*9000988444* Ø Ú Þ â é × ó ê Ý Û ì Ù ë î ô 0RQWDJHDQOHLWXQJ ,QVWDOODWLRQ LQVWUXFWLRQV 1RWLFH GH PRQWDJH ,VWUX]LRQL SHU LO PRQWDJJLR ,QVWDOODWLHYRRUVFKULIW 0RQWHULQJVYHMOHGQLQJ 0RQWHULQJVDQYLVQLQJ 0RQWHULQJVYHLOHGQLQJ $VHQQXVRKMH ,QVWUXFFLRQHV GH PRQWDMH ,QVWUXo}HV GH PRQWDJHP ̲͉͇͓͆́ͅ ͇͕͔͕͔͉͓͌̓̾̓ͅ ,QVWUXNFMD PRQWDŰX Ημπροςιυηώ ξν λνμρίες 0RQWDM N×ODYX]X % $ PLQ PLQ PLQ PLQ PLQ PLQ
& ' PLQ PLQ
de 8FOO EFS )PDITDISBOL [VT¤U[MJDI [V EFO &MFNFOU 3¼DLX¤OEFO FJOF XFJUFSF 3¼DLXBOE IBU NVTT EJFTF FOUGFSOU XFSEFO (FS¤U OVS TP IPDI FJOCBVFO EBTT ;VCFI¶S QSPCMFNMPT FOUOPN NFO XFSEFO LBOO (FNHLQEDX %LOG %BNJU EJF (FS¤UFU¼S HF¶GGOFU XFSEFO LBOO CFJN &DLFJOCBV .BF & CFS¼DLTJDIUJHFO %BT .B ' JTU BCI¤OHJH WPO EFS %JDLF EFS .¶CFMGSPOU VOUFS EFN (SJGG Ø .
en 0OMZ GJU UIF BQQMJBODF VQ UP B IFJHIU XIJDI BMMPXT BDDFTTPSJFT UP CF FBTJMZ SFNPWFE &RUQHU LQVWDOODWLRQ ² )LJ 5P FOTVSF UIBU UIF BQQMJBODF EPPS DBO CF PQFOFE JO B DPSOFS JOTUBMMBUJPO UBLF BDDPVOU PG EJNFOTJPO & %JNFOTJPO ' JT EFQFOEFOU PO UIF UIJDLOFTT PG UIF VOJU GSPOU VOEFS UIF IBOEMF Ú *OTUBMMBUJPO JOTUSVDUJPOT ,PSRUWDQW LQIRUPDWLRQ ² )LJ 5IF GJUUFE DBCJOFU NVTU OPU IBWF B CBDL QBOFM CFIJOE UIF BQQMJBODF 5IFSF TIPVME CF B HBQ PG BU MFBTU NN CFUXFFO UIF XBMM BOE UIF DBCJOFU CBTF PS SFB
fr $SSDUHLO GDQV XQH DUPRLUH ILJ 1PVS M B©SBUJPO EF M BQQBSFJM MFT GBVY QMBODIFST EPJWFOU QS©TFOUFS VOF E©DPVQF EF WFOUJMBUJPO 4J M BSNPJSF QPTT¨EF VO QBOOFBV BSSJ¨SF FO QMVT EFT QBOOFBVY BSSJ¨SF EFT ©M©NFOUT DFMVJ DJ EPJU ªUSF FOMFW© / JOTUBMMFS M BQQBSFJM RV VOF UFMMF IBVUFVS RVF MFT BDDFTTPJSFT QVJTTFOU ªUSF SFUJS©T TBOT QSPCM¨NF (QFDVWUHPHQW DQJXODLUH ILJ "GJO EF QPVWPJS PVWSJS MB QPSUF EF M BQQBSFJM SFTQFDUFS MFT DPUFT & FO DBT E FODBTUSFNFOU BOHVMBJSF -B DPUF ' FTU GPODUJPO EF M ©Q
'pPRQWDJH .
)LVVDJJLR GHOO DSSDUHFFKLR )LJXUD $WWHQ]LRQH 1FS JM GJTTBHHJP EFJ QBOOFMMP OPO VUJMJ[[BSF BMDVO BWWJUBUPSF B CBUUFSJB * QBOOFMMP QPTTPOP FTTFSF EBOOFHHJBUJ *OTFSJSF M BQQBSFDDIJP GJOP JO GPOEP 'BSF JO NPEP DIF JM DBWP EJ BMMBDDJBNFOUP OPO TJ QJFHIJ OPO SJNBOHB JODBTUSBUP F OPO QBTTJ TV TQJHPMJ WJWJ $FOUSBSF M BQQBSFDDIJP 5SB M BQQBSFDDIJP F J GSPOUBMJ EFJ NPCJMJ DPOUJHVJ EFWF FTTFSDJ VOP TQB[JP "QSJSF MB QPSUB EFMM BQQBSFDDIJP F TWJUBSF J QBOOFMMJ B EFTUSB F B TJOJTUSB 'JTTBSF M BQQB
$OOHHQ =ZHGHQ )LQODQG HQ 1RRUZHJHQ )FU BQQBSBBU LBO PPL NFU EF CJKHFWPFHEF TUFLLFS NFU BBSEJOHTDPOUBDU TZTUFFN XPSEFO BBOHFTMPUFO %JU EJFOU OB EF JOCPVX UPFHBOLFMJKL UF [JKO *T EJU OJFU IFU HFWBM EBO NPFU FS PQ IFU BQQBSBBU XFFS FFO TDIBLFMBBS NFU FFO DPOUBDUPQFOJOH WBO NJOTUFOT NN XPSEFO BBOHFCSBDIU D E $SSDUDDW EHYHVWLJHQ $IE $WWHQWLH 5FS CFWFTUJHJOH WBO EF QBOFMFO HFFO BDDVTDISPFWFOESBBJFS HFCSVJLFO %F QBOFMFO LVOOFO EBO CFTDIBEJHE SBLFO "QQBSBBU IFMFNBBM JOTDIVJWFO ;PSH FSWPPS EBU IF
.XQ IRU 6YHULJH )LQODQG RJ 1RUJH "QQBSBUFU LBO PHT¥ GPSCJOEFT NFE FO TJLLFSIFETLPOUBLU WFE IK¦MQ BG EFU MFWFSFEF TUJL %FOOF LPOUBLU TLBM W¦SF UJMH¦OHFMJH FGUFS JOECZHOJOHFO )WJT EFUUF JLLF FS UJMG¦MEFU TLBM EFS JOEH¥ FO BMQPMFU TLJMMFBGCSZEFS NFE NJOETU NN LPOUBLUBGTUBOE Q¥ JOTUBMMBUJPOTTJEFO D E )DVWJ¡UH DSSDUDW ILJXU 3DV Sn "OWFOE JLLF FO BLLV TLSVFUS¦LLFS UJM GBTUTLSVOJOH BG QBOFMFSOF 1BOFMFSOF LBO CMJWF CFTLBEJHFU 4LZE BQQBSBUFU IFMU JOE 1BT Q¥ BU UJMTMVUOJOHTLBCMFU JLLF G¥S LO¦L L
)lVWD HQKHWHQ ELOG 2EV '¤TU JOUF QBOFMFSOB NFE TMBEEM¶T TLSVWESBHBSF %V LBO TLBEB QBOFMFSOB 4LKVU JO FOIFUFO IFMU 4F UJMM T¥ BUU TMBEEFO JOUF CMJS WJLU LM¤NE FMMFS ESBHFO ¶WFS WBTTB LBOUFS $FOUSFSB FOIFUFO %FU TLB GJOOBT FO MVGUTQBMU NFMMBO FOIFUFO PDI BOHS¤OTBOEF TL¥QTTUPNNBS QQOB MVDLBO PDI TLSVWB BW W¤OTUFS PDI I¶HFS QBOFM 4LSVWB GBTU FOIFUFO J TUPNNFO 4¤UU Q¥ QBOFMFSOB VQQUJMM G¶STU TLSVWB TFEBO GBTU EFN OFEUJMM 4F UJMM T¥ BUU JOUF BOESB MJTUFS U¤DLFS TQBMUFO NFMMBO C¤OLTLJ
)RU 6YHULJH )LQODQG RJ 1RUJH "QQBSBUFU LBO PHT¥ TZTUFNUJMLPCMFT NFE EFU NFEG¸MHFOEF KPSEFEF TU¸QTFMFU %FUUF N¥ JNJEMFSUJE W¦SF UJMHKFOHFMJH FUUFS JOOCZHHJOH )WJT EFUUF JLLF FS UJMGFMMF N¥ EFU JOTUBMMFSFT FO GMFSQPMFU TLJMMFCSZUFS NFE NJOTU NN LPOUBLUBWTUBOE D E )HVWLQJ DY DSSDUDWHW ² ELOGH 2EV #SVL JLLF BMVNJOJVNTTLSVFS O¥S EV TLSVS TBNNFO EFMFOF %FMFOF LBO CMJ TLBEFU 4LZW BQQBSBUFU IFMU JOO 1BTT Q¥ BU UJMLPCMJOHTMFEOJOHFO JLLF LOFLLFT LMFNNFT GBTU FMMFS USFLLFT PWFS TLBSQF LBOUFS *OOS
/DLWWHHQ NLLQQLWWlPLQHQ NXYD +XRPLR M¤ L¤ZU¤ MJTUPKFO LJJOOJUU¤NJTFFO BLLVSVVWJOW¤¤OOJOU¤ -JTUBU WPJWBU WBVSJPJUVB 5Z¶OO¤ MBJUF LPLPOBBO QBJLBMMFFO 7BSNJTUB FUU¤ MJJU¤OU¤KPIUP FJ K¤¤ QVSJTUVLTJJO UBJ LVMKF UFS¤WJFO LVMNJFO ZMJ ,PIEJTUB MBJUF LFTLFMMF -BJUUFFO KB WJFSFJTUFO LFJUUJ¶LBMVTUFJEFO FUVPTJFO W¤MJTT¤ QJU¤¤ PMMB JMNBSBLP "WBB MBJUUFFO MVVLLVB IJVLBO KB SVVWBB WBTFNNBMMB KB PJLFBMMB PMFWBU MJTUBU JSUJ ,JJOOJU¤ MBJUF SVVWFJMMB LBMVTUFFTFFO "TFUB MJTUBU QBJLPJMMFFO KB LJJOO
$POFDUBS TJFNQSF TFHºO FM FTRVFNB EF DPOFYJ³O $POTVMUBS MB UFOTJ³O FO MB FUJRVFUB EF DBSBDUFSTUJDBT $POFDUBS MPT DPOEVDUPSFT EFM DBCMF EF DPOFYJ³O B MB SFE EF BDVFSEP DPO MB DPEJGJDBDJ³O QPS DPMPSFT< WFSEF BNBSJMMP UPNB B UJFSSB B[VM DFSP DPOEVDUPS OFVUSP NBSS³O GBTF DPOEVDUPS FYUFSJPS 6ROR SDUD HO 5HLQR 8QLGR \ $XVWUDOLD /P DPOFDUBS DPO VO FODIVGF EF " P QSPUFHFS DPO " 6ROR SDUD 6XHFLD )LQODQGLD \ 1RUXHJD &M BQBSBUP UBNCJ©O QVFEF DPOFDUBSTF BM TJTUFNB EF UPNB EF UJFSSB NFEJBOUF FM
" JOTUBMB§£P EFWF UFS VN EJTQPTJUJWP EF DPSUF PNOJQPMBS DPN VNB EJTU¢ODJB EF DPOUBDUP EF QFMP NFOPT NN *EFOUJGJDBS PT DPOEVUPSFT EF GBTF F OFVUSP EB UPNBEB EF MJHB§£P 6NB MJHB§£P FSSBEB QPEF EBOJGJDBS P BQBSFMIP 3FTQFJUBS TFNQSF P FTRVFNB EF MJHB§µFT $POTVMUF B UFOT£P OB QMBDB EF DBSBDUFSTUJDBT -JHBS PT DPOEVUPSFT EP DBCP EF BMJNFOUB§£P EF BDPSEP DPN B DPEJGJDB§£P EF DPSFT WFSEF BNBSFMP DPOEVUPS EF QSPUFD§£P < B[VM [FSP DPOEVUPS OFVUSP DBTUBOIP GBTF DPOEVUPS FYUFSOP $SHQDV SDUD *% H $
̭͍̓͆͋͑͟ ͔͞͏͇͔͉͓͆ ͎͇ ͇͖͎͕͍͕͉͒̓͑̀ ͓͗͋ ͔͑͌͑͞ ˅ ˰˲˰˧ˢ˲˛ ˢ˭˦˱ˮ˚˭ˢ˱˞˦ ˪˞ ˰˲˪ˡˢ˥ˢ˜ ˩˹˪ˬ ˰ˢ ˩˦˞ ˭ˮ˜ˣ˞ ˰ˬ˺˧ˬ ˭ˬ˲ ˢ˜˪˞˦ ˢˠ˧˞˱ˢ˰˱ˤ˩˚˪ˤ ˰˺˩˳˶˪˞ ˩ˢ ˱ˬ˲˯ ˧˞˪ˬ˪˦˰˩ˬ˺˯ ˃˙˪ ˱ˬ ˳˦˯ ˩ˢ˱˙ ˱ˤ˪ ˱ˬ˭ˬ˥˚˱ˤ˰ˤ ˡˢ˪ ˢ˜˪˞˦ ˭˨˚ˬ˪ ˭ˮˬ˰˦˱˹ ˭ˮ˚˭ˢ˦ ˞˭˹ ˱ˤ˪ ˭˨ˢ˲ˮ˙ ˱ˤ˯ ˢˠ˧˞˱˙˰˱˞˰ˤ˯ ˪˞ ˲˭˙ˮ˴ˢ˦ ˩˦˞ ˡ˦˙˱˞˫ˤ ˡ˦˞˧ˬ˭˛˯ ˹˨˶˪ ˱˶˪ ˭˹˨˶˪ ˩ˢ ˩˦˞ ˢ˨˙˴˦˰˱ˤ ˞˭˹˰˱˞˰ˤ ˢ˭˞˳˛˯ NN ̭͍̓͆͋͑͟ ͔͞͏͇͔͉͓͆ ͚͓͒́͘ ͇͖͎͕͍͕͉͒̓͑̀ ͓͗͋ ͔͑͌͑͞ ˊ˹˪ˬ ˚˪˞˯ ˞ˡˢ˦ˬ˺˴ˬ˯ ˢˠ˧˞˱˞˰˱˙˱ˤ˯ ˢ˭˦˱ˮ˚˭ˢ˱˞˦ ˪˞ ˰˲˪ˡ˚˰ˢ˦ ˱ˤ ˰˲˰˧ˢ˲˛ ˁ˦˞ ˞˲˱˹˪ ˦˰˴˺ˬ˲˪ ˬ˦ ˧˞˪ˬ˪˦˰˩ˬ˜ ˱ˤ˯ ˱ˬ˭˦˧˛˯ ˡ˦˞˪ˬ˩˛˯ ˮˢ˺˩˞˱
ru 3RGãĉF]DQLH XU]ĉG]HQLD 6S[ÅE[FOJF PEQPXJBEB LMBTJF PDISPOZ J NPļF CZÇ VļZULPXBOF XZĂÅD[OJF KFěMJ KFTU QPEĂÅD[POF EP QS[FXPEV V[JFNJBKÅDFHP 1PED[BT XT[ZTULJDI QSBD NPOUBļPXZDI OBMFļZ XZĂÅD[ZÇ [BTJMBOJF VS[ÅE[FOJB 6S[ÅE[FOJF NPļOB QPEĂÅD[ZÇ EP TJFDJ XZĂÅD[OJF [B QPNPDÅ EPTUBSD[POFHP QS[FXPEV QS[ZĂÅD[FOJPXFHP 1PEĂÅD[ZÇ QS[FX³E QS[ZĂÅD[FOJPXZ [ UZĂV VS[ÅE[FOJB LMJL 1S[FX³E QS[ZĂÅD[FOJPXZ P EĂVHPěDJ N NPļOB OBCZÇ X TFSXJTJF 1S[FX³E QS[ZĂÅD[FOJPXZ NPļOB XZNJFOJÇ XZĂÅD[OJF OB QS[FX³E PSZHJOBMOZ
Γδλνμρίε ̵͈͙͕͙͌ͣ͌͘͞ ͖͗͏͈͕͗ ̵͙͕͙͑͗͐͌ ͉͚͋͌͗͝ ͖͗͏͈͕͇͗ ͏ ͕͙͉͏͔͙͏͙͌ ͖͇͔͌͒͏ ͖͇͉͇͗͘ ͏ ͉͇͒͌͘ ̵͇͈͙͒ͣ͌͘ ͉͏͔͙͢ ͖͔͑͗͌͒͌͏ͦ ̶͗͏͖͕͔͋͏͓͏͙͌ ͏ ͉͔͙ͣ͌͢ ͖͗͏͈͕͗ πρίμναιί ξοηΰνοί α χιίσ ινκνμμς ² οηπ ̫͒ͦ ͕͈͖͔͌͌͌͘͞͏ͦ ͉͔͙͌͏͒ͦ͝͏͏ ͖͗͏͈͕͇͗ ͉ ͇͎͗͋͌͒͏͙͔͌͒ͣ͢͜ ͖͕͕͇͌͗͌͊͗͋͑͜ ͕͍͔͕͋͒ ͈͙ͣ͢ ͕͙͉͙͌͗͘͏͌ ͋͒ͦ ͉͔͙͌͏͒ͦ͝͏͏ ̩ ͚͇͒͌͘͞ ͌͒͘͏ ͇͑͛͟ ͕͕͔͔͇͑͒ ͏͓͙͌͌ ͖͕͓͏͓͕ ͎͇͔͋͏͜ ͙͔͕͌͑͘ ͕͙͔͋͌͒ͣ͢͜ ͌͑͘͝͏͐ ͕͖͕͔͋͒͏͙͔͕͌͒ͣ ͎͇͔͋ͥͥ ͖͕͔͚͒ͥ͘͟ ͙͔͚͌͑͘ ͙͕ ͌ͧ ͚͙͒͌͋͌͘ ͔͙ͦͣ͘ ̺͙͇͔͇͉͒͘͏͉͇͙͐͌ ͖͗͏͈͕͗͢ ͔͇ ͙͇͕͑͐ ͉͕͙͌͘͢ ͔͇ ͕͙͕͕͑͗͐ ͈͚͙͋͌ ͚͕͈͔͕͋ ͉͔͢͏͓͇͙ͣ ͖͗͏͔͇͋͒͌
%R\ GRODE×QGDNL FLKD] 5HVLP $JIB[ñO IBWBMBOEñSñMNBTñ J§JO BSB SBGMBSEB CJS IBWBMBOEñSNB C¶M¼N¼ CVMVONBMñEñS &ßFS FMFNBO BSLB EVWBSñOB FL PMBSBL CPZ EPMBCñOñO EB CJS BSLB EVWBSñ WBSTB CVOVO §ñLBSUñMNBTñ HFSFLMJEJS $JIB[ TBEFDF BLTFTVBSMBSñO LPMBZMñLMB §ñLBSUñMBCJMFDFßJ CJS Z¼LTFLMJßF NPOUF FEJMNFMJEJS .
