You are on page 1of 207

Springer Series on

Signals and Communication Technology

Signals and Communication Technology


Circuits and Systems Based
on Delta Modulation
D. G. Zrilic
ISBN 3-540-23751-8
Functional Structures in Networks
AMLn A Language for Model Driven
Development of Telecom Systems
T. Muth
ISBN 3-540-22545-5
Radio Wave Propagation
for Telecommunication Applications
H. Sizun
ISBN 3-540-40758-8
Electronic Noise and Interfering Signals
Principles and Applications
G. Vasilescu
ISBN 3-540-40741-3
DVB
The Family of International Standards
for Digital Video Broadcasting, 2nd ed.
U. Reimers
ISBN 3-540-43545-X
Digital Interactive TV and Metadata
Future Broadcast Multimedia
A. Lugmayr, S. Niiranen, and S. Kalli
ISBN 0-387-20843-7
Adaptive Antenna Arrays
Trends and Applications
S. Chandran (Ed.)
ISBN 3-540-20199-8
Digital Signal Processing
with Field Programmable Gate Arrays
U. Meyer-Baese
ISBN 3-540-21119-5
Neuro-Fuzzy and Fuzzy-Neural Applications
in Telecommunications
P. Stavroulakis (Ed.)
ISBN 3-540-40759-6
SDMA for Multipath Wireless Channels
Limiting Characteristics and Stochastic Models
I.P. Kovalyov
ISBN 3-540-40225-X
Digital Television
A Practical Guide for Engineers
W. Fischer
ISBN 3-540-01155-2

Multimedia Communication Technology


Representation, Transmission
and Identication of Multimedia Signals
J.R. Ohm
ISBN 3-540-01249-4
Information Measures
Information and its Description in Science
and Engineering
C. Arndt
ISBN 3-540-40855-X
Processing of SAR Data
Fundamentals, Signal Processing,
Interferometry
A. Hein
ISBN 3-540-05043-4
Chaos-Based Digital Communication Systems
Operating Principles, Analysis Methods,
and Performance Evaluation
F.C.M. Lau and C.K. Tse
ISBN 3-540-00602-8
Adaptive Signal Processing
Applications to Real-World Problems
J. Benesty and Y. Huang (Eds.)
ISBN 3-540-00051-8
Multimedia Information Retrieval
and Management
Technological Fundamentals
and Applications
D. Feng, W.C. Siu, and H.J. Zhang (Eds.)
ISBN 3-540-00244-8
Structured Cable Systems
A.B. Semenov, S.K. Strizhakov,
and I.R. Suncheley
ISBN 3-540-43000-8
UMTS
The Physical Layer of the Universal Mobile
Telecommunications System
A. Springer and R. Weigel
ISBN 3-540-42162-9
Advanced Theory of Signal Detection
Weak Signal Detection
in Generalized Observations
I. Song, J. Bae, and S.Y. Kim
ISBN 3-540-43064-4
Wireless Internet Access over GSM and UMTS
M. Taferner and E. Bonek
ISBN 3-540-42551-9

Ute Jekosch

Voice and
Speech Quality
Perception
Assessment and Evaluation
With 34 Figures

Dr. Ute Jekosch


Rensselaer Polytechnic Institute
School of Architecture
12180 Troy, N.Y.
USA

ISBN 10 3-540-24095-0 Springer Berlin Heidelberg New York


ISBN 13 978-3-540-24095-2 Springer Berlin Heidelberg New York
Library of Congress Control Number: 2005926886
This work is subject to copyright. All rights are reserved, whether the whole or part of the
material is concerned, specically the rights of translation, reprinting, reuse of illustrations,
recitation, broadcasting, reproduction on microlm or in other ways, and storage in data banks.
Duplication of this publication or parts thereof is permitted only under the provisions of the
German Copyright Law of September 9, 1965, in its current version, and permission for use
must always be obtained from Springer. Violations are liable to prosecution under German
Copyright Law.
Springer is a part of Springer Science+Business Media
springeronline.com
c Springer-Verlag Berlin Heidelberg 2005

Printed in Germany

The use of general descriptive names, registered names, trademarks, etc. in this publication
does not imply, even in the absence of a specic statement, that such names are exempt from
the relevant protective laws and regulations and therefore free for general use.
Typesetting: Data conversion by author.
Final processing by PTP-Berlin Protago-TEX-Production GmbH, Germany
Cover-Design: design & production GmbH, Heidelberg
Printed on acid-free paper
62/3141/Yu - 5 4 3 2 1 0

*iv>Vi

>vii>`}iLi}>`iivi`v v>>`iiV
V>iVi]Vi>`iiV>>iivi>}>i`
>Vi i i > i>  i}ii} >>V Vi >` iiV
>viV`iiV`i>v >iiVii`L
i]>`iii`>`iiV>vii`ii/]>>i
i Vii`> i`V]>` L>i >iiii>
>iVi>``}iv>V >VV-iiV>>ii
>iiiVi`vvVi>iii q i>ii>Li>`i>}
v`>>>>>Li> V>`Vi>>Li}}vV>}i
>Lii>`iii>>i>VVii`Vi>`iiV>i
> `iV>`i] ii ii Vi i `iv v Vi >`
iiV > >` i VL} Vi >>i >ii
>`i>> i`
1>]ii`>>>viLiVi>ii
iiV>>ii`}ii/iiVViv`}}Vi
iiV>i`iv]ViVV>V>>ViVv
iiVViivi\iiiV}>> >V>ivv>V>V}>
i> >iviVi`
}iiviiV`iViV>v>>`iiVV>i
>i>`iii`}ii>iiLivii
iV}vvii`i>i/]i>> L>v`}
iiV>>iiV>Liivi`>Vi`>vV>>]
i}>>L>]ii`}i }i>}viiV>i`
>VV`i>`}i>>ii
/i}VivVvi`Vi>`iiV>iVi
ii`>`iVii`ii}iiV>L>>>`>vV>
> /ii} > i>i>``i>`iVii v
iiViVi>`>ii]}>i}>`V`}L>Vi`}ii
i V>VV]ii viVi] i}>`}V
Lii>>Vi`Vi>`iiV>>iiv
i >vV>>iii>i>``i`}i>
Li>LiVV>vV>>iiVi>>>i>Vii>>
Lii}>`ii}ViiiV>`}i/]iL>
Viii>iiVi>`LiVVi` V >>>i
iii>VVV>iiiVV>ViVi`i
i>V>V>>Li>>iiviiV>Vi`>1

6*iv>Vi
`i>`}iVii>>i`}Vi`Vi>`iiV>
>iiiiiivVi>}>vV>>iiVi>
/iivi i LiVi v Vi >` iiV > iVi > > VivV
vi``iii`}i`iVLi]Vi]VV>`iiVi
Vii>>iii>Vi>`iiV>>ii6i>i`>
>Vi`>ii`\>vLi}]`iVL}>`>>}>>
ii]iivviVii``iLi>i >>i`ivi`iVi`
v>VvviVi>>iiVi>>iVVi`Vi>`i
vi`>`i`VLiVV>Vi>>L>Vi>ii`}ivV
i>`Liv>iii `Vi`>``Vi`
/iiiiiiiV`Vi`vii>>}>}i7V `>
L>V]LiV>i >v>iiiiiiiiiLi
`V>}>`ii>}L>VViivVi>`>>iVi
V>Li>i`ii>VVii >i>}>}i`ii`i>Vi>i
i
/L`iVi`>`VV>>`v>iV}i
ii`V>>ViLiiiVV>>VV]VV>>`
v>i>i> }V"ivi> i>
v>`>ii>`i>i>}i` iViv>`
>Vi` iiVi>i` V>VV *} iiV iV}i i
>Vi}}iii``ViiV>>ii>`V
iVi`iVi> vi>>V`Vi`ii
`i>>>iVLi` iViv]iVvV>
->i>i>` i`>iivi`ii}iii
> i >
> ] i>i `i - >` > >>i >i`
iviV}i>V

/] 9] x

1iiV

/>Liv
i

`V
>`i`v-iiV+>ii x

->

iVv+>\>}i`>

+>>iivi>`>ii
+>>i`i}}>
i}}i>v>iii n
->

{-iiV/iV}>`-iiV+>*iVi
{ /iiv`iiiViV}
{ -iiVi>``vvii`i}> n
{ /iviiVi\ >i>`>
{ iiViviVi>`iiV>v>
{ iiv>viiVii x
{ /ii x
{{ /iiiVi\/ii>>iiiv>
{x -iViiV>>V>>}{
{ V>i> iii>iiiv>{
{ -iiVi>`>V>i`}>ii>V {
{n -> {
x-iiV*iViiiv+> x
x *iVi>`V}x
x *iViLiii ``>\ >`>`>> xx
x i``>iVixn
x{ -iiV>>ii>>i>}Vi x
xx i>}>`i>>`
x i>}Viii}>iVii {
x i>}i>`i>}}>x
x i> i>}i`>`}i x
xn -> n

6

/>Liv
i

+>ii6iv-i/i
`i>}*Vi`i x
i>}>` V>}i` V>VV x
i>}V>i n
->`>`V>in
/iV>i>>vVvii>>` n
-> n
n>>iVviiV>i>ii n
n /ii>}LiViiV n
n />`i>viiV>i>ii
n -iiV>i>i>}
n i}LiiiViV}>`>`}
n{ ->
/>`i-Viv-iiV+>i>iix

/>v>viiVix
iViVvV>}i
-iViviiV>i>ii

-i}i>i}L\ iv+>
i}L>`ViiLi\`V {
/i,i/i L-ViV{
/i--i}i>/i
/i-i>V>1i`V>Li-iiVi-1-/i
{ /i
 /i n
x ii>v>i
 i`}
/iV>L>>>i>}viVi {
"iV>>Lv`i
"iviVivV>}
"iviViviVi
"iviViv>LiVi>`viiV {
{ "i>`viii
-> {
/i
i->-`{
"iL>V}`vi` {{
i>vi` {n
">}>`V>} {
{ >>Vi\->viviVi>V>Vi x

/>Liv
i

8

x
>vi>viv>>>`iViiV xn
->viv>iVi {
-> x

Vx
,iviiVi
iv
-LiV`i
`i x

`V

6Vi>`iiV>iVi>V>>L}L>Vv>
V>VV]i}>`}V`i> > Vii>>iViV
i`>i}i>`>vVi>`iiV>i`i
Vi>`iiV>>ii>ivViLii`i>v}>
iV]}V>`i>i` vi`V>V}>`iV}iV
iViii]ii`Vi>`>i`iii}>}>`
`i>`}iiV`>`ViivVi>`iiV >iVi
iv/iiiv>iiii` }ii vVi>`iiV
>iii>Viii`}ivi`iii>`vVvVi]
iiV >` >}>}i >` Vi>i i `i>`} v > > Li}
VV>i>L6Vi>`iiV>iiiivi>>i>
>i`]iiiv
>vii>`}iLi}>`iii}ii}Vi vv>
>` iiVV> iVi] > iiV > >ii >
}>i`>Viii>i>]>V>iiViV} i
V>ii>ii>]>`i>]iiiV>>ii
>>i>vii>}>vi>\-iiViV}i}iiiii
vVi>`iiV>>ii>`i>ii>iV>>i
Vi>>iii`V>i>i>}>Vii i``
> ,E iV -iiV > >ii >i iiVi` vv Vi>
iii q i >ii>Li>`i>}v `>>>>>Li>V
>`Vi>>Li/i>>Vi>`iiV> >ii
>}>>i]ivi}ii\i``i>ii
>vL>ViVV>VivVV>]i``iiV>
>ViV>i>`>iviiViV}i]viV}V>
i}ii>V>ii>L}iV}iVV>iV
}
6Vi>`iiV>>ii>>LivvL>v>}
i]>LiV>ii`i>`>`iiiv>iVi vL>VVivVi
i>VV>>Li/i>>iiViV}V>`VV>iiV
>Viii>i>`>>>Li}Livi>Lii`>`Liiv`i
>L>i>`i>ii>viiiVi`ivv>
>`VV>i}ii>iiii>VVi>Li]i`ii
>iii`i`VVi>`vi>i>`Lii`ii
iii>V>``iii>i

`V

/ii>>iiViV}i}iiv`iii`ii
`>i>`i>iiiV>/i>}ViVi>V
>VV/iiVi`i]viVVii`viiVvVi]ii>i
vi>i>ivvV>]>` q LiV>iii >>>Vv>L
`vvii>i`i` q i> >i`> iVii`>`
Vi`iv>i}iiV>iii`i Vi]>}i
>`>`>>Lii}ViVi`Livi>`v> i>
>Li>ii}V]>`>ivi>v>Vvi>ii
iiV`Li>L`ivi`>`ViVi`]Vi>`iiV>>i
i>]`}]vi ii>>}i>V``
i>i>iVi>`iiV>]L}`V>i`i>v
iL>V>iVviV}V>Vi
"vVii>Li``>v>Viii>iiVi>`
iiV > >ii i >` iiV `iV i}ii}
Vi]iiV>vVi}V>iiV>ivi`i}]`i>i
V`Li viiiii>`>>viViiiVvV>]`ii
i>``V Vii>i>vVvV`iii`Liii>
>i`iiiVi>i` V>VV`>Vii>`>>]
v>V]V>>LivLiV>iVi>>V>Lii`>`
}i`}iii}]>`iivV>>`}ii>>>`
Lii >`i > >` i` > v>i Vi v Vi >` iiV LiV Li} i
i>Vi`/iivii`i>>]>Li]>>iiV>>>V
iiVi>i`V>VV]>V>i>>V>iv`i>}
>iiiVi
i}viiV`i>ii>i>i>i``i>
iV/ >VVi>ii>iViii
i>V>>iv>V>ii>Vi>VV>>V> i}ii}V
i
/>`>]Vi>`iiV>iVii>i`}V/iv>V>
}V>v>>}}i`Li`iiViii>V>`i}ii}>i`
>iiiLi}i`L}V>>]Li}>
ii` ivV> / LiVi Vi> i i i>i i V
Vii`iVivi`i}i`>iiiV>>>i>i
/iLiViiVVi]i`Vi}iiV>>V>i
vv>]>>}V}QR/ivi`i>i}V
i>i>]iiiV`>V>i\
+i\VV`}VVi>`i i iiV>i>>iLi`i
ii`>`iiVi`iLi>ii`>>L>]i>VVi`
>`Vi`i}>`i>iLiiii`]v>>
i>i>i>V>>ViVvi>i viiVV>>>
i>`>Vi`}>ii>>Vi`iViV
i

`V

+i\ i>iiViLi>i`>>L>]>`
ii}v`}LiViVi`7V i ` Li>i`>`
Vv>]i}V>i`LiVi>i>VLiViiv
]iiL>}VV>iivi>ii>V``>LiV
iVii`
/iviivii>L}vii>i>\7ii>
V>iVi>`iiV>v`iiiiiiVi
>i>]i`]iii]i>i> vii
}>`i`>>ii`ivV>>ViViii``}i
iviViiiV>V>ivv>VV>Li>
>Vi`>>`Vi>>>LiVvv]Vi>`vV-
`>]>iiV>>ii]iiV}i>>LiVv
vii]iiiVi>i>>>>}V>iiviiiv
>>`Vi>LiiivqViqvVv>iii
ii`Vi`>>VvLiV]}i>i
}}ivv>i>i>i>>i>}viiii]
iLiVviViV Li`}i`/LiV iiv>
``>iVi>} >}i`iiVi>ii
i
i]ii` >v]Vi>`vVvii>i>
>iV>iviiVi`viiivvi`]i>> iv
i>iiiLiV>Lii`ivi`iiiiV`>ii>}
LiV]Liii>iviV}ii>iVi`>
>/iiviLi> vi>iii>Lii
>ii`/i>`vV>iii>Li
/i>iiVi>>LivVV`i>v>V>Lii
>i`-iV`i>>v`}ivviVi\/ii
}>`i`>>LiV>V>LiV>vi`>V>ii]L`i`>>
i>Vii`>>}V>i}>i>>>`vV>LiV
viVi/ i>>iVViv LiL>i` ii
iViv>>Vi]LiiiViv>Vi]ii
/i>\vii>>vV>>iVviiV>>}V>i
LiV`ii`]V>LiViVi`]>i>ii>}Vi
>i`i>Vi i`/i>iiiVi`i`LiVi
>v`iVV>i}iViVii``ii}iiV>LiV
vv >i
/iiV` iLi}ii> viVi >iV>
>iLi`iV>V`i->i`Vvi}vi>`i}
vi`QRVi iVi>i>iVi>V>Lii`
VV>ii}v>`}i >`i > ``> Vi
>i` ii> v iiV] L i`iii` L > >i v>] i} >
V>i
>>>iiviVii` iiVLi>i`>`v>i` V>
>> L>`>`}>` i`V}iiii>V>i

`V

vVi >}vv> V> Li>`i`] `i>V}viii


>v>ViVii`v>}>}ii`iviV>v>/iiii
v>i>iiv>>LiiiVii`>LiVVVL
>i>`>``>iiV>V`LiViVi`]Li>}
`>i>iii>i >i> >` >LiV
/ii`Vi>`vvVi>iiiViv>>}
iii>iviiVi>i`V>VVv>i`V>i
iVi>`i>iV>VV >>i ii}iiVivV`V
i
>iVv`vviivi`>iL} }ii}i>}L>`i>`}
v>iiVii] ii iVi> vv>VLii}
iiv v}V>`i}V>`i>i>>iv ii>i
i}>LiviV>>i>i>Vvi>}>VVi>}
i}iLiVviiiiii>ii>} i}L>
V>vV>ViV>ii}V> `i >>L>Vv``>
i]v>Viviii>`VL>i>`>>`ivi]
Li`>>}iiLiV>iQnRV>`i>>V
LV>Vii>iLivi`Lii]}`i
iv>Vi>`Lii}ii`iVL}>`
i>}iv>V` V>`Vi`i>Li`i`i

>`i`v-iiV+>ii

6Vi>`iiV>>iiVii>>v`i>
iiv>iiiViivi>v> i>VV`
}>>>ivvii`i>`i]ViiiiV]Vi
iV}iVi>`i>ii>>i>`>>i
/Vii>`>>iiviiVii`>`iiiVi`iiV>
]>``i}iv}i
U
U
U
U
U
U
U
U
U
U
U
U
U
U
U

7>>
7>`i>`>i>`i >
7>i>V>i ViviiVVV>
7>}ii>Vi>`iiV>
7V>iVvi>viiVV>Li`ivi`
V>i>v>>iiVLi`ivi`
VV`}VVi>iiV>>ii`iVvVVi

>i>viiVLii>i`>`
iiV>>>>ii`i>i>
7Vvi>v>Vi>ii`ii`i

>i>vVi>`iiVLii>i`i>
V>Vi>`iiV>Li`i}i`
7>i>v>vV>iiVi
7ViiV>>i>Vi`iVv>vV>Vi>`iiV
7>>`V>>iiiiVi>}Vi>`iiV>vV>

,i>}ivi`viiViV}\
U 7>`i>}ii>i>ivi`viiV>`VV>
iV}
U iiiV`>VV`}Vi>viiViV}i
`Li>ii`iiV>ii>
U 7>`i>`iv>>i>`ivv>>`VV>
iV}i
/iii`ivii`>v>`Vi>`iiV>>ii
}iiiiV>}ii>>`}>>V>>`
>VV>] iV>i>V >` i>V>>}>V >iV] ii >iV v
>]>iiiV]Li>}i}i`>i>>` iii
i]i Li>i V`i>>`v}v>V

>`i`v-iiV+>ii

}ii>iViv>iiiiiiviiVVi>Li
vviVi/V`iiiviV>>LiiiVii`]iviV
>iiVi`>`>>iiv> >LiiiVii`iv
>>iiVi`/iiviiiV>>viiviiiiV>
> Lii iVii` V>i` > >iiVi` >` ViVi` >` >
ii`vi`i}iiv>L/Vi>` iLiivii`
v>iiiV>iiQnR/iiiiV>`ivi`
>v\
iiV>
/iiv>i}>iiV}i`>`>i>Livi>i>`vi>i
>iv>iiV>i`ii>>]iv>L
vviiiV>v>iiV}i`>`>i>Livi>i>`vi>
i >i v ``> iiV> >` V> `i>` >` `i
>`
-iiV>>ii>i}>Vi`]`iiVii>
iVi>i>`i>iVViiii>i>VV>`i
i>V`>iiiiiV> >ii>i>ii
>i>VViiV}>V>`Vi>`vviiiiiVi
ii>i`/ii>i>i>v
ii]iiii]V
`>`}ii>Viiv iViiv>Vi>` i >>`}i
i>Vi`>iLi>>i`v> iiV>`}iLii>Li>`i>
}v>vi>viViii>`}>`}i>i`i`]i`}
iiiV>Lii>Li
1`i>`}i>iiVii>ii}`i>vv
ViL>v`i>`}Vi>`iiV>>iiivi>
i]i `i>}iVVii>v>i}]>iLi>>iv>
>Liiiv`iLi>Li>>iiV>>viviVii
>`ii>ViL>V}`v >>ii]iVi>>>ii
ViiviiViVi>`>ii`iiv}>iV\
U `>iiiViivi>ivVi>`iiV>>`
`i`}iiVi`i
U 7V Vi>`iiV> vi>i `i>V>iViiLiV
U 7 ` i`}iii>`ii>>
U v>i>V}i>L`}iVi
U i>`i}>ii`}ii>L>`>`
U 7V>iV>ii`}i L>i`i>
U ii`}iV>iii>
/i>iVii`ii>> i>iiVi >`i`i}ii
vVi>vi`}i>`i/i>iV>>`>`iVLiii>
>iii>i>Vi>iiViv>}>Vi

>`i`v-iiV+>ii

} Vi >` iiV > >ii >i L>i` i iiiVi >`


i`}i>>iv`iVL}iiii]ii v>Vv>i"i
>>vi`L>v`}Vi>`iiV>>
iiV>Li`Vi`>Vi`>vV>>L>Viiiii
>i`}iL>i`>`ii>}viiV
>i`>`>Vii``}i>>iii>VV>
}Vi >i>vivvi``Lii`]i}
i}>`iiiV>i>Li>ii`>`iLiv`}}ii
/iLiVivVi>`iiV>>ii>>VivVvi`ii
vi`iii`}i`iVLi]Vi]VV>`iiVi
Vii>>iii>>>ii6i>i`i` `>i
i`\>vLi}]`iVL}>`>>}>>ii]iivviVi
i``iLi>i>>i`ivi`iVi`v>VvviVi
>>iiVi>V> LiVVi`Vi>`ivi`>`i`V
LiVV>Vi>>L>Vi>ii`}ivVi>`
>} vi> v>V L i> v >> > V i`
i`>viiVViViv/ivVvViii
i> i>} iVi>`ii>ii]L
VVi>i `iiV} >>Li >` V> `i L> > iV
`ivVi>`iiV>>ii1}>`i`iVLi>>
>ii`iVi>LiV>iiiV>>iiVii>iiV
i`i}LiLiV>i]ivii}]iViii>`
> i i > VV>Vi >i ii >` ii> ii >i
ii`/iiviiiiLi>V>Li `>L>i]
>i>i}V>`LiV>Vi>i>}/i>v
>>ii>}Li>v>V>V>>V>`L>>
vi`>]i>iV`i] V>}iiv`}vi
`Vi
/iVii`vi`i}>i>iLiV]iVi>`iiV
>iVi]>Vi`i>V>Li`iVLi`>>i
ii}vV>ViviVi >Viii>iV>>Vi
i`L>Vi/Vi>>L>V`iVLiV>
>
"iV `i`i>i`i>ii"Vivi`]V>Lii`
>iL>v>`i}v>vV>Vi>v >>ii`iL>i`
`i}>i>`>>}i>i>vV>Vi>`i>i >i >i
`ViV>>Vi]i`Li>i>Vvi`V
iiV>>ii>>VV]iv>V>`ViiLi
>i`i`Vi`/iLiiii>>>``iL>i`>iiVi
> i>>}V>i}V>Vi`Lii`>i>>}
L>i`iV>i}V>Vi]V `ii>>>>>`>vV>

>`i`v-iiV+>ii

>iiVi>>iVi`V>/iV>LiVi`
V>LiV>ii>VviVi>ViiV>iiiVi`
iiV>>`vviiVV>ivV
Livi`v Vi>`iiV> >iivLii>
i`>>iV>VVi>VV`}VViVi`i
` > > i v i> /iivi i vi` Li ``i`
Vi >` i iViV} i> 7 i}>` > i}>
V>VVivVi>`iiV>>ii]iVi>
>i>i>`Liiii`>iVi>i`>``ii`V>>>>V>}i
> ``>Vii>V>}i >ii>>i>V>
i`i7iivV>iV`i]ii`>v
Vi>`iiV>>iiLi`i`>>i
vVi> Vi>iii```>]iviViVi
viiV>>ii>>i]iiLiVi>LiVv``
>>i>vi`}i]i}v V>VV]ii}]i}>`
}Vi>Vvii>i>iiviiVi>>ii`
iiV>>ii>ii>i`>``>ViLiVvii>V
ii>ivi>`v>V Li>V``>ViVii
Viv]iV>i>iiiVi`ii>V>
iV>`VVi>ii>iV> `iVVLiiVii
viViiVi>`iiV>>ii/iivii>i`
iV`i >Li`iii`iii`Vi>V>i`>iV>
i>V>Li>`V>`V}``> ViVi>`Li>
vi`> Lii Vi>`iiV >>ii /L
iiviiiV>i}ivii}`i>ii>iVvi
vivi>VViViii>> Li>`iiiiV>VLi
ii}>V>>>vVi>`iiV>>ii
v}ii>i> Li>V>`VLiiiii`Vi]i
i V>`iV]>`i`>`ii}>]iVi>`iiV
>>ii/iL>V`i>Li`iVi>ii}
>V]iVi>`iiV>>ii>i`>Vii7i
v>iv>V>`iVVi>iVi>>i`]Li>
i>v>`iiL>V}`>V>iiiv]V>}i
>``iiiviVi`iLi`iVLiVi>i>i
V>]>V`}`>V]>`>iViV}`iii
>>V> irQxR
>}iii`Vv>VViiV}>iiVi
>`>ii>i>VVi>]i>>V}ii>i`/i
>Liii``L>iv>LiV>ii>iV>>vv`
}ii`i}V>>V>>>V>>ViVvi`i i>vi
`i}iiiiviV`ii>]viVi]>v>
}`i`ivivvVi>iiL>v>>}viiV
>>ii/iivii`i>`i i>Lii`iVLi`i

->

vVV>Vi>`LivVi>`iiV> >ii/i`
>> >`>VV>>Vi]Li`>Viiiii> v
i/iiV`i>i>>i`>i>V>/
iiV>>ii`i`>>i>>i

->
/i>i>V>>>iVi>`iiV>>iiLi>
v>iV `i]iiL`iVviVi>` i>
Liii i``>Vi/`Vi>`>ViV
V>>>i>>i>`/iiV`i`i}i` V
>>>v>V>ii`
>}i>Vi`}>]i`iivLiVi>i>v`iv}}>
i`}i>`v>}L>ViVVi}iiV>>i
i/i>`>>}i>ii>ii`iV>Li>VV`>i`
iV>i>`>Vi>iviiii>Vii
V> i>``i`i >>`vVVi>}>`>>i
iiV>iiiVi

iVv+>\>}i`>

7iiiii>ii>iviivi>v}`
>``V\/iV>Liv}`vV>>]`>Lii>
ii`>>}iii>V>>>iV>+>
}ii>>}`V>>ViVv>i L>`] > vvVi>
/ii>`}i>>iiiiVi7>ii
iv`iv>>
/ii>V>Liv``vviiVi}i}]
>>`iViiivi`v`>`Viiii>Lii
Vi>`ivi`+>>>}ii]`i}>`iVV]i]ViV
iV>i>v>Viv>]V`>`V iii>i
`ViLiviiV>VV]Vi>}`V>`Vi
ii
ivi`V}i>>`LiVi>`iiV>
ii>V]ii>V>viviii`"ii>v
>ii>>VVi `i>iV>>ViV]i
ii v >] > vi>i] iii v >] >} v >]
`V>]i>]>`>viii> `i Li
>Li>}>iii>Viivi`vVi>`iiV>>i
i]iiiLi}i>>`>``iv>iLiViVi>]
> vi>iVvii>]>i>ii`ivi`v`>
`V]>i>>V>LiVi>`iiV>/iivi>}L>`iv
v > v Li `ii` >` i `vi` iVvV> >
Vi>`iiV>>ii7i`iv>iv>
vi`LiV`i`]>vi>i>v>>>Vi>`>V
>>`>`V

+>>iivi>`>ii
/i>}v`iL>iii > iv}`iv\
 iv>
QRVv>ii}>`>Lvv`iii`
>`iVi>iiiQ{R
 ivV
QRi>v ivi>i>`i>ivivi>i QRv>i
QRQ{R

iVv+>\ >}i`>

 ivvi>i
QRV>>ViVviV}}`}}LiiiiiQR
QxR
 iv>iv>vi>i
QRi>i>Li`i>vi>v>vi>iQxR
/iVvi`Liv}Vi\
iVvV>`ii}ivi>iiiivvi>ii}
V]i}i>i` QR>`iivvi>i>ii}i`]
Q{R
 ivi
QR>i> >i>LiV`iLi>Q{R
/ii`ivv>>LiL>v`ii} iivVi>`
iiV>]Li>iii>ii`i>ii`ivv
iivi>i`iVLivi>ivVi>iviV}}>``v
vii>}Liiiiiii]iiVi v>ii
iViv`ii}iViiViiii\
>>Vi
Vi>>iviV}}`}}i/iv}
i]V >iiiii>vVi>`iiV>
ii>V]i i>>ii`\
U 7Viiivi>i
U >ii`iVLi`
U
>}ii>vi>i Li`ivi`vi>`i>ii]iiViv i
``>Liii
U }i`i}iiv>VV>Viivi>i>i`iVLi`iv
i>}iii>ivvi>i>]i]LiVi
U V>Liii`> >iV>vi>i>i>V>Lii i`
>i`ivvvi>ii>iVLi`ii`]i`ivv>
>i>vii\/iiivvvi`iii`iii
i>i> \
U 7`iV`iVvi>i v>i>iii> >
U 7iVviiVi>iV>i`
U VV`}Vvi>i>i>iLiV>i`i>}iii
Liii i Vi` i >` i`iii` iVi> iii >`
`
U iVViv>vi>iL>i`v>V>`V> Livi`
ii`}iLiV>Li>ii`iv>]iii
V>Liiii``vviii>i`>>v>V}> vi>
iviVV>i``V`ii` vi}ii>LV>iVi>iVvi`
/i>ivi>iVvVivV>>`>viv`V>`

+>>iivi>`>ii

Vii]i}iViiVVV>ii>i}V>iii`
>>i>V>v>]iV>i`>`v>i`/iVV>`V>i}i
i>`iVLi`ivivV>]iVV>>`i}VV>>Vi
V] iiL `i v `iV ii i> i` v>>
/ii>iviV>>}v>`>`iiiiVvVi>V`VV
ii>iiiVi`>`>iV`ii`L}>i>>ii
>iLi>`i >> >iiiiivii>i>>i`L
V>}i`Viv>`Vvi>i>iii`i>i
vvV>ViiivVi` iiiv
Vii`V>>ViV
*`i`>i> vivVv iVV>`V Lii>i`]
>vV>>ViVviV>vV>vi>i>ii>>`/iL
ii V> VVi>i v}] v i>i] i Vi v V> ii
>}`iVLiiV>>ViV v}iii>`i>
V>iii>`ivi`>v\
-" iv>
QoR > v V>>ViV v > i QoR > Li> >L
>v >i`>`i`ii`QxR
>viv>V> `iv>>iii>
>i`>`i`ii`>i`iii` `iv`ivViiv
}>\7>>iii>vivv> i]i}>v
>iiV>Li`iii`/iiViv>vV>LiVL>i`
vi>i>>i>}V>ViiVi-V>vi>iV>LiVii`i`
>iV> ii>vViiviVi` LiiiVivi}vi>
i >V``> >iVii>v`vviiiiLi}>v}
ivV>}vi>i`vi>ivVi>`iiV>`i
iivViii`]>iLi`Viivi\
`iVi`>`ii>vii>Vi`>`ii>Vi`
iVi]iiviviviiVi}LiVv>>`>`i`
iv`iVL}vi>i`Li>>>Liv>L>i]V>Li
}>>ii`>iiViiv>Viv vLiV>>>}i`>`V
i` >vV>iiiVVi>i>>viVi>`Lii
v>`>>>> ivVi>>iiVi>
VV>L>iiiii>ii >ivi>iV>ii
>iViLiLv>ViVii`LiV>iv}`>Vi/>i
}vV>Viv>>`>`i`ivvV>>ViV viiiLi>
ii`ii>}viv>>iiV`i>Liv>
i>V>>VVi>`iiV>>iii v}`vvii
>>iLi>`i LiiiVi` iVi >`>` iVi
> i > Liii Vi` > >ii >` >` > >i
i\

iVv+>\ >}i`>

Vi`iVi
,i v iviV > ii> >i` iV iVi ii
>>Lii>vV>ii`
>`iVi
,i v iviV > V>> V iVi ii > > Lii
ii`>>
Vi`> >ii
/iiV>>i`VivV>}i iiviiVii`
vi>iv>Lii`]iii>iiiv>Lv
v>i``>>`}iiV>vvi>i/iiv
V>>iVii> >ii
>`> >ii
/iV>>i`VivV>}i>viiVii`
vi>iv>Lii`]iii>iiiv>Lv
v> i``>}iiV>vvi>i/ii v
V>>iVii>>ii
vii>ii`ivi`vi>i }`}iVi>`>ii]i>v
LiV>ii`>]>Vi>` Li`ii>i`/
>V>ivi>>iivivviiVii>
>VV>>V>`iV`ii>ii>>`>i i
i>iiVii`vvVivvVi>viiv]Li
vi>i`vvV>}>``iVL}`i>i>VVvvi>i
`ii}>`>i`iiV>iViii]i>
>L>iLi}}`vvii>i`i>>` VV>}i>
iiviiV>ii>iiii>}`}i>i
>V>i`iiiVi>i>i]iii>ii>`LV>Vi]
ii>i> ii>>}i vvVi>}>vi>
iLVVLiV>i Vi>`iiV>> V>`
Vi>>ViVV>Vi/ii>i>i>vi>i>>i
Vi>`Vvi>Vi]}}i>ii>Vi>v>i
/i>i iv>}`i>Li>`iVii`vi>iviiVv
/i>vivviiV>iv}>i`>`iivii`i
i`/i`vvViii`>LiVi>iiiiiVvi`
iiVi`iiV}>-iViiV>}`i>iv
]>i>vviii`iLi>Li>>ii``>
v>`iViiv>Vivv]>iii`iv
viivi>i>VV`}QxRvivi`vVi>`iiV>>
ii>v\
vi>i
iV}>Li>`>i>LiV>>ViVv>i

+>>iivi>`>ii

SK\VLFDOFKDUDFWHULVWLFV
RIWKHHQWLW\
KHUHWKHDFRXVWLFVSHHFKVLJQDO

DQWLFLSDWLRQ
SHUFHSWLRQ

GHVLUHGFKDUDFWHULVWLFV
RIWKHHQWLW\

SHUFHLYHGFKDUDFWHULVWLFV

KHUHYRLFHRUVSHHFK

RIWKHHQWLW\

UHIOHFWLRQ

UHIOHFWLRQ

GHVLUHGIHDWXUHV
DQGWKHLUYDOXHV

FRPSDULVRQ

SHUFHLYHGIHDWXUHV
DQGWKHLUYDOXHV

DVVHVVPHQW

TXDOLW\DVVLJQHG
WRWKHHQWLW\

}Vi>V`iVvi>ii

/`ivV>>vi>iVV>viivi>i\
vi>i >iV}i`V>>ViV]L V>>ViV>V
V>Livi>iii`iVLi>`V>ii >}i
V> vi>i >` ii v > i Li ii] i iV>
vi>i>viL>v`ViiviiLii
Viivi
vLii>>ii>v>iiV>iivi>iv
iiiiVii`>>viViiii`vi>i`>>vi
iV> QR"vi>V>vi>i viiVii`ii i
iiV>v>]iiLi`iii`>Li>`v>
iiviiVi>>>iivi>i >`iiiVi>i>>i
i`LiivviVi>>>iiViViVi v`ii`
L>viVii` VVv}
 iv}`iv V>Li`i`Vi`v i>iL`}
viivi
7} iv\
>
,i v`}iviiVii`Vv>i iiV
`ii`V

iVv+>\ >}i`>

iVii`V
/>vvi>iv>i-}>vi`iviiLi
iiVii
i
>i>>i>LiV`iLi>Q{R
`ii`V
/>vvi>iv``>iiV>>`ii>`i>`>`
V>iii
vi>i
,iV}>Li>`>i>LiV>>ViVv>i

+>>i`i}}>
iiVi`}iV>>>`Vi`viiiViv
i>Viivii]>ii`iiiviVii`>
ii]iivV>iiV>Lii`L`vvii}iii}
>ii>>i>>Vi}i>V}iVvV> iii>`
`Vi>Vi>i}>ii>iV>i>ivV
ii}/i>Vi>iiiV>>>ii>Lii
}iLi>>`>`ii/iVViv>iv>
>i`ii`ii`iii>Li`ViV>iLi>
i>>>ii\/iiViiiii}>i
iiiV>viVviii]i}iiv`>
viii`i}]>`i}i>iiL>L>ii>i
>Li>iiii`vviiiVvQR
`i`Vi}>ii]Vi>>i>V
LVi>i>>iLi`ivi`]V>vi`>`i>>i`i
``>>iviV>i`>VV`}Q{Ri>
Vii>}>i>iii>V]VVi>>]`i}]i}]
`V>}]ii>>>iV}]`V]v>i}]
>}i]`L>`i>}i>i>i>Vi]`>
-VViivVvVV>Liii>>VLi>
v}Vi>iV>i`iiiv>/i>>}i>
vi>i]iiiiVii`vvivi>iviVi>i`i`i`
LivV>ivi>>ii
VV`}iiiiiv> Q{R>`>vi>i>i`i
vi`>v\
 iviiiv>

Li>
q v>>i>>i>`V>iiv>>V>V>
Viivi>}]iiV>}i>i

+>>i`i}}>

TXDOLW\HOHPHQWV

TXDOLW\IHDWXUHV

\
(17,7<





48$/,7<'(6,*1

48$/,7<3(5&(37,21

} +>iii>`>vi>i

q v>>Vv>Vi>iiv>iiiiViv
>V Vi
iv> vi>i
>vi>i>iV}i`>``i}>i`V>>ViVv>i
> ii> ii>
7i>iiiv>iL`} LV v`i}}>i]>>
vi>ii>>i`iviiVii`]`i}i`i>`iivii
L>v>`iVv>VV`}QxRii>}i>vi>
i>`}>i>iV> Li `iVLi`>>>iiiv>
iivi>ii>ii>vi>i
ii>>`iVV>>ViVv>iiiv>\iiiv> >
Vi vi>Vi>}>i]i}i`i} `V >i
VV`}i`ivi>v>iiivi`i}iiv
>}iii>>i`Liiii`ii`>`iVii`Vvi}i
Li`i}iiv>}iii>Vii`]V`ii`Li>VVivVi
>v >
VViv> `i}
ii>ii>i>>}Viv>i>
ivi`v>ivvii`iiVii>`>i>
/i>}>vi>iivi>ivii]iVii`L
ii]>i`iiLi`iV> ii i}>`]iiiv
``>iiV>>`V>`i>`]>`i>Liii
iVi`ii>`Lii
"iViv>vi>i>` `iV iViviiii
v>>i`iiii> viii > >
i``>iii>i>iVLi>V>Lii>
vi>i]>`Vi iLiLiiiiv>
`LiLV>`>>iiiiiiiiv>>
>`ii`ii> >>ii}iLi>v>>
iLiVi>i`v>iiiiv>}ii/iiii

iVv+>\ >}i`>

i`Li}iiVLiivV>>
i>}ii
U 7>>ii>vi>ivVi>`iiV
U 7>V>>ViV`i>i
U V>iLi>vi`iiiv >i`i}>ii}v
>vV>iiV
U `iiiiii>V
U  >iVi>>vV>iiV`viiiiv>iVii`>`
>ii`Liii
/>ii>iiiiV>>i>i\/>`iVi>i`iLi
V} >`VvV>Vi]>`Li>Li >i `iVVi]
>i > V `ii`] V> Li >`i>i `i
VLi`L `vvii}viivvi>i]>`}ii>i`
``>>`}iiV>V>>iLi-iiV>>ii
iiivv>]>iiiiVvV>
>`>>iv>i`]L}iii`iii>i

i}}i>v>iii
/i`i>`>`iv>`i}Vi>ii>`i`>i`i
}iivVi`iViLiii>>ii>>>Li>`>>ii
>}>Li,ii ii}i>i vi\/i >>>Li>v>
`V>>VV`ii`>iLii>Vii`iiVii
iV> >iLiiiVii`i`QxR
/>`>`i}LiV}>Vi`>i`LiiV>]Vi
>iiiLi}i>`Vi>V`i/ V>Li>i`
}>i>i>iviiVi>i`VV>iVi>
i>i
}`>iV}V> >i>` `i>`iv>>V
i>`v>Vi>>iV>`i}i>>vi`viiV>V]v
> >` VV> iV}i Vi i v ii >`
ii/i>iiivi> iLivVi>}]}>`
ivV}V>`i>`
,iVi> LiViVi>>i`iii>V>``iii}>v
iiiV}i>i}i`iVi`>`i>*ii>`viiV
}i >iVVi>}i>`ii>>i/vi`>
>iiVi/i>vVivVvi`>iii
Vii``]Vi>i>`ii`>ii`ii`ivi>
>Vi>`iVvQR
/`>iv i}iiv Li >i`>>vV>`>`Li}
>LiVV>iV>}iLi`i`>iv>>i>i]

i}}i>v>iii

ii`ii>iVii`v>>iii>ii
V>Li>i`>iiiiVi>iiii
iiVi`Livi
 `ivivi>Li>i>i]V}iiV`Li
}`i`L>iVi V >>>iiViivii>i>i
iii`>i`V>i`i QR/`>i}vii}
ii>>>>Viv>ii}>}i>iivvVi]L
Li}>LiVV>i>>`>`}i>i>Lii>
Viivi>LiLi>LiiiiVii>`}V>`
i/i}i}>vv>>`VV>iV}i>
ii>Vv>V]i>]ii>`V>}i}>>i>`iV>>
>vi`}i>i`>v>`V>iii
>>>}i/`>iiii>i}Vi>iiL>viv>V]
>i>>`>> ViV>LiiViQn{R
-V}>` i}vi` V>Li}>i`V`ivi>V
i / i>Li VV> iV} }>`> v>i >`>
}`>`>i iv>V}iV>i}iv`i}}>
viiV>i>`}iV}} ii` iViv
>>iVi>`i}iViLi>viiVi>`iiVV
v>Vi}
"vVi>i> >i>LiV`>V>>i
V>iiViiV>i>v}ii>i>L>i>`>`V>
Li}`i`viviiVivvV}>ViViiVi
iLiL>i`ii]iiviiiVV>Li]>Liv
iVVi} ii`i>\
U 7>i`ii`>`>V>i>V vii iiVi
U iV>iiiV >iiV}i Li>VVii`
U 7Viii>iLivvi`LiviViV>Lii}>i`
`>vi
U 7VV``iii>iiV ii>iiV
ivv
U 7>iiV>`i>i
U i>i>iiV>>>vV>ii}>}i>V>
/iii>iLi>ii`>}> iL>V}`> i`v
i`Li`iii`V>i>VVi>Liii+>> Li
`i}i`+>>Lii`ivi`>iiv>>iiviiVii`
Vv>ii}>`iiVi`>`i>``i>`ii]
iiiV>>``i>`vviiv>iiV}ii>>
iiiii>ii`i}i`]iiVvV>
viiiVi`V>iL>i`>>}i]>iiiV>i
/ii>i>`iV iii >i]iiiV>iii`V
viLi>

iVv+>\ >}i`>

*i`V} vi i Li> q q >> Li iV>i]


LiV>i i V>V v>`i>` iiV> }ii> `ii` i
iviV>V>}i/iv>iViV>}i]iv>iiiV>>`
`i>`viiV>}iviiV>>``i>`V>}ii>>L
i`ii>vVi`V>}i]iivi>iV>Vv
iiiL>viii>>ii/>iiV>}iLi
V>i i i iiVi > V>}i` >i i `iii >i
V>iv >>i `>V Vi >` >i V`i> iii
i>i`iV
ii]iiV>>LiiV>i\/i}vi>}ii`Li
i`iiiV>Li>iiiVi`]i>V}viLV>}i>`i
iV}>iiV}
}`i}}>iii>Li]iV>LiV`
i>Li`>`i`/V> Li>Vii`Lv`iv}iv>V
viVi>`>>ii>i>V>Li]>`i>>}i
viVii>iiVi>`ii}`}i>``
LiLii`Vi`>ViVV>ivviVviiiv>
i`i}>
v`Vi>i`Vi>`iiV>>iii>>]
}iiiVV>Vi]i>v>ii`V>}ii>V]`i
i}>`>}Vi>`iiViV} LiiV}ii}
i >>>Li }> / }> V> Li i VVii] L V` i> Li
iV>i/iviii>viV>]i}i>ii
ViVi>`ii>ViV}i>``iVLiiL>VV`] vi>
i}`i]i>Lii>V> Li }`i

{->
V>iii> >v`Vi`iVi v`>
`V`iLi>Li>i>`>>}iviv>V>V>Li>V>i`
>> vvii>iV>`Viiii>Vi`V`ivi`
iv>i v>}L>`i>`} v ii > >>ii`
vi>iVLii>>iViiV`Li
`vvii>i`vi ivv>>`i>i>i>v>Vivii
> q >i`i}>i`> /ii>>>}i
i>v `vviiiiVi>`]>V>]}}>>
`ii]L`iii
U +>>Li]ii iiv>i]i}ii
i iiVivVV>Li>iv}>i` >V>>>Li`>
iLi``>Lii>`>ii
U /i > ii Vi` L iiV>  ``> iiV> V>
V>}i]iiV>v>iiiVi`Vv>i`ii`i

->

i>`>Vi+> `>V q ViLi}iVLi`


i`ii` >`iVii`V viVi`}i>>>
>`i>v>i
U /iLiVLi>ii`V>Liii`v`vviiiiVi
> `vvii>iLiiiiVi]vV>`vviLiV
U iVi>`vVviiLiV>i>ii`>Lii>``
L>>`>`i`ViVv>V>i/iVviii
Li ii`v>i iVvi`vi>i>iii>>i]i>ivvVi
}iV>>Li>iii>viiVV>Lii>}v
>`i``>
U i}ivviLiVV>i>LiV>i`}i}i
v `iVL} vi>i /i `iii v V `iVi i > >`
`>}>i i>Viii>i>Li`i>Liii
iVi`>`>>Li>i >} > >ii/iivi
>`}LiiiVi`>`>`iVi]ii>`]
>`LiiiVi`>`>` >ii]ii
U /iiLi>Vi>`vvii>Liii >iiiv>>`>>
vi>iiiiv>iv`>Vi`i}v>i
L>i`]ii>>>vi>iiiv>}>>i`iiVii`]`i
}i`i>`Vi>`>`iVv>
U +>V>Liii`vivivii iVii>` >
ii]iiLi> ii> > vLi>>`L>VVi
V>>Li>>i`viiiVivi `iii/i>`i
}ii>>iV>>LivLi}V>i}i`>>LiiV>
} i>ii
U 7i`i}}ii]i>}iViiiiVLiiiii>V
>``iii/Li>iV`i>i>iiVi\
/iivi>Vi>`VLi >`i iii>v>LiVvi
i>VVi>V>>Vii`Lii>ivVii>i
>iLi}>ii`]iii>iiv>LiVv`ii
iViiv>Vi

{-iiV/iV}>`-iiV+>*iVi

 V>i iiV iV}i Li `iVLi` v > iiVi\


iv iv ii>V >``iii] ii >`> ii
iVi]>i>>i>ii/`i>`>iiii>Viv
i iV} iv] L >iV>i i iiVi] `i>`] V`]
>>`>vVi>`iiV>>iiLii}v>V
/i i>L > `>>L>i` >>V >>V> ii i > v iiV
>i>ii-iiViV} `Vi`ii>>i/i
i}i >>ivi>v iiViV}Liiv>
iiViV} V>Lii`i>iiv`>i>vVi>`iiV
> iVi  Lii V>i `vvii iii >i `Vi`
iiiiViV}`iVi>iii>>`ii]iiiii
>i>i>iii iivV>>iiViiV>LiL
ii`>`iV>Li>>i`iii> `>>>>ivii
>LViiv>`>``}iVi>`ii`>>`i
`i>`>iiiii>i`}>iv>i>L>`i
ivVi>`iiV`iVi>`iiv>Vi*}iiViV
}ii>Vi}}iii``VVi>`iiV
>iVi>`ViVi`iVi>vi>>V`Vi`
ii

{/iiv`iiiViV}
}ii>]iiViV}vi>v}>>VV>i
Li}iiLi>viVV>`iVi>`v>Vii
i>iivVv>>iVV>] Vi>iii
`iLi>Lii>Vi>LivVV>}i
vV Vi` >i] v i>i] i `V] >] iV} >`
Vi}viiV-iviL>V>>`Vi>i>viiViV}i
>i`i> iv}
U -i>ii`i\7i}iiViVi>V>>Livii>i
>i`ii`/iiV>>LiV`i]vi>i]i>`}>i `]v
>}iiiVviv>>V>Liv`ii
]i}}ii>}>`i>`}>`>i>iviV>L>i`ii}V>
`>>QxR]Q{R] QxR

-iiV/iV}>`-iiV+>*iVi

U
>i\/i>v`}>iiVV`}iii>VV}>`}
>>`>iiiv>>`iV`}viiV>i`iv>V
>i v>i > v iiV i `}> i i >V> v
iiVV`}Vi>i>i>`vivivvVi>}ii`>>]
ViiiiV6*ii>iVV>i>ivviVi
V`}>`Vi>}
i>v`}>iiVV`}>} >i
iiV >] L >i >` V`}`iV`} ivv ii` Q{R] QnR] QnR]
QR]QR
U iiiVii\-i>i`ivV>>`iiViV}>ii>i`
iiiv>Vi\-i>i`ivV>>`iviV>>ViV>
>`iviii>}}vVi}i
i>Vii>Li>iV>`ivV>vii>ii>v>V>
V`iviV iVViVviiVi`>i>QR]QR
ii>i`ivV>]iiViV}i>VViiV}>
>iii>Viii]> iV}iii>VVi
v>iViviiV`i>v>>Lii>`>iv>
i}Vi}ii>Vi>iv>i>V]iivL
ii>>V iiV>>QR]QnR
`}>`i>}>`iV}>iv ivi`iiV
iV}>>iVVii`ii>iiv>Vi/ii>
>}iiiV`iii`ii>V>>>iii
>ii>}`ivViViV>Vii>VViiV}>Lii/iiiV
}ii>Liii>i>`vi>}`i>`ii>Vi]`i
ii``>>"i>iVvV>iii>i>
ViiiiiviiVi] i>i>ii
ivL>>iV}Vi>>i>iiivviVv`
iV> i>}]}i` iv>` `L}}>i
V>i`VV>>ivviVQ{R]Q{R-iiV>>ii>i>V>
i`vi`>>iiV>>Livii
/ii i>i `i>i > > iV> iV}V> VL
`vviivi`i`ii>Vi>iLii>`i/ii> >iLi
ViVi>>VV>Viiiii>i>`iii`iV`i
ii>Vi>iV}vvii` i iv
vi>vViiivi`viiViV} Lii>i`]i
viVi>`ivi>>`vVvi>>>
ViiVii`iVi>iL>iv>i>`V`
`iViiViV}i}iiiV>ii>V>`iV}
iV>>Li`iVi}viiV>>ii>`V
>Li>`iLiii>>>ii>>VV>iii>V>``ii
iiV]>`i>ii`>`iVi>`i\

/iiv`iiiViV}

U -`iiV}Li>ii`vivivii>Vi>`
i}ii] q >}i} q ii>i`}vii`
L>V>iV>iV}iLiii>V>``iiii>>
Li>>ii ii>V>``iii
U -`iiV}Liiivivivii`ii
}i>}`iViv>iiiVV>Li
>>>Lii>>ii ii`>`Vii
 V>i > >ii v iiV iV}i q ivi>L iiV
i q >Li`i>viiiVivii>V>``ii
i]iiviii>>V>`>>iiV>>i
ii>>>i`iVLi`i>V>ivi>Vv>}i]
Li}}i`i>iv]>>}>`iVvV>VV}i>V
>iiViV}i
i`i`>VV>iii>V>``iii>iviiViV
}i}ii}]Vi>`iiV>>ii>]>`]>
}i>iViiiV>>ii>>>i>`
`i>v>ViiViV}i}iiii>>i
VvVii>ii``>>ii>V}VV}>
iiViV}V>iiiV>>iii>>i>
vii>ii>i`L>V>>Li]LVLi
iiiiV>ViiiV>>ii>>`iii
V}`ii]Vi>>iV>ivVViii `iiivi
>>ii`>`i>>ivi>iiV`>Vi
/i ViiVi v >] }ii>] i} i`}i v >i}
iiV>V>Lii>i`
i>iviVi>`vV>
ivii` /iivi ii> i iV}V> Vi
i>i>iLi>>i`>>L>/ii>L\7>>
i>>L>>>i>i`viiVVV>]>iii
}>viViV>LiVi`>`iLi>viLiVV>Li
Vi>i`iiiV`vvi
>i`>>VV>
>] i>i}Vii>>`LiVii>>i
/iv}i>i>i iVi>\
v>>>iiv>Vi>`V>iLiV>i`]ii
>i>}>Li>i>>i`}ii>iiv]ii]
>ivi`v>`}i>i`iV}i]i>}i>}`>Li
i>vV]i V>>ViVviVi>`V>i>iiV
>>]vi>i]i>ii>}i>}`ivViViV>Li>>
i`
ViiiiiV>>iiv>iiViV}V>i
v>>V>ViiiVVi>Li>iVvVV>ii>
i>i]iii>}`>LiV>]vVi]>i>iV>ii
}>ii]Li>}`>iViiVLiVi

-iiV/iV}>`-iiV+>*iVi

>>>LivVi>iVi>iL`iVi>i i`
V}ii>iV ivi`VV>}i/iVViv>>`}
>`i` >>`ii`ii`ivi`>ii>Vi}>`
VVi>}Vi>>>ii`i>L>V`ii>vi
>}Vi>Liiii>>ii`iVi`V`ii]
iv} `Liv}i\iviiViV}i`>>
iviViiii>Viii>ii
ii]i>iiviiiV>i>]>iiiV>L>\
 `i iVvV> ii>V V>i] v >Vi] i>i `ivV>
iiViV}]V>Liiii}>>iiiiv>Vi
}`Li` Vi>iiV `]>i>iV}
iiiV`vii>}`>Li]L>i>iiii
iii>Viv>i>}ii>i iiiiii>i`i
>L i` i ii>V > /i >>`} v iiV > >ii
iivii`iii`Li>viiii]>`i> iVvi`L
i iiViV}i}ii/i>iiiii}ii
viiV>>ii]>ii>`ivi>Vi>i`
iiViV}
/iiViv`vvii>}Liiii>LiV>Li`i>i`Li
v}i>ii >>ii>i>i`V>iii
i>} >i` ii i> > i>} >` `i>` iiV i i
v>iviiV>`i iVV>Vi]L>iLi>
}iii`i`i>iii7iii>}>`
vi`]ii`iiV>i>vi}>iv>Vi>ii>i
ivi>}`>Li>`>i`L} iQ{R]Q{nR]QR
-}>VV>>L>]iii>}>`>i>`i>>
i>iiV>iVi>`ii>VVV>>i
v>Vi>>iv`L}v>V/i>>>Li>ii`ii>`
L>ViiVi}iiVQ{R
/i>iiv`i` Vii`Vi]i}vi>v
iV iiVviViiVii`>>L>iii>ivi
i} viViiVL>`V>vi`i>i>>
>>viV]Li`i>`}V>i>Li>V>i`v
>}i>V>iVViV>v>>>ii>}
`>Liii>iiiiii>i`L>Vi]Li
Vi L > i i>}vi v iiV > >ii >>
i`iV`vii>`V>Li>vii` i
>V>}iLi}>`i"]iVi]iiV>
vV>
iiviiV>>iiivi>iviii`i
Li>Li `i>`iiii]iV>ii
>Lii>i`*>vi>i} iv}i\

/iiv`iiiViV}

U 7 V i`iii` >] `i V iV` >` >


v>i>iiiViV}V>Vi`iVi`iii`
U 7>>iii>>i `iii
U iiVi>iVvi`
U 7V>viiii`>i>iV`ii`ii>`i}
Vi>i`]>``iVV``iiVi>V>>i>Vi
U ii}i>iLiVivii>V`iii
U 7Vi`>`i`}iiviiV>>ii
U 7>>i>`ii>ViVi
U Vi`iii`>]`iVV`>`Vv>i
iii`iii`
U >iiii`LiiVivV>i
/i>iiv>V>iiV>>iiiv]>>}i
ii]>LiVvVivVii>`iiviV>i`i
V>i}ivV}ii>V]Vi>`iiV>>ii
iiVvi`L iii>>ii>}>>
i}iViiV>VViiV}>>ii>i
V>i>iviiii>i>iVvi`iv>V v
iiViV}i}iiL>viiVi>`iiV>
> iii>V }>]>>i}ii`i
i Vi ii }>] i iVi iii` L L>V}`
i`}i q L>iiiViviVi>iiiVi
}iviL>Vi`}i}]iiV>>ii
ii>V>``iii>iiiVi``iiL>vVV}
iVi>>Vii>Lii/iViiViL\vi
iiVi>i`i>iiVi>ivvViii>Vi`>`i
viV}v>V Vi>`ivi`>`V>vi`]iiLii>Li
iii>Li
/ >`i Vi> L i `iii v i > iiV i]
ViiV>>ii>>`iVViVi`7i}>`
`ii}i`iii`>iiViiVi]i>vV>
V>}i`iVivi\iLi}}i>>Li>LiVi>i
`>Lii>iiV/`>>`>``ii
QxRiiViV]VL>iiV}iV>
iiV>]iiViV}]i>i`ivV>>`ViL>i`
>>]iiV>>Livv}>`>}QnRii]iiVi
`Li >`>>LiVV>iii]`Li>Li>i
``>> vi>}>`>`>> }iiviiVi
QxR
iV}V>iVLi`>ii]i`
i}>LVi>`iiV>iVi ViV}V>V
i]vi>iVi}ii>/i>>>iii>>

-iiV/iV}>`-iiV+>*iVi

Vv}>>vi>V`i>viiiV>`>>
}i>>iiv>>iiV>`iVV>QR/
>>>i>L>`V>i}}>]LiV>ii>V}LiV
V>`iViiviLv>>>>iVV>]V`}i
>>iViiVQR / iiLiVi]iV}iLivi`
`i>i`i`}i/]>V>]>>iviiV>`VV>
ViVi
"ivi>>vVi>`iiV>>ii>V>>
>`>>iiLiii>VViiV}>>`iii >
ii >` Li> / i> > iV> `Vi` }> >i
}iiLiVvii>V]Lii>v i>ii ii
>Li]>iViiV>>>`>>}ii>>iiiV>
i>i>>i>`i`Vi>ViiVi]>>i i`v
vii vi> Vi V> Li `i>i > `vvii i V> Li
V>i`i>Vi
i`i>V`i`LiiV>i/iiii`i
VLi`ii>ii` >ii> viiVii>VV`}
i>`>`iLViVi>`ii>V i>iiii>i>`
Li>>`>ii/iL`>iv ii`vVii>`i
iii`ii`Lii`>i>>``ii` /`iii
i}ii>>Lii>``>>]>`]>i>ii]v iL>v
>`i>i`VivV`iL>i iV

{-iiVi>``vvii`i}>
7i}>`iiVi]i}ii >`ii>iV]>
>]V> V>v>]>i >Vii]i>` i`
V>ii>} vVV}>iiVii>i
>V `i> v i iiVi v iiV >` i > V } iVV>
i>ii]LiV>i>>i>>>iiV`Vvv>
i>iVV>i>v}iiiV`]>Li]`-iiV
`iVi`>>V>}iiiiiivi>>LiV
>i}iiv`>`iiVi-iiV>Vv>}
iviiV`]L>``> iii>ivVi>`i>
}1`i>`}iiV>>i}i}>`i`V}`>V
ii>VLiiiii>`i>]ii]iiV>]iiiVi>`
vii}/i iiL> Li > iv>Vi>i iiv>
i>i>i>}i>}`ii`ii>iViv`ii
}>iiViiv>V>Vi>>`Li

-iiVi>``vvii`i}>

{/iviiVi\ >i>`>
iv>VviiVii>ii>V>>L
i>}iVV>i>/i}>>L`>vV}`ivi
>iiV}> `i}>ii`}i>iiV`V
i`
Li}>LLi}iiV`Vi`\-i>iiv>i
>>>>V`i/ii>V>}>i`i>
}>Vi>Vi >i>`Li`i>`>
Li>V>i`ivv>>V`iLV>}i vi`
`>}>v>V>>`iV>}i>>vVvi/V>}
i>>ii>Li>`iVViVii>i>V>}>
QnRii]i>}i>`i>Vii>iviii]>`i
i>i>Li}> ii`}i>]>`i>V
iiLii}>i`Li}/`Vi>>>v]
`>i`Li}>v>V>]>Vv> V>Li>i`i
i`V>`>Vivii>>>v>ii>`>}i>
>ivii>i>}>Li]iV>Li
iVii`]>>i`>``iV`i`>iiV`Liii>`}>
/ii>iLii>>iVV>iiVii/ii
vii`VV}>Viii/>iv>>
V> `ViiiV``ii`iv>>V>}>/iv
VVivViii>>`iL>ii>QxxR>ii
VVi` > >>Li >VV i> i v > > i >
V>>Vi>v`i>}V>iV>>ViLi
V>`iv-ViVi-*iiL}7iiV`>vV>`i>iL
i>v>`ii>``vviiVi Liiivii`ii
>iiV>ivQxR
iiiViiivv>iii`Qx{R] QxxR i>
>}i``ViV>}>>vLi]>iiV>Li]`i`
ii}>``iiVi/ VVV>Liii} {
ii`i>`Vi` ivv,iiV>V>
V>>Vi>iV}>Li>i> >V>>V}i
}`i>iv v>`Vi`Li`iVi`V>}i
>vV`Li>vi`i}iiL}>iiV`
V>>>ivQxR] QR]Q{R/i`>`>>}iviiV>V>
VV>>i>`Lii>i`L>>/ i>>ii
V>V>iiViiV`vi> q v>> q v>>
>Li>/iiv>>>>Lii>v>Vi
ii]i iV>ii>i>`>i>i`>}>`i
Li>Li`i>`i>vV>iiV`/iiivi`v

-iiV/iV}>`-iiV+>*iVi

}{-i>}>Viviiiv]iVVi`Liiii>>
-iiV,ii>V>L>] `>i]}> iV">QnR

iiV iV}i ii VVi` > i Li > v >>} >VVi>Li


iiV>>Viv>`iV>V>Viivi>>V
>>V
/ > V>}i` i }i > >`i iiVV> i}ii}] >`
iiVV>ii`iLiviiVi/i>
> }i V i > V> >V > >VV>i > Li i>`]
ii>V VVi>i` `V} >VV iiV }> > V` Li i>
`i`>ii>ii V`LiLi>Vii`LV}i
V>>V]iiii``Lii>Li
V>>iiVViVVviiV`]>}i>
i>>`iiViiV}ii>>iiV>]v
i>i>Liiiii}}iiiii,i]
i]i]i]i}]>` -v/iviiVViiV
V``Vi``>`L> ViiiiViviiV>
i`i/iViv>`i>i` }{/>vi` L
ii>V>``iiiv>i}iViVvii}i
Q{{R
/>i\/i>`iviiVi`iii>>ii
i`i`VViv>>vV>ViVi`V>iiii
v>Vii``>>V>`iLi>Li
Vi>Li>`>i}iLii
/i iv>Vi Vi v> i>i` v i iiV ii L >
i]`V>}iiVV>>ii>iLiii>Lii>Vi
}ii>ii`]>Li}ii>i`Vii`Lii}`

-iiVi>``vvii`i}>

}{-Vi>Viii>v>`i>VV `i]>vi/>VQx{R

}>>iivi/iiiii}ii>i>Vi/ii
>ii}Vi>]Liivii`iv}>Vi}i
i>iVi]ivi}i]>>iV>vV>Vi
7i `ii} i i > >> >Vi` >>} i
`vvii >iV v > v Vi }ii> iVi  }ii>]
Vii>i>>vi>ivi>Vi }ii >`ii`
i >V> i\ i }i i ii v i}L] i Lii i i
>>i>n{ `iV>i`v}i>i>iLi>`i>}
iiV>\ ii>`iviiiiiV>>`i
i` v i>} 7> i >L i}L v >i}
iViiVi}QR
vi i>iViiviVVi>`V>i>>
Lii`Vi`v>]iViiVV>>vV> iiV}>`
V>iv>i>i>viVi}ii>`iVi/i>
iiiv>ViVi}ii>iV}Vi`
>>ii`>Vi}ii>iV>Li>}`>ii
>`>}`>i>vi/i>>`i`>

-iiV/iV}>`-iiV+>*iVi

>v>Vi}ii>}`iVi>>}>iv>>
vi7iiViiV>>iiii>iVi>i
>Lii`\
U 7> `iiiii`> Li`iVLi`iv>>`
>
U
>i> viLi`iVLi`>i>Li
U 7>i>iiLiiii>vi>`i>vi

U 7>`iiiiV>]>V>iiVi}L]`V>i
/jVviLi}}viiViiV}>iVi>
>]>v]iii>Viiiiiiii`}ii>}`V q
iiLiVi>LiVv>` q >iVii`>iiVv>V
ii>i>i>i`v Li>V>*vv>L
>i>Viv>]>`iv viiiVi
i`]>>ii >``iLivii]}> } iii`i
vV>ViVii>}Viiii}VvVi
vViiii]i >>>ii>v>
>>i>`>`>>>Li1}i}>ii`i`}i>i>`
>Vi`V>`>V>>v>i>
VV`}i>]i>iV>Li>`v>v`>>V
iivi`viiViV}/ii>i>i`>`i
>i >ii` i v Vi Vi>i /i >>Vi
`iiiVi}ii>iV}vi>i>>`iviV>i
>i` V>>ViV i iiV }> v v ``> i>i >`
ViiiVViQ{R]QnR/ii>i>>ii`i
i>i`>>``]iV>`}V>Q{xR]QxnR-Vi
>iiii`>>}iL>VVii]iV}}]`iVL}>`i
>}iiiVivii`iLi>Li>i i}i
>iLi}>`}ii>>iiLi>ii`]`i
iii}vi}ii}``>iiViV}`iVi
Viii>iivi>v>V>ii>`iiii
>viiii>V>`iV}\i>vi>>`v>V>
>`V>VViiviiiiL}Li>L
>}vVi]Lii>V>`iV}>iVi`iii
`Vii7 ii`iVi>}v>V> >`i]} >
i`}i`Li`Vi`/i>>viiii>V>i >i
}i>V> Vi >`V]iv L i``>
>`Vi>>i]iiLii"viiiiivL>
Vii>Vv}i}i>v>i>i>`>i
i>V}iii`}iVi>}Vi``i}}`V

-iiVi>``vvii`i}>
/ivi}iiVi`ii>iL>iiiVi>}>>iVi
iVi`Lii>`i>`>`]ivii`i`ivv]L>ii
>
>>iV`Vi`>>VVi>`iiV>>i
i>ii}ii}`V/i>v`>iiVii
i>}>Vi vii>i`iivi>viiiV
`>>iii`/iV>>`i i>v>>
iiV7i>>}i >]iii`viii
i>viivvi>iiV>> iiiii
>>i`i}v>>i`vv]i}ii>V``i
Viiv>`Li`i}i`>i`>i>ii
Viii]iv}iVviViLi>vii>V
>`i`V`i}`Li}i`\
U 7>Vi`ii`i}i>>i >`ii
U Vi >>>Liv`i}}>
U 7>v>V> >>>Li
-v>i>Vv`V >Viii`i>`i}vi`}i
>``Viv>>iiviiViV}Vi]i
iiiiV>i`ii`vi>i>>>i/>iV
vi>Vv`V iv}

{ iiViviVi>`iiV>v>
>>i>`Liiii`]i>v `i}}>iiViV}
`VLi>VVi]v``>>iiV>>i>>`i>i
>>i`>`>i`iV}viiiViV}`V>ii`
i>>ii>i`iVi>>`Vi}viiV]iiv`>
i Liii ``> > iiV> >` iiiVi >V>
} iiViviL>v`>V>ViiV]`vvii`
vi>i>`i``>>vi>}>viiiViV
V>]>iiV>>>ii} `iiiViviV
i>` iV}V>i`}i/>i` iv} i>i\
7i `}> v} >VVii>`Vi`]>`i
Li>viV}LiV>iLiviii>VV }>>`
iV>i>vi>> `ii`]iVi>V`ii`i
> ivi>>`LiiLiviii>VVi >VV}
>iii>`iiii>i`
iLv }>VV}>>V`ii`Liiii>`
>Vi`/i>iiV>vii`>`i>VVii`iiV`>
v>Vi]LiV>ii>V>>LviiiV} >`

-iiV/iV}>`-iiV+>*iVi

iLiiV>i`i/i`iViiiiv>>
>Li>`i`Vi]>vi>iv> >>L}>i`i]V
>>}iV>>V>`> viiiV}>
Vvii`iii]i`Lvi>Lii`>
i>i`i>`v>vi>VV}>/iii``
iiVi>i>v`>`iiVi>i`>>>
i`iViv>V>>>VV}>V`Lii`>`>i>VVii`]
>`>iiv> V`LiiiVi` Vi
7ii>>Lii>i]i`iVi>i> >>>/i
>iiiiViviV}>iiV>>iviiVV>Li
>`i`i>iiV}V>}i >VV`}/i>viV}
`i>iiV >"i>>vi>i v` >
>i]>`>Vi`v>>V>>]ivV>>
>V>
/`>iv`V>i}iV}V>ii}ii
i`>Vi>i>i`
>`/iiiVi`>ii
vi> `vvii>> iiVi`>iLi}}vi>Vi >
>iV`ii`>`i>i]ii>iiiv>V>iiV
i /`> > `vvii >`>` > i > >ii` /i >
> vi>iv` V>iviiViV`}iiVi``>Vi>`
iiV>]>LiV>i i>}i>`iV`}Li viV
}>ii`v>Li`>>}>i>}i`
/`> > }i Li v iV}V> `iVi >i vvi /i >> V>
>` >iV>i ii i} i i> i> ii >
Vi>Lii>vii`> `vvii>V>/i>
>>iiViv>iV}vi>V`i]>`ii>
>}i>>iv>>i]>ii>i>V>v>
i`
/i>iii>Vi>`iV}>Li\7i`i}}i
i iV}`i}>>]ivi`i >i
>>i>`>`i>i>iV`i>>i>i>}ii>i
iiV>>`>iiLi>>ii Li"ii` V>i>i
i`i}ii`}i>`i}Li>Li}i`V
ii>V/LiV>ii>i>Liiiii
vii]LLiV>iiV>>iiiiiiv}}
ii>`V>iiiiv-iiiiii
>i>VV>i`ivi`]LiiLiVii>ii>]Vi]
LiV>i`iiV}V>>]vi>i\
iiiviiViV}iiviVi>i>Vi
i>iiiVii>i>iiV`i>`}iv>Vi
V>>Li>>ii/vVV>>Li>`i>i`iVLi`
ivivi>iii]ii>iVi>}>>>V>`>
>>ViV>/V>i>iv>iiViv>>Li}>

iiv>viiVii

i>]Vi}iiVV>}}`>iV]Vi}>}V>
iiVii]i>}>i>V}i>>`
V>ii>}
>V}`i`}iviVi>`viLi viiV
iV}ii>Vv>L>ii>}>Vi>L >`> vi
iiiV>v>iiViV}iLiViVi`/>
>ii`i}>`i}iLiiviiiiiV>
ii>>}ivii>iiVV>ii>i`v Li
i>ViiiiviiiV>]ii>}}i`iV
i>>>}vV>iV>Li]>`}>`>i>>v
i>v>v}iiiV>
i>iiiii>ii>`>>iVV>vi>
Li>`VVi>iiVi>>iV v> vii}i>V
V`>viiiVi`>ivi>Li iVV>>/ii
v>VViV>Li>`ii}>`iv>vii`
LiV>ii}ii iiVvii>`V>iivi>V
>iiii`L>`iiv>Vi}i`ii`}i
vi`>i>VViiii]iV>LiiiVi`Li>
i>i}>`}iiV>iiiiiV>>i>``i
>V>i`i/i}i>ii`i>]iiiiii`ivviVii

iiiLiViVi>>>V`Liiiii>V]`i
ii>`>V> ii`}>>i>iLi>>i
>`>>i>ii`]i>iiiiLi }L>`i]
Li `iLii>i]i>L>

{ iiv>viiVii
iV>iiiViV}i>`i>V>i`iiiii`
viiiViv>`i}``> iii> >`i`i
L>VLi i}LiViiii>`>i`Li>i]>`i
viViviii>`V`ivi>Lvi>V}ii}>>
`Vi`
/V>i>>}>L>>VviiViV}i]
}iiVi>>i>i"i>vV`i>`i>i``i
V vi]>ViVi>`

{/ii
}ii>]iiiiVi `i`>>>v>vv
>V`i`i>>VV>>VViiV}>i>i>
L} i} > >i\ /i i iiV i vii

-iiV/iV}>`-iiV+>*iVi

iLVVi]iiiVViVi
}ii>iVi" iiVi>Vi`>viiV
i > iv>Vi i} `>}] > >> i
>viiVi>`ivi`>`>i`L> i>L`iVvQR]QnxR]
QxR]QR
LiiiiiV`iVi-i
i`>>i iiVi>`vvii>iLiiiiv
>}iv>Viv>`vvii>>Li>`i]`i>VV`}`v
viii \
U
U
U
U
U
U

>>i`iiiVi
`>}iiVi
VViiiVi
iiiVi
iiiiVi
>>i>i`i

i>iV}i>ii>iV`i>Li`vviiViLiiiii
Viv>>i`iiiV>>i>i`ivi
ivi`L >>>i`i]iLivi>iV`i
>L }i> Li}>>i>i`L>ii
/i>Liii`V>vV>iviiViviiiVi
iv>Vi>`iiviV`i>viiVi/iv
}V>vV>}i>>`iVQR]QR ``i`\
U >Viii>VV>Viiv>i>i`V>L
>
U iiiVii>`}>`>i>i`V>L>
U VViiiViiiVv}>}V>>`i>VV
Vi
>V>Vii`iVi>i>i`iviiV]i}iiV
i]>i`/`>i>i>`}>i`>`>VV>>
i``i>` /i`iviiii Vi`]L i
iii/i>ii`LiiviiVivi>`>`iQxR
>ViiiV`iViV>]Vi]i>`>`iiVVi
>Liii v>>}i >}>}i > iii>i
Vi}Li} >>>viii >`i`i>VV]
iV>V>i>iiVV>]i}Vi`>>V>i
VViiiV`iViViii>}i>i`iV>iiV>
i v `vvii i `>] i} v > i>i viV> 7iv>} >
i>}i]`>>viiV }>}ii>>i>VVii`]>`>i`i>i>`
>VV>}ii>i`

/iiiVi\ /ii> >iiiv>


/V>vV>`ii`>VV`}iVivi`ii`i
iv>Vi >iVV>vV>Vi]LiViVi>>i
>i}>]`Li>>`i>i>iiiV>
i}vi>`>ii>}i>iVi>
>``>LiivV>i}ii>vVvi
i>``iv>` `} Liiiiv}\
U i>}>Vi
U iiVii
7iiVii>ii`V`vviiiiV>`>}>}i
iV}i>ii`}iiViViiii>}>Vi
/ii>ViV v>vV>iivV`V} >vV>
iiVi
iv}iiiv>v>ii>i`Vi`"ivi
Vi`ii>iiiiiiVivi
> i>ii>v>iiiVii]V>Lii>i`
>i>}ii> Li>vi`

{{/iiiVi\/ii>>iiiv>
7iiviviiiVi/ii>iV>i`]
Vii`>`v>>VV>}ii>i`>iiV q i`i>
Vii>`ii>``iLi>Li`iVLiiiiv>Viv
>iiiVii]iVivi>`}>`>>Lii`>
}i>i`i>
,i>`} `>>i>i/i>i}V>i>i>` >
V>>`i>}>iii`i/ii>i`vvii`ivvii
iiiii`i>>vV>iiVivii
}Viii>Vi>iQR
7i i V v V> } i i >i iiVV> i`
/ii } V> i `vvii\  i i i i >i> > > i
iVivii>`V>>]>Li]>]iVV
Vi>i>}}>V>`i}]L>>>`vviiV>ii
iV`}>L>V>`i>VVi->QR`vvii>iLi
iiiv}L>Vvii`>>\
U
U
U
U
U

i>>`>}i
>L>V>v>}ivi>
LViii>vi>> V>Lii`
V>iii>v vV
iii>vi

-iiV/iV}>`-iiV+>*iVi

U iii>vV`i
U iVV>iii>
U >Viii>
>}`ivi`iiii>vV`i]iVi>ii>`>i
>v\}ii>v]i>`}V>Li`ivi`>>>>}v
>`i>iii> > q q iVii` >i
v>Vi]L>>}V>iQR
/i}V>iiVi>ii]iLi}Vii`i>`i>
V>vi>}/iV>>Vivii>`vi}iiV>
i>`}>ii>`}>i}`vvii>}>\ q i
v>VivV>>vi>i>>i>`V>LiV>V>i`Li
Lii q >iVii` >>>>L>}V>iQxR
V>Li>VVii`LiiLiivii>>ii]ii
i`i>` > >L>}V>iiLi>Li i
ViviiVii`v>Vi/Li>Li`iLii>i
}ViViiL>i`viVivii>
Liiii}V>i>`iVivi}>i]Vii
Li i i}V>iV>Li`Vi`]V>iLiVii`>VV`}
iViiii`Vi` *>i>\v`i
iViViV>`i>`>ii
>`iiiViVii`ii}iiiV
ii>Vi>>Li>` >`>`>
v>>VV>vi>iiiiv>ViV>>Livi
iiVi]i>>`>>>L}>>`v
viii>`>iiiVii>ii>`ii
`iLiVvi >ii]>ii`>Li]>}V>i>
Viv>}V>iv>>Vii>`i} `]vii
`Vi`>>v>ViVi}V>iii>
vi`i}V>iii>`>`>v>Vii
Vi>`vVvi}>i>}i}i`/ii`iiivi
i>i`>i}V>i7>V>}i`iv>Vivi}V>i
iLi}i`]>` > V>}V>iLiVi>>VVi
ivii>`ii`]iV>}i>i}V>i>
>VVi V>iiVi>i`iV\7ii
>V>iV>ii>ii v `i>`ii>}
vi}V>i>`i`Vii>VV}V>i]>} i
`VVii>iiiVLii>`>`,i>`}
>`}i>` >` Vii>`>V>vi>}> i
`V>`iViViii`>iVi>i`}{vi
>i>`i>`}{{viiVi

/iiiVi\ /ii> >iiiv>

IRUP

VLJQFDUULHU

$87+25

ZULWWHQWH[W

PHDQLQJ

IXQFWLRQ

FRQWHQW

VHPLRVLV
VLJQFDUULHUSURGXFWLRQ

IRUP

5($'(5
PHDQLQJ

IXQFWLRQ

FRQWHQW

VLJQFDUULHUSHUFHSWLRQ
VHPLRVLV

VHPLRVLV
VLJQFDUULHUSURGXFWLRQ

IXQFWLRQ

FRQWHQW

PHDQLQJ
63($.(5
VLJQFDUULHU
IRUP

VSRNHQWH[W

IRUP

/,67(1(5
PHDQLQJ

IXQFWLRQ

FRQWHQW

VHPLRVLV
VLJQFDUULHU SHUFHSWLRQ

}{/i}]i>`}>`]>`i}\Viivi

>>}i>Li>i>>i>`}Vi]i>>i
iiVii>`>`V>Li`iVLi`>v\>iiVVV>
}v>`i>V>ii>Vi>i`>>v>Vi>`
>>}V>i
iiViV}iii>i`>}iVvV>
viiVi}ii>viViViiiVii
i>>i>iviiVViiVi}ii]>Li]

-iiV/iV}>`-iiV+>*iVi

IRUP
$87+25

PHGLXP
ZULWWHQWH[W

PHDQLQJ

IXQFWLRQ

FRQWHQW

WUDQVIRUPDWLRQ

VHPLRVLV

PHGLXP

VLJQFDUULHUSURGXFWLRQ

V\QWKHVL]HGWH[W

IRUP
/,67(1(5

PHDQLQJ

IXQFWLRQ

FRQWHQW

VHPLRVLV
VLJQFDUULHUSHUFHSWLRQ

}{{/i}]i}]>`i}\Viivi>`>v>

`>iiviii`Vii`iQR]QR/ii`v
iLiivii`>`i>iiv}`i> ivi
iiV>>LiviiiVii
iiv>`i>i>iiiVii]>
`vvii i iv>Vi >i ii` >>iV>>Li ii>`}
>Lv>>Li}\*>Vi`i>`iiivii}
Vi>i`>ivi>i>]i]Vii
v>}i}>>LViVi`iiiVi]iiV
>>`L>Li/i>Vi`i>`i>ii>i}`iv >
>`iViv>`i>i/iiViii>VV>iV`
i`ivvVi >`i>}vi`}ivii}`i`iViVi
,i>`} >}>v``>iiiii>
i>`}Vi\
oi]>}i>iVi>i`>V>i vi]ivviVi
QoR/iiiiv>i>Vi}>iiii>`>ivV
>ivviVi>i q V}V>`>VQoRQR
`i>iivi> vivi>`iiiViviiVi/
VL>i iiL>Vi VV>>}ii>`}
Vi]V>`Lii>}>`>}ii

-iViiV>>V>>}

QRii>`i>`i>` iVi>iiiVLi
Li > >Vii>} iiQR
/i>`i>i>>]>Vi>ii]>ViiVi >V>i v>
>i>V]> >`>}>V`iLi>Li>Li>i>}
ii>}ii>ii>`}>`/VViiViivii
i> i>iVii`
 i> i > iii > >i ii> `i ii`>
iiV]L>i>ii>iiivi}ii\ii>}]`vvi
iiivVi]>`ii>iLi]i>i}
V v /i i>`i v > i> i iiV ii iV
>>iVQoRQR
/ii>}i>`i>vviLi`i>`}>i>i>
Li Vi> i`V ``> i `i>`} >` ii>]
i>Li>ViiViiLi>V>i}i>}}vViV
ViV iiii>iVi> }`i>V>LiLi
>`>L``iii>i`i>v>}`vviii
>i Lii>`>`L>>Vi>} vi`i`i/ii>i
>i>v> }ii`ii>`}`
V>i]i>``>>iii>>i>`} i>i>`
iiiv>V> `>iiiii>V}}>VV>`i
iiiVi>i`Vi}ii>iVi>]>`
>iV>iiiiVi
> iiV i}ii ii iV V`i> v i `i v
i>`}>`Vii/iV`iiiLi ii`]>i>
>i`]>`iivi>`ii`i}V>i/iv>`ii
}ii>V>>ViVvii>`}Vi]Vii`iV>iv
iiVii>vV>`Vi`iiV`i>V>>`>VQR
/i>ii}>iivvi}V>i>L>V}`i]`i`
>iiiii>iVi>`iv>Li>`ii`>`>}>Vi
"]i`]ivVvV>>ViVvi}ii>i`}>

{x-iViiV>>V>>}
iiiViivvi}V>i>> Vi v
iiV>]iiVii>`Vi`>LiL
>ii/iiii>>i`LiLii
iiV>Lii>iLV}`i>ivi
V>Vi`vvVi>i`ii ]ii i
ii`iiV}>iv>>i`vivivLi}>}
V>i>ii>VVi>i`]>}V>iiv]`]v
Vi]LiLi>`v>`>Vii7ii}iiV

-iiV/iV}>`-iiV+>*iVi

i >` iVii` }> ` > i vqViqvV i>


]>iv iv
i>v>Vi>Vi >` vV]>`
]Vi>Vi >`vViiiVvVv /i>i>vi
}V>iiViiVV>LiV>i`]i>]iL>V}`
i`iV>Vii>i i}>`>> vvq
ViqvVi>
>iiiViiii >>i``Vi>VLiiiv
Vi>v}V>i>`iVi>`vVVi>i`i}]
i`]Liiii>VViVv>`iVi>`
Vi>` ivV>`iv / `Vi>Viv i
v>V > i ii V>>Li v > iiiV ii >i i`
i>}ii>>vii]Lii`vv> ii>
Liiiv]Vi>`vV}i`]Liv>Vi`i}iv>
i vi>i>>ii}i} i`>ii> v>iV
i Lii}i\
ii] > > iV iiV] >} `i>`>Li] `
i>>>`}i>V>i`-Viii}Lv
iiiVi> i`V`i>L`}i>ii>]
>i`Li `iVi`i>`iiv>>i
>`>VVi>L v>vVi>i]V>iVvi
iiV}>>iiLiviV}vi`QxR
/>Vi>ii] >``>>>V>}ii>i` >VV
iiV}> iivi`iiiLi>VV>ii>/iV
V>ivV ii`Vi`iiVi}v>QxnR
}
iLi > >ii` `iVV>i
}]LvV>>}
iQR`}i LiiiV>>}
>`VV>i}>v\
>>}>i}i>>i
`iii``ivV>V`>ii>iiii`ii
iVii>Li>iVi>iv>>i`ii>
viV}iVi/ii`i>`iVii>i`ii`ivi>Vi
>ViiiLi}iV>i>`>iiiviV>ivv>

V>i } ivi > >Vi i`i i VV>i


i}]>V>i}Vii>}iLii]>` >iVii
Lii>Vi`Lii>}i>`Vi
QoRi`VLiii`iVV>>QoR>`VV>QoR
>iv >i] i>Li]V>iivviVi>]iiV`
>L>LVV>iivviV i>QR
/iiviiii>`>`L>>Vi]>>ii]>i`
]>i>>i`/i>vi>vv>>i>Viiii
i`iiViiv>Li}viVi`/ii`iV`Li>i>
}i>`ii`>>viVViiiVii}

-iViiV>>V>>}

i>i`ii>iv>>>Vi>iviV>ii]>
>i`>iV}LiiVii`L>iiiV
i i7iii `vviii>iVii`L>iiV
ii]iiV}>>iV>>}]LiV>iii`iii`
i`ii>i`i>iViiLi>iVi>i/i
v>i>ViiiViiivv>VV}>]>vi>Lii
>vi`Li>Vi7>Viii ivii>`i
ii`iiVviiiv>V i v>Vi`i}vii>
>LiiV>}i` iV>>`>VViVi>>v}>
>iivVv>}v>
iViiV}>>iV>>]ii>>>iiV`>iV
V>i}]iViiVLiVii`i>>iiV*i
i iiV }ii> iiV >> iiV Li i LiV v
iVi  i `] iiiVVV>i }>`> i>i
>VV>ii} q >i>i>ViVV>i i
ii7>vV>`Vi`iiV]i>ViVV>Vi
ii` >\/ii>i>`ii>i ii`]`iV]
>iV>V i>Vi>>ii>`>iV
iiV
/Li>Li`iVLii}Li>]iii>`iiViiV]
i>}iiLi>iiV>>` }V>ii
i>>>Vi]}iVvV>>ii>i>`ii>i
i>iiiiiViVV>iV}i/i>`>>
i>ii>}>`i}Li>iiViV}
i` V i >i i >`>i` 7i iVi} iV iiV]
iiVVLi>>i>V>>iV>>LiiiiiViv}
ii>`iiVi`Li}ViVi` >>i}>Vi/ii>i
> i>ViV>`i>`i>`> ii}ii
>}i/i>>ii`i`iViiii>}i>i]L
i i> >i `vvVi ii} iii > >i >
i`viiVivii>}iiiiiVii`i/ i`}i
>vviVii>}Li>\/ii> i]i`]>`VV>
ii`Vi`
/`V>i>vi>iVi>`vii>}i>ii>
>i` >>>`i>]i>`>Li>LiV>}ii>}Li>
/>vi>}vi`iVLi`>>>`i>i]iii
>VV>iVi-i>i>i `ViV>>}]Li>
iiiii}V>iLiiVii`>>VV>i
}`vvivi>VV>i}>i>i >iLi
`V}V>>}]ii>>iLiVi}i/iii
V>iLViii` >iV>ii>vV>>ViVVi
ivi

{{

-iiV/iV}>`-iiV+>*iVi

7iViiV]iVivii>}i>`iii>i>>
>>` i> i>>i`/iii>iv>i>>
} v > >Vi >` i Vi i > V i ii` iiV
``vviv>>i]iVvV>iiiviiVi>`iVi>i
iiVi> iiiiiiVi`vvViiVi]vi
>iLiV>ii>Viv>Li}iii`ivq
ViqvV i>>i`
7ii>`}>`]ii>iLi>i>>Vi>viV>
i]LiV>iii>i>iiiiiiviVivii>}i
i>vii/iii>i>VVi`ii>`iLi}Vi>i
>`VV>i >Vi/ii>`i`iViii i
>>VVv]L>iii>`Vi>VVV}Liii
i >ii>}i>`Vi>i>>i`ivi ivV v
}V>i/iiiV}>>iiVii`]`i`>`iii`>VV`
}-iiV]LiiV`V>`iVi]>>VV>i
Li>
ii iVi > } >} >> iiV Vi}
/i>>>iiV``>]i>]>`VvVi>
i]Livi>>Li/iiviiiiiiVL>>>`
v/iiiV>V>>L>i>}>}ii>]
>`v>Vviivi>iVVii L>i`
QR>L7>} `iVLi >v\
/iii>vViv}Vi}>]i>>Vi
>`ii>>]>iiii>>ivi>Vi]>`>
i`i`i>}}i> q i}ii>> q viv
iv>Vi>`i}>`viii`ii>i
v>}>}iiL`iv>Li]iViiv>
``>ViVi>}>}ii]>>]iLi>V
>`Vi/ivViVvi>>LiVi
ii `i>`iV>iii>>`VVii}L
`i`vL>i`iviiViQ{R
6>>L>`v>iiiviV>>ViVvii>ii`
Liii`>L>
vvii>ii>i>>ii``vviiVi>iiV
V>]>iv}ViiV>Vi>i`>}
i>V}i>i]>`>iviVV>}>``iii}i >
}iVi`i>`iiv>Vi>>i]iiv>iiVi`
>iLiiii`>>i>}vVVi]>`>`V>>i
i>i}>iiVi,>i>>L}iiiVi`
VVi>>iii>i>iQoRiiV>Li

-iViiV>>V>>}

{x

ii>ii]>``ii>ii>}`i
iiiiVi>`i>iQ{R
7i>>}ii>`>`L>>Vi] `iVVi>Li>ii
>>L>` v >i>>} >`ii`/iiVV>
>iiiVi>i>>`i>iii>vii>Vi
>iiVii`i/ vii>`VV>iiviiVi"L
i>viii`i}>` iiviii`iiV`
>iV>}iV>}iiiiVi>`V}ii>iv>Vi>
>V>>>`>>VV>i}
*ii`>ii>i>Li}ii>i>> vi>}>V
ii>Li>>Liv>Vi>VV>ii>V>
ViQnR-ii>iV>>Liv`i}>i>vi>`}
V`i>i}V>`iViiVi>>Lii>iVi
Q{R]QxR/iV>}ii>iVV>i}
}i//-iiv ii> i>vi>`} >`
v>>i>i>}i]i`Vv Vii>
>`}iiV>`ii>Vv}iiii>V]>}>
V v> v }>V i] >` >>i i>>
iv>VV>>ii]i>>V>i}iviviQR
i`>`ivV>Liii`>iiV>vii
L i`Vi>iVVi>Li]``>iiVi>>Li
>Lii>`L>iiiViVi`iiv>V]>Vi>
ii>i}`v}>>>i`i`>ii
i]i`>i>`iii`>i`iVQx{R/iii
iv>i`iiiVi >v`Vi`
V>ViLiV>iiiii`i>>>iiViVi
-V>i`Vi>i>i>VV iiV>i]
L q >`}> q `iiviii`V>`i
Viiv>>iiV
Vi>i>`>ii`iiiiV>`Vi`i
ii>iiV>ivv> ]V>iiiV]
iViiV >}V>i>Li>>}iiL>Vi>i}i
i>Li`}V>i]>i>>iiViviVi>>
`>i>i`i>}iViiV>>}V>i>`ivV
`ii`i] L > `iV> } > ivi >> iiV] >` >>
iiViv>>L>}V>i
"i}i>iV`i>iiVi>
>Li>`ii viiViL>>}>>iiV]>}iiVi
>V`>`} iviVV>Vi/ i>iiVi>

-iiV/iV}>`-iiV+>*iVi

v`ii`ii`iV viV>``ViiV}>v
i>VV]i>V>` >}>Vi/ii LiV>vi`>`
iivviV>ii`
i>>i]`iVi>`i>>i`i>i>i>`>``ii`
V-v>i>ii>Liiii>ii >V>Li
ivvi}ii>i`iiQxR/iiL viV
}}iiL>Vi>iiiV>iiVi`iLi>Li
ViiLi>}v>/iiV`i
QoR>}i>]ii]`V]QoR] Vvi]`iV
v>>Vi]ii]i]>`i]iVi]>`iL>`
V>] L >`iii] >ii] ii}>] iii Vi>]
iVi]i>ii]i>iiQR

{V>i>iii>iiiv>
 v>>`VV>i}ii}]iV]}V]>`V
V>ViViii>i>ii>ViV`i>}`iV`iV
iVvV>iVviiVi7i>i>i>`ii`Vi}ii>
iViiVLiiii`ii>vV>ii>>i
iVi>viiLi>vi`iiV
"vVi iiV>>ii`iVi>i}ii`
iiV`]L>i>}i>}iviv>Viv``>vV
>iivii]i}}>iiiiVi]i>}i]
i>`iiVi>>i/>Vii]iii >]>i>]>i
>`i>i`}ivi>Vii>i>V
i>iL>i`ii]i``>Viv`vviii>i
iVi>iV>}i>LiV>Liv>iiiV>i]`Lii>
ii`iV V>ii>`>>}i>``>`>>}iviV
i Li >ii` i Vi Vi /i > v i ``>
Vivi>>i>viii>vV>>iLiiiiVi`
/>iVi`vvVVi>`iiViv>Vi7>
iiViVVii`]iv`vvii>iLiiiiiii
vi>`iivi\
U iii v i\ i] `i] `i>Li] >Li] `] i
iViv`]>i]iiVi]>>}>]i
U ivi\ii`iVL>i`i}>vV>i`i`>
i}*-"i}>v>>iV>>Lii`-iVV>i
>>iViii>V>i`>>iVi]i}v> *

-iiVi>`>V>i`}>ii>V

viLiviiiviV>Liii`Lvii
Vii/iVViviii >`i>VV`}iVi>i>i`i>
>`iiV}i>i\
U i`ii`V>L>
U Vii>}iV>>V
U >}ii >V>
V}ii>V>i>iVi>>i>i}i>v
ii>>`}Liii
U i>>iiviiii`iiV
U i>>iiviiv>VivVi>iLii

{-iiVi>`>V>i`}>ii>V
ii> i > v ii>Vi ii` i`}i >` iiL v>V>i
}i/ii >Vi} viL>`>v}``i> v
iiiiiV>Lii>i`LiV>iVi>>Vi`>
>Lii>Vii`>`>ii>>>Li"viiii}vi
L>`V>}iiVi}}}L>Vi>iiiii
Li}}`i>iL>ViVi>}>]Lv>`vviiiiVi
/ >iV>iiiViV}i\vii>V>i>ii
>`V v>iLiiVi]iL>ivi`}i>`
ViV]LiViVi>i`VViLiLi
i`i>`>iiiii]>i>`>n{>i}i>
>ViVVii`iiVi>i>viVVii`i
i}>vV>i>`>i>V} i`}ii> QR
/viiV>i`> *i`}}L>ViL>V>``i>}Vi
>}>iVvViV>Vi>iiiViv`i/V>
>iv>i>V}ViiViviiv>Vi]i}vi>v
iViiV\ >VV>}i V>]>v]i>`>V`i>Liv>vi
i]V]ii]i} iv>V>i}i7>>
v > v i i ] > }v > i>Vii v VivV
i`}i>` >iiviLi>>`>>}ivivi`V`i}
/ii>>Lii>V> }iiii`>`i`}i
viiViV}i/vi`iV`iii>ii`
iv>ViLiv`>iii v>}>}ii\
QoR iiVV>Lii>>>i`>>VVii>}>}ii
iVivi>>V i>iVii`iiV>>i
vi>viiv>V>>V>Liiii`>>`ii>i
ii`i` `i`v>iQoRv>}>}iiLii>i`]i
iiiVVii`Lii`>QoRQR

{n

-iiV/iV}>`-iiV+>*iVi

i>>i>VViVV>iViiV>vi`v
>ViiiVvviVivv>>`i>iiv
iVii>ii>>iv>Liii}>i`/iVi
vi>`}>`>i>`}>` i>}>V>>vi>}>V
i>>iiL`>i>/]]L`>i ii
vi>VQxR
,i>`}>`iivi>iiV>Vi/>Vii>>Li]iVV>
>viVi> i`ivi iLiVv>>iVivi
>VV>>V>>V>Li>i`>iLiVv>>]i>`}
>`]>V> >VivV> VV>Liv`vvViiVvV
iiV>V>i>V>viiViQR
vi}>vii>ViiViiiLii>`i`]i>i
``iviLi>viiV>/ii>viiiiv
vV]ViiV>ivi >V>iv`Vi}iiiV
ivi>V>i>Vii`}i>`iivi`iV`i`i
ivV>viii} ii]iV>ViV>>
Viii>iivVivV}ivi}i>iLiV>i`
`>iv>VivLiiiii>i>`i>ii`
iVi`}>Vi/V`Lii>Liii`VivV
i>iviiVV>`iVV>iVii>
V>]VV>i>ViVi> `Li>>Li >iV
>ivii>V Vi>``iii>Li>v>
i>i`ViVi`>iivii`iiV
iiii
iV `>`i>ii>>i`iViiVivi
Vii>>iiV QxR
vi>>iii>>iiiLi>ii`>VV`}
>] iii`vvV> > vii>V\>`i>i>i
iviv>>i>iLiV>ii>vi`Vi>i`i>]
iVvV>]`i}>`iiV>iii>`i>iiivi
i`i`}>>`>vi}>>iVi>`iVLi`]>`
LiV>i>`>i>>Lii>Vii`i}>>i
>Li>i`]>>VV>Lii` vi>ii>i>
` L>vV>
-v>ii>iLiivi>i i>V>>>iiiVLi>
`vvii >Vi > />>>}vv] v i>i] i` VV
iiVLi>>}ii`i`vviiV`Q{R/ii
ii`i>i`i>V>i>i`iViiVVV>
>i``i L>>i>V`Lii`>i>``i}
>Vii}>`i`i>`vVV>iiiViv
i>>`>vi>`i>iiV>`vvii}i
i]VV>Lii`viVi`V7v>iiv
} iiiivV>\

->

>}i>ii >VV>>iiii]>VVi
>i`Li>ii>iV>VV>iiv>
iVi>vV>}i>V>>>LiV>ii>`
Li`i`7V>>ii]ii>vi>V]v>
>}}>>iVii7>>v iiVVV>Vi
>>i`V>L>]i`i]iL>>}]
ViViVi>vi>V>V>`LV>>iii>i`
i>VviVi`Q{R
,i}i>Livi>v>V`ivi`>iLi``iiiV
V> >i ii] i Vi v> i > > />>
>}vvi`i`ii]ivi>ivVV>> >`
i>>Vi`Li>i>iLvii>`>
Livi>ii`
iiiii>iiiL>V`i>iii}vi>`i}
viiViV}i`>i/i`i>>>>>VVi>Livvi>
iviiVi>>i>i`L>}>}ii]ii
Liv>`i}/>V>iv}>` VV> Vi
iiii >LiV>vV>viiVVV>iVii
vV> vi`v>V>LiivV>v`i}}>VV>i
iii>`>>i>iiV}>`iii]>`iLiVLi
}i>i` >i}i>]>`i}viii`>`i}ii>
V`/i> `ivii}vi>ivi>V> vVi
ii >Lii`i}i`]>` `i} >Vi> vi`iii
>>i>ivi>i>i>V>>i`>ii`
i Li> V> Li >vii` i >V> > }i>
> q i`i}i`iii v>>iiivi`Vivii
>ii>V>/i>vi}>i`i}i`
>>>i>i> i`i}i`>viii
/i}i >v>`i}Vi>`iViivii
i>`vi>i v>>V>Lii``ii>iL>i`V>vV>
ViivV`>` iiiv> >Vi/Vii V
>>Li>}>Vi}V>>Li>`Viv>>i
v>Vi>V>V>Liii>i`]V>iiii}>i`Vii
`i}}>`>i}i>viiVi

{n->
7iiVi}viiiiViiv}>iV
ii`Vi`\
U 7>iii}ii>>`iiV}>`iiV>iiViV
}

x
U
U
U
U
U
U

-iiV/iV}>`-iiV+>*iVi

 Vi`}i`ii>iviiViV}
7>iiiViviV}`i>i
`ii>iiV}i>Livi>`
`i>iii iv>Vi
`i>i>i`i}iiv>
7>` iV`iLiiivvi>iviiV}

7iiV i}vii>Vii`iiii\
U 7>>ii>vii>Vi]i`iii>`i
U 7V `vvVi>ii>` i>iv>Vi
U iii>Vii>iV>V>i>ivviV
ii`i``V>
U iii>Vi`iiiiii>V `iii>
Vi>LvVvii
U i>>iiVi>v]Vi
U `V>`>Lii>viiii i
iLi>
U 7>v>>Li>VVii`LiV>iv
U i> viiiVi`VVi >>`i>i`iVLi`
U iivV>vvVi `Vii`
7iiViiV>vV>\
U 7V ii`
q i>}>Vi
q iiV>Vi
q >>i`iiiVi
q `>}iiVi
q VViiiV i
q iiiVi
q iiiiVi
q >>`ii
7iiVii>`\
U 7>vi>i>iiii i}Vivii
U 7V iiVi`iiii
U 7Vvi>i`iii >iii`iiV
7iiViiVVV>Vii>V>\
U
U
U
U
U

7>>`
>`
/ >`
 ii>}i>i`
7ii>`Lii>}iiVii`

->
U 7>>iiiii
U 7V>iVv>>i
iVL}i}>viiV>>ii\
U
U
U
U
U
U

>>iiv>ii>Vi
>>iiv>>V>i
>>iivLiiv>i
>>iiviii
>>iivvVv>i
>>iiviivviVv>i

x-iiV*iViiiv+>

-iiV>]>>i>V>ii]>vVii>>>Li
i>i`iVi]>>`>iii]LiV]iiVi]iiV
]VV>`i]i`}i]iiiVi]iiV>]iL>>`
iii VvQxR]QnR
/iii>`}i>iiVi] >>iV
>i`L`ivLi`Vi`L}ii}V>>`ii
V>i}ii>>`i>iiL>i`iiVvV>/iv
}`i v>`iVi>i>iL>VvQR\

DQWLFLSDWLRQ

DFRXVWLFVLJQDO

DXGLWRU\HYHQW
SHUFHSWLRQ

VSHHFKVLJQDO

DXGLWRU\SHUFHSW
UHIOHFWLRQ

VSHHFKVRXQG

OLQJXLVWLFHQWLW\

}x`iv>`iiViVi >VV >iiVQR

x*iVi>`V}
iviV>}Vi>`iiV>>ii]iv>V`i
iiii>`V`viVi>` V}iiVivii
vLiVLiiVii`]ii>i>>ii>iViivi
Vi>`V}>i>iiL>ViviiViii`
>`iiV}i>``i>`/iVivVvi`>`i>V
ii]V}>`i`}i ii} i}V>i
`i>V>vvivi>iii
v\`i>iiViii` viviii}>
/i>` iv}ii}V>`i>\
7ii>}]i>}>`V>iLiV>ii
Vi>>iVi`LiV}>i`i
i]viVi>>i}]i>} >`V]ii>vi

x{

-iiV *iViiiv+>
ii LiV VVi 7i V > i V}
iiiiiViiL>L}>i>L}
VViviLiV > iVii`iVi>iiVi
Q{R

7ii}>Li`LiV>iii>`Vi}>>>i
vvii`i}>7iiVii ii}>Li>vi
}>/iiLi>v i`i`Li`i`i>]
>i>ii}>>V>>i>>V>}`i>`Vii>
ii}iv>Li}Li`]>>`i>iVii`v
> i>v i>ii iiivLi
*iVi>>Vi]``>Vi }ii>ii>iL
iVviViiVii}>>`>iVV>>Li]v>
}V>>`i}V>vi]viVi}V}> >>>i
vv>V]ViVi
"vViiViL>V>>`iLiLi}>vvi>`i
i>}}V>]ii>V`*iVi>V>VV>Vi
>ii]iViviiiVi]i`V>>`i`}i]>`
`iii`]vi>i]Li>>`V>v>Vi`}i>`ii
iVi`>i>iviLiVviVi]iiLiviiVi>i
>Vii`}i>`iiiViViiiVv}>>}>``
>iVi}>`ii} i}>/ii }>V>iVii
}>"i>iiViiV>>>ii}>`i>>i>
Vivv>LiVVi>i`>`Vii`ViiiV
>>` >V>>>> i\
7iviVi>>>ViViv} v>}}i
>`iiiQoR L`}>`i}ii]>V`iV
i` >ii`L >i>i]>` >
>i/iL>>}i>v >L>LVi]>`>V
>iL>i`iLiLi>}i>/i> L> >iivv
Viiv>ii`iv>QoRviL>ii
>Livi}>>`Li > i>}i i`iVi] >V >> i
`Vi>> i>LiViviv>Vi>
`>`>VV>i`>] v>>`}]Lvi
}i>`i>iii>V"vVii>iii
>i>i>`vvi>V>L>>
Vi>v}>} vii`v i`>iv`ii}Li
>] > i iV V >i ii v>> `} 
v} >i`i> `i` L`i>`viQnnR
ii}>i>`iVi]>`iiviViVV]iivi
iViVi>LiVv>QR*iVii>i]>L
iVVV>Vi

*iVi Liii``>\ >`>`>>

xx

"iViviVi>>ii>v>i]>>>
iVi>i L``LiV>>Liv>}>>Li
}iv>ViVii>}iViiiLiVvi
ViQ{R
/iv}VViV>Li`i`Vi`v`V\ *iVi>Vi
i>`vi`]i>`ii>>i>Vi/iiVi>ii
>``>v>V]iiviii>V>Li>VVii`Li>vi
viV]i >iiV>v>iiVi>iiLiVi>V
v }] i i LiVi > > > Lii iviVi iVii`
/i>>LiiiVii` >v>Vv`iV]>`iiviii
}V>
-ii>``>>`iVLiiiVi>ii>>>]`ii
iLiV/v>Vv}i>>ViiViviiV>
>ii-iiV>>ii>>>iiV>>iVv>
ii>-}>>iLiViV>>Li`iVvLiVv
iViV>LiV>i`iV>>iVv>>Liii>`]i>>i
`i>`iVL]`>`iiv>LiV]> i
V>Vii`iViivVi>`iiV>>ii

x*iViLiii``>\>`>`>>
``>>i>LiiV}iLiV>i}>iiiLivi`i
i`vviiVV>Vi]i}}]`>Vi]/i>i>Li`iv
ii>iL>}i`>vi>}iiiv>i>]V>iV
}ii`iv`vviiv>>i}i>ii]>`V>i
`Vi>iL >i`i`iVi
/ii>iVi>}>iViVV>ivVi}>
Vii}iiiVi]V}]>`i`}i*iVi>Lii
>`}ii`LiVi]L >Vi`]V>Vii>
>>`
"i}>>iV>v`i`}>`ivi``
>>i>V>Vivi>}iii V>]i>}iv}>
vvi i vViLiiVi}LiV>i>`
`V>i`]iiVi}LiViiVVi>ii}>>V
> i }i>i > v v> > v >V> ii i
*iViVViivi>}>iL>V}`v > >>i>`Liiii
iVi`]i>>`iV}i`/iVi Vi>`ii`iiii>
Q{nR

-iiV *iViiiv+>
7i>iiLiQRiii>v>iiiiVi
QR]i>iiiVi]viiiViviiQR>`iiv
i`i v ii> iiiVi QR i i> i i
>L>ii`viiiViQR>i>V>iiii`i
}iiQxR

7>`iiiiii>i7i>iiVii
`iVii`i>i>>Viv``>LiV>`iiL>
iiV>ii> LiiiLiV>` iiviVi>ii
>i>Vi]iv>iVii`LiVLiiiiViVi`>`
`>i`/i`}iV>LiiV>i`>>>i`>i
/ii>iLii>ii]i}>>`>ii>ii
>}>>iiVii`>iiiii`i``>`/i
>i>vViV}} `>> ivLi>iV
7 i v>i v > >ii v ii >>i i
ViiiViViv``>`iiiViiVii
}>vvi/i>i}Vi`i``iiiiViiVvV>
}i>i`>`V >`iVV>`Vi}>>Vi iV>vi
}>>ii>}>>L>V}`v>iviii>Q{R/V>i
Vi`ii>LiLiVviViLiVVi>i`iVivi
i}ii6iQxR]vi>i]iii>iVv>>Vi\i
V>VvLiViV}vLiV`ii`vvii`>Vi>`iiV
i]V`}V>Vvi>`>i]iV>Vv`iV>`iV
>VvVv>V>iV v>>Vi>iVii>i`iVViv
i>ii>ii>ivLii}i}>
i`] i}] L
> ivi nx QR] > 7iii nn
{ QxR]7v}>}inn QR]>`vv>nn{
Q{Rii>i]i>i>i iiviiVii
>`}>iLiVi> i`
/i >ivVi>}V>v}i>ii>v]
i>]]v>V>Vi]Vv>i>`iiiViQ{R6 i
vii>Li`Vi>vi`V>iVvQRi`>iv>V>>
i`i>ivi``>iV>i`4Lii>v
}i>`i>>>iV`]>ViV V>
vi`i
/iV VVi` L>ii>i>i>}iv>
}>`i }>`>i>```>iVi>iiiii]L
i>LiiViLi>}>i`ii]}>>
L>i vi Vi>iv>ViviiVi
>i>ii}>i`>`>L>Vi`}iiVii}V>i>
iiii>iV>i`Vi>QR]QR

*iVi Liii``>\ >`>`>>

ViViiV>>ii>V>>
iViVVi>>}>LiVii`*iViiiiV
LViiVi>`>>iV>`>iii`}ivi>
>>iii}i`V>Li LiiVii`] vi}>
vviLi>Vi`ivviiV>
viiViiVvi`>}>>ii>iiiVii`Li
vi] > `iL > VV Liii > iVii` >` > > Lii
i>>iiVi`/L>>Vi>LiViVi`VV`}*>}i
>i}i>iLiQR]QR]QR\
U >\/ii vvi Li>}i`ii}Vi>
>iV`i>`i}>i`ii}i
U VV`>\/ii}Vi> V>}i` iV`vi>
}}> /iVi>i>viLi>`>`>>Li>Lv
i}>}>LiiVii`>`>>>i>`LiiiVii`>Lii
v` iVi>>`ii
iViv>i}>*>}i>`i>iLii>Lii>
>LViiVii>Liv>iL>i
iViVi>>}>VV`>}]>>}V>V>i
}iQR/ii>i}iv>`>}Li`Vi`i`i>>i
iviLii>i`>iiVi> iiiiv>Vi
iiViiV>Vv}>v >ii]Li}>`
`>Li>`vviiVv}>v}>> iiVi
Vi >i}V > VVi>i >>Li ii>] >` iV>
>i}i>ii`VVi>iLiV}i}]
i` LiiLii`ii} ii}`iii
VVV> Viiv`V>]VV>`i}>V
Vii`}>i]>}i >`i>>iiiLi>`>Vi>`i}iii
>QxR]QR]QR]Q{R
ii]ii}`>`vvii``>>iV>>LiiVi>
ii]iii>>ii`\iV>i}i]i`v
>>ViiViVii]}``>i```vvii``>
ii>i>i}ii`\ii>V``>i>>i}iv
iVi>i>VV`i>vi`]Li>i}iiivLi}
v"V>i>i}i>Liv`i>V>>`iLiii
``>]>i>`i>}i`i}iivi>/ii>i
v > VVi>} V>>Li >>Vi ii> i iVi
Vi>i``>v>VQR

xn

-iiV *iViiiv+>

xi``>iVi
/Li>Lii>i>Li``>iiiViViVi]
viVi>iV>ViiiViVLiiiiiVi>ii
>` i iVi  > >i>` Lii >` > i LiV Li iVii` q
iiV>VVi>Li q }>v i`>iViiLi]Li
V>iii>i>>iiiVi>iiiiiviV i
viV]ii>iiiViviVi iii`>` }iiiV>
ii*iVivVi`LiVii}>iVii`]i
`]LiVi>v>V>`iV/>iV>iiV
viii}>i>i}ivv}>>ViiiViVi
Viiv`vvii``>]>Livi`V`Lii`"i
L]V>i`i`>viiV>>ii]
}iiiViii>v`iVL} i>V LiVi>iiVii`/i
i>V ``> `iV >>i` >` iii`] >} >VV i
}>ii`
V>>iiVii>>LiiiVii`Li`iVLi`7VVii
`ii`iVv>`iiVii}}i>i]vi>
`vviiiiVVi>ii>iiiV}>>``iVLi>i
iVii]ii>iviv>VV>i`iV
> iVV`i
v>`vviiiiiViii>i} ii>
}ii>i`iV
7> iVii`L >i ii i vv >`iV /i
vVi}>>LiiiVii` VV>i`iiv
>iiV>>`iLi>Li>vvii>
v>iVii`]iviiii``>`iV>i>
`iV> i Vi`} q ``> iviVi` q iVii` LiV 
i`>Li]L>}>>`iV>LivvLiv ii
Li]iiLiVV`Li`ivi`] > vii`\
7iV>i> vLiVi>ii >i>`iVVi}>i>
> `ii`iv>Lii]iiLi>ViLiV
>i>i>`V>Li `i` i>i>L>iiVii

i> v LiV >i\ > i `ii`i >ii] i >}>}i v


VV>]>iviiVii]i`>`ViQxR
-iiv iiVi]V>`i>`}vLiViV>
iivLLiV`i`>iv}\
"LiVi>ivi>>ViiiVi>
v>``>iVii`"LiV>Li]>>i]
Lii> >Vi"LiViiivi``>
>}iii

-iiV>>ii>>i>}Vi

/>LiV>`V>>>Vi>ii>i
ivVi>`iiV>>>i`V iiVV>i
vV>V>LiVi` iVLiii>ViVi>>
>LiVi}>>iiLv >}Li>`ii
`iviLii]>`>ViVi>`i>`iVi>`V}>>
`Vv>}V>V}V>Vi]iiVVi>Lii>>
Liii Li }i>Vi>i>>viivV>`V
ivi`}v>`iiii>L>i vi
i>]LLii>iii`iVi`i
i>Vi`i
iivV>i>> >Vi>iiiV>i]>`ii
>i>}iV>LiV`>i]vvVi>ii>ii
>iLi>Lii`iVv>iVii`]iivi>
iiiV>iVii`>>i>iiV>
LiV>i`i>V`i>viiiVi`i>V`
Li`>vi`i}`> >V>]v>V]``>Li
>>i>*>V>iiV>>iiiVi>
VV>>>iiii>ViLi>>>>i>>
vi >i`>>ViVi`viVi>` iiV> >ii
V>Li>`>i`/i `iii>`ivVi`i>>ii>`
iii>vii>i>>`>}iviiiv}i
Vi>`iiViViVi`i>`i>L}Li>>]
v}i} ``> Li>>V>>ViV

x{-iiV>>ii>>i>}Vi
>>Vi>`iiV>>iii>Liiv
i}iii`V>`>}]i>iii`}iv``
>]L>iv}/iivi>>>iiivi`
v iV} i` VVi>i i` } V> i``>
vi>i>V>Lii`/i>ivvi>ivi``>LiVvVi
>`iiViVi>`>iii`i>>ii>vii
>V>]>iiV>vi>i >ivi>iiiiv
Vi>`>i }ii>>i>i`iii`L`>}`i
v}i`iiiViiV>>iiV>Liii>>
Viiii>}ViVi}>V>i>viiiVi
Vi>`>iiVi
V>i>i>vVV>>`iiV>i>ii
>V>i>>`>`i`v>ViVV i>vii>>`i]
V> ii> v> VVi} i iiV > ii }
->viLiQR >viV>i>i>`viV>i>i]i}v
LiiVi`}i>>`i>>iiiVii`

-iiV *iViiiv+>

-V>i>iVVi`>VV`}>v>i`>
V>iiivi>iV>>>}> `iVvvi>iviVii`iiV
>ii]iiLiv}`Li}i`/ii>`vv
>V>i`Li`i}i`V>>>iiV>i>>iv
>>VV>iVviVi>`vi>iviiiV>>LiiiVii`
>``}i`/]V>i>i`Vii>>i``i`
V>i]`ii>/i>ii`iiiV>]V}V>
iViiii>>V]>Li>i-V>i>iViLiii
vv>>VViV>}Vii}>>}>>Liii
Vii`iiV `vi>>i>V>i`iLiiv
iViQRV>ii>V>>LiV
QoR>ii>i>>}i>Liiii>V>i`Li
Vi>i>vLiVV>>ViV`iLi>Li`i>
``> V>i } i`] > } v >Li Li
}>vivi>i vi}]>vi}]Li
iiLi>}i`]iiLi`iii>iiivi}
/}vLiV>i`>V>i]iiiiviV>i>ii>
i`>ivivi>iviL>ViiiQnR
/ivi`vViVi>}ii>`i> i>ii>`V>}i
} `iv]ViVi`i> V>i>>`V>`i>
L>V>VVVV> i}]Vi>`iiV> >i
i iVi`iVi`>`>VVL>VV>`ii
`i `i> V>L VV>]iiViivi>iv>>V
VLiV]i}`iiiiiviiVi
>>i >` >>i `iVL} iiV ii / LiVi Vi>
ii>ii`v i`V>V>VVv>
i}V>viQR

>V>VV>>}Vi>`iiV>>i
i}ii>ii>Viii> LiiiV>ii>`iL
iV v iVi >V>i` ii ii /i > i
i`VV>i\
U 7V}>viii>iVii` LViiviVi

U  V>iViLi`iVLi`
U 7> VVV> Li`>v > >Lii`iVLi`i v}>
>`}>Vi}Vii
iiiV>>iiViiViviiViViii
iivi>iiviiViVi`i`Li>iV>V>i
>`iViV>vV>VV]i Vi>>
VVV> `iiiiivv> >>VVi
>`iiV> >iiii]ii`i`>`>>ViiV>

i>}>`i>>`

iV>V>>iVv>`iViLi>Li>>ii
iiV> >ii>>V*VV>`iiV>>ii
`>i}V]>V>ii>i`iVL}``>>
`ii7ii>i`]ii``>ii>iV>>>
i>`>`i` v>V>i>Li>>i>`>>i`Vii`]
}>vii>}viiv}>>Vi>`i
`vVV>`i}>iivii`iiii
Vii>`i>VviiV>>ii

xxi>}>`i>>`
ii`>Li]i>}iii`i>V>`iLi
i>i`\
 ivi>}

>}>i`>Vi>i>>>iV>vi
i>>`>` >Q{R
 ivi>>`
V>`i >V>Lii>i`Q{R
i>} iviiViv >>iV>}>V>`i
>/i>ivii>>`V>V>`i>VV`}
i`iviii` L i`VviiV>>i>`i
/i>>i>ivii>>`i>ii
V>i>vi>}*VVi>iii>
LiiiV>ii>>`ii>viVi/i>>
i>`>>iV>>ViVvii>viVi]>`iivi>
viiViViii]>i]V>V>ii>]V>i`
i>ii]L>>i>]`>i>ii
vi`iv v`iQ{Rvi`iii] >>i
i>v>i>>`i V>}iVi>ii]LiV>i>iVii
>`>V>`iLiii>Lii`}ii>vii>
>`viiiiii`Li`VviiV>>i>`i]
i`iiii>iV>i`i>iiii`>Li
ViVi>v>V}V>iViii>>`
}i}>iiiivVivV >`Vi}ii>
]ii>V>>iiv> `>Viii/iiviiv}
iii>>`Lii``vviiiv}ii\
i>>`
i>iv>LiVLii>i`VV>iV>Li`iVLi`
iVivii>}Vi

-iiV *iViiiv+>

7i`i`Viv`iv>i>ivii>>``iiVi>
>iLiiii`>i`VviiV>>i>`i]i>>
ii />i`Liv}i>i>i>i`ii>>Li
V> LiV >VV ii >` i iVii>` LiV >`
ii\
/ii>i>>i>iV>>ViVviV>LiV`
i>i]>ii}v>`]i`iiV>Li`iii`
/i`ii]]>V>>]i `iVLii`V v>
iV>>i>`> q ii>> >}ii`iiLi}i*>V>
*>
V>>iV>ii>i`>>V>i]iL`ii}
i>vii>i`>>`>vi>i`i]iv}
`\
>r> Q>R

>V>>
>iV>>i
Q>R

 iV>ivi`iiV>iiV`]vi>i]i>`>
S

 u 

q

3D

 P 3 D

ii>V>i>i`ii>iVvViviiVi`ii]]vi
ii`>VV,>V>i>i>>Lii]Vi>>i
>>iviV>>ivi
i`i>V>i]i>V>i>iiii`vV> >i
i>iVi iV>ivi`iiii]]ii>`
ii]]>i`>iviiVi`ii]]>`i>L>i`
>i>ii}>>v\
/

 ORJ S e S

G%

/iiiL` >`v iVLi]Vi>>L>i


`V>/ii>Lii>V>Li>vvi`i
i vi>i>i>]i>LiVi i>`iL>ii
/

 ORJ 

G%

>}i` ii`` >/i`iiiiV>i >


i>V>i]iii>i>` `iii>`ii>i
>i]>i>v
'/

 G %

>iii` iiiiV>ii>i>`ii>
v]Vi
'/

 ORJ 

 G %

>>ViVviiVi>LiV>`ii>ii>i`>>
> > >i V>>ViV v V> LiV] } i i>ii >i i

i>}>`i>>`

vi`}>ii>` LV> i/iiii>i


Vi`>}LiiiViv}i`iVLi`ivi
>}ivLi>VVi`L>`}i]i}L>V>v
ii}v>>`ii>iVivi>i`]ii}i
Vi>> >`iVLi`Li`V v>iV>>i>`> q
i V> >i /i i} v >` ii V>i` i
`i >` Vii] i i>> >}ii` v `i] i
i]>}ii]i`iV>i>>V>i>`]>V]>>>L
ii
9i]ii>iV>ivii}>>`ii]V>i``i
ii/V>i>i>L>i`V>V>i`/i>
ii]i} V>i]`iv>`}i]L`}i>
`>V>i]iiV>i>`ii>``iiiVvi
`i vi/i`}ii>`ivi>`ii
i}>`iiiViiVi>i}-V>`>V>i`ii
ii>>Lii` i>ii> vV>i>i`ii
i`> i}i>i} >vi>`ii
iiii]Li>>V>i]>i>V>i>`>V>i]i>VV>i
iV>>i>i>}i`LiVV>iviVi>LiiiiL
iV>>>i>/]ii]iiiVivi>ii q V
`vV>LiV>i>viVi>iVV`}]iii
ii>}>`V>}iv}>\
}ii>i>vLi>} >`V>}iiii>iv>
`iv>LiVLi iiVi>}>`V>}>ii
>ivVii]ii>i \
i>}
/iiiv>i>Viii>iiV>`ii}
i>iv>`i
/Vi]vi>i] iVViv`i i}>`iLiV]i
i>}ii]>VV>>V>vii>} Vi]`ii
}>iiiiV> iii>ivvi`iV
V>}
/iiiv>i>Vi>>iVVii>i`iViv
>}}>>i>`i]ViViii>}LiV]
>Vi`}V>i>ii>}>i>VV`}ii
-V>}iivi>LViviii>}Vi

-iiV *iViiiv+>

xi>}Viii}>iVii
/ii>}Vi V>i`L >}i}>iVii7ii>
v>i>}Vii>iV>i>}Vi>`i>}i`
>i>VV>>i`Q{Rvii>}Vi>`i`>iiVvi`]
iiVi ii`> i}>iVi>i}>iVi}i
i>`V>i>`iLiii
QoR >ii] Li}] i>}] V>V>}] >V> i>}
Vii]>VL>vi>Li7>`iii`>>i
i]Li>]>i>iiQoR]V>V>>VL>vi
>Li ii`}V`vi}>iVii`]ii
vii}>ii`>>ii`]Lii`]i>i`]V>V>i`
>V>i>i`iQxR
>>iiiiiV>}iiiLiV>i]>VV`}`iv]i
i>}Viivii>Viii`i}>iii>}L
iV>`V>i>iiii>} ii`Li`iV>i
V}V>iVii >i>] ii ii q `} > iV> i>}
Vi>`i>}i`V>Li>VV>>i` q >ii>Li`iv
vi}>iViiiivii>}Vi]>`V>}i
>v\
i>}Vi
i>}Vi> Li}]>i}i>Vi]>
V>V>}] >V> i>} Vi] > VL> v i >Li
7>`iii`>>ii]Li>]>i>i>i
i]V>V>>VL>vii ii`}V`v
i>}Vii`]iivi i>iiii`>>
ii`] Lii`] i> i}ii`] V>V>i` >V> i
>i`i
>>}i`VLiiii>} Vi>`i>}Vi
iv}V`V> Li >>Vi`iii>i>}
Vi\/iVi`iii`i>v>iV>i>}Vi>`i
V> i>} i` >i >VV> >i` v i i>} Vi >`
i`>iiVvi`]iiivii`i> i}>i
Vi
ii>}Vii>>iVii>`ii>>i
i>i`L>} Li}Viii} iVii>`i
i>`iLLi} >`>i} Vii]iV>ii>>i
`i> i> i>}Viiii]V>V>}Vii
>`>V>i>}Vii>iii`L>V>V>i`>`>
V> i>i` i  >`` > i>} Vii V> Li V

i>}i>` i>}}>

Li`i>Vii>iVii`ivii}>iVii]
i>}Vii]i>>`i

xi>}i>`i>}}>
/ii`vV>}V> ii>]>>>>`i}ii}
ViVi] ii` > i>} i /i i` v V>}
iVii>`ii>>i>}}>/ii>}}>i
iVi}}>]Viiii>ii>>i
}>V>ii>i>}}>]`ii`}i>LiV>i`
ii>iivV>}i`}ii>]i`v`V
>`iLiiiV>i>>Li>`iVii i>>Li]ii>}
i`iv}Liii`ii>}>>>i>}
>>>V>iiviLi>iVivii>}>i}>iLiV

xi>i>}i`>`}i
/L>>iiV` >`i`v>`Vi>`iiV
>i>}Vi`i]>`i>ii>`>`i>L`
i>} Vi`iv>iV>i}v Li>>`>ii
Vii]>`>} `Vviii``LiVii>
i>>`Vi`Vi> i>i>iii`
Vi>`iiV> i>iiii>ii>>Vi>
>V>V>ii`ViiiV>iL>vV>i>i`>
iQR]Q{R]QnR]QR]QR]Q{R]QR]QR]Q{R/ii>i`iVLi`>
i> i>} >` V>V> Vii] i >i > i`V
`iV`i`>ii>i}Li>iV>i-iiV
/> `i -/ QR] Q{R] >` i -iiV i}L`i- QR
/i>iL>i`i>vViviiV`ii`i}>
i > i `>> vV v i > V>i
/ii>i>ii>iV>V>iiiiVi}L
"ii>i`iv`i>}i>`i> `]
i}i,VV-iiV/>`i,-/QR i-iiV
iviiViii-QxR/iii>i`>i>iivii
VV>]LV>Viii>VV>i/i
>i i >] >V> v i> i V > iiV V`iV
L>iL]vviiV`ii`i iiLi>i>` v
iL>V}`i
v>}i}`i}iiviiVi}Li>VV>V>i
i>i`] > i>ii v i> i}L `i `i
i}v>>Lii>>vii*>V>v>
L>`iiiii>ii >iLii`iii`>`>i

-iiV *iViiiv+>

Li}i>}`i`Vviii>V ii>>>`i
i}ivv}ii>ii>iii`ViiQR]QnR

>\-}>L>i`V>>i`i
i>ii V> >ii`>>vi}iV`iV>`V>}
iiv>Viiiiv>Vi>i>i>`/iV>i
iV}>`}}}>>` i`Vi>Vi>>
/ii>>` >ii}ivviVv>iv>`>ivV`iV]L>V
}`i>`>i/V>i`>ii*iVi>-iiV
+> i>i] * -+ QR] *-+ QR] /"-+ Q{R] >` vi V
>VV>>i`i>iQR]QR]QR

>\ i>} `i
/ii`ii>iiiV>>iv>iv>i
>v>VV>i*i`V>iL>i`>}V>>V
iVvi V>i q }ii> q >>>LiiiLiviii
>Liii/i>iV`i>ii>>vi
i>iiiii>]V`}ii>>>]
i>V`i>`L>V}`i*>>iViLi}i>i`i>Vi
i} >>Vi v i>> ` > i > v `iL>` iiV
>>``vviiViV>>>Vi i>Q{R/ii
`i>iiV>i` `iQR>`-1 "
/ *QR

>\}`i
i>}`i>iv}v ii>,>}
V>iLi/iV>i`,}+>`i`i>Lii
iVi>ViV>i`ivi`>>i7i>>V
i>ii  iVi]ii>ii`iVi]i
>
>
`i

Q{R]QR]QnRViiv>>iV>LiL
>i` v i `i i >i L>i` vV >`i>i `i> `i
`>iiVVV>>Li>i`L>Li
ii`
/ii>i>}>`V>V>}i` >ii>VVi`Li
iV>} }->viLiQRV`iivviLViiiVi
V> v>iV>V>>`i`V>VV`}}i
>>`}V>vViVvv>]iiL`i>`}i
v>iV`>>`ii`V>iLiViV/ivi
i>iiv}\
7>v>>>L>>>iiiVii
Vi>Vvi`>V>i>i`i>}]`iVV
V>Vi `i > vV QoR i ii> >`> V>
V>}iv>V]iiV>>iVi >>}iQR
}ii> iiiVV>]i>iii}ii
Vi>`>>Vi\

i>}i>` i>}}>

ii>`L]V>}]> >`i]i>Vi>LiQoRLiV>i
iV>>`>vL>Vii>V`ii}i`v
vii>i`ii] vi>Li>VVivvV}`Vi
V>}i>VVi}i>ii`}iQR
/Vi>}>ivViiiViv>}>VivV`iiL>V
vVi>`iiV>i>}]>i>}i`LL/ivV>
vii]L>vVV]`iVVii> >`V>V>}
Vii]LLi>>`>iiViiv>i>ii i
i v Li> >` >ii Vii ii] > iVi]
i` `ii>`ii>i>}Vii]>i
>}ivviVi>Vii/i>]>ii`>Li]>i
>VLL>Vii>V>`vviVi>`iiV>i>i
ii}`vvii>i`LivViii>
>`>`>iLiV>i`\
>>i>`Lii>`]`ii}>`}i>Vii
L>i`i}iii`}iiiV>ii/i`>>i>
i`iii>iii`i iiv>VivVii> >i
Liii`]>`i]iiiVi>]V>i>v]>vi>
>}iviiv>Vii>`i>]iii>i
i >}ii i i> i>i` `>> >] i i>
i`iV`ii` Li>`]>i>}
ii]viLiviii>ii>V >``iii>>Vi>iLii
Vii`]iii>i`>i>i}ii>i`>`V>i}i`
>LiViViivi>}Vi>`iiV>/>iLi
V>ii>}>``iii>iv`vviiiiViV}`
Vii >}i>`i>`vv>>`iVV>i>iiv>/
i>`V>i]iiv}]iiiiiV>viiV>
iV}ii`V>vi>vii`ii}>/i
iiV>i`>iiLiLi`i}>`iivi i
>ii`>i>iVi viiV>i>ii>`i
iiii>>`Li>>`>iii>ii
Vii>iLV>`iV}]`i>`>Li>i>
i>}Vii>i}i>`i>`/iVVivViVi>}`i`
L>Liivi>iL}]V>>iii`iv>V>
ivii`>i ii>`i>VV>V
/}ii>>>Vi>`]]`i>`>Li7>
`L}]ii>Vii>i`iVLi`>LiVii>
}Vii/>i i>`}>`i`iiLiivV>V>
>ViVvi>Vii/`i>>i]L>
iiVi>`iiV>i>ii/ii}i>
iVii>i>Li>`iiiVii>`>iiLi>v>
i>i>}V>>Li/>Liiv>>v>

-iiV *iViiiv+>

ii>iiLi>>VV> >]L `i> i


iiiiiiVi]i`v>}>ii
>i>viiiV`iiiiLi>iVV>
>>i>>i>`ViiLi]iii`vvVi
`V
/iViV>`>>ii`V>Lvi>iiLi>>
>}i>iLiiv LiViiiV>i>}
Vii/iV>>LiViVii``ViLiii>iii
> >i>}>ii]LiV>iii>Vi `
`i>>>Vi>` i>iLi>vi``>i
i]Li>>>iV>i>ViiiiV>i>ii
/> `i>}iii `ii}i>Vii]
> >i>`i `i iiVii>`>iiLi>v>i
>i>}>Li"i>vV>>Vi}>Li>>i
>VV>i>>}i}]>> >>V>
ii]`ii>>`>>L>i`}ii>i>
i>Vii>iLii`VviiiV>ii i
iVVi}Li>>`>iiViii}i}i]>>
vV>Vi>`i}i`i>ii>iiiiV>vi
i>Vi/i]}ii>i]i`Vvi>ii>i>`i
iiiii>iiiV>>ii>ii>i`iViV
LiV>ii>i}ii>}>>>>
/iV>>Liivi`LiV>iLi>V>vLi>>`>
iiVii>`i>i>iiviiV>ii>
i>Viii vV]iiiiVVV>VV>]Li`i
vi`>>VV>i>Li/ii>viVi `Li`ivi`>`>
`Li>i>VViVVivVi]iiVv}ii
>`ii}ii/iii >]vVi]V>VivLi}v
vi` >i]iiviViiLi}>`>i}i
>]>iVV}iVii`V}>ii

xn->
/ii`Vi`>LiiViviViii`Viiv
}i\
U /iiiVi]iViii>`iViLiVi>`vvi
i>i`\*iVi>Vi]iiViiii}}>i`
iii]>`>iViiiviviViiVii`v
>iVi} ``>
U /iiViii>iiiViii>VV
V>Li

->

U 7>iVii`>`iVii}V>ViiiV
>i`vv>Vi`}iViii
U iVL}>`VV>}>>LiiiVii`V>Li`i>
}i/i`iV> ii}V>
U *iVi>Li]Livii>7>iVii`ii
v>ViiiiViVi>iV>>
U >i}> >>i`iVi`>`iii >iVii`"i
>iVi`>>i]>>i]LiiVivv>vii
Vii
U /iiViViL Vii`>i}V>]i}LVVi>}
>>Liii>-iV>iVi>`V}>i}ivVVi>
}>>LiiiVii`>ii`/ii>i>`V>>V>Li
L >>`i``>
U V>Li Lii`i`iVL}>> LiiiVii`/ii
V>LiV>i`i>V i>viiVi`i>V
>i>V>/i>i>iiv``>Li>>>i
ii>`>```>V>i>V>V>/i>`i>`>>
}}ii`vvLi>
U LiV>i>vi``>`iVviVi]iiV>
>iivLiV>i>Li>]`ii>>iV>VV`i
>>ii Li`i}i>>`>iLii>i`
U +>ii>ii`V v`vviii>iii>`viVi
>Vii>Vi
U ii>i``>>`>>Li>iVvi>iiVi]ii
>>>Vi>`i}iiviLiV>i`>iiiV>i>i
i i`}i vi>LiVi>
U  i>}i>i`vV>}V> ii>
U /ii`vV>}iVii>`ii>>i>}
}>/ii>}}> iiVi}}>]Viiii
>ii
U vV>}i`}ii>]i`v`V >`iLiii
V>i>>Li>`iViii>>Li]ii>} i` i
v}Liii`ii>} >>>i>}>>>V> ii
viLi>iVivii>}>i}>iLiV

+>ii6iv-i/i

i>i>ii>i>Li>>`>iii>iiv
iiV>V>LiV>>Vii`L`vviiV>>`V}V>
vV>`iVi`}V>}vV/iV>viii>
}>`V>}ViiLiViVi> iiiV>i>ii>i
ii`>>iiV>i
/i>}v>Lii>iv >i>>VVvQxR]QR]
>} vVviViVVViVi}i
i`i>}}>/ >>V LiLiv iii`ii]>
V>Liii`i`>`>i`>i
VV`} >i]iVi}iV>Li`ii`iL>viv
}v`>i> iVv}\
U
U
U
U
U
U

iiv>VVii-iiii
i>VVV>i-iiii
ii v>`iiiiii>
i>`V>iiiii>
ii v`iV iiii`
i`iViV>i iiii`

iii v i> i>} Vii > > VV} i>}


ii > >i i vV > r vOP -V > i>} >>>
`>V>i>iii vi>VVV>i-i>VViii]>
i>iii>}>i`> >iiivi`iViV>i ]`
Li}iV>i`vvi`iV`vi>`ii>VVi
>}>Vi>ii>VVii/i`ii`vV\
r vOP>`` r vOPr `
7i >}>>V Vi>`iiV > >iii>iV
Vi i vi V >i i}iVi`] >i i v>V > i vV
>r vO>P`i i>V>LiV>i``iVLiV>iV>}>iviVi
Vi]>>i>`Liiii` >ivV `ii}` r vOP
i`iV>i``iV`vi>VViiVi>i`
V>i`iV>Liii>>vi`Vi/>`iVi>Vi>}>i
i``>ii`}i Vi>ii`\
/i>vi>ii`iiiivV > r vOP LiV>ii
>` ii > V> Li VV>i` > > `iV `] > V> Li

+> ii6i v-i/i


V
6

^V `

I ^G `

I ^D`

I ^D`
$ ^D`

I ^G `

G


6 ^V`

^D `

'

I ^V`

I ^D `

D
V

I ^G`

I ^G`

I ^G`
' ^G`

^G `


/HJHQG

U
U
U
U
U
U

WKHVHWRIDFRXVWLFHYHQWV6 ZLWKWKHHOHPHQWVV


WKHDFRXVWLFVFDOH6ZLWKWKHHOHPHQWVV
WKHVHWRIDXGLWRU\HYHQWV$ ZLWKWKHHOHPHQWVD


WKHDXGLWRU\VFDOH$ZLWKWKHHOHPHQWVD
WKHVHWRIGHVFULSWLRQV' ZLWKWKHHOHPHQWVG


WKHGHVFULSWLYHVFDOH'ZLWKWKHHOHPHQWVG

} ,i> Liii v`>i> i >` V>i >` iii


>VV`} >i QnR

V>i`/i>>> r vO>PV>Li`iii`/i>`ii>V>
LiVV>i`>`iV`/i`iV`]]V
V>i`L`]>iiivi`iViV>i
iLi>i>}Vi>>}i`i`iV ` q L>
}iVii`iVv>` r vO>P]LiVi>
iVii`]iviVi`>`LiVV>i`/ii>`rvO`P>i
Li`iV >ii>i`>i`]>>vVv`
vi>vi>VViii>`ii>Li>
ii`]iv}i>`V>}vVV>Li`ivi`vi>>`
>iii>}ViiviiV>>ii\
U
U
U
U
U
U

iivi>VVii -iiii
i>VVV>i-iiii
i>`ii iiii >
iiv>>Lii iviViiVii`+iiii
iivi`iV iiii`
i`iViV>i iiii`

+>ii6iv-i/i

V>ii>Li]iiV>i>iiiiv
> ii>``i` iiv>` ii>`ii >Li
Vi>>iiL`>}>ii`ii`>`iVii`>]
Vi> VV>Li>>`iV`]i>>> V>
Li`iVV>i`>`ivVr vOPV>Li>>i`/i>ii
`iV VV>Li>i`iV`]iiLLiii>` `
`i>` r vOP
/ii>}V>i>>iiViv >i\
> r vOP] r vO>P]` r vOP] ` r vO`P
iivV`i>`>>iiivi`iViV>i >
>i>}>i` r vOPLi>>`>iiViii>i`
i LiV ] >` > > iii v i >VV V>i - > i>} >i
rvOPi>i`iLiV]>``>>iiivi`iViV>i V
i>i >>iiivi>VVV>i-/iVii>i`iVi`
}
/vi>i>}>`V>}vV>i>
`}iviiV}i}`vvii>iv>v>ii
>>V>i`>i>i`>ii`iViV>i7iiv

V
6

I ^V `


I ^D `

VG

^T `


I ^T `


G
'

6 ^V`

^D `

I ^V `

^V `

I ^G `


' ^G`

^G `


/HJHQG

U
U
U
U
U
U

WKHVHWRIDFRXVWLFHYHQWV6 ZLWKWKHHOHPHQWVV


WKHDFRXVWLFVFDOH6ZLWKWKHHOHPHQWVV
WKHVHWRIDXGLWRU\HYHQWV$ ZLWKWKHHOHPHQWVD


WKHVHWRITXDOLW\HYHQWV4 ZLWKWKHHOHPHQWVT


WKHVHWRIGHVFULSWLRQV' ZLWKWKHHOHPHQWVG


WKHGHVFULSWLYHVFDOH'ZLWKWKHHOHPHQWVG

}VviViVV>}>ii

+> ii6i v-i/i

iiviViiiV>>LiiiVii``}ii>}>`V>
}Vii i>i>]iViVi} Viii]
ii`i}iiviiV>>v>>LiiiVii`iiV`
>iiViv`ii}ii>i`>i]i>v>>
/vVi>>vV>`]LiV>iLii>i>
viiviV> >LiiiVii`7iiii>i`i>
ii>`V>iv>VVii>iLi}ivi`]iiii>i>
ViVi]LiV>i>}i>>>Li>i`VV>i
>> LiiiVii`iiV` r vO>P"ii>`>>`i
i>>ii>}>i>V>i`>>`iiV>>iv
} i`V>Li``>Li>>`iivi>>i/>>}
``>Li>LiVi>i``>LiVvV>LiV>iV
i>i>i`i`iVv>>LiiiVii`iiV]i
`}i>`VV>viiiV>>ii
iviiV`i>>iiii}>`Vi>`>>
>iiiV>iv>V>V>i]iiL``>i>}>`
V>}>V>iiiLiV>i`Li`i}iiv Vi>VV`
}`iv >>iiiviVi7>i>`V>i`
> iiVi`]i}i`>`>`iV >`i"Vi>Lii`i]i
i>i>i`>i`ivi`V>i/iiVi>>i>`
>vv>

`i>}*Vi`i

i>}>`V>}i`V>VV
>>i>`Lii`Vi`]VVi>iii>Liii
>V>V>ii>>`iiViiii>V>i`i*
V>VV>L>VvVV>i}>iii>Li
ii >` ii >` ` 7` >` iVi >i i >Vi`}i`
v`i v V>V> VV QnR /i > > >i>V> `i
VLiiV>>Vi]i>`ivii>>>iLiiiVii`QR
>viV>V>Li> >`>iii`]ii>v`iiV
}i>Lii`]i`vvii>i`>` vLiVii>
>iLiVi>`>`i`\
iiV}i>Lii`\
i> i\7> >>iV>i`iiv>`>
`>iviiiLi>Li iViii>`ii"\7>
>iV>i`iiv>`>`>iviii
iViii>`ii
iiV}i`vvii>i`  r Vi>Li vviiVi\
i>i\v>i}i]>>ii`iiv>
V>>Lii>iviiiiVii>`vviiVi"\7>>i
i`iiv>V>>Lii>iviii iVii
>`vviiVi
iiV}i>i*- r*v-LiVi >\
i>i\i>>` >>V>i>>viiV
i}>`>`ivi``iiii]>>ii`ii
v>V>>Liiv>i>>viiV>iviii iVii
Li>`>>}i>iV
/ii>i`>iiiiii`>V>i`i`vV>Li
`iii`}ii`v>`i>`ii`vV>\
i`v >`i\
/i>`i`>i`iii`V`vvi`"ii>i
vii`v>`i}iLi>>vi>} >>i>

`i>}*Vi`i

0HWKRGRIDGMXVWPHQW  0HWKRGRIFRQVWDQWVWLPXOL

GHWHFWLRQRIWKH

GHWHFWLRQRI

GHWHFWLRQRISRLQWRI

DEVROXWHWKUHVKROG

GLIIHUHQWLDOWKUHVKROG

VXEMHFWLYHHTXDOLW\

-1'

36(

W\SHRIMXGJPHQW

W\SHRIMXGJPHQW

W\SHRIMXGJPHQW

QRPLQDO

QRPLQDO  RUGLQDO

QRPLQDO  RUGLQDO

} i` v>`i>`i`vV>

`}>/iiiiii}>`>Vi>ii`i
i v > `> }> i i i `V>i > ii V> i>
i}/ ii>i`v`vviiviiVi/i`vi`>`
iii`>vi>iVi>iV`viViLvvi`
i`vV>\
i`i>Li`}i Viv>L>ivvvii``}
i/ii>}vivii>}iviVi`Li>VVi
viii>>>iv>`ii>i]V>iLi
>i>ii`iii`>}iv>i`ii``i}iiv`Viii
v>`ii> iiVi}>vi>iii>L
i>>>i>ii}i`V>Li>}`>i
>i>
V>VV>iii>ii>ii` `Vi]>}i
}]ii>Liii>Liv>VV}>>V>Lii>i`
V>i}`ii>`i>VV>}vi>iv>`LiV
i}`iVV`}]i}>`iiVi>i>i
i >VV ii iiV }> >` i >` ii
iiV`]L>`iviii>Liiiii]Li>v
i>ii/iivii>iiiiii` i`}ivi
i>Liii iiV}>>`iiV` >`i `ivi
ii}>i>>i }i]iiivv
>`iVii>}LiV >VV}> `>ii
>iii>ii V>LiV>i`LViV>>ViVv
iLiVLii>i`vii>iii>>`ii}ivV
>`iV>>ViVv}>>``]i }>i}i
i`>i>iviVi>>>i>}iv
i>ii}>vii>`i]ii>}
}>iViii`>>LiVV>i/ii>

i>}>`V>}i`V>VV

>`>`i>i`>i>iV>i` >`V>i` Vii}>


i>i>ii>`i`>`i>ii>iLiiV>i`/i
>vii>iiVi`i i`Vii`i}iivVi>
ii>}>`V>} Vii > >iii
V>Liii>>>v>>i>>>>Vi >i`vvii
>Liii>v> >` >> ii>}i
ii]V>VV ii>i> `vvii LiVLii}>i`
i>} LiV > >i ii V> iViL i i
ii>ii>i`i>i>i`>i-iiV>i
VV>i
-iiV >>`i>iiVV`} ivi>
>vi>}v`iv>ii>>`Li>vLi>
>` >ii >> v `i] i V>i i i>} LiV
iiV/ii i `iiiVi`ii>ii>ivi
i>>`>>iLiiv`" i>ii>>`>i Lii`i
vi`] Lii>iivV ViiV`i`i>]
LViiii>}iiV>ii]v}ii>>`>i
}}i`]vi>i> >v>iii]`Vii>i`>i
>V>Li>Li`iv>vV>i]>}>`Liii`
>Vi v ii i>>`] L > V> >i }ii> >ii VVi}
iiV > / i i i> >ii` q v > >i > >
Li q >i iivi>iivi``> i>>`
v>i>>ivii>}LiViiV>
7iiVv}i>ii ivi>ii} >i
Li>`ivi>>`>`iVvivi>i>i>`i>iv
i>ivii>}LiV/iV`>>V>ii
iiV > >ii
>} i >i >Vi` v i>
i>ii>`ivLi>>`>iii>ii L>
iiV>>i>iL\
V>>VV]i>>`V>`ii]`iiii]
v`>i> viiV] }> `> >i V> `}i`  ii
i>>`i}`iiiiii>ii>}>>>i}`i
iii>]`ii`}i > ii>}>>>i}
i`ii`i`ii]>}i>>`i}>i>iV
`iiiiii>}LiVi}>iiViiVi
`>VV>\7i>Vii]>>i]i>i
iV}]V>iiViV>ii>>` vii>Viii
]i>}>>>i}ii>i>`>v`vviii>
>`i}Vii>]`ii`}i>vii>}
>>> i} }i `] >} i>>` i i>} LiV i} >
iiViiVi

`i>}*Vi`i

V>vii>>`>`i>i`>ivV>>`>`
i>ii>i>ii>i``vviiiii vi>ivi
i>}LiV>i`vvii>Liii>iii >`>vi>
iii>}ivivVVi>VViiV}>>`i
>`iiV`>i Li`iii`]vLiii`>ii
v i i> >` >` i>ii >i v>V V>>Li i
`>ii>iVi`}>iViivV> i
>>i``>i>>`viiiV}>>`iivi
iiV`Lii>i`i>Vi/ii>>}]V
iv}i\V>i>>`iV>i>i>i>
}LiVLi`ivi`>`>`iiVi>i>iV>Lii>i`L
i>}i>`}>]>`>i>VV>`>`>iV>Li
`iV`iVV>i`i>Vi"}>i>i\`i
i>iiViivii>ViV>>>ii>
Viii`ii>`]>`i>i}i>iii >`
Viii>`]iViV>iiiVii>>`
Vii]>V> iLi i`>>L>V`iiii
vVvViiVi>VViiV}>>`i>`
iiV`ViiVi>`ViiiViV>i\
 ivViV>i
>ivivV>]i`i>vii
>i QoR V> Li i}>`i` > i}}Li v i i v
V>Q{R
/i>i>i>v`>i>`vviiViLiiii>vV>V>>`
iiVi>i`V>VV\V>V>V>VVLiV>iV
i>i`}]Vi>`ivi`i>>` `i`Vi>i
>``>VVii>>iLiii>VViiV}
>>`>`iiV`L>i`iiii>Vii]iiV
i>i`V>VViV>i>>`i>i`iiiV}>>
Li]LiiV>vV>viii>>` q vivi>iv
iiV ` }ii> q i>V V>i}i > `iii i iiV
>ii/iiviiiV>i>ii>iV`iiv
}i\
7V >>V `Vi > i>V V>vV> v i LiV
>VViiV}>>i>` iiV>iiVV>Li
i>i`iVii>`] viVi>]V>
-iiV>i>ii`iiii>i>ivii
>Vi]L>>ii>ii>i>V>vV>viLiV
iiViv+>vi>i>`iii>>ii>>` viiV>
Li`ivi`>>Lii>Li`>i`i>>`i>i
`iVLiivi>iviiiV>iiivi}i>`V>i]

i>}>`V>}i`V>VV

>`i}i>Vvi>i iv VL}ii>iiV>
i`>ii>>`vii>}LiViiV>iLi>
>i`>i>V>
/i>>iiV>i>iiV>ii`vvii}>
"i}>`iiii>iv}ii>>`/ii>>`>iv`
L>>}i>}LiV]>`iV>]]Lii`v>i>}
LiVvvi>iv>V>Li`ivi`i}>i>iii
i`vi>ii>>ii>>`v>>V>i>}LiV
7ii>i> vii>>` V>i` iivV>i
>iii>Vi>ii>}`>>]i>iV>iii>
ii ii i i v >>} i i>>` >` ViV} ii
i>vvV> >iVvi>}`>>
/i>}>vi>iiL>vviViVVivVi>`
i`/ii>v>Vi`i>iiVi>`i`]
>V>iViiiLi>i`>iv}ii>>`>i iV`
i`Viii`v>`i >`ii`vV> V>
Li i` `iiV i >Li i`] >>i i `vvii> i` >`
i>i `iLi>Lii>i``>vi>ivi>`iiV
iiivii>}LiV\
,i}>`}i`iv>`ii]vi>i]i}>>i
V>i`v`iiV>LiV>`Li]ii
}`i>iiviiViLiV iiiVii`
Li>`>>iviiViLiV*-
1}iii`]Lii>iiV>>iVvi>>i>`]
> ii ii] i >>i vi>i v i LiV iiV ` 1`i
>>ivi>ii>>iiviV>}i>i>V>
vi>i]i>>ivi>i>>ii>Li>`i>iV>>Vi
V/ii`i`>i>V>LivViV>>}iV>
>``>V>>ViV>i]LiV>V>ivi>
`>Vi]iii>i>`>LiV>>ViV

iiLii`v>`i>`ii`vV>
`iiii>>``>ii/iV>ivviViLi>i`
iV>>iVviiV>>iiii]i>iVii
i>iiii`]i>iLiii`i`Li`ii>>`
>iiiv} i}ii>ivVi`\ /ii`
v`ii}iVi>`vviiViivii>}i`>i
i>V>}]ii` } >}`iV>} i>V>i}\
i`v`ii}iVi>`vviiVi>``ii>\
i>i\vi>ii>iiiiV` >`]iVi
iiiV` >iiviVii}i}>`}ivi>i
`iii>V``iLiii>`i`v>}1}

`i>}*Vi`i

i`iiVi>`vviiVi>i`iii`Livi
iV Liii>`iVi>`vviiVi
>}`ii>\
i>i\iiiiV`]ViiiiV` >
i>V Vi>`>i`v`L}iVi> i>
i>>`>V>}>ii`>>i>>iV>>`>
}V>>ViV]L>vi>i>`>Lii>

i>}V>i
>`>i>}V>iii}>`VV>iiiv>
`Li>>`>iii>ii>viiV>Li>
i`>i> i`]iLii`iv}}ii>
V>}>i>vi>} LiV-V>i>i>v>Viv]V]
ii>`iVv`}i]L]ii>`]>V
iii}>i>ii>i`>iV>i}>>VVi>Vi
>``}i`Liiivi`iV`iiii>>vii
iivVi>}V>Lii`i]iiiV>LiVVi
i} viiiivi}>`i`}iV>Li
>i`i}v>iiiiviV>i
/iV>iii`Livi>i`i>ii>>`/iv
`>iV>`V>>ViVv`}iLiiV>
iiii` >``>i>Li V>vV>]`i>`>}Lii
ii`iiii>V>i>i>i`/iiV>i>ii
ii]iV>i>Li`i}i`Lii>vVi>`V
>>i `}i ii>iiV>

->`>`V>i
>`iV >V>ii>>ViVi>`iV} `vvii
V>i>ii`vV>ii>V>i>iL>i`iL>V`
ivi}]>]i]iiVVVii]i`>Vii>
i] > v L>Vi >` i  i>V v ii L>V
`i>>ii>i` i]ii>ii]}>]iV`]
>ii]i]]V>`i>QnR*V>V>}}vivi>v
>`i/iv>vV>V>ii}>V>ivi>}i}
}i>`>Vi>`>`>`i`
7ii>}iVi>ii>]ii>i>>`>`V>i>>i
Lii`iii`Livi>`Vv} ii]iV>Lii`v>
i>}LiV"i i>v >ii>i>>`ivi`L>V`
i>`>iv>ii>}LiV] > iV>i
V>i>} >iVVV>Li`>>`i>Li>i

i>}V>i

ii}vi>i>v>V>iiV>i>iiiL
iVvii>V]v>iv>Vivivi`>iLi>i>VV/>
>i>`>ii`Vi>vi`
"i}`i>iV>Liv`ii>V>iii i>ii
Vi]i`>`Vii>iLi}ii>Vi`>``iii`>}i
i} i`}i v V}V> >` i> iV> v > >` i
i>>QR]QRiiV>i>ii>iiii
>v}``>i>Lii>i`}i>i`i>]L>
}L>>>VV`>iiv``>iLii>>i`
>`i}>i`i`ii>VVii>>>vi
iviiV>i>iiV>LiV`ii`Vi
VVi

/LVWHQLQJTXDOLW\VFDOH
4XDOLW\RIVSHHFK

6FRUH

([FHOOHQW

*RRG

)DLU

3RRU

%DG

/LVWHQLQJHIIRUWVFDOH
(IIRUWUHTXLUHGWRXQGHUVWDQGWKHPHDQLQJVRIVHQWHQFHV

6FRUH

&RPSOHWHUHOD[DWLRQSRVVLEOHQRHIIRUWUHTXLUHG

$WWHQWLRQQHFHVVDU\QRDSSUHFLDEOHHIIRUWUHTXLUHG

0RGHUDWHHIIRUWUHTXLUHG

&RQVLGHUDEOHHIIRUWUHTXLUHG

1RPHDQLQJXQGHUVWRRGZLWKDQ\IHDVLEOHHIIRUW

/RXGQHVVSUHIHUHQFHVFDOH
/RXGQHVVSUHIHUHQFH

6FRUH

0XFKORXGHUWKDQSUHIHUUHG

/RXGHUWKDQSUHIHUUHG

3UHIHUUHG

4XLHWHUWKDQSUHIHUUHG

0XFKTXLHWHUWKDQSUHIHUUHG

}"V>i>VV /1/ QR

`i>}*Vi`i

/iV>i>>vVvii>>`
`iLi>Lii>iiiVi>ii>>Vi>iiiV
>]iV>>ViVLii>i`i>VV>i>Li`iii`i
>} >` iVvV> >i " i i i>>` > Vi
`}V>iV>LiiVvi`/`iiVVivii>>`>`i
`>}i`iii]>}iv>V]i>vii>ii
/]v`} ii>>`iiVi> `i>`iVii>
ii>ivi`iViiiiiv>vii>i
i/ >}>>i>vi>>>
iViviiV>i>ii i>>>i>i`
iVii ii>] i `ii} i > vi>i v iiV
`ii>iii]L> V> ii>i}>}V
`i>iiii v>viiiV}>+>vi>i>i
>>i`iiV ii>ii>
>i``>i>>`V>}i`iiiiiV>`
>i Li/ >V>iV>iviVi>i>}L
iV]vi>iiViiV`iLi>Li`i} i >
>i i>} V>i] ii> > i i>>` v iiV > >i
i>V>>>i` vvii>>Vi>i>>>Li>i>]i
iVi`iLi`Vi` Li
"i>>V i>}>iV`i>>`V
iViiviVi>`>VViii]VV>>ViV
}>>`Vvi>i iiiVi-Vi>Vivi
i}>`V>Lii`>> i>iQR`i> ii >i
>i``iVLi i>`iii>`>iivii>
V>]iiVi >`>iiLi} }`i` >i>Li/i
`iV>ii>>i`>`V>ii`iLi>ii>`iVi
>Livi>`LiVLi}>ii`viLivii>}i
LiViLi`Vi>vi>i>Liv>>Liii
Vii`>`>ii`]>`v`>i>i>>`V>Li`ivi`Vi
>Liii`iV>i`i>V`vvii>V ivi
Vi`v>>}`i
vii>>`>`>ii>iiVii>i]iv>
vii>}V>iV>Lii>Li`/iV>iiiiV>`iVi
iVii`V>>ViVvi>>`
-v>V>i>i Liiii`VV`vviiV>i
iiii]V>iii>i]Vi]i>i`i>iVv>
v>LvV>iV>ivV>iii>i>}ii`]VViiV>i>i
Li`ivi` iV>iV>V>iivi>i>V>iiii>i
VvV>V>>i>/i``>V>iiii>i>i v`i}i`
i>}>VViv>i>iii}`ii`}i>}iVivi
i}iii >ii`V>iiiiVi`>iv>iv

i>}V>i

Vi>>vi>i>LiviiV`/ii>i>iV
`iVLi` iL> >V i>>` `ivi` > i> i i}
Vii]V>]>VVi>Vii V>i`]iV>vi`>VV`}i
V>i}V>`iV>>vi>`LiV v>ViV
>V>i`iiv>i>`i}>`>`V>iiii}>
V>i]ii}ivvV>ii`iiviiViV>i>iii>
>>i iL> `iV v V> >i v i `iiVi` i>>`
6iL>`iV>iiLiVVii i i`i>iV`
>>ii>V>VVi>iV>i}vV>i]
iivii>ii>i`i`ii>Vi>i>ii]
`ViiV>>ViVviLiV`ii}>V>>Lii`>
vv>VV}]ii>>iVV>Li vi>iv
i iiV iVi >` >ii ii >i Lii iV`i`  > >i>`
Lii } ]ii}>V>i>iv}V>i}i\
/i``>V>i}i>i>VV`i`iV>>iLiiix>`
>`x]ViiiL>i>`>viLiVviVi>`>i
i-V>V>ivii`}]LiV>ii>>}ii>
>i>i>i}>iV>i>iV>i`i>V
i >>iV iLiV>i` iV>QRvi>i>i
i>i`>`>>i``vviiV>i}V>i/iiiii}ii
>v}ii>i`V>iv>iV>i}i>}
iiVi/ii>`iLviV> }>`>>>`i`i
v}i\
>Lii>V>i}V>i`ii>ii]
>`>iivi>>iV>>V>iVii>`
L>i>>iii>]Liii`}ii>i
>i`ix{x>i]>`Lii>` ii`
L`>ivV>i]vii`V}i>vv>VV>
Li}>ii`Vi>>iiiiiLii
V>ivi]>vv>i>>}]i
iiV>} i``Lii`-Vi>iii`>>
}>V V>i i` v> >L `>Vi Liii
Vii>ii i``QR
/ii>iViiii>> viL>>`iV>>Liv
>V>i>`VVi}iiv >>iiVi>V>i>i
iiVvv>ViQnR]QR]QxnR]QxR]QR]QR]Q{R]QR}
i}]i>viii}>i>ii>Liii``
>`>>}ivV>i}V>i\/i`>i `>ii]LV>i}i
V>>>ii>iiii]`Li>i`>iiV>
i} i> i>ii >VV>i ii V>V>i` >VV`} i
>vV>i}V>`}i 1}Vi>>ViV>LiV>V>i`]V
]`ivii`>ViLiiiii>iV>i /i`>`i

n{

`i>}*Vi`i

1RWKLQJDWDOO



([WUHPHO\ZHDN MXVWQRWLFHDEOH

9HU\ZHDN

:HDN OLJKW

0RGHUDWH

6RPHZKDWVWURQJ

6WURQJ KHDY\




9HU\VWURQJ





([WUHPHO\VWURQJ DOPRVWPD[

0D[LPDO

} }
,V>i}>V>iQR]QR

L`>ivi>VV>i}>iLi`ivi`vi`i>]iiQR]QR]QR
"ii>iii`V>V>V>i}V>iii>>`ii
>ii }>>VQR1v>i]>>V> Lii
i>>VVii`iiVi>i`V>VVv>Vv}
 >\>Lii>i`iv vV>i>>>v
iiV>i>ii->`>`V>i`>>>iLiiLi
v>}i>/i>>VVV>i}V>i>Lii`vi>
}>}i >i >>i` ` v ` >i >}>}i iii
`Lii>>>v>V>i>Vvi`V>i`v`iv
i`>i>>ivi>iivV>i}V>i/>
i> }Vii`>``i
/ii`iVLi`ii`i>Liv`vviii>>` i`
`>>iV>LiV>i}i`>`>vi`Li>viiVi`iL>`i
VVi`iV>i>iii`viii`>>Li
>>i` 1} >Li >V> Vi`i i} Vi> >> Vi>
Liiii``>>Li>iV>V>i`>`iV>iiii`
>``Vii>>}`i]V >>v>V>>]i>Li
i}>iV>Vi`ivi>`iiViVi
>``}iii`>i]Vi>>`>iVi>i]i>>i
Vi`vi>i`>iv`vvii`i]>`ViiViVi
>``}iiiV>LiV>i``i>/iivV>`>>
>>>ii`i>iLiV>`viv`>viVv}vi
i>iiiiV>
/i`iVv>ii>Viv>>}>vi>i>`i
iL>>`iV>i>iiv>iv>>i>i>`V>i
>`iiViVi>``}iii>iVi>Vivv

i>}V>i

nx

/>Li+>vi>iv>>>`iViiV
>>iiV]>i`iiii

iViiV

>VVi>Vi
i>i
i}ivv
Vii Li
>V>
V>
i>}i
Vii>>i

i}L
}ii>>
>>i
iVv>V>
>VV>VvV>
i>>ivVi
>`i>Vv`i
>>iivi
ii
viV

ii`>Viii>>Lii>ii*>V>ii>i>
i>iiViViii>>i]iii>>i>
>ii>>`>`V>i>i>V>>ViV>`i
>iV>Li
7ii>}iiV>i``>i>>`viLiVvi
Vi >` `}i >i vi /iivi i `ivi` i
i>}>`i}V>i>>iiVvV>v LiVV>Li>>
>`Li>iLiVv>i>vi`>>i`]>}
iivii>iii`>>iii>}LiV>`i>
iV>>i>i >`iViviViiivii>ii
>`iiiV>v>QxR
/LiLiVi>>iiiViiVi>i`/ii>
}LiViViiV>>}Vii>}L
iV >> iiV] L i} >> } i>Li` i>ii
Vi`ivivi`v>i>iiv>>iiVvi
}/LiViVi>/>LiiV>}i> >
`iv}>Liv>>>`iViiV>VV`}i/1/QR
>`}iL}i6> iiQR
}iL}i6> ii`i>`vviiiv>LiL>
`vvii iV> V>i\ /i /1 iVi` > V>i v i v >
Li>`>xivii]i}iL}i6> iiivi>
V>i}
7i}>`iiV>i>iiii`iVLi`>Liv`i
i}i>>`>`VV}V>i>i>i>iiii>>
vii>ii7iii`V>i>ii`v>Vi>LiV
`ii}>vi]`ii`i`i}ii ViiiV

`i>}*Vi`i

>iiiiiVii`iiV>vi>i`i>ivLiVL
iV/ii>i >iiiviVii`>vi>i>i]i
}i>i i L>L > i V>i V> Li i` v `v} i
ii]i>viVii`>vi>iV>]ii>`]Li
`iii`Li>ii
/iVVivV>i>`VV>i>>VL i
`i}viiV>i>iiiiiiLviii
Vi>\/i Li>Li`}i>ii>ii>V>i
>Viivi}iiii`>Li]i>i>L>``}iv
i}> i> i}QR/ii V>}ivi
i>ii>iiiVi`V>iviViiivi
i>ii]ViVi>` >ii>Vi iiV
>>i>}LiV>iviL`ivi>VV>`>i
>ii`vV>>ViVviiV]Viiii`
Vi>>iiV}]iiV>iv v>>ii>}v
>>Liii>VV>iii`>iii>}>i}
viiV>]V}]iiiVi]Vi>`iLi}>>`iVi
i]>`>iLi V`i`ii>}>/Li>
i`ViV >VV>iiV/iV]
ii] i}i i i>i >}i ViV Liii iiV iVi
>`iiVVii>i>ii q ViVv
`Vii
iiv>ii`vviiv>ViviiV>i>ii]iiV>
>Lii>i` }i>> >i>>>Liii>`/i`i
viiV> V`i>>i iV}ivi>>ii>
ii]L`i>`iiiV>i>iiLi}>L>`i`
V>\7i`i>v>iivi>}iiV>
V>Li}iV}vV>Vi]L i` LiiV}i`>>} i
V>ii> V>>Viiiii>ii

->
/i >v`>i>i>i\
U
>iiV>}ivi>}>`iVvV>>iviiV>
i>iii>i>vi>iviiV>``iVLiiV
>>>>i>V>>ViV>`iVi`}i>i`>i
V>i>Liiiii`LiV> i>i
U iii>>iV>iv>i>vi>iviiV>>iLii
v`]>>iiVii`V>>ViVvii>}LiVi>>`
V>LiiV>iiii`

->

U ii>i>vi>iviiV>`iLiiii
iii>ii>ii>ivi>V>
iiiiiv}ii>>

n>>iVviiV>i>ii

iV>i`vvii``>>iV>`Vi>iiii`>
Viivi>iiviiV>viV`iii>i
iLi>iv>]ii>V>iVV>vLiii>>iiiv
>vi>ii/i>\
i>ii>>>ii>viii`i}i`
iivviVi>}>/iiivviViiviVi>
ivi>ii>i`iiVi`]ViVi`>`V>i`]iii>}v>i
iivii>ii} ii LiLi>ViiiLi
Li `i} v] > VLiiv >>] > i>ii v i>i i
>i>`>}i>v>L*>}]iVv}>`V>}
i>ii>i>i>>}ii>ivi``>>ii
`i}ViviiV>i>ii/ivviViivivi
ivii>ii\-iiV>i>iii`}ii>
>i>>Li>i]L >i>>>Vi>iii>i>`iVvV
/iiVii>`>VV>i>`>`i`iiV>i>
}Vii/i>>ii`iV`i` >`>>}i>i V>LiV>i`
`i i`iii` V` `vvii >Vi >` i i V>i`
i>Viii]i>ii}i>`>`>>}i\,ivi>ii
V>Li>iv>i>>`V>V>>>vi>ivi
Vi`} i>}LiV>`/iVvV>iV>ivii>
}LiViiV>

n/ii>}LiViiV
iViviiV>>ii]iiVii>}LiV/i
LiViiVi>>iivii>Vi`Vv
VV>i>V>LiVi`ii>>viiV>
>ii>`ii`iiiV}iiv``>QR
>ViiVi]iiVi>i`iv>}ivVViii>}L
iVviiV>iLi`iii`vi>iii}i]iV
i>> > q ] i }ii>] >VV> >i> V iiV
>i >>vVv q V>Li}i`QR >>iiV>V>
>ViVviiV> iv}
`i}iVi>i}iiv`>ii>}
LiViViiV-iViiV>LiV>]viiVi]
ii>}ii>i``ii`ivi-iiV>]Vi]Li>

>>iVviiV> i>ii

i` >`iv>VV>>ViiiiiV>i]iii >i
v>i` >`>>Lii>VV>`v iii}}>}
iiVi/iii}ii>vi`
iViiV}>L>>Vi]iiVivii>}Vi
>`iiVivVViivV>ii>>V>}ii>i
>>Vi`}LiiiVi>ivvV>`iVi`}
ivv]iV>Lii`>}V> v>
`i>}ivVi>>>V>LiiVii`>Li}>i`v]
vi>i]i>viViiVi>i`>}>iiiVi`>
v>>iiV q VvvV>L`ii>/iV>
>ViVv>>iiV>ii`VV>ivV]>`>
iV iiV iVii` > >> iiV] i iVii` > v
iV iiVV>Lii>>i`v vV>ViVV>V
V>i>
/>iV>>i>`V`ii`
>i{i`Vv`ii
}iii]i}Vi>}>LiV>i}i>`
>`iv>i>V}iiivi>ii>>V>ivi
`iiiii>}LiV\
`iLi>LiVi>Liiii>iiiV>i>
}LiV]iVV>iViiV>>vLi`V
ii`>`ii`"ii>Vv`>>Lii>`iV>
Li i > > i i>} LiV i i ii> V>>ViV
Vi>VvL>i`>v>`vviiiii]VV> v>
}ii>iv>VV>>V]VV>i>Li>i`i>Li}`
Vi`ii\
}> L>V}` >Li>i>iiViV}V>
>VV> Lii>}>V>V>}i`>>>i>}i]L>
Lii i`>}ii> iv>VV>>VQR
Vi>i>\/VViv`i} iiV> i>ii
iVi>iLi>i>v>V>]iViviiVii
/ii>>iVii>}LiV>iiii}iVvV iiV
>V>iV>L`iVLiV>V>>ViV>`i>
iviVi`}vV>i iiLi>i>vii
ii >}>V> V>}i > > >i `>i i i v i
i>ii>>iLiii>Vi``ii`i vi>V>Vi
VvQR]Qx{R]QxR/i >iivi>iivi>`>>}i>
iiV > i>ii V> Li >`>`i` L > viL `i
}i`
v} iiiiv> vi>ii]i}iVi>>>
viiiV> /i>}i>}>i>ii`i
iVi>iV}iLi vi>}iviiV>i>
ii]L]Li>}`i>v ii>ii]>>`iVvi

/ii>}LiV iiV

i>ii`i>"i`i>>>Lv>`>`i`Lii
>i`QnR>}i`}V`V> >iivV>
>>`>`i`i>ii]>`viVi>iiV>Vi]L
V>>Li}>`>LiVVii>>ii>iiiiVi
vViiV`i>i>`]ivi>i>>iVv
>`>iiiV>i>iii>ii>iVV>Li
>i`v]>`ii>iii`>`iV>>ViVi>
>`Li`ivi`/iiV>>ViVi>>`>i`ii`v>v>V
`i>viiV>i>ii}ii>
`i>>ii>Vi>`iiV>>iivvi>>i
vi>}Vi`iv`>`>ivi>i>`iii>/i
>>`ivi Vii>\
U
U
U
U

V>`viVi>}`ii>iviiiVi}iiiV
iviViiVii`iiV
>i iiVii`iiV
VV>iiiVii`iiV>ii

iVviiV>i>ii>ii>i`iVi]>i
i>`VV>Vii]L> >Li`ii`vvivi`>
>iVVii`i>}>`VV`}iiVii]V>\
U
U
U
U
U
U
U

VVivV>L>}V>}>V>iV
VViviiV>i>>VViV>iV
VVivii
`iV`}iiv>viii>LLi>i` /*ii>vi
`iV`} i `Liiii`
>>}i`>>L>i`
ii}ii

i`\/iLiVviiV>>ii>iiiV`>i
iLiViVii>`>`>i>>i>`>>i>
i>Vi>>/iLiVv>ii`iiVi>>iLi
iiiV`iiii}i>i} i>vVi}ii>
i"ii>>` >ViiiV>ii>Vii
vi
1>iiii`vi`]i>`viiV}>>`iLi}
i Vi v iiV > i>ii /i i i i> v >i}
iiV>/iiiiV>i`ivi`ii>v\
iiVi
iVi`ivi>}iiiV>iVi>
vi>iviVii`iiVi>v>}>>>i>i
iiivi>i

>>iVviiV> i>ii

}iii>vi>ii]iiiiiv`>}V
iV>Li`iii`>iLi> vv iv}Vi>QR\
i
U VivV> L>>i`
U V>LiiV>i``i>`>`V`
U >>i>i`ivvv iLiVLii}>i`iiV
iLiV >Vi>Vi
U ViV Vi> iV> iVi V>>ViV] Li>> `]
>Li]i`}i
iV>ii>iVviiV>i>ii >`i
>iiiii>i`v>`vvii>}i>i}
>Vi>>iVvi>ivii>iiii
viViiivii>ii>`>ii>iVi>V
iiViii>iviViLi>>`i
>` i >i Li Vi` > > i` /ii >i ii>
i>v\/i>iLi}>i`}ivVi>
`vviiiiiiV>i>iiviiviiV>}iii
>`V>Li>vii`iiviiii/i>viiV
VV>`vviiVi>`ii>ViLiV>iiiiV>`
i}>>ViiiV>ii>i>>`vvii}i
i>V>Li>`>>iiiiV>i>ii]iiV>>
VV>iVi]>i>ii>>>Li/i}i>iiLi
v>>Liii>i]ii`vvVivii>ii
>` iii > ii>iiLiVi> i>
iiV>i>ii>`>ii ii>i`vviii>}
i`}i>`i`]>i >Vi`ivi}>`i>>}/i
V>>Li`Vi`iiii]ii>i}ii>iV`Vi>
}i>i}iV>`>ii>Li>`>ii
>i iVVi`ivi>}iiV> i` `>

n/>`i>viiV>i>ii
}ii>V>Li>`>iiiV >i>ii>i`]ivV
>Vi`ii>>}ii>`iv>VvviViii>ii>
i i i > > i v i>} iiV > i > >
i>>i`V>iiviLii` > }i>i`i>\/i
L>V}`]iiiv i>iiv>i}iiV> Li >
>i`/`Viii`i>`]>>`ViViVi`i]
>`>>VLi}}i>}i`>``i
}i>Vii>iV`Vi`/i>i>i>iV
v>viiV>i]>}vviv}i\7>

/>`i> viiV>i>ii

iii>`>>Vi>iiiiii>v>`iiV>
i>ii/ii>iV>>iviLV>`i>}iVvV
>iVv>viiV>i>ii/i>VL
>ii`Li\
U V>}\
>i}V> >]>}`i >]*>i`
>]
,i>V/ii>iiQnR]QR]QR]Q{R]Q{{R]QR]QnR]QnR]QR]
QxR]QR]QR]QR]QnR
U iV`} i ``> `vviiVi iVi} iV iiV QR]
QR]QR
U v`} i`iviiQR
U iivii>iviiViii>i}iiVQR
U iivviVv>}>`>iQnR]QR]QnR
U iiViLviiV`iiV>iQR]QR
U iviVivVi>ivviVQR]QR]QnR]Qn{R]QnxR]QR]QR
U iivV}iiV>iQR]Q{{R]Q{xR]QR
U `>}>i>`VQR
U iviVivi``>i>iV>>ViV>ii>i
>ii>i iiV >>iiQR
U iviViviviiVi>ii>iiii` ivi>
iiQR]QxR]QxR
U ii>}vivivi>iiQR]QnR]QnR]QR]QR
U i viVi v i >i> i i v i>ii QR] QR]
QR]Q{R
>viiiiii>iVi`>Li>iV>i`i>}
vi`iL>>LiiiiVii>V>iiiiiivi 
``>iV>ivviV>i>i>>i`ViViiV>i>
ii] ii i ` i> Li ii` `i iii
>ivi}>>`i>`iVii`}i`}iviiV
>i>ii>`iiiViv>VvviVi>ii`/>Li
n

/>Lin-iiV>i>ii\v>VvviVi
LiVi
i>LviiVi}Li
i>}Vi`i Viii
iViiV
i>}LiV
iiVi}L
i>>`
V>v
6
>i
V>i
i iV>Lii`Vi``iiiiV`i>Li
i>VV
6> iiQ{nR

>>iVviiV> i>ii

/>Lin-iiV>i>ii\v>VvviVi
LiVi
i>}Vi`i
i>}LiV
i>>`
V>i
i>VV
>>-QR

i``>>iiv`vviii>}Vi`i
--1-/i
iViiV
iiVi}L
i>VLi>}>Li] iLi``i` >i>VLi>}iiVi
ii>i`vviiViLiii>`Liii]>i>}i`i>
]>Ln>/*V>LiV>>Vii`>>i>i}i
}

LiVi
i>}Vi`i
i>}LiV
i>>`
V>i
i>VV
>>-QR

i``>>iiv`vviii>}Vi`i
-
6
`ivV>i
iViiV
`ivV>vV>
V>v
6
>i
ii>i`vviiViLiii>`Liii]>i>}i`i>
]>L{Lii>>\}L>>`>>Vii>
/*V>LiV>>Vii`> >i>i}i }

LiVi
i>}Vi`i
i>}LiV
i>>`
V>i
i>VV
>`iQR

>}iv/*>>v>VvviViv>i}i>i}Li
-
6
`ivV>i
iViiV
`ivV>v}iV>
V>v
6
>i
iiiLi`ii`i>}ii`>>iVi>ii

LiVi

>V>>ViiViiV>>v>VvviViv>i}i>i
}Li
i>}Vi`i -
6
`ivV>i]iii`i
iViiV
i>}LiV
`ivV>v}iV>
i>>`
V>v
6
>i
V>i
/*>i>V>i`iV iiV }>Liiiv
i>VV
>`iQR iiiVi`]viiiVi`ii
LiVi

>V>>Vi iV iiV > > v>V v viVi v > i}i>


i}Li
i>}Vi`i }`i`i}
iViiV
i>}LiV
iiVi
i>>`
>}`i`>iii>`>iiV>iviV
i>VV
}>`-i> iiVi>`>>i`ii`iiiVi
QR

/>`i> viiV>i>ii

/>Lin-iiV>i>ii\v>VvviVi
LiVi
i>}Vi`i
i>}LiV
i>>`
V>i
i>VV
}iL}i6>
iiQR

viViviiiii>`>>>Lv/*
-
6
`ivV>i] iii`i
iV}>}ii>i` L>>i>`>`iii
`ivV>v}iV>
V>v
6
>i
`>>`V>i>i>`>>iiv>ii>
v`ii*Lii>>\>iii
L>i`]>`VVViLiVi i>ii}>ii
>i >LiiiviV}}

LiVi
i>}Vi`i
i>}LiV
i>>`
V>i
i>VV
-V>Li>QnR

Viiv>>iiiV
Viiiv>`
iViiV]>>iiV>`iVii>`}
>iVv Vii
x>>i>>}i
i>}ivviVvViiviViiV>vi>i`v
i}vV>`vviiViLiiii`vviii>} LiV

/i>vii`i i>i``>>iV vi>ii`i


iV}iVi>i>`Vi>ivi>VL>i/
Li`ivivi>ii>iLi>`i>ii>>i`/i
iivi`i>`iV`>`v>VviV}i>ii
i>viVi`vi>}iViiV>ivii`
>>i>i>`Liii`Li>Liv>>iiV}iV
>` >> iiV }> >i V V i >i L V>i v
v> i v v i iV }> `vvi }i> v >>
Vi>/iivVViivii>} LiViViiV
>`i>>vViVi``>>viV>iii>}viv
Vi
vii>iiv>vV>iiV>i>i>]i}i
>}>vi>i Li}>V>>>iiV`Li>
>i`>`iviViv}iiiiivii>iiLi
i}>i`/ i`ii>iV>i`i}>> `i> ``>
>>iivii>iiVi>]>iii>viVi]>`v
i>VVviVi]`Vi>>>iivii>iiVi>>i
iivii>ii`i>i vV>Vi`i>V>>
iVi>i}ii>iivi>v>VV>/i>>
ii v ii i i>i` L ii>} i >i v >> v i
>>ii>`>>}iiiLi>
7iv`}ii>i`>iv}i>>iiviiV>]
viVi}>ii`>i>>`ivii>`/
i>>ii`i`i>iv>VvviVi>iviiV>`i

>>iVviiV> i>ii

}i`>`}ii>ii i>iiiV>iVvV>iV
iiv]LVVLi>Vi>ii>viiV>i>i
i"Vi>}>ii>Vvi iLiLivi]
V>iiviiiiiVi>ii`}iviLiV
>ii`>Li]ii`>V>>ii>LiViiLiV
vi}>LV>Vi>i>L`i}]>V>>iiVii
>iV>>ii>ii`>ViiVi]iL>Lv VVii`}
}>i}iLiLiiiViii>vV>Vi]>`
iiiVi>i>i`}iviLiV
>}iVivVV`i>viiV>i]V>Li>`
>i`}iii>ii}>>LiVi`ii]
L```>iVV>>>>LiiviiV>i>i
i>i>ii7`L>iii>`Vii vii
i>ii>iLii>>i`VivV>]L`ii>>iv
ii>ii>`i>i>/iiiv>V>iiV>ii
v`iii`>i>`ii>viiViV}
>`ii>V>iiV>i>ii >iv}i>Liiv
ii]`i>`>L`Lii}>ii}iii`
`ivVi>>iiviii>iiVi>ii
>>i>`i>i V/`Li`ivii
ViVi]L>v>}>Vi>
ivV>LiiiVi`>iiV>i>ii>iv>Vi
LiVivV>i}>i`>`VV`>]`V>
LiV>iiiVivV>i>>`}v>iii>ii
iv>viiV>i]>`i>i`iVi>`V>vV>
i ` i >Li i i v i i>ii i >Li
Liiv

n-iiV>i>i>}
`i>ii>iiiv`}}>`V>}iiVii`>
viiViii>} ii>`iiii>iv>`
i  > v> >` >` > ii >
>>ivV >}>iL>v`>>>>>` ii>
}ii>>>i >>vi`v>iV>i>`V
ii}iivi` `Vi`iivi>>`>VLi
Vi}>Vii`V}`>>`ivvii`i`i>Vi}>/i
>v> iiviiV}i`v>vii\

-iiV>i>i>}

U i>}i>Lii>Vii`
U i>V}i>}ii>Lii>i`
U iivvvi>V}i>}i>Liii`Vi`
/i>vi `ii`vi7iiviiiiV
>ii>>i>>>>vVvi ii
vi>Li`i>ii`>VV`}i`iv>`i]>V>Li
>Li`i/ii >ii>i}ii>iV}i`>`L`}
i i} ] >`>` i}> > }i V i i v V
i>i`iiV>ii`\-iiV>ii
i>Vi>`i}iiv>`>`>
ivi`viiV>i>iiii>i>Liv>`>`i
Vi`i > `i> V>} `vvii >iV v iVii` iiV >
/iiiV>Lii`i>ii}L]`]i>>]i>}
>i]iiV>i]>>iiiVViiVi`}i>`
iL>VV>iViiVi>``iiVi>i>`
>}V>`i>

ni}LiiiViV}>`>`}
"}iVi>i`vviii>>`vViiV>i
>i`i]LiViL>i>}vii>>`i}i}L
i}iiViLiLiivi>}iv>>>Li>`>`
Vii>V>iiV>i>iiiivii>i
i>}Vi >>>Liv>>`iVLi`V}ii>i>>Li
/V>Liiiii>iviiVi}Li/iLi
Vii>ii` iv} >``iVLi`i`i>iviiVi
iiV>L>>`iiV>i-*iV>
Lii`ii/ >>`>`iV>>Li]i*VvQR*ii
>iLi`>N]i>7iiViV}]iv}Vi
iviiVi}LLi}i>`>`Vi`i\
-->`>`-i}i> /i
>`iQR
/i V>L>\ -}i ` i Vi
6 V>qi] 6
6
iqV>qi]6
iqV>>`V>>
i>}]>
>>`v>iLiV>vi>}i>}>}i]6
vii>]]/iV>L>V> >\
>]]]>]]]o>>]]]>>]]o>]]]o
/ii >i>>>>Liv }]i>]-i`>` V
/>\*i>ii`>>ii>` iVLi>i

iL>i`>>vii
vii>ii\>>ii}iV>>i`ivi`
>]i`>>`v>v>`

>>iVviiV> i>ii

i`ivV>/i

iVQR
/i V>L>\ i>V Li>} >Li V >i ViV
i}>`i>VV]>}iVi
6]
6
]6
i>i}ii
>i`LVi`ii`}iLiViviiii>
->V>v>i`ViViV`
ii\-,\]o,>1-]o9]o
/>\ i>i >i > i v > >i i>` iV Li
>i
iL>i`>>vii
vii>ii\>>iiiV>Vi>Li
V>Li`ivi`
iVi/i
-i}ii>QnR
/iV>L>\
6
i>Li>iiV>ViV>`
i>V i V v > i>}v >` > i>}i i\ >q}]o
>q`]o`i`q}LLi`]o
/>\ *i>i >i > i v > >i i>` iV Li
>i
iL>i`>>vii
vii>ii\>>ii}vV>
>LV`V>Li`ivi`
>}V,i/i ,/ >L>QnR]6iQxR]*iVi,QnR
/i V>L>\ i>}v}v>Li iVi
6

V>vi>V>>>i`i>VV>i`>ivi`
V`vvivi>ViLi>viVV>vi>V
>V}]>>]i]L>]}>ii]V>Vi*>v
>ivi`\i>qvii]ii`q`ii`]iiqLii]}q}]ii`qii`]iq
i>]o
/>\ ii i> i ` > > i >` > > > >i} ii
Vivi `ii ViV,iVi`VViv>i

iL>i`>>v ii] >i>}}ii>i


vii>ii\>>ii}vV>
>LV`V>Li`ivi`
`vi`,i/i,/
ii>QR]}>Q{R]-ViVQR
>i>i]i>iV>L>\}vi>VLi>}
>LiiVi
6
/i>V>vLi>>`v>V
>>i>ii>>i`>``i>VV> `]
vii}`>ivi`>]i`>]v>>>iiii`i
/*>i}v`vvii/*>i>iv>i
>ii>`\
VV\ >1
6>ii>>`}\ >]>]>]>]>] >
/i i v i } >}>}i V v x iiLi v >LV
`V>i>>iv`

-iiV>i>i>}

/>\*i>i>i`>ii>`,iVi`VViv>i

iL>i`>>vii
vii>ii\ >>iiV>>`i
>LV`V>Li`ivi`
>>`*V>VV-iiVi
ii>QR
/iV>L>\>Vi` ivi>VLi>}iiViVi>VV`}
viiVvVViViv``>ii i } >}>}i
,Vivi ii`` L
iiii>i`>LiL>V}`
/ii`>>VVi i} >>i`
/>\ 7i`>>i i>`
iL>i` >>vii
vii>ii\>>i`i}L>iiViVi
>-iiVi
ii> QR] iE>iLQR
/i V>L>\ > Vi` i v i>V Li>} iiVi Vi
>VV`}viiVvVViViv``>iii }>
}>}i
/i}i>V>ii
/i`VViL`
/i>iiV
/>\ 7i`>>i i>`
iL>i` >>vii
vii>ii\>>i`i}L>iiViVi
-i>V>1i`V>Li-iiVi-1-
ii>QR
/i V>L>\ x i>V> i`V>Li iiVi > V v
i>}v>LV`\ /i>>`i}
iiviiVi >iiiii`]iiLi>ViiViVv>
>iiiV
/>\ 7i`>>i i>`
iL>i` >>vii
vii>ii\>>i`i}L>iiViVi
/v>`>`iiVi}LiiiViV}>
ii>>}iV>>Vi>viiV>L>ii>}i>`vviiVii
``>iVi`i/ii`vviiVi>i`iiiVvViii
>`V`vi`vvii>V>/iiiii}>`iii`
iVi>ii}-ViVii>`i}i`ii}
LviiV>iiiVV>>`iii>i`
V>>LiLi
/i`vviiViiiiVi}Li iiVi>ivi i>iiiV
iV} >` >ii>>ii`>`} i>
vi`V>>ViVvvi}>>ii>i`>iVi>iiV
iV}/ii>iV>i`i>i>>ii>}`ivViVi
}i}]i}L >`V>vii>`i
}

>>iV viiV>i>ii

-VLiQR]>LVQR
}>>ViQxR
}>>ViQxR
>i>Q{R
/V}`Q{R
iVi>QR
>}i>Q{R]QxR
iQ{{R]iiiQ{xR
i>QnnR

>i>Q{R
ii7ii>QxR
7>}iiQxxR]QxR]QxR
>`iiQR

Lii
>Vi}>/i/
/ii>Lii
-iiV *iVi i /i -*
/i
-iiV*iVi i/ii>
iv-*
-iiV i-iiVi/i

i` i -i` -iiVi v -iiV


i}L/i
/>Liiivi>
i>} i-iiVi/i /
}i-iiV i}L/i
i> -iiVi i/i }i
-iiVi

i`-ii>-iiVi i/i
"`iL}-iiVi
`>i i v i }i >`
"`iL}-iiV/i

iiiVi>>iLii>i`v> V>i>i>>V>]`>}
V Vii > i ii `iv} }i iiV Vi i}
i]>Li]`VVi>iiii>L`iviiV
}L>iV>iVivV>ViViVi`]ii>`vviiViLi
ii`iv}>`Li}V>>Liv`iv}/`V>>i
i>i`ivii}L\i}Li>i`ivVvLi} >Li
Vii` >ii >` >} i Vii > ii >i
iiiVi
iiL>`Vii>i`i`
iv}>\
>ii>`LiViiLiiV>Liii>i`Li
iViiiivii`i>Vi>iivViiQR
 >`}ViiL iii>>ii>L `iv/i
i> i>iii` iii`vviiiViV>Li
iv}i> Li>Vi`iL`ivi}>`
}> V>>ViV vvi] i `iVL} i iii >` vi>i v
> viiV}>>` iiV `]iiL>>V>` i
>i`Li>Vi/iLiVLii>i`> LiiViiV
 iV>iviV>`>>iiVi}L}ii}i
]LVi>i>vi>iviiV `viiiV
` >i i}Li] i i vi>i }> }vV>Vi] v >Vi i]
`] >VVi>Vi] >>i] ivviV v iviiVi V>i` L >

-iiV>i>i>}

iViii>>/i>Vii>}ivi>
i>>iLii>i`>i\
*`\
Vii>QR]>`iQR]->}Q{R]->}>`*iiQxR\
*`V>`V/i
ii>+>\
>`iQR\- "i>+> /i
/1/"i>+>/i
>i}>iii\
$FFHSWDQFH 'R\RXWKLQNWKDWWKLVYRLFHFRXOGEHXVHG IRUVXFKDQLQIRUPDWLRQVHU
YLFH" 


\HV



QR

2YHUDOOLPSUHVVLRQ +RZGR\RXUDWH WKHTXDOLW\RIWKHVRXQGRI ZKDW\RXKDYHMXVW


KHDUG" 


H[FHOOHQW



JRRG



IDLU



SRRU



EDG

/LVWHQLQJHIIRUW +RZZRXOG\RXGHVFULEHWKHHIIRUW\RXZHUHUHTXLUHGWRPDNHLQRU
GHUWRXQGHUVWDQGWKHPHVVDJH" 


FRPSOHWHUHOD[DWLRQSRVVLEOH



DWWHQWLRQQHFHVVDU\QRDSSUHFLDEOHHIIRUWUHTXLUHG



PRGHUDWHHIIRUWUHTXLUHG



HIIRUWUHTXLUHG



QRPHDQLQJXQGHUVWRRGZLWKDQ\IHDVLEOHHIIRUW

&RPSUHKHQVLRQSUREOHPV 'LG \RX ILQGFHUWDLQZRUGVKDUG WRXQGHUVWDQG" 




QHYHU



UDUHO\



RFFDVLRQDOO\



RIWHQ



DOO RIWKHWLPH

$UWLFXODWLRQ :HUHWKHVRXQGVGLVWLQJXLVKDEOH" 


\HVYHU\FOHDU



\HVFOHDUHQRXJK



IDLUO\FOHDU



QRQRWYHU\FOHDU



QRQRWDWDOO

>>iV viiV>i>ii

3URQXQFLDWLRQ 'LG\RXQRWLFHDQ\DQRPDOLHVLQSURQXQFLDWLRQ" 


QR



\HVEXWQRWDQQR\LQJ



\HVDQQR\LQJ



\HVYHU\DQQR\LQJ

6SHDNLQJUDWH :KDWGR \RX WKLQNRIWKHDYHUDJHVSHHG RIGHOLYHU\" 




PXFKIDVWHUWKDQSUHIHUUHG



IDVWHUWKDQ SUHIHUUHG



SUHIHUUHG



VORZHUWKDQ SUHIHUUHG



PXFKVORZHUWKDQSUHIHUUHG

9RLFHSOHDVDQWQHVV +RZZRXOG\RXGHVFULEHWKHYRLFH" 


YHU\SOHDVDQW



SOHDVDQW



IDLU



XQSOHDVDQW



YHU\XQSOHDVDQW

iii>ivi>}iVii`V>>ViVviiV`
-iiV`iii>i>ii >i>ii>iV>i
vivi>iLii}>i`
/>iV`>>iiLiviii>ii>i>
>iii>vi>i`iV`i`/i`>Vvi>}>`i
}Li>VV>i>]vi>i]>iv>Liiivv
>i>`>`iiVi >>iLii`Vi`ii
/iv}>>Vi>``iiiVi}L>>vVvi>L
v> `>}\
iVQ{R]iii>Q{R
,V>`QR
iQR

>`/i
*V>`/i
-
i>/i

n{->
U /i>viiV>>iiv`ivi>>`vii>
}LiViiV
U -iiV>>iiV>Liii>>Viiii>iiVi
`iVV>} > viiVi
U /i>v Li>}>`V>}iiii>iv>i>>`
Lii>i`>i`i`ii>>Lii`>ivii
Vii`V>}
U /iii>}`i`i>>i>Viiii>
}V>>}ii`iiii>ivii>>`-V>}]i

->

i >`] ivi i >Vi > VVii `i> i Vi v


>L}i>Lii>i`>`iV>iii>`ii>i`>
>`iV>i>i-V>}i>viii>}Vi
U iiV>i>}V>i>iiV>i>i>iV`>`V
V>iii>i`iviiVi>i`Li>>`>ii
U /iii>vV>}V>ii>V>i`ii>}
i ii i i` v V>} iVii] >` ii> i
i>}}>i>}>>>V>iiviLi>i}>
i}>iLiV
U iVi>>iiviiV>i>ii>ii>`v>vi
V>iiiViviiiV>V`i>]ii>}>`iVv
V>>ivi>ii iv>`i}VViiV>iV>
iiV>i>ii
U >VV>iV>i}V>>i`vviiV>iiii>i/i>i`i}i`
ii>}>VVivii>ii>Lii`iV`i`/iv>
vii>}V>i>`>i`i>Vi>>iiV>LiV]
i`ivi>iv>> LiiiVii`>`>ii`
}i}]iv}>iV>i>viViiiV>
i>ii\
U V>}
U ``>`vviiViiiViviViiV
U ii>iviiViii>i}iiV
U >}ivviV
U >i
U iViLv `
U Vi>ivviV
U V}
U >i>`V
U ``>iiV>>ViV
U i>i>

/>`i-Viv-iiV+>i>ii

 i i V>i ii> Vii v >>} `vvii >iV v


Vi>`iiV>iiiii`/ii`iiL>>>`
ii`iiV`/ii>iiiiV>i`>`vvi
i> `/iii`Vi`ii }i>i>i vi
Vii>`>vi>ii/iViiii>`iii` vi
vi`viiViV}V>i]ii]ii>`>iV >
>i Liii>iiLi`Vi`
Vi>viV>i]ii>i>Liviv`ii
VvV>iVv iiV>>]ii]`}Li`iii>}i
iiLiV>iiivi`viiV>i>iiV>
Li`ivi`/LiV>iii}iViiiVViviiV
>i>}>`Vi`}Vi>>>LiVivi>
iiV`LiV>vi`
/V>iiii`iL}>VVi>Vi
viiV>i>}/iL>vLii`V>>i
v>>i>Vii>iV>`ViviiV>Li
i>V>i>i`]iiLi}i>`i>`Vi VVi
i}iViLiVi>i`>``ii`V>>>>V>}i
ivi>vviViiV>>>i/iiLi>i`i
>V`>i>`i>`ii`iVi> >iii>v`iVL}
i>i>`ViiiiV>i>ii

/>v>viiVi
6> ii6>iiQ{R>>i>ViiiV>
i>ii]iiviiiViV>ii >iiiii`
ii/iiViii>>vi`vi>}i>
viiVi]>`ii`iii>}LiV>`ii>}
Vi`iVv}/i>>Vi>iv>>>V>Vi
ii>`>`ii>}LiViiViiii/i
v}i>iiVi>>iLii >iV`i> v>>}i
>viiVi\

/>`i-Viv-iiV+>i>ii

JODVVER[

EODFNER[

ODERUDWRU\

ODERUDWRU\

ILHOG

OLQJXLVWLF

DFRXVWLF

DFRXVWLF

DXWRPDWHG

KXPDQ

MXGJPHQW

JOREDO

IXQFWLRQDO

DQDO\WLF

JOREDO

DQDO\WLF

}/>vi>}i>viViiV>VV6> ii
6>iiQ{R

U -`iiiv]`i>vivV>Liivi
iLii}>i`}>L
U -`i>viiiiiivivviVviii
v>ViiiiLii}>i`L>V L
U -`ii>iiLiivi`>>L>>vi`i
U -`}V >VViiiLii>i`
U -`Li>>iii>}Vi`i > i>
i>}Vi`i>>i`Lii`
U -`i>>vvi>iviViiVLi}i`}i`
VV>ivV Lii>i`vV>
U -`>}L>i>>Li>>i``>>V>i>i`>iLi
>ivii>}LiV
/>>V>ivviVv}>`>}iiV>
i>iiiiVi>>iVvii>}LiV>i
>i`V>iLiiV> V>vi>}i`>ivi
i>vi>iviLiViiViLi}i}>i`/i
>>iV v>ViiiV>`iviiV>i>
ii}ii>>iiV`i`]LiV>ii>>`iiV>

iViVvV>}i

`iii]i>>V>iVi>Vii>}vi>i
iLiViv i >i Vi>vi` >` i`Vi} V>vi>i
>i`/>>ii>Liiii>>V>Vi>`
iiViLi`iVLi`/i>>i> `i>i>vV
>>>]v>Vi>>iiV`]>>``iViVi>

iViVvV>}i
>>i>`Liiii`i>Vi]>i`Vii
viVV> i>vii]>iii> Li]>vi
iviiiii>ii/>>iiiiiV
>i>ii/ii>}iivii>V>v i>}
Vi`i>>V>Vii}ii>>`iii>vii>
i`>iL>i`i>ii>iV>i`v>iVvVi]>`i
>Vii>iiivi`>`iiVii>i`>
i>ivvii>iiLiV`V>i`>Li
iiVv Q{R\
U i>>viii}>`i>V>i>>
U >i}i iv>VivVviVi>ii
U >i}v`>}Vi]`>>iv>Vivi`>}
VV`}]iii>ii`>v\
>>\`ii>viviv>iv>i q `
>ii`] i]>>ViV/V>v>iVii]>
LiV>>i]>iiV`i>Li`iviii`
ii\i>iiviiv>ViiiVii
Vi>/V>i`V>iii]ii>i>ii
i>v>iV}]VVii}ii>vi>iii>
>}\`Vv>iiv>ViviiiVi>
>vi>VivLi/V>i`Li`iii]
Liivvii`i`i>i
/iiiii>}i>iVi>`V>`i>Vii>`vvi
ii`ViVi`>>ii]i>iiiV>i>ii
>>ViiVi>>iiii>iiiV`>i
`V
-iiV>i>iiViv>ii>}iiViii
i>iiii>iiivii>ii>i `
iViii`ivi>iLiViiii>vi
i>iiv`i}>LiiV`iii/i>i
V>Li>`vViii>}iiV>/i`vviivVvL

/>`i-Viv-iiV+>i>ii

2EMHFW6SHHFK6RXQG

PHDQV

SXUSRVH

REMHFWRI
EDVLFUHVHDUFK

DSSOLHGUHVHDUFK

EDVLFUHVHDUFK

SURGXFW

REMHFWRI
EDVLFUHVHDUFK

DSSOLHGUHVHDUFK

EDVLFUHVHDUFK

PHDQV

SURGXFW

SXUSRVH

2EMHFW6SHHFK4XDOLW\0HDVXULQJ3URFHVVHV

}-iiV>`i>}Vii\>iVvi

LiV]ii>viiV`>`i>iiVi`iviiV
`>]>i>i`>v\
/iLiViiV`
i>
U L>Vii>V i}iiV` ii>VVV>>Vi
U v>i`ii>Vi}iiV` iViv`ii}i>}>`
*i
U LiVvL>Vii>Vi}i>}iiV`iViv`vvii
iiVi
U `Vi}iiV` >i v>ii
/iLiVi>iiVi`iviiV>
i>
U L>Vii>Vi}Vi`ivii>V}iViv>v `V
>
U v >i` ii>V i} Vi`i v `ii} iiV > iV
i V > 6Vi i ii *V] iVi v >>
i
*i
U LiVvL>Vii>Vi}i}>} viV}v>Vvi>ii
U `V i}Viii>}iiV>>>ViiVi
/ii>iVviiV`>`i>iiVi`iviiV>>i
>i` }

-iViviiV>i>ii

-iViviiV>i>ii
`iVv>i`vviiiiV>i>}Viiii>i
`vviiVi]>`Vi`
>in i>Vi>i>v`ii
} i Vi] Vi] Vi >` Vi> v i Vii v
i>}iiV>Vi}>>`ii`vvVLiv>V>
i>Vii>ii>V>i`]iiVivii>Liii
`i}i`ii>i`]viVi`LVi>v>V>V>Li`V
V>i`/>>i>`Liiiii``>iVVi}iiV
iVi>`>iiii `Vi`/i>>iiViv
iiV > i>ii `> >i > i v>V > V> viVi
i>ii "vi i viVi V> Li i>V `ivi` >` `iVLi`
``i viVi Vi >i i i > } Vi>
V>}iivi>ii iii i` >i Li `iVL
>Liiiivi>ii}i>ii]LiV>iiVV>
ViVi
/iivi>`iL>i`>>viiV> i>iiiv>
vi>>VL>i` i`Vivi>i>ii`>Li/
`ii>>iiV>iiV>Li`ii` q >i>L>i`>
>V`iiiivVviViiiiviiV>
i>ii>viLii>`]iiV>i>ii>iiVvi`
>VV`}iii>iLi-ViiiV`iii>}
>]ii>>`]ii>}LiV]}ii>}viV>L>
>`ii>iiVi/ivV>Vi`i>Vviiii
>i`iii`Li}ii>ii>`iivivii
>Vi>iiV>>ii>ivV]LviivVv
Vi` >`ii>ivi>Vi
V>`iviiV>i>iiLiVi>Lii
V> vV> i ii> Vi >` vi>i QR] QR /i
>VivvV> i`i}iivii>Vi>V>}i>
>ii`>ivii>}viv>iv>i>ii
}i>>ii>>iii>ivV viiV>
i>ii>ii`>>viV>`i V>ii>>ii
>i`ii`i>vi>i`ii`ii>`ii`iV}>
V>`iVi`LViV}i
/i`i>>iiiV>i>ii i>>ivvi
>vi>LiVi>Li>`iiiVi]ViiVi>
i >VV> Vii iVv} >` >} iiV >
i>ii q `ii`} Vii`iLi q iiV
ii>}LiV iiV`Viii>}iiV>
>`` >iLiiV`>``Vii>ii>>i>

/>`i-Viv-iiV+>i>ii

VWDWXVRI
VWDQGDUGSURFHGXUH

PHDVXUHPHQW

VSHFLILFSURFHGXUH

RU

0HDVXULQJ0HWKRG

PHDVXULQJ
WHVWW\SH

SURFHGXUH

IHDWXUHW\SH

W\SHRI SUHVHQWDWLRQ

W\SHRIVFDOH

W\SHRI
PRQRORJVWUXFWXUH

RU

GLDORJVWUXFWXUH

GLVFRXUVH

LQYHVWLJDWLYH
SURFHGXUH

REVHUYDWLRQDO

RU

DXGLWRU\

RU

LQVWUXPHQWDO

RU

FRPSXWDWLRQDO

RU

VWDWLVWLFDO

PHDVXULQJ

0HDVXULQJ2EMHFWLYH

DSSDUDWXV

PHDVXULQJRUJDQ

RU

PHDVXULQJLQVWUXPHQW

PHDVXULQJ
REMHFWLYH

RU

GLDJQRVLV

RU

DVVHVVPHQW

HYDOXDWLRQ

SUDFWLFDO
PHDVXULQJ
FRQGLWLRQV

LQGLYLGXDOH[SHFWDWLRQV

VRFLDO

UHOHYDQWGHPDQGV

ILQDQFLDOVXSSRUW

VRFLDOUHTXLUHPHQWV

WHFKQLFDO
ORFDO
OLPLWDWLRQV

W\SHRI
VSRQWDQHRXV

RU

GLUHFWHG

KXPDQEHLQJ

RU

PDFKLQH

0HDVXUHPHQW2EMHFW

DUWLFXODWLRQ

VRXUFH

DFRXVWLFFRQGLWLRQV
VRXUFH UHFLSLHQW

URRP

HQYLURQPHQWDOQRLVH

W\SHRI
FRPPXQLFDWLRQ

VSHHFKFRQWH[W

W\SHRI VWLPXOXV
UHSUHVHQWDWLRQ

0HDVXUDQG

WUDQVPLVVLRQ

RU

LQIRUPDWLRQ

SURWRW\SH

IHDWXUH

RU

QHWZRUN

RU
UHSUHVHQWDWLRQ

UHSUHVHQWDWLRQ

UHSUHVHQWDWLRQ

IHDWXUHVRI
VSHHFKVLJQ

IRUP

IXQFWLRQ

IXQFWLRQRI
PHDVXUHGGDWD

GHVFULSWLYH

RU

FRQWHQW

SUHGLFWLYH

}*iV`ivVi>`iiV> i>ii

i>`LiiV>i`>iiiV>i>viVi
V>Li>>i`iiViVi >>`}/LiiV>
i>iiiii>`i V>iVii>`
iV>LiVi>`iii`/>i>`V>i]>i>iV]iii
}>>`>`ivii>ii/ii>ii>`ii
vii>iiLiVivV>/iV>Li i}>i`>}L>

-iViviiV>i>ii

VVi]Vi>}>L>v`i>}iiiiV>i>ii
>`iVi/i>`}i>ii`}iviLiV]>`V`i>L
Vi>iiLiiv>`i>}vivii
V>i`ii>`iVii]L>Lii`i}i`>
`iV>`ViVi>ViVi>`>VVi7iiiVi>
vvi> iLi>>iiivvii>Vi

-i}i>i}L\ iv+>

/i}>vV>ii>V>V`i> i>iivi}
i> i}L  i i V>i] i Vi v iiV
>>`iVvi>iiVi`iiiiii`]`Vi`>`
i>i`/V>iv>`i>ii>ivi}i
>i}L>i `i> q i>i>V>ii q
`i >vVvii>>>Li]vV iiV >>i
i`>>ii>"ii>v>Vi>}V
i>`iiiiiviii>ii>iLii>
ii` >`> >ii Li i`
/i`iLi`Vi`iv}iiVViiL>`
i}L-iiVi}Li`>`iviiV>
7iiiV`>ii}Li]VV>V>LiVViv>V
Vi`/iiiV>viii>i vvi` > >}i`
iiiV}>
i>}iiVi}LiLi>v>Vii`>/iivv
V>i`ii}i>V``>>iiiviiV`>`
`>i>>Vi`ii>}LiV-iiVi}LiV
i`i}i>i}L q >]>Li]>i}i>
ViiLvLiiv>iVi`i`}iiiVi
}L>i`Vii`>`> >iiiViiiviiVi`i
i`vviii>iiVi>>>Li/iVi>iV>i
vi`iviiV>i}>>i/ii i>}i}
i>iiVi}L`Vi`ii>ivii``>}Vi
`i> Vii>i>iV`i> >}Vi`
>i`Vi`]vv>]>`V>vi`>VV`}i>vi>i
/ivV]iivi]i>vii>}LiViiV
Vi]>viVi>`Vi`]>iiivviV v}`i`>`}`i`
iiViVi>`>iii}>`iii >iii>
>iviiVi}>>iLiiiLiVv>i>V
>>
/iiivV>iiVivV>>v> iiiv
iiV>i>iii>`>}Vi`vi}i>
iiV i}L >` ViiL i Vi v i ii>V /i
i>`i}>iVii>i`Vi`>`>>i`ivii>
}LiViiV]iiL>iVviViviiiVii>i
}}i`>>iii>iiiVviiVii}ii]
iiii>ii viiVi>i> >>i`]iiLi

-i}i> i}L\ i v+>

ii`>`vi>iii` i>V>>iV>i`/}`iV>i`
v>V>i]ii>iiiV>>i>}LiV >
>>i>iViiV`>ii`
`Liii>i`>>>>iv `}}i>v
iiiViiiVii/i }>i>i]V
> >iVi>i>iiivi]>iVVi>i`
V`i]>``i>iViiii>VVi>ii>V
i QnR  `i> > vV> V`i> v iiV > i Vi
`i]ii>VV`i>vv>V>Vi>]iiLii>
>iivi``>i>`i>i>iVi`>}i/
i >viV>i`
 /i`iii` L i>/i
 /i
iii`}i>i`i>i`V>>ii]L `ii
v>V>i
 /i>iiii>iViiL >vi>
iii`Vi`i/`i>` >>V}ii>i`i>i`v
> ii`i` > `i>` iii` Vi`i >] i} i
ii

i}L>`ViiLi\`V
-`ivi>}iiVi}L>i>i`>>iiiV
iV}ii>V >``iiii>/iivii>
iVvi`iiV`i}Li`ii`>v>Vi}L
`iii`L >iiiviVi]i>V>i>`i
v>>ivi Vi`iivi`viiViV}>i
> i }> i i>V `ii> v i V>>ViV v i Vi >` i
> V>i] V viVi iiV i}L i} i vi` v
iiVi >>vVi`}i``V>iV>>ii
>>iii}viiiii LiV>}i``i>}i
iiii>i
/ii/*ii>ii>} >>>i}L i i
i`} i i LiV] > iiV ` >i >i` i `vvii
V>ivi>i]>i>`iiii/i>vi/*
`iVLi>i>ii>6>Vi`i>i`Vi`iv
}V>i/iii>i>i\
U 7>i}Li>i>>>Li
U 7>` ii`>` >`i]v>V]i>i

/i,i/iL-ViV
/i,i/iii`iiQR>>Liivii>>
}>}ii ivi>}>}iVv>}i nViii}Lv
i>VLi>}`]>viiiViV>iV

i}L>`ViiLi\`V

>
6
/iV>L>iV>L>>Vi`/iivi]iiV>
ii>>iii`i>Vi`i\/i/* vvii`Li
>i>>V>i`iiLi]iiLiVi`i>VV
}i/ii}L viii>]i`>v> ` i}i
ii`ii>i\
-V
L
>V


>
>



L>}


L~
>


L
>

Li~
L>`

/i,i/iVi>>viiLi]i>Vv>]i`>>`
v>`i}i/iL>i>i>`
 ii>}viviii\
U /i /* >`>Vi > i i> i>V Li>} >Li
/i`}i>}`iiiViVi>V>/i/*V>
iVV`vvV`ivii`iv>Lii}iiiiV}>
vLiVL>ViiViVViii>Li`iv>Li
>iVvViiV`] iiii]i`>>i>iviVLii
}Li/ i`Liv}i
U *`i>i>i>i /*>i`ivi`>>VV}>>>
i>VLi>}`i,i/i]i`iv}i>i }>>>
i>VLi>}`iViv> iiV VvLi
>VLi>}>`i>VLi>}/>`V>i>ii`v
i}`iii]>V`i>Li`i}ii]i`iVv>i>`
U v i i` >i >>V> >ii >L i L `iv
>VV}>>iiV]`i>Li]iV>i]>ii}i>`iV
vi>`ii>`i>i`}>V}iVi/i}>
`ii`>L`ivV}>i>`ViViiLiVLi
}iii` >}vV> `i}iiLi`}ivi>>`>}>}i
U iiViVi]L>iiV`}vi>`iiv
iVi`Lii`vi}i,i/i7i/*i>>i>V
Li>}`]i>ivVi`]Lii`i}]Viii
V>>i>ii>vvii`iiLiii /*>i
]VV>>VVVV`ii>ivivVi`i
VVii
U /i,i/i>>>i}i}i/i}>>
>>i`>i>>vi`Vii`Vv>}i\/iiiV
}>iii`i>i`Vi`>`>>i`v>>vvii`
>iv>`>}V`>>V /*V``ii>i
>``]>i>ii`vvV]> /*>iVVv>`LiVi
iVivLi>}>iiVi`

-i}i> i}L\ i v+>

/i--i}i>/i
/i-i}i>iQR>ViiLi>i>ii`i
vV>v}iV>>iii`iivii>]
}]iV]>>] V>` -i`>}>}i/iiV>L>V
>>}iV>V]i>}>}i]V>>i>`>]i`>
>`v>]i>VVLi`iii_>_]__]_1_
6]
6
]>`
6
Vi >ivv ii>i>\
N>>N]NN]N1N]NN] NvvN]N>N]N>N]
ii>}viviii\
U /ii>i`>ii>>vi`ivV>viviV>
/>iiii`v>V v>Liii L}ii>i`L
iViiV>i`i>
U i>i>LiV>}i>V>>`>ii`L
iiiVVi}iiiVvVLiii ivi>vi}
` Li V>i iiV i i v > >}>}i] > `>
V>iV>Lii`iL>vii>Viv iVVi}>`
}iiiVi}Lvi`vviiiiVi>i>`i/i>`
viiii>iVii`}i` q v`Lv
U i>Lii`>i``>V>ii`iV>Li
>VLi`ivVv>iv>iiV>vi>V>}>}i
/]ii>`>V>iv >ii LiViiL>
vV>>i] V>>]v>}>}i >}>}i
U i}iiVii]iLi>i>iii
i>>iiiv>Vi/iivi]iV>iv>i>`}>Vi
>ii>ii>] iVi>>viiiV>V`
i`v >iiii> ii`}i>ivii
>Vi}>}] V> Li `vvV]vLi]}`iii
>V>`Vii`ii``>i]i>vi}ii>i`
`ii`i>viiV
U /i>vi/* i`i`ivi`V>/i`vviiViLi
iiVi` >`ViiV>iVi>i /*/i
ViiVi>V>iV>VVVVi`V>>`>ii
`]LV>i>}i`iVii V>NN/i>>i>
Vv i /* Li>>i`Vii/V>i>`ii>
i}ii>>>` Li>``>ii

i}L>`ViiLi\`V

/i-i>V>1i`V>Li-iiVi-1-/i
/ii-i>V>1i`V>Li-iiVi-1->`iii`i
`i}L >iiViVi/i>`>>}ii}i`
iiVv`Vv>>VV`}>vViiv>
i>>}>}iiiQR]QR]QxRii>>viiV>L
>viiiViVi>ii/iii>>ivi iV>V>}i
i>viiVi >ViiViVi` v>>vii
V>i`V>>ivi`L>}>Vi`]>`>VVivi
iiVii
/i>}V>>`>VV>iii`i>
V}ii>>i>`>>}iv`}i`V>L`ii>Vv
>ii]i`>`>>}iv>>V>>VVVi
V>Vi Lii`L /*>``ivV>/iiiVi>iV`i
ii`iV>>iVV]ii>`ii>i/i>
Vi>i>VV>]>iiL>iVi``iV
LiV]vi>iviVi>]V>i`>LV `>ivi``i
>i``iVV>Liv` Q{R]QnR/i`i>}ii>iiiiV
i >VVii `>>L>i ii iiVi` >VV`} iV> Vi> v
i>i]>VV`}viiVvVViVi>VV`}iV>
}V> v>V-V `>>L>iivii>] }]iV]>>]
V >`-i`>}>}i
>iviiVi}ii>i`>VV`}iiiVi>i\
}\

i>\

/i>>`i}
/i`iii
/i`iVVV`
ii>>`iit
`iiV>L` iiiii

>>>i>v`iiVi<>
ii`i`i>
i/i`i1]`i
i`i<}``i-it
7iL>`i-`>ii,>`

 ii>}viviii\
U /ii}L>v -1-iiViL>i`ii}Lv
``> ```>`iQxR iv}\v>/*`i`i
>`>]`iv}>Vi>ii]ii`iVi>LV>
V}iV>>i>V>ii>V>`>VVi`}ivi
>}>}i}vV>viViiii
U /iviiVvVViViv`i`iiiVii>i>>>
viVi i iV} > / LiVi > VV> Li v `vvii
iiVii>iLi`i`>`V>i`i>ivi>i
iiVii>i>i`>}>>`>}>]i>`i>}Viiv
viV/>`]`i>Li>i>i`iiVii>i>>>>Li,i
V>LiV>i`iV`>ii`i>ii>i`i}iiv

-i}i> i}L\ i v+>

Vi\ /> ] i >i `i}ii v >>V i} >` `ivV> >i


ii`i`/iivi]vvVii>`iiii>VVi
i`LiiiVi}ii>
U ,i>iV>iV >i>>ii>i`>}i
> i>/iVi>}i`i`]i>>>i>Vi
">iV>iiViV`>i>>VV`>

{/i
 /i
7i
i`ivV>/i
 iViiLv>Li
ii` QR /i >Li V > v i>}i iiVi v
` v i Vi
i6
]
i iV>V iiVi v V
>>`
V>ViiVivV>iii}}iV
> > i > V> } }ii V>i` V> Vi /i
V>L>viiVi>`ivi`/ii>iviiVivi

 >]LiiV>Li}ii>i`>i]v}>>iiiLi
i> iiii/iv>i>`ivVv
iiV>}i>VV`}i>>iii/i
 /i>vi>iii`
i `ii>i i}i> ViiL v V>  > i i
ii"i`viiV>L>}i>VV>>`i/*
>VLi>i>`>VV`}iv}V\
7i`>i>V>>>]viii>`L>V
>}>]ii`Vi>i>}>}i
V >>> ``ivi>iiiViv`
/iiL] i /* >i `i v >i} >>>Li\ i i ii i
iiV>iV>Vi`iVLi>i}}i
iivi>>Li*i]>LiViiL>i>iV
iiLvii>`V>VVi>`iVi]iii]>i
`}i`/]ii] >i`>i\
/i
 /i>V>Vii/ii>>vi>L `iv
ivi`ivi/*>i`vvV }ii}vi
V>>>Vi`i>`iiV>ii>
}>>i`i\i>i]i N\N>`VN
N
>}>Viii>viii`/iV>`>i
> >i >} ivviV Li>} >L  i> V>i`
ViL >i`Vi`vi
 /i]vV}i i>v
i i/iivi]i>>}i`ivV>iVii`}i`]v
v>Vi>V>>}ivi

i}L>`ViiLi\`V

 ii>}viviii\
U /*Vii>}i``vvii>i>}v`/>i>>
i}LV]v>V]>vVviViiLvi>Vi>`
i`i>`}>iViL}iii>ViV>Li`}i``i
i>iii>vi>}v>`i>}i`/} V
i}ii>]i>}i`>ivi`]LiV`v>VLi
i>}v`
U /iiv`Vi>`i>ii\v/*>iiii`
> i>}v ] i Vi > iVvV > i i i >
i>}i`]ii LiiiVi`>i>LVLiiv
viVii>}v`>V>i`>` /*i`>iiiLi
i>`i>i>ii>`]L>iLiii i>i i>`/>
>V>>i>ViViVi`
U >i`>]>``iviiVviVi]i>LiVi]
>iiiv`i>LiVi`V>i]>> >viVi
i`ivV>viii>}i>Li>`V>ii`i
}>ii]iL>VvvV>i>`V>>ViV>V
ii} _->v_]>ii`vvV`iv>>Li}iv>
>Vivi} _1_
ivi`i>}iV>]i
 /iLii`>>i>i
>iV`vvii`ii`iViiLiiiiV>L>]iVi
`i>`V>}/ii]ii]>`i>i``iVvi
 >V
iVi

xii>v>i
 i`}
/i>vi>ivi
 /i>vi`iVi}>`}i>
>ii>`i>iV>Li>`iii>>>ivii>ii
/i
 /iV>Li`iVLi`>>i`]Vi>`Vii}>
i`]L>>ii>]>]Li`ivi`>}iVi>>}>}ii
VvV>iVvii>}LiViiV-V>>ii>i]vi>i]i
VviiV>L>]iii>vii}i`
i`i>ivvi>i>>viV`
vV>>iVvii>}Vi`iiVi`ii>V>`>v>
i]`ii}i``>>iVvii>}>}i"iL>v
`iVvi>}ivi>i]`iV`i`Vi>>}iV>Li
>Vii`iV>ivi`i>}iiV]>viiiVvi
iV>L>
/iV>L> i`i
 /i iVvi`>i`
>Li/iLivi>ivvi``>`
iii/iiV>L>Vi}ii>i`iVvV>vi>V>
V>]L>i`ivii>iiii>`>V

-i}i> i}L\ i v+>

V`}ivi>i`iVvii>}>}ii>i]vi
`iii>iVi>i>i>``ivii]i
`i>`iV>}ii>iiiV>L>V>>>iVi>
iLi``i`>Li>iii`>]>Li`>>>iV
iVi`]iL>vViV>Lii`iVvV>i>>i
V>iV`Li`i>Liiii>i>V>>>i`i
}i > `vvii>i` Vi v V `vvii VV>>ViV v i
iiV}>iiiV>iV}i
/]Vi]iV>L>vi
 /ii`ivi` ii`}
i>}ivi`]V>Li}ii>i`Li`iL>i``
`>vi>i/iV>L>}ii>i`L>V>i` `}ii>/i
>Li Vi >` viiV v VViVi iiVi` v i>i]

6
>i`->>i>V>ViVi>`i
viiVvVViVii} _v,>\_]L `iV`i>v]>}i
}]>V>v>v>}>}i>`iiV/i`iV>>
`ivii>i>`ii`i}`ivi>i]vi
i}L vi>}v`Liii`
i`iiivi
 /i]iiiV`i` >v`>i>
>>}i
 /iVi`i }>`iV>}>}i
i]Vi`} >Liii }ii-`i>i >
i
 >>V ] Vi] >V>Li iV >` } >}>}i
/ii>>>V>vii`}vi>>}>}iQRLii
iii>vi>Li}ii>i``Vi>Li>Vii`vi>
>ViV`i`iv>Vv/>Li]L >vi
iV`>>v
6
iiVi/ivii>>}>}i>i
/i iV>L> >i> Vi>i`>VV`} vi>i L >
`}ii>7",  /i`}ii>i`>ii>VV>ViV
>]i`i`vi>}i>}>}iL`iVi>>i
i>}/iiiV`>iV>vi>}i>}>}i>ii>
ii>}>>}>}i` iV>vi>`ii>}v
Vv>> QR]Q{R  iv}]i>ivii>>
}>}iLi }i
7",  >i>ii>iiiiv `>>\ >LiVi
>`iviiViVv/>Li]Vi>`iviiViVv/>Li
>`>iV>}v> >Li>VViviVi>Vi
Vi/>LiVi>`Vi>Viii>>
}>}iii>iL>VViVvVL>`Vi>>Li
Vii]>i 6
]6
]6
]6
{]
6]
6]>`
6i}ii>
viiV>L>iv}>>ii>ii\

i}L>`ViiLi\`V

/>Li->LiVi>`iviiVvVViVi
Vi

>LiviiVvVV
iVi

i>iviiVv
VViVi

nx
{

{n
x

/>Li
>Vi>`iviiVivVViVi
Vi

>LiviiV

L
L
L,
`
`,
v,

i>iviiV
>

i>iviiV
>Liv>
Vi

x
x
x

{
x

{{
{{
n
x
{

/>Li->VViv
6>Li
-,
>\
\
i\
\
\
\
\
\
>

-,

v,

-i}i> i}L\ i v+>

U iiiviV>L>Liv`
U i>LiVi]ii`iVi}iiVviVi
6

`iV}i`ii>v i>}iv viiV ViV


i`Li}
U iviiVvVViVivi>LiViviVi]``i`>V
V`} i>`>}>Vi>`Vi
/i}ii>i`ii >ii` iV>/Vi`i>
iV>L>Li>>i>`>>iivi`/iv>
`iVL}ii>i>V>Lii`iv}ii>iiiVi
>V>>ViV ii`V>LiiiVi`V>>>]i
>VVv]iV>i`Vii iV>`vviiViiV>LiVi>i`
V>>>]}i>VVv]}vi>i`vvii>
>i>`>i/iV>>ViViii>>`}
i`vviii>}>i>iLi`i>/i>>V}ii>
v`>>Vi`>iiV`i/`iV>i>>}ii`iiV
vvi>i}ViV>L>`LiV>>Vii`
Li`vi}>>i>>>LiVii
ii]>
>}ii}> i>>V>`Vi`]i>VLi>}
`]iV>V`i`
viivVi}ii`}ii>>Vi>i`iiV>
V`i`iV>L>]iiV>V`i``i>VLiVii`
> }>iV iiVi /i }>iV> >VLi` v i v >
i`]}ii>]vi>`}>`]iVi>ii>VViiV}>/>
iiiii>`iV>L>>`iii>>>i>
i > iiiV i i  i V>i v iiV i
ii]i`V>Vi>Lii`iVii ii
V>V`i`viv]ii]iVii>i>Vi
vii>iiiv>Vi>iLiV>i q >Li
>i q iiVi>vi>>Vi>>vii}
iLi/*
>iv>V] iV>ivi>VLi>}`]Vi
>ii>VV>` vv``>`>i>VLi`]ii
iV> }>iV> /ii Vi >i i>V> vi` > >
iviiVi`>>L>v7",  "iiviviiViVii>
>V>}ii>i`ii`}>ii `
ii]i
}>iiv} >i>\
U iV>V`i``]i>VLi>}
U }>iV>V`i``]i>VLi>}

i}L>`ViiLi\`V

viiiV>L>i iLVii]iVi`}>VV
}> >i `Vi` /i `iV > V Vi ` Li i`] }
VV>ii}>`Lii>`Vii`Li >i>/*
>i`ii`iiivV>}ii/iv}V>iii>
i>i\
>}i\
i}v>iiVii
Vi\
iiVii
V>i\
i>`i
iVii\
ii>i>}
>}i\
Vi\
V>i\
iVii\

i}>iiVV`}`iVi
>>iiV
iiVV`i
ii>i>}

>}i\
i}iiV`ivV>>Liv>i
Vi\
>>iiV
V>i\
i>`i
iVii\
iiiiV`ivV>
/ii >i > Li >`i i >V> i i> Vi>
V`i\
U iiiV viii
U i>ivii}iiiV }>`ivi`ii i]v>`}}>
i]`ivi`i>i]o
U i>viLi>ivi /*ViVLii]
viViV>ii]o
/i`iVv >`i>i`i>`ii`i iiL
iV/iivi]iV` >i i`ii`} iiLiV i>>ii
i iV`i`L >i}>
/i i i >i >>V> i>>i` QR 6> i v `>> >i
>>>Livii\
U >>V>}ii>i``]i>}i]iV>V`i`
U >>V>}ii>i``]i>}i]>iiVivii
U i`i>i>ii}i]V`i`iiiV>
>iiVivii
>Lii`i>`}vi>}V`iVvi`>> iiV`
i]iv}i>i`Vi`\

-i}i> i}L\ i v+>

iiV}>>i`
>iv/*
iviiVi`>>L>i\
iV> V`i`i`
ViL`i>}
}>iV> >VLi`i`i

>\
`>v
>\_
>\_
>
_

ViVi`iii>i}iLiii V>vi`
> ViV -Vi ii Vi v >VL} i>V Li>}
`] ii >>>Li> `>>L>i V >i` }>ii iiVi v
i>VV>Vi]`ii`}>>Lii>i]i
>Li> __ V>Liiiii`>]ii _>\_V>Li>VLi`
>>]>>>>`v>i __i>Li v>>]
~i`ii>i>Li]i>>ii>i>Vi>
Vii}i>i`>v>iv>i/v> i`>i>
>ivivivivii>}>}i]i>ii`>ivi
iiV>Li iVii`iV>vi} i>V
V>Liiv]vi>i]viivviVvi>}>`>>Li`i`
viVi}>]>V>i`ii `>>L>i Vi>i`iiv>i
>`ViV}ii>i`iV}i`i>i>i` } >V
}>]`vviiiV>Lii>>i`v >>`
1 ] i
 >>`} > Lii `iVLi` /i v}
V>i`vviiivViiL >`i}L i>i
`ii>vi>V>>Viii>i>i}
iii>iiiVi`iiii`iV>i\
i-ViV,i/i]i--i}i>/i>`i-1-/i 
i]>`ivVi`ivV>>`i}Lv>>>`
iViiVLi`Vi`/ivV`}iviVivV>L>
i}i}]i
 V>L>i>iLiiVi>i`>VV`
}iVvV>}>}iVi>

/iV>L>>>i>}viVi

 V>L>iVi`V>iV>iiV>i`
 >
7>>LiVi]V>v Vi>`V>i]iviViv
V>L>`ivV>ivV>Vi`i`>``]

/iiiV>i` >LiiVi>`ViviiVv
V>iV>v>
U ii v i >Li ` `>iV] iVV> ii
]v>i>`>Vi>i
 >
U

U iL
 iL

i}L>`ViiLi\`V

/>Li{`ivV>>vV>Vi>>vVv`V>

 >

>>Vi
i
i
i



 iL

nn

n
nn

xn

nn

n
{

nx

n{

n
n

n
nn

xn

 i >i> > i>` >` L > vi> i>i > i > }ii>i`
>VV>vii-ViiiiV ii>ii
i>>i`V>i]ivi>iivii`ii>>i
v ] ]
>` iiVii`>i` `i>V``>>iV
/iiiVi>Li}iviv>LiV
>V`>V>i`x/*/i`iiii-*>>`
i`>>Li/iiiiii`}i>i`i>`i/i
i> >i q > >i/*}>i>>i]ii
vi`>VV>>vi>i`i>1}i
 /i]i/*ii
iV>}i``iv>iiiiV>i\viV``iv>
]iV`iiV>V>i` ii``>/*> i
>/i`ivi``>>`vviii /*v>i]i
V`i>`>>>`i>}ivviVii/iiV>L> `vvii
>i` Liii iVi> V> Vi
i] Vi> V>
Vi
>`>V>i>Li
/ii]}ii
Vi>}i ViV] >i i` />Li x /i ` i ii> i v}
i`\
U >Vi>`iV>L>i]iiVi>> `ivi`Li>`i
Vi>
U ,ivi}>V> >>Li]
 i`Li`ivi`
Lii>
 >>`
 iL/iiVii>i>>Vi\
ii
 iL > Livi
 >`
 > / >` `i
>`}]`Vi>}>Lii`>
 >Vi``iV
v
 >`
 iL]>i>>Vv>>LiV
iv>`iLV`i`
 >
 >`
 iL>i
>Liv
 >

-i}i> i}L\ i v+>

U vi`vviiVii`ivV>ivV>Vi`ii`iVi
v`V>vi`L>LiVi>iV`ii`]Vi>>ii
>ii}vV>`vviiViLiii
 >]
 >`
 iL
Vv />Lix/>V>iV>ivi ]L]iV>ivi
>> i>i] ii >i > Vi> `vviiVi i}>`} i >L `iv
>`iL>>i>iiVi>>viL}vV>
Lii`ivi`>>iVi
U >i`iViii
\ii>iVi>V>V
iviL>i`ivi`LiiV> >>iVi>}>
> Vi> > v iL >i `ivi` VV i > i v

>i`ii`>>]V>LiVV`i`>V>VivV
> V> ViviL>i`ivi``vvii"Li}>`
`iviiV`LviVi>>`Vi>V>Vi]
> }vV> `vviiVi Li / `vviiVi i i V>i v i
`ivV>`vviiViLiii
 >`
 iL
vi>>ii
 /iivii}>`}i>L]i>i`
/>Li>iLi`Vi`/ii>i>viii`iv>`
`iVLi>i>i`ivi``vvii>i>i>}iv> /*`/
v`>i>>viii>i>`>>iv>i
iV>iv/* ]i Vv/>Li]vi>i]Vi>Li>
iVi>V>Viii`ivi``vvii>i`i`Lii
>i>i]ii}> Vi>,Vvi`i
`>`ivV>`vvViV>Vi>Li>Vi`L>V
>i`iiV>>ViV]LiVvVV>>ViVvi>VV}>
Viiii>i>Li i>/*>VLi`i>,>L
viiVi}>ii ii>Vi`]V>
LiVV`i`> i>>i >`iVi`} >`ii L,
/iVVi>>Li>i>i>`v vii`
iLii>Vi>`i``}iviiViViLi
ii ,>`L, v/* q >`V>i`LiiiViv`}
}>i
 /i]v>iii`i> v]>i
> >}>iivi>viii>`i>>ii`>>i
Vi`}ii]>]i}}Li`i>i
ii]i>
iivii>v`ivV>iiiiV}]L>i
iviiiV}>V>>ViV>`i>`i`ii`>`iVi
 i v ] i v} i VVi v v>i >` ViV
`ivi`>ii`vi>vV q iiii]i`Li`i
`>`iVLi`>Li

i}L>`ViiLi\`V

/>Lix vviiVi `ivV>ivV>Vi `ii`iViv`


V>vi` L>LiVi>`ViviiVi

 >

>>Vi
i
i



 iL

{
{

/>Livi

 >



>>Vi
i /*x\ /*x\
i
i

 iL

/*\
/*\

/*x\

/*n\
/*\
/*n\
/*\ /*\ { /*\ /*\

/*{\

/>Li/*q >Vvi\i ]
 >]>>LiV`i
i
,>
,>
,
,\
,
,
,
,
,
,
,"
,1
,1
,>
,>

i`ivi`
L,>
L,>
L,
L,\
L,
L,
L,
L,
L,
L,
,"
L,1
,1
L,>
L,>

iVi\
iq`ivi`

Vii\
iq`ivi`

,L,
,L,
,L,
,L,
,L,
,L,
,L,
,L,
,L,
,L,
,,
,L,
,,
,L,
,L,

>>
>>
i
\\






""
11
11
>>
>>

Vi\
iq`ivi`

-i}i> i}L\ i v+>

/>Lin >ivi> `>

 >]i
>Vii>
{x
>
>
{x
x

ii`ViviiVvVViVi

L]],]]
L],
]{
Lx]
,]L]L,]},]]
{]

 Li ii` >VV`} > ii V> Li Vi>Li `vviiVi Liii

 >]
 >`
 iL-`i>ivviV`i
iVi>>i>viiiiVLiV`i`] L>V>i>`>
iiviLiVi`>`ViVi`
/i
 /i>iViiLi1ivVvi`>>
>>>i`VvVv vi`i`}ii>i` >VVv >`
i `ivi`>`v/iiviviiViiVi/i`iV
iii}`ivi`>ViVv>i]L>i`
Vv]L>>``>`i>i\
/i`L>V }ii>i`]>>>V`ivi`i
/i`L>V}ii>i`]>V`ivi`
V}i`>>>>iV>>ViVi]i>`
>V>ii>>iiiLiV>>Vii`LiVivi>
i>>iV>vi`>>}>]L>>Viv>V>Vv
/>Lin
>``>>iV>ViVi`iV>L>i`Vi
>VLi>}ii>VLi>}iv>iv`iii
vi
 /i]iV>L>Vi` i>V Li>}>i>i>
VLi>}>Li*`ii`]ii]> /*>>iv>
ii>>V}i`iii>VLi>}>`i>VLi>}
`>iiii`/>`iivviVii}i>VLi>}
ViViiLi>ii>vv> i>iiii
iiV}>V>ivvViiii>>L}iV>v
V>/ii>>V>i}ii] >iii}i
>VLi>}>`i>V Li>}] /*i`i` >i>i i
}ii>>`vii> >`Vii`i>>V>

"iV>>Lv`i

/>Li >Vviv>V>iii

L>
L,L
L"v
L"v

/*

/*

/*

/*{

/*x

>}

>V
V
}
v

>V

L>
V

/*

v

iiViv>`iiVi>]iV>iivvi
iiViVii` q i>L> ViiiV q i>V
Li>}iiV>i>``iv>VV`}i>VLi>}`ivi
ii>vii>>]v>V>}iLi>i`
> v>VViiL>ii>i`"iV>]>i`>
iiVi}L]Vv>V>vVvViiL>`Vi
i]`}i`
/>`ii`ivviV q >i\/>ivviV>`Lii>i`
LiV>iiii>VVii}>vi`>ivV>
iV`i Li>Li ViVivi>ii>VLi>} i>V
Li>}> iVii>V Li>}`>}ii>i`
i
 >>`}>i
ii ii>V Li>}`>i i>i>
>iV>i
 >]>Liiiii>ii>V
i`ViiL>``>`>i` ii>V
>iV\ i>V Li>}
 >> Vi ii iii`
>VV> /*/i >]ii]>>V>i>i>VLi>}`
>>>iiVii`>`vvi-ii>i>
i>ii`/>Li>>v iiii>>>i`>i
L/*i
 /iii`>Li>i>>iLii>i`L>V
>>LiVi v>V>/ii]ii]>iiVi"viiv
Li`ivi`]i>i>V>>i >i

"iV>>Lv`i
/iv>`VivVi`iv`}}iiV>>i`ii`ii
ViVi>ii`/iiii>V>Lii`v>iiV
iiii]ii>i>i>}`ii>Vi>>ii

-i}i> i}L\ i v+>

Vv}>viiV>i/ii>`iv>V>i ii>i
viiV>iLi/iiii`ivi>`ii
vi>}}>>i`L>i>Vi>>viv`>i>
/i`iviiVViiL>`i}Livii`ii
V>iiiV>i`viiVi>viiVi>Vi>`
i}i>iiVViiL]`V>V>>VVvi>
iviV>L>V>`ii` viVii`ivV>Vii>`i
>ii"viVi`i`]ivviV >i>V> i /
viLiV>iiVVi>>`Vi`>VV`}i>ii]
`ii`iv`V>V>>LiVi/iv>V>i`ivV>
Vivv>`iLVi>i>iiV>iv
>> i>i>iVi>>]>]i>}>}i>>i
}}}iiv}i` iiV`V >i> iiViVi
]ivviiVii```>iiLv>v>iii
ii>Vi/i>``vvii>VV>`vviiV
ii>LviiVv>iiViiiiiV
> ii>>>Lii]>i\
ii>iii>iLiviiV>`LiV`i`
iiV>L>]iiLi>iVi>i`V>>>>
VVviV>iivii>i}ii>
i}iiiiV>L>vi]> i
V`i>`v >i`iLi
iiLi}i>>v>V>iivV`
Liv`]ivi`viiV>>ii]L>ii>V>``i
ii>viiViV}`VV`>iV`i>Liiv
iiVivi>iVi`Li] iivi>
>iVVi>ivv>iiVvV>`>``}i>i`i
>/v\
iiv>ii`iiiiiVi}L`iVLi`]ii
>}ivV>>iii`ii`iViv>iiii`]
V>L>>`V>}iViv>Li/iiviV>>
L v i ViiL >` i}L v >> >` iV
iiV`i` i`i>>iiVx>-}> i,>
- ,]i
 /i]i,i/i]i - -i}i> /ivi>v
V> ivii` >i6
6i]>`i-1- /i>ii`]>}i
V>L>>`iii`i
/iv} >`viivi}>\i>i> >i>`
>`L>vi>i>i>i>>VV>}ii>i`vi
i/ivii>i`i}>i`] ]
>` iiVi
>i`>i``}ii``>>iV/iiiVi>Li`i
viv>i>}LiV>iiviVi\

"iV>>Lv`i

U viV>L>>LiVi>`viiV]i>VLi>}i
i>VLi>}
U viii>>>}i` iViv>iiVi
U viii`iiiVi`i
/iii>i`i>`iiiVivV>iV>i`Vi>V>
}/iViviVViv>i >v\/iv>vi
`>ii>>`}iiii>i
 ]iiV`iV>L>
V>L>vi,i/iiv}]ii> V VLi`Vi
`i>i`iVLi`-ii>>Livi>iV`i`ii>>L>vi
`V v]>i i`ivV>>>`Viv
>i
>`Vi>V>Vi>`i`Vi>Viv `ivV>i
v>iVi`i/>Li

"iviVivV>}
iiiV>i``iviVivV>} iiV}
Vi/i,i/i >>`}L-ViVi`>``]iVii
Lv>,i/i`V>ii>VLi>}>Li>i
`i`i
 /i>>`}VV`} iVi `iVLi`>Li]
iiiivii`>
 i

686

5K\PH7HVW
V
H

P
R

D
Q
F
WL
O
F
S
Y XV
H
WH
V
Q

Y
Q UV
V
R

Q WUX
F
F
OR V
W
H
V
P XU
H
U
D H
H
Q
V
WL
S
F
E
R
Q
H
V
D
H
U

LQ

J
V

ZRUGFODVV

&/,'BUK\PH

WU
X

F
WX

UH

J
LQ
DU
EH

V
Y

Q



V

H
V

H
V

WH

V
H

D
Q

WL
F

Y
V


Q
R

Q
V
H

H
F

F
WL
Q

ZRUGFODVV

&/,'BWRWDO

OX
V
WH

P
VH

W LF
DQ


YV

V
Q
QR

WLF
DQ
HP

LQ
V
F
WL
Q
D
P

Z

Y

E

D
H

J
Q
UL

&/,'BQRXQV

&/,'BYHUEV

OH

UG

D
Q

WL
F

E
H

D
UL

Q
J

&9&
&/,'B686

)LJ 'LVWLQFWLYHIHDWXUHVRIDXGLWRU\PHWKRGV

-i}i> i}L\ i v+>

/i`>V>i`v>>Vi>`i/ii>i
>v\ ,i/i
 iv}>Vi]i
}>iiVi`>L i`i>` >i>ii]L
iiii>>>>LV`ii`>>i
v>VViiLi>>viii>iV>i`
Li`i>`i>viiiii>iiiiV>LiVi
iLi}iVvVvi>iviiiV`/iiV>i>`V}
iiL`>iii>i]ivi>VLi>}`
>i/i`vviiVi vLiiii,i/i>`
 >>`}
,i/i
 iVi>>i,i/ii

i

>>Vi]x`

,i/i
 i
,i/i
 >
,i/i

,i/i
 iL

 i
 >

 i


 i
 iL

 >


 >
 iL

 >-1
 >
 -1
 >
6

 -1-


 -1-
 iL

 -1-
6


 iL

 -1
 iL-1
 -1--1-1-
6



 iL

>>Vi]`

>>Vi

/>Li-`iV>\`Vi>Viv`ivV>>

n
n

n
{
x

x
n

"iV>>Lv`i

V>ivV>>ViV>i>`i>>>Vi]i}
ii>}vV>]i
 >>`}>`]iiv>>iiV
i]i`ivV>vi>VViiV `]vVVi>
ii V>vV> Li >i i ,i/i i` }vV>
}`iiiViVi>``ivV> >>i>`ii>>
L}i>``Vivi iiV>ii`iLii}
Li>i>]iV>>ViVvi,i/i`Vi`
ii>Liii>>`>`>>}i\/i,i/i>i}L
iV`ii`>V>L}}ViiL>`Vii
>VV`

"iviViviVi
/iiv`ii>iiiiii>v>Li>`
`>`iViv>iiViLiV`ii`>>`iv
i>}viVi ii-1- /iV>i`/*ii
>V>i`V>LiiiVi>iii`i/i> i
`>i>` >ViiVi>`ivi>VLi>}`7vi
iVi]ii>i>Li
/iViiLVivi>Li>Li}i -1-
V>L>>i>``> `i` i
 >>`}
 -1-]>
iii`i/iiV>i`iVii/ii\
-1-/i >`
 -1-x7i>iii`iiV>i>]
i>i i>`i>iV>i]>`vviiViv VV}i
i}L i>iiv iiiViv >iiVi>`
`>` ii` >V>Li `iVi>i
/VV>Vi -1- i>>iiiVi>iLi
`i`>>iVV>i>v``>`]> `i`i

/iiViiiViVi}iiVii]>>`i
>V>i`>]vi>i]>Vi>`vV`iiiVi
iiViLiii`>`V>viVi`}iiV`i}>`
>}v`>i>viiVv>ivviii`iiVi
-1- Vi>i]L>i>]i}`vvii>iv
 -1-

/i`ii>vii>vV>}`vviiVii i}
iv`vi/* i>i>>i`i`i>i}>`}ii>}
i`ViV]i>Vvi`>i`vviiViLiii-1>`
 -1-V> Li i>i`LViiVvVii]L>ii
}vV> viVi `i i >i V i >i iii` >`
iivi]i>ivV>}/ >}vV>`i}ii]>>i >
iiiVvVLi>>i>iivviV>V>Lii`>v\

-i}i> i}L\ i v+>

/iii>vi>VLi>}``> `iViv>i
iVi>i]vv>]>iVii`ivi /*>Vi` i
Li>>iiVVi}}ii>]i>i}iiVVi}
i>ViVivi}V>i>vi}iLvi
}i>v>Vii`]iViiLi>VVi
>i>>V>iLiiVi>>`i`>iLiv
>`>>}iv`i>`}/i>iiiv>v>`>>}i>`
> >Lii`iii`>`iii}Viv>}>}i >V
/i>i` Li>v`ii >>i`>`VVvv>>
ii]>vii/*>ii>`iv`viiiViii>L
>]iVii`i`Li`/i /*>iv>V>}L>i`
iiiVi >` i`}i ``i }i iv i Vi v i
`"iV>] >iLVi>``i
V>]ii]vV>>vi1>i ii>
VviVi>`iii>iiVVii}>>
ii`VL>VL>ViiVi>`i`}ivi`>`
iiiViiV>iv-1-iiVi]iiVi>>}Vi>V
/>`iiv>V>>V> >}ii`>i>VVii>>i
vvii`>VV>Vii>ii>V>>L> i`]>
V>i>Viii iiiv>V>vi>VL
>Liv>>>iV>v-1-/i>i>
>``]iv}>iV >i >ii /*iVii i>V
Li>}`iViv>iiVii-1- /i]LVV>V}
iVii`/i`vvv>>>`>iiVi>VV>>V
iVivviiiViV>i>`>Vi>iviiV
iVi\ 7i /* >i `}i` >` `iVLi` > i >i
i>`>>V>]ii>iiVVi}V>]}Vi>
i>}}i>V>]V>}i>}>V>iii`ii
> v i Vi  i}>` i V Vi>> >`
ViiL`i>`}]>V>vvvVV>>i>Vi>
v`>>>i>>`iii /*ivi>VVii>`
i>V`VV
/iivi]V>Li>i`>i`vviiVivLiii -1->`

 -1-iV>Li>Vi`L>V]>V`i>Li`i}ii]ViLi
>L /*ii]ViV>Livi` >>Vi>viViv
ViV>vi>i i`iii>i]Vi>`ii>
viV>iV>Liv`

"iviViv>LiVi>`viiV
/ivVviiiv`i`iVLi`iiiivVVV
V>Li`>v>V>vi}L>`ViiLi>i
i1]>>vii>>ii`vii

"iV>>Lv`i

/>Li`ivV>i,ii
 >

>>Vi
i
i

,ii

 >

xn

>viiivi>iVi>i>iii`i>i
>V`i>LiviViiiiiv`ii`iV]Li
iiVi`>V}i>i`vviiVi>i>v>``viVii
V>L>>`iV>LV>>Liv>V> vi
`i ` i }i>i `i>] i v i ,i /i >`

 > >>`}LiV>i`/i,i/i>`
 >`vvii
}>`}V>L>ivi>Vi>VLi>}i>VLi>}
>`>LiVi
6

6
>i>V}Vi`iii
`i/iiviiVi>i>v\
>>iiV>`vviiVivi ]i
]
{>`i ]>`>>
 >ivi
ii`i`ii>i>v>}i>>>Vv/>
Liii]
 >>>iiVii>Vi
>`Vi>}- ,V`Vv}
>V>} i
i>vi`>Vi,i/i
 >]i>v>>iiV
v` - ,Vv}]viii> ]
>`
Vv}/ii`>>}\
U /ii>V`i>Li`vviiViLiiii,i/i>`
 >i

U ,i}>`}ii>vi`>ViLiiii,i/i>`
 >]
ii>Vi>Li`vviiViLiiiii>}LiV>>iiV
>`iVVi
,i}>`} iv\>Liii`vviiViLiiii,i
/i>`
 >V>Lii>i`LiviViviii`i>`
` i i >`ivV>i >iviVi`LV>L>
V>viVi v,i/i>`
 > >iVi>
i}>` iVivii>>Li\
7ii,i/i>i>VViVi
6
]
6
]
6
]

6
>`
6
]iV>L>v
 >i>Vi>v>}iii
iViivi>>LiVv}x/i`L
>`i`ViVViVi>`viiV/i,i/iV>i

-i}i> i}L\ i v+>

&/,'BYHUEV
  G% 615

&/,'BQRXQV
  G% 615

  G% 615
  G% 615
  G% 615
&/,'BUK\PH
  G% 615
  G%615

  G% 615

  G% 615
5K\PH7HVW

   G% 615
  G% 615

  G% 615
&/,'BWRWDO

)LJ 'LVWDQFHUHODWLRQGLIIHUHQWSURFHGXUHVQDWXUDOYRLFHZLWKGLIIHUHQW615V

 $

&/,'B686

&/,'BYHUEV

 $
 &

 $

 '

&/,'BQRXQV

 $

 $

 $

 $

 &
 '







&9&

 $



 &

 '
 $

 $

 &

 &

 '

 '

5K\PHWHVW

 %
686

 $

 &
&/,'BWRWDO
 '

)LJ  5HODWLRQ RI WKH GLVWDQFH RI GLIIHUHQW LQYHVWLJDWLYH SURFHGXUHV XVLQJ 
V\QWKHWLFYRLFHV $%&'

"iV>>Lv`i

>viVi
6
/Viiiii`{{ii
vii i>Li>i,i/i]iiVi
6
]
`iiiii`i,i/i V>iivi>Li

ii]i,i/i>iiv>ViiiiVi
vLi>LiViiviiVi}>`i>Liv
ii>>}>}i/>ivLiv>LiViV>i
i vi>>LVi>V>`i>>iiii` />Li

>viVi]i>ViViv>>Li>`iii`L
Vi/>V>ViV>VViiVi>>i>
iVi>>v>Li}iiiViiVi>
Vi >` i viiVi v i> >Li v i
 > >`
,i /i V>L>  > V> v i iVi> Vi
`vvVi/i}>V V`i>Li`vviiViLiiiii
i}>`}iviiV vVViViv``> Vi]V V`>Li>
i>viViiVv}

)UHTXHQF\RIV\OODEOHVWUXFWXUHVLQ

















9&

&9&

&9&

&9

&9&

9&

9&

&9&

9&

&9

9&

&9&

&9

&9&

&9&

&9&

&9&

&9&

&9&

&9&

&9&

&9&

6\OODEOHVWUXFWXUHV

*HUPDQPRQRV\OODEOHV

5K\PH7HVW

&/,'BWRWDO

)LJ)UHTXHQF\RIV\OODEOH VWUXFWXUHV*HUPDQPRQRV\OODEOHV&/,'BWRWDODQG 5K\PH


7HVW

-i}i> i}L\ i v+>

i>VLi>}

 >



,i/i

6
{

6
{

6
6

6
{

6
x

6
6

6
x

6
{
6
x

i>VLi>}
>ii

>LiVi

/>Li -Vi >` viiV v VViVi v >Li i>


V>L>>`vi

{n

{nx

nn{

nn

nnn

nn

n{x

nn

n
x

x
n

7 i}>` i `V i>V Li>} i>V Li>}] >Li


ViVViVi>`viiV>i>ViVViVi>`viiV]i
,i/i >`
 /i i>ii`vvii>iVv>Li

"iV>>Lv`i

{"i >`viii
iiV>i]>i}>iViivi>}iiVV
iiL>`iiVi}Lii`Vi` Vvii
>`vviiVii> i>``vviii/iV>i>}
>i}>iVii>iii}>}ii`>i>}iViiL
>`i}LviiV`vi``>i>i`>i>i
V`ii`> i>i`>ivii>>`]iivii>iv
iiVViiLiiV i}L i>L>ii}]
iVVii>ivii>>``ivi`>vQ{R\
 ivi>i
>ivii>>` >o@>>}iv>>vi>ii >o@v
ii>>`
*iViiV>viv
 >]
 ]>`
 iL
>iiiViv>`ivi>i>`iiviii>iv>i>
>`}>>ii`>v>Vi `iiV`i>}`}i
i>ii\
 i>ii`VLivi>VLi>}>
Liivi}i>VV`}i`vvii>`vV>

&OXVWHUIUHTXHQF\LQ




E

G5 I

IO

J5 K

OO

6\OODEOHVWUXFWXUHV
*HUPDQPRQRV\OO
&/,'BWRWDO

*HUPDQPRQRV\OODEOHV

5K\PH7HVW

6W

6Y

W5 WV

5K\PHWHVW

&/,'BWRWDO

)LJ  3UHQXFOHDU FRQVRQDQW FOXVWHUV RI 5K\PH 7HVW ZRUGV DQG WKHLU IUHTXHQF\ RI
RFFXUUHQFH LQ *HUPDQ PRQRV\OODEOHV LQ
YRFDEXODU\

&/,'BWRWDO DQG LQ 5K\PH 7HVW

-i}i> i}L\ i v+>

`vviiVi
 >]>`iL`ii>`ii>`vi
iv i>ii] v>Liiii` i`iVvi

 i>>`>v\
/ii>>`v
 >iViiLvi>V
>Li>]>VV`}iVi>`ViviiV]`iVivi>i
v>i>>LiVviiiViviiViv
VViVi>}>}ii>`>>``>iV>`]iVV>ii
]}i>i>`}i}>V>>i/i>`vi
 /i
iv>iV
VivVi>\"vi>Vi>>`i>Vi>ii
Vi`i`iii`>``iVLi` >L}]V> Li }>>ii`>
i>V``>Vi`iV>vvVii>L>`>`iV>V>Li
>i` >` >`i>Li>>ii`Vi` `i> ii
V>i>``] ivvii>`iiiii>>i`
V>i
 /i/ii>>i>vi>>i
iviVi`i>i>i`VLi/i>i>LiiV`]
ii]>i`iVviiiVii>>`>i`iii``i>
/iVivi`Q{R>v\
/iiiViv>`ivi>i>`iiviii>i}>>ii`
v>i>>`>]v>V]i`iiV`i>}`}
ii>iivii>>``iii`>i>}>]
}i>`ivi>i>`iivi>i>i]v>>i`iV
vii>>` Viivi`iVVii>o@]i>i
i>ivi>>`V>Liivii`V>i]iV`
iVii ii>}>>ivvi`]>`ii>i
vii>>`ii`} i>ii`iV>i`iLi`ii
i` >iviVii`ivi`i>>`Q{R
ii]i>V>v>i >i>Vi `>ivi`viiV
ViiL>`i}L i>ii\ }i`>ii>}
LiViiVLi`iVLi`L>Liv`vvii>>iiVii>V
V>}iv>>iiV>L}>V>}iiii}>`}iiVVii
L>`i}L/V>iiii`>`viiVi`]`iivi>
i i v >Li] L>i` > > > >> >
VV>ii>Vi/`ivi` i>V Vvi>i>VL
i i`iVviiiVii>>`iVvVVi
>VV`>Vi}Vi}]iV`LiV>i`iiiv
>LiViiL `i > VV>i i>i`] }`i` i
Vii Vi 7> VV] ii] i> > i>i i
i>i`>ivVii`iVLi`i>>`>`ii>ivV
iiLv>Vi

->

/iivi]iivi}iiV>LiVViviVii
LviVi}ii>"iV>VV`i>iLii>
iLiV>iiVi`}i>ViiLiii]
>ii>iLii``ivii> v>>V>i
>``i>i>}ii`iiiiL>i`ii`>>

->
ii Vi`i v i>} ViiL >` i}L ii i
ii`>`iiiiV>i`>>\
U /i
 /i>i}i>ViiLivii>
Li/ii>>`>ii>`Vi>V>Vi/i>`
v>ii>iV>L>}ii>i`L>i`>`ivi`ivi>
i>vi>iii`i/>i>>iV>L>i]L>
iV>Li}ii>i`iVvV>>VV`}vi>i
U ,i`VLii>i>Vii`ii>iV`]ii]>
i`iVvvi>i`iV>viii>i`>V>
U >>iVivi>LiiiiL>
>viViii\
>Viv >i`ivi``vvii
>V>ViviL/iviiV]L >
vi>>Vi
U /i
 /i>>`}vvi>vV>iL]L>
>`ii}>`>>i`i`>VV>}ii>i
>`iVii
U -`i>i>>`>Lii>>ii>VLi>}>`i
>VLi>}Vi>/* iv>ViVi>` iv>Li
vLiiiV>L>>iii i>`i>i i
U /i>vi`V>>>iii>v`>i>ViviiV
>>ii/>Vii]>Liv`vvii`i iiV>i`
}i}]iivi>i>>vi>vVi
`i v >i} iiV ViiL >` iiV i}L /
i`>iVi`iV`ii``Vii>Vii`VLii]L
>i>vi>iivii>`i>iiVvi`/iiiV
ViiL>` iiiVi}LV>Lii>i`]LVi
>>iViiv/>i>>ii>>Li>vi`\/i>i
vV>i}>` iiV>L>>` ii`i

/i
i->-`

*>>`}iiV>>ii>iiiV>i>ii}
i}]iVvV>v>}>}i>`iiVi>i>>i>vi
iiVi>>`}/i>i`iv`vviivi>iii>i> v
iViiii>}vV>>/i`iiiVViiL
>`i}L ii V>i`Vi/ivV>
}Vi i>]viviviViiV`i
i>ViiViii>Li}i>`}>Li]i>>
>iiVi>VVi>>i> >
-->iii}LVi]>VvLiiii>`
i> iii>>Vvvi>`i/ >Lii
Vii`vL`iv}iiiVi>i>vi}Li>i>
>>}>`ii}ii
 V>i>i]}Viii>}LiViiV>i
V`ii`]Lv>`vvii>`1]iVii` vV>>Vi
Vvii>} LiV i}>`i>LV>Viiii
vi\ii]i>iVvvqVi`i>>i>iL
vViiViiviv/i``i>>}vV>
>ViV v Vii> iiV i >i> i}>` i iVi>
>}V>`>iVi>>iV`i>]ii]
i i}>`}}V>`>VVVi>viiVi>i>iVv
V>``>V>>ViV` >>i
V>iiV>i` Vi>` `iVLi`/i>>V
V>i q iviiVi i Vi q iiV ` iiVi  i
i>>viiiV>i>>}i>Li>iiLi``i`i>i
V>iiiVi]ivi>`ivVi>V>Vi
iiiViiii>iiv
V>,ii>V>`*iV
viiiVv iiVViviiVi\
>Bi>ii}i>V
>Bi>ii}i>V
>Bi>ii}i>V

>-~}iL>i-
>-~}iL>i-
>-~}iL>vi-

q > i>}i>Li
q > i>}i>Li
q > i>}i>Li
q > i>}i>Li
q > i>}i>Li
q >v i>}i>Li

{{

/i
i->-`

7i}>`ii>i>]iVVi >iii` iii


>vvi>i`iii/i>iVviii`iii>
ii>vL>vV>->viiV>VV>
`Vi`>VV`}`iV>`i>i>i>i>`i>i`i}>`}i
iVii` iV >i /i `i >i V> Li `iVLi` > v\
/i>}i>Li>i>>i>i>Vi>V>iiiViv>V>
iiViVi/iV>i iiVi>`iV>>>ii>`>`
ii>iii>V>V>ivviV/iivi]}}>VV>v i
>}i>Livi`VviiVV>L>>i>Vi}i
iVi>}>Vi>iiViVi
/`ViiiiV>i>]i>ViiVii >`>` iV`i``}
>"vi>VViiV}>iiiiVi]iiVVi>i
`Vi`/ii>ii>Li>i>`ii`>Lii}>]>
i`iviiVViiL>`i}L]>>iiV>`
iViiV>ii`>Vi/iViv>LViiV`>i
i>i>viVi>`i"iiVii`
>ivV>Vi`ii`iViviVvViVi>i>ii`
/iiv>>V>i>``ii`ivi`V` >
i v>V>ivviiV`>V>>Vii`Lv>VLi
`iiiiViii]v>V`ivii>v}V
>i>ivviVvVi-iv>V >iiiViVi>i>i
iLi>`>`]>iiv viiiV` Vi>>
/iii>vii]iivi]VVV>i`iV`i>
v>v>V viV}i>ii>`>}ii>iVV>7
ii]>>V`iViiiii`iVi>VL
i>Vii`i>`}viiV>ii
/\/i>vi`>iVii`>viiV
iii]>iV>Vi

"iL>V}`vi`
/i>}v`ii>>>>>i`
>i>>ViiLi>`>iiViiLi]i
ViiV>>i>iii}>VVi>Vi>>vVii
iiv>>iiV`Vi>>iLi>}iv
>>v>>iv>ii] ii>`]i>>Li]L]
ii>`]>iiVi>i>ii/ iiVi>i`
i``>>ii>VVi>>viii_`_]L
`iVi> V`V`Li} Vii>> i>ii
viii _`_vVii>>iiVii`>`i}
i
 Vi]i>ii>`ivi`>>iviii __\/i
i>v >iiviVi>>}>}iv>> i

"iL>V}` vi`

{x

iii`ViLiiii>iiv_`_>`__i`]
vi iiV] i>}v `ivV> >vi iii }V]
}>>V>>`iV>Vi7>``> v>]V>i>
V>`>}>V]`V >}i v>iVii``>` V>vV>
Li/iiVi>>iiv>i>V> Li>}i`]V
>i>Vi>``>v>] `vviiii/
}v>>iV>vV>v>iviiivi
V>i`>>V>i7i`i` ii>
iV `vviiVi Liii iiV ` iLi``i` i >i Vi
>Vii > V>}i i>} v i L i >i Vi i>` >
V>}ii>}]LiiV`>i>}i``vviiV>iv`]
iiLi`V>i>iV>i`iiv i>` V>}i i>
}]i>iV>vi`>>iv>iivi>ivi>i`i
>v>v>i>i>LiiiVii`>vi/
i>>>>ii/i`i} v>iVViVV>>V
ii`L}>>i`i/i}>v`]iivi]
i>ii>viiVi`iVi
}ViV>}`vvii>ii``iVLi>iVv
iiV\>`>VVVV>>V/i`>VVivi i`ii
iviiV>`>}>}iV>iVVi>VVi>i
ii/iV>vV>viiV ``iVLi`>Li>>
i>`Liii}i>i`}Vvi`>VV>`
>L]vi>i]>`i>}vV>VL `iv}>``iVL
}i}>ii>`iii i}>`}iiV`>
}>}i >V]}iii viiV i>`>}ii
>}>}iVvQR]QR/iv}ii >`i>i` > `iv
V`>}>}i>V`i>iVi>}vV>Viii\
V`>}>}i>V]ii}V>ivV}>`L>LL}
`vvii>i`vi>iviviiV`V>V}>`
L>LL}]iiV` }i>}vV7iiV`iiiV}>
>iii}V>i>``Vii`i>>
v`]V>}ii>ivVV}iiii/>>i
VVi>iiiVi``/iiV`iVii`>`L>V
V`}i}>}>`}ii>"i>>v>i}>
iViv> V>\
iv`V>>i] viiiL>L> i i>}>i
ii>} }>\>\>\]ii`vvii>v iV
>i>>>>\>\>\>\]i>L>`i
>>\>\>\>\]>\>\>\>\iV>V>i`
>V>

/i
i->-`

iii]iv`V Liiiiii>}i
i>Vi`>>>}>\>\>\]ii
>vi>viVi`>\i\i\\ >> i\i\]
\\ iV > V>i` > V> /i Vi v >
V>>`>V>>i>i`}
} >L v`} >i `i `V `> `>VV
V>>V>Vi> }`ii`iii vi
iiiiiVi>i}>`iiV`Vii
V>Vi>>iv>>Viii"vii>Li
>>>iiVi>ii>i>Li/ >i>
] L > VV `ii` v Li> v }>`> iiV />
V> >Vi`vv>v v>Vv}iv>
}>}i
/`}ii`>VV >iiV>VVii
`VVvii]L> iiVi>i`i>V>/iivi]>}>}i
`iVLi`>>i]iiv>i>i`>iVV>}>>i>}
/iVVii`i`Li>iviii>Vi>V>
>ViV>`>>`i>i>i-i>iV>>Vii`L>
V>`iVvQR]Qx{R ii] `iVLi>}>}i>>
i\
>}>}ii}>`i`>>iQoRviii>>`Vi>i
>i>i/iiii>`ii>i>i
viViviii>V] `ii`iVi]`>Vi]
]Vii>]V>>``L>i>}iii>V
ViViViviiiV}`iVLi`V>
}VQnR
 >``] >L `>VV i>> v iiV ` `V }
}ii}i`iiiviiViviiV>>i>iv
iiViVi>iVV>>Vi]i>LV>>Vii`L
i>V]`ii`iVi]`>Vi]]Vii>]V>>``L
>i
viii`]`>iViiVivi`iiiviiV
ii\ >i`iiiVvV>]`v>
>`ii`iv}i>V``>iiiL>i`>>i`i
iV>iviiVi>}i>i,>ii}>`>iLivi>V`
`>iii V>>>ii>i viV>>i
Liii>iii>VV`>Vi>v>>iiV>Li
>i`i>`>iVvi>Viii>v>>vi`LiVi
v`i>

PDPDYVQDQD

RU

SDSDYVWDWD

SDSDYVPDPD

DFRXVWLFIRUP

P

S

ODELDO

S

RUDO

RU

D

S

Q

W

GHQWDO

QDUURZYHODU

8

,
H

D

FORVHG

KDOIRSHQ 

,

QDUURZSDODWDO

D

EURDGYHODU

P

EURDGSDODWDO

PRQRSKWRQJ

FORVXUH

EURDGYHODU

RSHQYHODUORQJ

WHQVHELODELDO

QDVDO

YRFDOLVP

FRQVRQDQWLVP

S8S8YVS,S,

SDSDYV S8S8

RU

SHSHYV S,S,

SDSDYVSHSH

PDPDYVP,P,

SDSDYV S,S,

SDSD

DFRXVWLFIRUP

"iL>V}` vi`

} >>V>}>>V} Vi>}>}i>V

{n

/i
i->-`

/iVi>` >iv` i>LV`vii


i]i>>`ViviiV}>>`>`iiVii>
VLiii>Vivi`viiVi>i`V>VV]>
i`Lv`>i>i>`Livivi`vi}>`iiV
iV}]V>iiiVi`iii >V>
/i`L>i`iv}`i\ iiv>` iiii
``>`] >Li]`]iV >i `i` > >L>` i
/i>}i`Lii`vviLii>`viVi V>}i`>
i]ivviVi>i>>`]Liii>}i>i
vQxRVV`}]iiiV>>i]>i`ii]L
>i>LiiiiiLi`i`iV>iv>`i
Vi]Li`iiiiiiii]i>}i>>ii>ii
}> v `i>ii> }i>i`i>

i>vi`
ii`>iiii>iviiVV>>Vii`L
i>V]`ii`iVi]`>Vi]]Vii>]V>>``
L/i`Liv>V>ii>iiiViii}``>
iiV`>` >L >`]>`ii>ii>>ii>
`}>Livi>iL>` /i}>v`>]
}i}iii]>i>v>viiViiv>>>`
iV iiV  i i>> v i >i> Li i}>i` i >`
Vi>V>ViiiiiVi`>LiVvi}>i
Vi>V>Viiii`ii_>_]_>\_]_>1_]_1_>`_\_]>
iV>iv}iivi`\_>_]_>_]_v>_]_-,>_]oiVi>
>`_>_]_>_]_>v_]_>_]oVi>
U iVi>V>Vi\__]_,_ ii
U Vi>V>Vi\__]__nii
U i\v}_>_]_>\_]_1_]>`_\_ >i>i`}_>1_
i>VviiiVi>`vi>Vi]>i>>ii>
`Vi`i>i\
iVi>V>Vi\
i_>_
iVi>V>Vi\
i_>\_
i_1_
iVi>V>Vi\
`}_>1_ iVi>V>Vi\
iVi>V>Vi\
i_\_
Vi>V>Vi\
i_>_
io

>_]_,>_]o
>\_]_,>\_]o
_1_]_,1_]o
_>1_]_,>1_]o
_\_]_,\_]o
_>_]_>_]o
_

" >}>`V>}

/ii>Vi>iLi``i`>V>iiiVi/ii>iiiVii
\
>i\ >Bi
iVi>
Vii
ii}i>V
i>i\ > Bi > ii}i>V
_`> \,J > J>}J>_
>i\ >-E}iL iVi>
Vi i-
i>i\ >-E}iL > i-
_`>-\}JL > \J_
/`iiiV>i`\`iiiVi>i>>i>`>`L
>vi>i>i>>iVVV>Li]>`v` i>i>i>
>`Vi`Li /iiiV>i>>`}>iV`i`7
i}>vii>}i ii>i`]VviiiViiiVi
>}>i`>`i`>``>
i>`Vi>>i>vii>V]v>i`
>Liii`Vi`Vi>Vi>ii`i>Vii\
_

>__>_]_>_ _-,>_]_>__>_]_>_ _,>_]_>__>_]o

/iiVii`>ivi>V>`LiV>i`i]ii]
i>i>i`i`i`i>>] > >i
i`]L> > >V>>i`ii/`ii>
>v*ii]ii>ix>viVi>V
> Vi >` { > v Vi> V> Vi v i
Liv> ii`ixiiVi` i]i>Liv
iiixx iiiii}Livi
>iLi i`L]ViiV>`>>iiVVi>i
LiV>i`]/*>iiii}>`iViVii>L
vi]>Liv >ii` x /*
/ii iiii`i>>VV>i}>>/i
> > iiVii`>> xV>i r iii>]
x r iii`>i`V>ii/*iiVi`ii
V>ii>]i>}iLi>}i`>i>Liii
i

">}>`V>}
/i>>vi`>V>i`ii/*>vi>i
`i]{i>`] >i>}V>>V]/* >>i`i]i>`]
>i>}V>>V>L/*>i>iii>>i
v>}Vv/>Li>`/>Li/iviiVviV>i`V>i`
vi``>iiii`/i`L>i>VVV>i

/i
i->-`

vi``>>}>iii`]ii`>]i>i}L>
L]i>iv>V>}i`iiVii`>V>>ViVviVi
ii>}LiV/ii`V>>>ii/*>i
>`iiviV>iv `L>i}iiv >`
iii}"vi>iVi>iv{xii>
V>i /*i`>>>>LiviV>i >i`ii`>>]V>Li
>i` vv>>iV>ivvi>>Liv>i` ivi>i
iV>
v>` V>i`ii]>V>Li
>`ii>L>i` iiii]iviiiLi
vLi>ii`>`ii`iVi>>>Li]>Li
i >}i>iLivi iiv`iv>]
`i>i>Li>Lii>i} iiv>Viviiii
]>V}vii>vi`>>i>}]Li
ii >` i> `] `i / V } `}i` > Li v >
 iiviVi>V>Vi]i`ii_>_v
>>>`iVVi
/>Li>`/>Li}>V> iiii`Vi}iv>Viv
iii/*}vi>iiv/ii`>>>iVi>ii>`
]>iiVi`]>iv/*>`"vi>i/*x]]]>`{\ /*x
>>ii>>ii>>ViL`vvii>i`>i>
>i/*>`>>iiiii iVviV>iiii]i
/*]]>`{>>ii>iivii}iiii>i
>`x/>iLiViV>Li>Vi`L>Vi
Vi`>ivV>i /*>ivi}iii>iLiV>ii`
>>>`>iLii>i/`i
iLv>}iV>iiiiiiiV>>ViV> i
iVii`> ]ii}L} >i>`{>iivii`VV>
i/iViiVi>>>>`LV> }iLi>i`
/i > `L > >`>`i` >> `L] V i
>i>i}i`>` i``i>`iviiV`iv>
V>>L L `i ii`}ii >>`L}
i]V>i`>>iV>`>>iVi>ii`}i>>iV
i>ii}i/iL -`i]>`>}i>>iV>ii1/iL
>>`7i>i >i}-/iVvQR
v>>`Li]V>Liiv>viV>i
>i`>>`Liii`ii]iiV`>`L
iViV>LiVi>>Vi`L>V>V>}vi>Li
Vi]Lv>V}/]ii]i`iiviVi>
``Lii`>ii`iVLi`>ii}>`}xvx /*
>i]iiV>/* >`]>V>}vi>LiViV>Vi>
Li>i`

" >}>`V>}

/`V>iVi>>ii>iLi>>i`>`iii`
V>iii]>Li>`V>i>i`>>>iiv"i
V>]>V>vivL /* >iv`
iVii`>Livii>iLi>i`>
i>i>}i>}/Vi>ii>i`i>Lvii
>i>`>`]V`Lii}>viLi}}ViViii
>iiv>}i>i}vii>]i>i>
iii]iiii`i`}i>>`iV}/i}> >
}ii> i>iii>i iiV`ivi`vi>i]`ii
i>>L vi>VV}ii>V>iii`ivi`vi>i>i
/>Li >>Vi\ivV>ii/*
x

73

73

73

73

73

73

73

73

73

73

73

73

73

73

73

/i
i->-`

/>Li-iV Vi\ i vi V>i i /*

73

73

73

r n

73
x

r n

r n

r n

73

r n

73

r n

73

73
x

r n

r n

73

r n

73

73

r n

73

r n

73

rn

r n

73

73

r n

r n

i iVi> >` Vi> V> Vi /i i i` ii


Vi>iiiiv>V>/i``>iVii`>i
`Li>i`v`ivi`iv]v>>>`iViiV
/ii>} }>Vii iV> v``> >>i
vv`vviiVi/iivi]iivV}ii>
i`>]vi>i] i`>> iv}V>i]ii>i]
v>V]}>V>V>iiviiVv>>ixV>iL

>>Vi\ ->viviVi>V>Vi

ix /*iiV>>>`iVVi/i>i]ii]i
i> `iV}ii>i`iVi`Li>>i iii>
>i`>>

{ >>Vi\->viviVi>V>
Vi
}]i``>iv /* >` /* vi>>ViV
>Vi >>i>> q iiv/* iiv]i>v]
>`v /* i}]i>v/i}>VV>Lii>`>v\
V`>iiiivii/i}iV>}vi
iiV i `i}ii v iVii` > v > > 7i
i>`>]L>V>>`iii>> v}>iVi`
}>iLiii1vi}> >>ii`/iivi]
i`>}>i>i>i` i
 /* ]iiiv>v>>iiVVVi`>>vi
L >>i`}i`>iV>i>Vi>>v
`V>iii`>i\
U iiVi]],]]] >`
U i- iViv
]-,]-]-]-]-]-,]-,>`-
U iviVivv]v,]v,>`v
iiVi]i]->`v>i> iVi>`>i>viV
>>>iiiiViVi/i>ii`iV`V>i`Li
i>VV>Vi>>/ii>VV>Vi>> >>V>Vi
`i>}V>i}ii>L>i`i`ivi`>>Li/iVViV
i>i`ii>] v Vi] >ii>}>iViiVi
vVi>`\ivi`v>ViVViVi`iVLi
V}>>ivi`iVivV>v}i
i>VV>Vi>>>i >Vii\iiiVvi
i>ii>`iiiVviv>}i>i`
>}ix] V> Li>i`>ii ivL/* >iV>i`Li
>  i>] i >`>V V`i> `>Vi V> Li i` >
i>ii/ii`i`i7>`i` >i>VV>>}}i
>iVi`i/iiVi`i>iLiv`iVLi`>v\
U v>]i>VLiViV>ivi>`i>VV>Vi
iii>i>>iVivi>}
U `>Vii>iiV>V>i`v>LiViii V`i>`>Vi
U /i Vi > >i i }i `>Vi v i >i >i >i` >`
VLi` >}
U /i`>ViLiiii}Vi>iV>V>i`>}>i`Vi``>Vi
>

x{

/i
i->-`

/iii>iii>i`>Vi>iVLi`>}/i}>vi
7>`i`iiLiV>>ii>>Vi>}>i>
Li}i>}>Livi`"LiV>Vi>i>i
`ivi`ii}iii>iiii>>iVLi`/i>>Vi>
i>i i`>iii}iii>iii`i>i
i>VV>Vi>> >`i7>`i`VvQR

v
v,
v
,

}
}
}
},
}
v,
v
`<
`,
`
L
L
-
-,
-
-
-,
-
-
-
-
-,
,

v
v,
v
,

}
}
}
},
}
v,
v
`<
`,
`
L
L
-
-,
-
-
-,
-
-
-
-
-,
,

} /* iv i >v >` /* } i >v] >> Vi] iVi>


V>Vi]i>

>>Vi\ ->viviVi>V>Vi

xx

/iV>i``i`}>iiVi`iiiiii>iii
>i>/i`i`}>}i>Viivi}vi`ii
iVi`7>`i`]i}i >iVi`xiV>ivi>i
vi>vi
/i`i`}>}iiiiiVii`>vV>
ViL /* ]ii}{i>i`/* V>viii >i
>>Viv>VV>>Vii`L ] Vii>>`i>
ViiVi`]>V>Vi>iV>vi`>>}i>i`i}ii
v>`>/ii>iv>V}}>ivi`
`>vi>`>ii`i>iiiiiii>>Vi
/i`i`}>iiiiiVii`>vV>Vi/i
`>>>i>V>iLii`>>`i i>iViv`ivV>v
iiV`iiVii`i]i`iV vvi>i`i
v> vV>i]Lii``iVv`vvii>V>vV>
iiiv>L\
7i>iiiViiiiiV`i`i`ii]i`>i
V>vi`Liiivi>iL>Vi]iL>iVi>LiVi]LL
V>}i``>vi>iL>`iViiv
V>vV>iiVi`i`}>>vi}ivx
i V>i i `iV v ] i v i > v i i v q V
i>vivV>vV>ii>/ii`viV>vV>
`V>iiiviVi>LiiiV`vi>i]ii}V>>`
>VVi>VV>v>`i`/ii`V`>i>i
iViviiV`i}iL>i```>`]L>
`i V>>ViVvi>`ii>

>}iiv /* >`]>`> /*iiivi


ii>>iivi>vi>iiiii v`ivV>
Vivvi/ii>>>i>`]-,>`
-,]L>`]v>`v>i>v,>`v,iVi>i>i>`
}i`}iii iiivivi`V>}
i}iVi]]]-]-]-,]-]-]]]
]
>`,
V>/*]v/*ivi>i>>i`>iv>V]ii
>ivq }iV>Viv]v]v,>`v,]Lii
>ii`iViv>`V- q}>iVi>Liq}v/*
i>` ii]>` iv >ivViV>vV>
Vi

/i
i->-`

&$6(

5HVFDOHG

'LVWDQFH&OXVWHU&RPELQH

1XP /DEHO


WV





SO



SQ



EO



6P

6Q



VP



WVY



G=






NQ














JQ



JO



G5



N5



NO



VN5



J5



S5



W5



JP



PQ







Y5









SI



I5



SI5



SIO

&

65



6W

6O



6Y

6S

6S5



6W5



6SO



VNO



VO



V5



SV



VWV



NV



VN

}/* >>Vi]iVi>V>Vi]i>



>>Vi\ ->viviVi>V>Vi

}{/* >>Vi]iVi> V>Vi]i>

xn

/i
i->-`

x
>vi>viv>>>`iV
iiV
ii`i]iVi>` >V>i``ii>i
V`v>>>>`v>iVVi/iiVii ]
i`iiV>i>i>`/iiv /* >`]viVi>
V>Vi]iVVi]i >]>i}xV>
>>Vii>vivL/* ii>`Vi`v
iVVi/>>ivi`LiV>vVi`} `i`}>
v /* Vv}>}ix>`} >}i>` /*Vv}
{>}ix>`} >}i\
V>i>>Vi]> LiViiVVi>iV>vi`
viiii]iiLiVi`}}V>iiL
iV/i`i>iiviiVVi>iv /*
>v/* \viivvivii>VV>Vi>>]}
viiLiV]}v vi]ivv]i}vii>`}
vLiViivi`vi> >}iL /* `i
V>v`i>i`vviiVi]i`>>vi>>>`iVVi>ii
ii`}ii/>Li/i>Li>]vi>>Vi]`Vi
vi>i>>`V>}>ii`vV>vV>>}ii/iiiV
i}>viivv>ii>vii>}LiV>>
Vi/>vi`V>viivviViiv>LViv
>>V>}
/i>>iiviiVVi>`i>i`v
Viiiii>iviiV>vV>ii>`iLivLiV
i}}vV>}i>i/>Lii`>>i>>]i`
L`>>]/*``i>`iViiV>i>>>iiV/i

/>Li LivLiV}v>>>`iVViv/*>`
/*>viivvi
}DLiVi>
V>vV>ii

/*

>>Vi
iVVi

/*

>>Vi
iVVi


>vi>viv>>>`iViiV

v
,

v
v,
v
,

}
}
}
},
}
v
v,
v
`<
`,
`
L
L,
L
<
-
-,
-
-
-,
-
-
-
-
-,
,

v
,

v
v,
v
,

}
}
}
},
}
v
v,
v
`<
`,
`
L
L,
L
<
-
-,
-
-
-,
-
-
-
-
-,
,

} x /* iv i >v >` /* } i >v] iV Vi] iVi>


V>Vi]i>

ViiVi>iV>i`i>ivVV>>i`/iV>i
vV`Li>i``>LiViV>Vi` i
`Vivi>iViiVi>>>i`
>} iiivi>>>`iiVViv>x /*>
}n>ii`ii>iv}iV}i``i
i>`i>```>\

/i
i->-`

&$6(
1XP


JQ



PQ





JP



NQ



SQ





5HVFDOHG

'LVWDQFH &OXVWHU&RPELQH

/DEHO



JO



SO



EO



NO














&





NV
SV



WV



VWV



G=



S6



VI





VN



VN5



J5



W5



E5



N5



G5



Y5












5
S5
6S5
6W5
6
6S
6W
6P
6Q
6O



6SO

65



6Y



I5



SI5





SI



IO



SIO





VP



NY





VO



WVY





V5



VNO

}/*-iVVi]iVi>V>Vi]i>




>vi>viv>>>`iViiV
&$6(
1XP

5HVFDOHG

'LVWDQFH &OXVWHU &RPELQH

/DEHO



NV



VWV



WV



VI



SV







G=





S6



VN






SI



IO



NY






SIO
VN5




VO



WVY

6P



VP

6Q

6S



6Y

6O

65





6S5
6SO
6W5



SI5



V5



I5




Y5
5



S5



E5



G5



J5



N5



W5





















SQ



PQ





NQ



JP





JO



JQ



NO



EO



SO

} /*-iVVi]iVi>V>Vi]i>



/i
i->-`

v
v,
v
,

}
}
}
},
}
v,
v
`<
`,
`
L
L
-
-,
-
-
-,
-
-
-
-
-,
,

v
v,
v
,

}
}
}
},
}
v,
v
`<
`,
`
L
L
-
-,
-
-
-,
-
-
-
-
-,
,

}n x/* >>Viivi >v>`iVVi}i>v]i


Vi>V>Vi]i>

i>>Vi]iVi>vi>i>>}`i}iiv>
`>ivi`/i>i>>v]ii]>iv`>}>ii>i
>viiVVi>``]i> viv iiVVi


>vi>viv>>>`iViiV

>`i}>`>`VV`viVii`>i``ivi
> ivV``V>i`ivivi>>Vi>
i
v> ii`>>>i> v>i`>Li> i
iVVi`iV>i}>V>>ViV>iiviiV
>i V>]`}>``iv/Vvi` >iL iV
>>i>>vi`i`}>>`vi>>V`>>Vv}]}
]>`/>Li{
/iiVii`vv>>ViV>>Vii`L>i>VV>Vi
>] iL>viVii`]Vii>vi>i]i>`>i>VV>
vV>v>`LiV/i``>LiVv>>iiVVi
>Li>vi>i >VViiviViviv /i
Viv>>V>}`iVLi`L>LV>LiiVi>V
vi`Lii>i>viVi>`/>i>>iV
>}iV>iiV`V`ii`v`iiiiVii`i
/iV>iiviVVi>ii>i`
Viv>>V>}>i>>V>>V>Li>vV>Vi
vV>Vivi>i>>>iiV>>i`ii/i
`>>Vi>ii]>>i>Liii`/iii
>iiiiViiV}> i`}>LiV>>Vi
V>>iii>i]v>V]V>>Vii`Lvi>iV`i>V
i>iviiiiViv>}>}i`iiiiii>
i>i`VVi>iivi>i>>iVV>iv>i/i
iviiViLiVii>}>i>>iiV
iV>iviViiV]``i`vvii\vV>>VV}
>`V>v>]>`ivviv>V>i>>Vii
vv>>iiV/>i>>iiVii>iviii
`iVi`]vv>]>>iv]L>iVi}v>>VVv
>V>i]iiviv>>iiV/iViiVi>iV}>
>i>>i`i}`viv`vvii>i`>`iVi>>v>>
iiV/i>viiv>>vi\

/>Li{ LivLiV}v>>>`iVVivx/*>vi iv
vi
}DLiVi>
V>vV>ii

>>Vi]x/*
iVVi]x/*

/i
i->-`

ii`i]i`>V>i`vi>
i>`iVLi`]L>v>``>V>qiVL>
> v ii `>> > iV iiV }> `ii` i
iVi>Livi>iviivV>}`i>i V i
iiVvi`iViiVivi]iivi>i>iv
i}>`>i]iivi]i`v>i>`ivV>i]iii
v>V>VV`>iii>`LiV/i>}ivviV]i]>
iii>i>`i`

->viv>iVi

`i}i>vivi>>Vii/*v>iV
i]>`>/* >>>iivi>V}/ii
`iVVvi`>>`V>vV> >ivi`>}ii
vV>}Vv} >}i >`}>}in
/* >iVi>Li>ivV>vV>viii
Vi>\>`>1Vv}>}i>`}>}i /ii
Vvi`ii`>V>Vi>i}>i`iiVii
Vii`>>`>>i>i>i>`V>vi`>`V}i
V>vV>ii
>iLi>>`>]i
LiviiiiViVV>}i/iViV>
iii>>Vi]iVi>V>Vi]i>\]/* ii>i]
ii]> i`v>`}}ii/>i>>`vviivi>
i>iiVi>vV>vV>>iiV/i`>v`
>i>i>ivi>iiv/*
7>v ii>>i > >} >iVi>i>
iVi>\>`>1iiVi1>`\ Vv} >}i
>`}{>}i>}}>i>iiVi>`
>iViiiiiLivLiV}i`}ii>}>i >
]>``vvii>>i>Vi >VV>iiiiiii
>>Vi/i>iv/* >`
/ii>Li>ii`iiiiv`}>ii>i>i>
iii>i`ii>}i"iV>iv>i>}iV`
Li`ii>iVi>i>i]>iiiiV>i>
i}V>V>ivviV>`]>>]>i>}>`V>}vi>`
ii/i>i>>]ii]ii>iL>LiLiV>ii
>}v L/*i>ii]iiiVii`iiiV>
i`iiv>] i>\]>1]1>`\Vi q VVi>`vvV
i >} ivviV V> Li i` > L>L Vi i Vi>L
`LiiiVi`>` ii`vii}>`i`>``ii
viii/i`V` i>i>i`}iii`

->

 i `iVLi`] i > vi v iV iiV Vv


Vi>}ivi>>ViiVivi`/> >
L /*i iii `i>`viiiViiLiV >`>iiv
vi>iV`ii``vviii}i`>/>i>`ii`
>i>>Li>}iviViLi}>Vii`]iiV}}
>`i>V}viVv}{ >}i>`}x>}i
/V>>LiLii`iVi>Vi

->
U /iVi>`>}ii`>vV>>ViVvViiVv
Vi>i V`ii`/i>>`}Vi>Li
U
>iiiVivV>>LiViiii`>>}>]V
i>V i i>}i >Li ii Li` >>`}>V> /i
>LiiiV>i`iiViiVii`>
U /i}> >}>iv>i}>`} iLivi}i`>
i>VV>>V>>Vii`L>`i>>ViV>Lii>L
i`>>>>Vi v`vviiii `V>i`>>>}]
V>i}V>Vi q V`i i>>>V> V
i`
U  vi}> >iiVi`iV>V>ii`i}iiv`vvVv
iiVViiLViVviv>L>i`iiV>>
>Vi]v>Vi]vi>V> >>iviiV`V
i> i iiVi i> VViVi >i / }> i v> i
viLiV>i]>}i}]Vi`iii>iiV>
v`>>]>`ii>>Vii>iLii>>>Liiii
/i`>>Vi`` >i>iiiiiiii>V
Vi>}iiiVi`>iV>iVi>
U /i``]iivi]LiV>vi`>>vi>L`>V>i`
v`iiii>iiVi`i >>Lii>ii` i
}ii>i`}iiiViVii`vV>>ViVviiV`
ii]>Vii`}>
U /ii>ii>iVi>>>ViviVii`iiV`
iiV>Viii`ii>i`]i>viiVi
viiiV>viii]>}i}/iiviV
i > ` >v v i v i iiiVvV iiV> v
Vi/ Vi>v>i>V`ivi`iVViiV>`
iiViViV>>i>Vi]ii]v>i>i}>`
ii] >> >` iV iiV >i V>i` i >i v i v
i >``]iVi`i`i>iiiiVvV>>>`>V
V`> Li> >` ivi q >}>] >>i q L >]

/i
i->-`

i]ii>`>iViiV`>`iV`i>iV
i>`>
U
ii]iiviVi>`>i>VV`>Vii
i>i >iVv``>iiVVivi`}V
>}/>i>>>i>Li`i>`i`vvii>v
i>}>vi>i>ii`viii>>i >
>i`vvViiVi}ivviiVVi>i>> >i`i
`>>>>i`]iv}VVii`\-iiVVi>i
>i>`i>ivi`iii`Lii>i
vi>i`vV>ii>`V>}ii>>`i>iv
>i]iiV>iiii`>i`}

->

&$6(

5HVFDOHG

'LVWDQFH &OXVWHU&RPELQH

1XP /DEHO


PQ





JP







Y5





SO
SQ
5



W5



J5




EO





S5





NO



NQ








JQ





G5





JO




&
E



6SO



VN





VNO



VO



V5



VN5



G=
SV






6
]
6P



6Y

6Q

6O



6W

65

6S

6S5



SI5



SIO





SI



I5



S6



WV



NV



VP



WVY



VWV

} /* >>Vi]iVi>V>Vi]i>1



/i
i->-`

&$6(
1XP

/DEHO





I5



SI5



SI



6W5



V5
VP




VWV



WVY






5HVFDOHG 'LVWDQFH &OXVWHU &RPELQH

&
G=




S6



JQ



NQ



JP

6P




6Y
6O




6SO



PQ





SIO



SO



SQ

6S



6W



VNO



VO



N5



VN5



NV



WV





W5





Y5



EO









J
N
S



J5



NO



JO









VN

65

6S5



S5





SV





G5

} /* >>Vi]iVi> V>Vi]i1



->

&$6(
1XP






J5



N5



I5



NO



SO



JO



'LVWDQFH &OXVWHU&RPELQH





5HVFDOHG

/DEHO

I
5




G5



65







Y5

&




WVY



VP





VNO



VO



V5



VN



SQ



SV



SI5



SIO



S6



SI



PQ







NQ



JP



JQ



EO



G=



6Y





6SO



6W

6S

6S5

6P

6Q

6O




K
S



S5



VWV



WV



NV



} /* >>Vi]iVi> V>Vi]i>\



/i
i->-`

&$6(
1XP

/DEHO



I5



SI5



Y5

6Y



NV



S6
6



6SO



EO
J



5HVFDOHG 'LVWDQFH &OXVWHU&RPELQH

6P








6W



NQ





VO



G5



G=








VP





&



WV



WVY





W5



VNO



VWV



V5



VN
SQ



SV



SIO



SO



S5



SI







NO



PQ





N5



JP



JQ



J5



JO





6S

6S5

6O

6Q

65



}/* >>Vi]iVi>V>Vi]i>1



->
&$6(



5HVFDOHG 'LVWDQFH &OXVWHU&RPELQH

1XP /DEHO


&



6SO



G=



VO





SQ







SO



PQ





NO





6Q



VNO

6S



SIO




6P



VP



SV



WV





VN5



6Y



W5




EO
65





V5



J5



JQ



NQ
G5





JP
6
Y5





SI5
5



VN









I5

6O



N5



NV






Q
6S5



WVY



6W5







6W



S6

}/* >>Vi]iVi>V>Vi]i1



/i
i->-`

&$6(
1XP

5HVFDOHG

'LVWDQFH &OXVWHU&RPELQH

/DEHO

6O

6P



WVY






NO



NQ



J5



VWV



G5



SI5





I5



6W



PQ





SIO



G=




VO



N5



Y5

65



SV





S5



VNO



6SO



W5

&



JO



EO



WV




6Q
VN5



JP





6
6S5







6Y





JQ





S6



V5







VN



NV





VP





SQ

}{/* >>Vi]iVi>V>Vi]i\



->
&$6(
1XP


EO



VNO



NV



J5





6Y




5HVFDOHG

'LVWDQFH &OXVWHU&RPELQH

SI
&



JP

6P





/DEHO

I5





SO
VWV



6W5



VP



NQ





NO





E
V5



WVY





6O



6SO



G5



NY



WV



G=



PQ



VI



SV



VN



VO






E5



Y5







SI5





JO



N5





6S5



VN5



6W




IO

6Q



S6








5
I
65
W
6
O

6S



JQ



W5

}x /*-iVVi]iVi>V>Vi]i\



Li>i>>Vi`ii vVi>`iiV>iVi>
>ii>VV]>}iv`>i>iv\
 ` ii iVii Vi >` iiV > >` V> ii
ViiLi`ii`
>>i>iiiii>ii/iViVi>
`i>i>ii>`V>} i}]iiL]v>V>V>
vi]i}`i`>Li}`iVi` >`V>i>>`i
Vi7 i}>` iVvL]V>iV`]ii]
> >VV iiV ii ` Li i>>Li] L i iVi>
Vi>]>i]iiVii`iiV`V]`>i>
>>>iiviVi>LiVL i>v>LiiLiV
`v> >>i>ii]>}>>i`>>>i v
"ivii> viiV>Vi>VVi`iviVii>
ii>i>>` iv>V>iiL>viviiViiv}
ii\i>}>>i`>VV>>>iV>v>i>
>`>`>iviiVi> vi>i`iq>qV>i`/
Vi`i]VLvV>>i]>`i>}iviVi
>i>>`]>iii>`i]>`iii]>>i
>iviiLii`ivi` >``ivi`
ii]>}>i`
iii>`iviiV>>`>}>i`>i
`ivi`iiVi]iV>i>i/iLi>v `
i>>V>`iv>iVi>`ivVi>`iiV>
iVi]`iviiiiLi>`vvi>>`}
ii`i>V>iiviVi>iiV>`Vi>
/]`ii`]i>>V>>i L->}vvv>iiV>
iiVi]ivi`vVi>`iiV>iVivi>i`>>
i}>iV>VVi/iiVVi>V`i>i>i
V>>iV`ivVi>`iiV> iivi>ii
>i`i`>>L>`i /i>}i`Lii`vviLi
i>`viViV>}i`>i]ivviVi>i> >`
]LiiiVV`}]iiiV>iVi>>i]
>i`ii]L>i>Liiiii>i Li`i
`i`]Li`iiiii iii]i>}i>>ii
> i i>V] `ii`iVi] `>Vi] ] Vii>] V>
>``L>i>Vi/iiVi>i iL>VV

Viv>iV`i>>iviiVi iiVvV>V} i
iV `i >i iVi >i` L >` iVi *>V>]
i>iiiL>i` >iVvi>}>}ii] >VVV>v
V>Vii iiV>>Vi7>vViVii`iiV
>]>`vi}L>V>``iviii>>`i
V>iii`Li}1}>iviV]i`iii`V
ivi>ivVi>`iiV>iVi>>>>>
"i } > V> > >>V >` i `ivV> v iii v
Vi>`iiV>i>ii
/iiiV>V`i>>Liiv}iiiii
v}>ii\
U /iivV>V> iiV>`iiV> i>Li}
LiVi>`iviV>vi>i>ii/iiiLi>
V>Lii`Vi`>L>i]>i>i}V>`LiV>Vi>
i>}>`i>`i>} >i`>iV
}`]>`>iiiV>LiVVi`>` ivi`V>>
>iV>LiV>vi`>i>ii/i>i`vLi>>i
>vV>V>}>`>V>i>}Vii
U `iV>viivVi>`iiV>iVi>i>}
Vii] > Li v iii Li vvi` } i }] i
i>}Vi>`ii>}i`LiVi>`iVLi`]>`
}}Vii LiV>Liii]`i>`}i>ii
Vii>ii}`i>vvViL>vV>}i>i]i
>>Li>>iv>ii>}iiiV `
i>ii>>V}i`
U i]i>>Li>iii>>VVivV>L
>>i`]iiV> Li V>i` i`i>`>`V`]>`
i>>i>i`ivv viLiVLii>i`i
iViLiVii>>`>V>iviviiiii
vvi`]i`i>>L>i>ii>iL>i>L>
i}>iVi>iii
U "i>vVi>Viivi`viiV>>ii>`i>
>`ii i>Vi`iii>i]iii`V
iiV>`ii`iv>i>iLiVi]ii
>`Vi>`iiV>iVi/iii]]>i`ii
`i ii`>> iVii`iiV>>i >iii]i
iii>ii>i`>iiii`iVLi`>Liq i>
}iiVii>]>}ii]>i>ii
viVii`Vi>`iiV>>ii`>L>V}`v}}ii>V
>``iii

L]Vi>`iiV>>iLii>>Vi`i>i`V
iviiV>`>iVi]>vV}vV>>Vi
V>i/>iVi>LiV>iiLiVi>`Vi>`i>
iv`>i>>>VLivi}iiii>`>>/iVi>i
>i>VV Vi>>>LiV>i`iiV>
iVii`iVii`> >}V>i]i>V>ivi>}`
>ivV>viiV>V>iVii`>>V
V>iii>iV>i>i`i>LV>i
> LiV v ii>V `> >i] v i>i] i i> Liii i
Vii`iiV>>`Li>`>iVi>Viii]>
>i>`>`>Vi>>vvV>>Lii>`>Liii`i
Li>Li`iiV >``ivii>V>>ViVv Vi>`iiV>
7iV>]vVi]iV`i >i`i>i>i`iii`v
vi`>>V>>iLi`vi` iVivvi`vvii>v
iii>V>i>>i>i `i>i

,iviiVi

QR `> ] i -  >>V v> >` }ii>> v


VVii i> V>} \ Vi , ] , ,] >>i i`
,i>`}>i>V>V}7iE-] i9]q
QR i ] V  -] > n  i iiV\ /i />
i
>L`}i1*]
>L`}i
QR iV> >>->`>`i-xi`vi
>V>
vi-iiVi}L`i- -] i9
Q{R }iiiiVi>}i\-iiV
]
xqx]n
QxR Vvv 6 n{ iVVi `i >VViiV i}\  v
v>iV}-}i] ii`iLi} i9
QR Li *] -> 6 n Vi 4LiLV Li `i
iiViBii}\ViiviiV>>>Vi
\-iii` i*V}i`i>`i `6\ *>}i
``i}ii}\ /iV}viVi66\*>}i
>`iViiVi`i]<V]x{q]xx
QR >V>  >>i >ii`i i}\ >>i
>>i`*i] i
QnR >i 6] >i  { ` > i>> v iiVV`}
i \>V>>VV>]]{qxn
QR iii`  ] -ii`   {  iVi> iiV > i>i
L>i`>V>VV`iii>\` }-V{]
xq
QR i>  }Vi iViL} `i *> `i
iVi` V}ii*}>iiii}
>V ii i7ii}\}V`iV
vi>VVvi>>``iiiv>}>ivi
}ii> v >VV> ViV i>V Li>} `
i],1i V
QR iV ] > ] >v`  /i  >v`> iV
iiVi v>>i>}V`i\ `]]nq

,iviiVi

QR ii , 7 nn i} iiV >


i ivviV i}
iii \ /i >}i > >V /iiVV>]
-i ]*>i
QR i
] 6> ] Vi ] >> 6] iV 1 n }>
ii >ii } i>V> i`V>Li iiVi \
*V iiV]*>]>Vi]q
Q{R i}i  n iii 6iv>i ->V>BVB} q
`ii>`i/ii}\i>i`viiV >
i> q `iv>`i->i]>Vi
QxR >i ii}i/iiLi >ii`i-ii
i}\-iViii vVViVi}i
\ ii ] i > i` `>}i`i > Lii `
iiiV>vi}\ >V`i vVLiiV>`i>
n]-Vii]+VL]{xqx
QR >i i iViL}iVi>>`iiiv>Vi]
iiiVi `i i}\ /i `iV v >`
iiiLi>v>iiiiV`i\Lii
x]{xq{]{n
QR >i  {  \ >> - 6i}
 iiV>}iii iiV`>`i,
1iB V i}\ VV \
V> >VV
VV>} V i iVi ii >VV i vi` v
iiVV> i}ii} >` >VV > ,1i V] ,
1i V
QnR >i  ->> i>} /i *VV v > -`
V>>ii`/*]
>L`}i] x]n
QR >i] >i6`ii>>i-ii`ii
->V}>Li>}}i}\` >>>viv
V`i` iiV }> > > i L i ,1i
V]/iiV*iV
QR >i ] iV 1 -`> i>> q > >ii`
Li\>V>>VV>]n]{qx
QR >i ] iV 1
Vi v ` >\ i L>V
V`i>\*Vii]i]i>] q
QR >i]-V>vvi nx>Vi->Vi>}>Li6iv>i]
}iLBVVi -ii] iVi}iiVi i>} i}\ >V
iiV>`i`]>Lii]>>`i>i `i}
7V>vi>} 7] ii>i]qn
QR V - n 6 `i -i} *>}
i`Bi 6iviV} >i`}Li}ii V} i}\
i}V>}Vi`V>VL>
v>i`ii>V>}]>v>]n

,iviiVi

Q{R ``i  >>i -}>i>Li}\ `ii} `i


,V}ii} ` `i
V>*> vvii i}\ >>
}>Vi}\`i}v`iV> i>}>`iVV>>
ivviV6 6i>}] i`v
QxR ``i ]iV 1 V}` Vv}/i
6iVii 6ivi} `ii iiV} `i
->VLi>}}>B i}\ ii} >` iv} >`
iiiviv}iiV>>i`V`i
>iLi,1i V]/iiV*iV
QR }>>/]-i> >>}ii>ViiLv
iiVii\*V
v-i>}*V]
-*]
>vv]
>>`>] q
QR }nV>i}V>i >iivi`> >`i
``> V>\ii]*i`*i`*VV>
`}i >` i Vi v iVi iVi 6i>} `i
7iV>vi] i]xq{
QnR }{*VV>V>}\>ii\ i]>*]
`L 1 i` /V] ii>i] >` > i> >` `i>i\
iV>>`>ii*}i*>,ii>V>`>}ii]
]-**]-i>i]q]n
QR }] } {*Vi>`iiiV>i}>V>}
\ ,i v i i>i v *V}] -V 1i]
-i`i]q
QR } ] } * n " i i> Liii V>i} V>i >` >
V>i >` > i` v V>i >v> \ ,i v i
i>iv*V}]-V1i]-i`i] q{]
QR } ]->viLi//ii`i`i`i->i}i}\
/ii>`i`vV>}Li] i]{]n
QR >  1iV}i 6iiL>i ,>` `
iii`}ii}\ iiViiLv>`>`
iiL>`V> \,`v `iii{]q]q]

QR >`/]ii vvVi>`>iVi`ivi`>`
VVi i i>i v VV >` iiV i}L
i\V-V]] nqn
Q{R 7/iVV>>ii\iivii>V
iiVi}Li>iV`\>V>>VV>]n]
qn

,iviiVi

QxR >i`
 n V}vi] - ` V}ii
i}\ iii> >}i] Vi >` i v `iii \
-iii` i*V}i`i>`i `6\*>}i` `i
}ii}\/iV}v iVi66\*>}i>`i
ViiVi`i]<V]qn
QR i]V>*,n>VV>}v>>ii\
-VivVi>`iii}ii-*/ >]x]
q]
QR >`  -> i>i -iVii
->Viiiii}\->vi>iiVLi>
viiVii->i]>Vi
QnR
>Li7 7iiiv>iiV>`>ii
V>Li`ii`i\*V` -

"
"- 7
-iiV-i] i>]>>]
,"
QR
i
x " > VV>  ii] > i] >` >
VV/*]
>L`}i]>]]
Q{R
`i ]7] V ]9i}>>>>> n6ViVi
\-iiV
n]{qxn
Q{R
>,]>Li*]i*] BV ]>L> i}i
`i>ViB`ii}\}iiiVViii
vV`i\ "{]{q{
Q{R >`VV i >> 7 `L}\ 
,

*LV>]1v `L}],iV`
Q{R i}
]*>*]*VV*]-ii>
+>i>>vi
iiVii }>}`ii>]V>i}V>i>]
>V>>`i>Vii` \*V iiV]i>]
>]xqxx
Q{{R i}
] *> *] -ii>

ii v >> >`
iV iiV\ i> `i > i] -*,/ *iV
xn]V
Q{xR i}
]
i-]-ii>

}iv>Vii>>v
iViiV\-iiV
{]xqn
Q{R  xq `>}i `i iiV *> \ `Li}vvi
i}\ `>i>vi}*>\ >Vi i] i
Q{R  {x*>En->Viviv}i}\-iiV
vi}i>`}> i] i
Q{nR  {x } /B}i *vi `i i}i
LiVi 7i >V  {x] v>i i}\
VV >i> v i} >` ViiVi] V} v `
>VV`}  {x]iV`} i] i

,iviiVi

Q{R  xxx*>xqn i}vvi`i+>BVi}`->


i}vvi `i+>B>>}ii i}\ /i v> V >`
>V/iv>>>}ii i] i
QxR  xxx*>nq i}vvi`i+>BVi}`->
i>Li}ii i}vvii}\/iv>V>`>V
/ii>i` vi>i i] i
QxR  xxx]*>nq i}vvi`i+>BVi} `->
i}vvi

i>}i

}iv>i
`
}i}iLi i}\ /i v > V >` >V
/i i>i` iV v i}> i` >` i}>i
i i] i
QxR  -" q i +>B>>}ii i}\
->`>`i>i`>>>}ii i] i
QxR } 7 ] >>Vi 6 ii ->ViB`Vii `i
\ >Vii }>i ` iLii -V> i}\
i iiV i}L i i >\ >Vi }> i >`
ii >Li i >Li i \ ii i` `ii
6iv>i `i ->V>`ii i}\ `i Vi`i v iiV
>`ii`>]i`iLi}]qn
Qx{R `i ] />V /  x /i i>} >Vi v 7v}>}
iii\V-Vi]xq
QxxR `i],i,,]7>--iVi>i\>
i]]]q{
QxR /`ViiiVi-}i] i
i`iLi} i9
QxR `>`  -iiV i /iV} v `>Li` ii
i*L] >i]
QxnR i  x " VV }ii> >` i VV>
`vvii>i> >V>\-V>`v*V]]nxq
QxR in"i>ivLiViV>i\-V>`v*V]]
q
QR i ] > 
i> >}`i i> i
Vi}} Vi`i\  V> \ *i ]  /
i`iVi >*Vvi>ii}vii-V
v *VV7`>V *>i] *>] *>`] {q
x{
QR iii7]7i>7]i`ivi`i"i>Liiv
V>i}>` >}`iV>iv>\*iViE*VV{]
x

n{

,iviiVi

QR nq n i>Vi iBi "Lii ii} `i


->ViB`Vi`V`i->VLi>}}`i BVi
ii v iiVVi
}

i}\
iV>VVi"LiVi>iiviiVi}L
LiiiV>`i i] i}
QR `i7n{->Vii\->``i V}``}Vi
*Lii i}\ -iiVi\->ivi>>`>Li
\V` ] >>`]q]{
Q{R i> 
>}} iiV i\ ->i}i i>` iiV >`
V>>>`V>iv>iiiV\*V
v-i>}
*V] 
-*] >vv]
>>`>]xxqxn
QxR i>/i`i>}iii>V\*V iiV]
i]i>]xqx
QR >L> , i`
> ivi *Vi -Vvi {
i> i}\
> ivi *V> V {
i>V*>6i>}]Vi
QR >  n{ *iV >` -iiV /iV} \ *V 8 i

}iv*iV-ViVi]1iV]/i ii>`] q{]


QnR iVi/n iii`i*Vi}\ iivV
V iv`Bi]i}
QR iL>  n{ ->Vi>Li} ` ->VLi>}} i}\
-iiV Vi} >` iiV > -}i] i i`iLi}
i9]x
QR iL>]>]-ViV{iVi ii}`i
->V>B ->Viiii v `i `iVi ->Vi
i}\ ` iii v >i} iiV > v iiV
iivi>\V` ] i`i]
q
QR >>}>   { -iiV >>\ i >` iVi -}i]
ii`iLi} i9]] {q
QR V]>>` ] > 7]>> 6i`n-iiV>`
>ii }> i` >` >`>` `]

Vii] {qx
QR >]i]"i-]i> viViv Vi>`
i`}iiiVivViiV\*V
v
-i>}*V]
-*]Li]>>]{q{
Q{R  - n }> iiV Vi}] i >` iV} 
ii] i9
QxR  - />` L iiV iV} >` `i>`} \
>i6]>i*i`iViiViViVi-}i]
ii`iLi} i9

,iviiVi

nx

QR iVi`inn*V}V>V>}\>,iiv*V]
]q
QR LL }V >iV v iiV >i> Vi >
i] -*,/*iV xn]-in
QnR LL ] i ,] 7 , i` >`L v >`>` >`
iVivi>}>}ii`ii] i
QR L} ] "i - *>}i /ii `i }i}i V}
*>}iivV}i`iiii
>]-}>n]
q{
QnR `inx
>vV>vi`i`v>iivi
iiVi>VV`}i`i>`>Vi`iii\-iiV

]xq{{
QnR `i  >`L i >ii v iiiV //-
i>i] -*,/*iV xn
QnR `i ] / "  > i > >` i>i v iiV
ii iv>Vi > i i}i> ii \ *V 
v
-i>}*V]
-*] >vv]
>>`>]xqn
QnR `i]` ]/">i}}L>iv>Viv
iiVii\
iivviVi>i}>>iv-i`
iiVi > }ii>i` L { i } `vvii >ii
Vi`iviiLi>}`ii>]x>`V>i}
V>i>i] -*,/*iV xn]>
Qn{R `i]` ]/"L-i>iVVi>`>}i
ivviV i >i} >>i v -i` iiVi }ii>i` L {
iii\*V
v-i>}*V]
-*] >vv]

>>`>]q{
QnxR `> ] L> 
/i ivviV v >VV >` `Vi
>>Li i i}i> i}L v iiV \ *V 
v
-i >} *V]
-*]Li]>>]q
QnR >i~i] ii`iV}ii}\i>>`]
>`i>\-`i`V] ii}i]{]
]q
QnR ii> - ] L> 
] * nx *iVi v iiV
}ii>i`Li\ vviVv>}>`>i>>,ii>V
-iiV *iVi *}i ,i ] `>> 1i] 1-]
qn
QnnR i}, i>`L>/iV} vii}7i`ivi` E
V]`]{
QnR Vi]>>6n/i>iiviViiVi}L
}i>V>i`V>LiiiVi-iiV]i>}E>}>}i\
7}i]1
]]`]i> >]q

,iviiVi

QR Vi]6>}}i]  *`Vvi>i] -*,/


*iV xn]
QR  - { ii<iVi }] i` ` >i>B
iii i}\ >
}] i` >` >i>
ii>`}Vi7 V}iiV>v] >>`]
QR v`*x{*ViVi`V>] i9
QR  , 7>ii q i iLV i}\ *iVi} q > i
L>i]-}>
Q{R >}i> n-iiVivi}iiVi}Li\
-V>``]] qn
QxR >}i> n{
V> i>ii v iiV iVi i`
i\-V>``]]xq
QR >LVx4Li->V>`ii`ii7iiii}\
LiiV>`i>`ii}`\Vv"i]
>i `ivi`i]{q{
QR >LV   ->V>`ii `>}i ` >Vi
i`} ii->V>`iiv`>`iVi->V}iLii}\
-iiV>`i`>i>>`>VV>iviiV>`i
vii>>}>}i/ii]-}>
QnR >> 1 "Lii +>BLii} ->V`iiv>i
i i`} ->V`iii i}\ "LiVi >
>iiviiVV`}i }iiV`iVii *
i],1i V
QR >>1]ii1i>>VLiVi>i>iL>i`
>Li>V}\-iiV
]xq
QR >i] ii "LiVi`i}viiV>>
V>VV>>`>i`>``i\` }-V{nx]
xq{
QR >Li>nxLi`i}iVi`i1i i v}
`i /ii VVi i}ii i}\ Li >` i>i
`}i  `V i i v V}V> iviiVi
i-}i] ii`iLi} i9
QR >ii*V>Vii>~iiii
->V}iLii}i}\*V>VV> >i`i>iv
i>iiV>>ii->i]>Vi
QR >>6]- ``>>>LiiViviV
iiV\*V iiV] i]i>]n{qnx
Q{R iV , V} /iiv>i ii}
V>>iVi
>Vi
4Li>}}i}iV>vi

iiViV}ii}\ iiivii`v`}}
V>>VV>V>>ViVv>`viii>
i],1i V

,iviiVi

QxR iLV ] iii 7 { i *}i] *V}i `


*>}i i}\ i>} *}] V} >` >}
}ivi]}i]`i`
QR ii i`/iiiVi`>iv7v}>}ii}]
i9
QR i>/ nn->V` >-ii}> i}\ -iiV
`V>ii}>\ >i] >]7>iV
7
i`->V``ii i`V}Vi/ii
`i iVVi ->Vii}} i}\ -iiV `V `i
i >` V}V ii v > iiV `V
VVi>}]iL}]q{
QnR ii 1 ->Vi>Li} - `i Li}i }>i
-}>i>Li}i}\-iiVVi}-Vvi`}>iiV
Vi}ii>V},1i V]i>]q{
QR >  n ii ` 6iii `}i ii
V}Vi -i> i}\ i} >` Vii`}
`>i> v > V}V> i>V ->] >v >]
{x
QR i ] 7>
] iVi ] i  x V> i}
i`\ V>> `vvii> > Vi` ii i \ 
V-V] xnq
QR >`i*>-"*-iiV>ii>V>}i6i
{ -*,/*iV xn
QR >`i*L-iVvV>vii`i>i]
-*,/*iV xn]-
QR -" n{ , {] i>> >`>` +> >>}ii >`
> >>Vi q 6V>L>ii>]-i>`]
Q{R /1q/

"q*iv>Vi>>vi
>
>
`i

 >` i i v i `i i > >}i v


i V`i /iiV1]ii>]-i>`
QxR /1q/

"q
q {+i>V>i`-`
*iv>Vi >` > v ii v i xqn -` *i`
+i q i`> + +- iv>Vi iii >`
>iii`i/iiV1]ii>]-i>`]q

QR /1q/,iV/i `i]>V>>`ivi
>>}i/iiV1]ii>]-i>`
QR /1q/,iV*x-iVi] ii>ii iVi q
ViiVii>iii/iiV1]ii>]-i>`
QnR /1q/ ,iV *x { > >` ii> v   Vi
iVii>iii/iiV 1]ii>]-i>`

nn

,iviiVi

QR /1q/ ,iV *n ] /iii /> +> i` v


LiVi >` LiVi >ii v > i /iiV 1]
ii>]-i>`
QR /1q/,iV*n"LiVi> i>iiviiiL>`
q{  iiV V`iV i /iiV 1] ii>]
-i>`
QR /1q/,iV*n*iVi>i>>viiV>* -+]>
LiVii`vi`i` iiV >>iiv>L>`
iii i >` iiV V`iV i /iiV 1] ii>]
-i>`
QR /1q/- *-ii,iV`ivi`V}>
> v LiVi i>ii i /iiV 1] ii>]
-i>`
QR >L , `i>Vi] >i ` >}iii >}iii
i}\
` >}>}i] >>> >` >}>}i i> ->]
>v>
Q{R >L ,] 7>}  /i ` >i v >}>}i >ii *]
}]{
QxR iV1ni>-`>i] -*,/*iV xn]
qn
QR iV 1 > /i
i`ivV> /i > i] -*,/
*iV xn]qn
QR iV 1 L /i
i`ivV> /i \ *V 
v
-i>}*V]
-*] >vv]
>>`>]xq
QnR iV 1 -iiV > >ii >` i>> \ *V
iiV] i]i>]nq{
QR iV 1 {> -iiV i}L i}\ " i ii> v
i\ vi6Vi"-Vi]x]q
QR iV 1 {L ->ViB`Vi ,i>
i>}Li}ii-VBii}\-iiVi}Li>
>iiV>i>i`i>>i\V ` ]
i`i]xq
QR iV1Vi` >v}>iiv>Vivi
iiVi\6>->i*]->,7]"i*]VLi}
i`*}iiiVi-}i] ii`iLi} i9]
xqx
QR iV 1 ->V>BLii} i`}>i
>}i}\-iiV>`}i>V>Vi\V
`  ]"`iL}]q
QR iV1x}} i>}`\iViVi v
`V``i} \ >i  i`
V> >VV
-}i] ii`iLi} i9

,iviiVi

Q{R iV 1] i>  ,iVi}ii iii}


/i>i>i ->V}iLii} i}\
iL>i`
}ii>viV>L>iviiV>`}i\V`
  V]xqn
QxR iV1] ``i6ivV>vi `i\iv>
` i /iiV 1] -`  q
] ii>]
-i>`
QR iV 1] * 
7 {  vi>ivi v >V>iVvV
iiVi>ii>`i>>\*V
v-i
>}*V]
-*]Li]>>]q
QR 
7]   /]ii 9  { ii> v >Li ii
`vi>iivi>iiiVi\*V
v
-i>} *V]
-*]9>>]>>]xxqxn
QnR i ]> nx*Vi>>ii\V>v
>>``>V>i\ -*/ ] {{q{n
QR }iL}i7]6> ii, >>i> \>`i>
`i}iLi]i>>L>>i`i>VVi>Li> `i >>ii]
LL>>i` > i iii i}\ >> v \ i
iiV>] i}L >` >VVi>L v i iiV i]
>L vii>Vi-V} ->>iV}i]1iV
Q{R > ]-ii ]  iiiv>iviiV
i}Li}iiViVi``i`V>L
\V-V]] qx
Q{R >> ] >> - ,i> Liii >Li] ` >`
iiVii}LiviViiV\*V
v-i
>}*V]
-*] >vv]
>>`>]xqn
Q{R > {n i>V}i i}\ i> V} -V>Li]
-}>] q
Q{R ii]iL>Vi]iV,]iV7{6iv>i
Lii +>BLii} iiViV}i i}\
i` v LiVi > `}i v >`vii i> \
V` ] i`i]xqn
Q{{R i/iiv>i v>}`i>VVivB}i
`i>}iiB`i}Li}iVB`}ii}\/ii`
v } iiV iVi >L >` }i V>}i v
i>}>i`iii]
>LiV1ii
Q{xR i] ii <iLi,ii`iVi->Vi
i}\  >Li i i v i> \ ii i`
`ii6iv>i`i->V>`iii}\`iVi`iv
iiV>`ii`>]i`iLi}]nq
Q{R vv>x*Vivi>V}`i]`

,iviiVi

Q{R i   n >>Vi >` >>L iiV }\ 


i>Vii}ii>\*ii-]> i`>>Vi
>`>>LiiVVii L>]`>i]nqn
Q{nR i/n-iv}>}>`>V>ii-}i] i
i`iLi} i9]q
Q{R ii ii`] `ii} ` 6iLii} `i
6iB`Vi ->Vi i}\ i>} i`] `i} >`
ii v iiV i}L >L i] i}}
1i}i
QxR ii ] 7ii>  iii >` i>> v >
i> iiVi i v LiVi >` LiVi iiV i}L
>ii\V-V]]{q{
QxR >6> i  /i i v vV ` >> >`
iVViiV\>VV>iV\-iiV
]{q
{x]{{
QxR > * n /i ` ` i}\ /i >` Vi \
->] Vii`6ii>i}\6>
VV>,ii] i]qn
QxR i -] *V>
] 7>i  i >iL> v `iVi
->ViL>` vvii}\`>>L>ivii>>}>}i
L>`ivviV\V` ]"`iL}]xq
x
Qx{R >v6]*ii/x+>i>>vviiiVii
vi>\>V>>VV>]]xq
QxxR >ii
n->>>Vii>v>`iiii}\
"i}>`iv>v i\`i*i]xnq
n
QxR Li  n i >i}i - ` `i >i}Vi
-> i}\ /i V>i} Vi >` i V>i}V>
V>\ V<v*i]qx]{
QxR >> ii` v`iVL}>`>i}`iViiV
VV>`i`L}V`\ i>i]]
q
QxnR ii ]   ] -i}i  x `>}i >VVi
> iV 7i >`i ->Vi
i i}\
`>i> v iiV VV> > 7` V} -iiV

i]Vi
QxR ii]   ->Vi q -iVi q -iVB}i i}\
>}>}i q i>} q >V}iiV>i]-}>]
QR i>` / n }Vi 7iLV i}\ }V
`V>+iiEii]i`iLi}] n]{

,iviiVi

QR i ] />>  7` >` >Li VV>i> i


iiVi\*V iiV] `>i]}>]xqn
QR iLi>*-iivviVvi>V>`}>>V>Vi
i`V>`iViviiV\>}>}i>`-iiV]]
qn
QR ii],>>1/i>vL>`/i>>ii}\/i`i}
>`i>> i]7ii
Q{R }>]iii ]* n-i}i>i}LviV
iiV`Vi` Li\V-V]n]xqxn
QxR V  -] V  n  `V i } v
7iiii>V}\i>/i]{q{]{xq
QR Vi, ]>
nni>ii]V>}>` VV
\  ,
] ii , ] `i ] Vi , i` -ii
>`Lv ii>*V}]\ *iVi>`>
7iE-] i 9] q{
QR Vi*]ii*
]* n
>>V`i>` i
iviV>`>>iiV\>>V]x]q
QnR V` *`V\V` *i`-i-iV]
1*] >i]q]
QR V->Vi`>`iiVViLi
i}\ >}>}i >` VV> i iVV> } Vi
>}]>v]
QR >i x i} ii *}>i i} `i

 /ii}iLi i}\ i} v > Vi i >>i

 ii i],1i V
QR > ] } ]}}in``>`vviiViiVii`
ii>ii`Lii`\*iViE*VV]{
] nqnn
QR >> 7]
i   /i viVi v
v>>`ViiiViVi\*V
v-i
>}*V]
-*]Li]>>]{q{
QR >7]in-i>>`iViE >V]

Q{R ii>*  *Bi}i `i 7>i} i}\
*ii} viVi`iiE
] i]q
QxR i`vx1iV}iiii1iVi`L>i`i
*`iiVi`ii-iVii}ii}\>iviiVi>
`Viv`v`vviiiiVii\V`
]->>LVi]q
QR ``iii`  ] ii  ] * , vvVi iiV
i}L i i v > ii >`}> \
`}]q

,iviiVi

QR i - > iii v Vi> v > Vi> i


i/iiV 1]-`  q
x
QnR i-L/i `i\>>viVi>`V>
Li`>`iiii/iiV1]-`
q

QR i - ii >` i`V v iii iiV >


* i],1i V
QnR i - ii >` i`V v iiV >
iiVV>iV>`iV*L]
QnR i-x+>v>i`iiVv>>`>Vi\
>ii`
V>>VV-}i] ii`iLi} i
9
QnR i - x +> v iiiL>i` i `>}i i
-}i] ii`iLi} i9
QnR i-],>>i*>}/iiv->V>B\ 6i}
iVi`Vi `i>Bi i}\ *>} v iii
iiV>\`Vv`vvii`i>>Vi\V`
 ]"`iL}]nq
Qn{R i   i} ` >i>B 7> > i `> ii
`iiiiV>v>vVi}\ i} >`>i>
 `i> i `> Vi \ ,i  i`
}>i -Vi i `i iiVi i`i i}\ }>
iiVviiVVi`>->]>v>]q
]
QnxR /]->]`>]i>i}>viiV
iV} >` >}>}i Vi} i i >}>}i >>
i-/, -\ *V
v -i>}*V]
-*]Li]
>>]qn
QnR i>Vii->Vi>Li}\ i>Vi>`i
->Vii} ` ->VLii} i}\ >V iiV
Vi}\i>V>>ViiViV}>`>>\
v> -i]6]] {q
QnR jV "] ">   iVV v >> iii
i>} >Vi \ *V iiV] ii>] -i>`] {xq
{x
QnnR ]- - ]->{ iii vi>} i
/ivi>iiviiViVii`i>`i
\V-V]x]nxq
QnR 7 > iVi -ii 6 >i}Vi
<>LiV ii 7iLii i}\ >V v iV
ii` }V>>i` i>`iii
ii]-}>]n

,iviiVi
QR
QR
QR

QR

Q{R

QxR

QR

QR

QnR

QR
QR

QR

QR

7 >`LV `i -i i}\ >`L v iV


ii]-}>]
L>
/iivi>}>` >iiiViVi
\*V
v -i>}*V]
-*]Li]>>] {q{
i*]>iL{/ii}LviV>LV`
] >VV> > iiVi -> ,i -iiV
,ii>V]n] qL>>L>i
">> ] }>  - n /i iVi v `}> V`i` iiV L
>i>`>ii>iv }\,i-iiV*iVi
*}i]]q
*>V
6n i>v>>>ii>`Vi`iv
iiiVi}Li`V\V-Vn] ]
{q{
*>V
] , ] ii , n  V>>i >> v i
>}`ii>>`>V>iVivi>i}
>viiiVi\*V -
7-iiV
"ii>`-iiV >>L>i] `i]/i ii>`]
q
*>V
], ] ii , 1ivi>}`ii>
iVi v >i} i iv>Vi v iiiV i
i\V-Vn]qn
*>V
] -
] ,}ii  *] V>  *
>`>
Liii>>}`ii>iVi>`>>V>iVi
v>i}>viiiVii\`Vi
] xqn
*iVi ] ,  i i `>}V > >i >i
`>>>>V>` >}V,i/i`i7 6ii}\
/i`>}Vii} > >`>vi`>}V
iiv7 6iiV>}>}i\,ii`Vi]
{xq
*vi *ii`ivi}>>``i-ii}\*i
`ivV>iL>vVi\ > xx]{]nq
*vi ] ii , >} i i} v i`iVi viV
i>iivV>\*V iiV]ii>]-i>`]q
{
*vi ]/>Li
{/iiiVi\>`V>`>
V>i`\ ii i`{`>i>viiV i>`
iiViV} >VVVi]>ivi>>`viV>i}i
7i-]
Vii]nq]x
*>}i  { i }ii i i >ii Vi iv> i}\
`}i >`i>}iV`,i`}iE i}>]`]

,iviiVi

QR *>}i  > VV ji Vi iv> i}\ /i V`


VVvi>i]-}>]{
Q{R *>}i/iViv}iiVii} >V ] i 9
QxR *i  , `i }> i>}iiiV }ii> >
>VV> >V> \ 6> ->i  * ] -> , 7] "i  *]
VLi}  i` *}i iiV i -}i] i
i`iLi} i 9]xxqxn
QR * ] >Li iV> i > >` >`
`>i\ /iV>iv>V i>iV\*V
v
-i>}*V]
-*]Li]>>]{q{x
QR * ]>] i`>n
iiv>>>`
iViiV\ vviVvi`V>LiivV>viiVi
Vi` v i}L \
i] -iiV >` >}>}i] ]
q
QnR * ],ii,{/i>`LviiViVi >Vi]
"v`
QR *,]i}ii>Lvi}iiiV
iVii`viiVi\`}]n]{qx
QR *V>
v`i }i>i} `i-i>v`i
*Bi>`iii1}iL}ii}\/iviVivi
iViviViiiVi>`>ii
\V` ]"`iL}] {qx
QR *Vi nn*V}V>>`i>iV>v>,>i*]
i9
QR +>ViL/*] >i/*]
iinn"LiVii>i
viiV>*iVi>] iii
QR ,>>i  { *i`V} iiV > `i >` >Vi \
``>>i>`>``ii>i\
iV1]i-i`-iV>i>`>vi]>V>
>VV>i` VV>]qn
Q{R ,>>i  x ii v >>iV `i} v iiV >
Vii*i* i],1i V
QxR ,ii7+>B q 7V}iii `i` ->i}i
iiLiiii}\+> q > Vi v
i,E >i}v>V>>v>Vi\-i}i ]>i,
i`+>B>i}iv`i}i> `>>>}ii`i<v
i}\ +> >i}i ,iii i >>}ii v vi
>i6]Vi]{qn]{
QR ,V>` /iiVV>LiiV iE
`]
`

,iviiVi

QR ,ii`
]> ]-ii,n-LiV>>v>Vi
`ivV>viViiV *V1v i}i]]
xq
QnR ,Vi`6ViViL>i`}V>vi>i>>`
i>> vi} \ *V 
v -i >} *V] 
-*]
*>`i>]1-]{{xq{{n
QR , ] ii ,] *>V
/i ivviV v i> iviiVi
i >` V`> >V} i LiVi >} v iiV
ii\*V iiV]i>]>]q
QR , nxii>}viiV>V>\*V

v>>V
}-i]q
QR ->}>>9]
>Li ]}V ]->}>}>9i`
}
`
>> `i v Vi} >i iiV
-}i] ii`iLi} i9
QR ->>}i ] >i  i>i >`i ii 1}iL}i
i}\ i>Vi >` > ii \ V ` 
]"`iL}] xqx
QR ->i  `i
`i }i }jj>i i}\
i
}ii>}V`ii] i]]
Q{R -V`i,LivviViiV\-iiV
]
q
QxR -Vi ]
> ] >v  *] "i>  {  >`
>`>``iiiiV\iV1]i-i`-iV>i
>`>vi]>V>>VV>i` VV>]
n{qx
QR -VLixn->Vvi`i`>}ii}\ii
i`viiiVi>}V>>V`>i> /ii]-}>
QR -Vi> { iBVi Liii >L V}
i`Bi V}i`i ` i vV}}Vi
>ii}\`}}` >L>ii iii
vi`V>ii>Vi`>`iV}V>>>6 
6i>}] i`v
QnR -V>L
] L>
]* nx vviVv>}i
iViviViiV\>>V]xq{n
QR -ii / n `i}i`i V}B}ii ` i
i}>i] iii}i`i i> i}\ >V `iii>
>V >` i i}>} i}ii>} i>V \ -ii 
i` i*V}i`i>`i `6\*>}i``i}i]
i}\ /i V} v i Vi 6 6\ *>}i >` i
ViiVi`i]<V]nq{x]

,iviiVi

QR -i>] >-]i>- >>}iiiv>Vi\


i}i> i}Li}\*V
v-i >}*V]

-*]Li]>>] nqn{
QR -
] V   vviiVi Liii ``> ii
i Vii v iiV >` iVi v ` >i \
-iiV]i>}>`>}>}i\7 }i]1
] ]`]
i> >] {qx
QR -ii`i`i*V}ii}\i>}i`
V} i]7ii
QR - i`nn`>vi>/i*>6]6i>
Q{R ->}* >>*`ii}\ >>v`
->i]>Vi
QxR ->}*]*ii/n*1,, q >i`v`i>>
>`i}>\
i-iiV>`>}>}i]] {]
{q{x
QR -ViV  n ,ii v 6iB`Vii}i
`iVi ->Vi > i iLiii 6iv>i i} `i
->VLi>}}}i i}\  i i v i}L
i>iivi>>>i`i`vi`ii>v
iiV>>\ iii`i}ii]qn{
QR -ViVn->ViB`ViLi>``i-}ii}\
-iiVi}L`i>``ii\VV>x]{x]xq

QnR -i}i ]  ] >VV ] 7>>Vi 


iii
>ii v i iii i}L v ii` >` >>
iiV\-iiV
]q
QR ->n6>i}i}\6>>\->
] Vi  i` 6ii > i}\ 6>
VV>,ii] i]qx]xqx
Q{R -iiii   ] }> / n  V> i` v i>}
iiV>>\V-V]nq
Q{R -ii--]>>i x,>V>i>`V>i}V>iv>`i
iVi>V>\ v i*V]]q{
Q{R -ii--nn>`Lviii>V}7iE-]
i9
Q{R -Li ] *ii /] 7>}i *] i 7 -i L `
VV>i>\*V iiV] `>i]}>]q
Q{{R -}i /] ii { > -i \ ii i` {
`>i>viiVi>`iiViV} >VVVi]
>ivi>>`viV>i}i7iE-]
Vii]q
n]

,iviiVi

Q{xR />>]i ] >`>Vi` > `iv


i\*V iiV] `>i]}>]nqn{
Q{R />> 1] >}vv / { i iiBV}} `i `ii
>VVi> q i>}v>Lii
i}\ /i >i v `iV iiV VV> q > >}
v>V}Vii\V` ] i`i]
{xq{
Q{R /V ] }`  i V} `i `iVi 6i `i
-* /i -iiV *iVi i i}\ /i -* i\
`iii v i i> i \ ii i` `ii
6iv>i `i ->V>`ii i}\ `i Vi`i v iiV
>`ii`>]i`iLi}]q
Q{nR 6> ii , nn >>viiv V q
i}L >` i> > v > >` v> V> Vi
-* --*i x]1iV\-V} ->>iV}i
Q{R 6> ii ,] 6> ii 6  ii v iiV
i\LL ]i,]7,i`>`Lv>`>`
>`iVivi>}>}ii ii] i]{nq
x
QxR 6> ] Vi  n }> >VV Vi v
i>V> i`V>Li iiVi > i] -*,/ *iV
xn] {q
QxR 6>*]ii1]i7n }>i->V}>i>Li}i}\
}>iiV}>Vi}/iLi]-}>]xnqx
QxR 6i 7 n >>}Vii`iiV}i`>}Vi
i\-iiV/iV]nqx
QxR 6ix Bi iii}iLii i
ii }i]*V}i]}]*i
` 7iV>vii i}\ > ii} L
iiVViiVivL}]V}]}V]
>` ivViVii]-}>]]]x]n
Qx{R 7iBVi i` { "vvii -ii  i}\ "i i 
i]-}>]
QxxR 7>}ii ] >` /] ii > V} ` >>
ii ->i v `i `iVi ->Vi \ i} `i "`iL}i
->ii}\ iii>`i>>v>iiViivi>
\ i}vi"`iL}iiVii\<iVv`]n]{qx
QxR 7>}ii ] >` /] ii L V} ` >>
ii->iv`i`iVi->Vi\"i}`i"`iL}i
->ii}\ iii>`i>>v>iiViivi>
\>vi"`iL}iiVii\<iVv`]
n]{{qx

,iviiVi

QxR 7>}ii ] >` /] ii V V} ` >>


ii ->i v `i `iVi ->Vi \ >> `i "`iL}i
->ii}\ iii>`i>>v>iiViivi>
\ >>vi"`iL}iiVii\<iVv`]n]
nqx
QxnR 7>}i * -] ii -] -Li  >Vi
*iiii} ii >iL> v `i L>ii
->Viii}\>V>Li}viViv>`>>L>iv
`>>`iiiVi\V` ]"`iL}]
xqx
QxR 7>i76iLL]>>vv>Viv>Vi`>}\*V
iiV] i]i>]qn
QR 7>Li]> ]V > ]->] >>]/iLi
 iiViiV >> i } ViV >` LV
Vi}>i}i\*V i
vVV]-iiV]>`
-}>*V]
--*] q
QR 7>} -] -ii ] i   LiVi i>i v i`V}
LiVi > v iiV V`i \   -iiVi` i>

V>]x] nqn
QR 7>`V>ii>iivV}V>>}`i\
> - ] iVi`i   i` ,> V>} v V}V>
>}`i\viiv---ii L>]`>i]
q
QR 7>i
{ V>vV}/i,i`i*] ]
x
Q{R 7ii>{i}``ii}`i6iB`Vi
->Vii}\i>ii>``i}viiVi}L*
i]1i}i
QxR <L>` *  nn *V}i i}\ *V} -}i] i
i`iLi} i 9]n
QR <V   n Li >` i V>i\ +i v >` \
*iVi >`*VV]]xqx{
QR <V   " i i>Li` >` i> > v >`
VV\*i]/i`iVi >*Vvi
> ii}vii-Vv*VV7`>V
*>i]*>]*>`] q]
QnR <V  ] `>  n Li V>} >` i
>}`i\ >>`>\ *iVi >`*VV]n]nqn

iv
Vi`iVi
,iviviV> ii>>i` iViViii>>
Lii>vV>ii`
Vv>}i{
Vi`>>ii
/iiV> >i`Vi vV>}iiiviiVii`vi>
iv>Lii`]iii>iiiv>Lvv>i
``>>`}iiV>vvi>i/iivV>>i
Vii>>ii
Vv>}i{
`ii`V
/>vvi>iv``> iiV>>`ii>`i>`>`
V>iii
Vv>}i
vi>i
,iV}>Li>`>i>LiV>>ViVv>i

Vv>}i

i>>`
i>iv>LiVLii>i`VV>iV>Li`iVLi`i
Vivii>}Vi
Vv>}i
i>}
/iiiv>i>Viii>iiV>`ii}i
>iv>`i
Vv>}i
i>}Vi
i>}Vi>Li}]>i}i>Vi]>V>V
>}]>V>i>}Vi]>VL>vi>Li7>`i
ii`>>ii]Li>]>i>i>ii]V>V>
>VL>vii ii`} V`vi>}Vii`]
iivii>iiii`>>ii`]Lii`]i>i
}ii`]V>V>i`>V>i>i`i
Vv>}i{
iVii`V
/>vvi>iv>i-}>vi`iviiLii
iVii
Vv>}i
>
,iv`}iviiVii`Vv>iiiV
`ii` V
Vv>}ix
>`iVi
,iviviV>V>>ViViii>>Liiii`
>>
Vv>}i{

iv
>`> >ii
/iV>>i`VivV>}i>viiVii`vi>
iv>Lii`]iii>iiiv>Lvv>i
``> } iiV> v vi>i /i i v V>>i
Vii> >ii
Vv>}i{
V>}
/iiiv>i>Vi>>iVVii>i`iViv>
}}>>i>`i]ViViii>}LiV]>Vi
`}V>i>ii>}>i>VV`}ii
Vv>}i
iiV>
/iiv>i}>iiV}i`>`>i>Livi>i>`vi>i>
iv>iiV>i`ii>>]iv>Lvvi
iiV> v>iiV}i`>`>i>Livi>i>`vi>i>iv
``> iiV>>`V>`i>`>``i>`
Vv>}i
iiVi
iVi`ivi>}iiiV>iVi>vi>
iviVii`iiVi>v>}>>>i>iiii
vi>i
Vv>}i
VViv>`i}
ii>ii>i>>}Viv>i>i
vi`v>ivvii`iiVii>`>i>/i>
}>vi>iivi>ivii]iVii`Lii]>
i`iiLi`iV>iii}>`]iiiv``>iiV>
>`V>`i>`] > `i>LiiiiVi`ii>`
Lii
Vv>}i
i
>i>>i>LiV `iLi>Q{R

Vv>}i

-LiV`i

>Vi}>/i
>Lii` x]
>VVi>Vi n]
>VV`> x
>V>x{] x]{
>>V
`>VV{x
VV{x
>V> nx]
>V
>iVv>>Vi x
>ii{]
>iiVi>
>vV>6
`iL>i`
>> 6]
>> x
>i
>`}{]x]q
>`i
>>V
>Vii
VViiiV
iiiV
iVi/i n
L>VL x]
V>V> {
V>V>`i
V>i}V>i>

>i}ii/i

V>>}{
V>i {]x]{{
V>
Vi
V> nq
viiVi
`ivV> {
Vi
Vi`ivV>

 i n]nq
i`} q{
Vi>`{q
VV>>ivviV {
V} xqxx
VV>>{]
VV>i}{
V>i{x
ViiL ]]
i {q{
Vii q]{]x]qn]
n]]]
Li
VViiiVi
VVi>>
V>Vx
v>`i
Vi`
Vi ]{
}>iiii {
iiiV
ViV>in

-LiV`i

Vi>>> n{
`i`}> xxq
`i}
`ii`vi>i
`iiV}
i>i x
i>Lii` x
i`vvii>i`x
`>}
`>}Vii n
`>}iiVi
`vvii>i` x
`>Vii> x
`Vivi>i ]]xn]x
`
i> x
i>>
,/n
i>ivVV>x
iiivi {
`i
ii} n]x
i>>
ii
>VV
>` xx]]{
>`iiV xn
`>Vn
iVi{
`q{
iiViVi ]nx
iiV>
iiV> x{
iiiViviV} {
iii]
vi`i
v>i {
viiVvVViVi
}ii
i>>Li
>LiVi
vV`

>>`L x
i>-iiVi i/i
}>Lx]
}i-i}L/i
}>iViiVi
>>`*V>V-iiVi
>-iiVi
i>}>`iV}{
i>} i-iiVi/i
i>VV>Vi>> x]xn
i
``>`vviiVi
viVi
vViviiVi
vV}
vVi
viviiVi
vV>}q
vi>iV>>ViV
vViq{
v>LiVi ]{qn
vi>i> ]{q
v`V> x
v>V>i ]{x
 
i>
i}Li>i x
i}>iVi {
i>ii {]n]
i>}i`x
i>}Vi`i
i}L
i>iviiVii
>`i
}-i x
>L>i
>}>}ii {q{
ii`i
i}ivv]n]
i}ivvV>in
i}iii {n
}V>`i{

-LiV`i
`i
`iiviiViV>i n
*
i{
>}`ii> n]
>>`ii
>iii>V
i>>` q]]{
viiV
V>
i>ii
>`
`i}v
i> ]x
i
Vi`i {
>v n
V>i x
>`>`>v
i>}
>>> x]]
ixqn
LiV
}>xqn
V>i nqn
>i
i>}LiViiV nq
i`
v>`i>ii x
vVV
viiV>>ii xq
i} n]]n]]]{n
`i>i {{
`ii
}
i>}
}>L>i`V>>i
`i
}V>{
`vi`ii n
,/ n

>i
}i}>V>{
}i {
>>VV>{]x
>>iiVx]n]{]{q{]{n]
nx]
>>i
ivi>n
>>iVix
Vi n
Li/i
LiVii>}Vi
LiV xn
Li>{]
"`iL}-iiV/i
i>inx]
>i`V>
>>iVi {
>>iVin
iVixqx
Vi` {
>` {
iiVinq

iiiiVi
iV> x
>}>i
vLiVii> x
*V>`/i
Vi`i
vi>iii`{
Vi
V>V>}{
i> {
i}>i{qx
i>}{qx
>V>i>}{
`V> ]]x
iV`i q]
V>
*-"i {

-LiV`i

V>VV q{] n
V>V>n
i`xqn
iiVi>i` n]n{]{n
Vi {]x
VV ]x
>]n
ViV
iii ]n]n] ]{
vi>i ]]]n]n]
>}
iii
iii>
>i`V x
>} {qx]{
i>Vii>ii
i>`}q{
iviV ]n]{]x]xx]xn]{
ii`i{]]{
-"i>+>/i
--i}i>/i
V>i

,V>i} n{
vVv i>>` n]n
>`>`n
V>} {qx
-i>1i`V-i/i ]
i>V`vvii>n
iV]{x]n
-
i>/i
>vixq
- ,
i
i>iiV}
i>}>i
-iiV i-iiVi/i
iiVi}L
>`>`i q
iiVi}L`i x
iiV>i>
-iiV*iVi i/i
iiViViVii

iiV>
v>>iV n
iiV>>ii
}ii>LiVi
iiV>i>ii
v>VvviVi qx
iiVi
iiViV
->`>`-i}i>/i
V>VVi n
V>V>>V
Vi
V>i}V>
>Vn
-1 " `i
-1- ]q{
-i`i}L-iiVi
i
i`>{
i>
ii q{
iiiiiV nx
ii>i
in
ii>
iiiVi
>}
>>i`iiiVi
>V>i
i>i
/->Li,i/i
>`vii
V>L>
V>>Vi
Vi
i>>i
7>`i`x
`}ii>

`i

`> n{
i
n
 - x
}ii {x
Vvv6
Li * x
>V> x{
>v`
BV
>i6
>i/* x]
>7
>-
iii` x
i>
iV
ii,7
i
]
i}i x]
>i ]n]]x]]q]
V-{x
``i{]
}>>/]{
} x]
}x]n]n{]
} x]]]
>
>i`
 x
>`/
ii-
7 {

in
>` n

>Li {

>Li7 {x

i
{

`i 

>,

ii x]

i

i-

>
>`VV i7
i`>
i}

 ]{]n]]{
 {x*>
 {x
 xxx*> ]]
 xxx*> ]{]
 xxx]*> {
 -"
}7
`i]
/
`>` {n
ivi
x
i n]
iii7 x]n

nx
`i7
i>{x

`i

ii,
>L>, x
>{{]{
iVi/ x
iL>]
ii
ii*

>>}>
i x{
V]
-]{
>Li*
>iL
>>i n
>Li
iv>`x
i x
iVi`i n
LL ]
iV7
L}x
`i]n
`> 
>v*
>in
iii n
ii>-
i}, x{
Vi ] ]
- ]n]{
v`* n{
>
, x
>}i>
>LV ]
>>1 x
>>Vi6
>i
>>`
>ii x]
>>
>>6]{]]]
iVin

i`ivi`i n
iV,
iLV x
ii x
i>/ n
i7
ii1 ]x
V 
}V {
i

>{
iL>Vi
i n
}>/x
>`i* q{]]]q

V-
`>
}`
/1/-]*-ii,iV
/1/
"
/1/
"

/1/,iV
/1/,iV*x
/1/,iV*x]nx
/1/,iV*x
/1/,iV*nn
/1/,iV*n
>
>L, {{]{x]{
iV1]x]]x]x]]n]
]]{]]n

7
i 
}iL}i7 nx]x
>L>
>
>>
>>-
> x
ii
ii

`i
/
>
>
i
vv> x
i x
i7x
i/xx
ii ]]
>6> i {
>* n
i-
>
i*
>v6 {x]
>ii

Li n
>

i n
i>
>}vv/ {n]{
>
>> x
ii9
ii {
ii{n
i>-
i>`/{]{
i {]n]
iLi>*
ii n]
`
}}i n
}>n
}>-
V>*
Vi*
Vi,
V-x
V  x
V` * {
V
Vn]

V7 {]{n
 {
>VV n
>i
>
> n]
>7x{
V >
V>*, n
ii>* x{]xx
i`v ]{
i-n{
``iii`
i
i>
i
i- {]]]
i,
/

i {
jV*

7{
L>
]x
i*
"i-
">
"i- x
"i>
">>
*>*
*>V

*>V
6 x
*iVin
*vi {]{x
*>}i x]x
*i,`i
* x]]x]n
*,
*VV*
*iii/
*
7

`i

*V>

*ii/{x]
*Vi n
+>ViL/* x]
,>>i{]
,>>1n]
,ii7n
,ii,x
,V>` 
,i,,
,ii`

,Vi`
, ]n
,
,}ii*
->}>}>9{
->}>>9{
->>}i n
->
->i`i
-V>vvi
-V`i,
-Vi
-VLi
-Vi> n
-V>L
]x
-ii/ {
-ii x
-ii>

- ]{
->
-i> ]{
-

-n{
- x
--
->}*
-

-ViV]]n]{
-ii,
-i}i n
-i}i{
->

->viLi/x]]]
-iiii x
-ii`x
-ii
-ii--n
-Li
-}i/
-> 6x
->
/>V/ ]
/>>{]n]
/iLi
/"
/>Li
{x
/>>1 {n]{
/V
6>}}i
6> ii, nx]]x]x]
6>  ]
6>ii6 x]
6i7 n
6i x]xn]nx]{n
7>}ii
7>}i*-
7>i7
7>Li
7>>Vin
7>}-x
7>`n
7>i

7>--
7>}{{
7iBVi {
7iiix
7ii>x]
7i>7n
7>
n
7,
7>i
7
9i}>>>>>
<L>`*x
<V ]

You might also like