6WUXPLHåÃRGSDGÍZÃNRPXQDOQ\FKÃ.,ORçÞÃRGSDGÍZÃ SRZVWDMÜFDÃQDÃ WHUHQLHÃJPLQ\Ã. 8G]LDãÃ SURFHQWRZ\Ã

Transkrypt

1

2

3

4

5 /S 6WUXPLHåRGSDGÍZNRPXQDOQ\FK :VNDéQLNGODZVL SRZVWDMÜFDQD WHUHQLHJPLQ\ 8G]LDã SURFHQWRZ\ 2GSDG\NXFKHQQHXOHJDMÜFHELRGHJUDGDFML 2GSDG\]LHORQH 3DSLHULWHNWXUDQLHRSDNRZDQLRZH 2SDNRZDQLD]SDSLHUXLWHNWXU\ 2SDNRZDQLDZLHORPDWHULDãRZH 2SDNRZDQLD]WZRU]\ZV]WXF]Q\FK 7ZRU]\ZDV]WXF]QHQLHRSDNRZDQLRZH

6 7HNVW\OLD 6]NãRQLHRSDNRZDQLRZH 2SDNRZDQLD]HV]NãD 0HWDOH 2SDNRZDQLD]EODFK\VWDORZHM 2SDNRZDQLD]DOXPLQLXP 2GSDG\PLQHUDOQH 'UREQDIUDNFMD 2GSDG\ZLHONRJDEDU\WRZH 2GSDG\EXGRZODQH 2GSDG\QLHEH]SLHF]QH 5D]HP /S.RG 3DSLHUWHNWXUD 6]NãR 7ZRU]\ZDV]WXF]QH

7 /S.RG 6]NãR 7ZRU]\ZDV]WXF]QH 0HWDO /S 0DNXODWXUD 6]NãR 7ZRU]\ZDV]WXF]QH 0HWDO 7HNVW\OLD

8 /S.RG 1LHVHJUHJRZDQH]PLHV]DQHRGSDG\NRPXQDOQH,QQHRGSDG\QLHXOHJDMÜFHELRGHJUDGDFML *OHED]LHPLDZW\PNDPLHQLH 8VWDELOL]RZDQHNRPXQDOQHRVDG\çFLHNRZH

9 5RN /LF]EDPLHV]ND FyZ 3URFHQWRZH]PLDQ\ZVNDéQLNDHPLVMLRGSDGÍZ 1D]ZDVWUXPLHQLD GODREV]DUÍZZLHMVNLFK 2GSDG\RUJDQLF]QHURçOLQQH 2GSDG\RUJDQLF]QH]ZLHU]àFH 2GSDG\RUJDQLF]QHLQQH 2GSDG\]LHORQH 3DSLHULWHNWXUDQLHRSDNRZDQLRZH 2SDNRZDQLD]SDSLHUXLWHNWXU\ 2SDNRZDQLDZLHORPDWHULDãRZH 7ZRU]\ZDV]WXF]QHQLHRSDNRZDQLRZH 2SDNRZDQLD]WZRU]\ZV]WXF]Q\FK 7HNVW\OLD 6]NãRQLHRSDNRZDQLRZH 2SDNRZDQLD]HV]NãD 0HWDOH 2SDNRZDQLD]EODFK\VWDORZHM 2SDNRZDQLD]DOXPLQLXP 2GSDG\PLQHUDOQH 'UREQDIUDNFMDSRSLRãRZD 2GSDG\ZLHONRJDEDU\WRZH 2GSDG\EXGRZODQH 2GSDG\QLHEH]SLHF]QH

10 /S 2GSDG\NXFKHQQHXOHJDMÜFH ELRGHJUDGDFML 2GSDG\]LHORQH 3DSLHULWHNWXUDQLHRSDNRZDQLRZH 2SDNRZDQLD]SDSLHUXLWHNWXU\ 2SDNRZDQLDZLHORPDWHULDãRZH 2SDNRZDQLD]WZRU]\ZV]WXF]Q\FK 7ZRU]\ZDV]WXF]QH QLHRSDNRZDQLRZH 2SDNRZDQLD]HV]NãD 6]NãRQLHRSDNRZDQLRZH 0HWDOH 2SDNRZDQLD]EODFK\VWDORZHM 2SDNRZDQLD]DOXPLQLXP 2GSDG\WHNVW\OQH 2GSDG\PLQHUDOQH 'UREQDIUDNFMDSRNRMRZD 2GSDG\ZLHONRJDEDU\WRZH 2GSDG\EXGRZODQH 2GSDG\QLHEH]SLHF]QH 5D]HP

11

12

13 :\V]F]HJÍOQLHQLH 7ZRU]\ZDV]WXF]QH 3DSLHULWHNWXUD 6]NãR 0HWDOH 2SDNRZDQLDZLHORPDWHULDãRZH 5D]HPRSDNRZDQLD :\V]F]HJÍOQLHQLH 7ZRU]\ZDV]WXF]QH 3DSLHULWHNWXUD 6]NãR 0HWDOH 2SDNRZDQLDZLHORPDWHULDãRZH 5D]HPRSDNRZDQLD : \V]F]HJyOQLHQLH 2 GSDG\Z LHONRJDEDU\WRZ H 2 GSDG\EXGRZ ODQH 2 GSDG\QLHEH]SLHF]QH :\V]F]HJÍOQLHQLH,ORçÞZ\WZRU]RQ\FKRGSDGÍZ NRPXQDOQ\FK,ORçÞRGSDGÍZSR]RVWDã\FK SU]H]QDF]RQ\FKGRVNãDGRZDQLD ÈZ\WZRU]RQ\FK È È È È È È È È È È È

14

15

16

17 /S 1D]ZDSRGPLRWX JRVSRGDUF]HJR 5RG]DMRGSDGX.RG,ORçÞ Z0JURN 0DJSRO=HPEU]\FH WãXV]F]HSRJDUEDUVNLHQLH]DZLHUDMÜFHFKURPX FLHF]H L V]ODP\ JDUEDUVNLH QLH ]DZLHUDMÜFH FKURPX RGSDG\ ] SRGF]\V]F]DQLD çflhníz WHFKQRORJLF]Q\FK VWUXë\Q\SRJDUEDUVNLH çflqnlvníu\lf\sorzlq\ SRSLÍã]]DNãDGRZHMNRWãRZQL =DNãDGJDUEDUVNL :ãdg\vãdz7dodjd-dq %XFDãD=HPEU]\FH RGSDG\]PL]GURZDQLDZDSQLHQLD

18 =DNãDGJDUEDUVNL :ãdg\vãdz7dodjd-dq %XFDãD=HPEU]\FH =DNãDGJDUEDUVNL %ROHVãDZ*RãXFNL =HPEU]\FH =DNãDGJDUEDUVNL7DGHXV] )LGHOXV =HPEU]\FH =DNãDGJDUEDUVNL -DQL:LHVãDZ7DODJD =DNãDGJDUEDUVNL.DURO*OLåVNL =HPEU]\FH =DNãDGJDUEDUVNL 5RPDQ0XFKD =HPEU]\FH =DNãDGJDUEDUVNL-DQXV] æplhv]hn=hpeu]\fh =DNãDGVWRODUVNL$PDO =DNãDGVWRODUVNL :0DWXV]\N =DNãDGVWRODUVNL =6WDU] =DNãDGVWRODUVNL 9LVLRQ0HEHO RGSDG\]PL]GURZDQLDZDSQLHQLD RGSDG\]PL]GURZDQLDZDSQLHQLD RGSDG\]PL]GURZDQLDZDSQLHQLD RGSDG\]PL]GURZDQLDZDSQLHQLD RGSDG\]PL]GURZDQLDZDSQLHQLD RGSDG\]PL]GURZDQLDZDSQLHQLD RGSDG\]PL]GURZDQLDZDSQLHQLD WURFLQ\çFLQNLNDZDãNLGUHZQD WURFLQ\çFLQNLNDZDãNLGUHZQD WURFLQ\çFLQNLNDZDãNLGUHZQD WURFLQ\çFLQNLNDZDãNL GUHZQD 5D]HP /S 1D]ZDSRGPLRWX JRVSRGDUF]HJR 0$*32/=HPEU]\FH 1(:+27(/ =HPEU]\FH =DNãDG*DUEDUVNL -DQXV]æPLHV]HN =HPEU]\FH =DNãDG*DUEDUVNL 5RPDQ0XFKD =HPEU]\FH =DNãDG*DUEDUVNL.DURO*OLåVNL =HVSÍã*DUEDUVNL 7DODJD-DQL:LHVãDZ =HPEU]\FH 5RG]DMHRGSDGÍZ 6RUEHQW\PDWHULDã\ILOWUDF\MQH]DQLHF]\V]F]RQHVXEVWDQFMDPL QLHEH]SLHF]Q\PL]Xë\WHXU]ÜG]HQLD]DZLHUDMÜFHQLHEH]SLHF]QH HOHPHQW\ROHMHK\GUDXOLF]QHDNXPXODWRU\RãRZLRZH RSDNRZDQLD]DZLHUDMÜFHSR]RVWDãRçFLVXEVWDQFML QLHEH]SLHF]Q\FK 2GSDG\IDUELODNLHUÍZV]ODP\ZRGQH]DZLHUDMÜFH UR]SXV]F]DOQLNLRUJDQLF]QHWãXV]F]HLPLHV]DQLQ\ROHMÍZ] VHSDUDFMLçZLHWOÍZNLRGSDG\]DZLHUDMÜFHURSàQDIWRZÜOXEMHM SURGXNW\ROHMHVLOQLNRZHSU]HNãDGQLRZHLVPDURZHSã\Q\ ]DSRELHJDMÜFH]DPDU]DQLX 7ãXV]F]HSRJDUEDUVNLHçZLHWOÍZNL 7ãXV]F]HVXURZH 7ãXV]F]HVXURZH 7ãXV]F]HSRJDUEDUVNLHçZLHWOÍZNL,ORçÞ Z0JURN

19 =HVSÍã*DUEDUVNL 7ãXV]F]HSRJDUEDUVNLH 7DGHXV])LGHOX =HPEU]\FH =DNãDG*DUEDUVNL 7ãXV]F]HSRJDUEDUVNLHçZLHWOÍZNL %ROHVãDZ*RãXFNL =HPEU]\FH =DNãDG*DUEDUVNL 7ãXV]F]HSRJDUEDUVNLH :ãdg\vãdz7dodjd -DQ%XFDãD =HPEU]\FH =DNãDG*DUEDUVNL 7ãXV]F]HSRJDUEDUVNLH -DQXV]%DUW\]HO =HPEU]\FH =DNãDG*DUEDUVNL 7ãXV]F]HSRJDUEDUVNLHçZLHWOÍZNL 0LFKDã-DQLQD)LGHOXV %2*$57:\UREX] æzlhwoíznl 'UHZQD=HPEU]\FH $SWHND3U\ZDWQD 3U]HWHUPLQRZDQHLZ\FRIDQH]HVWRVRZDQLDFKHPLNDOLDLOHNL 6WDQLVãDZDêPXGND =HPEU]\FH 3U]\FKRGQLD=GURZLD 2GSDG\PHG\F]QH]GLDJQR]RZDQLDLOHF]HQLD Z=HPEU]\FDFK 5D]HP

20

21 /S 2SLVSU]HGVLàZ]LàFLD 6]DFXQNRZH NRV]W\Z3/1 3RWHQFMDOQHéUÍGãD ILQDQVRZDQLD,QZHVW\FMHZUDPDFK=DNãDGX=DJRVSRGDURZDQLD2GSDGÍZ XZ]JOàGQLRQRVNãDGNàZZ\VRNRçFLW\VURF]QLH %XGRZDLQVWDODFMLGHPRQWDëXLRG]\VNXRGSDGÍZ ZLHONRJDEDU\WRZ\FK æurgnlzãdvqh %XGRZDLQVWDODFMLRG]\VNXRGSDGÍZEXGRZODQ\FK /LNZLGDFMDLUHNXOW\ZDFMDG]LNLFKZ\V\SLVN 8QLHV]NRGOLZLDQLHRGSDGÍZ]DZLHUDMÜF\FKD]EHVW æurgnlzãdvqhixqgxv]h HNRORJLF]QH *PLQQ\)XQGXV]2FKURQ\ æurgrzlvnd 5D]HP /S 2SLVSU]HGVLàZ]LàFLD 6]DFXQNRZH NRV]W\Z3/1 3RWHQFMDOQHéUÍGãDILQDQVRZDQLD,QZHVW\FMHZUDPDFK=DNãDGX =DJRVSRGDURZDQLD2GSDGÍZZ6XFKHM %HVNLG]NLHMXZ]JOàGQLRQRVNãDGNà URF]QÜZZ\VRNRçFLW\V]ã æurgnlzãdvqhixqgxv]hhnrorjlf]qh 5R]EXGRZDVRUWRZQL %XGRZD,,NZDWHU\VNãDGRZLVND 5HNXOW\ZDFMD,NZDWHU\VNãDGRZLVND %XGRZDSXQNWX]ELÍUNLLJURPDG]HQLD RGSDGÍZQLHEH]SLHF]Q\FK /LNZLGDFMDG]LNLFKZ\V\SLVN æurgnlzãdvqhixqgxv]hhnrorjlf]qh 5D]HP

22 LH Q U D LH E ] U W R S V Q D WU D Z U R D G R S V R J D ] LH Q :\V]F]HJyOQLHQLH SR]RVWDáHRGSDG\NRPXQDOQH IUDNFMDRUJDQLF]QD VXURZFHZWyUQH UD]HP SR]RVWDáHRGSDG\NRPXQDOQH IUDNFMDRUJDQLF]QD VXURZFHZWyUQH UD]HP VRUWRZDQLHVXURZFyZZWyUQ\FK NRPSRVWRZDQLH VNáDGRZDQLH UD]HP à F]QLH]á 2GSDG\ EXGRZODQH :\V]F]HJÍOQLHQLH =ELHUDQLHLZ\ZÍ] RG]\VNL ]DJRVSRGDURZDQLD 2GSDG\ =ELHUDQLHLZ\ZÍ] ZLHONRJDEDU\WRZH RG]\VNL ]DJRVSRGDURZDQLH 2GSDG\ ]ELHUDQLHLZ\ZÍ] QLHEH]SLHF]QH RG]\VNL ]DJRVSRGDURZDQLH 5D]HP]ã

23 5RN.RV]W\RJÍãHP]ã 1DPLHV]NDåFDURN 1D0JRGSDGÍZ /S 2SLVSU]HGVLàZ]LàFLD 2NUHV 6]DFXQNRZHNRV]W\Z3/1 3RWHQFMDOQHéUÍGãD UHDOL]DFML ILQDQVRZDQLD 2SUDFRZDQLH JPLQQHJR æurgnlzãdvqh SODQXJRVSRGDUNLRGSDGDPL *)2æL*: (GXNDFMDHNRORJLF]QD =DGDQLH FLÜJãH )XQGXV]H HNRORJLF]QH SURJUDP\ SRPRFRZH 5D]HPVHNWRUNRPXQDOQ\

24 0RQLWRURZDQDG]LHG]LQD )XQNFMRQRZDQLH]RUJDQL]RZDQHJR V\VWHPX]ELHUDQLD]PLHV]DQ\FKRGSDGÍZ NRPXQDOQ\FK )XQNFMRQRZDQLHV\VWHPXVHOHNW\ZQHJR ]ELHUDQLDLRG]\VNXVXURZFÍZZWÍUQ\FK WZRU]\ZV]WXF]Q\FK V]NãD SDSLHUXLWHNWXU\ PHWDOL RSDNRZDåZLHORPDWHULDãRZ\FK 6SRVÍERFHQ\ZVNDéQLN,ORçÞJRVSRGDUVWZGRPRZ\FKNWÍUH]DZDUã\XPRZ\ QDZ\ZÍ]RGSDGÍZ ÈPLHV]NDåFÍZNRU]\VWDMÜF\FK]V\VWHPX ]RUJDQL]RZDQHJRZ\ZR]XRGSDGÍZ,ORçÞ]HEUDQ\FKVXURZFÍZZWÍUQ\FKZ0JURNRUD]È ZVWRVXQNXGRFDãRçFLZ\WZRU]RQ\FKRGSDGÍZ NRPXQDOQ\FK,ORçÞVXURZFÍZZWÍUQ\FKSRGGDQ\FKRG]\VNRZLZ0JURN 3R]LRPRG]\VNXrÈSRV]F]HJÍOQ\FKVXURZFÍZZWÍUQ\FK ]HEUDQ\FKLSRGGDQ\FKRG]\VNRZLZVWRVXQNXGR FDãNRZLWHMLORçFLSRV]F]HJÍOQ\FKVXURZFÍZ]DZDUW\FK ZRGSDGDFKNRPXQDOQ\FK

25 )XQNFMRQRZDQLHV\VWHPXVHOHNW\ZQHJR ]ELHUDQLDLRG]\VNX RGSDGÍZZLHONRJDEDU\WRZ\FK RGSDGÍZEXGRZODQ\FK RGSDGÍZQLHEH]SLHF]Q\FK )XQNFMRQRZDQLHV\VWHPX ]DJRVSRGDURZDQLHRGSDGÍZRUJDQLF]Q\FK 6SRVÍESRVWàSRZDQLD]SR]RVWDã\PL RGSDGDPLNRPXQDOQ\PL VNãDGRZDQLH 6SRVÍESRVWàSRZDQLD]RVDGDPL çflhnrz\pl NRPSRVWRZDQH Z\NRU]\VWDQHUROQLF]R Z\NRU]\VWDQHGRUHNXOW\ZDFML JURPDG]RQHQDWHUHQLHRF]\V]F]DOQL GHSRQRZDQHQDVNãDGRZLVNX 0RQLWRURZDQDG]LHG]LQD :\WZDU]DQLHRGSDGÍZ,ORçÞRGSDGÍZ]HEUDQ\FKLSU]HND]DQ\FKGRRG]\VNX 0JURN 3R]LRPRG]\VNXrÈSRV]F]HJÍOQ\FKURG]DMÍZRGSDGÍZ ]HEUDQ\FKLSRGGDQ\FKRG]\VNRZLZVWRVXQNXGR FDãNRZLWHMLORçFLSRV]F]HJÍOQ\FKURG]DMÍZRGSDGÍZ ]DZDUW\FKZRGSDGDFKNRPXQDOQ\FK,ORçÞRGSDGÍZ]HEUDQ\FKLSU]HND]DQ\FKGR NRPSRVWRZDQLD0JURN 3R]LRPRG]\VNXrÈRGSDGÍZ]HEUDQ\FKLSU]HND]DQ\FK GRNRPSRVWRZDQLDZVWRVXQNXGRFDãNRZLWHMLORçFL RGSDGÍZRUJDQLF]Q\FK]DZDUW\FKZRGSDGDFK NRPXQDOQ\FK,ORçÞRGSDGÍZSU]HND]DQ\FKGRXQLHV]NRGOLZLHQLDSU]H] VNãDGRZDQLH ÈRGSDGÍZSRGGDQ\FKVNãDGRZDQLXZVWRVXQNXGRFDãRçFL ]HEUDQ\FKRGSDGÍZ,ORçÞZ\WZRU]RQ\FKRVDGÍZçFLHNRZ\FK0JURN ÈRGSDGÍZSRGGDQ\FKSRV]F]HJÍOQ\PPHWRGRP ]DJRVSRGDURZDQLDZVWRVXQNXGRLORçFLZ\WZRU]RQ\FK =DJRVSRGDURZDQLHRGSDGÍZ ]ELÍUNDWUDQVSRUW PDJD]\QRZDQLH RG]\VNZ\NRU]\VWDQLHJRVSRGDUF]H XQLHV]NRGOLZLDQLHVNãDGRZDQLH 6SRVÍERFHQ\ZVNDéQLN )LUP\Z\WZDU]DMÜFHRGSDG\rSR]ZROHQLD,ORçÞZ\WZRU]RQ\FKRGSDGÍZQLHEH]SLHF]Q\FKLLQQ\FKQLë QLHEH]SLHF]QH0JURN,ORçÞZ\WZRU]RQ\FKRGSDGÍZZJNRGÍZ0JURN )LUP\SURZDG]ÜFHG]LDãDOQRçÞZ]DNUHVLH]ELÍUNL WUDQVSRUWXRG]\VNXLXQLHV]NRGOLZLDQLDrSR]ZROHQLD,ORçÞRGSDGÍZQLHEH]SLHF]Q\FKLLQQ\FKQLë QLHEH]SLHF]Q\FK]ELHUDQ\FKWUDQVSRUWRZDQ\FK PDJD]\QRZDQ\FKRG]\VNLZDQ\FKLVNãDGRZDQ\FK0JURN,ORçÞRGSDGÍZ]DJRVSRGDURZ\ZDQ\FKZJNRGÍZ0JURN

26

27

28 &HOHV]F]HJÍãRZH =ELHUDQLHRGSDGÍZ ÈPLHV]NDåFÍZ ÈPLHV]NDåFÍZ 'HSRQRZDQLHRGSDGÍZNRPXQDOQ\FKQD È È VNãDGRZLVNDFK 6NLHURZDQLHQDVNãDGRZLVNDRGSDGÍZNRPXQDOQ\FK È È XOHJDMÜF\FKELRGHJUDGDFMLZVWRVXQNXGRURNX OLPLW\RG]\VNXLUHF\NOLQJX RSDNRZDQLD]SDSLHUXLWHNWXU\ È È RSDNRZDQLD]HV]NãD È È RSDNRZDQLD]WZRU]\ZV]WXF]Q\FK È È RSDNRZDQLDPHWDORZH È È RSDNRZDQLDZLHORPDWHULDãRZH È È RGSDG\ZLHONRJDEDU\WRZH È È RGSDG\EXGRZODQH È È È È RGSDG\QLHEH]SLHF]QH]JUXS\RGSDGÍZ NRPXQDOQ\FK

29

30

31

32