Bosch DWZ0AX5C0(00) CleanAir Recirculation Kit User Manual

*9001247545*  



Ø 0RQWDJHDQOHLWXQJ

Ú ,QVWDOODWLRQLQVWUXFWLRQV

Ò Οωινανγπρανζίλνμρίε

Ö 0RQWiçQtQiYRG

× 0RQWHULQJVYHMOHGQLQJ

Ù 

Û ,QVWUXFFLRQHVGHPRQWDMH

Ü 3DLJDOGXVMXKHQG

Ý $VHQQXVRKMH

Þ 1RWLFHGHPRQWDJH

à 8SXWH]DPRQWDçX

á 6]HUHOpVL~WPXWDWy

â ,VWUX]LRQLSHULOPRQWDJJLR

ä 0RQWDYLPRLQVWUXNFLMD

å 0RQWąçDVLQVWUXNFLMD

æ ΢ξίρπρανζίλνμρίεί

é ,QVWDOODWLHYRRUVFKULIW

ê 0RQWHULQJVYHLOHGQLQJ

ë ,QVWUXNFMDPRQWDŰX

ì ,QVWUXo}HVGHPRQWDJHP

í ,QVWUXFŘLXQLGHPRQWDM

î Ημπροςιυηώξνλνμρίες

ï 0RQWiçQ\QiYRG

ð 1DYRGLOD]DPRQWDçR

ñ 8GKs]LPSsUPRQWLP

ò 8SXWVWYRRSRVWDYOMDQMX

ó 0RQWHULQJVDQYLVQLQJ

ô 0RQWDMN×ODYX]X

[



[

PP

PP

PP



























0RQWDJHDQOHLWXQJ

: :LFKWLJH6LFKHUKHLWVKLQZHLVH

'LHVH$QOHLWXQJVRUJIlOWLJOHVHQ1XUGDQQN|QQHQ6LH,KU*HUlW

VLFKHUXQGULFKWLJEHGLHQHQ'LH*HEUDXFKVXQG0RQWDJHDQOHL

WXQJIUHLQHQVSlWHUHQ*HEUDXFKRGHUIU1DFKEHVLW]HUDXIEH

ZDKUHQ

1XUEHLIDFKJHUHFKWHP(LQEDXHQWVSUHFKHQGGHU0RQWDJHDQOHL

WXQJLVWGLH6LFKHUKHLWEHLP*HEUDXFKJHZlKUOHLVWHW'HU,QVWDOOD

WHXULVWIUGDVHLQZDQGIUHLH)XQNWLRQLHUHQDP$XIVWHOOXQJVRUW

YHUDQWZRUWOLFK

9HUOHW]XQJVJHIDKU

,VW GDV *HUlW QLFKW RUGQXQJVJHPl EHIHVWLJW NDQQ HV KHUDEIDOOHQ

$OOH%HIHVWLJXQJVHOHPHQWHPVVHQIHVWXQGVLFKHUPRQWLHUWZHU

GHQ

6WURPVFKODJJHIDKU

%DXWHLOHLQQHUKDOEGHV*HUlWHVN|QQHQVFKDUINDQWLJVHLQ'DV

$QVFKOXVVNDEHONDQQEHVFKlGLJWZHUGHQ$QVFKOXVVNDEHOZlK

UHQGGHU,QVWDOODWLRQQLFKWNQLFNHQRGHUHLQNOHPPHQ

9HUOHW]XQJVJHIDKU

%DXWHLOHLQQHUKDOEGHV*HUlWHVN|QQHQVFKDUINDQWLJVHLQ6FKXW]

KDQGVFKXKHWUDJHQ

(UVWLFNXQJVJHIDKU

9HUSDFNXQJVPDWHULDOLVWIU.LQGHUJHIlKUOLFK.LQGHUQLHPLW9HU

SDFNXQJVPDWHULDOVSLHOHQODVVHQ

,QVWDOODWLRQ

$FKWXQJ

6WHOOHQ6LHVLFKHUGDVVVLFKLP%HUHLFKGHU%RKUXQJHQNHLQH

6WURPOHLWXQJHQ*DVRGHU:DVVHUURKUHEHILQGHQ

■ 3RVLWLRQHQIUGLH6FKUDXEHQXQGGLH.RQWXUGHV(LQKlQJHEH

UHLFKVDQ]HLFKQHQ

/|FKHUPLWPPXQG%RKUWLHIHPPERKUHQXQGGLH'EHO

ZDQGEQGLJHLQGUFNHQ %LOG 

■ $NWLYNRKOHILOWHUKHUDXVQHKPHQXQGGLH)ROLHHQWIHUQHQ %LOG 

■ 'DV8POXIWPRGXOXQGGHQ+DOWHZLQNHOIUGLH.DPLQYHUEOHQ

GXQJDQVFKUDXEHQ %LOG 

■ 6FKODXFKPLWGHQ]ZHL5RKUVFKHOOHQDP8POXIWPRGXOXQGDP

/XIWVWXW]HQGHU'XQVWDE]XJVKDXEHEHIHVWLJHQ

6FKODXFKPXVVVWUDIIVHLQEHL%HGDUINU]HQ %LOG 

■ 6FKUlJDGDSWHUDXIGHU.DPLQYHUEOHQGXQJDXIVHW]HQ %LOG 

■ .DPLQYHUEOHQGXQJDXIGHP*HUlWDXIVHW]HQ

,QQHUH.DPLQYHUEOHQGXQJPLWGHQ6FKOLW]HQQDFKXQWHQPRQWLH

UHQ %LOG 

■ 2EHUH.DPLQYHUEOHQGXQJIHVWKDOWHQXQGQDFKREHQ]LHKHQ

%LOG 

■ 6HLWHQEOHFKHGHU.DPLQYHUEOHQGXQJOHLFKWDXVHLQDQGHUELHJHQ

KLQWHU GHQ +DOWHZLQNHO HLQKlQJHQ XQG ELV ]XP $QVFKODJ ]XVDP

PHQGUFNHQ %LOG 

■ .DPLQYHUEOHQGXQJIHVWVFKUDXEHQ %LOG 

■ $NWLYNRKOHILOWHUHLQVHW]HQ %LOG 

■ 'LH %OHQGH VFKUlJ DQVHW]HQ OHLFKW QDFK REHQ GUFNHQ XQG QDFK

KLQWHQVFKLHEHQ'LH$XVVSDUXQJHQDQGHU%OHQGHPVVHQ

GDEHLEHUGLH6LFKHUXQJVERO]HQJHIKUWZHUGHQ %LOG 

$NWLYNRKOHILOWHUIU8POXIWEHWULHE

$NWLYNRKOHILOWHUELQGHQGLH*HUXFKVVWRIIHLP8POXIWEHWULHE:HFK

VHOQ6LHGHQ$NWLYNRKOHILOWHUEHLQRUPDOHP%HWULHEWlJOLFKFLUFD

6WXQGH[LP-DKUDXV

+LQZHLV $NWLYNRKOHILOWHUHQWKDOWHQNHLQH6FKDGVWRIIHXQGN|QQHQ

LP+DXVPOOHQWVRUJWZHUGHQ

$NWLYNRKOHILOWHUDXVWDXVFKHQ

 %OHQGHOHLFKWQDFKREHQGUFNHQXQGQDFKYRUQH]LHKHQ

 $NWLYNRKOHILOWHUDXVEDXHQ

 1HXHQ$NWLYNRKOHILOWHUHLQVHW]HQ %LOG 

 'LH %OHQGH VFKUlJ DQVHW]HQ OHLFKW QDFK REHQ GUFNHQ XQG QDFK

KLQWHQ VFKLHEHQ 'LH $XVVSDUXQJHQ DQ GHU %OHQGH PVVHQ GDEHL

EHUGLH6LFKHUXQJVERO]HQJHIKUWZHUGHQ %LOG 

,QVWDOODWLRQLQVWUXFWLRQV

: ,PSRUWDQWVDIHW\LQIRUPDWLRQ

5HDGWKHVHLQVWUXFWLRQVFDUHIXOO\2QO\WKHQZLOO\RXEHDEOHWR

RSHUDWH\RXUDSSOLDQFHVDIHO\DQGFRUUHFWO\5HWDLQWKHLQVWUXFWLRQ

PDQXDODQGLQVWDOODWLRQLQVWUXFWLRQVIRUIXWXUHXVHRUIRU

VXEVHTXHQWRZQHUV

7KHDSSOLDQFHFDQRQO\EHXVHGVDIHO\LILWLVFRUUHFWO\LQVWDOOHG

DFFRUGLQJ WR WKH VDIHW\ LQVWUXFWLRQV 7KH LQVWDOOHU LV UHVSRQVLEOH IRU

HQVXULQJWKDWWKHDSSOLDQFHZRUNVSHUIHFWO\DWLWVLQVWDOODWLRQ

ORFDWLRQ

5LVNRILQMXU\

7KH DSSOLDQFH PD\ IDOO GRZQ LI LW KDV QRW EHHQ SURSHUO\ IDVWHQHG LQ

SODFH$OOIDVWHQLQJFRPSRQHQWVPXVWEHIL[HGILUPO\DQGVHFXUHO\

5LVNRIHOHFWULFVKRFN

&RPSRQHQWVLQVLGHWKHDSSOLDQFHPD\KDYHVKDUSHGJHV7KHVH

PD\GDPDJHWKHFRQQHFWLQJFDEOH'RQRWNLQNRUSLQFKWKH

FRQQHFWLQJFDEOHGXULQJLQVWDOODWLRQ

5LVNRILQMXU\

&RPSRQHQWVLQVLGHWKHDSSOLDQFHPD\KDYHVKDUSHGJHV:HDU

SURWHFWLYHJORYHV

'DQJHURIVXIIRFDWLRQ

3DFNDJLQJPDWHULDOLVGDQJHURXVWRFKLOGUHQ1HYHUDOORZFKLOGUHQ

WRSOD\ZLWKSDFNDJLQJPDWHULDO

,QVWDOODWLRQ

&DXWLRQ

(QVXUHWKDWWKHUHDUHQRHOHFWULFDOZLUHVJDVSLSHVRUZDWHUSLSHV

LQWKHDUHDZKHUHKROHVDUHWREHGULOOHG

■ 0DNHPDUNVZKHUHWKHVFUHZVDUHWREHLQVHUWHGDQGPDUNRQ

WKHRXWOLQHRIWKHDWWDFKPHQWDUHD

'ULOOPPGLDPHWHUKROHVWRDGHSWKRIPPDQGSUHVVLQWKH

ZDOOSOXJVIOXVKZLWKWKHZDOO )LJ

■ 5HPRYHWKHDFWLYDWHGFKDUFRDOILOWHUDQGWKHILOP )LJ

■ 6FUHZRQWKHDLUUHFLUFXODWLRQPRGXOHDQGDQJOHEUDFNHWIRUWKH

IOXHGXFW )LJ

■ 8VHWKHWZRSLSHFODPSVWRVHFXUHWKHKRVHWRWKHDLU

UHFLUFXODWLRQPRGXOHDQGWKHDLUSLSHFRQQHFWRURQWKHH[WUDFWRU

KRRG

7KHKRVHPXVWEHWDXWVKRUWHQLWLIQHFHVVDU\ )LJ

■ 3ODFHWKHDQJOHGDGDSWRURQWKHIOXHGXFW )LJ

■ 3ODFHWKHIOXHGXFWRQWKHDSSOLDQFH

)LWWKHLQQHUIOXHGXFWVHFWLRQZLWKLWVVORWVIDFLQJGRZQZDUGV

)LJ

■ +ROGWKHXSSHUIOXHGXFWVHFWLRQLQSODFHDQGSXOOLWXS )LJ

■ *HQWO\SXVKWKHVLGHSDQHOVRIWKHIOXHGXFWDSDUWKRRNWKHPLQ

EHKLQGWKHDQJOHEUDFNHWDQGWKHQSXVKWKHPEDFNWRJHWKHUDV

IDUDVWKH\ZLOOJRLHXQWLOWKH\DUHWRXFKLQJWKHHQGVRIWKH

EUDFNHW )LJ

■ 6FUHZWKHIOXHGXFWLQSODFH )LJ

■ ,QVHUWWKHDFWLYDWHGFKDUFRDOILOWHU )LJ

■ 3RVLWLRQ WKH FRYHU DW DQ DQJOH SXVK LW XS VOLJKWO\ DQG WKHQ VOLGH LW

EDFN:KHQ\RXGRWKLVWKHFXWRXWVLQWKHFRYHUPXVWEH

JXLGHGRYHUWKHVDIHW\EROWV )LJ

$FWLYDWHGFKDUFRDOILOWHUIRUDLUUHFLUFXODWLRQPRGH

$FWLYDWHGFKDUFRDOILOWHUVELQGRGRURXVVXEVWDQFHVLQDLU

UHFLUFXODWLRQ PRGH :LWK QRUPDO XVH DSSUR[ RQH KRXU D GD\ WKH

DFWLYDWHGFKDUFRDOILOWHUVKRXOGEHUHSODFHGRQFHD\HDU

1RWH $FWLYDWHGFKDUFRDOILOWHUVGRQRWFRQWDLQDQ\KDUPIXO

VXEVWDQFHVDQGWKH\FDQEHGLVSRVHGRIZLWK\RXUQRUPDO

KRXVHKROGZDVWH

5HSODFLQJWKHDFWLYDWHGFKDUFRDOILOWHU

 3XVKWKHFRYHUXSVOLJKWO\DQGWKHQSXOOLWWRZDUGV\RX

 5HPRYHWKHDFWLYDWHGFKDUFRDOILOWHU

 ,QVHUWWKHQHZDFWLYDWHGFKDUFRDOILOWHU )LJ

 3RVLWLRQ WKH FRYHU DW DQ DQJOH SXVK LW XS VOLJKWO\ DQG WKHQ VOLGH LW

EDFN :KHQ \RX GR WKLV WKH FXWRXWV LQ WKH FRYHU PXVW EH JXLGHG

RYHUWKHVDIHW\EROWV )LJ



ΚτδθάθήλμάθαΪζθημΪΰ

: Αίεμηςιίζίμηώζίΰδζνξίπμνπρ

ΌηβζΪμίεηθ ικθρίμίμί μθάΪ κτδθάθήλμάθ ΛΪζθ μθέΪάΪ ζθΰίμί ήΪ

βαιθεαάΪμίνκίήΪλβΫίαθιΪληθβικΪάβεηθΚτδθάθήλμάθμθαΪ

νιθμκίΫΪβζθημΪΰήΪλίλτοκΪηωάΪαΪιθδτληΪνιθμκίΫΪβεβαΪ

λείήάΪσβωλθΫλμάίηβδ

ΛΪζθικβδΪρίλμάίηθάέκΪΰήΪηίλτέεΪληθβηλμκνδπβωμΪαΪ

ζθημΪΰλίέΪκΪημβκΪλβένκηθλμμΪικβκΪΫθμΪΒηλμΪεβκΪσβωμί

θμέθάθκίηαΪΫίανικίρηθμθξνηδπβθηβκΪηίηΪζωλμθμθηΪ

ιθλμΪάωηί

Νξίπμνπρνρμίοίμώαίμδ

ΊδθνκίήτμηίίικΪάβεηθαΪδκίιίημθγζθΰίήΪιΪήηίΌλβρδβ

ίείζίημβαΪαΪδκίιάΪηίμκωΫάΪήΪλΪαήκΪάθβΫίαθιΪληθ

ζθημβκΪηβ

Νξίπμνπρνρρνιναςγίο

ΔθζιθηίημβμίάνκίήΪζθέΪμήΪλΪλθλμκβκτΫθάίΔΪΫίετμαΪ

λάτκαάΪηίζθΰίήΪλίιθάκίήβΔΪΫίετμαΪλάτκαάΪηίιθάκίζί

ηΪβηλμΪεΪπβωμΪηίΫβάΪήΪλίθέτάΪβεβαΪσβιάΪ

Νξίπμνπρνρμίοίμώαίμδ

ΔθζιθηίημβμίάνκίήΪζθέΪμήΪλΪλθλμκβκτΫθάίΗθλίμί

αΪσβμηβκτδΪάβπβ

Νξίπμνπρνρζίγςχίαίμδ

ΘιΪδθάτρηβωμζΪμίκβΪείθιΪλίηαΪήίπΪΗβδθέΪηί

ιθαάθεωάΪγμίηΪήίπΪήΪβέκΪωμλθιΪδθάτρηβωζΪμίκβΪε

Ημπρίκίυηώ

Αμηλίμηδ

ΝάίκίμίλίρίάαθηΪμΪηΪθμάθκβμίηωζΪίείδμκβρίλδβ

ικθάθήηβπβμκτΫβαΪέΪαβεβαΪάθήΪ

■ ΘρίκμΪγμίιθαβπββμίηΪάβημθάίμίβδθημνκΪηΪαθηΪμΪηΪ

θδΪράΪηί

ΙκθΫβγμίθμάθκβλήβΪζίμτκ ζζβήτεΫθρβηΪ ζζβ

ικβμβληίμίήψΫίεβμίιετμηθήθλμίηΪμΪ σηβ 

■ ΒαάΪήίμίξβεμτκΪλΪδμβάίηάτέείηβλάΪείμίξθεβθμθ σηβ 

■ ΑΪάβημίμίζθήνεΪαΪκίπβκδνεβκΪσάταήνοβαΪήτκΰΪσβωμ

τέτεαΪθΫςβάδΪμΪηΪήβζθθμάθήΪ σηβ 

■ ΑΪδκίιίμίζΪκδνρΪλήάίλδθΫβαΪμκτΫβάτκονζθήνεΪαΪ

κίπβκδνεβκΪσάταήνοβηΪδκΪγηβδΪαΪάταήνοηΪΪΫλθκΫΪμθκΪ

ΖΪκδνρτμμκωΫάΪήΪίθΫμίέηΪμικβηνΰήΪλδτλίμί σηβ 

■ ΙθλμΪάίμίλδθλίηΪήΪιμίκάτκονθΫςβάδΪμΪηΪήβζθθμάθήΪ

σηβ 

■ ΙθλμΪάίμίθΫςβάδΪμΪηΪήβζθθμάθήΪάτκοννκίήΪ

ΙκβκίΰβζλθμκΪΫθμίηάταήνοζθημβκΪγμίάτμκίςηΪμΪ

θΫςβάδΪηΪήβζθθμάθήΪλθμάθκβμίηΪήθεν σηβ 

■ ΑΪήκτΰμίέθκηΪμΪθΫςβάδΪηΪήβζθθμάθήΪββαμίέείμίηΪέθκί

σηβ 

■ ΘέτηίμίείδθλμκΪηβρηβμίζίμΪεηβεβλμΪηΪθΫςβάδΪμΪηΪ

ήβζθθμάθήΪαΪδΪρίμίέβαΪήτέτεΪαΪαΪήτκΰΪηίβικβμβληίμί

ήθδκΪγ σηβ 

■ ΑΪάβημίμίθΫςβάδΪμΪηΪήβζθθμάθήΪ σηβ 

■ ΙθλμΪάίμίξβεμτκλΪδμβάίηάτέείη σηβ 

■ ΙθλμΪάίμίλδθλίηθΫείηήΪμΪικβμβληίμίείδθηΪέθκίβ

ηΪμβληίμίηΪαΪήΘμάίκλμβωμΪιθΫείηήΪμΪμκωΫάΪήΪικίζβηΪμ

άτκονθΫίαθιΪλβμίεηβμίΫθεμθάί σηβ 

Σηκρωο π ίιρηαδμ αωβκδμ ζί οίΰνρί π υηοιςκηοίψ

αωζγςτ

ΞβεμκβμίλΪδμβάίηάτέείηλάτκαάΪμάίσίλμάΪμΪθμήίεωσβ

ζβκβαζΪικβκΪΫθμΪλπβκδνεβκΪσάταήνοΛζίηωγμίξβεμτκΪλ

ΪδμβάίηάτέείηικβηθκζΪεηΪκΪΫθμΪίΰίήηίάηθθδθεθρΪλ

ίήβηιτμάέθήβηΪμΪ

΢ιίζίμηδ ΞβεμκβμίλΪδμβάίηάτέείηηίλτήτκΰΪμάκίήηβ

άίσίλμάΪβζθέΪμήΪλίβαοάτκεωμικβΫβμθάβμίθμιΪήτπβ

Πλώμίμίσηκρωοίπίιρηαδμαωβκδμ

 ΙκβμβληίμίΫείηήΪμΪείδθηΪέθκίββαμίέείμίηΪικίή

 ΎίζθημβκΪγμίξβεμτκΪλΪδμβάίηάτέείη

 ΙθλμΪάίμίηθάξβεμτκλΪδμβάίηάτέείη σηβ 

 ΙθλμΪάίμίλδθλίηθΫείηήΪμΪικβμβληίμίείδθηΪέθκίβ

ηΪμβληίμίηΪαΪήΘμάίκλμβωμΪιθΫείηήΪμΪμκωΫάΪήΪικίζβηΪμ

άτκονθΫίαθιΪλβμίεηβμίΫθεμθάί σηβ 

0RQWiçQtQiYRG

: 'ŤOHçLWiEH]SHĀQRVWQtXSR]RUQěQt

3HĀOLYěVLSŒHĀWěWHWHQWRQiYRG-HGLQěWDNPŤçHWHVYŤMVSRWŒHELĀ

VSUiYQěD EH]SHĀQěSRXçtYDW1iYRGN SRXçLWtD QiYRGN PRQWiçL

XVFKRYHMWHSURSR]GěMåtSRXçLWtQHERSURGDOåtKRPDMLWHOH

%H]SHĀQpSRXçtYiQtMH]DUXĀHQRSRX]HSŒLRGERUQpYHVWDYEě

SRGOH QiYRGX N PRQWiçL 7HFKQLN SURYiGěMtFt LQVWDODFL RGSRYtGi ]D

EH]YDGQpIXQJRYiQtQDPtVWěLQVWDODFH

1HEH]SHĀtSRUDQěQt

3RNXGQHQtVSRWŒHELĀŒiGQěXSHYQěQìPŤçHVSDGQRXW9åHFKQ\

XSHYŃRYDFtSUYN\PXVtEìWSHYQěD EH]SHĀQěQDPRQWRYDQp

1HEH]SHĀt~UD]XHOHNWULFNìPSURXGHP

6RXĀiVWLXYQLWŒVSRWŒHELĀHPRKRXPtWRVWUpKUDQ\0ŤçHGRMtW

N SRåNR]HQtSŒLSRMRYDFtKRNDEHOX3ŒLSRMRYDFtNDEHOSŒLLQVWDODFL

QH]DODPXMWHDQLQHXVNŒtSQěWH

1HEH]SHĀt~UD]X

6RXĀiVWL XYQLWŒ VSRWŒHELĀH PRKRX PtW RVWUp KUDQ\ 1RVWH RFKUDQQp

UXNDYLFH

1HEH]SHĀtXGXåHQt

2EDORYìPDWHULiOMHQHEH]SHĀQìSURGěWL1LNG\QHGRYROWHGěWHP

DE\VLKUiO\V REDORYìPPDWHULiOHP

,QVWDODFH

3R]RU

=DMLVWěWHDE\VHY REODVWLYUWDQìFKRWYRUŤQHQDFKi]HO\çiGQp

SO\QRYpQHERYRGRYRGQtWUXEN\DQLHOHNWULFNiYHGHQt

■ 9\]QDĀWHVLSRORK\åURXEŤD REU\VREODVWL]DYěåHQt

9\YUWHMWHRWYRU\R  PPD KORXEFH PPD ]DWODĀWHGRQLFK

KPRçGLQN\WDNDE\E\O\]DURYQDQpVH]Gt REUi]HN

■ 9\MPěWHDNWLYQtXKOtNRYìILOWUD RGVWUDŃWHIyOLL REUi]HN

■ 3ŒLåURXEXMWHPRGXOQDFLUNXODFLD SŒtGUçQì~KHOQtNSURNU\W

NRPtQX REUi]HN

■ +DGLFLSŒLSHYQěWHGYěPDVSRQDPLN PRGXOXQDFLUNXODFL

D N KUGOXSURRGYRGY]GXFKXRGVDYDĀHSDU

+DGLFHPXVtEìWQDSQXWiY SŒtSDGěSRWŒHE\ML]NUDŚWH

REUi]HN

■ 1DVDďWHåLNPìDGDSWpUQDNU\WNRPtQX REUi]HN

■ .U\WNRPtQXQDVDďWHQDVSRWŒHELĀ

9QLWŒQtNU\WNRPtQXQDPRQWXMWHGUiçNDPLGROŤ REUi]HN

■ 3ŒLGUçWHKRUQtNU\WNRPtQXD Y\WiKQěWHKRQDKRUX REUi]HN

■ 3RVWUDQQtSOHFK\NU\WXNRPtQXRKQěWHPtUQěRGVHEH]DYěVWH

]DSŒtGUçQì~KHOQtND SŒLWODĀWHN VREěDçQDGRUD] REUi]HN

■ .U\WNRPtQXSŒLåURXEXMWH REUi]HN

■ 1DVDďWHDNWLYQtXKOtNRYìILOWU REUi]HN

■ 1DVDďWHåLNPRSDQHO]DWODĀWHKRPtUQěQDKRUXD ]DVXŃWH

GR]DGX 9\EUiQt Y SDQHOX VH SŒLWRP PXVt YpVW QDG ]DMLåŚRYDFtPL

ĀHS\ REUi]HN

$NWLYQtXKOtNRYìILOWUSURFLUNXODĀQtSURYR]

$NWLYQtXKOtNRYpILOWU\YiçRXSDFK\SŒLFLUNXODĀQtPSURYR]X3ŒL

QRUPiOQtPSURYR]XFFDKRGLQXGHQQěPěŃWHDNWLYQtXKOtNRYì

ILOWUðURĀQě

8SR]RUQěQt $NWLYQt XKOtNRYp ILOWU\ QHREVDKXMt åNRGOLYp OiWN\ D O]H

MHY\KD]RYDWGRVPtåHQpKRRGSDGX

9ìPěQDDNWLYQtKRXKOtNRYpKRILOWUX

 3DQHO]DWODĀWHPtUQěQDKRUXD Y\WiKQěWHKRGRSŒHGX

 'HPRQWXMWHDNWLYQtXKOtNRYìILOWU

 1DVDďWHQRYìDNWLYQtXKOtNRYìILOWU REUi]HN

 1DVDďWHåLNPRSDQHO]DWODĀWHKRPtUQěQDKRUXD ]DVXŃWH

GR]DGX 9\EUiQt Y SDQHOX VH SŒLWRP PXVt YpVW QDG ]DMLåŚRYDFtPL

ĀHS\ REUi]HN



0RQWHULQJVYHMOHGQLQJ

: 9LJWLJHVLNNHUKHGVDQYLVQLQJHU

/VGHQQHYHMOHGQLQJRPK\JJHOLJWLJHQQHP'HWHUHQ

IRUXGVWQLQJIRUDWDSSDUDWHWNDQEHWMHQHVVLNNHUWRJNRUUHNW

2SEHYDUEUXJVRJPRQWDJHYHMOHGQLQJHQWLOVHQHUHEUXJHOOHUWLO

NRPPHQGHHMHUHDIDSSDUDWHW

6LNNHUKHGHQXQGHUEUXJHUNXQVLNUHWKYLVHPKWWHQHUEOHYHW

PRQWHUHWNRUUHNWLKWPRQWHULQJVYHMOHGQLQJHQ,QVWDOODW¡UHQKDU

DQVYDUHWIRUDWDSSDUDWHWIXQJHUHUIHMOIULWSnRSVWLOOLQJVVWHGHW

)DUHIRUWLOVNDGHNRPVW

+YLVDSSDUDWHWLNNHHUNRUUHNWIDVWJMRUWWLOYJJHQNDQGHQIDOGH

QHG$OOHEHIVWLJHOVHVHOHPHQWHUVNDOYUHPRQWHUHWIDVWRJ

VLNNHUW

)DUHIRUHOHNWULVNVW¡G

.RPSRQHQWHUQHLQGYHQGLJLHPKWWHQNDQKDYHVNDUSHNDQWHU

7LOVOXWQLQJVNDEOHWNDQEOLYHEHVNDGLJHW6¡UJIRUDW

WLOVOXWQLQJVNDEOHWLNNHInUNQNHOOHUNRPPHULNOHPPHXQGHU

LQVWDOODWLRQHQ

)DUHIRUWLOVNDGHNRPVW

.RPSRQHQWHUQHLQGYHQGLJLHPKWWHQNDQKDYHVNDUSHNDQWHU

%UXJEHVN\WWHOVHVKDQGVNHU

)DUHIRUNYOQLQJ

(PEDOODJHPDWHULDOHHUIDUOLJWIRUE¡UQ6¡UJIRUDWE¡UQLNNHOHJHU

PHGHPEDOODJHPDWHULDOH

,QVWDOODWLRQ

3DVSn

.RQWUROOHUDWGHULNNHHUHONDEOHUJDVHOOHUYDQGU¡ULGHWRPUnGH

KYRUGHUVNDOERUHVKXOOHU

■ 0DUNHUVNUXHUQHVSRVLWLRQHURJRSKQJQLQJVRPUnGHWVRPULGV

%RU KXOOHU PHG HQ GLDPHWHU Sn   PP RJ HQ G\EGH Sn  PP WLO

G\YOHUQH RJ WU\N G\YOHUQH LQG Vn GH IOXJWHU PHG YJJHQ ILJ

■ 7DJGHWDNWLYHNXOILOWHUXGRJIMHUQIROLHQ ILJ

■ 6NUXUHFLUNXODWLRQVPRGXOHWRJYLQNHOEHVODJHWWLO

DIWUNVEHNOGQLQJHQIDVW ILJ

■ )DVWJ¡UVODQJHQSnUHFLUNXODWLRQVPRGXOHWRJSnHPKWWHQV

OXIWVWXGVPHGGHWRVSQGHEnQG

6ODQJHQVNDOYUHVWUDNWXGRJVNDORPQ¡GYHQGLJWDINRUWHV

ILJ

■ 6WGHQVNUnDGDSWHUSnDIWUNVEHNOGQLQJHQ ILJ

■ 6WDIWUNVEHNOGQLQJHQSnDSSDUDWHW

0RQWHUGHQLQGYHQGLJHDIWUNVEHNOGQLQJPHGVSDOWHUQH

YHQGHQGHQHGDG ILJ

■ +ROGGHQ¡YHUVWHDIWUNVEHNOGQLQJIDVWRJWUNGHQRSDG

ILJ

■ %¡MDIWUNVEHNOGQLQJHQVVLGHSODGHUOLGWIUDKLQDQGHQKQJ

GHPRSEDJYLQNHOEHVODJHWRJWU\NGHPVDPPHQWLOGHJnUL

LQGJUHE ILJ

■ 6NUXDIWUNVEHNOGQLQJHQIDVW ILJ

■ 6WGHWDNWLYHNXOILOWHUSnSODGV ILJ

■ 6WSDQHOHWLQGSnVNUnWU\NGHWOHWRSDGRJVN\GGHWEDJXG

8GVSDULQJHUQHLSDQHOHWVNDOI¡UHVLQGRYHUOnVHEROWHQH ILJ

$NWLYWNXOILOWHUWLOUHFLUNXODWLRQVGULIW

$NWLYHNXOILOWUHELQGHUOXJWSDUWLNOHUQHYHGUHFLUNXODWLRQVGULIW9HG

QRUPDODQYHQGHOVHGDJOLJWFDWLPHVNDOGHWDNWLYHNXOILOWHU

XGVNLIWHV[RPnUHW

%HPUN $NWLYH NXOILOWUH LQGHKROGHU LQJHQ VNDGHOLJH VWRIIHU RJ NDQ

ERUWVNDIIHVVDPPHQPHGKXVKROGQLQJVDIIDOGHW

8GVNLIWQLQJDIDNWLYWNXOILOWHU

 7U\NSDQHOHWOLGWRSDGRJWUNGHWIUHPDG

 $IPRQWHUGHWDNWLYHNXOILOWHU

 6WGHWQ\HDNWLYHNXOILOWHUSnSODGV ILJ

 6WSDQHOHWLQGSnVNUnWU\NGHWOHWRSDGRJVN\GGHWEDJXG

8GVSDULQJHUQHLSDQHOHWVNDOI¡UHVLQGRYHUOnVHEROWHQH ILJ



: 

¨



















         

































■           



PPPP

 

■ 



■ 

 

■ 







 

■ 

 

■ 



 

■ 

 

■ 



 

■  

■  

■ 





 













 

         



 



 

  

 





 



,QVWUXFFLRQHVGHPRQWDMH

: ,QGLFDFLRQHVGHVHJXULGDGLPSRUWDQWHV

/HHUFRQDWHQFLyQODVVLJXLHQWHVLQVWUXFFLRQHV6RORDVtVHSXHGH

PDQHMDUHODSDUDWRGHIRUPDFRUUHFWD\VHJXUD&RQVHUYDUODV

LQVWUXFFLRQHVGHXVR\PRQWDMHSDUDXWLOL]DUODVPiVDGHODQWHR

SDUDSRVLEOHVIXWXURVFRPSUDGRUHV

6RODPHQWH XQ PRQWDMH SURIHVLRQDO FRQIRUPH D ODV LQVWUXFFLRQHV GH

PRQWDMH SXHGH JDUDQWL]DU XQ XVR VHJXUR GHO DSDUDWR (O LQVWDODGRU

HVUHVSRQVDEOHGHOIXQFLRQDPLHQWRSHUIHFWRHQHOOXJDUGH

LQVWDODFLyQ

£3HOLJURGHOHVLRQHV

6LHODSDUDWRQRHVWiILMDGRFRUUHFWDPHQWHSXHGHFDHUVH7RGRV

ORVHOHPHQWRVGHILMDFLyQGHEHQPRQWDUVHGHELGDPHQWH

£3HOLJURGHGHVFDUJDHOpFWULFD

/DVSLH]DVLQWHUQDVGHODSDUDWRSXHGHQWHQHUERUGHVDILODGRV(O

FDEOH GH FRQH[LyQ SRGUtD UHVXOWDU GDxDGR 1R GREODU QL DSULVLRQDU

HOFDEOHGHFRQH[LyQGXUDQWHODLQVWDODFLyQ

£3HOLJURGHOHVLRQHV

/DVSLH]DVLQWHUQDVGHODSDUDWRSXHGHQWHQHUERUGHVDILODGRV

8VDUJXDQWHVSURWHFWRUHV

£3HOLJURGHDVIL[LD

(OPDWHULDOGHHPEDODMHHVSHOLJURVRSDUDORVQLxRV1RGHMDUTXH

ORVQLxRVMXHJXHQFRQHOPDWHULDOGHHPEDODMH

,QVWDODFLyQ

£$WHQFLyQ

$VHJXUDUVHGHTXHQRKD\DFDEOHVHOpFWULFRVRWXEHUtDVGHJDVR

DJXDHQHOiUHDGRQGHVHYDDWDODGUDU

■ 'LEXMDU ODV SRVLFLRQHV SDUD ORV WRUQLOORV \ HO FRQWRUQR GH OD ]RQD

GHHQJDQFKH

7DODGUDU RULILFLRV FRQ XQ GLiPHWUR GH  PP \ XQD SURIXQGLGDG GH

 PP H LQWURGXFLU ORV WDFRV GH PDQHUD TXH TXHGHQ HQUDVDGRV

FRQODSDUHG )LJ

■ ([WUDHUHOILOWURGHFDUEyQDFWLYR\UHWLUDUHOSOiVWLFR )LJ

■ $WRUQLOODUHOPyGXORGHUHFLUFXODFLyQGHDLUH\ODHVFXDGUDGH

VXMHFLyQSDUDHOUHYHVWLPLHQWRGHODFKLPHQHD )LJ

■ )LMDUHOWXERFRQODVGRVDEUD]DGHUDVGHWXERDOPyGXORGH

UHFLUFXODFLyQGHDLUH\DODVDOLGDGHDLUHGHODFDPSDQD

H[WUDFWRUD

(O WXER GHEH TXHGDU HVWLUDGR HQ FDVR QHFHVDULR VH GHEH DFRUWDU

)LJ

■ &RORFDU HO DGDSWDGRU GH LQFOLQDFLyQ VREUH HO UHYHVWLPLHQWR GH OD

FKLPHQHD )LJ

■ &RORFDUHOUHYHVWLPLHQWRGHODFKLPHQHDVREUHHODSDUDWR

0RQWDUHOUHYHVWLPLHQWRLQWHULRUGHODFKLPHQHDFRQODVUDQXUDV

KDFLDDEDMR )LJ

■ )LMDUHOUHYHVWLPLHQWRVXSHULRUGHODFKLPHQHD\WLUDUGHpOKDFLD

DUULED )LJ

■ 'REODUOHYHPHQWHKDFLDIXHUDODVFKDSDVODWHUDOHVGHO

UHYHVWLPLHQWRGHODFKLPHQHDHQJDQFKDUODVGHWUiVGHOD

HVFXDGUDGHVXMHFLyQ\SUHVLRQDUODVKDVWDHOWRSH )LJ

■ $WRUQLOODUHOUHYHVWLPLHQWRGHODFKLPHQHD )LJ

■ &RORFDUHOILOWURGHFDUEyQDFWLYR )LJ

■ &RORFDU OD PROGXUD HQ SRVLFLyQ LQFOLQDGD SUHVLRQDU OLJHUDPHQWH

KDFLDDUULED\GHVOL]DUKDFLDDWUiV/DVUDQXUDVGHODPROGXUD

GHEHQSDVDUVHDVtVREUHORVSHUQRVGHVHJXULGDG )LJ

)LOWURGHFDUEyQDFWLYRSDUDIXQFLRQDPLHQWRFRQ

UHFLUFXODFLyQGHDLUH

(OILOWURGHFDUEyQDFWLYRHOLPLQDORVRORUHVHQHOIXQFLRQDPLHQWR

FRQUHFLUFXODFLyQGHDLUH&DPELDUHOILOWURGHFDUEyQDFWLYR YH]

DODxRHQFDVRGHIXQFLRQDPLHQWRQRUPDODSUR[ KRUDDOGtD

1RWD /RVILOWURVGHFDUEyQDFWLYRQRFRQWLHQHQVXVWDQFLDV

FRQWDPLQDQWHVSRUORTXHVHSXHGHQGHVHFKDUHQODEDVXUD

GRPpVWLFD

6XVWLWXLUHOILOWURGHFDUEyQDFWLYR

 3UHVLRQDUODPROGXUDOLJHUDPHQWHKDFLDDUULED\WLUDUKDFLD

DGHODQWH

 'HVPRQWDUHOILOWURGHFDUEyQDFWLYR

 &RORFDUHOQXHYRILOWURGHFDUEyQDFWLYR )LJ

 &RORFDU OD PROGXUD HQ SRVLFLyQ LQFOLQDGD SUHVLRQDU OLJHUDPHQWH

KDFLDDUULED\GHVOL]DUKDFLDDWUiV/DVUDQXUDVGHODPROGXUD

GHEHQSDVDUVHDVtVREUHORVSHUQRVGHVHJXULGDG )LJ

3DLJDOGXVMXKHQG

: 2OXOLVHGRKXWXVQ}XGHG

/XJHJHNDVXWXVMXKHQGKRROLNDOWOlEL6HOOHVWOHLDWHYDMDOLNXWHDEH

VHDGPHRKXWXNVMD}LJHNVNlVLWVHPLVHNV+RLGNHNDVXWXVMD

SDLJDOGXVMXKHQGDOOHVKLOLVHPDNVNDVXWDPLVHNVY}LVHDGPH

MlUJPLVWHRPDQLNHWDUYLV

7XUYDOLQHNDVXWDPLQHRQWDJDWXGDLQXOWVLLVNXLSDLJDOGDPLQH

WRLPXEYDVWDYDOWSDLJDOGXVMXKHQGLOH3DLJDOGDWXGVHDGPHYHDWX

W||HHVWYDVWXWDESDLJDOGDMD

9LJDVWXVWHRKW

6HDGHPLVHLROHQ}XHWHNRKDVHOWNLQQLWDWXGY}LEDOODNXNNXGD

.}LNNLQQLWXVGHWDLOLGSHDYDGROHPDNLQGODOWMDRKXWXOWSDLJDOGDWXG

(OHNWULO||JLRKW

6HDGPH VLVHGHWDLOLG Y}LYDG ROOD WHUDYDWH VHUYDGHJD hKHQGXVMXKH

Y}LENDKMXVWDGDVDDGDhKHQGXVMXKHHLWRKLSDLJDOGDPLVHDMDO

NDKHNRUUDNllQGXGDHJDNLQQLNLLOGXGD

9LJDVWXVWHRKW

6HDGPHVLVHGHWDLOLGY}LYDGROODWHUDYDWHVHUYDGHJD.DQGNH

NDLWVHNLQGDLG

/lPEXPLVRKW

3DNNHPDWHUMDORQODVWHOHRKWOLNbUJHNXQDJLOXEDJHODVWHO

SDNNHPDWHUMDOLJDPlQJLGD

3DLJDOGDPLQH

7lKHOHSDQX

9HHQGXJH HW SXXULWDYDV SLLUNRQQDV HL OHLGX HOHNWULMXKWPHLG JDDVL

HJDYHHWRUXVLG

■ 0lUNLJHPDKDNUXYLGHDVXNRKDGMDSDLJDOGXVSLLUNRQQDNRQWXXU

3XXULJHPPOlELP}}GXJDMDPPVJDYXVHGDXJXGMD

VXUXJHWEOLGVHLQDJDKHWDVDVLVVH MRRQLV

■ 9}WNHDNWLLYV|HILOWULGYlOMDMDHHPDOGDJHNLOH MRRQLV

■ .LQQLWDJHULQJOHYD}KXPRRGXOMDO}}ULNDWWHNLQQLWXVQXUJLN

NUXYLGHJD MRRQLV

■ .LQQLWDJHYRROLNNDKHWRUXNODPEULJDULQJOHYD}KXPRRGXOLMD

}KXSXKDVWL}KXOLLWPLNXNOJH

9RROLNSHDEROHPDSLQJXOYDMDGXVHNRUUDOWHKNHVHHOKHPDNV

MRRQLV

■ $VHWDJHNDOGDGDSWHUO}}ULNDWWHSHDOH MRRQLV

■ $VHWDJHO}}ULNDWHVHDGPHSHDOH

6LVHPLQHO}}ULNDWHSDLJDOGDJHQLLHWDYDGMllYDGDOOD MRRQLV

■ +RLGNHOHPLVWO}}ULNDWHWNLQQLMDW}PPDNHOHV MRRQLV

■ 6XUXJHO}}ULNDWWHNOJSOHNNHNVWHLVHVWYHLGLHHPDOHNLQQLWDJH

QHHGKRLGHQXUJLNXWDKDMDVXUXJHNXQLSLLUGHQLNRNNX MRRQLV

■ .LQQLWDJHO}}ULNDWHNUXYLGHJD MRRQLV

■ 3DLJDOGDJHDNWLLYV|HILOWHU MRRQLV

■ $VHWDJHSDQHHONDOGHDOONRKDOHVXUXJHNHUJHOWOHVMDONDNH

WDKD3DQHHOLYlOMDO}LNHGSHDYDGVHHMXXUHVOLELVHPDOH

NLQQLWXVSROWLGH MRRQLV

$NWLLYV|HILOWHU}KXULQJOXVUHçLLPLMDRNV

$NWLLYV|HILOWHUVHREWHNNLYDGO}KQDG}KXULQJOXVUHçLLPLO

7DYDNDVXWXVHNRUUDOLJDSlHYXPEHVWXQGYDKHWDJH

DNWLLYV|HILOWULWNRUGDDVWDV

0lUNXV $NWLLYV|HILOWHUHLVLVDOGDNDKMXOLNNHDLQHLGMDVHGDY}LE

NlLGHOGDNRRVROPHMllWPHWHJD

$NWLLYV|HILOWULYDKHWDPLQH

 6XUXJHSDQHHOLNHUJHOWOHVMDW}PPDNHHWWH

 (HPDOGDJHDNWLLYV|HILOWHU

 3DLJDOGDJHXXVDNWLLYV|HILOWHU MRRQLV

 $VHWDJHSDQHHONDOGHDOONRKDOHVXUXJHNHUJHOWOHVMDONDNH

WDKD3DQHHOLYlOMDO}LNHGSHDYDGVHHMXXUHVOLELVHPDOH

NLQQLWXVSROWLGH MRRQLV



$VHQQXVRKMH

: 7lUNHLWlWXUYDRKMHLWD

/XH WlPl Nl\WW|RKMH KXROHOOLVHVWL 9DVWD VLWWHQ YRLW Nl\WWll ODLWHWWDVL

WXUYDOOLVHVWLMDRLNHLQ6lLO\WlNl\WW|MDDVHQQXVRKMHP\|KHPSll

Nl\WW|lWDLVHXUDDYDDNl\WWlMllYDUWHQ

7XUYDOOLQHQNl\WW|RQWDDWWXYDLQNXQDVHQQXVWHKGllQ

DPPDWWLWDLWRLVHVWLDVHQQXVRKMHLWDQRXGDWWDHQ$VHQWDMDYDVWDD

PRLWWHHWWRPDVWDWRLPLQQDVWDODLWWHHQDVHQQXVSDLNDVVD

/RXNNDDQWXPLVYDDUD

-RVODLWHWWDHLROHNLLQQLWHWW\DVLDQPXNDLVHVWLVHYRLSXGRWD.DLNNL

NLLQQLW\VHOHPHQWLWSLWllNLLQQLWWllNXQQROODMDYDUPDVWL

6lKN|LVNXQYDDUD

/DLWWHHQVLVlSXROHOODROHYDWUDNHQQHRVDWYRLYDWROOD

WHUlYlUHXQDLVHW/LLWlQWlMRKWRYRLYDXULRLWXD9DUPLVWDHWWl

OLLWlQWlMRKWRHLWDLYXM\UNlOOHPXWNDOOHWDLMllSXULVWXNVLLQ

DVHQQXNVHQDLNDQD

/RXNNDDQWXPLVYDDUD

/DLWWHHQVLVlSXROHOODROHYDWUDNHQQHRVDWYRLYDWROOD

WHUlYlUHXQDLVHW.l\WlVXRMDNlVLQHLWl

7XNHKWXPLVYDDUD

3DNNDXVPDWHULDDOLRQYDDUDOOLVWDSLNNXODSVLOOHbOlDQQDODVWHQ

OHLNNLlSDNNDXVPDWHULDDOLOOD

$VHQQXV

+XRPLR

9DUPLVWD HWWl SRUDWWDYLHQ UHLNLHQ DOXHHOOD HL ROH VlKN| NDDVX WDL

YHVLMRKWRMD

■ 0HUNLWVHUXXYLHQSDLNDWMDNLLQQLW\VDOXHHQllULYLLYDW

3RUDD UHLlW   PP MD V\Y\\V  PP MD SDLQD WXOSDW UHLNLLQ QLLQ

HWWlQHRYDWVDPDVVDOLQMDVVDVHLQlQNDQVVD NXYD

■ 2WDDNWLLYLKLLOLVXRGDWLQSRLVSDLNDOWDDQMDSRLVWDIROLR NXYD

■ .LLQQLWlNLHUWRLOPDPRGXXOLMDKRUPLVXRMXNVHQNXOPDUDXGDW

UXXYHLOOD NXYD

■ .LLQQLWl SXWNL NDKGHOOD SXWNHQNLLQQLWWLPHOOl NLHUWRLOPDPRGXXOLLQ MD

OLHVLWXXOHWWLPHQDVHQQXVNDXOXNVHHQ

3XWNHQSLWllROODNLUHlO\KHQQlWDUYLWWDHVVD NXYD

■ $VHWDYLLVWRDGDSWHULKRUPLVXRMXNVHQSllOOH NXYD

■ $VHWDKRUPLVXRMXVSDLNDOOHHQODLWHHVHHQ

$VHQQDVLVHPSLKRUPLQVXRMXVLOPDQYDLKWRDXNRWDODVSlLQ

NXYD

■ 3LGlNLLQQL\OHPPlVWlKRUPLVXRMXNVHVWDMDYHGl\O|VSlLQ

NXYD

■ 7DLYXWDKRUPLVXRMXNVHQVLYXSHOWHMlKLXNDQHULOOHHQWRLVLVWDDQ

ULSXVWDNXOPDUDXGDQWDDNVHMDSDLQDNLLQQLYDVWHHVHHQVDDNND

NXYD

■ .LLQQLWlKRUPLVXRMXVUXXYHLOOD NXYD

■ $VHWDDNWLLYLKLLOLVXRGDWLQSDLNDOOHHQ NXYD

■ $VHWDVXRMXVYLLVWRRQDVHQWRRQSDLQDNHY\HVWL\O|VSlLQMD

W\|QQlWDDNVHSlLQ2KMDDVXRMXNVHVVDROHYDWDXNRWWlOO|LQ

NLLQQLW\VSXOWWLHQSllOOH NXYD

$NWLLYLKLLOLVXRGDWLQNLHUWRLOPDNl\WW|lYDUWHQ

$NWLLYLKLLOLVXRGDWWLPHWVLWRYDWLWVHHQVlKDMXWNLHUWRLOPDNl\W|VVl

9DLKGD DNWLLYLKLLOLVXRGDWLQ WDYDQRPDLVHVVD Nl\W|VVl SlLYLWWlLQ Q 

WXQWLNHUUDQYXRGHVVD

+XRPDXWXV $NWLLYLKLLOLVXRGDWWLPHWHLYlWVLVlOOlKDLWDOOLVLDDLQHLWD

MRWHQQHYRLGDDQKlYLWWllNRWLWDORXVMlWWHHQPXNDQD

$NWLLYLKLLOLVXRGDWWLPHQYDLKWR

 3DLQDVXRMXVWDNHY\HVWL\O|VSlLQMDYHGlHWHHQSlLQ

 ,UURWDDNWLLYLKLLOLVXRGDWLQ

 $VHWDXXVLDNWLLYLKLLOLVXRGDWLQSDLNDOOHHQ NXYD

 $VHWDVXRMXVYLLVWRRQDVHQWRRQSDLQDNHY\HVWL\O|VSlLQMD

W\|QQlWDDNVHSlLQ2KMDDVXRMXNVHVVDROHYDWDXNRWWlOO|LQ

NLLQQLW\VSXOWWLHQSllOOH NXYD

1RWLFHGHPRQWDJH

: 3UpFDXWLRQVGHVpFXULWpLPSRUWDQWHV

/LUHDWWHQWLYHPHQWFHPDQXHO&HQHVWTXDORUVTXHYRXVSRXUUH]

XWLOLVHU YRWUH DSSDUHLO FRUUHFWHPHQW HW HQ WRXWH VpFXULWp &RQVHUYHU

ODQRWLFHGXWLOLVDWLRQHWGHPRQWDJHSRXUXQXVDJHXOWpULHXURX

SRXUOHSURSULpWDLUHVXLYDQW

/DVpFXULWpGHO·DSSDUHLOjO·XVDJHHVWJDUDQWLHV·LODpWpHQFDVWUp

FRQIRUPpPHQWjODQRWLFHGHPRQWDJH/HPRQWHXUHVW

UHVSRQVDEOH GX IRQFWLRQQHPHQW FRUUHFW VXU OH OLHX R ODSSDUHLO HVW

LQVWDOOp

5LVTXHGHEOHVVXUH 

6LODSSDUHLOQHVWSDVFRUUHFWHPHQWIL[pLOSHXWWRPEHU7RXVOHV

pOpPHQWVGHIL[DWLRQGRLYHQWrWUHPRQWpVVROLGHPHQWHWGHIDoRQ

VUH

5LVTXHGHFKRFpOHFWULTXH 

'HVSLqFHVjOLQWpULHXUGHODSSDUHLOSHXYHQWSUpVHQWHUGHVDUrWHV

YLYHV,O\DULVTXHGHQGRPPDJHPHQWGXFkEOHGDOLPHQWDWLRQ

3HQGDQWO·LQVWDOODWLRQYHLOOHUjQHSDVSOLHUQLFRLQFHUOHFkEOH

G·DOLPHQWDWLRQ

5LVTXHGHEOHVVXUH 

'HVSLqFHVjOLQWpULHXUGHODSSDUHLOSHXYHQWSUpVHQWHUGHVDUrWHV

YLYHV3RUWHUGHVJDQWVGHSURWHFWLRQ

5LVTXHGDVSK\[LH 

/HPDWpULHOGHPEDOODJHHVWGDQJHUHX[SRXUOHVHQIDQWV1H

SHUPHWWH]MDPDLVDX[HQIDQWVGHMRXHUDYHFOHVPDWpULDX[

G·HPEDOODJH

,QVWDOODWLRQ

$WWHQWLRQ

9HLOOH] j FH TXLO Q\ DLW SDV GH FRQGXLWHV pOHFWULTXHV GH WX\DX[ GH

JD]RXGHDXDXQLYHDXGHVSHUoDJHV

■ 0DUTXH]OHVHPSODFHPHQWVGHVYLVHWOHFRQWRXUGHOD]RQH

G·DFFURFKDJH

3HUFH]GHVWURXVGH  PPHWGXQHSURIRQGHXUGH PPHW

HQIRQFH]OHVFKHYLOOHVjIOHXUGXPXU ILJ

■ 5HWLUH]OHILOWUHjFKDUERQDFWLIHWHQOHYH]OHILOP ILJ

■ 9LVVH]OHPRGXOHGHUHF\FODJHGHODLUHWODFRUQLqUHSRXUOH

FDSRWGHFKHPLQpH ILJ

■ )L[H] OH IOH[LEOH DYHF OHV GHX[ FROOLHUV DX PRGXOH GH UHF\FODJH HW

DXPDQFKRQGDLUGHODKRWWH

/HIOH[LEOHGRLWrWUHWHQGXUDFFRXUFLVVH]OHVLQpFHVVDLUH ILJ

■ 3ODFH]ODGDSWDWHXULQFOLQpVXUOHFDSRWGHFKHPLQpH ILJ

■ 3RVH]OHFDSRWGHFKHPLQpHVXUODSSDUHLO

0RQWH] OH FDSRW GH FKHPLQpH LQWpULHXU DYHF OHV IHQWHV RULHQWpHV

YHUVOHEDV ILJ

■ )L[H] OH FDSRW GH FKHPLQpH VXSpULHXU HW WLUH] YHUV OH KDXW ILJ

■ eFDUWH]OpJqUHPHQWOHVW{OHVODWpUDOHVGXFDSRWGHFKHPLQpH

DFFURFKH]OHVGHUULqUHODFRUQLqUHGHUHWHQXHSXLVSUHVVH]OHV

MXVTXHQEXWpH ILJ

■ 9LVVH]OHFDSRWGHFKHPLQpH ILJ

■ 0HWWH]OHILOWUHjFKDUERQDFWLIHQSODFH ILJ

■ 3RVLWLRQQH]OHFDSRWHQOLQFOLQDQWDSSX\H]OHOpJqUHPHQWYHUV

OH KDXW HW SRXVVH]OH YHUV ODUULqUH /HV pYLGHPHQWV GX EDQGHDX

GRLYHQWrWUHSDVVpVSDUGHVVXVOHVD[HVGHVVpFXULWp ILJ

)LOWUH j FKDUERQ DFWLI SRXU OH PRGH UHFLUFXODWLRQ GH

ODLU

'DQVOHPRGHGHUHFLUFXODWLRQGHODLUOHVILOWUHVjFKDUERQDFWLI

DEVRUEHQWOHVPDWLqUHVRGRUDQWHV(QIRQFWLRQQHPHQWQRUPDO

HQY KHXUHSDUMRXUFKDQJH]OHILOWUHjFKDUERQDFWLIIRLVSDU

DQ

5HPDUTXH /HVILOWUHVjFKDUERQDFWLIQHFRQWLHQQHQWDXFXQH

VXEVWDQFHQRFLYHHWSHXYHQWrWUHPLVDXUHEXWDYHFOHVGpFKHWV

PpQDJHUV

5HPSODFHUOHILOWUHjFKDUERQDFWLI

 $SSX\H]OpJqUHPHQWYHUVOHKDXWVXUOHEDQGHDXHWSRXVVH]OH

YHUVODYDQW

 'pPRQWH]OHILOWUHjFKDUERQDFWLI

 0HWWH]HQSODFHXQQRXYHDXILOWUHjFKDUERQDFWLI ILJ

 3RVLWLRQQH] OH FDSRW HQ OLQFOLQDQW DSSX\H]OH OpJqUHPHQW YHUV OH

KDXWHWSRXVVH]OHYHUVODUULqUH/HVpYLGHPHQWVGXEDQGHDX

GRLYHQWrWUHSDVVpVSDUGHVVXVOHVD[HVGHVVpFXULWp ILJ



8SXWH]DPRQWDçX

: 9DçQHVLJXUQRVQHQDSRPHQH

3URĀLWDMWHSDçOMLYRRYXXSXWX6DPRWDGDþHWHPRþLVLJXUQRL

SUDYLOQRUXNRYDWL9DåLPXUHđDMHPÿXYDMWHXSXWH]DXSRWUHEXL

XJUDGQMX]DNDVQLMXXSRUDEXLOL]DVOMHGHþHJYODVQLNDXUHđDMD

6LJXUQRVWSULXSRUDEL]DMDPĀHQDMHVDPRNRGVWUXĀQHXJUDGQMH

VXNODGQRXSXWDPD]DXSRUDEX,QVWDODWHUMHRGJRYRUDQ]D

EHVSULMHNRUQRIXQNFLRQLUDQMHQDPMHVWXSRVWDYOMDQMD

2SDVQRVWRGR]OMHGH

$NRXUHđDMQLMHSURSLVQRSULĀYUåþHQPRçHLVSDVWL6YLSULĀYUVQL

HOHPHQWLPRUDMXELWLĀYUVWRLVLJXUQRPRQWLUDQL

2SDVQRVWRGVWUXMQRJXGDUD

6DVWDYQLGLMHORYLXQXWDUXUHđDMDPRJXELWLRåWULKUXERYD3ULNOMXĀQL

NDEHOVHPRçHRåWHWLWL7LMHNRPLQVWDODFLMHQHVDYLMDMWHLQHVWLåþLWH

SULNOMXĀQLNDEHO

2SDVQRVWRGR]OMHGH

6DVWDYQLGLMHORYLXQXWDUXUHđDMDPRJXELWLRåWULKUXERYD1RVLWH

]DåWLWQHUXNDYLFH

2SDVQRVWRGJXåHQMD

$PEDODçQL PDWHULMDO RSDVDQ MH ]D GMHFX 'MHFL QLNDGD QH GRSXVWLWH

LJUDQMHVDPEDODçQLPPDWHULMDORP

3RVWDYOMDQMH

2SUH]

8YMHULWHVHGDQDPMHVWXUXSDQHPDVWUXMQLKYRGRYDSOLQVNLKLOL

YRGRYRGQLKFLMHYL

■ 8FUWDMWHSRORçDMH]DYLMNHLNRQWXUXSRGUXĀMDYMHåDQMD

,]EXåLWH UXSH   PP L GXELQH  PP D WLSOH XWLVQLWH GD EXGX X

UDYQLQL]D]LGRP VOLND

■ ,]YDGLWHILOWDUVDNWLYQLPXJOMHQRPLVNLQLWHIROLMX VOLND

■ 3ULYLMWHPRGXO]DRSWRĀQL]UDNLNXWQLGUçDĀ]DREORJXGLPQMDND

VOLND

■ 3ULĀYUVWLWHFULMHYRVGYLMHFLMHYQHREXMPLFHQDPRGXO]DRSWRĀQL

]UDNLQDVWDYDN]D]UDNQDQDSL

&ULMHYRPRUDELWL]DWHJQXWRSRSRWUHELJDVNUDWLWH VOLND

■ 6WDYLWHNRVLDGDSWHUQDREORJXGLPQMDND VOLND

■ 6WDYLWHREORJXGLPQMDNDQDXUHđDM

8QXWDUQMXREORJXGLPQMDNDVXWRULPDPRQWLUDMWHSUHPDGROMH

VOLND

■ *RUQMXREORJXGLPQMDNDGUçLWHĀYUVWRLSRYXFLWHSUHPDJRUH

VOLND

■ %RĀQH OLPRYH REORJH GLPQMDND ODJDQR VDYLMWH REMHVLWH L]D NXWQLK

GUçDĀDLSULWLVQLWHGRJUDQLĀQLND VOLND

■ 9LMFLPDSULĀYUVWLWHREORJXGLPQMDND VOLND

■ 8PHWQLWHILOWDUVDNWLYQLPXJOMHQRP VOLND

■ 3ORĀXSRVWDYLWHXNRVRODJDQRSULWLVQLWHSUHPDJRUHLJXUQLWH

SUHPDQDWUDJ3ULWRPRWYRUHQDSORĀLYDOMDL]YHVWLSRPRþX

VLJXUQRVQRJVYRUQMDND VOLND

)LOWDUVDNWLYQLPXJOMHQRP]DSRJRQQDRSWRĀQL

]UDN

)LOWULVDNWLYQLPXJOMHQRPVNXSOMDMXQHXJRGQHPLULVHXSRJRQXQD

RSWRĀQL]UDN=DPLMHQLWHILOWDUVDNWLYQLPXJOMHQRPNRGQRUPDOQRJ

UDGDGQHYQRRWSULOLNHVDWMHGQRPJRGLåQMH

1DSRPHQD )LOWULVDNWLYQLPXJOMHQRPQHVDGUçHåWHWQHWYDULL

PRçHWHLKEDFLWLXNXþQLRWSDG

=DPMHQDILOWUDVDNWLYQLPXJOMHQRP

 3ORĀXODJDQRSULWLVQLWHSUHPDJRUHLL]YXFLWHSUHPDQDSULMHG

 ,]YDGLWHILOWDUVDNWLYQLPXJOMHQRP

 8PHWQLWHQRYLILOWDUVDNWLYQLPXJOMHQRP VOLND

 3ORĀXSRVWDYLWHXNRVRODJDQRSULWLVQLWHSUHPDJRUHLJXUQLWH

SUHPDQDWUDJ3ULWRPRWYRUHQDSORĀLYDOMDL]YHVWLSRPRþX

VLJXUQRVQRJVYRUQMDND VOLND

6]HUHOpVL~WPXWDWy

: )RQWRVEL]WRQViJLHOŌtUiVRN

*RQGRVDQROYDVVDHOH]WD]~WPXWDWyW&VDNtJ\WXGMDNpV]OpNpW

KHO\HVHQpVEL]WRQViJRVDQNH]HOQL$KDV]QiODWLpVV]HUHOpVL

XWDVtWiVWŌUL]]HPHJDNpVŌEELKDV]QiODWKR]YDJ\DNpVŌEEL

WXODMGRQRVV]iPiUD

&VDNDV]HUHOpVL~WPXWDWyQDNPHJIHOHOŌV]DNV]HUŦEHV]HUHOpV

HVHWpQJDUDQWiOWD]]HPEL]WRQViJ$V]HUHOŌIHOHOŌVDIHOiOOtWiVL

KHO\HQYDOyNLIRJiVWDODQPŦN|GpVpUW

6pUOpVYHV]pO\

+DDNpV]OpNQLQFVV]DNV]HUŦHQU|J]tWYHOHHVKHW0LQGHQ

U|J]tWŌHOHPHWIL[HQpVEL]WRQViJRVDQNHOOIHOV]HUHOQL

ÉUDPWpVYHV]pO\

$NpV]OpNEHOVŌUpV]HLQHNV]pOHpOHVOHKHW$FVDWODNR]yNiEHO

PHJVpUOKHW$FVDWODNR]yNiEHOWV]HUHOpVN|]EHQQHW|UMHPHJ

YDJ\FVtSMHEH

6pUOpVYHV]pO\

$NpV]OpNEHOVŌUpV]HLQHNV]pOHpOHVOHKHW9LVHOMHQ

YpGŌNHV]W\ŦW

)XOODGiVYHV]pO\

$FVRPDJROyDQ\DJDJ\HUHNHNUHQp]YHYHV]pO\HV6RKDQH

KDJ\MDKRJ\DJ\HUPHNHNMiWVV]DQDNDFVRPDJROyDQ\DJRNNDO

(OKHO\H]pV

)LJ\HOHP

*\Ō]ŌGM|QPHJDUUyOKRJ\DIXUDWRNN|UQ\pNpQQLQFV

YLOODQ\YH]HWpNJi]YDJ\Yt]FVŌ

■ 5DM]ROMDEHDFVDYDURNKHO\pWpVDEHDNDV]WiVLWHUOHWNRQW~UMiW

$IXUDWRNDWI~UMDPPHVUHDIXUDWPpO\VpJSHGLJOHJ\HQ

PPDWLSOLNHWDIDOVtNMiLJQ\RPMDEH  iEUD

■ 9HJ\HNLD]DNWtYV]pQV]ŦUŌNHWpVWiYROtWVDHODIyOLiW  iEUD

■ &VDYDUR]]DIHODNHULQJWHWpVHVPRGXOWpVDNUWŌWDNDUyODS

WDUWyYDViW  iEUD

■ $ W|POŌW U|J]tWVH NpW FVŌELOLQFFVHO D NHULQJWHWpVHV PRGXOUD pV D

SiUDHOV]tYyOHYHJŌFVRQNMiUD

$W|POŌQHNIHV]HVQHNNHOOOHQQLHV]NVpJHVHWpQU|YLGtWVHOH

 iEUD

■ +HO\H]]HIHODIHUGHDGDSWHUWDNUWŌWDNDUyOHPH]UH  iEUD

■ +HO\H]]HIHODNUWŌWDNDUyODSRWDNpV]OpNUH

$EHOVŌNUWŌWDNDUyODSRWDQ\tOiVRNNDOOHIHOpV]HUHOMHIHO

 iEUD

■ )RJMDPHJDIHOVŌNUWŌWDNDUyODSRWpVK~]]DIHOIHOp  iEUD

■ +DMWVD V]pW NLVVp D NUWŌWDNDUyOHPH] ROGDOVy OHPH]HLW DNDVV]D

EHDWDUWyYDVP|JppVWN|]pVLJQ\RPMD|VV]H  iEUD

■ &VDYDUR]]DEHDNUWŌWDNDUyOHPH]W  iEUD

■ +HO\H]]HEHD]DNWtYV]pQV]ŦUŌW  iEUD

■ $NH]HOŌIHOOHWHWKHO\H]]HEHIHUGpQQ\RPMDNLVVpIHOIHOppV

WROMDKiWUD$NH]HOŌIHOOHWPpO\HGpVHLQHNDEL]WRVtWyFVDSRN

IHOHWWNHOOOHQQLN  iEUD

$NWtYV]pQV]ŦUŌOpJNHULQJHWpVHV]HPPyGKR]

$]DNWtYV]pQV]ŦUŌNPHJN|WLNDV]DJRNDWOpJNHULQJHWpVHV

]HPPyGEDQ$]DNWtYV]pQV]ŦUŌWQRUPiO]HPHOpVHVHWpQQDSL

NEyUDpYHQWHHJ\V]HUFVHUpOMHNL

8WDVtWiV $] DNWtYV]pQV]ŦUŌN QHP WDUWDOPD]QDN NiURV DQ\DJRNDW

pVDKi]WDUWiVLKXOODGpNNDOHJ\WWiUWDOPDWODQtWKDWyN

$NWtYV]pQV]ŦUŌFVHUpMH

 $NH]HOŌIHOOHWHWQ\RPMDNLVVpIHOIHOppVK~]]DHOŌUH

 9HJ\HNLD]DNWtYV]pQV]ŦUŌW

 +HO\H]]HEHD]~MDNWtYV]pQV]ŦUŌW  iEUD

 $ NH]HOŌIHOOHWHW KHO\H]]H EH IHUGpQ Q\RPMD NLVVp IHOIHOp pV WROMD

KiWUD $ NH]HOŌIHOOHW PpO\HGpVHLQHN D EL]WRVtWyFVDSRN IHOHWW NHOO

OHQQLN  iEUD

 

,VWUX]LRQLSHULOPRQWDJJLR

: ,PSRUWDQWLDYYHUWHQ]HGLVLFXUH]]D

/HJJHUHDWWHQWDPHQWHOHSUHVHQWLLVWUX]LRQLSHUOXVR6RORFRVuq

SRVVLELOHXWLOL]]DUHODSSDUHFFKLRLQPRGRVLFXURHFRUUHWWR

&XVWRGLUHFRQODPDVVLPDFXUDOHSUHVHQWLLVWUX]LRQLSHUOXVRHLO

PRQWDJJLRLQFDVRGLXQXWLOL]]RIXWXURRFHVVLRQHDWHU]L

/DVLFXUH]]DGLXWLOL]]RqJDUDQWLWDVRORLQFDVRGLLQVWDOOD]LRQH

VHFRQGROHUHJROHGLEXRQDWHFQLFDULSRUWDWHQHOOHLVWUX]LRQLGL

PRQWDJJLR/LQVWDOODWRUHqUHVSRQVDELOHGHOFRUUHWWR

IXQ]LRQDPHQWRQHOOXRJRGLLQVWDOOD]LRQH

3HULFRORGLOHVLRQL

6H ODSSDUHFFKLR QRQ YLHQH ILVVDWR FRUUHWWDPHQWH SXz FDGHUH 7XWWL

JOLHOHPHQWLGLILVVDJJLRGHYRQRHVVHUHPRQWDWLLQPRGRVDOGRH

VLFXUR

3HULFRORGLVFRVVDHOHWWULFD

$OFXQLFRPSRQHQWLDOOLQWHUQRGHOODSSDUHFFKLRSRVVRQRHVVHUH

DIILODWL3RWUHEEHYHQLUHGDQQHJJLDWRLOFDYRGLFROOHJDPHQWR

'XUDQWHO·LQVWDOOD]LRQHIDUHDWWHQ]LRQHDQRQSLHJDUHRVHUUDUHLO

FDYRGLFROOHJDPHQWR

3HULFRORGLOHVLRQL

$OFXQLFRPSRQHQWLDOOLQWHUQRGHOODSSDUHFFKLRSRVVRQRHVVHUH

DIILODWL,QGRVVDUHJXDQWLSURWHWWLYL

3HULFRORGLVRIIRFDPHQWR

,OPDWHULDOHGLPEDOODJJLRqSHULFRORVRSHULEDPELQL1RQODVFLDUH

PDLFKHLEDPELQLJLRFKLQRFRQLOPDWHULDOHGLLPEDOODJJLR

,QVWDOOD]LRQH

$WWHQ]LRQH

$FFHUWDUVL FKH QHOODUHD GHL IRUL QRQ VLDQR SUHVHQWL FDYL HOHWWULFL Qp

FRQGXWWXUHGHOJDVRGHOODFTXD

■ 7UDFFLDUHOHSRVL]LRQLGHOOHYLWLHLOSURILORGHOO·DUHDGLDJJDQFLR

3UDWLFDUH IRUL FRQ   PP H XQD SURIRQGLWj GL  PP H LQVHULUH L

WDVVHOOLDILORGHOPXUR ILJ

■ (VWUDUUHLOILOWURDFDUERQHDWWLYRHGHOLPLQDUHODSHOOLFROD ILJ

■ $YYLWDUHLOPRGXORDULFLUFRORHODVWDIIDGLVXSSRUWRSHULO

ULYHVWLPHQWRGHOFDPLQR ILJ

■ )LVVDUHLOWXERIOHVVLELOHFRQLGXHFROODULVHUUDWXERDOPRGXORD

ULFLUFRORHDOPDQLFRWWRGHOO·DULDGHOODFDSSDGLDVSLUD]LRQH

,OWXERIOHVVLELOHGHYHHVVHUHWHVRDFFRUFLDUORVHQHFHVVDULR

ILJ

■ 3RVL]LRQDUHODGDWWDWRUHLQFOLQDWRVXOULYHVWLPHQWRGHOFDPLQR

ILJ

■ 3RVL]LRQDUHLOULYHVWLPHQWRGHOFDPLQRVXOO·DSSDUHFFKLR

0RQWDUHLOULYHVWLPHQWRGHOFDPLQRLQWHUQRFRQOHIHVVXUHULYROWH

YHUVRLOEDVVR ILJ

■ 6HUUDUH LO ULYHVWLPHQWR GHO FDPLQR VXSHULRUH H WLUDUOR YHUVR ODOWR

ILJ

■ 3LHJDUHOHJJHUPHQWHOHODPLHUHODWHUDOLGHOULYHVWLPHQWRGHO

FDPLQR DJJDQFLDUOH GLHWUR DOOD VWDIID GL VXSSRUWR H VSLQJHUH ILQR

DOODUUHVWR ILJ

■ $YYLWDUHLOULYHVWLPHQWRGHOFDPLQR ILJ

■ ,QVHULUHLOILOWURDFDUERQHDWWLYR ILJ

■ ,QVHULUHREOLTXDPHQWHLOSDQQHOORGLFRPDQGRSUHPHUH

OHJJHUPHQWH YHUVR ODOWR H VSLQJHUH YHUVR OD SDUWH SRVWHULRUH /H

IHVVXUHVXOSDQQHOORGLFRPDQGRGHYRQRLQVHULUVLVXLSHUQLGL

VLFXUH]]D ILJ

)LOWURDFDUERQHDWWLYRSHUIXQ]LRQDPHQWRD

ULFLUFRORGDULD

,ILOWULDFDUERQHDWWLYRQHOIXQ]LRQDPHQWRDULFLUFRORGDULD

WUDWWHQJRQROHSDUWLFHOOHFKHFDXVDQRLFDWWLYLRGRUL,QFDVRGL

HVHUFL]LRQRUPDOHDOOLQFLUFDRUDDOJLRUQRVRVWLWXLUHLOILOWURD

FDUERQHDWWLYRXQDYROWDDOODQQR

$YYHUWHQ]D ,ILOWULDFDUERQHDWWLYRQRQFRQWHQJRQRDOFXQD

VRVWDQ]DQRFLYDHSRVVRQRHVVHUHVPDOWLWLQHLULILXWLGRPHVWLFL

6RVWLWX]LRQHGHOILOWURDFDUERQHDWWLYR

 3UHPHUH OHJJHUPHQWH YHUVR ODOWR LO SDQQHOOR GL FRPDQGR H WLUDUOR

LQDYDQWL

 6PRQWDUHLOILOWURDFDUERQHDWWLYR

 ,QVHULUHLOQXRYRILOWURDFDUERQHDWWLYR ILJ

 ,QVHULUHREOLTXDPHQWHLOSDQQHOORGLFRPDQGRSUHPHUH

OHJJHUPHQWH YHUVR ODOWR H VSLQJHUH YHUVR OD SDUWH SRVWHULRUH /H

IHVVXUHVXOSDQQHOORGLFRPDQGRGHYRQRLQVHULUVLVXLSHUQLGL

VLFXUH]]D ILJ

0RQWDYLPRLQVWUXNFLMD

: 6YDUEŠVVDXJRVQXURG\PDL

$WLGçLDLSHUVNDLW\NLWHåLĉLQVWUXNFLMĉ7LNWDGDJDOėVLWHVDXJLDLLU

WLQNDPDLQDXGRWLVSULHWDLVX,åVDXJRNLWHQDXGRMLPRLUPRQWDYLPR

LQVWUXNFLMĉNDGJDOėWXPėWHYėOLDXSDVLQDXGRWLDUEDSHUGXRWL

QDXMDPVDYLQLQNXL

3ULHWDLVDVVDXJLDLQDXGRMLPDVWLNWXRPHWMHLMLVWLQNDPDL

VXPRQWXRWDVODLNDQWLVPRQWDYLPRLQVWUXNFLMRVĬUHQJLPRGDUEXV

DWOLHNDQWLVDVPXRDWVDNLQJDVXçQHSULHNDLåWLQJĉYHLNLPĉVWDW\PR

YLHWRMH

3DYRMXVVXVLçHLVWL

-HL SULHWDLVDV SULWYLUWLQWDV QHWLQNDPDL MLV JDOL QXNULVWL 9LVL WYLUWLQLPR

HOHPHQWDLWXULEŠWLWYLUWDLLUVDXJLDLSULYHUçWL

(OHNWURVVPŠJLRSDYRMXV

3ULHWDLVR YLGXMH HVDQĀLRV NRQVWUXNFLQėV GDO\V JDOL EŠWL DåWULRV -RV

JDOLSDçHLVWLHOHNWURVODLGĉ0RQWXRGDPLQHSHUOHQNLWHLU

QHSULVSDXVNLWHHOHNWURVODLGR

.\ODSDYRMXVVXVLçHLVWL

3ULHWDLVRYLGXMHHVDQĀLRVNRQVWUXNFLQėVGDO\VJDOLEŠWLDåWULRV

'ėYėNLWHDSVDXJLQHVSLUåWLQHV

.\ODSDYRMXVXçGXVWL

3DNXRWėSDYRMLQJDYDLNDPV1LHNXRPHWQHOHLVNLWHçDLVWLYDLNDPV

VXSDNXRWėVPHGçLDJRPLV

ĬUHQJLPDV

'ėPHVLR

ĬVLWLNLQNLWH NDG VULW\VH NXULRVH UXRåLDWėV JUęçWL QėUD HOHNWURV ODLGŨ

GXMŨDUYDQGHQWLHNLRYDP]GçLŨ

■ 3Dç\PėNLWH YLHWDV NXULRVH VXNVLWH YDUçWXV LU NDELQDPR SULHWDLVR

NRQWŠUXV

,åJUęçNLWHPPLUPPJ\OLRVN\OHVLUNDLåĀLXVĭVWXPNLWHLNL

SDWVLHQRV  SDY

■ ,åLPNLWHDNW\YLQWRVLRVDQJOLHVILOWUĉLUQXSOėåNLWHSOėYHOę  SDY

■ 3ULVXNLWHUHFLUNXOLDFLMRVPRGXOĭLUNDPLQRDSWDLVRWYLUWLQLPR

NDPSDLQĭ  SDY

■ 3ULWYLUWLQNLWHçDUQĉVXGYLHPYDP]GçLRDSNDERPLVSULH

UHFLUNXOLDFLMRVPRGXOLRLUSULHJDUŨULQNWXYRRURMXQJWLHV

æDUQDWXULEŠWLĭWHPSWDWRGėOSULUHLNXVMĉVXWUXPSLQNLWH  SDY

■ $QWNDPLQRDSWDLVRXçGėNLWHĭVWULçĉMĭDGDSWHUĭ  SDY

■ .DPLQRDSWDLVĉXçGėNLWHDQWSULHWDLVR

9LGLQĭNDPLQRDSWDLVĉVXPRQWXRNLWHSO\åLDLVĭDSDĀLĉ  SDY

■ /DLN\NLWHYLUåXWLQĭNDPLQRDSWDLVĉLUSDWUDXNLWHDXNåW\Q  SDY

■ .DPLQRDSWDLVRåRQLQHVVNDUGDVåLHNWLHNSDWUDXNLWHĭåRQXV

XçNDELQNLWHXçWYLUWLQLPRNDPSDLQLRLULNLJDORVXVSDXVNLWH

 SDY

■ 3ULVXNLWHNDPLQRDSWDLVĉ  SDY

■ ĬVWDW\NLWHDNW\YLQWRVLRVDQJOLHVILOWUĉ  SDY

■ 6N\GHOĭSDGėNLWHĭVWULçDLåLHNWLHNSDVSDXVNLWHDXNåW\QLU

VWXPNLWHWRO\Q6N\GHOLRLåėPRVWXULĭVLVWDW\WLYLUåDSVDXJLQLŨ

YDUçWŨ  SDY

$NW\YLQWRVLRV DQJOLHV ILOWUDV UHFLUNXOLDFLMRV UHçLPXL

ĬMXQJXVUHFLUNXOLDFLMRVUHçLPĉDNW\YLQWRVLRVDQJOLHVILOWUDVVXJHULD

NYDSXVĬSUDVWDLHNVSORDWXRMDQWNDVGLHQDS\WLNVOYDODQGĉ

DNW\YLQWRVLRVDQJOLHVILOWUĉUHLNLDNHLVWLYLHQĉNDUWĉSHUPHWXV

3DVWDED $NW\YLQWRVLRVDQJOLHVILOWUXRVHQėUDNHQNVPLQJŨMŨ

PHGçLDJŨMXRVJDOLPDLåPHVWLNDUWXVXEXLWLQėPLVDWOLHNRPLV

$NW\YLQWRVLRVDQJOLHVILOWURNHLWLPDV

 6N\GHOĭåLHNWLHNSDVWXPNLWHĭYLUåŨLULåLPNLWHWUDXNGDPLĭVDYH

 ,åPRQWXRNLWHDNW\YLQWRVLRVDQJOLHVILOWUĉ

 ĬVWDW\NLWHQDXMĉDNW\YLQWRVLRVDQJOLHVILOWUĉ  SDY

 6N\GHOĭ SDGėNLWH ĭVWULçDL åLHN WLHN SDVSDXVNLWH DXNåW\Q LU VWXPNLWH

WRO\Q6N\GHOLRLåėPRVWXULĭVLVWDW\WLYLUåDSVDXJLQLŨYDUçWŨ

 SDY

 

0RQWąçDVLQVWUXNFLMD

: 6YDUĩJDVGURåĩEDVQRUąGHV

8]PDQĩJLL]ODVLHWåRSDPąFĩEX7LNDLWDG-ŠVYDUēVLHWGURåLXQ

SDUHL]LOLHWRWVDYXLHUĩFL/LHWRåDQDVLQVWUXNFLMXVDJODEąMLHWODL

YDUēWXWRL]PDQWRWYēOąNYDLDUĩYDMDG]ĩEDVJDGĩMXPąQRGRW

QąNDPDMDPĩSDåQLHNDP

/LHWRåDQDLUGURåDWLNDLWDGMDX]VWąGĩåDQDLUWHKQLVNLSDUHL]DXQ

DWELOVWĩJDSDPąFĩEDL3DUSDUHL]XLHNąUWDVGDUEĩEXX]VWąGĩåDQDV

YLHWąDWELOGX]VWąGĩWąMV

,HYDLQRMXPXULVNV

-DLHUĩFHQDYSDUHL]LSLHVWLSULQąWDSLHVLHQDVWąYDUNULVW9LVL

VWLSULQąMXPLMąX]VWąGDVWLQJULXQGURåL

(OHNWURWUDXPXULVNV

,HNąUWDVLHNåēMąPGHWDĹąPYDUEŠWDVDVPDODVXQVWŠUL7LHYDU

ERMąWSLHVOēJXPDNDEHOL8]VWąGĩåDQDVODLNąQHORNLHWXQQHNXU

QHLHVSLHGLHWSLHVOēJXPDNDEHOL

6DYDLQRMXPXULVNV

,HNąUWDVLHNåēMąPGHWDĹąPYDUEŠWDVDVPDODVXQVWŠUL-ąL]PDQWR

DL]VDUJFLPGL

1RVPDNåDQDVULVNV

,HSDNRMXPDPDWHULąOLLUEĩVWDPLEēUQLHP1HĹDXMLHWEēUQLHP

URWDĹąWLHVDULHSDNRMXPDPDWHULąOX

8]VWąGĩåDQD

8]PDQĩEX

3ąUEDXGLHWYDLXUELVQHVNDUVHOHNWURYDGXVXQJą]HVYDLŠGHQV

FDXUXOHV

■ ,H]ĩPēMLHWVNUŠYMXSR]ĩFLMDVXQLHNąUåDQDVYLHWDVNRQWŠUX

,]XUELHW PPSODWXVXQ PPG]LĹXVFDXUXPXVXQSLOQĩJL

LHYLHWRMLHWWDMRVWDSDV  DWWēOV

■ ,]ŁHPLHWDNWĩYąVRJOHVILOWUXXQQRŁHPLHWSOēYL  DWWēOV

■ 3LHVNUŠYēMLHWJDLVDFLUNXOąFLMDVPRGXOLXQYēGNDQąODSDQHĹX

OHŁĴDEDOVWHQL  DWWēOV

■ 3LHVWLSULQLHWåĹŠWHQLSLHJDLVDFLUNXOąFLMDVPRGXĹDXQWYDLNX

QRVŠFēMDJDLVDĩVFDXUXOHVL]PDQWRMRWGLYDVDSVNDYDV

äĹŠWHQHLMąEŠWQRVWLHSWDLYDMDG]ĩEDVJDGĩMXPąVDĩVLQLHWWR

 DWWēOV

■ 8]OLHFLHWVOĩSRDGDSWHULX]YēGNDQąODSDQHĹLHP  DWWēOV

■ 8]OLHFLHWYēGNDQąODSDQHĹXVX]LHUĩFHV

8]VWąGLHWLHNåēMRYēGNDQąODSDQHOLDUDWYHUēPX]OHMX  DWWēOV

■ 3LHWXULHWDXJåēMRYēGNDQąODSDQHOLXQYHOFLHWX]DXJåX

 DWWēOV

■ 1HGDXG] DWOLHFLHW YēGNDQąOD SDQHĹX VąQX PHWąOD SOąNVQHV YLHQX

QR RWUDV LHYLHWRMLHW WąV DL] OHŁĴD EDOVWHŁD XQ VDVSLHGLHW NRSą OĩG]

DWGXUHL  DWWēOV

■ 3LHVNUŠYēMLHWYēGNDQąODSDQHĹXV  DWWēOV

■ ,HOLHFLHWDNWĩYąVRJOHVILOWUX  DWWēOV

■ 6OĩSLX]OLHFLHWDL]VDUJXYLHJOLSDVSLHGLHWX]DXJåXXQLHEĩGLHW

YLU]LHQąX]DL]PXJXUL$L]VDUJDSDG]LĹLQąMXPLHPMąYLU]ąVSąUL

DL]WXUWDSąP  DWWēOV

$NWĩYąV RJOHV ILOWUV L]PDQWRåDQDL JDLVD FLUNXOąFLMDV

UHçĩPą

*DLVDFLUNXOąFLMDVUHçĩPąDNWĩYąVRJOHVILOWUVDL]WXUDURPąWYLHODV

,]PDQWRMRWDNWĩYąVRJOHVILOWUXSDUDVWąGDUEDUHçĩPąNDWUXGLHQX

DSPVWXQGXWDVMąPDLQDYLHQUHL]JDGą

1RUąGĩMXPV $NWĩYąVRJOHVILOWUąQDYNDLWĩJXYLHOXWąSēFWRYDU

L]PHVWVDG]ĩYHVDWNULWXPRV

$NWĩYąVRJOHVILOWUDPDLŁD

 9LHJOLSDVSLHGLHWDL]VDUJXX]DXJåXXQSDYHOFLHWX]VDYXSXVL

 ,]ŁHPLHWDNWĩYąVRJOHVILOWUX

 ,HOLHFLHWMDXQXDNWĩYąVRJOHVILOWUX  DWWēOV

 6OĩSLX]OLHFLHWDL]VDUJXYLHJOLSDVSLHGLHWX]DXJåXXQLHEĩGLHW

YLU]LHQąX]DL]PXJXUL$L]VDUJDSDG]LĹLQąMXPLHPMąYLU]ąVSąUL

DL]WXUWDSąP  DWWēOV

ΝιΪμλμάθαΪζθημΪΰΪ

: Αίεμηπηβςομνπμημίξνλδμη

ΌηβζΪμίεηθικθρβμΪϒμίέθθάΪνιΪμλμάθΛΪζθμθέΪςϖίζθΰί

ΫίαΫίήηθβικΪάβεηθήΪέθνιθμκίΫνάΪμίΌΪςβθμνκίήΑΪρνάΪϒμί

έθ νιΪμλμάθμθ αΪ νιθμκίΫΪ β ζθημΪΰΪ αΪ ιθήθπηίΰηΪ νιθμκίΫΪ βεβ

αΪλείήηβθμδθκβληβδ

ΛΪζθλθλμκνρηΪζθημΪΰΪλθέεΪληθνιΪμλμάθμθαΪζθημΪΰΪί

αΪέΪκΪημβκΪηΪ ΫίαΫίήηθλμΪ ικβ νιθμκίΫΪ ηΪ νκίήθμ ΒηλμΪεΪμίκθμ

ίθήέθάθκίηαΪΫίλικίδθκηθξνηδπβθηβκΪϔίηΪζίλμθμθηΪ

ιθλμΪάνάΪϔί

Νξίπμνπρνγξναοδγί

ΎθδθεδννκίήθμηίίικθιβληθικβπάκλμίηζθΰίήΪιΪήηίΛβμί

ίείζίημβηΪικβπάκλμνάΪϔίζθκΪήΪΫβήΪμπάκλμθβλβένκηθ

ζθημβκΪηβ

Νξίπμνπρνγπροςδμςγίο

ΛθλμΪάίηβμίήίεθάβάθνκίήθμζθΰίήΪΫβήΪμλθθλμκβκΪΫθάβ

ΙκβδενρηβθμδΪΫίεζθΰίήΪλίθςμίμβΗίέθάβμδΪϒμίβεβ

αΪέεΪάνάΪϒμίικβδενρηβθμδΪΫίεαΪάκίζίηΪβηλμΪεΪπβϒΪμΪ

Νξίπμνπρνγξναοδγί

ΛθλμΪάίηβμίήίεθάβάθνκίήθμζθΰίήΪΫβήΪμλθθλμκβκΪΫθάβ

ΗθλίμίαΪςμβμηβκΪδΪάβπβ

Νξίπμνπρνγζίγςχςαίϙδ

ΖΪμίκβϒΪεθμαΪιΪδνάΪϔίίθιΪλίηαΪήίπΪμΪΗίέβθλμΪάΪϒμί

ήίπΪμΪήΪλββέκΪΪμλθζΪμίκβϒΪεθμαΪιΪδνάΪϔί

Ημπρίκίυηϗί

ΑμηλDμηH

ΙκθάίκίμίήΪεβθδθενβαήνιρίηβμίθμάθκββζΪλμκνϒηβδΪΫεβ

πίάδβαΪέΪλβεβάθήΪ

■ ΒλπκμΪϒμί ϒΪ ιθαβπβϒΪμΪ αΪ αΪάκμδβμί β δθημνκβμί ηΪ ιθείμθ δΪήί

μκίΫΪήΪλίαΪδΪρνάΪ

ΒαήνιρίμίήνιδβλθPPβήεΪΫθρβηΪηΪήνιρίϔίPPβ

ικβμβληίμίέβμβιεβμίπάκλμθάθϏβήθμ Πκηιί

■ ΒαάΪήίμίέβξβεμκβμίλθΪδμβάίηϒΪέείηβθμλμκΪηίμίϒΪ

ξθεβϒΪμΪ Πκηιί

■ ΗΪάκμίμίέβζθήνεθμαΪπβκδνεΪπβϒΪβΪέθεηβθμήκΰΪραΪ

ζΪλδΪμΪηΪδΪζβηθμ Πκηιί

■ ΙκβπάκλμίμίέθπκίάθμθλθήάίμίλμίέβαΪπίάδβηΪζθήνεθμηΪ

πβκδνεΪπβϒΪβηΪάθαήνςηβμίζεΪαηβπβηΪΪλιβκΪμθκθμ

ΠκίάθμθζθκΪήΪΫβήίαΪμίέηΪμθιθιθμκίΫΪλδκΪμίμίέθ

Πκηιί

■ ΙθλμΪάίμίέθδθλβθμΪήΪιμίκηΪζΪλδΪμΪηΪδΪζβηθμ Πκηιί

■ ΙθλμΪάίμίϒΪζΪλδΪμΪηΪδΪζβηθμηΪνκίήθμ

ΖθημβκΪϒμίϒΪάηΪμκίςηΪμΪζΪλδΪηΪδΪζβηθμλθικθπίιβμί

ηΪήθεν Πκηιί

■ ΙκβπάκλμίμίϒΪέθκηΪμΪζΪλδΪηΪδΪζβηθμβιθάείρίμίηΪέθκί

Πκηιί

■ ΘήάθϒμίέβζΪεδνλμκΪηβρηβμίιείοΪλθικίάβμδνάΪϔίηΪ

ζΪλδΪμΪηΪδΪζβηθμαΪδΪρίμίέβαΪήΪέθεηβθμήκΰΪρβ

ικβμβληίμίέβήθδκΪϒ Πκηιί

■ ΑΪμίέηίμίϒΪζΪλδΪμΪηΪδΪζβηθμ Πκηιί

■ ΛμΪάίμίέβξβεμκβμίλθΪδμβάίηϒΪέείη Πκηιί

■ ΙθλμΪάίμίϒΪζΪλδΪμΪδθλθικβμβληίμίϒΪζΪεδνηΪέθκίβ

άζίμηίμί ϒΪ ηΪηΪαΪή ΙκβμθΪ ζθκΪ άήεΪΫηΪμβηβμί ηΪ ζΪλδΪμΪ ήΪ

λίλικθάίήΪμηΪήλβένκηθληβμίΫθεπηβ Πκηιί

Σηκροηζίίιρηαδμϗίβκδμζίοδεηλμί

υηοιςκίυηϗί

Ξβεμκβμί αΪ Ϊδμβάίη ϒΪέείη έβ θμλμκΪηνάΪΪμ ζβκβλβμί άθ κίΰβζ ηΪ

πβκδνεΪπβϒΪ ΑΪζίηίμί έβ ξβεμκβμί αΪ Ϊδμβάίη ϒΪέείη άθ ηθκζΪείη

κίΰβζήηίάηθθδθενρΪλ[άθέθήβηΪμΪ

Μίξνλδμί ΞβεμκβμίαΪΪδμβάίηϒΪέείηηίλθήκΰΪμςμίμηβ

ζΪμίκβββζθΰίήΪλίθμλμκΪηΪμάθήθζΪςηβθμθμιΪή

Ζίλδμίμίσηκροηρδπνίιρηαδμϗίβκδμ

 ΙκβμβληίμίϒΪζΪλδΪμΪζΪεδνηΪέθκίββαάείρίμίϒΪηΪηΪικίή

 ΎίζθημβκΪϒμίέβξβεμκβμίλθΪδμβάίηϒΪέείη

 ΛμΪάίμίέθηθάβθμξβεμίκλθΪδμβάίηϒΪέείη Πκηιί

 ΙθλμΪάίμίϒΪζΪλδΪμΪδθλθικβμβληίμίϒΪζΪεδνηΪέθκίβ

άζίμηίμί ϒΪ ηΪηΪαΪή ΙκβμθΪ ζθκΪ άήεΪΫηΪμβηβμί ηΪ ζΪλδΪμΪ ήΪ

λίλικθάίήΪμηΪήλβένκηθληβμίΫθεπηβ Πκηιί

 

,QVWDOODWLHYRRUVFKULIW

: %HODQJULMNHYHLOLJKHLGVYRRUVFKULIWHQ

/HHVGH]HJHEUXLNVDDQZLM]LQJ]RUJYXOGLJGRRU$OOHHQGDQNXQWX

XZDSSDUDDWJRHGHQYHLOLJEHGLHQHQ%HZDDUGH

JHEUXLNVDDQZLM]LQJ YRRU ODWHU JHEUXLN RI RP GRRU WH JHYHQ DDQ HHQ

YROJHQGHHLJHQDDU

'HYHLOLJKHLGLVDOOHHQJHZDDUERUJGELMHHQGHVNXQGLJHPRQWDJH

YROJHQVGHPRQWDJHKDQGOHLGLQJ'HLQVWDOODWHXULV

YHUDQWZRRUGHOLMNYRRUHHQJRHGHZHUNLQJRSGHSODDWVYDQ

RSVWHOOLQJ

5LVLFRYDQOHWVHO

,VKHWWRHVWHOQLHWQDDUEHKRUHQEHYHVWLJGGDQNDQKHWQDDU

EHQHGHQ YDOOHQ $OOH EHYHVWLJLQJVVFKURHYHQ PRHWHQ YDVW HQ YHLOLJ

ZRUGHQJHPRQWHHUG

*HYDDUYDQHHQHOHNWULVFKHVFKRN

%HSDDOGHRQGHUGHOHQLQKHWWRHVWHONXQQHQVFKHUSHUDQGHQ

KHEEHQ+LHUGRRUNDQGHDDQVOXLWNDEHOEHVFKDGLJGUDNHQ

$DQVOXLWNDEHOQLHWNQLNNHQRIDINOHPPHQELMGHLQVWDOODWLH

5LVLFRYDQOHWVHO

%HSDDOGHRQGHUGHOHQLQKHWWRHVWHONXQQHQVFKHUSHUDQGHQ

KHEEHQ9HLOLJKHLGVKDQGVFKRHQHQGUDJHQ

9HUVWLNNLQJVJHYDDU

9HUSDNNLQJVPDWHULDDOLVJHYDDUOLMNYRRUNLQGHUHQ.LQGHUHQQRRLW

PHWYHUSDNNLQJVPDWHULDDOODWHQVSHOHQ

,QVWDOODWLH

$WWHQWLH

=RUJ HUYRRU GDW ]LFK LQ KHW JHELHG YDQ GH RSHQLQJHQ JHHQ VWURRP

JDVRIZDWHUOHLGLQJHQEHYLQGHQ

■ 3RVLWLHVYRRUGHVFKURHYHQHQGHRPWUHNYDQKHWLQKDQJJHELHG

PDUNHUHQ

*DWHQPHWPPHQERRUGLHSWHPPERUHQHQGHSOXJJHQ

KLHUKHOHPDDOLQGUXNNHQ $IE

■ 'HDFWLHYHNRROILOWHUXLWQHPHQHQGHIROLHYHUZLMGHUHQ $IE

■ 'HOXFKWFLUFXODWLHPRGXOHHQGHEHYHVWLJLQJVKRHNYRRUKHW

VFKRRUVWHHQDIVFKHUPVWXNYDVWVFKURHYHQ $IE

■ 'HVODQJPHWGHWZHHEHYHVWLJLQJVULQJHQDDQGH

OXFKWFLUFXODWLHPRGXOHHQKHWOXFKWDDQVOXLWVWXNYDQGHDI]XLJNDS

YDVWPDNHQ

'HVODQJPRHWVWUDNJHVSDQQHQ]LMQ]RQRGLJLQNRUWHQ $IE

■ 'HVFKXLQHDGDSWHURSKHWDIVFKHUPVWXNSODDWVHQ $IE

■ +HWDIVFKHUPVWXNRSKHWDSSDUDDWSODDWVHQ

+HWELQQHQVWHVFKRRUVWHHQDIVFKHUPVWXNPHWGHVOHXYHQQDDU

EHQHGHQPRQWHUHQ $IE

■ +HW ERYHQVWH DIVFKHUPVWXN YDVWKRXGHQ HQ QDDU ERYHQ WUHNNHQ

$IE

■ 'H]LMSODDWYDQKHWDIVFKHUPVWXNHHQEHHWMHXLWHONDDUEXLJHQ

DFKWHUGHEHYHVWLJLQJVKRHNKDQJHQHQWRWGHDDQVODJ

VDPHQGUXNNHQ $IE

■ +HWDIVFKHUPVWXNYDVWVFKURHYHQ $IE

■ $FWLHYHNRROILOWHULQEUHQJHQ $IE

■ +HWDIVFKHUPVWXNHUVFKXLQWHJHQDDQ]HWWHQOLFKWQDDUERYHQ

GUXNNHQHQQDDUDFKWHUHQVFKXLYHQ'HXLWVSDULQJHQYDQKHW

DIVFKHUPVWXNPRHWHQKLHUELMRYHUYHLOLJKHLGVERXWHQZRUGHQ

JHOHLG $IE

$FWLHYHNRROILOWHUVYRRUOXFKWFLUFXODWLH

$FWLHYHNRROILOWHUVELQGHQGHUHXNVWRIIHQELMGHOXFKWFLUFXODWLH'H

DFWLHYHNRROILOWHUVGLHQHQELMQRUPDDOJHEUXLNGDJHOLMNVFDXXU

[SHUMDDUWHZRUGHQYHUYDQJHQ

$DQZLM]LQJ $FWLHYHNRROILOWHUVEHYDWWHQJHHQVFKDGHOLMNHVWRIIHQ

HQNXQQHQPHWKHWKXLVYXLOZRUGHQPHHJHJHYHQ

$FWLHYHNRROILOWHUYHUYDQJHQ

 +HWDIVFKHUPVWXNOLFKWQDDUERYHQGUXNNHQHQQDDUYRUHQ

WUHNNHQ

 $FWLHYHNRROILOWHUGHPRQWHUHQ

 1LHXZHDFWLHYHNRROILOWHULQEUHQJHQ $IE

 +HWDIVFKHUPVWXNHUVFKXLQWHJHQDDQ]HWWHQOLFKWQDDUERYHQ

GUXNNHQHQQDDUDFKWHUHQVFKXLYHQ'HXLWVSDULQJHQYDQKHW

DIVFKHUPVWXNPRHWHQKLHUELMRYHUYHLOLJKHLGVERXWHQZRUGHQ

JHOHLG $IE

0RQWHULQJVYHLOHGQLQJ

: 9LNWLJHVLNNHUKHWVDQYLVQLQJHU

/HV GHQQH EUXNVDQYLVQLQJHQ Q¡\H 'HW HU HQ IRUXWVHWQLQJ IRU DW GX

VNDO NXQQH EUXNH DSSDUDWHW Sn HQ VLNNHU RJ ULNWLJ PnWH 7D YDUH Sn

EUXNVRJPRQWHULQJVDQYLVQLQJHQVOLNDWGXNDQEUXNHGHQLJMHQ

VHQHUHHOOHUJLGHQYLGHUHWLOHYHQWXHOOHNRPPHQGHHLHUHDY

DSSDUDWHW

6LNNHUKHWHQXQGHUEUXNHQHUNXQJDUDQWHUWGHUVRPPRQWHULQJHQ

IRUHWDVIRUVNULIWVPHVVLJLKHQKROGWLOPRQWHULQJVYHLOHGQLQJHQ

,QVWDOODW¡UHQ HU DQVYDUOLJ IRU DW DSSDUDWHW IXQJHUHU VRP GHW VNDO Sn

RSSVWLOOLQJVVWHGHW

)DUHIRUSHUVRQVNDGHU

+YLVDSSDUDWHWLNNHHUIRUVYDUOLJIHVWHWNDQGHWIDOOHQHG$OOH

IHVWHHOHPHQWHUPnYUHIDVWRJVLNNHUWPRQWHUW

)DUHIRUHOHNWULVNVW¡W

.RPSRQHQWHULQQLDSSDUDWHWNDQKDVNDUSHNDQWHU6WU¡PNDEHOHQ

NDQEOLVNDGHW6WU¡PNDEHOHQPnLNNHNQHNNHVHOOHUNOHPPHVLQQ

XQGHULQVWDOODVMRQHQ

)DUHIRUSHUVRQVNDGHU

.RPSRQHQWHULQQLDSSDUDWHWNDQKDVNDUSHNDQWHU%UXN

YHUQHKDQVNHUXQGHULQVWDOODVMRQDYDSSDUDWHW

)DUHIRUNYHOQLQJ

(PEDOODVMHPDWHULDOHWHUIDUOLJIRUEDUQ%DUQPnDOGULInOHNHPHG

HPEDOODVMHQ

,QVWDOODVMRQ

2EV

3DVV Sn DW GHW LNNH ILQQHV VWU¡POHGQLQJHU HOOHU JDVV HOOHU YDQQU¡U

LRPUnGHWYHGnSQLQJHQH

■ 7HJQRSSSRVLVMRQHQIRUVNUXHQHRJNRQWXUHQDY

RSSKHQJLQJVRPUnGHW

%RUKXOOPHGPPRJERUHG\EGHPPRJWU\NNLQQ

SOXJJHQH ELOGH 

■ 7DXWDNWLYNXOOILOWHUHWRJIMHUQIROLHQ ELOGH 

■ 6NUXIDVWVLUNXODVMRQVGULIWPRGXOHQRJKROGHYLQNHOHQWLO

DYWUHNNVSDQHOHW ELOGH 

■ )HVWVODQJHQPHGGHWRNOHPPHQHWLOVLUNXODVMRQVGULIWPRGXOHQ

RJWLOOXIWHVWXVVHQSnYHQWLODWRUHQ

6ODQJHQPnYUHVWUDP)RUNRUWGHQRPQ¡GYHQGLJ ELOGH 

■ 6HWWVNUnDGDSWHUHQSnDYWUHNNVSDQHOHW ELOGH 

■ 6HWWDYWUHNNVSDQHOHWSnDSSDUDWHW

0RQWHUGHWLQGUHDYWUHNNVSDQHOHWPHGVSRUHQHYHQGWQHG

ELOGH 

■ +ROGIDVWGHW¡YUHDYWUHNNVSDQHOHWRJWUHNNGHWRSSRYHU

ELOGH 

■ %¡\ GH WR VLGHSODWHQH WLO DYWUHNNVSDQHOHW OHWW IUD KYHUDQGUH KHNW

GHP IDVW EDN KROGHYLQNHOHQ RJ WU\NN GHP KHOW VDPPHQ ELOGH 

■ 6NUXIDVWDYWUHNNVSDQHOHW ELOGH 

■ 6HWWLQQDNWLYNXOOILOWHU ELOGH 

■ 6HWWSDQHOHWSnVNUnWU\NNGHWOLWWRSSRJVN\YGHWEDNRYHU

8WVSDULQJHQHLSDQHOHWPnI¡UHVRYHUVLNULQJVEROWHQH ELOGH 

$NWLYNXOOILOWHUIRUVLUNXODVMRQVGULIW

$NWLYWNXOOILOWUH ELQGHU OXNWVWRIIHQH L VLUNXODVMRQVGULIW 9HG YDQOLJ EUXN

FDWLPHGDJOLJVNDODNWLYNXOOILOWHUHWVNLIWHVXWJDQJLnUHW

0HUN $NWLYNXOOILOWUHLQQHKROGHULQJHQVNDGHOLJHVWRIIHURJNDQ

NDVWHVLKXVKROGQLQJVDYIDOOHW

6NLIWHXWDNWLYNXOOILOWHUHW

 7U\NNSDQHOHWOLWWRSSRYHURJWUHNNGHWIRURYHU

 7DXWDNWLYNXOOILOWHUHW

 6HWWLQQQ\WWDNWLYNXOOILOWHU ELOGH 

 6HWWSDQHOHWSnVNUnWU\NNGHWOLWWRSSRJVN\YGHWEDNRYHU

8WVSDULQJHQHLSDQHOHWPnI¡UHVRYHUVLNULQJVEROWHQH ELOGH 

 

,QVWUXNFMDPRQWDŰX

: :DŰQHZVND]yZNLGRW\F]ĉFHEH]SLHF]HĿVWZD

1DOHŰ\ GRNãDGQLH SU]HF]\WDþ QLQLHMV]ĉ LQVWUXNFMę =DSR]QDQLH VLę ]

QLĉSR]ZROLQDEH]SLHF]QHLZãDŔFLZHXŰ\WNRZDQLHXU]ĉG]HQLD

,QVWUXNFMęREVãXJLLPRQWDŰXQDOHŰ\]DFKRZDþGRSyŮQLHMV]HJR

ZJOĉGXOXEGODNROHMQHJRXŰ\WNRZQLND

%H]SLHF]HĿVWZRSRGF]DVXŰ\WNRZDQLD]DSHZQLRQHMHVWW\ONRSR

SUDZLGãRZ\P ]DPRQWRZDQLX ]JRGQLH ] LQVWUXNFMĉ PRQWDŰX 0RQWHU

MHVWRGSRZLHG]LDOQ\]DSUDZLGãRZHG]LDãDQLHZPLHMVFXLQVWDODFML

XU]ĉG]HQLD

1LHEH]SLHF]HĿVWZRREUDŰHĿ

-HŔOL XU]ĉG]HQLH QLH MHVW SUDZLGãRZR SU]\PRFRZDQH PRŰH VSDŔþ

:V]\VWNLH HOHPHQW\ PRFXMĉFH PXV]ĉ E\þ ]DPRQWRZDQH VWDUDQQLH

LGRNãDGQLH

1LHEH]SLHF]HĿVWZRSRUDŰHQLDSUĉGHPHOHNWU\F]Q\P

(OHPHQW\XU]ĉG]HQLDPRJĉPLHþRVWUHNUDZęG]LH0RŰHWR

GRSURZDG]LþGRXV]NRG]HQLDSU]HZRGXSU]\ãĉF]HQLRZHJR1LH

]DJLQDþDQLQLH]DFLVNDþNDEODSU]\ãĉF]HQLRZHJRSRGF]DV

LQVWDORZDQLD

1LHEH]SLHF]HĿVWZRREUDŰHĿ

(OHPHQW\XU]ĉG]HQLDPRJĉPLHþRVWUHNUDZęG]LH=DOHFDVLę

]DNãDGDQLHUęNDZLFRFKURQQ\FK

1LHEH]SLHF]HĿVWZRXGXV]HQLD

2SDNRZDQLH MHVW QLHEH]SLHF]QH GOD G]LHFL 1LH SR]ZDODþ G]LHFLRP

QD]DEDZęRSDNRZDQLHP

,QVWDODFMD

8ZDJD

8SHZQLþVLęŰHZREV]DU]HQDZLHUFHĿQLHPDSU]HZRGyZ

HOHNWU\F]Q\FKUXUJD]RZ\FKDQLSU]HZRGyZGRSURZDG]DMĉF\FK

ZRGę

■ =D]QDF]\þSR]\FMHŔUXELNRQWXUREV]DUX]DZLHV]HQLD

:\ZLHUFLþRWZRU\R  PPLJãęERNRŔFL PPLZFLVQĉþNRãNL

UR]SRURZH WDN DE\ LFK EU]HJ E\ã Z MHGQHM SãDV]F]\ŮQLH ]H ŔFLDQĉ

U\V 

■ :\MĉþILOWU]ZęJOHPDNW\ZQ\PLXVXQĉþIROLę U\V 

■ 3U]\NUęFLþPRGXãRELHJX]DPNQLęWHJRRUD]NĉWRZQLNPRFXMĉF\

GRPRQWDŰXREXGRZ\NRPLQRZHM U\V 

■ =DSRPRFĉGZyFKREHMPSU]\PRFRZDþUXUęGRPRGXãXRELHJX

]DPNQLęWHJRLGRNUyþFDSRZLHWU]DQDRNDSLH

:ĉŰPXVLE\þQDSUęŰRQ\ZUD]LHSRWU]HE\VNUyFLþ U\V 

■ $GDSWHUXNRŔQ\QDãRŰ\þQDREXGRZęNRPLQRZĉ U\V 

■ 2EXGRZęNRPLQRZĉQDãRŰ\þQDXU]ĉG]HQLH

:HZQęWU]Qĉ F]ęŔþ REXGRZ\ NRPLQRZHM QDãRŰ\þ QD XU]ĉG]HQLH

U\V 

■ 3U]\WU]\PDþJyUQĉF]ęŔþREXGRZ\NRPLQRZHMLSRFLĉJQĉþGR

JyU\ U\V 

■ /HNNR UR]FK\OLþ EODFK\ ERF]QH REXGRZ\ NRPLQRZHM ]DZLHVLþ ]D

NĉWRZQLNLHPLŔFLVQĉþGRRSRUX U\V 

■ 3U]\NUęFLþREXGRZęNRPLQRZĉ U\V 

■ :ãRŰ\þQRZ\ILOWU]ZęJOHPDNW\ZQ\P U\V 

■ 1DVDG]Lþ XNRŔQLH SU]HVãRQę OHNNR QDFLVQĉþ GR JyU\ L SU]HVXQĉþ

GRW\ãX:JãęELHQLDQDSU]HVãRQLHPXV]ĉQDFKRG]LþQDEROFH

]DEH]SLHF]DMĉFH U\V 

)LOWU\ ] ZęJOHP DNW\ZQ\P GR WU\EX SUDF\ Z RELHJX

]DPNQLęW\P

)LOWU\]ZęJOHPDNW\ZQ\PSRFKãDQLDMĉQLHSRŰĉGDQH]DSDFK\Z

WU\ELHSUDF\ZRELHJX]DPNQLęW\P3U]\VWDQGDUGRZ\P

XŰ\WNRZDQLXILOWUD]ZęJOHPDNW\ZQ\PFRG]LHQQLHSU]H]RN

JRG]LQęQDOHŰ\Z\PLHQLDþILOWU[ZURNX

:VND]yZND )LOWU\]ZęJOHPDNW\ZQ\PQLH]DZLHUDMĉVXEVWDQFML

V]NRGOLZ\FKLPRŰQDMHZ\U]XFDþ]RGSDGDPLNRPXQDOQ\PL

:\PLDQDILOWUD]ZęJOHPDNW\ZQ\P

 1DFLVQĉþSU]HVãRQęOHNNRGRJyU\LSRFLĉJQĉþGRSU]RGX

 :\MĉþILOWU]ZęJOHPDNW\ZQ\P

 :ãRŰ\þQRZ\ILOWU]ZęJOHPDNW\ZQ\P U\V 

 1DVDG]Lþ XNRŔQLH SU]HVãRQę OHNNR QDFLVQĉþ GR JyU\ L SU]HVXQĉþ

GRW\ãX:JãęELHQLDQDSU]HVãRQLHPXV]ĉQDFKRG]LþQDEROFH

]DEH]SLHF]DMĉFH U\V 

,QVWUXo}HVGHPRQWDJHP

: ,QVWUXo}HVGHVHJXUDQoDLPSRUWDQWHV

/HLDDWHQWDPHQWHRSUHVHQWHPDQXDO6yDVVLPSRGHUiXWLOL]DUR

VHX DSDUHOKR GH IRUPD VHJXUD H FRUUHFWD *XDUGH DV LQVWUXo}HV GH

XWLOL]DomRHPRQWDJHPSDUDFRQVXOWDVIXWXUDVRXSDUDIXWXURV

XWLOL]DGRUHV

6y FRP XPD PRQWDJHP HVSHFLDOL]DGD H HP FRQIRUPLGDGH FRP DV

LQVWUXo}HV GH PRQWDJHP SRGH VHU JDUDQWLGD D VHJXUDQoD GXUDQWH

DXWLOL]DomR2LQVWDODGRUpUHVSRQViYHOSHORIXQFLRQDPHQWR

FRUUHWRQRORFDOGHPRQWDJHP

3HULJRGHIHULPHQWRV

2DSDUHOKRSRGHFDLUVHQmRHVWLYHUFRUUHWDPHQWHIL[DGR7RGRV

RVHOHPHQWRVGHIL[DomRWrPGHVHUPRQWDGRVGHIRUPDIL[DH

VHJXUD

3HULJRGHFKRTXHHOpWULFR

2VFRPSRQHQWHVLQWHULRUHVGRDSDUHOKRSRGHPWHUDUHVWDVYLYDV

2 FDER GH OLJDomR SRGH ILFDU GDQLILFDGR 1mR GREUDU QHP HQWDODU R

FDERHOpWULFRGXUDQWHDLQVWDODomR

3HULJRGHIHULPHQWRV

2VFRPSRQHQWHVLQWHULRUHVGRDSDUHOKRSRGHPWHUDUHVWDVYLYDV

8VHOXYDVGHSURWHomR

3HULJRGHDVIL[LD

2PDWHULDOGHHPEDODJHPpSHULJRVRSDUDDVFULDQoDV1XQFD

GHL[HDVFULDQoDVEULQFDUHPFRPRPDWHULDOGHHPEDODJHP

,QVWDODomR

$WHQomR

&HUWLILTXHVH GH TXH QmR H[LVWHP FDERV HOpWULFRV WXERV GH JiV RX

GHiJXDQD]RQDGRVIXURV

■ 0DUTXH DV SRVLo}HV SDUD RV SDUDIXVRV H R FRQWRUQR GD ]RQD GH

VXVSHQVmR

)DoDIXURVFRPPPGHGLkPHWURHPPGHSURIXQGLGDGHH

LQWURGX]DDVEXFKDVjIDFHFRPDSDUHGH )LJ

■ 5HWLUHRILOWURGHFDUYmRDWLYRHUHPRYDDSHOtFXOD )LJ

■ $SDUDIXVH R PyGXOR GH FLUFXODomR GH DU H R HVTXDGUR GH IL[DomR

SDUDRSDLQHOGHFRUDWLYRGDFKDPLQp )LJ

■ )L[HDPDQJXHLUDFRPDVGXDVEUDoDGHLUDVQRPyGXORGH

FLUFXODomRGHDUHQDPDQJDGHDUGRH[DXVWRU

$ PDQJXHLUD GHYH HVWDU HVWLFDGD VH QHFHVViULR FRUWHD )LJ

■ &RORTXH R DGDSWDGRU LQFOLQDGR QR SDLQHO GHFRUDWLYR GD FKDPLQp

)LJ

■ &RORTXHRSDLQHOGHFRUDWLYRGDFKDPLQpQRDSDUHOKR

0RQWHRSDLQHOGHFRUDWLYRLQWHULRUGDFKDPLQpFRPDVUDQKXUDV

YLUDGDVSDUDEDL[R )LJ

■ )L[HRSDLQHOGHFRUDWLYRVXSHULRUGDFKDPLQpHSX[HRSDUD

FLPD )LJ

■ 'REUHOLJHLUDPHQWHDVSODFDVODWHUDLVGRSDLQHOGHFRUDWLYRGD

FKDPLQpHQJDWHDVDWUiVGRHVTXDGURGHIL[DomRHSUHVVLRQH

DVDWpDREDWHQWH )LJ

■ )L[HRSDLQHOGHFRUDWLYRGDFKDPLQp )LJ

■ ,QVLUDRILOWURGHFDUYmRDWLYR )LJ

■ 0RQWHDDEDLQFOLQDGDSUHVVLRQHDOLJHLUDPHQWHSDUDFLPDH

HPSXUUHD SDUD WUiV 2V UHEDL[RV GR IULVR GHFRUDWLYR GHYHP VHU

DOLQKDGRVSRUFLPDGRVSLQRVGHVHJXUDQoD )LJ

)LOWURGHFDUYmRDWLYRSDUDIXQFLRQDPHQWRFRP

UHFLUFXODomRGHDU

2VILOWURVGHFDUYmRDWLYRDJOXWLQDPDVVXEVWkQFLDVRGRUtIHUDVQR

IXQFLRQDPHQWRFRPUHFLUFXODomRGHDU&RPXWLOL]DomRQRUPDO

DSUR[KRUDSRUGLDVXEVWLWXDRILOWURGHFDUYmRDWLYR[SRU

DQR

1RWD 2V ILOWURV GH FDUYmR DWLYR QmR FRQWrP VXEVWkQFLDV QRFLYDV H

SRGHPVHUHOLPLQDGRVMXQWDPHQWHFRPROL[RGRPpVWLFR

6XEVWLWXLURILOWURGHFDUYmRDWLYR

 3UHVVLRQH D DED LQFOLQDGD OLJHLUDPHQWH SDUD FLPD H SX[HD SDUD

DIUHQWH

 'HVPRQWHRILOWURGHFDUYmRDWLYR

 ,QVLUDXPILOWURGHFDUYmRDWLYRQRYR )LJ

 0RQWHDDEDLQFOLQDGDSUHVVLRQHDOLJHLUDPHQWHSDUDFLPDH

HPSXUUHD SDUD WUiV 2V UHEDL[RV GR IULVR GHFRUDWLYR GHYHP VHU

DOLQKDGRVSRUFLPDGRVSLQRVGHVHJXUDQoD )LJ

 

,QVWUXFŘLXQLGHPRQWDM

: ,QVWUXFŘLXQLGHVLJXUDQŘćLPSRUWDQWH

&LWLŘLFXDWHQŘLHDFHVWHLQVWUXFŘLXQL1XPDLDVWIHOSXWHŘLXWLOL]D

DSDUDWXOFRUHFWüLvQVLJXUDQŘć3ćVWUDŘLLQVWUXFŘLXQLOHGHXWLOL]DUHüL

GH PRQWDM SHQWUX R FRQVXOWDUH XOWHULRDUć VDX SHQWUX HYHQWXDOL YLLWRUL

SURSULHWDUL

1XPDLODPRQWDMXOUHJXODPHQWDUFRUHVSXQ]ćWRULQVWUXFŘLXQLLGH

PRQWDMHVWHJDUDQWDWćVLJXUDQŘDODXWLOL]DUH,QVWDODWRUXOHVWH

UHVSRQVDELOSHQWUXIXQFŘLRQDUHDLUHSURüDELOćODORFXOGHLQVWDODUH

3HULFROGHUćQLUH

'DFćDSDUDWXOQXHVWHIL[DWFRUHVSXQ]ćWRUDFHVWDSRDWHFćGHD

7RDWHHOHPHQWHOHGHIL[DUHWUHEXLHPRQWDWHIHUPüLVLJXU

3HULFROGHHOHFWURFXWDUH

&RPSRQHQWHOHGLQLQWHULRUXODSDUDWXOXLSRWDYHDPXFKLLDVFXŘLWH

&DEOXOGHUDFRUGDUHVHSRDWHGHWHULRUD1XvQGRLŘLüLQXSULQGHŘL

FDEOXOGHUDFRUGDUHvQWLPSXOLQVWDOćULL

3HULFROGHUćQLUH

&RPSRQHQWHOHGLQLQWHULRUXODSDUDWXOXLSRWDYHDPXFKLLDVFXŘLWH

3XUWDŘLPćQXüLGHSURWHFŘLH

3HULFROGHVXIRFDUH

0DWHULDOXOGHDPEDODMHVWHSHULFXORVSHQWUXFRSLL1XOćVDŘL

QLFLRGDWćFRSLLLVćVHMRDFHFXPDWHULDOGHDPEDODM

,QVWDODUHD

$WHQŘLH

$VLJXUDŘLYć Fć vQ ]RQD vQ FDUH VH UHDOL]HD]ć JćXULOH QX VH JćVHVF

FDEOXULHOHFWULFHIXUWXQXULGHJD]VDXGHDSć

■ ÍQVHPQDŘLSR]LŘLLOHSHQWUXüXUXEXULüLFRQWXUXO]RQHLGH

VXVSHQGDUH

5HDOL]DŘLJćXULFXPPüLDGkQFLPHDJćXULLGHPPüL

DSćVDŘLGLEOXULOHSHSHUHWH ILJXUD

■ 6FRDWHŘLILOWUXOGHFDUERQDFWLYüLvQOćWXUDŘLIROLD ILJXUD

■ 3ULQGHŘLFXüXUXEXULPRGXOXOGHUHFLUFXODUHDDHUXOXLüLFRUQLHUXO

GHVXVŘLQHUHSHQWUXPDVFDGHFRüGHIXP ILJXUD

■ )L[DŘLIXUWXQXOFXFHOHGRXćFROLHUHSHQWUXŘHDYćSHPRGXOXOGH

UHFLUFXODUHDDHUXOXLüLSHüWXŘXOGHDHUDOKRWHL

)XUWXQXOWUHEXLHVćILHvQWLQVGDFćHVWHQHFHVDUVFXUWDŘLO

ILJXUD

■ $üH]DŘLDGDSWRUXOvQFOLQDWSHPDVFDGHFRüGHIXP ILJXUD

■ $üH]DŘLPDVFDFRüXOXLGHIXPSHDSDUDW

0RQWDŘLPDVFDLQWHULRDUćDFRüXOXLGHIXPFXFUHVWćWXULOHvQMRV

ILJXUD

■ )L[DŘLSDUWHDGHVXVDPćüWLLFRüXOXLGHIXPüLWUDJHŘLvQVXV

ILJXUD

■ ÍQGRLŘLVHSDUDWXüRUSOćFLOHODWHUDOHDOHPćüWLLFRüXOXLGHIXP

VXVSHQGDŘLOHvQVSDWHOHFRUQLHUXOXLGHVXVŘLQHUHüLVWUkQJHŘL

SkQćODFDSćW ILJXUD

■ )L[DŘLPDVFDGHFRüGHIXPFXüXUXEXUL ILJXUD

■ ,QWURGXFHŘLILOWUXOGHFćUEXQHDFWLY ILJXUD

■ $üH]DŘLSDQRXOXüRUvQFOLQDWDSćVDŘLXüRUSDUWHDVXSHULRDUćüL

vPSLQJHŘL vQ VSDWH 2ULILFLLOH GH SH SDQRX WUHEXLH Vć ILH vQ GUHSWXO

üXUXEXULORUGHIL[DUH ILJXUD

)LOWUXGHFDUERQDFWLYSHQWUXUHJLPXOFXDHU

UHFLUFXODW

)LOWUHOHGHFDUERQDFWLYFDSWHD]ćVXEVWDQŘHOHFXPLURVXULvQ

UHJLPXOFXDHUUHFLUFXODWÍQFD]XOXQHLXWLOL]ćULQRUPDOH

DSUR[LPDWLYRUćSH]LvQORFXLŘLILOWUXOGHFDUERQDFWLYRGDWćSH

DQ

,QGLFDŘLH )LOWUHOH GH FDUERQ DFWLY QX FRQŘLQ VXEVWDQŘH GćXQćWRDUH

üLSRWILHYDFXDWHvQJXQRLXOPHQDMHU

6FKLPEDUHDILOWUXOXLGHFDUERQDFWLY

 $SćVDŘLXüRUSDQRXOVXSHULRUüLWUDJHŘLVSUHvQDLQWH

 'HPRQWDŘLILOWUXOGHFDUERQDFWLY

 ,QWURGXFHŘLQRXOILOWUXGHFDUERQDFWLY ILJXUD

 $üH]DŘLSDQRXOXüRUvQFOLQDWDSćVDŘLXüRUSDUWHDVXSHULRDUćüL

vPSLQJHŘL vQ VSDWH 2ULILFLLOH GH SH SDQRX WUHEXLH Vć ILH vQ GUHSWXO

üXUXEXULORUGHIL[DUH ILJXUD

Ημπροςιυηώξνλνμρίες

: Αίεμϊδξοίαηκίρδτμηιηΰδζνξίπμνπρη

ΌηβζΪμίεφηθικθρβμΪγμίήΪηηθίκνδθάθήλμάθΘηθιθζθΰίμάΪζ

ηΪνρβμφλωικΪάβεφηθβΫίαθιΪληθιθεφαθάΪμφλωικβΫθκθζ

ΛθοκΪηωγμίκνδθάθήλμάθιθχδλιενΪμΪπββββηλμκνδπβψιθ

ζθημΪΰνήεωήΪεφηίγςίέθβλιθεφαθάΪηβωβεβήεωιίκίήΪρβ

ηθάθζνάεΪήίεφπν

΋ίαθιΪληθλμφχδλιενΪμΪπββέΪκΪημβκνίμλωμθεφδθικβ

δάΪεβξβπβκθάΪηηθγλΫθκδίλλθΫεψήίηβίζβηλμκνδπββιθ

ζθημΪΰνΑΪΫίανικίρηθλμφξνηδπβθηβκθάΪηβωθμάίμλμάίηηθλμφ

ηίλϋμζθημϋκ

Νξίπμνπρϋροίαληοναίμηώ

ΏλεβικβΫθκηίαΪξβδλβκθάΪηηΪήείΰΪσβζθΫκΪαθζθηζθΰίμ

νιΪλμφΌλίχείζίημυδκίιείηβωήθεΰηυΫυμφηΪήϋΰηθ

νλμΪηθάείηυ

Νξίπμνπρϋςγίοίρνινλ

ΗίδθμθκυίήίμΪεβάηνμκβικβΫθκΪβζίψμθλμκυίδκθζδβρμθ

ζθΰίμιθάκίήβμφλθίήβηβμίεφηυγικθάθήΙκθλείήβμίρμθΫυ

λθίήβηβμίεφηυγικθάθήηίαΪΰβζΪελωβηίιίκίέβΫΪελω

Νξίπμνπρϋροίαληοναίμηώ

ΗίδθμθκυίήίμΪεβάηνμκβικβΫθκΪβζίψμθλμκυίδκθζδβ

ΒλιθεφανγμίαΪσβμηυίιίκρΪμδβ

Νξίπμνπρϋςγςχϋώ

ΝιΪδθάθρηυγζΪμίκβΪεικίήλμΪάεωίμθιΪληθλμφήεωήίμίγ

ΗβδθέήΪηίιθαάθεωγμίήίμωζβέκΪμφλνιΪδθάθρηυζζΪμίκβΪεθζ

΢πρίμναιί

Αμηλίμηδ

ΝΫίήβμίλφρμθάζίλμίλάίκείηβωθμάίκλμβγθμλνμλμάνψμ

χείδμκβρίλδβίικθάθήΪέΪαθάυίβάθήθικθάθήηυίμκνΫυ

■ ΚΪαζίμφμίμθρδβκΪλιθεθΰίηβωάβημθάβδθημνκαθηυ

δκίιείηβω

Ικθλάίκεβμίθμάίκλμβω ζζέενΫβηΪζζβάλμΪάφμί

ήψΫίεφαΪιθήεβπθλθλμίηδθγ οηπ

■ ΒαάείδβμίξβεφμκλΪδμβάβκθάΪηηυζνέείζβληβζβμίξθεφέν

οηπ

■ ΑΪξβδλβκνγμίζθήνεφκίπβκδνεωπβββνέθεθδήεωδκίιείηβω

θΫςβάδβάυμωΰηθγμκνΫυλιθζθσφψάβημθά οηπ

■ ΑΪδκίιβμίςεΪηέηΪζθήνείκίπβκδνεωπβββάθαήνςηθζ

ιΪμκνΫδίάυμωΰδβλιθζθσφψήάνοοθζνμθά

΢εΪηέ ήθεΰίη Ϋυμφ ηΪμωηνμ ικβ ηίθΫοθήβζθλμβ νδθκθμβμί ίέθ

οηπ

■ ΝλμΪηθάβμίνέεθάθγΪήΪιμίκηΪάυμωΰηνψμκνΫν οηπ

■ ΝλμΪηθάβμίθΫςβάδνάυμωΰηθγμκνΫυηΪικβΫθκ

ΝλμΪηθάβμίάηνμκίηηψψλίδπβψθΫςβάδβάυμωΰηθγμκνΫυ

ικθκίαωζβάηβα οηπ

■ ΑΪξβδλβκνγμίάίκοηψψλίδπβψθΫςβάδβάυμωΰηθγμκνΫυβ

άυμωηβμίηΪάίκο οηπ

■ ΗίζηθέθθμθέηβμίΫθδθάυίιΪηίεβθΫςβάδβάυμωΰηθγμκνΫυ

ήκνέθμήκνέΪαΪπίιβμίαΪνέθεθδδκίιείηβωβλθΰζβμίήθ

νιθκΪ οηπ

■ ΑΪξβδλβκνγμίάβημΪζβθΫςβάδνάυμωΰηθγμκνΫυ οηπ

■ ΝλμΪηθάβμίξβεφμκλΪδμβάβκθάΪηηυζνέεϋζ οηπ

■ ΌλμΪάφμίεβπίάνψιΪηίεφιθήνέεθζλείέδΪικβιθήηβζβμίβ

αΪήάβηφμίηΪαΪήΙΪαυηΪεβπίάθγιΪηίεβήθεΰηυ

αΪσίεδηνμφλωηΪλμθιθκΪο οηπ

Σηκϋροπίιρηαηοναίμμϊλςβκϐλγκώοδεηλί

οδυηοιςκώυηηανζγςτί

Ξβεφμκ λ ΪδμβάβκθάΪηηυζ νέεϋζ αΪήίκΰβάΪίμ ηίικβωμηυί αΪιΪοβ

άκίΰβζίκίπβκδνεωπββάθαήνοΪΙκβηθκζΪεφηθγχδλιενΪμΪπββ

ίΰίήηίάηθικβζρΪλξβεφμκλΪδμβάβκθάΪηηυζνέεϋζ

αΪζίηωίμλωκΪαάέθή

΢ιίζίμηδ ΞβεφμκυλΪδμβάβκθάΪηηυζνέεϋζηίλθήίκΰΪμ

άκίήηυοάίσίλμάβζθένμνμβεβαβκθάΪμφλωλΫυμθάυζζνλθκθζ

Ζίλδμηρδσηκϋροπίιρηαηοναίμμϊλςβκϐλ

 ΛείέδΪικβιθήηβζβμίεβπίάνψιΪηίεφβιθμωηβμίάιίκϋή

 ΛηβζβμίξβεφμκλΪδμβάβκθάΪηηυζνέεϋζ

 ΌλμΪάφμίηθάυγξβεφμκλΪδμβάβκθάΪηηυζνέεϋζ οηπ

 ΌλμΪάφμίεβπίάνψιΪηίεφιθήνέεθζλείέδΪικβιθήηβζβμίβ

αΪήάβηφμί ηΪαΪή ΙΪαυ ηΪ εβπίάθγ ιΪηίεβ ήθεΰηυ αΪσίεδηνμφλω

ηΪλμθιθκΪο οηπ

 

0RQWiçQ\QiYRG

: '{OHçLWpEH]SHĀQRVWQpSRN\Q\

7HQWRQiYRGVLVWDURVWOLYRSUHĀtWDMWH/HQSRWRPP{çHWHVSRWUHELĀ

REVOXKRYDŚEH]SHĀQHD VSUiYQH1iYRGQDSRXçtYDQLH

D PRQWiçQ\QiYRGVLRGORçWHQDQHVNRUåLHSRXçLWLHDOHERSUH

QDVOHGXM~FHKRYODVWQtNDVSRWUHELĀD

/HQSULRGERUQHMPRQWiçL]RGSRYHGDM~FHMWRPXWRPRQWiçQHPX

QiYRGXMH]DUXĀHQiEH]SHĀQRVŚSULSRXçtYDQt,QåWDODWpUMH

]RGSRYHGQì]DEH]FK\EQpIXQJRYDQLHQDPLHVWHLQåWDOiFLH

1HEH]SHĀHQVWYRSRUDQHQLD

.HďVSRWUHELĀQLHMHULDGQHXSHYQHQìP{çHVSDGQ~Ś9åHWN\

XSHYŃRYDFLHSUYN\PXVLDE\ŚSHYQHD EH]SHĀQHQDPRQWRYDQp

1HEH]SHĀHQVWYR~UD]XHOHNWULFNìPSU~GRP

6~ĀLDVWN\YRYQ~WULVSRWUHELĀDP{çXPDŚRVWUpKUDQ\3ULSiMDFt

NiEHO VD P{çH SRåNRGLŚ 3ULSiMDFt NiEHO SRĀDV LQåWDOiFLH QH]ORPWH

DOHERQH]DFYLNQLWH

1HEH]SHĀHQVWYRSRUDQHQLD

6~ĀLDVWN\YRYQ~WULVSRWUHELĀDP{çXPDŚRVWUpKUDQ\3RXçtYDMWH

RFKUDQQpUXNDYLFH

1HEH]SHĀHQVWYRXGXVHQLD

2EDORYìPDWHULiOSUHGVWDYXMHQHEH]SHĀHQVWYRSUHGHWL1LNG\

QHQHFKDMWHGHWLKUDŚVDV REDORYìPPDWHULiORP

,QåWDOiFLD

3R]RU

8LVWLWHVDçHVDY REODVWLYŎWDQìFKRWYRURYQHQDFKiG]DM~çLDGQH

HOHNWULFNpYHGHQLDSO\QRYpDOHERYRGRYRGQpSRWUXELD

■ 9\]QDĀWHVLXPLHVWQHQLHVNUXWLHND REU\VREODVWL]iYHVRY

9\YŎWDMWHRWYRU\V  PPD KķENRX PPD YWODĀWHGRQLFK

UR]SHUN\WDNDE\OtFRYDOLVRVWHQRX REUi]RN

■ 9\EHUWHDNWtYQ\XKOtNRYìILOWHUD RGVWUiŃWHIyOLX REUi]RN

■ 3ULVNUXWNXMWHPRGXOQDFLUNXOiFLXD SULGUçLDYDFtXKROQtNSUH

NRPtQRYpREORçHQLH REUi]RN

■ +DGLFXSULSHYQLWHGYRPLVSRQDPLN PRGXOXQDFLUNXOiFLX

D N KUGOXQDRGYRGY]GXFKXRGViYDĀDSiU

+DGLFDPXVtE\ŚQDSQXWiY SUtSDGHSRWUHE\MXVNUiŚWH

REUi]RN

■ 1DVDďWHåLNPìDGDSWpUQDNRPtQRYpREORçHQLH REUi]RN

■ .RPtQRYpREORçHQLHQDVDďWHQDVSRWUHELĀ

9Q~WRUQpNRPtQRYpREORçHQLHQDPRQWXMWHYìUH]PLQDGRO

REUi]RN

■ 3ULGUçWHKRUQpNRPtQRYpREORçHQLHD Y\WLDKQLWHKRQDKRU

REUi]RN

■ %RĀQpSOHFK\NRPtQRYpKRREORçHQLDPLHUQHRKQLWHRGVHED

]DYHVWHQDSULGUçLDYDFtXKROQtND SULWODĀWHN VHEHDçQDGRUD]

REUi]RN

■ 3ULVNUXWNXMWHNRPtQRYpREORçHQLH REUi]RN

■ 9ORçWHDNWtYQ\XKOtNRYìILOWHU REUi]RN

■ 1DVDďWHåLNPRSDQHO]DWODĀWHKRPLHUQHQDKRUD ]DVXŃWH

GR]DGX9\EUDQLHY SDQHOLVDSULWRPPXVtYLHVŚQDG

]DLVŚRYDFtPLĀDSPL REUi]RN

$NWtYQ\XKOtNRYìILOWHUSUHFLUNXODĀQ~SUHYiG]NX

$NWtYQH XKOtNRYp ILOWUH YLDçX SDFKRYp OiWN\ Y FLUNXODĀQHM SUHYiG]NH

$NWtYQ\XKOtNRYìILOWHUY\PHŃWHSULQRUPiOQHMSUHYiG]NHGHQQH

SULEOLçQHKRGLQX[URĀQH

8SR]RUQHQLH $NWtYQHXKOtNRYpILOWUHQHREVDKXM~åNRGOLYpOiWN\

SUHWRVDP{çXOLNYLGRYDŚVSROXV GRPiFLPRGSDGRP

9ìPHQDDNWtYQHKRXKOtNRYpKRILOWUD

 3DQHO]DWODĀWHPLHUQHQDKRUD Y\WLDKQLWHKRGRSUHGX

 'HPRQWXMWHDNWtYQ\XKOtNRYìILOWHU

 9ORçWHQRYìDNWtYQ\XKOtNRYìILOWHU REUi]RN

 1DVDďWHåLNPRSDQHO]DWODĀWHKRPLHUQHQDKRUD ]DVXŃWH

GR]DGX 9\EUDQLH Y SDQHOL VD SULWRP PXVt YLHVŚ QDG ]DLVŚRYDFtPL

ĀDSPL REUi]RN

1DYRGLOD]DPRQWDçR

: 3RPHPEQDYDUQRVWQDQDYRGLOD

3D]OMLYRSUHEHULWHWDXYRGäHOHSRWHPODKNRDSDUDWXSRUDEOMDWH

YDUQRLQSUDYLOQR1DYRGLOD]DXSRUDERLQYJUDGQMRVKUDQLWH]D

NDVQHMåRXSRUDERDOL]DQDVOHGQMHJDODVWQLND

9DUQRVWPHGXSRUDERMH]DJRWRYOMHQDOHYSULPHUXVWURNRYQH

PRQWDçHYVNODGX]QDYRGLOL]DPRQWDçR=DEUH]KLEQRGHORYDQMH

QDPHVWXSRVWDYLWYHMHRGJRYRUHQLQåWDODWHU

1HYDUQRVWSRåNRGE

ÿHQDSUDYDQLSUDYLOQRSULWUMHQDODKNRRGSDGH9VLSULWUGLOQL

HOHPHQWLPRUDMRELWLILNVQLLQYDUQRPRQWLUDQL

1HYDUQRVWXGDUDHOHNWULĀQHJDWRND

*UDGEHQLGHOL]QRWUDMQDSUDYHODKNRLPDMRRVWUHURERYH

3ULNOMXĀLWYHQLNDEHOVHODKNRSRåNRGXMH0HGQDPHVWLWYLMR

SULNOMXĀLWYHQHJDVWDYNDQHSUHSRJLEDMWHDOLXNOHåĀLWH

1HYDUQRVWSRåNRGE

*UDGEHQLGHOL]QRWUDMQDSUDYHODKNRLPDMRRVWUHURERYH1DGHQLWH

VL]DåĀLWQHURNDYLFH

1HYDUQRVW]DGXåLWYH

(PEDODçQLPDWHULDOMHODKNRQHYDUHQ]DRWURNH1HGRYROLWH

RWURNRPGDVHLJUDMR]HPEDODçQLPPDWHULDORP

1DPHVWLWHY

3R]RU

=DJRWRYLWHGDYSUHGHOXL]YUWLQQLHOHNWULĀQLKSOLQVNLKDOLYRGQLK

QDSHOMDY

■ 2]QDĀLWHSRORçDMH]DYLMDNHLQREULVSUHGHODREHåDQMD

,]YUWDMWHL]YUWLQH PPLQJORELQH PPWHUYVWDYLWH]LGQH

YORçNHWDNRGDERGRSRYVHPSRUDYQDQLVVWHQR VOLND

■ 9]HPLWHILOWHU]DNWLYQLPRJOMHPYHQLQRGVWUDQLWHIROLMR VOLND

■ 3ULYLMWH PRGXO ]D UHFLUNXODFLMR ]UDND LQ SULWUGLOQH NRWQLNH ]D RNURY

MDåND VOLND

■ &HYVFHYQLPDVSRMNDPDSULWUGLWHQDPRGXO]DUHFLUNXODFLMR

]UDNDLQQDVWDYHN]D]UDĀQRFHYQDQDSL

&HYPRUDELWLQDSHWD]DWRMRSRSRWUHELVNUDMåDMWH VOLND

■ 1DPHVWLWHSRåHYQLDGDSWHUQDRNURYMDåND VOLND

■ 1DPHVWLWHRNURYMDåNDQDDSDUDW

1RWUDQMLRNURYMDåNDQDPHVWLWHWDNRGDERGRUHçHREUQMHQH

QDY]GRO VOLND

■ 'UçLWH]JRUQMLRNURYMDåNDLQJDSRWHJQLWHQDY]JRU VOLND

■ 6WUDQVNLSORĀHYLQLRNURYDMDåNDSRYOHFLWHQHNROLNRQDUD]HQMX

REHVLWH]DSULWUGLOQLNRWQLNLQVWLVQLWHVNXSDMGRSULVORQD VOLND

■ 3ULYLMWHRNURYMDåND VOLND

■ 1DPHVWLWHILOWHU]DNWLYQLPRJOMHP VOLND

■ ÿHOQRSORåĀRQDPHVWLWHSRĀH]MRUDKORSULWLVQLWHQDY]JRULQ

SRWLVQLWH QD]DM 8WRUD QD ĀHOQL SORåĀL MH WUHED SUL WHP QDPHVWLWL QD

YDURYDOQH]DWLĀH VOLND

)LOWHU]DNWLYQLPRJOMHP]DREWRĀQRGHORYDQMH

)LOWUL]DNWLYQLPRJOMHPPHGREWRĀQLPGHORYDQMHPQDVHYHçHMR

YRQM3ULQRUPDOQLXSRUDELSULEOXUDGQHYQRILOWHU]DNWLYQLP

RJOMHP]DPHQMDMWHHQNUDWOHWQR

2SRPED )LOWUL]DNWLYQLPRJOMHPQHYVHEXMHMRåNRGOMLYLKVQRYL

]DWRMLKODKNRRGYUçHWHPHGQDYDGQHRGSDGNH

0HQMDYDILOWUD]DNWLYQLPRJOMHP

 ÿHOQRSORåĀRUDKORSRWLVQLWHQDY]JRULQMRL]YOHFLWHQDSUHM

 2GVWUDQLWHILOWHU]DNWLYQLPRJOMHP

 9VWDYLWHQRYILOWHU]DNWLYQLPRJOMHP VOLND

 ÿHOQRSORåĀRQDPHVWLWHSRĀH]MRUDKORSULWLVQLWHQDY]JRULQ

SRWLVQLWH QD]DM 8WRUD QD ĀHOQL SORåĀL MH WUHED SUL WHP QDPHVWLWL QD

YDURYDOQH]DWLĀH VOLND

 

8GKs]LPSsUPRQWLP

: 8GKs]LPHWsUsQGsVLVKPHVLJXULH

/H[RMHQLPHNXMGHVNsWsXGKs]LP9HWsPNsVKWXPXQGTsPH

DSDUDWLQWXDMWsVKsUEHKHQLQsPsQ\UsWsVLJXUWGKHWsGUHMW

8GKs]LPLQSsUSsUGRULPGKHPRQWLPHUXDQLSsUSsUGRULPWs

PsYRQVKsPRVHSsUSURQDULQHDUGKVKsP

9HWsPSsUPHVQMsPRQWLPLWsVSHFLDOL]XDUGKHQsSsUSXWKMHPH

XGKs]XHVLQHPRQWLPLWPXQGWsVLJXURKHWQMsSsUGRULPLVLJXUW

,QVWDOXHVLPEDQSsUJMHJMsVLSsUIXQNVLRQLPLQHSDWsPHWsWs

SDMLVMHVQsYHQGLQHLQVWDOLPLW

5UH]LNSODJRVMHMH

1sVH SDMLVMD QXN sVKWs VKWUsQJXDU VLo GXKHW PXQG Ws EMHUs *MLWKs

HOHPHQWHWHVKWUsQJLPLWGXKHWWsPRQWRKHQIRUWGKHQsPsQ\UsWs

VLJXUW

5UH]LNQJDJRGLWMDHUU\PsV

3MHVsWEUHQGDSDMLVMHVPXQGWsMHQsPHTRVKHWsPSUHKWD.DEOOL

OLGKsVPXQGWsGsPWRKHW0RVHSsUNXOQLGKHPRVVKNHOQLNDEOOLQ

OLGKsVJMDWsLQVWDOLPLW

5UH]LNSODJRVMHMH

3MHVsWEUHQGDSDMLVMHVPXQGWsMHQsPHTRVKHWsPSUHKWD0EDQL

GRUDVKNDPEURMWsVH

5UH]LNDVILNVLPL

0DWHULDOLDPEDOD]KXHVsVKWsLUUH]LNVKsPSsUIsPLMsW0RVLOLQL

DVQMsKHUsIsPLMsWWsOXDMQsPHPDWHULDOHWDPEDOD]KXHV

,QVWDOLPL

.XMGHV

6LJXURKXQL Ts Qs SMHVsQ H ELUDYH Ws PRV NHWs NDEOOR HOHNWULNs WXED

JD]LRVHXML

■ 6KsQRQL SR]LFLRQHW H YLGDYH GKH NRQWXULQ H ]RQsV NX GR Ws YDUQL

SDMLVMHQ

6KSRQLYULPDPHPPGKHWKHOOsVLVKSLPLPPGKH

YHQGRVQLXSDWQsPXU )LJXUD

■ 1[LUUQLILOWULQDNWLYWsNDUERQLWGKHKLTQLTHVHQ )LJXUD

■ 9LGKRVQLPRGXOLQHTDUNXOOLPLWWsDMULWGKHNOODSDWPEDMWsVHSsU

YHVKMHQHR[KDNXW )LJXUD

■ 6KWUsQJRMHQL]RUUsQPHG\NDSsVHWXEDVKQsPRGXOLQH

TDUNXOOLPLWWsDMULWGKHWHNJXDUQLFLRQLLDMULWQsDVSLUDWRU

=RUUDGXKHWWsMHWsHQJMHVKXUVKNXUWRMHQLVLSDVQHYRMsV

)LJXUD

■ 9HQGRVQLDGDSWXHVLWHSMHUUsWWHNYHVKMDHR[KDNXW )LJXUD

■ 9HQGRVQLYHVKMHQHR[KDNXWQsSDMLVMH

0RQWRQLSRVKWsYHVKMHQHEUHQGVKPHWsR[KDNXWPHVKLQDW

)LJXUD

■ 0EDMLQLIRUWGKHWsUKLTQLVLSsUYHVKMHQHVLSsUPHWsR[KDNXW

)LJXUD

■ 3OODNDWDQsVRUHWsYHVKMHVVsR[KDNXWDQRMLQLOHKWsYDULQLSDV

NsQGLWPEDMWsVWsR[KDNXWGKHPEsUWKHMLQLGHULVDWsGsJMRQL

NsUFLWMHQ )LJXUD

■ )LNVRQLYHVKMHQHR[KDNXW )LJXUD

■ 9HQGRVQLILOWULQDNWLYWsNDUERQLW )LJXUD

■ 9HQGRVHQL SMHUUsW HNUDQLQ VKW\SHQL OHKWs VLSsU GKH VKW\MHQL SDV

%LUDW Qs GLVN GXKHW Ws YHQGRVHW PEL EXORQDW H VLJXULVs )LJXUD

)LOWULLNDUERQLWDNWLYSsUSURFHVLQHTDUNXOOLPLWWs

DMULW

)LOWUDW H NDUERQLW DNWLY IRUPRMQs VXEVWDQFD DURPDWLNH Qs SURFHVLQ H

TDUNXOOLPLWWsDMULW1GsUURMHQLILOWULQHNDUERQLWDNWLYJMDWsSURFHVLW

QRUPDOoGRGLWsUUHWKRUs[QsYLW

8GKs]LP )LOWUDWHNDUERQLWDNWLYQXNSsUPEDMQsVXEVWDQFDWs

GsPVKPHGKHPXQGWsKLGKHQQsSOHKUDWHVKWsSLVs

1GsUURQLILOWULQHNDUERQLWDNWLY

 3UHNQLOHKWsHNUDQLQVLSsUGKHWsUKLTHQLSDUD

 dPRQWRQLILOWULQDNWLYWsNDUERQLW

 9HQGRVQLILOWULQHULDNWLYWsNDUERQLW )LJXUD

 9HQGRVHQL SMHUUsW HNUDQLQ VKW\SHQL OHKWs VLSsU GKH VKW\MHQL SDV

%LUDW Qs GLVN GXKHW Ws YHQGRVHW PEL EXORQDW H VLJXULVs )LJXUD

8SXWVWYRRSRVWDYOMDQMX

: 9DçQHQDSRPHQH]DVLJXUQRVW

3DçOMLYRSURĀLWDMWHRYRXSXWVWYR-HGLQRWDNRPRçHWHVLJXUQRL

SUDYLOQRGDUXNXMHWH9DåLPXUHđDMHP6DĀXYDMWHXSXWVWYR]D

XSRWUHEXLPRQWDçX]DQHNXNDVQLMXXSRWUHEXLOL]DVOHGHþHJ

YODVQLND

6DPRXVOXĀDMXVWUXĀQHXJUDGQMHXVNODGXVDXSXWVWYRP]D

PRQWDçX]DJDUDQWRYDQDMHVLJXUQRVWSULOLNRPXSRWUHEH,QVWDODWHU

MHRGJRYRUDQ]DSUDYLOQRIXQNFLRQLVDQMHQDPHVWXSRVWDYNH

2SDVQRVWRGSRYUHGH

$NRXUHđDMQLMHSUDYLOQRSULĀYUåþHQPRçHGDSDGQH6YLHOHPHQWL

]DSULĀYUåþLYDQMHPRUDMXGDEXGXĀYUVWRLVLJXUQRPRQWLUDQL

2SDVQRVWRGVWUXMQRJXGDUD

.RPSRQHQWHXQXWDUXUHđDMDPRJXGDLPDMXRåWUHLYLFH3ULNOMXĀQL

NDEOPRçHGDVHRåWHWL7RNRPLQVWDODFLMHQHPRMWHGDVDYLMHWHLOL

SULNOMHåWLWHSULNOMXĀQLNDEO

2SDVQRVWRGSRYUHGH

.RPSRQHQWHXQXWDUXUHđDMDPRJXGDLPDMXRåWUHLYLFH1RVLWH

]DåWLWQHUXNDYLFH

2SDVQRVWRGJXåHQMD

$PEDODçQL PDWHULMDO MH RSDVDQ ]D GHFX 'HFL QLNDGD QH GDMWH GD VH

LJUDMXVDDPEDODçQLPPDWHULMDORP

,QVWDODFLMD

2SUH]

8YHULWHVHGDVHX]RQLRWYRUDQHQDOD]HVWUXMQLNDEORYLFHYL]D

JDVLOLYRGX

■ 1DFUWDMWHSR]LFLMH]D]DYUWQMHLNRQWXUX]RQH]DNDĀHQMH

,]EXåLWHUXSHSUHĀQLND PPLGXELQH PPLXWLVQLWHWLSORYH

UDYQRVD]LGRP VOLND

■ ,]YDGLWHILOWHUVDDNWLYQLPXJOMHPLVNLQLWHIROLMX VOLND

■ 0RGXO]DNUXçHQMHYD]GXKDLXJDRQLQRVDĀ]DYUQLWHQDREORJX

NDPLQD VOLND

■ 3ULĀYUVWLWHFUHYRSRPRþXGYHåHOQHQDPRGXO]DNUXçHQMH

YD]GXKDLQDGRYRGYD]GXKD

&UHYRPRUDGDEXGH]DWHJQXWRSRSRWUHELJDVNUDWLWH VOLND

■ 3RVWDYLWH]DNRåHQLDGDSWHUQDREORJXNDPLQD VOLND

■ 3RVWDYLWHREORJXNDPLQDQDXUHđDM

8QXWUDåQMXREORJXNDPLQDPRQWLUDMWHVDL]UH]LPDQDGROH

VOLND

■ ÿYUVWR XKYDWLWH JRUQMX REORJX NDPLQD L SRYXFLWH QDJRUH VOLND

■ %RĀQLOLPREORJHNDPLQDPDORL]RNUHQLWH]DNDĀLWHL]DXJDRQRJ

QRVDĀDLSULWLVQLWH]DMHGQRGRJUDQLĀQLND VOLND

■ 3ULWHJQLWHREORJXNDPLQD VOLND

■ 3RVWDYLWHILOWHUVDDNWLYQLPXJOMHP VOLND

■ 6WDYLWHGLMDIUDJPXSRGXJORPODJDQRSULWLVQLWHQDJRUHLJXUQLWH

XQD]DG.DQDOLQDGLMDIUDJPLPRUDMXGDVHVSURYHGXSUHNR

VLJXUQRVQLK]DYUWDQMD VOLND

)LOWHUVDDNWLYQLPXJOMHP]DUHçLPNUXçHQMD

YD]GXKD

)LOWHUVDDNWLYQLPXJOMHPVSUHĀDYDQHSULMDWQHPLULVHXUHçLPX

NUXçHQMDYD]GXKD)LOWHUVDDNWLYQLPXJOMHPWUHEDSURPHQLWL

MHGQRPJRGLåQMHSULQRUPDOQRMXSRWUHELSULEOLçQRVDWGQHYQR

1DSRPHQD )LOWHUVDDNWLYQLPXJOMHPQHVDGUçLQLNDNYHåWHWQH

PDWHULMHLPRçHGDVHRGODçH]DMHGQRVDNXþQLPRWSDGRP

=DPHQDILOWHUDVDDNWLYQLPXJOMHP

 'LMDIUDJPXODJDQRSULWLVQLWHQDJRUHLSRYXFLWHNDQDSUHG

 'HPRQWLUDMWHILOWHUVDDNWLYQLPXJOMHP

 3RVWDYLWHQRYLILOWHUVDDNWLYQLPXJOMHP VOLND

 6WDYLWHGLMDIUDJPXSRGXJORPODJDQRSULWLVQLWHQDJRUHLJXUQLWH

XQD]DG.DQDOLQDGLMDIUDJPLPRUDMXGDVHVSURYHGXSUHNR

VLJXUQRVQLK]DYUWDQMD VOLND

 

0RQWHULQJVDQYLVQLQJ

: 9LNWLJDVlNHUKHWVDQYLVQLQJDU

/lV EUXNVDQYLVQLQJHQ QRJJUDQW 'HW lU YLNWLJW I|U DWW GX VND NXQQD

DQYlQGDHQKHWHQVlNHUWRFKSnUlWWVlWW6SDUDEUXNVRFK

PRQWHULQJVDQYLVQLQJHQI|UIUDPWLGDEUXNRFKHYHQWXHOOD

NRPPDQGHlJDUH

(QVlNHUDQYlQGQLQJNDQEDUDJDUDQWHUDVRPVSLVIOlNWHQ

PRQWHUDVSnIDFNPlVVLJWVlWWRFKLHQOLJKHWPHG

PRQWHULQJVDQYLVQLQJHQ ,QVWDOODW|UHQ DQVYDUDU I|U HQ IHOIUL IXQNWLRQ

SnSODWVHQ

6NDGHULVN

2P HQKHWHQ LQWH lU RUGHQWOLJW IlVW Sn YlJJHQ Vn NDQ GHQ IDOOD QHG

$OODIlVWNRPSRQHQWHUPnVWHPRQWHUDVVWDGLJWRFKVlNHUW

5LVNI|UHOVW|WDU

'HWILQQVNRPSRQHQWHULQXWLHQKHWHQVRPKDUYDVVDNDQWHU

$QVOXWQLQJVNDEHOQNDQVNDGDV$QVOXWQLQJVNDEHOQInULQWHYLNDV

HOOHUNOlPPDVYLGLQVWDOODWLRQHQ

6NDGHULVN

(QGHONRPSRQHQWHULQXWLHQKHWHQKDUYDVVDNDQWHU%lUDOOWLG

VN\GGVKDQGVNDU

.YlYQLQJVULVN

)|USDFNQLQJVPDWHULDOlUIDUOLJWI|UEDUQ/nWDOGULJEDUQOHNDPHG

I|USDFNQLQJVPDWHULDOHW

,QVWDOODWLRQ

2EV

6HWLOODWWGHWLQWHILQQVQnJUDHOOHGQLQJDUJDVHOOHUYDWWHQU|ULGHW

RPUnGHGlUGXWlQNHUERUUD

■ 0DUNHUDERUUKnOHQI|UVNUXYDUQDRFKRPUnGHWGlUIOlNWHQVND

KlQJDSnYlJJHQ

%RUUD  PP GMXSD   PPKnO RFK WU\FN L SOXJJ Vn DWW GH OLJJHU

MlPVPHGYlJJHQ ELOG

■ 7DXUGHWDNWLYDNROILOWUHWRFKWDERUWIROLHQ ELOG

■ 6NUXYDIDVWFLUNXODWLRQVOXIWPRGXOHQRFKIlVWYLQNODUQDWLOO

IOlNWNnSDQ ELOG

■ )lVWVODQJHQPHGVODQJNOlPPRULFLUNXODWLRQVOXIWPRGXORFK

IOlNWNnSDQVOXIWDQVOXWQLQJ

6ODQJHQVNDYDUDVWUlFNWNRUWDRPGHWEHK|YV ELOG

■ 6lWWWDNIDOOVDGDSWHUQSnIOlNWNnSDQ ELOG

■ 6lWWSnIOlNWNnSDQSnHQKHWHQ

0RQWHUDLQQHUNnSDQPHGVOLWVDUQDQHGnW ELOG

■ +nOOIDVW|YUHIOlNWNnSDQRFKGUDXSSnW ELOG

■ %|MLVlUIOlNWNnSDQVVLGRSOnWDUOLWHKDNDLEDNRPIlVWYLQNODUQD

RFKWU\FNLKRSWLOOVGHWWDUHPRW ELOG

■ 6NUXYDIDVWIOlNWNnSDQ ELOG

■ 6lWWLDNWLYWNROILOWHU ELOG

■ 6lWWLSDQHOHQVQHWWRFKWU\FNXSSnWRFKEDNnWQnJRW8UWDJHQL

SDQHOHQVNDJn|YHUOnVVNUXYDUQD ELOG

$NWLYWNROILOWHUI|UFLUNXODWLRQVGULIW

'HWDNWLYDNROILOWUHWELQGHURVHWYLGFLUNXODWLRQVGULIW%\WDNWLYW

NROILOWHUJJQRPnUHWYLGQRUPDODQYlQGQLQJFDKYDUMHGDJ

$QYLVQLQJ $NWLYD NROILOWHU LQQHKnOOHU LQJD VNDGOLJD lPQHQ RFK JnU

DWWVOlQJDLKXVKnOOVVRSRUQD

%\WDGHWDNWLYDNROILOWUHW

 7U\FNXSSSDQHOHQOLWHRFKGUDIUDPnW

 7DXUGHWDNWLYDNROILOWUHW

 6lWWLQ\WWDNWLYWNROILOWHU ELOG

 6lWWLSDQHOHQVQHWWRFKWU\FNXSSnWRFKEDNnWQnJRW8UWDJHQL

SDQHOHQVNDJn|YHUOnVVNUXYDUQD ELOG

0RQWDMN×ODYX]X

: gQHPOLJYHQOLNX\DU×ODU×

%XN×ODYX]XGLNNDWOLFHRNX\XQX]$QFDNEXüHNLOGHFLKD]×JYHQOL

YHGRùUXELUELoLPGHNXOODQPDQ×]PPNQRODFDNW×U'DKDVRQUD

NXOODQ×OPDN]HUHYH\DEDüNDELULVLQLQNXOODQ×P×LoLQNXOODQ×PYH

PRQWDMN×ODYX]XQXPXKDID]DHGLQL]

6DGHFHPRQWDMN×ODYX]XQDJ|UH\DS×OP×üX]PDQFDELUNXUPD

VD\HVLQGHNXOODQ×PJYHQOLùLJDUDQWLHGLOPLüROXU<HUOHüLP

\HULQGHVRUXQVX]oDO×üPDGDQWHVLVDWo×VRUXPOXGXU

<DUDODQPDWHKOLNHVL

&LKD]JHUHNWLùLJLELVDELWOHQPHPLüVHGüHELOLU7PVDELWOHPH

HOHPDQODU×V×N×OP×üYHJYHQOLELUüHNLOGHPRQWHHGLOPLüROPDO×G×U

(OHNWULNoDUSPDWHKOLNHVL

&LKD]LoLQGHNLSDUoDODUNHVNLQNHQDUO×RODELOLU%DùODQW×NDEORVX

KDVDUJ|UHELOLU%DùODQW×NDEORVXQXNXUPDLüOHPLHVQDV×QGD

NDWODPD\×Q×]YH\DV×N×üW×UPD\×Q×]

<DUDODQPDWHKOLNHVL

&LKD]LoLQGHNLSDUoDODUNHVNLQNHQDUO×RODELOLU.RUX\XFXHOGLYHQOHU

NXOODQ×Q×]

%RùXOPDWHKOLNHVL

$PEDODMPDO]HPHOHULoRFXNODULoLQWHKOLNHOLGLUdRFXNODU×QDPEDODM

PDO]HPHOHULLOHR\QDPDODU×QDNHVLQOLNOHL]LQYHUPH\LQL]

.XUXOXP

'LNNDW

'HOLNOHULQHWUDI×QGDHOHNWULNKDWODU×Q×QJD]YH\DVXERUXODU×Q×Q

ROPDG×ù×QGDQHPLQROXQX]

■ &×YDWDODU×QSR]LV\RQODU×Q×YHFLKD]×DVPDDODQ×Q×QNHQDUODU×Q×

oL]LQL]

 PP oDS×QGD YH  PP GHULQOLùLQGH GHOLNOHU Do×Q×] YH GEHOOHUL

GXYDUODKL]DOD\DUDNEDVW×U×Q×] 5HVLP

■ $NWLIN|PUILOWUHVLo×NDU×OPDO×YHIRO\RNDOG×U×OPDO×G×U 5HVLP

■ +DYDODQG×UPDPRGOYHEDFDNDSODPDV×WXWWXUPDN|üHEHQGLQL

YLGDOD\×Q×] 5HVLP

■ +RUWXPLNLERUXEUDNHWLLOHKDYDODQG×UPDPRGO]HULQGHYH

GDYOXPED]IDQNDGHPHOHUL]HULQHVDELWOHQPHOLGLU

+RUWXPJHUJLQROPDO×G×UJHUHNLUVHN×VDOW×OPDO×G×U 5HVLP

■ (ùLPDGDSW|UQDOWEDFDNDSODPDV×]HULQH\HUOHüWLULQL]

5HVLP

■ %DFDNDSODPDV×Q×FLKD]]HULQH\HUOHüWLULQL]

Įo EDFD NDSODPDV×Q× \DU×NODU× DüDù× JHOHFHN üHNLOGH PRQWH HGLQL]

5HVLP

■ hVWEDFDNDSODPDV×Q×V×N×FDWXWXQX]YH\XNDU×GRùUXoHNLQL]

5HVLP

■ %DFDNDSODPDV×Q×QVDFODU×Q×KDILIoHELUELULQGHQX]DùDGRùUX

ENQ]WXWWXUPDN|üHEHQGLQLQDUNDV×QDDV×Q×]YHGD\DQDN

QRNWDV×QDNDGDUELUELULQHEDVW×U×Q×] 5HVLP

■ %DFDNDSODPDV×Q×YLGDOD\×Q×] 5HVLP

■ $NWLINDUERQILOWUHVLQL\HUOHüWLULQL] 5HVLP

■ .DSODPDHQLQHRWXUPDO×KDILIoH\XNDU×EDVW×U×OPDO×YHDüDù×

LWLOPHOLGLU.DSODPD]HULQGHNLERüOXNODU×Q]HULQGHQHPQL\HW

SLPLLOHJHoLOPHOLGLU 5HVLP

+DYDVLUNODV\RQXPRGXLoLQDNWLINDUERQILOWUHVL

$NWLINDUERQILOWUHVLKDYDVLUNODV\RQXPRGXQGDNLNRNX

SDUoDF×NODU×Q×EDùODU$NWLINDUERQILOWUHVLQLQRUPDOLüOHWLPGH\×OGD

JQON\DNODü×NVDDW[DUDO×NODUODGHùLüWLULQL]

%LOJL $NWLINDUERQILOWUHVL]DUDUO×PDGGHOHULoHUPH]YHHYVHO

DW×NODUODELUOLNWHLPKDHGLOHELOLU

$NWLINDUERQILOWUHVLQLQGHùLüWLULOPHVL

 .DSODPD\×KDILIoH\XNDU×EDVW×U×Q×]YH|QHGRùUXoHNLQL]

 $NWLINDUERQILOWUHVLQLV|NQ]

 <HQLDNWLINDUERQILOWUHVLQL\HUOHüWLULQL] 5HVLP

 .DSODPDHQLQHRWXUPDO×KDILIoH\XNDU×EDVW×U×OPDO×YHDüDù×

LWLOPHOLGLU.DSODPD]HULQGHNLERüOXNODU×Q]HULQGHQHPQL\HW

SLPLLOHJHoLOPHOLGLU 5HVLP

Bosch DWZ0AX5C0(00) CleanAir Recirculation Kit

Product's Documents

User Manual

Specifications

Bosch DWZ0AX5C0(00) Questions and Answers