AEG DVK6981HG Bedienungsanleitung

AEG Dunstabzugshaube DVK6981HG

Lesen Sie kostenlos die 📖 deutsche Bedienungsanleitung für AEG DVK6981HG (164 Seiten) in der Kategorie Dunstabzugshaube. Dieser Bedienungsanleitung war für 7 Personen hilfreich und wurde von 2 Benutzern mit durchschnittlich 4.5 Sternen bewertet

Seite 1/164
USER
MANUAL
'9.+5
'9.+%
'9.+*
8GK]LPHWSUSUGRULP 
̷͕͉͕͙͉͕͑͋͘͡͎͇͚͖͕͙͈͇͗͌ 
8SXWH]DXSRUDEX 
1£YRGNSRXŀLW¯ 
%UXJVDQYLVQLQJ 
*HEUXLNVDDQZLM]LQJ 
8VHU0DQXDO 
.DVXWXVMXKHQG 
.¦\WW¸RKMH 
1RWLFHGXWLOLVDWLRQ 
%HQXW]HULQIRUPDWLRQ 
64
%*
+5
&6
'$
1/
(1
(7
),
)5
'(
ˍˡˤˠ˜ˢ˯˔ˮ˛˰ˤ˯ 
+DV]Q£ODWL¼WPXWDWµ 
,VWUX]LRQLSHUOಬXVR 
Φ͕͇͔͚͒͋͙͚͇͗͒͢
͔ν͘Χ͇͚͇͒͗͢ 
/LHWRģDQDVLQVWUXNFLMD 
1DXGRMLPRLQVWUXNFLMD 
̺͖͇͙͙͉͕͘͎͇͇͚͉͇͗͑Ͱ͌ 
%UXNVDQYLVQLQJ 
,QVWUXNFMDREVĄXJL 
0DQXDOGHLQVWUX©·HV 
(/
+8
,7
..
/9
/7
0.
12
3/
37
0DQXDOGHXWLOL]DUH 
̯͔͙͚͗͑͘͝͏ͦ͖͕
͖͚͇͙͇ͤ͑͒͘͝͏͏ 
̺͖͚͙͙͉͕͘͎͇͚͖͕͙͈͚͗͌ 
1£YRGQDSRXŀ¯YDQLH 
1DYRGLOD]DXSRUDER 
0DQXDOGHLQVWUXFFLRQHV 
%UXNVDQYLVQLQJ 
.XOODQPD.óODYX]X 
52
58
65
6.
6/
(6
69
75
163AR
350%$-7-$
,1)250$&,21,,6,*85,6'+(,167$/,0, 
356+.5,0,352'8.7,7
35'25,0,,35',76+0
.8-'(6,'+(3$675,0, 
355(=8/7$7(3(5)(.7(
)DOHPLQGHULWTNHQL]JMHGKXUNWSURGXNW$(*1HHNHPLNULMXDUDWSUWMX
RIUXDUSHUIRUPDQFWSUVRVXUSUVKXPYLWHPHWHNQRORJMLQRYDWRUHT
QGLKPRMQQWKMHVKWLPLQHMHWVYH©RULTPXQGWPRVLJMHQLQSDMLVMHWH
]DNRQVKPH.XVKWRMLQLSDNPLQXWDOH[LPLWSUWDVKIU\W]XDUVDPPLU
9L]LWRQLIDTHQWRQWLQWHUQHWLWSU
7PDUUNVKLOODPELSUGRULPLQEURVKXUDLQIRUPDFLRQUUHWK]JMLGKMHVV
SUREOHPHYHVKUELPLWGKHULSDULPLW
ZZZDHJFRPVXSSRUW
5HJMLVWURMHQLSURGXNWLQSUVKUELPPWPLU
ZZZUHJLVWHUDHJFRP
%OLQLDNVHVRUSMHVNRQVXPLGKHSMHVRULJMLQDOHNPELPLSUSDMLVMHQ
ZZZDHJFRPVKRS
.8-'(6,'+(6+5%,0,1'$-./,(17,7
3UGRUQLJMLWKPRQSMHVNPELPLRULJMLQDOH
.XUNRQWDNWRQL4HQGUQWRQW$XWRUL]XDUW6KUELPLWVLJXURKXQLTWNHQLQ
GLVSR]LFLRQWGKQDWHPSRVKWPH0RGHOL31&QXPULVHULDO
.\,QIRUPDFLRQLPXQGWJMHQGHWQSOODNQHNODVLILNLPLW
3DUDODMPULP7GKQDUUHWKVLJXULVGKHNXMGHVLW
7GKQDWSUJMLWKVKPHGKHNVKLOOD
7GKQDUUHWKDPELHQWLW
5H]HUYRKHWPXQGVLDHQGU\VKLPHYH
,1)250$&,21,,6,*85,6'+(,167$/,0,
3$5$/$-05,0
5HIHURMXQLEURVKXUVWMHWU
ಯ8GK]LPHWSULQVWDOLPLQರ
SUಯ,QIRUPDFLRQLQHVLJXULV
GKHLQVWDOLPLQರ/H[RQLPH
NXMGHVNDSLWXMWHಯ6LJXULVರ
SUSDUD©GRSUGRULPLRVH
PLUPEDMWMHMHWSDMLVMHV
ZZZDHJFRP
356+.5,0,352'8.7,7
3UPEOHGKMHHSDQHOLWWNRQWUROOLW
1 2 3 4 5 6 7 8 9 10
)XQNVLRQL 3UVKNULPL
1GH])LN 1GH]GKHILNDVSLUDWRULQ
6KSHMWVLDHSDU 0RWRULNDORQQQLYHOLQHSDUWVKSHMWVLV
6KSHMWVLDHG\W 0RWRULNDORQQQLYHOLQHG\WWVKSHMWVLV
6KSHMWVLDHWUHW 0RWRULNDORQQQLYHOLQHWUHWWVKSHMWVLV
6KSHMWVLDPDNVLPDOH 0RWRULNDORQQQLYHOLQPDNVLPDOWVKSHMWVLV
1[LWMDHVKSHMWVLV 0RWRULNDORQQQLYHOLQPDNVLPDOWVKSHMWVLV3DV
PLQXWDVKSDMLVMDNWKHKHWQFLOVLPLQHPSDUVKP
)OODG $VSLUDWRULSXQRQQVKSHMWVLQPWXOW3DV
PLQXWDVKSDMLVMDILNHW
1MRIWLPLPELILOWULQ -XNXMWRQWQGUURQLRVHWSDVWURQLILOWULQHNDUERQLW
GKHWSDVWURQLILOWULQH\QG\UV
+REt+RRG 7UHJXHVLLIXQNVLRQLWSUWNRQWUROOXDUDVSLUDWRULQQJD
SLDQXUD
 /ODPED 1GH]GKHILNGULWDW
35'25,0,,35',76+0
3UGRULPLLDVSLUDWRULW
.RQWUROORQLVKSHMWVLQHUHNRPDQGXDU
VLSDVWDEHOVPSRVKW
*MDWQJURKMHVVXVKTLPLWJDWLPLWPHWHQ[KHUHW
PEXOXDUD
*MDWJDWLPLWPHWHQ[KHUHWPEXOXDUDQGLVD]RQD
RVHYDWUDJDWLPLVNXTMHVVOHKW
*MDW]LHUMHVGKHVNXTMHVVVDVLYHWPGKDW
XVKTLPLWSDNDSDNJDWLPLWQGLVD]RQDRVHYDWUD
JDWLPL
6+4,3 
GKH *MDWJDWLPLWGKHVNXTMHVVVDVLYHWPGKDW
XVKTLPLWSDNDSDNQODJVKWLWPDGKH
)UHVNRQDMULQQNX]KLQSDVJDWLPLWPHQLYHO]KXUPH
VKXPWXOW0XQGWDNWLYL]KHWGKHW©DNWLYL]RKHW
GXNHVKW\SXUVLPEROLQ)XQNVLRQLILNHWDXWRPDWLNLVKW
SDVPLQXWDVK3UGRUHYHWPSDVJDWLPLW
5HNRPDQGRKHWTWDOLQL
DVSLUDWRULQQSXQSUUUHWK
PLQXWDSDVJDWLPLW
3DQHOLLNRQWUROOLWVKWIXVK
PHVHQVRU3UHNQLVLPEROHW
SUVHNRQGSUW
DNWLYL]XDUIXQNVLRQHW
3UWSUGRUXUDVSLUDWRULQ
 1GL]HQLSDMLVMHQGXNHVKW\SXU
VLPEROLQ
7DQLPXQGWDNWLYL]RQLIXQNVLRQHW
 3UWDNWLYL]XDUIXQNVLRQLQSUHNQL
VLPEROLQ
 1VHVKWQHYRMDSUHNQLVLPEROLQH
GULWV SUWQGUL©XDUVLSUIDTHQH
JDWLPLW3UWQGU\VKXDULQWHQVLWHWLQ
HGULWVSUHNQLGKHPEDQLVKW\SXU
VLPEROLQVULVK
3UW©DNWLYL]XDUSDMLVMHQVKW\SQLVULVK
VLPEROLQ
+REt+RRG)XQNVLRQL
VKWQMIXQNVLRQDXWRPDWLNLFLOLOLGK
SLDQXUQPHQMDVSLUDWRU6LSLDQXUD
DVKWXHGKHDVSLUDWRULNDQQM
NRPXQLNXHVPHUUH]HLQIUDWNXTH
6KSHMWVLDHYHQWLODWRULWSUFDNWRKHW
DXWRPDWLNLVKWQED]WFLOVLPLWW
PRGDOLWHWLWGKHWHPSHUDWXUVVHQVP
WQ[HKWQSLDQXU0XQGWDSUGRUQL
JMLWKDVKWXYHQWLODWRULQGXNHSUGRUXU
PDQXDOLVKWSLDQXUQ)XQNVLRQLPXQGW
DNWLYL]RKHWQJDSDQHOLLSLDQXUV
3UPVKXPLQIRUPDFLRQ
UUHWKPQ\UVVSUGRULPLW
WIXQNVLRQLWUHIHURMXQL
PDQXDOLWWSUGRUXHVLWSU
SLDQXUQ
$NWLYL]LPLL6KSHMWVLV
PDNVLPDOHWPRWRULW
.XUSUHNQL 6KSHMWVLDPDNVLPDOHH
PRWRULWILOORQWSXQRMSUPLQXWD3DV
NVDMNRKHSDMLVMDNWKHKHWQFLOVLPHWH
PSDUVKPHWVKSHMWVLV
.XUIXQNVLRQLVKWL
DNWLYL]XDUSUHNMDVKWHVPEL
QXNNDDVQMHIHNW
1MRIWLPLLILOWULW
$ODUPLLILOWULWMXNXMWRQWQGUURQLRVHW
SDVWURQLILOWULQHNDUERQLWGKHWSDVWURQL
ILOWULQH\QG\UV7UHJXHVLLILOWULW
QGL]HWSUVHNRQGDQVHILOWULL
\QG\UVGXKHWWSDVWURKHW7UHJXHVLL
ILOWULW SXOVRQSUVHNRQGDQVHILOWUL
LNDUERQLWGXKHWWQGUURKHWRVHW
SDVWURKHW
6KLNRQLSDVWULPLQHILOWULWW
\QG\UVQNDSLWXOOLQH
NXMGHVLWGKHWSDVWULPLW
6KLNRQLSDVWULPLQHILOWULWW
NDUERQLWRVHQGUULPLQHILOWULW
WNDUERQLWQNDSLWXOOLQH
NXMGHVLWGKHWSDVWULPLW
3UWULYHQGRVXUIXQNVLRQLQSUHNQL
SUVHNRQGD
3UWDNWLYL]XDURVH©DNWLYL]XDU
IXQNVLRQLQ
 1GL]QLSDQHOLQHNRQWUROOLW
 6LJXURKXQLTLNRQDWWMHQEUW
EDUGKD
 3UWDNWLYL]XDUIXQNVLRQLQSUHNQL
SUVHNRQGD
1VHIXQNVLRQLVKWLDNWLYL]XDULNRQDH
ILOWULW SXOVRQSHVKHU
ZZZDHJFRP
 3UW©DNWLYL]XDUIXQNVLRQLQSUHNQL
SUVHNRQGD
1VHIXQNVLRQLVKWL©DNWLYL]XDULNRQD
HILOWULW SXOVRQWULKHU
.8-'(6,'+(3$675,0,
6KQLPHPELSDVWULPLQ
$JMHQWWH
SDVWULPLW
0RVSUGRUQLGHWHUJMHQWHJUU\HVHGKHIXU©D
3DVWURQLVLSUIDTHQHSDMLVMHVPHQMFRSWEXWPHXMWQJURKW
GKHQMGHWHUJMHQWWEXW
3DVSDVWULPLWGLVDSMHVWSDMLVMHVPXQGWQ[HKHQ3UWVKPDQJXU
QMROODWSDMLVMDGXKHWWOLKHWWIWRKHWGKHWWKDKHWPHQMOHFNRVH
NDUWSHFHWDWSDVWUD
3DVWURQLQMROODWPHQMGHWHUJMHQWWEXW
0EDMHQL
DVSLUDWRULQW
SDVWU
3DVWURMHQLSDMLVMHQGKHILOWUDWH\QG\UV©GRPXDM3DVWURMHQLSMHVQH
EUHQGVKPHWSDMLVMHVGKHILOWUDWH\QG\UVPHNXMGHVQJD\QG\UD
*UXPEXOOLPLL\QG\UVRVHPEHWMHYHWWMHUDPXQGWVKNDNWRM]MDUU
1GLTQLXGK]LPHWSUSDVWULPLQHDNVHVRUYHNXUQMRIWLPLLILOWULWVKWL
DNWLYL]XDU6KLNRQLಯ1MRIWLPLLILOWULWರQNDSLWXOOLQಯ3UGRULPLLSUGLWVKPರ
)LOWUDWH\QG\UVPXQGWODKHQQODYDVWRYLOMH
/DYDVWRYLOMDGXKHWWYHQGRVHWQWHPSHUDWXUWXOWGKHFLNOW
VKNXUWU)LOWULL\QG\UVPXQGW©QJM\URVHWNMRQXNNDQGLNLPWH
SHUIRUPDQFDHSDMLVMHV
)LOWULLNDUERQLW
.RKDHQJRSMHVVILOWULWWNDUERQLWQGU\VKRQQYDUVLWOORMLWWJDWLPLW
GKHVDUUHJXOOLVKWSDVWURKHWILOWULL\QG\UV)LOWULPHNDUERQWDNWLYL]XDU
QXNPXQGWODKHWQXNPXQGWULJMHQHURKHWGKHGXKHWWQGUURKHW
SDV©GRPXDMSXQHRVHPVKSHVKSUSUGRULPYH©DQULVKWW
UQG
3DVWULPLLILOWULWW\QG\UV
)LOWUDWPRQWRKHQPHDQWNDSVHYH
GKHNXQMDYHQDQQHNXQGUW
3UWKHTXUILOWULQ
 7UKLTQLNDSDNXQSUWDKDSXU
1
 6KW\SQLGRUH]QHNDSVHVV
PRQWLPLWQSDQHOLQHILOWULPLWSRVKW
DVSLUDWRULW
1
2
 $QRMHQLOHKWSMHVQHSUSDUPHW
ILOWULWSRVKWPSDVWUKLTHQL
6+4,3 
3UVULVQLG\KDSDWHSDUSUWJMLWK
ILOWUDW
 3DVWURMLQLILOWUDWGXNHSUGRUXUQM
VIXQJMHUPHGHWHUJMHQWHMRJUU\HVH
RVHQQMODYDVWRYLOMH
/DYDVWRYLOMDGXKHWW
YHQGRVHWQWHPSHUDWXUW
XOWGKHFLNOWVKNXUWU
)LOWULL\QG\UVPXQGW
©QJM\URVHWNMRQXNNDQGLNLP
WHSHUIRUPDQFDHSDMLVMHV
 3UWPRQWXDUVULVKILOWUDWQGLTQLG\
KDSDWHSDUQUHQGLQHNXQGUW
3UVULVQLKDSDWSUWJMLWKILOWUDWQVH
DSOLNRKHW
1GUULPLLILOWULWW
NDUERQLW
3$5$/$-05,0
)LOWULLNDUERQLWQXNPXQGW
ODKHW
3UWQGUUXDUILOWULQ
 +LTQLILOWUDWH\QG\UVQJDSDMLVMD
5HIHURMXQLSMHVVಯ3DVWULPLLILOWULWW
\QG\UVರQNWNDSLWXOO
 7UKLTQLJMXK]DWGUHMWSMHVVV
SRVKWPHWILOWULW.DG\ILOWUDNDUERQL
1MQGRGKHWSRVKWGKHWMHWUL
QGRGKHWQDQQHSUSDUPHW
SDMLVMHV
 $QRMHQLOHKWSMHVQHSUSDUPHW
ILOWULWSRVKWPSDVWUKLTHQL
 3UWLQVWDOXDUQMILOWUWULNU\HQL
WQMMWDWKDSDQUHQGWNXQGUW
1©GRUDVWVKWHQHYRMVKPHTW
QGUURKHQILOWUDWWSDNWQ©GRNDWU
PXDM
1GUULPLLOODPEV
.MRSDMLVMHVKWHSDMLVXUPHQMOODPE
/('.MRSMHVPXQGWQGUURKHWYHWP
QJDQMWHNQLN1UDVWNHTIXQNVLRQLPL
UHIHURMXQLSMHVVಯ6KUELPLರWHNDSLWXOOL
ಯ8GK]LPHWHVLJXULVರ
6+7-(4/,'+(10($0%,(17,1
5LFLNORQLPDWHULDOHWPHVLPEROLQ 
9HQGRVHQLDPEDOD]KLQWHNRQWHMQHUWH
ULFLNOLPLWQVHND1GLKPRQLQPEURMWMHQ
HPMHGLVLWGKHVKQGHWLWWQMHU]YHGKH
QULFLNOLPLQHPEHWMHYHWSDMLVMHYH
HOHNWULNHGKHHOHNWURQLNH0RVKLGKQL
SDMLVMHWHVKQXDUDPHVLPEROLQ H
PEHWXULQDYHVKWSLDNH.WKHQLSURGXNWLQ
QSLNQORNDOHWULFLNOLPLWRVH
NRQWDNWRQLPH]\UQNRPXQDOH
ZZZDHJFRP
КУЍУЙЏЉЖБЎ
̴̵̷̧̯̻̳̯̽͆̧̮̵̶̸̴̵̸̨̧̬̮̹̯̵̴̧̳̹̭
̵̶̸̴̧̯̯̬̴̧̷̧̺̬̫
̸̴̴̧̩̬̱̯̫̬̩̶̵̷̨̧̺̹̬
̷̪̯̭̯̯̶̵̸̴̧̯̹̩̬̾
АЉЗЛДБРЖБЙЎАМДЛЉЛБ
̨͇͕͇͒͊͋͗͏͓̩͏͌͞͏͎͈͇͙͗͌͜͖͕͚͙͗͋͑͔͇$(*̴͏͌͕͊͎͇͕͓͋͋͌͘͜͡͎͇͇͋̩͏
͖͕͙͇͉͗͌͋͘͏͓͈͎͚͖͔͇͌͗͌͞͖͕͇͙͇͌͑͒͘͝͏ͦ͉͖͕͍͔͗͋͒͌͡͏͌͔͇͓͔͕͕͊͕͊͋͏͔͏͘
͏͔͕͉͇͙͏͉͔͏͙͔͕͕͌͒͊͜͏͏͕͑͏͙͕͖͇͉͙͗ͦ͍͏͉͕͙͇͖͕͔͒͌͌͘ದ͚͔͛͑͝͏͏͕͑͏͙͕͔͌
͓͕͍͙͌͌͇͋͕͙͑͗͏͙͌͌͖͗͏͕͈͏͔͕͉͔͑͌͏͙͌͚͗͌͋͏̳͕͒ͦ͕͙͙͋͌͒͌͌͔͕͕ͦ͑͒͑
͓͏͔͚͙͏͎͇͙͔͌͌͌͞͎͇͇͋͏͎͉͙͒͌͌͌͞͔͇͐͕͈͕͙͕͋͗
̶͕͙͙͌͌͌͘͔͇͟͏ͦ͚͈͇͙͌͐͘͎͇
̩͏͍͙͌͖͕͎͔͒͌͏͉͙͌͘͡͏͎͇͚͖͕͙͈͇͗͌͈͕͚͗͗͟͏͕͙͙͇͔͉͇͔͗ͦ͌͘͔͇
͔͌͏͎͖͇͉͔͕͙͗͘͏͏͔͕͓͇͛͗͝͏ͦ͎͇͉͌͗͘͏͎͏͓͕͔͙͗͌
ZZZDHJFRPVXSSRUW
̷͌͊͏͙͗͘͏͇͙͗͐͌̩͇͟͏ͦ͖͕͚͙͗͋͑͎͇͖͕͕͈͕͋͗͕͈͚͍͉͇͔͒͌͘
ZZZUHJLVWHUDHJFRP
̱͚͖͙͌͌͇͕͇͑͌͗͘͘͏͕͔͚͓͇͙͑͘͏͉͏͏͕͗͏͊͏͔͇͔͒͏͎͉͔͗͌͌͗͏͇͙͘͞͏͎͇̩͇͟͏ͦ
͚͗͌͋
ZZZDHJFRPVKRS
ЗЊКДМЏЋЉЖЎЖЉГДБЎЖЛБ
̩͏͔͇͊͏͏͎͖͕͎͉͇͙͒͐͌͕͗͏͊͏͔͇͔͒͏͎͉͔͗͌͌͗͏͇͙͘͞͏
̱͕͇͙͕͊͌͘͉͎͉͇͙͗͌͘͡͘͔͇͟͏ͦ͕͙͕͗͏͎͏͇͔͗͕͙͋͌͒ಱ̵͈͚͍͉͇͔͒͌͘ಯ͙͈͉͇͗ͦ͇͋
͏͓͇͙͌͖͕͋͇͗͑͡͔͇͙͇͒͌͋͘͏͔͕͓͇͛͗͝͏ͦ̳͕͋͌͒31&͌͗͘͏͔͌͔͕͓͌͗
̯͔͕͓͇͛͗͝͏͙͇ͦ͓͕͍͌͇͋͈͋͌͡͕͙͑͗͏͙͇͔͇͙͇͈͇͙͇͌͒͑͘͕͔͕͉͔͘͏͇͔͔͋͏
̶͚͖͍͔͗͌͋͗͌͋͌͏͌̩͔͏͓͇͔͏͌ದ̯͔͕͓͇͛͗͝͏ͦ͎͇͈͎͕͖͇͔͕͙͌͘͘
̵͈͇͠͏͔͕͓͇͛͗͝͏ͦ͏͉͙͌͘͡͏
̯͔͕͓͇͛͗͝͏ͦ͎͇͕͕͔͇͙͇͑͒͇͗͌͋͘
̮͇͖͇͎͉͇͓͌͘͏͖͇͉͕͙͕͗͔͇͏͎͓͔͔͌͌͏ͦ
БЖНЗЙЕЉПБШАЉЊЎАЗИЉКЖЗКЛБЕЗЖЛЉЏ
ЋЖБЕЉЖБЎ
̩͏͍͙͌͕͙͔͇͙͇͋͌͒͈͕͚͇͗͗͟
͘͏͔͙͚͗͑͘͝͏͏͎͇
͏͔͙͇͒͘͏͇͔͗͌͎͇
̯͔͕͓͇͛͗͝͏ͦ͎͇
͈͎͕͖͇͔͕͙͌͘͘͏͓͕͔͙͇͍
̶͕͙͙͗͌͌͌͞͉͔͏͓͇͙͔͕͌͒
͇͉͊͒͏͙͌͎͇͈͎͕͖͇͔͕͙͌͘͘
͖͗͌͋͏͉͇ͦ͑͘͚͖͕͙͈͇͗͌͏͒͏
͖͕͍͇͋͋͗͑͡͔͇͚͇͗͌͋
̷̸̨̧̲̪̱̯́ 
ЗИБКЉЖБЎЖЉМЙЎЍЉ
ИйЮЬдЮЭжЩгзжлйзджбшиЩжЮд
1 2 3 4 5 6 7 8 9 10
Нмжгпбш ЗибкЩжбЮ
̩͑͒̯͎͑͒ ̩͉͇͔͑͒ͥ͌͞͏͏͎͉͇͔͑͒ͥ͌͞͔͇͇͖͘͏͇͙͕͇͗͗
̶͉͇͗͡͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͖͉͇͗͡͕͕͙͑͗͘͘
̩͙͕͇͗͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͉͙͕͇͗͕͕͙͑͗͘͘
̹͙͇͗͌͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͙͙͇͗͌͕͕͙͑͗͘͘
̳͇͑͘͏͓͇͔͇͒͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͓͇͑͘͏͓͇͔͇͒͕͕͙͑͗͘͘
̺͉͌͒͏͇͉͇͔͌͞͔͇͕͑͘ಣ
͕͙͙͇͗͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͓͇͑͘͏͓͇͔͇͒͕͕͙͑͗͘͘̸͒͌͋
͓͏͔͚͙͏͚͙͗͌͋͡͌͘͉͇͗͡͠͔͇͖͗͌͋͏͔͇͙͇͟͔͇͙͕͗͐͘ಣ
͇͑
̨͗͏͎%UHH]H ̧͈͕͈͇͙͕͙͗͗͘͡͇͈͕͙͗͏͔͇͓͏͔͏͓͇͔͇͒͕͕͙͑͗͘͘̸͒͌͋
͓͏͔͚͙͏͚͙͗͌͋͡͌͘͏͎͉͇͑͒ͥ͞
̯͎͉͙͌͘͏͌͎͇͛͏͙͒͗͡ ̴͇͖͕͓͔ͦ͎͇͓͔͇ͦ͘͏͒͏͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͘͇͑ಣ
͙͏͉͔͌͉͔͊͒͌͡͏͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇͓͇͎͔͏͔͏
+REt+RRG ̯͔͋͏͇͙͕͑͗͎͇͚͔͛͑͝͏͙͇ͦ͎͇͚͖͇͉͔͗͒͌͏͌͔͇͇͖͘͏͇͗ಣ
͙͕͇͗͕͙͕͙͕͔͇͑͒
 ̵͉͙͔͌͒͌͘͏͌ ̩͉͇͔͑͒ͥ͌͞͏͏͎͉͇͔͑͒ͥ͌͞͔͇͕͉͙͔͌͒͌͘͏͙͕͌
ЋКЎГБЍЖЎЋЖЉМИЗЛЙЎЊЉ
БаиздаЫЩжЮжЩ
ЩЪкзйЪЩлзйЩ
̶͕͉͙͗͌͗͌͌͖͖͕͗͌͗͡͞͏͙͔͇͙͇͌͒͕͕͙͑͗͘͘
͉͕͙͉͙͙͉͌͘͘͡͏͌͘͙͇͈͒͏͇͙͇͝͖͕͕͚͋͒
̶͗͏͎͇͙͕͖͔͒ͦ͌͔͇͇͔͇͗͜͕͙͉͙͊͌͌͘͖͕͙͇͉͔͌͘͇͖͇͑͑
̶͗͏͕͙͉͔͊͌͌͘͇͖͇͑͑͉͚͗͜͡͔͕͕ͦ͑͒͑͎͕͔͏͎͇͕͙͉͊͌ಣ
͔͌͏͒͏͕͙͕͔͑͒͏͖͍͙͗͌͌͡͔͇͇͈͒͘͕͔͊͡
ZZZDHJFRP
̶͗͏͉͇͔͗͌͌͏͖͍͔͗͌͌͡͔͇͕͓͊͒͌͏͕͑͒͏͙͉͇͌͘͞͇͗͜ಣ
͔͇͈͎͌͇͖͇͑͑͕͙͉͙͊͌͌͉͚͗͜͡͔͕͕ͦ͑͒͑͎͕͔͏͎͇͕͙͉͊͌ಣ
͔͌͏͒͏͕͙͕͔͑͒͏
͏ ̶͗͏͉͇͔͗͌͌͏͖͍͔͗͌͌͡͔͇͕͓͊͒͌͏͕͑͒͏͙͉͇͌͘͞͇͗͜ಣ
͔͇͈͎͌͇͖͇͑͑͉͏͕͇͑͘͉͇͍͔͕͙͒͘
̵͉͍͇͉͇͌͘͉͎͚͇͋͜͡͉͚͔͙͇͑ͦ͜͒͌͋͘͕͙͉͔͊͌͌͖͗͏
͓͔͕͕͊͔͏͕͑͘͔͏͉͕͔͇͚͓͟̳͕͍͌͇͋͌͘͇͙͑͏͉͏͇͗͏
͇͙͋͌͑͏͉͏͇͗͎͗͌͞͕͕͉͇͔͋͑͌͘͔͇͘͏͓͉͕͇͒̹͇͎͏
͚͔͛͑͝͏ͦ͌͘͏͎͉͇͑͒ͥ͞͇͉͙͕͓͇͙͏͔͕͞͒͌͋͘͓͏͔͚ಣ
͙͏̯͎͖͕͎͉͇͙͒͐͌͇͓͕͘͒͌͋͘͕͙͉͔͊͌͌
̶͖͕͗͌͗͡͞͏͙͔͕͌͒͌͇͋
͕͙͇͉͘͏͙͌͇͈͕͈͇͙͕͇͗͗͘͇͋
͇͈͕͙͗͏͖͗͏͈͒͏͎͏͙͔͕͌͒
͓͏͔͚͙͏͒͌͋͘͕͙͉͔͊͌͌
̱͕͔͙͕͔͕͙͕͗͒͙͇͈͕͒͌
͔͎͕͔͕͌͗͘͖͕͒͌̫͕͕͔͙͑͌͌͘
͘͏͓͉͕͒͏͙͌͎͇͚͔͇͌͑͋͘͎͇
͇͋͇͙͑͏͉͏͇͙͗͌͚͔͛͑͝͏͏͙͌
АЩЭЩйЩЪзлблЮкЩЪкзйЪЩлзйул
 ̩͙͑͒ͥ͌͌͞͚͇͗͌͋͇͙͕͑͔͇͙͏͔͙͌͌͘
͘͏͓͉͕͇͒
̩͌͌͞͓͕͍͙͌͌͇͋͇͙͑͏͉͏͇͙͗͌
͚͔͛͑͝͏͏͙͌
 ̮͇͇͋͇͙͑͏͉͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ
͕͕͔͙͋͑͌͌͘͘͏͓͉͕͇͒
 ̧͕͑͌͔͕͈͕͌͋͜͏͓͕͔͇͙͏͔͙͌͌͘
͘͏͓͉͕͇͒͔͇͇͓͖͒͏͇͙͇͑͞ ͎͇͇͋
͕͉͙͌͘͏͙͌͖͕͉͔͕͙͙͇͗͘͜͡͎͇͕͙͉͔͊͌͌
̮͇͇͋͖͕͓͔͗͌͏͙͌͏͔͙͔͎͌͏͙͙͇͌͔͇
͉͙͌͒͘͏͔͇͙͇͕͕͔͙͋͑͌͌͘͏͎͇͍͙͋͗͌͡
͘͏͓͉͕͇͒͕͙͔͕͉͕
̮͇͇͋͏͎͑͒ͥ͞͏͙͌͚͇͗͌͋͔͇͙͏͔͙͌͌͘
͘͏͓͉͕͇͒ ͕͙͔͕͉͕
+REt+RRGнмжгпбш
̹͕͉͇͌͇͉͙͕͓͇͙͏͔͇͞͚͔͛͑͝͏ͦ
͉͎͉͇͇͗͘͡͠͖͕͙͇͒͓͑͡͇͈͕͈͇͙͕͇͗͗͘
̱͇͙͕͑͖͕͇͙͇͒͞͙͇͇͑͏͇͈͕͈͇͙͕͙͗͗͘͡
͇͎͖͕͇͇͙͗͒͊͘͕͓͚͔͑͏͇͙͕͑͗͘
͏͔͇͉͔͛͗͌͗͌͞͘͏͔͇͊͒̸͕͕͙͙͇͑͗͘͔͇
͉͔͙͌͏͇͙͕͇͒͗͌͘͕͖͗͌͋͌͒ͦ
͇͉͙͕͓͇͙͏͔͕͞͉͎͡͕͔͕͉͇͘͔͇
͔͇͙͕͇͙͇͗͐͑͘͔͇͍͗͌͏͓͇͏
͙͓͖͇͙͚͇͙͇͌͌͗͗͔͇͔͇͐͕͊͗͌͠͏͙͌
͕͙͉͇͊͗͑͘͏͕͉͋͌͘͡͉͚͗͜͡͖͕͙͇͒̸͕͡͠
͙͇͇͑͓͕͍͙͌͌͇͋͚͖͇͉͉͇͙͗͒ͦ͌
͉͔͙͌͏͇͙͕͇͒͗͏͔͕͗͡͞͕͙͖͕͙͇͒
̻͚͔͑͝͏͙͇ͦ͓͕͍͌͇͋͌͘͇͙͑͏͉͏͇͗͕͙
͖͇͔͇͌͒͔͇͖͕͙͇͒
̮͇͖͕͉͌͌͞͏͔͕͓͇͛͗͝͏ͦ
͕͙͔͕͔͕͘͇͑͑͌͘͏͎͖͕͎͉͇͒
͚͔͛͑͝͏͙͇ͦ͉͏͍͙͌
͖͕͙͈͗͌͏͙͕͙͕͌͒͑͘
͕͉͕͙͉͕͗͑͋͘͡͎͇͖͕͙͇͒
ЉглбЫбйЩжЮжЩ
еЩгкбеЩджЩкгзйзклжЩ
езлзйЩ
̱͕͇͙͕͊͕͕͔͙͋͑͌͌͘ ͓͇͑͘͏͓͇͔͇͙͇͒
͕͕͙͑͗͘͘͔͇͓͕͙͕͇͗͌͘͉͉͇͑͒ͥ͞͎͇
͓͏͔͚͙͏̸͒͌͋͙͕͎͏͖͌͗͏͕͋͚͙͗͌͋͡͌͘
͉͇͗͡͠͓͑͡͖͕͔͗͌͋͋͜͏͙͌͔͇͙͕͗͐͑͘͏͔͇
͕͕͙͙͇͑͗͘͘
̱͕͇͙͕͊͚͔͛͑͝͏͙͇ͦ͌
͉͔͇͑͒ͥ͌͞͕͖͔͋͒͡͏͙͔͕͙͕͌͒
͕͕͉͇͔͋͑͌͘͔͇ ͔͌
͖͗͌͋͏͎͉͏͉͇͑͙͉͋͌͐͘͏͌
БаЫЮклбЮаЩнбдлуй
̧͇͓͇͙͇͒͗͔͇͛͏͙͇͒͗͡͔͇͖͕͓͔ͦ͎͇
͓͔͇ͦ͘͏͒͏͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡͇͙͕͑͑͏͎͇͖͕͞͏͙͉͇͔͌͘
͔͇͛͏͙͇͒͗͡͎͇͓͇͎͔͏͔͏̯͔͋͏͇͙͕͙͑͗͡
͔͇͛͏͙͇͒͗͡ ͌͘͉͉͇͑͒ͥ͞͉͉
͖͕͍͔͗͋͒͌͡͏͌͔͇͚͔͌͑͋͘͏͉͚͇͒͐͘͞
͌͞͛͏͙͙͒͗͡͡͎͇͓͇͎͔͏͔͏͏͓͇͔͚͍͇͋͕͙
͖͕͞͏͙͉͇͔͌͘̯͔͋͏͇͙͕͙͑͗͡͔͇͛͏͙͇͒͗͡
͖͓͗͌͏͉͇͊͉͖͕͍͔͗͋͒͌͡͏͌͔͇
͚͔͌͑͋͘͏͇͕͑͛͏͙͙͒͗͡͡͘͇͙͑͏͉͔͌
͉͔͊͒͌͡͙͈͉͇͗ͦ͇͋͌͘͓͔͌ͦ͘͏͒͏
͖͕͞͏͙͉͇͘
̷̸̨̧̲̪̱̯́ 
̴͇͖͇͉͙͗͌͌͖͇͉͇͗͑͘͎͇
͖͕͞͏͙͉͇͔͙͕͌͘͔͇͛͏͙͇͒͗͡
͎͇͓͇͎͔͏͔͏͉͇͉͇͊͒
ಱ̶͕͞͏͙͉͇͔͌͘͏͊͗͏͍͇ಯ
̴͇͖͇͉͙͗͌͌͖͇͉͇͗͑͘
͕͙͔͕͔͕͘͖͕͞͏͙͉͇͔͙͕͌͘͏͒͏
͓͔͇͙͇ͦ͘͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡͉͇͉͇͙͇͊͒
ಱ̪͗͏͍͏͏͖͕͞͏͙͉͇͔͌͘ಯ
̮͇͇͋͔͚͒͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ͕͕͔͙͋͑͌͌͘
͎͇͚͔͌͑͋͘͏
АЩЭЩЩглбЫбйЩлЮбдбЭЮЩглбЫбйЩлЮ
нмжгпбш
 ̩͙͑͒ͥ͌͌͞͕͔͙͕͔͕͙͕͑͗͒͙͇͈͕͒
 ̺͉͙͌͗͌͌͌͘͌͞͏͕͔͑͏͙͌͇͘͈͌͒͏
 ̮͇͇͋͇͙͑͏͉͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ
͕͕͔͙͋͑͌͌͘ ͎͇͚͔͌͑͋͘͏
̧͕͑͚͔͛͑͝͏͙͇ͦ͌͇͙͑͏͉͏͇͔͇͗͏͕͔͇͙͇͑
͔͇͛͏͙͇͒͗͡ ͓͏͇͊͖͙͌͖͙͡͏
 ̮͇͇͋͇͙͋͌͑͏͉͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ
͕͕͔͙͋͑͌͌͘ ͎͇͚͔͌͑͋͘͏
̧͕͑͚͔͛͑͝͏͙͇ͦ͌͇͙͋͌͑͏͉͏͇͔͇͗
͏͕͔͇͙͇͑͔͇͛͏͙͇͒͗͡ ͓͏͇͙͊͗͏͖͙͡͏
ЌЙБЏББИЗРБКЛЋЉЖЎ
ЊЮдЮЯгбзлжзкжзизрбклЫЩжЮлз
ИйЮиЩйЩлбаЩ
изрбклЫЩжЮ
ЖЮбаиздаЫЩвлЮЩЪйЩабЫжбизрбклЫЩтбийЮиЩйЩлббрЮлгб
̶͕͞͏͙͙͌͌͘͒͏͉͇͙͇͌͝͇͙͘͞͔͇͚͔͇͙͇͛͗͘͓͇͌͑͖͇͑͗͡͘͙͕͖͇͒͉͕͇͋͏
͒͌͑͖͖͇͇͙͗͌͗͎͇͖͕͞͏͙͉͇͔͌͘
̸͒͌͋͕͙͉͔͊͌͌͔͕ͦ͑͏͇͙͘͞͏͔͇͚͇͗͌͋͓͕͇͙͊͇͋͌͘͔͇͙͊͗͌ͦ̮͇͇͋͏͎ಣ
͈͔͙͌͊͌͌͖͙͔͇͌͚͙͗͌͋͡͙͈͉͇͗ͦ͇͋͌͘͕͇͒͋͜͏͏͏͎͚͘͟͏͘͞͏͙͇͘͖͇͑͗͡
͏͒͏͇͙͒͛͌͑͘͏
̶͕͞͏͙͙͌͌͘͖͙͔͇͙͇͌͘͒͌͑͖͕͞͏͙͉͇͘͠͖͖͇͇͙͗͌͗
ИзЭЭуйЯЩвлЮ
ЩЪкзйЪЩлзйЩ
рбкл
̶͕͞͏͙͉͇͙͐͌͘͚͗͌͋͏͙͌͏͛͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͉͌͑͘͏͓͌͌͘͝̩͔͏͓͇ಣ
͙͔͕͌͒͖͕͞͏͙͉͇͙͐͌͘͓͇͎͔͏͔͏͖͕͉͙͔͕͙͙͇͗͌͘͟͡͔͇͚͇͗͌͋͏͛͏͙͒͗͏͙͌
͎͇͓͇͎͔͏͔͏̴͇͙͚͖͉͇͔͗͏ͦ͔͇͓͇͎͔͏͔͏͏͒͏͚͋͗͊͏͕͙͇͙͘͡͝͏͓͕͇͙͊͇͋
͕͉͇͙͋͌͋͕͋͖͕͍͇͗
̸͉͇͙͒͌͋͐͌͏͔͙͚͗͑͘͝͏͏͙͌͎͇͖͕͞͏͙͉͇͔͌͘͔͇͇͕͇͑͌͗͘͘͏͙͌͕͇͙͕͑͊͌
͉͔͕͑͒ͥ͌͞͏͎͉͙͌͘͏͙͕͌͎͇͛͏͙͒͗͡̩͏͍͙͌͏͎͉͙͉͇͔͌ͦ͘͏ͦ͎͇̻͏͙͇͒͗͡͉
͇͉͇͙͇͊͒͎͇͍͔͉͔͇͌͌͋͌͚͖͕͙͈͇͗͌
̻͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͓͕͇͙͊͇͋͌͘͖͕͞͏͙͉͇͙͘͉͕͓͋͘͡͏͔͇ͦ͒
̸͕͓͋͡͏͔͇͙͇ͦ͒͙͈͉͇͗ͦ͇͋͌͔͇͙͕͔͇͗͌͘͔͇͔͏͇͑͘͙͓͖͇͙͚͇͌͌͗͗͏͇͑͗ಣ
͙͑͡͝͏͑͒͡̻͏͙͙͒͗͡͡͎͇͓͇͎͔͏͔͏͓͕͍͌͇͋͎͇͚͈͊͏͉͙͇͌͝͘͏͔͕͙͕͉͇
͔͌͉͒͏ͦ͌͉͚͗͜͡͇͈͕͙͇͙͇͗͔͇͚͇͗͌͋
НбдлуйкЩг഻
лбЫЮжЫуЬдЮж
̩͓͙͕͗͌͌͎͇͔͇͘͏͇͔͌͠͔͇͛͏͙͇͒͗͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡͎͇͉͏͘͏͕͙͙͏͖͇
͕͙͉͔͊͌͌͏͕͉͔͕͙͙͇͗͌͋͘͔͇͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇͓͇͎͔͏͔͏̻͏͒ಣ
͙͙͗͡͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡͔͌͓͕͍͌͇͋͌͘͓͏͌͔͌͓͕͍͌͇͋͌͘͔͗͌͊͌͌ಣ
͗͏͇͗͏͙͈͉͇͗ͦ͇͋͌͘͖͕͓͔͋͌ͦ͖͗͏͈͒͏͎͏͙͔͕͌͒͔͇͉͌͑͘͏͓͇͌͌͘͝
͇͈͕͙͇͗͏͒͏͖͕͙͕͌͘͞͖͗͏͕͕͈͔͕͌͘͙͍͇͌͑͚͖͕͙͈͇͗͌
ZZZDHJFRP
ИзрбклЫЩжЮжЩнбдлуйЩ
аЩеЩажбжб
̻͏͙͒͗͏͙͌͌͘͓͕͔͙͏͇͙͗͘͖͕͓͕͙͇͠͔͇
͕͈͑͘͏͏͠͏͙͕͉͛͌͇͎͖͕͕͍͔͗͒͌͏͕͙
͕͈͇͙͔͇͙͇͗͙͇͔͇͗͘
АЩЭЩизрбклблЮнбдлуйЩ
 ̯͎͖͇͙͋͗͐͌͡͇͖͇͇͑͑͎͇͇͋͕͊
͕͙͉͕͗͏͙͌
1
 ̴͇͙͏͔͙͌͌͘͍͇͙͇͋͗͑͡͔͇͕͈͇͙͇͑͘͎͇
͓͕͔͙͇͍͉͚͗͜͡͖͇͔͇͌͒͔͇͛͏͙͇͒͗͡
͖͕͋͇͈͕͈͇͙͕͇͗͗͘
1
2
 ̲͕͌͑͔͇͕͔͙͑͒͌͌͖͔͇͙͇͗͌͋͇͙͘͞͔͇
͛͏͙͇͒͗͡͔͇͕͚͋͒͒͌͋͘͕͙͕͑͌
͖͔͙͋͗͌͌͡
̶͕͉͙͕͙͗͌͌͖͉͗͡͏͙͌͉͋͌͙͖͑͘͡͏͎͇
͉͘͏͑͞͏͛͏͙͒͗͏
 ̶͕͞͏͙͙͌͌͘͛͏͙͒͗͏͙͌͘͖͕͓͕͙͇͠͔͇
͈͇͊͡͏͔͇͈͇͎͌͗͏͉͔͏͖͖͇͇͙͗͌͗͏͏͒͏
͉͕͓͋͘͡͏͔͇ͦ͒
̸͕͓͋͡͏͔͇͙͇ͦ͒͙͈͉͇͗ͦ͇͋͌
͔͇͙͕͔͇͗͌͘͔͇͔͏͇͑͘
͙͓͖͇͙͚͇͌͌͗͗͏͇͙͑͗͑͡
͝͏͑͒͡̻͏͙͙͒͗͡͡͎͇
͓͇͎͔͏͔͏͓͕͍͌͇͋͎͇͚͈͊͏
͉͙͇͌͝͘͏͔͕͙͕͉͇͔͌͉͒͏ͦ͌
͉͚͗͜͡͇͈͕͙͇͙͇͗͔͇͚͇͗͌͋
 ̮͇͓͕͔͙͏͇͔͗͌͔͇͛͏͙͒͗͏͙͌
͕͈͇͙͔͕͗͏͎͖͔͙͒͌͌͡͖͉͗͡͏͙͌͉͋͌
͙͖͑͘͡͏͉͕͈͇͙͔͗͌͗͌͋
̶͕͉͙͕͙͗͌͌͙͖͑͘͡͏͙͌͎͇͉͘͏͑͞͏͛͏͙͒͗͏
͇͕͑͌͖͗͏͕͍͒͏͓͕
КешжЩжЩнбдлуйЩк
ЩглбЫЮжЫуЬдЮж
ЋЖБЕЉЖБЎ
̻͏͙͙͒͗͡͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡
͔͌͙͈͉͇͗ͦ͇͋͌͘͓͏͌
̮͇͇͋͓͔͌͘͏͙͌͛͏͙͇͒͗͡
 ̯͎͉͇͙͋͌͌͛͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͕͙
͚͇͗͌͋
̩͏͍͙͌ಱ̶͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇
͓͇͎͔͏͔͏ಯ͉͙͇͎͏͇͉͇͊͒
 ̯͎͖͇͙͋͗͐͌͡͇͎͗͋͌͒͏͙͌͒͏͙͌͓͑͡
͕͔͇͙͇͋͒͇͙͘͞͔͇͛͏͙͇͒͗͡̯͓͇͉͇͋
͛͏͙͇͒͗͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡
̬͋͏͔͏͙ͦ͌͘͔͇͓͏͇͗͕͙͕͚͋͒͇
͚͋͗͊͏͙ͦ͕͙͖͔͇͙͇͗͌͋͙͇͔͇͗͘͔͇
͚͇͗͌͋
 ̲͕͌͑͔͇͕͔͙͑͒͌͌͖͔͇͙͇͗͌͋͇͙͘͞͔͇
͛͏͙͇͒͗͡͔͇͕͚͋͒͒͌͋͘͕͙͕͑͌
͖͔͙͋͗͌͌͡
 ̮͇͓͕͔͙͏͇͔͗͌͔͇͔͕͉͛͏͙͒͗͡
͏͎͖͔͙͒͌͌͡͙͖͑͘͡͏͙͌͉͕͈͇͙͔͗͌͗͌͋
̶͗͏͉͘͏͑͞͏͚͇͒͘͞͏͌͔͕͈͕͌͋͜͏͓͕͇͋
͓͔͙͌ͦ͌͘͛͏͙͒͗͏͙͌͖͕͔͌͔͇͉͌͑͘͏
͙͌͞͏͗͏͓͇͌͌͘͝
КешжЩжЩдЩеибргЩлЩ
̹͕͎͏͚͗͌͋͌͔͇͈͔͋͌͘͘͘͡͉͙͕͌͋͘͏͕͔͇͋
͇͓͖͒͏͇͑͞/('̹͇͎͏͇͙͘͞͙͈͉͇͗ͦ͇͋
͌͘͓͔͌͘͏͌͋͏͔͙͉͔͕͌͘͕͙͙͔͌͜͏͑̩
͚͇͒͐͘͞͔͇͔͌͏͎͖͇͉͔͕͙͗͘͉͏͍͙͌
ಱ̵͈͚͍͉͇͔͒͌͘ಯ͉͇͉͇͊͒ಱ̯͔͙͚͗͑͘͝͏͏͎͇
͈͎͕͖͇͔͕͙͌͘͘ಯ
̷̸̨̧̲̪̱̯́ 
ЗИЉАЋЉЖЎЖЉЗГЗДЖЉЛЉКЙЎЍЉ
̷͌͝͏͑͒͏͇͙͗͐͌͓͇͙͌͗͏͇͒͏͙͌͘͘͡
͘͏͓͉͕͇͒ ̶͕͙͇͉͙ͦ͐͌͘͕͖͇͕͉͑͑͏͙͌͉
͕͙͉͙͔͌͘͡͏͙͌͕͔͙͔͑͌͐͌͗͏͎͇
͗͌͝͏͑͒͏͇͔͙͕͗͌͏͓̶͕͓͕͔͙͊͌͌͎͇
͕͖͇͎͉͇͔͙͕͌͔͇͕͕͔͇͙͇͑͒͇͗͌͋͘͏
͕͉͕͙͕͌͑͟͞͎͇͉͋͗͌͇͙͕͑͑͏͎͇
͗͌͝͏͑͒͏͇͔͙͕͗͌͔͇͕͙͖͇͋͡͝͏͕͙
͙͌͒͌͑͗͏͌͑͘͞͏͏͙͕͔͔͌͒͌͑͗͏͚͗͌͋͏̴͌
͏͎͉͙͗͒ͦ͐͌͜͡͚͗͌͋͏͙͌͕͎͔͇͔͌͞͏͘͘͡
͘͏͓͉͕͇͒O ͎͇͔͕͌͋͘͈͏͙͕͉͇͙͇͓͙͌͘
̩͔͙͗͌͌͡͚͇͗͌͋͉͓͙͔͌͘͏ͦ͖͚͔͙͑͎͇
͗͌͝͏͑͒͏͇͔͗͌͏͒͏͌͘͕͈͔͙͗͌͌͡͓͑͡
͉͇͇͙͇͟͕͈͠͏͔͇͑͘͚͍͈͇͒͘
ZZZDHJFRP
6$'5ƾ$-
6,*851261(8387(,3267$9/-$1-(
23,6352,=92'$ 
69$.2'1(91$8325$%$
Î,ĢÈ(1-(,2'5Ŀ$9$1-(
=$6$95ơ(1(5(=8/7$7(
+YDODYDPQDRGDELUXRYRJ$(*SURL]YRGD3URL]YHOLVPRJDWDNRGDGXJR
JRGLQDEHVSULMHNRUQRUDGLSULPMHQRPLQRYDWLYQLKWHKQRORJLMDNRMHRODNģDYDMXŀLYRW
IXQNFLMHNRMHPRŀGDQHÉHWHSURQDÉLNRGRELÏQLKXUHÓDMD2GYRMLWHQHNROLNR
PLQXWDQDÏLWDQMHNDNRELVWHL]QMHJDL]YXNOLRQRQDMEROMH
3RVMHWLWHQDģHLQWHUQHWVNHVWUDQLFH
'RELWÉHWHVDYMHWHRNRULģWHQMXUMHģDYDQMXSUREOHPDEURģXUHLLQIRUPDFLMHR
VHUYLVXLSRSUDYFLPD
ZZZDHJFRPVXSSRUW
5HJLVWULUDMWHVYRMSURL]YRG]DEROMXXVOXJX
ZZZUHJLVWHUDHJFRP
.XSLWHGRGDWQXRSUHPXSRWURģQLPDWHULMDOLRULJLQDOQHUH]HUYQHGLMHORYH]D
VYRMXUHÓDM
ZZZDHJFRPVKRS
.25,61,Î.$6/8ƾ%$,6(59,6
8YLMHNNRULVWLWHRULJLQDOQH]DPMHQVNHGLMHORYH
.DGDNRQWDNWLUDWHQDģRYODģWHQLVHUYLVWUHEDWHLPDWLVOMHGHÉHSRGDWNH0RGHO
31&SDUWQXPEHUFRGHEURMÏDQDģLIUDGLMHODVHULMVNLEURM
3RGDFLVHPRJXQDÉLQDQD]LYQRMSORÏLFL
8SR]RUHQMHRSUH]VLJXUQRVQHLQIRUPDFLMH
2SÉHLQIRUPDFLMHLVDYMHWL
(NRORģNHLQIRUPDFLMH
=DGUŀDYDVHSUDYRQDL]PMHQH
6,*851261(8387(,3267$9/-$1-(
832=25(1-(
3RJOHGDMWHVLJXUQRVQX
NQMLŀLFXVXSXWDPD]D
SRVWDYOMDQMHUDGLSRGDWDNDR
VLJXUQRVWLLSRVWDYOMDQMX
3DŀOMLYRSURÏLWDMWHSRJODYOMDR
VLJXUQRVWLSULMHXSRUDEHLOL
RGUŀDYDQMDXUHÓDMD
+59$76., 
23,6352,=92'$
3UHJOHGXSUDYOMDÏNHSORÏH
1 2 3 4 5 6 7 8 9 10
)XQNFLMD 2SLV
8NOMXÏHQR,VNOMXÏHQR 8NOMXÏXMHLLVNOMXÏXMHQDSX
3UYDEU]LQD 0RWRUSUHEDFXMHQDSUYXUD]LQXEU]LQH
'UXJDEU]LQD 0RWRUSUHEDFXMHQDGUXJXUD]LQXEU]LQH
7UHÉDEU]LQD 0RWRUSUHEDFXMHQDWUHÉXUD]LQXEU]LQH
0DNVLPDOQDEU]LQD 0RWRUVHSUHEDFXMHQDPDNVLPDOQXUD]LQXEU]LQH
3RMDÏDQMHEU]LQH 0RWRUVHSUHEDFXMHQDPDNVLPDOQXUD]LQXEU]LQH1Dಣ
NRQPLQXWDXUHÓDMVHYUDÉDQDSUHWKRGQXSRVWDYNX
%UHH]H 1DSDUDGLQDQDMQLŀRMEU]LQL1DNRQPLQXWDXUHÓDM
VHLVNOMXÏXMH
2EDYLMHVWRILOWUX 3RGVMHWQLNQDSURPMHQXLOLÏLģÉHQMHILOWUDVXJOMHQRPL
ÏLģÉHQMHILOWUD]DPDVQRÉX
+REt+RRG ,QGLNDWRUIXQNFLMH]DXSUDYOMDQMHQDSRPVSORÏH]DNXಣ
KDQMH
 ĿDUXOMD 8NOMXÏXMHLLVNOMXÏXMHVYMHWOR
69$.2'1(91$8325$%$
8SRUDEDQDSH
3URYMHULWHSUHSRUXÏHQXEU]LQXSUHPD
WDEOLFLXQDVWDYNX
3ULOLNRP]DJULMDYDQMDKUDQHNXKDQMDVSRNULYHQLPSRಣ
VXGDPD
3ULOLNRPNXKDQMDVSRNULYHQLPSRVXGDPDQDYLģH]Rಣ
QDNXKDQMDLOLSODPHQLNDODJDQRSUŀHQMH
3ULOLNRPNOMXÏDQMDLSUŀHQMDYHOLNLKNROLÏLQDKUDQHEH]
SRNORSFDNXKDQMDQDYLģH]RQDNXKDQMDLOLSODPHQLಣ
ND
ZZZDHJFRP
L 3ULOLNRPNOMXÏDQMDLSUŀHQMDYHOLNLKNROLÏLQHKUDQHEH]
SRNORSFDYLVRNDYODŀQRVW
2VYMHŀDYD]UDNXNXKLQMLQDNRQNXKDQMDQDYUORQLVNRM
UD]LQLEXNH0RŀHVHDNWLYLUDWLLGHDNWLYLUDWLGRGLURP
VLPEROD)XQNFLMDVHDXWRPDWVNLLVNOMXÏXMHQDNRQ
PLQXWD.RULVWLVHVDPRQDNRQNXKDQMD
3UHSRUXÏDVHRVWDYLWLQDSX
GDUDGLRNRPLQXWDQDNRQ
NXKDQMD
8SUDYOMDÏNDSORÏDMHSROMH
VHQ]RUD'RGLUQLWHVLPEROH
QDVHNXQGX]DDNWLYLUDQMH
IXQNFLMH
=DXSUDYOMDQMHQDSRP
 8NOMXÏLWHXUHÓDMSULWLVNRPVLPEROD
6DGPRŀHWHXNOMXÏLWLIXQNFLMH
 =DXNOMXÏLYDQMHIXQNFLMHGRGLUQLWH
VLPERO
 $NRMHSRWUHEQRGRGLUQLWHVLPERO]D
VYMHWOR ]DRVYMHWOMDYDQMHSRYUģLQH
]DNXKDQMH=DSURPMHQXLQWHQ]LWHWD
VYMHWODSRQRYQRGRGLUQLWHLGUŀLWH
VLPERO
=DLVNOMXÏLYDQMHXUHÓDMDSRQRYQR
SULWLVQLWHVLPERO
+REt+RRGIXQNFLMD
7RMHDXWRPDWVNDIXQNFLMDNRMDSRYH]XMH
SORÏX]DNXKDQMHVNXKLQMVNRPQDSRP
3ORÏD]DNXKDQMHLNXKLQMVNDQDSDLPDMX
NRPXQLNDFLMXSUHNRLQIUDFUYHQRJVLJQDOD
%U]LQDYHQWLODWRUDDXWRPDWVNLVH
RGUHÓXMHQDWHPHOMXSRVWDYOMHQRJQDÏLQD
UDGDLWHPSHUDWXUHQDMWRSOLMHSRVXGHQD
SORÏL]DNXKDQMH9HQWLODWRUPRŀHWH
NRULVWLWLLX]UXÏQXXSRUDEXSORÏH]D
NXKDQMH)XQNFLMDVHPRŀHXNOMXÏLWLV
NRQWUROQHSORÏHQDSORÏL]DNXKDQMH
=DYLģHLQIRUPDFLMDRXSRUDEL
IXQNFLMHSRJOHGDMWH
NRULVQLÏNLSULUXÏQLNSORÏH
8NOMXÏLYDQMHPDNVLPDOQH
EU]LQHPRWRUD
.DGDGRGLUQHWHWLSNX PDNVLPDOQD
EU]LQDPRWRUDSRÏLQMHUDGLWLXWUDMDQMXRG
PLQXWD1DNRQWRJYUHPHQDXUHÓDMVH
YUDÉDQDVYRMHSUHWKRGQHSRVWDYNH
EU]LQH
.DGDMHIXQNFLMDXNOMXÏHQD
GRGDWQLGRGLUQDWLSNX
QHPDQLNDNDYXÏLQDN
2EDYLMHVWRILOWUX
$ODUPILOWUDSRGVMHÉDQDSURPMHQXLOL
ÏLģÉHQMHILOWUDVXJOMHQRPLÏLģÉHQMHILOWUD
]DPDVQRÉX,QGLNDWRUILOWUD MH
XNOMXÏHQQDVHNXQGLDNRVHILOWDU]D
PDVQRÉXPRUDRÏLVWLWL,QGLNDWRUILOWUD
WUHSHULQDVHNXQGLDNRILOWDUV
XJOMHQRPWUHED]DPLMHQLWLLOLRÏLVWLWL
3RJOHGDMWHÏLģÉHQMHILOWUD]D
PDVQRÉXXSRJODYOMXR
RGUŀDYDQMXLÏLģÉHQMX
3RJOHGDMWHÏLģÉHQMHLOL
]DPMHQXILOWUDVXJOMHQRPX
SRJODYOMXRRGUŀDYDQMXL
ÏLģÉHQMX
=DUHVHWLUDQMHIXQNFLMHGRGLUQLWH QD
VHNXQGH
=DDNWLYLUDQMHLOLGHDNWLYLUDQMHIXQNFLMH
 8NOMXÏLWHXSUDYOMDÏNXSORÏX
 8YMHULWHVHGDVXLNRQHSRVWDOHELMHOH
 =DXNOMXÏLYDQMHIXQNFLMHGRGLUQLWH
QDVHNXQGH
$NRMHIXQNFLMDXNOMXÏHQDLNRQDILOWUD
WUHSHULSHWSXWD
 =DLVNOMXÏLYDQMHIXQNFLMHGRGLUQLWH
QDVHNXQGH
+59$76., 
$NRMHIXQNFLMDLVNOMXÏHQDLNRQDILOWUD
WUHSHULWULSXWD
Î,ơÈ(1-(,2'5ƾ$9$1-(
1DSRPHQHRÏLƢÉHQMX
6UHGVWYD]D
ÏLƢÉHQMH
1HPRMWHNRULVWLWLDEUD]LYQHGHWHUGƿHQWHLÏHWNH
3RYUģLQXXUHÓDMDRÏLVWLWHPHNRPNUSRPQDPRÏHQRPXPODNXYRGXL
EODJLPGHWHUGŀHQWRP
1DNRQNXKDQMDQHNLGLMHORYLXUHÓDMDPRJXVH]DJULMDWL'DELVWHL]EMHJOL
PUOMHXUHÓDMWUHEDRKODGLWLLRVXģLWLÏLVWRPNUSRPLOLSDSLUQDWLPUXÏQLFLಣ
PD
0UOMHRÏLVWLWHEODJLPGHWHUGŀHQWRP
5HGRYLWRÏLVWLWH
QDSX
6YDNLPMHVHFÏLVWLWHXUHÓDMLILOWUH]DPDVQRÉX8QXWUDģQMRVWLILOWUH]D
PDVQRÉXSDŀOMLYRRGPDVWLWH1DNXSOMDQMHPDVWLLOLGUXJLKRVWDWDNDPRŀH
X]URNRYDWLSRŀDU
.DGDMHREDYLMHVWRILOWUXXNOMXÏHQDVOLMHGLWHXSXWH]DÏLģÉHQMHGRGDWDND
3RJOHGDMWH2EDYLMHVWRILOWUXXSRJODYOMX6YDNRGQHYQDXSRUDED
)LOWUL]DPDVQRÉXPRJXVHSUDWLXSHULOLFLSRVXÓD
3HULOLFDPRUDELWLSRVWDYOMHQDQDQLVNXWHPSHUDWXUXLNUDWDNFLNOXV)LOWDU
]DPDVQRÉXPRŀHL]JXELWLERMXWRQHPDXWMHFDMDQDUDGXUHÓDMD
)LOWDUVXJOMH഻
QRP
9ULMHPH]DVLÉHQMDILOWUDVXJOMHQRPYDULUDRYLVQRRYUVWLNXKDQMDLSUDYLOಣ
QRVWLÏLģÉHQMDILOWUD]DPDVQRÉX)LOWDUVDNWLYQLPXJOMHQRPQLMHPRJXÉH
SUDWLQHPRŀHVHREQRYLWLLPRUDVH]DPLMHQLWLRWSULOLNHVYDNLKGR
PMHVHFLUDGDLOLÏHģÉH]DRVRELWRXÏHVWDOXXSRWUHEX
ÎLƢÉHQMHILOWUD]D
PDVQRÉX
)LOWULVHPRQWLUDMXSRPRÉXNRSÏLL]DWLND
QDVXSURWQRMVWUDQL
=DÏLƢÉHQMHILOWUD
 3RYXFLWHSRNORSDFGDELVWHJD
RWYRULOL
1
 3ULWLVQLWHUXÏNXPRQWDŀQHNRSÏHQD
SORÏLILOWUDLVSRGQDSH
1
2
 /DJDQRQDJQLWHSUHGQMLGLRILOWUD
SUHPDGROMHD]DWLPJDSRYXFLWH
3RQRYLWHSUYDGYDNRUDND]DVYHILOWUH
ZZZDHJFRP
 2ÏLVWLWHILOWUHSRPRÉXVSXŀYHV
QHDEUD]LYQLPGHWHUGŀHQWLPDLOLX
SHULOLFLSRVXÓD
3HULOLFDPRUDELWLSRVWDYOMHQD
QDQLVNXWHPSHUDWXUXL
NUDWDNFLNOXV)LOWDU]D
PDVQRÉXPRŀHL]JXELWLERMX
QHPDXWMHFDMDQDUDG
XUHÓDMD
 =DPRQWDŀXILOWUDQD]DGVOLMHGLWHSUYD
GYDNRUDNDREUQXWLPUHGRVOLMHGRP
3RQRYLWHNRUDNH]DVYHILOWUHDNRMH
SULPMHQMLYR
=DPMHQDILOWUDVXJOMHQRP
832=25(1-(
)LOWDUVXJOMHQRPQLMHSHULY
=DPMHQDILOWUD
 ,]YDGLWHILOWUH]DPDVQRÉXL]XUHÓDMD
3RJOHGDMWHÎLģÉHQMHILOWUD]DPDVQRÉXX
RYRPSRJODYOMX
 3RYXFLWHMH]LÏNHSUHPDGRQMHPGLMHOX
ILOWUD3RVWRMHGYDILOWUDVXJOMHQRP
-HGDQVHQDOD]LLVSRGDGUXJLQD
SUHGQMRMVWUDQLXUHÓDMD
 /DJDQRQDJQLWHSUHGQMLGLRILOWUD
SUHPDGROMHD]DWLPJDSRYXFLWH
 'DELVWHLQVWDOLUDOLQRYLILOWDUL]YUģLWH
LVWHNRUDNHREUQXWLPUHGRVOLMHGRP
8VYDNRPVOXÏDMXSRWUHEQRMH]DPLMHQLWL
ILOWUHQDMPDQMHVYDNDÏHWLULPMHVHFD
=DPMHQDƿDUXOMH
2YDMXUHÓDMRSUHPOMHQMH/('ŀDUXOMRP
2YDMGLRPRŀH]DPLMHQLWLVDPRWHKQLÏDU
8VOXÏDMXELORNDNYHQHLVSUDYQRVWL
SRJOHGDMWH6HUYLVXSRJODYOMX
6LJXUQRVQHXSXWH
%5,*$=$2.2/,ơ
5HFLNOLUDMWHPDWHULMDOHVDVLPERORP 
$PEDODŀX]DUHFLNOLUDQMHRGORŀLWHX
SULNODGQHVSUHPQLNH3RPR]LWHX]DģWLWL
RNROLģDLOMXGVNRJ]GUDYOMDNDRLX
UHFLNOLUDQMXRWSDGDRGHOHNWULÏQLKL
HOHNWURQLÏNLKXUHÓDMD8UHÓDMHR]QDÏHQH
VLPERORP QHEDFDMWH]DMHGQRVNXÉQLP
RWSDGRP3URL]YRGRGQHVLWHQDORNDOQR
UHFLNODŀQRPMHVWRLOLNRQWDNWLUDMWH
QDGOHŀQXVOXŀEX
+59$76., 
2%6$+
%(=3(Î12671,1)250$&($,167$/$&( 
323,66327Ě(%,Î(
'(11328Ŀ91
Î,Ģ7Ü1$'5Ŀ%$
352'2.21$/96/('.<
'ÝNXMHPHY£PŀHMVWHVL]YROLOLY¿UREHN]QDÏN\$(*$E\Y£PEH]FK\EQÝVORXŀLO
PQRKROHWY\URELOLMVPHMHMVSRPRF¯LQRYDWLYQ¯FKWHFKQRORJL¯NWHU«XVQDGĊXM¯
ŀLYRWDY\EDYLOLIXQNFHPLNWHU«XRE\ÏHMQ¿FKVSRWěHELÏıQHVS¯ģQHQDMGHWH$E\
Y£PVORXŀLOFRQHMO«SHVWDϯYÝQRYDWS£UPLQXWÏWHQ¯
1DYģWLYWHQDģHZHERY«VWU£QN\
5DG\NSRXŀ¯Y£Q¯EURŀXU\SRUDGFHSěLSRW¯ŀ¯FKDLQIRUPDFHRVHUYLVXD
RSUDY£FK]¯VN£WHQD
ZZZDHJFRPVXSSRUW
=DUHJLVWUXMWHVYıMVSRWěHELÏD]¯VNHMWHOHSģ¯VHUYLV
ZZZUHJLVWHUDHJFRP
1£NXSSě¯VOXģHQVWY¯VSRWěHEQ¯KRPDWHUL£OXDRULJLQ£OQ¯FKQ£KUDGQ¯FKG¯OıSUR
Y£ģVSRWěHELÏ
ZZZDHJFRPVKRS
3Î(2=.$=1.<$6(59,6
'RSRUXÏXMHPHSRXŀ¯YDWRULJLQ£OQ¯Q£KUDGQ¯G¯O\
9Sě¯SDGÝNRQWDNWRY£Q¯QDģHKRDXWRUL]RYDQ«KRVHUYLVQ¯KRVWěHGLVNDPÝMWHXVHEH
Q£VOHGXM¯F¯¼GDMH0RGHOY¿UREQ¯ϯVORV«ULRY«ϯVOR
7\WRLQIRUPDFHQDOH]QHWHQDW\SRY«PģW¯WNX
9DURY£Q¯'ıOHŀLW«EH]SHÏQRVWQ¯LQIRUPDFH
9ģHREHFQ«LQIRUPDFHDUDG\
,QIRUPDFHRRFKUDQÝŀLYRWQ¯KRSURVWěHG¯
=P×Q\Y\KUD]HQ\
%(=3(Î12671,1)250$&($,167$/$&(
9$5291
%H]SHÏQRVWQ¯LQIRUPDFHD
LQVWDODFLQDOH]QHWHY
VDPRVWDWQ£Sě¯UXÏFHV
SRN\Q\NLQVWDODFL3ěHG
MDN¿PNROLYSRXŀLW¯PÏL
¼GUŀERXVSRWěHELÏHVL
SHÏOLYÝSěHÏWÝWHNDSLWRO\R
EH]SHÏQRVWL
ZZZDHJFRP
323,66327Ě(%,Î(
3ěHKOHGRYO£GDF¯KRSDQHOX
1 2 3 4 5 6 7 8 9 10
)XQNFH 3RSLV
=DS9\S 6ORXŀ¯N]DSQXW¯DY\SQXW¯RGVDYDÏHSDU
3UYQ¯QDVWDYHQ¯RW£ÏHN 0RWRUSěHSQHQDSUYQ¯QDVWDYHQ¯RW£ÏHN
'UXK«QDVWDYHQ¯RW£ÏHN 0RWRUSěHSQHQDGUXK«QDVWDYHQ¯RW£ÏHN
7ěHW¯QDVWDYHQ¯RW£ÏHN 0RWRUSěHSQHQDWěHW¯QDVWDYHQ¯RW£ÏHN
0D[LP£OQ¯RW£ÏN\ 0RWRUSěHSQHQDPD[LP£OQ¯QDVWDYHQ¯RW£ÏHN
3RV¯OHQ¯RW£ÏHN 0RWRUSěHSQHQDPD[LP£OQ¯QDVWDYHQ¯RW£ÏHN3RPLಣ
QXW£FKVHVSRWěHELÏYU£W¯NSěHGFKR]¯PXQDVWDYHQ¯
)XQNFH%UHH]H 2GVDYDÏSDUSUDFXMHSěLQHMQLŀģ¯FKRW£ÏN£FK3R
PLQXW£FKVHVSRWěHELÏY\SQH
8SR]RUQÝQ¯QDY¿PÝQX
ILOWUX 8SR]RUĊXMHQDQXWQRVWY¿PÝQ\QHERY\ÏLģWÝQ¯XKO¯NRಣ
Y«KRILOWUXDY\ÏLģWÝQ¯WXNRY«KRILOWUX
+REt+RRG 8ND]DWHOIXQNFHNRYO£G£Q¯RGVDYDÏHSDU]YDUQ«GHVಣ
N\
 2VYÝWOHQ¯ 6ORXŀ¯N]DSQXW¯DY\SQXW¯RVYÝWOHQ¯
'(11328ƾ91
3RXƿ¯Y£Q¯RGVDYDÏHSDU
'RSRUXÏHQ«RW£ÏN\QDOH]QHWHYQ¯ŀH
XYHGHQ«WDEXOFH
3ěLRKěHYXM¯GODSěLYDěHQ¯VH]DNU\W¿PLQ£GREDPL
3ěLYDěHQ¯VH]DNU\W¿PLQ£GREDPLQDY¯FHYDUQ¿FK]µಣ
Q£FKQHERKRě£F¯FKSěLP¯UQ«PVPDŀHQ¯
3ěLYDěHQ¯YRG\DVPDŀHQ¯YHON«KRPQRŀVWY¯M¯GOD
EH]SRNOLFHSěLYDěHQ¯QDY¯FHYDUQ¿FK]µQ£FKQHER
KRě£F¯FK
Î(6.< 
D 3ěLYDěHQ¯YRG\DVPDŀHQ¯YHON«KRPQRŀVWY¯M¯GOD
EH]SRNOLFHSěLY\VRN«YOKNRVWL
2VYÝŀXMHY]GXFKYNXFK\QLSRYDěHQ¯SěLYHOPLQ¯]N«
KODGLQÝKOXNX)XQNFLO]H]DSQRXWDY\SQRXWVWLVNQXಣ
W¯PV\PEROX)XQNFHVHDXWRPDWLFN\Y\SQHSRPLಣ
QXW£FK3RXŀ¯YHMWHSRX]HSRYDěHQ¯
'RSRUXÏXMHVHQHFKDW
RGVDYDÏSDU]DSQXW¿MHģWÝ
SěLEOLŀQÝPLQXWSR
GRNRQÏHQ¯Sě¯SUDY\M¯GOD
2YO£GDF¯SDQHOMHVHQ]RURY«
WODϯWNR)XQNFH]DSQHWH
VWLVNQXW¯PSě¯VOXģQ«KR
V\PEROXQDVHNXQGX
-DNXY«VWGRSURYR]XRGVDYDÏSDU
 6SRWěHELÏ]DSQHWHVWLVNQXW¯P
V\PEROX
1\Q¯PıŀHWH]DSQRXWIXQNFH
 .]DSQXW¯IXQNFHVWLVNQÝWHV\PERO
 9Sě¯SDGÝSRWěHE\VWLVNQÝWHV\PERO
RVYÝWOHQ¯ SURRVYÝWOHQ¯YDUQ«
SORFK\3UR]PÝQXLQWHQ]LW\RVYÝWOHQ¯
VWLVNQÝWHDSRGUŀWHRSÝWWHQWR
V\PERO
6SRWěHELÏY\SQHWHRSÝWRYQ¿PVWLVNQXW¯P
V\PEROX
+REt+RRGIXQNFH
-HGQ£VHRDXWRPDWLFNRXIXQNFLNWHU£
VSRM¯YDUQRXGHVNXVRGVDYDÏHPSDU
-DNYDUQ£GHVNDWDNRGVDYDÏSDUMVRX
Y\EDYHQ\LQIUDÏHUYHQ¿PY\V¯ODÏHP
5\FKORVWYHQWLO£WRUXVHě¯G¯DXWRPDWLFN\
QD]£NODGQÝUHŀLPXQDVWDYHQ¯DWHSORW\
QHMWHSOHMģ¯YDUQ«Q£GRE\QDYDUQ«GHVFH
9HQWLO£WRUO]HWDN«SURVWěHGQLFWY¯PYDUQ«
GHVN\RYO£GDWUXÏQÝ)XQNFLO]H]DSQRXW
]SDQHOXYDUQ«GHVN\
'DOģ¯LQIRUPDFHRSRXŀLW¯
IXQNFHQDMGHWHYQ£YRGXN
SRXŀLW¯YDUQ«GHVN\
$NWLYDFHPD[LP£OQ¯FK
RW£ÏHNPRWRUX
.G\ŀVWLVNQHWHWODϯWNR PRWRUEXGH
RVPPLQXWSUDFRYDWSěLPD[LP£OQ¯FK
RW£ÏN£FK3RW«WRGREÝVHVSRWěHELÏYU£W¯
NSěHGFKR]¯PXQDVWDYHQ¯RW£ÏHN
.G\ŀMHIXQNFHVSXģWÝQ£
GDOģ¯VWLVNQXW¯WODϯWND
QHP£ŀ£GQ¿YOLY
8SR]RUQÝQ¯QDY¿PÝQX
ILOWUX
.RQWURONDY¿VWUDK\ILOWUXXSR]RUĊXMHQD
QXWQRVWY¿PÝQ\QHERY\ÏLģWÝQ¯
XKO¯NRY«KRILOWUXDY\ÏLģWÝQ¯WXNRY«KR
ILOWUX3RNXGNRQWURONDILOWUX VY¯W¯
VHNXQGMHQXWQ«Y\ÏLVWLWWXNRY¿ILOWU
3RNXGNRQWURONDILOWUX EOLN£VHNXQG
MHQXWQ«Y\PÝQLWQHERY\ÏLVWLWXKO¯NRY¿
ILOWU
9L]SRN\Q\NÏLģWÝQ¯
WXNRY«KRILOWUXYNDSLWROH
ÎLģWÝQ¯D¼GUŀED
9L]SRN\Q\NÏLģWÝQ¯
XKO¯NRY«KRILOWUXQHER
Y¿PÝQÝXKO¯NRY«KRILOWUXY
NDSLWROHÎLģWÝQ¯D¼GUŀED
)XQNFLUHVHWXMWHVWLVNQXW¯P QD
VHNXQG\
=DSQXW¯QHERY\SQXW¯IXQNFH
 =DSQÝWHRYO£GDF¯SDQHO
 8MLVWÝWHVHŀHLNRQ\MVRXE¯O«
 )XQNFL]DSQHWHVWLVNQXW¯P QD
VHNXQG\
-HOLIXQNFH]DSQXW£LNRQDILOWUX
SÝWNU£W]DEOLN£
ZZZDHJFRP
 7XWRIXQNFLY\SQHWHVWLVNQXW¯P QD
VHNXQG\ -HOLIXQNFHY\SQXW£LNRQDILOWUX WěLNU£W
]DEOLN£
Î,ơ7Ü1$'5ƾ%$
3R]Q£PN\NÏLƢWÝQ¯
ÎLVWLF¯SUR഻
VWěHGN\
1HSRXƿ¯YHMWHDEUD]LYQ¯ÏLVWLF¯SURVWěHGN\DNDUW£ÏH
3RYUFKVSRWěHELÏHRWěHWHPÝNN¿PKDGě¯NHPQDPRÏHQ¿PYUR]WRNXWHಣ
SO«YRG\DģHWUQ«KRP\F¯KRSURVWěHGNX
3RYDěHQ¯VHPRKRXQÝNWHU«Ï£VWLVSRWěHELÏH]DKě£W$E\VWH]DEU£QLOL
VNYUQ£PPXV¯VSRWěHELÏY\FKODGQRXDMHQXWQ«MHMY\VXģLWÏLVWRXO£WNRಣ
YRXQHERSDS¯URYRXXWÝUNRX
6NYUQ\Y\ÏLVWÝWHSRPRF¯ģHWUQ«KRÏLVWLF¯KRSURVWěHGNX
2GVDYDÏSDU
XGUƿXMWHYƿG\
ÏLVW¿
6SRWěHELÏDWXNRY«ILOWU\ÏLVWÝWHNDŀG¿PÝV¯F9QLWěHNDWXNRY«ILOWU\ģHಣ
WUQÝRÏLVWÝWHRGWXNX+URPDGÝQ¯PDVWQRW\ÏL]E\WNıM¯GHOPıŀH]SıVRಣ
ELWSRŀ£U
.G\ŀVH]REUD]XMHXSR]RUQÝQ¯ILOWUXěLÑWHVHSRN\Q\NÏLģWÝQ¯Sě¯VOXģHQಣ
VWY¯9L]Ï£VW8SR]RUQÝQ¯ILOWUXYNDSLWROH'HQQ¯SRXŀ¯Y£Q¯
7XNRY«ILOWU\O]HP¿WYP\ÏFHQ£GRE¯
0\ÏNDQ£GRE¯PXV¯E¿WQDVWDYHQDQDQ¯]NRXWHSORWXDNU£WN¿SURJUDP
8WXNRY«KRILOWUXPıŀHGRM¯WNEDUHYQ«]PÝQÝDOHQHP£WRŀ£GQ¿YOLY
QDY¿NRQVSRWěHELÏH
8KO¯NRY¿ILOWU
'REDQDV\FHQ¯XKO¯NRY«KRILOWUXVHOLģ¯Y]£YLVORVWLQDW\SXSě¯SUDY\M¯GOD
DÏHWQRVWLÏLģWÝQ¯WXNRY«KRILOWUX$NWLYQ¯XKO¯NRY¿ILOWUQHQ¯RP\YDWHOQ¿
QHO]HMHMUHJHQHURYDWDMHQXWQ«MHMY\PÝQLWNDŀG¿FKPÝV¯FıSRXŀ¯ಣ
Y£Q¯QHERÏDVWÝMLYSě¯SDGÝRE]YO£ģWÝYHON«KRY\W¯ŀHQ¯
ÎLƢWÝQ¯WXNRY«KRILOWUX
)LOWU\MVRXXFK\FHQ\QDSURWÝMģ¯VWUDQÝ
SRPRF¯¼FK\WHNDVYRUHN
ÎLƢWÝQ¯ILOWUX
 9\WDŀHQ¯PNU\WRWHYěHWH
1
 6WLVNQÝWHGUŀDGOR¼FK\WN\QDSDQHOX
ILOWUXSRGRGVDYDÏHPSDU
1
2
 3ěHGQ¯Ï£VWILOWUXQDNORSWHP¯UQÝGROı
DSRW«]DW£KQÝWH
2SDNXMWHSUYQ¯GYDNURN\SRVWXSXX
YģHFKILOWUı
Î(6.< 
 )LOWU\RÏLVWÝWHSRPRF¯KRXELÏN\V
QHDEUD]LYQ¯PLÏLVWLF¯PLSURVWěHGN\
QHERSRXŀLMWHP\ÏNXQ£GRE¯
0\ÏNDQ£GRE¯PXV¯E¿W
QDVWDYHQDQDQ¯]NRXWHSORWX
DNU£WN¿SURJUDP8
WXNRY«KRILOWUXPıŀHGRM¯WNH
]PÝQÝEDUY\FRŀDOHQHP£
ŀ£GQ¿YOLYQDY¿NRQ
VSRWěHELÏH
 3URLQVWDODFLILOWUı]SÝWSURYHÑWHSUYQ¯
GYDNURN\SRVWXSXYRSDÏQ«P
SRěDG¯
9Sě¯SDGÝSRWěHE\RSDNXMWHSRVWXSX
YģHFKILOWUı
9¿PÝQDXKO¯NRY«KRILOWUX
9$5291
8KO¯NRY¿ILOWUMH
QHRP\YDWHOQ¿
9¿PÝQDILOWUX
 9\MPÝWHWXNRY«ILOWU\]HVSRWěHELÏH
9L]ಱÎLģWÝQ¯WXNRY«KRILOWUXಯYW«WR
NDSLWROH
 =DW£KQÝWH]RXEN\VPÝUHPNGROQ¯
Ï£VWLILOWUX-VRXLQVWDORY£Q\GYD
XKO¯NRY«ILOWU\-HGHQMHXP¯VWÝQSRG
VSRWěHELÏHPDGUXK¿QDMHKRSěHGQ¯
VWUDQÝ
 3ěHGQ¯Ï£VWILOWUXQDNORSWHP¯UQÝGROı
DSRW«]DW£KQÝWH
 3ěLLQVWDODFLQRY«KRILOWUXSURYHÑWH
VWHMQ¿SRVWXSYRSDÏQ«PSRěDG¯
9NDŀG«PSě¯SDGÝMHQXWQ«PÝQLWILOWU\
QHMP«QÝNDŀG«ÏW\ěLPÝV¯FH
9¿PÝQDƿ£URYN\
6SRWěHELÏVHGRG£Y£Vŀ£URYNRXW\SX
/('7HQWRG¯OVP¯Y\PÝQLWSRX]H
ģNROHQ¿WHFKQLN9Sě¯SDGÝMDN«NROLY
]£YDG\YL]Ï£VWಱ6HUYLVಯYNDSLWROH
ಱ%H]SHÏQRVWQ¯SRN\Q\ಯ
32=10.<.2&+5$1Üƾ,9271+235267Ě('
5HF\NOXMWHPDWHUL£O\R]QDÏHQ«
V\PEROHP 2EDO\Y\KRÑWHGR
Sě¯VOXģQ¿FKRGSDGQ¯FKNRQWHMQHUıN
UHF\NODFL3RP£KHMWHFKU£QLWŀLYRWQ¯
SURVWěHG¯DOLGVN«]GUDY¯DUHF\NORYDW
HOHNWULFN«DHOHNWURQLFN«VSRWěHELÏH
XUÏHQ«NOLNYLGDFL6SRWěHELÏHR]QDÏHQ«
Sě¯VOXģQ¿PV\PEROHP QHOLNYLGXMWH
VSROXVGRPRYQ¯PRGSDGHP6SRWěHELÏ
RGHY]GHMWHYP¯VWQ¯PVEÝUQ«PGYRěH
QHERNRQWDNWXMWHP¯VWQ¯¼ěDG
ZZZDHJFRP
,1'+2/'6)257(*1(/6(
6,..(5+('6,1)250$7,212*,167$//$7,21
352'8.7%(6.5,9(/6(
'$*/,*%58*
9('/,*(+2/'(/6(2*5(1*5,1*
7,/3(5)(.7(5(68/7$7(5
7DNIRUGLGXYDOJWHGHWWH$(*SURGXNW9LKDUVNDEWGHWIRUDWJLYHGLJXS§NODJHOLJ
\GHHYQHLPDQJH§UPHGLQQRYDWLYHWHNQRORJLHUVRPJºUOLYHWOHWWHUHದIXQNWLRQHU
VRPGXP§VNHLNNHILQGHUS§DOPLQGHOLJHDSSDUDWHU%UXJHWSDUPLQXWWHUS§DW
O¨VHPHUHದV§GXNDQI§GHWEHGVWHXGDIGHW
%HVºJYRUHVKMHPPHVLGHIRUDW
I§U§GJLYQLQJEURFKXUHUIHMOILQGLQJVHUYLFHRJUHSDUDWLRQVLQIRUPDWLRQ
ZZZDHJFRPVXSSRUW
5HJLVWU«UGLWSURGXNWIRUDWI§EHGUHVHUYLFH
ZZZUHJLVWHUDHJFRP
.ºEWLOEHKºUIRUEUXJVYDUHURJRULJLQDOHUHVHUYHGHOHWLOGLWDSSDUDW
ZZZDHJFRPVKRS
.81'(3/(-(2*6(59,&(
%UXJDOWLGRULJLQDOHUHVHUYHGHOH
6ºUJIRUDWKDYHIºOJHQGHGDWDNODUQ§UGXNRQWDNWHUYRUHVDXWRULVHUHGH
VHUYLFHFHQWHU0RGHO31&VHULHQXPPHU
2SO\VQLQJHUQHILQGHVS§W\SHVNLOWHW
$GYDUVHOIRUVLJWLJVLNNHUKHGVDQYLVQLQJHU
*HQHUHOOHRSO\VQLQJHURJU§G
0LOMºRSO\VQLQJHU
5HWWLO¨QGULQJHUXGHQYDUVHOIRUEHKROGHV
6,..(5+('6,1)250$7,212*,167$//$7,21
$'9$56(/
6HGHWVHSDUDWHK¨IWHPHG
LQVWDOODWLRQVLQVWUXNWLRQHUIRU
VLNNHUKHGVLQIRUPDWLRQRJ
LQVWDOODWLRQ/¨VNDSLWOHUQH
RPVLNNHUKHGRPK\JJHOLJW
LQGHQHQKYHUEUXJHOOHU
YHGOLJHKROGHOVHDIDSSDUDWHW
'$16. 
352'8.7%(6.5,9(/6(
2YHUVLJWRYHUEHWMHQLQJVSDQHO
1 2 3 4 5 6 7 8 9 10
)XQNWLRQ %HVNULYHOVH
7¨QGVOXN 6O§UHPK¨WWHQWLORJIUD
)ºUVWHKDVWLJKHG 0RWRUHQVNLIWHUWLOIºUVWHKDVWLJKHGVQLYHDX
$QGHQKDVWLJKHG 0RWRUHQVNLIWHUWLODQGHWKDVWLJKHGVQLYHDX
7UHGMHKDVWLJKHG 0RWRUHQVNLIWHUWLOWUHGMHKDVWLJKHGVQLYHDX
0DNVLPDOKDVWLJKHG 0RWRUHQVNLIWHUWLOPDNVLPDOWKDVWLJKHGVQLYHDX
+DVWLJKHGVERRVW 0RWRUHQVNLIWHUWLOPDNVLPDOWKDVWLJKHGVQLYHDX(IWHU
PLQXWWHUVNLIWHUDSSDUDWHWWLOEDJHWLOGHQIRUULJHLQGVWLOಣ
OLQJ
%ULVH (PK¨WWHQNºUHUS§GHQODYHVWHKDVWLJKHG(IWHUPLಣ
QXWWHUVOXNNHUDSSDUDWHW
)LOWHUPHGGHOHOVH 0LQGHUEUXJHUHQRPDWVNLIWHHOOHUUHQJºUHNXOILOWHUHWRJ
RPDWUHQJºUHIHGWILOWHUHW
+REt+RRG ,QGLNDWRUIRUIXQNWLRQHQWLODWVW\UHHPK¨WWHQIUDNRJHಣ
VHNWLRQHQ
 2YQS¨UH 6O§UO\VHWWLORJIUD
'$*/,*%58*
%UXJDIHPK¨WWHQ
.RQWUROOHUGHQDQEHIDOHGHKDVWLJKHGL
KHQKROGWLOQHGHQVW§HQGHWDEHO
2SYDUPQLQJDIPDGRJWLOEHUHGQLQJPHGJU\GHUPHG
O§JS§
7LOEHUHGQLQJDIPDGLJU\GHUPHGO§JS§S§IOHUHNRಣ
JH]RQHUHOOHUEOXVOHWVWHJQLQJ
.RJQLQJRJVWHJQLQJDIVWRUHP¨QJGHUPDGXGHQO§J
S§PDGWLOEHUHGQLQJS§IOHUHNRJH]RQHUHOOHUEOXV
ZZZDHJFRP
RJ .RJQLQJRJVWHJQLQJDIVWRUHP¨QJGHUPDGXGHQO§J
S§PHJHQIXJW
)ULVNHUOXIWHQRSLNºNNHQHWHIWHUWLOEHUHGQLQJYHGHW
PHJHWODYWVWºMQLYHDX'HQNDQDNWLYHUHVRJGHDNWLYHಣ
UHVYHGDWEHUºUHV\PEROHW)XQNWLRQHQVOXNNHUDXWRಣ
PDWLVNHIWHUPLQXWWHU%UXJNXQHIWHUWLOEHUHGQLQJ
9LDQEHIDOHUDWPDQODGHU
HPK¨WWHQNºUHYLGHUHLFD
PLQXWWHUHIWHU
PDGODYQLQJHQ
%HWMHQLQJVSDQHOHWHUHW
VHQVRUIHOW7U\NS§
V\PEROHUQHLVHNXQGIRUDW
DNWLYHUHIXQNWLRQHUQH
)RUDWEHWMHQHHPK¨WWHQ
 7¨QGDSSDUDWHWYHGDWWU\NNHS§
V\PEROHW
1XNDQGXDNWLYHUHIXQNWLRQHUQH
 %HUºUV\PEROHWIRUDWDNWLYHUH
IXQNWLRQHQ
 +YLVGHWHUQºGYHQGLJWEHUºUHV
O\VLNRQHW IRUDWRSO\VH
PDGODYQLQJVRYHUIODGHQ)RUDW¨QGUH
O\VLQWHQVLWHWHQEHUºUHVLNRQHWRJ
KROGHVQHGHLJHQ
6OXNIRUDSSDUDWHWYHGDWWU\NNHS§LNRQHW
LJHQ
+REt+RRGIXQNWLRQ
'HWHUHQDYDQFHUHWDXWRPDWLVNIXQNWLRQ
VRPIRUELQGHUNRJHVHNWLRQHQWLOHQV¨UOLJ
HPK¨WWH%§GHNRJHVHNWLRQHQRJ
HPK¨WWHQKDUHQLQIUDUºG
VLJQDONRPPXQLNDWRU%O¨VHUHQV
KDVWLJKHGGHILQHUHVDXWRPDWLVNS§
EDJJUXQGDIIXQNWLRQHQVLQGVWLOOLQJRJ
WHPSHUDWXUHQDIGHWYDUPHVWHNRJHJUHM
S§NRJHVHNWLRQHQ'XNDQRJV§EHWMHQH
EO¨VHUHQPDQXHOWIUDNRJHVHNWLRQHQ
)XQNWLRQHQDNWLYHUHVIUDNRPIXUSDQHOHW
1¨UPHUHRSO\VQLQJHURP
NRJHVHNWLRQHQILQGHUGXL
GHQWLOKºUHQGH
EUXJVYHMOHGQLQJ
$NWLYHULQJDIPDNVLPDO
PRWRUKDVWLJKHG
1§UGXWU\NNHUS§ EHJ\QGHU
PDNVLPDOPRWRUKDVWLJKHGRJGHQYDUHUL
PLQXWWHU'HUHIWHUYHQGHUDSSDUDWHW
WLOEDJHWLOVLQHWLGOLJHUH
KDVWLJKHGVLQGVWLOOLQJHU
0HQVIXQNWLRQHQHULJDQJ
KDU\GHUOLJHUHWU\NS§
LQJHQHIIHNW
)LOWHUPHGGHOHOVH
)LOWHUDODUPPLQGHUEUXJHUHQRPDWVNLIWH
HOOHUUHQJºUHNXOILOWHUHWRJRPDWUHQJºUH
IHGWILOWHUHW)LOWHULQGLNDWRUHQ W¨QGHUL
VHNXQGHUKYLVIHGWILOWHUHWVNDO
UHQJºUHV)LOWHULQGLNDWRUHQ EOLQNHUL
VHNXQGHUKYLVNXOILOWHUHWVNDOXGVNLIWHV
HOOHUUHQJºUHV
6HUHQJºULQJDIIHGWILOWHUHWL
SOHMHRJUHQJºULQJVNDSLWOHW
6HDIVQLWWHWRPNXOILOWHUHW
HOOHUXGVNLIWQLQJDINXOILOWHUHWL
SOHMHRJUHQJºULQJVNDSLWOHW
7U\NS§ LVHNXQGHUIRUDWQXOVWLOOH
IXQNWLRQHQ
6§GDQVO§VIXQNWLRQHQWLOHOOHUIUD
 7¨QGEHWMHQLQJVSDQHOHW
 6ºUJIRUDWLNRQHUQHHUKYLGH
 7U\NS§ LVHNXQGHUIRUDWVO§
IXQNWLRQHQWLO
+YLVIXQNWLRQHQHUDNWLYHUHWEOLQNHU
ILOWHULNRQHW IHPJDQJH
 7U\NS§ LVHNXQGHUIRUDWVO§
IXQNWLRQHQIUD
+YLVIXQNWLRQHQHUGHDNWLYHUHWEOLQNHU
ILOWHULNRQHW WUHJDQJH
'$16. 
9('/,*(+2/'(/6(2*5(1*5,1*
%HP¨UNQLQJHURPUHQJºULQJ
5HQJºULQJV഻
PLGOHU
%UXJLNNHVOLEHQGHUHQJºULQJVPLGOHURJEºUVWHU
5HQJºUDSSDUDWHWVRYHUIODGHPHGHQEOºGNOXGRSYUHGHWLYDUPWYDQG
WLOVDWHWUHQJºULQJVPLGGHO
(IWHUPDGODYQLQJNDQQRJOHGHOHDIDSSDUDWHWEOLYHYDUPW)RUDWXQGJ§
SOHWWHUVNDODSSDUDWHWNºOHVQHGRJWºUUHVPHGUHQNOXGHOOHUSDSLUK§QGಣ
NO¨GH
5HQJºUSOHWWHUPHGHWPLOGWUHQJºULQJVPLGGHO
+ROGHPK¨WWHQ
UHQ
5HQJºUDSSDUDWHWRJIHGWILOWUHKYHUP§QHG5HQJºULQGHUVLGHQRJIHGWಣ
ILOWUHQHRPK\JJHOLJWIRUIHGW2SKREQLQJDIIHGWHOOHUDQGUHUHVWHUNDQ
PHGIºUHHQEUDQG
)ºOJLQVWUXNWLRQHUQHWLOUHQJºULQJDIWLOEHKºUHWQ§UILOWHUPHGGHOHOVHQHU
W¨QGW6H)LOWHUPHGGHOHOVHLNDSLWOHWRPGDJOLJEUXJ
)HGWILOWUHNDQYDVNHVLHQRSYDVNHPDVNLQH
2SYDVNHPDVNLQHQVNDOY¨UHLQGVWLOOHWWLOODYHWHPSHUDWXUHURJHQNRUW
F\NOXV)HGWILOWHUHWNDQEOLYHPLVIDUYHWPHQGHWKDULQJHQLQGYLUNQLQJS§
ILOWHUHWV\GHOVH
)LOWHUPHGDN഻
WLYWNXO
.XOILOWHUHWVKROGEDUKHGDIK¨QJHUDIW\SHQDIPDGODYQLQJRJKYRURIWH
IHGWILOWUHQHUHQJºUHV)LOWHUHWPHGDNWLYWNXOHULNNHYDVNEDUWNDQLNNH
UHJHQHUHUHVRJVNDOXGVNLIWHVFLUNDKYHUP§QHGHOOHUK\SSLJHUHWLO
V¨UOLJNUDIWLJDQYHQGHOVH
5HQJºULQJDIIHGWILOWHUHW
)LOWUHQHHUPRQWHUHWPHGFOLSVRJVWLIWHUL
GHQPRGVDWWHVLGH
6§GDQUHQJºUHVILOWHUHW
 7U¨NLDIG¨NQLQJHQIRUDW§EQHGHQ
1
 7U\NS§JUHEHWWLOPRQWHULQJVFOLSVHQ
S§ILOWHUSDQHOHWXQGHUHPK¨WWHQ
1
2
 9LSIRUVLGHQDIILOWHUHWOHWQHGDG
RJWU¨N
*HQWDJGHIºUVWHWRWULQS§DOOHILOWUHQH
 5HQJºUILOWUHQHPHGHQVYDPSPHG
LNNHVNXUUHQGHUHQJºULQJVPLGOHUHOOHU
LRSYDVNHPDVNLQHQ
ZZZDHJFRP
2SYDVNHPDVNLQHQVNDOY¨UH
LQGVWLOOHWWLOODYHWHPSHUDWXUHU
RJHQNRUWF\NOXV)HGWILOWHUHW
NDQEOLYHPLVIDUYHWPHQGHW
KDULQJHQLQGYLUNQLQJS§
ILOWHUHWV\GHHYQH
 )LOWUHQHPRQWHUHVLJHQYHGDWPDQ
IºOJHUGHIºUVWHWRWULQLRPYHQGW
U¨NNHIºOJH
*HQWDJGHWWHS§DOOHGHILOWUHKYRUGHWHU
UHOHYDQW
8GVNLIWQLQJDINXOILOWHUHW
$'9$56(/
.XOILOWHUHWNDQLNNHYDVNHV
6§GDQXGVNLIWHVILOWHUHW
 )MHUQIHGWILOWUHQHIUDDSSDUDWHW
9LKHQYLVHUWLODIVQLWWHWರ5HQJºULQJDI
IHGWILOWHUHWರ
 7U¨NWDSSHQHPRGGHQQHGHUVWHGHO
DIILOWHUHW'HUHUWRWU¨NXOILOWUH'HW
HQHHUSODFHUHWXQGHURJGHWDQGHW
S§IRUVLGHQDIDSSDUDWHW
 9LSIRUVLGHQDIILOWHUHWOHWQHGDGRJ
WU¨N
 1§UGXVNDOLQVWDOOHUHGHWQ\HILOWHU
JHQWDJHVSURFHGXUHQLRPYHQGW
U¨NNHIºOJH
'HWHUXQGHUDOOHRPVW¨QGLJKHGHU
QºGYHQGLJWDWXGVNLIWHILOWUHQHPLQGVW
KYHUIMHUGHP§QHG
8GVNLIWQLQJDIS¨UHQ
'HWWHDSSDUDWHUIRUV\QHWPHG/('
ODPSH'HQQHGHOP§NXQXGVNLIWHVDI
WHNQLNHUHQ9HGIXQNWLRQVIHMOIºOJHV
6HUYLFHLNDSLWOHW
6LNNHUKHGVYHMOHGQLQJ
0,/-+(16<1
*HQEUXJPDWHULDOHUPHGV\PEROHW 
$QEULQJHPEDOODJHPDWHULDOHWLSDVVHQGH
EHKROGHUHWLOJHQEUXJ+M¨OSPHGDW
EHVN\WWHPLOMºHWRJPHQQHVNHOLJ
VXQGKHGVDPWDWJHQEUXJHDIIDOGDI
HOHNWULVNHRJHOHNWURQLVNHDSSDUDWHU
.DVVHULNNHDSSDUDWHUGHUHUP¨UNHW
PHGV\PEROHW VDPPHQPHG
KXVKROGQLQJVDIIDOGHW/HYHUSURGXNWHW
WLOEDJHWLOGLQORNDOHJHQEUXJVSODGVHOOHU
NRQWDNWGLQNRPPXQH
'$16. 
,1+28'623*$9(
9(,/,*+(,'6,1)250$7,((1,167$//$7,(
%(6&+5,-9,1*9$1+(7352'8&7
'$*(/,-.6*(%58,.
21'(5+28'(15(,1,*,1*
92253(5)(&7(5(68/7$7(1
%HGDQNWGDWMHYRRUGLW$(*SURGXFWKHEWJHNR]HQ:HKHEEHQKHWJHFUHHUGRP
MDUHQODQJRQEHULVSHOLMNHSUHVWDWLHVWHOHYHUHQPHWLQQRYDWLHYHWHFKQRORJLHQGLH
KHWOHYHQHHQYRXGLJHUPDNHQದIXQFWLHVGLHMHZHOOLFKWQLHWRSJHZRQHDSSDUDWHQ
DDQWUHIW1HHPHHQSDDUPLQXWHQGHWLMGRPKHWEHVWHXLWKHWDSSDUDDWWHKDOHQ
*DQDDURQ]HZHEVLWHYRRU
$GYLHVRYHUJHEUXLNEURFKXUHVKHWRSORVVHQYDQSUREOHPHQVHUYLFHHQ
UHSDUDWLHLQIRUPDWLH
ZZZDHJFRPVXSSRUW
5HJLVWUHHUMHSURGXFWYRRUHHQEHWHUHVHUYLFH
ZZZUHJLVWHUDHJFRP
.RRSDFFHVVRLUHVYHUEUXLNVDUWLNHOHQHQRULJLQHOHUHVHUYHRQGHUGHOHQYRRUMH
DSSDUDDW
ZZZDHJFRPVKRS
./$17(16(59,&((16(59,&(
*HEUXLNDOWLMGRULJLQHOHRQGHUGHOHQ
$OVXFRQWDFWRSQHHPWPHWRQ]HHUNHQGHVHUYLFHGLHQVW]RUJHUGDQYRRUGDWXGH
YROJHQGHJHJHYHQVWRWXZEHVFKLNNLQJKHEW0RGHO31&VHULHQXPPHU
'HLQIRUPDWLHYLQGWXRSKHWW\SHSODDWMH
:DDUVFKXZLQJHQHQYHLOLJKHLGVLQIRUPDWLH
$OJHPHQHLQIRUPDWLHHQWLSV
0LOLHXLQIRUPDWLH
:LM]LJLQJHQYRRUEHKRXGHQ
9(,/,*+(,'6,1)250$7,((1,167$//$7,(
:$$56&+8:,1*
5DDGSOHHJKHWDSDUWH
LQVWDOODWLHLQVWUXFWLHERHNMH
YRRUYHLOLJKHLGVLQIRUPDWLHHQ
LQVWDOODWLH/HHVGH
KRRIGVWXNNHQRYHU9HLOLJKHLG
]RUJYXOGLJGRRUYRRUGDWX
KHWDSSDUDDWJHEUXLNWRI
RQGHUKRXGW
ZZZDHJFRP
%(6&+5,-9,1*9$1+(7352'8&7
2YHU]LFKWEHGLHQLQJVSDQHHO
1 2 3 4 5 6 7 8 9 10
)XQFWLH %HVFKULMYLQJ
$DQXLW 6FKDNHOWGHNDSLQHQXLW
(HUVWHVQHOKHLG 'HPRWRUVFKDNHOWRYHUQDDUKHWHHUVWHVQHOKHLGVQLಣ
YHDX
7ZHHGHVQHOKHLG 'HPRWRUVFKDNHOWRYHUQDDUKHWWZHHGHVQHOKHLGVQLಣ
YHDX
'HUGHVQHOKHLG 'HPRWRUVFKDNHOWRYHUQDDUKHWGHUGHVQHOKHLGVQLಣ
YHDX
0D[LPDOHVQHOKHLG 'HPRWRUVFKDNHOWRYHUQDDUKHWPD[LPDOHVQHOKHLGVQLಣ
YHDX
6QHOKHLGERRVW 'HPRWRUVFKDNHOWRYHUQDDUKHWPD[LPDOHVQHOKHLGVQLಣ
YHDX1DPLQXWHQNHHUWKHWDSSDUDDWWHUXJQDDUGH
YRULJHLQVWHOOLQJ
%ULHV 'HNDSZHUNWRSGHODDJVWHVQHOKHLG1DPLQXWHQ
VFKDNHOWKHWDSSDUDDWXLW
)LOWHUPHOGLQJ +HULQQHUWMHHUDDQRPKHWNRROILOWHUWHYHUYDQJHQRIWH
UHLQLJHQHQKHWYHWILOWHUWHUHLQLJHQ
+REt+RRG ,QGLFDWRUYDQGHIXQFWLHRPGHNDSYDQDIGHNRRNSODDW
WHEHVWXUHQ
 /DPS 6FKDNHOWGHODPSHQLQHQXLW
'$*(/,-.6*(%58,.
'HNDSJHEUXLNHQ
&RQWUROHHUGHDDQEHYROHQVQHOKHLG
YROJHQVRQGHUVWDDQGHWDEHO
7LMGHQVKHWRSZDUPHQYDQYRHGVHONRNHQPHWSRWWHQ
PHWGHNVHO
7LMGHQVKHWNRNHQPHWSRWWHQPHWGHNVHORSPHHUGHಣ
UHNRRN]RQHVRIEUDQGHUV]DFKWMHVEDNNHQ
1('(5/$1'6 
7LMGHQVKHWNRNHQHQEDNNHQYDQJURWHKRHYHHOKHGHQ
YRHGVHO]RQGHUGHNVHONRNHQRSPHHUGHUHNRRN]Rಣ
QHVRIEUDQGHUV
HQ 7LMGHQVKHWNRNHQHQEDNNHQYDQJURWHKRHYHHOKHGHQ
YRHGVHO]RQGHUGHNVHOJURWHOXFKWYRFKWLJKHLG
)ULVWRSHHQODDJJHOXLGVQLYHDXQDKHWNRNHQGHOXFKW
LQNHXNHQRS+HWDSSDUDDWNDQZRUGHQLQHQXLWJHಣ
VFKDNHOGGRRUKHWV\PERRODDQWHUDNHQ'HIXQFWLH
VFKDNHOWDXWRPDWLVFKXLWQDPLQXWHQ$OOHHQJHಣ
EUXLNHQQDKHWNRNHQ
+HWZRUGWDDQEHYROHQRPGH
NDSRQJHYHHUPLQXWHQQD
KHWNRNHQDDQWHODWHQVWDDQ
+HWEHGLHQLQJVSDQHHOLVHHQ
VHQVRUYHOG5DDNGH
V\PEROHQJHGXUHQGH
VHFRQGHDDQRPGHIXQFWLHV
LQWHVFKDNHOHQ
2PGHNDS
 =HWKHWDSSDUDDWDDQGRRURSKHW
V\PERRO WHGUXNNHQ
-HNXQWQXGHIXQFWLHVDFWLYHUHQ
 5DDNRPGHIXQFWLHLQWHVFKDNHOHQ
KHWV\PERRODDQ
 'UXNLQGLHQQRGLJRSKHWOLFKWV\PERRO
RPKHWNRRNRSSHUYODNWH
YHUOLFKWHQ2PGHOLFKWLQWHQVLWHLWWH
ZLM]LJHQKRXGMHKHWV\PERRO
RSQLHXZLQJHGUXNW
2PKHWDSSDUDDWXLWWHVFKDNHOHQGUXNMH
RSQLHXZRSKHWV\PERRO
+REt+RRGIXQFWLH
+HWLVHHQDXWRPDWLVFKHIXQFWLHGLHGH
NRRNSODDWRSHHQDI]XLJNDSDDQVOXLW
=RZHOGHNRRNSODDWDOVGHDI]XLJNDS
KHHIWHHQLQIUDURRGRQWYDQJHU'H
VQHOKHLGYDQGHYHQWLODWRUZRUGW
DXWRPDWLVFKEHSDDOGRSEDVLVYDQGH
PRGXVLQVWHOOLQJHQGHWHPSHUDWXXUYDQ
GHKHHWVWHSDQRSGHNRRNSODDW8NXQW
GHYHQWLODWRUYDQGHNRRNSODDWRRN
KDQGPDWLJEHGLHQHQ'HIXQFWLHNDQ
ZRUGHQJHDFWLYHHUGYDQDIKHWSDQHHOYDQ
GHNRRNSODDW
9RRUPHHULQIRUPDWLHRYHU
KHWJHEUXLNYDQGHNRRNSODDW
UDDGSOHHJWXGH
JHEUXLNVDDQZLM]LQJYDQGH
NRRNSODDW
0D[LPDOHPRWRUVQHOKHLG
DFWLYHUHQ
:DQQHHUXRS WLNWEHJLQWGH
PD[LPDOHPRWRUVQHOKHLGJHGXUHQGH
PLQXWHQWHZHUNHQ'DDUQDNHHUWKHW
DSSDUDDWWHUXJQDDUGHYRULJH
VQHOKHLGVLQVWHOOLQJHQ
:DQQHHUGHIXQFWLHLV
LQJHVFKDNHOGKHHIWHHQ
H[WUDDDQUDNLQJYDQ JHHQ
HIIHFW
)LOWHUPHOGLQJ
+HWILOWHUDODUPKHULQQHUWXHUDDQRPGH
NRROILOWHUWHYHUYDQJHQRIWHUHLQLJHQHQ
GHYHWILOWHUWHUHLQLJHQ+HW
FRQWUROHODPSMHYDQGHILOWHU EUDQGW
JHGXUHQGHVHFRQGHQDOVGHYHWILOWHU
PRHWZRUGHQJHUHLQLJG+HW
FRQWUROHODPSMHYDQGHILOWHU NQLSSHUW
JHGXUHQGHVHFRQGHQDOVGHNRROILOWHU
PRHWZRUGHQYHUYDQJHQRIJHUHLQLJG
=LHKHWJHGHHOWHRYHUKHW
UHLQLJHQYDQGHYHWILOWHULQ
KHWKRRIGVWXN2QGHUKRXGHQ
UHLQLJLQJ
ZZZDHJFRP
=LHKHWJHGHHOWHRYHUKHW
UHLQLJHQYDQGHNRROILOWHURI
KHWYHUYDQJHQYDQGH
NRROILOWHULQKHWKRRIGVWXN
2QGHUKRXGHQUHLQLJLQJ
$OVXGHIXQFWLHZLOWUHVHWWHQKRXGWX
VHFRQGHQLQJHGUXNW
)XQFWLHDFWLYHUHQRIGHDFWLYHUHQ
 6FKDNHOKHWEHGLHQLQJVSDQHHOLQ
 =RUJHUYRRUGDWDOOHSLFWRJUDPPHQ
ZLW]LMQ
 $OVXGHIXQFWLHZLOWDFWLYHUHQKRXGW
X VHFRQGHQLQJHGUXNW
$OVGHIXQFWLHLVJHDFWLYHHUGNQLSSHUWKHW
ILOWHUSLFWRJUDP YLMINHHU
 $OVXGHIXQFWLHZLOWGHDFWLYHUHQ
KRXGWX VHFRQGHQLQJHGUXNW
$OVGHIXQFWLHLVJHGHDFWLYHHUGNQLSSHUW
KHWILOWHUSLFWRJUDP GULHNHHU
21'(5+28'(15(,1,*,1*
2SPHUNLQJHQRYHUVFKRRQPDNHQ
5HLQLJLQJVPLG഻
GHOHQ
*HEUXLNJHHQVFKXUHQGHUHLQLJLQJVPLGGHOHQHQERUVWHOV
0DDNKHWRSSHUYODNYDQKHWDSSDUDDWVFKRRQPHWHHQ]DFKWHGRHN
ZDUPZDWHUHQHHQPLOGUHLQLJLQJVPLGGHO
1DKHWNRNHQNXQQHQVRPPLJHRQGHUGHOHQYDQKHWDSSDUDDWKHHWZRUಣ
GHQ2PYOHNNHQWHYRRUNRPHQPRHWKHWDSSDUDDWDINRHOHQHQZRUGHQ
JHGURRJGPHWHHQVFKRQHGRHNRINHXNHQSDSLHU
5HLQLJYOHNNHQPHWHHQPLOGUHLQLJLQJVPLGGHO
+RXGGHNDS
VFKRRQ
5HLQLJKHWDSSDUDDWHQVPHHUGHILOWHUVHONHPDDQG5HLQLJGHELQQHQ
HQYHWILOWHUV]RUJYXOGLJ]RGDWHUJHHQYHWPHHUDFKWHUEOLMIW9HWRSKRSLQJ
RIDQGHUHUHVWHQNXQQHQEUDQGYHURRU]DNHQ
9ROJGHLQVWUXFWLHVYRRUKHWUHLQLJHQYDQGHDFFHVVRLUHVZDQQHHUGHILOಣ
WHUPHOGLQJLVLQJHVFKDNHOG5DDGSOHHJLQKHWKRRIGVWXN'DJHOLMNVJHಣ
EUXLNKHWJHGHHOWHRYHU)LOWHUPHOGLQJ
8NXQWYHWILOWHUVRRNLQGHDIZDVPDFKLQHZDVVHQ
'HYDDWZDVVHUPRHWRSHHQODJHWHPSHUDWXXUHQHHQNRUWHF\FOXVZRUಣ
GHQLQJHVWHOG'HYHWILOWHUNDQYHUNOHXUHQPDDUGDWKHHIWJHHQLQYORHG
RSGHSUHVWDWLHVYDQKHWDSSDUDDW
.RROVWRIILOWHU
'HYHU]DGLJLQJVWLMGYDQGHNRROILOWHUYDULHHUWDIKDQNHOLMNYDQKHWW\SHNRಣ
NHQHQGHUHJHOPDDWYDQKHWUHLQLJHQYDQGHYHWILOWHU'HDFWLHYHNRROILOಣ
WHULVQLHWZDVEDDUNDQQLHWZRUGHQJHUHJHQHUHHUGHQPRHWRQJHYHHU
RPGHPDDQGHQZRUGHQYHUYDQJHQRIYDNHUYRRUELM]RQGHU]ZDDU
JHEUXLN
'HYHWILOWHUUHLQLJHQ
)LOWHUVZRUGHQJHPRQWHHUGPHWEHKXOS
YDQFOLSVHQSHQQHQDDQGHDQGHUHNDQW
'HILOWHUUHLQLJHQ
 7UHNDDQKHWGHNVHORPKHWWH
RSHQHQ
1('(5/$1'6 
1
 'UXNRSGHKDQGJUHHSYDQGH
PRQWDJHFOLSRSKHWILOWHUSDQHHORQGHU
GHNDS
1
2
 .DQWHOGHYRRUNDQWYDQGHILOWHULHWV
QDDUEHQHGHQHQWUHNYHUYROJHQV
+HUKDDOGHHHUVWHWZHHVWDSSHQYRRUDOOH
ILOWHUV
 5HLQLJGHILOWHUVPHWHHQVSRQVPHW
QLHWVFKXUHQGHUHLQLJLQJVPLGGHOHQRI
LQHHQYDDWZDVVHU
'HYDDWZDVVHUPRHWRSHHQ
ODJHWHPSHUDWXXUHQHHQ
NRUWHF\FOXVZRUGHQ
LQJHVWHOG'HYHWILOWHUNDQ
YHUNOHXUHQPDDUGDWKHHIW
JHHQLQYORHGRSGH
SUHVWDWLHVYDQKHWDSSDUDDW
 9RHUGHHHUVWHWZHHVWDSSHQLQ
RPJHNHHUGHYROJRUGHXLWRPGH
ILOWHUVWHUXJWHSODDWVHQ
+HUKDDOGHVWDSSHQYRRUDOOHILOWHUV
LQGLHQYDQWRHSDVVLQJ
'HNRROILOWHUYHUYDQJHQ
:$$56&+8:,1*
'HNRROILOWHULV1,(7
DIZDVEDDU
2PGHILOWHUWHYHUYDQJHQ
 +DDOGHYHWILOWHUVXLWKHWDSSDUDDW
=LHಯ'HYHWILOWHUUHLQLJHQರLQGLWKRRIGVWXN
 7UHNGHIODSMHVQDDUKHWRQGHUVWH
GHHOYDQGHILOWHU(U]LMQWZHH
KRXWVNRROILOWHUV'HHQHEHYLQGW]LFK
HURQGHUHQGHDQGHUHDDQGH
YRRU]LMGHYDQKHWDSSDUDDW
 .DQWHOGHYRRUNDQWYDQGHILOWHULHWV
QDDUEHQHGHQHQWUHNYHUYROJHQV
 9RHUGH]HOIGHVWDSSHQLQ
RPJHNHHUGHYROJRUGHXLWRPHHQ
QLHXZHILOWHUWHLQVWDOOHUHQ
,QLHGHUJHYDOPRHWHQGHILOWHUVWHQ
PLQVWHRPGHYLHUPDDQGHQZRUGHQ
YHUYDQJHQ
+HWODPSMHYHUYDQJHQ
'LWDSSDUDDWZRUGWJHOHYHUGPHWHHQ
OHGODPS'LWRQGHUGHHONDQDOOHHQGRRU
HHQWHFKQLFXVZRUGHQYHUYDQJHQ
5DDGSOHHJLQJHYDOYDQVWRULQJHQ
6HUYLFHLQKHWKRRIGVWXN
9HLOLJKHLGVLQVWUXFWLHV
0,/,(8%(6&+(50,1*
5HF\FOHHUGHPDWHULDOHQPHWKHW
V\PERRO *RRLGHYHUSDNNLQJLQHHQ
JHVFKLNWHDIYDOFRQWDLQHURPKHWWH
UHF\FOHUHQ%HVFKHUPKHWPLOLHXHQGH
YRONVJH]RQGKHLGHQUHF\FOHHURSHHQ
FRUUHFWHPDQLHUKHWDIYDOYDQHOHNWULVFKH
HQHOHNWURQLVFKHDSSDUDWHQ*RRL
DSSDUDWHQJHPDUNHHUGPHWKHWV\PERRO
QLHWZHJPHWKHWKXLVKRXGHOLMNDIYDO
%UHQJKHWSURGXFWQDDUKHWPLOLHXVWDWLRQ
ELMXLQGHEXXUWRIQHHPFRQWDFWRSPHW
GHJHPHHQWH
ZZZDHJFRP
&217(176
6$)(7<,1)250$7,21$1',167$//$7,21
352'8&7'(6&5,37,21
'$,/<86( 
&$5($1'&/($1,1*
)253(5)(&75(68/76
7KDQN\RXIRUFKRRVLQJWKLV$(*SURGXFW:HKDYHFUHDWHGLWWRJLYH\RX
LPSHFFDEOHSHUIRUPDQFHIRUPDQ\\HDUVZLWKLQQRYDWLYHWHFKQRORJLHVWKDWKHOS
PDNHOLIHVLPSOHUದIHDWXUHV\RXPLJKWQRWILQGRQRUGLQDU\DSSOLDQFHV3OHDVH
VSHQGDIHZPLQXWHVUHDGLQJWRJHWWKHYHU\EHVWIURPLW
9LVLWRXUZHEVLWHWR
*HWXVDJHDGYLFHEURFKXUHVWURXEOHVKRRWHUVHUYLFHDQGUHSDLULQIRUPDWLRQ
ZZZDHJFRPVXSSRUW
5HJLVWHU\RXUSURGXFWIRUEHWWHUVHUYLFH
ZZZUHJLVWHUDHJFRP
%X\$FFHVVRULHV&RQVXPDEOHVDQG2ULJLQDOVSDUHSDUWVIRU\RXUDSSOLDQFH
ZZZDHJFRPVKRS
&86720(5&$5($1'6(59,&(
$OZD\VXVHRULJLQDOVSDUHSDUWV
:KHQFRQWDFWLQJRXU$XWKRULVHG6HUYLFH&HQWUHHQVXUHWKDW\RXKDYHWKH
IROORZLQJGDWDDYDLODEOH0RGHO31&6HULDO1XPEHU
7KHLQIRUPDWLRQFDQEHIRXQGRQWKHUDWLQJSODWH
:DUQLQJ&DXWLRQ6DIHW\LQIRUPDWLRQ
*HQHUDOLQIRUPDWLRQDQGWLSV
(QYLURQPHQWDOLQIRUPDWLRQ
6XEMHFWWRFKDQJHZLWKRXWQRWLFH
6$)(7<,1)250$7,21$1',167$//$7,21
:$51,1*
5HIHUWRWKHVHSDUDWH
,QVWDOODWLRQ,QVWUXFWLRQV
ERRNOHWIRU6DIHW\
,QIRUPDWLRQDQG,QVWDOODWLRQ
5HDGFDUHIXOO\WKH6DIHW\
FKDSWHUVEHIRUHDQ\XVHRU
PDLQWHQDQFHRIWKH
DSSOLDQFH
(1*/,6+ 
352'8&7'(6&5,37,21
&RQWUROSDQHORYHUYLHZ
1 2 3 4 5 6 7 8 9 10
)XQFWLRQ 'HVFULSWLRQ
2Q2II 7XUQVWKHKRRGRQDQGRII
)LUVWVSHHG 7KHPRWRUVZLWFKHVWRILUVWVSHHGOHYHO
6HFRQGVSHHG 7KHPRWRUVZLWFKHVWRVHFRQGVSHHGOHYHO
7KLUGVSHHG 7KHPRWRUVZLWFKHVWRWKLUGVSHHGOHYHO
0D[LPXPVSHHG 7KHPRWRUVZLWFKHVWRPD[LPXPVSHHGOHYHO
6SHHGERRVW 7KHPRWRUVZLWFKHVWRPD[LPXPVSHHGOHYHO$IWHU
PLQXWHVWKHDSSOLDQFHUHWXUQVWRSUHYLRXVVHWWLQJ
%UHH]H 7KHKRRGRSHUDWHVRQWKHORZHVWVSHHG$IWHUPLಣ
QXWHVWKHDSSOLDQFHWXUQVRII
)LOWHUQRWLILFDWLRQ 5HPLQGVWRFKDQJHRUFOHDQWKHFKDUFRDOILOWHUDQG
FOHDQWKHJUHDVHILOWHU
+REt+RRG ,QGLFDWRURIWKHIXQFWLRQWRFRQWUROKRRGIURPKRE
 /DPS 7XUQVWKHOLJKWVRQDQGRII
'$,/<86(
8VLQJWKHKRRG
&KHFNWKHUHFRPPHQGHGVSHHG
DFFRUGLQJWRWKHWDEOHEHORZ
:KLOHKHDWLQJXSIRRGFRRNLQJZLWKFRYHUHGSRWV
:KLOHFRRNLQJZLWKFRYHUHGSRWVRQPXOWLSOHFRRNLQJ
]RQHVRUEXUQHUVJHQWOHIU\LQJ
:KLOHERLOLQJDQGIU\LQJELJTXDQWLWLHVRIIRRGZLWKRXW
DOLGFRRNLQJRQPXOWLSOHFRRNLQJ]RQHVRUEXUQHUV
DQG :KLOHERLOLQJDQGIU\LQJELJTXDQWLWLHVRIIRRGZLWKRXW
DOLGELJKXPLGLW\
ZZZDHJFRP
5HIUHVKHVWKHDLULQNLWFKHQDIWHUFRRNLQJDWDYHU\
ORZQRLVHOHYHO,WFDQEHDFWLYDWHGDQGGHDFWLYDWHG
E\WRXFKLQJWKHV\PERO7KHIXQFWLRQWXUQVRIIDXWRಣ
PDWLFDOO\DIWHUPLQXWHV8VHDIWHUFRRNLQJRQO\
,WLVUHFRPPHQGHGWROHDYH
WKHKRRGRSHUDWLQJIRU
DSSUR[LPDWHO\PLQXWHV
DIWHUFRRNLQJ
7KHFRQWURO3DQHOLVD
VHQVRUILHOG7RXFKWKH
V\PEROVIRUVHFRQGWR
DFWLYDWHWKHIXQFWLRQV
7RRSHUDWHWKHKRRG
 7XUQRQWKHDSSOLDQFHE\SUHVVLQJ
WKH V\PERO
<RXFDQQRZDFWLYDWHWKHIXQFWLRQV
 7RDFWLYDWHWKHIXQFWLRQWRXFKWKH
V\PERO
 ,IQHHGHGWRXFKWKHOLJKWV\PERO
WRLOOXPLQDWHWKHFRRNLQJVXUIDFH7R
FKDQJHWKHOLJKWLQWHQVLW\WRXFKDQG
KROGWKHV\PERODJDLQ
7RWXUQRIIWKHDSSOLDQFHSUHVVWKH
V\PERODJDLQ
+REt+RRGIXQFWLRQ
,WLVDQDXWRPDWLFIXQFWLRQZKLFK
FRQQHFWVWKHKREZLWKDKRRG%RWKWKH
KREDQGWKHKRRGKDYHDQLQIUDUHGVLJQDO
FRPPXQLFDWRU6SHHGRIWKHIDQLV
GHILQHGDXWRPDWLFDOO\RQEDVLVRIPRGH
VHWWLQJDQGWHPSHUDWXUHRIWKHKRWWHVW
FRRNZDUHRQWKHKRE<RXFDQDOVR
RSHUDWHWKHIDQXVLQJWKHKREPDQXDOO\
7KHIXQFWLRQFDQEHDFWLYDWHGIURPSDQHO
RIWKHKRE
)RUPRUHLQIRUPDWLRQKRZWR
XVHWKHIXQFWLRQUHIHUWRWKH
KREXVHUPDQXDO
$FWLYDWLQJ0D[LPXP
0RWRU6SHHG
:KHQ\RXWRXFK WKH0D[LPXP
0RWRU6SHHGVWDUWVWRRSHUDWHIRU
PLQXWHV$IWHUWKDWWLPHWKHDSSOLDQFH
UHWXUQVWRLWVSUHYLRXVVSHHGVHWWLQJV
:KHQWKHIXQFWLRQLVWXUQHG
RQDGGLWLRQDOWRXFKRQ
GRHVQRWKDYHDQ\HIIHFWV
)LOWHUQRWLILFDWLRQ
)LOWHUDODUPUHPLQGVWRFKDQJHRUFOHDQ
WKHFKDUFRDOILOWHUDQGFOHDQWKHJUHDVH
ILOWHU7KHILOWHULQGLFDWRU LVWXUQHGRQ
IRUVHFRQGVLIWKHJUHDVHILOWHUPXVW
EHFOHDQHG7KHILOWHULQGLFDWRU IODVKHV
IRUVHFRQGVLIWKHFKDUFRDOILOWHUPXVW
EHUHSODFHGRUFOHDQHG
5HIHUWRFOHDQLQJWKHJUHDVH
ILOWHULQFDUHDQGFOHDQLQJ
FKDSWHU
5HIHUWRFOHDQLQJWKH
FKDUFRDOILOWHURUUHSODFLQJ
WKHFKDUFRDOILOWHULQFDUHDQG
FOHDQLQJFKDSWHU
7RUHVHWWKHIXQFWLRQWRXFK IRU
VHFRQGV
7RDFWLYDWHRUGHDFWLYDWHIXQFWLRQ
 6ZLWFKRQWKHFRQWUROSDQHO
 0DNHVXUHWKDWWKHLFRQVDUHWXUQHG
ZKLWH
 7RDFWLYDWHIXQFWLRQWRXFK IRU
VHFRQGV
,IWKHIXQFWLRQLVDFWLYDWHGWKHILOWHULFRQ
IODVKHVILYHWLPHV
 7RGHDFWLYDWHIXQFWLRQWRXFK IRU
VHFRQGV
,IWKHIXQFWLRQLVGHDFWLYDWHGWKHILOWHU
LFRQ IODVKHVWKUHHWLPHV
(1*/,6+ 
&$5($1'&/($1,1*
1RWHVRQFOHDQLQJ
&OHDQLQJ
$JHQWV
'RQRWXVHDEUDVLYHGHWHUJHQWVDQGEUXVKHV
&OHDQWKHVXUIDFHRIWKHDSSOLDQFHZLWKDVRIWFORWKZLWKZDUPZDWHU
DQGDPLOGGHWHUJHQW
$IWHUFRRNLQJVRPHSDUWVRIDSSOLDQFHFDQJHWKRW7RDYRLGVWDLQVDSಣ
SOLDQFHPXVWEHFRROHGGRZQDQGGULHGZLWKFOHDQFORWKRUSDSHUWRZಣ
HOV
&OHDQVWDLQVZLWKDPLOGGHWHUJHQW
.HHSWKHKRRG
FOHDQ
&OHDQWKHDSSOLDQFHDQGJUHDVHILOWHUVHDFKPRQWK&OHDQWKHLQWHULRU
DQGJUHDVHILOWHUVFDUHIXOO\IURPIDW)DWDFFXPXODWLRQRURWKHUUHVLGXH
PD\FDXVHILUH
)ROORZWKHLQVWUXFWLRQVIRUFOHDQLQJWKHDFFHVVRULHVZKHQILOWHUQRWLILFDಣ
WLRQLVRQ5HIHUWR)LOWHUQRWLILFDWLRQLQGDLO\XVHFKDSWHU
*UHDVHILOWHUVFDQEHZDVKHGLQDGLVKZDVKHU
7KHGLVKZDVKHUPXVWEHVHWWRDORZWHPSHUDWXUHDQGDVKRUWF\FOH
7KHJUHDVHILOWHUPD\GLVFRORXULWKDVQRLQIOXHQFHRQWKHSHUIRUPDQFH
RIWKHDSSOLDQFH
&KDUFRDOILOWHU
7KHWLPHRIVDWXUDWLRQRIWKHFKDUFRDOILOWHUYDULHVGHSHQGLQJRQWKH
W\SHRIFRRNLQJDQGWKHUHJXODULW\RIFOHDQLQJWKHJUHDVHILOWHU7KHDFWLಣ
YDWHGFKDUFRDOILOWHULVQRWZDVKDEOHFDQQRWEHUHJHQHUDWHGDQGPXVW
EHUHSODFHGDSSUR[LPDWHO\HYHU\PRQWKVRIRSHUDWLRQRUPRUHIUHಣ
TXHQWO\IRUSDUWLFXODUO\KHDY\XVDJH
&OHDQLQJWKHJUHDVHILOWHU
)LOWHUVDUHPRXQWHGZLWKWKHXVHRIFOLSV
DQGSLQVRQWKHRSSRVLWHVLGH
7RFOHDQWKHILOWHU
 3XOOWKHFRYHUWRRSHQLW
1
 3UHVVWKHKDQGOHRIWKHPRXQWLQJFOLS
RQWKHILOWHUSDQHOXQGHUQHDWKWKH
KRRG
1
2
 6OLJKWO\WLOWWKHIURQWRIWKHILOWHU
GRZQZDUGVWKHQSXOO
5HSHDWWKHILUVWWZRVWHSVIRUDOOILOWHUV
 &OHDQWKHILOWHUVXVLQJDVSRQJHZLWK
QRQDEUDVLYHGHWHUJHQWVRULQD
GLVKZDVKHU
ZZZDHJFRP
7KHGLVKZDVKHUPXVWEHVHW
WRDORZWHPSHUDWXUHDQGD
VKRUWF\FOH7KHJUHDVHILOWHU
PD\GLVFRORXULWKDVQR
LQIOXHQFHRQWKH
SHUIRUPDQFHRIWKH
DSSOLDQFH
 7RPRXQWWKHILOWHUVEDFNIROORZWKH
ILUVWWZRVWHSVLQUHYHUVHRUGHU
5HSHDWWKHVWHSVIRUDOOILOWHUVLI
DSSOLFDEOH
5HSODFLQJWKHFKDUFRDO
ILOWHU
:$51,1*
7KHFKDUFRDOILOWHULVQRQ
ZDVKDEOH
7RUHSODFHWKHILOWHU
 5HPRYHWKHJUHDVHILOWHUVIURPWKH
DSSOLDQFH
5HIHUWR&OHDQLQJWKHJUHDVHILOWHULQ
WKLVFKDSWHU
 3XOOWKHWDEVWRZDUGVWKHERWWRPSDUW
RIWKHILOWHU7KHUHDUHWZRFKDUFRDO
ILOWHUV2QHVLWXDWHGXQGHUQHDWKDQG
WKHRWKHUDWWKHIURQWVLGHRIWKH
DSSOLDQFH
 6OLJKWO\WLOWWKHIURQWRIWKHILOWHU
GRZQZDUGVWKHQSXOO
 7RLQVWDOODQHZILOWHUSHUIRUPWKH
VDPHVWHSVLQUHYHUVHRUGHU
,QDQ\FDVHLWLVQHFHVVDU\WRUHSODFH
WKHILOWHUVDWOHDVWHYHU\IRXUPRQWKV
5HSODFLQJWKHODPS
7KLVDSSOLDQFHLVVXSSOLHGZLWKD/('
ODPS7KLVSDUWFDQEHUHSODFHGE\D
WHFKQLFLDQRQO\,QFDVHRIDQ\
PDOIXQFWLRQUHIHUWR6HUYLFHLQWKH
6DIHW\,QVWUXFWLRQVFKDSWHU
(19,5210(17$/&21&(516
5HF\FOHPDWHULDOVZLWKWKHV\PERO 
3XWWKHSDFNDJLQJLQUHOHYDQWFRQWDLQHUV
WRUHF\FOHLW+HOSSURWHFWWKH
HQYLURQPHQWDQGKXPDQKHDOWKE\
UHF\FOLQJZDVWHRIHOHFWULFDODQG
HOHFWURQLFDSSOLDQFHV'RQRWGLVSRVHRI
DSSOLDQFHVPDUNHGZLWKWKHV\PERO
ZLWKWKHKRXVHKROGZDVWH5HWXUQWKH
SURGXFWWR\RXUORFDOUHF\FOLQJIDFLOLW\RU
FRQWDFW\RXUPXQLFLSDORIILFH
(1*/,6+ 
6,68.25'
2+8786,1)2-$3$,*$/'$0,1(
7227(.,5-(/'86
,*$3(9$1(.$687$0,1(
38+$6786-$+22/'86
3$5,0$7(78/(0867(6$$987$0,6(.6
7¦QDPHHWYDOLVLWHVHOOH$(*WRRWH7¸¸WDVLPHVHOOHY¦OMDHWVDDNVLWHSDOMX
DDVWDLGQDXWLGDODLWPDWXLGWXOHPXVLQLQJOLVDVLPHHOXOLKWVXVWDYDLGXXHQGXVOLNNH
IXQNWVLRRQHPLGDWHWDYDOLVWHVHDGPHWHMXXUHVHLSUXXJLOHLGD/HLGNHP·QLPLQXW
DHJDQLQJOXJHJHNXLGDVVHDGPHJDSDULPDLGWXOHPXVLVDDYXWDGD
.¾ODVWDJHPHLHYHHELVDLWLNXVWOHLDWH
Q·XDQGHLGEURģ¾¾UHW·UNHRWVLQJXUHPRQGLMDKRROGXVWHDYHW
ZZZDHJFRPVXSSRUW
3DUHPDNVWHHQLQGXVHNVUHJLVWUHHULJHRPDWRRGHDDGUHVVLO
ZZZUHJLVWHUDHJFRP
2VWNHRPDVHDGPHOHOLVDVHDGPHLGWDUYLNXLGMDRULJLQDDOYDUXRVLDDGUHVVLO
ZZZDHJFRPVKRS
./,(1',7((1,1'86-$+22/'86
$ODWLWXOHENDVXWDGDRULJLQDDOYDUXRVL
9ROLWDWXGWHHQLQGXVNHVNXVHVVHS¸¸UGXPLVHOSHDNVLGWHLOROHPDYDUXNV
DOOM¦UJQHYDGDQGPHGPXGHORVDQXPEHU31&VHHULDQXPEHU
7HDYHRQWRRGXGDQGPHSODDGLO
+RLDWXVHG(WWHYDDWXVDELQ·XGದRKXWXVWHDYH
OGLQHWHDYHMDYLKMHG
.HVNNRQQDWHDYH
-¦HWDNVH·LJXVWHKDPXXWXVL
2+8786,1)2-$3$,*$/'$0,1(
+2,$786
2KXWXVLQIRMDSDLJDOGDPLVH
NRKWDOHLDWHWHDYHWHUDOGL
SDLJDOGXVMXKLVWHOHKHOW(QQH
VHDGPHNDVXWDPLVWY·L
KRROGXVWRLPLQJXLGOXJHJH
W¦KHOHSDQHOLNXOWRKXWXVW
N¦VLWOHYDLGSHDW¾NNH
ZZZDHJFRP
7227(.,5-(/'86
-XKWSDQHHOL¾OHYDDGH
1 2 3 4 5 6 7 8 9 10
)XQNWVLRRQ .LUMHOGXV
6LVVHY¦OMD /¾OLWDE·KXSXKDVWLVLVVHMDY¦OMD
(VLPHQHNLLUXV 0RRWRUO¾OLWXEHVLPHVHOHNLLUXVHOH
7HLQHNLLUXV 0RRWRUO¾OLWXEWHLVHOHNLLUXVHOH
.ROPDVNLLUXV 0RRWRUO¾OLWXENROPDQGDOHNLLUXVHOH
0DNVLPXPNLLUXV 0RRWRUO¾OLWXEPDNVLPXPNLLUXVHOH
.LLUXVHVXXUHQGDPLQH 0RRWRUO¾OLWXEPDNVLPXPNLLUXVHOHPLQXWLS¦UDVWO¾OLಣ
WXEVHDGHXXHVWLHHOPLVHOHV¦WWHOH
.HUJHWXXO KXSXKDVWLW¸¸WDEPDGDODLPDONLLUXVHOPLQXWLS¦ಣ
UDVWO¾OLWXEVHDGHY¦OMD
)LOWULP¦UJXDQQH 7XOHWDEPHHOGHHWV¸HILOWHUWXOHEDVHQGDGDY·LSXKDVಣ
WDGDMDUDVYDILOWHUWXOHESXKDVWDGD
+REt+RRG 3OLLGLNDXGX·KXSXKDVWLNDVXWDPLVHIXQNWVLRRQLLQGLಣ
NDDWRU
 /DPS /¾OLWDEYDOJXVWXVHVLVVHMDY¦OMD
,*$3(9$1(.$687$0,1(
KXSXKDVWLNDVXWDPLQH
.RQWUROOLJHVRRYLWDWDYDWNLLUXVWYDVWDYDOW
DOOWRRGXGWDEHOLOH
7RLGXNXXPXWDPLVHONDDQHWDWXGSRWLJD
7RLGXYDOPLVWDPLVHONDDQHWDWXGSRWWLGHJDPLWPHO
NHHGXDODOY·LS·OHWLO·UQSUDDGLPLQH
.HHWPLQHMDVXXUHPDWHNRJXVWHSUDDGLPLQHLOPDNDDಣ
QHWDWRLGXYDOPLVWDPLQHPLWPHONHHGXDODOY·LS·OHWLO
MD .HHWPLQHMDVXXUHPDWHNRJXVWHSUDDGLPLQHLOPDNDDಣ
QHWDVXXUQLLVNXV
((67, 
9¦UVNHQGDEN¸¸JL·KNXS¦UDVWN¾SVHWDPLVWY¦JDPDಣ
GDODP¾UDWDVHPHJD6HGDVDDEDNWLYHHULGDMDGHDNWLಣ
YHHULGDSXXGXWDGHVV¾PEROLW6HHIXQNWVLRRQO¾OLWXE
LJDPLQXWLM¦UHODXWRPDDWVHOWY¦OMD.DVXWDGDDLQXOW
S¦UDVWN¾SVHWDPLVW
6RRYLWDWDYRQM¦WWDS¦UDVW
N¾SVHWDPLVW·KXSXKDVWL
W¸¸OHOLJLNDXGXPLQXWLNV
-XKWSDQHHORQVHQVRUY¦OL
3XXGXWDJHV¾PEROHLG
VHNXQGHWIXQNWVLRRQLG
DNWLYHHULGD
KXSXKDVWLNDVXWDPLVHNV
 /¾OLWDJHVHDGHVLVVHYDMXWDGHV
V¾PEROLW
1¾¾GVDDWHIXQNWVLRRQLGVLVVHO¾OLWDGD
 )XQNWVLRRQLN¦LYLWDPLVHNVSXXGXWDJH
V¾PEROLW
 9DMDGXVHOSXXGXWDJHYDOJXVWL
V¾PEROLW HWNHHGXDODYDOJXVWDGD
9DOJXVHLQWHQVLLYVXVHPXXWPLVHNV
SXXGXWDJHMDKRLGNHV¾PEROLWXXHVWL
6HDGPHY¦OMDO¾OLWDPLVHNVYDMXWDJHXXHVWL
V¾PEROLW
+REt+RRGIXQNWVLRRQ
6HHRQDXWRPDDWQHIXQNWVLRRQPLV
¾KHQGDESOLLGLMD·KXSXKDVWL1LLSOLLGLONXL
ND·KXSXKDVWLORQLQIUDSXQD
VLJQDDONRPPXQLNDDWRU9HQWLODDWRULNLLUXV
P¦¦UDWDNVHDXWRPDDWVHOWYDOLWXGUHŀLLPL
MDSOLLGLOROHYDN·LJHNXXPHPDQ·X
WHPSHUDWXXULDOXVHO9HQWLODDWRULW¸¸G
VDDESOLLGLNDXGXNDN¦VLWVLMXKWLGD
)XQNWVLRRQLVDDEVLVVHO¾OLWDGDSOLLGL
SDQHHOLOW
/LVDWHDYHWIXQNWVLRRQL
NDVXWDPLVHNRKWDOHLDWHSOLLGL
NDVXWXVMXKHQGLVW
0DNVLPDDOVH
PRRWRULNLLUXVH
VLVVHO¾OLWDPLQH
3XXGXWDGHVQXSSX O¾OLWXE
PDNVLPDDOQHPRRWRULNLLUXVVLVVH
PLQXWLNV3¦UDVWVHGDS¸¸UGXEVHDGH
WDJDVLHHOPLVHOHNLLUXVWDVHPHOH
.XLIXQNWVLRRQRQVLVVH
O¾OLWDWXGHLROHQXSX
W¦LHQGDYDOSXXGXWDPLVHO
PLQJLWP·MX
)LOWULP¦UJXDQQH
)LOWULKRLDWXVWXOHWDEPHHOGHHWV¸HILOWHU
WXOHEDVHQGDGDY·LSXKDVWDGDMD
UDVYDILOWHUSXKDVWDGD.XLUDVYDILOWHU
YDMDESXKDVWDPLVWO¾OLWXEILOWULLQGLNDDWRU
VHNXQGLNV VLVVH.XLV¸HILOWHU
YDMDESXKDVWDPLVWO¾OLWXEILOWULLQGLNDDWRU
VHNXQGLNV VLVVH
/XJHJHUDVYDILOWULSXKDVWXVH
NRKWDSXKDVWXVHMDKRROGXVH
SHDW¾NLVW
/XJHJHV¸HILOWULSXKDVWDPLVH
Y·LV¸HILOWULDVHQGDPLVH
NRKWDSXKDVWXVHMDKRROGXVH
SHDW¾NLVW
)XQNWVLRRQLO¦KWHVWDPLVHNVSXXGXWDJH
QXSSX VHNXQGLW
)XQNWVLRRQL
 /¾OLWDJHVLVVHMXKWSDQHHO
 9HHQGXJHHWLNRRQLGRQYDOJHNV
PXXWXQXG
 )XQNWVLRRQLDNWLYHHULPLVHNV
SXXGXWDJHQXSSX VHNXQGLW
.XLV¸HILOWULP¦UJXDQQHRQVLVVHO¾OLWDWXG
VLLVILOWULLNRRQ YLOJXEYLLVNRUGD
 )XQNWVLRRQLY¦OMDO¾OLWDPLVHNV
SXXGXWDJHQXSSX VHNXQGLW
.XLIXQNWVLRRQRQY¦OMDO¾OLWDWXGVLLVILOWUL
LNRRQ YLOJXENROPNRUGD
ZZZDHJFRP
38+$6786-$+22/'86
-XKLVHGSXKDVWDPLVHNV
3XKDVWXVYD഻
KHQGLG
UJHNDVXWDJHDEUDVLLYVHLGYDKHQGHLGHJDKDUMX
3XKDVWDJHVHDGPHSLQGDSHKPHODSLVRRMDYHHQLQJSHKPHWRLPHOLVH
SHVXYDKHQGLJD
3¦UDVWWRLGXYDOPLVWDPLVWRQP·QHGVHDGPHRVDGNXXPDG3OHNNLGHY¦Oಣ
WLPLVHNVODVNHVHDGPHOHQQHSXKDVWDPLVWMDKWXGDNXLYDWDJHVHGDSXKಣ
WDODSLY·LN¸¸JLSDEHULJD
3OHNNLGHHHPDOGDPLVHNVNDVXWDJHSHKPHWRLPHOLVWSXKDVWXVYDKHQGLW
+RLGNH·KXSX഻
KDVWLSXKWDQD
1LLVHDGHWNXLUDVYDILOWULWWXOHNVS·KMDOLNXPDOWSXKDVWDGDNRUGNXXV3Xಣ
KDVWDJHKRROLNDOWVHDGPHVLVHPXVMDUDVYDILOWULGUDVYDVW7RLGXM¦¦NLGH
NRJXQHPLQHY·LENDDVDWXXDV¾WWLPLVH
.XLILOWULKRLDWXVS·OHEM¦UJLJHWDUYLNXWHSXKDVWDPLVHMXKLVHLG9WILOWUL
KRLDWXVHMDRWLVWSHDW¾NLV,JDS¦HYDQHNDVXWDPLQH
5DVYDILOWUHLGY·LESHVWDNDQ·XGHSHVXPDVLQDV
9DOLJHQ·XGHSHVXPDVLQDVPDGDODWHPSHUDWXXULJDO¾KLNHWV¾NNHO5DVಣ
YDILOWHUY·LENHUJHOWPXXWDY¦UYLNXLGVHHHLP·MXWDNXLGDJLVHDGPH
W¸¸G
6¸HILOWHU
6¸HILOWULNDVXWXVDHJY·LEROODHULQHYV·OWXGHVWRLGXYDOPLVWDPLVHW¾¾ELVW
MDUDVYDILOWULSXKDVWDPLVHVDJHGXVHVW$NWLYHHULWXGV¸HILOWHUHLROHSHVಣ
WDYVHGDHLVDDUHJHQHUHHULGDQLQJVHHWXOHELJDNXXWDJDQWXXH
YDVWXY¦OMDYDKHWDGDY¦JDLQWHQVLLYVHONDVXWDPLVHODJDWLKHGDPLQL
5DVYDILOWULSXKDVWDPLQH
)LOWULWHSDLJDOGDPLVHORQYDVWDVSRROHO
NDVXWDWXGNODPEUHLGMDWLKYWH
)LOWULSXKDVWDPLVHNV
 W·PPDNHNDWHWHWVHHHHPDOGDGD
1
 9DMXWDJHNLQQLWXVNODPEULKRLGLNXW
PLVDVXEILOWULSDQHHOLO·KXSXKDVWLDOO

1
2
 .DOOXWDJHILOWULHVLRVDNHUJHOW
DOODSRROHVHHM¦UHOW·PPDNH
.RUUDNHNDKWHHVLPHVWWRLPLQJXWN·LJL
ILOWULWHSXKXO
 3XKDVWDJHILOWULGQ·XGHSHVXPDVLQDV
Y·LPLWWHDEUDVLLYVHWRLPHJD
SHVXDLQHVQLLVXWDWXGN¦VQDJD
((67, 
1·XGHSHVXPDVLQSHDE
ROHPDVHDWXGPDGDODOH
WHPSHUDWXXULOHMDO¾KLNHVHOH
WV¾NOLOH5DVYDILOWHUY·LEY¦UYL
PXXWDNXLGVHHHLP·MXWD
VHDGPHWRLPLYXVW
 )LOWULWHWDDVSDLJDOGDPLVHNVWHRVWDJH
NDNVHVLPHVWWRLPLQJXWYDVWXSLGLVHV
M¦UMHNRUUDV
.RUUDNHVDPPHN·LJLILOWULWHSXKXONXL
VHHRQDVMDNRKDQH
6¸HILOWULYDKHWDPLQH
+2,$786
6¸HILOWHUHLROHSHVWDY
)LOWULDVHQGDPLVHNV
 (HPDOGDJHVHDGPHVWN·LN
UDVYDILOWULG
9WN¦HVROHYDSHDW¾NLRVD5DVYDILOWUL
SXKDVWDPLQH
 /¾NDNHVDNNHILOWULDOXPLVHRVD
VXXQDV6¸HILOWUHLGRQNDNVNVILOWHU
DVXEVHDGPHDOORVDVMDWHLQHVHOOH
HVLRVDV
 .DOOXWDJHILOWULHVLRVDNHUJHOW
DOODSRROHVHHM¦UHOW·PPDNH
 8XHILOWULSDLJDOGDPLVHNVWHRVWDJH
WRLPLQJYDVWXSLGLVHVM¦UMHNRUUDV
.LQGODVWLWXOHEILOWULGY¦OMDYDKHWDGD
Y¦KHPDOWLJDQHOMDNXXWDJDQW
/DPELDVHQGDPLQH
6HOOHVHDGPHMXXUGHNXXOXEND/('
ODPS6HGDRVDY·LEDVHQGDGDDLQXOW
WHKQLN0LVWDKHVULNNHNRUUDOYDDGDNH
MDRWLVW+RROGXVSHDW¾NLV
2KXWXVMXKLVHG
-70(.,7/86
6¾PEROLJD W¦KLVWDWXGPDWHUMDOLGY·LE
ULQJOXVVHVXXQDWD6HOOHNVYLLJHSDNHQGLG
YDVWDYDWHVVHNRQWHLQHULWHVVH$LGDNH
KRLGDNHVNNRQGDMDLQLPHVWHWHUYLVWMD
VXXQDNHHOHNWULMDHOHNWURRQLOLVHG
M¦¦WPHGULQJOXVVHUJHYLVDNH
V¾PEROLJD W¦KLVWDWXGVHDGPHLGPXXGH
PDMDSLGDPLVM¦¦WPHWHKXOND9LLJHVHDGH
NRKDOLNNXULQJOXVSXQNWLY·LS¸¸UGXJHDEL
VDDPLVHNVNRKDOLNNXRPDYDOLWVXVVH
ZZZDHJFRP
6,6/7
7859$//,68867,('27-$$6(11862+-((7
7827(.89$86
3,9,77,1(1.<77
+2,72-$38+',6786
7<'(//,6,78/2.6,$
.LLWRVNXQYDOLWVLWW¦P¦Q$(*WXRWWHHQ2OHPPHOXRQHHWVHQDQWDPDDQVLQXOOH
PRLWWHHWWRPDQVXRULWXVN\Y\QPRQLHQYXRVLHQDMDQLQQRYDWLLYLVLOODWHNQLLNRLOODMRWND
KHOSRWWDYDWHO¦P¦¦ದQ¦P¦RYDWRPLQDLVXXNVLDMRLWDHWHKN¦O¸\G¦WDYDOOLVLVWD
ODLWWHLVWD.¦\W¦PXXWDPDPLQXXWWLDLNDDVLOXNHDNVHVLNXLQNDVDDWNDLNHQNDLNHQ
K\¸G\QLUWLODLWWHHVWD
9LHUDLOHYHUNNRVLYXOODPPH
6DDWN¦\WW¸¸QOLLWW\YL¦QHXYRMDHVLWWHLW¦YLDQP¦¦ULW\VRKMHLWDVHN¦KXROWRMD
NRUMDXVRKMHLWD
ZZZDHJFRPVXSSRUW
5HNLVWHU¸LWXRWWHHVLVDDGDNVHVLSDUHPSDDKXROWRD
ZZZUHJLVWHUDHJFRP
2VWDODLWWHHVHHVLOLV¦YDUXVWHLWDNXOXWXVWXRWWHLWDMDDONXSHU¦LVL¦YDUDRVLD
ZZZDHJFRPVKRS
$6,$.$63$/9(/8
.¦\W¦DLQDDONXSHU¦LVL¦YDUDRVLD
3LG¦VHXUDDYDWWLHGRWVDDWDYLOODRWWDHVVDVL\KWH\WW¦YDOWXXWHWWXXQ
KXROWROLLNNHHVHHPPH0DOOL31&WXRWHQXPHURVDUMDQXPHUR
7LHGRWO¸\W\Y¦WDUYRNLOYHVW¦
9DURLWXV9DURWRLPLMDWXUYDOOLVXXVWLHWRMD
<OHLVWLHWRDMDYLQNNHM¦
<PS¦ULVW¸QVXRMHOXWLHWRMD
2LNHXVPXXWRNVLLQSLG¦WHW¦¦Q
7859$//,68867,('27-$$6(11862+-((7
9$52,786
.DWVRWXUYDOOLVXXVWLHGRWMD
DVHQQXVRKMHHWHULOOLVLVW¦
DVHQQXVRKMHLVWD/XH
7XUYDOOLVXXVOXYXW
KXROHOOLVHVWLHQQHQODLWWHHQ
N¦\WW¸¦WDLKXROWRD
6820, 
7827(.89$86
.¦\WW¸SDQHHOLQRVDW
1 2 3 4 5 6 7 8 9 10
7RLPLQWR .XYDXV
3¦¦OOH3RLVS¦¦OW¦ .\WNHHOLHVLWXXOHWWLPHQS¦¦OOHMDSRLVS¦¦OW¦
(QVLPP¦LQHQQRSHXVWDಣ
VR 0RRWWRULN\WNH\W\\HQVLPP¦LVHOOHQRSHXVWDVROOH
7RLQHQQRSHXVWDVR 0RRWWRULN\WNH\W\\WRLVHOOHQRSHXVWDVROOH
.ROPDVQRSHXVWDVR 0RRWWRULN\WNH\W\\NROPDQQHOOHQRSHXVWDVROOH
(QLPP¦LVQRSHXV 0RRWWRULVLLUW\\HQLPP¦LVQRSHXVWDVROOH
1RSHXVWHKRVWXV 0RRWWRULN\WNH\W\\HQLPP¦LVQRSHXVWDVROOH9LLGHQPLಣ
QXXWLQNXOXWWXDODLWHSDODDHGHOOLVHOOHDVHWXNVHOOH
.HY\WLOPDYLUWD /LHVLWXXOHWLQWRLPLLY¦KLPP¦LVQRSHXGHOODPLQXXWLQ
NXOXWWXDODLWHN\WNH\W\\SRLVWRLPLQQDVWD
6XRGDWLQLOPRLWXV 0XLVWXWWDDKLLOLVXRGDWWLPHQYDLKWRWDLSXKGLVWXVWDUಣ
SHHVWDVHN¦UDVYDVXRGDWWLPHQSXKGLVWXVWDUSHHVWD
+REt+RRGOLHVLWXXOHWLQ /LHVLWXXOHWWLPHQNHLWWRWDVRQRKMDXNVHQPHUNLYDOR
 /DPSSX 6\W\WW¦¦MDVDPPXWWDDYDORW
3,9,77,1(1.<77
/LHVLWXXOHWWLPHQN¦\WW¸
7DUNLVWDVXRVLWHOWXQRSHXVDOODROHYDVWD
WDXOXNRVWD
5XRNLHQO¦PPLW\VUXRDQYDOPLVWXVNDQQHOOLVLOODNHLWWRಣ
DVWLRLOOD
5XRDQYDOPLVWXVNDQQHOOLVLOODNHLWWRDVWLRLOODXVHDPPDOಣ
ODNHLWWRDOXHHOODWDLSROWWLPHOODNHY\WSDLVWDPLQHQ
.HLWW¦PLQHQMDVXXULHQUXRNDP¦¦ULHQSDLVWDPLQHQLOಣ
PDQNDQWWDUXRDQYDOPLVWXVXVHDPPDOODNHLWWRDOXHHOಣ
ODWDLSROWWLPHOOD
ZZZDHJFRP
MD .HLWW¦PLQHQMDVXXULHQUXRNDP¦¦ULHQSDLVWDPLQHQLOಣ
PDQNDQWWDVXXULP¦¦U¦NRVWHXWWDLOPDDQ
5DLNDVWDDNHLWWL¸QLOPDDUXRDQYDOPLVWXNVHQM¦ONHHQ
HLN¦SLG¦SDOMRQPHWHOL¦6HYRLGDDQN¦\QQLVW¦¦MD
VDPPXWWDDNRVNHWWDPDOODV\PEROLD7RLPLQWRN\WNH\ಣ
W\\DXWRPDDWWLVHVWLSRLVS¦¦OW¦PLQXXWLQNXOXWWXD
.¦\W¦DLQRDVWDDQUXRDQYDOPLVWXNVHQM¦ONHHQ
/LHVLWXXOHWLQRQVXRVLWHOWDYDD
M¦WW¦¦WRLPLQWDDQQRLQ
PLQXXWLQDMDNVL
UXRDQYDOPLVWXNVHQM¦ONHHQ
.¦\WW¸SDQHHOLNRRVWXX
DQWXUHLVWD.RVNHWD
V\PEROHLWDVHNXQQLQDMDQ
WRLPLQWRMHQN\WNHPLVHNVL
WRLPLQWDDQ
/LHVLWXXOHWWLPHQN¦\WW¦PLQHQ
 .\WNHODLWHS¦¦OOHSDLQDPDOOD
V\PEROLD
9RLWN\WNH¦WRLPLQQRQSRLVS¦¦OW¦
 .\WNHWRLPLQWRS¦¦OOHNRVNHWWDPDOOD
V\PEROLD
 .RVNHWDWDUYLWWDHVVDYDORQV\PEROLD
NHLWWRWDVRQYDODLVHPLVHNVL9RLW
PXXWWDDYDORQNLUNNDXWWD
NRVNHWWDPDOODV\PEROLDXXGHOOHHQMD
SLW¦P¦OO¦VLW¦DOKDDOOD
6DPPXWDODLWHSDLQDPDOODXXGHOOHHQ
V\PEROLD
+REt+RRGWRLPLQWR
.\VHHVV¦RQDXWRPDDWWLWRLPLQWRMRND
\KGLVW¦¦NHLWWRWDVRQOLHVLWXXOHWWLPHHQ
6HN¦NHLWWRWDVRVVDHWW¦OLHVLWXXOHWWLPHVVD
RQLQIUDSXQDVLJQDDOLQYLHVWLQ3XKDOWLPHQ
QRSHXVV¦¦W\\DXWRPDDWWLVHVWLWLOD
DVHWXNVHQMDNHLWWRWDVROODROHYDQ
NXXPLPPDQNHLWWRDVWLDQO¦PS¸WLODQ
PXNDDQ3XKDOOLQWDYRLGDDQV¦¦W¦¦P\¸V
NHLWWRWDVRVWDPDQXDDOLVHVWL7RLPLQWR
YRLGDDQN\WNH¦WRLPLQWDDQNHLWWRWDVRQ
SDQHHOLVWD
/LV¦WLHWRDWRLPLQQRQ
N¦\WW¦PLVHVW¦O¸\W\\
NHLWWRWDVRQN¦\WW¸RKMHHVWD
0RRWWRULQ
PDNVLPLQRSHXGHQ
DNWLYRLPLQHQ
3DLQLNHWWD NRVNHWWDHVVDPRRWWRULQ
PDNVLPLQRSHXVN¦\QQLVW\\PLQXXWLQ
DMDNVL6HQM¦ONHHQODLWHSDODDHGHOOLVHHQ
QRSHXVDVHWXNVHHQ
.XQWRLPLQWRRQN\WNHWW\
WRLPLQWDDQSDLQLNNHHQ
NRVNHWXNVLOODHLROH
YDLNXWXVWD
6XRGDWLQLOPRLWXV
6XRGDWLQK¦O\W\VPXLVWXWWDD
KLLOLVXRGDWWLPHQYDLKWRWDL
SXKGLVWXVWDUSHHVWDVHN¦
UDVYDVXRGDWWLPHQSXKGLVWXVWDUSHHVWD
6XRGDWWLPHQPHUNNLYDOR V\WW\\
VHNXQQLQDMDNVLMRVUDVYDVXRGDWWLPHQ
SXKGLVWXVRQWDUSHHQ6XRGDWWLPHQ
PHUNNLYDOR YLONNXXVHNXQQLQDMDQ
MRVKLLOLVXRGDWWLPHQYDLKWRWDLSXKGLVWXV
RQWDUSHHQ
.DWVROXNX
5DVYDVXRGDWWLPHQ
SXKGLVWDPLQHQOXYXVWD
+RLWRMDSXKGLVWXV
.DWVRKLLOLVXRGDWWLPHQ
SXKGLVWXVWDLYDLKWRRKMHHW
OXYXVWD+RLWRMDSXKGLVWXV
1ROODDWRLPLQWRNRVNHWWDPDOODSDLQLNHWWD
NROPHQVHNXQQLQDMDQ
.\NHWRLPLQWRS¦¦OOHWDLSRLVS¦¦OW¦
 .\WNHRKMDXVSDQHHOLS¦¦OOH
 9DUPLVWDHWW¦NXYDNNHHWRYDW
PXXWWXQHHWYDONRLVLNVL
6820, 
 .¦\QQLVW¦WRLPLQWRNRVNHWWDPDOOD 
SDLQLNHWWDVHNXQQLQDMDQ
-RVWRLPLQWRRQN¦\W¸VV¦VXRGDWWLPHQ
NXYDNH YLONNXXYLLVLNHUWDD
 .\WNHWRLPLQWRSRLVS¦¦OW¦
NRVNHWWDPDOODSDLQLNHWWD 
VHNXQQLQDMDQ
-RVWRLPLQWRRQSRLVS¦¦OW¦VXRGDWWLPHQ
NXYDNH YLONNXXNROPHNHUWDD
+2,72-$38+',6786
3XKGLVWXNVHHQOLLWW\YL¦KXRPDXWXNVLD
3XKGLVWXVDL഻
QHHW
O¦N¦\W¦KDQNDDYLDSHVXDLQHLWDWDLKDUMRMD
3XKGLVWDODLWWHHQSLQQDWO¦PSLP¦OO¦YHGHOO¦MDPLHGROODSHVXDLQHHOOD
N¦\WW¦HQSHKPH¦¦SXKGLVWXVOLLQDD
-RWNLQODLWWHHQRVDWYRLYDWNXXPHQWXDN¦\W¸QDLNDQD$QQDODLWWHHQ
M¦¦KW\¦MDNXLYDDVHSXKWDDOODOLLQDOODWDLSDSHULS\\KNHLOO¦WDKURMHQY¦OWಣ
W¦PLVHNVL
3RLVWDWDKUDWPLHGROODSHVXDLQHHOOD
3LG¦OLHVLWXXOH഻
WLQSXKWDDQD
3XKGLVWDODLWHMDUDVYDVXRGDWWLPHWNXXNDXGHQY¦OHLQ3RLVWDUDVYDKXRಣ
OHOOLVHVWLVLV¦RVDVWDMDUDVYDVXRGDWWLPLVWD5DVYDQWDLPXLGHQURLVNHLಣ
GHQNHUW\PLQHQYRLMRKWDDWXOLSDORRQ
.XQVXRGDWWLPHQK¦O\W\VDNWLYRLWXXQRXGDWDOLV¦YDUXVWHLGHQSXKGLVWXVಣ
RKMHLWD.DWVRNRKWD6XRGDWWLPHQK¦O\W\VRVLRVWD3¦LYLWW¦LQHQN¦\WW¸
5DVYDVXRGDWWLPHWYRLGDDQSHVW¦DVWLDQSHVXNRQHHVVD
3HVHDVWLDQSHVXNRQHHQDOKDLVHOODO¦PS¸WLODOODMDO\K\HOO¦RKMHOPDOOD
5DVYDVXRGDWWLPHVVDYRLHVLLQW\¦Y¦ULPXXWRNVLDW¦P¦HLYDLNXWDODLWWHHQ
VXRULWXVN\N\\Q
+LLOLVXRGDWLQ
+LLOLVXRGDWWLPHQN\OO¦VW\PLVDLNDYDLKWHOHHUXRDQODLWWRWDYDQMDUDVYDVXRಣ
GDWWLPHQSXKGLVWXVWLKH\GHQPXNDDQ$NWLYRLWXQXWWDKLLOLVXRGDWLQWDHLYRL
SHVW¦WDLUHJHQHURLGDVHWXOHHYDLKWDDQRLQNXXNDXGHQN¦\W¸QM¦Oಣ
NHHQWDLVLW¦WLKH¦PPLQHULW\LVHQYDDWLYDVVDN¦\W¸VV¦
5DVYDVXRGDWWLPHQ
SXKGLVWDPLQHQ
6XRGDWWLPHWWXOHHDVHQWDDSLGLNNHLGHQ
DYXOODQLLQHWW¦WDSLWRYDWYDVWDNNDLVHOOD
SXROHOOD
3XKGLVWDDNVHVLVXRGDWWLPHQ
 YHG¦NDQVLDXNL
1
 3DLQDDVHQQXVSLGLNNHHQNDKYDD
OLHVLWXXOHWWLPHQDODRVDVVDROHYDVVD
VXRGDWLQSDQHHOLVVD
ZZZDHJFRP
1
2
 .DOOLVWDVXRGDWWLPHQHWXRVDDKLXNDQ
DODVS¦LQMDYHG¦VHQM¦ONHHQ
7RLVWDNDNVLHQVLPP¦LVW¦YDLKHWWD
MRNDLVHQVXRGDWWLPHQNRKGDOOD
 3XKGLVWDVXRGDWWLPHWVLHQHOO¦
N¦\WW¦HQKDQNDDPDWWRPLD
SHVXDLQHLWDWDLSHVHQH
DVWLDQSHVXNRQHHVVD
3HVHDVWLDQSHVXNRQHHQ
DOKDLVHOODO¦PS¸WLODOODMD
O\K\HOO¦RKMHOPDOOD
5DVYDVXRGDWWLPHVVDYRL
HVLLQW\¦Y¦ULPXXWRNVLD
PXWWDVHHLYDLNXWDODLWWHHQ
VXRULWXVN\N\\Q
 $VHQQDVXRGDWWLPHWWDNDLVLQ
QRXGDWWDPDOODNDKGHQHQVLPP¦LVHQ
YDLKHHQRKMHLWDS¦LQYDVWDLVHVVD
M¦UMHVW\NVHVV¦
7RLVWDYDLKHHWWDUYLWWDHVVDNDLNNLHQ
VXRGDWWLPLHQNRKGDOOD
+LLOLVXRGDWWLPHQ
9$52,786
+LLOLVXRGDWLQWDHLYRLSHVW¦
6XRGDWWLPHQYDLKWDPLQHQ
 ,UURWDUDVYDVXRGDWWLPHWODLWWHHVWD
/XHRKMHHWW¦P¦QOXYXQRVLRVWD
5DVYDVXRGDWWLPHQSXKGLVWDPLQHQ
 9HG¦NLHOHNNHLW¦VXRGDWWLPHQ
DODRVDDNRKWL+LLOLVXRGDWWLPLDRQ
NDNVL<NVLODLWWHHQDODSXROHOODMD
WRLQHQODLWWHHQHWXRVDVVD
 .DOOLVWDVXRGDWWLPHQHWXRVDDKLXNDQ
DODVS¦LQMDYHG¦VHQM¦ONHHQ
 $VHQQDXXVLVXRGDWLQVXRULWWDPDOOD
WRLPHQSLWHHWS¦LQYDVWDLVHVVD
M¦UMHVW\NVHVV¦
6XRGDWWLPHWRQMRNDWDSDXNVHVVD
YDLKGHWWDYDY¦KLQW¦¦QQHOM¦QNXXNDXGHQ
Y¦OHLQ
/DPSXQYDLKWDPLQHQ
/DLWWHHQPXNDQDWRLPLWHWDDQ/('
ODPSSX7¦P¦QRVDQVDDYDLKWDD
DLQRDVWDDQKXROWRWHNQLNNR0LN¦OL
ODLWWHHVVDHVLLQW\\WRLPLQWDK¦LUL¸LW¦NDWVR
NRKWD+XROWROXYXVWD
7XUYDOOLVXXVRKMHHW
<035,671682-(/8
.LHUU¦W¦PDWHULDDOLWMRWNDRQPHUNLWW\
PHUNLOO¦ .LHUU¦W¦SDNNDXVODLWWDPDOOD
VHDVLDQPXNDLVHHQNLHUU¦W\VDVWLDDQ
6XRMHOH\PS¦ULVW¸¦MDLKPLVWHQWHUYH\WW¦
NLHUU¦WW¦P¦OO¦V¦KN¸MD
HOHNWURQLLNNDURPXWO¦K¦YLW¦PHUNLOO¦
PHUNLWW\M¦NRGLQNRQHLWDNRWLWDORXVM¦WWHHQ
PXNDQD3DODXWDWXRWHSDLNDOOLVHHQ
NLHUU¦W\VNHVNXNVHHQWDLRWD\KWH\WW¦
SDLNDOOLVHHQYLUDQRPDLVHHQ
6820, 
7$%/('(60$7,5(6
,1)250$7,216'(6&85,7(7,167$//$7,21 
'(6&5,37,21'(/$33$5(,/ 
87,/,6$7,214827,',(11(
(175(7,(1(71(772<$*(
3285'(6568/7$763$5)$,76
0HUFLGಬDYRLUFKRLVLFHSURGXLW$(*1RXVOಬDYRQVFRQ©XSRXUTXಬLOYRXVRIIUHGHV
SHUIRUPDQFHVLUU«SURFKDEOHVSHQGDQWGHQRPEUHXVHVDQQ«HVHQLQW«JUDQWGHV
WHFKQRORJLHVLQQRYDQWHVYRXVVLPSOLILDQWODYLHದIRQFWLRQVTXHYRXVQHWURXYHUH]
SHXW¬WUHSDVVXUGHVDSSDUHLOVRUGLQDLUHV9HXLOOH]SUHQGUHTXHOTXHVLQVWDQWV
SRXUOLUHFHWWHQRWLFHDILQGಬXWLOLVHUDXPLHX[YRWUHDSSDUHLO
&RQVXOWH]QRWUHVLWHSRXU
2EWHQLUGHVFRQVHLOVGಬXWLOLVDWLRQGHVEURFKXUHVXQG«SDQQHXUGHV
LQIRUPDWLRQVVXUOHVHUYLFHHWOHVU«SDUDWLRQV
ZZZDHJFRPVXSSRUW
(QUHJLVWUHUYRWUHSURGXLWSRXUXQPHLOOHXUVHUYLFH
ZZZUHJLVWHUDHJFRP
$FKHWHUGHVDFFHVVRLUHVFRQVRPPDEOHVHWSLªFHVGHUHFKDQJHGಬRULJLQHSRXU
YRWUHDSSDUHLO
ZZZDHJFRPVKRS
6(59,&((7$66,67$1&(/$&/,(17/(
1ಬXWLOLVH]TXHGHVSLªFHVGHUHFKDQJHGಬRULJLQH
$YDQWGHFRQWDFWHUQRWUHFHQWUHGHVHUYLFHDJU««DVVXUH]YRXVGHGLVSRVHUGHV
LQIRUPDWLRQVVXLYDQWHV0RGªOH31&QXP«URGHV«ULH
&HVLQIRUPDWLRQVILJXUHQWVXUODSODTXHVLJQDO«WLTXH
$YHUWLVVHPHQW&RQVLJQHVGHV«FXULW«
,QIRUPDWLRQVJ«Q«UDOHVHWFRQVHLOV
,QIRUPDWLRQVHQYLURQQHPHQWDOHV
6RXVU«VHUYHGHPRGLILFDWLRQV
,1)250$7,216'(6&85,7(7,167$//$7,21
$9(57,66(0(17
&RQVXOWH]OHOLYUHWV«SDU«
,QVWUXFWLRQVGಬLQVWDOODWLRQ
SRXUREWHQLUGHV
LQIRUPDWLRQVUHODWLYHV¢OD
V«FXULW«HW¢OಬLQVWDOODWLRQ
/LVH]DWWHQWLYHPHQWOHV
FKDSLWUHV6«FXULW«DYDQW
GಬXWLOLVHURXGಬHQWUHWHQLU
OಬDSSDUHLO
ZZZDHJFRP
'(6&5,37,21'(/$33$5(,/
3U«VHQWDWLRQGXEDQGHDXGHFRPPDQGH
1 2 3 4 5 6 7 8 9 10
)RQFWLRQ 'HVFULSWLRQ
0DUFKH$UU¬W 3HUPHWGHPHWWUHODKRWWHHQPDUFKHHWGHOಬDUU¬WHU
3UHPLªUHYLWHVVH /HPRWHXUSDVVH¢ODSUHPLªUHYLWHVVH
'HX[LªPHYLWHVVH /HPRWHXUSDVVH¢ODGHX[LªPHYLWHVVH
7URLVLªPHYLWHVVH /HPRWHXUSDVVH¢ODWURLVLªPHYLWHVVH
9LWHVVHPD[LPDOH /HPRWHXUSDVVH¢ODYLWHVVHPD[LPDOH
%RRVWYLWHVVH /HPRWHXUSDVVH¢ODYLWHVVHPD[LPDOH$XERXWGH
PLQXWHVOಬDSSDUHLOUHYLHQWDXSU«F«GHQWU«JODJH
%UHH]H /DKRWWHIRQFWLRQQH¢ODYLWHVVHPLQLPDOH$XERXWGH
PLQXWHVOಬDSSDUHLOVಬ«WHLQW
1RWLILFDWLRQGXILOWUH 5DSSHOGHFKDQJHPHQWRXGHQHWWR\DJHGXILOWUH¢
FKDUERQHWGHQHWWR\DJHGXILOWUH¢JUDLVVH
+REt+RRG ,QGLFDWHXUGHODIRQFWLRQSHUPHWWDQWGHFRQWU¶OHUODKRWಣ
WHGHSXLVODWDEOHGHFXLVVRQ
 FODLUDJH 3HUPHWGHPHWWUHOಬ«FODLUDJHHQPDUFKHHWGHOಬDUU¬WHU
87,/,6$7,214827,',(11(
8WLOLVDWLRQGHODKRWWH
9«ULILH]ODYLWHVVHUHFRPPDQG«HGDQVOH
WDEOHDXFLGHVVRXV
/RUVTXHYRXVIDLWHVU«FKDXIIHURXFXLUHGHVDOLPHQWV
DYHFGHVU«FLSLHQWVFRXYHUWV
/RUVTXHYRXVFXLVLQH]GDQVGHVU«FLSLHQWVFRXYHUWV
VXUSOXVLHXUV]RQHVGHFXLVVRQRXEU½OHXUVIULUHGRXಣ
FHPHQW
/RUVTXHYRXVIDLWHVERXLOOLUHWIULUHGHJURVVHVTXDQWLಣ
W«VGಬDOLPHQWVVDQVFRXYHUFOHFXLUHVXUSOXVLHXUV]Rಣ
QHVGHFXLVVRQRXEU½OHXUV
)5$1$,6 
HW /RUVTXHYRXVIDLWHVERXLOOLUHWIULUHGHJURVVHVTXDQWLಣ
W«VGಬDOLPHQWVVDQVFRXYHUFOHJUDQGHTXDQWLW«GಬKXಣ
PLGLW«
5DIUD°FKLWOಬDLUGDQVODFXLVLQHDSUªVODFXLVVRQ¢WUªV
IDLEOHQLYHDXVRQRUH(OOHSHXW¬WUHDFWLY«HHWG«VDFWLಣ
Y«HHQDSSX\DQWVXUOHV\PEROH/DIRQFWLRQVಬ«WHLQW
DXWRPDWLTXHPHQWDXERXWGHPLQXWHVXWLOLVHU
XQLTXHPHQWDSUªVODFXLVVRQ
1RXVYRXVUHFRPPDQGRQV
GHODLVVHUODKRWWH
IRQFWLRQQHUSHQGDQWHQYLURQ
PLQXWHVDSUªVODFXLVVRQ
/HEDQGHDXGHFRPPDQGH
HVWWDFWLOH$SSX\H]VXUOHV
V\PEROHVSHQGDQW
VHFRQGHSRXUDFWLYHUOHV
IRQFWLRQV
3RXUXWLOLVHUODKRWWH
 0HWWH]HQIRQFWLRQQHPHQWOಬDSSDUHLO
HQDSSX\DQWVXUOHV\PEROH
9RXVSRXYH]PDLQWHQDQWDFWLYHUOHV
IRQFWLRQV
 3RXUDFWLYHUODIRQFWLRQDSSX\H]VXU
OHV\PEROH
 6LQ«FHVVDLUHDSSX\H]VXUOH
V\PEROHGHOಬ«FODLUDJH SRXU
«FODLUHUODVXUIDFHGHFXLVVRQ3RXU
PRGLILHUOಬLQWHQVLW«OXPLQHXVH
DSSX\H]HWPDLQWHQH]OHV\PEROH
HQIRQF«¢QRXYHDX
3RXU«WHLQGUHOಬDSSDUHLODSSX\H]¢
QRXYHDXVXUOHV\PEROH
+REt+RRGIRQFWLRQ
,OVDJLWGXQHIRQFWLRQDXWRPDWLTXH
SHUPHWWDQWGHUHOLHUODWDEOHGHFXLVVRQ¢
XQHKRWWH/DWDEOHGHFXLVVRQHWODKRWWH
GLVSRVHQWWRXWHVOHVGHX[GXQ
FRPPXQLFDWHXUGHVLJQDOLQIUDURXJH/D
YLWHVVHGXYHQWLODWHXUHVWG«ILQLH
DXWRPDWLTXHPHQWHQVHEDVDQWVXUOH
U«JODJHGXPRGHHWGHODWHPS«UDWXUHGX
U«FLSLHQWOHSOXVFKDXGVHWURXYDQWVXUOD
WDEOHGHFXLVVRQ9RXVSRXYH]
«JDOHPHQWDFWLYHUOHYHQWLODWHXU
PDQXHOOHPHQWGHSXLVODWDEOHGH
FXLVVRQ/DIRQFWLRQSHXW¬WUHDFWLY«H
GHSXLVOHEDQGHDXGHFRPPDQGHGHOD
WDEOHGHFXLVVRQ
3RXUSOXVGLQIRUPDWLRQVVXU
OXWLOLVDWLRQGHODIRQFWLRQ
UHSRUWH]YRXV¢ODQRWLFH
GXWLOLVDWLRQGHODWDEOHGH
FXLVVRQ
$FWLYDWLRQGHODYLWHVVH
PD[LPDOHGXPRWHXU
/RUVTXHYRXVDSSX\H]VXU ODYLWHVVH
PD[LPDOHGXPRWHXUHVWDFWLY«HSHQGDQW
PLQXWHV(QVXLWHOಬDSSDUHLOUHSDVVH
DX[SU«F«GHQWVU«JODJHVGHYLWHVVH
/RUVTXHODIRQFWLRQHVW
DFWLY«HXQDSSXL
VXSSO«PHQWDLUHVXU QಬD
DXFXQHIIHW
1RWLILFDWLRQGXILOWUH
6LJQDOGXILOWUHTXLUDSSHOOHGHFKDQJHU
RXQHWWR\HUOHILOWUH¢FKDUERQHWGH
QHWWR\HUOHILOWUH¢JUDLVVH6LOHILOWUH¢
JUDLVVHGRLW¬WUHQHWWR\«OHYR\DQWGX
ILOWUH VಬDOOXPHSHQGDQWVHFRQGHV
6LOHILOWUH¢FKDUERQGRLW¬WUHUHPSODF«
RXQHWWR\«OHYR\DQWGXILOWUH FOLJQRWH
SHQGDQWVHFRQGHV
5HSRUWH]YRXVDX
SDUDJUDSKHm1HWWR\DJHGX
ILOWUH¢JUDLVVH}GDQVOH
FKDSLWUHm(QWUHWLHQHW
QHWWR\DJH}
ZZZDHJFRP
5HSRUWH]YRXVDX
SDUDJUDSKHm1HWWR\DJHGX
ILOWUH¢FKDUERQRX
UHPSODFHPHQWGXILOWUH¢
FKDUERQ}GDQVOHFKDSLWUH
m(QWUHWLHQHWQHWWR\DJH}
3RXUU«LQLWLDOLVHUODIRQFWLRQDSSX\H]VXU
SHQGDQWVHFRQGHV
3RXUDFWLYHURXG«VDFWLYHUOD
IRQFWLRQ
 $FWLYH]OHEDQGHDXGHFRPPDQGH
 $VVXUH]YRXVTXHOHVYR\DQWV
VಬDIILFKHQWHQEODQF
 3RXUDFWLYHUODIRQFWLRQDSSX\H]VXU
SHQGDQWVHFRQGHV
6LODIRQFWLRQHVWDFWLY«HOHYR\DQWGX
ILOWUH FOLJQRWHIRLV
 3RXUG«VDFWLYHUODIRQFWLRQDSSX\H]
VXU SHQGDQWVHFRQGHV
6LODIRQFWLRQHVWG«VDFWLY«HOHYR\DQW
GXILOWUH FOLJQRWHIRLV
(175(7,(1(71(772<$*(
5HPDUTXHVFRQFHUQDQWOHQWUHWLHQ
$JHQWVQHWWR\഻
DQWV
1XWLOLVH]SDVGHG«WHUJHQWVDEUDVLIVQLGHEURVVHV
1HWWR\H]ODVXUIDFHGHOಬDSSDUHLODYHFXQFKLIIRQGRX[GHOಬHDXWLªGHHW
XQG«WHUJHQWGRX[
$SUªVODFXLVVRQFHUWDLQHVSDUWLHVGHOಬDSSDUHLOSHXYHQW¬WUHFKDXGHV
3RXU«YLWHUOHVWDFKHVOಬDSSDUHLOGRLWUHIURLGLUHW¬WUHV«FK«DYHFXQ
FKLIIRQSURSUHRXGHOಬHVVXLHWRXW
1HWWR\H]OHVWDFKHVDYHFXQG«WHUJHQWGRX[
0DLQWHQH]OD
KRWWHSURSUH
1HWWR\H]OಬDSSDUHLOHWOHVILOWUHV¢JUDLVVHWRXVOHVPRLV1HWWR\H]VRLಣ
JQHXVHPHQWOಬLQW«ULHXUHWOHVILOWUHV¢JUDLVVHSRXUUHWLUHUODJUDLVVH
/ಬDFFXPXODWLRQGHJUDLVVHRXGಬDXWUHVU«VLGXVSHXWSURYRTXHUXQLQFHQಣ
GLH
6XLYH]OHVLQVWUXFWLRQVGHQHWWR\DJHGHVDFFHVVRLUHVORUVTXHODQRWLILಣ
FDWLRQGXILOWUHVHG«FOHQFKH&RQVXOWH]1RWLILFDWLRQGXILOWUHGDQVOH
FKDSLWUH8WLOLVDWLRQTXRWLGLHQQH
/HVILOWUHV¢JUDLVVHSHXYHQW¬WUHODY«VDXODYHYDLVVHOOH
/HODYHYDLVVHOOHGRLW¬WUHU«JO«¢EDVVHWHPS«UDWXUHVXUF\FOHFRXUW
/DG«FRORUDWLRQGXILOWUH¢JUDLVVHQDDXFXQHLQFLGHQFHVXUOHVSHUIRUಣ
PDQFHVGHODSSDUHLO
)LOWUH¢FKDUERQ
/HWHPSVGHVDWXUDWLRQGXILOWUH¢FKDUERQYDULHHQIRQFWLRQGXW\SHGH
FXLVVRQHWODU«JXODULW«GXQHWWR\DJHGXILOWUH¢JUDLVVH/HILOWUH¢FKDUಣ
ERQDFWLIQಬHVWSDVODYDEOHQHSHXWSDV¬WUHU«J«Q«U«HWGRLW¬WUHUHPಣ
SODF«WRXVOHV¢PRLVGಬXWLOLVDWLRQHQYLURQRXSOXVIU«TXHPPHQWHQ
FDVGಬXWLOLVDWLRQSDUWLFXOLªUHPHQWLQWHQVLYH
1HWWR\DJHGXILOWUH¢
JUDLVVH
/HVILOWUHVVRQWIL[«V¢ODLGHGHSLQFHVHW
GHSLYRWVGXF¶W«RSSRV«
3RXUQHWWR\HUOHILOWUH
 7LUH]VXUOHFRXYHUFOHSRXUORXYULU
)5$1$,6 
1
 $SSX\H]VXUOHOHYLHUGHODSLQFHGH
IL[DWLRQGXILOWUHVRXVODKRWWH
1
2
 )DLWHVEDVFXOHUGRXFHPHQWODYDQWGX
ILOWUHYHUVOHEDVSXLVWLUH]
GHVVXV
5«S«WH]OHVGHX[SUHPLªUHV«WDSHVSRXU
WRXVOHVILOWUHV
 1HWWR\H]OHVILOWUHV¢ODLGHGXQH
«SRQJHHWGXQG«WHUJHQWQRQDEUDVLI
RXDXODYHYDLVVHOOH
/HODYHYDLVVHOOHGRLW¬WUH
U«JO«¢EDVVHWHPS«UDWXUH
VXUF\FOHFRXUW/D
G«FRORUDWLRQGXILOWUH¢
JUDLVVHQDDXFXQHLQFLGHQFH
VXUOHVSHUIRUPDQFHVGH
ODSSDUHLO
 3RXUU«LQVWDOOHUOHILOWUHVXLYH]OHV
GHX[SUHPLªUHV«WDSHVGDQVORUGUH
LQYHUVH
5«S«WH]OHV«WDSHVSRXUWRXVOHVILOWUHV
VLSU«VHQWV
5HPSODFHPHQWGXILOWUH¢
FKDUERQ
$9(57,66(0(17
/HILOWUH¢FKDUERQQHVWSDV
ODYDEOH
3RXUUHPSODFHUOHILOWUH
 5HWLUH]OHVILOWUHV¢JUDLVVHGH
ODSSDUHLO
5HSRUWH]YRXVDXSDUDJUDSKH
m1HWWR\DJHGXILOWUH¢JUDLVVH}GHFH
FKDSLWUH
 7LUH]OHVSDWWHVYHUVODSDUWLH
LQI«ULHXUHGXILOWUH,O\DGHX[ILOWUHV¢
FKDUERQ/ಬXQGHVILOWUHVHVWVLWX«HQ
GHVVRXVHWOಬDXWUH¢OಬDYDQWGH
OಬDSSDUHLO
 )DLWHVEDVFXOHUGRXFHPHQWODYDQWGX
ILOWUHYHUVOHEDVSXLVWLUH]GHVVXV
 3RXULQVWDOOHUXQQRXYHDXILOWUH
VXLYH]ODP¬PHSURF«GXUHGDQV
ORUGUHLQYHUVH
'DQVWRXVOHVFDVOHVILOWUHVGRLYHQW¬WUH
UHPSODF«VDXPRLQVXQHIRLVWRXVOHV
TXDWUHPRLV
5HPSODFHPHQWGH
O«FODLUDJH
&HWDSSDUHLOHVWIRXUQLDYHFXQHDPSRXOH
/('&HWWHSLªFHSHXWXQLTXHPHQW¬WUH
UHPSODF«HSDUXQWHFKQLFLHQ(QFDVGH
G\VIRQFWLRQQHPHQWUHSRUWH]YRXVDX
SDUDJUDSKHm0DLQWHQDQFH}GXFKDSLWUH
m&RQVLJQHVGHV«FXULW«}
ZZZDHJFRP


Produktspezifikationen

Marke: AEG
Kategorie: Dunstabzugshaube
Modell: DVK6981HG

Brauchst du Hilfe?

Wenn Sie Hilfe mit AEG DVK6981HG benötigen, stellen Sie unten eine Frage und andere Benutzer werden Ihnen antworten




Bedienungsanleitung Dunstabzugshaube AEG

Bedienungsanleitung Dunstabzugshaube

Neueste Bedienungsanleitung für -Kategorien-