0,-+1&)2#$+ budget/2010... · 0,-+1&)2#$+ ... ,2#$.##’#’$

!

!351%W#H5.8564?)1%?#95:%'.;%.1#%F<%.?41('%#4.#\#&46645.0#<%'=%.1)9%8#'%>6%=1#9'5B12#'%6)14:%#15#+,,M`!,#%814;)1%?#5(1=5;%@##

L !"

! "

!"!"#$%&'"()$*+,-.+/'0,-+1&")2#$+.2'$'(3+

!! "#$!%&'()&!*+',-!#)*!*.(*/0$01!)20!+#$!3'.+#!45,/6)2!$6'2'-7!/*!'2!+#$!8)+#!+'!,$6'9$,7:!3'.20!

-)6,'$6'2'-/6!)20!5/*6)&!8'&/6/$*!$2*.,$0!+#)+!;$!;$,$!;$&&!8,$8),$0!;#$2!+#$!*+',-!(,'<$1!)20!

+#$*$!8'&/6/$*!;/&&!($!-)/2+)/2$0:!!

!! =$+!3'.+#!45,/6)>*!6#,'2/6!0$9$&'8-$2+!6#)&&$2%$*!$?+$20!($7'20!+#$!.8*!)20!0';2*!'5!+#$!

(.*/2$**!676&$:!")6<&/2%!#/%#!.2$-8&'7-$2+!)20!8$,*/*+$2+!8'9$,+7!,$@./,$*!.,%$2+!-$)*.,$*!/2!+#$!

*#',+!+$,-1!)20!)!;$&&A5'6.*$0!*+,)+$%7!+'!6,$)+$!B'(*1!8,'-'+$!$6'2'-/6!%,';+#!)20!(./&0!)!-',$!

$55/6/$2+!8.(&/6!*$6+',!'9$,!+#$!&'2%$,!+$,-:!!

!! "#$!CDED!F.0%$+!&)7*!+#$!()*/*!5',!0'/2%!+#/2%*!0/55$,$2+&71!*$++/2%!'.+!6',$!$&$-$2+*!'5!)!2$;!8)+#!

5',!+#$!$6'2'-7!)20!+#$!8.(&/6!5/2)26$*:!"#$*$!8,'8'*)&*!5'6.*!'2!+#$!2$$0!+'!$?8)20!B'(!6,$)+/'21!

(,/2%!0';2!+#$!(.0%$+!0$5/6/+!%,)0.)&&71!,$8,/',/+/*$!,$*'.,6$*1!/-8,'9$!+#$!@.)&/+7!)20!$55/6/$267!'5!

8.(&/6!*8$20/2%1!)20!+)6<&$!6',,.8+/'2!0$6/*/9$&7:!G/6,'$6'2'-/6!)20!5/2)26/)&!,$%.&)+',7!,$5',-*!

),$!)&*'!)00,$**$0:!!!

!4$,"'502,)'$++

#$%!&'"'!()*+%,! -.! ,/01%*!-2! ,$%!342,%5,!46! -77%2.%!3$/2+%8!#$%!+140/1!

%34247-3!39-.-.!$/.!*%742.,9/,%*!,$/,!,$%!41*!:/,,%92.!46!+94;,$<!-2347%!

*-.,9-0),-42<!9%+)1/,-42!/2*!+4=%92/23%!*4!24,!7%%,!,$%!2%%*.!46!,$%!;491*!

%34247>8! #$%! +94;-2+!;%-+$,! 46! ?$-2/! /2*! @2*-/! -2! -2,%92/,-42/1! ,9/*%!

.-+2/1.!/!3$/2+%!-2!,$%!+140/1!%34247-3!0/1/23%8!!

#$%.%! 342.-*%9/,-42.! /9%! -26497-2+! :41-3>! *%=%14:7%2,! /2*! 2%;!

/::94/3$%.! -2! A4),$! B69-3/8! #$%9%! -.! 9%2%;%*! *%,%97-2/,-42! -2!

+4=%927%2,!,4!0)-1*!42!:/.,!.)33%..%.<!,4!0%!$42%.,!/04),!4)9!;%/C2%..%.!

!"#$%&'(#)$*+$),%-#'$*.$,$

.#/$(-0%,-$#.1*20.3#.)$)",)$

*.4023+$50-*67$'#1#-053#.)$

*.$80&)"$942*6,$

&'"'!(DEFG#!HGI@GJ!

!&!

/2*! ,4! /3$-%=%! 0%,,%9! 9%.)1,.8! K)9! $-+$! 1%=%1.! 46! :4=%9,>! /2*!

)2%7:14>7%2,!,$94;!-2,4!.$/9:!9%1-%6!,$%!2%%*!,4!,9/2.6497!4)9!%34247>8!!

B.!A4),$!B69-3/!%7%9+%.!6947!9%3%..-42<!,$%!:41-3>!643).!-.!.$-6,-2+!6947!

.,/0-1-.-2+!,$%!%34247>!,4!142+%9L,%97!342.-*%9/,-42.8!K)9!6),)9%!*%:%2*.!

42! 6-2*-2+! /! 749%! -231).-=%! %34247-3! ,9/M%3,49><! 3$/9/3,%9-.%*! 0>! 749%!

9/:-*!+94;,$!-2!+94..!*47%.,-3!:94*)3,!NFEOP!/2*!M40!39%/,-428!!

K=%9! ,$%! 347-2+! :%9-4*<! +4=%927%2,! ;-11! 7/-2,/-2! .)::49,! 649! ,$%!

%34247-3!9%34=%9><! ,/C%!6)9,$%9!.,%:.!,4!.)::49,!%7:14>7%2,!+94;,$!/2*!

-7:94=%!,$%!:%96497/23%!46! ,$%!.,/,%!Q!;-,$-2!/! ,-+$,! 6-.3/1!%2=-9427%2,8!

R49%! %66-3-%2,! :)01-3! .%9=-3%! *%1-=%9>! ;-11! 342,9-0),%! ,4! -7:94=-2+! ,$%!

1-=%1-$44*.! 46! /11! A4),$! B69-3/2.! Q! %.:%3-/11>! ,$%! :449! Q! /2*! $-+$%9!

:94*)3,-=-,>!/2*!6/.,%9!+94;,$!-2!,$%!>%/9.!/$%/*8!!

F4=%927%2,!$/.!/!.41-*!9%349*!46!%34247-3!7/2/+%7%2,<!;-,$!.)33%..-=%!

1/>%9.!46! 9%6497.!.-23%!"SST!342,9-0),-2+! ,4!/2!/33%1%9/,-42!46!%34247-3!

+94;,$! /2*! %7:14>7%2,! -2! ,$%! :%9-4*! &''"L&''U8! A,942+! +94;,$! /2*!

.4)2*! 6-.3/1! 7/2/+%7%2,! $/=%! %2/01%*! .-+2-6-3/2,! 9%*-.,9-0),-42! 46!

-2347%<!%5:/2.-42!46!.43-/1!-269/.,9)3,)9%!/2*!094/*%2-2+!46!4::49,)2-,-%.!

649!,$%!:4:)1/,-428!V%,!6/9!,44!7/2>!A4),$!B69-3/2.!*4!24,!;49C<!/2*!,$%!

0)1C! 46! ,$%! +/-2.! -2! 2/,-42/1! -2347%! -2%=-,/01>! +4! ,4! ,$4.%! ;$4! /9%!

%7:14>%*8!R49%! -231).-=%! +94;,$! *%:%2*.! 42! -239%/.-2+! %7:14>7%2,! Q!

/2*!-239%/.-2+!%7:14>7%2,!*%:%2*.!-2!,)92!42!+94;,$8!!

A4),$! B69-3/! -.! :/9,! 46! ,$%! ;491*! %34247>8! @2! 9%3%2,! >%/9.<! %7%9+-2+!

7/9C%,.! .)3$! /.! (9/W-1<! ?$-2/! /2*! @2*-/! $/=%! 0%347%! 1%/*-2+! ,9/*-2+!

2/,-42.<!;-,$!%5:/2*-2+!%34247-%.!,$/,!/9%!39%/,-2+!M40.!/2*!342,9-0),-2+!

,4!.-+2-6-3/2,1>!14;%9!1%=%1.!46!:4=%9,>8!B3349*-2+!,4!/!&''U!J491*!(/2C!

.,)*><!749%!,$/2!U'!:%9!3%2,!46!,$%!:4=%9,>!9%*)3,-42!,$/,!$/.!,/C%2!:1/3%!

4=%9!,$%!:/.,!*%3/*%!$/.!433)99%*!-2!,$%.%!6/.,L+94;-2+!%34247-%.8!R/2>!

4,$%9! 34)2,9-%.! /9%! /1.4! ;49C-2+! ,4! -239%/.%! 347:%,-,-=%2%..<! /,,9/3,!

-2=%.,7%2,<! *%=%14:! 749%! .C-11%*! 1/04)9! /2*! 094/*%2! 4::49,)2-,-%.! 649!

,$%-9! 3-,-W%2.8! A4),$! B69-3/! ,44! 7).,! 347:%,%! 42! ,$-.! +140/1! :1/,6497<!

;$%9%!:94+9%..!-.!9%+-.,%9%*!,$94)+$!$/9*!;49C<!%66%3,-=%!49+/2-./,-42!/2*!

31%/9!1%/*%9.$-:8!!!

@2! $-.! &'"'! A,/,%! 46! ,$%! X/,-42! B**9%..<! ,$%! O9%.-*%2,! .-+2/11%*! /! 2%;!

/::94/3$8!F4=%927%2,!-2,%2*.!,4Y!!

!! E%1-=%9!749%!/2*!0%,,%9!.%9=-3%.!-2!/!3/9-2+!/2*!%66-3-%2,!7/22%9!

!! Z41*!:41-,-3/1!466-3%!0%/9%9.!/2*!:)01-3!.%9=/2,.!/334)2,/01%!!

!! A$-6,!9%.4)93%.!,4!2%;!:9-49-,-%.!

!! R4=%!6947!*%0/,%!,4!%66%3,-=%!-7:1%7%2,/,-42!/2*!*%3-.-=%!/3,-42!

!! J49C!-2!:/9,2%9.$-:!;-,$!3477)2-,-%.<!1/04)9!/2*!0).-2%..!,4!/3$-%=%!

4)9!.$/9%*!40M%3,-=%.8!

B! 2%;! /::94/3$! ,4! %34247-3! 7/2/+%7%2,! -.! /1.4! 9%[)-9%*8! #$%! C%>!

%34247-3! 40M%3,-=%.! -231)*%! +94;-2+! ,$%! %34247><! 9%*)3-2+! -2%[)/1-,><!

*9-=-2+! $-+$%9! :94*)3,-=-,><! /2*! .)::49,-2+! 0).-2%..%.! ,4! %5:/2*! /2*!

39%/,%! M40.8! F-=%2! ,$%! 3%2,9/1-,>! 46! M40! 39%/,-42! -2! *%,%97-2-2+! A4),$!

B69-3/\.! 6),)9%<! ,$-.! >%/9\.! !"#$%&' (%)*%+' *%=4,%.! /! 6)11! 3$/:,%9! ,4!

%7:14>7%2,<!.%,,-2+!4),!142+L,%97!,9%2*.!/2*!4),1-2-2+!:41-3>!:94:4./1.!,4!

:),!749%!A4),$!B69-3/2.! ,4!;49C8! @2! :/9,-3)1/9<! :94:4./1.! ,4! 9/-.%! >4),$!

%7:14>7%2,!/9%!,/01%*!649!342.-*%9/,-428!!

!"#$50-*67$406&+$+"*4)+$)0$

2,*+*.($(20/)"$,.'$

#35-073#.):$,.'$2#'&6*.($

501#2)7$

;02#$*.6-&+*1#$(20/)"$

'#5#.'+$0.$*.62#,+*.($

#35-073#.):$/"*6"$*.$)&2.$

'#5#.'+$0.$4,+)#2$(20/)"$

8&66#++$*.$)"#$(-0%,-$

#60.037$2#<&*2#+$",2'$

/02=:$#44#6)*1#$02(,.*+,)*0.$

,.'$6-#,2$-#,'#2+"*5$

?ZBO#GH!"Y!#HBXA]KHR@XF!#ZG!AKD#Z!B]H@?BX!G?KXKRV!

!̂

+

6)*-7)*-,%+'&+,-.+89:9+;05*.,++

!-.+.2'$'(3<+.(=7'3(.$,+#$5+,-.+&)%2#7+%,#$2.+

!! H6'2'-/6!%,';+#!'5!C:I!8$,!6$2+!/*!8,'B$6+$0!5',!CDED1!/26,$)*/2%!+'!I:J!8$,!6$2+!(7!CDEC:!!

!! 45+$,! 5)&&/2%! 5,'-! CK!8$,!6$2+! /2! CDDI! +'! CC!8$,!6$2+! /2! CDDK1! .2$-8&'7-$2+! ,'*$! +'! CL:I!8$,!6$2+! /2!CDDM:!!

!! "#$!CDED!NON4!P',&0!Q.8!/*!$?8$6+$0!+'!6'2+,/(.+$!)('.+!D:R!8$,!6$2+!'5!STU!%,';+#!/2!CDED:!"'!0)+$1!%'9$,2-$2+!#)*!*8$2+!)('.+!VII!(/&&/'2!/2!8,$8),)+/'2!5',!+#$!+'.,2)-$2+:!!

!! O25&)+/'2!#)*!5)&&$2!'9$,!+#$!8)*+!7$),!)20!*#'.&0!)9$,)%$!J!8$,!6$2+!0.,/2%!CDEDWEE:!

!! 4!(.0%$+! 0$5/6/+! '5! K:I!8$,!6$2+! /*! 8,'B$6+$0! 5',! CDDMWED!)20!J:C!8$,!6$2+! /2! CDEDWEE:!F7!CDECWEI1! +#$!0$5/6/+!/*!$?8$6+$0!+'!,$)6#!L:E!8$,!6$2+:!!

!! X)+/'2)&! %'9$,2-$2+! 2$+! &')2! 0$(+! /*! 8,'B$6+$0! +'! ,/*$! 5,'-! VRCJ!(/&&/'2! )+! +#$! $20! '5! CDDYWDM! +'!VE:I!+,/&&/'2!/2!CDECWEI:!!

!! "'!#$&8!+)6<&$!7'.+#!.2$-8&'7-$2+1!)!;)%$!*.(*/07!5',!7'.2%!8$'8&$!/*!8,'8'*$0:!!

!! "'+)&!8.(&/6!*$6+',!/25,)*+,.6+.,$!/29$*+-$2+!'5!VYLR!(/&&/'2!'9$,!+#$!2$?+!+#,$$!7$),*!/*!)2+/6/8)+$0:!!

!! Z9$,!+#$!2$?+!+#,$$!7$),*1!%'9$,2-$2+!;/&&!*8$20!)('.+!VRC!(/&&/'2!'2!8.(&/6!;',<*!8,'%,)--$*:!

/=.$5)$*+,'+%0=='",+.2'$'()2+".2'>."3+#$5+)(="'>.+%.">)2.+5.7)>."3++

9''*)*0.+$)0$+5#.'*.($5-,.+$01#2$)"#$.#>)$)"2##$7#,2+?$

!! VEC:C!(/&&/'2!5',!%,)2+*1!/26&.0/2%!+#$!$?+$2*/'2!'5!+#$!6"*-'$+&5502)$(2,.)!.8!+'!EY!7$),*!'5!)%$:!!

!! VC:K!(/&&/'2!+'!8,'9/0$!&/+$,)67!)20!2.-$,)67!;',<(''<*!/2!)&&!EE!'55/6/)&!&)2%.)%$*!5',!&$),2$,*!/2!%,)0$*!V!+'!M1!)20!VE!(/&&/'2!+'!/26,$)*$!*.(*/0/$*!5',!#/%#$,!$0.6)+/'2!/2*+/+.+/'2*:!!

!! VER:E!(/&&/'2!5',!'66.8)+/'2A*8$6/5/6!0/*8$2*)+/'2*!/2!$0.6)+/'21!#$)&+#!)20!6',,$6+/'2)&!*$,9/6$*:!!

!! VC:C!(/&&/'2!5',!)!,$9/*$0!*)&),7!*+,.6+.,$!/2!+#$!3'.+#!45,/6)2!X)+/'2)&!T$5$26$!N',6$:!

!! VY:L!(/&&/'2!+'!$?8)20!8,'9/*/'2!'5!)2+/,$+,'9/,)&!+#$,)87:!!

!! VC:R!(/&&/'2! +'! /26,$)*$! &)('.,! /2+$2*/+7! /2!8.(&/6!;',<*1!VE:Y!(/&&/'2! 5',! 6&'+#/2%!)20! +$?+/&$!8,'0.6+/'2!/26$2+/9$*!)20!VE:Y!(/&&/'2!5',!+#$!).+'-'+/9$!8,'0.6+/'2!0$9$&'8-$2+!8,'%,)--$:!!

!! VE!(/&&/'2!+'!+#$!6,/-/2)&!B.*+/6$!*$6+',!5',!$55',+*!+'!,$0.6$!6,/-$!)20!6',,.8+/'2:!

!! VC:Y!(/&&/'2!5',!8.(&/6!+,)2*8',+1!,')0*!)20!,)/&!/25,)*+,.6+.,$:!

!! VC:R!(/&&/'2!5',!-.2/6/8)&!/25,)*+,.6+.,$!+'!*.88',+!.2/9$,*)&!)66$**!+),%$+*!5',!;)+$,!)20!*)2/+)+/'21!)20!VJ:K!(/&&/'2!+'!-.2/6/8)&/+/$*!+'!6'9$,!+#$!/26,$)*$0!6'*+!'5!8,'9/0/2%!5,$$!()*/6!$&$6+,/6/+7:!

!! VE! (/&&/'2! -',$! 5',! ,.,)&! 0$9$&'8-$2+1! VE:C! (/&&/'2! 5',! ;)+$,! )20! *)2/+)+/'2! /25,)*+,.6+.,$! 5',! ,.,)&!#'.*$#'&0*!)20!VE:R!(/&&/'2!5',!+#$![)20!F)2<!+'!*.88',+!,.,)&!0$9$&'8-$2+:!

!! VE!(/&&/'2!+'!*8$$0!.8!8,'9/*/'2!'5!#'.*/2%!)20!VRDD!-/&&/'2!5',!(.&<!;)+$,!/25,)*+,.6+.,$:!!

!! "#$!'&0!)%$!8$2*/'2!/*!/26,$)*$0!(7!VKD!)!-'2+#!+'!VE!DYD!)20!+#$!6#/&0!*.88',+!%,)2+!/*!/26,$)*$0!(7!VED!)!-'2+#:!!

!#?+="'='%#7%+

!! U$,*'2)&!/26'-$!+)?!,$&/$5!5',!/20/9/0.)&*!'5!VJ:R!(/&&/'2:!

!! T/*6'2+/2.)+/'2!'5!+#$!3O"H!\*+)20),0!+)?!'2!$-8&'7$$*]!*7*+$-:!

!! O26,$)*$*!/2!5.$&!+)?$*!'5!CR:R!6$2+*!)!&/+,$:!!

!! 4!6),('2!$-/**/'2*!+)?!'2!2$;!-'+',!9$#/6&$*:!!

!! 4!8)6<$+!'5!CD!6/%),$++$*!;/&&!6'*+!VE:CL!-',$:!

!! 4!KRD!-&!('++&$!'5!;/2$!;/&&!6'*+!EC!6$2+*!-',$:!

!! 4!ILD!-&!6)2!'5!($$,!;/&&!6'*+!J:R!6$2+*!-',$:!!

!! 4!KRD!-&!('++&$!'5!&/@.',!\*8/,/+*]!;/&&!6'*+!VC:CC!-',$:!

&'"'!(DEFG#!HGI@GJ!

!T!

!@#%,."+#$5+('".+)$270%)>.+.2'$'()2+*"'A,-+

B.#"$)$*+7.%%'$%+&"'(+,-.+*7'C#7+".2.%%)'$+

E)9-2+!&''U!/2*!&''S<!,$%!;491*!%34247>!.)66%9%*!-,.!;49.,!*%31-2%!.-23%!

,$%!F9%/,!E%:9%..-428!#$%!*%:,$!46! ,$%!*4;2,)92!-.!0%.,!7%/.)9%*!24,! -2!

FEO! */,/<! 0),! -2! ,$%! 2)70%9! 46! M40.! 14.,8! #$%! @2,%92/,-42/1! _/04)9!

K9+/2-./,-42!9%:49,.!,$/,!/04),!^T!7-11-42!:%4:1%!;%9%!,$94;2!4),!46!;49C!

-2! ,$%! :/.,! "U! 742,$.<! /2*! ,$%! J491*! (/2C! %.,-7/,%.! ,$/,! 2%/91>!

&''!7-11-42!:%4:1%!7/>!6/11!0/3C!0%14;!,$%!:4=%9,>!1-2%!/.!/!9%.)1,!46!,$%!

9%3%..-428!!

#$%!.>23$942-.%*!9%.:42.%!,4!,$-.!39-.-.!0>!,$%!F94):!46!&'!NFL&'P!2/,-42.!

$%1:%*! ,4! /=%9,! /! 749%! .%=%9%! *%31-2%! -2! 4),:),! /2*! %7:14>7%2,8! B!

7/..-=%!6-.3/1!/2*!742%,/9>!%5:/2.-42!-2!04,$!*%=%14:%*!/2*!*%=%14:-2+!

34)2,9-%.! .,/0-1-.%*! ,$%! ;491*! %34247><! /2*! /! 0/-14),! 46! 7/M49! 0/2C.!

:9%=%2,%*!/!3411/:.%!46!,$%!+140/1!6-2/23-/1!.>.,%78!@2!,$%!64)9,$![)/9,%9!46!

&''S<! +140/1! 4),:),! 9%349*%*! /! 74*%.,! -239%/.%<! /2*! ,$%! @2,%92/,-42/1!

R42%,/9>! ])2*! :94M%3,.! +140/1! FEO! +94;,$! 46! ^8S!:%9!3%2,! -2! &'"'8!

G7:14>7%2,! 39%/,-42! -.! %5:%3,%*! ,4! 9%7/-2! .)0*)%*<! $4;%=%9<! /2*!

1%2*-2+!0>!6-2/23-/1!-2.,-,),-42.!-.!.,-11!;%/C8!

#$-.! 9%3%..-42! 64114;%*! /174.,! /! *%3/*%! 46! 9/:-*! %34247-3! +94;,$<!

-239%/.%*!+140/1!,9/*%<!9-.-2+!%7:14>7%2,!/2*!6/11-2+!:4=%9,>!-2!7)3$!46!

,$%!;491*8!B69-3/!%5:%9-%23%*! -,.!$-+$%.,!+94;,$! -2! ,$9%%!*%3/*%.8!F-=%2!

,$%!3411/:.%!-2!4),:),!,$/,!64114;%*<!-,!-.!-7:49,/2,!649!:41-3>!7/C%9.!/2*!

,$%!:)01-3! ,4!/.C! ,$%!*-66-3)1,![)%.,-42.!/04),!;$/,! 3/).%*! ,$%!39-.-.! /2*!

;$/,! 1%..42.! 3/2! 0%! 1%/92,<! -231)*-2+! $4;! :41-3>! 3/2! 34)2,%9/3,! +9%%*<!

*-.$42%.,>!/2*!4=%9L%5)0%9/23%!-2!,$%!+140/1!6-2/23-/1!.>.,%78!!!

G53%..-=%! /2*! -7:9)*%2,! *%0,! -.! /! 6%/,)9%! 46! 39-.-.! %:-.4*%.! ,$94)+$4),!

$-.,49>8!B.! %34247-.,.! ?/97%2!H%-2$/9,! /2*!`%22%,$!H4+466! /9+)%Y! a@6!

,$%9%! -.! 42%! 347742! ,$%7%! ,4! ,$%! =/.,! 9/2+%! 46! ,$%! ;491*\.! 6-2/23-/1!

39-.%.<!-,!-.!,$/,!%53%..-=%!*%0,!/33)7)1/,-42<!;$%,$%9!0>!,$%!+4=%927%2,<!

0/2C.<!349:49/,-42.<!49!342.)7%9.<!46,%2!:4.%.!+9%/,%9!.>.,%7-3!9-.C.!,$/2!

-,! .%%7.! *)9-2+! /! 04478! @26).-42.! 46! 3/.$! 3/2!7/C%! /! +4=%927%2,! 144C!

1-C%!-,!-.!:94=-*-2+!+9%/,%9!+94;,$!,4!-,.!%34247>!,$/2!-,!9%/11>!-.8!O9-=/,%!

.%3,49! 04994;-2+!0-2+%.! 3/2! -261/,%! $4).-2+! /2*! .,43C! :9-3%.! 6/9! 0%>42*!

,$%-9! 142+L9)2! .).,/-2/01%! 1%=%1.<! /2*!7/C%! 0/2C.! .%%7!749%! .,/01%! /2*!

:946-,/01%!,$/2!,$%>!9%/11>!/9%8b"!

#$%! 9%3%..-42! $/.! /1.4! >-%1*%*! -7:49,/2,! 1%..42.! /04),! 7/394%34247-3!

7/2/+%7%2,8! ?4)2,9-%.! ,$/,! $/=%! *42%! 0%,,%9! *)9-2+! ,$%! 9%3%..-42<! /2*!

;$-3$! /9%! 0%,,%9L:1/3%*! ,4! +94;! 749%! 9/:-*1>! -2! ,$%! >%/9.! /$%/*<! /9%!

3$/9/3,%9-.%*! 0>! ;%11L*%=%14:%*! 6-2/23-/1! .%3,49! 9%+)1/,-42<! .4)2*!

7/394%34247-3! :41-3-%.<! 14;! :)01-3! *%0,<! $-+$! ./=-2+.! 9/,%.<! 094/*! /2*!

940).,! .43-/1! .%3)9-,>! 2%,.<! /2*! +4=%927%2,.! 3/:/01%! 46! 9%.:42*-2+!

%66%3,-=%1>! ,4! ,$%! -2%=-,/01%! 3$/11%2+%.! ,$/,! /9-.%! -2! /! 347:%,-,-=%! /2*!

=41/,-1%!+140/1!%34247>8!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!H%-2$/9,<!?!/2*!H4+466<!`8!,-*.',*/%'*.'0*11%2%3&4'5*$-&'6%3&"2*%.'71'8*393:*9;'87;;<=!

O9-23%,42<!&''S8!!

@-0%,-$2#6#++*0.$",+$

2#+&-)#'$*.$,%0&)$AB$3*--*0.$

C0%$-0++#+$

D002'*.,)#'$50-*67$

2#+50.+#$"#-5#'$)0$,10*'$,$

/02-'/*'#$'#52#++*0.$

E>6#++*1#$'#%)$

,66&3&-,)*0.$-#,'+$)0$

#60.03*6$62*+#+$

@-0%,-$62*+*+$&.'#2+602#+$

)"#$.##'$402$/#--F'#1#-05#'$

4*.,.6*,-$+#6)02$2#(&-,)*0.$$


!c

1+$.A+*"'A,-+#$5+5.>.7'=(.$,+=#,-+&'"+/'0,-+1&")2#+

#$-.!!"#$%&'(%)*%+!*-.3)..%.!:41-3>!%1%7%2,.! ,$/,! .$4)1*! 6497!:/9,!46!/!

347:9%$%2.-=%!:1/2!,4!/3$-%=%!4)9!.43-/1!/2*!%34247-3!40M%3,-=%.8!!

#$%!A4),$!B69-3/2!%34247>!-.!9%34=%9-2+!6947!,$%!74.,!.%=%9%!*47%.,-3!

9%3%..-42! .-23%! "SS&8! B04),! d!:%9!3%2,! 46! ;49C%9.! $/=%! 14.,! ,$%-9! M40.<!

;-,$!,$%!)2%7:14>7%2,!9/,%!9-.-2+!,4!&T8^!:%9!3%2,8!#$%!.$49,L,%97!-7:/3,!

46! ,$%! *4;2,)92! /**%*! ,4! /19%/*>! $-+$! 1%=%1.! 46! M401%..2%..8!J$%2! ,$%!

2)70%9! 46! :%4:1%!;$4! $/=%! +-=%2! ):! 144C-2+! 649! ;49C! -.! -231)*%*<! ,$%!

.,/,-.,-3.!/9%!:4.-,-=%1>!/1/97-2+Y!.-5!-2!"'!A4),$!B69-3/2.!/9%!24,!;49C-2+<!

/2*!/174.,!$/16!46!/11!>4)2+!:%4:1%!$/=%!2%=%9!$%1*!/!M408!!

F-=%2!,$/,!+140/1!+94;,$!-.!1-C%1>!,4!9%7/-2!;%/C!649!.47%!,-7%<!/!6/-1)9%!

,4! 7/C%! 39)3-/1! :41-3>! /*M).,7%2,.! 24;! -.! 1-C%1>! ,4! 9%.)1,! -2! ;%/C! M40!

+94;,$<!;-,$! :%9.-.,%2,1>! $-+$! )2%7:14>7%2,! 649! .%=%9/1! >%/9.! ,4! 347%8!

#$-.! 01%/C! 4),144C! 2%3%..-,/,%.! 041*<! *%3-.-=%! /3,-42! 42! ,$%! :/9,! 46!

+4=%927%2,<! -2! :/9,2%9.$-:! ;-,$! 0).-2%..! /2*! 1/04)9<! ,4! 3$/9,! /! 2%;!

+94;,$!:/,$8!!

A4),$! B69-3/\.! $-.,49>! 46! /:/9,$%-*! /2*! 34142-/1-.7! $/.! *%,%97-2%*! ,$%!

.$/:%! 46! 4)9! %34247>8! ]49! 749%! ,$/2! /! 3%2,)9><! ,$%! +94;,$! :/,$! ;/.!

*%6-2%*!0>!%5,9/3,-2+!7-2%9/1.<!.%11-2+!,$%7!42!,$%!;491*!7/9C%,!/2*!).-2+!

,$%!:943%%*.!,4!6)2*!/!$-+$!.,/2*/9*!46!1-=-2+!649!/!.7/11!7-249-,>!46!,$%!

:4:)1/,-428!#$%!.41),-42!3/224,!.-7:1>!0%!,4!*4!749%!46!,$%!./7%!Q!,4!.%11!

749%!7-2%9/1.!/2*!,4!*-.,9-0),%!,$%!:943%%*.!,4!/!2%;<!-6!.47%;$/,!1/9+%9!

%1-,%8!!

#$%! 2/,-42\.! 142+L,%97! :94.:%9-,>! 9%[)-9%.! ,$%! :/9,-3-:/,-42! 46! /11! A4),$!

B69-3/2.! -2! ,$%! %34247>8! @239%/.-2+! %7:14>7%2,! -.! ,$%! 421>! .).,/-2/01%!

.41),-42! ,4! 9%*)3-2+! :4=%9,>! /2*! -2%[)/1-,>8! K=%9! ,-7%<! A4),$! B69-3/\.!

6-97.! /2*! 6/3,49-%.<! 466-3%.! /2*! .%9=-3%! :94=-*%9.<! 7).,! /0.490! 749%!

1/04)9<!/2*!-231)*%!749%!:%4:1%!-2!%34247-3!/3,-=-,>8!

#$%! :9%.%2,! :41-3>! ,9/M%3,49>! ;-11! 24,! +%,! ).! 42,4! /! 2%;! +94;,$! :/,$8!

X4,;-,$.,/2*-2+!.-+2-6-3/2,!.)33%..%.!-2!%34247-3!:41-3>!4=%9!,$%!:/.,!"c!

>%/9.<! A4),$! B69-3/! 2%%*.! /! 39%*-01%! :1/2<! .)::49,%*! 0>! /2! %66%3,-=%!

-7:1%7%2,/,-42!.,9/,%+><!,4!*9-=%!6/.,%9!/2*!749%!-231).-=%!+94;,$8!#$%9%!

-.! /7:1%! -2,%92/,-42/1! %5:%9-%23%!42!;$-3$! ,4!*9/;8!_/.,! >%/9\.!>%#*"/'

,%2/'!"#$%&'?7;*:<'@&9&%/%3&!.)77/9-.%*!,$%!1%..42.!46!"^!$-+$L+94;,$!

34)2,9-%.!,$/,!;%9%!,$%!.)0M%3,!46!/!:947-2%2,!-2,%92/,-42/1!.,)*>8!@2!09-%6<!

,$%.%! 34)2,9-%.! ,44C! /*=/2,/+%! 46! ,$%! +140/1! %34247><! :)9.)%*! .4)2*!

742%,/9>! /2*! 6-.3/1! :41-3-%.<! $/*! 3/:/01%! +4=%927%2,.! /2*!;%9%! /01%! ,4!

7/C%!,$%!,4)+$!,9/*%L466.!9%[)-9%*!649!142+L,%97!%5:/2.-428!!

#$%9%!-.!24!.-1=%9!0)11%,!,4!*%1-=%9!6/.,%9!+94;,$<!%7:14>7%2,!/2*!:4=%9,>!

9%*)3,-428! B! 7)1,-*-7%2.-42/1! /::94/3$! -.! 9%[)-9%*! /2*<! %=%2! ;-,$!

.)33%..6)1!-7:1%7%2,/,-42!46!.4)2*!:41-3-%.<!%34247-3!3$/2+%!,/C%.!,-7%8!

@,! /1.4! 9%[)-9%.! *-66-3)1,! 3$4-3%.! ,4! 0%! 7/*%! /04),! -2=%.,7%2,! 4:,-42.<!

.:%2*-2+!:9-49-,-%.<!/2*!,%3$2414+>!/2*!,9/*%!.,9/,%+-%.8!!

#$%! 6-+)9%! 0%14;! .)77/9-.%.! C%>! %1%7%2,.! 9%[)-9%*! ,4! /3$-%=%! 6/.,%9!

+94;,$<!$-+$%9!%7:14>7%2,!/2*!9%*)3%*!1%=%1.!46!:4=%9,>8!!

!

85*=#$*.$C0%-#++.#++$",+$

#>,6#2%,)#'$80&)"$942*6,G+$

520%-#3$04$+)2&6)&2,-$

&.#35-073#.)$

H#/$50-*67$,5520,6"#+$,2#$

#++#.)*,-$)0$2#'&6#$501#2)7$

,.'$&.#35-073#.)$

I0%$62#,)*0.$*+$)"#$0.-7$

+&+),*.,%-#$/,7$)0$2#'&6#$

501#2)7$,.'$*.#<&,-*)7$

!"#2#$*+$.0$+*-1#2$%&--#)?$,$

3&-)*'*3#.+*0.,-$,5520,6"$

*+$2#<&*2#'$402$4,+)#2$(20/)"$

,.'$C0%$62#,)*0.$

&'"'!(DEFG#!HGI@GJ!

!e!

@)*0".+:D:++E")>."%+'&+*"'A,-<+.(=7'3(.$,+#$5+='>.",3+".502,)'$+

!

!

K=%9!,$%!:%9-4*!/$%/*<!+4=%927%2,\.!:41-3>!40M%3,-=%.!-231)*%!7/C-2+!,$%!

%34247>! 749%! 1/04)9L/0.49:,-=%<! 9/-.-2+! :94*)3,-=-,><! 044.,-2+! %5:49,.!

/2*! :9474,-2+! +9%/,%9! 1%=%1.! 46! -2=%.,7%2,8! #$%.%! %34247-3! 40M%3,-=%.<!

/142+.-*%! .43-/1! :41-3>! +4/1.! .)3$! /.! -7:94=%*! %*)3/,-42<! ,9/-2-2+! /2*!

$%/1,$! 4),347%.<! ;-11! 342,9-0),%! ,4! 749%! %66%3,-=%! 9%*-.,9-0),-42! 46!

9%.4)93%.! /2*! 3/:/0-1-,-%.8! D1,-7/,%1><! :4=%9,>! 9%*)3,-42! -.! /04),!

*%=%14:-2+! :%4:1%\.! 3/:/0-1-,-%.! /2*! :94=-*-2+! /! +94;-2+! %34247>! -2!

;$-3$!,$%>!3/2!;49C!,4!-7:94=%!,$%-9!1-=-2+!342*-,-42.8!!

#$%!:41-3>!1%=%9.!,4!/3$-%=%!,$%.%!40M%3,-=%.!-231)*%Y!

!! A,%:.! ,4! 9%*)3%! >4),$! )2%7:14>7%2,<! -231)*-2+! /! ,/9+%,%*! ;/+%!

.)0.-*>!/-7%*!/,! 14;%9-2+! ,$%!34.,.!/2*! 9-.C.!46!$-9-2+! -2%5:%9-%23%*!

;49CL.%%C%9.8!

!! A)::49,-2+! 1/04)9L-2,%2.-=%! -2*).,9-%.! ,$94)+$! -2*).,9-/1! :41-3>!

-2,%9=%2,-42.<! .C-11.! *%=%14:7%2,<! -269/.,9)3,)9%! -2=%.,7%2,<! :)01-3!

%7:14>7%2,!:94+9/77%.!/2*!/!9)9/1!*%=%14:7%2,!.,9/,%+>8!

!! H/-.-2+! 4)9! ./=-2+.! 1%=%1<! /2*! .).,/-2-2+! $-+$! 1%=%1.! 46! :)01-3! /2*!

:9-=/,%!-2=%.,7%2,8!

!! @7:94=-2+! ,$%! :%96497/23%! /2*! %66%3,-=%2%..! 46! ,$%! .,/,%<! %.:%3-/11>!

,$%!:94=-.-42!46![)/1-,>!%*)3/,-42!/2*!,9/-2-2+!/,!/11!1%=%1.8!

!! H%6497.! ,4! -239%/.%! -231).-42! /2*! :/9,-3-:/,-42! -2! ,$%! 1/04)9!7/9C%,<!

/142+.-*%!%6649,.!,4!-7:94=%!347:%,-,-42!-2!:94*)3,!7/9C%,.<!,4!9%*)3%!

0/99-%9.! ,4! M40! 39%/,-42! /2*! -2=%.,7%2,<! /2*! ,4! 14;%9! ,$%! 242L;/+%!

34.,.!46!*4-2+!0).-2%..8!!

!! `%%:-2+! -261/,-42! 14;<! .,9-=-2+! 649! /! .,/01%! /2*!347:%,-,-=%!%53$/2+%!

9/,%<!/2*!:94=-*-2+!/!0)66%9!/+/-2.,!+140/1!=41/,-1-,>8!!

!! H/-.-2+!:94*)3,-=-,>!/2*!347:%,-,-=%2%..!0>!3),,-2+!9%*!,/:%<!%26493-2+!

347:%,-,-42! 1/;.<! %2$/23-2+! 9%+)1/,49>! 4=%9.-+$,<! -7:94=-2+! ,$%!

:%96497/23%!46! .,/,%L4;2%*!%2,%9:9-.%.<!/2*!4:%2-2+!):! ,$%!%34247>!

,4!-2=%.,7%2,!/2*!,9/*%!4::49,)2-,-%.!,$/,!3/2!044.,!%5:49,.8!!

J0-*67$-#1#2+$)0$%00+)$

#35-073#.)$,.'$(20/)"$

01#2$)"#$-0.($)#23$

!"#$%&'

(#)*'

+#,-"%.'"-/01%2#3'

4#03/'561"#-1#3#521'

7#8212-*'

921"#-1#3#521'

"-:#"5'

;/016%2#3''

63/'*<288*'

=676)8->'-::212-3%''

?#,-"35-3%'

4#1268'*6:-%.'3-%'

+0)821'-578#.5-3%'

7"#?"655-*'

4077#"%'%#'

)0*23-**-*'


!d

@2! *%=%14:-2+! /! 2%;! +94;,$! :/,$<! :94+9%..! /1.4! 2%%*.! ,4! 0%! 7/*%! -2!

*%=%14:-2+! .%3,49/1! :1/2.! ,4! 9/-.%! %7:14>7%2,! /2*! 4),:),8! ]49! %5/7:1%<!

A4),$!B69-3/!2%%*.!/!.,9/,%+>!,4!9/-.%!/+9-3)1,)9/1!4),:),<!;$-3$!;-11!$/=%!

:4.-,-=%! 0%2%6-,.! 649! 9)9/1! %7:14>7%2,8! A-7-1/91><! /! :1/2! ,$/,! 9%74=%.!

40.,/31%.!,4!7-2-2+!-2=%.,7%2,!/2*!%5:49,.!34)1*!044.,!4),:),!/2*!.)::49,!

M40!39%/,-428!#$%.%!-2-,-/,-=%.!/9%!1%*!0>!,$%!%34247-3!31).,%9!46!7-2-.,%9.<!

-2!342.)1,/,-42!;-,$!-2*).,9>!.,/C%$41*%9.8!!

F0,,)$*+3'0$*+=.'=7.+,'+A'"G+

#$%!74.,! )9+%2,! 643).! 46! :41-3>! 3$/2+%!7).,! 0%! -2,%9=%2,-42.! ,4! 39%/,%!

M40.!649!>4)2+!:%4:1%8!B.!,$%!+9/:$!0%14;!.$4;.<!)2%7:14>7%2,!9/,%.!649!

>4)2+!:%4:1%!/9%!.)0.,/2,-/11>!$-+$%9!,$/2! ,$%!2/,-42/1!/=%9/+%<!;$-3$! -.!

-,.%16! $-+$! 0>! -2,%92/,-42/1! .,/2*/9*.8! _/04)9! 7/9C%,! */,/! -2*-3/,%.! ,$/,!

6-97.!/9%!9%1)3,/2,!,4!$-9%!-2%5:%9-%23%*!;49CL.%%C%9.<!/2*!.3$441L1%/=%9.!

1/3C!0/.-3!;49C:1/3%!347:%,%23-%.8!B!&''U!9%:49,!0>!,$%!K9+/2-./,-42!649!

G34247-3!?44:%9/,-42!/2*!E%=%14:7%2,!%2,-,1%*!A7*3$'172'A27+&-!.$4;.!

,$/,! ;49C! %5:%9-%23%! :1/>.! /2! -7:49,/2,! :/9,! -2! .)::49,-2+! .C-11.!

*%=%14:7%2,8! ?$/:,%9! ^! 46! ,$%! !"#$%&' (%)*%+! *-.3)..%.! .47%! 46! ,$%!

9%/.42.! 649! 4)9! $-+$! )2%7:14>7%2,! /2*! /! 9/2+%! 46! :41-3>! 4:,-42.! ,4!

/**9%..!,$%!3$/11%2+%8!!

F4=%927%2,! /-7.! ,4!/33%1%9/,%! M40! 39%/,-42! 649! >4)2+! :%4:1%! ,$94)+$! /!

,/9+%,%*!;/+%!.)0.-*><!,4+%,$%9!;-,$!-7:94=%*!-26497/,-42!.%9=-3%.!1-2C%*!

,4! ,9/-2-2+<! ,4! /3,-=/,%! %7:14>7%2,! -2! ,$%! :9-=/,%! .%3,498! B! 6)9,$%9!

%5:/2.-42! 46! :)01-3! %7:14>7%2,! :94+9/77%.! -.! /1.4! )2*%9! ;/><! /2*! -.!

.)::49,-2+!143/1!-269/.,9)3,)9%!:94M%3,.<!1-,%9/3>!:94+9/77%.<!$47%L0/.%*!

3/9%<!.3$441!7/-2,%2/23%!/2*!%/91>!3$-1*$44*!%*)3/,-42!-2-,-/,-=%.8!!

@)*0".+:D8++H$.(=7'3(.$,+"#,.+C3+#*.+*"'0=+IE.2.(C."+899JK+

!

#$%&

&$%'

!(%'

&#%(

)

!)

&)

()

#)

')

*)

!$+&#

&'+(# ('

,

-./01

2/

@?-'?"#07

A3-

57

8#.5

-3%'"

6%-'

B7-"

'1-3

%C

!

O94:4./1.!;-11! ,$%9%649%!0%! ,/01%*! ,4!.)0.-*-.%! ,$%!34.,!46!$-9-2+!>4)2+%9!

;49C%9.<!/3347:/2-%*!0>!,$%!/::94:9-/,%!61%5-0-1-,>!9%[)-9%*!,4!%234)9/+%!

6-97.!,4!,/C%!42!,$%!9-.C!46!$-9-2+!-2%5:%9-%23%*!.,/668!#$-.!;-11!14;%9!,$%!

34.,!/2*!9-.C!46!$-9-2+!/2!-2%5:%9-%23%*!:%9.42!;$-1%!39%/,-2+!42L,$%LM40!

1%/92-2+!4::49,)2-,-%.8!#$-.!:94:4./1!347:1%7%2,.!%6649,.! ,4!9/-.%!6)9,$%9!

!"#2#$*+$,$.##'$402$(20/)"$

5-,.+$*.$+#6)02+$+&6"$,+$

,(2*6&-)&2#:$/"*6"$6,.$%00+)$

C0%$62#,)*0.$

80&)"$942*6,G+$#35-073#.)$

62*+*+$*+$6",2,6)#2*+#'$%7$

"*("$C0%-#++.#++$,30.($

70&)"$$

&'"'!(DEFG#!HGI@GJ!

!U!

%*)3/,-42!/2*! ,9/-2-2+! N]G#P!3411%+%!%29417%2,<!094/*%2-2+! ,$%! 9/2+%!46!

4::49,)2-,-%.!649!>4)2+!.3$441!1%/=%9.8!!

!1+&)%2#7+%,#$2.+,'+%0%,#)$+#$5+%0=='",+*"'A,-+

#$%! :9)*%2,!7/2/+%7%2,! 46! ,$%! :)01-3! 6-2/23%.! 4=%9! ,$%! :/.,! *%3/*%! Q!

.-+2/11%*!0>!,$%!14;!1%=%1!46!:)01-3!*%0,!Q!%2/01%*!A4),$!B69-3/!,4!.)::49,!

*%7/2*! -2! ,$%! %34247>! 0>! .).,/-2-2+! :)01-3! .:%2*-2+! /2*! +94;-2+!

-269/.,9)3,)9%!-2=%.,7%2,!*%.:-,%!/!.-+2-6-3/2,!6/11!-2!,/5!9%=%2)%8!J-,$4),!

,$%.%! 7%/.)9%.<! ,$%! $)7/2! 34.,! 46! ,$%! 9%3%..-42! ;4)1*! $/=%! 0%%2! 6/9!

$-+$%98! X4;! ,$/,! ,$%! %34247>! -.! +94;-2+! /+/-2<! +4=%927%2,! ;-11!

+9/*)/11>!9%*)3%!,$%!*%6-3-,!/2*!74*%9/,%!:)01-3!*%0,!.4!,$/,!6-.3/1!:41-3>!

3/2!342,-2)%!,4!:1/>!/!.)::49,-=%!/2*!*%=%14:7%2,/1!941%8!!

#$%! 342.%[)%23%.! 46! )2.).,/-2/01%! *%0,! 1%=%1.! $/=%! 0%%2! $-+$1-+$,%*! -2!

9%3%2,!742,$.8!F9%%3%<!649!%5/7:1%<!$/.!6/3%*!/!.$/9:!9-.%!-2!-,.!04994;-2+!

34.,.!/2*!7).,!,/C%!%5,9/49*-2/9>!/).,%9-,>!7%/.)9%.!,4!9%*)3%!/!*%6-3-,!46!

4=%9! "&!:%9!3%2,! 46!FEO! ,4! 0%14;!^!:%9!3%2,! -2! M).,! ,$9%%! >%/9.8! @9%1/2*<!

A:/-2<! ,$%! D2-,%*! `-2+*47! /2*! ,$%! D2-,%*! A,/,%.! $/=%! ,4! 3),! :)01-3!

.:%2*-2+! .$/9:1><! -231)*-2+! 9%*)3-2+! :)01-3L.%3,49! ./1/9-%.! /2*! .3/1-2+!

0/3C! 42! :%2.-42! /2*! .43-/1! :94,%3,-42! 7%/.)9%.8! A4),$! B69-3/! *4%.! 24,!

$/=%! ,4! 9%.:42*! -2! .)3$! /! .%=%9%! ;/>! 0%3/).%! ;%! 9%*)3%*! 4)9! *%0,!

401-+/,-42.!;$%2!,$%!%34247>!;/.!:%96497-2+!;%118!X%=%9,$%1%..<!;%!,44!

$/=%!,4!9%*)3%!4)9!*%6-3-,!4=%9!,-7%8!!

F%2%9/11><! 34)2,9-%.!;-,$! $-+$! *%0,! 1%=%1.! N.)3$! /.! f/:/2<!F9%%3%<! @,/1>P!

3/2! 0%! %5:%3,%*! ,4! +94;! 749%! .14;1>! ,$/2! 34)2,9-%.! ;-,$! 14;! *%0,! 49!

.)9:1).%.! N?$-2/<!?$-1%P8!A4),$!B69-3/\.!2%,! 14/2!*%0,! -.!%5:%3,%*! ,4! 9-.%!

6947! &&8d!:%9!3%2,! -2! &''Ug'S! ,4! /04),! TT!:%9!3%2,! 0>! &'"cg"e! 0%649%!

.,/0-1-.-2+8! F-=%2! ,$%! 2%%*! 649! 9/:-*! %34247-3! +94;,$! ,4! 044.,!

%7:14>7%2,<! 4)9! %34247>! 3/224,! /6649*! ,44! .$/9:! /! 9-.%! -2! *%0,8!

A-7-1/91><!-2!,$%!.$49,!,%97<!;%!3/224,!/6649*!,4!14;%9!*%0,!,44![)-3C1>8!!

@)*0".+:DL++M'$%'7)5#,.5+*'>."$(.$,+".>.$0.+#$5+.?=.$5),0".+

&#

&*

&$

()

(&

(#

(*

&)))

3)!

&))!

3)&

&))&

3)(

&))(

3)#

&))#

3)'

&))'

3)*

&))*

3)4

&))4

3)$

&))$

3)5

&))5

3!)

&)!)

3!!

&)!!

3!&

&)!&

3!(

+-"

'1-3

%'#

:'!

D+

6/./78/

9:;/7<=>80/"

!

!

K0/$-#1#-+$04$5&%-*6$'#%)$

,--0/#'$(01#2.3#.)$)0$

2#+50.':$2#'&6*.($)"#$

"&3,.$60+)$04$2#6#++*0.$$

L*+6,-$62*+*+$*.$+0&)"#2.$

E&205#$'#30.+)2,)#+$)"#$

*3502),.6#$04$+&+),*.,%-#$

'#%)$-#1#-+$


!S

#$%!0)*+%,!*%6-3-,!$/.!-239%/.%*!:/9,1>!0%3/).%!,/5!9%=%2)%!6%11!0>!2%/91>!

^!:%9!3%2,!46!FEO!*)9-2+!,$%!9%3%..-428!B.!,$%!%34247>!9%34=%9.<!.4!,44!

;-11! 9%=%2)%.<! 0),! ;-,$! /! 1/+8! B.! /! 9%.)1,<! +4=%927%2,! ;-11! 04994;! ,$%!

*-66%9%23%! 0%,;%%2! 9%=%2)%! /2*! %5:%2*-,)9%<! 09-2+-2+! ,$%! *%6-3-,! ,4! /2!

%.,-7/,%*!d8^!:%9!3%2,!-2!&''Sg"'8!F4=%927%2,!;-11!:943%%*!-2!/!*%1-0%9/,%!

;/>! ,4! 9%*)3%! ,$%!*%6-3-,!4=%9! ,$%!2%5,! .%=%9/1!>%/9.8!#$-.!;-11! 9%[)-9%!/!

749%! 74*%9/,%! +94;,$! -2! :)01-3! .:%2*-2+8! K=%9! ,$%! 2%5,! ,$9%%! >%/9.<!

:)01-3! .:%2*-2+! -.! :94M%3,%*! ,4! +94;! 0>! /04),! &!:%9!3%2,! /! >%/9! -2! 9%/1!

,%97.<!347:/9%*!;-,$!/=%9/+%!9%/1!+94;,$!46!d8&!:%9!3%2,!4=%9!,$%!:%9-4*!

&''cg'e!,4!&''Ug'S8!J-,$-2!,$-.!%2=%14:%<!.:%2*-2+!42!C%>!:9-49-,-%.!;-11!

9-.%!749%!9/:-*1>8!F-=%2!/!*%+9%%!46!)23%9,/-2,>!-2!,$%!%34247-3!4),144C!

4=%9! ,$%! :%9-4*! /$%/*<! 04,$! ,/5! /2*! .:%2*-2+! :1/2.! 7/>! 2%%*! ,4! 0%!

/*M).,%*!,4!/3$-%=%!/!.).,/-2/01%!6-.3/1!0/1/23%8!!

#4! 6)2*! -269/.,9)3,)9%! -2=%.,7%2,<! .,/,%L4;2%*! %2,%9:9-.%.! $/=%!

.-+2-6-3/2,1>! -239%/.%*! ,$%-9! 04994;-2+.8! J$-1%! .47%! 46! ,$%-9! 3/:-,/1!

.:%2*-2+! 9%[)-9%7%2,.! 7/>! 0%! 6-2/23%*! 0>! $-+$%9! ,/9-66.<! ,$%.%! %2,-,-%.!

;-11!342,-2)%!,4!04994;!,4!.).,/-2!,$%!%5:/2.-42!46!,$%!34)2,9>\.!%34247-3!

-269/.,9)3,)9%8!]49! ,$-.! ,4!0%!7/*%!:4..-01%<!+4=%927%2,!$/.! ,4!74*%9/,%!

-,.!31/-7!42!,$%!3/:-,/1!7/9C%,.!0>!9%*)3-2+!-,.!04994;-2+.8!!

#$%! *%=%14:7%2,! 6-2/23%! -2.,-,),-42.! /9%! :1/>-2+! /2! -7:49,/2,! 941%! -2!

.,%/*>-2+! 6-97.! ,$/,!/9%! -2!*-66-3)1,>!*)%! ,4! ,$%!3>31-3/1!*4;2,)92!/2*! -2!

.)::49,-2+!$-+$%9! 1%=%1.!46! -2=%.,7%2,8!#$%!E%=%14:7%2,!(/2C!46!A4),$!

B69-3/!-.!,/C-2+!,$%!1%/*!-2!.)::49,-2+!7)2-3-:/1!-269/.,9)3,)9%!-2=%.,7%2,!

-2!;/,%9!/2*!./2-,/,-42h!,$%!_/2*!(/2C!-.!:4-.%*!,4!:1/>!/!749%!.)::49,-=%!

941%!-2!/+9-3)1,)9%!/2*!9)9/1!*%=%14:7%2,h!/2*!,$%!@2*).,9-/1!E%=%14:7%2,!

?49:49/,-42! ;49C.! ,4! -7:1%7%2,! +4=%927%2,\.! -2*).,9-/1! :41-3><!

.)::49,-2+!+94;,$!/2*!-224=/,-42!-2!.%=%9/1!-2*).,9-/1!.%3,49.8!!

!N&&)2).$,+#$5+.&&.2,)>.+=0C7)2+%.">)2.%++

K=%9! ,$%! 2%5,! 6%;! >%/9.<! +4=%927%2,! 7).,! *%1-=%9! 749%! .%9=-3%.! Q! /2*!

*%1-=%9! ,$%7! 749%! %66-3-%2,1>! Q! ;-,$-2! /! ,-+$,! 9%.4)93%! %2=%14:%8!

B3$-%=-2+!,$-.!40M%3,-=%!9%[)-9%.!/!2%;!;/>!46!;49C-2+Y!!

!! #$%!0)*+%,!$/.!0%%2! 9%:9-49-,-.%*! .4! ,$/,!742%>! -.!74=%*! 6947! 14;L

:9-49-,>!:94+9/77%.!,4!$-+$L:9-49-,>!:94+9/77%.8!

!! B! :%96497/23%! 3)1,)9%! ;$%9%! :%4:1%! /9%! $%1*! /334)2,/01%! 649! ,$%-9!

/3,-42.<! /3347:/2-%*! 0>! 31%/9<! 7%/.)9/01%! 4),347%.! 9%1/,%*! ,4! C%>!

*%=%14:7%2,!:9-49-,-%.8!

!! F4=%927%2,! ;-11! 7/2/+%! +94;,$! -2! -,.! 342.)7:,-42! %5:%2*-,)9%!

N;/+%.<!/2*!+44*.!/2*!.%9=-3%.P!/2*!40,/-2!0%,,%9!=/1)%!649!742%>!8!

!! ?499):,-42<!:/9,-3)1/91>!-2!,$%!,%2*%9!.>.,%7<!;-11!0%!):944,%*8!

O.=")'"),)%)$*+,-.+C05*.,+

#$%!&'"'!()*+%,!,/C%.!6)9,$%9!.,%:.!-2!9%:9-49-,-.-2+!:)01-3!%5:%2*-,)9%8!B!

,4,/1!46!HUd!0-11-42!$/.!0%%2!/**%*!,4!.:%2*-2+!:1/2.!4=%9! ,$%!2%5,!,$9%%!

>%/9.8! @2! +%2%9/1<! ,$%.%! 9%.4)93%.! +4! ,4! %*)3/,-42<! $%/1,$<! 9)9/1!

*%=%14:7%2,<! 39%/,-2+! M40.<! 6-+$,-2+! 39-7%<! -269/.,9)3,)9%! /2*! $)7/2!

.%,,1%7%2,.<!/2*!-7:94=-2+!143/1!+4=%927%2,8!!

@01#2.3#.)$/*--$),=#$

'#-*%#2,)#:$3#,+&2#'$+)#5+$

)0$%2*.($)"#$%&'(#)$%,6=$

)0/,2'$,$%,-,.6#'$50+*)*0.$

M.42,+)2&6)&2#$*.1#+)3#.)+$

%7$+),)#F0/.#'$#.)*)*#+$/*--$

2#<&*2#$"*("#2$),2*44+$,.'$

+*(.*4*6,.)$%0220/*.(+$

!"#$NOPO$Q&'(#)$*+$

6",2,6)#2*+#'$%7$+*(.*4*6,.)$

2#52*02*)*+,)*0.$04$2#+0&26#+$

&'"'!(DEFG#!HGI@GJ!

!"'!

#$%! &'"'!()*+%,! :943%..! 643).%*! 24,! 421>! 42! ;$%9%! +4=%927%2,! 34)1*!

/**! 749%! 742%><! 0),! /1.4! ;$%9%! ./=-2+.! 34)1*! 0%! 7/*%! /2*! .:%2*-2+!

9%*)3%*! 0>! :4.,:42-2+<! 3/23%11-2+! 49! ;-2*-2+! *4;2! 14;L:9-49-,>! /2*!

-2%66%3,)/1! :94+9/77%.8! B,! 2/,-42/1! 1%=%1<! /04),! H&c8e!0-11-42! $/.! 0%%2!

64)2*!4=%9!,$%!7%*-)7L,%97!%5:%2*-,)9%!69/7%;49C!NR#G]P!Q!,$%!,$9%%L

>%/9! .:%2*-2+! :1/2! 46! +4=%927%2,! Q! 649! 9%/1143/,-42! ,4! $-+$%9! :9-49-,-%.<!

,/C-2+! ,4,/1! 3$/2+%.! ,4! .:%2*-2+! ,4! H""&!0-11-428! B04),! H"^! 0-11-42! 46!

./=-2+.!$/=%!0%%2!-*%2,-6-%*!/,!/!:94=-23-/1!1%=%18!!!

G66-3-%23>!./=-2+.!$/=%!0%%2!-*%2,-6-%*!-2!/11!*%:/9,7%2,.<!;-,$!.:%2*-2+!

42! +44*.! /2*! .%9=-3%.<! ,9/=%1<! /334774*/,-42<! 3426%9%23%.! /2*! 3/,%9-2+!

.,9-3,1>!3)9,/-1%*8!#$%!3/23%11/,-42!46! ,$%!B-90).!BT''R!7-1-,/9>!/-939/6,!

342,9/3,!;-11!./=%!/04),!H"^!0-11-42!4=%9!,$%!2%5,!.%=%2!>%/9.8!!

#$%! .%342*! :$/.%! 46! ,$%! ./=-2+.! %5%93-.%! $/.! /19%/*>! 0%+)2<! ;-,$!

*%:/9,7%2,.! /..%..-2+! ,$%! 941%<! :)9:4.%! /2*! %66%3,-=%2%..! 46! ,$%-9!

:94+9/77%.! /2*! :)01-3! %2,-,-%.<! /2*! ;$%,$%9! ,$4.%! 6)23,-42.! 3/2! 0%!

:%96497%*!/,!/! 14;%9!34.,8!#$%!,$-9*!:$/.%<!/!347:9%$%2.-=%!%5:%2*-,)9%!

9%=-%;<! ;-11! 0%! 342*)3,%*! M4-2,1>! 0>! ,$%! X/,-42/1! #9%/.)9>! /2*! ,$%!

O9%.-*%23><!4=%9.%%2!0>!,$%!R-2-.,%9.\!?477-,,%%!42!,$%!()*+%,8!!

!

@01#2.3#.)$*+$50+)50.*.(:$

6,.6#--*.($02$/*.'*.($'0/.$

-0/F52*02*)7$,.'$*.#44#6)&,-$

520(2,33#+$

!"#$;*.*+)#2+G$D033*))##$

0.$)"#$Q&'(#)$/*--$01#2+##$,$

60352#"#.+*1#$2#1*#/$04$

#>5#.'*)&2#$

1+$.A+C05*.,+="'2.%%+)$+F#"7)#(.$,+

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

O2!*.--),71!+#$!8,'6$0.,$!/*!)*!5'&&';*^!!

!! U',+5'&/'!6'--/++$$*!),$!$?8$6+$0!+'!+)(&$!)22.)&!(.0%$+),7!,$9/$;!)20!,$6'--$20)+/'2!,$8',+*1!;#/6#!-.*+!)**$**!$)6#!0$8),+-$2+>*!*$,9/6$!0$&/9$,7!8$,5',-)26$!)20!-)7!/26&.0$!,$6'--$20)+/'2*!'2!+#$!5',;),0! .*$! '5! ,$*'.,6$*:! "#$*$! ,$8',+*! ),$! /2+$20$0! +'! ($! )9)/&)(&$! +'! +#$! X)+/'2)&! 4**$-(&7! 5',!6'2*/0$,)+/'2!)&'2%*/0$!+#$!;#'*&3$!#23$Q&'(#)$J0-*67$8),)#3#.)!\G"FU3]:!

!! P/+#/2!ID!0)7*!'5! +#$!G/2/*+$,! +)(&/2%! +#$!G"FU31!U),&/)-$2+_*! 5/2)26$!)20!)88,'8,/)+/'2!6'--/++$$*!-.*+!,$8',+!'2!+#$!8,'8'*$0!5/*6)&!5,)-$;',<!)20!+#$!0/9/*/'2!'5!,$9$2.$:!!O2!8,$8),/2%!+#$!(.0%$+1!+#$!G/2/*+$,!-.*+!6'2*/0$,!+#$*$!,$8',+*!)20!,$*8'20!+'!+#$/,!,$6'--$20)+/'2*:!!

!! Z26$!+#$!(.0%$+!#)*!($$2!+)(&$0!/2!U),&/)-$2+1!+#$!5/*6)&!5,)-$;',<!)20!,$9$2.$!8,'8'*)&*!),$!,$5$,,$0!+'! +#$! 5/2)26$! 6'--/++$$*1! ;#/6#! -.*+! 8,$8),$! )! ,$8',+! )66$8+/2%! ',! )-$20/2%! +#$! 5,)-$;',<:! O5!)-$20-$2+*!),$!8,'8'*$01!+#$!G/2/*+$,!#)*!)2!'88',+.2/+7!+'!,$*8'201!5'&&';/2%!;#/6#!U),&/)-$2+!-.*+!)88,'9$!)!5/*6)&!5,)-$;',<:!!

!! U),&/)-$2+>*!)88,'8,/)+/'2!6'--/++$$*!+#$2!#)9$!+'!6'2*/0$,!)20!,$8',+!'2!+#$!T/9/*/'2!'5!V$9$2.$!F/&&1!;#/6#!)&&'6)+$*!)9)/&)(&$!,$*'.,6$*!($+;$$2!2)+/'2)&1!8,'9/26/)&!)20!&'6)&!%'9$,2-$2+:!Q#)2%$*!-)7!($!8,'8'*$0!8,'9/0$0!+#$7!),$!6'2*/*+$2+!;/+#!+#$!)88,'9$0!5/*6)&!5,)-$;',<:!!

!! "#$! 488,'8,/)+/'2! F/&&! -)7! +#$2! ($! 6'2*/0$,$0! )20! )88,'9$0:! "#/*! (/&&! )&&'6)+$*! ,$*'.,6$*! ($+;$$2!(.0%$+!9'+$*!5',!2)+/'2)&!0$8),+-$2+*!)20!)**'6/)+$0!$2+/+/$*1!/26&.0/2%!6'20/+/'2)&!%,)2+*!+'!8,'9/26$*!)20!-.2/6/8)&/+/$*:!O5!)2!)-$20-$2+!+'!+#$!488,'8,/)+/'2!F/&&!/*!8,'8'*$01!/+!-.*+!($!6'2*/*+$2+!;/+#!+#$!)88,'9$0!5/*6)&!5,)-$;',<!)20!T/9/*/'2!'5!V$9$2.$!46+:!!

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

"#$!G/2/*+$,>*!,$*8'2*$!+'!+#$!,$6'--$20)+/'2*!'5!U),&/)-$2+!'2!+#$!CDDM!G"FU31!;#/6#!#)9$!($$2!+)<$2!/2+'!)66'.2+!/2!8,$8),/2%!+#$!CDED!F.0%$+1!/*!*$+!'.+!/2!422$?.,$!4:!


!""

#$%! 0)*+%,! /1.4! $/.! ,4! .,9-C%! /! 3/9%6)1! 0/1/23%! 0%,;%%2! ,$%! 7/M49!

3/,%+49-%.! 46! .:%2*-2+! N:%9.422%1! 34.,.<! +44*.! /2*! .%9=-3%.<! 3/:-,/1!

.:%2*-2+!/2*! ,9/2.6%9.! ,4!$4).%$41*.P<! .-23%!%/3$!46! ,$%.%!$/=%!*-66%9%2,!

-7:1-3/,-42.! 649! ,$%! %34247>8! @2! &''U! /2*! &''S<! :)01-3L.%3,49! ./1/9-%.!

+9%;!749%![)-3C1>! ,$/2!/2,-3-:/,%*8!O/9,!46! ,$-.!+94;,$!;/.!2%3%../9>!,4!

/*M).,!./1/9-%.!649!C%>!3/,%+49-%.!46!:946%..-42/1.8!@2!/**-,-42<!*-9%3,!:)01-3!

%7:14>7%2,! -239%/.%*! 9/:-*1><! %.:%3-/11>! -2! $%/1,$<! :41-3-2+! /2*!

%*)3/,-428!X4;!,$/,!,$%.%!433):/,-42L.:%3-6-3!/*M).,7%2,.!$/=%!433)99%*<!

./1/9>!-239%/.%.!4=%9!,$%!2%5,!,$9%%!>%/9.!;-11!$/=%!,4!0%!749%!74*%9/,%!,4!

0%! /01%! ,4! .).,/-2! :4.-,-=%! +94;,$! -2! %7:14>7%2,! /2*! -269/.,9)3,)9%!

.:%2*-2+8!!

#$-.!>%/9<!2%;!1%+-.1/,-42!347%.!-2,4!%66%3,!.%,,-2+!4),!:943%*)9%.!,4!%66%3,!

/! 142+.,/2*-2+! 342.,-,),-42/1! 9%[)-9%7%2,Y! ,$%! /0-1-,>! 46! O/91-/7%2,! ,4!

/7%2*!742%>!0-11.8!#4!+-=%!6)11!%66%3,! ,4! ,$%!2%;!1%+-.1/,-42<!O/91-/7%2,!

2%%*.! +9%/,%9! 3/:/3-,>! ,4! .)::49,! -,.! 3477-,,%%.<! /2*! ,$%! %5%3),-=%! ;-11!

;49C!749%!314.%1>!;-,$!,$%!1%+-.1/,)9%!-2!*%=%14:-2+!,$%!2/,-42/1!0)*+%,8!!

P.#%0"#C7.+=."&'"(#$2.+#$5+#22'0$,#C7.+5.7)>."3++

F4=%927%2,! -.! /*4:,-2+! /! 2%;! /::94/3$! ,4! *%1-=%9>! ,$/,! 643).%.! 42!

4),347%.8! #$%! O9%.-*%23>! $/.! .%,! 4),! "&! 31%/9<! 7%/.)9/01%! 4),347%.8!

?$/:,%9!U! *-.3)..%.! ,$%! :9-49-,>! 4),347%.! -2! *%,/-1! /2*! *%.39-0%.! $4;!

9%.4)93%.!/9%!/1143/,%*! ,4! .)::49,! ,$%-9!/3$-%=%7%2,8!#$-.!2%;!/::94/3$<!

,4+%,$%9!;-,$!%2$/23%*!:1/22-2+<!742-,49-2+!/2*!%=/1)/,-42!3/:/3-,><!/-7.!

,4! +-=%! +9%/,%9! -7:%,).! ,4! *%=%14:7%2,! /2*! .%9=-3%! *%1-=%9>!

-7:94=%7%2,.<! /2*! ,4! 7/C%! /! 7%/2-2+6)1! -7:/3,! 42! ,$%! 1-=%.! 46! A4),$!

B69-3/2.8!!

#$%!2%;!/::94/3$!9%[)-9%.!,$%!:)01-3!.%9=-3%!,4!;49C!*-66%9%2,1>8!@2!%/3$!

46! ,$%!:9-49-,>! /9%/.<!*%1-=%9>! /+9%%7%2,.!;-11!0%!2%+4,-/,%*!0%,;%%2! ,$%!

O9%.-*%23>!/2*! ,$%!9%1%=/2,!.%9=-3%!*%1-=%9>!649)78!#$%.%!;-11!342.-.,!46!

+4=%927%2,!*%:/9,7%2,.!/,!/11!1%=%1.!/2*!4,$%9!9%.%/93$!/2*!-7:1%7%2,-2+!

/+%23-%.8!#$%!*%1-=%9>!/+9%%7%2,!;-11!,$%2!0%!.-+2%*!0>!,$%!O9%.-*%2,!/2*!

/11!,$%!7/M49!9%:9%.%2,/,-=%.!-2!/!.%3,498!#$-.!/::94/3$!2%3%..-,/,%.!314.%9!

344:%9/,-42! 0%,;%%2! +4=%927%2,! /,! 2/,-42/1<! :94=-23-/1! /2*! 143/1! 1%=%1<!

/2*!/+%23-%.!/2*!3477)2-,-%.!-2=41=%*!-2!,$%!*%1-=%9>!46!C%>!.%9=-3%.8!B2!

%5/7:1%!46! ,$-.! /::94/3$!%7%9+%*!%/91-%9! ,$-.!>%/9<!;$%2! ,%/3$%9!)2-42.!

3477-,,%*! ,$%7.%1=%.! ,4! 9/-.%! ,$%! 0/9! 649! :%96497/23%! /2*! [)/1-,>!

,%/3$-2+!-2!,$%!31/..9447<!/2*!,4!.,/7:-2+!4),!*-.9):,-42!,4!,%/3$-2+!,-7%8!!

A-7-1/9!/+9%%7%2,.!;-11!0%!2%+4,-/,%*!-2!%/3$!46!,$%!"&!/9%/.<!;-,$!,$%!,4:!

:9-49-,-%.! .%,! ,4! 0%! 347:1%,%*! -2! ,$%! 6-9.,! $/16! 46! ,$-.! >%/98! #$%.%!

/+9%%7%2,.! :94=-*%! /! :1/,6497! 649! -239%/.%*! :)01-3! .39),-2>! 46!

+4=%927%2,\.!;49C! /2*!:%96497/23%8!#$%.%! 9%6497.!;-11! /1.4! .,9%2+,$%2!

*%7439/3>!0>!:9474,-2+!+9%/,%9!:)01-3!/334)2,/0-1-,>8!!

B2! /::94/3$! +%/9%*! ,4! %7:$/.-.%! :%96497/23%! 9%[)-9%.! /! .%,! 46!

347:1%7%2,/9>! 9%6497.! ,4! 9%=-,/1-.%! ,$%! :)01-3! .%9=-3%<! /2*! ,4! 39%/,%! /!

3)1,)9%! 46! %66-3-%23><! %66%3,-=%2%..<!:94*)3,-=-,>! /2*! 9%.:%3,! 649! 3-,-W%2.8!

(%,,%9!:)01-3!.%9=-3%.!/1.4!9%[)-9%!:/9,2%9.$-:.!;-,$!3477)2-,-%.<!401-+-2+!

143/1!+4=%927%2,!,4!0%347%!749%!9%.:42.-=%8!!

J&%-*6F+#6)02$+,-,27$

*.62#,+#+$01#2$)"#$.#>)$

)"2##$7#,2+$/*--$",1#$)0$%#$

302#$30'#2,)#$

9$.#/$20-#$402$J,2-*,3#.)$*.$

)"#$%&'(#)$5206#++$

!"#$$%&'(%)*+'#$'$(%)(

',-').%/0+'(.%.()1/(

#23#4$(-+1.0*'(/5'(

+'$02/$(3'(3#)/'.6(5')*'(

/5'(10/*17'$(#).(

7'#$0+#82'(10/-0/$(

#--+1#*59:(;$$

;*.*+)#2$*.$)"#$J2#+*'#.67$

D0--*.+$D",%,.#$$

&'"'!(DEFG#!HGI@GJ!

!"&!

F"'20".(.$,+".&'"(%+#$5+&)*-,)$*+2'""0=,)'$+

K=%9! ,$%!:/.,!*%3/*%<! ,4! -7:94=%!%66-3-%23>!/2*!/334)2,/0-1-,><!*%3-.-42.!

42!:943)9%7%2,!;%9%!*%3%2,9/1-.%*! ,4!*%:/9,7%2,/1! 1%=%18!B2!)2-2,%2*%*!

342.%[)%23%!46! ,$-.!:943%..!$/.!0%%2! ,$%! 69/+7%2,/,-42!46!/334)2,/0-1-,>!

/2*!/2!-239%/.%!-2!/0).%!46!,$%!,%2*%9!.>.,%78!!

@6! +4=%927%2,! -.! 24,! /01%! ,4! 3)90! 3499):,-42! -2! :943)9%7%2,! :943%..%.<!

3426-*%23%!-2!4)9!*%7439/,-3!+4=%927%2,!;-11!9/:-*1>!%94*%8!?499):,-42!-.!

:/9,!46!/!094/*%9!:9401%7!/..43-/,%*!;-,$!/!2/994;!=-%;!46!%7:4;%97%2,!

,$/,! $/.! 0%347%! 749%! ;-*%.:9%/*8! G7:4;%97%2,! -.! /04),! 0)-1*-2+!

3/:/0-1-,-%.! .4! ,$/,! :%4:1%! 3/2! 342,9-0),%! ,4! %34247-3! *%=%14:7%2,! /2*!

-7:94=%! ,$%-9! 1-=%.! /2*! 1-=%1-$44*.<! 24,! /04),! %5,9/3,-2+! 1/9+%! %34247-3!

9%2,.!6947!+4=%927%2,8!!

#4!9%*)3%!3499):,-42!/2*!,4!14;%9!,$%!34.,.!46!:943)9-2+!3%9,/-2!+44*.!/2*!

.%9=-3%.<! +4=%927%2,! -2,%2*.! ,4! 9%6497! ,$%! :943)9%7%2,! .>.,%78!F9%/,%9!

,9/2.:/9%23>! N-231)*-2+! %1%3,942-3! :943)9%7%2,! .>.,%7.P<! /97.L1%2+,$!

347:%,-,-=%!,%2*%9-2+!:943%..%.!/2*!:94=-*-2+!+9%/,%9!3%9,/-2,>!,4!-2*).,9>!

/04),!:943)9%7%2,!:-:%1-2%.!;-11! 342,9-0),%! ,4!/3$-%=-2+!0%,,%9! =/1)%! 649!

742%>8!R49%!3%2,9/1-.%*!:943)9%7%2,!/99/2+%7%2,.!;-11!0%!/*4:,%*!;$%9%!

,$-.!342,9-0),%.!,4!+9%/,%9!%66-3-%23>!/2*!,9/2.:/9%23>8!!

@2! /**-,-42<! /! .)::1>! 3$/-2! 347:1-/23%! )2-,! $/.! 0%%2! %.,/01-.$%*! -2! ,$%!

X/,-42/1! #9%/.)9>8! @,! ;-11! -2=%.,-+/,%! 347:1-/23%! ;-,$! ,%2*%9! 9)1%.! /2*!

:943%*)9%.<! /2*! ;49C! ;-,$! ,$%! A:%3-/1! @2=%.,-+/,-2+! D2-,! ,4! -2=%.,-+/,%!

.:%3-6-3!,%2*%9.!;$%9%!,$%9%!-.!.).:-3-42!46!3499):,-428!?14.%9!344:%9/,-42!

0%,;%%2! ,$%! A:%3-/1! @2=%.,-+/,-2+! D2-,<! ,$%! A4),$! B69-3/2! H%=%2)%!

A%9=-3%<! ,$%! ]-2/23-/1! @2,%11-+%23%! ?%2,9%! /2*! ,$%! A4),$! B69-3/2! O41-3%!

A%9=-3%!;-11!$/.,%2!%66%3,-=%!:94.%3),-42!46!:%4:1%!64)2*!,4!0%!*%69/)*-2+!

+4=%927%2,!,$94)+$!,$%!,%2*%9!.>.,%78!B2!-2,%9L7-2-.,%9-/1!,/.C!,%/7!$/.!

0%%2!%.,/01-.$%*!,4!3449*-2/,%!/2,-L3499):,-42!-2-,-/,-=%.8!

!Q>.">).A+'&+,-.+89:9+;05*.,+

N2'$'()2+'0,7''G+#$5+.(=7'3(.$,+

#$%! 9%3%..-42! ,44C! /! $%/=>! ,411! 42! A4),$! B69-3/<! ;-,$! .47%! Ud'!'''!

:%4:1%!14.-2+!,$%-9!M40.!-2!&''S!/2*!$4).%$41*.!.[)%%W%*!0%,;%%2!6/11-2+!

-2347%.!/2*!$-+$!1%=%1.!46!*%0,8!B.!,$%!9%34=%9>!.,9%2+,$%2.<!A4),$!B69-3/!

6/3%.! ,$%! 9%1/,%*! 3$/11%2+%.! 46! .).,/-2-2+!+94;,$!;$-1%! /,! ,$%! ./7%! ,-7%!

7/C-2+!,$%!3$/2+%.!2%3%../9>!,$/,!;-11!/114;!649!749%!9/:-*!/2*!-231).-=%!

%34247-3!%5:/2.-42!-2!>%/9.!/$%/*8!

?$/:,%9! &! .%,.! 4),! +4=%927%2,\.! %34247-3! 649%3/.,.! /2*! :4-2,.! ,4! ,$%!

:41-3>! 3$/2+%.! 2%%*%*! ,4! :1/3%! ,$%! %34247>! 42! /! 749%! 347:%,-,-=%!

644,-2+8!`%>! -2,%9=%2,-42.!9%[)-9%*! -231)*%!9%+)1/,49>!9%6497.! ,$/,! 14;%9!

0).-2%..! 34.,.! /2*! %234)9/+%! %7:14>7%2,<! 6)9,$%9! %6649,.! ,4! .)::49,!

-2=%.,7%2,!/2*!./=-2+.<!/2*!.)::49,-2+!/!749%!1/04)9L-2,%2.-=%!-2*).,9-/1!

:41-3>8!!

?$/:,%9! ^! 643).%.! .:%3-6-3/11>! 42! %7:14>7%2,8! @,! /2/1>.%.! 142+L,%97!

,9%2*.<!*-.3)..%.!M40!14..%.!*)9-2+!,$%!9%3%..-42<!/2*!9%=-%;.!9%.%/93$!42!

,$%! 6/3,49.! 0%$-2*! >4),$! )2%7:14>7%2,8! #$%! 3$/:,%9! :94=-*%.! .,942+!

%=-*%23%! ,4! .)++%.,! ,$/,! ;$-1%! A4),$!B69-3/\.! 1/04)9!7/9C%,! 9%+)1/,-42.!

!<5'$'(=*1++0-/>(/').'+$(

#+'(/5'(8%??'$/(/5+'#/(/1(

10+(+'&120/%1)9:(R$$

;*.*+)#2$04$S*("#2$E'&6,)*0.$

,.'$!2,*.*.($Q-,'#$

HT*3,.'#$

M.)#2F,(#.67$6005#2,)*0.$

/*--$",+)#.$#44#6)*1#$

520+#6&)*0.$04$)"0+#$

'#42,&'*.($(01#2.3#.)$

!0$+&5502)$302#$*.6-&+*1#$

(20/)":$2#(&-,)027$2#4023+$

)",)$#.60&2,(#$#35-073#.)$

,2#$.##'#'$


!"^

/9%!;%11!.,9)3,)9%*<!,$%9%!/9%!)2-2,%2*%*!342.%[)%23%.!,$/,!7/>!342,9-0),%!

,4! $-+$! )2%7:14>7%2,<! .)3$! /.! 0/9+/-2-2+! /99/2+%7%2,.! 643).%*! 42!

9/-.-2+!,$%!7-2-7)7!;/+%!,$/,!:9-3%!-2%5:%9-%23%*!;49C%9.!4),!46!,$%!M40!

7/9C%,8! #$%! 3$/:,%9! *-.3)..%.! /! 9/2+%!46! :41-3>! -2,%9=%2,-42.! ,$/,! 34)1*!

342,9-0),%!,4!$-+$%9!%7:14>7%2,!+94;,$8!!!

]4114;-2+! /! "8U!:%9!3%2,! FEO! 342,9/3,-42! -2! &''S<! ,$%! A4),$! B69-3/2!

%34247>! -.! :94M%3,%*! ,4! +94;! 0>! &8^!:%9!3%2,! ,$-.! >%/9<! 9-.-2+! ,4!

^8e!:%9!3%2,!0>!&'"&8!]/3,49.!*9-=-2+!$-+$%9!+94;,$!-231)*%!/!9%34=%9>!-2!

,$%! +140/1! %34247><! $-+$%9! 34774*-,>! :9-3%.! /2*! .).,/-2%*! +94;,$! -2!

+4=%927%2,! .:%2*-2+8!#$%9%! /9%<! $4;%=%9<! .-+2-6-3/2,! 9-.C.! ,4! ,$%!+140/1!

4),144C8! @2! :/9,-3)1/9<! 1/9+%! 0)*+%,! *%6-3-,.! -2! *%=%14:%*! 34)2,9-%.! /2*!

/..%,!:9-3%!0)001%.!-2!B.-/!/9%!3/).%!649!3423%928!!

G5:/2.-42/9>! 6-.3/1! /2*! 742%,/9>! :41-3-%.! $/=%! .)::49,%*! ,$%! %34247>!

*)9-2+! ,$%! 9%3%..-42! /2*! 342,-2)%! ,4! .)::49,! ,$%! 9%34=%9>8!X%=%9,$%1%..<!

$-+$! 1%=%1.! 46! *%0,! 342,-2)%! ,4! 342.,9/-2! $4).%$41*! 342.)7:,-42!

%5:%2*-,)9%8!A14;%9!*%7/2*!+94;,$! /2*! ,$%!)23%9,/-2! %34247-3!4),144C!

$/=%!9%*)3%*!:9-=/,%L.%3,49!3/:-,/1!-2=%.,7%2,8!B.!,$%!9%34=%9>!,/C%.!$41*<!

:9-=/,%! -2=%.,7%2,! ;-11! :-3C! ):8! #$%! &'"'!]@]B! J491*! ?):! -.! /1.4!

%5:%3,%*! ,4! :94=-*%! /! 044.,! ,4! ,$%! %34247><! 342,9-0),-2+! /04),!

'8c!:%9!3%2,!46!FEO!,$-.!>%/98!!

@)*0".+:DR++P#2"'.2'$'()2+&'".2#%,%+I2#7.$5#"+3.#"K+

+&

+!

)

!

&

(

#

'

*

4

$

&))5

&)!)

&)!!

&)!&

+-"

'1-3

%

6/1?"@AB"20CD>E"F&))5"G8<2/>"HC0/I1J>K

6/1?"@AB"20CD>E"F&)!)"G8<2/>"HC0/I1J>K

LBM"=7H?1>=C7"F&)!)"G8<2/>"HC0/I1J>K

!

?$/:,%9!&! /1.4!:94=-*%.!/!*%,/-1%*!4),1-2%!46!+4=%927%2,\.!:41-3>! .,/23%!

42! -261/,-42! /2*! ,$%! %53$/2+%! 9/,%8! B! 3477-,7%2,! ,4! 14;%9-2+! 4)9!

-261/,-42! 9/,%! N/2*! ,$%9%649%! 142+L,%97! -2,%9%.,! 9/,%.P! 9%1/,-=%! ,4! ,$4.%! 46!

4)9! 7/M49! ,9/*-2+! :/9,2%9.! -.! %7:$/.-.%*<! /142+.-*%! 34)2,%93>31-3/1!

742%,/9>!/2*!6-.3/1!:41-3-%.!,$/,!;-11!342,9-0),%!,4!/!749%!347:%,-,-=%!/2*!

.,/01%!%53$/2+%!9/,%8!!

@)%2#7+#$5+,#?+='7)23++

?$/:,%9! T! *-.3)..%.! 6-.3/1! :41-3>8!A4),$!B69-3/\.! $%/1,$>!:)01-3! 6-2/23%.!

%2/01%*! /! .-+2-6-3/2,! .,-7)1).! 4=%9! ,$%! :/.,! >%/9<! /2*! 6-.3/1! :41-3>! ;-11!

342,-2)%!,4!342,9-0),%!,4!,$%!*47%.,-3!%34247-3!9%34=%9>8!@2!/**-,-42<!14;!

!"#$'03#+)*6$#60.037$*+$

520C#6)#'$)0$(20/$%7$

NUA$5#2$6#.)$)"*+$7#,2$

!"#$LML9$V02-'$D&5$+"0&-'$

60.)2*%&)#$,%0&)$

OUW$5#2$6#.)$04$@XJ$*.$NOPO$$

@01#2.3#.)$,44*23+$*)+$

6033*)3#.)$)0$-0/$*.4-,)*0.$

,.'$,$302#$6035#)*)*1#$,.'$

+),%-#$#>6",.(#$2,)#$

&'"'!(DEFG#!HGI@GJ!

!"T!

1%=%1.!46!:)01-3!*%0,!/3$-%=%*!0%,;%%2!&''T!/2*!&''U!$/=%!/114;%*!:)01-3!

349:49/,-42.! ,4! -239%/.%! -269/.,9)3,)9%! -2=%.,7%2,<! 6)9,$%9! .)::49,-2+!

+94;,$!-2!,$%!.$49,!/2*!142+!,%978!!

#$%!0)*+%,!0/1/23%!$/.!;-*%2%*!0>!4=%9!U!:%9!3%2,!46!FEO!.-23%!&''dg'U8!

O)01-3!.:%2*-2+!$/.!-239%/.%*!0>!/04),!c!:%9!3%2,!46!FEO!/2*!9%=%2)%!$/.!

6/11%2!0>!4=%9!^!:%9!3%2,!46!FEO8!!

#$%!6-.3/1!:41-3>!*-.3)..-42!.%,.!4),!,$%!:/,$!0>!;$-3$!,$%!0)*+%,!;-11!0%!

094)+$,!0/3C!,4;/9*.!/!.).,/-2/01%!:4.-,-428!F4=%927%2,! -.!:94M%3,-2+!,4!

9%*)3%!,$%!*%6-3-,!+9/*)/11><!6947!/04),!d8^!:%9!3%2,!46!FEO!-2!&''Sg"'!,4!

/04),! T!:%9!3%2,! 0>! &'"&g"^8! #$-.! ;-11! 9%[)-9%! .14;%9! N,$4)+$! .,-11!

:4.-,-=%P!+94;,$!-2!:)01-3!.:%2*-2+<!/2*!/!+9/*)/1!9-.%!-2!,/5!9%=%2)%8!

!#C7.+:D:++M'$%'7)5#,.5+*'>."$(.$,+C05*.,

O+C)77)'$ 899JS:9 89:9S:: 89::S:8 89:8S:L

S,'**!+)?!,$6$/8+* RJR:L!!!!!! JRD:I!!!!!!!! KIL:R!!!!!!!! YEE:M!!!!!!!!

8&.*^!X'2A+)?!,$6$/8+* JL:C!!!!!!!! KI:E!!!!!!!!!! YC:E!!!!!!!!!! YK:J!!!!!!!!!!

&$**^!34Q`!+,)2*5$,* !ACK:M !AER:D !AEE:C !ACC:Y

!',#7+".2.)=,% TUVDT++++++ VLWDR++++++++ W8VDV++++++++ J88DL++++++++

Q.,,$2+!8)7-$2+* LYD:L!!!!!! RCK:M!!!!!!!! RYD:E!!!!!!!! JCI:K!!!!!!!!

04$/"*6"?$M.)#2#+) YNUA$$$$$$$ ZZUY$$$$$$$$$ [WUZ$$$$$$$$$ PPNUW$$$$$$$

",)2*5$,*!)20!*.(*/0/$* CJY:J!!!!!! CYL:D!!!!!!!! IER:D!!!!!!!! IIK:I!!!!!!!!

U)7-$2+*!5',!6)8/+)&!)**$+* RI:R!!!!!!!! JY:C!!!!!!!!!! JM:L!!!!!!!!!! KI:J!!!!!!!!!!

U)7-$2+*!5',!5/2)26/)&!)**$+* IC:Y!!!!!!!! CD:M!!!!!!!!!! D:Y!!!!!!!!!!!! D:D!!!!!!!!!!!!

Q'2+/2%$267!,$*$,9$ a!!!!!!!!!!! J:D!!!!!!!!!!!! EC:D!!!!!!!!!! CL:D!!!!!!!!!!

!',#7+=#3(.$,% WLUDL++++++ J9VD9++++++++ JVVDR++++++++ :+9UWDT+++++

;05*.,+C#7#$2. +X:VVDW +X:TWDT +X:RJDT +X:LTDL

J#26#.),(#$04$@XJ FZUA\ FYUN\ FWUO\ FBUP\

@20++$'03#+)*6$520'&6) N$BB[U[$$ N$Y[[U[$$$$ N$[YZUY$$$$ A$N[WUZ$$$$ !

?$/:,%9! c! *-.3)..%.! ,/5! :41-3>! /2*! :94:4./1.8! #/5! :41-3>! 342,-2)%.! ,4!

643).!42!-7:94=-2+!347:1-/23%!/2*!094/*%2-2+!,$%!,/5!0/.%8!!

@2! &''Sg"'<! ,/5! 9%=%2)%! -.! %5:%3,%*! ,4! 0%! /04),! HeS!0-11-42! 0%14;! ,$%!

49-+-2/1!0)*+%,!%.,-7/,%<! 9%61%3,-2+!.-+2-6-3/2,!;%/C2%..! -2! ,$%!%34247>8!

H%=%2)%!+94;,$!-.!%5:%3,%*!,4!9%34=%9!0),!;-,$!/!1/+8!@2!:/9,-3)1/9<!,/5%.!

6947! 347:/2>! :946-,.! /9%! 1-C%1>! ,4! 342,-2)%! 6/11-2+! 649! ,$%! 6-9.,! :/9,! 46!

&'"'<!421>!-239%/.-2+!-2!1/,%!&'"'!/2*!&'""8!!

F4=%927%2,!;-11! ,/C%! 6)9,$%9! .,%:.! ,4! 094/*%2! ,$%! ,/5! 0/.%! /2*! -7:94=%!

,/5!347:1-/23%!.4!,$/,!,$%!0)9*%2!46!7%%,-2+!,$%!34.,!46!:)01-3!.%9=-3%.!-.!

.$/9%*!%[)-,/01>8!!

?$/:,%9!e!.%,.!4),!,$%!.3/1%!/2*!.,9/,%+>!46!,$%!04994;-2+!:94+9/77%<!/2*!

:94=-*%.!/2!/..%..7%2,!46!,$%!%34247-3!-7:1-3/,-42.!46!,$-.!04994;-2+8!@,!

/1.4! :94=-*%.!749%! *%,/-1! 42! ,$%! -2=%.,7%2,! /2*! 04994;-2+! :1/2.! 46! ,$%!

7/M49! .,/,%L4;2%*! %2,%9:9-.%.8! #$%! :1/2.! 46! *%=%14:7%2,! 6-2/23%!

-2.,-,),-42!/9%!.)77/9-.%*8!!

O94+9%..!-2!9%*)3-2+!,$%!0)*+%,!*%6-3-,!7).,!,/C%!/334)2,!46!/!1/9+%!:)01-3L

.%3,49! 04994;-2+! 9%[)-9%7%2,<! ;$-3$! -.! 2%3%../9>! ,4! .).,/-2! 3/:-,/1!

.:%2*-2+! 0>! .,/,%L4;2%*! %2,%9:9-.%.! /2*! 7)2-3-:/1-,-%.8! @6! 2/,-42/1!

+4=%927%2,! *4%.! 24,! 74*%9/,%! -,.! 04994;-2+! 9%[)-9%7%2,<! :)01-3!

%2,%9:9-.%.!7/>!6-2*!-,!*-66-3)1,!,4!9/-.%!,$%!*%0,!2%3%../9>!,4!.).,/-2!,$%-9!

@01#2.3#.)$/*--$2#'&6#$)"#$

%&'(#)$'#4*6*)$(2,'&,--7:$

/"*6"$/*--$2#<&*2#$+-0/#2$

(20/)"$*.$5&%-*6$+5#.'*.($

!,>$2#1#.&#$402$NOO[]PO$*+$

+",25-7$%#-0/$)"#$02*(*.,-$

%&'(#)$#+)*3,)#:$2#4-#6)*.($

)"#$*35,6)$04$)"#$2#6#++*0.$

9$-,2(#$5&%-*6F+#6)02$

%0220/*.($2#<&*2#3#.)$*+$,$

.#6#++,27$6020--,27$)0$

+&+),*.*.($)"#$*.42,+)2&6)&2#$

520(2,33#$


!"c

1/9+%! -269/.,9)3,)9%! :94+9/77%.8! F4=%927%2,! /1.4! 9%34+2-.%.! ,$/,!

$4).%$41*.!/2*!0).-2%..%.!;-11!$/=%!,4!/*M).,<!4=%9!,-7%<!,4!$-+$%9!,/9-66.!

649! %1%3,9-3-,>! /2*! ;/,%9<! 342.-.,%2,! ;-,$! ,$%! %34247-3! 34.,! 46! ,$%.%!

.%9=-3%.8!!

X%,! 14/2! *%0,! 46! 2/,-42/1! +4=%927%2,! -.! :94M%3,%*! ,4! -239%/.%! 6947!

Hc&c8d!0-11-42!-2!B:9-1!&''U!,4!H"8^!,9-11-42!0>!R/93$!&'"^<!,$%!%2*!46!,$%!

:9%.%2,!R#G]! :%9-4*8! #$-.! .-+2-6-3/2,! -239%/.%! -2! 04994;-2+.! $/.! ,4! 0%!

9/-.%*! -2!*47%.,-3! /2*! 649%-+2!3/:-,/1!7/9C%,.!;$-3$!/9%! .,-11! 9%34=%9-2+!

6947!,$%!%66%3,.!46!,$%!+140/1!9%3%..-428!])9,$%9749%<!A4),$!B69-3/!/2*!,$%!

7/M49! .,/,%L4;2%*! %2,%9:9-.%.! $/=%! ,4! 347:%,%! 42! 3/:-,/1! 7/9C%,.! ;-,$!

4,$%9!34)2,9-%.!,$/,!$/=%!.-+2-6-3/2,!04994;-2+!9%[)-9%7%2,.8!!

/'2)#7+%.20"),3+#$5+-.#7,-+2#".+&)$#$2)$*+

A4),$! B69-3/\.! .43-/1! .%3)9-,>! .>.,%7! $/.! :94=%2! 9%.-1-%2,! *)9-2+! ,$%!

,)90)1%2,! %34247-3!342*-,-42.!46! ,$%!:/.,!>%/98!B174.,!"T!7-11-42!A4),$!

B69-3/2.!/9%!24;!9%3%-=-2+!.43-/1!+9/2,.<!/2*!,$-.!2)70%9!-.!.%,!,4!-239%/.%!

-2!,$%!347-2+!>%/9.!/.!/!9%.)1,!46!,$%!%5,%2.-42!46!,$%!:-*;#'."BB72&'$293&!

,4! 9%3-:-%2,.\! "U,$! 0-9,$*/>8! R%/2;$-1%<! ,$%! D2%7:14>7%2,! @2.)9/23%!

])2*!ND@]P!$/.!0%%2!/01%!,4!34:%!;-,$!,$%!.)9+%!-2!)2%7:14>7%2,!/2*!,$%!

9%.)1,/2,!-239%/.%!-2!31/-7.8!

#$%9%! -.<! $4;%=%9<! 342.-*%9/01%! 9447! 649! -7:94=%7%2,! -2! ,$%! .43-/1!

.%3)9-,>!.>.,%78!F4=%927%2,!-.!%5/7-2-2+!;/>.!,4!09-2+!*4;2!,$%!34.,!46!

/*7-2-.,%9-2+! ,$%!+9/2,.! .>.,%7!/2*!34)2,%9-2+! 69/)*)1%2,!31/-7.8!B,! ,$%!

./7%!,-7%<!.,/,),49>!6)2*.!.)3$!/.!,$%!D@]<!,$%!?47:%2./,-42!])2*.!/2*!

,$%! H4/*!B33-*%2,! ])2*! NHB]P! 34)1*! /11! :94=-*%! -7:94=%*! .%9=-3%! /2*!

0%,,%9! 34=%9/+%8! @2! E%3%70%9! &''S<! ?/0-2%,! /::94=%*! 6)2*/7%2,/1!

3$/2+%.!,4!,$%!HB]<!39%/,-2+!/!24L6/)1,!.>.,%7!,$/,!;-11!%5:/2*!/33%..!,4!

0%2%6-,.!,4!/!;-*%9!+94):!46!94/*!/33-*%2,!=-3,-7.!/2*!643).!9%.4)93%.!42!

,$4.%!74.,!.%9-4).1>!-2M)9%*8!H%6497.!,4!,$%!D@]!/2*!?47:%2./,-42!])2*.!

/9%!/1.4!)2*%9!342.-*%9/,-428!

I41)2,/9>!.43-/1! -2.)9/23%!-.!/1.4!)2*%9!.39),-2>8!_4;%9L-2347%!;49C%9.!

/9%! -11L.%9=%*! 0>! ,$%! %5-.,-2+! 9%,-9%7%2,! 6)2*-2+! /99/2+%7%2,.8!B2! -2,%9L

7-2-.,%9-/1! 3477-,,%%! -.! 9%=-%;-2+! 4:,-42.! 649! /! )2-=%9./1! ./=-2+.!

/99/2+%7%2,!,4!$%1:!14;L-2347%!;49C%9.!./=%!649!9%,-9%7%2,<!/2*!:94=-*%!

,$%7!/2*!,$%-9!*%:%2*/2,.!;-,$!+9%/,%9!:94,%3,-42!-2!,$%!%=%2,!46!*-./0-1-,><!

)2%7:14>7%2,!49!*%/,$8!F4=%927%2,! -.!/1.4!%5/7-2-2+!;/>.! ,4! -7:94=%!

/33%..! ,4! $%/1,$! 3/9%! /2*! %/.%! ,$%! 0)9*%2! 42! ,$%! :)01-3! $%/1,$! .>.,%78!

D2*%9!342.-*%9/,-42!-.!/!.>.,%7!46!2/,-42/1!$%/1,$!-2.)9/23%!,$/,!;-11!0)-1*!

42!%5-.,-2+!9%.4)93%.!-2!04,$!,$%!:)01-3!/2*!:9-=/,%!.%3,49.8!

P.5)0(X,."(+%=.$5)$*+=7#$%+#$5+,-.+5)>)%)'$+'&+".>.$0.+

?$/:,%9.!U!/2*!S!.%,!4),! ,$%!.:%2*-2+!:1/2.!46!+4=%927%2,!4=%9! ,$%!2%5,!

,$9%%!>%/9.<! 643).-2+!42!3$/2+%.! ,4!.:%2*-2+!:1/2.! ,/01%*!-2!&''S8!A4),$!

B69-3/\.!.>.,%7!46!-2,%9+4=%927%2,/1!6-.3/1!9%1/,-42.!:94=-*%.!649!0)*+%,.!

/,! 2/,-42/1<! :94=-23-/1! /2*!7)2-3-:/1! 1%=%18! #$%! 2/,-42/1! 6-.3).! ,9/2.6%9.!

.-+2-6-3/2,! 9%.4)93%.! ,4! .)0L2/,-42/1! +4=%927%2,! -2! 1-2%! ;-,$! 2/,-42/11>!

*%,%97-2%*!:9-49-,-%.8!#$%!&'"'!()*+%,!9%61%3,.!.-+2-6-3/2,!9%:9-49-,-./,-42!

0%,;%%2!.:%2*-2+!/9%/.!/2*!;-,$-2!*%:/9,7%2,.!,4!6)2*!2%;!:9-49-,-%.!/2*!

/3$-%=%!,/9+%,.8!!!

!"#$+06*,-$+#6&2*)7$+7+)#3$

",+$5201#.$2#+*-*#.):$%&)$

)"#2#$*+$,$.##'$402$4&2)"#2$

2#4023$

9$.,)*0.,-$"#,-)"$*.+&2,.6#$

+7+)#3$*+$&.'#2$

60.+*'#2,)*0.$

&'"'!(DEFG#!HGI@GJ!

!"e!

#$%! :9-49-,-%.! 46! +4=%927%2,<! +)-*%*! 0>! ,$%! 7%*-)7L,%97! .,9/,%+-3!

69/7%;49C<! /9%! %*)3/,-42<! $%/1,$<! 9)9/1! *%=%14:7%2,<! 6-+$,-2+! 39-7%! /2*!

39%/,-2+! M40.8!F-=%2! ,$%-9! -7:49,/23%<! $)7/2! .%,,1%7%2,.! /2*! /..43-/,%*!

-269/.,9)3,)9%<! /2*! 143/1! +4=%927%2,<! $/=%! 0%%2! -*%2,-6-%*! /.! /**-,-42/1!

:9-49-,-%.8!J$-1%!,$%!0)1C!46!2%;!9%.4)93%.!/9%!/1143/,%*!,4!,$%.%!6)23,-42.<!

/! .-+2-6-3/2,! .$/9%! 46! /**-,-42/1! .:%2*-2+! +4%.! ,4! 6)2*! $-+$%9L,$/2L

0)*+%,%*!./1/9>!-239%/.%.!/2*!433):/,-42L.:%3-6-3!*-.:%2./,-42.!649!3%9,/-2!

:946%..-42/1.8!!

?$/:,%9! U! :94=-*%.! /2! /334)2,! 46! $4;! .:%2*-2+! :1/2.! 9%1/,%! ,4!

+4=%927%2,\.!4),347%!,/9+%,.<!6)9,$%9!.,9%2+,$%2-2+!/334)2,/0-1-,>8!!

O)01-3!.:%2*-2+!+94;,$!/=%9/+%.!/04),!U8&!:%9!3%2,!/!>%/9!49!&8&!:%9!3%2,!

-2!9%/1!,%97.8!#$-.!-.!0%14;!,$%!9/:-*!:/3%!46!+94;,$!-2!:9%=-4).!0)*+%,.!

/2*! 9%61%3,-=%!46! ,$%!749%! 342.,9/-2%*! 6-.3/1! /2*! %34247-3! %2=-9427%2,8!

F-=%2! ,$/,! :94=-23%.! /2*! 7)2-3-:/1-,-%.! *%1-=%9! .%=%9/1! 46! ,$%! C%>!

:9-49-,-%.! 46! +4=%927%2,<! ,9/2.6%9.! ,4! ,$%.%! .:$%9%.! +94;! 0>! d8U!:%9!3%2,!

/2*!"^8T!:%9!3%2,!9%.:%3,-=%1>8!!

!#C7.+:D8++E)>)%)'$+'&+".>.$0.

O+C)77)'$ 899JS:9 89:9S:: 89::S:8 89:8S:L

X)+/'2)&!)&&'6)+/'2* ILJ:E!!!!!! IRM:E!!!!!! IKD:K!!!!!! IMI:Y!!!!!!

U,'9/26/)&!)&&'6)+/'2* CMD:Y!!!!!! ICC:M!!!!!! IRD:R!!!!!! IJM:I!!!!!!

E<&*),%-#$+",2# NAYU[$$$$$ NYPUO$$$$$ N^OUZ$$$$$ N[BU^$$$$$

D0.'*)*0.,-$(2,.)+ WAU[$$$$$$$ YPU[$$$$$$$ Y[U[$$$$$$$ ZBUY$$$$$$$

@,&)2,*.$-0,. L:C!!!!!!!!!! R$$$$$$$$$$ R$$$$$$$$$$ R$$$$$$$$$$

['6)&!%'9$,2-$2+!)&&'6)+/'2* RD:E!!!!!!!! RY:Y!!!!!!!! JJ:J!!!!!!!! KI:C!!!!!!!!

!',#7+#77'2#,)'$% TJ:D8++++++ VR9DW++++++ VWVDJ++++++ WLTDL++++++

M-#$*.%+,'+C#%.7)$.

X)+/'2)&!)&&'6)+/'2* I:D!!!!!!!!!! J:J!!!!!!!!!! M:K!!!!!!!!!! EJ:M!!!!!!!!

U,'9/26/)&!)&&'6)+/'2* ED:L!!!!!!!! EI:C!!!!!!!! EL:J!!!!!!!! EK:Y!!!!!!!!

E<&*),%-#$+",2# [UO$$$$$$$$$ POUZ$$$$$$$ PPUA$$$$$$$ PPU[$$$$$$$

D0.'*)*0.,-$(2,.)+ PUW$$$$$$$$$ NUW$$$$$$$$$ AUA$$$$$$$$$ WU^$$$$$$$$$

['6)&!%'9$,2-$2+!)&&'6)+/'2* D:L!!!!!!!!!! D:M!!!!!!!!!! E:K!!!!!!!!!! R:I!!!!!!!!!!

!',#7 :LDJ++++++++ 89DV++++++++ 8TD9++++++++ LJDJ++++++++ +!

!Q,-."+C05*.,+5'20(.$,#,)'$+

@2!/**-,-42!,4!,$%!!"#$%&'(%)*%+<!,$%!X/,-42/1!#9%/.)9>!:94*)3%.!/!.%9-%.!

46!4,$%9!*43)7%2,.!9%1/,%*!,4!,$%!()*+%,Y!

!! #$%!()*+%,!A:%%3$!!

!! #$%!E-=-.-42!46!H%=%2)%!(-11!!

!! #$%!B::94:9-/,-42!(-11!!

!! #$%!5.&*/9&%.'71'C9&*739;'5DB%3#*&"2%!!

!! #$%!?%7B;%E.'A"*#%8!

#;4!/22%5)9%.! ,4! ,$%!&'"'!!"#$%&'(%)*%+! /9%! /=/-1/01%!42! ,$%!X/,-42/1!

#9%/.)9>! ;%0.-,%Y! B22%5)9%!J"! NG5:1/2/,49>! 7%749/2*)7! ,4! ,$%!

*-=-.-42! 46! 9%=%2)%P! /2*! B22%5)9%!J&! NA,9)3,)9%! 46! ,$%! +4=%927%2,!

/334)2,.P8!#$%.%!*43)7%2,.!/2*!4,$%9!6-.3/1!/2*!6-2/23-/1!:)01-3/,-42.!/9%!

/=/-1/01%!/,Y!;;;8,9%/.)9>8+4=8W/8!

E'&6,)*0.:$"#,-)":$2&2,-$

'#1#-053#.):$5&%-*6$+,4#)7:$

C0%+:$"0&+*.($,.'$-06,-$

(01#2.3#.)$,2#$)"#$

52*02*)*#+$

S,-4$04$,''*)*0.,-$

#>5#.'*)&2#$*+$6",..#--#'$)0$

5201*.6#+$,.'$3&.*6*5,-*)*#+$

0,-+1&)2#$+ budget/2010... · 0,-+1&)2#$+ ... ,2#$.##’#’$

Documents