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SULSRURþDPR]DSHNRNUDþGLYMDþLQHSHFLYDNHNVRYMDERONWHU]DYVHMHGLNLMLKåHOLWHKUXVWOMDYR]DSHþL

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ɫɴɳɟɫɬɜɭɜɚɳɢɬɟɨɩɚɫɧɨɫɬɢ

ȻɢɬɨɜɢɹɬɭɪɟɞɩɨɜɪɟɦɟɧɚɫɜɨɹɬɚɪɚɛɨɬɚɫɟɧɚɝɪɹɜɚɞɨɜɢɫɨɤɚɬɟɦɩɟɪɚɬɭɪɚȻɴɞɟɬɟɜɧɢɦɚɬɟɥɧɢɢ

ɧɟɞɨɤɨɫɜɚɣɬɟɧɚɝɪɟɜɚɬɟɥɧɢɬɟɟɥɟɦɟɧɬɢɪɚɡɩɨɥɨɠɟɧɢɜɴɜɜɴɬɪɟɲɧɨɫɬɬɚɧɚɮɭɪɧɚɬɚ

ɂɡɩɨɥɡɜɚɣɬɟɫɚɦɨɬɚɤɴɜɬɟɦɩɟɪɚɬɭɪɟɧɞɚɬɱɢɤɤɚɤɴɜɬɨɟɩɪɟɩɨɪɴɱɚɧɨɬɩɪɨɢɡɜɨɞɢɬɟɥɹ

ɌɨɡɢɛɢɬɨɜɟɥɟɤɪɨɭɪɟɞɦɨɠɟɞɚɫɟɢɡɩɨɥɡɜɚɨɬɞɟɰɚɩɨɝɨɥɟɦɢɨɬɝɨɞɢɧɢɚɫɴɳɨɢRɬɯɨɪɚɫ

ɧɚɪɭɲɟɧɢɭɦɫɬɜɟɧɢɢɥɢɮɢɡɢɱɟɫɤɢɜɴɡɦɨɠɧɨɫɬɢɢɥɢɛɟɡɧɟɨɛɯɨɞɢɦɢɹɬɨɩɢɬɫɚɦɨɤɨɝɚɬɨɫɚɩɨɞ

ɧɚɛɥɸɞɟɧɢɟɢɫɚɢɧɫɬɪɭɤɬɢɪɚɧɢɨɬɧɨɫɧɨɛɟɡɨɩɚɫɧɨɬɨɢɡɩɨɥɡɜɚɧɟɧɚɭɪɟɞɚɢɡɧɚɹɬɡɚ

ɉɪɟɤɴɫɜɚɧɟɬɨɧɚɜɪɴɡɤɚɬɚɦɨɠɟɞɚɫɟɩɨɫɬɢɝɧɟɱɪɟɡɞɨɫɬɴɩɧɨɫɬɧɚɳɟɩɫɟɥɚɢɥɢɱɪɟɡɜɤɥɸɱɜɚɧɟ

ɧɚɩɪɟɜɤɥɸɱɜɚɬɟɥɜɧɟɩɨɞɜɢɠɧɨɬɨɨɤɚɛɟɥɹɜɚɧɟɜɫɴɨɬɜɟɬɫɬɜɢɟɫɩɪɚɜɢɥɚɬɚɡɚɨɤɚɛɟɥɹɜɚɧɟ

ɇɟɫɩɚɡɜɚɧɟɬɨɧɚɝɨɪɧɨɬɨɦɨɠɟɞɚɡɚɫɬɪɚɲɢɛɟɡɨɩɚɫɧɨɫɬɬɚɧɚɭɪɟɞɚɢɞɚɨɛɟɡɫɢɥɢɝɚɪɚɧɰɢɹɬɚ

Ⱥɤɨɡɚɯɪɚɧɜɚɳɢɹɬɤɚɛɟɥɟɩɨɜɪɟɞɟɧɬɨɣɬɪɹɛɜɚɞɚɛɴɞɟɡɚɦɟɧɟɧɫɤɚɛɟɥɢɥɢɫɩɟɰɢɚɥɟɧɩɚɤɟɬ

ɩɪɟɞɨɫɬɚɜɟɧɨɬɩɪɨɢɡɜɨɞɢɬɟɥɹɢɥɢɤɚɬɨɫɟɫɜɴɪɠɟɬɟɫɨɬɞɟɥɚɡɚɨɛɫɥɭɠɜɚɧɟɧɚɤɥɢɟɧɬɢ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿ ɞɨɫɬɴɩɧɢɬɟ ɱɚɫɬɢ ɦɨɝɚɬ ɞɚ ɫɬɚɧɚɬ ɝɨɪɟɳɢ ɤɨɝɚɬɨ ɮɭɪɧɚɬɚ ɫɟ ɢɡɩɨɥɡɜɚ

Ⱦɟɰɚɬɚɬɪɹɛɜɚɞɚɛɴɞɚɬɞɴɪɠɚɧɢɧɚɛɟɡɨɩɚɫɧɨɪɚɡɫɬɨɹɧɢɟ

ɇɟɪɚɡɪɟɲɚɜɚɣɬɟɧɚɞɟɰɚɞɚɢɝɪɚɹɬɫɮɭɪɧɚɬɚ

 ɇɟ ɢɡɩɨɥɡɜɚɣɬɟɡ ɚ ɩɨɱɢɫɬɜɚɧɟ ɧɚ ɫɬɴɤɥɟɧɚɬɚ ɩɨɜɴɪɯɧɨɫɬ ɧɚ ɜɪɚɬɚɬɚ ɚɛɪɚɡɢɜɧɢ ɩɨɱɢɫɬɜɚɳɢ

ɩɪɟɩɚɪɚɬɢɢɝɴɛɢɫɦɟɬɚɥɧɢɱɚɫɬɢɰɢɢɥɢɫɬɴɪɝɚɥɤɢɌɟɦɨɝɚɬɞɚɧɚɞɪɚɫɤɚɬɩɨɜɴɪɯɧɨɫɬɬɚɤɨɟɬɨɞɚ

ɞɨɜɟɞɟɞɨɧɚɩɭɤɜɚɧɟɢɥɢɞɨɪɢɫɱɭɩɜɚɧɟɧɚɫɬɴɤɥɨɬɨ

 ɉɊȿȾɍɉɊȿɀȾȿɇɂȿ ɇɟ ɨɛɥɢɰɨɜɚɣɬɟ ɫɬɟɧɢɬɟ ɧɚ ɮɭɪɧɚɬɚ ɫ ɚɥɭɦɢɧɢɟɜɨ ɮɨɥɢɨ ɢɥɢ ɞɪɭɝɢ

ɦɚɬɟɪɢɚɥɢɡɚɟɞɧɨɤɪɚɬɧɚɭɩɨɬɪɟɛɚɤɨɢɬɨɫɟɩɪɨɞɚɜɚɬɜɦɚɝɚɡɢɧɢɬɟɄɨɝɚɬɨɜɥɹɡɚɬɜɩɪɹɤɞɨɫɟɝɫ

ɧɚɝɨɪɟɳɟɧɢɹ ɟɦɚɣɥ ɫɴɳɟɫɬɜɭɜɚ ɪɢɫɤ ɚɥɭɦɢɧɢɟɜɨɬɨ ɮɨɥɢɨ ɢ ɞɪɭɝɢ ɩɨɞɨɛɧɢ ɦɚɬɟɪɢɚɥɢ ɞɚ ɫɟ

ɪɚɡɬɨɩɹɬɢɞɚɩɨɜɪɟɞɹɬɟɦɚɣɥɢɪɚɧɚɬɚɜɴɬɪɟɲɧɚɩɨɜɴɪɯɧɨɫɬ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿȻɢɬɨɜɢɹɬɟɥɟɤɬɪɨɭɪɟɞɢɧɟɝɨɜɢɬɟɨɬɤɪɢɬɢɱɚɫɬɢɩɨɜɪɟɦɟɧɚɪɚɛɨɬɚɦɨɝɚɬ

ɞɚɫɟɧɚɝɪɟɹɬɚɞɨɜɢɫɨɤɚɬɟɦɩɟɪɚɬɭɪɚɇɟɪɚɡɪɟɲɚɜɚɣɬɟɞɨɧɟɝɨɞɚɫɟɞɨɤɨɫɜɚɬɦɚɥɤɢɞɟɰɚ

ɉɨɜɪɟɦɟɧɚɝɨɬɜɟɧɟɜɥɚɝɚɬɚɦɨɠɟɞɚɤɨɧɞɟɧɡɢɪɚɩɨɜɴɬɪɟɲɧɨɫɬɬɚɧɚɮɭɪɧɚɬɚɢɥɢɩɨɫɬɴɤɥɨɬɨɧɚ

ɜɪɚɬɚɬɚɌɨɜɚɟɧɨɪɦɚɥɧɨɁɚɞɚɫɟɧɚɦɚɥɢɬɨɡɢɟɮɟɤɬɢɡɱɚɤɚɣɬɟ±ɦɢɧɭɬɢɫɥɟɞɤɚɬɨɜɤɥɸɱɢɬɟ

ɡɚɯɪɚɧɜɚɧɟɬɨɩɪɟɞɢɞɚɩɨɫɬɚɜɢɬɟɯɪɚɧɚɬɚɜɴɜɮɭɪɧɚɬɚȼɴɜɜɫɟɤɢɫɥɭɱɚɣɤɨɧɞɟɧɡɚɰɢɹɬɚɢɡɱɟɡɜɚ

ɤɨɝɚɬɨɮɭɪɧɚɬɚɞɨɫɬɢɝɧɟɬɟɦɩɟɪɚɬɭɪɚɬɚɧɚɝɨɬɜɟɧɟ

ɂɡɛɹɝɜɚɣɬɟɞɚɨɫɬɚɜɹɬɟɯɪɚɧɚɜɴɬɪɟɜɴɜɮɭɪɧɚɬɚɫɥɟɞɝɨɬɜɟɧɟɡɚɩɨɜɟɱɟɨɬɦɢɧɭɬɢ

Ƚɨɬɜɟɬɟɡɟɥɟɧɱɭɰɢɬɟɜɫɴɞɫɤɚɩɚɤɜɦɟɫɬɨɜɨɬɤɪɢɬɚɬɚɜɚ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿȻɢɬɨɜɢɹɬɟɥɟɤɬɪɨɭɪɟɞɢɧɟɝɨɜɢɬɟɨɬɤɪɢɬɢɱɚɫɬɢɩɨɜɪɟɦɟɧɚɪɚɛɨɬɚɦɨɝɚɬ

ɞɚɫɟɧɚɝɪɟɹɬɞɨɜɢɫɨɤɚɬɟɦɩɟɪɚɬɭɪɚȻɴɞɟɬɟɜɧɢɦɚɬɟɥɧɢɢɧɟɫɟɞɨɤɨɫɜɚɣɬɟɞɨɬɹɯ

ɉɨɱɢɫɬɜɚɧɟɬɨɢɨɛɫɥɭɠɜɚɧɟɧɚɛɢɬɨɜɢɹɬɭɪɟɞɧɟɬɪɹɛɜɚɞɚɫɟɢɡɜɴɪɲɜɚɨɬɞɟɰɚɛɟɡɧɚɞɡɨɪ

ɜɴɡɪɚɫɬɧɢ

ɉɪɟɞɢɞɚɩɨɱɢɫɬɢɬɟɮɭɪɧɚɬɚɬɪɹɛɜɚɞɚɦɚɯɧɟɬɟɪɟɲɟɬɤɚɬɚɩɪɢɡɚɞɴɥɠɢɬɟɥɧɨɢɡɤɥɸɱɟɧɭɪɟɞ

ɋɥɟɞɩɨɱɢɫɬɜɚɧɟɬɨɩɨɫɬɚɜɟɬɟɨɬɧɨɜɨɪɟɲɟɬɤɚɬɚɩɨɧɚɱɢɧɚɨɩɢɫɚɧɜɢɧɫɬɪɭɤɰɢɢɬɟ

ɇɟɢɡɩɨɥɡɜɚɣɬɟɩɚɪɨɱɢɫɬɚɱɤɚɩɪɢɩɨɱɢɫɬɜɚɧɟɧɚɭɪɟɞɚ

ɋɜɴɪɠɟɬɟɳɟɩɫɟɥɤɴɦɡɚɯɪɚɧɜɚɳɢɹɤɚɛɟɥɤɨɣɬɨɟɜɫɴɫɬɨɹɧɢɟɞɚɩɨɧɟɫɟɧɚɩɪɟɠɟɧɢɟɬɨɬɨɤɚɢ

ɧɚɬɨɜɚɪɜɚɧɟɬɨɭɤɚɡɚɧɢɧɚɬɚɛɟɥɤɚɬɚɢɢɦɚɤɨɧɬɚɤɬɡɚɡɚɡɟɦɹɜɚɧɟɓɟɩɫɟɥɴɬɬɪɹɛɜɚɞɚɟɩɨɞɯɨɞɹɳ

ɡɚɬɨɜɚɪɚɩɨɫɨɱɟɧɜɴɪɯɭɟɬɢɤɟɬɚɢɬɪɹɛɜɚɞɚɢɦɚɫɜɴɪɡɚɧɤɴɦɡɚɡɟɦɹɜɚɳɤɨɧɬɚɤɬɤɨɣɬɨɞɚɪɚɛɨɬɢ

Ɂɚɡɟɦɹɜɚɳɢɹɬ ɩɪɨɜɨɞɧɢɤ ɟ ɠɴɥɬɨɡɟɥɟɧ ɧɚ ɰɜɹɬ Ɍɚɡɢ ɨɩɟɪɚɰɢɹ ɬɪɹɛɜɚ ɞɚ ɫɟ ɢɡɜɴɪɲɜɚ ɨɬ

ɤɜɚɥɢɮɢɰɢɪɚɧ ɫɩɟɰɢɚɥɢɫɬ ȼ ɫɥɭɱɚɣ ɧɚ ɧɟɫɴɜɦɟɫɬɢɦɨɫɬ ɦɟɠɞɭ ɤɨɧɬɚɤɬɚ ɢ ɳɟɩɫɟɥɚ ɧɚ ɭɪɟɞɚ

ɩɨɩɢɬɚɣɬɟɤɜɚɥɢɮɢɰɢɪɚɧɟɥɟɤɬɪɨɬɟɯɧɢɤɤɨɣɬɨɞɚɡɚɦɟɧɢɤɨɧɬɚɤɬɚɫɞɪɭɝɩɨɞɯɨɞɹɳɬɢɩɓɟɩɫɟɥɴɬ

ɢ ɤɨɧɬɚɤɬɴɬ ɬɪɹɛɜɚ ɞɚ ɨɬɝɨɜɚɪɹɬ ɧɚ ɞɟɣɫɬɜɚɳɢɬɟ ɧɨɪɦɢ ɧɚ ɞɴɪɠɚɜɚɬɚ ɧɚ ɢɧɫɬɚɥɚɰɢɹɬɚ

ɋɜɴɪɡɜɚɧɟɬɨɤɴɦɢɡɬɨɱɧɢɤɚɧɚɡɚɯɪɚɧɜɚɧɟɦɨɠɟɞɚɫɟɢɡɜɴɪɲɢɢɱɪɟɡɩɨɫɬɚɜɹɧɟɧɚɭɧɢɜɟɪɫɚɥɟɧ

ɩɪɟɤɴɫɜɚɱɦɟɠɞɭɭɪɟɞɚɢɢɡɬɨɱɧɢɤɚɧɚɡɚɯɪɚɧɜɚɧɟɤɨɣɬɨɦɨɠɟɞɚɩɨɧɟɫɟɦɚɤɫɢɦɚɥɧɨɫɜɴɪɡɚɧɨ

ɧɚɬɨɜɚɪɜɚɧɟɢɤɨɣɬɨɟɜɫɴɨɬɜɟɬɫɬɜɢɟɫɞɟɣɫɬɜɚɳɨɬɨɡɚɤɨɧɨɞɚɬɟɥɫɬɜɨɀɴɥɬɨɡɟɥɟɧɢɹɬɡɚɡɟɦɹɜɚɲ

ɤɚɛɟɥɧɟɬɪɹɛɜɚɞɚɫɟɩɪɟɤɴɫɜɚɨɬɩɪɟɤɴɫɜɚɱɚȽɧɟɡɞɨɬɨɢɥɢɫɜɪɴɡɤɚɬɚɢɡɩɨɥɡɜɚɧɚɡɚɜɪɴɡɤɚɬɚ

ɬɪɹɛɜɚɞɚɫɚɥɟɫɧɨɞɨɫɬɴɩɧɢɤɨɝɚɬɨɭɪɟɞɴɬɟɦɨɧɬɢɪɚɧ

ȼɢɞɴɬɧɚɡɚɯɪɚɧɜɚɳɢɹɤɚɛɟɥɬɪɹɛɜɚɞɚɟ+99)

ɉɪɟɞɢɩɨɱɢɫɬɜɚɧɟɬɨɬɪɹɛɜɚɞɚɫɟɢɡɜɚɞɢɢɡɥɢɲɴɤɴɬɨɬɪɚɡɥɟɬɢɹɦɚɬɟɪɢɚɥ

ɉɨɜɪɟɦɟɧɚɩɢɪɨɥɢɡɧɢɹɩɪɨɰɟɫɧɚɩɨɱɢɫɬɜɚɧɟɩɨɜɴɪɯɧɨɫɬɢɬɟɦɨɝɚɬɞɚɫɟɧɚɝɪɟɹɬɩɨɜɟɱɟɨɬ

ɨɛɢɱɚɣɧɨɬɨɩɨɪɚɞɢɬɨɜɚɞɟɰɚɬɚɬɪɹɛɜɚɞɚɫɟɞɴɪɠɚɬɧɚɛɟɡɨɩɚɫɧɨɪɚɡɫɬɨɹɧɢɟ

ɍɪɟɞɴɬɧɟɬɪɹɛɜɚɞɚɫɟɦɨɧɬɢɪɚɡɚɞɞɟɤɨɪɚɬɢɜɧɚɜɪɚɬɚɡɚɞɚɫɟɢɡɛɟɝɧɟɩɪɟɝɪɹɜɚɧɟ

Ʉɨɝɚɬɨɩɨɫɬɚɜɢɬɟɪɚɮɬɚɜɴɬɪɟɭɜɟɪɟɬɟɫɟɱɟɫɬɨɩɟɪɴɬɟɧɚɫɨɱɟɧɧɚɝɨɪɟɢɜɡɚɞɧɚɬɚɱɚɫɬɧɚ

ɤɭɯɢɧɚɬɚ

Ɋɚɮɬɴɬɬɪɹɛɜɚɞɚɛɴɞɟɩɴɯɧɚɬɢɡɰɹɥɨɜɤɭɯɢɧɚɬɚ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿɇɢɤɨɝɚɧɟɫɜɚɥɹɣɬɟɭɩɥɴɬɧɟɧɢɟɬɨɧɚɜɪɚɬɚɬɚɧɚ

ɮɭɪɧɚɬɚ

ȼɇɂɆȺɇɂȿɇɟɡɚɪɟɠɞɚɣɬɟɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚɫɜɨɞɚɩɨɜɪɟɦɟɧɚɝɨɬɜɟɧɟɢɥɢɤɨɝɚɬɨɮɭɪɧɚɬɚɟ

ɝɨɪɟɳɚ

ɇɟɟɧɟɨɛɯɨɞɢɦɚɞɨɩɴɥɧɢɬɟɥɧɚɨɩɟɪɚɰɢɹɧɚɫɬɪɨɣɤɚɡɚɞɚɫɟɪɚɛɨɬɢɫɭɪɟɞɚɩɪɢɧɨɦɢɧɚɥɧɢɬɟ

ɱɟɫɬɨɬɢ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿɈɩɚɫɧɨɫɬɨɬɢɡɝɚɪɹɧɟɢɩɨɜɪɟɞɚɧɚɭɪɟɞɚɂɡɩɨɥɡɜɚɧɟɧɚɮɭɧɤɰɢɹɬɚɡɚɩɚɪɚ

ɂɡɩɭɫɤɚɧɚɬɚ ɩɚɪɚ ɦɨɠɟ ɞɚ ɩɪɢɱɢɧɢɢɡɝɚɪɹɧɢɹɈɬɜɨɪɟɬɟ ɜɧɢɦɚɬɟɥɧɨ ɜɪɚɬɚɬɚ ɡɚ ɞɚɢɡɛɟɝɧɟɬɟ

ɧɚɪɚɧɹɜɚɧɢɹɫɥɟɞɤɚɬɨɢɡɩɨɥɡɜɚɬɟɮɭɧɤɰɢɹɡɚɝɨɬɜɟɧɟɫɩɚɪɚ

3ɟɡɸɦɟ

%*

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ɈɛɳɢɆɟɪɤɢɁɚȻɟɡɨɩɚɫɧɨɫɬ



ɂɧɫɬɪɭɤɰɢɢɡɚɛɟɡɨɩɚɫɧɨɫɬ

ȿɥɟɤɬɪɢɱɟɫɤɚɛɟɡɨɩɚɫɧɨɫɬ

ɉɪɟɩɨɪɴɤɢ

Ɇɨɧɬɚɠ

ɍɩɪɚɜɥɟɧɢɟɧɚɨɬɩɚɞɴɰɢɬɟɢɡɚɳɢɬɚɧɚ

ɨɤɨɥɧɚɬɚɫɪɟɞɚ

Ⱦɟɤɥɚɪɚɰɢɹɡɚɫɴɨɬɜɟɬɫɬɜɢɟ

Ɉɛɳɢɡɝɥɟɞ

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ɉɴɪɜɚɭɩɨɬɪɟɛɚ

Ɉɩɢɫɚɧɢɟɧɚɩɪɨɞɭɤɬɚ



ɂɡɩɨɥɡɜɚɧɟɧɚɮɭɪɧɚɬɚ



Ɉɛɳɢɛɟɥɟɠɤɢɩɨɩɨɱɢɫɬɜɚɧɟɬɨ

$48$&7,9$ɮɭɧɤɰɢɹ

ɉɨɞɞɪɴɠɤɚ

ɋɜɚɥɹɧɟɢɩɨɱɢɫɬɜɚɧɟɧɚɫɬɪɚɧɢɱɧɢɬɟɫɬɨɣɤɢ

ɋɜɚɥɹɧɟɧɚɩɪɨɡɨɪɟɰɚɧɚɮɭɪɧɚɬɚ

ɋɜɚɥɹɧɟɢɩɨɱɢɫɬɜɚɧɟɧɚɫɬɴɤɥɟɧɚɬɚɜɪɚɬɚ

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

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Ɉɬɫɬɪɚɧɹɜɚɧɟɧɚɩɪɨɛɥɟɦɢ



Ɉɩɢɫɚɧɢɟɧɚɞɢɫɩɥɟɹ

Ɋɟɠɢɦɢɧɚɝɨɬɜɟɧɟ

ɂɡɩɨɥɡɜɚɧɟɧɚɮɭɧɤɰɢɹɬɚɡɚɩɚɪɚ

Ʉɨɝɚɬɨɭɪɟɞɴɬɟɜɟɤɫɩɥɨɚɬɚɰɢɹɜɫɢɱɤɢɞɨɫɬɴɩɧɢɱɚɫɬɢɫɚɝɨɪɟɳɢȼɧɢɜɚɣɬɟɞɚɧɟɫɟɞɨɤɨɫɜɚɬɟ

ɞɨɬɟɡɢɟɥɟɦɟɧɬɢɉɪɢɩɴɪɜɢɹɬɩɭɫɤɧɚɮɭɪɧɚɬɚɦɨɠɟɞɚɫɟɭɫɟɬɢɧɟɩɪɢɹɬɧɚɦɢɪɢɡɦɚɌɨɜɚ

ɫɬɚɜɚɡɚɳɨɬɨɢɡɨɥɚɰɢɨɧɧɢɬɟɟɥɟɦɟɧɬɢɫɟɡɚɝɪɹɜɚɬɡɚɩɴɪɜɢɩɴɬɌɨɜɚɟɚɛɫɨɥɸɬɧɨɧɨɪɦɚɥɧɨɢ

ɧɹɦɚɩɨɜɨɞɡɚɩɪɢɬɟɫɧɟɧɢɟɂɡɱɚɤɚɣɬɟɭɪɟɞɚɞɚɢɡɫɬɢɧɟɢɝɨɡɚɛɴɪɲɟɬɟɞɨɛɪɟɋɥɟɞɬɨɜɚɟ

ɝɨɬɨɜɡɚɧɨɪɦɚɥɧɚɟɤɫɩɥɨɚɬɚɰɢɹ

ȿɞɧɚɮɭɪɧɚɩɨɫɜɨɹɬɚɫɴɳɧɨɫɬɧɚɪɚɛɨɬɚɫɬɚɜɚɦɧɨɝɨɝɨɪɟɳɚɈɫɨɛɟɧɨɫɬɴɤɥɨɬɨɧɚɜɪɚɬɚɬɚɧɚ

ɮɭɪɧɚɬɚ

Ȼɥɚɝɨɞɚɪɢɦȼɢ ɱɟ ɢɡɛɪɚɯɬɟɟɞɢɧɨɬɧɚɲɢɬɟ ɩɪɨɞɭɤɬɢ Ɂ ɚ ɞɚ ɢɦɚɬɟ ɜɴɡɦɨɠɧɨ ɧɚɣɞɨɛɴɪ

ɪɟɡɭɥɬɚɬ ɩɪɢ ɢɡɩɨɥɡɜɚɧɟɬɨ ɧɚ ɮɭɪɧɚɬɚ ɜɧɢɦɚɬɟɥɧɨ ɩɪɨɱɟɬɟɬɟ ɬɨɜɚ ɪɴɤɨɜɨɞɫɬɜɨ

ɉɪɟɩɨɪɴɱɜɚɦɟȼɢɞɚɡɚɩɚɡɢɬɟɧɚɫɬɨɹɳɨɬɨɪɴɤɨɜɨɞɫɬɜɨɡɚɦɨɧɬɚɠɢɟɤɫɩɥɨɚɬɚɰɢɹɢɩɪɢɧɭɠɞɚ

ɞɚɫɟɨɛɪɴɳɚɬɟɤɴɦɧɟɝɨ

ɈɛɳɢɆɟɪɤɢɁɚȻɟɡɨɩɚɫɧɨɫɬ

ɂɧɫɬɪɭɤɰɢɢɡɚɛɟɡɨɩɚɫɧɨɫɬ

ȼɫɥɭɱɚɣɧɚɩɨɜɪɟɞɚɢɢɥɢɧɟɧɟɞɨɛɪɚɪɚɛɨɬɚɢɡɤɥɸɱɟɬɟɭɪɟɞɚɢɧɟ

ɫɟɨɩɢɬɜɚɣɬɟɞɚɝɨɩɨɩɪɚɜɢɬɟɫɚɦɢ

ɇɟɞɨɤɨɫɜɚɣɬɟɭɪɟɞɚɫɦɨɤɪɢɢɥɢɜɥɚɠɧɢɪɴɰɟɢɥɢɤɪɚɤɚ

ɇɟ ɫɟ ɩɪɟɩɨɪɴɱɜɚ ɢɡɩɨɥɡɜɚɧɟɬɨ ɧɚ ɚɞɚɩɬɟɪɢ ɪɚɡɤɥɨɧɢɬɟɥɢ  ɢ

ɭɞɴɥɠɢɬɟɥɢ

ɇɟɢɡɤɥɸɱɜɚɣɬɟɨɬɤɨɧɬɚɤɬɚɤɚɬɨɞɴɪɩɚɬɟɤɚɛɟɥɚ

ɂɡɩɨɥɡɜɚɧɟɬɨɧɚɜɫɟɤɢɟɞɢɧɟɥɟɤɬɪɨɭɪɟɞɩɪɟɞɩɨɥɚɝɚɫɩɚɡɜɚɧɟɬɨɧɚ

ɧɹɤɨɢɨɫɧɨɜɧɢɩɪɚɜɢɥɚ

ɂɡɩɨɥɡɜɚɣɬɟ ɮɭɪɧɚɬɚ ɟɞɢɧɫɬɜɟɧɨ ɩɨ ɩɪɟɞɧɚɡɧɚɱɟɧɢɟ  ɫɚɦɨ ɡɚ

ɩɪɢɝɨɬɜɹɧɟɧɚɯɪɚɧɚȼɫɹɤɚɞɪɭɝɚɭɩɨɬɪɟɛɚɧɚɩɪɢɦɟɪɤɚɬɨɢɡɬɨɱɧɢɤ

ɧɚ ɬɨɩɥɢɧɚ ɫɟ ɫɦɹɬɚ ɡɚ ɧɟɩɪɚɜɢɥɧɚ ɢ ɫɥɟɞɨɜɚɬɟɥɧɨ ɨɩɚɫɧɚ

ɉɪɨɢɡɜɨɞɢɬɟɥɹɬ ɧɟ ɧɨɫɢ ɨɬɝɨɜɨɪɧɨɫɬ ɡɚ ɳɟɬɢ ɜɴɡɧɢɤɧɚɥɢ

ɜɫɥɟɞɫɬɜɢɟ ɧɚ ɧɟɭɦɟɫɬɧɚɬɚ ɧɟɩɪɚɜɢɥɧɚɬɚ ɢɥɢ ɧɟɪɚɡɭɦɧɚɬɚ

ɭɩɨɬɪɟɛɚɧɚɮɭɪɧɚɬɚ

ȿɥɟɤɬɪɢɱɟɫɤɚɛɟɡɨɩɚɫɧɨɫɬ

ɍȼȿɊȿɌȿ  ɋȿ  ɑȿ  ɋȼɔɊɁȼȺɇȿɌɈ  ɇȺ   ȿɅȿɄɌɊɂɑȿɋɄɂɌȿ

ɄȺȻȿɅɂ   ɋȿ   ɂɁȼɔɊɒȼȺ   ɈɌ   ȿɅȿɄɌɊɈɌȿɏɇɂɄ    ɂɅɂ

ɄȼȺɅɂɎɂɐɂɊȺɇɌȿɏɇɂɄȿɥɟɤɬɪɢɱɟɫɤɚɬɚɢɧɫɬɚɥɚɰɢɹɤɴɦɤɨɹɬɨɟ

ɫɜɴɪɡɚɧɚ ɮɭɪɧɚɬɚ ɬɪɹɛɜɚ ɞɚ ɨɬɝɨɜɚɪɹ ɧɚ ɢɡɢɫɤɜɚɧɢɹɬɚ ɧɚ

ɩɪɢɥɨɠɢɦɨɬɨɡɚɤɨɧɨɞɚɬɟɥɫɬɜɨɜɫɬɪɚɧɚɬɚɜɤɨɹɬɨɫɟɩɨɥɡɜɚɭɪɟɞɴɬ

ɉɪɨɢɡɜɨɞɢɬɟɥɹɬ ɧɟ ɧɨɫɢ ɨɬɝɨɜɨɪɧɨɫɬ ɡɚ ɳɟɬɢ ɩɪɢɱɢɧɟɧɢ ɨɬ

ɧɟɫɩɚɡɜɚɧɟɬɨɧɚɬɟɡɢɭɤɚɡɚɧɢɹɎɭɪɧɚɬɚɬɪɹɛɜɚɞɚɛɴɞɟɫɜɴɪɡɚɧɚ

ɤɴɦ ɟɥɟɤɬɪɨɡɚɯɪɚɧɜɚɧɟ ɫɴɫ ɡɚɡɟɦɟɧɨ ɤɨɧɬɚɤɬɧɨ ɝɧɟɡɞɨ ɢɥɢ

ɦɧɨɝɨɩɨɥɸɫɟɧ ɩɪɟɤɴɫɜɚɱ ɜ ɡɚɜɢɫɢɦɨɫɬ ɨɬ ɩɪɢɥɨɠɢɦɨɬɨ

ɡɚɤɨɧɨɞɚɬɟɥɫɬɜɨ ɜ ɫɬɪɚɧɚɬɚ ɜ ɤɨɹɬɨ ɫɟ ɢɡɜɴɪɲɜɚ ɦɨɧɬɚɠɴɬ

ȿɥɟɤɬɪɨɡɚɯɪɚɧɜɚɳɚɬɚ ɢɧɫɬɚɥɚɰɢɹ ɬɪɹɛɜɚ ɞɚ ɛɴɞɟ ɡɚɳɢɬɟɧɚ ɫ

ɩɨɞɯɨɞɹɳɢ ɩɪɟɞɩɚɡɢɬɟɥɢ ɚ ɢɡɩɨɥɡɜɚɧɢɬɟ ɩɪɨɜɨɞɧɢɰɢ ɬɪɹɛɜɚ ɞɚ

ɢɦɚɬ ɧɚɩɪɟɱɧɨ ɫɟɱɟɧɢɟ ɩɨɞɯɨɞɹɳɨ ɡɚ ɩɪɨɜɟɠɞɚɧɟ ɧɚ ɬɨɤɚ

ɧɟɨɛɯɨɞɢɦɡɚɡɚɯɪɚɧɜɚɧɟɧɚɮɭɪɧɚɬɚ

ɋȼɔɊɁȼȺɇȿ

 ɧɚɫɬɪɨɣɤɚɬɚɧɚɩɪɟɤɴɫɜɚɱɚ

Ɂɚɡɟɦɹɜɚɳɢɹɬɩɪɨɜɨɞɧɢɤɤɨɣɬɨɟɫɜɴɪɡɚɧɤɴɦɡɚɡɟɦɹɜɚɳɚɤɥɟɦɚɧɚ

ɮɭɪɧɚɬɚ ɬɪɹɛɜɚ ɞɚ ɛɴɞɟ ɫɜɴɪɡɚɧ ɤɴɦ ɡɚɡɟɦɹɜɚɳɚɬɚ ɤɥɟɦɚ ɧɚ

ɡɚɯɪɚɧɜɚɧɟɬɨ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿ

ɉɪɟɞɢ ɞɚ ɫɜɴɪɠɟɬɟ ɮɭɪɧɚɬɚ ɤɴɦ ɡɚɯɪɚɧɜɚɧɟɬɨ ɩɨɢɫɤɚɣɬɟ ɨɬ

ɤɜɚɥɢɮɢɰɢɪɚɧ ɟɥɟɤɬɪɨɬɟɯɧɢɤ ɞɚ ɩɪɨɜɟɪɢ ɢɡɩɪɚɜɧɨɫɬɬɚ ɧɚ

ɡɚɡɟɦɹɜɚɳɚɬɚ ɤɥɟɦɚ ɧɚ ɡɚɯɪɚɧɜɚɧɟɬɨ ɉɪɨɢɡɜɨɞɢɬɟɥɹɬ ɧɟ ɧɨɫɢ

ɨɬɝɨɜɨɪɧɨɫɬɡɚɢɧɰɢɞɟɧɬɢɢɥɢɞɪɭɝɢɩɪɨɛɥɟɦɢɜɴɡɧɢɤɧɚɥɢɩɨɪɚɞɢ

ɝɪɟɲɧɨɡɚɡɟɦɹɜɚɧɟɢɢɥɢɧɟɢɡɩɪɚɜɧɨɫɬɢɜɡɚɡɟɦɢɬɟɥɧɢɬɟɤɥɟɦɢ

ɁȺȻȿɅȿɀɄȺɌɴɣɤɚɬɨɮɭɪɧɚɬɚɦɨɠɟɞɚɫɟɧɭɠɞɚɟɨɬɩɨɞɞɪɴɠɤɚ

ɩɪɟɩɨɪɴɱɢɬɟɥɧɨɟɞɚɪɚɡɩɨɥɚɝɚɬɟɫɴɫɫɜɨɛɨɞɧɨɤɨɧɬɚɤɬɧɨɝɧɟɡɞɨɜ

ɤɨɟɬɨɞɚɛɴɞɟɜɤɥɸɱɟɧɚɚɤɨɛɴɞɟɩɪɟɦɟɫɬɟɧɚɨɬɦɹɫɬɨɬɨɧɚɤɨɟɬɨɟ

ɦɨɧɬɢɪɚɧɚɁɚɯɪɚɧɜɚɳɢɹɬɤɚɛɟɥɬɪɹɛɜɚɞɚɫɟɩɨɞɦɟɧɹɟɞɢɧɫɬɜɟɧɨ

ɨɬɟɥɟɤɬɪɨɬɟɯɧɢɤɡɚɧɢɦɚɜɚɳɫɟɫɩɨɞɞɪɴɠɤɚɧɚɟɥɟɤɬɪɨɭɪɟɞɢ

 ɫɬɨɣɧɨɫɬɢɬɟɧɚɧɚɩɪɟɠɟɧɢɟɬɨɫɮɚɡɨɦɟɪɢ

Ɏɭɪɧɚɬɚ ɟ ɨɛɨɪɭɞɜɚɧɚ ɫɴɫ ɡɚɯɪɚɧɜɚɳ ɤɚɛɟɥ ɤɨɣɬɨ ɬɪɹɛɜɚ ɞɚ ɫɟ

ɫɜɴɪɠɟɟɞɢɧɫɬɜɟɧɨɤɴɦɢɡɬɨɱɧɢɤ9$&+]ɦɟɠɞɭɮɚɡɢɬɟ

ɢɥɢ ɦɟɠɞɭ ɮɚɡɚɬɚ ɢ ɧɭɥɚɬɚ ɉɪɟɞɢ ɞɚ ɫɜɴɪɠɟɬɟ ɮɭɪɧɚɬɚ ɤɴɦ

ɡɚɯɪɚɧɜɚɧɟɬɨɟɜɚɠɧɨɞɚɢɡɜɴɪɲɢɬɟɩɪɨɜɟɪɤɚɧɚ

ɉɪɟɩɨɪɴɤɢ

ɉɨɱɢɫɬɜɚɣɬɟ ɮɭɪɧɚɬɚɫɥɟɞɜɫɹɤɨ ɩɨɥɡɜɚɧɟɢɬɚɤɚɳɟɦɨɠɟɬɟ  ɞɚɹ

ɩɨɞɞɴɪɠɚɬɟɛɟɡɭɩɪɟɱɧɨɱɢɫɬɚ

ɇɟ ɨɛɥɟɩɜɚɣɬɟ ɜɴɬɪɟɲɧɨɫɬɬɚ ɧɚ ɮɭɪɧɚɬɚ ɫ ɚɥɭɦɢɧɢɟɜɨ ɮɨɥɢɨ ɢɥɢ

ɡɚɳɢɬɧɨ ɮɨɥɢɨ ɡɚ ɟɞɧɨɤɪɚɬɧɚ ɭɩɨɬɪɟɛɚ ɉɪɢ ɞɨɤɨɫɜɚɧɟ ɞɨ

ɧɚɝɨɪɟɳɟɧɢɬɟɟɦɚɣɥɢɪɚɧɢɩɨɜɴɪɯɧɨɫɬɢɚɥɭɦɢɧɢɟɜɨɬɨɮɨɥɢɨɢɞɪɭɝɢ

ɜɢɞɨɜɟ ɡɚɳɢɬɚ ɦɨɠɟ ɞɚ ɫɟ ɪɚɡɬɨɩɢ ɢ ɬɚɤɚ ɞɚ ɭɜɪɟɞɢ ɟɦɚɣɥɚ ɧɚ

ɜɴɬɪɟɲɧɢɬɟ ɫɬɟɧɢ Ɂɚ  ɞɚ ɩɪɟɞɨɬɜɪɚɬɢɬɟ ɩɪɟɤɨɦɟɪɧɨ ɡɚɰɚɩɜɚɧɟ ɧɚ

ɮɭɪɧɚɬɚɢɞɢɦɫɴɫɫɢɥɟɧɦɢɪɢɫɤɨɣɬɨɫɟɨɛɪɚɡɭɜɚɜɫɥɟɞɫɬɜɢɟɨɬɬɨɜɚ

ɩɪɟɩɨɪɴɱɜɚɦɟ ɞɚ ɧɟ ɢɡɩɨɥɡɜɚɬɟ ɮɭɪɧɚɬɚ ɧɚ ɦɧɨɝɨ ɜɢɫɨɤɚ

ɬɟɦɩɟɪɚɬɭɪɚ ɉɨɞɨɛɪɟ ɟ ɞɚ ɭɞɴɥɠɢɬɟ ɜɪɟɦɟɬɨ ɡɚ ɝɨɬɜɟɧɟ ɤɚɬɨ

ɧɚɦɚɥɢɬɟ ɥɟɤɨ ɬɟɦɩɟɪɚɬɭɪɚɬɚ Ɉɫɜɟɧ ɩɪɟɞɨɫɬɚɜɟɧɢɬɟ ɡɚɟɞɧɨ ɫ

ɮɭɪɧɚɬɚɩɪɢɫɩɨɫɨɛɥɟɧɢɹɩɪɟɩɨɪɴɱɜɚɦɟ ɞɚ ɢɡɩɨɥɡɜɚɬɟ ɫɚɦɨ ɬɚɜɢ ɢ

ɮɨɪɦɢɡɚɩɟɱɟɧɟɤɨɢɬɨɢɦɚɬɩɨɜɢɲɟɧɚɬɨɩɥɨɭɫɬɨɣɱɢɜɨɫɬ

Ɇɨɧɬɚɠ

Ɇɨɧɬɚɠɴɬ ɧɚ ɮɭɪɧɚɬɚ ɧɟ ɟ ɡɚɞɴɥɠɟɧɢɟ ɧɚ ɩɪɨɢɡɜɨɞɢɬɟɥɹ Ⱥɤɨ ɟ

ɧɟɨɛɯɨɞɢɦɨɫɴɞɟɣɫɬɜɢɟɬɨɧɚ ɩɪɨɢɡɜɨɞɢɬɟɥɹɡɚɨɬɫɬɪɚɧɹɜɚɧɟɬɨɧɚ

ɩɨɜɪɟɞɢɩɪɨɢɡɬɢɱɚɳɢɨɬɧɟɩɪɚɜɢɥɟɧɦɨɧɬɚɠɬɨɜɚɫɴɞɟɣɫɬɜɢɟɧɟɫɟ

ɩɨɤɪɢɜɚɨɬɝɚɪɚɧɰɢɹɬɚɌɪɹɛɜɚɞɚɫɟɫɥɟɞɜɚɬɭɤɚɡɚɧɢɹɬɚɡɚɦɨɧɬɚɠ

ɤɨɢɬɨ ɫɚ ɩɪɟɞɧɚɡɧɚɱɟɧɢ ɡɚ ɤɜɚɥɢɮɢɰɢɪɚɧɢ ɩɪɨɮɟɫɢɨɧɚɥɢɫɬɢ

ɇɟɩɪɚɜɢɥɧɢɹɬ ɦɨɧɬɚɠ ɦɨɠɟ ɞɚ ɩɪɢɱɢɧɢ ɦɚɬɟɪɢɚɥɧɢ ɳɟɬɢ ɢɥɢ

ɧɚɪɚɧɹɜɚɧɢɹɧɚɯɨɪɚɢɠɢɜɨɬɧɢɉɪɨɢɡɜɨɞɢɬɟɥɹɬɧɟɧɨɫɢɨɬɝɨɜɨɪɧɨɫɬ

ɡɚɬɚɤɢɜɚɳɟɬɢɢɥɢɧɚɪɚɧɹɜɚɧɢɹ

Ɏɭɪɧɚɬɚɦɨɠɟɞɚɛɴɞɟɪɚɡɩɨɥɨɠɟɧɚɧɚɜɢɫɨɤɨɦɹɫɬɨɜɤɨɥɨɧɚɢɥɢ

ɜɝɪɚɞɟɧɚɩɨɞɤɭɯɧɟɧɫɤɢɩɥɨɬɉɪɟɞɢɞɚɹɦɨɧɬɢɪɚɬɟɫɟɭɜɟɪɟɬɟɱɟɜ

ɨɩɪɟɞɟɥɟɧɨɬɨ ɡɚ ɮɭɪɧɚɬɚ ɩɪɨɫɬɪɚɧɫɬɜɨ ɢɦɚ ɞɨɛɪɚ ɜɟɧɬɢɥɚɰɢɹ ɢ

ɛɟɡɩɪɟɩɹɬɫɬɜɟɧ ɞɨɫɬɴɩ ɧɚ ɫɜɟɠ ɜɴɡɞɭɯ ɤɨɣɬɨ ɟ ɧɟɨɛɯɨɞɢɦ ɡɚ

ɨɯɥɚɠɞɚɧɟɬɨ ɢ ɡɚɳɢɬɚɬɚ ɧɚ ɜɴɬɪɟɲɧɢɬɟ ɟɥɟɦɟɧɬɢ ɧɚ ɮɭɪɧɚɬɚ

ɂɡɪɚɛɨɬɟɬɟ ɨɬɜɨɪɢɬɟ ɜ ɫɴɨɬɜɟɬɫɬɜɢɟ ɫ ɩɨɫɨɱɟɧɢɬɟ ɧɚ ɩɨɫɥɟɞɧɚɬɚ

ɫɬɪɚɧɢɰɚɫɩɟɰɢɮɢɤɚɰɢɢɜɡɚɜɢɫɢɦɨɫɬɨɬɧɚɱɢɧɚɧɚɦɨɧɬɚɠ

ɍɩɪɚɜɥɟɧɢɟɧɚɨɬɩɚɞɴɰɢɬɟɢɡɚɳɢɬɚɧɚ

ɨɤɨɥɧɚɬɚɫɪɟɞɚ

 :((( ɬɪɹɛɜɚ ɞɚ ɛɴɞɚɬ ɩɪɟɞɚɜɚɧɢ ɜ ɫɴɨɬɜɟɬɧɬɢɟ ɫɴɛɢɪɚɬɟɥɧɢ

ɩɭɧɤɬɨɜɟɭɩɪɚɜɥɹɜɚɧɢɨɬɨɛɳɢɧɚɬɚɢɥɢɪɟɝɢɫɬɪɢɪɚɧɢɤɨɦɩɚɧɢɢȼ

ɦɧɨɝɨɞɴɪɠɚɜɢɡɚɝɨɥɟɦɢ:(((ɦɨɠɟɞɚɫɟɩɪɟɞɥɚɝɚɫɴɛɢɪɚɧɟɨɬ

ɞɨɦɨɜɟɬɟ

Ɉɬɞɟɥɧɢɬɟɢɧɞɢɜɢɞɢɦɨɝɚɬɞɨɨɤɚɠɚɬɜɚɠɧɚɪɨɥɹɨɫɢɝɭɪɹɜɚɣɤɢɱɟ

:(((ɧɹɦɚɞɚɫɬɚɧɚɬɩɪɨɛɥɟɦɡɚɨɤɨɥɧɚɬɚɫɪɟɞɚɜɚɠɧɨɟɞɚɛɴɞɚɬ

ɫɥɟɞɜɚɧɢɧɹɤɨɢɨɫɧɨɜɧɢɩɪɚɜɢɥɚ

Ʉɨɝɚɬɨ ɟ ɜɴɡɦɨɠɧɨ ɢɡɛɹɝɜɚɣɬɟ ɩɪɟɞɜɚɪɢɬɟɥɧɨɬɨ ɡɚɝɪɹɜɚɧɟ ɧɚ

ɮɭɪɧɚɬɚ ɉɨ ɜɪɟɦɟ ɧɚ ɝɨɬɜɟɧɟ ɨɬɜɚɪɹɣɬɟ ɜɪɚɬɚɬɚ ɧɚ ɮɭɪɧɚɬɚ

ɜɴɡɦɨɠɧɨɧɚɣɦɚɥɤɨɡɚɳɨɬɨɩɪɢɜɫɹɤɨɨɬɜɚɪɹɧɟɫɟɝɭɛɢɬɨɩɥɢɧɚɁɚ

ɡɧɚɱɢɬɟɥɧɚɢɤɨɧɨɦɢɹɧɚɟɧɟɪɝɢɹɢɡɤɥɸɱɟɬɟɮɭɪɧɚɬɚ±ɦɢɧɭɬɢ

ɩɪɟɞɢ ɩɥɚɧɢɪɚɧɢɹɬ ɤɪɚɣ ɧɚ ɜɪɟɦɟɬɨ ɡɚ ɝɨɬɜɟɧɟ ɢ ɢɡɩɨɥɡɜɚɣɬɟ

ɨɫɬɚɬɴɱɧɚɬɚɬɨɩɥɢɧɚɤɨɹɬɨɮɭɪɧɚɬɚɩɪɨɞɴɥɠɚɜɚɞɚɝɟɧɟɪɢɪɚɁɚɞɚ

ɢɡɛɟɝɧɟɬɟ ɡɚɝɭɛɚ ɧɚ ɬɨɩɥɢɧɚ ɩɨɞɞɴɪɠɚɣɬɟ ɱɢɫɬɢ ɢ ɜ ɪɟɞ

ɭɩɥɴɬɧɟɧɢɹɬɚ ɧɚ ɮɭɪɧɚɬɚ Ⱥɤɨ ɢɦɚɬɟ ɪɚɡɥɢɱɧɢ ɬɚɪɢɮɢ ɡɚ

ɟɥɟɤɬɪɢɱɟɫɤɚɬɚ ɟɧɟɪɝɢɹ ɢɡɩɨɥɡɜɚɣɬɟ ɨɬɥɨɠɟɧɢɹɬ ɫɬɚɪɬ ɡɚ ɞɚ

ɫɬɚɪɬɢɪɚɬɟɝɨɬɜɟɧɟɬɨɧɚɩɨɧɢɫɤɚɬɚɬɚɪɢɮɚ

Ɍɨɡɢ ɭɪɟɞ ɟ ɦɚɪɤɢɪɚɧ ɫɴɝɥɚɫɧɨ ɟɜɪɨɩɟɣɫɤɚ Ⱦɢɪɟɤɬɢɜɚ

(ɈɡɚɈɬɩɚɞɴɰɢɨɬɟɥɟɤɬɪɢɱɟɫɤɨɢɟɥɟɤɬɪɨɧɧɨ

ɨɛɨɪɭɞɜɚɧɟ :((( :((( ɫɴɞɴɪɠɚ ɟɞɧɨɜɪɟɦɟɧɧɨ

ɡɚɦɴɪɫɹɜɚɳɢ ɫɭɛɫɬɚɧɰɢɢ ɤɨɢɬɨ ɦɨɝɚɬ ɞɚ ɨɤɚɠɚɬ

ɨɬɪɢɰɚɬɟɥɧɨ ɜɴɡɞɟɣɫɬɜɢɟ ɜɴɪɯɭ ɨɤɨɥɧɚɬɚ ɫɪɟɞɚ ɢ

ɨɫɧɨɜɧɢ ɤɨɦɩɨɧɟɧɬɢ ɤɨɢɬɨ ɦɨɝɚɬ ɞɚ ɫɟ ɢɡɩɨɥɡɜɚɬ

ɩɨɜɬɨɪɧɨ ȼɚɠɧɨ ɟ :((( ɞɚ ɛɴɞɚɬ ɨɛɪɚɛɨɬɟɧɢ ɩɨ

ɫɩɟɰɢɮɢɱɧɢ ɧɚɱɢɧɢ ɫ ɨɝɪɥɟɞ ɩɪɚɜɢɥɧɨɬɨ ɨɬɫɬɪɚɧɹɜɚɧɟ ɢ

ɢɡɯɜɴɪɥɹɧɟɬɨɧɚɜɫɢɱɤɢɡɚɦɴɪɫɢɬɟɥɢɢɜɴɡɜɪɴɳɚɧɟɬɨɢɪɟɰɢɤɥɢɪɚɧɟ

ɧɚɜɫɢɱɤɢɦɚɬɟɪɢɚɥɢ

:(((ɧɟɬɪɹɛɜɚɞɚɛɴɞɚɬɬɪɟɬɢɪɚɧɢɤɚɬɨɞɨɦɚɤɢɧɫɤɢɨɬɩɚɞɴɰɢ

ɋɉȿɋɌəȼȺɇȿɇȺȿɇȿɊȽɂəɂɈɉȺɁȼȺɇȿɇȺɈɄɈɅɇȺɌȺɋɊȿȾȺ

 ɤɨɝɚɬɨ ɤɭɩɭɜɚɬɟ ɧɨɜ ɭɪɟɞ ɫɬɚɪɢɹɬ ɦɨɠɟ ɞɚ ɛɴɞɟ ɜɴɪɧɚɬ ɧɚ

ɬɴɪɝɨɜɟɰɚɤɨɣɬɨɞɚɝɨɩɪɢɛɟɪɟɬɟɛɟɡɩɥɚɬɧɨɧɚɛɚɡɚɟɞɧɨɤɴɦɟɞɧɨ

ɞɨɤɚɬɨ ɨɛɨɪɭɞɜɚɧɟɬɨ ɟ ɨɬ ɫɴɳɢɹ ɬɢɩ ɢɦɚ ɫɴɳɢɬɟ ɮɭɧɤɰɢɢ ɤɚɬɨ

ɞɨɫɬɚɜɟɧɨɬɨɨɛɨɪɭɞɜɚɧɟ

%*

Ⱦɟɤɥɚɪɚɰɢɹɡɚɫɴɨɬɜɟɬɫɬɜɢɟ

ɋɥɟɞ ɤɚɬɨ ɪɚɡɨɩɚɤɨɜɚɬɟ ɮɭɪɧɚɬɚ ɭɜɟɪɟɬɟ ɫɟ ɱɟ ɬɹ ɧɟ ɟ ɛɢɥɚ

ɩɨɜɪɟɞɟɧɚ ɩɨ ɧɹɤɚɤɴɜ ɧɚɱɢɧ Ⱥɤɨ ɢɦɚɬɟ ɧɹɤɚɤɜɢ ɫɴɦɧɟɧɢɹ  ɧɟ ɹ

ɢɡɩɨɥɡɜɚɣɬɟ ɫɜɴɪɠɟɬɟ ɫɟ ɫ ɤɜɚɥɢɮɢɰɢɪɚɧ ɱɨɜɟɤ ɋɴɯɪɚɧɹɜɚɣɬɟ

ɨɩɚɤɨɜɴɱɧɢɬɟɦɚɬɟɪɢɚɥɢɤɚɬɨɧɚɣɥɨɧɨɜɢɬɨɪɛɢɱɤɢɩɨɥɢɫɬɢɪɨɥɢɥɢ

ɩɢɪɨɧɢɢɡɜɴɧɨɛɫɟɝɚɧɚɞɟɰɚɡɚɳɨɬɨɬɟɫɚɨɩɚɫɧɢɡɚɬɹɯ

ɉɨɫɬɚɜɹɣɤɢ ɢɦɚɪɤɢɪɚɣɤɢɬɨɡɢɩɪɨɞɭɤɬɧɢɟɞɟɤɥɚɪɢɪɚɦɟɧɚ

ɧɚɲɚ ɨɬɝɨɜɨɪɧɨɫɬ ɱɟ ɬɨɣ ɟ ɜ ɫɴɨɬɜɟɫɬɜɢɟɫɴɫ ɜɫɢɱɤɢ ȿɜɪɨɩɟɣɫɤɢ

ɢɡɢɫɤɜɚɧɢɹɡɚɛɟɡɨɩɚɫɬɧɨɫɬɡɞɪɚɜɧɢɢɟɤɨɥɨɝɢɱɧɢɧɨɪɦɢ

Ɉɩɢɫɚɧɢɟɧɚɩɪɨɞɭɤɬɚ

Ɉɛɳɢɡɝɥɟɞ

ɉɚɧɟɥɡɚɭɩɪɚɜɥɟɧɢɟ

ȼɨɞɚɱɢɫɬɪɚɧɢɱɧɚɦɟɬɚɥɧɚɪɟɲɟɬɤɚɚɤɨɟɜɤɥɸɱɟɧɚ

Ɇɟɬɚɥɧɚɫɤɚɪɚ

Ɍɚɜɚɡɚɦɚɡɧɢɧɢ

ȼɟɧɬɢɥɚɬɨɪɡɚɞɦɟɬɚɥɧɚɬɚɩɥɨɱɚ

ȼɪɚɬɚɧɚɮɭɪɧɚɬɚ

ɉɪɢɫɩɨɫɨɛɥɟɧɢɹ

ɉɴɪɜɚɭɩɨɬɪɟɛɚ

ɉɊȿȾȼȺɊɂɌȿɅɇɈɉɈɑɂɋɌȼȺɇȿ

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ɩɪɢɫɩɨɫɨɛɥɟɧɢɹɢɡɚɛɴɪɲɟɬɟɜɴɬɪɟɲɧɨɫɬɬɚɧɚɮɭɪɧɚɬɚɫɪɚɡɬɜɨɪɧɚɬɨɩɥɚɜɨɞɚɢɩɪɟɩɚɪɚɬɡɚɦɢɟɧɟȼɤɥɸɱɟɬɟɮɭɪɧɚɬɚɧɚɦɚɤɫɢɦɚɥɧɚ

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ɫɬɪɚɧɢɱɧɢɬɟɬɟɥɟɧɢɦɪɟɠɢ

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Ʉɚɤɞɚɢɡɤɥɸɱɢɬɟ

Ʉɚɤɜɨɩɪɚɜɢ

Ɂɚɤɚɤɜɨɫɟɢɡɩɨɥɡɜɚ

Ɂɚɤɥɸɱɜɚɧɟ

Ɍɚɣɦɟɪ

ȼɪɟɦɟɡɚ

ɝɨɬɜɟɧɟ

Ʉɪɚɣɧɚ

ɝɨɬɜɟɧɟɬɨ

ɛɭɬɨɧɩɴɬ

ɇɚɬɢɫɧɟɬɟɛɭɬɨɧɢ

ɡɚɞɚɢɡɛɟɪɟɬɟɜɪɟɦɟ

ɨɫɜɨɛɨɞɟɬɟɜɫɢɱɤɢɛɭɬɨɧɢ

ɇɚɬɢɫɧɟɬɟɰɟɧɬɪɚɥɧɢɹ

ɉɨɜɪɟɦɟɧɚɪɚɛɨɬɚ

Ⱥɥɚɪɦɚɜɤɪɚɹɧɚɜɪɟɦɟɬɨ

ɫɟɩɨɤɚɡɜɚɨɫɬɜɪɟɦɟ

ɉɨɡɜɨɥɹɜɚɞɚɢɡɩɨɥɡɜɚɬɟ

ɮɭɪɧɚɬɚɤɚɬɨɚɥɚɪɦɟɧ

ɢɡɤɥɸɱɟɧɚɮɭɪɧɚ

ɱɚɫɨɜɧɢɤɩɪɢɜɤɥɸɱɟɧɚɢ

ɇɚɬɢɫɧɟɬɟɰɟɧɬɪɚɥɧɢɹɛɭɬɨɧ

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ɡɚɞɚɢɡɛɟɪɟɬɟ

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ɂɡɛɟɪɟɬɟɮɭɧɤɰɢɹɫɴɫ

ɨɫɜɨɛɨɞɟɬɟɜɫɢɱɤɢɛɭɬɨɧɢ

ɇɚɬɢɫɧɟɬɟɧɹɤɨɣɛɭɬɨɧ

ɡɚɞɚɫɩɪɟɬɟɫɢɝɧɚɥɚ

ɇɚɬɢɫɧɟɬɟɰɟɧɬɪɚɥɧɢɹɛɭɬɨɧ

ɡɚɞɚɫɟɜɴɪɧɟɬɟɞɨ

ɱɚɫɨɜɧɢɤɚ

ɮɭɪɧɚɬɚɩɨɫɬɚɜɟɬɟ

ɫɟɥɟɤɬɨɪɚɜɩɨɡɢɰɢɹ2

ȼɡɚɞɚɞɟɧɨɬɨɜɪɟɦɟ

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Ɂɚɞɚɢɡɤɥɸɱɢɬɟɪɴɱɧɨ

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ɤɪɚɹɧɚɜɪɟɦɟɬɨɡɚɝɨɬɜɟɧɟ

Ɂɚɞɚɩɪɨɜɟɪɢɬɟ

ɩɪɟɞɜɚɪɢɬɟɥɧɨ

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ɧɚɬɢɫɧɟɬɟ

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Ɉɩɢɫɚɧɢɟɧɚɞɢɫɩɥɟɹ

Ʉɪɚɣɧɚɝɨɬɜɟɧɟɬɨ

Ɍɚɣɦɟɪ

ɇɚɫɬɪɨɣɤɚɧɚɱɚɫɨɜɧɢɤɚ

ɉɪɨɞɴɥɠɢɬɟɥɧɨɫɬɧɚɝɨɬɜɟɧɟɬɨ

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Ʉɨɩɱɟɡɚɪɟɝɭɥɢɪɚɧɟɧɚɬɟɪɦɨɫɬɚɬɚ

Ɉɫɜɨɛɨɞɟɬɟɜɫɢɱɤɢɛɭɬɨɧɢ

ȼɇɂɆȺɇɂȿɩɴɪɜɚɬɚɨɩɟɪɚɰɢɹɡɚɢɡɜɴɪɲɜɚɧɟɫɥɟɞɤɚɬɨɮɭɪɧɚɬɚɟɛɢɥɚ

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ɨɬɦɢɝɚɧɟɬɨɧɚɞɢɫɩɥɟɹ ɟɡɚɞɚɜɚɧɟɬɨɧɚɩɪɚɜɢɥɧɨɬɨɜɪɟɦɟɌɨɜɚɫɟ

ɩɨɫɬɢɝɚɤɚɤɬɨɫɥɟɞɜɚ

ȼɇɂɆȺɇɂȿɎɭɪɧɚɬɚɳɟɪɚɛɨɬɢɫɚɦɨɩɪɢɭɫɥɨɜɢɟɱɟɱɚɫɨɜɧɢɤɴɬɟɧɚɫɬɪɨɟɧ

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ɧɚɝɪɹɜɚɧɟɫɚɧɭɠɧɢɡɚɞɚɡɚɝɪɟɟɬɟɞɨɛɪɟɟɥɟɦɟɧɬɢɬɟɂɞɟɚɥɟɧɡɚɤɟɛɚɩȻɟɥɢɬɟɦɟɫɚɬɪɹɛɜɚɞɚɫɟɞɴɪɠɚɬ

ɧɚɞɢɫɬɚɧɰɢɹɨɬɝɪɢɥɚȼɪɟɦɟɬɨɡɚɝɨɬɜɟɧɟɟɩɨɞɴɥɝɨɧɨɦɟɫɨɬɨɟɩɨɜɤɭɫɧɨɆɨɠɟɬɟɞɚɫɥɚɝɚɬɟɱɟɪɜɟɧɢɬɟ

ɦɟɫɚɢɪɢɛɚɧɚɪɚɮɬɚɫɬɚɜɢɱɤɚɬɚɡɚɦɚɡɧɢɧɢɨɬɞɨɥɭ

Ƚɨɪɟɧɧɚɝɪɟɜɚɬɟɥɜɟɧɬɢɥɚɬɨɪɡɚɰɢɪɤɭɥɢɪɚɧɟɧɚɜɴɡɞɭɯɚɜɴɜɮɭɪɧɚɬɚɉɪɟɞɜɚɪɢɬɟɥɧɨɧɚɝɪɹɜɚɧɟɟɧɭɠɧɨ

ɫɚɦɨɡɚɱɟɪɜɟɧɢɦɟɫɚɉɨɫɬɚɜɟɬɟɯɪɚɧɚɬɚɧɚɪɚɮɬɚɧɚɫɪɟɞɧɨɬɨɧɢɜɨɋɥɨɠɟɬɟɨɬɞɨɥɭɬɚɜɢɱɤɚɬɚɡɚɦɚɡɧɢɧɢ

 ɡɚ ɞɚ ɫɴɛɟɪɟ ɨɬɞɟɥHɧɢɬɟ ɫɨɤɨɜɟ ɍɜɟɪɟɬɟɫɟ ɱɟ ɯɪɚɧɚɬɚɧɟ ɟ ɩɪɟɤɚɥɟɧɨ ɛɥɢɡɨ ɞɨ ɝɪɢɥɚ ɉɨ ɫɪɟɞɚɬɚɧɚ

ɝɨɬɜɟɧɟɬɨɨɛɴɪɧɟɬɟɯɪɚɧɚɬɚ

Ƚɪɢɥɫɜɟɧɬɢɥɚɬɨɪɂɡɩɨɥɡɜɚɣɬɟɬɭɪɛɨɝɪɢɥɫɴɫɡɚɬɜɨɪɟɧɚɜɪɚɬɚ

Ƚɨɬɜɟɧɟɧɚ ɜɟɧɬɢɥɚɬɨɪɂɡɩɨɥɡɜɚɬɫɟ ɞɨɥɟɧɢɝɨɪɟɧɧɚɝɪɟɜɚɬɟɥɢɡɚɟɞɧɨɫɜɟɧɬɢɥɚɬɨɪɚɤɨɣɬɨɰɢɪɤɭɥɢɪɚ

ɜɴɡɞɭɯɚɜɴɬɪɟɜɴɜɮɭɪɧɚɬɚɉɪɟɩɨɪɴɱɜɚɫɟɡɚɡɟɥɟɧɱɭɰɢɪɢɛɚɢɞɪɌɨɩɥɢɧɚɬɚɧɚɜɥɢɡɚɜɯɪɚɧɚɩɨɞɨɛɪɟɢ

ɜɪɟɦɟɧɚɬɚ ɡɚ ɩɪɟɬɨɩɥɹɧɟ ɢ ɝɨɬɜɟɧɟ ɫɟ ɧɚɦɚɥɹɜɚɬ Ɇɨɠɟɬɟ ɞɚ ɩɪɢɝɨɬɜɹɬɟ ɪɚɡɥɢɱɧɢ ɯɪɚɧɢ ɟɞɧɨɜɪɟɦɟɧɧɨ

ɌɨɡɢɦɟɬɨɞɞɚɜɚɦɧɨɝɨɞɨɛɪɚɞɢɫɬɪɢɛɭɰɢɹɧɚɬɨɩɥɢɧɚɬɚɢɦɢɪɢɡɦɢɬɟɧɟɫɟɫɦɟɫɜɚɬɆɨɠɟɞɚɨɫɬɚɜɢɬɟɨɤɨɥɨ

ɦɢɧɩɨɜɟɱɟɤɨɝɚɬɨɝɨɬɜɢɬɟɩɨɜɟɱɟɨɬɹɫɬɢɟ

ɇɚɬɭɪɚɥɧɚ ɤɨɧɜɟɤɰɢɹ   ɫɟ ɞɨɥɟɧ ɢ ɝɨɪɟɧ ɧɚɝɪɟɜɚɬɟɥɢ ɋɬɚɧɞɚɪɬɧɚ ɮɨɪɦɚ ɧɚ ɩɟɱɟɧɟ ɂɞɟɚɥɧɚ ɡɚɂɡɩɨɥɡɜɚɬ

ɩɟɱɟɧɟɧɚɦɟɫɨɩɟɱɟɧɟɧɚɛɢɫɤɜɢɬɢɉɪɚɜɢɯɪɚɧɚɬɚɜɤɭɫɧɚɢɯɪɭɩɤɚɜɚ

Ɍɨɜɚɳɟɚɤɬɢɜɢɪɚɚɜɬɨɦɚɬɢɱɧɨɜɟɧɬɢɥɚɬɨɪɚɡɚɨɯɥɚɠɞɚɧɟɫɚɦɨɩɪɢɦɨɞɟɥɢɤɨɢɬɨɝɨɢɦɚɬ

ȼɤɥɸɱɜɚɨɫɜɟɬɥɟɧɢɟɬɨɧɚɮɭɪɧɚɬɚ

ȼɟɧɬɢɥɚɬɨɪɢɞɨɥɟɧɧɚɝɪɟɜɚɬɟɥɂɞɟɚɥɧɚɡɚɞɟɥɢɤɚɬɧɢɹɫɬɢɹɩɚɣɨɜɟɫɭɮɥɟɬɚ



Ɍɟɪɦɨɫɬɚɬ

ɫɟɥɟɤɬɨɪ

ɉɢɰɚ Ɍɚɡɢɮɭɧɤɰɢɹ ɨɫɢɝɭɪɹɜɚɢɞɟɚɥɧɢ ɭɫɥɨɜɢɹ ɡɚ ɹɫɬɢɹ ɤɚɬɨɩɢɰɚ ɢ ɮɨɤɚɱɚɱɪɟɡɰɭɪɤɭɥɢɪɚɧɟɧɚ ɝɨɪɟɳ

ɜɴɡɞɭɯɜɴɜɮɭɪɧɚɬɚ

ȽɊɂɅɋȼȿɇɌɂɅȺɌɈɊɉȺɊȺɂɡɩɨɥɡɜɚɣɤɢɜɟɧɬɢɥɚɰɢɹɬɚɢɝɨɪɧɢɹɪɟɨɬɚɧɟɞɧɨɜɪɟɦɟɧɧɨɫɟɩɟɤɚɬ

ɩɟɪɮɟɤɬɧɨɝɨɥɟɦɢɪɚɡɮɚɫɨɜɤɢɌɨɜɚɟɪɟɠɢɦɩɨɞɯɨɞɹɳɩɪɟɞɢɜɫɢɱɤɨɡɚɩɪɟɩɢɱɚɧɟɧɚɯɪɭɩɤɚɜɢɹɫɬɢɹ

ɤɚɬɨɦɟɫɨɩɢɥɟɲɤɨɢɥɢɪɢɛɚ

ȽɊɂɅɉȺɊȺȽɟɧɟɪɢɪɚɧɚɬɚɬɨɩɥɢɧɚɨɬɫɢɫɬɟɦɚɬɚɡɚɝɨɪɧɨɧɚɝɪɹɜɚɧɟɢɨɬɬɨɩɥɚɬɚɚɪɚɫɟɩɪɟɩɨɪɴɱɜɚɡɚ

ɡɚɜɴɪɲɜɚɧɟɧɚɹɫɬɢɹɤɨɢɬɨɬɪɹɛɜɚɞɚɛɴɞɚɬɡɚɩɟɱɟɧɢɫɚɦɨɧɚɩɨɜɴɪɯɧɨɫɬɬɚɧɨɧɟɬɪɹɛɜɚɞɚɝɭɛɹɬ

ɫɜɨɹɬɚɟɥɚɫɬɢɱɧɨɫɬɢɫɨɱɧɨɫɬɆɨɠɟɫɴɳɨɬɚɤɚɞɚɫɟɢɡɩɨɥɡɜɚɬɚɦɤɴɞɟɬɨɢɦɚɧɭɠɞɚɧɟɡɚɛɚɜɧɨɞɚɫɟ

ɡɚɩɟɱɟ ɟɞɧɚ ɩɨɜɴɪɯɧɨɫɬ ɧɚ ɩɪɨɞɭɤɬɚ ɤɨɣɬɨ ɬɪɹɛɜɚ ɞɚ ɛɴɞɟ ɩɨɞɞɴɪɠɚɧɚ ɚɥɚɧɝɥɟ ɦɟɫɚ ɢɥɢ ɪɢɛɚ

ɫɟɪɜɢɪɚɧɢɫɭɪɨɜɢɜɫɴɪɰɟɜɢɧɚɬɚ

Ɍɨɡɢɪɟɠɢɦɟɩɨɞɯɨɞɹɳɡɚɩɟɱɟɧɟɧɚɦɧɨɝɨɥɢɫɬɧɢɬɟɫɬɚɫɥɚɞɤɢɲɢɫɧɚɛɭɯɜɚɬɟɥɢɯɥɹɛɢɩɢɰɚɩɟɱɟɧɢ

ɦɟɫɨɢɪɢɛɚ

ɉȿɑȿɇȿɇȺȼȿɇɌɂɅȺɌɈɊɉȺɊȺ Ɍɨɩɥɢɹɬɜɴɡɞɭɯɫɟɪɚɡɞɟɥɹɧɚɪɚɡɥɢɱɧɢɧɢɜɚɤɚɬɨɩɪɚɜɢɬɚɡɢ

ɮɭɧɤɰɢɹɢɞɟɚɥɧɚ ɡɚ ɩɟɱɟɧɟ ɧɚ ɪɚɡɥɢɱɧɢɜɢɞɨɜɟ ɯɪɚɧɢɬɟɥɧɢɩɪɨɞɭɤɬɢ ɟɞɧɨɜɪɟɦɟɧɧɨɛɟɡɧɢɤɨɝɚɞɚ

ɫɦɟɫɜɚ ɜɤɭɫɨɜɟ ɢ ɚɪɨɦɚɬɢ ɇɚɬɢɫɤɚɣɤɢ ɛɭɬɨɧɚ ɉȺɊȺ ɨɩɰɢɹɬɚ ɧɚ ɩɚɪɚ ɪɚɛɨɬɢ ɟ ɯɚɪɦɨɧɢɹ ɫ

ɬɪɚɞɢɰɢɨɧɧɚɬɚɬɨɩɥɢɧɚɤɚɬɨɝɚɪɚɧɬɢɪɚɧɚɜɚɲɢɬɟɹɫɬɢɹɦɚɤɫɢɦɚɥɟɧɜɤɭɫɟɞɧɨɩɟɪɮɟɤɬɧɨɜɬɚɫɜɚɧɟɢ

ɩɨɞɨɛɪɚɤɨɧɫɢɫɬɟɧɰɢɹ

·0$;

$48$&7,9$ɮɭɧɤɰɢɹ

ɉɪɨɰɟɞɭɪɚɬɚɩɨ$TXDFWLYDɢɡɩɨɥɡɜɚɩɚɪɚɡɚɞɚɫɟɩɨɞɩɨɦɨɝɧɟ

ɩɪɟɦɚɯɜɚɧɟɬɨɧɚɦɚɡɧɢɧɢɢɯɪɚɧɢɬɟɥɧɢɱɚɫɬɢɰɢɨɬɮɭɪɧɚɬɚ

ɂɡɥɟɣɬɟɦɥɜɨɞɚɜɤɨɧɬɟɣɧɟɪɚɡɚ$TXDFWLYDɧɚɞɴɧɨɬɨɧɚ

ɮɭɪɧɚɬɚ

Ɂɚɞɚɣɬɟɮɭɧɤɰɢɹɬɚ6WDWLF ɢɥɢȼɨɣɨɬ ɧɚɝɪɹɜɚɧɟ

Ʉɨɝɚɬɨɭɪɟɞɴɬɟɢɫɬɢɧɚɥɩɨɱɢɫɬɟɬɟɜɴɬɪɟɲɧɢɬɟɩɨɜɴɪɯɧɨɫɬɢ

ɧɚɮɭɪɧɚɬɚɫɤɴɪɩɚ

ɋɥɟɞ  ɦɢɧɭɬɢ ɢɡɤɥɸɱɟɬɟ ɩɪɨɝɪɚɦɚɬɚ ɢ ɞɚ ɩɨɡɜɨɥɢ ɧɚ

ɮɭɪɧɚɬɚɞɚɫɟɨɯɥɚɞɢ

Ɉɫɬɚɜɟɬɟɩɪɨɝɪɚɦɚɬɚɞɚɪɚɛɨɬɢɜɩɪɨɞɴɥɠɟɧɢɟɧɚɦɢɧɭɬɢ

ɇɚɫɬɪɨɣɬɟɬɟɦɩɟɪɚɬɭɪɚɬɚ$TXDFWLYDLFRQ

ɉɪɟɞɭɩɪɟɠɞɟɧɢɟɍɜɟɪɟɬɟɫɟɱɟɭɪɟɞɴɬɟɢɫɬɢɧɚɥɩɪɟɞɢɞɚɝɨ

ɞɨɤɨɫɧɟɬɟɌɪɹɛɜɚɞɚɫɟɜɧɢɦɚɜɚɫɜɫɢɱɤɢɝɨɪɟɳɢɩɨɜɴɪɯɧɨɫɬɢ

ɬɴɣɤɚɬɨɫɴɳɟɫɬɜɭɜɚɪɢɫɤɨɬɢɡɝɚɪɹɧɟɂɡɩɨɥɡɜɚɣɬɟɞɟɫɬɢɥɢɪɚɧɚ

ɢɥɢɩɢɬɟɣɧɚɜɨɞɚ

Ɉɬɜɨɪɟɬɟɩɪɟɞɧɢɹɩɪɨɡɨɪɟɰ

Ɉɬɜɨɪɟɬɟ ɫɤɨɛɢɬɟ ɧɚ ɤɭɬɢɢɬɟ ɧɚ ɩɚɧɬɢɬɟ ɨɬ ɞɹɫɧɚɬɚ ɢ

ɥɹɜɚɬɚɫɬɪɚɧɚɧɚɩɪɟɞɧɢɹɩɪɨɡɨɪɟɰɤɚɬɨɝɨɧɚɬɢɫɧɟɬɟɧɚɞɨɥɭ

Ɂɚ ɞɚ ɩɨɫɬɚɜɢɬɟ ɩɪɨɡɨɪɟɰɚ ɨɛɪɚɬɧɨ ɢɡɩɴɥɧɟɬɟ

ɩɪɨɰɟɞɭɪɚɬɚɜɨɛɪɚɬɟɧɪɟɞ

ɋȼȺɅəɇȿɇȺɉɊɈɁɈɊȿɐȺɇȺɎɍɊɇȺɌȺ

ɉɨɞɞɪɴɠɤɚ

%*

PO

ɂɡɩɨɥɡɜɚɧɟɧɚɮɭɧɤɰɢɹɬɚɡɚɩɚɪɚ

Ɉɬɜɨɪɟɬɟ ɜɧɢɦɚɬɟɥɧɨ ɜɪɚɬɚɬɚ ɧɚ ɮɭɪɧɚɬɚ ɡɚ ɞɚ ɢɡɛɟɝɧɟɬɟ

ɧɚɪɚɧɹɜɚɧɢɹɫɥɟɞɤɚɬɨɢɡɩɨɥɡɜɚɬɟɮɭɧɤɰɢɹɡɚɝɨɬɜɟɧɟɫɩɚɪɚ

Ɏɭɧɤɰɢɹɬɚ ɡɚ ɩɚɪɚ ɩɨɡɜɨɥɹɜɚ ɩɨɞɨɛɪɚ ɝɴɜɤɚɜɨɫɬ ɩɨ ɜɪɟɦɟ ɧɚ

ɰɢɤɴɥɚɧɚɝɨɬɜɟɧɟɉɪɟɩɨɪɴɱɜɚɫɟɪɟɞɭɜɚɧɟɧɚɝɨɬɜɟɧɟɧɚɩɚɪɚɫ

ɬɪɚɞɢɰɢɨɧɧɨɝɨɬɜɟɧɟ

ɂɡɱɚɤɚɣɬɟɩɟɬɦɢɧɭɬɢɡɚɩɨɞɝɪɹɜɚɧɟɋɥɟɞɬɨɜɚɧɚɬɢɫɧɟɬɟɛɭɬɨɧɚ

ɡɚɩɚɪɚɬɚȻɭɬɨɧɴɬɡɚɩɚɪɧɚɩɟɳɪɚɛɨɬɢɫɮɭɧɤɰɢɹɬɚ

ɉɊȿȾɍɉɊȿɀȾȿɇɂȿɈɩɚɫɧɨɫɬɨɬɢɡɝɚɪɹɧɟɢɩɨɜɪɟɞɚɧɚɭɪɟɞɚ

Ɉɫɜɨɛɨɞɟɧɚɬɚɩɚɪɚɦɨɠɟɞɚɩɪɢɱɢɧɢɢɡɝɚɪɹɧɢɹ

Ɉɬɜɨɪɟɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚ

ɇɚɩɴɥɧɟɬɟɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚɫɩɨɦɨɳɬɚɧɚɦɚɤɫPOɜɨɞɚ

Ɂɚɩɴɥɧɟɬɟ ɞɴɧɨɬɨ ɧɚ ɤɭɯɢɧɚɬɚ ɫ ɜɨɞɚ ɫɚɦɨ ɤɨɝɚɬɨ ɮɭɪɧɚɬɚ ɟ

ɫɬɭɞɟɧɚ

ɉɨɫɬɚɜɟɬɟɯɪɚɧɚɜɭɪɟɞɚɢɡɚɬɜɨɪɟɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚ

Ɂɚɞɚɣɬɟɮɭɧɤɰɢɹɬɚɤɨɹɬɨɩɪɟɞɩɨɱɢɬɚɬɟɞɚɝɨɬɜɢɬɟɫɩɚɪɚ

 Ɂɚɜɴɪɬɟɬɟ ɤɨɩɱɟɬɨ ɡɚ ɬɟɦɩɟɪɚɬɭɪɚɬɚ ɡɚ ɞɚ ɢɡɛɟɪɟɬɟ

ɬɟɦɩɟɪɚɬɭɪɚ

ȼɇɂɆȺɇɂȿɇɟɡɚɪɟɠɞɚɣɬɟɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚɫɜɨɞɚɩɨɜɪɟɦɟɧɚ

ɝɨɬɜɟɧɟɢɥɢɤɨɝɚɬɨɮɭɪɧɚɬɚɟɝɨɪɟɳɚ

 ɂɡɜɚɞɟɬɟ ɜɨɞɚɬɚ ɨɬ ɞɴɧɨɬɨ ɧɚ ɤɭɯɢɧɚɬɚ ɉɨɱɢɫɬɟɬɟ ɭɥɟɹ ɡɚ

ɨɬɬɢɱɚɧɟɧɚɤɚɩɤɢɫɥɟɞɜɫɟɤɢɰɢɤɴɥɧɚɝɨɬɜɟɧɟɆɨɥɹɜɢɠɬɟɝɥɚɜɚ

ɡɚɢɧɫɬɪɭɤɰɢɢɡɚɩɨɱɢɫɬɜɚɧɟ

 Ɂɚ ɞɚ ɢɡɤɥɸɱɢɬɟ ɭɪɟɞɚ ɩɪɟɜɤɥɸɱɟɬɟ ɤɨɩɱɟɬɨ ɡɚ ɮɭɧɤɰɢɹ ɢ

ɬɟɦɩɟɪɚɬɭɪɚɜɧɭɥɟɜɢɩɨɡɢɰɢɢ

ɉɨɱɢɫɬɟɬɟɫɬɪɚɧɢɱɧɢɬɟɫɬɟɥɚɠɢɜɫɴɞɨɦɢɹɥɧɚɦɚɲɢɧɚɢɥɢɫ

ɦɨɤɪɚɝɴɛɚɫɥɟɞɤɨɟɬɨɝɢɢɡɫɭɲɟɬɟɧɟɡɚɛɚɜɧɨ

Ɉɬɫɬɪɚɧɟɬɟɫɬɪɚɧɢɱɧɢɬɟɫɬɟɥɚɠɢɤɚɬɨɝɢɢɡɞɴɪɩɚɬɟɤɴɦɜɚɫ

ɋɥɟɞɤɚɬɨɩɨɱɢɫɬɟɬɟɫɬɪɚɧɢɱɧɢɬɟɫɬɟɥɚɠɢɝɢɩɨɫɬɚɜɟɬɟɨɬɧɨɜɨ

ɢɨɬɧɨɜɨɩɨɫɬɚɜɟɬɟɛɨɥɬɨɜɟɬɟɤɚɬɨɫɟɭɜɟɪɢɬɟɱɟɫɚɧɚɩɴɥɧɨ

ɡɚɬɟɝɧɚɬɢ

Ɋɚɡɜɢɣɬɟɛɨɥɬɚɜɩɨɫɨɤɚɨɛɪɚɬɧɚɧɚɱɚɫɨɜɧɢɤɨɜɚɬɚɫɬɪɟɥɤɚ

ɋɆəɇȺɂɉɈɑɂɋɌȼȺɇȿɇȺɋɌɊȺɇɂɌȿ

ɉɨɱɢɫɬɜɚɧɟɢɩɨɞɞɪɴɠɤɚɧɚɮɭɪɧɚɬɚ

Ɉɛɳɢɛɟɥɟɠɤɢɩɨɩɨɱɢɫɬɜɚɧɟɬɨ

ɉɪɟɩɨɪɴɱɢɬɟɥɧɨɟɞɚɩɨɱɢɫɬɜɚɬɟɫɬɴɤɥɟɧɢɹɩɪɨɡɨɪɟɰɫɩɨɩɢɜɚɳɚ

ɤɭɯɧɟɧɫɤɚɤɴɪɩɚɫɥɟɞɜɫɹɤɨɩɨɥɡɜɚɧɟɧɚɮɭɪɧɚɬɚɁɚɩɪɟɦɚɯɜɚɧɟ

ɧɚɩɨɭɩɨɪɢɬɢɩɟɬɧɚɦɨɠɟɬɟɞɚɢɡɩɨɥɡɜɚɬɟɧɚɩɨɟɧɚɫɩɪɟɩɚɪɚɬ

ɝɴɛɚɤɨɹɬɨɫɬɟɢɡɰɟɞɢɥɢɞɨɛɪɟɢɫɥɟɞɬɨɜɚɢɡɩɥɚɤɧɟɬɟɫɜɨɞɚ

ɉɨɞɫɭɲɟɬɟɫɦɟɤɚɤɴɪɩɚ

ɋɥɟɞɜɚɣɬɟɬɟɡɢɫɬɴɩɤɢɡɚɞɚɩɨɱɢɫɬɢɬɟɨɫɬɚɬɴɤɚɨɬɜɚɪɨɜɢɤɨɬ

ɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚ

ɀɢɡɧɟɧɢɹɬɰɢɤɴɥ ɧɚ ɬɨɡɢɭɪɟɞɦɨɠɟ ɞɚ ɛɴɞɟɭɞɴɥɠɟɧɤɚɬɨɝɨ

ɩɨɱɢɫɬɜɚɬɟ ɪɟɞɨɜɧɨ ɂɡɱɚɤɚɣɬɟ ɮɭɪɧɚɬɚ ɞɚ ɢɡɫɬɢɧɟ ɩɪɟɞɢ ɞɚ

ɢɡɜɴɪɲɜɚɬɟ ɪɴɱɧɢ ɞɟɣɧɨɫɬɢ ɩɨ ɩɨɱɢɫɬɜɚɧɟɬɨ ࣊ ɇɢɤɨɝɚ ɧɟ

ɢɡɩɨɥɡɜɚɣɬɟ ɚɛɪɚɡɢɜɧɢ ɩɪɟɩɚɪɚɬɢ ɬɟɥɟɧɢ ɱɟɬɤɢ ɢɥɢ ɨɫɬɪɢ

ɩɪɟɞɦɟɬɢɡɚɩɨɱɢɫɬɜɚɬɟɡɚɞɚɢɡɛɟɝɧɟɬɟɧɟɩɨɩɪɚɜɢɦɨɭɜɪɟɠɞɚɧɟ

ɧɚ ɟɦɚɣɥɢɪɚɧɢɬɟ ɱɚɫɬɢ ɂɡɩɨɥɡɜɚɣɬɟ ɫɚɦɨ ɜɨɞɚ ɫɚɩɭɧ ɢɥɢ

ɩɪɟɩɚɪɚɬɢɧɚɨɫɧɨɜɚɧɚɛɟɥɢɧɚɬɚɚɦɨɧɹɱɧɢ

ɂɡɫɢɩɟɬɟɦɥɛɹɥɨɰɟɬɜɞɴɧɨɬɨɧɚɤɭɯɢɧɚɬɚ

Ⱥɤɨ ɟɡɚɰɚɩɚɧɨ ɭɩɥɴɬɧɟɧɢɟɬɨɦɨɠɟ ɞɚ ɛɴɞɟ ɩɨɱɢɫɬɟɧɨɫɥɟɤɨ

ɧɚɜɥɚɠɧɟɧɚɝɴɛɚ

ɉɊɂɋɉɈɋɈȻɅȿɇɂə

ɉɨɱɢɫɬɜɚɣɬɟ ɩɪɢɫɩɨɫɨɛɥɟɧɢɹɬɚ ɫ ɦɨɤɪɚ ɧɚɫɚɩɭɧɢɫɚɧɚ ɝɴɛɚ

ɩɪɟɞɢɞɚɝɢɢɡɩɥɚɤɧɟɬɟɢɩɨɞɫɭɲɢɬɟɂɡɛɹɝɜɚɣɬɟɢɡɩɨɥɡɜɚɧɟɬɨɧɚ

ɚɛɪɚɡɢɜɧɢɩɪɟɩɚɪɚɬɢ

ɋɥɟɞɤɚɬɨɢɡɩɨɥɡɜɚɬɟɝɪɢɥɚɫɜɚɥɟɬɟɬɚɜɚɬɚɨɬɮɭɪɧɚɬɚɂɡɫɢɩɟɬɟ

ɝɨɪɟɳɚɬɚɦɚɡɧɢɧɚɜɤɨɧɬɟɣɧɟɪɢɢɡɦɢɣɬɟɬɚɜɚɬɚɫɝɨɪɟɳɚɜɨɞɚ

ɤɚɬɨɢɡɩɨɥɡɜɚɬɟɝɴɛɚɢɬɟɱɧɨɫɬɡɚɩɨɱɢɫɬɜɚɧɟ

Ⱥɤɨ ɨɫɬɚɧɚɬ ɦɚɡɧɢ ɨɫɬɚɬɴɰɢ ɩɨɬɨɩɟɬɟ ɬɚɜɚɬɚ ɜɴɜ ɜɨɞɚ ɢ

ɞɟɬɟɪɝɟɧɬȾɪɭɝɚɜɴɡɦɨɠɧɨɫɬɟɞɚɢɡɦɢɟɬɟɬɚɜɚɬɚɜɫɴɞɨɦɢɹɥɧɚɬɚ

ɦɚɲɢɧɚ ɢɥɢ ɞɚ ɢɡɩɨɥɡɜɚɬɟ ɨɛɢɤɧɨɜɟɧ ɞɟɬɟɪɝɟɧɬ ɇɢɤɨɝɚ ɧɟ

ɩɨɫɬɚɜɹɣɬɟɦɪɴɫɧɚɬɚɜɚɨɛɪɚɬɧɨɜɴɜɮɭɪɧɚɬɚ

ɋɌɔɄɅȿɇɂɑȺɋɌɂ

ɍɉɅɔɌɇȿɇɂȿɇȺɉɊɈɁɈɊȿɐȺɇȺɎɍɊɇȺɌȺ

ɌȺȼȺɁȺɈɌɌɂɑȺɇȿ

ɍɊȿȾɂ ɈɌ ɇȿɊɔɀȾȺȿɆȺ ɋɌɈɆȺɇȺ ɂɅɂ ȺɅɍɆɂɇɂȿȼɂ

ɍɊȿȾɂ

ɇɟ ɢɡɩɨɥɡɜɚɣɬɟ ɫɬɨɦɚɧɟɧɚ ɜɴɥɧɚ ɤɢɫɟɥɢɧɢ ɢɥɢ ɚɛɪɚɡɢɜɧɢ

ɦɚɬɟɪɢɚɥɢ ɬɴɣ ɤɚɬɨ ɬɟ ɦɨɝɚɬ ɞɚ ɩɨɜɪɟɞɹɬ ɩɨɜɴɪɯɧɨɫɬɬɚ ɧɚ

ɮɭɪɧɚɬɚ ɉɨɱɢɫɬɟɬɟ ɤɨɧɬɪɨɥɧɢɹ ɩɚɧɟɥ ɧɚ ɮɭɪɧɚɬɚ

ɩɪɟɞɩɪɢɟɦɚɣɤɢɫɴɳɢɬɟɩɪɟɞɩɚɡɧɢɦɟɪɤɢ

ɉɨɱɢɫɬɜɚɣɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚɫɚɦɨɫɜɥɚɠɧɚɤɴɪɩɚɢɥɢɝɴɛɚ

ɉɈɑɂɋɌȼȺɇȿɇȺȾɔɇɈɌɈɇȺɄɍɏɂɇȺɌȺ

ɉɪɟɩɨɪɴɱɜɚ ɫɟ ɩɨɱɢɫɬɜɚɧɟɬɨ ɧɚ ɞɴɧɨɬɨ ɧɚ ɤɭɯɢɧɚɬɚ ɫɥɟɞ 

ɰɢɤɴɥɚɧɚɝɨɬɜɟɧɟɫɩɚɪɚ

ɁȺȻȿɅȿɀɄȺȼɢɞɨɰɟɬ

ɂɡɱɚɤɚɣɬɟɦɢɧɭɬɢɩɪɢɫɬɚɣɧɚɬɟɦɩɟɪɚɬɭɪɚ

ɉɨɱɢɫɬɟɬɟɮɭɪɧɚɬɚɫɦɟɤɚɤɴɪɩɚɢɜɨɞɚ

/2:(





















ɂɡɜɚɞɟɬɟɫɬɴɤɥɨɬɨɤɚɬɨɜɧɢɦɚɬɟɥɧɨɝɨɢɡɞɴɪɩɚɬɟɨɬɜɪɚɬɚɬɚ

ɧɚ ɮɭɪɧɚɬɚ ɜɧɢɦɚɧɢɟ ɩɪɢ ɩɢɪɨɥɢɬɧɢɬɟ ɮɭɪɧɢ ɫɴɳɨ ɬɚɤɚ

ɫɜɚɥɟɬɟɢɜɬɨɪɨɬɨɢɬɪɟɬɨɬɨɫɬɴɤɥɨɚɤɨɢɦɚɬɚɤɢɜɚ

Ɂɚɤɥɸɱɟɬɟɩɚɧɬɢɬɟɪɚɡɜɢɣɬɟɜɢɧɬɨɜɟɬɟɢɫɜɚɥɟɬɟɝɨɪɧɢɹ

ɦɟɬɚɥɟɧɤɚɩɚɤɤɚɬɨɝɨɢɡɞɴɪɩɚɬɟɧɚɝɨɪɟ

Ɉɬɜɨɪɟɬɟɜɪɚɬɚɬɚɧɚɮɭɪɧɚɬɚ

ɋȼȺɅəɇȿɂɉɈɑɂɋɌȼȺɇȿɇȺɋɌɔɄɅȿɇȺɌȺȼɊȺɌȺ

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 Ʉɨɝɚɬɨ ɩɪɢɤɥɸɱɢɬɟ ɫ ɩɨɱɢɫɬɜɚɧɟɬɨ ɢɥɢ ɩɨɞɦɹɧɚɬɚ ɧɚ

ɫɬɴɤɥɨɬɨɫɝɥɨɛɟɬɟɜɨɛɪɚɬɟɧɪɟɞ

ɇɚɜɫɢɱɤɢɫɬɴɤɥɚɧɚɞɩɢɫɴɬ³3\UR´ɬɪɹɛɜɚɞɚɫɟɜɢɠɞɚɹɫɧɨɢɞɚɫɟ

ɧɚɦɢɪɚ ɜ ɥɹɜɚɬɚ ɱɚɫɬ ɧɚ ɜɪɚɬɚɬɚ ɛɥɢɡɨ ɞɨ ɥɹɜɚɬɚ ɫɬɪɚɧɢɱɧɚ

ɩɚɧɬɚ Ɍɚɤɚ ɩɟɱɚɬɧɢɹɬ ɟɬɢɤɟɬ ɜɴɪɯɭ ɩɴɪɜɨɬɨ ɫɬɴɤɥɨ ɳɟ ɛɴɞɟ

ɜɴɬɪɟɜɴɜɜɪɚɬɚɬɚ

ɋɥɟɞɤɚɬɨɩɨɞɦɟɧɢɬɟɢɡɝɨɪɹɥɚɬɚɤɪɭɲɤɚɩɨɫɬɚɜɟɬɟɨɛɪɚɬɧɨɫɬɴɤɥɟɧɢɹɤɚɩɚɤ

ɂɡɤɥɸɱɟɬɟɮɭɪɧɚɬɚɨɬɡɚɯɪɚɧɜɚɧɟɬɨ

ɋɜɚɥɟɬɟɫɬɴɤɥɟɧɢɹɤɚɩɚɤɪɚɡɜɢɣɬɟɤɪɭɲɤɚɬɚɢɹɩɨɞɦɟɧɟɬɟɫɧɨɜɚɨɬɫɴɳɢɹɬɢɩ

ɋɆəɇȺɇȺɄɊɍɒɄȺɌȺ

Ɉɬɫɬɪɚɧɹɜɚɧɟɧɚɩɪɨɛɥɟɦɢ

ɑɁȼ

ɉɊɈȻɅȿɆ ȼɔɁɆɈɀɇȺɉɊɂɑɂɇȺ Ɋȿɒȿɇɂȿ

Ɏɭɪɧɚɬɚɧɟɡɚɝɪɹɜɚ

ɑɚɫɨɜɧɢɤɴɬɧɟɟɧɚɫɬɪɨɟɧ ɇɚɫɬɪɨɣɬɟɱɚɫɨɜɧɢɤɚ

Ⱦɟɬɫɤɨɬɨɡɚɤɥɸɱɜɚɧɟɟɚɤɬɢɜɢɪɚɧɨ

ɇɟɟɢɡɛɪɚɧɪɟɠɢɦɧɚɝɨɬɜɟɧɟɢɥɢ

ɧɟɟɡɚɞɚɞɟɧɚɬɟɦɩɟɪɚɬɭɪɚ

Ⱦɟɚɤɬɢɜɢɪɚɣɬɟɞɟɬɫɤɨɬɨɡɚɤɥɸɱɜɚɧɟ

ɉɪɨɜɟɪɟɬɟɞɚɥɢɫɬɟɧɚɩɪɚɜɢɥɢɜɫɢɱɤɢ

ɧɟɨɛɯɨɞɢɦɢɧɚɫɬɪɨɣɤɢ

Ɏɭɪɧɚɬɚɧɟɡɚɝɪɹɜɚ

ɋɟɧɡɨɪɧɢɹɬɩɚɧɟɥɦɨɠɟɞɚɟ

ɧɚɜɥɚɠɧɟɧɨɬɩɚɪɚɢɤɨɧɞɟɧɡɚɰɢɹ

ɉɨɱɢɫɬɟɬɟɩɚɧɟɥɚɫɦɢɤɪɨɮɢɛɴɪɧɚɤɴɪɩɚɡɚ

ɞɚɨɬɫɬɪɚɧɢɬɟɤɨɧɞɟɧɡɚɰɢɨɧɧɢɹ

ɋɟɧɡɨɪɧɢɹɬɩɚɧɟɥɧɟ

ɪɟɚɝɢɪɚɧɚɞɨɤɨɫɜɚɧɟ

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/ĨƚŚĞĨƵƌŶŝƚƵƌĞŝƐĐŽǀĞƌĂŐĞǁŝƚŚĂďŽƚƚŽŵĂƚƚŚĞďĂĐŬƉĂƌƚƉƌŽǀŝĚĞĂŶŽƉĞŶŝŶŐĨŽƌ

ƚŚĞƉŽǁĞƌƐƵƉƉůǇĐĂďůĞ

^ĞŝůŵŽďŝůĞŚĂƵŶĨŽŶĚŽƉŽƐƚĞƌŝŽƌĞƉƌĂƚŝĐĂƌĞƵŶĨŽƌŽƉĞƌŝůƉĂƐƐĂŐŐŝŽĚĞůĐĂǀŽĚŝ

ĂůŝŵĞŶƚĂǌŝŽŶĞ

^ŝĞůŵƵĞďůĞƚŝĞŶĞƉĂŶĞůƉŽƐƚĞƌŝŽƌŚĂŐĂƵŶŽƌŝĨŝĐŝŽƉĂƌĂĞůĐĂďůĞĚĞĂůŝŵĞŶƚĂĐŝſŶ

:ĞƑůŝŵĞďĞůũĞƐƚǁǇƉŽƐĂǏŽŶǇǁƉŽŬƌǇǁħǁĐǌħƑĐŝƚǇůŶĞũŶĂůĞǏǇƉƌǌĞǁŝĚǌŝĞđǁŶŝĞũ

ŽƚǁſƌŶĂŬĂďĞůǌĂƐŝůĂũČĐǇŵĊĚƵƐƆƌŐĞĨŽƌĞŶĊƉŶŝŶŐƚŝůƐƚƌƆŵĨŽƌƐǇŶŝŶŐƐŬĂďĞůĞŶ

:ĞͲůŝŶĄďǇƚĞŬǀǌĂĚŶşēĄƐƚŝǀǇďĂǀĞŶŬƌǇƚĞŵǀǇƚǀŽƎƚĞŽƚǀŽƌƉƌŽŶĂƉĄũĞĐşŬĂďĞů

ŬũĞŶĄďǇƚŽŬǀǇďĂǀĞŶǉǌŽǌĂĚŶĞũēĂƐƚŝŬƌǇƚŽŵǌĂďĞǌƉĞēƚĞŽƚǀŽƌƉƌĞƉƌşǀŽĚŶǉ

ĞůĞŬƚƌŝĐŬǉŬĄďĞů

ĞũĞŽŵĂƌŝĐĂŶĂǌĂĚŶũŝƐƚƌĂŶŝǌĂƉƌƚĂŶĂƌĞĚŝƚĞŽĚƉƌƚŝŶŽǌĂŶĂƉĂũĂůŶŝŬĂďĞů

tĞŶŶĚĂƐ'ĞƌćƚŵŝƚĞŝŶĞƌďĚĞĐŬƵŶŐĂƵĨĚĞƌZƺĐŬƐĞŝƚĞĂƵƐŐĞƐƚĂƚƚĞƚŝƐƚƐŽƌŐĞŶ

^ŝĞĨƺƌĞŝŶĞPĨĨŶƵŶŐĨƺƌĚĂƐ^ƚƌŽŵǀĞƌƐŽƌŐƵŶŐƐŬĂďĞů

^ŝůĞĨŽŶĚĚƵŵĞƵďůĞĞƐƚĚŽƚĠĚƵŶƉĂŶŶĞĂƵĚĞĨĞƌŵĞƚƵƌĞƉƌĠǀŽǇĞǌƵŶŽƌŝĨŝĐĞ

ƉŽƵƌůĞƉĂƐƐĂŐĞĚƵĐąďůĞĚĂůŝŵĞŶƚĂƚŝŽŶ

KƉĞŶŝŶŐƉĞƌƚƵƌĂ

ƉĞƌƚƵƌĂKƚǁſƌKƚǀŽƌ

KƚǀŽƌKĚƉƌƚŝŶĂ

PĨĨŶƵŶŐKƵǀĞƌƚƵƌĞ

KƉĞŶŝŶŐďĞƌƚƵƌĂ

ʽ

ϰϲϬŵŵǆϭϱŵŵ

KƉĞŶŝŶŐƉĞƌƚƵƌĂƉĞƌƚƵƌĂ

KƚǁſƌKƚǀŽƌʽƚǀŽƌ

KĚƉƌƚŝŶĂPĨĨŶƵŶŐKƵǀĞƌƚƵƌĞ

KƉĞŶŝŶŐďĞƌƚƵƌĂʽ

ϱϲϬŵŵǆϰϱŵŵ

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/ĨƚŚĞŽǀĞŶĚŽĞƐŶŽƚŚĂǀĞĂĐŽŽůŝŶŐĨĂŶĐƌĞĂƚĞĂŶŽƉĞŶŝŶŐϰϲϬŵŵǆϭϱŵŵ

^ĞŝůĨŽƌŶŽŶŽŶĚŝƐƉŽŶĞĚŝƵŶĂǀĞŶƚŽůĂĚŝƌĂĨĨƌĞĚĚĂŵĞŶƚŽůĂƐĐŝĂƌĞƵŶŽƐƉĂǌŝŽϰϲϬŵŵǆϭϱŵŵ

^ŝĞůŚŽƌŶŽŶŽƚŝĞŶĞǀĞŶƚŝůĂĚŽƌĚĞƌĞĨƌŝŐĞƌĂĐŝſŶƉƌĂĐƚŝƋƵĞƵŶĂĂďĞƌƚƵƌĂϰϲϬŵŵǆϭϱŵŵ

:ĞƑůŝƉŝĞŬĂƌŶŝŬŶŝĞƉŽƐŝĂĚĂǁĞŶƚǇůĂƚŽƌĂĐŚųŽĚǌČĐĞŐŽŶĂůĞǏǇǁǇŬŽŶĂđŽƚǁſƌϰϲϬŵŵǆϭϱŵŵ

WŽŬƵĚŶĞŵĄƚƌŽƵďĂĐŚůĂĚŝĐşǀĞŶƚŝůĄƚŽƌǀǇƚǀŽƎƚĞŽƚǀŽƌϰϲϬŵŵǆϭϱŵŵ

ŬŶĂƌƷƌĞŶŝĞũĞĐŚůĂĚŝĂĐŝǀĞŶƚŝůĄƚŽƌǀǇƚǀŽƌƚĞŽƚǀŽƌϰϲϬŵŵǆϭϱŵŵ

ĞƉĞēŝĐĂŶŝŵĂŚůĂĚŝůŶĞŐĂǀĞŶƚŝůĂƚŽƌũĂŶĂƉƌĂǀŝƚĞƵƐƚƌĞǌŶŽŽĚƉƌƚŝŶŽϰϲϬŵŵǆϭϱŵŵ

^ĐŚĂĨĨĞŶ^ŝĞĞŝŶĞPĨĨŶƵŶŐǁĞŶŶĚĞƌKĨĞŶƺďĞƌŬĞŝŶĞŶ>ƺĨƚĞƌǀĞƌĨƺŐƚϰϲϬŵŵǆϭϱŵŵ

^ŝůĞĨŽƵƌŶĂƉĂƐĚĞǀĞŶƚŝůĂƚĞƵƌĚĞƌĞĨƌŽŝĚŝƐƐĞŵĞŶƚĐƌĠĞƌƵŶĞŽƵǀĞƌƚƵƌĞϰϲϬŵŵǆϭϱŵŵ

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ŽƉĞŶŝŶŐǀŽŽƌĚĞƐƚƌŽŽŵŬĂďĞů

^ĞŽŵſǀĞůĞƐƚŝǀĞƌĞƋƵŝƉĂĚŽĐŽŵƵŵĂĐŽďĞƌƚƵƌĂŶĂƉĂƌƚĞƉŽƐƚĞƌŝŽƌĨĂĕĂƵŵĂ

ĂďĞƌƚƵƌĂƉĂƌĂĂƉĂƐƐĂŐĞŵĚŽĐĂďŽĚĞĂůŝŵĞŶƚĂĕĆŽ

ʤ

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^ĞŽĨŽƌŶŽŶĆŽĞƐƚŝǀĞƌĞƋƵŝƉĂĚŽĐŽŵƵŵĂǀĞŶƚŽŝŶŚĂĚĞĂƌƌĞĨĞĐŝŵĞŶƚŽĨĂĕĂƵŵĂĂďĞƌƚƵƌĂϰϲϬŵŵǆϭϱŵŵ

ʤϰϲϬŵŵǆϭϱŵŵ

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 /Ĩ ƚŚĞ ŵŽƵŶƚŝŶŐ ŽĨ ƚŚĞ ƉůŝŶƚŚ ĚŽĞƐ ŶŽƚ ĂůůŽǁ Ăŝƌ ĐŝƌĐƵůĂƚŝŽŶƚŽ

ŽďƚĂŝŶƚŚĞŵĂǆŝŵƵŵƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŽǀĞŶŝƚŝƐŶĞĐĞƐƐĂƌǇƚŽĐƌĞĂƚĞĂŶ

ŽƉĞŶŝŶŐŽĨϱϬϬǆϭϬŵŵŽƌƚŚĞƐĂŵĞƐƵƌĨĂĐĞŝŶϱϬϬϬŵŵϮ

'

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 ^ĞŝůŵŽŶƚĂŐŐŝŽĚĞůƉůŝŶƚŽŶŽŶĐŽŶƐĞŶƚĞůĂĐŝƌĐŽůĂǌŝŽŶĞĚĞůůΖĂƌŝĂƉĞƌ

ŽƚƚĞŶĞƌĞůĞŵĂƐƐŝŵĞƉƌĞƐƚĂǌŝŽŶŝĚĞůĨŽƌŶŽğŶĞĐĞƐƐĂƌŝŽĐƌĞĂƌĞƵŶΖĂƉĞƌƚƵƌĂ

ĚŝϱϬϬǆϭϬŵŵŽůĂƐƚĞƐƐĂƐƵƉĞƌĨŝĐŝĞŝŶϱϬϬϬŵŵϮ

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 ^ŝĞů ŵŽŶƚĂũĞĚĞůǌſĐĂůŽŶŽ ƉĞƌŵŝƚĞ ůĂ ĐŝƌĐƵůĂĐŝſŶĚĞ ĂŝƌĞƉĂƌĂ

ŽďƚĞŶĞƌĞůŵĄǆŝŵŽƌĞŶĚŝŵŝĞŶƚŽĚĞůŚŽƌŶŽĞƐŶĞĐĞƐĂƌŝŽĐƌĞĂƌƵŶĂĂďĞƌƚƵƌĂ

ĚĞϱϬϬǆϭϬŵŵŽůĂŵŝƐŵĂƐƵƉĞƌĨŝĐŝĞĞŶϱϬϬϬŵŵϮ

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 :ĞƑůŝŵŽŶƚĂǏŶĂĐŽŬŽůĞŶŝĞƉŽǌǁĂůĂŶĂĐǇƌŬƵůĂĐũħƉŽǁŝĞƚƌǌĂĂďǇ

ƵǌǇƐŬĂđŵĂŬƐǇŵĂůŶČǁǇĚĂũŶŽƑđƉŝĞŬĂƌŶŝŬĂŬŽŶŝĞĐǌŶĞďħĚǌŝĞǁǇŬŽŶĂŶŝĞ

ŽƚǁŽƌƵϱϬϬǆϭϬŵŵůƵďŽƚĞũƐĂŵĞũƉŽǁŝĞƌǌĐŚŶŝϱϬϬϬŵŵϮ

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 WŽŬƵĚ ŵŽŶƚĄǎ ƉŽĚƐƚĂǀĐĞ ŶĞƵŵŽǎŸƵũĞ ĐŝƌŬƵůĂĐŝ ǀǌĚƵĐŚƵ Ŭ

ĚŽƐĂǎĞŶşŵĂǆŝŵĄůŶşŚŽǀǉŬŽŶƵƐƉŽƌĄŬƵũĞƚƎĞďĂǀǇƚǀŽƎŝƚŽƚǀŽƌϱϬϬǆϭϬŵŵ

ŶĞďŽƐƚĞũŶŽƵƉůŽĐŚƵǀĞůŝŬŽƐƚŝϱϬϬϬŵŵϮ



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 Ŭ ŵŽŶƚĄǎ ƉŽĚƐƚĂǀĐĂ ŶĞƵŵŽǎŸƵũĞ ĐŝƌŬƵůĄĐŝƵ ǀǌĚƵĐŚƵ ŶĂ

ĚŽƐŝĂŚŶƵƚŝĞŵĂǆŝŵĄůŶĞŚŽǀǉŬŽŶƵƐƉŽƌĄŬĂũĞƉŽƚƌĞďŶĠǀǇƚǀŽƌŝƛŽƚǀŽƌϱϬϬǆ

ϭϬŵŵĂůĞďŽƚĂŬƷŝƐƚƷƉůŽĐŚƵǀĞűŬŽƐƚŝϱϬϬϬŵŵϮ

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 Ğ ŶĂŵĞƐƚŝƚĞǀ ƉŽĚƐƚĂǀŬĂ ŶĞ ŽŵŽŐŽēĂ ŬƌŽǎĞŶũĂ ǌƌĂŬĂ ŵŽƌĂƚĞ

ƵƐƚǀĂƌŝƚŝŽĚƉƌƚŝŶŽǌŵĞƌĂŵŝϱϬϬǆϭϬŵŵĂůŝĞŶĂŬŽƉŽǀƌƓŝŶŽ;ϱϬϬϬŵŵϮͿ

ĚĂǌĂŐŽƚŽǀŝƚĞŶĂũďŽůũƓĞĚĞůŽǀĂŶũĞƉĞēŝĐĞ

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 tĞŶŶĚŝĞDŽŶƚĂŐĞĚĞƐ^ŽĐŬĞůƐŬĞŝŶĞ>ƵĨƚǌŝƌŬƵůĂƚŝŽŶǌƵůćƐƐƚŝƐƚĞƐ

ŶŽƚǁĞŶĚŝŐ Ƶŵ ĞŝŶĞ ŵĂǆŝŵĂůĞ >ĞŝƐƚƵŶŐ ĚĞƐ KĨĞŶƐ ǌƵ ĞƌƌĞŝĐŚĞŶ ĞŝŶĞ

PĨĨŶƵŶŐǀŽŶϱϬϬǆϭϬŵŵŽĚĞƌĚŝĞŐůĞŝĐŚĞKďĞƌĨůćĐŚĞŝŶϱϬϬϬŵŵϮǌƵ

ƐĐŚĂĨĨĞŶ



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 ^ŝ ůĞ ŵŽŶƚĂŐĞĚƵ ƐŽĐůĞ ŶĞ ƉĞƌŵĞƚ ƉĂƐ ůĂ ĐŝƌĐƵůĂƚŝŽŶ ĚΖĂŝƌ ƉŽƵƌ

ŽďƚĞŶŝƌůĂƉĞƌĨŽƌŵĂŶĐĞŵĂǆŝŵĂůĞĚƵĨŽƵƌŝůĞƐƚŶĠĐĞƐƐĂŝƌĞĚĞĐƌĠĞƌƵŶĞ

ŽƵǀĞƌƚƵƌĞĚĞϱϬϬǆϭϬŵŵŽƵůĂŵġŵĞƐƵƌĨĂĐĞĚĂŶƐϱϬϬϬŵŵϮ

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 ůƐ ĚĞ ŵŽŶƚĂŐĞǀĂŶ ĚĞ ƉůŝŶƚ ŐĞĞŶ ůƵĐŚƚĐŝƌĐƵůĂƚŝĞ ƚŽĞůĂĂƚ ĚŝĞŶƚ

ŵĞŶŽŵĚĞŽƉƚŝŵĂůĞƉƌĞƐƚĂƚŝĞƚĞǀĞƌŬƌŝũŐĞŶǀĂŶĚĞŽǀĞŶĞĞŶŽƉĞŶŝŶŐƚĞ

ŵĂŬĞŶǀĂŶϱϬϬǆϭϬŵŵŽĨĚĞǌĞůĨĚĞŽƉƉĞƌǀůĂŬƚĞŝŶϱϬϬϬŵŵϮ

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 ĂƐŽĂŵŽŶƚĂŐĞŵĚŽƌŽĚĂƉĠŶĆŽƉĞƌŵŝƚŝƌĂĐŝƌĐƵůĂĕĆŽĚŽĂƌƉĂƌĂ

ŽďƚĞƌŽŵĄǆŝŵŽĚĞƐĞŵƉĞŶŚŽĚŽĨŽƌŶŽĠŶĞĐĞƐƐĄƌŝŽĐƌŝĂƌƵŵĂĂďĞƌƚƵƌĂĚĞ

ϱϬϬǆϭϬϬŵŵŽƵĂŵĞƐŵĂƐƵƉĞƌĨşĐŝĞĞŵϱϬϬϬŵŵϮ

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 ʤ

        

      ϱϬϬϭϬϬ ŵŵ  

ϱϬϬϬŵŵϮ

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