ȹ
ɉɈɅɖɒȺ
ǹdzȀ
ǯǼǹȊȆǶȃ
ǶǵǺdzǻdzǻǶǷ
ɩɪɨɢɡɜɨɞɫɬɜɟɧɧɵɟɩɪɟɞɩɪɢɹɬɢɹ
ɢɬɨɪɝɨɜɵɟɨɪɝɚɧɢɡɚɰɢɢ
ɉɪɟɞɥɚɝɚɟɦ
Ɉɫɢ
ɫɢɫɬɟɦɵɩɨɞɜɟɫɨɤ
ɞɢɫɤɨɜɵɟɤɨɥɟɫɚ
ɫɬɚɥɶɧɵɟɛɨɪɬɚ
ɝɢɞɪɨɰɢɥɢɧɞɪɵ
ɩɧɟɜɦɨɛɚɤɢ
ɩɧɟɜɦɨɢɝɢɞɪɨɊȼȾ
ɫɬɚɥɶɧɵɟɤɨɧɫɬɪɭɤɰɢɢɩɨɞɡɚɤɚɡ 3521$5±ɤɚɱɟɫɬɜɨɢɧɚɞɺɠɧɨɫɬɶ
ɡ ɡ ɡ ɨ ɨ ɨ
ɨɫ ɫɬɬɶ ɶ ɶ
ʶ
˙˚˛ːˏː˖ː˘˘˙ˎ˙˞˛˙ˍ˘˪˛ˋ˒ˍ˓˝˓˪˚˓ˤːˍ˙˔˚˛˙˗˦ˣ˖ː˘˘˙˜˝˓˜˞ˤː˜˝ˍː˘˘˙˞˕˛ː˚˖˪ː˝˘ː˒ˋˍ˓˜˓˗˙˜˝˧ˎ˙˜˞ˏˋ˛˜˝ˍˋǤ
ʙ˜ˍ˪˒˓˜˜˙ˌ˦˝˓˪˗˓ǡ˚˛˙˓˜ˠ˙ˏ˪ˤ˓˗˓ˍ˘ˋ˜˝˙˪ˤːːˍ˛ː˗˪ˍ˘ˋˣː˔ˢˋ˜˝˓ʜˍ˛˙˚˦ǡ
˘ː˙ˌˠ˙ˏ˓˗˙˜˝˧˜ˋ˗˙˙ˌː˜˚ːˢː˘˓˪˚˛˙ˏ˞˕˝ˋ˗˓˚˓˝ˋ˘˓˪ˏ˖˪ʧ˙˜˜˓˓˜˝ˋ˘˙ˍ˓˝˜˪˙ˢːˍ˓ˏ˘˦˗
˟ˋ˕˝˙˗Ǥ
ʥˢːˍ˓ˏ˘˙ǡˢ˝˙˙ˌː˜˚ːˢː˘˓ːˌː˒˙˚ˋ˜˘˙˜˝˓ˍ˜˟ː˛ː˚˛˙ˏ˞˕˝˙ˍ˚˓˝ˋ˘˓˪
˘ːˍ˙˒˗˙ˑ˘˙ˌː˒˓˜˚˛ˋˍ˘˙˟˞˘˕ˡ˓˙˘˓˛˞˩ˤːˎ˙˜ː˖˧˜˕˙ˠ˙˒˪˔˜˝ˍː˘˘˙ˎ˙˜ː˕˝˙˛ˋǤ
ʧ˙˜˜˓˪ˑː˓˗ːː˝ˍ˜ː˚˛ːˏ˚˙˜˖˦˕˓ˏ˖˪˝˙ˎ˙ǡˢ˝˙˜˙˒ˏˋ˝˧˚˛ːˍ˙˜ˠ˙ˏ˘˙ː˜ː˖˧˜˕˙ː
ˠ˙˒˪˔˜˝ˍ˙Ǥʜ˔˘ːˏ˙˜˝ˋː˝˝˙˖˧˕˙˛ˋ˒ˍ˓˝˦ˠ˙˝˛ˋ˜˖ː˔˚˛˙˗˦ˣ˖ː˘˘˙˜˝˓ǡ
˕˙˝˙˛˦ː˚˙ˏˏː˛ˑˋ˖˓ˌ˦˜ː˖˧˜˕˙ːˠ˙˒˪˔˜˝ˍ˙Ǥʟ˗ː˘˘˙˚˙˨˝˙˗˞ˍʧ˙˜˜˓˓˙ˢː˘˧
˚˛˓ˎ˙ˏ˓˖˜˪ˌ˦˙˚˦˝˕˙˗˚ˋ˘˓˓ǡ˕˙˝˙˛ˋ˪˛ˋ˜˚˙˖ˋˎˋː˝˜˙ˍ˛ː˗ː˘˘˦˗˓
˝ːˠ˘˙˖˙ˎ˓˪˗˓˓˙˚˦˝˙˗ˍ˜˟ː˛ː˙˛ˎˋ˘˓˒ˋˡ˓˓˝˛˞ˏˋ˓˞˚˛ˋˍ˖ː˘˓˪Ǥ
ʡ˙˗˚ˋ˘˓˪˙ˠ˙˝˘˙˘ˋˢ˘ː˝˜˙˝˛˞ˏ˘˓ˢː˜˝ˍ˙˜˛˙˜˜˓˔˜˕˓˗˓˕˙˗˚ˋ˘˓˪˗˓ǡ
ˋ˝ˋ˕ˑː˜ˎ˙˜˞ˏˋ˛˜˝ˍː˘˘˦˗˓˜˖˞ˑˌˋ˗˓˜ˡː˖˧˩˛ˋ˒˛ˋˌ˙˝˕˓˚˛˙ˎ˛ˋ˗˗˦
˜˘ˋˌˑː˘˓˪˜ː˖˧˜˕˙ˠ˙˒˪˔˜˝ˍː˘˘˙ˎ˙˜ː˕˝˙˛ˋ˝˛ˋ˕˝˙˛ˋ˗˓˓˗ˋˣ˓˘ˋ˗˓ǡ
ˋˏˋ˚˝˓˛˙ˍˋ˘˘˦˗˓˕˓ˠ˚˙˝˛ːˌ˘˙˜˝˪˗Ǥʣ˦˚˛ːˏ˖ˋˎˋː˗˜ˍ˙˓˘ˋˏːˑ˘˦ː
˝ːˠ˘˙˖˙ˎ˓˓˓ˍ˦˜˙˕˙ː˕ˋˢː˜˝ˍ˙ǡ˕˙˝˙˛˦ː˚˙ˏ˙˜˝˙˓˘˜˝ˍ˞˙ˡː˘ː˘˦ˍ˙˗˘˙ˎ˓ˠ
˜˝˛ˋ˘ˋˠ˗˓˛ˋǤ
ʨ˙˝˛˞ˏ˘˓ˢˋ˝˧˗˙ˑ˘˙ˌ˦˖˙ˌ˦ˍ˝˙˗ˢ˓˜˖ː˓ˍ˜˟ː˛ː˚˛˙˓˒ˍ˙ˏ˜˝ˍˋ
˗ˋˣ˓˘ˏ˖˪˕˙˗˗˞˘ˋ˖˧˘˦ˠˠ˙˒˪˔˜˝ˍǡ˝ˋ˕˕ˋ˕˓˒ˏː˜˧˕ˋˢː˜˝ˍ˙˘ˋˣː˔
˚˛˙ˏ˞˕ˡ˓˓ˠ˙˛˙ˣ˙˓˒ˍː˜˝˘˙˒ˋ˛˞ˌːˑ˙˗Ǥ
ʬ˙˝ː˖˙˜˧ˌ˦˚˙ˑː˖ˋ˝˧˘ˋ˗ˍ˜ː˗ǡˢ˝˙ˌ˦˗˦˗˙ˎ˖˓
˜˕˙˘ˡː˘˝˛˓˛˙ˍˋ˝˧˜˪˘ˋ˞ˌ˙˛˕ː˞˛˙ˑˋ˪ǡˋˑ˓˝ː˖˓˘ˋˣ˓ˠ˜˝˛ˋ˘˙˝˖˓ˢˋ˖˓˜˧
ˏ˙ˌ˛˙ˌ˦˝˙˗˓ˠ˙˛˙ˣ˓˗˘ˋ˜˝˛˙ː˘˓ː˗Ǥ
Ǥʤ˓ˑː˚˛˓˖ˋˎˋː˝˜˪˗˙˪˜˝ˋ˝˧˪ǡ˛ˋ˒˗ːˤː˘˘ˋ˪ˍ͞͡ȋͣ͢Ȍːˑː˕ˍˋ˛˝ˋ˖˧˘˓˕ˋ˒ˋ
ͣ͢͠͡ˎ˙ˏǤ
Ƿʧ˙˜˜˓˪˝ˋ˕ˑː˓˗ːː˝ˍ˜ː˚˛ːˏ˚˙˜˦˖˕˓˕˝˙˗˞ǡˢ˝˙ˌ˦˜˙˒ˏˋ˝˧˜˙ˌ˜˝ˍː˘˘˙ː
ˍ˦˜˙˕˙˨˟˟ː˕˝˓ˍ˘˙ː˜ː˖˧˜˕˙ːˠ˙˒˪˔˜˝ˍ˙Ǥʥˏ˘ˋ˕˙ˍ˜˝˛ˋ˘ː˙˝˜˞˝˜˝ˍ˞ː˝˨˟˟ː˕˝˓ˍ˘ˋ˪
˚˛˙˗˦ˣ˖ː˘˘˙˜˝˧ǡ˕˙˝˙˛ˋ˪˗˙ˎ˖ˋˌ˦˚˙ˏˏː˛ˑˋ˝˧ːˎ˙˛ˋ˒ˍ˓˝˓ːǡˍːˏ˧ˌ˙˖˧ˣ˓ːˠ˙˒˪˔˜˝ˍˋ
ʧ˙˜˜˓˓˘˞ˑˏˋ˩˝˜˪ˍ˕˛˞˚˘˙ˎˋˌˋ˛˓˝˘˦ˠ˚˛˓ˡː˚ˋˠ˓˝˛ˋ˕˝˙˛ˋˠ˜˙˙˝ˍː˝˜˝ˍ˞˩ˤː˔
˗˙ˤ˘˙˜˝˓Ǥʶ˜ˢ˓˝ˋ˩ǡˢ˝˙ˍ˨˝˙˗˛˙˜˜˓˔˜˕˓˗˚˛ːˏ˚˛˓˪˝˓˪˗˗˙ˎˌ˦˙ˢː˘˧˜˓˖˧˘˙˚˙˗˙ˢ˧
˙˚˦˝˕˙˗˚ˋ˘˓˓ǡ˕˙˝˙˛ˋ˪˙ˌ˖ˋˏˋː˝˜˙ˍ˛ː˗ː˘˘˦˗˓˝ːˠ˘˙˖˙ˎ˓˪˗˓˓˘˙˞Ǧˠˋ˞˕ˋ˕ˍ
˙ˌ˖ˋ˜˝˓˚˛˙˓˒ˍ˙ˏ˜˝ˍˋǡ˝ˋ˕˓ˍ˜˟ː˛ː˜ˌ˦˝ˋ˝˛ˋ˕˝˙˛˙ˍ˓˜ː˖˧˜˕˙ˠ˙˒˪˔˜˝ˍː˘˘˦ˠ˗ˋˣ˓˘Ǥ
ʙ˜ːˢˋˤː˘ˋˣˋ˚˛˙ˏ˞˕ˡ˓˪˚˙˜˝˞˚ˋː˝˓˘ˋˍ˙˜˝˙ˢ˘˦ː˛˦˘˕˓ǡˍ˝˙˗ˢ˓˜˖ː˘ˋ˛˙˜˜˓˔˜˕˓˔Ǥ
ʥˏ˘ˋ˕˙˜˚˛˙˜˜˙˜˝˙˛˙˘˦˛˙˜˜˓˔˜˕˙ˎ˙˜ː˖˧˜˕˙ˎ˙ˠ˙˒˪˔˜˝ˍˋǡˍ˝˙˗ˢ˓˜˖ːˍ˜˟ː˛ː˚˛˙˓˒ˍ˙ˏ˜˝ˍˋ
˚˛˓ˡː˚˙ˍ˓˗ˋˣ˓˘ˏ˖˪˜ˌ˙˛ˋ˒ː˖ː˘˦ˠ˕˙˛˗˙ˍǡ˙˜˝ˋː˝˜˪˘ː˞ˏ˙ˍ˖ː˝ˍ˙˛ː˘˘˦˗Ǥ
ʦ˙˨˝˙˗˞˕˙˗˚ˋ˘˓˪˙ˠ˙˝˘˙˓ˏː˝˘ˋ˚˛˙˓˒ˍ˙ˏ˜˝ˍː˘˘˙ː˜˙˝˛˞ˏ˘˓ˢː˜˝ˍ˙
˜˛˙˜˜˓˔˜˕˓˗˓˟˓˛˗ˋ˗˓Ǥʪˢ˓˝˦ˍˋ˪˝˙˝˟ˋ˕˝ǡˢ˝˙˜˦˛˧ːǡ˨˖ː˕˝˛˙˨˘ː˛ˎ˓˪˓
˕˙˗˚˙˘ː˘˝˦ǡ˘ː˙ˌˠ˙ˏ˓˗˦ːˏ˖˪˚˛˙˓˒ˍ˙ˏ˜˝ˍˋǡˍʧ˙˜˜˓˓ˏːˣːˍ˖ːǡˢː˗ˍ˗˘˙ˎ˓ˠˏ˛˞ˎ˓ˠ
˜˝˛ˋ˘ˋˠǡ˙˝˕˛˦ˍˋ˩˝˜˪ˣ˓˛˙ˢˋ˔ˣ˓ːˍ˙˒˗˙ˑ˘˙˜˝˓˨˕˜˚˙˛˝ˋ˕˙˘˕˞˛ː˘˝˙˜˚˙˜˙ˌ˘˙˔
˚˛˙ˏ˞˕ˡ˓˓˜˙ˍ˗ː˜˝˘˙ˎ˙˚˛˙˓˒ˍ˙ˏ˜˝ˍˋ˘ˋ˛˦˘˕˓˝˛ː˝˧˓ˠ˜˝˛ˋ˘Ǥ
ʙ˒ˋˍː˛ˣː˘˓ː˪ˠ˙˝ː˖ˌ˦˚˙ˑː˖ˋ˝˧ˍ˜ː˗˘ˋˣ˓˗˒ˋˎ˛ˋ˘˓ˢ˘˦˗ʮ˓˝ˋ˝ː˖˪˗
˞˜˚ːˣ˘˙˔˛ːˋ˖˓˒ˋˡ˓˓˚˖ˋ˘˙ˍǡˋ˛ˋˌ˙˝˘˓˕ˋ˗˜ː˖˧˜˕˙ˎ˙ˠ˙˒˪˔˜˝ˍˋˏ˙˚˙˖˘˓˝ː˖˧˘˙ˠ˙˛˙ˣːˎ˙
˞˛˙ˑˋ˪Ǥdz
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ǹȍȘȋȐțȠǴȈȘȚȣȕȦȒ
ǷȘȍȌșȍȌȈȚȍȓȤǹȖȊȍȚȈȊȓȈȌȍȓȤȞȍȊȜȐȘȔȣ3URQDU
KWARTALNIK
PRONAR
NR 2/2007DzȈȒȖȑȗȘȐȊȖȌȊȣȉȘȈȚȤ"
ǹȒȖȘȖșȚȤȊȣȠȍȏȈȚȘȈȚȣȕȐȎȍ ǵȍȚȖȓȤȒȖȌȓȧȜȍȘȔȍȘȖȊ
ȅȜȜȍȒȚȐȊȕȖșȚȤȐȗȘȖșȚȖȚȈȊȥȒșȓțȈȚȈȞȐȐ ǯȈȌȕȐȍȒȖȕșȖȓȐ3521$5::7Ȑ::7
ǵȖȊȣȍȐȕșȚȘțȔȍȕȚȣȌȓȧȘȈȉȖȚȣș8QLPRJ ǵȍȚȖȓȤȒȖȚȘȈȕșȗȖȘȚ
ǷȖȌȔȍȚȈȓȤȕȖțȉȖȘȖȟȕȈȧȔȈȠȐȕȈ=03
ǶșȊȍȡȍȕȕȈȧȘȈȉȖȟȈȧȏȖȕȈ
ǷȖȊȣȠȈȦȚȒȈȟȍșȚȊȖȒȖȘȔȈȐȥȒȖȕȖȔȧȚȊȘȍȔȧ ǩȍȏȈȊȈȘȐȑȕȖșȚȤȐȖȋȘȖȔȕȣȑȊȣȉȖȘ
ǰȔȕȍșȚȘȈȠȕȈȕȍȘȖȊȕȈȧȐȒȘțȚȈȧȔȍșȚȕȖșȚȤ ǼțȕȒȞȐȖȕȈȓȤȕȖșȚȤȗȖȕȍȊȣșȖȒȖȑȞȍȕȍ
ǸȈȏȕȖȖȉȘȈȏȐȍȊșȖȖȚȊȍȚșȚȊȐȐșȗȖȚȘȍȉȕȖșȚȧȔȐ DzȈȟȍșȚȊȍȕȕȈȧȐȉȍȏȖȗȈșȕȈȧȗȍȘȍȊȖȏȒȈ
ǪȣȐȋȘȣȠȊȖȊȘȍȔȍȕȐȐȌȍȕȤȋȈȝ DzȘȦȒȖȊȖȑȗȘȐȞȍȗ3521$57
ǪǹȒȈȕȌȐȕȈȊȐȐȚȈȒȖȍȓȦȉȧȚ ǹȖȊȘȍȔȍȕȕȣȍȐȗȘȈȒȚȐȟȕȣȍ ǩȣșȚȘȣȑȐȉȍȏȖȗȈșȕȣȑ
ǴȕȖȎȍșȚȊȖșȜȍȘȗȘȐȔȍȕȍȕȐȧ ǷȘȖșȚȖȚȈȓȍȋȒȖșȚȤȗȘȖȟȕȖșȚȤ ǪșȍȋȌȈȝȖȘȖȠȐȑȒȖȘȔ
ǹȚȖȐȚȗȘȖȊȍșȚȐȚȍȝȖșȔȖȚȘȗȖȒȈȕȍȊȣȗȈȓșȕȍȋ ǫȈȘȈȕȚȐȧȌȖȓȋȖȑșȓțȎȉȣ
DzȖȔȗȈȕȐȧ3URQDUȖȚȊȍȚȐȓȈȕȈȕțȎȌȣȘȣȕȒȈ ǰǯǬǭdzǰȇ
Redaktor naczelny
Zbigniew Sulewski
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DzȖȔȗȈȕȐȧ3URQDUȖȚȊȍȚȐȓȈȕȈȕțȎȌȣȘȣȕȒȈ
Redaktor naczelny
Zbigniew Sulewski
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ǯȉȐȋȕȍȊǹțȓȍȊșȒȐȑ
ǫȘȈȜȐȟȍșȒȈȧȖȉȘȈȉȖȚȒȈȐșȖșȚȈȊȓȍȕȐȍ
ȇȘȖșȓȈȊǸțȚȈ
redakcja@pronar.pl
ǺǭǽǵǶdzǶǫǰǰ
ǹǷǭǾǰǨdzǰǹǺȃ
ǹǶǪǭǺǻȆǺ
ȔȍșȧȟȕȈȧȋȈȘȈȕȚȐȧ
ǼȐȘȔȈ 3URQDU ȐȌȍȚ ȕȈȊșȚȘȍȟț ȖȎȐȌȈȕȐȧȔ ȒȓȐȍȕȚȖȊ Ȑ șȖȖȉȡȈȍȚ ȟȚȖ ș
ȋ ȊȊȖȌȐȚșȧ ȗȘȖȌȓȍȕȕȣȑ Ȕȍșȧȟȕȣȑ ȋȈȘȈȕȚȐȑȕȣȑ șȘȖȒ ȕȈ ȗȘȐȞȍȗȣ
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ǴȕȖȋȖȓȍȚȕȐȣȑ ȖȗȣȚ Ȋ ȗȘȖȐȏȊȖȌșȚȊȍ ȊȣșȖȒȖȚȍȝȕȖȓȖȋȐȟȕȣȝ ȐȏȌȍȓȐȑ ȉȖȋȈȚȈȧ
ȒȖȕșȚȘțȒȞȐȖȕȕȖȚȍȝȕȖȓȖȋȐȟȍșȒȈȧȉȈȏȈșȗȍȞȐȈȓȐȏȐȘȖȊȈȕȕȖȍȐșȗȣȚȈȚȍȓȤȕȖȍȖȉȖȘțȌȖȊȈȕȐȍȐȘȧȌ
ȐșȗȣȚȈȕȐȑȕȈȗȘȖȟȕȖșȚȤȗȘȖȊȍȌȍȕȕȣȝȒȈȒȊȕȍȌȈȊȕȖȖȚȒȘȣȊȠȍȔșȧǵȈțȟȕȖȐșșȓȍȌȖȊȈȚȍȓȤșȒȖȔ
ȞȍȕȚȘȍ Ȋ ǵȈȘȍȊȐ ȚȈȒ Ȑ Ȋ ȘȍȈȓȤȕȣȝ țșȓȖȊȐȧȝ ȘȈȉȖȚȣ șȍȓȤȝȖȏȚȍȝȕȐȒȐ ȗȖȌȚȊȍȘȌȐȓȐ ȊȣșȖȒȖȍ
ȒȈȟȍșȚȊȖȗȘȖȟȕȖșȚȤȐȕȈȌȍȎȕȖșȚȤȕȈȠȐȝȗȘȐȞȍȗȖȊǷȘȖȌȓȍȕȐȍȋȈȘȈȕȚȐȑȕȖȋȖșȘȖȒȈȌȖȔȍșȧȞȍȊ
ȊȣȏȊȈȕȖȚȈȒȎȍȚȍȔȟȚȖȕȈȠȈȒȖȔȗȈȕȐȧȧȊȓȧȍȚșȧȖȌȕȐȔȐȏȕȍȔȕȖȋȐȝȗȘȖȐȏȊȖȌȐȚȍȓȍȑȊȔȐȘȍ
ȒȖȚȖȘȣȍșȈȔȖșȚȖȧȚȍȓȤȕȖȗȘȖȐȏȊȖȌȧȚșȊȣȠȍțȏȓȖȊșȊȖȐȝȗȘȐȞȍȗȖȊȊȚȖȔȟȐșȓȍȖșȕȖȊȕȣȍ
ȒȖȕșȚȘțȒȞȐȐ ȥȓȍȔȍȕȚȣ ȗȕȍȊȔȈȚȐȒȐ Ȑ ȋȐȌȘȈȊȓȐȒȐ șȚȈȓȤȕȣȍ ȗȘȖȜȐȓȐ ȌȐșȒȐ ȗȓȈșȚȐȒȖȊȣȍ
ȥȓȍȔȍȕȚȣȈȚȈȒȎȍȖșȐ
ǪșȊȧȏȐșȥȚȐȔȔȣȒȈȒȓȐȌȐȘțȦȡȐȑȗȘȖȐȏȊȖȌȐȚȍȓȤȔȖȎȍȔȋȈȘȈȕȚȐȘȖȊȈȚȤȉȍȏȈȊȈȘȐȑȕȖșȚȤ
ȊȣșȖȒțȦ ȗȘȖȐȏȊȖȌȐȚȍȓȤȕȖșȚȤ Ȑ ȗȘȖȟȕȖșȚȤ ȕȈȠȐȝ ȗȘȐȞȍȗȖȊ Ȋ ȚȍȟȍȕȐȍ ȚȈȒȖȋȖ ȌȖȓȋȖȋȖ șȘȖȒȈ
ǹ ȋ ȕȈ ȒȈȎȌȖȔ ȊȣȗțȡȍȕȕȖȔ ȗȘȐȞȍȗȍ ȉțȌȍȚ ȥȚȐȒȍȚȒȈ șȖȖȉȡȈȦȡȈȧ Ȗ ȗȘȖȌȓȍȕȕȖȔ
ȋȈȘȈȕȚȐȑȕȖȔșȘȖȒȍȌȖȔȍșȧȞȍȊǷȘȖȌțȒȞȐȦșȚȈȒȖȑȔȈȘȒȐȘȖȊȒȖȑȔȖȎȕȖȉțȌȍȚȗȘȐȖȉȘȍșȚȐȊȖ
ȊșȍȑșȍȚȐȗȘȖȌȈȎ
ǷȘȖȟȐȍ ȗȘȈȊȐȓȈ ȋȈȘȈȕȚȐȐ ȗȘȍȌșȚȈȊȓȍȕȣ Ȋ ȋȈȘȈȕȚȐȑȕȖȔ ȚȈȓȖȕȍ ǹ ȌȖȗȖȓȕȐȚȍȓȤȕȣȔȐ
ȊȖȗȘȖșȈȔȐȖȚȕȖșȐȚȍȓȤȕȖȕȖȊȖȋȖȋȈȘȈȕȚȐȑȕȖȋȖșȘȖȒȈȗȖȎȈȓțȑșȚȈȖȉȘȈȡȈȑȚȍșȤȕȍȗȖșȘȍȌșȚȊȍȕȕȖ
ȊȖȚȌȍȓșȉȣȚȈǺȍȓȐȓȐȊșȍȘȊȐșȕȣȑȖȚȌȍȓǺȍȓ
ǵȈȌȍȍȔșȧ ȟȚȖ ȕȖȊȣȍ ȋȈȘȈȕȚȐȑȕȣȍ țșȓȖȊȐȧ țȉȍȌȧȚ ȗȘȐȖȉȘȍȚȈȚȤ ȔȈȠȐȕȣ ȌȈȎȍ șȈȔȣȝ
ȚȘȍȉȖȊȈȚȍȓȤȕȣȝ ȒȓȐȍȕȚȖȊ Ȑ ȕȈ ȗȘȖȚȧȎȍȕȐȐ ȔȕȖȋȐȝ ȓȍȚ Ǫȣ ȉțȌȍȚȍ țȌȖȊȓȍȚȊȖȘȍȕȣ ȘȈȉȖȚȖȑ
ȕȈȠȍȑȗȘȖȌțȒȞȐȐ
ǷȍȘȍȟȍȕȤȗȘȐȞȍȗȖȊȕȈȒȖȚȖȘȣȍȘȈșȗȘȖșȚȘȈȕȧȍȚșȧȋȈȘȈȕȚȐȧȗȘȍȌșȚȈȊȓȍȕȕȈșȈȑȚȍwww.pronar.pl
ǷȘȈȊȓȍȕȐȍȒȖȔȗȈȕȐȐ3URQDU
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ǷȖȓȤșȒȈȧȜȐȘȔȈȋȓȖȉȈȓȤȕȖȋȖȔȈșȠȚȈȉȈ
DzȈȒ ȕȍȉȖȓȤȠȈȧ ȜȐȘȔȈ ȓȖȒȈȓȤȕȖȋȖ ȏȕȈȟȍȕȐȧ ȔȖȎȍȚ șȚȈȚȤ ȖȌȕȐȔ Ȑȏ ȒȘțȗȕȍȑȠȐȝ
ȗȘȖȐȏȊȖȌȐȚȍȓȍȑȊǷȖȓȤȠȍ"ǶȟȍȕȤȗȘȖșȚȖǩȓȈȋȖȌȈȧțȊȓȍȟȍȕȕȖșȚȐȌȍȓȖȔțȔȍȕȐȦșȔȖȚȘȍȚȤȊ
ȉțȌțȡȍȍȐȚȧȎȍȓȖȔțȚȘțȌțȍȍȖșȕȖȊȈȚȍȓȍȑ
DzȖȔȗȈȕȐȧ3URQDUȧȊȓȧȍȚșȧȊȍȌțȡȐȔȗȘȖȐȏȊȖȌȐȚȍȓȍȔșȍȓȤȝȖȏȚȍȝȕȐȒȐȐȖȉȖȘțȌȖȊȈȕȐȧ
ȋȐȌȘȈȊȓȐȟȍșȒȐȝ Ȑ ȗȕȍȊȔȈȚȐȟȍșȒȐȝ ȥȓȍȔȍȕȚȖȊ Ȉ ȚȈȒȎȍ ȖȌȕȐȔ Ȑȏ ȒȘțȗȕȍȑȠȐȝ Ȋ ȔȐȘȍ
ȗȘȖȐȏȊȖȌȐȚȍȓȍȑ ȒȖȓȍș Ȍȓȧ șȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȣȝ ȔȈȠȐȕ ǷȘȍȒȘȈșȕȖȍ ȏȕȈȕȐȍ ȘȣȕȒȈ
ȉȍȏțȗȘȍȟȕȣȍ ȖȚȕȖȠȍȕȐȧ ș ȒȓȐȍȕȚȈȔȐ Ȋ șȖȟȍȚȈȕȐȐ ș ȖȗȣȚȖȔ ȗȖȏȊȖȓȧȦȚ ȒȖȔȗȈȕȐȐ 3URQDU ș
ȊȣșȖȒȖȑȚȖȟȕȖșȚȤȦȖȗȘȍȌȍȓȐȚȤșȗȘȖșȕȈșȊȖȐȗȘȖȌțȒȚȣ
DzȖȔȗȈȕȐȧ3URQDUȗȖȓțȟȐȓȈȔȕȖȎȍșȚȊȖȗȘȍșȚȐȎȕȣȝȕȈȋȘȈȌȕȈȗȘȐȔȍȘ7HUD]3ROVND3HUá\3RO- VNLHM*RVSRGDUNL6XSHU¿UP\
DzȖȔȗȈȕȐȧ3URQDUȉȣȓȈȖșȕȖȊȈȕȈȊȋȖȌțǿȍȘȍȏȌȍȊȧȚȤȓȍȚȜȐȘȔȈȖȚȒȘȣȓȈȖȚȌȍȓ
ȌȐșȒȖȊȣȝȒȖȓȍșȈȊȋȖȌț±ȖȚȌȍȓȗȕȍȊȔȈȚȐȒȐȐȋȐȌȘȈȊȓȐȒȐǪȋȖȌțȜȐȘȔȈ3URQDU
ȗȘȐșȖȍȌȐȕȐȓȈșȤȒȓȐȌȍȘȈȔȍȘȖȗȍȑșȒȖȋȖȘȣȕȒȈȊȕȍȌȘȐȊșȚȈȕȌȈȘȚ,62ǪȋȖȌț
ȉȣȓȊȕȍȌȘȍȕ6$3ǹȋȖȌȈȒȖȔȗȈȕȐȧ3URQDUȒȈȎȌȣȍȚȘȐȋȖȌȈȏȈȗțșȒȈȍȚȕȖȊȣȑȏȈȊȖȌ
DzȖȔȗȈȕȐȧ 3URQDU ȘȈșȗȖȓȈȋȈȍȚ șȖȊȘȍȔȍȕȕȣȔȐ ȖȉȢȍȒȚȈȔȐ ȊȖ ȔȕȖȋȐȝ ȋȖȘȖȌȈȝ ǷȖȌȓȧșȒȖȋȖ
ȊȖȍȊȖȌșȚȊȈ ǷȘȖȌțȒȚȣ Ȑȏ ǵȈȘȍȊȐ ǵȈȘȍȊȒȐ ǹȚȘȈȉȓȐ Ȑ ǹȍȔȧȚȣȟ ȖȚȓȐȟȈȦȚșȧ ȊȣșȖȒȐȔ
ȒȈȟȍșȚȊȖȔ șȖȓȐȌȕȖșȚȤȦ ȗȘȖȟȕȖșȚȤȦ Ȑ șȖȖȚȊȍȚșȚȊțȦȚ ȘȣȕȖȟȕȣȔ șȚȈȕȌȈȘȚȈȔ ǵȖȊȍȑȠȈȧ
ȗȘȖȐȏȊȖȌșȚȊȍȕȕȈȧȚȍȝȕȐȒȈȗȖȏȊȖȓȧȍȚțȌȍȘȎȐȊȈȚȤȒȖȕȒțȘȍȕȚȖșȗȖșȖȉȕȣȍȞȍȕȣ
DzȖȔȗȈȕȐȧ 3URQDU ȧȊȓȧȍȚșȧ ȗȘȍȒȘȈșȕȣȔ ȗȘȐȔȍȘȖȔ ȚȖȋȖ ȒȈȒ ȗȖșȓȍȌȖȊȈȚȍȓȤȕȖșȚȤ
ȌȍȑșȚȊȐȑșȒȈȏȣȊȈȍȚșȧȕȈȗȘȖȐȏȊȖȌșȚȊȍȕȕȣȝȔȈșȠȚȈȉȈȝ±ȊȍȌȤȊșȍȕȈȟȈȓȖșȤșȔȈȓȣȝȖȉȢȍȔȖȊ
ȗȘȖȐȏȊȖȌșȚȊȈȊǷȖȌȓȧșșȒȖȔȊȖȍȊȖȌșȚȊȍȈȘȍȏțȓȤȚȈȚȖȔșȚȈȓȈȜȐȘȔȈȋȓȖȉȈȓȤȕȖȋȖȔȈșȠȚȈȉȈ
ǪȋȖȌțȊȒȖȔȗȈȕȐȐȘȈȉȖȚȈȓȖșȖȚȘțȌȕȐȒȖȊDzȒȖȕȞțȋȥȚȖȟȐșȓȖȊȣȘȖșȓȖȊȗȧȚȤ
ȘȈȏ±ȗȖȟȚȐȌȖ
dzǭǺǩǶdzȄȀǰǽǰǯǴǭǵǭǵǰDZ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
Ǭȓȧ ȗȘȈȊȓȍȕȐȧ ȜȐȘȔȣ ȐȕȕȖȊȈȞȐȐ Ȑ ȗȘȖȐȏȊȖȌȐȚȍȓȤȕȖșȚȤ
ȧȊȓȧȦȚșȧ ȊȈȎȕȍȑȠȐȔȐ ȊȖȗȘȖșȈȔȐ ȟȚȖ ȗȘȖȧȊȓȧȍȚșȧ Ȋ ȗȖșȚȖȧȕȕȖȔ
ȘȖșȚȍ ȐȕȊȍșȚȐȞȐȑ Ǫ ȋȖȌț Ȋ ȌȈȓȤȍȑȠȍȍ ȘȈȏȊȐȚȐȍ ȜȐȘȔȣ ȉȣȓȖ
ȐȕȊȍșȚȐȘȖȊȈȕȖȗȖȟȚȐȔȓȕȍȊȘȖǪȥȚȖȔȎȍȋȖȌțȥȚȈșțȔȔȈȊȣȘȖșȓȈ
ȗȖȟȚȐ ȌȖ Ȕȓȕ ȍȊȘȖ ǵȈ ȗȘȖȚȧȎȍȕȐȐ ȗȖșȓȍȌȕȐȝ ȓȍȚ ȗȘȖȌȈȎȐ
ȜȐȘȔȣȊȣȘȖșȓȐȗȖȟȚȐȊȟȍȚȣȘȒȍȘȈȏȈ±ȌȖȔȓȕȍȊȘȖȊȋȖȌț
ǶȎȐȌȈȍȚșȧȟȚȖȗȘȖȞȍȕȚȥȒșȗȖȘȚȈȊȖȉȡȍȔȖȉȍȔȍȗȘȖȌȈȎȉțȌȍȚȘȈșȚȐ ȐȌȖșȚȐȋȕȍȚȊȥȚȖȔțȋȖȌț
DzȖȔȗȈȕȐȧ3URQDUȗȘȍȌȓȈȋȈȍȚșȊȣȠȍȘȈȏȓȐȟȕȣȝȗȘȖȌțȒȚȖȊȊ
ȚȖȔȟȐșȓȍȔȖȌȍȓȍȑȚȘȈȒȚȖȘȖȊȐȊȍȘșȐȑșȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȣȝȐ
ȈȊȚȖȔȖȉȐȓȤȕȣȝȗȘȐȞȍȗȖȊDzȖȔȗȈȕȐȧȗȘȖȐȏȊȖȌȐȚȚȈȒȎȍȒȖȔȔțȕȈȓȤȕțȦ
ȓȍșȖȗȘȖȔȣȠȓȍȕȕțȦȔȐȓȐȖȘȈȞȐȖȕȕțȦȚȍȝȕȐȒțȈȚȈȒȎȍȚȍȝȕȐȒțȌȓȧ
șȚȘȖȐȚȍȓȤȕȣȝȐȌȖȘȖȎȕȣȝȘȈȉȖȚ
ǻȎȍȕȍșȒȖȓȤȒȖȓȍȚȒȖȔȗȈȕȐȧ3URQDUȏȈȕȐȔȈȍȚșȧȚȈȒȎȍȚȖȘȋȖȊȖȑ
ȌȍȧȚȍȓȤȕȖșȚȤȦ Ȋ șȜȍȘȍ ȗȘȖȌȈȎȐ ȋȈȏȈ ± ȖȗȚȖȔ Ȉ ȚȈȒȎȍ ȟȍȘȍȏ șȍȚȤ
ȋȈȏȖȏȈȗȘȈȊȖȟȕȣȝ șȚȈȕȞȐȑ ǺȈȒȎȍ ȒȖȔȗȈȕȐȧ ȖșțȡȍșȚȊȓȧȍȚ ȖȗȚȖȊțȦ
ȗȘȖȌȈȎț ȔȍȚȈȓȓțȘȋȐȟȍșȒȐȝ ȐȏȌȍȓȐȑ Ȍȓȧ ȗȖȓȤșȒȐȝ Ȑ ȏȈȘțȉȍȎȕȣȝ
ȗȖȒțȗȈȚȍȓȍȑ
DzȖȔȗȈȕȐȧ 3URQDU ȧȊȓȧȍȚșȧ ȒȘțȗȕȍȑȠȐȔ ȘȈȉȖȚȖȌȈȚȍȓȍȔ Ȋ
ǷȖȌȓȧșșȒȖȔȊȖȍȊȖȌșȚȊȍǷȘȖȐȏȊȍȌȍȕȕȣȍȒȖȔȗȈȕȐȍȑȗȘȖȌțȒȚȣȗȘȐȕȖșȧȚ
ȗȖȓȤȏț ȓȦȌȧȔ ȊȖ ȊșȍȔ ȔȐȘȍ ȒȈȎȌȣȑ ȋȖȌ ȘȈȉȖȚȈȧ Ȋ ȚȧȎȍȓȍȑȠȐȝ
țșȓȖȊȐȧȝ
ǬȖșȚȖȐȕșȚȊȈȒȖȔȗȈȕȐȐ3URQDU
ȌȖȉȘȖșȖȊȍșȚȕȖșȚȤ
ȗȘȖȟȕȖșȚȤȗȘȖȌțȒȞȐȐ
ȊȣșȖȟȈȑȠȍȍȒȈȟȍșȚȊȖ
ȋȐȉȒȖșȚȤ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
6
ǴȍȎȌțȕȈȘȖȌȕȈȧȊȣșȚȈȊȒȈȧȘȔȈȘȒȈ
ȒȖȔȔțȕȈȓȤȕȖȑȚȍȝȕȐȒȐ,)$7ȊǴȦȕȝȍȕȍ
ȇȘȔȈȘȒȈ,)$7±ȒȘțȗȕȍȑȠȈȧȐȊȈȎȕȍȑȠȈȧȧȘȔȈȘȒȈȊȖȉȓȈșȚȐȒȖȔȔțȕȈȓȤȕȖȑ
ȚȍȝȕȐȒȐ Ȋ ǭȊȘȖȗȍ ǶȕȈ șȚȈȓȈ ȊȈȎȕȍȑȠȐȔ ȔȍșȚȖȔ ȖȉȔȍȕȈ ȐȕȜȖȘȔȈȞȐȍȑ Ȑ
ȖȗȘȍȌȍȓȍȕȐȧȖȚȘȈșȓȍȊȣȝȚȘȍȕȌȖȊȇȘȔȈȘȒȐ,)$7ȗȘȖȝȖȌȧȚȊDzȐȚȈȍǰȕȌȐȐǺțȘȞȐȐȐ
ȆȎȕȖǨȜȘȐȒȈȕșȒȖȑǸȍșȗțȉȓȐȒȍǪȥȚȖȔȋȖȌțȕȈȧȘȔȈȘȒȍȊǴȖȕȈȒȖșȊȖȦȗȘȖȌțȒȞȐȦ
ȗȘȍȌșȚȈȊȐȓȈ ȜȐȘȔȈ Ȑȏ șȚȘȈȕ ǭȍ țȊȐȌȍȓȖ Țȣș ȗȖșȍȚȐȚȍȓȍȑ Ȑȏ
ȋȖșțȌȈȘșȚȊ
DzȖȔȗȈȕȐȧ 3URQDU
ȗȘȍȌșȚȈȊȓȧȓȈ șȊȖȦ ȗȘȖȌțȒȞȐȦ
ȕȈ ȉȖȓȍȍ ȟȍȔ Ȕ ȗȓȖȡȈȌȐ
ȗȖȒȈȏȈȊ ȖȟȍȕȤ ȠȐȘȖȒțȦ
ȋȈȔȔț ȗȘȖȌțȒȚȖȊ ǵȈ șȚȍȕȌȈȝ
ȗȖșȍȚȐȚȍȓȍ ȔȖȋȓȐ țȊȐȌȍȚȤ
șȘȍȌȐ ȗȘȖȟȍȋȖ șȕȍȋȖȖȚȊȈȓȣ
Ȑ ȗȍșȒȖȘȈȏȉȘȈșȣȊȈȚȍȓȐ
ȈȋȘȍȋȐȘȖȊȈȕȕȣȍșȚȘȈȒȚȖȘȈȔȐȐș
ȋȘțȏȖȊȐȒȈȔȐ ȌȐșȒȖȊȣȍ ȒȖșȐȓȒȐ
ȗȖȌȔȍȚȈȓȤȕȖ Ȑ șȕȍȋȖțȉȖȘȖȟȕȣȍ
ȔȈȠȐȕȣ ȔȕȖȋȖȜțȕȒȞȐȖȕȈȓȤȕțȦ
ȊȣȌȊȐȎȕțȦ ȒȖȕșȖȓȤ ș
ȖȉȖȘțȌȖȊȈȕȐȍȔ șȈȔȖȝȖȌȕȣȑ
ȗȘȐȞȍȗȐȔȖȉȐȓȤȕȣȑȉȈȘȈȉȈȕȕȣȑ
ȗȘȖșȍȐȊȈȚȍȓȤ
ǴȕȖȋȐȍ ȒȓȐȍȕȚȣ ȉȣȓȐ ȗȖȘȈȎȍȕȣ
ȟȐșȓȖȔȕȖȊȐȕȖȒȗȘȍȌșȚȈȊȓȍȕȕȣȝ
ȕȈ șȚȍȕȌȍ ǶȋȘȖȔȕȣȔ ȐȕȚȍȘȍșȖȔ
Ȋ ȊȍșȍȕȕȐȑ șȍȏȖȕ ȗȖȓȤȏȖȊȈȓȐșȤ
ȌȐșȒȖȊȣȍ ȒȖșȐȓȒȐ 3521$5
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Ȉ ȚȈȒȎȍ ȏȐȔȕȍȍ ȖȉȖȘțȌȖȊȈȕȐȍ
ȊȘȍȔȧ ȒȖȚȖȘȖȋȖ ȖȟȍȕȤ șȒȖȘȖ
ȕȈșȚȈȕȍȚȟȚȖȗȘȍȒȘȈșȕȖȐȏȊȍșȚȕȖ
ȖȗȣȚȕȣȔ ȚȖȘȋȖȊȣȔ ȜȐȘȔȈȔ
ȋȓȈȊȕȣȔȖȉȘȈȏȖȔȐȏșȚȘȈȕȋȌȍȒ
ȏȐȔȕȍȔțșȍȏȖȕțșȚȖȐȚȋȖȚȖȊȐȚȤșȧ
ȊșȍȘȍȌȐȕȍȋȖȌȈǺȈȒȎȍȉȖȓȤȠȐȔ
ȐȕȚȍȘȍșȖȔ ț ȗȖșȍȚȐȚȍȓȍȑ
ȗȖȓȤȏȖȊȈȓȐșȤ ȔȖȉȐȓȤȕȣȍ
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ȕȈ ȊȣșȚȈȊȒȍ ȒȖȔȗȈȕȐȧ 3URQDU
ȗȖȒȈȏȈȓȈ Ȋșȍȑ ȖȚȘȈșȓȐ ȟȚȖ ȖȕȈ
ȕȈȔȍȘȍȕȈ ȕȈȌȖȓȋȖ ȏȈȌȍȘȎȈȚȤșȧ
ȕȈȘȣȕȒȍȒȖȔȔțȕȈȓȤȕȖȑȚȍȝȕȐȒȐ
șȊȧȏȈȕȕȖȑ ȕȍ ȚȖȓȤȒȖ ș țȉȖȘȒȖȑ
ȋȖȘȖȌȖȊ Ȑ șȖȌȍȘȎȈȕȐȍȔ ȌȖȘȖȋ
ȕȖȚȈȒȎȍȐșȘȍȞȐȒȓȐȕȋȖȔǹȚȍȕȌ
ȒȖȔȗȈȕȐȐ3URQDUȗȖșȍȡȈȓȐȌȘțȋȐȍ
ȗȘȖȐȏȊȖȌȐȚȍȓȐ ȗȘȐȏȕȈȊȠȐȍ
ȌȖșȚȐȎȍȕȐȧȒȖȔȗȈȕȐȐ
ǷȖșȍȚȐȚȍȓȐ ȊȣșȚȈȊȒȐ
ȒȘȖȔȍ ȏȕȈȒȖȔșȚȊȈ ș
ȗȘȍȌȓȖȎȍȕȐȍȔ ȒȖȔȗȈȕȐȐ 3URQDU
ȔȖȋȓȐ ȚȈȒȎȍ ȊȖșȗȖȓȤȏȖȊȈȚȤșȧ
ȗ Ș Ȗ Ȝ ȍ ș ș Ȑ Ȗ ȕ Ȉ ȓ Ȥ ȕ ȣ Ȕ Ȑ
șȖȊȍȚȈȔȐ ǪȖ ȊȘȍȔȧ ȊȣșȚȈȊȒȐ
ȗȘȍȌșȚȈȊȐȚȍȓȐ ȒȖȔȗȈȕȐȐ 3URQDU
ȗȘȍȌȖșȚȈȊȓȧȓȐ ȊșȍȔ ȎȍȓȈȦȡȐȔ
ȐȕȜȖȘȔȈȞȐȦ ȕȈ ȈȕȋȓȐȑșȒȖȔ
ȕȍȔȍȞȒȖȔȜȘȈȕȞțȏșȒȖȔȘțșșȒȖȔ
ȐȚȈȓȤȧȕșȒȖȔ Ȑ ȟȍȠșȒȖȔ ȧȏȣȒȈȝ
ǻ șȚȍȕȌȈ ȕȈȝȖȌȐȓȐșȤ ȚȈȒȎȍ
ȗȘȍȌșȚȈȊȐȚȍȓȐ ȏȈȘțȉȍȎȕȣȝ
ȗȈȘȚȕȍȘȖȊ 3URQDU ȟȚȖ ȗȖȏȊȖȓȐȓȖ
ȍȡȍ ȉȖȓȤȠȍ ȗȖȊȣșȐȚȤ țȘȖȊȍȕȤ
ȖȉșȓțȎȐȊȈȕȐȧȗȖșȍȚȐȚȍȓȍȑ
Ǫ ȚȍȟȍȕȐȍ ȗȧȚȐ Ȍȕȍȑ ȧȘȔȈȘȒȐ
șȚȍȕȌ ȒȖȔȗȈȕȐȐ 3URQDU ȗȖșȍȚȐȓȐ
ȋȖșȚȐ Ȑȏ ǪȖșȚȖȟȕȖȑ ǯȈȗȈȌȕȖȑ
ǭȊȘȖȗȣ ǨȏȐȐ Ȑ ȖȉȍȐȝ ǨȔȍȘȐȒ Ǫ
ȝȖȌȍ ȊȣșȚȈȊȒȐ țȌȈȓȖșȤ ȗȘȐȊȓȍȟȤ
ȕȖȊȣȝȗȈȘȚȕȍȘȖȊȐȐȕȐȞȐȐȘȖȊȈȚȤ
ȉȐȏȕȍșȗȍȘȍȋȖȊȖȘȣ șȖ ȔȕȖȋȐȔȐ
ȗȖȚȍȕȞȐȈȓȤȕȣȔȐȗȈȘȚȕȍȘȈȔȐ
KO
ɉɪɟɞɫɬɚɜɢɜɦɨɛɢɥɶɧɵɟɛɚɪɚɛɚɧɧɵɟɩɪɨɫɟɢɜɚɬɟɥɢ3521$503%ɢ3521$503%
3URQDUɨɛɴɹɜɢɥɱɬɨɧɚɦɟɪɟɜɚɟɬɫɹɡɚɧɹɬɶɛɨɥɶɲɭɸɱɚɫɬɶɟɜɪɨɩɟɣɫɤɨɝɨɪɵɧɤɚɜɩɪɨɢɡɜɨɞɫɬɜɟ
ɤɨɦɦɭɧɚɥɶɧɵɯɦɚɲɢɧɩɪɟɞɧɚɡɧɚɱɟɧɧɵɯɧɟɬɨɥɶɤɨɞɥɹɨɱɢɫɬɤɢɝɨɪɨɞɨɜɧɨɢɞɥɹɭɬɢɥɢɡɚɰɢɢ
ɨɬɯɨɞɨɜ
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Dz ȟȐșȓț ȒȘțȗȕȍȑȠȐȝ șȍȓȤȝȖȏȊȣșȚȈȊȖȒ Ȋ ǷȘȐȉȈȓȚȐȒȍ ȖȚȕȖșȐȚșȧ ȧȘȔȈȘȒȈ .D
3DVVLHȒȖȚȖȘȈȧȗȘȖȝȖȌȐȓȈșȗȖȈȗȘȍȓȧȊDzȈțȕȈșȍdzȐȚȊȈǪȣșȚȈȊȒȈȗȘȖȠȓȈȕȈ
ȚȍȘȘȐȚȖȘȐȐǹȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȖȋȖțȕȐȊȍȘșȐȚȍȚȈȐȔȍȕȐǨȓȍȒșȈȕȌȘȈǹȚțȓȋȐȕșȒȐșȈǪ
ȕȍȑȗȘȐȕȧȓȐțȟȈșȚȐȍȉȖȓȍȍȜȐȘȔțȟȘȍȎȌȍȕȐȑȐȖȘȋȈȕȐȏȈȞȐȑȐȏȌȍșȧȚȒȖȊșȚȘȈȕ
Ȋ ȚȖȔ ȟȐșȓȍ Ȑȏ ǩȖȓȋȈȘȐȐ ǬȈȕȐȐ dzȈȚȊȐȐ ǷȖȓȤȠȐ ǸȖșșȐȐ ǹȖȍȌȐȕȍȕȕȣȝ ȀȚȈȚȖȊ Ȑ
ǵȈȊȣșȚȈȊȒȍȚȈȒȖȋȖȘȈȕȋȈ
ȕȍ ȔȖȋȓȖ ȕȍ ȖȒȈȏȈȚȤșȧ ȌȐȓȍȘȖȊ
ȒȖȔȗȈȕȐȐ 3URQDU Ǫ ȧȘȔȈȘȒȍ Ȋ
DzȈțȕȈșȍ ȗȘȐȕȧȓȐ țȟȈșȚȐȍ ȚȘȐ
ȌȐȓȍȘȈȜȐȘȔȣ3URQDU$XGURNHVWD
/\WDJUD Ȑ 8$% *DOXRWDV ǼȐȘȔȣ
DzȘțȗȕȍȑȠȐȍșȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȣȍȧȘȔȈȘȒȐȊǪȍȕȋȘȐȐ$JURPDVK([SRȐ$JUD- JHS6KRZȊȖȟȍȘȍȌȕȖȑȘȈȏȗȘȖȠȓȐșȧȕȊȈȘȧȗȖȜȍȊȘȈȓȧȋȖȌȈȊȊȣșȚȈȊȖȟȕȖȔ
ȞȍȕȚȘȍ+81*(;32ȊǩțȌȈȗȍȠȚȍǷȖșȍȚȐȚȍȓȐȔȖȋȓȐȖȏȕȈȒȖȔȐȚȤșȧșȠȐȘȖȒȐȔȌȐȈȗȈȏȖȕȖȔ
șȍȓȤȝȖȏȚȍȝȕȐȒȐȐșȊȧȏȈȕȕȣȝșȕȍȑțșȓțȋǪȣșȚȈȊȒȈȏȈȕȧȓȈȊșȍȌȖșȚțȗȕȣȍȊȣșȚȈȊȖȟȕȣȍ
ȗȓȖȡȈȌȐȚȍȒȊȈȌȘȈȚȕȣȝȔȍȚȘȖȊǰȏȕȐȝȒȊȈȌȘȈȚȕȣȝȔȍȚȘȖȊȏȈȕȐȔȈȓ
ȊȍȕȋȍȘșȒȐȑȗȘȍȌșȚȈȊȐȚȍȓȤȜȐȘȔȣ3URQDUȒȖȚȖȘȣȑȗȘȍȌșȚȈȊȐȓȕȈșȊȖȍȔșȚȍȕȌȍȘȧȌ
ȔȈȠȐȕ
ǪȣșȚȈȊȒȈȕȈǬțȕȈȍ
ǿȐșȓȖ ȗȖșȍȚȐȚȍȓȍȑ
ȏȕȈȟȐȚȍȓȤȕȖȗȘȍȊȏȖȠȓȖȖȎȐȌȈȕȐȧ
ȖȘȋȈȕȐȏȈȚȖȘȖȊ Ȑ ȗȘȍȊȣșȐȓȖ
ȗȘȖȠȓȖȋȖȌȕȐȑȗȖȒȈȏȈȚȍȓȤȚȣș
ȗȖȟȚȐ ȕȈ ȅȚȖ ȔȖȎȕȖ ȉȣȓȖ
ȗȖȟțȊșȚȊȖȊȈȚȤȗȍȘȍȌȊȐȋȈȧșȤȗȖ ȚȍșȕȣȔ ȊȣșȚȈȊȖȟȕȣȔ ȈȓȓȍȧȔ
$JURPDVK([SR ȗȘȍȌșȚȈȊȓȧȍȚ
ȕȖȊȐȕȒȐ Ȑ ȗȘȖȌțȒȚȣ Ȍȓȧ
Ȋșȍȑ șȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȖȑ
ȖȚȘȈșȓȐ Ȋ ǪȍȕȋȘȐȐ Ǫ ȥȚȖȔ ȋȖȌț
ȗȖșȍȚȐȚȍȓȧȔȉȣȓȐȗȘȍȌșȚȈȊȓȍȕȣ
ȚȍȝȕȐȟȍșȒȐȍ ȕȖȊȐȕȒȐ Ȑȏ ȖȉȓȈșȚȐ
șȍȓȤșȒȖȋȖ ȝȖȏȧȑșȚȊȈ Ȉ ȚȈȒȎȍ
șȍȓȤȝȖȏȗȍȘȍȘȈȉȖȚȒȐ ȊȒȓȦȟȈȧ
ȊȍȕȋȍȘșȒȐȍ ȚȘȈȌȐȞȐȐ Ȋ ȥȚȖȑ
ȖȉȓȈșȚȐ
ǬȊȍ ȊȣșȚȈȊȒȐ ȗȘȖȝȖȌȧȡȐȍ
ȖȌȕȖȊȘȍȔȍȕȕȖ șȖȏȌȈȓȐ
țȕȐȒȈȓȤȕȖȍ șȖȉȣȚȐȍ Ȋ ǪȍȕȋȘȐȐ
ȕȈ ȒȖȚȖȘȖȔ ȗȖșȍȚȐȚȍȓȐ șȔȖȋțȚ
ȖȏȕȈȒȖȔȐȚȤșȧ ș ȗȖȓȕȣȔ
ȗȘȍȌȓȖȎȍȕȐȍȔ $JURPDVKH[SR
ȘȈȏȌȍȓȍȕȈ ȕȈ ȚȍȔȈȚȐȟȍșȒȐȍ
șȍȒȞȐȐșȍȓȤȝȖȏȒțȓȤȚțȘȣȔȈȠȐȕȣ
ȐȓȖȋȐșȚȐȒȈǹȖȒȘȈȡȈȍȚșȧȟȐșȓȖ
ȥȒșȗȖȕȍȕȚȖȊ ȗȘȍȌșȚȈȊȓȧȦȡȐȝ
ȚȘȈȌȐȞȐȖȕȕȣȍ ȖȚȘȈșȓȐ
șȍȓȤșȒȖȋȖ ȝȖȏȧȑșȚȊȈ ȚȈȒȐȝ ȒȈȒ
ȎȐȊȖȚȕȖȊȖȌȟȍșȒȐȍ ȔȈȚȍȘȐȈȓȣ
ȗȍșȚȐȞȐȌȣ ȐșȒțșșȚȊȍȕȕȣȍ
țȌȖȉȘȍȕȐȧ Ȑ ȐȕșȍȒȚȐȞȐȌȣ
ȕȖ ȘȈșȚȍȚ ȟȐșȓȖ ȥȒșȗȖȕȍȕȚȖȊ
șȍȓȤȝȖȏȥȓȍȒȚȘȖȕȐȒȐȔȍȚȘȖȓȖȋȐȐ
ȈȚȈȒȎȍȈȊȚȖȔȈȚȐȒȐ
ǪǩțȌȈȗȍȠȚȍȉȣȓȐȗȘȍȌșȚȈȊȓȍȕȣ
șȓȍȌțȦȡȐȍ ȔȈȠȐȕȣ ȜȐȘȔȣ 3UR- QDU
ǷȘȐȞȍȗ7
ǨșșȍȕȐȏȈȞȐȖȕȕȈȧ ȔȈȠȐȕȈ
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7%
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=
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DzȖșȐȓȒȈ3')
DzȖșȐȓȒȈ3')
ǵȈȐȉȖȓȤȠȐȑ ȐȕȚȍȘȍș
ȊȣȏȊȈȓȈ ȒȈȒ Ȑ Ȋ ȗȘȖȠȓȖȔ ȋȖȌț
ȈșșȍȕȐȏȈȞȐȖȕȕȈȧ ȔȈȠȐȕȈ
ȒȖȚȖȘȈȧ Ȋ ȥȚȖȔ ȋȖȌț ȐȔȍȍȚ Ȋșȍ
ȠȈȕșȣșȚȈȚȤșȈȔȣȔȗȘȖȌȈȊȈȍȔȣȔ ȗȘȖȌțȒȚȖȔ ȒȖȔȗȈȕȐȐ 3URQDU Ȋ
ǪȍȕȋȘȐȐ ǴȕȖȋȐȍ ȗȖșȍȚȐȚȍȓȐ
ȉȣȓȐ ȏȈȐȕȚȍȘȍșȖȊȈȕȣ ȕȖȊȣȔ
șȈȔȖȏȈȋȘțȎȈȦȡȐȔșȧ ȗȘȐȞȍȗȖȔ
Ȍȓȧ ȗȍȘȍȊȖȏȒȐ ȘțȓȖȕȖȊ ȒȖȚȖȘȣȑ
Ȋ ȕȈșȚȖȧȡȍȍ ȊȘȍȔȧ ȊȍșȤȔȈ
ȊȖșȚȘȍȉȖȊȈȕ ȕȈ ȍȊȘȖȗȍȑșȒȖȔ
ȘȣȕȒȍ
NW
1$5 7 ȖȉȔȖȚȟȐȒ = Ȉ
ȚȈȒȎȍ ȒȖȔȔțȕȈȓȤȕțȦ ȚȍȝȕȐȒț
ȗȖȌȔȍȚȈȓȤȕȖțȉȖȘȖȟȕțȦ ȔȈȠȐȕț
$JDWD =0 Ȑ șȕȍȋȖȖȚȊȈȓȣ
38Ȑ389
UV
$XGURNHVWD Ȑ /\WDJUD ȏȈȕȐȔȈȦȚșȧ
ȚȖȘȋȖȊȓȍȑ șȍȓȤȝȖȏȚȍȝȕȐȒȖȑ
Ȉ ȒȖȔȗȈȕȐȧ 8$% *DOXRWDV
ȗȘȖȌȈȍȚ ȒȖȔȔțȕȈȓȤȕțȦ ȚȍȝȕȐȒț
Ȋ dzȐȚȊȍ ǶȕȐ ȗȘȍȌșȚȈȊȐȓȐ
ȗȘȐȞȍȗȣ 3521$5 7 Ȑ 352-
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ǪȣșȚȈȊȒȈȗȘȖȊȖȌȐȓȈșȤșȗȖȈȗȘȍȓȧȊȋȖȘȖȌȍǺȈȘȚțȅșȚȖȕȐȧȅșȚȖȕȐȧ±ȕȍȉȖȓȤȠȖȍ
ȋȖșțȌȈȘșȚȊȖ ȖȌȕȈȒȖ ȍȍ ȋȍȖȋȘȈȜȐȟȍșȒȖȍ ȗȖȓȖȎȍȕȐȍ ȗȖșȓțȎȐȓȖ ȗȘȐȟȐȕȖȑ ȚȖȋȖ ȟȚȖ
ȊȣșȚȈȊȒțȗȖșȍȚȐȓȐȕȍȚȖȓȤȒȖȔȍșȚȕȣȍȜȍȘȔȍȘȣȕȖȐȋȖșȚȐȐȏșȒȈȕȌȐȕȈȊșȒȐȝșȚȘȈȕȐ
ǩȈȓȚȐȑșȒȖȋȖȘȍȋȐȖȕȈǺȈȒȖȑȊȖȏȔȖȎȕȖșȚȐȕȍȔȖȋȓȐțȗțșȚȐȚȤȔȍșȚȕȣȍȐȏȈȋȘȈȕȐȟȕȣȍ
ȗȘȖȐȏȊȖȌȐȚȍȓȐ
ǪȣșȚȈȊȒȈșȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȣȝȔȈȠȐȕ
Ä$*527$578´ȊȅșȚȖȕȐȐ
ǹȘȍȌȐ țȟȈșȚȕȐȒȖȊ ȊȣșȚȈȊȒȐ
ȉȣȓ Ȑ ȌȐȓȍȘ ȒȖȔȗȈȕȐȐ 3URQDU
± ȜȐȘȔȈ Ä28 $/9252´ ȒȖȚȖȘȈȧ
ȗȘȍȌșȚȈȊȐȓȈ ȐȏȌȍȓȐȧ ȗȖȓȤșȒȖȋȖ
ȗȘȖȐȏȊȖȌȐȚȍȓȧ ǵȈ șȚȍȕȌȍ ȉȣȓȐ
ȗȘȖȌȍȔȖȕșȚȘȐȘȖȊȈȕȣȊȟȈșȚȕȖșȚȐ ȗȘȐȞȍȗȣ Ȍȓȧ ȗȍȘȍȊȖȏȒȐ ȘțȓȖȕȖȊ
77 ȋȘȈȉȓȐ =.3
Ȉ ȚȈȒȎȍ ȒȖșȐȓȒȐ 3'7 Ȑ
3'7 ǨșșȖȘȚȐȔȍȕȚ ȗȘȖȌțȒȞȐȐ
ȉȣȓ ȌȖȗȖȓȕȍȕ ȔȈȠȐȕȈȔȐ Ȍȓȧ
ȒȖȔȔțȕȈȓȤȕȣȝ ȝȖȏȧȑșȚȊ ȚȈȒȐȔȐ
ȒȈȒ ȗȖȔȍȚȈȓȤȕȖțȉȖȘȖȟȕȈȧ
ȔȈȠȐȕȈ $JDWD Ȑ ȗȖȋȘțȏȟȐȒ
/&
ǵȈ ȊȣșȚȈȊȒȍ ȉȣȓȐ ȠȐȘȖȒȖ
ȗȘȍȌșȚȈȊȓȍȕȣ ȗȘȐȞȍȗȣ Ȍȓȧ
ȓȍșȕȣȝ ȝȖȏȧȑșȚȊ ȔȍșȚȕȖȋȖ Ȑ
șȒȈȕȌȐȕȈȊșȒȖȋȖ ȗȘȖȐȏȊȖȌșȚȊȈ Ȋ
ȅșȚȖȕȐȐ ȔȕȖȋȖ ȓȍșȖȊ Ȉ ȚȈȒȎȍ
ȔȖȌȍȓȐ ȚȘȈȒȚȖȘȖȊ ǩȖȓȤȠȖȑ
ȐȕȚȍȘȍșțȔȍșȚȕȣȝȐȏȈȋȘȈȕȐȟȕȣȝ
ȋȖșȚȍȑ ȊȣȏȊȈȓȐ ȔȈȠȐȕȣ Ȍȓȧ
șȉȖȘȈ ȏȍȓȍȕȣȝ ȒȖȘȔȖȊ ȊȊȐȌț
șȒȖȘȖȋȖȕȈȟȈȓȈșȍȏȖȕȈ
UV
ǩȍșȍȌȈș0DWL3}OGURRVȊȓȈȌȍȓȤȞȍȔȜȐȘȔȣ$OYRURȊǺȈȓȓȐȕȕȍȅșȚȖȕȐȧ±ȊȍȌțȡȐȔ
ȌȐȓȍȘȖȔȜȐȘȔȣ3URQDUȊȅșȚȖȕȐȐ
ǷȘȐȞȍȗȣȗȖȊȣȋȖȌȕȖȑȞȍȕȍ
DzȈȒ ȗȖȓțȟȐȓȖșȤ ȟȚȖ Ǫȣ
ȕȈȟȈȓȐ șȖȚȘțȌȕȐȟȈȚȤ ș
ȜȐȘȔȖȑ3URQDU"
Ǫ ȋȖȌț ȕȈ ȊȣșȚȈȊȒȍ Ȋ
dzȈȚȊȐȐȧȊȗȍȘȊȣȍțȊȐȌȍȓȚȍȝȕȐȒț
ȒȖȔȗȈȕȐȐ 3URQDU ǵȈȠȈ ȜȐȘȔȈ
șȗȍȞȐȈȓȐȏȐȘțȍȚșȧ ȕȈ ȗȘȖȌȈȎȍ
șȍȓȤȝȖȏȚȍȝȕȐȒȐ ȚȘȈȒȚȖȘȖȊ Ȑ
ȏȈȗȟȈșȚȍȑ ǷȖșȓȍ ȊșȍșȚȖȘȖȕȕȍȋȖ
ȈȕȈȓȐȏȈ ȗȘȍȌȓȖȎȍȕȐȍ ȒȖȔȗȈȕȐȐ
3URQDU ȗȖȒȈȏȈȓȖșȤ ȕȈȔ ȊȍșȤȔȈ
ȐȕȚȍȘȍșȕȣȔǺȈȒȊșȍȐȕȈȟȈȓȖșȤ
DzȈȒ șȒȓȈȌȣȊȈȦȚșȧ
ȊȏȈȐȔȖȖȚȕȖȠȍȕȐȧ"
ǵȈȠȍșȖȚȘțȌȕȐȟȍșȚȊȖșȜȐȘȔȖȑ
3URQDU șȒȓȈȌȣȊȈȍȚșȧ ȊȍșȤȔȈ
țșȗȍȠȕȖ Ǵȣ ȗȘȖȌȈȍȔ ȔȕȖȋȖ
ȗȘȐȞȍȗȖȊ ȥȚȖȑ ȔȈȘȒȐ Ȉ ȚȈȒȎȍ
ȒȖȔȔțȕȈȓȤȕțȦȚȍȝȕȐȒȐȐȔȈȠȐȕȣ
Ȍȓȧ țȉȖȘȒȐ ȏȍȓȍȕȣȝ ȒȖȘȔȖȊ
ȗȖȌȈȟȐ ȒȖȘȔȖȊ DzȖȔȗȈȕȐȧ 3UR- QDU ± ȊȈȎȕȣȑ ȐȋȘȖȒ ȕȍ ȚȖȓȤȒȖ
ȕȈ ȗȖȓȤșȒȖȔ ȘȣȕȒȍ ȕȖ Ȑ Ȋ
ȅșȚȖȕȐȐ ȅȚȖ ȗȖȌȚȊȍȘȎȌȈȍȚ
ȜȈȒȚ ȘȈșȚțȡȍȑ ȗȖȗțȓȧȘȕȖșȚȐ
ȗȘȐȞȍȗȖȊȜȐȘȔȣ3URQDUȕȈȕȈȠȍȔ
ȘȣȕȒȍ ǵȈȟȐȕȈȧ ș ȗȘȖȠȓȖȋȖ
ȋȖȌȈ ȒȖȔȗȈȕȐȧ 3URQDU ȓȐȌȐȘțȍȚ
ȗȖ ȟȐșȓț ȏȈȘȍȋȐșȚȘȐȘȖȊȈȕȕȣȝ
ȗȘȐȞȍȗȖȊșȘȍȌȐȊșȍȝȏȈȘțȉȍȎȕȣȝ
ȗȘȖȐȏȊȖȌȐȚȍȓȍȑ ȕȈ ȥșȚȖȕșȒȖȔ
ȘȣȕȒȍ
DzȈȒȖȊȖ ȔȕȍȕȐȍ ǪȈȠȐȝ
ȒȓȐȍȕȚȖȊ Ȗ ȗȘȐȞȍȗȈȝ
ȗȓȈȚȜȖȘȔȈȝȜȐȘȔȣ3URQDU"
ǷȖȓȖȎȐȚȍȓȤȕȈȧȖȞȍȕȒȈȗȘȐȞȍȗȖȊ
3URQDU ȧȊȓȧȍȚșȧ șȓȍȌșȚȊȐȍȔ
ȊȣȋȖȌȕȖȋȖ șȖȖȚȕȖȠȍȕȐȧ Ȟȍȕȣ Ȑ
ȒȈȟȍșȚȊȈ Ȉ ȚȈȒȎȍ ȌȖșȚțȗȕȖșȚȐ
ȏȈȗȟȈșȚȍȑ Ȑ șȍȘȊȐșȕȖȋȖ
ȖȉșȓțȎȐȊȈȕȐȧ
DzȈȒ șȍȉȧ ȏȈȘȍȒȖȔȍȕȌȖȊȈȓȐ
ȗȘȐȞȍȗȣ ȜȐȘȔȣ 3URQDU ț
ǪȈȠȐȝȒȓȐȍȕȚȖȊ"
ǪȈȎȕȍȑȠȐȔ ȌȖșȚȖȐȕșȚȊȖȔ
ȗ Ș Ȑ Ȟ ȍ ȗ Ȗ Ȋ ȗ Ȗ Ȍ ȉ Ȗ Ș ȡ Ȑ Ȓ Ȗ Ȋ
ȧȊȓȧȍȚșȧ Ȑȝ ȒȖȕșȚȘțȒȞȐȧ Ȑ
ȒȈȟȍșȚȊȖ Dz șȖȎȈȓȍȕȐȦ Ȕȣ
șȚȈȓȒȐȊȈȍȔșȧșȖșȓțȟȈȧȔȐȒȖȋȌȈ
ȗȖȓȤȏȖȊȈȚȍȓȐ ȗȍȘȍȋȘțȎȈȦȚ
ȗȘȐȞȍȗ ȕȖ ȉȓȈȋȖȌȈȘȧ ȗȘȖȟȕȖșȚȐ
ȒȖȕșȚȘțȒȞȐȐ Ȑ ȒȈȟȍșȚȊț
ȊȣȗȖȓȕȍȕȐȧȗȘȐȞȍȗȣȗȓȈȚȜȖȘȔȣ
ȘȈȉȖȚȈȦȚ ȉȍȏțȗȘȍȟȕȖ ǵȈȠȐ
ȒȓȐȍȕȚȣ ȌȖȊȖȓȤȕȣ ȗȖșȒȖȓȤȒț
ȚȍȝȕȐȒȈ ± ȏȈȟȈșȚțȦ ȘȈȉȖȚȈȧ Ȋ
ȖȟȍȕȤșȓȖȎȕȣȝțșȓȖȊȐȧȝ±ȊȍȌȍȚ
șȍȉȧ ȉȍȏțȗȘȍȟȕȖ ǹțȡȍșȚȊȍȕȕȖȍ
ȏȕȈȟȍȕȐȍ ȐȔȍȍȚ ȚȈȒȎȍ ȚȖȚ
ȜȈȒȚ ȟȚȖ ȉȓȈȋȖȌȈȘȧ ȠȐȘȖȒȖȑ
ȋȈȔȔȍ ȗȘȐȞȍȗȖȊȗȓȈȚȜȖȘȔ
ȗȘȍȌȓȈȋȈȍȔȣȝ ȒȖȔȗȈȕȐȍȑ 3URQDU
Ȕȣ Ȋ șȖșȚȖȧȕȐȐ țȌȖȊȓȍȚȊȖȘȐȚȤ
șȈȔȣȍ ȘȈȏȕȣȍ ȗȖȚȘȍȉȕȖșȚȐ
ȗȘȈȒȚȐȟȍșȒȐȒȈȎȌȖȋȖȒȓȐȍȕȚȈ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
DzȈȒ ȊȣȋȓȧȌȐȚ ȒȖȔȗȈȕȐȧ 3UR
QDUȕȈȜȖȕȍȒȖȕȒțȘȍȕȚȖȊ"
ǻȘȖȊȍȕȤȒȖȕȒțȘȍȕȞȐȐșȘȍȌȐȒȈȒ
ȏȈȘțȉȍȎȕȣȝ ȗȘȖȐȏȊȖȌȐȚȍȓȍȑ
ȚȈȒ Ȑ ȔȍșȚȕȣȝ ȖȟȍȕȤ ȊȣșȖȒ ǵȖ
ȗȘȖȌțȒȚȣ ȊȣșȖȒȖȋȖ ȒȈȟȍșȚȊȈ
ȗȖ ȊȣȋȖȌȕȖȑ Ȟȍȕȍ ȊșȍȋȌȈ ȉțȌțȚ
ȗȖȓȤȏȖȊȈȚȤșȧ ȗȖȗțȓȧȘȕȖșȚȤȦ Ȑ
ȐȕȚȍȘȍșȖȔ șȘȍȌȐ ȗȖȒțȗȈȚȍȓȍȑ
ǰȔȍȕȕȖ ȚȈȒȖȊȣ ȗȘȍȐȔțȡȍșȚȊȈ
ȜȐȘȔȣ 3URQDU ǷȖ ȔȖȍȑ ȖȞȍȕȒȍ
ȗȘȖȌțȒȞȐȦ ȜȐȘȔȣ 3URQDU ȔȖȎȕȖ
șȘȈȊȕȐȚȤ ș ȚȍȝȕȐȒȖȑ ȊȍȌțȡȐȝ
ȏȈȗȈȌȕȣȝȗȘȖȐȏȊȖȌȐȚȍȓȍȑȕȖȖȕȈ
ȗȘȐ ȥȚȖȔ ȌȍȠȍȊȓȍ Ȉ ȥȚȖ ȊȍșȤȔȈ
șțȡȍșȚȊȍȕȕȖ
ǵȈ ȟȚȖ ȖȉȘȈȡȈȦȚ ȊȕȐȔȈȕȐȍ
ȜȍȘȔȍȘȣ ȗȓȈȕȐȘțȦȡȐȍ
ȗȘȐȖȉȘȍșȚȐ ȗȘȐȞȍȗ
ȗȓȈȚȜȖȘȔț"
ǼȍȘȔȍȘȣ ȖȉȘȈȡȈȦȚ ȊȕȐȔȈȕȐȍ
ȗȘȍȎȌȍ ȊșȍȋȖ ȕȈ Ȟȍȕț
ȜțȕȒȞȐȖȕȈȓȤȕȖșȚȤ șȍȘȊȐș
ȌȖșȚțȗȕȖșȚȤ ȏȈȗȟȈșȚȍȑ
ȥȒșȗȓțȈȚȈȞȐȖȕȕȣȍ Ȑ șȍȘȊȐșȕȣȍ
ȏȈȚȘȈȚȣ Ȉ ȚȈȒȎȍ ȕȈ ȒȈȟȍșȚȊȖ
Ȑ ȗȘȖȟȕȖșȚȤ ȗȘȐȞȍȗȖȊ ȟȚȖ
ȋȈȘȈȕȚȐȘțȍȚȌȖȓȋȐȑșȘȖȒșȓțȎȉȣ
ȗȘȐȖȉȘȍȚȍȕȕȖȑȚȍȝȕȐȒȐ
DzȈȒȈȧ ȚȍȝȕȐȒȈ ȊȣȏȣȊȈȍȚ
ȕȈȐȉȖȓȤȠȐȑȐȕȚȍȘȍș"
ǼȐȘȔȈ 3URQDU ȗȘȍȌȓȈȋȈȍȚ ȕȍ
ȚȖȓȤȒȖ ȗȘȐȞȍȗȣ ȕȖ Ȑ ȔȈȠȐȕȣ
Ȍȓȧ țȉȖȘȒȐ ȏȍȓȍȕȣȝ ȒȖȘȔȖȊ
ȖșȕȈșȚȒț Ȑ ȒȖȔȔțȕȈȓȤȕțȦ
ȚȍȝȕȐȒțǹȍȑȟȈșȊșȈȔȖȔȘȈȏȋȈȘȍ
șȍȏȖȕ țȉȖȘȒȐ ȏȍȓȍȕȣȝ ȒȖȘȔȖȊ
ȗȖȥȚȖȔț Ȕȣ ȗȘȖȌȈȍȔ ȒȖșȐȓȒȐ
ȋȘȈȉȓȐ ȗȘȖșȍȐȊȈȚȍȓȐ Ȑ ȌȘțȋȐȍ
ȔȈȠȐȕȣ Ȍȓȧ țȉȖȘȒȐ ȏȍȓȍȕȣȝ
ȒȖȘȔȖȊ ȒȖȚȖȘȣȍ ȗȖȓȤȏțȦȚșȧ Ȋșȍ
ȉȖȓȤȠȍȑȗȖȗțȓȧȘȕȖșȚȤȦǰȏȋȖȌȈ
Ȋ ȋȖȌ ȘȈșȚȍȚ ȟȐșȓȖ ȗȖȒțȗȈȚȍȓȍȑ
ȌȍȓȈȦȡȐȑȊȣȉȖȘȊȗȖȓȤȏțȔȈȠȐȕ
ȜȐȘȔȣ 3URQDU ȅȚȖ șȊȧȏȈȕȖ
ș țȉȍȎȌȍȕȕȖșȚȤȦ ȒȓȐȍȕȚȖȊ
Ȋ ȚȖȔ ȟȚȖ ȒȖȔȗȈȕȐȧ 3URQDU
ȧȊȓȧȍȚșȧ ȋȈȘȈȕȚȖȔ ȗȘȖȟȕȖșȚȐ
ȔȈȠȐȕ Ȑȝ ȊȣșȖȒȖȋȖ ȒȈȟȍșȚȊȈ Ȑ
ȗȘȖȜȍșșȐȖȕȈȓȤȕȖȋȖșȍȘȊȐșȈ
ǸȈȏȋȖȊȈȘȐȊȈȓ
ǸȖșȚȐșȓȈȊǹȐȒȖȘșȒȐȑ
0DWL3}OGURRVɜɥɚɞɟɥɟɰɮɢɪɦɵ$OYRURɜɌɚɥɥɢɧɧɟ
Австрия
Бельгия Б Великобритания
Венгри Германия
Греция Дания
Ирландия Исландия
Испания
Италия Ла Люксембург Ли
Нидерланды Норвегия
Португалия
Румы Сербия
Сло Ф
Франция
Хорватия Чехия Швейцария
Швеция
Эс
К Австрия
Словения
Марокко
Нигерия
Егип Тунис
Канада
Южная Америка
Виргинские острова
Бразилия
3URQDUȗȘȖȌȈȨȚȕȈȠȍ
Беларусь
Болгария енгрия
ия Латвия Литва
Молдавия Россия
Румыния Словакия
Украина Финляндия
Эстония
Израиль
Индия Иран
Казахстан
Кипр Китай
Турция Япония
Египет
ЮАР
Республика Мадагаскар
Южная Корея
Австралия
Новая Зеландия
ȠȍșȚȐȒȖȕȚȐȕȍȕȚȈȝ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
DzȈȒȖȑȗȘȐȊȖȌȊȣȉȘȈȚȤ"
ǴȖȉȐȓȤȕȣȑȗȘȖșȍȐȊȈȚȍȓȤȔțșȖȘȈ3521$503%
ǴȖȉȐȓȤȕȣȑȗȘȖșȍȐȊȈȚȍȓȤȔțșȖȘȈȕȖȊȍȑȠȐȑȗȘȖȌțȒȚȒȖȔȗȈȕȐȐ3URQDUǩȓȈȋȖȌȈȘȧ
ȗȘȐȔȍȕȍȕȐȦ șȈȔȣȝ șȖȊȘȍȔȍȕȕȣȝ ȚȍȝȕȖȓȖȋȐȑ Ȑ ȗȘȈȒȚȐȟȕȖȑ ȒȖȕșȚȘțȒȞȐȐ ș țșȗȍȝȖȔ
ȒȖȕȒțȘȐȘțȍȚȕȈȘȣȕȒȍȅȚȖțȕȐȊȍȘșȈȓȤȕȈȧȔȈȠȐȕȈȥȒȖȕȖȔȐȟȕȈȧȈȟȚȖșȈȔȖȍȊȈȎȕȖȍ
±ȖȗȚȐȔȈȓȤȕȈȧȊȖȔȕȖȋȐȝșȜȍȘȈȝȗȘȐȔȍȕȍȕȐȧȁȍȉȍȕȤȖȚȝȖȌȣȉȐȖȜȘȈȒȞȐȐțȋȖȓȤ
ȗȍșȖȒȊșȍȥȚȖȔȖȎȍȚȗȘȖșȍȐȊȈȚȤșȧǴȈȠȐȕȈȗȘȖșȚȈȊȥȒșȗȓțȈȚȈȞȐȐȥȒȖȕȖȔȐȟȕȈȐ
ȥȒȖȓȖȋȐȟȕȈ
Ȼɚɪɚɛɚɧɧɵɣɩɪɨɫɟɢɜɚɬɟɥɶ3521$50%3ɜɩɪɨɰɟɫɫɟɪɚɛɨɬɵ
ǴȖȉȐȓȤȕȣȑ ȗȘȖșȍȐȊȈȚȍȓȤ
ȔțșȖȘȈ0%3ȔȖȎȍȚȘȈȉȖȚȈȚȤȒȈȒȖȚ
ȌȊȐȋȈȚȍȓȧȊȕțȚȘȍȕȕȍȋȖșȋȖȘȈȕȐȧ
ȚȈȒ Ȑ ȖȚ ȥȓȍȒȚȘȐȟȍșȒȖȋȖ ǵȖ
ȒȈȒȖȑ ȌȊȐȋȈȚȍȓȤ ȊȣȉȘȈȚȤ ȒȈȒȖȑ
ȐȝȕȐȝȉțȌȍȚȉȖȓȍȍȥȜȜȍȒȚȐȊȕȣȔ
Ȑ șȖȖȚȊȍȚșȚȊțȦȡȐȔ ȕȈȠȐȔ
ȖȎȐȌȈȕȐȧȔ" ǵȈ ȥȚȐ Ȑ ȌȘțȋȐȍ
ȊȖȗȘȖșȣ ȕȍȖȉȝȖȌȐȔȖ ȖȚȊȍȚȐȚȤ
ȖȗȘȍȌȍȓȐȊȕțȎȌȣȏȈȒȈȏȟȐȒȈ
ǷȍȘȊȈȧ ȊȖȏȔȖȎȕȖșȚȤ ± ȥȚȖ
ȌȐȏȍȓȤȕȣȑȌȊȐȋȈȚȍȓȤȔȖȡȕȖșȚȤȦ
ȓ ș ȗȘȖȐȏȊȖȌșȚȊȈ 0LWVXEL
VKL ș ȖȉȢȍȔȖȔ ȞȐȓȐȕȌȘȖȊ
ȓȐȚȘȈ ǹȘȍȌȕȐȑ ȘȈșȝȖȌ ȚȖȗȓȐȊȈ
ȗȘȐȘȈȉȖȚȍȊȕȖȘȔȈȓȤȕȖȑȘȍȎȐȔȍ
Ȋ șȓțȟȈȍ ȞȐȓȐȕȌȘȖȊȖȋȖ
ȌȊȐȋȈȚȍȓȧșȖșȚȈȊȓȧȍȚȓȟ
ȓȐȚȘȖȊȣȑ ȉȈȒ ȖȉȍșȗȍȟȐȊȈȍȚ
ȔȕȖȋȖȌȕȍȊȕțȦȥȒșȗȓțȈȚȈȞȐȦ
ǷȘȐȔȍȕȍȕȐȍ ȌȐȏȍȓȤȕȖȋȖ
ȌȊȐȋȈȚȍȓȧ ȌȍȓȈȍȚ ȔȈȠȐȕț
ȗȖȓȕȖșȚȤȦ ȔȖȉȐȓȤȕȖȑ ȉȍȏ
ȒȈȒȐȝȓȐȉȖ ȖȋȘȈȕȐȟȍȕȐȑ Ƕȕ
ȔȖȎȍȚ ȐșȗȖȓȤȏȖȊȈȚȤșȧ ȚȈȒȎȍ
Ȍȓȧ ȘȈȉȖȚȣ ȕȈ ȒȖȔȗȖșȚȕȣȝ
ȒțȟȈȝ ȋȌȍ ȕțȎȕȖ ȗȍȘȍȔȍȡȈȚȤșȧ
șȘȍȌȐ ȗȘȐȏȔ Ȑȏ ȖȚȝȖȌȖȊ Ȋ
șȖȘȚȐȘȖȊȖȟȕȣȝ Ȑ ȗȍȘȍȊȈȓȖȟȕȣȝ
șȚȈȕȞȐȧȝ ȗțȕȒȚȈȝ ȗȖȋȘțȏȒȐ
Ǫ ȏȈȊȐșȐȔȖșȚȐ ȖȚ ȒȖȓȐȟȍșȚȊȈ
ȚȖȟȍȒ ȥȒșȗȓțȈȚȈȞȐȐ ȔȈȠȐȕȈ ș
ȌȐȏȍȓȤȕȣȔ ȌȊȐȋȈȚȍȓȍȔ ȔȖȎȍȚ
ȚȘȈȕșȗȖȘȚȐȘȖȊȈȚȤșȧ ȒȈȒ ȗȘȐȞȍȗ
ȖȚ țșȚȘȖȑșȚȊȈ Ȓ țșȚȘȖȑșȚȊț
ǬȊȐȋȈȚȍȓȤ ȊȕțȚȘȍȕȕȍȋȖ
șȋȖȘȈȕȐȧ ȗȖȏȊȖȓȧȍȚ ȥȜȜȍȒȚȐȊȕȖ
ȐșȗȖȓȤȏȖȊȈȚȤ ȔȈȠȐȕț Ȋ ȓȦȉȣȝ
țșȓȖȊȐȧȝ ȕȈ ȓȦȉȖȑ ȔȍșȚȕȖșȚȐ
Ȍȓȧ ȗȘȖșȍȐȊȈȕȐȧ ȔȕȖȎȍșȚȊȈ
ȘȈȏȕȣȝȔȈȚȍȘȐȈȓȖȊ
ǬȘțȋȖȑ ȊȐȌ ȗȘȐȊȖȌȈ
ȐșȗȖȓȤȏțȍȔȣȑ Ȋ ȔȖȉȐȓȤȕȖȔ
ȗȘȖșȍȐȊȈȚȍȓȍȔțșȖȘȈ0%3
ȥȓȍȒȚȘȐȟȍșȒȐȑȅȓȍȒȚȘȖȌȊȐȋȈȚȍȓȤ
ȔȖȡȕȖșȚȤȦ ȓș ȘȈȉȖȚȈȍȚ
ȖȚ ȥȓȍȒȚȘȖșȍȚȐ ȕȖȔȐȕȈȓȤȕȈȧ
ȔȖȡȕȖșȚȤȒȖȚȖȘȖȑșȖșȚȈȊȓȧȍȚȕȍ
Ȕȍȕȍȍ ȒǪȚ ǭȋȖ ȕȖȔȐȕȈȓȤȕȣȍ
ȖȉȖȘȖȚȣ șȖșȚȈȊȓȧȦȚ Ȋ
ȔȐȕțȚț ǬȊȐȋȈȚȍȓȤ ȊȔȍșȚȍ ș
ȋȐȌȘȈȊȓȐȟȍșȒȐȔȐ ȕȈșȖșȈȔȐ Ȑ
ȉȈȒȖȔȌȓȧȋȐȌȘȈȊȓȐȟȍșȒȖȋȖȔȈșȓȈ
țșȚȈȕȖȊȓȍȕȕȈȖȉȡȍȑȗȖȌȊȐȎȕȖȑ
ȗȓȈȚȜȖȘȔȍ ȗȖȏȊȖȓȧȦȡȍȑ
ȊȣȌȊȐȕțȚȤȍȋȖȐȏȒȖȘȗțșȈȔȈȠȐȕȣ
Ȍȓȧ ȗȖȓțȟȍȕȐȧ șȊȖȉȖȌȕȖȋȖ
ȌȖșȚțȗȈȒșȍȘȊȐșȕȣȔȚȖȟȒȈȔ
Ƿ Ș Ȑ ȕ Ȑ Ȕ Ȉ ȧ
ȘȍȠȍȕȐȍ Ȗ ȗȘȐȖȉȘȍȚȍȕȐȐ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ȗȘȖșȍȐȊȈȚȍȓȧ ȖȉȖȘțȌȖȊȈȕȕȖȋȖ
ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍȔ șȓȍȌțȍȚ
ȗȘȐȕȐȔȈȚȤ ȊȖ ȊȕȐȔȈȕȐȍ ȟȚȖ ȥȚȖ
ȕȍ ȉțȌȍȚ ȗȖȓȕȖșȚȤȦ ȔȖȉȐȓȤȕȈȧ
ȔȈȠȐȕȈ Ȑ ȍȑ ȔȖȎȕȖ ȉȌȍȚ
ȗȖȓȤȏȖȊȈȚȤșȧȚȖȓȤȒȖȗȘȐȕȈȓȐȟȐȐ
ȐșȚȖȟȕȐȒȈ ȥȓȍȒȚȘȖȗȐȚȈȕȐȧ ǸȍȟȤ
ȐȌȍȚȖȕȍȖȉȝȖȌȐȔȖșȚȐȊȣȗȖȓȕȍȕȐȧ
ȗȖȓȤȏȖȊȈȚȍȓȍȔșȖȖȚȊȍȚșȚȊțȦȡȍȋȖ
ȥȓȍȒȚȘȐȟȍșȒȖȋȖ ȗȖȌȒȓȦȟȍȕȐȧ
DzȈȎȌȣȑ ȗȘȖșȍȐȊȈȚȍȓȤ
șȚȈȕȌȈȘȚȕȖ ȖȉȖȘțȌȖȊȈȕ ȒȈȉȍȓȍȔ
ȌȓȐȕȖȑ ȔȈȒșȐȔțȔ ȔȍȚȘȖȊ
ǷȘȐ ȐșȗȖȓȤȏȖȊȈȕȐȐ ȍȋȖ
ȕȈȗȘȐȔȍȘ ȕȈ ȗȘȍȌȗȘȐȧȚȐȧȝ
ȗȖ ȒȖȔȗȖșȚȐȘȖȊȈȕȐȦ ȔțșȖȘȈ
șȓȍȌțȍȚ ȗȘȐȕȐȔȈȚȤ ȊȖ ȊȕȐȔȈȕȐȍ
ȕȍȖȉȝȖȌȐȔȖșȚȤ ȗȖȌȋȖȚȖȊȒȐ
ȕȍșȒȖȓȤȒȐȝ ȗȖȌȒȓȦȟȍȕȐȑ Ȓ
ȔȈȠȐȕȍǩȖȓȤȠȖȍȏȕȈȟȍȕȐȍȐȔȍȍȚ
ȚȈȒȎȍ șȗȖșȖȉ ȐșȗȖȓȤȏțȍȔȣȑ
ȗȖȓȤȏȖȊȈȚȍȓȍȔ Ȍȓȧ țȚȐȓȐȏȈȞȐȐ
ȖȚȝȖȌȖȊ ǭșȓȐ ȖȚȝȖȌȣ ȉțȌțȚ
ȗȖȌȊȍȘȋȈȚȤșȧ ȖȉȘȈȉȖȚȒȍ Ȑ
ȗȘȖșȍȐȊȈȕȐȦ Ȋ ȖȌȕȖȔ ȔȍșȚȍ
ȌȖșȚȈȚȖȟȕȖ ȖȉȍșȗȍȟȐȚȤ ȖȌȕȖ
ȗȖȌȒȓȦȟȍȕȐȍ ǸȍȠȍȕȐȍ Ȗ ȚȖȔ
ȟȚȖȓțȟȠȍ±ȗȍȘȍȌȊȐȋȈȚȤșȧșȘȍȌȐ
ȒȖȔȗȖșȚȕȣȝȒțȟȕȈȗȘȖșȍȐȊȈȚȍȓȍ
ȐȓȐ Ȏȍ ȗȖȌȊȖȏȐȚȤ ȖȚȝȖȌȣ
ȕȈ ȗȖȋȘțȏȟȐȒȍ ± ȗȘȐȕȐȔȈȍȚ
ȗȖȓȤȏȖȊȈȚȍȓȤ
ǹȐȚțȈȞȐȧ ȊȣȋȓȧȌȐȚ
ȐȕȈȟȍ ȍșȓȐ ȗȘȖșȍȐȊȈȚȍȓȤ ȉțȌȍȚ
țșȚȈȕȖȊȓȍȕ ȕȈ ȖȌȕȖȔ ȔȍșȚȍ ș
ȗȖșȚȖȧȕȕȣȔ ȗȖȌȒȓȦȟȍȕȐȍȔ
ȖșțȡȍșȚȊȓȧȧ ȗȘȖșȍȐȊȈȕȐȍ
ȉȣȚȖȊȣȝ ȖȚȝȖȌȖȊ ȋȘțȕȚȈ
ȡȍȉȕȧ țȋȓȧ ǰșȗȖȓȤȏȖȊȈȕȐȍ
ȗȘȖșȍȐȊȈȚȍȓȧ ȔțșȖȘȈ ș
ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍȔ ȗȖȏȊȖȓȧȍȚ
șȕȐȏȐȚȤ ȥȒșȗȓțȈȚȈȞȐȖȕȕȣȍ
ȏȈȚȘȈȚȣǷȘȍȐȔțȡȍșȚȊȖȔȌȈȕȕȖȋȖ
ȘȍȠȍȕȐȧ ȧȊȓȧȍȚșȧ ȊȖȏȔȖȎȕȖșȚȤ
ȐșȗȖȓȤȏȖȊȈȕȐȧ ȥȓȍȒȚȘȖȥȕȍȘȋȐȐ
ȊȣȘȈȉȈȚȣȊȈȍȔȖȑ șȖȉșȚȊȍȕȕȣȔȐ
șȐȓȈȔȐȐȏȋȈȏȈȔȍȚȈȕȈșȗȖȔȖȡȤȦ
ȌȍȋȈȏȐȘțȦȡȍȑțșȚȈȕȖȊȒȐ
ǹȓȍȌțȦȡȐȔ ȌȖșȚȖȐȕșȚȊȖȔ
ȥȓȍȒȚȘȖȗȘȐȊȖȌȈ ȧȊȓȧȍȚșȧ
ȏȕȈȟȐȚȍȓȤȕȖ șȕȐȎȍȕȐȍ
țȘȖȊȕȧ ȠțȔȈ ȅȚȖ ȗȖȏȊȖȓȧȍȚ
ȐșȗȖȓȤȏȖȊȈȚȤ ȔȈȠȐȕț Ȋ ȚȍȟȍȕȐȍ
ȘȈȉȖȟȍȋȖȌȕȧ
ǴȖȉȐȓȤȕȣȍ ȗȘȖșȍȐȊȈȚȍȓȐ
ȔțșȖȘȈ ș ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍȔ
ȟȈȡȍ ȊșȍȋȖ ȐșȗȖȓȤȏțȦȚșȧ Ȋ
ȏȈȒȘȣȚȣȝ ȗȖȔȍȡȍȕȐȧȝ ȞȍȝȈ
ȗȘȖȔȣȠȓȍȕȕȣȍ ȖȉȢȍȒȚȣ
ǶȚșțȚșȚȊȐȍ ȊȣȝȓȖȗȕȣȝ ȋȈȏȖȊ
ȕȐȏȒȐȑ țȘȖȊȍȕȤ ȠțȔȈ Ȉ ȚȈȒȎȍ
ȔȍȕȍȍșȚȘȖȋȐȍȚȘȍȉȖȊȈȕȐȧȒțȝȖȌț
ȏȈȌȊȐȋȈȚȍȓȍȔȗȖȊȣȠȈȦȚȒȖȔȜȖȘȚ
ȥȒșȗȓțȈȚȈȞȐȐ ǶȌȕȈȒȖ ȒȈȒ Ȑ Ȍȓȧ
ȓȦȉȖȋȖ ȥȓȍȒȚȘȖȖȉȖȘțȌȖȊȈȕȐȧ
șțȡȍșȚȊțȦȚ ȖșȖȉȣȍ ȚȘȍȉȖȊȈȕȐȧ
Ȋ ȖȉȓȈșȚȐ ȗȖȌȌȍȘȎȈȕȐȧ ȟȐșȚȖȚȣ
țȏȓȖȊ Ǫ ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍ
șȓȍȌțȍȚ Ȋ ȖȉȧȏȈȚȍȓȤȕȖȔ ȗȖȘȧȌȒȍ
ȍȎȍȌȕȍȊȕȖ ȟȐșȚȐȚȤ ȊșȦ ȍȋȖ
ȗȖȊȍȘȝȕȖșȚȤ ȚȈȒ ȒȈȒ ȘȈȏȕȖȋȖ
ȘȖȌȈ ȏȈȋȘȧȏȕȍȕȐȧ Ȑ ȗȣȓȤ
ȔȖȋțȚ ȗȘȐȊȍșȚȐ Ȓ șȍȘȤȍȏȕȣȔ
ȗȖȊȘȍȎȌȍȕȐȧȔ
ǴȖȉȐȓȤȕȣȑ ȗȘȖșȍȐȊȈȚȍȓȤ
ȔțșȖȘȈ ș ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍȔ
ȏȕȈȟȐȚȍȓȤȕȖ ȌȍȠȍȊȓȍ Ȋ
ȥȒșȗȓțȈȚȈȞȐȐ Ƕȕ ȕȍ ȚȘȍȉțȍȚ
șȚȖȓȤ ȚȡȈȚȍȓȤȕȖȑ ȒȖȕșȍȘȊȈȞȐȐ
ȥȒșȗȓțȈȚȈȞȐȐ Ȑ șȍȘȊȐșȕȖȋȖ
ȖȉșȓțȎȐȊȈȕȐȧ ȒȈȒ țșȚȘȖȑșȚȊȈ
ș ȌȊȐȋȈȚȍȓȍȔ ȊȕțȚȘȍȕȕȍȋȖ
șȋȖȘȈȕȐȧ ȅȒșȗȓțȈȚȈȞȐȖȕȕȣȍ
ȏȈȚȘȈȚȣȌȓȧȗȘȖșȍȐȊȈȚȍȓȧ3521$5
0%3 ș ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍȔ
ȔȖȎȕȖ șȖȒȘȈȚȐȚȤ ȍȡȍ ȉȖȓȤȠȍ
ȍșȓȐ ȐșȗȖȓȤȏȖȊȈȚȤ șȖȉșȚȊȍȕȕȣȍ
ȏȈȗȈșȣȊȖȏȖȉȕȖȊȓȧȍȔȖȑȥȕȍȘȋȐȐ
ǴȈȠȐȕȈ ș ȥȓȍȒȚȘȖȌȊȐȋȈȚȍȓȍȔ
ȖȉȓȈȌȈȍȚȉȖȓȤȠȍȑȔȖȉȐȓȤȕȖșȚȤȦ
ȕȖ ȥȚȖ șȖȗȘȧȎȍȕȖ ș ȘȖșȚȖȔ
ȏȈȚȘȈȚ DzȈȒțȦ ȔȈȠȐȕț ȊȣȉȘȈȚȤ"
ǪȣȉȖȘ ȒȖȕȍȟȕȖ Ȏȍ ȖșȚȈȍȚșȧ ȏȈ
ȏȈȒȈȏȟȐȒȖȔ ȒȖȚȖȘȣȑ ȏȕȈȍȚ ȋȌȍ
ȉțȌȍȚ ȘȈȉȖȚȈȚȤ ȗȘȖșȍȐȊȈȚȍȓȤ
ȔțșȖȘȈ Ȋ ȒȈȒȐȝ țșȓȖȊȐȧȝ Ȑ ș
ȒȈȒȐȔȔȈȚȍȘȐȈȓȖȔ
ǹȓȈȊȖȔȐȘǴȈȚȣșȤȒȍȊȐȟ
Ɍɨɪɝɨɜɵɣɩɪɟɞɫɬɚɜɢɬɟɥɶɤɨɦɩɚɧɢɢ3URQDU Ⱦɜɢɝɚɬɟɥɶɜɵɞɜɢɝɚɸɳɢɣɫɹɢɡɦɚɲɢɧɵɨɛɟɫɩɟɱɢɜɚɟɬɥɟɝɤɢɣɞɨɫɬɭɩɜɰɟɥɹɯɫɟɪɜɢɫɧɨɝɨɨɛɫɥɭɠɢɜɚɧɢɹ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ǹȒȖȘȖșȚȤȊȣȠȍ
ȏȈȚȘȈȚȣȕȐȎȍ
ǷȖȋȘțȏȟȐȒȐșȌȖȗȖȓȕȐȚȍȓȤȕȣȔȖȉȖȘțȌȖȊȈȕȐȍȔ
ǷȖȋȘțȏȟȐȒ ȖșȊȖȉȖȎȌȈȍȚ ȖȚ ȉȖȓȤȠȐȕșȚȊȈ ȚȧȎȍȓȣȝ ȗȖȋȘțȏȖȟȕȖȘȈȏȋȘțȏȖȟȕȣȝ
ȘȈȉȖȚ ȒȖȚȖȘȣȍ ȌȖ ȥȚȖȋȖ ȊȣȗȖȓȕȧȓȐșȤ ȊȘțȟȕțȦ ș ȐșȗȖȓȤȏȖȊȈȕȐȍȔ ȊȐȓ ȓȖȗȈȚȣ ȐȓȐ
șȖȊȒȈ Ƕȕ ȚȈȒȎȍ ȗȖȊȣȠȈȍȚ ȗȘȖȐȏȊȖȌȐȚȍȓȤȕȖșȚȤ ȥȚȐȝ ȘȈȉȖȚ ǷȖȥȚȖȔț ȗȘȐȕȐȔȈȧ ȊȖ
ȊȕȐȔȈȕȐȍȚȘțȌȖȍȔȒȖșȚȤȊȣȗȖȓȕȧȍȔȣȝȘȈȉȖȚȖșȖȉȍȕȕȖȊȎȐȊȖȚȕȖȊȖȌȟȍșȒȖȔȝȖȏȧȑșȚȊȍ
șȚȖȐȚȘȍȠȐȚȤșȧȕȈȗȘȐȖȉȘȍȚȍȕȐȍȗȖȋȘțȏȟȐȒȈ
Ɍɪɚɤɬɨɪ3521$56ɫɩɨɝɪɭɡɱɢɤɨɦ /&ɢɦɧɨɝɨɮɭɧɤɰɢɨɧɚɥɶɧɵɦɤɨɜɲɨɦ
ǹȜȍȘȈ ȗȘȐȔȍȕȍȕȐȧ
ȜȘȖȕȚȈȓȤȕȣȝ ȗȖȋȘțȏȟȐȒȖȊ ș
ȌȖȗȖȓȕȐȚȍȓȤȕȣȔ ȖȉȖȘțȌȖȊȈȕȐȍȔ
ȊȍșȤȔȈȠȐȘȖȒȈǶȕȐȐșȗȖȓȤȏțȦȚșȧ
ȒȈȒ Ȍȓȧ ȍȎȍȌȕȍȊȕȖȑ ȖȟȐșȚȒȐ
șȈȕȐȚȈȘȕȣȝ ȒȈȕȈȓȖȊ Ȑ
ȒȖȘȘȐȌȖȘȖȊȚȈȒȐȗȍȘȐȖȌȐȟȍșȒȖȋȖ
țȌȈȓȍȕȐȧȕȈȊȖȏȈȐȏȒȖȘȖȊȕȐȒȈȐȓȐ
șȊȐȕȈȘȕȐȒȈ ș ȋȓțȉȖȒȐȔ ȗȖȔȍȚȖȔ
ȈȚȈȒȎȍȌȓȧȜȖȘȔȐȘȖȊȈȕȐȧȗȘȐȏȔ
Ȋ ȕȈȊȖȏȖȝȘȈȕȐȓȐȡȍ Ȑ ȗȖȋȘțȏȒȐ
ȕȈȊȖȏȈ ȕȈ ȘȈȏȉȘȈșȣȊȈȚȍȓȤ
DzȘȖȔȍ ȥȚȖȋȖ ȖȕȐ ȗȘȐȔȍȕȧȦȚșȧ
Ȍȓȧ ȗȖȋȘțȏȒȐ ȘȈȏȉȘȈșȣȊȈȚȍȓȍȑ
ȐȏȊȍșȚȐ Ȑ țȌȖȉȘȍȕȐȑ Ȍȓȧ
ȘȈȏȓȐȟȕȣȝ ȘȈȉȖȚ șȊȧȏȈȕȕȣȝ ș
ȗȍȘȍȔȍȡȍȕȐȍȔșȖȓȖȔȣșȐȓȖșȈȐ
șȍȕȈȌȓȧȘȍȔȖȕȚȕȖșȚȘȖȐȚȍȓȤȕȣȝ
ȘȈȉȖȚȌȓȧțȌȖȉȒȐȒȈȔȕȍȑșȗȖȓȧ
ȗȖȋȘțȏȒȐ șȊȍȒȓȣ ș ȗȘȐȏȔȣ ȕȈ
ȗȘȐȞȍȗȣ ȐȓȐ Ȏȍ ȗȍȘȍȔȍȠȐȊȈȕȐȧ
ȏȍȘȕȈȕȈȗȓȖșȒȐȝșȒȓȈȌȈȝ
ǷȘȖȐȏȊȖȌȐȔȣȍ ȜȐȘȔȖȑ
3URQDU ȘȈȉȖȟȐȍ ȐȕșȚȘțȔȍȕȚȣ
ȔȖȕȚȐȘțȍȔȣȍ ȕȈ ȘȈȔȍ ȒȖȕșȖȓȐ
ȗȖȏȊȖȓȧȦȚ țșȒȖȘȐȚȤ Ȑ ȖȉȓȍȋȟȐȚȤ
ȘȈȉȖȚț Ȑ ȗȖȊȣșȐȚȤ țȘȖȊȍȕȤ ȍȍ
ȉȍȏȖȗȈșȕȖșȚȐ ǻȎȍ ȚȖȓȤȒȖ ȥȚȐ
ȊȣȠȍȗȍȘȍȟȐșȓȍȕȕȣȍ ȗȘȐȔȍȘȣ
ȗȘȐȔȍȕȍȕȐȧ ȗȖȒȈȏȣȊȈȦȚ ȟȚȖ
ȜȘȖȕȚȈȓȤȕȣȍ ȗȖȋȘțȏȟȐȒȐ
ȖȉȍșȗȍȟȐȊȈȦȚ ȥȜȜȍȒȚȐȊȕȖȍ
ȐșȗȖȓȤȏȖȊȈȕȐȍ ȚȘȈȒȚȖȘȈ
Ȋ șȍȓȤșȒȖȝȖȏȧȑșȚȊȍȕȕȖȔ
ȗȘȍȌȗȘȐȧȚȐȐ
ǷȘȐ ȗȘȐȖȉȘȍȚȍȕȐȐ
ȒȈȒ ȗȖȋȘțȏȟȐȒȈ ȚȈȒ Ȑ
ȚȘȈȒȚȖȘȈ șțȡȍșȚȊȍȕȕȖȍ
ȏȕȈȟȍȕȐȍ ȐȔȍȦȚ ȔȖȡȕȖșȚȤ
Ȋ ȣ ș Ȗ Ȓ Ȗ ȗ Ș Ȗ Ȑ ȏ Ȋ Ȗ Ȍ Ȑ Ț ȍ ȓ Ȥ ȕ Ȉ ȧ
ȋȐȌȘȈȊȓȐȟȍșȒȈȧ șȐșȚȍȔȈ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ȝȖȘȖȠȈȧ ȊȐȌȐȔȖșȚȤ ȊȖ ȊȘȍȔȧ
ȘȈȉȖȚȣ Ȉ ȚȈȒȎȍ ȥȘȋȖȕȖȔȐȟȕȖșȚȤ
Ȑ ȥȒȖȕȖȔȐȟȕȖșȚȤ ȘȈȉȖȚȣ ǺȈȒȎȍ
ȊȈȎȕȣȗȘȖșȚȖȚȈȊȥȒșȗȓțȈȚȈȞȐȐȐ șȍȘȊȐșȕȖȔȖȉșȓțȎȐȊȈȕȐȐǼȐȘȔȈ
3URQDU ȗȘȍȌȓȈȋȈȍȚ ȊȖȏȔȖȎȕȖșȚȤ
ȗȖȒțȗȒȐ ȚȘȈȒȚȖȘȈ ȊȔȍșȚȍ ș
ȗȖȋȘțȏȟȐȒȖȔȖȉȍșȗȍȟȐȊȈȧȗȖȌȉȖȘ
ȔȖȌȍȓȍȑ ș țȟȍȚȖȔ ȔȈȒșȐȔȈȓȤȕȖ
ȥȜȜȍȒȚȐȊȕȖȋȖ ȊȏȈȐȔȖȌȍȑșȚȊȐȧ
ǷȖȋȘțȏȟȐȒȐ ȜȐȘȔȣ 3URQDU
ȔȖȋțȚ ȘȈȉȖȚȈȚȤ ș ȚȘȈȒȚȖȘȈȔȐ Ȋ
ȌȐȈȗȈȏȖȕȍȔȖȡȕȖșȚȐȖȚȌȖ
ȓș
ǹ ȚȖȟȒȐ ȏȘȍȕȐȧ șȐșȚȍȔȣ
ȒȘȍȗȓȍȕȐȧ ȗȘȍȌȓȈȋȈȍȔȣȍ
ȒȖȔȗȈȕȐȍȑ 3URQDU ȗȖȋȘțȏȟȐȒȐ
ȔȖȎȕȖ ȘȈȏȌȍȓȐȚȤ ȕȈ
ȖȉȖȘțȌȖȊȈȕȕȣȍ șȐșȚȍȔȖȑ
ȒȘȍȗȓȍȕȐȧ ȚȐȗȈ ȍȊȘȖ /& /&
/& /& Ȑ șȐșȚȍȔȖȑ ȒȘȍȗȓȍȕȐȧ
3521$5ȊșȓțȟȈȍȗȖȋȘțȏȟȐȒȈà&
ǺȍȝȕȐȟȍșȒȐȍ ȗȈȘȈȔȍȚȘȣ
ȊȣȠȍțȒȈȏȈȕȕȣȝ ȗȖȋȘțȏȟȐȒȖȊ
ȗȘȍȌșȚȈȊȓȍȕȣ Ȋ ȚȈȉȓȐȞȍ ȕȈ
ș Ȑ ǶȉȖȘțȌȖȊȈȕȐȍ
ȜȐȘȔȣ 3URQDU ȔȖȎȍȚ ȚȈȒȎȍ
ȘȈȉȖȚȈȚȤ ș ȗȖȋȘțȏȟȐȒȈȔȐ
ȌȘțȋȐȝ ȗȘȖȐȏȊȖȌȐȚȍȓȍȑ
ȖȉȖȘțȌȖȊȈȕȕȣȔȐ șȐșȚȍȔȖȑ
ȒȘȍȗȓȍȕȐȧȚȐȗȈHXUR
ǷȖȋȘțȏȟȐȒȐ ȜȐȘȔȣ 3UR
QDU ȉȓȈȋȖȌȈȘȧ ȊȖȏȔȖȎȕȖșȚȐ
ȗȖȌȒȓȦȟȍȕȐȧ ȘȈȏȓȐȟȕȖȋȖ
ȌȖȗȖȓȕȐȚȍȓȤȕȖȋȖ ȖȉȖȘțȌȖȊȈȕȐȧ
ȗȘȐȋȖȌȧȚșȧ Ȋ ȓȦȉȖȔ ȝȖȏȧȑșȚȊȍ
Ȑ ȜȐȘȔȍ ǵȈ ȗȖȋȘțȏȟȐȒȐ ȔȖȎȍȚ
ȈȋȘȍȋȐȘȖȊȈȚȤșȧ șȓȍȌțȦȡȍȍ
ȖȉȖȘțȌȖȊȈȕȐȍ
DzȖȊȠȐ Ȍȓȧ șȣȗțȟȐȝ
ȔȈȚȍȘȐȈȓȖȊ ȚȘȐ ȊȍȘșȐȐ
ȊȔȍșȚȐȔȖșȚȐ ȘȈȉȖȚȈȦȡȐȍ ș
ȜȘȖȕȚȈȓȤȕȣȔ ȗȖȋȘțȏȟȐȒȖȔ /&
ȐȓȐà&
ǴȖȌȍȓȐ&Ȑ&(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȘȈȉȖȟȈȧȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǴȖȌȍȓȐ&Ȑ&(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȘȈȉȖȟȈȧȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǴȖȌȍȓȐ&Ȑ&(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȘȈȉȖȟȈȧȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
DzȖȊȠ Ȍȓȧ șȣȗțȟȐȝ ȔȈȚȍȘȐȈȓȖȊ
3521$5&0(ȗȘȐșȗȖșȖȉȓȍȕȕȣȑ
Ȍȓȧ ȘȈȉȖȚȣ ș ȗȖȋȘțȏȟȐȒȖȔ
/& ȒȖȚȖȘȣȑ ȈȋȘȍȋȐȘțȍȚșȧ ș
ȚȘȈȒȚȖȘȈȔȐ ȔȖȡȕȖșȚȤȦ ȌȖ ȓ
ș
ȊȔȍșȚȐȔȖșȚȤȔñ
ȠȐȘȐȕȈȔ
ȘȈȉȖȟȈȧȋȓțȉȐȕȈȔȔ
ǶȉȢȍȔȕȣȍ ȒȖȊȠȐ &9 Ȑ
&9( ȗȘȐșȗȖșȖȉȓȍȕȕȣȍ Ȍȓȧ
ȗȖȋȘțȏȟȐȒȈ/&
ȊȔȍșȚȐȔȖșȚȤȔñ
ȠȐȘȐȕȈȔ
ȘȈȉȖȟȈȧȋȓțȉȐȕȈȔ
ȊȍșȒȋ
ǴȕȖȋȖȜțȕȒȞȐȖȕȈȓȤȕȣȑ ȒȖȊȠ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
3521$5&:(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȕȖȔȐȕȈȓȤȕȖȍ ȌȈȊȓȍȕȐȍ
ǴǷȈ
ȟȐșȓȖ ȋȐȌȘȖȌȊȐȋȈȚȍȓȍȑ
ȠȚ
ȊȍșȒȋ
DzȖȊȠȐ ȗȘȍȌȕȈȏȕȈȟȍȕȣ
ȌȓȧȗȖȋȘțȏȒȐȐȘȈȏȋȘțȏȒȐșȣȗțȟȐȝ
ȔȈȚȍȘȐȈȓȖȊ Ȋ ȚȖȔ ȟȐșȓȍ ȏȍȔȓȐ
ȋȘȈȊȐȧțȌȖȉȘȍȕȐȑȐȏȍȘȕȈ
DzȖȊȠȐȏȈȝȊȈȚȣ 3521$5 &+&
&+&(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
3521$5&+&&+&(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȋȓțȉȐȕȈȔȔ
ȊȣșȖȚȈȊȏȈȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȊȣșȖȚȈȖȚȒȘȣȚȐȧȔȔ
ȋȓțȉȐȕȈȘȍȏȒȐȔȔ
ȊȍșȒȋ
ȊȍșȒȋ
3521$5&+&&+&(
ȊȔȍșȚȐȔȖșȚȤȔñ
ȘȈȉȖȟȈȧȠȐȘȐȕȈȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
DzȖȊȠȐȏȈȝȊȈȚȣȐșȗȖȓȤȏțȦȚșȧȌȓȧ
ȏȈȋȘțȏȒȐ Ȑȏ ȔȍșȚ șȒȓȈȌȐȘȖȊȈȕȐȧ
șȣȗțȟȐȝ șȍȔȧȕ ȗȍșȒȈ șȓȈȉȖ
șȊȧȏȈȕȕȣȝ ȕȈȊȖȏȈ șȐȓȖșȈ Ȑ ȖȉȢȍȔȕȣȝ ȖȗȐȓȖȒ ȔțșȖȘȈ
ȖȗȈȊȠȐȝ ȓȐșȚȤȍȊ Ȑ ȉȐȖȔȈșșȣ ȔȈȚȍȘȐȈȓȖȊ
ǸȍȏȟȐȒȐșȐȓȖșȈ
ǸȍȏȟȐȒșȐȓȖșȈ:.(șȕȖȎȈȔȐ
ȔȖȕȚȐȘțȍȔȣȔȐ ȕȈ ȗȖșȚȖȧȕȕȖȑ
ȖșȕȖȊȍ
ǸȍȏȟȐȒ șȐȓȖșȈ :.(: șȖ
șȔȍȕȕȣȔȐ ȗȘȐȒȘțȟȐȊȈȍȔȣȔȐ
ȕȖȎȈȔȐ
ȠȐȘȐȕȈȘȍȏȒȐȔ
ȖȉȢȍȔȔñ
ȊȣșȖȚȈȊȖȚȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȊȣșȖȚȈȊȏȈȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȊȣșȖȚȈȖȚȒȘȣȚȐȧȔȔ
ȋȓțȉȐȕȈȘȍȏȒȐȔȔ
ȊȍșȒȋ
ǸȍȏȟȐȒșȐȓȖșȈ:.(șȕȖȎȈȔȐ
ȔȖȕȚȐȘțȍȔȣȔȐ ȕȈ ȗȖșȚȖȧȕȕȖȑ
ȖșȕȖȊȍ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ȠȐȘȐȕȈȘȍȏȒȐȔ
ȖȉȢȍȔȔñ
ȊȣșȖȚȈȊȖȚȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȊȣșȖȚȈȊȏȈȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȊȣșȖȚȈȖȚȒȘȣȚȐȧȔȔ
ȋȓțȉȐȕȈȘȍȏȒȐȔȔ
ȊȍșȒȋ
ǸȍȏȟȐȒȐ șȐȓȖșȈ
ȗȘȍȌȕȈȏȕȈȟȍȕȣ Ȍȓȧ ȊȣȘȍȏȈȕȐȧ
șȐȓȖșȈȐșȍȕȖșȐȓȖșȈȐȏșȐȓȖșȕȣȝ
ȗȘȐȏȔ Ȑ ȚȘȈȕșȗȖȘȚȐȘȖȊȒȐ
ȉȓȖȒȖȊ Ȓ ȔȍșȚț ȒȖȘȔȍȎȒȐ
ȐȓȐ ȊȣȋȘțȏȒȐ Ȋ ȚȘȈȕșȗȖȘȚȕȖȍ
șȘȍȌșȚȊȖ ǸȍȏȟȐȒ șȐȓȖșȈ șȖșȚȖȐȚ
Ȑȏ ȘȈȔȣ ȕȈ ȒȖȚȖȘȖȑ ȕȈȝȖȌȧȚșȧ
ȋȖȘȐȏȖȕȚȈȓȤȕȣȍ ȏțȉȞȣ Dz ȘȈȔȍ
ș ȗȖȔȖȡȤȦ ȠȚȐȜȚȖȊ ȒȘȍȗȐȚșȧ
ȘȍȏȈȒ ȒȖȚȖȘȣȑ ȖȚȒȘȣȊȈȍȚșȧ Ȑ
ȏȈȒȘȣȊȈȍȚșȧ ș ȗȖȔȖȡȤȦ ȌȊțȝ
ȋȐȌȘȈȊȓȐȟȍșȒȐȝȞȐȓȐȕȌȘȖȊ
ǪȐȓȣȌȓȧȕȈȊȖȏȈ ǴȖȌȍȓȐ:2Ȑ:2
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǴȖȌȍȓȐ:2Ȑ:2
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǴȖȌȍȓȤ:2(
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔ
ȊȍșȒȋ
ǪȐȓȣ ȐșȗȖȓȤȏțȦȚșȧ
Ȍȓȧ ȗȖȋȘțȏȒȐ ȕȍ ȚȖȓȤȒȖ ȕȈȊȖȏȈ
ȕȖ ȚȈȒȎȍ ȒȖȔȗȖșȚȈ Ȑ ȗȖȔȍȚȈ
ǰȝ ȋȖȘȐȏȖȕȚȈȓȤȕȣȍ ȏțȉȞȣ
ȗȘȐȒȘțȟȐȊȈȦȚșȧ Ȓ ȕȐȎȕȍȑ ȉȈȓȒȍ
ȘȈȔȣǪȐȓȣȠȐȘȐȕȖȑȔȐȔȍȦȚ
ȋȖȘȐȏȖȕȚȈȓȤȕȣȝȏțȉȞȖȊȈȊȐȓȣ
ȠȐȘȐȕȖȑȔ±ȏțȉȞȖȊ
ǿȍȓȦșȚȐ Ȍȓȧ ȕȈȊȖȏȈ ș șȐșȚȍȔȖȑ
ȏȈȝȊȈȚȈ ȚȐȗȈ ÄȒȘȖȒȖȌȐȓ´ ȚȘȐ
ȘȈȉȖȟȐȍȊȍȘșȐȐ
ǴȖȌȍȓȤ &2( ș ȖȌȕȐȔ
ȋȐȌȘȈȊȓȐȟȍșȒȐȔȞȐȓȐȕȌȘȖȔ
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔ
ȊȍșȒȋ
ǴȖȌȍȓȐ&2Ȑ&2șȖȌȕȐȔ
ȋȐȌȘȈȊȓȐȟȍșȒȐȔȞȐȓȐȕȌȘȖȔ
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔȔ
ȊȣșȖȚȈȊȖȚȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǴȖȌȍȓȐ &2 Ȑ &2 ș ȌȊțȔȧ
ȋȐȌȘȈȊȓȐȟȍșȒȐȔȐȞȐȓȐȕȌȘȈȔȐ
ǭǮǭDzǪǨǸǺǨdzȄǵǰDz3521$5ȹ
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔȔ
ȊȣșȖȚȈȊȖȚȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǴȖȌȍȓȐ &2 Ȑ &2 ș ȌȊțȔȧ
ȋȐȌȘȈȊȓȐȟȍșȒȐȔȐȞȐȓȐȕȌȘȈȔȐ
ȠȐȘȐȕȈȔ
ȊȣșȖȚȈȔȔ
ȊȣșȖȚȈȊȖȚȒȘȣȚȖȔșȖșȚȖȧȕȐȐ
ȔȔ
ȋȓțȉȐȕȈȔȔ
ȊȍșȒȋ
ǿȍȓȦșȚȐ Ȍȓȧ ȕȈȊȖȏȈ
ȐșȗȖȓȤȏțȦȚșȧȚȈȒȎȍȌȓȧȗȖȋȘțȏȒȐ
ȒȖȔȗȖșȚȈ Ȑ ȗȖȔȍȚȈ ǵȈ ȕȐȎȕȍȑ
ȘȈȔȍ ȕȈȝȖȌȧȚșȧ ȋȖȘȐȏȖȕȚȈȓȤȕȣȍ
ȏțȉȞȣ Dz ȕȍȑ ȒȘȍȗȐȚșȧ ȖȚȒȐȌȕȈȧ
ȘȈȔȈ ș ȊȍȘȚȐȒȈȓȤȕȣȔȐ ȏțȉȞȈȔȐ
ȍȍ ȖȚȒȘȣȚȐȍ Ȑ ȏȈȒȘȣȚȐȍ
ȗȘȖȐșȝȖȌȐȚ ȏȈ șȟȍȚ ȘȈȉȖȚȣ ȌȊțȝ
ȋȐȌȘȈȊȓȐȟȍșȒȐȝȞȐȓȐȕȌȘȖȊȓȐȉȖ
ȖȌȕȖȋȖȊȏȈȊȐșȐȔȖșȚȐȖȚȔȖȌȍȓȐ
ǿȍȓȦșȚȐȌȓȧȕȈȊȖȏȈȠȐȘȐȕȖȑ
Ȕ ȐȔȍȦȚ ȋȖȘȐȏȖȕȚȈȓȤȕȣȝ Ȑ
ȊȍȘȚȐȒȈȓȤȕȣȝ ȏțȉȞȖȊ Ȉ ȟȍȓȦșȚȐ
ȠȐȘȐȕȖȑȔ±ȋȖȘȐȏȖȕȚȈȓȤȕȣȝ
ȐȊȍȘȚȐȒȈȓȤȕȣȝȏțȉȞȖȊ
ǸȍȋțȓȐȘțȍȔȣȍ ȊȐȓȣ Ȍȓȧ
ȗȖȌȌȖȕȖȊ
ǴȖȌȍȓȐ:3Ȑ:3
ȠȐȘȐȕȈȔȔ
ȊȣșȖȚȈȔȔ
ȋȓțȉȐȕȈȏȈȝȊȈȚȈȊȐȓȔȔ
ȊȍșȒȋ
ȌȐȈȗȈȏȖȕ ȘȈȏȌȊȐȎȍȕȐȧ
ȏȈȝȊȈȚȖȊ ȐȏȔȍȘȧȍȔȣȑ ȖȚ
șȍȘȍȌȐȕȣ ȏȈȝȊȈȚȈ
ȔȔ
ȋȘțȏȖȗȖȌȢȍȔȕȖșȚȤȏȈȝȊȈȚȖȊȊ
ȞȍȕȚȘȍȚȧȎȍșȚȐȒȋ
ǸȍȋțȓȐȘțȍȔȣȍ ȊȐȓȣ Ȍȓȧ
ȗȖȌȌȖȕȖȊ :3 ȈȋȘȍȋȐȘțȍȔȣȍ
ș șȈȔȣȔ ȉȖȓȤȠȐȔ ȗȖȋȘțȏȟȐȒȖȔ
ȜȐȘȔȣ3URQDU/&
ȠȐȘȐȕȈȔȔ
ȊȣșȖȚȈȔȔ
ȋȓțȉȐȕȈȏȈȝȊȈȚȈȊȐȓȔȔ
ȊȍșȒȋ
ȌȐȈȗȈȏȖȕ ȘȈȏȌȊȐȎȍȕȐȧ
ȏȈȝȊȈȚȖȊ ȐȏȔȍȘȧȍȔȣȑ ȖȚ
șȍȘȍȌȐȕȣ ȏȈȝȊȈȚȈ
ȔȔ
ȋȘțȏȖȗȖȌȢȍȔȕȖșȚȤ ȏȈȝȊȈȚȖȊ
Ȓȋ
ǪȐȓȣ Ȍȓȧ ȗȖȌȌȖȕȖȊ
șȓțȎȈȚȌȓȧȗȖȋȘțȏȒȐȐȘȈȏȋȘțȏȒȐ
ȗȖȌȌȖȕȖȊ Ȑ ȧȡȐȒȖȊ Ȉ ȚȈȒȎȍ
ȉȘȍȊȍȕ ȗȘȐ ȐșȗȖȓȤȏȖȊȈȕȐȐ
șȗȍȞȐȈȓȤȕȖȋȖ ȏȈȝȊȈȚȈ Ȍȓȧ
ȉȘȍȊȍȕ ǫȓȈȊȕȣȑ ȥȓȍȔȍȕȚ
ȊȐȓ ± ȘȈȔȈ ǵȈ ȕȍȑ ȒȘȍȗȧȚșȧ
ȌȊȈ ȘȈȏȌȊȐȎȕȣȝ ȏȈȝȊȈȚȈ
ǷȖșȓȍ ȘȈȏȉȓȖȒȐȘȖȊȒȐ ȘȣȟȈȋȈ