458259
10
Zoom out
Zoom in
Vorherige Seite
1/42
Nächste Seite
0RWRUROD'
'LJLWDOH'UDDGOR]H7HOHIRRQ
9RRU'''HQ'
:DDUVFKXZLQJ
'HKDQGVHWYyyUJHEUXLNXXURSODGHQ
 $OOHKDQGVHWV]LMQYROOHGLJGUDDGORRVRPRYHUDOELQQHQEHUHLNJHEUXLNWWHZRUGHQ
 7HOHIRRQERHNYRRUQDPHQHQQXPPHUV
 /XLGVSUHNHUWHOHIRRQYRRUKDQGHQYULMWHOHIRQHUHQ
 1XPPHUZHHUJDYH&DOOHU,'JHHIWDDQZLHEHOWHQWRRQWJHJHYHQVYDQGHODDWVWHEHOOHUVLQHHQ
%HOOLMVW
 +HUKDDOIXQFWLHYRRUGHODDWVWHJHEHOGHQXPPHUV
 0D[LPDDOKDQGVHWRSHHQEDVLVVWDWLRQDDQPHOGHQHQHONHKDQGVHWRSPD[LPDDOYHUVFKLOOHQGH
EDVLVVWDWLRQVDDQPHOGHQ
 ,QWHUQHJHVSUHNNHQYRHUHQHQJHVSUHNNHQGRRUVFKDNHOHQWXVVHQKDQGVHWV
 .LHVXLWYHUVFKLOOHQGHEHOWRQHQYRRULQWHUQHHQH[WHUQHJHVSUHNNHQHQYRRUQXPPHUVGLH
RSJHVODJHQ]LMQLQKHWWHOHIRRQERHN
'H]HIXQFWLHLVDOOHHQEHVFKLNEDDUDOVXJHDERQQHHUGEHQWRSQXPPHUZHHUJDYHRIZLVVHOJHVSUHNELMXZ
WHOHFRPOHYHUDQFLHU0RJHOLMN]LMQKLHUNRVWHQDDQYHUERQGHQ
'H]HDSSDUDWXXUNDQWLMGHQVVWURRPVWRULQJHQQLHWJHEUXLNWZRUGHQYRRUKHWEHOOHQQDDUKXOSGLHQVWHQ(UPRHWHQDQGHUH
FRPPXQLFDWLHPRJHOLMNKHGHQEHVFKLNEDDU]LMQRPWLMGHQVQRRGJHYDOOHQWHEHOOHQ
+XOSQRGLJ"
0RFKWXSUREOHPHQKHEEHQPHWKHWLQVWDOOHUHQYDQXZQLHXZH'QHHPGDQFRQWDFWRSPHW.ODQWHQVHUYLFH
YLD
0RJHOLMNNXQWXRRNDQWZRRUGHQRSXZYUDJHQYLQGHQLQGH+XOSVHFWLHYDQGH]HJLGV
:HONRP
'LWLVXZQLHXZH0RWRUROD''LJLWDO&RUGOHVV7HOHIRRQ
%(/$1*5,-.
*HEUXLNXLWVOXLWHQGGHPHHJHOHYHUGHWHOHIRRQNDEHO
'H]HDSSDUDWXXUNDQWLMGHQVVWURRPVWRULQJHQQLHWJHEUXLNWZRUGHQYRRUKHWEHOOHQQDDU
KXOSGLHQVWHQ(UPRHWHQDQGHUHFRPPXQLFDWLHPRJHOLMNKHGHQEHVFKLNEDDU]LMQRPWLMGHQV
QRRGJHYDOOHQWHEHOOHQ
,VDOOHVDDQZH]LJ"
 'KDQGVHW
 'EDVLVVWDWLRQ
 [RSODDGEDUH1L0+EDWWHULMHQ
 9RHGLQJVDGDSWHUYRRUKHWEDVLVVWDWLRQ
 7HOHIRRQVQRHU
,QGLHQXGH'PXOWLSDFNXLWYRHULQJKHEWJHNRFKW]LMQRRNGHYROJHQGHRQGHUGHOHQ
JHOHYHUG
 'KDQGVHWRSODGHU
 [RSODDGEDUH1L0+EDWWHULMHQ
 9RHGLQJVDGDSWHUYRRUGHRSODGHU
'H]H*HEUXLNHUVKDQGOHLGLQJKHHIWDOOHLQIRUPDWLH
GLHXQRGLJKHEWRPDOOHIXQFWLHVYDQXZWHOHIRRQWHJHEUXLNHQ
9RRUGDWXGHWHOHIRRQNXQWJHEUXLNHQPRHWHQHQNHOHLQVWHOOLQJHQ
JHPDDNWZRUGHQ
9ROJGHDDQZLM]LQJLQµ%HJLQQHQRSGHQDYROJHQGHEODG]LMGHQ
 %HJLQQHQ 
 2YHU]LFKWYDQXZWHOHIRRQ 
 'HWHOHIRRQJHEUXLNHQ 
 'HKDQGVHWDDQXLWVFKDNHOHQ  
 *HVSUHNNHQ  
 7HOHIRQHUHQ 
 9RRUEHUHLGLQJ 
 *HVSUHNEHsLQGLJHQ
 (HQJHVSUHNDDQQHPHQ
 9ROXPHYDQGHKRRUQOXLGVSUHNHUELMVWHOOHQ 
 3ULYp 
 ,QWHUFRP 
 (HQLQWHUQJHVSUHNYRHUHQ 
 (HQLQWHUQJHVSUHNDDQQHPHQ 
 (HQJHVSUHNGRRUVFKDNHOHQ 
 ZHJYHUJDGHUJHVSUHN  
 +DQGHQYULMOXLGVSUHNHUWHOHIRRQ  
 +DQGHQYULMWHOHIRQHUHQ
 +DQGHQYULMHHQJHVSUHNDDQQHPHQ  
 +DQGHQYULMHHQJHVSUHNRYHUQHPHQ  
 +HUKDOHQ  
 (HQQXPPHULQGHOLMVWEHNLMNHQ
RIEHOOHQ  
 (HQQXPPHUYDQGHKHUKDDOOLMVW
RSVODDQLQKHWWHOHIRRQERHN
 (HQQXPPHUZLVVHQ  
 'HJHKHOHKHUKDDOOLMVWZLVVHQ 
 7RHWVHQSDQHHOYHUJUHQGHOHQRQWJUHQGHOHQ
 3DJLQJ+DQGVHW]RHNHQ 
 7HOHIRRQERHN  
 (HQQDDPHQQXPPHURSVODDQ 
 (HQQXPPHUEHNLMNHQRIEHOOHQ 
 (HQQDDPHQQXPPHUEHZHUNHQ 
 (HQQXPPHUZLVVHQ 
 +DQGVHWLQVWHOOLQJHQ  
 +DQGVHWEHOYROXPH
 +DQGVHWEHOPHORGLH
 $XWRPDWLVFKEHDQWZRRUGHQ 
 +DQGVHWQDDP 
 7DDO
 7RHWVWRRQ
 $ODUPWRRQ]ZDNNHEDWWHULM 
 %XLWHQEHUHLNDODUPWRRQ
 7RHWVHQSDQHHOYHUJUHQGHOHQPHWPHQX
 ,QVWHOOLQJHQEDVLVVWDWLRQ 
 %HOYROXPHEDVLVVWDWLRQ
 %HOPHORGLHEDVLVVWDWLRQ
 0DVWHU3,1YHUDQGHUHQ 
 .LHVPRGXV
 )ODVKPRGXV
 6WDQGDDUGLQVWHOOLQJHQKHUVWHOOHQ 
 6WDQGDDUGLQVWHOOLQJYRRUQRRGJHYDOOHQ
 (FRPRGXV 
 6WDQGDDUGLQVWHOOLQJHQ
 .ORNDODUP  
 ,QVWHOOHQYDQGHGDWXP  
 ,QVWHOOHQYDQGHWLMG 
 $ODUPLQVWHOOHQ
 $ODUPWRRQXLWVFKDNHOHQ 
 1XPPHUZHHUJDYH&DOOHU,'HQ%HOOLMVW  
 1XPPHUZHHUJDYH&DOOHU,' 
 %HOOLMVW  
 'HEHOOLMVWRSHQHQ
 (HQQXPPHULQGHEHOOLMVWEHOOHQ
 (HQQXPPHULQGHEHOOLMVWLQKHW
WHOHIRRQERHNRSVODDQ 
 (HQQXPPHUZLVVHQ 
 'HJHKHOHEHOOLMVWZLVVHQ 
 ([WUDKDQGVHWVJHEUXLNHQ  
 ([WUDKDQGVHWDDQPHOGHQ  
 $DQPHOGHQELMGH'YDQHHQKDQGVHW
YDQHHQDQGHUHIDEULNDQW
 6HOHFWHHUHHQEDVLVVWDWLRQ  
 (HQKDQGVHWDIPHOGHQ 
 +XOS  
 $OJHPHQHLQIRUPDWLH  
%HJLQQHQ
%HJLQQHQ
:$$56&+8:,1*
3ODDWVXZ'QLHWHHQHHQEDGNDPHURIDQGHUHYRFKWLJH
RPJHYLQJ
3ODDWVLQJ
3ODDWVXZ'ELQQHQPHWHUYDQHHQVWRSFRQWDFWHQ
WHOHIRRQDDQVOXLWSXQWELQQHQEHUHLNYDQGHVQRHUHQ3ODDWV
KHWWRHVWHO]RGDQLJGDWKHWVWRSFRQWDFWJRHGWRHJDQNHOLMNLV
3ODDWVKHWWRHVWHOPLQVWHQVPHWHUXLWGHEXXUWYDQDQGHUH
HOHFWULVFKHDSSDUDWXXURPVWRULQJHQWHYRRUNRPHQ8Z'
ZHUNWPHWUDGLRVLJQDOHQWXVVHQKDQGVHWHQEDVLVVWDWLRQ'H
NUDFKWYDQKHWVLJQDDOLVDIKDQNHOLMNYDQGHSODDWVLQJYDQKHW
EDVLVVWDWLRQ3ODDWVKHWWRHVWHORSHHQKRJHSODDWVRPKHW
EHVWHVLJQDDOWHYHU]HNHUHQ
%(5(,.9$1+$1'6(7
+HWWRHVWHOKHHIWHHQEHUHLNYDQPD[LPDDOPHWHU
EXLWHQVKXLVDOVHUHHQUHFKWHOLMQLVWXVVHQKHWEDVLVVWDWLRQ
HQGHKDQGVHW+HWEHUHLNLVDDQ]LHQOLMNPLQGHUDOVHU
REVWDNHOV]LMQWXVVHQKHWEDVLVVWDWLRQHQGHKDQGVHW$OVKHW
EDVLVVWDWLRQELQQHQVKXLVVWDDWHQGHKDQGVHWZRUGWELQQHQ
RIEXLWHQJHEUXLNWLVKHWEHUHLNRQJHYHHUPHWHU'LNNH
PXUHQYDQVWHHQRIEHWRQNXQQHQKHWEHUHLNDDQ]LHQOLMN
YHUPLQGHUHQ
6,*1$$/67(5.7(
'H LQGLFDWRURSXZKDQGVHWJHHIWDDQGDWXELQQHQKHW
EHUHLNYDQKHWEDVLVVWDWLRQEHQW'H NQLSSHUWDOVXEXLWHQ
EHUHLNYDQKHWEDVLVVWDWLRQEHQW$OVXGHWHOHIRRQJHEUXLNW
KRRUWXHHQZDDUVFKXZLQJVWRRQ
'HYHUELQGLQJZRUGWYHUEURNHQDOVGHKDQGVHWEXLWHQEHUHLN
NRPWYDQKHWEDVLVVWDWLRQ*DGLFKWHUELMKHWEDVLVVWDWLRQ
VWDDQ'HKDQGVHW]DOGHYHUELQGLQJPHWKHWEDVLVVWDWLRQ
DXWRPDWLVFKKHUVWHOOHQ
,QVWHOOLQJHQ
%(/$1*5,-.
+HWEDVLVVWDWLRQPRHWDOWLMGRSKHWVWRSFRQWDFW]LMQ
DDQJHVORWHQ+HWWHOHIRRQVQRHUQLHWRSGH
WHOHIRRQDDQVOXLWLQJDDQVOXLWHQWRWGDWGHKDQGVHWYROOHGLJLV
RSJHODGHQ*HEUXLNXLWVOXLWHQGGHYRHGLQJVDGDSWHUHQKHW
WHOHIRRQVQRHUGLHPHHJHOHYHUG]LMQ
:(/.(92(',1*6$'$37(5"
'HYRHGLQJVDGDSWHUPHWGHGRRU]LFKWLJHVWHNNHULVYRRUKHW
EDVLVVWDWLRQHQGHYRHGLQJVDGDSWHUPHWGHURGHVWHNNHULV
YRRUGHRSODGHUDOOHHQYRRUPXOWLSDFNXLWYRHULQJHQ
%HJLQQHQ
+HWEDVLVVWDWLRQDDQVOXLWHQ

6OXLWGHWHOHIRRQNDEHODDQRSGHJHPDUNHHUGLQJDQJ
DDQGHRQGHUNDQWYDQKHWEDVLVVWDWLRQ

6OXLWGHYRHGLQJVDGDSWHUPHWGHGRRU]LFKWLJHVWHNNHU
DDQRSGHJHPDUNHHUGHLQJDQJ
DDQGHRQGHUNDQW
YDQKHWEDVLVVWDWLRQHQVOXLWKHWDQGHUHHLQGRSKHW
VWRSFRQWDFWDDQ6FKDNHOGHYRHGLQJLQ
'HKDQGVHWLQVWDOOHUHQHQRSODGHQ

9HUZLMGHUGHNOHSYDQGHEDWWHULMKRXGHUDDQGH
DFKWHUNDQWYDQGHKDQGVHWHQSODDWVGHPHHJHOHYHUGH
RSODDGEDUH1L0+EDWWHULMFHOOHQLQGHKRXGHU/HWRSGH
¶¶HQ¶¶PDUNHULQJHQELQQHQLQGHEDWWHULMKRXGHUELMKHW
SODDWVHQYDQGHEDWWHULMFHOOHQ

6OXLWYHUYROJHQVGHNOHSYDQGHEDWWHULMKRXGHU

$OVXGHEDWWHULMHQYRRUGHHHUVWHNHHUJHEUXLNWPRHWGH
KDQGVHWPLQLPDDOXXURQDIJHEURNHQRSKHW
EDVLVVWDWLRQRSJHODGHQZRUGHQ

$OVGHKDQGVHWYROOHGLJJHODGHQLVYHUVFKLMQWGH
LQGLFDWRURSKHWGLVSOD\6OXLWKHWDQGHUHHLQGYDQGH
WHOHIRRQNDEHODDQRSGHWHOHIRRQDDQVOXLWLQJLQGHPXXU
]RUJHUYRRUGDWKHWDQGHUHHLQGYDQGHNDEHODORSKHW
EDVLVVWDWLRQLVDDQJHVORWHQ
'HKDQGVHWHQRSODGHUDDQVOXLWHQ
DOOHHQYRRUPXOWLSDFNXLWYRHULQJHQ
$OVXHHQXLWUXVWLQJPHWPHHUGHUHWRHWVWHOOHQKHEWJHNRFKW
GDQGLHQWXGH]HKDQGHOLQJHQYRRUDOOHKDQGVHWVHQ
RSODGHUVXLWWHYRHUHQ

6OXLWGHYRHGLQJVDGDSWHUPHWGHURGHVWHNNHUDDQRSGH
JHPDUNHHUGHLQJDQJ DDQGHRQGHUNDQWYDQGH
RSODGHUHQVOXLWKHWDQGHUHHLQGRSKHWVWRSFRQWDFWDDQ
%HJLQQHQ

9HUZLMGHUGHNOHSYDQGHEDWWHULMKRXGHUDDQGH
DFKWHUNDQWYDQGHKDQGVHWHQSODDWVGH$$$1L0+
RSODDGEDUHEDWWHULMHQLQGHKRXGHU/HWRSGH¶¶HQ¶¶
PDUNHULQJHQELQQHQLQGHEDWWHULMKRXGHUELMKHWSODDWVHQ
YDQGHEDWWHULMFHOOHQ

6OXLWYHUYROJHQVGHNOHSYDQGHEDWWHULMKRXGHU

$OVXGHEDWWHULMHQYRRUGHHHUVWHNHHUJHEUXLNWPRHWGH
KDQGVHWPLQLPDDOXXURQDIJHEURNHQRSGHRSODGHU
RSJHODGHQZRUGHQ

$OVGHKDQGVHWYROOHGLJJHODGHQLVYHUVFKLMQWGH
LQGLFDWRURSKHWGLVSOD\
+HWGLVSOD\WRRQWGHWLMGHQKHWQXPPHUYDQGHKDQGVHW
EYRPDDQWHJHYHQGDWKHWWRHVWHORSKHW
EDVLVVWDWLRQLVDDQJHPHOG
%(/$1*5,-.
:DDUVFKXZLQJ*HEUXLNXLWVOXLWHQGGHJRHGJHNHXUGH
RSODDGEDUH1L0+EDWWHULMFHOOHQ[$$$1L0+P$
RSODDGEDUHEDWWHULMHQGLHPHWXZ']LMQPHHJHOHYHUG
23/$$':$$56&+8:,1*
$OVGH LQGLFDWRURSKHWGLVSOD\NQLSSHUWHQXWLMGHQVHHQ
JHVSUHNHONHPLQXXWHHQZDDUVFKXZLQJVWRRQKRRUWPRHWGH
KDQGVHWRSJHODGHQZRUGHQYRRUGDWXKHWWRHVWHOZHHUNXQW
JHEUXLNHQ
7LMGHQVKHWRSODGHQJDDWGH LQGLFDWRURSKHWGLVSOD\
VFUROOHQ
%$77(5,-9(502*(1
,QRSWLPDOHRPVWDQGLJKHGHQELHGHQYROOHGLJRSJHODGHQ
EDWWHULMHQPD[LPDDOXXUVSUHHNWLMGHQXXUVWDQGE\
WLMG
1LHXZHEDWWHULMHQNULMJHQKXQRSWLPDOHYHUPRJHQQDGDW]H
HQNHOHGDJHQQRUPDDOJHEUXLNW]LMQ
+HWRSODDGYHUPRJHQYDQRSODDGEDUHEDWWHULMHQYHUPLQGHUW
QDYHUORRSYDQWLMGZDDUGRRUGHVSUHHNVWDQGE\WLMGYDQGH
KDQGVHWYHUPLQGHUW8LWHLQGHOLMNPRHWHQGHEDWWHULMHQ
ZRUGHQYHUYDQJHQ
1DGDWGHKDQGVHWGHHHUVWHNHHULVRSJHODGHQLVGH
RSODDGWLMGYHUYROJHQVRQJHYHHUXXUSHUGDJ'H
EDWWHULMHQHQGHKDQGVHWNXQQHQWLMGHQVKHWRSODGHQZDUP
ZRUGHQ'LWLVHFKWHUQRUPDDO
$OOHVSUHHNHQVWDQGE\WLMGHQ]LMQELMEHQDGHULQJHQ
DIKDQNHOLMNYDQGHJHNR]HQIXQFWLHVHQJHEUXLNYDQGH
KDQGVHW
%HJLQQHQ
'LVSOD\WDDO
'HGLYHUVHLQVWUXFWLHVLQKHWGLVSOD\NXQQHQLQGLYHUVHWDOHQ
ZHHUJHJHYHQZRUGHQ$OVYROJWVWHOWXGHJHZHQVWHWDDOLQ

'UXNRSPEODGHUPHWGQDDU
+$1'6(7
HQGUXNRS
P

%ODGHUPHWGQDDU
/$1*8$*(
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHUGHJHZHQVWHWDDOHQGUXN
RS
PRPWHEHYHVWLJHQ
'DWXPHQWLMG
$OVXJHDERQQHHUGEHQWRSQXPPHUZHHUJDYHGDW
JHEDVHHUGLVRSKHW)6.V\VWHHPGDQZRUGHQGHGDWXPHQ
WLMGHONHNHHUDXWRPDWLVFKLQJHVWHOGZDQQHHUXRSJHEHOG
ZRUGW
$OVXQLHWJHDERQQHHUGEHQWRSQXPPHUZHHUJDYHNXQWXGH
GDWXPHQWLMG]HOILQVWHOOHQ
,QVWHOOHQYDQGDWXP

'UXNRSPEODGHUGQDDU
'$7807,-'
HQGUXNRS
P
+HWGLVSOD\WRRQW
'$780,167


'UXNRSPRPWHVHOHFWHUHQ

9RHUGHGDWXPLQEYIRUDXJXVWXVHQGUXN
RS
PRPWHEHYHVWLJHQ
,QVWHOOHQYDQGHWLMG

'UXNRSPEODGHUGQDDU
'$7807,-'
HQGUXNRS
P

%ODGHUGQDDU
7,-',167(//
HQGUXNRSP

9RHUGHWLMGLQKHWXXUIRUPDDWLQEYYRRU
SPHQGUXNRS
PRPWHEHYHVWLJHQ
8Z'LVQXNODDUYRRUJHEUXLNW
 2YHU]LFKWYDQXZWHOHIRRQ
2YHU]LFKWYDQXZWHOHIRRQ
2YHU]LFKWYDQXZKDQGVHW
$ +RRUQOXLGVSUHNHU
% 'LVSOD\
=LHEODG]LMGH YRRUHHQRYHU]LFKWYDQGHLQGLFDWRUVRSKHW
GLVSOD\
& 6SUHNHQ(LQGHJHVSUHN
,QGUXNNHQRPWHEHOOHQHHQRSURHSWHEHDQWZRRUGHQHQHHQ
JHVSUHNWHEHsLQGLJHQEODG]LMGH 
' 0HQX2.
,QGUXNNHQRPKHW0HQXWHRSHQHQEODG]LMGH 
,QGUXNNHQYRRUPHQXNHX]HVHQGHJHWRRQGNHX]HWH
EHYHVWLJHQ
( +HUKDOHQ+RJHU
,QGHVWDQGE\PRGXVLQGUXNNHQRPGHKHUKDDOOLMVWWH
RSHQHQEODG]LMGH 
,QGUXNNHQRPWLMGHQVHHQJHVSUHNKHWYROXPHYDQGH
KRRUQOXLGVSUHNHUWHYHUKRJHQEODG]LMGH 
,QGUXNNHQELMHHQLQNRPHQGJHVSUHNRPKHWEHOWRRQYROXPH
YDQGHKDQGVHWWHYHUKRJHQEODG]LMGH 
,QGUXNNHQRPGRRUKHWPHQXGHKHUKDDOOLMVWGHEHOOLMVWHQ
KHWWHOHIRRQERHNWHEODGHUHQ
) %HOOLMVW/DJHU
,QGHVWDQGE\PRGXVLQGUXNNHQRPGHEHOOLMVWWHRSHQHQ
EODG]LMGH 
,QGUXNNHQRPWLMGHQVHHQJHVSUHNKHWYROXPHYDQGH
KRRUQOXLGVSUHNHUWHYHUODJHQEODG]LMGH 
,QGUXNNHQELMLQNRPHQGJHVSUHNRPKHWEHOWRRQYROXPHYDQ
GHKDQGVHWWHYHUODJHQEODG]LMGH 
,QGUXNNHQRPGRRUKHWPHQXGHKHUKDDOOLMVWGHEHOOLMVWHQ
KHWWHOHIRRQERHNWHEODGHUHQ
2YHU]LFKWYDQXZWHOHIRRQ 
* ,QWHUFRP
:RUGWJHEUXLNWYRRULQWHUQHJHVSUHNNHQHQRPJHVSUHNNHQ
GRRUWHYHUELQGHQQDDUDQGHUH'KDQGVHWVGLHDDQJHPHOG
]LMQELMKHWEDVLVVWDWLRQEODG]LMGH 
+ )ODVKWLMG9RHGLQJDDQXLW
*HEUXLNPHWWHOHIRRQFHQWUDOH3$%;HQHQNHOHDQGHUH
QHWZHUNGLHQVWHQ
,QJHGUXNWKRXGHQRPGHKDQGVHWDDQXLWWHVFKDNHOHQ
EODG]LMGH 
, 7RHWVHQVORW
,QJHGUXNWKRXGHQRPKHWWRHWVHQSDQHHOWHYHUJUHQGHOHQ
EODG]LMGH 
'UXNRSHONHZLOOHNHXULJHWRHWVHQYROJGHDDQZLM]LQJHQRSKHW
VFKHUPRPKHWWRHWVHQSDQHHOWHRQWJUHQGHOHQ
- +DQGHQYULMOXLGVSUHNHUWHOHIRRQ
,QGUXNNHQRPWLMGHQVHHQJHVSUHNGHIXQFWLHKDQGHQYULMDDQ
HQXLWWHVFKDNHOHQEODG]LMGH 
. 7HOHIRRQERHN$IVOXLWHQ
,QGHVWDQGE\PRGXVLQGUXNNHQRPKHWPHQXYRRUKHW
WHOHIRRQERHNWHRSHQHQEODG]LMGH 
,QGUXNNHQQDJHEUXLNYDQGHKHUKDDOEHOOLMVWRIQDEHZHUNLQJ
YDQJHJHYHQVRPWHUXJWHNHUHQQDDUVWDQGE\
/ 3ULYp:LVVHQ7HUXJ
7LMGHQVHHQJHVSUHNLQGUXNNHQRP3ULYpDDQXLWWH
VFKDNHOHQEODG]LMGH 
,QPHQXPRGXVLQGUXNNHQRPWHUXJWHNHUHQQDDUKHWYRULJH
PHQXRILQJHGUXNWKRXGHQRPWHUXJWHNHUHQQDDUVWDQGE\
2POHWWHUVRIFLMIHUVWHZLVVHQWLMGHQVKHWLQYRHUHQYDQ
JHJHYHQV
,QGUXNNHQELMJHEUXLNYDQGHKHUKDDOEHOOLMVWRPGH
JHJHYHQVWHZLVVHQRILQJHGUXNWKRXGHQRPDOOHJHJHYHQV
WHZLVVHQ
+DQGVHW/&'GLVSOD\
'LVSOD\LQGLFDWRUV
.QLSSHUWWLMGHQVHHQLQNRPHQGHH[WHUQHRSURHS
([WHUQJHVSUHNEH]LJ
.QLSSHUWWLMGHQVHHQLQNRPHQGHLQWHUQHRSURHS
,QWHUQJHVSUHNEH]LJ
%DWWHULM
VWDWXV
%HZHHJW
WLMGHQVKHW
RSODGHQ
(FRPRGXV
&LUNHORP
YHUVFKLMQW
DOVGH(FR
PRGXVRS
$$1VWDDW
7LMGRIKDQGVHWQDDP
,QGHVWDQGE\PRGXV
LQJHGUXNWKRXGHQRPKHW
GLVSOD\YDQKDQGVHWWHVFKDNHOHQWXVVHQ
KDQGVHWQDDPHQWLMG
 2YHU]LFKWYDQXZWHOHIRRQ
ZHJJHVSUHNEH]LJRIGRRUVFKDNHOHQYDQHHQ
H[WHUQHRSURHSQDDUHHQDQGHUH'KDQGVHWGLHELM
KHWEDVLVVWDWLRQLVDDQJHPHOG
(FRPRGXVLV$$1
.QLSSHUWDOVQLHXZHYRLFHPDLOLVELQQHQJHNRPHQ8LW
DOVHUJHHQYRLFHPDLOLVELQQHQJHNRPHQ
*HHIWGHVLJQDDOVWHUNWHDDQ
.QLSSHUWDOVGHKDQGVHWQLHWELMKHWEDVLVVWDWLRQLV
DDQJHPHOGRIZDQQHHUXEXLWHQEHUHLNNRPW
+DQGHQYULMHPRGXVLV$$1
0HQXLVJHRSHQHG
7HOHIRRQERHNLVJHRSHQG
.QLSSHUWDOVQLHXZHJHJHYHQVDDQGHEHOOLMVW]LMQ
WRHJHYRHJG
%HDQWZRRUGJHVSUHNELMKHWEHNLMNHQYDQGH%HOOLMVW
2QEHDQWZRRUGJHVSUHNELMKHWEHNLMNHQYDQGH
%HOOLMVW
7RHWVHQSDQHHOLVYHUJUHQGHOG
*HWRRQGHQXPPHULVODQJHUGDQFLMIHUV
+HWVSDQQLQJVQLYHDXYDQGHEDWWHULMHQLVELMEHQDGHULQJDOV
YROJWDDQJHJHYHQ
 'HEDWWHULMLVJHODGHQ
'HEDWWHULMLVJHGHHOWHOLMNJHODGHQ
'HEDWWHULMLVELMQDOHHJ
.QLSSHUWDOVGHEDWWHULMELMQDYROOHGLJHJHODGHQLV
'H]HIXQFWLHLVDOOHHQEHVFKLNEDDUDOVXJHEUXLNPDDNWYDQ
QXPPHUZHHUJDYH&DOOHU,'VHUYLFHYDQXZ
WHOHFRPOHYHUDQFLHU0RJHOLMN]LMQKLHUNRVWHQDDQ
YHUERQGHQ
2YHU]LFKWYDQKHWEDVLVVWDWLRQ
2YHU]LFKWYDQXZWHOHIRRQ 
$3DJLQJ
,QGHVWDQGE\PRGXVLQGUXNNHQRPKDQGVHWVWH]RHNHQ
EODG]LMGH 
,QJHGUXNWKRXGHQRPGHDDQPHOGLQJVPRGXVLQWH
VFKDNHOHQRPHHQKDQGVHWDDQWHPHOGHQEODG]LMGH 
0HQXQDYLJDWLH
8Z'KHHIWHHQHHQYRXGLJWHJHEUXLNHQPHQXV\VWHHP
(ONPHQXKHHIWHHQOLMVWPHWRSWLHVGLHLQKHWGLDJUDPRSGH
YROJHQGHEODG]LMGHLVJHWRRQG
$OVGHKDQGVHWLVLQJHVFKDNHOGHQLQVWDQGE\VWDDW

'UXNRSPRPKHWKRRIGPHQXWHRSHQHQ

*HEUXLNGDDUQDGHXRIGWRHWVHQRPGRRUGH
EHVFKLNEDUHRSWLHVWHEODGHUHQ

'UXNRSPRPHHQRSWLHWHVHOHFWHUHQ
'UXNRS
QRPWHUXJWHJDDQQDDUKHWYRULJHPHQX
QLYHDX
'HWRHWV
QLQJHGUXNWKRXGHQRPKHWPHQXWHYHUODWHQ
HQWHUXJWHNHUHQQDDUVWDQGE\
230(5.,1*
$OVJHGXUHQGHVHFRQGHQJHHQWRHWVHQLQJHGUXNWZRUGHQ
NHHUWGHKDQGVHWDXWRPDWLVFKWHUXJQDDUVWDQGE\
 2YHU]LFKWYDQXZWHOHIRRQ
0HQXGLDJUDP
7(/()221%2(. ,167(//,1*(1 +$1'6(7 '$7807,-' $$10(/'(1
72(92(*(1
%(:(5.(1
:,66(1
%$6,692/80(
%60(/2',(
+69(5:,-'(5
3,1&2'(
.,(602'(
)/$6+7,-'
)$%,167(//
(&202'86
%,(3
,17%(/92/80
(;7%(/92/80
,170(/2',(
(;70(/2',(
$872$17:'(1
1$$0
7$$/
./$9,(59(5*"
'$780,167
7,-',167(//
$/$50,167
%$6,66(/(&7
%6$$10(/'(1
'HWHOHIRRQJHEUXLNHQ 
'HWHOHIRRQJHEUXLNHQ
230(5.,1*
8ZKDQGVHWUHJLVWUHHUWGHWLMGYDQH[WHUQHJHVSUHNNHQ
DXWRPDWLVFK'HJHVSUHNVWLPHUYHUVFKLMQWGHHHUVWH
VHFRQGHQQDXZJHVSUHN1DKHWHLQGHYDQKHWJHVSUHN
ZRUGWGHGXXUYDQXZJHVSUHNVHFRQGHQJHWRRQG
 'HKDQGVHWDDQXLWVFKDNHOHQ
'HWRHWV5LQJHGUXNWKRXGHQRPGHKDQGVHWDDQRIXLWWH
VFKDNHOHQ
 *HVSUHNNHQ
 7HOHIRQHUHQ

'UXNRS

.LHVKHWQXPPHUDOVXHHQJHVSUHNVWRRQKRRUW
 9RRUEHUHLGLQJ

.LHVHHUVWKHWQXPPHU'UXNDOVHHQIRXWJHPDDNWZRUGW
RS
QRPKHWODDWVWHFLMIHUWHZLVVHQ

'UXNRSRPWHEHOOHQ
 *HVSUHNEHsLQGLJHQ
'UXNRSRISODDWVGHKDQGVHWWHUXJRSKHWEDVLVVWDWLRQ
RIGHRSODGHU
 (HQJHVSUHNDDQQHPHQ
$OVHHQH[WHUQJHVSUHNELQQHQNRPWJDDWGHWHOHIRRQRYHU
HQGH LQGLFDWRUNQLSSHUWRSKHWGLVSOD\

'UXNRSRPKHWJHVSUHNDDQWHQHPHQRIQHHPGH
KDQGVHWXLWGHEDVLV
230(5.,1*
$OVXGHYRRUNHXUJHHIWRP
LQWHGUXNNHQDOVXGH
KDQGVHWRSQHHPWPRHWX$XWRPDWLVFKEHDQWZRRUGHQ
XLWVFKDNHOHQ]LHEODG]LMGH 
 9ROXPHYDQGHKRRUQOXLGVSUHNHU
ELMVWHOOHQ
'UXNWLMGHQVHHQJHVSUHNRSXRIGRPKHWYROXPHYDQGH
KRRUQRIOXLGVSUHNHUELMWHVWHOOHQ(U]LMQVWDQGHQ
EHVFKLNEDDU
 3ULYp
8NXQWGHKDQGVHWGHPSHQ]RGDWXPHWLHPDQGLQGH
RPJHYLQJNXQWRYHUOHJJHQ]RQGHUGDWGHEHOOHUXKRRUW

'UXNWLMGHQVKHWJHVSUHNRSQ+HWGLVSOD\WRRQW
67,/
$$1
HQGHEHOOHUNDQXQLHWKRUHQ

'UXNQRJPDDOVRSQRPKHWJHVSUHNWHKHUYDWWHQ
 'HWHOHIRRQJHEUXLNHQ
 ,QWHUFRP
 (HQLQWHUQJHVSUHNYRHUHQ
$OVXPHHUGDQppQKDQGVHWDDQJHPHOGKHEWELMKHW
EDVLVVWDWLRQNXQWXLQWHUQHJHVSUHNNHQYRHUHQWXVVHQWZHH
KDQGVHW
LQGLFDWRUYHUVFKLMQWELMHHQLQWHUQHRSURHS

'UXNRS,JHYROJGGRRUKHWQXPPHUYDQGH
KDQGVHWGDWXZLOWEHOOHQ
 (HQLQWHUQJHVSUHNDDQQHPHQ
$OVHHQH[WHUQJHVSUHNELQQHQNRPWNQLSSHUWGH
LQGLFDWRUHQYHUVFKLMQWKHWQXPPHUYDQGHKDQGVHWGLHXEHOW

'UXNRSRPKHWJHVSUHNDDQWHQHPHQ
 (HQJHVSUHNGRRUVFKDNHOHQ
8NXQWHHQH[WHUQHRSURHSGRRUVFKDNHOHQQDDUHHQDQGHUH
KDQGVHWGLHRSKHWEDVLVVWDWLRQLVDDQJHVORWHQ
7LMGHQVHHQH[WHUQJHVSUHN

'UXNRS,JHYROJGGRRUKHWQXPPHUYDQGH
KDQGVHWGLHXZLOWEHOOHQ

$OVGHDQGHUHKDQGVHWRSQHHPWGUXNWXRSRPKHW
JHVSUHNGRRUWHVFKDNHOHQ
7,3
$OVGHDQGHUHKDQGVHWQLHWZRUGWRSJHQRPHQHQXZLOWWHUXJ
JDDQQDDUGHH[WHUQHEHOOHUGUXNWXRS
,
8ZH[WHUQHJHVSUHNZRUGWQDVHFRQGHQDXWRPDWLVFK
KHUYDWDOVHUJHHQDQWZRRUGLV
 ZHJYHUJDGHUJHVSUHN
8NXQWHHQYHUJDGHUJHVSUHNYRHUHQWXVVHQLQWHUQHEHOOHUV
HQH[WHUQHEHOOHU
7LMGHQVHHQJHVSUHNPHWHHQH[WHUQHEHOOHU

'UXNRS,JHYROJGGRRUKHWQXPPHUYDQGH
KDQGVHWGDWXZLOWEHOOHQYRRUHHQYHUJDGHUJHVSUHN

$OVGHDQGHUHKDQGVHWZRUGWRSJHQRPHQGUXNWXRS
RPGHGULHEHOOHUVWHYHUELQGHQHQKHW
YHUJDGHUJHVSUHNWHVWDUWHQ
LQGLFDWRUYHUVFKLMQW

$OVGHDQGHUHKDQGVHWQLHWZRUGWRSJHQRPHQGUXNWXRS
,RPWHUXJWHNHUHQQDDUGHH[WHUQHEHOOHU

'UXNRSRPKHWJHVSUHNDIWHEUHNHQ
 +DQGHQYULMOXLGVSUHNHUWHOHIRRQ
+DQGHQYULMVWHOWXLQVWDDWPHWHHQEHOOHUWHVSUHNHQ]RQGHU
GHKDQGVHWYDVWWHKRXGHQ'LWPDDNWKHWRRNPRJHOLMN
PHQVHQLQGHNDPHUWHODWHQPHHOXLVWHUHQPHWKHWJHVSUHN
YLDGHOXLGVSUHNHU
'HWHOHIRRQJHEUXLNHQ 
 +DQGHQYULMWHOHIRQHUHQ

.LHVKHWQXPPHUHQGUXNRS6
LQGLFDWRUYHUVFKLMQWHQXKRRUWKHWJHVSUHNYLDGH
OXLGVSUHNHUYDQGHKDQGVHW

'UXNRS6RPWHVFKDNHOHQWXVVHQGHKRRUQOXLGVSUHNHU
HQGHOXLGVSUHNHU

'UXNRSRPKHWJHVSUHNDIWHEUHNHQ
7,3
'UXNWLMGHQVHHQKDQGHQYULMJHVSUHNRS
XRIGRPKHW
YROXPHELMWHVWHOOHQ
 +DQGHQYULMHHQJHVSUHNDDQQHPHQ
'UXNDOVGHWHOHIRRQRYHUJDDWRS6RPKHWJHVSUHNWH
EHDQWZRRUGHQ
 +DQGHQYULMHHQJHVSUHNRYHUQHPHQ
'UXNWLMGHQVHHQJHVSUHNRS6RPKHWJHVSUHNYLDGH
OXLGVSUHNHUWHEHOXLVWHUHQ
2PKDQGHQYULMEHOOHQXLWWHVFKDNHOHQHQWHUXJWHJDDQQDDU
GHKRRUQGUXNWXZHHURS
6
 +HUKDOHQ
'HODDWVWHJHEHOGHQXPPHUVZRUGHQRSJHVODJHQLQGH
KHUKDDOOLMVW
 (HQQXPPHULQGHOLMVWEHNLMNHQRIEHOOHQ

'UXNRSXRPGHKHUKDDOOLMVWWHRSHQHQ

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHU

'UXNRSRPKHWJHWRRQGHQXPPHUWHEHOOHQRIGUXN
RS
%RPWHUXJWHNHUHQQDDUVWDQGE\
7,3
$OVKHWQXPPHUYDQGHEHOOHULGHQWLHNLVDDQGHQDDPGLHLV
RSJHVODJHQLQKHWWHOHIRRQERHNZRUGWGHQDDPJHWRRQG
'UXNRS
PRPKHWQXPPHUYDQGHEHOOHURSWHURHSHQ
 (HQQXPPHUYDQGHKHUKDDOOLMVWRSVODDQLQ
KHWWHOHIRRQERHN

'UXNRSXRPGHKHUKDDOOLMVWWHRSHQHQ

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHU

'UXNRSP
+HWGLVSOD\WRRQW
72(92(*(1"

'UXNQRJPDDOVRSP
+HWGLVSOD\WRRQW
1$$0"

9RHUGHQDDPLQHQGUXNRSP+HWQXPPHUZRUGW
JHWRRQG
 'HWHOHIRRQJHEUXLNHQ

%HZHUNKHWQXPPHULQGLHQJHZHQVWHQGUXNGDQRS
P

'UXNRSXRIGRPGHJHZHQVWHEHOPHORGLHWH
VHOHFWHUHQHQGUXNRS
P+HWQXPPHUZRUGW
YDVWJHOHJG
230(5.,1*
=LH³1$0(1,192(5(1´HQ³1877,*(7,36RS
EODG]LMGH 
 (HQQXPPHUZLVVHQ

'UXNRSXRPGHKHUKDDOOLMVWWHRSHQHQ

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHUHQGUXN
RS
Q
+HWGLVSOD\WRRQW
:,66(1"

'UXNRSPRPWHEHYHVWLJHQRIQRPWH
DQQXOHUHQ
 'HJHKHOHKHUKDDOOLMVWZLVVHQ

'UXNRSXRPGHKHUKDDOOLMVWWHRSHQHQ

'HWRHWVQLQJHGUXNWKRXGHQ
+HWGLVSOD\WRRQW
$//(6:,6"

'UXNRSPRPWHEHYHVWLJHQRIQRPWH
DQQXOHUHQ
 7RHWVHQSDQHHOYHUJUHQGHOHQ
RQWJUHQGHOHQ
8NXQWKHWWRHWVHQSDQHHOYHUJUHQGHOHQRPRQEHGRHOG
LQGUXNNHQYDQWRHWVHQWHYRRUNRPHQ
230(5.,1*
$OVKHWWRHWVHQSDQHHOYHUJUHQGHOGLVNXQWXZHOLQNRPHQGH
JHVSUHNNHQEHDQWZRRUGHQHQGHKDQGVHWQRUPDDO
JHEUXLNHQ$OVKHWJHVSUHNHLQGLJWZRUGWKHWWRHWVHQSDQHHO
ZHHUYHUJUHQGHOG

'HWRHWVLQJHGUXNWKRXGHQ
LQGLFDWRUYHUVFKLMQW

'UXNRSHONHZLOOHNHXULJHWRHWVYDQGHKDQGVHWRPKHW
WRHWVHQSDQHHOWHRQWJUHQGHOHQ+HWGLVSOD\WRRQW
'58.

'UXNELQQHQVHFRQGHQRS
 3DJLQJ+DQGVHW]RHNHQ
8NXQWHHQDQGHUHJHEUXLNHUYDQHHQKDQGVHWRSURHSHQRI
HHQYHUPLVWHKDQGVHWRSVSRUHQ
3DJLQJRSURHSHQNXQQHQQLHWGRRUHHQKDQGVHWZRUGHQ
EHDQWZRRUG

'UXNRSSRSKHWEDVLVVWDWLRQ$OOHKDQGVHWVGLH]LMQ
DDQJHPHOGELMKHWEDVLVVWDWLRQZRUGHQJHEHOG

2PKHWSDJLQJWHVWRSSHQGUXNWXQRJPDDOVRSSRS
KHWEDVLVVWDWLRQRIHHQZLOOHNHXULJHWRHWVRSGHKDQGVHW
7HOHIRRQERHN 
7HOHIRRQERHN
+HWWHOHIRRQERHNNDQQDPHQHQQXPPHUVRSVODDQ'H
QDPHQNXQQHQXLWPD[LPDDOOHHVWHNHQVEHVWDDQHQGH
QXPPHUVNXQQHQXLWPD[LPDDOFLMIHUVEHVWDDQ2RNNXQW
XHHQYHUVFKLOOHQGHEHOPHORGLHDDQLHGHUQXPPHULQKHW
WHOHIRRQERHNWRHZLM]HQ
 (HQQDDPHQQXPPHURSVODDQ
$OVXJHEUXLNPDDNWYDQQXPPHUZHHUJDYH&DOOHU,'
6HUYLFHHQXZLOWGHQDDPYDQGHEHOOHU]LHQLQSODDWVYDQKHW
QXPPHUGDQKHWYROOHGLJHWHOHIRRQQXPPHULQFOXVLHIKHW
QHWQXPPHULQXZWHOHIRRQERHNRSVODDQ
8NXQWPHHUGHUHQDPHQELMKHW]HOIGHQXPPHUYDVWOHJJHQ
0DDURPGXEEHOHQDPHQWHYRRUNRPHQNXQWXGH]HOIGH
QDDPVOHFKWVHHQNHHUYDVWOHJJHQ

'UXNRSPEODGHUGQDDU
7(/()221%2(.
HQGUXNRS
P
+HWGLVSOD\WRRQW
72(92(*(1


'UXNRSPRPWHVHOHFWHUHQ
+HWGLVSOD\WRRQW
1$$0"

9RHUGHQDDPLQHQGUXNRSP
+HWGLVSOD\WRRQW
1800(5"

9RHUKHWQXPPHULQHQGUXNRSP
+HWGLVSOD\WRRQW
0(/2',(

'UXNRSXRIGRPGHJHZHQVWHEHOPHORGLHWH
VHOHFWHUHQHQGUXNRS
P
+HWGLVSOD\WRRQW
72(92(*(1

9RHUGHQDDPHQKHWQXPPHULQGLHXLQKHWWHOHIRRQERHN
ZLOWRSVODDQRIGUXNWZHHNHHURS
QRPWHUXJWHNHUHQ
QDDUVWDQGE\
1$0(1,192(5(1
*HEUXLNKHWWRHWVHQSDQHHORPQDPHQLQWHYRHUHQ9RHUEY
720DOVYROJWLQ
'UXNHHQNHHURS
RPGH7LQWHYRHUHQ
'UXNGULHNHHURS
RPGH2LQWHYRHUHQ
'UXNHHQNHHURS
RPGH0LQWHYRHUHQ
1877,*(7,36
'UXNRS
QRPKHWODDWVWLQJHYRHUGHOHHVWHNHQRIFLMIHUWH
ZLVVHQ
'UXNRS
XRIGRPWXVVHQOHWWHUVFLMIHUVWHEHZHJHQ
'UXNHHQNHHURS
RPHHQVSDWLHLQWHYRHUHQ
'UXNWZHHNHHURS
RPHHQOLJJHQGVWUHHSMHLQWHYRHUHQ
 7HOHIRRQERHN
 (HQQXPPHUEHNLMNHQRIEHOOHQ

'UXNRS%
LQGLFDWRUYHUVFKLMQW

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHU
2)
9RHUGHHHUVWHOHWWHUYDQGHQDDPLQRPDOIDEHWLVFKWH
]RHNHQ'HHHUVWHQDDPGLHPHWGH]HOHWWHUEHJLQWRIGH
GLFKWVWELM]LMQGHOHWWHULQKHWDOIDEHWZRUGWJHWRRQG
%ODGHUPHW
XRIGQDDUGHJHZHQVWHQDDP

'UXNRSRPWHEHOOHQRIQRPWHUXJWHJDDQQDDU
VWDQGE\
7,3
$OVGHQDDPZRUGWJHWRRQGNXQWXVFKDNHOHQWXVVHQQDDP
HQQXPPHUGRRURS
PWHGUXNNHQ
 (HQQDDPHQQXPPHUEHZHUNHQ

'UXNRSPEODGHUGQDDU
7(/()221%2(.
HQGUXNRS
P

%ODGHUPHWGQDDU
%(:(5.(1
HQGUXNRSP

%ODGHUPHWXRIGQDDUGHQDDPGLHXZZLOWEHZHUNHQ
RI]RHNDOIDEHWLVFKHQGUXNRS
P
'HKXLGLJHQDDPZRUGWJHWRRQG

'UXNRSQRPGHQDDPGHVJHZHQVWWHZLVVHQYRHU
HHQQLHXZHQDDPLQHQGUXNRS
P
+HWKXLGLJHQXPPHUZRUGWJHWRRQG

'UXNRSQRPKHWQXPPHUGHVJHZHQVWWHZLVVHQ
YRHUHHQQLHXZQXPPHULQHQGUXNRS
P

%ODGHUPHWXRIGRPHHQQLHXZHEHOPHORGLHWH
VHOHFWHUHQHQGUXNRS
P
+HWGLVSOD\WRRQW
72(92(*(1

9RHUGHQDDPHQKHWQXPEHUGLHXZLOWRSVODDQLQXZ
WHOHIRRQERHNLQRIGUXNWZHHNHHURS
QRPWHUXJWH
NHUHQQDDUVWDQGE\
 (HQQXPPHUZLVVHQ

'UXNRSPEODGHUGQDDU
7(/()221%2(.
HQGUXNRS
P

%ODGHUPHWGQDDU
:,66(1
HQGUXNRSP

%ODGHUQDDUXRIGQDDUGHQDDPGLHXZZLOWZLVVHQ
RI]RHNDOIDEHWLVFKHQGUXNRS
P
+HWGLVSOD\WRRQW
%(9(67,*(1"


'UXNRSPRPWHEHYHVWLJHQRIQRPWH
DQQXOHUHQ
+DQGVHWLQVWHOOLQJHQ 
+DQGVHWLQVWHOOLQJHQ
 +DQGVHWEHOYROXPH
8NXQWKHWEHOYROXPHLQVWHOOHQHQYHUVFKLOOHQGH
YROXPHQLYHDXVNLH]HQYRRULQWHUQHHQH[WHUQHRSURHSHQ
6HOHFWHHUXLWYROXPHQLYHDXVRI8LW

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
,17%(/92/80
RI
(;7
%(/92/80
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHUKHWYROXPHRI
8,7


'UXNRSPRPWHEHYHVWLJHQRIQRPWHUXJWHJDDQ
QDDUKHWYRULJHPHQX
7,3
$OVGHWHOHIRRQRYHUJDDWGDQNXQWXKHWEHOYROXPHLQVWHOOHQ
GRRURS
XRIGWHGUXNNHQ
 +DQGVHWEHOPHORGLH
8NXQWYHUVFKLOOHQGHEHOPHORGLHsQYRRUXZLQWHUQHHQ
H[WHUQHRSURHSHQLQVWHOOHQ8NXQWXLWYHUVFKLOOHQGH
EHOPHORGLHsQNLH]HQ
8KRRUWHHQYRRUEHHOGYDQGHPHORGLHDOVXGRRUHONH
PHORGLHEODGHUW

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
,170(/2',(
RI
(;70(/2',(
HQGUXNRSP

'UXNRSXRIGRPGHEHOPHORGLHWHVHOHFWHUHQ

'UXNRSPRPWHEHYHVWLJHQRIQRPWHUXJWHJDDQ
QDDUKHWYRULJHPHQX
230(5.,1*
2SURHSHQYDQQXPPHUVGLHXLQKHWWHOHIRRQERHNKHEW
RSJHVODJHQJHEUXLNHQGHEHOPHORGLHGLHXLQJHVWHOGKHEW
WRHQKHWQXPPHUZHUGRSJHVODJHQ
 $XWRPDWLVFKEHDQWZRRUGHQ
8ZWHOHIRRQLVLQJHVWHOGRPHHQJHVSUHNDDQWHQHPHQDOV
XGHKDQGVHWRSQHHPWYDQKHWEDVLVVWDWLRQ8NXQWGH]H
IXQFWLHXLWVFKDNHOHQ]RGDWHHQJHVSUHNDOOHHQDDQJHQRPHQ
NDQZRUGHQGRRURS
WHGUXNNHQ

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP

%ODGHUPHWGQDDU
$872$17:'(1
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
$$1
RI
8,7
HQGUXNRSP
RPWHEHYHVWLJHQ
 +DQGVHWLQVWHOOLQJHQ
 +DQGVHWQDDP
$OVXPHHUGDQHHQKDQGVHWPHWXZ'EDVLVVWDWLRQ
JHEUXLNWNXQWXHHQSHUVRRQOLMNHQDDPDDQHONHKDQGVHW
WRHZLM]HQRP]HJHPDNNHOLMNXLWHONDDUWHKRXGHQ
(HQQDDPNDQXLWPD[LPDDOOHHVWHNHQVEHVWDDQ

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP

%ODGHUPHWGQDDU
1$$0
HQGUXNRSP

9RHUGHQLHXZHQDDPYRRUGHKDQGVHWLQHQGUXNRS
PRPWHEHYHVWLJHQ
230(5.,1*
'HQDDPYDQGHKDQGVHWZRUGWRQJHYHHUVHFRQGHQ
JHWRRQGDOVJHHQWRHWVHQLQJHGUXNWZRUGHQ'UXNRS
Q
RPGHODDWVWHOHWWHURIFLMIHUWHZLVVHQDOVXHHQIRXWPDDNW
=LH³1$0(1,192(5(1´HQ³1877,*(7,36RS
EODG]LMGH 
 7DDO

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP

%ODGHUPHWGQDDU
7$$/
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHUGHJHZHQVWHWDDOHQGUXN
RS
PRPWHEHYHVWLJHQ
 7RHWVWRRQ
$OVXHHQWRHWVRSKHWWRHWVHQSDQHHOLQGUXNKRRUWXHHQ
SLHSWRRQ8NXQWGH]HWRHWVWRRQLQHQXLWVFKDNHOHQ

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP
+HWGLVSOD\WRRQW
%,(3


'UXNRSPRPWHVHOHFWHUHQ
+HWGLVSOD\WRRQW
72(767221


'UXNRSPRPWHVHOHFWHUHQ

'UXNRSXRIGHQVHOHFWHHU
$$1
RI
8,7
HQGUXNRS
PRPWHEHYHVWLJHQ
 $ODUPWRRQ]ZDNNHEDWWHULM
$OVGHEDWWHULMELMQDOHHJLVKRRUWXWLMGHQVHHQJHVSUHNHONH
PLQXXWHHQDODUPWRRQ8NXQWGH]HDODUPWRRQLQHQ
XLWVFKDNHOHQ

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP
+HWGLVSOD\WRRQW
%,(3


'UXNRSPRPWHVHOHFWHUHQ

%ODGHUPHWGQDDU
%$7/$$*
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
$$1
RI
8,7
HQGUXNRS
PRPWHEHYHVWLJHQ
,QVWHOOLQJHQEDVLVVWDWLRQ 
 %XLWHQEHUHLNDODUPWRRQ
$OVGHKDQGVHWEXLWHQEHUHLNNRPWKRRUWXWLMGHQVHHQ
JHVSUHNHHQDODUPWRRQ8NXQWGH]HDODUPWRRQLQHQ
XLWVFKDNHOHQ

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP
+HWGLVSOD\WRRQW
%,(3


'UXNRSPRPWHVHOHFWHUHQ

%ODGHUPHWGQDDU
%8,7%(5(,.
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
$$1
RI
8,7
HQGUXNRS
PRPWHEHYHVWLJHQ
 7RHWVHQSDQHHOYHUJUHQGHOHQPHW
PHQX
8NXQWKHWPHQXJHEUXLNHQRPKHWWRHWVHQSDQHHOWH
YHUJUHQGHQ

'UXNRSPEODGHUGQDDU
+$1'6(7
HQGUXNRSP

%ODGHUPHWGQDDU
./$9,(59(5*"
HQGUXNRSPRPWH
EHYHVWLJHQ
LQGLFDWRUYHUVFKLMQW
7,3
'UXNRSHONHZLOOHNHXULJHWRHWVYDQGHKDQGVHWRPKHW
WRHWVHQSDQHHOWHRQWJUHQGHOHQHQGUXNGDQELQQHQ
VHFRQGHQRS
,QVWHOOLQJHQEDVLVVWDWLRQ
 %HOYROXPHEDVLVVWDWLRQ
6HOHFWHHUXLWYROXPHQLYHDXVRI8LW

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P
+HWGLVSOD\WRRQW
%$6,692/80(


'UXNRSP

'UXNRSXRIGHQVHOHFWHHUKHWYROXPHRI
8,7


'UXNRSPRPWHEHYHVWLJHQRIQRPWHUXJWH
JDDQQDDUKHWYRULJHPHQX
 %HOPHORGLHEDVLVVWDWLRQ
8NXQWXLWYHUVFKLOOHQGHEHOPHORGLHsQNLH]HQ
8KRRUWHHQYRRUEHHOGYDQGHPHORGLHDOVXGRRUHONH
PHORGLHEODGHUW

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
%60(/2',(
HQGUXNRSP

'UXNRSXRIGRPGHEHOPHORGLHWHVHOHFWHUHQ

'UXNRSPRPWHEHYHVWLJHQRIQRPWHUXJWH
JDDQQDDUKHWYRULJHPHQX
 ,QVWHOOLQJHQEDVLVVWDWLRQ
 0DVWHU3,1YHUDQGHUHQ
6RPPLJHIXQFWLHV]LMQEHVFKHUPGPHWHHQ3,1FRGHYDQ
FLMIHUVGLHLQJHYRHUGPRHWZRUGHQRPGHLQVWHOOLQJHQWH
ZLM]LJHQ'HVWDQGDDUG3,1LV8NXQWGLWQXPPHUQDDU
HLJHQYRRUNHXUZLM]LJHQ
$OVXHHQ3,1FRGHLQYRHUWZRUGHQGHFLMIHUVDOV
JHWRRQG

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
3,1&2'(
HQGUXNRSP

9RHUGHFLMIHULJH3,1FRGHLQVWDQGDDUG HQ
GUXNRS
P

9RHUGH3,1FRGHRSQLHXZLQHQGUXNRSPRPWH
EHYHVWLJHQ

+HWGLVSOD\WRRQW
+(5+3,1
9RHUGH3,1FRGHRSQLHXZLQ
HQGUXNRS
PRPWHEHYHVWLJHQ
%(/$1*5,-.
%HZDDUKHWQXPPHU]RUJYXOGLJDOVXHHQQLHXZH3,1FRGH
LQYRHUW
 .LHVPRGXV
8Z'LVLQJHVWHOGYRRUNLH]HQPHWWRRQ8PRHWGH]H
LQVWHOOLQJDOOHHQYHUDQGHUHQDOVXDDQJHVORWHQEHQWRSHHQ
RXGW\SHFHQWUDOH3%;GLHNLH]HQPHWSXOVYHUHLVW

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
.,(602'(
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
7221
RI
38/6
HQGUXNRS
PRPWHEHYHVWLJHQ
 )ODVKPRGXV
'HIODVKPRGXVYDQXZ'LVLQJHVWHOGRSPV)/$6+
DIKDQNHOLMNYDQXZODQGHQWHOHFRPDDQELHGHU+HWLVQLHW
ZDDUVFKLMQOLMNGDWGH]HLQVWHOOLQJYHUDQGHUGPRHWZRUGHQ
WHQ]LMGLWLVJHDGYLVHHUG

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
)/$6+7,-'
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
)/$6+
NRUWHIODVKWLMGRI
)/$6+
ODQJHIODVKWLMGHQGUXNRSPRPWH
EHYHVWLJHQ
,QVWHOOLQJHQEDVLVVWDWLRQ 
 6WDQGDDUGLQVWHOOLQJHQKHUVWHOOHQ
8NXQWGH'WHUXJ]HWWHQLQGHVWDQGDDUGRULJLQHOH
LQVWHOOLQJHQ
$OOHKDQGVHWVGLH]LMQDDQJHPHOGELMKHWEDVLVVWDWLRQZRUGHQ
EHKRXGHQ
:$$56&+8:,1*
'RRUXZWHOHIRRQWHUXJWH]HWWHQLQGHVWDQGDDUGLQVWHOOLQJHQ
JDDQDOOHJHJHYHQVLQKHWWHOHIRRQERHNHQGHEHOOLMVW
YHUORUHQ$OOHLQVWHOOLQJHQYDQGHKDQGVHWHQEDVLVVWDWLRQ
ZRUGHQRRNWHUXJJH]HW

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
)$%,167(//
HQGUXNRSP

9RHUGHFLMIHULJH3,1FRGHLQVWDQGDDUG HQ
GUXNRS
P
+HWGLVSOD\WRRQW
%(9(67,*(1"

'UXNRSPRPWHEHYHVWLJHQRIQRPWHUXJWH
JDDQQDDUKHWYRULJHPHQX8Z'ZRUGWDXWRPDWLVFK
RSQLHXZLQJHVFKDNHOG
 6WDQGDDUGLQVWHOOLQJYRRU
QRRGJHYDOOHQ
$OVXKHW3,1QXPPHUYHUJHHWLVKHWWRFKPRJHOLMNXZ'
WHUXJWH]HWWHQQDDUGHVWDQGDDUGLQVWHOOLQJHQ

9HUZLMGHUGHEDWWHULMHQYDQGHKDQGVHW

'HWRHWVLQJHGUXNWKRXGHQWHUZLMOGHEDWWHULMHQ
ZRUGHQWHUXJJHSODDWVW
+HWGLVSOD\WRRQW
)$%,167(//

'UXNRSPRPWHEHYHVWLJHQ8Z'ZRUGW
DXWRPDWLVFKRSQLHXZLQJHVFKDNHOG
 (FRPRGXV
8Z'KHHIWHHQ(&2PRGXVRPKHWYHUPRJHQYDQGH]HQGHU
WHYHUPLQGHUHQHQVWURRPWHEHVSDUHQ
2PGH(FRPRGXVLQWHVFKDNHOHQ

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
(&202'86
HQGUXNRSP
 ,QVWHOOLQJHQEDVLVVWDWLRQ

'UXNRSXRIGHQVHOHFWHHU
$$1
RI
8,7
HQGUXNRSP
RPWHEHYHVWLJHQ
$OVGH(FRPRGXVXLWJHVFKDNHOGLVYHUGZLMQWGHFLUNHORP
230(5.,1*
$OVGH(&2PRGXVRS$$1LVJH]HWLVKHWEHUHLNYDQGH
KDQGVHWPLQGHU
 6WDQGDDUGLQVWHOOLQJHQ
(FRPRGXV
$$1
2SODDGDODUPWRRQ $$1
%XLWHQEHUHLNDODUPWRQHQ $$1
7RHWVWRRQ $$1
$XWRPDWLVFKEHDQWZRRUGHQ $$1
,QWHUQHPHORGLH
,QWHUQHYROXPH
([WHUQHPHORGLH
([WHUQHYROXPH
9ROXPHKRRUQOXLGVSUHNHU
%6PHORGLH
%HOYROXPHEDVLVVWDWLRQ
7HOHIRRQERHN /HHJ
%HOOLMVW /HHJ
+HUKDDOOLMVW /HHJ
3,1FRGH 
.LHVPRGXV 7RRQ
)ODVKPRGXV )/$6+PV
(FRPRGXV 8,7
7RHWVHQVORW 8,7
.ORNDODUP 
.ORNDODUP
$OVXJHDERQQHHUGEHQWRSQXPPHUZHHUJDYHGDW
JHEDVHHUGLVRSKHW)6.V\VWHHP&DOOHU,'6HUYLFH
ZRUGHQGHGDWXPHQWLMGYRRUDOOHKDQGVHWVDXWRPDWLVFK
LQJHVWHOGDOVHHQRSURHSELQQHQNRPW8NXQWGHGDWXPHQ
WLMGRRN]HOIRSDOOHKDQGVHWVLQVWHOOHQ
 ,QVWHOOHQYDQGHGDWXP

'UXNRSPEODGHUGQDDU
'$7807,-'
HQGUXNRS
P
+HWGLVSOD\WRRQW
'$780,167


'UXNRSPRPWHVHOHFWHUHQ

9RHUGHGDWXPLQEYYRRUDXJXVWXVHQGUXN
RS
PRPWHEHYHVWLJHQ
 ,QVWHOOHQYDQGHWLMG

'UXNRSPEODGHUGQDDU
'$7807,-'
HQGUXNRS
P

%ODGHUGQDDU
7,-',167(//
HQGUXNRSP

9RHUGHWLMGLQKHWXXUIRUPDDWLQEYYRRU
SPHQGUXNRS
PRPWHEHYHVWLJHQ
 $ODUPLQVWHOOHQ
8NXQWYRRUHONHKDQGVHWHHQDQGHUDODUPLQVWHOOHQ

'UXNRSPEODGHUGQDDU
'$7807,-'
HQGUXNRS
P

%ODGHUGQDDU
$/$50,167
HQGUXNRSP

'UXNRSXRIGHQVHOHFWHHU
$$1
RI
8,7
HQGUXNRSP
RPWHEHYHVWLJHQ

,QGLHQX
$$1
VHOHFWHHUWGHWLMGLQKHWXXUIRUPDDW
LQVWHOOHQEYYRRUDPHQGUXNRS
PRP
WHEHYHVWLJHQ
 $ODUPWRRQXLWVFKDNHOHQ
'UXNRSHONHZLOOHNHXULJHWRHWVRPKHWDODUPXLWWH
VFKDNHOHQ
230(5.,1*
$OVXGHKDQGVHWJHEUXLNWZDQQHHUGHDODUPWLMGEHUHLNW
ZRUGWKRRUWXHHQSLHSWRRQLQGHKRRUQOXLGVSUHNHU
 1XPPHUZHHUJDYH&DOOHU,'HQ%HOOLMVW
1XPPHUZHHUJDYH&DOOHU,'HQ
%HOOLMVW
%(/$1*5,-.
'H]HIXQFWLHLVDOOHHQEHVFKLNEDDUDOVXJHDERQQHHUGEHQW
RSQXPPHUZHHUJDYHELMXZWHOHFRPOHYHUDQFLHU0RJHOLMN
]LMQKLHUNRVWHQDDQYHUERQGHQ
2PGHQDDPYDQGHEHOOHURSKHWGLVSOD\WH]LHQPRHWKHW
YROOHGLJHQXPPHULQXZWHOHIRRQERHN]LMQRSJHVODJHQ
LQFOXVLHIKHWQHWQXPPHU
$OVKHWQXPPHUYDQGHEHOOHULQKHWWHOHIRRQERHNVWDDW
ZRUGWGHWRHJHZH]HQQDDPJHWRRQG
$OVKHWQXPPHUYHUERUJHQLVZRUGW
*(+(,0
JHWRRQG
 1XPPHUZHHUJDYH&DOOHU,'
$OVXJHDERQQHHUGEHQWRSQXPPHUZHHUJDYH&DOOHU,'
6HUYLFH]LHWXKHWQXPPHUYDQGHEHOOHURSXZKDQGVHW
WHQ]LMKHWQXPPHULVYHUERUJHQYRRUGDWXGHRSURHS
EHDQWZRRUG+HWGLVSOD\NDQGHHHUVWHFLMIHUVRI
OHHVWHNHQVYDQKHWWHOHIRRQQXPPHUHQQDPHQZHHUJHYHQ
$OVGHQDDPHQKHWQXPPHUYDQGHEHOOHULQKHW
WHOHIRRQERHN]LMQRSJHVODJHQHQHHQQDDPQXPPHULV
JHYRQGHQ]LHWXGHQDDPYDQGHEHOOHURSKHWGLVSOD\
 %HOOLMVW
'HEHOOLMVWEHZDDUWJHJHYHQVYDQXZODDWVWHRQWYDQJHQ
JHVSUHNNHQLQFOXVLHIKHWWHOHIRRQQXPPHUHQGDWXPHQWLMG
YDQGHRSURHS
'HEHOOLMVWJHHIWRRNHHQPHOGLQJYRRURQEHDQWZRRUGH
RSURHSHQ
'HJHJHYHQVYDQGHEHOOHUZRUGHQLQGHEHOOLMVWEHZDDUG
RQJHDFKWRIXGHRSURHSKHEWEHDQWZRRUG'HEHOOLMVWZRUGW
JHGHHOGGRRUDOOHKDQGVHWVGLHELMKHWEDVLVVWDWLRQ]LMQ
DDQJHPHOG$OVGHOLMVWYROLVHQHHQQLHXZHRSURHSZRUGW
RQWYDQJHQZRUGHQGHJHJHYHQVYDQGHRXGVWHRSURHS
DXWRPDWLVFKJHZLVW
$OVHHQQLHXZHRSURHSLQGHEHOOLMVWVWDDWNQLSSHUWGH
LQGLFDWRURSKHWGLVSOD\DOVKHWWRHVWHOLQGHVWDQGE\VWDDW
1DGDWXGHQLHXZHRSURHSKHEWEHNHNHQYHUGZLMQWGH
LQGLFDWRUPDDUGH LQGLFDWRUEOLMIW]LFKWEDDU
 'HEHOOLMVWRSHQHQ

'UXNRSGRPGHEHOOLMVWWHRSHQHQ$OVHUJHHQ
JHJHYHQVLQGHEHOOLMVWVWDDQWRRQWKHWGLVSOD\
/((*

1XPPHUZHHUJDYH&DOOHU,'HQ%HOOLMVW 

'UXNRSXRIGRPGRRUGHOLMVWWHEODGHUHQ
$OVGHRSURHSZDVEHDQWZRRUGYHUVFKLMQWGH
LQGLFDWRUWHUZLMOXQDDUKHWQXPPHUEODGHUW$OVGH
RSURHSQLHWEHDQWZRRUGZHUGYHUVFKLMQWGH
LQGLFDWRUDOVXQDDUKHWQXPPHUEODGHUW'HKDQGVHW
ODDWHHQJHOXLGVWRRQKRUHQDOVXKHWHLQGYDQGHOLMVW
EHUHLNW
$OVKHWQXPPHUYDQGHEHOOHULGHQWLHNLVDDQGH
QDDPGLHLVRSJHVODJHQLQKHWWHOHIRRQERHNWRRQW
KHWGLVSOD\DIZLVVHOHQGGHQDDPHQKHWQXPPHU
'UXNRS
PRPKHWQXPPHUYDQGHEHOOHURSWH
URHSHQ
$OVKHWWHOHIRRQQXPPHUODQJHULVGDQFLMIHUV
YHUVFKLMQWGH LQGLFDWRU'UXNRS
PRPGH
UHVWHUHQGHFLMIHUVWH]LHQ
'UXNQRJPDDOVRS
PRPGHGDWXPHQWLMGYDQGH
RSURHSWH]LHQ
'UXNQRJPDDOVRS
PRPGHJHJHYHQVLQXZ
WHOHIRRQERHNRSWHVODDQ
 (HQQXPPHULQGHEHOOLMVWEHOOHQ

'UXNRSGRPGHEHOOLMVWWHRSHQHQ

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHU

'UXNRSRPKHWJHWRRQGHQXPPHUWHEHOOHQ
 (HQQXPPHULQGHEHOOLMVWLQKHW
WHOHIRRQERHNRSVODDQ

'UXNRSGRPGHEHOOLMVWWHRSHQHQ

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHU

'UXNKHUKDDOGHOLMNRSPWRWGDWKHWGLVSOD\
72(92(*(1"
WRRQW

'UXNQRJPDDOVRSP
+HWGLVSOD\WRRQW
1$$0"

9RHUGHQDDPLQHQGUXNRSP
+HWQXPPHUZRUGWJHWRRQG

%HZHUNKHWQXPPHULQGLHQJHZHQVWHQGUXNGDQRS
P

'UXNRSXRIGRPGHJHZHQVWHEHOPHORGLHWH
VHOHFWHUHQHQGUXNRS
P+HWQXPPHUZRUGW
YDVWJHOHJG
230(5.,1*
=LH³1$0(1,192(5(1´HQ³1877,*(7,36RS
EODG]LMGH 
 ([WUDKDQGVHWVJHEUXLNHQ
 (HQQXPPHUZLVVHQ

'UXNRSGRPGHEHOOLMVWWHRSHQHQ

%ODGHUPHWXRIGQDDUKHWJHZHQVWHQXPPHUHQGUXN
RS
Q
+HWGLVSOD\WRRQW
:,66(1"

'UXNRSPRPWHEHYHVWLJHQRIQRPWH
DQQXOHUHQ
 'HJHKHOHEHOOLMVWZLVVHQ

'UXNRSGRPGHEHOOLMVWWHRSHQHQ

'HWRHWVQLQJHGUXNWKRXGHQ
+HWGLVSOD\WRRQW
$//(6:,6"

'UXNRSPRPWHEHYHVWLJHQRIQRPWH
DQQXOHUHQ
([WUDKDQGVHWVJHEUXLNHQ
8NXQWPD[LPDDOYLMIKDQGVHWVELMXZ'EDVLVVWDWLRQ
DDQPHOGHQRPXZWHOHIRRQV\VWHHPXLWWHEUHLGHQ]RQGHU
H[WUDDDQVOXLWLQJHQYRRUHONHKDQGVHWWHPDNHQ
(ONH'KDQGVHWNDQELMPD[LPDDOYLHUEDVLVVWDWLRQZRUGHQ
DDQJHPHOG9HUYROJHQVNXQWXKHWEDVLVVWDWLRQVHOHFWHUHQ
GDWXZLOWJHEUXLNHQ
,QGLHQXGH'PXOWLSDFNXLWYRHULQJKHEWJHNRFKW]LMQGH
H[WUDKDQGVHWVDOELMKHWEDVLVVWDWLRQDDQJHPHOG
,QGLHQXH[WUDKDQGVHWVDSDUWKHEWJHNRFKWPRHWHQGH]HELM
KHW'EDVLVVWDWLRQDDQJHPHOGZRUGHQYRRUGDWGHWRHVWHOOHQ
JHEUXLNWNXQQHQZRUGHQ
 ([WUDKDQGVHWDDQPHOGHQ
230(5.,1*
'HEDWWHULMHQYDQGHKDQGVHWPRHWHQYROOHGLJHJHODGHQ
ZRUGHQYRRUGDWXGHKDQGVHWNXQWDDQPHOGHQ+RXGGH
KDQGVHWGLFKWELMKHWEDVLVVWDWLRQWLMGHQVKHW
DDQPHOGLQJVSURFHV
+DQGVHWVGLHPHWKHW'EDVLVVWDWLRQZHUGHQPHHJHOHYHUG
]LMQDODDQJHPHOG
2SKHWEDVLVVWDWLRQ

'HWRHWVSVHFRQGHQLQJHGUXNWKRXGHQWRWGDWXHHQ
JHOXLGVWRRQKRRUW+HWEDVLVVWDWLRQEOLMIWVHFRQGHQLQ
GHDDQPHOGLQJVPRGXV
([WUDKDQGVHWVJHEUXLNHQ 
2SGHKDQGVHW

'UXNRSPEODGHUGQDDU
$$10(/'(1
HQGUXNRS
P

%ODGHUPHWGQDDU
%6$$10(/'(1
HQGUXNRSP

9RHUKHWEDVLVQXPPHULQ
'HEDVLVQXPPHUVGLHDOLQJHEUXLN]LMQNQLSSHUHQ+HW
GLVSOD\WRRQW
=2(.(1


$OVGHKDQGVHWKHWEDVLVVLJQDDOYLQGWWRRQWKHWGLVSOD\
=2(.(1;
ZDDUELM
;
KHWLGHQWLILFDWLHQXPPHUYDQGH
EDVLVDDQJHHIW

+HWGLVSOD\YUDDJWYRRULQYRHUYDQGH3,1FRGH9RHU
GHFLMIHULJH3,1FRGHLQVWDQGDDUG HQGUXN
RS
P
8KRRUWHHQJHOXLGVWRRQDOVGHDDQPHOGLQJJHOXNWLV
'HKDQGVHWNULMJWDXWRPDWLVFKHHQEHVFKLNEDDU
KDQGVHWQXPPHUWRHJHZH]HQ*HEUXLNGLWQXPPHU
YRRUHHQLQWHUQJHVSUHN
230(5.,1*
3UREHHUKHWRSQLHXZDOVGHDDQPHOGLQJGHHHUVWHNHHUQLHW
OXNWHQGHDDQPHOGLQJVWLMGYDQKHWEDVLVVWDWLRQYHUVWUHNHQLV
$OVELQQHQHQNHOHVHFRQGHQJHHQEDVLVVWDWLRQJHYRQGHQ
ZRUGWNHHUWGHKDQGVHWWHUXJQDDUVWDQGE\3UREHHUKHW
DDQPHOGHQRSQLHXZ
+HWDDQPHOGHQLVQLHWPRJHOLMNDOVHUUHHGVKDQGVHWVELM
KHWEDVLVVWDWLRQ]LMQDDQJHPHOG8PRHWHHQKDQGVHW
DIPHOGHQYRRUGDWHHQQLHXZHKDQGVHWJHUHJLVWUHHUGNDQ
ZRUGHQ
 $DQPHOGHQELMGH'YDQHHQ
KDQGVHWYDQHHQDQGHUHIDEULNDQW
%(/$1*5,-.
'(&7*$33URILOHJDUDQGHHUWDOOHHQGDWEDVLVIXQFWLHVJRHG
ZHUNHQWXVVHQYHUVFKLOOHQGHPHUNHQW\SHKDQGVHWVHQ
EDVLVVWDWLRQV+HWLVPRJHOLMNGDWEHSDDOGHIXQFWLHV]RDOV
QXPPHUZHHUJDYH&DOOHU,'QLHWJRHGZHUNHQ
2SKHWEDVLVVWDWLRQ

'HWRHWVSVHFRQGHQLQJHGUXNWKRXGHQWRWGDWXHHQ
JHOXLGVWRRQKRRUW+HWEDVLVVWDWLRQEOLMIWVHFRQGHQLQ
GHDDQPHOGLQJVPRGXV
2SGHKDQGVHW
9ROJGHDDQZLM]LQJHQYRRUKHWDDQPHOGHQLQGHKDQGOHLGLQJ
YDQGHKDQGVHW
 6HOHFWHHUHHQEDVLVVWDWLRQ
$OVXZ'ELMPHHUGDQHHQEDVLVVWDWLRQLVDDQJHPHOGEY
RSNDQWRRUHQWKXLVGDQNXQWXKHWJHZHQVWHEDVLVVWDWLRQ
VHOHFWHUHQ
(ONHKDQGVHWNDQELMPD[LPDDOYLHUEDVLVVWDWLRQVZRUGHQ
DDQJHPHOG
 ([WUDKDQGVHWVJHEUXLNHQ

'UXNRSPEODGHUGQDDU
$$10(/'(1
HQGUXNRS
P
+HWGLVSOD\WRRQW
%$6,66(/(&7

'UXNRSP$OOHEDVLVVWDWLRQVZDDUXZKDQGVHWELMLV
DDQJHPHOGZRUGHQJHWRRQGEY
%6
+HWQXPPHU
YDQKHWEDVLVVWDWLRQGDWQXJHVHOHFWHHUGLVNQLSSHUW

9RHUKHWQXPPHUYDQKHWEDVLVVWDWLRQLQGDWXZLOW
JHEUXLNHQ2IGUXNRS
XRIGHQEODGHUQDDU
$872

'UXNRSPRPWHEHYHVWLJHQ8KRRUWHHQ
JHOXLGVWRRQDOVEHYHVWLJLQJHQHQKHWGLVSOD\NHHUWWHUXJ
QDDUKHWYRULJHPHQX
7,3
$OVX
$872
VHOHFWHHUW]RHNWXZKDQGVHWDXWRPDWLVFK
YHUELQGLQJPHWKHWEDVLVVWDWLRQPHWKHWVWHUNVWHVLJQDDO
 (HQKDQGVHWDIPHOGHQ
*HEUXLNHHQKDQGVHWRPHHQDQGHUHKDQGVHWDIWHPHOGHQ
8NXQWGHKDQGVHWGLHXJHEUXLNWQLHWDIPHOGHQ

'UXNRSPEODGHUGQDDU
,167(//,1*(1
HQGUXNRS
P

%ODGHUPHWGQDDU
+69(5:,-'(5
HQGUXNRSP

9RHUGHFLMIHULJH3,1FRGHLQVWDQGDDUG HQ
GUXNRS
P

9RHUKHWQXPPHULQYDQGHKDQGVHWGLHXZLOWDIPHOGHQ
8KRRUWHHQJHOXLGVWRRQDOVEHYHVWLJLQJHQHQKHW
GLVSOD\NHHUWWHUXJQDDUKHWYRULJHPHQX
+XOS 
+XOS
*HHQNLHVWRRQ
 *HEUXLNXLWVOXLWHQGGHPHHJHOHYHUGHWHOHIRRQNDEHO
 &RQWUROHHURIGHWHOHIRRQNDEHOJRHGLVDDQJHVORWHQ
 &RQWUROHHURIKHWQHWVQRHUJRHGLVDDQJHVORWHQHQGH
VSDQQLQJLVLQJHVFKDNHOG
*HHQGLVSOD\
 &RQWUROHHURIGHEDWWHULMHQJRHGJHSODDWVW]LMQHQ
YROOHGLJH]LMQRSJHODGHQ*HEUXLNXLWVOXLWHQG
JRHGJHNHXUGHRSODDGEDUHEDWWHULMHQGLH]LMQ
PHHJHOHYHUG
 &RQWUROHHURIGHKDQGVHWLVLQJHVFKDNHOG'HWRHWV
5
LQJHGUXNWKRXGHQ
 5HVHWKHWEDVLVVWDWLRQGRRUGHEDWWHULMHQWHYHUZLMGHUHQHQ
GHQHWVSDQQLQJXLWWHVFKDNHOHQ:DFKWRQJHYHHU
PLQXWHQYRRUGDWXGHYRHGLQJZHHULQVFKDNHOG+HW
V\QFKURQLVHUHQYDQGHKDQGVHWHQKHWEDVLVVWDWLRQGXXUW
RQJHYHHUHHQPLQXXW
LQGLFDWRUNQLSSHUW
 +DQGVHWLVEXLWHQEHUHLN*DGLFKWHUELMKHWEDVLVVWDWLRQ
VWDDQ
 &RQWUROHHURIGHKDQGVHWLVDDQJHPHOGELMKHW
EDVLVVWDWLRQ]LHEODG]LMGH 
 &RQWUROHHURIKHWQHWVQRHUJRHGLVDDQJHVORWHQHQGH
VSDQQLQJLVLQJHVFKDNHOG
+HWWRHWVHQSDQHHOZHUNWQLHW
 &RQWUROHHURIGHKDQGVHWQLHWYHUJUHQGHOGLV]LH
EODG]LMGH 
LQGLFDWRUEHZHHJWQLHWWLMGHQVKHWRSODGHQ
 'HKDQGVHWOLFKWHOLMNEHZHJHQRSKHWEDVLVVWDWLRQ
 5HLQLJKHWRSODDGFRQWDFWYDQGHEDWWHULMPHWHHQGRHN
EHYRFKWLJGPHWDOFRKRO
 &RQWUROHHURIKHWQHWVQRHUJRHGLVDDQJHVORWHQHQGH
VSDQQLQJLVLQJHVFKDNHOG
 'HEDWWHULMLVYRO$OVGHEDWWHULMYROOHGLJLVJHODGHQ
YHUVFKLMQWGH LQGLFDWRURSKHWGLVSOD\
*HHQQXPPHUZHHUJDYH&DOOHU,'
 &RQWUROHHUXZDERQQHPHQWPHWXZWHOHFRPOHYHUDQFLHU
]LHEODG]LMGH 
 'HEHOOHUNDQHHQYHUERUJHQQXPPHUKHEEHQ
 'HJHJHYHQVNXQQHQQLHWLQXZWHOHIRRQERHNJHYRQGHQ
ZRUGHQ&RQWUROHHURIXGHMXLVWHQDDPKHWMXLVWH
QXPPHULQXZWHOHIRRQERHNKHEWLQJHYRHUGFRPSOHHW
PHWKHWQHWQXPPHU
,NEHQPLMQ3,1FRGHYHUJHWHQ
 'H'WHUXJ]HWWHQQDDUGHVWDQGDDUGLQVWHOOLQJHQ]LH
³6WDQGDDUGLQVWHOOLQJYRRUQRRGJHYDOOHQ´
EODG]LMGH 
 $OJHPHQHLQIRUPDWLH
'HKDQGVHWDDQPHOGHQELMKHWEDVLVVWDWLRQQLHW
PRJHOLMN
 8NXQWPD[LPDDOKDQGVHWVELMKHW'EDVLVVWDWLRQ
DDQPHOGHQ8PRHWHHQKDQGVHWDIPHOGHQYRRUGDWHHQ
QLHXZHKDQGVHWJHUHJLVWUHHUGNDQZRUGHQ]LH
EODG]LMGH 
 &RQWUROHHURIXGHMXLVWH3,1KHEWLQJHYRHUGVWDQGDDUG

 3ODDWVKHWWRHVWHOPLQVWHQVHHQPHWHUXLWGHEXXUWYDQ
DQGHUHHOHFWULVFKHDSSDUDWXXURPVWRULQJHQELMKHW
DDQPHOGHQWHYRRUNRPHQ
'HEHOWRRQYDQGHKDQGVHWZHUNWQLHW
 +HWYROXPHYDQGHKDQGVHWVWDDWPRJHOLMNRS8LW]LH
EODG]LMGH 
'HEHOYDQKHWEDVLVVWDWLRQZHUNWQLHW
 +HWYROXPHYDQKHWEDVLVVWDWLRQVWDDWPRJHOLMNRS8LW]LH
EODG]LMGH 
5XLVLQWHUIHUHQWLHRSPLMQWHOHIRRQRIDQGHUH
HOHFWULVFKHDSSDUDWXXULQGHRPJHYLQJ
 3ODDWVGH'PLQVWHQVHHQPHWHUXLWGHEXXUWYDQDQGHUH
HOHFWULVFKHDSSDUDWXXURIPHWDOHQYRRUZHUSHQRP
VWRULQJHQWHYRRUNRPHQ
$OJHPHQHLQIRUPDWLH
%(/$1*5,-.
'LWWRHVWHONDQQLHWJHEUXLNWZRUGHQRPDODUPQXPPHUVWH
EHOOHQWLMGHQVVWURRPVWRULQJHQ(UPRHWHQDQGHUH
FRPPXQLFDWLHPRJHOLMNKHGHQEHVFKLNEDDU]LMQRPWLMGHQV
QRRGJHYDOOHQWHNXQQHQEHOOHQ
'LWSURGXFWLVRQWZRUSHQYRRUJHEUXLNPHWDQDORJHWHOHIRRQQHWZHUNHQ
HQWHOHIRRQFHQWUDOHVLQ1HGHUODQG
%HODQJULMNHYHLOLJKHLGVDDQZLM]LQJHQ
9ROJGH]HYHLOLJKHLGVDDQZLM]LQJHQRSELMJHEUXLNYDQXZ
WHOHIRRQRPKHWJHYDDUYDQEUDQGHOHNWULVFKHVFKRNNHQ
SHUVRRQOLMNOHWVHORIPDWHULHOHVFKDGHWHYRRUNRPHQ

9RRUNRPGDWGHJOHXYHQHQRSHQLQJHQYDQGHWHOHIRRQ
JHEORNNHHUGZRUGHQ3ODDWVGHWHOHIRRQQLHWRSHHQ
YHUZDUPLQJVDSSDUDDWRIERYHQHHQUDGLDWRU,QVWDOOHHU
KHWDSSDUDDWRSHHQSODDWVPHWYROGRHQGHYHQWLODWLH

1LHWJHEUXLNHQWHUZLMOXQDWEHQWRILQZDWHUVWDDW

+HWDSSDUDDWQLHWLQGHEXXUWYDQZDWHUJHEUXLNHQELM
YRRUEHHOGELMHHQEDGJRRWVWHHQRI]ZHPEDG

9RRUNRPGDWKHWVQRHUEHNQHOGUDDNWRQGHUPHXELODLURI
DQGHUHYRRUZHUSHQ3ODDWVKHWVQRHU]RGDQLJGDWHUQLHW
RYHUJHVWUXLNHOGNDQZRUGHQ

6WHHNJHHQYRRUZHUSHQLQGHYHQWLODWLHRSHQLQJHQYDQ
KHWDSSDUDDWRPVFKRNNHQRIEUDQGJHYDDUWHYHUPLMGHQ
$OJHPHQHLQIRUPDWLH 

9HUZLMGHUGHVWHNNHUXLWKHWVWRSFRQWDFWDOYRUHQVKHW
DSSDUDDWVFKRRQWHPDNHQ*HEUXLNJHHQYORHLEDUH
UHLQLJHUVRIDsURVROSURGXFWHQ*HEUXLNHHQYRFKWLJH
GRHNRPKHWDSSDUDDWVFKRRQWHPDNHQ

+HWDSSDUDDWQLHWGHPRQWHUHQ$OVGLWDSSDUDDWUHSDUDWLH
YHUHLVWQHHPGDQFRQWDFWRSPHWGHKHOSOLMQYDQ
NODQWHQVHUYLFHDDQJHJHYHQLQGH]H*HEUXLNVDDQZLM]LQJ

6WRSFRQWDFWHQQLHWRYHUEHODVWHQPHWYHUOHQJVQRHUHQ

+HWDSSDUDDWQLHWJHEUXLNHQWLMGHQVRQZHHU*HEUXLNHHQ
RYHUVSDQQLQJEHYHLOLJLQJRPKHWDSSDUDDWWH
EHVFKHUPHQ

'H]HWHOHIRRQQLHWJHEUXLNHQRPHHQJDVOHNWHPHOGHQ
YRRUDODOVXLQGHQDELMKHLGEHQWYDQHHQJDVOHLGLQJ
23*(/(7
*HEUXLNDOOHHQGHPHHJHOHYHUGHYRHGLQJVDGDSWHURPKHW
JHYDDURSEUDQGWHYHUPLQGHUHQ
'HVWHNNHUYDQGH]HGUDDGOR]HWHOHIRRQ
GLUHFWYHUZLMGHUHQDOV
 +HWQHWVQRHURIGHVWHNNHULVEHVFKDGLJGRIYHUVOHWHQ
 9ORHLVWRIRSKHWDSSDUDDWLVWHUHFKWJHNRPHQ
 +HWDSSDUDDWKHHIWEORRWJHVWDDQDDQUHJHQRIZDWHU'H
WHOHIRRQRIKHWEDVLVVWDWLRQQLHWKDQWHUHQWRWGDWXGH
VWHNNHUXLWKHWVWRSFRQWDFWKHEWYHUZLMGHUG3DNKHW
WRHVWHOGDDUQDYDVWELMKHWORVJHNRSSHOGHVQRHU
 +HWSURGXFWLVJHYDOOHQRIGHEHKXL]LQJLVEHVFKDGLJG
 +HWSURGXFWYHUWRRQWHHQGXLGHOLMNHYHUDQGHULQJLQJHGUDJ
,QVWDOODWLHDDQZLM]LQJHQ

$OOHDDQZLM]LQJHQLQDFKWQHPHQHQEHZDUHQRPODWHUWH
NXQQHQUDDGSOHJHQ

$OOHZDDUVFKXZLQJHQHQDDQZLM]LJHQRSKHWDSSDUDDWLQ
DFKWQHPHQ

+HWDSSDUDDWQLHWLQGHEXXUWYDQHHQEDGJRRWVWHHQRI
GRXFKHLQVWDOOHUHQ

*HEUXLNGH]HWHOHIRRQDOOHHQPHWGHYRHGLQJGLHRSKHW
LGHQWLILFDWLHSODDWMHLVDDQJHJHYHQ5DDGSOHHJXZ
OHYHUDQFLHUDOVXQLHW]HNHUEHQWYDQKHWHOHNWULVFKH
QHWZHUNLQXZKXLV

3ODDWVKHWDSSDUDDWQLHWRSHHQRQVWDELHOZDJHQWMH
VWHOOLQJRIWDIHO$OVKHWDSSDUDDWYDOWNDQKHWHUQVWLJ
EHVFKDGLJGZRUGHQ

$OOHHQGHEHGLHQLQJVHOHPHQWHQJHEUXLNHQGLHEHVSURNHQ
ZRUGHQLQGHJHEUXLNHUVKDQGOHLGLQJ2QMXLVWJHEUXLNRI
DQGHUHDDQJHVORWHQDSSDUDWXXUNDQVFKDGHYHURRU]DNHQ
HQYHUHLVWYHHODOXLWJHEUHLGRQGHUKRXGRPKHWDSSDUDDW
ZHHUQRUPDDOWHODWHQIXQFWLRQHUHQ

5HLQLJKHWDSSDUDDWPHWHHQ]DFKWHYRFKWLJHGRHN
*HEUXLNJHHQFKHPLVFKHUHLQLJLQJVPLGGHOHQRPGH
WHOHIRRQVFKRRQWHPDNHQ

*HEUXLNXLWVOXLWHQGGHPHHJHOHYHUGHYRHGLQJVDGDSWHU

2PGDWGHWHOHIRRQYDQVWURRPDIKDQNHOLMNLVPRHWX
PLQVWHQVppQH[WUDWHOHIRRQLQKXLVKHEEHQGLH]RQGHU
HOHNWULFLWHLWIXQFWLRQHHUW]RGDWXNXQWEHOOHQDOVGHVWURRP
XLWYDOW
 $OJHPHQHLQIRUPDWLH

3ODDWVKHWEDVLVVWDWLRQQLHWLQGHEXXUWYDQHHQWY
PDJQHWURQRYHQRI9&5RPLQWHUIHUHQWLHWHYRRUNRPHQ
%HKDQGHOLQJYDQGHEDWWHULM
 'HEDWWHULMQLHWDDQYXXUEORRWVWHOOHQGHPRQWHUHQ
EHVFKDGLJHQRIGRRUERUHQ'HEDWWHULMEHYDWJLIWLJHVWRIIHQ
GLHNXQQHQYULMNRPHQHQOHWVHONXQQHQYHURRU]DNHQ
23*(/(7
(UEHVWDDWH[SORVLHJHYDDUDOVGHEDWWHULMYHUYDQJHQZRUGHQ
PHWHHQYHUNHHUGW\SHEDWWHULM*HEUXLNXLWVOXLWHQGGHEDWWHULM
GLHPHWGH]HWHOHIRRQZHUGPHHJHOHYHUGRIHHQEDWWHULMGLH
GRRUGHIDEULNDQWLVDDQEHYROHQ
 +RXGEDWWHULMHQEXLWHQKHWEHUHLNYDQNLQGHUHQ
 9HUZLMGHUGHEDWWHULMDOVKHWDSSDUDDWODQJHUGDQGDJHQ
QLHWZRUGWJHEUXLNW
 %DWWHULMHQQRRLWLQYXXUJRRLHQRPGDWGH]HNXQQHQ
H[SORGHUHQ
 'HRSODDGEDUHEDWWHULMYRRUGLWDSSDUDDWPRHWRSFRUUHFWH
ZLM]HZRUGHQYHUZHUNWHQPRHWPRJHOLMNJHUHF\FOHG
ZRUGHQ+HWEDWWHULMW\SHLVRSGHEDWWHULMDDQJHJHYHQ
1HHPFRQWDFWRSPHWKHWSODDWVHOLMNUHF\FOLQJFHQWHUYRRU
LQIRUPDWLHRYHUFRUUHFWHYHUZLMGHULQJ
'(=(,16758&7,(6%(:$5(1
5HLQLJHQ
 5HLQLJGHKDQGVHWHQKHWEDVLVVWDWLRQRIGHRSODGHUPHW
HHQYRFKWLJHQLHWQDWWHGRHNRIPHWHHQDQWLVWDWLVFK
GRHNMH
 1RRLWKXLVKRXGHOLMNHVFKXXUPLGGHOHQJHEUXLNHQGLHKHW
SURGXFWNXQQHQEHVFKDGLJHQ*HEUXLNJHHQGURJHGRHN
RPGDWGLWVWDWLVFKHHOHNWULFLWHLWNDQYHURRU]DNHQ
0LOLHX
 +HWWRHVWHOQLHWEORRWVWHOOHQDDQGLUHFW]RQOLFKW
 'HKDQGVHWNDQZDUPZRUGHQDOVGHEDWWHULMHQRSJHODGHQ
ZRUGHQRIELMODQJGXULQJJHEUXLN'LWLVQRUPDDO:HUDGHQ
XHFKWHUDDQGHKDQGVHWQLHWRSDQWLHNHPHXEHOVRI
JHILQHHUGKRXWQHHUWHOHJJHQRPEHVFKDGLJLQJWH
YRRUNRPHQ
 /HJGHKDQGVHWQLHWRSHHQWDSLMWRIDQGHUHRSSHUYODNNHQ
PHWOLQWHQVWRIRIRSSODDWVHQPHWEHSHUNWHOXFKWFLUFXODWLH
 +HWWRHVWHOQLHWPHWZDWHULQFRQWDFWODWHQNRPHQHQQLHW
JHEUXLNHQLQXLWHUVWYRFKWLJHRPJHYLQJHQ]RDOV
EDGNDPHUV
 +HWWRHVWHOQLHWEORRWVWHOOHQDDQYXXUH[SORVLHYHRU
DQGHUHJHYDDUOLMNHFRQGLWLHV
 (UEHVWDDWHHQNOHLQHNDQVGDWXZWHOHIRRQEHVFKDGLJG
NDQZRUGHQGRRUEOLNVHP:HUDGHQDDQKHWWRHVWHOORVWH
NRSSHOHQYDQKHWVWRSFRQWDFWELMRQZHHU
$OJHPHQHLQIRUPDWLH 
9HUZLMGHULQJYDQXZSURGXFW
$DQZLM]LQJHQYRRUYHUZLMGHULQJYDQKHWSURGXFW
YRRUWKXLVJHEUXLNHUV
9HUZLMGHUGHEDWWHULMHQYDQKHWWRHVWHOHQOHYHUKHWSURGXFW
LQELMGHSODDWVHOLMNHUHF\FOLQJLQVWDQWLH1HHPFRQWDFWRS
PHWGHJHPHHQWHOLMNHLQVWDQWLHVRIPHWGHYHUNRSHUZDDUX
KHWSURGXFWNRFKW
$DQZLM]LQJHQYRRUYHUZLMGHULQJYDQKHWSURGXFW
YRRU]DNHOLMNHJHEUXLNHUV
=DNHOLMNHJHEUXLNHUVPRHWHQFRQWDFWRSQHPHQPHWKXQ
OHYHUDQFLHUVHQLQIRUPDWLHLQZLQQHQRYHUGHYRRUZDDUGHQHQ
FRQGLWLHVYDQKHWNRRSFRQWUDFWRPHU]HNHUYDQWH]LMQGDW
KHWSURGXFWQLHWLQKHWQRUPDOHDIYDOWHUHFKWNRPW
*DUDQWLHYRRUFRQVXPHQWHQSURGXFWHQHQ
DFFHVVRLUHV
'DQNXYRRUGHDDQNRRSYDQGLW0RWRURODPHUNSURGXFW
YHUYDDUGLJGRQGHUOLFHQWLHGRRU6XQFRUS7HFKQRORJLHV
/LPLWHG&KLQD5HVRXUFHV%XLOGLQJ+DUERXU
5RDG:DQ&KDL+RQJ.RQJ6XQFRUS
:DWGHNWGH]HJDUDQWLH"
681&2537(&+12/2*,(6/7'JDUDQGHHUWRQGHU
YRRUEHKRXGYDQRQGHUVWDDQGHXLW]RQGHULQJHQGDWGLW
0RWRURODPHUNSURGXFW3URGXFWRIJHFHUWLILFHHUGH
DFFHVVRLUH$FFHVVRLUHGLHYRRUGLWSURGXFWYHUNRFKW
ZRUGWJHHQGHIHFWHQKHHIWZDWEHWUHIWPDWHULDDORI
YDNPDQVFKDSELMQRUPDDOFRQVXPHQWHQJHEUXLNJHGXUHQGH
GHSHULRGHKLHURQGHUDDQJHJHYHQ'H]H%HSHUNWH*DUDQWLH
LVXZVSHFLILHNHJDUDQWLHHQLVQLHWRYHUGUDDJEDDU
:LHLVJHGHNW"
'H]HJDUDQWLHGHNWDOOHHQGHHHUVWHDDQNRSHUYDQKHW
SURGXFWHQLVQLHWRYHUGUDDJEDDU
:DW]DO681&2537(&+12/2*,(6/7'GRHQ"
681&2537(&+12/2*,(6/7'RIKDDUJHDXWRULVHHUGH
GLVWULEXWHXU]DOQDDUHLJHQLQ]LFKWHQELQQHQHHQ
FRPPHUFLHHOUHGHOLMNHSHULRGH3URGXFWHQRI$FFHVVRULHV
GLHQLHWYROGRHQDDQGHJDUDQWLH]RQGHUNRVWHQYHUYDQJHQRI
UHSDUHUHQ:LMNXQQHQHYHQWXHHOJHEUXLNPDNHQYDQ
IXQFWLRQHHOJHOLMNZDDUGLJHJHUHYLVHHUGHJHEUXLNWHRIQLHXZH
3URGXFWHQ$FFHVVRLUHVRIRQGHUGHOHQ
:HONHDQGHUHEHSHUNLQJHQ]LMQHU"
$//(,03/,&,(7(*$5$17,(60(7,1%(*5,39$1
0$$51,(7%(3(5.7727,03/,&,(7(*$5$17,(6
9$19(5.223%$$5+(,'(1*(6&+,.7+(,'9225
(1,*%(3$$/''2(/,6%(3(5.7727'('8859$1
'(=(%(3(5.7(*$5$17,($1'(56,6'(
5(3$5$7,(2)9(59$1*,1*:$$5'(=(
8,7'58..(/,-.%(3(5.7(*$5$17,(,19225=,(7
+(7(1,*((&+79$1'(&21680(17(1:25'7
9(5675(.7,13/$$769$1$//($1'(5(
8,7'58..(/,-.(2)9(521'(567(/'(*$5$17,(6
,1*((1*(9$/=$/027252/$2)681&253
 $OJHPHQHLQIRUPDWLH
7(&+12/2*,(6/7'$$1635$.(/,-.=,-1+(7=,-
&2175$&78((/+(7=,-'225215(&+70$7,*(
'$$',1&/86,()1$/$7,*+(,'92256&+$'(',(
+2*(5,6'$1'($$16&+$)35,-69$1+(7
352'8&72)'($&&(662,5(2)9225(1,*(
,1',5(&7(,1&,'(17(/(%,-=21'(5(2)
*(92/*6&+$'(9$1(1,*(622572)9(5/,(69$1
,1.2067(12):,167(19(5/,(69$1+$1'(/
9(5/,(69$1,1)250$7,(2)$1'(5),1$1&,((/
9(5/,(6922579/2(,(1'8,72)9(5%$1'
+28'(1'0(7+(79(502*(12)219(502*(1
'(=(352'8&7(12)$&&(662,5(67(192//(7(
*(%58,.(1,1=29(55('(=(6&+$'(6:(77(/,-.
$)*(:(=(1.811(1:25'(1
6RPPLJHUHFKWVJHELHGHQVWDDQEHSHUNLQJRIXLWVOXLWLQJYDQ
LQFLGHQWHOHRIJHYROJVFKDGHQLHWWRHRIKHEEHQEHSHUNLQJHQ
RSGHGXXUYDQHHQLPSOLFLHWHJDUDQWLHGXVGH
ERYHQVWDDQGHEHSHUNLQJHQHQXLWVOXLWLQJHQ]LMQPRJHOLMNQLHW
RSXYDQWRHSDVVLQJ'H]HJDUDQWLHJHHIWXVSHFLILHNH
ZHWWHOLMNHUHFKWHQHQXNXQWRRNDQGHUHUHFKWHQKHEEHQGLH
LQYHUVFKLOOHQGHUHFKWVKHEEHQGHYHUVFKLOOHQGNXQQHQ]LMQ
8LWVOXLWLQJHQ
1RUPDOHVOLMWDJH3HULRGLHNRQGHUKRXGUHSDUDWLHHQ
YHUYDQJLQJYDQRQGHUGHOHQGRRUQRUPDOHVOLMWDJH]LMQ
XLWJH]RQGHUGYDQGHGHNNLQJ
%DWWHULMHQ$OOHHQEDWWHULMHQZDDUYDQGHFDSDFLWHLWRQGHU
YDOWHQEDWWHULMHQGLHOHNNHQ]LMQJHGHNWGRRUGH]H
EHSHUNWHJHUDQWLH
0LVEUXLN9HUNHHUGJHEUXLN'HIHFWHQRIVFKDGHGLHKHW
JHYROJ]LMQYDQDRQMXLVWJHEUXLNRSVODJPLVEUXLNRI
*HGHNWHSURGXFWHQ 'XXUYDQGHGHNNLQJ
&RQVXPHQWHQSURGXFWHQ
7ZHHMDDUYDQDIGHGDWXP
GDWKHWRULJLQHOHSURGXFWZHUG
JHNRFKWGRRUGHHHUVWH
FRQVXPHQWHQGLHKHWSURGXFW
NRFKW
&RQVXPHQWHQDFFHVVRLUHV
EDWWHULMYRHGLQJHQ
VQRHUHQ
1HJHQWLJGDJHQYDQDI
GHGDWXPGDWKHWRULJLQHOH
DFFHVVRLUZHUGJHNRFKWGRRU
GHHHUVWHFRQVXPHQWHQGLH
KHWSURGXFWNRFKW
&RQVXPPHQWHQSURGXFWHQ
HQ$FFHVVRLUHVGLH
JHUHSDUHHUGRIYHUYDQJHQ
ZRUGHQ
'HEDODQVYDQGHRULJLQHOH
JDUDQWLHRIYRRUQHJHQWLJ
GDJHQYDQDIGHGDWXP
JHUHWRXUQHHUGGRRUGH
FRQVXPHQWRIZHONHRSGDW
PRPHQWGHODQJVWHLV
$OJHPHQHLQIRUPDWLH 
YHUNHHUGJHEUXLNRQJHOXNNHQRIQDODWLJKHLG]RDOVI\VLHNH
VFKDGHVFKHXUHQNUDVVHQHQ]RSKHWRSSHUYODNYDQKHW
SURGXFWDOVJHYROJYDQPLVEUXLNEFRQWDFWPHWYORHLVWRI
ZDWHUUHJHQH[WUHPHYRFKWLJKHLGRI]ZDUHWUDQVSLUDWLH
]DQGYXLOHQGHUJHOLMNH[WUHPHKLWWHRIYRHGVHOFJHEUXLN
YDQGH3URGXFWHQRI$FFHVVRLUHVYRRUFRPPHUFLsOH
GRHOHLQGHQRIKHW3URGXFWRI$FFHVVRLUHVRQGHUZHUSHQDDQ
DEQRUPDDOJHEUXLNRIRPVWDQGLJKHGHQRIGDQGHUH
KDQGHOLQJHQEXLWHQGHVFKXOGYDQ0RWRURODRI681&253
7(&+12/2*,(6/7']LMQXLWJHVORWHQYDQGHGHNNLQJ
*HEUXLNYDQ3URGXFWHQHQ$FFHVRLUHVGLHQLHWYDQKHW
PHUN0RWRUROD]LMQ'HIHFWHQRIVFKDGHGLHUHVXOWHHUWYDQ
KHWJHEUXLNYDQ3URGXFWHQRI$FFHVRLUHVGLHQLHWYDQKHW
PHUN0RWRUROD]LMQRIQLHWGRRU0RWRUROD]LMQJHFHUWLILFHHUG
RIDQGHUHUDQGDSSDUDWXXUYDOOHQQLHWRQGHUGHGHNNLQJ
2QEHYRHJGHVHUYLFHRIZLM]LJLQJHQ'HIHFWHQRIVFKDGH
GLHUHVXOWHHUWYDQVHUYLFHWHVWHQZLM]LJLQJHQLQVWDOODWLH
RQGHUKRXGPRGLILFDWLHRSHQLJHZLM]HGRRULHPDQGGLHQLHW
GHHOXLWPDDNWYDQ0RWRUROD681&2537(&+12/2*,(6
/7'RI]LMQHUNHQGVHUYLFHFHQWHUVYDOOHQQLHWRQGHUGH
GHNNLQJ
*HZLM]LJGHSURGXFWHQ3URGXFWHQRIDFFHVVRLUHVPHWHHQ
VHULHQXPPHUVRIGDWXPWDJVGLH]LMQYHUZLMGHUGJHZLM]LJGRI
JHZLVWEJHEURNHQ]HJHOVRIDDQZLM]LQJHQYDQGHPRQWDJH
FQLHWFRUUHVSRQGHUHQGHERDUGVHULHQXPPHUVRIG
IRXWLYHRQGHUGHOHQRIDQGHUHRQGHUGHOHQGLHQLHWYDQ
0RWRUROD]LMQYDOOHQQLHWRQGHUGHGHNNLQJ
&RPPXQLFDWLHGLHQVWHQ'HIHFWHQVFKDGHRIVWRULQJHQLQ
3URGXFWHQRI$FFHVVRLUHVYHURRU]DDNWGRRU
FRPPXQLFDWLHVHUYLFHVRIVLJQDOHQZDDUXRSJHDERQQHHUG
EHQWRIGLHPHWGH3URGXFWHQRI$FFHVVRLUHVJHEUXLNW
ZRUGHQYDOOHQQLHWRQGHUGHGHNNLQJ
9HUNULMJHQYDQ*DUDQWLHVHUYLFHRIDQGHUH
LQIRUPDWLH
9RRUVHUYLFHRILQIRUPDWLHEHOWXQDDUKHWRQGHUVWDDQGH
QXPPHU
8]XOWDDQZLM]LQJHQRQWYDQJHQYRRUKHWRSHLJHQNRVWHQ
YHUVWXUHQYDQGH3URGXFWHQRI$FFHVVRLUHVQDDU681&253
7(&+12/2*,(6/7'RIQDDUGRRU681&253
7(&+12/2*,(6/7'HUNHQGHVHUYLFHEXUHDXV+HWLVGH
YHUDQWZRRUGHOLMNKHLGYDQGHNRSHURPFRQWDFWRSWHQHPHQ
PHWKHWSODDWVHOLMNHHUNHQGHVHUYLFHFHQWUXPGLVWULEXWHXUHQ
RPKHWSURGXFWRSULVLFRYDQGHNRSHUQDDUKHWHUNHQGH
VHUYLFHFHQWUXPWHEUHQJHQ
*HDXWRULVHHUGVHUYLFHFHQWUXP
2PVHUYLFHWHYHUNULMJHQPRHWXGHYROJHQGHJHJHYHQV
RYHUOHJJHQDKHW3URGXFWRI$FFHVVRLUHERULJLQHHO
EHZLMVYDQDDQNRRSQRWDPHWGHGDWXPSODDWVHQYHUNRSHU
YDQKHW3URGXFWFLQGLHQHHQJDUDQWLHEHZLMVZDV
ELMJHVORWHQLQGHYHUSDNNLQJHHQLQJHYXOGHJDUDQWLHNDDUW
PHWVHULHQXPPHUYDQKHW3URGXFWGHHQJHVFKUHYHQXLWOHJ
YDQKHWSUREOHHPPHWKHWSURGXFWHQKHWEHODQJULMNVWHH
XZDGUHVHQWHOHIRRQQXPPHU
 $OJHPHQHLQIRUPDWLH
7HFKQLVFKHLQIRUPDWLRQ
+RHYHHOWHOHIRRQVNDQLNJHEUXLNHQ"
$OOHWHOHIRRQDSSDUDWXXUKHHIWHHQDDQVOXLWIDFWRUZHONH
JHEUXLNWZRUGWRPWHEHUHNHQHQKRHYHHOWRHVWHOOHQRSHHQ
HQNHOHWHOHIRRQOLMQNXQQHQZRUGHQDDQJHVORWHQ8Z'
KHHIWHHQDDQVOXLWIDFWRUYDQ(HQWRWDDOYDQLV
WRHJHVWDDQ$OVKHWWRWDDOYDQZRUGWRYHUVFKUHGHQLV
KHWPRJHOLMNGDWGHWHOHIRRQQLHWRYHUJDDW:DQQHHU
YHUVFKLOOHQGHVRRUWHQWHOHIRRQVJHEUXLNWZRUGHQLVKHWQLHW
JHJDUDQGHHUGGDWGHWHOHIRRQRYHUJDDWRRNDOVGH
DDQVOXLWIDFWRUPLQGHULVGDQ
(YHQWXHOHH[WUDKDQGVHWVHQRSODGHUVGLHXDDQPHOGW
KHEEHQHHQDDQVOXLWIDFWRUYDQ
$DQVOXLWLQJRSHHQWHOHIRRQFHQWUDOH
'LWSURGXFWLVEHGRHOGYRRUJHEUXLNELQQHQGH%HQHOX[YRRU
DDQVOXLWLQJRSKHWRSHQEDUHWHOHIRRQQHWZHUN
)ODVKWLMG
0RJHOLMNPRHWXGH)ODVKIXQFWLHJHEUXLNHQDOVX
DDQJHVORWHQEHQWYLDHHQKXLVRINDQWRRUFHQWUDOH1HHP
FRQWDFWRSPHWXZOHYHUDQFLHUYRRUQDGHUHELM]RQGHUKHGHQ
 $OJHPHQHLQIRUPDWLH
Declaration of Conformity (DoC)
Suncorp
declares that the following products:
Brandname: Motorola
Type: D401, D402, D403, D404, D411, D412, D413 and D414
Descriptions: DECT phone with telephone answering machine (D41x) and
without telephone answering machine (D40x),
and their multi-handset versions.
to which this declaration related is in conformity with the essential requirements of the following
directives of the Council of the European Communities:
- R&TTE Directive (1999/5/EC)
- Ecodesign Directive (2005/32/EC)
The products are compliant with the following standards:
Safety: EN60950-1:2006
EMC: EN301489-1 v1.8.1 and EN301489-6 v1.2.1
RF Spectrum: EN301406 v1.5.1
Ecodesign: EC No 278/2009, 6 April 2009
For and on behalf of Suncorp Global Limited,
Signature: ______________________
Printed name & Position: CW Cheung - Chief Technical Officer
Date: 3
rd
May 2010
Place: 3001-3005 China Resources Building, 26 Harbour Road,
Wan Chai, Hong Kong
CW
2010.05.03 19:31:54 +08'00'
 
9HUYDDUGLJGJHGLVWULEXHHUGHQYHUNRFKWGRRU
6XQFRUS7HFKQRORJLHV/WGRIILFLHHOOLFHQWLHKRXGHU
YDQGLWSURGXFW027252/$HQKHWJHVWLOHHUGH0
ORJRHQDQGHUH0RWRURODKDQGHOVPHUNHQHQPHUNHQ
]LMQHLJHQGRPYDQ0RWRUROD,QFHQ]LMQRQGHU
OLFHQWLHYDQ0RWRUROD,QFJHEUXLNW027252/$HQ
KHWJHVW\OHHUGH0ORJR]LMQJHUHJLVWUHHUGELMKHW86
3DWHQW7UDGHPDUN2IILFH$OOHDQGHUHSURGXFWRI
VHUYLFHQDPHQ]LMQHLJHQGRPYDQKXQ
UHVSHFWLHYHOLMNHHLJHQDDUV
0RWRUROD,QF$OOHUHFKWHQYRRUEHKRXGHQ
9HUVLRQ1/
10

Brauchen Sie Hilfe? Stellen Sie Ihre Frage.

Forenregeln

Missbrauch melden von Frage und/oder Antwort

Libble nimmt den Missbrauch seiner Dienste sehr ernst. Wir setzen uns dafür ein, derartige Missbrauchsfälle gemäß den Gesetzen Ihres Heimatlandes zu behandeln. Wenn Sie eine Meldung übermitteln, überprüfen wir Ihre Informationen und ergreifen entsprechende Maßnahmen. Wir melden uns nur dann wieder bei Ihnen, wenn wir weitere Einzelheiten wissen müssen oder weitere Informationen für Sie haben.

Art des Missbrauchs:

Zum Beispiel antisemitische Inhalte, rassistische Inhalte oder Material, das zu einer Gewalttat führen könnte.

Beispielsweise eine Kreditkartennummer, persönliche Identifikationsnummer oder unveröffentlichte Privatadresse. Beachten Sie, dass E-Mail-Adressen und der vollständige Name nicht als private Informationen angesehen werden.

Forenregeln

Um zu sinnvolle Fragen zu kommen halten Sie sich bitte an folgende Spielregeln:

Neu registrieren

Registrieren auf E - Mails für Motorola D404 wenn:


Sie erhalten eine E-Mail, um sich für eine oder beide Optionen anzumelden.


Andere Handbücher von Motorola D404

Motorola D404 Bedienungsanleitung - Englisch - 44 seiten

Motorola D404 Bedienungsanleitung - Französisch - 41 seiten


Das Handbuch wird per E-Mail gesendet. Überprüfen Sie ihre E-Mail.

Wenn Sie innerhalb von 15 Minuten keine E-Mail mit dem Handbuch erhalten haben, kann es sein, dass Sie eine falsche E-Mail-Adresse eingegeben haben oder dass Ihr ISP eine maximale Größe eingestellt hat, um E-Mails zu erhalten, die kleiner als die Größe des Handbuchs sind.

Ihre Frage wurde zu diesem Forum hinzugefügt

Möchten Sie eine E-Mail erhalten, wenn neue Antworten und Fragen veröffentlicht werden? Geben Sie bitte Ihre Email-Adresse ein.



Info