Skip to main content

100782018

Page 1

6SLV WUHğFL

tƐƚħƉ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘

ϵ

ϭ͘ ƵĚŽǁůĂŶLJ ƉƌŽĐĞƐ ŝŶǁĞƐƚLJĐLJũŶLJ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘

ϭϱ

3UDZQH DVSHNW\ RUJDQL]DFML SURFHVX LQZHVW\F\MQHJR 6WUXNWXUD SURFHVX LQZHVW\F\MQR EXGRZODQHJR 3U]\JRWRZDQLH SURFHVX LQZHVW\F\MQHJR =DNUHV GRNXPHQWDFML SURMHNWRZHM :\PDJDQLD GRW\F]ąFH GRNXPHQWDFML SURMHNWRZHM 6WXGLD L DQDOL]\ SU]HGLQZHVW\F\MQH 3URMHNWRZDQLH LQZHVW\FML %XGRZODQ\ SURFHV LQZHVW\F\MQ\ ZJ VWDQGDUGyZ ),',& :SURZDG]HQLH :]RU\ ZDUXQNyZ NRQWUDNWRZ\FK ),',& $QDOL]\ SU]HGLQZHVW\F\MQH ZJ ),',& 3URFHGXU\ ]ZLą]DQH ] UHDOL]DFMą NRQWUDNWX EXGRZODQHJR ZJ VWDQGDUGyZ ),',& 5R]OLF]HQLD L RGELRU\ LQZHVW\FML EXGRZODQHM ± ]DP\NDQLH SURMHNWX ZJ ),',& 8ZDJL NRĔFRZH

Ϯ͘ WƌŽũĞŬƚŽǁĂŶŝĞ ŝ ƌĞĂůŝnjĂĐũĂ ŝŶǁĞƐƚLJĐũŝ ďƵĚŽǁůĂŶĞũ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘ ͘

ϰϯ

2SUDFRZDQLD SURMHNWRZH :SURZDG]HQLH 3URMHNW EXGRZODQ\ 3URMHNW Z\NRQDZF]\ 2SLV SU]HGPLRWX ]DPyZLHQLD QD URERW\ EXGRZODQH 'RNXPHQWDFMD SURMHNWRZD

5


Turn static files into dynamic content formats.

Create a flipbook