ƑƜƭƴơ ƤƟưƫơ ƳơƲ ƋơƴơƷƹƱƞƳƴƥ ƴƯ ưƱƯƺƼƭ ƳơƲ ƪơƩ ƫƜƢƥƴƥ ƵưƯƳƴƞƱƩƮƧ ơưƼ ƴƧ ƤƩƥƽƨƵƭƳƧ www.philips.
ƓƧƬơƭƴƩƪƼ ƂƳƶƜƫƥƩơ ƓƧƬƥƟƹƳƧ Ɔ ƫƫƧƭ Ʃƪ Ɯ ƑƟƭơƪơƲ ưƥƱƩƥƷƯƬƝƭƹƭ ƑƫƧƱƯƶƯƱƟƥƲ ưƱƯƺƼƭƴƯƲ ƂƭƴƩƬƥƴƾưƩƳƧ ưƱƯƢƫƧƬƜƴƹƭ ƑƱƯƤƩơƣƱơƶƝƲ ƓƽƭƤƥƳƧ ƳƵƳƴƞƬơƴƯƲ ƸƵƷơƣƹƣƟơƲ ƆƩƳơƣƹƣƞ ƑƥƱƩƥƷƼƬƥƭơ ƳƵƳƪƥƵơƳƟơƲ ƆưƩƳƪƼưƧƳƧ ƴƧƲ ƪƽƱƩơƲ ƬƯƭƜƤơƲ ƏƥƪƩƭƞƳƴƥ ƔƯưƯƨƝƴƧƳƧ ƬươƴơƱƩƾƭ ƓƽƭƤƥƳƧ ƳƴƯ ƱƥƽƬơ ƆƭƥƱƣƯưƯƟƧƳƧ ƒƽƨƬƩƳƧ ƾƱơƲ ƪơƩ ƧƬƥƱƯƬƧƭƟơƲ ƂƭơươƱơƣƹƣƞ ƂƭơươƱơƣƹƣƞ ơưƼ L3RG L3KRQH L3DG ƂƭơươƱơƣƹƣƞ ơưƼ ƥƮƹƴƥƱƩƪƞ ƳƵƳƪƥƵƞ ƂƪƱƼơƳƧ ƱơƤƩƯƶƾƭƯƵ ƓƵƭƴƯ
ƓƧƬơƭƴƩƪƼ ƑƱƯƥƩƤƯưƯƟƧƳƧ ƍƧƭ ơƶơƩƱƥƟƴƥ ưƯƴƝ ƴƯ ưƥƱƟƢƫƧƬơ ƴƧƲ ƳƵƳƪƥƵƞƲ ƍƧƭ ƫƩươƟƭƥƴƥ ƪơƭƝƭơ ƴƬƞƬơ ơƵƴƞƲ ƴƧƲ ƳƵƳƪƥƵƞƲ ƍƧƭ ƴƯưƯƨƥƴƥƟƴƥ ƴƧ ƳƵƳƪƥƵƞ ưƜƭƹ Ƴƥ ƜƫƫƯ ƧƫƥƪƴƱƩƪƼ ƥƮƯưƫƩƳƬƼ ƂƳƶƜƫƥƩơ ƂƭơƣƭƾƱƩƳƧ ƳƵƬƢƼƫƹƭ ơƳƶơƫƥƟơƲ ƶƹƲ ƣƵƬƭƞ ƶƫƼƣơ ƞ ƨƥƱƬƼƴƧƴơ ƃƥƢơƩƹƨƥƟƴƥ ƼƴƩ ƝƷƥƴƥ ưƜƭƴơ ƥƽƪƯƫƧ ưƱƼƳƢơƳƧ ƳƴƯ ƪơƫƾƤƩƯ ƱƥƽƬơƴƯƲ ƳƴƯ ƢƽƳƬơ ƞ ƳƴƯƭ ưƱƯƳơƱƬƯƣƝơ ƣƩơ ƭơ ơưƯƳƵƭƤƝƥƴƥ ƴƧ ƳƵƳƪƥƵƞ ơưƼ ƴƯ ƱƥƽƬơ Ǝơ ƷƱƧƳƩƬƯưƯƩƥƟƴƥ ƬƼƭƯ ƴƩƲ ưƧƣƝƲ ƴƱƯƶƯƤƯƳƟơƲ ưƯƵ ơƭơƣƱƜƶƯƭƴơƩ ƳƴƯ ƥƣƷƥƩƱƟƤƩƯ ƷƱƞƳƧƲ ƑƱƯƳ
ƆƜƭ Ƨ ƨƞƪƧ Ƥƥƭ ƬưƯƱƥƟ ƭơ ơƳƶơƫƟƳƥƩ ƪơƫƜ ƤƩơƪƼƸƴƥ ơƬƝƳƹƲ ƴƧ ƷƱƞƳƧ ƴƯƵ ưƱƯƺƼƭƴƯƲ ƋƱơƴƞƳƴƥ ƴƧ ƳƵƳƪƥƵƞ ƬơƪƱƩƜ ơưƼ ươƩƤƩƜ ƪơƩ ƥưƩƪƯƩƭƹƭƞƳƴƥ Ƭƥ ƴƯƭ ƪơƴơƳƪƥƵơƳƴƞ ƐƩ ƬươƴơƱƟƥƲ ươƪƝƴƯ ƬươƴơƱƩƾƭ ƞ ƥƣƪơƴƥƳƴƧƬƝƭƥƲ ƬươƴơƱƟƥƲ Ƥƥƭ ưƱƝưƥƩ ƭơ ƥƪƴƟƨƥƭƴơƩ Ƴƥ ƵưƥƱƢƯƫƩƪƞ ƨƥƱƬƼƴƧƴơ ƼưƹƲ ƞƫƩƯ ƶƹƴƩƜ ƪ ƫư ƑƒƐƆƊƅƐƑƐƊƈƓƈ ƣƩơ ƴƧ ƷƱƞƳƧ ƴƧƲ ƬươƴơƱƟơƲ ² ƑƱƯƲ ơưƯƶƵƣƞ ƤƩơƱƱƯƞƲ ƴƯƵ ƵƣƱƯƽ ƴƧƲ ƬươƴơƱƟơƲ ưƯƵ ƬưƯƱƥƟ ƭơ ưƱƯƪơƫƝƳƥƩ ƴƱơƵƬơƴƩƳƬƼ ƪơƴơƳƴƱƯƶƞ ƩƤƩƯƪƴƧƳƟơƲ ƞ ƢƫƜƢƧ ƳƴƯ ƴƧƫƥƷƥƩƱƩƳƴƞƱƩƯ ƔƯưƯƨƥƴƥƟƴƥ ƴƩƲ Ƭư
ƔƯ ưƱƯƺƼƭ ƳơƲ ưƥƱƩƝƷƥƩ ƬươƴơƱƟƥƲ ƯƩ ƯưƯƟƥƲ ƪơƫƽưƴƯƭƴơƩ ơưƼ ƴƧƭ ƆƵƱƹươƺƪƞ ƐƤƧƣƟơ ƆƋ ƪơƩ Ƥƥƭ ƬưƯƱƯƽƭ ƭơ ơưƯƱƱƩƶƨƯƽƭ ƬơƦƟ Ƭƥ ƴơ ƳƵƭƧƨƩƳƬƝƭơ ƯƩƪƩơƪƜ ơưƯƱƱƟƬƬơƴơ ƆƭƧƬƥƱƹƨƥƟƴƥ ƳƷƥƴƩƪƜ Ƭƥ ƴƧƭ ƩƳƷƽƯƵƳơ ƴƯưƩƪƞ ƭƯƬƯƨƥƳƟơ ƣƩơ ƴƧ ƷƹƱƩƳƴƞ ƳƵƫƫƯƣƞ ƬươƴơƱƩƾƭ ƪơƨƾƲ Ƨ ƳƹƳƴƞ ƬƝƨƯƤƯƲ ơưƼƱƱƩƸƧƲ ƴƹƭ ƬươƴơƱƩƾƭ ƳƵƬƢƜƫƫƥƩ ƳƴƧƭ ơưƯƶƵƣƞ ơƱƭƧƴƩƪƾƭ ƥưƩưƴƾƳƥƹƭ ƣƩơ ƴƯ ưƥƱƩƢƜƫƫƯƭ ƪơƩ ƴƧƭ ơƭƨƱƾưƩƭƧ ƵƣƥƟơ ƑƫƧƱƯƶƯƱƟƥƲ ƳƷƥƴƩƪƜ Ƭƥ ƴƧƭ ưƱƯƳƴơƳƟơ ƴƯƵ ưƥƱƩƢƜƫƫƯƭƴƯƲ ƋƜƨƥ ưƥƱƩƴƴƼ ƳƴƯƩƷƥƟƯ ƳƵƳƪƥƵơƳƟơƲ ƝƷƥƩ ươƱơƫƧƶƨƥƟ ƈ ƳƵƳƪƥƵ
Ɔ ƫƫƧƭ Ʃƪ Ɯ ƓƽƭƤƥƳƧ ƳƵƳƴƞƬơƴƯƲ ƸƵƷơƣƹƣƟơƲ ƓƵƣƷơƱƧƴƞƱƩơ ƣƩơ ƴƧƭ ơƣƯƱƜ ƳơƲ ƪơƩ ƪơƫƹƳƯƱƟƳơƴƥ ƳƴƧ 3KLOLSV ƄƩơ ƭơ ƥưƹƶƥƫƧƨƥƟƴƥ ưƫƞƱƹƲ ơưƼ ƴƧƭ ƵưƯƳƴƞƱƩƮƧ ưƯƵ ưƱƯƳƶƝƱƥƩ Ƨ 3KLOLSV ƪơƴơƷƹƱƞƳƴƥ ƴƯ ưƱƯƺƼƭ ƳơƲ ƳƴƧ ƤƩƥƽƨƵƭƳƧ ZZZ SKLOLSV FRP ZHOFRPH ƆƩƳơƣƹƣƞ ƍƥ ơƵƴƞƭ ƴƧ ƬƯƭƜƤơ ƬưƯƱƥƟƴƥ ƭơ ơưƯƫơƬƢƜƭƥƴƥ ƴƧƭ ơƣơưƧƬƝƭƧ ƳơƲ ƬƯƵƳƩƪƞ ơưƼ L3RG L3KRQH L3DG ƪơƩ ƭơ ơƪƯƽƴƥ ƱơƤƩƼƶƹƭƯ ƞ ƬƯƵƳƩƪƞ ơưƼ ƜƫƫƥƲ ƳƵƳƪƥƵƝƲ ƞƷƯƵ ƔƯ L3RG L3KRQH L3DG ƪơƩ ƴơ ƱơƤƩƼƶƹƭơ ƬưƯƱƯƽƭ ƭơ ƯƱƩƳƴƯƽƭ ƹƲ ưƧƣƝƲ ƞƷƯƵ ơƶƽưƭƩƳƧƲ ƍưƯƱƥƟƴƥ ƥưƟƳ
ƆưƩƳƪƼưƧƳƧ ƴƧƲ ƪƽƱƩơƲ ƬƯƭƜƤơƲ FM ANTENNA q p AC ~ AU D I O I N o n m a VOL b c SET TIME TUNE PRE SET PROG SCAN PRE SET d j TUNE VOL i e AL 1 l k SNOOZE AL 2 BRIGHTNESS f f h g a 92/ 92/ ƂƽƮƧƳƧ ƬƥƟƹƳƧ ƴƧƲ ƝƭƴơƳƧƲ ƴƯƵ ƞƷƯƵ '2&.
d 352* 6&$1 ƑƱƯƣƱơƬƬơƴƩƳƬƼƲ ƱơƤƩƯƶƹƭƩƪƾƭ ƳƴơƨƬƾƭ ƂƵƴƼƬơƴƧ ƳƜƱƹƳƧ ƣƩơ ƱơƤƩƯƶƹƭƩƪƯƽƲ ƳƴơƨƬƯƽƲ Ɠƥ ƫƥƩƴƯƵƱƣƟơ ƢƜƳƧƲ ươƴƞƳƴƥ ươƱơƴƥƴơƬƝƭơ ƣƩơ ơƭơƦƞƴƧƳƧ ƬƝƳơ Ƴƥ Ɲƭơ ƪƯƬƬƜƴƩ e 6285&( ƑơƴƞƳƴƥ ươƱơƴƥƴơƬƝƭơ ƣƩơ ƥƭƥƱƣƯưƯƟƧƳƧ ƴƧƲ ƬƯƭƜƤơƲ ƞ ƬƥƴƜƢơƳƧ Ƴƥ ƫƥƩƴƯƵƱƣƟơ ơƭơƬƯƭƞƲ ƅƩơƪƯưƞ ơƶƽưƭƩƳƧƲ ƆưƩƫƯƣƞ ưƧƣƞƲ '2&. '2&. )0 ƞ $8',2 ,1 f $/ $/ k 2. '2&.
ƏƥƪƩƭƞƳƴƥ ƑƱƯƳƯƷƞ ƈ ƷƱƞƳƧ ƤƩơƶƯƱƥƴƩƪƾƭ ƷƥƩƱƩƳƴƧƱƟƹƭ ƞ ưƱƯƳơƱƬƯƣƾƭ ƞ Ƨ ƥƶơƱƬƯƣƞ ƤƩơƤƩƪơƳƩƾƭ ƤƩơƶƯƱƥƴƩƪƾƭ ơưƼ ơƵƴƝƲ ưƯƵ ƵưƯƤƥƩƪƭƽƯƭƴơƩ ƳƴƯ ươƱƼƭ ƥƣƷƥƩƱƟƤƩƯ ƬưƯƱƥƟ ƭơ ưƱƯƪơƫƝƳƥƩ ƥưƩƪƟƭƤƵƭƧ ƝƪƨƥƳƧ Ƴƥ ơƪƴƩƭƯƢƯƫƟơ ƞ ƜƫƫƥƲ ƬƧ ơƳƶơƫƥƟƲ ƫƥƩƴƯƵƱƣƟƥƲ ƂƪƯƫƯƵƨƥƟƴƥ ưƜƭƴơ ƴƩƲ ƯƤƧƣƟƥƲ ƳƴƯ ươƱƼƭ ƪƥƶƜƫơƩƯ Ƭƥ ƴƧ ƳƥƩƱƜ ưƯƵ ơƭơƶƝƱƯƭƴơƩ ƆƜƭ ƥưƩƪƯƩƭƹƭƞƳƥƴƥ Ƭƥ ƴƧ 3KLOLSV ƨơ ƳơƲ ƦƧƴƧƨƥƟ Ư ơƱƩƨƬƼƲ ƬƯƭƴƝƫƯƵ ƪơƩ Ư ơƱƩƨƬƼƲ ƳƥƩƱƜƲ ƴƧƲ ƳƵƳƪƥƵƞƲ Ɛ ơƱƩƨƬƼƲ ƬƯƭƴƝƫƯƵ ƪơƩ Ư ơƱƩƨƬƼƲ ƳƥƩƱƜƲ ƢƱƟƳƪƯƭƴơƩ ƳƴƯ ƪƜƴƹ ƬƝƱƯƲ ƴƧƲ ƳƵ
ƑơƴƞƳƴƥ ƪơƩ ƪƱơƴƞƳƴƥ ươƴƧƬƝƭƯ ƴƯ » ƈ ƬƯƭƜƤơ ƬƥƴơƢơƟƭƥƩ ƳƴƧƭ ƴƥƫƥƵƴơƟơ ƥưƩƫƥƣƬƝƭƧ ưƧƣƞ ƉƝƳƧ Ƴƥ ƪơƴƜƳƴơƳƧ ơƭơƬƯƭƞƲ ƑơƴƞƳƴƥ ƮơƭƜ ươƱơƴƥƴơƬƝƭơ ƣƩơ ƬƥƴƜƢơƳƧ ƴƧƲ ƬƯƭƜƤơƲ Ƴƥ ƫƥƩƴƯƵƱƣƟơ ơƭơƬƯƭƞƲ » ƈ ƾƱơ ƪơƩ Ƨ ƧƬƥƱƯƬƧƭƟơ ƥƜƭ ƝƷƯƵƭ ƱƵƨƬƩƳƴƥƟ ƥƬƶơƭƟƦƯƭƴơƩ ƳƴƧƭ ƯƨƼƭƧ ƥƭƤƥƟƮƥƹƭ ƓƵƬƢƯƵƫƞ Ɠƥ ƬƯƱƶƞ ƹƱƾƭ ƥƬƶơƭƟƦƥƴơƩ Ƨ ƝƭƤƥƩƮƧ >0217+ '$<@ Ƴƥ ƬƯƱƶƞ ƹƱƾƭ ƥƬƶơƭƟƦƥƴơƩ Ƨ ƝƭƤƥƩƮƧ >'$< 0217+@ ƓƧƬƥƟƹƳƧ žƴơƭ ƥƟƭơƩ ƳƵƭƤƥƤƥƬƝƭƯ ƪƜưƯƩƯ L3RG L3KRQH L3DG Ƨ ƬƯƭƜƤơ ƳƽƭƤƥƳƧƲ ƳƵƣƷƱƯƭƟƦƥƩ ơƵƴƼƬơƴơ ƴƧƭ
ƂƭơươƱơƣƹƣƞ ƂƭơươƱơƣƹƣƞ ơưƼ L3RG L3KRQH L3DG ƍưƯƱƥƟƴƥ ƭơ ơưƯƫơƽƳƥƴƥ ƞƷƯ ơưƼ L3RG L3KRQH L3DG ƬƝƳƹ ƴƧƲ ƬƯƭƜƤơƲ ƓƵƬƢơƴƼƴƧƴơ Ƭƥ L3RG L3KRQH L3DG ƈ ƥƭƳƹƬơƴƹƬƝƭƧ ƤƩưƫƞ ƢƜƳƧ ƵưƯƳƴƧƱƟƦƥƩ ƴơ ơƪƼƫƯƵƨơ ƬƯƭƴƝƫơ L3RG L3KRQH ƪơƩ L3DG 0DGH IRU ƃƜƳƧ L3RG QDQR ƧƲ ƣƥƭƩƜƲ L3RG WRXFK ƧƲ ƣƥƭƩƜƲ L3DG ƧƲ ƣƥƭƩƜƲ L3DG PLQL L3KRQH 0DGH IRU ƃƜƳƧ L3RG QDQR ƧƲ ƧƲ ƧƲ ƧƲ ƧƲ ƣƥƭƩƜƲ L3RG FODVVLF L3RG WRXFK ƧƲ ƧƲ ƧƲ ƧƲ ƣƥƭƩƜƲ L3DG ƧƲ ƣƥƭƩƜƲ L3DG
Ɔ ƫƫƧƭ Ʃƪ Ɯ ƂƭơươƱơƣƹƣƞ ơưƼ ƥƮƹƴƥƱƩƪƞ ƳƵƳƪƥƵƞ ƍƝƳƹ ƴƧƲ ƬƯƭƜƤơƲ ơƵƴƞƲ ƬưƯƱƥƟƴƥ ƥưƟƳƧƲ ƭơ ơƪƯƽƳƥƴƥ ƞƷƯ ưƯƵ ơƭơươƱƜƣƥƴơƩ ơưƼ ƥƮƹƴƥƱƩƪƞ ƳƵƳƪƥƵƞ ƞƷƯƵ ƑơƴƞƳƴƥ ƥươƭƥƩƫƧƬƬƝƭơ 6285&( ƣƩơ ƭơ ƥưƩƫƝƮƥƴƥ ƴƧƭ ưƧƣƞ $8',2 ,1 ƓƵƭƤƝƳƴƥ Ɲƭơ ƪơƫƾƤƩƯ ƥƩƳƼƤƯƵ ƞƷƯƵ ƷƩƫ Ƥƥƭ ươƱƝƷƥƴơƩ ƳƴƧƭ ƵưƯƤƯƷƞ $8',2 ,1 ƷƩƫƩƯƳƴƾƭ ưƯƵ ƢƱƟƳƪƥƴơƩ ƳƴƯ ưƟƳƹ ƬƝƱƯƲ ƴƧƲ ƬƯƭƜƤơƲ ƳƴƧƭ ƵưƯƤƯƷƞ ơƪƯƵƳƴƩƪƾƭ ƬƩơƲ ƥƮƹƴƥƱƩƪƞƲ ƳƵƳƪƥƵƞƲ » ƈ ƯƨƼƭƧ ƥƬƶơƭƟƦƥƩ Ɲƭơ ƪƵƫƩƼƬƥƭƯ ƬƞƭƵƬơ >$8',2 ,1@ ƪơƩ ƤƥƟƷƭƥƩ ƴƧƭ ƧƬƥƱƯƬƧƭƟơ ƪơƩ
ƂƪƱƼơƳƧ ƱơƤƩƯƶƾƭƯƵ ƓƧƬƥƟƹƳƧ ƍƼƭƯ Ƨ ƱơƤƩƯƶƹƭƩƪƞ ƫƞƸƧ )0 ƥƟƭơƩ ƤƩơƨƝƳƩƬƧ ƳƴƧ ƑƱƯƣƱơƬƬơƴƩƳƬƼƲ ƱơƤƩƯƶƹƭƩƪƾƭ ƳƴơƨƬƾƭ ƈ ưƱƯƥưƩƫƯƣƞ ƱơƤƩƯƶƹƭƩƪƯƽ ƳƴơƨƬƯƽ ƥưƩƴƱƝưƥƩ ƴƧƭ ơưƯƨƞƪƥƵƳƧ ƱơƤƩƯƶƹƭƩƪƾƭ ƳƴơƨƬƾƭ ƪơƩ ƴƯ ƣƱƞƣƯƱƯ ƳƵƭƴƯƭƩƳƬƼ Ƴƥ Ɲƭơƭ ơƣơưƧƬƝƭƯ ƳơƲ ƳƴơƨƬƼ ƬƯƭƜƤơ ƓƧƬƥƟƹƳƧ ƓƴƧ ƫƟƳƴơ ưƱƯƥưƩƫƯƣƾƭ ƬưƯƱƯƽƭ ƭơ ơưƯƨƧƪƥƵƴƯƽƭ ƓƵƭƴƯƭƩƳƬƼƲ Ƴƥ ƱơƤƩƯƶƹƭƩƪƼ ƳƴơƨƬƼ ƓƵƬƢƯƵƫƞ ƝƹƲ ƪơƩ ƳƴơƨƬƯƟ Ƃƭ Ƨ ƫƟƳƴơ ưƱƯƥưƩƫƯƣƾƭ ƥƟƭơƩ ưƫƞƱƧƲ ƳƴƧƭ ƯƨƼƭƧ ƨơ ƥƬƶơƭƩƳƴƥƟ Ƨ ƝƭƤƥƩƮƧ 3 ƆƜƭ ƣƟƭƥƩ ơưƯƨƞƪƥƵƳƧ ƱơƤƩƯƶƹ
ƑơƴƞƳƴƥ ƥươƭƥƩƫƧƬƬƝƭơ 6285&( ƣƩơ ƥƟƳƯƤƯ ƳƴƧ ƫƥƩƴƯƵƱƣƟơ )0 ƑơƴƞƳƴƥ ƪơƩ ƪƱơƴƞƳƴƥ ươƴƧƬƝƭƯ ƴƯ 352* 6&$1 » ƓƴƧƭ ƯƨƼƭƧ ƥƬƶơƭƟƦƥƴơƩ Ƨ ƝƭƤƥƩƮƧ >$872@ ƂƵƴƼƬơƴƧ » ƈ ƬƯƭƜƤơ ƮƥƪƩƭƜ ƴƧ ƳƜƱƹƳƧ ƣƩơ ƼƫƯƵƲ ƴƯƵƲ ƤƩơƨƝƳƩƬƯƵƲ ƱơƤƩƯƶƹƭƩƪƯƽƲ ƳƴơƨƬƯƽƲ ƪơƩ ƴƯƵƲ ơưƯƨƧƪƥƽƥƩ ƳƴƧ ƫƟƳƴơ ưƱƯƥưƩƫƯƣƾƭ Ɔ ƫƫƧƭ Ʃƪ Ɯ ƂƵƴƼƬơƴƯƲ ưƱƯƣƱơƬƬơƴƩƳƬƼƲ ƱơƤƩƯƶƹƭƩƪƾƭ ƳƴơƨƬƾƭ ƑƥƱƩƬƝƭƥƴƥ ƝƹƲ ƼƴƯƵ ƭơ ƯƫƯƪƫƧƱƹƨƥƟ Ƨ ơƵƴƼƬơƴƧ ƳƜƱƹƳƧ » ƍƥƴơƤƟƤƥƴơƩ ơƵƴƼƬơƴơ Ư ưƱƾƴƯƲ ƳƴơƨƬƼƲ ƳƴƧ ƫƟƳƴơ ưƱƯƥưƩƫƯƣƾƭ ƆưƩƫƯƣƞ ưƱƯƥưƩƫƥƣƬƝƭƯƵ ƱơƤƩƯƶ
ŹƫƫƥƲ ƫƥƩƴƯƵƱƣƟƥƲ ƒƽƨƬƩƳƧ ơƶƽưƭƩƳƧƲ ƍưƯƱƥƟƴƥ ƭơ ƱƵƨƬƟƳƥƴƥ ƤƽƯ ơƶƵưƭƟƳƥƩƲ Ƴƥ ƤƩơƶƯƱƥƴƩƪƝƲ ƾƱƥƲ ƓƧƬƥƟƹƳƧ ƃƥƢơƩƹƨƥƟƴƥ ƼƴƩ ƝƷƥƴƥ ƱƵƨƬƟƳƥƩ ƴƯ ƱƯƫƼƩ ƳƹƳƴƜ ƑơƴƞƳƴƥ ươƱơƴƥƴơƬƝƭơ $/ ƞ $/ » Ɣơ ƸƧƶƟơ ƴƧƲ ƾƱơƲ ơƱƷƟƦƯƵƭ ƭơ ơƭơƢƯƳƢƞƭƯƵƭ ƪơƩ ơƪƯƽƣƥƴơƩ ƝƭơƲ ƷơƱơƪƴƧƱƩƳƴƩƪƼƲ ƞƷƯƲ ©ƬưƩưª » ƓƴƧƭ ƯƨƼƭƧ ơƭơƢƯƳƢƞƭƥƩ Ƨ ƝƭƤƥƩƮƧ >$/ 6(7@ ƈ ơƶƽưƭƩƳƧ ƱƵƨƬƟƳƴƧƪƥ ƑơƴƞƳƴƥ ƥươƭƥƩƫƧƬƬƝƭơ 781( 781( ƣƩơ ƭơ ƱƵƨƬƟƳƥƴƥ ƴƧƭ ƾƱơ ƑơƴƞƳƴƥ 2.
žƴơƭ Ƨ ơƶƽưƭƩƳƧ ƧƷƥƟ ươƴƞƳƴƥ ƴƯ ơƭƴƟƳƴƯƩƷƯ $/ ƞ $/ » ƈ ơƶƽưƭƩƳƧ ƳƴơƬơƴƜ ơƫƫƜ ƯƩ ƱƵƨƬƟƳƥƩƲ ơƶƽưƭƩƳƧƲ ươƱơƬƝƭƯƵƭ ƓƵƬƢƯƵƫƞ ƍưƯƱƥƟƴƥ ƥưƟƳƧƲ ƭơ ươƴƞƳƥƴƥ ƣƩơ ƭơ ƤƩơƪƼƸƥƴƥ ƴƧƭ ơƶƽưƭƩƳƧ ƈ ƬƯƭƜƤơ ƨơ ƬƥƴơƢƥƟ ƳƴƧƭ ƴƥƫƥƵƴơƟơ ƥưƩƫƥƣƬƝƭƧ ưƧƣƞ Ƃƭ ươƴƞƳƥƴƥ ươƱơƴƥƴơƬƝƭơ ƴƯ Ƨ ơƶƽưƭƩƳƧ ƨơ ƤƩơƪƯưƥƟ ƪơƩ Ƨ ƬƯƭƜƤơ ƨơ ƬƥƴơƢƥƟ ƳƴƧ ƫƥƩƴƯƵƱƣƟơ ơƭơƬƯƭƞƲ ƆƜƭ Ƥƥƭ ƳƴơƬơƴƞƳƥƴƥ ƴƧƭ ơƶƽưƭƩƳƧ ƨơ ƧƷƥƟ ƣƩơ ƫƥưƴƜ žƴơƭ ƧƷƥƟ ƬƩơ ơƶƽưƭƩƳƧ ƨơ ƮƥƪƩƭƞƳƥƩ ơưƼ ƳƷƥƴƩƪƜ ƷơƬƧƫƞ ƝƭƴơƳƧ ƞƷƯƵ ƪơƩ ƨơ ƤƵƭơƬƾƭƥƩ ƳƴơƤƩơƪƜ
ƑƱƯƳơƱƬƯƣƞ ƞƷƯƵ ƑƱƯƳơƱƬƯƣƞ ƥưƩưƝƤƯƵ ƝƭƴơƳƧƲ ƋơƴƜ ƴƧ ƤƩƜƱƪƥƩơ ƴƧƲ ơƭơươƱơƣƹƣƞƲ ươƴƞƳƴƥ 92/ ƣƩơ ƭơ ơƵƮƞƳƥƴƥ ƬƥƩƾƳƥƴƥ ƴƧƭ ƝƭƴơƳƧ ƴƯƵ ƞƷƯƵ ƢƞƬơ ưƱƯƲ ƢƞƬơ ƓƵƬƢƯƵƫƞ ƑơƴƞƳƴƥ ươƱơƴƥƴơƬƝƭơ 92/ ƣƩơ ƭơ ơƵƮƞƳƥƴƥ ƬƥƩƾƳƥƴƥ ƴƧƭ ƝƭƴơƳƧ ƴƯƵ ƞƷƯƵ ưƩƯ ƣƱƞƣƯƱơ ƆưƩƫƯƣƞ ƧƷƧƴƩƪƯƽ ƥƶƝ ƋơƴƜ ƴƧ ƤƩƜƱƪƥƩơ ƴƧƲ ơƭơươƱơƣƹƣƞƲ ươƴƞƳƴƥ ƥươƭƥƩƫƧƬƬƝƭơ 6(7 7,0( ƣƩơ ƭơ ƥưƩƫƝƮƥƴƥ Ɲƭơ ưƱƯƪơƨƯƱƩƳƬƝƭƯ ƧƷƧƴƩƪƼ ƥƶƝ ƪơƩ ƭơ ƥƭƥƱƣƯưƯƩƞƳƥƴƥ ơưƥƭƥƱƣƯưƯƩƞƳƥƴƥ ƴƧ ƤƵƭơƬƩƪƞ ƥƭƟƳƷƵƳƧ ƬưƜƳƹƭ ƓƧƬƥƟƹƳƧ ƈ ƬƯƭƜƤơ ƵưƯƳƴƧƱƟƦƥƩ ƴơ ươƱơƪ
ƓƧƬƥƟƹƳƧ ƐƩ ưƫƧƱƯƶƯƱƟƥƲ ưƱƯƺƼƭƴƯƲ ƵưƼƪƥƩƭƴơƩ Ƴƥ ơƫƫơƣƞ ƷƹƱƟƲ ưƱƯƥƩƤƯưƯƟƧƳƧ ƑƱƯƤƩơƣƱơƶƝƲ ƄƥƭƩƪƝƲ ưƫƧƱƯƶƯƱƟƥƲ ƒƥƽƬơ $& 9a +] : ƋơƴơƭƜƫƹƳƧ ƥƭƝƱƣƥƩơƲ Ƴƥ ƫƥƩƴƯƵƱƣƟơ ƋơƴơƭƜƫƹƳƧ ƱƥƽƬơƴƯƲ ƪơƴƜ ƴƧƭ : ơƭơƬƯƭƞ ưƱƯƢƯƫƞ ƾƱơƲ ƅƩơƳƴƜƳƥƩƲ [ [ ƷƩƫ ² ƋƽƱƩơ ƬƯƭƜƤơ Ƒ [ ƕ [ ƃ ƃƜƱƯƲ ƋƽƱƩơ ƬƯƭƜƤơ ƷƹƱƟƲ ƴƧ ƪƩƫƜ ƳƵƳƪƥƵơƳƟơ ƆƭƩƳƷƵƴƞƲ ƓƵƭƯƫƩƪƞ ƩƳƷƽƲ ƥƮƼƤƯƵ ƂưƼƪƱƩƳƧ ƳƵƷƭƼƴƧƴơƲ ƌƼƣƯƲ ƳƞƬơƴƯƲ ưƱƯƲ ƨƼƱƵƢƯ ƆƟƳƯƤƯƲ $X[ ƥƟƳƯƤƯƲ ƞƷƯƵ : +] .
ƂƭƴƩƬƥƴƾưƩƳƧ ưƱƯƢƫƧƬƜƴƹƭ ƑƱƯƳƯƷƞ ƍƧƭ ơƶơƩƱƥƟƴƥ ưƯƴƝ ƴƯ ưƥƱƟƢƫƧƬơ ƴƧƲ ƳƵƳƪƥƵƞƲ ƄƩơ ƭơ ƥƮơƪƯƫƯƵƨƥƟ ƭơ ƩƳƷƽƥƩ Ƨ ƥƣƣƽƧƳƧ ƬƧƭ ƥưƩƷƥƩƱƞƳƥƴƥ ƭơ ƥưƩƤƩƯƱƨƾƳƥƴƥ ƴƯ ƳƽƳƴƧƬơ ƬƼƭƯƩ ƳơƲ ƆƜƭ ơƭƴƩƬƥƴƹưƟƳƥƴƥ ưƱƯƢƫƞƬơƴơ ƪơƴƜ ƴƧ ƷƱƞƳƧ ƴƧƲ ƳƵƳƪƥƵƞƲ ƥƫƝƣƮƴƥ ƴơ ươƱơƪƜƴƹ ƳƧƬƥƟơ ưƱƩƭ ƦƧƴƞƳƥƴƥ ƥưƩƳƪƥƵƞ ƆƜƭ ƴƯ ưƱƼƢƫƧƬơ ƥƮơƪƯƫƯƵƨƥƟ ƭơ ƵƶƟƳƴơƴơƩ ƥưƩƳƪƥƶƨƥƟƴƥ ƴƧƭ ƩƳƴƯƳƥƫƟƤơ ƴƧƲ SKLOLSV ZZZ SKLOLSV FRP VXSSRUW žƴơƭ ƥưƩƪƯƩƭƹƭƥƟƴƥ Ƭƥ ƴƧ SKLOLSV ƢƥƢơƩƹƨƥƟƴƥ ƼƴƩ ƢƱƟƳƪƥƳƴƥ ƪƯƭƴƜ ƳƴƧ ƳƵƳƪƥƵƞ ƪơƩ ƼƴƩ ƝƷƥƴƥ ƤƩơƨƝƳƩƬ
6SHFLILFDWLRQV DUH VXEMHFW WR FKDQJH ZLWKRXW QRWLFH :22; ,QQRYDWLRQV /LPLWHG $OO ULJKWV UHVHUYHG 3KLOLSV DQG WKH 3KLOLSV· 6KLHOG (PEOHP DUH UHJLVWHUHG WUDGHPDUNV RI .RQLQNOLMNH 3KLOLSV 1 9 DQG DUH XVHG E\ :22; ,QQRYDWLRQV /LPLWHG XQGHU OLFHQVH IURP .