Loading ...
Loading ...
Loading ...
fi
Ý
$VHQQXVRKMH
5LVWLNRLGHQLUURWXVMDDVHQQXV
: 3DORYDPPDQYDDUD
5LVWLNRW NXXPHQHYDW K\YLQ NXXPLNVL bOl NRVNHWD NXXPLD ULVWLNRLWD
$QQDODLWWHHQMllKW\lDLQD3LGlODSVHWSRLVVDODLWWHHQOlKHOWl
5LVWLNRLGHQLUURWXV
1RVWDULVWLNNRDKLXNDQHGHVWl ‚MDLUURWD ƒNXYD !
9HGlVHQMlONHHQNRNRULVWLNNRDHWHHQSlLQMDRWDVHSRLVNXYD
"
5LVWLNRLGHQDVHQQXV
5LVWLNNRVRSLLYDLQRLNHDOOHWDLYDVHPPDOOH.LVNRWSLWllVDDGD
YHGHWW\lHWHHQSlLQXORV
$VHWDULVWLNNRHQVLQWDNLPPDLVHQKRONLQ ‚NHVNHOOHNXQQHV
ULVWLNNRYDVWDDXXQLWLODQVHLQllQMDW\|QQlWDDNVHSlLQ ƒNXYD
#
$VHWDVHQMlONHHQHWXPPDLVHHQKRONNLLQ „NXQQHVULVWLNNR
YDVWDDP\|VWlVVlXXQLWLODQVHLQllQMDSDLQDDODVSlLQ …
NXYD$
+XRPDXWXV .DQQDWLQMlUMHVWHOPlVWlULLSSXHQVLQXQWl\W\\
PXXWWDDODLWWHHQSHUXVDVHWXNVLD.DWVRVLWlYDUWHQNl\WW|RKMHHQ
OXNX3HUXVDVHWXNVHW
3XKGLVWXV
fr
Þ
1RWLFHGHPRQWDJH
'pFURFKHUHWDFFURFKHUOHVVXSSRUWV
: 5LVTXHGHEUOXUHV
/HVVXSSRUWVGHYLHQQHQWWUqVFKDXGV1HMDPDLVWRXFKHUOHV
VXSSRUWVFKDXGV/DLVVHUWRXMRXUVODSSDUHLOUHIURLGLUeORLJQHUOHV
HQIDQWV
'pFURFKDJHGHVVXSSRUWV
6RXOHYH]OpJqUHPHQWOHVXSSRUWjODYDQW ‚HWGpFURFKH]OH ƒ
ILJ !
7LUH]HQVXLWHWRXWOHVXSSRUWYHUVODYDQWHWVRUWH]OHILJ "
$FFURFKDJHGHVVXSSRUWV
/HVVXSSRUWVVDGDSWHQWXQLTXHPHQWjGURLWHRXjJDXFKH/HV
UDLOVWpOHVFRSLTXHVGRLYHQWSRXYRLUrWUHWLUpVYHUVODYDQW
&RPPHQFH]SDULQVpUHUOHVXSSRUWDXFHQWUHGDQVODGRXLOOH
DUULqUH
‚MXVTXjFHTXHOHVXSSRUWUHSRVHFRQWUHODSDURLGX
FRPSDUWLPHQWGHFXLVVRQHWSRXVVH]OHYHUVODUULqUH ƒILJ #
,QVpUH]OHHQVXLWHGDQVODGRXLOOHDYDQW „MXVTXjFHTXHOH
VXSSRUWUHSRVHOjDXVVLFRQWUHODSDURLGXFRPSDUWLPHQWGH
FXLVVRQHWSRXVVH]OHYHUVODUULqUH
…ILJ $
5HPDUTXH (QIRQFWLRQGXV\VWqPHWpOHVFRSLTXHYRXVGHYH]
PRGLILHUOHVUpJODJHVGHEDVHVXUYRWUHDSSDUHLO3RXUFHIDLUH
YHXLOOH]FRQVXOWHUOHFKDSLWUH5pJODJHVGHEDVHGDQVODQRWLFH
GXWLOLVDWLRQ
1HWWR\DJH
hr
à
8SXWH]DPRQWDçX
9DđHQMHLVWDYOMDQMHRNYLUDYRGLOLFD
: 2SDVQRVWRGRSHNOLQD
2NYLULYRGLOLFDSRVWDMXMDNRYUXþL1LNDGDQHGRGLUXMWHYUXþHRNYLUH
YRGLOLFD8YLMHNSXVWLWHGDVHXUHđDMRKODGL1HGR]YROLWHGMHFL
SULVWXS
9DđHQMHRNYLUDYRGLOLFD
3RGLJQLWH ‚RNYLUYRGLOLFDVSUHGQMHVWUDQHLL]YDGLWHJD ƒ
VOLND !
=DWLPSRYXFLWHFLMHOLRNYLUSUHPDQDSULMHGLL]YDGLWHJDVOLND "
6WDYOMDQMHRNYLUDYRGLOLFD
2NYLULYRGLOLFDSULVWDMXVDPRVGHVQHLOLOLMHYHVWUDQH,]YODĀQH
YRGLOLFHPRUDMXVHGDWLL]YXþLSUHPDQDSULMHG
3UYR XWDNQLWH ‚ RNYLU X VWUDçQML RWYRU VYH GRN RNYLU QH QDOHJQH QD
VWLMHQNXSHþQLFHLSULWLVQLWHJDSUHPDQDWUDJ ƒVOLND #
=DWLPJDXWDNQLWH „XSUHGQMLRWYRUVYHGRNRNYLULRYGMHQH
QDOHJQHQDVWLMHQNXSHþQLFHLSULWLVQLWHJDSUHPDGROMH …
VOLND $
1DSRPHQD 2YLVQRRL]YODĀQRPVXVWDYXWUHEDWHSULODJRGLWL
RVQRYQHSRVWDYNHVYRMHPXUHđDMX0ROLPRSRJOHGDMWHXXSXWDPD
]DXSRUDEXXSRJODYOMX´2VQRYQHSRVWDYNHµ
ÿLåþHQMH
hu
á
6]HUHOpVL~WPXWDWy
ÉOOYiQ\RNNLpVEHDNDV]WiVD
: eJpVYHV]pO\
$]iOOYiQ\RNIHOIRUUyVRGQDN6RKDQHpULQWVHPHJDIRUUy
iOOYiQ\RNDW0LQGLJKDJ\MDOHKŦOQLDNpV]OpNHW$J\HUPHNHNHW
WDUWVDWiYRO
ÉOOYiQ\RNNLDNDV]WiVD
(PHOMHPHJHO|ONLVVpD]iOOYiQ\W ‚PDMGDNDVV]DNL ƒ!
iEUD
(]XWiQD]HJpV]iOOYiQ\WK~]]DHOŌUHpVYHJ\HNL"iEUD
ÉOOYiQ\RNEHDNDV]WiVD
$]iOOYiQ\RNFVDNDMREEpVEDOROGDOUDLOOHV]NHGQHN$
NLK~]yVtQHNHOŌUHIHOpK~]KDWyNNL
$] iOOYiQ\W HOŌV]|U D KiWVy FVDSiJ\EHWpW N|]HSpEH KHO\H]]H EH
~J\
‚KRJ\D]iOOYiQ\DVWŌWpUIDOiKR]LOOHV]NHGMHQPDMG
Q\RPMDKiWUDIHOp ƒ#iEUD
(]XWiQD]HOOVŌFVDSiJ\EHWpWEHKHO\H]]HEH~J\ „KRJ\D]
iOOYiQ\ LWW LV D VWŌWpU IDOiKR] LOOHV]NHGMHQ PDMG Q\RPMD OHIHOp …
$iEUD
8WDVtWiV $NLK~]yUHQGV]HUWŌOIJJŌHQPyGRVtWVDNpV]OpNH
DODSEHiOOtWiVDLW(QQHNOHtUiVDDKDV]QiODWL~WPXWDWy
Å$ODSEHiOOtWiVRNµFtPŦIHMH]HWpEHQWDOiOKDWy
7LV]WtWiV
5LVWLNRW .XXPDDVWLDQSHVXDLQHOLXRV
/LRWDMDSXKGLVWDWDORXVOLLQDOODWDLKDUMDOOD
.DQQDWLQMlUMHV
WHOPl
.XXPDDVWLDQSHVXDLQHOLXRV
3XKGLVWDWDORXVOLLQDOODWDLKDUMDOOD
bOlSRLVWDYRLWHOXUDVYDDNDQQDWLQNLVNRLVWD
SXKGLVWDQHPLHOXLWHQSDLNRLOOHHQW\|QQHWW\L
QlbOlSHVHDVWLDQSHVXNRQHHVVD
6XSSRUWV (DX FKDXGH DGGLWLRQQpH GH SURGXLW j YDLVVHOOH
0HWWUH j WUHPSHU HW QHWWR\HU DYHF XQH ODYHWWH
RXXQHEURVVH
6\VWqPHWpOHV
FRSLTXH
(DX FKDXGH DGGLWLRQQpH GH SURGXLW j YDLVVHOOH
1HWWR\HUDYHFXQHODYHWWHRXXQHEURVVH
1H SDV pOLPLQHU OD JUDLVVH GH OXEULILFDWLRQ VXU
OHVUDLOVWpOHVFRSLTXHVOHVQHWWR\HUGHSUpIp
UHQFH HQ SRVLWLRQ UHQWUpH 1H SDV QHWWR\HU DX
ODYHYDLVVHOOH
2NYLUYRGLOLFD 9UXþDVDSXQLFD
1DYODçLWHLRĀLVWLWHVSXçYLFRPLOLĀHWNLFRP
,]YODĀQLVXVWDY 9UXþDVDSXQLFD
2ĀLVWLWHVSXçYLFRPLOLĀHWNLFRP
1HVNLGDMWHPD]LYRQDL]YODĀQLPYRGLOLFDPD
QDMEROMH LK ĀLVWLWH XPHWQXWH 1H SHULWH X SHULOLFL
SRVXđD
7DUWyN )RUUyPRVRJDWyV]HUHVYt]
É]WDVVD EH pV PRVRJDWyUXKiYDO YDJ\ NHIpYHO
WLV]WtWVDPHJ
.LK~]yUHQGV]HU )RUUyPRVRJDWyV]HUHVYt]
0RVRJDWyUXKiYDOYDJ\NHIpYHOWLV]WtWVDPHJ
1H WiYROtWVD HO D NHQŌ]VtUW D NLK~]yVtQHNUŌO D
OHJMREEKDEHWROWKHO\]HWEHQWLV]WtWMD1HP
WLV]WtWKDWyPRVRJDWyJpSEHQ
Loading ...
Loading ...
Loading ...