDTGECTICFGNOQVQT
(VCNEQOQUGOWGUVTCGPGNNCFQFGTGEJQ&GUEQPGEVGNQUECDNGU
GPVTGGNOQVQT[GNDNQSWGFGDQTPGU
:FGNQUDQTPGU:[XWGNXCCEQPGEVCTNQUGPNQUDQTPGU:
VCNEQOQUGOWGUVTC
#LWUVGGNXCNQTFGNTGN¾FGUQDTGECTICFGNOQVQT
(%QPUWNVG6COCÇQFGECDNGUGN¾EVTKEQU[#LWUVGU
FGTGN¾FGUQDTGECTIC[HWUKDNGU
/QFKHKSWGNCEQPGZKÉPFGNXQNVCLGRTKPEKRCNFGNVTCPUHQTOCFQT
6GPGNEWDÃEWNQ.CKPHQTOCEKÉPUQDTGNC
EQPGZKÉPEQTTGEVCUGOGPEKQPCGPGNVTCPUHQTOCFQT
5KGNEQORTGUQTGU(WNN(GCVWTGEQPUGECFQTFGTGHTKIGTCPVGKPEQTRQTCFQVCODK¾PGUPGEGUCTKQXQNXGTC
EQPGEVCTGNVTCPUHQTOCFQTFGNUGECFQT
6.CKPHQTOCEKÉPUQDTGNCEQPGZKÉPEQTTGEVCUGOGPEKQPCGPGN
VTCPUHQTOCFQT
/CPWCNFGKPUVTWEEKQPGU
&KCITCOCUGN¾EVTKEQU
&KCITCOCGN¾EVTKEQ):[):+'%
/CPWCNFGKPUVTWEEKQPGU
&KCITCOCGN¾EVTKEQ):[):%5#7.
%QORQPGPVGUGN¾EVTKEQU[NG[GPFC
4GH
&GUKIPCEKÉP
#
5GECFQT
(
(WUKDNGU
(
4GN¾FGUQDTGECTICOQVQTFGNEQORTGUQT
*
.±ORCTCHWPEKQPCOKGPVQCWVQO±VKEQ
-
4GN¾CWZKNKCT
-
4GN¾CWZKNKCT
-
%QPVCEVQTFGNÃPGC
-
%QPVCEVQTFGGUVTGNNC
-
%QPVCEVQTFGVTK±PIWNQ
/CPWCNFGKPUVTWEEKQPGU
4GH
&GUKIPCEKÉP
-
4GN¾FGCEEKÉPTGVCTFCFC
/
/QVQTFGCEEKQPCOKGPVQ
2
%WGPVCJQTCU
254
2TGUQUVCVQ
5
+PVGTTWRVQTFGCTTCPSWGRCTCFC
5
$QVÉPFGRCTCFCFGGOGTIGPEKC
6
6TCPUHQTOCFQTGU
65**
6GTOQUVCVQFGRCTCFCFGCNCTOC
;
8±NXWNCFGUQNGPQKFGFGECTIC
:
4GINGVCUFGDQTPGU
+PUVCNCEKÉPFGNENKGPVG
6QFQUNQUXQNVCLGU
[*\EQPGZEGREKÉPFG8*\
2CTCEQORTGUQTGU%5#7.VQFQUNQUXQNVCLGUEQPGZEGREKÉPFG8
8*\
8*\
5WOKPKUVTQFGUGECFQT
2CPGNFGEQPVTQNKPFWUVTKCNEGTVKHKECFQRQT%5#[NKUVCFQRQT7.EQOQCRCTGEG
TGRTGUGPVCFQFGPVTQFGNCUNÃPGCUFGRWPVQU
5GECFQT
2KEVQITCOCU
2KEVQITCOCU
/CPWCNFGKPUVTWEEKQPGU
4GH
&GUETKREKÉP
2TGUKÉPFGVTCDCLQ
%WGPVCJQTCU
6GORGTCVWTCFGNRWPVQFGTQEÃQ
#TTCPSWG
2CTCFC
#XKUQXQNVCLG
#EGKVCTNKIGTCOGPVGNCLWPVCFGNHKNVTQFGCEGKVGCVQTPKNNCT¾UVG[CRTGVCTCOCPQ
#XKUQFGUEQPGEVCTGNXQNVCLG[FGURTGUWTK\CTGNEQORTGUQTCPVGUFGTGCNK\CTVCTGCU
FGOCPVGPKOKGPVQ
#XKUQRKG\CUECNKGPVGU
$NQSWGCTVQFCUNCUEQORWGTVCUFGNCECTTQEGTÃC[RWNUCTGNDQVÉPFGCTTCPSWG
Ő 5KUGVKTCFGNCJQLCJCEKCCDCLQRCTCTGNEQORTGUQTKPOGFKCVCOGPVG[
FGUEQPGEVCTGNXQNVCLG
Ő +PXKGTVCNCUFQUNÃPGCUGN¾EVTKECUFGGPVTCFC4GRKVCGNRCUQCPVGTKQT
Ő 5KNCJQLCUCNVCNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTGUEQTTGEVC
2WPVQFGFTGPCLGOCPWCNFGEQPFGPUCFQ
2WPVQFGFTGPCLGCWVQO±VKEQFGEQPFGPUCFQ
/CPWCNFGKPUVTWEEKQPGU
+PUVTWEEKQPGUFGHWPEKQPCOKGPVQ
#TTCPSWGKPKEKCN
5GIWTKFCF
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
&GURNC\COKGPVQ
2CTCOQXGTWPOQFGNQUQDTGFGRÉUKVQEQPUGIWTKFCFEQPUWNVG+PUVCNCEKÉP
2TGRCTCEKÉPIGPGTCN
8±NXWNCFGUCNKFCFGCKTG
2WPVQUFGFTGPCLGFGEQPFGPUCFQ):C):
/CPWCNFGKPUVTWEEKQPGU
8±NXWNCFGFTGPCLGFGEQPFGPUCFQ):[):
2CUQ
#EEKÉP
%QPUWNVGNCUKPUVTWEEKQPGUFGKPUVCNCEKÉP
X¾CUG+PUVCNCEKÉP
%QORTWGDGSWGNCUEQPGZKQPGUGN¾EVTKECUEWORNGPEQPNQGUVCDNGEKFQGPNCUPQTOCU
FGUWRCÃU.CKPUVCNCEKÉPFGDGTGCNK\CTUGCVKGTTC[RTQVGIGTUGFGEQTVQEKTEWKVQURQT
OGFKQFGHWUKDNGUGPVQFCUNCUHCUGU&GDGKPUVCNCTUGWPKPVGTTWRVQTUGRCTCFQTEGTEC
FGNEQORTGUQT
+PUVCNGNCX±NXWNCFGUCNKFC
EK¾TTGNC[EQPGEVGNCTGFFGCKTGCFKEJCX±NXWNC
%QPGEVGNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O[NCUCNKFCFGFTGPCLGCWVQO±VKEQ
&CCWPEQNGEVQTFGFTGPCLG%KGTTGNCX±NXWNC
%QPGEVGNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
FGNFGRÉUKVQFGCKTGCWPEQNGEVQT
FGFTGPCLG%KGTTGNCX±NXWNC
(KLCFQTGUFGVTCPURQTVG
(KLCFQTGUFGVTCPURQTVG):[):
'ZVTCKICGNRCPGNVTCUGTQFGUVQTPKNNCPFQNQURGTPQUFGNRCPGNNCVGTCN[NGXCPVCPFQNCRCTVGUWRGTKQT
&GUVQTPKNNGNQURGTPQU
[GZVTCKICNQUHKLCFQTGUFGVTCPURQTVG
4GGORNCEGGNRCPGNVTCUGTQ[CVQTPKNNGNQURGTPQU
/CPWCNFGKPUVTWEEKQPGU
5KUVGOCFGCEGKVG
/KTKNNCFGPKXGNFGCEGKVG):[):
2CUQ
#EEKÉP
%QORTWGDGGNPKXGNFGCEGKVG
.COKTKNNCFGNPKXGNFGCEGKVG
5)FGDGGPEQPVTCTUGGPVTG[NNGPCFC
#TTCPSWG
'VKSWGVCGPGNRCPGNNCVGTCN
'VKSWGVCGPNCRCTVGUWRGTKQT
/CPWCNFGKPUVTWEEKQPGU
2CUQ
#EEKÉP
(KLGNCJQLC
SWGGZRNKECGNRTQEGFKOKGPVQFGEQORTQDCEKÉPFGNCFKTGEEKÉPFG
TQVCEKÉPFGNOQVQTCNCUCNKFCFGCKTGFGTGHTKIGTCEKÉPFGNEQORTGUQT
%QPUWNVGNQU
&KDWLQUFGFKOGPUKQPGU
%QPGEVGGNXQNVCLG#TTCPSWGGNEQORTGUQT[R±TGNQCNKPUVCPVG
%QORTWGDGNCFKTGEEKÉPFGTQVCEKÉPFGNOQVQTWUCPFQNCJQLC
5KNCFKTGEEKÉPFG
TQVCEKÉPFGNOQVQTGUEQTTGEVCNCGVKSWGVCFGNCRCTTKNNCFGNCRCTVGUWRGTKQTUCNVCT±
5KNCJQLCRGTOCPGEGGPUWRQUKEKÉPNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVC
%QPUWNVG2KEVQITCOCU
5KNCFKTGEEKÉPFGTQVCEKÉPGUKPEQTTGEVCFGUEQPGEVGGNXQNVCLGCDTCGNKPVGTTWRVQT
UGRCTCFQTGKPXKGTVCFQUNÃPGCUGN¾EVTKECUFGGPVTCFC
2QPICGNEQORTGUQTGPOCTEJCFWTCPVGCNIWPQUOKPWVQU%QORTWGDGSWGGN
EQORTGUQTHWPEKQPCPQTOCNOGPVG
#TTCPSWG
8±NXWNCFGUCNKFCFGCKTG
8±NXWNCFGFTGPCLGFGEQPFGPUCFQ):[):
/CPWCNFGKPUVTWEEKQPGU
2WPVQUFGFTGPCLGFGEQPFGPUCFQ):C):
/CPÉOGVTQ
6GORGTCVWTCFGRWPVQFGTQEÃQ):C):
+PVGTTWRVQTFGCTTCPSWGRCTCFC):C):
/CPWCNFGKPUVTWEEKQPGU
):[):
2CUQ
#EEKÉP
6TGUOKPWVQUFGURW¾UFGRCTCTNCOKTKNNCFGNPKXGNFGCEGKVG
5)FGDGGPEQPVTCTUG
GPVTG[NNGPCFC
%QPGEVGGNXQNVCLG
#DTCNCX±NXWNCFGUCNKFCFGCKTG
&GURNCEGGNKPVGTTWRVQTFGCTTCPSWGRCTCFC
CNCRQUKEKÉP+'NKPVGTTWRVQTTGVQTPCT±
CWVQO±VKECOGPVG'NEQORTGUQTUGRQPGGPOCTEJC[UGGPEKGPFGNCN±ORCTCFG
HWPEKQPCOKGPVQCWVQO±VKEQ
'PEQORTGUQTGUEQPCTTCPECFQTGUVTGNNCVTK±PIWNQGN
OQVQTFGCEEKQPCOKGPVQEQPOWVCFGGUVTGNNCCVTK±PIWNQFKG\UGIWPFQUFGURW¾UFG
CTTCPECT
'NPÐOGTQO±ZKOQFGCTTCPSWGUFGNOQVQTFGDGNKOKVCTUGCRQTJQTC
5GTGEQOKGPFCOW[GPECTGEKFCOGPVGJCEGTHWPEKQPCTGNEQORTGUQTEQPWPHCEVQTFG
ECTICFGO±UFGWPCHKPFGGXKVCTNCHQTOCEKÉPFGEQPFGPUCFQGPGNCEGKVG
%QORTWGDGGNPKXGNFGCEGKVGCKPVGTXCNQUTGIWNCTGU6TGUOKPWVQUFGURW¾UFGRCTCT
NCOKTKNNC
5)FGDGGPEQPVTCTUGGPVTG[NNGPCFC'PECUQPGEGUCTKQOWGXCGN
KPVGTTWRVQTFGCTTCPSWGRCTCFC
CGURGTGJCUVCSWGUGRCTGGNEQORTGUQT
FGURTGUWTKEGGNUKUVGOCFGCEGKVGFGUGPTQUECPFQGNVCRÉPFGNNGPCFQFGCEGKVG
(%
WPCUQNCXWGNVC[GURGTGCNIWPQUOKPWVQU3WKVGGNVCRÉP[CÇCFCCEGKVGJCUVCSWGGN
PKXGNFGNCOKTKNNCUGJCNNGC+PUVCNG[CRTKGVGGNVCRÉP
(%
5KGUV±GPEGPFKFCNCN±ORCTCFGHWPEKQPCOKGPVQCWVQO±VKEQ
GNTGIWNCFQTOCPFC
GNEQORTGUQTCWVQO±VKECOGPVGGUFGEKTECTICTFGUECTICTRCTCTNQUOQVQTGU[
XQNXGTCCTTCPECT
%QORTWGDGTGIWNCTOGPVGNCRTGUKÉPFGVTCDCLQ
)RC[GNKPFKECFQTFGRWPVQFGTQEÃQ
)FR
%QORTWGDGSWGGNEQPFGPUCFQUGFTGPC
&CTGIWNCTOGPVGFWTCPVGGN
HWPEKQPCOKGPVQ
/CPWCNFGKPUVTWEEKQPGU
2CTCFC
8±NXWNCFGUCNKFCFGCKTG
8±NXWNCFGFTGPCLGFGEQPFGPUCFQ):[):
2WPVQUFGFTGPCLGFGEQPFGPUCFQ):C):
/CPWCNFGKPUVTWEEKQPGU
+PVGTTWRVQTFGCTTCPSWGRCTCFC):C):
2CUQ
#EEKÉP
&GURNCEGGNKPVGTTWRVQTFGCTTCPSWGRCTCFC
CNCRQUKEKÉP
'NEQORTGUQTUGEQPOWVCCOCTEJCGPFGUECTICFWTCPVGUGIWPFQU[FGURW¾U
UGRCTC
.CN±ORCTC
UGCRCIC
2CTCRCTCTGNEQORTGUQTCNKPUVCPVGGPECUQFGGOGTIGPEKCRWNUGGNDQVÉP
5
FGDGGXKVCTUGGPNQRQUKDNG%QPUWNVGNCUGEEKÉP2CPGNFGEQPVTQN.CN±ORCTC
UG
CRCIC&GURW¾UFGTGOGFKCTGNHCNNQUWGNVGGNDQVÉPVKTCPFQFGNOKUOQ
7VKNKEGGNDQVÉPFGRCTCFCFGGOGTIGPEKCÐPKECOGPVGGPECUQFGGOGTIGPEKC
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG
[FGUEQPGEVGGNXQNVCLGFGNEQORTGUQT
#DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&OFWTCPVGCNIWPQUUGIWPFQUEQP
QDLGVQFGRWTICTGNEQPFGPUCFQGXGPVWCN[FGURW¾UEKGTTGNCX±NXWNC
#DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
FGNFGRÉUKVQFGCKTGFWTCPVGWPQU
UGIWPFQURCTCXCEKCTGNRQUKDNGEQPFGPUCFQ[CEQPVKPWCEKÉPEKGTTGNCX±NXWNC
'NUGECFQTFGCKTG[GNFGRÉUKVQFGCKTGRGTOCPGEGPDCLQRTGUKÉP
'NHKNVTQ2&:
UKGUV±KPUVCNCFQRGTOCPGEGDCLQRTGUKÉP
5KUGTGSWKGTGPVTCDCLQUFGOCPVGPKOKGPVQQTGRCTCEKÉPEQPUWNVGNCUGEEKÉP5QNWEKÉP
FGRTQDNGOCURCTCEQPQEGTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFTGNGXCPVGU
/CPWCNFGKPUVTWEEKQPGU
2WGUVCHWGTCFGUGTXKEKQ
8±NXWNCFGUCNKFCFGCKTG
8±NXWNCFGFTGPCLGFGEQPFGPUCFQ):[):
2WPVQUFGFTGPCLGFGEQPFGPUCFQ):C):
6CRÉPFGNNGPCFQ):[):
/CPWCNFGKPUVTWEEKQPGU
'UVGRTQEGFKOKGPVQFGDGTGCNK\CTUGCNHKPCNFGNCXKFCFGUGTXKEKQFGNEQORTGUQT
2CUQ
#EEKÉP
2CTGGNEQORTGUQT[EKGTTGNCX±NXWNCFGUCNKFCFGCKTG
&GUEQPGEVGGNXQNVCLG[UGRCTGGNEQORTGUQTFGNCTGFOCVTK\
&GURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉP
WPCXWGNVC
#DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&O
#DTCNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
%KGTTG[FGURTGUWTKEGNCRCTVGFGNCTGFFGCKTGEQPGEVCFCCNCX±NXWNCFGUCNKFC
&GUEQPGEVGNCX±NXWNCFGUCNKFCFGCKTGFGNEQORTGUQTFGNCTGFFGCKTG
8CEÃGNQUEKTEWKVQUFGCEGKVG[EQPFGPUCFQ
&GUEQPGEVGGNVWDQ[NCX±NXWNCFGUCNKFCFGEQPFGPUCFQFGNEQORTGUQTFGNCTGFFG
FTGPCLG
/CPWCNFGKPUVTWEEKQPGU
/CPVGPKOKGPVQ
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
#XKUQ
#PVGUFGTGCNK\CTEWCNSWKGTVTCDCLQFGOCPVGPKOKGPVQTGRCTCEKÉPQCLWUVGRTQEGFC
FGNCUKIWKGPVGOCPGTC
Ő 2CTGGNEQORTGUQT
Ő &GUEQPGEVGGNXQNVCLG[CDTCGNKPVGTTWRVQTUGRCTCFQT
Ő %KGTTGNCX±NXWNCFGUCNKFCFGCKTG[CDTCNCUX±NXWNCUFGFTGPCLGOCPWCNFG
EQPFGPUCFQ
Ő &GURTGUWTKEGGNEQORTGUQT
2CTCQDVGPGTKPUVTWEEKQPGUFGVCNNCFCUEQPUWNVG5QNWEKÉPFGRTQDNGOCU
'NQRGTCFQTFGDGQDUGTXCTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
)CTCPVÃC4GURQPUCDKNKFCFFGN2TQFWEVQ
7VKNKEGÐPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCÇQQCXGTÃCTGUWNVCPVGFGNWUQFGRKG\CUPQ
CWVQTK\CFCUPQGUV±EWDKGTVQRQTNC)CTCPVÃCPKRQTNC4GURQPUCDKNKFCFFGNRTQFWEVQ
)GPGTCNKFCFGU
#NTGXKUCTECODKGVQFCUNCULWPVCULWPVCUVÉTKECU[CTCPFGNCUFGUOQPVCFCU
+PVGTXCNQU
4GCNKEGGNOCPVGPKOKGPVQCNKPVGTXCNQSWGUGEWORNCCPVGU'N%GPVTQFG5GTXKEKQC%NKGPVGUFG#VNCU
%QREQNQECNRWGFGQDXKCTGNRTQITCOCFGOCPVGPKOKGPVQGURGEKCNOGPVGGPNQSWGUGTGHKGTGCNQU
KPVGTXCNQUFGUGTXKEKQGPHWPEKÉPFGNCUEQPFKEKQPGUCODKGPVCNGU[FGVTCDCLQFGNEQORTGUQT
.CUEQORTQDCEKQPGUFGNQUKPVGTXCNQUNCTIQUFGDGPVCODK¾PKPENWKTNCUFGNQUKPVGTXCNQUEQTVQU
2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQRCTC):[):
2GTÃQFQ
*QTCUFG
HWPEKQPCOKGPVQ
1RGTCEKÉP
&KCTKQ
%QORTWGDGGNPKXGNFGNCEGKVGCPVGUFGCTTCPECTRWTIWGGN
EQPFGPUCFQFGURW¾UFGRCTCT
%CFCOGUGU
%QORTWGDGUKJC[HWICU
+PURGEEKQPGGNTGHTKIGTCFQTFGCEGKVGNÃORKGNQUKGUPGEGUCTKQ
+PURGEEKQPGGNTGHTKIGTCFQTFGCKTGNÃORKGNQUKGUPGEGUCTKQ
+PURGEEKQPGGNHKNVTQFGCKTG
+PURGEEKQPGGNEQNGEVQTFGEQPFGPUCFQNKORKGNCX±NXWNCFG
HNQVCFQTUKGURTGEKUQ
2CTCEQORTGUQTGUEQPHKNVTQ2&:EQORTWGDGGNKPFKECFQTFG
UGTXKEKQTGGORNCEGGNHKNVTQUKGUPGEGUCTKQ
%QORTWGDGNCVGPUKÉP[GNGUVCFQFGNCUEQTTGCU#LWUVGUKGU
RTGEKUQ
/CPWCNFGKPUVTWEEKQPGU
2GTÃQFQ
*QTCUFG
HWPEKQPCOKGPVQ
1RGTCEKÉP
#PWCNOGPVG
*CICSWGUGRTWGDGNCX±NXWNCFGUGIWTKFCF
*CICEQORTQDCTGNHWPEKQPCOKGPVQFGNQUUGPUQTGU
GPENCXCOKGPVQU[EQORQPGPVGUGN¾EVTKEQU
*CICRTQDCTGNVGTOQUVCVQFGRCTCFCFGCNCTOC
4GGORNCEGGNHKNVTQFGCKTG
4GGORNCEGGNHKNVTQFGCEGKVG
4GGORNCEGGNUGRCTCFQTFGCEGKVG
2CTCEQORTGUQTGUEQPHKNVTQ2&:TGGORNCEGGNHKNVTQ
5KUGWVKNK\C4QVQ+PLGEV(NWKFFG#VNCU%QREQECODKGGNCEGKVG
5KUGWVKNK\C4QVQ:VGPF&WV[(NWKFFG#VNCU%QREQ
XGTUKQPGU
*\%5#7.ECODKGGNCEGKVG
.KORKGGNEQORTGUQT
/QVQTFGCEEKQPCOKGPVQ
&GUETKREKÉP
.QUEQLKPGVGUFGNOQVQTGUV±PNWDTKECFQUFGRQTXKFC
'URGEKHKECEKQPGUFGNCEGKVG
0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
5GTGEQOKGPFCOW[GPECTGEKFCOGPVGSWGUGWUGHNWKFQ#VNCU%QREQ
X¾CUGGN2TQITCOCFG
OCPVGPKOKGPVQRTGXGPVKXQ
#VNCU%QREQ4QVQ+PLGEV(NWKF
'UWPCEGKVGGURGEKCNRCTCEQORTGUQTGUUETQNN[FGVQTPKNNQSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVG
GUVCFQ4QVQ+PLGEV(NWKFUGRWGFGWVKNK\CTRCTCEQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFG
GPVTGu%
u([u%
u(
X¾CUG,WGIQUFGUGTXKEKQ
#VNCU%QREQ4QVQ:VGPF&WV[(NWKF
#VNCU%QREQ4QVQ:VGPF&WV[(NWKFGUWPNWDTKECPVGUKPV¾VKEQFGCNVCECNKFCFRCTCEQORTGUQTGUFGGURKTCN
[VQTPKNNQEQPKP[GEEKÉPFGCEGKVGSWGOCPVKGPGGNEQORTGUQTGPGZEGNGPVGGUVCFQ4QVQ:VGPF&WV[(NWKF
RWGFGWVKNK\CTUGRCTCEQORTGUQTGUSWGHWPEKQPGPCVGORGTCVWTCUCODKGPVGFGGPVTGu%
u([
u%
u(
X¾CUG,WGIQUFGUGTXKEKQ
/CPWCNFGKPUVTWEEKQPGU
%CODKQFGCEGKVGHKNVTQ[UGRCTCFQT
+ORQTVCPVG
0QOG\ENGPWPECCEGKVGUFGOCTECUQVKRQUFKHGTGPVGU
5KGNEQORTGUQTGUV±UWLGVQCCIGPVGUEQPVCOKPCPVGUGZVGTPQUUKUGWVKNK\CC
VGORGTCVWTCUCNVCU
VGORGTCVWTCFGCEGKVGUWRGTKQTCu%u(QGPEQPFKEKQPGU
GZVTGOCUUGTGEQOKGPFCECODKCTGNCEGKVGEQPO±UHTGEWGPEKC%QPUWNVGC#VNCU
%QREQ
7DKECEKÉPFGNHKNVTQFGCEGKVG[UGRCTCFQT
2CUQ
#EEKÉP
*CICHWPEKQPCTGNEQORTGUQTJCUVCSWGGUV¾ECNKGPVG2CTGGNEQORTGUQTEKGTTGNC
X±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
&GURTGUWTKEGGNEQORTGUQTFGUGPTQUECPFQGNVCRÉPFGNNGPCFQ
WPCUQNCXWGNVC
RCTCRGTOKVKTSWGUGGUECRGNCRTGUKÉPGXGPVWCNFGNUKUVGOC
&GURTGUWTKEGGNFGRÉUKVQFGCKTGCDTKGPFQNCX±NXWNCFGFTGPCLG
'ZVTCKICGNVCRÉP
[UCSWGGNCEGKVGCDTKGPFQNCX±NXWNCFGFTGPCLG
%KGTTGNC
X±NXWNC[XWGNXCCKPUVCNCTGNVCRÉPFGURW¾UFGNFTGPCLG'PVTGIWGGNCEGKVGCN
UGTXKEKQNQECNFGTGEQIKFCFGCEGKVG
3WKVGGNHKNVTQ
[UGRCTCFQT
FGCEGKVG.KORKGNQUCUKGPVQUGPGNFKUVTKDWKFQT
#EGKVGNCULWPVCUFGNPWGXQHKNVTQ[UGRCTCFQT[CVQTPÃNNGNQUGPNCRQUKEKÉPEQTTGEVC
#RTKGVGHKTOGOGPVGCOCPQ
.NGPGGNUGRCTCFQTFGCEGKVGFGRÉUKVQ
EQPCEGKVGJCUVCSWGGNPKXGNNNGIWGCN
OGFKQFGNCOKTKNNC
%QORTWGDGSWGPQGPVTCUWEKGFCFGPGNUKUVGOC
8WGNXCCOQPVCT[CRTKGVGGNVCRÉPFGNNGPCFQ
/CPWCNFGKPUVTWEEKQPGU
2CUQ
#EEKÉP
%KGTTGNCX±NXWNCFGFTGPCLG
FGNFGRÉUKVQFGCKTG
*CICOCTEJCTGNEQORTGUQTFWTCPVGCNIWPQUOKPWVQU
2CTGGNEQORTGUQT[GURGTGWPQUOKPWVQUCHKPFGRGTOKVKTSWGUGCUKGPVGGNCEGKVG
&GURTGUWTKEGGNUKUVGOCFGUGPTQUECPFQGNVCRÉPFGNNGPCFQ
WPCUQNCXWGNVCRCTC
RGTOKVKTSWGUGGUECRGNCRTGUKÉPGXGPVWCNFGNUKUVGOC&GURTGUWTKEGGNFGRÉUKVQFG
CKTGCDTKGPFQNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
.NGPGGNUGRCTCFQTFGRÉUKVQEQPCEGKVGJCUVCSWGNCOKTKNNCUGGPEWGPVTGNNGPCFCRQT
#RTKGVGGNVCRÉP
[EKGTTGNCX±NXWNCFGFTGPCLG
FGNFGRÉUKVQFGCKTG
%CODKQFGHKNVTQ2&:
6CRÉPFGNNGPCFQFGCEGKVG
):[):
8±NXWNCFGFTGPCLGFGRÉUKVQFGCKTG
):[):
/CPWCNFGKPUVTWEEKQPGU
2CUQ
#EEKÉP
2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTGFGUEQPGEVGGNXQNVCLG[
FGURTGUWTKEGFGUGPTQUECPFQGNVCRÉPFGNNGPCFQ
WPCUQNCXWGNVCRCTCRGTOKVKTSWG
UGGUECRGNCRTGUKÉPGXGPVWCNFGNUKUVGOC
&GURTGUWTKEGGNFGRÉUKVQFGCKTGCDTKGPFQNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
&GUGPTQUSWGGNTGEKRKGPVG5KGNTGEKRKGPVGPQGUV±EQORNGVCOGPVGFGURTGUWTK\CFQ
UQPCT±WPUKNDKFQ'PVCNECUQJC[SWGGPTQUECTGNTGEKRKGPVGFGPWGXQ[TGRGVKTNC
XGPVKNCEKÉP
&GUGEJGGNGNGOGPVQHKNVTCPVG
.KORKGGNTGEKRKGPVG[TGGORNCEGNCLWPVCVÉTKEC
+PUVCNGGNPWGXQGNGOGPVQHKNVTCPVG
8WGNXCCOQPVCTGNTGEKRKGPVG
#RTKGVGGNVCRÉPFGNNGPCFQFGCEGKVG
%KGTTGNCX±NXWNCFGFTGPCLGFGEQPFGPUCFQ
#NOCEGPCOKGPVQFGURW¾UFGNCKPUVCNCEKÉP
5KUGCNOCEGPCGNEQORTGUQTUKPSWGUGRQPICGPOCTEJCFGXG\GPEWCPFQEQPUWNVGC#VNCU%QREQRCTC
VQOCTOGFKFCUFGRTQVGEEKÉP
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
,WGIQUFGUGTXKEKQ
UGTXKEGMKVU
5GGPEWGPVTCPFKURQPKDNGULWGIQUFGUGTXKEKQ
UGTXKEGMKVUSWGQHTGEGPNCUXGPVCLCUFGNCURKG\CU
QTKIKPCNGUFG#VNCU%QREQ[CNOKUOQVKGORQOCPVKGPGPDCLQUWRTGUWRWGUVQFGOCPVGPKOKGPVQ.QU
LWGIQUEQPVKGPGPVQFCUNCURKG\CUPGEGUCTKCURCTCGNUGTXKEKQ
,WGIQUFGUGTXKEKQ
UGTXKEG
MKVU
%QPVGPKFQ
'SWKRQFGHKNVTQ
(KNVTQFGCKTGHKNVTQFGCEGKVG[UGRCTCFQT FGCEGKVG
'SWKRQFGHKNVTQFGCKTG
%CTVWEJQHKNVTCPVG
'SWKRQFGHKNVTQFGCEGKVG
%CTVWEJQHKNVTCPVG
'SWKRQFGUGRCTCFQTFG
CEGKVG
%CTVWEJQHKNVTCPVG
'SWKRQ2&:
%CTVWEJQHKNVTCPVG
'SWKRQFGHNQVCFQT
&KURQUKVKXQFGFTGPCLG
EQORNGVQ
,WPVCUVÉTKECURCTCUGRCTCFQTFGCIWC
'SWKRQ/28
&KUEQFGX±NXWNCTGUQTVGULWPVCU[
DCT[RUK X±NXWNCFGRTGUKÉPOÃPKOC
0ÐOGTQFGRGFKFQ
/CPWCNFGKPUVTWEEKQPGU
,WGIQUFGUGTXKEKQ
UGTXKEG
MKVU
%QPVGPKFQ
0ÐOGTQFGRGFKFQ
'SWKRQ/28
DCTRUK
&KUEQFGX±NXWNCTGUQTVGULWPVCU[
X±NXWNCFGRTGUKÉPOÃPKOC
4QVQ+PLGEV(NWKF
.CVCFGNKVTQU
75ICN+OR
ICNEWHV
4QVQ+PLGEV(NWKF
.CVCFGNKVTQU
75ICN+OR ICNEWHV
4QVQ+PLGEV(NWKF
.CVCFGNKVTQU
75ICN +ORICNEWHV
4QVQ:VGPF&WV[(NWKF
.CVCFGNKVTQU
75ICN+OR
ICNEWHV
4QVQ:VGPF&WV[(NWKF
.CVCFGNKVTQU
75ICN+OR ICNEWHV
4QVQ:VGPF&WV[(NWKF
.CVCFGNKVTQU
75ICN +ORICNEWHV
,WGIQUFGEQTTGCU
,WGIQUFGEQTTGCU
%QPVGPKFQ
0ÐOGTQFGRGFKFQ
):DCT
EQTTGCU
):DCT
EQTTGCU
):DCT
EQTTGCU
):DCT
EQTTGCU
):DCT
EQTTGCU
):DCT
EQTTGCU
):RUKRUK
EQTTGCU
):RUKRUK
EQTTGCU
):RUKRUK
RUKRUK
EQTTGCU
/CPWCNFGKPUVTWEEKQPGU
#LWUVGU[RTQEGFKOKGPVQUFGUGTXKEKQ
(KNVTQFGCKTG
%CODKQFGNHKNVTQFGCKTG
2QUKEKÉPFGNHKNVTQFGCKTGRCTC):[):
%CODKQFGNHKNVTQFGCKTGGP):JCUVC):
2CUQ
#EEKÉP
2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
'ZVTCKICGNRCPGNHTQPVCN[GNRCPGNUWRGTKQTFGNCECLCFGNEQORTGUQT
&GUGPTQUSWGNCVCRCFGNHKNVTQ
[GZVTCKICGNGNGOGPVQHKNVTCPVG&GUGEJGGN
GNGOGPVQHKNVTCPVGFGCKTG
+PUVCNGGNPWGXQGNGOGPVQ[CRTKGVGNCVCRCFGNHKNVTQ
8WGNXCCKPUVCNCTNQURCPGNGUUWRGTKQT[HTQPVCN
/CPWCNFGKPUVTWEEKQPGU
4GHTKIGTCFQTGU
):[):
2CUQ
#EEKÉP
/CPVGPICNKORKQGNTGHTKIGTCFQTFGCEGKVG
%QRCTCOCPVGPGTNCGHKECEKCFG
TGHTKIGTCEKÉP
2CTCXGTUKQPGUEQPTGHTKIGTCFQTFGCKTGOCPVGPICNKORKQVCODK¾PGNTGHTKIGTCFQTFG
CKTG
%CRCTCOCPVGPGTNCGHKECEKCFGTGHTKIGTCEKÉP
2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG'NKOKPG
VQFCNCUWEKGFCFFGNTGHTKIGTCFQTFGCEGKVG
%QEQPWPEGRKNNQFGEGTFCU2CTC
XGTUKQPGUEQPTGHTKIGTCFQTFGCKTGGNKOKPGVCODK¾PVQFCNCUWEKGFCFFGNTGHTKIGTCFQT
FGCKTG
%C0QGORNGGPWPECWPEGRKNNQFGCNCODTGPKQDLGVQUOGV±NKEQU
5GIWKFCOGPVGNKORKGEQPCKTGEQORTKOKFQ
8±NXWNCFGUGIWTKFCF
8±NXWNCFGFTGPCLGFGEQPFGPUCFQ):[):
/CPWCNFGKPUVTWEEKQPGU
2WPVQUFGFTGPCLGFGEQPFGPUCFQ):C):
6CRÉPFGNNGPCFQ):[):
2TWGDC
.CX±NXWNCRWGFGRTQDCTUGGPWPCNÃPGCFGCKTGEQORTKOKFQUGRCTCFC
#PVGUFGSWKVCTNCX±NXWNCRCTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTGFGUEQPGEVGGNXQNVCLG
CDTCNCUX±NXWNCUFGFTGPCLG
[UKGUV±PKPUVCNCFCU[FGUGPTQUSWGGNVCRÉPFGNNGPCFQ
WPCXWGNVC
RCTCRGTOKVKTSWGUGGUECRGNCRTGUKÉPGXGPVWCNFGNUKUVGOC
5KPQUGCDTGNCX±NXWNCCNCRTGUKÉPGUVCORCFCGPNCOKUOCTGGORNCEGNCX±NXWNC
0QUGRGTOKVGPKPIÐPCLWUVG0WPECFGLGHWPEKQPCTGNEQORTGUQTUKPX±NXWNCFG
UGIWTKFCF
/CPWCNFGKPUVTWEEKQPGU
2TGUQUVCVQFGFGUECTICRCTCFC
2TGUQUVCVQ):C):
'NRTGUQUVCVQRGTOKVGCNQRGTCFQTUGNGEEKQPCTNCRTGUKÉPFGFGUECTICRCTCFC
X¾CUG5KUVGOCFG
TGIWNCEKÉP
'NCLWUVGRWGFGNNGXCTUGCECDQÐPKECOGPVGUKGUV±RTGUWTK\CFQGNRTGUQUVCVQ
.CRTGUKÉPFGFGUECTICKPKEKQNCEQPVTQNCGNVQTPKNNQFGCLWUVG
)KTGGNVQTPKNNQGPGNUGPVKFQFGNCU
CIWLCUFGNTGNQLRCTCCWOGPVCTNCRTGUKÉPQGPGNUGPVKFQQRWGUVQRCTCTGFWEKTNC
.CFKHGTGPEKCFGRTGUKÉPGPVTGFGUECTIC[ECTICRWGFGCLWUVCTUGEQPWPVQTPKNNQ
)KTGGNVQTPKNNQGPGN
UGPVKFQFGNCUCIWLCUFGNTGNQLRCTCCWOGPVCTNCFKHGTGPEKCFGRTGUKÉPQGPGNUGPVKFQQRWGUVQRCTC
TGFWEKTNC
/CPWCNFGKPUVTWEEKQPGU
%CODKQ[VGPUKÉPFGNLWGIQFGEQTTGCU
):[):
.GCGNCXKUQFGNCUGEEKÉP2TQITCOCFGOCPVGPKOKGPVQRTGXGPVKXQ
#LWUVGFGNCVGPUKÉPFGNCUEQTTGCUFGVTCPUOKUKÉPRCTC):[):
2CUQ
#EEKÉP
2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
'ZVTCKICGNRCPGNNCVGTCNFGTGEJQGNRCPGNFGGPVTCFC[NCEWDKGTVCFGNXGPVKNCFQTFGN
EQORTGUQT
#HNQLGNQURGTPQU
WPCXWGNVC
#LWUVGNCVGPUKÉPFGNCEQTTGCIKTCPFQNCVWGTECVGPUQTC
.CVGPUKÉPGUEQTTGEVCEWCPFQWPCVGPUKÉPFGGPVTG0
NDH[0
NDH
CRNKECFCGPGNRWPVQOGFKQFGNCUEQTTGCURTQFW\ECWPCFGUXKCEKÉPFGOO
RWNI
8WGNXCCCRTGVCTNQURGTPQU
+PUVCNGNQURCPGNGUFGNCECTTQEGTÃC
/CPWCNFGKPUVTWEEKQPGU
4GGORNC\QFGNCUEQTTGCUFGVTCPUOKUKÉPRCTC):[):
2CUQ
#EEKÉP
.CUEQTTGCU
FGDGPTGGORNC\CTUGEQOQWPEQPLWPVQCWPSWGUÉNQWPCFGGNNCU
GUV¾FGUICUVCFC7VKNKEGÐPKECOGPVGEQTTGCUQTKIKPCNGUFG#VNCU%QREQ
2CTGGNEQORTGUQTEKGTTGNCX±NXWNCFGUCNKFCFGCKTG[FGUEQPGEVGGNXQNVCLG
'ZVTCKICGNRCPGNNCVGTCNFGTGEJQGNRCPGNFGGPVTCFC[NCEWDKGTVCFGNXGPVKNCFQTFGN
EQORTGUQT
#HNQLGNQURGTPQU
WPCXWGNVC
&GUECTIWGNCVGPUKÉPFGNCEQTTGCCHNQLCPFQNCVWGTECVGPUQTC
3WKVGNCUEQTTGCU
/QPVGNCUPWGXCUEQTTGCU
6GPUGNCUEQTTGCU
VCNEQOQUGJCFGUETKVQCPVGTKQTOGPVG
8WGNXCCOQPVCTNCEWDKGTVCFGNXGPVKNCFQT
+PUVCNGNQURCPGNGUFGNCECTTQEGTÃC
%QORTWGDGNCVGPUKÉPFGURW¾UFGJQTCUFGHWPEKQPCOKGPVQ
/CPWCNFGKPUVTWEEKQPGU
5QNWEKÉPFGRTQDNGOCU
5QNWEKÉPFGRTQDNGOCU
+PVGTTWRVQTFGCTTCPSWGRCTCFC
):C):
8±NXWNCFGUCNKFCFGCKTG
):C):
6CRÉPFGNNGPCFQFGCEGKVG
):[):
/CPWCNFGKPUVTWEEKQPGU
8±NXWNCFGFTGPCLGFGRÉUKVQFGCKTG
):[):
8±NXWNCFGFTGPCLG
):C):
#VGPEKÉP
7VKNKEGÐPKECOGPVGRKG\CUCWVQTK\CFCU%WCNSWKGTFCÇQQCXGTÃCTGUWNVCPVGFGNWUQFG
RKG\CUPQCWVQTK\CFCUPQGUV±EWDKGTVQRQTNC)CTCPVÃCPKRQTNC4GURQPUCDKNKFCFFGN
RTQFWEVQ
*C[SWGCRNKECTVQFCUNCURTGECWEKQPGUFGUGIWTKFCFRGTVKPGPVGU
#PVGUFGTGCNK\CTGNOCPVGPKOKGPVQQTGRCTCEKQPGUGPGNEQORTGUQTFGURNCEGGN
KPVGTTWRVQTFGCTTCPSWGRCTCFC
CNCRQUKEKÉP
'URGTGJCUVCSWGUGRCTGGNEQORTGUQT[FGUEQPGEVGGNXQNVCLG%QPUWNVGNCUGEEKÉP
2CTCFC
#DTCGNKPVGTTWRVQTUGRCTCFQTCHKPFGGXKVCTWPCTTCPSWGCEEKFGPVCN
%KGTTGNCX±NXWNCFGUCNKFCFGCKTG
[FGURTGUWTKEGGNEQORTGUQTCDTKGPFQGNVCRÉP
WPCXWGNVC
#DTCNCUX±NXWNCUFGFTGPCLGOCPWCNFGNEQPFGPUCFQ
[Q
.CX±NXWNCFGUCNKFCFGCKTG
RWGFGDNQSWGCTUGFWTCPVGGNOCPVGPKOKGPVQQ
TGRCTCEKQPGUFGNCOCPGTCUKIWKGPVG
Ő %KGTTGNCX±NXWNC
Ő 3WKVGGNVQTPKNNQSWGUWLGVCGNVKTCFQTEQPC[WFCFGNCNNCXGUWOKPKUVTCFCEQPGN
EQORTGUQT
Ő .GXCPVGGNVKTCFQT[IÃTGNQJCUVCSWGGNTGDQTFGFGDNQSWGQGPGNEWGTRQFGNC
X±NXWNCGPVTGGPNCTCPWTCFGNVKTCFQT
Ő +PUVCNGGNVQTPKNNQ
/CPWCNFGKPUVTWEEKQPGU
(CNNQU[UQNWEKQPGU
2CTCNCUTGHGTGPEKCUSWGUGKPFKECPCEQPVKPWCEKÉPEQPUWNVG&KCITCOCFGHNWLQFGCKTG#TTCPSWGKPKEKCNQ
5KUVGOCFGTGIWNCEKÉP
2CTC):[):
%QPFKEKÉP
(CNNQ
5QNWEKÉP
'NEQORTGUQTUGRQPGGP
OCTEJCRGTQPQECTIC
FGURW¾UFGWPRGTÃQFQFG
TGVTCUQ
#XGTKCFCNCX±NXWNCFG
UQNGPQKFG
;
4GGORNCEGNCX±NXWNC
.CX±NXWNCFGGPVTCFC
+8UG *CICSWGUGEQORTWGDGNCX±NXWNC
SWGFCQDUVTWKFCGPRQUKEKÉP
EGTTCFC
(WICGPVWDQUHNGZKDNGUFG
CKTGFGEQPVTQN
4GGORNCEGGNVWDQHNGZKDNGEQPNC
HWIC
(WICGPX±NXWNCFGRTGUKÉP
OÃPKOC
8R
EWCPFQNCTGF
GUV±FGURTGUWTK\CFC
*CICSWGUGEQORTWGDGNCX±NXWNC
#XGTKCFQGNVGORQTK\CFQT
4GGORNCEGGNVGORQTK\CFQT
.CUCNKFCFGCKTGQNCRTGUKÉP 'NEQPUWOQFGCKTGGZEGFGNC %QORTWGDGGNGSWKRQEQPGEVCFQ
FGNEQORTGUQTGUKPHGTKQTCNQ UCNKFCFGNEQORTGUQT
PQTOCN
'NGOGPVQHKNVTCPVGFGGPVTCFC %CODKGGNGNGOGPVQHKNVTCPVG
CKTG
#(QDUVTWKFQ
6GORGTCVWTCFGUCNKFCFGN
CKTGUWRGTKQTCNQPQTOCN
#XGTKCFCNCX±NXWNCFG
UQNGPQKFG
;
4GGORNCEGNCX±NXWNC
(WICGPVWDQUHNGZKDNGUFG
CKTGFGEQPVTQN
4GGORNCEGGNVWDQHNGZKDNGEQPNC
HWIC
0QUGCDTGEQORNGVCOGPVG
NCX±NXWNCFGGPVTCFC
+8
*CICSWGUGEQORTWGDGNCX±NXWNC
'NGOGPVQUGRCTCFQTFG
CEGKVG
15QDVWTCFQ
4GGORNCEGGNGNGOGPVQUGRCTCFQT
8±NXWNCUFGUGIWTKFCFEQP
HWICU
4GGORNCEGNCUX±NXWNCU
#KTGFGTGHTKIGTCEKÉP
KPUWHKEKGPVGQVGORGTCVWTC
FG¾UVGFGOCUKCFQCNVC
$WUSWGNCTGUVTKEEKÉPFGNCKTGFG
TGHTKIGTCEKÉPQOGLQTGNC
XGPVKNCEKÉPFGNCUCNC'XKVGNC
TGEKTEWNCEKÉPFGNCKTGFG
TGHTKIGTCEKÉP5KUGJCNNCKPUVCNCFQ
WPXGPVKNCFQTGPNCUCNCFGN
EQORTGUQTEQORTWGDGUW
ECRCEKFCF
0KXGNFGCEGKVGFGOCUKCFQ
DCLQ
%QORTWGDG[TGRCTGUGIÐPUGC
PGEGUCTKQ
4GHTKIGTCFQTQDVWTCFQ
.KORKGGNTGHTKIGTCFQT
'NVGTOQUVCVQHWPEKQPCOCN
*CICSWGUGRTWGDGGNVGTOQUVCVQ
#XGTKCFQGNGNGOGPVQ
EQORTGUQT
'
%QPUWNVGC#VNCU%QREQ
/CPWCNFGKPUVTWEEKQPGU
):C):EQPTGHTKIGTCFQTFGCKTG
%QPFKEKÉP
(CNNQ
0QUGFGUECTICEQPFGPUCFQ 6WDQHNGZKDNGFGFGUECTIC
FWTCPVGNCECTIC
CVCUECFQ
.CX±NXWNCFGHNQVCFQT
HWPEKQPCOCN
5QNWEKÉP
%QORTWGDG[TGRCTGUGIÐPUGC
PGEGUCTKQ
3WKVGGNEQPLWPVQFGNCX±NXWNCFG
HNQVCFQTNKORKGQTGGORNCEGUGIÐP
RTQEGFC
/CPWCNFGKPUVTWEEKQPGU
&CVQUV¾EPKEQU
.GEVWTCUFGNRCPGNFGEQPVTQN
):C):
.CUNGEVWTCUOGPEKQPCFCUCEQPVKPWCEKÉPUQPX±NKFCUGPEQPFKEKQPGUFGTGHGTGPEKC
X¾CUG%QPFKEKQPGUFGTGHGTGPEKC[NKOKVCEKQPGU
/CPWCNFGKPUVTWEEKQPGU
4GH
&GUKIPCEKÉP
)RC
2TGUKÉPFGUCNKFCFGCKTG
.GEVWTC(NWEVÐCGPVTGNCRTGUKÉPRTGGUVCDNGEKFCFGFGUECTICRCTCFC[NCRTGUKÉPFG
ECTIC
)FR
6GORGTCVWTCFGNRWPVQFGTQEÃQ
.GEVWTCRCTC):C):CRTQZu%
u(Cu%
u(VGORGTCVWTCCODKGPVG
*O
%WGPVCJQTCU
.GEVWTCVKGORQFGOCTEJCVQVCN
#LWUVGUFGTGN¾FGUQDTGECTIC[HWUKDNGU
):[):
(TGEWGPEKC
*\
8QNVCLG
8
4GN¾FG
UQDTGECTIC(
#FG):
(WUKDNGU
RTKPEKRCNGU
#
FG):
4GN¾FG
(WUKDNGU
UQDTGECTIC( RTKPEKRCNGU
#
#FG):
FG):
+'%
'UVTGNNC
VTK±PIWNQ
%5#7.
&1.
I.I)
I.I)
%5#7.
%5#7.
%QPFKEKQPGUFGTGHGTGPEKC[NKOKVCEKQPGU
%QPFKEKQPGUFGTGHGTGPEKC
2TGUKÉP
CDUQNWVCFGGPVTCFCFGCKTG
DCT
2TGUKÉP
CDUQNWVCFGGPVTCFCFGCKTG
RUK
6GORGTCVWTCFGGPVTCFCFGCKTG
u%
6GORGTCVWTCFGGPVTCFCFGCKTG
u(
*WOGFCFTGNCVKXC
2TGUKÉPFGVTCDCLQ
DCT
G
8¾CUG&CVQUFGNEQORTGUQT
2TGUKÉPFGVTCDCLQ
RUK
8¾CUG&CVQUFGNEQORTGUQT
/CPWCNFGKPUVTWEEKQPGU
.KOKVCEKQPGU
2TGUKÉPO±ZKOCFGVTCDCLQ
DCT
G
8¾CUG&CVQUFGNEQORTGUQT
2TGUKÉPO±ZKOCFGVTCDCLQ
RUKI
8¾CUG&CVQUFGNEQORTGUQT
2TGUKÉPOÃPKOCFGVTCDCLQ
DCT
G
2TGUKÉPOÃPKOCFGVTCDCLQ
RUKI
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG
u%
6GORGTCVWTCO±ZKOCFGGPVTCFCFGCKTG
u(
6GORGTCVWTCCODKGPVGOÃPKOC
u%
6GORGTCVWTCCODKGPVGOÃPKOC
u(
&CVQUFGNEQORTGUQT
*\DCT
GPNCUEQPFKEKQPGUFGTGHGTGPEKC
6KRQFGEQORTGUQT
):
):
):
):
):
):
2TGUKÉP
FG
DCT
G
FGUECTICO±ZKOC
2CEM
2TGUKÉP
FG
RUKI
FGUECTICO±ZKOC
2CEM
2TGUKÉP
FG
DCT
G
FGUECTICO±ZKOC
(WNN(GCVWTG
2TGUKÉP
FG
RUKI
FGUECTICO±ZKOC
(WNN(GCVWTG
2TGUKÉPFGVTCDCLQ
PQOKPCN
DCT
G
2TGUKÉPFGVTCDCLQ
PQOKPCN
RUKI
2WPVQFGCLWUVG
X±NXWNC
VGTOQUV±VKEC
u%
2WPVQFGCLWUVG
X±NXWNC
VGTOQUV±VKEC
u(
u%
(TGEWGPEKC
*\
6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZ2CEM
Ő /QPVCFQGP
FGRÉUKVQ
/CPWCNFGKPUVTWEEKQPGU
6KRQFGEQORTGUQT
):
):
):
):
):
Ő /QPVCFQGP
FGRÉUKVQ
u(
Ő /QPVCFQGPGN
UWGNQ
u%
Ő /QPVCFQGPGN
UWGNQ
u(
6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZ(WNN
(GCVWTG
u%
6GORGTCVWTCFGN
CKTGSWGUCNGFGNC
X±NXWNCFGUCNKFC
CRTQZ(WNN
(GCVWTG
u(
2QVGPEKCFG
M9
GPVTCFC2CEMC
O±ZKOCRTGUKÉPFG
VTCDCLQ
2QVGPEKCFG
JR
GPVTCFC2CEMC
O±ZKOCRTGUKÉPFG
VTCDCLQ
2QVGPEKCFG
GPVTCFC(WNN
(GCVWTGCO±ZKOC
RTGUKÉPFGVTCDCLQ
M9
2QVGPEKCFG
GPVTCFC(WNN
(GCVWTGCO±ZKOC
RTGUKÉPFGVTCDCLQ
JR
%CRCEKFCFFG
CEGKVG
N
%CRCEKFCFFG
CEGKVG
75ICN
%CRCEKFCFFG
CEGKVG
+ORICN %CRCEKFCFFG
CEGKVG
EWHV
F$
#
0KXGNFGRTGUKÉP
CEÐUVKEC
EQPHQTOG
C+51
):
/CPWCNFGKPUVTWEEKQPGU
*\RUK
GPNCUEQPFKEKQPGUFGTGHGTGPEKC
6KRQFGEQORTGUQT
):
):
):
):
(TGEWGPEKC
*\
2TGUKÉP
FGFGUECTICO±ZKOC
2CEM
DCT
G
2TGUKÉP
FGFGUECTICO±ZKOC
2CEM
RUKI
2TGUKÉP
FGFGUECTICO±ZKOC
(WNN(GCVWTG
DCT
G
2TGUKÉP
FGFGUECTICO±ZKOC
(WNN(GCVWTG
RUKI
2TGUKÉPFGVTCDCLQPQOKPCN
DCT
G
2TGUKÉPFGVTCDCLQPQOKPCN
RUKI
2WPVQFGCLWUVGX±NXWNC
VGTOQUV±VKEC
u%
2WPVQFGCLWUVGX±NXWNC
VGTOQUV±VKEC
u(
Ő /QPVCFQGPFGRÉUKVQ
u%
Ő /QPVCFQGPFGRÉUKVQ
u(
Ő /QPVCFQGPGNUWGNQ
u%
Ő /QPVCFQGPGNUWGNQ
u(
u%
6GORGTCVWTCFGNCKTGSWGUCNG
FGNCX±NXWNCFGUCNKFC
CRTQZ
(WNN(GCVWTG
u(
6GORGTCVWTCFGNCKTGSWGUCNG
FGNCX±NXWNCFGUCNKFC
CRTQZ
(WNN(GCVWTG
2QVGPEKCFGGPVTCFC2CEMC
O±ZKOCRTGUKÉPFGVTCDCLQ
M9
2QVGPEKCFGGPVTCFC2CEMC
O±ZKOCRTGUKÉPFGVTCDCLQ
JR
2QVGPEKCFGGPVTCFC(WNN
(GCVWTGCO±ZKOCRTGUKÉPFG
VTCDCLQ
M9
2QVGPEKCFGGPVTCFC(WNN
(GCVWTGCO±ZKOCRTGUKÉPFG
VTCDCLQ
JR
%CRCEKFCFFGCEGKVG
N
%CRCEKFCFFGCEGKVG
75ICN
%CRCEKFCFFGCEGKVG
+ORICN %CRCEKFCFFGCEGKVG
EWHV
0KXGNFGRTGUKÉPCEÐUVKEC
EQPHQTOGC+51
F$
#
6GORGTCVWTCFGNCKTGSWGUCNG
FGNCX±NXWNCFGUCNKFC
CRTQZ
2CEM
/CPWCNFGKPUVTWEEKQPGU
*\RUK
GPNCUEQPFKEKQPGUFGTGHGTGPEKC
6KRQFGEQORTGUQT
):
):
):
):
(TGEWGPEKC
*\
2TGUKÉP
FGFGUECTICO±ZKOC
2CEM
DCT
G
2TGUKÉP
FGFGUECTICO±ZKOC
2CEM
RUKI
2TGUKÉP
FGFGUECTICO±ZKOC
(WNN(GCVWTG
DCT
G
2TGUKÉP
FGFGUECTICO±ZKOC
(WNN(GCVWTG
RUKI
2TGUKÉPFGVTCDCLQPQOKPCN
DCT
G
2TGUKÉPFGVTCDCLQPQOKPCN
RUKI
2WPVQFGCLWUVGX±NXWNC
VGTOQUV±VKEC
u%
2WPVQFGCLWUVGX±NXWNC
VGTOQUV±VKEC
u(
Ő /QPVCFQGPFGRÉUKVQ
u%
Ő /QPVCFQGPFGRÉUKVQ
u(
Ő /QPVCFQGPGNUWGNQ
u%
Ő /QPVCFQGPGNUWGNQ
u(
u%
6GORGTCVWTCFGNCKTGSWGUCNG
FGNCX±NXWNCFGUCNKFC
CRTQZ
(WNN(GCVWTG
u(
6GORGTCVWTCFGNCKTGSWGUCNG
FGNCX±NXWNCFGUCNKFC
CRTQZ
(WNN(GCVWTG
2QVGPEKCFGGPVTCFC2CEMC
O±ZKOCRTGUKÉPFGVTCDCLQ
M9
2QVGPEKCFGGPVTCFC2CEMC
O±ZKOCRTGUKÉPFGVTCDCLQ
JR
2QVGPEKCFGGPVTCFC(WNN
(GCVWTGCO±ZKOCRTGUKÉPFG
VTCDCLQ
M9
2QVGPEKCFGGPVTCFC(WNN
(GCVWTGCO±ZKOCRTGUKÉPFG
VTCDCLQ
JR
%CRCEKFCFFGCEGKVG
N
%CRCEKFCFFGCEGKVG
75ICN
%CRCEKFCFFGCEGKVG
+ORICN %CRCEKFCFFGCEGKVG
EWHV
0KXGNFGRTGUKÉPCEÐUVKEC
EQPHQTOGC+51
F$
#
6GORGTCVWTCFGNCKTGSWGUCNG
FGNCX±NXWNCFGUCNKFC
CRTQZ
2CEM
/CPWCNFGKPUVTWEEKQPGU
+PUVTWEEKQPGURCTCGNWUQFGNFGRÉUKVQFGCKTG
+PUVTWEEKQPGUFGWUQ
'UVGTGEKRKGPVGRWGFGEQPVGPGTCKTGRTGUWTK\CFQGUVQRWGFGUGTRGNKITQUQUKUGGHGEVÐC
WPWUQKPCFGEWCFQFGNGSWKRQ
'UVGTGEKRKGPVGFGDGWVKNK\CTUGÐPKECOGPVGGPECNKFCFFGUGRCTCFQTFGCKTGEQORTKOKFQ
CEGKVG[HWPEKQPCT±FGPVTQFGNQUNÃOKVGUGURGEKHKECFQUGPNCRNCECFGFCVQU
0QUGTGCNK\CT±PKPIWPCOQFKHKECEKÉPGPFKEJQTGEKRKGPVGPKUQNFCPFQPKVCNCFTCPFQPK
RQTPKPIÐPQVTQO¾VQFQFGVTCDCLQOGE±PKEQUKPGNRGTOKUQGUETKVQFGNHCDTKECPVG
5GKPFKECT±PENCTCOGPVGNCRTGUKÉP[VGORGTCVWTCFGNRTGUGPVGTGEKRKGPVG
0QJC[PGEGUKFCFKPVTÃPUGECFGTGCNK\CTKPURGEEKQPGUFGUGTXKEKQFGNTGEKRKGPVGUK¾UVGUG
WVKNK\CFGPVTQFGNQUNÃOKVGUFGFKUGÇQ[RCTCNQUHKPGUFGWUQRCTCNQUSWGUGJC
RTGXKUVQ
&GDGKORGFKTUGNCEQTTQUKÉPGPNCUEQPFKEKQPGUFGWUQ5GRWGFGCEWOWNCT
EQPFGPUCEKÉPGPGNKPVGTKQTFGNFGRÉUKVQRQTNQSWGFGDGFTGPCTUGFKCTKCOGPVG'UVQ
RWGFGTGCNK\CTUGOCPWCNOGPVGCDTKGPFQNCX±NXWNCFGFTGPCLGQOGFKCPVGFTGPCLG
CWVQO±VKEQUKGNFGRÉUKVQFKURQPGFGNOKUOQ
/CPWCNFGKPUVTWEEKQPGU
2'&
&KTGEVKXCUFGGSWKRQCRTGUKÉP
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'
%QORQPGPVGUUWLGVQUCNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP%'OC[QTQKIWCNCNCECVGIQTÃC++
6KRQFGEQORTGUQT
0ÐOGTQFGRKG\C
&GUETKREKÉP
%NCUGFG2'&
):[):
8±NXWNCFGUGIWTKFCF
+8
8±NXWNCFGUGIWTKFCF
+8
8±NXWNCFGUGIWTKFCF
+8
%NCUKHKECEKÉPIGPGTCN
.QUEQORTGUQTGUEWORNGPNC&KTGEVKXCUQDTGGSWKRQUCRTGUKÉP
2'&RCTCGSWKRQUEQPWPCECVGIQTÃC
KPHGTKQTCNC%CVGIQTÃC++
GX 11, GX 7
Manual de Instrucciones
Atlas Copco se distingue como empresa por nuestra
convicción de que sólo podremos destacar en lo que
hacemos si ofrecemos la mejor experiencia tecnológica
posible para ayudar realmente a nuestros clientes a
producir, crecer y triunfar.
Sólo hay una forma de conseguirlo – nosotros lo
llamamos simplemente el estilo Atlas Copco. Se basa en
la interacción, las relaciones a largo plazo y la
participación en los procesos, necesidades y objetivos de
los clientes. Significa que debemos ser flexibles para
adaptarnos a los variados requisitos de las personas que
confían en nosotros.
El compromiso con el negocio de nuestros clientes
dirige nuestro esfuerzo para aumentar su productividad
mediante mejores soluciones. Un compromiso que
comienza prestando pleno apoyo a los productos
existentes y mejorando las cosas continuamente. Pero no
nos detenemos aquí, concebimos y realizamos avances
tecnológicos a través de la innovación. No por simple
amor a la tecnología, sino pensando en los resultados y
en la tranquilidad de nuestros clientes.
Así es como Atlas Copco se esforzará por seguir siendo
la primera elección, atraer nuevos negocios y mantener
nuestra posición como líder de la industria.