Electrolux DBGL7731CN Bruksanvisning

Electrolux Fläktkåpa DBGL7731CN

Läs nedan 📖 manual på svenska för Electrolux DBGL7731CN (160 sidor) i kategorin Fläktkåpa. Denna guide var användbar för 13 personer och betygsatt med 4.5 stjärnor i genomsnitt av 2 användare

Sida 1/160
'%*/&1
'%*/&1
'%*/&1
/)*5
/)*5
/)*:
/)*:
/)*;
/)*;
̷͕͉͕͙͉͕͑͋͘͡͎͇͚͖͕͙͈͇͗͌ 
1£YRGNSRXŀLW¯ 
%UXJVDQYLVQLQJ 
%HQXW]HULQIRUPDWLRQ 
ˍˡˤˠ˜ˢ˯˔ˮ˛˰ˤ˯ 
8VHU0DQXDO 
0DQXDOGHLQVWUXFFLRQHV 
.DVXWXVMXKHQG 
.¦\WW¸RKMH 
1RWLFHGXWLOLVDWLRQ 
8SXWH]DXSRUDEX 
%*
&6
'$
'(
(/
(1
(6
(7
),
)5
+5
+DV]Q£ODWL¼WPXWDWµ 
,VWUX]LRQLSHUOಬXVR 
Φ͕͇͔͚͒͋͙͚͇͗͒͢
͔ν͘Χ͇͚͇͒͗͢ 
1DXGRMLPRLQVWUXNFLMD 
/LHWRģDQDVLQVWUXNFLMD 
̺͖͇͙͙͉͕͘͎͇͇͚͉͇͗͑Ͱ͌ 
*HEUXLNVDDQZLM]LQJ 
%UXNVDQYLVQLQJ 
,QVWUXNFMDREVĄXJL 
0DQXDOGHLQVWUX©·HV 
+8
,7
..
/7
/9
0.
1/
12
3/
37
0DQXDOGHXWLOL]DUH 
̯͔͙͚͗͑͘͝͏ͦ͖͕
͖͚͇͙͇ͤ͑͒͘͝͏͏ 
1£YRGQDSRXŀ¯YDQLH 
1DYRGLOD]DXSRUDER 
8GK]LPHWSUSUGRULP 
̺͖͚͙͙͉͕͘͎͇͚͖͕͙͈͚͗͌ 
%UXNVDQYLVQLQJ 
.XOODQPD.óODYX]X 
̞͔͙͚͗͑ͬͦ͘͝ 
52
58
6.
6/
64
65
69
75
8.
156AR
DBGL1031CN
DBGL7731CN
DBGL5431CN
LFG716R
LFG719R
LFG716W
LFG719W
LFG716X
LFG719X
DBGL1031CN
DBGL7731CN
DBGL5431CN
LFG716R
LFG719R
LFG716W
LFG719W
LFG716X
LFG719X
KFG726X
KFG726R
̸̷̴̧̫̭̯̬́́
̴̵̷̧̯̻̳̯̽͆̧̮̵̶̸̴̵̸̨̧̬̮̹̯̵̴̧̳̹̭ 
̵̶̸̴̧̯̯̬̴̧̷̧̺̬̫ 
̸̴̴̧̩̬̱̯̫̬̩̶̵̷̨̧̺̹̬ 
̷̪̯̭̯̯̶̵̸̴̧̯̹̩̬̾ 
̸̳̯̲̯̳̧̮̸̧̩
̨͇͕͇͒͊͋͗͏͓̩͏͌͞͎͇͚͖͑͏͙͌͜͚͗͌͋͔͇(OHFWUROX[̯͎͈͇͙͗͌͜͖͕͚͙͗͋͑͕͙͕͑͐
͔͕͘͏͉͈͌͌͘͘͏͙͋͌͌͘͏͙͒͌͏ͦ͖͕͗͛͌͘͏͕͔͇͔͒͌͕͖͏͙͏͏͔͕͉͇͝͏͏̵͗͏͊͏͔͇͔͒͌͏
͙͘͏͔͒͌͙͕͐͌͎͇͔͋͋͌͘͡͘͓͏͒͘͡͎͇̩͇͘̮͇͙͕͉͇͕͇͙͕͑͊͕͊͏͎͖͕͎͉͇͙͒͌͓͕͍͙͌͌
͇͋͙͌͘͘͏͚͔͊͗͏͌͞͉͌͑͘͏͖͙͡͌͠͖͕͙͘͏͇͙͊͌͙͇͕͙͔͗͘͜͏͎͚͙͇͙͗͌͒͏
̫͕͈͗͌͕͋͒͟͏͉(OHFWUROX[
ИзкЮлЮлЮжЩсбшмЮЪкЩвлаЩ
̩͏͍͙͌͖͕͎͔͒͌͏͉͙͌͘͡͏͎͇͚͖͕͙͈͇͗͌͈͕͚͗͗͟͏͕͙͙͇͔͉͇͔͗ͦ͌͘͔͇
͔͌͏͎͖͇͉͔͕͙͗͘͏͏͔͕͓͇͛͗͝͏ͦ͎͇͉͌͗͘͏͎͏͓͕͔͙͗͌
ZZZHOHFWUROX[FRPVXSSRUW
̷͌͊͏͙͗͘͏͇͙͗͐͌̩͇͟͏ͦ͖͕͚͙͗͋͑͎͇͖͕͕͈͕͋͗͕͈͚͍͉͇͔͒͌͘
ZZZUHJLVWHUHOHFWUROX[FRP
̱͚͖͙͌͌͇͕͇͑͌͗͘͘͏͕͔͚͓͇͙͑͘͏͉͏͏͕͗͏͊͏͔͇͔͒͏͎͉͔͗͌͌͗͏͇͙͘͞͏͎͇̩͇͟͏ͦ
͚͗͌͋
ZZZHOHFWUROX[FRPVKRS
̵̸̴̨̧̲̺̭̩̬̴̧̴̱̲̯̬̹̯
̩͏͔͇͊͏͏͎͖͕͎͉͇͙͒͐͌͕͗͏͊͏͔͇͔͒͏͎͉͔͗͌͌͗͏͇͙͘͞͏
̱͕͇͙͕͊͌͘͉͎͉͇͙͗͌͘͡͘͔͇͟͏ͦ͕͙͕͗͏͎͏͇͔͗͕͙͋͌͒ಱ̵͈͚͍͉͇͔͒͌͘ಯ͙͈͉͇͗ͦ͇͋
͏͓͇͙͌͖͕͋͇͗͑͡͔͇͙͇͒͌͋͘͏͔͕͓͇͛͗͝͏ͦ̳͕͋͌͒31&͌͗͘͏͔͌͔͕͓͌͗
̯͔͕͓͇͛͗͝͏͙͇ͦ͓͕͍͌͇͋͈͋͌͡͕͙͑͗͏͙͇͔͇͙͇͈͇͙͇͌͒͑͘͕͔͕͉͔͘͏͇͔͔͋͏
̶͚͖͍͔͗͌͋͗͌͋͌͏͌̩͔͏͓͇͔͏͌ದ̯͔͕͓͇͛͗͝͏ͦ͎͇͈͎͕͖͇͔͕͙͌͘͘
̵͈͇͠͏͔͕͓͇͛͗͝͏ͦ͏͉͙͌͘͡͏
̯͔͕͓͇͛͗͝͏ͦ͎͇͕͕͔͇͙͇͑͒͇͗͌͋͘
̮͇͖͇͎͉͇͓͌͘͏͖͇͉͕͙͕͗͔͇͏͎͓͔͔͌͌͏ͦ
̴̵̷̧̯̻̳̯̽͆̧̮̵̶̸̴̵̸̨̧̬̮̹̯̵̴̧̳̹̭
ЋЖБЕЉЖБЎ
̩͏͍͙͌͕͙͔͇͙͇͋͌͒͈͕͚͇͗͗͟
͘͏͔͙͚͗͑͘͝͏͏͎͇
͏͔͙͇͒͘͏͇͔͗͌͎͇
̯͔͕͓͇͛͗͝͏ͦ͎͇
͈͎͕͖͇͔͕͙͌͘͘͏͓͕͔͙͇͍
̶͕͙͙͗͌͌͌͞͉͔͏͓͇͙͔͕͌͒
͇͉͊͒͏͙͌͎͇͈͎͕͖͇͔͕͙͌͘͘
͖͗͌͋͏͉͇ͦ͑͘͚͖͕͙͈͇͗͌͏͒͏
͖͕͍͇͋͋͗͑͡͔͇͚͇͗͌͋
ZZZHOHFWUROX[FRP
̸̷̴̧̫̭̯̬́́
̴̵̷̧̯̻̳̯̽͆̧̮̵̶̸̴̵̸̨̧̬̮̹̯̵̴̧̳̹̭ 
̵̶̸̴̧̯̯̬̴̧̷̧̺̬̫ 
̸̴̴̧̩̬̱̯̫̬̩̶̵̷̨̧̺̹̬ 
̷̪̯̭̯̯̶̵̸̴̧̯̹̩̬̾ 
̸̳̯̲̯̳̧̮̸̧̩
̨͇͕͇͒͊͋͗͏͓̩͏͌͞͎͇͚͖͑͏͙͌͜͚͗͌͋͔͇(OHFWUROX[̯͎͈͇͙͗͌͜͖͕͚͙͗͋͑͕͙͕͑͐
͔͕͘͏͉͈͌͌͘͘͏͙͋͌͌͘͏͙͒͌͏ͦ͖͕͗͛͌͘͏͕͔͇͔͒͌͕͖͏͙͏͏͔͕͉͇͝͏͏̵͗͏͊͏͔͇͔͒͌͏
͙͘͏͔͒͌͙͕͐͌͎͇͔͋͋͌͘͡͘͓͏͒͘͡͎͇̩͇͘̮͇͙͕͉͇͕͇͙͕͑͊͕͊͏͎͖͕͎͉͇͙͒͌͓͕͍͙͌͌
͇͋͙͌͘͘͏͚͔͊͗͏͌͞͉͌͑͘͏͖͙͡͌͠͖͕͙͘͏͇͙͊͌͙͇͕͙͔͗͘͜͏͎͚͙͇͙͗͌͒͏
̫͕͈͗͌͕͋͒͟͏͉(OHFWUROX[
ИзкЮлЮлЮжЩсбшмЮЪкЩвлаЩ
̩͏͍͙͌͖͕͎͔͒͌͏͉͙͌͘͡͏͎͇͚͖͕͙͈͇͗͌͈͕͚͗͗͟͏͕͙͙͇͔͉͇͔͗ͦ͌͘͔͇
͔͌͏͎͖͇͉͔͕͙͗͘͏͏͔͕͓͇͛͗͝͏ͦ͎͇͉͌͗͘͏͎͏͓͕͔͙͗͌
ZZZHOHFWUROX[FRPVXSSRUW
̷͌͊͏͙͗͘͏͇͙͗͐͌̩͇͟͏ͦ͖͕͚͙͗͋͑͎͇͖͕͕͈͕͋͗͕͈͚͍͉͇͔͒͌͘
ZZZUHJLVWHUHOHFWUROX[FRP
̱͚͖͙͌͌͇͕͇͑͌͗͘͘͏͕͔͚͓͇͙͑͘͏͉͏͏͕͗͏͊͏͔͇͔͒͏͎͉͔͗͌͌͗͏͇͙͘͞͏͎͇̩͇͟͏ͦ
͚͗͌͋
ZZZHOHFWUROX[FRPVKRS
̵̸̴̨̧̲̺̭̩̬̴̧̴̱̲̯̬̹̯
̩͏͔͇͊͏͏͎͖͕͎͉͇͙͒͐͌͕͗͏͊͏͔͇͔͒͏͎͉͔͗͌͌͗͏͇͙͘͞͏
̱͕͇͙͕͊͌͘͉͎͉͇͙͗͌͘͡͘͔͇͟͏ͦ͕͙͕͗͏͎͏͇͔͗͕͙͋͌͒ಱ̵͈͚͍͉͇͔͒͌͘ಯ͙͈͉͇͗ͦ͇͋
͏͓͇͙͌͖͕͋͇͗͑͡͔͇͙͇͒͌͋͘͏͔͕͓͇͛͗͝͏ͦ̳͕͋͌͒31&͌͗͘͏͔͌͔͕͓͌͗
̯͔͕͓͇͛͗͝͏͙͇ͦ͓͕͍͌͇͋͈͋͌͡͕͙͑͗͏͙͇͔͇͙͇͈͇͙͇͌͒͑͘͕͔͕͉͔͘͏͇͔͔͋͏
̶͚͖͍͔͗͌͋͗͌͋͌͏͌̩͔͏͓͇͔͏͌ದ̯͔͕͓͇͛͗͝͏ͦ͎͇͈͎͕͖͇͔͕͙͌͘͘
̵͈͇͠͏͔͕͓͇͛͗͝͏ͦ͏͉͙͌͘͡͏
̯͔͕͓͇͛͗͝͏ͦ͎͇͕͕͔͇͙͇͑͒͇͗͌͋͘
̮͇͖͇͎͉͇͓͌͘͏͖͇͉͕͙͕͗͔͇͏͎͓͔͔͌͌͏ͦ
̴̵̷̧̯̻̳̯̽͆̧̮̵̶̸̴̵̸̨̧̬̮̹̯̵̴̧̳̹̭
ЋЖБЕЉЖБЎ
̩͏͍͙͌͕͙͔͇͙͇͋͌͒͈͕͚͇͗͗͟
͘͏͔͙͚͗͑͘͝͏͏͎͇
͏͔͙͇͒͘͏͇͔͗͌͎͇
̯͔͕͓͇͛͗͝͏ͦ͎͇
͈͎͕͖͇͔͕͙͌͘͘͏͓͕͔͙͇͍
̶͕͙͙͗͌͌͌͞͉͔͏͓͇͙͔͕͌͒
͇͉͊͒͏͙͌͎͇͈͎͕͖͇͔͕͙͌͘͘
͖͗͌͋͏͉͇ͦ͑͘͚͖͕͙͈͇͗͌͏͒͏
͖͕͍͇͋͋͗͑͡͔͇͚͇͗͌͋
ZZZHOHFWUROX[FRP
̵̶̸̴̧̯̯̬̴̧̷̧̺̬̫
̶͗͌͊͒͌͋͔͇͕͔͙͕͔͑͗͒͏ͦ͖͇͔͌͒
2 3 4 5 6 71
Нмжгпбш ЗибкЩжбЮ
+REt+RRG ̯͔͋͏͇͙͕͑͗͎͇͚͔͛͑͝͏͙͇ͦ͎͇͚͖͇͉͔͗͒͌͏͌͔͇͇͖͇͑ಣ
͇͑͕͙͕͙͕͔͇͑͒
̲͇͓͖͇ ̩͉͇͔͑͒ͥ͌͞͏͏͎͉͇͔͑͒ͥ͌͞͔͇͇͓͖͒͏
̶͉͇͗͡͕͕͙͑͗͘͘͏͎͑͒ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͖͉͇͗͡͕͕͙͑͗͘͘̺͙͗͌͋͡
͌͘͏͎͉͇͑͒ͥ͞͒͌͋͘͉͙͕͕͗͔͇͙͏͇͔͑͌͘
̩͙͕͇͗͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͉͙͕͇͗͕͕͙͑͗͘͘
̹͙͇͗͌͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͙͙͇͗͌͕͕͙͑͗͘͘
̳͇͑͘͏͓͇͔͇͒͕͕͙͑͗͘͘ ̳͕͙͕͙͗͡͖͉͉͇͗͌͑͒ͥ͞͔͇͓͇͑͘͏͓͇͔͇͒͕͕͙͑͗͘͘
̯͎͉͙͌͘͏͌͎͇͛͏͙͒͗͡ ̴͇͖͕͓͔ͦ͎͇͓͔͇ͦ͘͏͒͏͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡͏͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇͓͇͎ಣ
͔͏͔͏
̸̴̴̧̩̬̱̯̫̬̩̶̵̷̨̧̺̹̬
̯͎͖͕͎͉͇͔͒͌͔͇
͇͈͕͈͇͙͕͇͗͗͘
̶͕͉͙͗͌͗͌͌͖͖͕͗͌͗͡͞͏͙͔͇͙͇͌͒͕͕͙͑͗͘͘
͉͕͙͉͙͙͉͌͘͘͡͏͌͘͙͇͈͒͏͇͙͇͝͖͕͕͚͋͒
̶͗͏͎͇͙͕͖͔͒ͦ͌͔͇͇͔͇͗͜͕͙͉͔͊͌͌͘͖͕͙͇͉͔͌͘
͇͖͇͑͑
̶͗͏͕͙͉͔͊͌͌͘͇͖͇͑͑͉͚͗͜͡͔͕͕ͦ͑͒͑͎͕͔͏͎͇͕͊ಣ
͙͉͔͌͌͏͒͏͕͙͕͔͑͒͏͕͒͌͑͖͍͔͗͌͌͡
̶͗͏͉͇͔͗͌͌͖͍͔͗͌͌͡͔͇͕͓͊͒͌͏͕͑͒͏͙͉͇͌͘͞
͇͔͇͗͜͈͎͌͇͖͇͑͑͕͙͉͔͊͌͌͔͇͔͕͕ͦ͑͒͑͎͕͔͏͎͇͕͊ಣ
͙͉͔͌͌͏͒͏͕͙͕͔͑͒͏
̶͗͏͉͇͔͗͌͌͖͍͔͗͌͌͡͔͇͕͓͊͒͌͏͕͑͒͏͙͉͇͌͘͞
͇͔͇͗͜͈͎͌͇͖͇͑͑͉͏͕͇͑͘͉͇͍͔͕͙͒͘̧͈͕͈͇͙͕͗͘ಣ
͙͗͡͇͈͕͙͗͏͔͇͓͇͑͘͏͓͇͔͇͒͕͕͙͑͗͘͘̸͒͌͋͓͏ಣ
͔͚͙͏͚͙͗͌͋͡͌͘͉͇͗͡͠͔͇͖͕͔͇͙͇͒͌͋͘͔͇͙͕͗͐͘ಣ
͇͑
ЊУДЌЉЙКГБ 
̶͖͕͗͌͗͡͞͏͙͔͕͌͒͌͇͋
͕͙͇͉͘͏͙͌͇͈͕͈͇͙͕͇͗͗͘͇͋
͇͈͕͙͗͏͖͗͏͈͒͏͎͏͙͔͕͌͒
͓͏͔͚͙͏͒͌͋͘͕͙͉͔͊͌͌
̮͇͇͋͇͈͕͙͗͏͙͌͘͇͈͕͈͇͙͕͙͗͗͘͡
 ̴͇͙͏͔͙͌͌͘͖͉͗͡͏ͦ͈͚͙͕͔͎͇͕͕͙͑͗͘͘
͎͇͇͋͉͑͒ͥ͞͏͙͌͚͇͗͌͋
 ̧͕͑͌͔͕͈͕͌͋͜͏͓͕͔͇͙͏͔͙͌͌͘
͈͚͙͕͔͇͔͇͇͓͖͒͏͇͙͇͑͞ ͎͇͇͋
͕͉͙͌͘͏͙͌͖͕͉͔͕͙͙͇͗͘͜͡͎͇͕͙͉͔͊͌͌
 ̧͕͑͌͔͕͈͕͌͋͜͏͓͕͓͔͙͌͌͌͘
͕͕͙͙͇͑͗͘͘͇͙͕͑͔͇͙͏͔͙͌͌͘͍͇͔͌͒͏ͦ
͈͚͙͕͔
̮͇͇͋͏͎͑͒ͥ͞͏͙͌͚͇͗͌͋͔͇͙͏͔͙͌͌͘
͕͙͔͕͉͕͈͚͙͕͔͇
+REt+RRG͚͔͛͑͝͏ͦ
̹͕͉͇͌͇͉͙͕͓͇͙͏͔͇͞͚͔͛͑͝͏ͦ
͉͎͉͇͇͗͘͡͠͖͕͙͇͒͓͑͡͇͈͕͈͇͙͕͇͗͗͘
̱͇͙͕͑͖͕͇͙͇͒͞͙͇͇͑͏͇͈͕͈͇͙͕͙͗͗͘͡
͇͎͖͕͇͇͙͗͒͊͘͕͓͚͔͑͏͇͙͕͑͗͘
͏͔͇͉͔͛͗͌͗͌͞͘͏͔͇͊͒̸͕͕͙͙͇͑͗͘͔͇
͉͔͙͌͏͇͙͕͇͒͗͌͘͕͖͗͌͋͌͒ͦ
͇͉͙͕͓͇͙͏͔͕͞͉͎͡͕͔͕͉͇͘͔͇
͔͇͙͕͇͙͇͗͐͑͘͔͇͍͗͌͏͓͇͏
͙͓͖͇͙͚͇͙͇͌͌͗͗͔͇͔͇͐͕͊͗͌͠͏͙͌
͕͙͉͇͊͗͑͘͏͕͉͋͌͘͡͉͚͗͜͡͖͕͙͇͒̸͕͡͠
͙͇͇͑͓͕͍͙͌͌͇͋͚͖͇͉͉͇͙͗͒ͦ͌
͉͔͙͌͏͇͙͕͇͒͗͏͔͕͗͡͞͕͙͖͕͙͇͒
̻͚͔͑͝͏͙͇ͦ͓͕͍͌͇͋͌͘͇͙͑͏͉͏͇͗͕͙
͖͇͔͇͌͒͔͇͖͕͙͇͒
̮͇͖͕͉͌͌͞͏͔͕͓͇͛͗͝͏ͦ
͕͙͔͕͔͕͘͇͑͑͌͘͏͎͖͕͎͉͇͒
͚͔͛͑͝͏͙͇ͦ͉͏͍͙͌
͖͕͙͈͗͌͏͙͕͙͕͌͒͑͘
͕͉͕͙͉͕͗͑͋͘͡͎͇͖͕͙͇͒
̯͎͉͙͌͘͏͌͎͇͛͏͙͒͗͡
̧͇͓͇͙͇͒͗͔͇͛͏͙͇͒͗͡͔͇͖͕͓͔ͦ͎͇
͓͔͇ͦ͘͏͒͏͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡͇͙͕͑͑͏͎͇͖͕͞͏͙͉͇͔͌͘
͔͇͛͏͙͇͒͗͡͎͇͓͇͎͔͏͔͏̯͔͋͏͇͙͕͙͑͗͡
͔͇͛͏͙͇͒͗͡ ͌͘͉͉͇͑͒ͥ͞͉͉
͖͕͍͔͗͋͒͌͡͏͌͔͇͚͔͌͑͋͘͏͉͚͇͒͐͘͞
͌͞͛͏͙͙͒͗͡͡͎͇͓͇͎͔͏͔͏͏͓͇͔͚͍͇͋͕͙
͖͕͞͏͙͉͇͔͌͘̯͔͋͏͇͙͕͙͑͗͡͔͇͛͏͙͇͒͗͡
͖͓͗͌͏͉͇͊͉͖͕͍͔͗͋͒͌͡͏͌͔͇
͚͔͌͑͋͘͏͇͕͑͛͏͙͙͒͗͡͡͘͇͙͑͏͉͔͌
͉͔͊͒͌͡͙͈͉͇͗ͦ͇͋͌͘͓͔͌ͦ͘͏͒͏
͖͕͞͏͙͉͇͘
̴͇͖͇͉͙͗͌͌͖͇͉͇͗͑͘͎͇
͖͕͞͏͙͉͇͔͙͕͌͘͔͇͛͏͙͇͒͗͡
͎͇͓͇͎͔͏͔͏͉͇͉͇͊͒
ಱ̶͕͞͏͙͉͇͔͌͘͏͊͗͏͍͇ಯ
̴͇͖͇͉͙͗͌͌͖͇͉͇͗͑͘
͕͙͔͕͔͕͘͖͕͞͏͙͉͇͔͙͕͌͘͏͒͏
͓͔͇͙͇ͦ͘͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡͉͇͉͇͙͇͊͒
ಱ̪͗͏͍͏͏͖͕͞͏͙͉͇͔͌͘ಯ
̮͇͇͋͔͚͒͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ͎͇͍͙͋͗͌͡
͈͚͙͕͔͇ ͎͇͚͔͌͑͋͘͏
АЩЭЩЩглбЫбйЩлЮбдбЭЮЩглбЫбйЩлЮ
нмжгпбш
 ̮͇͇͋͇͙͑͏͉͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ
͎͇͍͙͋͗͌͡͈͚͙͕͔͇ ͎͇͚͔͌͑͋͘͏
̧͕͑͚͔͛͑͝͏͙͇ͦ͌͇͙͑͏͉͏͇͔͇͗
͏͔͋͏͇͙͕͙͑͗͡ ͓͏͇͊͉͇͋͖͙͡͏
 ̮͇͇͋͇͙͋͌͑͏͉͏͇͙͗͌͚͔͛͑͝͏͙͇ͦ
͎͇͍͙͋͗͌͡͈͚͙͕͔͇ ͎͇͚͔͌͑͋͘͏
̧͕͑͚͔͛͑͝͏͙͇ͦ͌͇͙͋͌͑͏͉͏͇͔͇͗
͏͔͋͏͇͙͕͙͑͗͡ ͓͏͇͊͉͔͍͌͋͡
̫͏͙͇͔͘͝͏͕͔͔͕͚͖͇͉͔͗͒͌͏͌
̺͙͗͌͋͡͌͔͇͈͔͋͌͘͘͋͏͙͇͔͘͝͏͕͔͔͕
͚͖͇͉͔͗͒͌͏͌
̶͉͕͔͇͇͔͕͗͒͡͞͉͎͇͙͇͗͑͡͌͇͙͑͏͉͏͇͔͇͗
АЩЭЩкЫуйЯЮлЮбдббагдчрблЮ
ЭбклЩжпбзжжзлзмийЩЫдЮжбЮ
 ̯͎͙͑͒ͥ͌͌͞͚͇͗͌͋
 ̴͇͙͏͔͙͌͌͘ ͎͇͚͔͌͑͋͘͏
̯͔͋͏͇͙͕͙͑͗͡͔͇͕͔͙͕͔͑͗͒͏ͦ͖͇͔͌͒
͓͏͇͊͉͇͋͖͙͡͏͇͕͑͚͔͛͑͝͏͙͇ͦ͌
͇͙͑͏͉͏͇͔͇͗͏͉͔͍͌͋͡͇͕͑͌
͇͙͋͌͑͏͉͏͇͔͇͗
ZZZHOHFWUROX[FRP
̷̪̯̭̯̯̶̵̸̴̧̯̹̩̬̾
̨͍͌͒͌͑͏͕͙͔͕͔͕͘͖͕͞͏͙͉͇͔͙͕͌͘
ИйЮиЩйЩлбаЩ
изрбклЫЩжЮ
ЖЮбаиздаЫЩвлЮЩЪйЩабЫжбизрбклЫЩтбийЮиЩйЩлббрЮлгб
̶͕͞͏͙͙͌͌͘͒͏͉͇͙͇͌͝͇͙͘͞͔͇͚͔͇͙͇͛͗͘͓͇͌͑͖͇͑͗͡͘͙͕͖͇͒͉͕ಣ
͇͋͏͒͌͑͖͖͇͇͙͗͌͗͎͇͖͕͞͏͙͉͇͔͌͘
̸͒͌͋͕͙͉͔͊͌͌͔͕ͦ͑͏͇͙͘͞͏͔͇͚͇͗͌͋͓͕͇͙͊͇͋͌͘͔͇͙͊͗͌ͦ̮͇͇͋
͏͎͈͔͙͌͊͌͌͖͙͔͇͌͚͙͗͌͋͡͙͈͉͇͗ͦ͇͋͌͘͕͇͒͋͜͏͏͏͎͚͘͟͏͘͞͏͙͇͘
͖͇͑͗͡͏͒͏͇͙͒͛͌͑͘͏
̶͕͞͏͙͙͌͌͘͖͙͔͇͙͇͌͘͒͌͑͖͕͞͏͙͉͇͘͠͖͖͇͇͙͗͌͗
ИзЭЭуйЯЩвлЮ
ЩЪкзйЪЩлзйЩ
рбкл
̶͕͞͏͙͉͇͙͐͌͘͚͗͌͋͏͙͌͏͛͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͉͌͑͘͏͓͌͌͘͝̩͔͏ಣ
͓͇͙͔͕͌͒͖͕͞͏͙͉͇͙͐͌͘͓͇͎͔͏͔͏͖͕͉͙͔͕͙͙͇͗͌͘͟͡͔͇͚͇͗͌͋͏
͛͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏̴͇͙͚͖͉͇͔͗͏ͦ͔͇͓͇͎͔͏͔͏͏͒͏͚͋͗͊͏͕͙͇͘ಣ
͙͡͝͏͓͕͇͙͊͇͋͕͉͇͙͋͌͋͕͋͖͕͍͇͗
̸͉͇͙͒͌͋͐͌͏͔͙͚͗͑͘͝͏͏͙͌͎͇͖͕͞͏͙͉͇͔͌͘͔͇͇͕͇͑͌͗͘͘͏͙͌͕͇͙͕͑͊
͌͉͔͕͑͒ͥ͌͞͏͎͉͙͌͘͏͙͕͌͎͇͛͏͙͒͗͡̩͏͍͙͌͏͎͉͙͉͇͔͌ͦ͘͏ͦ͎͇̻͏͒ಣ
͙͇͗͡͉͇͉͇͙͇͊͒͎͇͍͔͉͔͇͌͌͋͌͚͖͕͙͈͇͗͌
̻͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͓͕͇͙͊͇͋͌͘͖͕͞͏͙͉͇͙͘͉͕͓͋͘͡͏͔͇ͦ͒
̸͕͓͋͡͏͔͇͙͇ͦ͒͙͈͉͇͗ͦ͇͋͌͔͇͙͕͔͇͗͌͘͔͇͔͏͇͑͘͙͓͖͇͙͚͇͌͌͗͗͏
͇͙͑͗͑͡͝͏͑͒͡̻͏͙͙͒͗͡͡͎͇͓͇͎͔͏͔͏͓͕͍͌͇͋͎͇͚͈͊͏͉͙͇͌͝͘͏
͔͕͙͕͉͇͔͌͉͒͏ͦ͌͉͚͗͜͡͇͈͕͙͇͙͇͗͔͇͚͇͗͌͋
НбдлуйкЩг഻
лбЫЮжЫуЬдЮж
̩͓͙͕͗͌͌͎͇͔͇͘͏͇͔͌͠͔͇͛͏͙͇͒͗͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡͎͇͉͏͘͏͕͙
͙͏͖͇͕͙͉͔͊͌͌͏͕͉͔͕͙͙͇͗͌͋͘͔͇͖͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇͓͇͎ಣ
͔͏͔͏̻͏͙͙͒͗͡͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡͔͌͓͕͍͌͇͋͌͘͓͏͌͔͌͓͕͍͌
͇͋͌͘͔͗͌͊͌͌͗͏͇͗͏͙͈͉͇͗ͦ͇͋͌͘͖͕͓͔͋͌ͦ͖͗͏͈͒͏͎͏͙͔͕͌͒͔͇
͉͌͑͘͏͓͇͌͌͘͝͇͈͕͙͇͗͏͒͏͖͕͙͕͌͘͞͖͗͏͕͕͈͔͕͌͘͙͍͇͌͑͚͖͕ಣ
͙͈͇͗͌
̶͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡
͎͇͓͇͎͔͏͔͏
̻͏͙͒͗͏͙͌͌͘͓͕͔͙͏͇͙͗͘͖͕͓͕͙͇͠͔͇
͕͈͑͘͏͏͠͏͙͕͉͛͌͇͎͖͕͕͍͔͗͒͌͏͕͙
͕͈͇͙͔͇͙͇͗͙͇͔͇͗͘
АЩЭЩизрбклблЮнбдлуйЩ
 ̴͇͙͏͔͙͌͌͘͍͇͙͇͋͗͑͡͔͇͕͈͇͙͇͑͘͎͇
͓͕͔͙͇͍͉͚͗͜͡͖͇͔͇͌͒͔͇͛͏͙͇͒͗͡
͖͕͋͇͈͕͈͇͙͕͇͗͗͘
1
2
 ̲͕͌͑͔͇͕͔͙͑͒͌͌͖͔͇͙͇͗͌͋͇͙͘͞͔͇
͛͏͙͇͒͗͡͔͇͕͚͋͒͒͌͋͘͕͙͕͑͌
͖͔͙͋͗͌͌͡
̶͕͉͙͕͙͗͌͌͖͉͗͡͏͙͌͉͋͌͙͖͑͘͡͏͎͇
͉͘͏͑͞͏͛͏͙͒͗͏
ЊУДЌЉЙКГБ 
 ̶͕͞͏͙͙͌͌͘͛͏͙͒͗͏͙͌͘͖͕͓͕͙͇͠͔͇
͈͇͊͡͏͔͇͈͇͎͌͗͏͉͔͏͖͖͇͇͙͗͌͗͏͏͒͏
͉͕͓͋͘͡͏͔͇ͦ͒
̸͕͓͋͡͏͔͇͙͇ͦ͒͙͈͉͇͗ͦ͇͋͌
͔͇͙͕͔͇͗͌͘͔͇͔͏͇͑͘
͙͓͖͇͙͚͇͌͌͗͗͏͇͙͑͗͑͡
͝͏͑͒͡̻͏͙͙͒͗͡͡͎͇
͓͇͎͔͏͔͏͓͕͍͌͇͋͎͇͚͈͊͏
͉͙͇͌͝͘͏͔͕͙͕͉͇͔͌͉͒͏ͦ͌
͉͚͗͜͡͇͈͕͙͇͙͇͗͔͇͚͇͗͌͋
 ̮͇͓͕͔͙͏͇͔͗͌͔͇͛͏͙͒͗͏͙͌
͏͎͖͔͙͒͌͌͡͖͉͗͡͏͙͌͉͋͌͙͖͑͘͡͏͉
͕͈͇͙͔͗͌͗͌͋
̶͕͉͙͕͙͗͌͌͙͖͑͘͡͏͙͌͎͇͉͘͏͑͞͏͛͏͙͒͗͏
͇͕͑͌͖͗͏͕͍͒͏͓͕
̸͓͔͇ͦ͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡
ЋЖБЕЉЖБЎ
̻͏͙͙͒͗͡͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡
͔͌͙͈͉͇͗ͦ͇͋͌͘͓͏͌
̮͇͇͋͓͔͌͘͏͙͌͛͏͙͇͒͗͡
 ̯͎͉͇͙͋͌͌͛͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͕͙
͚͇͗͌͋
̩͏͍͙͌ಱ̶͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇
͓͇͎͔͏͔͏ಯ͉͙͇͎͏͇͉͇͊͒
 ̴͇͙͏͔͙͌͌͘͖͔͗͌͋͏ͦ͈͗͡͉͕͙͇͒͘
͓͑͡͕͔͇͙͇͋͒͇͙͘͞͔͇͛͏͙͇͒͗͡
̲͕͌͑͔͇͕͔͙͑͒͌͌͖͔͇͙͇͗͌͋͇͙͘͞͔͇
͛͏͙͇͒͗͡͔͇͕͚͋͒
 ̮͇͓͕͔͙͏͇͔͗͌͔͇͔͕͉͛͏͙͒͗͡
͏͎͖͔͙͒͌͌͡͙͖͑͘͡͏͙͌͉͕͈͇͙͔͗͌͗͌͋
̶͗͏͉͘͏͑͞͏͚͇͒͘͞͏͌͔͕͈͕͌͋͜͏͓͕͇͋
͓͔͙͌ͦ͌͘͛͏͙͒͗͏͙͌͖͕͔͌͔͇͉͌͑͘͏
͙͌͞͏͗͏͓͇͌͌͘͝
̸͓͔͇ͦ͔͇͇͓͖͒͏͇͙͇͑͞
̹͕͎͏͚͗͌͋͌͔͇͈͔͋͌͘͘͘͡͉͙͕͌͋͘͏͕͔͇͋
͇͓͖͒͏͇͑͞/('̹͇͎͏͇͙͘͞͙͈͉͇͗ͦ͇͋
͌͘͓͔͌͘͏͌͋͏͔͙͉͔͕͌͘͕͙͙͔͌͜͏͑̩
͚͇͒͐͘͞͔͇͔͌͏͎͖͇͉͔͕͙͗͘͉͏͍͙͌
ಱ̵͈͚͍͉͇͔͒͌͘ಯ͉͇͉͇͊͒ಱ̯͔͙͚͗͑͘͝͏͏͎͇
͈͎͕͖͇͔͕͙͌͘͘ಯ
̵̶̴̧̧̮̩̬̴̧̵̵̴̧̧̱̲̹̸̷̧̬̫
̷͌͝͏͑͒͏͇͙͗͐͌͓͇͙͌͗͏͇͒͏͙͌͘͘͡
͘͏͓͉͕͇͒ ̶͕͙͇͉͙ͦ͐͌͘͕͖͇͕͉͑͑͏͙͌͉
͕͙͉͙͔͌͘͡͏͙͌͕͔͙͔͑͌͐͌͗͏͎͇
͗͌͝͏͑͒͏͇͔͙͕͗͌͏͓̶͕͓͕͔͙͊͌͌͎͇
͕͖͇͎͉͇͔͙͕͌͔͇͕͕͔͇͙͇͑͒͇͗͌͋͘͏
͕͉͕͙͕͌͑͟͞͎͇͉͋͗͌͇͙͕͑͑͏͎͇
͗͌͝͏͑͒͏͇͔͙͕͗͌͔͇͕͙͖͇͋͡͝͏͕͙
͙͌͒͌͑͗͏͌͑͘͞͏͏͙͕͔͔͌͒͌͑͗͏͚͗͌͋͏̴͌
͏͎͉͙͗͒ͦ͐͌͜͡͚͗͌͋͏͙͌͕͎͔͇͔͌͞͏͘͘͡
͘͏͓͉͕͇͒O ͎͇͔͕͌͋͘͈͏͙͕͉͇͙͇͓͙͌͘
̩͔͙͗͌͌͡͚͇͗͌͋͉͓͙͔͌͘͏ͦ͖͚͔͙͑͎͇
͗͌͝͏͑͒͏͇͔͗͌͏͒͏͌͘͕͈͔͙͗͌͌͡͓͑͡
͉͇͇͙͇͟͕͈͠͏͔͇͑͘͚͍͈͇͒͘
ZZZHOHFWUROX[FRP
 ̶͕͞͏͙͙͌͌͘͛͏͙͒͗͏͙͌͘͖͕͓͕͙͇͠͔͇
͈͇͊͡͏͔͇͈͇͎͌͗͏͉͔͏͖͖͇͇͙͗͌͗͏͏͒͏
͉͕͓͋͘͡͏͔͇ͦ͒
̸͕͓͋͡͏͔͇͙͇ͦ͒͙͈͉͇͗ͦ͇͋͌
͔͇͙͕͔͇͗͌͘͔͇͔͏͇͑͘
͙͓͖͇͙͚͇͌͌͗͗͏͇͙͑͗͑͡
͝͏͑͒͡̻͏͙͙͒͗͡͡͎͇
͓͇͎͔͏͔͏͓͕͍͌͇͋͎͇͚͈͊͏
͉͙͇͌͝͘͏͔͕͙͕͉͇͔͌͉͒͏ͦ͌
͉͚͗͜͡͇͈͕͙͇͙͇͗͔͇͚͇͗͌͋
 ̮͇͓͕͔͙͏͇͔͗͌͔͇͛͏͙͒͗͏͙͌
͏͎͖͔͙͒͌͌͡͖͉͗͡͏͙͌͉͋͌͙͖͑͘͡͏͉
͕͈͇͙͔͗͌͗͌͋
̶͕͉͙͕͙͗͌͌͙͖͑͘͡͏͙͌͎͇͉͘͏͑͞͏͛͏͙͒͗͏
͇͕͑͌͖͗͏͕͍͒͏͓͕
̸͓͔͇ͦ͔͇͛͏͙͇͒͗͡͘
͇͙͑͏͉͔͌͉͔͊͒͌͡
ЋЖБЕЉЖБЎ
̻͏͙͙͒͗͡͡͘͇͙͑͏͉͔͌͉͔͊͒͌͡
͔͌͙͈͉͇͗ͦ͇͋͌͘͓͏͌
̮͇͇͋͓͔͌͘͏͙͌͛͏͙͇͒͗͡
 ̯͎͉͇͙͋͌͌͛͏͙͒͗͏͙͌͎͇͓͇͎͔͏͔͏͕͙
͚͇͗͌͋
̩͏͍͙͌ಱ̶͕͞͏͙͉͇͔͌͘͔͇͛͏͙͇͒͗͡͎͇
͓͇͎͔͏͔͏ಯ͉͙͇͎͏͇͉͇͊͒
 ̴͇͙͏͔͙͌͌͘͖͔͗͌͋͏ͦ͈͗͡͉͕͙͇͒͘
͓͑͡͕͔͇͙͇͋͒͇͙͘͞͔͇͛͏͙͇͒͗͡
̲͕͌͑͔͇͕͔͙͑͒͌͌͖͔͇͙͇͗͌͋͇͙͘͞͔͇
͛͏͙͇͒͗͡͔͇͕͚͋͒
 ̮͇͓͕͔͙͏͇͔͗͌͔͇͔͕͉͛͏͙͒͗͡
͏͎͖͔͙͒͌͌͡͙͖͑͘͡͏͙͌͉͕͈͇͙͔͗͌͗͌͋
̶͗͏͉͘͏͑͞͏͚͇͒͘͞͏͌͔͕͈͕͌͋͜͏͓͕͇͋
͓͔͙͌ͦ͌͘͛͏͙͒͗͏͙͌͖͕͔͌͔͇͉͌͑͘͏
͙͌͞͏͗͏͓͇͌͌͘͝
̸͓͔͇ͦ͔͇͇͓͖͒͏͇͙͇͑͞
̹͕͎͏͚͗͌͋͌͔͇͈͔͋͌͘͘͘͡͉͙͕͌͋͘͏͕͔͇͋
͇͓͖͒͏͇͑͞/('̹͇͎͏͇͙͘͞͙͈͉͇͗ͦ͇͋
͌͘͓͔͌͘͏͌͋͏͔͙͉͔͕͌͘͕͙͙͔͌͜͏͑̩
͚͇͒͐͘͞͔͇͔͌͏͎͖͇͉͔͕͙͗͘͉͏͍͙͌
ಱ̵͈͚͍͉͇͔͒͌͘ಯ͉͇͉͇͊͒ಱ̯͔͙͚͗͑͘͝͏͏͎͇
͈͎͕͖͇͔͕͙͌͘͘ಯ
̵̶̴̧̧̮̩̬̴̧̵̵̴̧̧̱̲̹̸̷̧̬̫
̷͌͝͏͑͒͏͇͙͗͐͌͓͇͙͌͗͏͇͒͏͙͌͘͘͡
͘͏͓͉͕͇͒ ̶͕͙͇͉͙ͦ͐͌͘͕͖͇͕͉͑͑͏͙͌͉
͕͙͉͙͔͌͘͡͏͙͌͕͔͙͔͑͌͐͌͗͏͎͇
͗͌͝͏͑͒͏͇͔͙͕͗͌͏͓̶͕͓͕͔͙͊͌͌͎͇
͕͖͇͎͉͇͔͙͕͌͔͇͕͕͔͇͙͇͑͒͇͗͌͋͘͏
͕͉͕͙͕͌͑͟͞͎͇͉͋͗͌͇͙͕͑͑͏͎͇
͗͌͝͏͑͒͏͇͔͙͕͗͌͔͇͕͙͖͇͋͡͝͏͕͙
͙͌͒͌͑͗͏͌͑͘͞͏͏͙͕͔͔͌͒͌͑͗͏͚͗͌͋͏̴͌
͏͎͉͙͗͒ͦ͐͌͜͡͚͗͌͋͏͙͌͕͎͔͇͔͌͞͏͘͘͡
͘͏͓͉͕͇͒O ͎͇͔͕͌͋͘͈͏͙͕͉͇͙͇͓͙͌͘
̩͔͙͗͌͌͡͚͇͗͌͋͉͓͙͔͌͘͏ͦ͖͚͔͙͑͎͇
͗͌͝͏͑͒͏͇͔͗͌͏͒͏͌͘͕͈͔͙͗͌͌͡͓͑͡
͉͇͇͙͇͟͕͈͠͏͔͇͑͘͚͍͈͇͒͘
ZZZHOHFWUROX[FRP
2%6$+
%(=3(Î12671,1)250$&($,167$/$&(
323,66327Ě(%,Î(
'(11328Ŀ91 
Î,Ģ7Ü1$'5Ŀ%$ 
0<6/0(1$96
'ÝNXMHPHY£PŀHMVWHVL]DNRXSLOLVSRWěHELÏ]QDÏN\(OHFWUROX[3URGXNWNWHU¿
MVWHVL]YROLOLÏHUS£]GHVHWLOHW¯SURIHVLRQ£OQ¯FK]NXģHQRVW¯DLQRYDF¯3ěL
QDYUKRY£Q¯WRKRWRGıP\VOQ«KRDVW\ORY«KRVSRWěHELÏHMVPHP\VOHOLQDYDģH
SRWěHE\0ıŀHWHVHSURWRYŀG\NG\ŀMHMSRXŀ¯Y£WHVSROHKQRXWŀHSRNDŀG«
GRV£KQHWHVNYÝO¿FKY¿VOHGNı
9¯W£Y£V(OHFWUROX[
1DYƢWLYWHQDƢH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HOHFWUROX[FRPVXSSRUW
=DUHJLVWUXMWHVYıMVSRWěHELÏD]¯VNHMWHOHSģ¯VHUYLV
ZZZUHJLVWHUHOHFWUROX[FRP
1£NXSSě¯VOXģHQVWY¯VSRWěHEQ¯KRPDWHUL£OXDRULJLQ£OQ¯FKQ£KUDGQ¯FKG¯OıSUR
Y£ģVSRWěHELÏ
ZZZHOHFWUROX[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
Î(6.< 
323,66327Ě(%,Î(
3ěHKOHGRYO£GDF¯KRSDQHOX
2 3 4 5 6 71
)XQNFH 3RSLV
+REt+RRG .RQWURONDIXQNFHRYO£G£Q¯RGVDYDÏHSDU]YDUQ«
GHVN\
2VYÝWOHQ¯ .]DSQXW¯DY\SQXW¯RVYÝWOHQ¯
3UYQ¯QDVWDYHQ¯RWಣ
£ÏHNY\SQXWR 0RWRUSěHSQHQDSUYQ¯QDVWDYHQ¯RW£ÏHN'UXK¿P
VWLVNQXW¯PVHVSRWěHELÏY\SQH
'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
8SR]RUQÝQ¯QDY¿PÝQX
ILOWUX 8SR]RUĊXMHQDQXWQRVWY¿PÝQ\QHERY\ÏLģWÝQ¯XKO¯ಣ
NRY«KRILOWUXDY\ÏLģWÝQ¯WXNRY«KRILOWUX
'(11328Ŀ91
3RXŀ¯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
]µQ£FKQHERKRě£F¯FKSěLP¯UQ«PVPDŀHQ¯
3ěLYDěHQ¯YRG\SěLVPDŀHQ¯YHON«KRPQRŀVWY¯M¯ಣ
GODEH]SRNOLFHSěLYDěHQ¯QDY¯FHYDUQ¿FK]µQ£FK
QHERKRě£F¯FK
3ěLYDěHQ¯YRG\SěLVPDŀHQ¯YHON«KRPQRŀVWY¯M¯ಣ
GODEH]SRNOLFHSěLY\VRN«YOKNRVWL2GVDYDÏSDU
SUDFXMHSěLPD[LP£OQ¯FKRW£ÏN£FK3RģHVWLPLQXಣ
W£FKVHVSRWěHELÏYU£W¯NSěHGFKR]¯PXQDVWDYHQ¯
ZZZHOHFWUROX[FRP
323,66327Ě(%,Î(
3ěHKOHGRYO£GDF¯KRSDQHOX
2 3 4 5 6 71
)XQNFH 3RSLV
+REt+RRG .RQWURONDIXQNFHRYO£G£Q¯RGVDYDÏHSDU]YDUQ«
GHVN\
2VYÝWOHQ¯ .]DSQXW¯DY\SQXW¯RVYÝWOHQ¯
3UYQ¯QDVWDYHQ¯RWಣ
£ÏHNY\SQXWR 0RWRUSěHSQHQDSUYQ¯QDVWDYHQ¯RW£ÏHN'UXK¿P
VWLVNQXW¯PVHVSRWěHELÏY\SQH
'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
8SR]RUQÝQ¯QDY¿PÝQX
ILOWUX 8SR]RUĊXMHQDQXWQRVWY¿PÝQ\QHERY\ÏLģWÝQ¯XKO¯ಣ
NRY«KRILOWUXDY\ÏLģWÝQ¯WXNRY«KRILOWUX
'(11328Ŀ91
3RXŀ¯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
]µQ£FKQHERKRě£F¯FKSěLP¯UQ«PVPDŀHQ¯
3ěLYDěHQ¯YRG\SěLVPDŀHQ¯YHON«KRPQRŀVWY¯M¯ಣ
GODEH]SRNOLFHSěLYDěHQ¯QDY¯FHYDUQ¿FK]µQ£FK
QHERKRě£F¯FK
3ěLYDěHQ¯YRG\SěLVPDŀHQ¯YHON«KRPQRŀVWY¯M¯ಣ
GODEH]SRNOLFHSěLY\VRN«YOKNRVWL2GVDYDÏSDU
SUDFXMHSěLPD[LP£OQ¯FKRW£ÏN£FK3RģHVWLPLQXಣ
W£FKVHVSRWěHELÏYU£W¯NSěHGFKR]¯PXQDVWDYHQ¯
ZZZHOHFWUROX[FRP
'RSRUXÏXMHVHQHFKDW
RGVDYDÏSDU]DSQXW¿MHģWÝ
SěLEOLŀQÝPLQXWSR
GRNRQÏHQ¯Sě¯SUDY\M¯GOD
-DNXY«VWGRSURYR]XRGVDYDÏSDU
 6SRWěHELÏ]DSQHWHVWLVNQXW¯PSUYQ¯KR
WODϯWNDRW£ÏHN
 9Sě¯SDGÝSRWěHE\VWLVNQÝWHWODϯWNR
SURRVYÝWOHQ¯YDUQ«SORFK\
 9Sě¯SDGÝSRWěHE\]PÝĊWHRW£ÏN\
VWLVNQXW¯PSě¯VOXģQ«KRWODϯWND
6SRWěHELÏY\SQHWHRSÝWRYQ¿PVWLVNQXW¯P
SUYQ¯KRWODϯWNDQDVWDYHQ¯RW£ÏHN
+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\
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WODϯWND QD
VHNXQG\
=DSQXW¯QHERY\SQXW¯IXQNFH
 )XQNFL]DSQHWHVWLVNQXW¯PWODϯWND
QDVHNXQG\
-HOLIXQNFH]DSQXW£NRQWUROND
GYDNU£W]DEOLN£
 )XQNFLY\SQHWHVWLVNQXW¯PWODϯWND
QDVHNXQG\
-HOLIXQNFHY\SQXW£NRQWUROND
MHGQRXEOLNQH
'£ONRY«RYO£G£Q¯
6SRWěHELÏVHGRG£Y£VG£ONRY¿P
RYO£G£Q¯P
3ěLSRMHQ¯MH]DSQXW«MLŀ]Y¿URE\
=DSQXW¯QHERY\SQXW¯G£ONRY«KR
RYO£G£Q¯
 9\SQÝWHVSRWěHELÏ
 1DWěLVHNXQG\VWLVNQÝWH
.RQWURONDQDRYO£GDF¯PSDQHOX]DEOLN£
GYDNU£WNG\ŀMHIXQNFH]DSQXW£D
MHGQRXNG\ŀMHY\SQXW£
Î(6.< 
Î,Ģ7Ü1$'5Ŀ%$
3R]Q£PN\NÏLģWÝQ¯
ÎLVWLF¯SUR഻
VWěHGN\
1HSRXƿ¯YHMWHDEUD]LYQ¯ÏLVWLF¯SURVWěHGN\DNDUW£ÏH
3RYUFKVSRWěHELÏHRWěHWHPÝNN¿PKDGě¯NHPQDPRÏHQ¿PYUR]WRNX
WHSO«YRG\DģHWUQ«KRP\F¯KRSURVWěHGNX
3RYDěHQ¯VHPRKRXQÝNWHU«Ï£VWLVSRWěHELÏH]DKě£W$E\VWH]DEU£ಣ
QLOLVNYUQ£PPXV¯VSRWěHELÏY\FKODGQRXDMHQXWQ«MHMY\VXģLWÏLVWRX
O£WNRYRXQHERSDS¯URYRXXWÝUNRX
6NYUQ\Y\ÏLVWÝWHSRPRF¯ģHWUQ«KRÏLVWLF¯KRSURVWěHGNX
2GVDYDÏSDU
XGUƿXMWHYƿG\
ÏLVW¿
6SRWěHELÏDWXNRY«ILOWU\ÏLVWÝWHNDŀG¿PÝV¯F9QLWěHNDWXNRY«ILOWU\
ģHWUQÝRÏLVWÝWHRGWXNX+URPDGÝQ¯PDVWQRW\ÏL]E\WNıM¯GHOPıŀH
]SıVRELWSRŀ£U
.G\ŀVH]REUD]XMHXSR]RUQÝQ¯ILOWUXěLÑWHVHSRN\Q\NÏLģWÝQ¯Sě¯ಣ
VOXģHQVWY¯9L]Ï£VW8SR]RUQÝQ¯ILOWUXYNDSLWROH'HQQ¯SRXŀ¯Y£Q¯
7XNRY«ILOWU\O]HP¿WYP\ÏFHQ£GRE¯
0\ÏNDQ£GRE¯PXV¯E¿WQDVWDYHQDQDQ¯]NRXWHSORWXDNU£WN¿SURಣ
JUDP8WXNRY«KRILOWUXPıŀHGRM¯WNEDUHYQ«]PÝQÝDOHQHP£WR
ŀ£GQ¿YOLYQDY¿NRQVSRWěHELÏH
8KO¯NRY¿ILOWU
'REDQDV\FHQ¯XKO¯NRY«KRILOWUXVHOLģ¯Y]£YLVORVWLQDW\SXSě¯SUDY\
M¯GODDÏHWQRVWLÏLģWÝQ¯WXNRY«KRILOWUX$NWLYQ¯XKO¯NRY¿ILOWUQHQ¯RP\ಣ
YDWHOQ¿QHO]HMHMUHJHQHURYDWDMHQXWQ«MHMY\PÝQLWNDŀG¿FK
PÝV¯FıSRXŀ¯Y£Q¯QHERÏDVWÝMLYSě¯SDGÝRE]YO£ģWÝYHON«KRY\W¯ŀHಣ
Q¯
ÎLģWÝQ¯WXNRY«KRILOWUX
)LOWU\MVRXXFK\FHQ\QDSURWÝMģ¯VWUDQÝ
SRPRF¯¼FK\WHNDVYRUHN
ÎLƢWÝQ¯ILOWUX
 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
 )LOWU\RP\MWH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N
EDUHYQ«]PÝQÝDOHQHP£WR
ŀ£GQ¿YOLYQDY¿NRQ
VSRWěHELÏH
 3ěLLQVWDODFLILOWUı]SÝWSURYHÑWHSUYQ¯
GYDNURN\SRVWXSXYRSDÏQ«P
SRěDG¯
9Sě¯SDGÝSRWěHE\RSDNXMWHSRVWXSX
YģHFKILOWUı
ZZZHOHFWUROX[FRP
Î,Ģ7Ü1$'5Ŀ%$
3R]Q£PN\NÏLģWÝQ¯
ÎLVWLF¯SUR഻
VWěHGN\
1HSRXƿ¯YHMWHDEUD]LYQ¯ÏLVWLF¯SURVWěHGN\DNDUW£ÏH
3RYUFKVSRWěHELÏHRWěHWHPÝNN¿PKDGě¯NHPQDPRÏHQ¿PYUR]WRNX
WHSO«YRG\DģHWUQ«KRP\F¯KRSURVWěHGNX
3RYDěHQ¯VHPRKRXQÝNWHU«Ï£VWLVSRWěHELÏH]DKě£W$E\VWH]DEU£ಣ
QLOLVNYUQ£PPXV¯VSRWěHELÏY\FKODGQRXDMHQXWQ«MHMY\VXģLWÏLVWRX
O£WNRYRXQHERSDS¯URYRXXWÝUNRX
6NYUQ\Y\ÏLVWÝWHSRPRF¯ģHWUQ«KRÏLVWLF¯KRSURVWěHGNX
2GVDYDÏSDU
XGUƿXMWHYƿG\
ÏLVW¿
6SRWěHELÏDWXNRY«ILOWU\ÏLVWÝWHNDŀG¿PÝV¯F9QLWěHNDWXNRY«ILOWU\
ģHWUQÝRÏLVWÝWHRGWXNX+URPDGÝQ¯PDVWQRW\ÏL]E\WNıM¯GHOPıŀH
]SıVRELWSRŀ£U
.G\ŀVH]REUD]XMHXSR]RUQÝQ¯ILOWUXěLÑWHVHSRN\Q\NÏLģWÝQ¯Sě¯ಣ
VOXģHQVWY¯9L]Ï£VW8SR]RUQÝQ¯ILOWUXYNDSLWROH'HQQ¯SRXŀ¯Y£Q¯
7XNRY«ILOWU\O]HP¿WYP\ÏFHQ£GRE¯
0\ÏNDQ£GRE¯PXV¯E¿WQDVWDYHQDQDQ¯]NRXWHSORWXDNU£WN¿SURಣ
JUDP8WXNRY«KRILOWUXPıŀHGRM¯WNEDUHYQ«]PÝQÝDOHQHP£WR
ŀ£GQ¿YOLYQDY¿NRQVSRWěHELÏH
8KO¯NRY¿ILOWU
'REDQDV\FHQ¯XKO¯NRY«KRILOWUXVHOLģ¯Y]£YLVORVWLQDW\SXSě¯SUDY\
M¯GODDÏHWQRVWLÏLģWÝQ¯WXNRY«KRILOWUX$NWLYQ¯XKO¯NRY¿ILOWUQHQ¯RP\ಣ
YDWHOQ¿QHO]HMHMUHJHQHURYDWDMHQXWQ«MHMY\PÝQLWNDŀG¿FK
PÝV¯FıSRXŀ¯Y£Q¯QHERÏDVWÝMLYSě¯SDGÝRE]YO£ģWÝYHON«KRY\W¯ŀHಣ
Q¯
ÎLģWÝQ¯WXNRY«KRILOWUX
)LOWU\MVRXXFK\FHQ\QDSURWÝMģ¯VWUDQÝ
SRPRF¯¼FK\WHNDVYRUHN
ÎLƢWÝQ¯ILOWUX
 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
 )LOWU\RP\MWH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N
EDUHYQ«]PÝQÝDOHQHP£WR
ŀ£GQ¿YOLYQDY¿NRQ
VSRWěHELÏH
 3ěLLQVWDODFLILOWUı]SÝWSURYHÑWHSUYQ¯
GYDNURN\SRVWXSXYRSDÏQ«P
SRěDG¯
9Sě¯SDGÝSRWěHE\RSDNXMWHSRVWXSX
YģHFKILOWUı
ZZZHOHFWUROX[FRP
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
 =DWODÏWHSěHGQ¯KUDQXYHY¿ěH]X
VPÝUHPNGROQ¯Ï£VWLILOWUX3ěHGQ¯
Ï£VWILOWUXQDNORSWHP¯UQÝGROı
 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ŀ£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Ŀ,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
Î(6.< 
,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* 
9,71.(53',*
7DNIRUGLGXNºEWHHW(OHFWUROX[DSSDUDW'XKDUYDOJWHWSURGXNWVRPJLYHUGLJ
§UWLHUVSURIHVVLRQHOHUIDULQJRJLQQRYDWLRQ*HQLDOWRJHOHJDQW'HWHUGHVLJQHW
PHGGLJLWDQNHUQH6§XDQVHWKYRUQ§UGXEUXJHUGHQNDQGXY¨UHVLNNHUS§DW
GXI§UIDQWDVWLVNHUHVXOWDWHUKYHUJDQJ
9HONRPPHQWLO(OHFWUROX[
%HVºJYRUHVKMHPPHVLGHIRUDW
I§U§GJLYQLQJEURFKXUHUIHMOILQGLQJVHUYLFHRJUHSDUDWLRQVLQIRUPDWLRQ
ZZZHOHFWUROX[FRPVXSSRUW
5HJLVWU«UGLWSURGXNWIRUDWI§EHGUHVHUYLFH
ZZZUHJLVWHUHOHFWUROX[FRP
.ºEWLOEHKºUIRUEUXJVYDUHURJRULJLQDOHUHVHUYHGHOHWLOGLWDSSDUDW
ZZZHOHFWUROX[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
ZZZHOHFWUROX[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* 
9,71.(53',*
7DNIRUGLGXNºEWHHW(OHFWUROX[DSSDUDW'XKDUYDOJWHWSURGXNWVRPJLYHUGLJ
§UWLHUVSURIHVVLRQHOHUIDULQJRJLQQRYDWLRQ*HQLDOWRJHOHJDQW'HWHUGHVLJQHW
PHGGLJLWDQNHUQH6§XDQVHWKYRUQ§UGXEUXJHUGHQNDQGXY¨UHVLNNHUS§DW
GXI§UIDQWDVWLVNHUHVXOWDWHUKYHUJDQJ
9HONRPPHQWLO(OHFWUROX[
%HVºJYRUHVKMHPPHVLGHIRUDW
I§U§GJLYQLQJEURFKXUHUIHMOILQGLQJVHUYLFHRJUHSDUDWLRQVLQIRUPDWLRQ
ZZZHOHFWUROX[FRPVXSSRUW
5HJLVWU«UGLWSURGXNWIRUDWI§EHGUHVHUYLFH
ZZZUHJLVWHUHOHFWUROX[FRP
.ºEWLOEHKºUIRUEUXJVYDUHURJRULJLQDOHUHVHUYHGHOHWLOGLWDSSDUDW
ZZZHOHFWUROX[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
ZZZHOHFWUROX[FRP
352'8.7%(6.5,9(/6(
2YHUVLJWRYHUEHWMHQLQJVSDQHO
2 3 4 5 6 71
)XQNWLRQ %HVNULYHOVH
+REt+RRG ,QGLNDWRUIRUIXQNWLRQHQWLODWVW\UHHPK¨WWHQIUDNRಣ
JHVHNWLRQHQ
/DPSH 6O§UODPSHUQHWLORJIUD
)ºUVWHKDVWLJKHG6OXNಣ
NHW 0RWRUHQVNLIWHUWLOIºUVWHKDVWLJKHGVQLYHDX(WDQGHW
WU\NVOXNNHUIRUDSSDUDWHW
$QGHQKDVWLJKHG 0RWRUHQVNLIWHUWLODQGHWKDVWLJKHGVQLYHDX
7UHGMHKDVWLJKHG 0RWRUHQVNLIWHUWLOWUHGMHKDVWLJKHGVQLYHDX
0DNVLPDOKDVWLJKHG 0RWRUHQVNLIWHUWLOPDNVLPDOWKDVWLJKHGVQLYHDX
)LOWHUPHGGHOHOVH 0LQGHUEUXJHUHQRPDWVNLIWHHOOHUUHQJºUHNXOILOWHUHW
RJRPDWUHQJºUHIHGWILOWHUHW
'$*/,*%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
NRJH]RQHUHOOHUEOXVOHWVWHJQLQJ
.RJQLQJVWHJQLQJDIVWRUHP¨QJGHUPDGXGHQ
O§JS§PDGWLOEHUHGQLQJS§IOHUHNRJH]RQHUHOOHU
EOXV
.RJQLQJVWHJQLQJDIVWRUHP¨QJGHUPDGXGHQ
O§JS§PHJHWIXJW(PK¨WWHQNºUHUS§PDNVLPDO
KDVWLJKHG(IWHUPLQXWWHUVNLIWHUDSSDUDWHWWLOEDಣ
JHWLOGHQIRUULJHLQGVWLOOLQJ
'$16. 
9LDQEHIDOHUDWPDQODGHU
HPK¨WWHQNºUHYLGHUHLFD
PLQXWWHUHIWHU
PDGODYQLQJHQ
)RUDWEHWMHQHHPK¨WWHQ
 7U\NS§GHQIºUVWHKDVWLJKHGVNQDS
IRUDWW¨QGHDSSDUDWHW
 +YLVGHWHUQºGYHQGLJWWU\NNHVS§
O\VNQDSSHQ IRUDWRSO\VH
PDGODYQLQJVRYHUIODGHQ
 +YLVGHWHUQºGYHQGLJWVNLIWHV
KDVWLJKHGHQYHGDWWU\NNHS§GHQ
ºQVNHGHNQDS
6OXNIRUHQKHGHQYHGLJHQDWWU\NNHS§
GHQIºUVWHKDVWLJKHGVNQDS
+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
)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
)XQNWLRQHQQXOVWLOOHVYHGDWWU\NNHS§
NQDSSHQ LVHNXQGHU
6§GDQVO§VIXQNWLRQHQWLOHOOHUIUD
 )XQNWLRQHQDNWLYHUHVYHGDWWU\NNHS§
NQDSSHQ LVHNXQGHU
+YLVIXQNWLRQHQHUDNWLYHUHWEOLQNHU
LQGLNDWRUHQ WRJDQJH
 )XQNWLRQHQGHDNWLYHUHVYHGDWWU\NNH
S§NQDSSHQ LVHNXQGHU
+YLVIXQNWLRQHQHUGHDNWLYHUHWEOLQNHU
LQGLNDWRUHQ «QJDQJ
)MHUQVW\ULQJ
$SSDUDWHWOHYHUHVPHGIMHUQEHWMHQLQJ
)RUELQGHOVHQHURSULQGHOLJWDNWLYHUHW
6§GDQWLOVOXWWHVHOOHUIUDNREOHV
IMHUQEHWMHQLQJHQ
 6OXNDSSDUDWHW
 7U\NS§ LVHNXQGHU
/DPSHQS§NRQWUROSDQHOHWEOLQNHUWR
JDQJHKYLVIXQNWLRQHQHUDNWLYHUHWRJ«Q
JDQJKYLVGHQHUGHDNWLYHUHW
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§QGNO¨GH
5HQJºUSOHWWHUPHGHWPLOGWUHQJºULQJVPLGGHO
ZZZHOHFWUROX[FRP
9LDQEHIDOHUDWPDQODGHU
HPK¨WWHQNºUHYLGHUHLFD
PLQXWWHUHIWHU
PDGODYQLQJHQ
)RUDWEHWMHQHHPK¨WWHQ
 7U\NS§GHQIºUVWHKDVWLJKHGVNQDS
IRUDWW¨QGHDSSDUDWHW
 +YLVGHWHUQºGYHQGLJWWU\NNHVS§
O\VNQDSSHQ IRUDWRSO\VH
PDGODYQLQJVRYHUIODGHQ
 +YLVGHWHUQºGYHQGLJWVNLIWHV
KDVWLJKHGHQYHGDWWU\NNHS§GHQ
ºQVNHGHNQDS
6OXNIRUHQKHGHQYHGLJHQDWWU\NNHS§
GHQIºUVWHKDVWLJKHGVNQDS
+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
)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
)XQNWLRQHQQXOVWLOOHVYHGDWWU\NNHS§
NQDSSHQ LVHNXQGHU
6§GDQVO§VIXQNWLRQHQWLOHOOHUIUD
 )XQNWLRQHQDNWLYHUHVYHGDWWU\NNHS§
NQDSSHQ LVHNXQGHU
+YLVIXQNWLRQHQHUDNWLYHUHWEOLQNHU
LQGLNDWRUHQ WRJDQJH
 )XQNWLRQHQGHDNWLYHUHVYHGDWWU\NNH
S§NQDSSHQ LVHNXQGHU
+YLVIXQNWLRQHQHUGHDNWLYHUHWEOLQNHU
LQGLNDWRUHQ «QJDQJ
)MHUQVW\ULQJ
$SSDUDWHWOHYHUHVPHGIMHUQEHWMHQLQJ
)RUELQGHOVHQHURSULQGHOLJWDNWLYHUHW
6§GDQWLOVOXWWHVHOOHUIUDNREOHV
IMHUQEHWMHQLQJHQ
 6OXNDSSDUDWHW
 7U\NS§ LVHNXQGHU
/DPSHQS§NRQWUROSDQHOHWEOLQNHUWR
JDQJHKYLVIXQNWLRQHQHUDNWLYHUHWRJ«Q
JDQJKYLVGHQHUGHDNWLYHUHW
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§QGNO¨GH
5HQJºUSOHWWHUPHGHWPLOGWUHQJºULQJVPLGGHO
ZZZHOHFWUROX[FRP
+ROGHPK¨W഻
WHQUHQ
5HQJºUDSSDUDWHWRJIHGWILOWUHKYHUP§QHG5HQJºULQGHUVLGHQRJ
IHGWILOWUHQHRPK\JJHOLJWIRUIHGW2SKREQLQJDIIHGWHOOHUDQGUHUHಣ
VWHU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LQGಣ
YLUNQLQJ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
5HQJºULQJDIILOWUHW
 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
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
 )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NXOILOWHU
$'9$56(/
.XOILOWHUHWNDQLNNHYDVNHV
6§GDQXGVNLIWHVILOWHUHW
 )MHUQIHGWILOWUHQHIUDDSSDUDWHW
9LKHQYLVHUWLODIVQLWWHWರ5HQJºULQJDI
IHGWILOWHUHWರ
 7U\NIRUNDQWHQL§EQLQJHQPRGGHQ
QHGHUVWHGHODIILOWHUHW9LSIRUVLGHQDI
ILOWHUHWOHWQHGDG
 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
'$16. 
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
ZZZHOHFWUROX[FRP
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 
$QEULQJHPEDOODJHPDWHULDOHWLSDVVHQGH
EHKROGHUHWLOJHQEUXJ+M¨OSPHGDW
EHVN\WWHPLOMºHWRJPHQQHVNHOLJ
VXQGKHGVDPWDWJHQEUXJHDIIDOGDI
HOHNWULVNHRJHOHNWURQLVNHDSSDUDWHU
.DVVHULNNHDSSDUDWHUGHUHUP¨UNHW
PHGV\PEROHW VDPPHQPHG
KXVKROGQLQJVDIIDOGHW/HYHUSURGXNWHW
WLOEDJHWLOGLQORNDOHJHQEUXJVSODGVHOOHU
NRQWDNWGLQNRPPXQH
ZZZHOHFWUROX[FRP
,1+$/769(5=(,&+1,6
6,&+(5+(,7681',167$//$7,216+,1:(,6(
*(57(%(6&+5(,%81* 
7*/,&+(5*(%5$8&+
5(,1,*81*81'3)/(*( 
:,5'(1.(1$16,(
9LHOHQ'DQNI¾U,KUHQ.DXIHLQHV(OHFWUROX[*HU¦WV6LHKDEHQHLQ3URGXNW
JHZ¦KOWGDVMDKU]HKQWHODQJHSURIHVVLRQHOOH(UIDKUXQJXQG,QQRYDWLRQPLWVLFK
EULQJW'DVDXVJHNO¾JHOWHXQGVWLOYROOH3URGXNWZXUGHI¾U6LHHQWZLFNHOW6R
N¸QQHQ6LHMHGHV0DOZHQQ6LHGDV3URGXNWYHUZHQGHQVLFKHUVHLQGDVV6LH
JUR¡DUWLJH(UJHEQLVVHHU]LHOHQZHUGHQ
:LOONRPPHQEHL(OHFWUROX[
%HVXFKHQ6LHXQVDXIXQVHUHU:HEVLWHXP
$QZHQGXQJVKLQZHLVH3URVSHNWH,QIRUPDWLRQHQ]X)HKOHUEHKHEXQJ6HUYLFH
XQG5HSDUDWXU]XHUKDOWHQ
ZZZHOHFWUROX[FRPVXSSRUW
5HJLVWULHUHQ6LH,KU3URGXNWXPHLQHQHUVWNODVVLJHQ6HUYLFH]XHUKDOWHQ
ZZZUHJLVWHUHOHFWUROX[FRP
8P=XEHK¸U9HUEUDXFKVPDWHULDOXQG2ULJLQDO(UVDW]WHLOHI¾U,KU*HU¦W]X
NDXIHQ
ZZZHOHFWUROX[FRPVKRS
.81'(1',(16781'6(59,&(
9HUZHQGHQ6LHLPPHU2ULJLQDO(UVDW]WHLOH
+DOWHQ6LHIROJHQGH$QJDEHQEHUHLWZHQQ6LHVLFKDQHLQHQDXWRULVLHUWHQ
.XQGHQGLHQVWZHQGHQ0RGHOO31&6HULHQQXPPHU
'LH'DWHQILQGHQ6LHDXIGHP7\SHQVFKLOG
:DUQXQJV6LFKHUKHLWVKLQZHLVH
$OOJHPHLQH,QIRUPDWLRQHQXQG(PSIHKOXQJHQ
,QIRUPDWLRQHQ]XP8PZHOWVFKXW]
QGHUXQJHQYRUEHKDOWHQ
6,&+(5+(,7681',167$//$7,216+,1:(,6(
:$5181*
%H]¾JOLFKGHU6LFKHUKHLWV
XQG,QVWDOODWLRQVKLQZHLVH
VLHKHGLHVHSDUDWH
0RQWDJHDQOHLWXQJ/HVHQ
6LHYRUGHU9HUZHQGXQJXQG
:DUWXQJGHV*HU¦WVGDV
.DSLWHOPLWGHQ
6LFKHUKHLWVLQIRUPDWLRQHQ
VRUJI¦OWLJGXUFK
'(876&+ 
*(57(%(6&+5(,%81*
EHUEOLFNದ%HGLHQIHOG
2 3 4 5 6 71
)XQNWLRQ %HVFKUHLEXQJ
+REt+RRG $Q]HLJHGHU)XQNWLRQPLWGHUGLH$E]XJVKDXEH
YRP.RFKIHOGDXVJHVWHXHUWZHUGHQNDQQ
/DPSH (LQXQG$XVVFKDOWHQGHU%HOHXFKWXQJ
(UVWH0RWRUJHVFKZLQಣ
GLJNHLW$XV 'HU0RWRUVFKDOWHWDXIGLHHUVWH*HVFKZLQGLJNHLWVಣ
VWXIH(UQHXWHV'U¾FNHQVFKDOWHWGDV*HU¦WDXV
=ZHLWH*HVFKZLQGLJNHLW 'HU0RWRUVFKDOWHWDXIGLH]ZHLWH*HVFKZLQGLJNHLWVಣ
VWXIH
'ULWWH*HVFKZLQGLJNHLW 'HU0RWRUVFKDOWHWDXIGLHGULWWH*HVFKZLQGLJNHLWVಣ
VWXIH
0D[LPDOH*HVFKZLQGLJಣ
NHLW 'HU0RWRUVFKDOWHWDXIGLHK¸FKVWH*HVFKZLQGLJಣ
NHLWVVWXIH
)LOHUEHQDFKULFKWLJXQJ (ULQQHUW6LHGDUDQGHQ.RKOHILOWHUDXV]XWDXVFKHQ
E]Z]XUHLQLJHQXQGGHQ)HWWILOWHU]XUHLQLJHQ
7*/,&+(5*(%5$8&+
9HUZHQGHQGHU
$E]XJVKDXEH
(QWQHKPHQ6LHGLHHPSIRKOHQH
*HVFKZLQGLJNHLWDXVGHU7DEHOOHXQWHQ
$XIZ¦UPHQYRQ6SHLVHQ.RFKHQLQ7¸SIHQPLW
'HFNHOQ
.RFKHQLQ7¸SIHQPLW'HFNHOQDXIPHKUHUHQ
.RFK]RQHQRGHU%UHQQHUQVDQIWHV%UDWHQ
.RFKHQYRQ:DVVHU%UDWHQYRQJUR¡HQ6SHLVHಣ
PHQJHQRKQH'HFNHO.RFKHQDXIPHKUHUHQ
.RFK]RQHQRGHU%UHQQHUQ
ZZZHOHFWUROX[FRP
 +DOWHQ6LH 6HNXQGHQJHGU¾FNW
'LH$Q]HLJHDXIGHP%HGLHQIHOGEOLQNW
]ZHLPDOZHQQGLH)XQNWLRQ
HLQJHVFKDOWHWXQGHLQPDOZHQQVLH
DXVJHVFKDOWHWLVW
5(,1,*81*81'3)/(*(
+LQZHLVH]XU5HLQLJXQJ
5HLQLJXQJV഻
PLWWHO
.HLQH6FKHXHUPLWWHOXQG%¾UVWHQYHUZHQGHQ
)HXFKWHQ6LHHLQZHLFKHV7XFKPLWZDUPHP:DVVHUXQGHWZDV
PLOGHP5HLQLJXQJVPLWWHODQXQGUHLQLJHQ6LHGDPLWGLH*HU¦WHಣ
REHUIO¦FKH
1DFKGHP.RFKYRUJDQJN¸QQHQHLQLJH7HLOHGHV*HU¦WVKHL¡VHLQ
8P)OHFNHQ]XYHUPHLGHQPXVVGDV*HU¦WQDFKGHPHVDEJHN¾KOW
LVWPLWHLQHPVDXEHUHQ7XFKRGHU3DSLHUW¾FKHUQDEJHWURFNQHW
ZHUGHQ
5HLQLJHQ6LH)OHFNHQPLWHLQHPPLOGHQ5HLQLJXQJVPLWWHO
+DOWHQ6LHGLH
'XQVWDE]XJV഻
KDXEHVDXEHU
5HLQLJHQ6LHGDV*HU¦WXQGGLH)HWWILOWHUHLQPDOLP0RQDW5HLQLಣ
JHQ6LHGHQ,QQHQUDXPXQGGLH)HWWILOWHUVRUJI¦OWLJYRQ)HWW)HWWDQಣ
VDPPOXQJHQRGHUDQGHUH6SHLVHUHVWHN¸QQWHQHLQHQ%UDQGYHUXUಣ
VDFKHQ
%HIROJHQ6LHGLH$QZHLVXQJHQ]XU5HLQLJXQJGHV=XEHK¸UVZHQQ
GLH)LOWHUEHQDFKULFKWLJXQJHLQJHVFKDOWHWLVW6LHKH)LOWHUEHQDFKULFKಣ
WLJXQJLP.DSLWHO7¦JOLFKHU*HEUDXFK
)HWWILOWHUN¸QQHQLP*HVFKLUUVS¾OHUJHVS¾OWZHUGHQ
'D]XPXVVGHU*HVFKLUUVS¾OHUDXIHLQHQNXU]HQ6S¾OJDQJPLWQLHGಣ
ULJHU7HPSHUDWXUHLQJHVWHOOWZHUGHQ$P)HWWILOWHUN¸QQHQ9HUI¦Uಣ
EXQJHQDXIWUHWHQGLHVHEHHLQWU¦FKWLJHQGLH/HLVWXQJGHV*HU¦WVMHಣ
GRFKQLFKW
.RKOHILOWHU
'HU=HLWSXQNWGHU6¦WWLJXQJGHV.RKOHILOWHUVYDULLHUWMHQDFK$UWGHV
.RFKHQVXQGGHUUHJHOP¦¡LJHQ5HLQLJXQJGHV)HWWILOWHUV'HUDNWLಣ
YLHUWH.RKOHILOWHULVWQLFKWZDVFKEDUXQGNDQQQLFKWUHJHQHULHUWZHUಣ
GHQ(UPXVVQDFKHLQHU%HWULHEVGDXHUYRQHWZD0RQDWHQRGHU
¸IWHUEHLHLQHULQWHQVLYHQ9HUZHQGXQJDXVJHWDXVFKWZHUGHQ
5HLQLJHQGHV)HWWILOWHUV
'LH)LOWHUVLQGPLW.ODPPHUQXQG6WLIWHQ
DXIGHUJHJHQ¾EHUOLHJHQGHQ6HLWH
EHIHVWLJW
5HLQLJHQGHV)LOWHUV
 'U¾FNHQ6LHGHQ*ULIIGHU
%HIHVWLJXQJVNODPPHUDQGHU
)LOWHUWDIHOXQWHUKDOEGHU
'XQVWDE]XJVKDXEH
1
2
ZZZHOHFWUROX[FRP
ˎ˃ˏˇ˃˔ˍˊ˃ˋʿ
ˎˉ˅ˏˍ˓ˍˏʺ˃ːʿː˓ʿˉ˃ʺʿːˈʿˇ˃ˁˈʿˑʶːˑʿː˅ː
ˎ˃ˏˇˁˏʿ˓ʹˎˏˍ˗ʻˋˑˍː
ˈʿˆ˅ˊ˃ˏˇˋʹ˔ˏʹː˅ 
˓ˏˍˋˑʺ˂ʿˈʿˇˈʿˆʶˏˇːˊʿ 
ːʿːːˈ˃˓ˑˍˊʿːˑ˃
˃˲˴˞ˮ˦˰˱ˬ˺˩ˢ˭ˬ˲ˢ˭˦˨˚˫˞˱ˢ˩˦˞˰˲˰˧ˢ˲˛(OHFWUROX[˃˭˦˨˚˫˞˱ˢ˚˪˞˭ˮˬ˷˹˪˭ˬ˲
˴˞ˮ˞˧˱ˤˮ˜ˣˢ˱˞˦˞˭˹ˢ˭˞ˠˠˢ˨˩˞˱˦˧˛ˢ˩˭ˢ˦ˮ˜˞˧˞˦˧˞˦˪ˬ˱ˬ˩˜˞ˡˢ˧˞ˢ˱˦˻˪ʸ˫˲˭˪ˬ˧˞˦
˧ˬ˩˵˹˚˴ˢ˦˰˴ˢˡ˦˞˰˱ˢ˜ˠ˦˞ˢ˰˙˯ʸ˱˰˦˹˭ˬ˱ˢ˱ˬ˴ˮˤ˰˦˩ˬ˭ˬ˦ˢ˜˱ˢ˩˭ˬˮˢ˜˱ˢ˪˞ˢ˜˰˱ˢ
˛˰˲˴ˬ˦˹˱˦˥˞ˢ˭˦˱˲ˠ˴˙˪ˢ˱ˢ˰˭ˬ˲ˡ˞˜˞˞˭ˬ˱ˢ˨˚˰˩˞˱˞˧˙˥ˢ˳ˬˮ˙
ˈ˞˨˶˰ˬˮ˜˰˞˱ˢ˰˱ˤ˪(OHFWUROX[
Δξηρθγτζγέςγςνληρςϊςνξϊκίπαηίλί
ˀˮˢ˜˱ˢ˲˭ˬˡˢ˜˫ˢ˦˯˴ˮ˛˰ˤ˯˳˲˨˨˙ˡ˦˞˰˲˩˟ˬ˲˨˚˯ˠ˦˞˱ˤ˪ˢ˭˜˨˲˰ˤ
˭ˮˬ˟˨ˤ˩˙˱˶˪˭˨ˤˮˬ˳ˬˮ˜ˢ˯˰˚ˮ˟˦˯˧˞˦ˢ˭˦˰˧ˢ˲˛˯
ZZZHOHFWUROX[FRPVXSSRUW
ˈ˞˱˞˴˶ˮ˜˰ˢ˱ˢ˱ˬ˭ˮˬ˷˹˪˰˞˯˻˰˱ˢ˪˞˚˴ˢ˱ˢ˧˞˨˺˱ˢˮˬ˰˚ˮ˟˦˯
ZZZUHJLVWHUHOHFWUROX[FRP
ʿˠˬˮ˙˰ˢ˱ˢ˞˫ˢ˰ˬ˲˙ˮ˞˪˞˨˻˰˦˩˞˧˞˦ˠ˪˛˰˦˞˞˪˱˞˨˨˞˧˱˦˧˙ˠ˦˞˱ˤ˰˲˰˧ˢ˲˛˰˞˯
ZZZHOHFWUROX[FRPVKRS
˃ˌ˒ˎ˅ˏ˃ˑ˅ː˅ˎ˃ˉʿˑ˖ˋˈʿˇː˃ˏˀˇː
˔ˮˤ˰˦˩ˬ˭ˬ˦ˢ˜˱ˢ˭˙˪˱˞˩˹˪ˬˠ˪˛˰˦˞˞˪˱˞˨˨˞˧˱˦˧˙
ʻ˱˞˪ˢ˭˦˧ˬ˦˪˶˪ˢ˜˱ˢ˩ˢ˱ˬ˃˫ˬ˲˰˦ˬˡˬ˱ˤ˩˚˪ˬˈ˚˪˱ˮˬː˚ˮ˟˦˯˟ˢ˟˞˦˶˥ˢ˜˱ˢ˹˱˦˚˴ˢ˱ˢ
ˡ˦˞˥˚˰˦˩˞˱˞˞˧˹˨ˬ˲˥˞˰˱ˬ˦˴ˢ˜˞ˊˬ˪˱˚˨ˬ31&ʿˮ˦˥˩˹˯˰ˢ˦ˮ˙˯
ˊ˭ˬˮˢ˜˱ˢ˪˞˟ˮˢ˜˱ˢ˱˦˯˭˨ˤˮˬ˳ˬˮ˜ˢ˯˰˱ˤ˪˭˦˪˞˧˜ˡ˞˱ˢ˴˪˦˧˻˪˴˞ˮ˞˧˱ˤˮ˦˰˱˦˧˻˪
ˎˮˬˢ˦ˡˬ˭ˬ˜ˤ˰ˤˎˮˬ˰ˬ˴˛ˎ˨ˤˮˬ˳ˬˮ˜ˢ˯ˠ˦˞˱ˤ˪˞˰˳˙˨ˢ˦˞
ˁˢ˪˦˧˚˯˭˨ˤˮˬ˳ˬˮ˜ˢ˯˧˞˦˰˲˩˟ˬ˲˨˚˯
ˎ˨ˤˮˬ˳ˬˮ˜ˢ˯˰˴ˢ˱˦˧˙˩ˢ˱ˬ˭ˢˮ˦˟˙˨˨ˬ˪
˒˭˹˧ˢ˦˱˞˦˞ˢ˞˨˨˞ˠ˚˯˴˶ˮ˜˯˭ˮˬˢ˦ˡ˭ˬ˜ˤ˰ˤ
ˎˉ˅ˏˍ˓ˍˏʺ˃ːʿː˓ʿˉ˃ʺʿːˈʿˇ˃ˁˈʿˑʶːˑʿː˅ː
ΟΠΞΔΘΓΞΟΞΘΖΡΖ
ʿ˪˞˱ˮ˚˫˱ˢ˰˱ˬ˫ˢ˴˶ˮ˦˰˱˹
˳˲˨˨˙ˡ˦ˬˍˡˤˠ˦˻˪
˃ˠ˧˞˱˙˰˱˞˰ˤ˯ˠ˦˞˱˦˯
ˎ˨ˤˮˬ˳ˬˮ˜ˢ˯˞˰˳˞˨ˢ˜˞˯˧˞˦
˃ˠ˧˞˱˙˰˱˞˰ˤ˯˂˦˞˟˙˰˱ˢ
˭ˮˬ˰ˢ˧˱˦˧˙˱˞˧ˢ˳˙˨˞˦˞ˠ˦˞
˱ˤ˪ʿ˰˳˙˨ˢ˦˞˭ˮ˦˪˞˭˹
ˬ˭ˬ˦˞ˡ˛˭ˬ˱ˢ˴ˮ˛˰ˤ˛
˰˲˪˱˛ˮˤ˰ˤ˱ˤ˯˰˲˰˧ˢ˲˛˯
ZZZHOHFWUROX[FRP
ˎ˃ˏˇ˃˔ˍˊ˃ˋʿ
ˎˉ˅ˏˍ˓ˍˏʺ˃ːʿː˓ʿˉ˃ʺʿːˈʿˇ˃ˁˈʿˑʶːˑʿː˅ː
ˎ˃ˏˇˁˏʿ˓ʹˎˏˍ˗ʻˋˑˍː
ˈʿˆ˅ˊ˃ˏˇˋʹ˔ˏʹː˅ 
˓ˏˍˋˑʺ˂ʿˈʿˇˈʿˆʶˏˇːˊʿ 
ːʿːːˈ˃˓ˑˍˊʿːˑ˃
˃˲˴˞ˮ˦˰˱ˬ˺˩ˢ˭ˬ˲ˢ˭˦˨˚˫˞˱ˢ˩˦˞˰˲˰˧ˢ˲˛(OHFWUROX[˃˭˦˨˚˫˞˱ˢ˚˪˞˭ˮˬ˷˹˪˭ˬ˲
˴˞ˮ˞˧˱ˤˮ˜ˣˢ˱˞˦˞˭˹ˢ˭˞ˠˠˢ˨˩˞˱˦˧˛ˢ˩˭ˢ˦ˮ˜˞˧˞˦˧˞˦˪ˬ˱ˬ˩˜˞ˡˢ˧˞ˢ˱˦˻˪ʸ˫˲˭˪ˬ˧˞˦
˧ˬ˩˵˹˚˴ˢ˦˰˴ˢˡ˦˞˰˱ˢ˜ˠ˦˞ˢ˰˙˯ʸ˱˰˦˹˭ˬ˱ˢ˱ˬ˴ˮˤ˰˦˩ˬ˭ˬ˦ˢ˜˱ˢ˩˭ˬˮˢ˜˱ˢ˪˞ˢ˜˰˱ˢ
˛˰˲˴ˬ˦˹˱˦˥˞ˢ˭˦˱˲ˠ˴˙˪ˢ˱ˢ˰˭ˬ˲ˡ˞˜˞˞˭ˬ˱ˢ˨˚˰˩˞˱˞˧˙˥ˢ˳ˬˮ˙
ˈ˞˨˶˰ˬˮ˜˰˞˱ˢ˰˱ˤ˪(OHFWUROX[
Δξηρθγτζγέςγςνληρςϊςνξϊκίπαηίλί
ˀˮˢ˜˱ˢ˲˭ˬˡˢ˜˫ˢ˦˯˴ˮ˛˰ˤ˯˳˲˨˨˙ˡ˦˞˰˲˩˟ˬ˲˨˚˯ˠ˦˞˱ˤ˪ˢ˭˜˨˲˰ˤ
˭ˮˬ˟˨ˤ˩˙˱˶˪˭˨ˤˮˬ˳ˬˮ˜ˢ˯˰˚ˮ˟˦˯˧˞˦ˢ˭˦˰˧ˢ˲˛˯
ZZZHOHFWUROX[FRPVXSSRUW
ˈ˞˱˞˴˶ˮ˜˰ˢ˱ˢ˱ˬ˭ˮˬ˷˹˪˰˞˯˻˰˱ˢ˪˞˚˴ˢ˱ˢ˧˞˨˺˱ˢˮˬ˰˚ˮ˟˦˯
ZZZUHJLVWHUHOHFWUROX[FRP
ʿˠˬˮ˙˰ˢ˱ˢ˞˫ˢ˰ˬ˲˙ˮ˞˪˞˨˻˰˦˩˞˧˞˦ˠ˪˛˰˦˞˞˪˱˞˨˨˞˧˱˦˧˙ˠ˦˞˱ˤ˰˲˰˧ˢ˲˛˰˞˯
ZZZHOHFWUROX[FRPVKRS
˃ˌ˒ˎ˅ˏ˃ˑ˅ː˅ˎ˃ˉʿˑ˖ˋˈʿˇː˃ˏˀˇː
˔ˮˤ˰˦˩ˬ˭ˬ˦ˢ˜˱ˢ˭˙˪˱˞˩˹˪ˬˠ˪˛˰˦˞˞˪˱˞˨˨˞˧˱˦˧˙
ʻ˱˞˪ˢ˭˦˧ˬ˦˪˶˪ˢ˜˱ˢ˩ˢ˱ˬ˃˫ˬ˲˰˦ˬˡˬ˱ˤ˩˚˪ˬˈ˚˪˱ˮˬː˚ˮ˟˦˯˟ˢ˟˞˦˶˥ˢ˜˱ˢ˹˱˦˚˴ˢ˱ˢ
ˡ˦˞˥˚˰˦˩˞˱˞˞˧˹˨ˬ˲˥˞˰˱ˬ˦˴ˢ˜˞ˊˬ˪˱˚˨ˬ31&ʿˮ˦˥˩˹˯˰ˢ˦ˮ˙˯
ˊ˭ˬˮˢ˜˱ˢ˪˞˟ˮˢ˜˱ˢ˱˦˯˭˨ˤˮˬ˳ˬˮ˜ˢ˯˰˱ˤ˪˭˦˪˞˧˜ˡ˞˱ˢ˴˪˦˧˻˪˴˞ˮ˞˧˱ˤˮ˦˰˱˦˧˻˪
ˎˮˬˢ˦ˡˬ˭ˬ˜ˤ˰ˤˎˮˬ˰ˬ˴˛ˎ˨ˤˮˬ˳ˬˮ˜ˢ˯ˠ˦˞˱ˤ˪˞˰˳˙˨ˢ˦˞
ˁˢ˪˦˧˚˯˭˨ˤˮˬ˳ˬˮ˜ˢ˯˧˞˦˰˲˩˟ˬ˲˨˚˯
ˎ˨ˤˮˬ˳ˬˮ˜ˢ˯˰˴ˢ˱˦˧˙˩ˢ˱ˬ˭ˢˮ˦˟˙˨˨ˬ˪
˒˭˹˧ˢ˦˱˞˦˞ˢ˞˨˨˞ˠ˚˯˴˶ˮ˜˯˭ˮˬˢ˦ˡ˭ˬ˜ˤ˰ˤ
ˎˉ˅ˏˍ˓ˍˏʺ˃ːʿː˓ʿˉ˃ʺʿːˈʿˇ˃ˁˈʿˑʶːˑʿː˅ː
ΟΠΞΔΘΓΞΟΞΘΖΡΖ
ʿ˪˞˱ˮ˚˫˱ˢ˰˱ˬ˫ˢ˴˶ˮ˦˰˱˹
˳˲˨˨˙ˡ˦ˬˍˡˤˠ˦˻˪
˃ˠ˧˞˱˙˰˱˞˰ˤ˯ˠ˦˞˱˦˯
ˎ˨ˤˮˬ˳ˬˮ˜ˢ˯˞˰˳˞˨ˢ˜˞˯˧˞˦
˃ˠ˧˞˱˙˰˱˞˰ˤ˯˂˦˞˟˙˰˱ˢ
˭ˮˬ˰ˢ˧˱˦˧˙˱˞˧ˢ˳˙˨˞˦˞ˠ˦˞
˱ˤ˪ʿ˰˳˙˨ˢ˦˞˭ˮ˦˪˞˭˹
ˬ˭ˬ˦˞ˡ˛˭ˬ˱ˢ˴ˮ˛˰ˤ˛
˰˲˪˱˛ˮˤ˰ˤ˱ˤ˯˰˲˰˧ˢ˲˛˯
ZZZHOHFWUROX[FRP
ˎ˃ˏˇˁˏʿ˓ʹˎˏˍ˗ʻˋˑˍː
˃˭˦˰˧˹˭ˤ˰ˤ˭˜˪˞˧˞˴ˢ˦ˮ˦˰˱ˤˮ˜˶˪
2 3 4 5 6 71
Κγηςνσοαέί Ογοηαοίτά
+REt+RRG ʸ˪ˡˢ˦˫ˤ˱ˤ˯˨ˢ˦˱ˬ˲ˮˠ˜˞˯ˠ˦˞˱ˬ˪˚˨ˢˠ˴ˬ˱ˬ˲˞˭ˬˮˮˬಣ
˳ˤ˱˛ˮ˞˞˭˹˱˦˯ˢ˰˱˜ˢ˯
ˉ˞˩˭˱˛ˮ˞˯ ˃˪ˢˮˠˬ˭ˬ˦ˢ˜˧˞˦˞˭ˢ˪ˢˮˠˬ˭ˬ˦ˢ˜˱ˬ˪˳˶˱˦˰˩˹
ˎˮ˻˱ˤ˱˞˴˺˱ˤ˱˞ʿ˭ˢಣ
˪ˢˮˠˬ˭ˬ˜ˤ˰ˤ ˍ˧˦˪ˤ˱˛ˮ˞˯˩ˢ˱˞˟˞˜˪ˢ˦˰˱ˬ˭ˮ˻˱ˬˢ˭˜˭ˢˡˬ˱˞˴˺˱ˤಣ
˱˞˯ˑˬˡˢ˺˱ˢˮˬ˭˙˱ˤ˩˞˞˭ˢ˪ˢˮˠˬ˭ˬ˦ˢ˜˱ˤ˰˲˰˧ˢ˲˛
˂ˢ˺˱ˢˮˤ˱˞˴˺˱ˤ˱˞ ˍ˧˦˪ˤ˱˛ˮ˞˯˩ˢ˱˞˟˞˜˪ˢ˦˰˱ˬˡˢ˺˱ˢˮˬˢ˭˜˭ˢˡˬ˱˞˴˺ಣ
˱ˤ˱˞˯
ˑˮ˜˱ˤ˱˞˴˺˱ˤ˱˞ ˍ˧˦˪ˤ˱˛ˮ˞˯˩ˢ˱˞˟˞˜˪ˢ˦˰˱ˬ˱ˮ˜˱ˬˢ˭˜˭ˢˡˬ˱˞˴˺˱ˤಣ
˱˞˯
ˊ˚ˠ˦˰˱ˤ˱˞˴˺˱ˤ˱˞ ˍ˧˦˪ˤ˱˛ˮ˞˯˩ˢ˱˞˟˞˜˪ˢ˦˰˱ˬ˩˚ˠ˦˰˱ˬˢ˭˜˭ˢˡˬ˱˞˴˺˱ˤಣ
˱˞˯
˃˦ˡˬ˭ˬ˜ˤ˰ˤ˳˜˨˱ˮˬ˲ ː˞˯˲˭ˢ˪˥˲˩˜ˣˢ˦˪˞˞˨˨˙˫ˢ˱ˢ˛˪˞˧˞˥˞ˮ˜˰ˢ˱ˢ˱ˬ
˳˜˨˱ˮˬ˙˪˥ˮ˞˧˞˧˞˦˪˞˧˞˥˞ˮ˜˰ˢ˱ˢ˱ˬ˳˜˨˱ˮˬ˨˜˭ˬ˲˯
ˈʿˆ˅ˊ˃ˏˇˋʹ˔ˏʹː˅
˔ˮ˛˰ˤ˱ˬ˲˞˭ˬˮˮˬ˳ˤ˱˛ˮ˞
˃˨˚ˠ˫˱ˢ˱ˤ˰˲˪˦˰˱˻˩ˢ˪ˤ˱˞˴˺˱ˤ˱˞
˰˺˩˳˶˪˞˩ˢ˱ˬ˪˭˞ˮ˞˧˙˱˶˭˜˪˞˧˞
ˈ˞˱˙˱ˬˣ˚˰˱˞˩˞˳˞ˠˤ˱ˬ˺˩ˢ˰˧ˢ˭˞˰˩˚˪˞˰˧ˢ˺ˤ
ˈ˞˱˙˱ˬ˩˞ˠˢ˜ˮˢ˩˞˩ˢ˰˧ˢ˭˞˰˩˚˪˞˰˧ˢ˺ˤ˰ˢ˭ˬ˨ಣ
˨˞˭˨˚˯ˣ˻˪ˢ˯˩˞ˠˢ˦ˮ˚˩˞˱ˬ˯˛˰ˢˢ˰˱˜ˢ˯˧˞˱˙˱ˬ
ˢ˨˞˳ˮ˺˱ˤˠ˙˪˦˰˩˞
ˈ˞˱˙˱ˬ˟ˮ˙˰˦˩ˬ˱ˬ˱ˤˠ˙˪˦˰˩˞˩ˢˠ˙˨˶˪˭ˬ˰ˬ˱˛ಣ
˱˶˪˳˞ˠˤ˱ˬ˺˴˶ˮ˜˯˧˞˭˙˧˦˧˞˦˧˞˱˙˱ˬ˩˞ˠˢ˜ˮˢ˩˞
˰ˢ˭ˬ˨˨˞˭˨˚˯ˣ˻˪ˢ˯˩˞ˠˢ˦ˮ˚˩˞˱ˬ˯˛ˢ˰˱˜ˢ˯
ˈ˞˱˙˱ˬ˟ˮ˙˰˦˩ˬ˱ˬ˱ˤˠ˙˪˦˰˩˞˩ˢˠ˙˨˶˪˭ˬ˰ˬ˱˛ಣ
˱˶˪˳˞ˠˤ˱ˬ˺˴˶ˮ˜˯˧˞˭˙˧˦˧˞˦˩ˢ˭ˬ˨˨˛˲ˠˮ˞˰˜˞
ˍ˞˭ˬˮˮˬ˳ˤ˱˛ˮ˞˯˨ˢ˦˱ˬ˲ˮˠˢ˜˰˱ˤ˩˚ˠ˦˰˱ˤ˱˞˴˺˱ˤಣ
˱˞ʸ˭ˢ˦˱˞˞˭˹˨ˢ˭˱˙ˤ˰˲˰˧ˢ˲˛ˢ˭˦˰˱ˮ˚˳ˢ˦
˰˱ˤ˪˭ˮˬˤˠˬ˺˩ˢ˪ˤˮ˺˥˩˦˰ˤ
ΔΚΚΖΜΘΙΐ 
ː˲˪˦˰˱˙˱˞˦˪˞˞˳˛˪ˢ˱ˢ˱ˬ˪
˞˭ˬˮˮˬ˳ˤ˱˛ˮ˞˪˞˨ˢ˦˱ˬ˲ˮˠˢ˜
ˠ˦˞˭ˢˮ˜˭ˬ˲˨ˢ˭˱˙˩ˢ˱˙
˱ˬ˩˞ˠˢ˜ˮˢ˩˞
ˁ˦˞˪˞˴ˢ˦ˮ˦˰˱ˢ˜˱ˢ˱ˬ˪˞˭ˬˮˮˬ˳ˤ˱˛ˮ˞
 ˎ˦˚˰˱ˢ˱ˬ˭ˮ˻˱ˬ˧ˬ˲˩˭˜˱˞˴˺˱ˤ˱˞˯
ˠ˦˞˪˞ˢ˪ˢˮˠˬ˭ˬ˦˛˰ˢ˱ˢ˱ˤ
˰˲˰˧ˢ˲˛
 ʿ˪˴ˮˢ˦˞˰˱ˢ˜˭˦˚˰˱ˢ˱ˬ˧ˬ˲˩˭˜
˳˶˱˦˰˩ˬ˺ ˠ˦˞˪˞˳˶˱˜˰ˢ˱ˢ˱ˤ˪
ˢ˭˦˳˙˪ˢ˦˞˩˞ˠˢ˦ˮ˚˩˞˱ˬ˯
 ʿ˪˴ˮˢ˦˞˰˱ˢ˜˞˨˨˙˫˱ˢ˱ˤ˪˱˞˴˺˱ˤ˱˞
˭˦˚ˣˬ˪˱˞˯˱ˬˢ˭˦˥˲˩ˤ˱˹˧ˬ˲˩˭˜
ˁ˦˞˪˞˞˭ˢ˪ˢˮˠˬ˭ˬ˦˛˰ˢ˱ˢ˱ˤ˰˲˰˧ˢ˲˛
˭˦˚˰˱ˢ˭˙˨˦˱ˬ˭ˮ˻˱ˬ˧ˬ˲˩˭˜˱˞˴˺˱ˤ˱˞˯
+REt+RRG˨ˢ˦˱ˬ˲ˮˠ˜˞
˃˜˪˞˦˩˦˞˞˲˱˹˩˞˱ˤ˨ˢ˦˱ˬ˲ˮˠ˜˞ˤˬ˭ˬ˜˞
˰˲˪ˡ˚ˢ˦˱˦˯ˢ˰˱˜ˢ˯˩ˢ˚˪˞˪
˞˭ˬˮˮˬ˳ˤ˱˛ˮ˞ˑ˹˰ˬˬ˦ˢ˰˱˜ˢ˯˹˰ˬ˧˞˦ˬ
˞˭ˬˮˮˬ˳ˤ˱˛ˮ˞˯ˡ˦˞˥˚˱ˬ˲˪˭ˬ˩˭ˬˡ˚˧˱ˤ
˲˭˚ˮ˲˥ˮˬ˲˰˛˩˞˱ˬ˯˅˱˞˴˺˱ˤ˱˞˱ˬ˲
˞˪ˢ˩˦˰˱˛ˮ˞˧˞˥ˬˮ˜ˣˢ˱˞˦˞˲˱˹˩˞˱˞˩ˢ
˟˙˰ˤ˱ˤˮ˺˥˩˦˰ˤ˱ˤ˯˨ˢ˦˱ˬ˲ˮˠ˜˞˯˧˞˦˱ˤ
˥ˢˮ˩ˬ˧ˮ˞˰˜˞˱ˬ˲˥ˢˮ˩˹˱ˢˮˬ˲˩˞ˠˢ˦ˮ˦˧ˬ˺
˰˧ˢ˺ˬ˲˯˰˱˦˯ˢ˰˱˜ˢ˯ˊ˭ˬˮˢ˜˱ˢˢ˭˜˰ˤ˯˪˞
˴ˢ˦ˮ˦˰˱ˢ˜˱ˢ˱ˬ˪˞˪ˢ˩˦˰˱˛ˮ˞˴ˢ˦ˮˬ˧˜˪ˤ˱˞˩ˢ
˱ˤ˴ˮ˛˰ˤ˱˶˪ˢ˰˱˦˻˪˅˨ˢ˦˱ˬ˲ˮˠ˜˞
˩˭ˬˮˢ˜˪˞ˢ˪ˢˮˠˬ˭ˬ˦ˤ˥ˢ˜˞˭˹˱ˬ
˴ˢ˦ˮ˦˰˱˛ˮ˦ˬ˱˶˪ˢ˰˱˦˻˪
ˁ˦˞˭ˢˮ˦˰˰˹˱ˢˮˢ˯
˭˨ˤˮˬ˳ˬˮ˜ˢ˯˰˴ˢ˱˦˧˙˩ˢ˱ˤ
˴ˮ˛˰ˤ˱ˤ˯˨ˢ˦˱ˬ˲ˮˠ˜˞˯
˞˪˞˱ˮ˚˫˱ˢ˰˱ˬˢˠ˴ˢ˦ˮ˜ˡ˦ˬ
˴ˮ˛˰˱ˤ˱ˤ˯˩ˬ˪˙ˡ˞˯ˢ˰˱˦˻˪
˃˦ˡˬ˭ˬ˜ˤ˰ˤ˳˜˨˱ˮˬ˲
ˍ˰˲˪˞ˠˢˮ˩˹˯˳˜˨˱ˮˬ˲˰˙˯˲˭ˢ˪˥˲˩˜ˣˢ˦
˪˞˞˨˨˙˫ˢ˱ˢ˛˪˞˧˞˥˞ˮ˜˰ˢ˱ˢ˱ˬ˳˜˨˱ˮˬ
˙˪˥ˮ˞˧˞˧˞˦˪˞˧˞˥˞ˮ˜˰ˢ˱ˢ˱ˬ˳˜˨˱ˮˬ
˨˜˭ˬ˲˯˅˚˪ˡˢ˦˫ˤ˳˜˨˱ˮˬ˲ ˞˪˙˟ˢ˦ˠ˦˞
ˡˢ˲˱ˢˮ˹˨ˢ˭˱˞˹˱˞˪˭ˮ˚˭ˢ˦˪˞
˧˞˥˞ˮ˦˰˱ˢ˜˱ˬ˳˜˨˱ˮˬ˨˜˭ˬ˲˯˅˚˪ˡˢ˦˫ˤ
˳˜˨˱ˮˬ˲ ˞˪˞˟ˬ˰˟˛˪ˢ˦ˠ˦˞
ˡˢ˲˱ˢˮ˹˨ˢ˭˱˞˹˱˞˪˭ˮ˚˭ˢ˦˪˞
˞˪˱˦˧˞˱˞˰˱˞˥ˢ˜˛˪˞˧˞˥˞ˮ˦˰˱ˢ˜˱ˬ˳˜˨˱ˮˬ
˙˪˥ˮ˞˧˞
ʿ˪˞˱ˮ˚˫˱ˢ˰˱ˤ˪˭˞ˮ˙ˠˮ˞˳ˬ
˧˞˥˞ˮ˦˰˩ˬ˺˱ˬ˲˳˜˨˱ˮˬ˲
˨˜˭ˬ˲˯˰˱ˬ˧ˢ˳˙˨˞˦ˬ
m˓ˮˬ˪˱˜ˡ˞˧˞˦˧˞˥˙ˮ˦˰˩˞}
ʿ˪˞˱ˮ˚˫˱ˢ˰˱ˤ˪ˢ˪˹˱ˤ˱˞
˧˞˥˞ˮ˦˰˩ˬ˺˱ˬ˲˳˜˨˱ˮˬ˲
˙˪˥ˮ˞˧˞˛˞˪˱˦˧˞˱˙˰˱˞˰ˤ
˱ˬ˲˳˜˨˱ˮˬ˲˙˪˥ˮ˞˧˞˰˱ˬ
˧ˢ˳˙˨˞˦ˬm˓ˮˬ˪˱˜ˡ˞˧˞˦
˧˞˥˙ˮ˦˰˩˞}
ˁ˦˞ˢ˭˞˪˞˳ˬˮ˙˱ˤ˯˨ˢ˦˱ˬ˲ˮˠ˜˞˯˭˦˚˰˱ˢ˱ˬ
˧ˬ˲˩˭˜ ˠ˦˞ˡˢ˲˱ˢˮ˹˨ˢ˭˱˞
Βηίςελγλγοανξνέερεά
ίξγλγοανξνέερεςεπιγηςνσοαέίπ
 ˁ˦˞˱ˤ˪ˢ˪ˢˮˠˬ˭ˬ˜ˤ˰ˤ˱ˤ˯
˨ˢ˦˱ˬ˲ˮˠ˜˞˯˭˦˚˰˱ˢ˱ˬ˧ˬ˲˩˭˜ ˠ˦˞
ˡˢ˲˱ˢˮ˹˨ˢ˭˱˞
˃˙˪ˢ˪ˢˮˠˬ˭ˬ˦ˤ˥ˢ˜ˤ˨ˢ˦˱ˬ˲ˮˠ˜˞ˤ
˚˪ˡˢ˦˫ˤ ˞˪˞˟ˬ˰˟˛˪ˢ˦ˡ˺ˬ˳ˬˮ˚˯
 ˁ˦˞˱ˤ˪˞˭ˢ˪ˢˮˠˬ˭ˬ˜ˤ˰ˤ˱ˤ˯
˨ˢ˦˱ˬ˲ˮˠ˜˞˯˭˦˚˰˱ˢ˱ˬ˧ˬ˲˩˭˜ ˠ˦˞
ˡˢ˲˱ˢˮ˹˨ˢ˭˱˞
˃˙˪˞˭ˢ˪ˢˮˠˬ˭ˬ˦ˤ˥ˢ˜ˤ˨ˢ˦˱ˬ˲ˮˠ˜˞ˤ
˚˪ˡˢ˦˫ˤ ˞˪˞˟ˬ˰˟˛˪ˢ˦˩˜˞˳ˬˮ˙
ˑˤ˨ˢ˴ˢ˦ˮ˦˰˱˛ˮ˦ˬ
˅˰˲˰˧ˢ˲˛˭˞ˮ˚˴ˢ˱˞˦˩ˢ˚˪˞
˱ˤ˨ˢ˴ˢ˦ˮ˦˰˱˛ˮ˦ˬ
˅˰˺˪ˡˢ˰ˤˢ˜˪˞˦ˢ˪ˢˮˠˬ˭ˬ˦ˤ˩˚˪ˤ˞˭˹
˭ˮˬˢ˭˦˨ˬˠ˛
Βηίςερϋλβγρεάςελίξνρϋλβγρε
ςνσςειγυγηοηρςεοένσ
 ʿ˭ˢ˪ˢˮˠˬ˭ˬ˦˛˰˱ˢ˱ˤ˰˲˰˧ˢ˲˛
 ˎ˞˱˛˰˱ˢ˱ˬ ˠ˦˞ˡˢ˲˱ˢˮ˹˨ˢ˭˱˞
˅˚˪ˡˢ˦˫ˤ˰˱ˬ˴ˢ˦ˮ˦˰˱˛ˮ˦ˬ˞˪˞˟ˬ˰˟˛˪ˢ˦
ˡ˺ˬ˳ˬˮ˚˯˞˪ˤ˨ˢ˦˱ˬ˲ˮˠ˜˞ˢ˜˪˞˦
ˢ˪ˢˮˠˬ˭ˬ˦ˤ˩˚˪ˤ˧˞˦˩˜˞˳ˬˮ˙˞˪ˢ˜˪˞˦
˞˭ˢ˪ˢˮˠˬ˭ˬ˦ˤ˩˚˪ˤ
ZZZHOHFWUROX[FRP
 ˈ˞˥˞ˮ˜˰˱ˢ˱˞˳˜˨˱ˮ˞
˴ˮˤ˰˦˩ˬ˭ˬ˦˻˪˱˞˯˚˪˞˰˳ˬ˲ˠˠ˙ˮ˦˩ˢ
˩ˤ˨ˢ˦˞˪˱˦˧˙˞˭ˬˮˮ˲˭˞˪˱˦˧˙˛˰˱ˬ
˭˨˲˪˱˛ˮ˦ˬ˭˦˙˱˶˪
ˑˬ˭˨˲˪˱˛ˮ˦ˬ˭˦˙˱˶˪˭ˮ˚˭ˢ˦
˪˞ˮ˲˥˩˦˰˱ˢ˜˰ˢ˴˞˩ˤ˨˛
˥ˢˮ˩ˬ˧ˮ˞˰˜˞˧˞˦˰ˢ˰˺˪˱ˬ˩ˬ
˧˺˧˨ˬˑˬ˳˜˨˱ˮˬ˨˜˭ˬ˲˯
˩˭ˬˮˢ˜˪˞˞˭ˬ˴ˮ˶˩˞˱˦˰˱ˢ˜
˞˲˱˹ˡˢ˪ˢ˭ˤˮˢ˙ˣˢ˦˱ˤ˪
˞˭˹ˡˬ˰ˤ˱ˤ˯˰˲˰˧ˢ˲˛˯
 ˁ˦˞˪˞˱ˬ˭ˬ˥ˢ˱˛˰ˢ˱ˢ˫˞˪˙˱˞˳˜˨˱ˮ˞
˞˧ˬ˨ˬ˲˥˛˰˱ˢ˱˞ˡ˺ˬ˭ˮ˻˱˞˟˛˩˞˱˞
˩ˢ˱ˤ˪˞˪˱˜˰˱ˮˬ˳ˤ˰ˢ˦ˮ˙
˃˭˞˪˞˨˙˟ˢ˱ˢ˱˞˟˛˩˞˱˞ˠ˦˞˹˨˞˱˞
˳˜˨˱ˮ˞˹˭ˬ˲ˢ˜˪˞˦˞˭˞ˮ˞˜˱ˤ˱ˬ
ʿ˪˱˦˧˞˱˙˰˱˞˰ˤ˱ˬ˲˳˜˨˱ˮˬ˲
˙˪˥ˮ˞˧˞
ΟΠΞΔΘΓΞΟΞΘΖΡΖ
ˑˬ˳˜˨˱ˮˬ˙˪˥ˮ˞˧˞ˢ˜˪˞˦˩ˤ
˭˨ˢ˪˹˩ˢ˪ˬ
ˁ˦˞˪˞˞˪˱˦˧˞˱˞˰˱˛˰ˢ˱ˢ˱ˬ˳˜˨˱ˮˬ
 ʿ˳˞˦ˮ˚˰˱ˢ˱˞˳˜˨˱ˮ˞˨˜˭ˬ˲˯˞˭˹˱ˤ
˰˲˰˧ˢ˲˛
ʿ˪˞˱ˮ˚˫˱ˢ˰˱ˤ˪ˢ˪˹˱ˤ˱˞mˈ˞˥˞ˮ˦˰˩˹˯
˱ˬ˲˳˜˨˱ˮˬ˲˨˜˭ˬ˲˯}˰ˢ˞˲˱˹˱ˬ
˧ˢ˳˙˨˞˦ˬ
 ˎ˦˚˰˱ˢ˱ˤ˪˩˭ˮˬ˰˱˦˪˛˙˧ˮˤ˰˱ˤ˪
ˢ˰ˬ˴˛˭ˮˬ˯˱ˬ˧˙˱˶˩˚ˮˬ˯˱ˬ˲
˳˜˨˱ˮˬ˲ˁˢ˜ˮˢ˱ˢˢ˨˞˳ˮ˻˯˱ˬ
˩˭ˮˬ˰˱˦˪˹˩˚ˮˬ˯˱ˬ˲˳˜˨˱ˮˬ˲˭ˮˬ˯
˱˞˧˙˱˶
 ˁ˦˞˪˞ˢˠ˧˞˱˞˰˱˛˰ˢ˱ˢ˱ˬ˧˞˦˪ˬ˺ˮ˦ˬ
˳˜˨˱ˮˬˢ˧˱ˢ˨˚˰˱ˢ˱˞˜ˡ˦˞˟˛˩˞˱˞˩ˢ
˱ˤ˪˞˪˱˜˰˱ˮˬ˳ˤ˰ˢ˦ˮ˙
ːˢ˧˙˥ˢ˭ˢˮ˜˭˱˶˰ˤˢ˜˪˞˦˞˭˞ˮ˞˜˱ˤ˱ˬ˪˞
˞˪˱˦˧˞˥˦˰˱˙˱ˢ˱˞˳˜˨˱ˮ˞˱ˬ˲˨˙˴˦˰˱ˬ˪˧˙˥ˢ
˱˚˰˰ˢˮˢ˦˯˩˛˪ˢ˯
ʿ˪˱˦˧˞˱˙˰˱˞˰ˤ˱ˬ˲
˨˞˩˭˱˛ˮ˞
˅˰˲˰˧ˢ˲˛˭˞ˮ˚˴ˢ˱˞˦˩ˢ˨˞˩˭˱˛ˮ˞/('
ʿ˲˱˹˱ˬˢ˫˙ˮ˱ˤ˩˞˩˭ˬˮˢ˜˪˞
˞˪˱˦˧˞˱˞˰˱˞˥ˢ˜˩˹˪ˬ˞˭˹˱ˢ˴˪˦˧˹ːˢ
˭ˢˮ˜˭˱˶˰ˤˬ˭ˬ˦˞˰ˡ˛˭ˬ˱ˢ˟˨˙˟ˤ˯
˞˪˞˱ˮ˚˫˱ˢ˰˱ˤ˪ˢ˪˹˱ˤ˱˞mː˚ˮ˟˦˯}˰˱ˬ
˧ˢ˳˙˨˞˦ˬmˍˡˤˠ˜ˢ˯ˠ˦˞˱ˤ˪˞˰˳˙˨ˢ˦˞}
ˎ˃ˏˇˀʿˉˉˍˋˑˇˈʿˆ˃ˊʿˑʿ
ʿ˪˞˧˲˧˨˻˰˱ˢ˱˞˲˨˦˧˙˭ˬ˲˳˚ˮˬ˲˪˱ˬ
˰˺˩˟ˬ˨ˬ ˑˬ˭ˬ˥ˢ˱˛˰˱ˢ˱˞˲˨˦˧˙
˰˲˰˧ˢ˲˞˰˜˞˯˰ˢ˧˞˱˙˨˨ˤ˨˞ˡˬ˴ˢ˜˞ˠ˦˞
˞˪˞˧˺˧˨˶˰ˤː˲˩˟˙˨ˢ˱ˢ˰˱ˤ˪˭ˮˬ˰˱˞˰˜˞
˱ˬ˲˭ˢˮ˦˟˙˨˨ˬ˪˱ˬ˯˧˞˦˱ˤ˯˞˪˥ˮ˻˭˦˪ˤ˯
˲ˠˢ˜˞˯˞˪˞˧˲˧˨˻˪ˬ˪˱˞˯˱˦˯˙˴ˮˤ˰˱ˢ˯
ˤ˨ˢ˧˱ˮ˦˧˚˯˧˞˦ˤ˨ˢ˧˱ˮˬ˪˦˧˚˯˰˲˰˧ˢ˲˚˯
ˊˤ˪˞˭ˬˮˮ˜˭˱ˢ˱ˢ˩ˢ˱˞ˬ˦˧˦˞˧˙
˞˭ˬˮˮ˜˩˩˞˱˞˰˲˰˧ˢ˲˚˯˭ˬ˲˳˚ˮˬ˲˪˱ˬ
˰˺˩˟ˬ˨ˬ ˃˭˦˰˱ˮ˚˵˱ˢ˱ˬ˭ˮˬ˷˹˪˰˱ˤ˪
˱ˬ˭˦˧˛˰˞˯˩ˬ˪˙ˡ˞˞˪˞˧˺˧˨˶˰ˤ˯˛
ˢ˭˦˧ˬ˦˪˶˪˛˰˱ˢ˩ˢ˱ˤˡˤ˩ˬ˱˦˧˛˞ˮ˴˛
ZZZHOHFWUROX[FRP
352'8&7'(6&5,37,21
&RQWUROSDQHORYHUYLHZ
2 3 4 5 6 71
)XQFWLRQ 'HVFULSWLRQ
+REt+RRG ,QGLFDWRURIWKHIXQFWLRQWRFRQWUROKRRGIURPKRE
/DPS 7XUQVWKHOLJKWVRQDQGRII
)LUVWVSHHG2II 7KHPRWRUVZLWFKHVWRILUVWVSHHGOHYHO6HFRQG
SUHVVWXUQVRIIWKHDSSOLDQFH
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
)LOWHUQRWLILFDWLRQ 5HPLQGVWRFKDQJHRUFOHDQWKHFKDUFRDOILOWHUDQG
FOHDQWKHJUHDVHILOWHU
'$,/<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FRRNಣ
LQJ]RQHVRUEXUQHUVJHQWOHIU\LQJ
:KLOHERLOLQJIU\LQJELJTXDQWLWLHVRIIRRGZLWKRXW
DOLGFRRNLQJRQPXOWLSOHFRRNLQJ]RQHVRUEXUQಣ
HUV
:KLOHERLOLQJIU\LQJELJTXDQWLWLHVRIIRRGZLWKRXW
DOLGELJKXPLGLW\7KHKRRGRSHUDWHVRQPD[Lಣ
PXPVSHHG$IWHUPLQXWHVWKHDSSOLDQFHUHWXUQV
WRSUHYLRXVVHWWLQJ
,WLVUHFRPPHQGHGWROHDYH
WKHKRRGRSHUDWLQJIRU
DSSUR[LPDWHO\PLQXWHV
DIWHUFRRNLQJ
7RRSHUDWHWKHKRRG
 3UHVVWKHILUVWVSHHGEXWWRQ WR
VZLWFKRQWKHDSSOLDQFH
ZZZHOHFWUROX[FRP
&217(1,'2
,1',&$&,21(6'(6(*85,'$'(,167$/$&,1
'(6&5,3&,1'(/352'8&72 
862',$5,2
0$17(1,0,(172</,03,(=$
3(16$026(1867('
*UDFLDVSRUDGTXLULUXQHOHFWURGRP«VWLFR(OHFWUROX[+DHOHJLGRXQSURGXFWRTXH
OOHYDG«FDGDVGHH[SHULHQFLDHLQQRYDFLµQSURIHVLRQDOHV,QJHQLRVR\HOHJDQWH
KDVLGRGLVH³DGRSHQVDQGRHQXVWHG$V¯SXHVFDGDYH]TXHORXWLOLFHSXHGH
WHQHUODVHJXULGDGGHTXHREWHQGU£VLHPSUHH[FHOHQWHVUHVXOWDGRV
/HGDPRVODELHQYHQLGDD(OHFWUROX[
9LVLWHQXHVWURVLWLRZHESDUD
2EWHQHUFRQVHMRVIROOHWRVVROXFLRQHVDSUREOHPDVHLQIRUPDFLµQGHVHUYLFLR\
UHSDUDFLµQ
ZZZHOHFWUROX[FRPVXSSRUW
5HJLVWUDUVXSURGXFWRSDUDUHFLELUXQPHMRUVHUYLFLR
ZZZUHJLVWHUHOHFWUROX[FRP
&RPSUDUDFFHVRULRVDUW¯FXORVGHFRQVXPR\SLH]DVGHUHFDPELRRULJLQDOHV
SDUDVXDSDUDWR
ZZZHOHFWUROX[FRPVKRS
$7(1&,1$/&/,(17(<6(59,&,2
/HUHFRPHQGDPRVTXHXWLOLFHUHFDPELRVRULJLQDOHV
&XDQGRVHSRQJDHQFRQWDFWRFRQQXHVWUR&HQWURGHVHUYLFLRW«FQLFRDVHJ¼UHVH
GHWHQHUORVVLJXLHQWHVGDWRVGLVSRQLEOHV0RGHORFµGLJRQXP«ULFRGHOSURGXFWR
31&Q¼PHURGHVHULH
/DLQIRUPDFLµQVHHQFXHQWUDHQODSODFDGHFDUDFWHU¯VWLFDV
$GYHUWHQFLD3UHFDXFLµQ,QIRUPDFLµQVREUHVHJXULGDG
,QIRUPDFLµQJHQHUDO\FRQVHMRV
,QIRUPDFLµQUHODWLYDDOPHGLRDPELHQWH
6DOYRPRGLILFDFLRQHV
,1',&$&,21(6'(6(*85,'$'(,167$/$&,1
$'9(57(1&,$
&RQVXOWHHOIROOHWRGH
LQVWUXFFLRQHVGHLQVWDODFLµQ
VHSDUDGRSDUDREWHQHU
LQIRUPDFLµQVREUHOD
VHJXULGDG\ODLQVWDODFLµQ
/HDDWHQWDPHQWHORV
FDS¯WXORVGH6HJXULGDG
DQWHVGHFXDOTXLHUXVRR
PDQWHQLPLHQWRGHODSDUDWR
ZZZHOHFWUROX[FRP
'(6&5,3&,1'(/352'8&72
9LVWDJHQHUDOGHOSDQHOGHPDQGRV
2 3 4 5 6 71
)XQFLµQ 'HVFULSFLµQ
+REt+RRG ,QGLFDGRUGHODIXQFLµQGHFRQWUROGHODFDPSDQDGH
ODSODFD
%RPELOOD (QFLHQGH\DSDJDODVOXFHV
3ULPHUDYHORFLGDG
$SDJDGR (OPRWRUFDPELDDOSULPHUQLYHOGHYHORFLGDG8QD
VHJXQGDSXOVDFLµQDSDJDHODSDUDWR
6HJXQGDYHORFLGDG (OPRWRUFDPELDDOVHJXQGRQLYHOGHYHORFLGDG
7HUFHUDYHORFLGDG (OPRWRUFDPELDDOWHUFHUQLYHOGHYHORFLGDG
9HORFLGDGP£[LPD (OPRWRUFDPELDDOQLYHOGHYHORFLGDGP£[LPD
1RWLILFDFLµQGHOILOWUR 5HFXHUGDFDPELDUROLPSLDUHOILOWURGHFDUEµQ\OLPಣ
SLDUHOILOWURGHJUDVD
862',$5,2
8VRGHODFDPSDQD
&RPSUXHEHODYHORFLGDGUHFRPHQGDGD
VHJ¼QODWDEODVLJXLHQWH
0LHQWUDVFDOLHQWDODFRPLGDFRFLQHFRQODVROODV
FXELHUWDV
0LHQWUDVFRFLQDFRQODVROODVWDSDGDVHQP¼OWLSOHV
]RQDVGHFRFFLµQRTXHPDGRUHVIUH¯UVXDYHPHQಣ
WH
$OKHUYLUIUH¯UJUDQGHVFDQWLGDGHVGHFRPLGDVLQ
WDSDFRFLQDUHQP¼OWLSOHV]RQDVGHFRFFLµQR
TXHPDGRUHV
$OKHUYLUIUH¯UJUDQGHVFDQWLGDGHVGHFRPLGDVLQ
WDSDJUDQKXPHGDG/DFDPSDQDIXQFLRQDDP£ಣ
[LPDYHORFLGDG'HVSX«VGHPLQXWRVHODSDUDWR
YXHOYHDODMXVWHDQWHULRU
(63$2/ 
6HUHFRPLHQGDGHMDUOD
FDPSDQDHQIXQFLRQDPLHQWR
GXUDQWHDSUR[LPDGDPHQWH
PLQXWRVGHVSX«VGHOD
FRFFLµQ
3DUDXWLOL]DUODFDPSDQD
 3XOVHHOSULPHUERWµQGHYHORFLGDG
SDUDHQFHQGHUHODSDUDWR
 6LHVQHFHVDULRSXOVHHOERWµQGHOX]
SDUDLOXPLQDUODVXSHUILFLHGH
FRFFLµQ
 6LHVQHFHVDULRFDPELHODYHORFLGDG
SXOVDQGRHOERWµQGHVHDGR
3DUDDSDJDUHODSDUDWRSXOVHGHQXHYR
HOSULPHUERWµQGHYHORFLGDG
+REt+RRG)81&,1
(VXQDIXQFLµQDXWRP£WLFDTXHFRQHFWD
ODSODFDGHFRFFLµQFRQXQDFDPSDQD
/DSODFDGHFRFFLµQ\ODFDPSDQDWLHQHQ
XQFRPXQLFDGRUGHVH³DOHVLQIUDUURMDV
/DYHORFLGDGGHOYHQWLODGRUVHGHILQH
DXWRP£WLFDPHQWHVHJ¼QHODMXVWHGH
PRGR\WHPSHUDWXUDGHOXWHQVLOLRGH
FRFLQDP£VFDOLHQWHHQODSODFDGH
FRFFLµQ7DPEL«QSXHGHRSHUDU
PDQXDOPHQWHHOYHQWLODGRUGHVGHOD
SODFDGHFRFFLµQ/DIXQFLµQVHSXHGH
DFWLYDUGHVGHHOSDQHOGHODSODFDGH
FRFFLµQ
3DUDP£VLQIRUPDFLµQVREUH
FµPRXWLOL]DUHVWDIXQFLµQ
FRQVXOWHHOPDQXDOGHO
XVXDULRGHODSODFDGH
FRFFLµQ
1RWLILFDFLµQGHOILOWUR
/DDODUPDGHOILOWURUHFXHUGDFDPELDUR
OLPSLDUHOILOWURGHFDUEµQ\OLPSLDUHOILOWUR
GHJUDVD(OLQGLFDGRUGHOILOWUR VH
HQFLHQGHGXUDQWHVHJXQGRVVLVH
GHEHOLPSLDUHOILOWURGHJUDVD(O
LQGLFDGRUGHILOWUR SDUSDGHDGXUDQWH
VHJXQGRVVLHVQHFHVDULRUHHPSOD]DU
ROLPSLDUHOILOWURGHFDUEµQ
&RQVXOWHODOLPSLH]DGHOILOWUR
GHJUDVDHQHOFDS¯WXORGH
PDQWHQLPLHQWR\OLPSLH]D
&RQVXOWHODOLPSLH]DGHOILOWUR
GHFDUEµQRDODVXVWLWXFLµQ
GHOILOWURGHFDUEµQHQHO
FDS¯WXOR0DQWHQLPLHQWR\
OLPSLH]D
3DUDUHVHWHDUODIXQFLµQPDQWHQJD
SXOVDGRHOERWµQ GXUDQWH
VHJXQGRV
3DUDDFWLYDURGHVDFWLYDUODIXQFLµQ
 3DUDDFWLYDUODIXQFLµQPDQWHQJD
SXOVDGRHOERWµQ GXUDQWH
VHJXQGRV
6LODIXQFLµQHVW£DFWLYDGDHOLQGLFDGRU
SDUSDGHDGRVYHFHV
 3DUDGHVDFWLYDUODIXQFLµQPDQWHQJD
SXOVDGRHOERWµQ GXUDQWH
VHJXQGRV
6LODIXQFLµQHVW£GHVDFWLYDGDHO
LQGLFDGRU SDUSDGHDXQDYH]
0DQGRDGLVWDQFLD
(ODSDUDWRVHVXPLQLVWUDFRQXQPDQGRD
GLVWDQFLD
/DFRQH[LµQHVW£DFWLYDGDRULJLQDOPHQWH
3DUDFRQHFWDURGHVFRQHFWDUHOPDQGR
DGLVWDQFLD
 $SDJDUHODSDUDWR
 3XOVH GXUDQWHVHJXQGRV
(OLQGLFDGRUGHOSDQHOGHFRQWURO
SDUSDGHDGRVYHFHVVLODIXQFLµQHVW£
DFWLYDGD\XQDYH]VLHVW£GHVDFWLYDGD
ZZZHOHFWUROX[FRP
&DPELRGHOILOWURGHFDUEµQ
$'9(57(1&,$
(OILOWURGHFDUEµQ12HV
ODYDEOH
3DUDUHHPSOD]DUHOILOWUR
 5HWLUHORVILOWURVGHJUDVDGHODSDUDWR
9«DVH/LPSLH]DGHOILOWURGHJUDVDHQ
HVWHFDS¯WXOR
 3UHVLRQHHOERUGHIURQWDOHQODUDQXUD
KDFLDODSDUWHLQIHULRUGHOILOWUR,QFOLQH
OLJHUDPHQWHODSDUWHGHODQWHUDGHO
ILOWURKDFLDDEDMR
 3DUDLQVWDODUHOILOWURUHDOLFHORV
SDVRVHQRUGHQLQYHUVR
(QFXDOTXLHUFDVRHVQHFHVDULRVXVWLWXLU
ORVILOWURVDOPHQRVFDGDFXDWURPHVHV
&DPELRGHODERPELOOD
(VWHDSDUDWRVHVXPLQLVWUDFRQXQD
O£PSDUD/('/DVXVWLWXFLµQGHHVWD
SLH]DGHEHKDFHUODXQW«FQLFR(QFDVR
GHDYHU¯DFRQVXOWHHODSDUWDGR
$VLVWHQFLDHQHOFDS¯WXORGH
,QVWUXFFLRQHVGHVHJXULGDG
$63(&7260(',2$0%,(17$/(6
5HFLFOHORVPDWHULDOHVFRQHOV¯PEROR 
&RORTXHHOPDWHULDOGHHPEDODMHHQORV
FRQWHQHGRUHVDGHFXDGRVSDUDVX
UHFLFODMH$\XGHDSURWHJHUHOPHGLR
DPELHQWH\ODVDOXGS¼EOLFDDV¯FRPRD
UHFLFODUUHVLGXRVGHDSDUDWRVHO«FWULFRV\
HOHFWUµQLFRV1RGHVHFKHORVDSDUDWRV
PDUFDGRVFRQHOV¯PEROR MXQWRFRQORV
UHVLGXRVGRP«VWLFRV/OHYHHOSURGXFWRD
VXFHQWURGHUHFLFODMHORFDORSµQJDVHHQ
FRQWDFWRFRQVXRILFLQDPXQLFLSDO
ZZZHOHFWUROX[FRP

Produktspecifikationer

Varumärke: Electrolux
Kategori: Fläktkåpa
Modell: DBGL7731CN
Enhetsplacering: Vrijstaand
Typ av operation: Knoppen
Färg på produkten: Wit
Dörrgångjärn: Rechts
Inbyggd display: Ja
Bredd: 553 mm
Djup: 624 mm
Höjd: 851 mm
Nettoskatt: - W
Ljudnivå: 38 dB
Årlig-energiförbrukning: 199 kWu
Energieffektivitetsklass (gammal): A+
Frys bruttokapacitet: 101 l
Frys nettokapacitet: 98 l
Fryskapacitet: 11 kg/24u
Belysning inuti: Nee
Husmaterial: Staal
Dörröppningsriktning utbytbar: Ja
Retentionstid vid strömavbrott: 26 uur
Snabbfrysfunktion: Ja
Antal fryshyllor: 3
antal stjärnor: 4*
Inget frostsystem: Nee
Energianvändning per dag: 0.543 kWh/24u
Klimaatklasse: SN-T
Automatisk avfrostning (frys): Ja
Indikator ljus: Ja
Typ produkt: Staand
Type beeldscherm: LCD

Behöver du hjälp?

Om du behöver hjälp med Electrolux DBGL7731CN ställ en fråga nedan och andra användare kommer att svara dig




Fläktkåpa Electrolux Manualer

Fläktkåpa Manualer

Nyaste Fläktkåpa Manualer